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M O RTGA G E A BSTRACTS.
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IiTVESTOEs’ S u p p l e m e n t of July 1897.
RAILRO AD EVOLU TION .
The Southern Pacific has undertaken to construct
what is probably the longest bridge in the world.
That compands Central Pacific line, when originally
built, was carried around Great Salt Lake from
Ogden. Now, after more than thirty years, the road
is to go west from Ogden direct to the lake and across
an arm of it on 7 miles of trestle, which may after
wards be filled in, the water being shallow; then 6
miles aoross a peninsula; then about 30 miles by
trestle across the main body of the lake, over water not
more than 30 feet deep; then to join the present line
at Lucln. The present line and the new one com
pare with each other like bow and string; the new
one, of 104 miles, Is to save about 46 miles between
Ogden and Lucin and to be easier in grades and
curves.
A brief Bpeclal cable mentions a locomotive lately
built for the Great Eastern Railway, England. This
machine Is described aa having five pairs of coupled
drivers, 2,769 square feet of heatlng-surfaoe, two in
side cylinders and one outside, with extraordinary
tractive power and ability of “ pick-up,” so that it is
expected to attain a 30-mile pace in 30 seconds after
starting, presumably with light load. This quickness
of action Is specially planned and will he valuable,
because It la for use on a short suburban line with
many stations. The case Is one of special adaptation.
As another instance of that nature (which almost
seems at the opposite extreme) there is now in use a
tracklaying machine, which lays in advance of Itself,
as it slowly pushes itself forward, both rails and ties,
requiring only auxiliary assistance by human labor.
With 35 human helpers this machine will lay two
miles of track per day, doing more rapidly what was
done by hand thirty years ago, one gang placing rails
on ties and perhaps another following to spike them.
These examples placed together illustrate how rail
roads begin crudely and then gradually develop into
completeness.
The first objective is to get rails
down, so as to somehow connect the terminal points,
the course of the line between them being determined
partly by the physical obstacles and partly by the
location of towns which it is thought necessary to
touch. Construction is temporary in character, the
governing need being to get the road open and at
work earning; substantial ballast, solid bridges, re
moval of curves, and all which makes for permanence,
come gradually. No just complaint can be made of
this, for it is too natural to be avoidable. Railroad
building is a pioneer work. A road must be opened
before really finished, in new country.
Hence what is sometimes condemned as “ over-cap
italization ” should neither be broadly denounced nor
lamented. Speaking generally, it is probable that
some of onr railroads could now be duplicated for less
than their stock and bonds represent; bnt this fact,
taken alone, has little significance. The facilities for
production of everything which enters into their phy
sical structure are better now—in great part because
of the existence of the roads— than at the time when
most of them were built. This is one fact In the case;
the other 1 that these roads were, at first, a compar
b
atively uncertain venture, so that those who embarked
in them required, and were justly entitled to, a larger
margin of possible profit to offset their risks. All this
was part of the foundations, and foundations are not
lost merely because they are burled out of sight. To
lament them as waste, or to imagine they might have
been dispensed with, would be like lamenting the cost
of the experimental work whioh leads up to perma
nently valuable inventions. The costs of progress
must be paid as the movement proceeds.
Railroad development (meaning by this not expan
sion, but improvement,) proceeds along three lineaj
inorease of traotive power and speed capacity in the
locomotive, this Inorease being best when it moves
faster than the increase In fuel consumption; dooreaao
in traction resistance of load; increase In solidity and
durability of atruoture—these last two being closely
connected. The largest single faotor has been the
4
INVESTORS’
B'eel rail; yet roadbed, ballasting, rail, bridge and
rolling stock have been growing more massive, of
better material, better put together, and in better
mutual proportions. The road of thirty or forty
years ago could not have endured the movement of
the present trains, nor is it probable that the trains of
that day could have been driven at modern speeds,
even if the attempt had been dared.
What has brought about the present wonderfully
low freight rates is not the power of opposition to
monopoly, but the physical improvements which have
lowered the cost of haul, the practicable carload, for
one example, having been increased fivefold within
thirty years. Passenger rates, it is true, have not
similarly declined, but the conditions in that depart
ment have not very greatly reduced the cost of oper
ating.
All this development in physical details has been so
gradual as to be little noticed, but its cumulative re
sult is the present approximate perfection in trans
portation. Probably very few persons are aware of
the strikingly large number and variety of a railroad's
purchases ; it is a large consumer, perhaps the largest
consumer, of about everything that is bought with
money. It is a part of the foundations of the country's
prosperity and is linked inextricably with every in
dustrial interest; so has come about the fact that
there have never been so few foreclosures and receiver
ships begun as in this present year. So, too, while
admitting that there are other financial contributing
causes, railroad securities have come to be a leading
class of investments, and our largest corporations are
largely resting upon them to-day. If the mutual in
terdependence of railroads and everything else were
better understood—as it must some time be under
stood—there would be very much less outcry about
monopoly.
Meanwhile, it may not be amiss to say that just as
an invention which saves a percentage of fuel at once
enters into the investment side as an item in better
ment, so all improvements in track, in signals, in
rolling-stock, and especially in effectiveness and
economy of motive power are financial factors. Hence
these become suitable and often highly useful topics
as aids to our readers in their investigations; not
merely or chiefly because of their mechanical interest,
but because they are essentially financial in their
bearings. For like reasons we issue costly Supple
ments in which railroads have the larger plaoe. In
these ways investors have before them not alone the
details of income and outgo, but all the material facts
upon which the stability of value as well as the pres
ent earning and dividend-paying qualities of the pa
per titles called securities depend.
WA TER- T UBE B OILERS.
If a fire were built under one end of a plain cylin
drical boiler, or even under the entire length o f it,
just as when a common kettle is set on the kitchen
stove, it is evident that steam could not be made fast
enough to be of any practical use; so the heating
surface must be increased. This increase is effected
by putting tubes in the boiler, the products of com
bustion passing through them from the furnace at
one end of the stack to the other and the water cir
culating around them. This device was known before
Stephenson, but he was the first to put it to real prac
SUPPLEMENT,
[V ol. LXXV.
tical use, in the “ Rocket." That pioneer locomotive
had 25 tubes of 3 inches diameter, and the multitubular boiler has continued to be standard for all
purposes.
The water-tube boiler, which seems to be coming
into increasing use, is just the reverse of this; the
water circulates through the tubes and the combus
tion products pass around them. A locomotive of
this type, in use on the London & Southwestern Rail
way in England, is peculiar looking as compared with
the ordinary pattern. In lieu of the usual fire-tubes,
there is one large horizontal fine in the barrel of the
boiler, this flue being crossed laterally by over 200
short water-tubes; the fire-box also contains 40 cross
water-tubes and a few ordinary fire-tubes are placed
in the corners of the fire box for the purpose of
strengthening it.
The advantages sought in and claimed for this plan
are increased steam production and economy in fuel*
not necessarily an increase of heating-surface. The
designer of this particular engine has been for some
years experimenting with water-tubes in the fire-box,
and the results have been so satisfactory that all the
company's engines are now so constructed; for a more
thorough test this experimental boiler has now been
made wholly on the water-tube plaD, the few of the
other class tubes being only for an incidental pur
pose. The designer informs the “ Scientific Ameri
can " that the engines with cross water-tubes in the
fire-box have proved more economical than those not
so made, and that three months' trial of this new and
small engine with water tube boiler, having only 736
square feet of heating-surface, has shown that it does
the same work as the standard fire-tube locomo
tives with 1,291 square feet of heating-surface,
and does this on an average of a pound of coal
less per mile.
It must be plain, even to the unmechanical reader,
that, if all other things are equal, rapidity in making
steam and efficiency in performance ought to be in
proportion to the heating-surface; hence this compar
ative result appears the more striking. There is a
natural explanation at hand, however. The steam
blast, which is necessary for a strong draft and hence
a rapid production of steam, also carries heat out
through the stack. No boiler and engine have yet
been devised whioh do not fall largely short of utiliz
ing all the heat-energy of the fuel, and all the modern
devices of cut-off valves and compound engines
are means for working steam “ expansively "■
—that is,
for getting the largest portion of its heat out of it
before letting it escape.
In the usual tubular boiler the tubes are the flues,
and since they are straight from fire-box to stack
they offer an easy passage and the heat products rush
through them; but when the water occupies the tubes
the hot gases must crook and wind around and be
tween them, moving more slowly to the stack and
thus parting with more of their heat. Hence it is
not incredible that a boiler of this sort may perform
the same work as one of the other sort which has 75
per cent more heating surface, and with less fuel.
The water-tubes, whioh are often “ staggered" (that
is, are arranged in the break-joint manner, as may be
understood by looking at the spokes of a wagon wheel
where they enter the hub), serve in effect as baffleplates. These are partitions inserted in a flue for the
purpose of deflecting the combustion gas as and mak-
J u l y , 1902,]
INVESTORS’
ing them part with more heat by moving more slowly.
The principle is familiar and is applied whenever an
extra turn is given to a stovepipe instead of carrying
it direct to the chimney.
A volume on this subject, based on a course of lec
tures delivered in London, has been lately issued, and
the author decidedly approves the water-tube boiler
for naval use, quoting our own Admiral Melville that
“ if the battle of Santiago taught nothing else it cer
tainly made very clear the absolute necessity of
water-tube boilers in our modern war vessels.” The
reader will remember that the American ships were
caught then with some of their boilers cold, and the
Brooklyn went through the chase with one pair of
engines uncoupled; so we take this opinion to refer
mainly to the better steaming action of the water-tube
type. However, the British Admiralty has decided,
after some tests already made, to make a fuller trial
by putting four separate systems of water-tube boilers
into the new cruisers and battleships.
The water-tabe itself goes back as far as the begin
ning of the last century, but has been in process of
evolution, especially during the last forty years, and
is now largely in use in stationary and marine boilers.
The first advantage is on the score of safety, the usual
large common space for water and steam being divided
into many small ones, any of which may rupture
without disastrous result; more effective heating,
better circulation, less exposure to unequal expansion
and contraction, and some other features, are also
claimed for this plan.
Former attempts to apply it to locomotives showed
good results along the lines as above stated, but there
were some difficulties mechanically, chiefly as to get
ting access for repairs. These may now be avoidable
by improvement in design, and there are several
reasons why this reversion to an old type has much
prospective interest as to locomotives. Railroad prac
tice has been demanding more and more, in power
and speed both, and has been getting both ; but the
locomotive has nearly reached the limit of size possible
without reconstructing bridges and tunnels, which is
hardly to be deemed feasible.
Hence any large further increase in steaming
capacity must be sought in improvement of design
rather than in enlargement of absolute size. Next,
the problem of fuel steadily becomes more serious,
and the coal strike of this year only adds an emphasis
to the fact. There is, therefore, no more important
object in railway development than to reach more
economy in fuel by getting a greater efficiency out of
it. This has a direct bearing upon coats of trans
portation, upon the issue of the competition between
the ateam locomotive and the electrio, and upon the
investment value of railways.
LOCOMOTIVE TRA OTION-1 NORE A SEES.
In the early days of the locomotive it was assumed
by some that the driving-wheels would slip around
on the smooth rail, and several devices to secure ad
hesion were produced. Only one of these—the
toothed-wheel used on extraordinary grades like those
on Mt. Washington—still survives, for practical trial
proved the difficulty Imaginary. Yet driving-wheelB
have more or leas been slipping unto this day, accord
ing to circumstances, and there are times and places
SUPPLEMENT.
5
which make increased adhesion intrinsically desira
ble.
The heavy freight engine, which especially needs a
firm hold on the rail, has its number of drivers in
creased and that of mere running trucks reduced, so
as to throw on the former as much of the total weight
as is practicable; as the power is applied directly to
only one pair of wheels, the drivers are all coupled
together for the same purpose of increased adhesion.
A geared-type of engine was not long ago built which
is “ all driver,” so to speak, engine and tender being
carried on four center-bearing swiveled trucks with
four wheels to each truck; two trucks are under the
tender, one truck is behind the fire-box and cylin
ders, and one is forward under the smoke-box. The
entire weight of the maohine, 291,000 lbs., rests on
these sixteen drivers, and the driving is done all
along the length; the cylinders rotate a cranked
shaft on each side, which is geared to all the drivers.
This particular machine runs on the El Paso Rock
Island route, from Alamogordo to Cox Canyon, in
New Mexico, 31 miles, over heavy grades, and is an
interesting instance of adaptation to a special use
where tractive power is all important.
Now comes a device (not new, however, as to the
idea) for increasing traction by changing the distri
bution of load at will. This has been applied to the
“ Central Atlantic” class of engines now in use on
the N. Y. Central’s fast trains, and a “ Prairie ” type
of engine on the Santa Fe road was fitted with increasers some months ago. The total weight of the
machine being a fixed quantity, if any portion of this
can be taken off one pair of wheels (except by some
power from the outside), the portion removed must lie
upon the rest. This is accomplished by using the
compressed air of the brake system. On the Santa
Fe engine, which has three pairs of drivers, with one
pair of leading trucks and one of trailing trucks, the
effect is thus:
Normal.
Load on leading tracks............... ............ 30,150 lbs.
Load on trailing tracks............. .............. 33,150 “
Load on forward drivers............ ............ 46,800 “
Load on middle drivers.............. ............. 51,800 “
Load on back drivers................ ............. 48,900 “
With the.
increaser
25,950 lbs.
28,620 “
61,000 “
53,340 “
51,890 "
The total weight of 210,800 lbs. is unchanged, but
8,730 lbs. of it are transferred from the four truoks to
the six drivers, just as if portions of the entire mass
could be pushed back and forth so as to bring them
directly above one or another pair of wheels. The
truck wheels are not lifted out of contact with the
rail; their own weight is unaffected, but approxi
mately one-eighth of the load upon them is shifted to
the others.
It will be plain enough to laymen that there is
some theoretical gain In a devioe of this sort, and
some practical gain has also been found; but there is
also some possible Injury. An attempt to run modern
trains at modern speeds over such track and bed as
were in use thirty years ago would soon prove disas
trous; the two parts of the structure, not agreeing
with eaoh other, would destroy oach other, for there
must be a harmony of proportion between all parts.
The lnoreaser is designed to be used when and where
needed and is necessarily under oontrol of the engi
neer. If he should find that it helped him to get over
his run more comfortably and should yield to the
temptation to use It too much, there might bo a die-
6
INYESTOKS’ SUPPLEMENT.
turbance of this harmony of parts. Por a concentra
tion of load—as, for example, if we imagine the en
tire load shifted to four wheels only—is harder on
both track and engine.
The special office of the leading trucks is to hold
the machine on the rails ; now imagine both pairs of
trucks taken off this particular engine and the rem
nant would be a sort of switch engine, which is a
small type of machine mounted only on drivers and
used for “ donkey ” purposes in railroad yards. But
a big machine thus imagined, all drivers and all trac
tion, would be a very bad specimen of the type, being
all wrong in proportion, and with an overhang beyond
its wheels which would severely strain everything by
vibration ; the concentration of weight would also be
detrimental.
Of course such an extreme supposition is made only
to show the direction in which harm might come from
an abuse of the incresser device. The benefit from it
comes from avoiding the direct mischief of slipping
drivers, a better passage of grades and curves (the
drag of train being heavier on these) and less trouble
in starting trains. Saving of time in the picking up
of trains and getting under full headway might also
be of utility on the faster passenger trains which are
coming into vogue over long runs. A few months ago
there were 45 engines in construction at the Baldwin
works which were to have increasers, and a good re
port of results comes from the Santa Pe road. A con
clusive test of the value of the increaser has not yet
been had; but the fact that a device which dates far
back into the century and has been tried repeatedly
comes up again illustrates the constancy of the de
mand for improvement.
A LOCOMOT1VE A UTOMATIC STOKER.
It is a matter of common knowledge that every
locomotive carries a fireman. His business is to shovel
coal into the furnace, and, at intervals, to oil and
wipe the machine; his ambition is to one day be pro
moted to the engineer's seat on the other side of the
cab, and this is the regular order of advancement.
He must “ keep her h ot/' as the phrase goes, and his
work is very laborious; indeed, it is more so than it
used to be. For while men are no larger than they
were in 1870, locomotives have grown since then from
say a dozen tons weight to an extreme of nearly two hun
dred; cylinder, wheel, frame, boiler and firebox have
increased in Bize, and the more steam required re
quires more firing in turn. Modern power brakes
have put the control of the train into the engineer's
hands, but the fireman has been left with his two
hands and his shovel, as he began. There ought,
however, to be a better way. Automatic machine
feeders or stokers have long been in use on stationary
boilers, and now comes a form to fit the conditions of
the locomotive, devised by an engineer who, like the
rest, graduated from the ranks of the firemen.
This stoker is essentially an iron hopper attached
to the furnace door and projecting into the cab be
tween its two occupants; the regular door is removed,
however, and a special door, to which the stoker is
fastened, replaces it. In shape the hopper top of the
machine is much like the top of the tender itself.
Within the hopper are a pair of spiral conveyers, as
they are called, which closely resemble the common
auger without Its screw point. As the auger cuts its
IVol. LXXV.
way into the wood the chips are carried back and
thrown out by the rotation of the spiral or twisted
part. If the auger were turned in the opposite direc
tion it is obvious that the chips would be carried
inward instead of outward.
This spiral conveyer is a common device in
machinery, and when it is rotated within any recess
or trough which approximately fits its shape, it pushes
along any material that is dumped upon it. The coal
from the tender is thus moved along by these revolv
ing spirals towards the opening into the furnace, but
if their work were not supplemented they would drop
their load all in one place just within the opening
and at the front of the furnace, which would be in
tolerably bad firing. So there is further mechanism.
The conveyers move the coal towards the opening
but not into it; their load drops at intervals into a
short trough just below their own level, where a pair
of plungers or pistons, moving to and fro, shove it
into the furnace. This shoving resembles the action
of the living stoker, but to merely throw coal in is
only the clumsy part of his work; he must also dis
tribute and spread it within the furnace, that it may
burn properly. So the plunger has a variable action.
It gives a light thrust, which drops coal near the
door; then a medium one, which drops it in the mid
dle; then a hard one, which sends it to the forward
end of the furnace, this distributory action being
aided by the peculiar shape of the table or apron over
which the coal passes just as it enters the door.
Power for these operations comes from a small en
gine placed underneath; this engine drives the con
veyers—which rotate by little steps at a time, not
continuously—and as they move they actuate the
throttle valves that govern the pushers. Meanwhile
the fireman loads coal into the stoker instead of di
rectly through the furnace door, and has to keep
watch of the apparatus, which has its various valves on
the side towards him. If the fire “ banks " anywhere
he changes the distribution of coal by changing the
openings of the controlling valves; he has less hard
labor, but is still busy, and is able to also take more
part in watching for signals and generally. The top
of the stoker may be tipped to one side, exposing the
opening in the door, in case it becomes necessary to
put In coal by hand or to claw the fire with the
“ hook;'' if any disarrangement of the machine occurs
while in use, it can be taken off and the regular door
substituted for hand-firing, without interrupting the
train movement.
The main feature of this apparatus is that the fur
nace is never opened; it is always open to fresh fuel,
but not to the outer air. The heat within is there
fore higher and continuous, so that gases are more
effectually consumed, and there is a natural diminu
tion of sparks and smoke—indeed, an almost entire
abolition of the latter is claimed. Inferior and lowerpriced coal can also be used, and a saving of from 10
to 25 per cent (according as the comparison is made
with careful or with careless handling) is distinctly
claimed for the machine. If the combustion is better
there should be less deposit of soot within. Another
material gain by any practical apparatus for auto
matic stoking is that the firebox is less exposed to
changes in temperature ; the importance of such pro
tection is in the fact that sudden expansion and con
traction are very detrimental to iron structures that
are stiffly held by bolts.
RAILROAD
(F
or
M
is c e l l a n e o u s
C o m p a n ie s
COMPANIES.
see
paces
152
to
175
in c l u s iv e
.)
E X P L A N A T O R Y .—Tills Supplement is expressly intended for use in con n ection w ith the investm ent new s and official reports published
from week to w eek in the Chronicle. Frequent reference is therefore m ade to the volu m e and page o f the Chronicle (as, V . 64, p. 000)
where fuller information may be found. Following each statement also is given a reference to the latest news item in the Chronicle respecting
the company. As every such item contains a reference to the last preceding item, the reader can run back over the company’s history
at pleasure. Annual reports are in black-faced figures, and italics indicate a paragraph headed by the name of some other company.
In d ex .—Any company not in its regular alphabetical order may be found by means of the index to roads leased and consolidated.
D ivid en d s—The dividends tabulated in the te x t are those actu ally p a id during the calendar years nam ed, irrespective o f w hen earned.
Net earnings are given after deducting operatin g expenses and usually taxes, but n ot interest, rentals or other fixed charges.
Securities.—These are described in table at head of page [except the stock, for lack of space, sometimes only in text below] as follow s:
Miles o f R o a d Opposite bonds, this means the miles o f road ow ned covered b y the m ortgage.
Size or P a r V a lu e—Shows (in dollars unless otherw ise m arked), the denom inations o r par value, “ 100, & c.,” signifyin g $100 and larger.
Rate Per Oent.—Th& interest and dividend rate,p e r annum is here s h o w n ; g., gold: cur., cu r r e n c y ; x, e x t r a ; s. stock or scrip.
When P a ya ble—I . & J. stands fo r January and July; F. & A ., February and August; M. < S., M arch and Septem ber; A . & O., A pril and O c to b e r
fc
M . & N ., May and N ov.; J. & D., June and D ec.; Q.—J., quarterly from Jan.; Q.—F., quarterly from Feb.; Q.—M., quarterly from M arch.
B onds,principal when dice, etc.—This colum n shows the date w hen the bonds m ature and the am ount and date o f the last dividend.
Abbreviations in ta b le : M. fo r “ m ortgage; ” gen. M. fo r “ general m o rtg a g e ;” con. M. or consol. M. fo r *'*consolidated m o rtg a g e ;” inc. M»
or “ incom e m o r tg a g e ;” g. fo r “ g o l d ;” o. or cur. for “ c u r r e n c y ;” guar. p. & i. for “ guaranteed principal and in t e r e s t;” cum . fo r
u cu m u la tiv e; ” non-cum . fo r “ n on -cu m u lative; ” con v. fo r “ co n v e rtib le ; ” pref. for “ p re fe rre d ; ” s. f. fo r “ sinking fu n d ; ” 1. gr. fo r “ land
g r a n t; ” r. “ registered; ” c. “ cou pon ; ” c.* “ cou pon but m ay be registered as to principal; ” br. “ branch; ” end. “ endorsed; ” “ red .” redeem able;
“ d’m ” or “ d ra w n ” subject to call w hen draw n b y l o t ; “ p. m .” “ p er m ile;” as’ d “ assum ed.” “ x ” P rin cip al and in te re s tp a y a o le w ith ou t
deduction for any ta x.
Mortgage Trustees and Stock Transfer A gen ts ( T t t Treasurer’s Office) are indicated th u s :
N. Y . CITY—(C oncluded—
P it t s b u r g —
N e w Y o r k C it y —
B a l t im o r e —
L o u is v il l e —
A — A tla n tic Trust.
B — BowliDg G reen Trust.
C e — Central Trust.
C l— City Trust.
C o l —Colonial Trust.
Co— C ontinental Trust.
F — F arm ers’ L oan & Trust.
G — G uaranty Trust.
K .— K n ickerbocker Trust.
M a —M anhattan Trust.
M e —M ercantile Trust.
M o —M orton Trust.
M p—M etropolitan Trust.
N — N. Y . Security & Trust.
N # — N orth A m erican Trust.
Standard Trust.
T a —T rust Co. o f A m erica.
V n— Union Trust.
Us — U n ited States Trust.
U s m —U. S. M ort. & T ru st Co.
Bo s t o n —
A B —A m erican L oa n & Trust.
B B —B oston Safe D ep. & Tr.
I B — In ternation al Trust.
M B - M assachu’ tts L oa n & Tr.
N B — N ew England Trust.
O B — Old C olony Trust.
S B — State Trust.
B B a — Balt. Tr. & Guaranty.
C o B a — C ontinental Trust.
F B a — F id elity & D eposit.
M B a - M aryland Trust.
Me B a —M ercantile Tr. & Dep.
S B a — S afe D ep. & T ru st Co.
C h ic a g o —
A C —Am er. T rust & Sav. Bank.
E C — E quitable T rust.
I C — Illinois Trust & Sav. Bk.
M C —M erchants’ L oa n & Tr.
N C — N orth ern Trust.
R C — R oyal Trust.
U C — U n ion Trust.
C E —Colum bia F in an ce & Tr.
F L - F i d e l i t y Tr. & S a fety Y lt.
L L - L ou isv ille T rust.
P h il a d e l p h ia —
F P — F idelity Trust.
G P - Girard Trust.
G-uP—G uaranty T r. & S.Dep.
PI P — rov id en t L . & Tr
P
P e P —Penn. Co. fo r Insur. on
L ives & Gr. A n n .
W P —W est End Tr. & S. D ep.
F P i—F id elity T itle & T ru st.
P P i—P ittsb u rg Trust.
U P i—U nion Trust.
S t . L o u is —
M S t—M ississippi V a liev T r
tSSt— St. L ou is U nion Trust.
S a n F r a n c is c o —
CS— alifornia
C
& T rust.
S afe
Deposit
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t i c e o f a n y e r r o r d is c o v e r e d i n tlie s e T a b le s .
Bonds—P rin ci
IN TEREST OR D IV ID EN D S.
R A ILR O A D S.
pal, W hen Due.
Miles Date Size, or
A m ount
Stocks—Last
of
of
Par
When
ayable,
Outstanding R ate per Payable Where PWhom. and by
D ividend.
Road. Bonds Value.
Cent.
above.
A dirondack.—1 s tM .,g o ld , g n .p . <fci. end., TJs.c*<fcr
Alabama Great Smah’n—“ B ” shares (English C o.).
Pref. “ A ” shares, (English Co.) 6%, £ 8 0 0 ,0 0 0 ....
1st M. (Am erican Co.) gold, $ 1,7 50 ,0 00 .........F . c
General m ortgage, £ 1 ,1 6 0 ,0 0 0 ..................... C e.c
Debentures, gold (English C o.)............................... o
Funded arrears o f dividend (English C o .)............
Car trust notes, payaole m on th ly ............................
Alabam a M idland—See A tlantic C oast L i s e RR.
A la. N. 0. Tex. &Pac. J u n e —D e fe rre d “ B ” shares...
Preferred “ A ” shares, 6 p. c. cum ulative...............
“ A ” deben., red. aft. N o v .l,’ 10, at 115—See te x t .c
“ B ” debentures, incom e, red. after 1910 at 1 1 5 .c
“ C” deb., incom e, subject to call any tim e at 100.
Interest cert, (secured b y £ 34.193 “ C ” d e b .)___
Alabam a < Tenn. R i v e r - 1st m ort.. $1,600,000. K ..
&
Alabama < Vicksburg—8tock $ 1,0 50 .0 00 ................
£
V ioksb’g & Mer. 1st M. gold, $ 1 ,0 0 0 ,0 0 0 .F .xc*
Ala. & Vicks, co n s o l.ls t M., ($1,800,000) g .-C e .o
2d M., orig. $700,000. g .................................. C e .c
A lbany & N or them - - S t o c k ...........................................
1st m ortga ge................................................................c
Albany < Svcq —Stock, divi’ ds guar, b y D.& H. (end).
&
Consol. M .) (guar. p.<fc i. end.) currency 7s. F.c*&r
now IstM . s
do
6s, interest only In g o ld ___
A lbany & Vermont—Stock, 3 p.c. guar, by r en ta l)..
A llegheny d Western—Stock ($3,500,000).................
2
1st M. $2,500,000, gold, gnar., p. & 1. end O .c * ..
57
1892
290
1878
1888
1886
1888
....
$1,000
£10
£10
$1,000
£100
£100
Various.
$1,000,000
4 ^ g.
£1,566,000
£676^070 9 in 1901
$1,750,000
6 g.
£52 6,0 0 0
5 g.
£134,000
6 g.
4
£ 53,257
$172,711
5
M. & S. N .Y.Of.,21 CortlandtSt.
London.
do
J. & D,
J. & J. N. Y. ,Farm.L.&Tr. & Bos
J. & D. London, Glyn,Mills&Co.
do
do
F& A 15
London.
£2,500,000
£10
£10
£1,500,000
1890 £ 5 0 &c.
£748,850
5 g. M. & N. Lon.,Glyn,M ills,C.& Co.
.m . 1890 £ 2 0 &0. £ 1,0 48 ,3 90
m
M ay,’02,cp. pd. J u ly,’02
5 g.
£810,652
See text.
• m 1890 £ 2 0 &0.
m.
5 g. A. & O.
£ 28,494
See text.
F. & A. N. Y . K n ickb. Trust Co.
1901
5
$1,050,000 6 in 1901 Yearly, N. Y ., Central Trust Co.
100
143
1,000
1,000,000
do
do
143 1881
^ g- A. & O.
do
do
143 1889 100 &C.
588,800
5 g. A. & O.
601,300
do
do
143 1889 100 &c.
5 g. A. & O.
100
350,000
1,000
J. & J.
400,000
1896
5
100
3,500,000 7 in 1902 J. & J. N.Y.,Del. & H udson Co.
do
do
142 1876 $1,000
3,000,000
7 cur. A. & O.
142 1876
1,000
do
do
7,000,000
6 g. A. & O.
100
T roy, N. Y.
12
600,000
M. & N.
3
61
100
3,000,000
6 g. J. & J. New Y ork, 36 W all St.
61 1898
1,000
2,000*000
4 g. A. < O. N. Y., G allatin Bank.
fc
D ec. 1, 1942
D ec., 1891
J ’ne 1 6 ,’ 02,4%
Jan. 1, 1908
D ec. 1, 1927
Aug. 1 5 ,1 9 0 6
B y sink’ g fund
N o v .l, 1910-40
N o v .l, 1910-40
N ov. 1, 1940
1951
Aug., 1901,6'
A pr. 1, 192
A pr. 1, 1921
Apr. 1, 1921
Jan. 1, 1946
July, 1902, 3i*
A pr. 1, 1906
A pr. 1, 1906
May 15,’0 2 .li*
Ju ly 1. ’02, 3
Oct. 1, 1998
Coupons P aid—F or ’ 91. ’ 92. ’93. ’ 94. ’ 95. ’ 96. ’ 98. ’ 99. ’0 0 . *01
A d i r o n d a c k R y . —Saratoga to North Creek, N. Y ., 57 m. Stock,
5
5 5
5
5
5
5 5
5
,6 00,000; par, $100. The bonds carry the endorsed guaranty of the “ A ” D cb en tu res-.P . c. 5
law are fa H udson ; $1,000,000 bonds reserved fo r extensions at “ B ”
do
..P .c . 2 ^ 2ka
0 *875 1 2 ^ 2% 4*8 5 B elow
do
..P .c .
..
$20,000 per m ile o f com pleted road. In year ending June 30, 1901, “ O ”
.............................................
0
gross. $190,338; net, $52,573; other incom e, $294; charges, $53,247;
The N ov., 1901, cou pon on B debentures was paid Jan., 1902, and the
In 1899-0,gross, $200,273; net, $69,519.—(V. 59, p. 1102; V. 69, p. 1010.) M ay, 1902, on July 1, 1902. A paym ent.of 2&s o . c. on “ 0 ” debentures
A k r o n 6c B a r b e r t o n B e l t L i n e R R . —Owns a b elt line around was made in Feb., 1902. V . 74, p. 93.
Barberton, O., < miles in length. A consolidation 1n May, 1902, of
?)
E arnings .—See separate statem ent for each o f the con trolled com
various properties. V. 74, p. 1088. Stock, $100,000, ow ned equally panies. In year ending Dec. 31, 1901, net from investm ents was
by the Pennsylvania RR., Balt. < Ohio, E rie R R . and the V anderbilt £114,599; paid general expenses (£3,594), incom e tax (£5 ,68 1 ), Inter
fe
interests. B onds authorized, $1,500,000, o f w hich $900,000 to retire est on “ A ” debentures, (£35.395), on “ B” debentures 5 p. o. (paid In
the old bonds; balance for future require,ments. President, Jam es Mc- Jan., 1902), £ 49,470; on “ C ” debentures, 2^8 p. o., £20,038; balance,
Crea; Secretary, S. B. L ig g e t t ^ fV . 74, p, 1088.)
including £87 1 from 1900, £ 9 3 1 .- ( V . 74, p. 93, 477, 678; V. 75, p. 76.)
A l a b a m a G r e a t S o u t h e r n B i t . —(See Map Southern R ailw ay.)—
A l a b a m a 6c T e m ie w s e e R i v e r R y . — Projected from Floren ce,
Owns Wau hate hie, Tenn... to Meridian, Miss., 291 m iles; branch lines A la., to C lifton, Tenn., 80 m iles, o f which 3 ^ m iles were graded in
owned, 6 m iles; leases Waulxatchie to Chattanooga, 5 miles, and B elt N ovem ber, 1901. Stock authorized, $i *000,000. B onds are issuable
Rv. o f Chattanooga, 45 m iles; trackage to B lockton, A la., 8 miles, and at $20,000 x>er mile. President, J. L. Bell, 29 B roadw ay, New Y o rk ;
W oodlawn, 19 m ile s ; total operated, 374 miles.
Treasurer, G eorge A. Sykes,—V. 73, p. 1009.
A l a b a m a 6c V ic k w b u r fx R y . —Owns Vioksburg to M eridian, Miss,
O eo an izatio n .—Controlled b y Southern R y., but operated Independ
ently. V. 60, p, 26; V. 61, p. 375. Ala. Great So. R y., L im ited , and branch, 143 miles, all steel rails. C ontrolled by Alabam a N ew
owns all o f the stock and debentures of Ala. Great So. R R ., and has Orleans Texas & Pacific Junction Go.—which see. R eorganization o f
Issued In place thereof its own stock and f
the Vioksburg & Meridian foreclosed Feb. 4 ,18 89 (see V .48, p. 190).
f o r a like amount. The tw o com panies own
Stoc k .—The stock was increased In 1900 from $700,000 to $1,060,o f South western Construction Co. received
000 by 50 p. o. distribution to shareholders, to represent earnings ap
800 Gin. N. O. fa Tex. Pac. stock. See V. 65, p. 1173.
plied to additions and im provem ents since 1889.—V. 70, p. 632.
Sto c k .—O f the capital stock o f the English Co. the Southern Railway
D iv id e n d s .—’90 t o ’92, 3 p. c. yrly,; ’ 9 6 ,3 ; ’97 to ’ 9 9 ,5 ; ’ 00, 6 ;’ 01, (L
Co. on July 1. 1901, ow ned $1,725,000 “ A” shares and $4,540,050
B onds .—T he new seconds were incom e till April 1 ,1 8 9 4 ,and a r e a
“ B” shares. V. 61, p. 26. For right to dividends see March, ’0 4 ,S u er.
first lien on the lands—62,041 acres. Of the $1,800.000 consols author
D m p K N D - ) ’ 90. ’ 91.’ 92. ’ 93
to ’95. ’ 96.’ 97. ’ 98, ’ 99. ’ 00. ’01. ’ 02.
ized, $1,000,000 are wi th trustee to retire V. fa M, firsts.
“ A ” shares.% > 9
6
6
0
6
9 6 6
8
9 June, 4
K a kninor . “ Fiscal year ends June 30. Y car ending June 30, gross,
“ B ” shares.% ) 0
18? 0
0
0
0 0 0
0
0 . . . .$1,019,932, against $920,669 In 1900-1. R eport for 1900-1901 in V.
..
B onds . -G eneral M. 6s, £484,000, will retire 1st 6s and debentures. 73, p. 1157.
Yearn—
Gross,
Net,
Interest, etc, Ilal. sur. D ividend .
L atest Earn ing * 1 1 mos, / 1901-2.Gross, $2,202,088; net, $655,530
$ 1 0 3 ,9 5 0 <0)$63,000
1900 0 1 ... $920,669
$235,840
$131,384
July 1 to M ay 81,
$1900-3 Gross, 2,028,593; net, 592,130
8 0 ,4 0 2 (0) 63,000
1 8 9 9 0 0 .... 812,778
228,582
142,180
A nnua i. R e po r t . R eport for 1900-01, In V .73, p. 443, 1 003, showed:
RV. 71, p. 750; 9 0 8 ; V. 73, p. 1 1 5 7 .)
Gross, $2,198,739; ru t, $645,609; other Income, $13 ,38 9 ; interest
A l b a n y A* N u * < ] i i c l i a n n n It 1C.—(Sec Map Delaware < TDtdson.)e
on bonds, $285,582; Income tax, etc., $27,249; balance for stork,
Ko ad . Owns A lbany, to Binghamton, N. Y x 142 miles, Leases,
#
$346,165; dividends on stock of American Co. (8 per cent), $249,405.
(JoblcskUl, N. Y., to Cherry Valley, 21 miles, practically ow ned by
—
“(V. 69, p. 1.05 8; V, 71, p« 601, 0 4 I, 1218; V .7 3 , p. 443, 1 0 0 8 .)
D. fa If.; total operated, 103 miles.
A l a b a m a JTI <11a n d R y . —
-See Atlantic Coast Lino UR.
LEASED for 1*0 years from Feb., 1870, to Delaware d H u d so n Com
r,
A l a b a m a N e w O r le u n * T o < V P a c i f i c J u n c t i o n U a l l puny. Lessee guarantee® 7 p . o. per annum on stock i.lll A Ibany City loan
w n y» d o . ( y r n i t e c l . ) —This is an English com pany controlling A la
fo r $ 1 ,0 0 0 ,0 0 0 In p a id by sin kin g
thereafter 9 j>. 0. (Hee w o r d in g
name fa Vicksburg, 143 m iles; Vicksburg Shreveport fa Pacific, 189 o f guaranty in V. 56, p. 774.) Tills Indebtednoss will he extinguished
m iles; Now Orleans & North Eastern, 196 miles.
July 1 ,1902. Ft rst semi-an nmvl dividend of 4*9 p .c , will bo payable
8 W TTR ks jO WN &D - A1 , <. Vlrksb. $30,000 1st m o r t ., $387,700 2d Jan. 1, 19 03 . V. 74, p. 475,
O TTI
a V
M., $141,100 consol. 1st M. and $53 1,500 stock; V. H fa V.. $1,380,,
ANNUAL REPORT. Warnings for years ending June 3 0 :
OOO gen. M., $ 2 ,0 8 0 , 100 p f and $2,773,500 c o m . stock ; V. 8. A, Pac.
Gross,
Net over taxes. Ren tals,
Hal., nun.
RFt (land grant) bonds, $1,301,000; N. O, fa N. E., $1,900,000 1st, M.
1900 0 ! ........................$4,850,205 $2,524,129
,059,364 $1,404,705
and $ f,320,000 stock (but see V. 74, p. 678); H W. Construction C o.,
.
J h99-00...................... . 4,803,240 2,535,029
I .050,033 $1,478,997
$448,700 stock*
(V. 71, p. 390. 1006; V. 72. v. 987; V. 73, p. 337; V. 74, p. 1088.)
S
INVESTORS’
8
SUPPLEMENT,
[V O L. L X X V ,
hands—Prilic iINTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
Par
of
of
Rate per When Where Payable and by Stocks—Last
F o r explanation o f column headings, &c., see notes
Road. Bonds Value. Outstanding Cent. Payable
Whom.
on first page o f tables.
Dividend.
RAILROADS.
Allegheny Valley—1st M., guar. Penn. R R ..............o
Mort. to State Pa., $100,000 due Jan. 1, yearly, .r
Gen. M. ($20,000,000) g., guar. v.& i. F P i.x.c*& r
Allentown RR. (leased to Phila. & Reading R y .) ..
Allentown Terrn'l—1st M., guar. p.&i.(end.)g.Ce.xo*
A nn Arbor—1st mort., $7,000,000, gold.H Ip x ...c *
Annapolis Washington d Baltimore.—Stock....... .
Arizona d Utah—1st M., $600,000, g o ld .C o ......c *
A rk. Val.d W —1 stM .($3,500,000),(red. text.SSt.e*
Ashland Goal d Iron—S tock .......................................
1st refunding mortgage, $400,000 gold.N — ..
Atch. d East’n Bridge—lex, M.g.,8. f., red., te x t.C e .
A tc h is o n T op eka & Santa F e R y .—Stock, com ..
Stock, preferred, $131,486,000, 5 p. o., non-cum..
Chic. & St. Louis 1st M. ($10,000 p. m.) c u r .F ..c
Chic. Santa Fe & Cal., 1st mort., g o ld .R B ..c * * r
General m ortgage, gold, see te x t............Un.o*<fer
AdJ.ino. M., cum. from July 1 ,1 9 0 0 , g., C e.c'& r..
Deb,, g., $2,500,000 due yearly; call at 105 G . e&r
Hutch. & So., 1st M., g „re d . 105 aft. 1907.O B .c *
S. Fr.& San Jo. V al., 1st M .,g.,callaft.l915.1?Ie.o
Atlanta d Charlotte—Stock (see te x t)..........................
Pref. M. (old 7s ext. in 1897), see V. 64, p. 286.C*
IstM . [voting power, 10 votes for each bond] onr.T
Incom e bonds (not cum.) extended in 1900..........
Allan. Rnoxv. d No. R y —1st M., $1,000,000, g ..C e
Consol, mort., gold, $10,000 per m ile .U s ............
Atlanta d West Point—Stock.........................................
Debenture certificates...............................................
Atlan.dBirm ingh.—IstM ., $1,400,000, g.,text.F.o*
Atlantic City—Is tM ., $ 2,200,000,g o ld ...G n P .io *
A tlantic City purchase money m o r t .o P ..............
a Originally Nov. 1. In June, 1902, interest on
259
259
259
" 3
292
20 hi
25
1870 $ & £
1870 100,000
1892
1,000
50
1,000
1*889
1,000
1895
100
1,000
1*899
1902
1,000
1,000
1900
1898 500 &o.
100
7,86*0
100
1,000
i*42 1885
1887 l.OOO&C
7.380 1895 500 &o.
7.380 1895 500 &0.
1902
1,000
1,000
i*42 1898
1,000
375 1896
100
269
1,000
265*2 1*877
1,000
265*2 1877
500
1880
223 1896
1,000
228 1902
100
86
1,000
1*881
1,000
*71 1900
1,000
83 1889
1,000
1900
$20,6 73,000 hadbee
*22
A l b a n y Sc V e r m o n t R R . —Owns road from Albany to Water*
ford Junction, N. Y ., 12 miles, Leased to Rensselaer & Saratoga in
1860 and now operated b y D. & H. Canal Co. Annual rental, $20,000.
A l g o m a C e n t r a l R y . —V. 70, p. 1248; V. 72, p. 480; V. 73, p. 1110.
A l l e g h e n y & W e s t e r n R y . —(See Map Buff. Roch. < Pitts.)—
6
Punxsutawney to Butler, Pa. (about 60 miles), opened Sept. 4 ,1 8 9 9 .
A n extension o f Buffalo Rochester & Pittsburg, to which leased in
perpetuity for guaranty o f bonds and 6 p. c. on stock. Uses Pitts.
& West, from Butler to New Castle and Pittsburg under a trackage ar
rangem ent, making in all 135 miles. See application to list in full, V.
70, p. 849.—(V. 70, p. 840, 8 4 9 ,1 2 4 8 ; Y. 71, p. 501; Y. 74, p. 774.)
A l l e g h e n y V a l l e y R a i l w a y . —Owns from Pittsburg to Oil City»
P a., 133 m iles; R ed Bank, Pa., to D riftw ood, 110 m ; others, 18 miles.
Organization, &c.—Reorganization March 1 ,1 8 9 2 , o f the Allegheny
Valley Railroad, foreclosed per plan in V. 53, p. 324,368, 5 2 0 ; V.
54, p. 409,524. Road controlled by the Pennsylvania RR. Co. as ma
jority stockholder, owning $9,653,800 of the $10,544,200 com m on and
$11,876,656 o f the $17,172,750 o f 3 p. o. cum ulative preferred stock;
authorized issues $12,000,000 and $18,000,000, respectively, in $50
shares. W ording o f pref. certificate was in editorial of Supplement
o f Oct. 3 0,1 89 7 , p. 3. Road was taken over under lease b y the Penna.
RR. Aug. 1, 1900, for 20 years, rental being the net earnings.—V. 70,
p. 27; V. 72, p. 491.
B onds .—General mortgage is guaranteed b y Penn. RR. b y endorse
ment on each bond. Real estate mortgages, Jan. 1 ,19 02 , $589,065.
Report for 1901, V.74, p. 934, showed: Gross, $3,783,963; net, $1,398,443; other ino., $91; int., taxes, etc., $1,144,738: bal., but., $253,7 9 6 all applied to improvements. - (V . 72, p. 674; V. 74, p. 829, 9 3 4 .)
A l l e n t o w n R R . —T op ton to K utztown, Pa.,4*2 m.; Reading system
A l l e n t o w n T e r m i n a l R a i l r o a d . —Owns 3*2 miles o f railroad in
Allentow n Pa., connecting the East Penn. (Philadelphia & Reading)
with the Central o f New Jersey. Leased for 999 years to Philadelphia &
Beading and Central o f New Jersey (by assignment from Lehigh Coal &
Navigation Co.) at interest on bonds and 5 p. o. on $450,000 stock (par
$50), bonds being guaranteed, principal and interest, by Philadelphia &
Reading (foreclosed) and Lehigh Coal & Navigation. The Phila. &
Reading Ry. Co. in 1896 assumed the Reading’s share o f the old lease,
A l p e n a G a y l o r d Sc W e s t e r n R R . —V. 73, p. 956.
A n n A r b o r R R . —(See Map.)—Owns road from Toledo, O., north
westerly to Frankfort, on Lake Michigan, 292 miles; operates car
ferries between Frankfort, Mich., Kewaunee and M aintowoc, Wis.,
and Menominee and Gladstone, Mich., and Manistique, Mich. The
Pere Marquette uses the Toledo terminals.
Organization.—Successor N ov. 1, 1895, to Tol. A nn A rbor & Nor.
Mioh., foreclosed under Quintard Lawrence p l a n in V. 59, p. 782. In
May, 1902, a syndicate closely identified with the Gould interests pur
chased control and the road will be used as a feeder for the Wabash
Ry. V. 74, p. 1088.
Stock .—Common, $3,250,000; preferred, $4,000,000; 5 p. o. noncumulative par o f shares $100. Pref. stock certificate in editorial in
Su pp . Oct. 30,1897, p. 3,
B onds , E tc . - T he first mortgage (trustee, Metropolitan Trust Co.
N. Y.,) covers entire property, including terminals and freight boats
Floating debt June 30,1901, bills payable, none; current liabilities.
$263,883; cash and current assets, $497,534.
E a r n in g s .— 11 mos., >1901-2......... Gross, $1,746,783; net, $496,750
July 1 to May 31. $1900-1......... Gross, 1,616,665; net, 418,259
A nnual R eport.—Report for 1900-01 was in V. 73, p. 493, sh ow in g:
I ear end June 30—
1901.
1900.
1899.
1898.
Gross earnings............$1,754,148 $1,721,453 $1,519,334 $1,415,560
Operating expenses.. *1,309,163
1,324,620
1,172,390
1,026,106
Net earnings........
Deduct—In terest.......
Taxes...................
$444,985
281,331
49,733
$396,833
283,805
46,003
$346,944
288,803
40,153
$389,454
287,137
39,725
Balance, surplus.. $113,921
$67,025
$17,988
$62,592
•Operating expenses in 1901 nclude $178,614 expended fo r new
property and improvements and smaller amounts in previous years.
D i r e c t o r s include: President. W. R. Burt; J. Edward Simmons,
Franklin B. Lord, H. W. Ashley, eto.—(V. 74, p. 1088.)
A n n a p o l i s W a s h i n g t o n Sc B a l t i m o r e R R . —Owns road from
Annapolis to Annapolis Junction, 20*2 miles. Controlled by the Balt.
A Ann. Short Line, which owns the stock. (V. 64, p. 1223.)
Drv’ S— ( ’ 89. ’90. ’91. ’92. ’93. ’94. ’95. ’96. ’97. ’98. ’99. ’00, ’01, ’02.
R atep .o. $ 4 4*4 534 6% 5*2 6-36 4*a 4*4 3 4*4 4*4 5 4*2Jan.,4
E a r n in g s , — 11 months,
>1901-2.........Gross, $76,506; net, $27,256
July 1 io May 31.
$1900-1..........Gross, 59,<i58; net, 18,863
R eport .— For year ending June 3 0 ,1 9 0 1 , gross, $66,089; net, $20,152. In 1899-0, gross, $72,184; net, $22,033; dividends, $21,480; balsurplus, $5,530. Pres., J. W ilson Brown, Baltimore. (V. 65, p. 410.)
A r i z o n a Sc U ta h R y . —Owns McConnico to 3*2 miles beyond
Chloride, Ariz., 25 miles, opened Aug. 18, 1900; trackage, Kingman
to McConnico, 4 m iles; total, 29 miles. Extension from Chloride to
St. Thomas, Nev., about 82 miles, is expeoted to be constructed in 1902.
Stock, $600,000; outstanding January 10, 1901, $467,000; par,
$100.
Of the bonds $334,000 were issued on first 25 miles,
and balance is to be issued on com pletion of remaining 25 miles.
$9,998,000 6 g. or 7 A. & O. Phil., Pa. RR. Co. &Lon. April 1, 1910
5
700.000
J. & J. Philadelphia,Pa. RR.Co Jan. 1 /0 3 , etc.
Mch. 1, 1943
5.992.000
do
do
M. & S.
1,268,884 incl. f i , 071,400 under Reading Co.mort. o f 1896.
450.000
4 g. J. & J. New Y ork and Phila. July 1, 1919
7.000. 000
4 g. Q .- J . N.Y., Metropol. Tr. Co. July 1, 1995
See text.
358.000 See text J. & J. Stk.own.by B.& A.Sh.L.
334.000
6 g. A. & O. N. Y., Contin.Trust Co. Apr. 1, 1929
See text.
J. & J. New York and St. Louis. July 1, 1952
4
773,500 See text. Q .-M . Check from Co.’s office Jn’e 20/02,4*2
300.000
M. & N. N. Y., N. Y. Sec. & Tr. Co. May 1, 1925
A g.
600.000
4 g> J. & J. N. Y., Cent’l Trust Co. July 1. 1928
102,000,000 See text. J. & D. Checks mailed fr. N. Y. June 2,1902,2
do
do
114,199,530 5 in 1902 F. Sc A.
Aug. 1 ,’ 02,2*3
6 our M. & S. N. Y ., 59 Cedar Street, Mch. 1, 1915
1.500.000
Jan. 1, 1937
do
do
629.000
J. & J.
gOct. 1, 1995
do
do
138,727,500
4 g - A. & O.
July 1, 1995
do
do
51,728,000
See a
f g.
Feb., 1903-14
New York.
30,000,000
4 g - F. & A.
J. & J. Atch. off. ,59Cedar,N.Y. Jan. 1, 1928
195.000
g
<
6.000. 000
5 g. A. & O. Union Tr. Co., San Fran. Oct. 1. 1940
1.700.000 6*3 i n ’ 0 1 M. & 8. N. Y.Cent.Tr. Co. ,54Wall Mch. 6 ,’02, 3*3
Jan. 1, 1907
do
do
A. & O.
4
500.000
Jan. 1, 1907
do
do
4.250.000
7 c. J. & J.
Jan. 1, 1907
do
do
A. & O.
4
750.000
1,000,000
5 g. J. & D. N.Y., Man. Co., 40 Wall. Deo. 1, 1946
Mar. 1, 2002
New York.
See text.
4 g. M. & S.
July 10, ’01, 3
Atlanta, Ga.
1.232.200 6 in 1901 J. & J.
Co’s option.
do
do
J. & J.
1.232.200
6
500.000
5 g . J. & J. W aycross, Ga., and N. Y. July 1, 1920
2.200.000
5 g. M. & N. Phila., Read. Ter. Bldg. May 1, 1919
Apr. 1, 1930
do
do
75,000
4*2 A. & O.
V .7 0 , p. 944.
n stamped p ayable M . & N .
1
1
The loan is not subject to call as an entirety, but a sinking fund w ill
retire at 110 (drawings by lot) one per cent semi-annually, commenc-;
ing June 1, 1903. F or year ending June 3 0,1 90 1 , gross. $36,125;:
net, $12,946; charges, $20,040; balance, def., $7,094. President, F. L.
U nderw ood; Sec. and Ureas., R. H. Eggleston. 31 Nassau St., N. Y .
A r k a n s a s Sc C b o c t a w R y . —Projected from Hope, Ark., to A rd
m ore, I. T., 223 miles, o f which 95 was com pleted in July, 1902, and
balance to be at end o f year. The St. Louis & San Francisco purchased
control, taking possession July 10.—(V. 75, p. 76.)
A r k a n s a s S o u t h w e s t e r n R y . —Smithton to Pike City, Ark., 34
miles; branch, Gurdon Jet. to G agetow n, 28 miles, opened Oct., 1901;
also in Oct., 1901, acquired Ultima Thule Arkadelphia & Mississippi
R y., Daleville to Camptown, 43 miles; total, 105 miles. A reorganiza
tion o f the Southwestern Arkansas & Indian Territory Ry., sold in
foreclosure Mar. 13,1900. V. 70, p. 532, 895. In March, 1901, sold
to new owners. F or year ending June 3 0,1901 (34 miles), gross, $49.202; net, $5,805; total deductions, $1,577; bal.,su r„ $4,228. President,
William Grayson, St. Louis, Mo.; Secretary, George H. Grayson.—(Y.
70, p. 895; V. 73, p. 1060.)
A r k a n s a s V a l l e y Sc W e s t e r n R R . —To extend from a poin t on
the St. Louis & San Francisco between Sapulpa and Tulsa, I. T., north
westerly to Enid, about 140 miles, with branches. Incorporated Jan.
31,1 90 2 . 8tock authorized, $3,500,000. Bonds are subject to call at
105 and interest on and after July 1 ,1 9 1 2 , or at any time at par i f
an extension is arranged at a low er rate o f interest. President, J. P.
W oolsey; Secretary, John B. Linden.—(V. 74, p. 1194,1354.)
A s h e v i l l e Sc S p a r t a n b u r g R R . —See Southern Railw ay
Carolina Division.
A s h l a n d C o a l Sc I r o n R y . —Ashland to Straight Creek Junction,
K v., 22 m. Ches.& Ohio has trackage over this road. The mining inter
ests were in Jan., 1902, transferred to A shlandlron & Mining Co., stock
b ein gredu cedfrom $l,547,000to$773,500. B on ds,seeV .71,p .27. Year
ending March 1, 1900, gross, $385,512; net above interest, im prove
ments, eto., $332,093; in 1898-9, gross, $111,674; net, $59,780. Divi
dends in 1895-96 4 p. c.; 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
1*2 p. d. Q M). and in June, 1902, 3 p. c. extra.—(V. 71, p. 27; V. 74, p.
’ 93, 1307; V. 75, p. 76.)
A s t o r i a Sc C o l u m b i a R i v e r R R . —Goble to Seaside, Ore., 79
miles; branch, W arrenton 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 ,1 9 9 6 , interest F. & A., issuable at $40,000 per m ile ; outstanding,
$3,280,000. Central Trust Co., Trustee. Year ending June 30, 1901,
gross, $232,426; net, $84,587; charges, $163,818; bal., def., $79,231.
Pres., A. B. Hammond, A storia, Ore.—(V. 67, p. 426.)
A t c h i s o n Sc E a s t e r n B r i d g e . —Owns railroad and wagon bridge
at Atchison, Kan., connecting with the union station. Used b y the
Atoh. Top. & Santa Fe, the Chio. R. I & P., the Mo. Pac. and the Chic.
Burl. & Quin. A reorganization o f the Chic. & Atch. Bridge Co. fore
closed 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, 1901, gross, $97,884; net, $77,476;
charges, $32,702; sinking fund, $5,501; renewal o f superstructure,
$39,704. President and Treas., H oward P. Eells, Cleveland, O.—(V.
67, p. 578.)
( T h e ) A t c h l s o u T o p e k a Sc S a n t a F e R a i l w a y .—(See M ap)—
The system operated July, 1901, com prised 7,809-76 miles of
railroad, and embraced an unbroken line o f track from Chloago,
111., via Kansas City, Mo., and Albuquerque, N. M., to the Paoiflo Ocean;
also to Galveston, Tex., and the Gulf o f Mexico.
O r g a n i z a t i o n .— This com pany was organized on Dec. 12, 1895
under the general laws o f Kansas, by the purchasers at foreclosure
sale o f the property and franchises o f the Atchison T. & Santa Fe RR.
Co. in accordance with a reorganization p l a n . (V. 6 0 , p. 6 5 8 .)
The railway com pany in Dec., 1901, owned in fee 4,668 miles o f the
system, including the line from Atchison to the western boundary of
Kansas, 471 miles, and also all, or nearly all, the bonds and stocks o f
the various companies in which the title to the other lines is vested. V.
68, p. 974. A list o f such holdings is in the general mortgage (in V.62, ]
ee V.69, p. 1&00; V.71, p. 27'.
732, 733, and successive annual reports)
For operating and statistical purposes the systemis divided as follow s;
Miles.
Atchison T. & S. F ............ 4,818'08 Santa Fe Paoiflo................ 875-30
fe
Gulf Colo. < S. F ................1,177-81 S. F. < San Joaquin Yal... 372-48
fc
Southern California.......... 487-37 South. Kans. Ry. of T e x .. 129-17
Total of all......................................................................................... 7,860*21
San Franoisoo & San Joaquin Valley Ry. (operated from July 1,
1900, and merged in June, 1901) embraces 373 miles of road ana
affords the Atchison an independent connection o f its own to San
Francisco. V. 68, p. 426; V .67 p. 841,1355; V .7 1 ,p .6 0 5 ; V. 72, p. 1134.
In Aug., 1901, the Eastern Oklahoma Ry. was incorporated to build
14 liu esln Oklahoma, in all 815 m., 225 being under construction Jan.,
1902. V. 73, p. 736; V. 74, p. 150. In June, 1902, control of the Cal
ifornia & Eastern Ry., Blake to Manvel, C a l, 45 miles, was purchased.
In July, 1 902, it was proposed to build at once from Portales, on the
Pecos Valley, to Albuquerque, New M exico, form ing a cut-off which
will shorten the main line to the coast by about 200 miles. V .75,p.28.
3
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.RAILROAD
J u l y , 1902.]
STOCKS
AND
11
BONDS
Bonds—P rinci
IN TEREST OR D IV ID EN D S.
pal, When D ue,
Miles Date Size, or
A m ount
R ate per When W here P ayable, and by Stocks—Last
of
Par
of
jpor explanation of colum n headings, etc., see notes
Outstanding
Whom.
Cent. Payable
R oad Bonds Value.
Dividend.
on first page o f tables.
R A ILR O A D S.
66
Atlan. City—(Con.)—
C., p r .lie n M .($350,000) g.
....
Camden County 1st m ortga ge..................................
A tl. City 1st con. M., $4,500,000, g., P.& i.g u .G P
__
Atlantic Coast L in e C o.{Conn,)—Stock, $30,000,000
Ctf s. of indebt., inc., non-cum ., $6,000,000.r.S B a .
do
do
do
red. a t l0 5 a ft ’r 2 0 y r s .S B a
___
A t la n , C oast L i n e R R —Stk., com m on .......... ......
___
Class “ A ” com . stk. tax exem pt (Rich. & Pet. ctfs.)
Preferred stock, 5 per cent, $20,000,000...............
Certs, o f indebt.. $ 3.000.000.4 p. c. if earned
1st consol. M , $30,000,000, g., te x t. CN. ...o * & r 3,453
B onds U nderlyin g - 1 st C onsol 4 s.
No. E ast (S.U.), cons. M., g „ Flor. to Charlest’n .c 102
192
W ilm. Col. & A u g., 1st M., (Wilm. to C olum bia).
674
A t.C .L .of S.C., gen. 1st M., $8,000,000, g .S B a .o*
59
Petersburg M., class A , g o ld ....................................
59
Do
class B, g., (Petersb. to W eld on ).
23
Richm d & Petersb., 1st m ort. ($24,500 are 7s) ..
27
Con. M., g. (Rich, to Pet., e t c .j.C e ................... c*
W ilm. & WeL gen. M .($938,000 a re 4 s).S B a .g .* o 468
Y a d .D iv.,lstM .,g.(S a n .to W il.,N .C .& c.).S B a.c" 177
86
W il. & N ew Bern, 1st M., gold, a ssu m ed .S B a
08
A lb .& R a L ,lst M., g.,ass’d(R .M t.to P ly m .)S B a
110
Nor. & Car., 1st M. ,g. (P.Pt.,Va. to Tar.,N .C.). C e.c
102
2d m ortgage, gold. S B a ......................................c
545
Sav. F lor. & West. 1st M ., g o l d . M p .............. c*«fcr
St. John’ s R. 1st M., g., red. atjpar till ’0 5 -C i.c 5 130
Charleston & Savannah, gen. m o r t , g o ld .S B a .c 5 103
103
1st and 2d pref. inc., $1,000,000 each, non-cun
171
Bruns.<feW. 1st M. Bruns, to Albany, g., gu, TIp.c
175
A la. Mid., 1st M., g.<Bainb. to M ontgom .) M p.x<
75
Sil. Sp. 0 .& G., 1st M., g. (Ocala to In v. & b r .)€ i.c 5
—
Certs, o f indebt, fo r div. in 1887, non-cum ., in c
$350,000
I g39,000
1,000,000
......
4 in ’01
2
$100 10,000,000
5 cur.
5,000,000
1897 100 &c.
4
5,000,000
1900 100 (fee.
100 22,150,200 2 ^ i n ’01
1,000,000 2 *2. in ’01
100
100 18,850,000 5 in 1901
4
1900 100 Ac. See text.
1902 l,0 0 0 & c 31,034,003
4 g.
1898
1890
1901
1883
1,000
1880
1,000
1898
1,000
1,000
1881
1,000
1881
1875 500 &c.
1,000
1890
1885
1,000
1,000
1899
1,000
1897
1894
1,000
1,000
1889
1896
1,000
1884
1,000
1899
1,000
1,000
1886
1886
1,000
1888 500 &o.
1,000
1888
1,000
1888
100
—
S t o c k .— The p referred stock has preferen ce as to assets and nonoum ulative dividends n ot exceedin g 5 p. c. p er ann., as declared b y the
board o f directors out o f n et profits. N o other m ortgage and no
increase in the p referred stock can be m ade w ith ou t the con sen t o f a
m ajority o f all the p referred stock and o f all com m on stock re p re
sented at a m eeting. The tota l authorized am ount of p referred stock is
$131,486,000, o f w hich $10,800,000 is reserved to acquire other
lines; also $6,486,470 in special trust fo r im provem ents, exten
sions, etc. Pref. stock certificates in S u p p l e m e n t o f A pril, 1897, page
3. Common stock authorized, $102,000,000.
D i v i d e n d s .— On preferred, 1 p. c. paid Jan. 2 6 ,1 8 9 9 ; Ju ly 2 0 ,1 8 9 9 ,
1*4 p. c.; in 1900, 4 p. c.; in 1901 and 1902, 5 p. c. each (F.& A.). Div.
on com ., June, 1901, 1*2 p. c.; Dec. 2, 2 p. c.; 1902, June, 2 p. c.
B o n d s .— The Gen. M ort. ( A b s t r a c t V. 62, p. 731-739, see also V. 68,
p. 974) is to the U nion Trust Co o f N. Y. as trustee, and gives a lien,
either b y direct m ortgage or by collateral trust, on the entire system
o f 7,380 m iles of railroad ow ned, together w ith all the equipm ent and
terminals ow n ed by the com pany, and future acquisitions.
General m ort. bonds can never exceed $165,490,500, in clu d in g $ 96,990,500 issued in reorganization and rem ainder issuable as fo llo w s:
,---------Reserved,---------*
In 1895.
In 1901.
a T o retire guarantee fu n d n otes paid and car trusts at
657,000
6 g1,600,000
6
5,547,000
4 g.
868,000
5 g800,000
6 g.
340,500
6 &7
4 ^ g.
300,000
4,000,000 4 g . & 5 g .
1,800,000
4 g.
4 g500,000
500,000
4 g1,320,000
5 g.
400,000
5 gw
6,500,900 5 g.& 6 g.
1,500.000
4 g.
1,500,000
7 g7
0)
4 g3,000,000
5 g2,800,000
1,107.000
4 g.
7
(?)
A.
A.
J.
M.
J.
J.
J.
J
M.
J.
M.
& O.
& O
& J.
,
& s.
&
&
&
&
&
&
&
D.
J.
J,
J.
N.
J.
S.
& J.
& D.
J. & J.
J. & J.
, & O.
M. & N.
A. & O.
J. & J.
J. & D.
F. & A
J. & J.
A. & O.
,
J. & J.
A. < O.
fc
J. & J.
J. & J.
A pril.
J & J.
M. & N.
J. & J.
A. & O.
Philadelphia.
do
do
Baltim ore.
In 1902 paid 5 p. c.
In 1902 paid 4 p. c.
Treas. Of., W ilm ., N. C.
do
do
do
do
do
do
1st cou p .8 m os.M a r.r03
A pr. 1, 1948
A pr. 1, 1920
J u ly 1, 1951
Mar. 10, ’02,2*3
Irredeem able.
Ju ly 1 . ’0 2 ,2 %
Ju ly 1 0 /0 2 ,2 %
Ju ly 10, ’02,2%
May 1 5 ,’02,2*3
July, 1902, 2%
J u ly 1, 1952
N. Y ., C uyler M. & Co.
New Y ork & Baltim ore.
Balt., Safe D. & Tr. Co.
R ichm ’ d and Petersb’g.
do
do
R ichm ond, Office.
N. Y ., B row n Bros.
N .Y.,Balt. and W ilming.
Balt., S. Dep. & Tr. Co.
do
do
do
do
N. Y ., Central Trust Co.
Balt. Safe Dep. & Tr. Co.
New Y ork and Savan.
do
do
do
do
do
do
do
do
N. Y ., M etropol. Tr. Co.
New Y ork.
Jan. 1, 1933
June 1 0,1910
July 1, 1948
Ju ly 1, 1926
Oct. 1, 1926
M ay 1, 1915
A pr. 1, 1940
Ju ly 1, 1935
June 1, 1949
A ug. 1, 1947
Jan. 1, 1944
A pr. 1, 1939
Jan. 1, 1946
A pr. 1, 1934
J u ly 1, 1934
Jan. 1, 1936
Irredeemable.
Jan. 1, 1938
N ov. 1, 1928
July 1, 1918
Irredeem able
O f f i c e r s .— Chairman o f E x ecu tiv e Com m ittee, V ictor M oraw etz; E.
P. R ip ley, President; D. L. Gallup, C om p.; H. W. Gardiner, A sst. Treas.
D irectors.—Charles Steele, R . Som ers H aves, E dw ard J. Berw in, G eo. G.
H aven, J oh n G. M cC ullough, H. R iem an D uval, Thom as P. Fowler, V ictor
M orawetz, o f New Y ork : B P Cheney, Boston; Edw ard P. R ipley, B yron L.
Smith, Chicago; A n drew C. Jobes, H ow el Jon es, Charles S. G leed, T opeka;
E. D. K enna, Chicago.
O f f i c e .— 59 Cedar St. N ew Y ork .— (Y. 74, p. 1194; Y . 75, p. 28.)
A t l a n t a & C h a r l o t t e A i r L i n e B y . —(See Map Southern R a il
way System,)—Owns Charlotte, N. C., to Atlanta, Ga., 269 miles.
The operating con tra ct o f 1881 (made with R ichm ond & D anville)
was assigned to and accep ted b y the Southern Ry. Co. It requires
the paym ent o f interest on At. & O. debt and 5 p. c. on s t o c k ; if gross
earnings exceed $1,500,000, dividends to be 6 per c e n t ; and if they
exceed $2,500,000, 7 per cent.
D i v i d e n d s , > 1881 to ’ 89. 1890. 1891 to Mar., 1901,incl.
Since,
Per cen t— $ 5 yearly.
5^
6 yearly (M. & 8.) 7 y rly . (M.&S.)
E a r n i n g s .— F or yea r ending M arch 31, 1902, gross, $2,898,978,
against $2,686,193 in 1900-1. A pr.*l to A pr 30, 1 month, $229,669 in
1902; $213,680 in 1901. Pres., C. S. Fairchild, N. Y .—(V. 73, p. 553.)
A t l a n t a K n o x v i l l e & N o r t h e r n B y . —(S eeL .& N .M ap),—K n o x
ville, Tenn., to M arietta, Ga., 205 m ile s ; and M urphy to B lue R idge,
n ot exceeding $1,250 fo r each $1,000 o f old b o n d s ... $15,500,000 $2,801,000 25 miles; trackage, M arietta, Ga., to A tlanta, Ga., 20 miles.
b Non assenting bonds from reorganization o f 18c9
H i s t o r y .— A reorganization per plan in V . 6 2 ,p. 1040, o f the M arietta
($1,559,950, since reduced to $036,210)........................... 1,500,000
570,000 & N orth G eorgia, foreclosed. Stock, com m on, $3,000,000; preferred, 5
c Chicago < St. Louis 1st m ortgage 6s................................. 1,500,000
&
1,500,000
p er cent, $1,500,000, issued in 1901 in exchange for second m ortgage
For im prov’ts, term inals, second track, equip’t, etc.,
incom es, in A pr., 1902, the Louisville & N ashville acquired a m a jor
under carefully guarded restrictions at n ot ex ceedin g
ity o f the stock. V. 74, p. 775. Of the consol. 4s, dated Mar. 1, 1902*
$3,000,000 yearly, o f which n ot ov er $750,000 fo r ex ten
s io n s ............ ...................................... ......................................... 30,000,000 14,F00,500 $ l,0 0 0 ,c 0 0 are reserved to retire the first 5s, now lim ited to that
For acquisition o f A tla n tic & Pacific and oth er lines........ 20,000,000
7,326,500
am ount, the balance being issuable fo r general purposes.
The Adjustment Mortgage ( A b s t r a c t V. 62, p. 739) is to the Central
E arn in g s .—11 m onths, < 1901-2........Gross, $573,902; net, $217,426
Trust Co. as trustee. Interest is payable on ly out o f net earnings
July 1 to M ay 31.
(1 9 0 0 -1 ........ Gross, 439,628; net, 127,116
fo r the fiscal year up to 4 per cent and the rate is to be
R eport fo r year ending June 30, 1901, V. 73, p. 1109, show ed
determ ined on or before O ctober 15 in each y e a r ; interest
was non-cum ulative till July 1, 1900, and cum ulative thereafter. Gross, $482,592; net, $138,785: in t.,$54,42 L; im provem ents, $329,578.
Present issue is limited to $51,728,000, but when the $30,000,000 gen President (July, 1902), M ilton H. Smith.—(V. 73, p. 1311; V. 75, p. 28.)
eral 4s authorized for im provem ents as above have been issued (i . e.,
A t l a n t a & W e s t P o i n t B B . —Atlanta, Ga., to West Pt., Ga., 86 m.
not before June 3 0 ,1 9 0 5 ), $20,000,000 additional adjustment 4s may Ga. R R ., June 30, 1900, ow ned $494,500 stock and $388,900 deb. cert.
ne issued for the same purposes at not exceeding $2,000,000 in any one A belt line around A tlanta, 5 ^ m iles, is operated at rental o f 4 p. o. on
year, but only by a m ajority vote o f the adjustment bondholders. I n its coat, viz., $410,535 V. 71, p. 963; V. 73, p. 1354.
terest—In N ov., 1897, paid 3 p. c.; since, full 4 p. c. yearly.
D i v i d e n d s b e g u n in 1855 were for many years 8 p e rc e n t per annum.
San Francisco dt San Joaquin bonds m ay be draw n at 110.
From Ju ly 1, 1884, to J u ly, 1901, inclusive, 6 per cen t yearly, J&J;
The $30,000,000 debenture 4s o f 1902 w ere issued to pay for $13,- Oct. 1, 1899, 25 p. c. extra (V. 69, p. 590L
000,000 equipm ent ordered since July 1, 1901. and to co v e r the co st
In 1900-1 gross, $74 5,1 0 3; net, $255,009; other incom e, $ 3,8 33 ;
of securities o f Santa Fe Prearott < Phoenix, and construction o f new charges, $174,885 ; dividends, $ 73 ,93 2 ; surplus, $10,025. In 1899-0,
fc
mileage already made or authorized, am ounting to $5,000,000, and gross, $702,475; net, $267,705 —(V. 69, p. 590; V. 71, p. 963.)
additional equipm ent, term inal facilities and other perm anent im
A t l a n t i c A B i r m i n g h a m B B . — W aycross, Ga., to Fitzgerald,
provem ents made or incurred since July 1 ,19 01 , or hereafter to be in
curred. No new m ortgage on lines now owned can he issued unless p ro 71 miles. E xtension from Fitzgerald to Cordele, Ga,, 38 miles, com
vision is made for securing debentures thereunder. -S e e statement, Y. pleted, in A pril, 1902. U nder construction from Cordele to Montezuma,
74, p. 150, and official statem ent in Y. 74, p. 204, show ing respective- 30 miles, and Oglethorpe, and p rojected further to Talbotcow n ; also
projected Jrom W ay cross to the A tlan tic Coast at Brunswick or St.
positions of debentures and adjustm ent bonds.
Mary’ s, or both, about 85 miles. In O c t , 1901, it was voted ro extend
G e n e r a l IG n a n c e s .— Capital expenditures f rom date o f organiza the road northw esterly from Cordele, Ga., tow ard Birmingham, Ala.,
tion to sept. 3 0 ,1 9 0 1 , see V. 73, p. 1311 The com pany in Jan., 1902, about 124 miles, and from a poin t in M eriwether County, at or near
h sued $30,000,000 debentures, payable $2,500,000 yearly; see above. Warm Springs, about 75 miles; total to be 397 miles. Name was also
in 1901 dividends on com m on stock were begun. V. 73, p. 733
changed from Way cross Air-Lino R R.—V. 73, p. 899.
The total funded debt per mile of road July 1, 1901, was $25,283;
St o c k , Bonds , E tc .—Stock, $7,080,000; issued, com m on, $504,000;
interest charge, $1,024 — Y. 73, p. 734.
preferred, $700,000; par, $100. Of the bonds $150,000 are prior liens
L atest E arnings , - n > 1901 -2.Gross, $54,090,804; net, $23,394,700
subject to call after 5 years at 110 and interest. Balance above $500,~
moB.,July 1 to May 31. $ 1900-1.Gross, 49,857,388; net, 20,072,744 000 bonds shown in table above can on ly be Issued at $5,000 per mile
Deducting taxes and rentals, balance for interest in 11. months o f o f com pleted road o v e r 70 miles. Oar trusts, $28,380.
1901-2 wan $21,530/738, against $13.239,534
Road operated 7,853
L atest E arn ing s .—For 12 months ending June 30, 1902:
average miles in 1901-02, against 7.809 miles In 1900-1, the operations
12 moH.
Cross.
Net,
Charges.
Bal, su r.,
of the Han Fran. A Han Joaquin V alley R R ., 373 ratios, being Included
t.
1901-2..........................$147,470
$65,405
$25,000
$10,405
In both years
Estimated earnings for the fiscal year 1901-2 showed
1900 I
______
83,198
28,289
25.000
3,280
about 10 p ercen t on the com m on stock, less the proportionate amount
Year 1901-02 (aver, miles a b o u t 8 0 ),g ro ss,$147,470; n et,$05,405; in
of the principal and interest of the debenture bonds (about J Bi per terest on bonds, $25,000; balance, surplus, $40,405. Brest., W. G.
cent), or about S h pfjr cent. V. 7 1, p. 1 188J
Raoul, 1 Nassau St., New Y ork; Vice-Pres. A. (leu. Man. Geo. 1). WadStatement for 0 month ■ ending Deo. 31, 1901, w as in V, 74, p. 323, ley; Sec. A A uditor, W. J. Swain; office, W aycross, Ga. —(V.74, p. J138.)
ftbo wing : Gross, $30,876,250; net., $ I3,472,04 I , again t $ 1 1,01 1,272 ;
A tiiiiitlc C ity If 1C.—Camden to A tlantic City, 57 m. (double track);
taxes and rentals, $9 I5,K42 ; other Income, $153,1 f0 ; ini. olturges (in branches. 84 in.; W inslow .I unction, to Cape May, N. J., 8oa Isle C ity,
cluding adjustment bonds), $3,971,435 ; div. on pref. 2*g j>. c.), $2,854,- Ocean C ity ; total, 107 miles A consolidation In June, l o o i , per
845; dividend on corn. (2 p» c.), $2,039,110; bal., surplus, $3,8 13,055.
plan 111 OimoNlOLiC, V . 72, p, 1278.
STOCK, com m on, $2,025,000;
R e p o r t .— n n u a l meeting seconu Thursday in Decernher. R eport
A
preferred, $1, 000,000 (par, $50). The Reading Oo. owns the greater
for year 1900-01 was given in V. 73, p. 718, 734; see also page 700. part o f the stock, and guarantees the mnv consol. 4 h, principal and
A verage freight train load, 242 tons In 1,000-01, against '221 in i 399 O. interns!.
Of the latter, $3,500,000 arc reserved to retire the old
bonds shown in table above and $75,000 real estate m ortgages and
Years end. June 30— 1001.
1900
1899.
1898.
for im provem ents, 8ee V. 73, p. H I.- (V. 73, p. 31, 811.)
A ver, miles operated
7,807
7,311
7.033
0,030
Gross earnings.........$54,474,822 $40,232,078 $40,5X3,400 $39,21 1,101
A t l a n t i c C o n st L in e < !o . ~ .(See Map*) -'O rganized
May 29.
Operating expenses 32,202,940 27,521,499 27,000,081 28,500,330
1689, under the laws o f ( 'onneetlout, and own s a m ajority o f capital
stork and a large amount of the bonds In a system o f railroad oomNet earnings... $22,211,870 $18,710,579 $12,900,818 $10,707,705 iiardoB denominated Tor convenience the A tlantic (-oast Nun Bystem.
Tim system Includes about 4,000 miles as follow s In addition to a half
1900-01.
IH O 00,
O1,000-01.
1800 no.
Net earniTiurs.... $22,31 L870 $18,710,570 Taxes, etc...... $2,260,005
$ 1,802.028 interest in leas© o f Georgia. HR. system (015 miles) Required In July,
832,667
260.820 Interest............. 7,880,- 1 1
Other income__
7. 15,107
1899, from the Louisville »V Nashville and u sixt h Intercut In the Rich
Oo. f 115
Mopt., 1901. V, 78*
*, Net income,...$22,644,433 $18,077,800 Bal.,surp.,. .$12,474,677
...... ,
$0,780,804 m ond Washington 5, 5 9 1 .7 4ruilcs). purchased in the Bavanuah Florida
p. 403; V. 09. p .38
8 . On Jid v I. 1902,
Dividend on preferred atonk...............................................(&£)&,70H,fUK) (2& )2,130,560
S Western Ry. (1,005 miles) W Consolidated with the A tlantic Coast
r
AH
Dividend on common stock................. .................. .
o,.j u
.;
.......
Lino RR., the sororities held by 1ho Plant 1 vent merit Co. being d eliv
.
4i
Balance, surplti* for year................. ............................ ..$.* ,280,606
$0,500,788 ered at the same time. V, 74, p. 771.
INVESTORS’
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SALVADOR
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at:
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Concha 5
&
J u l y , 1902.J
KA1LBOAU
STOCKS
AND
BONDS
13
Bonds—Princi
RAILROAD8.
INTEREST OR DIVIDENDS.
pal,When Due.
Miles Date Size, or
Amount
of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, &c., see notes
Road. Bonds Value.
Cent. Payable
Whom.
on first page of tables.
Dividend.
Atlantic Coast Line RR.—(Concluded.) ....
6
M. & N.
. . . . $1,000
8Decial trust certificates..........................................
1937
(?)
1,000 $3,925,000
All. <£Danv.—lstM .,g.,$4,425,000,int.rental.fiIe.c* 278 1900
4 g. J. & J N.Y., Mercantile Tr. Co. July 1, 1948
....
___
Check from Co.’ s office. Sep. 1 5 /9 9 ,2%
100
1,797,200 2 in 1899
Atlantic <t No. Carolina—8tock, $1,800,000.............
....
6
1,000
325,000
J. & J. Balt.,Nl.F’rm’rs’ &P.Bk July 1, 1917
1st mortgage, $325,000. .file B a .............................
1887
. . . . £&$100
6
M. & S. London and Portland. M ch.,1902,3%
5,484,000
Atlantic < St. Lawrence—Stock, 6strental Grand TFb 172
&
1,000
1,282,000
Atlantic Valdosta < TF.—1st M.,g., red. a tllO .C e.c* 118 1899
£
5 g. M. & 8, N. Y., Central Trust Co. Mch. 1, 1939
....
5
Savannah, Ga.
July 5 , ’ 02, 21*
Augusta < Savannah—Stock 5% rental Central G a..
6
53
$100
1,022,900
J. & J.
85 1894
Auausta No.—1st consol. M., g o l d ............... ..C e .x c
n400,000
1,000
5 g. J. & D. N. Y ., J.P. Morgan & Co. Deo. 1, 1924
....
....
3L) J. & J. N ew Y ork, Erie RR. July 1, ’0 2 ,134
Avon Oeneseo & Mt. Morris RR.—Stock (see te x t)...
100
225,000
....
....
Bald Eagle Valley—Stock, $2,600,000.......................
50
10
F. & A.
Feb. 1, ’ 02, 5%
1,535,000
93 1880
1,000
6 our. J. < J. Phila.,F.Ins.Tr.&8.Dep. Jan. 1, 1910
1st M. orig. $400,000 (s. f., drawn at 1 0 0 )...F P x r
312,000
fc
...
Baltimore <&Annap.S.L.Stock, com m on...... .........
...
*
100
358,000 7 1 i n ’ 02 J. & J.
Baltimore.
July 1, ’02, 3i*
IstM . $400,000, g.,su bj.to c a lla t llO ..,..fife B a *
1,000
28 1898
334,000
5 g. J. & D. Balt., A. Brown & Sons Deo. 1, 1923
1894
Baltimore Chesapeake < A Wan.—1st mort., goldAo*
&
88
1,000
1,250,000
5 g. M. & S. Phila., Broad St. Stat’n. Sept. 1, 1934
3 1879
Balt. & Oumb Val. Ry.—1st m ort., interest rental.
500
48,500
6
J. & J. Balt., Farm. & Meo. Bk. July 1, 1929
do
do
July 1, 1929
Balt. < Gumb. Val. EE —1st mort., interest rental
6
5 1879 100 &c.
6
72,800
J. & J.
....
50
....
do
do
July 1, ’ 0 2 ,3i*
Balt. < Oumb. Tal. RR. Exten. Stock, 7 p. c.,guar.
&
270,000
J. & J.
7
27 1881
1,000
230,000
do
do
July 1, 1931
1st mortgage, interest ren ta l.file B a ................. .
6
J. & J.
32 1886
1,000
do
do
Nov. 1, 1936
Baltimore & Harrisburg E E.—M., gold file Ba.O*
690,000
5 g. M. & N.
do
do
1stM.West.Ext. ($16,000 p. m .),g .,g u .file B a .c *
15 1888
1,000
5 e. M. & N.
May 1. 1938
240,000
__
B a ltim o r e & Ohio—Common stock, #100,000,000 ___
100 75,996,200 4 in 1901 M. & S. Co.’ sOfflce,2Wall8t.N.Y Mch. 3 ,1 9 0 2 ,2
....
Pref. stock, 4 p. o., non-cum, auth. $60,000,000..
100 59,361,267 4 in 1901 M. & S.
do
do
Mch. 3, ’02, 2%
July 1, 1925
do
do
Prior lien mort., gold, not subj. to call.file..e*<5sr 1,017 1898 500 &o. 71,000,000
g.
IT
1st m ort., gold, red., at 105 after 1923.TJs..c*&r 570 1898 500 &e. 67,500,000
do
do
July 1, 1948
4 g.
§
Southwest’n Div. Is tM ., $45,000,000, g.F..o*& r 921 1899 500 &C. 43,000,000
July 1, 1925
do
do
3i* g.
IT
*
Pitts. Jc.& Mid. Div. ($20,000,000) 1st M.g.Ce.o*&r 37R 1898 500 &o. a 6,175,480
do
do
Nov. 1, 1925
31* g.
Nov. 1, 1941
P. L.E . & W .V Sys. ref.,g.,red.l0 0a ft.’ 25 C n .c 'A i 1,633 1901
1,000 20,000,000
do
do
4 g. M. & N.
....
Conv. deben., $15,000,000, gold, red., see te x t...
1901
1,000
do
do
Mch. 1, 1911
6,541,000
4 g. M. & S.
B onds U n derlying 1st mort. 3 ^ per cent.
Loan, 1853, extended in 1885, gold . . ..................
380 1853 500 &o.
N. Y ., Speyer & Co.
Oct. 1, 1935
118,000
4 g. A. & O.
....
P itt.& C onsist M „ext. in 1896 in gold ....................
1868
1,000
69,000
4 g. J. & J. N. Y. Office, 2 W all St. July 1, 1946
B onds U nderlying Southw estern Dry. 34*8.
—
Various.
B. & O. 8. W. EE., etc............................................ o*
....
32,000 Var., g. Various N. Y ., Farmers’ L. & Tr.
....... ___*-----------------------------------------------------------------2--------------------------------------------------------------------------------------------------------- -------------------------------------------------------------- -- ----------------------------------------------IT Coup., J.-J.; reg., Q.—J.
§ Coup., A .-O .; reg., Q.-J.
* Coup., M.-N.; reg., Q.-F.
a In addition $7,635,050 are pledged as part collateral for the Pittsh. L. E. & W. Va. System 4s.
b Also $475,000 additional unguar’ t’d.
Company—if See this Co.
Miles.
Company—
Miles
Atlantic Coast Line RR.ff 3,549 Chas. & Western Carolina....IT 342
Central South Carolina ___
40 Other lines................................. 50
S t o c k .—A s to rights of certificates o f indebtedness, see editorial,
Oct., 1897, Su p ., page 3.—V. 65, p. 564; Y. 71, p. 1310. In Nov., 1898,
stock was increased to $10,000,000, the additional $5,000,000 being
distributed as a 100-per-cent dividend.—V. 67, p. 954. In Decem ber,
1900, were distributed $10,000,000 4 per cent certificates of indebted
ness (including $2,500,000 of A tlantic Coast Line EE. Co.) as a 100-p c.
dividend to represent the profits from the consolidation by which the
Atlantic Coast Line ER. was formed, $2,500,000 of which were pur
chased in the open market in Sept., 1901.—Y .71, p. 697; V. 73, p. 493.
As to securities pledged to secure equally t t e certificates of indebted
ness of 1897 and 1900, see V. 71, p. 1310.
C a s h D i v id e n d s , 5 18 9 5 . 1896.1897. 1898. 1899. 1900. 1901 19 02 .
Per cent—
( l1
*
3
3 J*
4 4 i*
5
4 3 Mar.,21
a
*
Full interest has been paid on the certificates of indebtedness to
1902.—(V. 71, p. 1218, 1310; V. 73, p. 493, 899; Y. 74, p. 726, 829.)
A t l a n t i c ( ’o a s t L i n e R R , - (See M a p .}—Operates from Rich
mond via Charleston, Savannah and Jaeksonvillejto Port Tampa, Fla.,
with numerous branches, to Norfolk, Ya., Wilmington and New Bern,
N. C., Brunswick and Albany, Ga., and M ontgomery, Ala., etc.
Lines owned.
Miles.
Lines owned.
Miles.
Richmond, Ya., to Port Tampa,
Dupont Jet. to Inverness, Fla. 247
F la.............................................. 898 Branches, etc............................1,269
Norfolk. Va., to South Rooky
Leased—
Mount.........................................115 Central RR. o f 8. Carolina—
Contentnea to W ilm ington___105
Lane to Sumter, S. C ..........
42
Florence, S. C., to Robbins.......138 Other lines................................
37
Sumter to Columbia.................... 43
Trackage—
Wilmington. N.G.,to 8 a n fo rd .ll6 Robbins to Augusta, Ga., etc.
57
Jesup, Ga., to Montgomery,
A la ............................................. 353
T o ta l...................................3,589
Brunswick, Ga., to A lbany___169
Also owns one-sixth Interest in the Richmond-W ashington Co. and
one-half interest In Atlanta (Ga.i Belt Line Co., 5** miles. Leases,
.jointly with the Louisville & Nashville RK., the Georgia RR., which
operates and controls 624 miles.
O r g a n i z a t i o n — .Originally the A tlanticC oast Line o f Va. (change o f
name being authorized in Jan., 1900); in April, 1900, absorbed by
consolidation (per plan V. 70, p. 840, 893) the follow ing allied prop
erties : Wilmington & Weldon ER., South Eastern RE., A tlantic Coast
Line railroads of South Carolina and Virginia N orfolk & Carolina RR.
Tne Atlantic Coast Line Co. (of Conn.) owns a m ajority of the stock,
Including $10,800,000 of the preferred stock; also, $1,550,000 Atlantio
Coast Line o f 8. C. gen. 1st 4s, <&o.-V. 70, p. 893: V. 71, p. 1116, 1310,
The Savannah Flor. Sc Western By., which owned and controlled 2,234
relies, was merged, possession being taken July J, 1902, this including
the Florida Southern and Sanford & Bt. Petersburg, whose entire
stocks are owned, hut whose mileage Is not Included In the table above.
These lines formed the old plant system. V. 74, i>. 774,829.
S e c u r i t i e s .- Atl. Coast Line RR. of Va., class A , tax-exem pt stock
w as assumed as so much o f the common stock o f the new company.
Under the consolidation with the B. F. A W . In 1902 the total stock
was increased from $34,740,200 to $42,000,000.
'the first consul, gold 4-1of 1902 ($80,000,000 authorized, limited to
,
$20 OOO per mile) are a first lien on about 570 miles of road and a
iu.iukei lien on the remaining 2,883 miles owned,subject to the underl in!.!; bonds. The first consols are Issuer! or reserved as follows:
Issued forthw ith....................................................................
$31,034,000
Reserved to take up underlying liens..... ............................. 35,102,000
R e p o r t .—F o r tb e y e a r ending June 30, 1901, the earnings of the
properties consolidated were: Gross, $15,665,023; net, $5,495,108;
other incom e, $258,824; taxes, $57a,554; interest, $2,429,461: bal.
o v e r interest charge, $2,744,316. R eportforyea ren d in g Ju n e30 ,1 90 1
(not including Plant system), was In V. 73, p. 1353:
uross
Net
Other
Interest,
Balance,
earnings.
earnings.
income.
taxes, etc.
surplus.
1900-1..$7,915,098
$3,270,269 $62,916
$1,567,527 $1,765,658
1899-0.. 7,586,746
3,275,147
131,012
1,253,753 2,152,406
From surplus as above in 1901 were paid dividends on preferred
(5 p. o.) $931,007 and on com m on (2 8) p. c.) $397,255, leaving balance
surplus for year $437,396.—(V. 74, p. 1354; V.J75, p. 28, 76, 134.)
A t l a n t i c < Danville B y . —(Nee M a p S o u th e rn B y . ) — West Nor
fc
folk, to Danville, Va., 205 miles, three branches, 26 miles; James R iver
Junction to Claremont (3 feet gauge) 51 miles; total, 282 miles. Leased
to Southern Ry. from Sept. 1 ,18 99 , to July 1 ,19 49 , fo r taxes, repairs,
maintenance and cash rental sufficient to cover interest charges and
for five years ending June 30, 1909. $31,000 annually in excess
thereof; for remainder o f term, $61,000, with privilege o f renewals
for terms o f 99 years. In addition the Southern Ry. agrees to pay the
same rate o f dividends on the com mon stock as may at any time be
paid on its own com mon stock.—V. 71, p. 447.
S t o c k .— Common, $2,180,000; pref., 30,992 shares, par originally
$100, but reduced 60 per cent b y paym ent from proceeds o f sale of
bonds, viz , 40 per cent in 1900 and 20 p. o in N ov., 1901; further pay
ments to be made latter part of 1904 and 1909, when it will be entirely
canceled. See V. 71, p. 181, 862; V. 73. p. 722, 956.
B onds .—Of the $4,425,000 fours of 1900 $500,000 can be issued only
fo r Improvements upon request o f Southern Ry.
In 1898-99 gross, $596,900; net, $160,245. R eport for 1897-98 was
in V. 68, p. 184.—(V. 73, p. 722, 899, 956,1061; V. 74, p. 774 )
A t l a n t i c & L a k e S u p e r i o r B y . —In Apr., 1900, operated Metapedla, Que., to West Paspeblao, 98 miles; owned St.Gregoire to Nlcolet,
7 m.; St. Francis to Yamaska, 6 m.: Y am askato Sorel, 10 m.; Laohute
to St. Andrews, 7 m.; total, 128 miles. Was under construction, W est
Paspebiac to end of wharf, 4 m.; Paspeblao Juno, to Port Daniel, 21 m.;
Pierrevllle to Nlcolet, 15 m.; St. Gregoire to Chaudiere Juno., 67 m.
In April, 1902, road was operated by trustee for bondholders.
Stock authorized, $10,000,000; par, $100; issued, $2,602,500. Bonds,
.£500,000, 4s; none Issued to April, 1901. For year ending June 30,
1901, gross, $33,336; net, $545. President, Hon. J. R. Thlbaudeau;
Sec.. Edgar N. Armstrong, Montreal.—(V. 68, p. 329; V. 70, p. 1148.)
A t l a n t i c dt N o r t h C a r o l i n a B B .-M o r e h e a d City to Goldsboro.
N. O., 95 miles. State o f North Carolina owns $1,266,500, $1,797,200
stock.
D i v i d e n d s .— ) ’ 92. ’93. ’94. 1895. 1896. 1897. 1898. 1899. 1900
Per cent.
{
2
2
2
0
2
2
2 2
0
Earnings .—For year ending June 30,1901, gross, $240,505; net,
$88,510; total deductions, $90,342. b al.,d eficit,$1,832.—(V. 68, p .472.)
Atlantic Valdosta A Western B y . —
c
(Nee M a p .) Valdosta, Ga.,
to Jacksonville, Fla., 118 miles, including terminal lines. Uses Jack
sonville Terminal Ry., and owns one-fourth Interest.—V. 71, p. 134.
The Southern Ry., having aoquirod all the stock and bonds, took over
the road on July 1, 1902.
S t o c k a n d B o n d s . —Stock, common, $1,000,000; p r e fe r r e d , $1,000,
000. Mortgage Is for $5,000,000. —(V. 68, p. 1022).
E a r n in g s —Year ending Juno3<>, 1901, gross, $198,294; not, $52,833;
fixed charges and taxes, $65,109. Year 1900-1, gross, $235,045; In
1901-2, $ 2 0 9 ,9 7 7 .-(V. 74, p. 1088, 1307.)
Augusta Sc Savannali B B . —Mlllen to Augusta, Ga., 53 mile*.
In 1806, re-leased to Con. o f Georgia at 5 p. o. on stock.—V , 61, p. 239.
R e s e rv e d fo r a c q u is itio n * , e x te n s io n s , im p r o v e m e n t- a n d
equipment................................................................................... 13,?04,000
Augusta S o u t h e r n B B . —Owns from Augusta to Sandersvllle,
Of tin: present Issue ($31,034.000), $12,451,000 were used to retire Ga., 80 m. , and BandersvIUe & TennllloUR., 4 miles. The Southern Ry.
Hav. Flor. Sc West, consol, is to the same amount, $7,045,000 were In Jan., 1001, acquired about four-fifths o f the stock, and so controls,
applicable to the retirement or 43.000,000 All. Coast Line eertfs. of although the lease was annulled April 25. 1.901. V. 73, p .3 4 3 . Com
indebtedness and *2,880,000 Wilmington Sc Weldon 6 and 7 p ercen t mon stock, $400,000; pref., #350,000; par, $100. Gross cam s, from Apr.
irredeemable certificates of Indebtedness (over 75 per cent of the 20 to Juno 30, 1001, $10,072; def. under operating, #8,512; total de
holders of which had in July, 1902, consented to exchange fertile ductions, $4,357; def. for period, $12,809.- ( V . 72, p. 935.)
new bonds) and #10,089,000 to the purchase o f the $ 12 ,*00,000
A u»tl ii de N o r t h w e s t e r n B B . —Bee Houston * Texas Oentr'l Ry.
H F Sc W. preferred stock and $5,000,000 Bruns. Sc West, arid Churl.
A v o n O e n o a e ® dr. IT It . Ilf o r r i s It I t . — Mt. Morris to Avon N . Y . ,
* Hav. Income bonds (about 05 per cent Of the lai ter having been
18 miles. Leased to Erie RR. Fell. 20, 1800, In perpetuity a t ’i 'u p. 0.
acquired). V. 76, j>. 70.
on stock for 4 years from Jan 1, 1890, 3 p. o. for I year more and 3 1
*
Dividends ,- Dividend* on pref.,2*{i per cent paid Nov. 15,1900; p, o. thereafter.—(Bee V. 03, p. 512; V. 02, p. 318, 589.)
1901, 5 p. o. (paid M -N .); 1902, May, 2 ‘ a n, o. On common, Including
B a ld ICngle V n lle y H i t . —Owns from Vail Station, Fa., to Look
c la s s
" A " stock, 1 per cent paid Jan. 10, 1901; July, 1 hj p. e.i In 1002,
Pa., 51 m iles; brandies to Sugar Camp, etc., 42 miles.
.I»n , 1 »* p. o , July, 2 p. o. Oil certs, of Indebtedness, Jam, 1901, to haven, to Penn. RK. Co. for 99 years from Doe, 7, 1H04. Rental, 40
Looted
.July, 1902, 4 p, o. yearly (J.-J.)
per cent, of gross earnings. Rental 1901, $260,020; other Income,
L atest E arn ' d *—1 1 mos, , 1001 -2.G ross,$7,033,030; n et,$3,024,045 $7,808; Int., taxes, eto„ #53,874; dividends (10 p. o.), $140.0251 bal.,
a , 801 rn.) J ’ ly 1 to May 3 1 $ 1900-1 Gross, 7,163,174; net, 2,041,750 sur., $79,995. Rental In 1000, $201,870. Pennsylvania UK. Jan. I,
1002, owned $700,250 Htook. (V. 00, p, 708.)
For 0 mos, to April 1, 1902, consolidated earnings were: Gross. #12,
236,087; net, $4.580,943; net,, $4,580,943; other income, #373,193;
B a l t i m o r e A A n n a p o l i s S h o r t L i n e B B . —Own* road from
t a x e s , $453,304; interest, #1,723,074; dividends on stock ', $890,941;
Cliffords to Annapolis, Md., 22 mile . In 1807 acquired control or
other payments, #46,048, bal., sur., $1,839,807
Annapolis Washington <t BaltlrnoreRR. Co,, owntn |
i3,575 out o f 3,580
GO
O
W
G
O
GO
n
£
SS
z
Janesville.
3eloit
Bt/lhdmas~
a le n a ^ v .
L ^deport
^Vprysta
alamazoo]
Winds*
icksbunA/'^yJackson
lentoi
.Fulton
Olean
& j^j_Hvonesville e,
’ixon
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RAILROAD
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Lebanon Jc.
zh^eth T.
•wensboro
Ceclllan
Sha^/neefown
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s
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Central
P o n ’^mo'udv
Salt Sp.
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Glade Spr.
Danville
Chitwood
Weldon
'Johnsons
■cKenzP
■Annadale
^ASHVILLE
Morristown
Cranberry
Salem
1902. |
Knoxvili
McMinnville
Itfaryvilh
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J
Rocky M t
M
Golds!
M PHIS
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^yettevilie
Cleveland'
Charlotte
B A L T IM O R E & O H IO
RAILROAD SYSTEM.
hsbury
,
Columbia A
GreeiMsboro
Fayetteville
16
INVESTORS’
SUPPLEMENT.
LV L. l x x v .
O
Bond#—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or Amount
pal, When Due.
of
of
Par Outstanding
Rate
When Where Payable, and by Stocks—Last
Road. Bonds Value.
Per cent. Payable
Whom.
Dividend.
RAILROADS.
on first page o f tables.
Baltimore < Ohio—(Concluded)—
6
B o n d s U n d e r l y i n g P it t b b . J u n o . & M i d . D IV. 3*2 s,
GenLO., $2,500,000,con.lst M .(ls tl’n) g .M e B a .o
Sand. Mans. & Newark, $2,300,000,1st M .U n.c*
Plttsb. Juno., 1st m ort., $1,400,000, g o ld .M e ..c
2d mortgage, $300,000, g o ld .M e ....................e
Pitts. Jo. Ter. 1st M., $500,000, g., gu. p.& i.OTe
B o n d s U n d e r l y i n g PiTTSB’ g L a k e E r i e &
®v.Lor. & Wheel. Cons. M. (now 1st) g. ITsm .o '
General m ort., $1,000,000, gold,red. 105.N...C
Con.ref. M.,$10,000,000. g., red. atHWLj.CoJ.o*
Viev. Term’l & V alley 1st M., g., red. par.ITIe-c*&r
Monong. River RR., Is tM ., g., gu. B. & O .C e...c*
Ohio & Little Kanawha Ry., 1st M., $250,000, g
Ohio River, 1st mort. ($2,000,000), gold F P . . e ’
Gen. M. ($3,000,000), gold, 1st on 39 miles c’
Rav.Sp.&Gl. IstM ., $400,000,g., gu. p .& i.F P o’
Huntington & Big S. 1st M. ($400,000), g., gu.o’
Ripley & Mill Cr’k 1st M .,g., gu. p.&i.,end.c*&r
Pittsb. Clev. & Tol, 1st M., g., red. 125 to Feb., ’ 03
Pittsb. Painesv. & Fairport 1st M., g.................c*
Pittsb. Newcastle & L. E., 1st m ort., ext. in gold
Pittsb. & West., 1st (cons.) M. $10,000,000, g..c*
Ellwood Short Line, 1st M., gold, $300,000... G
Trumbull & Mahoning, 1st m ort.........................
W. Va. & P., IstM . g, 5s, scaled; red .p ar.M eB a .c*
137
116
7
....
1886 $1,000
1869
1,000
1882
1,000
1894
1,000
W e s t V lR G I NIA 48.
192
192
....
75
32
80
169
209
33
11
13
77
63
30
210
3
11
159
L e a s e d L i n e s , E t c ., S e c u r i t i e s .
Balt. < N. Y. RR., 1st M., gold, g u a r.M eB a .c& r
ft
Mon. Riv. Coal M., $1,500,000, g., s. f ., red. at par
Sehuyl. R. E. S. RR. 1st M., g., red. ( t e x t ) .F e P ..
S. I. Rap. Tr., 1st M., $1,000,000, g., $ or £ .U s .o ’
2d mortgage, gold, guar., $2,500,000.S ........ c*
S. I. Ry., 1st m ort., $1,000,000, g o ld .M e ........ c*
513
....
11
11
11
13
1893
1,000
1896
1,000
1900
1,000
1895
1,000
1889
1,000
1900
1,000
1886
1,000
1887
1,000
1890
1,000
1892
1,000
1888
1,000
1882
1,000
1886
1,000
1878 100 &c.
1,000
1887
1892
1,000
1887
1,000
1890
1,000
1889
1895
1886
1883
1899
1893
1,000
1,000
1,000
1,000
1,000
1,000
B . & O. E q u ip m e n t O b l i g a t io n s —
Real estate, car trusts, eto., March 3 1 ,1 9 0 2 .......
Car trusts, gold, $1,000,000 due annully.S.......o*
Bangor <■Aroos.—1st M., ($16,000 p. m.) g .G ---- c*
£
2d mortgage, g o ld .U s m ....................... •
...................
x Largely owned by or fo r Baltimore & Ohio.
*
$1,009,000
638,000
*959,000
*270,000
*219,000
4*9
7
6
5
5
g. M.
J.
g. J.
g. J.
g. A.
5,000,000
893,000
950,000
5,491,000
700,000
228,000
2,000,000
2.941,000
376,000
303,000
50,000
2,400,000
60,000
83,000
3,718,000
300,000
150,000
3,991,000
5
5
4*3
4
5
5
5
5
6
6
6
6
5
4
4
5
5
4
g.
g.
g.
g.
g.
g.
gg.
g.
g.
g.
g.
g.
g.
g.
g.
x350,000
924,000
4,500,000
x l , 000,000
2,500,000
511,000
shares o f its stock, all pledged under the mortgage. Common stock
issued $358,000; there is also $500,000 o f preferred stook authorized.
D iv id e n d s - )
1898.
1899.
1900.
1901.
1902.
Per cent.
$
6
5
6
6
7*$
For year to June 30,1901, gross, $93,022; net, $34,151; oth. ine.,
$16,110; int. on bonds $16,700; taxes, $3,947; betterm ents, $2,857;
<div., 6 p. o., $21,480; surplus for year, $5,277.—(V. 67, p. 1159.)
B a l t i m o r e C h e s a p e a k e & A t l a n t i c B y . —Owns Claiborne to
Ocean City, Md., 87 miles; branch, 1 mile; total, 88 miles; from Clai
borne to Baltimore, 42 miles, transfer is made b y water; steamer lines
owned, 1,426 miles; total mileage owned and operated, 1,514 milesControlled by Penn. R R. and allied lines. V. 69,'p . 541, 590. A reor.
ganization of Balt. & Eastern Shore, sold Aug. 2 9,1 89 4 (V. 59, p. 371),
e tc. Pref. stock, $1,500,000 5 p. o. cumulative; com mon, $1,000,000.
A n n u a l R e p o r t .— R eport for year ending A u g . 31, 1900, in V. 71,
p. 1164. In 1900-1, gross, $675,090; net, $150,449; other ino., $2,052;
taxes, $6,752; interest, $62,500; pother charges, $61,805; bal., sur.,
$21,444.—(V. 71, p. 1 1 6 4 .)
B a l t i m o r e &, C u m b e r l a n d V a l l e y B y . —B a l t i m o r e & C u m
b e r l a n d V a l l e y B B . E x t e n s i o n . —B a l t i m o r e & H a r r i s b u r g
B y . —A ll under 50-year leases to the Western Maryland RR.,which see.
B a l t i m o r e & O h i o R R .- (S e e M a p ) .—R o a d .— Operates from Balti
m ore to Philadelphia and Baltimore to Chicago, Cincinnati and St.
Louis, the total mileage leased, owned and operated being in July,
1901, 3,221 miles. The “ R oyal Blue L in e” (see Central RR. o f N. J.)
gives the road access to New York.
The system embraces, subject to the mortgages, the follow ing lines:
Other Lines—
Prior lien 3}4% M.—(1,017 miles) Miles.
Staten Island Rapid T ransit.........
24
W est Virginia & P ittsburg............ 176
Pittsburg & W estern ..... ................. 343
M ononeahela R iver R R ..................
31
75
C hicago, 111., to A k ron 0 .................. 359 Clev. Term inal & Valley .........
Operated from Aug. 1, 1901—
Branches to Fairmont, W . Va., etc... 93
Cleveland Lorain & W heeling Ry.
South W. Div. '$%% M.—
W heeling to Cleveland, e tc ......... V192
Belpre, O., via Cincin. to St. L „ etc. 918
Pit*s. Jvnc. 3%% M.—(384 miles) Viiea Ohio R iver RR. Lines.
Benwood to W heeling, etc........... 7270
Bellaire to Midland City, O........ i 877
W est Virginia Short Line R R ......
60
Shawnee to Sandusky, O............)
Operated from Jan. 1,1902—
Pittsburg Junction R R .................
7
I Ohio & L ittle Kanawha R R ..........
80
Balt, to W heeling, Belpre, O., etc. ..683
Pittsburg Division (east o f P itts .)..334
1st M. 4%.—(570 miles)
Baltim ore to Philadelphia andbrs.118
T otal o f all (adding Baltim ore B elt and other lin es)......................................4,208
In 1901 acquired m ajority o f stock of Cleveland Lorain & Wheeling
Ry. (V. 72, p, 480), Ohio R iver RR. (V. 73, p. 81) and entire stock of
West Va. Short Line R R (V. 73, p. 235), in all 522 miles o f road, and
began operating them, the O. L. & W. from Feb. 1, 1902, and the latter
tw o from Aug. 1,1901. The Ohio & Little Kanawha, 80m ., andPitts.
& West, were acquired Nov., 1901.—V. 73, p. 1263,1356.
H istory .—R eceivers were appointed in February, 1896, but on July
1 ,18 99 , the road proper was returned to the com pany, the reorganiza
tion plan (in V. 66, p. 1235,) having been consummated without
foreclosure and the road vastly improved in physical condition.
The reorganization of the B. & O. Southwest, was effected and new
securities issued in Sept., 1899, per plan in V. 67, p. 688, the consol,
m ortgage of 1893 having been foreclosed, and the road virtually
merged.—V. 71, p. 1218. In January, 1900, new securities were issued
under the plan o f reorganization of the Cent. Ohio and other leased
lines. V. 6 7 , p. 688,1109,1206,1356. On Oct. 9,1901, the Pittsburg &
W estern was purchased at foreclosure sale. See (5) below.
P ennsylvania RR. I nterest .—The Pennsylvania RR. Co. purchased
a large interest in 1900-01 and on Jan. 1, 1902, owned directly $21,480,000 preferred and $18,345,600 common stock; also through the
Northern Central $1,000,000 preferred and $370,400 common stock,
and through the Pennsylvania Co. at least $5,000,000 preferred stock.
—V. 70, p."76; V. 74, p. 528. These holdings enable the Pennsylvania
to have practically a deciding voice in the management.
Stock .—A uthorized issues: Common, $84,000,000, see “ General
Finances” below.; pref. 4 p. o. non-cumula five, $60,000,000; outstand
ing, see table above and “ General Finan jes.” Pref. stock dividends
are limited to 4 p. o. (See V. 71, p. 1166, and edit., p. 1143; V. 72, p.
1186.) Voting trustdissolvedin Aug., 1901.
19C2.
D i v id e n d s (p . c .).............. 1
1900.
1901.
March, 2
C om m on ..........................f
2
4
March, 2
Preferred......................... 1
4
4
B onds .—(1) P rior Lien 3 ^ % , a first lien on main line and branches,
Parkersburg branch and Pittsburg division, about 1,017 miles of
first track, and 964 miles of second, third and fourth tracks and sid
ings, and also all the equipment now owned o f the value o f upwards of
$20,000,000, or hereafter acquired. Total authorized, $75,000,000, of
which $5,000,000 to be issued only after Jan. 1,1902 (at not exceeding
$1,000,000 a year) for the enlargment, betterment or extension o f the
properties covered. See application to list, V. 69, p. 30.
(2) First Mortgage 4 p er cent Gold Bonds, Due July / 1048, but subject
to call, in whole or in part, after July 1, 1923, at 105; a first lien on
the Philadelphia, Chioago and Akron divisions and branches and the
Fairm ont Morgantown & Pittsburg RR., covering about 570 miles of
ifirst track and about 332 miles o f second, third and fourth tracks and
8.
J.
J. N.Y.,N.City Bk. & Pitts.
J.
do
do
O.
Pittsburg.
A. & O.
J. & D.
J. & J.
M. & N.
F. & A.
M. & S.
J. & D.
A. & O.
F. & A.
J. & J.
F. & A.
A. & O.
J. & J.
J. & D.
J. & J.
F. & A
A & 0 .1 5
g. A. & O.
5 g.
5 g.
5 86 g.
4 g.
41
2g.
1,050,402
1901
1,000
9,000,000
4 g.
211 1893
1,000
3,360,000
5 g.
211 1895
1,000
157,000
5 gBala nee of outstan ding amount s show n!
....
&
<
fe
&
&
A
M.
J.
J.
A.
J.
J.
J.
J.
J.
n
&
&
&
&
&
&
Sept.
Jan.
July
July
Oct.
1,
1,
1,
1,
1,
1930
1909
1922
1922
1907
Oot. 1,
June 1,
Jan. 1,
Nov. 1,
Feb. 1,
Moh, 1,
June 1.
Apr. 1,
Aug. 1,
July 1,
Aug. 1,
Oct. 1,
July 1,
Allegheny, Pa.lstN .Bk. June 1,
N. Y., J.P. Morgan & Co. July 1,
New Y ork City.
J an. 1,
New York.
Oct. 15,
Apr. 1,
1933
1936
1930
1995
1919
1950
1936
1937
1920
1922
1908
1922
191*
1917
1917
1922
1917
1990
New York.
do
do
N.Y., Off. B .& 0..2 Wall.
N. Y. Central Trust Co.
N. Y., Knickb. Trust Co.
N. Y., Cent’l Trust Co.
do
do
do
do
New York or Phila.
Phila., E. W.Clark & Co.
N. Y., Cent. Trust Co.
N. N.Y., J.P. Morgan & Co.
D. Balt., Am. Bond’g & Tr.
D.
O. N. Y ., foot Whitehall St.
do
do
J.
D.
New York City.
& J. New Y ork, 2 W all St.
& J. N. Y ., Guar. Trust Co.
& J.
do
do
first 1 eft hand column areow
May
Deo.
Deo.
Jan.
July
June
1,
1,
1,
1,
1,
1,
1939
1945
1935
1913
1904
1943
To Deo. 3 1 ,’ 10
Jan. 1, 1943
July 1, 1945
ned b y B. & 0.
sidings: also on the B. & O. Terminal property and the Baltimore Belt
RR. They are also a lien subject to prior lien mortgage upon main
line, etc. See application to list, V. 69, p. 30.
Total authorized issue in no case to exceed ......................... $165,000,000
O f which to retire prior lien bonds in 1925......................
73,000,000
Of which issued or issuable for reorganization purposes.
76,000,000
For the enlargement, betterment or extension o f the
properties covered b y mortgages (1) and (2), or for
extensions, additions or equipment, at not exceeding
$1,500,000 a year for the first four years and at not
exceeding $ 1 ,0 0 0 ,0 0 0 a year thereafter.............................
37,000,000
Reserve for new com pany, all issued (V. 71, p. 8 3 ).......
7,000,000
(8) Southwestern Division 1 st Mortgage 3*2 per cents.
Virtually a first lien upon the properties consti
tuting the B. & O. Southwestern RR. system, or the
securities representing the same, covering about 921
miles o f first track and about 305 13 miles o f second
track and sidings. Total iss u e ......................... ............... $45,000,000
Of which to be issuable only at the rate o f n ot exceed
ing $1,000,000 per year for the enlargement, better
ment or extension o f the properties covered by lien ...
3 ,000,000
Of which in partial exchange for old bonds......................
33 ^ 40,980
Sold to syndicate for cash requirements...........................
4,439,020
(4) B. O. Pittsburg Junction & Middle Division 313 per oents. E x
pected to be ultimately a first lien upon the railroads o f the Central
Ohio system and Pittsburg Junction RR. Co., 385 miles in all—
Total authorized issue in no case 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 tw o years and
thereafter at the rate o f not exceeding $500,000 per
year, for the enlargement, betterment or extension of
the properties covered by the m ortgage...........................
3 ,000,000
Of which in partial exchange lor old bonds.....................
10^ 69,000
Sold to a syndicate for cash requirements........................
4,000,000
Balance fo r contingencies......................................................
431,000
Of these bonds $6,175,480 are outstanding in the hands o f the public,
$7,635,050 additional being pledged as part collateral for the Pitts.
Lake Erie & West Va. System 4s.
Note.—The underlying bonds still outstanding In July, 1900, are In
table above. The underlying stocks still in the hands of the publio
were: Central Ohio common stock, $23,784; preferred, $4,550; New
ark Somerset & Straitsville common, $90,450; preferred, $39,050.
Pitts. Jot. common, $845,150; preferred, none.
(5) Pittsburg Lake E rie < West Virginia System mortgage refunding
£
4 per cent gold bonds (authorized amount $75,000,000) are a lien on
1,633 miles, consisting of the Ohio River, Cleve. Lorain & Wheeling,
Pittsburg & Western, etc., form ing a direct connection with Pittsburg,
Cleveland, Fairport, Lorain and Sandusky, subject to underlying
bonds outstanding thereon (see table above). In Jan., 1902, $21,845.050 additional underlying bonds, including $7,635,050 Pittsburg Junc
tion & Middle Division 3!«s, were held in trust as part security. Of
the total issue o f bonds $20,000,000 were sold in Feb., 1902, $40,000,000 were held to retire underlying bonds outstanding (of which $12,425,000 are subject to call) and the remaining $15,000,000 are issuable
for additions and improvements. See full statement, V. 74, p. 266.
(6) The 4 per cen t debentures o f 1901 are convertible at the option
of the holder into com mon stook at par on 30 days’ notice (see V. 73,
p. 1159); they may be called for payment at par and interest on
any interest day, beginning Mar. 1, 1902, either wholly or partly in
the inverse order of their numbers.—V. 72, p. 282; V. 73, p. 337, 1158.
L e a s e d L i n e s .— Schuylkill River East Side bonds, stamped (V. 68,
p. 40], and treated as fo llo w s: The road is leased at a rental equiva
lent to interest at 5 p. 0. on the existing bonds, but the new company
has the right to purohase all the Sohuylkill bonds at 110 and
aeorued interest at any time after Dec. 1, 1900, and prior to Deo. 1,
1903, on 30 days’ notioe. If not so purchased, the com pany will
assume the ultimate payment o f the principal when due. V. 69, p. 1063.
The Staten Island Rapid Transit new 4s the Baltimore & Ohio RR.
agrees to purohase at par and interest in oash prior to July 1, 1904,
and meantime to guarantee interest thereon at 4 per cent. V. 68,
p. 189, 133, 525; V .69, p 696.
The W est Virginia & 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 interest,
the B. & O. having the option for 5 years to purohase the bonds at par
and aocrued interest on 60 days’ notioe. V. 69, p. 439.
The B. & O. agrees to purchase on or before Feb. 1,1903, at 125 per
cent and interest the $2,400,000 Pittsburg Cleveland & Toledo bonds
(or not less than 70 per cent thereof), with the option by the bond
holders to exchange for newTsecurities. V. 70, p. 632.
F in a n c e s .— Holders o f com m on stook subscribed in May, 1900, to
$6,398,900 oommon stook at$80. In Sept., 1901, the authorized com
mon 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 $100,000,000. In Jan.. 1902, $8,459,000 debentures had
KAILROAD
J u l y , 1902.]
STOCKS
AN D
BONDS.
17
Bonds—n u io ) INTEREST OR DIVIDENDS.
pal, When Due.
Miles Date Size, or
Amount
of
of
Par
For explanation of column headings, &c., see notes
Outstanding Rate per When Where payable, and by Stocks—Last
Whom,
Payable
Road. Bonds Value.
cent.
Dividend.
on first page o f tables.
RAILROADS.
Ban. dkArjOon.)—1st M. Pise.D.,$1,500,000,g.G.O*
Van Buren Exten. 1st M., $500,000, g........ G.o.*
Aroostook No. 1st M., $225,000, gold............G.o*
Consol, refund’g mort., $20,000,000, gold.O B .c*
Bangor & Portland—1st mortgage, g o ld ...................
Bath Extension m ortgage........................................
Bath d Eammondsport—1st mortgage, gold ............
k
Second m ortgage, gold C e........................................
Tip.m & ElLwood—l at m ortgage.1?P i .............. .. _
ip.r
Beech Creek—Stock (guaranteed 4 per cent by end.)
1st M., g,guar. p. & i. (end.) K. - ......................c&r
2d M. for $1,000,000, g, gu. p. & i. (end.) .U n .c& r
Clearf.Bitum. Coal 1 stM..int.gu. by Bh. Cr., gold.c
Beech Or. Ext.—IstM ., $4,500,000, g., gu.p.&.f.G.o*
tsellaire Zanesville &Cm.—Prior lien m ort.,red,atl05
1st M. ($262,000 reserved for prior lien bon d s)..
Bellingh. B ay d Brit. Col.—1st M., $1,000,000, g.,8.f.
k
Belt BE. < Stock Yard o f Indianapolis—S tock ........
£
Preferred stock, cum ulative.....................................
1st mortgage for $1,000,000, ourrenoy...................
Belt Ry.—1st M.(red. aft. July 1,1903) g .M e B a .o *
Belvidere Delaware—Stock ($4,000,000)...................
Cons.mort. ( guar, by United Co’s & Pa. RR., s.f. .r
of 1875..-( guar. byU nitedC o’ s& P a.R R ., s. f ..r
$4,000,000 ( issue $600,000 reduced b y s. f ....... r
Birmingham <•Atlantic—1st mort., $500,000........
£
Birming. <•Allan A ir L. R y —1st M., g. (see te x t).
£
Bism.Wash. < Gt. Falls 1st H .. g., see text.C ...c& r
£
Bloomb’ g < Sullivan RR.—1st M., $400,000___F1P
£
2d mortgage, inoome, non-cum., $200,000. . . F P
Boone Rockw. Oily d No’w'n.—IstM ., g., $2,000,000^
k
1899 $1,000 $1,500,000
5 g. A. & O N. Y ., Guar. Trust Co.
do
do
500,000
1899
1,000
5 g. A. & 0
do
do
225,000
1897
1,000
5 g. A. & O.
1,000
2,303,000
4 «. J. & J N.Y..BrownBros.&Bos.
1901
’96-’ 00 1,000
990.000 5 g. & 6 Various N. Y., Guar Trust Co.
320.000
’ 80-’ 86
“ 6 g . J. & J. N. Y., 26 Exch. Place,
ao
do
5
M. & 8.
60,000
1901
New Y ork City.
10 1889
1,000
100,000
5 g. J. & D.
do
do
10 1893
1,000
200,000
5 g- A. & O.
E llw ood City, Pa.
3 1890
5
A. & O.
50,000
160
4
50
5,665,000
Q .-J . N. Y., Grand Cent. Sta.
do
do
160 1886
1,000
5,000,000
4 g. J. & J.
do
do
160 1892
1,000
500,000
5 g- J. & J.
m m 1891 100 &o.
m.
774,000
4 g. J. & J. N. Y ., Knickerb’r Trust.
60 1901 l.OOO&o
3,500,000
3^2 g. A. & O. N. Y ., Gr. Cent. Station.
1889
6
J. & J. J u ly /9 4 , ooup.lastpaid.
1,000
216,000
. . . - 1890
4
J. & J.
1,00C
1,138,000
42 1901
1,000
500,000
5 g. J. & D. N. Y,U.S.M&T.Co.& S.F.
....
....
50
1,000,000 5 In 1902 J. & J. Indianapolis, Co. office.
_- do
do
50
500,000
6
Q .-J .
M. & N. Phila., W. H. Newbolds.
1881
6
1,000
1,000,000
25 1895
J. & J. Balt., Mere. Tr. & Dep.
275,000
5
....
....
50
Philadelphia, Pa. RR.
1.253,000 5 In 1902 Feb.
67 1885
4
M. & S.
do
do
1,000
500,000
67 1887
do
do
1,000
4
F. & A.
749,000
67 1893
do
do
1,000
500,000
4
J. & J.
35 1891
M. & N.
In default.
1,000
6
500,000
1902
See text.
"4 6 1900
New York.
1,000
See text.
5 g- J. & J.
30 1898
1,000
J. & J. Phila., F. I. T. & S.D.Co.
400,000
5
30 1898
1,000
J. & J. Phila., when earned.
200.000
5
___
...
1,000
See text.
5 g. M. & N. Am.Tr. & Sav. Bk.,Chio.
77
33
1512
359
been converted. Stockholders in Dec., ’01, subscribed to new common
stock, viz., $22,537,200 at par, raising the amount outstanding to
$75,996,200, chiefly to acquire the stocks deposited under the
Pittsburg Lake Erie & West Ya. System mortgage, and the reduction of
their debts. The remaining $17,462,800 stock unissued will be used to
acquire the balance of the stocks of those companies, pay their floating
debt and for additions. V. 73, p. 1159; Y. 74, p. 150, 266.
In April, 1901, made $10,000,000 equipment bonds, $1,000,000 due
yearly Dec. 1 ,1 9 0 1 to 1910, covering 9,000 cars, etc., as above stated.
E a r n in g s — From July 1, 1901, to J u n e 3 0,1 90 2 (12 months), includ
ing B. & O. Southwestern in both years, w e r e :
1901-2................................................Gross, $51,077,116; net, $18,188,354
1900-1............................................... Gross, 47,114,430; net, 16.068,200
A nnual R epo rt .—Report for year ending June 3 0,1 90 1 , was in V
73, p. 1108,1115. The results (the Balt. & Ohio Southwestern being
included in the preceding year for the purposes of com parison) are
shown below. (See also editorial, p. 1084.) Average rate per ton per
mile, 4 -98 mills in 1900-1, against 4 ‘71 mills in 1899-0; average reve
nue train load, 381 tons, against 366 in 1899-0.
Tear ending June 30—
1900-1.
1899-0.
M iles......................................................................
3,221
3,200
Freight.................................................................... $35,553,872 $31,324,792
Passengers............................................................. 9,054,602
8,335,685
Mail, express, e tc ................................................ 2,505,957
2,456,928
Jan. 1, 1943
Jan, 1, 1943
Oct. 1, 1947
July 1, 1951
•iemi-annually
1930-1936
Mch, 1, 1925
June 1, 1919
Apr. 1, 1923
Apr. 1 0,1 91 0
July, 1902,1%
July 1, 1936
July 1, 1936
Jan. 1, 1940
Apr. 1, 1951
July 1, 1899
Jan. 1, 1940
Deo. 1, 1932
July, 1902, 2 ^
July 1, ’02,11a
Apr. 3 0,1911
July 1, 1945
Feb.24,’02,5%
Sept. 1, 1925
Feb. 1, 1927
Jan. 1, 1933
Nov. 1. 1931
1952
Jan. 1, 1930
Jan. 1, 1928
Jan. 1, 1928
Nov. 1, 1913
B a y o f Q u i n t e R y . —V. 74, p. 150.
B e a u m o n t W h a r f Sc T e r m i n a l . —V. 71, p. 287,865.
B e e c h C r e e k R R . —(See Map adjoining N. F. Central.)—R oad —
Jersey Shore, Pa.,to Mahaffey,113 m; branches, to Philipsburg, to mines,
&c., 47 miles; total, 160 miles; trackage, 33 miles; total, 193 miles.
L ease , &c.—From October 1, 1890, leased to the N. Y. Central &
Hudson R iver RR. fo r 999 years at interest on bonds and 4 per cent
on stock, and since May 1, 1899, operated directly as a part o f its
Pennsylvania division. V. 68, p. 872. Carries m ostly coal and coke.
See guaranty V. 52, p. 570. The bonds are endorsed with New York Cen
tral’ s guaranty of prin. and int. See V. 52, p. 570. (V. 69, p. 128.)
B e e c h G r e e k E x t e n s i o n R R —(See Map adjoiningN .Y. Central.)
—Clearfield, Pa., to Keating, 55 miles; point near Elbell, P a „ to R osslter, 3 ‘2 miles; traokage over Phila. & Erie to Youngdale, 45 miles;
Youngdale connection, D3 miles; total, 104’5 miles. A low -grade coal
line leased to N. Y. Cent. & Hud. R iver R R . (which owns entire $4,500,000 stock) fo r 999 years from M ay 22, 1901, bonds being guaraneed, urin. and int.—V. 73, p 790,1111, 1356.
B e l l a i r e Z a n e s v i l l e Sc C i n c i n n a t i B y . —Owns Bellaire, O., to
Mill Run, O., I l l miles, three-foot gau ge; traokage to Zanesville, 1
mile. In June,’95, Gen. Manager J. K. Geddes was made reoeiver; in
terest due Jan. 1, 1895, on the prior lien bonds being in default.
V. 61, p. 239. I d Dee., 1901, a large m ajority o f the securities was
deposited with the reorganization com mittee ( Frank k H am bleton,
S.
Total gross earnings
. . . ........................$47,114,431 $12,117,405 Chairman); Mercantile Trust & D eposit Co o f Baltimore, depositary,
Operating' expenses............................................ 31,046,231
27,644,130 hut no plan had been formulated to April, 1902.—V 73, p. 615,1312.
Stock: Common, $832,000; preferred, $795,910; par $50. In year
$16,068,200 $14,473,275 ending June 30, 1901, gross, $192,772; net, $42,057.—(V. 73, p. 1312.)
Net earn in gs...
B e l l i n g h a m B a y Sc B r i t i s h C o l u m b i a R B ,- W h a t c o m to
688,429
812,701
Other incom e (net)
Maple Falls, Wash., 4 2 miles; extension proposed from Maple Falls
Total net inoom e........................................ $16,756,629 $15,285,976 to Cornells, 7 miles; a further extersion o f over 50 miles being also
Interest and rentals.......................................... $8,148,512
$7,475,171 proposed. Stock, $1,000,000, all owned Jan., 1902, by New York and
879,176 San Francisco parties. Year ending Dec. 31,1901, gross, $120,134; net,
T a x e s ....................................................................
970,504
Discount, commissions, e tc..............................
448,627
317,837 $48,000; taxes, $5,787; int.on bonds (1 m o.),$2,083.—V. 73, p 1356.
Dividends on pref. stock ................................ (4)2,400,000 (4)2,400,000
B e l t R a i l r o a d Sc S t o c k Y a r d o f I n d i a n a p o l i s . —Owns 14
do
com mon stock .......................... x(2)900,000 (4)1,673,560 miles of belt road, etc. Leased for 999 years to Ind. Union—which see.
2,540,231
Additions and im provem ents,......................... 2,500,000
D ividen ds .— ) Preferred in Common ’95. ’96. ’ 97. ’ 98to|July,’02.
Since 1894 ___( full to date, stook p. o. 5
4^
0
5 yearly.
................
Balance, surplus.................................... — $1,388,985
Pres., S. E. Rauh, Indianapolis, Ind.—(V. 63, p. 153; V. 66, p.334.)
x Semi-annual dividends are being paid, but only one here included.
B e lt R a i l w a y ( o f C h a t t a n o o g a , T e n n . ) . —Owns 25 m iles of
Executive Committee.—L. F. Loree, Chairman; J. K. Cowen; S. M. belt railroad in Chattanooga, Tenn. V. 67, p. 72.
Prevost, J ohn /P . Green and James McCrea; Pres., L. F. Loree; ViceH istory .—A reorganization o f Union Ry. foreclosed June 17, 1895.
Pres., Oscar G. Murray; Sec., C. W. W oolford; Treas., J. V. McNeal. Leased till July 1,19 45 , to Alabina Great Southern RR.; rental guar
The Pennsylvania RR. is represented on the board by 8. M. Prevost, anteed to meet interest on 1st M. bonds, taxes and maintenance.
John P. Green, Samel Rea and James McCrea. Other directors:
8 tock Is $300,000, owned by Ala. Great So. Ry. There are also $24,John K. Cowen, Martin Erdmann, Edward H. Harrtman Norman B. Iteam, 000 second Income 4s, due 1945, hut subject to call at par July 1,1903;
Jacob H. Schlff, Charles Steele, James Still man, Edward R. Bacon. Repre coupons paid from Jan., 1901, to Jan., 1902, incl..—(V. 63,p. 6gg.)
senting State of Md., L. Victor Baugnmaa, a . P. Gorman.
B e l v i d e r e D e l a w a r e R R . —Owns from Trenton, N. J., to MaN. Y. Office, 2 Wall St.—’V. 74, p. 3 8 3 , 528, 726,1 037; V. 75, p. 28. nnnka Chunk, N. J., 6 7 .m.; FlemingtonRR.,<fco., 14 m.; operated out-ofl
B a ltim o r e 3c P o to m a c R B . - SeePhila. W ilmington & Balt. RR. 1 m.; total operated, 82 miles. Leased to United Companies, and trans
ferred to Penn. RR. March 7.18 76 . Net earnings paid as rental.
B a n g o r 3c A r o o s to o k R R . -(fieri M a p )—Oidtown, Me., north
Stock .—A uthorized, $4,000,000; outstanding Feb., 1900, $1,253,erly to Van Buren, with branches.
Lines owned—
Miles,
Miles. 000; par, $50. Dividends: 1897 to 1902, both inclusive, 5 p. o. yearly.
B onds .—The $1,249,000 4 per cents of 1885-7 are guaranteed by the
Brownvlile to Caribou and b r..205 A roostook Northern, Caribou
United Companies, and their guaranty assumed by the Penn. RR.
Ashland Jet. to Ashland.......... 43
to Lim estone.......................... 16
under its lease. Bonds of 1885, 1887 and 1893 are seou red jby tbe
Oidtown to Greenville and B. &
consol, mortgage of 1875 for $4,000,000, which provides for a siuk
K, Iron W orks........................ 95
Total operated....................359
ing fund of]l per cent o f outstanding bonds if earned. The $ 1,000,000
O k o a n i z a t i o n .— Organized Feb. 1 3 ,1 8 9 1 . State of Maine refunds
95 per cent of all taxes levied. For organization see V. 66, p. 855. 0 per cent bonds due June 1, 1902, were paid at maturity.
E a r n in
The Fish River RR., Ashland, M e.,to Fort Kent, Slhi miles, will be $219,237.g s .— In 1901, gross, $1,306,505; net, $412,086; interest, etc.,
In 1900 gross. $1,221,500, net, $881,451.
leased on completion in Oct., 1902. (V. 74, p. 150.)
B e n n i n g t o n Sc R u t l a n d R y .~ S e e Rutland R R .—(V. 70, p. 685.)
S t o c k .— Common, $1,050,000; 10,400 shares full paid and 100
B e r k H liir o R l t . —Wost Stockbrldge, Mass., to Connecticut State
•hares, 5% paid; pref., 5%, non-cum,, only $64,300remain outstanding.
Lino, 21 miles. Road opened 1842. Leased April 1, 1893, for 99 years
B o n o s . For description of gold 5s On Fiscal. Di vision see V. 67,
to N. y . N. II. & H. RR. for expenses, taxes and 6 p. o. on stock,' paid
p. 1159; V. 68, p. 84, 329. Van Buren Extension 1st 5s o f 1899.
15 at llOUsatonle Nat. Bit., Htoelcbridge, Mass. Lease
V. 69, p. 952. In May, 1900, sold $800,000 ten-year livelier cent oar Q .-J. RR. suspended but not canceled. Stock, $600,000. to llousatrust, notes to purchase 1,026 flat, box and stock cars, V. 70,
893. tonio
Bonne in e r Sc L a k e ICrle B i t . To own 10 miles under construc
Of the consol, refunding gold 4s, $12,500,000 are reserved to pay
tion; leases Pitts. Bos. & o. ill, 203 miles. See that com pany and V.
off the outstanding bonds, Including those of controlled roads, car
trusts and preferred stock and to acquire such controlled roads, $3,- 72, p. 186. Stunk authorized, $500,000,
000,000 for improvements over a series of years and $ 4 ,5 0 0 ,0 0 0 for
B i r m i n g h a m A A t la n t a A i r M ile R y .—Gui'torsvllle. (In., to
extensions at. $25,000 per mile including equipment. V . 73, p. 286, Pell City. Ala., 1.17 miles, wjt.h brim oh oh r miles; extension I'lom At
>
8 9 6; V . 74, p. 93.
lanta l> Birmingham, A ta„ §o miles, to be completed within it year.
>
Owned by the Seaboard Air Lino Ky , taking over lu lls 1 i it o r o l in
L a t e s t E a uni nos.— 1.1 m o.,) 1901-2.Gross,$1,503,479; not, $560,002
v
July 1 to May 3 1.
( 1900-1,Gross, 1,322,1 17; net.
195,768 May, 1902, the East <, West Hit. o f Alabama. Stock, $5,000,000.
Bonds to be *r>,0oo,< 0 0 50-year llrst mortgage is, Issuable til no! over
A n n u m , R e p o k t - Report for year ending June 30, 1901, in V. 73,
P, 396, showed: Gross, $1,440,454; net, $530,086; charges, $406,488; $25,000 per mile, For year ending June 30, 1901 (old com puny),/,-rose
betterments, $90,000; ha)., surplus, $49,608. In 1899 0, gross, $1 ,- earnings, $1 61,292; n ei , $21,1 00. - ( V. 74. p. 1088.)
280,423; net, $ 4 9 3 ,8 8 2 .-(V. 74, p. 4 1 ,9 3 , IDO.)
B i r m i n g h a m A- A t l a n t i c B i t , —Talladega to Pell City, A la .,23
B a n g o r A- P o r t l a n d B y . —Portland to Bath, Pa., 29 miles, m iles; branches, Kogans fcn ere beds, 9 in., and Furnaon to WCislilgors,
8m .; total, 35 miles. Block, $ 1,900,000, all common; nor of shores,
Nazareth Jet. to Martin’s Greek, 5 m,; other branches, 5 rn.j total, 39
miles, -stock, $510,000, all acquired In 1900 by Gobi,warn Eacka- $100. Year ending June 80, 1901, gross, $35,040; dor. under oper.,
wanna A, Western HR. Bonds, see table. Dividend (Op.o.) paid Jan. 15; *18,007; bond interest not paid. President, Sidney H. March; Hoe. and
1901. For year ending Deo, 31, 1901, gross. $254,729; not, 163,205, Treas., John Carlson, 25 Bread St., N. Y.
Interest and rentals, $40,103; dlv. (5%), $26,500; bal„ def., $2,- . 9 ,
5
I t l r i n li ig h n m B e lt R I * .—Acquired by Ht. Louis «&Hull Francisco
B o t h A- M a m m o n d s p o r t H H .—Gwns road from Bath.N. Y., to B it, In J u n e , 19 0 2 . (V .7 4 , p. : 29, 8 8 2 , 1 19 1.)
Hainmondsport, N, Y., 10 miles. Chartered In 1 872. Sto c k , $100,000;
I l t a m n n k W a s h b u r n A B re n t K a ils It
Bismarck, N. I).
par, $100. EARNINGS,—For year 1901, gross, *34,110; net, $11,2 41.
to Washburn, 46 m., completed Nov., 1901; projected thenco to Great
INVESTORS’
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Buxton CeiVtre ^
^*l.RQ,RiT LA N D,
X
°
Saco Riv.eiV'odfk Hill.
M A P OF T H E
>
BANGOR & AROOSTOOK
\>
\
Beach.
>
R A IL R O A D
AND
CONNECTIONS.
4
R AILR O AD
J u l y , 1902.J
STOCKS
A N D BONDS.
19
Bonds—P rin ci
IN TEREST OR D IVID EN D S.
pal, W hen Duo,
Miles Date Size, or
A m ount
R ate per W hen Where P ayable, and by Stocks—Last
of
of
Par
F or explanation of colum n headings, &o., see notes
Outstanding
Payable
Whom.
Cent.
Road. Bonds Value.
D ividend.
on first page o f tables.
RAILROADS.
Boonville St. L .d South. R y.—1st M .g $ l,0 0 0 ,0 0 0 .o*
Boston < Albany—Stock ($30,000,000 authorized)..
&
Bonds (not m ortga ge)..................................................
B onds (not m ortgage) $5,000,000.......................... c
Bonds, $2,500,000, cu rren cy.....................................
Boston < Lowell—S tock..
&
Bonds, n ot m ortgage..
Bonds,
do
S
’
0*
B oston & M aine gives,
lo a d s ’
do
0*”
a r6ntal ^ a ra n tee-!
B onds’,
do
I".
fo r 99 years.
B onds,
do
B on ds,
do
0 ...J
Boston < Marne—Stock, com m on and s cr ip .O B —
&
Preferred stock, 6 p er cent, n on -cu m u la tiv e.O B .
Im provem ’t bonds, s. f., n ot m ort. or subj. to ca ll
Im provem ’t bonds, e. f., n ot m ort. or subj. to call
Bonds (not m ortgage) fo r imp. < r e f................. c&r
fc
Bonds, n ot m ortgage, gold .................................. c&r
Bonds, $5,454,000, g., secured by F itchb. s to ck ..
Im provem ent bonds, n ot m ort., $1,000,000..........
Eastern R R . certs.of indebt. 1st M., g. ,s.f .,not d m . c
Portsm outh Great Falls & C onw ay 1st m ort.......c
Central M assachusetts, 1st M. I R , assum ed___ c*
Charlestown land m ortgage n otes...........................
Port. & R och. Term inal bonds (no mort.) ass’ d .c
Boston < P r o v —Stock, 10 p. c. guar. 99 yrs., Old Col.
&
Bonds, n ot m ortgage................................................ c*
Boston Revere Beach & L yn n —Stock ............................
New 1st m ortgage, $1,000,000, g o ld S R ........ c*&r
B oston W inthrop & Shore 1st m ort a ss u m e d .IR
Boston Term inal C o —1st m ort., cu rrency. O B -.c& r
Brail. Bord. & Kinzua 1—l3 t M., $300,000, g .M p .c *
B rooklyn &Roehaway B ea ch —1st M ., $350,000, g. 0*
Brunsw. &Birm iiigh.—Is tM ., $12 ,00 0 ,00 0,g . - R c *
44
394
1881
1902
1893
1901
1883
1885-9
1892
1893
1895
1896
1897-8
’ 99-’ 01
$1,000
100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1,000
1,000
1000&C.
1,000
1,000
’ 85-; 87
1887
1892
1894
1900
1901
iii
1876 $ & £
73 1877 500&C.
1.000
99 1886
Yar.
Var.
1892
500
*68
100
’ 88-’ 93 1,000
100
” 9 1897 1000&C.
5 1886
1,000
1897 l,0 0 0 & c
"2 7 1892
500
3 ^ 1891
1,000
1902
1,000
Falls, Mont. Stock authorized, $500,000; outstanding, $200,000; par
of shares, $100. Of the bonds (authorized issue $7,000,000) $600,000
are is suable on the first 46 m iles under con struction and the balance
at $12,000 per mile. President, W. D. W ashburn, Bism arck, N. D.;
Sec. a n d T reas., C. C. Crane, M inneapolis, M inn.— (Y. 70, p. 1248.)
B l o o m s b u r g Sc S u l l i v a n R I t . —Owns B loom sburg to Jam ison
City, Pa., 30 miles. Stock is $ 6 0 0 ,0 0 0 ; par, $50.—V. 66, p .8 0 ,9 5 2 .
Y ear ending June 30, 1901, gross. $68,035; net, $33,857; interest,
taxes, etc., $25,244; bal., surplus, $8,613
(Y. 66, p. 80, 952.)
B o i s e N a m p a Sc O w y h e e B y .- N a m p a to M urphy, Idaho, 30*45
miles, com pleted July, 1899; sidings, -87 miles; total, 31*32 miles. In
1901 extension was com pleted from N am pa north to Em m ett,
28 m iles, under charter o f Idaho N orthern Ry., to be further extended
to H orse 8hoe Bend, Idaho, 26 m iles. Stock, $1,000,000; par, $100;
all com m on and all outstanding. In Oct., 1901, com pan y stated that
no bonds were to be issued “ at p resent.” Y ear ending June 30, 1901,
ross, $36,370; net, $16,196. President, W . H. D ew ey, Nampa, Idaho;
ec., R. E. Green, Boise.
B o o n e R o c k w e l l C it y Sc N o r t l i w e s t e r n R y . —G ow rie to
Fraser, la ., 21 m iles; extensions prop osed to B oon e and R ock w ell
City, m aking a tota l of 52 m iles. The m ortgage (Am er. Trust & Sav
ings Bank o f Chicago, trustee,) cov ers the road and also 3,500 acres
of coal land, and coa l rights, buildings, m achinery and equipm ent,
stated to be valued at over $1,000,000. In D ec.. 1901, $1,300,000 was
offered.—V. 74, p. 1207. Stock authorized, $2,000,000. Pres., Hamilton
Browne, Boone, [a. Office, 218 La Salle St., Chicago, HI.—V. 73, p. 1207
B o o n v i l l e S t. L o u I m Sc S o u t h e r n R y . —B oon ville to Versailles,
Mo., 44 miles. Leased to Mo. Pac. fo r 30 years from Ju ly 1, 1880, at
annual rental of $25,000, taxes, expenses, etc. Stock, $250,000; par
ol shares, $125. Earnings n ot reported separately.
B o s t o n Sc A l b a n y R B . —Owns from B oston, Mass., to A lbany,
N. Y. 202 miles; numerous branches. 104 miles; leased lines, 88 miles;
total operated, 394 miles. A consolidation o f Decem ber, 1867.
Taken ov er under lease on Nov. 10, 1900, b y the N. Y . Cent. &
Hud. Riv. RR. See below . V. 71, n, 697, 963. The lease runs fo r 99
years from July 1 ,1 9 0 0 , the N. Y. Cent. & Hud. R iv. RR. guar
anteeing rental o f 8 per cent per annum on the $25,000,000 stock,
payable quarterly [Mar. 30, etc.], organization expenses, interest on
ponds, taxes, expenses o f m aintenance, etc. The B.
A. received
for certain property n ot included in the lease $5,500,000 in N. Y.
Cent. 3 ^ x>er cent 100-year debentures, thus adding *77 per cen t per
annum to 8 per cent guaranteed on stock. See lease in V. 69, p. 282.
- V . 69, p. 1 0 6 1 ,1 1 0 2 , 1246; V. 70, p. 74; Y. 71, p. 6 4 5 ,9 6 3 .) In
Jan., 1901, the issue o f $2,500,000 of 3 ha p er cent 50-year bonds
for increasing the term inal facilities at Boston was authorized; no
bonds Issued thereunder to Jan., 1902.—V. 71. p. 1218; Y. 72, p. 44. The
$3,358,000 50-year 3his w ere issued to refund the 5s paid A pril 1,1902.
Div id en d s —Cash dividends at the rate o f 8 per cen t yearly w ere
paid for many years prior to the lease. Under the lease 8% per cent
arc paid, 2 p. c. each In Mar. and Bent., 2 ^ p. o. in June and 2*4 in Dec.
Block dividend, 10 p. c. in 1883 and 3% p. c. in 1886.
R eport .—R eport for 1899-00 was in V. 71, p. 388. Bee V. 73, p. 791.
Year.
Orosh.
Net.
Charges.
Dividends.
Bat., but.
1 900-1...$9,931,396 $2,622,282
.............
Bee a bove.....................
1899-0... 9,950,138
2,439,006
415,980 (8>$2,000,000
$23,686
- V . 72, p. 935; V. 73, p. 1312; V. 74, p. 150. 629.
B o s t o n Sc L o w e l l R R . —Ro a d —O wns Boston to L ow ell, 27 miles
branchcs—Salem and Lowell, 17 miles; Low ell and Lawrence, 12 miles;
others, 45 miles; Middlesex Central, 11 m iles; lea ses-C on n ecticu t
<, Passnmpsic, 147 miles; Nashua A Lowell, 15 m.; Peterborough, 10
v
m.; Northern N. If., 83 rn. (and subsidiary lines 90 rn.); Stony Brook
HR., 13 m*; Wilton HR., 1 5 rn. Leases m ostly assumed by Bost. < Maine.
&
L e a s e s . - Leaded in 1887 for 99 years to the Boston Si Maine at 7 per
cent per annum on stock till Jan. 1, 1897, and 8 per cent thereafter.
$400,000
6 g. F. & A. N. Y ., A m er. E x. Bank.
25.000. 000 See text. Q .-M . B oston, Of. Ter. Station
A. & O.
do
do
3.858.000
3^
do
do
4
A. & O.
3.627.000
do
do
N one,Jan.02
31b J. & J.
8
J. & J.
6,529,400
B oston, at Office,
do
do
250.000
413 M. & N.
V arious
4
do
do
3.675.000
A. & O.
4
do
do
1,000,000
4
F. & A.
do
do
1,000,000
4
M. & S.
do
do
500.000
4
J. & J.
do
do
750.000
4
A. & O
do
do
414.000
3 bj J. & J.
do
do
939.000
B oston, at Office. )
23,638,070 7 in 1901 Q .- J .
M. & S.
6
Causeway St.
)
3,149,800
F. & A.
4
do
do
1.500.000
F. & A.
1.919.000
4
do
do
2.500.000
4
F. < A.
fe
do
do
6,000,000
do
do
4*2 g. J. & J.
5.454.000
do
do
3 g. J. & J.
3*2 M. & N.
do
do
1,000,000
8,110,941
6 g. M. & S. B ost.; Lond., B aring Br.
998.000
4^
J. & D.
B oston, at office.
A. & O.
2,000,000
5
594,800
4
J. & J. B oston Office < Fed.Tr.
fc
113,500
4
A. & 0 .
do
do
10
4,000,000
B oston Term ., room 526
Q .- J .
2.170.000
4
J. & J.
do
do
850.000 2 In 1902 J. & J.
B oston.
4 ^ g . J. & J. B oston, State St. Tr. Co.
561.000
M. & S. B oston, State NatM Bk.
289.000
5
3^
Text. B oston, State NatT Bk.
14.000. 000
249.000
4 g. A. & O. N. Y ., Met. Trust Co.
320.000
See text.
6 g. M. & N.
1.250.000
4 ^ g. J. & J. N .Y .,K n ick er.T ru st Co.
Aug. 1, 1911
J ’ne 30/02,212
Apr. 1, 1952
Oet. 1, 1913
Jan. 1, 1951
Ju ly 2, ’02, 4%
M a j 1, 1903
1905-6-7-9
A pr. 1, 1932
Feb. 1, 1913
Mch. 1, 1915
Ju ly 1, 1916
O ct.,1 9 1 7 & jl8
1919 & 1921
Ju ly 1 /0 2 ,1 %
S e p t.1 ,’ 02, 3%
F eb., 1905-07
Feb. 1, 1937
Aug. 1, 1942
Jan. 1. 1944
J u ly 1, 1950
N ov. 1, 1921
Sept. 1, 1906
June 1, 1937
Oct. 1, 1906
Sept. 1, 1906
Oct. 1, 1907
J u l y l , ’ 02, 2 Iq
J u ly 1, 1918
J u ly 1, ’0 2 ,1 %
J u ly 15, 1927
Sept. 1, 1906
Feb. 1, 1947
1942
May 1, 1931
Jan. 1, 1952
The lease o f the F itchbu rg R R . is fo r 99 years from J u ly 1 ,1 9 0 0 .
O r g a n i z a t i o n , E t c .— A n agreem ent w ith N. Y. N. H. & H. regard
in g division o f territory w as m ade in 1893. (Y. 56, p. 464.)
S t o c k .— In A pril, 1901, stockholders subscribed to $1,464,300 new
com m on stock to acquire the Central M assach u setts R R ., $270,900
additional bein g sold since Ju ly 1 fo r that pu rp ose.—V. 73, p. 721. Of
the $23,637,280 stock outstanding J u ly, 1901. $1,128,200 w as held b y
trustees as collateral fo r E astern R R . certs, o f indebtedness.—Y. 69, p.
129, 642, 794; V. 6 8 , p.427.
D i v i d e n d s . { ’87 ’ 88 ’ 89 ’ 90 ’ 91 ’ 92 ’ 93 ’ 94 to J ly , ’99. F rom Oct. ,’ 99
On com m on. (1 0 % 9 9 9 ^ 9
8 8
6 yearly.
Bee b elow
D ividends O ct., 1899, to Ju ly, 1 9 0 2 ,7 p er ce n t y early.—V. 69, p. 642.
On pref., in fu ll to date (paid M.—S.)
B o n d s .—A s to debentures see S u p p l e m e n t o f A pril, 1895. U nder
the lease o f the F itchbu rg RR. the B. & M. issued its $5,454,000
fifty year 3 p er cen t gold bonds to purchase, $ fo r $, the same am ount
o f Fitchburg com m on stock held b y the State o f M assachusetts and by
private persons.—V. 70, p. 175. In 1901 $1,000,000 bonds w ere
sold fo r perm anent im provem ents upon various leased lines.—Y . 7 3 ,
p. 553, 783, 1111. N otes payable D ec. 3 1 ,1 9 0 1 , $200,000.
B. & M. guarantees $1,328,000 first 5s o f St. John sbu ry & Lake
Champlain. A lso interest on $274,000 M anchester & Law rence 4s.
J oin tly with Maine Central guarantees $300,000 Portlan d Union R y.
Station bonds.
L a t e s t E a r n i n g s .— F o r 9 months ending Mar. 3 1 :
9 mos.
Gross.
Net.
Oth m e. In t.. taxes. etc. B al.9 sur.
1 9 0 1-2...$ 23 ,79 2 .65 0 $6,972,771 $391,222 $6,031,748 $1,332,245
190 0-1... 23,055,892
6,970,741
389,825
6,017,972
1,342,593
A n n u a l R e p o r t .— A nnual m eeting second W ednesday in October.
A nnual report 1900-01 in V. 73, p. 721, 1007, showed results as fo llo w s :
Year E n din g June 30.
1901.
1900.
1899.
Miles operated June 3 0 ............
2,265
1,787
1,715
Passenger d epartm ent................$11,147,757
$9,069,118 $8,522,202
Freight departm ent..................... 17,880,747
11,986,441 10,286,339
Mails, express, e tc .......................
1,378,302
1,093,043
1,082,066
T otal gross earnings............ $30,406,906 $22,148,602 $19,890,607
N et earnings........................... $8,888,120
$6,543,584
$6,141,963
N et,in clu d. oth erin com e........... $9,856,835
$7,260,959
$6,841,184
Interest........................................... 1,268,588
1,088,163
1,091,635
R e n ta ls ..........................................
5,199,234
3,220,159
3,296,655
T a xes............................................... 1,547,315
1,200,599
1,105,649
D ividends.......................................
1,645,000
1,515,304
1,234,002
Sinking fu n d .................................
151.285
64,717
67.829
B alance, surplus..........................
$45,413
$172,017
$45,413
O ffic e r s .—P resident, Lucius Tuttle, Boston; Treasurer, H erbert E.
Fisher, B oston; C om ptroller and G eneral A uditor, W. J. H obbs, B os
ton; Clerk, W. B. Law rence, B oston.
Directors—Lucius Tuttle, Richard Olney, Walter Huunewell, Henry R. ReedBoston: Joseph II. White, Henry M. Whitney, Brookline, Mass.; L. 0. Led yard
llenrv If. Dlmock, C. M. Pratt, New York: Samuel C. Lawrence, Mod lord; A.
W. sulloway. Franklin, N. H.; William Whiting, Holyoke, Mass.; Alexander
Cochrane, Boston.
(V. 73, p. 7 2 1 ,7 8 3 , 1 0 0 7 ,1 0 0 9 ,1 0 6 1 ,1 1 1 1 , 1312; V. 74, p. 326,
986, 1354.)
B o s t o n <fc P r o v i d e n c e R R . —Owns B oston, Mass., to P roviden ce,
R. r., 44 m iles; branches, 20 m iles. Leased for 99 years, April 1,
1888, to Old Colony R R .; rental, 10 p. o. yearly on stock.
B o s t o n R e v e r e R e a c h Sc L y n n R R . —Owns narrow -gauge road
from Lynn to East Boston, Mass., 9 miles, connoeting with B oston b y
com pany’s ferry boats; Boston Win t hr op Si Shore D iv., E ast Boston to
Winthrop, 5 miles, with branches 3 miles. Of the 4 H o f 1897 $280,as
000 reserved for Boston W.
B. 5s; balance unissued Is for Im prove
ments. (V. 05, p. 68.) Notes p aya b le Jan. 1, 1902, $100,000.
St o c k a n d B o n d s . - Btor.k a u t h o r iz e d , $ 0 ,5 2 9 ,4 0 0 . T h e d e b e n t u r e s
w e re d e s c r ib e d on page 2, B u rn , o f A p r il , 1 8 9 5 .— V. 7 1 , p. 1218.
D iv id e n d s . ) 1888-91. ’ 92, *93. ’94. '95. 0)0. 1897 to .July, 1902.
P e rce n t. { 7 yearly. 5 hi
5
4/03 4
3
2 yearly.
SSoHton A' .H e in e IC R . —ROAD—The system with its many branch
Hues covers the territory from B oston, M ass., to Portland, Maine,
E auningh. - Y ear ends June 30. R eport for 18084) In V. 69, p. 953.
(two divisions), Hurln gfb l'd, M ass., S h e r b r o o k e , C a n . Rotterdam .Jet.
Year.
Gross.
Net.
DU, rfl taxes. D iv,paid, tiat..Hurp.
and T roy, N. Y ., W orcester. Mass to P o r t la n d , Me., a n d all Im p o rt1900-01.......... $407,395
$73,085
$56,085
$17,000
......
ant places In Now Hampshire:
1899 0 0 .......... 374,340
70,024
53,024
17,000
.........
L in e s ow n e d ,.
Miles
Miles.
Lines leased - f Ooncl.)
--4V. 65, p. 68, 5 6 8 ; V. 67, p. 1 0 0 0 ; V. 69, p. 0 5 3.)
Bosto n, Mass., to Po rfcland .Me.
Nashua & L ow ell.......... .
1115
W, Dlv\...................
1 15 W orcester Nashua A. Roch
II o h I o i ) T c r m l m t i O o*—Owns Southern Union Depot In Boston
f9 4
Boston to Portland, E. D lv .. 108 C onnecticut R iver R R _
_
U80 opened in 1899. V. 68, p. 40; V. 09, p. 591. Boston A Albany, New
Conway June,, Me., to North
72 Lngland, Boston A Prov,, Old Colony and N. Y. N. If. A H artford RR.
Other........... ........ .
....
(ionway, N. H .......................
73 Trackage rig h ts......... .....
9 Cos. each owns one-fifth o f the $500,000 capit al stock and pay as rental
Por fsmoaiti K iec. R
y I
16 Total operated July 1 , 190.1 2,204 In monthly Instalments sums sufficient to nay all ex pen sen, charges,
Portland, Me., to Rochester,
D 011 hie tr06k (3rd A 4th tr ). 5 12 Interest on bonds and 4 per cen t on stock. These comnn.iiles are
N. H „ , .......... ..................... J
54
join tly liable for any defbdorioy In Case Of foreclosure,
Registered in t
No. Cnmb. Jet, to Northamp
Controls Me. Cent, (which sre).H2 L erest payable Q,.— F,* coupons F A A. (V, 69, p. 139, 501.)
ton,
.............
99
Bt.Jolnmbury S Luke Champ. 131
r.
B r a d f o r d H o r d e l l . Y K l n / . u a R y , — ( 3 -/6 f/autje.) Owns B r a d
....... ] 52
Sund ry branohes
York Harbor A B e a c h .......... 11
ford to hmstli port. Pa., 20* I I nillcs. f/eases Ormsby Jc, to Mt, Jew ett,
Bines leased.
V erm ont Yal. o f 1871.......... . 24 Pa. (Big Level S. Klir/,ua RR.), 1.0*48 miles, and Mt. J ew ett to Kane, J a,
r
>
Boston S Low ell........
c
470
Bull Ivan C ou nty..................... 20 (Pitts. <- West.) 1 I 49 miles; also leases for short term frnm Nov, 1.
V
Concord < Mon treat
fe
.......!J4 49
1901, Pittsburg S W estern narrow-gauge line, Fox burg to Kane, 83
t;
F itc h b u r g ....,..............
1J458
T Bee tills c o m p a n y .
i
miles. V. 73, p. 1009. Total Operated, 131 miles. Block, com m on,
E
M AP OF THE
\S
"///
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&
0
BUFFALO, ROCHESTER
PITTSBURGH RAILWAY
0 \
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Fulton Chain
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Seneca
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estown
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V
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Great Bend
3
.Kingston'
Elleuville
/
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Middletown'
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2arboudale
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^
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ainted Post
^ "X .
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faverlynSayre
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Corry
t s h t a b u j I
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Coxsackie
^Sidney
Chenango'
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a Shenajgi
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^Richfield Sprs. shore
Sharon Sprs.
S c h e n e c ta d
_
c,
\
'Cherry Valley
\
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uncstonel
Jtate Line!
r<F
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Bra nrli V.
ilkesharre
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I E FF E R S O N M IN E
^ sS iiffernl
^
X lV lla lls
NORj
balt .
’*
west
CazendVia
.Freeville
l R O lp iT O
R•
Gon7ieaut;IIarbor^
Newburgh
XX'~'~X\ Fonda;
L .K e u k a
Rllio^ttville
Great
ley
iflLAMAN C
fayvill)
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Lndoven
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enn Ya
2ast Concord
spr/ ngville- ^ ,
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Ricevillen ^
^<Wcst Valley*
Dunkir]
£
Ballston
^Syracuse
val7
‘ aS h f o r d R
£
loNQ
\
>ver-
ieau
c\9u
Saratoga^
A v o i i X £ £ /v
3fc
SX
■2X ^77
MtUUcCregW
Oneida'
Canastota
NK
M H Glencoe,
irC .
>
o c h e st e r
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9
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Newark / ^ yon s
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, I_I
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K**
TRUNK
&ivexsi'de
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X™
i Ramsen
(Central Square X ?
)
A
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o i iiTrenton. Falls
Hamilton
'Brantford
AVoodstocl
e
NT
A N D CONNECTIONS
T*ON*
Nipi-th Creek 8X -
Huq^S^Lock Haven
a
,
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r
BaVard
few Lisbon
J
y
Rorhesterli ^
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o /C o s h o c t o n
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X
Blairsville'
-Zanesville
Lewistown
'° Williamstowi
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W a te r G a i l X
^
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k?
9
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Mt. Union.
Poritiit,on
I
D en v fileW
» V
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t
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Mt.Dallas
ftSter
Shippensburg /&*
Ricliinond
IM F
J ^ Se
c h a r r is b u r g
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Holilerbaum
itersc
Soutji
y P r in c e tm i
insburg
Henrietta^
Connellsville
' Pine Grove
Huntingdon
A ltoona
Cresson
vi.
"Johnstown
Greensburg
X*
OV
HO
11 M an rh
J n )hunk
X ,.
Allentown
B elhlebem ly/^*
\-o
V Flemington
Pottsvilh
Ebensburg,
? >^fl3resden Jc.
.
Tamaqua
b h a m tik iu
Indiana
Ma^slvcV/ ,
/ /
X
S e liu s g ro v e Jc.
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?
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-^ S u n b u ry J ^
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Plioenixvilie
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" • V o .
H IL A D E L P
x*''
rK inkora
t-1
x
x
<3
RAILROAD STOCKS AN D RONDS,
J u l y . 1902.]
2 1
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
of
When
Par
For explanation o f column heading, &o., see notes
Outstanding Rate Per Payable When Payable, and by Stocks—Last
Road. Bonds Value.
Whom.
Cent.
on first page of tables.
Dividend.
RAILROADS.
Brunsw. A West.—See A tl a n tic C o a s t L ine RR.
6
Buffalo Greek—1st m ortgage.................................... r
6
Cons. M., $1,000,000. eold, interest as rental o’
Buffalo N. Y.A Erie—S ee E r ie R a i l r o a d .
B u ffa lo R o ch e ste r & P it t s b u r g —Com. s to c k .T r . . . .
Pref. stock, non-oum.; com. 6%; then pro r a ta T r . . . .
R. &P. 1st M , g .. Rochester to Salamanca. U n.o* 108
R. & P. consol. M., $20,000 per m .,gold, g -U n 0* 276
B .R . &P. 1st general M. ($10,000,000) g ...U n o * 276
D ebent.,$2,000,000, currency, con v.,red..G .o* . . . .
10
Lincoln Park A Charlotte 1st M., gold, g u .t ln .o ’'
Ttaal AfltatA m ortgages...........................................
....
B. R. & P. car trusts, gold, due semi-aDnually ...
Equipm’t bonds, $500,OO0, g., s. f., Ser. A ...G .C * . . . .
Equipment bonds, Ser. B., $1,000,000, g., s. f . G . . . .
....
Do
Ser. C., $L,000,000, g., s. f.G .
Securities o f Allied Ooal Properties.
....
Jefferson & Clearfield C. & I., pref. stock.............
....
1st M., g., sinking fund, drawn at 105___G.c*
....
2d M., gold, s. f., drawn at 105............. TTsm.c*
....
Roch. & Pitts. Coal & Iron, 1st M., g., s f ..........c
Helvetia purchase money, M .,g.,s. f. .. .Ce.o* . . . .
Buffalo A Susquehanna—Stock, $16,037,500 auth. . . . .
Pref. stock, 4 p. 0., non-cum., $4,000,000 anth...
102
1st M., g., s’, f.] red. at p a r . . . . . . . . ___’ .J I e .c * 4 r
172
1st refunding mort., gold (see t e x t ) .U p ----- c*&r
....
Burlington Cedar Rapids A Northern—Stock_ X r .
_
269
1st mortgage, law ful m on ey....................... F .c'& r
< ed. Rap. I. F. A N. W., con. 1st M .,g., gu a r.C e.c . . . .
’
Ail
B.C’.R.AN. con. IstM . A col. trust, g o ld ... F.o*Ar
12
Minneapolis A St.Louis, 1st M., gold (assumed). Ce
Kurlingtor A Missouri Valley—See C h ic a g o B ur LLNGT
295
Oalgary A Edmonton—1st m «rt. 6s, red. at 1 1 0 ----
1882
1891
$1,000
1,000
....
....
1881
1882
1887
1897
1889
VaFus
’90-’ 98
1899
1900
1901
....
1896
1896
1886
1896
....
J. A J. N. Y., Farmers’ L. A Tr. Jan. 1, 1907
6
do
do
Jan. 1, 1941
5 g. J. A J.
100
7,000,000 4 in 1901 F. A A. N. Y ., 36 W all Street.
100
6,000,000 6 in 1901 F. A A.
do
do
1,000
1,300,000
6 g. F. A A. N. Y ., Union Trust Co.
do
do
1,000
3,917,000
6 g. J. A D.
do
do
1,000
4,427,000
5 g. M. A S.
4
J. A J. N. Y ., 36 W all Street.
1,000 N’n e J ’ne,’02
1,000
350,000
5 g. J. A J. N. Y ., Union Trust Co.
Various
Rochester, N. Y.
304,000
5
1,000
405^000
J. A D. N. Y ., G allatin Nat. Bk.
5
1,000
500,000
4*2 g. M. A N. N. Y., Guar. Trust Co.
1,000,000
do
do
1,000
4^2 g. M. A N.
do
do
1,000
669,000
41
* M. A N.
100
1,000
1,000
1,000
1,000
50
50
500 Ac.
l,000A c
100
lOOAc.
1,000
l,00 0A c
500
1893
1901
....
1876
1881
1884
1877
ON AQ UINCY.
1890
£100
$308,000 authorized; $249,000 issued; par, $50. Y ear 1900-1, gross,
$38,' 11; net, $13,663; int., taxes, eto., $24,298; balance, def., $10,634.
President, George L. Roberts, Pittsburg, Pa.; 8ecret’y, J. B. McGeorge,
30 Broad St., N. Y . - (V. 73, p. 1009.)
B r o o k l y n & B r i g h t o n B e a c h H R . —V .6 8,p . 1179; V .69, p. 228.
B r o o k l y n & R o c k a w a y B e a c l i R R ,- O w n s road from East
New York (Brooklyn) to Canarsie Landing, Jamaica Bay, 3 ^ miles (of
which 3 miles double track), and operates ferry to Bockaw ay Beach.
Operations suspended during winter months. Paym ent o f interest on
first mortgage bonds has been deferred to early part o f 1903, a syndi
cate meantime holding option to purchase property; if option is exer
cised a m ajority o f bondholders has agreed to accept new bonds for
present holdings. V. 73, p. 783. Stock is $150,000; par, $50. Loans
and bills payable June 3 0,1 90 1 , $85,900; real estate mortgage, $30,030. In year ending June 30,1901, gross, $9,713; def. under operat
ing, $4,059; other incom e, $3,922; int. and taxes, $27,556; balance,
deficit, $ 2 7 ,6 9 3 .- (Y. 73, p. 783; Y. 74, p. 1194.)
B r u n s w i c k & B i r m i n g h a m R H . —Projected from Brunswick,
Ga., to Birmingham, Ala., 417 miles, with branches, making a total of
about 450 miles, o f which about 100 miles, Brunswick to Nichols, was
completed July 1, 1902, including the Oilerman & Western RK , 35
miles, purchased in Mar., 1902. V. 74, p. 774. Stock and bonds
authorized, each $20,000 per mile. Pres., Chas. L. Hyde; Sec. and
Treas.,C. J. Bushnell,71 B’way, N.Y.—(V. 74, p. 378,774.; V. 75, p. 134.
B r u n s w i c k <fc W e s t e r n R R . —See A tla n tic C o a s t L in e R R.
B u f f a l o C r e e k R R . —Owns 6 miles of terminal road in Buffalo
N. Y. In January, 1890, leased for term of charter less one day, to the
Lehigh Valley and the Erie RR., which together own entire capital
stock of $250,000. Dividends in 1898-99 to 1900-01, i n c l , 7 p. c. yearly.
B u f f a l o R o c h e s t e r & P i t t s b u r g R a i l w a y . —( See Map.)—Oper
ates from Buffalo and Rochester, N. Y., to the bituminous coal regions:
Lines owned in fee—
Miles.
Leased-Entire st’k own’d— Miles.
Buffalo Creek, N. Y., to H oward
Johnsonburg & Bradford RR.~
June., Pa................................... 85
Howard June, to Mt. Jew ett. 20
Clarion Juno., to Walston, Pa. 62 Lincoln Park & Charlotte......... 10
Rochester to Ashford, N. Y ___ 94 Perry R R ......................................
1
Four branches to m ines............ 16
Leased—Stock not owned.
Trackage—
Allegheny & Western—If
Erie—M t Jewett to Clarion J.. 21
Punxsutawney to Butler, Pa. 60
Pitts. & West.—Butler, Pa., to
Clearfield A Mahoning—IT
Newcastle................................ 44
Clearfield to Beech Creek RR. 26
Ribold Je., Pa., to Allegheny
Mahoning Valley R R ................. 2
City, Pa..................................... 31 .
Total July, 1901 (tfSee separate statement for this co m p a n y )...472
O rg an iza tio n , E t c .—Successor in March, 1887, to the Rochester A
Pittsburg, which was foreclosed in Oct., 1885. Plan of reorganization
In V. 41. p. 516. The entire capital stock ($4,000,000) o f the Rochester
A Pittsburg Coal & Iron Co. is owned (V. 66. p. 1088) and through that
company in May, 1896, control was acquired of Jefferson A Clear
field Coal & Iron Go. (see Miscel. Cos.) with $3,000,000 stock. For
bonds o f these coal companies see table above. Clearfield A Mahoning
securities are guar. Allegheny & Western, see below. In Aug., 1901,
Allied Interests purchased upwardslof 20,000 acres of coal lands In In
diana County, Pa., which will require the building of a 28-mile exten
sion. V. 73, p. 444.
St o c k .- Common stock was authorized in Nov., 1901, to be increased
from $6,000,000 to $9,000,000, to provide for conversion at par of
$3,000,000 debentures, of which the $1,000,000 outstanding were so
converted on July 1, 1902. V. 73, p. 1009; V. 74, p. 1250.
D iv id e n d s (p. c.) ; 1892. '93. ’94-98. '97. ’ 98. ’99. 1900. '01. ’02.
Preferred..........> 5
ltj
o
1
2
2
6
6 Fob.,::
Common........ 5
Bo n o s .—G en eral 5s fo r $ 5 ,5 7 3 ,0 0 0 a r e re se r v e d fo r p r io r b o n d s , e tc.;
T h e $ 2 ,0 0 0 ,0 0 0 d e b e n tu r e s o f 1 3 9 7 in th e tr e a s u r y In J u n e ,
1902 are c o n v e r t ib le Into c o m m o n s t o c k a t p a r a n d s u b je c t to
call a t I0 2 'a ; th ey are to be se cu re d by a n y su b s e q u e n t m o r t
gage u nless m a d e fo r r e fu n d in g e x is t in g prior lien s o r fo r e x
ten sion * e x clu s iv e ly . $ 3 8 4 ,0 0 0 o f t h e $ 2 ,0 0 0 ,0 0 0 In the tre a s u ry N o v .,
l e o i . are to be used to bu ild a 2 8 -m lie c o a l b r a n c h . Bee V. 64, j>. 7 0 6 ;
’ •73, p 11 09, J i l l . K. A P. In co m e 6s, $ 5 ,0 0 0 . A sin k in g fu nd o f 5
per c e n t w ill re tir e e q u ip m e n t bon d s a n n u a lly on M ay 1, If p u rc h a sa b le
at o r b e lo w par, oth e rw is e to b e ap p lied to the p u rc h a s e or a d d itio n a l
equipm ent,, V. 68, p. 1 1 3 1 ; V. 7 1 , p. 50 1; V. 7 3 , p. 348,
E a r n in g s . 1 1 mow., / 1 9 0 1 -2 .. .G ross, $5,700,765; net, $2,371,128
July 1 to May 31. (1 9 0 0 -1 ....... G ross, 5,297,898; riel, 2,288,008
Fnr 9 mow. e n d in g M ar. 31, 1 9 0 2 , n et. $ 1 ,9 7 5 ,8 5 2 , a g a in st,$ 1 ,7 9 5 ,7 2 2 ;
other In com e, $ 1 5 ,9 9 7 ; c h a rg e s , $ 1 ,0 3 3 ,5 1 3 : bal , su r ., $ 9 5 8 ,3 3 6 ,
A n n u a l R e p o r t . F iscal y e a r en d s J u n e 30. T h e a n n u a l m e e tin g Is
held at New Y ork on th e th ird M on d a y In .N ovem ber. T h e report for
1400 OJ wan g iv en a t le n g th In V. 7 3 , p. 3 3 5 . 347. In 1900 01 c a r rie d
4 ,5 9 0 ,5 2 7 ton s o f b itu m in ou s coal (ou t o f' 6,771,074 total tons of freight
m ov ed ), against, 4 ,5 6 1 ,1 7 2 In 1899 00
fea r end, June 3 0 —
1901.
1900.
1890.
1808.
M u ee J u n e 3 0 _______
472
472
338
336
Utoss ea rn in g s.............$ 5 ,8 0 3 ,6 9 3 $4 ,992 ,1 47
3,788,456
3,083,590
Wet e a r n in g s ................ $ 2 ,3 9 4 ,6 0 1 $ 1 ,8 6 3 ,2 0 7
1,172,843
1,122,018
Other in co m e ................
2 6 ,9 2 6
1 9,9 8 8
13,512
22,514
Total receipts.......$2,421,587 $1,883,255 $1,186,355
$250,000
374.000
$1,144
5
F. A A.
1,500,000
Checks mailed.
1,683,000
5 g. J. A D. N. Y ., Guaranty Trust.
1,000,000
do
do
5 g. J. A D.
802,000
5 g. M. A S. N. Y., Gallatin Nat. Bk.
1,085,000
do
do
5 g- M. A N,
3,518,000 See text. Q .-J .
Buffalo, N. Y.
Q.—M.
3,000,000
do
do
498^000
5 g. Ar A O. N. Y ., H. Fisk A Sons.
N. Y., Fisk A Robinson.
3,142,000
4 g. J. A J.
7,121,740 6 in 1902 F. A A. N. Y ., Corn E xch. Bank.
6,500,000
5
J. A D. N. Y ., Central Trust Co.
1,905,000
do
do
5 g. A. A O.
7,803,000
do
do
5 g. A. A O.
150,000
7 g. J. A D. N.Y., H anover Nat. Bk.
Feb. 15, ’ 02, 2
Feb.15, ’02,3%
Feb. 1, 1921
Dec. 1, 1922
Sept. 1, 1937
Jan. 1, 1947
Jan., 1939
Various.
1902-1908
May 1, 1919
May 1, 1920
May 1, 1921
Feb.15, ’02,2*2
June l, 1926
June 1, 1926
Nov. 3 0,1907
May 1, 1946
July 1, ’02, 1M
Oct., 1913
Apr. 1, 1951
July 1 , ’ 02. 3%
June 1, 1906
Oct. 1, 1921
Apr. 1, 1934
June 1, 1927
£1,121,700 See text. J. A J. Lon.,Chpl. M.G.Co.Lim. July 1, 1910
1901.
1900.
1899.
1898.
Interest on bonds___ $710,158
$683,321
$668,110
$665,966
Int. on floating d ebt..
33
421
330
4,264
R e n ta ls........................
473,726
303,114
127,964
121,981
Special appro’ns, etc.
552,365
330,425
Dividend on p re f..(6%) 360,000 (4%) 240,000 (2%)120,000 (2 % ) 12 6 ',000
Dividend on c o m ..(2%) 120,000
...............
B alance....................sr.$205,305 sur.$325,974 sr.$269,951 sr.$232,321
O f f ic e r s . - President, A. G. Yates, Rochester; Vice-President, Adrian
Iselin Jr., New York; Treasurer, J. F. Dinkey, Rochester; Secretary,
J. H. Hoeart, New York.
D irectors.—J. Kennedy Tod, A . G. Yates, A. Iselin, Jr., W. H . Peckham , H. I.
Barney, W alter G. Oakman, C. O’ D. Iselin, J. H. Hoeart, A . Richard, W . Emlen
Roosevelt, Ernest Iselm, Oscar Grisch, Joh n L. Riker.
N. Y. Office, 36 W all S t .-(V . 74, p .3 2 6 , 726, 829, 935, 1250; V. 75,
p. 28.)
B u f f a l o «fc S u s q u e h a n n a R R .—(See M a p .)—Owns from Keat
ing Summit to Ansonia, Pa., 62 miles; Galeton to New York State
line, 27 miles; Gaines to N. Y. State line, 31 miles; Wharton to Sinnemahoning 19 miles; Cross Fork Branch, 13 miles; leases State line
to W elleville. 10 miles, and State line to Addison, 10 miles. Total
operated. 172 miles. A consolidation in April, 1901, of several lines.
The stocks and bonds of leased lines are owned. V. 73, p. 619. The
com pany has acquired control of large coai properties at Tyler, Clear
field Co., Pa., to which point an extension from Sinnemahontng, 30 m.,
is to he built. An extension is also to be constructed to Buffalo, about
75 miles, under the charter o f the Buffalo & Susquehanna Terminal
Ry. V. 74, p. 1037; V. 75, p. 76.
Stock .—Common stocK was increased on A pril 1, 1901, from $1,518,000 to $3,518,000. In 1902 $4,000,000 4 per cent non cum ulative
preferred stock was authorized, o f which $3,000,000 was sold to pay
for bituminous coal properties, construction o f new lines in Pennsyl
vania (see above) and general purposes. V. 74, p. 1037.
D i v id e n d s —
) 1895. 1896. 1897. 1898. 1899. 1900. 1901.
paid in Jan., %
S
4
5
5
5
5
5
Below.
In 1901, Jan., 5 p. 0.; Apr., 1901, to July, 1902, both Inclusive, lkj
p. c. quar. (Q.-J.).
B onds .—The sinking fund retires each year as many 5 per cents as
Indicated by dividing total outstanding by number of years the bonds
have yet to run, purchasable in the open market, or subject to call at
par in order of numbers, beginning witli highest.—V. 65, p. 234. The 5s
are being refunded Into 4s o f 1951.—V. 72, p. 674, 871,1034,1279.
The 4 per cents cover entire property, subject as to a portion there
of to lien of the 5s. They also cover 3,000 acres of bituminous ooal
lands at Tyler, Pa. Of the bonds not exceeding $3,760,000, includ
ing bonds set aside fo r refunding purposes, can be Issued on the 172
miles of road and the coal properties mentioned. Further amounts
may be issued for the construction or acquisition of additional road
at not over $25,000 per mile, for new terminals, control of coal prop
erties and for new equipment.—V. 73, p. 619. Total authorized issue,
$15,000,000, but additional amounts at $15,000 per mile may be is
sued for double-tracking mileage already covered by the mortgage.—
V. 73, p. 619, 899. A sinking fund of 3 cents per ton o f ooal mined Is
provided lor, to tie Invested in the bonds if purchasable at not exceed
ing HO i>. 0., otherwise in savings bank securities.
E arning *.—11 months,? 1901-02— Gross, $772,157; net, $333,010
July 1 to May 31.
\ 1900-01....G ross, 659,338; net, 276,146
For 11 rnos. ending May 31, 1902, other income, $32,655; charges,
$136,269, against $81,070; bal., sur., $229,397, against $195,702.
R e p o r t .— Report for year ending Juno 30, 1901, w a s given a t
length in V. 73, p. 008, 619, allowing: Gross, $721,965; net (over
taxon), $301,505, other Income, $6,428; Interest and rentals, $94,445;
dividends paid (7 8i) per cent, $138,850; bal., am-., $74,098. In 1899-00.
gross, $732,991; not, $ 3 4 7 ,9 9 0 .-(V. 73, p. 899;
74, p. 150, 1037; V.
75, p. 76.)
V.
“ B u r l i n g t o n . ” —8 e o C h i c a g o B u r l in g t o n & Q o in o y RR.
B u r l i n g t o n C e d a r R n p l d a A N o r t h e r n R y . — Operates:
Lines owned in fee—
Burlington, la., to Erin, Minn.
(leas 1 1 Jointly leased)............ 296
Branches owned to Postvllle,
Riverside, Holland, eto...........310
Leased—
Manly Jo. to N orthwood......... 14
Jjeased—All stock ownedIow a OUy A Western HR.___
73
Cedar Rapids, I. F. A N. W.,
Holland, la., to Watertown,
80 . Dak., A c.......................... 511
Cod. Rap. A Clinton UK., An 109
Trackage, (over (J. M, A H I’ .) 45
fc.
Total operated Jan. 1 ,1902....................
. . . . ..... ..............1,355
Extension of main line north to Erin, 1!) miles, was built In 1901;
this with trackage rights over the Chicago Mil waukt 0 A Ht. Paul from
t.rln.to Rosemonnt, M inn,,27 miles, and from N ew portto Minneapolis,
1 H miles, together with the purchase of the 8011th Ht. Paul Belt R y .’
Hoiit.h hi,. Paul 1.0 Newport, 3 J miles, affords entrance to hi. Paul and
a
Minneapolis, the through line to the latter tiiuons being operated In
July, 1902. V. 74, p. 1249.
_ if' I'H , , -The Chicago Rock Ldand A Pacific Ry., which owned over
$ 3 ,000,000 or the $7,12 1,740 stock, leased the road fop 099 years from
Juno 1. 1902, on a. basin of fixed charges and (! per cent on the stock.
The minority stockholders (the remaining stock having been largely
MAP OF THE
ft
40
BUFFALO & SUSQUEHANNA
RAILROAD
INVESTORS’
SUPPLEMENT.
[V o l .
l x x v
.
R AILROAD
J u l y , 1902. J
STOCKS
AND
93
BONDS,
Bonds—P rin ci
IN TEREST OR D IV ID EN D S.
pal, When D ue,
Miles Date Size, or
A m ount
When
Par
of
of
For explanation o f colum n headings, &c., see notes
Outstanding R ate per Payable Where Payable, and by Stocks—Last
Whom.
R oad. Bonds Yalue.
Cent.
D ividend.
on first page o f tables.
R A ILR O A D S.
40 1896 $1,000
C alifornia East’ n—1st M., gold, $15,000 p er m ile.
25 1898
1,000
Cal. N orthw —1st M ., g. ($2,000,000, gu. p.&i.) s.f.
California P a cific—Se e So u th e r n Pacific RR.
1,000
Cambria < C le a r fie ld - 1st M. ($2,000,000) g.G P .o* 103 1891
&
Camden < Atlantic—See W est J e r s e y & Se a Sho RE.
&
30
Camden dt Burlington County—Stock, 6 p. ct. guar.
25
30 1897
1,000
1st m ort., $350,000, gold, gu.p.& i.by P .R R .O P .c*
138 1889
Canada Ati — 1st M., g., O ttawa to Lacolle, & c .F c *
1,000
261
Ottawa A m p rio r Sc Parry Sound, 1st m ortgage.
1902
Canada A tl.. con. M., g., guar. p. & 1. See te x t ..
38
Central Counties, 1 st m ortgage, interest ren tal..
i ‘, o o o
Canada Mich. <• Chic.—1st m ort. See Y. 63, p. 838
£
459
100
Canada Southern—Stock...............................................
1st M. $14,000,000 (Can. m oney). S eeY .63.p .l88. 404 1878
1,000
2d M. fo r $6,000,000. Canad’n m oney. Do.do.c&r 404 1883 l,00 0& c
16 1895
Learn. & St. C la irlst M., gold, gu., p.& i.(end)— c*
1,000
Canad’n Norih’n—W in.& Sask.D iv.bds.g.(Seetext)
T
—
1900
1900
Ontario D iv., m ortgage debentures (see text) —
£100
....
....
100
C a n a d ia n P a c ific —Stock (See t e x t )........................
. . ..
....
£ 1 &C
Pref. stock lim ited to 4 p. c., n on -cum ulative— r
269 1880 £ 1 0 0 &C
Canada Central R R . 2d m ortgage (now 1 st).......
Quebec P rov. dne on Q. M. O. & 0 . and N. S. R R . 370 ’ 82-’83
....
1881 500 &o.
Can. Pacific, land m ort, gold (redeem at 110) —
1st m ortgage debenture sterling........................ 3,221 1885 £ 1 0 0 &c
183 1888 £ 1 0 0 &c
1st mort. on A lgom a Branch, g o ld ................c*&r
Land grant bonds, int. gu. b y Can. G ov ’t . ..e*<fcr . . . . 1888 £ 1 0 0 &c
....
1889 £ 1 &e.
Consolidated perpetual debenture stock ............
Securities
of
Principal L eased,
etc.,
Li NES.
Manitoba S. W. Col. R ’y $12,000 p. m ., int. gu ar.g
A tlantic & N orthw est-List m ort. gold, guar. .c*<fcr
North Shore R y .—1st M. C. P. owns $ 61 0,7 6 7...
St. Law rence & Ottawa—1st m ort., gold, see tex t
Ontario & Quebec stock guaranteed in perpetuity
218
350
205
58
—
’ 94. ’95. ’96.
3 3
4
’ 97. '9 8 .
'99 .
’ 00.
5 g. J. & J. M orton Trust Co., N. Y. Ju ly 1, 1921
fc
5 g. A. & O. San Fran. < N ew Y ork, A pr. 1, 1928
1,279,000
5 g. J. & J. Phila., B road St. Stat’n. Jan. 1, 1941
J. & J. Phila., B road St. Stat’n.
381,925
6
do
do
350,000
4 g. F. & A.
=
3,450,000
5 g. J. & J. N .Y.,B k.M ont., & Mont.
5
1,500,000
See text.
4 *2g.
380,000
5
W orthless.
15,000,000 2 ^ i n ’ 02 F. & A. N. Y ., Gr. Cent. Station.
J. & J. N. Y ., Union Trust Co.
5
14,000,000
5
M. & 8. N. Y ., U nion Trust Co.
6,000,000
130,000
4 g. A . & 0 . M ontreal, Bk. o f Mont.
4 g.
(?)
£700,000 See text. J & D j o London and T oronto.
See text. 5 in 1901 A. & O. N. Y .,5 9 Wall St. & Lon.
A. & 0 . London, Co.’ s Office.
4
31,171,000
6
Yarious
973,333
Montreal.
do
7,000,000
4120 A. & O.
1,314,000
5 g. A. & O. M ontreal,N .Y .orL ond’n
34,998,633
5 g. J. & J. London, Baring B. & Co.
do
do
3,650,000
5 g. J. & J.
do
do
15,000.000
33«g. J. & J.
63,532,000
4
J. & J. London, Com p’ys office.
1884
2,544,000
1,000
1887 £ 1 0 0 &c £ 1,330,000
$616,120
1883
£ 10 0
£20 0,0 0 0
1876 £ 5 0 &C
2,000,000
—
100
exch an ged) were offered the right to J u ly 15 to exch an ge th eir stock
dollar fo r dollar, fo r stock o f the Chic. R. I. & Pac., such righ t c a r r y
ing the p rivilege to subscribe at par to 12*^ per cen t in n ew stock o f
the latter. V. 74, p . 1194, 1354; V . 75, p. 28.
D iv id e n d s — 5 ’93.
Per cent. ? 3
$600,000
625,000
’01.
'02
4 4
8
8 6
6
D ividends under lease to be 6 p er cen t yearly.
B onds — Cedar R apids I. F. & N. W. bonds are guaranteed (p. &i.),
and so endorsed. V. 68, p. 185, 721.
Of the B. O. R. < N. 5s o f 1884 (Central Trust Co., Trustee), bonds are
&
reserved to retire, if deemed best, all prior and divisional bonds. F or
extensions bonds m ay b e issued at $15,000 per m ile fo r single and $7,500 per mile fo r second track, the total author, issue n ot b em g lim ited.
M inneapolis & St. L ou is bonds due June, 1927, num bered from 1,101
to 1,400, fo r $500 each ($150,000 in all), have been assumed.
Earnings.—4 mos., >1902 ...........Gross, $1,677,012; net, $644,058
Jan. 1 to A p r il30.
>1901...........Gross, 1,548,645; net, 491,039
a n n u a l R e p o r t .—F iscal year ends D ec. 31. A nnual m eeting is held
on last Tuesday in May. R eport fo r 1901 w as in Y . 74, p. 1249.
l e a r ending Dec. 31— 1901.
1900.
1899.
1898.
Miles oper Dec. 31
1,299
1,287
1,171
1,136
Gross earnings........ $5,360,607
$4,848,277 $4,926,933 $4,545,643
1,250,842
1,432,761
1,430,821
Net earnings.......... . 1,852,593
102,714
260,981
123,101
60,123
Other receipts.........
T otal net in com e.. $1,955,307 $1,511,823 $1,555,862 $1,490,944
Interest on d eb t....... $792,200
$791,150
$795,275
$799,400
D ividends..................(6)427,239 (8)440,000
(8) 440,000 (4) 220,000
18,045
19,977 ____. . . . ___
66,893
M iscella n eou s.........
Surplus................... $717,823
$260,696
$320,587
$404,651
- ( V . 74, p. 1194, 1 2 4 9 , 1250, 1354; V . 75, p. 28.)
JButte A n a c o n d a Sc P a c i f i c R y . - B u t t e to A naconda, 26 m iles
spurs, 22 m iles ; A n aconda to Stuart, M ont., form erly part o f M ont.
Union R y., 8 m ile s ; total, 56 miles. Bonds authorized at $40,000 per
mile. Capital stock, $1,000,000 (par $100). On June 30, 1901, the
Great Northern owned $490,000 stock and $1,000,000 b o n d s ; A n a
conda Copper M ining Co. ow ned $510,000 stock.
For year ending June 3 0,1 90 1 , gross, $807,024; net, $278,304; in ter
est, rentals, etc., $83,579; balance, surplus, for year, $194,725. D ivi
dends at 6 per cent per annum in 1900-01.
C a l i f o r n i a E a n te r n R y . —Owns 30 m., from B lake to Ivanpah,
Cal. In June, 1902, the A tch. Topeka Sc Santa Fe acquired control.
V. 75, p 28. A reorganization in 1896 of the N evada Southern Ry.
stock, $588,800.
bge trustee is In tern ation alT ruat C o., D e n
ver, Col, Year ending J un e 30, 1900, gross, $ 2 9 ,9 1 1 ; net, $12,141,
Pres., R. W. W oodbu ry, D enver, C o l—(V. 75, p. 28.)
C a l i f o r n i a IT Iid ia n d H R . —V. 73, p. 899.
C a l i f o r n i a Sc N e v a d a R K . - V . 73, p. 1312; Y. 74, p. 378, 576.
C a l i f o r n i a N o r t h w e s t e r n R y , —Operates under lease the San
Francisco < North Pacific Ry., extending from P ort Tiburon, Cal.
v
( whence ferry to San Francisco, 6 miles), to Ukiah, Cal., 106 miles, and
branchen, 59 miles. A lso, in Sept., 1900, began to build an extension
60 miles into the icd w ood forests o f M endocino and H um boldt cou n t
ies. C at,of which Ukiah to Willits, 25 m iles, are in operation.
Stock. $3,000,000; is sued, $1,500,000; par, $100. Bonds are issuable
at $25,000 per mile, being guaranteed b y San Francisco A North Pacific,
leased for net profits for 20 years from Sept. 2 0,1898. Pres., A. W.
Foster; V.-Pres., Geo. A. N ew h a ll; Sec, and Com p., Thos. Mellersh.
~ fV . 6 7 ,p. 370, 688, 788; V. 73, p. 444.)
C a l i f o r n i a P a c i f i c I t y . — See S o u t h e r n P a c i f i c HR.
C a m b r i a Sc C le a r f ie ld I t I t , — Cresson Jet. to H oover’s Mill Branch
J e t , 50 miles; branches, 53 to. Stock (par $50) paid in $ 1 ,3 0 0 ,5 5 0 all
owned by Die Pennsylvania RR. Co., which operates the property under
an arrangement terminable at option o f either party. Net earnings are
paid as rental. A l ull abstract o f the m ortgage was in V. 52, p. 976. Of
the bonds, $634,000, were on Jan. 1, 1.902, owned b y P e n n . Kit.
In year 1901, g r o s s , $488,768 ; net, $114,177; Interest and taxes,
$i 11,390, Tn 1900 gross $457,403; net, $144,351.
C a m d e n A: Iln r lf n g t o t i C ow n t y l i l t , —Owns from Camden, N. J.,
to Pemberton. N. J .,2 3 miles; branch, Burlington, N. J., to Mount Holly,
7 miles; total, 30 miles. Operated by the Penney]vania KK., which
guarantees 0 p e r cent on stock, Stock. $381,925; par $25. Dividends
in January and July. In I 9 0 !, gross, $287,960; net. $43,066; profit to
leasee under rental, $5,651. tn 1 9 0 0 ,gross, $277,488.—(V. 04, p. 373.)
C a n a d a A t l a n t i c iS y . — ( i c e M ap (treat N o r t h e r n R a i l r o a d o f
C a n a d a , ) - Owns Depot Harbor, Ont., on Georgian Bay, via Ottawa, to
Vermont State line, 399 m iles; trackage to Hwantoo, V* . 6 mifes;
leases for 99 years from the Central Counties Ry. branch from (Hen
Robertson to Hawkesbury, 21 miles, and branch, South Indian to
Rockland, 17 miles, and from Pem broke Sc Southern Ry. branch from
Pem broke t*> Golden Bake. 20 miles, at 25 per cent of gros onrn)rigs;
total, 466 miles. The com pany runs through trains to Montreal, using
the Grand Trunk Ry. from Cot-eau, Montreal, 37 rnlle.s. u n d e r a tralilo
contract. In Aug., 1899, absorbed Ottawa Arnprior Sc Parry Hound.
In June, 1902, the option for the con trolling Interest, It was under
Stood, was extended
V. 74, p. 1 1 9 4 .
Canada A tlantic Transit Co., organized about Oct,, 1899, with
m1,000,009 stock, will operate a fleet of steamers from Parry mmd to
Duluth, Milwaukee and Chic ago.- -V, 69, p. 954. The Great Northern
5 g. J. & D.
5 g. J. & J.
A. & O.
5
(6) 4 15J.&D.
6
J. & D.
J u ly, 1902, 3%
Feb. 1, 1927
Jan. 5, 1909
2002
Aug. 1, ’02, 1
Jan. 1, 1908
Mch. 1, 1913
Oet. 1, 1945
1930
June 3 0 ,1 9 3 0
Apr. 1, ’02, 2hj
A p r. 1, ’ 0 2 ,2 %
N ov. 1, 1910
Mar. 1,1904-06
Oct. 1, 1931
Ju ly 1, 1915
July 1, 1937
Ju ly 1, 1938
Irredeem able.
N. Y ., 5 9 W all & London June 1, 1934
London, B aring B. & Co. Jan. 1, 1937
do
do
Apr. 20, 1904
Can. Pac. office, London.
See text.
M ontreal and London. J
June, 1902,3%
Ry. o f Canada, together with the Canada A tlantic, form s a short
through rou te fo r ocean-bound freigh t from P arry Sound to the deep
w ater docks at Quebec.—V. 70, p. 279.
St o c k , $6,200,000 com m on and $1,000,000 preferred, all issued, to
gether w ith $6,158,300 com m on. The stockholders on M arch 1 1 ,1 9 0 2 ,
authorized a consolidated m ortgage to secure 100-year 4 1 per cent gold
$
bonds at $25,000 per m ile and $1,200,000 on the St. Law rence bridge
at Coteau, a p ortion being reserved to retire the present outstanding
bonds.—V. 74, p. 679.
E arnings .—8 m o s „ > 1901-2.................. Gross, $1,187,097; net, $340,922
J u ly 1 to Feb. 28. > 1 90 0-1.. ..............Gross, 1,172,246; net, 206,593
R eport fo r year ending June 30, 1901, in Y. 73, p. 954, show ed gross,
$1,786,338; net a bove taxes and rentals, $374,905; net earnings o f
steamships, etc., $36,649; n et revenue fo r interest, etc , $411,554. In
1899-00, gross, $1,824,865; net, $366,037.— (Y. 74, p. 935, 986, 1194.)
C a n a d a M i c h i g a n & C h i c a g o . —B onds worthless. V. 63, p. 83B
C a n a d k S o u t h e r n R y . —(See Map New York Central < H udson R.
£
R ailroad.)—R oad—Main line from Suspension B ridge station, in clu d
ing the Cantilever B ridge to W indsor, Out., 226 miles; branches to
Courtright, Ont., etc., 231 miles; total, 457 miles, o f w hich 100 m iles are
nom inally ow ned b y proprietary com panies. Trackage, St. Thom as to
London, Ont., 15 miles. D ouble track. 135 miles.
Organization, Contracts, E tc.—The Com pany w as chartered in
Canada February 2 8,1 86 8 , and debt readjusted m 1878. In N ov., 1882,
a close con tract was made w ith the M ichigan Central fo r 21 years from
Jan. 1 ,1 8 8 3 , p rovidin g for paym ent to Canada South’n o f one-tliird jo in t
incom e ov e r fixed charges. U nder re-apportionm ent o f D ecem ber,
1892, it was agreed to give the Canada Southern 40 p er cen t and the
Mich. Cent. 60 per cent o f the first $1,000,000 o f net earnings, any
am ount over that to be divided on the basis o f one-third and two-thirds,
as before. B ut under the original contract each com pany is still accordea
all benefit from the reduction in its fixed charges ; consequently as the
M ichigan Central to JaD. 1 ,1 8 9 8 , had reduced its charges about $327,000. that am ount is credited to it b efore division is m ade V. 64, p. 5 .
D ividends — 1888 ’ 89 ’90 '91 ’ 92 ’ 93 ’ 94 ’ 95 ’96 ’ 97-01 1902
8 in ce 1887 .......2 ^ % 2 ^ 3*2 2 ^ 3
3 3 2 1q 2 ^ 2 yearly.
2*2
A nnual R e po r t .—R eport for 1901 was ip V. 74, p. 1136; Canada So.
sh a reof earnings, $375,238; other incom e, $1,832; dividends (2 ^ p .c.),
$ 37 5,0 0 0; bal., surplus fo r year, $2,071.
In 1900 Canada So. share,
$300,852. T otal sur. Jan. 1,1902, $14,316.—) V. 74, p. 11 3 P , 1354.)
C a n a d i a n N o r t h e r n R y . —Port A rthur. Ontario, on Lake Superior
w esterly and northw esterly via W innipeg, M anitoba, to Erwootl, near
the Great Saskatchewan River, 812 miles, o f w hich W irm ipegto B eaver,
75 miles, is a portion o f the N orthern Pacific leased lines referred to
below; P ort A rthur south to Gunflint, 86 miles; h an d les leased from
N orthern P acific (W innipeg to Pem bina, 69 m.; M orris to Brandon, 14ft
m,\ B elm ont to H artney, 51 m.; Portage la Prairie to Delta, 16 in.) 281
miles; other branches not leased, 42 m.; total Feb., 1902, l ,181 miles.
The M anitoba lines of the N orthern Pacific R y., 354 miles, included
above, are sub-let from the P rovin cial G overnm ent for 999 years from
May 30, 1901, at $210,000 annually fo r first 10 years, then $225,000
for 10 .vears, then $275,000 fo r 10 years, and thereafter 300,000, with
the option of purchase at a n y tim e fo r $7,000,000. A line from Sprague
to Duluth, to insure a w in ter rail route for wheat is to bo constructed,
Extensions also projected w esterly to Edm onton, Northwest Territory,
im o British Columbia, to the Pacific Coast and easterly to Quebec,
O ttaw a and Montreal. —V. 74, p. 477. The M anitoba G overnm ent has
the option to purchase the entire p rop erty in 1929 and guarantees
certain o f ihebon ds. See below and V. 72, p. 437; V. 73, p. 615.
O rg an izatio n ,—A consolidation in 1898 of the W innipeg Great
Northern R y , the M anitoba Ry. A Canal Co, and other properties.
William Mackenzie o f T oron to, Senator George A. Cox and the Cana
dian Bank o f < onumeroe are floating the enterprise. V. 74, p. 1250.
Sto c k . June 3 0 ,1 9 0 1 , a u th o r iz e d , $24,750,000; s u b s c r ib e d and paid
up, $7,000,000.
B onds .-—
The Ontario division 4h)8 were to be a first m ortgage on
the main line 4 f that division, from Port Arthur lo the Rainy R iver
at Urn western boundary o f the Province or Ontario, the term!
unis at Port Arthur, and on 550,000 acres of land grant, and a, gen
eral charge on the whole undertaking, subject to first m ortgage
charges created or to he created at not over $ 10,000 per mile o n (lie
various branches • f the Ontario division and on Hie W in nip eg and
Saskatchewan divisions and branches. Trustee D Nat. Bit. of Com
rne.re.e, Toronto, hi forest Is guaranteed by the con tractors, M ackenzie
Mann <, Ho., o f Toronto, Can., until one year after the line Is opened
V
for traffic. The principal ($20,000 per mile on the 290 ml'I oft) and in
t.erest at 4 per cen t will be guaranteed by the G overnm ent, but the
bonds arc not to bo Issued until the const ruction and operation o f the
lines, and Hie present outstanding bonds are delivered In exch an ge,
fur which the G overnm ent lias a m ortgage on the ent ire, property, In
cluding Northern Pac. lease and option to purchase. V. 72, p. 338, 437.
I he £700,000 Ontario Dlv. deb. thm were offered the privilege of e x
change for an equal am ount of 4s, guaranteed, principal and interest,
by the G overnm ent of M anitoba. V. 74, p, 88 2 .
Bonds on W innipeg and fi&akatohd'Wnn divisions, guaranteed p rin ci
pal arid Interest by the Govern men f o f Manitoba, have been Issued at
$ 8,000 per mile, which may be Increased to $1.0,000 later V. 71, p. 235.
Total land grant to be 2,450,466 sere > On the main line la Man]
.
tube 0,400 acres and In Hankatebewan 12,800 acres \ or mile.
24
INVESTORS’
SUPPLEMENT,
LVol. LXXV".
n on as—P rin ci
INTEREST OR DIVID EN DS.
Miles Date Size, or
pal,W hen Due.
A m ount
of
of
Par
Rate per W hen Where Payable, and by Stocks—Last
F or explanation o f colum n headings, Ac., see notes
Road. Bonds Value. Outstanding Cent. Payable
Whom.
on first page o f tables.
Dividend.
R A ILR O A D S.
C a n a d ia n P a c i f ic —(Concluded)—
Ont. A Que. deben., interest guar, in p erp etu ity ..
T oronto Grey A Bruce, 1st M., gold, int. as rental.
N ew B runsw ick R y.lstM .,gold ,in t.from ren taL c*
Perpetual consol, debent, stock, int. gu ar..........
Minn. 8t. P. A S. Ste. M arie—See statem ent o f
Duluth So. Shore A A tla n tic—See statement o f
Cane Belt—1st m ort., $824,000, red. aft. 5 yrs., g
Cape Breton R y — 1st M., $2,400,000 g .S ............ c*
C arolina Central— Bonds—See Seaboard A ir L i
C arolina N orthern—1st m ort., $ 5 0 0 ,0 0 0 .G u P ---Carolina < Northwest.—1st m ortgage, $ 4 5 0 ,0 0 0 ....
&
General m ort., gold, $14,000 per m ile.Ta...c*<fcr
Carson < Colorado—1st M., gold, sink. fd.Mp.c*<fcr
&
Carthage < A d i r —IstM . $1,600,000 g. gu.,Un.c*<fcr
&
Carthage Water.& Sack.H ar.—l i t M . g.,gu.n.&i.end.
Catasauqua < Fogelsville—1st m ortgage, g .P e P .c *
£
Catawissa—P ref. stocks, 5% gu. P. A R . R y. See text.
1st m ortga ge...................................... .......................r*
1st consol, m ort., $2,215,000, g o l d . P e P ...........c*
Catskill Mountain^— irst m ortgage............................
F
1st incom e bonds....................................................... .
Cayuga < Susq.—Stock, 9 p. c. rental D . L . A W ___
&
Cedar Rapids Iow a Falls & Northwestern—See B ur
Central B ranch—Cent. Br. U. P. 1st M . ,g .U n ... c *
Central B ranch, 1st m ort., guar., gold ........... M e
Cent. Fla. & G ulf 0 .—1st M., $2,000,000,g.,textSc& r
C e n t .o f G eo rg ia R y . —1st M.,$7,000,000,g.G.c*<fcr
Consol, m ortgage, $18,500,000, gold M e ---- c*<fcr
M ob. D iv. 1st M. (Columbus to Andalusia) g.G .c*
M acon A N o.D iv. 1st M., $840,000, g old .M B a .c*
Mid. Ga. A At. D iv. 1st M .,$9,000 p. m .,cu r Go*
E atont. Br. 1st M. n ot guar, b y Cen. Ga.. g------
671
191
174
£1
£100
£100
£1
that c o m p a ny.
that c o m p a ny.
1,000
69 1901
1901
1,000
ne
....
1883
1884
Ry
41
110
110
300
43
29
....
98
. ...
103
16
34
1899 500 A c.
500
1897
1,000
1900
1892
1,000
1892
1,000
1,000
1891
1,000
1898
....
50
1862
500
1,000
1898
1885
1885
30
LINGT ON CE DAR RA
100
288
312
1,132
138
102
Text.
21
1898
1899
1902
1895
1895
1895
1895
1897
1896
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
President, W illiam M ackenzie; Sec. and Treas., J. M. Smith, T oronto,
C anada.—(V. 73, p. 6 15 ; V. 74, p. 477, 822, 1250; V. 75, p. 76.)
C a n a d i a n P a c i f i c R y . —R o a d —Ow n a trans-continental railw ay
from M ontreal to the P acific Ocean, m ade up as fo llo w s J u ly 1, 1901.
M ontreal to V an cou v er..........2,905 U nder con struction Ju ly 1,
60
Branches and auxiliaries— 1,911
1901.........................................
Leased lin es.............................. 2,653 Operated acct. of ow n ers___ 732
A lso controlled but op. sep.—
Used jo in tly ..............................
94
IFMinn. St. P. A Sault Ste. M.1,409
lIDuluth South S. A A tla n tic 568
Total in traffic retu rn s....... 7,563
ITSee each c o ’s statement.
H istory, E tc.—incorporated Feb. 1 8 ,1 8 8 1 , under charter from D o
minion o f Canada, receivin g $25,000,000 in cash as a subsidy, also
25,000,000 acres o f land, all to be fit for settlement. The Ontario
& Quebec, M ontreal to Toronto Junction, 334 miles, was leased in 1883
fo r 999 years, and its stock and bonds guaranteed. In A u g., 1901,
co n tr o l was purchased o f th^ K ingston A Pem broke R y., K ingston,
Ont., to R enfrew , with branches, 113 m iles.—(V. 73, p. 444.> In Oct.,
1901, tw o branches, aggregating 36 miles, w ere opened. In M ay, 1902,
acquired the Ottaw a N orthern < W estern R y., exten d in g from HulL,
fc
opposite Ottawa, to Gracefield, Que., and from A ylm er to W altham ,
Q ue., 71 miles. V. 73, p. 1161; V. 74, p. 937, 988.
Stock.—The com pany bought of the D om inion G overnm ent an annu
ity o f 3 p. c. per annum on the com m on stock for the ten years 18841893, the last p aym ent having been m ade in August, 1893. The issue
of preferred stock m ust n ever exceed one half the com m on stock. In
1902 the authorized com m on stock was increased from $65,000,000 to
$85,000,000, the holders o f the com m on stock having the right to A pril
26 to subscribe to $19,500,000 o f the new stock at par, payable in
five equal instalments, viz.: On subscription, June 27, Aug. 27, Oct.
27 and Dec. 27, 1 9 0 2 .-V . 74, p. 267, 378, 829.
Dividends— )
’90-’ 93. "94. ’ 95. ’ 96. ’ 97. ’ 98. ’ 99. ’00. 1901. 1902.
Com m on p. c. > 5 y ’rly 5
0 2^ 2^ 4^ 4 5^ 5
A p r.,2 ^
Preferred p.c. ) Issued in 1894.
4 p. ct. yearly (2 A . & O.)
B onds, D ebenture Stock, Guaranteed B onds, Etc.—In May,
1888, the com pany relinquished its exclu sive right to operate in Mani
tob a lines to the International Boundary, receivin g the Dom inion G ov
ernm ent guarantee o f interest on $15,000,000 o f land bonds. These
bonds are a lien on 15,444,200 acres o f land subject on ly to $1,314,000
land grant bonds o f 1881, which are redeem able at 110.
List o f securities held against consol, debenture stock in V. 73, p. 557.
In June, 1890, com pany agreed to guarantee the principal and inter
est o f $20,000,000 4 per cents, to be issued by the Duluth South Shore
A Atlantic; also 4 per cent interest on con sol, bonds o f the Minneapolis
St. Paul A Sault Ste. Marie and in 1899 interest on the 2nd m ortga ge
4s o f the latter, and in 1901 interest on $1,254,000 M ineral R ange 4
per cent bonds. (See V. 50, p. 874; V. 51, p. 239; V. 52, p. 608; V. 68,
p. 669, 770; V. 73, p. 556.) Owns Dul. S. S. A A t. consols. $15,107,000.
To the A tlantic < Northwest Railroad, crossing the State o f Maine,
&
the Dom inion Governm ent grants a subsidy o f $186,000 per year till
1906 and Canadian Pacific guarantees the balance of interest m oney.
St. Law rence & Ottawa bonds are endorsed w ith the Canadian Paoiflo’ s
acceptan ce o f a 999 years’ lease at a rental sufficient to pay 4 per cent
interest on bonds, and the bondholders’ agreem ent to a ccep t Interest
at 4 per cent (instead o f 6 per cent as form erly), and to refrain from
dem anding principal (due 1910) during continuance o f lease.
The New B runsw ick R ailw ay consolidated debenture stock has
Interest guaranteed by C. P.; interest on the first m ortgage bonds,
though n ot guar, is paid out o f rental under 990 year lease o f 1890.
L an ds .— Lands unsold June 3 0 , 1901, were 15,071,916 acres o f Can
adian Pacific grant and 857,831 acres o f Manitoba South Western
grant and 174,656 acres o f Colum bia and K ooten ay grant. Total
sales in 1900*01, notinclu d. C.A K. grant, 399,808 acres, fo r $1,262,224.
F or 8 mos. ending Feb. 2 8 ,1 9 0 2 , sales were 778,903 acres fo r $2,482,762.—V. 74, p. 775, 935.
G e n e r a l F in a n c e s . - In 1902 stockholders subscribed to $19,500,000
new com m on stock at par, payable in instalments during 1 hg2, the
proceeds to be used for equipm en . and im provem ents, together with
$3,000,000 appropriated from the surplus earnings fund. V. 74, p. 378.
In 1900-0i £900,000 o f 4 per cent preference stock and £430,000
consolidated debenture stock w ere sold, and proceeds applied to pur
chase o f railw ays, extensions, additions, im provem ents and equip
ment ; also £830,000 4 per cent consolidated deb. stock for purchase
o f securities of the M anitoba A N orthwestern R y., 253 miles, and
G reat N orthwest Central R y., 70 miles, form erly leased lines. (V. 70,
p .5 3 5 ,9 9 5 ; V . 7 3 ,p.556.) E xtension proposed in 1901, see V .73, p. 556.
E arnings.—11 mos., ( 1 9 0 1 -2 ..Gross, $34,323,082; net, $13,239,175
July 1 to M ay 31. 5 1 9 0 0 -1 ..Gross, 28,153,026; net, 10,987,943
A nnual R eport.—Fiscal year now ends June 30. A nnual m eeting is
held at M ontreal on the first W ednesday in O ctober. The report for
1900-1 in full was in V. 73, p. 551, 556. See also editorial p. 530.
Year ending
-Calendar years.June 30. 1901.
1899.
1898.
Miles operated end o f y ea r___
7,563
7,000
6,681
Passenger earnings................... $8,083,370
$6,538,590
$7,098,097
F r e ig h t........................................ 18,983,186
16,231,445
18,738,885
Mail, express and m iscell.......
3,788,648
3,368,942
3,393,056
Total earnings.....................$30,855,204
$29,230,038
$26,138,977
£4,007,381
£719,000
£63 0,0 0 0
£858,300
693,000
500,000
J. A
5
4 g. J. A
5 g. F. A
4
J. A
D. London, M orton, Rose.
J. Toronto and London.
A.
London.
J.
do
Irredeemable.
Ju ly 26, 2882
Aug. 1, 1934
Irredeem able
5 g. J. A D. L incoln Tr.Co , 8t Louis June 1, 1921
5 g. J. A J. N. Y ., Standard Tr. Co. Ju ly 2, 2001
$425,000
5 g. A. A O. Phila., Gu.T. & S. D.Co.
M. A N. Exch. Bk., Chester, 8.C.
See text.
5
See text.
5 g. M. A N.
2,000,000
4 g« J. A J.
1,100,000
4 g- J. A D. N.Y. Grand Cent. Stat’ n
do
do
300,000
5 g. J. & J.
135,000
Philadelphia, Pa.
4: g. J. A J.
M. A N. Philadelphia Co.’s office
See text.
5
do
do
See text.
6
F. A A.
do
do
2,215,000
4 g. A. A O.
50,000
F. A A. CTskill,N .Y., Tan.NL Bk.
5
238,000
6
Divid’d pd. Sept. 10,’97.
589,110
9
J. A J. N ew Y ork, 52 W all St.
PIDS A NORT HWESTE RN.
2,500,000
4 g. J. A D. N. Y ., Merc. Trust Co.
Do
do
3,459,000
4 g. F. A A.
N’ne J n e ,’ 02
5 g. A. A O. N. Y ., Standard Tr. Co.
7,000,000
5 g. F. A A. N.Y. GuarantyTrustCo.
do
16,700,000
5 g. M. A N.
do
1,000,000
5 g. J. A J.
do
840,000
5 g. J. A J.
5 cur j . A J.
do
413,000
168.000
5 g. J. A D.
Apr. 1, 1929
1927
M ay 1, 1950
Ju ly 1, 1941
Deo. 1, 1981
July 1, 1931
July 1, 1928
M ay 1 9 /0 2 ,2 ^
Aug. 2, 1902
Apr. 1, 1948
Aug. 1, 1905
Aug. 1, 1915
J u ly ,’ 02, 4 ^ %
June
Feb.
A pr.
N ov.
N ov.
Jan.
Jan.
Jan.
June
1,
1,
1,
1,
1,
1,
1,
1,
1.
1948
1919
1932
1945
1945
1946
1946
1947
1926
Year ending /-------- Calendar years- — —
\
1899.
1898.
J line 30, 1901.
58*16
59*92
Per ct. o f oper. exp. to eara’gs.
60*75
$12,230,166 $10,475,372
Net earnings....... ...................... $12,109,376
1,150,198
423,367
Interest re ce iv e d ......................
933,425
$13,042,801 $13,380,364 $10,898,739
F ixed charges............................ $7,305,835
$6,816,676
$6,774,320
F or steam ships..........................
150,000
155,000
D ividends on com m on sto ck .(5)3,250,000 (5)3,250,000 (4)2,600,000
Dividends on pref. s to ck ... (4) 1,222,506
(4) 954,840
(4) 472,708
Balance, su rplus..................$1,114,460
$2,203,848
$1,051,711
—(V. 74, p. 378, 426, 679, 775, 829, 935, 1194; V. 75, p. 76.)
C a n e B e l t R R . —S ea lyto B ay City, T ex., 69 miles, com pleted July,
1901. In June, 1902, con tract was let fo r exten sion from B ay C ity to
M atagorda, 2 3 ^ miles. Lincoln Trust Co. o f 8t. Louis is the m ortgage
trustee. F or 11 mos. ending M ay 3 1 ,1 9 0 2 , gross, $163,584; net, $58,326. Y ear ending June 30, 1901, gross, $58,844; net, $27,712.
President, Jonathan Lane, H ouston, Tex.; Sec., I, P. Fell, Office, Eagle
Lake, T ex.—(V. 73, p. 444, 956.)
C h p e R r e t o n R y , - I n M ay, 1902, about 30 miles had been graded
and nearly 20 m i'es com pleted o f a line from Louisburg, on east coast
o f Cape B reton Island, N. [S., southeast 86 miles to H awkesbury.
Subsidy about $8,000 per miie. C ontrolled b y the Dominion Securities
Co, (see V. 73, p. 393; V. 74, p. 986), w hich owns 95 per cent of
the stock and all the bonds. Stock, $1,000,000, all outstanding; par of
shares, $100; m ortgage fo r $2,400,000 authorized in July, 1901. Presi
dent, Dr.W . Seward W ebb. Office, No. 51 East 44th St., N. Y . C ity.—
(V. 74, p. 775, 986, 1088; V. 75, p 28.)
C a r o l i n a C e n t r a l R R * —See Seaboard A ir Line R y. CoC a r o l l n a N o r t h e r n R R . —Owns from Lum berton, N. C., to Ma
rion, S. C., 41 miles, com pleted N ov., 1901. Stock, $500,000, all out
standing; par o f shares, $10. Pres, and Gen. Mgr., A ugustus Mellier,
318 Bourse B ldg., Philadelphia, Pa.—V. 73, p. 662.
C a r o l i n a 6c N o r t h w e s t e r n R y . —Owns narrow -gauge road
Chester, S. C., to L enoir, N. C., 110 miles. Reorganization Feb. 28,
1897, o f Chester & Lenoir, foreclosed. In March, 1900, nearly all the
stock and a m ajority o f the bonds had been acquired b y a syndicate.
The stockholders voted on A pril 2 4 ,1 9 0 0 , to increase the capital
stock to $1,000,000 com m on and $1,000,000 preferred; to issue a
new general m ortgage at $14,000 per m ile (including $2,000 for equip
m ent in 1903 and 1904) to standard-gauge the road and extend the
same to a con n ection in East Tennessee. Of the $1,320 000 issuable
on 110 m iles n ow operated, $440,000 were to retire old bonds, m ostly
retired, $ fo r $. V. 70, p. 840, 893. In July, 1902, standard-gauging
was in progress. Y ear 1900-1901 (110 miles), gross, $144,412; net,
$45,186; charges, $49,079; bal., def., $3,894. President, Wm. A. Bar
ber, 35 Nassau St., N. Y .—(V. 70, p. 893, 1095.)
C a r s o n 6c C o l o r a d o R y . —(3-foot gauge.)—From M ound House,
Nevada, to K eeler, Cal., 294 m iles; branch, 6 miles. In 1900
substantially all the stock and all the bonds were acquired by the
Southern P acific and the road w ill be broad-gauged and extended
northerly to a con n ection w ith the Central P acific and southerly to
M ojave on the Southern Pacific, about 100 miles. V. 70, p. 381, 685;
V. 72, p. 287. For year 1900-01 gross, $182,590.
C a r t h a g e 6c A d i r o n d a c k R y . —f -see Map N. Y. Central.)—Owns
from Carthage to N ew ton Falls, New York, 46 miles. The entire stock,
$500,000, is ow ned by the New Y ork Central R R ., which in A pril,
1893, leased the property in perpetuity and guaranteed its $1,600,000
bonds, of which $500,000 w ere fo r extensions, etc. (V. 57, p. 218.)
C a r t h a g e W a t e r t o w n 6c S a c k e t u s J t ia r b o r R R . —(See Map
N. Y. OenfraJj—Owns from Carthage to Sackett’s H arbor, N .Y., 29 miles.
Controlled by N. Y. Central, which ow ns $483,800 o f the stock and
guarantees the bonds. Leased to R. W. & O. fo r 3 7 ^ p. c. o f gross
earnings. Rental in 1900-01, $39,825; in 1899-00, $43,958; in 189899, $43,875. Capital stock $465,845 com m on and $21,500 preferred.
C a t a s a u q it a 6c F o g e l s v i l l e R R . —Road from Catasauqua, Pa., to
Kittenliouse Gap, Pa., 29 5 miles. Opened in 1857; in 1890 the P h ila
delphia & Reading aoquired control through ownership o f a m ajority of
the capital stock o f $426,900 (par, $25.) Of the stock $254,125 is owned
by P. A R., $251,625 being deposited as part security fo r Read. coll,
trust deed o f 1892. For year ending June 30, 1901, gross, $86,050;
net, $49,462; other incom e, $1,281; total deductions, $9,313; .divi
dends, $29,883; balance, surplus, $11,547.
C a t a w i a s a R R . —Owns from Tamanend, Pa., to N ew berry Jo., Pa.,
98 miles, and branches, 5 miles. Re-leased Deo. 1 ,18 96 , for 999 years
to Phil adelpliia A Reading Railway. Rental, interest on the bonds, 5
p. c. dividends on the preferred stock, all taxes, and $8,000 for
organization expenses. Bee also V. 63, p. 9 69 ,1 1 1 6 . Of the preferred
stocks in 1901 $2,200,000 was first preferred and $1,000,000 second
preferred and com m on was $1,159,500; nar $50. Of the new 1st consoL
mort. 4s of 1898, $195,500, were issued to retire the 6s due Aug. 2,
1902.—(V. 70, p. 429; V. 71, p. 134; V. 72, p. 1187.) .
P a tfr k ill M o u n t a i n R a i l w a y . —Owns narrow -gauge road from
Catskill, up the Catskill Mountain, to Palenville, N. Y ., 16 m ile s; leases
Cairo R R ., Cairo Jun ction to Cairo, N. Y ., 4 m iles; total, 20 miles.
Stock, $89,000. There are also second incomes for $15,600 6 p. c.
First incom es have one vote for each $100. Earnings.—Year ending
June 3 0 ,1 3 0 1 , gross, $56,236; net, $19,187; interest, etc., $13,368.
f
Vj o o g 'a
EMPHIS
Franklin
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Stevenson^
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Tuscumbia!
BOoneville
B o w e rs \Y .
L R o y s to rl
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A tall a'
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CARROLliTOiy^v
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Columt»iana
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Marion
Lauderdale
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M cC orm ick
Fayette
STOCKS
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Ashville,
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Guntersville'
Okolona
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1902.]
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J C E N T R A L OF GEORGIA
1 . RAILWAY COMPANY
Gaines y U<
1
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Ocala'
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INVESTORS’
2 6
SUPPLEMENT,
R A ILR O A D S.
Miles Date Size, or
of
Par
of
F or explanation o f colum n headings, &c., see notes
Road. Bonds Yalue.
on first page o f tables.
C en tra l o f G e o r g ia R y . —{Concluded)—
77
Ocon. D iv. 1st M., Brut, to D ov er,$6,000 p.m.S.c*
Chatt. D iv. purch. m oney M . $2,400,000, g S.c* 155
138
Chatt. Rome<fe So. 1st M. $500,000, g o ld .U ..c*
....
1st pref., in c o m e s ! Interest up to 5 p. c., JM p...
2d do
do
>
gold, if earned,
....
3d do
do
)
non-cum ulative.
IT! a .
....
Cent. R R .& Bk. coll.tr. b ’ ds, g., red. at H O .C e .c*
....
Guaranteed, etc., securities.
....
Ocean SS. Co. 1st m ortgage, gold, g u a r.C e .........c
53
A ugusta & Savannah stock (no bonded d e b t).......
333
Southwestern R ailroad stock (no bonded d e b t)..
Chattahoochee & G ulf, s to ck ......................._...........
68
1st M., g., $2,000,000, int. rental, s .f.,re d .l0 2 1
s
Central Massachusetts - See B o ston & M ain e RR.
....
Central New Ena land— Common stock .....................
....
P referred stock, 4 per ce n t........................................
58
1st M., $1,250,000, ca ll at 105 after 1 9 0 4 .F P .c *
GenT m ort., 5 p. c. incom es, $ 8 ,5 0 0 ,0 0 0 .F P -----r
58
12
Dutchess Co. R R ., 1st M., g., gu. (see tex t). M e . c*
Central Ohio—See B a l t im o r e & O h i o .
C en tra l P a c ific —Common stock, $67,275,500
....
....
P referred stock, 4 p. c., cum ., $20,000,000..........
1st ref. M., $100,000,000, g., g u .,p .& i.e n .C e .cA fer 1,349
<
N ew 3 ^ s , $25,000,000, g., gu., p.& i. end.Us.c*&r 1,349
N otes fo r U. S. debt,due $2,940,635 h alf-yea rly.
O l d S e c u r it ie s n o t E x c h a n g e d . See fo o t note.
Cal. & O. 1st M., ser. A , g. (e x t.). >
0 04.0 oon S 296
Series B, gold (e x t e n d e d )...... \ ^ ^ o . u o o {
296
Mort. g., 5s, 1939, Id. gr., gu., s. f., $10,245,000.6 1,360
Cent. Pa. < WesVn.—W ilkesb. & West., 1st M., g.o*
&
31
a B alance, $39,808,000 retained as collateral
[VOL. L X X V .
Bonds—P rinci
INTEREST OR DIYEDENDS.
pal,^When Due.
A m ount
Outstanding Rate per When Where Payable, and by Stocks—Last
Cent. Payable
Whom.
Dividend.
1901
1901
1897
1895
1895
1895
1887
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1890
....
....
1900
1,000
100
100
100
1,000
1,000,000
1,022,900
5,191,100
273,400
294,000
....
....
1899
1899
1890
100
100
1,000
1,000
1,000
3,450,000 > To b e h
3,150,000 s is pai
650,000
5 g.
7,250,000
5 g.
350,000 4ia (6) g.
$462,000
5 g.
1,840,000
4 g.
343,000
5 g.
4,000,000 5 in 1901
7,000,000 Up to 5g
4,000,000 Up to 5g.
4,880,000
5 g.
J. &
J. &
J. &
Oct.
Oct.
Oct.
M. &
5 g. J.*&
J. &
5
5
J. <
fc
5
J. <
fe
J. &
5 g.
D.
D.
J.
1
1
1
N.
N. Y ., Guaranty Tr. Co.
do
do
N. Y ., Union Trust Co.
N. Y ., Gu. T. Co. or Sav.
do
when earned
N. Y ., when earDed.
N. Y ., Guaranty Tr. Co.
J. N.Y., Guaranty Tr. Co.
J.
Savannah, Ga.
J. Savannah and Macon.
Savannah, Ga.
J.
J. Sav., Ga., Citizens’ Bk
eld in tr
d on gen
F. & A.
Oct. 1.
J. & D.
ust fo r ten years, or un
eral m ortgage for tw o
Fid. I.T.& S.D.Co., Phil.
Y early, if earned.
Fid. I.T.& S.D.Co., PhiL
Dec.
June
Ju ly
Nov.
N ov.
Nov.
May
1,
1,
1,
1,
1,
1,
1,
1945
1951
1947
1945
1945
1945
1937
July 1, 1920
July, ’02, 2^5%
July, ’02, 2*2%
Ju ly,2, ’0 2 ,2 ^
Ju ly 1, 1930
til 4 per
years.
Feb. 1,
Feb. 1,
June 1,
cen t
1919
1949
1940
67,275,500 H eld b y South’n P acific C om pany.
100
12,000,000 H eld b y South’n Pacific Com pany.
1899 500 &c. a 58,041.000
4 g. F. & A. N .Y., S.Pac.Co., 23 B r’ d Aug. 1, 1949
1899 500 &c. 19,027,500
do
do
Aug. 1, 1929
S'* g. J. & D.
1899
3
39,802,458
A u g ’02-Fb.’ 09
....
....
1868
1872
1889
1886
1,000
1,000
1,000
1 ,0 0 0
£ 5 3 7 ,0 0 0 1
156,000
620.000
5 g. J. &
5 g. J. &
5 g. A. &
5 g. J. &
J. N .Y., S.Pac.Co., 23 Br’ d.
J. N.Y.,S.Pac.Co.<feLondon
O. N. Y. & San Francisco.
J.
Jan.
Jan.
Apr.
July
1,
1,
1,
1,
1918
1918
1939
1926
fo r 3 per ce nt notes held b y U. S. G over nment.
C a y u g a & S u s q u e h a n n a R R . - O w n s from Susquehanna R iver
t ! Ithaca, N. Y ., 34 miles. Leased during length o f charter and re n e w
als thereof to the D elaw are Lackaw anna & W estern at a rental o f
$54,600 a year. C orporate existen ce fo r 50 years from Jan. 1 ,1 9 0 0 .
C e n t r a l B r a n c h B y . - O w n s Lenora to A tch ison , K an., 293
m ile s; Jam estow n to Burr Oak, K an., 33 m.; branches, 62 m.; total.
388 miles. A con solidation in July, 1899, o f the Central Branch
U nion Pacific R y., A tch. C olorado & Pac. and A tch . Jew ell Co. & West.
Stock, $7,585,000. The $3,459,000 1st 4s o f 1899 are guaran
teed, prin. and int., b y the Mo. Pac. (see Y. 68, p. 329). Form o f guar
anty Y. 70, p. 279. F or 4 mos. ending A pril 3 0 ,1 9 0 1 , gross, $395,405,
net, $85,751; other incom e, $2,486; charges, $80,067; balan ce, sur
plus, $8,17o. F or calendar yea r 1901 (388 m iles), gross, $1,315,996; net, $348,112; other receipts, $7,569; interest, $238,360; taxes,
including $41,046 prior to 1901, $86,695; m iscellaneous, $433; bal.,
sur., $30,193.—(Y. 70, p. 75, 279, 1148; V . 73, p. 31.)
C e n t r a l F l o r i d a & O u l f C o a s t B y .- U n d e r con struction in Tuly,
1902, irom P lant City, Fla., southw esterly to B raidentow n and Sara
sota, Fla., about 70 miles; p rojected to B oca Grande, on G asparilla
Island, 65 miles; tota l to be 135 miles. Stock authorized. $ 15 ,0 0 0 per
mile; par o f shares, $100. Bonds are issuable aD the same rate. Pres
ident, Tlios. H. Me. D onnell, Quincy, Mass.; Sec. a n d T rea s., Oscar O.
Owens, 10 Milk St., B oston; Gen. Mgr , J. H. G aw e.—V. 74, p. 726; Y
75, p. 28.
C e n t r a l o f G e o r g i a R a i l w a y * —(See Map).-—System includes:
L in es owned m fee .
Miles.
L in es leased—
Miles.
Savannah to A tla n ta .............. 295 Southw estern R R .—
G ordon to Porterdale . . . . ___
86
M acon to E u f a u la.............. 144
Fort V alley to P e r ry ..........
12
Columbus to Birnfigliain,Ala. 156
Colum bus to A m ericus..........
62
F ort Y alley to C olum bus...
71
S m ith villeto C olum bia___
85
M ontgom ery to E uf aula, A la.
80
Cuthbert to F ort G ain es. . .
21
Columbus to G reenville, G a.
50
Opelika to R oan ok e................
36 A ugusta & Savannah R R .—
60
E u f aula to O zark.....................
M illen to A u gu sta................
53
G rifiin,G a.,toC hat.,Tenn, etc 198 Chattah. & G ulf R R .—
Chick am an ga to D u rham ___
17
Colum bia to S ellersville.. ..
68
Savannah to T y b e e ............
18
Colum bus to A n dalu sia......... 138
M acon Junction to A th en s... 102
Bruton to D o v e r....................... 77
T otal oper. J u ly 1 ,19 0 1 ...1 ,8 4 5
B arnesville to T hom aston.. . .
16
O cean Steamship C om pany,
T otal ow n ed (and op er’d ). .1,391
estim ated equivalen t o f ___ 300
In addition ow ns in fee Meldrim to L yons, 58 m iles, now leased to
Seaboard A ir Line R ailw ay.
Organization—Organized Oct. 1 7 ,1 8 9 5 , and N ov. 1 succeeded to the
properties o f the Central R ailroad & B anking Co. o f Georgia, sold in
foreclosu re and reorganized per plan in V. 60, p. 1008 and V. 61, p. 68.
Mid. Ga. & A t. was purchased Jan. 1 ,1 8 9 7 . V. 65, p. 324; V. 62, p. 456;
V . 64, p. 82, 180; V. 70, p. 279. On J u ly 1, 1900, the Bruton & Pineora
R y., Bruton to Register, 58 miles, w as m erged. V. 67, p. 687. The
C hattahoochee < G ulf, com pleted in N ov., 1902, from Colum bia, A la.,
fc
to Sellersville, 68 m iles, is leased. V. 70, p. 1194. The Chattanooga
R om e & Southern R R . wafe m erged June 1, 1901 Y. 72, p. 674,
721, 987, 1134.
Stock.—$5,000,000 held b y interests allied w ith Southern R y.
B onds.—The fir st mortgage o f 1895 (described in V. 63, p. 1160) is
a fir st lien on the m ain line from A tlanta to Savannah, inclu din g the
M llledgeville branch (312 miles in a ll), all equipm ent and appurten
ances and the equity in $1,995,000 o f the capital stock o f Ocean
Steamship Co. o f Savannah. Trustee, Guaranty Trust Co. o f New Y ork.
A p p lication fo r listin g firsts and consols, in V. 63, p. 1160.
The consolidated mortgage (see abstract in V. 61, p. 873, also see
V . 63, p. 1160) is a fir st lien upon 580 m iles [including form er
Mont. & E u f aula R R ., Sav. & W estern and Sav. & A tl.]; also on
the leases o f the South W estern and A ugusta & Savannah roads and
the stock o f N ew E ngland & Savannah Steamship Co., and a second
lien upon the main line, its equipm ent, etc., and also on the M acon
& N orthern and M obile & Girard. It also covers all leaseholds, securi
ties, etc. It m ay be increased $2,000,000, from $16,500,000 to $18,500,000, at n ot m ore than $500,000 in any one year, fo r betterm ents and
fo r equipment.
Macon < N orthern d ivision bonds are also direct obligations o f the
£
Central R y., with first lien from M acon Jet. to A thens, Ga., 102 miles.
Middle Georgia & A tlantic D ivision bonds are issued at $9,000 per
m ile, o f w hich $8,000 was fo r purchase of road and $1,000 retained
b y Cent, o f Ga. for betterm ents; subject to the E aion ton Branch
bonds, $168,000 on 21 miles, the firsts o f 1897 cov er the 65 m iles of
M. Ga. < At. D ivision.—(V. 65, p. 823; V. 64, p. 180; Y. 65, p. 324.)
fc
The p referen ce incom e bonds, subject to the prior m ortgages, co v e r
the m ain line and the form er Savannah < W estern, Colum bus < R om e,
fe
fc
M on tgom ery & E uf aula. M obile & Girard, M acon < N orthern and
&
Savannah < A tlan tic RRs., and their equipm ent, etc.; also all
te
leaseholds, securities and equities o f properties acquired b y the new
com pany. They are non-cuiuulative and bear interest n ot exceeding 5
per cen t in any one fiscal year, but payable on ly ou t o f net earnings
as declared and secured b y the deed o f trust.
D iv id e n d s —
> 1896. 1897.
1898.
1899. 1900. 1901.
On 1st p ref. incom e.
\ l1
^
21*
2
2
31
*
5
Collateral trust m ortgage abstract was in V. 45, p. 242.
The Chattanooga D ivision mortgage is a first lien on the form er Chat
tanooga R om e & Southern R R ., Carrollton, Ga., to Chattanooga,
Tenn., 138 miles, and Durham to Chlckam auga, Ga , 17 miles, with
branches, in all 155 miles, su bject to $343,000 old 5s, fo r w hich a like
am ount o f bonds is reserved; $217,000 being also reserved fo r addi
tion al equipm ent and im provem ents.—V. 72, p. 1134.
Latest Earns., 11 m o s .) 1 9 0 1 -2 ...Gross, $7,191 826; net, $ 1,8 4 1,715
Ju ly 1 to May 31.
S1900-1 .Gross, 6,443,614; net, 1,855,923
Operated 1,845 m iles in 1901-2, against 1,679 in 1900-1.
A nnual R eport.—R eport fo r 1900-1 in Y. 73, p. 841.
Years end. June 30—
1901.
1900.
1899.
$6,086,263
$5,767,346
Gross earn in gs.............................. $6,920,715
T otal operating exp en ses.......... 4,778,148
3,997,748
3,759,978
T a x e s ...............................................
213,411
208 657
206,734
Net earnings from o p e ra tio n ..$1,929,156
$1,879,65 8
$1,800,634
231,463
F rom steam ships, e tc................
215,218
187,359
$2,111,321
$2,015,852
T o ta l........................................ $2,116,515
deductions FROM INCOME FOR YEAR 1900-1.
Interest on funded d e b t$ l,558,587 I Total deduct’s from in c.$ l,9 1 5 ,1 6 3
Rentals, e t c ...................
356,576 |N et in com e.....................
201,352
Officers.—J. F. H anson, Chairman Board o f D irectors, M acon, Ga.;
President, John M. E gan, Savannah, Ga.—(Y. 74, p. 477,
C e n t r a l M a s s a c h u s e t t s R R , - S e e Boston & Maine RR.
F or year ending Mar. 31, 1900, gross, $958,213.—(Y. 72, p. 532; Y.
74, p. 1354.)
C e n t r a l N e w E n g l a n d R y . —Owns from Campbell H all, cross
ing the H udson R iv er at Poughkeepsie by its ow n bridge, to Silvernails, 58 m ile s; and leases and controls H artford & Conn. W estern
R R ., H artford to Rhinecliff, 109 m iles; total, 167 m iles; also Dutchess
Co. R R ., from Poughkeepsie to H opew ell June., 12 m iles; trackage, 1
mile. The extension from Tariffville. Conn., to Springfield, Mass., 18
miles, exp ected to be operated in the summer o f 1902, the East G ranby
& Suffield RR. bein g incorporated in August, 1901, with $100,000 stock
to build fou r m iles o f road around disputed righ t o f w ay. See Y.
70, p. 739; V. 72, p. 1279; Y. 73, p. 337.
Organization.—In corp orated in January, 1899, per plan in Y. 60
p. 574, and V. 67, p. 789, as successor o f Phil. Read. < N ew Eng. R R .
fc
sold in foreclosu re Oct. 6, 1898.—V 68, p. 84. In January, 1899, p er
sons friendly to B oston & A lban y acquired a large interest. V. 68, p.
41, 84. Owns $1,390,000 H artford < Conn. W estern stock.
fc
S t o c k .— The stock is to b e held in trust fo r ten years, or until 4 p . o.
Interest is paid on general m ort. fo r tw o years.
B o n d s . — Of the first 5s, $650,000 were issuable at on ce fo r assess
ments, line to Springfield, etc,, and $600,000 w ill be reserved for im
provem ents. In terest on Dutchess Co. R R. firsts reduced to i ^ p . o.
E arnings.—9 months ending Mar. 31;
9 m os.—
Gross
Net.
Charges. B al., su r.
1901-2........................... $449,309
$123,575
$ lie ,0 5 1
$7,524
1900-1............................ 534,035
136,269
112,2^3
24,046
F or years ending J une 30 earnings were as follow s;
Year end. June 3 0 —
Gross.
Net.
Charges.
Balance.
1900-01............................ $711,759
$176,656 $155,718
$20,938
1899-00............................. r 04,093
,
146,117
150,921
def.4,803
Officers.—John W. B rock, o f Phila., P residen t; J. K. O. Sherwood,
o f N. Y ., Treas, and C. A. H eller, o f Pliila., Sec’y.—(V. 73, p. 337.)
C e n t r a l O h i o R R . —See B. & O. R R . Co.; also V. 70, p. 75.
C e n lr a l iO t t t a r io ’ R y . —V. 74, p. 1354.
C e n t r a l P a c i f i c R y . —( See Map o f Southern P a cific.)
Miles.
L ines owned—
Miles.
Branches to San Jose, e t c —
35
San Francisco, Cal., to near
Trackage—
Ogden, U tah..................... 871
6
Latiirop, Cal., to Goshen, Cal. 146 Northern R y „ Main L in e .......
Union Pacific into O gden —
5
Roseville Junction, Cal., to
Oregon State L in e........... 296
T o ta l........................................ 1.359
organization .—Incorporated in Utah in July, 1899, as successor of
the railroad under the plan o f readjustm ent in V. 68, p. 378, b y w hich
the Southern Pacific acquired the entire capital stock and guar
anteed the principal and interest o f the tw o new Central Pacific bond
issues shown above. The old indebtedness, including the U S. loan,
exceptin g about $693,000 bonds, has been discharged.
S t o c k — (1) Common stock, $67,275,500, all h eld b y So. Pac. Co.
(2) P referred stock14 per cent cum ulative, authorized issue $20,000,000, to be delivered to Southern Pacific Co. in consideration o f issue
of equal am ount o f Southern Pacific Co. 4 per cent collateral
trr )t gold bonds; o f w hich delivered on com pletion o f readjust*
L-ont, $12,000,000; reserved to be delivered on ly to p rovid e addi
tional funds, if required, for the paym ent of 3 per cen t notes to the
United States, and thereafter on ly fo r betterm ents and additions,
$3,000,000; reserved to be delivered for im provem ents and additions
at not exceedin g $200,000 yearly, $5,000,000.
B onds—First refu n d in g M. gold 4s, $100,000,000, secured b y all
the railroads, terminals and equipm ent n ow owned, including about
1,349 miles o f first track, etc., b y deposit as collateral security o f over
95 per cent o f the old m ortgage bonds. Of the authorized issue
BAILKOAD
J u l y , 1902.]
STOCKS
AND
27
BOFDS.
Su bscribers w i l l c o n fe r a g re a t fa v o r by g iv in g im m e d ia te n o tice o f a n y e rro r d isc o v e re d in th ese T a b le s .
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, Ac., see notes
Whom.
Payable
Cent.
Road. Bonds Value.
Dividend.
on first page of tables.
RAILROADS.
Cent. R R . o f If. J .—Stock ($30,000,000 author)..
Bonds, secured by consolidated m ortgage of 1874 ___
Convert, debentures, convert, into stock till 1907
Cent.RR.of N.J., Gen.M.for $50,000,000,g.Ce,c<fcr All.
___
Equipm’t mort., $170,000 due yearly June 1 ..
Rea) estate bond and m ortgages........................
Guaranteed Bonds—
Leh. A W ilkesb.Coal eon.M., gu.,p.<fci.,ext. in 1900
Am.Dock& Imp. Co. 1st M., gu., redeem, at 1 10 ... o ' ___
38
N. Y. & L. Br. gen. M., g. ($192,000 5s) ........ Ce
Leh. & Hud. R iv.,gen. M., g., guar, jointly.C e.o*
J. City bonds, guar, (part yearly Deo. 1) see text
Cent. RR. o f Pennsylvania—1st M., $ 1,200,000.F P
42
Central o f South, Carolina—1st m ortgage, g o ld ...c
Central Vermont—Stock, $3,000,000........................
1st M., $12,000,000 gold, traffic guar. A B e & r. AIL
Montreal & Province Line R y ., 1st M., gu. p. < i..c 40-6
&
....
Chari. Clend.dk Sut.—1st M .g.,$30,000 p. m .W .P .o
Chariest n < Savannah — See A t l . C o a s t L. R R .
£
Oharl.dk IVest. Oar.—lstM.,g,($8,000p.m.).Ce..e*<fer 340
....
Incom e M., g., non-cum., ($7,000 per mile) G -.c"
Augusta Ry. Terminal 1st M.,g., gu.,p, A i. end.Ce
....
Chariotte Columbia &Augusta—See Southern R t .
Ohartiers—8 to ck ............................................................
1st mortgage, $625,000 ..........................................c
23
Chateaugay RR.—Stock.........................................
39
10
Chattahoochee Valley—1st M., $110,000........ A B .
$100 $27,414,800 See text. Q.—F.
M. & N.
1872
1,167,000
7
1,000
M. & N.
6
1883
1,000
51,000
1887 500 Ac. 43,924,000
5 g.
IT
J. A D.
4
1,190,000
1899
1,000
5
V arious
179,100
N.Y.Off., 143 LibertySt.
N. Y ., Liberty Nat. Bk.
N. Y ., Liberty Nat. Bk.
N. Y ., Liberty Nat. Bk.
do
do
do
do
Aug. 1 ,’ 0 2,2 %
Nov. 1, 1902
May 1, 1908
July 1, 1987
Y ’rly to 1909
Various dates
Q .-M .
J. & J.
M. A 8.
J. A J.
J. A D.
M. A N
J. A J.
00 held
Q.—F.
A. A O.
A. A O.
do
do
do
do
do
do
N. Y ., Nat. E xch. Bank.
June 1, 1919
July 1, 1921
Sept. 1, 1941
July 1, 1920
D ee.1’ 1902-03
May 1, 1943
July 1, 1921
Canada.
May l , 1920
Oct. 1, 1950
Oct. 1, 1944
1875
1,000 b 7,743,000
4^3
5
4,987,000
1881
1,000
1,745,000 4 & 5 g.
1891
1,000
1890
1,000 a 1,062,000
5 g.
4
199,002
1898
6
1893 500 &o.
600,000
1,000
300,000
1881
6 g.
100
3,000,000 $2,185,1
1899 1000&C. 11,000,000
4 g.
=
1900 100 &o.
200,000
4 g.
=
1894
1,000
1,500,000
5 g1896
1896
1897
1901
1887
1900
1,000
1,000
1,000
50
1,000
100
1,000
l,000g
2,720,000
2,380,000
600,000
Phil.,Fid.I.Tr.A S.D.Co.
N. Y., Cuyler, M. & Co.
by Grand Trunk Ry. of
Bos., Am. L. A T. Co.
do
do
Phil.WstEnd T. AS.D.Co
5 g. A. A O. N. Y., Chase Nat. Bank. Oct. 1, 1946
5
July
I f earned.
Oct. 1, 1946
N. Y . Cent. Tr. Co.
A pr. 1. 1947
6 g. A. & O.
645,300 7 in 1901
500,000
3^
75,000
200,000
6
5
(1)
A p r .l ’ 02,31
a%
A. A O.
A. A O. Philadelphia, Penn. RR. Oct. 1, 1931
Plattsburg, N. Y.
Aug. 1. 1907
F. A A.
J. A J. Amer.L. AT.Co. .Boston. July 15,1920
a Guara nteed jointly w ith Le high Co al A Navigation Co.;
H On coupon bonds JAJ; on registered bonds ; Q - J .
tional not guaranteed, b $4,432,000 additional are o utstan ding, bu t owned by C. RR. of N. J.
,
1
1
$62,000 addi-
Annual report . —Fiscal year changed to end June 30. A nnual
$39,808,000 is held by the United States as collateral fo r 3 per cent
m eeting was held on May 9,19 02 , and will be hereafter on the Friday
notes. See A bstract , V. 69, p. 808, and V. 70, p. 739.
Thirty-year gold 3^8, $25,000,000, secured b y a second lien follow in g the third Monday in September. Of the 16,256,821 total
upon all the properties covered b y the 1st ref mortgage, and also by tonnage in 1900,6,252,628 consisted of anthracite coal and 10,004,193
deposit -with the Trustees as acquired of all securities and moneys held o f general freight, against 5,736,912 anthracite and only 5,784,510
in any sinking fund of the Central Pacific RR., consisting Jan. 1,1899, general freight in 1895. The report for 1901 was in V. 74, p. 573, 581.
of $12,553,000 in securities and $86,459 cash, and b y a trust deed See also editorial, p. 551.
upon all the lands covered by the mortgage dated Oct. 1,1870.
Tear ending Dec. 31.
1901.
1900.
1899.
See Mortgage Abstract, V. 69, p. 858; also see p. 851. From the p ro Merchandise................................ $5,073,417
$4,744,039 $4,519,483
ceeds of these sinking funds and land sales cancellation of bonds •will C oal..................................
7,230,817
6,283,653
6,208,793
be made from time to time; in February, 1900, $2,505,000 313 s were
Passengers................................... 2,602,746
2,569,085
2,526,159
canceled, and to Apr., 1902, $2,171,000 additional had been canceled
E xpresi and m ail.......................
293,877
284,272
271,729
reducing those ont standing to $19,219,500.—V. 70, p.739; V. 70, p. 1194. M iscellaneous.............................
85,853
94,597
109,546
Twenty three-per-cent notes, aggregating $58,812,714, issued to
the Government in settlement of subsidy debt; $19,004,714 paid, leav
Total gross earnings.............. $15,286,710 $13,975,646 $13,645,710
ing $39,808,000 to mature, of which $1,577,733 Aug., 1902, and $2,- N et earnings................................. $7,461,463
$6,097,300 $6,220,305
940,635 half-yearly thereafter to Feb., 1909. First refunding 4s are Other incom e................................ 1,903,125
1,757,702
1,164,293
deposited to retire them when due.
Land Grant.—Total land grant was about 12,000,000 acres, of which
Total net incom e.................. $9,364,588
$7,855,002 $7,384,598
about 6,839,608 acres remained unsold on June 30, 1901. Sales in Interest on d ebt........................... $2,743,408
$2,760,252
..........
2,354,747
2,123,607
... ....
1900-1, 98,633 acres; cancellations, 18,880 acres. Land contracts on Rentals paid.................................
hand July 1, 1901—principal of deferred payments, $805,259; aver T a x e s .............................................
..........
402,949
351,781
age price per acre, $4 15.
Renewal fands, e tc....... . .........
640,000
—
..........
..........
G eneral F inances .—Cancellation of the S^s o f 1899 is being Dividends...... ........................... (534)1,570,516 (5)1,355,615
effected from time to.time from the proceeds o f the sinking funds ana
Balance, surplus.................. $1,652,968
$1,263,748
also from land sales, $2,505,000 o f the bonds being thus retired early
in 1900. V. 70, p. 279,739. Paym ent o f one of the notes for $2,940,- -(D ire cto rs, May, 1901, V. 72, p. 987; V. 74, p. 5 8 1 ,6 7 9 , 726.)
635 held by the Government was anticipated in Feb., 1900, and a
C e n tra l R R . o f P e n n s y lv a n ia .—Owns Bellefonte (Penn. RR.)
second in Feb., 1901, in each instance releasing an equal amount of to Mill Hall, Pa. (on Beech Creek RR.) 27 m iles; branch, 5 m iles;
4s deposited as collateral, which were sold; in Mar., 1901, $1,496,090 operates Nittany Val. RR., 7 miles. Current liabilities June 3 0 ,1 9 0 1 ,
was paid on account of a third note due Aug., 1902. V. 70, p.429, 480; $445,793. For year 1900-1, gross. $68,572; net, $20,190; oharges,
V. 72, p. 437; V. 73, p. 82,
$54,384; deficit, $34,194. Stock, $1,200,000; par, $50.
Earnings.—11 mos. ) 1 90 1-2...Gross, $18,560,830; net, $6,967,330
C e n tra l B B . o f S o u th C a r o lin a .—Owns from Lane, S. C., to
July 1 to May 31. \ 1 9 0 0 -1 ...Gross, 17,820,526; net, 7,020,482 Sumter, S. C., 42 miles. Leased to the Atlantic Coast Line R R .; rental
R eport —In 1900-01. gross, $19,328,289; net, $7,655,083 ; other $31,000 yearly. Stock, $170,000, par $50. In year 1897-98, gross,
income, $920,542; int., taxes, sinking funds,{eto., $6,029,131; construc $95,286; net over taxes, $36,019.—(V. 64, p. 887.)
tion, imp’ts, etc., $906,164; baL, but., $1,640,330. A bstract of report
C en tra l V e r m o n t B y .—Operates from Rouse’ s Point, at north end
for year ending June 30,1898, was given in V. 67, p. 1157, 1163, show of Lake Champlain, to New London, Conn., with branches 531 miles in
ing gross, $15,766,349; net, $6,544,679.—(V. 73, p. 82; V. 74, p. 883.)
all of which 218 miles leased, viz.: New London & Northern (see that
C e n tr a l B R , o f N e v v J e r s e y . —(See Map Phila. & Reading R y.)— com pany), 157 miles; M ontville Branoh, 3; Montreal < P rovince Line
%
Operates from Jersey City, opposite New York City, westerly to
Ry., 58.
Wilkesbarre anr Scranton, Pa., and the neighboring anthracite coal
O r g a n iza t io n .—Succeeded May 1, 1899, per amended plan in V. 67,
fields; also southerly to the seashore resortsof New Jersey, etc.:
p. 735, the Central Verm ont R ailroad, foreclosed. V. 68, p. 1076.
Lines owned in fee.
Miles. Lehigh & Susquehanna, PhilS e c u r it ie s , E t c .—The Grand Trunk Ry. holds $2,185,100 o f
Jersey City to Plfillinsburg___ 72
llpshurgto Union June.,|etc. t.171 the $3,000,000 stock, and under a trafflo contract will make good any
Sundry branches........................ 82 Wilkesbarre A Scranton $ .......
5 deficiency Id earnings to meet interest on the new firsts up to 30 p. e.
Entire stock owned.
Lehigh & Lackawanna............. 36 of Grand Trunk gross receipts from trafflo interchanged. Montreal &
N ew York A Long Branch RR.,
Other lines...................................
9 Province Line Ry. bonds, Bee above.—V. 71, p. 390, 697.
Perth Amboy to Bay H ead.. 38 AJlentownTerm. (oper.jointly) 3
R e p o r t .— For year ending June 30,1 90 1 , in V. 73, p. 1261, sh ow ed :
New Jersey Houth’ n RR., Long
Trackager—
Year.
Gross.
Net.
Oth. inc.
Oharges. Bal.,sur.
Branch to Atsion, e tc............ 76 Union Coal R R ........................... 10 1900-1........$3,262,133
$662,297
$10,400
$669,893
$2,803
Other lines (no debt)................141 Lehigh A New England............ 2 1889-0. .. . 3,382,723
783,439
10,845
665,435
128,849
Leased (mostly for 999 yrs.) Miles. Tresckow Branch......................
5
Officers.—President, E. C. Smith, St. Albans; Clerk and Treasurer,
Ogden Mine RR. 11..................... 10
NeaquehonJng Valley f ............ 17
Total operated Jan. 1,1902. .677 W. H. Chaffee, St, Albans, V t .- (V . 72, p. 44, 86; V. 73, p. 956, 1 2 6 1 A
C e n tra lla & C h ester I I B .—See Illinois Southern RR.
»
I See this c o m p a n y , t S ee L eh igh C oa l A N a v . in “ M iso. C o m p a n ie s .'
C h a rlesto n C le n d e n n in <fc S u tto n R R .- O w n s road, Charles
There Eire 261 m iles o f secon d an d 3 0 m iles o f fo u r tr a c k s. W ith th e
ton, W. Va , to Big Otter, 64 miles. Capital stock authorized, $3,000,Balt. A O hio a n d th e P h ila . & R e a d in g o p e r a t e s th e “ B lu e L i n e ” b e 000; par, $100; outstanding July, 1900, $1,867,300. First, m ortgage is
tween W a sh in gton and th e S o u th w e s t an d N o w Y ork , th e B . & O. tr a c k s for $3,000,000. Year ending June 30, 1901, gross, $151,639; net,
being u sed to P h ila d e lp h ia , th e R e a d in g to B o u n d B r o o k a n d th e C en $83,328; total deductions. $79,145; balance, surplus, $4,183.
tral N. J. to J e r s e y C ity .
President, T. II. Given. Pittsburg, Pa.; Secretary and Treasurer,
H i s t o r y ,—Ch a r te r e d In 18 49 . F ro m M ay, 1 8 8 3 , to J a n . 1, 1 8 8 7 ,
Samuel L. Harman, Philadelphia, Pa,—(V. 61, p. 1012.)
leased to P h ila d e lp h ia & R ea d in g . R e c e iv e rs w e re In p o s se ss io n from
C h a rlesto n A S a v a n n a h B y . —See A tlantic Coast L ine RR.
Ian. 1 ,1 8 8 7 , till J a n u a ry , 1888. R e o r g a n is e d in 1 8 8 7 w ith o u t f o r e
V. 73, p. 83.
closure—see plan V. 4 4 , n. 7 1 4 . 7 1 6 . C o n c e rn in g c o a l p r o p e r tie s see
C h a rleston A W e s te r n C a r o lin a I t y .—Port Royal, H 0 ., to
.
Lehigh A W ilk esb a rre and L eh igh G oal A N a v . In " M is c e lla n e o u s .” I n
Augusta, Ua., 112 in., and Spartaab’ g, Greenville and Anderson, 228m.
•Jan., 1901, c o n tr o l pa ssed to th e R e a d in g R y ,, w h ich a c q u ir e d
H is t o r y .—A reorganization and consolidation Dot, 3,1890, of the
$ 1 4 ,5 0 0 ,0 0 0 o f the s t o c k . V . 7 2 , p 8 6 , 1 3 6 ,2 4 1 ,3 9 1 , 72 1.
Port, Koval A Augusta and Port Royal A Western Carolina, purchased
S t o c k . —I n cr e a s e d to $ 2 7 ,0 5 3 ,8 0 0 In M a y . 1 8 9 9 , b y sa le o f $4,at, foreclosure sale by Thomas A Ryan, who sold the entire capital stools
6 0 3 ,8 0 0 at p a r to re tir e h o o d s , an d sin c e In crea sed $ 3 6 1 ,0 0 0 in e x and large portion of its Issue of income bonds to Atlantic Coast Line
ch a n g e fo r c o n v e r t ib le d e b e n tu re s.
In December, 1897. V. 66, p. 38. 335.
D lV .— J ’ 90. ’ 91. ’ 9 2 t O ’ 9 4 . '9 5 . ’ 9 6 . ’ 97. ’ 98. ’ 9 9 . '0 0 , 19 0 1 . 19 02 .
Stock . $1,200,000; par, $100. A full statement as to Augusta Ry.
P. o . ) 6 Ohi 7 y e a r ly . 5 1
*
5
4*4 4
4
5
5 Jri(j,A ng.,fl
Terminal <:o. and its bonds was in V. 66, p, 383.
E aksings . For year ending June 30, 1001, gross, $068,207; net,
In F eb ., 1 9 0 2 , th e d iv id e n d r a t e w a e Increased, t o 8 p . e . V. 7 4 , p. 93.
*232,753; ot her Income, $2,474; taxes, $12,700; charges. $182,005;
B o n d s . F or general mart, a b s t r a c t see V. 4 5 , p. 4 0 2 . J e r s e y C ity
surplus, $9,622. President, J. B. Cleveland, Hpnrtanburg, 8, 0.;
b o n d s (V.C8. p. 128) w ill be ta k en u p b y C, R R , or N. J .: In 1902, $ 7 0 ,Secretary, James F. Boat, Wilmington, N. O,—(V. 73, p. 1207.)
61 6; 1903, $ 1 2 2 ,3 8 5 .
C h iir tle r * I ty .—Owns from Carnegie, Pa., to Washington, Pa., 23 nt.,
T h e L . A W. COB.I m o r tg a g e Is fo r $1 5 ,0 0 0 ,0 0 0 ; th e b o n d s , fo r m e r ly
I.eased till 197) to the Pittsburg Glnelmia.ll A St. Louis (now Pitts
7s., w e re ln 1900 e x te n d e d a t 4 h ip . o, and gn a rn .n teed , p r in cip a l and
burg Cincinnati Chleago A H Louis;; the rental la net. earnings.
I,.
Interest; $ 4 ,4 3 2 ,0 0 0 o w n ed b y the O. R R , o f N. .1. w ere in J u n e ., 1902,
Capital stock, $645,300 (par $50); Pennsylvania Co. owns $333,650.
held in the trea su ry as a v a ila b le assets. T h e r e m a in d e r Is re se r v e d fo r
fu tu re re q u irem en ts. F or g u a ra n ty see V. 7 1 , p, 2(5,
DIVIDENDS / ’ 87-BO. ’00. ’01. '02. ’03, '94. ’95. ’OH. ’97. ’98. ’(M)-'Oa.
J o in tly and se v e r a lly w ith the C oal A N av. Co g u a ra n te e s $ 1 ,0 6 2 ,0 0 0
s in c e ’86 (p.o.) J 6.y’rly. 5 '« 7»n 8 10 10 8
9
10 10 7 y’ rly.
L eh . A H n d. R iv e r Ry. G en. 5s, prin . a n d int.. 8 e e V. 67, p. 788.
Of tho now 3'ns authorized In Bept., 1001, $500,000 were used to
E a r n in g *.—5 m os., ) 1 9 0 2 ............C r o s s , $ 0 .4 4 1 ,0 6 2 ; n et, $ 2 ,2 6 5 ,9 7 4
refund a like amount o f 7s, due Got. I, 1901, and the remainder
J a n . 1 to M a y 3 1 . 1 1 9 0 1 ...........G ross,
0 ,6 8 0 ,8 3 6 ; n et, 2 ,7 4 8 ,6 8 9
reserved for future requirements. V, 73, p, 015.
i8
ff>
<1
oo
H
O
w
oo
00
a
§
sz;
H
<
r
o
C
“
*
M
<1
KAILBOAD
J u l y , 1902.J
stocks
an d
29
bonds.
Bonds—Prlnoi
INTEREST OR DIVIDENDS.
pal,When Due.
Miles Date 8ize, or
Amount
of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, Ac., see notes
Payable
Whom.
Dividend.
Road. Bonds Value.
Cent.
on first page of tables.
RAILROADS.
Chattanooga Southern^-Stock ($750,000 Is p ref.)...
89
1st mortgage, gold.............................. - .....................
89
Incom e m ortgage, non-oumulative, $750,000---30
Chesapeake Beach—1st M., $1,000,000, gold.C o.o*
C hesapeake & O hio—Stk.(transf’r agt.J.P.M.ACo.) ___
Mortgage 6s, gold, ser. “ A & B ” See text..C e.o* 5428
1st m ort.,of 1911, Penln. E xt., gold. See text.o* l 75
8
Ter’l 1st in.,1922, covering 8 m., to Phoebus.g.o*
1st consol, mort. for $30,000,000, gold ..Ce.cGfcr 664
252
Rich. AA11 Div. ls tc o n .M ., g. See te x t...C e -c *
2d cons. M .,R ich. via. Lynchb. to Clifton F .C e 252
26
Craig Valley branch 1st mortgage, gold — Ce.c*
25
Warm Springs Branch 1st mortgage, g old ..C e.c*
General mort. (for $70,000,000, etc.) g o ld ..C e .o ’* 1,174
Kineon Coal mort., assum e!, red. beg. Oct., 1905 ....
Car trusts, payable monthly on 4,400 cars..........
Car trusts on 25 loco, and 1,000 cars, pay. ann’ly
1895
1895
1898
__
1878
1881
1882
1889
1890
1890
1890
1891
1892
__
1888
.... 1888
____ 1893
__
13
.... 1895
96
....
1898
1900
27
41
1896
1901
4
i ,6 ’o o
100
1,000
1,000
500 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
500 &o.
1900
Gu a r a n tee d B onds.
Elevator Co. 1st M., gold,p. &i. g u a r ............Ce.o*
2d mortgage, for $500,000, income, non-cum.c*
C. & O. 88. 1st M. deb. red. at par, gu., p. & i --Greenbrier A New River RR. 1st m ortgage.......
Lo. A Jeff.Bdg.lstM.,$5,000,000,gu.p.&i.,end.1[.*o
Norf. Term’l A Trans. 1st H ., $500,000, gu. p.&i.
Greenbrier Ry. 1st mort., $3,000,000, g ...C o l.c *
Passenger A Belt Ry. (Lex , Ky.), 1st mort., gold
Chesapeake Western—
-Stock ($608,400 is p ref.).......
C. & W. Istm ortgage, gold ($25,000 per mile) C o.
Ches. West, new m ortgage, $1,435,000, g o ld ., c*
$100
1,000
1,000
£100
1,000
1,000
1,000
1,000
$3,000,000
non ft issued.
5 g. J. & J,
none issued. 5 if earn.
1 ,000,000
5 g. J. & J. Office, Washington, D.C.
N.Y.,J. P. Morgan A Co.
60,541,100 1 in 1901 .....
do
do
2,013,354
6 g. A. & 0.
A. & O.
do
do
2,000,000
6 g.
do
do
142,000
6 g. J. A D.
do
do
25,858,000
5 g. M. A N.
do
do
6,000,000
4 g. J. & J.
do
do
1,000,000
4 S■ J. A J.
do
do
650,000
5 g. J. A J.
do
do
400,000
5 g. M. A 8.
do
do
32,832,000
4 ^ g . M. A S.
200,000
5 g. A. A O. Cen.Tr. A S.Dep.,Cin.,0.
1,815,993
1,000,000
830,000
450,500
a £80,000
533,000
113,000,000
500,000
2,000,000
150,000
100
1,419,600
500 &o.
666,000
1,000
1,419,000
1 Guaranteed join tly and severally with Clev. Cin. C hie. & St. L.
1
E a r n i n g s .— For year ending Dec. 31, 1901, gross, $490,027; net
$136,727; other incom e, $11,010, int. and taxes, $42,249; dividends,
$45,171. In 1900, gross, $417,096; net, $135,406.—V. 73, p. 615.
C R ateau gay R .R .—Operates narrow-gauge road from Plattsburg,
N. Y., on the Delaware & Hudson, to Saranac Lake, in the A dirondack
Mountains, 73 miles. Of this it owns from Dannemora to Lyon Mt.,
18 miles, and. leases the Chateaugay Railway, L yon Mt. to Saranac
Lake, 39 miles, and the Plattsburg & Dannem ora RR. (so-called),
Plattsburg to Dannemora, 16 m. The latter road is leased from the State
of N. Y. for one dollar and the free transportation o f freight to the
State’ s Prison at Dannemora. The Chateaugay Railw ay is leased for
nterest on its bonds, which are guaranteed principal and interest by
the Delaware A Hudson Co. (See V. 73, p. 1263.) Built in interest
oi Chateaugay Ore & Iron Co., and to carry summer travel to the
A dirondacks. In J anuary, 1897, the Saranac & Lake Placid, 10 miles,
« a s leased for 17 years Jointly with the Chateaugay Ore & Iron Co.
In July, 1902, it was proposed to standard-gauge the road. Stock,
$75,000 (par $100.)
E arnings .—In year ending June 30, 1901, gross, $264,139; net,
$22,702; rentals" and taxes, $26,760; balance, surplus for year,
$4,058. In 1899-00, gross, $238,196 ; net, $44,386.—(V. 73, p. 1263.)
C h a th a m Ac L e b a n o n V a lle y R R . —See Rutland RR. V. 73,
p. 1207.
C h a tta h o o c h e e Ac G u l f R R . —Completed in 1900 from Colum
bia, Ala., to Sellersville. about 68 miles. V. 71, p. 806.
L ease.—Leased in perpetuity to Cent, of Georgia Ry. for 0 per cent on
$273,400 stock and $300,000 bonds, of which 1 p. c. to be used as a
sinking fund for retirement of bonds, upon com pletion of which rental
will be 5 p. c. on stock, payable J.-J.—See Central o f Ga. R y.—(V. 70,
p. 1194; V. 72, p. 820.)
C h a t. R o m e Ac S o u th . R R . —Merged 1901 in Central of Georgia.
C h a tta n o o g a S o u th e rn R R . —Owns road, com pleted in June,
1891, from Tennessee State line to Gadsden, Ala., 87 miles; Round Mt.
branch, 3 m iles; trackage to Chattanooga, 5 m ile s ; sidings and
spurs. 10 m iles; total of all track, 105 miles. Successor to Chatta
nooga Southern Ry., sold in foreclosure Feb. 14, 1895; plan in V. 61,
p. 830, but m Jan., 1901, the new securities had not been issued.
The new lets were to be $5,000 per mile on present mileage and $10,000 on extensions. V. 63, p. 401.
Earninos.—11 mos., > 1901-2....... Gross, $88,619; op. def., $22,109
July 1 to May 31. S1900-1........Gross, 86,056; op. def., 31,310
Year ending June 30, 1901. gross, $92,843; def. under oper. exp.,
$38,512. In 1899-00. gross, $95,086; def. under oper., $22,721.—(V.
63, p. 823.) Sec., E. C. Osborn, 31 Nassau St., N. Y.
C h esap eake R ea ch R a i lw a y .—D eanw ood,D . C., to Chesapeake
Beach, Md., 30 miles, completed in July, 1899. Stock, $1,000,000, all
outstanding; par, $100. President, Otto Mears; Vice-Pros., Chas. Pop
per; Sec. and Treas., Fred. W. Moffat. Office, 1420 New York Ave.,
Wash., D, a —(V. 69, p. 228.)
C h e s a p e a k e Ac O h i o R y . —fSee Map.)—Operates from Newport
News Va., and Washington, p . C., to Cincinnati, Ohio, with branches.
L ines owned in fe e —
Miles.
IRnes conlr’d by stock, etc. Miles.
Old Point Comfort and New
Elizabethtown Lexington A
port News via Charlottes
Big Sandy R R ...................... 109
ville to Ashland, K y............ 512 Greenbrier Ry.
Richmond via Lynchburg to
Whitcomb to Cass, W, V a ..
81
Clifton Forge, v a ................. 232 Sundry branches..................... 144
Branches in Va. and W V a.. 134 Line to W ashington.................
85
lAnes controlled by stock, etc.—
Trackage to Louisville..........
84
Maysville & Big Sandy RR.
L ea sed ......................................
13
Ashland, K y.,to Covington, 143 Other trackage.........................
23
Bridge—Covington, Ky., to
Cincinnati, Ohio...................
2
Total system June 30,1901 1,562
Second track............................ 129
Also owns one-sixth Interest in the Richmond-Washington Co.
O f the above mileage 1 9 miles is narrow-gauge road. Or the “ leased”
9 miles is on Washington line and 4 miles at Lexington, Ky.
The brunch from Whitcomb up the Greenbrier River to lt,s forks, 05
miles, to a connection with the West Va.- Cent A Pitts., was opened to
Cuss, s ! miles, on June 1,1001, t.lie balance to be completed in 1902.
Kxtoru loti of Greenbrier A New River coal branch, 0 miles, was
opened Oot. 1, 1901. (V. 73, p. 678.) Extension from Wiiltehouse,
Ky., to the Breaks of the Big Sandy in Virginia, about 00 miles, under
charter of P.ig Sandy RR., was let in June, 1002.
In Oct,, 1901, purchased Kineon Coal Co. terminals In Cincinnati,
assuming $200,000 bonds. V. 73, p. 956, 1 159,
D i s t o r t , A c . —The former Chesapeake A Ohio was sold In fore
closure April 2,1878, and Ui Ih company organized, in 1688, under
the direction of Dtexel, Morgan A. Co., reorganized without foreclosure,
and the road extended to Cincinnati. The consolidation with the Rich
mond A Alleghany was consummated In January, I 800. The Elizabeth
town Lexington A Big Handy and other roads wore absorbed in 1892.
C a p i t a l St o c k . C om m on s to ck Is $ 6 0 ,5 2 9 ,5 0 0 ; In creased fro m
$ 4 5 ,0 0 0 ,0 0 0 to this figure sin c e 1892 th rou g h e x c h a n g e o f p r a c tic a lly
all the $ 2 5 ,0 0 0 ,0 0 0 o f p re fe rre d sto ck s fo r com m on s to ck and gen eral
m o r tg a g e
p er cen ts In certa in proportions. First preferred for
$ 1 1 ,7 0 0 and err on a preferred fo r $ 9 0 0 o n ly w as o u ts ta n d in g J u n e
30, 19 0 1 . See term s o f e x c h a n g e In V, 54, p. 642. S to ck m a y be r ed u ced
by m a jo r ity v o te o f s to c k h o ld e r s If d e e m e d d e s ir a b le .—V . 7 0 n 1 7 5 ,
4
4
5
5
4
5
4
5
g. A. A
Oct.
g- J. A
F. &
g. M. A
F. &
g. M. A
g.
0.
do
do
1.
J.
London.
A.
Richmond.
8. N.Y., J.P. M organ & Co.
A.
New York.
N.
5 g- F. A A.
4 g. A. A O.
Contin. Trust, N. Y.
New York.
1925
1925
July 1, 1923
N or.2 7,’01,1%
July 1, 1908
Jan. 1, 1911
June 1, 1922
May 1, 1939
Jan. 1, 1989
Jan. 1, 1989
July 1, 1940
Moh. 1, 1941
Mch. 1, 1992
Oct, 1, 1915
To 1903
To July, 1905
Oot.
Oot.
Jan.
Aug.
Mch.
Feb.
Nov.
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1938
1988
1909
1942
1945
1948
1940
1903
Aug. 1, 1945
Oct. 1, 1951
a £10,000 called ye arly at par.
D ividen ds .—First div.R ljp. o.^paid Oct., 1899; ;Nov., 1 90 0,1 p. 0.
Nov., 1 90 1,1 p. c
B onds .—Abstract o f consol, m ortgage of 1939 in V. 49, p. 147; of
Richmond & Allegheny m ortgages in V. 51, p. 144.
The general mortgage o f 1892 (Central Trust Co. and H. T. Wickham
trustees) is for $70,000,000, but additional amounts at $25,000 per mile
may be issued fo r double-tracking. Of the $70,000,000 as above,
$32,691,000 bonds were reserved to provide for the $30,000,000 co n
sols o f 1889, issued or to be issued, etc. The balance unissued m ay be
sold for new acquisitions, roiling stock, etc., but n ot m ore than
$2,000,000 thereof in any one year. The mortgage covers the entire
property of the com pany, real and personal, at the time the
deed was made, and all additional property and mileage
acquired with the proceeds o f the bonds. See full abstract o f m ortgage
in V. 54, p. 6 44 ; also V. 54, p. 6 4 2 ; V. 55, p. 335. In Apr., .1902
$32,833,000 had been listed on New York Stook Exchange. $1,000,000
havingbeen sold for construction and improvements, and $3,002,000
to redeem the Elizabethtown Lexington & Big Sandy 5s, m aturing
Mar. 1,1902, etc.—V. 74 p. 679.
The Louisville < Jeffersonville Bridge bonds, o f which $3,000,000
£
are outstanding, are guaranteed jointly and severally b y the Chesa
peake & Ohio andCleveland Cincinnati Chicago & St. Louis; any deficit
on account o f the bridge is payable by them m the proportion of onethird and two-thirds respectively—see V. 60, p. 130; V. 61, p. 327,
559; V. 62, p. 84 and separate statement for L. A J. Bridge Co.
Of the Greenbrier Ry. 4s o f 1900, guaranteed principal and interest,
$1,000,000 are reserved for extensions and improvements. See guar
anty, V. 72, p. 626; see also V. 71, p. 554, 602.
Operations , F inances , A c.—Since the reorganization In 1888, when
the control o f the com pany was placed fo r five years in the hands of
trustees, the property has been greatly enlarged and improved.
In Jan., 1900, Pennsylvania interests purchased a large block of
stock, and with the M organ-Vanderbilt interests now ow n a m ajority
o f the stock.—V. 70, p. 75, 632; V. 72, p. 480,
On June 30,1900, the N. Y. Cent. & Hud. Riv. and Clev. Cin. Chio. A
St. Louis owned stock representing outlays respectively o f $1,638,455
and $2,453,569. V. 71. p. 398, 5"5. On Jan, 1, 1902, the Pennsyl
vania RR. proper owned $10,130,000 and the Northern Central $1,
500,000 of the stock.
The C. & O. 88. Co. line was form ally opened Sept. 7 ,1 8 9 3 , and ow ns
six steamers, using the railroad wharves at N ewport News. The Coast
wise 8S. Co., whose $636,800 bonds were purchased in 1899-0, owns 3
ocean tugs and 15 barges and leases 3 steamers. V. 71, p. 554.
E arnings .—11 mos., ) 1901-2...Gross, $15,330,355; net, $5,712,288
July 1 to May 31. j 1900-1...Gross, 14,057,831; net, 5,260,959
For 6 months ending Dee. 3 1 ,1 9 0 1 : Not earnings over taxes and
maintenance, $3,107,096; fixed charges, less not income from other
sources, $1,861,277; balance, surplus, $1,245,819.
A n n u a l R e p o r t .—Flsoal year ends June 30. Annual meeting is
held at Richmond on the Tuesday preoeding the last Tuesday in
October. R eport for 1900-01 was given in full in V. 73, p. 659,‘677,
and showed the following. See also editorial p. 639.
Traffic.—Of the total tonnage (10,125,497) in the year 1900-01, opal
and coke furnished 5,450,514 tons, or 54 per oent of the w h o le ;
products of agriculture furnished 9 per oent. The average rate re
ceived on seaboard coal was only 2-72 mills per ton per mile ; on all
freight, 3-88 mills. Average train-load, 259 tons in 1892,511 in 1900-1.
Tear ending June 30—
1901.
1900.
1899.
Miles operated.................
1,561
1,476
1,415
Passenger earnings......... $2,826,813
$2,681,076
$2,422,053
10,095,144
9,062,879
Freight................................. 11,842,213
Express, mail and mlflcel.
702,516
625,850
524,908
Total earnings............ $15,371,542
$13,-402,070
$12,009,889
Oper. expenses and taxes $9,967,180
$9,087,639
$8,077,384
p < ot. expenses to oarnB.
t
(65)
(68)
(67)
Net earnings...............
$5,404,362
$4,314,432
$3,982,455
Other income.,...............
149,925
148,371
100,157
Total and net Income. $5,554,287
$4,402,803
$4,082,012
interest on bonds, A c ,... $3,552,300
$3,300,22,1
$3,326,481
Extraordinary expenses 1,304,172
348,666
........
Balance, surplus____ $997,725
"$$07,880
$700,130
‘ Dividends, 1 p. o ............ $005,287
$005,287
$005,287
* Bald from accumulated surplus, Balance to credit o f Income aocount June 80, 1901, $1,062,325.
OmrroKKg. President, George W, Stevens, Richmond, Va.; VicePresident, D oatur A xtell, Richmond, V u ; Treasurer, 0 . E. Potts,
<
Richmond, Va ; Secretary. O. E W ollford, Richmond, Va.; C o m p
tr o lle r , L. F. Sullivan, Richmond, Va.
1)1 o d o m
L o c a to r A x t e ll, J o h n I*. G roon, 8. M . P ro v o s t, l.lc tira n W . fllo rtW H
r iim in a o y M. Dapow, W illia m H . N m vn m ii, rw iiu iio l Ron, I I M oK . T w o ra ld o y
I f . T . W ic k h a m .
—(V.78, p. « u » , 6 5 0 . 0 7 7 , 950, 1159; V. 74, p, 320; ’ 378, 528, 079,
1104.)
cin-sn pin It e W d t c r i i I l y . —Owns North Itlvor Gap, V 11., to
Bridgewater. 14 miles; opened May l, 1002; leases for 99 years Ches
apeake f A western HR., Brldgowai i t to Elk ton, 27 miles; total, 41
mlb a Projected to tidewater on Chesapeake Bay, and westerly Into
the West Virginia coal Helds, of which 14 miles from Bridgewater to
North River Gap Is completed.
so
©
< 1
o
c
E
Ju l y ,
.RAILROAD
1902. J
STOCKS A N D
31
BONDS
Bonds—P rin ci
IN TEREST OR D IV ID E N D S.
pal,W hen D ue.
Miles Date Size, or
A m ount
When
Par
of
of
For explanation of colum n headings, &c., see notes
Outstanding Rate per Payable W here Payable, and by Stocks—La&t
Whom.
Cent.
Road. Bonds Yalue.
Dividend.
on first page o f tables.
R A ILR O A D S.
Chestnut H ill RR.—Stock, rental P. & R. R y ...........
C h ic. & A lt o n R y - —Com. stock, $ 20,000,000---Pref. stock. 4 per cent.non-cnm ., $ 2 0 ,0 0 0 ,0 0 0 ...
F irst lien M .,$22,000,000.g,sub.call a tp a r.F .c& r
Ch. & A lton R R . refund’ gM ., g. See text.IC .e*& r
4
57
57
57
A ll
$50
100
100
....
1900 l,00 0& o
1899 1,000&C
U n d e r l y in g Se c u r it ie s , E t c .
£200
Gen. M., Jol. to E. St. Louis & br., sterlin g .U s c* 322 1873
162 1878
1,000
S.f. bonds (K.C.St.L.<feC.lstM.eol.),g, not dr’n U s .o *
1,000
Miss. R iv. Br., 1st M., g., ass’d, s. f.jd F n a t 1 0 0 ;e* . . . . 1877
162
100
....
Kansas City St. L. &(¥. pref. stock, guaranteed..
100
37
....
Joliet & Chic., 7 p.o. stock,perpet.,guar, b y C.&A.
101
100
....
Louisiana & Mo., guaranteed p referred stock —
100
....
C h ica g o H u r lin g to n & Q u in cy —Stock,7 p.c.rental . . . .
1,000
C on/M . co v ’n g Ch. Term, (now 1st lien) see text.c* 826 1873
Illin ois Div. m ortgage, $85,000,000, cur. N R — 1,642 1899 1000,&o
$
Sink, fund, Iow a D iv., 5s, (col. tr.) draw n at 1 05 ..
901 U1879 1,000
8 7 9 1,000
Sink, fund m ortgage 4s, drawn at 1 0 0 ............c<fcr
.... 1881 1,000
Sink, fund 4s (So. W. D iv.) draw n at 100.........c*&r
415 1881
1,000
D env. exten. (coll, tr.) b ’ ds, s.f. dFn at 1 0 0 .N R .c *
.... 1883 1,000
Debentures fo r Han. & St. Joseph stock ............ o*
,
N ebr’ s k a e x t.,$ 2 0 ,0 0 0 p. m. (s. f ., n o td r’n)NRc*<fer 1,472 1887 l,00 0& c
121 1895
1,000
C hicago <felowa D iv., collat tru st............. N R .c *
.... 1890-2 100 <fcc.
Convertible debentures (See rem arks)................o*
Q .-M .
Phila., Treas. of.
$195,650
6
June 4, ’02,|l1
a
19,542,800
19,544,000 4 in 1902 J. & J. N. Y ., 120 B roadw ay, Ju ly 1 /0 2 ,2 %
22,000,000
do
do
Jan. 1, 1950
31sg. J. & J.
do
do
Oct. 1, 1949
31,988,000
3 g. A. & O.
TT4,379,850
111,663,000
11413,000
1,750,000
1,500,000
329,000
111,142,800
21,699,000
34,046,000
b 2 ,566,000
c 8 ,390,000
d 4 ,300,000
©7,968,000
9,000,000
25,900,000
2,320,000
379,400
b , $434,000, and
c , $4,207,000 can celed not includ ed. d , $1,450, 000, and
here included.
If Cash deposited to retire these at m a turity. —Y . 69, p. 178.
Stock authorized, $50,000,000; outstanding, see table. Ches. W est.
RR. has $533,500 com . and $29,200 p ref. stock outst’ng. In Oct., 1901,
m ade a m ortgage to the B ow ling Green Trust Co. o f N ew Y o rk to secure
$1,435,000 bonds. Y. 73, p. 899, 1356. Y ear ending June 30. 1901
(27 m iles), gross, $31,159; net after deducting taxes, $677; no in
terest paid, bonds bein g held by construction com pany. President,
De W itt Smith; Treas. and Gen. M gr., W. H. H all; 8 e c.,J . C. Ward.
Office, 100 B roadw ay, N. Y . - ( V . 73, p. 8 9 9 ,1 3 5 6 ; Y. 74, p. 986.)
C h e s t n u t H i l l R R . —Owns from G erm antow n to Chestnut n i l l
Pa., 4 miles; bein g double-tracked M ay, 1902. R e-leased in 1896 to
Phila. & R eading R y., the rental being reduced from 12 p er cent to 6
per cen t on stock, the latter bein g increased in June, 1902, from
$120,650 to $195,650 —(Y 74, p. 936, 986; Y. 75, p. 76.)
C h ic a g o «fc A l t o n R y . —(S ee M a p )— Ro a d — C hicago t o St. L o u is,
Kansas C ity, etc., in all 920 miles, o f w hich about 110 double tracked,
Leased L ines.—
Miles.
Road Owned—
Miles.
Springfield, 111., to G rove, 111.. 58 R oodhouse, 111., to Kansas
City, M o.................................. 251
Leasea L in es—
Chicago to East St. Louis, 111. 280 B loom in gton to W ann, via
J acksonville G odfrey &
Coal City L ine, In d ..................... 25
U pper A lton (all in 111.).... 159
Dwight, 111., to W ashington
and L a coc, 111....................... 80 Trackage to Peoria, 111., e tc .... 17
M exico, M o., to Cedar City, M o 50
T otal o f all ow ned, leased and operated in system ........................920
Or g a n iza t io n —This railw ay com pan y was organized in A pril, 1900,
and purchased substantially all the stock o f the Chicago < A lton
fc
R ailroad Com pany, viz., $ 1 8 ,3 2 2 ,4 0 0 of the $ 1 8 ,7 5 1 ,1 0 0 com m on and
$ 3 ,4 7 2 ,2 0 0 o f the $ 3 ,4 7 9 ,5 0 0 preferred stock, all o f w hich has been
deposited as security under the first lien m ortgage o f 1900; also the
line o f the St. Louis Peoria & N orthern betw een Springfield and G rove,
58 m iles
The ra ilroa d , w hose separate existence is m aintained for
legal reasons, has been leased for 99 years from A p ril, 1900. the rental
being the net earnings, after paym ent b y the lessee o f all interest on
b o n d s . taxes and other charges, etc. (See V . 7 0 , p. 6 8 6 , 995.)
St o c k .—A uthorized, $20,000,000 each o f com m on and 4 per cent
non-cum. preferred; issued in amounts as show n in table above, the
unissued stock being reserved to exchange fo r the outstanding stock
of the railroad com pany n ot n ow owned.
D iv id e n d s .—First sem i-annual dividend on preferred, 2 p. c., paid
Jan. 10, 1901; July, 2 p. c.; 1902, Jan., 2 p. c%; J u ly, 2 p. c.
B o n d s .— The first lien 3 ^ 8 o f 1900 are secured b y p ractically the en
tire capital stock o f the C. <i A. Railroad, as shown above, and by a
S
direct first lien on Springfield to G rove, 57 m iles.—V. 70, p. 894, 944.
(See application to list III full in V. 71, p. 1021.)
The railroad m ortgage securing the 3 p er cents o f 1899 w ill
refund bonds marked “ fi” in table'm aturing during n ext fou r years
and also provide fund for im provem ents and extensions. Bonds in
excess or $40,000,( 00 m ay be issued thereunder on vote o f tw othirds of the stockholders fo r extensions o f n ot over 500 miles,
main track, at not exceedin g $20,000 p er m ile, to fund leased line rentt&l obligations and for future betterm ents not to exceed $5,000,000 at
not over $1,000,000 per annum from Jan. 1. 1900. Stockholders in
1899-00 purchased $31,988,000 o f the new 3 p. c. bonds at the rate
of $650 cash for each $1,< 00 face value; V. 70, p. 739. See ofiicial
circular In V. 69, p. 178; also p. 26, 129, 541; V. 70, p. 4 29 ,99 5 .
General Finances.—The new management has made large expendi
tures f o r the development of the property, having purchased 4,000
ne w freight cars and 77 heavy locomotives, and undertaken important
w ork
In the reconstruction of bridges, etc.—V. 70, p. 680, 894, 944,995.
The money to pay all the existin g 6 and 7 p e rce n t bonds having
r
)een deposited with the United States Trust Go., together with the
interest thereon to the m aturity o f the several loans, the annual in
terest charge of the C A. A. RR. Co. is virtually 3 per cen t on the $31,968,000 new bonds, viz,, $959,040.- V. 7 i , p, 1012.
L a t e s t EAKN’ e - 1 1 m o n .,) 1901-2.,Gross, $8,498,023; net, $2,721,174
July 1 to May 31.
J 1900-1..Gross, 8,278,927; net, 2,856,408
ANNUAE R epo r t .-—Fiscal year now ends June 30. R eport fo r year
1 9 00 -01 was in V. 73, p. 839,
/---- Calendar yea r----- r
—Year end. June. 3 0 .M iles....... . .........................
1898.
843
1899.
843
1900.
855
19 0 1 .
920
G r o s s e a r n in g s .................. $ 6 ,0 9 3 ,2 9 5 $ 7 ,1 5 5 ,9 0 2 $ 7 ,7 9 0 ,4 4 9 $ 9 ,0 3 6 ,6 5 5
Opcr. e x p e n s e s ............. 3,976,638
N e t e a r n in g s ..........
4,103,577
4,541,1 13
5,495,608
$ 2 ,7 1 7 ,6 5 7 $ 2 ,9 9 2 ,3 8 5 $3^255^331 * 3 ,4 4 0 ,9 8 7
Dividends ( 7 p. o.) on C hicago < A lton HR. stock owned. x $ l,5 2 5 ,6 2 2
fe
Miscellaneous in com e................... .................................... ..........
5,759
Total Incom e..................................... ............................
$4,972,368
P^r.tajs to f ’. Sc A. H it ................................................................. $3,34 1,901
T a * e s on c o m p a n y 's lin e n o t c o v e r e d b y l e a s e .........................
Interest 38a per cen t b on d s......................................................... .
1 1 ,5 6 0
770,000
A ll c h a r g e s ........................................... ........................ ...................... $ 4 J r 3 ,401
J
7 8 1 ,7 6 0
4 p e r c e n t p r e fe r r e d d i v i d e n d ............................................................
Surplus
. . . ______ _________________ _
......
$67,147
x UnU^r It.4 Icahc nf the TiaUmnd, f-ho flail way .com pany Opdrat ex the lino rttld
?
a* rental pwld in 1POO-01
1,901, v Ij Im ere*!, taxes anri rqrjtnD
L:
f>if»,444j
o f net earnings. ? IAuc,if>7. From th h la*i,
pnlU 7 pnr eent D l.oes,
w ) 07 the Rniltnad on ID stork. This stonk U n early n\\ ow ned O f to e Hal)
6 g.
6 g6 g.
6
7
7
7
7
3*3
5
4
4
4
5
4
5
5
J. & J.
M. & N.
A. & O.
Q .- F .
Q -J .
F. & A.
Q .- J .
J. & J.
J. & J.
A. & O.
A. & O.
M. & 8.
F. & A.
M. & N.
M. & N.
F. & A.
M. & S.
©, $2,599,0 00, are
Lond’n,J.S.Morgan&Co.
N. Y ., 120 B roadw ay.
do
do
do
do
do
do
do
do
N. Y ., B oston and Chic.
N Y ., B k .of Com .& Bost.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Ju ly 1, 1903
M ay 1, 1903
Oet. 1, 1912
A u g .l’0 2,lL j%
July, ’0 2 ,1%%
A u g .l, ’ 02, 3*3
J u ly 1 , ’02, 13*
July 1, 1903
J u ly 1, 1949
Oet. 1, 1919
Oot. 1, 1919
Sept. 1, 1921
Feb. 1, 1922
M ay 1, 1913
M ay 1, 1927
Feb. 1, 1905
Sept. 1, 1903
in sinking fun d uncanc eled and
are
way com pany, w hich th erefore treats th e dividends receiv ed th ereon ($1,525,622) as “ oth er in com e,” as here shown. T h e Railroad, a fter paying dividends
and adjustm ents ($35,82<0 had a surplus fo r th e year o f $227,491 and a tota l
surplus June 80,1901,11,181,881.
O f f ic e r s .— Chairman o f E xec. Com .,E . H. Harriman; President, S.
F elton ; Vice-Pres., John N. Faithorn; Treas., F. V. S. Crosby ^Secretary,
A lex. Millar, 120 B roadw ay, N. Y . E xecu tive Com m ittee, E. H. H ar
rim an (Chairman), Jam es Stillman, G eorge J. G ou ld a n d M . L. Schiff.
D irectors—G eorge J. G ould, M. L. Schiff, Jam es Stillman, E. H . H arrim an
F. S. W inston, New Y ork; C. H . Chappell. S. M. Felton, D. R . Francis, Joh n
J. M itchell, N . B. R eam , Chicago; Jam es P. Forgan,‘.St. Louis.
—(Y. 7 2 ,p. 241; V .7 3 ,p .l8 3 , 2 3 5 ,7 2 0 ,8 3 9 ; V.fc74, p .32 6.)
C h ic a g o B u r l i n g t o n & Q u in c y R R . — f N s e J f a p j —R o a d .— Ope
rates a great system o f roads extending from Chicago w esterly, re a ch
ing St. Paul and M inneapolis, Minn., St. Louis and Kansas City, M o.,
Omaha, Neb., D enver, Col., Cheyenne,W yo., B lack H ills, S. D ., and B il
lings, M ont. The accom pan yin g m ap shows clearly the system , viz.:
L ines east o f M issouri Riv. Miles.
West o f M issouri R iver.
Miles.
Owned (standard gau ge)....... 3,987 S ecu rity all ow ned, leased in
C ontrolled (narrow g a u g e ).. 179
p erpet’ty(B .& M .R .in N eb.).3,797
Leased and operated jo in tly . 175 Kans. C. & Omaha (controlled) 203
T otal operated in system June 30, 1901........................................ 8,171
O r g a n iz a t io n , &c . This w as a consolidation in July, 1875, o f the
Chicago B urlington & Quincy in Illinois and the B urlington < Missouri
te
R iver in Iow a. C hicago B urlington & N orthern and other subsidiary
lines in Illin ois w ere absorbed in M ay, 1899. V. 68, p. 975. In
1900 purchased the rem aining leased lines in Iow a and M issouri, viz.:
Kans. C. St. Jos. & Co. Bluffs, St. L . K . & N. W ., Ohio. Burl. < K . C.,
fc
H an, &. St. Jos., Keokuk & W est, and Chic. Ft. Mad. & Des Moines*
Burl. & Missouri R iver, etc.—V. 71, p .6 9 7 ,8 63,963; V. 73, p. 137, 899.
In June, 1902, the B urlington & W estern, 109 m iles, w as standardgauged. Y. 75, p. 28.
In July, 1901, $107,577,200 o f the $111,200,000 stock had been e x
changed fo r the jo in t 20-year 4 p. c. bonds o f the Gt. N orthern and
N orthern Pao. secured by the deposit o f the stock in trust, on the basis
o f $200 in bonds for $100 stock. See circular, V. 72, p. 871, and appli
cation to list, Y. 73, p.294, and description o f bonds under Great Nor.
A branch from A lliance, Neb., to Guernsey, W yom ing, and from
Brush, Col., north to a ju n ction therew ith at N orthport, Neb., about
150 miles, was opened Sept., 1900, o f w hich 23 m iles is U nion Pacific
trackage. V. 71, p. 437 E xten sion from Toluca, M ont., to Cody City,
W yom ing, 120 miles, was com pleted in 1901, In Mar., 1901, the
D avenport R ock Island & N orthw estern R y., Moline, 111., to Clinton,
la ., 40 miles, was acquired jo in tly with the Chic. Milw. & St. Paul R y.—
Y. 72, p. 532, 675. In Feb., 1902, purchased Kansas City P eoria <
&
Chicago R y., W est Quincy to Pattonsburg, Mo., 196 miles, and in June,
1902, p ra ctica lly all the bonds and stock o f the Jackson ville & St,
Louis R y,, Jackson ville, to Centralia, 111, 112 miles. V. 74, p. 426,
1307. In July, 1902, extension from B illin gs, M ont., northw est to
Great Falls, on the Great N orthern, w as proposed.
F or legal reasons the road is leased to tue Chic. Burl. < Q uincy R a il
fc
way (which see below ) fo r 999 years from O ctober, 1901, at 7 per
cen t p er annum on stock. Y. 73, p. 8 4 2 ,1 0 1 1 ,1 0 6 1 , 1 20 7,1 3 12 .
C a p it a l St o c k .—The stock has been increased fo r the a cq u isition
of new lines, retirem ent o f over $15,000,000 con vertible debentures,
etc.; in 1880 a 20 p.o. distributionwas made. See “ O rga n ization ” above.
Divs.— ) ’ 81-87 ’ 88 ’ 89 >90 ’ 91 ’ 92 ’93 ’94 ’ 95-’97 ’ 98 ’99 to S ep .,’ 01
P er cent. $ 8 y rly 5
4 5 41* 5 5 43* 4 yly. 5 1 6 yearly.
#
On June 15, 1901, 2 p. c. was paid for the 4 m onths ending J u ly 1.
1901, when interest on the new Great N or.-Nor. Pao. collateral trust
4 per cent bonds began; Sept., l ' c p. o.; first quarterly dividend under
lease, V\ p. o., paid Jam 1 ,1 9 0 2 , dividends h ereafter to be Q .J .—V.
74, p, 41.
S i n k i n g F u n d s .— f n eluded In the bonds outstanding In the table
above are sundry bonds o f the com pan y which are held alive and
drawing Interest for accou n t of the various sinking funds.
R o n d s .— For fu ll d e s c r i p t i o n o f each l o a n s e e t h e e d it o r i a l a r t i c l e o n
pages 3 to 6 o f S upplement o f Oct., 1896, a n d O u k o n i o l d V. 63, p. 775.
The mortgage o f i8qg f o r ty6ytooo,ooo secures bonds dated Ju ly 1,
1899, maturing July 1, 1949, and to bear interest at not to exceed 5
per cent. Bucb bonds as may be Issued bearing
per e d it interest
will be su bject to call at 105 per cent and accrued Interest iwttd those
bearing interest at less than
p. Q at par and Interest on any
*
coupon day after th irty years. The Issue is limited to $85,000,000,
and the l ien securing the bonds w ill becom e an absolute first m ortgage,
coverin g all lines east o f the Mississippi R iver, upon the pay
ment, of $28,924,000 consolidated m ortgage 7 per cent bonds due
July 1, 1903, and of $2,320,000 Chicago A Iow a Division 5 per cent
bonds due Feb. 1, 1904. Sultlcdent o f the new loan is reserved to take
up Diene $31,244,000 bonds and $34,040,000 were issued In 18991902. The rem ainder of the loan will be available for additions, e tc,—
See V. OH, p. 771; abstract, V. 69, p. 283; V. 69, p .79 5; V. 74, p. 1307.
The town r/lvhdon bomb* are a find m ortgage on the main line In
Iowa from Burling ton to Fn«t IMattHinoutb on Die Mo, River, 278 miles,
and on 122 miles of branches; they are also a 1 rst collateral lien on 420
1
miles o f branches and H miles nf second trunk. These bonds have a
O
sinking fund of 14# p e rce n t ($203,800) yea rly, for which, the 4s are
subject to null at 100. Die 5s at 105. The single main line and brandies
covered "sh o ll not exceed In Dm aggregate 900 miles." at $16,000
per m ile; on second track (of which June 30, 1901, there were 80
miles) may be Issued an additional $ 14,000 per mile. (V. 65, p. 462.)
“T O
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RAILROAD
J u l y , 1902.)
STOCKS
AND
BONDS.
33
S u b sc rib e r s w i l l c o n fe r a g r e a t fa v o r by g i v i n g I m m e d ia te n o tic e o f a n y e r r o r d is c o v e r e d in th e se T a b le s .
Bonds—P rinci
INTEREST OF DIVID EN DS.
Miles Date Size, or
pal,^When Due.
A m ount
Par
of
R ate per When W here Payable, and by Stocks—Last
of
For explanation of colum n headings, &o., see notes
Road. Bonds Value. Outstanding
Cent.
Payable
Whom.
on first page of tables.
Dividend.
R A ILR O A D S.
Chicago B urlington < Quincy—( Concluded)—
£
B .& M o.RR. inN eb. J L’ d gr., s. f., dr. atlO O .N B >
Con.M $14000000 l E xem pt, n ot defei till 1908 s
Burl. & Mo. R R. inN eb., s.f. fo r A t.& N .R R .stk .N B
Hannibal & St. J o., consol. M , now 1st M ..F .C *
K.C.St.J.A Coun. B l.,con .M . (Nos. 1 to 5 0 0 p f.)c*
1st Ms. Nod.and Tark.Val.RRs. s.f.(dr.at 100). c*
Rep.Val., lstM .,gu.,(dr. at 100) s. f .,$ 1 4 ,0 0 0 y ’ly.c
Atch. &Neb., IstM ., At. to Lin., Neb., etc., guar.c*
2d mort. on Atch. & Neb. R R . (1st M. on bridge)
Linc’n A N .W .R R .lstM . guar., s .f.l p. o., n ot dr’n ..
Chic. & East. Illinois—Com. stk. ($15,000 p. m .) U p
Pf. st’k, $10,000,000,6 p.c.non-cum ($10,000 p.m.)
1st mort, (s. f. $20,000, no draw ings)............ C e .c A
Danville & Grape Creek R R .—1st M., assum ed., o*
E xtension, 1st m o r t g a g e ......................................c*
Consol, m ortgage (for $ 6,0 00 ,0 00 ),gold ........C e.c*
Collateral trust bonds, sinking fu n d ....................c*
Gen’l consol, and 1st m ort. $ 3 0 ,0 0 0 ,0 0 0 ..C e e&r
Chic.A Ind. Coal—IstM . $25,000 p.m .,ass’ d.OTp.c*
E vansv. T. H aute & Chic., incom e m ortgage.......
Indiana B lock Coal, 1st m ort., s. f., call at p a r...
Chicago & Erie—Stock (all held b y E rie)...................
IstM ., gold, int’st guar, t in principal is p d ..C e .c*
Incom e bonds fo r $10,000,000 5 p. c. non-cum .N
Terminal 1st m ortgage, gold......................................
585
« . ..
289
248
62
90
145
....
73
....
....
107j
7
15
127
....
380
174
49
....
249
249
6
J. A J. B oston, Bk. o f Com’rce.
$600&c. 2:8,535,000
600 &0.
5,000,000
6
J. & J.
do
do
1,000 113,347,000
4
J. & J.
do
do
8,000,000
M. & 8. N. Y ., Bk. o f No. America.
1,000
6
100 &0.
5,000,000
7
J. & J. B oston, 2d Nat’l Bank.
356,000
J. & D.
1,000
7
do
do
600 &c. 1*1,078,000
6
J. & J. B oston, Bk. o f Com’rce.
M. & S. B oston, Bk. o f Com’rce.
100 &o.
7
1,125,000
Boston.
See text.
6
J. & D.
600,000
1,000
7
J. & J. B oston, Co.’ s Office.
100
7,197,800 6 in 1902 J. & J. N .Y., H an over Nat. B ’k
6,830,700 6 in 1901 Q .- J .
do
do
100
100 Ac.
2,989,000
6
J. & D. N .Y ., 4th Nat. Bank.
97,000
M. & N. N. Y ., Central Trust Co.
1,000
6
1,000
91,000
6
J. A D. N. Y ., Fourth N at. Bank.
1,000
2,788,000
6 g. A. & 0 . N. Y ., Central Trust Co.
42,000
do
do
1,000
6 g. F. & A.
M. & N.
do
do
5
l,0 0 0 & c 12,986,000
J. & J. N. Y ., Met. Trust Co.
4,626,000
5
1,000
M. & N. N.Y., Farm . L. A T r. Co.
1,000
150,000
6
500 &c
143.000
J. & J.
do
do
7
100
100.000
1890
1,000
12,000,000
5 g. M. & N. N ew Y ork , E rie RR.
1890 l f000A c 10,000,000
M ostly ow ned b y Erie RR.
1888
300,000
5 g. J. & J, N ew Y ork , E rie R R .
51878
(1 8 7 8
1880
1881
1877
1880
1879
1878
1887
1880
....
....
1877
1880
1881
1884
1887
1887
1886
1881
1878
July 1, 1918
July 1, 1918
Jan. 1, 1910
Mch. 1, 1911
Jan. 1, 1907
June 1, 1920
Ju ly 1, 1919
Mch. 1, 1908
D ec. 1, 1927
Jan. 1, 1910
July 2 /0 2 , 3
Apr. 1,'02,11*
Dec. 1, 1907
M ay 1, 1920
D ec. 1, 1931
Oct. 1, 1934
Feb. 1, 1912
N ov. 1, 1937
Jan. 1, 1936
M ay 1, 1920
July 1, 1908
May 1, 1982
Oct. 1, 1982
July, 1918
The Chicago B urlin gton & Quincy sinking funds fo r the several loans resp ectively held alive June 3 0 ,1 9 0 2 , o f the bonds given a bove as
ou tstan d in g: Of g , $5,620,900 J u ly 1, 1902; h , June 3 0 ,1 9 0 1 , $1,931,000; k , $412.400 J u ly 1, 1901.
____________________________________
D enver Ext. bonds can be increased on ly fo r 2nd track at $10,000 p. m.
The collateral trust Nebraska extension bonds o f 1887 are issued at
$20,000 per m ile fo r single and $10,000 per m ile fo r second track on
not exceed in g 1,500 miles. A b s t r a c t o f deed Y . 45, p. 441.
B urlington 2 M issouri JIB. in Nebraska consol, m ortgage o f 1878 is for
$14,000,000, and is n ow a 1st M. or 1st collateral lien; all excep t the
$5,000,000 of exempt bonds are subject to call fo r the sinking fund at
par, $278,600 having been retired in 1900. The “ exem pt ” bonds may
be called after 1908.
The 5 p er cent debentures of 1890-92 are convertible $ fo r $ into stock
any time prior to Dec. 1 ,19 02 , excep t w hen books are closed. $15,614,800 had been thus converted up to June, 1902. Y. 67, p. 842. See
terms o f conversion on page 5 o f the Su pplem en t fo r Oct., 1896.
G e n era l F inances .—The Chicago B urlington & Quincy Railroad
has been one o f the m ost profitable in the country, as its numerous
branches tributary to the main line were built into ch oice agricultural
territory. Corn, how ever, being one of the principal articles carried
by it. its earnings vary greatly according to the size o f the crop.
In Mar.,1901, stockholders subscribed fo r $9,922,700 new stock at par.
L atest E a r n in g s .—From J u l y l to May 31 (11 months) earnings,
Including lines controlled, were :
11 months.
Cross.
Net.
Charges.
Balance.
1901-2..................... $49,318,501 $18,406,527 $8,800,000 $9,606,527
1900-1...................... 45,963,032 16,341,812
8,769,862
7,571,948
A nnual R e p o r t .—Fiscal year ends June 30. R eport fo r 1900-01 was
in the Ch r o n ic le , V. 73, p. 780, 787, (see also editorial, p. 759),
showing operations, including results o f the C. B. < N., etc.
fe
1900-01.
1899-00.
1898-99.
Miles operated June 3 0 ............
7,993
7,661
7,419
Freight............................................ $33,662,221 $32,557,999 $29,270,942
P a s s e n g e r .... ........................... 11,624,746
10,384,408
9,469,018
Mall and m iscellan eou s............
4,765,022
4,593,013
4,649,465
Gross earnings.............................$50,051,989 $47,535,420 $43,389,425
Expenses and ta x e s.................... 34,069,908
31,422,342 28,135,465
N e t ........................................$15,983 081 '$16,lT3707¥ $15,253,960
Prop, o f exp. to gross earnings
(68 07)
(66T 0)
(64*84)
Other in co m e ...............................
380,797
382,195
487,822
Total in com e.......................... $16,363,878 $16,495,273 $15,741,782
tnt.,rent, e t c ...............................
8,238,471
8,.s 66,512
9,013,482
B alance.................................... $8,125,407
$7,928,761 $6,728,300
D ividends................................... (6^ )6 ,65 2 ,55 7 (6)5,829,678 (6 )5 ,2 3 «.371
Surplus................................... $1,472,850
$2,099,083
$1,489,929
Pres’t, Geo. B. H arris.
D irectors.—Fra n cs W. Hunnewell
Boston; Charles K Perkins of Bur
r> K. B. Harriruan, JaC'b H SetaifT, George J. Gould, H. McK. Twombly
;
anrj Robert Raeozt of New York: James J. Hill and James N*Hill of St. Paul,
J- MaJcom Por be* of Boston find Norman B. T rd *,f Chicago.
t<
—'V. 73, p. 2M5, 294, 390, 494, 78<», 7 8 7 , 842. 899. 1010, 1061, 1111,
1207, 1312; V. 74, p. 41, 2 0 1 ,4 2 6 , 1088, 1307; V. 75, p. 28.)
C h ic a g o B u r l i n g t o n A: Q u i n c y R a i l w a y . - L e a s e s the Chic.
Burl. A Q. Railroad syptem for 999 years from O ctober, 1 9 0 1 , at 7
prr cent on its stock. In corp orated in Iow a on Oct. 16, 1901.—V. 73,
P- 842, J207. Hee C. B. & Q. Railroad above and Northern Securities
item, V. 73, p. 1357. 8 lock authorized, $100,000,000. o f which onehalf w as reported in June. 1902, to be in the Northern Pacific treas
ury and one-half in the Great N o tth em treasury.
prcRirteni. George B. Harris; 1at Vice-President, Durian Miller;
Id v if:*:-F re-., Howard Ehbu.L; H and A h Tren«.. H. T . Jaivis, of Burllngoc.
st.
S
f . in.: Tre«s. unrl A y-.rNsrr. 'V. H Howland, <)f Chicago: A,u». Trow .A .
.
G .-hanwood, of Beaton: A • . Hoe., Gen run H. Karl, of
1
York
Dir**cp»r« George m. Harris, Churles E* Perkin#, .John 8. Kennedy, Jnmen J.
In 11, William l\ r,\ uuh. Beorg- W. Perking, E. H. liarrlniau. M. L. 8chirr,
v i bam H. Mc ItJtyre and Jamen Stillman.
v
ive (b mralttee. -Measrf. U. W. Perk Inn, Hill, Harriman, Clough* Bohl fT
anri HvtrGn.
- I V . 73. p. 842, 899, 1312.)
r i i l r u g o A B a n te r ii V llInolH It f t . —f Sec M ap.)—Operates road
(double track to Danvllle Jet., 106 rnllfis) from Chicago, fl!., to Terre
IIante, fnd,, and bituminous coal fields; also to Thebes and Joppa, III.
ovnifd in/ee.^
Mile*. Coal Bluff, fnd., to Casey, Ind. 7
Dolton to Danville, 1 1 1................107
Branches to Coal Mines............ 15
Danville, III., to Brazil, f n d .... 61 D ouble tra ck ................................. jg6
Mmnence Jr .,111 ,to Brazil,fnrl. 130 BJrle tracks...................................... . agt
Danville Jr.., OL, to Thebes, 111.277
Joppa Jet to Joppa, 111 ......... 1 6
Trackage, etc.
CDsna Jo. to Qfawria Park, 111. 1 1 (Ti Ica go to D o)ton, Ch.AW. \rid. 17
Roseville Jr. to Hidell .Jr., Ill
84 Otter Creek June, to Terre II
6
P* rcy Jr t. to La Grosse, In d .. 46
M11ford B ranch _________ _
\j
Total operated Dec., 1901. ,738
H isto ry , LBa se s , A c .- Reorganized under existing title In 1877.
In Not ., 1887, consolidated with two other c o ’s (V. 46, r> 185), and
.
on June 6, 1894, with Chicago A Indiana Coal KH.
V. 58. p. 987;
also Y. 48, p . 3 3 4 , Also owns $1,000,000 slock o f Chic. A Western
Indiana—having all the local traffic o f the latter road from Dolton
L?_ ° hie a go. In 1901 the traffic contract made In 1890 with the
Evansville Y Terre Haute for the Operation of a through line between
V^biruigo and Evansville was f till in force. (V. 55, p, 995.) In Mar.,'97,
iirir
Badncah A Memphis, 100 miles, was purchased. In Dec.,
i _ 99. merged the controlled companies, the E vansville Terre Haute a
Chicago and the Indiana Block ( on! RR, V. 71, r». 389 An ex tension
from Marlon, 111., to Thebes, 63 miles, connecting with the Ht Louis
Southwestern, was com pleted in Jan., 1900. Y. 68, p. 2 3 1 : Y. 68, p.
771 E xtension to Joppa, 111., 16 miles, com pleted D ec., 1 9 0 0 .—Y . 73,
p. 660.
In July, 1902, the Southern 111. & M issouri B ridge C > had let con
.
tracts in the interest o f the C. & E. IlJ. fo r a bridge across the
Mississippi R iver, at or near Thebes, at an estim ated cost, o f $1,500,000 or $2,000,000, con n ectin g w ith St. Louis Southw estern a direct
line to Texas points. V. 71, p. 1219; Y 74, p. 936.
As to rumors in 1902, see Y. 74, p. 1354; Y. 75, p. 28
Ca p it a l St o c k .—The com m on stock ($15,000,000 authorized) Is e n
titled to all surplus after 6 per cent on the preferred stock. In addition
to the amounts outstanding in the table, $4,847,000 com m on and
$865,900 preferred w ere held In the com pan y’s treasury in July, 1901.
D iv id e n d s — ) ’ 88. ’ 89. ’90. ’9 ;. ,9 2 -, 7. ’ 98. ’ 99. ’ OO.’Ol
1902.
6 6 stk. 4 ^ 6 yrly 6
6
6 6 In cl.JT y4^
On pref., p. c ___> 7 ^
Com m on, p. c .... ) 0
0 0
0 0
2^ 3^ 4^ 5^
6
D ividend on com m on in 1899, Jan , l 1 p. c.; July, 2; 1900, Jan ., 2;
^
July, 2 ^ ; 1901, Jan., 2** p. c., including ** extra; July, 3 p. c „ inclu d
ing 1 extra; 1902, Jan., 3 p. c.; July, 3 p. c.
B onds .—Tne general consol, and 1st m ortgage o f 1887 (trustee, Cen
tral Trust Co.) provides fo rth e retirem ent o f $6,042,000 prior bonds and
for issue o f bonds on new road at $18,000 per m ile for single track
also for bonds fo r equipm ent at $7,000 per m ile and fo r double track at
$8,000 per mile. In 1897 the total issue o f gen. consol, bonaa was
limited to $30,000,000 and bonds w ere reserved fo r Chicago &
Indiana Coal firsts. See V. 64, p. 1088.
The gen. consols are
a first m ortgage
on
380
miles
o f road,
including the
line from R ossville via
Sidell to Thebes,
e t c .; also
on
equipm ent valued at $2,657,000, and upon real estate in Chicago co st
ing over $1,200,000. They also cov er 106 miles o f double track from
D anville to D olton , 111., and rest o f prop erty su bject to prior liens.
G e n e r a l F inances .—This com pany owns m ost ot the capital stock
o f the Brazil B lock Coal Co., and carries all its coal. It carries also
the coal o f the D anville, Clinton and W illiam son cou n ty fields. On
J u l y l , 1901, Chicago P. & M. car trust notes (including interest),
$155,548. In Jan., 1901, $1,000,000 each o f com m on and preferred
were issued fo r equipm ent, im provem ents, etc —V. 72, p. 86.
E a r n i n g s .— F or 1 1 m onths, Ju ly 1 to May 3 1 :
11 mos. Cross.
Net.
Other inc.
In t., &c.
B al. 9 rp .
su
1901 2 ..$ 5,7 42 ,9 64 $2,598,121
$188,228
$1,446,748 $1,339,601
1900-1.. 5,210,835 2,228,257
185,744
1,435,320
978,681
A nnual R e p o r t .—Fiscal year ends June 30. A nnual m eeting is held
in Chicago on the first W ednesday in June. The annual report fo r
1900-01 was in V. 73, p. 552, 660. The com pany receives low rates for
its freight, the rate per ton p er mile being 0 493 cts. in 1900-01.
Year end. J u n e 30.
1901.
1900.
1899.
1898
Miles operat. June 30
727
711
648
<
648
Gross earnings.......... $5,659,446 $5,148,897 $4,581,560 $4,221,438
2,712,920
2,619,632
'"
3 ,0 6 3 ,6 2 7
‘“
Oper. exp. A t a x e s ... 3,471,294
Net e a rn in g s ...........$2,188,152 $2,085,270 $1,868,640 $1,601,806
(62*05)
(59*22)
(59*50)
P. c. op. ex. to earns..
(61*34)
Net (incl.oth. incom e).$2,407,215 $2,300,159 $2,065,329 $1,768,092
1,083,052
1,126,139
1,066,399
Interest p a i d .............. 1,201,671
183,648
229,651
231,567
R e n ta ls........................
137,578
Div. op pref. stock . .(6)3 79 ,84 2 (6) 349,842 (6) 349,842 (6) 289,842
Div. on com . s to c k .. (5 V)370.'879 (4^)278,901 (3 ^ )2 1 6 ,9 2 3 (2 ^ )1 5 4 ,9 4 5
Tr’ n , deprec’ n, etc. 317,245
129.203
100,000
....
Balance........................
7 ... sr. $232,424 s r .$ l00,598 sr.$10,602
O ffic e r s .—Chairman, II. If. Porter, Chicago; President, M. J. Oarpen ter, Chicago; Vice-President, O. 8. L yford, Chicago; Treasurer, O.
W. Hillard, Chicago; Bee.; A. M. Smith, 355 Dearborn Street. Chicago.
Director**.—a . K. Flower It. M. Hoe, H. 8elberi.,(l. 8 Brewster. 2. S, Flower
New York: Q. 11, Ball, Boston: O. 8. Gy ford, 11. II. Porter, C. V . Hillard. M. J.
V
Carpenter, Chicago; J. O. English, Dimvllb*. ill.
(V. 74, p. 036, 1250, 1354; Y. 75, p. 28.)
C h i c a g o A: K r l e
(See Map Eric HR.)--O w n s from Marion, O.,
to Hammond, Ind.. 249 miles, and leases trackage over Chicago A
West. Indiana to Chicago, 20 miles. Practically merged In Erie. HR Co.
B o n d s . The first mortgage (trustees Central Trust Co. and Edward
Daniels) covers 240 miles o f road, the eon tract with the Chicago A
Western Indiana, $1,000,000 o f that com pany’ s stock and $240,000
stock o f Chicago B elt Ky. Bee abstracts V. 51, p, 91 l , V. 61, p. 750.
C h ic a g o A G ra n d T r u n k I t y .—
-See Grand Trunk W estern Ky.
( l i i m ^ c C r r n t W e s lo r ii I t y . (See M a p . ) Koa i>.-O perates the
Maple Leaf" route, radiat ing from Oelwetn, la., northerly to Bt. Paul,
easterly to Chicago and southerly to Kansas City,* c
.r and e m b r a c in g :
Trackage, etc.
Mile*.
lin e s Owned
Miles.
. . . . . 11
Bt. Paul to M inneapolis
Ohio. Ht, P. A K a n . City Kv.
442) 10
Chicago terminals (V.7 1
Chicago to Ht. Paul, Mlnn*,
....... 16
and Bt. Joseph, Mo .......... 600 Dubtm ue to A ikon ___
B r a n c h e s to f m y fle ld , e f e . . . . 1 3 1 Des M oines term in als
3
B ee Creek t o B e v e r ly (n o h d s.) 23 Leavenw orth to Kansas C ity.. 40
Opera led under agree me n I
If which *oo.
Mason Cit y »V Fort D o d g e
If 104
W isconsin Minn. A P a cific... 11246
Total operated,
—
930
As to new m ileage operated In 1901 rirnl In 1002, ivticl sale In 1002 of
t wo branches (91 mlh s) to the Mason Cily A Fort Dodge HR., see
finances below.
UtfVESTORS’
34
C H IC A G O
EASTERN
SUPPLEMENT.
[V
o l. L X X V .
S
l
DOLTON
IL L IN O IS
Shabbona
DO LT/
MOMENCE
A u rora
R ailroad / C onnections . _
Reduced Scale.
Thprtl
'WATS ECA
~
Pe°
rNAPARK c *
RO^SVILLE
Yk 'c o iR S B U R G
SIDELL
Springfield -—
tuscola^
Sheridan
Jc.
\
<
DA N V T tt
IndianapcIu ;
/
Co lu m bu s
_ o----- ------—
-iTjfW SH LB V
J
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y^^ v
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NT
1
C. R.
Thoinafi
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f VIN E /vf
C /V
1 .E O
st LM
Washingtoi
Streator
^
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B Vernon
Ctv tAp S.
Je
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X o ste r
Char lesto n
<A (
>
^ S mt.vernc
•
1< "*
/* •
m^ 'Sit. /
ST. ANNE
Pajiineau
y^AW
SVlLLE
Pontiac
enderson /
PeKAm
f Julian
Toresman
3laJtinton
U/ /^t'vood
PERCY JC
* GRAYS
/
^ / jYe
ah ^ X cu th rip__ ^
M a ld e n X j$ ay lidfl^ , i 1 t f n n S ^ ~ V / A ? /
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^ ' A iv —
..n v /
cyY,, p J —v*.----V ^
ASHV1 l\
Quld/^LHorlners-Yi le ^
Jumbi:
Jacklson
L
it t l e
R ock
Pine "Bluffy
Wadena
Loch iel
xn-ton \. _>"/
/
Is S Nfl/PA R
Gibson City!/
\/ fi
a
~ *T r~ sT / ^
IAt t XnOOGA /
S W A N IN G l O N
OXFORD
Pine^TTlagi^5
IV in tW Q g ^
Jndependeipe
CUthei/Tn/er
ATTICA
Clinton
BIRMINGHAM
r/enadaj
»•
Rbb^Roy
L -'
Ayls\vbrtJ>^Tl.
Champaign'
/L e i an c
3Tacon
M
ontgo m ery,
Columbusf^w
o
Kingniam
(n^ghrevepori
runswr
| tv
V aton
Tangier^
hVestPiiic
v
D ecaii
Glim ax
.PENSACOLA
iA N R ouge
TO
OSEDAL
IG &.E
K / S-TON;
< yi\ L em a
b
L o u is ia n a ,
lolumbiana
L it c h f ie ld
LIVAN
P ill b
Iffingham
orento
.\\sville
INewton
Vandalia
Oaktl
n roe
Sinithbqro
H
fve Cceur
Olney
|s a l e M
PAC.
VINCENNES!
Cart ter
LKell
Centralia
U nion1
Pacific
IN a s h v ille
Ltiverside
Silica r
y t J BRANCH
£A
•ultersville'
Tamarda,
t \
TRENTON
Lai Point
1
V 4
Jackson
R A IL R O A D ^
>
A
\
Union
\ T. V'
Grand Towe:
C H IC A G O &
^KBuckskins
,
POS-EYV(| LI
Car bond all<
Salem
Shawnee
ud g e n s /0 •
fiG o r e v ille
iHeneterbon'
Owensbor<
31 organ fieId:
^ vaxiison
Providence
x
^
Zalina
IL L IN O IS
>t>oivvi! eU
dro°bly“
K /S i^ I R O
inceton*
^ - , V
.
PADUCA^/V
Shaded Portion Shows Coal Territory,
L G race.
S-Columbus
P o p la r
Blufi’\
Bernie
^utihrie
3turray
Clarksvii]e
F u lton
Campbell
Springfield
Union City
Piggott^
Pocahontas
V
^ o p ^ in0^ i e
Bloomfield < Q.
S>
C O N N E C T IO N S
H ives .
Martin
Edgefield
*^\ Jc.
Danville
Paris
'Car u the:
P on d
McKenzie
PARAGOULD
Hoxie
^ v jL i:
DeKoven-
\ \
^B uucorttbe^/y
\
A JOPP4 JC*
A? \
V
A
I \ Mayfield t
Hardy
^N^fSomeryiile,
W.esUFnankt'
!hester\$
Bismarck
EASTERN
/
Owens
W hittington
E v S n ^ yille
Steelville
Grayville
ansboro
Sparta
Cuba
vW
ORTHINGTOI
N A S H VI
Dixon
^ B ro ck la n d /
Cushman
H u m b o ld t
Lilian
Nettleton
W iener
Columbia
Bells
Allens Or.
Mason
Searcy
Hapier
S o m e r v ille .
Martin
Bemis
Moscow
[Pulaski
d^ieton k)
Coiinth
BRINKLEY
Tunica
Tuseumbia
Stuttgart v?©
H
LU LA
Coahoma
New Albany
/Sum uu
RAILROAD STOCKS AN D
>UtYv 1902 J
BONDS.
39
CHICAGO GREAT WESTERN
lalumet;
D luh
u t
I)e tro it Of-
iayfield
N. P.'Junc
Marquei
Ashland June.
Middle ^
/
R iver
]
Imberly
“Wadena Jc,
b Gordon
/
Stambaugh
Butternut
Minckley
loyalton
Superior J<
Chicago
Grant stmrg
Rhinblander
Philips
Monico
St. Cloud
W estboro
Monticello
Litchfield
Montevideo
Ifin n e to rik a L.
Ss
MeiTill
‘edford
H u d son
Wausai
A bottsford
chi
Chippewa Falls,
"Bird IsL’d
Ocan:
Eland
iaire
w ood Fal
Merrillon.
.Stanton ^
:edwoodj<
i/y
45^ \N ew ^ondo:
Grand R ap id s'^ ^ .
abashawi
IXerstrand^
ZUM BROTA
Crysta!
h m ah J
^Cam V) D ou gla i
Sparta
,W indom
\ ■VVinne'bago C y
"Wei 1 \
s
r
orthingfcnT
a
Winona Jt
La Crosse
Wal£h;
\
La Crescent 1Mu
A lb e r t Lea!
BarahocTS.
Istlretyj;
'ZRicbland Cen,
yfisconsin
V A E L M O N D
^nvWmore ^
Lancaster
i t n-iaiv
.Fonda £A'PL
I
CITY
Beloit!
F T .o o p a t i
Ar E R LTO ^i
G
w. El dor a
SONSVX
Giffori
ATonticelTo
Carrol} Cy.
M FfSH L
A
A
Toledo
MELBOURN
v . 1CJ£c
J
Baxter
Valeri
iflggottn
Barleyft
;elnbe<
/ 3Tonlo\ D
A "oca,
■Savanna
—
■
GNTewb
AQrfnnel
^
----- ^Alar.engi
oXa.&AL-Jc.
/
la^IontfescuTna /
\ tNeV^xijaron /
1oS K A1-0 O S f
(tic Wint®reei
'otiUmffllv
’Washington
QjmUin
ffcuinwft
A l ton pc,
Clinton 7/ftEulton
T ipton
javenport,
Juscatwe
Keith sb
.Fajrffdd,
priw/outh
rimln
lumeKtOn
^iujrflngton
Centre Y lj
KNOWLT
H£_k A L B /n sv
1^
Amboy
Colona
/
V /lM bnd otj
cH v
J o lie t
BudfO<V.
^B ureau Jc
G alva/
dCankalcoei
OalcKbin
L e r w ic k
1 . -Mualnori /
arm dale:
Cantli up: r
P arooll Cit,
D e l a van
/ Ltn r
i
(Tavaria
•of Com 1
A lla n I,
iCmijinlgn
liu s h v
Kiriti" v ill,'
Maya*itin l i \
/
JOSEPH
M-tnflton
Monroe (
l/VfO-i CUy \
IEAVENWOR
ISrMnr.wJf
ArxJngtoti
A N 8 A S C IT Y
Ottawa
V'l.iidalln
Boom-} }fc
HffJfiih
rrlaonylJlc
<1 Union
36
INVESTORS’
SUPPLEMENT
[V o l . L X X V .
Botuls—PrinoiINTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Am ount
of
of
Par
F or explanation o f colum n headings, A c., see notes
Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding
Whom.
on first page o f tables.
Cent. Payable
Dividend.
R AILRO AD S.
Chicago A Gr. Trunk—See G r . T r u n k W est . Ry.
C h icago O rea t W e ste rn —
....
$100 $24,327,000
....
Deb. stock, cum., g., $30,000,000, div. in cash, g.
4 g.
Debenture scrip (not. interest-bearing)...................
4,489 No inf, st
____
100
....
11,372,400 5 in 1902
Preferred stock A , $15,000,000, 5 per cent, gold.
100
9,468,000 5 None )
Pref. stock B, 4 per cent $10,000,000.....................
100
Common stock, $30,000,000 ...................................
23,383^395 ( paid. \
____
1897 £ 1 0 0 Ac
179,393
Sterling 5-year notes 6s (no m ortgage) g o ld ........
6 g.
. . . . 1898 Various
1,124,242
Sterling 5-year notes 5s o f 1898 (no m ortga ge)..
5 g.
....
1899 V arious
Sterling 5-year notes 5s o f 1899 (no m ortga ge)..
808,333
5 g.
Chic. H am m ond < West9 —See C h ic . J unction R y ,
&
n
Chicago dt In d ian a Coal—See Ch ic . & E astern I I LINOIS .
1,000
43 1902
Chic. In d . < East.—1st M., g . red. 115 (te x t).N .c*
&
500,000
5 g.
C h ica g o I n d i a n a p # & L o u is v ille —Com. sto ck ...
100
....
....
10,500,000
100
Preferred, 4 per cent, non-cum ., $5,000,000.........
....
....
5,000,000 4 in 19 01
1,000
L.N.A.AC., 1st Main Line.—N. A. to Mich. City.-C* 289 1880
3,000,000
6
1,000
162 1881
1st M., Chic. & Ind. D iv., Chic, to Ind., g o ld ..c*
2,300,000
6 g.
1,000
3,842,000
C. I. & L. refunding m ort., $10,300,000, g o ld ..C e 509 1897
5 g.
509 1897
1,000
Do
gold 6s, issued for old con sols................
4,700,000
6 g.
1,000
P erry Mathews Buskirk Stone Co., 1st M., guar..
. •»• 1898
50,000
6 g1#000
Con.StoneCo. 1st M.,$250,COO,g.,gu.,p.Ai.red. text
. . . . 1900
168,000
6 g1,000 In treasury.
Indiana Stone R R . 1st M., guar................................
0 * ....
09
5 g.
100
Chicago Junction—Common stock ....... .....................
... - ....
2,200,000 A ll owne
Chic. Ham. A West., 1st M., $2,500,000, g...c**fcr 24*43 1897 500 A c.
2,090,000
6 g
C h ic a g o G re a t W e s t e r n - (C o n c l u d e d .)
H i s t o r y .—The Chicago St. Paul & Kansas C ity was organized in
M ay, 1886, and in D ecem ber, 1887, m erged w ith M innesota A N orth
western. In August, 1892, reorganized per plan, V ol. 55, p. 856. Each
$1,000 o f Minn. A N. W. and Chi. St. P. & K. C. first m ort. bonds was
given $500 debenture stock and $600 pref. “ A ” stock.
On Sept. 7 ,1 8 9 3 , the Great W estern acquired by deed the title o f the
Chicago St. Paul & Kansas Citv R y. (815*67 miles). In June, 1902,
the old m ortgages were satisfied o f record. V. 74, p. 726.
S e c u r it ie s .— The holders o f debenture and p re fe rre d A stock ap
p oin t the finance com m ittee, which exercises general supervision ol
finances. A dditional securities o f said issues can be p u t out, but only
with consent o f a m ajority o f both said classes o f stock present at a m eet
ing. Securities o f other issues having a lien prior to preferred A can be
created, but on ly w ith consent o f two-thirds of both classes. The sev
eral classes in case o f liquidation w ill have principal paid in gold, ac
cordin g to their p riority righ t to dividends. A t extraordin ary general
m eetings o f holders o f debenture stock and p referred A stock collectiv ely , holders o f one-tenth o f said stocks outstanding, present o r rep
resented, constitute a quorum and b y a m ajority v o te have p ow er to
san ction any m odification o f the rights o f said stocks. The provisions
o i the several classes o f stock were fully set forth in the editorial
article o f the S u p p l e m e n t fo r O ctober, 1897; see also V. 71, p. 441.
In 1898 the authorized issue o f 4 p. c. debenture stock was in
creased from $15,000,000 to $30,000,000 for future refunding and im
provem ents. See General Finances below .—V. 66, p. 133, 6 6 3 ,1 0 8 8 .
D iv id e n d s .— On pref. “ A” paid J an .,1899, 2 p .c .; in July, 1899 2 p. c.;
ia 1900, 5 p. c.; in 1901, 5 p. c ; 1902, 5 p. c.
F in a n c e s .—On M arch 17, 1902, $3,437,000 additional debenture
stock was authorized to be issued, o f w hich $3,073,000 for capital ex
penditures in 1902; also the sale o f tw o branches from H ayfield, Minn,,
to Manly Jet., Ia., 49 miles, and from w averly, la ., to H am pton, 42
miles, to the Mason City & F ort D odge RR. fo r $1,386,000 of the first
m ortgage 4 per cent gold bonds o f the latter. These bonds w ill then be
sold and the proceeds used to construct 40 miles o f second track be
tw een Oelwein and Chicago, to be com pleted in 1903.—V. 74, p. 726.
B y im provem ents of the perm anent w ay, etc., operating expenses
w ere reduced in 1900-1901 to 68*88 per cen t o f earnings, against
66*81 per cen t in 1899-0; 70*13 in 1897-8 and 77*47 in 1894-5.—V. 71,
p. 441.
E arly in 1901 V erm ilye A Co. becam e the fiscal agents o f the co m
pany, their Mr. Read entering the directory. See V. 72, p. 580.
In Apr., 1901, a syndicate acquiring all the stock and bonds o f the
Mason City & Fort b o d g e R R ., Mason City to Fort Dodge, Ia., 92 miles,
the purchase including coal fields near Ft.Dodtre, arranged to extend
the road in 1901 from Manly Junction to M ason City, 12 miles,
and?H am pton to Clarion, 30 m. (both com pleted), to connect with
the C. Gt. W , and also in 1902 to build southw esterly to Omaha, and
w esterly to Sioux City, a total o f about 250 miles. In March, 1902,
it was arranged to transfer to the Mason City and F ort D odge tw o
branches, aggregating 91 miles (see above), w hich w ill extend the lines
o f the Mason City & Ft. D. easterly to the t'. G. W. main line.
W isconsin Minnesota & Pacific RR., R ed W ing, Minn., to Mankato,
94 miles, also purchased Duluth Red W ing A So. and the W inona &
W estern, m aking 246 miles then owned, and arranged to build a 27m ile con n ectin g link. B oth of the roads are operated for 100 years
under agreem ents dated Apr. 1 ,1 9 0 1 . the Chic. Gt. West, to receive
their entire net earnings above interest on bonds and ow n their entire
stocks—V. 73, p. 566, 722. The c om pany in 1902 issued $2,060,095
com m on stock on accou n t o f acquis tions nam ed above. V, 74, p. 93.
E a r n i n g s . -S ta tem en t for 6 mos. ending Dec. 3 1 ,1 9 0 1 :
6m o*.
Gross.
Net.
Charges. Div. on Pr*f. A. B a l.,su r.
1 9 0 1 .... $4,046,655 $1,230,980 $827,470 (2^ ) $284,310 $119,200
1900....... 3,604,537 1,169,381
801,426 (2 ^ ) 284,310
83,645
F or 11 mos. ending May 31, 1902. gross, $6,962,344, against $ 6 ,4 0 6 /
739 in 1900-1; net, $1,991,091, against $1,990,982.
A n n u a l R e p o r t .—R eport fo r 1900-01 in V. 73, p. 551, 565.
1901.
1900.
1899.
1898.
Fear ending June 30.
$
$
*
$
Gross earnings,................. 7.013.861
6.721,037 5,867.739 5,386,044
Net in com e..................
1,978.346 2,026,814 1,720,224 1,435,671
Rentals (incl. equipm ent). 440,604
463,930
450,177
448,613
Interest paid............ ......... 188,973
272,255
299,120
252,219
Int.in cash on 4% deb. stk. 780.610
568,650
498,002
396,524
Div. on pref.stock “ A ” (5% )568,620 (5)568,620 (4)454,896
............
M iscellaneous.......................
8,645
9,574
8,873
............
B alance..........................def. 9,106
143,785
9,156
338,315
O f f ic e r s .— A. B. Stickney, President, St. Paul, Minn.; Treasurer,
C. O. Kalman, St. Paul; Auditor, W. B. Bend, St. Paul; Secretary, R.
C. W ight, St. Paul, Minn.
D irectors—A . H. Stlcknev, A . Oppenheim , S. C. Sticktiey, F. W oyhauser. J.
W . Lusi<, H . E. Fletcher, T, II. W heeler, W illiam A. R ead, R. C. W igh t. New
Y o ik office, 31 Nassau S t —(V . 74. p. 1>3, 7*6, W 1037 )
30,
C liie a jg o H a m m o n d & W . 1 1 R .—See C h ic a g o J unction R y .
C h i c a g o I n d i a n a <fc E a s t e r n R y . —Owns Converse, Ind., to
Muncie, 43 miles, o f which Matthews to Muncie, 15 miles, com pleted
in D ec., 1900. In Oct., 1901, exten sion under con struction from
Munoie to Richm ond, 36 miles. Projected from Chioago, 111., to CoIambus, O., and from R ichm ond, Ind., to Cincinnati, O.
J. A J. London,R .B enson A Co. July 15,’02,2%
J. & J. London, R.B enson A Co. July 31,*02,2**
Semi-an London,R .B enson A Co. JTy-Oct., 1902
Semi-an
London.
1903
Semi-an L ondon or N ew Y ork.
1904
M. A N. N. Y ., N. Y. Sec. A Tr.
N. Y ., J.JP. M organ A Co.
do
do
A . A O.
do
do
J. A J.
F. A A.
do
do
do
do
J. A J.
J. A J.
do
do
F. A A. Am. Tr. A Sav.Bk.,Chic
M. A N.
do
do
New Y ork.
M. A 8.
d by Ch. J. Ry. A Un. Stk. Yds.
J. A J. N. Y ., Cent’l Trust Co.
May 1, 1942
May 2 9 /0 2 ,1 %
Apr. 29,’02,2%
July 1, 1910
Aug. 1, 1911
July 1, 1947
July 1, 1947
Feb. 1, 1908
May 1, 1920
Sept. 1, 1948
V. 68, p. 326.
Jan. 1, 1927
Stock authorized, $15,000 p. m.; issued Mar., 1901, $645,000. Of
the bonds ($1,000,000 authorized) $500,000 are reserved for future
requirem ents. A sinking fund, beginning 1907, w ill retire bonds
yeaarly. In year ending Mar 31. 1 90*, gross earnings, $98,238 ; net
ov e r taxes, $36,752 Pres., Paul Brow n, 100 W ashington St., Chioago,
111.; Sec., J. H. Miller; Gen. Mgr.» H. E. Drew. Office, Matthews, Ind.—
(V. 74, p. 986).
C h ic a g o I n d ia n a p o li s
L o u i s v i l l e R y . —(Nee M ap.)—u p d
ates the ‘‘ M onon R ou te” from Chicago, 111., viaM on on , Ind., to In d ia n
apolis, Ind., and L ouisville, K y., w ith branches.
The system Includes:
Oper. un d er contract—
M ila .
Lines owned—
Miles.
Indiana State Line to Indianap .162 Chicago to Ind. State L in e....... 20
5
New A lban y to M ichigan City .289 New A lban y to L ou isville— ..
2
Bedford to Switz C ity................ 40 C onnection in Indianapolis—
Orleans to Fr. Lick Springs___ 18 C learC reektoH arrodsh’ g jIn d . 10
Total o f a ll.........................................................................................................546
A lease for 999 years with Chioago & W estern Indiana (of whose stock
ihis co. ow ns $1,000,000) gives entrance to Chioago on a m ileage basis.
Owns one-third interest in Kentucky A Indiana Bridge, having bridge
at Louisville, K y. V. 71. p. 599.
H ist o r y .—Successor July 1 ,1 8 9 7 , o f the L ouisville N ew A lban y A
Chioago R y., foreclosed p er p l a u in V. 63, p. 922.
In July, 1900, the legality o f the foreclosu re was sustained; appeal
taken to U. S. Circuit Court o f A ppeals.—V. 70, p. 686; V. 71, p. 83,
599, 1119; V 73, p. 611. In June, 1902, com prom ise o f suits was ex
pected shortly. V. 74, p. 1250.
D iv id e n d s .—On p ref.. Mar. 3 0,1 89 9 , 1 p o.; in 1900, Oct. 15. 2 p. o.:
in 1901, A pr., 2 p. e.; Oct.. 2 p. o.; in 1902, Apr., 2 p. c. First dividend
on com m on, 1 p. c., payable M ay 29, 1902. V. 74, p, 775.
B onds .—R efu n d in g mortgage covers road, equipm ent, etc. (including
$1,000,000 stock o f Ch. A W. Ind and $240,000 stock o f the B ell
Ry. o f Chicago) ; total authorized issue is $15,000,000, o f which
reserved to take up existing divisional bonds at m aturity, $5,300,000;
to be issued only fo r betterments and equipm ent, n ot to exceed $300,000 in any one year, $2,091,000, of the latter o f w hich $933,000 had
been issued to Sept. 30, 1901. Of the C onsolidated Stone bonds
($250,000 authorized issue) $25,000 are su bject to call yearly, Jan.,
1903 to 1906, inclusive, and the balance Jan. 1, 1907.— V. 73, p. 41.
Car trust notes, $124,931, paid off since June 30, 1901,
F inances .—See statem ent to N. Y . Stock E xchan ge in Ju ly, 1897.—
V. 65, p. 194.
In July, 1902, the L ouisville & N ashville and the Southern By. had
acquired a m ajority o f the $1.0,500,000 com m on and $5,000,000 p re
ferred stock, on the basis o f $78 and $90 per $100 share, respectively,
in their jo iu t 50-year 4 per cen t collateral trust gold bonds at par, se
cured b y the stock acquired, six-tenths o f the purchase price being
payable optionally in cash. See description of bonds under L ouisville
< Nashville. V. 74, p. 1088, 1138; V. 75, p. 28.
fc
E arnings .—11 mos.,
/ 1901-2..G ross, $4,190,006; net, $1,595,018
July 1 to May 31.
51 9 0 0 -1 ..Gross, 3,783,778; net, l,3 6 5 ,lc 3
A nnual R e p o r t .—I n V. 73, p. 611, show ed:
Tear end. June 30— 1900-0L.
1899-00.
1898-99.
1897-98.
Gross earnings............. $4,150,470 $4,177,888 $3,501,120 $3,323,671
Net earnings................ 1,496,923
1,549,683
1,146,170
967,663
Dividends re c e iv e d ...
135,776
109,787
86,687
75,038
Total net incom e. $1,632,704 $1,659,470 $1,232,857 $1,042,701
Interest on bonds....... $771,294
$761,950
$752,700
$745,450
Rentals, e tc.................
208,636
210,839
205,409
208,122
T otal....................... $979,930
$972,789
$958,109
$953 572
Surplus........................
$652,774 $686,681
$274,748
$89,129
D iv. o f 1 p. o. ($50,000) on pref. was paid Mar. 30, 1899, and sem i
annual div. o f 2 p. o. ($100,000) in Oct., 1900; 2 p. o. ($100,000) Apr.,
1901, and 2 p. c. ($100,000) Oct., 1901.
O f f ic e r s .— President and General M anager, W. H. M cDoel, Chicago;
Treasurer, W. H. Lew is, 19s Custom H ouse Place, Chicago; Secretary
J. A. H ilton, 80 Broadw ay, New York.
D iie c t o r s —Samuel Thom as, A. J. Thom as, E. R. Thom as, Am os T. French
Charles Steele, R. M. GaHawav, H . M. W ork New York; W . H. M cD oel, G B
Sha-v, Chicago; J. M urdock. L a ^ y e tt e , Ind.; V olney T. M allott, Indianapolis
—(V . 74, p. 1VS7, 10-8, 1138, 1250; V . 76, p. 5t8.)
C U fo a ;ro J u n c t i o n R » 11 w a y , —Owns and operates a belt line
around Chioago from W hiting, Ind., to Franklin Park. 111., from Chap
pell,111., to U S. Yards, and in the Union Stock Yards district connects
with industries and all diverging roads. Total mileage operated, 87*60
m., or which Chic. June R y. owns 26*98, the balance being operated
under lease, trackage rights and other agreements.
O r g a n iz a t io n .— Form ed in M arch, 1898, as a consolidation of the
Chicago H am m ond & W estern and C hicago & Indiana State Line in
the interest o f the Chicago Jun ction Rys. A Union Stocks Yards Co.
B o n d s .— First m ortgage o f C. H . & W. is fo r $2,500,000 (trustee, E.
Francis H yde, N. Y .)—V. 64, p. 287.
E a r n in g s .— For year ending June 3 0 ,1 9 0 1 , gross. $1,880,956 ; net,
$ 7 8 0 ,3 8 2 ; taxes, $ 18 ,28 5 ; charges, $ 5 5 1 ,8 8 7 ; dividends (6 p. o.),
$132,000; surplus, $ 7 8 ,2 1 0 .-(V . 67, p. 1262; V .6 S ,p . 3 2 6 ).
R A IL R O A D
J u l y , 1902.]
STOCKS
AND
37
BONDS.
Monroe
Adrian *
Fayett0
Napoleon
BALT.
M ilford
Wanatahi
S sprosse
‘lymouth.
Fostoru
Claypool
Dupont
Latty
Findlay
Carey
•elphos
Pmono^
oocU*^ ^EYNOLD^
\ Chalmers J
.IBrookstonJ
31 A s h G r.j
Battle!
Ama
Bluffton
Kenton
Wapakoneta
’'Portland
A YET t EJ
Bellefonta:
Sidney
A lv in r
Tipton1
W. Lej
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Piqua
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us
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New Castlj
Ladoga'
roacX d a l e
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.rpenters VCambridge!
Danville s
DAYT
Clayton /\\\
Paris »
3Iart:
SheltfyW
'ranklmc<(
W ilmington
'Marsh
Glendale ]
<JsHartwell<
; \ Spring
JV <\
Gr. I
Cdlumbu:
Hillsboro
Batavia
' n 'orthio e t o ^
Sullivan
/X
Jones T
Sardinia
'almouth
sbu rgh
Marysville
pvn°
Vanceburg
Mt. Olivet
Johnson Jc.
While
Jynthtana
Jasper
’rin ceton
Hillsboro
ffersdnvillb
pLuntingburg
Paris
Shelbyvilh?
Jt.Sterling
enceburg
Versailles
Frenchburg
town /
V
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IBloomfield Vi
BardljJvvn
Clover]/ort %
O v/enabofO
Stanton
■^Brecken rl dg<
IbrdvLDRr^
Richmond
HarrodflburgV
C ecilia
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Elimbcl
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Bur gin y
Danville,
Danville Jc.
Millwood
Jackson
Lancaster
IchmondUc,
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Livingston
Mnoford s T,
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Mammoth G
ann
London
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Corbin,
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Glasgow
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CHICAGO,
INDIANAPOLIS
, ' A d a i r V,
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OvmdM-rland Gap
JoUUjo
Gallatin
Ctiinberland
Junotion
NASH VIL L
Johnson V.
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RAILWAY.
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J u ly , 1902.1
STOCKS
R A IL R O A D
AND
BONDS,
£*i>
Su bscribers w i l l c o n fe r a g rea t fa v o r by g iv in g Im m e d ia te n o tice o f any e rro r d isc o v e re d in tb ese T a b le s .
Bond*—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal,When Due,
Amount
When Where Payable and by Stocks—Last
of
of
Par
Rate
F or explanation of column headings, &o., see notes
Outstanding
Per cent. Payable
Whom.
Road. Bonds. Value.
on first page of tables.
Dividend.
C hicago M ilw a u k ee & St. P a u l—Common stock.
Preferred stock7 per cent yearly, not cum ulative. ....
Milwaukee & St. Paul loans—
Hastings & Dakota 1st M., conv. into pref. st’k ...
83
Chic. & Mil. 1st more. (oonv. into pref. stock)..e*
Chicago Milwaukee & 8t. Paul loans—
Prior lien consols, convertible into p r e f .......... 1,435
Consol, mort., conv. into pref. stock..........F .c* L,435
I. & D. Ext. 1st M., convert, into pref___ F .c* 335
B. W. Div. 1st mortgage Western Union RR .c* 212
Bo. Minnesota Div. 1st m ortgage................ F .e*
419
133
Mineral Point Division 1st m ortgage....... F c*
H ast.& D ak.D iv.,ext.,lst M. ($990,000 5 s).F .c’ 395
Lacrosse & Dav. Div. 1st m ortgage............F o*
185
Wise. Val.RR.Co. IstM ,, Tomah to Merrill, Wis.o 107
161
Wis. Val. Div. 1st M. s. f., not dr’n .......N B .c*
351
Dub. Div. 1st M., s. f., not dr’n ............... N B .c*
Chic. < Pao. Div. 1st M. (Ch. to K ittredgel.F c* 120
fe
do West’n Div. 1st mort., (see text) gold.F.c* 1,117
Chic. & Lake Superior Div. 1st mort., g o ld .F .c’
68
Wis. & Minn. Div. 1st mortgage, g o ld .F ............ 230
119
Fargo & Southern 1st m ort.,gold, assumed..........
...
Ch. MIL & 8t. P. Terminal mortgage, g o ld .. .F .e *
Dakota & Great Southern 1st mortgage, gold F
159
Chic & Missouri River Div. 1st m ortgage... F .e '
77
Gen. . M(for $150,000,000), gold Ser. A ..U s.e*4r 5,722
do
do
“ B” S ^ s ........................... .o* 5,722
Milw. & North’ n 1st mort., Schwarz.to Gr. Bay..c* 126
Consolidated m ortgage...................................... o* 362
a Including July, 1901, $3,570,000 in treasury and n
1 Coupon interest J&J; registered Q-J.
1
....
$100 $58,183,900
100 46,682,400
19.000
352,000
7
7
1874
56,000
1,000
2,606.000
1,000
1875
1,226,000
1,000
1878
1879
1,000
4,000,000
7,432,000
1880
1,000
2,840,000
1880
1,000
1880
1,000
6,670,000
1,000
2,500,000
1879
1,106,500
1879
500
1880
1,000
2,179,000
1880
1,000
6,0<>7,000
1880
1,000
3,000,000
1,000 25,340,000
1881
1,000
1881
1,360,000
1881
1,000
4,755,000
1,000
1,250,000
1883
1884
1,000
4,748,000
1,000
1886
2,856,000
1886
1,000
3,083.000
1,000 24,000,000
1889
1,000 a 10070.000
1889
1,000
1880
2,155,000
1884
1,000
5,092.000
>t listed, see text.
7
7
7
6
6
5
5 &
5
7
6
6
6
5
5
5
6
5
5
5
4
3^
6
6
1872
1873
i,6 o o
t i i lc a g o K a la m a z o o & S a g in a w B r .- O w n s 45 miles. Kala
mazoo to W oodbury, in operation.
In January, 1900, $450,000
stock w as outstanding. The first m ortgage is for $225,000 to Union
Trust Co. of Detroit, as tru stee; bonds all in treasu ry; bills payable
Jan. 1, 1900, $531,425. In 1899, gross, $72,567; net, $19,904. Oper
ated by Kalamazoo & Hastings Construction Co. President, E. W ood
bury; Treas. and Secy. H. C. Potter, Kalamazoo. Mich.—(V. 61, p. 1063.)
C h i c a g o L a k e S h o r e < E a s t e r n R y . —Embraces 159-04 miles
fc
o f track, connecting the various -works o f the Illinois Steel Company at
Chicago, Joliet and Milwaukee with diverging trunk lines, and also
with steamship lines, stone quarries, industrial establishments, etc.;
also b y trackage rights over 149-54 miles of roads reaches the coal
fields of Illinois and Indiana and Joliet, HI., handling betw -en South
Chicago and these points a large traffic for the Illinois Steel Co. The
stock, $600,000, and the bonded debt ($3,230,000 are owned by the
Federal Steel Co., and thus controlled by United States Steel Corp.
Equipment, Dec. 31,1 89 9 : Locom otives, 54 ; freight cars, 3,077;
cabooses, 11; steam wrecker, 1.—(V. 64, p. 422; V. 67, p. 428, 483).
C h ica g o M ilw a u k e e 6c St. P a u l R y .—(See Map.)—Operates
from Chicago westerly to St. Paul, Minneapolis and Lake Superior,
Omaha, Neb., and Kansas, City, Mo., with lines, traversing Illinois,
Iowa. Missouri, Michigan, Wisconsin, Minnesota and the Dakotas, viz.:
Road.
Miles.
Road.
Miles.
Lines owned (of which 26
2nd & 3rd tracks.................... 280
miles owned join tly ).......... 6,597 Trackage (includ. 2d track).,. 169
H istory , &c.—The Milwaukee & 8t. Paul RR. Co. was organized M ay
5 ,1 8 6 3 , and on Feb. 11,1874, took its present name. The system has
since been greatly extended by the construction and acquisition of
other lines. The sale of the Milwaukee & Northern to the St. P a u l was
ratified in Septembe , 1893. In Mar., 1901, the entire stock of the
Davenport Rock Island & Northwestern Ry.. Moline, 111., to Clinton,
Iow a, 40 miles, was acquired jointly with the Chic. Burl. & Quincy RR ,
and the road will be used as part of a cut off to be built in 1901 from
D avenport to Ottumwa, 119 miles, between Chicago & K a n sa s City.
V. 72, p. 437, 532, 675; V. 73, p. 562.
C a p i t a l S t o c k .—T h e p r e fe r r e d s t o c k h a s a p r io r r ig h t o v e r the
e o m m o n s t o c k to a d iv id e n d o f n o t o v e r 7 p e r c e n t fr o m n e t ea rn in g s in
e a ch y ea r, b u t i f n o t ea rn ed it h a s n o c u m u la tiv e rig h t. A ft e r p a y m e n t
o f 7 p e r c e n t on p r e fe r r e d a n d 7 on c o m m o n , b oth c la s se s sh a re p r o ra ta .
C om m on s t o c k ra ised to $58,183,900, b y s t o c k h o ld e r s s u b s c r ib in g a t
p a r to 10 p e r c e n t in c r e a s e '$ 8,673,200) in A p r il, 1901, an d $2,3> 2.100 a d d itio n a l s o ld In J a n ., 1902. See G e n e r a l F inances b e lo w .
V.
72, p. 437. P r e fe rr e d s to ck on D e c. 31, 1873, w as $12,274,483; It
h as been in cr e a s e d to p r e s e n t fig u res a lm o s t e n tir e ly b y e x c h a n g e
o f c o n v e r t ib le b o n d s fo r s t o c k , o n ly a b o u t *9,000,000 h a v in g been
Issued fo r o th e r p u r p o s e s (im p r o v e m e n ts , e tc.) In J u ly , 1 9 0 1 , $ 6 ,494.000 p r io r lien b o n d s w e r e e x c h a n g e a b le .
Drvs. sin c e ’ 89. i ’ 90. ’ 91. '92, ’ 93. ’ 94. ’ 95. ’ 96. ’ 97 to 1900. 1901 1902.
On c o m m o n . > 0 0 2 4 4 2 4
5 y e a r ly
6 A p l.,3
On p referred . >
7 7 7 7 7 7 7 7
y e a r ly
7 A p l .,3*2
B o n u s .—A b s tr a c ts o f so m e o f the o ld e r m o r tg a g e s w e re p u b
lished in the C h r o n ic le , V . 45, pp. 8 5 , 114, 1 4 4 ,2 1 2 , and V. 48, p. 830.
T h e fo llo w in g b o n d s a re c o n v e r tib le in to p r e f e r r e d glock a t a n y t im e
w ithin ten d a y s a fte r a d iv id e n d sh all h a v e b een d e c la r e d a n d b e c o m e
p a y a b le on th e p r e fe r r e d ; Io w a & D a k o ta E x te n s io n 7s, C h ica g o
A M ilw a u k ee 7 « or 1 9 0 3 , H a s tin g < D a k o ta 7 b o f
fe
9 0 3 a n d C h ic a g o
M ilw a u k ee A 8 t, P au l co n e o le o f 1 8 7 5 . T h e c o n s o le o f 1 8 7 4 also
are c o n v e r t ib le Into p r e fe rr e d w ith in 15 d a y s a fte r d iv id e n d d a y . T h e
coil vert Side b on d s w ere fu lly described . In SUPPLKMKNT f o r M ar. ’ 9 3 , fi. 2.
C h ic a g o if. P a c ific Western. D i v i s i o n , n m S u p p l e m e n t o f J a n . 1901.
T e rm in a l flee, p e r ce n t b o n d s o f 1884 c o v e r te r m in a l p r o p e r t y
Of sev era l h u n dred a cre s In C h ica g o an d M ilw au kee.
The g e n e r a l m o rtg a g e o f 1889 (see a b a i r n e l In V. 4 8 , p. 8 3 0 ) Is fo r
$ 1 5 0 ,0 0 0 ,0 0 0 , to the u n ite d Ht&tes T ru s t O o., o f N ew Y o r k , as tru stee
and covera the e n tir e ra ilw a y p ro p e rty and franehlseH o f the com pany
(therein d( crib e d ) su b je ct to p r io r lien s as b e lo w m en tio n e d . T h e
p r io r lien bon d s c a n n o t be e x te n d e d , b u t Will be p a id o ff at m a tu rity .
On J u n e 30, 1 9 0 1 , th e fo llo w in g a m o u n ts o f gen eral m o r tg a g e b on d s
W been I s s u e d or w e re re se rv e d fo r th e p u r p o s e In d ica te d , v iz :
L isted on N ow Y ork S to c k E x c h a n g e ..............................
$ 3 0 ,2 7 6 ,0 0 0
I n tr e a s u r y o f th e c o m p a n y (ttnaohjj «e e b e l o w ................
8 ,7 9 4 ,0 0 0
Tot il reported by the com pany as outstanding........
3 4 ,0 7 0 ,0 0 0
Reset*1 >-d fo r p r io r Hens........... ...................................................
88,1 0 3 ,5 0 0
A va ila b le or even tu ally to becom e ava ila b le lo r ttn-
p r o v e me id s there b e in g In clu d ed In th is a m o u n t th e 1
b o n d s origin illy reserved fo r p r io r ijeris, w h ich n a v e f
sin ce been c o n v e r te d in to p re f. and c o m m o n s to ck . . I
A. & O. N.Y.Office,30 Broad St. A pl 23,’02,3%
fc
A. < O.
do
do
Apl. 23,"02,3l«
6
7
$
unn
■ * /,» « ./,o w
Total authorized
$ 1 5 0 ,0 0 0 ,0 0 0
T iie $ ,M ,0 7 0 ,0 0 0 o u tsta n d in g In clu de $ 6 ,0 0 0 ,0 0 0 Issued to p a y fo
1 ,8 m iles o f su n d ry sm a ll b ru n ch e s on w h ich th e g e n e ra l m o r tg a g e 1
a firs; lien, and to retire th e $ 2 ,5 0 0 ,0 0 0 first m o r tg a g e b o n d s o
i o n * " 8-"Ons|on - L ake S u p erior R y., a C h ica g o su b u rb a n road
n o g ,0 0 0 Issued to re p la c e p rior b on d * pa id an d c a m e le d am i $19,
070.000 fo r a d d ition s to p r o p e rty .
HNAwct'-s, a o . •-c a p it a liz a t io n pe.r m ile o f road J u n e 30
lf K ) l. Htoch, $ 1 5 ,2 3 3 ; b on d s, $ 1 9 ,2 4 4; in te r e st c h a rg e , $9 90 ,
in A p r., ] 901, stockholders s u b s cr ib e d to $ 8 ,6 7 3 ,2 0 0 n ew a tock a
J. & J. N.Y.,Office,30 Broad St. Jan. 1, 1903
do
J. & J.
do
Jan. 1, 1903
7
g.
g.
g.
g.
g.
g.
g.
g.
& J.
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& J.
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& J.
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& J.
do
do
do
& J.
do
& J.
do
do
do
& J.
do
& J. Boston, Lee Higginson.
& J. N.Y. Office, 30Broad St.
do
& J.
do
& J.
do
do
do
& J.
do
do
& J.
do
do
& J.
do
do
& J.
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& J.
do
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& J.
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1
1
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1
1
J. & D. N.Y., Ch.Mil.A St.P.Ry.
do
J. & D.
do
J.
J.
J.
J.
J.
J.
J
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
Jan.
July
July
July
Jan.
July
Jan.
July
Jan.
July
July
Jan.
Jan.
July
July
Jan.
July
Jan.
July
May
May
June
June
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1904
1905
1908
1909
1910
1910
1910
1919
1909
1920
1920
1910
1921
1921
1921
1924
1914
1916
1926
1989
1989
1910
1913
par, tbe proceeds to reimburse the com pany for 30 1 miles o f new road
built during the past two years, and provide for Kansas City cut-off
and other necessary new construction, to <ost $4,300,000, and in
■fan., ' 902, $2,362,100 additional common stock was sold to pay in par
for 298 miles o f new road, equipments and improvements. V. 72, p.
437, 935; V. 74, p. 378. In April, 1901, the rate o f dividend on com
mon was increased to 6 per cent.
The funded debt was increased during the year 1900-01 by the issue
of $92,000 of general mortgage bonds and was decreased $4,297,500 by underlying bonds retired and canceled ; of the latter $4,203,500 were converted into preferred stock and $2,000 into com mon
stock. Of the funded debt there was in the treasury June 30, 1901,
$4,883,000 (against $8,891,000 June 30, 1900), of whieh $3,570,000
was general m ortgage 3428 and $224,000 gen. M. 4s D ring 1900-01
$4,000,000 o f the general S ^ s held in the treasury and $100,000
general 4s were sold —V. 71, p. 1119; Y. 7?, p. 563.
Average freight train load in 1900-01 was 236 tons; rate per ton per
mile, 0 -861c.; in 1899-0 train load. 209 tons; rate per ton per m. 0-929o.
E arnings .—11 mos >1901-2 Gross, $41,739,408; net, $14,258,887
July 1 to May 31. < 1900-1.. Gross, 38,813 022; net, 13,263,328
For 5 mos. ending Nov. 30, 1901, net, $7,556,079, against $6,930,589; oth. income, $112,572; int. on bonds, $2,606,226; bal., sur., $5,062,426.
a n n u a l R e p o r t .— Fisoal year ends June 30.
Annual meeting is
held in September. Report for 1900-01 was given at length in V. 73, p.
550, 562. See also editorial, p. 528. In 1900-01 of 18,010,683 tons o f
freight carried, grain furnished 26 p. c.; other agricultural products,
2 p. o.; coal and e k e , 13 p. c.; lumber, 10 p. c.; other forest products.
9 p. c., and miscellaneous, 40 p. o.
1900-01.
1899-00.
1898-99.
Aver, miles operated June 30..
6,512
6.347
6,154
Passenger earnings.................... $7,939,216
$7,698,514 $6,778,921
Freight earnings......................... 31,357,992
31,220,217 28,773,222
Mail, express, <fcc., earns..........
3,071,804
2,965,961
2,758,489
Total e a rn in g s........... $42,369,012
$41,884,692 $38,310,632
Maintenance o f w a y........ $6,505,864
$7,503,380 $5,045,697
Maint. cars and en gin es. 3,024,725
3,048,667
3,229,700
Transportation, gen. exp., e tc .. 13,932.064
12,761,567 11,702,325
Taxes..................................
1,403,643
1,322,047
1,248,349
Renewal accou n t.............. 1,185,000
1,550,000
1,925,000
Additional equipment..... 1,111.256
1,475,305
.......
Miscellaneous....................
814.951
759,671
811,766
Total expenses........................$ 2 7 ,9 7 /,o o j $28,420,837 $23,962,837
Net earnings..................................$14,391,509 $13,463,855 $14,347,795
Perct. of op. exp. to earns...........
(66-03)
(67-85)
(62-55)
O t h e r in c o m e ......................................
1 7 4 .6 8 3
1 4 4 ,7 5 6
Total net incom e...................$14,566,192 $13,608,611
In te r e s t o n d e b t, e t c ......................
1 1 7 ,4 1 0
$14,465,205
6 ,3 8 3 ,0 3 5
6 ,6 3 3 i 7 0
6 .8 9 0 ,1 2 0
Balance for dividends........ $ 8,1 83 , 1 57
$t ,97 >,441
$7,575,085
D I V I D E N D S P A I D DUR ING FIS CA L Y E A R .
C o m m o n ....................................(5 h j)$ 2 ,5 9 3 ,1 2 3 (5 )$ 2 ,3 5 1 ,5 3 0 < 5 ) $ 2 j l 8 , 9 8 0
P r e fe r r e d ...................................... (7) 2 ,8 5 1 ,0 5 8 (7 )2 ,5 1 6 ,5 2 8 < 7 )2 ,2 7 8 .9 3 1
T o ta l d iv id e n d s ...................
$ 5 .4 4 4 ,> » /
$ 4 ,8 6 8 ,0 5 8
$ 4 ,5 9 7 ,9 1 1
O f f i c e r s . — C h a irm a n , R o s w e ll M ille r , 3 0 B r o a d S treet, N ew Y o r k ;
Presiden t., A lb e r t J. B a ri lo g , C h ic a g o ; T r e a s u r e r , F . G . R a n n e y ,
G u loa g o; S e c r e ta r y , P. M, M y ers, M ilw a u k e e .
Director*.—ItoHwell Miller, New York; A, .1. marling, Chicane; Frederick
Layton, .Milwaukee; J. Ogden Armour, Chicago; Frank 6. II ml. Jumnih Mtllbank. William Itoekoroller. I’ eier (babies, August Belmont, Samuel Spencer,
Jams* 11. Mmli h, Charles W. I larltnoHs, Henry II, Roue™ Now York.
Executive Committee.
oinrell Millar, A. .1. tOarllog, Peter Gtoddos, William
U mkofellnr 8am 1 nI HpQllflOr.
1
j N ew Y o r k O ffice -3 0 B r o a d 8 t — (V . 7 4 , p. 3 7 8 , 126, 6 7 9 .)
c ia lc M R o A- W o r t h . P t t c l ilr . R R . —O h in tg o T e r m in a l T r a n s fe r R R ,
1
C h i c a g o A N o r t h W i-u b t r n R y , —(See M a p .) O p e ra te s an im
p orta n t lyst.em o f roa d s u n itin g C h ic a g o , 111,, w ith O m ah a , N ob ., Ht.
Paul M lm i., w ith the g r e a t w h ea t b e lts o f D a k o ta , N eb ra sk a , e tc ., and
w ith the m in in g r e g io n s o f M ich ig a n an d Hie lliitelt H ills, Including-R oa d ow n ed la. fee.
M iles.
O o n lr o U r d b y sla ck ,
M ile s,
o p era ted se/inrateli/
___
__ 5 ,8 0 8
| M ain lin es, e t c
F r e m o n t E lk H orn & M o. V a l. 1 ,3 0 2
| E n tir e sla ck o w n e d
Princeton *. W estern.............
10
T o ta l o f all A u g , J, 1 0 0 1 ....7 ,0 4 6
2d t r a c k ..............................
714
! u rg e in ter, si ow n ed
c h i 'a g o Ht, P au l M in n e a p o lis
T o ta l tael. In e a r n s ............... 5 ,5 7 7
a O m ah a
........ 1,6 0 5
D u r in g th e fisca l y e a r 1000-01 259 m iles w ere c o m p le te d a n d a d d e d
to th e read p r o p e r.
In Ju n e, 1900, P r in c e to n A- N o rth w e s te rn R R . w as In co r p o r a te d to
b u ild a lin e from P r in c e to n , W is., to M a rsh field , e tc ., I 0 5 in lies, a n d in
N ov., 1900, the P e o r ia A N o r th w e s te r n it/,., to b u ild fro m P e o ria , III.,
to n ear N elson , 85 m ile s; b o th w e re c o m p le te ! in 1901. V 78, n,
29 4. O f the $ o u fh e r n Io w a liy ., 56 jntlr•«, I m iles w ere iMUnjiletcd In
J u n e, l'lO I . Jn D e c , 1001, th e C h ic a g o I o w a * D a k o ta R v ,, 13Id o r a
Jet. to A m et), 1a , 26 m iles, was p u rch a sed .
in A p r., 19 02 , ex ten
HI- P au l E a stern G ra n d T ru n k
(le a s e d )........
..................
60
K5$£&ami
St. Hilaire
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[Vol.
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A
RAILROAD
J u l y , 1902.]
STOCKS AND
BONDS
41
Lands—Pnnoi •
INTEREST OR DIVIDENDS.
MUes Date Size, or
pal, When Dae.
Amount
of
of
Par
Rate per When Where Payable , and by Stocks—Last
For explanation of column headings, Ac., see notes
Road. Bonds Value. Outstanding
Whom.
Cent. Payable
Dividend.
on first page of tables.
RAILROADS.
$100 $39,114,678 7 in 1902 J. A J. N. Y.,Co.’ s Office,52 WaU
Chicago & N orth W estern —Common s to ck ...T r 4,273
....
100 22,395,120 8 in 1902 Q —J.
do
do
Pref erred stock (not cumulative) see t e x t ___T v 4,273
.
12,832,000
do
do
1,000
7
Oh. A N. W. con. s.f. M. ($12,900,000), not dr. F.o* 788 1865
< —F.
4
M. A N.
do
do
2,332,000
7
Cedar Rapids A Missouri Riv.—1st mort. 3d Div. 150 1866 500 Ao.
769,000
J. A D.
do
do
7
M. of 1884, Ced. Rapids to Des Moines R iv e r .. 122 1884
>
lo
do
Madison exit. 1st M., g. (s.f. $23,000,not dUnf-F 129 1871 500 Ao. 1 2,977,500
7 g- A. A O.
do
do
M enom ineeext.lstM ., g. (s .f.$20,000,not d riF 114 1871 500 Ac. C 2,546,500
7 g- J. A D.
62 1872 500 Ac. d 3,365.000
do
do
Northw. Union 1st M., g., Mil.to Fond-du-Lac.F
7 g- M. A S.
7,316,000
do
do
Ch. A N.W. gen. con. M., g., s.f., not dUn c.*A r.U n 1,637 1872 500Ao.
7 g- J. A D.
General m ortgage o f 1897, see n ext page.
M. A N.
1,000
1,592,000
do
do
Winona A St. Peter 2 u inw u (now 1st) assumed.. 139 1867
7
do
do
1st mort. ext., gold, land grant, s. f., ass’ d.e.F* 184 1871 100 Ac. k 4,038,500
7 g. J. A D.
. . . . 1878
Seml-an
250,000
do
Plainview RR. and Minn. Val. 1st m ortgages—
7
do
24 1878
M. A 8.
do
Rooh. A No. Minn. 1st mort., guar, (assumed) —
200,000
do
7
1882
M. A 8.
71
a 1,007,000
do
Dak. C. 1st M., gu. (Watert’n to Redfield, S. D .)F
6
do
M. A N.
do
Dak-C.lst M.oh 8o’ eastDiv. (to Hawarden) gu .U n 125 1882
2,000,000
6
do
Menominee River 1st M., tw o series (assumed). F
31 ’76-’ 80
J. A J.
do
560,000
do
7
82 1880
M. A 8.
Mil A Mad. 1st M., MU. to Madison (assumed) Fo*
1,000
1,600,000
do
do
6
(18 80
M. A N.
Chicago A Tomah 1st mort., guar, (assum ed).F )
do
1,528,000
do
6
152
\ 1882
M. A N.
Chicago MUwaukee A N. W. construe, do
.F 5
e 601,000
do
6
do
57 1882
Des Moines AMinn. 1st M. ,Des M.to JeweU Jc. F Ac.
1,000
F. A A.
600,000
do
7
do
64 1884
1,000
M. A 8.
Ottum.C.F. A St.P. 1st M. ($25,000 p.m.), g u -U ii.e'
1,600,000
do
5
do
76 1885
1,000
M. A S.
No. ILL 1st M. ($20,000 p. mUe), assumed U n .o*
1,500,000
do
5
do
1,000
Mil. L. Sh. A W., Consol. M. (now 1st) gold.C e.o’* 413 1881
do
5,000,000
do
6 g- M. A N.
82 1884
Mich. Div. 1st mort. (for $3,000,000), g..C e.c*
1,000
1,281,000
do
do
6 g- J. A J.
40 1885
1,000
Ashland Division 1st mortgage, g o ld .......Ce.c*
1,000,000
do
do
6 g- M. A S.
Dehen. (see text) sec. by m ort o f ’ 89, g ...C e .c* 693 1887
1,000
do
436,000
do
5 g- F. A A.
1,000
Ext. A Imp.M .for $5,000,000,g., s.f. not dr.Ce.e* 693 1889
4,148,000
do
do
5 g- F. A A.
.... 1881 1,000
M. A N.
Incom e bonds (not cum .)....................................r
500,000
6
do
do
Marsh. E x.lstM .$600,000($15,000 p .m .).U n c*
40 1892
1,000
A A O.
400.000
5
do
do
C.AN.W .s.f.hdsof 79($15,OOOp.m.)Fd.atl05.Fc&r 1,041 1879 l.OOOAo 12,725,000
do
do
5 A 6 A. A O.
Sinking fund debentures 1933 U n .......... o*<fcr
.... 1891 l.OOOAc 9,800,000
M. A N.
do
do
5
— 1884 l.OOOAc f 5,369,000
25-year debentures U n ................................. c*&r
M. A N.
5
do
do
July 1 ,’02, 4%
J u l y ! , ’02 2%
Feb. 1, 1915
May 1, 1916
June 1, 1909
Apr. 1, 1911
June 1, 1911
June 1, 1917
Deo. 1, 1902
Nov. 1, 1907
Dec. 1, 1916
1908
Sept. 1, 1908
Sept. 1, 1907
Nov. 1, 1907
July' 1, 1906
Sept. 1, 1905
Nov. 1, 1905
Nov. 1, 1905
Feb. 1, 1907
Moh. 1, 1909
Moh. 1, 1910
May 1, 1921
July 1, 1924
Mch. 1, 1925
Feb. 1, 1907
Feb. 1, 1929
May 1, 1911
Oct. 1, 1922
Oct. 1, 1929
May 1, 1933
Nov. 1. 1909
C h i c a g o <fc N o r t l i W e s t e r n R y , - (C o n c l u d e d .)
1902.
1901.
1990.
1899.
sions from Nelson, HI., to Janesville, Wis., about 100 miles, and V erdi Oper. exp. & ta x e s ..$29,904,792 $27,229,998 $26,994,013 $24,828,714
gris, Neb., to Fairfax, S. D., 70 miles, were under construction.
Net earnings............. $16,630,044 $15,868,589 $15,956,792 $13,187,599
(63-18)
(62-85)
(65-31)
History , A c.—The Chicago A North Western Railway was organized P. o. exp. to earnings (64-26)
Total net receipts....$17,207,124 $16,445,669 $16,486,582 $13,731,577
In 1859, and has since absorbed many other roads.
_
r
790 5 $6,324,752 $6,069,384 $6,232,235
In December, 1882, a controlling interest was acquired in the stock of Net int. on debt_ ) <,ft
Sinking fund, e t o .. 5
)
i299,630
355,640
340,745
the Chicago 8t. Paul Minneapolis & Omaha Co., which see.
In July, 1884, the capital stock (except a few shares) o f the Fre Div. on com mon......(7(2,737,870 (6)2,346,744 (6)2,346,744 (5)1,955,620
mont Elkhorn A Mo. Valley was acquired on the terms stated in the Div. on p referred .. (8)1,791,600 (7)1,567,650 (7)1,567,650 (7)1,567,650
4,696,665
4,169,526 4,542,041
........
Supplement of June, 1885, and prior issues. Its securities, except Real est., const., &o..
those held bv Chic. & N. W ..are in table above. On June 20, 1901, Balance, surplus
$1,340,255 $1,737,367 $1,605,121 $3,635,366
purchased Sioux City & Pacifio RR. at Governm ent sale.—V. 72, p.
FREMONT ELKHORN & MISSOURI VALLEY (OPERATED SEPARATELY).
721,1236; V. 73, p. 444.)
Tr.end.May 31.
1901.
1900.
1899.
1898.
In December, 1 89 1,the Milwaukee Lake S h o r e * Western RR. was
Gross earnings. $4,287,806
$4,121,458 $3,885,489 $3,881,340
bought by an exchange of stock. See V. 57, p. 375; V, 56, p. 792.
In 1900 various proprietary roads were purchased and in 1900 Net earnings............. $1,307,781 $1,246,124 $1,274,687 $1,237,948
1,021,391 1,020,879 1,020,908
and 1901 others built in the interest of the C. & N. W. were aborbed. Total Charges. 1,021,945
- V . 71, p. 291, 294; V. 73, p. 294, 1010.
Balance...................... sur.285,836 sr.$224,733sr.$253,808 sr.$217,040
C a p i t a l St o c k .— Of the common stock $2,333,688, and preferred
O fficers .—President, Marvin Hughitt, Chicago; Vice-President and
$3,795 remained in the co’ b treasury in June, 1901. Pref. stock has a Secretary, E. E. Osborn, 52 Wall St.. New Y ork ; 2d Vice-President,
prior right to 7 p. 0.; then com m on 7 p. c.; then preferred 3 per cent; M. M. Kirkman, C h icago; Treasurer and Assistant Secretary, S. O.
then com mon 3 per cent; then both classes share.
Howe. New York.
Directors.—W. K. Vanderbilt, P. W . Vanderbilt, H . M cK. Tw om bly, Samuel
D iv id en d s —’ 84. ’ 85. ’ 86 to’ 93. ’ 94. ’ 95. ’96 to’99. ’ 00. ’01.
1902.
F. Barger, Chauneev M. Depew. James Stillman, James C. Fargo, M. L. Sykes,
Common..
7 6^
6 yearly 3 4 5 yearly 6
6
7
New Vork; Albert Keen. Lake Geneva, W is.; Marvin Hughitt, N. K. Fairbank,
Preferred.
8 7 ^ --------------------- 7 yearly-------------------- Inc.JulyU U
B y ro n L. Smith, Cyrus H . McCormick, Marshall Field, Chicago; D avid P. Kim
ball. Oliver Ames, Boston: Zenas Crane Dalton, Mass.
In July, 1902, extra dividends increased rate 1 per cent on both
- ( V. 74, p. 93, 204, 267, 326, 1 1 9 3 , 1194, 1250.)
stocks. V. 74, p. 1194.
B o nds .— General Mortgage.—See A b s t r a c t in V. 65, p. 1 1 7 5 .
C h i c a g o P e o r i a Sc S t. L o u i s R y . — o a d .—Owns from Pekin
-R
The authorized issue is $16o,000,000 (United States Trust Co., trustee)
to Granite City, 111., 180 m iles; Madison to Bridge June., 3 m.;
$131,645,000 were reserved to retire underlying bonds, and remainder Havana to Jacksonville, 111., 42 m.; branch, Lookhaven to Grafton, 8 m.;
for additions and Improvements, $4,000,000 at once and $ 1 ,0 0 0 ,0 0 0 total owned, 233 m.; trackage, Pekin to Peoria, 10 m.; Granite City,
a year thereafter. See V. 65, p. 1070. The first issue, of $20,000,000, 111., to Merchants’ Junction, 3 m.; InSpringtleld, l ^ m : Madison, 111.,
bears 3 ^ per cent (reg. Interest Q.—F., coupon M.AN.) V. 65, p. 69, to St. Lo iis Station, Th. miles. Owns and operates Litchfield A Madi
111,571. Up to July, 1902, $13,059,000 had been listed. V. 67, p. son Ry., Litchfield Jet. to Madison, 44 m.; trackage, J. A St, L. Jet. to
Litchfield, 1 m.; total 300 miles. Reorganization of Chicago Peoria
125; V. 72, p. 86.
The sinking fu n d bonds of 1879 are secured by deposit in trust A St. L. R R .and S t L. Chic. A 8t. Paul R y., sold in foreclosure Jan. 8,
•f $15,000,000 of 1st mortgage bonds at $15,000 per mile on sub 1900, per plan In vol. 68, p, 722.
sidiary lines, the most important being described in Supplement of
B o nds .—Of the $2,000,000 prior lien 4^ 8 (City Trust Co. o f N. Y .,
May, 1894. Of the sinking fund bonds of 1879 $6,069,000 are 6 s ; trustee), $750,000 are reserved for future extensions, improvements,
the sinking fund is at least 1 per cent of outstanding bonds, w h ich etc. Stock, com., $3,600,000; pref., $3,750,000.
are subject to call at 105; and through its operation the amount
N e w S e c u r it ie s , E tc .— In July, 1901, It was proposed to exchange
o u ts ta n d in g has been r e d u c e d fr o m $ 1 5 ,0 0 0 ,0 0 0 to th e fig u r e In ta b le .
th e Ch. P. A St. L. In co m e s d o lla r f o r d o lla r f o r n e w 1 st p r e f. s t o c k ,
T h e sinking fu n d debentures o f 1933 h a v e a sin k in g fu n d o f $200,000
p r e se n t p r e fe r r e d to b e s e c o n d p r e fe r r e d ; a lso th e L. A M. in c o m e s
p er y e a r, i f th e y c a n b e r e d e e m e d a t 105. See d e s c r ip tio n o f all th e
debentures on p a g e 2, Su p ple m e n t o f A p r il, 1895.
T h e extension bonds o f 1 8 8 6 are se c u re d b y d e p o s it in tru st o f first
m o rtg a g e b o n d s at a r a te n o t e x c e e d in g $ 2 0 ,0 0 0 p er m ile. In c lu d e d in
the c o lla t e r a l J u n e 1, 18 96 , w ere $ 1 0 ,6 7 5 ,0 0 0 F r e m o n t E lk H orn * M o.
V a lley l s t s and $ 2 ,5 6 0 ,0 0 0 l e t s W y o m in g C en tra l l s t s [c o n s o lid a te d
w ith F. E . A M . V .], etc. See F. E. A M. V . b o n d s b e lo w .
T h e c o n s o lid a te d s i n k i n g f u n d b o n d s o f 1 9 1 5 h a v e v o t in g p o w e r .
The F r e m o n t E l k h o r n <&M i s s o u r i V a lle y c o n s o ls h a v e a first lien on
1,170 m iles <F rem on t, N eb ., to D e a d w o o d , D. T ., 5 5 7 m iles, an d
bran oh es to H a s tin g s, A lb io n , A o ., 6 1 3 m ile s), b u t b e s id e s th e a m o u n t
o f issue g iv e n as o u ts ta n d in g in the ta b le $ 1 0 ,6 7 5 ,0 0 0 are h eld as p a r t
collateral for C h ica g o * N o r th w e s te r n e x te n s io n b o n d s o f 18 86 . T h e
N orth w estern assu m ed $ 3 ,6 0 0 ,0 0 0 Of th e F r e m o n t E lk h orn A M issou ri
V a lley b on d s and g u a ra n te e s th e rest. Bee g u a ra n ty V. 5 6 , p. 650.
The B o y e r V a lle y M in n e s o ta & I o w a , B o o n e C o u n ty M a n k a to & N o w
Ulm . M in n eso a & S ou th D a k o ta an d Io w a M in n e s o ta A N o r th w e s te r n
bon d s w ere a ssu m ed in J u n e 1 9 0 0 , th e r o a d s b e in g a b so rb e d u p on
co m p le tio n ; a lso In 1901 Jin S ou th ern I o w a th o P e o r ia A N o r th w e s t
ern and th e P r in c e to n & N o r th w e s te r n an d the S io u x c i t y A P a cific
(se e d e s crip tio n o f its b o n d s V. 7 3 , p. 4 4 4 ,1 1 5 9 ) . Be© V. 7 1 , p. 28,
2 9 1 , 29 4, 3 4 0 ; V. 7 3 , p. 2 9 4 , 1010.
G e n e r a r. F in a n c e s .- - T h e first issu e o f (* 2 0 ,0 0 0 ,0 0 0 ) r e fu n d in g b o n d s
at 3 hi p er c e n t in te r e st w as so ld to p r o v id e fo r $ 1 8 ,0 1 5 ,5 0 0 old b o n d s
m a tu rin g up to Dee. 1, 19 02 . If th e e n tir e Issue o f $ 2 0 ,0 0 0 ,0 0 0 in reqnlrcrt to refu n d th ese o ld b o n d s th e s a v in g in In te r e s t c h a r g e s w in be
Shorn. $ 5 3 0 ,0 0 0 p er an n u m see " In u d s " a b o v e an d V. 65, p. 0 9 . i l l .
In J u n e, 1001, $ 1 2 1 ,3 1 5 ,0 0 0 o ld b o n d s w ere still u n c o n v e r te d , th e
b a la n c e , 1 1 0 ,3 3 0 ,0 0 0 , h a v in g been e x c h a n g e d . See V . 7 2 , p. 80.
In 1900 01 th e a v e r a g e fr e ig h t tra in loa d w as 2 3 7 to n s, a g a in s t
235 to n s In 1 8 99 0 0 ; ra te p er ton m ile, O'HO o f a ce n t.
A n n u a l R e p o r t . F is ca l y e a r e n d s M a y 8 1 . T h e an n u a l m e e tin g is
held th e first T h u rsd a y in J u n e , A d v a n c e s t a te m e n t fo r 1001-2 w as In
V , 74, p. 1250 T h e r e p o r t fo r 1 0 0 0 01 Was g iv e n at le n g th In V. 7 3 ,
p . 2 8 5 ,2 0 1 , 8 e e a ls o e d ito ria l, p. 2 0 1 .
O f the. fr e ig h t c a r rie d in 1900-1 (tota l 2 3 ,5 2 7 ,5 7 5 to n s), o re s fur
alshed 23 p er cen t; lu m b er and lo g s, 15 p e r c e n t ; g ra in , flou r and m ill
stu d s, 13 p er cen t; o th e r a g r icu ltu r a l and d a iry p r o iu c is , 3 per c e n t;
•OBJ an d cok e, 15 p er c e n t; m eta ls an d m a c h in e r y , 5 p e r c e n t: ston e,
•and, b rick , e tc ,, 5 p er c e n t; li v e s t o c k , 4 p er n nt; m Un-el., 17 p. c.
CHICAGO A NORTHWESTERN lROl'ER
T ear e n d in g M a g 3 1 .
1 9 c 2,
19 01 .
1000
18 99 ,
A v e ra g e m iles o p e r .....................
5 ,5 0 7
5 ,2 1 8
5 ,0 7 7
P a ssen g er earn s.
1
($ 0 ,7 1 8 ,1 9 1 $ 9 ,0 0 2 ,0 8 8 $ 8 ,0 6 7 ,6 2 7
F re ig h t..............
V$ 4 0 ,5 3 4 ,8 3 6 3 1 .8 6 1,945 3 2 ,0 0 8 ,6 8 l 2 8 ,1 5 5 ,6 7 7
M a ll, e x p re s s, A o >
t 2,0 15,45 1
1,9 3 9 ,4 3 3
1 .7 9 3 .0 1 0
T o ta l e a r n in g s,. $ 4 0 ,5 3 4 ,S3U $ 4 3 ,0 9 8 ,5 8 7 $ 4 2 ,9 3 0 ,8 0 5 # 3 8 ,0 1 0 ,3 1 i
to r n e w L . A M. p r e f. sto c k . In M a y , 1 9 0 2 , a ll th e c o m m o n s t o c k o f
b o th ro a d s , 83 p e r c e n t o f th e p r e fe r r e d s t o c k , 87 p e r c e n t o f th e C. P .
& 8 1 . D. In co m e s a n d 1 7 p e r c e n t o f th o L. A M. in c o m e s h a d b e e n d o p o s ite d u n d e r th is a g reem i n t in t r u s t w ith a s e c u r it y h o ld e r s ’ c o m m it t e e
(T h os, C a rm ioh a el, 27 P in e S t., C h a irm a n ), w ith a u th o r ity a lso t o sell
th e sa m e o n o r b e fo r e A u g . 1 ,1 9 0 4 , a t p r io e s th e re in n a m e d . S ee V .
7 3 , p. 183.
R e p o r t fo r y e a r to J u n o 30, 1 9 0 1 , In V . 7 4 , p . 3 2 3 , -s h o w e d : G ro s s,
$ 1 ,3 4 7 ,3 5 3 ; n e t, $ 1 8 2 ,6 4 3 ; o th e r in co m e , $ 1 9 ,5 2 9 ; fix e d c h a r g e s . $ 1 6 9 ,4 8 5 ; b a l., su r., $ 3 2 ,6 8 7 . F o r y e a r e n d in g J u n e 3 0 , 1 9 0 2 , g ro s s, $1 ,4 4 8 ,3 2 4 . P resid en t, C h arles E. K im b a ll, N ew Y o r k ; S eoy . a n d T rea e.,
R a lp h B lais d e ll, S p rin g field . 111.; A sst. See. a n d A sst, T reaa., T . 0 . W e ll
m a n , N e w Y o rk . —(V . 7 4 , p . 3 2 3 . )
C h ic a g o R o c k I n la n d Sc P a c i f i c R y . —(Nee M a p ) —ROAD.—
O p era tes from C h ic a g o , 111., v ia O m ah a , N ob ., to D e n v e r a n d C o lo r a d o
S p rin g s, C o l., an d v ia K a n sa s C ity , M o., to T o r r a l, I. T ., w ith b ra n o h e s.
L in e s ow n ed —
M ile s .
C h ic.,III., to C ou n cil B lu ffs ,la .
D a v erip ’ t, I a., t o A fcoh’ n, K an .
FI w o o d to T o x h o m a , O. T —
I ro rl n g to n , K a n ., to T e r r a l, L T .
Ifo r to n , K a n ,, to R os w e ll,O o l.
C o w r ie to S ib le y , la ..............
I B r a n c h e s ........................................
j Other lines (sec below).
50 0
34 I
49 4
34 9
56 9
109
857
Total owned Apr, 1, 1902 .8,210
f,eased,ate. (HWhich son.)
M ile s.
D es M oin es A F o r t D o d g e ..fj
T r a c k a g e to K a n sa s C ity ,
N o, T o p e k a , K a n ., D e n v e r,
14 4
Ool., Pueblo, Col., e tc.......
338
T o t .lin e s o p e r . A p r, 1 9 0 2 .3 ,9 1 0
l,e a s e d f r iM J u n e 1 , rqoj —
B url. Ceil Rap. A Nor ...... 91,855
R o c k Islan d A P e o r i a ......... II 118
C o n tr o lle d
O p er. s e p a r a t e l y —
O h o c ia w O k la h o m a A G u lf
1 , 1 12
U n d er Oo»sl.ruot.loi» and p r o
47
posed (a b ou t,).
.............. 7 0 0
Keokuk A Dos M oines.. . . . -It 162
T ota l sy ste m J u ly , 19 02 , Inch p r o je e ie d m ile a g e , o le . (a b o u t ),7 ,2 0 0
i
In A p r il, 190'.’ , th e g re a te r purl o f (.lie s to ck o f th e U hnetaw O k la h o m a
A G n il R K ., In c lu d in g C h o c ta w A N o r th e rn , e tc., 1,1 05 m iles In all,
w as a c q u ir e d b y th e c h fo , li, I, A Puc. Hoc In-low; a lso th a t OOnuuiuy
/, 74, p, 7 7b, 1354,
riii' B u rlin g to n C eda r R a p id # & N o rth e rn and R ock Islan d A P e o r ia
a re loaned fo r 9 9 0 y e a rs from J u n e 1 . 1 0 0 .', on a ba sis to p a y fix e d
oh argon an d 6 p er cen t on th e ir iiutst a tidin g Mm-k-i
A s to purenhne o f
m in o r ity s to ck s , o f th ose road see , lo i'b b e lo w . V. 74, p. 1 104, 1.250.
In M ay, 19 02 , c o n t r o l iif the Den M otile A F ort D o d g e R R . w as pur
iiliaHed b y o fln r p a r lie s
V. 7 4 , p. lu ll?
: P eoria & B u reau V a lle y ___ f[
In April, 1002. purchased all life slo ck and b on d " of the Hi. Louis
K annas c it y A C olorado, 8 t Louis to Belle, M o , noil build lug w esterly
to Kansas City, thu form ing when com pleted a line into Si. Louis for
the Huek Island
In July, 19 02 , wan a b ou t to becom e a lenaul o f the
Term inal IHi. A ssociation o f Ht. Louis. V. 74, p, P.'lfl; V. 75. p 76, 134,
kG ettysburg
M AP OF TH E
&
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Chicago ,
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43
RAILROAD STOCKS AND BONDS.
J u l y , 1902.J
Bonds—P rinci
INTEREST OR DIVID EN DS.
Miles Date Size, or
pal,^When D ue.
A m ount
of
R ate per When W here Payable , and by Stocks—Last
of
Par
F or explanation of colum n headings, &o., see notes
Whom.
Cent. Payable
R oad. Bonds Value. Outstanding
Dividend.
on first page o f tables.
R AILRO AD S.
A 1 5 & 0 N ew Y ork, 52 W all St. A pr. 15, 1921
5
1891 1.000&C g $9,819,000
N. W. ( Con.)—Ch. & N. W. 30-yr deb.TJn.ckfcr
do
4
F 15& A .
ao
Aug. 15, 1926
. . . . 1886 l,00 0& c 1117489,000
E xten. 4s, $20,000,000 ($20,00'0 p. m .).U n .c& r
do
do
3^g.
N ov. 1, 1987
Gen’l gold bond, m ort., $165,006,000. .TJs.c*<fcr . . . . 1897 l,0 0 0 & c 13,059,000
IT
J. & D.
do
90 1898 l,0 0 0 & c
do
1,440,000
3
D ec. 1, 1923
B oyer Val. R y., 1st M., c%, $16,000 per m.F.c*<fcr
do
do
1,904,000
3 ^ g . J. & D.
June 1, 1924
Minn. & la R y., 1st M., g., $16,000 per m. F.c*<fcr 119 1899 l,0 0 0 & c
do
416,000
do
Oct. 1, 1929
26 1899
1,000
3 ^ g . A. & O.
Mankato & New Dim, 1st M., g., $416 000 F .c'& r
do
do
56 1900 l,0 0 0 & c NT D eo.’Ol 3i2 g. M. & S.
ne
Sept. 1, 1925
Southern Iow a, 1st m ort.. $1,120,000, g F c*<fcr
do
1,940,000
Jan, 1. 1926
do
3 S g. J & J.
i
P rinceton & North., 1st M., $2,100,000, g.F.c*& r 105 1901 l,0 0 0 & c
do
do
2,125,000
Mch. 1, 1926
85 1901 1,000&C
3^2*. M. & S.
Peoria & N orthw., 1st M., $2,125,000, g . F . .c*<fcr
do
do
4,000,000
A u g 1, 1936
3is g. F. & A.
Sioux City & P ac , 1st M., g., $4,000,000 F .c*&r 125 1901 l,00 0& c
A. & 0 .
do
do
169,000
7
A pr. 1,!02,3k}
’
6
....
100
Sioux City & Pac., pref. stock (1st M. on 6 m .)...
J. & J.
do
do
33 1900
528,000
Jan. 1, 1935
1,000
3is g.
Minn. A So. D akota, Is tM ., gold, $ 52 8,0 0 0.,F .c*
J. & J.
do
do
3,900,000
Jan. 1, 1935
Io w a M innesota & N orthw estern 1st M., g .F c T r 195 1900 l,0 0 0 & c
3k) g.
A. & O.
do
6
do
1,000
7,725,000
Oct. 1, 1933
Frem. Elk. &M. V. consol M. $20,000 p.m . see text. 1,170 1883
1,425,000
N.Y. office, 27 Pine.
Mch. 1, 1930
1,000
41
2g. M. & S.
Chic. Peo. < St.L —Pr. lienM ., g ^ c a lla t 107k2.Ci.c* 230 1900
£
do
230 1900
2,000,000
do
July 1, 1930
1,000
Consol. M., $2,000,000, g., called at 105 C o l . c *
5 g. J. & J.
Ju ly 1, 1930
230 1900
2,000,000 Up to 5 p er cent when earned.
1,000
In com e M., g. (text) non-bum , called at p a r .E C
44 1900
500,0* 0 Up to 5 p er cent, when earned.
Ju ly 1, 1930
500
Litch A M a d k ln c .) M. (text) 5%, non-cum .......Cl
....
....
65,884,000 5 in 1901 Q .- F . New Y ork and Chicago. Aug. 1, ’02,144
100
C h icago P o c k I s ld .& P a c .—Stock ($75,000,000)..
6
J. & J. N. Y .,1 3 W illiam St.
July 1, 1917
1st M., Chic., Dl., to Council Bluffs & br’ eh es.E s c* 736 1877 1,000&C 12.500,000
do
do
fc
.Tan. 1, 1988
General m ortgage, $100,000,000, gold...C e.o*& r 3,128 1898 l,0 0 0 & c 59,581,000
4 g. J. < J.
23,520,000
4 g. M. & N.
N ew Y ork .
1902
1,000
May, 1903-’ 18
C ol.tr. M .,g „ d ue$ ,5 0 0 ,0 0 0 y r ly ,r e d .lO l1 C e c*
^
Feb. N. Y ., Office, 52 Wall St. A ug. 20, ’02, 3
100
18,558,053 See text.
Ghicaqo S t. P a u l J lin n . & Chnaha—Com. stock..
....
....
do
do
11,259,912 7 in 1902 F. & A.
....
....
100
Pref. stock, non-cum ., inclu din g scrip (se e te x t).
A u g .20,’0 2 ,3 ^
334,800
J. & J.
do
do
21 1878 500 &c.
7
Jan. I , 1908
St. Paul Stillwater & Taylors’ Falls l i t m ort. ...c
12 1878 500 &c.
125,000
8
J. & J.
do
do
July 1, 1908
Hnd. & R iver Falls IstM ., H udson to R iver F alls, c
do
do
1,947,000
May 1, 1918
Ch.St. P.&M inn. 1st M .,g.,E lroy to L. St.C.ass’d.c* 177 1878 500 <fec.
6 g. M. & N.
do
6,070,000
do
Apr. 1, 1919
1,000
St. P. < Sioux City, 1st M., g.. $10,000p.m . .C e .o 607 1879
fe
6 g. A. & O.
6
J. & J.
do
do
Jan. 1, 1930
80 1880
1,000
768,000
N o.W i8.lstM . Lake St.C.to n’r Spooner ass’d.C e.c*
M. & N.
do
1,000
350,000
5
do
N ov. 1, 1915
37 1890
Sault Ste. Marie & Sonthwest’n 1st M ., assumed.c
do
1880
6
J. & D.
do
1,000
14,498,000
June 1, 1930
C.8t-P.M.& O.M .,$30,000,000 ($15,000 p .m jr e .o '
394,000
1,000
Chic. Terrn’l Tr. R R —C h.& G t.W .,lst M., g.,ass’ d.c* . . . . 1886
5 g. J. & D, N. Y ., M ercantile Trust. June 1, 1936
650,000
M. & N. T o C ity o f Chicago.
May 1, 1938
....
5
City o f Chicago purchase m oney m ort., assumed
....
91 1897
i ,o o o
13,635,000
Chic. Term. T ran sf.lstM .,g.,$16,500.000 TJs.c*<fer
4 g. J. & J. N. Y ., M ercantile Trust. Ju ly 1, 1947
In addition tlie smiting fund June 1, 1901, lield, a , $58,00o; b, $172,500; c , $150,500; d., $135,000; *>,$149,000; f ., $521,000 (and
$10,000 on hand); g ., $ 1 8 1 ,0 0 0 ; h f $ 1,1 43 ,0 00 ; k , $202,500.
C oupon interest M. & N.; registered Q.—F.________________________
0.
C h ic a g o R o c k I s l a n d & P a c i f ic R y , - Co n c l u d e d .
In D ec., 1900, the C hicago R ock Island & M exico R y. and Chic. R. I.
& El Paso R y. w ere incorporated to build an exten sion from Texhom a,
O. T., to Santa Rosa, N. M., 213 miles, at a con n ection with an ex te n
sion of the El Paso & N ortheastern (New Mex. Ry. & Coal) built
from Carrizosa, thus affording a through route to the P acific coast, via
E l Paso and the Southern Pacific, and a through line to the City of
M exico via the M exican Central. V 71, p. 1219; Y. 72, p. 820. In
Feb.. 1902, extension w as com pleted.
The Enid & Anadarko
Ry. was com pleted in Dec., 1901, from Enid, O. T.. southw esterly, to
W atonga, 65 miles, and is bein g further extended to Anadarko, about
60 miles. B ra rch was nlso com pleted in S e p t . 1901, Anadarko to Law ton, 36 miles, and is being extended to near Addington, I. T., 40 miles.
Chicago R ock Island < Texas, Terra! to F ort Worth, T ex ., 93 m iles;
fe
bonds are all deposited as collateral fo r the general m ortgage bonds,
but the road is operated separately; in A pr , 1902, an extension was
proposed from Fort W orth to Galveston, 295 miles. In Feb., »902,
purchased portion o f Kansas City Peoria & Chicago R y., extending,
from Plattsburg, Mo., to Kansas City, 46 miles. V. 74, p. 426, 727.
H i s t o r y .— The present Chicago R ock Island & P acific was a con
solidation June 2, 1880, w ith $50,000,000 stock authorized. The
Moores o f C hicago are in con trol.—Y. 74, p. 2678 t o c k .—In Julv, 1901, stockholders subscribed to $10,000,000
additional stock, raising the am ount to $60,000,000. See below . The
stockholders voted on June 4, 1902, to increase the stock to $75,000,000; of the new stock, $3,381,200 was is s u e d to take up Burl. Ced.
Rap. A Nor. and $502,800 to take up R ock Island & Peoria stock and
$2,000,000 to purchase the St. ».ouis Kans. City & Colorado R y., the
stockholders being offered the right to July 31 to subscribe to $8,235,500 additional at par to the exten t o f 12 ^ per cent of t h e ir holdings,
leaving $880,500 in the treasury. See G e n e r a l F i n a n c e s b elow .—V .
74, p. 1194; V. 75, p. 28.
D iv id e n d s
>’ 92<fe’93 ’ 94 ’ 95 ’ 96 ’ 97 '98 ’99 ’00 ’01
1902.
gln ce’90, F.ct. {
4
3*2 2
2 2^4k2 5
5 5 Inel. A u g.,3%
Also In 1898 a distribution o f 10 per cent was m ade in stock to
represent earnings expended fo r extensions, etc., in 1880-85. (V. 68,
p. 1136.) 1 8 8 1 1 *87, 7 p. c. yearly in cash; '88, 6 ^ p. c.
<
Dividends in 1*98-9 above 4 per cent were charged to A dd ition and
I iprovemenr A ccou nt, which also stands pledged to pay a 4* per cent
‘ ‘ NpeeiAl” dividend quarterly up to and including the n ext regular
dl ndend day follow in g Jan. 1, 1903. V. 68, p. 1136.
B o n i s . —T h e r e fu n d in g m o r t g a g e Is f o r $ 1 0 0 ,0 0 0 ,0 0 0 (C e n t r a l T r u s t
C o ., t r u s t e e ), o f w h ic h $ 6 4 ,9 7 2 ,6 0 0 w e r e r e s e r v e d t o r e t ir e $ 6 2 ,7 1 2 ,0 0 0
e x is t in g b o n i s (I n c lu d in g $ 5 0 ,2 X 2 .0 0 0 p a id in 1 8 9 8 -9 ) ; $ 2 ,0 0 0 ,0 0 0
w ere Im m e d ia te ly a v a ila b le f o r a d d it io n s o r im p r o v e m e n t s ; $ 5 0 0 ,0 0 0
h a v e b een is s n e o to fa c ili t a t e th e is s u e o f r e fu n d in g b o n d s ; $ 5 ,5 0 0 ,0 0 0 w ill be a v a ila b le a ft e r 1 9 0 2 a t $ 1 8 ,0 0 0 p e r m ile , t o r e t ir e b o n d s on
lin es p u rc h a se r !, a n d r e m a in d e r a r e Is s u a b le a t n o t o v e r $ 1 , 0 0 0 , 0 0 0
p er a n n u m f o r p e r m a n e n t im p r o v e m e n t s a n d a d d it io n s , in c lu d in g
e q u ip m e n t. Bee M o r t g a g e A b s t r a c t in V . 6 6 . p. 5 2 2 .
T h e c o lla t o r a i tr u s t g o ld 4 s o f 1 9 0 2 ($ 2 1 ,0 0 0 ,0 0 0 a u t h o r iz e d ) a r e
secu red b y d e p o s it s o f a ll e x c e p t $ 1 7 9 ,0 0 0 c o m m o n a n d $ 5 6 ,4 5 0 p r e
ferred s t o c k , th e b a la n c e u n is s u e d b e in g r e s e r v e d f o r is su e a t 9 6 8* f o r
th e actu al c o s t o f th e r e m a in in g C h o c t a w s t o c k a t n o t o v e r $ 6 0 p e r
$ 5 0 sh are fo r th e p r e fe r r e d a n d $ 8 0 p e r $ 5 0 s h a r e f o r t h e c o m m o n .
V. 74, p 7 7 5 , 8 2 9 , 9 3 6 , 1 8 5 6 .
G e n e r a l F i n a n c e s .— A y . freigh t, tr a in lo a d in 1901 2 , 1 7 8 t o n s , r a te
per ton m ile , 1 0 4 c . ; in 1 0 0 0 1 , 3 8 2 t o n s ; r a te p e r ton m ile 0 '9 9 e .
in J u ly . 1 9 0 1 , s t o c k h o ld e r s s u b s c r ib e d a t p a r to $ 1 0 ,0 0 *,000 n e w
stock, to be u sed in p a r t t o p a y fo r e x t e n s io n fr o m Li b e n d , K a n .,
s o u t h w e s t to a c o n n e c t io n w ith th e N ew M e x . Hy. & C oal C o ., 2 5 0
m iles, an d in J u ly , i n 0 2 , $ 8 /2 3 5 ,5 0 0 w a s o ffe r e d a t p a r to c o n s t r u c t o r
p u r c h a s e n ew r o a d , m o ld d in g a lin e b e t w e e n F o r t W o r t h att4 O a t
venfcou* 2 9 6 m iles, p o r t io n o f lin e b e t w e e n F o r ! W orth arid K an as
C ity , an d fr o m A n io r lU o , ! « ■ „ to a p o in t o n th e Hue b e t w e e n L ib e r a l,
K a n ., an d E l P a s o , T e %.t a ls o f o r s e c o n d t r a c k , im p r o v e m e n t s an d
equipment.
V. 72, p. 1185; V. 73, p 184; V. 7 5 ,0 .2 8 . In July. 1902.
$ 5 8 ,5 8 1 .0 0 0 n e w g e n e r a l 4 s had b een lis te d .
A s to p u r c h a s in 1 9 0 2
o f C h o c ta w Ok inborn a. < On If, see b o n d s a b o v e .
fe
L a t e n t E a ir a m s
i m m , { 1 0 0 2 * ,G r o w , $ 2 ,1 1 0 ,1 7 8 ; n e t, $ 5 1 0 ,4 0 9
A p r il I to A p r il 3 0
i 190i . . dross,
1 ,9 7 2 ,9 3 7 ; n e t, 5 0 7 ,5 8 2
A 8 h 17a i. R e p o r t . -T h e fisca l y e a r e n d s M a rch 3 E A n n u a l m e e tin g
is held In C h ic a g o on th e first W ed head a y in J u n e . R e p o rt fo r 1901 o
a t le n g t h w a s In V . 7 4 ,
1193, 1201; s i # a ls o e d it o r ia l, p. 1 1 6 7
1902,
Yeur e n d i n g M a r c h 31 —
1901.
3900.
Miles operated.
3 ,8 1 9
3 ,6 4 7
3 ,9 7 5
$ 8 ,0 3 0 ,1 6 4
Passenger e a r n in g s ........
$ 6 ,4 0 0 ,0 1 4
$ 5 ,5 4 1 .0 3 7
.F r e ig h t............... .......................
1 7 ,7 3 0 .3 9 8
1 5 ,8 8 1 ,0 9 2
1 9 ,0 0 1 ,8 5 7
1,293.825
Mall* e x p r e s s , r e n ta ls , e t c . . . .
1 ,2 3 4 ,2 8 3
1 ,2 2 8 ,4 7 5
Gross e a r n i n g s .. ,, .. ,.. .. .. $ 2 8 ,3 8 5 ,8 4 6
N e t e a r n in g s .........
. . . . . . ___ _ $ 1 0 ,1 3 1 .1 2 1
From land departm ent,. . . . . .
I n c o m e fr o m lo a n s , e t c , . . . . . .
T o ta l i
n
c
o
m
e
,
12,000
0 8 6 ,8 4 9
$11, 079, 970
$ 2 5 ,3 6 4 ,6 9 5
6 9 3 ,8 7 9
$ 2 2 ,6 5 0 ,6 0 4
$ 7 ,0 0 8 ,1 5 3
3 ,0 0 0
6 9 8 ,4 4 0
$ 8 ,9 0 0 ,9 8 3
$ 8 ,3 0 9 ,5 9 3
$ 8 ,1 9 9 ,0 0 2
7,500
1902.
1901.
I9 60 .
$756,954
$747,227
$717,417
R ent leased road s.....................
Interest on d eb t........................
2,951,322
2,911,980
3,055,313
Missouri R iver bridges...........
150,751
144,756
134,802
D ivid en d s...................................(4) 2,247,900 (4) 1,999,692 (4) 1,999,586
B alan ce................................
$4,973,043
$3,097,326
$2,462,475
O f f i c e r s .— Chairman o f the B oard, R. R. Cable, R ook Island; P re si'
d ent, Wm. B. Leeds; Treasurer and A ssistant Sec., F. E. H ayne; Secre
tary, G eorge H. C rosby, C h icago; A ssistant Treas. and A ssistant
Secretary, Geo. T. B oggs, 13 W illiam Street, N ew Y ork.
D irectors. A lexa n d er E. Orr, O gden Mills, G S. Brew ster, W m . B. L eeds, A .
R. Flower, W m . H. M oore, D . G. Reid, Geo. G M cM urtry, F. L. H ine and F. S.
W h eeler, New Y ork ; Marshall Field and Jas. H . M oore, Chicago; It. R. Cable,
R ook Island.
E xecutive C om m ittee: R. B . Cable (Chairm an), W m . B. L eeds, A . R. F low er,
Marshall Field. D. u . R eid, W . M oore and Jam es H . M oore.
—(V. 74, p. 1 1 9 3 , 1194, 1 2 0 1 ,1 2 5 0 ,1 3 0 7 ,1 3 5 4 ; V. 75, p. 28, 76, 134.)
C h i c a g o S t. P a u l .M i n n e a p o l i s & O m a h a R y , - (See Map Chi
cago <£North Western.)—R o a d .— M ainline—E lroy, Wis., to Omaha, Neb.,
593 m iles; other lines, 966 m iles; total, 1,606 miles, o f w hich 1,537
miles are ow ned and 69 miles leased. V. 69, p. 1147. In May, 1901,
purchased the Minnesota < W isconsin R R ., Spring V alley to Emerald,
fe
Wis., 21 miles, included above; extension Spring V alley to Weston, 16
miles, opened in 1902.—V. 74, p. 627. In A pr., 1901, the C hippew a
V alley A N orthwestern R R . was incorporated to con struct a line from
R ice Lake, W is., northeast about 100 miles, o f Which 13 m iles w ere
operated in Jan., 1902.
H i s t o r y .— This was a consolidation July, 1880, o f the Chicago St.
Paul & Minneapolis, the North W isconsin and the St. Paul & Sioux City.
In N ovem ber, 1882, a controlling interest in the stock was purchased
lo r the Chicago < N orth w estern R ailw ay b y the acquisition o f 93,200
fe
tihares o f com m on and 53,800 shares of preferred.
S t o c k .— Authorized com m on, $21 ,40 3 ,29 3; preferred, $12,646,833,
Held b y the com pany Deo. 31, 1901, com m on stock and scrip, $2,844,340 preferred stock and scrip, $1,386,921. Preferred stock n asa prior
right to non-cum illative dividend o f 7 p e r c e n t ; but com m on is never
to receive m ore than is paid on preferred.
D iv id e n d s since ’89 V 9 0 ’ 91 ’92 ’93 to ’ 96 ’97 ’98 ’99 ’00 ’01 ’02
C o m m o n ,i n F e b .,% > ..................
N one.
2
2 38a 5
5 B e lo w
P r e fe r r e d , P . c t ___) 4
4 683 s
-------- 7 p e r a n n . (38a F & A .) --------I n F e b ., 1 9 0 2 , a n n u a l d iv id e n d o n c o m m o n o u t o f 1 9 0 1 e a r n in g s , 5
p. c .; A u g ., s e m i-a n n u a l d iv id e n d , 3 p . 0 . V. 7 4 , p . 1 2 5 0 .
B o n d s .—T h e r e a r e $ 7 5 ,0 0 0 M in n e a p o lis E a s t e r n 1 s t in . g u a r . 7 s
d u e J a n . 1 ,1 9 0 9 ; $ 1 ,5 0 0 ,0 0 0 S u p e r io r S h o r t L in e R y . b o n d s a r e o w n e d .
C h ic a g o 8 t. P a u l & M in n e a p o lis 1 s t 6 s, d u e 1 9 1 8 , a n d N o r t h W is c o n s in
1 s t 6 s, d u e 1 9 3 0 , a r e e x c h a n g e a b le a t o p t io n o f h o ld e r a t a n y t im e ,
d o Liar f o r d o lla r , f o r c o n s o l. 6 s~o f 1 8 8 0 , d u e 1 9 3 0 .— V . 6 8 , p . 5 2 1 .
L a n d s .— S a le s 1 9 0 1 , 6 5 ,4 9 0 a c r e s , $ 1 1 0 ,9 0 6 ; u n s o ld , 2 3 5 ,8 1 0 a c r e s .
L a t e s t E a r n in g s .— F r o m J a n . 1 t o M a y 3 1 (5 m o n th s ) g r o s s ,
$ 4 ,5 0 0 ,8 1 1 in 1 0 0 2 ; $ 3 ,0 8 7 ,4 5 2 in 1 9 0 1 .
A n n u a l R e p o r t .— R e p o r t f o r 1 9 0 1 w a s in V . 7 4 , p. 6 2 7 .
F ear e n d in g D ec . 3 1 —
1901,
1900.
1899.
G r o s s f5arnirigs
................$ 1 1 ,1 9 6 ,1 0 i
$ 1 0 ,3 4 2 ,0 0 0
$ 1 0 ,4 8 8 ,8 1 4
O p e ra t’g e x p e n s e s a n d ta x e s .
7 ,0 1 4 ,2 0
6 ,4 8 0 ,1 5 4
6 ,5 1 8 ,1 3 6
N e t e a r n in g s ...............................$ 4 ,1 8 2 ,1 3 4
$ 3 ,9 7 0 ,6 7 8
1 1 0 ,2 4 3
N e t r e n t a ls p a i d ___ . . . — _____
1 0 9 ,7 0 5
1 1 4 ,8 6 1
N e t imt. o n d e b t (le s s o t h e r in c .) 1 ,3 4 3 ,0 9 7
1 ,3 4 4 ,4 7 8
1 ,8 6 4 ,4 8 3
(7 )7 8 7 ,9 7 0
Div. OB prof, s t o c k .. ..................(7)787,976
(7 )7 8 7 ,9 7 6
(5 )9 2 7 ,7 5 0
(5 )9 2 7 ,7 3 0
D lv , o n c o m . s t o c k . . . . ___
(5 )9 2 7 ,7 5 0
5 0 0 ,0 0 0
5 0 0 ,0 0 0
A p p r o p r ia t io n f o r h n p ’ t s ..........
6 0 0 ,0 0 0
Surplus o f RR. C o....... ..............
$413,520
$182,399
$275,030
N e t fr o m la n d s a l e s ........ ..
$ 1 1 0 ,9 0 0
$ 7 1 ,0 1 1
$ 6 3 ,7 3 8
(V . 7 3 , p. 1 1 5 9 ; V. 7 4 , p. 0 2 7 , 1 2 5 0 .)
Clatc* a g o T e r m ! m i l T r i * i * * f e r l i l t , — P r o p e r t y . C o n s is ts o f
p a s s e n g e r an d fr e ig h t t e r m in a ls In c it y o f C h ic a g o , lin e s o f r a il
w a y le a d in g th e r e to , a n d a b e l t lin e a r o u n d th e c it y . C o m p a n y
o w n s 7 6 0 a c r e s o f la n d 1n and a d ja c e n t to th e c it y , o f w h ich 5 0 a c r e s
a re In t h e c e n t r e o f th e b u s in e s s u ts tr ic t; a ls o in c lu d e s 7 ,5 0 0 f e e t o f
io c fo p r o p e r t y on C h ic a g o R iv e r , N e a r ly a ll la n d , In c lu d in g th a t u p o n
w h ich tr a c k s h a v e b e e n b u ilt, is o w n e d In fo e . T r u c k o w n e d , 0 0 m ile s;
le a s e s fr o m C h ic a g o J u n c t io n Hy.* i l m ile s; t r a c k «*<■, 7 m ile s, t o t a l,
108 m ile s; 2d t r a c k , 5 4 m .j s id in g s , 1 1 1 in.; to t a l all tr a c k s . 2 7 3 m ile s
H i s t o r y . A r e o r g a n iz a tio n in J u n e , 1897, o f C h ic a g o
N o r th e r n
p a n tile an d ( T ie , A <.'uhiim-t T e r m ,, p is t il V . f i h p. h KH, - 9 8 . In F o b .,
1 9 0 1 , I fa r d in a n s y n d ic a t e a c q u ir e d c o n t r o l - V. 7 2 , p. 24 1 ,5 8 0 .
T e n a n t s . B a lt, < O h io , C h ic a g o G r e a t W e s te r n , C h i c a g o H a m m o n d
fe
< W e s te r n , S u b u r b a n R R . C o. o f C h ic a g o ,
V
In 1HO8 0 0 th e Ht, L ou ts
P e o r ia A. N o r th e rn R y . C o , (see Chicago Si A l t o n ) c o n t r a c t e d to Imp
c o m e a te n a n t u n d e r a 911 y e a r le a s e , b u t s u b s e q u e n tly E d w a r d II.
! la n d m a n , J a c o b it , Hohlff, J a m e s 81.111 m an and u e o rg e . J. G ou h l a g r e e d
that on o r b e fo r e J a n , 1, 100 t, “ t h ey will c a u s e th e * h lc a g o «V A lto n
,
HP*. O o .# o r s o m e o t h e r c o r p o r a t io n s a t is fa c t o r y to th e t e r m in a l (join
p a n y an to r e s p o n s ib ilit y , to Im em ne th e s u c c e s s o r Jo th e HI.. L o u is
C o m p a n y as le s s e e W id er s a id le a s e o f O ct. 1, IH 08 .” V* 0 8 , p. 1 2 2 5 ;
V, 0 9 , p. 7U3; V, 7 1 , p, 6 5 2 . in Novy, 1 9 0 1 , the L a k e S h o r e & M ich Ho,
T
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A N B
GULF RAILROAD
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______ _ /
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SUPPLEMENT.
Andie
Sanborn
J t / ''
oH om in y j
Ta
'A s h le y '
V
Ash Grove/ i / f i e l d
5Monett
Fairlaad
Talalac
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Canadian C a n a d ia n ^
Arapahoe
Tascosa^
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Inland
Parnell,
Magenta *
U
CLEO
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INVESTORS’
o Kimball
P a c i f i c /^ S
V pPu
S
F rinidad
^Clayton
pacT
Mineral Pt.c
El Moro
Hampton o
0IT
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>Xamar
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o Kenton
JEFFERSON
Nevada Ni^sceo^
a
Pago
Bucklin
^Sandoval
M.
O
^ W
Eureka
_ VO
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i .Warsaw
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^Emporia
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Ol'athel
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\Cto^Tcil Grove ^
j Wallace
^
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JJATLROAD STOCKS
Ju l y , 1902.]
AN D
43
BONDS.
ikmet*—Princi
INTEREST OR D IV ID EN D S
Miles Date Size, or
pal,When Due.
Amount
of
of
Par
Rate per When Where Payable, and by Blocks—Last
For explanation of column headings, Ao., see notes
Whom.
Road. Bonds Value. Outstanding Cent. Payable
Dividend.
on first page of tables.
RAILROADS.
Chicago < Western Indiana—Stock (see te x t )........
£
48
1st mort., gold, sink, fund, subject call at 1 0 5 .o*
48
General mort., gold, sinking fund, see t e x t .......o*
Consol, mortgage, $50,000,000, gold.....................
Chicago < West Michigan—See P e r e M a r q . R R .
£
Chicago Wisconsin & Minnesota—See W is c o n s in C E N T R
Choctaw <•Memphis—See C h o c . O k l a h . & G u l f .
£
Choc. Oklah. < “
&Gulf RR.—Com. stock. $10,000,000 . . . .
Preferred stock, 5 per cent cum ulative................. . . . .
General (now first) mort., $5,500,000, gold — c* 283
Choc. A Mem. 1st M , $3,750,000, ass’d.GP.-C&r 282
....
L.Rock B ’ ge 1st M ., ass’d. g.. red. (te x t)...G P .c *
....
Consol. M. (see text), $30,000,000, g o ld .G P ,..c *
....
Car trusts, gold, $50,000 Oct 1, y e a rly ....G P .c*
....
Ser. B, $70,000 s.a.to Aug.’06tben $ '5 ,0 0 0 .G P
Ser. C., $1,750,000, A pr.,y’rly,begin’ g 19 03.G P
67
White A BL Riv.Val., 1st M., g . int. gu., e n d .F .o '
Cin. Dayton & Ironton—See C i n . H a m . & D a y t o n .
42
Cincinnati Georgetown dt Portsmouth—1st M., g.o*
Cincinnati Hamilton < Dayton—Common sto ck ....
6
Pref. stock, A A B, 4 p.c. cum., guar, (call at par) . . . .
do
“ E ag le” 4 p.c. cum., guar, (call at par) ....
....
New preferred 5 per cent non-cum., $8,000,000..
60
Consol, mort. (now 1st) $ A £ , sink. fu n d ...U s.c*
60
do
do
$376,000 are 5 p. c.c*
69
Second mortgage, gold........................................... c*
....
General mortgage, $7,800,000, gold.......... M e.o*
95
Cin. Dayton A Chicago, 1st m ortga ge..................
Cin. Dav. A Iron., 1st M., g., gu (assumed) ..Ce.o* 164
99
Cin. Hamilton & Indianap.—1st M., guar. p. A i . . .
99
General mort. for $3,800,000, gold, to be g u a r...
1879
82-92
$100
1,000
1,000
....
....
1894
1899
1899
1902
1900
1901
1902
1900
50
50
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Office, Chicago, 111.
9,827,500 4is in ’01 A. AO .31
do
do
6,000,000 5 in 1901 A .A O 3 1
Philadelphia, Pa.
5,500,000
5 g. J. & J.
3,525,000
5 g. J. A J. Philadelphia and N. Y.
do
do
375,000
6 g. J. A J.
do
do
5,062,000
5 g. M. & N.
200,000
5 g. A. A O. Phila., Girard Trust Co.
do
do
860,000
5 g- F. A A.
do
do
1,750,000
4is g. A. A O.
500,000
5 g. J. A J. N. Y ., First Nat’l Bank.
1902
....
1,000
100
100
100
1875
1875
1887
1892
1892
1891
1873
1893
1,000
1.000
1,000
1,000
1,000
1,000
1, >00
1,000
See text.
5 g. J. A J. Unions.Bk.ATr.Co.,Cin Jan. 1, 1927
Cincinnati.
8,000,000
do
612,100 4 in i9 0 1 Q .- J .
July 1 ,’0 2,1 %
do
June,1902,1%
462,400 4 in 1901 Q .-M .
do
6,925,500 5 in 1901 Q .-F .
Aug. 8 ,’02, l t i
927,000
A. A O. N.Y.,Kessler<fcCo54WalI Oct. 1, 1905
7
do
do
1,668,000
Oct. 1, 1905
5 A 6 A. A O.
do
do
Jan. 1, 1937
2,000,000
4 isg. J. A J.
3,000,000
5 g- J. A D. N.Y., Blair ACo.,33WaU June 1. 1942
1,200,000
4
A .-O . N. Y. .Kessler ACo54W all A pr. 1, 1942
do
do
May 1, 1941
3,500,000
5 g. M. A N.
7
J. A J. N.Y. .Kessler ACo54W all Jan. 1, 1903
1,800,000
See text.
5 g. J. A D. Treas.,office, Cincin., O. June, 1943
....
....
a r e r e s e r v e d to r e t ir e th e a s su m e d b o n d s ; $ 2 ,1 9 5 ,0 0 0 f o r n e w p r o p e r t y .
L a t e s t E a r n i n g s - 11 m o s .) 1901-2.Gross, $1,488,103; net, $680,514
> 1900-1.Gross,
Chicago.
July 1, ’0 2 ,1J*
6
Q .-J .
6 g. M. A N. N. Y., J.P.M organ A Co. Nov. 1, 1919
do
do
Deo. 1, 1932
6 g. Q.—M.
50 years.
AL.
Chic.,R . r. & Pae and N. Y. Chic & St. Louis made contracts pend
ing repairs to their old station.—V. 73, p. 1111.
S e c u r i t i e s .—Stock—S I 3 ,0 0 0 ,0 0 0 c o m m o n a n d $ 1 7 ,0 0 0 ,0 0 0 4 p. c.
n o n -c u m u la tiv e p r e f. Bonds—O f th e $ 1 6 ,5 0 0 ,0 0 0 1 s t 4 s, $ 1 ,3 0 5 ,0 0 0
July 1 to May 31.
$5,000,000
145,000
9,868,666
N’ne J’ne,’02
1,300,799; net,
626,257
R e p o r t .—R eport for year ending June 3 0 ,1 9 0 1 , given at length in
V . 7 3 , p. 7 3 8 , shows gross, $ 1 ,4 3 0 ,9 9 0 ; net, after deducting taxes,
$ 6 0 3 ,3 2 2 ; interest, $ 5 9 1 ,2 0 0 ; bal., sur., $ 1 1 ,4 2 2 .
Pres, and Gen. Mgr., J. N. Faithorn. Chicago, 111.; Sec and Asst.
Treas., W. T. Wisner, 2d, 30 Broad 8t., N. Y .—(V. 73, p. 783,1111.)
C h ica g o U n io n T r a n s fe r R y . - Y . 72, p. 872; Y. 73, p. 1207.
C h ica g o 6c W e s t e r n I n d ia n a R R . —Owns a valuable terminal
system of roads affording entrance into Chicago to the roads named
below. Its lines extend from Dearborn 8tation, Polk Street, Chicago,
to Dolton, 17 miles, also to Indiana State Line, 10 miles, to
Cragin, 16 miles, and to South Chicago, 5 miles ; total, 48 miles; total
track, including 2d, 3d, 4th tracks and sidings, 220 m ile s; also owns
about 900 acres of real estate, passenger and freight yards, warehouses,
elevators, etc. The Belt Ry. of Chicago leases and operates 76 miles of
the 220 miles owned b y the Ch. A W. I., its securities being all held by
the companies leasing the Chicago & W. I.; see V. 60, p. 1058.
L e a s e s .—This com pany’ s road and terminals are leased under per
petual contracts to the Wabash, the Chic. & Grand Trunk, the Chicago A
Eastern Illinois, the Chicago & Erie and the Chicago Indianapolis A
Louisville, each of which five companies owns $1,000,000 stock. They
are also leased to the Atchison, the Elgin Joliet & Eastern and the Belt
Railway. The annual rentals must always exceed by at least 20 per
oent the interest on the bonds outstanding.
D iv id e n d s .— ) ’ 92-94. ’95. ’ 96. ’ 97. ’ 98 ’ 99. ’00. ’01.
1902.
P e rce n t.
$ 6 y ’rly. 7 1
s
6
6
6
6
6
6 In c. J u ly ,4 ^
B onds .—Slnkingfundpaym entsfam onntingin year 1901 to $219,000)
annually retire a portion of the first m ortgage bonds at 105 and inter
est, and after they are all drawn the general m ortgage bonds become
subject to same sinking fund and will be drawn at same price in su oh
annual amounts as will retire the debt by maturity. Of the consols
a u th o r iz e d in 19 01 , a p o r tio n w ill be issu ed t o pay for tr a c k e le v a t io n
an d o th e r improvements, su fficien t of th e balance to be r e s e r v e d to
r e tir e o ld b o n d s o u ts t a n d in g .— Y. 73, p. 31.
Apr. 30,’02,3%
A pr 30,’02,2ifl
Oct. 1, 1919
Jan. 1, 1949
July 1, 1919
May 1, 1952
To Oct., 1905
To Aun., 1908
Apr.. 1903-’ 10
J une 30,1980
mile o f railroad now owned or hereafter constructed, an amount
equal to the outstanding gen. and C. A M. 5s being reserved to retire
the same. Y. 74, p. 151. In May, 1902, $1,^27,000 was issued to
purchase the Choctaw Northern RR. A fter 1902 the Little Rock Bridge
6s are subject to oail at 105 for sinking fund o f $20,000 yearly.—
(V.71, p. 602.) Car trusts, see table above and V. 73, p. 1312,1356; V.
74, p. 727.
L a t e s t E a r n i n g s .— For 3 months, Nov. 1 to Jan. 31:
Oross
Net
Fixed
Balance,
3 months—
ear nines, earnings,
charges, mcl.m ines
1901-2................................... $1,428,161 $572,653 $159,027 $402,523
1900 1 .................................. 1,087,913
545,103
129,957
434,940
R e p o r t .—R e p o r t f o r 1 9 0 0 -0 1 in V . 7 4 , p. 1 4 9 , 2 0 3 , 21 2.
Tear end.
Gross
Gross o f
Net
Interest
Balance,
Oct. 31— o f railroad.
mining.
o f both.
and taxes, for year.
1901 ......... $4,611,351
$655,462 $2,025,044 $607,419 $1,417,625
1900......... 2,7c2,019
741,486
1,228,738
497,834
730,904
Average miles operated, 643 miles in 1900-01, against 565 in l8 9 9 -0 0 .
From surplus above shown were paid dividends as follows: In 1900-1.
on pref., 5 p. C. ($300,000), and on com mon 4 ^ p . c. ($320,000), and
$120,000 for equipm ent renewal funds; in 1899-0, on pref. 5 p. o.
($248,382), and on com m on 4 p. c. ($184,745) and $75,000 for equip
ment renewal fund. Coal output In 1900-01, 448.497 tons Pres.,
Wm. B. Leeds; Sec., Geo. H. Crosby; Treas., F. E. Hayne. Directors
May, 1902. V. 74, p. 9 8 6 ,1 3 0 7 —(V. 74, p. 986,1195, 1307, 1354.)
C in c in n a ti G e o r g e to w n 6c P o r ts m o u t h R R . —See S t r e e t
R a il w a y S u p p l e m e n t .
C in c in n a ti H a m i lt o n 6c D a y to n R y .—(Nee Map.)—Operates a
direot line between Cincinnati and Toledo, Ohio, with branches to
Indianapolis, Ind., and Ironton, on the Norfolk A Western, etc.
H i s t o r y , E t c .— In July, 1 8 9 5 , consolidated with the Cin. Dayton
& Ironton and Cin. D. A Chicago under the name o f Cin. Ham. & Dayton
Railway. V. 60, p. 1104; V. 61, p. 68. Indiana Decatur & Western
is operated in connection with the C. H . A D. system. V. 61. p. 1064.
Since Nov., 1901, the Findlay Fort W ayne & West. Ry., Findlay, O., to
Fort W ayne, Ind., 80 miles, has been operated for its owners. The
bonds of the Findlay road have not been assumed.—V. 73, p. 1111.
Road owned—(V See this Oo.)Miles.
Proprietary roads—
Miles.
Cincinnati to Dayton, 0 ............ 60 Cincinnati Hamilton A Ind. ..If 99
R e p o r t fo r 1 9 0 0 w a s in
Dayton to Deans, O ..................176 Cincinnati A D ayton................. 14
V. 7 2 , p. 11 85 . In 1 9 0 1 , g r o s s in c o m e , $ 9 0 6 ,3 8 2 ; in te r e s t, e t c ., $ 6 2 5 .
Dayton to Delphos, O............... 98 Columbus F in d la y & N o rth e rn . 18
70 1; d iv id e n d s , $ 3 0 0 ,0 0 0 ; bah, d e fic it, $ 1 9 ,3 1 9 .— (V . 7 4 , p . 62 9.)
T ra ck a ge......................r............. 13 B o w lin g G re e n R R ..............
21
C h i c a g o 6c W e s t M i c h , —S ee P e r e M a r q u e tte R R
P iq u a & T r o y B r a n c h ........ .........
8
Operated—
R o a d s le a s e d —
C h i c a g o W l s . 6c M i n n . —S old in 1 8 9 9 to W is c o n s in C e n tr a l R y .
C h i h u a h u a 6c P a c i f i c R R , —C o m p le te d A p r ., 1 9 0 0 ,fr o m C h ih u a Dayton & Michigan................ 1J142 IfFindlay.O., to Ft.Wayne. Ind. 80
Home A venue R R ...................... 3
hua, M e x ic o , to M in a ca , 12 5 m ile s. S u b sid ies b y M e x ic a n G o v e r n
Total o f all............................. 732
m e n t in its 5 p e r c e n t In te r io r sin k in g fu n d b o n d s a re: O n 125
m iles c o m p le t e d (a lr e a d y r e c e iv e d ), $ 1 ,4 0 0 ,0 0 0 ; on s e c o n d a n d th ird
O w n s jo i n t ly w ith C le v . C in n . Oh. & St. L. th e D a y to n A U n ion . A n
section s w ill a g g r e g a te $ 4 ,7 5 0 ,0 0 0 .
T h e se su b s id ie s w e r e in O c t.,
e x te n s io n o f th e I n d ia n a D e c a tu r A W e s te r n , fr o m D e c a tu r to S p rin g 1900, tr a n sfe r r e d to K . C. M. & O fr o m C h ih u a h u a to P a c ific C oa st,
field , 42 m ile s , w a s c o m p le t e d in M a y , 1 9 0 2 .—V . 7 2 , p . 1 2 3 6 .
ti e K. i M & O h a v in g a f 0-s ea r tr a c k a g e a g r e e m e n t o v e r th e e n tir e
S t o c k .—N ew p r e fe r r e d is e n tit le d t o 5 p e r c e n t , th e n c o m m o n to 5
line See K . C . M. A O. sta te m e n t an d V. 7 1 , p. 181. S to ck is $ 2 ,p e r c e n t; th e n b o th sh a re e q u a lly . V . 6 9 , p , 1 3 0 0 .
50 0,00 0, all issu ed. N o b o n d s is su e d to J a n ., 1 9 0 2 .— (V . 60, p. 5 7 3 ; V.
D iv id e n d s s in c e c o n s o lid a t io n —
N o v ., 1 8 9 5 to A u g ., 1 9 0 2
71, p. 181.)
N e w p r e fe r r e d , issu ed in 1 8 9 5 .................................
5 % y e a r ly (Q -F)
4 h o c t a v v 6c M e m p h i s R R . — S ee C h o c ta w O k la h o m a & G u lf R R .
B o n d s ,— G e n e ra l m o rt. c o v e r s th e p e r p e tu a l le a s e o f th e D a y t o n *
C h o c t a w O k l a h o m a 6c G u l f H R . - — ( B e e M a p . ) — O p e ra te s :
M ich ig a n , th e p r o fits u n d er w h ich a r e la r g e . V. 5 4 , p . 7 9 9 ; V . 5 5 , p. 37 3.
Rond, O w n ed —
M R es,
H o t S p r in g s ,A r k .,to M a lv e r n
40
T h e s t o c k h o ld e r s v o t e d on D e c. 1 1 ,1 9 0 0 , t o a u th o r iz e a r e fu n d in g
Say r e ,.0 ,T ., to A mar illo , T e x . 7 6 0
L ea sed —
m o r tg a g e a t n o t e x o c o d in g 4 p e r o e n t to ta k e c a r e o f th e m a tu rin g
H a ile y v llie , f .T ., to A r d m o r e . 116 W hite A B la ck R iv e r V a lle y ,
In d eb ted n ess and c o n v e r t th e fix ed le a se h o ld an d o th e r o b lig a tio n s ;
S h aw n ee, J .T ., to A h e r ........
25
B r in k le y to J ’ k so n p o r t,A r K .
64
to p u rc h a s e r a ilr o a d s h e ld u n d e r le a s e o r o p e r a t in g c o n t r a c t ; a lso to
G ea ry, O. T ., to A l v a an d
r e d u c e tiic, in te r e s t o n the Cin. D a y to n & C h ic a g o tr e a s u r y b o n d s from
A n th o n y , K an .......... ........ 1 3 7
T o t a l .................. .......................... 1 ,1 4 2
5 to 4 p e r cen t an d sell th e s a m e .—V. 7 1 , p, 1 0 1 2 , 1219; V. 7 3 , p, 840.
In J u ly , 1 9 0 2 , e x te n s io n w as u n d e r c o n s tr u c tio n fr o m G u th r ie to
G u a r a n t ie s .—G u a ra n te e s s e c u r itie s o f Gin. H a m ilto n & Ind. a n d
the m ain lin e a t o r n e a r H a lle v v llle , L T ., 17 0 m iles, w ith b r a n c h to
D a y ton A M ich ig a n ; a lso $ 9 3 3 ,0 0 0 In d ia n a D e c a tu r & W e s te rn first
Sh aw n ee, 3 0 m iles, th e M u c ta w O k la h o m a a G u lf R a i l w a y b e in g in
5s. V. 0 9 , p. 7 9 5 . A s to c o n t r o l o f C in. N. O. & T . P ., see th a t Co.
co rp o r a tn d w ith $ 1 ,0 0 0 ,0 0 0 s t o c k to b u ild th e e x te n s io n . V. 7 4 , p
R e i 'O r t , - . F isca l y e a r e n d s J u n e 30. R e p o r t In V. 7 3 , p. 8 3 0 , sh o w e d :
1195,
T e a r e n d . J u n e 30—
1001,
1000
18 99 .
H ist o r y -, -A r e o rg a n iz a tio n o f the C h o c ta w C oal A R a ilw a y C o., s o ld
G ro s s e a r n in g s ......................................... $ 5 ,8 3 7 ,9 1 0 $ 5 ,7 3 5 .5 3 0 $ 5 ,2 4 l ,50 3
hi fo r e clo s u r e B ep t.9, 1894. H o ld s v a lu a b le c o a l lea ses. T h e C h o cta w
Net. e a rn in g s ........................................ 1 .8 0 0 ,0 0 2
1 ,7 2 8 ,8 4 -'
1 ,5 8 2 ,0 9 7
A. M em ph is KK,, fo r m e rly lea sed , w as m erg ed In J u n e , 1900. V. 7 0 , p.
D e d u c t in te r e s t on b o n d s ............... $ 3 0 5 ,7 4 7
$ 8 4 0 ,9 7 0
$84 0 ,9 7 0
911. 'riic W h ite A B la ck R iver Viil, R R is le a se d lo r »<) y e a r s from
D lv. p r e f, sto ck I). A M. R R .........
9 0 ,0 0 0
9 0 ,0 0 0
9 0 ,0 0 0
July l , 19 00 , interest, on $ 5 0 0 ,0 0 0 five i> *,r c e n t b o n d s lining g u a ra n
Id v . corn. Stock i>. & M. R R ........
8 4 ,0 0 0
8 4 ,0 0 7
8 4 ,0 0 7
teed fo r tlr-'t ten y e a r s an d on $ 6 0 0 ,0 0 0 th e re a fte r. V. 7 2 , p- 189l>lv. c o m . sto ck H om e A v o. H R .
2 ,9 2 4
3 ,2 1 9
3 ,4 0 0
in J u n e , 1 9 0 2 , all except. $ 1 7 0 ,6 0 0 eon j. and $ 5 6 ,4 5 0 pref. s t o c k w a s
D lv . p r o f, s o c k O. II. A D , Ky . .
8 8 9 ,2 1 1
3 8 7 ,1 3 8
3 8 0 ,3 4 0
a cq u ire d b y the C h ic a g o Rock Isla n d A P a cific R a ilw a y Co,, th e
m in ority s to ck b e in g offered the. - aim: price, viz,, $ J 0 per „dtnr<- fo r the
T o t a l ................................................... $ 1 ,4 3 8 ,8 1 8 $ 1 ,1 1 8 ,2 9 4 $ 1 ,4 1 1 ,7 3 7
Com m on and $ 6 0 fo r the p r e fe rr e d . Bee V, 74, (>. 7 7 5 , and a lso p. 820
$ 3 1 0 ,5 5 4
$ 1 7 0 ,3 0 0
980, 1364. T h e S to ck h o ld e rs v oted on M ay 8, 1!)02, to p u rch a se the | S u r p lu s ............................... ...................... $ 3 0 7 ,1 5 4
C h o cta w N orth ern R R ., 137 m iles, and Hie Hot, Hprlnga R R ., H o t
B ros., M. 1>. W o o d fo r d , C in cin n a ti, o . (V, 73 , I>. 8 3 9 , IO01, U U .
Springs, A rk ,, to M a lv ern , w ith e x te n s io n to B en ton , -Hi m iles. L e e
C i n c i n n a t i H a m i l t o n 6c I m i l i u m p o l l * I t j . — (Bee. M a p V. It.
V. 7 3 , p, 7 2 2 .) V . 7 4 , {>. 829,
,e D .) O w n s H a m ilto n , O h io, west, to In d ia n a p o lis , in d ., 99 m iles.
D iv id e n d s .—On p ref : 1898 to 1902, 5 p, o. yea rly. On com m on , 2, C om m on stuck ($ 2 ,5 0 0 ,0 0 0 ) l« all o w n e d by th e C iticlm iaU H am ilton
Oct,, 1999; 1900, 4 ; 1901, A pr,. 2; Oct,, 2hj p. o. cash, and also a 10 < . Hay ton . V. 57, p. 144, p r e fe rr e d non c u m u la tiv e 7 p e r o e n t st o c k ,
v
p. o. distribution in corn stock. In 1902, Apr., 3 p. e.
$ 2 8 1 ,079. Tim first m o r tg a g e b o n d s a rc g u a ra n te e d b y th e O. H, A l>.
B o n d s . -T h e c o n s o l, m o r tg a g e Of 1902 Is fo r the a u th o rize d a m ou n t
(a u th o rize d $ 2 ,5 0 0 ,0 0 0 ), b u t $ 7 0 0 ,0 0 0 . u n d e r an agreem ent, o f 1880,
Of $ 1 ,0 0 0 ,0 0 0 on th e c o a l p r o p e r t ie s and $ 1 5 ,0 0 0 p e r m ile fo r e a ch
w ill n o t lie issu ed . G e n e ra l 5s, $ 1 ,3 3 3 ,0 0 0 , Issued, In treasu ry .
A n n u a l R e p o r t —F is c a l y ea r e n d s D e o . 3 1 .
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CINCINNATI, HAMILTON
A N D
,nn Arbor|^^7^
Kalamazoo;
KAILROAD
Ju l y , 1902. J
STOCKS
AND
47
.BONDS.
Bcmefs—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
of
Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, Ac., see notes
Par
Whom.
Dividend,
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
RAILROADS.
30
Cincin. dtlnd. West.—1st M.,$600,000 call. text.O B .
Cincinnati Lebanon & Northern—1st mortgage. 0
38
Oin.dt MuskinqumYal.RR.—lstM .$2,000,000,g. Fo* 148
C N. O <■T. P. Jc., pref. St,, 5% cum., $3,000,000.
£
Cincinnati Northern—ls t M ., $3,000,000, g.G.c'& r
Cin. Richmond <■Ft. W .- 1st mort., gold, int. gu.o*
£
86
Cin. Rich, d Ylun.—1st M.. $10,000 p. m., g.O B .c* 168
t:
fThirago
CJinrdTi. 1st M .t
0,000, g. call, t,pixt..
50
Clearfield dt Mahoning—Stock, 6 per cent rental..
26
1st mortgage, gold, guar. B. R. A P .......... G.o*<fcr
....
Olevel'd Akron & Oolumb.—Stock, $4,000,000........
Gen. m orteage (now 1st,) g .................................... 0 177
1st consol.M ., $4,000,000, gold, s. f., see te x t___
138
C leveland C in cin n a ti C hicago & St. L o u is —
....
Common stock ($28,700,000 authorized). ..........
....
Preferred stock, 5 per cent, non-oumulative.........
C. I. St. L. A C. con. M ..draw n atl05, s.f. 1 p. 0 . 0’' 175
Gen. lstM .. $10,000,000 g .,s.f. not dr’n.Ce.c&r . . . .
391
d e v e . Col. Cin. A Ind. ConsoL mort. (see te x t)...
Gen. consol, mort. ($12,000,000) gold..U 8 .o*<fcr 391
72
Indian A St. L. 1st M., in 3 ser. of $667,000.U s . 0
2d M. ($2,000,000), gold, Indianap. to Terre H 0.
72
62
CLCln.Ch.ASt.L., White Wat. Val. Div, 1st, g.C e.o'
Spr. A Col. Div. (Col. 8p. A Cm.), 1st M., g.Ce.o*
45
Cairo Division 1st M., $5,000,000, gold ..C e.o* 267
St. L. Div., coll, tr., g. ($351,000 in s. fJC e.cA r 194
Cin. Wab. A Mich. Div. 1st mort., gold .. U s .o 1 203
"
Gen. mort. lOOyearfor $50,000,000 g .M e .o ’ &r 1,808
Obligations fo b P b o p b ie t a b t L ines .
....
Cincinnati Sandusky A Cleveland—Pref. s to ck ...
Consol, (now 1st) M. ($3,000,000) g o l d ...A B .o
170
Car trusts, payable m onthly..................................
Lonlsv. A Jeffersonv. Bridge 1st M.—See that Co.
1902
1886
1898
$ 1,000
1901
1871
1900
1902
1,000
1,000
100
1,000
1,000
1,000
50
1893
1,000
....
100
1887 500 Ac.
1900
1,000
1888
1900
50
1,000
C i n c i n n a t i N e w O r l e a n s & T e x a s P a c i f i c R y . —R o a d .— O p e r
a tes C in c in n a ti S o u th e r n B y ., C in c in n a ti to C h a tta n o o g a , T e n n .,
3 3 6 m .; tr a c k a g e , 2 m . L e a s e Cin S o R R . o w n e d b y c it y o f C in cin n a ti.
In 1901, le a s e w as e x t e n d e d 60 y e a r s to O ct. 12, 19 66 ; r e n ta l u n d er
p re se u t te rm w a s m o d ifie d b e g in n in g J u ly 12, ) 9 0 2 , to $ 1 ,0 5 0 ,0 0 0
y ea rly , th e r e m a in in g $ 5 0 ,0 0 0 p e r q u a r te r to be d e fe r r e d as It a c c r u e s
and to be p a id q u a r te r ly a t r a te o f $ 4 0 ,0 0 0 y e a r ly , w ith in rerest o n
d e fe r n -d p a y m e n ts at 3 p e r c e n t; r e n ta l u n d e r r e n e w a l to b e $ 1 ,0 5 0 ,00 0 y ea rly fo r first 20 y e a r s , th en $ 1 ,1 0 0 ,<j0 u f o r 2 0 y e a r s, th e r e a fte r
$ 1 ,2 0 0 O O .-V 7 3 , p. 7 2 2 ; V. 7 4 , p. 12 5 1 .
P re fe rre d s t o c k , 5 p. o,
cum ., $ 3 ,0 0 0 ,0 0 0 , h as been a u th o r iz e d , w ith n o v o t in g p o w e r , b u t p r io r
righ ts on d is so lu tio n . O f th is, th e $ 2 ,0 u 0 ,0 0 u t o b e ls s u c d fo r Im p ro v e
m ents u n d er e x te n s io n o f th e le a s e w a s o ffe re d a t p a r p r o r a ta to th e
holders o f th e c o m m o n s to ck , th e re m a in in g $ 1 ,0 0 0 ,0 0 0 to b o r e s e r i e d
fo r fu tu re req u irem en ts. Y. 7 4 , p . 5 2 8 , 82 9.
stock , c o m m o n . $ 3 ,0 0 0 ,0 0 0 , c o n t r o lle d iu in te r e s t o f S o u th e rn R y .
and Oin ..m a il H a m ilto n A D a y to n R y , V . 6 1 , p. 2 6 ; V. 65, p. 11 73 .
Car tru sts
m e 3 0 , 1901, $ 2 2 2 ,4 4 7 ,
L a te s t E a r n s . - 1 i m os,, (1 9 0 1 -2 .G ross, $9,149,803;fnefc, $1,30 2 ,7 5 8
J u ly 1 to May 31.
> 1900-1 .G ross, 4,005 ,0 1 7 ; net, 1,184,495
A nn da I R e s o r t .- R eport fo r I f 0 0 1 was In V. 73, p. 1354, sh ow
ing, gross, $5,045,596; net, $1,299,827, (against $ 1 ,4 3 1 ,6 5 7 in
1899-00); rentals, $1,102,000; interest, $18,605; balan ce, su rp lu s,
$179,132. agst. surplus $322,724 In 1809 0 .- ( V .7 4 , p. 727, 829, 1251.)
< l i x l n n U N o r t h e r n l i l t . — ( See M a p C le v e la n d O in . O k ie/.n o
O w n s from F ra n k lin , O ., to J a ck urn, M ich ., 2 0 5 m ile s ; tr a c k
age (O. C. C. A Ht. L .), F ra n k lin to C in c in n a ti, 4 2 m.
fd. L .)
nticeessor in June. 1897, o f C incinnati Jackson A M ackinaw , fo re
V. 6 , p. 621; V. 72, p. 338, 1034, 1 135; V. 73, p. 81.
closed.
In J u ly , 1901, President. In g a lls o f th e C le v o . C inn. Otilo. A 8t. L ou is
was el«ct* d President, con tro l h avin g been acqu ired by or In the in
terest of that road. The h oldings o f Clev. (fin. 0 h A Ht. L. are valued
In balance sheet of .June 30, 19 0 1, at, $877,852. -V 78. p. 187, 497.
8 t o (. k . reduced to $3,00 ,00o from $ 6 ,8 0 0 ,0 0 0 In Hem., 1901.
B o n o s —In Sept,, 19 01 , m a de a b o v e m o rtg a g e . V. 73, ft. 783.
R e p o r t . F or c a le n d a r y e a r : In 1 9 0 1 , g r o s s , $ 0 8 9 ,2 8 8 ; n et, $ 8 9 ,5 0 1 :
In 1900, gross. 86 Mi,108; net,, $ 9 7 ,0 5 9 .
(V. 74, p. 320, 378 )
C l in-1 n m i 11 I t l i l i m n n t t A F u r t W a y n e H i t , —O w n s from 1
m o r a l , I n d . , to A d a m s, ( r i d ., 86 m ile s ; lea ses 5 m iles o f P. F W .
N ow o p e ra te d
(D eo,, 1 9 0 1 ), iiy G ra n d
R a p id s
A In d ia n a
,, *»•teresti «r aranlten rl IIv H e I en n sylva n ti
. . » .im *
*
IM
R ental, net ea rn in g s.
In *>t Isgn (Mwill by th P
,u rg
L.
jo in tly
and Pitts >urg (fin. C h ica g o A Ht I,. Go. Jointly (th e P G. O. ,v h
tftkimg th* nlftm* o f filli Itfti H a m {i tc»r> A ri*. y ton s,i i s
Hto oil
ta k in / the p la ce
the Gin. iTrcfTi ilton f. D a
In
7 0 9 ,3 1 3 par, $ 5 0 ,
o f w h ich
Penn. Co. Jan
1, 1902, o ’v
$ 1 ,2 8 0 ,9 0 0
Due g u a ra n tors J a n . 1. 19 02 , $ 1 ,3 8 t,8 7 7
T e a r etui. ttec.Al.
Year e t u i. t l r e . A l
l/rnss
Dross.
1901 .................... $ 5 6 0 ,2 0 0
1 9 0 0 . . , . . . , . . . , . . . 5 1 4 ,1 1 3
v«;
ffet.
$ 1 3 1 ,0 0 5
1 2 1 ,7 3 9
r . . i ____ _
[ nte.re sl.dr,.
5 gJ. A J. Cinn., Cen.Tr.AS.D.Co.
5
1,500,000
4 g- F. A A. N.Y., Farm. L. A Tr. Co.
Q .-M .
2 , 000,000
Cincinnati.
i;o o o ;o o o
4 g- J & J. N. Y „ Guaranty Tr. Co.
1,800,000
7 g. J. A D. N. Y ., Winslow. L. A Co.
1 .680,000
5 g. A. A O. Bost., O. Col. Trust Co.
5 g. F. A A.
See text.
750,000
6 8 J. A J.
Checks mailed.
650.000
5 g. J. A J. N. Y ., Guaranty Tr. Co.
4,000,000 See text. See text
1,800,000
5 g. M. A 8 . Hamilton Tr., B’klyn.
1,782,000
4 g- F. A A. N. Y., Winslow, L. A Co.
200,000
100 27,989,310 4 in 1902
....
100 1 0 ,000,000 5 in 1902
1880
6
1,000
682,000
1886 1 ,000 Ac 7,684,000
4 g=
1874
1,000
4,138,000 7 or 6 g.
1884
1,000
3,205,000
6 g1869
1,000
2 ,000,000
7
1882
1,000
500,000
6 g.
1890
1,000
650,000
4 g.
1890 500 Ac.
1,103,730
4 g.
1890
1,000
5,000.000
4 g1890 l.OOO&c 10,000,000
4 g.
1891
1,000
4,000,000
4 g.
1893
1,000 15,650,000
4 g-
E abnings .—I n year ending June 30, 1901, gross, $915,572; net,
$217,170; total deductions, $166,780; bal., surp. fo r year, $50,396.
C in c in n a ti Sc I n d ia n a W e s t e r n B B - Under construction
from Cincinnati, O., to a connection with the Cincinnati Richmond &
Muncie RR. (see below ) at a point in Butler County, on the State line
between Indiana and Ohio, about 30 miles. Stock increased May,
19 0 2 , from $500,000 t " $900,000. Bonds are subject to sail at 110
after 10 years.—V. 74, p. H 9 5 .
C in c in n a ti J a c k s o n < M a c k in a w R R .—See Cin. Northern.
fc
C in c in n a ti L e b a n o n Sc N o r th e r n R y .—Cincinnati, O., to
Dodds, 36 miles; branches, 2 miles. Controlled by Penn. RR. inter
ests. Operated from Oct. 1,19 01 , by Pitts. Cincin. Chic. & St. Louis
Ry. V. 3, p 662. The stockholders were to vote on July 10. 1902,
on purchasing the M iddletown A Cincinnati R R ., M iddletown to Mid
dletown Jet., 14 miles. Y. 74, p. 1251. Stock authorized, $1,000,000:
outstanding, $993,000. Consolidated mortgage bonds for $500,000
were authorized to retire first m ortgage bonds and for improvements,
all in treasury Bills payable issued to retire “ special m ortgage bonds,”
$120,000. Year ending Dec. 31, 1901, gross, $180,803; net, $33,896;
charges, $15,090 - ( V . 73, p, 662; Y. 74, p. 1195,1251.)
C in c in n a ti Sc L ic k in g R iv e r R R , - B rooksville to W ellsburg,
10 miles, and Hillsboro to Johnson, 17 miles. In Aug, 1901, under
construction from Brooksville to Johnson Jet., 28 miles. Extension
also proposed in 1902 from Hillsboro to Morehead, 20 miles, making
75 miles in all. Stock, $200,000. All old bonds wall be retired. Vice
Pres, and Gen. Mgr., Y. Alexander, Brooksville, K y.—(V. 70, p. 1194.)
C in cin n a ti Sc M u s k in g u m V a l le y R R .—(See map o f Pittsburg
Cincinnati Chicago dt St. L ou is.)—Owns’ Morrow. Ohio, to Trinway, O.,
148 miles. Successor on Aug. 1, 1898, to the Cm. A Musk. Val. Ry.,
foreclosed June 29, 1898, ana purchased in the interest of Penn. RR.
V. 67, p. 27. Of the bonds $500,000 are reserved for future needs;
sinking fund retiree yearly one per cent of those outstanding, if of
fered at par or less. Stock, $2,000,000; par $ 10 0; all issued. Divi
dends: 2 i). c., June 25, 1900; Dec. 31, 4 p.|c.; 1901, D eo.3 1 ,2p .c. Penn
sylvania RR. owns $754,000 of $1,500,000 bonds. Y. 55, p. 1078.
E a k n is -g s . —Fiscal year ends Deo. 31. Report for 1900, V. 72, p. 984
Yr.end. Dec.31.
Cross.
Net.
Interest.
*Balance.
1901 ........................$571,032
$110,141
$60,000
$50,141
1900......................... 541,629
103,442
60,000
48,442
* In 1900 6 p. o. was paid from accumulated surplus. In 1901, 2 p. c.
($40,000) was paid.— V. 72, p. 9 8 4 .
Brest,, M E. Ingalls. Bee report, V. 70, p. <81,
See text.
Sola
$ 1 2 6 ,0 0 0
stir. $5
120,000
lief,4
428,997
2,571,000
See text.
1952
Jan., 1916
Aug. 1, 1948
July 1, 1951
June 1, 1921
Oct. 1, 1950
Feb. 1, 1952
July 1, 1902
Jan. 1, 1943
Mar. 25, ’02 ,1
Mch. 1, 1927
Aug. 1, 1940
M. A S. N.Y.,J. P. Moreau A Co. Sept. 2,’02,2%
do
do
July 21,’ 02,114
Q .-J .
M. A N.
do
do
May 1, 1920
Aug. 1, 1936
Q .-F .
do
do
J. A D.
do
do
June 1, 1914
do
do
Jan. 1, 1934
J. A J.
July 1, 1919
Various
do
do
M. A N.
Nov. 1, 1912
do
do
July 1, 1940
do
do
J. A J.
do
do
Sept. 1, 194©
M. A 8.
Jan. 1, 1939
do
do
J. A J.
Nov. 1, 1990
M. A N.
do
do
July 1. 1991
do
do
J. A J.
J. & D.
June 1, 1993
do
do
6
M. A N.
5 g. J. A J.
5
do
do
do
do
May 1, ’02, 3%
Jan. 1. 1928
To 1905
C in c in n a ti R ic h m o n d Sc M u n c ie R R . —Cottage Grove, Ind.,
to North Jud 8on, 168 miles; under construction from North Judson to
Hammond, Ind. (near Chicago), 50 miles. In connection with the
Cincinnati & mdiana Western RR. (see above) will form a through
line between Cincinnati and Chicago, probably under the name of the
Chicago & Cincinnati Ry. V. 74, p. 1195. Laid with 70-lb. steel rails.
Stock authorized, $3,450,000. Roth issues of bonds are subject to
call at 110 after 10 years from their date. See iffleial statement, Y.
71, p. 1066; V. 74, p 1195. President, W. A. Bradford Jr.; H«e. and
Treas., R oger N. Allen, 40 W ater St., Boston.—(V. 74, p. 150, 267, 528,
1195.)
C learfield & M a h o n in g R y .—(Wee Map B uf. Roch. dt Pitts.)—Owns
road, completed in 1893, from D u Bois June, Penn., on Buff. R & P.,
to Clearfield on Beech Creek RR., 26 miles. Leased during corporate,
existence and renewals thereof to Buffalo Rooheste 1 A Pittsburg—
which see—at a rental payable in gold and equal to 6 per cent on
$750,000 stock, par $50, and 5 per cent on bonds, thelatrter being guar,
p. & i., by Indorsement on each. -S e e V. 61, p. 710.
C le v ela n d A k r o n <k C o lu m b u s R a il w a y .—Owns from H ud
son, 0 ., to Columbus, O., 144 miles; Dresden branob, Kilbuok to Trin-way, 33 miles; Apxfie Creek branch, 9 miles; coal sxmrs, 11 miles; total
owned, 197 miles; trackage rrinway to Zanesville, 17 miles.
Penn. Co. took control J u n e l, 1899, purchasing $2,237,500 o f the
$4,000,000 stock (par $ 100 ). Dividends, 2 p. e., paid Sept., 1901;
1902, Mar 25, 1 p. c Of the 1st consol gold 4s of 1900 commer
cial Trust Co. of Philadelphia, trustee), $1,800,000 are reserved to
retire the gen. 5s due 1927. V. 71, p. 390. Report for year ending
June 30, 1901, was in Y. 73, p. °55. In calendar year 1901, gross,
$1,250,913; net, $322,435; other income, $5,753; charges, $162,601;
div. (2 p. e.) paid Sept. 10,1901, $80,000;bal., sur.,$85,537.—(V. 73, p.
9 >5.)
C le v ela n d C in c in n a ti C h ica g o Sc St. L o u is R y .-fS e e Map.)—
R o a d .— Operates a system o f roads radiating fr in Indianapolis,
Ind., westerly to Chicago, Peoria, Cairo, 111., St. Louis, and east
erly to Sandusky. Cleveland, Columbus and Cincinnati, Ohio, and
southerly to Louisville, with branches. In July, 1901, control of the
Cincinnati Northern RR., Franklin, O., to Jaotcson, 'lich ., 205 miles,
was acquired by or in the Interest o f the comxiany. V. 73. p. 137, 497.
As shown on map the system com prises: H See this company.
Owned directly—
Miles.
Leased
controlled.
Miles.
Cleveland, 0 .,t o Colum bus,O.. 138 Cincinnati A Springfield Ry.—
Gallon, O., to Indianapolis....... 203
Lud.G’ ve( 6 m .fr.Cin.)toD ay’n 48
D e la w a r e to S p r in g fie ld ............. 50
a No debt, or bonds all owned.
C in cin n a ti to L a fa y e t t e ................ 1 7 5 Colurn, Hojte AGreensb’g RR.— 26
In d ia n a p o lis to T e r re H a u t e ___ 7 2
Trackage into Cincinnati, Ao. 32
H a r r is o n B r a n c h ...........................
7 Traokage into J efferson ville.> K~
Leased—entire st'k owned—
B. & O. 8 . W...........................£ 5 3
C incin . L a fa y e t te & ChJo. R y .— 5 7
C a iro V in c e n n e s A C hic. R y .—
C a iro, 111., to T ilto n & b r a n o h .2 6 7
St. L ou . D iv . T. H. to E. St. L .1 9 3
C olu m bu s S p rin g field & C in ,—
C olu m b u s, O ., t o S p rin g fie ld .. 4 5
W hite W a ter—H a r r is o n , D id., to
T o ta l in c lu d e d in e a r n s ... 1 .8 9 1
Operated; earns, kept separate—
P e o r ia A E a s t’ n R y (U>.—
K a n k a k e e A S e n e e a R R .—
M t. G ile a d S h o rt L in e ..............
352
42
2
Hagerstown, Ind...................... 62
T o ta l o f s y s te m J u n e 3 0 ,’ 0 1 .2 ,2 8 7
Cin. W abash & M ich ig a n R y .—
T r a o k a g e 01. C en t. In to O h io .. >
B e n to n H a rb . to K u sh v . A B r .2 4 9
O n p e r c e n ta g e b a s i s ............. J
O th er lin es ( a j .................................. 4 4
O p e r a te s h id o im n d e n tiy —
C in cin . S a n d u sk y A C le v e . R y .—
D a y to n A Uu, R R . (IT)..................
S a n d ’ sk y , O .,t o D a y t’ n ,O .e t0 .1 7 0 D o u b le t r a c k ................................... 6 0
T h e c o m p a n y is a lso o n e -fo u r th o w n e r o f P e o r ia A P ek in Uutoir R y .,
(th rou g h th e P e o r ia A E ast. R y .), o n e -s e v e n th o w n e r in T erm in a l R R .
A s s ’ n o f S t L ou is and tw o -fifth s o w n e r o f I n d ia n a p o lis U n ion Ry. an d
p a r t o w n e r o f D a y to n A U n ion , w h ich la o p e r a t e d in d e p e n d e n tly .
H i s t o r y , E t c .— a c o n s o lid a tio n o f th e C in cin n a ti In d ia n a p o lis S t.
L ou is A C h ic a g o R a ilw a y C o m p a n y , th e C lev ela n d C o lu m b u s C in cin
nati A In d ia n a p o lis R a ilw a y C o m p a n y and th e In d ia n a p o lis & at. lam ia
R a ilw a y C o m p a n y , m a d e In J u ly , 18 89 , p e r plan In V. 48, p. 4 2 7 . O f
th e c o m m o n s t o c k , ♦ 1 1 ,2 2 5 ,4 0 0 w as on J a n , l, 1901, o w n e d b y the
L ak e S h o re A M ich . Ho. R y., (Ids a m o u n t, to g e th e r w ith the p r iv a te
h o ld in g s In b o th s to c k s b y the V a n d e r iilit fa m ily , lu-ing u n d e r s to o d to
c o n s tit u t e a m a jo r ity o f th e e n tir e sh a re c a p ita l. ~V. 7 / , p. 80,
c a p i t a l S t o c k . On J a n . i , 1 8 9 0 , th e c o m m o n s t o c k w as $ 2 0 ,5 0 0 ,0 0 0 ; It has been In creased to p r e s e n t fig u re to acquit* s to c k s o f lin o s
a b s o r b e d , e tc. D iv id e n d s on c o m m o n s le e k w e re r esu m ed In 1900.
D lV’ liH.— ’ 9 0 fill ’ 0 2 ’ 93 ’ 9 4 ’ 95 '9 0 fi)7 '9 8 '9 9 ’ 0 9 ’o i
1902
O om . . ) 4 p. 0, 3
3
8
0
0
0
0
0
0
3 3 4
P r o f .. (
5
5
5
5
r>
5
5
2 fit 5 5 5 f* in c.J u ly ,3 iU
In 1901, o n c o m m o n , M ar., 1 p. c ,j Hep!.., 2 p. o. V. 7 3 , p M2.
fi«
B o n u s . -T i.c sin k in g fu nd p r o v isio n o f th e C li'oelm iil O u lu m tm s C i n
c i n n a t i < I n d i a n a p o li s consol. hon/tn (stu m p e d ) lias been c a n ce le d . T he
f.
p r in c ip a l o f th ese b o n d s is P a y a b le In g o ld , b u t th e In terest is p a y a b le
at o p tio n o f h old er e ith e r In la w fu l m o n e y a t 7 p e r e m it, nor an n u m o r
In British s te rlin g at. 0 p, o. O f the I n d i a n a p o l i s ■ HI. L o u is first 7 s
(*
series '* A " art J A J ,; series " B , " M, A H .; scrie s “ G,1 M A N,
’
St. L o u t s D iv is io n b o n d s , see doer) o f trust V. 52, p 42 4 >
A s to the C i n c in n a t i W a b a sh C Mich 4 p er d en ts, s e c V 52, p. 71.8,
T h e 100 i/c a r m ortgage, o f 1893 Is lim ited to $'>0 , 0 0 0 0 0 0
in J a n .,
1 9 0 2 , $ 2 2 ,0 2 3 ,0 0 0 g en era l 4s w e re re se r v e d fo r p r io r lion s (exclu siv e
o f G airo d iv is io n , P e o r ia d iv is io n , M ich ig a n d iv is io n and the Ht, L ou is
OD
INVESTORS’
SUPPLEMENT.
RAILROAD STOCKS AND BONDS,
J u l y , 1902.]
49
B onds-Princi
INTEREST OR DIVIDENDS.
pal, When Due.
Mil68 Date Size, or
Amount
Rate Per When Where Payable, and by Stocks—Last
of
Of
Par
For explanation of column headings, &o., see notes
Whom.
Road. Bonds V alue. Outstanding Cent. Payable
Dividend.
oa first page of tables.
R A ILR 0A D 8.
Oleve. Columb. Cin. < Indianap.—See C l e y e . Cin . Chic . & St . Louis.
6
Oleve. Indianap. St. Louis & Ohic.—See Cl e v . C in . Ch ic . & St . L ouis .
$5,000,000
New Y ork, 2 W all St.
$100
Oleveland Lorain < Wheel.—Pref. stock $5,000,000.
6
5,000,000
do
192 1893
1,000
5 g. A. & O.
Consol, mort. (now 1st) g. See text. C a m ----- c '
893,000
do
192 1896
1,000
General mortgage, $1,000,000, gold, red. 1 0 5 .N.
5 g- J. & D.
950,000
do
Con.ref. M., $10,000,000, g., red. at 1 0 2 hj.Col.c* . .. . 1900
1,000
d ^g. J. & J.
98,852
....
5
J. & J
Car trusts (due $6,302 monthly) June 30, 1901..
2,935,000
Olev. < M. V.—Con. M. (now 1st) $3,000,000,g.C e.e*i 125 1888 1 ,000 &(
£
5 g. See text N. Y. ,WIn slow.Lan. &Co.
1,250,000
413 g. M. & N. N. Y .,Farm . L. & T. Co.
1,000
Olev. < Mar.—1st M., s. f., not dr’n, gold. guar.F.e* 103 1895
&
11,226,150
Q .-M . N. Y., W inslow, Lanier.
D
O
7
(Jleve. Piltsb.—Stock, 7 p. 0. guar, by Penn. RR.Co
4,561,000
X
201 1892
4 ^ g.
do
do
1,000
4,713,000
do
do
g.
y
l°R 5 merles C * D ." c * 201 98-’ 00 1,000
Guar. p. < 1. .end.j Pa. R R . ^ggr< g ( [n^ red.
fe
439,000
201 1892
do
do
1,000
3h2g, A, & O.
Oleveland Terminal & Valley—See B alt . & Ohio .
2,500,000
200 1900
1,000
Ooahuila <■Pacific—1st M., gold, $ 2 ,5 0 0 /0 0 ---- c*
£
5 g. F. & A N. J., Title Guar. & Tr.
13 1868 100 &c.
600,000
J. & D. Phila., Read. Co. Office.
6
Oolebr 00kdale—IstM ., $593,400, und.Read.M .of’ 96c
1,446,000
1,000
Colorado Midland— 1st mort., $10,000,000.C e ...c * 259 1897
4 g. J. & J. N. Y ., Central Trust.
=
. . . . 1897
do
do
1,000 117,500,000
do
stamped, interest 4% in cash___
4 g- J. & J.
500,000
26is 1897
1,000
None ever paid.
Colorado <t Northwestern—1st M., gold. M e ............
5 g. M. & S.
100
31,000,000
....
Colorado < Southern- Common stock, $31,000,000 . . . .
£
8,500,000 See text
....
....
100
N. Y ., H allgarten & Co.
1st pref., 4 per cent, non-cam., $8,500,000..........
8,500,000
1882
100
2d pref., 4 per cent, non-cum., $8,500,000..........
18,350,000
1,000
1 st mortgage, gold, $ 20 ,000 ,000 ,C e .................. c* 1,086 1899
4 g- F. & A N. Y ., Central Trust Co.
400,729
Car trustfnotes Apr. 30,1902, due m onthly......... . . . . 1900
70 1900
1,000
1,992,000
Col. Sp. & Crip. Or. Dist. R y —IstM . $2,000,O00.Ce
5 g. J. & J. N.Y., Ch. Bk. & Col. Sp.
70 1901
1 ,000,000
1.000
2 d mortgage, $ 1 ,000 ,000 , gold, sinking fu n d ....
5 g- A. & O. Int.Tr.Co.Den.&Col.Sp.
899,000
75 1887
1,000
■Col. Newb. <•Laurens—1st M., $3,000,000-N H a...
£
6 g- J. & 1. Fa.&Mer.Nat.Bk.,Balt.
500,000
Col. Wyoming < Gt. No.—1st M., $6,O0O,GOO, g .. c* ___ 1895
£
Philadelphia.
5 g- M. & N.
700,000
71 1898
5 g. J. & D. N. Y ., N.Y. Sec. A Tr.Co.
Columbia Southern—1st M., gold, $2,100,000.N ...
Columbia <■ Greenville—See Southeen R y .............
£
C olu m bu s M ock. V al, & T oledo—See Hocking Valle y RyU In 1S01 and 1902 the int rest was paid $15 i n Jan. and $25 in J uly.
x Series “ A ” J. &. J; “ B” A. & 0.: y “ C ” M. & N.; ‘D ” F. & 4.
division west o f Terre Haute), and $11,748,000 for equipment, con
struction and betterments, etc., at the rate of $ 1 ,000,000 a year,
G e n e b a l F in a n c e s .— Guarantees interest on Louisville & Jefferson
ville bridge bonds jointly with the Ohes. & O. V. 68 , p. 822. In Mar,.
1900, dividends were resumed on com mon stock—see V. 70, p. 75. On
June 30,1901, owned stock in Chesapeake & Ohio representing an out
lay of $2,453,569.—V. 71, p. 398. fn Deo., 1900, purchased 2,400
freight cars, to be paid for in 60 monthly payments, with 5 per cent
interest.—Y. 71, p. 1269. Refunding in April, 1901, reduced interest
charge $ 86,000 yearly.
L a t e s t E a e n in g s .— From July 1 to May 31 (11 months.)—
llw io s .—
Qross.
Net.
Ini., die.
Bal., sur
1901-2................... $17,058,981 $ 4 ,4 3 8 /2 8 $2,557,849 $1,880,779
1900-1 .................. 16,170.533 4,584,343
2,672,545
1,911,798
A n n u a l R e p o e t .— Annual meeting last Wednesday in OotobA’ .
A dvance statement for 1901-2 (partly estimated) was in V. 75. p. 75.
Report for 1900-01 in V. 73, p. 491, 497. See also editorial, p. 472.
Tear end. June 30—
1902.
1901.
1900.
1899.
Miles operat. June 30
..........
1,891
1,891
1,838
Passenger earnings.
........
$4,979,652 $4,653,224 $4,245,036
F reigh t.........................................
11,640,003 10,867,502
9,226,534
..........
1,257,835
1,286,124
1,247,792
Mail, express, e t c ...
Total earnings...$18,71^,980 $17,877,490 $16,806,851 $14,719,362
Operig exp. < taxes. 13,744,132 12,755,638 11,749,264 10,645,556
fe
Net ea rn in gs.... $4,970,848 $5,121,852 $5,057,587 $4,073,807
Totainet incom e...... $5,045,848 $5,249,506 $5,140,520 $4,097,398
Interest on bonds.. } a< Qnn Q/la 5 $2,685,056 $2,661,442 $2,672,544
>
Rentals, e tc..............,
auu,>54=8 <
2 3 19 0 7
224.471
201.165
Dividends on p ref... (5 )5 0 0 /0 0 (5)500,000 (5)500,000 (5)500,000
Dividend on com ... (4)1,119,516 (3^)979,626 (3)839,840 ..................
Freight cats, e t c ....
602,654
567,852
821,567 .................
B alance................sur.2J,830 sur.$285,065 sur. $93,200 sur$723,689
O f f ic e r s .— President, M. E. Ingalls, Cincinnati, O ; Vice-President,
J. D. Layng, New York; Secretary, E. F. Osborn. Cincinnati, O.; Treas
urer, Chas. F. Cox, New York; Auditor, P. A Hewitt, Cincinnati, O.
Directors—Wbliiim K. Vanderbilt, Fred’k W. Vanderoilt. ChauncyAl. Depew,
J. Pierpont Morgan. H. M cR. Tw om bly, James D. Layr.g, William H. N ew
man, W alter K. Klls*. o f lew York; Alexander McDonald and M elville K . In
galls. Cincinnati; James* Barnett, Cleveland 0.
(V.73, p. 82, 137, 3 9 0 ,4 4 1 , 4 9 1 ,4 9 7 , 956, 1061, 1356; V.74, p. 679;
Y . 75, p. 7 5 .)
C le v e la n d L o r a i n fie W h e e l i n g M y . — ( S e e M a p B . <& O .) — O w n s
from L ora in , O ., to B r id g e p o r t,© ., o p p o s ite W h eelin g, W. V a .,1 5 8 m iles;
L ester t o C le v e la n d , 28 m iles, a n d b ra n ch to B e lla lr o , O ., 6 m iles;
to ta l, 192 m ile s, a n d h as tr a c k a g e In to W h eelin g.
H i s t o r y .—T h is r a i l w a y Is a c o n s o lid a tio n N o v . 2 3 ,1 8 9 3 , o f th e C. L.
A W. r a i lr o a d an d th e C lov e. & S o u th w e ste rn . (See V. 5 7 , p. 9 7 9 .) On
F eb. 1, 19 02 , B a lt. & O h io, h a v in g a c q u ir e d a m a jo r it y o f s t o c k , b eg a n
op e ra tin g th e r o a d . See th a t c o m p a n y a n d V. 7 2 , p. 4 8 0 ; V. 7 3 , p . 2 3 6 ,
S t o c k . -C o m m o n , $ 8 ,0 0 0 ,0 0 0 , a n d p r e fe r r e d , n o n -e u m u la tiv e , 5 p. e.,
$ 5 ,0 0 0 ,0 0 0 , p a r $ 1 0 0 . A ft e r d iv id e n d s o f 5 p. c. h a v e b e e n p a id o n the
p r e fe rr e d a n d c o m m o n , b oth s t o c k s sh a r e a lik e ,—V . 6 0 , p. 1 0 5 8 .
DlVini.Ni.iH, On p r e f e r r e d in 1 8 9 6 . 3 p . o.; n o n e sin ce .
B o n d s .—Of the $ 1 0 ,0 0 0 ,0 0 0 c o n s o l, r e fu n d in g g o ld 4*s». $ 5 ,0 0 0 ,0 0 0
a rc re se r v e d to re tir e first 5 «, $ 1 ,0 0 0 ,0 0 0 fo r g e n e r a l 5 s d u e J u n e 1,
19 38 , rem a in d er fo r Im p ro v e m e n ts , etc. V. 7 0 . p. 2 3 0 , 48 0. A b o u t $1 ,0 0 0 ,0 0 0 c o n s o l. 5s o f 1 8 9 3 a rc sta m p e d s u b je c t to c a ll a t 110. (>11 .Jtily 1,
1901, b ills p a y a b le fo r e q u lp in ’ t . $ 4 0 3 ,1 4 0 ; real esta te m orta ., $ 10 0,00 0.
R e p o r t , -R e p o r t fo r y e a r e n d in g J u n e 3 0 , 1,00 1 , w rb in V. 7 3 , p, l» 3,
sh ow in g g r o s s ,$ 2 ,0 6 3 ,6 5 3 ; n et, $ 0 8 5 ,2 8 5 ; In te re st on b o n d s , $ 3 3 7 ,4 0 0 ;
Interest on c a r tru sts, d o . , $3 7 ,4 15; b a la n c e , $ 3 1 0 ,4 7 0 . 1899 0 , g ro s s,
$ 2 ,0 9 2 ,5 7 2 ; n et, $ 6 3 1 ,4 1 5 . (V . 7 2 , p. 4 8 0 ; V. 7 3 , p . 2 3 0 , 9 5 3 . ;
C l e v e l a n d fie V l n h o n l n g V a l l e y K y , —O w n s from C le v e la n d ,
O ,, to S h a ron , f ’a .,8 1 m ile* [5 7 d o u b le tr a c k ]; N iles, O., to N e w L is b o n ,
O., and b ra n ch es, 44 m iles. Leased to N y p a n o HR. (fo r m e r ly N. Y .,
P enn. < . O h io) till 1 9 8 2 ; ren ta l $ 5 1 4 ,1 8 0 p e r a n n u m . C o u p o n in terest
V
is J- A. J ., reg istered In terest, Q, ,1. S to ck Is $ 3 ,2 5 9 ,2 0 0 , o f w hich
$ 2 ,7 5 -,2 5 0 Is held by " A t la n t ic First, Leased L in es R e n ta l T r u s t C o.,
L im ite d ," o f L o n d o n ,
D iv id e n d s In 1897, 13% p. n .;1 8 0 8 1.0 1 9 0 2 ,
b o th in c lu s iv e , 13»s p, 0 . y e a r ly . - (V , 6 3 , p. 0(18.)
C l e v e l a n d fie .V la r le U n K y . — w n s from M arietta, O-, to C an al
-O
D o v e r , 103 m iles, and b r a n ch 7- roil ch, Z oa r, O ,. to C a n a l im v e r , lea sed.
P e n n s y lv a n ia fio. ob ta in e d c o n t r o l in N ov ., 1 8 9 8 , h avttig p u rch a sed
a b o u t tw o -th ird s o f th e R o c k , and to o k c h a r g e Ja n . I, 1900, the n et
r e v e n u e o v e r o p e r a t in g e x p e n s e s , ta x e s a m i In te re st on b o n d s b ein g
retu rn ed to the c o m p a n y , Htook,.$ 2 ,0 0 0 ,0 0 0 pa r $ 1 0 0 . V. 0 9 , p. 1 3 4 . .
0
B o n o s .—G u a ra n teed p rin . and Jnt. b y P en n . On. 8Ink. fu n d 1 p, c.
R ki -o h t for 1809 In V. 7 0 , p , 10 to. In 1.003 g ro s s 1 6 0 1 ,1 5 1 ; net,
$ 1 3 9 ,1 8 7 ; in terest on b o n d s , $5(5,250; Im p ro v e m e n ts , e tc ,, $ 4 * 4 1 5 ; 0 ala nee, sur. fo r y e a r, $ 3 4 ,5 2 1 .
fn 19 00 , g ro s s , $ 5 9 3 ,7 3 5 ; n et, ,f 132,.
8 4 1 .— (V. 69, p. 18 45 ; V . t v , p. I 0 4 5 .)
C le v e la n d A P i t t s b u r g K i t .—( Her Map Pennsylvania R ailroad)
C levela n d , O .,t o R o ch e ste r, P a., 1 24 m iles; b ra n ch ed B a y a rd , O .,to New
P h ila delph ia, 31 m iles; Y e llo w C reek to B ella lro, 43 m . . b a lln e v llle to
Goal M ines. 3m .; tra ck a g e . R o c h e ste r to P ittsb u rg (P itm i,. Ft. W a yn e
A C hle.). 26 m iles; to t s l. 2 2 7 m iles.
Oct., ’ 9 6 ,1 %
Oct. 1, 1933
June 1, 1936
Jan. 1, 1930
M’thly to 1903
Jan. 1, 1938
May 1, 1935
J u n e l ,’ 0 2 ,1%
Jan.-Oct.-’42
1948 1950
Apr. 1, 1942
Feb.
June
July
July
Sept.
1,
1,
1,
1,
1,
1930
1898
1947
1947
1947
Apr. i , ’02, lhi
Feb. 1,
To Sept.,
Jan. 1,
Apr. 1,
July 1,
May 1,
Dec. 1,
1929
1906
1930
1921
1937
1925
1948
L ease —Leased for 999 years, Deo. 1,1871, to Penn. RR. Co., and lease
transferred to Pennsylvania Co. Rental, 7 p. c. on $11,226,050 stock,
interest on bonds and organization expenses.
Bonds .—Generals are all equally secured; guaranty. V. 5 6 ,p. 604.
E a e n i n g s .— R e p o r t f o r y e a r e n d in g D e c . 3L, 1900, w a s g iv e n in V.
72, p.773. In 19 1, g r o s s e a r n s ., $5,484,074 ; n e t, $1,945,118; profit to
lessee w a s $739,307.—(V. 73, p. 783, 1159; V. 75, p. 134.)
C le v ela n d T e r m in a l & V a lle y R R . - See Map Baltimore &
Ohio. Owns from Cleveland, Ohio, to Y alley Junotion, 75 m iles;
sidings, 67 miles. Successor, as per plan in V. 60, p. 437 and V. 61, p.
70, to Yalley Ry. (of Ohio), sold in foreclosure Sept. 10, 1895.
Stock —Of the $5,200,000 common (par $50) B. & O. owns $4,594,300
w m m on and of the $2,200,000 preferred, $949,200; par $100.
B onds —The first mort. bonds are guaranteed, principal and interest,
by the B. & O., endorsed; interest is paid regularly from earnings. A
majority is stamped as subject to call on 60 days’ notice at par and
Interest on or before May 1, 1904.—V. 71, p. 913. Car trust lease w ar
rants (5s), $219,000, due $27,000 May 1 yearly to 1909, inclusive.
E aenings .—Y ear 1900-1901, gross, $1,106,763; net incom e $370,419;
Interest, etc.. $262,343; surplus, used for improvements, $108,076.—
(Y. 71, p. 913.)
C o a liu lla fic P acific R y .—Saltillo to Torreon, M exico, 200 miles;
com pleted June, 1902. Stock, authorized, $1,500,000; outstand
ing, $1,498,000; par of shares, $100. M oitgage trustee, New Jersey
Title Guarantee & Trust Co. See V. 72. p. 872. President, J. J. Detwiller; Treas., H. T Lilliendalil, 15 Exchange Place, Jersey City, N. J.
—(V. 72, p. 872; V. 73, p. 1263.)
C o le b ro o k d a le R R . —Pottstow n to Barto, Pa., 12’ 84 miles.
Leased to Phila. & Reading Ry. Common stock, $297,215; par $50.
C o lo ra d o M id la n d R y .—Owns from Colorado Springs to New
Castle, Col., 234 miles, including Snowden to Leadville, 8 m., not o p
erated; Snowdefi to Arkansas Jot., 6 m., Jerome Park branch, 15
miles; Aspen branch, 20 m.; spurs to quarries, 2 m.; Busk Tunnel,
2 miles; total owned, 279 miles. Leases New Castle to Rifle Creek, 14
miles, and Rio Grande Junotion RR., Rifle Creek, Col., to Grand Junc
tion, 63 m iles; total owned and leased, 356 miles.
O eganization .—Successor Oct., 1897. to the Colorado Midland Rail
road, foreclosed and reorganized per p la n in V. 64, p. 1 2 2 4 , 1 2 2 6 .
In May, 1900, a majority of stock was purchased iu the jo in t interest
o f the Colorado & Southern (Hawley interests in control in April, 1902,)
and Rio Grande Western (succeeded to by the Gould interests).—V. 70,
p. 686, 791, 997. 1290; V. 71, p. 28; V. 73, p. 1111. No stock, it was
stated, is held by the public.
B onds .—In June, 1900, the $7,500,000 2, 3, 4s were made full 4 per
cent bonds, and the right to issue $500,000 prior lien4s was waived;
V. 70, p. 1290; see also V. 71, p. 1 3 9 . - tV. 72, p. 821.)
R e i -o e t .—R eport fo r year ending June 3 0,1 90 1 , iu V. 73, p . 8 4 1 :
T’ rs. e n d . J u n e 3 0 — G ro ss.
N e t.
M isc.inc. C h a r g e s .
Surp.
1 9 0 0 - 1 .................. $ 2 ,3 8 5 ,1 8 4 $ 6 8 3 ,2 1 5 $ 3 4 ,2 6 9 $ 5 1 5 ,7 0 9 $ 2 0 1 ,7 7 5
1 8 9 9 -0 ................... 2 ,1 9 7 ,0 3 7
6 2 5 ,9 9 2
1 5 ,4 4 8
5 6 5 ,0 0 1
7 6 ,4 3 9
O f f i c e r s .— P r e s id e n t, F r a n k T r u m b u ll; V i c e - P it s ., G eo. W . K r a m e r
T r e a s ., H . B . H e n s o n ; S eo , H a r r y B r o n n e r , 7 4 B r o a d w a y ,N e w Y o r k .
Directors.—Grenville M. Dodge. floury Budge, .J. Kennedy Tod, B .C .H e n f i o r <11. George J. Gould. BMwhuGould, WIubIuW 8. Pierce, Geo. YY. Kramer, 13,
T. Jeffery and Frank Trumbull.
- (V . 7 1 , p . I 3 9 ; V . 7 2 , p. 8 2 1 ; V . 7 3 , p . 8 4 1 . I l l 1 ,1 3 1 2 .)
C o l o r a d o fic N o r t h w e s t e r n R y . —B o u ld e r to W a rd , C o l., 2 6 1
g
m ile s , o p e r a te d from O c t , 1898. In M ay. 1902. fo r e c lo s u r e su it
was b e g u n . (V . 74, p, 9 8 6 .) S to ck , $ 5 0 0 ,0 0 0 ; p a r $ 1 0 0 . all issued,
in A p r ., 19 02 , C ol. 8. B. Dick h ad an option on 1 ho ro a d , w h ich
w as p r o p o s e d to be u sed as p a r t o f e x te n s io n 10 S a lt bulro c i t y . V.
74, p. 7 2 7 . Y ear e n d in g J u n e 30 19 01 , gross, $ 0 4 ,1 4 8 ; Bet. $ 6 ,1 1 2 .
P res., W. O. C u lb e rts o n , Girard, P a , - V . 7 3 , p. 662; V. 71, p. 98 0.
C o l o r a d o fie S o u l I t e m R y , — (,SVo M a p ) -O p e ra te s from O r In
J u n c tio n , W y o m in g , th rou g h C o lo r a d o to F o r t W o r th , T e x a s , v iz.
lAnrs mwltA,
Mile*.
Mile*.
Cheyenne 1.0 urlu Junotion......... IM
o t h e r lines, hr., etc. (H it our. gnu.) H 6
H
Denver t.o Ikmgomer J u lie t, C ob .. 128 Trticktegr- Pueblo to Waiscnburg
Denver to Leadv, (narrowgauge). lot
(>8
( D e n v e r * Itlo B r a n d o)..............
Como to Baldwin Mine ( do ). 1:11
Trinidad, Cob, to Texas State lino lar. |
Total owned and loaned.......... 1,113
-ilxo ha* large inter eel In Fori Worth ,v Deliver City Ity., 160 in Ilea.
Hits tru ll ) 0 and tr a c k a g e a g r e e m e n t w ith U n ion P a cific, c o im e e t in g
the C h ey en n e A N or. D iv is io n w ith the ay stem a t G re e le y an d D en v er;
a lso o v e r A t c h is o n tra ck s, D e n v e r to Pm Ido, C ol. V. 0 9 p. 1 ,9 ,
O r g a n i z a t i o n .- S u cce e d e d on Ja n . n , ih o d , per plan in v . 07 , p.
7 4 8 , the U n ion P&eltio D e n v e r A G u lf an d D e n v e r L e a d v ille f i t Clunn lsoii. O w n s a la rg o m a jo r ity of tiie c o m m o n s to ck o f F o r t W o rth fit
D e n v e r City B y ., w h ich see. C o lo ra d o M id la n d Is c o n t r o lle d Jointly b y
C o lo r a d o A 8 0 1 1 Uiern an d Itlo G ra n d e W estern
V, 7 0 , i>. 7 3 0 . In M ar.,
19 02 , K dw lli H a w le y , P residen t o f M lunen pulii* A 8 t. L ou is U R „ a n d
11 i-m elales, a cq u ired c o n tr o l, T h e roa d , ll t> d a ted , w ill be o p e r a te d
In d e p e n d e n tly o f an y o th e r s j stoui. V. 7 4 , p. (179,727,
V o t i n g T muht
A ll c la s se s o f s to ck are vested in th e v o tin g fruat.oen, G re n v ille .M. D od ge, F r e d e ric P G lco tt, H a rry W a lters, H en ry
B u d g e and J. K e n n e d y T o d u ntil Ju u . 1, 1 9 0 4 , a n d then u ntil th e first
p re fe rre d s to ck sh all h a v e r e ce iv e d » 1 p er c e n t tin nil d iv id e n d fo r
three c o n s e c u t iv e y e a r '. T h e v o tin g tru stees m a y , h o w e v e r , d e liv e r
the s t o c k at a n y e a r lie r ila le .
IN V E S T O R S ’
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K A1LK0 A D
J u l y . 1902.]
STOCKS
AND
BONDS.
di
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal, When Due.
Amount
of
Rate Per When Where Payable, and by Stocks—Last
Par
of
For explanation of column headings, &c., see note
Whom.
Road. Bonds Value. Outstanding
Cent. Payable
on first page o f tables.
Dividend.
Ool. San. < Sock. RR.—New reo’ s e tfs .,$1,200,000
£
1897-8
1st mortgage (prior lien), $2,000,000, golcLMe.c* 227 1895 $1,000
1,000
General mortgage, $10,000,000, g o l d .M p ....... c x 227 1895
1895
Income bonds, non-cumulative, g o ld ....................
'4 1890
Zanesville Term’l Co. 1st m. for $500,000, gold.c*
1,000
CoL Ter. & Transf. mtge. $350,000, gu. 0. S.& H. . . . . 1893
1,000
R eceiver’s certificates (old Co.) out in July, 1896
1895
Columbus < Toledo—See H o c k in g V a l l e y R y .
£
55
Columbus <. Xenia—Stock, 8 per cent rental............
£
50
. . . . 1895 500&C.
Combination Bridge ( Sioux City, la .)—1st M ........
71 1894
Concord < Claremont (N. S . —1 st m ortgage........ 0
£
1,000
Concord < Montreal—Stock, Class I. (B. C. & M. pf.) . . . .
£
....
100
....
....
8toek, Class II (B. C. & M. n ew )................................
100
....
Stock, Class H I. (B. C. & M. old stock )..................
—
100
Stock, Class IV. (Concord) $6,000,000 auth. Text . . . .
100
166 1881
Bost. Con. & Mon. improvement m ortgage......... c
1,000
Concord & Montreal con. M. for$5,500,000.H B .c* 262 1890
1,000
. . . . '97-’99 1,000
Debenture bonds, $1,150,000, currency............ c*
Do
do
$1,000,000, int. g u a r.............
1900
Concord < Ports.—Stock,7 p .c .m ’l, 99yrs. Conc’d .. 40 ia
£
100
Conn. < Possum.—Pref. stock, 6 p. c. rent’1,99 yrs.c* . . . .
£
....
100
110 1893
1st mortgage $1,900,000, gold..............................c
1,000
....
Massawippi st’k, guar.same div. as Conn. & Pass.
37
100
22 1881
Newport & Richford 1st mort. guar, b y C. & P.c*
1,000
80
....
■Connecticut Rivet— Stock ($2,670,000 authorized)..
100
Scrip, redeemable in ten years in cash or b on d s..
80 1893
. . . . 1893
Bonds, not mortgage, for $1,000,000, gold ........ c
i,6 o o
.... 1901 1,000
Bonds, not m ortgage.................................
Connecting (Philo.)—1st M., gu. p. & i. Pa. RR. en. c 6'75 1864
1,000
1st mortgage, refunding, $1,000,000, gold ....... c ' 6'75 1900
1,000
7 1883
Phil. Germ. < Chest. H ill 1st M., gu. by Pa. R.y.r
fc
1,000
36 1902
1,000
New mortgage, $5,000,000......................................
■Comxcall <. Lebanon.—Stock......................................
£
24
....
50
D i v i d e n d s .—D iv . on 1st pref., 1900, 2 p. o.; in 1901, Feb., 2 p. c.,
lo r calendar year 1900: Oct. 1 ,1 9 0 1 ,1^2 p. c.; in 1902, Apr., l 1 p.
^
B o n d s .—The new m ortgage is a first lien on all the road, equipment
and other property, $1,950,000 being reserved for the acquisition of
coal properties, and for future additions, betterments, equipments,
etc., at not exceeding $300,000 a year. Statement to the New Y ork
8tock Exchange in V. 68, p. 1027.
E a r n in g s — 11 mos., S1901-2.........Gross, $5,045,923; net, $1,359,366
J u l y l to May 31.
<1900-1.........Gross, 4,301,608; net, 1,122,519
For 10 m is. ending Apr. 30, 1902 net, $1,231,319, against $1,031,884 in 1900-1; other income, $15,371, int., taxes, etc., $784,233; bal.,
sur., $462,457.
A n n u a l R e p o e t .— Fiscal tea r ends June 30. Second report of new
com pany covering operations for fiscal year ending June 30, 1901,
was in V. 73, p. 611, showing:
12 Months.
12 Months.
6 Months.
Tear ending June 30—
1900-01.
1899-00.
1899.
Gross e a rn in g s
............$4,794,649
$4,237,743
$1,804,507
Operating expenses & taxes.. 3,712,300
3,330,774
1,402,259
Net earnings......................... $1,082,349
Total net in c o m e .......................$1,124,524
Interest on bonds, etc...............
718,876
$906,969
$945,390
700,046
$402,248
$418,224
293,770
Balance, surplus................ $405,648
$245,344
$124,454
‘ Dividends on 1st p re f.. (3»*%)$297,500 (2% )$170,000
............. ...
* Paid from total surplus, which June 3 0,1 90 1 , was $435,446.
O f f i c e r s .— Chairman, Grenville M. Dodge, New York City; Presi
dent and General Manager, Frank Trumbull, Denver, Col.; Secretary
and Treasurer, H arry Bronner, 74 Broadway, New York City.
D irectors.— renville M. Dodge, H enrv Budge. J. Kennedy Ted, Frederic P.
G
Olcott, John J. Em ery, Edward J. Berwiod Edward C. Henderson, A doloh
Lewisohn, Edwin Hawley and H arry Bronner, New York City; Harry Walters,
Baltimore, Md.; Norman B. Beam, Chicago, 111.; Frank Trum bull, Denver, Col.
—(V. 73, p. 444, 6 1 I ; V. 74, p. 91, 679, 727, 9s6, 1355.)
C o lo ra d o S p rin g * Sc C ripple Creek D is tr ic t R y .-C o lo r a d o
Springs to Cripple Creek, Col., 45 miles; branches, 25 miles; total, 70
miles, the main line being operated from April 9, 1901, and balance in
Nov., 1901. V. 70, p. 328; V. 72, p. 626. Owned by th eow n ersof
principal mines o f « n p p .e Creek District
Stock, all outstanding, common, $1,200,000; preferred, 5 p. c. noncom ., $ 800 ,000 . Par of shares, $100 each. Beginning Jan. 1, 1901, a
sinking fund o f 5 per cent of gross earnings for preceding year can re
tire first mortgage bonds yearly at 110 for the first 15 years, then at
107ht foi
, th e n 105 fo r the n ext five yearti, then 102*2 for th r e e
y e a r s , th e r e a fte r a t p a r. O f th e s e c o n d m o r tg a g e b o n d s th e I n t e r n a
tion a l T r u s t Co. o f D e n v e r is tr u ste e . $ 9 0 0 ,0 0 0 h a v e b e e n s o ld . P res.,
Irving H o w b e r t; S ee., E. F . Draper; Treas., F . M. W o o d s .— (V , 6 9 , p .
1147; V. 7 0 , p, 7 5 , 175, 3 2 8 ; V , 72, p . 6 2 6 , 6 7 5 ; V 7 3 , p . 11 11 .)
$1,056,900
See text.
7,466,770
1,632,899
453.000
341,000
500,000
5&
5
4
4
5
5
6
6 Semi-an Columh’s,0.,R eo’rs’ Off.
g. A, & O. A pr.,’ 97,coup.last paid. Oct. 1, 1900
None paid in cash.
g. J .'& J.
Jan. 1, 1946
F. & A.
1945
g. J. & J. J an. ,’97, coup, last paid. July 1, 1940
M. & S.
1943
1,786,200 See text. Q .-M . Columbus, O., Treasurer J’ ne 10,’ 02,2%
517,400
5
J, & J. N. Y ., H anover N. Bk. July 1, 1915
500,000
4^3 J. & J. B6st., N.Bk o f Redemp. Jan. 1, 1914
800,000
Q .-J .
7
See text.
J u l y l ’02,1%%
540,400
do
7
July 1’02,1%%
Q .-J .
459,600
do
7
J o l y l ’02,1%%
Q .-J 5,397,600
do
7
Q .-J .
J u l y l ’02,1%%
500,000
6
J. & J. B ’ ston.Faneuil H allB ’k Jan. 1, 1911
5,000,000
J. & D. Boston Safe D. & Tr.Co. June 1, 1920
4
1,050,000 343 & 4 J. & D. Bos. S.D. & Tr., Boston. June 1, 1920
500,000
do
do
June 1, 1920
3)3 J. & D.
350,000
J. & J.
Manchester, N. H.
7
J u ly ,’ 02 , 313 %
2,500,000
F. & A. Boston, 8. Dep. & Tr. Co. A u g .l, ’02, 3%
6
1,900,000
do
do
Apr. 1, 1943
4 g- A. & O.
400,000
F. & A.
do
do
6
A u g.,1902, 3%
350,000
J. & J.
do
do
5
Jan. 1, 1911
2,630.000
J. & J.
Boston, Mass.
10
J u l y l , ’02 5%
1,290,000
4
J. & J. Springfield or Boston. Jan. 1, 1903
Boston, Mass.
4 g. M. & S.
Sept. 1, 1943
1,000,000
do
do
Jan. 1, 1921
290,000
313 J. & J.
do
do
M.15 &S
6
599,000
Sept. 15 ’02-’04
193,000
343 g- M 15 & S Phila., Broad St. Stat’n. Sept. 15,1930
443 M. & N.
do
do
1,000,000
May 1, 1913
313 g. M.15&S Co.’ s off., Lebanon, Pa. Mar. 15, 1932
(1 )
do
dn
800,000 5 i3 in ’02 F. & A.
July 31 ’02,3%
The bonds deposited with the Carlisle committee were returned to
the holders; but see Y. 7 «, p. 883, 986, 1308.
S t o c k , E t c .— Common, $7,500,000 authorized; outstanding, $3,348,.
S92; pref. 4 p. c., cum., $4,041,000; par, $100. First M. scrip, $79,873.
Prior lien bonds outstanding, $707,874, as shown by receiver’s broks
June, 19o2; decree of Nov. 2 5 ,1 9 0 1 , holds that $1,200 000 are abso
lutely held by various owners and the remaining $800,000 in trust for
scrip issued as collateral for M onsarrat certificates, floating debt, etc.
A n n u a l R e p o r t .— For year ending June 30,1902, gross, $1,201,683Sears ending June 30—
1901.
1900.
1899.
1898.
Gross earnings................ $1,064,150 $1,064,028 $837,368 $795,793
Net earnings.....................
164,8 "0
192,545
80,187
113,044
—(Y. 73, p. 553, 1263; V. 74, p, 883, 986, 1308.)
C o lu m b u s W e lls t o n & S o u th e rn R R . —Lancaster Junction,
O., at a connection with the Penn R R ., to South Bloom ingville, 34
miles Sold on Dec. 4, 1901, under order of court and bid in by J. G.
Reeves, of Lancaster, O., for him self and Boston capitalists, who pro
pose to com plete the line. V. 73, p. 1206.—(V. 73, p. 1207.)
C o lu m b u s Sc X e n ia R R . —Owns from Columbus, O,, to Xenia, O.,
55 miles. Operated as a division of the Little Miami, and is leased for
99 years from December, 1869, in connection with that road, to the Pitts
burg Cincinnati Chicago & St. Louis, which pay's 8 per cent on stock,
b u tln March, 1901, the 25 per cent from assets was discontinued for
the present. The lease Is guaranteed by the Pennsylvania RR. Co. The
C. < X . form erly paid 8% per cent dividend (2S out of assets) per annu m ,
fc
2 i5 per oent March 10 and September 10 and 2 oer cent June 10 and
Dec. 10, but in March, 19C1, the % per cent from assets was discon
tinued for the present.—(V. 72, p. 532.)
C o m b in a tio n R r id g e (S io u x C ity, l a .) —Owns steel bridge
1940 feet long over Missouri R iver, with approaches, 1 mile, used by
railroads and streetcars and as a highway. Stock, $1,500,000, all com
m on and all outstanding. M ortgage trustee, Union Trust Co., Indian
apolis, Ind. Prest., John Ellis, Kewanee, 111.; Treas., T. A. Stoddard,
8t. Louis, Mo.; Secy., F. L. Eaton, Sioux City, la .—V. 70, p. 841.
C o n co rd Sc M o n tr e a l R R . —From Nashua, N. H., via Con
cord, Plymouth, etc., to Groveton and the White Mountains, 450
miles in all, (including Manchester & Keene, 30 miles, owned Jointly,
414 miles; 35 miles double track. A branch from Concord to Hudson
N. H., about 35 miles, to be operated electrically, is under construction
(10 miles completed in Mar., 1902); $l,000,00u bouds will be issued
therefor.
V. 71, p. 698, 751; V. 74, p. 727. On June 29, 1895, leased
to Boston & Maine for 91 years at rental of 7 p. o. per annum on all
s to ck .-(V , 74, p 727.)
C o n co rd Sc P o r ts m o u t h R R . —Owns Portsmouth, N. H., to
Manchester, N. H., 4 0 13 miles. Leased to Concord RR. in 1862 for 99
years; rental, $25,000; 7 p. c. on stock and organization expenses.
C o n n e cticu t Sc P a * * u m p * tc R i v e r * R R . —W h ite R iv e r J u n o .,
V t., to C a n a d a L in e , 1 1 0 m .; Leasee 9 9 9 y e a r s M a ss a w ip p i V a lle y , 3 7 m
L e a s e .— F ro m
J a n u a r y 1, 1 8 8 7 ,
le a se d
to
th e
B o s to n
&
L o w e ll fo r 99 y ea rs on a basis t o p a y C o n n e c tic u t & P a sstu n p sio s t o o k
5 p er c e n t till J a n u a r y , 1 8 9 7 , in c lu s iv e , a n d 6 p e r c e n t th e r e a fte r
s e c u r i t i e s .— M a s sa w ip p i s t o c k r e ce iv e s sa m e d iv id e n d s as s to o k o f
le s s e e ,a n d $ 4 0 0 ,0 0 0 o f it [n o t In clu d e d in th e am ount, o u ts t a n d in g !
C o l u m b i a H a l l w a y Sc N a v i g a t i o n C o , - V . 74, p. 1195.
is p le d g e d as p a r t s e c u r it y ifo r 4 s o f 1 8 9 3
O f th e $ 2 ,5 0 0 0 0 0
p r e fe rr e d , $ 5 0 0 ,0 0 0 , a s a ls o $ 5 0 ,0 0 0 M a s s a w ip p i V a lley Ky. s t o c k
< o l ii m b l a s o u t h e r n R y . - O w n s from B ig g s, O re., sou th to S b aare r e p r e s e n te d b y C o n n e c t ic u t T r u s t & B afe D ep osit. C o. o f H a r tfo r d
1) 11: 0 ,7 1 nulloH, In J a n ., 10 02 . th e C o lu m b ia S ou th ern R y . E x te n s io n
Co, w as o r g a n iz e d , w ith $ 1 ,0 0 0 ,0 0 0 a u th orized s lo c k , to 'build an e x 5 p e r c e n t tr u s t c e r t ific a te s , u n d e r w h ic h th e V e r m o n t V a lle y h a s th e
r ig h t fo r 45 y e a r s from A u g . l , 1 8 8 5 , to p u r c h a s e th e tru st s t o c k a t
ten sion from .ib a n ik o to B en d , 1 0 0 m iles, w ith b r a n c h e s to A sh w o o d
p u r and in te r e s t a n d in th e m e a n tim e r e c e iv e s all d iv id e n d s a b o v e 5
and P riooviU e, .fin .i.o o took an d $ 1 4 ,0 0 0 fifty -y e a r 5 p er c e n t g old
p e r c e n t p er a n n u m o n th e s t o c k d e p o s it e d in tr u s t.— (V . 5 7 , p. 1 0 4 0 .)
b on d s p er m ile to b e 1- -med th e re o n .
Of the 5s o f l H H $272,000 was issuable at once, and remainder,
U
C o n n e c t i c u t R i v e r R R . —O w n s fro m B prin gtield, M ass., to
fR $10,000 per m ile,on additional road. Block, $300,000. The intire K een e, N. H ., 74 m ile s (d o u b le tr a c k e d , 3 6 m i l e s ) ; b r a n c h e s , 0 m iles.
$700,000 bonds are, owned by Oregon R li. & Nav. Co. Year ending
L e a s e . - - L ea sed fo r 99 y e a r s from J a n . 1, 1893, to th e B oston *
.Line 30, 1901. g r o - ■ $154,978; net, $04,3 )4; taxes and in tores t, M ain e, a n n u a l ren tal (as a m e n d e d O ct. 1 0 , 1 8 9 5 ) b ein g 1 0 p e r o e n t p er
.
$34,991; ba],. fv; r., $29,400. Pre.sldcnt, E. K. By tie; Secretary, May an n u m on c a p ita l s t o c k ), p a y a b le d ir e c tly to th e s t o c k h o ld e r s In sem i
-Enright, Port! md. Ore. (V. 7.1, p. 341.)
a n n u a l In sta lm en ts J a n . 1 a n d J u ly 1, an d in a d d itio n th e r e to interest
on b o n d s an d s c r ip arid $ 2 ,0 0 0 ror o r g a n iz a tio n e x p e n s e s . L essee p a ys
C o lu m b u s A: C i n c in n a t i J ll d i n m l I t i t . —V. 09, p. 743.
all ta x e s , o p e r a t in g e x p e n s e s , e tc ., b u t le s s o r shall issu e its s t o c k o r
C o l n m b u * f l o c k . V o l l e y A: T o l . —B e e HOOKING V A L U ,v H r.
b o n d s fo r p e r m a n e n t I m p r o v e m e n t s .--(V . 7 2 , p. BO.)
Co I ti m b ii * L im it A; .M ilw a u k e e f t y . Owns railroad from
C o n n e c t i n g ; I t j , ( I ’ h l l a d e l p h I a ).* —O w n s fro m Mantua J u n c t io n
htoift, <>.. to Defiance, jo miles; almost, completed. On I>cc. 1, ]899,
H, G. linker wu •appointed, receiver on ground or default In $42,000 to Fntnkfcdnl J u n c t io n , I’ a., 7 m iles; G e rm a n to w n J u n c t io n to ( ‘lm stloan. V, 69, p, 1108, 1193, Boll in foreclosure OB Mar 25, 1 02. to m il I (Hi. 7 m iles; b r a n c h e s , e tc ., 29 m iles; tota l, a b o u t 3 6 m iles. A
J oh n D Roci..•feller, who took pOssc-.-dou Jilin- U , 1902; sab hn ■ c o n s o lid a tio n J a n . 1, 19 0 2 , w ith tin P h ila d e lp h ia G e rm a n to w n *
C h e stn u t H ill, K e n s in g to n A T u r o ji< an d o th e r s u b s id ia r y r o a d s o f the
been coni;rinmi. in J ut,-, i « 2, a reorganization pi.in •.-.<• in pmnnru
.• •
P e n n s y lv a n ia R R . - V. 7 3 , p, 39 0. hi ,nek nuthorlziM l. $r> j-«K),o<>0 ; o u t
tlon V. 74, p. 67.1. 1 195. Stock authorized, $1,000,000; par, $ lo o .
s ta n d in g , $ 8 ,6 1 3 ,6 5 9 ; a ll o w n e d by P e n n s y lv a n ia H i:
In .May. 19 02 ,
(V. 74, p. 980,1 195, 1307.)
filed ft $ 6 ,0 0 0 ,0 0 0 m o r tg a g e to J o h n P. G reen n. tr u ste e ,- (V. 7 3 »
C o l n m b u * Si. i k J ii » U y Sc f l m - k l n g H i t . — R o a d H.ihdn. !;y via
3 9 0 ; V, 7 4 , p. 1088.)
C olu m bu s to Z a n esv ille and so u th e rly to d o n a t o r , H haw nee and
C o r n w a l l l i H . ~ V , 74, j., 1 139,
B h a w n w J u n ctio n , w ith b r a n c h e s ; to ta l, 2 6 9 m iles, o f w h ich 21 H
C o r n w a l l A L e b a n o n R R . —O w n " L e b a n o n , Pa , to G o n o w a g o ,
rouen lire ow n ed an d :. 1 m iles lea sed. T raeU a ge to T o le d o , 51 m iles.
C o lu m b ia N e w b e r r y Sc L a u r e n * H R , —Columbia to Laurens,
8. C , 75 r « . S t o c k . $505,000 Bonds, see table. For year ending
June 30. 1901, in - -. $173,2*3; net, $19,112; total deductions, $35,784; ba!., sur., $3,328. President, w . G, Childs, Columbia, 8. C.
RKOElVKHSmi'—J o s e p h R o b in so n Is n ow r e ce iv e r . A s to r e c e iv e r 's
eortifioatra and la st c o u p o n paid on the b o n d s , see ta b le a b o v e . In
March, 1 0 0 9 . J o s e p h R o b in s o n , r e c e iv e r , w as a p p o in te d ■tpoi.ila) m a s-
ill *
Anappiiftl W
ftft takfvri ftfjC tli« jiirl^TtlfuiI
a mrr nrri
C e r t a i n ro it io r m a t t e d rgf&feln to ho flcuDDui tm foro n wit®
c a n be had - Hoe d e c isio n V. 72, p. 675. V. 7 0 . p. 68 1. K or-elosu rn
d e c re e m a d e, b u t n o sa le y e t ord ered In M ay, i u o 2 . v , 73, p. 6 5 3 .1 2 6 3 ,
22 m iles; b ra n ch es.3 miles. In June, (jin j, m e Pennsylvania HI,eel
Go. acquired control. V. 72, p. 1 I i , 1,:h; i.
DIVIDENDS- 5 T o 1H93
'9 3 ’ 1)4 ’ 95. '9 6
( P e r c e n t ) , . .. (<1 to4'-a y r ly , 6
2
2
4
A l s o In 1892-3 p i Id < pooial d iv , o f 13"., In
L AH MS OH I 1 m on th s. 5 1 DO 1 2 ....... ..O n e ,
J u ly 1 to M ay 31,
( 1 9 0 0 - 1 ....... G ross,
'9 7 ‘ 9M *00 1900 ' 0 1
1902
3
4 4 '«
5
5b. 5 >
y
1902, K e b .,2 'a % j A u g ., 3 % .
, $ 3 0 7 ,6 5 6 ; n et, $ 1 44 9 9 6
2 4 8 ,7 1 0 ; net, 1 1 2,78 5
INVESTORS’
5 2
M A P OF T H E
SUPPLEMENT
[V O L.
LXXV.
q
Waterloo
DELAW ARE & H U D S O N
St.Johns^
Coteau.
RAILROAD SYSTEM.
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Ft.Coving”
,
Sutton Jc.
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-
Newpoi
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Cambridge Jo
Dannem ora.
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)Milto i
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sennington
$9‘
Milford i
Norwich
C a n d ou > \ ^Chejnango ForksV^
A ~^^Ludlow
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17
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Richfield
Springs
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RAILROAD
J u ly , 1903. j
STOCKS
AND
BONDS.
53
B o n d s — Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
Rate Per When Where Payable, and by S toc k s— Last
of
Par
For explanation o ! column headings, Ao., see notes
Whom.
Road. Bonds Value. Outstanding
Dividend.
on first page of tables.
Cent. Payable
RAILROADS.
24 1891 $100Ac
$766,400
Comic. < Leban — (Con.)—1st mort. for $800,000.r
&
1898
Corvallis A Eastern—1st mort. ($11,250,000).Ce.o*
1,000
2,115,000
35 1900
1,000
Oovello A Columbia River—1st M. (V. 70, p. 995.).
(1)
57 1891
1,000
1,000,000
Cumberland & Pennsylvania— 1st m ort.,g., G .gu ..
....
50
1,292.950
Cumberland Valley—Common stock ..........................
.... ....
484,900
Pref. stock ($243,000 is 2d pref ) ...........................
50
82 1856 500 Ac.
233,500
1st and 2d ms., gold (2d$94,000 due Apr, 1908.)
40 1899
650,000
Dakota Pacific—1st M., g., $650,000.I B .............. c
1,000
....
2,401,900
50
Dayton A Mich.—Com. st’k (3!a p.c. guar.C.H. A D .)..
.... 1871
1,211,250
50
Preferred (8 p. c. guar. C. H. & D.) endorsed........
142 1881
1,000
2,728,000
1st mortgage, guar. p. & i. end by C. H. & D ---- c
32 1879
225,000
1,000
Dayton A Union RR .—IstM ., s. f. (not dUn)............c
___ 1899 1,000
495,000
Dayton Unicyi Ry.—1st M., s. f., call at par F ........
38 1864
495,000
1,000
Dayton A Western—1st M., guar. L. M. and C. & X .o
__
224
25
2,987,125
Delaware—Stock.............................................................
500,000
1,000
Gen. M., g o l d .F P ................................................... 0* 117 1892
54 1882
1,000
400,000
Delaware & Chesapeake 1st M., assumed, c u r ..c
.... ....
100
1,800,000
Del. A Bound Hr.—Stock—8 p. c. gu. Phila. A Read.
27 1875
1,500,000
1,000
1st m ortgage................................................................
27 1879 100 &0.
2d mortgage, extended in 1899..............................
300,000
100 34,507,100
Delaware dt Hudson—Stock........................................... .....
5,000,000
1st M. on Pennsylvania Div. ($10,000,000) U n c l r .... 1877 l,00 0A c
.... 1899 1,000
1,050,000
Equipm’t M., $150,000 payable May, y’rly. U s m
1900 10,000
2,500,000
Equipm’t deb., $2,500,000, $200,000 an’ly, Jan. 1 —
Guaranteed Bonds.—
1901
H u d .fo a l Co. deb ,’gu.,p. <fci. end., $100,000 y ’ly.
1,500,000
300,000
1,000
Bluff Point Land Improve. Co. lBtM.,gold,guar.c* .... 1890
1,000
Chat.Ore & I.,ref.M .,$1,750,000,call 105.Co.c*<fcr .... 1902
1,300,000
Adirondack Ry., Alb. & 8ns. RR,, N. Y. & Canada R R , C hateau gay RR. ,UticaClin. A
.... ....
Delaware Lackawanna dt Western—Stock.................
50 26,200,000
1,000
Con. M. now 1st on road A equip ($10,000,000) F c 194 1877
3,067,000
Delaware Maryland A Virginia—
39 1860
185.000
All
Junction A B —1st m ortgage............................
In year ending June 30, 1901, gross, $279,876; net, $122,982; ad
dition account expense of car trust, $113,245; interest and charges,
47,813; dividend (5 ^ p. c.), $44,000; depreciation o f equipment,
63,125; balance, surplus, $81,289.—(V. 72, p 675.)
C o r v a l l i s Sc E a s t e r n R .B .—Owns from Yaquina "o Idanah, Ore.,
142 miles. Land grant was 850,000 acres. Organized in Dec., 1897, to
purchase and extend the Oregon Central & Eastern, which was the
successor of Oregon Pacific, sold in foreclosure Dec. 2 2,1 89 4 . Stock,
$11,250,000; outstanding, *2,115,000. M ortgage provides for ex
tension eastward to Snake R iver in Malheur Co., and will cover all
railroad lines hereafter acquired up to 750 miles.
E a r n i n g s .— In year ending June 30,1901, g r o s s , $114,614; net,
$33,651; total deductions, $61,186. 1899-0, g ro s s , $112,556; net,
$26,814.—(Y. 66, p. 335, 573; Y. 68, p. 474.)
C o t t o n B e l t . —See St. Louis Southwestern Ry.
C u b a C o m p a n y .—V. 70, p. 841, 995; V. 71, p. 1166.
C u m b e r l a n d Sc O h io R R , , N o r t h . D i v . —V. 74, p. 477.
C u m b e r la n d Sc P e n n s y l v a n i a R R . —Owns from Cumberland,
Md., to Piedmont, Md., and several branches, 57 miles. Owned and oper
ated by Consolidation Coal Co., which guarantees by endorsement the
first mortgage. V 52, p. 390. Stock, *1,500,000; par, $100. For year
ending June 30, 1901, gross, $812,077 ; net, $364,492 ; charges, $93.
202; dividends, $82,968; bal., sur., $188,322 In 1899-0, net, $164,102.
C u m b e r la n d V a lle y R R .—Owns from Harrisburg, P a., to Potom ac
River, Md., 82 miles (and with leased lines operates to Winchester, a
total distance of 116 miles). It leases—Cumberland Valley & Martinsburg Railroad, 34 miles; Dillsburg A Mechaniesburg Railroad, 7 miles;
Southern Pennsylvania Railroad, 21 m iles; leases Cumberland Valley
A Waynesboro RR., 18 miles; total operated, 163 miles.—(V. 6 1 ,p. 152.)
Stock .—Pennsylvania RR. owns $975,850 com. and $237,200 pref.
D ividends .—In 1880 to 1884, 10 per cent yearly; from 1885, to
July. 1902, both inclusive, at rate o f 8 per cent yearly.
E arnings . —5 months, > 1 9 0 2 .......... Gross, $448,233; net, $152,292
Jan. 1 to May 31.
) 1901............ Gcpss, 400,179; net, 125,008
t
R e p o r t .—E a rn in g s e n tir e lin e a s fo llo w s :
Fear.
Gross
Net
In t.,etc.
Dividends.
B al.,surp
1 9 0 1 .. .. $1,131,531 $425,482 $41,759 (8 p.c.)$142,228
$241,495
1 9 0 0 .. .. 1,052,378
255,218
42,536 (8p.C.) 142,228
70,454
-(V . 6 6 ,p .7 0 6 ; V. 6 8 ,p. 6 6 8 ; V. 70, p. .5 8 0; V. 72, p .391, 532.)
D a y t o n Sc M i c h i g a n H R . — {S ee M a p O in . H a m . A D a y . - O w n s
D a y to n , O .. t o T o le d o J u n e ., O.. 141 m iles. T r a c k a g e in to T o le d o . 1 t j in .
L e a s e .—Lea s e d M a y 1 ,1 8 6 3 , in p e r p e tu ity to C in cin n a ti H a m ilto n A
D a y to n . R e n ta l is th e in te re st a n d sin k in g fu n d o f d e b t, a n d 8 p er
cen t on p r e fe rr e d s to ck a n d -P-z p e r c e n t o n c o m m o n .
S e c u r i t i e s .- G u a ra n ty on p r e fe r r e d is s e c u r e d b y m o r tg a g e o f 18 7 1 .
ba t th e p r e f erred c a r r ie s n o v o tin g p o w e r . V. 56, p, 8 1 3 . M o rtg a g e o f
1 8 56 is h eld a liv e u n d e r m o r tg . o f 1 8 8 1 , w h ich is t h e r e fo r e a fir st lien ;
C en tral T ru s t & S a fe D e p o s it C o. o f C in c in n a ti, T ru stee.
D a y t o n U n i o n R y . —U n io n d e p o t a t D a y to n , O. S to c k , $ 3 2 1 ,0 0 0 ,
all c o m m o n , all o u ts ta n d in g . P re s,, M. E . I n g a lls ; S e c., R a lp h P e te r s ;
T reas., C. G .W a ld o , O ffice, C in c in n a ti, O.— V. 7 3 , p. 1 2 6 3 , 13 12 .
D a y t o n Sc U n i o n R R . —O w n s fr o m D o d s o n , O ., t o U n ion C ity ,
Ind.. 3 2 m ile s ; lea ses D a y to n to D o d sd o n , 15 m ile s ; to ta l o p e r a te d , 47
m iles. O pera ted by C lev ela n d Oirm. C h ica g o A 8t, L ou is, w h ich . J o in tly
with the C in cin n a ti H a m ilto n A D a y to n , o w n s th e c a p ita l sto ck .
Ail su rplu s e a rn in g s o v e r in te re st g o e s to a sin k in g fu n d for th e r e
dem ption o f b o n d s at n o t a b o v e 100. C a p ita l sto c k , $ 8 6 ,3 0 0 . F o r y e a r
ending O ct. 31, 19 01 , g r o s s , $ 1 8 0 ,4 1 5 ; n et. $ 8 7 ,9 4 5 ; o th e r in co m e ,
*1 2 ,9 2 8 ; c h a rg e s, $ 3 8 ,3 5 6 ; n ew c a r s p u rch a se d , $ 1 3 ,2 0 0 ; b a la n c e ,
surplu s, $ 4 9 ,3 1 7 .
D a y t o n Sc W e s t e r n B I t . —O w n - fr o m D a y to n , O ., to S ta te lin e
I n d .,88 m iles, and leases 4 m iles to R ich m o n d , fn d . L e a s e d from J a n . 1
1865, for 99 years re n e w a b le fo r e v e r , to L ittle M iam i, an d so o p e r a te d
by F lu sh . Cln. C h ic. A St L ou is. U n d er term s o f th e le a se , n o o n p a y
m ent o f th e I). A W , b o n d s th e L it tle M iam i w ill b e c o m e s o lo o w n e r
o f the D . A W . O f b o n d s $ 3 2 ,0 0 0 are 7s. S t o c k , $ 3 0 9 ,2 7 0 .
D e la w a r e H i t . —Hbellpot. C rossin g , D e l,, to D el m a r, M d ., 9 8 '2 2
m iles; b r a n c h e s , ( en tr e v ille , M d., to T o w n s e n d , D ei,, 3 5 1 5 m iles; C la y
ton , Dei , to O x fo r d Md , 54 -3 0 m ,; R ea ford, D el., to C a m b rid g e , .Mil,,
32*97 in,; C la y to n , D el., to Che t e ft o w a . Mil., 29*87 in .; o th e r b ra n ch e s ,
10-40 m .j to ta l. 2 5 7 -9 7 mil.--.
V. 67, p, 1356.
Leased till M ay 1. 1027, to th e P h ila d e lp h ia W ilm in g ton .V B a it.
w hich o w n s $1,004 ,4 ,75 o f the s to c k ; ren tal n et e a r n in g s see V.
64. p. 1000. D iv id e n d s 1898 t o J u ly , 19 02 , Inolu five, Op, < y e a rly . In
-.
year en din g O ct. 3 1 , 1901, g r a s -, $ 1 ,0 0 6 ,6 6 0 ; net, $4 5 0 ,4 2 8 ; eth er
In com e, $ 3 2 ,2 7 4 ; Interest, ta x es, e tc ., $ 2 5 3 ,4 0 2 ; d iv id e n d ■ (6 p. n.>,
1 7 9,22 7; b a l., s t ir , $ 5 0 ,0 7 3 .
In 1 8 9 0 -0 0 , g ro s s , *1,6 46,(50 0; net,
53 4,22 0, ( V, 08, p. 129.,
D e l a w a r e A' B o u n d B r o o k B i t . —O w n s from B ou n d B rook
(O w fcm l o f N, J,) t o D ela w a re R iv er, 27 r o ll# * ; branefoe* to T r e n to n , 7;
second track. 27 m ile s ; all tra ck 77 m iles. In M ay, 18 7 0 , leased for 9 9 0
years to Phila. A H eading RR. fo r $ 2 6 7 ,0 0 0 , p a y in g In te r e st and 8 n, e.
On sto ck ; lease assum ed b y P h ila . A fte a d ’ g R a il w a y . (V . OH, p. 7 2 2 .)
D e l a w a r e At H u d s o n C o . — r Hr-e M a p . ) —O p e r a te s r a ilro a d lin es
fr o m W llk esb a rre, P a., v ia A lb a n y , t c
y ., to R o u se 's P oin t, on
C a n a da lin e, w ith b ra n ch es, 6 6 1 m iles In all
N am e c h a n g e d from
D e la w a re A H u dson C an al CO,, A p ril 26, 1890. V. 68, p 0 7 1 . T h e
sy stem is w ell sh ow n on the a d jo in in g m a p , an d I n c lu d e s :
t
5
4 g.
5 g5 g8 in 1901
8
8 g.
5 g3is
8
5
7
4 g6A 7
6 in 1902
4 1 g.
s
4
8
7
4
7 in 1901
7
3 !s g .
4
A. A O.
F. A A.
A. A O.
M. A N.
Q .-J .
Q .-J .
A. A O.
A. A O.
A. A O.
Q .-J .
J. A J
J. A D.
J. A J.
J A J.
J. A J.
J. A J.
F. A A.
Q .-F .
F. A A.
M. A N.
Q—Mch.
M. A 8.
M.15AN
J. A J.
Co.’ s o ff, Lebanon, Pa.
New York City.
New York.
Guar. Trust Co. of N. Y.
Phila. A Chambersburg.
do
do
do
do
Boston, Inter Trust Co.
Cincinnati.
do
N. Y ., Kessler A Co., Cin.
N. Y., Am. Exch.Nat.Bk.
N. Y., Farm. L. A Tr. Co.
N. Y.. Bank of America.
Checks mailed.
Phila.,Broad St.Station
do
Phila., 240 So. Third St.
Phila., Guar.T. A S.D. Co.
Phila.,240 So. Third St.
N.Y.Of.,21 Cortlandt St.
do
do
do
do
do
do
Apr. 1, 1921
Feb. 1, 1998
Apr. 1, 1920
May 1, 1921
July 1, ’02, 2%
July 1, ’02, 2%
Apr. 1, 1904-8
Apr. 1, 1929
July 1, ’ 02,1%
July, 1902, 2%
Jan. 1, 1911
Deo. 1, 1909
July 1, 1949
Jan. 1, 1905
July 1,’02,3%
July 1, 1932
Feb. 1, 1912
May 20,’02,2%
Aug. 1, 1905
Aug. 1, 1905
J u n el6 ,’02,1%
Sept. 1, 1917
Y early to 1909
1903 to 1915
4
4 g.
4 g.
Bing.RR
7 in 1901
7
M. A N.
do
do
do
do
J. A J.
New York.
J. * J.
Schen ectady A Duanesburg —
Q .-J . N. Y., 26 Exchange PL
M. A 8.
do
do
May 1 , ’03-17
Jan. 1, 1940
Jan. 1, 1942
See those cos.
July21,’0 2 ,l%
Sept. 1, 1907
3
J. A J. Phila., Broad St.Station Jan. 1, 1933
Linesleased—f\Seethesecos. Miles.
Lines owned—
Miles.
Lackawanna & Susquehanna.. 22 UAlbany & Susquehanna........... 142
Valley RR. of P a ........................ 17 ITNew York & Canada................ 150
Honesdale B ran ch.................... 28 IfRensselaer A Saratoga............ 192
Schenectady A M echanicville. 10 ITUnion R R ................................... 22
Cherry Val. Sharon A Albany 21 ^Jefferson R R. (trackage)........ 35
7
TTSchenectady A D uanesburg.. 14 Other lin es...................................
Total operated.........................................................................................660
Also leases Utica Clinton & Binghamton and Rome A Clinton R R ,,
44 miles, sub-let to New York Ontario & Western.
The canal ceased to be operated in 1898, its cost was charged off and
bed sola in June, 1899. V. 69, p. 1061; V. 68, p. 566. In Mar., 1901,
additional coal properties were acquired, estimated to produce about
500,000 tons annually.—V. 72, p. 437, 1159.
H i s t o r y , E t c .— This company was chartered April 23,1 82 3 . It Is
one of the largest miners and carriers o f anthracite coal.
DrviD’ s.. <’83 ’ 8 4 ’8 5 ’ 8 6 ’ 87 ’ 88 ’ 8 9 t o ’ 96 ’97 to ’00 01
1902
Since '82%
7 7 6 j5 5 6
7 y ’rly. 5 y’rly. 7 In cL J u n e^ ^
Dividends for 1902 fixed at 7 p. c., payable quarterly.—V. 74, p. tt3.
B o n d s .—In 1899-00 issued $4,000,000 equipment trust 3^8 and de
benture 4s, o f which $650,v 00 have been paid and the balanoe is paya
ble $350,000 yearly V. 68. p. 670; V. 69, p. 1193; V. 70, p.125.
Cbateaugay Ore & Iron Co. $1,750,000 bonds are guaranteed by theD. A H ., $250,000 are to be reservedjfor future purposes and $200,000 to retire at maturity in 1907 $200,000 Cbateaugay Ry . 6 per cent
bonds. V. 73, p. 12e3.
G e -s e r a l F in a n c e s .— On May 9 ,1 8 9 9 , the stockholders voted to set
aside every year, as a sinking fund to retire stock and bonds and
guaranteed securities, an amount equal to at least five cents per ton of
coal sold or $175,000 to $200,000 per annum, to be charged against
income account each year. (V. 68, p. 926. See ordinance in fuli, V. 68,
p. 1180. Examination in 1898 showed tons o f ooal owned in fee bv
com pany, 165,186,393; tons of coal under lease, 58,361,400; total.
223,547,793. In 1900 $200,000 stock was retired from prooeeds o f the
sinking fund and $141,800 in 1901 and to June, 1902, $151,100. V.
72, p. 434.
E arnings .—E arnings o f leased lines in New York State for 3 m onths
ending March 31 were:
l
r -A lb a n y Sc Susqurh.—
—N .T .& C a n a d a .—
.
- R e n s . Sc S a ra to g a .—
3 months.
1902.
IwOl.
1902.
1901.
1902.
19u 1.
G ro s s............... $1,115,912 $1,281,300
$238, 19 $237,038
$657,916
$528,791
N e t...................
563,040
09^,813
89.033
86,870
123,800
127,421
Sur. over clips.
251,041
884.800 def.2,826 df.7,851 <31.183.67.1 df.187,429
A n n u a l R e p o r t .— Fiscal y e a r ends Deo. 3 1 . Annual meeting is h e ld
on the second Tuesday in May. Report fo r 1901 was in C h r o n i c l e ,
V 74, p. 475. See also editorial p. 452. Coal (anthracite) carried in
1901. 7,571,298 tons; la 1900, 6,228,770 tons; in 1899, 6,430,050 tons.
F e a r e n d in g D ec. 31—
1901.
1900.
$12,178,683
$11,485,187
N e t (ra ilro a d s) .......................
5,801,602
5,455,769
In te r e st, ta x e s a n d r e n t a ls .
2,998,672
2,941,873
P r o fit fr o m r a ilr o a d s .
N e t c o a l d e p t. .....................
$2,802,930
"1,801,146
D ed u c t—
D e p re c ia tio n o f p la n t, e q u ip m e n t, e t c . . .
F R e p e r c e n t sin k in g fu n d on c o a l m in ed
B a la n ce , s u r p lu s ....................................
$2,518,896
673,494
$4,604,076
$3,187,890
$1,000,000
233,369
(7)2,425,850
(7)$1,7 50,000
$944,409
$1,137,390
*KsimingH o f th e c o a l d e p a r tm e n t In 1 9 0 1 , $ 1 7 ,3 1 8 ,7 7 0 ; e x p e n s e s,
$ I 5 , 5 17 ,0 2 5 ; net, $ 1 ,* 0 1 ,1 4 5 .
In 11)00, $ 1 2 ,8 3 7 ,4 0 0 ; e x p e n s e s , $12,1 6 3 ,9 0 0 ; net, $ 6 7 3 ,4 9 4 .
’
O i- m c k k . . P resid en t, R o b e r t M. O iy p n u n t; T r e a s u r e r 0 . A . W a lk er;
h
S e c r e ta r y , K, M. O lyp h a n t,, 21 C o r tla iu ltH t., N ow Y ork . '
Manager* Robert M. Olyphant William It. TlllingbliHl Alexander 10. Orr.
cim uie .-y M. Depcw Juiue .1 W. Alexander, Horae (J. Young, .piliu Jaooh A m
tor. It. Soimtrs liayoa, Frederic Cromwell, David W lllw x . U Haydam Grant,
George I. Wilber, V. A . Peabody.- ( V. 7-1, | . 93, 2 0 5 , 4 7 5 . 1037. IOf H.)
>
D e ln vvii r e I .iii k i i u u u u u Sc W e s t e r n H R . — (S e e M a n .) Oper
a te s m ain lin e from H o b o k e n , N. .1., o p p o s it e N. V. C ity, to B u lm lo, N. Y .,
4 1 0 m iles, w ith b r a n c h e s to c o a l r e g io n , etc,., 4 9 0 m iles, in c lu d in g ;
1 Lines owned—
Miles.
L in e s le a se d i| Son e a c h on. M i le s .
N. .1. State lin e to N. Y. l i n e ___ I 14
IIU Mon C h en a n g o A Husq .......... 07
B R u ch e s to N 'rth u n ib e iT iid .A o . 80 1 V a lley R R . o f N. Y ..................... 11
1
L in e s le a s e d —
If W a r r e n ....................
19
I
t Morris A Essex and branches.157 1|Sussex, A c ................................... 48
UN.Y. L a c k a w a n n a A W estern 21 4 B a n g o r a P o r tla n d R y . (V . 72,
IIGfiyugii A S u s q u e h a n n a .......... 34
p. 4 3 5 , A c . ) ......................
47
f!O sw e g o A S y r a c u s e ................... 3 5
1 ^ S y ra cu s e B in g . A N. Y. ............ HI
T o ta l o p e r a te d J a n ,, 1 0 0 2 ,9 4 7
H tsT o n v , E t c . -T h is is o n e o f th e m ost Im p ortan t o f th e a n th r a c ite
eon! roads. N o suh c o m p a n ie s (c o a l an d m in in g ) are eon tro lle d , l.lm r a il
1 road o w n in g I h m in es. O rig in a l c o m p a n y ch a rtered In 1 8 3 2 ; p resen t
title assu m ed in 18 53 ,
its lea sed lik es are m o s tly h eld u n d er lon g
lea ses, and th e sy ste m Is c o m p a ct. In IHPt repi-rium taU vea o f th e
V a n d e r b ilts e n te re d th e d ir e c to r y , See V. 57, p. 721
D iv id e n d s —
JISSI
'82-’ 84
'85
*80 to July, ’02,
Since 1880, p. 0.
( 0%
8 yearly
7'a
7 yearly.
JNLooers
C h eb oy g a n
C arleton Jc,
Petoslcey
X avant
H a lb u rton
W.Chazy
"Pertl^cr
"Lyon Mt.
Tescottj
S Iu ( rb o t L a k e ]
G raverikurst
Alpena
CObocorik
/^Tra|pi*se C ity o
i//* P
H arr is v die o;
y Winterfield
\\V&oXi
Y Chase
C lifton H ines
/ B a ld w in o|
j W atertow n
B eeton
etts H a rv c -
N orth Cr
Glenns
G eoi^ etow n
P alin g
S aratoga Sp
G n e lp L § ^
^.^BaTlston
eeclspoiry,
YUufburir
Sai
A- Schenectai
Clifton
Coopers
Unlay
jPlint
P t . H u rpr^ m "
’IviTle
rinirne
}\ich ^
g ra n o
‘oventr;
LANSING
Lrcenc,
/ Athens
PhoeniciaT^Pc/ ^
liarlotte
/ Kingstopi
S. Haven
psilantj
ironic
—Tlamesi
B ra d for
VicTc3T>ure^--''V
Jm CXfo ev
\ ^ ’i ns ille
§ m m
H IC A G O ^
—/"Sturgis
^POUGHKEEPSII
Larabee
Stokesdale
Adrian
Goudersport
A s h ta b u la
/
E m p o riu m
.Paines
Adg w ay
.1aines T
*.
ifuE
b.
iLkes-
.
i^RRE
V v ra fto n
W ellington
Rensselaer
^
9ans/^
.Wabash
illuffuml
J K S p p itk Ms. x
Lima
Hartjbr
/ L\
ic
d
LMt/i eYnonC-— /^
B e lle fd iu a in e
l^Delaw^ le lC o slio cto n
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^ P 7 u r u,,^\ :
'Y ^ s ewLast 1
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•ingfieli
VS.
ltangoi^^t
J ills0
A llen tow i-
^^?Altoona>
^•HunUngdoi
„ ^ en N V 3ohn sto wn
^
/G reeh sbu rg
\
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D re sd e j
A ndersoiv
fauiaqu
W heeling V
Uniontown
C o n n e lls v ilie
\ l Way^eaVg__
;t.Union
•
HARR1SBUR
Shippensburg
L ebanon
L an caster P H H A D f£^
York
CoatesvilUr
A ts io n
Bridgeport,
/Mlnerayrt. Jc.
V / / \_^3H yndm an
J
Z anesville
/L o n d o n
G ettysburg
C\W i l m i n w 3
^
*
O aT xpw nsertd
—T “ R
Lan
’red erick
C ircleville
Logan
IRunilton'
Columbl
Lawrence
emeu
\ A ia d is o n
nnes
Hitchell.
r fllils b o r d
le« t e r
G range
New A lb a n ^ ^ rC 0 U IS V h ± E
Monocacy
G ra fton i
Athens
/lla m d e n
'omeroy fte\
Gpll ip oils'
P orism ou tl
M A P OF TH E
x
D E L A W A R E , L A C K A W A N N A
#
H u n tin g ton
W E S T E R N
R .R .
A N D ITS CONNECTIONS.
Relay
W A S H IN G T ^
Aldxandriiy^
P opes
Fre de ricksbu rg
.ysville
Jefferson
.untingbur:
M arietta
C hfllicothe
MNC
OTU
Water Gat^jJ
NVLisboni
,, / \ /Y e l lo w CivOi
CanalX/
. n
1
B d vcr\ C n ch s Y . J
Maildry/^-^M G ilead
Kokopio,
/ h Chunk
MUesVg
r-'^KMannsfield /
1 —. Q / \
V
Gal ion"-—
/tenter
,-p
,te Haven V- Henry u d sb 'g M h
S lro
-^tUlNlBERU!
/ P o x b o iw
-New Castle
A llia n ce
restoiv
w/EN
Mercer
Ravenna
V
TobThanna^/^. 5
Franklin
Salisbury
INVESTORS’ SUPPLEMENT.
M uskegon
fords.
O
T icon d erog a :
>biladelpliia
Palmcvstun_/ ->
^FarweTl
Colemair
fBi^Rapids'
,dmore\
Au Sable0
^
r.
;p.Uenry
W ells1
T\eed City
---Pentwater
V -^\'P,ell°vme
Trenton
K in c a r d in e
Plattsburg ^
g d e/T sb u rg
»!yLpe KaTb Jc,
Colwell
'</\Tawas Cy.
Manistee
B rock v ille
p^S>Y5locloc Hd,
.wens
V/ M
/Z
"^V, Roscommon
W a lton
L a k efield
&
m
R AILROAD
Ju l y , 1902.]
STOCKS
AND
BONDS
Sift
Bonds—Princi
IN TEREST OR D IV ID EN D S.
Miles Date Size, or
pal, W hen Due.
A m ount
of
of
Rate per When Where Payable, and by Stocks—
-Last
Par
For explanation o f colum n headings, &c., see notes
Road. Bonds Value. Outstanding
Cent. Payable
Whom.
D ividend.
on first page o f tables.
R A ILR O A D S.
Delaware Maryland < V irgin ia —( Concluded)—
&
19 1874
All.
Break. & Frank. 1st m. to State, red. aft. Jan .’95Other m ortgages ..
................................ . . . . c *
Delaware River RR. & B ridge—
10 1896 $1,000
1st M .f $1,300,00 , g g u . p.& i.,Penn. R R ,G P . c x
....
....
Delaware Susq. & S. R R .—Stock (auth. $1,500,000)
50
48 1894
1,000
1st m ortgage bonds ($1,500,000) g o ld .................c*
1890
Denver Lakewood & Golden—1st m o r tg a g e .F .......
Denver & Rio Grande—Stock, com ., (see t e x t )...T r .
100
100
Pref. stock, 5 per cent non-eum., $ 44 ,4 0 0 ,0 0 0 ,T r
1st cons. mort. fo r $42,000,000 >
TT_
_
. r 1,621 1886 500 &c.
1,000
^ 1,621 1886
(now 1st m ortgage)................... 5
Im nrovem ent m ort. ($5,000 per mile) g .. Us.c^&r 1,621 1888
500
180
890
1,000
R id Grande South’n 1st m ort., g u a r .C e .......—
62 1889
R io Grande Junction 1st m ortgage, g u a r..C e .c*
1,000
R io Grande W estern -S ee that com pany.
Denver a -ouihwestern—Common stock ....................
....
....
100
.. ...
100
Preferred stock, 5 per cent, n on cu m .....................
41 1895
1,000
Mid. Term 1st m ort., gold, sink, fu n d ...........F c*
1,000
Gen. M., $5,500,000, s. f., n ot subj. to ca ll.C o .c*
127 1899
Des Men'llcji fa V ort Dodge—Common stock .............. .
100
100
P referred stock, 7 p. c. non-cum ...............................
1874
1,000
IstM . 1
secures
s Series A, int. guar., e n d .,F
1,000
Do. > both equally / 8eries B, int. gu a r.,en d .. F S88S 1874
55 1881
1,000
1st m ort. on extern, Tara to Rnthven, int. g u .. F
75 1901
1,000
D .M o.Ia F.dN o — stM .,$14,0 0 0 p .m .,g.red .C ol.c*
Dm M
cri.n.pjt rj'nxon.—Stock, $2,000,000 __________
100
3*7 1887
1,000
1st M. fo r $800,000, g o l d ....... ........................ Ce.c~
1,000
Detroit Grand Raven & Mil.—1st equip. M. g u . . . .c* 189 1878
189 1878 200 <fec.
Consol, m ort., guar, (option—see t e x t ) .............. c*
65
100
Detroit Hillsdale & S. W .— St’ k ,4 p . c .re n t’LL.S.&MS.
Detroit Grand Rapids & Western — See P e r e M a r q U E T T E RR.
% Of w hich 4100,000 on N ov. 30, 1901, intreasur y and $1 9,0 00 in th
F i n a n c e s .— The refunding of Morris < E ssex bonds m aturing prior to
fe
N ov., 1902, w ill reduce tlie guar, interest charges o f th - latter about
$200,000 yearly; W arren RR. refunding in 1900 and 1905 w ill reduce
Charges about $50 000 annually.—V. 10, p. 477; V. 71, p. 1066.
E a r n i n g s .— E arnings of leased lines in N ew Y ork State fo r three
m onths ending M arch 31 w e r e :
3 months—
Gross.
Net.
Int., taxes, <£c. B a l.y$vr.
1902.......................... $1,796,266
$822,350
$616,428
$205,922
1901.......................... 1,964,117
885,687
619.524
266,163
A n n u a l R e p o r t .— Fiscal year ends D ec. 3 1 . Annual m eeting is held
on the Tuesday preceding the last Friday in February. The'reporr for
1 90 1,with balance sheet, was in C h r o n i c l e , Y. 74, p. 474. See also edit
orial, p. 453. The to! .ow ing includes ail lines except Syr. Bingh’ ton <
fe
N. Y ., Sussex RR., B angor ^ P o r tla n d and Lack. & M ontrose R R .:
1900.
1899.
Year end. Dec. 3 1 .
1901.
$4,186,232
$3,951,051
Passenger earn in gs................... $4,522,383
15,707,945
15,195,510
Freight earn in gs....................... 17,418,033
1,506,021
1,666,126
M iscellan eous..............................
1.567.218
$23,507,634 $20,887,763 $21,325,122
$8,753,912
$6,265,484
Net after taxes............................ $9,122,216
*1,200,082
*904,173
Coal departm ent (net).............. *1,638,64 3
577,181
641,943
Other m iscellaneous in com e..
441,390
$8,107,509 $10,235,266
T otal net in com e.........$11.202.248
$5,365,012
$5,391 990
Interest and rentals.......... $5,387,854
1,402,104
12,2fc5
261,212
Rentals, advances, e t c ....
R enewals and betterm ents.............................. 2,523,127
1,834,000
1,834,000
Dividends (7 j*. c>......................
1,834,000
Balance after dividends___sr.$ l,1 9 6 ,0 5 4 sur.$896,232 sr.$ l,60 7,17 2
* Earnings of the coal departm ent in 1901, $27,118,214; expenses,
$25,479,571; net, $1,63*^,643; 1900, $22,261,887; expenses, $21,061,805; net, $1,200,082. n 1899, $23,136,863; net, $904,1 3.
O f f i c e r s .—President, W. H. Truesdale; Chairman o f Board, Samuel
Sloan; Sec and Treas., Fred F. Chambers, 26 E xch an ge Place, N. Y.
BOa RD.—S - n uel Sloan (Chairm an), Fredk. W . V anderbilt, W m . W. A s for,
Eugene Ritfgina, H enry A . C. I ay lor, J. R< gers M axw ell. G eo. F. Baker, W m.
R ockefeller, HaoiiUon M cK. T w om biy, Jam es Stillm an,M . T a ilo r Pyne, Harris
C. Fahnesioek Fiank W ork. Joh n D. R ock efeller Jr.
—(Y . 7 3 , p. 287, 1 0 10 ; V . 7 4 , p . 326, 4 T 4 , 1 1 3 9 .)
D e l a w a r e M a r y l a n d Sc V i r g i n i a I t I I . —Owns from H arrington
to Rehoboth. D e l., 4 4 miles; Georgetown to Franklin City, Va., 5 4 m iles;
total, 9 8 miles. Controlled by Pbila. Wilm. fa B a lt., which owns $ 3 2 6 ,200 of th e $526,7**8 s t o c k (par $ 2 5 * , and so by P e n n s y lv a n ia HR. S ee
V. 5 0 , p , 4 9 8 . L o a n s a n d b ills p a y a b le , O c t . 3 1 , 1 9 0 1 , $ 1 8 4 ,8 0 0 ; o t h e r
flo a tin g d e b t , $ 4 7 2 ,0 9 2 . In y e a r e n d in g O c t. 3 1 , 1 9 0 1 , g r o s s , $ 2 4 2 ,6 1 0 ;
n et, $ 9 ,1 1 7 ; in t e r e s t , t a x e s , e t c ., ^ 4 9 ,2 9 2 ; b a la n c e , d e fic it , f o r y e a r ,
$ 1 9 ,5 7 5 . b u t th is d o e s n o t in c lu d e in t e r e s t on t h e flo a t in g d e b t , w h ic h
w a s In 1 8 9 9 -0 0 , $ 4 6 0 ,2 u 0 .
D e l a w a r e I t l v e r R R . Sc B r i d g e C o . — O w n s a b r id g e o v e r t h e
D e la w a r e R iv e r n e a r P h ila d e lp h ia a n d a b o m 1 0 m ile s o f c o n n e c t in g
r a ilr o a d . C a p ita l s t o c k ($ 1 ,3 0 0 ,0 0 0 ) is a ll o w n e d b y t h e P e n n s y lv a n ia
R R ., w h ich g u a r a n t e e s th e b o n d s , p r in c ip a l an d In te r e s t, b y e n d o r s e
m e n t o n e a c h . D iv id e n d f o r 6 toon ., 2 p . e., p a id D e c . 2 0 , 1 9 0 0 ; 1 0 0 1 ,
J u n e 2 0 2 p . c .; D ec*, 2 p c . S in k in g fu n d is o n e p e r c e n t , b u t b o n d s
c a n n o t he c a lle d . S ee b o n d s a n d g u a r a n t y in V . 6 3 , p. 1 0 6 2 ,1 1 5 9 .
D e l a w a r e M imcj ii c h a n it a S c S e l l t iy I k i l l R R , — O w n s m a in lin e
from D rl fie r i, P a ., t o G o w e n , P a ., 31 m ile s ; b r a n c h e s , 17 m i le s ; to ta l
o w n e d , 4 8 m ile s.
T r a c k a g e - L e h ig h V a lle y R R ., e t c ,, 133 m ile s
O p en ed F eb. 15 1 8 9 2 , T h e r o a d Is c o n t r o lle d b y C o x a B r o t h e r s Si C o .,
Dm,, the c o a l m in e rs. D i v i d e n d s O c t. 1 8 , 1 8 9 2 , 4 0 p. c. in ca sh ; N o v .
25 , 1 8 9 3 , 2 0 p. o. In c a sh a n d 5 0 p . o. in s to c k ; S e p t. 2 0 , 1 8 9 4 , 2 0 % p, c.
In c a s h ; N o v . 3, 1 8 9 9 , U N o v . 3, 1 9 0 1 , 4 p, e. c a s h y e a r ly (p a id .1 J .);
in 1 9 0 2 , May* 28? p. o* M ort, tr u s te e T r u s t C o. o f N orth A m e n c a , P b ila .
E a a N i M H . l n y e a r 1 9 0 0 0 \ g r o s s , $1 ,14 5 ,2 6 2 ; n e t, $ 1 1 1 ,4 8 2 ; Iri ter.
eat, $ 3 5 ,^ 0 7 ; d e p r e c ia t io n , $ 5 0 ,0 0 0 ; b a h , s u r p lu s , $ 5 6 ,2 1 5
O e * iI o n R o n l » a m Sc N e w O r l e a n s I t '
D» nlnon to B o n h a m ,
T e x , 2 9 D rie s
O p e r a te d s in c e c o m p le t io n D ec. J, 1 9 0 A, by 1 he M o.
K a n sa s fa T e x a s u n d e r a D n - je a r c o n t r a c t . S t o c k , $ 1 8 0 ,0 0 0 Jn J u n e ,
1 0 0 2 , a p lic a t io n w a s m a d e f o r p e r m is s io n to is su e $ 4 o«»f()0 o p o n d s .
P r e s id e n t, JKd, D . S t a g e r ; S e c ,, J o h n VV. R u s s e ll. (V . 7 4 , p. 1 195.)
D e n v e r L a k e w o o d Sc G o l d n I t t t , —*K m b r a c e s 2 7 m ile s o f
tr a c k , o f w h ich 2 2 s t e a m , D e n v e r to R a ls t o n , a n d 5 t r o lle y , D e n v e r to
B a rm a n . W W . H orst, r e c e iv e r . On .May 17, 19**2, fo r e c lo s u r e d e e r c o
W as e n te r e d , V 7 4 , p. J 1.9 9. B lo ck , $ 3 ,0 0 0 ,0 0 0 , F o r 19 00 0 1 , g ro s s ,
$ 5 3 ,4 4 4 , n e t, $ 1 2 7 1 9 . P r e s id e n t, B a m u el N cw h O iise. V. 7 4 , p. 3 139.
D e n v e r N o r l i w o t o r n Sc P w r l l l f , R y . — P r o je c t e d fr o m D e n v e r
t o Halt L u k e, 5 2 5 m ile s , a lo n g a lin e a b o u t 1 0 0 m ile s s o u th o f th e
! f n i o n P ac ifle slid »2 5 n >1 • » nor t h f > t b« 1n*nv c r fa R o ft r ■
.1
f
>
iftde, j% d
n
t h e n c e to nan F r a n c is c o , f r ic o r p o r a te d in J ul - . 19 0 2 , *4th $ 2 0 .0 0 0 , duo
a u th o r iz e d s t o e k .o f w h ich $ 1 0 ,0 0 0 ,9 0 0 p r e fe r r e d V. 7 5 . p. I 4. H alls,
it Is * r a te d , h ad t e e n o r d e r e d in J u n e , i »02. D a v id 11 *1ofTs.r. o f D env e r , is pr* m u tin g th e e n te r p r is e . B o n d s p r o p mu d, $ 2 0 *0 0 0 , 0 0 0 , (Y . 7 5 , p . 184.)
D e n v e r A H I o f* r n f i d e R It , — ( B e t M a p ) K o a t> T h e lin es o f th is
C om p a n y , w ell s h o w n on th e a d jo in in g m a p , r e a c h 'a ll th e Im p o rta n t
p o in ts in D olor a d o , w h ile Its s ta n d a r d g a u g e lin e fr o m D e n v e r v ia P u e b lo
w e s te r ly , v ia L ead vlIJ e a n d G ra n d J u n c t io n , fo r m s a lin k In th e tr a n s
C o n tin e n ta l r o u t e t o O g d e n , B alt L a k e c i t y ,
in c lu d in g :
$200,000
650,000
J. & J. P bila.,B road St.Station
do
do
3
4
1,300,000
± g- F. & A.
1,500,000 See text. M. & N.
550.000
6 g. A. & O.
627.000
6
38,000,000
44 345,880 5 in 1902 J. & J.
fc
31,050,000
4 g. J. < J.
6,382,500
4 ^ g . J. & J.
8,120,000
5 g. J. & D.
X 2 ,277,000
4 g J. & J.
1,850,000
fc
5 g. J. < D.
Jan. 1, 1932
Overdue.
Philadelphia. Pa.
Aug. 1, 1936
D rifton, Pa.
May 1, ’02,21s
Philadel., Co.’ s Office. Apr. 1, 1909
Office, 195 B ’ w ay, N. Y.
N. Y ., Fourth Nat. Bank.
do
do
do
do
N. Y ., M aitl’ d, O. & Co.
do
do
J u ly 15,’0 2 ,2 ^
Jan. 1. 1936
Jan. 1, 1936
June 1, 1928
Ju ly 1, 1940
D ec. 1, 1939
3,000,000 See te x t Q —F.
Checks mailed.
2,000,000 See text. Q .- F .
do
do
509,000
5 g. J. & D. N. Y ., Farm. L. fa T. Co.
114,923,000
5 g. J. & D. N. Y ., K essler fa Co.
4,283,000
763,500 7 in i9 0 2 August. Chicago, C. R. I. fa Pac.
4
J. & J. N. Y ., Chic.R.I.& Pac.Co.
1,200,000
1,200,000
do
do
2*3 J. & J.
4
do
do
672,000
J. & J.
1,000,000
5 g. J. & J. N .Y., C olonial Trust Co.
400.000
671.000
N. Y ., Central Trust.
5 g. M. & N
A. & O. 5 Nat. Bk. o f Comm’ ce >
6
2,000,000
A. & O. l N. Y. and London. 5
3,200,000
6
1,350,000
4
J. & J. N. Y ., Farm. L. & Tr. Co.
F eb .2 0 ,’ 0 2 ,113
F e b .2 0 ,’02,1k*
Dec. 1, 1925
Deo. 1, 1929
e sinking fu nd.
A u g .1 /0 2 ,7 %
Jan. 1, 1905
Jan. 1, 1905
Jan. 1, 1905
J u ly 1, 1931
N ov. 1, 1917
N ov. 14, 1918
Nov. 15, 1918
July 5, *02, 2%
x A Iso $ 2 ,9 3 3,0 00 n ot guaranteed.
Miles.
Road ow ned and op era ted. ..1 ,6 4 2
Rio Gr. Jc. R R ., etc. (lea sed ).
62
Leased to R io Grande W est..
18
M iles.
O f the preceding:
Standard g a u g e . . . . . . ............ 810
(Of wliich 346 is 3d rail.)
N arrow gauge o n ly.......... ....... 912
T otal June 3 0 ,1 9 0 1 ............ 1,722 2d track and 3d ra il................ 381
Branch, T exas Creek to W estcliffe, Col., 26 miles, was opened in
June, 1901, and another from Moffat, Col., to Crestone, 18 miles, com
pleted in N ov., 1901. R io Grande W estern, see that co., also >elow.
H i s t o r y .— Reorganization o f a railw ay com pany o f sam e nam e fore
closed Ju ly 12, 1886. The R io Grande Junction is leased join tly by
this com pany and the Colorado Midland, and its bonds guaranteed.
The Missouri P acific early in 1901 acquired $ 1 4 ,8 0 0 ,0 0 0 com m on and
$7,300,000 p referred stock, this, togeth er w ith the R ock efeller inter
ests, it is understood, constituting a con siderable m ajority o f the en
tire s to ck .- Y. 72, p. 338, 580, 1238; Y . 73, p. 506.
D i v i d e n d s since ’ 91 > ’92 ’ 93 ’ 94 ’ 95 ’ 96 ’97 ’98 ’ 99 ’00 ’ 01
1902
on pref., per cen t......... s 0
2 0 0
2 2 2^ 4
4 5
5
B o n d s . —Consols fo r $6,900,000 origin ally reserved fo r extension t o
Ogden (made unnecessary hy acquisition 01 R io Grande Western) m ay
be used fo r other capital requirements. V. 73, p. 507. See abstract
o f m ortgage in C h r o n i c l e , Y .47, p. 228.
The improvement mortgage abstract was in C h r o n i c l e , V. 47, p. 229.
The stockholders voted on May 15, 1901, (1) to acquire the com
mon and preferred stocks o f the R io G rande W estern Ry., (2)
to can cel the D. & R. G., $4,350,000 preferred and $7,500,000
com m on treasury stock reserved to acquire the Rio Grande W estern
and thereupon (3) to increase the preferred stock from $23,650,000 to
$44,400,000, (4) to issue $6,900,000 consolidated m ortgage bonds
for future requirem ents. Of the new preferred stock, $12,500,000
was subscribed by stockholders at 90 and used to acquire practically
the entire R io Grande W estern com m on stock
A bou t $7,450,000
of the $7,500,000 preferred stock of the latter w as exchanged
In 1901-2 for preferred stock o f the D enver Com pany on basis of 10
shares of W estern fo r 11 share* o f D en ver stock. Through the R io
Grande W estern the Utah Fuel Co. was acquired.—V. 72, p. 775.
L a t e s t E a r n i n g s .— F ro m J u ly 1 t o M ay 3 1 , 1 1 m o n t h s :
11 mo 8.—
Gross.
Net
Oth. inc.
Charges
B a l.,su r.
1 9 0 1 -2 ...$ 1 0 ,6 - 0,892 $4,022,282 $127,729 $2,279,302 $1,970,710
1 9 0 0 -1 ... 10,463,152
3,941,301
108,206
2,193,135
1.856,372
A n n u a l R e p o r t .— Full report fo r 1900-01 in V. 7 3, p. 492, 506. See
also p. 470.
Year ending June'SO— 1901.
1900.
1899.
1898.
A verage miles opeFted
1,668
1,674
1,670
1,666
$
$
$
$
Gross e a r n in g s ......... 11,452,404 10,246,080 9,270,246
8,342,926
Net earnings............
4,328,506 3,760,241 3,559,897
3,325,326
Other in c o m e ........... .
111,374
113,684
110,327
62,403
Total net in com e........... 4,439,880 3,873,925 3,670,224
3,387,729
Interest on b onds......... 1,855,122
1,882,106 1,900,810
1,997,950
Faxes and insurance..
396,471
357,527
337,552
362,098
New e q u ip m e n t.................... .
130,161
177,590
M iscellaneous...............
274,864
319,829
275,133
179,179
Dividend on pref. stk .(5) 1,182,500 (4)946,000 (4)946,000 (2 ^ )5 9 1 ,2 5 0
Balance, su rp lu s.------ -
730,923
238,302
33,1 9
257,252
O f f ic e r s — C h a irm a n o f B o a r d , G e o r g e J. G o u ld ; P r e s id e n t ^ . T. J e f
fe r y ; V ic e -P r e s , a n d G e n M g r , R u s s e ll H a r d in g ;T r e a s ., J. W . G illu ly ;
See. a n d C o m p t r o lle r , S te p h e n L it tle . Office, 1 9 5 B r o a d w a y , N . Y.
Directors. Doorge J. Mould. Mortimer D Held IT IRlwurd IX. Harrlman,
.
Winslow 8, Ph reo find Arthtir Coppoll, New York: UI.T. JoflVsry, Denver, Col.; 0 ,
CL W arner and Runnel I H a rd in g, H Louis; Edward O. W o l c o t t , Denver.
fc.
— (V . 7 3 , p . 2H H , 1112 , 5 0 6 , 0 1 5 , 8 4 2 , 1 0 1 0 ; V, 7 4 , p . 4 7 7 , 5 7 0 0
D e n v e r Sc N o u t l i w e s t e r n I I y . — D iv id e , Col., to C r ip p le C r e e k
a n d F lo r e n c e , ©to., 7 7 m ile s ; V i c t o r to I s a b e lla , 0 m ,; b r a n c h e s a n d s p u r s
to m in e s , e t c ., 47 m ile s : t o t a l, 1 3 0 m ile s , o f w h ich 43 m ile s s t a n d a r d
g a u g e , in c o r p o r a t e d in N o v ., 1 8 9 9 , to a c q u ir e M id la n d T e r m in a l
R y ., F lo r e n c e fa. C r ip p le C reek R R ., G o ld e n C ir c le li f t ., L a B e lla M ill
W a te r fa P o w e r C o ., C o lo r a d o T r a d in g fa T r a n s fe r (jo , a n d .$ 2 2 5 ,0 0 0
b o n d s o f U n ite d S t a le s R e d u c tio n fa R e fin in g O o. Bee p r o s p e c t u s , V .
0 9 , p. 8 5 1 , 1 0 1 1, 1 1 0 3 ; V. 7 2 , p. ft8 4 ; V , 7 4 , HBO; a ls o a d v . In Ciiuom GLlO
o f M a r oil 3, 1 9 0 0 , p. lx .
S t o c k a n d B o n d s , C om m on sto c k , $ 3 ,0 0 0 ,0 0 0 ; 5 p. 0, n on -cu m . p r e
ferred s to ck , $ 2 ,0 0 0 ,0 0 0 ; all Issued. O f t he gen. m o r t 3 0 year fm $ 5 7 7 ,0 0 0 w ere reserved to redeem the o u tsta n d in g $ 5 7 7 ,0 0 0 M idland 5 a, th e
o n ly u n d erly in g bond© rem a in in g unreM rcd; $ 1 0 0 ,0 0 0 have been p u r-
ebased by the sin kin g fu n d , and $ 1 0 0 ,0 0 0 p u rch a sed from ftUrpluB
ea rn in gs are held in the treasury aft an asset
V. 74, p. 8HO. .Sinking
fu n d o f $ 0 5 ,0 0 0 y e a rly w ill retire b o n d s p u rch a sa b le In the op en m a r
k e t a t n o t e x c e e d in g (10*
D iv id f . ndh, On co m m o n , 1 G p, 0, q u a rterly M ay 1. 1900. to Feb 1,
19 0 2 , D id ,; p r o f., 1 l4 p. e. q u a r t o r ly M ay V J0 0 0 . to F eb , 1, 19 0 2 , tool.
In M ay, 10 02 , d iv id e n d s w e r e d e fe r r e d h ecu u o o f r a te w a r , w h ic h
w as settled D, J u ly , 1902. V, 7 4 , p, 0 3 0 ; V. 7 5 , p. 2 9 , 70.
E f f o r t , He p o rt fo r y e a r en d in g N ov, 30, HH)I, w as In V, 74,
n HHO, show lug gros-' $ (,8 4 0 ,0 0 9 ; n d , $ 0 0 0,06 I ; I n t e r e s t on bon d s,
$ 2 7 2 ,4 2 0 ; sin k in g fu n d. $ 1 2 3 0701 d lv on j ref. (5 in c.) $ 1 0 0 ,0 0 0 ; d lv.
o n corn. (0 p e ), $1 -0 ,000; hah, d e ficit, $1.5,751. in 1800 19u(), grosft,
.Evanston
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C H E Y E N N E . JlfVC Burns
RAILROAD STOCKS AND BONDS,
J u l y , 1902.]
ft7
Ronds—P rin ci
INTERE8T OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
When Where Payable, and by Stocks—Last
of
Par
Rate Per
For explanation of column headings, &e., see notes
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
on first page o f tables.
RAILROADS.
Detroit Lansing < Northern—See P e r e M a r q u e t t E RR.
6
All 1895
1,000 $1,050,000
Detroit < Mack.—“ 1st lien,” $1,500,000. g .I H o ..c ‘
£
4 g- J. & D. N.Y., J. P. Morgan & Co.
A ll 1895
do
do
1,000
1.250.000
“ Mort. bonds” $2,500,000 gold, red.at par.M o.c*
1 g- J. & D.
Detroit Monroe <6 Toledo—Bee L. S h o r e & M i c h . S i .
1,000
4.000. 000
Det. So.—1st M., g.. $4,500,000, red. to ’06 at 105.Ce 263 1901
4 g. M. & 8. N.Y.,Colonial Trust Co.
408 1901
2.750.000
4 g. J. & D.
do
do
Mortgage, $10,000,000 g o ld ,C o ..........................o*
1,000
___ __
Ohio South’n, equip, notes, due $6,560 m onthly.
ab out 300,000
5& 6
m•
A. & 0. N. Y., 143 Liberty st.
100
140.000
6
Dover <6 Rockavoay—Stock,6 p. c., rental 999 years. m m
5 1881
35,000
6
J. & J.
do
do
1.000
1st m ortgage................................................................
1,000
5.425.000
Dub. dt 8 . City—HI. Cen., W. lines, 1st M.,g.Us.o*&r 218 1895
4 g. F. & A. N. Y ., Office, 214 B’way.
184 1869 500 &c.
A. & O.
do
do
Iow a Falls & Sioux City 1st M., Ia. F. to 8. C ity..
2.800.000
7
8.430.000 Deposite d to sec ure HI. Central bonds.
Cher & Dak.,C. R. &C. and Om ahaDiv.,etc.,lstM . 328 ’ 88-00
A. & O. N. Y., Of., Empire Bldg.
Duluth & Iron Range—l e t m o rtg a g e .M p .........o&r 184 1887 l.OOO&c
6.732.000
5
6
J. & J.
do
do
1,000
2d mort., currency, red. at 105, $5,000,000,Ce.c* 184 1896
See text.
1892
65
1.174.000
Duluth Missabe < North’n —1st mort., gold, s. f ___
2
6 g. J. & J.
130 1893
1,000
1.850.000
1st consol. M., $3,500,000, g., call at 105.......... Ce
6 g. J. & J. N. Y ., Central Trust Co.
130 1898
do
do
1,000
2d mort. ($5,000,000) gold, red. at 1 0 5 ........ Ce.o
4.658.000
5 g. J. & J.
1,000
1.077.000
A. & O. New York, 44 W all St.
Duluth So. Sh. < A tlantic—Marq.H. & On. gen.M. C e.o* 156 1885
2
6
do
do
1,000
Duluth 8outh Shore & Atlan., 1st M., gold.Ce.c&r 416 1887
3.816.000
5 g. J. & J.
1,000
First consol, mort., gold, interest guar.C e.c'& r 572 1890
15,107,000
4 g. F. & A. New Y ork or London.
New York.
Inc. certs. ($3,000,000 held b y C. Pac. July, ’01) . . . . 1892
3.000. 000
4
....
....
Car trusts June 1 ,1 9 0 2 .............................................
349,083
1,000
See text.
Dul. Ya. & R ainy Lake—1st M., $2,000,000, g -..c * . . . . 1902
5 g. M. & S. Minneapolis, Minn.
35
N. Y .,N . Y. Cent.& Hud.
1,000
D unk.Al.Val. < Rittsb.—1st M., old 7s, to be refund.
2
2.900.000
....
.......
Dutches8 County—Bee C e n t r a l N e w E n g l a n d .
1873
1,000
East Broad Top RR. < Coal—1st m ortgage........... r
2
4
J. & J. Jan., ’ 85, int’ stla st pd.
500.000
__„_
J.& D.15 Phila., Pa., Read, Term.
50
East Mahanoy RR.—Stock...........................................
5
497,750
__m
36
50
J. & J. Phil., Phil. & Read. Ry.
East Pennsylvania— Stock 6 p .c gu.999yrs.Phil.&R.
1,730,450
6
36 1888
do
do
1,000
IstM ., g o ld , g u a r. p.&L b y P . & R. RR. (e n d .) ...c *
495.000
4 g. M. & S.
Easl Tenn. Ya. c2 Oa— S ee S o u t h e r n R t .
31 1881
M. & N. Phila. Gu. T. & S. D. Co.
6
East Tenn.dt IF. N. Car.—lstM .$250,000. G u P .cur.c.
250.000
—
—
Eastern Kentucky Ry.—Stock ($1,779,500 is pref.)
100
3,447,300
$2,481,567; net. $973,395. President, W. K. Gillette Secretary and
Treasurer, J. P. Cobb. Office, 52 Broadway, N. Y .—(V. 75, p. 29, 76.)
D es M o in e s Sc F o r t D o d g e R R . —Owns Des Moines to Ft. Dodge.
Ia., 88 m., and Tara to Ruthven, 55 miles; trackage, Illinois Central, Tara
to Fort Dodge Junction, included above. Leased Jan. 1,1887, to Chic.
Rock Isl. < Pac. for 18 years at rental of 30 per cent of gross earns., with
fe
a guarantee of 4 per cent interest on the Series A bonds, and 2 tj per
cent per annum on the Series B bonds, both series being equally secured
by the m ortgage o f 1874. The series B were originally 6 per cent in
comes, but their coupons have been stamped, reducing the interest rate
to the 2 ^ p. c. guaranteed. Preferred stock is entitled to 7 p. c. noncumulative dividends, then com mon to 7 p. o. after which both share
equally. In 1901-1902 newparties purchased stock. V. 74, p. 1038.
D ividends .— ? 1893
’ 94
’ 95
’96 t o ’93
1899 to 1902
on pref. (p. c.) >
2
4
4
6 yearly
7 yearly
Rental for year ending Dec. 31,1901, $207,573; for 1900 was $189,894.—(Y. 72, p. 1135, 1 2 3 5 ; Y. 7 4 ,p 1038; V. 75, p. 1 3 3 . )
D es M o in e s I o w a F a lls Sc N o rth e rn R y .—Under construction
in April, 1902, from Iow a Falls, Ia , to Des Moines, 75 miles ; in opera
tion Iowa Falls to McCallsburg, 27]2 miles. Stock authorized, $ l,2 o0 ,010. Bonds are subject to call at 105 on and after July 1, 1906; they
are limited to $14 000 per mile, with $50,000 additional for Des Moines
terminals. President, E. S. Elsworth, Iow a Falls; Sec., J .H . Funk;
Treas., W. H. W o o d s .-(Y 73, p. 1159; V. 74, p. 1038.)
D es M o in e s U n io n R y .—Terminal road in Des M oin es; owns 3*7
miles main track and branches, 9 -7 miles 2d and side tracks, bridge
across Des Moines River and 25 acres of land in Des Moines. See
statement to N. Y. Stock Exchange V. 65, p. 1173. Leased to Wabash.
RR., Chicago Great Western and Chic. Mil. & St. P. Ry Rental equal to
expenses and fixed charges paid monthly by lessees on wheelage basis.
Bills payable June 30, 1900, $59,000. Earnings for year 1900-01,
gross, $170,283; net, $48,669; charges, $48,669.—(V. 70, p. 230.)
D etro it G ra n d H a v e n Sc M ilw a u k e e R y .—Owns from De
troit to Grand Haven, Mich., 189 miles. A reorganization of Septem
ber, 1878. The principal and interest on the bonds are guaranteed by
the Grand Trunk of Canada. Stock, $1,500,000; par, $50. Real estate
bonds or mortgages, $226,000. On June 30, 1901, sundry outstanding
accounts, $356,520. Grand Trunk of Canaaa owned Dec. 31,1900,
the $1,500,000 stock. As to offer tobondholders in l9 0 0 , see V. 7 1 ,p. 84.
For year ending Dec. 31, 1901, gross. $1,077,220; net, $283,270;
Charges, $362,500; bal., def., $79,230. For 1900, gross, $1,006,323.
D etro it G ra n d R a p id s Sc W e s t e r n .—See Pere Marquette RR.
D etro it H ills d a le Sc S o u th w e ste r n R R .—Owns from Ypsilanti,
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.
June 1, 1995
June 1, 1995
Mch. 1, 1941
June 1, 1951
To 1905
Apr., 1902, 3%
Jan. 1, 1906
Aug. 1, 1951
Oct. 1, 1917
Oct. 1,
Jan. 1,
Jan. 1,
Jan. 1,
Jan. 1,
Apr. 1,
Jan. 1,
Aug. 1,
Dec. 31,
1903 to
Mch. 1,
1937
1916
1922
1923
1918
192J5
1937
1990
1912
1906
1922
July 1, 1903
J’ne 15,’02,2ifl
July 1 6 /0 2 ,3 %
Mch. 1, 1958
Nov. 1, 1905
money lien on the Ohio Southern Ry. (Lima to Wellston and branches,
in all 263 m iles); upon their retirement, for which $4,500,000 o f
the fifty year 4s are reserved, the latter will he a first m ortgage on
all the consolidated properties. Of the 50-year 4s $2,750,000, to
gether with $500,000 each o f preferred and com m on stock, are re
served for extensions and improvements, and $500,000 of the 40year 4s for improvements on, and equipment notes of, the Ohio South
ern R R See official statement, Y. 72, p. 1237; V. 73, p. 1261.
L a t e s t E arnings .—5 m os. , ) 1901....... Gross, $539,888; net, $148,601
July 1 to Nov. 30.
(1 9 0 0 ....... Gross, 480,624; net, 114,379
E a r n i n g s . —The earnings of the Ohio Southern R R for the year en d
ing June 30, 1900, were reported as gross, $824,820, and nee, $306,123, and those o f the Detroit & Lima Northern R y ., on a basis o f 197
miles, including 58 miles since sold, as gross, $383,745, and def. u nder
operating expenses, $6,198. Directors May, 1901, Y. 72, p. 1080.—(V.
73, p. 723, 956, 1159, 1 2 6 1 ; V. 74, p. 267.)
D e tr o it & T o le d o Sh ore L in e R R . —Operated between Toledo
and Monroe, 18 miles, track being laid ever balance of distance, 20
miles, between Toledo and Trenton, whicli is expected to be operated
shortly. To be a steam road as originally planned, connecting the
nine railroads entering Toledo with the six roads at Detroit. In Jan.,
1902, Allen F. Audrews was appointed receiver, owing to financial
embarrassment of E verett-M m re syndicate. R eceiver’ s certificates
authorized, $214,900 in Jan., 1902, and in June, 1902, $425,000, to
build connecting track with Detroit Southern at Trenton, Mich., and
purchase rolling stock. The $3,000,000 30-year 4 3 P- c. bonds author
s
ized in 1902 were never issued. (V. 75, p 629,1251.)
D o m in io n A tla n tic R y .—(V. 71, p. 29, 84; V. 72, p. 86 , 1279 )
D o m in io n S ecu rities D o.—Organized in May, 1901, under New
Jersey laws. Owns 90 per cent o f the stock o f the Cape Breton R y,
(V. 73, p. 183, 392), 60 p e rce n t o f the stock o f the North American
Lumber & Pulp Co. (V. 74, p. 887, 991); is interested in sa'e of Canada
Atlantic Ry. to Rutland RR., etc. See official statements, V. 74, p.
986, 1139. In June, 190 2, a reorganization com mittee, James G. Can
non, Chairman (Metropolitan Trust Co., N. Y ., depositary), requested
deposits. V. 74, p. 1251, 1308. Stock authorized, $3,000,000; par o f
shares, $100; outstanding, $1,681,800. First dividend o f 2*2 per cent
Jan. 15,1902. V. 73, p. 1312. Office, 25 Broad Street, New York.—
(V. 74, p. 986, 1038, 1139, 1251, 1308; V. 75, p. 29.)
D u b u q u e Sc S io u x City R R . —(See Map o f Illinois Central)—
Owns Dubuque, Iowa, to Iowa Falls, 143 miles; Iow a Falls to Sioux
City, 184 miles; Manchester to Cedar Rapids, 42 miles; Onawa, Iowa,
to Sioux Falls, Dakota, 155 miles; Cedar Falls to Minnesota State Line
(merged by consolidation in 1896), 76 miles; Tara Station, near Fort
Dodge, Ia., to Council Bluffs, 130 miles; total owned, 730 miles.
O rganization .—Controlled since April, 1/387, by the 111.Central RR.,
which owns all except a few hundred shares o f the $15,000,000 stock
(as increased June, 1900). and has issued its own bonds on the road;
the only D. & 8 . 0. bonds held by the public arc the 7s issued under
Iow a Falls & Sioux City mortgage, $2,800,000.
D iv id e n d s Since 1891—1895, D e o .,1 ; ’ 96, 3; ’ 97, 2; ’98,3Ja; ’9 9 , 1*2
1900, 3; 1901, 1^; 1902, Jan. 16, 1.—(V. 70, p. 1290.)
D u l u t h Sc I r o n R a n g e R R . —Owns Duluth to Ely, Minn.. 119
miles, withbranohesto Mesaba Range Mines, Fayal, etc., 65 miles. Owns
ore docks and yards on Lake Superior costing over $1,500,000.
STOCK, E t o .— Stock authorized, $10,000,000, outstanding $3,000,000;
par $100. Land grant from Minnesota about 506,000 acres, o f w hich
201,790 acres had been patented to it prior to April 30, 1895—V. 64, p.
1041. Federal Steel Co. (see U. 8. Steel Corp.) owns the stock and
$3,500,000 of the $4,500,000 2d m ortgage bonds. (V. 6 6 , p. 1237.)
The first mort. bonds are authorized at the rate of $25,000 per mile for
construction and $7,000 for e q u ip m e n t. Dividends prior to 1900 ag
gregated 100 per cent.
E a r n in g * . - - F o r year e n d in g June 3 0 , 19 01 , g ro s s , $ 4 ,2 0 0 ,5 8 1 ; n e t,
D e t r o i t Sc L i m a N o r t h e r n R y . —See D e tr o it S o u th e r n R y .
D e t r o it M a c k i n a c Sc M a r q u e t t e R R . —S ee M is c e lla n e o u s Cos .
D e t r o i t Sc M a c k i n a c R y . —O w n s from B a y C ity , M ich ., to T o w e r ,
178 m iles; R o s e C ity B ra n ch , 3 2 m iles; P r e s c o tt B ra n ch , 12 m iles;
V al. B ra n ch , 26 m ile s; v a r io u s lo g g in g b r a n c h e s , 70 m iles; totaJ, 318
m iles. La R o c q u e to O n a w a y , M ich ., 19 m ile s (w h ic h fo r m s p a r t o f
the e x te n s io n to M a c k in a c ), o p e r a t e d fr o m J u ly 1, 18 98 . M u ch o f th e
lo g g in g b ra n ch rniieage Is te m p o r a r y , b u ilt o n ly to b r in g o u t lu m b e r,
f-ee V. 61, p. 55 8. In 1 9 0 0 0 1 c a r r ie d 9 1 7 ,1 3 2 to n s, o f w h ich lu m b e r
and oth er fo r e s t p r o d u c ts fu rn is h e d 7 7 -8 8 p e r c e n t.
h i s t o r y , E t c . —Fo r m e d in D e c e m b e r , 1 8 9 4 , to s u c c e e d th e D e t r o it
Bay C ity A A lp e n a , s o ld In fo r e c lo s u r e . In M a y , 19 02 , G o u ld in te r e s ts
a cq u ire d c o n t r o l. V, 7 4 , p. 11 3 9 .
B o s e s . -“ M o r t g a g e b o n d s ” fo r $ 5 0 0 ,0 0 0 are r e s e r v e d fo r b e t te r m ea ts, e tc ., a t n o t o v e r $ 5 0 ,0 0 0 p e r y e a r. V. 7 4 , p, 62 9.
s t o c k . - T h e c a p ita l s t o c k is $ 3 ,0 0 0 ,0 0 0 , o f w h ic h $ 2 ,0 0 0 ,0 0 0 c o m
m on and $t ,0 0 0 ,0 0 0 p r e fe r r e d . S ee V. 7 4 , p. 6 2 9
$ 2 ,3 0 1 ,3 6 0 ; o th e r in co m e , $ 1 7 ,1 1 3 ; ch a rg es, $ 9 9 3 ,5 7 8 ; b a la n c e , su r
L a t e s t E a r s o t o h .—
/ 10 01 -2. ...G r o s s . $ 7 9 8 ,3 0 7 ; net, $ 2 2 6 ,1 6 2
plu s, $ 1 ,3 2 4 ,8 0 5 .— (V . 6 7 , p. 7 1 . )
U m os., J u ly 1 to M ay 31. j 1 9 0 0 -1 ... G ross, 7 8 5 ,7 1 4 ; net, 2 3 1 ,0 6 8
D u lu t h MlHHa.be Sc N o r t h e r n R y . —O w n s fro m D u lu th to M o u n
E a r n in g s , R e p o r t fo r y e a r e n d in g J u n o 30, 1901, In V. 7 3 , p. 12 61 .
tain Iron , M Inn., 7 7 m iles; b r a n c h e s an d sp u rs, 7 0 m iles; tr a c k a g e to
sh o w e d : G ross, $ 8 6 5 ,7 4 7 ; net, $ 2 7 5 ,3 6 2 ; ta x e s , $ 2 4 ,7 7 5 ; In terest,
U n ion D e p o t, D u lu th , 2 m iles; to ta l, 155 m iles. E n tire $ 2 ,5 1 2 ,5 0 0
$ 1 2 2 ,0 0 0 ; m isce lla n e o u s, $ 1 4 ,1 4 4 ; ba l., su rp lu s, fo r y e a r , $ 1 1 4 ,1 4 3 . s t o c k and $2 ,3cr> .00 0„of the b o n d s are o w n e d b y L ake S u p e r io r C o n s o l
(V. 7 4 , p . 6 2 9 , 1088, 11 39 ).
id a ted Iron M in es, and so b y U n ited S ta te s S tool C o r p o r a tio n w ith
D e t r o i t S o u t h e r n R y . —O p e ra te s fro m D e tro it, M ich -, to W ells
$ 1 , 1 0 0 .6 0 0 , 0 0 0 o f c a p ita l s to ck , V. 7 2 , p. 1038.
ton , O,, v ia Li m a , 3 4 3 m iles, w ith b r a n c h e s , 8 0 m iles, a to ta l o f 423
E a r n in g s . - F o r y e a r e n d in g J u n o 3 0 . 1001, g ro s s. $ 3 ,1 0 9 ,0 5 2 ; n ot,
m iles. In clu d in g a b o u t 15 m ile . o f tr u ck a g e , and th u s c o n s tit u t e s a $ 1 ,5 0 5 ,7 6 7 ; o th e r in co m e , $ 1 2 3 ,0 1 7 ; c h a rg e s , $ 5 4 5 ,1 5 3 , b a l., su rp lu s,
rou te from the b itu m in ou s c o a l Helds in B o u tln r n O hio. I n J a n ., 19 02 ,
$ 1 ,1 7 4 ,5 3 1 . (V . 7 0 , p. 175; V. 7 2 , p. 188; V. 7-1, p. 3 0 5 .)
en tire s t o c k o f th e Iron R y „ Jront.orj, <)., to C en tro, 13 m iles, With
D u l u t h S o u t h s h o r e A- A tla n tic . R y , —Operates Duluth to Ban It
bran ch es, 7 m iles, w as p u rch a sed in the in te r e s t o f (b e c o m p a n y , Imt
HU). Marie, 4 15 tulles; “ 800 " Junction to Mt. Ignace, 43 ru.; Other, 116
road Is o p e ra te d se p a r a te ly , V, 74, p, 267.
m.; total, 574 miles. Controlled hy Canadian I’ aolllo.
O r g a n i z a t i o n ,- a c o n s o lid a tio n o f th e O h io S o u th e rn R R . and the
C a p i t a l S t o c k .- C om m on s to ck Is $ 1 2 ,0 0 0 ,0 0 0 ; p r e fe rr e d , $ 1 0 ,0 0 0 .D e tr o it A L im a N orth ern R y , on J u n e 1, 1001, a ft e r fo r e c lo s u r e , p er
0 0 0 ; p a r both $ 1 0 0 . P referred s t o c k Is 6 per c e n t, non cu m . C a n a d ia n
pla n V. 7 2 , p . 4 3 8 . V, 7 2 , p. 6 2 6 , 7 2 2 , 103 l, 1080.
P a d lie J u ly 1, 1901 .o w n e d $ 6 ,1 0 0 ,0 0 0 00 111 . an d $ 5 , 10 0 ,0 0 0 p ref. s t o c k ,
S t o c k . C om m on , $ 1 0 ,5 0 0 ,0 0 0 ; p re se n t Issue, $ 1 0 ,0 0 0 ,6 0 0 ; pro
$ 8 ,0 0 0 ,0 0 0 in c o m e s an d $ 1 3 ,1 0 7 ,0 0 0 c o n s o ls ,
ferred 4 p e r c e n t, non cu m ., $ 6 ,5 0 0 ,0 0 0 ; p r e se n t Issue, $ 6 , 0 0 0 ,0 0 0 .
i
B o n d s , < o . a l.mt.niet. ttm t m o r t g a g e , V, 4 5 , p, 27 4.
%
V o t in g T r u s t - B oth c la s se s o f s t o c k are vested u ntil J u n e 1 , 1906
T h e 1 rut. c o n s o lid a te d m o r tg a g e o f 1890 hue In terest a t 4 p e r o o n t,
1
(u n less su rren d ered e a r lie r at th eir d is c r e tio n ), In the fo llo w in g v o tin g
g u a ra n te e d b y C a n a dia n P acin o, w hich J a n . 1 , 1899, h old the e n tir e
tru stees: F r e d e rick .1 Llstnan. J o h n E . B o r n e , E v a n s It. Dick, G yru s .1 . nui -1 1mull n g Issue ($ 1 5 ,1 0 7 ,0 0 0 ] 111 Its trenail ry as s e c u r ity for its 4 p. 0 .
L a w r e n c e and L e o p o ld W ftllaoh.
j d e b e n t u r e Stock ; eon sols for $ 4 ,8 9 3 ,0 0 0 ,11 n reserved for p r io r bon (Is
B o n d s . - T he $ 4 ,5 0 0 ,0 0 0 40 y ea r 4s areaecuir<d hy a p u rch a se
and a d d itio n a l a m o u n ts m a y be Issued at $ 2 0 ,0 0 0 p er m ile o f n ew lin es.
rNTESTOES’
SUPPLEMENT,
[V o l . LXXV.
Bunas -Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
of
Par
When Where Payable, and by Stocks—Last
of
Rate Per
Wor explanation of column headings, &c., see notes
Road. Bonds Value. Outstanding
Whom.
Dividend.
Cent. Payable
on first page o f tables.
RAILROADS.
Eastern Ry, o f Minnesota—See G reat North ern .
Elgin Joliet < Eastern— 1st M. ($10,000,000) g Ce.o*
6
Elisabt. Lex. & Big Sa»dy—S ee Ch e sap . & O hio
Elmira Cortland & Northern—See Le h ig h V alley
Elmira &Lake Ont—Sodus Bay & So.—1st M ., g . I J n c
Elmira < Williamsport—St’k, com., 5 p. o. ren’l, N.C.
£
Preferred stock, 7 p. c. rental, 999 yrs., No. Cent.
1st m ortgage.............................................................
Income bonds, 99 years to ru n ........................... e*
E rie & Central New T rk 1st M., $ 2 5 0 ,0 0 0 .T a ...
Erie < P ills—Stock, 7 p. o. rental,999 yrs..PennCo.
£
General mort. (now 1st) $4,500,000, g., guar.U n
E r i e R a ilro a d C om p a n y — Common stock...........
2d pref. stock. 4 p. c. non-cum
........
1st pref. stock, 4 p. c, non-cum ..
...
.......
A —O l d B o n d s A ssumed —R oads C onsolida
N.Y. &E. 1st M.,Pierm. to Dun., e x t .,’97, g o ld ..c‘
2d mortgage, (extended in 1879) gold .............c*
3d mortgage, (extended in 1883) gold .............e*
4th mortgage, (extended in 1880) g old ...........c*
5th mortgage (extended in 1888), gold .......... e*
Erie R’y .ls t M.,Buff. B r., H om ellsv. to Attica,g.c*
1st consol, mort., $30,000,000, gold, $ & £. F.o*
N. Y. L. E. & West, funded coupon bonds, gold.c*
Buff. N. Y. & Erie, 1st M. (Buffalo to Corning. . 0*
Buff. & Southw., 1st M., Buff to Jamestown, g.c*
Newburg & N, Y. 1st mort., extended in 1 88 9..c*
R —H on d a
on
P r o p e r t ie s C o n t r o l l e d
by
‘ Bergen Co. RR., 1 stM..Ruth. Jo. to Ridgew. N.J.
*Ch.& Erie 1st M.,g. (Marion, O., to Ham’ d,IndCe.o‘
Chioago & Atlantic Terminal, 1st mort., g .C e ..
(Elmira State Line Railroad, 1st m ortgage........
([Gosh. & Deck’t’n, 1st & 2d M’s.,($60,000 are 2d)
181
RR.
100
75*2
75^2
75*2
_m
■
20
85
85
....
1891
$1,000
1884
....
....
1860
1863
1902
1 ,0 0 0
1890
....
$8,352,000
500,000
5 g.
500,000
5
500,000
7
963,000
6
570,000
5
250,000
2,000,000
?*•
3.918,000
3hj g.
112,378,900
16,000,000
47,892,400 3 in 1902
50
50
1 ,0 0 0
500
50
1,000
100
100
100
TED.
446
446
446
465
465
60
526
526
140
67
12
1847
1,000
1,000
1879
1853
1,000
1857
1,000
1858 500 &c.
1861 200 &o.
1870
1,000
1878 500 &C.
1876
1,000
1877 50 &o.
1,000
1868
OWNE R8HIP OF ENTI
10
249
1881
1,000
1890
1,000
1 ,0 0 0
1888
7 1875 500 &o.
. . . . ’ 88-’ 89
G e n e r a l F in a n c e s .— O f the tonnage in 1901, ores furnished 45 p.
c., lumber, etc., 23 p. c.
L a t e s t E arn ’ s.—11 m o s.,) 1 9 0 1 -2 .. .G ross, $ 2 ,4 3 7 ,1 4 4 ; n e t, $ 8 9 5 ,2 9 3
July 1 to May 3 1 .
(1 9 0 0 -1 . Gross, 2 ,2 6 7 ,2 6 4 ; net, 7 6 3 ,6 0 0
Surplus over charges, $20,987 in 1901-2, agst. def. $94,530 in ’00-1.
R e p o r t .—Fiscal year now ends June 30. (Report for 1899 in V. 70,
p.1148 )
Tear.
Gross. Net overtaxes.
Oth.inc.
Interest.
Balance.
1900-1 $2,484,211
$740,430
$5,900 $860,023 def. $113,693
1899-0 . 2,613,943
983,062
5,129
859,700 sur. 128,491
—(V.70, p. 1 1 4 8 ; V. 72, p. 627.)
D u lu t h T r a n s fe r B y , - Foreclosed in 1902 and sold to Northern
Pacific R y.—V. 74, p. 1139.
D n ln < h V irg in ia Sc R a in y l a k e R y .—Projected from Virginia,
Minn., northerly towards Koochiching, with branches, of which 15
miles
com pleted in March, 1912.
Stock authorized, (1). In
March, 1902, filed a mortgage to the Minnesota Loan & Trust Co. of
Minneapolis as trustee, to secure $2,000,< 00 "onds, of which $1,500,-000 are issuable at $15,000 per mile of single track and remainder for
rollin g stock, etc. President, Wirt H. cook ; Secretary, Frank W.
H eim ick.—V. 74, p. 679, 936.
D u n k ir k A lle g h e n y V a lle y & P it t s b u r g .—Owns 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 o f New York Central, to which leased for 500 years from
1873 at l ’ s p. c. on stock. Capital stook, $1,300,000, N. Y. Central &
Hudson R iver Co. owning $1,067,600; par, $100. For year ending
June 30, 1901, gross, $267,624; net, after deducting taxes ($16,074),
$45,940; charges and dividends, the latter, $19,500 ( l ^ p . c.), paid by
N. Y. C en tral—(V. 70, p 1290.1
E a s t B r o a d T o p R R . Sc C oal Co. (P a .)—Owns from Mount
Union, Pa., to Woodvale, Pa., 31 miles, and leases Shade Gap, 11 miles,
and branches to mines, 3 m iles; total, 45 miles. The stockholders o f
the Shade Gap RR. w ill vote on Aug 15, 1902, on consolidation. See
V. 75, p. 77. A coal ro,gd, opened tn 1874. Stock $815,589 (par $50),
o f which $247,189 is 6 p. c. pref.; current liabilities June 30, 1901,
$341,023. Bonds in addition to 1st M., $42,888, int., 6 p. c., payable
M.-N. Year 1900-01, gross, $86,779: net, $13,678; interest, 6tc., $24,394; bal., deficit, $ 1 0 ,7 1 6 —(V. 67, p. 177; - . 75, p. 77).
E a st L o u is ia n a R R . —Pearl River, La., to Covington, 24 miles
branch, Mandeville Jet. to Mandeville, 12 miles; total, 36 miles. In
Jan., 1901, control was changed.. V. 72, p. 87. Extension proposed
to Franklinton, La., for which bonds may be issued. Stock. $1,000,000; issued, $340,300; par, $100. Year to June 30, 1900 gross, $89,628; net, $34,394: int. and taxes, $8,444; bal., sur., $15,949. Pi’esid en t.F . B. Hayne, New Orleans, La.; Treas., C. K. Mullings, Coving
ton, L a .- (V. 72, p. 87).
E a st D laltan oy R R . —Owns from East Mahanoy June, to St.
Nicholas and branches, 11 miles. Re-leased Dec. 1, 1896, for 999
years to Little Schuylkill Nav. RR. and Coal Co. at 5 per cent on stock,
and lease assigned to Phil. & R. Ry. Of the stock $283,650 is owned,
$280,000 being deposited by the Reading under its general mortgage.
E a s t P e n n s y l v a n i a R R . —Owns Reading, Pa., to Allentown, Pa.,
35 miles; second track 18 miles; all track 73 miles. Leased for 999 years
from May 1, 1869, to the Philadelphia & Reading R R. at a rental of 6
per cent per annum on the stock and interest on the bonds. Lease as
sumed in 1896 by the Phila. & R eading Railway Co. Of the stock
$878,850 is owned by the Reading Company, $875,000 o f which is de
posited under its general m ortgage o f 1897.
E a s t S h o r e T e r m i n a l C o .’ s R R . —R oad .—Owns terminal road
in Charleston, S. C., 3 miles double track laid with 60 pound steel.
Company also owns 14 wharves, 30 warehouses, about 30 acres of
land, 4 cotton compresses, etc., on the city’s water front, these being
connected by its own road with the other railroads entering the city. In
February, 1898, the interests controlling sold their holdings to C. C.
Cuyler, o f Cuyler, Morgan & Co., New York, in the Interest o f the
Plant system (now A tlantic Coast Line RR.) and associates. Bonds
have been deposited with the Metropolitan Trust Company. Bonds
are $1,000,000 first gold 5s, $166,480 funded coupon scrip and $277,000 second 8s.
R ece iv e r sh ip .—W. E. H uger was appointed receiver in January,
1896.—V. 62, p. 138. Stock outstanding, $1,120,000.
E a r n i n g s .— Net earnings fo r year ending June 30,1901, were $ 2 2 ,042; in 1899-0, $21,032.—(V. 6 2 , p. 138; V. 6 6 , p. 425; V. 6 9 , p. 1300.)
E a s t T e n n e s s e e V i r g i n i a Sc G e o r g i a .—See S o u th er n R t . Co .
E a s t T e n n e s s e e & W e s t e r n N o r t h C a r o l i n a R R . . —A nar
row-gauge road from Johnson City, Tenn., to Cranberry, N.O., 34 miles,
including 3 miles leased. Stook June 30, 1900, $501,900. Extension
t o Lineolnton, N. C., about 75 miles, projecte d For year 1900-1, gross,
$70,957; def. under op., $2,766; int., taxes, etc., $13,026.
E a s t Sc W e s t R a i l r o a d . —See Birmingham & Atlanta Air Line Ry.
E a s t e r n K e n t u c k y R y . —Road from Riverton to W ebbville, Ky.,
36 miles. Chartered in 1866 and opened through in 1889. Stook is
eonnnon $1,697,800; preferred $1,779,500. There are no bonds. Bills
and accounts payable June 30, 1901, $30,500. Earns, for year 1900-1
-gross, $52,241; net, $6,615. In 1899 0, gross. $52,588; net,,$9,887.
E e l R i v e r R R . —See Logansport & Toledo Ry.
5 g. M. & N.
2,482,000
2,149,000
4,617,000
2,926,000
709,500
182,600
16,891,000
3,699,500
2,380,000
1,500,000
250,000
N. Y., 71 Broadway.
May 1, 1941
July 1, 1924
May, 1902
July, 1902
Jan. 1, 1910
Oet. 1, 2862
1922
N. Y., Union Trust Co. J’ ne 10,’02,131
Q .-M
do
do
July 1, 1940
J. & J.
J.
M.
J.
J.
&
&
&
&
A. &
J. N. Y., Nat. Bank Com.
N. Phila., Broad St. Sta.
do
do
J.
do
do
J.
do
do
O.
F. '& A.
New Y ork,
Ang.30,’0 2,1^
M. & N. N. Y., 21 Cortlandt 8t.
M. & 8.
do
do
do
do
M. & 8.
do
do
A. & O.
do
do
J. & D.
J. & J.
do
do
M. & 8.
do
do
M. & 8.
do
do
do
do
J. & D.
do
do
J. & J.
J. & J.
do
do
RE (*) OR A M AJORITT (Oo f Oa p i t a l S t o c k , o r b y (([)
200,000
A. & O. N. Y „ 21 Cortlandt St.
6
do
do
12,000,000
5 g ■ M. & N.
do
do
300,000
5- g. J. & J.
A . & O. Elmira,Chemung Co.Bk
160,000
7
246,500
6
Various
4 g.
5 g41
ag.
5 g.
4 g4 g.
7 g.
7 g.
7
6 g5
May
Sept.
Moh.
Oct.
June
July
Sept.
Sept.
June
July
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1947
1919
1923
1920
1928
1931
1920
1920
1916
1908
1929
L ease.
Apr. 1, 1911
May 1, 1982
July 1, 1918
Oct. 1, 1905
1928-29
E lg in J o lie t Sc E a s te r n R y .—Owns from Waukegan, 111., on
Lake Michigan, via Spaulding and Joliet, to Porter, Ind., 130 miles,
and branches Normantown to Aurora, L miles—Walker to Cos
O
ter, ILL—32 m iles; Hammond to W hiting, Ind., etc., 9 m iles; total
main line owned, 1 8 1 m iles; spurs to coal mines, etc., 16 miles;
trackage (L. N. A. & Chicago, 9*2; Chicago & West Indiana, 4-8; Belt
Ry. of Chicago, 2), 16 miles; side traoks and yards owned, 93 miles,
total track operated, 320 miles.
O r g a n iz a t io n .—An outer belt line at Chicago for transfer of freigh t
without breaking bulk. Also reaches eoal fields. Entire capital stock
owned by Federal Steel Co. and so controlled by United States Steel
Corporation. V 67, p. 578, 633.
Stock .—Stock, $6,000,000, par, $100. Dividend, 4 p. c. yearly in
1899 to 1901, inclusive.
B o n d s , E tc .— First m ortgage balance unissued can he disposed o f
for extensions, betterments, eto.
For 11 mos. ending Nov. 30, 1901, gross, $2,002,133: net, $727,781;
oth. income, $17,845; int. on bonds, $359,883; bal., sur., $3?5,7*3.
Year end. June 30. 1899-00.
1898-99.
1897-98.
1896-97.
Gross earnings........ $1,923,173 $1,674,979 $1,390,695 $1,184,646
Expenses and taxes. 1,118,493
993,490
901,768
772,064
Net earnings......
Net, ine.other incom e
Interest, rentals,eto.
$804,680
820,378
387,940
$681,489
..........
371,992
$488,927
370,699
$412,582
371,669
Balance............ sur.$432,43S sur.309,497 sr.$118,228 sur.$40,913
President, A. F. Banks.—(V. 72, p. 872; V. 74, p. 151, 205.)
E lm ir a C o rtla n d Sc N o rth e rn R y .—(See Map Lehigh Valley.)—
Owns Elmira, N. Y., to Canastota, N. Y., 118 miles, and leases during
corporate existence, Canastota Northern, Canastota to Camden. N. Y.,
21 miles. In 1896, the $2,000,000 stock was purchased and 5 per
cent bonds guaranteed by the Lehigh Valley. (V. 63, p. 402.)
E lm ir a Sc L a k e O n ta rio R R . —Owns from Canandaigua, N Y., to
Chemung Junction, 64 m iles; Sodus Point to Stanley, 34 m iles; 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’ notice. Y ear ends Deo. 31.
Earnings.
Gross.
Net.
Interest,<£c.
Bal., def.
1901.....................$785,886
$31,607
$72,715
$41,108
1900..................... 774,716
47,640
74,223
26,583
E lm ir a Sc W illia m s p o r t R y . —Owns from Williamsport, Pa., to
Elmira, N. Y ., 7 5 1 miles. Leased to the Northern Central Railway
e
for 999 years from May 1,1863. The dividends on the com mon stock
are 5 p. o. and on the preferred 7 p. o., less taxes, making dividend on
common 4 -52 per oent and on preferred 6*40 per oent. Year ending
Dee. 31, 1901, gross, $1,096,912; net, $175,474; rental $177,465.
E l P a so Sc N o rth ea ste rn R R . —See N e w Me x ic o R y . & C o a l .
E rie * C en tral N ew Y o r k R R . —Cortlandt, N. Y., to Cincinnatus, 20'miles; com pleted Alay, 1898 Successor in May, 1902, to the
railway comxiany, sold in foreclosure on March 29, 1902. V. 74, p.
1139. Stock, $250,00o; par o f shares, $100. Bonds, see table above.
For year end’ g June 30,1901, old com pany, gross, $32,992; net $1,764;
interest Charges not paid. Pres. (Sept., ’ 01), Chas. O. Scull, Baltimore,
M d .-(V . 67, p. 319; V. 70, p. 1149; V. 74, p. 378, 727, 1139, 1195.)
E r i e Sc P i t t s b u r g R R . —Owns New Castle, Pa., to Girard, Pa., 81
miles; branch, to Erie Docks, 3 miles; traekage, to Erie, 17 miles; total
operated, 101 miles. Leased to the Pennsylvania Railroad for 999
ears from March 1, 1870, at a rental of 7 per oent on stook and
iterest on the bonds, and the lease transferred to the Pennsylvania
Company. Tax suit, see V. 71, p. 135.
S
E a r n in g s .—T he lease w as unprofitable to the lessees in form er years,
the deficiency b ein g in 1898, $137,967; but in 1899 profit, $32,873; in
1900, profit, $118,216; in 1901, profit, $ 3 0 7 ,4 9 8 .-(V . 71, p. 135.)
E rie R a i l r o a d , —Nee Map on adjoining page.—Embraces trunk
line from Jersey City, opposite New Y
rork City, to Chicago, 111., 998
miles, and branches 1,332 m iles; total, 2,318 miles; second track, 701
m iles; 3d and 4th tracks, 24 miles; total, 3,042 miles. The total of
2,318 miles com prises:
Leased lines.
Miles.
Lines oioned in fee.
Miles.
Piermont, N. Y., to D unkirk....447 Avon Gen. & Mt. M orris____ (118
Buffalo to Jam estown............... 67 Montgomery & Erie........... ([10
Buffalo to Corning...................... 140 Northern N .J ......................... ([26
Other branches........................... 112 Goshen & D eckertown...... ([12
Roch. & Genesee V alley... (T18
Stock all * or nearly all t owned.
Leased to Nypano RR.
'Chioago & E rie....................... ([249
‘ Jefferson RR............................ 1145 Oleve. & Mahoning V al...... (181
(N. Y .& Greenwood L. & b rs.. (151 Sharon R ailw ay.................. f3 2
98
(New Jersey < New Y ork — (T37 Other lines...........................
fe
‘ Nypano R R ..............................(1430 Trackage.............................. 168
IT See this company.
-------(Tioga R R ..................................
58
Other lines................................ 219 Lines in system June 30,’ 01..2,318
N. Y. Susquehanna & W est.. 236
H is t o r y .— On D e c .l, 1895, succeeded to the property of the old New
York Lake Erie & Western RK. Company, sold in foreclosure on Nov.
6 under its second consolidated mortgage. The new com pany holds in
fee or through ownership of all or practically all the stook of the inde-
RAILROAD
JULY, 1902.]
STOCKS
AND
BONDS
99
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,when Due.
Amount
of
When
Par
For explanation of oolumn headings, &o., see notes of
Outstanding Rate Per Payable Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent.
Whom.
Dividend.
on first page of tables.
RAILROADS.
E r ie M ail roa d —(Concluded)—
R _ R o n d s on P r o p e r t i e s C o n t r o l l e d b y O WNER
8
*Jeffers’n .lst& 2dM ’ s.f e x .in ’ 87&’89(H ’dale Br.)c
37
1st mort., Carhondale to S. depot, g o ld ..F P .o *
....
'L on g Dock Co.cons.M.,g.(now IstM .) (seetext)o*
UMont. < Erie, 1st & 2d morts. ($40,500 are 2ds) . . . .
fc
40
ilN.Y.&Greenw L., Prior lien M.,$1,500,000. N,g.
34
JNew Jersey & N. Y ., 1st M. (reorganization)... 0*
Gen. M ., $1,200,000 (red. 105 after 5 yea rs)...g
N .Y.L.E .& W .C .& R R .lstM .,‘ Taw fulm on.” UIpe' . . . .
*N. Y. L. E. & W .D.& I. Co. Is AJ.,V, 56, p. 82.F.C* . . . .
*N. Y. Pa. & Ohio, prior lieu
, gold, $ & £ .F .c * 431
Do. Leased lines—see separate statements fo r Clev.
IT N. Y. Susquehanna & Western—Northern New Jerse
C—F r i e R a i l r o a d C o m p a n y N e w B o n d s .
67
2d mort. on Buffalo & Southwest’u, g o ld ..M o .0*
1st consol. M. for $175,000,000 securing:—
Prior lien bonds, $35,000,000, gold .......F.o*& r
Gen. lien, $140,000,000, g. 3 % to J’ly ,’ 98) .c*<fer
Pa. coll. tr. M., $36,000,000, g., s.f., t e x t M e c<fcr
N.Y.L.E.& W. car tr.,B. to G. inch, part pd. an.e*
N.Y. Pa. & Ohio eq. trusts, snk. fd. 3y, dr’n at 100
New Erie RR. equipm’t trust, gold, part yearly
A von Geneseo & Alt. Aiorris and Rochester & Genes
Eureka Springs—See St. L. & No. Arkansas RR.
40
Evansville < Indianapolis—T.H.& South. IstM .F o*
6
55
Evansville & Indianapolis 1st M., gold, guar.F.W
Con.M.f$2.500.000)g.gu.p.<fcL(end.)E.&T.H. Fc* 135
Evans. < Terre Haute—Common stuck, $4,000,000
£
....
Preferred stock, non-cumulative. See te x t........
115
Consol, mortgage (1st lieu) g o ld ...........................
1st consolidated' mortgage, g o ld .F ..................... c* 144
25
Mt. Ver- od Branch mortgage, gold
F.c*
SHIP 0 F E n t ir
1867
1889
1885
’ 66-’ 67
1896
1880
1893
1882
1883
1880
&Mah.
y —Tio
$500&o.
1,000
1,000
100 Ac.
500 &c.
500 &c.
1,000
1,000
500, <fcc
Valley
ga RR.
1895
1,000
aj ORITY (t) OF C a p i t a l S t o c k ,o r b y ($) L e
$300,000 4Lj & 6 J. & J. Phila., Fidelity Tr. Co.
2,800,000
5 g. A. & 0. N. Y., 21 Cortlandt St.
7,500,000
6 g. A. & O. N.Y.,J. P. Morgan & Co.
170,500
5
Various N. Y., 21 Cortlandt St.
1,500,000
do
do
5 g. M. & N.
M. & N.
400,000
6
do
do
629,500
5
J. & J.
do
do
1,100,000
6 cur. M. & N. N. Y ., 21 Cortlandt St.
3,396,000
6
J. & J.
do
do
8,000,000
do
do
4 12g. M. & 8.
RR. and Sha ron Ry.
—See each c ompany.
e
(*) o r a M
1,000,000
5 g. J. & J. N. Y ., 21 Cortlandt St.
1895
1,000
34,000,000
4 g.
1895
1,000
34,885,000
4 g.
1901 1.000&C 32,000,000
4 g.
....
1,000
857,230
5 &6
’88-’90 £100
1,235,135
5 g.
1900
3,805,145
5 g.
see Ya lley Sto cks—S e e th OSE Cos.
1879
1884
1886
....
....
1880
1881
1883
1,000
1,000
1,000
50
50
1,000
1,000
1,000
E r ie R a i l r o a d . —Concluded .
pendent companies, the line from New Y ork to Chicago (including the
Nypano RR. and Chicago & Erie companies) and also all branch and
subsidiary lines except a few small properties. The reorganization
p l a n of 1895 was in V. 61, p. 368.
In January, 1898, control of the N. Y. Susquehanna & W estern was
obtained. The road is operated as an independent line.—V. 66, p. 83,
335, 573, and editorial p. 53. See 8 tock below.
In March, 1901, nearly entire stock of Pennsylvania Coal Co. was aoquiren, the purchase including valuable coal mines. Erie & Wyoming
V alley RR , Scranton. Pa. to Lackawaxen. 64 miles, 48 miles of gravity
road with terminus at H awley, Pa., and the Hawley branch. 13 miles,
form erly leased to the Erie. See B onds below .—V. 71, p. 1219,1311;
V. 72, p. 44. i :-i6, 241, 532, 627; V. 73, p. 398. In 1900-1 an interest
in the stock of the Lehigh Valley RR. was purchased.—V. 73, p. 391.
Coal and Steam boat P r o p e r t y .—The Erie coal properties repre
sent an aggregate of 10,500 acres of anthracite, of which about
9,000 acres are held in f e e ; also 53,000 acres of bituminous coal
lands held in fee 14,000 acres o f bituminous held under mineral
rights. Its coal tonnage in the year 1900-01 aggregated 12,274,207,
out of the 25,999,602 tons hauled. The Union 8teamboat Co. has ter
minal, etc., properties in Buffalo and 8 lake steamsrs. See V. 63, p. 514.
The P e n n , coal properties acquired in 1900 are additional. See above.
Stock .—The slock is to be held by J. Pierpont Morgan, Louis Fitz
gerald and Charles Tennant. Bart., voting trustees, for five years, and
thereafter until the new first preferred stock shall have received 4 per
oent cash dividend in one year. The new com pany reserves the
right to redeem either class o f its preferred stock at par in cash. Pro
visions of voting trust and preferred stock certificate were given in
Supplement of April, 1897, page 3.
In Mar., 1898, Erie 1st pref. stock was increased from $30,000,000 to
$43,000,000, nd common stock from $100,000000 to $113,000,000, to
acquire New York Susq. & Western stock .- See V. 66, p. 335, 573. The
1st p ref stock was fu r1her increased in 1901 $5,000,000 in connection
with the purchase o f the Pennsylvania Coal Co. V. 72, p. 136.
D i v i d e n d s .— Fir s t se m i-a n n u a l d iv id e n d on 1 s t p r e f., m p. e,, fr o m
ea rn in g s o f » ix m o n th s e n d in g J u n e 3 0 , 1 9 0 1 , w a s p a id A u g , 3 0 ,
19 01 ; in 1 9 0 2 , F e b , fig p . C.; A u g ., W p . c.
B o n d s .—T h e n e w fir st c o n s o lid a te d m o r t g a g e Is f o r $ 1 7 5 ,0 0 0 ,0 0 0
[F a r m e r s ’ L oa n & T r u s t C o. tr u s te e ]— see a b s t r a c t o f d eed V .6 2 , p. 8 9 ,
an d secu res $ 3 5 ,6 0 0 ,0 0 0 p r io r lie n a n d $ 1 4 0 ,0 0 0 ,0 0 0 g e n e r a llie n bon ds.
O f th e $ 1 4 0 ,0 0 0 ,0 0 0 g e n e r a l l i e n b o n d s , $ 9 1 ,0 0 3 ,0 0 0 a r e r e s e r v e d fo r
th e u ltim a te a c q u is itio n o f b o n d s a n d g u a r a n te e d s to c k s l e f t u n dis
tu rb ed on v a r io u s p a rts o f th e sy stem [se e lis t V. 6 2 , p. 8 9 ], a n d $ 1 7 ,0 0 0 ,0 0 0 w e re r e s e r v e d f o r n e w c o n s tr u c tio n , b e tte r m e n ts , a d d itio n s ,
e tc ., a ft e r 1897, u n d e r c a r e fu lly g u a rd e d r e s tr ic tio n s , n o t o v e r
$ 1 ,0 0 0 ,0 0 0 to b e u sed In a n y o n e y e a r .
T h e p o s itio n o f th e first c o n s o lid a te d m o r tg a g e is s u b s ta n tia lly fts
fo llo w s : I t is a first lien [m o r tg a g e o r c o lla t e r a l, th e p r io r lie n b o n d s ,
h o w e v e r, p r e ce d in g the g e n e r a l lien b o n d s ] u p o n th e c o m p a n y ’ s c h ie f
c o a l p r o p e r tie s (e x c e p t Perm . C o a l Co.) u p on its w a te r tr a n s p o r t a
tion lin es, in c lu d in g v a lu a b le te r m in a l p r o p e r t ie s a p p u r te n a n t th ereto,
and u pon a n u m b e r o f p r o fit a b le lo c a l lin es in N ew J e r s e y a n d n e a r
B u ffa lo; it Is a s e c o n d h e n u p on c e r t a in m in or c o a l p r o p e r tie s and
u pon the r a ilr o a d s le a d in g to a ll th e c o a l p r o p e r tie s , u p on th e t e r
m inals at J e r s e y C ity , u p on the B u ffa lo N e w Y ork & E rie R a ilr o a d
(the m ain lin e to B u ffalo) and th e B u ffalo te r m in a l p r o p e r t ie s o th e r
than th ose u pon w h ich it Is first lien , an d u pon th e e n tir e lin e from
S a la m a n ca to C h ic a g o ; It Is a s e c o n d c o n s o lid a te d m o r t g a g e u p on
the lin es b e tw e e n P ie r m o n t a n d D u n k irk (4 4 6 rnlles.)
T h e c o lla te r a l tru st ss o f 1 0 0 1 a r e s e c u r e d b y 51 p er c e n t o f th e
en tire N ew v o rlt S u sq u eh a n n a A W estern s t o c k ($ 2 6 0 0 0 ,0 0 6 to t a l
Issue), n e a rly all o f the P e n n s y lv a n ia C o a l O o s t o c k , an d th e s t o c k
of the Erie * W y o m in g V a lle y R R , S c r a n to n . P a., to L a c k a w a x e n , 04
m iles, and t h « D e la w a r e V a lle y A K in g s to n R R . O f th e b o n d s * 3 2 ,0 0 0 ,0 0 0 w ere Issued to a c q u ir e th ese s t o c k s (e x c e p t in g th e N. Y .,
bu sq, A West,, rn. a lre a d y o w n e d ), th e r e m a in in g # 4 ,0 0 0 ,0 0 0 b e in g r e
served for Improvements to the properties represented i>y the stocks
acqu ired
A ■Inking fu nd o f 10 c e n ts p e r to n o f c o a l sold w ill p u rc h a s e
bon d s at. not. e x c e e d in g 105, o t h e r w is e to tie a p p led to the d r a w in g
o f bon d s b y lot, all su ch b o n d s to b e k e p t a liv e and the a c c r u in g Inter
e«t thereon to he a Ided to t.hn sin k in g Fund, w h ich , It w as e u iu ia te d .
Will be su fficie n t t o retli o th e W hole Issue a t o r b e fo r e m a tu r ity .— V.
71. p, 1219, 131.1; V. 7 2 . p. 44, and c ir c u la r , p. 13 6 . 532 257.
Real esta te mortgages outstanding Juno, 30, 1901, « ‘771,400.
0 1 4 Honda
U n der the Hr 5. c o n s o l, m o r tg a g e » f 1805 th e c o m p a n y
coven, n fs f,o p a y the In te re st r e g u la r ly o h all the o ld flo o d s In the
ta b le tn .;‘ a re m a rk ed w ith a ' o r a l ( e x c e p t N, J . A N. V. h o o d s ,)
and to tak- ‘ hem up and pledge them with the trustee at. m a tu r ity .
L o n g P o r k tin sen M arch , 1894. H tjpw.f.M KM u n d er N, Y, L. E. A. W.
t o r at. T. L u k e E ric r ig. fjtm l if U H ., see Hr.'f. Jnrtuai " , 18 95 .
f
F i x e d C h a r g e s . - T h e fix ed c h a rg e s o f th e S ystem w ere re d u c e d by
Mm re o rg a n iz a tio n fro m $ 0 ,4 0 0 ,0 0 0 to $ 7 ,8 0 0 ,0 0 0 per a n n u m .
G e n e r a l F in a n c e s ,- T o .tune I, 19 01 , $ 4 ,0 0 0 ,0 0 0 or # 5 ,0 0 0 ,0 0 0
prior 1lor, bonds reserved for construction and new equipment were
s o lo ; also $ 1 ,0 0 3 ,0 0 0 g e n e ra l Hen b o n d s Issued fo r oom d.ruoM on, etc-,
during i OO I V. 7 1 , p 7 5 4 , 1219, T h e f!r«t, d iv id e n d mi first, pro
lerred whs d e cla re d In J u ly , 1901. Hoe a b o v e and V. 73. p 137.
tor-A" i1" 11 1 1
’ ' '
" f the c o n tro l o f the P e n n s y lv a n ia Ckiai C o. la te in
iMOP rem ov ed the d a n g e r o f an in d epen den t, ant.hr,•«•«, m a t line to
tidewater. T h e a c q u is itio n w as financed b y th e Issu e o f $ 3 2 ,0 0 0 , 0 0 0
J. & J. New Y ork & London.
J. & J. N. Y .. 21 Cortlandt St.
F. & A.
do
do
Various
do
do
Various
London.
Various
New York.
M .&
251,000
7
647,000
6 g. J. &
1,602,000
6 g. J. &
3,987,383 l ^ l n ’01 M. &
1,282,417 5 in 1901 A. &
30,000
6 g. J. &
3,000,000
6 g. J. &
375,000
6 g. A. &
8. N. Y ., Farm. L. & Tr. Co.
do
do
J.
J.
do
do
N.
0.
Checks mailed.
J. N.Y., Farm .L. & Tr.Co.
J.
do
do
O.
do
do
a s e . —Ooncl.
July 1, 1927
Jan. 1, 1909
Oct. 1, 1935
1926-27
May 1, 1946
May 1, 1910
1932
May 1, 1922
July 1, 1913
Mar. 1, 1935
July 1, 1908
Jan. 1, 1996
Jan. 1, 1996
Feb. 1, 1951
Y early to 1905
1908 & 1910
To 1907
Sept. 1, 1909
July 1, 1924
Jan. 1, 1926
May 1, ’ 0 1 ,lis
A p r .l6 ,’0 2,2is
July 1, 1910
July 1, 1921
Apr. 1. 1923
collateral trust 4 per cent gold bonds and $5,000,000 first pref. stock.
V. 71, p. 1219, 1311; V. 72, p. 44, 136, 532.
E a r n i n g s . - I I m o s .,) 1901-2..Gross, $37,646,465: net, $11,267,076
July 1 to May 31. (1900-1. Gross, 35,549,095; net,
9,422,740
For 9 mos. to Mar. 31, 1902, net. $9,063,035; other income, $117,568; charges, $7,843,636, against $0,967,050 in 1900-1; surplus, $1,336,968.
a n n u a l R e p o r t .— Fiscal year ends June 30.
Report for 1900-1
given in full in V. 73, p 389, 395; see also editorial on page 366.
Average freight train load, 400 tons, against 392 in 1899-00.
1900-1.
1899-0.
1898-9.
1897-98.
2,318
2,272
2,27L
2,271
Miles operated........
Gross earnings........ $39,102,302 $38,293,031 $33,752,704 $33,740,860
Working expenses.. 28,406,974 28,448,605 25,169,926 25,438,038
Net e a rn in g s....$10,695,328
Net coal co m p a n ie s x $ l,274,830
Other incom e............
221,247
$9,844,426
$236,642
183,466
$8,582,778
$298,479
259,097
$8,302,822
$209,785
203,583
Total net In c ....$12,191,405 $10,264,534 $9,140,354 $8,716,190
Interest..................... $7,541,730 $6,921,623 $6,842,679 $6,465,831
Rentals...................... 1,139,483
1,158,387
1,093,538
1,077,857
P. o. due leased lines
223,409
233,396
355,086
304,443
Int. on equip, trusts.
269,599
245,106
174,777
213,193
Int. on m ortgages...
194,027
42,592
20,475
20,947
Total charges.... $9,368,248 $8,601,104 $8,486,555 $8,082,271
Balance, surplu s.... $2,823,157 $1,663,430 $653,799
$633,918
Divs. on 1st pf...(lks% )$718,386
............
............
............
x Represents the profits o f the Pennsylvania Coal Co. for 5)4 m onths ending
June 30,1901, and o f the other coal properties for the two years from July 1,
1899, to June 30, 1901. The corresponding Item under 1899 00 em braces tho in
com e from the latter properties fo r 1898-9, and so in the earlier years the pre
ceding year’s incom e In each case.
O f f i c e r s —Chairman of Board, E. B. Thomas; President, F. D. Un
derwood; 1st V.-P., G. M. Cumming; 2d V.-P. and Secretary, J. A. Mid
dleton; 3d V .-P . aud Gen. Mgr., Daniel W illa rd ; Treasurer, J. W. Platten; Auditor, J. T. Waun.
D i r e c t o r s .— Chas. Steele, J. J. Goodwin, Abram S. Hewitt, John G.
McCullough, D. O. Mills, Alexander E. Orr, F. D. Underwood, Samuel
Spencer, Francis Lynde Stetson, Eben B. Thomas, J. Low ber Welsh,
J. J. H ill Norman B. Ream, R obert Bacon, H. M o K . Tw om bly.—(V.
73, p. 1010; V. 74, p. 205, 326, 528, 576, 936, 987, 1308.)
E v a n s v i l l e Sc I n d i a n a p o l i s U K . —Owns Evansville to Terre
Haute, Ind. (via W orthington), 134m .; leases branch, 12 m.
H i s t o r y , E t c .— A consolidation In 1885. Of the consols $898,000
held to meet prior liens. The consols, and the bonds of 1924 arc guar
anteed by Evans. & Terre Haute, which owns capital stock, $2,000,000.
T h is c o m p a n y o w n s n o e q u ip m e n t.
L a t e s t E a r n i n g s —12 m o s ., 1 / 1 9 0 1 -2 ........................ .........G ro s s, $ 3 3 0 ,2 6 7
J u ly 1 to J u n e 30.
( 1 9 0 0 - 1 ..................................G ro s s , 3 1 2 ,6 9 3
R epo rt .- Fiscal year ends June 30. In 1900-01, gross, $305,683;
net, $89,433, interest, taxes, eto., $176,038; bal., deficit for year,
$86,605. In 1890-00, gross, $340,146; net, $122,891 - ( V . 63, p. 8 7 8 .)
E v a n s v i l l e Ac T o r r e H a n t e H R . —The system Includes :
C o n t r o l! edr--o[), s e p a r a t e ly . Miles.
Ilo a d ow ned, a n d o p e r a t e d . M ile s .
Evansville to Terre H aute.. 109 E v a n s v ille & In d ia n a p o lis
Branches to Mt. Vernon, eto. 48
E v a n s v ille to T e r re H a u te
Evansville Belt (stock held).
5
v ia W o r th in g to n , e t o ............ 1 4 6
T o ta l in e a r n in g s ...............
162
L e a s e d t o o th e r o o .’ s R o c k
v ille e x t e n s io n .......................
With Chicago A Eastern Illinois, form s routeto Chicago
23
In Mar., 1902.
E d w in 8. C o o l e y a n d C h ic a g o A E a stern I llin o is In te re sts o b t a in e d
c o n t r o l an d di v id e n d on c o m m o n S tock p a ssed .— V. 7 4 , p. -177, 5 7 7 .
D iv ’ dh
j
'8 7 -9 0 ’ 01 ’ 92 ’93 '9 4 '95 ’ 00 ’97 '9 9 ’ 9!) ’00 ’01 ’02
C om . s to c k . > 5 y 'r ly 7 # 7 % ) ................................ 2 %
3 1 'a . . . .
P r o f, sto ck
) .................................................
1 l
2 -i'a
5 5 A p , 2 'a
1 A ls o 5 p e r c e n t in b on d s. ! A ls o s c r ip d iv id e n d ; see s t o c k a b o v e .
|
On p r e f e r r e d 5 i>, < d e c la r e d In 10 01 , p a y a b le 2*« i> o. O c t . 1901.
;
arid 2 'u p. o. A p r il 16, 19 02 . H ottl-u nh ual ill\ b le n d o n c o m m o n , Nov.,
10 0 1 , w im passed . A d iv id e n d on tho c o m m o n sto rk w a s d e c la r e d ,
p a y a filo In A p r il, 1 9 0 2 , b u t the a c tio n w a s su b s e q u e n tly r e v o k e d . V.
74, p. tint), 72 7, 7 7 V
B o n d s , g u a r a n t i e s , E t o .- -C erta in E v a n s v ille A In d ia n a p o lis b o n d s
a r e g u a ra n te e d , Sew th a t c o m p a n y . G en erai in ert, 5 n fo r $ 3 ,8 5 5 ,0 0 0
are h eld in tru st to re tir e th e p rior b o n d s am i ca r tr u sts a t m a tu r ity .
L a t e s t K a h n s . ■ 12 m o s ,, ( 1 9 0 1 - 2 ......... ................ GHfoss, $ 1 ,4 4 0 ,1 0 8
J u ly i to J u n e 3 0 .
i 1 0 0 0 - 1 . . .................... . ..- G r o s s , 1 ,1 0 3 .0 0 3
A n n u a l R e, p o r t . R e p o r t f o r HtOO-01 w a s g iv e n in V. 7 3 , p. 61 2,
Y ea r e n d . June. 3 0
1001.
1 9 00
18 00 .
G ro s s e a rn in g s, .......................$ 1 ,3 9 3 ,9 4 3
$ 1 ,0 9 2 , 00
$ 1 ,2 5 0 ,4 3 5
Net e a r n in g s ................................
6 0 1 ,0 4 0
021,031
5 0 2 ,3 5 6
O th er In co m e ....... ......................
4 5 ,9 1 7
3 7 ,2 4 0
4 9 ,2 0 4
T o ta l net, In co m e ....... ..
* 0 4 7 ,5 5 7
$058,879
#3 3 7 .0 6 0
I m e r e s t on debt.......... ........
# 3 0 7 ,9 5 0
7 0 ,5 2 8
T a x e s and m i s c e lla n e o u s
7 7 ,2 5 3
63,708
8 0 ,0 0 5
E v a n sv . A l » d . d e f i c i t . . .
Jd v ld en d s on p r e f e r r e d ., . . . f 0 % ) 6 i , i o 7
(1 V j{> ;5 9 ,7 9 2 (3>«%) 1 3 0 ,5 0 0
do
com m on.
B a la n ce , s u r p lu s ........... .
m rr.$21,78fl
d e f.$ 7 ,0 3 t
$6 I 1,020
,* 3 3 7 ,9 5 0
0 9 ,2 7 1
5 3 ,3 2 I
(4% ) 5 1 ,3 3 3
$ 9 9 ,7 4 5
*0 Kincardine
Sand
Pent water
W a te r .own
Cobim?
frrt^AAistin.
ft
9
Goderich'
Big Rapids
Centr a iS q u are
R om e
Alma
JJticaj
Clifford
\I
am ilto:
fRusm.
Avcyn
k co^ e
% C °^
.Woodstock
M H
IC
London
Simcoe
Flint
Ionia
Holland
Hastings
ANSING
Earlville
CobloskTllV)'
ALBANY,
'Cortland
St. Thomas
Catskill
A llegan
v/Kalamazoi
Windsoj
Homer
f'/rA
) ■•
Cassopolis.
Sturgis
pON
kTowanda
INVESTORS’
/
% / a
S& V
.
H illsdi/le
’Titus V.
osh en \ R
?v
m in e s
k v v ay vi ll e
Frernont
Sunbury
Butlei
Tyrone
R och ester
Readin;
Kokomo'
Steuben
La Fayette'
heelinj
X
. kT ran kfart
Coshocton-
ENTON.
SBURG
va,
HARR1SBUR;
4
Johnstown
lamuisteu?<
j Washington
UnionlCi
Bellaire,
raw fordsville__L
Anderson
.rnden
h e e lin g
K4 Connells V.
lanesville
Rockwood
Bedford
Winslow J'
-v
Richmon
IN D IA N A P O L IS .
|
Caldwell
Greencasth
T e r f e H a u te
Gosport
reensburg.
Columbus
incennes
J
\ 5 r.
/La wrencebu rg rF ^ O
n . __
Cowingto:
lK. Vernon
w
litchell
Ritchie
Weston
Philip
omerny
StraSbur/Jc.
Riverton
Buckhanm
Port sm out!
Maysville?^
Chester
o O xford
Gallpoli;
^Quaut\co?|yv
Fredericksburg
M A P OF T H E
ERIE
RAILROAD
Orange
Staunton
^Charlottesville
tCHMOND
[V ol. LXXV.
Paris
W A S H IN G
Manassas;
Ironton
Greenup
ohnson Jc.
,a Grange
Owensboro/
BALTTr^QRf
Grafton
r
afkersburg
;thur
Hillsboro
,Jasper.
E va n sville
'Atheni
Eiger
Cumberland-
Fairmont
M arietta,#/^
Chillicothe
Madison
Bedford
Princeton
Logan
ashingtc
SUPPLEMENT.
Monon*
RAILROAD STOCKS AND BONDS.
J u ly , 1902.J
61
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,^When Due.
Amount
of
Par
Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &o., see notes
Road. Bonds Value. Outstanding
Cent. Payable
Whom.
on first page o f tables.
Dividend.
RAILROADS.
Evansv.it T. H. ( Con. 1—gnllivan Co. Coalbr.M. ,g. F 0*
....
1st general m ortgage for $7,000,000, gold F ..c *
100
Fall Brook—Stook ($500,000 is 7 per cent, pref.)...
....
Findlay Fort Wayne £ IF. Railway—1st M. g.M e.e*
....
2d mortgage, income, non-cum., g o ld .M e .......... r
....
Fitchburg— Pref. 5 per cent rental..............................
Bonds, not m oit., $500,000,1903, bal’ ce 1 90 8.c* . . . .
Bonds to State of Mass. 4 p.c. since Feb., 1897.C* . . . .
Bonds ($1,500,000 due 1907, interest A. & O.Rc* . . . .
Bonds, not m ortgage...........................................e&r . . . .
Bonds, (See text, $54,000 are 4s), not m ort— 0* . . . .
....
Bonds, not mortgage............................................. c*
—
Bonds, not m ortgage............................................ c*
Bonds, not mortgage ($2,750,000 are 4s of 1897)
Bonds, not M. ($1,500,0 0 are 3^8 of 1901) ..e&r . . . .
35
Troy & Boston 1st mort. (Y. 53, p. 405).............
....
Brookline & Peppereil plain bonds, gnar. (end)..
H int £ Pere Marquette—See P e r e M a r q u e t t e S ta T E M E
50
Florence Iron Phosph.£ RR.—1st M., $300,000,g.o*
Florida Central £ P e n —See S e a b o a r d A i r L in e R y .
Florida South.—1st M., $5,000,000, g., guar.A R .e* 244
Fonda Johnstown £ Gloversv.—Con.M., $500,000..c
26
26
1st consol, refunding m ort., $700,000, gold.N .c*
26
General refunding mortgage, $1,500,000.N .. .c*
4
Johnstown G. & Kingshoro 1st M., assumed........
CayadattaElec. 1stNL,gu.,p.<fci.,by'F.J.& G .N ..,g.
4
Amsterdam St., 1st M., ($50,000 are 5s) H o , . . c ‘
Do
New M., $1,250,000 g.,red. at llO .N .c*
Ft. Smith £W .—1st M.,$5,000,000,g.,red,105.M e.c* ....
Fort Wayne £ Jackson—Pref. stock, 542 p. c. rental
98
Fort Worth £ Denv. City—Pi. stk. “ stamp, ctfs.” 4% . _
1st mortgage, gold, $18,000 per mile M e .........c*
455
Ft Worth £ Rio Or.—1st M.. g., old 5s, int. red.Ceo* 146
1890
1892
$1,000
1,000
....
50
1894
1,000
1894
1,000
100
’81-’ 88 1,000
1887
’84-’ 87 i,o b o
1890
1,000
1893
1,000
1894
1895-6
1897-8
1900-1 1,000
1874
1,000
1891
NT.
1901
1,000 N’ne Apr. ’02
1895
1,000
1881 100 &o.
1897
1,000
1900
1,000
1893
1,000
1,000
1892
1898
1901
1,000
1902
1 ,0 0 0
....
....
1881
1888
B o n u s . - T h e d e b e n tu r e s w e re d e s c r ib e d In V 60, p. 9 6 7 . T h e s t o c k
h old ers v o te d on S ep t. 2 5 , 1 9 0 1 , t o issu e $ 2 ,0 0 0 ,0 0 0 b o n d s to r e tir e
th e $ 5 0 0 ,0 0 0 b o n d s d u e O ct. 1, 1 9 0 1 , an d $ 5 0 0 ,0 0 0 d u e A pr. 1 , 1 9 0 2 ,
and fo r im p r o v e m e n t s .- (V . 7 3 , p . 6 1 5 , 6 6 2 ,1 1 1 2 ,1 3 1 2 .)
A n n u a l R e p o r t .—L a s t r e p o r t (fo r 1 8 9 9 -1 9 0 0 ) w a s in V . 7 1 , p . 90 9.
- ( V . 7 3 , p. 6 1 5 , 0 6 2 ,1 1 1 2 , 1312; V. 7 4 , p . 62 9.)
F l i n t Sc F e r e M a r q u e t t e R R . —M e rg e d in P e r e M a r q u e tte R R
F l o r e n c e I r o n P b o a p h a t e Sc H R . —U n d e r c o n s tr u c tio n fr o m
F lo r e n c e , A la , to M an n ie, T e n n , 5 0 m iles, o f w h ich 3 0 m ile s g ra d e d
1n A p r., 19 02 . T o be c o m p le t e d In 19<>2. I n c o r p o r a t e d in K e n t u c k y
t o d e v e lo p iron o r e d e p o s its , th r o u g h w h ich th e r o a d w ill run . V. 7 4 ,
p. 9 3 6
Htook, $ 1 0 0 ,0 0 0 , a ll o u t s t a n d in g ; p a r o f sh a res, $ 1 0 0 . P r e s i
dent, p e te r A r i u n d ; S e c r e ta r y , T h o m a s B. L e o n a rd . O ffice, E q u ita b le
B u ild in g , L o u isv ille , K y . - V . 7 4 , p. 3 2 6 , 7 2 7 , 9 3 6 .
F l o r i d a C e n t r a l St P e n i n s u l a r R R , —S e e S e a b o a r d A ir L in e R y.
F l o r i d a K a n t C o a s t K y . —Operate, fr o m J a c k s o n v ille , F la ., v ia
ft' . A u g u s tin e , to M ia m i, 3 6 6 m ile s ; b r a n c h e s to P a la tk a , S a n M a teo,
e tc ., 17 m B cs; A t la n tic < W estern , B lu e S p rin g s to N ow S m y rn a , Fla.,
fc
2H m iles; T it u s v ille b r a n c h , 48 m iles; J a c k s o n v ille to M a y port, 25
m iles; to ta l, 4 8 4 m ile s .—V. 8 9 , p . 59 1. S y ste m o w n e d b y f lo u r y M.
F la k ier. J u n e 3 0 ,1 9 0 0 , s t o c k , $ 1 ,0 0 0 ,0 0 0 ; $ 6 ,7 0 0 ,0 0 0 b o n d s issu ed.
Fm y ea r 1900 01 g ro s s earnings, $ 1 ,6 8 3 ,8 5 6 ; n e t ,$ 8 8 4 ,2 4 1 ,a g « t .$ 4 3 l,5fti; in 1899 -00; c h a r g e s $ 3 6 4 ,1 4 3 . (V . 61, p. 1 12, 4 7 0 , 5 9 1 .)
Const. Cine HR.)
- O w n s from P a la tk a , l l a . , to B ro o k s v lllo , F la ., 145 m iles; B a r to w to
now p o r t o f th e P la n t sy stem and th e b o n d s a re g u a r a n te e d b y
F u nta G o rd a , 7 4 m iles; b ra n ch e s , 2 5 ; tota l, 24 4 m iles.
The bonds
w ere fo r m '-r lv g u a ra n te e d b y the S a v . > lo r ld a & W estern , th is g u a r
a n ty b ein g , it is u n d e rs’ o o d , p r a c t ic a lly a c c e p te d b y the s u c c e s s o r o f
the la tter, the A tla n tic Coast. L in e KK, F or y e a r 1900 0 1 , g r o s s ,$ 4 2 7 ,3 6 0 ; n et, $ 1 1 3 ,7 6 3 , a g a in s t $.15,858 In 1899 -00. (V. 7 5 , p. 77.)
F o n d s i J o h n s t o w n St G I o v r r « v l 1le H R . —O w n s from Font
S . Y ., to WOTthvllle, 26 m iles; lea sed lin e s , 2 6 m iles; to ta l, 5*2 milt
Bterk $ 6 0 0 ,0 0 0 ; pur, $ i o o . O f the gen ref. 4s. $ 2 0 0 ,0 0 0 w e re Is uj
retire 7s and $ 2 0 0 . 0 0 1 1 fo r Im p rov em en ts; $ 7 0 0 ,0 0 0 are reserv
Tor p rior b o n d s , rem ain d er a v a ila b le fo r Im p ro v e m e n ts , e tc, V. 71,
BA Also g u a ra n tees $ 3 0 ,0 0 0 U lo v e r s v llle At B road A lb ln 1«t 5s f ) «
n jHif) o f ih a f 1,0 0 0 ,0 0 0 fttook o f A m ^ tordain ( Kino trie) Htrout It]
Wnloh in mi 11(11n g n n u!t#rmlOirj 0 mi big fr)M-k)*from A irmior lain
H cm u ieetedy, 15 m „ an d tu K a g a m a n s. 2% m iles
(V. 7 3 , p 31 F
oL O
a G . o w n •O a y n d u tta K leetr c K it., b ein g e x te n d e d 5 m iles W
o
V, 78, p , 81; V 74, p. 987,
1
(jw n - en tire $ 1 0 5 ,0 0 0 sto ck o f Goal Go, or F u lton Go. and $ 2 0 0 ,0 0 0
C a y a d u tta hlRc Ry. 1 st c o n s o l. 5s. (V, 7 1 , p, 1 1 6 7 ) to I -dm parti
m te re s te d In the N V . C en tral en tered the. d ir e c t o r y , L o a n s and t.i
p a y ah | ,bu i o 3 0 , 1901, $ 3 4 0 ,0 0 0 . F or y e a r e n d in g J u n e 30, 15»(
b
g ro s s, $3 4 4 ,9 2 7 ; n et, $ 9 0 ,3 8 1 ; o th e r In com e. $ 5 8 ,9 6 8 ; In te r s
A. & 0. N. Y., Far L. & Tr. Co.
A. & 0.
do
do
Q - F . 5 Office, Corning, N. Y.
J. & J. None paid to Jan., ’02
Sept. 1.
Office, Bos. & M., Bos.
Q .- J .
Various
Boston, Office.
F. & A.
do
do
Various
do
do
J. & D.
do
do
Semi-an
do
do
M. & N.
do
do
Semi-an
do
do
Semi-an
do
do
A. & 0 .
do
do
J. & J.
do
do
J. & D.
do
do
Apr. 1, 1930
Apr. 1, 1942
May 5, 1902
Jan. 1, 1945
Jan. 1, 1945
July 1 , ’ 0 2 ,114
1913 and 1908
Feb. 1, 1937
1904-5-7
June 1, 1920
Various, 1903
May 1, 1914
1915 & 1916
1927-1928
Oct. 1,1920-21
July 1, 1924
Deo. 1, 1911
5 g- J. & J. Am.Tr. & Sav. Bk., Chic. Jan. 1, 1932
4,241,000
4 g200,000
6
500,000
AJg, g.
400,000
4 g.
50,000
6
350.000
6
159,000 4 & 5 g.
5 g.
(1)
750,000
5 g.
2,291,416
bH
2,540,000 2 in 1902
8,176,000
6 g.
2,923,000
4 g.
100
100
1 ,0 0 0
1 ,0 0 0
Officees —President, Edwin S H ooley, New York; Chairman of D i
rectors, W. F. Carleton, N. Y.; Vice-Pres., Geo. H. B a ll; Treas., C. A.
Nones; Secretary, Gilbert S. Wright, E vansville,Ind. Directors (Mar.,
1902), Y. 73, p. 901; Y. 74, p. 477, 5 7 7 —(Y. 74, p. 775.)
E v a n s v ille T erre H a u te Sc O k ie .—See Chic. & East. 111.
F a ll B rook: R a i l w a y .—(See Map New York Central £ Hudson
R iver RR.—Owns from Corning, N. Y., to Antrim, Pa., 53 miles; branch
to Ulysses, Pa., 40 miles; Fall Brook branch, 7 miles; total 100 miles.
L ease .—The railroad and its rolling stock was leased to N. Y. Cen
tral & Hudson R iver RR. for 999 years from May 1,11899, for $175,000
yearly, payable quarterly in gold, beginning Aug. 1, 1899. also taxes
and repairs, the leases of the Syracuse Geneva & C om ing Ry. and
Pine Creek RR., form erly held, being canceled and new leases made to
N. Y. Central, which also assumed the guaranty o f the $3,500,000 Pine
Creek bonds. The lease does not Include the coal properties ot FaB
Brook Coal Co. Prior to the lease dividends had been paid quarterly
since 1891 at the rate of 7 per cent per annum on preferred and 6 p.
o. on common; since the lease, 7 per cent on preferred and 2 ^ per cent
on com m on.—(V. 68, p. 379, 573, 773, 872.)
F a y e tte v ille Sc A lb e m a r le .—See Sup . J u ly ,’01, and V. 69, p.743)
F in d la y F o r t W a y n e Sc W e ste r n R y .—{See Map C. H. £ D .)—
Owns from junction with the “ B ig Four ” at Findlay, O., to F jr t
Wayne, Ind., 80 miles. Uses Pennsylvania terminals in Ft. Wayne.
Purchased in N ov., 1901, by the Cincinnati H am ilton & Dayton By.
H i s t o e y .—A reorganization of Findlay Ft. W. & W. RR., foreclosed
and extended to Ft. Wayne, 20 m. Stock, $2,000,000; par $100. First
mortgage is $1,200,000, at [$15,000 per mile ; no interest paid to Jan.,
1902. For year ending June 30,1 90 1 , gross, $106,358; net $17,111.
In 1899 0, gross, $116,178; net, $15,897— (V. 73, p. 1111.)
F itc h b u r g R R . —System extends from Boston Mass, to Troy,
N. Y., 190 miles; branches to W orcester, Bellows Falls, etc., 268 miles;
458 miles in all, o f which 56 miles (Fitchburg to Greenfield) leased
from Yermont & Mass, and 8 m. from other cos.; second track 172 m.
L e ase .—Leased for 99 years from July 1,1900, to Boston & Maine for
5 p.c. on pref. and 1 p. c. on com mon stock, payable quarterly [Jan. 1,
etc.], organization expenses, interest on bonds, taxes, expenses of
maintenance, etc.
The B. < M. holds all the $7,000,000 common
fc
stock, mostly pun hased with proceeds of its 3 p. c. 1 onde, $ for $. V.
70, p. 76, 1 2 5 , 176, 5 8 3 , 1291; V.71, p. 29, 5 4 3 ; V. 72, p .532.
F l o r i d a S o u t h e r n R R . —(Bee Map Atlantic
$450,000
5 g.
2,223,000
5 g.
5,000,000 See text.
1,200,000
5 g.
800.000
5
17,360,000
5
2,500,000
5
5,000,000
4
2,500,000
4
500,000
4
1,932,000
4-5
500,000
4ie
1.859.000
4
4.200.000
2,000,000
573,000
7
100,000
5
J. & J.
A. & O.
J. & J.
J. & J.
J. & J.
A. < O.
fc
A. & O.
M. & *.
A. & O.
M. & S.
See text.
J. & D.
J. & J.
Jan. 1, 1945
Apr. 1, 1921
N.Y., N.Y. Seo. &Tr.Co. July 1, 1947
do
do
July 1, 1950
1913
N. Y ., Farm. L. & T. Co. Oot. 1, 1922
Oot. 1, 1920
N Y ..N . Y. Sec.&Tr.Co. Sept 1, 1931
N. Y ., Merc. Trust Co. Apr. 1, 1932
N. Y ., Farm. L. & I t . Co . Mar. 1, ’02,2%
N. Y ., Morton Trust Co. A pr.15,1902,2
N. Y ., Mercantile Tr.
Dee. 1, 1921
N.Y., H.B.Hollins & Co. July 1, 1928
See text.
F o r t S m itli & W e s t e r n R R . —Operates Fort Smith. Ark., to Me.
Curtain, I. r., 40 miles, o f w hich Ft Smith Jct. to McGurtain is owned
and Ft. Smith Jet.; to Ft. Smith is Kansas c ity Southern trackage; un
der construction from McCurtain to Guthrie, O .T., F 3 miles, o f which
43 miles were expected to he in operation about July 10, 190 7 ; 35
more by N ov. 1 and the remainder by July 1 ,1903 The road will de
velop coal properties in Oklahoma; H enry C Frick of Pittsburg, Pa ,
is underst od to be largely interested. Stock, *5,000,00n, all out
standing; par o f shares, $100. Bonds, see table above. President,
George Hayden, of Ishpeming, Mich.; Secretary and Treasurer, A. C.
Dustin, Cleveland, O.—V. 75, p. 29.
F o r t W a y n e Sc J a c k s o n R R . —Owns Jackson, Mich., to Fort
Wayne, Ind., 98 miles. On August 24, 1882, leased perpetually to
Lake Shore & Michigan Southern at a rental o f $126,027, equal to 5
per cent on the preferred stock (see V. 56, p. 812), and after 1887 any
net earnings over 8 per cent on pref. stock to be paid as dividends on
common, hut not exceeding 2 p. e. a year. Common stock, $436,132.
F o r t W o r t h Sc D e n v e r City R y .—Owns Fort Worth, Tex., to
Texline, 454 m. Owns stock and bonds o f Ft. Worth & Den. Term. Ry.
S t o c k , E tc . —
Colorado & South. Ry. owns a m ajority o f $6,835,000
common. Pref. stock,“ stamped,” see V.63, p .1063. Car trusts,$52,OuO.
D i v i d e n d s .— On pref. 2 p .c. Mar., ’98; M ar.,’9 9 ,2 p .c.; Apr., 1902, 2
p. c. out of surplus earnings of the years 1899 -1901.—V. 7 4 , p. 528.
B onds .—Finances readjusted in 1896, the 1st 6 s agreeing (1) to
reduce interest to 4 per cent for five years from Decem ber 1,1895;
(2) to take $312 stock fo r five overdue coupons and the 2 p. 0. deferred
Interest. Plan V. 63, p. 75 A b s tr a c t o f mortgage V. 45, p. 440.
Interest at 6 per oent was resumed in June, 1901.—V. 72, p. 988.
E a e n i n g s .— 5 mos., 5 1902................. Gross, $898,295; net, $229,862
Jan. 1 to May 31. (1 9 0 1 ................. Gross, 853,911; net, 218,687
A n n u a l R e p o e t .— R eport for 1901 was in V. 74, p. 675, show ing:
Year end. Dec. 31—
1901.
1900.
1899.
1898.
Gross earnings............ $2,163,397 $1,807,089 $1,610,852 $1,479,435
N e to v e rta x e s.............
533,860
346,410
340,157
406,522
Other incom e...............
11,962
17,083
15,750
17,881
From total net income, as above, in 1901 ($545,822), deduot interest
on bonds, $495,842; rentals, $10,000; bal., $39,981.
President, Frank Trumbull, Denver, Col.—(V. 74, p. 528, 577, 6 7 5 .)
F o r t W o r t h Sc R i o G r a n d e R y . —O w n s fr o m F o r t W o r th , T e x .,
t o B r o w n w o o d , a b o u t 1 4 6 m ile s; c o m p le t e d in A u g u s t, 1 8 9 1 . S to ck
o u ts ta n d in g w a s $ 3 ,1 0 8 ,1 0 0 : p a r, $ 1 0 0 . T h e s t o c k h o ld e r s v o t e d J u n e
1 3 , 19 01 , to in c r e a s e th e s t o c k to $ 6 ,2 5 0 ,0 0 0 t o p a y f o r e x te n s io n
fr o m B r o w n w o o d to S a n A n t o n io a n d th e M e x ic a n b o r d e r , o f w h ich
48 m ile s t o B r a d y to b e o p e r a te d in fa l l o f 1 9 0 2 . V . 7 2 . p. 12 3 7 .
C lo se ly a llied w ith th e St. L o u is & S a n F r a n c is c o (w h ic h s e o ).— V. 7 2 ,
p . 5 3 2 , 5 8 0 ; V . 7 3 , p. 13 7, 9 1 2 .
I n t e r e s t A d j u s t m e n t .—In M a y , 1 8 9 7 , 1 st m o r tg a g e 5 p e r o e n t
b o n d h o ld e r s a g reed to a c c e p t 3 p e r c e n t in te r e s t fr o m J a n . 1, 1 8 9 7 , to
Ja n . 1 , 1 9 0 2 , in c lu s iv e , a n d 4 p e r c e n t th e r e a fte r . O ld c o u p o n s w ill
b e h old a liv e b y tr u s te e fo r b e n e fit o f b o n d h o ld e r s .—S ee V. 6 4 , p. 8 8 8 .
F o r y e a r e n d in g J u n e 3 0 , 1 9 0 1 , g r o s s , $ 6 6 1 ,3 0 8 ; n et, $ 2 9 3 ,1 9 6 : ln t.,
$ 8 8 ,1 9 5 ; t a x e s , $ 1 1 ,6 6 9 ; b e tte r m e n ts , $ 4 0 ,0 6 3 ; b a l.,s u r ., $ 1 5 3 ,2 6 9 .—
(V . 72, p 12 37 ; V .7 3 ,p . 1 3 7 ).
P resid en t, B. F. Y o a k u m , St. L o u is; Seo an d A u d it o r , J . S. J o n e s , F t.
W o r t h ; A s sis t. S ec. a n d A s s is t, T r e a s ., F. H . H a m ilt o n , c t . L o u is ,
F u l t o n C o u n t y N a r r o w G a u g e R y . —See Apr., 1900, Stirr.
G a i n e s v i l l e Sc G u l f K y , —S a m p s o n C ity t o F a irfie ld , F la ., 48
m iles. S to c k a u th o r iz e d . $ 1 ,0 0 0 ,0 0 0 . p a r $ 1 0 0 ; Issu ed J u ly , '0 1 , $ 3 0 0 ,00 0. L o a n s a n d h ills p a y a b le o u ts t a n d in g .f in e 8 0 , 1 0 0 1 , $ 3 0 ,2 7 8 ;
c a r tru sts, $ 1 9 ,3 0 9 . Y ea r e n d in g J u n e 3 0 , 19 01 , g r o s s , $ 6 0 ,8 2 1 ; su r
p lu s a b o v e c h a rg e s , $ 6 ,i>26. P re sid e n t, J . M . G ra h a m . Oftlcso, G a in e s
v ille, F la .— (V. 7 3 , p. 6 1 0 , 7 8 3 .)
G a in e s v i ll e J e f f e r i o u
Sc H o .
R R . —See Apr., 1900, Sui’P.
G a l v e m t o n I l a r r l w l H i r g A N a n A n t o n i o R y . —fSee Man South
lo (Jr. R iv e r , 8 3 5 m iles;
P a c i /t c .) O w n s H o u s to n , T e x ., to e a s t b a n k o f R io ■
b r a n c h e s . 7 3 m .; to t a l, 9 1 8 m iles.
O r g a n i z a t i o n , St o c k , Kt o . o p e r a t e d b y th e S ou th ern P a c ific C o m
p a n y , w h ich o w n s $ 2 7 ,0 4 4 ,8 0 0 o f t h e $2 7,08 -1.37 2 sto ck (par, $ 1 0 0 ).
B o n u s . •F irst m ort. bun a s in k in g fu n d o f 1 p. 0 ,, b u t it Is o p t io n a l
w ith h o ld e rs to su r re n d e r th eir b o n d s IT d ra w n . W e s te r n !>iv. kdn
by sp ecia l agreem en t, are tr e a te d as In co m e bon ds. V. 58, p. 711).
On J u n e 8 0 , 1901, th ere w a s d u e th e T e x a s At N ew O rlea n s R R . $ 5 .0 9 1 ,9 9 9 . F o r s ta tu s o f o ld cla im s o f th e sc h o o l fu n d see V. 6 4 , p. 1 137,
V. 0 0 , p. 4 7 1 ; V. 7 0 , p. 686.
K a h m i n o s . II m os., ) 190141____O r o s s , $ 0 , 0 2 1 ,0 0 7 ; net, $ 1 , 3 4 0 ,0 0 3
J u ly 1 to M ay 3 1 .
( 1900-1. . .G ro ss , 0 , 4 '2 ,8 2 5 s n et, 1,2 13,00 8
Y ea r (-riding J o n e 30, 1 9 0 1 . g ro s s . $ 0 ,0 9 8 ,2 7 8 ; net, lu o). o th e r In
c o m e , $ 1 ,3 7 2 ,3 0 4 ; c h a rg e s , $ 1 ,7 2 8 ,6 4 3 , In clu d in g $ 1 9 2 ,3 0 2 lo r Im
p r o v e m e n ts ; ba t., fief., $ 3 5 0 ,2 8 0 . In 1 8 9 0 -0 0 , g r o s s , $ 6 ,2 1 2 ,6 4 0 ; net,
1 1 ,2 1 6 ,7 5 2 .— (V . 00, }>. 4 7 1 .)
G a lv e s t o n
H o u sto n
< H en derson
V
IIII. ot
1 8 8 2 .—Owns
from G alveston , T e x a s , to H ouston, Texan. 50 miles.
UnuANiZA rioN. T h e M. K. A T. and In te r n a tio n a l A G r e a t N orth ,
t,
h a v e used the r o a d jo in t ly s in c e D e ce m b e r , lHi)r> u n d er a c o n t r a c t
p r o v id in g for p a y m e n t to m ortgage tr u s te e o f $ 1 0 0 ,0 0 0 y e a r ly
to m eet in te re st on G. If. .V ft. b on d s and an a d d itio n a l ren ta l o f
$ 2 4 ,0 0 0 n or an n u m fo r d iv id e n d s o r o th e r p u rp o s e s see V, 01, p,
1004; V. 03, p. 09 7, M, K. A T. ow ne 4,9 9 9 sh ares o f G. II. At II. s to ck
t.
1
INVESTORS’
6 2
SUPPLEMENT.
[Y ol. l x x v .
Bonds—P rin ci
IN TEREST OR D IVID EN D S.
Miles Date Size, or Amountpal,^When Due,
of
Par Outstanding
of
Rate
F o r explan ation o f colum n headings, & c., see notes
When W here Payable, and by Stocks—Last
Road. Bonds Value.
Whom.
on first page o f tables.
Per cent. Payable
Dividend.
R A ILR O A D S.
Fremont Elkh. & Mo. River—See C h ic . & N o r t h w .
48
Gainesville < Gulf— 1st m ort., $150,000, gold...S c*
&
QcUveston Harrisb. & S. Antonio—lstM .,g .,lan d gr.c*
256
2d m ortgage, Harrisb. and H ouston to San Ant.c* 225
W est. Div. lstM .,g .,S a n A .toE lP a so,6 3 6 m.&br.c* 671
671
2d m ortgage (see rem arks)..................................c*
50
Galveston Houston & Hend. o f 1882—1st M ., l e . c *
56
Galveston Roust. < N orth.—1st M., $800,000, gold .
&
Genesee & Wyoming R R .—1st M., g., $ 5 0 0 ,0 0 0 .!£ ..
16
Georgia < Alabama—Ga. Carolina < Northln—See S e a b .
&
&
Georgia FI or. d Alab.—1st M., $550,000, g .. y* a.c* T ext
Georgia MidVd B y.—1st M., g., $1,650,000, int. gu.
98
Georgia Pacific—S ee S o u t h e r n R y .
307
Georgia Railroad < B anking C o —Stock...................
&
....
Bonds, refunding, n ot m ortgage, cu rren cy ....... c*
....
Bonds, n ot m ortgage, cu rren cy ........................ c\fcr
Bonds, n ot m ort., cur., $200,000 are 5s o f '8 7 cx&r . . . .
Georgia Southern < Fla.—Com. stock, $1,000,000
&
1st p ref., red. aft. June 1, 1905, $684,000, 5 p. c. T e x t
2d pref., $1,084,000, 5 per c e n t...............................
1st m ortgage, gold, $4,000,000. JJfe B a ............. c*
285
....
E quipm ent trusts, $L8,000 due sem i-annually..
Gettysburg < H arrisburg—So. Mt. 1st m ortga ge___
&
....
G ettysb'g & H arrisb’g 1st m ortgage, old issu e ...
....
35
Consol, m ortgage, $565,000, gola, see t e x t -----125
Gila Talley Globe < North’n— 1st M., g., t e x t ..M p
&
12
Goshen < D eck er?
&
Sc 2d M. ($60,000 are 2ds)
13
Gouverneur < Oswegatchie—1st M,,g, gu. p.<fc i. U 11 .c
&
Gr. Rap. Beldinq & Saginaw—1st m ort., text, gold
28
....
Grand Rapids & Indiana Ry.—Stock, $6,000,000.c*
335
1st M., m ostly 1. g r.,g ., ext. in 1 8 9 9 .....................o'
335
1st m ort., extended, gold, guar, b y Pa. R R ....... c*
387
2 d M ., $5,000,000. g . . ..............................................c*
1899 $1,000
$150,000
'71-'80 1,000
4,756,000
1880
1,000
1,000,000
1,000 13,418,000
1881
1,000
1881
6,354,000
1883
1,000
2,000,000
1900
800,000
1899
1,000
500,000
A ir L ine R y .
1901
1,000
200,000
1,000
1896
1,650,000
1897
1880
1882-7
—
100
1,000
1,000
1,000
100
100
100
1,000
1895
1902
....
1,000
1882
1,000
1891
1,000
1894
1,000
1888-9 500, <fcc
1892
1,000
1899
1,000
....
100
1,000
1891
1891
1,000
1896
1,000
—see V. 61, p. 1013. Stock, $1,000,000 ; par, $100. F or year ending
D ec. 31, 1902, gross, including $124,000 fo r trackage as above, $385,169; net, $168,068; other incom e, $ 2,0 72 ; interest, $100,000; other
charges, $9,548, balance, deficit, $60,592.—(V. 65, p. 1114.)
G a lv e s to n H o u s t o n Sc N o r th e r n R y . - Owns from Magers,
suburb o f H ouston, Texas, to G alveston 53 miles. Successor May 1,
1899, o f G alveston La P orte & H ouston Ry., sold under foreclosure.
Capital stock is $500,000; issued $200,000, o f w hich the Southern
P acific ow ns $199,000, together w ith all the bonds. V. 72, p .2 8 7 .
Y ear ending June 3 0 ,1 9 0 1 , gross earnings w ere $ 3 8 9 ,0 7 9 ; deficit
under operating, $173,439.—(V. 70, p. 125, 176; V. 71, p. 1311.)
O a lv e s to n Sc W e s t e r n R y .—G alveston, T ex., to N ottingham , 13
m iles, com pleted in 1889. Stock, $500,000. On June 28, 1900, the
stockholders authorized a m ortgage f o r $500,000, o f which $300,000
was approved by the RR. Commission, fo r reconstruction, extensions
and im provem ents.—(V. 71, p. 29; V. 71, p. 29, 492.)
G e n e s e e Sc W y o m i n g R R . —R etsof, N. Y .,t o Pittsburg & Lehigh
Jet., 11 miles; R etsof Jet. to G relgsville, 4 m .; branch, 2 m,; total, 16
m. Stock, $500,000: p ar o f shares, $100. Dividends from Oct., 1899,
to A pr., 1902, incl., 5 p. o, yearly (paid A.-O). Y ear 1900-1, gross,
$110,362 net, $35,023; int. and taxes, $27,864; dividends (5 p e rce n t),
$25,000; bal., d e l , $17,841. Pres, and Treas., E. L. Fuller, Scranton,
Pa.; Sec., H. D. Fuller, 115 B roadw ay, N. Y .
G e o rg e ’ s C reek Sc C u m b e r la n d .—See A pr., 1900, Su p p .
G e o r g e t o w n Sc W e s t e r n .—See A pr., 1900, Supp . (V. 71, p. 913.)
G e o r g ia Sc A l a b a m a R y . —See Seaboard A ir Line R y.
G e o r g ia C a r o lin a Sc N o r th e r n R y .—See Seaboard A ir Line Ry.
G e o r g ia F lo r i d a Sc A la b a m a R y . —A rlin gton to B ainbridge,
Ga., 40 miles; extension to Tallahassee, Fla., 41 miles, was placed
in operation in March, 1902. Further extension projected from
A rlin gton to Columbus, Ga., 90 miles, o f w hich 25 m iles from A rlin g
ton to Cuthbert, Ga., to be com pleted b y Oct., 1902. A n exten sion is
also to be built from Tallahassee, south to Tam pa, 130 m iles, via
Perry, Old T ow n and B rooksville, w ith branch irom Old T ow n to
A rch er, Fla., under the charter of the Florida Southeastern R y., in
corp orated June 15, 1902. V. 75, p. 29. Name changed In 1901
from G eorgia Pine R y. Stock, $350,000, all outstanding; par.
$100. F or year ending June £30, 1901, (40 miles, m ortgage issued
later), gross, $68,470; net, $28,223; taxes, $1,138; im provem ents,
$13,573: bal., sur., $5,706. President, J. P. W illiam s; Sec. and Treas.,
J. O. H atch. Office, Savannah. Ga.— (V. 74, p. 1089; V. 75, p. 29.)
G e o r g ia m id la n d R y . —Owns road from Colum bus to M cDonough,
Ga., 98 miles. Leased from Ju ly 1 ,1 8 9 6 , fo r 99 years to the Southern
R ailw ay Co. for $49,500 annual rental (being Interest on the first m ort
;age bonds, etc.,) and $2,500 for Columbus term inal property. Stock
s $1,000,000, ow ned by Southern R ailw ay Co.—(V 63, o. 3 6 1 .)
G e o r g ia R a i l r o a d .—Under this nam e are operated the lines leased
fro m the Georgia RR. & B anking Co.—which see.—V. 67, p. 1 2 6 0 .
G e o r g ia R a i lr o a d Sc R a n k i n g C o m p a n y .—Owns from
Augusta, Ga., to Atlanta, Ga., 171 miles; branches to W ashington
ana Athens, 58 miles; M acon & Augusta R R. (proprietary road), Camak,
Ga., to M acon, Ga., 74 m iles; trackage, 4 miles ; total, 307 miles.
O r g a n iz a t io n .— Owns also one-half the stock o f the W estern R ailw ay
o f A labam a (the Central o f Georgia R ailw ay ow ning the other half),
and a 47 per cent interest in the A tlanta & W est P oint (which see).
Guarantees (jointly w ith Central R R . & B. Co. o f Georgia) the $1,543,000 first m ortgage 4*s per cents o f W estern R ailw ay of Alabama.
In A pril, 1881, the railroad (307 miles) and its interest in the other
railroad com panies w ere leased for 99 years to W. M. W adley and
associates, fo r the Central o f G eorgia and the Louisville & N ashville, at
$600,000 per year, but in A pril, 1899, the L. < N. was held to have ac
fe
quired all rights under the lease; the A tlantic Coast Co. in July, 1899,
acquired a half interest.—V. 68, p. 722; V. 69, p. 385, 591. Securities
deposited under lease, V. 70, p. 125.
Deo. 31, 1892, the banking departm ent was turned over to “ G eorgia
R ailroad B ank,” a m ajority [$198,200] o f whose stock is owned.
D iv id e n d s —
> '81. '82. '83 t o ’ 87. '88. ’ 89 to July, 1902.
Since 1880, P. C t .) 9 ^ 10% 10 yearly 10%
1 1 p. 0 . yearly.
E a r n in g s .— 307 miles, ) 1901-2...G ross, $1,848,839; net, $620,862
July 1 to M ay 31.—11 mos. ) 1900-1. .Gross, 1,716,893; net, 534,339
Railroad earns, fo r year ending June 3 0,1 90 1 , gross, $1,834,679; net,
$ 55 0.3<6; divs. received, $117,423; advances, $16,937; rental to Ga.
RR. Sc B. Co., $600,000; balance, sur., $ 0,791.— (V. 70, p. 125.)
G e o r g i a S o u t h e r n Sc F lo r id a R y . - (See Map o f Southern R y.)—
Owns from M acon, Ga., to Palatka. Fla., 285 miles.
H i s t o r y .—A reorganization o f the G eorgia S. & F. R a ilroad , sold in
foreclosu re A pril 2 /9 5 . (Per plan In V. 60, p. 928; see also V. 59, p. 551.
D iv id e n d s .—On l e t p ref.,‘96, 4 p. c.; ’97 to May, 1902, 5 p . 0. yearly
On 2d pf. i n '9 7 ,2 p. c . ; '9 8 ,3 ; '9 9 ,3 ; 1900, 4 ; ’01, 4; 1902, May, 2 p. 0.
B o n d s .—A bstract o f 1st m ortgage o f 1895 was in V. 61, p. 429. The
m ortgage is for $4,000,000 and covers all o f the p roperty and franchises
and provides also that the $684,000 first p referred stock authorized
shall constitute a lien upon the same second on ly to the bonds and co u
pons. The unissued firsts are reserved for old claims, im provem ents,eto.
In 1902 issued $360,000 equipm ent trusts. V. 74, p. 987.
L a t e s t E a r n in g s .- 11 mos., J 1901-2.Gross, $1,145,408; net, $274,300
Ju ly 1 to May 31.
\ 1900-1.Gross, 1,106,188; net, 279,760
f
4,200,000
1,000,000
1,000,000
500,000
1,000,000
684,000
1.084.000
3.801.000
360,000
100,000
250,000
215,000
1,514,000
246,500
300,000
260,000
5,794,700
920,000
4,455,000
3,962,000
6
6
7
5
6
5
5
5
g. J. &
g. F. &
J. &
g. M. &
J. &
A. &
te
g. J. <
A. &
J.
A.
D.
N.
J.
O.
J.
O
1929
N. Y ., Standard Tr. Co.
N.Y.,So.Pac.Co., &Bost. Feb. 1, 1910
do
do
June 1, 1905
N .Y.,So.P.C o.,120B ’ w 'y May 1, 1931
July 1, 1931
N. Y ., Merc. Trust Co. Apr. 1, 1913
Jan. 1, 1930
New York,
N. Y ., K nick. Trust Co. A pr. 1, 1929
5 g. J. & J. N ew Y o rk & Savannah. July 1, 1951
3 g. A. Sc O. N. Y ., J. P. M organ & Co. Apr. 1, 1946
11 in ’01 Q.—J.
5
J. & J.
J. & J.
6
5 & 6 J. & J.
Augusta; m ail'd to N.Y.
N. Y ., Am. E x. Nat. Bk.
N .Y.,Am . E x.B k.& Aug.
A ll Augusta; 6s in N.Y.
July 15,'02,2%
Jan. 1, 1922
Jan. 1, 1910
Jan. 1, 1922
5 in 1901 M. & N. Balt. M.T.<fcD.Co.&N.Y. May 5, ’02, 2%
May 5 /0 2 , 2%
do
do
4 in 1901 M. Sc N.
5 g. J. Sc J. Balt.M .T.&D.Co.& N .Y. July 1, 1945
M ar.'03,Sep’12
A. < O. Phila., R eading office.
fe
4
Oct. 1, 1912
A. & O. Phila., P. Sc R. office.
6
do
do
Oct. 1, 1926
Various
5
N ew Y ork.
N ov. 1, 1924
5 g. M. & N.
1928-29
6
Various N Bk OrCo,Goshen,N.Y.
5 g. J. & D. N .Y., Gd. Cent.Station. June 1, 1942
5 g. M. & S. In t'l Trust Co., Boston. Mch. 1, 1924
2 in 1901 A & 0 Of., Gr. Rapids, Mich A pr.25,'02, 1%
3 ^ g. J. & J. N. Y., W inslow, L. Si Co. July 1, 1941
July 1, 1941
do
do
4%g. J. & J.
Philadelphia, Pa.
Oot. 1, 1936
4 g. A. & O.
A n n u a l R e p o r t .— F iscal year ends June 30. R ep ort fo r 1900-1
was in V. 73, p. 442, show ing gross, $ 1 ,2 0 3 .8 1 1 : net, $300,667 ; other
incom e, $ 1 2 ,7 8 9 ; interest on bonds, $ 1 9 0 ,0 5 0 ; div on pref. stock,
$99,240. In 1899-0, gross earns, $1,180,411; net, $310,749.
Pres., Samuel Spencer, N. Y .—(V. 73, p. 391, 4 4 2 ; Y. 74, p. 987.)
G e tty s b u r g & H a r r i s b u r g R R . —Carlisle to G ettysburg, Pa., 31
miles; branch to R ound T op, Pa., 3 miles. Tne Reading C om pany ow ns
$540,700 o f the $600,000 capital stock, $535,000 of which deposited
as part security fo r its general m ortgage o f 1896 The consol, 5s of
1891 w ere guaranteed b y Phila. & Read. R R. (foreclosed co.).
G ila V a lle y G lo b e Sc N o r th e r n R y .—B ow ie, A riz., to G lobe,
125 miles. Stock, $2,000,000, of w hich Southern Pacific Co. ow ns
$1,100,000. V. 71. p. 1314. P ar, $100. The bonds, limited to $15,000
per m ile ($1,514,000 outstanding), are guaranteed, principal and in
terest, by the Southern P acific Co. Y . 69, p. 27. See form o f guar
anty in V. 68, p. 232.
D iv id e n d .—D ividend, 1901, Jan., 4 p er cent; 1902, Jan., 4 p. c.
E a r n in g s — 11 m os.,
$1901-2..........Gross, $340,33 • net, $176,978
;
July 1 to M ay 31.
*1 90 0-1 .......... Gross, 338,110; net, 181,107
Y ear ending June 30, 1901, in Y. 73, p. 1108, viz.: Gross, $365,835;
net, $195,024; interest, $ 7 5 ,7 0 0 ; div. (4 p. c ), $80 000; balanoe,
surplus, $39,324. President, W illiam G arland; Sec. and Treas., A. O.
Laird, Los A ngeles, Cal.—(Y. 71, p. 1 1 6 4 , 1167; Y. 73. p. 616, 1 1 0 8 .)
G o u v e r n e u r Sc O s w e g a tc h ie R R . —Owns from G ou vem eu r to
E d v ard s, N. Y ., 13 miles. Stock, $350,000, all ow ned by N. Y. C e n t
—w hich guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501.
G r a n d C a n y o n R R . —See Y. 73, p. 185.
G r a n d R a p id s B e l d l n g Sc S a g in a w R R . —F reeport to B elding,Mich.,2>* mile. M ortgage is fo r $260,000 on 28 miles and$9,000 per
mile fo r additional construction. Leased from Jan. 1, 1900, to Pere
M arquette R R .. w hich ow ns all the stock, for 30 years, rental coverin g
interest.—(Y. 70, p. 39.)
G r a n d R a p id s Sc I n d i a n a R y . —(See Map o f Pennsylvania R R .)
—Owns from Fort W ayne, Ind., to M ackinaw City, 367 miles M anistee
Branch, 19; other branches, 42 miles; total ow ned, 428 miles; operates
the follow in g roads but has n ot assumed the old com pan y's leases
thereof: Cincinnati R ichm ond & Fort W ayne R R ., 86 in; Traverse City
RR., 26 m.: Muskegon Grand Rapids Si Indiana R R ., 37 n. As to e x
tension and car ferry plan in 1902, see Traverse City Leelenau Sc
Manistique R R in Y. 74, p. 777.
H i s t o r y . —Successor Aug. 1, 1896, o f Grand Rapids & Indiana
Railroad, foreclosed under second m ortgage per p la n in V. 63, p. 153.
D ividends .—D iv id e n d ,! p. c., A pr., 1 9 0 0 ; in 1901, 2 p. 0 (A. < O.)
fe
1902, April, 1% P- 0. V. 74, p. 728.
St o c k .— Stock, $6,000,000, o f .which Penn Co. was reported on Jan,
1, 1902, to ow n $2,000,000. Y. 74, p. 95.
B o n d s .—The first mortgage bonds extended at 4% per cent are en
dorsed with the guaranty of the Pennsylvania RR. Co. to purchase the
coupons as they mature, and the bond itself at maturity. They have ne
lien on land grant. See g u a r a n t y V. 56, p. 649,—V. 69, p. 1193. Of
the 2ds $3,687,000 w ere ow ned Jan. 1, 1902, by Penn. R R. Real
estate m ortgages, $150,000.
R eport .—R eport for 1901 was in V. 74, p. 676. In 1901 ca rried 2,156,372 tons freight, o f which 46 p. o. was lum ber, etc.,and 9 p. 0. coal.
1898.
Tear end'g Dec. 31.
1901.
1900.
1899.
434
Miles operated............
430
430
428
3to 88 in c o m e ..............$2,871,782 $2,661,433 $2,464,284 $2,171,717
Interest charge for 1901, $ 39 1,1 5 5; other, $170,900; dividend
(2 p . 0.), $115,834; bal., surp., $22,824.—(V. 74, p. 6 7 6 , 728, 775.)
G r a n d T r u n k R y . o f C a n a d a .—Operates from Q uebec, Can.,
via M ontreal, to C hicago, 111.; also to Portland, Buffalo, D etioit. eto.;
SYSTEM PROPER.
REPORTED SEPARATELY.
M ile s. I M a jo r it y S to c k O w n ed .
Mtteg.
.................................... 3,08* I Central V e r m o n t? ........
170
L ea sed —p a r t l y o w n e d —
1 Grand Trunk W estern 7 .................. 835
A tlan tic A St. Law rence, P ortE n t i r e s to c k m im ed.
land. Me., to Island P on d , V t . . . 150 D etroit Grand H aven & M ill........ 18#
Buffalo * Lake H u ron ...................... 162 M ichigan A ir L in e .............................
Ctncin. Sag. A M ackinaw ................
63
Other lin es........................................... 105
T mu*
--------1
Total r o a d .....................................4,0o»
T otal in earn ings........................3,559 I TSee separate statem en t this To.
Lines ow ned
Organization .—A consolidation, in A ug., 1882, o f the Grand Trunk
and Gt. W estern railways. Owns $2,185,100 o f the $3,000,000 stock
and $1,583,300 of the bonds o f the Central Vt. R y.—V. 68, p. 427,
1076. As to traffic agreem ent with latter see V. 68, p. 1076.
S t o c k , E tc .—1 he authorized capital on Dec. 3 1 ,1 9 0 1 , was £41,656,364 stock (£40,813,834 issued and £84 2,5 3 0 unissued), advances
from the Canadian G overnm ent in aid of construction am ount to
£3.111,500.
Perpetual consolidated 4 per cent debenture stock;
authorized by A ct of 1882 and later A cts, has been issued from
time to tim e to acquire securities o f com panies consolidated and con
trolled, am ounting Dec. 3 1 ,1 9 0 1 , to £7,506,373, and bearing an an
nual interest o f $390,223. V. 71, p. 84.
D i v i d e n d s since 1893: Guar., 4% stock—1894-97, nil; Oct., '98, 2%;
1899. to A pr., 1902, 4% yearly. On 1st pref.: In 1899, 4%; in 1900
A pril, 4%; Oct., 1 %%; 1901, M a y ,3 ^ % ; Oct., 2%%; 1902, A pr., 2%%.
«3
RAILROAD STOCKS AND BONDS
J u l y , 1902.]
Bonas—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
Par
of
of
Rate per When Where Payable, and by Stocks—Last.
F o r e x p la n a t io n o f c o lu m n h e a d in g s, A c ., see n o te s
Road. Bonds Value. Outstanding
Cent. Payable
Whom.
Dividend.
o n first p a g e o f ta b le s .
RAILROADS.
32
Grand Rapids Kalkaska < S. E.—1st M., s. f., I B ..
£
Grand, T ru n k R y .—Consol, stock, £23,318,309..
Four per cent guar, stock, non-cum ....................
1st preference 5 per cent stock, £3,420,000.......
—
2d preference stock, £2,530,000............................
3d preference 4 per cent stock, £7,168,055— 1
Debenture stock, £4,270,575........
I 3,512
Consol, debenture stock (col. trust), cum ...........[
2d equipment M. (subject to 1st M. in tru st). .c J
S e c u r i t i e s o f L in e s C o n s o l i d a t e d w i t h g r a n d
Great W estern perpetual debenture stock ......... c 836%
Northern Ry. 1st M. sterling 5s, £ 8 5 0 ,0 0 0 ... c* 1
3d preference A & B bonds..............................c > 490%
Debenture stock ,4p. c..perpetual, £425,850. )
Grand Tr. Geo. Bay & L. E. IstM ., £310,200.o*<fcr 189%
Midland of Canada IstM ., sectional, £525,000.c \ 455
Consol. Is tM ., £3,164,700...............................c5
W ellington Grey & Bruce 1st M., £532,000.......c 168%
66
Grand Trank West’ n—Northwest Gr. Tr., 1st mort.
330
1st M., $15,000,000, int guar., g., $ (cur.) & £ ,F
2d M., income, g., $1,500,000, red. (t e x t ) ....C o l. 330
—
Great Eastern—1st m ortgage, $3,000,000................
4tt. N o rth ern —Stock, $125,000,000.........................
St. Paul Minn. A Man.—Stock,orig. $20,000,000.
St.P.M. A M .2d(now 1st M .)g.doesn otcov. Tds)e* 624
Dakota Extension 1st M., gold....................Ce.o* 1,221
2,655
°S o o o io o o } <
now l8 t M ‘ onlands>SoM .Ce { 2,655
MontanaExten. Is tM .($25,000p. m.),g.Ce.c*&r 420
Pacific Extension M. £6.000,000, gold Ce..c*<fcr 819
C.B.AQ.c’Ltr.M.g.(su.to call af.Ja.’ 06atl05)G cA :
....
Minn. U n.R R .lstM .,g.,gu .($650,000 are 5s).Ce.o
1897 $1,000
$200,000
5 g.
1882
£ 1 0 0 £22,475,985
1884
5,219,794 4 in 1901
£100
1873-4 £ 1 0 0
3.420.000 See text.
1873-4 £ 1 0 0
2.530.000 4 A pr.’02
£100
7,168,055
1874
£100
4,270,375
5
1874
4
£100
12,515,678
£100
1869
414,300
6
T r u n It R y .
Var.
100
2,723,080
5
1877
611,100
5
1868
15,900
6
1884
347,990
4
1883 £100 &0
187,500
5
£100
1878
458,600
5
1882
£100
1,072,100
5
1874
93,500 Varies.
£100
1880 $500&e.
563,000
6
£100
1900
14.437.000
4 g.
=
1900 $500Ao.
1.500.000
4 g.
=
1,000
1901
5 g.
(?)
$100 123, 852,900 See text
100
C454.600
6
1,000
1879
7.503.000
« S1,000
1880
5.576.000
6 g.
1883
1,000
13.344.000
6 g.
1,000
1883
4Ljg.
20,17-,000
1,000 a 10,185,000
1887
4 g.
1890 £100 Ac b£3,000,000
g'
1901 $1000*1 215,153,000
4 g.
1882 $1,000 i $2,800,000 5 & 6 g.
f
A. A O. Int’l Trust Co., Boston. Oct. 1, 1907
None ever pd.
A. & O. Check from Co.’ s office, A pr.25,’02,2%
A. & O.
do
do
A pr.25,’02,2%
Apr. 25, ’02, 4
May, 1884
J.& J.14
Irredeemable
Irredeemable
Q .- J .
J. & J.
July 1, 1919
F.
J.
A,
F.
F.
M.
J.
J.
J.
J.
&
&
&
&
&
&
&
&
&
&
A.
J.
O.
A.
A.
N.
J.
J.
J.
J.
J. & J.
Q —F.
Q —F.
A. & O.
M. & N.
J. A J.
J. & J.
J. & D.
J. & J.
H
J. & J.
i Glyn, Mills, Currie
i & Co., London.
J
July,’ 91,cp. pd. July,’02
N. Y ., Nat. Bk. of Com.
London or N ew York.
New York.
New York.
N.Y. Office,32 NassanSt.
do
do
New York and London.
N. Y ., 32 Nassau St.
do
do
do
do
do
do
N.Y. & Lon., Baring Bros
New Y ork, etc.
N. Y ., 32 Nassau St.
Irredeem able
July 1, 1902
Irredeem able
Irredeemable
Aug. 1, 1903
M ay 1, 1908
Jan. 1, 1912
Not fixed.
Jan. 1, 1910
July 1, 1950
July 1, 1950
Jan. 1, 1931
Aug. 1, ’02, 1%
Aug. 1, ’0 2 ,1 %
Oct. 1, 1909
Nov. 1, 1910
July 1, 1933
July 1, 1933
June 1, 1937
July 1, 1940
July 1, 1921
July 1, 1922
a $11,502,000 additional pledged for Pac. Extension bonds o f 1890. c Great N or. has acquired all except $454,600 of $20,000,000 stock of
St. P. Minn & Man.
b £3,000,900 additional held by Great Nor.
d Subject to call after April, 1928. HCoupon bonds J. A J.; reg., Q.-J.
On 2d p ref., Apr.. 1900, 3% p. c.,th e 1st div. since April, 1888; 1901,
May. 3 p c ; 1902, Apr., 4 p. c.
E a r n in g s 5 m os.,
Jan, 1 to May 3 1 .|
; 1 9 0 2 .........G r o s s , $ 9 ,4 7 3 ,6 1 6 ; n e t, $ 3 ,2 1 7 ,7 3 0
( 1 9 0 i .......... G ro s s, 9 ,1 8 6 ,0 0 5 ; n e t, 2 ,9 2 7 ,6 8 6
R eport.—Statement for 1901 was in V. 74, p. 880.
Tears ending Dec. 31
1901.
1900.
1899.
Gross earnings....................... .£4,857,599
£4,575,433
£4,407,016
Transportation expenses..... 3,301,765
3,088,077
2,892,994
Net earnings.......................£1,555,833
£1.487,356
£1,514,022
£1,694,213
£ 1,724,367
Total net incom e.............. £1,736,651
146,348
146,349
155,218
R en tals......................................
1,054,512
1,043,542
Interest on b’ ds and deb. stk. 1,072,498
ox 7 97
7Q 1
A dvances to controlled roads
22 501
(4%)208,790 (4%) 208V92
Dividend pn guar, stock ..(4%) 208,791
(5%)170,841 (5%) 170,842
Do on 1st pref. s tock ...(5%) 170,840
Do on 2d pref. stock ..,(4 % )1 0 1 ,136
(3% '75,852 (3^% ) 82,173
Balance................................. sr. £5,667
sur.£2 143
d ef.£494
President, Sir C. Rivers Wilson, London; Second Vice-Pres. and Gen.
Mgr., Chas. M. H a y s .-(V .7 3 ,p .3 9 1 , 1112; V .7 4 ,p . 8 8 0 ; V. 7 5 ,p. 77.)
G ra n d T r u n k W e s t e r n B y .—Owns from Port Huron, Mich., to
Chic. < West. Ind. RR., 330 miles, and trackage Chicago A West. In
fe
diana, 5 miles; total, 335 miles. Stock, $6,000,000, all owned by Grand
Trunk. A reorganization per plan (V. 69, p. 954; V. 71, p. 28) o f the
Chicago A Grand Trunk Ry., foreclosed Oot. 31, 1900
B onds.—The Grand Trunk absolutely and unconditionally guar
antees the interest on the new 4s, receiving in consideration the
$6,000,000 new stock. Of the new 1st 4s, $4,500,000 were issued
for double-tracking and other capital purposes and $563,000 reserved
for Northw. Grand Trunk 6s. The new incomes are subject to call
at 85 and any interest then due, wfithin the first ten years.
For year ending Dec. 31, 1901, gross earnings were $4,279,253; net
over taxes, *588,276; other income, $30,278; interest, $148,510;
rentals, $118,5 2; b a l , sur., $51,542. In 1900, gross, $4,298,751; net,
$744,735. (V. 72, p. 1034.)
G reat N o rth ern B y .—fSee Map*.,)—Operates a low-grade trunk
line extending from St. Paul, Minn., across the great wheat belt o f the
Red River Valley and across the State of Montana, tapping its silver
and copper mining district, to the Pacific Coast at Seattle, WAsh.,Port
land, Ore., Westminster, British Columbia, etc. From Duluth, the head
of navigation on the Great Lakes, the steamers of the Northern Steam,
•hip Co. (whose $1,500,000 stock is owned) run east to Buffalo, N. Y.
Dines leased a.nd operated—
Duluth W atertown & Pacific—
St, P a u l M inn . A M an . R y .,
St. P a u l to L o w e ll, W a s h ...1 ,7 9 0
B ra n ch e s in M in n e s o ta , th e
D a k o ta s an d M o n t a n a ____ 2 ,0 1 3
E a stern B.’, . o f M in n e s o ta —
F o s s to n to Ca.HH L a k e ..........
60
Park R a p A L eech Lake R y .—
P a rk R a p id s to C ass L a k e .
49
O w n ed , u n b o n d e d —
S eattle & M o n ta n a R R ,—
)....
S ea ttle to W e s tm in s te r ........$
W a te r to w n to H u r o n , D a k .
x E a stern R y . o f M in n .—
70
Hinckley to Duluth..........
72
H in c k le y to F r id le y ........
65
N e w D u l. to C a ss L a k e .. 1 4 0
M issis., M ln n .jt o H i b b in g
49
B r o o k P k . to C o o n C reek
J u n e ., e t c ........................
72
M in n e a p o lis O n. R y ., e t c . ..
28
M o n ta n a C e n t r a l G re a t F a lls to B u tte , e t c . . . 261
S p o k a n e F a lls A N o r t h e r n . 2 0 7
T o ta l o p e ra te d d ir e c t ly ..4 ,0 5 5
S tock o w n e d — o p e r . s e p a r a t e l y —
T o ta l r o a d J u ly , 1 9 0 1 ___ 5 ,4 5 1
W illm a r A S iou x F a ll1
*
.
2d arid 3 d tra ck a n d s i d in g s .1 ,0 9 0
W lllrnar to Y a n k to n , 8. I ) . . 205
x A ls o lea sed in 1 9 02 f o r 99
G ftrretson , H. !>,, t o S io u x
y e a rs a t 6 p . e. o n s to c k . -V . 7 4 ,
City,Ta., a n d O ’ N eill, N ob. 228 p. 1 08.
In 1901 G re a t F a lls A, C a n a d a R y ., G r e a t F a ils t o S w e e t G ra ss,
M on t., 134 m iles, w as p u rc h a s e d , and In J u ly , 1902, w a s b e in g sta m laril g au ged. V. 73, p. 6 6 2 , 90 4; V. 7 5 , p . 29. Beo V. 72, p. 1187.
M ontan a -v G re a t N orth ern R y ., see V. 7 2 , p 11 87 , Ah to W ash , A
G t, N orth ern . S e a ttle A N o r th e rn b a V i c t o r i a V a n c o u v e r A E a stern
Ry. A Sur. C o,, etc. see V. 7 3 , p, i 8 4 ,9 0 1 .
St o c k , L e a s e s , E t c , - T h is c o r p o r a t io n In F e b ru a ry , 1890, leased th e
St. Pan) M in n eap olis A M a n ito b a fur 99!) y e a rs, a s su m in g Its fu n ded
debt and g u a ra n teein g 6 p.e. p er an n u m In g o ld on i t s $ 2 0 ,0 0 0 ,0 0 6 sto ck .
In 1M98 $ 1 5 ,0 0 0 ,0 0 0 n ew G re a t N or. p r e fe rr e d , w as s o ld a t jm r to
sh areh olders t.o re tire $ 1 5 ,0 0 0 ,0 0 0 co l. tr. 4s o f 1892, c a lle d fo r re
w w nptlon Hspt. J, 1898, and $ 1 0 ,9 0 0 ,0 0 0 w a s e x c h a n g e d fo r the
$ 1 2 ,nOO,©1 O s to ck o f the Heat tie A M o n ta n a R R . Bee ‘D iv id e n d s ”
In O cto b e r , 1898, the s to ck h o ld e r s s u rre n d e re d th e right to Issue
$ 2 0 ,0 0 9 ,0 0 0 c o m m o n sto ck In a d d itio n to th e $ 5 0 ,0 0 0 ,0 0 0 p r e fe rr e d
th en ou tsta n d in g , and m arie all the s t o c k " o f a "In g le c la s s, w ith uni
fo n t) rig h ts and p r iv ile g e s " A ls o a u th o r iz e d th e p u rch a se o f th e $ 2 0 ,
0 0 0 ,0 0 9 o f g u a ra n teed 0 p e r c e n t sto ck o f the Ht. Raul M in n e a p o lis A
M a n itob a , on the basis o f $ 1 2 5 G rea t N orth ern s to ck f o r each $ 1 9 9
M a n ito b a s to ck , thus In crea sin g the G reat N orth ern sto ck to $ 7 5 ,
OOOJJOO. In 1901 $ 1 5 7 ,7 0 0 o f M a n itob a s to ck w as tin ex eh a n g ed
(V 60, p. 129; V. 6 7 , p. 1356; V, 67. p. 3 7 0 . 7 8 8 . 84 2.)
fn A p ril, I HOD, sold $ 1 5 ,0 0 0 ,0 0 0 p r e fe rr e d to a c q u ir e all the
b on d s, d e b e n tu re s and -to o k o f the S p o k a n e Falls A N or, H y „ Nels on
xL*v*
parrt Ky , C o lu m b ia A Red M tn. Ry. and Red Mt.n. R.y., and
$ 7 ,5 0 0 ,0 0 0 n ow sto ck o f E a st.R y. o f M inn. V . 68, p. 7 7 2 , 822, 1181.
In
19 00 , $ 9 ,0 0 0 ,0 0 0 iulflStion a I s t o c k w ns nol cl at, par to
sto ck h o ld e r s to a cq u ire $ 3 ,5 0 6 ,0 0 0 fu rth e r sto ck o f th e East R y , of
Minn, and $5,500,000 stock o f the Willmar & Sioux Falls R y , issued
for purchase o f Sioux City & Northern and Sioux City & western.
V. 71, p. 655. In 1900 $1,000,000 stock was offered to Em ployes’ In
vestment Co., of which $285,000 paid for in July, 1901.—V. 71, p. 654.
In 1901 stockholders subscribed at par to $25,000,000 new stock,
raising total issue to $125,000,000 ($20 per share to be credited on
account for advances to 8t. Paul Minn. & Manitoba R y.), the proceeds
to acquire 500 miles of additional road and control o f Great Northern
Steamship Co. V. 72, p. 580; V. 73, p. 184, 903. See below.
L ands.—Land sales in April, 1897, had retired all the 1st mort. bonds
and were then applicable to consol mort. o f 1883.
Sales for year ending June 3 0,1 90 1 , were 221,532 acres for $1,978,214 and 341 town lots for $10,013. The net amount due on land con
tracts June 30, 1901, was $3,194,701; lands unsold, 938,605 acres,
to be reduced about 600.000 acres by a final adjustment with IT. S.
Minneapolis A St. Cloud grant was 476,864 acres; unsold July 1,
1901, 355,380 acres; sales in 1900-01 were 36,021 acres, for $366,207.
D ividends , >’92 t o ’ 96 (in clu s.),’ 9 7 ’ 9 8 ’ 9 9 ’00 ’ 01.
’02.
Gt. No. pf.% s 5 p. c. yearly.
5% 6% 7 7 Below. Inc. Aug., 5%
Also in 1898 50 p. e. in Seattle & Montana stock, which was then
exchanged for 40 p. 0. in Gt. Nor. pf. V. 66, p. 1044, 1188; V. 74, p.
829. In 1901 1% p. c. quarterly (Q.-F.) was paid; also in May % p.
0. extra from surplus earnings o f Lake Superior Co.—V. 72, p. 872.
B onds.—St. P Min. & 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 Dako
tas, the prior liens on which average only $7,300 per mile. V. 64,
p. 518. Montana Extension mortgage is for $25,000,000 for extensions
and for second track. A b s t r a o t V. 45, p. 342.
Pacific extenmon m ort.£6,000,000 provides for bonds at £6,000 per
mile in Montana and £7,000 per mile west of Montana; £3,000,000
o f this issue, in addition to those given in the table above, were released
upon payment of collateral trust bonds Sept. 1, 1898. V. 66, p. 1044,
1188. See a b s t r a c t of mortgage, V. 52, p. 82.
Eastern Railway o f Minnesota.—First mort. covers road, equipment,
terminals and elevators. The Northern Div. $15,000,000 m ortgage
of 1898 provides for extension building from Fosston, Minn.,
to the head of lake navigation at Duluth, aud also for future require
ments, including the retirement of the $4,700,0001st 5s at maturity.
They are redeemable at 105 on three months’ notice after Apr. 1,1928.
—V. 66, p. 471. Montana Central bonds cover several roads. (See adv.
C i i r o n . Deo. 12, 1891.) The Manitoba guarantees these issues, and
Great Northern assumes guaranty. See form of latter, V. 74, p. 680.
The Willmar & Sioux Falls bonds are endorsed with join t and several
guaranty of the Manitoba and Great Northern companies. Further
issues may be made at $17,500 p. m. for additional road. V. 56, p. 247.
Minneapolis Western first m ortgage is for $1,000,000. V. 60, p, 835,
G e n e r a l F i n a n c e s .—T b e N o r th e r n S e c u r itie s Co. (w h ic h see b e l o w ) ,
fo r m e d in N o v ., 19 01 , to en su re h a r m o n y a m o n g N o r th w e s te r n r a i l
r o a d In terests, h a d in J a n ., 1 9 0 2 , a c q u ir e d o v e r $ 9 0 ,0 0 0 0 0 0 o f th e
s t o c k b y g iv in g in e x c h a n g e $ 1 8 0 S e c u r itie s C o. s t o c k p e r $ 1 0 0 sh a re ;
it h ad a c q u ir e d a lso n e a r ly a ll o f th e s t o c k o f th e N o r th e r n P a c if ic .—
(V. 7 3 . p. 10 11 , 1 0 6 2 . 1 1 6 1 , 1 3 5 7 .)
In 1 9 0 1 th e G r e a t N o r th e r n an d N o r th e r n P a c ific a c q u ir e d $ 1 0 7 ,5 7 7 ,2 0 0 o f th e C h ic a g o B u r lin g to n A Q u in c y R R . $ 1 1 1 ,2 0 0 ,0 0 0 s t o c k
In e x c h a n g e fo r th e ir J oin t 2 0 -y e a r 4 p e r c e n t g o ld b o n d s , s e c u r e d
b y tb e d e p o s it o f th e s t o c k in tr u st, o n b a sis o f $2<>o iu b u n d s fo r
I e a ch $ 1 0 0 s t o c k . S ee c ir c u la r , V. 7 2 , p. 8 7 1 ,1 0 3 4 , 1 1 3 5 . a n d a p p lic a
tio n to lis t, V . 7 8 , p. 2 9 4 , 9 0 8 . In 1900-01 r e c e iv e d $ 1 ,9 2 0 ,0 0 0 (1 2 p.
(*,.), in 1 * 9 9 -0 0 . $ 1 ,0 0 0 ,0 0 0 (10 p. « .); In 1 8 9 8 -9 , $ 1 ,2 5 0 ,0 0 0 (10 p.
c.) in d iv id e n d s on E a ste rn R y . o f M in n , s to ck ; In 1.900 01 on M on
ta n a 1 ’em tra l s t o c k , $ 5 0 0 ,0 0 0 (1 0 )> c .). T o ta l fu n d ed d e b t p e r m ile o f
m ain tra ck (4 ,7 4 0 m iles) In th e h a n d s o f th e p u b lic, $ 2 0 ,3 9 0 . V. 73,
P 9 1 0 . T r a in lo a d 1 9 0 0 -0 1 , 88 1 to n s.
1 E a u n in o s . G r e a t Nort.h’ n sy ste m d u e l. 8t. P. M. A M ., East, o f M in n ,
arid M o n ta n a C en tra l) J u ly 1 to J u n e 3 0 , 1 9 0 2 , 12 m o s ., $3 6,9 (5 3 ,2 1 3 ,
a g a in s t $ 2 9 ,0 5 5 ,8 1 9 In 1900-1.
ANNUA). H er o u t .- F is ca l y e a r e n d s J m io 30. A nmuU m e e tin g is h e ld
a t St. P a u l on th e se c o n d T h u r s d a y In B optem h er.
R e p o r t fo r
1900-1 w a s g iv e n a t le n g th In V. 7 3 , p, 8 9 5 , 9 0 3 . S ee a lso p . 8 7 4 .
(1 ) Ot'ERATIONS CHEAT NOItTllEKN SYSTEM CUOPKH.
1899,
T e a r c u d . J u n e 30.
1901.
1900.
A v. m iles o p e r a t e d .......................
5 ,2 0 2
5 ,0 7 0
4 ,7 8 0
G ro s s e a r n in g s ............................. $ 2 8 ,8 5 0 ,0 9 0
$2H ,<no,7H 9
$ 2 5 ,0 1 7 ,0 0 8
$ 1 1 ,0 2 0 ,5 1 2
N ot e a r n in g s ........- ................... $ 1 1 ,5 3 7 ,6 2 8
$ 1 3 ,0 4 2 ,4 1 4
j
52*38
P. 0 , Of e x p . a n d t a x e s ...........
59*30
54*89
I
(2) OH HAT NORTHKHN INCOME ACCOUNT.
I899,
Y e a r e n d i n g Junit 3 0 .
i9 0 1 .
1 900.
$ 8 ,9 0 2 ,2 2 6
ot, earn s Ht. R. M. A Man ..
$ 8 ,0 2 6 ,8 7 1
$ 9 ,5 3 0 ,7 7 6
1 terest, on b o n d s o w n e d ........
105.017
3 9 6 ,5 4 8
350,4*22
2 ,1 3 4 ,0 2 0
lv td e n d s o n s to r k s o w n e d ...
3 . 12 0 ,5 0 4
2 ,9 5 8 ,8 6 5
re fit on T re e s. s c o u r so ld .
3 3 7 ,5 5 1
0 8 9 ,0 7 0
0 8 ,1 6 2
10 6,31 8
e n ta ls o f lea sed lin e s .............
1 7 2 ,7 5 2
160,705
3 ,0 1 0
Ills r e c e iv a b le .......................
2 ,0 1 4
3 ,7 4 0
I 9 0 ,1 0 2
G e n e ra l le t. A o th e r In co m e ..
2 1 2 ,8 4 5
430,460
T o ta l r e c e i p t s ....................... $ 12 ,2 7 4 ,0 8 8
$ 1 4 ,1 3 0 ,0 0 0
$ 11,6 7 0 ,0 5 0
Portage la Prairie
_
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,ri. I Russell
?
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^Rkflhton^Jrp
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,
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Sleepy E 3
WEST'N
^<0
.W oonsocket V JV ila «
Mankato
L. Crystal-
rabasha___ ^ G'
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(arshland
Tomah
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Madison
( l^ v f
•Sh* *&>. iv %
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yJSWB*,
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ley Falls
ETanlev F
o;a
ey
CHI.
P ierrej]
D ^ ^ > s \W
WATERTOWN
. Minnesela
o
P
Clara Cy
Faulkton'
miaston
__
ST.
7oe^
Owl R.
Forest C ity.
BRQOK"P arkA
B
V (/)]$ Isanti
^Bowdie
R n lt S T
O n ton agon
^
Hiucklei
2
-J|defer"
E u reka 9
\
Grand R.
hton
.spagi , . Io R
J^jSUBE^H
SA U N D E R S ^ f][5 o y l's to n Jron RiveiP
'\^0Dedhaiq
/ A > f Flex boro ? Masoi
s•
^^Mapstield
Mellen’
^S A N D S TO N E
rowersville
■05* xi
cir^sscas
WD
ELLEINDALE fei__
i
o A
WDN
AEA
Edgeiey
i?
_
V s / C <*
SWAN RIV E R Skv^
* 4 C Tw
r5> / -o *VSv -A
s
Dorset
[ Park Rapids
SebekaV
Leaf Rive
j v t e
6l \
t
-
a*
i-a&e
RITA<
%,: f t e
Big Horn
"Riverside
L,
ADDISON]*^
PAC.
.B arck
ism
0
Morgan
H
P tV ^ °
I
1 b**!
R IP O N 1
rNYESTOBS’ SUPPLEMENT.
Me
vFt. Custer
c< o ’
.
^
Carringi'o
Sykeston
Ft.BertholcT
>P
s»
&Rosei
* ta & ®
A<v #
°
^
o*
.<?
NORTHERN
STEAMSHIP CO.,
LINE
9^'
N
.a
w b<
va e
pAc.
'c an -
,er
VG A R R E T S t o N
Chamber^
Biver
White
cHim
Heron L.
L
------\ry
x--------rrrCT Albert Lea-
p.
La C r o s s e ^ E l i
ST.
^
"orth in gton ^
u ffa lo ^ a p
•r^. Arm our
pr.
r*
YAN.KTOI
o •n E ill-
°\W| u_MAB
Neiigh
Thedford
R
A
val.
K
Albion
Freni 011^
Broken
Columb
'b
^
lxxv
xBi
.
N ~ E
^ I O U )h c iT -Y -
4 \p
o l
ENTIRE SYSTEM 5,492 MILES.
1
Merrill
[V
( E A S T E R N S E C T IO N )
&
Is
[Maurice
<
A insworth
Portage Cy .
lep^oygan
a
£RHt
1VIAP OF T H E
GREAT NORTHERN RAILWAY
^^vBecorah.
I^nimx~
(A'iborg\^T^
iViroqut
J u l y , 1902.]
C ..
AN
Tilley
Bowel!
XtUth Bern
'
■rase:
^Lethbridge
FtJklc:
^%\Stirling
r Saimo
Waneta.
.Kooteuayy
NORTHfAORT.
Blossbux^;^
M A R C U W
OolYjUlew*
Chew/lah^v'
f
Coiro$
'h
xlas V '
Mead
Collin!
'Flathead^
Lake
R A IL R O A D
JT
ASSINIBOINE
B qx Elder
ifu e y V
Spr§igdale\
x t f /v o t o i
j2/BENTO
^Sidney
''<&
’ortage
Missouri
Newton
Wilder.
f Moscow
mmm:i
muell
Mtn,
De Smet
.Missoula
fcgdale
White SulphurJSprs/
Rumsey
m
\BUTTE
^Junction
J^A thena
S
Biff Horrup'NOR. RoaSbud
Big Timber
Lau re 1 >^Billmgs
Salmon City
TXniou
Dillon
RedJEtock
Great Fayette L,
* Bonanza City °
Da\^lUeVu^John^p§.Y
.IM n evilleQ Canyon City Q
ENTIRE SYSTEM 5 ,4 9 2 MILES.
Mayimoth Hot Spr&
Sheridam
M AJIONAL ^_y-
Sumter
Vanwyck
M Yellowsloiie^Lake
Beay.er Canon
Huntington
■%&Weiser
Buffalo o
W P /R K
% \Sturgis
Frane
MAP OF THE
(WESTERN SECTION)
Ashland
Red.Lodge
YELLOWSTONE
Galena
GREAT NORTHERN RAILWAY
Powdery;
Cinnabar
Wood bum y
Crown Rock
|
&
avingston
° Virginia Cil
M t& o& ti ?
Ft. Custer
B O N D S
Bozemai
^Norris
Miles Citw
Musselshell.
Huntle;
( Gallatin
ioJLogan
sfatmou
;r;p o r t la in
‘Mina-vilfc
W M t«
Halbert
ibra °‘
I(Townsend
feouldej
7m ° ws
* B Sm ef
Medora
> d ^ -tie r m c e
J^E lkPark I
Anaconda
Wallul!
17mai
HTEJ-ENA
Drummon*
Florence
S StoJ
o\Le.wislown
A N D
7 Po,uw^ f L
jgP Dayton
'I
Waitsburgh |
m o n a r c h
O ^N E» HAFU
Mitchell
iilyer
A ,
* Genesee^-*!
>
W
Ft.Maginnis
S T O C K S
SpragneF fTekoa
TO
OakesdaleV^
|Fanning! on
Garfield
■
^•4\lnona Je/$;
iliu c e v ille X
'Rrfri BARKER^
MINN.
Ckealiim
Camas
JPowder Rivej
Ketchum
Boise City
Hailey
Eagle RocJ
Bla^kfoot
'Shoshone Jc.
Pocatello
Lyons
Douglas
(AmerfcanTIalls
McCam
Iryine'
CiVwtord
a
66
INVESTORS’
SUPPLEMENT
[V ol . L X X V .
RoYtas—Princi
INTEREST FOR DIVID EN DS.
Miles Date Size, or
A m ount
pal, When Due.
Par
of
of
Outstanding Rate Per When Where Payable, and by Stocks—Last
F or explanation o f colum n headings, <fcc., see notes
Road. Bonds Value.
on first page o f tables.
Cent. Payable
Whom.
Dividend.
RAILROADS.
G r e a t N o r th e r n —( Concluded) —
72 1888
East o f Minn. 1st M .($50,000 p. m .), g.,gu.Ce.c*<fcr
No. Div. rnort., $15,000,000, gold, guar.]Re.c*<fcr 299 1898
Mont. Cen. 1st M .,g .($6,000,000 are 6s)gu.Ce.c<fcr 260 1887
W illm ar& Si’x F ’lls 1st M.,g.,gu.p.<fei,(ena)Ce.c+&r 205 1888
....
....
M inneapolis W estern 1st m ort., gold, guar.......c*
Duluth Superior & West, ca r trusts, assum ed—
Great Nor. By. o f Canada—1st M., g., s.f.,text.C e.c*
177 1900
. . . . 1900
Q uebec Term ’l M., $300,000 auth. (V. 71, p. 698)
Equipm ent bonds, due sem i-annually ................
...
....
....
Green B ay & Western B R —Stock. See t e x t ............
. . . . 1896
Debentures, Class A , incom es, text, non-cum ..c*
1896
Class B, incom es, after stock, n on -cu m .......... c*
—
Greene BR. (N. Y.) —S tock .............................................
8 1872
First m ortga ge..............................................................
75 1893
Gulf Beaum ont &K . C.—IstM .,$10,000 p.m. ,g. A B .e
75 1893
2d m ort., $10,000 per m ile($176,000 are 6s) A B .e
G ulf B. & Gt. N o.,gold. p. & i. gu.,end. A B .t e x t .c Text. 1900
G ulf & Ship Isla n d —1st ref. & terrnT M., g.N..c*<fcr 254 1902
H annibal < St. Joseph—See Chicago B urlington & Quine y.
&
53
H arrtsb. PortsmHh Mt. Joy dt L ane —Stock,7 p. e.gu.
53 1853
1st m ort. (ext’d in 1883), guar.p.&i.Pa. R R .G P .r
H artford & Connecticut Western—Stock.....................
109
....
1st m ortg a g e................ ................................. ............
109 1883
H enderson B ’dge Go.—1st M., g., d’ w n at 105.C e.c*
1881
H ibernia M ine B R .—Stock ..........................................
in
M o c k in g V a lley R y . —Stock, com ., $11,000,000..
Stock, pref., $15,000,000 4 p. c. n o n -c u m ............
....
....
Columbus & H ock in g V alley 1st more., g old .-.c*
76 1867
Col. & Toledo 1st M. (Columbus to W albridge).c*
118 1875
Ohio & West. Va. 1st M. (Logan to Pom eroy)c*..
85 1880
* $16,000 old 58 o f 1896 rem ain outstanding.
Pear ending J u n e 3 0 1901.
Paid rental St. P. M. < M an. $3,687,656
te
Great Northern d ivid en d s... .(7)6,897,369
R enew al, e tc., fu n d s.. . ....... .........................
$
l,00 0& c $4,700,000
5 g.
l,000<fec d 5 ,000,000
4 g.
l,000<fcc 10,000,000 5 & 6 g.
1,000
3,646,000
5 g.
1,000
500,000
5 g.
146,868
1,000
4,040,000
5 g.
60,000
5
350,000
1,000
6
100
2,500,000 4 Feb.’02
1,000
600,000 4 Feb.’ 02
1,000
7,000,000
100
200,000
6
500
200,000
7
500
749,500
6 g.
500
750,000 5 & 6 g.
1,000
434,000
5 g.
1.000&C *3,471,000
5 g.
50
500 &c.
100
1,000
1,100
100
100
100
500 <fcc
1,000
1,000
1900.
1899
$3,709,548
$4,137,824
(7)6,408,778(6% )3,851,034
1,800,000
1,800,000
B alan ce.................................... s r .$ l ,6 8 9 ,0 6 3 s r .$ 2 ,2 1 7 ,7 6 4 s r . $ l , 7 8 7 , 1 9 2
(3) OPERATIONS OF WHOLE SYSTEM.
Year end. June 3 0 ,’0 1 .
Gross.
Net.
Oth. inc.
G reat Northern R y ..$ 2 0 ,8 8 1 ,0 5 1 $ * ,0 2 6 ,8 7 1 $ 1 ,1 5 5 ,5 9 1
E astern R y. o f Minn.
3 ,7 3 5 ,0 2 0
2 ,0 4 0 ,7 6 2
3 9 0 ,4 5 8
M ontana Central R y .
2 ,1 9 6 ,5 5 0
9 8 2 ,4 0 1
2 8 ,2 8 0
Will. & Sioux Falls R y
1 ,4 8 1 ,5 8 7
4 8 0 ,9 1 1
8 .4 9 0
Dul. Water. & Pac. R y
5 6 ,4 8 1
6 ,6 8 0
208
Tot.net inc.
$ 9 ,1 8 2 ,4 6 2
2 ,4 3 1 ,2 2 0
1 ,0 1 0 ,6 8 1
4 8 9 ,4 0 2
6 ,8 8 8
Tot. Ry. sys. proper$28,350,689 $11,537,626 $1,5*3,027 $13,120,653
$382,732
Spok. Falls & Nor.Sys. $855,900
$309,794
$27,062
M inneapolis U n ion .,..
227,002
9 ,6 7 3
171,756
181,430
24,024
24,011
57,214
13
M inneapolis W estern.
13,500
13,500
Duluth T erm inal.......
39,471
N orthern Steamship. 1,034,110
238,279
238,279
Tot. fo r the system .$30,564,387 $12,267,905 $1,619,775 $ 13,887,680
F rom this last result ($13,887,680) w ere payable the total in terest
charge o f all the com panies, and the guaranteed dividends on St. Paul
M inneapolis & M anitoba stock, a total o f $5,051,456, leavin g a b alan ce
o f $8,836,224, from w hich have been paid dividends o f $6,897,370 on
the stock o f the Great Northern R y. C o.,balance. $1,938,854.
O f f i c e r s .— President, James J. Hill, St. Paul; 1st Vice-President,
Jam es N. Hill, St. Paul; 2d Vice-Pres., R. I Farrington; 3d V ice-P resi
dent and Sec y, E. T. N ichols, New Y ork; 4th Vice-Pres., J. W B laboa;
T reas’r and Asst. Sec’ y, E. Sawyer, St. Paul; N. Y . office, 32 Nassau St.
D irectors.—.T J. H ill, Frederick W eyerhauser. S. H ill, E. Sawyer, M. D.
G rover, R. I. F arrinston. St. Paul; H . W . Cannon, N ew Y or*; J .N. H ill, St.Paul.
— V. 74, p. 94, 267, 629, 680, 829, 883, 1251, 1308; V. 75, p. 29.
G re a t N o r th e r n R y . o t C a n a d a .—(S ee M a p .)—Operates main
lin e betw een R iv-a-Pierre, on line o f Quebec & Lake St. John’ s R y.,
and H aw kesbury, on the Canada-Atlantic R y., 172 miles, with both
o f w hich roads it has tw enty-year con tracts for interchange o f traffic
o n a m ileage basis; also a branch to Shawinigan, faniles; all co m
pleted Dec. 3 1 ,1 9 0 0 . A branch from Joliette to M ontreal, 36 miles,
under the charter o f the Chateauguay & N orthern R y., w ill b e leased
w hen com pleted. In Dec., 1901, con tract fo r an exten sion o f main
lane from Garneau Jet. to Ft. Catherine. 63 miles, was let. H as 5-year
con tract with Leyland line, expirin g 1905, in con n ection w ith which
and Canada A tlan tic R y. it form s a through line from Chicago and
D uluth to Liverpool and London, England, 800 miles shorter than via
Buffalo. Owns its own elevator at Quebec, car and repair shops at
Quebec and other places. V. 71, p. 1220. First fiscal year ended Dec.
1 ,1 9 0 1 .
E arly in 1902 am algam ation with other Canadian roads was under
consideration, b u t plan finally dropped. V. 74, p. 936, 987.
S t o c k a n d B o n d s .— Stock authorized, com m on, $4,550,000; d e b e n
ture stook, $3,000,000; preferred stock, $450,000. Issued A pr. I
1901, $3,000,000 com m on stock. Of the $6,000,000 first m ortgage 5s,
series A , issuable at $20,000 per mile o f com pleted road, $3,540,000
are outstanding, and also $500,000, series B, issued on a ccou n t o f
bridge across the Ottawa R iver a t H awkesbury. The stockholders
voted on July 17, 1901, to issue equipm ent bonds; also to authorize e x
tensions from Grand Mere or Garneau Jet. to a p oin t on the Lake St.
John R y .,in Portneuf or Quebec County, »nd from H aw kesbury to South
Indian, and bonds on these extensions at $20,000 per mile.—V. 73, p.
32. Earnings from May 1 to Oct. 31,1 90 1 , first 6 months o f actual
operation, gross, $249,327; net, $104,583.
President, Pierre Garneau, Quebec; 1st Vice-Prest., James McNaught,
N ew Y ork ; 2d Vice-Pres., H. H. Melville, B oston; 3d Vice-Pros., V ictor
Chateau vert. Quebec; Gen. Mgr., J. G. Scott, Quebec; Seo., Louis G.
Scott, Quebec; Treas., Ernest E. Ling, Quebec.—(V. 75, p. 29.)
G re e n B a y Sc W e s t e r n B R , - R oad ow ned from Green Bay, Wis.
to M arshland, Wis., 209 miles; branches, 13 in.; trackage to Winona, 4 m
H i s t o r y .— A reorganization June 5 ,1 8 9 6 (per plan in V. 61, p. 471),
o f the Green Bay W inona & St. Paul, sold in foreclosu re May 1 2 ,1 8 9 6 .
S e c u r i t i e s .— There are no fixed charges on the p rop erty otherthan
ta xes, n or can any be placed thereon, o f the property be sold or leased
w ithout consent o f 75 per cen t of stock. Class A debentures are en
titled to 2 ha per cen t interest, if earned, then com m on stock to 2 hi p.c.,
then the tw o share ra ta b ly ; but after 5 per cent has been paid on both,
cla ss B bonds are entitled to all surplus earnings. See V. 61, p. 471.
D iv id e n d s —
>1898.
1899.
1900.
1901.
1902.
Class “ A ” deb., p. c .............> 2hi
2ha
2ha
3
4
1^
2hs
3
4
Stock, p. c ............................ ) _______
R eport for year ending Dec. 31, 1901, in V. 74, p. 676, showed: Gross
warnings, $527,312; net, $132,355; div. (4 p .c .) on “ A " debentures,
$24,000; on com m on stock (4 p. c.), $100,000; bal., sur., $3,355.
E a r n s . —Passen’r. Freight.
Gross.
Net.
Charges. Bal.,8ur.
1 9 0 0 -1 ...$ 1 2 2 ,9 3 9 $358,653 $481,692 $125,414 $32,958 $92,456
1699-0— 121,270
362,836
484,106
102,503
26,808
75,695
From balance in 1900-1 was paid on com m on stock, 3%, $75,000;
in 1899 0, 2hi%, $62,500.
1,182,550 7*2 in ’ 02
700,000
4
2
2,709,800
700,000
5
1,597,000
6 g.
200,000
6
10,421,600 3 in 1902
14,000.000 4 in 1902
1,401,000
4 g.
7
2,500,000
1,584,000
7
A.
A.
J.
J.
J.
&
&
<
fe
&
&
O. N .Y.32N as.; Bos., Lee, H
O.
do
do
J. N. Y ., 32 Nassau 8t.
D.
do
do
J. N .Y.& Lon., BaringBros
J. & J.
J. & J.
Feb.
Feb.
J.
J.
F.
F.
J.
J.
<
fe
&
&
&
&
&
D.
D.
A.
A.
J.
J.
Apr. 1, 1908
1928-1948.
July 1, 1937
June 1, 1938
July 1, 1911
To Feo. 1,1906
N. Y. Central Trust Co. Jan. 1, 1950
Montreal, Can.
1950.
N .Y , Central Trust Co.
To 1905
N. Y. of., 40 Wall.
Feb. 1, ’0 2,4 %
do
do
Feb. 1, ’0 2,4 %
do
do
D.L. &W. off. 26 E xch. PL Jun e,1902, 3%
do
do
Dec. 1, 1902
N . Y , 59 Cedar St.
Aug. 1, 1913
do
do
Aug. 1, 1913
do
do
July 1, 1930
N. Y Fisk & Robinson Feb. 1, 1952
r.,
J. & J. Phila., Company’s Office J u ly lO ,’02,4%
J. & J.
do
do
July 1, 1913
F& A .31
Hartford.
Feb. 28,’ 02,1%
J. & J.
do
July 1, 1903
M. & S. N. Y ., 120 Broadw ay. Sept. 1, 1931
A. < 0 .
fc
See Central o f N. J. A p r.10,’0 2,3 %
J. & J. N.Y., J.P. M organ & Co Ju’ y l9 , 02, I**
J. & J.
do
do
Ju’y l 9 ,’02, 2%
A. & O
do
do
Oct. 1, 1948
do
do
F. & A.
Aug. 1, 1905
M. & N.
do
do
May 1, 1910
D i r e c t o r s .— 8. S. Palm er,P res.; Mark T. Cox, Sec. and Treas., 40 Wall
St., N. Y .; C .L ed yard B lair, J. A. Jordan, W. J. H unt.—(V. 74, p.’6 7 6 .)
G ree n e R R . - Owns road from Chenango Forks to Greene, N. Y
3 miles. Leased to D elaw are Lack. W. fo r term o f charter for 6 per cent
on stock and interest on bonds. Capital stock, $200,000; par, $100.
G u a y a q u il & Q u it o R y . —V . 72, p. 1187, 1279; V. 74, p. 1196,
1355.
G u l f B e a u m o n t & K a n s a s C ity R y . —B eaum ont, T ex., to Rozansville, Tex., and branches, 75 miles. G ulf Beaum ont & Great
Northern, o f which R ogansville to San Augustine, 60 miles, under co n
struction, 31 m iles being com pleted Ju ly, 1902. Stock, $500,000
par $100; in July, 1900, the Atch. Top. & S. Fe acquired a m ajority
—V. 71, p. 236. Car trusts June 3 0 ,1 9 0 1, $119,687. Y ear end. June
3 0 ,1 9 0 1 , gross, $280,049; net, $53,847; int. on bonds, $82,302; m is
cellaneous interest, $5,337..—(V. 71, p. 236.)
G u l f Sc I n te r -S t a t e R a i l w a y o f T e x a s .—P ort B olivar, on
Galveston Bay, to Beaum ont, Texas, 70 miles, was owned, o f w hich 27
miles from P o rt B olivar to H igh Island w as wash© i aw ay b y flood in
Sept., 1900, but in Oct., 1901, it was reported, was abou t to be rebuilt.
Im provem ent & Loan Co., G alveston, is trustee under first m ortgage,
which secures $829,000 5s o f 1895 in default. Capital stock, $71,000. Y ear ending June 30, 1900, gross, $152,342; net, $ 7,2 00 .—V.
70, p. 1249; V. 71, p. 182, 698. In Sept., 1900, receiver w as appointed;
Jos. P. O’ Donnell is now receiver. In June, 1902, $5,000 receiver's
certificates w ere authorized fo r repairs. V. 74, p. 1308. In A pril,
1902, Tohn H. B roocks. o f Beaumont, Tex., purchased control and p ro
posed. if possible, to reorganize the road without foreclosure —V. 72,
p. 1237; V. 74, p. 728, 1308.
G u l f Sc S h ip I s la n d R R . —(See M a p .) —Owns from G ulfport on
Mississippi Sound, G ulf o f M exico,to Jackson, Miss., 160 m iles; branch
to H andsboro, 4 miles; branches, M axie to Columbia, 48 miles, and
Saratoga to Laurel. 42 miles; total, 254 miles. The road was extended
as above in 1899 and 1900, tbe entire line bein g operated from Sept.,
1900 V. 69. p. 1011. Laid with 60 and 65 pound steel rails, fo r form er
o f which 75-lb. rails are to be substituted. Im portant harbor im prove
ments are being con structed at G ulfport, including an extensive
system o f docks, piers, etc.; also a channel 6 m iles lon g exten d in g to
deep water. Charter is perpetual.
S t o c k . - Capital stock, $5,000,000 (par of shares, $100) all outstand
ing and deposited with N. Y. Sec. & Trust Co. uuder a voting trust.
B o n d s .—O f the new 1 s t 5s ($5,000,000 authorized), $2,750,000 were
used to refund the old bonds (only $16,000 o f tne latter being now out
standing), the rem ainder being issuable as follow s: $750,000 to com
plete the term inals a t G ulfport. $500,000 fo r new equipm ent and $1,000,000 fo r 75-lb. rails and other im provem ents to roadbed and struct
ures. A sinking fund o f one per cen t yearly accruing from Jan. 2 ,
1905, m ay purchase bonds at not exceed in g 110, but the latter cannot
be drawn. See V. 74, p. 426, and application to list, V. 74, p. 1257.
L a t e s t E a r n ’ s -1 0 mos., ) 1 9 0 1 -2 ..Gross, $1,132,250; net, $351,949
Ju ly 1 to A pr. 30.
5 1 9 0 o -l Gross,
834,454; net, 190,434
R e p o r t .— Y ear ending June 30, 1901 (250 average m iles), g r o s 3,
$1,035,429; net, $232,674. In 189J-00 (154 average m iles), gross,
$456,139; net, $99,819. B alance sheet, O ct 31, 1 9 d . —V. 74, p. 425.
Pres., J. T. Jones, Buffalo, N. Y .- ( V . 74, p. 373, 4 2 5 , 426, 1251, 1 2 5 7 )
H a n c o c k Sc C a lu m e t R R , —See M ineral R ange R R .
H a n n i b a l Sc St, J o s e p h R R , —In 1900 m erged in C. B. < Q,
fc
H a r r l m a n & N o r th 'a s te r n R y . —Harriman to Petros, Tenn.,
22 miles. Bonds, $300,000, 20 year gold 6 s, dated Dec. 13, 1895; Cen
tral Trust Co., N. Y ., trustee. Y ear to June 30, I9 60 , gross, $72,495;
net, $36,724; charges, $37,000; bal., def.. $276. Pres.. Bird M. R obin
son,N. Y. Office, 253 Broadw ay, N .Y .- (V. 72, p. 988.)
H a rrisb u rg : P o r t s m o u t h M t . J o y Sc L a n c a s te r R R . —Owns
from Dillerville, Pa., to Harrisburg, Pa., 35 m iles; branch, M iddletown,
Pa., to Columbia, Pa., 18 m iles; total operated, 53 miles. Leased to the
Pennsylvania RR. Co. for 999 years from January 1, 1861, the rental
being 7 per cent on the stock and interest on the bonds, taxes and ex
| penses o f organization. In July, 1902, ^ per cen t extra was paid.
Stock, $1,182,550; par $ 50 .—V. 75, p. 29.
H a r t f o r d Sc C o n n e c t i c u t W e s t e r n R y . —Owns from H artford
Conn., to Rhinecliff, N. Y., 109 miles. Leased till August, 1940, to the
Central New England Ry., the rental paying charges and 2 per cent per
annum on the stock. Of the stock $1,390,100 is ow n ed by lessee.
H a w k i n s v l l l e Sc F l o r i d a S o u th e r n R y . —V 74, p. 775.
H e n d e r s o n B r i d g e C o .—Owns bridge across Ohio R. at H ender
son, K y .f and 10 miles o f road. Stock is $1,000,000 (par, $100), of
which the Louisville & Nashville Co. holds about $830,000, a part being
in tli^ B ridge Co. treasury(V .73, p. 960). The Bridge Co. Is guaranteed
gross receipts of $ 200,000 per year by the several roads using it and
dividends o f 2 ^ p. c. w ere paid each F. < A. to Feb., 1991. The
fc
A ug., 1901, dividend was passed.—V. 73, p. 391. See official circular.]
V. 73, p. 444. Protective measures V. 73, p. 723. $403,000 bonde
in sinking fund in Oct., 1900. F or year 1900-1, gross, $257,175; net,
$200,790; charges, $128,000; dividends, $25,000. (V. 73, p. 723,960.;
H ib e r n ia M in e R R . —Owns from R ookaw ay, N. J., to Hibernii
Mines, N. J., 41* m. Leased to Cent; o f N. J. in 1890 fo r $ 1 2 ,0 0 0 per an
H o c k i n g V a lle y R a i l w a y —(Nee M a p .) —This com pa n y owns
main line from Pom eroy, O., to Walbridge, O., 250 miles, with track
N
9
Lake
Temi'skaming
Great
Victoria
R iver
Cartier
L. Eoignan
C helm sford
Temagaming
L a ly
•Temiscawing'
f Monovan
^
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Niippewa
-
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•• •
:
L. W in d fall
^ip4s^ing_Jc
L .P i d a t o s i n
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Gracefield
V
CANADA
Kazabazua
A T LA
ic ta o n -
l l s
S
5
%
vrM u^koka W h a r f °
Southampton/ Owen Sound
/S O U T H
Braeebridge
Gravenhurst
H aliburton
Bancroft
Coboconk
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Penetaj
.P rescott
Collingwood
Myrtle
grand
W ingham
Pahner
Clinton
Berlin
t& ke Clear
PhiladelphiiXyyCart huge
C
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aiiSHaveh
G RAN D
\Ful ton
Woodstoclc
$V *gara
jt& tiM U l
Fulton Chj
Camden
Rem sen
R om e/
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S aratoga S japsv
H erkim er
TRUNK
Ballston
Port Arthur
GREAT NORTHERN RAILWAY
of CANADA
•ortland
Edmoston.
AND CONNECTIONS
FROM
QUEBEC TO
AND
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Richland
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f \Tees water
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C O N N E C T IO N S
68
US VESTO B8’
SUPPLEMENT,
rvo L.
l x x v
,
K A llJiO A l) STOCKS AND BONDS.
1902. J
Ju l y ,
.enawee Jc.
A dria n
otr^oj
s'N'Monroe Jc!
Corbus
rosv en or
['HOCKING VALLEY
i
RAILWAY ,
«9
lexis.
albrrdge
vUbammgs'
Huron
*>-rBerlin
>radnex
_ BALT,
Ala lint a
•herwood
urgoon
Farnham
:ismg/Sun
.o n g le v V -
Deshler
orwalk
Wellington
W alker
| Pauldinj
Chicago Jc
S tu art
B e r w ick
(Glandorf
Scott
hS
Greenwich
\/McCutchenvti]e
/Ottawa
( Columbus/ c u
)
G rovesV^^ \
—T"---- ’ /Bluffton,
-elphos
>]
7
New London
Creston'
Shiloh
wfordXb<
|rell
[ P P E R/ SAN
Shelby Jc,
W non^s
Ashland
Wooster;
PITTS;
Crest] im
Forest
Mansfield
Galion
Shanes
Cridersville
Belleville
Wapakoneta
U M E $ STONE’
Y
Botkins
Anna
Afinste]
R idgew ay
(
Ankenytown
/
T
laiborne,
Bellefontaine
^A/Sidney
Hunt
Quincy
Centreburg o
E LA W A R
Pottersburg,
Versailles
octon,
>U tica
v ohnstowD
J
^Greenville
Killbuck
Gann
Fulton
Harper
>udonville
Millersburg]
Cdison
Alt.Gilead
,
Lends ton
Reservoir M
Dresden Jc
.Covington
Urbana
Mechanicsburg
ewark
.an
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Zanesville
\ P ljT S .
.udlof
Falls
/^ \ W
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Cannelville
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Lebanon
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SANDSTONE
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7
«
DfYESTORS’
SUPPLEMENT.
[VeL. L X X V ,
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, Wlien Due.
Amount Rate per When
of
Par
For explanation of column headings, &©., see note© of
Where Payable, and by Sloeks—Last
Road. Bonds Value. Outstanding Cent. Payable
on first page o f tables.
Whom.
Dividend.
RAILROADS.
4ieg. J. & J. N. Y., J.P.M organ & Co. July 1, 1999
S ock Val.—(Oon.)—1st con. M., $20,000,000, g-C e 346 1899 Si.ooo &c $11,237,000
1901
1,000
....
2,750,000
K.&H .C.&C.lstM .,g ,$3.500,000,d o.re d .llO a f’ l l
July 1, 1951
5 g- J. & J.
1,000
1894
....
450,000
Car trust bonds and scrip, s. f., red. at par, g ... A
Q .-J . N. Y., Atlantic Trust Co. Apr. 1, 1904
6 g.
Various
. . . . 1900-1 Various
1,654,830
5
Equip, notes, payable monthly........... .......... .......
Various.
To July, 1908
1,000
....
1902
1,600,000
Car trusts, gold, $80,000 sem i-annually.S........
41
eg. M. & N.
N ov.’02-My’ 12
100
....
....
250,000 2 in 1901 Dee. 31.
Hoosac Tunnel < Wilmington—Stock.........................
6
Holyoke, Mass.
Dec.31,’01,2%
1,000
250,000
25 1892
1st m ortgage, $250,000, g o ld .O B .
5 g. M. & S Boat.,Old Colony Tr.Co. Sept. 1, 1922
1,000
192 1893
2,199,000
Houst. E. & W. Texas— gu. p. & 1. by So. P. tin.. o'
5 g. M. & N. N. Y., 120 Broadway. May 1, 1933
192 1893
1,000
501,000
1st mortgage, gold. . not guaranteed.
do
do
May 1, 1933
5 g. M. & N.
75 1870
See text.
6
Houst.<6 Tex. O.RR.—State of Tex. pr. lien 1st 75 m.
1,001
5,960,000
1st M .l.gr.g.red.llO.lnt.gu. $2,104,000 pd.Cec*&r 453 1890
5 g. J. & J. N. Y., Central Trust Co. July 1, 1937
1,000
453 1890
2,911,000
do
do
Con. M., 1. g., g., red. at 110, int. guar. F.c*<fcr...
6 g. A. & O.
Oct. 1, 1912
1,000
4,287,000
Gen. M .,gold,int.guar..end.,$8,000 paid. OTpc,'<fcr 453 1890
do
do
Apr. 1, 1921
4 g- A. & O.
1.000
58 1900
1,105,Of 0
6 g. M. & N. N. Y., Cent. Trust Co. May 1, 1930
W aco & N.W.Div., 1st M.,g.,$25,000 p.m.Ce.c*&r
1,000
1,920,000
5 g. J. & J.
Austin & Northwest., 1st mort. g.,gu.p & i.A c*<fcr 103 1891
do
do
July 1, 1941
1,000
41 1895
709.000
6
J. & J.
Ft. Worth & New Orl., 1st M. (Wax. to Ft. W.)..
Deo. 3 1,1925
...............
1,000
12 1881
A. & 0.
180,000
6
C.Tex.& N.W., 1st M.. gu. S. Pao. (Gar. to W ax.)F
Oct. 1, 1911
50
1 in 1897
64
1,371,750
Huntingdon < Broad, Fop—Common stock .......
&
Phil. Of. ,4th&W alnutSt. Feb. 8 ,’ 97, 1%
....
50
64
2,000,000 6 in 1 9 (2 J. & J.
do
do
July 24,’02,3 is
Preferred stock, 7 per cent, non-eumulative.
64 1854
500
416,000
do
do
Sept. 30,1920
1st M., extended in 1890 (int. only in g o ld )..G P
4 g- A. & O.
500
64 1857
F. & A.
367,500
do
do
Feb. 1, 1925
4 g2d M., old 7s, extended in 1895, p. & i., g .) ...G P
1,000
64 1865
1,497,000
do
do
5 g. A. & O.
Moh. 31.1925
3d mortgage, consol., ext. in gold in 1895.G P.o*
___
1,000
1896
5
A. & O Phila. .Merehants’Trust O ct.l,’02-1906
340,000
Consol, car trust, $68,000 due Oct. 1 yearly—
...
1,000
4
J. & D. Penn. Co. for Ins., <fec. To Dee. 1, ’ l l
1899
292,000
14th ser. car trust, $29,000 yearly Dec. l . P e P . .
5
F. & A. N.Y.,So.Pac.Co. 120 B’y
322,000
16 1893
Aug 1943
Iberia & Vermilion—1st m ortgage...........................
....
100 79,200,000 6 in 1902 M. & S. N. Y ., 214 B’way & Lon. Aug.S0,’ C2,3%
I l li n o i s C en tral—Stock, $95,040,000...................
__
100
4
J. & J. N. Y ., 214 B’way & Lon. July, 1902, 2%
10,000,000
Leased line 4 per cent stock, guar, (see remarks.) __„
*2 00
2,500,000
1875
London.
Apr. 1, 1951
old 6s ext. in 1895'
< g- A. & O.
1
1st mort. of Sterling bds. £ 10,000dr’nyrl.o*
1874
£200
3,150,000
5 g. A. & O. London,Morton,C.& Co. Apr. 1, 1903
03,
1 8 7 4 f o r Sterl. of ’bonds, due 1905..........
£200
do
do
1,000,000
Deo. 1, 1905
5 g. J. & D.
7Uos 1875
$15,000,000 Sterling
1,000
1,500,000
1886
4 g- J. & J. New York, 214 B’dway. Jan. 1, 1951
1886, due 1951, gold---- c*
secures all 4s o fof 1886, due 1951, g old..c*
1,000
2.499,000
3 ^ g. J. & J.
do
do
Jan. 1, 1951
1886
equally. U s 3^8 f 1895, due 1951, gold.e*&r
London.
£200
£500,000
3 g. M. & S.
1895
Mar. 1, 1951
3s o
H o c k in g V a l l e y R a i l w a y . —(C o n c l u d e d ).
age (Penn. RR. System) Walbridge to Toledo, 6 m iles; branches to
Athens, Nelsonville, etc., 73 miles; leases W ellston & Jackson Belt
Ry., Junction to Jackson, 18 miles; total, 347 m.; 2d track, 25 m.
H is t o r y , &c.—Successor on Feb. 25,1899, per plan in V. 68, p. 231,
to the Columbus Hock. Valley & Toledo Ry., sold under foreclosure
Feb. 24, 1899. V. 6 8 , p. 231, 3 7 9 . The coal lands, from which the bulk
of the com pany’ s business is derived, aggregate about 20,975 acres, and
are covered by the new consol, mortgage. In Dec., 1899, acquired
oontrol o f the Toledo & Ohio Central Ry., but that road is operated
separately. See Sto c k below.
Stock .—There was reserved $5,000,000 each o f preferred and com
mon stock to acquire Interests in the Toledo & Ohio Central Ry.
and Col. Sand. & H. railways, if practicable or desirable. In Dec.,
1899, o f this reserved stock $4,421,600 common and $4,000,000 pre
ferred stock was set aside to acquire the entire issue o f $8,421,000
Middle States Construction Co. collateral 3s, which are secured by
deposit o f almost the entire capital stock o f the Tol. & Ohio Cent. Ry.;
$1,219,100 of the said $4,000,000 preferred was set s side for T. & O. C.
car trusts, improvements, etc., and in Oct., 1900, $500,000 thereof was
issued, and balance in June, 1901. In June, 1901, all except $54,100
Tol. &Ohio Central common and $11,600 preferred stock had been ac
quired. See V. 69, p. 1345. Rights of pref. stock are;
Preferred stock is to be prelerred both as to dividends and assets in case
of liquidation and subject to the statutory right of the company to redeem the
same at par. A fter 4 per cent on both common and preferred shall have been
paid for any fiscal year, further dividends for such year shall be for the equal
benefit of both stocks.
D i v i d e n d s .— O d p r e f., 1 9 0 0 , l 3 p. c ., Jan.; July, 2; 1 9 0 1 and 1 9 0 2 , 4
©
p. c. each (paid J. & J .). On c o m . July, 1 9 0 1 , 1 ^ p. c.; 1 9 0 2 ,3 p. o.
(paid J. & J.)
B o n d s .— The consols ($20,000,000 authorized) besides a lien on the
entire property, subject only to $6,274,000 prior bonds, have a first
lien on all the coal lands (from which the bulk o f the business is de
rived), estimated at 20,974 acres; $6,274,000 consols are reserved to
retire the existing bonds (these existing bonds, however, may be e x
tended at maturity) and $5,645,000 (estimated) for the acquisition of
new property and betterments, o f which $3 230,000 sold in 1899-1902.
V. 72, p. 338; V. 74, p. 1038. Substantially all of the bonds and stock
o f the Ohio Land & Ry. Co. and the W ellston & Jackson Belt Ry., 18
miles, are deposited under said mortgage. Description of bonds in V.
68, p.823. Guarantees Kanawha & H ocking Coal & Coke Co. bonds.
(See V. 7 4 , p. 2 7 1 .) The $1,600,000 car trusts of 1902 cover 3,020
forty-ton gondola cars. V. 7 4 , p. 1196.
G e n e r a l F in a n c e s .—The annual fixed charges before the reor
ganization were about $1,200,000,
L atest E arnings .—For i 1 months ending May 31:
] 1 m os .— G ross
iVet.
Oth. in c.
C h a rg es.
B a la n ce.
1 9 0 1 -2 ....... $ 4 ,7 ^ 2 1 2 0
$ 1 ,8 4 6 ,9 1 0 $ 3 5 9 ,7 8 7 $ 8 6 7 ,0 5 2
$ 1 ,3 3 9 ,6 4 5
1 9 0 0 -1 ....... 4 ,2 1 7 ,4 3 4
1 ,6 9 6 ,6 2 5
3 4 8 ,0 0 4
8 6 5 ,5 3 3
1 ,1 7 9 ,0 9 6
A n n u a l R e p o r t .— Tra ffic is m o s tly fr e ig h t, a n d 62 p e r c e n t o f th is is
b itu m in o u s c o a l. A v e r a g e tra in lo a d is la r g e —in 1 9 0 1 , 6 4 5 to n s .
R eport for year ending June 30, 1901, was given at length in V.
73, p. 659, 675; see also editorial, p. 635.
1900-01.
1899-00.
1898-99.
Gross earnings......................... $ 4 ,6 5 3 ,2 5 8
$4,417,267
$2,874,035
Operating expenses and taxes 2,785,286
2,641,207
1,959,520
Net earnings from oper’n ..$1,867,972
Other incom e..............................
474,084
Total available in com e__ $2,342,056
Fixed charges........................... . $987,879
Dividends on p ieferred .......... (4)560,000
Dividends on com m on........ (1!2)156,324
Balance, year’ s surplus...
$637,853
$1,776,060
295,388
$914,515
24,223
$2,071,448
$938,738
$902,900
$149,175
(3!s)430,000
.................
.............................................
$738,548
$789,563
O f f i c e r s .— President, N. Monsarrat, Columbus; Sec. aDd Treas , W.
N. Cott, Columbus; Ass’t. Sec. and Treas.. A H. Gibard, New Yor k.
D i r e c t o r s —Charles B. Alexander, Robert Bacon,'R. M. Gallaway, Thomas F
Ryan and Charles Steele, New York; Myron T. Herrick, Ralph W . H lck ox and
James H . H oyt, Cleveland; P. W . Huntington, Charles G. H iekox, N. Mon
sarrat W. F. Goodspeed and R. S. Warner, Columbus. O.
—(V. 73, p. 957, 1112, 135fc; V. 74, p. 94, 267, 936, 1038, 1089, 1196;
V. 75, p. 77.
H o o s a c T u n n e l & W U m ln g to n R R . —N a r r o w G a u g e .—
Owns road from H oosac Tunnel, Mass., to Wilmington, V t , 25 miles.
Bills payable June 30, 1900, $5,000. Earnings for year 1900 01,
gross, $60,912; net, $22,671; charges, $13,174; dividends (2 p. o.l,
$5,000. Divs. in 1896, 1 p. o.: in 1897 to 1901, inclusive, 2 p. o. yearly.
H o t S p rin g * R R . —Purchased in May, 1902, by the Choclaw
Oklahoma & Gulf RR.
H o u s t o n B eat rnont Sc N ew O r le a n s R y . —V. 74, p. 1028.
H o u s t o n F a s t Sc W e s t T e x a s R y .—Owns from Houston, Texas,
to Sabine River at Logansport, 191 miles, where it connects with the
Houston & Shreveport RR., Logansport to Shreveport, 39 miles. Re
organized in 1896 without foreclosure. Bond issue limited to $3,000,000. Stock $1,920,000, of which $1,905,000 is owned by So. Pao. Co.
V. 72, p. 287. In July, 1900, the South. Pacific Co. had guaranteed
$2,199,000 of the bonds, principal and interest, by indorsement, re
serving the right to redeem the bonds at 105 and interest at any time
on six months’ notice; guaranty, V. 70, p. 841; see also V. 71, p. 236.
For year 1900-01, gross, $847,113; net, $245,481; oharges, $183,669;
bal., sur., $61,810. V. 71, p. 236.
H o u s t o n & T e x a s C en tral Railroad.—("See Map o f Southern
Pacific)—Owns from Houston, Texas, to Denison, Texas, 338 miles,
Hempstead, Tex., to Llano, Texas, via Austin, 214 m iles; Brem ond to
Ross. Tex., 55 miles (form er W aco & Northwestern acquired July 1;
1898); Garrett to Fort W orth, 53 m iles; other branches, 20 m iles,
total owned, 670 miles.
H i s t o r y .—Successor April 11, 1893, to a railway com pany fo re
closed 8ept. 8 ,18 88 . Reorganization plan V. 45, p. 792, 820. On Aug.
22,1901, various controlled lineswere merged, including the Austin Sc
Northwestern to be extended from Burnett to Lampasas 50 miles,
within tw o years. V.72, p. 480, 821; V. 73, p. 137, 494. In Mar., 1902,
suit was brought to reopen the old foreclosure suits.- Y. 74, p. 680.
B onds .—The bonds are being gradually reduced with proceeds of
land sales. The first mortgage was for $8,634,000, of which $570,000
reserved against claim o f State o f Texas upon 75 miles of the road.
The Southern Paciflo Co. guarantees interest on all the bonds. There
are $57,000 debentures o f 1897 due Oct. 1 ,19 02 . The first mortgage
bonds and the consolidated mortgage bonds may be called for redemp
tion at 110 with proceeds o f land sales. See full abstracts o f all the
mortgages in Y. 52, p. 242. Of the$5,068,000oonsolidated 6s authorized
$1,149,000 (not inoluded in the amount outstanding above) are held as
part security for the general 4s. Stock, $10,000,000, of which the So.
Pacific Co. owns $9,596,000; par, $100. As to school fund olaim for
$673,100, see V. 64, p. 1137; V. 66, p. 471; V. 70, p. 686.
L a n d s .—The lands June 3 0,1 90 0 , consisted for first m ortgage o f
1,940,596 acres; consol, m ortgage, 1,345,110 acres; general m ort
gage, 11,289 acres. Deferred payments were: For 1st mort., $231,790;
consol, mortgage, $218,648; general m ort., $4,705. V. 65, p. 869.
L atest E a r n s .— l l m o s . , ) 1901-2...G ross, $4,812,082; net, $1,512,:21
July 1 to May 31.
5 1 9 0 0 -1 ...Gross, 5,316,590; net, 2,042,941
Fiscal year changed to end June 30. Report fo r 1899-00 In V. 72, p.
671. In 1900-01, gross, $4,9^8,392; net, $2,004,821; total charges,
$1,028,258; balance, surplus, $976,563. In 1899-1900, gross, $3,886,617; net, $1,094,i 8 3 .- ( V . 73, p. 957; V. 74, p. 267, 680, 936 )
H u d s o n T u n n e l R y .—See New York & Jersey RR.
H u n tin g d o n Sc R r o a d T o p J it. R R . & C oal C o .—Owns front
Huntingdon, Pa., to Mount Dallas, Pa., 45 miles; branches, 19 miles.
D r v .- ’90. ’ 91. ’ 92. ’ 93. ’ 94. ’ 95. ’96. ’ 97. ’98. ’99 ’ 00. 1901. 1902.
On com. 0
2
4
5
5 41 4
a
1
0
0
0
0
........ .
On pref. 5 ^ 7
7
7 7
7 7
6
5 5 ^ 7
5
6
A n n u a l R e p o r t .— R eport fo rl9 0 1 was given In V. 74. p. 723.
Gross.
Net.
Interest. Divid’ nds.
Balance.
1901............ $754,633 8324,964 $106,190
$100,000 sur $117,77?
1900............. 643,904 247.442
106.190
140,000
sur. 1,25:
- ( V . 72, p. 282, 1 1 8 4 ; V. 74, p. 477, 7 2 3 ; V. 75, p. 1S4 )
H u t c h in s o n Sc S o u t h . R y .—See Atch. T. & S.F.,and V. 71, p. 607
I b e r i a Sc V e r m i l i o n R R . —Salt Mine Jet. to A bbeville, La., H
miles. Stock, $300,000, o f which $298,500 owned by Morgan’ s Louie
iana & Texas KR. & Steamship Co.!(So. Pac. system). Year 1900-01
gross, $44,830; net, $23,610;int., taxes, etc., $19,527; bal., sur., $4,08J
Illin o is C e n t r a l R R . —(Sec Map.)—R oad.—Operates from Chloagc
111., southerly to New Orleans, La., 912 miles, and westerly to Siou
City, la., 509 miles, with numerous branches. Its road, clearly show
on the accom panying map, is made up as fo llo w s: (11which see.)
Mile
Miles.
Road owned in fee.
Evansv. Line (Ohio Val. R R . 13
Chicago to Cairo, 111.
Main )
Centralia, 111., to East stem, f 706 Mem., Ten., to Grenada,Miss. 10
Yazoo & Mississippi Val. RR.
Dubuque, l a ...........
IfMemphis to N. O. and brs.1,09
Dubuque & Sioux City H....... 730
88 St. Louis A lton & Terre H . . . 23
Switz City to Efflngh’ m, III..
Entire stock owned.
Springfield to E. St. Louis,
98 Branches................................... 8£
111. (V. 71, p .5 4 7 ) ..........
Leased.
Acquired—Oct., 1901,
Chicago & Texas (Sept.’9 7 )..
(
Peoria, 111., to Evansville,
Ind., with 6 m. branch (V.
Total system June 30,1901.5,31
73, p. 391, 665).................... 251
Of ichich earns, kept separateLeased.—Control owned.
Yazoo & Miss. Vail. R R ........ 1,0!
Chicago St. L. & N. O. RR.
Cairo, 111., to New Orleans. 547
Total included in earns.
Line to Louisville, etc— ) 396
Id O
S W. A hrVhesI
t
__________ ________________ <
July 1, 1901............... 4,2
On Deo. 1, 1899, took over portion of St. Louis Peoria & North©
Ry. from Springfield to East St. Louis 111., 98 miles. V. 71, p. 54
The Fort Dodge & Omaha
RR.
extension, Tara Static
near Fort Dodge, la., to Council Bluffs, la., 130 miles, was p]
chased by the Dubuque & Sioux City RR. on June 16, 19<
and leased for 50 years to the 111. Central for its net earnings abc
interest on 111. Cent, bonds issued thereon (see below). V. 71, p. 5During 1900-1 various branches of Yazoo & Miss. Val., aggregats
90 miles, were completed, and in Mar., 1902, Lake Cormorant'
Tutwiller, Miss , 68 miles, and several others, were under construct! •
Extension from Lyle, Minn., to Albert Lea, 19 miles, operated in Do
1900. Steamship connections at New Orleans. V. 72, p. 533, 872.
The stockholders voted on Oct. 16, 1901, to acquire the to r i'
Peoria Decatur & Evansville Ry., Peoria, 111., to Evansville, Ind., .<
»
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ILLINOIS CENTRAL
SYSTEM.
72
INVESTORS* SUPPLEMENT.
[V o l . L X X V .
B on ds- P rin ci
__________________ RAILROADS.__________________
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,W henDue.
Amount
of
of
Par
F or explanation of column headings, &e., see notes
Rate Per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
on first page o f tables.
Whom.
Dividends.
Illinois Centred—(Concluded)—
Trust bonds sterl. (sec. by Ch. St.L.&N.O. cons. ).U s
1886
*2 0 0
1st M.,8p.Div. ref. m., (Y.66, p. 1237) g.Us.xo*<fcr i l l 1897 $ 1,000
1st M., Middle Div.,Otto to Norman Juno. & brs-r 131 1881
1,000
Collateral trust bonds, gold, $ .................... Usc*&r
857 1888 500 &o.
Cairo Bridge bonds, gold (see rem arts).. Us.c*<fcr .... 1892
1,000
Col. trust, $25,000,000, g., on L. N.O.& T .lIs.c*W 798 1892 500 &c.
1,000
Western lines, 1st M .,^ . U s..............................c*&r 218 1894
St. L. Div. & Term’l M7, $10,000,000,g.Us.xe*<fcr * oaa ) 1897 500 <fco.
Do $5,000,000(SeeV. 6 5 ,p. 1173),g„ Us.x.c*&r
*1897 1,000
Louisv. Div. & Term. M ..$25,000,000,g.Us.xc*&r 535 1897 500 &o.
Chicago St. Louis & New Orleans, 2d m ortgage.. 567 1877
5 Consol. M. ($18,000,000), gold, int. guar.obfcr 567 1881
1,000
1,000
) Do guar. p. & 1.................................................... 567 1897
1,000
Memphis Div. 1st M., g., gu. p. & i, (end.) .U s.o* 100 1889
130 1900 l/O O & c
Omaha Div., 1st M., g., $5,000,000. U s...............
Litchfield Div., 1st M., g. $4,000,000.F ............o*
98 1900
1,000
Underlying St. Louis Div. < Terminal bonds.
&
St. Louis A lton & T. H.—Stock (not held by Illin ois Ce ntral).
100
17 1883
1,000
Bellev.& Carondelet, 1st M., Belle, to E.C.,gold.c’
51 1880
1,000
Bellev. & El Dor., 1st M. (I.C.owns $100,000)c*
30 1886
St. Louis Southern., 1st mort., g old ........ M e.o*
1,000
Carbondale & Shawneetown 1st M., g o ld ... c*
17 1887
1,000
Iow a Falls & Sioux City—See statement o f Dub uque & Siou x City.
1,000
Illinois Southern—1st mort., gold, $2,000,000.EC.
96 1901
ji
5 1st M. g .,> not guar............. Ce
S1895 1,000
Ind.Dec. < West. | r e ( j_
£
j guar. p. & i. (end.)e*
*1895 1,000
__ 1898 1,000
Car trusts June 3 0 ,1 9 0 1 ...........................................
__
Indiana Illinois & Iowa—Stock, $6,000,000 ..........
100
1st m ortgage, gold, $12,000,000, g o ld .lC ....c * r 203 1900
1,000
$5,266,000
2 , 000,000
968,000
15,000,000
3,000.000
25,000,000
5,425,000
8,377,000
4,939,925
21,388,000
80,0c 0
a l l , 289,000
1,359,000
3,500,000
5,000 000
3,000,000
3^3 g.
3 ^ g.
5
4 g.
4 g.
4 g4 g.
3 ^g.
3 g.
3ie g.
80,000
470,000
88,000
538,000
241,000
825,000
1,824,000
933,000
244,000
5,000,000 4 in
4,850,000
6
5 g.
3ieg.
4 g.
3 g.
3 g.
J. & J. London, Baring Bros.
J. & J. New York, 214 B ’dway.
do
F. & A.
do
A. & 0.
do
do
J. & D.
do
do
M. & N.
do
do
F. & A.
do
do
do
do
J. & J.
J. & J.
do
do
do
J. & J.
do
J. & D.
do
do
J/y& D /j
do
do
J/J&D /5
do
do
do
J. & D.
do
F. & A.
do
do
do
J. & J.
do
2 % J. & J.
6 g. J. & D.
7
J. & J.
4 g. M. & 8 .
4 g. M. & S.
do
do
do
do
do
do
do
do
do
do
4 g. A. & 0 . Equitable Tr. Co.,Chic.
5 g. J. & J. N. Y., Central Trust Co.
do
do
5 g. J. & J.
New York.
From Treas. of., Chic.
1901 See text
4 g. J. & J. N. Y ., Gr. Cent. Station.
a In addition $5,266,000 consol. 5s are pledged to sec ure 111 inois Ce ntral collate ral trust bonds
July 1, 1950
Jan. 1, 1951
Aug. 1, 1921
Apr. 1, 1952
Deo. 1, 1950
Nov. 1, 1953
Aug. 1, 1951
July 1, 1951
July 1, 1951
July 1, 1953
Dec. 1, 1907
June 15,1951
June 15,1951
Deo. 1, 1951
Aug. 1, 1951
Jan. 1, 1951
J u ly ,'0 2 ,lb !%
June 1, 1923
July 1, 1910
Sept. 1, 1931
Meh. 1, 1932
Oct. 1, 1951
Jan. 1, 1935
Jan. 1, 1935
Aug. 1, 1905
July 1 ,’ 02, 2%
July 1, 1950
of 1886.
1900.
1899.
I l l i n o i s C e n t r a l R R . —(Co n c l u d e d ).
1901.
miles, previously operated by Illinois Cent, as agent, with 6-mile branch, Operating expen ses.................. $25,841,792 $22,869,396 $19,652,262
$9,742,571
$8,552,428
the cost to be represented by a new bond issue.— V. 73, p. 391, 665. Net earnings................................$11,058,668
2,411,721
2,547,658
The Kentucky W estern R y., Blackford to D ixon, K y., 19 miles, was Net reo’pts from interest, & c ... 2,476,575
33,420
30,090
taken over as agent for the owners in Deo., 1901, and in Apr., 1902, M iscellaneous.............................
28,608
was about to be merged,—V. 74 p. 775. In Jan., 1902, obtained con
Total receipts........................$13,563,851 $12,184,382 $11,133,506
trol o f the Omaha B. & Terminal Ry. (V. 74, p. 151.) In Feb., 1902,
Deduct—
purchased the Cecilia branch, 46 miles, form erly leased.—Y. 74, p. 326.
$2,775,925
$2,902,465
Interest on 111. Central b’ ds... $2,930,925
2,361,874
H is t o r y , L ea ses , &c.—Chartered in December, 1850. The company
2,421.090
Int. on Chi. St. L. &N. O.b’d s...
2,421,090
981,646
pays to the State o f Illinois 7 per cent (in 1901 $815,093) of gross Rental Dub. & Sioux C. R R ....
627,568
533,913
506,020
o f the 706 miles owned in fee yearly in lieu o f taxes. The Chicago St. L. Net rental St. L. A. & T. H ....
507,525
507,525
50,000
& N. O. is leased for 400 yearsfrom July 1,1882, at 4per cent per annum Miscellaneous...........................
95,000
*452,738
on its $10,000,000 stock deposited to secure the leased line slock.
Divid’ ds on 111. Central stock. (6)3*780,000 (5^)3,300,000 (5)2,812,500
Ca p it a l S t o c k .—The leased line stock is secured b y deposit o f
$1,519,001
Balance, surplus...................... H$2,937,660 $$2,457,274
$10,000,000 Chicago St. Louis & New Orleans stock, and in case o f
*Includes $250,000 for pension fund, $145,238 rent of Peoria div.,
default for sixty days on any semi-annual dividend o f 2 per cent, the etc.
stockholder is entitled to his share of the stock pledged. (V. 65, p.1071.)
$ Includes $2,895,400 betterments, against $2,416,674 in 1899-0.
Early in 1901 the stock was increased from $60,0u0,000to $66,000,Y a z o o & M is siss ip p i V a l l e y —Results on 1,057 miles in 1900-1;
000, in Nov., 1901, to $79,200,000, and in June, 1902. was authorized
to be further increased to $95,040,000, to provide additional equip 1,001 miles in 1899-0. See report at length, V. 73, p. 672.
Fear—
Cross.
Wet.
Other inc. Interest, etc. Bal., sur.
ment and facilities. See V. 71, p 1066; V. 72, p. 241, 282; V. 73, p.
$515
$1,004,306 $1,066,079
82,138, 666; V .74. p. 1308; V. 75, p. 77. The new stock will be sold 1900-01....$6,127,942 $2,069,870
363
946,240
959,299
at par pro rata to shareholders of record Sept. 19, 1902, 50 per cent to 1899-0 0 .... 5,300,890 1,905,176
Surplus in 1900-01 as above, $1,066,079, of which $1,016,079 was
be paid Dec. 2, 1902, and 50 per cent Jan 7 ,19 03 , or optionally all on
Dec. 2. Of the stock, over a m ajority is now held in America, paid Sept. 1 ,19 01 , to 111. Cent, as owner of entire $9,104,000 Louisv.
$8,000,000 being owned by the Railroad Securities Co. See page 119 New Orl. & Tex. 2d mort. income bonds on account o f arrears of
interest ($5,213,522) on July 1,1901.
o f this S u p p l e m e n t . V. 71, p. 698,779.
O f f ic e r s .—President, Stuyvesant Fish; Treas«, E. T. H. Gibson; 3d
D iv id e n d s . ) 1 8 8 5 .’ 8 6 .’ 8 7 .’ 8 8 .’ 8 9 .’ 9 0 .’ 91 t o ’ 99. 1900. ’ 01. ’ 02.
Vice Pres, and Sec., A. G. Haekstaff. 214 Broadway, N. Y.
Common stock. S8 p.o. 7 ^ 7
7 5^ 6
5 y ’rly.
5*2
6
6
D irectors.—B. F. Ayer,
B o nds .—Main Line $15,000,000 mortgage o f 1874 covers property Charles M. Beach, James W alter Luttgen, John VV. Auchineloss, J. T. Harahan,
D. W. Cutting. Stuyvesant Fish, Edward H. Harridescribed in V. 63, p. 76. Cairo bridge bonds are seoured by deposit man. John Jacob Astor, Charles A . Peabody Jr., John C. W elling, W, M ortal
o f a like amount o f Uhioago St. Louis & New Orleans 1st M. Cairo Bridge Grinnell, and E x officio H on. Richard Yates, G ov. o f Illinois.
5s. The rental for the bridge is $180,000 in gold annually, o f whioh —(V. 73, p. 6 6 5 ,8 4 3 ,1 1 1 2 ,1 2 6 3 ; V. 74, p. 151, 326, 775,1308.)
$30,000 goes to a contingent and sinking fund till 1902, then $20,000
I l l i n o i s S o u t h e r n B y .- O w n s Chester 111., to Salem, 111., 91 m.,
to regular sinking fund. See adv. in Ch r o n ic l e , May 7,1892.
and Sparta to Rosborough, 5m.; total, 96 m. Successor June 1, 1900,
The trust bonds o f 1886 are secured b y deposit of $5,266,000 Chicago o f the Oentralia & Chester RR., foreclosed. V. 70, p. 1048; V. 71, p.
St. L. & N. O. consols o f ’ 81, and are to be included in any new mortg
29. Friends o f the oom pany are building an extension, under the
The collateral trust bonds o f 1952 are secured by pledge with the U. S name of Southern Missouri Ry., from Little Rook Landing to BlsTrust Co. o f New York o f $16,350,000 5 per cent 1st mortgage gold marok, Mo., 43 miles; and in Feb., 1901, incorporated the St. Louis A
bonds o f subsidiary railroads covering 854 miles. See list, V. 55, p. 550. Southern RR. to build from Missouri Jet. to the Mississippi River at
The $25,000,000 collateral trust bonds o f 1953 are secured by pledge Moro Landing, near St. Genevieve, 6 miles.
o f the securities of the Louisv. N. O. & Texas (now Yazoo & Mississippi
Stock, $2,000,000, all issued. For 8 months ending Feb. 28,1901,
Valley RK.), including all the $16,900,000 1st mortgage bonds, except gross, $76,536; net, $11,592. For year ending June 30, 1901 (old
$68,000, all the $9,104,000 m ortgage incomes and all but $96,000 of com pany), gross, $113,229; oper. expenses, $96,285; taxes, $8,013
the $10,000,000 land grant incom e bonds. See adv. in C h r o n ic l e , June President, o. H. Bosworth; Auditor, C. F. Weinland, 204 Dearborn St.
11,1892, and V. 54, p. 9 6 4 ; V. 61, p. 112.
Chioago, IU.—(V. 71, p. 29, 287, 445.)
For the Chicago St. Louis & Sew Orleans the lessee guarantees the
In d ia n a D e c a tu r Sc W e s t e r n R y . (See Map Cincinnati Ham■
principal and interest o f all the outstanding bonds prior to the 5s of
£
1881, and by an endorsement on the latter bonds guarantees the ilton < Day ton).—Indianapolis, Ind., to Decatur, HI., 152 miles. The
payment of the interest on the same until the principal is paid. Of Chicago & Ohio R iver RR., Sidell to West Liberty. 78 miles, was ac
these consol. 5s $5,266,000 additional to the amount outstanding above quired in 18 99 and is operated as the Ohio River division; trackage
are pleged as seourity for the Illinois Central trust bonds o f 1886. The West Liberty to Olney, 8 miles; total, 2 3 8 miles.—V . 68, p. 5 2 3 . Sue
3 ^ 8 o f 1897 are guaranteed, p. < i., by endorsement—see form o f guar cessor in 1 8 9 4 of Indianapolis Decatur & Western, foreclosed.—V . 61
fc
p. 1 0 6 4 ; V 6 4 , p. 4 1 ,9 5 3 ; V. 6 5 , p. 2 7 . Extension from Decatur b
anty in V. 65, p. 1071.
The Western Lines loan o f 1894 is for $10,000,000, but $4,575,000 Springfield, about 4 2 miles, under name o f Springfield & Decatur R R
bonds can be issued only when the road from Iow a Falls to Sioux City, was completed May, 1 9 0 2 .—V . 7 2 , p. 1 2 3 6 . See B o n d s below.
s t o c k an d B o n d s .—Stock, $912,000 com mon and $912,000 preferred
184 miles, now subject to $2,800,000 o f Iowa Falls & Sioux City bonds
(see Dubuque & Sioux City RR.) due in 1917, shall be transferred to all owned by Cin. Ham. & Day. interests. V. 61, p. 1064. New stool
will be issued to reduce floating debt incurred for improvements am
the trustee without enoumbrance. See Su p p l e m e n t of Jan., 1899.
The St. Louis Division < Terminal bonds are for $15,000,000 on aooount o f Springfield extension.
&
The first m ortgage o f 1895 is authorized at $12,000 per mile fo
authorized, of which $5,000,000 are three per ce n ts ; $3,500,000
were issuable for improvements, equipment, eto., and $1,499,000 are additional road built or acquired; the bonds are redeemable by lot a
held to retire $1,400,000 underlying bonds still outstanding on the St. 110, at anytim e on eight weeks notice; $933,000 issued for Ohio Rive
Louis A lton & T. H. system; see table above. See a b stra c t of mort division are guaranteed by Cin. Ham. & Dayton; additional bonds ui
der the mortgage will be issued to cover extension from Decatur t
gage in V. 66, p. 1 3 8 . See also V. 66, p. 133; V. 71. p. 546.
Louisville Division <■Terminal mort. is for $25,000,000. Of the loan Springfield, 42 miles. (V. 69, p. 795).
£
1,112,000 are reserved to purchase the 46 miles (Cecilia branch) from
D iv id e n d s .—In 1897 to 1900, inol., 3 p. o. yearly paid on preferred
ouisville & Nashville and to retire the L. & N. bonds thereon; $2,A n n u al R e p o r t .—R eport for 1899-00 was in V. 71, p. 909.
500,000 for new acquisitions, additions or extensions. The Chioago
Years.
Cross. Oper. Ex.
Wet.
Charges.
Div.
Bal.
St. Louis < New Orleans, which took title to the Louisville Division,
fe
Joins in making the m ortgage. See V. 66, p. 1 3 6 , for a b stra c t. See 1900- 01..$706,938 $518,771 $188,167 $138,550 ............ $49,61
174,098
137,850 $11,400
24,84
also S u p p . of Jan.,1899. (V. 65, p .3 6 7 ,516; V. 66, p. 133; V. 67 p. 581.) 1899-00... 674,213 500,115
Prest.,M . D. Woodford; vioe-Pres., H y. F. Shoemaker.—(V. 73, p 957
The Omaha Division m ortgage covers the former Ft. D odge & Omaha
In d ia n a I llin o is Sc I o w a R R . —Owns from South Bend, Inf
RR., Tara to Council Bluffs, la., 131 miles. V. 71, p 547.
Of the +'4,000,000 Lltohtteld D ivifion bonds, $1,000,000 are reserved to Seatonville, 111., 192 miles, with branohes, 10 miles; trackage over f
B. & Q., Ladd to Fulton, 62 m iles; other trackage, 2 m.; leases5 0 yea:
for improvements, eto. V. 71, p. 547, 646.
G e n e r a l F in a n c es .—In 1902 the stock was increased to $95,040,- from Feb. 23,1900, the St. Joseph South Bend& Southern RR.,8oul
Bend, Ind., to St. Joseph, Mich., 39 miles; total 306 miles, the e
000. See paragraph headed “ Capital Stock” above.
tension from Streator to Churchill being operated from Jan., 1901. E
E a r n in g s ,—11 mos., $ 1901-02.Gross, $37,520,712; net, $12,040,927 tension from St. Joseph to Benton H arbor was to be com pleted Oc
July 1 to May 31. *1900-01. Gross, 33,990,026; net, 10,508,597 1901. In Jan., 1902, the Lake Shore & Michigan Southern Ry. pr
A n n u al R e p o r t .—Fiscal year ends June 30. Annual meeting is held chased $4,436,200 of the $5,000,000 stock. V. 73, p. 1356; V. 74, p. 4
D iv id e n d s .—Got., 1900, to Jan., 1902, inclusive, 1 p. o. quarteri
at Chicago the third W ednesday in October. Report for 1900-01 was
published at length in V. 73, p. 658, 665 See also editorial, p. 637. July (semi-amiual). 2 p. o.
B o nds .—Of the $12,000,000 1st 4s o f 1901, $7,500,000 wereissual
The follow ing does not include Yazoo & Mississippi Valley.
only for new property and improvements; of these, $350,000 w«
Tear ending June 30—
1901.
1900.
1899.
issued in 1902 for new equipment, side tracks, etc. V. 71, p. 1269;
Miles operated. ........................
4,265
3,996
3,679
Passenger earnings....... $7,327,742
$6,177,654 $5,409,538 72, p. 87, 722; V. 74, p. 1251. Current liabilities June 30, 1901, $42
Freight earnings............ 24,876,339
22,280,420 19,251,344 489.
Mail, express & miscellaneous
4,696,379
4,153,897
3,453,808
E a r n i n g s . — 12 m on th s,) 1901.......Gross, $1,638,904; net, $613,0;
Jan. 1 to Dec. 31.
S 1 9 0 0 ...... Gross, 1,226,140 ; net, 444,0
Total earnings......... $30,900,460
$32,611,967 $28,114,690
f
J u l y , 1902.]
R A IL R O A D
STOCKS
AND
BONDS
73
74
iNVESTOES’
SUPPLEMENT.
[V o l . L X X Y .
Bonds—P rin ci
IN TERE8T OR DIVIDEN DS.
Miles Date Size, or
pal, W hen Due.
A m ount
of
Par
of
For explanation of colum n headings, &c., see notes
Rate per When Where Payable, and by Stocks—L a s t
Road. B onds Value. Outstanding Cent.
on first page o f tables.
Payable
Whom.
Dividend.
RAILROADS.
93
Indianapolis Un.—1st M., g., s. f. not subj.to call.c*
Indianapolis < Vincennes—1st M., gu. p. Mend) e. 133
&
Intertiorough R apid Transit—Stock, $25,000,000..
959
international & Great Northern—1st m ort., g o ld ___
959
2d m ortgage, g o ld . F ................................................c*
3d M. ($3,000,000) (form ’ly inc.Kg.incl.scripU Ie.o* 959
....
Colorado Bridge bonds, sinking tund. F .................
lnterocean ic Ry. o f Mexico—Ord. shs., £1,700,000.
Preferred stock, 7 per cent, cum., £ 1 ,0 0 0 ,0 0 0 ...
....
Pr. lien deb., subi. to call at par aft. Mch. 1, ’9 7 .
....
Four p. c. deb. stock, sub. call, par, £ 1,1 50 ,0 00 .
....
Deb. stock, 7% “ A ,” subj. to call, 110, n on -cam ..
Deb. stock, 7% <lB ,” subj. to call, 120, non-cum ..
....
Second deb. stock, red. at 105 after 1911, text
M ex.E . deb. stk., £450.000, guar.,red. 105 beg.’ 14 ....
Iowa Cent.—Common stock, $11,000,000 auth .......
....
P referred stock, $7,400,000, 5 p. c., n on -cu m —
1st M. for $7,650,000, g. (abstr.,V .49,p.582)M e.e* 503
R efund’g M., $25,000,000, g See te x t M o , .c*<fcr 541
Iow a < St L.— 1st M., $2,000,000 (red. text).
6
o* ....
20
iro n Railway—Stock.......................................................
Jacksonville < St. Louis—Stock Trust Certificates.
&
Jacksonv. Southeast. 1st M., Jack, to Litchfield..
54
1st consol, m ortgage, $650,000, gold
. P** P c* 112
112
In com e M, gold, non-cum ., $ 1,6 50 ,0 00 .. P e P —
Jacksonville Ter.—1st M., $500,000, g., g u .M p ,.c *
....
41
Jamestown Ghaut. & L. E.—lstM .,$ 7 o 0 ,0 0 0 .C o .c.* r
Jefferson—1st & 2d M s,ext. in ’ 87&’ 89 (H’ dale B r.)c
8
1st M .Carbondale to 8. d ep ot,g., g u .p .& i.F P .o *
37
Joliet < Northern Indiana^- 1st M. gu. p. & i. M. C .c
&
45
Junction (Philadelphia)—1st m ., gu a r.p .& i.(ext’d). 3*62
General m ortgage, gold, coupon, $750,000 ......... 3*62
Kanaw.d Mich.—1«t M .$15,000p.m.g.gu.p.<fei.€e c* 164
1886
1867
1879
1881
1892
1880
....
....
....
...
....
....
1888
) 901
1902
1880
1896
1896
1894
1901
1867
1889
1877
1882
I f 00
1890
$1,000
$954,000
4Jag. M. & N. Phila., Fidelity Trust. May 1, 1926
1,000
7
1,700,000
F. & A. N. Y ., Farm. L. & Tr. Co. Feb. 1, 1908
See text.
100
None.
500 &c.
9,795,000
6 g. iM. & N. N .Y., office, 195 B ’way. Nov. 1, 1919
500 <fec. 8,895,000
5 g. M. & S. N. Y ., office, 195 B’way. Sept. 1, 1909
500 &c.
2,728,500
See remarks.
4 g. M. & 8.
Sept. 1, 1921
1,000
198,000
M. & N. N.Y., office, 195 B ’way May 1, 1920
7
£ 1 0 £1,700,000
10
1,000,000
50 &c.
400^000
5
J. & J.
Mch. 31, i9 1 2
......
699,886
4
M&S 15
London.
Sept. 1 5,1950
100
735,392 7 in 1901
do
Sept. 1 5,1 95 0
100
469,459 37J6in’00
Sept. 1 5,1950
100
4*2
150,000
1950
100
5
J&D 15
London.
m
Jan. 1, 1984
100
8,517,700
......
......
100
5,671,900 1 ^ in ’ 00 M. & S. N. Y. office, 25 B road St. Mar. 1 ,’0 0 .1 'a
1,000
7,650,000
5 g. J. < D. N. Y., Mercantile Tr. Co. June 1, 1938
fc
1,000
2,000,000
4 g M. & S.
Mar. 1, 1951
1,000
See text.
5 g. M. & N. St. Louis & New York. May 1, 1942
100
600,000
B oston.
Jnlv 10 1 891
100
1,500^000
1,000
300,000
6
J. & J.
See text.
July 1, 1910
350,000
5 g. A. & O. Phila.,Penn.Co.for Ins. Oct. 1, 1925
1,582,000
4
J. & J.
None paid.
Jan. 1, 1935
1,000
500,000
5 g. J, & J. N .Y., Guaranty Tr. Co. July 1, 1939
1,000
600,000
4 g. J. & J. N. Y ., Contin. Trust Co. Jan. 1, 1951
1,000
300,000 4 ^ & 6 J. & J. Phila., Fidelity Tr. Co. Ju ly 1, 1927
1,000
2,800,000
N.Y., Erie RR.
Jan. 1, 1909
5 g. A. & O.
1,000
800,000
J.10& J. N. Y ., Farm. L. & Tr. Co. July 10, 1907
7
1,000
425,000
J. < J. Phila., B road St. Sta. July 1, 1907
fc
1,000
300,000
do
do
3 ^ g. A. & 0 .
A pr. 1, 1930
4 er. A. S. O. N. Y .. neutral Tr. Co. Apr. 1. 1990
1.000
r
2,469,000
E a r n in g s .—R eport fo r yea r ending June 30, *01, was in V. 73, p. 840,
show ing: gross, $1,419,116; net, $559,281; other incom e, $5,230;
interest, taxes, rentals, $264,716; dividends (4 p. c.), $200,000;
balance, surplus fo r year, $9^,794. Tn 1 899-0,gross, $1,226,150; net,
$468,085.—(V. 73, p. 6 6 0 , 662, 8 4 0 , 1356; V. 74, p. 41, 205, 1251.)
I n d i a n a p o li s U n io n R y ,« O w n s 3 miles o f track, 93 o f a mil*
o f road, with term inals at Indianapolis, Ind., and leases for 999 year*
the B elt R R . o f Tndianapolis- 1 2 ^ m iles (w hich see).
Form ed in 1850 and furnishes term inal facilities to the severaj
railroads entering Indianapolis. C a p i t a l — The Cleveland CincinnaT'
Chicago & 8t. Louis, the P ittsburg Cincinnati Chicago & St. Louis an fi
the Terre H aute & Indianapolis are virtual proprietors, they having in
vested in it $859,175 to June 3 0 ,1 8 9 8 . No stock outstanding. B o n d s .
—Trustee o f m ortgage is the Fidelity Ins. Trust & Safe D eposit Co. oi
Philadelphia. Bonds for $46,000 have been canceled b y sinking funn.
F or year ending June 30, 1 9 0 1 , gross, $579,422; net, $235,019 ; othei
incom e, $ 13 ,03 6 ; charges, $ 16 9,4 6 2; balance, surplus, $78,593. In
1899-0, gross, $ 6 0 1 ,1 8 9 ; net, $ ‘ 32,079; other incom e, $12,080.
^
I n d i a n a p o li s & V in c e n n e s R R . —Owns from Indianapolis, Ind.
to Vincennes, 117 miles; branches, Bushrod to Dugger, etc., 16 miles.
S e c u r it ie s .— Stock, $1,402,000; par, $ 5 0 ; o f which Pennsylvania
Company on Jan. 1, 1902, ow ned $1,401,900. The $1,400,000 guaran
teed 2d 6s were purchased by Penn. R R . M ay 1, 1900. pending a
m erger w ith other W estern lines o f the system. V. 72, p. 490.
Y 'ren d .D ec^ j: Gross.
Net.
Interest, etc.
Balance.
1 90 1 ................$709,434
$123,245
$168,000
def. $44,755
1900................. 639,595
104,284
179,667
def. 75,383
— (V. 70, p. 739.)
I n t e r b o r o u g h R a p i d T r a n s i t C o .-T n c o r p r rated on M ay 6,
1902, in New Y ork , and acquired the stock o f the R apid Transit Sub
w a y Construction Co. Will operate the rapid transit tunnel rail
road in New Y ork City. This road is exp ected to be com pleted b y Jan
1 ,1 9 0 4 , as a four-track line from the C ity Hall (with the tw o track
loop at that point), under n ew Elm St., Fourth and Park avenues, to
4?d St., thence under 42d St. and Broadw ay to i0 3 d St.; also as twotrack lines, partly viaduct, (a) from 1 03d St., on the W est Side, to
K ingsbridge Station, (b) from 103d Sc. to the E ast Side and B ro n x Park.
C o n t r a c t s .— The con tract with the city calls fo r the con struction of
the above-described road fo r $35,000,000 and its lease to the co m
p an y fo r 50 years from com pletion , ren ew ab le fo r another 25
years, the rental to be equal to the interest on the city ’ s bonds issued
fo r construction (but n ot lo r easem ents, etc ) The com pa n y m ust
also at its ow n expense p rovid e the electrical equipm ent, contracts
fo r w hich will aggrt gate $16,000,000. F or con tract see V. 69, p. 1063.
In July, 1902, contracts for a tw o-track extension to South Ferry and
thence to B rooklyn under the East R iver were bid for. V. 72, p. 1035,
1136; Y. 73, p. 616; V. 74, p. 152, 987.
S t o c k .— Stock authorized, $25,000,000; p a r o f shares, $100; o f this
$9,00<’,000 is full p a id (see Y. 74. p. 987 ; on the balance, $9,600,0( 0
b e ir g subscribed fo r at 110 and $6,400,000 otherw ise taken, 30 p . c.
has been called to Aug. 1 ,1 9 0 2 .
D i r e c t o r s .— W illiam H. B aldw in Jr., Charles T. Barney, August
Belm oi t, A ndrew Freedman, Jam es Jourdan,
B. M cD onald, W. G.
Oakman, John Peirce, Geo. W. Y oung, Win. A. Read, Cornelius V ander
bilt, New Y ork; E. P. Bryan, Yonkers, and o a rd iu e r M. Lane, B oston.
P r sident. A ug st Belm ont; Secretary, Fred’ k Evaus; Treasurer,
John F. Buck. Office, 23 Nassau St., N. Y.
I n tern a ifio n a l Sc G re a t N o r th e r n R R , (See Map M issouri Pa
cific).—L ongview on Tex.& Pao. (near Shreveport, La.,) southw esterly
to H ouston and Galveston, also to Laredo, T ex., on Mex. N ational RR.
Miles.
L ines owned—
Miles. I L ines Operated—
Longview , Tex., to Laredo, — 496 1 G alveston H ouston & Hen.
Palestine to H ouston, T e x ....... 151
(join tly with M. K. & T )....... 50
M i n e o l a , Columbia,
etc.,
Other lin es................................... 2e
b ra n ch es..................................... 102
Total system June 1,1902..1,002
W aco to Spring............................ 177
O r g a n iz a t io n .— Reorganized without foreclosure in 1892 under plan
In V. 54, p. 203, 366. Stock authorized is $25 ,00 0 ,00 0; outstanding,
$9,755,000; par, $100; controlled in interest o f Mo. Pao. On May 1,
1901, the Calvert Waco & Brazos V. R y., in operation from Marlin to
Bryan, 66 miles, was merged, and was extended from M arlin north to
Ft. W orth (alm ost com pleted in July, 1903.) and from Bryan south to
Spring, 22 miles north o f H ouston (com pleted), making through line
H ouston to Ft. W orth, 280 miles. V. 72, p. 872.
in May, 1902, an am endm ent to the charter was filed providing for
ov er 300 miles o f extensions, including N avasota to W axahaehie, Tex.,
195 m.; Neches to Coltharps, 43 m.; branch to D allas, 30 m.; i alestine
to Rusk, 30 in., and East Colum bia to Bay City, 25 m. V. 74, p. 103s.
B o n d s .—T h e second mortgage in te r e s t , s c a le d to 4 ^ p e r c e n t , u n til ana
in c lu d in g S ep t. 1, 1897, is n o w 5 p e r c e n t ; h u t in c a s e o f d e fa u lt th e
r a te r e v e r t s t o 6 p. o. as fo r m e r ly . V. 73. p. 4 4 5 . I n M a y , 1902, e q u ip
m e n t le a s e w a r r a n t s , in c lu d . tn t., $317,055, p a y a b le m o n t h ly t o 1906.
E a r n in g s .— Jan. 1 to June 30, gross, $4,838,756 in 1902; in 1901,
$4,990,611.
Year.
Gi'oss.
Net.
Other inc.
Charges. Balance.
1 9 0 1 ......... $5,148,092 $1,215,212 $11,956* $1,109,024 sur. $118,1 44
1900......... 4,438,576
1,137,382
8,157 *1,108,546 eur.
36,993
*~Charges in 1900 above include about $97,282 equipm ent notes
paid oft; in 1900, $ 15 6,1 3 1.- ( V . 74, p. 151, 267, 379, 829, 1139.)
I n t e r o c e a u l c K y . o f ML x i c o , L i m . - S e e page 175.
I o w a C e n t r a l R y , - ( 5 « e Map) —Operates Peoria, III., west to Oska'oosa . la., thence northerly to A lbert Le*, Minn., form in g a through,
line via M inneapolis & St. Louis R R . from P eoiia , 111., to St. Paul,;
Minn.
Owns—
Miles. I Leases— (stock owned.)
Miles.
Iow a June.,111., to N orthw ood.
|Ta. C & W .,B elm on dto A lgona. 37
Ia.(inc.K eith3burgB r.> 1
2 2m )351 \ Track, Towa Junot’ n to Peoria. 3
Tranches to Belm ond, etc.........151 N orthw ood, la ., to A lbert Lea,
I M in n ......................................
14
T otal in earnings July 1 ,1 9 0 1 ............................................................ J5 5 6 H i s t o r y .— R eorganization (by plan in Y. 44, p. 653) of the Central.
T a sold in foreclosure in 1887-88. In June, 1900, M inneanolis & St.
ow
Louis interests oh taii ed control through purchase o f the com m on stock;
the tw o properties are operated in close con n ection .—Y. 70, p. 1249.
C a p i t a l S t o c k .— The preferred is entitled to 5 per cen t (non-cumulative), then com m on to 5, then both share pro rata.—(V. 62, p. 548.)
D i v i d e n d s .— On preferred stock in 1 8 9 2 paid 1 per cent; in 1 8 9 9 .
March, l 1 p. c.; Sept., 1 ^ p, o ; in 1 9 0 0 , March,
^
p. c. Dividends,
w ere suspended in 19 0 0 , the surplus earnings to be applied to new
equipment, etc. V. 7 1 , p. 2 5 8 , 3 4 2 .
B o n d s . The refund n g 4s o f 1 ^ 0 1 are secured by a m ortgage o n t h o
entire property now o w n -d or hereafter acquired, subject to the $7.K50,000 first 5 b, for w hich ao equal am ount is reserve-!. In I f 01
$2,000,000 w ere issued to retire the $555,000 Iow a Central & W estern
58 and the $591,000 Keithshnrg Bridge 6s 0 he latter called fo r p ay
m ent on Dec. 1, 1901,) ar.d for im provem ents and equipment. The
balance are issuable for future extensions at n ot exceeding $ 2 5 ,0 0 0
per m ile, im provem ents, equipm ent.—Y. 73, p. 901
E a r n i n g s .— 11 months, > 1 9 0 1 -2 ...G ross, $2 3 36 ,01 7 ; net, $443,87$
July 1 to May 31.
(19 00 -1 .G ross. 2,108 0 0 2 ; net. 3P3.602
F or 6 m onths end. D ec 31, 1901, net, $599,500; fixed charges, $2) 5,854; balance, surplus, $383,646.
A n n u a l R e p o r t .— Fisc a l year ends June 3 0 ; report for 1900-01 was
in V. 73, p. 1206,1217. Soft coal tonnage in year 1900 01 was 666.57$
(40 p. c. o f total tonnage). Ton-mile rate in 1900-01 was 0*709 cents,
against 0*696 cents in 1899-00; train load 1900-01 226 tons.
Year ending June 30.
1901.
1900.
1899.
1898.
Av’ge miles o f road oper.
506
513
509
509
Jross earnings................. $2,284,123 $2,325,919 $2,120,575 $1,868,349Set earnings (over taxes)
387,514
551,459
5 5 9 ,~19
531,541
rot. net rec’ts (inel.rents)
438,757
566,780
574,694
543,318
Iaterest, rentals,
.........
431,709
397,701
389,780
377.589
Int. acet. I. C. & W. R y ...
............. cr. 6,895 cr. 2,586 cr. 1,697
M iscellaneous .................
..................................
13
61,948
D vidends on preferred. _...............(3) 1 7 0 ,0 2 4 (1 ^ )8 5 ,0 0 5
.........
Balance, surplus........
*>7.049
$5,950 $102,482 $105,478
President (July, 1902), Edw in H aw ley.—(V. 74, p. 936.)
I o w a At St. L o u i* R R . —N ovinger, Mo., northerly to Centerville.
Ia , 38 mil* s, com pleted July, 1902; under construction from Novin
ger south to M acon, Mo.; total to be about 100 miles. The Iow a <
fc
M issouri RR. was incorporated b y the same interests to extend the
line from M acon southeasterly to St. Louis. Stock authorized, $909,000; par o f shares, $100; outstanding Jan. 1, 1902, $50,000. Bonds
are issuable at $20,000 per mile o f road com pleted and equipped and
subject to call at 107, beginning May. 1907, when draw n by lot.
President, H. F. Reddig; Secretary, H. H. Kendrick. Office, Kansas
City, Mo. (V. 73, p. 1010; V. 74, p. 1196; Y. 75, p. 134.)
J a c k s o n v ille Sc $ t. L o u is R y .—In June 1902, the Chicago Bur
lington & Qujncy acquired p ractically all se cu ritie s.-V . 74, p. 1308.
J a c k s o n v i lle Sc Son tliw e s t e r n R R . —Jackson ville to Newberry
Fla., 88 miles, operated July, 1900; extension, Newberry to Manatee
Springs, Suwanee R iver, 20 miles, under construction A pr., 1901. ia
July, 1899, bonds had been taken b y officials and immediate friends.
V. 69, p. 80. Bonds reported to be outstanding, $300,000 first and
$200,000 second 6s, due J u l y l , 1911, Michigan Trust Co. of Grand
Kapids, M ich., Trustee. Y ear ending June 30, 1901 (86 miles), gross,
$146,7 c 6 ; net. $37,086. President, J. M. Barnett, G rand Rapids,
Mich.; Sec., A. G. Cummer, Jacksonville, Fla.— (V. 70, p. 1195).
J a c k s o n v i lle T e r m in a l R y .—Owns union freight and passener depots [the latter opened Feb. 1 ,1 8 9 5 ,] and term inal properties at
acksonville, Fla., including 20 miles o f track, used by Savannah
Florida < Western, Seaboard A ir Line, Jacksonville St. Augustine <
fc
fe
Indian R iver (now Florida East Coast R y.), which com panies guarantee by endorsem ent the principal and interest o f above bonds, and
ow n the entire stock, and A tL n tio V aldosta & W estern Ry. Y. 71, p. 135.
For j ear 1900-01, gross, $108,540; net, $11,847; other incom e, $29,988;
deductions, $35,239. (V. 71, p. 135.)
J a m e s t o w n C h a u ta u q u a Sc L a k e E r ie R y .—Jamestown,
N. Y ., to Chautauqua, 2 6 ^ m iles; branch to Falconer, 3hj miles;
extension, M ayville to Westfield, 11 miles, was com pleted in June,
1 9 0 2 ; total, 41 miles. Incorporated in Sept., 1900, and purchased
the stock and abou t 95 per cent o f the $250,000 bonds (5s) of the
Jam estown < Lake E rie Ry. and entire stock o f Chautauqua Steam
fe
boat Co., operating 11 steamers on Chautauqua Lake. Stock, $600,000
all com m on. Com bined earnings o f properties for year ending Dec,
31, 1900, were: Gross, $116,478; net, $34,795; int. and taxes, $19,
689; bal., sur., 115,106. Railroad earnings alone were: gross, $57,
f
Helena
Alpha
Tehama
Reno
Tintic
^oVThistle J'e.
Atchis
ic.
Austin
River
CARSON CITY
K
U
nion
ISLAND
Leadville
SACRAMENTO
Marys vale
Frisco
)C\5.ton
At TO*
c \ ii
Colorado Sprs
l Pueblo
-unmson
Montrose1
I
TOPEKA
Junc.1
^
Davis.
a n s a s
k*n
La Junta
Lathrop
Hreede
‘o Candelaria
-Dodge Cy.
Alam osa'
Merced
Durango
L ake Cityo^_
Trinidad
'A.ntonito
BO ND S.
X N TH O N
Texline
Cochran Jc.
Bakersfield
S v M ojave
A N D
D os Olives
Barstow AT0H
Santa B a rb a| g| | ^
y k ^ S A N T A /f E
Coolidge
H olbrook i
^Fulton
Prescott
R edondo Beai
A
D a iu y ^ ^ L a s A
f
I
[A m arillo 1 .Washburn
A. & P > j, A^A lbuquerque
OkjaliQma
s Knob
i
Ft.Sm.tn
!
Socorro
jVIagdalena cx
^
Quanah
Carthage
B t t l e Ro c k
u
Mend
Globe
Vernon
C rocker
N ational Cj
Henrietta'
Gaine
M aricopa
Rincon
Tucson1
Benson.
Nogales,
Sperm:
Texarkana
Ft. Worth’"
’iiso del Nort
Dallas
P ecoA
----o Rosarii
M agdalene'
iente
wSierra Blanca
-yV Marfa
pac.\
AUSTIN ^
Spofford
Rincon
/ Lnmpazos.
T re vino
/ N
B A I L W A Y & CONNECTIONS
urango
tii
M i la in
Hempsieao
.Mouterev
EATON
Antonio
'"i HOpSTON
Ay u m v
llo U
6 M ouclova
SW
{Monroe
I .a redo
Ak’'Xa.1id ij
L u fk in
Ciudad YcL
P oriirio DUwh S
H
Sabinas ,/^ v - 1 \
KA NSAS C IT Y , ^
M E X IC O &, O R IE N T
V . •
idk*- Palestine
Kerrville
M AP OF THE
-S
'--
Vieksbuj^sf'ggjH
Tem ple1
.Guaymi
Shreveport-
Tyler.
Corsicana
Gates V.
iHermosillo!
Shortest Line from Kansas City to Pacific Ocean
Ttenisoi:
SW EETW ATER
Lordsbur
.^Laguna
J u l y , 19C 2.]
M cA llest/r
Roswell
PHCENIX
R A IL R O A D
STOCKS
Seligman
The Needle!
\
^ 'A r a n s a s Pass
Jqrpus Christ i
Y>rt A rth u r
,•
INVESTORS’ SUPPLEMENT,
76
[V o l . L X X V .
R A ILR O A D S.
Bonds—P rinci
INTEREST OR DIVID EN DS.
Miles Date Size, or
pal,^When Due*
A m ount
of
For explanation o f colum n headings, Ao., see notes
Par
of
Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding
on first page o f tables.
Cent. Payable
Whom.
Dividend.
Kan.O. Belt—1st ($534,000 gu. K .C .F.S.A M .).N B .c*
Kan. City Clin. & Spring.—1st M., g., g u a r .N B c*
Pleasant H ill A De Soto 1st m ortgage, g o ld .N B .
K a n . C ity F t . S cott & M e m p h is I t y . —Com. stock
Pref. stock $15,000,000, trust ctfs., gu., 4% (text)
R ef. M., $ t 0,000,000, g., gu.p,& i.end.x.M e.c*& r,.
10
174
....
...
....
....
U n d e k l y in g B onds
K. C. F. S. A G. 1st M., I’ d. gr.,s. f., dr’n at 1 1 0 .c*
Ft. Scott So’eastern A M.. 1st M ., d r'w n at 1 0 5 .c*
Memphis K. A Col. I s tM ......................................... c*
Kansas A Missouri R R . 1st m ortgage___
___ **
K. C. F. S. A M. RR c<>n. M .($25,000 p.m.)NB.O*
Current R iv. RR. 1st M ., $20,000 p. m ., guar.iM B
Kan. C.A M. R ’y A B ,d gelstM .g.,s.f.,d r,n a t ll 0 .c *
Kansas Equip. Co. 1st M. guar., s. f., red. at 110.
Ft. Scott Equip. Co , 1st M., cal) at p a r ...............
Ozark Equip. Co.1st M.,gu.,$1,000,000, call at par
K . C. Mem. & B ir gen .M .,$4,500,000, cu r .O B .c *
In c., non-cum . T o be stam ped—see te x t .O B .c *
Birmingham equipm ent M .,g.,gu. (red. at 110)..c*
Memphis Equipment Co., guar., red. at 1 1 0 .....C *
K an. City Mex. < Orient—1st M., g., $22,500 p. m..
£
K an. Ciiy Norlhw.—1st M .,p f.,“ A” g.,red at 105.M e
K ansas City Southern—Stock, com ., $30,000,000
Pref. stock , 4 per cent, non-cum ., $ 21 ,00 0 ,00 0...
1st m ortgage, gold, $30,000,0< 0 ................l e . . c *
Equii>ment trusts, June 3 0 ,1 9 0 1 ............................
x A ll excep t $731,500 are fixed-interest bonds;
160
103
50
26
719
81
....
....
...
....
277
277
....
....
....
1886
1885
1877
$1,000
1,000
500
100
....
....
100
1901 1,000&C
1879
1880
1884
1882
1888
1887
1889
1889
1899
1900
1894
1894
1888
1890
1900
1894
100 Ac.
2,151,600
7
1,000
a571,000
7
1,000
492,000
7
1,000
390,000
5
1,000
13,736,000
6
1,000
1,606,000
5
1,000 b 3 ,000,000
5 g.
1,000
c761,000
5
1,000
233,000
6
1,000
830,000
5
500 A c.
4
3,323,390
500 Ac.
5,923,280
5
1,000
913,000
6 g.
1,000
d lS 9 ,0 0 0
6
See text.
0)
1,023,500
500 Ac.
5 g.
....
29,993,500 1 To be h
21,000,000
1900
i ,o o o
30,000,000
3 g.
(?)
J. & J. B oston, Of., 50 State 8t. July 1, 1916
A. & O. Boston, Old C olony Tr. Oct. 1, 1925
A. & 0.
do
do
Oct., 1907
d by St. St. Louis A San F. RR.
N. Y. M erc. Trust Co. J u ly 1, '02, 1%
Q .- J .
A. & O.
do
do
Oct. 1, 1936
J.
M.
M.
F.
M.
A.
A.
J.
J.
M.
M.
&
&
A
A
A
A
A
A
A
A
A
D.
8.
S.
A.
N.
O.
O.
J.
J.
N.
S.
B oston, Old C olony Tr.
do
do
do
do
do
do
N. Y ., Motc. Tr. A Bost.
Boston, Old Colony Tr.
N .Y.,M er. Tr. Co. A Bos.
B oston, Old Col. Tr. Co
do
do
do
do
do
do
X
do
do
M. A S.
do
do
F. A A.
do
do
J. A J.
J. A J. N .Y. M ercantile Tr. Co.
eld in v otin g trust for 5 years.
A. A O. N. Y ., M erc. Trust Co.
June 1, 1908
Sept. 1, 1910
Sept. 1, 1910
Aug. 1, 1922
May 1, 1928
Oct. 1, 1927
Oct. 1, 1929
Jan. 1, 1905
July 1, 1909
M a y-N ov.l '10
Mch. 1, 1934
Mch. 1, 1934
Mch. 1, 1903
Aug. 1, 1905
1950
Jan. 1, 1933
Apr. 1, 1950
0, (d) $69,00 0, held a live in sinki ng fund.
coupo ns MA 8. V. 7|4, p. 829
694; net, $15,377. F or year ending Deo. 3 1 ,1 9 0 1 , R R . earnings w ere:
gross, $66,422; net, $17,984.—(Y. 72, p. 338).
J e f f e r s o n R B . —Owns Lanesboro, Pa., to Carbondale, Pa., 37
miles double tr a c k ; branch, H aw ley, Pa., to H onesdale, Pa., 8
miles. Leased in perpetuity to the Erie R R. Co. for $140,000 per
annum fo r main line and $14,940 for branch. Used b y Delaw are A H ud
son to reach Carbondale. Stock, $2,095,450; all ow n ed b y E rie R R .
J o lie t 6c N o r th e r n I n d i a n a B B . —Owns Joliet, 111., to Lake
Station, Ind., 45 miles. Operated as part o f the Michigan Central sys*
tern. R oad opened in 1854 and leased to the M ichigan Central. Stock
($300,000, par $100) carries dividends o f 8 per cent p er annum.
J u n c t i o n B B . ( P h i la d e l p h i a ) .—Owns B elm ont, Pa., to Gray's
Ferry, Pa., about 4 miles. Leased fo r 50 years fro m M arch 1,
1899, to Phila. Wilm. A Balt.; lessee to p ay fixed charges, keep road
in repair and p ay bond interest and 6 per cen t on stock.
Stock
$250,000; (par $50), n ow all held by Phil. Wilm. A Balt, and the Penn.,
—V . 68, p. 428. D iv id e n d s —in 1891, 40 p. c., in 1892, 35 p. c.. in 1893,
30; 1 89 4,1 5 ; in 1895, none; 1 8 9 6 ,1 5 p. c.; 1897. 10 p .c.; 1898, 20 p. c.;
since 6 per cen t yea rly under lease.—(V. 68, p. 428.)
K a n a w h a 6c M ic h ig a n B y . —(See Map Toledo & Ohio Central.)—
Owns Com ing, O., to Gauley on the Ches. A Ohio, 172 m iles, less 17
miles, P om eroy to Gallipolis, and 1 m ile, Athens to A rm itage, where
H ock . Y al. R y. tracks are used. A lso ow ns branch o f 11 m iles leased
to Toledo A Ohio Central and Col. Shawnee & H ock in g R y. com panies.
H i s t o r y , E t c .— Reorganization in A pril, 1890, o f the K anaw ha A
Ohio R ailw ay sold in foreclosure. (V. 50, p. 451, 483.) In O ct., 1890,
a large interest in the stock was acquired by the T oledo A Ohio Central,
which has guaranteed the bonds, principal and Interest. (See V. 52, p.
165. 351.) Capital stock $10,000,000 ($1,000,000 in treasu ry July,
1901). The first m ortgage bonds are lim ited on ly to $15,000 p er m ile
o f roa d constructed. June 3 0 ,1 9 0 1 . car trust notes, $327,746; special
equipm ent and betterm ent loan, $160,000.
L a t e s t E a r n s .— 11 mos., ) 1 9 0 1 -2 ..Gross, $1,021,783; net, $219,169
July 1 to May 31.
S1900-1.. G ross,
845,722; net, 181,253
S u r .o v e r ll mos. chges., $96,776 in 1901-02, agst. $69,544 in 1900-01.
A n n u a l St a t e m e n t .— R eport fo r year 1900-1, in V. 73, p. 660, showed:
G ross, $924,624; net, $227,300; other incom e, $6,800; int., taxes, etc.,
$159,053; balance, surplus, $75,047. In 1899-00. gross, $759,069; net,
$177,046.—(V. 73, p. 2 3 4 , 6 6 0 ; Y. 74, p 267, 1089.
K a n s a s C it y B e l t B y . —From Argentine to Y alley o f B lue R iver, 10
miles.
Stock authorized $2,500,000 (par, $100);
outstanding
$100,000 (par, $ 1 0 0 );
ow ned one-half by Atchison Topeka
& Santa F e and three-tenths b y Kansas City F ort Scott A Mem
phis and two-tenths by Chicago M ilwaukee A St. Paul. Double-tracked
and used for a term inal road at Kansas City, being leased fo r 99 years
from 1888 to C M. & St. Paul and A tch ison Top. A S. Fe (join tly with
other com panies) fo r p aym ent in each case o f 3 p. c. per annum o f
cost o f property used with equal p rop ortion o f cost o f con du ctin g
transportation and m aintenance accord in g to w heelage. The m ort
gage is for $2,500,000. E a r n in g s .— F or year ending June 3 0 ,1 9 0 1 ,
gross, $291,195; net, $164,291; interest, taxes, etc., $136,149; bal.,
sur., $28,142. Pres't, B. L. Winchell.
K a n s a s C ity C lin t o n 6c S p rin g fie ld B y . —Owns from Cedar
Junction, Kan., to Ash G rove, Mo., 164 miles; Arcadia, Kan., to Springfield, Mo . 85 m iles (acquired S e p t , 1901, from Kansas City F ort Scott
&‘Memphis R R .); branch to Pleasant H ill, Mo., 10 m iles; total, 259
miles. Stock, $1,775,400. Bonds were guaranteed by the K. C. Ft.
Scott A Mem RR. (old co.) For year ending June 30, 1901 (164 miles),
ross, $351,584; net, $136,351; total deductions. $181,485; bal., def.,
45,134. Pres., H. S P iiest, St. Louis, M o.—(V. 73, p. 184, 236, 723.)
K a n s a n C it y F o r t S c o t t 6c M e m p h i s B y . (See Map o f St.
L ou is & San Francisco Itailroad C o m p a n y) —Owns road e x
tending from Kansas ( ity, Mo., to Memphis, Tenn., and branches,
767 miles. Uses as trackage 85 miles from A rcadia to Springfield,
M o , which was sold in Sept., 1901. by the K C. Ft. S. & Mem RR.
(old co.) to K. «’. Clinton A Springfield Ky. (w hich see a bove). A lso
has a con trolling interest in stock o f tiie K. C. Mem. A Birm. R R .,
ow ning line from Memphis, Tenn., to Birm ingham , Ala , with branch,
296 m iles,and o f the Kansas City A Memphis Ry. A Bridge Co., ow ning
bridge across M ississippi R ixer at Memphis, 3 miles. Total operated
1,141 miles. Also to construct connecting line from Jacques Jet.,K a n .’
to the St. Louis A San Francisco RR. at Oswego. Kan., about 24 m iles’
O r g a n iz a t io n .— Incorporated on June 14, 1901, and is vested with
the properiy form erly the Kansas City Ft. 8. & Mem. R ailroad other
than the 85 m iles from A rcadia to Spnnglield, but not the Kansas City
Clinton & Springfield, and controls other mileage. V. 72, p. 1 2 3 7 .- See
V. 72, p .4 -8 , 53‘2. 675, 988. The St. Louis A San Francisco RR. owns
the entire stock and leases the road, guaranteeing the bonus o f 1901,
principal and Interest, and 4 p c. on preferred stock trust certificates#
St o c k . - Common authorized, $45,000,000. The pref. stock is depos
ited in escrow and against it are issued trust certificates o f the St L. A
San F. R R .,th e latter Having the option to retire the certificates at any
tim e at par, and obligating itself to pay oft the w hole issue in 20 years
from date, m eanwhile obligating itself to pay quarterly dividends o f
1 p. o. thereon, beginning Jan., 1902. See V. 72, p. 1238
B o n d s . The refunding bonds o f 1901 (limited to $60,000,000) are
to be secured by all p roperty now ow ned, or hereafter acquired with
the proceeds o f the refunding issue. Of the bonds, $11,650,000 were
subscribed fo r in June, 1901, about $31,025,770 w ill be reserved fo r
f
$2,050,000
6
3,192,000
5 g.
58,000
7 g.
15,000,000 All ow ne
13,510,000
4 g.
12,055,000
4 g.
exch an ge agaiDSt the fa ce am ount o f underlying bonds, $3,000,000
fo r refunding purposes, $5,000,000 for im provem ents, betterm ents
and new equipm ent at the cum ulative rate o f $600,000 per annum,
and the residue, as w ell as any bonds n ot used or required fo r refund
ing purposes, w ill be reserved fo r issue for additional lines and exten
sions, at not exceedin g $ 22 ,50 0 per m ile thereof. A s to guaranty on
bonds o f 1901, see “ org an iza tion ” above.
In 1902 the K. <\ Ft. Scott A Mem. R y. guaranteed the interest on all
excep t $770,780 o f the $5,923,280 Kansas City Mem. A Birm. incom e
bonds, beginning Mar. 1, the bonds so guaranteed being stamp* d with
a provision m aking them subject to call at any tim e w ithin 10 years
from Sept* 1 ,1 9 0 2 , at 95 and in te re s t—V. 74, p. 477, 577.
R e p o r t .—The earnings o f the com bined properties (including also
those o f the K. C. Clin. A Springfield R y n ot owned) were;
Tear—
Gross.
Net.
Oth. tnc.
Charges.
B al., sur.
1900 0 1 ... $8,840,857 $3,427,913 $77,087 $2,o54,983 $1,450,017
From surplus as above w ere p aid in 1900-01 div. on K an C. Ft. S.
& Mem. pref. (8 p. c.), $ 2 1 9 ,9 8 4 ; div. on com m on (4 p c.), $ 39 5,9 2 0;
int on K. C M & B. incom es (5 p .c.), $316,863; charged off, 63,032;
leavin g nal surplus of $454,218. In 1899-Ou $190,118 w as paid on
Kan. C. M. A B. incom es, leavin g a surplus ov e r all o f $83.735.—(Y. 73,
p. 1264; Y . 7 4, p. 94, 205, 477, 577, 728, 936; V. 75, p. 134 )
K a n s a s C it y M e m p h is 6c B i r m i n g h a m B B . —See Kansas
City F ort Scott & Memphis R y. above.—(V. 74, p. 477, 829 )
K a n s a s C iiy M e x ic o 6c O r i e n t B B . —(See M a p .)—P rojected
to extend from Kansas City, M o., to P ort Stilwell, M ex., on the Gulf
o f California, about 1,500 miles. In June, 1902, w ork was in p rog
ress along the entire distance from Kansas City. M o., to Sweetwater,
T e x , about 650 miles, and about 200 m iles in M exico, but o f the
latter about 50 miles east from Chihuahua com pleted; track-laying
was in progress in Kansas, Texas and M exico, and it w as exp ected the
entire road w ould be com pleted within three years. See C h r o n ic l e
o f July 2 8 ,1 9 0 0 . The hihuahua A P ac., com pleted from Chihuahua
to Minaca, 125 m ., w ill be used as the southern portion o f the line,
under a ten-year trackage agreem ent, the concessions fo r building the
uncom pleted portions o f the line (see Y. 71, p 181) having been trans
ferred to this com pany. V. 73, p. 662. See C & P. statement.
The Kansas City terminals, to cost about $2,000,000 with fou r tracks,
tw o for steam and tw o fo r electric traffic, and tw o bridges, w ill give
direct connection with practically every road entering the city except
the Chicago A Alton. The Kansas City Outer Belt A E lectric RR. was
incorporated with $1,500,000 stock to provide the terminals
S e c u r it ie s .—The com pany is to issue the fo llo w in g stock an d bonds
to cov e r each m ile o f com pleted road and equipm ent, viz.: $22,500,
first m ortgage 4 per cen t gold bonds, running fifty years from their
date, interest payable sem i-annually (but p rob ab ly incom es fo r the
first three years) and $20,< Oo per m ile each in com m on and non-cumulative 4 per cent preferred stock, and in addition $2,500,000 bonds
fo r extra w ork in the Sierra M adre Mountains. President, A. E. Stil
w ell.—(V. 72, p. 1080, 1237; V. 73, p. 82, 662; V. 74, p. 1038, 1251.)
K a n s a s C ity N o r t h w e s t e r n B B * —Road Kansas City to Vir
ginia, Neb., 162 miles, o f w hich Seneca to A xtell, 11 miles, and South
Leavenw orth to Leavenw orth, 1 m ile, are trackage, and 20 miles,
Summerfleld to Virginia, was form erly the Kansas City A Beatrice.
Branches, 12 miles. Total, 174 miles. A reorganization o f the K. C.
W yandotte A N. W., foreclosed Jan. 5, 1894. V. 59, p. 152. Entire
stock, $4,016,000 (par $100), and $2,983,000 “ B” bonds w ere pur
chased in N ovem ber, 1900, b y Mo. Pac. Ry.
B o n d s .— Of the $1,016,000 bonds, $900,000 are series “ A ,” “ pre
ferred” as to principal and interest, and are redeem able at 105.
E a r n in g s .—For year ending June 30, 190 L (on 174 miles) gross
$426,877; net, $109,591; other Incom e, $1,441; deductions, $78,636;
balance, surp , $32,396. In 1899-0, gross, $415,709 —(V. 71, p. 1120.)
K a n s a s C ity s o u t h e r n K y —(See M a p .)—Operates a line ex
tending from Kansas City, M o., to Port Arthur, T ex., (thence by its
ship canal 7 miles to deep w ater on the Gull o f M exico), w ith branches
and exten sive terminals used b y various roads entering Kansas City.
L in es owned—
Miles. I Lilies owned—
Miles.
Kansas City, Mo., to B elt J e t.. 12 |Branches to F ort Smith, De
Grand View , Mo., to P ort A rI Q dney, La., e t c ...................... 45
thur, T e x ....................................765 | Trackage—To Gr’ d V iew , Mo. 11
T otal.............................................................................................................833
reorganization o f the Kansas City Pittsburg A
Gulf R R ., foreclosed Mar. 19, 1900, per plan V. 69, p. 1012,1062.
In Oct., 1900, con trol becam e vested in the H arrim an syndicate.—V
71, p. 913, 963. Geo. J. Gould is Vice President. Clear title to the
Kansas City Suburban B elt and other terminal properties was ac
quired in Deo., 1901 and Jan., 1902.—(Y. 73. p. 1356; V. 74, p. 94.)
V o t in g T r u s t .—B y modified plan both classes o f stock w ill he vested
for five years in the follow in g votin g trustees: E. H. Harriman, Geo.
J. Gould, Otto H. Kalin, John W. Gates. Herman Sielcken, Louis Fitz
gerald and James Stillman. The votin g trustees m ay, in their dis
cretion, deliver the stock at an earlier date.
L a t e s t E a r n in g s .— 11 ) 1 901-2.Gross, $5,096,715; net, $1,623,204
mos., July 1 to May 31. \ 1900-1.Gross, 4,484,586; net, 1,217,514
F or 6 mos. ending Dec. 31, 1901, net over taxes, $807,037, against
$515,645 in 1900; Kansas City Suburban Belt, net results, $77,905;
fixed charges, $396,874; bal., sur., $488,068.
O r g a n i z a t i o n .— A
R A ili± v O A D
July , 1903.]
STOCKS
AND
77
BONDS
Marshfield.
Merrillan,
I N
S
Lglas
f
, Fond dn Ls
Calmar
Manly
ilw u ee
ak
Madison'
Sioux City-
Wa'uke.sha'
Montfort
lelmond
•ubuque
Fonda
Waterloo.
Ft. Dodge
Freepoi
ik £ q r d (
MarsEalltow
orfolk%
’ \k\Onawa*
Des Moines
'•Davenport
-Rock Island
Muscatine,
ouncil/BlufTs.
Ottumwa
rand Islan<
ihenandoah
■incoln
Ambo;
Streator/
F/7 '
E
P e o r ia
Burlington Jc. /
ng^TDarlington
A / T / C Trenton
airbury'
L^DsCnyiile'
Jackson ville/^
;oodhouse
yC uba'
Moberly
T erre .Haiti
Pana:
Clark
Itamont,
RAND VI
W ll
TOPEKA
it L in e
!t. Louis
edalia
Clinton
Versailles
tv ir la n i
-H orton /
Madison
mceniles)
JE FERSON CY,
Amsten
Aihoret
utchinsoj
—
SPRINGFIELJ
Louisiana)
Tollton
Beloit
Miltonvale
iecatu:
Cuba
Richland,
Scott
Wichita'
Osceola
srson
Shawneetown
Bismarck
Dekovi
infield
PRINGFIELD
NEOSHj
Medford
Goodma
Anderso
NAGAN
'Cairo,
^ Willow Sprs,
Chadwick
onett
•nville
Delta
VPaducaJ
[Belmont
Williamsville
Doniphan 0
'Fulton
N
Seligma
Eureka Spring;
Knobel
R S P R IN G S
iRives
'aragould
H o x ie V v
S P R IN G S
GUTHRIE
Martin'
Milan]
■ S t Paul
i t /N
N
y ‘v
fejf
S Newport\\ s | 1// JacksonM^/ / /
\ y /
SPIRO I
t
Dicks,On
c
( Perrj/Ville
Middletoi
Shady Point*
POTEAu
HOWE
Florence
Houston
■lly Springs
lThomagville
|MENA
,
A H a ificld ^
Tuskahornma/^
LITTLE ROCj
New Albany
Coahoi ia
/
u J ansae a
T /O r / y
.U W ickes
i^GrannlafJ
/Atoka
<
Malvej
Pine Bluff.
^ a G llI h a m
u D equ een
,
Wlehlta Fallu
H O R A tloB
M o r ris F i r r y a
R ln ggoi
D e n te o j
v-x^nnfjjropQ
Parts J<o
Grenada
w h lx o N y f
B ow ie
Warren
len
T EXA RKf ; i , l o f
T r v A^ u
C ordova]
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G reen w ood
W » ^ ^ D r a p /r ’
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Albany
Wmiiiprtord
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Trilby
Bloom ifurfi
LoftL r
Akron
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fro u p < y /
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d \ R a y ville
EVE PORT Monroi
TylorW /TT
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Corrtle
M eridian
V lc k a b u r !
M arioi
IACK8 0 N
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P a l e s t Dm ?
Mill
X w o i i .K
■ufkin
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VUyfHti
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I H O ilN n C C K
R o c k la n d
T e m p le
T rin ity
ICTOTi
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m.ii i n o k
BATON HOUGL
R fo m k ie
tk u
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It con r^t-ead
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ARTHUR
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M o r g a n « My f\ ]
T oa k tu n
a lv e s to n
K enedy
INVESTOKS' SUPPLEMENT
7 8
[You L X X V .
Su bscribers w i l l c o n fe r a g re a t fa v o r by g iv in g Im m e d ia te n o tice o f a n y error d isco v ere d In tb ese T a b le s.
Bonds—
Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
Par
For explanation of column headings, &c., see notes
of
Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding
on first page o f tables.
Whom.
Cent. Payable
Dividend.
RAILROADS.
Kansas City St. Joseph J Council Bluffs —See C h ic . B u r l , & Qui NCY.
Kan. City Suburban Belt—See K ansas Cit y South ern R Y.
98 1890 $ & £
Kansas City Watkins & Gulf—1st mort., gold ..F .c*
Kentucky Central—See L o u is v il l e & N a s h v il l e .
- » . 1881
K en dc I. Br. cC RR. - K . & I. B. 1 st M., g , assumed..
. . . . 1900
1,000
1st consol, mortgage, $2,500,000, gold .......... S.o*
162
K eokuk <t Des Moines—Preferred stock, 8 per cent
....
100
162 1878 100 &c.
1st mortgage, interest guar. C. R. I. & P ............. c*
. . . . 1869
1,000
K eokuk < Hamilton Bridge—1st m ortgage -........ c
&
1,000
Kewaunee Green Bay < Western—lstm ortg a g e.F .o . . . . 1891
£
113 1882
1,000
Kingston £ Pembroke—1st M., gold ............................
69 1885
1,000
Knoxv. < Ohio—1st M., gold, guar, by rent.Ce.c*<fcr
&
Lake E rie Alliance < Wheeling—1st M., $2,000,000
&
1901
L a k e E r ie & W estern —Com. stock, $20,000 p. m. 725
100
m
100
Pref. stock, 6 per cent (not cum.) ($20,000 p. m .). 725
725 1887
1,000
1st mortgage, ($10,000 per mile) g o ld ........ Ce.o*
2d mort., for $3,625,000 ($5,000 p. m.) gold.C e.c 725 1891
1,000
L a k e Shore & M ich ig a n S ou th ern —8tOCk........
....
100
„ __„ m
Guar. 10 per cent stock (Mich. So. & No. Ind.) ...
100
1,000
Consol. 2d mort.
do
.............................. c&r 859 1873
M ortgage, $50,000,000, g o ld .U s .................c*«fcr 1,000 1897 1.000&C
Detroit Monroe & Toledo 1st mortgage, gu a r...c
55 1876
1,000
Kalamazo & White Pigeon 1st mort.. gu ar.U n . .c
37 1890
1,000
41 1889
Bat. Cr. A Stur. 1st M „ g.,guar. p. & i.(see M.Cen.)
1,000
Sturgis Goshen & St. L. 1st mort., g., p. & i. guar.
36 1889
Kal. Allegan & Gr. Rapids stock, rental guar.......
58
100
1st mortgage, guaranteed. U n ...........................c
58 1888
1,000
Erie & Kalamazoo (l’ sed) st’k, Toledo to Palmyra
26
50
•••r
$1,967,400
5 g. J. & J.
See V. 73, p. 32.
Jan. 1, 1930
1,000,000
Louisville.
March, 1911
5 g. M. & 8.
See text.
4 g A. & O. N. Y.,8tandardTrust Co. Apr. 1, 1950
1,524,600 See text. See text N Y., Office, 13 Wm. St. sent. 1 /0 1 . 1%
2,750,000
5
A. & O.
do
do
Oct. 1, 1923
1,000,000
A. & O 62 Cedar St. As earned. April 1,1899
8
378,000
5
J. & D. N Y ., Office 40 Wall St. June 1, 1921
572,000
Jan. 1, 1912
3 g. J. & J. N. Y., 45 Broadway.
2,000,000
J. & J. N. Y., J. P. Morgan & Co. July 1, 1925
1,300,000
I g ' P. & A.
11.840.000
11.840.000 4 in 1902 J. & J. N. Y. Office, Gr. Cen. Sta. July 15/02,2%
7,250,000
5 g- J. & J. N. Y., Chase Nat. Bank. Jan. 1, 1937
do
do
July 1, 1941
3,625,000
5 g. J. & J.
z 49,466,500 7 in 1902 J. & J. N.Y.,Grand Cent. Stat’n July29,’02,31
e
533,500
10
F. & A.
do
do
Aug. 1 ,’02, 5%
6,312,000
7
J. & D.
f Dec. 1, 1908
43,119,000
3 ^ g. J. & D. Coupons at Grand | June 1, 1997
F. & A.
924,000
7
Cent. Sta’n, N. Y. j Aug. 1, 1906
400,000
J. & J. Registered int’ st on ] Jan. 1, 1940
5
79,000
2ds by Un. Trust; ] Dec. 1, 1989
3 g. J. & D.
322,000
on new 3^8 b y | Dec. 1, 1989
3 g. J. & D.
A. & O.
610,000
5-95
U. S. Trust, N. Y. | Apr., 1902
840,000
5
J. & J.
l July 1, 1938
10
300,000
F. & A. N.Y.,Treas., 24 Thomas. Aug., 1902,5%
z N. Y . Central holds $45,289,200 o f this.
B eport for year ending June 30, 1901, in Y. 73, p. 1310, on 833
miles, n ot including tlie Kan. City Suburban Belt RR. or allied
properties, showed:
Tear.
Gross.
Net.
Taxes.
Charges. Bal., sur.
1900-01.......... $4,753,066 $1,384,186 $114,600 *790,902 $478,683
1899-00.......... 4,118,763
792,749
....................................................
The net earnings in 1900-01 o f the Kansas City Suburban Belt RR.,
operated separately but accruing to the Kansas City Southern, were
$183,813; total, $662,496.
D ir e c t o r s . -P re s ., Stuart R. Knott: Vice-Pres., G. J. Gould; J.
W. Gates, John Lambert, o f Chicago; Edward H. Harriman, Otto H.
Kahn, Edwin Gould, Laurence Greer, H. P. Wertheim and Herman
Sielcken of New York; John J. Mitchell, o f Chicago; Julius S. Walsh,
H. C. Pierce, of St. Louis.—(V. 73, p. 616, 723, 1 2 0 6 , 1207, 1 3 1 0 ,
1356; Y. 74, p. 94, 577, 630, 680.)
K a n s a s C ity P itts b u r g & G u lf R R . —See K. C. Southern Ry.
K a n s a s C ity St. J o se p h & C o u n c il HI u lis R R . —In 1900
absorbed by Chicago Burlington & Qulncv.—(V. 70, p. 1048.)
S t. T o n is I r o n M t. & S o u th . R y .—See Mo. P a c . R y . S y s t e m .
K e n t u c k y & I n d ia n a R r ld g e & R a ilr o a d C o .—Owns steel
cantilever bridge over the Ohio R iver at Louisville and 5 miles o f rail
road between Louisville, K y., and New Albany, Ind., and 5 miles of
belt line in L ou isville; also owns Louis. & New Albany Ferry Co.
and Louisville & N. Albany Street Car Co. Successor Jan. 31,1900, to
Kentucky & Indiana Bridge Co., purchased in foreclosure subject to
the $1,000,000 first mortgage. The Southern Ry., Balt. & Ohio South
western (B. & O.) and Chicago Indianapolis & Louisville own the
$75,000 capital stock, and pay monthly, in proportion to cars handled,
any deficit in operations. Of the $2,500,000 first oonsol. 4s, $1,000,000 are reserved to retire the old 5s at maturity and $500,000 for im
provem ents and betterments. Y. 71. p. 492.
E a r n in g s .—For year ending Dec. 31, 1899, gross, $278,610; net,
$120,885. President. W. H. McDoel; Sec. and Treas.. H. V. Heazlett,
Gen. Mgr., B. 8. Josselyn.—(V. 70, p. 1249; V. 71, p. 29, 287, 342.)
K e n t u c k y W e s t e r n R y .—(Y. 73, p. 957, 1264; V. 74, p. 94, 775.)
K e o k u k A D es M o in e s R y .—Owns from Keokuk, la ., to Des
Moines, la., 162 miles. Leased for 45 years from October 1,1878, to
the Chicago R ock Island & Pacific Railway, the lessee to pay 25 per
oeBt of the gross earnings, but guarantees the interest (not the prin
cipal) on the bonds. Stock is $1,524,600 8 per cent preferred and $2,600,400 com m on (par $100), a m ajority of which is held by the lessee.
D iv id e n d s .— ) 1893.
1894. 1895. ’96 t o ’98. 1899.
1900. ’ 01.
On pref. p. o. 5 2-4 95 cts. 90 cts.
None.
50 cts. 50 cts. 1 .
Rental: In 1895-6, $139,521; in 1896-7, $137,500; in 1897-98, $144,
855; in 1898-9, $144,875; in 1899-00, $159,068.—(V. 68, p. 772.)
K e o k u k & H a m i l t o n R r l d g e C o .—Owns bridge across Mis
sissippi River at Keokuk, la., for railroads and fo o t passengers. The
property was originally leased to four companies, but only tw o com
panies now use it, these being the Toledo Peoria & Western and the
Wabash Regarding guaranty see V. 59, p. 969. On judgm ent o f
1889 $203,000 has been collected; on judgm ent of 1894, $142,000;
in A pr , 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 o f overdue interest is paid as earnings permit.
Last coupon paid was first half of No. 40, due Apr. 1,1889.
E a r n in g s .—Y ear ending June 30, 1901, gross, $32,612; net, $19,548; total deductions, $22,480; bal., del., $2,932. In 1899-0, gross.
35,768; net, $22,279. President, Andrew Carnegie; Treas., Theoore Gilman, 62 Cedar St., N. Y .—(V. 71, p. 135; V. 72, p. 821.)
K e o k u k Ac W e s t e r n R R . —In 1899 acquired by C. B. & Q.
t
K in g s t o n Sc P e m b r o k e R y .—Owns from Kingston, Ont., Can., to
R enfrew on the Can. Pac., 104 miles; branches. 9 miles In 1899 was
reorganized per plan in V. 67, 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 $150,000 second pref. 3 p. c. stock issued, floating debt paid and
interest on bonds reduced to 3 p. c. In Aug., 1901, the Canadian Pac.
Ry. purchased control. (V 73. p .4 4 5 ,1160.) Com. stock, $2,500,000; par
$50; issued, $2,250,000. First div. on 1st pref., 1 p. c., paid April 2,
1901.—V. 72, p. 480. Year ending Dec. 31, 1901, gross, $164,286;
net, $23,993; int., $17,160; balanco, surplus, $6,833.—(V. 68, p. 130,
927; V. 72, p. 338, 480; V. 73, p 445, 1160.)
K n o x v i l l e «fc B r i s t o l R R . —Morristown, Tenn., to Corryton via
Tate Springs (Bean Station), 40 miles. Road when completed to e x
tend from K noxville via Corryton and Bean Station (including 29
miles of present line) to Bristol, 120 miles, with branch Bean Station
to Morristown (remainder of present line). Reorganization of M or
ristown & Cumberland Gap RR. sold under foreclosure in Feb., 1898.
V. 66. p. 810. Stock authorized. $1,000,000. In Apr., 1898. made a
m ortgage to secure b'>nds to be issued at $20,000 per mile. President,
H enry J. Braker, 100 William Street, New York; Treas., J. B. Foster,
Providence, R. I.—(V. 66, p. 810.)
K n o x v ille A O h io R R . —Owns K noxville, Tenn.,to Jellioo.Tenn.,
and branch, 69 miles. Stock, $1,122,200; par, $100. Southern Ry,
owns *1,118,300 of the stock, o f whioh $1,111,300 is pledged under
its consolidated mortgage o f 1894. Earnings not reported separately.
T a k e E r i e A llia n c e A W h e e lin g R R . —Phalanx, O., on the
Erie RR., to Bergholz, 61 miles; extension from Bergholz to Dillonville, 27 miles, all graded in Mar., 1902. A consolidation o f the Ohio
River & Lake Erie and Alliance & Northern railroads. Owned by
the Morris-Garfield syndicate. (V. 73. p 184.) Stock authorized,
$2,000,000. Bonds, see table above. For year ending June 30, 1901,
gross earnings, $85,*54; net, $21,806. President, C. Morris; VicePresident, John E. Newell; Secretary and Treasurer, J an es R. Gar
field, Cleveland, O. Oflice, Alliance, O.—(V.73, p. 184, 784.)
T a k e E rie
A
W e s t e r n R a ilr o a d ..—R o a d —Owns San
dusky, O., to Peoi la, 111., 420 miles, and branch to Minster, 10 miles;
Indianapolis to Michigan City, 162 miles; Fort Wayne to Connersville
and branch to Rushville, 133 miles; total owned, 725 miles, of whioh
701 steel; leased from Oct. 1,18 95 , the Northern Ohio RR., A k r on to
Delphos, 162 miles; total operated, 887 miles.
H is t o r y , E t c .—Formed in 1887 after foreclosure o f the Lake E rie
& Western Bailway. (See Y. 50, p. 590.) In 1899, control passed to the
Vanderbilts, and on Jan. 1,1901, the Lake Shore & Michigan Southern
owned $5,940,000 com m on and $5,930,000 pref. stock. V. 71, p. 1269.
Drv. s i n c e ’ 89 (1 8 9 0 ’ 91 ’ 92 ’ 93 ’94 ’ 95 ’96 ’97 ’98 ’99 ’00 '01
’02.
on pref.—
( 4%
4 4% 5
5 5 5 5 5 0 2 4
4
Dividends suspended in 1899 on account of advances to Cleveland <
fc
New Castle Ry., were resumed in July, 1900.—V. 70, p. 1291.
B o n ds .—Abstract o f first mortgage in V. 46, p. 45; of 2d m ortgage in
V. 54, p. 444. Guarantees $2,500,000 5s Northern Ohio, which see.
E a r n in g s .—For 6 mos. ending June 3 0,1 90 2 (partly estimated):
6 mos
Gross.
Net
Charges. Div.on pref. Balance.
1902 ............. $ 1.220,746 $575,970 $334,375 $236,800 sur. $4,795
1901............... 2,225,943
493,177
3 3 4 ,3 7 5
236,800 def.77,998
A n n u a l R e p o r t .—Annual report for 1901 was in V. 74, p. 827.
Year end. Dec. 31.
1901.
1900.
1899.
Gross earnings....................................$4,533,204 $4,475,712 $3,787,301
Net (incl. other incom e)................... 1,380,928
1,591,734 1,634,188
Deduct ta xes....................................
206,983
197,335
195,879
Interest on b o n d s .......................
543,750
543,750
543,750
No. Ohio int. guar..........................
125,000
125,000
105,000
D iv id e n d s.........................................(4)473,800 (4)473,600
......
Balance, s u rp lu s ..................
$31,596
$252,04
*789,559
- ( V . 72, p. 675, 8 1 9 , 1237; V. 73, p. I 2 6 o ; V . 74, p. 8 2 7 ,1 3 5 5 .)
T a k e Sk ore A M ic h ig a n S o u th e rn R a i l w a y . - f t o Map
N. Y. Central.)—Operates from Buffalo to Chicago with branches. The
main line (540 miles) includes 26 miles between Toledo and Palmyra,
Mich., under lease from the Erie & Kalamazoo.
Road owned directly.
Miles.
Leased, [Fsee this Co.]
Miles.
98
Buffalo, N. Y „ to Chioago, H I..540 Kalamazoo A. & G. R ............
51
Sundry branches........................ 327 Jamestown & F ran klin .........
Central Trunk.........................
5
Entire stock owned.
Detroit & Chioago (see below ). 26 Mahoning Coal R R .................
47
Detroit Monroe & T oledo......... 55 Erie & Kalamazoo (26 m .)___Text.
Kalamazoo & White P ig e o n ... 37 Detroit Hillsdale & 8 . W ...tf
65
98
Northern Central Michigan— 61 Fort Wayne & Jackson....... if
11
Sturgis G. & St. L ........................ 36 Elkhart & W estern.................
Grand tot. oper. Jan. 1 ,’01.1,411
Of the main line 513 miles has double track. B y control o f “ Nickel
Plate” the Lake Shore has still another line from Buffalo to Chioago.
Operates Dunkirk Allegheny Valh y & Pittsburg, Dunkirk, N. Y , to
Titusville, Pa., 91 miles, since Oct 1.1901, fo r account of New York
Central —(V. 73, p 663 ) In Feb., 1902, the u. 8 . & Mich. 80., together
with the Michigan Central, took over the operation of the Detroit
Toledo & Milwaukee R R , Allegan to Detroit, Mich , 200 miles. V. 74,
p. 379. As to contract with Mahoning Coal Ry. for double-tracking
part of line, see V. 74, p. 680.
O r g a n iza t io n , &c . A consolidation on Aug. 16,1869. The N. Y. Ch. A
8t. Louis (Nickel Plate) road has been controlled by ownership of
stock since 1882, Lake Shore now owning $6,240,000 o f its oommon.
$6,275,000 o f its 2d preferred and $2,503,000 o f its 1st preferred stock.
The company also controls and leases the Mahoning Coal HR. [see Lake
Shore “ System ” below] and owns (besides the entire stock 01 the pro
prietary lines) $2,050,000 Pittsburg & Lake Erie stock. N. Y. C. < H.
6
R. RR. in 1899 had acquired over nine tenths of the capital stock of
the Lake Shore, as stated below.
In 1900 the com pany purchased $11,224,000 o f the $27,989,310
Cleveland Cin Cliio. & St. Louis com mon stock and $5,940,000 of the
$11,840,000 common and $5,930,000 of the $11,840,000 Lake Erie &
Western preferred stock, being the entire holdings of the Vanderbilt
roads in these companies, the whole at a cost of $12,958,08^:, of which
$6,958,082 was paid from suiplus earnings in 1899 and 1900, and
$2,000,000 in 1901, leaving $4,000,000 to be paid in the future.—V.
71, p 1269; V. 72, p. 870.
SiAILROAD
J u ly , 1902 |
STOCKS
AND
7f>
801108.
INTEREST
|line Bomts—Princi
Miles Date 8ize, or
pal, When Due.
Amount
When
of
Par
F or explanation o f column headings,&o., see notes of
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Whom.
Road. Bonds Value.
Cent.
Dividend.
on first page o f tables.
RAILROADS.
43
Lake Short System—Mahoning Coal RR.—Stock—
43
Pref. stock, see tex t....................................................
43
1st M., Youngs to And., etc., guar. p.&i. (end).Tine
20
L .S u pd Ishpem. Ry.—1st M.,$ 1,200.000 e-.s.f.F c
16
L.TahoeRy d T r.U o.-t 3tM .,g.,$500,000s.f.,beg.’05
3
Leavenworth Terminal Ry. & Bridge—1st M., g.Ge.
42
Lehigh d Hud. River—1st M.,g.,int.red’ o’dto5p.c.O e
63
2 d mortgage, gold .......................................................
15
Warwick Valley 1st mort., extended in 1900.C e.
22
2 d m ortgage.C e.......................................................
63
L .A Hud. R Gen.M. $3,000,000, g. (see text) Ce.c*
Lehigh d New Bngl'd—\st M ., $1,000,000, gold V p __
15
North’ton, IstM ., g „ $300,000, gu., red. lu 5 .F P c*
Lehigh. V alley—Stuck ($106,300 is 10 p. C. pf.)GW
1st mortgage, o. and r.. ext. in gold In 1 8 9 8 ..G P 101
101
2 d m ortgage............................................................... r
Consol, m ort.,) coup. & reg., $4,762,000 4i©S-C<fcT 4 6 1 1
$40,000,000.) annuity, $2,538,000 are 4i© 8.F P
Mtge. and Coll. Trust, g., call at 107i©.. -G P.c*&r . . . .
Coal purchase bond, 2 series (V. 74, p. 2 1 0 ).......
Lehigh & N. Y ., 1st M.. g., guar. p. & 1. Mp...c*<fer 117
Leh. Val. of N.Y., 1st M „ g., gu.p. A i. (end.)GPo*<fcr 283
31
Leh. Val. Ter., 1st M., gold, gu. p. & i., end.Ce.c*<fcr
60
Easton & A m boy,1st M.Easton to P.Am boy, gu ..
12
Easton & No., IstM ., gold, guar.byL.Val.GPcLfer
22
Middlesex Valley, 1st mort., $600,000, gold. Ce.c"
Penn. A N. Y. Can. & RR.—1st m., en d ors.. .c*<fcr.
Consols (seetext) guaranteed p .A i.(e n d .).G P r
Elmira Cortl’d & No. 1st pref. mort., gold..C e.c* 119
1st M., gold, guar. p. & i. (end.). C e .................... 119
Cana.No.lstM.,g.,gu.p.<fci.byE.C.&N. (V.66,p.82) ’ " “ "
1884
1896
1901
1893
1881
1887
1879
1881
1890
1895
1902
1868
1870
1873
1873
1897
1901
1895
1890
1891
1880
1895
1892
1866
1888
1884
1884
1886
$50 $1,500,000 10 in ’01 F. & A. N. Y., Gr’ d Cent. Stat’n.
J. & J. N. Y., Union Trust Co.
50
661,850
5
do
do
1,500,000
5
J. & J.
1,000
645,000
6 g. J. & J. N.Y.. Farm. L. A Tr.Co.
1,009
1,000
300,000
5 g. A. & O. San Fran. Merc. Tr. Co.
600,000
1,000
5 g. J. & J. N. Y., Central Trust Co.
1,000
800,000
5 g. J. & J. ] N. Y., Nat’l Exeh. f
1,000
164,000
5 g. J. & J . ! Bank, and F irst]
145,000
4i© A. & O. ( N a t i o n a l Bank,
500 &0.
A. & O. | W arwick, N. Y.
240,000
6
500 &0.
I
1,124,000
1,000
5 g. J. & J.
431,000
1.000
5 g. J. & J. Phila., 927 Chestnut St.
do
do
1,000
300,000
5 g. J. & J.
50 40,441,100
5,000,000
1,000
4 g. J. & D. Reg.atoifice; cp.Bk.N.A.
M. & 8. Phila. Of., 228 So. 3d St.
1,000
6,000,000
7
1,000 10,400,000 4t© A 6 J. & D. Reg.at offlce;ep.Bk.N.A.
1,000
12,600,000 4i© & 6 J. & D. Phila.. Of.,228 So. 3d St.
7.900.000
1,000
Philadelphia.
5 g. M. & N.
1.215.000
M. & 8. Phil.,Leh. Val.Of. & N.Y,
2,000,000
1,000
4 g.
4i©g. J. A J. N.Y.,Merch.N. Bk.&Ph.
1,000 15,000,000
do
do
1,000 10,000,000
5 g- A. A O.
6,000,000
5
M. A N. Phila., Of., 228 So. 3d St,
1,000
51.000
4i©g. M. A N.
do
do
500 Ao.
1,000
375,000
5 g. M. A N. N. Y ., Central Trust Co,
1,000
1,500,000
7
J. A D. Phila., Bk. N. America,
8,500,000 4, 41©, 5 A. A O. Phila., Lehigh Val. RR,
1,000
750,000
do
do
1,000
6 g. A, A O.
do
do
1,000
1,250,000
5 g. A. A O.
300,000
do
do
6 g. J. A J.
In .Jan., 1902, purchased $4,4 3 t,200 of the $5,000,000 stock of the
Indiana Illinois & Iowa RR., operating line from Seatonville, 111., to
St. Joseph, Mich., 306 miles. V. 73, p. 1356; V. 74, p. 41. In 1901
purchased from surplus earnings $3,2t 0,000 Lehigh Valley RR. stock
at a cost of $1,920,000. V. 74, p. 879.
D i v i d e n d s — Since) ’89 ’ 90 ’ 91 ’92 ’ 93-97 ’ 98 ’99 ’ 00 1901 1902
1888.
P. Ct. \ 5
5 6hj 6% 6 y ’rly 6i© 7 7
7
7
The consol, m ortgage of 1897 (Uniled States Trust Co., N. Y ., and
John T. Dye of Indianapolis, Ind., trustees,) is for $50,000,000 of 3 \
per cent gold bonds, tax free, authorized to retire the several issues of
7s maturing from 1898 to 1903 (see a b s t r a c t in V. 64. p. 1 1 8 2 )
amounting to $43,192,000, and the balance, $6,808,000 for use in re
funding said bonds and for general purposes of the com pany. The
mortgage covers 829-54 miles of main line and branches—a consid
erable portion being double tracked—and 181T1 miles of leased lines.
To D s o . , 1901, $43,119,000 of 3^8 had been listed.—V. 66, p. 1140; V.
68, p. 1182; V. 73, p. 1264.
G u a r a n t ie s .—As to guaranties additional to those shown in table
above see Detroit Hillsdale A S. W. and Fort W ayne A Jackson.
G e n e r a l F in a n c e s .—Nothing has been charged to construction or
equipment account since 1883, the outlays charged to operating ex
penses for new equipment amounting in 1901 to $3,589,079 andin 1900
to $2,267,825, and for construction to $729,257 in 1901, against
$711,718, these items being exclusive of expenditures for renewals.
Profit and loss surplus Jan. 1, 1902, $14,794,667. Low grades permit
large train loads : average for 1901, 530 tons, against 455 in 1900.
In Jan., 1902, $36,880,000 of the $43,192,000 7 per cents due in 1903
and earlier, and outstanding in June, 1897, had been retired and
$43,119,000 new 3hiS issued, fixed charges being reduced $1,072,435
perjannum, or over 2 per cent on the capital stock.
In Feb., 1898, a majority of the capital stock was purchased by the
N. Y. C. A H. RR., which gave in exchange its 3 ^ p. o. bonds at the
rate of $200 in bonds for $100 in stock. V. 66, p. 288. In Deo , 1901,
$45,289,200 stock had been exchanged. V. 69, p. 1237.
E ar n in g s .— For 6 mos. ending June 30 (1902 partly estim ated):
6 mos.
Gross.
Net.
Other m e. Int., tax, etc. Bat., sur.
1 9 0 2 .. . $14,08",000 $4,377,100 $780,000 $1,620,‘ 00 $3,587,000
1 9 0 1 .. .. 13.690,219
4,75*,422 664,500
3,(54,500 3,764,4'.2
Dividei ds of 3\ per c< nt call f< r $1,731,328 for the 6 months
A n n u a l R e p o r t .—For 1900 was in V. 72, p. 8 79 ; see edi*. page 8 i 4.
T e a r e n d . Der. 3 1 —
19 01 .
1! 0 0 .
1899.
Total g ro s s e a r n in g s ............ $ 2 9 ,2 7 2 ,6 7 5
$ 2 6 ,4 6 6 ,5 ! 4
$ 2 3 ,6 1 3 ,9 4 6
O per. e x p . & t a x e s ............... 2 0 , 2 1 0 , 2 2 9
1 7 ,3 0 7 ,7 9 5
1 5 ,8 3 2 ,1 4 6
N et e a r n in g s ................... $ 9 ,0 6 2 ,4 4 6
$ 9 ,1 5 8 ,7 1 9
$ 7 ,7 8 1 ,8 0 1
Net, in cl. oth . i n c o m e . . . .
1 0 ,3 9 1 ,7 : 0
9,908,3-iO
$ 8 ,1 5 7 ,8 5 7
R en tals p a id ..............................
9 1 6 ,6 0 5
9 2 3 ,2 4 7
7 3 2 ,4 8 3
In te re st on d e b t......................
2 ,2 6 6 ,6 5 6
2 ,2 7 3 ,3 1 2
2 ,3 1 4 ,7 5 3
D lv td ’ s o n g u a r, s t o c k ..........
5 3 ,3 5 0
5 3 ,3 5 0
5 3 ,3 5 0
D iv id en d s................................. (7 )8 ,4 6 2 ,6 5 5
(7 )3 ,4 6 2 ,6 5 5
(7 )3 ,4 6 2 ,6 5 5
$ 3 ,6 6 2 ,4 7 0
$ 3 ,1 9 5 ,7 7 6
$ 1 ,5 9 4 ,6 1 1
SurDlaa o v e r d lv s ................
- ( V . 7 3 , p. 1 2 6 0 , 1 2 6 4 ,1 3 5 6 ; V . 74. p. 3 7 9 ,4 7 8 , 6 8 0 , 8 7 9 , 1 0 8 9 ,1 3 5 5 .)
L a k e S h o r e S y s t e m . —M a h o n i n g G o a l R R . —O w n s from
Y o u n g s to w n to A n d o v e r , O ., a n d b r a n c h , 50 m ile s. L e a s e d in per
petu ity fo r 4 0 p e r c e n t o f g ro s s e a r n in g s to L a k e B h ore, w h ic h J a n . 1,
1 9 0 0 , o w n e d $ 8 6 5 ,9 0 0 c o m m o n a n d $ 3 9 9 ,5 0 0 p r e fe r r e d s to ck .
D ividends ,— ) 18 89 , ’ 90. ’ 9 1 . ’ 9 2 . ’ 93. ’ 94. '9 5 to F e b ., 19 02 .
On com m on.
5 4>©%
5
4>© 8hs 8
8 10 < F eb .7 % ,A u g . 3% )
T h e p r e fe r r e d s to ck c e rtific a te s a re 5 p. o. g u a ra n te e d an d co n ta in
a clau se m a k in g thorn re d e e m a b le at p a r at o p tio n o f c o m p a n y .
For y e a r e n d in g J u n e 8 0 , 1 9 0 1 , r e n ta l, $ 4 6 2 ,5 2 0 ; su rp lu s o v e r in t.
and 10 p. c. on co m . an d 7 p. o, on p rer., $ 1 5 6 ,8 5 8 .— (V . 66, p. 8 9 7 . )
L a k e s u p e r i o r Ac I * h p e r n I n g R y , —M a r q u e tte to Is h p e w tn g ,
M ich., 2 0 m iles: lea ses, 1 m ile; to ta l, 21 m iles. S to ck , $ J ,0 0 0 ,0 6 0 ;
p er or shares, $ t 0 0. B on d s are s u b je c t to c a ll fo r the sin k in g fu n d b v lo t
a t 105 a o d In terest. Y ea r en d in g Dec. 31, 18 90 , $ 1 6 9 ,6 3 8 ; n et, $ 1 0 ,197; ta x e s , $.’>,0851. P r e sid e n t, W m . O. Mather, ( lev ela in l, O . a ,
W. G. P o llo c k . O ffice, C levela n d , 0
( V. 7 8 , p, 1 2 0 7 ; V. 7 4 , p. 1252.)
L a k < T a h o e I t y At T r a n s p o r t a t i o n G o . —T r n r k e e to Talm i
•
Gai , narrow g a u g e , o p e r a te d during to u r is t s e a -o n fr o m M a y 15
Oct, 15 in of u n set Ion w ith stea m ers and b o t e ’ s, a lso o w n e d , Biot
a u th orized . $ 5 0 0 ,0 0 0 ; o u tsta n d in g , $ 2 0 0 ,0 0 0 . M o rtg a g e c o v e r s ai
•tteamri
.vha?f and h otel p r o p e rty eostltigov**r$JM i.OflO; sin k in g fm
b ecom es O perative In 100 ; M erca n tile T r u s t C o., Man F r a n cis c o , fru
tee. V .7 1 ,
179. F or y e a r I 9 0 1 , g ro s s, $ 3 9 ,3 0 * ; net, $ 16 ,4 0 0 . J're.
d.nit, i>. L, lilies Hah Frnr.cb.no, Cal. (V . 7 1, p. 1 7 s,)
L a r a m i e H a h n ’ * * » e a k Ac P a c l t ic R y . — In D ec , I d O l. graft 1l
a lm o s t corn plot od fr om L a r a m ie , W y o m in g , t o G cn ten n ln i, 3 ; mil*
to be op* rated III 19 0 2; C on tra ct also let. fo r 0 8 m iles to iU t t l e I,air
en tire p reject©'! line. 600 mil©*.
Htoek autf OI I'/.rd, $ 1 0 , 0 0 0 00
all c o m m o n ; o u ts t a n d in g . $ 3 ,5 0 0 ,0 0 0 ; p a r o f shares. $ t o
* o bon d
>
President, Isaac Van Horn, 7 O o n g r m « 8t., B o s t o n , M ass.; T r e a s I
W. T h o m p s o n . — (V, 72, p 98 8 )
L e a v e n w o r t h T e r m i n a l H a l l w a y <V l l r l d g e . —O w n s lilg
w ay and railroad b r id g e ( o p e n e d ,ian. 1, 1894), 1,1 10 feet long,
Missouri River at Igmvcnwort.b, K a n ,, an d v a lu a b le ter m in a l p r op erl
In t,hat city. Tlje m o r tg a g e eon tains a s in k in g fund p r o v i s io n . Km
sas City St. J o s e p h A V. B. (C h ic a g o B. <
fe
and C h ic a g o It. T. A i
Feb. 1, ’ 0 2 ,7
July, ’02,21**,
July 1, 1934
Jan. 1, 1926
Oct. 1, 1931
Jan. 1, 1923
July 1, 1911
July 1, 1917
July 1, 1911
Apr. l , 1912
July 1, 1920
July 1, 1945
Jan. 1, 19,-2
1893
June 1, 1948
Sept. 1, 1910
Deo. 1, 1923
Irredeemable,
May 1, 1997
8ept.
July
Oct.
May
Nov.
Nov.
June
Apr.
Apr.
Apr.
July
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1945
1940
1941
1920
1935
1942
1906
1939
1914
1914
1906
us© the bridge at an annual rental of $16,000 each, under a 30-year
contract from 1894, and Chicago Gt. Western from Sept. 1,1895, for 30
years; rental $14,250. For year ending June 30, 1901, gross, $51,678;
net, $37,779; int. on bonds, $30,000; bal., sur., $7,779. Capital stock.
$600.000.—(V. 69, p. 494.)
L e h ig h & H u d s o n R iv e r R y .—Owns from Greycourt, on Erie
RR., to Belvidere, N. J., on the Pennsylvania RR., 63 miles, Proprietary
lin es: Orange County RR. (entire stock owned—no bonds issued), HudaoD Junction to May brook, N .Y.,on Cent.N.E.Ry. (Poughkeepsie Bridge)
including trackage, a total of 13 miles; 8. E. & P. RR., Phillipsburg’
to Easton, l m i l e ; trackage, Penn RR., Belvidere to Phillipsburg, 13
m iles; 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
B o n d s .— O f the $ 1 ,1 2 4 ,0 0 0 general m ortgage bonds out, $ 1 ,0 6 2 ,0 0 0 are guaranteed join tly, p n n . and interest, b y the Cent. RR.
of N. J and Leh. Coal & Nav. Co. An additional $ 1 ,5 3 5 ,0 0 0 are re
served to take up prior liens and $ 3 3 0 ,0 0 0 for extensions or acquisi
tions o f connecting roads. See form of guaranty, etc., in V. 67, p. 783.
E ar n in g s .—For 9 mos. ending Mar. 31, 1902 (road proper), gross.
$266,789. against $310,763 in 1901; surplus over charges, .t 13,899
against $39,945.
A n n u a l R e p o r t . — Including Orange County R R .—V . 7 3 , p . 11 57 .
Tear end. June 3 0 .
Gross.
Net.
Int., tax, etc. Bal.. sur
1901 ................................. $442,251
$176,529 $138,175
$38,354
1900.................................... 487,749
235,254
143,271
91,983
Lewis A. Riley, President, Philadelphia, Pa.—(V. 73, p. 1264.)
L e h i g h Ac N e w E n g l a n d R R . —Operates road from Slatlngtoiu
Pa., to Campbell Hall, N. Y., 96 miles, o f which two sections, aggreing 36 miles, belong to other companies, leaving 60 miles owned
Y. Susq. & W. operates New Jersey Division (Campbell Hall to
Hainesburg, 61 miles), and Lehigh Valley RR. operates Pennsvlvania
Division (Hainesburg to Slatington, 35 miles.) L e a s e s for 9 9 9 vears
Northampton RR., Martin’ s (re e k to Bath, 15 miles, was to be com
pleted in July 1 9 0 2 .- V. 74, p. 478, 1252.
H isto ry .—A reorganization July 1, 1895, o f the Pennsylvania
Poughkeepsie & Boston, sold in foreclosure Deo. 14,1894.
S e c u r it ie s .—Stock Is $1,500,000, par $50. Mortgage is for $1,000 000, of which $569,000 for improvements and exten’s.—(V. 62 d 134*)
Current liabilities June 30, 1001, $152,180. There were also $75 000
collateral trust bonds and $20,000 equipment 6s.
E a r n in g s .— For y e a r e n d in g June 30. 1 9 0 1 , gross, $86,305; net,
$57; charges, $37,763; balance, deficit, $36,706.—(V. 74, p. 478.)
L e h i g h V a l le y R R .—( See Map) —Main line, Jersey City, N. J.. oni
Buffalo, N. Y., 44 6 m iles; branches to AudenirlecL
Tomhicken, Hazleton, Ac., 748 m iles; Lehigh & New York R R 114
m iles; State Line & Sullivan Railroad, 24 m iles; total main line, 1 333
mlies; sidings, etc., 938 miles. Total system 2,271 m iles; second
track, 573 miles; third tr a c k , 19 miles. Trackage: Penn. RR., 13-6 milesN. Y . Central, 16 miles; sundry trackage, £0-8 miles.
H i s t o r y , E t c .— in M a rch , 18 9 7 , a r r a n g e d w ith J. P. M o rg a n & C o
r
o f N . Y . fo r a g e n e ra l r e a d ju s tm e n t o f fin an ces, in c lu d in g th e h o ld in g
o f v o tin g p o w e r fo r a la r g e b lo c k o f th e s t o c k .—See V . 6 4 , p 5 1 7
7.>4; V . 68, p. 4 7 4 .
F or lis t o f s e c u ritie s o w n e d , s e e V. 6 6 , p. 18 7
In
J u n o, 1 8 9 9 , J. P. M o rg a n & C o. p u rc h a se d a b o u t 7 5 ,0 0 0 sh a res o f s t o c k
b e in g o n e -h a lf o f th e h o ld in g s o f the A s a P a c k e r e sta te, and in J a n '
1901, th e -rem aining h a lf, these, to g e th e r w ith o th e r a c q u is it io n s .p la c
in g th em in p r a c tic a l c o n t r o l . - V. 6 8 , p. 1226; V . ' 0 , p. 1049; V 72 p
87. In 1901 r e p r e s e n ta tiv e s o f th e E rie, L a c k a w a n n a , C en tra l o f N ew
J e r s e y , R e a d in g an d V a n d e r b ilt in te r e s ts e n te r e d th e d ir e c to r y b u t
th e p r o p e r t y w ill c o n t in u e to be o p e r a te d in d e p e n d e n tly , th ou g h in
h a r m o n y w ith th e o th e r a n th r a c ite r o a d s .— V. 7 2 , p. 1 3 7 ,3 9 1
'i he
Luke B hore A M ich . Bo. In 1901 p u r c h a s e d $ 3 ,2 l 0 ,0 0 0 o f tho s to ck
V. 7 4 , p. 8 8 3 .
Coal Property . - T h e L eh igh V a lle y R R , Co. o w n s 3 ,6 1 9 a c r e s of
c o a l la n d s and aU the ($(550,000) s t o c k o f th e L ehigh V a lley C oal Co.
w h ich In D e ce m b e r , 18 03 , o w n e d a n th r a c ite c o a l and s u r fa c e l a n d s : ’
,.
Total acres.
Goal acres.
Kst’d. yield.
O w n ed In f o e ........ ...............................1 5 ,2 1 7
7 ,2 4 2
1 2 4 .0 0 5 ,0 0 0
Perpetually le a s e d ............................ 1 ,1 2 3
5,7 41
1 1 1 ,0 0 0 ,0 0 0
T erm le a s e s .......................................... 1 , 7 0 8
1,7 08
1 7 ,0 0 0 , 0 0 0
C on trols th rou g h s to ck o w n e d . . 9 ,2 2 9
4 ,5 1 9
5 0 ,0 0 0 0 0 0
C ollieries 5 4 . d a ily c a p a c it y a b o u t 8 0 ,0 0 0 ton s. (V . 6 2 , p . 3 0 4 .) T h «
Mu t lion C o a l C o. (ch a rte re d In 1896) s to ck Is o w n e d am i its $ 2 0 0 0 ,s ,©
0 0 0 first, m o r tg a g e f>s a lso o w n e d a r e gu a ra n teed - see V. 0 4 , p. 1 3 7 , j
1000 D ela n o L and C o. w as m erg ed In Leh. Val. Goal Go. V. 71, p. 287
T h e C oal Go. s h ip p e d from " c o llie r ie s o w n e d 3,7 5 8 ,8 8 1 te n s iu
1 9 0 0 0 1 , a g a in s t 2 ,8 ..3 ,1 3 0 ton s In 1 8 9 0 -0 0 ; to ta l c o a l to n n a g e In 1900-
01 was 0,673,136.
D i v id e n d s .- ,
'8 0 . ’ 87. ’ 88. ’ 89. ’ 00. *91. ’9 2 ’ 93. n o n e
S in c e 'S B . P . Ot. (
4
4 ' fl r,
5
5
ft
r.ti 4
s in c e
B o n d s . -T h e $ 1 .5 ,0 0 0 ,0 0 0 m ortga g e a n d rot. tru st re o f 18 97 w ere a u
th o rize d lo p r o v id e Tor H eatin g field, an d rnr fu tu re I m p r o v e m e n t s ,
$ 7 ,0 0 0 ,0 0 0 (w h ic h m a y b e a r a lo w e r ra te or In lero I, than ft p e r c e n t)’
h» lu g re se rv e d for Im p ro v e m e n ts o r a c q u is itio n o f s to c k s o r b o n d s o f
o th e r c o m p a n ie s a t $ 1 ,0 0 0 ,0 0 0 n y ea r a fte r 1900. T h o m o r tg a g e
c o v e r s 791 09 m iles o f sin g le tr a c k , In clu d in g b r a n c h e s am i s id in g s
real esta te In P h ila d elp h ia , an d a lso s t o c k s an d h an dsel* v a riou s e m u ’
p a n ics. L eh igh V a lley b o n d s With lion prior to th ese b o n d s m a y ho
e x te n d e d o r n ew p r io r lien b o n d s Issued, b u t n ot to In crea se the a g g r o -
i-
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RAILROAD
J uly , 1902.]
STOCKS
AND
BONDS
SI
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Dae.
Amount
When
Par
of
For explanation of column headings, &o., see notes o f
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Cent.
Whom.
Road. Bonds Value.
Dividend.
on first page o f tables.
RAILROADS.
L eh ig h V a lley—(Ooncluaed)—
Morris Canal stock, 4% guaranteed 999 years—
Preferred stock, 10 p. o., guar. 999 years..........
L.V.Coal C o.lst M.$12,000,000,g.s.f.,not dm.cNfer
Snow Shoe, 1st M., not g u a r .G F .......................r
Delano I /d 1st M., g., gu „ s. f. $30,000y’ly .G P
Car trusts, > $50,000 due each F. & A .................c*
golcLGP 5 $500,000, due $25,000 each F.&A ..
Equip, trusts, gold, due $200,000 y e a r ly .P e P ..
Do
gold, ser. “ D ” & “ E,” due $382,000 y’rly .
Lexingt. < East’ll—IstM ., g.,ext.ia’01,red.l02Ce.o*
£
General mort., gold............................................ C o.r
Little Kanawha—1st m ort., gold, $15,000 p. m .K .
Little JfiawD-St’k,eom.,gu.8 p.c.,99 yrs.,P.C.&St.L.
Renewal m ortgage....................................................c
New M. ($3 , 000 ,000 )—V. 72, p. 184, 241, 1080...
L. Rock & Hot S p .W est.-la t M., g., $1,140,000. s s t
Little Schuylkill Nav. RR. < Coal—Stock (rental gu.)
&
L o n g Is la n d —2dm ortgage.................................... o*
Consol, mortgage, gold, $5,000,000.Ce ...............
do
do
do
....................
General mortgage, gold C e..................................o'
MetropoL Ferry Co. 1st M., gold,red. at llO .C e .c”
L. I. RR, M. on ferry for $2,750,000, g old .C e..c*
Stewart Line M. of 1932 for $500,000, g old .C e..
Debenture ($1,500,000) gold, not subject to ca ll..
New York < Flushing 1st mortgage, assumed—
fe
B ’klyn & Montank 1st M., $250,000 are 6s.C e.o*
2d M., g., ass’ d, Bus. Sta. to Eastn. & b rs.C e.c'
Long Island City < Flushing 1st M., assumed, .o*
fe
Consol, mortgage gold, assumed.Ce................ c’
Unified M., $45,000,000, g. call 110 P s m ..„ C 4 r
....
. .. .
....
....
—
___
___
....
92
30
....
84
84
57
32
155
156
156
163
....
....
18
....
2
76
76
12
19
—
....
$100
....
100
1893 l,000& c
1880
500
1892
1,000
1895
1896
1899
’99-’01
1895
1895
1898
....
1882
1901
1899
....
1878
1881
1881
1888
1887
1892
1892
1894
1880
1881
1888
1881
1887
1899
1,000
1.000
1,000
1,000
1,000
l,000& c
1,000
50
1,000
1,000
1,000
50
100 &0
1,000
1,000
1,000
500 &c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
l.OOO&e
F. & A. Phil, office, 228 8.3d St.
4
$1,025,000
10
F. & A.
do
do
1,175,000
5
J. & J. N. Y. and Philadelphia.
11,514,000
Philadelphia.
367,000
5 g- J. & J.
do
do
1,102,000
5 g. J. & J.
5,000,000
F. & A. Phil.,Girard L.I.A.& Tr.
400,000
5 gdo
do
200,000
5 g. F. & A.
4kj g. J. & D Phila., Penn.Co.for Ins.
1.4'>0,000
2,974,000
4b) g. Various
Philadelphia.
850,000
5 g. J. & J. N. Y „ J. K. Tod & Co.
1,500,000 See text. F. & A. 1 p. ct. cash pd. Feb.,’02
(?)
5 g. J. & J.
825 Q,.— ./o Cinn.,Office, IstN at.Bk.
M
4,943,100
M. & N. N. Y., Bank of America.
1,500,000
5
1,417,000
do
do
312 F. & A.
1,140,000
4 g. J. & J. St. Louis and Phila.
2,487,850
5 g- J. & J. Phila., Of., 410 Walnut
268,703
7
F. & A. N.Y..U.S. Mort.&Tr.Co.
3,610,000
do
do
Q .-J .
5 g.
do
do
1,121,000
Q .-J .
4 g.
3,000,000
do
do
4 g. J. & D.
do
do
1,250,000
5 g. M. & N.
1,494,000
4ifig. M. & S.
do
do
do
do
332,000
4 g. J. & D.
do
do
a 1,135,000
5 g. J. & D.
M. & 8.
125,000
6
do
do
do
do
1,000,000 5 & 6 g. M. & S.
do
do
600,000
5 g. J. & D.
M. & N.
do
do
600,000
6
650,000
do
do
5 g. M. & N.
4 g. M. & S.
do
do
6,360,000
Aug., 1902,2%
Aug., 1902, 5%
Jan. 1, 1933
Jan. 1, 1910
Jan. 1, 1932
Feb., 1903-06
Feb., 1903-06
To June 1, ’ 09
1903 to 1910
July 1, 1911
Feb. 1, 1935
Jan. 1, 1948
June 9, ’02,21*
Nov. 2, 1912
Feb. 1, 1951
July 1. 1929
J ’ly ll,M 2 ,3 %
Aug. 1, 1918
July 1, 1931
July 1, 1931
June 1, 1938
Nov. 1, 1937
Mch. 1, 1922
June 1, 1932
June 1 1934
Mch. 1, 1920
Mch. 1, 1911
June 1, 1938
May 1, 1911
May 1. 1937
Mar. 1, 1949
was waived to Aug.
be paid
ate
or rate of
provided
Feb.
Aug
2
yearly
r 5 years,
for
consolidated
List of collateral pledged
gtiieprincipal sum inmortgage.interest of such bonds,except asto secure bondsand and. 51,p.asc.follow s:1 ,19p.01c., interestfothereafter tothen 3 p.mc.cash
yearly thereafter to maturity. Deferred deben
bonds was given
V. 65, p. 1114—see also V.
p. 187. The bonds 5 years
1
66
are subject to call at 1 07 ^ p. c.
G uabanties .—Easton <• Northern RR.—R oad from B elfa stto E aston
£
Pa., 8 milea; branch to Lehigh Valley RR. at South Easton, 4 m iles
Capital stock is $300,000. Lehigh Val. guarantees bonds. (V. 62, p .135.
Elmira Cortland, <. Northern EE.—This road, with the Oanastota
£
Northern, runs from Elmira to Canastota and Camden, N. Y ., 140
miles. The stock, $2,000,000 is owned—V. 62, p. 364,1177.
Lehigh Valley Railway Co. o f New York.—Owns Buffalo,N. Y ., to near
Sayre, Penn., 175 m. double track, and branches to Ithaca, Auburn,
etc., 110 m.; total, 285 m. Stock owned by Lehigh Val. EE. Mortgage
abstract V. 51, p. 114. (V. 65, p. 412, 1071.) Car trusts, $900,000.
LehighValley Terminal Railway. -Owns double-track road from South
Plainfield, N. J., to Jersey City, with about 125 acres at Jersey City and a
large water front there, etc.; its stock of $10,000,000 is owned b y LeValley RR. (V. 53, p. 640, 880.)
Middlesex Valley RR.—Naples to Geneva, N. Y ., 29 miles. Bonds due
1942, guaranteed, principal and interest (endorsed).—V. 62, p. 134.
Morris Canal. — Leased for 999 years and dividends guaranteed.
Bonds all owned by Lehigh Valley. 8 ee V. 50, p. 137.
Pennsylvania < New York Oanal <• Railroad.—Leased for 99 years
£
£
from December 1,1888, to Lehigh Valley, which has assumed its debt
and owns all its stock. Consol, mortgage bonds of 1888 are reserved to
take up prior bonds when due. The consols include $4,000,000 o f 5
per cents, $3,000,000 of 4s, $1,500,000 of 4 *28.—V. 62, p. 950.
Lehigh & New York EE.—Near East W averly to Fairhaven, on Lake
Ontario, 115 miles.—V. 61, p. 558, 7 50 ; V. 62, p. 134; V. 71, p. 1311.
Lehigh Valley Coal Co.—See “ Coal P roperty” above.
G e n e b a l F inances .— Real estate mortgages, $214,520. In May,
1900, sold to Drexel < Co., of Philadelphia, $3,000,000 4 ^ per cent
fe
car trusts, $300,000 to be retired yearly. V. 72, p. 141.
L atest RR. E ar n in g s . ) 1901-2..G ross,$25,511,269; net, $4,523,302
11 mos., July 1 to .May 31. j 1900-1. .Gross, 23,880,212; net, 4.278,336
For same i l mos. Lehigh Valley Coal Co. shows deficit from opera
tions of $532,007, against deficit of $547,488 in 1900-01.
A n n u al R e p o r t .— Fiscal year to end Juoe 30. The report for 1900
01 was given at length In V. 74, p. 203, 209. See also editorial, p. 175.
Year end. Nov. 30—
1901.
1900.
1899.
1898.
Earnings from coa l.$11.6-13,276 $9,413,472 $9,553,950 $8,436,392
Mlscel. freight........ 14,255,961
9,659,172
8,236,505
7,571,978
Passengers................. 3,635,061 2,959,378
2,760,401
2,718,859
Mall, express, e tc ...
1,109,234 1,017,260
1,019,645
1,015,310
T oU i gross........ $26,683,534 $23,049,282 $21,570,502 $19,742,538
Op. exps.finc.rentals 20,069,876 19,242,421 16,648,829 14,188,228
Net ea rn in g s.... $6,613,658
Other incom e...........
1,105,898
$3,806,861 $4,921,673 $5,554,310
1,055,785
1,117,728
1,244,945
T o ta l n e t In com e $ 7 ,7 1 9 ,5 5 6 $ 4 ,8 6 2 ,6 4 6 $ 6 ,0 3 9 ,4 0 1 $ 6 ,7 9 9 ,2 5 5
S tate t a x e s .................
$ 6 2 5 ,9 3 7
$ 6 3 2 ,8 0 6
$ 6 5 0 ,6 3 9
$ 3 6 0 ,0 0 0
BaL o f in t. a c c o u n t,
2 9 8 ,1 2 0
2 5 4 ,8 8 3
2 0 ,3 9 3
1 9 ,8 5 3
2 2 2 ,6 0 8
2 9 0 ,6 8 4
2 3 9 ,9 8 9
2 3 0 ,0 7 3
Loss M ot . C a n a l,e tc .
In t. and r e n ta ls ........
5 ,1 7 2 ,5 7 3
4 ,9 3 8 .3 7 0
4 ,8 2 4 ,2 7 0
4 ,8 4 4 ,1 6 6
Int. Leh, Val, C o a l.
8 2 5 ,7 0 0
8 2 5 ,7 0 0
8 2 7 ,3 0 4
8 3 1 ,0 5 8
T o ta l c h a r g e s ... $ 7 ,1 4 4 ,9 4 3 $ 6 ,9 4 0 ,4 4 3 $ 6 ,5 6 2 ,5 9 5 $ 6 ,3 2 5 ,1 5 4
B a la n c e ....................... s r .$ 5 7 4 ,6 1 2 d f.$ 2 ,0 7 7 ,7 9 7 d f .$ 5 2 3 ,1 9 4 s r .$ 4 7 4 ,l 04
Sm all n et resu lts are e x p la in e d b y la r g e e x p e n d itu r e s fo r a d d itio n s
an d b etterm en ts - $ 1,8 84,90 7 In 1901, a g a in st $ 1 ,3 3 1 ,2 7 1 in 1 9 00 an d
$ 1 ,5 2 9 ,8 8 4 In i 8 9 9 —besid* „ la rg e o u tla y s fo r e q u ip m e n t in both yours.
T h e r e p o r t fo r 1901 as a b o v e floes n o t In clu d e th e c o a l p r o p e r tie s ,
to r the im p r o v e m e n t o f w h ich $ 3 7 2 ,7 0 0 w a s e x p e n d e d in th e yea r,
and on w h ose o p e r a tio n s , e t c ., th ere w as a d e fic it o f $ 4 9 1 ,5 7 7 .
O th er In com e a* a b o v e in 19 01 ($ 1 ,1 0 5 ,8 9 8 ) in c lu d e s d iv id e n d s on
sto rk * o w n e d , $ 3 5 3 ,7 2 6 ; In terest on m o r tg a g e s , $ 4 1 ,7 8 1 ; su n d rie s,
$ 9 4 ,3 2 0 , and in te re st ori b o n d s , $ 6 1 6 ,1 2 0 , th e b o n d s e m b r a c in g :
*1,400,000 !,< h. Val. r.,mi Co,, ISOU; JO,C00,000 Loh. Vat. Coal Co.. IS!)7; 12,000,OOOrtchtiCkiil 4 I.ehlgh Valley Rit., 11,822,000 Hazleton Coal Cr,., *000,000 Mor
id* Canal A Banking Co.. Wil.fKX)
Son thorn lilt. Co.. $UM,OQ0 Mid
die* ex Valley HR. C'i„ t.'„v.,fioo Green villa & H udson Iir. Co.. fttMJHwl Coal
■
Rtflgi!
. ACfial Co.
Pres. (J a n ., 1 9 0 1 1, A lfred W a lte r; T r e e s ., W . G. Aldrvruon; S e c r e ta r y ,
i oh i, R. Fan *ha w e, 2 2 8 do. T h ird S t., J’ h iia. E x eou M v o C orn .; C h air
m an, Khan B. ThOftm*; G e o . V . lin k er, E. T H totesb u ry, C h a rle s S teele,
H. M eK . T w o r n b l a m i A lfr e d W a lter.
iHrsotora Alfred Walter. Kd ward T . Htotesbury JoM gh VVharlon. Rnauvnaic
Boris, Charles ate.ile, Irving A. Sii'iirri*. Aliram Nesbitt. II. MeK. Twotobljr,
Kbsn fi. Thomas, Georgs V. Baker, .1. Hogcra Maxwell, George E, User a no
K obe <% U pp m -'
- ( V , 73, p, 138, 3 9 1 .0 6 3 , 12 07 ; V. 7 4 , p. 1 18, 2 0 3 , 2 0 9 , 8 6 3 )
L e x i n g t o n A K m s t e r n It y . — O w n s fro m L e x in g to n , K y., to J a c k *on , K y .. a b o u t 9 2 m iles, ftp s rates O hio A K e n t u c k y iiy ., J a c k s o n ,
K y „ to oa n n el coa l fields In M organ (jo ,, o v e r 2 0 m iles, s in c e b ite In
O c t , 1901.
C apital s to c k , $ 5 0 0 ,0 0 0 ; p a r, $ 1 0 0 . R e o r g a n is e d w ith
o u t fo r e clo s u r e in 1001 p e r plat, v . 73, p. 6 0 3
B on u s — tin d er the re o rg a n iz a tio n In 1 0 0) the first m o r tg a g e 5s
• v i
'’ red J a n . 1, 1900) w ore e x te n d e d a t sam e ra te o f In terest
to Ju ly 1, 1911, th e c o m p a n y h a v in g th e righ t to c a ll and re d e e m all o r
any o f them a t 102 an d in terest. Ail in te r e s t o n th e g e n e r a l m o r tg a g e
tures will be Issued from time to time for the balance o f the interest
not paid in cash on the general mortgage bonds accruing after A ug. 1,
1901, snob debentures ($375,000 eventually) being payable without
interest whenever the com pany shall decide, either in cash or general
m ortgage bonds, but to become payable immediately in c me any d ivi
dend is declared on the stock. Loans payable June 30,1900, $23,938.
E a r n in g s .— 11 months, J 1901-2......... Gross, $384,983; net, $151,514
July 1 to May 31,
(1 9 0 0 -1 ....... Gross, 323,663; net, 125,010
Y ear ending June 30,1901, gross, $357,881; net, $136,844; other
incom e, $1,397; interest, $50,000. taxes, $6,000; rentals, etc., $24,437;
bal., sur., $57,804. President, R obert E. Tod, N. Y .—(V. 74, p. 94.)
L ittle F a lls Ac D o lg e v ille R R . —V. 72, p. 1188; V. 7 4 ,p. 577,1252
L ittle K a n a w h a R R . —Parkersburg, W. Va., to Palestine, 30
miles, thence by steamer, 20 miles, to Creston; total, 52 miles. Line
operated from May, 1898. Stock, $2,000,000 authorized; issued $426,000. In April, 1902, a syndicate representing the Gould interests had
acquired the road and was building to a connection with it at Parkers
burg See W. Va. & Pitts, item, V. 74, p. 777. J. T. hlair, Prest., Par
kersburg, W. Va.—(V. 72, p. 776; V. 73, p. 1061, 1112.)
L ittle M ia m i R R . —Owns Cincinnati, O., to Springfield, O., 8*
miles branch, Xenia, O., to Dayton, O., 16 m iles; leases, Columbus &
X eniaR R ., Xenia, O., to Columbus, O.. 55 miles: Dayton & West. RR.,
Dayton, O., to Ind. 8 tate Line, 38 m.; Cin. St. Con.RR., 2 m.; tot. 195 m.
L e a s e .—On Deo. 1, 1869, leased to Pittsburg Cincinnati & St. Louis
(now Pittsburg Cincinnati Chicago & St. Louis) for ninety-nine years
renewable forever. The Penn. RR. Co. is a party to the oontraot and
guarantees its faithful execution. Rental is 8 per cent on $4,943,100
stock and interest on debt. Lessee's report for this road shows
net loss to lessee: In 1897, $230,645; in 1898, $222,225; in 1899,
profit, $54,725; in 1900, $65,989. Stook authorized, $8,000,000. B e
ginning Deo., 1899, 15 per cent extra has been paid each Deo. and June
from the surplus invested fund, making dividend 8 % per cent yearly.
- ( V . 70, p. 230; V. 72, p. 44, 184, 241, 1080; V. 74, p. 427.)
L ittle R o c k < H o t Springs' W e s t e r n R R . —Little Rook,
fc
Ark., at a connection with the Choctaw Oklahoma & Gulf, to Hot
Springs, 57 miles ; opened April, 1900. Organized in 1899, and com
pleted the partially constructed Little Rock H ot Springs & Texas RR.,
sold In foreclosure on Jan. 4, 1899. V. 68 , p. 85; V. 69, p. 283. The
Chootaw Oklahoma & Gulf on Sept. 29, 1901, took over the portion
from Little Rock to Benton, 27 miles, under lease.—V. 73, p. 722.
Stock, $1,140,000, all acquired In 1901 by the Missouri Pacific Ry.
V. 7 4 , p . 574. Coupons, Including July, 1900, were d ipped. For year
ending June 30.1901, gross, $158,528; net, $60,863; total deductions,
$ 7 7 ,3 /0 ; bal., def., $16,507.—(V. 70, p. 791.)
L ittle S c tin y lk ill N a v ig a tio n R R . Ac C o a l.—Owns from P ort
Clinton to Tamanend and Roevesdale, 3 2 miles. Re-leased on Deo.
1, 18 96 , to P h ila . & Read. R y . fo r 9 9 9 y e a r s , and rental r e d u c e d from
7 p. c. o n s t o c k to 5 p. o., g o ld fr o m J a n . 1, 1 8 9 7 ; in 1.898, 5 'a p. o.; in
1 8 9 9 , J a n ., 2 ^ p . C ; J u ly , 3 p. o.; in 1 9 0 0 , 5 p. c.; in '0 1 , J a n ., 3 p. o .;
J u ly , 24) p. o.; 1 9 0 2 , Jan., 2 4 ) p . o ; J u ly , 3 p c. L e s s e e p a y s ta x e s
a n d o r g a n iz a tio n e x p e n s e s . B o n d s issu ed a r e d e p o s it e d as s e o u r ity
fo r R e a d in g C o a l & I r o n b o n d s — (V . 7 3 , p . 5 5 4 .)
L o g a n m p o r t Ac T o l e d o R y . —L o g a n s p o r t, I n d ., t o B u tle r . I n d .,
94 m iles
S u c c e s s o r on S ep t. 12, 1901, to E e l R iv e r R R „ s o ld u n d e r
o r d e r o f C o u r t an d p u rc h a s e d In th e In te r e s t o f th e P e n n s y lv a n ia R R .,
a n d o p e r a t e d from J a n . 1, 1 9 0 2 , as a p a r t o f th e V a n d a lla s y s te m
In
J u iy, 19 0 2 , th e d e ta ils o f th e n o w s e c u ritie s h ad n ot b e e n d e c id e d u p o n .
S to ck , $ (1). (V . 7 3 . p. 5 5 3 , 10 10 ; V. 7 4 , p, 4 1 .)
L o n g I s l a n d R l t . —O p e ra te s all th e steam s u r fa c e r o a d s o n L o n g
Is la n d , a d jo in in g N ew Y ork C ity , th e sy stem ln d u d lm t :
O w n*—
M ile s .
L ea ses(U W h ich see.) M ile s .
I ,o n g Isla n d C ity to G reen p o rt, 94 N. Y . A. R ook a w n y B ea ch Hy .1I 12
L on g Is la n d C ity to G t. N eck ... 14 M o u ta u k E x t. & N. Y'. B a y E x t- 27
B u sliw lo k t o Hag H a r b o r ............ 90 N vw Y o rk A H o o k a w a y ..............
5
S u n d ry b r a n c h e s ........................... 80 N. Y . B ’ ld y n At M an. B e a c h 11.. 19
G rit N ook A P o r t W a s h in g to n .
4
T o ta l o w n e d ............................... 2 8 4
L e a s e s
-
B r o o k ly n A J a m a ic a H it ___ . . . 1 !
T o ta l J u n e 3 0 , 1 9 0 1 . . . . . . . . 3 8 0
N orth S h ore B ran ch H R ............. 3 0 Dontdo track ...........................108
O r g a n i z a t i o n .- In M a y , 10 00 , a m a jo r it y o f the sto ck w a s p u rch a se d
by th e P e n n s y lv a n ia Kit, -V. 70, j>. 8 9 1 . 9 4 6 , 9 9 6 , 1 149; V. 71. i>. 9 1 4 ;
V. 7 2 , p . 4 8 0 , 4 9 1 . D e cis io n as to r ig h t o f w a y , V. 7 8 , p. 3 2 ; V. 7 4 , it.
1 196.
St o c k . —$ 1 2 ,0 0 0 ,0 0 0 ; p a r, $ 5 0 ; o f w h ich P en n .H it, o w n s $ 0 ,7 9 7 ,9 0 0 .
D i v i d e n d s . ( 1 8 8 2 . '8 3 to '9 0 . ’ 9 1 , *92. ’ 93. ’ 9 4 . '9 5 . ’ 90. N on e
P e r c e n t,
(
1
4 y e a r ly 4 4i
5
5
4'<t 4
4 sin ce .
B on d s , -T h e f e r r u m o r tg a g e fo r $ 2 ,7 5 0 ,0 0 0 c o v e r s all th e real and p er
Mina! p r o p e rty p e r ta in in g to th e c o m p a n y 's fe r rie s (84t.b Street, anil
J a m es S lip ); $ 1 ,2 5 0 ,0 0 0 b o n d s b e in g reserv ed to re tire the M e tr o p o lita n
F erry O r . A h to debent u r e s see p a g e 2 o f S t 'r l’ l.K.MKNT o f A p r il. 18 95 .
T h e u n ifie d m o r tg a g e ( 0 . M M ortgage At. T r u s t C o., N. Y ., tru stee,) Is
.
for $ 1 5 ,0 0 0 ,0 0 0 , se cu re d b y a Hen u p on th e e n tir e p r o p e r t y , $ 2 8 ,0 0 0 , 0 0 0 b e in g r e s e r v e d to r e tir e all p r io r lien s, $ 8 ,5 0 0 ,0 0 0 fo r c h a n g e
o f m o tiv e p o w e r to e le c t r ic it y o r o th e r p o w e r , If d eem ed a d v is a b le ,
INVESTORS* SUPPLEMENT.
[V ol. L X X V .
R AILRO AD S.
INTEREST OR DIVIDEN DS.
Miles Date Size, or
Bonds—P rin ci
Am ount
Par
of
F or explanation o f colum n headings, Ac., see notes of
Rate per When Where Payable, and by pal,^When Due.
Road. Bonds Yalue. Outstanding
on first page o f tables.
Cent. Payable
Whom.
jS^fcs-LastDiv.
L o n g I s la n d — {Co'ncl.)— L e a s e d L i n e s , P r in c e p a L OR I
L .l. RR. N .Sh.Br.eons.M .$l,500,000,gu.p. <fei.Ce c*
30
N. Y . B. A Man. B .ls tc o n . M.$1,726,000 g .,g u .C e
19
N. Y . A R ock. B., 1st M. $984,000, gu. p. A L C e . . . . .
6
N. Y. B ay E xtension, $70 0,0 0 0,1 st M., gu. p. A i.
Montank E xtens’ n, $600,000, IstM ., gu. p A i.C e
21
P. P. & C. I., 1st and 2d, ($96,000 2ds) gu. p. & i.
10
Lou. & A '/ k an .—D tM ., $7,000,000 auth., g. T ext
125
L ou isia n a d Northwest R R —First m ort., g o ld ___
b
36
45
L a. S ou W n — 1st M., g., red. at 105 after 1902 Ce c
Louisiana Western—1st m ortgage, g o ld .......... C e c v 1 1 2
Louisv & A tlantic—1st m ort., gold, $1,000,000 K
68
Louisville B ridge Co.—Stock........................................
Louis. E . < St. L .—1st m ort., $2,500,000, g o ld .M o 165
&
Louisv.db J eff.B r.C o—$5,000,000,g.gu. p.Ai.,end.c* . . . .
L o u is v ille & N a sh v ille—Stock, $60,000,000....... . . . . .
83
Mem. Clarks. & L. 1st M., £ (to be paid Aug. 1)
46
Cecil. B r.1 stM.,Cecil, to Louis.,s. f .,dr. at 100. U n o’
E .H .A N .lstM ., H end.toN ash., g, dr’n a tllO .C e .o * 151
Louis. & Nash, gen’l M., gold, drawn at llO .C e.c* 802
L. C. A L ex. 2d m. s. f . n ot dr’n, Louis.to N ew p’t.c' 175
Gen. mort. L. C. A L., gold (form erly 6 s),M o .c* 175
L. A N. bd s.,S .A N . Ala. R R .,2 d M . as col. g.ITn.c* 189
45
Pensacola D iv., 1st M., gold (dr’n at 1 0 5 ).F ..c *
N. O. & Mob. Div. 1st M., N.O. to Mobile, g. F .c* 141
2d m ortgage, gold .............................................*e 141
Sontheast’n A St. Louis Div. 1st m ort., g o ld ....c * 208
2d M., gold, East St. L. to Evansville A b r — c* 208
1st M. (50-year 5s), $15,000 p. m., g o l d .U s ...c A 118
1st m ort., collateral trust ($7,000,000) g old .-F c* . . . .
Unified m ortgage for $75,000,000, gold.ce.c*<fci Text.
....
Coll, trust, call at par in 5 years., g*a $ ............ c'
a In hands o f public: total issued shown in left hand
NTERE
st
G u a r ANTEED.
1892 $ 1 ,0 0 0
1885
1 ,0 0 0
1887
1 ,0 0 0
1893
1895
’86-’ 9J 1 ,0 0 0
1 ,0 0 0
....
1 ,0 0 0
1895
1897
500
1881
1 ,0 0 0
1901
1 ,0 0 0
a 1 0 0 ,0 0 0
a 315,000
436,000
See text.
1 0 0 ,0 0 0
100
1896
1895
....
1872
1877
1879
1880
1877
1881
1880
1880
1880
1880
1881
1881
1887
1888
1890
1898
eolum
250,000
2,240,000
500,000
1,500,000
500
2 ,2 0 0 ,0 0 0
1 ,0 0 0
100
£200
$ 1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 0 0 A c.
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0 Ac*
1 ,0 0 0
3,000,000
60,000,000
c l , 994,660
325,000
1,840,000
8,911,000
892,000
3,258,000
d l , 926,000
e544,000
5,000,000
1 ,0 0 0 ,0 0 0
3,500,000
3,000,000
f l , 749,000
g 4 ,940,000
630,095,000
li $6,919,000
u; balan ce under uni
$4,500,000 fo r other im provem ents, and the $4,000,000 rem aining,
with any unused balance, tor perm anent im provem ents and additions
at n ot exceeding $400,000 per annum. Bonds are subject to call at
110 in w hole or in part on any interest day.—V. 68, p. 618. B ills p ay
able Feb. 28,1902. $ 60 ,00 0 ; rnorts on real estate, $448,737.
G u a r a n t ie s .— m addition to guaranteed b o rd s in table above guar
antees 5 p. c. on $650,000 New Y ork B rooklyn < Manhattan Beach
fc
preferred stock as part re n ta l; also 4*2 p. c. on $50,000 P. P. & So. Br.
stock, and 4*2 p. c. on $82,500 of the N. Y. & Coney Island stock.
F in a n c e s .—L. I. R R . Terminal Co. incor. in 1899. See Y . 70, p. 89.
In D ec., 1901, the A tlan tic A venue (B rooklyn) im provem ent was
begun, the total cost o f the w ork being estimated as about $2,500,000 , o f which one-half w ill be borne by the city. See V. 72, p 72 ‘ ;
V. 64, p. 469; V. 65, p. 512; V. 66, p. 471; Y . 73, p. 6 1 3 ,1 0 1 1 , 1207; V.
75, p. 135.
In Julv, 1902, contracts w ere let fo r the extension o f Rapid Transit
tunnel [being constructed b y city] from M anhattan under the East
R iver and thence to the Flatbush A venue Station, Bro< klyn. On
A pr. 21, IP02, the Pennsylvania f ew York & L on g Island RR. was in
corporated with $20,000,000 stock, to construct and operate b y e lec
tricity an underground tunnel railroad as an extension o f the Pennsyl
vania RR. system from Jersey City, and thence under the H udson
Riv er to a central passenger station at 33d Street and 7th to 10th ave
nues, and also under the East R iver to a connection with the Long
Island R R . New Y ork Connecting R R ., seeV . 74, p. 830.
L a t e s t E a r n in g s .—July 1 to M arch 31, 9 mos. System, 391 miles.
9 mo*.
Gross
Net.
Other In c.
Charges.
Balance.
1901-2.
$4,2 r 6,492 $1,222,806 $219,398 $1,222,988 sr.$219,217
1900-1. . 3 717,701
981,818
165,052 1,203,536
df.56,665
A n n u a l R e p o r t .— R eport for 1900-01 was in Y. 73, p. 612.
1898.
1900.
1899.
Year ending June 3 0 — 1 9 0 1 .
Gross e a r n in g s .............. $ 4 ,8 6 2 ,3 4 7 $4,557,259 $4,622,475 $4,333,194
2,989,373
3,276,073
3,311,370
O p e r a tin g e x p e n s e s . . 3 ,5 1 6 ,7 0 5
$ 1 ,2 8 1 ,1 8 6 $1,311,105 $1,343,821
$1,631,552 $1,557,098 $1,473,103 $1,473,690
638,629
624,096
837,2^0
837,280
205,865
232,084
202,957
258,700
322,800
322,800
312,800
322,800
72,521
73,177
16,962
5,440
100,000
.
195,809
N e t e a r n in g s .......... $ 1 ,3 4 5 ,6 4 2
Total n e t.............. .
Interest on bonds
T a xes.....................
R entals................. .
M iscellaneous—
R eserve fun d.......
$1,425,000
a l , 601,000
a 883,000
B alan ce..................................... sur.$59,494sur.$250,073sur$243,875
President, W. H. Baldw in Jr. Treasurer is R obert W. Smith, Broad
Street Station, Philadelphia.—(V. 74, p. 11196, 1252; V. 75, p. 29, 135.)
L o a A n g e l e s T e r m . R y . —See San P ed io Los A ng. & Salt Lake R y.
5 gQ . - J.
5 g. A. A O.
5 g. M. A S.
5
J. A J.
5
J. A J.
4*2 Semi-an
5 g.
5 g. J. A J.
5 g. M. A s.
6 g. J. A J.
5 g. M. A N.
See text. F. A A.
5 g. J. A J.
4 g. M. A S.
5 in 1902 F. A A
6 g. F. A A.
7
M. A S.
6 g. J. A D.
6 g. J. A D.
7
A. A O.
4*2 g. M. A N.
6 g- A. A O.
6 g. M. A S.
6 g. J. A J.
6 g. J. A J.
6 g. M. A s.
3 g. M. A s.
5 g. M. A N.
5 g. M. A N.
4 g. j . A J.
4 g. A. A O.
fied mort!. b c.
N. Y ., U. S. M ort.ATr.Co.
do
do
do
do
do
do
do
do
do
do
N. Y ., Fisk & R obir son.
N .Y., Boody, M cL.AC o.
N. Y ., R.W inthrop A Co.
N.Y., S. Pac.Co., 23 B ’rd
N. Y ., K nick. Trust Co.
Louisville, Ky.
N. Y .,B k .of Am. A Louis.
N .Y., J.P. M organ & Co.
N. Y., 120 Broadway.
London and New York.
N. Y., 120 Broadw ay,
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 , e, f, g;, see fo o t note
Oct. 1, 1932
Oct. 1, 11 35
Sept. 1, 1927
Jan. 1, 1943
Jan. 1, 1945
1926-1931
See text.
Jan. 1, 1945
Mar. 1, 1950
July 1, 1921
May 1, 1941
See text.
Jan., 1946
Mch. 1, 1945
A ug.11,’0 2 ,2 ^
Aug. 1, 1902
Mch. 1, 1907
Dec. 1, 1919
June 1, 1930
Oct. 1, 1907
Nov. 1, 1931
Apr. 1, 1910
Mch. 1, 1920
Jan. 1, 1930
Jan. 1, 1930
Mch. 1, 1921
Mch. 1, 1980
May 1, 1937
Nov. 1, 1931
July 1, 1940
Apr. 1, 1918
on n ext page*
L o u is ia n a W e s t e r n R R .—{See Map o f Southern Pacific.)—Owns
from Lafayette, La., to Orange, Tex, 112 m iles; branches (2), 35 miles ;
total, 147 miles. Operated independently, but in con n ection with
Southern Pacific Co. system , which ow ns all the $3,360,000 stock.
E a r n in g s .— 11 m on th s,) 1901-2___Gross, $1,781,790; net, $787,760
July 1 to May 31.
5 1900-1 .„ .G r o s s , 1,541,807; net, 653,626
In year ending June 30, 1901, gross, $1,64 6,730; net, including other
incom e, $742,654; surp. over charges, $366,925; am ount o f net profit
due this com pany as per lease, $394,513.— V. 74, p. 268.
L o u is v ille A A t. R R . —Versailles, K y., to M iller’s Creek, 68 miles.
In corp ora ted in J u ly 1899, as successor of the Richm ond N icholasville Irvin e A B eattyville R R .; sold under foreclosu re M ay 1, 1899.
V. 71, p. 236. E xtension from M iller’s Creek to Beattyville, 28 miles, to
be com pleted about July 1 ,1 9 0 2 , and to be extended later 55 miles ad
ditional to a connection with N orfolk A Western. Stock, $1,000,000;
par $100. Bonds, see table.
Year ending June 30, 1901, gross,
$131,860; net, $50,436; interest, $27,185; taxes, $ 3,1 00 ; discount on
bonds, $75,000; balance, def., $54,850. President, James P. Am sden ;
Secretary, E. M. W allace. Office, Versailles, Ky.—( V. 71, p. 236.)
L o u is v ille B r id g e C o .—Owns bridge 5,294 feet long over Ohio
R iver at Louisville, K y., and about 2 miles track additional in Louis
ville. Used b y several railroads, P. C. C. A St. L. R y., Louis. & Nash
ville, etc. Surplus earnings are paid back to roads using bridge.
St o c k is $1,500,000 ; Penn. Co. ow ned Jan. 1, 1902, $900,700. D iv
idends, 1896, 6 12 p. 0.; 1897, 7 p. o.; in 1898. 6 p. c.; in 1899, Feb., 3
p. 0. In June, 1900, the Court d ecided that the m in ority stockholders
w ere entitled to 8 per cent dividends since 1877, but an appeal w ill be
taken. (Y. 71, p. 84.) In July, 1900, paid 8 p. c. dividend for the first
half o f 1900 and last h alf o f 1899; May 15, 1 9 0 1 .3 p. 0.; O ct 10,
3 p. c.—Y. 73, p. 957. In year 1901. gross, $278,673; net, $171,740;
taxes, $61,250. In 1900, gross, $243,286; net, $155,775.—(V. 74, p. 481.)
L o u is v ille E v a n s v ille A St. L o u is R R . —See Southern Ry.
L o u is v ille H e n d e r s o n A St. L o u is R y . —R o a d .—L ouisville
to H enderson K y., 142 miles, of w hich W est P oint to Louisville, K y.,
21 miles, is tra ck a g e ; ow ns also Irvington to Fordsville, K y., 44 m iles.
H is t o r y ,—A reorganization June 1, 1896 (per plan in V. 62, p. 138) t
o f the Lou isville St. Louis A Texas, sold in foreclosure.
S e c u r it ie s .—The stock is to be held b y John J. M cCook, B rayton
Ives and Oscar Fenley, fo r ten years, in a votin g trust, unless earlier
term inated by unanimous v o te of trustees. See terms Y. 62, p. 138.
Of the bonds $300,000 are reserved to build to Louisville.
E a r n i n g s — 10 months, J 1 9 0 1 -2 ........ G ross, $ 5 7 7 ,5 3 8 ; n e t, $ 1 4 8 ,1 8 1
July 1 to A p ril 30.
\ 1900-1........ Gross, 556,978; net, 174}3 o l
For year ending June 3 0 ,1 9 0 1 , gross, $668,4S4; net, $155,517; in
terest, $105,926; taxes, $16,000; balance, surplus, $33,511. In 1899-0,
gross, $630,354: net, $163,816.—(Y. 71, p. 1 1 6 5 ; V. 73, p. 4 4 2 .)
L o u is v ille A J e ffe r s o n v ille B r id g e C o .—One-half m ile long
and the approaches on e mile; opened for all business Jan. 1 ,18 96 . The
com pany also owns about 40 acres o f land in Louisville and 100 acre®
in Jeffersonville. The B ig Four and Chesapeake A Ohio use the
bridge. Capital stock is $1,425,000; par, $100.
B o n d s .— The m ortgage o f 1895 is for $5,000,000 (trustee U. S. Trust
Co. o f N. Y. and Union Trust Co. o f Indianapolis); bonds for $2,000,000
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 in
terest the entire stock is owned. See V. 61, p. 559. In July, 1899,
earnings sufficed to m eet both expenses and charges.—(V. 62, p. 84.)
L o u is v ille A N a s h v ille R R . —(See M ap .)—R o a d .—Operates main
line from Cincinnati. O., to New Orleans, La., 921 miles, with branches
to St. Louis, M o.,M em phis, Tenn., etc., 2,352 miles, m aking total sys
tem proper June 31, 1901, 3,273 miles. The system includes :
Lines owned absolutely or
Reported separately.
Miles.
through capital stock.........Miles.
1]Nashville Chatt. & St. L® uls..942
Louisville to N ashville........... 185 ff Georgia Railroad system ....... 624
Sundry other lin e s .................. 2,859 Operated for other go ’ s ............... 6 2
Lines leased, <£c.
Owned but leased to other oo’s. 71
USouth & North Ala. R R ....... 189 Do. Paducah A Mem. D iv ........ 254
ff Henderson B rid g e ................
10 Birm. South (half st’k ow n e d ). 67
Other lin es.................................
30 Birin. Selma A New O rlea n s... 31
i L o i d ^ a u a A A r k a n s a s R y . —('Nee M a p . —Stamps, A rk., to
W innfield, La , 125 miles. E xtension undei con traction northerly from
Stamps to H ope, 23 m iles,to be finished N ov., 19« 2; aiso proposed
southerly from W innfleldto A lexandria, 55 miles, easterly from Winnfleld to Natchez, Miss., 89 m iles.
a ,
In corp orated in A rkansas June 1 0 ,1 9 0 2 , to exten d the ch artor of
the Louisiana & A ikansas R a ilroa d , all o f the p rop erty o f which was
taken over. V. 75, p. 135.
Se c u r itie s . - S tock , $1,750,000, shares par. $100, to be deposited
w ith the Standard Trust Co. o f New Y o ik under a v otin g trust fo r VO
yearp. Four dividends ra id at irregu lar Intervals by the railroad in
1900 and 1901; in June, 1 90 2,7 p.c. declared. Present bonded debt o f
the railroad, $900,000 at 6 p. e., is to be paid ( ff, and a n e w issue o f
$1 50< 000 of 5 p. c. 25-Tear 1 onds of the railw ay is to 1 e put on the
p roperty about Sept., 1902, for refunding, betterm ents, equipm ent
and extensions; total authorized issue, $7,000,000, o f w hich $1,000,000 reserved fo r bridges across B lack and R ed rivers, and the balance
lim ited to $20,0< 0 per m ile o f com pleted rai road. The entire am ount
outstanding, but no part, w ill be subject to redem ption at 1 1 0 after
Sept. 1 1907. Beginning with 1907 a sinking fund o f $55,000 per an
num to’buy b on d sa t 1lO oru n d er, or, failin g purchases, m ay be invested
in savings bank s e c unites.
L atest E a r n h gs .—5 m os January-M ay, 1902: C ross, $206,086; op
erating expen ses and taxes, $118.12*-; net, $87,958. Calendar years
Total system proper
Total o f all June 30, ’01..5,324
3 ,2 7 3
1901 an t 1 9 0 0 :
ff See this com pany.
Year
Miles. Gross. O p ex.d taxes. Net.
Charges. Balanee.
In Feb., 1902, sold Cecilia Br., 46 miles, for $1,000,000.—V. 74, p. 326.
1901
.. 92 $ 4 0 4 ,8 -2 $255,235 $149,597 $24,268 $125,329
In O ctober, 1900, extension com pleted from Andalusia, Ala.,
190 0 ‘. ~
. 70
265,035
151,845
113,190
8,264
104,926
to Geneva, about 45 miles, and in A pr., 1902, being further ex
President, William Buchanan, Texarkana, A rk.—(V. 75, p. 235.)
tended to Marianna, 45 miles. In June, L 00, extension proposed from
L o u i s i a n a & N o r t h w e s t R R . —Owns M agnolia, A rk., to a point A ttalla to Oneonta, Ala., 35 miles, o f which 9 m. com pleted; also pro
8 m iles south of B ienville ; trackage, Magnolia, to MoNicl, 6 ^ miles;
posed to purchase 7 ^ miles o f graded road extending from Camden,
total 86*2 miles. E xtension from southerly terminus to N atchitoches, A la., southeast. V. 70, p. 1291. In A pril, 1902, acquired Birm. Selma
La 36 miles, is to be com pleted b y June 3 0 ,1 9 0 2 . Lease to J. D. A New Orleans R R .. 60 miles, and Shelby R R ., 19 m ; in Aug., 1 9 0 1 ,
Beardsley canceled. Stock, $3,000,000 authorized; issued Jan., 1896, Shelby ville Bloomfield A Ohio RR.. 26 m. V 73. p. 391; Y. 74, p. 1038.
$700 000 , par, $100. Loans and bills payable June 30, 1901, $*-6 6 ,I d A pr., 1902, acquired control o f the Atlanta K n oxville & Northern
530 Trustee o f first m ortgage bonds, P eople’s Trust Co., B rook Ry., K n oxville, Tenn., to Marietta, Ga., 205 miles, with 25-mile branch
lyn ’ N. Y. There are also 50-year gold consols at $7,500 per mile, and trackage to Atlanta, Ga., 20 miles, and was proposing to build a
all ow ned by com pany. Y ear ending June 30, 1901 (7 8 ^ miles), gross, con n ectin g line from Jellico, Tenn., to K n oxville, 65 miles, giving the
T
$122 999; net, $62,202; int.. taxes and rental, $ 1 4 ,6 9 f; bai., surplus, L. & N. a direct line between Cincinnati and Atlanta. - V. 74, p. 775.
$47,507. Gen. Man., J. D. Beardsley, Gibsland, La.—(V. 73, p. 957.)
O r g a n i z a t i o n , A C .— This com pany was chartered Maroh 2 , 1 8 5 0 , and
l opened between Louisville and Nashville November, 1859. The liabili^ L o u i s i a n a S o u t h e r n ^ R y . - S e e p a g e 175.]
3U8
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Clarksville
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STOCKS
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JULY, 1902. j
M AP
OF
THE
LOUISIANA & ARKANSAS RY.
A N D CO N N EC TIO N S.
I
Bav*>ii San*
X
Slaughter
Colm i'snoil
BATON ROUGE
Pbr; Alio!.
Buna'
De Q uincey
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INVESTORS’
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Seymour!
N. Vernon
\ /V /
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L /A
t. Carmel
Newton
Vandali
Altom
Grfceusburg'
Columbus
Sulliva:
ramont
Litchfield
Uardenne
[VOL. L X X V .
M
Hillsboro
Georgetown
Portsmouth.
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S/J Princeton,
^JHuntinb’g
Tamaroa
Grayson
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Crystal/Cy,
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PROVIDENCE
D elta
Taducai
Dexter
Poplar
Bluff
O
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J Ricjnand
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union Cy.
U Rives
Knobel.
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HUNTSVILL
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M A P OF T IIE
LOUISVILLE & NASHVILLE
RAILROAD SYSTEM.
RAILROAD
J u l y , 190 2. J
STOCKS
AND
83
RONDS
Bonus—B n neiIN TEREST OR DIVID EN DS.
Miles Date Size, or
pal,W hen Due.
A m ount
When
of
of
Pai
ayable
For explanation o f colum n headings, &c., see notes
Outstanding Rate per Payable W here PWhom. and by Stocks—Last
Road. Bonds Value.
Cent.
on first page o f tables.
Dividend.
r a il r o a d s
.
■e
e
C
O
JjOui8ville & N a s h v ille —(C oncluded)—
1891 $ 1 ,0 0 0
8t. Louis property, 1st M., gold, $ 6 5 0 ,0 0 0 .S S t.c
i7 9 1895
1 ,0 0 0
L. &N. and Mob. & M on t.join t b d s .,ls t M., g.Ce.c*
160 1881
Pens.&At. 1st M ..gold,s.f.,dr’n at 1 1 0 assum ed.c*
1 ,0 0 0
49 1876
1 ,0 0 0
Kentucky Central—M aysville & Lex. HR. m ort...
220 1887
1 ,0 0 0
New m ortgage ($7,000,000) g o l d .M p ..............o*
105 1887
1 ,0 0 0
Nashv. F lor.A Sheff., 1st M., g.,assu. in l9 0 0 .C e .c
£200
So.& N o.A la .,lst M., s.f., not dr’n, guar, by L.& N. 189 1873
189 1880 $ 1 ,0 0 0
2d M., gold, s.f., $2,000,000, (ow ned by L.& N.)
1.000
Consol, m ort. (for $10,000,000), g., gu ar.C e.c* 189 1886
1902 l,0 0 0 & c
L. & N.-So. jo in t M., $ lb ,500,000, red. a f.’ 07..e&r
Louisville New Alb tny <& Chicago. See C h ic a g o I n d i ANAJPO LIS & L
20
20
Lykens Valley—Stock. Rental pays 5 per cen t.......
97 1896
1,000
Macon & B irm ing.—l&X M., $500,000, g o ld .O R ...c
94 1901
1,000
Macon Dub. <•S a tn -ls t M ., $1,500,000 g.,red.at 110
£
....
100
M a in e C e n tr a l—
Stock and scrip i$ l 2 ,0 t 0 ,0 0 0 )...
1st consol, m ort., > ($269,500 5 s ) ...................... c&r \ 304 51872 100 &c.
c 1872 100 &e.
$9,000,000....... 5 ($3,265,500 4 s ) ................... c<fer
41 1883
1 ,0 0 0
Collateral trust bonds for Mt. D esert Branch A B e
1 ,0 0 0
Sinking fd. 10-20s, gold, old 6s, ext. Feb. 1 / 9 5 . . c .... 1885
.... 1886 1,000
Im provem ent b on d s,“ A ,’’ gold, not m ort., 8. f.N R
.... 1887 1,000
Do
do
“ B” cur., n ot m ort., s. f . B B
56 1893
1,000
Me. Cent. Eu. & No. Am. refunding m ort., g o ld ...
48 1890
1,000
1st M. P en obscot Shore Line R R. Co., assumed.
48 1891
1,000
K . < L. 2d m ortgage (for $400,000) a ss u m .B B
fe
....
100
European & N. A m . stock, 5 p. o. rental 999 years 120
....
100
Portland & Ogdens, stock (2 p. c. rental, 999 years) 109
1,000
Con. M., ($800,000 are 3 ^ s) gu p. < i.e n d .B B .c 109 1888
fe
.... 1887-9 1,000
P ortlan d U n . S tation M .,ser. “ A ” & “ B ” te x t s.f.
17
100
D exter < Piscataquis stock 5 p.c. rental 999years.
fe
17 1889
1,000
1st M., D exter to D o v e i, etc., guar, b y e n d .B B
b A lso $8,400,000 are p ledged to secure collat,l trust bonds of 1898
000, e $36,000
w ere ow n ed by the Co. on Jan., 1902, viz.; c $2,000,
ties fo r interest on the auxiliary roafis are treated m ostly as belonging
directly to the Louisville & Nashville Co. A list o f the securities owned
and in sinking fu n d June 3 0 ,1 9 0 1 , was in V. * 3, p. 727, 732.
7
In April. 1902, • P. Morgan & Co. consented to take over and control
).
for the benefit o f all concerned a m ajority o f the st ock, including the
shares purchased b y John W. Gates and associates, w hose opera
tions threatened a “ corner.” There w ill, it is stated, be no changed in
the m anagem ent. V. 74, p. 830, 1038.
St o c k .— Increase from $ 5,000.000 to $60,000,000 authorized in
1893.—V. 57, p. 596, 809. In A pril, 1902, the $5,000,000 stock w as
issued fo r A tlanta K n ox v ille & Nor. R y. and exten sion . See above.
D rv.— > ,83-,87. >88. ’ 89. ’ 90. ’91. ’ 92. ’ 93. ’94-’98. ’ 99. 1900. ’01. ’ 02.
P. c. \ None. 5stk. 5stk. 6
5
4
4
None. 3 ^
4
5
5
In 1890, of the 6 p. c. paid, 49*0 P- c. w as in stock.
B onds .—The Evansv. S en d er. < Nashv. bonds are draw n at 110 b y lot
&
annually in O ctober, for paym ent D ec. 1 in amounts increasing each
five years until $150,000 per year is finally reached ; in 1901, $55,000.
The Pensacola D ivision bonds are subject to a drawing sinking fund
$5,000 till 1900, inclusive, then $10,000, and so increasing.
The general mortgage bonds o f 1880 are called at 110 in in creasing
amounts each year; $310,000 v ere paid June 1 ,1 9 0 2 .—V. 74, p. 680.
In June, 1890, the “ xm iiied ” mortgage (trustee, Central Trust Com
pany) for $75,000,000 was authorized, $41,917,660 bonds being re
served to retire all prior liens (none o f the prior liens can be extended),
the balance fo r im provem ents, extensions (at the rate o f $32,000 per
m ile, including equipm ent), and for other purposes. The m ortgage c o v
ers (besides 1,292 miles o f road and its equipment) $25,992,535 stock
of com panies controlled, and $3,150,000 bonds free from an* lien. See
abstract o f m ortgage in V. 51, p. 613; also V. 72, p. 1< 34, 1188. In
M ar , 1902, com pany reported $41,164,000 issued, o f which $3,488,000
in the treasury. T otal listed on N. Y. Stock E xch an ge $29,276,000
in Mar., 1902. See V. 74, p. 577.
L ouisville C incinnati < L exington general m ortgage bonds are
&
now lim ited to $3,258,000. V. 63, p. 1010.
Mobile < Montgomery—Louisville dt Nashville jo in t m ortgage is for
£
$5,000,000, a first lien on 1 7 8 ^ m iles M obile to M ontgom ery; $1,000,000 reserved fo r Im provem ents. V. 61, p. 196, 750.
K entucky Central m ortgage abstract V. 45, p. 372.
Pensacola < A tlantic first m ortgage bonds (assumed) are gradually
£
being called for the sinking fund at 110.
St. Louis term inal prr/perty bonds c over freight terminals.
The collateral trust bonds o f 1898 (see below ) are secured b y deposit
with the U. S. Trust Co., as m ortgage trustee, o f $9,520.00< L. < N.
fc
unified 4s and $2,720,000 L. A N. Paducah A Memphis division bonds,
the latter cov erin g the road from Paducah, K y., to Memphis, Tenn.,
254 miles. The loan is subject to call at par on and after April 1,
1903.—V. 66, p. 337; V. 68, p. 87.
F inances .—Since July 1, 1894, the “ construction a ccou n t”
has been closed. A m ount o f perm anent im provem ents charged In
Ope rat ng exjicu.HCH in 1900-1 wan .*1,474,503; in 1899-0, $ 1,021 .843.
I n J u n e , 1 9 0 2 , t h e L M iis v ille
N a s h v i lle a n d th e S o u t h e r n R a ilw a y
a c q u ir e d a m e j o i i t y o f th e $ 1 5 ,5 0 0 ,0 0 0 C h ic a g o I n d ia n a p o lis <fc L o u is
v ille s t o c k in e x c h a n g e f o r t h e ir j o i n t 5 0 -y e a r 4 p e r c e n t b o n d s on th e
b a sis o f 7 8 f o r th e c o m m o n a n d 9 0 l o r th e p r e f e r r e d s t ck o r o p t i o n
a lly 6 0 p e r c e n t o f th e p u r c h a s e p r i c e in c a s h . V . 7 4 , p . 1 0 3 8 .
A n n u a l R e p o e t .— A n n u a l m e e t in g is h e ld m L o u is v ille th e fir s t W e d
n e s d a y in O ct. P r e lim in a r y s t a t e m erit f o r 1 9 0 1 -2 ( p a r t l y e s t im a t e d )
w a s in V . 7 5 , p. 7 5 . R e p o r t 1 9 0 0 -0 1 in V . 7 3 , p . 7 1 9 , 7 2 6 ; s e e a ls o
p. 8 9 0 .
T ear en d. J u n e 30.
1002,
1901.
1900.
1899.
A v era g e m ile a g e ....
......
3 ,1 8 9
3 ,0 0 7
2 ,9 8 8
F r e ig h t e a r n i n g s . . . .
. . . . . . . . . . . . $ 2 0 ,4 1 9 ,1 6 2 $ 2 0 ,6 9 9 ,7 7 9 $ 1 7 ,1 0 0 ,7 1 5
P a s s e n g e r s .................. . . . ..............
5 ,7 4 2 ,5 8 1
5 ,2 3 8 ,8 1 4
4 ,9 0 5 ,5 8 4
M a li, e x p r e s s , e tc .* ............
X,8 6 0 ,4 6 4
1 .8 0 4 ,2 8 8
1 .7 5 3 ,1 8 7
G ro s s e a r n in g s ___ $ 3 0 J 8 0 .0 5 7 $ 2 8 ,0 2 2 ,2 0 7 $ 2 7 ,7 4 2 ,3 7 9 * 2 3 ,7 5 9 ,4 8 5
O p e r. e x p e n s e s ......... 2 0 9 1 0 ,2 1 5
1 8 ,2 3 3 ,0 3 3
1 8 ,6 0 3 ,4 0 6 1 5 ,7 3 1 ,5 8 7
N et e a rn in g * . . . . . . .
9 ,7 6 9 ,8 4 2
0 ,7 8 0 ,1 7 6
9 ,1 3 8 ,9 7 3
8 ,0 2 7 ,8 0 8
N et. in ch in v « T s . , & 0 1 0 ,7 6 2 ,5 3 3
1 0 ,4 9 3 ,8 6 1
9 ,7 8 9 .0 1 8
8 .5 6 m,5 4 3
D ed u c t— V n x m . . . .
*8*20,000
$ 8 1 3 ,5 3 8
$ 7 8 5 ,5 6 8
$ 7 3 5 ,3 3 0
In te r e s t an d r e n t . . .
4 ,9 8 7 ,0 1 8
5 ,1 5 1 ,7 3 6
4 ,9 9 6 ,6 1 2
4 ,9 7 1 ,7 0 2
G e o r g ia lift , d e fic it .
....
.............................. ...........
1 2 ,6 8 7
L oss on o th e r r o a d s ..
168
.
...
3,641
... ....
A d v ’ s to H * N , A » e f o
1 3 0 ,4 4 2
1 1 8 ,5 7 4
2 5 3 ,6 9 0
9 4 ,7 4 4
8 In k in g Pel p a y tn T s 1 4 1 ,1 0 0
1 2 8 ,0 0 0
1 3 0 /2 7 0
1 2 7 ,1 8 0
D i v i d e n d s .. . .
. . . {5 )2 ,8 7 5 ,0 0 0 (5 )2 .8 9 5 ,0 0 0 (4 )2 ,1 1 2 ,0 0 0 f3 % 0 1 HiHOoo
B u rp, o v e r d iv id 'd * . $ 1 ,7 9 9 ,8 0 5 $ 1 ,5 8 6 ,1 13 $ 1 ,5 0 7 ,2 3 7
$ 7 7 8 ,9 0 0
O
.v :\ im m m n , A u g u s t B e lm o n t, N. V.; P r e s id e n t , M. I f , Hmli.h,
L o u is v ille ; T r e a s u r e r , W. w . T h o m p s o n ; S e c r e t a r y , J, H Kllla. Lm ile
v llle ; A ssist. Bee. an d A s sis t. T r e e s ., A . W . M e rrie s, 1 2 0 6 roa d w a y , N. Y.
O lre'f.or«. W f E Oitkmnn, F, A.. H.ornejr, Arigeef- JUUmwif, IDuirv Ifnm z, W ,
G* fisOOU II. K. Garth, John L WsM-rnurr, New York; Joh n M A ih erlou , M H,
8 faith, AffJlla -'o x ,
K v. J. L, H e) ra. Kllzntajthi e w n, Ky.; G. M,
Lane. BotffiOft Kwlntoh Kills, Phlladfiohlft.
7 7 4 , p. 5 2 8 , 5 7 7 , 0 8 0 , 775* 8 3 0 , 8 8 3 , 9 8 7 ,1 0 3 8 , 1 0 8 9 ; V, 7 5 , p* 75 ,
1Jo.)
h o u U v , N ew
A l b a n y Sc C l i f e . —Hen C m c A d O UG l At L o i is v ,
C o s l C o . - O w i t a fr o m M lllo r s b u r g , Pft., to
w illia ib s t o w n , P a ,, 2 0 m iles, N e w lea se to N o r th e r n C e n tr a l m a d e
A p r il 2 0 , 1 8 9 6 . term in a b le on 6 0 days* n o t ic e by e it h e r p a r t y . R en ta l
$ 3 5 ,0 0 0 p e r a n n u m ,— see V . 6 4 , p , 3 3 0 .
M jfU v n m V a l l e y It 14. A
J$617,000
4,000,000
11,731,000
400,000
J6,700,000
k l , 996,000
£64 5,4 0 0
Own. L. & N.
$4,779,000
See text.
OUISVILLE.
5
4^
6
7
4
5
6
G
5
4
g. M. & 8.
g. M. & 8.
g. F. & A.
J. & J.
g. J. & J.
g. F. & A.
g. M. & N.
g. A . & O,
g. F. & A.
fe
g. J. < J .
600,000 5 in 1901
500,000
5 g.
1,410,000
5 g.
4,977,000
6
4,193,500
5 &7
4,790,500 4 & 4 ^
669,000
5
600,000
4 ^ g,
2 0 0 ,0 0 0
4*2 g.
250,000
4*2
1,000,000
4 g.
=
4
1,300,000
400,000
5
5
2,494,100
2
4,392,538
2,119,000 3 ^ & 5
300,000
4
122,000
5
4
175,000
and $3,488 000 were
, f $15,000, «: $189,000
Q .- J .
J. & J.
J.
J.
Q.—J .
A. & O.
A. < O.
fe
J. & D.
F. & A.
J. & J.
J. & J.
J. & J.
F. & A.
F. & A.
A . & C.
Q .-F .2 8
Mo & N.
J. & J.
J. & J.
J. & J.
in the tr
, hi$581
St. Louis, St. L. Tr. Co.
N. Y ., 120 B roadw ay,
do
do
do
do
N. Y ., 120 B roadw ay,
do
do
Lond., B aring B ros.,L ’d
N .Y ., Office, 120 B ’ way.
N .Y ., Office, 120 B ’way.
In t’st from J u ly 1, ’ 02.
S. Y ., Office, 13 Wm. St.
B oston, Old C olony Tr.
N .Y., 1st N. Bk. & Chic.
Portand, Me., Office.
} B oston, 2d National 5
S Bank & Portland (
B ost., Am .L.& Tr.; Port.
Portland Tr. Co., Port.
B os.,2d NatT Bk.; Port.
do
do
B oston and Portland.
B oston, Sec. Nat. Bk.
do
do
B angor, Treas. Office.
Portland, Me. Cent. Of.
B os.,2d NatT Bk. < Port
fe
P ortl’ d, Me., & Boston.
D over, Me., Office.
B os., 2d Nat’l B k ., Port.
easury Mar , 1902. A dd
,000, i $884,000, j$ 4 2 .0
Meh.
Sept.
Aug.
Jan.
July
Aug.
May
Apr.
A ug.
J u ly
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1916
1945
1921
1906
1987
1937
1903
1910
1936
1952
J u ly ,’02, 1^4%
J u ly 1, 1946
J u ly 1, 1951
J u ly 1, ’ 02, 1 ^
Apr. 1, 1912
A pr. 1, 1912
June 1, 1923
Feh. 1, 1905
July., 1916
Ju ly, 1917
Jan. 1, 1933
Aug. 1, 1920
Feb. 1. 1921
A pr.15,’0 2 .2 ^
May 3 1 /0 2 ,
Nov. 1. 1908
J ’ne27, Jan.29
July, ’0 2 ,2 i« %
July 1, 1929
iti’n ’l am ounts
00, k $ 1 00 ,0 00
M a c o n Sc B i r m i n g l i a m B y , —Owns Sofkee Jun ction to La
Grange, Ga., 97 miles. A reorganization o f M acon & Birmingham
R ailroad sold in foreclosu re Dec. 27, 1895.
E arn ing s .—11 mos., >1901-2......... .........Gross, $115,537; net, $453
Ju ly 1 to May 31. s 1 9 0 0 -L.............. . ..G ross, 101,727; net, 3,659
In year 1900-01 gross, $ 1 0 8 ,3 8 1 ; def. under op exp., $4,778; int.
on bonds. $25,000, n ot paid. In 1899-00, gross, $79,904; deficit under
op. exp ., $7,821.—(Y. 62, p. 1040.)
M a c o n D u b l i n Sc S a v a n n a h R R . —See p age 171,
M a in e C e n tra l R R . —Line o f road, P ortland to V anceboro, Me., via
A ugusta, 251 m iles; branches, Cumberland Junction to Skowhegan,
v ia Lew iston 91 m iles; Bath to Lew iston and Farm ington, 76 m iles;
b ra n ch e s- Belfast, D exter, B ucksport and Mt. Desert, inclu din g ferry,
(7*7 m iles), 132 miles; Portland & Ogdensburg R y., Portland, Me., to
Lunenberg, 110 m ile s ; small branches, 7 miles; U pper Coos and H ere
ford railways, Lunenberg, N. H ., to Lim e Ridge, Quebec, 108 miles;
Bath to R ockland (including steam ferry, 6-10 miles,) 49 m iles; total,
824 miles, o f which 395 m iles owned, 388 m iles operated under 999
year leases, and practically ow n ed ; 33 miles operated under 50-year
leases and 8 miles ferry lines.
St o c k .—Stock for$ 2,5 16 ,0 00 ow ned by B oston & Maine. Y. 72, p. 988.
D iv id e n d s — )
1882.
1883.
1884 to Jan., 1902
Per cen t
S
2
5^
6 yearly
B onds .—There are also $81,000 M aine Shore Line 6s, due 1 9 2 2 ;
also $118,500 B elfast < Moosehead Lake m ortgage bonds, due 1920,
fc
not guaranteed, iuterest and sinking fund paid out o f the rental;
A n droscoggin & K en n ebec stock and bonds, $11,000, exchangeable
for M. c . stock. Jointly w ith B. < M. guarantees $300,000 Port.
fc
Union 8tation bonds.
A n n u a l R e p o r t .— R eport fo r 1900-01 was in V. 73, p. 1007.
Years en d .m n e 30: 1901.
1900.
1899.
1898.
Gross earn in gs.$5,868,547
$5,612,923
$5,022,098
$4,758,801
Net e a rn in g s.... 1708,863
1,711,248
1,617,037
1,647,436
Other incom e...
92,390
85,744
81,071
63,040
Net in co m e .$1,801,253
$1,796,992
$1,698,108
$1,710,476
Interest...............
604,222
$584,870
$599,365
$633,907
R ents...................
592,922
646,526
647,090
648,121
D ividends.......
298,554
298,544
' 298,531
298,527
Sinking fu n d ...
29,440
2C
*,440
29,440
29,440
Charged o il.......
200,000
1 5 3 ,4 6 7
70,003
Bal., surp. .
$76,115
$84,146
$53,679
$100,481
- ( V . 72. p. 988; V. 7 3 ,p. 4 4 2 , 10U 7.)
M a n a o 8 R y . - V . 7 3 , p. 1208.
M a n c l i e * t e r Sc D aw r e n c © R R . —Owns from M anchester, N. H .,to
Methuen (State Line). 22*4 miles. Leased for 50 years from September
1, 1887, to Boston & M dne at a rental paying 10 p. o dividends. In
1895 a dividend o f 50 p. ct. was paid from p roceeds C. < M. suit.—(V.
fe
62, p. 869; V. 70, p. 532; V. 73, p. 1264.)
M a n h a t t a n R y . ( E l e v a t e d ) . —R o a d - O w n s a ll th e e le v a t e d r a il
r o a d s in b o r o UKh s o f M a n h a tta n arid th e B r o n x , N .Y . C ity , m a in lin e
a n d b r a n c h e s , 37*2 m ile s , d o u b le d -t r a c k e d . E x t e n s i o n o f 1*9 m ile s ,
to F orrlh a m c o m p le t e d in 1 9 0 1 . V . 7 0 , p. 1 7 6 , 6 3 3 . In J u l y , ’ 0 2 , o p e r
a t e d as a th ir d -r a il e le c t r ic s y s t e m o n 2 d A v e ., a ls o la r g e ly c n 3<i A v e .,
a n d w o r k w a s p r o g r e s s in g o n t h e 6 th a n d 9 th A v e . lin e s . V . 7 5 , p . 1 3 5 .
S t o c k .— I n c r e a s e d in M a r c h ,1 8 9 9 , fr o m $ 3 0 ,0 0 0 ,0 0 0 to $ 4 8 ,0 0 0 ,0 0 0 t o
m e e t c o s t o f e le c t r ic a l e q u ip m e n t , e t c — V. 6 8 , p . 2 3 2 , 2 8 2 , 3 8 0 , 4 2 8 , 6 1 7 .
B o n d s ,— Consolidated mortgage (tr u s te e , C e n tr a l T r u s t C o.) Is lim ite d
on p r e s e n t m ile a g e t o $ 4 0 ,0 0 0 ,0 0 0 , a n d w ill p r o v id e fo r p r io r b o n d s
w h en d u e. A m o u n t s b e y o n d $ 4 0 ,0 0 0 ,0 0 0 m a y b e is s u e d f o r e x t e n s io n s
a t th e r a te o f $ 3 0 u ,0 0 0 p e r m ile o f s in g le a n d $ 6 0 0 ,0 0 0 p e r m ile o f
d o u b le tr a c k . iBee a b s t r a c t o f m o r t g a g e in V. 5 1 , p. 2 4 8 , a n d a p p lic a
tion t o N e w Y o r k B toek E x c h a n g e in V . 5 2 , p . 3 5 8 .) O f th e c o n s o ls
th e c o m p a n y it s e lf In A p r ., 1 9 0 2 , h o ld $ 3 0 0 ,0 0 0 a g a in s t ” s p e c ia l a c
c o u n t ” am t $ 4 2 ,0 0 0 c o n s o ls t o r e d e e m c o n v e r t ib l e c e r t . V . 6 9 , p. 1 3 1 .
g e n e r a l F in a n c e s .
In A p r ., 1 9 0 2 , e le c t r ic s e r v ic e w a s c o m p le t e on
th e S e c o n d A v e . tin e, a n d w ill lie g r a d u a lly e x t e n d e d over all th e o t h e r
lin e s . ( V. 7 4 , p. 5 7 7 , 7 7 5 .) T h e n ew m e th o d o f o p e r a t io n it Is b e lie v e d
w ill In cr e a s e th e e llle te n e y a n d e c o n o m y o f I he s e r v T e e n d n e t
ea rn m g s o f th e s y s te m a n d tilu ce th e s t o c k , as liic r e j.s e d to $ 4 8 ,0 0 0 ,o o o , u p o n a 5-p e r - cent biu is. V.75,p. 185. Sec ‘ ‘ s t o c k ” above. H a s traffic
ag m o m e n t u n til 10 04 w ith T h ird A v e n u e R R s y s te m p r o v id in g f o r
t r a n s fe r s t o and. fr o m b oth lin e s . V. 0 8 , p. 0 7 2 ; Y . 7 0 , p. ,1249.
T o M a y , 1HD8, c la im * a g g r e g a t in g $ 8 ,8 4 7 ,8 5 4 h a d b e e n p a id a s d a m
a g e s to a b u t tin g p r o p e r t y a n d o t h e r c a s e s w e r e b e fo r e th e c o u r ts . Hoe
GMitONfOLE, V 0 0 , p, 9 5 4 , an d V. 0 7 , p. 7 8 0 . A s to p e r s o n a l p r o p e r t y
ta x a s s e s s m e n t, se e V. 0 6 , p 0 5 4 ; V 07 , p, 2 2 2 ; V. 0 8 , p . 12 8 2 , an d
V, 7 1 . n. 11 20 , A m o u n t o f t a x e s In lit ig a t io n M «r. 3 1 , 1 9 0 2 , p e r b a l
a n c e sh e e t, $ 3 ,2 2 4 ,8 0 1 . (V. 0 7 , p. 1053 )
O f th e p r o c e e d s o f th e $ 1 8 ,0 0 0 ,0 0 0 In cr e a s e d s t o c k , th e U tilised p e r
U on . a lo n g w ith o th e r fu n d s (In a ll $0,140,005 cm M ar. 3 1 , 1 0 0 2 ),
w a s lo a n e d o u t on c o lla t e r a l.
D i v i d e n d s . { ‘ 8 7 / 8 8 . ’ 8 9 . *90, '91 90. ’9 7 , ’ 98 , '9 9 , ’ 00 . 'O 1, 10 02 ,
S in c e HO. I'.C t. \ 0 5 Heo b e lo w . O y r ly . 4 D
i
4
4 4 f u e l ,J u l y 3
in 1HH9 l In c a s h a n d I ’ srin s c r ip ; in 18 90 , ibs ca sh a m i l H s c r ip .
E v r n in o h . F o r 9 m o n th s e n d in g M a r, 3.1:
9 V’ Om,
C ross.
A ct.
Dili in c.
TnJ J<tr% c,
d
1901 2 . . . $7.H O H ,00! $ 8 ,0 9 1 ,1 8 3 $ 5 1 4 ,5 1 1 $ 2 ,0 4 3 ,8 7 1 $ 2 ,1 0 1 ,8 2 3
2 , 9 9 2 , 13 0
5 9 5 ,3 I i
2 .9 3 0 ,1 3 8
1 ,5 5 7 ,2 0 9
1(i oo* 1 ........ 6 ,9 1 7 ,0 8 0
A
R
V)
T u c s o n ^ y ) ilcox-
o
ivK
INVESTORS’ SUPPLEMENT.
.v _ i.AS'g'O
Nayi S I ? ' °
w
C '*
O
i f 0'- -
►
MAP OF THE
MEXICAN CENTRAL RAILWAY
AND
C O N N E C T IO N S.
.Tlaxiaco
v.
o
O c'
A
HONDURAS
J u l y 1902.J
R AILROAD
STOCKS
AND
8T
BONDS
Bonds - P rin ci
INTEREST OR DIVID EN DS.
Miles Date Size, or
pal,W hen Due.
A m ount
R ate per W hen Where P ayable, and by Stocks—Last
Par
of
of
For explanation o f colum n headings, <fcc., see notes
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
on first page o f tables.
Dividend.
__________________ R A ILR O A D S.___________________
Maine Central—(C oncluded)—
53
H ereford R ’y stock (4 p. c. rental fo r 999 yea rs).
53
1st m ortgage, guar. p. & i. (endorsed)................
55
U pper Coos HR. stock, 6 p. o. rental 999 years.
22
1st m ort., guar. p. & i. (endorsed)........................
33
E xtension M., $21,000 p. m ., guar. p. & i.(end.)
14
D exter & N ewport, stock, 5 p .c. from N ov. 25, ’98
14
1st M. (old 6s refund, in 1897) gu. p. & i. end.*
19
Eastern Maine, stock, 4*2 p. ct., rental 999 years
22
Ranches. & L a w —Stock, 1 0 p.c.ren’lt ill 1937,B.&M.
...
R eal estate bonds (not m ort.) int. gu. b y B.& M e 0
36
Manhattan Elevated.—Consol, stock, $48,000,000..
18
M etropol. El. 1st M., $600,000 p. m., ass’d.g.C* .c*
32
N. Y. El. deb., secured b y consol, m ort. o f 1890.
32
M anhattan E levated consol, mort., gold.Ce.o~&r
M anistique Marquette & North1 —1st m o r t , gold
n
9
M an. < P ikes1 P eak B y .- lstM .,$ r 00,000, g U p c
&
34
Mar, & Phoenxx < S. Riv. V. RR.—JS .&P. 1st M. g..c
£
L
43
M & P .& S.R.Y.M .,g., $750,000 (V .67 ,p .l3 57 ). SGo
40
M aryland < Penn,— York < Peach Bot. M. (text)
&
te
84
1st m ort., $1,200,000, gold, call at 105.U JeR a c*
84
Inc. M., $900,004, 4% cum ., call at par. U B a ..
Mason C vy < Fort D dge—1st m ortgage, g o ld ........
£
<
37
Massawiyrpv—Stock guar, same div. as Conn.&Pass.
23
M eadzille (Jonneaut L a ke & Lin esvil le—1st M .......
M e x ic a n C en tra l—1st M. (unassented) inclu. scrip
2,689
Consol, m ortgage, $32,000 per m., gold. K B . c*&r
1st cons. inc. & scrip,n.-eum. ($9,600p.m. ),g. A B e* 2.689
2d con.inc.$6,400p.m .red.at50% to A u g.’ 29 A B e * 2.689
R egistered incom e bonds and scrip, unassented.r
....
E quipm ent bonds, $50,000 called yearly at p a r..
do $ 5 0 ,0 0 0 y ’ly A u g .l); re \ 1 0 2 b eg .’ lO O B .c*
ColLtr. bonds, g., sec, b y ccns. 4s, call par. U S c *
1890
....
1890
1890
....
....
....
1892
....
1897
1878
1886
1890
1902
1891
1886
1895
1882
1901
1901
1891
1881
1889
1889
1889
1881
1897
1899
1902
$100
1,000
100
1,000
1,000
100
100
100
1,000
100
* &$
1,000
ljOOOAc
1,000
1,000
1,000
1,000
i,ooo
.......
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
$800,000
4
4
800,000
6
350,000
4
350,000
4 xs
693,000
5
122,000
175,000
4
4^
200.000
1,000,000
10
274,000
4
47,999,700 4 In 1901
10,818,000
6 g.
1,000,000
5
28,065,000
4 g.
500,000
5 g.
5
500,000
540,000
6 g.
78,000
249,950
i g4 g.
550.000
900.000 3 in 1901
4 g.
N ’ne A p , ’02
»00,000
6
200,000
5
288,000
(7) 4
66,677,000
4 g.
20,563,100
3 g.
11,282,000
3
370,200
3
750,000
5 g.
850,000
5 g.
4L>2\
1 0 ,000,000
M. & N.
M. & N.
M. & N.
M. & N.
M. & N.
J. & J.
M. & S.
M. & N.
M. < N.
fe
J. & J.
Q .- J .
J. & J.
M. & S.
A . & O.
M. & N.
A. & O.
M. & N.
M. & N.
Text.
M. & S.
A. & O.
Portland, Me. Cent. Of.
B oston, 2d NatT Bank.
Portland, Me., Office.
Boat., 2d.Nat. Bk.; Port.
Portland, Me., Office.
Treas’rs Office,Portland
Seo. N B k .,f o s.& P o rtl.
Rocklan-i Me., Office.
M anchester and Boston.
B oston, B. & M. RR.
N. Y ., 195 Broadway.
N. Y ., Mercantile Tr. Co.
N. Y ., M ercantile Tr.Co.
do
do
U nion Tr. Co., D etroit.
See text.
N .Y., Farm . L. & Tr. Co.
do
do
F. < A.
fe
J. & J.
J. & J.
J. & J.
July 10
B oston, 8, D. & Tr. Co.
Mer. Nt. Bk., Me ad v.Pa.
Boston, SafeDep.&Tr. Co
do
do
St. Louis, w hen earned.
May, 1902, 2%
M ay 1, 1930
M ay, 1902, 3%
M ay 1, 1930
May 1, 1930
July, ’ 02, 2 ^ %
Sept 1, 1917
May, ’02, 214 %
May X, ’ 02, 5%
Jan. 1, 1922
July 1, ’02, 1%
July 1, 1908
Mch. 1, 1916
Apr. 1, 1990
M ay 1, 1952
Oct. 1, 1909
N ov. 1, 1916
Dec. 23, 1925
A p r . 1, 1932
N .Y .,B row n B rcs.& B alt Mch. 1, 1951
A pr. 1, 1951
A n g .i /0 2 ,3 %
July 1, 1921
July 1, 1911
July 1, 1911
Jan. 10. 193&
Jan. 10, 1939
July 1
July 1, 1911
A. & O. 01.C ol.T.C o.,Bos.& Lon, Apr. 1, 1917
A. & O.
do
do
Oct. 1, 1919
F. At A 8f, T onis NT''T Y^rtr F p> 1. 1Q07
.
V
v
miles: leases M exican Union R v.. l i m iles; La Vega t o 3an Marcos.^
29 miles; total Mar 1, 1902, 2,711 miles, standard gauge. A ll 56~
pound steel.
The Zapotlan extension was com pleted in 1901 toT u x p a n , 120 m iles
from Guadalajara, the Parral extension to El R osario, 96 miles, and
the R io Verue extension, San B artolo to Rio Yerde, 25 miles (the
latter n ot yet operated).—Y. 74, p. ' 035.
In June, 1901, the M onterey & Mexican Gulf R R ., Tam pico to G en
eral Trevino, 388 miles, was acquired, and is bein g extended from Tre
vin o to the San Pedro branch, about 150 m iles, b y w hich w ill be reached
the main line at Torreon. E xtension was also nroposed from Lecheria.
near Ci y of M exico, to V elasco, near Tam pico, 225 miles, to be com
B alance after d ivid en d s...eu r.$402,335 sur.$109,513 def.$259,488 pleted by end o f 1904, this inclu din g the Pachuca, Zacualtipan & Tam
Y r.8ep.30. Passengers. Earnings. I Y r.8ep.30. Passengers. Earnings- p ico Ry. (purchased), exten d in g from Sandoval to Apulco. etc., about
1895- 9 6 ..1 8 2 ,4 3 7 ,2 4 4 $9,352,115 1898-99.-177,204,558 $9,325,111 7 0 rniiep, the unconstructed port on carrv ing a subsidy in 5 per cent
1896- 9 7.-183,184,641 9,359,732 1 1899 0 0 ..18 3,7 8 8,8 51
9,950,735
Mexican G overnm ent silver bonds at $10,000 per m ile, j he M exican
1897- 98. .1 ' 9,728.356 9,204,466 1 1900-01.. 194,152.316 10,455,872 Cuernavaca & Pacific, M ex co to Balsas River, is to be purchased and
—(Y. 73, p. 1061,1208; V. 74, p. 4 1 ,9 4 , 427, 5 77 ,68 0 , 776, 1038; V. 75, extended to a c puleo on the Pacific Ocean, abou t 150 miles. —(V*. 74,
p 1196; Y. 73, p. 337, 95“ ; V. 74, p. 729, 1035 )
p. 135.)
J l a n i f c t i q a e U la r q n e t t e <fc N o r t h e r n K B . —M anistique, M ich *
O r g a n iz a t io n .— Incorporated February 25, 1880, under the g en era l:
on Lake M ichigan, n orth eily to Shingleton, on the Duluth So. Shore & law o f Massachusetts, and also holds a charter from the M exican G ovA tlantic, 29 miles, formerl> the Manistique & N orthwestern R y., pur ftrnment. D ebt readjusted in 1889—see V. 48, p. 191, 292, 327 see
chased in A pril, 1902. To be extended 30 m iles and operated in <on- also M exican Central Ry. Securities Co., Lim ited, below . In Mar.,
Dection with a car ferry betw een M anistique and N orthport, on the 1901, a syndicate h ead -d b y EL Clav Pierce o f St. Louis, and closely
Traverse City Leelenau & Manistique R R ., to he built from Norrhport allied w ith that con trolling the St. Louis A San F rancisco RR.. ac
to Traverse ( itv, 25 miles, as an extension of the Grand R apids
n
quired a m ajority o f the stock. See “ Finances 9 b e lo w .—V. 72, p. 627,
dlana PiR. V. 74, p. 776. In corporated in A pril, 1902. A uthorized 873; V. 75, p 29.
stock, $2,000,000. The Union Trust Co. o f D etroit is m ortgage trustee.
Su b sid y .—J an. 1, 1902, there was le ft o f the subsidy in trust $2,077,
Y. 75, p. 135. President, R. R. M etheany; V ice-P resident and Treas , 3 5 3 ,to be used whenever necessary for the paym ent o f principal and
D. W. Kaufman; s ec’ y, B. B. M etheany.— (V. 74, p. 883; V. 75, p.135.)
interest o f the consolidated m ortgage bonds, $111,579, having been so
used in 1900. Of the $3,000,000 o f M exican G overnm ent bonds re
M a r s t i e l d S a v a n n a h <k U e l i l n g l o n R R - Y . 73, p. 900.
I t t a r i c o p a 6c P h o e n i x <fc S a lt R i v e r V a l l e y R R . - S e e p. 175. ceivable under Tam pico H arbor concession for a depth o f 22 feet,
$2,790,000 (in M exican Governm ent 6 per cen t bonds) had been re
ITIar) l a n d 6c P e n n s y l v a n i a K K . —B altim ore, Md., to Y ork, Pa . ceived in A pril, 1895, corresponding to a depth o f 20 feet, and these
80 miles, with branch. D elta to Peach B ottom , 4 m.; total 84 m iles A were exchanged in 1895 fo r $2,934,600 of 5 p. c. G overnm ent bonds.
consolidation early in 1901 o f the Baltim ore & Lehigh RR. and York
St o c k —Stock authorized, $25,600 p er m ile; outstanding, $47,960,**
Southern RR. per plan V. 72, p. 339.
000, In $100 shares.
Stoc k and B onds .—Stock authorized, $3,600,000, o f which $ ’ ,E97,B onds .—Of the priority bonds $1,403,000 were paid off with proceeds
500 reserved fo r future requirem ents. In 1902 the authorized issue of
the first 4s was reduced from $2,700,000 to $1,200,000, o f which of subsidy collections, interest ceasing A pril 10, 1891; the balance,
$2.r 0,000 are reserved to retire the Y ork and Peach B ottom 5s and $5,597,000, is held as an investm ent by the trustee o f the con soli
$400,000 additional for future purposes. V. 74, p. 94, 427. York and dated m ortgage. See Y. 52, p. 390. The consol, m ort., 4 p. 0., covers
Peach Bottom , Series “ A ,” bonds are for $47,500. interest A . & O.; 4 B,f the entire property, all old firsts deposited, and the subsidy earned and
4
to be earned. (See abstract of m ortgage in C h r o n ic l e , V.' 49, p. 177.)
bonds for $202,450, Int. M. A N. In 1901 3 per cent paid on incomes.
In Mar,, 1901, in addition to the $65,643,000 co n so l,4 s show n above
E arnings—9 months, t 1901-2.... Gross, $195,232; net, $58,449
$3,268,000 had been certified b y the trustee, o f which $322,000 held
J u ly 1 t o M ar. 3 r ,
5 1 9 0 0 -1
. . . . G r o s s , 1 7 9 ,2 5 5 ; n e t, 4 3 ,0 0 3
fo r exchanges, $1,775,000 as collateral for equipm ent bonds, $1,000,P f j 'ORT.— F o r y e a r e n d in g F e b , 2 8 , 1 9 0 2 , g r o s s , $ 2 6 1 ,9 2 0 ; n e t, $ 8 0 ,000 purchased by trustee under subsidy trust fund and $171,000
8 2 1 ; c h a r g e s , $ 3 4 , 4 9 7 ; 1 a h , hut,, $ 4 6 ,3 2 4 . P r e s ., J o h n W ils o n B r o v n.
issued to and ow ned b y the com pan y.—Y. 71, p. 1220. B oth series of
- V . 74, p. 94, 427, 1139 )
incom es are aon-cum. and secured by one indenture to the Am erican
L. A T. Co. o f B oston. First incom es received 3 p. c. interest in 1890,
Ml a n o n C i t y 6c F t , D o d g e K R . — O w n s r o a d fr o m M a son C ity , la .,
1891 and 1892 ; none since. In March, 1901, $3,200,000 first incom es
to LehJgh, fa ,, 8 8 m ile s , a n d b r a n c h , 4 m ile s . I n M a r ., 1 0 0 1 , C h ic a g o
were issu ed .' Y. 72, p. 627, 880.
G t. W e s te r n in te r e s t s a c q u ir e d a il t h e s t o c k a n d b o n d s , a n d w ill e x
M a n h a t t a n B y . —(Concluded.)
A n n u a l R e p o r t —Annual m eeting is held the second W ednesday in
N ovem ber. R eport fo r y ear 1900-01 w as given in V. 73, p. 336, and
report fo r year ending Sept. 30, 1901, in Y. 73, p. 1057.
Year ending June 30—
1901.
1900,
1899.
Gross earnings.............................. $9,416,887
$9,138,573 $8,719,495
3,905,953
3,458,329
Net over operating e x p ............... 4,163,658
Other in com e...........
836,383
831,325
340,600
Interest, rentals and ta x e s____
2,677,706
2,707,765
2,678,416
D ividends...................................... (4)1,920,000 (4)1,920,000 (4)1,380,000
te n d th e lin e n o r t h e r ly fr o m M a s o n C ity t o M a n ly J e t ., 12 m ile s
( c o m p u t e d N o r ., 1 9 0 1 ), a n d fr o m H a m p to n t o C la r io n , 3 0 m ile s
(c o m p le t e d J u ly , 1 9 0 2 ), a t c o n n e c t io n s w ith th e C h ic a g o G r e a t
W e s t ; a ls o in 1 9 0 2 s o u t h w e s t e r ly t o on a h a a n d w est t o 81 o n x C ity ,
a b o u t 2 5 0 rrn lee a d d it io n a l; th e t w o C. G . W. bran oh e fr o m Il& y flo ld ,
M in n .,t o M a i i l y J e f , l a . , 4 9 m ile s , an d fr o m W a v e r !e y t o H a m p t o n , la ..
4 2 m ile s, a r r a n g e d to he tr a n s fe r r e d in M a r., 1 9 0 2 , w ill e x t e n d th e r o a d
m Unis p r o p o s e d e a s te r ly to th e CL G . W , m a in lin e . T h e r o a d ie o p e r
a te d as a p a r t o f th e C. G , W. s y s te m u m ie r an a g r e e m e n t d a te d A p r .
I , 1 9 0 1 , r u n n in g f o r 1 0 0 y e a r s , p r o v id in g t h a t a ll nr l e a r n in g s a b o v e
4 p er c e n t in t e r e s t o n n e w b o n d s to b e is su e d sh a ll g o t o th e la t t e r , th e
s t o c k to be e x c h a n g e d fo r C h ic . G t. W e s te r n c o m m o n B lock , d o lla r fo r
d o lla r . (V . 7 3 , p 5 S o 8 1 0 , 7 2 2 . ) Iri y e a r e n d in g J u n e 3 0 . 1 9 0 1 , g r o s s ,
$ 2 6 3 ,0 0 3 ; n et, $ 1 4 5 ,9 0 6 . (V . 6 8 , p. 9 7 7 ; V. 7 2 , p . 5 8 1 ; V. 7 3 , p . ‘0 1 0 )
T h i m i w l p p l V a l l e y l i y P r o v i n c e L in e t o L e n o x v illa , Q u o ,, 3 4
m ile s, w ith b r a n c h . 3rn ; t r a c k a g e t o S h e r b r o o k e , QUO., 3 in .; to t a l, 4 0
m ile s. L e a s e d fo r 9 9 9 yearn fr o m J u ly 1, '7 0 , to th e C o n n e c t ic u t A Fan
mimpftio R iv e r s UK. S t o c k , $ 8 0 0 ,0 0 0 ; p a r o f s h a r e s $ 1 0 0 ; d iv id e n d s
p a y a b le F eb. a n d A u g - F D iv id e n d s fo r m e r ly 5 p. 0 ; 6 p. 0 . s i n c e
la r e I, 1 8 0 7 , O f th e s t o c k , $ 4 0 0 ,0 0 0 o w n e d b y th e C o n n , fo P a s. R iv e r
Is depfm iterj tin d e r Its m o r t g a g e an d $ 5 0 ,0 0 0 1h r e p r e s e n t e d b y
C on n eo ti c u t T r u s t ft Hafe 1)ep o?d t Go, o f JD irt fo r d 5 p e r c e n t tru st c o r
l o c a t e s , fHee H n v v l y . m i;,vr o f O c t o b e r , 19 0 1 .)
T le u d v ll Ie C o i} u rn «i t L a k e < Id n e i v i I I s . — M ead Vi lie to L in es
V
F a., v 1 m ile s , a n d b r a n c h e s , 2 m ile s ; to t a l, 23 m ile s. L e a s e d to
J u n e 8, 1 9 8 9 , to P itt* b u r g B e s se m e r A L a k e E r ie U K ,; r e n ta l, 2 5 p e r
c e n t or g r o s e a r n in g s . H took, $ 2 0 0 ,0 0 0 ; p a r, $ 5 0 .
TI e m 1 *It 1* H e l e n a dr. I , c*n i s in u n I l y , V , 7 8 , p 1 160.
T Ic %\i a n C e n t r a l R y , f d m i i * cl ( TI <•% I e o ) . — f Her. \faft.) M ilea g e
M ain lin e M exie.o <M y n o r t h t o J u a r e z C ity , 1 ,2 2 4 m ile s, 1 0 7 m iles
on T a m p ic o D iv is io n , 12 m ile s on O u a n a )im to B r a n c h , 161 tu lles on
i l b - s e n A m c c a E x t., 4 4 m ile s on F aelium i
D iv is io n , B ar c x fen s Pen v» m iles, 4 0 m ile s on L a g u n a Ex t. a n d o th e r
b r a n c h e s 12 m i le s ; M e x ic o C ity B e lt L in e , 6 m ile s; P arr al ex ter.
s lo n .d im ln e z t o R o s a r-o , 9 6 m iles;
arc o r a e x t e n s io n , Y u rw vim ro to
T in g e in d in, 74 m ile s; 7 m pot Ian e x t e n s io n . G n s d a l s ja r a to 3 'u x p - n ,1 2 0
m lies; R io V e r d e e x to tislo.fi« 2 » m ile s; T a t u p ic o t o G e n e r a l Tr< v in o
fo r m e r M o n t e r e y A M e x ic a n G tilf, o p e r a t e d fr o m M ar. t, 1.9 0 2 ), 3 8 9
In J a n u a r y , 1 9 0 2 , th e c o m p a n y is s u e d $ 1 0 ,0 0 0 ,0 0 0 c o lla t e r a l t r u s t
5-.y e a r 4 % p e r c e n t b o n d s , s e c u r e d b y $ 1 6 ,1 2 9 ,0 0 0 c o n s o lid a t e d 4 s
h e ld in t h e t r e a s u r y , th e p r o c e e d s o f w h ic h w e r e u se d t o r e tir e t h e
$ 6 ,0 0 0 ,0 0 0 n o t e s is s u e d in p a y m e n t o f M o n t e r e y A M e x ic a n G u l f R R .,
t h e b a la n c e t o b e a p p lie d t o ) 5 0 -m ile e x t e n s io n o f t h a t r o a d t o m a th
lin e , p a y m e n t o f a b o u t $ 2 , 0 0 0 / 0 0 flo a tin g d e b t, im p r o v e m e n t s , e t c .
B ee V. 7 3 , p. 9 5 7 ; V . 7 4 , p. 2 0 5 , 7 2 8 ; V . 7 5 , p. 29.
F i na nc es , - A rea d ju stm en t plan to retire the in com es, etc., and to
improve? the financial position o f the c o m p a n y was e x p e c te d shortly in
J u ly , 1 9 0 2 .
K ah ni nus . - M e x ic a n c u r . } 1 9 0 2 ... G r o s s , $ 8 ,5 4 " ,8 8 0 ; n e t, $ 2 ,7 2 2 ,7 9 4
J a n . 1 to M ay 31 (5 m o s .) S 1 9 0 1 ....G r o s s , 7 ,4 2 9 ,7 2 5 , n et, 2 ,1 8 5 ,3 4 3
A n n u a l R e p o r t - F is ca l y e a r e n d s D e o . 31 . R e p o r t f o r 1901 w a s
g iv e n Jn V. 7 4 , p. 9 8 3 , 1 0 3 4 ; se e a ls o e d it o r ia l, p. 9 6 8 ,
T he g ross
e a r n in g s b e lo w a r e M e x i c a n c u r r e n c y ; all o th e r fig u r e s If. 8 c u r r e n c y .
T h e c o m p a n y r e c e iv e d fo r Its M e x ic a n d o lla r s an a v e r a g e 0 / 47*82 in
1 9 0 1 , 48*92 c e n t s In 1 9 0 0 , 48*41 c e n t s in 18 99 .
INCOME ACCOUNT (U. K (HJRRENOV EXCEPT AH INDICATED).
.
Y e a r e n d i n g D ec, 31 —
19 0 1 .
1900
18 9 9 .
18 9 8 .
A v ’ g e m ile s o p e r a te d
4 ,1 3 5
2 ,0 5 4
2 ,0 1 0
1 ,9 5 0
GroHH e a r n s M ex.etir $ 1 7 ,4 9 3 ,0 7 3 $ 1 7 ,2 2 3 ,8 7 8 $ 1 5 ,6 0 3 ,0 6 5 $ 1 3 ,5 8 8 .9 (5 0
N et ea rn s. M ex e u r .. $ 4 ,9 8 6 . 0 6 8 $ 5 ,3 7 3 ,6 8 3 $ 5 ,1 9 9 ,0 9 5 $ 4 , 12 7.53 4
D o d o In U S , e u r
2 ,5 * 4 ,3 9 8
2 ,0 2 8 .5 7 7
2 ,5 1 0 ,9 0 1
2 ,0 6 2 ,8 0 5
MlttCeL In U. H, c u r .
1 8 2 ,3 1 7
1 1 5 ,7 2 0
187,1 10
1 4 2 .8 5 8
Net, I n c o m e . .
F ixed ch a rg es.
$ 2 ,5 0 7 ,1 15
2 ,9 3> ,270
B a lan ce
(if.$ 3 7 0 ,1 6 1
H ubs’ y a c 't In U .B m ur
l 4 5 ,0 0 0
$ 2 , 7 4 4,29V
2,7 38,20 4
h u e $ 0 ,0 9 3
N on e.
$2 ,7 0 4 ,8 7 1
2,0 64,87 3
$ 2 ,2 0 5 ,6 6 2
2 ,0 70,05 2
s u r ,$ 9 9 ,l 0 8 dr.$ 44 O ,90 O
4 9 ,2 2 3
4 7 7 ,9 4 7
R e s u lt, roir . . . . .
$ 1 7 1 ,8 3 0
$ 0 ,0 0 3
$ 1 1 8 ,4 2 1
$ 0 0 ,9 5 7
Gltal? man o f H oard, U. ( May Fierce* ProftM, A A. R o b ln e m i; D m o p
1
r o lle r , G a h r h I M e r t o n . O th ee. 4 3 2 O liv e HL.
1
L o u is . M o. D ire c
to r * . * a v . 1 0 0 2 . V. 7 4 , p . 9 8 8 . (V . 7 4 , p, 2 0 5 , 5 2 s 7 2 2 9 8 3 , 98H,
i 0 3 L 1 i m , V. 7 5 , P. 2 9 , 7 7 .)
m i e x l e n ti L e n t ru I I l y . Neeai ri
G o . % f . l m l l e t l . —T his depOsItary c o m p a n y w as fo r m e d In 1 89 9 , p er pla n in V. 08 , p. 3 3 1 , to a c q u i r e
INVESTORS’
88
SUPPLEMENT,
[V ol . L X X V .
Bonus—n m o lINTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
Par
of
When Where Payable, and by Stocks—Last
For explanation o f column headings, &c., see notes
Rate per
Road. Bonds Value. Outstanding Cent. Payable
Whom.
on first page o f tables.
Dividend.
RAILROADS.
Ifez. Cent. R y Securities Go.,Lim.—A deb.stock 4%
r fifth, fttofik. 4%. cu m ...............................................
Mex. Ini.—Pr. lien,£1,200,000,red.at par. 17n.xo*<fcr 615
1st con. M., $16,000,000,g ,stp.gu.p.&i.Mp.xc*&r 848
Incom e 4% bonds (no m ort.), non-cumulative—
M e x ica n N ation a l—Bee NATIONAL RR. OF M exi CO.
83
Mexican Northern—Stook.............................................
83
1st m ort.,U . S. gold coin, s.f. n ot called.Mo.c*<fcr
1st preference'stock, 8 per c e n t....'........................
9fl preference stock, 6 per cent..............................
Perpetual 6 per cent debenture stock....................
Mexican So. Ry., Lim .—Ordinary shs., £1,000,000.
1st M. 4% deb. stock, £700,000, red. 110. (Text)
2d M. 4% deb. stock, £600,000 red. at par, 90 y ’rs
Mex. Ouemav. < Pax.—1st M., g., $25,000 p. m .M e.
£
M ich ig a n C en tra l—Stock.........................................
1st m ortgage, $18,000,000, gold G ................. o&r
M. C. Michigan Air Line, 1st m ortg a g e.U n .. c&r
M .C.lst M. on Det. < Bay City ($4,000,000).U n.e
fc
do
do
do
... r
M. C. 1st m ort on Grand River Val. R R .IJ n ---- c*
M. C. 1st mort. on Kalamazoo & S. H a v e n .lln ..r
M. C. 1st M. Term. $1,500,000 (V. 64, p. 886).CAr
Mich. Cent. IstM . on Jack.Lans. Saginaw, g ,o*<fcr
Jaok.Lans.& Sag. s to c k ^ ^ p .c . y’rly, guar.by end.
Grand River Valley stook, rental in perpetuity...
Det. & B. City bridge bonds, end., no mort. lien
Bav City & Bat. C. 1st M., g., gu.p.& i. end.M p..c*
Bat. C. < Sturgis 1st M., g., gu. p. & i. e n d .M p .c’
fc
Joliet & North. Indiana IstM ., guar. p.&i. (end.).c
a E xclusive o f $550,000 held by sinking fund.
....
321
£100 £3.841,524
1899
1899
100
3,841,524
1897 £100&C $5,850,000
1897 $500&C.
6.983.000
4.499.000
....
1890
....
100
1,000
£10
£10
£10
£10
228 1896
228 1896
310 1893
1,000
....
....
100
. .. .
270 1902
115 1890 1,000&C
152 1881
1,000
152 1881 l.OOO&c
84 ’ 79-’ 86 1,000
39 1889 l.OOO&c
.... 1896 1,000&C
350 1901
1,000
.... ....
100
....
100
84
.... 1873 1,000
1,000
18 1889
1,000
41 1889
45 1877
1,000
3,000,000
a l , 110,000
£2,254,720
2,554,100
1,011,960
2,000,000
£1,000,000
650.000
594,786
130.000
cl8,738,000
10,000,000
2,600,000
^ 3,576,000
1,500,000
700,000
725,000
2,000,000
2,000,000
491,200
150,000
250,000
421,000
800,000
4
J & J 15
London.
4
J & J 15 London, when earned.
4 1 g. M. & S. London, Speyer Bros. Sept. 1, 1947
e
N. Y ., 25 Broad St.
4 g. M. & S.
Sept. 1, 1977
Sept. 1
See text. Q .-M . N. Y., office, 27 Wm. St. June 2,’0 2,1
s%
do
do
6 g. J. & D.
Deo. 1, 1910
See text. M. & N. Glyn, M. C. & Co., Lon. M’y 15,’02, 14%
•
6
2is in ’ 01
4
4
5 g.
4 in 1902
3 *2 g.
4
5 5
l
5
6
5
4 g.
3hg.
3%
5
8
3 g.
3 g.
7
J. & J.
Nov.
F. & A.
F. & A.
A. & O.
J. & J.
M. & N
J. & J.
M. & S.
Q .-M .
M. & 8.
M. & N.
J. & J.
M. & 8.
M. & S.
J. & J.
M. & N.
J. & D.
J. & D.
J.IO-J.IO
Glyn, M. C. & Co., Lon.
Perpetual.
Nov. 1 ,’ 0 1 ,2i«
N. Y., Merc. Trust Co.
N. Y. Gr. Cent. Station.
Reg.at G.C.S; cp.atG.T.
Rg.atG.C.S.; cp.atU.Tr.
N. Y., Union Trust Co.
N.Y.,Gr’ dCent. Station.
N. Y ., Union Trust Co.
N. Y., Gr. Cent. Stat’n.
Rg.at G.C.S. ;cp.at U.Tr.
Rg.atG.C.S.; cp.atG.Tr.
N. Y., Gr. Cent. Station.
Jackson, Mich.
N. Y ., Union Trust Co.
do
do
do
do
N. Y ., Farm. L.&Tr. Co.
Oot. 1 ,1943
July 29, ’02, 2
May 1. 1952
Jan. 1, 1940
Mch. 1, 1931
Moh. 1, 1931
Sept. 1, 1909
Nov. 1, 1939
July 1, 1941
Sept. 1, 1951
Mch. 1 ,’02, 1%
J u ly ,’ 02, 2i 2 %
May 1, 1903
Deo. 1, 1989
Dec. 1, 1989
July 1 0,1907
c Of which $16,814 .300 held by N. Y. Ce ntral & H. R. RR. Co.
B onds ,—Battle Creek & Sturgis bonds for $500,000, but o f this $79,the 4 per cent consols o f the Mexican Central Ry. “ and to issue in their
place tw o classes of securities.” The share capital was raised hy a pay 000 was sub-guaranteed by the Lake Shore & Michigan Southern, 7
ment of £ 2 for each $1,000 bond deposited, for expenses, etc. Each miles of tne B. C. & 8. being operated by that com pany The $2,$1,000 bond deposited will receive £102 “ A ” and £102 “ B” debenture 000,000 3^8 o f >901 are a first m ortgage on the Jackson Lansing &
stock, constituting a first and second charge respectively upon the Saginaw RR., 350 m iles—(7 . 73, p. 1061.) In April, 190?, $18,000,000
deposited securities, both secured by the same deed o f m ortgage to o f S^s were authorized, dated M ay 1,1902, o f which $10,000,000
Right Hon. Lord Hillingdon, Right Hon. Lord Revelstoke and H. W. were sold to retire the first 5s and 7s, maturing on that date, the
remaining $ 8 ,000,000 being reserved for additions, improvements,
Smitliers, trustees. Frederick M. Spankie, Secretary, 3 Graoechurch
etc. V. 74, p. 728.
Street, London, E. C.—(V. 68, p. 331, 524.)
E a r n in g s .—F o r 6 m o s . ending June 3 0 (1 9 0 2 partly estimated):
M e x ic a n 'Eastern R B . - V . 74, p. 478.
6 mos.—
Gross.
Net.
Changes.
Dive.
Bat , sur.
M e x ic a n In te r n a tio n a l R R .—(Fee Map, page 8 6 ) —Owns in
Mexico a standard gauge road from the centre o f the International 1 9 0 2 ............. $ 8 ,8 4 6 ,0 0 0 $ 1 ,8 3 0 ,0 0 0 $ 1 ,3 1 0 ,0 0 0 $ 3 7 4 ,7 6 0 $ 1 4 5 ,2 4 0
1901............ 8,815,957 1.777,995
1,380,313 374,760
22,922
Bridge over the R io Grande between Eagle Pass, Tex. (where connecA n n u al R e p o r t .— R e p o r t fo r 1 9 0 1 w a s in V . 7 4 , p . 1 0 3 5 .
tion ism ad e with the Southern P a cid o , and CiudadPorfirio Diaz, via
Year ending Dec. 31.
1901.
1900
1899.
Torreon, on Mexican Central, to Durango, 540 nu., with branches, 90
m.; Reata to Monterey, 72 m.; branch to Tlahualilo, 43 m ; new branch, Gross earnings............................... $18,490,273 $16,730,131 $15,504,062
extension Durango to Tepehuanec via Santiago Papasquiaro. 135 Op. exp. and taxes......................... 14,745,964 13,229,490 12,004,116
miles, com pleted in 1902; total, 880 miles. Extension proposed from Net earnings.................................... $3,744,309 $3,500,641 *$3,499,946
Durango to Mazatlan, on the Pacific Coast. Organized under laws o f Net,inol’g other in c.......................
3,814,048
3,545,735 3,544,624
Connecticut.
Rentals paid....................................
1*4,310
184,310
184,310
In April, 1902, control of the road ($15,786,100 of the stock) was Interest on d ebt.............................. 2,271,250
2,219,908 2,229,975
taken over by the National RR. o f Mexico as per plan V. 73, p. 784.
Can. Southern share........................
375,238
300,852
300,574
S t o c k .— Authorized $25,000,000; issued Jan., 1902, $20,708,200.
New second track ...........................
210,000
80,000
65,000
Miscellaneous.................................
............
4,402
10,326
B o n d s . —In 1897 reorganized, reducing fixed charges on 659
Dividends.......................................... (4)749,520 (4)749,520 (4)749,520
miles from $605,360 to about $448,650. Consol. 4s for $3,690,000
Surplus......................................
$23,776
$6,743
$4,919
m ay be issued at $10,000 per mile on 369 m iles of proposed branches
and $800,000 are reserved for betterments, etc. The total issue o f - ( V . 73, p. 1 2 6 0 ; V. 74, p. 94, 728, 988, 1 0 3 5 , 1139, 1355.)
consols is limited to $16,000,000. The National RR. o i M exico under
M ic liig a n & Olito B e lt L in e R R . —V. 74, p. 327.
agreement o f June 30,1 90 2 , is stamping the consols as guaranteed
M id d le to w n I; iiio n v ille Sc W a t e r G ap R R .—(Fee Map N. Y.
principal anti interest V. 75, p. 77. Prior Ren 4Ljs, see V. 65, p. 151,
Susquehanna < Western.)—Owns from Middletown, N.Y., to Unionville.
6
1071. Consol. 4s of 1897 listed on N. Y. Stock Exchange Feb., 1898.
N. J. State line, 13-65 miles. Stock, $149,850; par, $50. Controlled
See application in Y. 66, p. 341.
through ownership of stook by New York Susquehanna & Western,
E ar n in g s —Mex. cur’ c y . ) 1902........ Gross, $2,111,196; net, $837,144
which pays interest on bonds. In year ending June 30, 1901, gross,
Jan. 1 to Apr. 3 0 ,4 mos. 51901.........Gross, 1,959,983; net, 878,053
$63,274; net, $12,584; charges $21,923; bal., deficit for year, $9,339.
A nnual R e p o r t .—Report for year ending Deo. 31,1901, was given at In 1899-00, gross, $61,759; net, $14,589.—(Y. 64, p. 664.)
length in V. 74, p. 772, 783; see also editorial, p. 753, showing earnings
M ill Creek Sc M in e H i l l N a v ig a tio n Sc R R . —Mill Creek Jo. to
as follows: Gross on average o f 848 miles, $5,960,825 (Mexican cur- Broad Mtn., Pa., 3-8 miles; branch 3-3; 2d track 3 ’8 m.; total track,
rencv); net, $2,370,672; in U. S. money, net, including other incom e, 33 miles. Leased in 1861 for 999 years to Phila. & Read. RR., lease
$1 155,262; interest, etc., $559,660; ba!., surplus,$595,602. Pres., J. G. assumed in 189b by Phila. & Reading Railway; rental $33,000 and
Metcalfe. N. Y. office, 25 BroadSt.—(V.74, p. 7 7 2 , 7 8 3 ; V. 75, p. 77.) taxes.
M e x ic a n N a tio n a l R R . —See National RR. o f M exico.
M llle n Sc S o n tliw e s te rn R R . —Millen to Stillmore, Ga., 32
M e x ic a n N o rth e rn R y .—Owns from Escalon, M exico, on the miles. In July, 1902, extensions were proposed from Still more south
to Waycross, b0 miles (of which 21 miles from Stillmore to Vuialia was
Mexioan Central Ry., to Sierra Mojada, 83 miles, all steel.
com pleted), and from Millen northeast to the Savannah River, 30
S t o c k .— Capital stock is $3,000,000; see application for listing on
miles. Stock June 30,1900,$39,000. In July, 1902, made a m ort
N. Y. Stock Exchange in full, Y. 64, p. 619.
gage for $800,000 to the Citizens’ Bank o f Savannah, as trustee. V.
1902.
D iv id e n d s . . . . > 1892. 1893. 1894. 1895 99. ’00. 01.
4 h Inc.June, 13j 75. p 77. For year ending June 30,1901, gross, $42,485; net, $9,433,
P e r c e n t ___ S 6L)
6 Lj
6
4 yearly. 5
against $12,374 in 1899-0. (President, D. B. Durden; Secretary,
In 1901, Mar., 1^4 P- c.; June, If* p. o.; Sept., 1 p c.; Deo., 1 p. 0.; Treasurer and Gen. Mgr., Frank R. Durden. Office, Monte, Ga.—V. 75,
1902, March, l p. c.; June,
p. c.
p. 77.
B o n d s .—The mortgage is for $1,660,000, o f which $507,000 held by
M ilw a u k e e B e n to n H a r b o r Sc C o ia m b u s R y .—See p. 175.
the sinking fund in June, 1900. See V. 60, p. 482.
M ilw a u k e e A L a k e W in n e b a g o R R . —(See Wisconsin Central.)
A n n u a l R e p o r t .—Earnings as follow s in U. S. cu rren cy:
M ilw a u k e e A M in n e s o ta R R . —V. 74, p. 427.
Year
Gross.
Net. Other inc. Charges.
Divid. Surplus.
1900-i901 ..$642,132 $262,720 $39,262 $137,285 $142,500 $22,197
M in e H i l l A S c h u y lk ill H a v e n R R . —See page 175.
1899-1900 .. 638 552
255,185 31,226 131,804 142,500
12,107
M in e ra l R a n g e R R . —See p. 171.
1893-1899 . 749 859
347,834 41,161 137,772 120,000 131,223
M in n e a p o lis A St. L o u is R R . —(Fee M ap.)—Owns main line
_<V . 69, p. 1012; V. 70, p. 280; V. 72, p. 581, 1011; V. 74, p. 1089.)
Minneapolis to Angus, la., 260 miles; Western Div., Hopkins to WaterM e x i c a n R a il w a y , L im it e d .—See page 175.
town, S D., 215 miles; Kalo Branoh, lLj miles; Lake Park Branch, l 1
*
M e x ic a n S o u th e rn R y ., h i m .—Seepage 175.
m .; Winthrop, Minn., to Storm Lake, Minn., 154 miles. Leases track
M e x ic o C u ern a v a ca A P h c . R R . —M exico to Balsas River, 182 age from Minneapolis to St. Paul over St. Paul & North. Pao, RR., 10
miles, in operation, and projected to A capulco, about 153 miles.—V. m iles; total operated, 642 miles. Also owns, but leases to Bur. C. R.
69 p 332. As to subsidy from Mex. G ov’t, see V. 67, p. 901. In & Nor., A lbert Lea to Iow a State Line, 13 m. In Jan., 1902, branoh
June 1902, the M exican Central proposed to exercise its option to to White Bear Lake, 13 m., was sold to North. Paoiflo.—(V.74, p. 94.1
purchase the road and extend it to Acapulco, on the Pacific Ocean,
H is t o r y .—A reorganization in Oot., 1894, per plan in V. 59, p. 371,
about 150 miles. Stock, $6,000,000; par, $100; outstanding Apr., ’02, of Railtvay foreclosed under improvement and equipment mortgage.
$3 872 000. Pres, and Gen. Mgr., J. H. Hampson, M exico City, Mex.;
In Feb., 1899, purchased (V. 68, p. 672,) from the Rook Island 123
Sec., W. O. Staples. M exico City; Treas., E. Edgar Wilson, Denver, miles, Morton to W atertown, So. Dak., part of the 217 miles o f the
Col.—(V. 69, p. 3 3 2 ; V. 74, p. 1196.)
unbonded Wis. Minn. & Pao. theretofore operated by Minn. & St.
M i c h i g a n C e n t r a l R R . —(<See Map adjoining New York Central Louis, but accounts kept separate. Also built extension New Ulm
branch through rioh grain and live-stock country to 111. Central RR.
v a a e i—l i n e o f R o a d .—Main line—Kensington to Detroit, 270 miles
ana ’ Windsor to Suspension Bridge (Canada Southern), 226 miles; at Storm Lake, la., 135 miles, which was com pleted about July 1,
total main line. 496 miles. Branches owned and leased 1,147 m iles; 1900. V. 68, p. 130. In June, 1900, persons identified with Minn. &
traokage (HI. Cent.) into Chicago under perpetual lease, 14 miles; total, St. L. obtained control o f the Iow a Central Ry. V. 70, p. 1249.
January 1, 1902, 1,657 miles. There are 303 miles of second track
Stock .—The capital stook Is, common, $6,000,000; preferred,5 p. c..
and 1 024 miles of side tracks. In Feb., 1902, join tly with Lake Shore non-cumulative, $4,000,000. The preferred is entitled to dividends at
& Mich. So. took over Detroit Toledo & Milwaukee RR., Allegan to De 5 per cent, and then common to 5 per cent, then both share pro rata.
troit, Mich., 200 miles.—V. 74, p. 379.
The $2,500,000 first pref. was paid off at par on June 1,1899.
O r g a n iza tio n , l e a s e s , &c.—Re-incorporated under general law. See
D iv id e n d s (p. 0. ) ) 1896. 1897. 1898. 1899. 1900. 1901. 1902.
in Dec. 1 9 0 1 , V. 73, p. 1208. Control was acquired by the N. Y . C
Preferred..........> 3
3
3*2
4^
5
5
5
& H. R.’ RR. Co. in April, 1898, as stated below.
Common........... )
None.
lig
4
5
N Y C. & H. R. RR. Co. in ’98 gave in exchange its 3 L3 per cent
B o nds , E tc .—Bonds issued under the mortgage due June, 1927, num
100-vear gold bonds at the rate or $115 in bonds for $100 in stock. bered from 1,101 to 1,400, for $500 eaoh, additional to those above
V. 66 p. 759. In May, 1902, $16,814,300 o f the $18,738,000 stook were assumed by the Burl. Cedar Rapids & Northern RR.
had been acquired by the N. Y. C. & H. R. RR. V. 66, p. 1238.
As to first consol, mortgage see abstract Y. 59, p. 1145. The re
Canada , S o u th e r n c o n t r a c t .—See that com pany.
funding mortgage of 1899 limits the first oonsols to $5,282,000.
First refunding m ortgage of 1899 is for $25,000,000, of whlcn
D iv id e n d>s.) ’ 83 ’ 84 ’ 85-86 ’ 87-89 ’ 90 ’ 91 '92-94 ’95 to J u l y ’02
s.
$10,000,000 reserved to retire underlying bonds and $6,849,000 for
5 5^2 y ’rly
4 yearly
nil. 4 yearly 5
3
Per cent- S 5
RAILROAD
J u l y , 1S02.]
STOCKS
AND
89
BONDS
♦
ieiiiirscn
sW liitesbor
reen yille'
Mineo/a
Albany
PACIFIC
Cisco
Sweetwater
Germania
7
d
■
7”
Corsicana
Coleman
I Paso
Haso del NertefsW'S1
Morgan
Coleman, Jc,
Palestine!
McGregoA
Gatesville0,—
\Lampasas' o'
iJjOs Modanos
Burnett
Llano'
.Taylor.
Ojo Caliente
Navasota
Marble Falls
'test Point"
TViaduct
SAN ANTONIO*
Yoaki
c Piedra Blanca
0 Presidio
San Vicente
Sto.Domingo
CTuero %
agie Hass
/
Vic tori.
IU A PO
D D
R
(Piedras Negras)
k
Felipe
kH05»t)0
Beeville
CotullaA)
e»Q }VSanta Tomas
Alice *
RL
Laredo
Mojada'
B'\ %
Sae^K
'X '/A ,'
C o n e jo s V ^ ^
Guadaj,
‘
Palo Blanca
ox
11°toni]<
:o
^Uccama -/CCarneros
S.PapaswuhatS
j[ 4
n^
dontem orel^
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Co,
^Linares
A /
Gua$
Ciii iHliaiiTfcj
CacHSietT
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U R A NGOi „
♦
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^Nombrd de/Dioa\
j
Lena
Sombrerete ^ o< b
csSain
^
r
<
^
MA Z A T L A
4
/ " ‘ ^-^RioGm nde&
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f^ b a la
San Francisco
I
^
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1 'x k
a
r T w 'ojn a tt
Itosillo
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AM PICO
SAN/LuiS^
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c a / T e n t e -s .,
L'Hta.M.aria^'
i \
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is
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icjutla
Pmtttw
o ZlnuL'i
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UADAllAJARA
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MArti vatJ.^^T V A
X.
Man / a ni|ir7'- —
/ J / o o l j MA>
■ M -, I v"*'c ^ h
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x . ;
A^i/Ji»gan
1
vIV
c
i ,./>.,* /
;> ~
c a I
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r 1/A lx
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V
V
/
iv i.
/ ' W
. ^
,
V
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fp ■ Co r d d m
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f / 7 ^ / v~ rr
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M A P
O P
RAILROAD
S ^
4 V /,. ^ H I U -A N C I N '.'u
T ilK
MEXICAN INTERNATIONAL
~1
y
A ca p illW '
;
1
■ ' , / /
'■
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*
99
INVESTORS’ SUPPLEMENT.
|VOL. L X X V .
Bonds—P rin ci
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,^When Due.
A m ount
Par
of
of
F o r explanation o f colum n headings, &c., see notes
Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
on first page o f tables.
Cent. Payable
Whom.
Dividend.
RAILROADS.
Middletown Tin. dt W. Gap—1st M., ext. in ’ 86.........c*
2d m ortgage, int. guar. ext. In 1897 (see text).,c*
M idland RR. o f N. j —See N. Y . S u s q u e h a n n a <
fe
M ill Creek dt M ine H ill Nav. dt R R .—S tock ..............
M illen & Southwestern—1st m ortgage, $800,000 ..
Mil. Benton Harb.dt Ool.-^Cons. M., g", $900,000. tj e
M ilwaukee L a ke Shore dt Western—See C h ic a g o <
k
Milwaukee dt Lake Winnebago—See W isconsin C e
Milwaukee & Northern—See Chicago M ilwaukee &
Mine Hill < Schuylkill Hav.—Stock (6 p. ct. ren tal).
&
M ineral Range—Cons, m ort., text, g., red. at 105 c
General m ortgage, int guar, b y Can. Pacific F .
H ancock < Cal., eons.,M. g.. red. at 105, ass’d ...
fc
MLl'n/neapoTis & St. L o u is —Common stock.C e . ..
Pref. stock (V. 70, p. 1150), 5 p. c., n on -cu m .C e..
1st M., Minn, to Merriam Jnuc., g o l d . F P .........e*
Is tM ., Merriam Junction to A lbert Lea,gold .F .c*
Iow a ext. 1st M., g.(Al. Lea to Ft. D odge)g.C e.c*
M ort.on Southw, exten., g. ($12,000 p. in .)C e.-c*
Pacific extension 1st m ortgage, gold.C e .......... c*
First consolidated M., $5,282,000, g o ld .C e . c*&r
1st & ref., M „ $25,000,000, g. ($18,000 p .m .l.C e .
M inn. St. F dt S. Ste. M.—Stock (h* 7% pf. n.-cum.)
Minn. Sault Ste. Marie & A tlantic 1st M .g .C e ..c ;
Minneapolis & Pacific. 1st M., $15,000 p. m .c e .c *
Consol. M., gold, int. guar, (end.)—See te x t Ce.c*
2d M., $5,000,000, gold, int. g u a r ..C e .................
Car trusts D ec 30, 1901.............................................
M inn. S. SI. P.dtW.—1st M .,$10,000,000, g .,te x t S
M innesota Transfer—is t m ort.—($480,000 are 4s>c
M inn, dt No. W isconsin—1st m ort., $200,000, g ..c *
13
....
1866 $100&c.
1871 500 <fcc.
W est.
....
....
1902
1897
27
1,000
323,375
See text.
405,000
NORT h -W es TERN.
NTRAL R y .
St. Pa
52
66
66
20
....
....
27
81
102
53
92
....
283
495
286
1,307
1,307
....
50
5 g. M. & N. N. Y., N. Y. Susa. & W. Nov. 1, 1911
5
J. & D.
do
ao
June 1, 1910
10
J. & J.
Philadelphia.
b $ 551,000
future extensions, im provem ents, etc., under severe restrictions. The
m ortgage is a first lien on 277 m iles o f road, etc., and a blanket lien on
Test o f property.—V. 68, p. 187, 332. See application to list, V. 69, p. 32.
E a r n in g s —11 mos., > 1 9 0 1 -2 ........ Gross, $3,200,544; net, $1,311,176
Ju ly 1 to May 31. \ 1900-1 ...--G r o s s , 2,975,155; net, 1,211,968
F o r 6 m os ending Dec. 31, 1901, net, $798,783; charges, $467,320;
■div. on pref. (2*2 p. c.), $100,OoO; on com m on (2*2 p. c.), $150,000;
bal., sur., $179,779.
A n n u a l R e p o r t .—Annual m eeting 1st Tuesday in Oct. R eport for
1900-01 is given at length in V. 73, p 953, 961; see also edit., p. 931.
Tear E nding June 30
190001.
1899-00.
1898-99.
514
A verage miles operated.............
633
436
P a ssen g ers........................ ........... . . . $703,826
$494,031
$601,836
F r e ig h t......................................... .. . . . 2,413,134
2,117,553
1,860,258
158,5^4
Mail, express, &c........................ .. . . .
143,921
145,715
Gross earnings.................... ... $3,275,504 $2,863,310 $2,500,004
N et over taxes.............................. ....$ 1 ,3 1 8 ,8 8 7 $1,163,922
$977,299
O ther in com e............................... . . . .
200,266
196,597
188,807
$1,364,188
892,540
(5)200,000
(1*2)90,000
57,024
$1,173,896
659,540
*294,583
c$ 1 7 4 ,3 0 0.
J uly, ’ 02, 5%
5 g. M. & S. N .Y., M ercantile Tr.Co. Sept. 1, 1947
ul.
50
4,210,200
....
5*2 J & J. Phila.,Office, 119 8. 4th.
1891 500 <fcc
593,000 4 g .-5 g. J. & J. New Y ork, 44 Wall St.
1901
......
1,000,000
do
do
4 g. J. & J.
1,000
1891
325,000
5 g. J. & J. New Y ork, 44 Wall St.
100 c 6 ,000,000 5 in 1902 J.
....
J. N. Y. Central Tr. Co.
....
100 d 4,000,000 5 in 1902 J. & J.
do
do
1877
1,000
455,000
do
do
7 g. J. & J.
1877 500 &C.
950,000
do
do
7 g. J. & D.
1,000
1,015,000
do
do
1879
7 g. J. & D.
1,000
1880
636,000
do
do
7 g. J. & D.
1881
1,000
1.382,000
do
do
6 g. A. & O.
1894
1,000 a 5 ,282,000
do
do
5 g. M. & N.
1,000 b 8 ,151,000
1899
4 g. M. & 8.
do
do
100
21,000,000
1,000
1886
8,239.000
4 g. & 5 J. & J. N. Y ., B’ k of Montreal.
458,000
1886
1,000
do
do
4 (5) J. & J.
1,000
do
do
1888
22,452,000
4 g. J. & J.
1,000
1899
3,500,000
do
do
4 g* J. & J
New Y ork & Chicago.
344,115
190*2
New York.
1,666
See text.
5 g- J. & D.
1886
1,000
4 &0
F. & A. ls tN .B ’ k,*t. Paul.Minn.
1,385,000
1902
1,000
150 000
5 g. J. & J Minn. L. & Tr., Minn.
a Of which $282 000 held in treasury June 30, 1901.
T otal net in com e................. . $1,507,694
In terest p a id ................................
897,220
Dividend on p ref stock .......... . . . (5)200,000
D ividen d on com m on s to ck _ ...... (4,240,000
_
R entals, etc— - .......................... .
56,711
$150,000
250,000
July 15/0 2,3%
Jail. 1, 1931
Jan. 1, 1951
Jan. 1, 1931
July 1 5 /0 2 ,
July 15/02,2*2
Jan. 1, 1907
June 1, 1927
June 1, 1909
Dec. 1, 1910
Apr. 21, 1921
Nov. 1, 1934
M 0I1 . 1, 1949
Jan. 1, 1926
Jan. 1, 1936
July 1, 1938
Jan. 1, 1949
1903 < 1907
fc
J u n e l , 1942
Aug. 1, 1916
Jan. l / 0 3 - ’08
d $ 39.600.
Chicago M ilwaukee & St. Paul, N orthern Pacific, Chicago St. Paul Minn. &
Omaha, M inneapolis & St. Lou is, W iscon sin Central, Chicago Burlington &
Quincy, Great North., Chic Great W estern and M inn.St. Paul & Sault Ste. Marie.
A ddition al bonds can be issued fo r p rop erty and Im provem ents as
required. P rincipal on lv is p ayable in gold. M ortgage trustee, St.
Paul Trust Co., St. Paul, Minn.—(V. 66, p. 1238; V . 67, p. 956.)
M i s s o u r i K a n s a s & T e x a s R y . —R o a d .— Operates a line with
northern term ini at St. Louis, Kansas City and H annibal, Mo., exten d
ing southerly across the Indian T erritory and the Texas cotton belt to
tidew ater at G alveston, on the Gulf o f M exico, and to San A ntonio,
Tex., and Shreveport, La., w ith branches, (fi See this com pany.)
Operated—not owned.
Miles.
Road owned.
Miles.
W ichita Falls R y .......
18
M issouri Kan, & Tex. R y .—
St. Louis to Red R iver, T ex 629 Denison & W ashita Val. R y .
(V. 74, p. 1 1 4 0 )....................
20
H annibal to Franklin J c . . . 104
Op era ted j ointly.
Branch*-sto P aola and P ar
St. Louis to Texas Ju n ction ..
24
sons, Kan., and Stevens,
43
I .T ., & c ............................. 430 Kansas City to P aola..............
W hitesboro to Ft. W orth .......
71
Mo. Kan. & T. Ry. o f T e x .—
R ed R iver to H ouston, Tex. 518 G alveston H ous. & H e n d ..., H50
Denison to H e n r ie t ta ....... 1 i 2
Other b ra n ch es................. . 43 L
T otal operated June 3 0/0 1 .2 ,4 8 0
Total o w n e d ......................... 2,254
The Denison Bonham & New Orleans R y., D enison to Bonham, T ex.,
29 miles, has been operated under a ten-year con tract since D ec., 1901#
Bal. surplus for yea r............ . . . $113,762
$164,079
$124,624
O r g a n iz a t io n , & c.—R eorganized in 1890, w ithout foreclosure, [plan
* includes dividends on form er first pref. stock, retired in 1899.
in V . 49, p. 719,] the old first m ortgage being paid off at par.
O f f i c e r s .— Pi esident, Edw in H aw ley, New York; V ice-President, L
The $12,890,000 stock o f the “ M. K. & T. R ailw ay Co. o f T e x a s ”
F . D ay; Secretary, Joseph Gaskell, M inneapolis; Treasurer, F. B
is deposited w ith Central Trust Co. as trustee for the M. K. & T. secu
D avis, 25 B road Street, New Y ork.
rity holders. (V. 54, p. 1047 ; V. 55, p. 298.) M. K. & Eastern w as ab
D irectors—E. H aw iey, J o h n 'W . Mackay, E. Lanjzdon, F. E. Palmer, F. H. Davis:
sorbed in 1897, K. C. & Pac. in 1899 and Sher. Sh. & So. in 1901. V.
Joh n E. Searles, New York; L. C. W eir, New Y ork; G eorge Crocker, New York.
63, p. 30; V. 73, p. 609.
L. F. Day, M inneapolis.
In 1902 the Ft. S cott Iola & W estern R R , Iola to Moran, Kan., 15
— (V. 72, p. 8 7 ,1 2 3 8 ; V. 73, p. 9 5 3 , 9 6 1 , 1264; V. 74, p. 94, 1089.)
m iles, and the M issouri Kansas & N orthw estern R R .( Joplin to M in
M in n e a p o lis St. P a u l & S a u lt Ste. M a r ie R y . - Owns Minne eral, Kan., 29 miles, w ere purchased. V. 74, p. 884, 1139
In July, 1902, the M issouri Kansas & Oklahoma R y., w hich was o r
apolis to Sault Ste. Marie, M ich., 492 m ile s ; branches, 62 miles; from
M inneapolis northw est to Kulm , No. Dak., 308 miles; H ankinson to ganized by friendly interests, began to con struct three lines in O kla
International Boundary Line, No. Dak., 344 m ile s ; trackage in M inne homa, aggregating 2 5 0 miles, viz. Guthrie to Stevens, I T., 135 miles,
apolis, St. Paul, etc., 20 miles In July, 1901, extension from Kulm. with branch from Oklahoma City, 35 miles, and one from a p oin t in
tbe Osage N ation to W ybark, I. T., 80 miles. See B o n d s b elow . V.
N. D., to W ishek, about 77 miles, in operation, and being com pleted
tow a rd s Bism arck, o f w hich 70 m iles to P ol ock was opened in Nov., 74, p. 1038.
In May, 1902, the Texas < Oklahom a RR. was incorporated, with
fe
1901; also new bianch from Summit, W is.f to F rederic, 22 miles; branch,
R ice Lake to B irch w ood , W is., 16 miles; total, 1,410 mih-s; also has $3,500,000 6 tock ,to build an extenston from Oklahoma City to Colgate,
I. T., 105 miles, and acquire the D enison & W ashita V alley R y., C o l
term inal trackage m M inneapolis, St. Paul and Sault Ste Marie aggi e
gate to Leliigh, I. T., and branch, 6 miles. C onstruction had n ot been
gatin g 19 miles.
beguu in July, 1902. See B o n d s below . V. 74, p 1 03 8,1 1 40 .
H i s t o r y .— Form ed June, 1 8 8 8 , b y consolidation o f the M inneapolis
L a n d G r a n t .—Land grant in Indian Territory 3,110,400 acres, sub
Bault Ste. Marie < Atlantic, the Minneapolis < Pacific, etc. (See V.
fe
&
46, pp. 5 3 8 , 6 0 9 .) Controlled b y Canadian Pacific, w hich July 1 , 1 9 0 1 , ject to extinguishm ent o f Indian title. F or status in 1897 and 1898,
see V. 67, p. 2 2 2 ; V. 65, p. 542, 594. (V. 55, p. 937; V. 61, p.1155.)
ow n ed $ 7 ,0 6 6 ,6 0 0 com m on and $ 3 ,5 3 3 ,4 0 0 pref. stock, etc.
Sto c k .—I n 1902 $820,000 additional stock was issued to purchase
B onds .—Can. Pac. guarantees b y endorsem ent 4 per cent interest on
all the bonds assenting to a reduction o f interest to 4 per cent. (See the Mo. Kansas & N orthwestern R R ., Joplin to Mineral, K an., 29
V. 50, p .7 8 4 ; V. 51, p. 239. A bou t one-half the Minn. < Pac. bonds miles, and Iola to M oran, 15 miles. V. 74, p, 884, 1139.
te
B onds .—M. K. &. T. 1st and 2d m ortgages o f 1890 [abstracts In V
and p ra ctica lly all of the other issues assented. V. 54, p. 799.)
A bstract o f Minneapolis Sault Ste Marne dt A tlantic m ortgage in V. 45, 51, p. 495] cov er line from H annibal, Mo., to a poin t 80 miles from
H ouston, T ex., 941 miles [excep t 71 miles o f trackage] and sundry
p. 243. The consol, mortgage o f 1888 (trustee, Central Trust Co., mort
ga ge abstract C h r o n i c l e , V. 47, p. 142), was fo r $21,000,000 on 800 oranches, the total m ileage m ortgaged being 1,601 miles, including the
Sherman Shreveport < So., but see below .
fe
m iles (sufficient o f this am ount being reserved to retire the prior
These m ortgages also cov er the right to the land grant in the Indian
bonds) and for $20,000 per m ile on all additional|miloage. V. 73, p. 185.
Of the $5,000,000 2d 4s o f 1899 $ 3 t500,000 were issued to take Territory. Firsts are reserved fo r T. & N. firsts; on Stock E xchange
up certain m aturing interest-bearing obligations and current capital to July, 1902, $39,718,000 had been listed. Paym ent o f interest on
expenditures and fo r equipping o f term inals and additions, the re the second mortgage o f 1890 is obligatory since the coupon of Aug. 1,
m aining $1,500,000 to be issued hereafter from tim e to time on ly as 1895; previously ttre ce iv e d 2 p. c. Interest yearly.
The M issouri Kansas dt Eastern bonds originally guaranteed w ere
required.—V . 68, p. 669, 771, 977; V. 71, p. 645.
assumed In June, 1896, the road form ing the St. Louis extension from
L a t e s t E a r n s .— 11 m o s . ) 1 9 0 1 -2 ..G r o s s , $ 5 ,6 8 3 ,6 6 8 ; n e t , $ 3 ,0 2 * ,* 5 6
Franklin, Mo., to Texas Jun ction, Mo., 162 miles. See V. 63, p. 30.
July 1 to May 31.
$ 1900-1..Gross, 4,080,344; net, 1,754,305
Or the St. Louis division 1st refunding bonds; $4,666,000 were reR e p o r t .— R eport fo r year ending June 3 0 ,1 9 0 1 , was in V. 73, p. 897.
erved fo r the retirem ent o f both issues, the balance being fo r exten
sions and im provem ents on the division. V. 72, p. 1034.
Tear.
Oross.
Net.
In i., taxes,etc. B al., sur.
The Sherman Shrevepor't dt Southern m ortgage is for $6,000,000 at
190 0-01 .................$4,*17,075
$1,952,737
$1,624,864
$327,873
1 8 9 9 -0 0 ................ 5,151,188
2,596,605
1,715,733
880,872 $20,000 per mile; issued, $1,689,000, o f which $1,611,000 pledged
under M. K. & T . m ort. o f 1890. The bonds, form erly guaranteed, were
- ( V . 68, p 977; V. 69, p. 906; V. 71, p. 6 15; V. 73, p. 185, 8 9 7.)
assumed upon consolidation in May, 1901. V. 72, p. 1034, 1115.
M i n n a p o h s S u p e rio r St. P a u l & W i n n p e £ R R « - I q July,
G u a r a n t ie s .— Dallas & W aco bonds are guaranteed, principal and in
1902, had 40 miles graded rrorn M inneapolis, Mum., northw ard, o f a
terest (issue limited to $ 1,340,000>
p rojected line from Minneapolis via Anoka, etc., and Grand R apids
The B oonvilte B ridge 4s are guaranteed, principal and interest, and
t o BeaucJette on Rainy Lake River, 320 miles, there con n ectin g with
also as to sinking fund beginning 1911. V. 73, p. 494.
the Canadian Northern R y. for Winnipeg, 156 m iles; also p rojected
The M. K. < T. in Texas m ortgage seouirs $10,000,000 o f bonds at
£
from a p oin t near Anoka via Rush City to Superior, Wia., 120 miles.
See V . 74, p. 1196; V. 75. p. 77. In corp orated on May 12. 1902. $20,000 per mile for extensions iii Texas. They are guaranteed p rin
56, p.
Stock authorized, $10,0 0,000. Bonds are issuable at $20,000 per cipal and interest. See above, and guaranty V. bonds 604. guaranteed.
are
mile, including equipm ent, about $1,000,000 being reserved fo r a MThe Southwestern Coal dt Improvement Oo.'s
ortgage ($1,000,000) covers th e coal on 51,000 acres in Indian Ter
b ridge over the M ississippi River at A noka, term inal facilities at St.
and the com pany also ow ns
Paul and Minneapolis, and term inals, docks, etc., at Superior, Wis. ritory,Washita R y., 20Jmiles, mines in2,350 acres additional, the D en i
son <
fc
active operation, etc.
President, Samuel M. H anley, M inneapolis, M inn.—(V. 75, p. 77.)
The Missouri Kansas & Oklahoma bonds are guaranteed, principal
M i n n e s o t a Sc N o r t l i W i s c o n s i n R R . - S e e page 175.
and interest; the bonds are issuable at $20,000 per m ile on new m ile
P i M i n n e s o t a T r a n s f e r R y . —U nion road, ow n ing 13*5 miles, e x age to be constructed in Oklahoma. The Texas & Oklahoma bonds
are also guaranteed; of the latter a part are issuable on ly in exchange
tending from ju n ction w ith Chic. Mil. & St. Paul at M erriam Park to
F ridley (with stock yards, etc.); side tracks 36*23 miles; total 49 73 fo r the Denison & W ashita bonds, balance for construction. V. 74, p.
1038; V. 75, p. 135.
m iles.—(V. 67, p. 956 ) Stock, $63,000, equally ow ned by:
*’ 55,694
I
I
Two Hi
LUTH Jk.
K&jabekana0^
. / \
9i
Valley C;
Davenport'
Fa Mon;
W ak pc tori
Edgeley <>Oakes
Monarigo'O
Ellendale
PACIFIC
X y n orth ern
Eureka
Barnes V. ^o,
^^nridgre
/
Falls
PAc]
^
i Park «
Rapids
inner
w
Moose L
j> Mffle Lacs
RAILROAD & COXXECTIOXS.
H in c K le y ^ ^ .
pooner
ra n tsb u rg
Sauk-Rapids
Elbow
MINNEAPOLIS & ST. LOUIS
&
iwa’s Valle;
PrentieevSrS.
lelaride.
T u r tle
Monieo Jc.
Chelsea.
Owdle
Roscoe
Chipjiewa Falls
Yastiug8- ^
| !N o ^ > v
Wausa1
Abbotsford
EahX'laire
Clinton
Redfield
Vienna,
Orient
D eadw ood
G
Q
.ron
W olsey
Marshall
7ilaSv ^
A
O
Chamberlaii
W
rii'falo Ga]
WMte
v ,9v
River
Arm our
\
iianr^L
M
o
Niobrara
Valentine
/Unn Greenville
Alton & Cornell]
Wend{>ver
Alliance
Butka
Brewster
P
iK
ALO
SterflBi
Greeley
Holdrogl
Culbertsi
Nichols
Columbus Jo.
Knowiton /O * J *(
NCO.L
j
Iamhurff/
Exete;
/
m.*
f
aw iU'q
I
lellevil
LeoiiV^ Centerville
^eym ourxf' ^
4^777*7 /
/ .vv/ l ’attousbur
llerhigtonMo,
atch
mm
Buck Iin
Columbia
05
Jetmoro,
Syracuse
Ia Plata W.Quiiu y
AnnadaTv
FoUn
Oakle;
La Junta
Chhmpai^rA
lavnu;
Moberly
/Atclilso:
'owns
7 ^
/ / ^ 7
i^ m in ^ o n &m i¥J
Q^tadison
Hurt! land
^ T U C a i n e r o n X Gli
Horton
>*
Oilman
Mom via
Conception
Beatrice
Yuma
Colorado
Spra.
u s c a tin e
eokuk
^©publican
Colby
Dodge Cy.
io r e n c o
utchins:
N*\sANTA
- r vam
Smith boro
Olot he"
jlWtl it I
JEFFERSON
CITY
Great Bow
Lamed
IK r,!-! v4
;:5o*.^v:
New Boston--'
Mindon
Limol
•
-
Cedar Rapids
V
&
Elniira
V - 'i-LslT
Grand Islahi
Kearney
r ‘
^
.enesa’
BeloitJ
Montezun
Grant
P
>5
“
k U ^T
dh
David
<1
o
Clermon'
iFjrm-portf
Coluinbus
M
d u C h ie n
unbeck ■ .
v
’Carroll
\ Albion
<1
o
Abbott
Marshall
,Ona\vh
Viroqua
Oelwein
JedaTT’alls
kJVaterlqo-
ama
/cV M a p le to a
Ericson \
.f
^tT>W ayerly
Wakefield
WayneN
\ Winnecoxme t
Sparta
Ossian
Uariitw ’ Marble Rock
\jBelinq\d ^Clarksville
JOUX RAPIOS
W all Lak<
Oakdale
%
D eco rail
‘J§\Nora Jc,
Ilartington
Randolp]
O’Neill
T 1o v e r -^ A p p le ton
ia Crosse
Northwood
(LManly Jc>
Bassett
Ainsworth1
o
G
Q
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Centraiia
tGlenvilU
MDunneW
.unmng
G
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LHartland
i Manch&tl
7 r. & l.vV
a
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atronj
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^ . / LP» v ^ J esthervilli
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Raleigh** o
Terrill 1
-V * **/ M Lnngflnn^
.
qy
SPENCER- ‘
Etnmettslm!
'a rio n > -p \Parker
Merrill:
Winon;
Rochester nss
La Crescent
>Otyco\
\ a ' \ ^HuntincrtOn
X f a l l s IV
Scotland
H
'A
\ s io u y -X
X >
Mankato^><^
LaSalle^
T
Qz>
L. Crystal
r
ALBERT
Tracy
S
,estone
M adison
itch e l\ s alem
nont
ttabasha
Hanska M Q:
E lk to n X ^ —/T
Woonsocket.
Q
\La,Fayette
"Klossner B
N W ,LM TE \U jG
i—
"SearleB^F
C l i n t o it
Cuba
Warsaw
Bngnell
st:raiM
Otmsfl
V
KOkoroo‘^1
INVESTORS’
S3
SUPPLEMENT,
IV
o l
, LX X V .
Monas—i^nnoi INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
A m ount
Par
of
of
F or explanation o f colum n headings, &c., see notes
Outstanding Rate per When W here Payable, and by Stocks—Last
Cent. Payable
Road. Bonds Value.
Whom.
on first page o f tables.
Dividend.
RAILROADS.
M issouri Kansas & Eastern—See M is s o u r i K an
M i88o a r i K a n s a s & T exa s—Common s to ck .........
Preferred stock, 4 per cent n on -cum ulative.........
Tebo. & N e o s h o ls fm o r t., gold, s. f., red. at 100..
M. K. & T. 1st m ortgage, gold, C e ...........................
2d M. (form erly incom es), see text, gold M e . ..
1st M. exten. bonds, gold, $20,000 p. m .« 'e ..c *
St. Louis D iv., 1st, ref'g M , $ 6,0 00 ,0 00 .F - . .c*
Mo. K. & East. 1st M., $4,000,000 g., assum.Ce.
2d m ortgage, guarantee 1, bein g retired ........
Sh. Sh. & So. 1st M., $20,000 p. m., g., assu .C e.c*
Kan. City & Pacific 1st M., gold, a s s u m e d .C e ...o ,
Guaranteed bonds—
Dallas &Waco 1st M.,$20,000p.m . g.p.<fe i.gu .C e c*
M .K .& O k .,lstM ,$ 20 ,0 00 p. m .,g.,gu .p & i.C ec& r
T exas < Okla., 1st m o r t , gold., guar. p. & i .........
fc
M. K. < T. o f Texas 1 st M., $20,000 p.m ., g ., gu. C e c*
fe
B oonv. Br., 1st M., g., gu. p. <fei., end, s. f C e ...c *
S. W. C. & Im p. 1st M .gu. p .& i.,s . f.,c a ll at 1 2 5 .F
M is s o u r i P a c ific —Stock ($100,000,000 auth.) ...
Pac. R R . o f Mo. 1st M., extend, in 1888, g o ld .M e
2d m ort. ext. in 1891 in gold, St. L. to K. C -.c*
1st M., St. Louis real estate, ext. in 1892, gold .
1st M. Carondelet Br., g., gu. p.& i.(en d.)ext.'93
3d M. (cover'g a llp rop e.of Pacific R R . o f M o.)C e
Mo. Pacific 1st M., L exin gton to Sedalia, M o, gold
Consolidated m ortgage, $30,000,000, g ola .-.e*
G old collateral trust. IJ n .................................... c*<fcr
1st collat. m ort.bon d s for $10,000,000 g . M e .. .c*
Ler. & Caney Val. 1st M .,g., gu. (V. 7 0 ,p. 1095).c*
Verdigris Val. Independence & W. 1st M.,g.,guar.
SAS & T e x a s
100
1,601
1,601
127
....
162
162
202
130
67
—
180
....
....
....
283
283
....
13
296
55
1,076
1,120
671
52
81
1870
1890
1890
1894
1901
1892
1892
1893
1890
$100 $56 100,300
100
13,000,000
1,000
187,000
500 &c. 39,813,000
500 &c. 20,000,000
1,000
2,548,000
1,000
1,841,000
1,000
4,000,000
1,000
120.000
1,000
1,689,000
1,000
2,500,000
1890
1,000
1902
1,000
190 l
1892
1,000
1901
1,000
1,000
1889
100
....
1,000
1868
1871
1,000
1872 500 &c.
500
1873
1876
1,000
1880 500&c.
1880
1,000
1,000
1887
1890
1,000
1,000
1886
1,000
1886
M i s s o u r i K a n s a s Sc T e x a s R y .—(Concluded.)
E quipm ent Notes.—On June 30, 1901, these aggregated $912,257,
payable part yearly till Aug., 1905. A con tract was m ade tor 2,000
oa rs to be delivered during 1901-2 on deferred paym ents.—V. 73, p. 609.
L a t e s t E a r n i n g s .— 11 months ending M ay 31:
Gross.
Net.
Charges.
Surplus.
1901 2... ..............$15,218,646 $4,363,465
$3,335,844
$1,027,621
1900-1................ .. 14,201,569
4,073,380
3,203,636
869,744
Operated 2,480 m iles in 1901-2, against 2,222 in 1900-1.
A n n u a l R e p o r t .— Annual m eeting first Thursday after first M onday
in A pril. R eport 1900-01.—V. 73, p. 609. See also editorial, p. 587.
Tear end. June 30.— 1901.
1900.
1899.
1898.
A ver.m iles op erated.
2,265
2,218
2,200
2,197
Passenger earnings. $2,658,245 $2,152,768 $1,943,123 $1,919,551
F reigh t...................... 12,097,618
9,886,995
9,394,922
9,559,000
Mail, express, etc...
647,220
586,749
592,289
568,681
Gross ea rn in g s....$ 1 5,4 03 ,0 83 $12,626,512 $11,930,334 $12,047,237
Ope. exp .an d ta xes. 11,134,147
8,765,470
8,012,829
8,182,388
N et earn. ,inc.oth.in ff$4,307,073 ^$3,904,251 tf$3,979,093 1T$3,933,939
Interest on b on d s.. 3,118,015
3,082,093
3,063,593
3,061,760
R entals., & c.............
389,142
371,292
366,817
397,422
B alan ce...............sr.$799,916 sr.$450,866 sr.$548,683 sr.$474,757
U$38,137 in 1901, $43,209 in 1900, $61,588 in 1899, $69,090 in ’ 98.
Of f i c e r s .—Ch airm a n and President, H enry C. Rouse, N ew Y ork ;
V ice-Pres, and G en M anager, A . A. Allen, St. Louis, Mo.; Vioe-Pres.
and Treas , C. G. H edge, New Y ork; Secretary, S. H alline, 49 Wall St.
D irectors—John D. R ock efeller, W illiam R o ck fe lle r, H en ry C. Rouse, C ol-
y t,
F.
Chas.
fate H oand H en ry W .L.P oor. J oel NewFreem an, yron T.G. H edge, Jam es Brown
'otter
H erbert
Satcerlee,
York; M
H errick, Cleveland, O.;
F .N . Finney, M ilwaukee, W is.; B. P. M cD onald, A lfre d J. P oor and T. N. Sedg
w ick, o f Kansas; H . J. De Marez Oyens, A m sterdam , H olland,
— (V. 74, p. 830, 8 8 4 ,1 0 3 8 , 1089, 1139, 1252; V. 75, p. 135.)
M is s o u r i P a c i f i c R y . —(See M a p .)—Operates im portant system o f
roads extending w esterly and southw esterly from St. Louis, M o., In
cluding m ain lines from St. Louis to Omaha, N eb., 495 miles, and from
Kansas City to D enver, Col., 758 miles, w ith m any branches in K a n
sas, etc. Through the St. Louis Iron Mt. & Southern,w hich it con trols,
con n ection is had with T exas and the lines o f the T exas & Pacific,
International & Great N orthern and the St. Louis Southwestern, th e
w hole form in g w hat is know n as the “ G ould S y ste m /' in w hich the
heirs o f Jay G ould are largely interested (see list o f Mr. G ould's h o ld
ings, V. 60, p. 83.) The Mo. Pac. p rop erty in clu d e s:
L in es owned and controlled. Mites.
Leased lin es, etc—(O on.) Miles.
St. Louis to Omaha................. 495 L eroy & Caney V a lle y .............. 52
Other m ain line . .................. 764 Kansas City & S. W..................... 48
25 branches ow n ed ..................1,701 Other lin es..................................... 192
Leased lines etc.
Trackage to St. Joseph, e tc ___ 27
B oon ville St. L. & Sou th ern ... 44
Verd. V alley Ind. & W est......... 81 Tot. Mo. P a c.a n d b r'n ch lines. 3,408
A lso ow ns all capital stock o f Central Branch Union P ac., etc,, 388 m.;
St. Louis IroD Mountain & Southern and leased lines,. 1,773 miles.
Grand total Missouri Pacific m ileage January 1, 1901, 5,324 miles. In
E xtension building from B oon ville to Jefferson City, 22 miles, and
Lake City to Kansas City about com pleted A pr.. 1902 —V. 74, p. 574.
E arly in 1901 a large iuterest was acquired in the D en ver < R io
fe
Grande R R. and so in the R io G rande W estern R y., exten din g the
system as fa"’ west as Ogden, Utah. The G ould and R ock efeller h old
ings in the D enver < R io Grande are together understood to constitute
fe
a large m ajority o f the entire capital stock.
In 1901 the New Orleans < N orthwestern R y,, Bastrop, La., to
fe
N atchez, Miss., 102 miles, was acquired, the road to be extended
from N atchez to Little R ock, Ark., about 150 miles; also the Little
R ock & H ot Springs W estern R R ., Little R ock to H ot Springs, A rk., 57
miles. V. 74, p. 5v4. Tbe Ark. M idland RR., H elena, A rk., to Claren
don, etc., 71 miles, and the Mississippi H am burg < W estern R y.,
fc
H am burg to Luna, Ark., 39 miles, were also purchased. V. 74, p. 206.
In 1901 the W hite R iver RR. and the Memphis H elena < Louisiana
fc
w ere incorporated to build extensions and in 1902 the H ouston Beau
m ont < New Orleans Ry. V. 73, p. 1160; V. 74, p. 1 039. Of the W hite
fe
R iver road, B atesville, A rk., to Pender’s Bluff, 20 miles, was operated
In Mar.. 1902, and 20 miles additional to be com pleted about June 1.
O r g a n iz a t io n , L e a s e s , <feo.—The P acific RR. o f Missouri was sold in
foreclosure September 6 ,1 8 7 6 . The present com pany was a consolida
tion in August, 1880, em bracing the Missouri Pacific and m inor roads.
The bonds of the proprietary lines are p ractically all pledged to secure
Mo. P acific loans. The Iron Mountain stock is m ostly ow ned b y the
Missouri Pacific. Control o f the International & Great Northern
was secured in 1892 and o f Central Br. U P. in 1898-99. See V. 68,
329, 520. In N ov., 1900, purchased entire stock o f Kansas City
orthweetern Ry. V7 71, p. 1121. A s to Texas & Pac., see below .
*15t o c k .—In J u ly,1901, the authorized capital stock w asincreased from
$70,000,000 to $100,000,000. The am ount outstanding on Dec. 31,
1900, was $50,432,150; this was increased to $76,402,875 in
1901 b y the conversion o f $11,218,000 collateral trust bonds and
by issue o f $2,983,500 for purchase o f entire stock, and $2,983,500 “ B "
&
7 g. J. & D. N. Y. Office, 49 Wall St. June 1, 1903
4
4
5
4
5
5
5
4
g.
g.
g.
g.
g.
g.
g.
g.
J.
F.
M.
A.
A.
A.
J.
F.
&
&
&
&
&
&
&
&
D.
A.
N.
O.
O.
0.
D.
A.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1,340,000
do
do
5 g- M. & N.
See text.
5 g. M. & N,
See text.
3,597,000
do
do
5 g. M. & S.
1,000,000
do
do
4 g. M. & N.
968,000
6
J. & J.
do
do
76,402,875 5 in 1902 J. & J. N. Y ., 195 Broadw ay.
7,000,000
fc
4 g. F. < A. N. Y ., M ercantile Tr. Co.
2,573,000
do
5 g. J. & J.
do
800,000
do
do
5 g. M. & N.
237,500
fc
do
do
4 ^ g. A. < O.
3,828,000
M. & N.
do
7
do
650,000
do
do
5 g. F. & A
14,904,000
do
do
6 g. M. & N.
14,376,000
do
do
5 g- M. & S.
9,636,000
do
do
5 g. F. & A.
520,000
J. & J.
do
do
5 g.
806,000
do
do
5 g. M. & S.
June
June
Nov.
Apr.
Apr.
Apr.
June
Ang.
1,
1,
1,
1,
1,
1,
1,
1,
1990
1990
1944
2001
1942
1942
1943
1990
Nov. 1, 1940
M ay 1, 1942
1952
Sept. 1, 1942
N ov. 1, 1951
July 1, 1929
July 21/02,21*
Aug. 1, 1938
July 1, 1938
M ay 1, 1938
Oct. 1, 1938
N ov. 1, 1906
Aug. 1, 1920
N ov. 1, 1920
Jan. 1, 1917
Ang. 1, 1920
July 1, 1926
Mch. 1, 1926
bonds o f K. C. N orthwestern, and b y further issue o f $14,422,000
[partly at par to stockholders] to purchase $14,800,000 com m on and
$7,300,000 preferred stock o f D en ver & Rio Grande and fo r other pu r
poses.—(V. 72, p. 1188, 1238, 1280; V. 73, p. 185, 1356 )
D i v i d e n d s — ) '8 1 '8 2 '8 3 t o '8 7 '8 8 '8 9 '9 0 '9 1 '9 2 t o '0 0
Per ce n t... 5 6 6^4 7 yearly. 5*4 4
4
3
N one
'0 1
'0 2
5
On July 2 0 ,1 9 0 1 , 2 1 p. c. w as paid; '02, Jan., 2 ^ p. c.; July, 2 1 p .c
*
*
2^
B o n d s .—The consolidated m ortgage is fo r $30.000,000—trustees J ohn
F. D illon and Edward D. Adam s—the balance unissued is in trust to
redeem prior bonds due if deemed best. A bstract in V. 47, p. 287.
The collateral trust bonds due 1917 (Union Trust Com pany o f New
York, trustee) are secured b y m ortgage bonds o f new roads at $12,-000
or $15,000 per m ile; these em bracing the line from F ort Scott, Kan.
to Pueblo. C o l . etc. F or securities pledged, etc., see V. 46 ,p.678.
Collateral trust bonds due in 1920, see V. 50, p. 669, 874.
G e n e r a l F in a n c e s .— In Jan., 1902, $22,276,000 o f the $23,172,588
Texas & Pacific 2ds had been exchanged fo r 65 per cen t in a new St.
L. & I. M. bond. (V. 68, p. 283, 619, 725, 774.) In July, 1901, d ivi
dends on stock w ere resumed. V. 72, p. 1238. The $11,218,000 co n
vertible deben't o f 1900 w ere exchanged in 1901 fo r stock. See above.
In July, 1901, dividends w ere resum ed.—V . 72, p. 1238.
E a r n in g s —5 m onths, ) 1902. ..G ross, $11,494,992; net, $3,198,357
Jan. 1 to M ay 31. 5 1 9 0 1 ....G ross, 11,215,699; net,
3,936,640
A n n u a l R e p o r t .— Fiscal year ends D ec. 3 1 . A nnual m eeting is held
at St. Louis in March. R eport fo r 1 9 0 1 was in V . 74, p. 5 7 4 . Earnings
o f Missouri Pacific system have been as below . “ Other in c o m e " In
1 9 0 0 in clu d es: D ividends St. L . I. M. & S o. R y ., $ 1 ,5 4 4 ,0 1 1 : Am erican
R efrigerator Transit Co., $ 2 3 ,8 6 8 ; Pacific E xpress Co., $ 4 0 8 ,0 0 0 ; Den
v e r & Rio Grande R R ., $ 3 6 5 ,0 0 0 ; coal com panies, $ 2 0 1 ,6 3 0 .
T ear ending Dec. 31.
1901.
1900.
Miles op era ted ....................................................
5,570
5,352
T otal earnings. .................................................. $36,661,093
$ 3 2 ,2 9 2 ,2 8 8
Net earnings........................................................ 13,045,579
11,088,893
Other incom e, & c............................................... 2,473,431
1,371,889
Total net income.
$15,519,010
$12,460,782
Interest and rentals.
... $6,615,889
$6,791,798
Taxes ............. ..........
.. .
1,082,916
1,065,094
Min dry accounts......
785,340
341,683
D iv id e n d s .......
(5% )3,563,302
Balance, surplus. ...
$3,818,550
... $3,914,720
O f f ic e r s .— President, G eorge J. G ou ld ; Secretary and Treasurer, A .
H. Calef, 195 B roadw ay, New Y ork.
D irectors.—G eorge J. G ould, Russell Sage, Edwin Gould, Samuel Sloan, Joh n
P. Munn. Louis Fitzgerald, H ow ard G ould. E. Parm elee P rentice, Fred. T,
G ates and Fraok J. G ould, New York; C. G. W arner, Russell H ardiog, W . K.
Bixby, St. Louis, M o.—( V. 74, p. 9±, 200, 5 7 3 * 630,)
M is s o u r i P a cific S y ste m —St. L o u i s I r o n M o u n t a i n Sc
S o u th e r n WLy*—(See M a p .)—Owns St. Louis to Texarkana, Tex. Line.
490 m.; oranches to Belm ont,M o., B ird's P t , Mo. (Cairo), Camden, Ark,,
Helena, A rk.. Cushman. Ark., Arkansas City, A rk., W arren, Ark., Mem
phis, Tenn.. <fcc., 747 miles; H ouston Central Arkansas & Northern R ail
way, MoGenee, Ark., to A lexandria, La., 190 miles; total ow ned Janu
ary 1, 1900, 1,427 miles. Leases Little R ock & Fort Smith and Little
Rook Junction railroads, 176 miles; Kansas < Arkansas V alley R R .,
te
170 miles. Total operated D ecem ber 31, 1 90 1,1 ,7 73 miles.
In Deo., 1901, holders o f $22,276,000 o f the $23,172,588 Texas <
fe
P acific seconds exch an ged their bonds fo r 65 per cen t in new Iron
Mtn. gold 4 s bearing interest from July 1, 1899. See B o n d s b elow ,
also V. 68, p. 329. 380, 474, 5 2 0 , 572. 619, 725, 774. In 1901 the en
tire stock o f the Arkansas M idland R R ., Helena, Ark, to Clarendon,
etc., 71 miles, and all the stock and bonds of the Mississippi H am burg
& W estern R y., H am burg to Luna, A rk., 39 miles, w ere purchased.
St o c k .— Stock w a s $25,788,435, o f which $ 2 5 ,7 3 3 /9 0 Jan. 1,1902,
was ow ned by Missouri Pacific—m ostly acquired in 1881. A uthorized
lim it Increased in 1899 to $80,000,000. V. 69, p 27. D ividend in 1899
2 p. c.; in 1900, 6 p. o.; in 1901, 6 p. c.
B o n d s .— General consol, m ort. is fo r $ 4 5 ,0 0 0 ,0 0 0 , Nos. 1 1 ,0 0 1 to 1 8 .0 0 0 inclusive are endorsed with the Missouri Pacific’ s guaranty o f princlal and in terest; form o f guaranty was in V. 56, p. 650; they are a first
en on the entire system. (V. 68, p. 85, 233, 520.)
The new gold 4s o f 1899 (first issue $30,000,000) m ay he increased
not over $10,000,000, at $12,000 per m ile, fo r construction or
acquisition and equipm ent o f branches and extensions. They are
secured by a lien (sub je c t on ly to the general consols on all the rail
roads, terminals and equipm ent o f the com pany, and also a first and
on ly lien on all stocks and bonds now em braced in the trust of the
gold funding note indenture upon satisfaction thereof, all leased and
branch lines, or their bonds and stocks acquired by the loan, and all
Texas & Pacific seconds acquired, and all future extensions and
branches constructed or aoqmred.
Of the $30,000,000 at pres
ent authorized $16,250,000 were issuable to retire the entire
issue of Texas < Pacific seconds, and $12,114,000 to retire at onoe
fe
$3,952,000 gold funding notes and $3,412,000 Kansas & Arkansas
V alley 1st 5s, aud also eventually $2,596,000 Little Rock & Ft. Smith
bonds, $435,000 Little R ock Junction 1st 6s, $683,000 car trusts, and
$20<>,000 Baring Cross Bridge b >nds and the balance, $1,636,000
available for im provem ents. (V. 68, p. 619; V. 70, p. 997; V. 74, p. 206).
S
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94
IN VTESTORS’
SUPPLEMENT,
[V
o l
. LXXV .
Ronds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
of
Par
For explanation of oolumn headings, &o., see notes
Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding
on first page of tables.
Cent. Payable
Whom.
Dividend.
RAILROADS.
Missouri Pacific System—(Concluded) —
St. Louis Iron Mountain & S ou th ern 5 g. A. & O. N. Y., Mercantile Tr. Co.
Gen. consol. A 1. gr. M. ($45,000,000) g ---- M e .c* 1,538 ’ 81to’7 $1,000 $36,471,000
....
1,000
Do
do
gold, stamped, guar. p. & i..c* 1,538
6,936,000
do
do
5 g. A. & O.
1,000 24,195,000
Unifying & ref. M., gold, $40,000,000-M p ...o* 1,538 1899
do
do
4 g- J. & J.
....
....
Car trusts June, 1902, due y e a rly ..................
2,745,000
6
Quar’ly.
do
do
Baring CrossBridgeCo., 1st m.,gold,red. to 6p.e. . . . . 1873
200,000
6
do
do
Little Rock & Ft. Smith 1st M..land gr. sink.fund.. 165 1875 500 &C.
2,342,500
7
do
do
J. & J.
2 1891
1,000
Little Rock Juno. lstM .,g u . p .& i.b ylr. M t.M e.c*
435,000
6
A. & O.
do
do
....
....
100
Mobile < Lirmmgh. RR.—P fei. stock ($900,000)—
&
900,000 See text. J. & J. N.Y..J.P.M.&C 0. &Lon.
149 1895 200, 1,000
Prior lien, gold, $600,000.................................C e .c
600,000
5 g- J. & J. N. Y.,J. P. Morgan & Co.
149 1895 200, 1,000
1st M., $1,200,000............................................ M e .c
1,200,000
4
do
do
J. & J.
1,000
75 1896
Mobile Jackson < K. 0.—lstM ..g.,$4,000,000.C e.0*
£
1,440,000
5 g. J. & D. N.Y., Colonial Trust Co.
....
....
100
Mobile < Ohio—Stock (So. Ry. Tr. certs) gold ........
£
5,320,600 See text. A. & O. N. Y., J. P.Morgan & Co.
lstM .,M ob.toC ol. (prin.g., int. lawful money). F.c* 472 1879 500 &0.
7,000,000
6
J. & D. N. Y ., Farm. L. & Tr. Co.
1st M., exten.,Colum. to Cairo & branch,gold. F . e*
55 1883
1,000
1,000,000
do
do
6 g. Q.—Jan.
General mort. for $10,500,000, (now gold) s. f.F c 527 1888 500 &e.
See text.
4 g. M. & S. N. Y., Gallatin Nat. Bk.
1,000
Montgomery Div., IstM ., $4,000,000, gold C e.c* 189 1897
4,000,000
do
do
5 g- F. & A
. . . . 1900
Collat. trust, gold, ($2,500,000) call at par G .c*
1,000
2,494,000
N. Y., Guar. Trust Co.
4 g- Q .-F .
St. Louis & Cairo 1st mort., gold, int. g u a r.G .. .c 161 1886 500&C.
4,000,000
J. A J. N. Y., Farm. L. & Tr. Co.
4 g38 1899 500 &C.
Mobile & B.Sh. 1st M „ $200,000, gu.,p.& i.,g.F.o*
200,000
5 g- M. & N. 1st Nat. Bk.,Mobile,Ala
. . . . ’94-’98 1,000
Equipment bonds ($465,000 are 6s).....................
592,000
5-6
Various. N. Y., Farm. L. & Tr. Co.
1,000
Equipment trusts “ A ” & “ B” (V. 71, p. 749), 8. f. . . . - 1899
do
do
1 ,0 0 0 ,0 0 0
5
IT
Mo/i,.<£MaL-lstM.,$15,000p.m.,g.,gu.p.&i.(en.)!h c* 181 1892
1,000
2,500,000
4 g. M. & S. N. Y., Knickerb. Tr. Co.
. . . . 1902 1 00 0 &C
Consol, mortgage, $10,000,000, g o ld .G ---- c'& r.
3,900,000
3iag. M. & S. N. Y., Gr. Cent. Station
Monongahela River RR.—Bonds—See B. & O. RR.
Montana Central—See G r e a t N o r t h e r n .
100 1900
1,000
Montana RR - 1st M., g., $2,000,000.............. Ce.c*
See text.
5 g. J. & J. N. Y., Central Tr. Co.
1,000
Montgom’y Belt L .-ls t M., $200,000, lawful m on ey. c . . . . 1890
200,000
6
J. & J. N. Y ., M etropol’n Tr. Co.
Montgomery < Erie Ry.—1st m. (old 7s ext. in ’86) . . . . 1866
6
130,000
5
M. & N.
Goshen, N. Y.
. . . . 1867
5
2d m ortgage (old 7s extended in 1887).................
A. & O.
do
do
40,500
ir “ a ,” M. & N.; “ B,” A. & 0 .
A n n u a l R e p o r t .— Report for 1901 i n V. 74, p. 575, showed:
Year ending Dec. 31—
1901.
1900.
1899.
Gross earnings......................... $16,961,021
$14,581,037 $13,806,118
Net earnings...................
6,944,947
6,033,022
5,029,581
Other receipts.................
1,062,572
399,235
997,051
6,432,257
6,026,632
Total net incom e............. 8,007,519
Interest on bonds........... 3,118,403
3,070,598
2,638,313
Taxes, bridge exp., rent’ls, &o.
757,468
1,205,547
2,631,519
Dividends............................... (6%) 1,547,283(6%) 1,547,242 (2%) 515,745
Balance for yea r................. $2,584,365 sur.$608,870 sur.$241,055
—(V. 69, p. 27; V. 70, p. 329, 947, 997, 1292; Y. 71, p 1121.)
M o b i l e Sc B i r m i n g h a m B i t . —Mobile to Marion Junction, Ala.,
149 miles; opened in July, 1888. Leased to Southern Ry. from June 1,
1899, for 99 years, the latter agreeing to meet the interest on bonds,
and to guarantee a dividend on the $900,000 preferred stock of 1
per cent for first year, 2 per cent for second year and 3 per cent for
third year, and 4 per cent for the fourth year and thereafter. The
$900,000 common stock is owned by Southern Ry., and the voting
pow er on the preferred irrevocably assigned to the Southern Ry.
during the term o f the lease. V. 68, p. 429,1134; V. 69, p. 391; V. 71,
p. 1013. Earnings now included in those of Southern Ry. Reorganzed after foreclosurein 1895 per plan Y. 60, p. 657. (V. 72, p. 137 )
M o b i l e J a c k s o n Sc K a n s a s C it y B R .- O w n s from M obile to
Beaumont, 70 miles; extensions Beaumont to H attiesburg, about 30
miles, and Beaumont to Decatur, about 100 miles, both under con
struction. In N ov., 1901, acquired the Kingston & Central Mississippi
RR., Laurel, Miss , to Bay Springs, 25 miles. V. 73, p. 1011. E x
tension also proposed from Augusta, Miss., 13 miles south o f H atties
burg, north to Memphis, Tenn.; contract being let for 100 m. to ju n c
tion with Alabama & Vicksburg Ry. V. 74, p. 206. The Gulf & Chicago
Ry., Pontotoc, Miss., to Middleton, Tenn , 62 miles, narrow gauge, was
purchased July 1, 1902. Y. 74, p. 1196. Stock, $4,000,000; issued
July, 1902. $1,440,00^; par of shares, $100. Bonds limited to $20,000
per mile. V. 70, p .6 8 7 . Report for year ending June 30,1901, in V.
73, p. 1008, showed (50 miles), gross, $140,730; net, $76,272; in 1899-0,
gross, $114,363; net, $56,900. President, F. B. Merrill.—(V. 73, p.
1 0 0 8 ,1 0 1 1 ; V. 74, p. 206, U 96.)
M o b i l e Sc O h i o R R . —(See M ap go. R y .) —Owns from Mobile,
Ala., to Columbus, Ky., 472 miles, proprietary line, Kentucky & Ten
nessee RB to E. Cairo, 21 miles; branches to Columbus, Miss., &o., 34
miles; Columbus, Miss., to Montgomery, Ala., 167 miles; with Warrior
Branch, 9 miles, and B locton Branch, 12 miles; total owned, 715 miles;
St. Louis < Cairo (leased), Cairo to St. Louis, 152 miles, with branch to
fe
M illstadt,7 miles; total operated, 874 miles. O nD ec.1,1899, the M obile
& Bay Shore Ry., whose entire stock is owned and bonds guaranteed,
was completed from Pritchards to Portersville on the Gulf o f Mexico
and Alabama Port, a distance o f 38 miles. - (V. 69, p. 856.)
H i s t o r y , E tc .—Opened in 1861; securities readjusted in 1879.
Lands June 30, 1901, were £03,102 acres, valued at $167,368.
In 1902 the Southern Ry. had acquired $7,943,000 of the
$9,472,000 gen. 4s and $4,932,600 of the $5,320,600 stock, issuing,
dollar for dollar, its collateral trust 4 per cent gold bonds in exchange
for the M. & O. gen 4s, secured by a pledge o f the latter anu also stock
trust certificates for stock, dividends being payable (A. & O.) at 2 per
cent for one year, 3 per ceut for the second year and 4 per cent in per
petuity thereafter. The first div. of 1 per cent was paid Oct. 1, 1901.
The road w ill be operated independently.—V. 72, p. 241, 483.
D i v i d e n d s .— First div. (1 p. c.) paid Feb. 2 8,1 89 8 . As to dividends
on stock trust certificates see paragraph above
S t o c k .—Sto c k a u th orized , $ 1 0 ,0 0 0 ,0 0 0 ; o u tsta n d in g , $ 5 ,3 2 0 ,6 0 0 ;
p a r, $ 1 0 0 . T h e v o tin g p o w e r on $ 4 ,9 8 4 ,2 0 0 o f th e s t o c k is e x e r o is e d by
th e g e n e r a l m o r tg a g e b o n d h o ld e r s b y v ir tu e o f th e d e p o s it in trus'i
u n d e r th e g e n e r a l m o r tg a g e o f th e o ld deb en tu re a o f 1879, u p o n w h ich
th is v o tin g p o w e r w a s c o n fe r r e d .
B o n d s . — Under the general mortgage o f 1888 there can be no fore
closure till four coupons are in default. Mortgage abstract, Y. 47, p.
83. V. 60, p. 967
Interest on $4,000,000 St. Louis & Cairo 4s is
guaranteed. As to Mont. Div. 1st 5s, see application V. 66, p. 1045.
Of the $2,500,000 collateral trust 4s of 1900, $2,167,000 were is
suable in exohange for the $6,500,000 St. Louis & Cairo stock. See
V. 70, p. 532. In Lee., 1901, $6,489,000 stock had been exchanged.
R e p o r t .—Report for 1900-01, V. 73, p. 1058, including Montgomery
Division, 188 miles, in 1901 and 1900.
Year end’g June 30— 1901.
1900.
1899.
1898.
Miles o p e r a te d .........
874
876
688
688
Total gross earnings.$6.139 912 $5,996,731 $4,531,153 $4,207,319
Net earnings............. 1,807,061
1,663,105
1,451,631
1,300,745
Net, incl. oth. income. 1,922,012
1,756,273
1,451,631
1,300,745
Interest and rentals. 1,555,310
1,418,645
1,144,527
1,074,880
Balance, surplus*.. $366,702
$337,629
$307,104
$225,865
* Equipment and new construction (additional to operating expen
ses) cost $180,697 in 1897-8; $271,748 in 1898-9 ; $314,990 in 1899 0,
$389,416 in 1900-1.—V. 74, p. 1038.
M o h a w k Sc M a l o n e R R .—(See Map IT. Y. Central.)—Owns fron
Herkimer, N. Y., on the N. Y. Central’ s main line northerly to Malone
on the Central Vermont, with branches, 181 miles in all.
H isto r y , L ease , E tc .—I n 1893, N. Y. Central leased the road and
Apr. 1, 1931
Apr. 1, 1931
July 1. 1929
To Deo., 1910
Apr. 19,1898
Jan. 1, 1905
Apr. 1, 1916
July 1, 1902
July 1, 1945
July 1, 1945
June 1, 1946
Apr., 1902,1%
Dee. 1, 1927
July 1, 1927
Sept. 1, 1938
Feb. 1, 1947
May 1, 1930
Jan. 1, 1931
May 1, 1949
To 1908
1919
Sept. 1, 1991
Mar. 1, 2002
July
Jan.
May
Oct.
1,
1,
1,
1,
1930
1910
1926
1927
guaranteed its first mortgage bonds. A new lease In perpetuity was
arranged for in April, 1902. V. 74, p. 630. New Y ork Central owns
the $4,500,000 stock, to be increased to $5,000,000. In Apr., 1902, a
new lease in perpetuity was made, under which an issue of $10,000.000 3 ^ per cent consols was authorized, of which $2,500,000 re
served to retire at maturity the first mor gage bonds, $3,900,( 00 was
be issued at once in place o f the incomes, all or m ostly acquired by the
N. Y. Central, and the remaining $3,600 000 will be available for im
provem ents and enlargements. V. 74, p. 830. Bonds, see V. 56, p. 782.
D iv id e n d s
> 1896. 1897.
1898.
1899.
1900.
1901.
on incomes. > 2
1
2
3
3*2
5
Year ending June 30, 1901, gross, $973,451; net, $343,171; first
charges, $131,360; int. on incomes (5 p. o.), $195,000; bal., sur.,
$16,811 —(V. 73, p. 445, 1313; V. 74, p. 630, 830, 937.)
“ M o n o n . ” —See Ch ic a g o I n d ia n a p o l is & L o u is v il l e R y .
M o n o n g a h e la R iv e r R R , —Road from Fairmont to Clarksburg,
W. Va., 31 miles. Road opened in 1890. B.&O. owns all of the $1,300,000 stock (par $100), the coal bonds being reduced to $1,000,000. Car
trust 6s, principal Apr. 1, 1901, $447,000.
E a r n in g s .—R e p o r t 1 8 9 9 in Y. 7 0 , p. 1 0 9 2 , s h o w in g , g ro s s, $ 2 8 8 ,9 1 0 ;
n et, $ 1 1 1 ,6 3 5 ; in t., t a x e s ,e t c ., $ 4 2 ,3 1 8 . E a r n in g s fr o m A p r . 1, 1 9 0 0 ,
in c lu d e d in th o se o f B . & O .— (V . 70, p . 1 0 9 2 . )
M o n ta n a R R . —Lombard, Mont., to H arlowton, 94 miles, and
from Summit to Leadboro, 6 miles; total, 100 miles. Stock authorized,
$2,500,0' 0; issued, $1,574,000; par of shares, $100. Of ihe $2,000,000
bonds, all reported as outstanding, $999,000 are stamped redeemable
at 105 and interest on 6 months’ notice, the remaining $1,001,000
being held June 30,1901, by the Northern Pacific Ry. as collateral for
$303,670 notes. President. H. D. Moore, Philadelphia, Pa.; Vice-Pres.
and Treas., Richard A. Harlow, Helena, Mont.; See., W. J. Fuchs,
Helena, Mont. (V. 71, p. 1167.)
M o n t e r e y Sc M e x i c a n G u lf R R . —Purchased in June, 1901, by
the Mexican Central Ry. Y ear ending Deo. 31,1901, gross, $1,414,801;
net, $ 1 ,4 0 6 ,9 6 4 .-(V. 74, p. 937.)
M o n tg o m e r y B e l t L in e R y .—Owns real estate and a belt
line in Montgomery, Ala., about one mile of track on Tallapoosa,
Bell, Perry and Columbus streets. Alabama Midland Ry. pays an
annual rental o f $15,525. The Plant Investment Co. owns 90 per cent
of the stock. Capital stock is $200,000; par, $100.
M o n tg o m e r y Sc E rie R y .—(See Map Erie Railroad.)—Owns road
from Montgomery to Goshen, N. Y., 10 miles. Road opened 1867.
Leased in 1872 to N. Y. L. E. & W. (now E r ie RR.—which see.) Rental
is $16,000 per annum. Stock, $150,000. Dividends (4 ^ per cent per
annum) are paid May 10 and Nov. 10. Sinking fund $6,500 per annum.
M o o re C o. Sc W e s t e r n R R . —See V. 7 4 ,p. 776.
M o r g a n ’ s L o u is ia n a Sc T e x a s R R . A: S tea m sh ip C o m p a n y .
—( See map o f Southern Pacific.)—R oad —Owns Algiers to Cheney ville,
205 miles; branches, 95 m iles; trackage to Alexandria, 24 miles; total
railroad lines, 324 miles; extension of branch from A bbevi’le to Gueydan, La., 24 miles, additional to foregoing, opened May, 1902; steam
ship lines and ferries, 3,176 miles.
O r g a n i z a t i o n .—The Southern Pacific Company owns all o f the $ 1 5 ,0 0 0 ,0 0 0 stock. Operated independently since Jan. 1, 1 9 0 2 , but in
connection with 0o. Pao. system. Company has 8 iron steamships and
6 ferry and river steamers and 6 tugs plying between New York and
New Orleans and between Gulf ports; also wharves and warehouses.
E ar n in g s .—11 months, > 1901-02.Gross, $ (.778,763; net, $2,690,098
Jnly 1 to May 31.
$1900-01 Gross, 7.399,019; net, 2,830,937
In year ending June 30, 1901, gross, $8,013,139; net, including
other income, $3,172,206; surplus over charges, $1,325,839; net due
oo. under lease to So. Pao.. $1,038,425.—(V. 74, p. 268.)
M o rris & E sse x R R .-fS e e Map or Delaware Lac/cawanna <
6
Western.)—Owns from Hoboken, N. J „ to Phillipsburg, N. J .t 85 miles;
branch, Den ville, N. J., via Morris < Essex Tunnel, to Hoboken, N. J.,
fc
35miles; leases 37 miles; total operated, 157 miles.
L e a s e .—Leased in perpetuity to Delaware Lackawanna & West.,whioh
assumed all liabilities and pays 7 p. o. per annum on the capital stock;
whenever 30 p. o o f gross earnings are sufficient to cover in terest on
bonds and 10 p. c. on stock, 1 p. o.'additional must be paid.
B o n d s .—O f th e $ 3 5 ,0 0 0 ,0 0 0 1st r e fu n d in g 3>s8, $ 2 3 ,9 6 8 ,0 0 0 were re
serv ed to r e tir e e x is t in g b o n d s , a n d $ 1 1 ,0 3 2 ,0 0 0 w e re applicable to
a d d itio n s a n d im p r o v e m e n ts —V . 70, p. 4 8 0 , 477; V . 71, p. 1167. See
fo r m o f g u a r a n t y , V . 7 4 . p 13 0 3 .
E arn in gs .—The road is important to the Delaware Lackawanna A
Western as a route with terminal facilities on New York Harbor, but
the earnings show a large annual deficit, viz : After the paym ent of
rental in 1901, $1,415,HO; in 1900, $ 1 ,9 9 0 .8 5 3 .-V. 74, p. 206, 681,
884, 1308.
M o u n t C arbon Sc P o r t C a rb o n R R .—Owns Mt. Carbon to Port
Carbon, Pa., 3 m iles; second track, 2^2 m iles; total track 16 miles.
Leased March 5, 1860, for 50 years to Pliila. & Reading RR. a n d lease
assumed in 1896 by Pliila. & Reading Railway. Rental $36,250 yearly.
M u s c a tin e N orth Sc S o u th R R . —8ee page 171.
M u s k e g o n G a n d R a p id s Sc I n d ia n a R R . —See page 171.
N a sh u a Sc L o w e l l R R . —See page 171.
N a sh v ille C h a tta n o o g a Sc St. L o u is R y .—(See Map.)—Owns
from Chattanooga, Tenn., to Hickman, Ky., 320 miles; branches to
St.Charlei
Sm ithborg;
<s
.Yemen
Mitch elf
Floral
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INYESTOKS’
96
SUPPLEMENT,
[V
o l.
Lxxv,
Bonds—
Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,^When Due.
Amount
of
of
Par
For explanation of column headings, &o., see notes
Rate per When Where Payable, and b j Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Whom.
Dividend, %.
RAILROADS.
Moore Co. dt West.—1st inert., gold $1,000,000.I B
Morgan's La. < Texas— lstM .(N O r.to Morg’ C.). Fo" 102
&
1st mortgage, Alexandria Extension, g o ld .F ....... 157
204
General mortgage. F ..................................................
Morris & Essex—Stock, 7 p. o. guar. D. L. & W ......... . . . .
85
1st mortgage...............................................................
Con. M. (for $25,000,000) guar. D. L. < W. U»c*<fcr 120
fc
1st ref. mort., g ., $35,000,000, gu., p. & er d. F c*&r 120
H oboken Land & Improvement, 2d ser. CJs........
Special real estate bonds........... ..............................
Morris & Essex Extension stock, guar. 4 per cent.
2
Mt. Carbon & Port Carbon RR.—Stock (rent’ l guar.) . . . .
Muscatine No. <. So.—1st M., $450,000, g old .N .......
£
28
37
Muskegon Or. Rapids < Indiana—1st M., g old .C e .
£
8-5
Narragansett P ier RR.—1st mort., $100,000..........
Nashua dt Lowell—Stock, 9 p.o. rental, 92 yrs.B.&M.
15
....
Nashville Chattanooga dt St. Louis—Stock.............
1st mortgage (for $6,800,000).......................... o*&r 340
1st M. on Fayette, and MoM.brs. ($6,000 p.m.)o*<fcr 125
29
1st mortgage on Lebanon Branch........................c*
43
1st M. on Jasper Br. ($90,000 are 8s, due ’06) Ce.c*
46
1st mortgage on Centreville Branch, gold.Ce.c*&r
20
1st M. on Tracv Citv Br. (Tenn. C. & I. RR.) .c*&r
Duck R. RR., 2d m ortgage, now 1st m ortgage, g.
48
Consol. M. ($20,000,000) $20,000 p.m.. g o ld .U s .o ' 798
W. & At. incs t$526,000),$26,OOOdue y ’ly .g .C e .c
Nashville dt Decatrn— Stock, gu. 7*2 p. c. by L. & N. 119
Nashville <& Knoxville — See T ennessee Central .
Nashville Florence dt Sheffield—See L ouisville & N ash
Na&hv* Term.— 1st/M., g.pint. rfvnt, red. 105 Tbeg. *07
National RR. o f Mexico—
Prior lien M., $23,000,000, g., call at 105.U n .c*. 1,405
First consol. M., $60,000,000, g. (see text) .Ce.c* 1,405
1897 $ ........
1878 ' 1,000
1880
1,000
1,000
1893
....
50
1864 500 &c.
1875
1,000
1,000
1900
VaPus
100
....
50
1898 300 <feo.
1886
1,000
1,000
1896
...
100
....
100
1873
1,000
1,000
1877
1,000
1877
’77-’ 83 1,000
1883
1,000
1887
1,000
1881
1888
1,000
1,000
1895
....
25
$438,000
5 g. M. & S.
5,000j000
7 s A. & O.
1,494,000
6 g. J. & J.
1,000,000
5
J. & J.
15,000,000
7
J. & J.
5,000,000
7
M. & N.
11,677,000
7
J. & D.
7,000,0( 0
3 ^ g. J. & D.
100,000
4
1,800,000
221,000
4
M. & N.
282,350
12
J.& J.15
398,000
5 g- J. & J.
750,000
5 g. J. & J.
70,000
4
F. & A.
800,000
M. & N.
9
10,000,000 4 for ’98 Q .-F .
6,300,000
7
J. & J.
750,000
6
J. & J.
300,000
J. & J.
6
461,000 6 g. & 8 J. & J.
376,000
6 g. J. & J.
380,000
J. & J.
6
22,000
6 g. M. & N.
7,412,000
5 g- A. & O.
In treasury.
5 g. J. & J.
$3,567,382
7is J. & J.
N.Y.,8.Pac.Co.,23Broad
do
do
do
do
N. Y., Del. Lack. & West.
do
do
do
do
do
do
do
do
do
do
Phila., Read’ g Term’l.
N.Y..N.Y. Sec. & Tr. Co.
Jan.,’01, pd. June, 1902
R. I.Hosp.Tr. Co., Prov.
Nashua, Indian Hd. Bk.
N. Y. and Nashville.
N.Y.. H anover Nat. Bk.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Nashville.
VILLE.
1902
See text.
1901 $500&c. $20,000,000
1901 500 &C. 22,000,000
5 g. J. & J.
4is g. J. & J. Int’ st from Oct. 1,1901
do
do
4 g. A. & 0 .
Mch. 1, 1917
Apr. 1, 1918
July 1, 1920
July 1, 1913
July 1, ’02, 3*8
May 1, 1914
June 1, 1915
Deo. 1, 2000
Nov. 1, 1902
1912
May, 1902, 2 %
July 15,’02,6%
Jan. 1, 1929
July 1, 1926
1916
May, ’02, 4*a%
Nov. 1, ’9 8,1 %
July 1, 1913
Jan. 1, 1917
Oct. 1, 1917
Jan.,1906&’ 23
Jan. 1, 1923
Jan.1903 to’ 17
Nov. 1, 1909
Apr. 1, 1928
Jan. 1, ’03-’20
July, 1902,3%
Jan. 1, 1932
Jan. 1, 1926
Oct. 1, 1951
V o ting T r u st .—B oth classes o f stock (ex cep t sufficient to q u a lify
Lebanon, &c., 485 miles; leases Western & Atlantic, Chattanooga
Tenn.. to Atlanta, Ga., 137 miles, and Memphis & Paducah Divison of directors) is v e ste d in th ree v o tin g trustees fo r five years o r u ntil
the Louis. & Nash , 255 miles. See Y. 71, p. 544, 664, 864. Total op th e p re fe rre d stock shall h a v e p aid 4 per cen t cash dividen d s yearly
fo r tw o su ccessive years, b u t th e v otin g trustees m ay, in th eir dis
erated July 1, 1901,1,195 miles.
O r g a n i z a t i o n .—A majority o f the stock ($ 5 ,5 0 0 ,5 0 0 ) is owned b y the cretion , d eliver th e stock at an earlier date.
B onds .—The new bonds are applicable as fo llo w s :
Louisville & Nashville, and pledged under its unified mortgage, etc., so
e
that the tw o systems are operated in close harmony. The Western & Prior lien 4 1 per cent gold bonds, bearing interest from
Oct. 1,1901. Total issue [except to refund, $ for $,
Atlantic is leased from the State of Georgia for 29 years from Dec. 27,
Mexican International RR. prior lien bonds, now
1 8 9 0 , at $ 4 2 0 ,0 1 2 per annum.
$5,850,000] not to exceed.................................................. $ 2 3 ,0 0 0 ,0 0 0
D iv id e n d s > 1888 1889 1890 1891 1892 1893 ’ 94 *95 to N o v .,’ 98
Of which in partial exchange for old bonds...\ P r e s e n t ( 10,779,000
since 1 8 8 7 ... 5 4%
5
5
5
5
3% 3 ^ 4 p. c. yearly
9,221,000
Purch. by syndicate to provide cash require’t s .) issu e . £
The 1899-1901 dividends were passed, surplus earnings to be used Reserved for general purposes under proper restric
for new equipment and reduction o f floating debt —V. 68, p. 187.
tions, but not to be sold before Jan. 1 ,19 04 , except
to meet any unexpected increase in expenses of
B o n d s .— The Tracy City branch 6 s fall due $ 2 0 ,0 0 0 yearly o n Jan. 1
changing the gauge and building El Salto extension.
3,000,000
to 1 9 1 6 inclusive, and $ 1 0 0 ,0 0 0 on Jan. 1 ,1 9 1 7 .
Consolidated mort. o f 1888 provides that all prior bonds shall be paid First consolidated mortgage 4 p ercen t gold bonds. Total
issue [except to refund, $ for $, Mexican Internation
off at maturity; sufficient oi the $20,000 p. m. are reserved for them.
al RR. 1st consols, now $6,783,000] not to exceed___ 6 0 , 0 0 0 , 0 0 0
G e n e r a l F in an ces .—Bills payable incurred for lease o f Western
In partial exchange o f existing securities___
( 11,404,687
& Atlantic RR. and new equipment June 30,1 90 1 , $1,062,046.
Purch by syndicate to provide cash require’ts
I
3,595,313
L a t e s t E ar n in g s .—July 1 to May 31 (11 months):
To be issued forthwith, with $7,000,000 pre- [ P r e s e n t j
11 mos.
Gross.
Net.
Interest, etc. Bal.,sur.
ferred stock, to acquire ju n ior securities o f
is s u e . J
1 9 0 1 -2 ..........................$7,266,021 $2,142,134 $1,677,508 $464,626
Mexican International RR. (including mai
1900-1............................. 7,087,864
2,318,904
1,699,416 619,488
joritv o f its capital sto ck ..................
t. 7,000,000
23,000,000
A n n u a l R e p o r t .—Report for 1900-01 in V. 73, p. 781, including Reserved to retire new prior lien bonds wnen due...........
Reserved for improvements and new equipment, at
Paducah & Memphis division, 254 miles, in 1900-01.
not exceeding $500,000 a year........................................
6,000,000
Tear ends June 30.
1901.
1900.
1899.
1898.
Reserved for acquisitions o f new property and for ex
Mileage end of y e a r...
1,195
935
935
905
tensions at not exceeding $10,000 per mile of stand
Gross earnings............. $7,620,128 $6,487,318 $6,081,766 $5,646,549
ard-gauge line, or $7,500 per mile of narrow-gauge
Net earnings................ 2,509,002
2,246,734 1,982,059 1,982,724
9,000,000
Investments, etc.........
22,253
26,178
30,482
........ line, on which the consol, mortgage will be a first lien
The tw o new issues o f bonds w ill be secured bv a first and second
Net income............. $2,531,255 $2,272,912 $2,012,541 $1,982,724
on all the property f the
Int. on debt and ta x ... $1,231,484 $1,262,005 $1,203,391 $1,102,187 lien, respectively, for under the readjustmentoand the Company now
owned or provided
El Salto exten
R en tals........................
625,877
422,268
422,268
420,012
sion when constructed, and also upon the securities o f the Texas M ex
Dividends........................................
............ (1%) 100,000 (4%) 400,000
ican Ry., and $15,786,000 of the $20,708,200 capital stock of Mexican
M iscellaneous.............
54,514
42,731
32,347
International.
Balance................ sr.$619,380 sr.$525,908 sr.$254,535 sur. $60,525
In June, 1902, an agreement was made to guarantee the $6,984,000
- ( V . 71, p. 864, 1220; V. 72, p. 87; V. 73, p. 3 3 6 , 7 8 1 ,1 3 1 3 .)
Mexican International consol. 4s, principal and interest. V. 75, p. 77
F N a sliv Ille Sc D ec a tu r R R . —(See Map Louisville < Nashville.)—
6
P o sition o f N e w C o m p a n y .—The report of the Mexican National RR.
Ownsfrom Nashville, Tenn., to Decatur, Ala., 119 miles. Leased to for the calendar year 1901 was in V. 74, p. 826, 834; see also below.
Louisville & Nashville for 30 years from July 1,1872, at a rental o f 6 p The plan presents the follow in g [in United States cu rren cy]:
o. per annum on stock, but lease was terminated July 1, 1900, and Net earnings for the calendar year 1900, according to the
under new lease for 999 years the rental will be 7 ^ per cent on stock,
annual report (not including Mexican International HR,
the 7s due July 1,1900, being retired and new stock issued therefor
now controlled)............................................................................$1,208,634
to the L. & N., which July 1, 1900, ow ned $2,179,650 of the stock.—(V. Extraordinary expenditures charged to operating expenses
68, p. 928; V. 69, p. 1012; V. 70, p. 1195.)
or against current income, but properly chargeable to
N a a li. F l o r . Sc S h e ffie ld R y .—See Louis. & Nash.—(V. 71, p.646.).
capital account (according to statement confirmed by
Messrs. Price, Waterhouse & C o)............................................
363,932
N a s h v i l l e T e r m i n a l C o .—V. 74, p. 577, 830.
N a t i o n a l R R . o f iM e x ic o . —(See M a p .)-O p e r a te s a road ex
Total actual net earnings in year 1900.............................. $1,572,566
tending from Corpus Christi, Tex , on the G ulf of M exico, to the City Estimated net earnings after the main line has been made
o f M exico, with branch to Uruapan, etc., viz.:
standard gauge, the proposed El Salto extension built,
and other improvements accomplished, but not including
Lines owned—
Miles. Controlled—Secur. owned. Miles.
any. surplus from Mexican International................................$2,100,000
Laredo to City of M ex ico......... 839 Texas Mexican Ry., Corpus
Annual fixed charges alter readjustment (estimated):
Ac ambaro to Uruapan............ 143
Christi to Laredo, T ex., and
Int. on $20,000,000 prior lien 4 ^ p. o. goldbonds.$900,000
El Salto branch.......................... 30
b ra n ch ................................... 163
Interest on $22,000,000 first consolidated mort
Matamoras to San M iguel....... 76
Under construction—
gage 4 per cent gold bonds, including $7,City o f M exico belt lin e.......... . 3 El Salto extension (Huehue0 0 0 , 000 for purchase o f control o f Mexican
Rincon to San Luis de la P a z.. 31
toca to near San M iguel)... 155
International........................................................... 880,000
------------- $1,780,000
Total building and built (about 450 m. to remain narrow gauge).1,440
The surplus of 1he Mexican International RR. over all its
Also controls by ownership o f a m ajority of stock the Mexican In
interest charges for the year 1901 (see report, V. 74, p.
ternational RR. extending from connection with the Southern Paeifio
772, 783) w as............................................ ................................... $595,602
at Eagle Pass, Tex., to Durango, Mex., and to the National RR. of
“ It thus appears that the fixed charges will on com pletion of the
M exico at Monterey, with branches, 880 miles in all. Grand total Na
readjustment be well within the net earnings of the property.”
tional system, 2.320 miles.
O r g a n iz a t io n .—Incorporated in Utah on Feb. 24,1902, as successor E ar n in gs 1,323 miles—5 mos. /1902 Gross,$3,568,029; net, $1,104,361
Jan. 1 to May 31.
S1901.Gross, 3,266,517; net, 1,137,681
without foreclosure of the Mexican National RR., per readjustment plan
A bove figures are in Mexican currency.
issued bv Speyer & Co. and Kuhn, Loeb & Co. of New York and Speyer
The report of the Mexican National RR. for year ended Deo. 31,1901,
Brothers o f London, given in V . 7 3 , p . 7 8 4 .
The new company has
issued the securities shown in the table above in exchange for old se was given in V. 74, p. 826, 834; see also editorial p. 801.
curities and for the standard-gauging o f the main line from City of
Tear ena'g Dee. 3X—
1901.
1900.
1899.
1898.
M exico to Laredo, the construction of ihe El Salto extension, M iles operated............
1,323
1,289
1,242
1,218
155 miles; also the purchase o f $15,786,100 of the $20,708,200 capital Gross (Mex. c u r .).... $7,724,526 $7,866,699 $7,087,675 $6,330,920
stock of the Mexican International RR. See separate statement for
In 1901 net earnings (U. S. cur. at actual rate o f exchange), $1,400,that company. In Dee., 1901, over 99LJ per cent o f the “ A ” and “ B” 19s; miscellaneous, betterments, etc., $80,037; taxes, rentals, ex
bonds, all the incom e bonds and over 97*6 per cent o f the stock o f the change, depreciation, etc., $170,566; int. on prior lien bonds, $653,000;
Mexican National RR. Co. had accepted the plan. The Mexican Na div. (4L2 per cent) on “ A " bonds, $547,425; bal., sur., $499,250.
tional was taken o v ir April 10,1902, but the new com pany assumes
D ir e c t o r s .—E. H. Harriman, George J. Gould. W . E. Leeds, L. F\ Loree,
the former's accounts from Jan. 1, 1902. V. 74, p. 830, 835.
Martin Erdmann, Gordon Macdonald, Felix M. Warburg, ffm . G. Raoul, F, B.
' “ tock .—The common stock is $33,350,000, all issuable in exchange Drake, Uenry W . Taft.
S
for stock o f old company, $ for $, The $32,000,000 of preferred stock
O f f i c e r s . - Pres., W. G. Raoul; 2d Vice-Pres., E. N. Brown; Treas.,
(4p.o. non-cumulative) has been or may be issued under plan as follows: Gabriel Morton; Secy., George H. Smith. New York office, 1 Nassau
In partial exchange for existing securities.......................
$20,663,625 S t.-V . 74, p. 1038, 1089, 1139, 1252, 13 55; V. 75, p. 77.
Sold to syndicate for cash reauired by plan....................
1,000,000
N e s q u eli o n I u g V a l le y R R .- O w n s from Nesquehoning Junction,
For all rtghtsof the Mexican "National Construction Co.
1,400,000
P a.,toT am enen d,P a.,17 miles; Tunnel Branch to Lansford, Pa., lm ile.
Issuable forthwith for acquisition of Mexican Inter
national j unior securities..................... .........................
7,000,000 Leased for 999 years (with 5 p. c. guaranteed on stock till 1904) to the
For contingencies (anysurplus to new com pany.)..........
1,936,375 Lehigh Coal & Navigation Co., which under its option proposes to retire
RAILROAD STOCKS AND BONDS.
P July 1 0 .J
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98
INVESTORS’
SUPPLEMENT.
[V ol. LXXV.
Bonds—
Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,^When Due,
Amount
of
Par
of
Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, &o., see notes
Road. Bonds Value. Outstanding Cent.
Whom.
Payable
on first page o f tables.
Dividend.
RAILROADS.
National RR. o f Mexico.—(Concluded.)—
Pref. stock, 4 per cent, non-cum., $32,000,000...
....
Naugatuck—See N. Y. N e w Haven & H a r tfo r d .
18
Nesguehoning Vat.—Stock subj. to call Sep. 1 ,19 04
Nevada-Calif.'-Oregon.—1st M. $1,500,000, g o ld ... 130
59
Newburg Dutchess dt Connecticut—Col. trust bds.Ce
59
Incom e m ortgage for $1,625.000......................... r
New England RR.—N. Y .& N. E. 1st M., eur.B B.o* 321
Do
do
1st mort., cur.-c* 321
1st cons.M., $17,500,000, g.,gu.,p.& i., end.M a.c* 361
N.Y.&N.E. B os.Term .lstM ., $1,500,000.A B .c& r
New Haven < Northampton—See N. Y . N e w H ave N & H
£
New Jersey Junction^- 1st. M., guar., $4,000,000.c<fer
5
New Jersey < New York—See E r ie RR. Co.
6
121
New London Northern—Stock......................................
Consolidated M., now 1st M. ($688,000 are 4s)_c* 121
N. Mex. Ry. & Ooah- 1st & oon. & col. tr. M., g .C o l ....
Collat. trust, gold ($3,000,000) red. at 105. N ___ 165
36
Alam. & Sac. Mt. 1st M., $900,000, g., g u a r...N
E l Paso & R ock I., 1st M., $2,500,000,g., gu.C ol.o* . . . .
Dawson Ry. & Coal, Coll, tr., g., gu. p. & i.C ol.o* 130
New Orlejxns < North Eastern—Prior lien M., g.Ce.c* 196
£
196
1st mortgage, g o ld .F ................................................
OfvnfvrRl mortgage), $fiT
000T
000j gold .....................
Tonomp) mortgage, $1T
500,000Tgold ................ ......
N. 0. < Northwest’n—Coll, trust M., g.,$500,000.C e 102
&
....
Newport < Oincin. B ndge.—Stook, $1,500,000.......
6
1st M., $1,500,000, g., s. f. gu. p. & i. end by P a .F Co.o*
N. Y. Brooklyn < Manhat. Beach—Common stock ..
6
20
Preferred stock, non-oumulative............................
1st con. M. (now 1st M.) gold, guar. Dy L. I.Ce.o*
20
$30,063,000
32,896,000
—
....
$50
1899
1,000
1891 500 &o.
1877
1,000
1876
1,000
1876
1,000
1895
1,000
1,000
1889
1,418,600
450,000
226,000
1,164,500
6,000,000
4,000,000
5,000,000
1,500,000
M. & S. Phila., 108 So. 4th St.
5
N. Y., Moran Bros.
5 g- M. & N.
5
M. & N. N. Y ., Central Trust Co.
6
None ever paid.
J. & J. Boston, S. Dep.& Tr.Co.
7
do
do
6
J. & J.
do
do
5 g. J. & J.
4
A. & O. coup, .office; reg. .mailed
1886
1,000
1,700,000
4
....
100
1,000
1,500,000
1,500,000
1,500,000
3,000,000
322,000
2,500,000
3,000,000
1,320,000
5,000,000
See text.
See text.
500,000
1,500,000
1,400,000
350.000
650.000
1,726.000
9
4 &5
5 g.
5 g5 g.
5 g.
5 g.
6 g.
6
4*2 g.
Up to
5 g.
ARTFO RD.
1880
1901
1897
1898
1901
1901
1885
1881
1902
1902
1898
....
1895
1885
1,000
i.o'oo
1,000
1,000
1,000
i.oo‘6
100
1,000
100
100
1,000
the stock at par and Interest on Sept. 1 ,1 9 0 4 ; see item “ Delaware D i
vision Canal” in V. 66, p. 1139.
N e v a d a - C a H f o r n i a - O r e e o n R y . — Reno, Nev., to Madeline, Cal.,
145 miles; extension proposed to Lake View, Ore., 95 miles. The Sierra
Valleys RR., Plumas to Clairville, Cal, is operated under an agree
ment. V. 74, p. 776. Stock, common, $1,450,000; preferred, $750,000, all outstanding. During 1901-2 6 per cent bonds were all ex
changed for 5s.
E ar n in gs — 11 mos., ) 1901-2.. .......... Gross, $143,045; net, $55,196
July 1 to May 31.
£ 1900-1................ Gross, 137,732; net, 49,105
Surplus over charges, $32,034 in 1901-2, against +24,355 in 1900-1.
Year 1900-1, gross, $151,639; net, $55,558; int. on bonds, $27,000;
bal., sur., $28,558. Pres., D. C. Moran, 68 Wm. St., N.Y. V. 74, p. 1196.
N e v a d a m i d l a n d R R . —Battle Mtn., N ev., to Austin N ev., 94
miles, narrow gauge; to be extended south 126 miles from Austin Jet.
to Tonapah, Nev., the entire road to be standard gauge. Incorporated
in New Jerseyin Feb., 1901., as successor o f the Nevada Central RR.
Stock authorized, $1,750,000. In 1902 newm ortgage was about to be
made to secure $1,750,000 5 per cent bonds, the $226,000 old bonds to
be retired. See V. 74, p. 379. Earnings for 1900-01, gross, $32,953;
net, $3,241; no interest paid by railroad. Pres., Samuel Bamberger.
N e w a r k S o m e r s e t Ac S t r a i t s . —Sold to B. & O. See V. 70, p. 792.
N e w b u r g D u t c h e s s Ac C o n n e c t i c u t R R . —Owns from Dutchess
Junction, N. Y ., to Millerton, N. Y .. 59 miles. A reorganization in 1877.
St o c k , E t c .—Common, $500,000; pref., $600,000; par $50. There
were June 3 0,1 90 1 , $226,000 coll, trust 5s; $1,164,500 incom e 6s, and
$32,000 o f 5 p. c. real estate M. notes. In year ending June 3 0,1 90 1 ,
gross, $158,331; net, $34,083; other income, $510; interest, taxes,
etc., $19,980; bal., surplus, $14,613.—(V. 65, p. 5 6 8 .)
N e w E n g l a n d R R . —New Y ork New Haven & Hart. RR. owns
nearly all or the stock, and since July 1, 1898, has leased the road,
w hich includes: Lines owned, Boston to H opewell Junction, N. Y., 214
miles, and branches to Springfield, Mass., Providence, R L, etc., 146
miles. Lines leased (see each company), Norwich & Worcester R R .,72
miles; Providence & Springfield RR., 28 m.; Woonsocket & Pascoag
RR., 9 m.; other linos, 38 miles; trackage, 29 miles; total, 536 miles.
Through Norwich & Worcester RR. controls Norwich <z New York
5
Trans. Co.’s steamers, 125 miles.
H is t o r y .—A reorganization o f the New Y ork & New England (sold
in foreclosure July 9 ,18 95 ) per plan V. 58, p. 762. In June, 1900,
there had been exchanged orw as held by the lessee all except $52,500
o f the $20,000,000 com mon and $71,500 o f the $5,000,000 pref. stock.
Preferred stock not exchanged receives dividends of 3 per cent per
annum under 99-year lease.—V. 66, p. 384, 617,1002; V. 69, p. 1012.
B o n d s .— See guaranty of consols by N. Y. New Haven < Hartford
fe
RR. V. 64, p. 611; $10,000,000 reservedto retire lets.—(V. 69, p.1012.)
N e w J e r s e y J u n c t i o n R R . —Terminal road through Jersey City,
H oboken and Weehawken, about 5 miles. Leased for 100 years from
June 30,1886, to New York Central which guarantees the bonds abso
lutely and owns $100,000 stock. Connects with National Docks Ry.
N e w J e r s e y Ac N e w Y o r k R R . —Owns from Erie Junction, N. J.«
to Gamerville, N. Y., 29 m iles: branches to New City, eto., 5 miles ; oper"
ates to Haverstraw, etc., 14 m iles; total operated, 48 miles. Erie RRin April, 1896, purchased control.
Stock, $1,440,800 common; $787.800 preferred; par, $100. Control is with preferred stock and first
mortgage till 6 per cent has been paid on preferred for three years.
E ar n in g s —Year ending June 30, 1901, gross, $340,745; net,
$104,501; interest, etc., $60,283; balance, $44,218.—(V. 65, p. 8 2 2 )
N e w J e r s e y Ac S t a t e n I s l a n d J u n c t i o n R R . —V. 74, p. 1252.
N e w L o n d o n N o r t h e r n R R . —Owns from New London, Conn., to
Brattleboro, Vt., 121 miles, and leases Brattleboro & Whitehall R R .,
Brattleboro to South Londonderry, Vt., 37 miles.
L e a s e d for 9 9 years from Dec. 1 ,1 8 9 1 , to Central Vermont. The
rental is $ 2 1 3 ,5 5 2 per annum, whioh leaves a small surplus after pro
viding for inter., eto., and 9 per cent dividends. Taxes and im prove
ments met by lessee, without claim on New London Northern.
D iv id e n d s .— 1888 to Apr., 1892, 7 p. c. yearly, then 8 p. c. yearly to
893,inclusive, and since to A p r ., 1902 (inclu.), 2H p. o. quar. (9 p.an.)
N e w M e x i c o R y . Ac C o a l .— (See M a p ).—Owns El Paso & North
eastern Ry., from El Paso, Texas, northeast 164 miles; to the Salado
Coal fields; oontrolsand operates El Paso & R ock Island Ry., Carrizosa
to Santa Rosa, 130 miles, com pleted Feb. 1, 1902; Alamogordo &
Sacramento Mt. Ry., Alamogordo, N. M., to Cox Cafion, 2 7 ^ miles; total
321*2 miles.
In Feb., 1902, the El Paso & Rook Island Ry., with $2,500,000 stock,
of which 60 per cent owned by the N. M. Ry. < Coal, and $2,500,000 5
fe
per cent guaranteed 50-year bonds, com pleted the road from Corrizosa,
N. M., to Santa Rosa, 130 miles, at a connection with an extension,
of the Chio. Rook Island & Pac., with which a d o s e traffic agreement
has been made for 9+9 years,—V. 71, p. 1219.
In Oct., 1901, the Dawson Ry. & Coal Oo., with $3,000,000 stock,
w as proposing to build from Liberty, New Mex. northerly to Dawson,
135 miles, its collateral trust bonds to be guaranteed principal and
interest, and to be secured by the stock and bonds ($3,000,000 eaoh)
o f 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 lands.
—V. 73, p. 900; V. 74, p. 776.
Se c u r it ie s .—Stook, $4,000,000, o f whioh $1,000,000 non-cum. 5 p. o.
pref. The coll, trust 5s of 1897 are secured by deposit ofjall the stock and
M ch.,’02,2*a%
May 1, 1919
May 1, 1921
June 1, 1977
Jan. 1, 1905
Jan 1, 1905
July 1, 1945
Apr. 1, 1939
F. & A. N. Y. Cent. & Hud. Riv. Feb. 1, 1986
Q .-J .
J. & J.
A. & O.
A. & O.
A. & O.
J. & J.
J. & J.
A. & O.
J. & J.
New London, Office.
N. Y ., Bk. of No. Amer.
N. Y., Colonial Tr. Co.
N. Y.,N. Y. 8eo.& Trust.
do
do
N. Y., Colonial Tr. Co.
do
do
N. Y ., Central Trust Co.
N. Y., Muller, Sehall&Co.
July, 1 90 2,2 k
July 1, 1910
Oct. 1, 1951
Oct. 1, 1947
Apr. 1, 1928
Jan. 1, 1951
July 1, 1951
Nov. 1, 1915
Jan., 1911
4*2 p. c. if earned.
J. < J.
fc
See text.
Jan. 1, 1908
Pittsburg, Pa.
O c t.l,’ 0 1 ,l* 4 %
4*2 g. J. & J. N.Y., Farmers L.&T.Co. July 1, 1945
A. & O.
Checks mailed.
Apr., ’ 02, 2*s%
5
5 g. A. & O. N.Y., Corbin Bank’ g Co. Oct. 1, 1935
bonds of El Paso & Northeastern Ry. o f New Mex. ($2,700,000 o f eaoh)
the stock of the El Paso & N. E. RR. of Texas, $300,000 (no bonds is
sued), and all the stook ($2,500,000) and all the bonds ($1,500,000) « f
the New M exico Fuel Co., the latter covering 3,500 acres of coal lands.
Of the first and consolidated and collateral trust 5s of 1901, $3,000,000 are reserved to retire the collateral trust 5s of 1898 and $2,000,000
are applicable for improvements and new equipment.—V. 74, p .77 6.
The bonds o f the Alam ogordo & Sacramento M’t’n Ry., o f the El
Paso & R ock Island and those o f the Dawson Ry. & Coal Co. are
to be guaranteed. See above. Equipment trust notes Feb. 28, 1901
$175,912; notes payable, $221,985. Report for year ending June 30,
1901, in V. 74, p. 827, showed net earnings, $385,690; int. on bonds,
$144,121; bal., sur., $241,569. N .Y . office, 6 8 William St.—V. 7 4 ,p. 8 2 7 .
N e w O r le a n s Ac N o r t k E a s t e r n R R . —New Orleans, La., to
Meridian, Miss., 195 miles; 64 are 60 and 131 are 75 lb. steel rails.
Stock $5,000,000 (par, $100), of whioh $4,320,000 and $4,900,000 1st
6s were held by Ala. New Orleans Texas & Pac. June. Ry., to which was
due $1,158,588 on coupon and $1,069,518 on other accounts.
The stockholders on Mar. 5,19 02 , voted to increase the capital stook
by $1,000,000 and to create the general mortgage and in ome bonds
shown in the table above, to be used as stated in the plan, V. 74, p. 681.
The Ala. New Orl. & Texas Pac. Jet. received in payment or over
due coupons and advances $260,728 cash and the $1,000,000 new com
mon stock and $954,200 incom e bonds, a portion of the balance of the
incomes being used to purchase the Levee Steam Cotton Press property in
New Orleans, now rented for $24,561 annually. Of the new general
4*2S, $6,22o,000 are being used or reserved to retire the existing bonds
(including the $4,900,000 first 6s, owned by the A.N. O. T. & P. Jet. Ry.,
to be retired at once) and $1,680,000 for additions and improvements,
o f which $500,000 is to be issued shortly. The plan will immediately
reduce the fixed charges b y $98,061.
E a r n in g s .—Y ear ending June 30, 1902, gross, $2,023,260, against
$1,929,812 in 1900-1. R eport for 1900-01, V. 73, p. 1262.
Balance.
Yr. end. June 30. Qross.
Net.
Other inc. Int., etc.
$90,547
1900-01..............$1,929,812 $475,883 $5,864 $391,200
139,411
1899-00.............. 1,856,200
519,615
3,402
383,606
- ( V . 71, p. 751, 9 1 0 ; V. 73, p. 1 2 6 2 ; V. 74, p. 268, 681.)
N e w O r le a n s Ac N o r t h w e s t e r n R y . —Owns from Natchez, Miss.,
to Bastrop, La., 102 miles. On Feb. 14, 1901, control was transferred
to the Missouri Paciflo Ry., which acquired $4,172,900 of the $4,500,000 stock and $2,000,000 bonds. V. 72, p. 339, 391; V. 74, p. 574. In
July, 1901, foreclosure o f underlying mortgage was begun. V. 73, p.
185. In June, 1902. extension was com pleted from Bastrop to the
Louisiana-Arkansas State line, whence extension was being built
northwesterly to El Dorado, Ark., 45 miles under the charter of the El
Dorado & Bastrop Ry.—(V. 73, p. 185.)
N e w O r le a n s R e l t Ac T e r m i n a l C o .—Owns a belt railroad
encircling the city o f New Orleans and connecting with all the rail
roads entering that city. Entrance to business centre is had over the
tracks o f the East Louisiana Railroad. Owns a large terminal property
at Port Chalmette, containing about 2,300 acres, with 80 cotton ware
houses, capacity o f 250,000 bales, a grain elevator, eto. A reorganiza
tion of the New Orleans & Western RR. Sold in foreclosure oh April
9, 1901, to F. J. Lisman & Co., New York. Stook authorized, $1,000,000, and $2,500,000 4 per cent bonds, Standard Trust Co., N. Y.
trustee, of which $1,000,000 are outstanding. In June, 1901, property
was owned by a syndicate. Pres., W. C. Dotterer, New Orleans;
Sec. and Asst. Treas., G. MoD. Nathan. —(V. 72, p. 722,1280.)
N e w p o r t Ac C i n c i n n a t i B r i d g e C o .—Owns bridge from New
port, Ky., to Cincinnati, O. Louisville & Nash, is under contract to use
bridge; annual rental, $115,000. Penn. Co. owns *1,340,000 stook.
Dividends paid Oct., 1 8 9 9 ,1 ^ p. o.; 1900, 3 p. c.; 1901, 3 p. c.
E ar n in g s .—F o r year 1901 gross, $155,489; net, $107,350; interest*
eto., $63,000; b alan ce, surplus, $44,350.—(V. 63, p. 1159.)
N e w Y o r k B r o o k l y n Ac M a n h a t t a n B e a c h R y . —Owns from
Fresh Pond Junction to Manhattan Beaoh (Coney Island), and branches
to Bay Ridge and Greenpoint, 20 miles, o f which 16 miles double track.
L e a s e , E t c .—A consolidation August 27,1885. Leased for 99 years
from May 1,1882, to the Long Island RR. Co. at 35 per cent o f gross
earnings. Rental guaranteed to be at least 5 per cent on pref. stook.
B o n ds .—The L. I. RR. has attached to the bonds its unconditional
guaranty.of prin. and int. in addition to facts as to lease.—(V. 73, p. 32.
N e w Y o r k Ac C a n a d a R R . —Whitehall, N. Y., to Rouse’ s Point,
N. Y., 113 m iles; brandies, 38 miles, Stock, $4,000,000, par $100.
L e a se , E tc .—Leased for long term by The Delaware & Hudson Co.,
whioh guarantees the bonds, and has $3,768,642 invested in the prop
erty. See debenture guaranty, V. 64, p. 181.
Oross.
Net.
Charges.
Balance.
Year to 5 1900-1........$1,183,133 $421,750 $281,109 sur. $140,461
June 30. (1 8 9 9 -0 ........ 1,146,575
417,995
319,563 sur.
98,432
- ( V . 72, p. 987; V. 73, p. 337; V. 74, p. 1088.)
N e w Y o r k C a n a d i a n P a c i f i c R y . —See V. 75, p. 30.
N e w Y o r k C e n t r a l ^ H u d s o n R i v e r R R . —I See M a p .)—
H is t o r y , &c.—Control o f the Lake Shore and Michigan Central roadi
was acquired in 1898, as stated below. Their earnings were reported
separately, but the dividends on their shares held by the Central are in
oluded in the iteinj“ other incom e,” offset^by a like amount of interes'
on the collateral bonds issued for their purchase. V. 71, p. 502.
99
R A IL R O A D STOCKS A N D BONDS
J u l y , 1902.1
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f
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Sweetwater
Nogales
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LakeVal.
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Clarendon
Texico
Childress'
Clifton!
j'a.tL & EadTJe.^^p
o Peralta
Parsons'
Kingfisher
S.Antonio
drlsleta Sta. ,QM
Wichita
Wellington.
Attica3>^7
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Liberal
Amarillo.
Magdalena
PajaritOi
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Espanola,
SANTA f E
San
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Antonito, .lambsa
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Duran
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E W M E X IC O R A IL W A Y
COAL COMPANY.
I’KO PEKI'IF.S.
EL PASO & NORTH! ASTERN HY
EL PASO S HOCK ISLAND RY,
t
COAL LANDS SHADED
lO O
USTYESTORS’
SUPPLEMENT.
[Vol. LXXY
B on d s-Princi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due,
Amount
of
of
Par
For explanation o f column headings, A c., see notes
Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Whom.
Dividend.
JT. Y. <t Canada—1st M., sterling, gu. D. A H .lln .o ' 151 1874 *1 0 0 Ac $4,000,000
6 g. M. & N. London, Baring Bros. May 1, 1904
. . . . 1896
1,000
1,000,000
Debentures, g., guar. p. A i. end. Del. & H. C o___
4 ^ g. M. & N. N.Y., D. & H. Canal Co. May 1, 1904
JTete Y ork C en tral A H u d s o n R iv e r —Stook. T r .
....
....
100 132,250,000 5 in 1901 Q .-J . N. Y., Gr. Cent’l Stat’n. J u ly l5 ,’02, l i*
1,000 al8,327,000
N. Y. C. A H.,1 $30,000,000 ) O U I1 o r r e „ 5 819 1873
O T)O
J. & J. N. Y., Gr. Cent. Station. Jan. 1, 1903
7
1st m ort___(
*2,000,000 \ coupon or reg. ^ 819 1873
1,000 a5,727,095
6 g. J. & J. London, Union Bank. Jan, 1, 1903
D ebtcertlfs., (N.Y. Central), gold, $6,450,000.c<fcr . . . . 1853 500 Ac. a 3 ,610,500
4 g- M. & N. N. Y., Gr. Cent. Station. May 1, 1905
1884 1,000Ac a 4 ,526,000
Debentures, 1884, $10,000,000( A ll eq’ly f .. c&r
M. & S.
do
do
5
Sept. 1, 1904
Debentures, 1889, $1,000,000. f secured I ....... r >819 1889 l.OOOAo
649,000
M. & S.
do
do
5
Sept. 1, 1904
1890 1,000Ac a 5 ,097,000
Debent’s, g., s. f., $13,194,000. (b y mort. \ . c*<fcr
do
do
June 1, 1905
4 g. J. A D.
Refund.M., $100,000,000, g.Ce I of 1897. lo*<fcr.
1897 l.OOO&c 40,426,916
July 1, 1997
do
do
3^2 g. J. A J.
Oollat. trust, g. ($100,000,000) L. Sh. stk.G.c*<fcr
1898 1,000Ac 90,578,400
Feb. 1, 1998
F. A A.
3 lag.
do
do
. . . 1898 1,000&C 19,336,445
do
do
($21,550,000) Micb. Cent. stk..G
Feb. 1, 1998
do
do
3 leg. F. A A.
1900
5,500,000
Debentures Issued under B. & A. lease..................
July 1, 2000
do
do
3!eg. J. A J.
100 14.000. 000
N. Y. Chicago dt St, L ow s—Common stock................... 523
100
11.000. 000 3 in 1902 March. N. Y., Gr. Cent. Station. Mch. 1,’ 02, 3%
2d preferred (5 per cent, non-cum ulative)............ 523
100
....
1st preferred (5 per cent non-cumulative)............ 523
5,000,000 5 in 1902 March.
do
do
Mch. 1,'02, 5%
1,000
19,425,000
1st M., gold, sinking fund not drawn....... Ce.o*<fcr 505 1887
4 g. A. A O. N. Y., Union Trust Co. Oct. 1, 1937
1892
1,000
Equip. t r .,“ A ” gold, $60,000, Sept. 1, yearly C e.
60,000
M. A S. N. Y ., Central Trust Co. Yearly to 1908
5
1,000
Yearly to 1911
Equip, tr. “ B” g. $23,000 due yrly Feb.l5.,Ce.o<fcr . . . . 1896
212,000
F.AA 15
do
do
5
Equipm ent notes, $20,000 due sem i-annually... ____ 1900 20,000
340,000
4 L3 J. A D. N. Y., Nat. City Bank. To Dee. 31, ’ 10
53 1896
lOOAo
New York.
Jf. Y. < Oreenw.L.—P riorlien M .,gu .p . <fci...N.gxo*
6
1,500,000
May 1, 1946
5 g- M. A N.
50
8,656,050 See text. See te x t N. Y., Gr. Cent. Station. J u ly l, ’02, 5%
JT Y. < Harlem—Common, 14 p. o., 10% guar.......... 145
.
6
....
50
145
J u ly l, ’02, 5%
Preferred stock, 14 per cent, 10% guar.................
1,343,950 See text. See text
do
do
May 1, 2000
Refunding M. (now 1st), $12,000,000, g...Ge*<fcr 136 1897 1,000&C 12,000,000
do
do
3ie g. M. A N.
__ _ 1902
1,000
N. Y. d Jersey—1 stM., $7,000,000, red. at 1 1 0 .G .c*
k
4,500,000
5 g. F. & A. N. Y ., Guaranty Tr. Co. Feb. 1. 1932
100
214
....
J u ly ,’0 2 , 114 %
H. Y. Lackawanna < Western—Stook, guar. 5 p. ct.
£
10,000,000
5
Q .-J . N. Y., by Del. Lack.A W.
214 1880
1,000
Jan. 1, 1921
12,000,000
do
do
1st mortgage, guar, by Del. Lack. & W est— F .c
J. A J.
6
214 1883
1,000
Aug. 1, 1923
Oonstr. mort., guar, by Del. Lack. A W e s t.F ...o
5,000,000
F. A A.
do
do
5
May 1, 1923
1,000
M. A N.
do
do
3d M. Term. Imp. (for $5,000,000), gu. p. A i..,F . 214 1890
5,000,000
4
Hew York Lake E rie < Western—See E r i e RR.
6
1.000
38 1891
192,000
5 g. M. A S. N. Y., Liberty Nat. Bk. Sept. 1, 1941
rB r .-G e n . M. (now 1st) J $2,500,000, g.c
1,000
do
do
Sept. 1, 1941
38 1891
1,553,000
4 g. M. A S.
a As reported May 1, 1902: the amount out standi ng whlen refu nding began is given in first le ft hand column.
J
A nnual R eport .—Fiscal year ends June 30. R eport for 1900-01 was
N e w Y o r k C e n t r a l Sc H u d s o n R i v e r R R . —C o n c lu d e d .
In Jan., 1900, control o f the Lake Erie & Western was acquired, also given at length in V. 73, p. 720, 779, 790. See also editorial p. 757.
a large interest in the Cleve. Cin. Chic. & St. Louis, increasing the A dvance statement for 1901-2 was in V. 74, p. 1353. Of the freight
Vanderbilt interest in the latter to an absolute majority. The Central (42.401,356 tons) carried in 1900-01, about 36 p. c. was coal and coke.
has since transferred its holdings in these companies to the Lake Shore, Y. 71, p. 503.
Years end. June 30.
1902.
1901.
1900.
which see. In 1900, also, an understanding was reached between the
3,357
2,829
Vanderbilt and the Pennsylvania interests, by which the latter be Miles June 30 ............................................
Freight earnings................. )
($39,550,399
$34,273,141
cam e join tly interested in Ches. & Ohio R y.—V. 70, p. 76, 125,1049.
Passenger earnings................. $70,800,000 -; 20,866,357
15,464,294
H oldings of Vanderbilt estate. V. 71, p. 1221.
The Boston & A lbany RR., 394 miles, giving a through line to Boston, Mail, express, etc..................3
(
5,916,355
4,825,517
was taken over under lease Nov. 10, 1900, its operations being in
Total gross earnings___ $70,800,000
$66,333,111 $54,562,952
clu d ed in earnings o f system from July 1,1900. See that com pany.
Net earnings............................... $24,150,300 $23,744,895 $20,511,365
M il e a g e .—The com pany’ s system consists o f the fo llo w in g :
Other incom e............................. 4,830,000
4,530,294
4,716,745
Operated under contract.—
Miles.
Lines owned.
11
442 Terminal Ry. of Buffalo ...IT
New York to Buffalo..
Vet incom e ........................ $28,980,300 $28,275,189 $25,228,110
13 Deduct—dentals p a i d ......... 1
378 Pittsburg A E astern..............
f $9,204,619
$6,939,127
Other..........................................
3
Interest on debt............... I
I 7,767,548
7,664,430
Trackage..................................
107
co.
Lines leased.
Taxes on eam . & stock
} $20,660,000-j
853,231
343,196
Total in earnings..................3,357
Taxes on real estate....... I
I 2,339,094
1,936,907
- K 495
Controlled— Operated separately.
6
U. S. Int. Rev. ta x .......... J
l
68,514
65,423
~H
6 Lake Shore A Mich S o ........ H1,413
Reserved for deb’tures.........
300,000
300,000
300,000
..11
Michigan C en tral................. Ill,658
Dividends.................
(5)5,965,625 (5)5,750,000 (4^)4,937,500
-H 136
5 N. Y. Chic. A St. Louis RR.-U 513
Special impr’ ment fund....
......... .
1,500,000
2,000,000
-IT
-.IT 624 Lake Erie & W estern____ if 725
182 Northern Ohio .....................IT 165
Balance from operat’n.......... $2,054,675
$492,183
$1,041,527
..IT
--IT 46 “ Big Four” System.............. 1(2,234
President, Wm. H. Newman; Chairman of the Board, Chauncey M.
13 Indiana Illinois & Io w a ___IT 295
ie1l
Depew. Directors (April, 1902): William K. Vanderbilt, Frederick W.
— it 245 Vanderbilt, Chauncey M. Depew, Samuel F. Barger, J. Pierpont Mor
61 Cincinnati Northern
-IT
Boston
-IT 394 Detroit Tol. & M ilwaukee..it 133 gan, W illiam Rockefeller, H am ilton McK. Twomblv, William H. N ew
_
91 man, Charles O. Clarke, D. O. Mills, William Bliss, Samuel D. B abcock
- IT 241 Dunkirk All. V. A Pitts_ it
-IT 160 Pitts. A Lake Erie svstem ..If 180 and George S. Bowdoin.—(V. 74, p., 937,1196, 1 3 5 3 ,1 3 5 5 .)
56
33 St. Lawrence & Adirondack^
N e w Y o r k : C h i c a g o Sc S t. L o u i s R R .—(See Map o f New York Cen■
Total owned and controlled Apr. 1 ,1 9 0 2 (319 miles 4-tracked) 11,064
Iral dt Hudson River.)—Owns from Buffalo, N. Y., to Illinois State Line,
The Beech Creek Extension RR., Keating to Karthaus, Pa., 60 miles, except 8 miles leased between Dunkirk and Silver Creek, leaving 494
to be com pleted in 1901-2), with trackage to Youngdale, 50 miles, is m iles; leases the proprietary line, Chicago & State Line R R ., 111., state
leased for 999 years. See V. 71, p. 1121; V. 72, p. 1035; V. 73, p. 790. Line to Grand Crossing, 10 m iles; also leases Dunkirk to 8ilver Creek,
S t o c k .—Dividends on stock registered in London are payable in gold 8 m iles; total, 512 m iles; trackage in Buffalo, N. Y., 1*2 miles, and
at 4 9 ^ to dollar. As to new issues in 1900 and 1902 see “ General Grand Crossing Chicago, 111. (Lake Shore R R .), 9 miles.
H isto ry .—“ Nickel Plate” road, foreclosed and reorganized in 1887.
Finances ” below.
D I V I D E N D S sin ce j ’9 1 .’9 2 .’ 9 3 .’ 9 4 .’ 9 5 .’ 96 9 8 .’9 9 .’00. ’01.
1902.
Stock .—Lake Shore & Michigan Southern owns $6,240,000 com m on
1890. P ercen t. (4 13 5% 5 5 41* 4 yrly. 4
5
5 Incl. July, 3% $6,275,000 2d preferred and $2,503,000 1st preferred stook.
Dividend rate increased from 4 to 5 p. c. per annum in Jan., 1900.
D iv id en d s .— ) ’91. ’92. ’93. ’94. ’ 95. ’ 96. ’97. ’98. ’ 99. ’«0. ’01. ’02
l s t p f . in Mar. ( 3 ^ % 3
3
4
0 5% 0 2% 0
5
5 5
B o n d s .—Description o f debentures was on page 3 o f Su p p l e m e n t
Div. on 2d pref., 2 p. c. in 1901; in 1902, Mar., 3 p. 0 .- V. 74, p. 151.
o f April, 1895. They are all secured b y the refunding m ortgage of
B onds.—A sinking fund of $100,000 per year is provided when net
1897 equally with the 3 ^ 8 . Ref. mortgage is fo r $100 ,0 0 0 ,0 0 0 , of
•which $70,377,333 reserved to retire all existing bonds at or before ma earnings are $900,000 or upwards, if bonds can be Dought at or below
turity and $14,6 2 2 ,6 6 7 for premiums; the remainder ($ 15,000,000) 102; if not, the sinking fund lapses for that year, thus leaving $100,000
is reserved for new construction after 1903. In 1901 3*28 o f 1897 more for dividends. The original issue of bonds was $20,000,000, ana
it has been reduoed to present amount b y the sinking fund purchases.
had been issued to retire about $ 3 2 ,0 0 0 ,0 0 0 of old bonds.
Collateral trust 3^8 o f 1898 are secured respectively b y deposit in Statement of road under m ortgage in Supplement o f Sept., 1894. See
trust with the Guaranty Trust Co., m ortgage trustee, o f stock o f the abstract of mortgage. V. 45, p. 541.
Lake Shore & Michigan Southern and Michigan Central RRs. at the
L atest E arnings .—For 3 months ending Mar. 3 1:
rate o f $100 of L. S. & M. S. stock fo r each $200 o f bonds and $100
3 mos.
Cross.
Net.
Olh.inc. Int., lax., etc. B al.,sur.
o f Mich. Cent, stock for each $115 o f bonds outstanding. The total
$313,985
$136,182
authorized issues of 3L?s are $100,000,000 for Lake Shore and $21,- 1 9 0 2 ,.............. $1,754,645 $444,387 $5,780
434,761 4,508
314,295
124,974
650,000 for Michigan Central. The loans are seoured by separate 1901................ 1,785,527
A nnual R epo rt .—R eport for 1901, V. 75, p. 133
Principally a
deeds of trust. See V. 66, p. 288, 336, 760, 811.
The N. Y. Cent, issued in 1900 $5,500,000 o f 100-year 3*s per freight line, freight in 1901 contributing $6,067,828 out of $7,485,484.
1899.
cent debentures for certain property not included in the Boston & A l
Year ending Dec. 31—
1901.
1900.
1Q <
Q1
Gross earnings....................................$7,485,484 $7,023,359 $6,919,985
bany lease. See V. 69, p. 1102; V. 71, p. 502, 964.
1,300,206
G u a r a n t ie s .—The com pany guarantees the securities o f its leased Net earnings........................................ 2,273,853 1,729,681
11,351
32,291
26,721
lines to a considerable aggregate—see separate statement for eaoh com Other incom e..... ......
Net, including other incom e_
_
$2,306,144 $1,756,402 $1,311,557
pany marked with a K in the table of mileage preceding. It also guar
Additions, bet’m’ts and renewals.
756,000
398,587
97,673
antees Western Transit Co. 4 ^ 8 for $1,000,000 due February, 1903.
777,000
777,000
777,000
G e n e r a l f in a n c e s .—The refunding o f the $70,377,000 of old high- Interest on b o n d s ..............................
154,217
104,092
interest-bearing bonds into the 3^8 o f 1897 during the years 1898 to Equipment trust charges..........
1905 w ill efteot a saving o f $1,200,000 per annum in interest oharges ; Dividend on 1st pref.*....................... (5)250,000 (5)250,000 (5)250,000
....... (3) 330,000 (2) 220,000
to June 30, 1901, $32,181,060 old bonds had thus been retired; Dividend on 2d p r e f.* ..
$6,723
$78,642
saving in oharges by refunding in 1900-01, $538,597.—V. 73, p. 790.
Balanoe, surplus.........................
38,927
In July, 1901, the com pany had aoquired $45,289,200 of the oapital
* N o t e .—Dividends from earnings o f year given are paid in Maroh
stock of the Lake Shore road in exohange for 3*2 p.o. bonds (see above), o f follow ing year. Pres., Wm. H. Canniff.—(V. 75, p. 1 3 3 .)
leaving $4,177,300 afloat, including $533,500 guaranteed 10 per cent
N e w Y o r k C o n n e c t in g R R — V. 72, p. 1280; V. 74, p. 830.
dividends (see V. 66, p. 288, 336,1238), and also $16,814,300 o f Mich.
Central stock, leaving $1,883,600 still outstanding.
N e w Y o r k Sc G r e e n w o o d L a k e R y — ( See Hap o f Erie RR.)—
In April, 1900, $15,000,000 stook was issued at par to provide new
rolling stook, and on Apr. 16,1902, the stockholders voted to inorease Owns from Jersey City, N. J., to Greenwood Lake, 41 miles, ana
the stockfrom $115,000,000 to $150,000,000, $17,250,000 of the new branches to Ringwood, eto., 8 m iles; Watchung Ry., Forest HU1 to
stock being offered to stockholders of record Mar. 31 until May 1, Orange, N. J., 4 m.; total owned, 53 m. Stock, $100,000; par, $50.
L e a s e . —On May 1,1896, was leased to the Erie RR. for 999 ye®1®from
Inclusive, pro rata at $126 per share. Payment for the new stock
must be made by May 12, the new stock to receive all dividends p a r May 1,1896. Prior lien bonds are guaranteed, principal and interest,
able after Apr. 15. V. 74, p. 151. A portion of the prooeeds will by Erie. See V. 63, p. 513; form of guaranty V. 65, p. 463.
be used for the substitution o f electricity for steam on New York
N e w Y o r k Sc H a r l e m R R — Owns New York City to Chatham,
suburban division and the oonstruotion o f a loop under the Grand N. Y., 136 miles (four-traoked 7 miles north o f Harlem River). Aise
Central Station exclusively therefor.—(V. 74, p. 151, 776.)
owns Fourth Ave. St. RR.
From surplus for year ending June 30. 1901, $1,500,000 was appro
L ease .—The property (except the horse railroad) was leased April 1,
priated as a special improvement fund in addition to $2,000,000 ap
j.873, for 401 years, to the N. Y. Cent. A Hudson River RR. for interest
propriated in 1899-00. V. 72, p. 1188.
Average train load for entire system, including com pany’ s freight, on bonds and dividends at rate of 8 p. 0. yearly, since increased to iu
p. 0. through refunding of bonds. V. 70, p. 740, 1049, V. 71, p.
was 392 tons in 1900-01, against 361 tons in 1898-9.
lO I
MARIE
V A N D E R B I L T L I N E S between N E W Y O R K and C H I C A G O
T rou t L
TAW A
arletothTc
H aliburton
S h a rb o o L
W olverin e
[V anderbilt
A lp ena
SG ay lord
E ldorado
F re d eric p 0
iGray lin g
LUoscominorr
alton
G0E^SBUEG3‘
bckriHe
Orilli;
■ indsay
Southanm ti
AU andale
V ^ X B eaverT ake
C ad illac
Katlaud
y Beeto'
BONDS.
\ T^Alger
X5AN
R eed C ity
;ig Rapids*
Ge h
u lp
AlmarC
Gieenviiie
AND
H .\ lo n ia
o C a » nov
r 1*;
STOCKS
RAILROAD
T Iarristo n
•rtland /
rHO M El
Watkins
IA C E T
NHS I
K |
ILLSDALi
,Jamestown*
o LYSSESjZHTMii
cowanesQ ^
----- STOKE§DALE JC
Qled Wlls o
a t n e bit
.aver
cran io
Mono n
'c
Mansfield
PATTO N ’
D claw ari
Altoona
oshoc uv
M AP OF THE
July, 1 0 ]
92
mom
\Day
ashingtbn
oIuiiiIhim
^Sardinia
George to^
New Alban;
lays vi lie
unoul
NEW YORK CENTRAL & HUDSON RIVER R. R
LAKE SHORE & MICHIGAN SOUTHERN R’ Y
NEW YORK, CHICAGO & ST. LOUIS R. R.
MICHIGAN CENTRAL RAILROAD.
r n A R JH S & t! RG
* PH l
hi a
ANNAl
LD
A
\\
103
INVESTOR’S
SUPPLEMENT.
[Y ol. LXXY.
Bonds—
Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount
pal,When Due.
of
of
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, A c., see notes
Road. Bonds Value.
Whom.
Dividend.
on first page o f tables.
Cent. Payable
$
RAILROADS.
N ew F o r k N ew H a v en & H a r t .—Stock. See text
1st mortgage (for $5,000,000)................................r
Debentures, exchangeable for stoek 1903........ c*
Dehen. ($5,000,000 each), cur., non-con vert., c&r
N. Y. Prov. & Bos., gen. M. (now ls t),g .,a s s ’ dc&r
Shore Line 1st M., N. H av. toN . London, assumed
H ousatouic old consolidated mort. (assumed)...
New consol. M. ($3,000,000) g. (assum ed). F .c*
New Haven Steamb. M., g., ass’ d, call aft. 1904..
B onds o f P r o p r ie t a r y , e t c ., L i n e s ;
$100 $54,685,400 8 In 1901
123 1883 l.OOOAe
2,000,000
4
___ 1893 100 Ac. 16,397,200
4
___ ’ 97-’01
10,000,000 3 ^ A 4 g.
62 1892
1,000
1,000,000
4 g.
49 1880 1,000Ac
200,000
4Lj
4
90 1880 500 Ac.
100,000
90 1887
1,000
2,839,000
5 g.
___ 1899 500 Ac.
225,000
5 g.
51
Bos. A N.Y. Air L. 1st M., N. H. to W illiman., Ct.c*
3i«
Colchester RR. 1st mortgage .................................
36
Danbury A Norwalk con.“ Ml ($100,000 are 6s) .c*
Genl. M.,Danbury,Conn.,to Wilson Point, Ac.e*
36
12
Harlem R. A Porto. 1st M. gu. ($1,000,000 6s).F . c&r
12
2d mortgage, guar. (See V. 5 6 ,p. 8 1 3 ).F . c&r
Naugatuck IstM ., Nauga. Juno, to Winsted, Ct.r
55
13
New H aven A Derby, consol, mort. (Nov. lst)..c*
N .H .AN o., eon. s. f. $15,000 p. yr.,n otd rn .U n .c*
98
Northern Extension bonds........ ...................... o*
28
Deb’tures ext. in ’96, non-eonv.,V. 62, p. 548.0*
H olyoke A W., leased, mtge. $200,000, guar..o*
10
New England and Old Colony—See those cos.
Providence A W orcester 1st mortgage, eurrenoy
51
Nantasket Beach, 1st mort., extended in 1901...
7
N.T.O.d W —Ref. (1st) M. $20,000,000, g..IHe.o*<fcr Text.
Gold notes, sec. b y 1st M. on Scranton Ooal C o.. __
D o g., see. by 1st. M. on E lkH . C. A I.,d u e s-a.o* ___
Equipm ’t trusts, i i 0 payable semi-annually. M a
If. P. < Ottawa BE.—R eceivers’ certif., $585,000.. 128
&
IstM ., $3,500,006...................................M o.x ,o* A r
128
2d M. Incom es (cum. after July 1 ,1 9 0 0 ), g .M o .r . . . .
1880
1,000
1877
1,000
1880
100
1883
1873
1,000
1.000
1881
1883 1,000Ac
1,000
1888
1879
1,000
1,000
1881
1886
1,000
1891
1,000
500,000
25,000
500,000
150,000
2,000,000
1,000,000
150,000
575,000
1,200,000
700,000
700,000
200,000
1897
1,000
1,500,000
1880
250.000
1892 1,000&C 16,937,000
1899
1,000
2,250,000
1900
1,000
3,275,000
1901
1,000
456,000
1900
436,500
1897 i,ooo&
o 1,728,000
1,000
632,000
1897
1220. The street railway was leased in July, 1896, to Metropolitan
Street By. Co. for 999 years at $350,000 yearly (S1 p. o. on stook) for
^
5 years and $400,000 (4 p. e.) thereafter. V. 62, p. 1088.
REGULAR ANNUAL DIVIDENDS 1901.
Guaranteed hy N. Y. Central.................................10% (Jan. 5%, July 5%)
From Metropolitan Street By. rental...
31
s% (April 13t%, Oct. 1%%)
E xtra as int. on investments (V. 67, p. 1 78 ).. ^ % (April > %, Oct. * %)
2
4
4
A lso in Oct., 1899, a surplus distribution of 25 p. o.—(V. 74, p. 1252.)
N e w Y o r k & J e r s e y K B . —Owns two partially constructed tun
nels under the Hudson River, between New Y ork City (Manhattan
Borough) and Jersey City, about 4,000 feet o f the north tunnel having
been completed and 1,580 remaining to be built; o f the south tunnel
600 feet has been constructed. Terminals in Mew Y ork w ill be in the
neighborhood of Christopher and Hudson streets. To be operated by
electricity. The North Jersey and Jersey City Hoboken A Paterson
Street Bys. will use the tunnel when completed. In April. ln o 2 , pre
lim inary construction work was begun; in J uiy, 1902, the N. Y. Bapid
Transit Commissioners granted a perpetual franchise, the rental
charges to be readjusted every 25 years. See V. 75, p. 77.
Incorporated in New Y ork on Feb. 11,1902, as successor o f the Hud
son Tunnel Ry., sold in foreclosure per plan Y 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-cumulative preferred; par of
shares, $100. Of the $7,000,000 bonds, $2,500,000 are reserved for the
construction of the south tunnel. V. 74, p. 380, 577.
Officers .—President, Wm. G. McAdoo; Vice-Presidents, W alter G.
Oakman and Edmund C. Converse; Secretary, Chas. W. King; Treas
urer, H enry A. Murray; directors, V. 74, p. 577. Office, 15 W all Street,
New Y ork.—V. 74, p. 380, 577, 884, 988; V. 75, p. 77.
N e w Y o r k L a c k a w a n n a Sc W e s t e r n B y . —Binghamton to B uf
falo and IntematT Bridge and branches, 214 miles, of which the main
line, 213 miles, is double track; Delaware L. & W. has a lease for dura
tion o f charter from October, 1882, giving a guaranty o f the bonds ant)
5 per cent yearly on the stock, bonds and stock being endorsed. See form
o f guaranty o f terminal bonds in V. 67, p. 1357; see also V. 68, p. 283.
N e w Y o r k L a k e E r i e & W e s t e r n K B . —See E r ie RE. Co.
N e w Y o r k N e w H a v e n Sc H a r t f o r d K K . —Covers Southern
New England and the only direct routes between New Y ork and Boston.
Leased (part Owned.)
Miles.
L ines Owned in Fee—
Miles. New Eng. RR. (which see)........ 536
Junction near N. Y. City to
Old Colony RB. (which s e e )..616
Springfield, Mass.....................122 Litchfield, Conn., to Bethel___ 38
Lines to Providence, Pittsfield,
Lines Leased—
Litchfield, etc.......................... .316 Providence & W orcester......... 48
Leased and Controlled—
Other lin e s .................................. 20
Lines to Turner’ s Falls, etc___268 Trackage to N. Y . City, e tc___ 30
Other lin es................................... 43
Total oper. July, 1901(87 miles has fou r and 667 tw o tr a c k s )..2,037
Controls Fall Biver, PrOv. & Stonington, New Haven, New London
•nd Norwioh SS. lin e s —V. 70, p. 842; V. 71, p. 643; Y. 73, p. 721.
H isto r y .—A consolidation in 1872 of the New York & New Haven
and the H artford & New Haven. In years 1892 and 1893 acquired
control of several companies whose bonds are given in table above.
The Housatonio, Shore Line, N. Y. Prov. & Boston and the Shepaug
Litchfield & Northern have been absorbed b y consolidation. , V. 69,
p. 742. See also Old Colony. Four-tracking, etc.,at Bridgeport, Conn.,
to cost perhaps $3,000,000, progressing in 1 9 0 1 .- V.69, p. 955; V. 71,
p. 644; V. 73, p. 138. In 1895 acquired control o f New England BB.
Electric Railways.—Controls Stamford St. B y., Meriden E lectn o By.,
electric railway between Hartford and New Britain, 10 m., 14 miles
between Providence and Bristol, eto.—V. 67, p. 732; V. 69, p. 742;
V. 71, p. 644; V. 72. p. 137Ca p it a l St o c k .—Stock authorized, $100,000,000. It may be issued
f o r improvements, buying stocks and bonds o f leased roads, Ao.;
$16,397,200 will be needed to take up the convertible debentures in
1903. (V. 56, p. 289, 373, 579.)
D iv id e n d s .— ) 1873-1893.
1894.
1895 to June,i’02, (lncl.)
Per cent. S 10 yearly.
9
8 (2 per cent quar.)
B o n d s .—The convertible debentures o f 1893 for $16,397,200 are e x
changeable at option o f holder “ on April 1,19 03 , or within 60 days
thereafter, and no longer,” for com pany’ s stock at par. If not then
exchanged they will be paid in cash April 1,1908. See V. 55, p. 1035,
and description page 4 S up . o f April, 1895. Under the lease New
Haven road “ assumed” the debt o f Old Colony. In Mar., 1901, $10,000,000 non-convertible debentures w eie authorized, $5,000,000 of
which were sold, the proceeds to be used in part for improvements
at Bridgeport, Conn.—V. 72, p. 627; V. 73, p. 721.
L e a s e d L in e St o c k s .—The stocks o f the leased lines unexchanged
on June 30,1901, or later, and the dividends payable thereon are shown
below, the shares being all $100 each excepting Danbury A Norwalk,
which are $50 eaoh. The leases are for 99 years.
Stocks—
Totai. issue.
Unexch. Divid’d. Period.
Berkshire....................................... $600,000 $599,000
6 p. o. Q.—J.
B. A N. Y. Air Line p ref............2,998,500 1,396,000
4 p. c. A. A O.
do
do
com m on.. 898,500
154,700 Pays no divid’d.
Danbury & Norwalk.................. 600,000
152,925
5 p. o. J. A J.
N augatuck...................................2,000,000 1.006,400 10 p. o. J. A J.
N. H. & D erby............................ 447,000
21,600
4
J. & J.
5
7
5A 6
5
6A7
4
4
5
6
5
5
4
4
2*2
4 g.
5 g5 g.
41
ag.
6
4 g.
6
Q.—M jo
J. A D.
A. A O.
M. A S.
A. A O.
M. A 8.
A. A 0.
M. A N.
A. A] O.
F.
J.
J.
A.
A.
J.
J.
M.
A.
A.
J.
A.
A
&
A
A
A
A
A
A
A
A
A
A
New Haven, Co.’ s Office.
N. Y., Chem’al Nat. Bk.
N. Y., Lincoln Nat. Bk.
New York.
do
N. H., Nat. N. H. Bank.
New Haven, Conn.
N. Y ., Farm. L. A Tr. Co.
N. Y., Lincoln Nat. Bk.
A. N.Y., Lincoln Nat. Bank
New Haven ,Conn.
J.
J.
do
’ do
do
do
O.
O. N. Y ., Chem’ al Nat. Bk.
do
do
D.
D. New Haven, Ct., Treas.
New Haven, Conn.
N.
do
do
O.
do
do
O.
do
do
J.
do
do
O.
A. A O. Prov.,R. I. Hosp. AT.Co
A. A O. Trea8.,01d Col., Boston.
M. A 8. N. Y. Office, 56 Beaver.
.
N. Y .,N . Y. Sec.&Tr. Co.
J. A D. N. Y ., M orton Trust Co.
M. A S. N. Y ., Manhat. Tr. Co.
J. A J. Of. reo.,27 Pine St.,N.Y.
M. A N. N ov.,’98,coup.last paid.
J’ne 30, ’02, 2
June 1, 1903
See text.
Men. 1, 1947
Apr. 1, 1942
Mch. 1, 1910
Apr. 1, 1910
Nov. 1, 1937
June 1, 1919
Ang.
July
July
Apr.
Oct.
June
June
May
Apr.
Apr.
July
Apr.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1905
1907
1920
1925
1903
1911
1913
1918
1909
1911
1904
1911
Oot. 1, 1947
V. 72, p. 675
June 1. 1992
A ug.’02 Feb.’l l
D ec.’02 J’ne’15
To Mch., 1906
By July, 1903
Nov. 1, 1917
July 1, 1912
Stocks—
Total issue.
Unexch. Divid’d. Period.
New England, com m on ....$20,000,000
$52,500 Pays no divid’d.
do
do
preferred.........5,000,000
74,100 3 p o. Oot.31,&o
A. A O .
None.
4
N. H. & Northampton,............. 2,460,000
Old C olony................................ 16,608,900 11,089,900 7
Q.—J.
Pawtuxet Valley (par, $ C l))... 100,900
100,900 7 p. o. J. & J.
Q .- J .
Stookbridge A Pittsfield.......... 448,700
437,700 6
E a r n in g s . —F or 9 mos. ending Mar. 31;
9 mos.
Cross.
Ret.
Oth. inc. Int.,tax.,<f;c. Bal.. sur.
1901-02 ..$31,954,007 $9,826,290 $577,770 $6,127,436 $4,276,524
1900-01.. 29,532,311
9,076,468
338,228
6,010,054
3,404,642
A nnua C R e p o r t .— Annual meeting is held third Wednesday in Oct.
Report for 1900-1901 was in V. 73, p. 721.
Tr. end. June 30.
1901.
1900.
1899.
1898.
Miles operated..
2,038
2,038
2,047
1,464
Passengerearns.$19,853,093 $19,764,755 $18,384,831 $15,901,669
~ ' ‘ ' ea rn s... 19,864,701
20,164,753
18,381,849
14,081,857
Freight
414,517
395,643
377,237
339,212
M iscellaneous...
Gross earnings..$40,132,311 $40,325,151 $37,143,917 $30,322,738
Net e a rn in g s....$12,083,332 $12,100,311 $11,562,661
$9,431,052
Other in c o m e ....
562,560
546,121
623,423
601,068
Tot.netincom e$12,646,391 $12,646,432 $12,186,084 $10,032,120
Int. on b o n d s ... $1,166,967
$1,062,435
$1,100,119
$1,024,138
Other in terest...
1,858
521
10,953
28,995
Rentals............... 4,451,634
4,476,258
4,537,875
3,370,477
Taxes................... 2,367,636
2,484,605
2,171,167
1,688,871
Dividends..........(8)4,294,738 (8)4,231,278 (8)4,158,688 (8)3,809,816
Balance..............sur.$363,548 sur.$391,335 sur.$207,282 sur.$109,823
O f f ic e r s .— President, John M. Hall, New Haven; Secretary, W. D.
Bishop Jr.; Treasurer, Wm. L. Squire, New Haven, Conn.
Directors.—L. Brainard, H artford, Conn.; W . D. Bishop, Bridgeport., Conn,;
Carlos French, Seymour, C onn; J. Pierpont Morgan, William .R ock efeller,
Cbauncey M. Depetr, George McC. Miller, New York; Joseph Park, Rye; H enry
8. Lee, Springfield, Mass.; Charles F. Choate and Nathaniel Thayer, Boston;
Royal C. Taft, Providence; C. F. Brooker, An sonia, Conn.; I. De V. W arner.
Bridgeport, Conn.; J. M. Hall, Arthur I > Osborne, Geo. J. Brush. New Haven;
.
Frank W. Cheney. South Manchester; Edwin Milner. M oosup, Coun.
—(V.73, p. 612, 6 1 6 ,7 2 1 ,1 0 6 2 ; V. 74, p. 380,1038,1196, 1252.)
N e w Y o r k Sc L o n g B r a n e k K K . —Perth A m boy to Bay Head, N.J.
38 miles. Leased in 1888 for 99 years to Penn. RR. and Cent. RR. o f
N. J., which join tly and severally guarantee interest and 7 per cent on
$2,000,000 stoek, all owned hy Cen. RR. of N. J.—V. 72, p. 438.
N e w Y o r k O n t a r i o «k W e s t e r n B y . — (.See M ap.;—Operates
from Weehawken, opposite N. Y . City, Jo Oswego, on Lake Ontario:
Road Controlled, die.
Miles.
Road Owned—
Miles.
Oswego to Cornwall, N .Y ......... 272 Pecksport Conn, (all ow ned).. 4
Branch to New B erlin.............. 22 Ontario Carb, A S. (all owned.)
Cadosia.N.Y., to Scranton,Pa. 54
do
to Delhi......................... 17
do
to EUenvH le...............
8 Rom e A Clinton (leased)........ 1T13
Utica Clinton A Bing, (leased). 1131
7
Total o w n e d ............................ 319 Wharton V alley (owned)..........
IT See tlds Co.
----Trackage (till 2079) W. snore RR.:
cage (tut z u /y ) w. Shore k b .:
Total operated July 1,1901.-481
C’nwa! toW ’h’ken(V.61,p.425) 53
all
In 1899 acquired nearly all the bonds and about three-quarters of
the stock o f the Port Jervis M ontlcello A New York RR. (whioh see);
which with an extension of the Ellenville branch, 27 miles, will con
nect Port Jervis and Kingston. V. 71, p. 556; V. 73, p. 501.
O r g a n i z a t i o n .— The New York A Osweg* Midland was sold In fore
closure Nov. 1 4,1 87 9 , and this com pany organized.
St o c k .—Stock is $58,118,982, (par, $100), o f whioh $5,000 is old pref.
V o tin g T r u s t .—The preferred was originally $2,000,000, but all ex
cept $5,000 has been exchanged for bonds under act o f June 8,1885.
The exchanged preferred stock is held alive under a voting trust and
elects eight o f the thirteen directors under a provision of the “ Articles
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 com mon stock. 8ee V. 61, p. 425, 426, and editorial, V. 65, p. 495.
B o n d s , E tc .—R efunding mortgage for $20,000,000 covers 319 miles
of road owned, all the securities of the Ontario Carb. A Scranton Ry.,
54 miles, and all other property hereafter aequired. The balanoe
unissued is available for additions, improvements, etc.—V. 72, p. 87.
G e n e r a l F in a n c es .—In Anr., 1902, President Fowler suggested ap
plying surplus earnings for three or four years to cost (about $1,500,000) of double tracking 107 miles of mam line.—V. 74, p. 830
Early in the calendar year 1899 the coal properties at ScraDton,
Pa., o f the Lack. Iron A Steel Co., (the capacity o f the collieries
then open being about 700,000 tons per annum) were purchased hy
the Scranton Coal Co., aided by loans from the N. Y O. & W., the latter
issuing its $2,500,000 5 p. o. notes (reduced to $2,250,000 on Feb. 1,
1902), extending over a period o f years secured by first mortgage on
the ooal property, and loaning $1,475,000 (of which $305,000 has
been repaid) secured hy a second mortgage thereon, the O. A W . ob
taining a contract for the entire tonnage. V. 68, p. 41, 429. The
ooal companies are expected ultimately to take care o f all the obliga
tions 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
H ill Coal A Iron Co., the N. Y. O. A W. issuing its $3,500,000 5 per
cent sinking fund first lien gold notes secured by the Coal & Iron Com
pany’ s first mortgage, these notes maturing $75,000 each 6 mos., begin-
ASKI
103
B oon v llle
Sterling
'" n ..
Vk
RAILWAY A CORRECTIONS.
HUD ,
Fishers
MICH
Shorts V
Cayuga
a
trunk
Avon
Lancaster
n
Ganandaiguajjjj
BONDS.
JamisOnt
STOCKS AND
Aubu:
Rfppletoiv
S ch en ecta
Geneva
\Canandaigua
Attica
[tanley
TROY
• Buy ter
e
Cq,yuga\L,
Penn Yan
Smyrna
£ P
Gaines V,
Springwater
Sardinia
Dana V,
N orw ich
Liberty
Swains
> O
Galena
Cortland
'finecq.
Crooked L,
Nunda
Dayton
Norton
(obees
Benton C
LTVTorris
arsawi
Spring ville
Ammondsi
Hartford
Ithaca
O xford,
1 * 3 * '
J u n ctio n
Burns
Machias
Cherry
Creek
Ashford
Elliotts V. /
May villi
»Horn ells V,
'C h en a n g o
Cuba
Little V.
Forks
Spencer V Salamanca
Jamestown
O v je g o e
Andover
^\rt\»ra
T)lean *\ / Bolivar U
V\
i/L ittle Genesei
Carrollton
Southporj
Elk land
Eldred
Bradford
KAILKOAD
P ola n d
uedon
C
N I A G A R A FA LL:
L a w ren ce V.
Athens
Great Bcnll
Susquehanna
Westfield,
Montrose
Port Alleghany
POUGHKEEPSIE
MONTiCEL LQ,„
®OTTAWA
Bay C i t y ^ ^
Hawley
|
I LANSING,»
Porte
, W.
A
. o.
d T o
h o c h e s te h
R. R.
ffalo
Oleau
Emporium
Sandusky C levelan d
;anspori 0
Wllllamepor
.Red Bank
Fostoria
Mansfield
Delaware °
©IN D IA N APO LIS
COLUM BUS
Cincinnati
!
1
Y P ittsb u rg
)
Wheeling
ANTON
Oakland
v
Bose Feint
\ Port Cllntar
PORTJ£ RVn
IX
RANDALLSVILLl
Salamanca
Fort Wayneo
(TurikhannocK
Bernice
p /r r *
ALBANY
Syracuse
n well
Gilmar.? r
Hartwood ]
Barclay
Presoot lo
M f C H ,1 G A N
1
| Grand Haven Sagluaw
l
New
P ia tr
Towanda
Sudbury Jo.o
Sault Stc^faric
Y
^TVfansfield
farton
July, 1 0 .J
92
NEW YORK,
ONTARIO & WESTERN^
NEW BERLIN J C .T *
WALTON
{
Wluwbd
VForest City
/trohbftldl
Olypkant
SCR A NTO JN
flikes-Bjvrre °
Hughes V .
>
Gottidsboro
LKESBARRE
summitville^
P e n o b s co t
^5
Campbell H a ir^
~S?orul alF
w
Elttstcn
n^
O akland
SlraW
appaul
lergeu Fields]
Delaware W:\Ut <>jp
S trou d sb u rg h
W t E H AW K
HARRISBUR
AUCH CHUNK
P h ila d e lp h ia Y
THROUGH ROUTE
N E W YO R K to CHICAGO
Andover
Ymn Haven
TRENTO
\mok
'anmqua
N ew ar:
C.Y— VTT
C
/
104
INVESTORS’
SUPPLEMENT
[V o l . LXXV.
Rone!*—P rin ci
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Dne.
Amount
of
Par Outstanding Rate per When Where payable, and by Stocks—Last
of
For explanation o f column headings, &o., see notes
Road. Bonds Value
Cent. Payable
Whom.
on first page o f table.
Dividend.
RAILROADS.
N. Y. Phila. A Norfolk—Stock, $2,000,000.................
1st M., $3,000,000, g o l d ..F P ...............................o*
Incom e m ort., g., non-com ., reg,($1,000,000) F P
If. Y. A Putnam.—N.Y. & No., 1st mortgage, gold.c
N. Y. &P. con., $6,200,000, g., gu. p.&i. ena.YTn.c*
If. Y. A Rock. £ ’h.—1st M., $1,000,000, g., gu.Oe.c*
Incom e bonds, non-cum ulafive.Ce........................r
If. Y. Susq. A Western— Midland RR. ls tM .,g .C e .o ‘
Paterson Exten. RR. 1st M., real estate, s. f., g.c*
N. Y. Susquehanna & Western, 1st m ortgage......
1st mortgage, refunding, g o ld .C e ....................c*
2d mort. ($1,000,000 gold) 3d M. on 73 m.Ce.C*
General mortgage for $3,000,000, gold___ Ce.tr
Collateral trust bonds, subject to call, our.Co.
Terminal 1st mort. for $2,000,000, gold. .Us.c*&r
Oar trusts......................................................................
Allied companies—
Wilkesb. & East’n, 1st M., gold, guar. p. & i .^ . .c*
Susq. Connect. RR. 1st M. g.,red. at 105, g u .M p c
M iddletown Un < W. G.—See that company.
fe
Passaic & N. Y ., 1st m ort., (999 years, ren ta l)...
M acopin RR., 1st m ort. (br’ch to M acopin Lake)
N. Y . 8. & W. Coal Co., 1st M. (1,050 acres, 8.f.).e'
N. Y. & Wilkesbarre Coal Co. 1st m ortga ge.. -C o
N.Y. Tex. AMex.—1st. M .,g.,$or *,g u .b y S o.P a o.F o'
If or folk A Carolina - See A tlantic C oast L ine RR
fforfolk A Southern—Capital stock............................
1st mortgage, $10,000 per mile, gold. A ..............o*
N orfolk & W est. R y .—Com. stock, $66,000,000. A..
Adjustm ent pref. 4 p. c. non.cum. $23,000,000. A
a There are also $53,000 not guaranteed.
il2
112
57
57
12
12
72
1
134
134
134
$50 $1,714,375
1899
1,000
2,600,000
1899
1,000
1,000,000
1,000
1887
1,200,000
1894
1,000
4,025,000
1887
1,000
984,000
1887
1,000
1,000,000
1880 500 &c.
31500,000
1,000
1881
250,000
5,000
1,000
1887
3,745,000
1,000
453,000
1887
1890
1,000
2,547,000
1,000
1895
273,000
1893 l,000<fec
2,000,000
56,691
4
4
5
4
5
See text
g. J. & J.
M. & N.
fc
g. A. < O.
g. A. & O.
M. & 8.
g.
6 g.
6 g.
6 g.
5 & 6 g.
41
ag.
5 g.
6
5 g.
5
Checks mailed.
Phila., 26 So. 15th St.
Checks mailed(see text)
New Y ork City.
N.Y., Gr Cent. Station.
N. Y .,U . 8. M. & Tr. Co.
June 1 ,’02,2Lj
Jan. 1, 1939
Jan. 1, 1939
Oct. 1, 1927
Oot. 1, 1993
Sept. 1, 1927
A. & O. N. Y .,O f .21 Cortlandt St. Apr. 1, 1910
do
J. & D.
do
June 1, 1910
J.
A.
A.
N.
N.
do
do
do
do
do
do
do
do
do
do
do
do
Jan.
Feb.
Aug.
May
May
5 g. J. & D.
6 g. M. & S.
do
do
do
do
June 1, 1942
Mch. 1, 1907
J.
F.
F.
M.
M.
&
&
&
&
&
65
10
1892
1897
1,000
1,000
3,000,000
300,000
3
2
500
1,000
91
1885
1896
1887
1893
1882
500
£ &$
70,000
44,000
426,000
450,000
a l , 465,000
144
144
1891
....
....
100
1,000
100
100
2,000,000 5 in 1901 Q .-J . N. Y., Atlantio Tr. Co.
do
1,350,000
do
5 g. M & N.
64,469,200 2 in 1901 J. & D. Office, Philadelphia.
do
do
22,745,500 4 in 1901 F. & A.
6
5
6
6
4 g.
J.
J.
M.
M.
A.
&
&
&
&
&
D
do
do
D.
do
do
8.
do
do
N.
do
do
O. N.Y..S.Pac.Co.; London.
Deo.
Dec.
Mch.
Nov.
Apr.
li
1.
1,
1,
1,
1,
1,
1,
1,
1,
1937
1937
1940
1905
1943
1910
1916
191*
1933
1912
July 10,’02,1%
May 1, 194,1
June 20. ’02, 1
Feb.21,’02,2%
the Erie R R ., w hich operates the line as an independent outlet to New
York. See Y. 66, p. 53, 83 and 759.
Stock .—Pref., $13,000,000; com ., $13,000,000, o f which the Erie
owned June 30,1901, $12,378,900 com mon and $12,892,400 preferred,
o f which $6,630,000 common and $6,630,000 preferred are deposited
under its Pennsylvania collateral trust mortgage.
D i v i d e n d s .— > N ov., 1 8 9 1 , to 1 8 9 3 .
None
On pref., p. ct. 5
2*a yearly.
since.
B o nds .— General mortgage 5s, bonds are reserved to retire the
second m ortgage 4^8. See m ortgage abstract, V. 52, p. 84. The
seconds are exchangeable for generals on payment o f an assessment.
As to terminal bonds listed in Sept., 1893, see S u p ple m e n t of Jan.,
1898, and abstract of mort. Y. 57, p. 512. The Wilkesbarre A Eastern
1st 5s are unconditionally guaranteed.—V. 60, p. 481.
Susquehanna Connecting 6s are called, $25,000 each M&S.
The New Jersey Midland junior securities are exchangeable into
stock on certain terms, and have m ostly been so exchanged.
E a r n i n g s .—11 mos., > 1 9 0 1 -2 ....G ro ss , $ 2 ,4 7 4 ,2 6 7 ; net, $ 1 ,1 1 5 ,6 7 4
July 1 to May 3 1 .
s 1 9 0 0 -1 ...... Gross 2 ,2 9 1 ,5 9 0 ; net,
9 6 8 ,0 4 9
R e p o r t .—R eport for 1900-01 in V .7 3, p. 441, showed on 238 miles.
Year.
Cross.
Net.
Oth. Inc. Charges. Bal. Sur.
$1,370,054
1900-01...........$2,504,887 $1,047,249 $29,570 $930,238 $146,581
$1,548,566
Balance, net earnings___$1,545,747
$1,543,973 1899-00.......... 2,582,116 1,115,350
25,890
936,168
205,072
$1,822,258
Tot. net income, incl. “ other.” $1,962,991
625,207 - ( V . 71, p. 236, 698, 751, 8 0 8 , 1013; V. 72, p. 936; V. 73, p. 4 4 1 .)
617,480
In terest on mortgage bonds..
654,133
46,319
153,471
Miscell. interest and discount
232,092
N e w t o r k T e x a s Ac M e x i c a n R y .—(See Map o f Southern
186,081
192,282
Rentals p a id .............................
197,533
Pacific.)—Owns from Rosenberg to Victoria, Texas, 91 miles; branch
Balance, surplus.................... . $879,233
$859,024
$686,366 from W harton, Tex., to Van Vleck, 31 miles, opened Sept. 29,1 90 0 ,
and in Apr., 1902, proposed to be extended from Van V leck southeast
Pres.,Thos P. Fow ler.—(V 73,|p. 1062; Y. 74, p. 427, 830, 1039.)
erly 20 miles. Stock. $630,040, of which Soutuern Pacific Company
owns $615,000. There are also $53,000 old sixes outstanding, and 30N e w Y o r k Ac O t t a w a R R . - Tupper Lake. N. Y ..to Ottawa, Can.,
128 miles. Stock, $2,540,000. In A pr., 1900, H enry W. Gays was year Matagorda division bonds issued at $15,000 per mile, due Jan. 1,
appointed receiver. V. 70, p.'842. In July, 1900, $436,500 receiver’ s 1931, int. J.&J., on the branoh from W harton to Van Vleck, 31 miles.
Operated by South. Pac. Co., which guarantees the 4s.
certiUcates were authorized, of which $400,000 were issued. V. 71, p.
135. Year ending June 30, 1901, gross, $93,877. Coupons o f May.
E a r n in g s .—11 months, >1901-2........ Gross, $343,838; net, $129,827
1899, and since in default. In July, 1902, no reorganization plan had
July 1 to May 31.
5 1900-1........Gross, 269,857; net,
81,491
yet been issued.—(V.71,p. 646.)
In year ending June 30,1901, gross, $288,623; net, $82,320; bal., def.
N e w Y o r k & P e n n s y l v a n i a R R . - Shingle House, Pa., to Can- under charges, $70,384. Due So. Paoiflo Co. June 30,1901, $681,416.
isteo, N. Y ., 52 miles. Sold In foreclosure on May 24,1902, lo F. A.
N o r f o l k Ac S o u t i l e r n R R . —Owns Norfolk, Va., to Edenton, N.
& H oward Cobb. V 74, p. 1139. For year 1900-01, gross, $85,162;
deficit under oper., $7,772 ; charges, $29,953 ; balance, def., $37,725. 74 miles; (ferry aoross Albemarle Sound to M ackey’s Ferry, 9 m iles;)
Cause of small earnings was stated to be extensive repairs, eto.—(V. thence road to Belle Haven, 30 m iles; Norfolk to Virginia Beaoh, 18
m.; Kempsville to Munden’s Point, 22 m.; total main line, 144 miles.
74, p. 1139.)
In Apr., 1902, branch was proposed to Cape Henry, 7 miles.
N e w Y o r k P e n n s y l v a n i a & O h i o R R . - See E r i e RR.
On Nov. 1, 1899, the Norfolk Virginia Beaoh & 8outhem RR., 40
N e w Y o r k P h i l a d e l p h i a & N o r f o l k R R . —Delmar, Del., to miles, included above, was purchased. - ( V . 70, p. 76, 381, 532, 1195.)
D iv id e n d s .—July, 1892, to July, 1902, incl., at 4 p. o. per annum,
Cape Charles, Va., 95 m., and King’s Creek, Md., to Crisfleld, 17 miles.
Reorganized in 1898-99 without foreclosure, per plan in Y. 66, p. 760. and in July, 1901,1 p. o. extra was also paid. —(V. 74, p. 206.)
R e p o r t .—
Cross.
Net.
Other Inc. Charges. Sur. tor div.
S e c u r it ie s .—Stock, $2,000,000; issued, $1,714,375; par, $50; repre
$163,787 $14,506
$68,240 $110,053
sented by negotiable trust certificates issued by Fidelity Insurance 1900-1.............. $697,100
200,412
9 ,5 17
69,650
140,279
Trust & Safe Deposit Co. o f Phila. Of the $3,000,000 1st 4s, $400,- 1899-0............... 629,488
Dividends paid in 1900-1 (5 per cent), $100,000; in 1899-0 (4 p. o.),
000 are reserved for im provem ents.—V. 68, p. 773, 978. As to in
com es, see V. 68, p. 978. Interest on incom es, 2 n. c., semi-annually $ 8 0 ,0 0 0 .-(V. 72, p. 1238; V. 74, p. 830.)
paid Nov. 1, 1899, to May, 1902, both inclusive. First div. on stock,
N o r f o l k Ac W e s t e r n R y . — See Mop.—System extends from Nor
2 p. o., paid Jan. 3, 1901; June, 2 p. c.; Dec., 2 p. c.; 1902, June, 2!g%. folk, Va., westward to Columbus, Ohio, and northward to Hagerstown,
E ar n in g s .—Year ending June 30, 1901, gross, $1,251,773; net> Md., with branches to the various coal fields in Virginia and West Va.
Miles.
Road owned.
Miles.
$436,146; other income, $3,120; charges, $270,895; div. (4 p. c.), $68,"
Norfolk, Virginia, to Colum
Sundry branches.................... 129
575; bal., sur., $99,796. (V. 72, p. 45; Y. 74, p. 380; 988.)
bus, O ........................................ 708
N e w Y o r k Ac P u t n a m R R . —Owns 155th Street and 8th Ave.,
Total owned J u n e 3 0 ,1901.1,563
N . Y. City (terminus Manhattan E levated), to Brewsters, N. Y., 54 miles; Radford, Va., to Bristol, T enn.107
4
double-track branoh to Yonkers, 3 m.; operates 4 m.: total, 61 miles. Roanoke, Va., to H agerstow n.238 Columbus Conn.A Term. RR.
H is t o r y .—Successor to the N. Y. & Northern, sold under foreclosure Graham to N orton.....................100
T otal...................................... 1,567
o f 2d mort. Deo. 28,1893, and purchased for N. Y. Central & Hudson Nor. Car. Juno, to Iron Ridge. 45
83
R iver RR.. whioh operates it under lease—see V. 63, p. 754, 820,1159. Lynchburg to Durham, N. C... 115 Double traok............................
Cin, Ports. & Va. (see below) 130
Roanoke to Winston............... 121
Decision, V. 74, p. 380. Capital stock is $6,500,000; par, $100.
O r g a n iza tio n —This Railway com pany in 1896 succeeded to the
B o n d s .—The New Y ork Central guarantees the new consolidated
mort. bonds, o f which $1,000,000 were reserved for improvements; also property and franchise o f the N orfolk & Western RR., etc., foreclosed
per p la n , was in V. 62, p. 641. The old stock paid an assessment
$1,200,000 to retire at maturity the first 5s.—(V. 74, p. 380.)
of $12 50 per share, oommon receiving 75 p. o. and the old pref. 1121
*
N e w Y o r k A R o c k a w a y R e a c h R y (See Map Long Island RR.) p. c. in new common. In 1900-01 the Penn. RR., together with con
—Owns from Glendale Junction to Rockaway Park, with branch, 12 trolled companies, acquired control through purchase of over $32,000,miles, of which 10-31 miles double track, mostly 80-lb. steel; leases, 000 o f the stock. See V. 74, p. 503; alsov. 70, p. 687, 1150, 1195; V.
1*90 miles; total, 13-90 miles: traokage to Long Island City, Brook 7 1 ,)' 809; V. 72, p. 184, 480; V.73, p.957. The Cincinnati Portsmouth
lyn, Far Rookaway, etc., 18 miles. Stock, $1,000,000; par, $100. Con & Virginia, Sciotoville to Oincinnari, 130 miles (including 4 m. track
trolled by Long Island Railroad Company, whose endorsement is age) was merged July 1, 1901. (V. 72, p. 137, 438. 532; V. 72, p. 503.)
printed on first m ortgage bonds, of which in July, 1901, $101,000 On July 1, 1902, took possession o f H illsboro R R , 20 miles, and
owned by L. I. RR. and deposited under its unified m ortgage, together Iaeger & Southern Ry., 5 miles, both purchased. (V. 75, p. 30.)
with $871,000 of the incomes. For year ending June 3 0,1 90 1 , gross, Branches building June 30, 1901, 24 m iles; see V. 73, p, 503.
$356,411; net, $143,050; interest, taxes, eto., $71,501; balance, sur
St o c k .—Provisions o f preferred stock certificates were given in Sup
plus, $71,549, appropriated for improvements.—(V. 66, p. 1046.)
pl e m e n t of April, 1897, page 4, said stock being 4 p. o. non-oumulative,
N e w Y o r k S u s q u e h a n n a Ac W e s t e r n R R . — (See Erie Map.)
with preference as to assets and dividends.
(honed (in fee) or entire Stic. Miles. Susq. Connecting R R ................ 10 D iv id e n d s , p. c . ) 1897.
1898.
1899.
1900. 1901.
1902.
Jersey City to Gravel PI., P a .. 101 Other branokes........................... 24
Preferred.
S 1%
Z%
4%
4%
Feb., 2%
[Double track 19 miles.]
Lines leased, etc.
Miles.
C om m on........ )
..
..
..
.........
2% June, 1%
Two Bridges,N .J.,toU nionville 21 Middletown Un. & Water GapjT 14
B o n d s .—The first consolidated mortgage of 1896 is limited to $62,Wilkesbarre & Eastern............. 65 Trackage......................................
3
500,000, of which an amount equal to the underlying bonds can be
Total road operated (Usee this co.) June 3 0 ,1 9 0 1 ......................... 238 Issued only on the retirement o f the same. The balance is or was
H is t o r y .—Consolidation in June, 1881, o f the Midland of New J. In reserved as follows: For new construction, acquisitions and improve
1898 nearly all o f the capital stock was exchanged for stock of ments, not exceeding $1,000,000 yearly, $9,690,436 and $3,500,000
ning June 1,1901. to June 1 ,19 11 , and thereafter $200,000 semi-an
nually to Dec. 1,1915. In the event o f any additional mortgages
being placed on the railroad properties besides the refunding mort
gage, the notes are i o be secured pari passu with such new obligagations. The Elk Hill Co. also made a second m ortgage to the N. Y. O.
& W. for $2,400,000 at 5 per cent. V. 71, p. 1270; V. 73, p. 501.
The com pany’ s coal tonnage is derived from the follow in g sources:
Scranton and Elk H ill companies (as above stated), total maximum
capacity, 2,700,000 tons; other companies, 300,000.
E a r n in g s — 11 m onths,) 1901-2..Gross, $5,194,651; net, $1,322,953
July 1 to May 31.
5 1900-1. Gross, 4,819,814; net, 1,389,843
For 9 mos. ending Mar. 31, 1902, net, $1,287,629, against $1,258,175; other ino., $175,4 85; charges, $775,545; surplus, $687,567,
against $646,694
A n n u a l R e p o r t .—Fiscal year ends June 30. Annual m eeting la >
Wednesday in September. R eport for 1900-01 was given at n th
V . 73, p. 492, 501; see also editorial, p. 467.
Coal traffic in 190001, 2,361.026 tons (out o f 3,508,508 tons), against 2,157,553 in ’99-00.
Year ending June 30.
1901.
1900.
1899.
Gross earnings.......................... $5,322,884
$4,963,483
$4,346,164
Operat’g expenses and taxes. 3,777,137
3,414,917
2,970,110
105
K ,'
'V
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i
‘ la s r C ity
.
. _
STOCKS A N D
BONDS.
'A o n \ ^
>
fit
t-f
■5
o
o
, .|
S
A
Sitin' J
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; < < if
KA1LKOAD
S
MAP
OF
THE
IS lllN O R F O L K & WESTERN
R A I L W A Y
J u l y , 1902 .]
CONNECTIONS.
t
r .t
■
106
INVESTORS’
SUPPLEMENT.
[V ol. LXXV.
Bouas—
Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When D u t.
Amount
Par
of
of
Rate per When Where Payable, and by Stocks—Last
For explanation o f column headings, &o., see notes
Whom.
Road. Bonds Value. Outstanding Cent.
on first page o f tables.
Payable
Dividend.
RAILROADS
N o rfo lk & W estern B y .—(Concluded—
N. & W. Gen. (now 1st) M .N orf.toB ris..etc.g.F P c* 428 1881 $1,000 $7,283,000
6 g. M. & N. N. Y., Mercant. Tr. Co.
1,000
2,000,000
do
do
New R iver division 1st mortgage, g o ld .F P .c * 160 1882
6 g. A. & O.
5,000,000
1,000
See text.
Improvement & Extension Mort., gold F P . c* 588 1883
6 g. F. & A.
1,000
5,000,000
Scioto Valley & New E n g.,lstM .,assum .,g.C e.o* 129 1889
4 g. M. & N. N.Y., Mercantile Tr. Co.
N. & W. 1st consol. M., $62,500,000, g.M e...c*& r 1,697 1896 500 &o. 33,204,600
do
do
4 g. A. & O.
1,000 20,000,000
. . . . 1901
do
do
P oca h jt. M.,$20,000,000, g., call 105,s.f.GP.e*&r
4 g. J. & D.
4 1892
500
600,000
Col. Con. & Term. 1st M., g., gu. p. & i. (end.) A c*
J. & J. N.Y., Atlantic Trust Co.
5 g.
1893
1,000
—
68,000
Equip, tru stof 1893, gold, not sub to c a ll.F P .o *
Q .-J . N.Y. Mercantile Tr. Co.
& 81892
1,000
52,000
Eauin. trusts, gold U P ........................................... c
Q.—J.
5 g> M. & S. Phila., Fidelity Tr. Co.
..
1,000
1902
3,500,000
Equip, trusts, g., $500,000 y ’rly, beg. 1905.F P .c *
4 g.
223
100
North Carolina—Stock, 7 per cent rental.................
....
4,000,000
7
F.&A. 10
Burlington, N. C.
No. P e n n —Stk.,8 p. c. gu.990yrs.,$6,000,000auth.
86
....
50
4,721,250
8
Q.—F. Phila. Of., 240 So. 3d St.
4
Old 2d M., now 1st M.( 7s extended in 1896)_ c
_
56 1866 500 &c.
1,500,000
M. & N.
do
do
86 1873
4,500,000
do
do
General mort. bonds (option, V. 73, p. 1160) .c&r
7
J. & J.
1,200,000
6
M. & S.
do
do
Consol, bonds secured by $1,200,000 stock........ r
1881
4
M. & N.
do
do
302.000
Funding loan bonds, $40 9,0 0 0 ...............................
—
1898
118,608
Real estate mortgages June 3 0 ,1 9 0 1 ..................
1,000
No. East Penn.—1st M., g., gu.P.& R. (end.) G u P o*
26 1890
400.000
5 g. A. & O. Phila., Phila. & Read’ g.
1,000
107 1896
1,650,000 8ee text. J. & J. N.Y., J. P. Morgan& Co.
North’ n Ala.—1st M ($350,000 are prior lien). K . c
Boston, 19 Milk at-.
100
83
3,068,400 See text. Q .-J .
Norttiem, (N. B .)—Stock, 6 p. 0. rental......................
_
Northern Central—(Stock $12,000,000 authorized)
50 11,462,300 8 in 1902 J. & J. Baltimore, Treas. Office
1,500,000
6
1st mort., State o f Maryland loan—V. 74, p. 1197 145 1855
Annapolis.
Q .-J .
394,000
Consol, gen. mort. Cgold, s.f., dm . at 100, A & B .c 145 1874-5 $ & £
6 g. J. & J. London and Baltimore.
145 1876-7 $1,000
2,000,000
J. & J. Baltimore, Treas. Office.
of 1874, gold, se-7 gold, $, C & D . F P ...............c
6 g.
1,000
do
do
cures all equally. ( gold, E ................................... c
145 1885
1,757,000
41
2g. A. & O.
3,565,000
5
J. & J. Baltimore,Treas. Office.
2d gen. M., series “ A?’ & “ B” (A $2,565,000).F P
145 76&82 1,000
4
100
Q .-M . N. Y „ 21 Cortlandt St.
North’n o f New Jersey— Stock, guar, (see V .69,p.81) ____ m
1,000,000
21 1887 100 &0.
654,000
6
J. & J. N. Y „ U. S. Mort. & Tr.
3d m ortgage, now 1st, interest guar.................... c
1,000
4*2g. J* &
N. Y., 21 Cortlandt St.
Gen. M., $1,000,000, g., int. g u .h y lease. C sm .c* . . . . 1900
154,000
additional tor similar purposes. The right to issue prior lien bonds
has been annulled.—V. 73, p. 502; V. 74, p. 151.
The 4 p er cent first consols are a first mortgage on a large
part o f the system, viz., upon 974 miles of railroad; upon im
portant terminals at N orfolk and Lamberts P oin t; upon the Ohio
R iver Bridge and the Roanoke Machine W ork s; besides being a
consolidated mortgage upon the remainder o f the system, sub
je o t to the undisturbed liens. They are further secured b y the
equipment, certified to have cost over $11,000,000, covered by the car
trusts and equipment bonds be taken up under the plan. See a b
s t r a c t in V. 64, p. 3 7 6 .—(V. 72, p. 137. 438, 532, 723,1080.)
The N. & W .-Pocahontas join t bonds are secured by about 350.000
acres of coal lands owned and held by the Pocahontas Coal & Coke Co.,
whose stock is owned, of which about 50,000 aores have been leased to
companies whose stock is all owned by the United States Steel Corpor
ation, the royalties under suoh leases alone being expected to be suffi
cient to almost meet the fixed charges. They are subject to call at
105, beginning 1906, for a sinking fund o f 2*s cents per ton mined. V.
73, p. 845, 902; V. 74, p. 41, 380,1197. TheN orf. &W est.i s only re
sponsible for any deficiency which m ay be incurred b y the coal oo.
The equipment trusts o f 1902 ($3,500,000) were issued on new
equipment costing $5,000,000. V. 74, p. 681.
G e n e r a l F in a n c es .—The reorganization reduced the fixed charge*
from $3,214,037 to $2,218,450, a reduction o f $995,587, making the
annual charges ahead o f the new com m on stock smaller than those
ahead o f the old preferred stock. Of the traffic in 19o 0-1901 58 per
cent (6,277,133 tons) was bituminous coal and coke.
As to Pocahontas bonds o f 1901, see above. Dividends on the com*mon stock were begun in June, 1901. Y . 72, p. 873.
E a r n i n g s —For 11 months ending May 31:
Gross.
Net.
Int., taxes, &c.
Bat., sur.
1901-2................... $16,177,468 $6,865,154 $2,156,276 $4,708,877
1900-1................... 14,933,730
5,922,321=
2,075,752
3,846,572
A n n u a l R e p o r t .— Fiscal year ends June 3 0 .
Annual meeting is
held at Roanoke, Va., on second Thursday in October. Average rate
per ton mile 0 -4 6 cent in 1 9 0 0 -1 9 0 1 , against 0 4 3 in 1 8 9 9 -0 0 ; average
load o f revenue freight, 4 6 1 tODs, against 4 3 5 . Report fo r 1 9 0 0 -1 9 0 1 ,
Y . 7 3 , p. 4 9 2 , 5 0 2 (see editorial p. 4 7 3 ) showed:
1901.
1900.
1899.
1898.
Tears end. June 3 0 —
$
$
$
$
Passenger earnings.......... 2,046,455 1,857,305 1,608,414 1,467,532
Freight earnings............... 13,214,164 11,753,062 9,749,094 9,306,899
Mail, express, & c.............
524,824
480,638
469,630
461,692
Total gross earnings..15,785,442 14,091,005 11,827,138 11,236,123
Operating exp. & taxes.. 9,445,459 8,501,096 7,939,102 7,886,099
P. o. of exp. to e a r n s ....
(59-84)
(60-33)
(67-12)
(70-18)
Total net earnings... 6,339,983 5,589,909 3,888,036 3,350,024
Total net incom e....... 6,408,600 5,663,471 3,911,400 3,382,987
Interest on funded debt. 2,238,480 2,257,239 2,219,477 2,211,075
Interest on car trusts_
_
D ,2 3 8
16,400
22,137
28,358
Dividends on p ref........ (4%)909,924 (4)909,748 (4)909,588 (2)454,198
Dividends on com ........(1% )644,692
......................................................
M iscellaneous..................
1,051
1,520
7,444
4,605
B etter ^ ent fu n d .............. 1,500,000 1,500,000
.................................
Flood iu n d .........................
250,000
.....
.................................
Discount, etc....................
31,185
470,266
B alance......................sr.$822,030 sr.$507,938 sr.752,654 sr.684,751
O f f ic e r s .—President, F. J. Kimball; Chairman o f the Board o f Di
rectors, Henry Fink,27 William St., N. Y .; Sec., A. J. Hemphill. Gen
eral office, Arcade Bldg., Market & 15th streets, Philadelphia, Pa.
May 1, 1931
Apr. 1, 1932
Feb. 1, 1934
Nov. 1, 1989
Oct. 1, 1996
Dec. 1, 1941
Jan. 1, 1922
Q’ly to Jan.’03
Q’ly to O ct.’02
Sept 1, ’ 05-11
Aug. 1 ,’02, 3 ^
May 26,’ 02,2%
May 1, 1936
Jan. 1, 1903
Sept. 1, 1905
Nov. 1, 1928
Apr. 1, 1920
July 1, 1928
July 1 ,’ 02, Ha
July 15,’02,4%
Irredeemable.
July 1, 1904
July 1, 1904
Apr. 1, 1925
Jan. 1, 1926
June, 1902,1%
July 1, 1917
Jan. 1, 2000
Stock is $2,000,000. Under supplemental mortgage o f 1898 $400,000 o f the outstanding $1,700,000 1st 5s were made prior liens. Re
maining $1,300,000 general lien bonds bear interest for tw o years
from July 1,1898, at 2 per cent, then 3 per cent for two years; there
after 5 per cent. (V. 67, p. 1208.) In year ending June 30, 1901,
gross, $378,561; net, $54,898. In 1899-0 net, $27,585.—(Y. 69, p. 28.
N o r t h e r n (N e w H a m p s h i r e ) K B . —Owns Concord, N. H., to
W hite River J e t , Vt., 70 m iles; branch to Bristol, N. H., 13 m ; total,
83 miles. Subsidiary lines, Concord & Claremont RR., 71 miles; Pe
terborough & Hillsborough RR., 19 miles. Lease to Boston & Low ell
tor 99 years from Jan. 1, 1890, was assigned to Boston & Maine; rental
was 5 per cent on stock till July 1 ,18 97 , and now 6 per cent, pay
able in gold. Until July, 1 8 9 7 ,1 p. o. extra was paid regularly from
contingent fund. Also in 1894, Jan., 5 p. c. extra was paid; m 1896,
July, 2 p. c. extra; in 1897 5 p. o. extra.—(Y. 65, p. 463).
N o r t h e r n C a l i f o r n i a B y . —See Southern Pacific RR.
N o rth e rn C e n tra l
—Owns Baltimore, Md., to Sunbury, P a'
137 miles, of which 132 miles double track—branch, 9 m iles; leases—
Shamokin Valley & Pottsville RR., 38 miles; Elmira & W illiamsport
R R .,76 m .; operates at cost—Elmira & Lake Ontario RR., 100 m iles;
Lykens Valley RR., 19 m iles; total, 381 miles. Also uses N. Y. L. E &
W. tracks, 7 m., and Phila. & Erie, Sunbury to Williamsport, 40 miles.
O b g a n iz a t io n .—A consolidation of several roads in 1854 Con
trolled by the Pennsylvania R R ., which owns a m ajority o f the stock.
S e c u r it ie s O w n e d —On Jan. 1, 1902, among the assets held were
Balt. & Potom ac stock (par) o f $704,450; Elmira & Lake Ontario stock
(all), $1,500,000; Shamokin Valley & Pottsville stock, $619,650; Union
RR. stock, $1,225,000 (the balance o f $875,000 being held by PhilaWilm. & Balto.), eto. Also the follow ing, m ostly acquired in 1900; Ches.
& Ohio stock $1,500,000; Balt. & Ohio pref. stock, $1,000,000, and
common, $370,400; Norf. & West. pref. stock, $500,000, and com m on,
$1,000,000; Erie & West. Transportation Co. stock, $500,000.
St o c k , E t c .—Authorized issue was increased in Feb., 1900, from $8,000,000 to $12,000,000. Of the stock, the Penn. RR. on Jan. 1, 1902,
owned $6,267,950.
L iab ilities .—Mort. and ground rents on Jan. 1 ,1 9 0 2 , were $112,386.
D ividend s .— > 1888. ’89. ’90. ’91. ’92. ’93. ’94 to 1900. ’01. 1902.
Per cen t. .. S 7
8
7
7
8 8
7 yearly
8
8
E a r n in g s .—5 mos., J 1902...........Gross, $3,480,992; net, $1,010,569
Jan. 1 to May 31. \ 1901........... Gross, 3,283,592; net,
855,569
A nnual R eport .—Fiscal year ends Dec. 31. President’ s report for
1901, given at length in V. 74, p. 4 7 3 ,4 8 3 , showed the fo llo w in g :
Tear end. Dec. 31—
1901.
1900.
1899.
1898.
Gross earnings............$8,266,958 $7,845,412 $7,233,417 $6,664,028
Net earnings............... 2,511,969 2,347,874 1,950,523 1,852,786
Other receipts..............
594,306
632,194
533,109
504,154
Total net in o o m e .... $3,106,275 $2,980,069 $2,483,631 $2,356,940
Rentals, & c...................
464,912
535.619
480,844
480,078
Interest on debt..........
530,187
651,116
775,420
796,574
Dividends..................... (7) 916,980 (7) 684,033 (7)526,267 (7)526,267
Miscellaneous..............
93,157
*495,775
153,291
150,704
Extraordinary........... 1,101,039
613,525
300,000
200,000
Balance, surplus..........................
............
$247,810
$203,317
* Includes $397,926 “ extraordinary expenditures n ot properly
chargeable to capital account.”
- ( V . 74, p. 428, 4 7 3 , 4 8 3 , 7 76 ,10 9 0, 1140, 1197.)
N o r t h e r n B K . o f N e w J e r s e y .—Owns from Bergen, N. J., to
Directors.—Frederick J. Kimball, H enry Fink and Victor Morawetz, New
Bparkin, N. Y. 21 m iles; leases Sparkill to Nyack, 5 miles. Leased
York; S. M. Prevost, Samuel Rea, N. Parker. Shortrldge, W . H. Barnes, Joseph
l. Doran and John P. cre e n , Philadelphia; James McCrea, Pittsburg; W alter
to the Erie RR. from June 1 ,1 8 9 9 , for the term of its corporate exist
H . Taylor, Norfolk, Va.
ence, for interest on bonds, 4 per cent on $1,000,000 stock, payable
—(V. 74, p. 41, 151, 206, 380, 528, 630, 937, 1140, 1197; V. 75, p. 30.)
quarterly, taxes, and all corporate expenses. Of the $1,000,000 new
N o r t h C a r o l i n a K B . —Owns from Gold boro to Charlotte, No. 4 L3 per cent general mortgage bonds, guaranteed by the Erie, #654,Carolina, 221-65 miles; Caroleigh Jet., N. C., to Caroleigh Mills, 1-90 000 are reserved to retire the 6s due July 1,1917, and the remainder
m . ; total, 223-55 m. Leased from Jan. 1,18 96 , to the Sout hern Ry. Co. for improvements aDd betterments or equipment for operation by elec
fo r 99 years at $266,000 (6 ^ p. c. on stock) per year till Deo. 3 1,1 90 1 , tricity of the leased properties. See V. 69, p. 81.—(V. 71, p. 30.)
and $286,000 (equal to 7 p. c. on stock) balance o f lease; also taxes.
N o r t h . B y . C o s t a R i c a . —See V. 71, p.1067, and United Fruit Co.
V. 63, p. 361. Of the stock the State o f North Carolina holds $3,000,000.
N o r t h e r n O h io K a l i w a y . —( See Map Lake E rie < Western.)—
£
—(V. 65, p. 27; V. 66, p. 665).
N o r t h P e n n s y l v a n i a K B . —Owns from Philadelphia, Pa., to Owns road from Akron to Delphos, O., 165 miles; branches, 2 miles
Bethlehem, Pa., 56 miles; branches to Delaware River, &o., 31 miles; Road is leased in perpetuity to L. E. & W. V. 62, p. 826.
St o c k .—Common stock (all owned by L. E. &W.) $3,580,000; pro
second track, 54Lj miles; total track, 220 miles. Ground rents
July 1, 1901, $47,854. Leased for 990 years from May 1 ,18 79 , to ferred non-cum ulative 5 p. c. stock, $650,000; par o f each $100.
Phlla. & Reading RR. at 8 per cent on stock, and lease assumed in
B o nds .— The first mortgage is for $4,000,000 of which $1,500,000
1896 by Phila. & Reading Railway. The $4,500,000 general 7s, due on ly to be issued at not to exceed $15,000 per mile for completed roar
Jan. 1, 1903, will be refunded at maturity by an equal a m ou ntof 50- hereafter constructed or purchased. For year ending Dec. 31, 1900
year 3:ho per cent gold bonds.—V. 73, p. 1160. Current liabilities June gross earnings were $196,765; net, $44,746; taxes, $10,266; int. or
30,1 90 1 , $21 7 ,0 2 4 .-(V. 62, p. 462, 870; V. 73, p. 1160.)
bonds, $125,000.—(V. 66, p. 337).
N o r t h - E a s t P e n n s y l v a n i a B K . —Owns road from Glenside to
N o r t h e r n P a c i f i c R a i l w a y . —(See Maps.)—Operates one of th
|
New H ope, Pa., 26 miles. Controlled by P. & R. Capital stock, $400,~ leading lines to the Paciflo, having its eastern termini at St. Pam
000, of which $318,950 owned by Reading Co., $315,000 being de Minn., and Duluth, Wis. (the head of Lake navigation), and run
posited under its gen. M. of ’ 97; par, $50.
ning thence westerly, traversing the great wheat belt of Minnesot:
N o r t h e r n A l a b a m a B y . —Sheflieldto Parrish, Ala., and branches, and North Dakota, the mining district of Montana and the fannin/
119 miles. In April, 1899, a majority of
stock and bonds pur country of Washington to Tacoma and Seattle, and to Portland, Ore
chased by the Southern Ry. V. 68, p. 824,873. See also V. 69, p. 391. gon, with branches to Winnipeg, eto. The system com prises:
RAILROAD
J u l y , 1902.]
STOCKS
AND
107
BONDS
Bands—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
Par
When
For explanation o f column headings, &o., see notes of
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent.
Whom.
on first page of tables.
Dividend.
RAILROADS.
So.Ohio—1st M., g. ($15,000 p. m.) gu., p.& l.C e.o* 167 1895
....
N o rth ern P a cific R y . —Com. stook, $155,000,000 . . . .
Western RR. Minn. 1st M ., gold, assumed............ 6 0 ^ 1877
St. Paul & N. P. Gen. M., I’d grant, ass’d.Ce.e*<fcr 182 1883
New m ortgages of Northern Pacific R y.—
Prior lien M. $130,000,000 gold, ld.gr.ffle.c*<fcr See X 1896
Gen. lien M. $190,000,000, g., land g r ... F o*<fcr See | 1896
St. P.-DuL D iv pur. money M., $20,0O0,000.G.e* 226 1900
C.B.&Q. col.tr.M .,g. (red.aft.Jan.’06 atl05)Clc<fer . . . . 1901
15 1877
1st M.Minn.&Dul.,Minn,toW,B.Lake,g.ass’ d F P ’
B onds U n d e r l y in g St . P a u l & D uluth D i v . M o rt GAGE.
8t. Paul & Duluth 1st mortgage, assum ed___ c* 167 1881
2d mortgage, assumed. C e................................. c* 167 1887
21 1884
Taylor’s F. & L. Sup., 1st M., s. f. not dr’n.Ce.c*
Duluth S. L. IstM , p. & 1., s. f, not dr’ n .C e ...c '
25 1886
Consolidated m ort., ass’ d, $5,000,000, g.M p .c* 238 1898
f l a r t r m s t S j iT io .ln r iin g intP.T’p ist, -T n n fi, 1001______
’98-’99
Sorth’ n Pac. Ter.Go.—IstM .. gold, red., a tllO .F .c*
1883
northern Railway (Cal.)—See Southern P acific R R .'
__
___
Northern Securi ten—8tock, $400,000,000...............
No. Shore RR.—N. Pae. Coast, gen. M. (now lst),g .c 90-5 1892
New No. Shore g ., $6,000,000, g., s. 1. b eg.’ l 2.c* . . . . 1902
Northwestern Coal Ry.—Is tM ., guar, end., g F .c* . . . . 1893
65 1900
Northwestern UR. o f So. Oar.—1st M., $375,000...
72
....
Norwich < Worcester—Pref. stock, 8 p. e. rental—
&
Bonds (n otM .),in t. gu. under lease, curr’c y ...c * r . . . . 1897
$1,000 $2,500,000
5 g. A. & O. N. Y ., Chase Nat. Bank.
100 155,000,000 See text. Q .-F . New York and Berlin.
M.3J5&N4
1,000
352,000
7
New York.
1,000
8,021,000
do
6 g.
U
500 &o. 98,868,500
500 &o. 56,000,000
8,096,000
1,000
1.000&C 215,153,000
1,000
280,000
1,000
1,000
1,000
1,000
1,000
4
3
4
4
7
Q .-J . N.Y.,J.P.M organ&Bert
g.
do
do
t
g. Q .-F .
New York.
g. J. & D.
do
g.
§
do
g. M. & N.
F.
A.
J.
M.
J.
&
&
&
&
&
A. N.Y., J. P. Morgan & Co.
O.
do
do
J.
do
do
8.
do
do
D.
do
do
Oot. 1, 1945
May 1, ’ 02, Ha
May 1, 1907
Feb. 1, 1923
Jan.
Jan.
Deo.
July
Jan.
1,000
1,000,000
2,000,000
210,000
500,000
1,000,000
287.789
3,741,000
5
5
6
5
4 g.
4ifl & 5
6 g.
Aug.
Oct.
Jan.
Sept.
June
To
J. & J. N.Y.Winsl’w.Lan’r&Co. July
100
1,000
1,000
1,000
1,000
100
1,000
1,498,000
850,000
794,000
285,000
3,000.000
1,200,000
See text.
5 g.
5 g.
5 g4
8
4
See text
J. & J.
M. & N.
M. & N.
A. & O.
Q .-J .
M. & S.
Checks mailed.
San Fran., Co.’ s Office.
N. Y. & San Francisco.
N.Y., Farm ’s L. < T. Co.
ft
B a lt , S. Dep. & Tr. Co
Meoh. Nat. Bk., Wore.
Boston, Co.’ s office.
1,
1,
1,
1,
1,
1997
2047
1996
1921
1907
1, 1931
1, 1917
1, 1914
1, 1916
1, 1968
1909
1. 1933
May 1, ’ 02, 1%
Jan. 1, 1912
May 1, 1942
May 1, 1928
1949
July 1 , ’ 02, 2%
Meh. 1, 1927
1 Coupon bonds F. & A.; registered bonds Q.—F. § Coupon bonds J. & J.; registered bonds Q.-J.
T
t Tterlvn at 4'20 marks per dollar.
1 5,130 miles, including 40 miles not operated; spurs, 261 miles.
(Concluded.)
Leased to others.
Miles.
Main line.
Miles.
To other com panies...............
13
Ashland, Wis., to Portland,
Ore. (incl. 5 m. terminals) .2,171 To Province of M anitoba___ 354
Not operated...........................
39
Brainerd and Staples to St.
Paul..................................... 181
Total ow n ed ...................... 5,395
Other lines................................ 595
Controlled properties.
Seat. & Intern.(V .72,p. 675). 176
Total main lin e.....................2,947
Various branches....................2,042 Wash. & Col. R iv er,............... 163
Minn. & International..........
91
Total owned (operated
directly)...........................4,989 Total system July 1 ,1901... .5,649
8econd tra ck ...........................
61
The Manitoba branches, aggregating 354 miles, were leased for 999
years from May 31, 1901 to the Provincial Governm ent and sub-let by
the latter to the Canadian Northern Ry. at a rental o f $210,000
annually for the first 10 years, then $225,000 for 10 years, then $275,000 fo r 10 years and thereafter $300,000, with the option o f pur
chase at any time for $7,000,000.—V. 73. p. 610. In Jan., 1902, pur
chased branch from Minneapolis to White B ear Lake, Minn , 15 miles,
form erly leased, assuming $280,000 bonds. V. 74, p. 94.
The original Northern Pacific Company was chartered b y Congress
July 6,18 64 ; 450 miles to Bismarck were foreclosed in 1875. I n 1898
leased Washington Central (V. 66, p. 856), and purchased the entire
capital stock and all o f the incom e bonds of the Washington & Colum
bia R iver Ry. See separate statements for these Washington com pa
nies. On July 1,19 00 , the St. Paul & Duluth RR., St. Paul to Duluth,
etc., 238 miles, was merged, its bonded debt being assumed. V. 70, p.
1250; V. 71, p. 648. In 1902, the ouluth Transfer Ry. and Stilwater
(Minn.) Union D epot & Transfer Co. and the Washburn Bayfield &
Iron R iver R y., Washburn Minn., to Bayfield, 35 m., with brandies,
30 miles, w ere purchased. V. 74, p. 9 3 7 ,11 4 0,1 35 6.
H i s t o r t .— This W isconsin com pany on Sept. 1,1896, succeeded to the
railroads, land grant and other property o f the Northern Pacific RR.,
foreclosed in Julv, 1896, and reorganized per p l a n in Y. 62, p. 550.
In the reorganization the $49,000,000 old com mon stook paying as
sessment of 15 per cent received 100 per cent of new common. The
$35,000,000 old preferred paying assessment of 10 per cent received
50 per cent in new common and the same o f new preferred.
St o c k .— The preferred stock was oalled and paid off at par on Jan. 1,
1902, by the issue of $75,Of 0,000 com mon stock at par, the authorized
amount of the latter being increased from $80,000,000 to $155,000,000. V. 73, p. 1062, 1160; V. 74, p. 41.
N o r t h e r n P a c ific R a i l w a y -
In 1901 the Northern Pacific and Great Northern acquired $107,577,200 o f the $111,200,000 stock o f the Chicago Burlington & Quincy
RR. in exchange for their jo in t 20-year 4 per cent gold bonds
secured by the deposit o f the stook in trust, on the basis of $200 in
bonds for each $100 stock. See circular, V. 72. p. 871, 1034, 1135;
application to list, V. 73, p. 294; V. 73, p. 610.
A fund of $3,000,000 to assure dividends on preferred stock till 1902
was set aside in 1898. See V. 67, p. 579, 588.
On Jan. 1,1901, the voting trust was dissolved. See report o f vot
ing trustees, V. 71, p. 1013,1016. Capital expenditure, see V. 73, p.610.
E a r n in g s .— 8 mos.,
) 1901-2.Gross. $28,206,172; net, $14,343,878
July 1 to Feb. 28.
5 1900-l.G ross, 21,636,681; net, 11,067,902
Total net incom e for the 8 months, after deduoting operating
charges, taxes, rentals and improvements, and adding other inoome
(exclusive o f land sales), $12,162,763, against $9,920,041 in 1900-1.
In the year ending June 3 0,1 90 2 , gross, $42,305,911, against $33,960,859 in 1900-01.
A n n u a l R e p o r t .—R eport for 1900-01 in V. 73, p. 610. See also
editorial, p. 586. First report of reorganized com pany, fo r ten months
ending June 30,1897, in full in V. 65, p. 680. See also p. 650.
Ir s. ending June 30. 1900-1.
1899-0.
1898-9.
1897-8.
Aver, miles operat.
5,100
4,714
4,579
4,362
Passenger earnings. $7,247,000 $6,219,996 $5,050,356 $4,853,799
Freight earnings---- 23,481,713 22,140,180 19,485,960 17,432,755
Mail, express, &c---1,832,270
1,661,142
1.512,358
1,393.164
Gross earnings..$32,560,984 $30,021,318 $26,048,674 $23,679,718
Net earnings............. $15,920,840 $15,626,690 $13,699,222 $12,584,347
T axes.........................
$920,352
$850,590
$750,133
$682,800
Rentals, eto..............
134,690
112,852
61,520
A dd’ns and im p’ts .. 2,011,285
3.000,000
2,176,619
811,709
N etoperat’gincom e.$12,854,513 $11,663,247 $10,710,950 $ 1 1 ,089 , 83¥
M iscellaneo’ s income
not lncLland sales.
743,787
685,521
1,001,607
887,190
Bal. fo r interest.......$13,598,300 $12,348,768 $11,712,557 $11,977,034
In te re st.................... $6,395,681 $5,864,950 $6,079,273 $6,079,160
Div. on pref. s to c k ..(4)3,000,000 (4)3,000,000 (4)3,000,000
3,000,000
Div. on com. s to c k ..(4)3,200,000(3)2,400,000 (2)1,600.000
B al.,sur.for year $1,002,619 $1,083,819 $1,033,284 "$27897,874
O f f ic e r s (lu lv 1, 1901).—President, Charles S. Mellon, St. Paul,
Minn.; Vice-President, Dan. S. Lamont, New York; Sec., George H Earl
New York; Treas , C. A. Clark, St. Paul. New York offloe. 49 Wall St.’
D irectors—K. E. Harriman, Wllllmm R ockefeller, Charles Steele, Daniel 8
1-axnont, James Stihman, Kben 8. Thomas, H. M cK. Tw om blv, Deo. F BiNtec."
I n J a n u a ry , 1 9 0 2 ; n e a r ly all o f th e c a p it a l s t o c k h a d b e e n a c q u ir e d
D. W illis James, J. S. K ennedy, Samuel Spencer and Bravtoii Ives, New Y^rrk
b y th e N orth ern S e c u ritie s C o. (w h ic h see b e lo w ) th r o u g h e x c h a n g e o f
and Charles 8. Mellen. Ht, Paul; Samuel Rea. PhiladelDfiS.
$ 1 1 5 in S e cu ritie s Co. s t o c k fo r e a c h $ 1 0 0 N o r th e rn P a c ific sh are. V .
- ( V . 74 p 937, 114 0,1 2 52 , 1356; V. 75, p. 30.)
72, p. 1 0 8 1 ; V. 7 3 , p. 1 3 8 ,1 8 5 , 1 0 1 1 ,1 0 6 2 , 1 1 6 1 ,1 3 5 7 ; Y . 7 4 , p. 68 1.
N o r t h e r n P a c i f i c T e r m i n a l C o m p a n y , o f O r e jg o n .-O w n s
D ividends <p. o . ) )1 8 9 8
1899
1900
1901
1902
terminals
On c o m m o n ................................. e0
2
4.
4 I n c l.M a y ^ J g on the Willamette River, Ore., at Portland, East Portland and
Albina, comprising lands 270 aores, trackage 32 miles, dock frontage
O n p r e fe r r e d ..........................)
5
4
4 (Q .-M .)!
4
.............
In 1902, Feb., 1 p. c.; May, 1 ^ p. c.—V. 74, p. 937.
7,904 feet. Station at Portland, Ore., opened 1896.—V. 69, p. 230,441.
L ease .—Leased for fifty years from Jan. 1,1883, join tly and severally
to Northern Paoifio, Oregon Ry. & Navigation and Oregon & California
with guaranteed rental to pay interest, sinking fund and taxes; leases
assumed in 1899 by new Nor. Pao. and Or. RR. & Nav.—V. 69, p. 230.
S t o c k .— Stook ($3,000,000) owned by sa id three companies (40 p.c.)
by Oregon Ry. & Nav. Co., 40 per cent by No. Paoifio and 20 per oent by
Oregon & Cal. RR.), and held by Central Trust Co. of New York, to be
delivered after payments to the sink, fund, which Is to oaneel the bonds.
B o n d s .—The first mortgage is for $5,000,000; in 1 9 0 2 $4,097,000 had Ixeoxi Issued, of which $379,000 retired by sinking fund, draw
ings at 110 and in tcre s t.-(V . 74, p. 152; V. 75, pi 135.)
B o n d s .— A b s t r a e t * o f th e n e w P r io r L ie n a n d G e n e r a l L ie n m o r t
g a g e s o f 1 8 96 w ere in V .0 3 , p. 1 0 1 2 -1 0 1 9 , an d th e s ta te m e n t t o N e w
Y ork S tock E x c h a n g e , w a s In V. 6 3 , p. 1 0 7 2 , s h o w in g :
P r w r lien 4';-b» p u r c h a s a b le w ith la n d sa les a t n o t e x
c e e d in '' 110. b u t are n o t s u b je c t t o c a ll, n o t o v e r
$ 5 0 0 ,0 0 0 cash y e a r ly t o b e s o a p p lie d . T o ta l is s u e ........ $ 1 3 0 ,0 0 0 ,0 0 0
I s s u e d ......................................................................................... ................
t)%868,sao
R e s e rv e d to re tire St. Paul < N. P . an d W est. R R . b o n d s ,.
fc
8373,000
F or n ew c o n s t r u c t io n , b e tte r m e n ts ,e q u ip m e n t, e t o ., u n d er
c a r e fu lly g u a rd e d p r o v is io n s , b u t not, e x c e e d in g $ 1 ,5 0 0 ,0 0 0 p er an n um . u r ig in a lly $ 2 5 ,0 0 0 ,0 0 0 —still h e ld ........
30,476.000
(ifn e r a l Hen M. (F a r m e r s’ L oan & T r u s t C o., t r u s t e e )___ $ 1 9 0 ,0 0 0 ,0 0 0
N o r t h e r n S e c u r i t i e s O o . — I n c o r p o r a te d on N o v . 13, 1 9 0 1 , a n d
O f w h ich re se rv e d fo r p r io r lien b o n d s .....................................
1303 x 30,000
Issued to c a r r y o u t r e o r g a n iz a tio n .................................... ...........
3 6 ,000,000 h o ld s a la r g e in te r e st In th e N orth ern P a o ifio a n d G reat. N orth ern
T h e M o rg a n H ill in te re sts, c o n t r o llin g th o se ro a d s an d the
F or n ew c o n s tr u c tio n , b e tte rm e n ts , e q u ip m e n t, e t o ............
4 ,000,00a s to ck s .
C h ic a g o B u rlin g to n < Q u in c y , and th e ila r r in m n -K u lm , L o o b (U n ion
fe
T h e HI. P a u l -f; D u lu th M v iM o n m o r tg a g e se c u re s $ 2 0 ,0 0 0 ,0 0 0 p u r P a d Ho) in te r e sts, a r c r e p re s e n te d In the d ir e c to r y . Hee V. 73 ,n i o n
ch a se m on ey b o n d s on the fo r m e r fit. P a u l Ik D u lu th , o f w h ich $ 9 ,2 1 5 ,10 0 2 , a n d P residen t m i l ’ s sta te m e n t, V. 7 3 . 1357. O p p o s itio n to nian
0 0 0 w ere issued to a c q u ir e th e ro a d , $5,283,<KK) a re r e s e r v e d to rotlro
b y W e s te rn Htutes, V 7 5 , p 135. L ist o f su its, V, 7 4 , p. 9 3 7 , 1)88
e x is t in g Ht. P. < . ft. b o n d s and th e b a la n c e fo r im p r o v e m e n ts to the
V
B lock a u th o r iz e d , $ 100,000,000; p a r o f sh a res, $ 10 0 . I fo ld e r s o f
p ro p e rty , -v . 7 0 , p, 12 50 ; V. 7 1 , p. 1167, T h e la n d s in clu d e d Itt the su b s ta n tia lly all th e N orth ern 1'aolrio s t o c k am i o v e r $ 9 0 ,0 0 0 ,0 0 0 g ra n t o f the, fo rm e r St. Paul & D uluth a re e stim a te d to tie w orth
O r e a t N o rth e rn s to o k h a v e a g r e e d to e x c h a n g e th eir $ 1 0 o sh a res fo r
about, $ 4 ,0 0 0 ,0 0 0 , and w ere n o t c o v e r e d b y th e old m o r tg a g e s. T h e y
$1 15 and $ i HO, r e s p e c tiv e ly , In N orth ern H eou ritie On. s t o o k ; to r o
are to be sold arid p r o c e e d s a p p lie d to p u rc h a s e o f th e b o n d s a t n ot
ll re th e en tire sto ck s o f b o th c o m p a n ie s w o u ld re q u ire $ 4 0 8 ,2 5 0 000
o v e r 105 an d in te re st, or if n o t p u r c h a s a b le a t th a t p r ic e , then to b eto f S e c u ritie s Oo. s to c k .
tarm an t*, im p rov em en t.* o r a d d itio n s to th e m o r tg a g e d p rem ises o r
D i v id e n d s . - D iv id e n d s , 1 p. 0., p a id F e b . I, 1902; M ay 1, 1 p. o.
eq u ip m en t th erefor. T o J u ly , 1 0 0 1 , $ 7 7 0 ,0 0 0 had b e e n th u s p u rch a sed
OFFICERS. P r e sid e n t, J a m e s J, Hilt; V ice -P r e sid e n t, J o h n B. K e n
and c a n c e le d . V. 71 , {>. ! 107; V. 7 2 . p, 3 3 9 .
n ed y; H eeom l V ic e P r e sid e n t, G e o r g e F. Baker; T hird V ico P r e sid e n t
f/tS t ) fin '.NT. T h e la n d g r a n t w as 1 2 ,8 0 0 a c r e s to th e m ile in the
D. Willis James; Fourth V ico P resid en t, W . I’ . C lou g h ; B oorntitry anif
States o f M in n esota a n d O reg on and 2 5 ,6 0 0 a cre s p er rnlie in the (th en )
In term edia te territories. T h e a c r e s o n J u n e 3 0 , i.9 0 i, n o t yet, sold w ere; T r e a s u r e r , K. T. Nichols; G e n e r a l Outlined,|W. P. C lou g h .
Olreotnrst. J>, Willis James, “ swiubI ®8r>rne. JttWOs .1. Hill, 10. T. Nichols
M in n e s o ta ........................
2 3 0 ,7 7 9 W a s h in g to n ...................... 5 ,0 7 7 ,3 4 1
pe<>rim F. linker, 1tuber i ll.uiiii, (Icterus W. I’crfelttn, i > the! j l.nmOHt 10 j j ‘
![
North Dakota...............
45,012 O reg on . ................... ........
2 0 8 ,2 0 9
llarrifrtsn. Jaeot) i r. -main. .Iininm HUMumtt, W, P. UIoukIi, CJforun < (Hark'
M o n t a n a .................. ......... 1 8 ,0 4 ! .740
John 8. Keumtily um1 N. Trrhune,
Id a h o ........................ ..
1 ,0 4 0 .4 0 1 ,
_ „flL H s o
T o ta l w eH tH f M o. U lv .2 0 ,2 5 5 ,5 0 8
(V. 7 4 , p. 03 0. 6H l, 77 0. H 8t, 9 3 7 , 9 8 8 ; V . 75, p, I 35.)
Lan d sales in y e a r 1 900-01 a g g re g a te d 2 ,7 5 7 .4 13 a res; n et a m o u n t
N o r t h S h o r n IK I t . ( N a r r o w < »« t i g e ) —O w n s Ban i<*rano)noo to
receiv ed from sa les and land c o n t r a c t s , $ 1 ,0 2O,5 H2 .
ro 8 7
;
c
to
fa
and
ill V a lle , 4 m iles'
ffg s g H A j, 1 1v a -ir r -i -The fixed an n ual c h a rg e s o f th e p r o p e r t y as I C a s a d e to , Hanh id e senb r a,n3 h e s iles;Ban R a o pelr a te d , M 4 m iles, yiVieluduiK
lea ses
Q u tin
m
tidal
e
0
hen c o n s titu te d w ere r e d u c e d $ 4 ,7 7 0 ,2 0 0 b y r e o rg a n iz a tio n o f 1H9 C.
fe r ry to Ban F ra n elson, 0 m iles. O f the r o a d , BaunoUfco to M ill V a lle y ’
O P
T H E
NORTHERN PACIFIC RAILWAY
108
M A P
( E A S T E R N S E C T IO N )
E N T I R E S Y S T E M 5 , 3 7 1 M IL E S
INVESTORS’ SUPPLEMENT.
JU LY,
Craik
Crowfoot
Saskatchewan
Do Win ton
IJiuer
Bant
CN
A
1 0 .]
92
.trow head
^ ^ R E G IN A
Swift Current
Posqua
Nan ton
Colley
Kaslo C
Kootenai
a Lake
ptenai
McLood
Xotlibridge
Estevan
'Trail J .7.
Rowland
" 7 * V" —\LKrr
)
JpiiO,
fJ
Colville
V
S I#
Beltoi
Glasgow'
Marias
lummit
R A IL R O A D
!v\j^Uda
Coutts
Missouri
Big Sandy
Piegan 6
COULEE
g * y ®5B
t
Choteauv
’t.Benti
Collins
Missouri
Steel
[s Cascade
Rosaliaf|
Sand Coulee
Oakdale?
■ Cr^0ziV a]°«s.
a
south
.H^Se^SoiraS
&
i
«*TAK!Ma
° Lewiston
^ White Sulphur
omero
^Springs
\
Flatwillow
Sahara
Musselshellg/^. •
> 4 # ? dayton
J u F o n a lu lu
W a it e s b u r g
y z ^ tix
~A^
A
t o Dudley
.
a
AND
^ nLeadboro Me
— a.
PLEASANT VIEW
'SAJaim*
Ft. Magi uni
Monarch
Barker
uNeiharts
Hjr, BELw 5nt
STOCKS
great Falls
.
*4$
f ig *
allatli
Elgin
Enterprise
t Grange0
Union
/
s il e si
S alm on
iO E ^e Jfphlcorv
KO
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A ^ ’m iffran t. M e r n t W J
/^^aiievs
•
n^phink
_
Rr
pun ^ cin nab^ R ___ 2 .t
A
[ f “ S^arramot/J Hot~Spr8.
Sumpter Q
McEwem
v
Sheridan
-W eiser
’
A&neBeJA^^
\L a k e
y o©a(^vi 00^)
Gillette
J
^Malheur
N e w C a s tle
0Idaho City
Rocky Bar
^ ^ B O IS E
Lake
Houston
Ketchum
Hailey
G Kc**1
°$\ r h'*1
i
o
Under Construction
Market.Lake \
Idaho Falls.
M AP OF THE
NORTHERN PACIFIC RAILWAY
Blackfoo'
V .^ < l^ e d b u r y
Silver City
R
.
Clayton0
'Washoe
v
Lend
Moorcrof 11 Jt
Buffalo o
PeKowatoiM
t
Challis
\
Arno
ye W Q w st o n e
Council
Valley
Huntington
BONDS.
O RTLA^J
(WESTERN SECTION)
Soda SprB.
McCammol
ENTIRE SYST E M
5 ,3 7 1
M iles
109
SHORT
110
m YESTORS’ SUPPLEMENT
[Vol. LXXV.
Bonds—Princi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due
Amount
of
of
Par
For explanation of column headings, &c., see notes
When Where Payable, and by Stocks—Last
Rate per
Road. Bonds Value. Outstanding Cent.
W'hom.
on first page of tables.
Payable
Dividend.
Nor. dt St.L.—1st M., $300,000,g. red. 110 in 10 y r s T a
7^
10
Ogden Mine RR.—Stook (5 p.c.rent.Uen. o f N. J .)...
26
Ohio < K y.—1st M., g., s. f ., call at 110.Ce........... o ’
£
80
Ohio < Little Kanawha Ry.—1st M., $250,000, g. K
£
Ohio <. Mississippi—See B a l t . & O h io So u t h w e s t .
P
Ohio Rivet— 1st mortgage ($2,000,000), g old .F P .c* 169
Gen. M .($3,000,000), gold, 1st on 39 m iles.F P.c* 209
33
Rav.Sp. & G len.lstM .,$400,000,g.,gu.,p.& i.FPo*
11
Huntington & Big S. IstM . ($400,000), gold, gu.o*
13
R ipley& M ill Cr. lstM .g .,g u . p .& i.,en d .F P .o*& r
Ohio < West V irgin ia —See H ocking V a l l e y R y .
£
Old Colony—Stock, 7 p. o., guaranteed by rental.c* . . . .
....
Bonds for Framingham & Low ell bonds.............. c
Bonds not m ortgage..................................................r . . . .
....
Bonds, not m ortgage................................................r
Bonds, n ot mort. (authorized $3,000,000), g ...c*r . . . .
Bonds, not mortgage ..........................................c&r . . . .
125
Boston Clin. F. & N. B. m ortga ge.N R ................ c
.......... .c&r . . . .
Bonds, not m ortgage......................
21
Omaha Bridge <. Terminal Ry.—1st M. ($5,000,000)
P
Oregon < Oal.—1st M., g., dr’n at 100 gu. p .& i.L n .c* 667
6
O regon R R . & N aviga tion —Common s to c k .......
....
...
Preferred stock, 4 per cent, non-cum ulative.......
Consol. M. (now 1st) $24,500,000, g old .N ........ c* 1,063
O regon S h ort L in e R R .—Common s to ck ............
Or. Sh.L. ls tM .,p . & i., gold—see V.63, p.602...c* 600
Utah < North’n 1st mort., $12,000 per m ile— c* 477
fe
Con. M., gu., $15,000 p. m., 8. f. not dr’ n ,g.A R c* 477
1901 $500&c.
....
100
1896
1,000
1,000
1900
$100,000
450,000
250,000
228,000
5 g. A. & 0.
5
J. & J. Phila., 608 Chestnut St.
5 g. J. & J. N. Y., 1 Broadway.
5 g- M. & S. N. Y ., Knick. Trust Co.
1886
1887
1890
1892
1888
2,000,000
2,941,000
376,000
303,000
50,000
5
5
6
6
6
1,000
1,000
1,000
1,000
1,000
g.
gg.
g.
g.
....
100
16,758,900
7
1884
1,000
498,000
4ia
1884
1,000
750,000
4
1,C00
1888
4,000,000
4
1894 1,000&C
3,000,000
4 g.
1895 1,000 fee
5,100,000
4
1880
1,000
1,912,000
5
1902
1,000,000
3ia
1893
1,000
1,000,000
5
1,000
1887
19,357,000
5 g.
....
100 24,000,000
....
100
11,000,000 4% in ’02
1896
1,000 21,482,000
4 g100 27,460,100 mostly o
1882
1,000
14,931,000
6 g.
1,000
1878
4,993,000
7
1886
1,000
1,802,000
5 g.
Fairfax and San Rafael,25*a miles, was being electrically equipped and
standard-gauged June, 1902. V. 74, p. 1252. Successor May, 1902, of
North Pacific Coast R R „ purchased by syndicate com posed o f R. R.
Colgate, R. M. Hotaling, William M. Pierson, C. A. Grow, E. J. De
Sabla Jr. and John Martin. V. 74, p. 94,152,327.
feStock authorized, $6,000,000. Of the $6,000,000 5s of 1902 (Mercan
tile Trust Co. o f San Francisco, trustee), the present issue is $3,500,000, o f which latter $1,500,000 were reserved to retire the North Pa
cific Coast 5s at or before maturity, the balance being issuable from
time to time as required for extensions and improvements. V. 74,
p 1252
For year ending June 30,1901, gross, $457,720; net, $123,237; inter
est, $80,356; bal., sur. for year, $42,881. In 1899-0, gross, $423,124;
net, $135,195. President, John Martin, San Francisco— (V. 7 4 ,p. 252.)
N o r t h w e s t e r n C o a l R y . —Allouez Bay, W isconsin, 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 guar
antees the bonds. See official statement, V. 71, p. 698. Capital stock,
$1,000,000. For year ending Deo. 31,1 89 9 , gross, $34,048; net, $10,058; miscel. receipts (rents and dock earnings), $43,982; int. and
taxes, $43,357; balance, surplus for year, $10,683.—(V. 71, p. 698.)
N o r t h w e s t . —See Chicago & North Western.
N o r t h w e s t e r n B R , o f S o u t h C a r o l i n a . —W ilson Mill, S. C .,
via Sumter, to Camden, 61 miles, o f which 8umter to Camden com
pleted 1900; branch, Millard to St. Paul, 4 m.; trackage, 4 m.; total,
69 miles. Stock, $100,000. Dividend 6 per cent, paid Dec., 1900.
Year ending June 30, 1901, gross, $71,548; net, $39,187; other in
come, $2,429; charges, $10,561; dividends, $6,000; bal., sur., $25,055.
N o r w i c h A W o r c e s t e r R R . —Owns from Norwich, Conn., to
W orcester, Mass., 59 miles; branch, Norwich to Groton, 13 miles;
total, 72 miles. Also owns entire capital stock ($500,000) of the Nor
wich & 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. & H. RR. since July 1,1898; rental is 8 per cent on pre
ferred stock.—(V. 69, p. 1194; Y. 70. p. 7 6,1 25 .)
N o r w o o d & S t. L a w r e n c e I t I t . —N orwood to Raym ond ville, N.
Y ., 7*a miles; opened N ov., 1901. Stock, $100,000; par o f shares,
$100. Bonds are subiect to call at 110 Apr. 1,1912. President. Chas.
R. Remington, Watertown, N. Y.; Sec., Francis M. Hugo; Treas., W ar
ren F. Hone.—(V. 74, p. 1090.)
N y p a n o R R . . —Y. 63, p. sag; V . 67, p. 223.
O a k l a n d A B a s t S id e It I t . —Y. 74, p. 577.
O g d e n M i n e R R . —Owns Nolan’ s Point (Lake H opatcong) to
Sparta (or Ogden Mine), N. J., 10 miles. Leased for 999 years from
Jan. 1,1882, to Central RR. o f N. J. for 5 p. c. per annum on capital
stock and $500 yearly for organization expenses.
O g d e n s b u r g A L a k e C h a m p l a i n R y . —See Rutland RR.
O h i o A K e n t u c k y R y . —Owns from Lex. & East. Ry. at Jackson, Ky., to cannelooal fields in Morgan C o.,K y., 26 m. Operated by
Lex. & East. Ry. since late in Oct., 1901. Com. stook, $200,000; pref.
stook, $100,000; bonds as above, $250,000; junior securities to be
taken b y stockholders, $175,000. The bonds are guaranteed b y the
Kentucky B lock Cannel Coal Co. Pres., W. de L. Walbridge, 1 B’ way,
N. Y.; Sec. and Treas., M. Baxter Jr.
O h i o A L i t t l e K a n a w h a R y . —Zanesville, O., to Marietta, etc.,
80 miles. V. 69, p. 907. Acquired by Balt. & Ohio, which has pledged
under its Pittsburg Lake Erie & West Virginia m ortgage $578,500
com m on and $815,000 pref. stock. V.73, p. 1264. Stook, all outstand
ing, common, $1,000,000; preferred, $1,250,000. In year 1900-01,
gross, $178,252; net, $39,691.—(V. 73, p, 1161, 1264.)
O h i o R i v e r A C h a r l e s t o n R y . —In operation from Johnson
City, Tenn., to Caney River, N. C., 338> miles; also graded from John
son City, Tenn., to Gate City, Va., 40 miles, and from Clinchport, Va.,
to Minneapolis, Va., 40 miles. Tbe stockholders voted June 25 to sell
the road to the South & W estern Ry. V. 74, p. 1090. Stook, $600,000;
outstanding, $551,000. No bonds. Y ear ending May 31,1 90 0 , gross,
$19,512; def. under oper., $2,163.—(V. 74, p. 830, 1090.)
O h i o R i v e r R R . —( See B. < O. Map.)—Owns from Benwood to
k
Huntington, West Va., 209 m iles; trackage into Wheeling, 4 m ile s;
leases Huntington & Big Sandy RR., Huntington to Kenova, West Va.,
11 miles; total in earnings, 224 miles; operates R avenswood Spencer
& Glen ville Ry., Ravenswood to Spencer, 33 m.; Ripley & Mill Creek
Valley, 13 m.; total, 270 miles. In July, 1901, purchased by the Balt.
& Ohio RR., which has pledged $5,880,800 of the $5,915,430 capital
stock as part security for its ow n Pitts. L. E. & W. Va. 4s.—V. 73, p. 82.
R epo e t .—R eport for 1900 is in V. 72, p. 985, showing on 224 miles:
Tear Dec. 31:
Gross. Op. ex. < taxes. 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. 9 8 5 ; V. 73, p. 83,237, 287.)
O h i o S o u t h e r n R R . —See D etroit Southern Ry.
O l d C o lo n y R R . ( M a s s .) —Owns road from Boston to Provincetown, Mass., N ewport, R. I., etc., 508 miles; leases, 108 miles.
L e a s e .— In 1893 leased to the New York New Haven & Hartford
fo r 99 years. A bout $5,500,000 of the stock, inoluded in table above,
is held by the lessee. The lease provides for dividends of 7 p. o. per
annum on stock not exchanged. V. 56, p. 247, 374. Stook author
J.
A.
F.
J.
F.
&
&
&
<
fc
&
D. N.Y., Central Tr. Co.
do
do
O.
do
do
A.
J. New York or Phila.
A. Phila., E. W.Clark & Co.
Boston, Offioe.
Q .-J .
do
A. & O.
do
J. & J.
do
J. & J.
do
F. & A.
do
J. & D.
J. & J. Boston, N. E. Trust Co.
J. & J. Treas. office, Boston.
J. & J. Prov. L. & T. Co., Phila.
J. & J. N. Y ., South Pacifio Co.
N. Y. Office, 120 B’way.
J. & J.
do
do
J. & D. New York & Germany.
w nedby Union Pacific.
F. & A. N. Y., 120 Broadway.
do
do
J. & J.
do
do
J. & J.
Apr. 1, 1932
July, ’ 02, 2ia%
July 1, 1926
Mch. 1, 1950
June
Apr.
Aug.
July
Aug.
1,
1,
1,
1,
1,
1936
1937
1920
1922
1908
July 1 ,’ 02, 1%
Apr. 1, 1904
July 1, 1904
Jan. 1, 1938
Feb. 1, 1924
Deo. 1, 1925
Jan. 1, 1910
July 1, 1932
Feb. 1. 1943
July 1, 1927
July 2, ’98,1%
July 1 ,’02, 2%
June 1, 1946
Feb. 1, 1922
July 1, 1908
July 1, 1926
ized, $20,000,000. In Deo.. 1901. issued $150,000 additional stook
for extension to a point near Adamsdale, Mass. In June, 1902, is
sued $1,000,000 o f 3 ig per cent bonds.—(V. 75, p. 78,135.)
O m a h a B r i d g e & T e r m . R y . —See April, 1899, Su p .; V.74, p.206
O m a h a K a n s a s C ity A E a s t e r n R R . —In 1902 sold taC. B. & Q
—(V. 71, p. 492; V. 73, p. 1062.)
O m a h a A S t. L o u i s R R . —On Nov. 1,1901, the Wabash RR. took
over the road after foreclosure. Year 1900-01, gross, $516,656.
O n t a r i o A R a i n y R i v e r R R . —V. 68, p. 1077; V. 69, p. 334.
O r a n g e A N o r t h w e s t e r n R R . —Buna to Orange, Texas, 30
miles. Extensions are proposed, making 385 miles in all. Stock to be
reduced by cancellation to *35,000. In April, 1902, tbe Railroad Com
missioners of Texas approved the issue of $650,000 bonds. President,
L. Miller; Sec. and Treas.. W. W. Reid; Gen. Mgr., C. W. Hole. Office,
Orange, T e x —V. 74, p. 937,1252.
O r e g o n A C a l i f o r n i a R R . —(Nee Map Southern Pac.) -Portland,
Ore., to California State line, 367 m iles; Albany Juno, to Lebanon, 12
miles; Portland to Corvallis, 9 7 miles; W oodburn to Natron, 93 miles;
Portland, Ore., to Airlee, Ore., and branch, 85 miles. T otal,654 miles.
L ease , E tc .—Leased to Southern Paoiflc Co. for 34 years from Auguet
1,1893, the lessee guaranteeing interest on the bonds, and the lessor
receiving any net profit and being charged with any defloit after pay
ment of charges. Betterments are payable by lessor. Southern Paoiflo
owns the bulk of its $19,000,000 stook, $12,000,000 of which is 7 p. c.
pref. V. 72, p. 287. Due So. Pac. Co. June 30, 1901, $4,524,413.
B onds.—Land grant was about 4,000,000 acres, part o f whioh is
covered by the mortgage, proceeds of land sales going to redeem bonds
(suoject to call at par). The Southern Pacifio guaranty of princi
pal and interest is printed on each of the 5 per cents. In 1900-01 net
land sales subject to mort. were $222,076.—See V. 63, p. 754.
E arnings .—Y ear ending June 30,1901, gross. $2,952,401; net, $801,002; interest, taxes, etc., $1,435,117.—(V. 74, p. 1090.)
O r e g o n I m p r o v e m e n t . —See P a c if ic C o ast C o . (Misoell. C o’s).
O r e g o n R a i l r o a d A N a v i g a t i o n .—(Nee Map Union Pac.)—East
Portland, Ore., to Huntington, Ore., 403 m .; Umatilla, Ore., to Spo
kane, Wash., 245 m.; branches 487; leases 2 m.; total, 1,136 m., of
whioh 19 narrow gauge; river division water lines, 353 miles. Ocean
line to San Francisco, 660 miles. V. 63, p. 969; V. 71, p. 391, 603.
O r g a n iza t io n .— Organized in July, 1896, per p l a n in V. 61. p. 325
and V. 62, p. 41, as successor o f the Oregon Ry. & Navigation Co. sold
in foreclosure. Controlled b y Union Pacific Ry., directly and through
ownership o f the Or. Sh. Line, which owns $16,281,400 o f the common
stock.—V. 69, p. 181. Owns $700,000 first 5s (entire issue) of Colum
bia Southern Ry., Biggs, Ore., to Shaniko, 71 miles.—(V. 73, p. 1.563.)
St o c k .—In October, 1899, the U. P. issued its com mon stock to
retire, $ for $, the $7,718,600 Or. RR. & Nav com mon stook not
owned by the Short Line Co. and its preferred stock to retire the $11,000,000 Or. RR. & Nav. pref. stock.—V. 69, p. 492,597. In July, 1901,
all except $59,007 com m on and $24,800 preferred stock was owned
by the Union Pacific system ,—(V. 70, p. 177.)
D iv id e n d s .—On preferred-. 1897, 2 p. c.; 1898 to July, 1902, both
inclusive, 4 p. c. yearly. On common p a id 1% July 2,18 98 .
B o nds .—The consolidated mortgage o f 1896 ( a b s t r a c t V. 63, p.
928; trustee, New York Security < Trust Co.) covers all the property.
fe
Of the $24,500,000 authorized, $575,200 in 1900 were reserved for re
tirement through sinking fund or otherwise o f $409,000 firsts of 1879,
$1,106,000 for betterments, etc., and $2,830,000 for the construction
o f additional road at the rate o f not more than $20,000 per mile of
constructed road. The last o f the 1st 6s o f 1879 were retired by tbe
sinking fund Jan. 1,19 02 . V. 74, p. 206.
R e p o r t .—R eport for 1899-1900 in V. 71, p. 960.
Year end. June 30—
1901.
1900.
1899.
Rail lines......................
$7,542,954
$6,683,115
$6,258,282
W ater lines.................
849,346
839,277
747,697
Gross earnings.................... $8,392,300
Net earnings over ta xes....... $3,688,543
Other incom e...........................Included in
Union P ac.
Total net incom e................. results.—
Fixed oharges.........................See V. 73, p.
Dividends(4%)on pref. stock. 1353, 1364.
67,522,392
*3,522,003
158,245
$7,005,979
$3,148,790
66,115
$3,680,248
$1,069,308
440,000
$3,214,905
$1,094,997
440,000
Balance, surplus for year..
$2,170,940
$1,679,908
- ( V . 71, p. 9 6 0 ; V. 72, p. 45, 184 ; V. 74, p. 206, 380, 830, 884.)
O r e g o n S l io r t L i n e R R . —(Nee Map Un. Pac.)—Granger, Wyo., to
Huntington, Ore., 542 m.; branch to Ketohum, Idaho, 70 m.; Ogden to
McCammon, Idaho, 111 miles; Pocatello to Silver Bow, Montana, 256
m iles; Lelii Junction to Tintic, Utah. 54 m iles; Ogden, Utah, to Frisco.
275 miles; sundry branches, 107 miles, including 6 miles leased (of
whioh 40 miles narrow gauge); Sliver Bow to Butte, Mont., trackage,
8 m.; Butte to Garrison, Mont., 57 m., owned, but operated by North
ern Pacific; total, 1,480 miles.
In April, 1901, purchased the Utah & Pacific Ry., forming a 76 mile
extension, from Milford southwest to the boundary line of Utah at
Uvada, and will extend the branch 440 miles to a point on the South
ern Pacifio between Beaumont and Banning, Cal., forming a direct line
KAILKOAD STOCKS A N D BONDS
J u l y , 1902.J
111
Bonus—Prlncl •
INTEREST OR DIVIDENDS.
Miles Date Size,or
pal.When Due.
Amount
Rate per When Where Payable, and by Stocks—Last
of
of
Par
For explanation of column headings, Ac., see notes
Outstanding Cent.
Road. Bonds Value.
Payable
Whom.
Dividend.
on first page o f tables.
RAILROADS.
O regon S h ort JAne R R .—(Concluded)—
Con. 1st M .,$36,500,000, g. (IstM . on 400m ) „€bc* 1,479 1897 $500Ao. $12,328,000
5 g. J. A J. N. Y ., 120 Broadway. July 1, 1946
1902
1,000
See text. See text F. A A.
New Y ork.
Aug. 1, 1927
Four p.o. and partlo. gold bonds, dm . 102ia.c*<fcr
1897 500 Ao.
7.185.000 5 p. 0. in Sept.’01 N.Y.A Boat.,when earn. July 1, 1946
Income bonds, Series A, 5 p. 0., non-oum .OR.
1897 500 Ac. 14,841,000 4 in 1901
Oct.
do
Series B, $15,000,000, n on -ou m .M o
do
do
July 1, 1946
1902 500 &o.
Oreg. & So. E.—IstM ., $300,000, g., red. 110,s.f.N«>
5 g. A. & O. N. Y., No. Amer. Tr. Co. A pr. 1, 1922
(?)
F.-A .,20 N. Y ., Del. L. A W. RB, M ay 2 0,1 9 0 2
9
1,320,400
50
Oswego < Syracuse- Stock, 9 p. c. guar., D. L. & W. "35
£
M. A 8.
35 1876
7
438.000
do
do
Mch. 1. 1907
1,000
Consolidated m ortgage (guar. D. L. A W .) .F ----M. A N.
35 1883
5
668.000
1,000
Construction M., guar. p. & i. (for $1,000,000).. F
do
do
May, 1923
M. A N. N. Y ., 120 Broadway, Nov. 1, 1931
88 1881
2,000,000
1,000
Owensboro < Nashville—1st m ortgage, g o ld .:. Ce.c*
£
6 g.
A. & O. N. Y., Ch. N. Bk. & Chic. Oot. 1, 1941
70 1901
1,000
Ozark A Cher.Ot -lstM „$ 2 ,0 0 0 ,0 0 0 ,g.red textIC c*
1.400.000
f s40 1902
1,000
S.O.AMo.C A I.R y .—IstM .,$680,000,g.red.SStc*
See text.
4 g. J. A J. New Y ork and St. Louis, July 1, 1942
100
48
See text.
7.000. 000
N. Y .,2 4 State St.
June 5,’ 02, 2
Panam a—Sto ok...............................................................
1,000
48 1897
1st M..$4,000,000, s.f.,g,red. at 105 (text)... Ce.c*
2.526.000
do
do
Oct. 1, 1917
4*2 g. A. A O.
M. A N.
996.000
do
do
1,000
1880
Subsidy bonds.,g., drawnatlOO. SeeV.64,p.705.o*
Nov. 1, 1910
I s - J. A J. N, Y ., 44 Exchange PI. July, 1902,4%
50
Paterson & Hud.Riv.—Stk., 8 p.o. rent. N.Y.L.E. AW. " l 4
630.000
J. A J. N. Y ., 44 E xchange PL July, 1902,4%
298.000
8
Paterson A Ramapo—Stock (rental guarantee).......
F. A A. Tre’s.off., Concord, N.H. Aug., 1902,3%
6
Pemigewasset Valley RR.—Stock (rental guarantee)
541,500
‘T oo
50 204,672,350 6 in 1901 M .AN .j/ Philadelphia, Office. May 31, ’02, 3
P e n n s y lv a n ia R R .—Stock, $251,700,000.X r . ___
See x Phila. Office A London. July 1, 1910
6
19,997,820
General mort. bonds, $1,000 and. £200 each, .e&r 857 1867 $ or £
Q .-M . 15 Philadelphia, Office,
1,000
6
® ,
Currenoy registered b onds................. r 857 1875
1.961.000
June 15,1905
J.A D . 15
1,000
6
2.757.000
do
do
857 1875
si Currency coupon bonds...................... e
June 15,1905
J. A J. Phila. office and London July 1, 1905
6
Sterling bonds........................................ 0 857 1873-4 £200
22,762,020
1,000
S t- ® a Gold registered b on d s.......................... r 857 1879
3.498.000
Philadelphia, Office,
Sept. 1, 1919
5 *• Q .-M .
1,000
1.500.000
do
do
. 2 h 5 . Gold coupon b ond s................................ 0 857 1879
Sept. 1, 1919
5 *• M. A 8.
1,000
g g ® Gold sink, fund, 1 p. 0., not draw n.. 0* 857 1893
2.882.000
4 g. M. A N. N. Y „ Farm’ s L. A T. Co. May 1, 1943
O0
[Sterling (s.f. in l9 0 0 ) n ot drawn.c*<fcr 857 1895
£ 20 0
4.850.000
3 ^ g . J. A J. N.Y., Far.L.A T. & Lon. July 1, 1945
J. A J. Phila.,Pa. Co.for Ins. Ac. July 1, 1921
1,000
1881
4
Bonds (P. W. & B. stock as collateral).................r
7.702.000
1901
5.000
N avy Yard m ortgage (extended in 1 9 0 1 ) .F P ..r
Phila., Co.’ s office.
313 J. A J.
1.000. 000
Jan, 1, 1931
1883
Collateral trust loan, g o ld , n ot draw n.................0*
1.000
41
2g. J. A D. Phila., Provid’tL.AT.Co. June 1, 1913
9.900.000
x On coupon bonds J. & J.; on registered bon ds A. A O.
between Salt Labe and Los Angeles, the Utah Nevada A C alifornia BB.
with $5,000,000 stock, being incorporated to build the extension.
Y. 72, p. 1136; V. 73, p. 1361. In Oot.. 1901, 41 miles from U v a d a to
Calientes was in operation. Branch B lackfoot, Idaho, to Mach ay, 85
m., opened Oct. 1 ,1 9 0 1 . Decision as to right o f w ay, V. 73, p. 237.
H is t o r y .—Successor March 1 6 ,1 8 9 7 , of the Oregon Short Line A
Utah Northern By., foreclosed p er p l a n in Y. 62, p. 504, 505. Con
trolled b y Union Pacific, which holds nearly the entire capital stock
and the greater part o f the Incom e A and B bonds.
Ca p it a l St o c k .— Authorized $27,460,100, o f w hich new Union Pacifio
_____
B y. Co. has acquired $27,444,100. V. 68, p .1 8 8 ,3 8 1 ,474.
B o n d s .— O f the $36,500,000 new first consols, $22,029,000 are re
served to retire at m aturity the loans n ot disturbed
Series A, incom es, non-cumulative 5 per cents, have receiv ed : In
Sept., 1897, 4 p. c.; Sept, yearly since, the full 5 per cent, at Guaranty
Trust Co., N.Y. or Old Colony Trust, Boston. Y. 69, p. 492.
Oregon BE. & Navigation stock, viz., $16,281,400 com m on and
$976,900 preferred, is ow ned and pledged as special security for
the Series B incomes, but dividends thereon are to go to the Short Line
com pany except as needed to pay to Series B their full interest. In
Oct., 1898, 3 per cent and in Oct., 1899 to 1901, inclusive, 4 per cent
yearly was paid on the Series B incomes. Y. 65, p. 572; V. 66, p. 1141.
The Union Pacific owns $6,652,000 of the $7,185,000 Incom e “ A ”
bonds and $14,635,000 of the $15,000,000 “ B” bonds.. Y . 70, p. 176.
In 1900-1901 $78,108,000 Northern Pacific stock was purchased, the
compnny issuing $61,000,000 four per cent certificates o f indebtedness,
all owned by the Union Pacific. V. 73, p. 1361. The com pany also
had outstanding June 3 0 ,1 9 o l, “ $23,202,247 balance of indebtedness
incurred in acquisition of securities o f other com panies and in new
construction.” The whole or a portion o f the stock was exchanged for
Northern Securities Co. stock, on the basis o f $115 o f the latter fo r
$100 of Northern Pacific stock, a part o f the N orthern Securities stock
owned being pledged as stated below.
In 1902 “ 4 per cent and participating 25-5ear gold bonds” (Equit
able Trust Co. o f New Y ork, trustee), w ere issued; they are limited
to the amount o f collateral, viz., North’n Securities Co. stock, pledged
with the trustee. In addition to the fixed interest at the rate of 4 per
cent per annum, the holders are entitled fo r each year, beginning
with 1903, to any cash dividend paid during the year upon the depos
ited collateral in excess o f 4 per cent on the outstanding bonds. The
bonds are subject to call at 1 02 ^ , if drawn b y lot. The amount offered
to the public was $31,000,000. See also Union Pacific B E ., V. 75,
p. 136.
R e p o r t .—R eport fo r 1899-00 m Y. 71, p. 961.
Year ended June 30—
1901.
1900.
1899.
Gross earnings............................. $9,673,279 $8,578,398
$7,577,108
Net earnings over exp. and taxes 5,012,274 4,473,464
3,778,280
Other incom e.................................. Included
282,148
437,649
in U. P. re $4,755,611
Total n et..............................
$4,215,928
sults. See $1,963,883
Interest and sinking fund...
$1,963,883
V. 73, p. (5) 359,250
Paid Sept. 1 on “ A ” incom es.
(5) 359,250
1353,1364. (4) 593,640
(4) 593,640
Paid Oct. on “ B ” incomes.. -.
B a la n c e , s u r p lu s .........................
$ 1 ,8 3 s ,8 3 8
$ 1 ,2 9 9 ,1 5 5
F in a n c ia l O ffice, 1 2 0 B r o a d w a y , N . Y . C ity .— (V . 7 5 , p . 1 3 5 .)
O r e g o n Ac S o u t h e a s t e r n B B . - Y . 7 5 , p . 1 3 5 .
O s w e g o & S y r a c u s e B JE t.—O w n s fr o m O s w e g o , N .Y ., t o S y r a c u s e ,
N. Y ., 35 m iles. L e a s e d in 1 8 6 9 d u rin g le n g t h o f c h a r te r a n d r e n e w a l
th e re o f to th e D e la w a r e L a c k a w a n n a A w e s te r n B a ilr o a d C o m p a n y fo r
9 p e r c e n t p e r y e a r o n $ 1 ,8 2 0 ,4 0 0 s t o c k a n d in te r e s t o n b on d s.
O t i s H y . - O t i s J e t. t o O tis S u m m it, N. Y . , 1 -35 m ile s. S u c c e s s o r
J u n e, 1 8 9 9 , to O tis E le v a t in g B y ., f o r e c lo s e d . V . 6 9 , p . 8 1 . S to c k , $ 6 5 ,00 0. B o n d s , $ 7 1 ,0 0 0 I s t M . 4 0 -y r . 5s, d a te d J u ly 15, 1 8 9 9 , all o u ts t a n d
ing. Y e a r e n d in g J u n e 3 0 , 1 9 0 1 , g r o s s , + 8 ,2 0 7 ; n e t, $ 3 ,9 7 3 ; in t. an d
ta x e s , $ 3 ,9 3 8 ; b a l,, b u t ., $ 3 5 .
P r e s ., O kas. L, B ic k e r s o n , N . Y ; S ec.
a n d T r e a s ., ( h as. A . B e a ch , Oat& bill, N . Y .— (V . 6 9 , p . 81.)
O w e n s b o r o A N a s h v i l l e R y . —O w n s fr o m O w e n s b o r o , K y., to
A d a lr v ille , K v ., 8 4 m ile s ; M u d R iv e r B r a n c h , 4 m ile s. O p e r a te d h y
L o u is v ille A N a s h v ille B a ilr o a d , w h ic h o w n s th e $ 1 ,1 5 6 ,5 1 8 s t o c k (p a r
$ 1 0 0 ) an d $ 1 ,200,000 o f t h e fir s t m o r t g a g e b o n d s — a ll th e s e b o n d s a n d
most o f th e s t o c k b e in g p le d g e d u n d e r its tr u s t d e e d s .
O z a r k A C h e r o k e e C e n t r a l R y . - F a y e t t e v ille t o T a h le q u a h .I .T t.
70 m iles, in o p e r a tio n ; u n d e r c o n s tr u c tio n fr o m T a h le q u a h to M as,
k o g e e , I. T , 3 0 m iles.
T h e S h a w e e O k la h o m a & M issou ri C oal A B y .,
o w n e d b y th e sa m e In te r e sts , a n d to b e u ltim a te ly a b s o r b e d , h as a lin e
a lm o s t c o m p le t e d fr o m M u s k o g e e t o O k m u lg e e , 4 0 m ites; a fu r t h e r
e x te n s io n o f th e sy ste m fr o m M u s k o g e e to S h a w n e e , 61 m ile s , f o r
w h ich a d d itio n a l s e c u r it ie s w ill b e issu ed . Is e x p e c t e d t o b e c o m
p leted b> J u n e 1, 1 9 0 3 , m a k in g a to t a l o f 2 0 1 m ile s. V . 7 5 . p . 7 8 .
S to c k a u th o r iz e d , $ 2 ,0 0 0 ,0 0 0 ; o u ts ta n d in g D e c ., 1 9 0 1 , $ 2 0 0 ,0 0 0 ; p a r,
$100. T h e O zark C o, b o n d s a r e s u b je c t to c a ll a t 10 5 a ft e r 1 9 1 1; th o s e
o f the S h a w n e e C o m p a n y (sec ta b le a b o v e ) a t p a r b e g in n in g J u ly ,
19 07 . T h e e n tir e a m o u n ts o f b o th Issu es a r e e x p e e t e d to he o u ts t a n d
in g s h o r tly . P r e s id e n t, H W . S ea m a n o f C lin to n , la .; Vice.-Pres, and
G en. M gr.. E. K. H u g h e s o f F a y e tte v ille , A r k .; Sec. a n d T r o a s ., A . W,
C o o p e r, C lin to n , l a . - ( V . 7 3 , p . 1 2 6 4 ; V . 7 4 , p. 41; V. 7 5 , p . 78 .)
P a n a m a I t K , —C olon t o P a n a m a a n d La B o c a , 5 0 m ile s , 5 - f o o t
g au ge. T h e P a n a m a C a n a l Co. o w n s a m a jo r it y ($ 6 ,8 5 0 ,0 0 0 ) o f c a p it a l
stock . I n J u n e , 1 9 0 2 , m a d e a n e w tr a ffic a g r e e m e n t fo r t h r e e y e a r s
w ith the P a c ific M a il S te a m sh ip C o. V. 7 4 , p. 1 2 5 2 .
Div id e n d s . ( ’ 85 ’ 86-7 ’ 88 ’ 89 ’ 90 ’ 91 ’ 92 ’ 93 ’ 94-00 ’01 ’02
Since ’ 84 p.ct. ( 1 0
nil. 23 9
5
5
2 2 None Mar.2 June,2
B onds.—The new m ortgage of 1897 is for $4,000,000; sinking fund
is $150,000 yearly and bonds m ay be draw n fo r s. f. at 105; the entire
issue m ay he called fo r paym ent on and after A pril 1,19 03 , at 105.—
V. 65, p. 516. See also description in V. 66, p. 1043.
The subsidy bonds are secured b y an 'assignm ent and pledge
made b y the U. S. o f Colombia to the trustees o f $225,000 annually, of
the annual subsidy or rental tothat exten t payable to said government
by the com pany, and are drawn and paid off on N ovem ber 1 yearly with
any surplus o f the subsidy not needed for interest; $206,000 bonds
now in treasury. See statement as to subsidy bonds in V. 64, p. 705.
A n n u a l B e p o e t .—The report for 1901 in V. 74, p. 827, sh o w e d :
Year
Gross RR,
Net RR.
Net o f
Surplus,
to Dee.31. E arnings. Earnings. Steamships. Charges. Incl. Other Inc.
1901....... $1,365,171 $739,909
$355,490 $835,809
*$259,590
1 9 0 0 ..... 1,270,996
708,934
137,886
802,191
446,769
*The speoial dividend o f 2 p. e., paid Mar., 1901, called fo r $140,000.
The charges above in 1901 in c lu d e : Subsidy paym ent $25,000; in
terest on bonds, $150,960; redem ption o f bonds, $294,240, eto.—(V.
7 4 ,p 95, 8 2 7 ,1 0 9 0 ,1 2 5 2 .)
P a t e r s o n & H u d s o n R i v e r . — Owns from Marion, Jersey City,
N. J. (south o f B ergen Junction), to Paterson, N. 'J., 14 miles, double
track. Leased in perpetuity, at $48,400 per year fo r road, $5,000 for
land in Jersey City and taxes, to E rie R R ., form ing part of m ain line.
P a t e r s o n & R a m a p o R R . —Owns from Paterson, N. J., to New
Y ork State Line, 14 miles, double traok, part o f main line o f Erie RK.,
to which leased Sept., 1852, during legal existence, at $26,500.
P e c o s V a l l e y & N o r t h e a s t e r n R y , —R o a d .—Owns from Pe
cos City, Texas, to Am arillo, Texas, 370 miles. In Dec., 1900, the
Atchison Topeka A Santa Fe acquired over 97 per cent o f the $2,916,000 bonds (50-year gold 5s o f 1948) and 97 per cent of the com m on
and preferred stocks ($3,162,000 each), but the road w ill fie operated
independently for the present. V. 72, p. 88. 137; V. 73. p. 736'.
B e p o e t .—B eport for the year ending June 30, 1900, was in V . 7 1 ,
p. 339. Y ear 1900-01: gross, $452,730; net, overtaxes, $96,063; other
incom e, $2,047; fixed charges, $150,877; deficit, $52,767. See above.
- V . 71, p. 3 3 9 , 964, 1311; V . 72, p. 88, 13 7; V. 73, p. 900.
P e m lg e w a s s e t V a l l e y R R . —Plymouth, N. H., to Lincoln, N. H.,
23 miles. Leased to C oncord < M ontreal fo r 6 p. o. on stock.
fc
P e n n s y l v a n i a R R . —(See M ap).—The system, as shown on the adj oining m ap, extends from New Y ork City, w esterly, via Philadelphia
to Pittsburg, Erie, Cleveland, Toledo, Chicago and Burlington on the
north, and to W ashington, Cincinnati, Louisville and St. Louis on the
south. The total system on Jan. 1 , 1902, aggregated 10,485 miles, o f
which 3,739 miles represent the mileage operated directly under the
caption “ the lines east o f Pittsburg and Erie” and 2,955 miles the
mileage operated directly under the caption “ the lines west o f Pitts
burg and Erie,” the latter being more fully described under the title
Pennsylvania Company and Pittsburg Ciucinnati Chicago & St. Louis.
The balance o f the system is operated independently.
Miles.
E ast o f P ittsb u rg «fc E rie .
Main Line and Branches—
Miles. Other lines (includ. D. & R. Canal,
66 m., and ferries, 2 m
__706
Philadelphia to Columbia, P a .......
81
Philadelphia, Pa., to New B oston,
Total In Penn. R R , statistics,3 , 7 3 9
e t c ..................................................... 210 T r a c k a g e ..............................
84
Harrisburg, Pa., to Pittsburg, Pa. 248
REPORTED SEPARATELY—
Branches and spurs......................... 289 Phil. W ilm . & Baltimore’ . . . ______ 676
T otal main line and bran ches.. r” 828 Northern Central By.II.................... 301
Lines operated by lease or con tra ct— W est Jer. & Seashore liii.T (incl.
ferri es, 2 m . ) .......................... ........
lia r . Ports. Mt. Joy & Lan. RR.H
Diliersville toB arrisb., Pa.,etc.. 63 Cumberland T alley RK .T............... 168
382
Tyrone & Clearfield R y.................. 189 Lon g Islan dT ................................
W estern Pennsylvania R R .!........ 138 Balt. Ches. & A tlantic R y ...................... 88
United New Jersey Rlt. If
Grand total east o f P. & BJ......... .6,422
Trenton to Jersey City, e tc ........ 146
W e s t o< P it t s b u r g : A- E r i e ,
Philadelphia & Trenton RJt.T.......
26
(1 See each Co.)
Miles.
Allegheny Valley K y .!.................. 2ox
R e p o r t e d D ir e c t l y —
West. New Y ork & P e n n !.............. 549 Pitts. Oin. Chicago & St. L o u is !...1,092
Connecting R ailw ay!.......................
36 Pennsylvania Oompimti lin e s !____1,268
Lines operated under contract—
Total reported directly............ 2 , 9 3 5
Bald Eagle «Valley .RIt.11................. log
93
. .. ^ .
Cambria & Clearfield t t lt .f ...........
R e p o r t e d Se p a r a t e l y —
Southw est Pennsylvania R y ,!___ 136
Pittsburg Va. it Charleston Ry.1l.
82 Grand Rapids & Indiana lin eslf.... 683
Bolvldoro Delaware I t lV f...............
81 Terre H au te St Indianapolis!!_________ 603
Philadelphia A Long Branch RR.
49 Other lines (see Pa. Oo.,statement) f>13
Delaware River RK. St B r id g e !....
10
Total system Jan. 1,1002............ 10,484
Philadelphia & Erie R K .!.
306
O r g a n i z a t i o n , L e a s e s , A c . —T h e c h a r t e r o f th e P e n n s y lv a n ia B a llr o a d w a s d a te d A p r il 13, 18 46 . T h e P e n n s y lv a n ia C om p a n y c o n t r o ls
all th e lin e s w e s t o f P ittsb u rg a n d E rie, th e P e n n s y lv a n ia K B O o
h o ld in g all Its s t o c k . In 19 0 0 -1 th e P erm . R R . p u rc h a se d a la r g e In
t e r e s t In th e s t o c k o f B a ltim o r e & O h io B it., C h e sa p e a k e A O h io B y
an d N o r fo lk A W e s te rn B y . V . 7 0 , p, 7 6 , 2 3 1 , 6 8 7 ; V, 7 2 , n 4HI
58 1.
rn 1900 a c q u ir e d m o s t o f th e $ 2 0 ,0 0 0 ,0 0 0 W e s te r n N." y ' A
P en n , By, sto ck a n u ’alHO t h e $ 1 0 ,0 0 0 ,0 0 0 In co m e bon d s.---V . 72 p. 4,'ni
T h e W e s te r n N ew Y o r k A P e n n s y lv a n ia B y . a n d th e A lle g h e n y Y a lle y B y . w e re ta k e n o v e r u n d e r le a s e A u g u s t I , 1900 a d d in g
a b o u t 8 2 9 Julies to th e s y s te m p ro p e r. (V . 7 2 , o. 4.91,) in M a y 19 00
p u rc h a s e d a m a jo r ity o f the L o n g Isla n d B it. sto c k . V. 7 2 r» 481 ’
Bee G e n e r a l F in a n c e s b e lo w .— V. 70, p. 1248; V. 7 0 , p. 8 4 2 , 1095. in
F e b ., 10 0 2 , th e S c h u y lk il l & J u n ia ta , P h ila d el p h ia to N e w B o s to n e tc
w ith b ra n ch e s , a to ta l o f 2 8 9 m ile s, w as m e r g e d .—V . 7 4 , p , 5 7 3 , i o o o ’
Box t
Saginaw
Rf >ld8
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RALEIQI
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J u l y , 1902. |
RAILROAD
STOCKS AN D
I 13
BONDS,
Honda—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
Par
Rate per When Where Payable, and by Stocks—Last
For explanation of eolumn headings, &o., see notes of
Road. Bonds Value. Outstanding Cent. Payable
Whom.
on first page of tables.
Dividend.
RAILROADS.
P en n . R R . -(C o n .)—Gold bonds, red., text, conv.
43
Sunb. Haz. & Wilk., 1st, Ser. A, drawn at 100...c
43
2d mortgage, Income....................................... c&r
56
Sun. & Lewis., 1st M., $600,000, p.& L, g.G uPo*
Equip. Tr. gold bonds (s. f. 5 p.o.) not drawn— c' ....
Penn. Rolling Stock Trust (1-10 payable yearly).
do
do
(1-10 yearly)................
do
do
$300,000 paid yearly.
Penn. Car Trust, $300,000 paid yearly................
do
$ 100,000 paid yearly................
PftTiTi. Kqnlpmfvnt Trust, I jq yearly.____________
do " *
do
.ir.*......”....... ..................
Equipment trust certificates, gold........................
Del. Aye. Market 1st mortgage............................. r
Delaware Ave. Bloodgood property.................... r ....
Penn. RR. real estate purcb. money g. M.FP.c*<fcr
Pennsylvania Company—Stock..................................
Bonds, gold, sec. by pl’ge & guar, by Pa. RR.o*&r ....
Gn.tr. ctfs.,$20,000,000g. gu.Pa.RR.,ser.Ac'<fcr > ....
do
do
do
ser. B,GP.o*4r 5
do I15 dr. y ’rly at par, g , gu. Pa. R R .G P ....
Car trusts (Dec., 1901).............................................. ....
76
Pennsylvania < North Western—Stock, $2,500,000.
&
30
Bell’s Gap 1st m ortgage.G u F ............................c*
ConsoL M. (for $550,000) s. f. not ( I t ’ d G u P . o*
30
46
Clearfield & Jefferson 1st mortgage G u P ........ 0*
76
General mortgage for $2,500,000 G u P ........... 0*
47
Peoria < Bureau Val.—Stk., 8 p. c. rent’l C. R.I.&P
6
Peoria < Eastern—Ind. Bloom. & W. 1st M.,pf .Cec&r 202
&
Ohio Indiana & West. lstM .,p ref.,g .,in t. gu.Ceo* 342
P. < E. consol. M., $10,000,000, int. guar.Ce.c* 342
fe
2d consol, mort., inoome, non-cumuIative..Ce ,c 342
a Including $140,200 bonds held alive in sink. fund.
1902 $500&c. See text.
3^2 g.
6
1878 100 &o. a$ 1 ,000,000
1878 100 <& $1,350,000
6
c.
1896
1,000
500,000
4 g.
1889
1,000
2,728,000
4 g.
4
1892
1,000
200,000
1898
1,000
2 ,100,000
3^ g.
2 ,100,000
1899
1,000
3!eg.
1899
1,000
2,400,000
g.
1900
5,600,000
1,000
3ia g.
1900
1,800,000
1,000
3ia g.
1901
1,000
4.000. 000 3ia g.
1902
1.000
4.000. 000
3ifig.
300,000
1889
5,000
43)0
1892
200,000
1,000
4410
1893
1,000
2 ,000,000
4 g.
50 40,000.000
1881
1,000
19,467,000
4ia g.
1897
1,000
4,950,000
3ia g.
1901
1,000
10 ,000,000
3ia g.
1901
1,000
20,000,000
3ia g.
....
3,328,548 Various
....
2,250,000 4 in 1901
50
1880
1,000
81,000
6
6
1883 500 &c.
145,000
1886 500 &c.
1,000,000
6
1890
1,000
1,021,000
5
....
100
1,500,000
8
4
1879 100 &o.
981,500
1888 500 &o.
500,000
5 g.
1890
1,000
8,500,000
4
4
1890
1,000
4,000,000
P e n n s y l v a n i a R R , C o .—C o n c lu d e d .
S e c u r it ie s O w n e d .— The total cost of these to January 1, 1902, was
$202,994,161,many of which are pledged to secure Pennsylvania issuer.
Revenue derived from these securities in 1901, $7,781,720.
Ca p i t a l St o c k .— Stock authorized, $251,700,000; the amount out
standing has been increased from time to time, chiefly by sale i o
stockholders for new acquisitions, etc. See Gen. Finances below.
Divs. 5 ’ 83 ’ 84 ’ 85 ’86 ’ 87 ’ 88 ’ 89 ’90 ’91 ’92 ’93-99 ’00 ’ 01 ’02
0 . c. ( 8 ^ 7
5 5 5is 5 5 5Uj 6
6 5 y’ly. 6 6 May,3
In 1893 paid also 2 p. c. in scrip. In Nov.. 1900 and 1901, 2*3 p. r.
each and 1 o. c. extra was paid; in May, 1901. 2 ^ p. c.; in May, 1902,
3 p. c., placing the stock on a regular 6 per cent basis.
BOKD&.—Consolidatedmort. of 1873, see S u p p l e m e n t o f Ootober, 1901.
The 4 p er cent loan o f 1881 is secured by Phila. WUm. & Balt, stock.
For gold 3i«s of 1902 see “ General Finanees.” Mortgages and ground
rents payable Jan. 1,1902, $5,355,483.
G u a r a n t e e d B o n d s .— See Su p p l e m e n t of April, 1899.
G e n e r a l F in a n c e s .— In 1901 the authorized capital stock was in
creased by $100,000,000 to $251,700,000; $50,5 00,800 thereof being
■uibscribed for by stockholders at $60 per $50 share, raising the
amount outstanding to $202,200,800. The proceeds were used to pay
off the collateral investment obligations of the company for construc
tion and equipment expenditures and for other purposes. V. 72, p. 392,
533, 627, 1238, 1280.
Stockholders of record March 26,1902, were given the privilege to
May 1 of subscribing to $50,000,000 10-year 3 l per cent gold bonds,
2
dated Nov. 1,1902, convertible at the option of the holder into stock
at $70 per share on May 1,1904, or any subsequent interest day, on
30 days’ notice: they may be called for redemption at 102 ^ and inter
est on any interest day, beginning May l , 1904. The bonds are issued
to pay for 19,000 tlfty-ton steel cars and 260 locomotives, costing $24,1)00.000, and for expenditures on account of the tunnel extension into
New York City during 1902 and 1903, estimated at $20,000,000, and
other corporate purposes. Subscriptions for the bonds are payable 50
per cent at once and remainder Oct. 20 to Nov. 1. See V. 74, p. 577.
In June, 1901, the company for itself and controlled and affiliated
roads obtained control of the Pennsylvania and Cambria Steel com
panies. V. 72, p. 1280; V. 73, p. 843, 957.
In Deo., 1901, the company was preparing 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., Ne w Y oik City,
and thence under the East River to a connection with the Long Island
RR. in Long Island City Completion of th* work, estimated to cost
about $40,000,000, will take several years. The tunnel will af
ford entrance into New York City for the Pennsylvania Railroad and
Long Island RR and enable the sending of through trains by rail direct
from the South and West to all points in New England via the bridge
from Mott Haven to Long Island, which is to be built by the Long
Island Connecting RR. (see V. 71, p. 913; V. 72, p. 1280; V. 73, p.
1264; V. 74, p. 38d, 478, 831. 884, 1308.)
L a t e s t E a r n in g s .—Jan. 1 to May 31, (5 months) directly operated:
Lines east of P itts-) 1902............ .Gross, $43,823,817; net, $14,258,458
burg & Erie,
j 1901............ Gross, 39,968,717; net, 13,000,258
Lines west of P. & E., in c. or <fec.\Gross+$2,649,800; net, +$611,400
Annual R eport .—Fiscal year ends Dec. 31. Annual meeting is held
■at Philadelphia on second Tuesday in March. The report for 1901 was
given at length in Y. 74, p, 525, 531; see also editorial p. 502.
R E PO E T O P PENNSYLVANIA R A ILR O A D COM PANY.
Year e n d in g Dec. 3 1 —
19 01 .
1900.
18 99 .
Miles o p e r a te d ..........................
3,7 39
3,6 5 0
2,7 8 1
Gross earn in g s............................ $ 1 0 1 ,3 2 9 ,7 9 5 $ 8 8 ,5 3 9 ,8 2 8 $ 7 2 ,9 2 2 ,9 8 5
Net e a r n in g s ...................................$ 3 6 ,0 7 0 ,2 5 2 $30,4.40,622 $ 2 2 ,5 7 8 ,3 5 1
lo t . on Pa. R R . in v e s tm e n ts . 7 ,7 8 1 ,7 2 0
5 ,7 8 1 ,2 9 7
4 ,7 3 9 ,5 0 6
Int. on U n ited N. J . se c u ritie s
2 5 5 ,1 7 0
2 5 3 ,8 8 4
2 4 5 ,1 8 8
lo t . fo r use o f e q u ip m e n t........
4 4 4 ,4 8 9
3 9 0 ,7 3 2
3 8 4 ,0 3 4
Interest, g en era l a c c o u n t ........
........
8 7 ,5 3 9
M iscella n eou s..............................
1 0 3 ,5 3 5
6 4 ,3 2 0
7 3 ,928
G ross In co m e ......................... + 4 4 .6 ^ 5 ,1 6 6 $ 3 6 ,9 3 1 ,7 6 6 $ 2 8 ,1 0 7 ,6 3 5
D educt— R e n ta ls...........................$ 1 4 ,6 4 3 ,1 4 4 $ 1 2 ,2 2 4 ,5 2 0 $ 1 0 ,3 1 4 ,1 1 8
In terest o n fu n d e d d e b t .,..-.
4 .2 5 4 ,5 8 5
4 ,2 6 7 ,5 3 9
4 ,2 6 5 ,5 0 5
In terest on sto ck a llo tm e n t.
...........
172,50 3
Int. on m orts. < g r ’ d r e n t s .,.
fe
1 6 2,63 7
14 9,3 6 7
131,55 8
In terest on c a r tr u s ts .............
1 ,5 0 3 ,1 7 3
9 3 9,90 1
6 4 0 ,3 8 7
In terest, g en era l a cco u n t. ..
2 0 0 ,6 7 8
5 6 6 .7 7 9
E q u lp .trn stlo a n sink. fu n d ..
18 6,40 0
1 3 6 ,4 0 0
1 3 6,40 0
8tate ta xes and m ls c e U a n ... _ 1 .5 00,21 9
1 ,1 2 5 .8 6 4
1 ,1 9 7 ,2 2 7
T o ta l...........................................$ 2 2 ,4 6 0 ,8 3 6 $ 1 9 ,0 5 4 ,2 3 6 $1 6 ,6 13,833
B alan ce............. ........................... $ 22, 1 9 4 ,3 3 0
1 7 ,2 7 7 ,5 3 0 $1 1,403,802
Paym ents—T o tru st f u n d ........
$ 1 0 9 ,6 7 3
$1 03 ,3 41
$ 9 1 ,4 3 8
Consol, m ortgage r e d e e m e d ....
4 0 2 ,3 9 0
4 0 2 ,6 9 0
3 5 4 ,4 8 0
E xtraordin ary e x p e n s e s ........... 1 0 .8 2 4 ,5 9 5 _ 6 ,5 4 0 ,7 85
1 .9 95.55 9
$n
$ 2 ,4 4 1 ,4 7 7
$ 7 ,0 4 6 ,8 1 6
Balance to c re d it o f in c o m e .. $ 1 0 ,8 5 7 ,6 7 2 $ 1 0 ,2 8 0 ,7 1 4
$ 9 ,0 5 2 ,3 2 5
D ividends...................................... (6 )1 0 ,8 5 7 ,6 7 2 (0 )8 ,7 8 1 ,1 7 1 (5 )6 ,4 0 5 ,2 6 6
E xtra B etterm en t F u n d ..........
............
1,4 49,54 4
1.50 0 ,0 0 0
T o credit o f p rofit and lo s s .......
...,.
$ 1 ,0 8 7 ,0 5 9
Bal.profit and loss D ec. 3 1 ........ $ 2 2 ,4 8 5 ,3 0 5 $ 2 2 ,4 8 5 ,3 0 5 $ 2 2 ,3 8 0 ,7 3 4
M. & N.
M. & N.
M. & N.
J. & J.
M. & S.
Q -J .
Q -J .
Q.—J.
Q —F.
Q.—F.
Q .-M .
Q .-M .
Q -M .
M. & 8 .
M. & S.
M. & N.
J. & J.
M. & S.
F. & A .
M. & N.
Various
J. & J.
F. & A .
A. & O.
J. & J.
J. & J.
F. & A.
A. & O.
Q.—J.
A. & O.
April 1
Phila., Broad St. Stat’ n.
do
do
N.Y.,Am.Ex.N.Bk.APh.
Phila., Girard Trust Co.
00
do
do
do
do
do
do
do
do
do
Comm’l Trust Co., Phil.
do
do
do
do
Philadelphia.
Philadelphia.
N. Y., Farmers’ L. & Tr.
Pittsburg, Co.’s Office.
N. Y., Nat’ l City Bank.
N.Y.,Union Tr. < Phila.
ft
N. Y., Un. Tr. & Phila
N. Y. and Philadelphia.
Phila., Gu. Tr. Co., etc.
Phila., Gu.Tr. & 8 . D.Co.
Phila., 26 So. 15th St.
Phila., Gu.Tr.A 8 . D. Co.
do
do
do
do
N.Y. ,Ch.R.I. & Pac. RR.
N. Y., J.P. Morgan & Co.
do
do
do
do
4 p.c. paid Apr. 1 , 1902
Nov. 1, 1912
May 1, 1928
May 1, 1938
July 1, 1936
Sept. 1. 1914
1902
1902 to 1908
Nov., 1902-09
Nov., 1902-10
Feb., 1902-10
Dec., 1902-10
June, 1902-’ l l
Dec., 1912
Moh. 1, 1909
Sept. 1, 1912
May 1. 1923
Deo.30,’01,3%
July 1 , 1921
Sept. 1. 1937
Feb. 1 , 1941
Nov. 1, 19^6
Various dates.
Jan. 10, ’02, 2
Aug. 1, 1905
Apr. 1, 1913
Jan. 1, 1927
Jan. 1, 1930
Auer.,1902, 4%
Apr. 1 , 1940
Apr. 1, 1938
Apr. 1, 1940
Apr. 1' 1990
W
ARNINGS ON ALL LINES BOTH EAST AND WEST OP PITTSBURG AND ERIE
Year ending Dec. 31—
1901.
1900.
1899
Gross earnings.................. $198,626,878 $175,236,353 $152,220,106
Net earnings.....................
64,913,492
54,738,077
45,672,655
O f f i c e r s — President, A . .T. Cassatt; 1st Y . P., John P. Green 2d
V. P., Charles E. Pugh; 3d V. P., 8. M. Prevost; 4th V. P „ Samuel
Rea; Secretary, Lewis Neilson; Treas., Robert W. Smith N Y head
quarters, 85 Cedar St.—(V. 73, p 1357; V. 74, p. 42. 152, 268. 327 380
478, 5 2 5 , 5 3 1 , 577, 830, 1090, 1197, 1308, 1356; V. 75, p 135.)
Directors—Alexander M. Fox, N. Parker Sbortridge, William L. Elkins A lex
ander J. Cassatt, Clement A. Griscom, Amos R. Little, William H. Barnes Geo
Wood, C. Stuart Patterson, Effingham B. Morris, Thomas DeW itt Cuvier Jas*
McCrea, Lincoln Godfrey, John P. Green, Charles E. Pugh, Sutherland M ’Pre^
vost, Samuel Rea.
P e n n s y l v a n i a C o m p a n y .—( See Map Pennsylvania RR.)—Owns
no road in fee hut has charge of aJ the system of the Pennsylvania
Railroad Co. west o f Pittsburg, viz.; (If See this company)
Leased by transfer from Pa. RR.:
Controlled by stock, etc.: Miles.
Milas Pitts, Cin. Chic. & St. L.lfl ,347*89
Pittsb. Ft. W. & Chicago.. 11469-89 Cin. & Muskingum V al... fl 148*45
New Castle & Beaver V al.. 1T14-98 Waynesburg & Washing..
28-15
Massillon & Cleveland___
12-23 Cin. Leb. & Nor.................
31*76
Erie & P ittsb u rg ............. 1T84-47 Grand Rapids & Indiana.. 430*21
Cleveland & Pittsburg___1(201-74
Musk , Gr. Rap. &. Ind..
40*68
Leased directly by Pa. Co.:
Traverse City R R ..........
26-00
Pitts. Youngs. & Ashta___1T125-09
Cin. Rich. & Fort Wayne 1T85-60
Toledo Wal. Val. & O hio... H125-40 St. L. Vand. & Terre H_ UT58-30
_
Indianap. & Vincen. RR.*1T133-11 East St. L. & Carondelet.. U13-25
Controlled by stock or otherwise: Terre Haute & Lovansp’t. 159-36
Cleveland & Marietta.......H103-13 Terre Haute & Ind’lis RR. 122-06
Pitts. Ohio Val. & Cin.
15-27 Terre Haute & Peoria RR. 145-12
Roch. Beaver Falls & W ...
•55 Cleve. Akron & Columbus. 196-97
Marginal RR.,Beav.F.,Pa.
2-96 Wheeling Tt rminal R y ....
9-65
RollingM ill R R .,Toledo, O.
•71 Newport & Cincin. B dge..
■73
South Chic. & Southern...
22-24 Louisville Bridge.............
2-45
N.Castle Br. W.N. Y.&Pa.Ry. 37-62
Controlled join tly:
Pitts. Chartiers & Y ough.. UT8-32
Tol. Peoria & Western___U230-70
159-77
Total Penn. Co. lines. ..1,349 39 Trackage.....................
Total o f all lines..........4,704-81
* Operated by P. C. C. & St. L. Ry.
’
Organization —Chartered in Pennsylvania April 7,1870. Its stock
is owned by the Pennsylvania Railroad. On Deo. 31, 1901 the Penn
sylvania Co. owned sundry bonds having a par value of $12,280,000.
and stocks of par value of $137,631,653, valued at $92,377,013, and
yielding from Jan. 1 to Deo. 31, 1901. an income of $3,505,366.
Stock .—Stock, $40,000,000, being increased Dee. 5,1901, from $21.000,000 in return for stocks o f controlled cos. See V. 74,p. 41, 95.
D iv id e n d s .—In 1883, 4 p. c.; then none till 1892, when 4 p. 0. was
paid; in 1893, March, 4 p. c.; in 1894, June, 4 po..; in 1901, Dec., 3 p.c.
B onds.—The gold bonds o f 1921 are seoured by leases of P. Fort W
& C., the Cleve. & Pittsb. and Erie & Pittsb. railroads, and of bonds and
stocks having a par value in 1881 of $24,171,630, as well as real estate
The guaranteed trust certificates, “ A ” and “ B” were issued by Girard
Trust Co., Philadelphia, as trustee, under a deed of trust made by
the Pennsylvania Company and the Pennsylvania RR. Co., whereby
the Pennsylvania Company has pledged $15,000,000 at par o f the 7 per
cent guaranteed special stock of the Pittsburg Ft. Wayne < Chicago
fc
Railway Co. The total authorized issue of the trust certificates is
$20,000,000, each series to be seoured by deposit o f shares o f the
special guaranteed stock to an amount equal to the par value o f the
series. See V. 65, p. 368, 572, 1116; V. 67, p. 1 2 2 ; V. 72, p. 339 490
T h e $ 2 0 ,0 0 0 ,0 0 0 g o ld
p c. tr u s t certs, o f 19 01 w e r e is su e d to
p a y fo r the <-ost o f a cq u is itio n o f s to ck s o f th e Penns v1v a n ia & C a m b ria
S teel co m p a n ies. T h e y are also gu a ra n teed , p r in c ip a l a n d in terest,
b e in g secu red b y d e p o s it o r $ 1 5 ,0 0 0 ,0 0 0 P itts. C inoin . C h ica g o & S t
L o u is p re fe rre d , $ 5 ,0 0 0 ,0 0 0 N o r fo lk & W e s te rn p referred a n d $ 5 ,0 0 0 ,0 0 0 B alt. <fc O h io p r e fe rr e d stock s, and are s u b je c t to c a ll fo r r e d e m p
tio n b y lo t ao p a r in 15 equ al a n n u a l d r a w in g s .— <V. 7 3 . p . 84 3, 9 5 7 .)
R e p o r t .—R e p o r t ror y e a r 1901 w as in V. 74 , P. 5 2 5 , s h o w in g g ross
o n 1,3 96 m iles, $ 2 9 ,0 5 4 ,5 4 4 ; n et, $ 8 ,7 4 2 ,5 0 6 ; o ilie r in co m e , $ 3 ,5 0 5 ,3 8 6 ; in terest, ren tals, etc., $ 8 ,5 6 6 ,6 1 1 ; tr a n sfe r r e d to e x tr a o r d in a r y
e x p e n d , fu n d , $ 1 ,0 0 0 ,0 0 0 ; sink, fu nd, $ 3 6 7 ,3 3 4 ; d iv id e n d (3 p. e.), $ 0 3 0 ,0 0 0 ; bal., hut., $ 1 ,0 8 3 ,9 2 7 . In 1900, g ross, $ 2 5 ,4 0 7 ,5 6 2 ; n et, $7 ,4 0 1 j5 9 9 ; o th e r in co m e , $ 2 ,3 1 6 ,0 0 8 . In y ear 1890, p ro fit, $ 2 3 8 ,2 6 7 ; in
1897, p rofit. $1 0 0 9 ,8 2 1 ; i n ’ 9 8 , p r o fit, $ 6 5 8 ,5 7 5 ; in ’ 99 , 1,1 46,931; in
19 00 , $ 2 ,1 1 9 ,6 0 2 ; In 1901, $ 3 ,6 8 1 , 2 8 0 . - ( V . 73 , p. 3 3 5 , 84 8, 9 5 7 ,1 3 5 7
V . 74 , p. 41, 95 , 4 7 8 , 5 2 6 , 8 8 4 , 937.)
P e n n e y I v a n i a N o w Y o r k A L o n g I s l a n d I t i t . In co r p o r a te d
In N ew Y ork on A p ril 21, 19 02 , In th e in terest o f the P e n n s y lv a n ia
UR. (see sta te m e n t o f th a t c o m p a n y a b o v e ), to c o n s tr u c t an e x te n sio n
fo r th a t system in to N ow Y o rk C ity .— (V. 7 4 , p . 88 4, 130H.)
P e n n s y lv a n ia Ac N o rth W e s t e r n H i t . —O w n s B e ilw o o d , Pa., to
H o ra tio , 62 m ile s; total, in clu d in g h ra n o h e s,7 9 m iles. A con s o lid a tio n
Jan. 1. 1 8 9 0 .o f the B ells G ap and C learfield < Jefferson roads. In M ar
fc
1 9 0 2 ,8 5 p er c e n t o f the s to ck hud been ex ch a n g ed for th a t or th e’
P e n n s y lv a n ia R R . on the basis o f 4 sh ares o f the la tter fo r 9 o f the p
& N . V. 74, p. 152.
D iv id e n d s . > 1 8 9 0 ’91 ’ 92 ’ 9 3 ’ 94 ’ 95 ’ 9 6 to ’ 98 ’ 0 9 1 9 00 ’ 01
'0 2
P ercen t. S 5
5 5 4a 6
2
2
none.
2
4
4 Jan. 2
114
INVESTORS’
SUPPLEMENT,
[V ol. L X X V
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal)When Due.
Amount
of
Par
For explanation of column headings, Ac., see notes of
Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
on first page of tables.
Cent. Payable
Whom.
Dividend.
RAILROADS.
20 1881
Peoria < Pekin Union—1st mortgage, gold___C e .c
6
20 1885
2d mortgage, gold.C e.............................................. c
P e r e M a r q u ette—Common stock, $16,000,000---.... ....
Preferred, 4 per cent, non-cum., $12,000,000—
10 1875
Grand Rapids Newaygo A Lake Sh. 1st M. 2d Div.
Chic. AW est Mioh. gen. M. ($12,000p. m .R N B.c* 480 1881
D.Gr.R. AW ., 1st con.(now 1st) M .,law .m .O B .c* 380 1897
Flint, A PereMarq. M. ($l,OOO,0OOare 4s) golcL.e 280 1880
Consol, mortgage, g .C e ...................................... c* 400 1889
Pt. H. Div. 1st M. ($3,500,000), g., C e .......... o* 235 1889
19 1897
Toledo Division, 1st mort., gold, I B . ........ o*
89 1891
Ch. A N .M i.lst M.,gu.p. Ai.endTby Ch. A W.M.OBC*
....
Western Equipment Co...................................... .
Marquette equip’t 1st M., guar., s. f. call at par. .... 1900
1901
Pere Marquette consol. M., $50,000,000. ..F .c A r
Pere Marq. Transportat’n Co., gold, p. A i. guar. .... 1897
66 1900
Saginaw Tus. A Huron, 1st M., p. A i. gu a r.C o..
28 1899
Gr. Rap. Beld. A Sag., 1st M., gold, intY rental.
st
38*3 1888
Perkiomen^- 1st M., ser. I (1st l’n) g., gu. p. A i. F e P .c ’
1st M., ser. 2 (2d l’n) g., gu. p. A I. (end.) P e P .c * 38*3 1888
....
Peterborough RR.—Stock (rental 4 per c e n t ) .......... —
Petersburg R R —See A t l a n tic C o a st L ine RR.
73 1881
Phil.dkBalt.Cent.—lstM .$ 2,500,000,$1,200,000 4^8
Phila.d Ohes. V.—IstM ., pf.,old 5s, red.’ 96,g. P e P c* .... 1888
1st m., old 4s. not pf., Int. reduc’ in ’ 96, g .P e P c * ___ 1888
....
Phila. d'Erie—Common stook ($10,000,000 author.) 305
....
305
Special stook, 7 per oent...........................................
Gen. M. (now 1st) gold, guar. p. A i. b y Pa. RR..C 305 1869
do
do
($5,263,000 are 5s)....................... r 305 1869
Phila. dt Frankford—1st M., $500,000,g u .G u P .e * .... 1892
....
30
Phila. Germ. < Norrist’n—Stock rental., P. A R. Ry.
&
47 1890
Phila. Harrisburg & Pittsburg—1st m ort., gold.o*&r
22 1892
Phil.Newl’n d N .T .—1st M .,gold (see text) — ...c *
P h ila d elp h ia & H ea d in g B y .—See R eading C OMP A NY.
27
—
Phila. J Trenton—Stock 10 p. c. rental, Penn R R ..
k
$1,000
1,000
100
100
500 Ac.
1,000
500 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
lOOOAo.
1,000
1,000
1,000
100 Ac.
1,000
100
1,000
500
500
50
50
1,000
1 ,0 0 0
1 ,0 0 0
50
1 ,0 0 0
1,000
100
Earnings.—For year ending Dec. 31, 1901, gross, $637,627; net
$274,500; other incom e, $2,467; int., taxes, etc., $144,086; dividends,
$90,000; hal., b u t .. $42,881. Year ’00, gross, $701,577; net, $277,478.
—(V. 59, p. 1008; Y. 74, p. 152, 428.)
P e o r i a & B u r e a u V a l l e y B B . —Peoria to Bureau June., H I.,
47 miles. Leased in 1854 to Chicago Bock Island & Pacific RR. for
$125,000 yearly; dividends, usually 8 p c. yearly, occasionally more.
P e o r i a D e c a t u r & E v a n s v i l l e B y . —See Illinois Central.—(V.
71, p. 1221; V. 73, p. 957.)
P e o r i a & E a s t e r n B y . — (See Map Olev. Oin. Ohic. < St. L ouis.)—
6
Owns from Pekin, 111., to Indianapolis, Ind., 202 miles, and has a lien
o f $5,000,000 on Springfield Division, Indianapolis to Springfield,
Ohio, 141 miles; trackage, Pekin to Peoria, 9; total operated. 352 miles
Lease, Etc.—Form erly Ohio Indiana A Western, sold in foreclosure
in 1890, reorganized per Y. 49, p. 616. Leased till Apr. 1 ,19 40 , to
Cleveland Cincinnati Ch. & St. L., which 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 o f Jan.,
1894. as to provisions respecting any surplus over charges. Company
owns $125,000 stock o f the Peo. & Pekin Union Ry., on which 6 p. o.
yearly was paid 1895-1901, $125,000 additional form erly held being
sold in Jan., 1902. V. 74, p. 152.
B o n d s .—See abstracts of mortgages o f 1890 in V. 51, p. 246 and
Of O. Ind. A Western mortgage, V. 47, p. 201.
P ayment on I ncomes.—First dividend, 4 per cent, on incomes was
paid April 1,1902, from the earnings o f the year ending Dec. 3 1,1 90 1 .
V. 74, p. 428.
E abntngs . —11 months, > 1901-2___Gross, $2,313,807; net, $608,086
July 1 to May 31.
$ 1 9 0 0 -1 ....Gross, 2,266,510; net, 773,751
Sur. over 11 mos. charges, $237,515 in 1902, agst. $402,501 in 1901.
A nnual R eport.—F or 1900-01 see lessee’ s report in Y. 73, p, 500.
Tear end. June 30. Gross.
Net.
Interest, etc.
Balance.
1900-1..................... $2,488,303
$821,950
$404,075
$417,875
1 89 9-0.................... 2,356,416
765,656
420,000
345,656
- ( V . 72, p. 339, 581; V. 73, p. 4 4 1 , 554; V. 74, p. 152, 428.)
E e o r i a & P e k i n T e r m i n a l B y . —See Street R ailway Supp’ t .
Operates a steam terminal road used by the various trunk lines en
tering Peoria and Pekin, 111.; also an eleotric street railway. Owns
union stations in both Peoria and Pekin.
P e o r i a & P e k i n U n i o n B y . —Owns Pekin to Peoria, on both
sides of Illinois River, and yards at and opposite Peoria. Mileage main
track, 18 T4; second main track, 8-80; total main track, 26-94 miles.
Mileage o f side and yard tracks, 53*71. Capital stock, $1,000,000.
Owned by Peoria & Eastern (Cleveland Cin. Ohio. & St. Louis system)
Cliloago & Northwestern,J Chio. Peoria & St. Louis, Illinois Central
system, Lake Erie & Western and Toledo Peoria & Western companies.
Dividends 1895-1901, 6 p. o. per annum. Earnings fo r year 1900-01,
gross, $729,181; net over taxes, $319,270 ; charges, $230,182; divi
dends, $60,000; balance, sur., $29,088. (V. 70, p, 584,; V. 74, p. 152.)
P e o r i a & S p r i n g f i e l d B y . —In Jan., 1902, partially constructed
frpm Springfield to Peoria, 111., about 55 miles. Incorporated in May,
1901, to take over the Peoria & St. Louis Ry. and com plete the road.
Stock authorized $2,000,000. There were outstanding at last accounts
$50,000 Peoria & St. Louis gold 5s, due Aug. 1, 1936, the Aug. 1, 1901,
coupons being paid by Cummihgs & Co , 20 Broad St., N. Y. V. 72, p.
937; V. 73, p. 1357. A m ortgage for $1,500,000 has been authorized
bv the new com pany, a portion of the 5 p. c. gold bonds due 1951, int.
being offered in Deo., 1901. An issue o f collateral gold certifi
cates, it is stated, will be made on com pletion of road. V. 73, p. 1357.
P e r e M a r q u e t t e B B . — (See M a p .)—A network of lines lying
c h ie f ly in Michigan, the eastern termini being at Toledo, O ., Detroit,
Mich, and Port Huron, Mioh. (connecting there with the Grand
Trunk Ry.), and the western termini at La Crosse. Ind. [through parlor
oars also running to Chicago, 111.], and at Grand Haven, Ludington,
Muskegon, Manistee in Michigan, on Lake Michigan.
Lines owned in fee.
Miles.
Miles.
Trackage, etc............................ 276
A lexis (near Toledo) to Lud
ington on Lake M ichigan.. 268 Leased (G. R. Kal. & S. E.)—
Rapid City to Stratford___ 33
La Crosse, Ind. to Bay View,
Mich........................................ 380 HSaginaw Tuscola & H uron—
Detroit to G’nd Rapids, Mich. 152
Saginaw to Bad A x e ......... tf66
Port Huron to Howard City.. 172
Pt. H uron to Grindstone City. I l l Total (inch 34 m. 3-ft. gauge).1,838
Grand Rapids to Big Ledge..
94 Sidings....................................... 562
Allegan to P en tw ater............ 102
1 See this com pany,
1
Other lines, branches, e t c . . . . 434
Also owns car ferries Milwaukee to Muskegon, and Ludington and
Manistee to Milwaukee, eto., form ing part o f a short line from St. Paul
to tidewater, opened Jan., 1897, and four steamers valued at $443,564.
O r g a n iz a t io n .—Incorporated Nov. 1, 1899, as a consolidation of
Chicago A West Michigan R y., Detroit Grand Rapids & W estern RR.
and Flint & Pere Marquette RR., per plan in V. 68, p. 1024,1181. The
Saginaw Tuscola A Huron RR. is leased.—V. 70, p. 895.
St o c k .—Authorized $16,000,000 eommon and $12,000,000 4 p. c.
non-cum. pref.; consent o f a m ajority o f each is necessary to increase
$1,495,000
6 g. Q .-F . N. Y., Central Trust Co.
1,499,000
do
do
4*2g. M. A N.
14,145,500
10,512,200 See text. F. A A. N. Y.R.W inthrop A Bos.
19,000
7
J. A D. N. Y., Un. Tr. A Boston.
5,758,000
5
J. A D.
do
do
4
5,379,168
A. & O. 2d Nat. Bank, Boston.
5,000,000 4 g.A6 g. A. A O. N.Y., R.Winthrop & Co.
2,850,000
do
do
5 g. M. A N.
3,500,000
do
do
5 g. A. A O.
400,000
5 g. J. A J. In tem ’l Tr.Co., Boston.
1,667,000
5
M. A N. Bos., Nat. Webster Bk.
6
105,000
A. A O.
Boston.
924,000
5
A. A O.
do
2,500,000
4 g. J. A J. N. Y., R. Winthrop&Co.
100,000
do
do
6 g. J. A J.
1,000,000
4 g. F. A A. N. Y ., Cont’l Trust Co.
260,000
5 g- M. A 8. Int’l Trust Co., Boston.
799,600
Q.—J. Phila, Reading Ter.Bld.
5 g.
1,125,000
do
do
5 g.
Q .-J .
385,000
4
A. A O.
Nashua, N. H.
Feb. 15,’02,2%
June 1, 1905
Deo. 1, 1921
Apr. 1, 1946
Oct. 1, 1920
May 1, 1939
Apr. 1, 1939
July 1, 1937
May 1, 1931
Apr. 1, 1909
Oct. 1, 1910
Jan. 1, 1951
$20,000 y ’rly
Aug. 1, 1931
Mch. 1, 1924
Jan. 1, 1918
Jan. 1, 1918
A pr., 1902, 2%
2,200,000 413 A 5 M. A N.
280,510
4 g. A. A O.
100,000
3 g. A. A O.
...
7,985,000 See text
2,400,000 7 in 1901 Yearly.
8,680,000
6 g. J. A J.
11,143,000 4 g .A 5 g . A. A O.
500,000
4 g- F. A A.
12
Q .-M .
2,246,900
2 ,0 0 0 ,0 0 0
5 g. A A 015
1,417,000 See text. A. A O.
Nov. 1, 1911
Apr. 1, 1938
Apr. 1, 1938
July 10,’ 02,2%
Deo.31,’ 01,7%
July 1, 1920
July 1, 1920
Aug. 1, 1922
June 4 ,’ 02,3%
Oct. 15, 1925
Oct. 1, 1942
See text.
10
Q .-J .
Phila., Penn. RR. Co.
Philadelphia.
do
do
Phila., Broad St. Stat’n.
Phila., Broad St. Stat’n.
do
and London.
Phila.. Broad St. Stat’n.
Phila., Comp’y’ s office.
Phila., 132 So. 3d St.
Phila., Comp’y ’ s office,
do
do
Feb. 1, 1921
Feb. 1, 1921
Phila., Company’s Office July. ’02. 2h5%
Dividend.—First div. on pref., 4 p. c., paid Feb. 11.1901, out of
profits o f year 1900; Aug. 1901, 2 p. c ; in 1902, Feb., 2 p. c.
Bonds—The consol. 4s o f 1901 (total issue $50,000,000) are limited
to $20,000 per mile o f com pleted single track line, including underly
ing bonds, or $25,000 per mile double-track. Of the bonds, $26,656,000 were reserved to retire the same amount of old bonds. V. 72, p.
675. Of the Marquette Equipment bonds one-tenth will be retired
yearly by the sinking fund at par, and the entire issue m ay be called at
that price on 60 days’ notice.—V, 72, p. 1184.
Latest Earnings.—For 5 months ending May 31:
5 months—
Gross.
Net.
Oharges.
Bal., sur.
$875,279
$668,760
1902................. $3,863,871
$206,519
1901................. 3,530,997
772,622
607,027
165,595
R eport.—Report for 1901 was in V. 74, p. 983, showing:
Tear ending Dec. 31—
1901,
1900,
1899.
Gross e a rn in g s.............................. .$9,201,175 $8,296,112 $7,368,794
Operating expenses and ta xes...... 7,110,212
6,330,593 5,667,821
N etearnings............................... $2,090,963 $1,965,519 $1,700,973
50,519
............
.....
Add net land receipts......................
Total net incom e........................$2,141,482 $1,965,519 $1,700,973
Deduct—Interest....................... ...... 1,356,389
1,319,331
1,289,420
Dividend on pref. stock ............... (4) 420,446 (4) 420,000
............
Equipment sinking fund payments 152,500
............
Balance, surplus........................ $212,147
$226,189
$411,553
Of f ic e r s .—Chairman o f Board, W. W.Crapo; President, Charles M.
Heald; Gen. Mgr., 8. T. Crapo; See. and Treas., Charles Merriam
Comptroller, H. C. Potter Jr.—(V. 73, p „ 445; V. 74, p. 3 2 2 , 9 8 3 .)
P e r k l o m e n B B . —Owns from Perkiomen Junction, Pa., to Emaua
Junction, Pa., 38*3 miles.
Stock, $1,500,000 (par value of shares,
$50); owned by the Reading Co. and mostly deposited under its Jer
sey Central collateral 4 per cent m ortgage of 1901.—V. 72, p. 283. Re
organized in 1887. in year 1900-01, gross, $374,734; net over taxes,
$143,429; interest, $99,830.—(V. 71, p. 1013; V. 72, p. 283.)
P e t e r b o r o u g h B B . —W ilton to Greenfield, N. H., lO 1 miles.
^
Leased April 1,1893, to Boston & Low ell for 93 years at 4 p. o. on
stock and expenses. Capital stock $385,000; par, $100 ; div., A. O.
P e t e r s b u r g B B . —See Atlantic Coast Line Co. o f Virginia.
P h i l a d e l p h i a & B a l t i m o r e C e n t r a l B B . —West Pniia. to
Octoraro Jc.,M d., 63 miles; W aw ato West Chester, Pa., 9 m. (double
track, 13 m.); branoh, 2 m.; leased, Chester Creek RR., 7 m. Pliila. Wil
mington A Baltimore Railroad holds $2,497,150 o f the $2,499,189
stock, and road is a part o f Pennsylvania system. Fiscal year ends
Oct. 31. For 1900-01 gross earnings, $919,595; net, inch other income,
$160,764; charges, $172,875; def. under oharges, $12,111.
P h i l a d e l p h i a & C h e s t e r V a l l e y B B . —Road from Bridgeport
to Downington, Pa., 22 miles. Chartered in 1888. Capital stock (par
$50) is, common, $550,000; preferred, $205,100; total, $755,100, of
which Reading Company owns $454,450 com mon and $205,100 pre
ferred, o f which $450,000 com m on and $205,100 preferred are depos
ited under its general m ortgage of 1897. The Reading “ Company”
guarantees the bonds, with interest reduced. See V. 63, p. 1064.
P h i l a d e l p h i a & E r i e B B .—( See Map Penn. R R .)—Owns Sunbury
to Erie, Pa., 288 miles; branches, 17 m.; double track. 89 miles.
Organization, Lease, ac .—Formerly Sunbury A Erie. Leased to
Pennsylvania RR. Co. for 999 years, and actual net receipts paid ae
rental. Pennsylvania RR. owned Deo. 31, 1901, $3,499,800 common
and $2,400,000 special stook and $3,944,000 general mortgage bonds,
and oity o f Philadelphia (sinking fund) $2,250,000 common stook.
Dividends.—On common in 1892, 2 p. o.; 1894, 2 p. c.; 1901, 2 p. o ;
1902, July, 2 p. o. On “ speoial,’ ’ 1888-93,7 p. o. yly.; ’94 to ’ 96, none;
’ 97, 2 p. o.; ’98 and ’99, 4 p.o.; 1900, 7 p. c.; 1901,7 p. o.
E arnings.—5 months, >1902........Gross, $2,508,819; net, $858,464
Jan. 1 to May 31.
51901.......Gross, 2,387,861; net, SOS,771
Annual R eport.—Report for 1901 was given in V. 74, p. 526.
Tear end. Dec. 31—
1901.
1900.
1899.
1898.
Gross earnings................. $6,789,689 $5,824,626 $5,348,029 $4,574,44a
Total net Income............. 2,725,740 2,086,010 1,664,235 1,317,918
Interest on debt............... 1,019,150 1,019,150 1,019.150 1,019,150
Interest on speoial stock.
168,000 168,000
96,000
96,090
Interest on equipm’t, A c.
1,362,422
757,491
447,864 200,454
Balance........................... sr.$176,168 sr.$141,369sr.$l01,221 sur. $2,314
- ( V . 72, p. 340, 3 S 8 , 6 7 1 ; Y. 74, p 380, 5 2 6 ; V. 75, p. 30.)
P h i l a d e l p h i a A F r a n k f o r d B B . —Owns from Cresoentville to
Frankford, Pa., 2*6 miles. The $500,000 stook is owned by Reading
Company of which $498,950 is deposited under its mortgage of 1897.
In 1898 interest on bonds reduced from 5 to 4 per cent, principal and
interest being guaranteed by Reading Co.—(V. 67, p. 1358, 1357.)
P h i l a . G e r m . A C h e s t n u t B i l l B B . —See Connecting Ry.
P h ila d e lp h ia
G e rm a n to w n
A
N o r r is t o w n
B K . — Phila.,
Pa., to Norristown and Germantown, Pa., 20*66 miles; second track,
20 miles; 3d traok, 2*59 miles; total track, 102*4 in.; leases Chestnut
B A IL R O A D
J u l y , 1902.]
8TOCK8
AND
11 ff
BONDS
M A P
O F
T H E
PERE MARQUETTE
RAILROAD
AND CONNECTIONS.
In g
Sturgeon B ay
F r a n k f o r t _____
S .F ran k fort ?
lgpma
ANN
Ai
y.jc.
Kewaunee
TOW OC
Re
s
LUDINGfSi
ifl
Plymouth
oI f " b ,# w
IJill M
^
If /
.0
, » / /
if)
|
.jV '
___
'W ltW A U K .E E
*ha
P;/>
Waukegan
out
,
“
/
' 1CAGO
U Park
h 'I Croming
k§'mingUtn
s M fc h f^ Q i
#r| ,r>v
Vmm.
:f
f»wn| roln tx'Vif
t?
\ t,
.
I V
1_Ju»,i ....
j / u >/
K
0 /\ I
Jr
°* \0,
WiM%
*? <
«f\\
116
INVESTORS’
SUPPLEMENT
rvoL.
lxxv
.
Bonds—
Princi
INTEREST OR DIVIDENDS.
Miles Date JSize, or
pal,When Due.
Amount
of | Par
of
For explanation of column headings, &c., see notes
Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Whom.
Dividend.
RAILROADS.
Philadelphia Wilmington < Baltimore—Stock..........
6
Plain bonds, s. fund $20,000 yearly, not drawn, .r . . . .
Plain bonds................................................................. r
....
Plain bonds................................................................. r
....
Plain bonds, gold ....................................................... r
Plain bonds, gold .......................................................r
....
Balt. & Potomao, 1st M.(tun.) g.,s.f., n otd r’n x.o*
1^
1st M., road, guar., gold, s. fd ., not drawn... x c ‘
92
Consolidated rnort., $10,000,000, g o ld .S B a .o *
93
Piedmont < Cumberland—Stock, 5 per cent rental. . . . .
£
29
1st mortgage, gold, interest ren ta l.M e ............. o*
75
Pine Creek—1st M., guar. prin. and interest (end.)r
Piqua & Troy—1st M., $250,000, g., gu. p. & i.......c
8
....
Pittsburg Bessemer <•L. E.—Com., 3 p. o. rental___
£
....
Pref. stock, 6 per cent cum., guar, by ren tal.......
Pittsb. Shen. & Lake Erie, 1st mort., gold.C e..c'' 134
Consol. 1st mort., for $4,800,000, g old .C e. ..o* 151
Pitts. B .& L.E., consol. M., $10,000,000, g.F s.o* 193
Debentures, gold, $2,000,000. See text. U P i ...
193
....
Bessemer eq. trust, $75,000, g., ea. July l . U P i .
....
Conneaut equip, trust, part due yearly, g . F P i
....
Shenango equip, trust, part due yearly. g .U P I ..
....
Greenville equip, irust. $100,000 due y ’ly, g . L P i
....
Butler equipment trust. $2,050,000 U P i ............
Pittsburg Chartiers < Yough’y—Stock, $1,000,000..
6
....
16
Gen.hf. $ l,000,000,gvgu .p .& i.(en d .)F P i See text
Pittsb’g Cincinnati Chic. & St. Louis—Com. stock 1,095
Preferred s tock ............... .......................................... 1,095
f Col. & Ind. Cent. 1st M. (Colum. to Ind. & b r.). c* 208
l Col. & Indianapolis Central 2d m ortgage....... c* 208
l Union & Logansp’t 1 stM.(U’nC ity toLogans.)o*
93
(jhic. St. L. & Pitts. oon.M. ($22,000,000)g.iJn.c<fcr 580
1880
1887
1887
1891
1892
1871
1871
1889
....
1886
1885
1900
....
....
1890
1893
1897
1899
1897
1893
1899
1900
1901
....
1892
....
....
1864
1864
1865
1883
$50
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
50
1,000
1,000
1,000
50
50
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
50
1,000
100
100
1,000
1,000
1,000
1,000
TTill RR., 4 03 m., and Plymouth RE., 9 miles. Leased November
10,1870, to Philadelphia & Reading for 999 years at a rental o f $269,623 and $8,000 yearly for organization expenses.
P h i l a d e l p h i a H a r r i s b u r g Sc P i t t s b u r g H R . , —Harrisburg,
Pa., to Shippensburg, on the Western Maryland RR.. 47 m.; 2d track,
3*38 m.; sidings and laterals 17*47 miles. Leased October 15,1 89 0 ,
for 999 years at 5 p. c. on stock, interest on bonds, taxes and
expenses to the Philadelphia & Reading RR., which by endorsement
on each guaranteed the bonds, principal and interest. Lease assumed
in 1896 by Philadelphia & Reading Railway. Stock, $2,000,000 (par,
$50),owned by Reading Co., of which $1,995,000, along with $1,472,000
o f the bonds also owned by the Reading Company are deposited under
its general m ortgage o f 1897. Mortgage is for $2,000,000.
P h i l a d e l p h i a N e w t o w n Sc N e w Y o r k R R . —Philadelphia to
Newtown, Pa., 22 miles; sidings and laterals, 3*42 miles. S t o c k common, $1,225,000; preferred, $400,000; par, $50. Of the bonds,
$849,100 (with coupons only partly paid—see V. 64, p. 331), are owned
by the Reading Co. and deposited under its general mortgage of 1897.
In October, 1898, interest on $507,000 bonds w as reduced to 3 per
oent, from A pril 1, 1897, and made a first charge, that on remainder
o f issue being left at 5 per cent subject to said agreement.—V. 68, p.
773. Current liabilities June 30,1 90 1 , $272,589.
P h i l a d e l p h i a Sc R e a d i n g R R . —See R e a d in g C o m p a n y .
P h i l a d e l p h i a Sc T r e n t o n R R . —Phila. (Kensington), Pa., to
Morrisville, Pa., 24 miles, m ostly four-tracked, and branch 3 miles. On
June 30,1871, leased, with the United Cos. o f N. J., for 999 years to the
Penn. RR. at 10 p. c. on $494,100 stock, the total issue being $1,259,100, the balance being owned by the United R R . o f N. J.
P h i l a d e l p h i a W i l m i n g t o n Sc B a l t i m o r e R R . — f See Map
Penn. RR.)—Operates from Philadelphia to Washington, D. C., and from
Wilmington, Del., to Delmar, Del., with branches as fo llo w s:
Lines owned—
Miles. Delaware RR.1T........................... 258
Philadelphia to Baltimore...... 95 Delaware Md. & Ya.If................ 98
Baltimore & Potom ac................. 93
(all double trackA
Branohes to Delaware City, eto. 22 oth er lines (5)............................. 58
Lines controlled, leased, etc.—
Total (If see this com p a n y)...704
Philadelphia & Balt. CentralU. 80
O r g a n iz a t io n .— Penn. RR. owns $11,737,250 stock (mostly pur
chased in 1881), and controls the operation.- Y. 68, p 482. The stock
holders voted on Jan. 1 3,1 90 2 , to increase the stock from $11,819,350
to $19,819,350 to absorb Baltimore & Potom ac RR.—V. 74, p. 152.
D iv id e n d s . 51868-87 ’ 88 ’ 89 ’90 ’91 ’ 92 ’93 ’ 94 ’95 ’ 96 to ’02.
P ercen t. ( 8 yearly. 7
7
6
6
7 7^ 7 6^
7
In 1901, Jan., 4 p. c.; July, 3 p. c.; in 1902, Jan., 4 p. o.; July, 3 p c.
B o n d s .—A ll to be secured by any future m ortgage; see page 4, Sup .
o f A pril, 1895. M ortgages and ground rents 1901, $163,765.
D arnings —7 m os.,) 1901-2.........Gross, $6,754,756; net, $2,058,624
Nov. l t o May 31. s 1900-1....... Gross, 6,625,156; net, 1,955,324
A n n u a l R e p o r t .—Y ear ends October 31. Report fo r 1900-01 was in
V. 74, P- 526, showing gross, $11,808,649; net, $3,748,807; other
Income, $612,600; interest, taxes, rentals, etc., $2,072,665; dividends,
$827,354; bal., sur. for year,,$1,461,388, appropriated to extraordinary
expenditure fu n d .-(V . 74, p. 152, 5 2 6 ; V. 75, p. 136.)
P i e d m o n t Sc C u m b e r l a n d R y . —Road from W.V. C. Junction, W.
Va., to Cumberland, Md., 29 m. Under the new lease o f ’ 99 the W. Va.
Co. & Pitts. Ry. receives all revenues and pays all expenses, 5 p. o. in t on
bonds and 5 p. c., F.&A. on stock, of which it owns 92 per cent. V.
69. p. 590, 592; V. 73, p. 785. Previous dividends: 1894, 5 p . c.: 1895,
6; 1896, 6; 1897, 5; 1898, 4; 1 8 9 9 ,4 .-(V . 69, p. 492; V. 73, p. 785.)
P i n e C reek. R y . —Owns Stokesdale Junotion, on the Fall Brook
Road, to Newberry Junction, Pa., 75 miles. O r g a n iz a t io n .—N. Y .
Central controls the oapital stock and leases the road for 999 years,
from May 1,18 99 , for $35,000 yearly, payable quarterly, Q.-F., bond
interest and taxes.—V. 68, p. 379, 573, 773, 872. The 1st m ortgage is
guaranteed by the Reading and the New York Central, jointly and
severally. Bee form o f guaranty, Y. 56, p. 650. Btook, $1,000,000
(par, $50); July 1, 1901, N .Y . Central owned $999,000.—(V. 68, p. 573.)
P i t t s b u r g B e s s e m e r Sc L a k e E r i e R R . — (See Map.)—Owns
lin e com pleted in August, 1897, from Bessemer, near Pittsburg,
Pa., to Conneaut H arbor on Lake Erie, and Wallace Junction, Pa., 155
m iles; terminal in Erie, eto., Pa., 2 m iles; branches, 11 m iles; leases
Meadville Conneaut Lake & Linesville RR., Linesvllle to Meadville, 22
miles; trackage to Cascade, near Erie, etc., 13 miles; total, 203 miles.
O r g a n iz a t io n , E tc .—A consolidation Jan. 14,1897, o f the Pittsburg
Shenango & Lake Erie and the Butler & Pittsburg. Carries iron ore
south and coal north. See V. 63, p. 1159; V. 65, p. 152. Controls boat
lines for coal transfer to Canada. See V. 60, p. 872; V. 61, p. 241,795.
Of the stock $5,500,500 com. and $500,100 pref. are owned by the
Carnegie Co. and deposited under its collateral m ortgage. Leased
for 999 years from Apr. 1,1901, to the newr Bessemer < Lake Erie
fe
RR., a subsidiary organization of the Carnegie Co. for 6 per oent on
pref. and 3 p. c. on com mon stock, Interest on bonds and organization
expenses, etc., the lease being guaranteed by the Carnegie Co.—V.
72, p. 137. Through Carnegie Co. is controlled by U. 8. Steel Corpo’ n.
D iv id e n d s .—On pref., 3 p. o. 1899. In 1900,6 p. o.; since under
lease, 6 per cent yearly on pref. and 3 p. c. on common.
See text.
1,000,000
1,000,000
1,000,000
930,000
1,000,000
1,500,000
3,000,000
3,000,000
650,000
650,000
3,500,000
225,000
10,000,000
2,000,000
3,000,000
658,000
6,342,000
2,000,000
300,000
350,000
725,000
1,000,000
2,050,000
700,000
316,000
24,757,107
22,698,566
2,440,000
700,000
715,000
1,506,000
7 in 1902 J. & J.
5
J. & D.
4
A. & O.
4
iM. & N.
4 g. J. & J.
4 g. A. & O.
6 g. J. & J.
6 g. A. & o .
5 g- J. & J.
5
F. & A.
5 g. F. & A.
6
J. & D.
4 g. M. & N.
A. & O.
3
6
J. & D.
5 g. A. & O.
5 g- J. & J.
5 g. J. & J.
5 g. J. & D.
6
J. & J.
M. & 8.
6
5 g. A. & O.
5 g- M. & N.
5 g. A. & O.
4 Jan.’O
O
4 g. A. & O.
3 in 1902 See text
4 in 1902 J . < J.
te
7
J. & J.
M . & N.
7
A. < o .
te
7
5 g. A. & o .
Phila., Broad St. Stat’n.
Phil.Of.;Bost.,Kid.Peab
do
do
Phila., Broad St. Stat’n
do
do
do
do
Balt. Office and London.
do
do
Balt. Office, Calvert St.
Check from Co.’s office.
Baltim.,Hambleton&Co
N. Y. Gd. Cent. Station.
(Tn. Sav. Bk. & Tr., Cin.
Check from Co.’s office.
do
do
N. Y. Central Trust Co.
do
do
N. Y., U. S. Trust Co.
Un. Trust Co., Pittsb’g.
Un. Trust Co., Pittsb’g.
Fid. Tit. & Tr., Pittsb’ g.
Union Tr, Co., Pittsb’g.
do
do
do
do
Pittsburg, Office.
do
do
N. Y., Farm, L. & T. Co.
N.Y.,Farmers’ L’n & Tr.
N. Y., Union Trust Co.
do
do
do
do
do
do
July 1, ’ 02, 3%
June 1, 1910
Apr. 1, 1917
Nov. 1, 1922
Jan. 1, 1926
Oct. 1, 1932
July 1, 1911
Apr. 1, 1911
July 1, 1929
Aug. 1, ’02, 21*
Aug. 1, 1911
Dec. 1, 1932
Nov. 1. 1939
Apr. 1, ’02, li*
June 1, ’ 02,3%
Oct. 1, 1940
July 1, 1943
Jan. 1, 1947
June 1, 1919
J’ly 1,1903-06
Mch. 1, 1903-8
Apr. 1, ’04-’ 13
May 1. ’ l l - ’20
Apr. 1, 1921
Jan. 15,’00,|4%
Apr. 1. 1932
A u g.l5 ,’ 02,U «
J u ly l5 ,’02, 2%
Nov., 1904
Nov., 1904
Dec., 1905
Oct. 1, 1932
Bonds.—
Debentures of 1899 may be called after June 1,1909, upon
company paying i* per oent for each year of unexpired term.
The P. B. & L. E. m ortgage o f 1897 is for $10,000,000 (trustee United
8tates Trust Co., N. Y.), covering all the railroad, property, rights and
franchises o f the consolidated com pany, including the agreement with
the Carnegie Steel Co., Limited, and the Union RR. Co. Of the 5s o f
1897 $4,800,000 reserved to retire Pittsb.JShenango & Lake Erie bonds.
R eport.—R eport for year 1899 was in V. 71, p. 285. Ton mile rate
in 1899, 0 364 cent. Train-load m 1900 about 950 tons.
Other
Interest,
Bin.
Balance,
Year.
Gross.
Net.
income, taxes, etc. o n p ref.
deficit.
_
1900 _ $2,338,332; later earnings not published.
1899....... 1,854,287 $774,568 $2,106 $753,858 $48,407 $26,591
Pres., James H. Reed, P ittsb u rg.- (Y.71, p. 1221,1270; V. 72, p. 137.)
P i t t s b u r g C a r u p g le Sc W e s t e r n R r —Under construction as
an extension o f the Wheeling & Lake Erie RR. from 8teubenville, O.,
to Pittsburg, Pa., 60 miles; expected to be completed during 1902. The
six mile link with the W. & L. E. to bp built under the charter of the
Pittsburg Toledo & Western RR. V. 74, p. 1090, 1197. To form, in
connection with the Wabash, an independent route to Pittsburg for the
Missouri Paciflo and associated lines. A contract providing a large
tonnage is reported to have been made with the Carnegie Co. (now
controlled by the U. 8. Steel Corp.) Stock authorized, $2,000,000,
all of one class; all outstanding. No bonds had been issued in Jan.,
1902, a syndicate supplying the funds for construction fo r the present.
V. 73, p. 445, 616, 663,1090.
P i t t s b u r g & C a s tle S h a n n o n R R . —(V . 7 2 ,p .439; V . 74, p. 1309.)
P i t t s b u r g C k a r t l e r s Sc V o u g l i l o g h e n y R y . —Owns from Chartiers to Beecnmont, 18 m .; trackage (Chartiers R y.), 2 m .; 20 miles In
all. St o c k authorized, $1,000,000; par, $ 50 ; outstanding, $700,000,
owned jointly by guarantors mentioned below. D iv id e n d s —In 1895,
4 p. c.; 1896,11 p .c .; 1897,none; 1 898,7 p. c.; 1899, 1 p. o.; 1900,
4 p. c. Of the 4s issued, or to be issued, one-half are to oe en
dorsed with the guaranty of the Pitts. Cin. Chioago < 8t Louis, the
fc
other half with the guaranty o f the Pittsburg & Lake Erie. See guar
anty, V. 56, p. 650. The $303,000 first 6s were paid at maturity on
Feb. 1,1902, in cash borrow ed at 4 per cent per annum. In year end
ing Deo. 31, 1901, gross, $236,632; net, $77,822.
P i t t s b u r g C i n c i n n a t i C k lc a g o Sc S t . L o u i s R y , — (See Map.)—
Lines owned.
Miles.
Lines leased—Con.—
Miles.
Pittsburg,Pa., to Chioago,HI. 509 Ohio Connecting R y ................
3
Rendcomb Jo. to Anoka J c ... 166 Pitts. Wheeling & K y ............
28
Bradford Jc. to Indianapolis. 104 Eng. Connecting Ry. in Chic.
2
Indianapolis to Jeffersonville 108 Other lines...........................
5
B ra n ch es.................................. 208
Operated under their own
organisation—
Total o w n e d ..........................1,095
Pittsburg Chartiers & YoughTrackage—
19
Indianapolis to K ok om o.................. 55 iogheny R y.......................
Louisville Bridge, eto..............
5 Cinoin. & Musk. Val. R R .. 148
Lines feow’ cZdTSee these oo’ s.) Miles Wayne8burg & Wash. R R ___
28
HChartiers................................
23
Total of an Apr. 1 ,19 02 ...1,6 0 4
ITLittle Miami......................... 192
O r g a n iza t io n , &c.—Formed in 1890 by consolidation (per terms in V.
50, p. 875) of Chicago St. Louis & Pittsburg, Jeffersonville Madison A
Indianapolis, Cincinnati & Riohmond and Pittsburg Cin. & St. L. Con
trolled by Pennsylvania Company through ownership o f stock.
Ca p it a l St o c k .—The stock authorized is; Common, $45,000,000;
preferred, $30,000,000; par, $100. Outstanding Apr. 1, 1902, common,
$24,757,107; preferred, $22,698,566. Stock listed to A pr., 1902,
common, $25,539,300; preferred, $24,000,000. Suit V. 68, p. 381; V.
69, p. 1248; V. 70, p. 126. Of the preferred stock, $15,000,000 U
pledged as collateral under Penn. Co. trust certificates of 1901.—V. 73,
p. 957.
The preferred stock is “ non-oumulative and entitled to a dividend
of 4 per oent per annum out o f the net earnings as declared by the
Board, with the right after 3 per oent has been declared on the
common to an additional 1 per oent, making 5 per cent in all.”
After 5 per cent on both common and preferred, the tw o share pro rata.
D iv id e n d s .— ) ’ 91.1892-93. ’ 94. ’95. ’ 96. ’97-’98. ’99. ’00. ’01. 1902.
On pref. p. o.— $ 3 4 yearly. 2 0 2
0
3 4 4 4
On com ., 1 p.o., Aug. 15, ’01; in ’02, Feb. 15, l 1 p. o.; Aug., 1 ^ p. c.
*
Stock of Old Companies unexohanged Apr. 1, 1902: Pittsb. Cin& St. L. common, $27,000, Chic. St. Louis & Pittsb., common, $447,267, and preferred, $6,052; Steubenville & Indiana, oommon, $81,072,
and preferred, $750; Jeff. M. & I., $5,000.
B o n d s .—The consolidated mortgage for $75,000,000 (Farmers’ Loan
& Trust Co. of N. Y. and W. N. Jaokson, trustees,) covers the entire prop
erty. Sufficient consols are reserved for the purpose of retiring all sec
tional bonds at maturity, at whioh time they must be paid off. The
remainder are issuable for improvements, additions etc. They are
guaranteed unconditionally as to principal and interest by the Penn
sylvania Company. The five series are all equally secured. Seeadv.
in Ch r o n ic l e May 21,1892, and guaranty on bonds, V. 56, p. 604.
L a t e s t E a r n in g s .—For 5 months ending May 31:
Balance.
5 months—
Gross.
Net.
Charges.
$767,032
1 9 0 2 ............... $9,005,263 $2,350,543
$1,583,511
758,300
1 9 0 1 ...............
8,161,256
2,161,178
1,402,878
R A IL R O A D
JULY, 1902.1
Simcoe'
C°
qran.
d
f y
A \)
STOCKS
AND
147
BONDS.
Ra inham
trunk
Eden Cen,
*
silver Cree^
Gowanda
T)ayton
\o
/O '
$
/A .
Skidmore
/o *
ipley
A
/A
A
\<PV
Cattaraugus
lyville
Nortu East
Little Valley
tuqua
-\
Q
mdolph
mutauqiLa
~,ake
Harbor Creek
'o^°
Sherman,
Falconer. Jc.
penn.
panama
S w a n v ille
A*
Jamestown
"U
Jacksons'
'ALLACE JC.
Girard
Lockport'
*D
\pV-
Conneaui Jc.
Russell
’Columbus
cv^
RANESVILLE ° Edinborougb.
Albion
Keepvine'
Cxossingville
/ # C
D
p,
Conneautville
,Jefferson
iiV
Garland,
Pi g Sh adeland
Sh
SpcangbOEO
I
.Kinzua
R.
/ # Venango
f^aonburg
Ovc^sou ^A\e
,
Clarendon
.Tiona
M Saegertow n
P* NN .
‘‘^ Meadville" Jc?
6 Centreville /A
1
/*
1x
A
^
*
2
/
A
tespy
*11
Sheffiek
Idioute
<r
.Titusville
m e a d v il l e
o"Wayne Cen.
,£ndoverN
^
yz< ?
/ r Y
St/
Vandergrift
U iX
jf
Sheffield Jc.]
tp
.Cochrairtorr
h
to 9/Tionesta
’D uhrings
Karlen
Jamektowid
>s$°°
n
V1
%
Stoneboro
Tylersburg
V / '^
XatimerXt-----° j
?!
a*
I f AsharpaT.
• /(\
Millstone
rap
4
<r/
^
<
5
W ^/ciS.
(Om
t
ChXri°»Jc.
-
A1
° Steel
^ 5^
vWarren
Clarion,
JBrooksville^
roxburg
Leesr
[Youngstown.
'V
M ines
'
limb gton,
Jc.
[Sligo [Fur*
Parker
/
n\pKbW AU
New Cast!
I
j
Latonln V
lt d
ROCH.
/WurtCrriTjurg
Callery Jc. *
Marn
Delano
33 ■
LAKE ERIE RAILROAD
%
ICttlmervIl
Olb«onltt|
AVofxilawjEi
polio
Semple” )
E lfin w o o d ,
Mow to u r J
Imperial
°'N,
Allcfjhnny^V
Pillsbfirtih^
I
InrmarviJJo
v
.’JorMh
o Coal Worke
%
>
M H Uf'umrmx
or i
&
^iBIairsvillo
_
, ilrinforin
STIC A D
i
-I lo r a c r a
A^,vir^
B irn ih ig h fn V ^ v fB E S S E M E R
Man»ndfiv
«r. C, H O M E
A N D CONNECTIONS,
j^echburg
'Wildwood)
cfKbnflKIK
T H IS
leghony Jc*
flO fiV
tlM lllO
D o w n e y v iliej
n
O P
AND
o d ,ir * iaxoI,l)ur>f
«
3 j| ,M bni'g
Valencia)
SfedboraVilb
&
PITTSBURG, BESSEMER
lien fru w /j
iA
'aboPh /L7
» Jo(1<
i
o
R.
V
MAP
Wamt,um
*
Homewood
O
P n n x H U tfiw n e y ,
Mahoning
Jt
^*Vf ‘W43taiile
’BeUUCbW
llfl
wsonham
oravia
Lawrence Jc.
*
VA^
u q u e s n
r:’
-4 .
A®
•/.ill<
M V
.
,
\ g l Springs \
[sHiej/
C
?ihei‘idan
\
hav.
W ahfesha
Owossd'
0
f\ s
Elkhorn
118
_
RAPIDS
.
De.T
,
?
“5— / K Sarnia
it
^kQia ii‘ /1 mich.
J
C^1
'Courtright
& \ Oxford'
fNSING
acin
\ H olly
>tfanlev
-LAN.
P o n tia c'
IVlomerth
_ Beloit
_
Plainwell
.Rivps^Jc.
O'
"^TAnn Arbor
Lawtor^
\
Geneva'
X
jMeadville.
Auror;
W
I?
Q
vC
®
c-
CONTINUATION OF
hena i£ol
o-
INVESTORS’ SUPPLEMENT.
^LaPaz r
o
■rppriDga
Shar
G R A N D R A P ID S
AND
IN D IA N A R. R .
.Warsaw
O IO
H
u U )ia S ^
lew Cascte Jc.
IC I.
H
Butler
Jalesburgl
v e>.
|f
>Mt. Gilead
!f.n u
/
Alvan
Lincoln,
c-
Petersburi
BELLAL
r. *v
'b*
>Ecr&
&
/ ylorsvillt>
X
r/
a
o/
>
Sullivan
Mat
j*
W
MARIET-
E
/Athens
i /^ o ijk
/a c , o ? \
ugqefu __
ItOI
*
x
<artI08vlUe ^
\ port
V
COLUMBUS^
1*t
Morroja^—
CllUlicoihe
.
■ o v e k m a '* ^ V
T
s
>
A ® & e n d c o m b JC./H illB b o ro
j/W o r th in g ( on
t
5T
AslileyX. LO ■
U
! Tamaroa
EVAN8V.V
>rayvllle]
q-
P ortsm ou th '
. /
v
Afaysville
\
°y
u
[Princeton
J aspei
Jeffe rso*
e
8T.
Paris
R
G
I
N
^
If A
ohio
P ittsburgh, Cincinnati,
Chicago & St . Louis
R A IL W A Y .
. lxxv
F airfield
.
M t .c L .
'
<f>m \
r 'H <\
a
(<tsburg’
/A / O
V I
T
[Grafton
l
* x
^
Schell
fMc Arthur Jc.
v* .
.Pomeroy
&
Weston
A
[v o
AT1NC E N N
*\
rParkersburg 0/>LT
S
M AP OF THE
O IO
H
°0
JCentralia
0 -* ’
v '*
o <?
[Caldwell
Jackson/V .~SP RIN G FIE LD
^
W AYNES0URG1
KAILBOAD
Ju l y , 1903. J
STOCKS
AND
119
BONDS,
BonRs—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount,
Rate per When Where Payable, and by Stocks—Last
of
of
Par
For explanation of column headings, &o., see notes
Outstanding Cent.
Whom.
Payable
Road. Bonds Value.
Dividend,
on first page of tables.
RAILROADS.
Pittsburg Oin Chicago < St. Louis—(C on.)—
£
Jeft’nville, Mad. & In. 1st M. (s. f. drawn at 110) .c 222 1866 $1,000
2d mort.. Jelferaonv., Ky., to Indianap. & br’h.c 222 1870
1,000
1,000
Steubenville & Indiana, 1st m ortgage................. r 116 1864
1890 1,000
f “ A ,” g.<r
1892 1,000
Con. M., $75,000,000, gold, guar. p.&i.
1892 1,000
1,095
(end.) by Pennsylvania C om pan y.F ] «x )’ ” g c*
1895 1,000
1899 1,000
( “ E,’” g >
Pittsburg Cleveland dt T oled o-S ee B a l t im o r e & Ohio RR.
Pxltsb.Ft. Waynedt C.—Gen. stk .,7 p . o. guar. Pa. RR. 470
100
Guaranteed special imp. stock, 7 p. o. guar, by end 470 1871
100
1st mortgage, series A to P ) Sink, fund, cum ula-)
468 1862 500 &0.
468 1862 500 &0.
2d
do
seriesG to M 5 tive, not drawn.o* }
3d m ortgage.................................................................
468 1862 500 &c.
Pitts.J.Eb.atE.- A .& B C .Ter.R R .,lstH .g.,gu p.&i.o*
3 1901 200 &o.
Pittsburg Junction^-See Ba l t im o r e & O h io .
Pittsburg dt Lake (Erie—Stock, autli. $8,000,000___
50
1,000
1st mortgage, gold....................................................c
7i 1878
71 1889
2d mortgage, gold, 8eries A. & B .N ......................c
1,000
Pittsburg Lisbon dt Western—1st m ortgage..............
25 1896
Pittsburg McK. dt lou g h .—Stock, guar., see te x t......
1884
50
1st mortgage, guar, by P. & L. E. and L. S. & M. S.o
57 1882
1,000
2d M., gu. p.&i. (end.) b y P . &L. E. and L. S. &M. 8.c
57 1884
1,000
McKeesport & Belle Vernon, 1st M., g., ass’ d . F P i
28 1888
1,000
Pitts. Ohio VaX.dt Oin.—1st M. g., s.f. not d m F P .c *
15 1890
1,000
Pittsburg Painsesv. < Fair port—See B a l t im o r e & Ohio RR.
&
Pittsb. Shawmut <
£No.—IstM . g.,$12,000,000C olc*
1899
1,000
1902
New m ortgage, gold, $15,000,000...........................
Pittsburg Shenango & L. E .—See P it t s b u r g B esse HER & L ak e E r i e .
Pittsburg Virginia dt Charleston—Stock ($6,000,000)
84
50
Cons. M .,now 1st. g., s. f., n ot dUn, ser. A G P o*
84 1895
1,000
a Sinking fund Jan. 1 ,19 02 , held $1,979,000 additi onal.
J \\
a$964,000
1,975,000
3,000,000
10,000,000
8,786,000
1.379.000
4.983.000
11,254,000
7
7
5
g.
4*2 g.
4^2 g.
4 g.
3*2 g.
A.
J.
J.
A.
A.
M.
M.
F.
&
&
&
&
&
&
&
&
O. N.Y.,Farmers’ L’n & Tr.
do
do
J.
J. N. Y., Nat’l City Bank.
O. N.Y.,Farmers’ L’n & Tr.
O.
do
do
N.
do
do
N.
do
do
A.
do
do
19,714,286 See text. Q .- J . N. Y., W inslow, L. & Co.
do
do
22,615,100 See text. Q .-J .
Various
do
do
5,250,000
7
Various
do
do
5,160,000
7
do
do
A. & 0.
2,000,000
7
150,000
5 g. J. & J. Com .Tit.I.&Tr.Co Phil.
4,000,000 10 in ’01 F.
2,000,000
6 g. J.
2,000,000
5 g. A.
J.
150,000
5
6
J.
3,959,650
6
J.
2,250,000
J.
900,000
6
600,000
6 g. J.
290,000
5 8- A.
See text.
See text.
&
&
&
&
&
&
&
&
&
A.
J.
O.
J.
J.
J.
J.
J.
O.
Pittsburg, Co.’ s Office.
do
do
N. Y ., Security & Tr. Co.
N.Y., B ow l.G reenTr.C o
N. Y., Union Trust Co.
do
do
do
do
Pittsb’g, Fidelity Tr.Co.
Phila., Broad St. Stat’n
1,
1,
1,
1,
1,
1.
1,
1,
1906
1910
1914
1940
1942
1942
1945
1949
July 8, ’ 02,1 \
July 1 , ’02, 1%
July 1, 1912
July 1, 1912
July 1, 1912
Jan. 1, 1931
Feb. 1, ’02, 5%
Jan. 1, 1928
Jan. 1, 1928
July 1, 1926
July, 1902,3%
July 1, 1932
July 1, 1934
July 1, 1918
Oct. 1, 1920
Feb. 1, 1949
Feb. 1, 1952
5 g. F. & A.
4 g. F. & A.
3,772,400 7 in 1901 M. & N.
3,431,000
4*2 g. A. & O.
Oct.
July
Jan.
Oct.
Apr.
Nov.
Nov.
Aug.
Philadelphia Offioe.
do
do
May 1, '02, 3*2
Apr. 1, 1925
A nnual R eport.—Report for 1901 at length in V. 74, p. 722, 779.
dicate headed, it was said, by Myron T. H errick, obtained con trol
Stock, $200,000; outstanding, $150,000; par, $50. Y ear ending June
Year ending Dee. 31.
1901,
1900.
1899.
30, 1901, gross, $63,094; net, $18,865; other income, $2,192; charges,
Miles operated!(system proper)
1.156
1,156
1,151
G rosseam ings.................$20,683,174
$19,012,677 $18,104,426 $9,456; bai., sur.. $11,601. President, N. B. Billingsley, Lisbon, O.;
5,996,621
4,948,651
5,043,190 Treas., James I. K em oghan, 31 Nassau St., N. Y .—Y. 74, p. 728.
Net earnings....................
F i t t s b u r g M c K e e s p o r t Ac K o u g h i o g h e n y R R . —Owns from
141,351
X 7 7 .9 9 6
M iscellaneous................. x 2 20,815
Total net earnings... $6,217,436
$5,090,002 $5,121,186 Pitts, to N. Haven, Pa., 57 m.; M cKeesport to Fayette City, Pa., 31 m .;
$2,260,180 $2,417,666 branches, 13 m.; leases 2 m.; total, 103 m., o f which 31m . double track
Interest on bonds........... $2,161,601
L e a s e .—Leased to Pittsburg & Lake Erie R R. for 999 years. R ental
Rentals paid....................
132,239
131,193
133,132
Car trusts (including interest).
224,355
205,830
88,582 is 6 per cent on the stock, principal and interest o f the Pittsburg McK.
*1,037,386
*770,725 & Yough. bonds being guaranteed by Pittsburg & Lake Erie and Lake
M iscellaneous................. *1,800,990
Shore & Michigan Southern companies, the guaranties being endorsed on
Dividends on preferred......... (4%)907,870 (4%)907,670 (31
2%)793998
the share certificates and bonds. The guaranty o f the stock is on the
Dividend on com mon
___(2!2%)618,832
.....
............
Balance, surplus.............
$371,549
t$547,743
$917,083 express condition that the holder shall accept par for the same on July
1, 1934. See w ording o f guaranty in V. 56, p. 774. Stock authorized,
* Includes extraordinary expenditures in revising grades, alignment, $4,000,000; first mtge. bonds authorized, $2,250,000; 2d mtge. bonds
etc., etc. x Includes profit in operating Little Miami RR. and St. L. V. authorized, $1,750,000. Profit to lessee in 1901 $2,454, o f w hich
< T. H. R R —(V. 74. p. 478, 7 2 2 , 7 7 2 , 7 7 9 , 1356.
fc
one-half was payable to the Lake Shore & Michigan Southern.
P i t t s b u r g C le v e l a n d Ac T o l e d o H R . —From Newcastle Junc
P i t t s b u r g O h i o V a l l e y Ac C i n c i n n a t i R R . —Owns road Belltion, Pa., to Akron, O., 77 miles. In Jan., 1902, the Baltimore & Ohio aire, O., to Powhatan, O., 15 miles. Operated for cost by Pennsylvania
RR. pledged as part security for its own Pittsburg Lake E rie & W est Company in connection with Cleveland & Pittsburg since Deo. 1,1892.
■Virginia system 4s $1,505,000 of the $3,000,000 stock.
Stock, authorized, $1,500,000; outstanding, $300,000; par, $50. Trus
tee of m ortgage (for $1,500,000), Fidelity Ins., etc., Co. o f Phila. Y ear
E a r n i n g s .— Year 1900-01, gross, $1,318,301; net, $467,151; in te r e s t
and taxes, $385,532 ; balance, surplus, $86,619. In 1901-02, July 1 to ending Deo. 31, 1901, gross, $4,880; def. under oper. exp., $23,022.
Jan. 31, gross (7 mos.), $916,653; in 1900-01, $714,049.—(V. 70, p.633.)
P i t t s b u r g P a i n e s v i l l e Ac F a i r p o r t R R . — Owns Fairport, O.
fr
P i t t s b u r g F o r t ’W a y n e Ac C h ic a g o R y . - (See Map Penn. R R .)— to Youngstown, eto., O., 53 miles. In January, 1902, the Baltimore <
R o a d .—Owns from Pittsburg, Pa., to Chicago, m ., and br., 470 miles. Ohio RR. pledged the $800,000 com m on stock and $219,300 o f the
Double track, 271 miles, o f which part was built in 1893. In July, 1900, $250,000 preferred stook as part security fo r its own Pittsburg Lake
Erie & W est Virginia System 4s. V. 72. p. 1188 For 7 months ending
66 miles o f additional second track was under construction.
L e a s e , &c.—Foreclosed Oct. 24, 1861, and reorganized. From July Jan. 31, gross, $260,542 in 1901-2, against $296,285 in 1900-1.
For year ending June 30,1901, gross, $475,277; net, $119,746; int.
1, 1869, leased in perpetuity to the Penn. RR.; rental pays in
terest, sinking fund of debt and 7 per cent on stock, payable Q.-J. The and taxes, $86,552; balance, surplus, $33,194. In 1899-00, gross,
$460,713; net, $ 1 2 2 ,2 0 9 .-(V. 71, p. 182, 343; V. 72, p. 1188.)
lessee keeps road in repair and pays taxes and expenses.
P i t t s b u r g S l i a w m u t Ac N o r t h e r n R R . —R o a d —Projected as
In July, 1901, an extra dividend o f 2 per cent was declared on both
stocks, but it will be paid on the guaranteed special stock only in case a short route from the bitum inous coal fields in Elk and Jefferson
counties, Pa., northerly to M acedon (on the N. Y. Central & Hudson
the courts hold that stock entitled to it.—V. 72, p. 821, 1188.
Ca p it a l St o c k .—T h e s p e c ia l im p r o v e m e n t s t o c k is is s u e d t o P e n n R iver RR.), including branches, 350 miles. Of first division, Wayland.
sylvania RR. f o r im p r o v e m e n ts , <fec., u n d e r a r tic le 16 o f le a se , w h ich to Shawmut, Pa., [228 miles], 168 miles in operation, viz.:]
p r o v id e s th a t th e le s s o r m a y is su e s p e c ia l b o n d s o r sto c k . S ee V . 5 0 , p .
139, a n d w o r d in g o f e n d o r s e m e n t in V . 5 6 , p. 7 7 4 . T h e s p e c ia l s t o c k
is in a ll r e s p e c t s s u b je c t t o th e g e n e r a l o r p r io r s t o c k a n d “ t o th e
rig h ts o f h o ld e r s o f sa id g e n e r a l o r p r io r s t o c k t o h a v e d is tr ib u te d to
th em in q u a r te r ly in s ta lm e n ts a n a n n u a l d iv id e n d fu n d o f $ 1 ,3 8 0 ,0 0 0
fr e e o f all t a x e s .” T h is s p e c ia l s t o c k is is s u e d fr o m tim e t o tim e f o r
b e tte r m e n ts ; in 1 8 9 8 , $ 3 3 5 ,3 0 0 ; in ’ 9 9 , $ 8 2 4 ,9 0 7 ; in 1 9 0 0 , $ 1 ,0 0 2 ,7 0 0 ;
in 19 01 , $ 1 ,2 9 1 ,2 0 0 . O f th e $ 2 2 ,6 1 5 ,1 0 0 g u a r a n t e e d s p e c ia l s t o c k o u t
sta n d in g J a n . 1, 1 9 0 2 , th e P e n n . R R . a n d P e n n . C o. o w n e d a ll b u t
$ 1 ,1 7 2 ,4 0 0 .
B o n d s ,— T h e first m o r tg a g e Is in s e r ie s o f $ 8 7 5 ,0 0 0 e a c h a n d s e c o n d
m o r tg a g e o f $ 8 6 0 ,0 0 0 . O f th e a b o v e 1 s t m o r tg a g e b o n d s , $ 2 ,9 1 9 ,5 0 0
and o f th e s e c o n d m o r tg a g e $ 3 ,1 4 7 ,5 0 0 , a n d $ 2 ,6 2 6 ,1 4 0 c a sh , w e r e held
In th e sin k in g fu n d s J a n . 1, 1 9 0 2 .
R e p o r t .— R e p o r t f o r 1 8 9 8 in V . 6 9 , p. 1 2 7 . In 1 9 0 1 p r o fit to le s s e e
w as $ 8 7 1 ,0 6 5 ; In 1 9 0 0 , $ 3 4 9 ,3 0 5 ,— (V . 7 2 , p . 1 1 8 8 V . 7 3 , p . 6 6 3 .)
P i t t s b u r g J o h n s t o w n E b e n s b a r g Ac E a s t e r n R R . — (P a r t
3-ft. g a u g e ). O w n s F r u g a lity t o P h lllip s o u r g , P a ., 3 4 m iles; le a s e s
fo r 9 9 0 y e a rs A lt o o n a & B e e c h C reek T e r m in a l R R ., J u n ia t a J u n c
tio n to A lto o n a , 3 H m iles, g u a ra n te e in g its $ 1 5 0 ,0 0 0 5 p e r c e n t g o ld
b on d s, p r im an d Int. V. 7 3 . p . 81, 139. S t o c k a u th o r iz e d , $ 1 ,5 0 0 ,000; o u ts ta n d in g , $ 1 ,2 0 0 ,3 0 0 ; n o b o n d e d o r flo a tin g d e b t in J u ly ,
19 0 1 , e x c e p t $ 6 0 ,0 0 0 2 0 -y e a r 4 p. c. ca r tr u sts , d a te d J u n e 1 ,1 9 0 0 ,
draw n $ 3 ,0 0 0 y e a r ly f o r th e s in k in g fu n d . Y e a r e n d in g J u n e 3 0 ,1 9 0 1 ,
gross, $ 8 6 ,4 9 1 ; n et, $ 8 8 ,1 0 7 . C h a irm a n o f b o a r d . J o h n F . F in n e y ;
P resid en t, S a m u e l V . L a n g d o n , P h ila d e lp h ia , P a .- (V . 7 3 , i>. 139, 4 4 5 .)
P i t t s b u r g J u n c t i o n R R , ~ S ee V . 6 7 , p. 6 8 8 , 7 8 8 , 9 5 4 . 10 5 6 . B .
& , 0 , Is in c o n t r o l, o w n in g a ll o f th e s e c u r it ie s e x c e p t $ 8 4 5 ,1 5 0 c o m
m on s t o c k , $ 9 5 9 ,0 0 0 first 6 h. $ 2 7 0 ,0 0 0 s e c o n d 5 s arid $ 2 ) 9 ,0 0 0 T e r m i
nal C o. 5s. See B . Ac O. an d V . 6 9 , p. 10 63 , 1102 a n d V. 7 0 , p. 77.
P i t t s b u r g <k L a k e E r i e H R . —O w n s fr o m P ittsb u rg , P a ., to
Y o u n g s to w n . O ., 63 m ile s; b r a n c h lin es to N e w ca stle , P a ., 3 m ile s ; to ta l
o w n e d , 71 m iles (o f w h ich 67 d o u b le tr a c k ); lea ses P itts. M c K e e s p o r t &
Y ough, (w h ich see), 1 0 3 m iles; M a h o n in g S ta te L in o E ft ., 3 m iles, an d
B eaver *, Fit w o o d B R ., 3 m ile s ; o th e r , 4 m.; tota l o p e r a te d , 184 m iles.
O w ns $ 1 3 9 ,8 5 0 s t o c k o f P itts . O h a rtlors A Y ou g h .
P. A L. 14.
is o p era ted in In terest o f L. 8. & M ich. S o., w h ich o w n s $ 2 ,0 5 0 ,0 0 0 o f
stock . T h e s to c k h o ld e r s v o te d on .Jari. 2 8 , 19 02 , to in c r e a s e th e
stock to $ 8 ,0 0 0 ,0 0 0 , to p r o v id e fo r im p r o v e m e n ts , in c lu d in g th e
fo u r-tra ck in g o f the lin o from Y o u n g s to w n to 'M cK e e s p o rt, e tc .,
$ 2 , OOu,0 0 0 o f the n ew sto c k , it w a s sa id , to tie issu ed in J u ly , an d
b a la n c e as r e q u ire d , V, 7 4 , p. 152. R e a l e s ta te m o r tg a g e D eo. 3 1 .
1901. $ 1 6 2 ,5 0 0 .
D i v id e n d s , - j 18 84 to 1 8 0 1 .
1892.
1 8 9 3 to F eb ., 1902,
P er cen t.
/ 6 y e a r ly .
8
10 y e a r ly .
An n u a l R e p o r t .—F o r y e a r e n d in g D eo. 3 1 , 19 01 , g ross, $ 8 ,0 4 7 ,1 6 7 ;
net, $ 1 ,7 8 9 ,1 7 1 ; ta x e s , $ 1 2 9 ,1 9 4 } Interest, $ 2 3 1 ,092: r e n t a l, $ 4 7 7 ,0 1 7 ;
ether, $ 8 ,3 4 6 ; d lv ., (1 0 p. e.i, $ 4 0 0 ,0 0 0 ; e q u ip . $ 5 3 3 ,0 0 0 ; b a h , sur.,
$1 0,52 2. In 19 00 , g r o s s , $ 7 ,1 4 5 ,0 2 3 - -fV . 7 4 , p. I 5 2 , 2 6 8 , HHO.)
P i t t s b u r g L i s b o n dr. W e s t e r n R f . —N e w G a lile o , P a., to L isbon
G ., 25 m iles; tr a c k a g e , 3 m .; to t a l, 28 m ile s. in M ar., 1902, a s y n
Owned—
Miles.
Leased—(Ctmcl.)
Miles,
H ydes to Clerm ont, P a ................ 46
H ornells. Jot. to H o m e llsv ilie ....... 10
Trackage—
Mt. Jew ett to Corryville, P a ......23
Olean to B olivar...........................
18
Hydes to Shawmut, P a...................... 5
A ngelica to W ayland..................... 35
Brockport to Brockwayville, P a .. .. 4
Paines Jet. to Cardiff, P a . . . ____. . . . . 12 Corryvitle, Pa., to Larabee..............
2
Leased—
Cropland to H alton, Pa .................... 13
Total operated .............................. 168
T h e e x t e n s io n s p r o p o s e d t o b e u n d e r ta k e n in 1 9 0 2 in c lu d e : C le r
m o n t to K a s s o n , P a ., 7 '4 m ile s; C o r r y v ille , P a ., t o O le a n J o t., N. Y ., 1 4
m ile s , a n d B o liv a r , N. Y , t o A n g e lic a , 2 3 m ile s.
O r g a n i z a t i o n .— A c o n s o lid a t io n in 1 8 9 9 o f t h e C e n tr a l N e w Y o r k <&
W e s te r n , B u ffa lo St. M a r y ’ s & S o u th w e s te r n R R ., eto.
St o c k a n d B o n d s .— S to c k , a ll c o m m o n , a u th o r iz e d , $ 1 2 ,0 0 0 ,0 0 0 ;
is su e d , $ 6 ,0 0 0 ,0 0 0 ; p a r $ 1 0 0 . O f th e b o n d s , $ 6 ,0 0 0 ,0 0 0 w e r e a u th o r z e d o n th e 2 2 8 m ile s a b o v e m e n tio n e d , b u il t a n d p r o je c t e d ; th e y a re
fu r t h e r s e c u r e d b y first m o r tg a g e u p o n th e 9 ,8 1 4 a c r e s o f c o a l la n d s
o w n e d b y S h a w m u t M in .C o ., w h o s e s t o c k is o w n e d b y th e R a ilr o a d C o.
R e o r g a n i z a t i o n .— O w in g to fa ilu r e in 1 9 0 1 o f M a rq u a n d < C o., w h o
fe
p u r c h a s e d th e b o n d s , r e o r g a n iz a tio n w a s n e c e s s a r y . U n d e r p la n , V . 7 4 ,
p . 3 2 7 (o n ly $ 2 3 2 ,0 0 0 o f o ld $ 6 ,0 0 0 ,0 0 0 5 p e r o e n t b o n d s n o t h a v in g
a s se n te d in J u ly , 1 9 0 2 ,) th e 5 p e r c e n t b o n d s w ill r e c e iv e in e x
c h a n g e d p e r c e n t b o n d s o f a $ 1 5 ,0 0 0 ,0 0 0 issu e, a s f o llo w s : 1 0 p o r
c e n t on w h ic h in te r e s t b e g a n to ru n F eb. 1 ,1 9 0 2 , a n d 1 0 0 p o r c e n t o n
w h ic h in te r e s t w ill a c c r u e fr o m A u g . l , 19 03 . T h e K e r s e y R R ., 12
m ile s, fo r m e r ly le a se d , a n d a b o u t 1 5 0 .0 0 0 a d d itio n a l a c r e s o f c o a l la n d s
a n d m in e r a l r ig h ts w e re p la c e d u n d e r th e n e w m o r tg a g e . V . 7 4 , p.
3 2 7 , a n d C irc u la r , p. 57 8.
E a r n in g s .—O n th e c o m p le t e d p o r t io n , e a r n in g s fo r th e y e a r e n d in g
J u n e 8 0 , 1901, w e r e :
G ro s s, $ 5 0 6 ,7 8 8 ; n e t. $ 2 3 6 ,2 3 4 ; o th e r in c o m e ,
$ 9 ,1 3 5 ; in te r e s t , ta x e s , e t c ., $ 2 8 4 ,O i l ; b a h , d o t , $ 3 8 ,3 4 2 .
O f f i c e r s .— P r e sid e n t, J o h n B y rn e ; 45 W all St,— ( V . 7 l , p . 10 13 , 12 7 0 ,
12 80 ; V. 7 3 , p. 2 3 7 , 6 0 3 ; V. 7 4 , p. 3 2 7 , 5 7 8 ; V. 7 5 , p. 30.)
P i t t s . . S h e n a n g o Ac L u k e E r l © . —S e e B ir r s . B ehhwmmr & L . E r i e ,
P i t t s b u r g V i r g i n i a Ac C h a r l e s t o n R y . —S ou th Pittsburg, I ’ a ..
to B r o w n s v ille . A c ., l ’ a., 8 2 m iles. O per. b y P en n . R R ., w hioh o w n e d
J a n . 1, 15)02, $ 3 ,3 8 2 ,0 5 0 s t o c k , an d ail th e b o n d s , a n d p a y s n et e a r n
in g s as r e n ta l, the b o n d s b e in g p le d g e d u n d e r “ co ll, tru st o f 1 8 8 3 ’ ’
D i v i d e n d s .— / ’ 92. ’ 9 3 . ’ 9 4 . *06 *96. ’ 9 7 . '9 8 . '0 0 , JSK>0. 19 01 . 1902.
P e r c e n t .,.} 5
5
3
5
5
5
5
6
7
7
M a y , 3%
E a r n i n g s . — Y ea r e n d .D ee. 3 1 , 10 0 1 , g ro s s , $ 2 ,9 0 8 ,2 0 8 ; n et, $ i 3 1 2 ,
5 6 5 ; o U ier in c o m e , $ 7 ,5 3 9 ; fix e d c h a rg e s , $ 1 ,0 5 6 ,0 3 7 ; d iv id e n d s (7 p. o .).
P i t t s b u r g Ac W e ste rn ! R R .—(Her Map o f Halt, .1! O h io.) R oad —
O w n s A lle g h e n y , P a., to N ew C a stle, Pa., 0 0 m ile s ; s ta n d a r d -g a u g e
b r a n c h e s to F ox b u rg , 5 3 m iles; 3 -ft. g a u g e lin es to J e w e tt, e tc ., 1()8
m iles; to ta l o w n e d , 221 in. L ea ses an d c o n t r o ls Pitts. C love, dt T o le d o ,
7 7 m .; P itts. P a in e s v ille dt F a ir p o r t , 53 m . : T r u m b u ll <fo M a h o n in g ,11
in.; total sy stem , 3 6 2 m iles,
O f th e n a r r o w g a u g e d iv is io n , F ox b u r g to K an e, 8 3 rnllos, lias b e e n
lea sed fo r a short, term rrom N o v . 1, 10 01 , to the B r a d fo r d B o r d o il <&
Klri7.ua UR. - V. 73, p. 101 1.
120
INVESTORS’
SUPPLEMENT
fVou LXXV,
Bonds—P rinci
INTEREST OR DIVID EN DS.
Miles Date Size, or
pal, W hen Due.
A m ount
of
of
Par
F or explanation o f colum n headings, &o., see notes
Rate per When W here Payable, and by Stocks—Last
on first page o f tables.
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
Dividend.
___________________ R A ILR O A D S.__________________
Pittsburg < Western—See B a l t im o r e & O h io R R .
&
Pittsb. Youngsl. < Ashtab.—Com. stock, $2,000,000 125
&
....
Preferred stock. $ 2,000.000......................................
125
62 1878
Ashta. & Pittsb. 1st M., Y ’n gst’n to A sh t.c*& F P r.
Consol. M. (for $4,000,000) s. f. 1 p .c., not d r.F -'* ' 125 1887
15 1892
Plym outh & Middleboro, 1st M .,int. gu.by Old Col.c*
Pontiac Oxford & North.—1st M .,g.,$400,000.M e.c* 100 1896
42 1894
Pi. Jervis Monticello < N. Y.— 1 st. M., ($225,000) g.C e
&
1st consol, m ortgage, ($75,000) g o ld .....................
42 1896
Portland < Rochester—See B o st o n & M a in e R R .
&
Portland & Rum f o r d F a lls —S tock .............................
64 1896
Consol., now 1st, m ort., $1,000,000, g o ld ..O B .c *
. . . . 1897
Plain bonds, sinking fund, gold, $ 3 5 0 ,0 0 0 .........c
Portland Union Ry. Sta.—1st M., ser. “ A & B ,” gu.s.f . . . . 1887-9
2 1 1891
Port Reading .—1st M .,g., gu. by old P.&R. PeP.c*<fcr
15 1891
Potomac Talley—1st M .$2,000,000, g ,g u M e B a c*&r
40 1898
Potosi < Rio Verde—1st M., $15,000 p. m .,s.f.M o.c*
&
P rosp. P a rk < O. 1.—See St r e e t R a i l w a y S u p p l EMEN T (Bro
&
28 1892
Providence < Springfield—1st M. gold....................c '
&
....
51
Providence < Worcester—Stock (10 p er cen t ren ta l).
&
51 1897
1st M .(refund*g),cur., $1,500,000. V .6 3,p .l064.c*
15 1897
Quaker town d- Eastern—1st m ort., gold G n P . .c *
1902
Quebec Southern—1st M., $12,000 p er m i l e .....___
1902
In com e 5 p. c. bonds, $8,000 per m ile ....... ............
Queen Anne's R R .—l s t m ort,, $12,000 p er m ile.
60 1895
. . . . 1901
P rior lien M., red. at 103 to 1906, then p a r..........
Consol, m ort., $1,400,000 (4 p. c. fo r 3 years)___
1901
In com e m ort., * 6 00 .00 0 .................
...................
1901
Q. O. < K. O. R R —..........................................................
&
....
Quincy RR. B ridge C o —Stock, 10 per cen t rental.
R ailroad Securities - Stock, com ., $10,000,000.......
Pref. stock, 4 per cent cum ., $10,000,000
___
190*2
111. Cent. stk. int. certs, cum.. g.,ser. A .red 1 0 5 Us> —
$50
50
1,0 0 0
1,000
1,0 0 0
100 &c.
10 0 &c.
10 0
1,0 0 0
500 &c.
1,000
1,0 0 0
1,000
1,0 0 0
ok lyn R
1,0 0 0
10 0
1,0 0 0
500
1,0 0 0
10 0
100
10 0
1,000
Status.—R oad sold on Oct. 9 ,1 9 0 1 , under the 2d m ortgage and re
organized as P. & W. RR., B. & O. pledging as part security fo r its ow n
Pittsburg Lake E rie & W est V irginia system 4s the entire $13,500,000 o f new stock, $5,982,000 o f the $9,700,000 first m ortgage 4s of
1887, $81,000 old 6s (all), $136,000 o f 1he $219,000 Pittsburg N ew
Castle & Lake Erie 4s due 1917 and $3,500,000 n ew m ortgage bondR
o f Pittsburg & W estern R R .—V. 73, p. 445, 785.
E arnings.—7 mos.,
July 1 to Jan 31.
S1901-2.........Cross,$2,624,299; net, $916,141
1 1900-1..........Gross, 2,303,641; net,
785,638
R e p o r t .—F or 1899-00 (V. 73, p. 1109), inclu d in g leased lines;
l o J u n e 30—
GrossNet. Other in c. Int. < taxes.
&
B alance.
1900-01.........$4,080,687 $1,534,029 $3,000 $1,078,729 sur.$348,300
1899- 0 0..
3,835,034 1.337,861 3,726
1,076,652 sur. 264,935
- ( V . 73, p. 33, 445, 7 8 5 ,1 0 1 1 , 1 1 0 9 ; V. 74, p. 268.)
P i t t s b u r g Y o u n g s t o w n Sc A s h t a b u l a R R . — Owns K enw ood,
Pa., to A shtabula H arbor, O., 99 m ile s ; Niles to A lliance Junction, O.,
25 m iles; Canfield Branch, 1 m ile ; trackage, 3 miles. Total, 128 miles.
Organization.—Leased August 1, 1887, to Pennsylvania Com
p a n y, w nich Jan. 1,1902, ow ned $375,000 com m on and $1,550,000 p re
ferred stock; rental net earnings. Lease term inable at cither’ s option
D iv id e n d s . >1890. 1891. 1892-95. ’ 96. ’97 to 1900. 1901. 1902.
Com m on, p. ct. > 2*$
3
6 yearly. 6 ^
6 yearly.
6 H M ar , 3 ^
i
On preferred, 1888 to M ar., 1902, 7 per cen t yearly (M. & S.)
B onds.—Bonds of 1887 are reserved to retire 6s.
E a r n in g s .— In year 1901 gross, $2,420,454; net, $923,005;
other
incom e, $14,792; int., im provem ents, etc., $282,704—(V.73, p. 616.)
P o n t i a c O x f o r d Sc N o r t h e r n R R . —Operates road from Pon tiac
M ich., to Caseville, M ich., 100 miles. Successor to P on tiac O x ford &
P o rt A ustin R R ., sold in foreclosu re in 1889. In year 1900 gross, $170,4 0 4 ; net, $ 64 ,96 5 ; interest, $24,000; dividends, $ 4 0 ,0 0 0 ; balance,
sur., $965. Dividends : In 1890, 1 p. c.; 1891, 3 p. c.; in 1892, 4 p. c.;
n 1893, 6 p. c.; ’94, 4 p. c.; ’95, 3 ^ p. c.; 1900, 4 p. o. President, Hugh
Porter, N. Y .
P o r t J e r v i s M o n t i c e l l o Sc N e w Y o r k R R . —Owns P ort Jervis,
N . Y ., to M onticello, N. Y ., 24 miles, and H uguenot to Sum m itville, 18
miles. Stock authorized, $500,000; outstanding, $409,100; par, $50.
June 30, 1901, loans and bills payable, $59,752; ca r trusts, $2,204.
In year ending June 30, 1901, gross, $64,372; def. under oper. exp.,
$22,123.—(V. 67, p. 275; V. 70, p. 946; V. 71, p. 556.)
P o r t l a n d & R u m f o r d F a l l s R y . — Owns R um ford Jet. to Rum ford Falls, 54 m ile s ; branch to Otis Falls, 10 m.; trackage (Me. Cent.)
R um ford to Lew iston, 4 m.; total operated 68 miles. C ontrols Rumfo rd Falls & R angely Lakes R R ., 31 m iles o f track .—V. 69, p. 954.
D iv id e n d s — > 1896
1897
1898
1899
1900
1901
1902
Per cent.
5
5
4
4
6
4
6 June, 3
A n n u a l R e p o r t . —R eport fo r 1900-1 was in V . 73, p. 1008.
Year—
Gross.
Net. In t., tax., etc.
Dividends. B a l.,su r.
1900- 0 1 ..... $461,493
$175,196
$64,480 (5) $65,000
$45,716
1899-00........ 377,178
129,729
59,127 (4\
40,000
30,602
1898-99........ 334,741
150,475
61,576 (6)
60,000
28,899
—(V. 69, p. 954; V. 71, p. 9 1 1 ; V. 72, p. 1188: V. 73, p. 1 0 0 8 .)
P o r t l a n d U n i o n R a i l w a y S t a t i o n . — Stock, $50,000. Bonds
guaranteed jo in tly by B oston & M aine and Maine Central.
P o r t R e a d i n g R R . — Owns 21*21 m. o f road, com pleted in Sept.,
1892, from Bound B rook, N. J., to Staten Island Sound; sidings ana
laterals, 27*79 m.; to ta l,49 00 m. Capital stock authorized $2,000,0 0 0 par $100, all ow n ed b y R eading C om pany, $1,555,000 being deposited
under its general m ortgage o f 1897 and $440,000 under J ersey Central
collateral m ortgage.—(V. 55, p. 5 4 4 ,6 3 9 . 680.)
P o r t R o y a l & A u g u s t a R R . —V . 7 2 , p. 676.
P o t o m a c V a l l e y R R . —Opened in Sept, 1892, P otom ac V alley
June., Md., to Cherry Run, W. Va., on the B. & O., 14 miles, and
from Porters, Pa., to Y ork , Pa., 17 miles; total, 31 miles. C apital
stock, $500,000 ($50 shares). Leased to Western M aryland, the bonds
o f 1941 having principal and interest guaranteed, jointly and sever
ally, b y the W estern M aryland R R. Co. and the Baltim ore < H arrisburg
fc
R y. Co., and being so endorsed. The bonds have a sinking fund o f 7-10
o f one p er cent. E arnings fo r year ending Sept. 3 0 ,1 9 0 1 : Gross, $395,263; net, $233,925.—(V. 66, p. 130.)
P o t o s i A R i o V e r d e R y . — Owns a narrow -gauge road from City
o f San Luis Potosi, M exico, to H acienda A lvarez, 40 miles. Has co n
cessions fo r 99 years, exp irin g N ov. 4 ,1 9 8 5 , when railroad becom es
the p rop erty o f the M exican G overnm ent. Com pany is exem pt from
ta xes and im port duties fo r 15 years. Bonds are su bject to call at 110
and interest on any interest day. Pres., R obert S. Tow ne; Sec., C. J.
N ourse Jr., 27 W illiam Street, N ew Y ork.
P r o v i d e n c e St S p r i n g f i e l d R R . —Providence, R. T., to D ouglas,
M ass., on the New England m ain line, 28 miles. Stock is $517,450 (par,
$100). m ostly owned by the N. Y. New H. & Hart. V. 61, p. 1014. R oad
leased (terms m odified in July, 1896,) to New England RR. till J u ly
1, 1989, at 4 per cent on stock. See V. 63, p. 30, and New E ngland
R R . report V. 63, p. 698. The bonds w ere guaranteed by the N. Y. <
&
New E ngland (since foreclosed ).—(V. 63, p. 30.)
P r o v i d e n c e Sc W o r c e s t e r R R . — Owns from Providence, R. I., to
Worcester, Mass.. 44 miles, o f w hich 5 miles are ow ned jo in tly with
B oston & Providence; branches, 7 m iles; total owned, 51 m iles;
From July 1, 1892, leased for 99 years at 10 per cent per annum on the
stock to the N. Y . N. H. & H artford.—(V. 63, p. 1064.)
$1,333,342 6*2 in ’01 M. & 8 . N. Y ., Farm. L. & Tr. Co.
1,700,000 7 in 1901 M. & 8 . N. Y ., Far. L. < Tr. Co.
fc
1,500,000
6
F. & A. Phila., Fidelity Tr. Co.
1,562,000
5
M. & N. N. Y ., Farm. L. & Tr. Co.
5
225,000
J. < J.
fc
B oston.
400,000
6 g. J. & J. N. Y. M erc’le Trust Co.
225,000
fe
4 ^ g . J. < D.
In default.
N’ e July, ’ 01
5 g. J. & D.
M ch.25*02, 3*9
Moh.25*02, 3 H
i
Aug. 1, 1908
Nov. 1, 1927
Jan. 1, 1912
July 1, 1916
June 1, 1944
June 1, 1916
1,500,000 6 in 1901
992,000
4 g4 g.
350,000
4
300,000
1,500,000
5 g.
1,150,000
5 g.
400,000
6 g.
apid Transit .)
750,000
5 g.
10
3,500,000
4
1,500,000
180,000
5 g.
N*ne Mca.*02
4 gN’ne Mcli.*02
5
(0
330,000
5
732,000
4 to 5
4
(1/
See text.
1,750,000
10
5,200,000
2,800^000
8 ,000,000
4 g-
Portland, Me.
Boston, Old C olony Tr.
B oston and Portland.
P ortl’ d, Me. < Boston.
fe
Philadelphia.
Baltim ore, H illen St*n.
N. Y ., Co.’ s o f., 27 Wm.
J u n e l5 * 0 2 ,1**
Nov. 2, 1926
Aug. 1, 1927
J ly ’ 27, Jan.*29
Jan. 1, 1941
Jan. 1, 1941
Oct. 1, 1918
J. & J. P ro v .,R . I H ospital Tr.
Q .-M .
Providence, Office.
A. & O. Prov., R .I. Hosp. Tr. Co.
J. & J.
Quakertown, Pa.
Q .-M .
M. & N.
F. & A.
J. & J.
J. & J.
J. & J.
A. & O.
J. & D.
M. & S.
Baltim ore.
July 1, 1922
June30’02, 2 ^
Oct. 1, 1947
Jan. 1, 1927
1952
1952
1945
Mch. 1, 1951
J. & J.
B oston.
July i , *02, 5%
Apr. l.* 0 2 ,2%
J. & J. N. Y., office, 120 B*way. Jan. 1, 1952
Q u a k e r t o w n Sc F a s t e r n R R . — Quakertown to R iegelsville,
Pa., 15 m iles. Stock, $180,000, all outstanding; par o f shares, $50.
Y ear ending June 30, 1901, gross, $35,959; net, $19,576. President,
John Jam eson; Sec., H enry S. Funk; Treas , Jam es H. Shelly; Gen.
M gr., A. F. Baker. Office, Q uakertow n, Pa.
Q u e b e c B r i d g e C o .—See V. 7 0, p. 946; V . 7 1 , 6 03.
Q u e b e c C e n t r a l R y . —V. 7 2 ,p. 88 , 1035; V. 73, p. 663; V. 75, p. 30.
Q u e b e c & L a k e S t . J o h n R y . — V. 71, p. 183, 391; V. 72, p. p. 989
V . 73, p. 1208.
Q u e b e c S o u t h e r n R y . —Owns 8 orel, P rovin ce o f Quebec, to
N o /a n , 89 miles; St. Lam bert to St. Francois, with branch, 55 miles;
total, 144 miles.
E xten sion east, 85 miles, to be built in 1902, m aking short lin e be
tw een M ontreal and Quebec; also 30 to 4 o miles from St. Lam bert to
V alleyfield, w ith canal transportation near that point; to be m anaged
in the same interest as the R utland R R . and thus furnish the latter an
entrance into Queoec. See V. 74, p. 95. A consolidation Jan 14,
1902, w ith the South Shore Ry. V. 74, p. 152. Stock is to be increased
to $4,000,000. U nder first m ortgage, p rovision w ill also be made
cov erin g p ortion o f line w hich m ay be double-tracked. President,
H. A. H odge, M ontreal, Can.—V. 74, p. 152, 989.
Q u e e n A n i l e ’ s R R .—Queenstown, Md. to L ew es, D el., and
R ehoboth B each on A tlan tic Ocean, 60 miles. Pennsylvania tracks
used betw een Lew es and R ehoboth, 6 miles; branch, Q ueenstown to
C eaterville, 6 m iles; branch, Queenstown to L ove Point, 12 m , com
pleted A pr., 1902; total, 84 miles.
In 1902 obtained authority to increase the stock (recently $720,000)
to $3,000,000, consolidate by lease or otherwise with con n ectin g rail
roads, a n l issue $30,00-> bonds p er m ile on its entire lin e ; also co ex
tend from a p oin t east o f D enton southerly via Federalsburg, Salisbury
and s n o w H ill to the V irginia State line and thence to ca p e Charles,
Va. —V. 74, p. 206, 728.
Guar. Trust & Dep. Co. o f B alt, is trustee o f first M. In Feb., 1901,
w ere issued $330,000 p rior lien bonds fo r extensions from Queens
tow n to L ove Point, 12 miles, and tojCenterville, 6 miles, ana fo r equip
m ent, etc.; also consols bearing interest at 4 per cent fo r three
years and 5 per cen t thereafter, o f which $732,000 to retire the old
5s, balance to retire prior lien bonds and fo r im provem ents and $600,000 incom e b on d s.—V. 72, p. 283. Y ear ending June 30, 1901, gross,
$138,536; net, $10,784; caarges, $9,522; bal., sur., $1,262. In 1899-0,
def. under oper., $8,864. Net earnings from July 1 to Nov. 1, 1901,
$35,000. President, W illiam H. B osley, B a ltim ore; Sec., A . H. Tay
lo r.—(V. 70, p. 532; V. 72, p. 283; V. 74, p. 20b, 728.)
Q u i n c y C a r r o l l t o n A S t . L o u i s R y . — Owns B arnett to Colum
biana, 111., 52 miles; trackage, B arnett to Litchfield, 6 miles;
Successor to Litchfield C arrollton & West. R R ., foreclosed N o v. 26,
1898 (V. 6 8 , p. 40); V. 6 8 , p. 233. On Jan. 17, 1900, transferred to
D w igh t 0. M organ, o f D w ight, 111., representing the Chicago < A l
fe
ton interests. Stock, $500,000. Y ear ending June 30, 1901, gross,
$39,227; def. under op erat’g expenses, $7,887.—(V. 70, p. 176, 1292.)
Q u i n c y O m a h a Sc K a n s a s C i t y R R . —In 1902 sold to C .B . &Q.
Q u i n c y R R . B r i d g e C o .—Owns bridge 1*43 miles lon g over the
Mississippi R iver at Quincy, 111. Leased Jan. 1, 1869, durm g life of
charter, p robably 100 years, to C. B. < Q. R R . at annual rental of
fc
$175,000, which pays 10 p. c. on stock.
R a i l r o a d S e c u r i t i e s C o .— Organized by interests identified with
the Illinois Central to acquire and hold securities o f railroads. Stock,
com m on, $ 10,000 000; pref., 4 per cent cum ., $10,000,000; outstand
ing, com m on, $5,2u0,000; pref., $2,800,000. The $8,000,000 present
issue o l the int. certificates ($ 20 , 000,000 authorized) are secured by a
like am ount or Illinois Central stock, interest at a 4 per cent cumu
lative rate bein g pas able if received from dividends on the shares
pledged, the stock itself being deliverable to the holders of the cer
tificates at m aturity unless th e op tion to call at 105 is meantime ex
ercised. V. 74, p. 937, 1039. First dividend on p ref., 2 per cent, paid
A pril 1, 1902.—(V. 74, p. 428, 937, 989, 1039.)
R a l e i g k Sc A u g u s t a A i r JLIue R R . >
afiabnftrd Air Line Rv
R a « e i g h Sc G a s t o n R R .
S feee ®eal}0ar(1 * * * Ldne
R a p i d T r a n s i t S u b w a y C o n s t r u c t i o n C o .— See Interbor
ough R apid Transit Co.
R a r i t a n R i v e r R a i l r o a d . — South A m boy to N ew Brunswick, N.
J „ 13 m ile s; branches, 7 m iles; total, 20 miles. Stock authorized,
$ 1 ,000 ,000 ; issued, $382,000; par, $100. Loans payable Deo. 31, 1901,
$25,124. Y ear ending Deo. 31, 1901, gross, $87,207; net, $37,795;
int., taxes, etc., $22,381; surplus, $15,414.—(V. 6 8 , p. 573.)
R e a d i n g B e l t R R . — Belt railroad, 7*4 miles in length, around
Reading, Pa., opened M ay, 19o2. V. 71, p. 751. Stock, $750,000,
all ow ned b y R eading Company. R oad leased to Pliila. < Reading Ry.
te
fo r 999 years from J u ly 1, 1902, at 4 per cent on the stock, interest on
bonds, and ta x e s .- (V. 71, p. 751; V. 74, p. 1090.)
R e a d i n g Sc C o l u m b i a R R . —Owns from Columbia to Sinking
Springs Pa., 40 miles; branches, 14 miles; operates Marietta Junction to
Chickies, 6 miles; total operated, 60 miles. Stock, $958,373 (par, $50), of
which $788,200, together w ith $9,500 1st m tge., $35,000 2d mtge. and
$1,000,000 debentures, are ow ned by R eading Company, all except
$3,200 stock being deposited under its general m ortgage o f 1897.
Y ear ending June 30, 1901, gross, $300,740; net, $197,289; charges.
$119,696; bal., def., $150,7S0.
KAILEOAD
Ju l y , 1902.]
STOCKS
AND
BONDS
121
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered In tbese T ab les.
Bonds—Prinoi INTEREST OR DIVIDENDS.
pal,When Due.
Miles Date Size, or
Amount
of
Rate per When Where Payable, and by Stocks—Last
Par
For explanation of column headings, &o., see notes of
Whom.
Payable
Road. Bonds Value. Outstanding Cent.
on first page of tables.
Dividend.
RAILROADS.
L in e R y .
$382,000
1889 $1,000
5 g- J. & J. H olland Tr. Co., N. Y.
M. & S. Phila., Phil, & Read. RR.
650,000
5
1862 100 &c.
J. & D.
do
do
350,000
5
1864
1,000
1,000,000
6
J. & D.
1877
1,000
750,000
1900
1,000
4 g. M. & S. Phila., Read. Ter. Bldg.
50 70,000,000 All stook in vot’ g trust for 5 years or mo
....
50 28,000,000 4 in 1901 M. & S. N. Y ., J . P.Morgan & Co.
50 42,000,000
1897 lOOO&c. 64^695^000
4 g- J. & J. N. Y ., J. P. Morgan&Co.
23,000,000
4 g. A. & O.
1901
1,000
1,295,000
1900
1,000
4 g- Q .-M . Phila., Girard Trust Co.
___
2,592,000
1899
4 g. J. & J. Drexel & Co., Phila.,Pa.
1,000
3,000,000
1901
4%!g. M. & S. Phila., Read. Ter. Bldg.
___
1,000
1,305,000
4 ^ g . M. & N.
O ld P b i l a . dc R e a d . R R . bonds under LYING G en . M o r t . OF 1897.
500,000
1892
Delaware R iver Terminal Pur. Money M., gold.c*
1,000
5 g. M. & N. Phila., Guar. Trust.
809,000
do
do
1892
1,000
Delaware R iver Term. Ext. Pur. Mon. M., gold.c*
5 g- J. & J.
1,428,191
tBonds and m ortgages on real estate....................
O ld P b i l a . & R e a d . R R . bonds under LYING G en. M o r t . OF 1897.
J. & J. Philadelphia & London.
1,512,700
6
l i s t M., ext. in ’ 60, Philadelphia to Pottsv. $&£ -C
94 1843 $ & £
954,000
6
J. & J. Phila., Read. Ter. Bldg.
94 1844-9 1,000
i Mortgage loans of 1844,1848 and 1849..............c
4 ^ J. & J.
79,000
do
do
{M ortgage loan of 1857 convertible......................o
1857 500 &C.
2,696,000
do
do
1,000
{Mortgage loan of 1868, gold, extended in 1 89 3.c 148 1868
5 g. A. & O.
tConsoL m ortgage ($8,162,000 are goldJ6s).F P .c 254 1871 200 &C. 18,811,000 6 g. & 7 J. & D. Phila., do & London.
9,363,000
tIm pr’tM .,g.,ext. in ’ 9 7 .P e P See V . 65, p. 870, g. 325 1873
4 g. A. & O. Phila., Read. Ter. Bldg.
5,766,500
do
do
1Consol. M .of 1882, g., 5s, ext. ’ 97 (V . 65, p.278)o* 327 1882 500&C.
4 g. M. & S.
8,500,000
{Terminal mort, gold. See Y. 64, p. 8 5 .........c*<fcr
1,000
1891
5 g- Q.—F. Phila., Prov. Life & Tr.
632,406
{Mortgages on real estate.......................................
Raleigh < Augusta — Raleigh < Gaston—S ee S ea bo a r d A
&
&
20
Raritan River RR. -1st mortgage, gold ...................c
Reading < Columbia—1st mort. (ext. in 1 8 8 2 )...c*
£
40
40
2d mortgage, coupon (extended in 1884).............c
Debentures..................................................................c
7 :4
Read'g Belt—lstM .g.,$750,000,gu ,p.& i.en d.G P .c*
R ea d in g C om p a n y—Common stock........................
1st pref. stock, 4 per cent, non-cum ......................
2d pref. stock, 4 per cent, non cum ........................
Gen. M.,$135,000,000,g., s.f.not sub.caU.Ce.c*&r. Text.
Jers. Cent. col. tr. M .g.,red 105 aft. ’0 6 .P eP c*& r
Wilm. & North’n stk. tr. ctfs., g., red. at 105. G P r
Car trusts, $3,600,000, $252,000 s a. beg. 1901.
Car. & mar. trusts, $200,000, s. a .beg. 1 9 0 2 .G P
Equipment trust, ser. C, gold, $87,000 s. a ........
ir
N o t e .— General mortgage o f 1897 requires th at the Read! ng Co.
bonds marked t above.
IT Only $16,000 are 3s.
R e a d i n g C o m p a n y — P h i l a d e l p h i a & R e a d i n g R y . - ( See
Map.)—The Philadelphia & Reading Ry. operates in connection with the
great anthracite coal properties o f the Philadelphia & Reading Coal &
Iron Co. in the Schuylkill region, Pennsylvania, a large system of
roads centering at Philadelphia, extending westerly to H azleton and
■Williamsport on the north, and Harrisburg, Shippensburg and Gettys
burg in Pennsylvania and W ilmington, Del., on the south; also east
erly in New Jersey to A tlantic City and Cape May. on the Atlantic
Ocean, and to tidewater at Port R eading on New Y ork harbor, viz.:
Lines owned in fee.
Miles.
Leased lines—( Con.)
Mil es.
P h il, to M t. C a rb o n , e tc . &
8chuylkill & Lehigh R R ....... 1f43’9
1)r3iHcli6Bi
Phila. Har. & Pitts. R R .........{[47-2
(1 0 4 01 d o u b le -t r a c k e d ).. 1 2 5 -1 3 W ilmington & N oith. R R .. if 88-4
L e b a n o n V a lle y b ra n ch ------Phila. & Reading Term. R R .
1*3
(5 3 -7 4 d o u b le -t r a c k e d ).. .
L ebanon * T rem on t bran ch
M a h a n o y & S h a m o k ln b r a ’ h
( 2 3 8 4 d o u b le -t r a o k e d )...
S c h u y lk ill & S u s q . b r a n e h ..
W est R e a d in g b r a n c h ...........
5 9 -4 4
6 5 -2 8
6 0 -4 7
5 3 -3 7
1-86
Tot.leased (2d track 238-9).634-7
Lines controlled—(See each Co.)
E ntire stock ownedI
—
Chester & Delaware R R .......
5-3
1-6
Rupert & B loom sburg..........
Miadlet’n & Hummelst’n RR.
6-3
Tamaqua Hazleton & N. R R .
9 ’9
Con trolled—
Reading & Columbia R R ___1T39-6
Lebanon & other branches 13-8
Read. Marietta & Han. R R .
6-4
North East Penn. R R ........... 1T25-7
Phila. & Chester Valley RR. 1121-5
Atlantic City RR.&branches 1T167-4
Catasauqua & Fogelsv. R R .. 29-5
Camden County R R ...............
7-3
G etty sb u rg * Harrisb R y ... 1T34-1
Perkiomen R R .........................1138-3
Phil. Newtown & N. Y. R R .. {[21-7
P ort Reading R R ....................1T19-7
Stony Creek R R ...................... 10-1
Phil. & Frankford R R .......... fl 2'6
(if See this com pany.)
T o ta l (2 tr a c k s 1 8 2 m ) . .3 6 5 -5 5
(See e a c h C o.)
C o le b r o o k d a le R R .................... 12-8
P ic k e r in g V a lle y R R ................ 1 1 -2
E a st P e n n s y lv a n ia R R ..........$ 3 5 -4
A lle n t o w n R R ............................ U4-5
L ittle S c h u y lk ill N a v . & R R . $ 3 1 -5
M in e H ill A S ch u y . H a v e n .. 1142-0
M t. C a rb o n & P t. C a rb on R R . IT 2-5
M ill C reek & M in e H . R R — $ 3-8
S c h u y lk ill V a lle y N a v .& R R . U l l - 0
E a st M a h a n o y R R . . ................II10-9
S h a m ok in S u n b u ry & L. R R . 1J31-3
P h ila . G erm a n . & N o r. R R . . . {[2 9 -6
C h estn u t H ill R R ..................... $ 4 0
C a ta w lssa R R ........................... H10 3-0
N o r r is to w n J u n e . R R ............
0 -4
N orth P e n n s y lv a n ia R R ........ U86-2
D e la w a r e & B o u n d B . R R . . . 1133-8
T o t a l c o n t r o ll e d ..................... 4 5 3 -5
T o ta l s y ste m J u ly , 1 9 0 1 (2d tr a c k , 4 7 1 m i le s ) ............................. . . . . 1 , 4 5 4
(IT See th is c o m p a n y .) F r o m th e c o m p a n y ’ s d o c k s a t th e e x t e n s iv e
te rm in a l a t P o r t R ic h m o n d it o p e r a t e s a lin e o f ste a m e rs a u d b a r g e s
in c o a s t w is e c o a l tra ffic a n d p r o v id e s b e r th s w ith e le v a t o r s a n d a m p le
a c c o m m o d a tio n s f o r s e v e r a l tr a n s -A tla n t ic ste a m sh ip lin e s . I n J a n .,
1901, c o n tr o l o f th e C e n tr a l R R o f N e w J e r s e y w a s a c q u ir e d . V . 7 2 ,
p, 86, 3 4 0 , 3 9 2 , 6 7 6 ; V . 7 3 , p. 847.
Lines leased
V o t in g T b u s t , E t c .— Al l c la s s e s o f s t o c k o f th e n e w eom i> an y a re to
be h eld b y v o t in g tr u s te e s (J. P ie r n o n t M o r g a n , F r e d e r ic P . O lc o t t and
C. 8. W. P a c k a r d ) fo r fiv e y ea rs, a n d th e r e a fte r u ntil 4 p. c. ca sh d iv i
dend p e r a n n u m sh a ll be p a id o n th e fir st p r e fe r r e d s t o c k f o r t w o c o n
se cu tiv e y e a r s , th o u g h th e tr u s te e s m a y in th e ir d is c r e tio n s u r re n d e r
the sto ck a t an e a r lie r da te. T h e c o m p a n y m a y , a fte r d iv id e n d s o f 4 %
h ave been p a id o n th e first p r e fe r r e d fo r t w o c o n s e c u t iv e y e a r s,
c o n v e r t th e s e c o n d p r e fe r r e d s t o c k in t o o n e -h a lf first p r e fe r r e d an d
on e-half c o m m o n s t o c k . A s t o r ig h ts , s e e V. 6 4 , p , 7 0 9 . V o t i n g
t r o u t , V. 6 4 , p . 9 5 5 , a n d SUP. o f A p r il, 1 8 9 7 , p a g e 5.
O r g a n i z a t i o n .—T h e P h ila d e lp h ia & R e a d in g R R . (c h a r te r e d A p r il
4 ,1 8 3 3 ; and th© P. & R . C oa l & I r o n Co. w ere s o ld in fo r e c lo s u r e Sept.
23,’ 96, an d r e o rg a n iz e d p e r p l a n in V. 6 1 , p. 11 09 . S e e V. 64, p. 7 0 9 .
In the r e o r g a n iz a tio n the 41 m illio n s o f o ld s t o c k a n d th e 56%
m illions o f old p r e fe r e n c e in c o m e b o n d s w e r e a s sessed 2 0 p e r cen t,
the sto ck th en r e c e iv in g 100 p e r c e n t in n ew c o m m o n an d th e p r e fe r
en ce In com es, c o m m o n and p r e fe r r e d s t o c k in certa in p r o p o r tio n s .
The “ R e a d in g C o m p a n y ” in th e r e o r g a n iz a tio n a c q u ir e d th e s e c u
rity h old in gs, real estate, e q u ip m e n t, e t o . , o f th e old P h ila . A R e a d in g
RR.Co,-, also th e $ 2 0 ,0 0 0 ,0 0 0 s t o c k and $ 2 0 ,0 0 0 ,0 0 0 b o n d s o f th e P b ila
A R eadin g R y. a n d the $ 8 ,0 0 0 ,0 0 0 s t o c k o f th e C o a l * Iron C o., and
avairmy all th is p r o p e r t y Issues its o w n se c u ritie s . Bee V. 6 4 , p. 7 0 9 .
The p r o p e r t y o f th e R e a d in g C o m p a n y , as d istin g u ish e d fr o m th e
p rop erty o f the P h ila. * R e a d in g R y . C o. (w h ich o w n s the ra ilr o a d h u t
no eq u ip m en t), and th e C o a l A ir o n C o., c o n s is ts o f th e f o l l o w i n g ;
R a ilw ay equ ip , lea sed to R y . Co. fo r 8 p. o. y e a r ly .......................$ 1 8 ,0 0 1 ,0 7 8
Real estate n ot a p jm rt. to R R . (ann, r e v e n u e ah ’ t $ 1 7 5 ,0 0 0 ). 1 6 ,5 1 6 ,1 9 9
C olliers and b a rg es lea sed to Ry. Co. fo r $1 15 ,0 0 0 y e a r ly ... 2,1 0 7 ,0 5 0
Phila. * R ea d in g R y. s to ck $ 2 0 ,0 0 0 ,0 0 0 an d b on d s, $ 2 0 ,
0 0 0,00 0 p a r (an n u a l lo t. to R e a d in g C o., $ 1 ,2 0 0 ,0 0 0 ) ___ 4 0 ,0 0 0 ,0 0 0
Phila. A R ead, G oal < , Iron s to ck a t p a r .......................................
V
8 ,0 0 0 ,0 0 0
M iscellaneou s se c u ritie s at. p a r (In 1 8 9 6 y ie ld e d $ 7 0 5 ,0 0 0 ). 0 9 ,2 (1 8 .0 3 ’>
M oris, and g ro u n d ren ts a t p a r (n o t u n d e r ’ 9 0 -’ 9 7 m ort..).
2 0 2 ,7 1 5
Ini. In Phila. * R e a d 'g C oal < , Ir. a b o v e s e c u r it ie s o w n e d . . 7 8 ,7 9 8 ,6 5 4
v
Claim s a g a in st o th e r c o m p a n ie s , e t c ...............- ....... .....................
2,831,1 03
T ota l J ifly 1 ,1 9 0 1 , (b ee V. 73, p. 8 4 9 ) ..............................
$ 2 8 0 ,3 8 6 ,3 3 i
S in k in g F u n d . W h e n e v e r , In a n y y e a r, a d iv id e n d is p a id on th e
stock, an a m ou n t must, be paid s im u lta n e o u s ly to th e tru ste e eq u a l to
5 cen ts p er ton on alt c o a l m in ed by th e Coal A Iron C o m p a n y d u rin g
the preced in g yea r, if the a g g r e g a te o f d iv id e n d s so d e c la r e d e x c e e d s
that sum; o th e r w is e su ch le s s e r sum as sh all eq u a l th e d iv id e n d s n o d e
and Reading Coal & Iron Co.
shall he responsible
Jan. 1,
Meh. 1,
June 1,
Deo. 1,
Sept. 1,
re.
Mar. 10,
1939
1912
1904
1917
1950
’0 2 ,2
Jan. 1, 1997
Apr. 1, 1951
When drawn.
J a n ’ 03-J’ly ’07
Sep.’02-Sep’09
N ov’02-No*v09
May 2 0,1 9 4 2
July 1, 1942
July 1, 1910
July 1, 1910
July, 1910
Oct. 1, 1933
June 1, 1911
Apr. 1, 1947
Mch. 1, 1937
May 1, 1941
for
all
old
d ared. Under this provision $383,525 was set aside in Mar., 1900,
and $433,000 general m ortgage 4s canceled, and in 1901 $366,371 was
paid and $391,000 bonds canceled; in Mar., 1902, $443,000 ,was set
aside.—V. 73, p. 848.
D i v i d e n d s .— Dividends o n 1st preferred l 1 p. c „ paid March, 1900;
©
Sept., 1900, l i s p. c.; 1901, 4 p o. (M&S); in 1902, Mar., 2 p. c.
B o n d s .— The General Mortgage 4s ( a b s t r a c t V. 64, p. 6 1 2 )
are secured b y m ortgage and pledge o f all properties and securi
ties embraced in the reorganization, and also all other property
acquired thereafter b y use o f the new bonds. They have above sinking
fund out of the revenues from the Coal & Iron Company, but are not
subject to com pulsory redemption prior to maturity. The new m ort
gage is also, subject only to the bonds for which reservation is made,
based upon properties or securities o f all the lines o f railroad owned,
including the Philadelphia & Reading Railw ay Company proper,
365 miles; various leasehold lines, 635 miles; all the property o f the
Coal & Iron Company, or the securities thereof, representing nearly
200.000 acres o f coaL and timber land; equipment valued at about $18,000,000, also marine equip. See application to list in V. 64, p. 709.
Furthermore, it has a first lien upon a m ajority of the capital
stock o f various companies in the system ow ning 453 miles o f rail
road, and also on various bonds o f system—list in V. 64, p. 613.
Of the $135,000,000 fours of 1897 $51,457,500 are reserved to take
up undisturbed bonds and $15,500,000 for future construction, equip
ment. 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. e. for 50 years from April 1, 1897, payable in U. S.
gold and guaranteed p. & i. b y 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 ,19 37 , the Reading Co. and Coal & Iron Co. beoomlng
responsible. See V. 65, p. 870, fo r oontraot. V. 65, p. 152, 870.
Terminal mortgage bonds, see V. 64, p. 85 and V. 60, p. 732.
F o r ten-year sinking fund loan see J a n u a r y , 1 8 9 5 , S u p p l e m e n t .
T h e b o n d s w e r e in 1 9 0 2 e x te n d e d t o F eb. 1, 1 9 3 2 , a t 4 p e r c e n t , p r in
c ip a l a n d in t e r e s t b e in g g u a r a n te e d b y th e R e a d in g C o ., a n d th e
s in k in g fu n d r e d u c e d to $ 3 0 ,0 0 0 y e a r ly fr o m F e b 1 ,1 9 0 2 . (V . 7 2 , p ,
2 4 2 ; V . 7 4 , p. 20 6.)
T b e coal trust certificates u n d e r a g r e e m e n t o f M a y , 1 8 9 5 , a re n o t
r e d e e m a b le u n til A p r il, 1 9 0 4 — see V. 6 3 , p . 8 3 8 a n d J a n ., 1 8 9 5 , S u p p .
T h e Philadelphia Subway Loan is p a y a b le a ft e r ten y e a r s fr o m d a te
in 2 0 an n u a ) in s ta lm e n ts , t o s e c u r e w h ic h $ M '0 ,0 0 0 , b e a r in g in te r e s t ,
h a s b e e n d e p o s ite d , a n d $ 1 0 0 ,0 0 0 y e a r ly is b e in g s e t a s id e in m on th lyin s ta lm e n ts . S e e V . 5 8 , p. 1 1 1 0 ; V . 6 2 , p. 9 5 0 ; V . 6 3 , p . 8 8 1 ; V . 7 1 , p .7 5 8 .
T h e Jersey Central collateral trust b o n d s ($ 2 3 ,0 0 0 ,0 0 0 p r e s e n t is s u e )
a r e s e c u r e d b y d e p o s it o f $ 1 4 ,5 0 0 ,0 0 0 C en t. R R . o f N. J . (o o s t $ 2 3 ,2 0 0 ,0 0 0 ) o f th e * 2 7 ,2 1 3 ,8 0 0 s t o c k o u ts t a n d in g , $ 1 ,4 9 5 ,0 0 0 P e r k io m e n
s t o c k a n d $ 4 4 0 ,0 0 0 P o r t R e a d in g R R s to o k , th e r e m a in d e r o f th e
$ 4 5 ,0 0 0 ,0 0 0 a u th o r iz e d b e in g r e s e r v e d t o a c q u ir e th e m in o r it y s to o k
o f th e C e n tra l C o m p a n y . T h e y a re s u b je c t to c a ll o n A p r il 1, 1 9 0 6 , o r
a n y In te r e st d a y th e r e a fte r , a t 1 0 5 a n d In terest, on 6 0 d a y s ’ n o t i c e .
S ee a b s t r a c t o f m o r tg a g e . V. 7 2 . p. 4 8 7 ; V . 73, p. 8 4 7 .
T h e Wilmington < Northern s t o c k tr u s t ot-rtiilca tes a re s e c u r e d b y
6
d e p o s it o f * 1 ,4 9 5 .0 0 0 o u t o f $ 1 ,5 0 0 0 0 0 W. * N. s t o c k .—V . 7 2 , p 3 4 0 .
C a r tru sts o f 1 8 9 9 s e e V . 69, p . 1 3 4 6 ; V . 7 1 , p. 7 5 9 . T h e $ 3 ,2 0 0 ,0 0 0
c a r tr u s ts o f 1901 c o v e r 1 0 p a s s e n g e r a n d 38 fr e ig h t l o c o m o t iv e s ,
1 .0 0 0
ste e l c o a l a n d 5 0 0 g o n d o la o a rs, 5 0 0 b o x o a rs. T h e y a re a d d i
t io n a lly se c u re d b y $ 8 3 3 ,0 0 0 o f th e g e n e r a l m o r tg a g e 4s, c e r t a in
a m o u n ts o f w h ic h m a y b e w ith d r a w n a s th e c a r tr u sts a r e p a id o ff.—
V . 7 2 , p. 8 2 2 .
Co a l P r o p e r t i e s .—1 h ese a g g r e g a te a b o u t 1 9 4 ,0 0 0 a c r e s , as fo llo w s :
T
C o a l la n d s o w n e d (a c r e s )— 9 5 ,1 4 4 I T im b e r la n d s o w n e d (a c r e s ) 7 0 ,4 8 9
C oa l la n d s le a se d ( a c r e s ) ... 7 .4 2 9 I Iron o r e la n d s (a c r e s ).......... 2 1 ,0 0 0
G e n e r a l F in a n c e s . —I n J a n ., 19 0 1 , a m a jo r it y o f th e s t o c k o f th e
C en t. R R . o f N e w J e r s e y w a s p u rc h a s e d . S ee a b o v e a n d V. 7 2 , p. 86.
T h e r e fu n d in g o f th e N orth P e n n s y lv a n ia g e n e r a l m o r tg a g e b o n d s o n
J a n . 1, 19 0 3 , w ill s a v e th e R e a d in g C o $ 1 6 0 ,5 0 0 y e a r ly .— V. 7 3, p. 11 60 .
L a t e s t E a r n in g s .— F ro m J u ly 1 to M a y 31 (11 m o n th s) re s u lts w e re
a s fo llo w s o n b a sis o f p r e s e n t c h a rg e s in b o t h y e a r s :
! 1 farm to > P. ik it. lly.------,
,
---,------ Coal & Iron.------- , Head. Co. All Cob.
May 81.
Oman.
Net
Grime
Net.
Net .
tot at net.
lWI-y...t27,(W0,7f!7 lUO,804,000 *20,827,707 *1,778,000 *005.008 *18,028,20-1
WOO-1... 25,720,830
6,706,827 20,816,388
1,088, J6I
851,1500
11,070,078
OhiiriroK all (J o b . 11 moo. 1001-2.......................* 0,517,000; bslmtoo, »ur., *8,180,205
do
do
1000-1....................... H 700,775; bklOliOO, SUf.. 2,8-0,208
T h e R e a d in g S y ste m a lw a y s s h o w s s m a ll e a r n in g s In th e w in te r
m on th s. T h e la r g e s t e a r n in g s a r c in th e a u tu m n .
A n n u a l R e p o r t . Report, fo r 1 9 0 0 1 w as g iv e n a t le n g th in V , 7 8 ,
p. 8 8 7 , 8 4 8 . Bee a lso e d ito r ia l, p, H I 4.
Years lending June 30.
1901.
1000,
18 99 .
R a ilw a y c o m p a n y — R e c e ip t s ...$ 2 9 ,2 3 4 ,0 1 4 $ 2 7 ,7 8 3 ,7 0 1 $ 2 3 ,7 5 0 ,4 6 1
E x p e n s e s (In o l.re n e w a ls ,© to .). 18 ,5 0 6 ,3 5 1
1 8 ,1 3 4 ,1 9 3
1 4 ,6 8 4 .0 3 8
N ot e a r n in g s ................. .
Ill, 7 7 7 ,8 1 H $ 9 ,0 4 9 ,5 5 8 $ 9 ,1 2 2 ,4 2 3
C oal < . Iron Co, -R e c e ip t,h ........$ 2 8 ,9 1 7 ,8 5 6
V
$2 7,66 4,(14 3 $ 2 3 ,0 4 3 ,8 3 8
E x p e n s e s .......................................... 2 7 ,9 0 3 ,1 4 9
2 7 ,5 0 7 ,5 8 0
2 2 ,7 4 2 ,1 0 3
N et e a r n in g s ...........................
$ 9 2 4 ,7 0 9
$ 3 1 7 ,0 6 8
$ 9 0 1 ,7 3 5
R e a d in g C o .—N et In co m e .........
4 ,8 6 1 ,4 4 4
4 ,3 8 0 ,4 0 4
8 ,3 5 8 ,5 4 8
Net, e a r n in g s all C o s ............ $ 1 5 ,5 8 3 ,0 7 1
$ 1 4 ,3 0 3 ,1 1 5 $ 1 3 ,8 8 2 ,7 0 1
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RAILROAD
J u l y , 1902,]
STOCKS
AND
BONDS.
193
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
Par
Rate per When Where Payable, and hy Stocks—Last
For explanation o f oolumn headings, &o., see notes of
Road. Bonds Value. Outstanding
Cent. Payable
on first page of tables.
Whom.
Dividend.
RAILROADS
R e a d in g ; C o m p a n y —(Concluded )—
Philadelphia City Subway Loan, guar., $3,000,000 . . . .
tP . Ac R .C o a l < I . morts. See list V. 64, p. 619. . . . .
fc
Coal trust oertifi ates, gold. See V. 65, p. 278. . . . .
ICol. s f gold loan (RR.) gu. p & i., ext. in ’0* . . . .
Rensselaer < Sara.—Stock,8p.c.gu.Del.&Hud.(end.) 192
£
79
1st mortgage, consolidated................................o*&i
Richmond Fredericks6. & Potomac—Common stock
Dividend obligations (same div. as com. stock).. . . . .
Stock, guar. 7 p. e., except $19,300 guar. 6 p. o . . . . . .
82
Consol, mortgage for $2,000,000, gold.Ce...o*<fcr
31
R tch.dM eek.—1stM., $315,000, g. (V. 69, p. 3 9 1 ).c
Richmond < Petersburg—See A t l a n t ic C o ast L in E RR.
&
....
Rio Grande Junction—S tock .....................................
62
1st m ortgage, gold, guaranteed.Ce ...................o*
Rio Gr. Sierra M. £ Pac.—1st M. g. ,$20,000 p.m.Ce 156
Rio Gr. Southern—1st M.,g.,$25,000 ) not guar... I 180
180
per m ile.C e................................... Sguaranteed (
....
Rio Grande Western—Com. stock, $15,000,000........
Preferred stock, $7,500,000..................... ............... 657
1stM .lim lt’d t o $15,200,000, g.(V .69,p . 284)Ce.o* 436
1st consol, mort., red. at par, see text, gold. H o.e* 606
33
Utah Cent. lstM .,$650,000,gu .V .68,n . 7 24 ,g M o
Utah Fuel Co., 1st M., $2,000,000, red. at llO .M o . . . .
Pleasant Valley Coal, 1st M., s. f.,red at 115.M o . . . .
River Front—Stock, 5 per cent, guar. Penn. R R ___ . . . .
1st mortgage, guar. p. &1. by Penn. R R ............... 4-62
Debentures
. .......................................................
18
Roch. < Genesee Val.—Stock, 6% rental Erie R R .......
6
Bock Island < Peoria—Stock......................... .............. 118
&
Consolidated 1st m o rtg a g e .M p .............................r 113
Rom e < Clinton—Stock (rental guaranteed)............ —
6
1894-8
’72-’92 $500&o.
1894
1,000
1892
1,000
....
100
1871
1,000
....
100
....
100
....
100
1890
1,000
1898
1,000
$2,720,000 1T3& 3Q
City Treasury.
294,500 5, 6 & 7 Various Phila., Penn. Co. for Ins.
3,600,000
do
do
Q .-J .
6 g.
1,446,000
4 g. F. & A. Phila., Read. Ter. Bldg.
10,000,000
8
J. < J. N. Y., Del. & H.Canal Co.
te
2,000,000
M. & N.
7
do
do
1.316,900 8 in 1902 J. & J. Phila. and Richmond.
1,072,000 8 in 1902 J. & J.
do
do
500,400
7
M, & N.
do
do
500,000
4Ljg. A. & O. N.Y., Phila. orR ich m ’ d.
315,000
J. P. Morgan & Co.
4 g. M. & N.
1904-1921
1902 1904
Apr. 1, 1904
Feb. 1. 1932
July, 1902,4%
May 1, 1921
July, 1902,4%
July, 1902, 4%
May, 1902
Apr. 1, 1940
Nov. 1, 1948
....
100
1889
1,000
1897
1,000
1,000
1890
1890
1,000
....
100
....
100
1889 l,000& c
1899 l,000& o
1,000
1898
1,000
1901
1,000
1898
50
....
1882
1,000
1894
100
100
5,000
188?'
100
2,000,000
1,850,000
2,000,000
2,233,000
2,277,000
10,000,000
7,500,000
15,200,000
10,000,000
650,000
750,000
1,227,000
300,000
212,000
84,000
555,200
1,500,000
450.000
345,360
Feb. 4, ’02, 4%
Deo. 1, 193b
July 1, 1917
July 1, 1940
July 1, 1940
Sept.l, ’00, 5%
Aug. 1 ,’01,1*4
July 1, 1939
Apr. 1, 1949
Jan, 1, 1917
Mob. 1, 1931
July 1, 1928
M ay 1, 1902
May 1, 1912
Dec. 31, 1903
July, 1902, 3%
J u ly l’02, 2*a%
July 1. 1925
July, ’0 2 ,3*e%
R e a d i n g C o m p a n y — (Concluded.)
1901.
1900.
1899.
Fixed charges and taxes.......... $12,920,884 $12,365,115 $12,217,492
Surplus*............................... $2,663,087
$1,938,000 $1,165,209
Accumulated surplus............... $5,172,830
$3,011,758 4..................
Dividends on 1st p re f...........934,735 ( l ^ ) 374,735
...................
General M. sinking fu n d ........
366,371
383,525 .................
Surp. end of year (all cos.). $3,871,724
$2,253,498
...................
Of f ic e k s .—Pres., George F. Baer; Vlce-Pres, and Sec., W. R. Taylor;
Treas., W. A. Church; Comptroller, D. Jones.
Directors—Joseph S. Harris, A . J. A r telo, George F. Baer, John Lowber
W e i t . George C. Thomas, H enry A . D upont, H enry P. M cK ean, Samuel D ick
son. ■ harles Steele.
Office— Reading Terminal Building, Phila.—(V. 74, p. 1309,1356.)
R e n s s e l a e r & S a r a t o g a R R . —R o a d .—Embraces 192 miles, v iz :
Road owned—
Miles.
Leased ( Continued) —
Miles.
Troy to Lake Champlain..... 79
Ft. Edward to Caldwell....... 15
Vermont line to Castleton, V t. 7
Troy to W aterford June., e tc .. 14 Eagle Bridge, N. Y ., to Rut
land, V t ................................ 62
Schenectady to BaJlston...... 15
Leased—
L e a s e .— L e a s e d in p e r p e tu ity M a r ch 1 , 1 8 7 1 , t o th e D e la w a r e & H u d
son, w h ich , J u n e , 1 9 0 1 , o w n e d $ 8 0 0 ,0 0 0 o f s t o c k ; r e n ta l, 8 p e r c e n t
on th e s t o c k a n d in te r e s t o n b o n d s . G u a r a n ty o n s t o c k , V . 5 6 , p . 7 7 3 .
Year.
Gross.
R et (over taxes).
Rentals.
B a l.,d e f.
1900-1............... $ 2 ,6 3 6 ,1 8 3
$ 7 1 4 ,4 2 1
$ 1 ,0 .1 3 ,6 8 3
$ 3 1 9 ,2 6 2
1 8 9 9 -0 .............. 2 .6 5 6 ,0 3 5
8 1 4 ,4 1 5
1,0-19,875
2 1 5 ,4 6 0
— (V. 7 1 , p . 3 9 0 ,1 0 6 6 ; V . 7 2 , p . 9 8 7 ; V . 7 3 , p. 3 3 7 ; V . 7 4 , p . 1 0 8 8 .)
R i c h m o n d Ac D a n v i l l e . —S ee S o u th e rn R a ilw a y C o.
R i c h m o n d F r e d e r i c k s b u r g Ac P o t o m a c E B . - O w n s fr o m
R ich fjon d, V a ., to Q u a n tico , 7 9 m iles; J a m e s R iv e r b r a n c h , 3 m . ; le a se s
Q u a n tico to J u n c t io n , e tc ., 3 m ile s, t o t a l 85 m ile s; t o b e d o u b le -t r a c k e d .
T h e d iv id e n d o b lig a tio n s c a r r y n o v o t in g p o w e r. R ich . & P e te r s b . C on
n ection R R . s t o c k o f $ 1 4 0 ,0 0 0 r e c e iv e s '8 p. e. d iv id e n d s u n d e r le a se .
T h e g u a r a n te e d s t o c k is s e c u r e d h y m o r tg a g e .
T h e R ich m o n d -W a a h in g to n C o. (see b e lo w ) in 1 9 0 1 t o o k o v e r a
m a jo r ity o f th e c a p it a l sto c k , b u t th e “ u n i o n ” lin e o f th a t c o m p a n y
has b e e n o p e r a t e d b y R ich . F r e d . &, P o t . o ffic ia ls s in c e N o v . 1 ,1 9 0 1 ,
an d th e s e p a r a te c o r p o r a t e e x is t e n c e o f th e la tte r w ill b e fu lly m a in
tained, V . 7 4 , p . 149.
D i v s . o n s t o c k & > ’ 9 1 t o ’ 9 3 , ’ 94. ’ 9 5 ’ 9 6 . ’ 9 7 ,’ 9 8 . ’ 9 9 . ’ 00. 1 9 0 1 . 1 9 0 2 .
div . o b lig . p . c. 5 7 y e a r ly . 6*2 7
7 6Q 7
7
8
8
8
E a b n in g s .— 10 m o n th s, 5 1 9 0 1 -2 ..........G ro s s, $ 9 0 2 ,0 7 9 ; n et, $ 3 3 4 ,7 5 6
J u ly 1 to A p r . 30.
< 1 9 0 0 -1 ..........G ro s s , 8 3 5 ,8 0 2 ; n e t, 3 1 3 ,1 9 8
R e p o r t .— R e p o r t f o r y e a r e n d in g J u n e 3 0 , 1 9 0 1 , w a s in V . 7 4 , p.
149, s h o w in g : G ross. $ 1 ,0 6 9 ,7 5 8 ; n e t , $ 3 7 4 ,6 4 5 ; o th e r in c o m e ,* 2 3 ,4 2 0 ;
in terest, $ 4 9 ,5 4 6 ; d iv id e n d s , $ 2 2 8 ,5 2 0 ; m is c e lla n e o u s , $ 6 0 ,0 0 0 ; b a l.,
enr., $ 5 9 ,9 9 0 . I n 1 8 9 9 -0 , g ro s s, $ 9 9 3 ,2 5 2 ; n et, $ 4 2 1 ,2 0 2 ; o th e r in c o m e ,
1 1 8 ,2 1 0 .— ( V . 7 3 , p. 3 3 , 1 0 1 1 ,1 1 1 3 , 1 1 6 1 ; V . 7 4 , p . 1 4 9 ; V . 7 5 , p . 7 8 .)
R i c h m o n d <c M c c k l e n b n r g R R . — K e y s v llle , V a., t o C la rk es5
vtlle, Va., 31 m iles. R o a d Is le a s e d b y S ou th . R y . C o. fo r 5 0 y e a r s
from N o v . 1, 3 8 9 8 , fo r In te re st o n b o n d s . (V . qq , p. 3 9 1 .) S to ck , $ 3 5 7 ,900 (par $ 1 0 0 ), o f w h ic h $ 3 0 0 ,0 0 0 o w n e d b y So. B y . C o .—( V .7 1 , p. 1 1 2 1 .)
R i c h m o n d N l e h o l a w v l l l e I r v i n e Ac R e a t t y v i l l e R R . —S ee
L ou isv ille & A t la ’ie R R . - ( V . 6 9 ,p. 1 8 0 , 6 9 6 ; V . 7 1 , p . 8 5 ; V . 7 2 ,p .7 7 6 .)
R i c h m o n d Ac P e t e r s b u r g R R . —See A tla n tic C o a st L in e R R . C o.
R i c h m o n d * W a s h i n g t o n C o m p a n y .—C o n tr o ls a “ u n io n ” lin e
W a sh in g ton , D . 0 ,, t o R ic h m o n d , V a ,, 1 1 5 m ile s, in th e Joint in te r e s t o f
the f o llo w in g r o a d s , v iz., th e P e n n s y lv a n ia R R .. B a ltim o r e & O h io R R .,
A tla n tic C o a st h im C o., S ou th ern R y ., S e a b o a rd A ir L in e R y . and
C h esapeake & O h io R y .. e a ch o f w h ich o w n s o n e -s ix th o f th e $ 3 ,0 0 0 ,000 c a p ita l s to c k ; o p e r a t io n b e g a n N o v . 1 , 19 0 1 . T h e e n tir e roa d
Is t o be d o u b le -tr a c k e d . V. 7 5 , j>. 78. I n c o r p o r a t e d on S ep t. 5, 1 9 0 1 .
and a cqu ired a m a jo r ity o r th e v o tin g c a p it a l stu ck o f th e R ich m o n d
F redericksbu rg < P o to m a c R R . an d th e e n tir e s t o c k o f th e W a sh in g ton
fc
Southern R y .. th e la t t e r ’s lin e e x t e n d in g fr o m the sou th en d o f L o n g
B ridge a cro ss th e P o to m a c R iv e r t o Q u a n tic o , 3 6 m i l e s .- (V . 7 3 , p, 8 4 3 ;
(V. 78, p. 4 9 5 , 8 4 3 , 1011.)
R i o G r a n d e J u n c t i o n B y . —O w n s r o a d R ifle C reek, C ol., t o a
ton n action w ith th e R io G ra n d e W estern a t G ra n d J u n c tio n , 02 m iles.
This Is a c o n n e c tin g lin k In th e sta n d a rd g a u g e r o u te b e tw e e n O gd en
and D en ver and C o lo ra d o S p rin g s. le a s e d b y C o lo ra d o M id la n d Itn il
r w d (since fo r e c lo s e d arid r e o r g a n iz e d as C o lo r a d o M id la n d R a ilw u g)
and D enver A R i o G ra n d e a t 30 p er c e n t o f g r o s s e a rn in g s, w h ich co m
panics join tly and s e v e r a lly g u a ra n te e d th e b o n d s , prln , am i int. F ir s t
dlv,, 1898, 30 cits.; 1 8 9 9 . $ 1 2 0 ; 10OO,$1 98; 1901, #8 7 5 ; 1902, $4.
Year en din g N ov . 3 0 , 19 01 , g ro s s , $ 0 7 5 ,3 5 0 ; ren ta l, $ 1 7 2 ,6 0 5 . --(V . 0 6 ,
I P. 237.)
R i o G r a n d e S i e r r a J T n d r c Ac. P n e l f l e R I t . —O rg a n ize d In M e x
ico in 1896; in c o r p o r a te d In N. Y. Htate In J u n e , 1897, w h en c o m p le t e d
from Ciudad J u a rez v ia theH an B ias M ou n ta in s, L a k e G u zm a n , H ablnal
and Man Pedro m in in g r e g io n , to C asas G ra n d es, 156 m iles. E x te n s io n
propose d to G u e r re r o , 156 miles, to m e e t th e C h ih u a h u a A P a cific,
.
and a projected lin e to P a c ific Coast,. C a p ita l s t o c k Is $ 3 ,1 2 0 ,0 0 0
($20,000 per m ile) and bonds a re a u th orized a t $ 2 0 ,0 0 0 per m ile, o f
which $ 2 ,0 0 0 ,0 0 0 is s u e d fo r c o n s tr u c tio n to .July, 1 8 9 8
in te r e s t o n
bonds beg an J u ly , 1399. E l P aso S ou th ern R R . o r g a n iz e d to build El
Paso term inals and R io G ra n d e b rid g e .
4 in 1902
5 g.
6 g.
4 g.
4 g.
5 in 1900
5 in 1900
4 g.
4 g.
4 g.
5 g.
5 g.
5
4Lj
4
6
See text.
6
6*4
Yearly.
New York.
J. & D. N .Y.,M ait.,C oppell* Co
N. Y. Co.’ s office.
J. & J.
J. & J. N.Y.,Mait.,Coppell& Co
do
do
J. & J.
Sept. N. Y., Office, 11 B’way.
do
do
Q —F.
J. & J. N. Y ., M orton Trust Co.
N. Y ., M orton Trust Co.
A. & O.
A. & O. N. Y ., office R. G. W,
M & S.
J. & J.
M. & N. A ll owned by Penn. RR.
Phila., Co.’ s Office.
M. & N.
J.30, D.31 A ll held b y Pa RR.
J. & J. N. Y ., b y Erie RR. Co.
N. Y ., C om Exoh. Bank.
J. & J.
do
do
J. & J. Clinton, N. Y., by check
D ir e c t o r s .—President, A. Foster Higgins; Vice-President, Edw in D.
Morgan; 2d Vice-President, A. Gifford Agnew; Secretary, George R o w
land; Sidel Tilghman, John B. Lawrence Jr., W. M orton GrinDell,
Edward M. Shepard and John T. Terry, New Y ork offices are at 100
B roadw ay.—(V. 64, p. 611,1138.)
R i o G r a n d e S o u t h e r n R R . —(See M ap Denver <. R io Grande. ) —
£
Owns narrow gauge from Dallas (new name Ridgeway), Col., on the
Denver & Rio Grande, southerly to Durango, 162 miles, and branhes
to Telluride and coal fields near Hesperus, 18 miles. Stock, $4,510,000; June 30, 1901, *2,255,600 owned b y Denver & R io Grande and
placed in trust. See V. 63, p. 404.
Mortgage trustee, Central Trust Co.; abstraot, V. 54, p. 163, and ap
plication to N. Y. Stock Exchange in V. 54, p. 446. Of the bonds, $2,277,000 form erly owned by the Denver & Rio Grande are guaranteed
by the latter.—V. 70, p. 791. See form o f guaranty, V. 70. p. 1295.
E a r n in g s — For 11 months ending May 31:
11 n o s .
Gross.
Net.
Charges.
B a l.,s u r.
1 9 0 1 -2 ..............................$ 5 3 1 ,8 6 4
$ 2 4 3 ,5 4 4
$ 1 9 9 ,3 4 4
$ 4 4 ,2 0 0
2 3 6 ,3 0 5
1 9 6 ,3 9 2
3 9 ,9 1 2
1 9 0 0 -1 ............................ 5 0 0 ,7 7 1
F o r y e a r e n d in g J u n e 3 0 , 1 9 0 1 , g r o s s ( $ 5 3 9 ,5 2 9 ; n et, $ 2 5 2 ,7 4 9 ;
o th e r in c o m e , $ 6 ,6 9 6 ; in te r e s t , ta x e s , e t c ., $ 2 1 3 ,4 9 3 ; s u r p lu s f o r y e a r
$ 4 5 ,9 5 2 . I n 1 8 9 9 -0 0 , g r o s s , $ 5 2 5 ,1 3 7 ; n et, $ 2 4 3 ,4 7 4 .— (V . 7 1 , p. 3 8 9 . )
R i o G r a n d e W e s t e r n R y . — r See Denv. < Rio Gr. M ap . ) — O w n s C r e
&
v a ss e , C o l., t o O g d en , U ta h , 3 1 0 m ,, t o W a sa tch , B in g h a m , C o a l M in e s ,
e tc ., 1 1 7 m .; S a n P e te jb r a n ch , T h is tle t o M a n ti, 6 2 m ile s ; S e v ie r R a ilw a y
(p r o p r ie ta r y lin e — a ll s e c u r it ie s o w n e d ), M a n ti t o M a r y s v a le , 7 1 m ile s ;
T in tic R a n g e R y . (p r o p r ie ta r y lin e , a ll s e c u ritie s o w n e d )— S p r in g v ille
to M a m m o th , a n d s p u r s, 4 8 m iles; t o t a l o w n e d , 5 9 5 m iles; U tah C e n
t r a l (s t o c k o w n e d ), S a lt L a k e C ity t o P a r k C ity , w it h sp u r , 3 4 m ile s ,
c h a n g e d t o s ta n d a r d g a u g e in 1 9 0 0 .
V . 7 1 , p . 3 4 3 . M in e sp u rs
jo i n t l y o w n e d w it h U n io n P a c ific , 2 m . L e a s e s C r e v a ss e t o G ra n d
J u n c t io n , 18 m . T o ta l o p e r ., 6 6 2 m ile s , b e s id e s 9 m . o f tr a m w a y s .
H is t o r y .—F o r m e d in J u n e , 1 8 8 9 , t o s u c c e e d th e D e n v e r & R i o
G r a n d e W e s te r n , b y p la n o f M a rch , 1 8 8 9 . V . 4 8 , p . 4 2 9 ; V . 5 2 , p . 9 4 1 .
T h e C o lo r a d o M id la n d is c o n t r o lle d b y p a rtie s in te r e s te d s e v e r a lly in
th e R io G r a n d e W e s te r n a n d C o lo r a d o & S o u th e r n .— V . 7 0 , p . 7 3 9 .
I n J u n e , 1 9 0 1 , p r a c t ic a lly a ll o f th e c o m . s t o c k w a s s o ld t o r e p r e
s e n ta tiv e s o f th e D e n v e r & R io G ra n d e a t $ 8 0 p e r sh a re le s s a
p r o p o r t io n a t e sh a re o f b a n k e r ’ s g u a r a n t y a g a in s t lia b ilit y o f c o m p a n y
in su it in v o lv in g t it le t o c e r ta in sp u rs, t o b e h e ld in a s p e c ia l t r u s t
p e n d in g th e o u t c o m e th e r e o f. I n A p r ., 1 9 0 2 , a b o u t $ 7 ,4 5 0 ,0 0 0 o f
th e $ 7 ,5 0 0 ,0 0 0 p r e fe r r e d h a d b een e x c h a n g e d f o r p r e fe r r e d s t o c k o f
th e D e n v e r c o m p a n y o n th e b a s is o f 10 sh a re s o f W e s te r n fo r 11 sh a r e s
o f D e n v e r s t o c k .— V . 7 2 , p. 6 7 6 ; V . 7 3 , p. 13 9.
C a p i t a l S t o c k .—P r e fe r r e d s t o c k is e n title d t o 5 p e r c e n t d iv id e n d ,
n o n -e u m u la tiv e , th e n c o m m o n s t o c k to 5 p e r c e n t , a ft e r w h ic h b o t h
c la s s e s o f s t o c k sh a re p r o ra ta . I n V . 6 7 , p . 4 3 5 , 5 7 9 ; V . 6 9 , p. 4 9 2 , 6 9 5 .
C a s h D i v s .— ) 1 8 9 1 . ’ 9 2 . ’ 9 3 . ’ 9 4 -6 . 9 7 .
*98
’ 99. ’0 0 .
1901.
C om ., p. c. )
..............................................2 p f.s t k . 1 p f. stk . 5
P r e f., p . e . . . 3 %
5 3% N one. %
5
5*a
5
3%s
A ls o p a id in p re fe rre d stock on p r e fe r r e d : I n 1 8 9 1 ,2 *2 % .; in 1 8 9 7 ,4 % .
F ir s t c a sh d iv . o n c o m m o n , 5 % ., paidJSept. 1 ,1 9 0 0 . V . 7 1 , p . 3 4 3 .
B o n d s .—See a b s t r a c t o f 1 s t m o r t. in V, 4 9 , p . 2 3 7 . a n d s t a t e m e n t t o
N e w Y o r k S t o c k E x c h a n g e in V. 5 0 , o . 7 3 ; a lso V . 6 9 , p . 2 8 4 .
T h e firs t consol. 4 s, a u th o r iz e d In 1 8 9 9 , a r e s e c u r e d b y a first m o r t
g a g e , e ith e r d ir e c t ly o r by a ll th e ir s e c u ritie s , o n 1 7 3 m ile s o f b r a n c h
lin es, a n d fu r t h e r b y a s e c o n d lie n o n 4 3 8 m ile s o f m a in lin e a n d .o th e r
r o a d , a n d o n a ll n e w m ile a g e t o b e c o n s t r u c t e d a n d r o llin g s t o c k p u r
ch a sed , in c lu d in g 5 0 m ile s o f b r a n c h e s t o H e b e r a n d c o a l m in e s b u ilt in
’ 9 9 ; $ 1 5 ,2 0 0 ,0 0 0 a r e r e s e r v e d t o r e tir e th e 1 s t 4a, $ 2 ,1 6 3 ,0 0 0 w e r e e x
c h a n g e d f o r $ 2 ,8 5 0 ,0 0 0 tr e a s u r y b r a n c h lin e b o n d s ; $ 1 0 ,0 0 0 ,0 0 0 h a v e
b een s o ld ; $ 8 ,0 0 0 ,0 0 0 w e r e is s u a b le a t n o t e x c e e d in g $ 5 0 0 ,0 0 0 p e r a n
n u m fo r e q u ip m e n t a n d im p r o v e m e n ts . T h e y a re a ls o s e c u r e d b y a
first lie n o n th e e n tir e $ 1 0 ,0 0 0 ,0 0 0 s t o c k o f th e U tah F u e l C o. A d d i
tio n a l c o n s o ls m a y a ls o b e is su e d a t $ 2 0 ,0 0 0 p er m ile f o r fu t u r e
b r a n c h e s a n d e x t e n s io n s o r fo r u n d e r ly in g Hens o f a c q u ir e d r o a d s .
See a p p lic a t io n to lis t In fu ll, V. 7 2 , p. 5 3 7 .—V . 7 2 , p. 7 7 5 , 1189.
E a r n in g s .—F o r 11 m os. e n d in g M a y 3 1 :
11 m o a.
Gross.
Net,
OIK Inc.
C harges.
B a l.. s u r .
1 9 0 1 -2 .. $ 4 ,8 8 0 ,7 5 4
$ 2 ,0 0 6 ,0 7 2
$ 3 3 ,8 1 0 $ 1 ,1 0 8 ,9 2 4
$ 9 3 1 ,8 5 8
1 9 0 0 -1 .. 4 ,4 5 8 ,0 8 1
1 ,5 1 6 ,0 3 0
.......................................................... .........
A n n u a l R e p o r t .— R e p o r t fo r J9 0 0 -0 1 a t le n g th in V . 7 3 , p. 1 1 6 7 ,
1164.
Year end. June 3 0 1901.
1000.
18 90 .
1898.
A v e r a g e m i le a g e ........
662
620
584
506
G ross e a r n in g s .......... $ 4 ,9 0 7 ,2 0 8 $ 4 ,5 1 0 ,6 0 4 $ 3 ,8 5 2 ,0 8 8 $ 3 ,3 6 2 ,2 8 8
N e t e a r n in g s .............. 1 ,6 8 3 ,9 6 8
1 ,7 9 4 ,5 9 5 1 ,2 0 8 ,4 6 4
1 ,2 0 8 ,1 1 2
O th er In co m e .............
5 0 ,4 0 0
2 3 ,2 0 4
.......... ..
........ ..
Net. I n c o m e ..............$1,734,3(58 $ 1 ,8 1 7 ,8 8 0 $ 1 ,2 6 8 ,4 6 4 $ 1 ,2 0 3 ,1 1 2
In terest on b o n d s ........ $ 7 0 8 ,5 1 1
$ 0 8 3 ,0 6 0
$ 6 1 0 ,8 3 3
$ 6 0 8 ,0 0 0
R e n ta l, e t c .......................
1 8 0 ,0 5 4
1 7 2 ,2 7 5
1 7 0 ,7 8 0
1 4 0 ,0 4 3
D iv. on p r e f . . . ...............
3 7 4 ,8 8 8
34 8,56 1
8 3 4 ,8 1 0
3 2 4 ,7 7 8
T o ta l p a y m e n ts . $ 1 ,3 5 1 ,0 5 3 $ 1 ,2 0 3 ,9 0 5 $ 1 ,1 1 6 ,4 2 9 $1 ,072 ,8 21 .
B a la n c e
............ s n r .$ 3 8 0 ,3 15 s r .$ 0 1 3 ,9 8 3 a s r . $ l 6 2 ,0 8 4 s r .$ 2 2 0 ,2 9 1
n F rom s u r p lu s p a id o n c o m m o n s t o c k In Hojit., 1898, 2 p. o, ($ 2 0 0 ,OOO) an d In He.pt., 18 99 , 1 p. o. ($ 1 0 0 ,0 0 0 ), b o th In p referred s t o c k ; in
Hept., )9 0 0 , 5 p. o. ($ 5 0 0 ,0 0 0 ) in cash . (V. 7 3 , p. 139, I I f,7 , I 1 0 4 . )
INVESTORS’
124
SUPPLEMENT,
rvou
lxxv
.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles' Date Size, or
pal,When Due.
Amount
of
Par
Rate per When Where Payable, and by Stocks—Last
For explanation o f column headings, &c., see notes of
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
on first page of tables.
RAILROADS.
Rome Watertown < Ogdensburg—Stock, guar, (end.)
&
97
1st M. .Wat. & R. .Rome to Cape Vin.,s. f..not dr’ n.o*
All
Consol. M.(int. only in gold,$500,000 are 3 k s )F .c .
Oswego Bridge Co. 1st m ortgage............................
17
Syracuse Phenix & Oswego f s t "mortgage. M e ___
13
N'orw’d& M ont. 1st M., g., $360,000; $1(5,000 p.m.
7
R. W. & Og.Term. RR. 1st M., gold, assumed___o*
28
Oswego & Rome [Leased in perper.],lst M., guar.
28
2d M., g., gu. p. & i. (end) by R. W. & O ..C e.c*
Utica &B1. Riv. st’k,7 p. c. perpet. gu.byR .W .& O . 150
U. < B. R. 1st M., $2,000,000, g., gu. p .& i..C e .o 150
fe
Rutland^-Stock, preferred (for com. see t e x t)........ 120
1st m ortgage (also $900 2d 5s)..............................c 120
First consol, mort. for $3,500,000, gold U s .c*<fer 120
Ogd. & L. Ch 1st M., $4,400,000, g., assu.Ce..c* 127
Rut.-Can.—1st M., g., assum., $1,350,000. O B .c* 43 k
59
Benning & Rutland—1st ref. M. g „ assumed.i\.c*r
59
2d M., gold, assum., subj. to cad aft. 1901 Co.c*
58
Chath. & Lebanon Valley, 1st M „ $350,000 g . c
58
Consol. M., $500,000, g.. p. & i., gu a r............. S
__
Equipment trusts, g , maturing $33,000 yearly..
....
Equip, tr. $1,500,666, g., $160,000 y’ly.A H .c& r.
Rutland Transit 1st M.,not guar. (V .70,p.534)O B ...
7
Rutland < Whitehall RR.—Stock (no b o n d s ;..........
£
66
Sag .Tuscola &K a ron —lstM .,g.,gu .,p.& i.,en d.C o.o'
St.O.Mad.dSt.L.Belt.—lstM .,g.,$800,000,r’d.SSt.c* . . . .
8t. Johnsbury < L. Ohampl.—Stock, $1,298,500, pf.
6
1st M., $2,500,000 ($1,328,000 gu. by B.&M.) g.c* 131
St. Joseph < Grand Island Ry.—Common stock ... . . . .
&
1st preferred stock, 5 per cent, n on -ou m .............. —
2d preferred stock, 4 per cent, non-oum ...............
1 stM., g., 2 p.c. 2 yrs., 3 p.o. 3 yrs., then 4.Ceo*&r 251
$100 $10,000,000
5
Q .-F . N. Y., Gr. Cent. Station. M a yl5,’02, I k
1855 100 &o.
M. & S.
do
do
417,800
6
Sept. 1, 1910
1874
1,000
do
do
9,576,000 5 & 3 k A. & O.
July 1, 1922
1885
do
do
100,000
6
F. & A.
July 1, 1915
175,000
1885
F. & A.
do
do
Feb. 1, 1915
6
1886
130,000
do
do
Apr. 1, 1916
5 g. A. & O.
1,000
do
do
May 1, 1918
1888
375,000
5 g. M. & N.
1,000
1865
M. & N.
do
do
350,000
7
May 1, 1915
1891
1,000
do
do
May 1. 1915
400,000
5 g. F. & A.
100
M. & 8.
do
do
’ 68-71
1,103,000
7
Mch.31,’ 0 2 ,3 k
1,000
do
do
July 1. 1922
1890
4 g. J. & J.
1,950,000
....
100
Company’s office.
July 15,’02,1%
9,057,600 3 in 1902 J. & J.
1872 100 &o.
1,059,100
6 (8) M. & N. Boston, Nat. Shaw. Bk. Nov. 1, 1902
1,000
1891
2,440,000
4 i$g. J. & J. N. Y „ U. 8. Mort. < Tr. July 1, 1941
fe
1,000
1898
4,400,000
4 g. J. & J. N. Y. Nat. Bank of Rep. July 1, 1948
1899
1,000
1,350,000
4 g. J. & J. Boston. Nat. Shaw. Bk. July 1, 1949
1,000
1897
500,000
4 k g . M. & N. N. Y., Nat. Bank of Rep. Nov. 1, 1927
do
do
1900
1,000
500,000
Mch. 1, 1920
5 g- M. & 8.
1,000
1899
350,000
5 g. M. & N. N. Y., Nat. B’wav Bank. Nov. 1, 1919
1,000
1901
150,000
4 g. J. & J. N. Y., First Nat’I Bank. July 1. 1951
1,000
1901
do
do
445,000
Aug. 1, ’03-’ 12
4 kg. M. & N.
1902
1,000
1,500,000
4 k g A. & O. Co.’s office or Boston. Oct., 1903-17
1,000
1900
Boston, Mass.
Jan. 1, 1920
666,000
J. & J.
5 g.
100
255,700
Q .-F . 15 Troy, United Nat. B’ nk. May 15,’02, l k
6
1,000
1900
1,000,000
4 g. F. & A. N. Y., C ontin Tr. Co. Feb. 1, 1931
1,000
Jan. 1, 1951
1900
768,000
4 g- J. & J.
50
3,848,500
1,000
1894
2,500,000
5 g. M. & S. Boston, Comp’ys Office. Mch. 1, 1944
100
....
4,600,000 A ll stoc k in vot ing trust for period s tated in text.
100
5.500.000 5 in 1901 J. & J. N. Y., Central Trust Co. July 15,’0 1 ,2 k
....
100
3.500.000
1,000
1897
3.500.000 2-3-4 g. J. & J. N. Y., Central Tr. Co. Jan. 1, 1947
R i v e r F r o n t R K , ~ Junction w ithPhila. & Trenton RR., Lehigh
A ve., Kensington, to D ock 8t., Philadelphia, with branch,; total 4'62
miies. Leased to Pennsylvania RR. for 50 years from May 1, 1882;
rental now $28,000 and taxes, 5 p. e. being guaranteed on stock.
R o c h e s t e r & G e n e s e e V a l l e y R R . —A von to Rochester, N. Y ., 18
miles. Leased July 1,1871, in perpetuity to Erie Ry. Rental, $34,012.
“ R o c k I s l a n d . ” — See Chicago Rook Island & Pacific.
R o c k I s l a n d & P e o r i a R y . —Owns from Rock Island, 111., to
Peoria, 111., 91 m iles; R. I. & Mercer County RR., 22 m iles; branch, 5
miles ; total 118 miles. Leased by the Chicago R. 1. & Pacific for 999
years from June 1, ’ 902. fo r fixed charges and 6 per cent on the stock.
In July, 1902, the Chic. R. I. & Pac. had acquired by exchange, share
for share, fo r its own stock most o f the stock not already owned. Y.
74, p. 1197,1253 ; V. 75, p. 30. In year ending June 30, 1901, gross,
$783,599; net, $01,446; other incom e, $7,303; interest on bonds,
$27,000; taxes, $41,777; div. (5 p, o.), $75,000; bal., deficit fo r year,
$75,030. Dividends at 5 p. c. per annum have been paid; in 1892 an
extra 10 p. c. was paid; in 1896 an extra 5 per cent. President, R. R.
Cable.—(VT 74, p. 1197,1253; V. 75, p. 30 )
R o c k a w a y V a l l e y R R . —V . 70, p. 126.
R o m e & C l i n t o n R R . —Owns road from Rom e to Clinton, N. Y .,
13 miles. Organized in 1869. Leased in perpetuity in 1891 to Delaware
& Hudson Canal Co. and operated by N. Y. Ontario & Western.
R o m e W a t e r t o w n & O g d e n s b n r g R I t . — (See Map New York
Ventral < Hudson River R ailroad.)—Owns from near Niagara Falls to
6
Massena Springs, N. Y., 301 miles, less 27 miles, Richland to East
Oswego, leased from the Oswego & Rome RR. and Suspension Bridge to
Lewiston Jet., 9 miles; and trackage to Suspension Bridge, 2 miles;
Richland to Rom e, 41 miles: branches to Cape Vincent, Ogdensburg,
Pulaski, Fulton, etc.. 110 miles; total owned, 414 miles. Leases Utica
6 Black R iver Railroad ($1,120,000 o f $2,223,000 stock owned), Utica
to Ogdensburg, and Clayton branch, 150 m iles; Oswego & Rom e Rail
road ($202,200 of $214,900 stock owned), 27 miles, and Niagara Falls
Branch RR., 9 m.; Carth. Watert. & Sack. Harbor, 29 m.; total, 629 m.
L e a s e .— In 1891 leased during corporate existence and renewals to
N . Y. Central, which assumes the debt and guarantees 5 p. c. on stock;
guaranty, see Y. 52, p. 463 Utica dt Black River is leased in perpetuity,
7 per cent on stock guaranteed.—(V. 72, p. 1238.)
R u t l a n d R R . —Operates from B ellow ’s Falls, Vt., via Rouse’s
Point, N . Y ., to Ogdensburg, with branches to Bennington, Vt., and
Ticonderoga, N. Y ., etc. Controls Rutland Transit Co., operating steam
ers between Ogdensburg and Chicago, Dnluth, etc. Operates trains
into Montreal from Noyan Jet over Canadian Pacific.—V. 73, p. 958.
RR. Lines Owned.
Miles. I Leased. etc.—
Miles.
Bellow’ s Falls, Vt., to Og|Lines to Ticonderoga, e ie .... 21
densburg, N. Y ................... 279
-------Rutland, Vt. to Chatham N.Y.116 I Total operated......................416
O r g a n iz a t io n .—Leased in 1870 to Central Vermont, but having be
com e independent in 1896 set about developing a system of its own
through the purchase, lease or construction o f the follow ing lines,
which in 1901 were absorbed by consolidation, viz.: Benn. A Rutland,
Rut.-Can., Ogd. & Lake Champ, and Chat. & Leb. Valley. Also owns
entire $100,000 stock and $100,000 4 p. o bonds o f the Rutland &
Noyan RR. and entire $1,000,000 stock of Rutland Transit <to. (See
V. 73, p. 4 3 7; V. 72, p. 88, 822.) In Deo., 1901. W. Seward W ebb ob
tained control. In June, 1902. President Webb’ s option on the Can
ada Atlantic, it was understood, was extended V. 74, p. 1197, 989.
STOCK Preferred stock outstanding, Jan., 1902, $9,057,600. includ
ing $2,790,000o f $3,576,400 sold to stockholders at $90 per share. See
V. 73, p. 1011, 1062; V. 74, p. 95. In Jan., 1902, all but $208,400common stook had been exchanged for pref. on the basis o f ten shares of
com mon for one share of preferred —V. 72, p. 439.
Dividends ) Year ’90. ’91. ’92 to ’ 95. ’96. ’ 97. ’ 98. ’ 99. ’ 00. ’01. ’ 02.
on p ref.... 5 P. C. 3
2 4 yearly.
2
1
2
2
3
4
3
In 1902, Jan., 2 p. o.; July, 1 p. c. V. 74, p. 1356.
Accum ulated dividends on preferred said to aggregate 130 per cent.
B o nds .— Consols of 1891 for $1,365,000 can be issued only in pay
ment of 1st 6s in 1902. V. 66, p. 1190. Rutland-Canadian mortgage
is for $1,350,000 (see advt. in C h r o n ic le of July 15, 1899). Of the
$500,000 Chatham & I.ebanou 4s o f 1901, $350,000 are reserved to
retire the 5s o f 1899 V 73, p. 1061. In 19 12 $1,500,000 4 k per cent
equipment bonds were sold.—V. 74, p. 728.
G e n e r a t . F i n a n c e s .— The Addison RR. is leased for 99 years at 3 p>
o. on the $500,000 stock, of which the Rutland owns $435,000.
E ar n in g s .— For 9 months ending Mar. 31, 1902, gioss, $1,567,727 ;
net, $468,882.
R e p o r t .— R eport for year ending June 3 0 , 1901. in V . 7 3 , p 10 0 7 .
1900-01.
1999-00
Average miles operated...........................
335
297
Gross earnings...........................................
$1,862,236
$1,837,155
Net earnings..............................................
653,809
.
713,233
Total net incom e........................................
674,619
817,726
Deduct—Taxes and rentals.....................
82,467
85,392
Interest on bonds......................
390,783
384,500
Divid. on preferred stook ....... (4%) 169,564
(2% ) 8 4 ,7 e 2
Balance, surplus..................................
$31,805
$263,052
O f f ic e r s .—Pres., W. Seward Webb; Vioe-Pres. and Clerk, H. G. Smith.
Directors.—Percival W. Clement, Rutland, Vt.; Geo. b Ball, Edgar Harding,
Boston. Mass.; John W . Stewart, Middlebury, Vt.: W . Seward W ebo, Shelburne,
Vt.; Chauncey M. Depew, E. V. W. Kossiter, George Bird, S. R. Callaway, N. Y.;
Treas . Clarence Morgan. New York; Gen. Mar., Geo. P. Jarvis.
- ( V . 74, p. 884, 938, 989, 1039, 1090,1197, 1356.)
R u t l a n d & W h i t e h a l l R R . —Owns from New York State line
to Castleton, Vt., 7 miles. Leased Feb. 1, 1870, in perpetuity to
the Rensselaer < Saratoga RR. (rental $15,342—6 per cent—on stock)
fc
and so operated by Delaware & Hudson.
S a g i n a w T u s c o l a & H u r o n . —Owns Saginaw, Mich., to Bad A xe,
66 miles. Stock, $600,000; par, $100. In year 1898-9, gross, $147,4 48 ; net, $45,644; other income, $5,495. Leased to Pere Marquette
RR. for 999 years from Feb. 1,1900, for guaranty o f principal and
interest o f bonds (form V. 71, p. 30) and maintenance.—(V. 72, p. 88.)
S t. C l a i r M a d i s o n & S t. I i o u i s B e l t R R . —Owns bridge com
pleted across the Mississippi River at Alton, 111., in 1894; also 2 miles
o f 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 cent in the new 4s, which are subject to
call at 105 after 5 years, $32,000 having been reserved tor future re
quirements. In 1900 gross earnings were $80,894; net over taxes
and extraordinary expenses, $32,321, V. 72, p. 676. Stock, $500,000;
par $100. Treasurer, L. A. Handy, 300 No. Fourth St., St. Louis, Mo.
—(V. 71, p. 30; V. 72, p. 242, 284, 676, 822, 1081, 1238.)
S t. J o h n s b u r y & h a k e C h a m p l a i n R R . —Owns Lunenberg.
Vt., to Maquan Bay, on Lake Champlain, 120 miles, and branch from
North Concord, Vt., to East Haven, 11 m iles; total, 131 miles. The road
is operated independently although a m ajority of the stock is owned by
the Bpston & Lowell, leased to Boston & Maine. In year 1900-01 gross,
$306,644; net, $2,404; def. under charges, $78,334.
S t. J o s e p h & G r a n d I s l a n d R y . —L in e o f R o a d —St. Joseph,
Mo., to Grand Island,Neb., 251 miles. Trackage, 8t. Joseph to Gower,
Mo., over S. F., 20 mile3, and Gower to Kansas City, over K. C. & Nor.
Conn., etc., 41 miles; total trackage, 61 miles.
H isto ry .—A reorganization Feb. 2 3,1 8 9 7 (per p l a n in V. 62, p.
784,950), of the St. J. & Grand Island Railroad, sold in foreclosure.
Stock .—The voting trust expired Jan. 1 ,19 02 .—V. 73, p. 1314.
D iv id e n d s (p. c .) .................. > 1898.
1899.
1900.
1901.
1902.
On 1st p ref........................... )
5
3
3
5
5
Bonds.—The 1st mort. interest is 2 p. c. 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 com pany cannot be issued to exceed $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. Seelistingin V. 6 4 ,p. 1138
Latest Earnings.—11 months ending May 31:
11 months—
Qross.
Net. ' Int., taxes, etc. B al.,sur.
$384,004
$110,833
$273,171
1901-2.......................$1,2 3s,973
1900-1 ...................... 1,301,955
480,757
96,250
384,507
A n n u a l R e p o r t .—Fiscal year ends June 30. R eport for 1900-01
with balance sheet in V. 73, p. 1059 showed: Gross, $1,399,955; net,
$588,300; interest, taxes, etc., $188,016; div. on 1st pref. (5 p. o.)
$274,880; balance, surplus, $125,404. President, William L. Bull,
Treas., H enry Budge; Seo’y, W. S. Wilson.—(V. 74, p. 380; V. 75, p. 30.)
S t. J o s e p h S o u th B e n d & S o u t h e r n R R . — Owns South Bend,
Ind., to St. Joseph, Mich., 39 miles. A reorganization o f the Indiana
& Lake Mioliigan Ry., foreclosed and sold Dec. 8,1898. V. 67, p. 1263.
Stock, $500,000 com mon and $250,000 5 p. c. pref., to be held for
five years in voting trust. Leased to Indiana Illinois & Iow a RR. foe
50 years from Feb. 23, 1900. at a rental of $20,000 per annum and
taxes. No bonds.—(V. 70, p. 481; V. 73, p. 554.)
M . L a w r e n c e < A d ir o n d a c k « y . —From Malone, N. Y. (on
fc
Mohawk & Malone) to Caughnawaga, 56 miles, connecting there with
the Canadian Pacific at its St. Lawrence R iver bridge for Montreal.
In Feb , 1902, it was understood that interests associated with the St.
Lawrence & Adirondack, and which also control the Quebec Southern.,
had arranged to purchase the Canada Atlantic Ry. and make it part of
a through line from Lake Huron to Quebec, about sOO miles.—iV. 73,
p. 495; V. 74. p. 204, 679.)
S t o c k , $1,615,000, being increased from #1,300,000 by sale to share
holders to take up $300,000 debentures issued for equipment.
Dividends, 2*2 P- c., paid Sept. 1 ,1 9 0 1 ; in 1902, March, 2 k P -&
Bills payable June 30,1901, $203,339; equipment trusts, $104,918_
E arnin gs .—3 mos., >1901.................... Gross, $60,022; net, $29,950
Oct. 1 to Doc. 31.
51900 .....................Gross, 48,030; net, 30,083
Report for year end. June 30, 1901, in V. 73, p. 840, showed: Gross,
$223,330; net, $104,918; other income, $10,346; charges, $81,536 ;
dividend (2 k p. o.), $32,500; bal.. sur., $9,254. President, W. Seward
Webb.—(V. 74, p. 42, 207, 989; V. 75 p. 78.)
St. L o u t * B e lt A T e r m i n a l R y . —To own a double-track ter
minal road extending fr o m Carondelet, in St. Louis County, around
St. Louis to the Eads Bridge, 21 miles, chiefly for through freight, in
the interest of the Missouri Pacific, the St. Louis & San Francisco and
the Inter-State C a r Transfer Co. Incorporated in Missouri on Mar. 14,
1902. Stock authorized, $3,000,000, of which $800,000 preferred
Bonds to be $3,000,000 30-year 4s, of which $1,250,000 to be issued
at once for construction. In July, 1902, leported as acquired by the
Terminal RR. Association o f 8t. Louis.
President, W. K. K avanaugh; Vice-President and General Manager,
Russell H arding; Sec. and Treas., J. Y. L o c k w o o d . — (V. 7 4 , p.681,7/o.)
]
J u l y , 1902
KAILKOAD
M acon
P a lm y ra ,
HannibaK
s r.
B u d ilin
STOCKS
AND
BONDS.
125
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1
SOUTHEASTERN R. R.
A N D
C O N N E C T IO N S .
196
INVESTORS’
SUPPLEMENT.
[V o l . L X X V
Bonds—P r in c i
INTEREST OR DIVIDEN DS.
Miles Date Size, or
pal, When Due.
A m ount Rate per When
of
Par
For explanation o f colum n headings, Ac., see notes
of
Where Payable and by Stocks—L a s t
Road. B onds Value. Outstanding Cent. Payable
on first page o f tables.
Whom. •
Dividend.
R A ILR O A D S.
St. Law rence & A d irond ack Ry.—Stock, $1,615,000
1st m ortgage, $800,000, g o ld .C o ........................ c*
2d m ortgage, $400,000, g o ld .C o .............................
St. L ou is B ridge See T e r m . R R . A ss ’ n o f St L o u is
S t Louis < Cairo—See M o b il e A O h io .
&
St. L ou is & Sulf—St. L. Ken. A So., 1st M., gold..c*
P em iscot D iv. 1st m ortgage, gold S S t...............c*
K ennett A Osc. R R . 1st M., g.,in t. rental S St..e*
St. Francois V alley, 1st m ort., gold, int. ren ta l..
Other bOLds, etc., assumed (V. 74, p. 1039)....... .
S t L ou is Kansas & N orthern—See W a b a s h R y .
S t L. K an. City & C o t—1st M , $20,000,000, g 8 st.
St. L. M dbS.—1st M .#$13,000,000, g r e d .l0 5 o B .c *
S t L ou is Merck. Br. T erm —1st M., gu.p. A i., g .S S t.c
M erch.B’ge 1st M ., red. aft. Feb. 1,1909, at llO .S S t
S t L . & No. A rk .—1st M., g., $25,000 p. m .tex t.U s
St. L o u is & S a n F r a n .—Com. stock,*$64,000,000
1st preferred stock, 4 per cent, n on -cu m ___ i —
2d pf. stk. 4% n.-cu. $ 31,000,000.............................
R efunding m ort., gold, $85 ,00 0 ,00 0.M o .......c*<fer
U n d e r l y in g b o n d s .
1896
1896
$100
1,000
1,000
20
25
20
10
.
56
56
1891
1894
1897
1899
1,000
1,000
1,000
1,000
105
....
....
....
1,691
i;6 9 1
1,691
1,902
135,000
150,000
80,000
50,000
740,000
6
6
6
5
g.
gg.
g.
1.000
1901
3,030,000
4 g.
1902 l.OOOAc *3,834,000
4 g=
1890 500 Ac.
3,500,000
5 g.
1889
1,000
6
2,000,000
1900
(1)
5 g.
100
27,408,700
100
....
5,000,000
4
....
100
16,000,000 See text.
1901 l,0 0 0 A c a40,514,000
4 g.
=
St. Louis, Mo.
do
do
Chicago, HI.
J. A J. N.Y., M orton T r.A St.L.
J. A J. N. Y ., Com p’y ’s office.
A. A O. N .Y .,F ’rsL.A Tr. A St.L.
F. A A. N. Y ., Farm. L. A Tr. Co.
See te x t
See text
J. A J.
2,052,500
6 g. M. A N.
143,000
6 g. F. A A.
211,000
6 g F. A A.
9,532,000 5 A 6 g. J. A J.
441,000
5 g. A. A O.
1,595,000
4 g. J. A J.
$830,000
5 g. A. A O .
149,000
4 g. A. A O.
Feb.
A pr.
June
Jan.
1,
1,
1,
1^
1921
1914
1917
1919
Ju ly
Jan.
Oct.
Feb.
1,
1,
1,
1,
1951
1952
1930
1929
Ju ly 1 , ’ 0 2 ,1 %
Checks mailed.
do
June 1, ’0 2 ,1 %
N. Y ., M orton Tr. Co. Ju ly 1, 1951
N. Y ., M ercantile Trust.
do
do
N. Y ., U nited States Tr.
N. Y ., M ercantile Trust.
N. Y ., Union Trust Co.
N. Y., M ercantile Trust.
N. Y ., M ercantile Tr. Co.
o
'd
1876 100 Ac.
1.000
1879
1,000
1880
1,000
1881
1,000
1887
1,000
1896
1897 $1,000
1899
1,000
F. A A.
A. A O.
J. & D.
J. A J.
o
d
294
2d m ortgage (now 1st), Series A, B & C, g o ld —
82
Mo. A W. D iv. 1st M ., g. ,$5,000yearly dr. at 1 0 5 .. c*
St. L. A San F. col.trust gold, s. f . n ot d raw n . U s . o* 104
....
Gen.M.,g. (ls to n 365 m .)$3,715,000 are 6s. U se*
Collat. Trust m ort. on branches, gold C n ....c *
57
Consol, m ort., $50,000,000, gold, no op tion .M e 1,691
Southwest D iv. M. $1,500,000 red. at par, g. C e c* 112
103
Cent. D iv .ls tM ., g,$3,462,000,red.at 102*3.C o.c*
$1,615,000 See text. M. A S
Mch. 1,’ 02, 2*a
800,000
5 g. J. A J. N. Y ., Cont’l Trust Co. Ju ly 1, 1996
400,000
6 g. A. A O. N. Y ., C olonial Trust Co. Oct. 1, 1996
Nov.
Aug.
Aug.
Ju ly
Oct.
July
Oct.
A pr.
1,
1,
1,
1,
1,
1,
1,
1,
1906
1919
1920
1931
1987
1996
1947
1929-
* In A pril, 1902, $87,000 Southern M issouri & Arkan sas bo nds wer e outstandin g.
a E x clu sive o f $3,285,000 additional in treasu ry o r d eposit ed in sp ecia l trusts; fo r unde rlyin g b onds deposited as secur ity, see text.
S t . L o u i s & C a i r o R R , - See M obile & Ohio R R .—(V. 70, 532.)
S t . L o u i s & G u l f R y . — On com pletion in August, 1902, o f the 17
m iles from Paseola to Caliposa, Mo., w ill exten d from Cape
Girardeau, Mo., southerly to Leech ville, A rk., 120 miles, w ith branch
from Caligoa via Cam pbell to C aruthersville, 55 m iles, and other
branches, 37 m iles; also has under con struction from M alden, M o., to
Clarkton, 8 miles; total o f all, 220 m iles. A southerly extension w ill
be built from L eech ville to a con n ection with the C hoctaw Oklahoma
& G ulf R R , m aking a continuous short and lo w grade line from Cape
Girardeau, Mo. A consolidation on M ay 1, 1902, o f the St. Louis
K ennett & Southern RR. and allied lines con trolled b y Louis H ouck
and associates. V. 74, p. 938, 1039.
Stock authorized, $ 5 / 00,000. No bonds are to be issued at present,
but the debt assumed, m ostly, if n ot all, in bonds, am ounted to $1,
155,000.
President, Louis H ouck, Cape Girardeau, M o.—(V. 74, p. 9 3 8 ,1 0 3 9 .)
S t . L o u i s I r o n M t . & S o u t h . R y . —S ee M o . P a c . R y . S y s t e m .
S t . L o u i s K a n s a s C i t y & C o l o r a d o R R . — Forest Park (St.
Louis) to Belle, M o., 105 m iles; branch, 3 miles; trackage, F orest Park
to U nion Station, St. Louis, 4 m.; also under con struction w esterly 76
m iles to and b eyond Versailles, M o.; projected thence w est to Kansas
C ity, 120 miles. In M ay, 1902, the C hicago R ock Island & P acific R y.
acquired the road and is extending it to Kansas City to form lo r the
R. 1. a lin e into St. Louis. V. 74, p 938; V. 7 5 ,1 3 6 . Stock authorized,
$>20,000,000; outstanding A pr., 1902, $1,939,800: par, $100. B onds are
issuable at $30,000 p er m ile o f m am line. President, Wm. B. Leeds,
Chicago, 111.; Sec. and Treas., W. P. K ennett.—(V. 72, p. 33; V. 74, p
938; V. 75, p. 7 8 ,1 3 6 .)
S t . L o u i s K a n s a s & S o u t h w e s t e r n R y . —V . 7 3 , p. 9 0 0 .
S t . L o u i s K e n n e t t & S o u t h e r n R R . —M erged in M ay, 1902,
w ith the St. Louis A G ulf Ry.
S t. L o u i s M e m p h i s & S o u t h e a s t e r n R R . —(See M ap)—To e x
tend from St. Louis, at a con n ection w ith St. Louis & San Fran. R R ., to
Luxora, Ark., w ith branches, in all about 420 miles, form in g in co n
nection w ith the St. L. & S. F. R R ., with which a trackage and traffic
con tract has been made, the shortest line betw een Birm ingham ,
M em phis and St. Louis. Of this, 266 miles are com pleted, and balance,
154 miles, including extension from Cape Girardeau. M o., to St.
Louis, 120 miles, are under construction, to be com pleted in 1902.
O r g a n iz a t l n .—A consolidation in January, 1902, o f the Southern
M issouri A Arkansas R R ., Cape Girardeau A Northern Ry. (V. 73, p.
1161), H oxie Pocahontas & Northern R R (V. 73, p. 958), St. Louis &
Memphis Ry. and part o f Chester Perryville & St. G enevieve Ry.,
and to build exten d on s named above. Stock authorized, $12,500,000,
o f w hich the St. Louis A San Frai cisco ow ns a part. V. 74, p. 1140.
B onds . - O f the 4s o f 1902 (present issue lim ited to $8,530,000) $5,000,000 have been underw ritten by N ew York, St. Louis and Boston
capitalists. On Mar. 3 1 ,1 9 0 2 , on ly $87,000 South Mo. & Arkansas
bonds rem ained outstanding. V. 74, p. 207, 268.
O f f ic e r s .—Chairman o f Board, F rederick Prince; President, New
m an Erb; Vice-President, E. F. B lom eyer; Secretary and Treasurer,
Van R. Caldwell. D irectors, V. 74, p. 9 5.—(V. 74, p. 9 38 ,11 4 0.)
S t . L o u i s M e r c h a n t s ’ B r i d g e T e r m i n a l R y . —O r g a n i z a
t i o n . -D ou ble-track road from near Union D epot, via Main Street, H all
S treet, A c., to Ferry Street, opposite the Merchants* Bridge, 7 miles. It
ow ns and con trols the Madison 111. A St. L. R y., connecting the tow n
o f Madison and E ast St. Louis, 8 m ile s ; total, 15 miles. Leases M er
chants’ B ridge fo r interest on the Bridge Com pany’ s $2,000,000 bonds.
Stock authorized, $3,500,000; issued to Ju ly 1, 1899, $2,939,500;
par, $100. On Dec. 3 1 ,1 9 0 0 , there w as due to Term inal R R. o f St. L.
$1,008,489 fo r advances under its guaranty. In N ov.. 1893, Term inal
R R . A ssociation o f St. Louis acquired con trol o f this com pany and
guaranteed by endorsem ent the principal and interest o f its $3,500,000
first m ort. bonds and the interest on $2,000,000 M erchants’ B ridge 6s.
The 6s are subject to call a fter 20 years at 110 and interest.
E a r n in g s .—Y e a r 1900, g ross, $762,510; n e t o v e r ta x e s a n d ren ta ls,
$188,344; in terest, $193,270; deficit, $4,926.—(V. 62, p. 3 6 2 .)
S t. L o u i s & N o r t U A r k a n s a s R R . — Sellgman, Mo., con n ectin g
with the St. Louis & 8an F rancisco R y., to H arrison. Ark., 6 8 ^ miles;
extension from H arrison to Leslie, 60 miles, to be com pleted in A u g.,1902.
Successor by purchase Feb. 1 ,19 00 , to E ureka'Springs Ry. In A pr.,
1901, extension was com pleted to lead mines at H arrison, A rk., 50 m.,
a new first m ortgage to secure $3,212,500 5 p. c. 50 or 100-year gold
bonds on entire proposed line of 128 ^ m iles, at $25,000 per mile,
being filed per plan V. 69, p. 645. S tock ,$1,250,000; par, $100. “ New
securities w ill not be issued until entire projected line is built.” Loans
and bills payable June 3 0 ,1 9 0 1 , $57,363. E leven mos. ending May 31,
1902, gross, $214,516; net, $100,685. In year ending June 30, 1901
(28*3 miles), gross, $118,174; net, $42,251; taxes, $ 2,7 28 ; bal., sur.,
$39,523.— (V. 70, p . 281; V. 72, p. 45; V. 73, p. 900).
S t. L o u i s Sc O k l a h o m a C it y R y . — See St. Louis A San Fr. R R .
S t . L o u i s Sc S a n F r a n c i s c o R R . —( See M ap.) —
O r g a n iz a t io n — Organized June 3 0 ,1 8 9 6 , to succeed to the p roperty
and franchises of the Railw ay com pany sold in foreclosu re and reor.
per p l a n in V. 62, p. 829 and 1140—see also p. 742. Central D ivision
o f Atl. .A P ac., 112 miles, was purchased in July, 1897.—V. 65, p. 150.
The Kansas City F ort Scott A M em phis R y., Kansas City, via M em
phis, Tenn., to Birmingham, A la., with branches, a total o f 768 m iles,
was acquired in 1901; its entire stock is ow n ed and road leased fo r
interest on bonds and 4 p er cen t on p referred stock trust certificates,
the n ew refunding bonds being guaranteed, principal and interest.
See K. C. F ort Scott & Mem. in this S u bplem e n t , and V. 72, p. 438,
532, 5 81 ,1 2 3 8 . In May, 1901, acquired over 90 per cen t o f the stook
o f the Ft. W orth A R io Grande R y., F ort W orth to B row n wood, T ex.,
146 miles. The M exican Central R y., is con trolled b y an allied syn
dicate, but the tw o system s are in all respects separately operated.
V . 75, p. 30.
The St. Louis & Oklahoma City R y.C o., Sapulpa, Ind. Ter., to Okla
hom a City, 103 miles, was purchased in 1899. V. 68, p, 332, 674.
R o a d .—A s show n b y the m ap, the system em braces:
Lines owned—
Mites.
Trackage—
M ilts.
St. Louis, M o., to Paris, T ex . 584 K noche Jet. to Kansas C ity..
4
Springfield, M o., to K noche
D enison to Sherman, T e x _
_
9
Jet. (Kan. C ity), M o........... 186
1,915
Monett, M o., to Oklahoma
Leased—
City, O. T ................................ 261 K . C. Ft. Sc.A M. and trackage 853
Sapulpa, I. T., to Denison,
B lack w ell E nid A S ou th w ...
85
T e x ........................................... 198
Ocerated independ enily—
Peirce C ity,M o.,to E llsw ’ h,K. 323
Kan. City Mem. & Bi r m. . . .
286
Beaumont, Kan., to B lack79 R ed R iv. Tex. & south, (incl.
well. O. T ...............................
32 m. track to Ft. W orth )..
87
Branches in Missouri, K an
269 F ort W orth & R io G rande.... 146
sas and A rkansas.........
T otal system A pril 1 ,1 9 0 2 ............................... _ .......................... 3,372
In Jan., 1902, extension was com pleted from Sherman to C arrollton,
T ex., 55 m iles, w hence trackage over St. Louis Southwestern affords
entrance into Ft. W orth and con n ection with Ft. W orth & R io G rande.
In June, 1902, the Oklahom a City & W estern Ry. was under con
struction as an extension from Oklahom a City southw esterly via
Q.uanah to A cm e, T ex,, about 200 m iles, o f w hich Oklahom a City to
Chickasha, 40 miles, com pleted. The Birm ingham B elt R R ., ow n ing
16 miles o f track around Birmingham, A la., w as purchased; also con
trol o f the Arkansas & C hoctaw R y . p ro je cte d from H ope. A rk ., to
A rdm ore, Ind. Ter., 223 miles, o f w hich 95 m iles com pleted in July,
1902. V. 74. p- 1197; V. 75, p. 75.
H as trackage and traffic con tract w ith the St. Louis Memphis &
Southeastern RR., o l whose stock part is ow ned, and w hich when com
pleted w ill give the St L. & S. F. a short through route from St. Louis
to Birm ingham . V. 74, p 1140.
S t o c k .— In May, 1901, an increase in the stock from $50,000,000 to
$100,000,000 w as authorized ($15,000,000 o f the new stock b ein g 2d
pref.) in connection w ith the authorization o f the refunding m ortgage,
in order to com ply w ith existin g law s. N one o f the additional stook,
it is understood, w ill be issued at present. V. 72, p. 723, 1081.
The
com pany reserves the righ t at any tim e to redeem
either or both olasses o f its preferred stock a t p ar in cash. Provisions
o f the pref. certificates w erein Su pplem en t o f A pril, 1897, page 6.
D ividends.—
1897
1898.
1899.
1900.
1901,
1902.
First p referred .........2 p. ot. 4 p. ot. 4 p. ct. 4 p. ct. B elow . Below.
Second p referred .................. 1 p. ct. 2 p. ct. 2 p. ct. B elow . Below
In 1901, on first preferred, Jan., 2 p. o.; July, 2 x> c.; Oct., 1 p. o.;
.
1902, to Ju ly, inol., 1 p. c. quar. (Q.-J.); on secon d preferred, 1901 r.
Mar., 1*3 p. o ; Sept.. 1 p. o., Dec., 1 p. c.; 1902, M ar., 1 p. c.; June, 1
p. c. In latter h a lf,o f 1901 dividends on both preferred stocks were
cnanged from semi-annual to quarterly.
Bonds —Consol, m ortgage o f 1896, see a b s tr a c t in V. 64, p. 186.
The refu n din g 4s o f 1901 are lim ited to $85,000,000, o f which $62,500,000 w ere reserved to refu n d the underlying bonds and the re
m ainder for extensions, acquisitions, im provem ents, etc. On Deo. 1,
1901, $37,182,500 o f the $51,589,000 old bonds, including the entire
issues o f the Kansas City D ivision (147 miles) and St. Louis Oklahoma
A Southern R y. (Sapulpa to Denison, Tex., 197 miles), together with
$3,044,000 Fort W orth & R io Grande R y. stock, had been deposited
under the m ortgage; when the rem aining $15,406,500 are ex
changed the refunding issue w ill becom e a first and on ly d ireot or
collateral lien on 1902 m iles o f road. Of the underlying bonds out
stauding $2,052,500 (first m ortgage on the line from Paciflo t»
Seneca and branches, in all 294 miles) mature in 1906 and $1,642,000
are subject to rtdem p tion at the com pan y’s option on short notice.
The underlying bonds, w hich w ere deposited on June 1,1902, as addi
tional security under the refunding m ortgage, and w hich are technic
ally kept alive, w ere as follow s:
A. B. & C. 6s o f 1906............. $3,637,600
M o. & W . D iv. 6 s ......................
867.(00
St. L. W ich. & W est. 6s.......... 1,686,000
Trust 6s Of IbSO ......................
723,000
Kt. S cott & V an Buren Br. 6s. 174,000
Gen. m ort. 6s o f 1881............... 4,092,000
do
5s ........................... 6,474,000
Trust 5s o f 1887 ........................
658,000
Southw est. D iv. 5s...................
Cent. Div. 4s.
......................
St. L. Okla. & So. 4s (all)........
Kansas City D iv. 4s (ail)........
do
do
3s (all)____
N orthwest. D iv. 4 s..................
Consol. 4s.....................................
$670,000
4,660,0$2
2,834,000
970,000
1*249.000
6,276,000
G e n e r a l F in a n c e s .—A s to new a cq u isitio n s in 1901 see “ organ ization ” above.
The votin g trust was dissolved July 1 ,1 9 0 1 .
Stockholders o f record June 30, 1901, subscribed to $11,650,000
4 per cent gold refunding m ortgage bonds o f the Kansas City Fort
Scott A Memphis Ry. due 1936, guaranteed principal and interest by
the St. L. A S . F , and $13,510,000 in 4 p er cen t preferred stock trust
certificates o f the K. C. Ft. S. a M. issued against the preferred stoo*
deposited in trust.—V. 72, p. 1238. See K . C. Ft. 8. & M.
R A IL R O A D
J u l y , 1902,]
ChamI
STO C K S
AND
BONDS
12?
Mitchell
Sioux Falls
Armour
istrong
heldon
Canton
CVxieu.
lalmar
ason
Spencer
Scotland
MADISO
Yankto:
^Ackley
Yerdigre
FondaY
—
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Sioux City
Stuart
OINeill
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l\
\
\
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.
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Oakdale
[arshanto-
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Norfolk.
Bulk*
1
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Cedar Raps.
'arrlngton
Herndon'
Humphrey
lb ion
Clinton
Callawa,
Atlanti
Schuyler
Menlo
C O U N C IL BL'
David C:
Q
Albia
iagnnai
"INCOL,
DeW itt
Medill
Waldo
Concordia
1 _____ H o lto n /
Garrison
Barnard.
“
^Minneapolis
fecatur
vSPRIN
Macon
ATCI
Brunswick
Beverl;
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IN
Cameron
Itonvale
Stockton
.Lincol:
Clayton
LaPlata
Sabetha
Clifton
.oomingtoi
.urdland
Milan
Gallati
Beloit
mar
Cheno/a
Princeton
Auburn'
Hanover
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Gault
Courtlani
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mouti
Grand
Holdrege,
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Grebnfield /
- / Aftor / J o -
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PINES
Geno;
D ixon
Grlnnell,
.Scribner
/
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.Fulton
Moberly
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Pratt
Coldwater
Harper! W e l l i n e t o ^ Attica
Kiowa ^
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aldwell.
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J o S ^ W i l l o w SprS
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w k irk
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Dexter
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Orlando
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Edmond y
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Conway
coJc kasha
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Duncan
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Clarendon
Benton
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srfp
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Helena
Hot Springs1
Oxford 1 S'.
Malvern
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McGehe.
Wilton!
Bonita
Muldon
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Bowie
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Portland
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Wichita F;
i
AND CO NNE CT ING L I N E S
Aml to Cy
McHenry
INVESTORS’
12S
SUPPLEMENT
[V o l ,
LXXV.
Bonds—P rinci
R AILRO AD S.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
A m ount
Par
of
R ate per When Where Payable, and by Stocks—Last
of
F or explanation o f colum n headings, &e., see notes
Outstanding
Cent. Payable
Road. Bonds Value.
on first page o f tables.
Whom.
Dividend.
St. L o u is & San F r a n .—{Concluded)—
106
N.W. D iv.M .(W ich.to E llsw .), $1,300,000,g.C o.c*
145
Bt.L.W ich.& W . 1st M .,red. at 105, g o ld ..............c*
....
Ft. S. <feV.B.BridgelstM.,g.,dr.atl05,guar.p.<fei.c*
....
E quipm ent notes, p ayable s. a. 8ee t e x t ............
8t. Lou. Southw.—1st M. ctfs.,$16,500 p. m ., g.C e o* 1,227
2d M. 4% inc., $10,000,000,non-cum ., gold.M e.c* 1,227
1st consol, m ortgage, $25,000,000, gold . tt.c*&r.
....
16
G ray’s Pt. Termrl, 1st M., gu., p .& i.e .g .S S t.c & r
££.-L.2yo2/<2-©.--lstM.,$600,000,g.,red.textUIStc&r
13
St. L. Talley 1st M., $5,500,000, red., t e x t .S S t .c '
....
St. L ou is Wichita d West’n —See St . L. & S. F r a n .
101
SI. L. W atkins d G ulf 1st M., $1,225,000, g. & £ St. P aul d Duluth—See N o r t h e r n P a c i f i c .
St. P a u l E astern d Gr. Trunk—Is tM ., g ,in t. gu.o*
56
St. Paul M inn. d Manitoba—See Great Northern—
St. Paul d No. Pacific—See N o r t h ’ n P a c if i c RR.
S t Paul TJnton Depot—1st M., g., int. as ren ta l___
Consol. M., gold ($100,000 are 4s), int. as rental ....
15
Salt L a k e d L os Angeles—1st m ort., g o ld .M o . c
San A ntonio d Aransas Pass—S tock ..........................
1st M., $21,600,000 g., guar. p. < i. (end.).Ce.c*<fcr 687
fe
San A ntonio d Brownsv.—1st M., g., $16,069 p. m . 275
25
San D iego Ouyamaca d E a s t R y.—1st m ort., g .M e
S andusky M ansfield & N ewark—See B a l t . & O h i o .
153
Sanford d S t P’ burg—1st M .,g.not gu a r. P e P .........
Do
guar. p. & i.. end. 8. F. < w . P e P ................ 153
fe
San Fran. d No. P acific—1st M., gold, s. f.Me.c*<fcr 165
60
Cal. N orthw ., 1st M., $2,000,000, g., gu .p.& i.,s.f.
San Fran. & San Joaquin V a t—See A t c h . T o p . & 8. F e .
1900
1879
1885
1901
1890
1891
1902
1897
1899
1901
S}S500&c.
1,000
1,000
5,000&o
1,000
500 &c.
1,000
1,000
500 <fec.
1,000
1902
$& £
1883
1,000
1890
1894
1893
$51,000
315,000
82,000
1,245,000
20,000,000
3,272,500
12,054,000
339.000
600,000
See text.
4
6
6
4
4
4
4
5
6
4
983,360
5
g. A. & 0.
g. M. & 8.
g. A. < O.
fc
J. & D.
fe
g. M. < N.
J. & J.
g. J. & D.
fe
g. J. < D.
fc
g. J. < D.
g. J. & J.
N. Y ., M ercantile Trust.
do
do
do
do
N. Y ., Blair & Co.
N. Y ., Central Trust Co.
N. Y ., Merc. Trust Co.
Int. from June 1, 1902.
N. Y .,B .G r .T r .
St. L.
Miss. Val. Tr. Co., St. L.
In t’st from Ju ly 1,1902
J. & J. N ew Y ork and London.
1,000
1,000
1,000
100
1,000
1,120,000
Apr. 1, 1930
Sept. 1, 1919
Apr. 1, 1910
D ec., 1902-11
Nov. 1, 1989
Nov. 1 1989
June 1, 1932
Deo. X. 1947
1919
July 1, 1951
1930
6 g. J. & J. Office,C.&N.W .,52W all. Jan, 1, 1913
250,000
6 g. M. & N. N. Y ., Central Trust Co.
250,000 4 g.& 5 g. M. < N.
fe
St. Paul Trust Co.
300,000
Salt Lake City.
6 g. J. & J.
5,000,000
1893
18,900,000
4 g. J. &“ j . N. Y ., Cent. Trust Co.
1900
N ew Y ork.
N’ne A p r.’02
5 g. J. & J.
1888 500 <fec.
550,000
In default.
6 g. J. & J.
M ay 1, 1930
M ay 1, 1944
Jan. 1, 1913
1894
1894
1889
1898
Jan.
Jan.
Jan.
A pr.
100
1,000
1,000
1,000
375,000
300,000
3,970,000
625,000
4 g. J.
J.
i g * J.
5 g.
5 g- A.
&
&
&
&
See text.
J.
J.
J. N.Y.,25 B road, <feFr’k’ft
O. San Fran. & N ew York.
Jan. 1, 1943
1930
Ju ly 1, 1918
1,
1,
X',
1,
1924
1924
1919
1928
f $2,994,000 additional deposited under refund ing m ortgag e.
Earnings.—For 11 months, July 1 to May 31:
Other
income.
Charges
d taxes.
B alance.
surplus
11 wo#.
Gross
N et
1901-2___ $19,918 186 $7,609,349 $109,713 $5,149,298 $2,569,764
1900-1...... 17,700,409 7,309,973 129,756 4,213,573
3,226,155
Road operated 3,244 miles in 1901-2, against 2,948 in 1900-1.
Officers.—President, E dw in Gould: Vice-President and General
Manager, F. H .B ritton ; Treasurer, G. K. W arner; Sec., Geo. Erbelding.
Directors.—Edw in G ould, Irvin gton , N.Y .; R .M . Gallaway, Thom as T. Eckert,.
W inslow S. P ierce, W illiam H . T a y lor and A lbert L oeb, New York; M urray
Carleton, F .H . Britton and Charles Parsons, 8t. Louis.
Office, 195 B roadw ay, N ew Y ork .—V. 75, p. 78, 136.)
S t. L o u i s T » *o y & E a s t e r n H R . —E ast St. Louis, 111., to T ro y ,
111., w ith branch, 1 mile, to Collinsville, 111.; total, 13 m iles o f road
(20 miles o f track). Stock, $350,000, all outstanding; par o f shares,
$100 Bonds are subject to ca ll at par after 1904. Pres., E dw in H.
Conrades; Sec. and Treas., Julius L W inkelm eyer. Office, 314 N orth
4th Street, St. Louis, Mo —V. 70, p. 126.
S t. L o u i s V a l l e y R y . —I n A pr., 1902, under construction from
E ast St. Louis to Cairo, 146 miles, with branches, a total o f about 175
miles, expected to be com pleted in about a year, o f w hich 65 miles to
Chester, 111., was to be com pleted July 1,1902. Incorporated onM ar.25,
1901. Stock authorized. $5,500,000; par o f shares, $60. Bonds are is
suable at $25,000 per mile, with $12,500 additional for second track,
interest being pavable in St. Louis or N ew York. They are subject to
ca ll at 105 on and after J u ly 1, 1911, or at any tim e at par if an exten
sion o f tim e o f paym ent is arranged at a low er rate o f interest. V. 74,
p. 380. President, J. G. Shelton, Laclede B uilding, St. Louis, Mo. - V.
B alance, s n r .... $1,029,300
$376,364
$224,800
$326,445
74, p. 207, 380.
O f f ic e r s — President, B. F. Y oakum ; Y ice-Pres, and Gen. M gr., B.
S t. L o u i s V a n d a l i a & T e r r e H a u t e R R . - ^ e e Map Pittsb.
L. W inchell; V ice-P resident and General Auditor, A lexan der D ouglas;
Oindn. Ohio. d S t L .)—E ast St. Louis to Indiana State line. 158 miles.
Secretary E xecu tive Com m ittee, Fred’k Strauss: V ice-Pres. and Asst.
fe
Gen. Mgr., C. H. B eggs; Secretary andTreas., Frank H. H am ilton ; In 1898 Terre H aute < Indianapolis, fo r accou n t o f itself and the
Pitts. Cin. Chic. & St Louis, leased the road fo r 999 years; rental 30
A sst. Sec. and A sst. Treas., J. S. Ford. N. Y . office, 25 B road St.
p er cen t of gross receipts. Owns one-seventh interest in stock o f Ter
D ir e c t o r s — (Nov., '01) Isaac N. Seligm an, J. A. B lair, E. C. H ender m inal R R . Co. o f St. Louis.
son, Fred’k Strauss, Mark T. C ox, o f New Y ork; N athaniel Thayer,
Capital Stock.—Stock, $2,379,358 com m on and $1,544,700 o f 7
Benj. P. Cheney, Richard Olney, of B oston, Mass.; H. O. Pierce, Geo. A.
per cen t cum ulative p r e f .; par $100. The Terre H aute < In dian
fe
M adill,R ichard C. Kerens, B. F. Yoakum , James C am pbell, St. Louis.
apolis ow ns $326,000 preferred and $500,000 com m on stock, and the
— (V. 74, p. 479, 728, 1140, 1197; V. 75, p. 30.
Pennsylvania Co. Dec. 31, 1901, $1,350,000 com. and $1,218,700 pref.,
A ccum ulated dividends paid on jr e f stock at 7 per cent for years 1890
S t. L o u i s S i l o a m Sc S o u t h e r n R R . - S e e V. 63, p. 30.
to 1895, inclusive, w ere paid in Jan., 1901.
S t. L o u i s S o u t h w e s t e r n R y , — {See M a p .) —E m braces:
B onds.—The first m ortgage bonds due Jan. 1, 1897 ($1,896,000),
L in e s O w n e d —
m i le s .
O t h e r L in e s —
M iles.
Cairo to Gatesville, T e x .......
723 G ray’s Point Term. R y ..................... 16 were purchased at m aturity b y the Pennsylvania R R. Co. V. 64, p,
420. The $2,600,000 second m ortgage bonds w ere purchased May 1,
Branches to Little R ock ,
Trackage to Cape Girardeau,
1898, b y Pennsylvania Com pany. V. 66, p. 761, 811; V. 68, p. 477.
to Sherman, etc . .................. 120
Shreveport, F ort Worth,
Both issues are carried at 4 p. c. pending adjustm ent o f funded debt.
e t c ............................................ 534
E a r n in g s .— F or 8 months ending June. 30, gross, $1,388,232 in
T otal system July, 1 9 0 1 ............
1,293
1900-1.
Of the 1,268 m iles o f main track, 104 are laid w ith 75-lb., 1,028 with 1901-2, against $1,309,210 in Oper*g exp's.
Yr.end.Oct.3X.
Gross.
Net.
Rental rec'd.
561b. and the lem ainder with 35, 55 and 60-lb. steel rails. Branch
1901.................$2,044,777
$1,303,S66
$740,911
$613,433
to Dallas, 12 miles., opened A pr., 1902.
1900 ................ 1,943,524
1,394,229
549,295
583,057
In 1901 other incom e, $11,039; charges were: Taxes. $67,279; in
O r g a n iz a t io n .— R eorganization p er p lan in V. 50, p. 141, 561 o f St.
Louis Arkansas & Texas, sold in foreclosu re in October, 1890. Consists terest, $179,840; other charges, $ 26 ,65 7 ; balance, surplus, $350,695.
- ( V . 70, p. 5 2 9 .)
o f tw o corporations—the St. Louis Southwestern R ailw ay Co., and the
St. Louis Southwestern R ailw ay Co. o f Texas. V. 69, p. 646.
S t. L o u i s W a t k i n s Sc G u l f R R . - Lake Charles to Alexandria,
St o c k .— Stock issued, com m on, $16,500,000; authorized am ount in La., 98 miles, w ith tw o branches aggregating 3 miles; total. 101 miles.
creased in 1902 to $35,000,000; p ref., 5 p. c. non-cum ., 1*20,000,000, Successor on M ay 24, 1902, o f Kan. City W atkins & G ulf RR., sold in
o f w hich in treasury June 30, 1901, com m on, $143,900; preferred, foreclosu re on Mar. 2 4 ,1 9 0 2 , the old bondholders receiving 5o% in
new bonds and 50% in sto^k. V. 74, p. 630, 681. 8tock author
$106,350. P ar o f shares, $100.
B o n d s .—T h e fir st m ortgage ce rtifica te s a re issu ed a g a in st a like ized, $1,225,000; present issue.$993,360; par o f shares, $20. Bonds au
am ount o f first m o r tg a g e b o n d s secu red u p o n th e c o n s titu e n t lin es at thorized, $1,225,000; present n sue. $983,360, consisting of $500,000
a ra te n o t e x c e e d in g $16,500 p e r m ile, a n d th e se c o n d m o r tg a g e ce rtifi in $500 bonds and £100,700 in £ 1 0 0 bonds, valued at $4 87 per £.
President, J. B. Watkins; Sec. and Treas., J. S. Thomson, Lake Charles,
ca te s a g a in st se co n d m o r tg a g e b o n d s a t $8,250 p e r m ile.
The first consols o f 1902 (authorized issue $25,000,000), are secured La. D irectors, V. 74 p. 680. - V . 74, p. o30, 681, 728, 1L97.
S t . . P a u l . —See Chicago M ilwaukee & St. Paul.
b y all the property o f the com pan y, subjeot to tbe p rior outstanding
bonds. Ot the am ount $6,000,000 were issued to retire $ l,7 0 u ,0 0 o
S t . P a u l Sc D u l u t l i R R . —Purchased J u ly 1, 1 900, by North. Pac.
equipm ent bonds and oth er capital requirem ents; $9,000,000 were - ( V . 70, p. 126, 895, 947, 1096, 1250; V. 71, p. 30.)
reserved to retire by exch an ge the $10,000,000 second m ortgage
S t . P a u l E a s t e r n G r a n d T r u n k R y . — (See Map Chicago &
incom e bonds (of which $6,727,500 had oeen acquired in Ju ly, 1902),
N. W.)—Owns
O
lintonville, Wis., 56 miles. Leased
and the rem aining $10,000,0 00 are i©served for the acquisition of Oot. 30, 1884, from 99 conto to CM ilwaukee Lake Shore & Western.
for
years to
branch lines at not over $20,000 per m ile, acquisitions and im prove Rental 30 per cent o f gross earnings, interest on bonds being guaran
ments. (V. 75, p. 136.) See V. 74, p. 328, 578, 630, 831.
teed. Lease acquired Aug. 16, 1893, by Chicago & North Western
G ray’ s Point Terminal guaranty in V. 69, p. 1062. St. L. So. W. owns through purchase o f M ilwaukee Lake Shore & W estern.
all stock and leases road for fifty years. (V. 65, p. 413.)
S t. P a u l Sc N o r t h e r n P a c i f i c R y . —M erged in Nor. Pac. RR.
E a r n in g s .— 11 mos., >1901-2...... Gross, $6,754,184; net, $1,973,560
S t. P a u l U n i o n R e p o t C o .—Owns U nion Passenger Station with
July 1 to M ay 31. ] 1900-1...... Gross, 6,892,185;; net, 2,646,725
5*71 m iles o f track (additional tracks being put in July, 1902), the out
F or 10 months ending A pril 30, 1902. net, $1,813,815, against standing stock then being increased from $350,000 to about $840,000
2,568,806 in 1900-01; oth er incom e, $34,088; interest, taxes, etc., for im provem ents in progress; ow ned equally b y tbe fo llo w in g :
1,216,490; balance, surplus, $631,413.
Great Northern. Northern Pacific, Chic, St. Paul Minn. & Omaha, Chic. Mil.
A St. Paul, Chtc. G reat W estern, Chic Bur. & Quincy. M inn. St. Paul & S. Ste.
A n n u a l R e p o r t .— Annual m eeting is held at St. Louis, Mo., on the
M arie, Minn. & ^t. L o ir s (the last-nam ed from A ujj. 1 , 19o2). Tne Bur. Cedar
first Tuesday in O ctober. R eport fo r 1900-01 was in V. 73, p. 721.
Rapids & Northern will presently becom e a tenant.
Year ending June 30—
1901.
1900.
1899.
1898.
Authorized stock, $1,000,000. R ental covers interes t on bonds and
Gross earnings.............. $7,387,174
$5,908,284 $5,862,338 $5,279,332 4 per cent on stock since May 1, 1902; from 1890 to May, 1902,6
Operating e x p e n se s ... 4,632,892
4,156,073 4,209,088 4,173,328 per cen t dividends w ere paid. Pres., w . A . Scott; Treas., H. P. Upkam;
Sec., W. G. Johnson.—(V. 74, p. 1090.)
Net earnings........... $2,754,282 $1,752,211 $1,653,250 $1,106,004
S a lt L a k e Sc L o s A n g e l e s R R . —R oad from Salt Lake to Salfr
P. c. op. ex. to e a r n s ...
(62*72)
(70*34)
(71*80)
(79*05)
air Beach, Utah, 15 miles, standard gauge—see V. 65, p. 824. Stock
Tot. net, incl. other in c .$2,836,478 $1,847,896 $1,737,708 $1,114,911
T a xes...............................
155,771
151,567
133,495
131,007 $150,000. In 1901 $300,000 first 6s were outstanding. For year
Int. on 1st M. bon d s....
800,000
800,000
800,000
800,000 ending June 30, 1901, gross, $52,688; net, $22,835, against$19,506 in
400,000
360,000
180,000
.... 1899-00; other incom e, $6,024; charges, $19,836.—(V. 65, p. 824.)
Int. on 2d M. b on d s___
S a n A n t o n i o Sc A r a n s a s P a s s R y . — Owns from Kerrvifie to
E quipm ent payments..
258,825
204,889
171,061
.............
Rentals, e tc ...................
66.907
61,148
44,536
26,613 H ouston, 308 m iles; K enedy to Corpus Christ!, Tex., 90 miles ; J o**'
nm to W aco, 171 m ile s; Skidmore to A lice, 43 miles, Shiner to LookBalanoe.
sr.$ l,15 4,97 4 sr.$270,292 sr.$408,617 sr$157,29l hart, 54 m.; branch, 21 m.; total, 687 m ., all 50-lb. steel.
A n n u a l R e p o r t .— Fifth annual report o f reorganized com pan y wah
given at length in V. 73, p. 8 9 6 ,9 1 1 . See also editorial, p. 875.
Year ended June 30 — 1901.
1900.
1899.
1898.
A verage m iles............
1,686
1,401
1,334
1,221
G rossearnings.$10,173,697
$7,983,246 $7,226,662 $6,886,467
N et e a rn in g s .............. 4,328,690
3,290,719
2,885,471 2,856,358
T otal net incom e.
4,439,860
3,408,722
2,962,632 2,926,118
Paym ents—interest.
2,281,803
2,176,335
2,130,517 2,037,997
T a xes.......................
273,104
227,479
207,976
188,404
M iscellaneous.......
75,097
30,648
39,339
13,272
D iv. on 1 s tp re f... (4) $200,000(4% )200,000 (4% )200,000 (4% )200,000
D iv. on 2d pref.... (2Lj)400,000(2% )320,000 (1% )160,000 (1% )160,000
E x t ex. fo r con. &c.
180,556
77,896
.............
............
f
RAILROAD
J u l y , 1902. |
STOCKS
AND
BONDS.
1SI9
/
?ine Apple
I 1lp tb n 9
p :
Flomator
fciHKippiLly.
t : ;N E W O R ll/E A N S
Son Mftrcon
San A n ton io
'
*
^
Ay
E SlSsF ^^ /
.
■ \
!■
•/;. • x
* Ga l v e s t o n
F
o
O
M
E
X
M AP OF TH E
ST. LOUIS SOUTHWESTERN
RAILWAY.
130
INVESTORS’
SUPPLEMENT.
1.V0U L X X V .
Bonds—P rin ci
IN TEREST OR DIVID EN DS.
Miles Date Size, or
pal,^When Due.
A m ount
Par
of
of
r explanation o f colum n headings, &c., see notes
Outstanding Rate per When W here Payable, and by Stocks—Last
Road. Bonds Value.
Cent. Payable
on first page o f tables.
Whom.
Dividend.
R A ILR O A D S.
Santa FePres.<& Phoenia>-lstM .,$5 ,0 00 ,0 00 ,g.M e.c*
2d m ortgage, g o ld .C e .................................................
P rescott & East., 1st M., $375,000, p. & i. g u .C e
Saranac & L a k e Placid—1st M., $120,000,g., C e.c*
2d m ortgage, $24,000, € e .........................................
Saratoga < Schenectady- Stock (rental guarant’d ).
&
Sault Ste. M arie B ridge—1st M., g .,s.f.,d r’n a t H O .c
S ivannah Florida < WesVn—See A tlantic C oast
£
Savan'K Union StaVn Co.—1st M , $600,000, g .S .r
/Schenectady < Duanesb.—1st m ort., interest guar..
&
Schuylkill & Juniata—See Pen n sylv a n ia RR.
Schuylkill <6Lehigh,—1st M., guar, by R ead’g C o ...
Schuylkill Talley Navigation R R .—S to c k ............
Seaboard A ir L in e R y —Stock, com ., $37,500,000..
Preferred stock, 4 p. c., non-cum ., $ 25 ,00 0 ,00 0..
1st M., $75,000,000, g. (see t e x t ) .C o R a ........c<fcr
G old bonds sec. by co lla te V .71, p. 699) guar.N .c*
Col. tr. ref. M., g., $10,000,000, red. at 1 0 5 .C e.c*
E quipm ent trust, due quarterly...............................
do
do
(Y. 74, p. 380)___
Old L oans ,exclu din g am ounts O p le d g e d unde
C arolina Central old bonds, non-assented...........
1st con sol.M .,$ 3,000,000,gold, g u .p .& i.e n d .F
Durham & Northern, 1st m ort., $ 1 5 0 ,0 0 0 .M e B a
R oanoke & Tar R iver, $260,000. T l e O a ................
Flor. Cen. & Pen. 1st Mi $5,226 p. m ., gold Ce.c*
2d M. (1st on ext., 92 m.) $5,226 p. m., gold. A . 0*
Consol.M .,$7,800,000 ($10,000 p.m .), g old .G .c’
South B ound 1st M .,gold, int. ren ta l.M e B a .c*
Ga. & A la., 1st M., con ., $10,000,000, g .B B a ..c *
Ga. & A la. Term. Co , 1st M., $1,000,000, g. p.<fei.
Ga. Carolina < Nor., 1st M., g., g u a r.M e B a c * ..
fc
a In clu d in g $140,200 bonds held alive in sink
198 1892 $1,000 $4,940,000
5
1,000
2,964,000
198 1893
5
1,000
375,000
26^
1898
5
1,000
120,000 5 (6)
10 1893
500
10 1896
24,000
5
100
....
....
450,000 7 per
1,000
900,000
1 H 1887
5
L ine RR.
1902 L,000&e
600 000
....
4
14 1874 100 <tec.
500,000
6
44
....
....
....
A ll
....
—
r cons
....
267
42
32
575
666
780
136
400
268
ing fu
g. M. &
g. J. &
A. &
g. M. &
M. &
an. J. &
g. J. &
S.
J.
0.
N.
N.
J.
J.
N. Y. M ercantile Tr. Co.
N. Y ., Central Trust Co.
do
do
N. Y ., 21 Cortlandt St.
do
do
Troy, United Nat’l Bk.
N. Yr., 44 Wall St.
Sept. 1, 1942
Ju ly 1, 1943
A pr. 1, 1928
May 1, 1913
M ay 1, 1913
July 15,’02,3i*
July 1, 1937
New Yrork
g. A. & O.
M. & 8. N. Y ., 21 Cortlandt St.
Apr. 1, 1952
Sept. 1, 1924
1,000
600,000
4
M. & N. Phila., Phil, (fe Read.RR.
1898
50
5
....
576,050
J. & J. Phila., R ead’ g Term ’l.
100 29,000,000 In votin g trust.
....
100 19,400,000 In votin g trust.
....
1900 l'OOO&c 12,775,000
4 g. A. & O. N. Y ., 15 W all Street.
1,000
1900
1.323.000
do
do
5 g- A. & O.
1901
1,000
8.677.000
M. A N.
New Y ork.
5,000
1900
2,113 667
J. & J.
1,000
1902
665,000
4*2 F. (fe A.
olidat ed mort gage.
’81-’94 1,000
115,233
6
J. & J. Balt., Mer. Tr. & D. Co.
1,000
3,000,000
1898
fe
4 g. J. < J. N. Y ., Farm. L. & T. Co.
1888
*100,000
6
M. & N. Balt., Mer. Tr. & D. Co.
1887
*55,000
6
A . & O.
do
do
1,000
3,000,000
1888
5 g. J. & J. N ew Y ork, 15 W all St.
1,000
1890
410,000
do
do
5 g. J. & J.
1,000
4,372,000
do
do
1893
5 g. J. & J.
1,000
1891
2,033,000
5 g. A. & 0. N.Yr., 15 W all St.,or Balt.
1,000
5,405,000
1895
5 g. J. & J. New Y ork, 15 W all St.
1,000,000
New York.
1898
5 g. J. & D,
1,000
5,360,000
1889
fe
5 g. J. & J. Balt., Mer. Tr. < D. Co.
nd.
May 1, 1948
July 13,’ 02,2i*
?s-
A pr. 1, 1950
Oct. 1, 1902
May 1, 1911
To J u ly l.1918
N ov’02-Fb.’ 12
1920
Jan. 1, 1949
Nov. 1, 1928
1917
July 1, 1918
Jan. 1, 1930
Jan. 1, 1943
Apr. 1, 1941
Oct. 1, 1945
Dec. 1, 1948
July 1, 1929
H istory .—Reorganized without foreclosure sale in 1893, manage m. Stock, $7,904,000. The road is ta x exem p t by legislative enactm ent
for 20 years from 1891. The A tch . Top. & S. Fe took possession N ov. 8 ,
ment passing to So. Pac., which owns $2,000,000 stock.
B onds .—Mortgage is fo r $21,600,000 (trustee, Central Trust Co.) 1901, having acquired $ 2,963,000 o f the second m ortgage bonds ana
practically all o f the stock. See official statements, V. 73, p. 898; V.
and the So. P acific Co. by endorsem ent on each b on d guarantees un
con dition ally “ the punctual paym ent o f the principal and interest.” 74, p. 150; Y. 6 8 , p. 326.
B on ds fo r $2,700,000 reserved for extensions, lim ited to 100 miles
L a t e s t E a r n in g s .—4 m os., > 1 9 0 1 ...G ross, $324,544; net, $171,236
at $27,000 per m ile, equipped. See full abstract o f m ort, in V . 56,
July 1 to Oct. 31.
5 1 9 0 0 ...Gross, 300,083; net, 158,830
p. 540. Due South. P acific Co. June 30, 1900, $2,200,057
R eport fo r 1900-1 w as in V. 73, p. 954, showing;
Years.
Gross.
Net.
Rental.
Interest. B al.. sur.
E a r n in g s — 11 m os., >1 90 1-2 ........ Gross, $2,362,160; net, $568,346
1900-1................. $956,624 $525,711 $17,637 $395,621 $112,453
Ju ly 1 to M ay 31. ] 1900-1 ____Gross, 2,486,639; net, 650,631
555,477
17,154
395,200
143,123
A n n u a l R e p o r t .—F iscal year changed in 1897 to end June 30. R e 1899-0................. 987,132
p o rt fo r year to June 30, 1900, w as in V. 72, p. 627. (n 1900-1, gross, —(Y .7 3 , p. 7 8 1 , 8 4 4 ,9 0 0 ,9 5 4 .)
S a r a n a c A L a k e P l a c i d R R . —Owns from Saranac Lake to
$2 618,377; net, $731,241; oth. incom e, $ 3 ,8 0 7 ; interest on bonds,
Lake Placid, N. Y., 10 m iles; operates under con tract N. Y. Central”
etc., $947,954; balance, deficit fo r year, $212,906.—(V. 73, p. 1 0 1 1 )
Saranac branch, 5*6 m iles; tota l operated, 15*6 miles. D ecem ber 19,
S a n A n t o n i o & G u l f H R . —San A n ton io to Stockdale, 37 miles
Stock authorized, $1,000,000, issued A pr , 1902, $32,000. In A pr., 1902 1896. leased to Chateaugay R R . and Chateaugay Ore & Iron Cos.
jointly fo r 17 years, and interest on bonds reduced from 6 to 5 p. c.;
w as ow n ed b y a syndicate, no bonds had been issued, and there was
rental 35 p er cent o f its gross receipts and one-half n et profit from
no floating debt. The Texas R R . Com m ission has approved the issue
o f $250,000 bonds. F or year ending June 30, 1901, gross, $82,930; transfer business at Lake P lacid—at least $7,200—to p ay 5 per cent
n^t, $49,457; deductions, $ ‘^ 3,297; bal., sur., $26,160. President, interest on bonds, w hich interest is guaranteed jo in tly at 5 p. c. to and
including Nov. 1 ,1 9 1 3 , b y endorsem ent. Stock, $250,000 (par $100.)
G eorge W. B rackinridge; Secretary and Treas., John A. Fraser, San
Dividends —In 1893, 3 p. c.; in 1894, 2 p. c.; in 1895, 2 p. c.; none since
A n ton io, T ex.—V. 64, p. 708; V. 69, p. 591.
to June 1 ,1 9 0 1 . F or 1900-01, rental, $8,492.—(Y. 64, p. 182.)
S a n d u s k y M a n s fie ld & N e w a r k R R . —See B. & O. statement
S a r a to g a & S c h e n e c ta d y R R . —Saratoga to Schenectady, 21
and V. 69, p. 743, 851 —(V. 69, p. 743, 851; V. 70, p. 77.)
miles. Leased in perpetuity in 1861 to Rensselaer & Saratoga and
S a n fo r d & St. P e te r s b u r g R y .—(See M a p A tl. C oa st L in e R R .)
lease assigned to Del. & H udson Canal, b y w hich it is operated.
—From Sanford, Fla., to St. Petersburg, 153 miles. Form erly Orange
Rent? 1, $31,750 per year. Stock, $450,000. D ividends, 7 p. c. yearly.
B elt R ailw ay, which was sold at foreclosu re in March, 1893. Stock is
Sai It S te. M a r ie B r i d g e .—Own Sault Ste. Marie Bridge, includ
$ 6 0 0 ,0 0 0 ; par, $100. F irst m ortgage is fo r $1,000,000 o f 4 p. c. bonds,
ing t 421 feet o f main track. The Canadian Pacific, Duluth South
interest reduced from 5 p. c., o f w hich $675,000 have been issued, and
Shore < A tlan tic and M inneapolis St. Paul & Sault Ste. Marie R R . cos.
fc
o f these $300,000 are guaranteed principal and interest b y end. of
the Sav. F lor. & W est, (see co p y o f guaranty in V. 64, p 843), the guar agree to pay for use o f bridge an am ount equal to operating expenses,
and interest and sinking fund o f debt. M ortgage, $1,000,000; sinking
anty bein g p ra ctica lly accepted by the A tlan tic Coast L in e R R . the
successor o f the latter. V. 75, p 7*. The balance o f the loan unissued fund. $5,500 yearly. Stock, $1,000,000. In 1900-1 gross, $70,895;
($325,00 > Jan. 1, 1899) is deposited w ith the M etropolitan Trust Co., net, $57,092; total deductions. $57,092; bah, sur., none. F or year
N ew Y ork , fo r im proving, equipping and broad-gauging the road. l»9 8 -9 gross earnings, $ 6 4 ,3 9 4 ; net, $51,512.
S a v a n n a h F lo r i d a A W e s t e r n R y . —Consolidated on J u l y l ,
F or year 1900-01, gross, $122,294; deficit under operating, $7,454.
1902, w ith the A tlan tic Coast Line R R . The preferred stockholders
—(V. 75, p. 98.)
S a n F r a n c is c o & N o r th P a c ific R y .—P oin t Tiburon, Cal., to w ill receive 50 per cent o f the par value and the com m on stockholders
Ukiah, Cal., 106 miles, and branches, 59 miles. Consolidation o f March 25 per cen t in tke com m on stock o f the consolidated com pan y, or at
19, 1889. Has steam er con n ection (6 miles) with San Francisco. their option an agreed valuation, in new 4 per cent bo ads o f the co n
Leased to the California & N orthwestern R y., incorporated in March, solidated com pany or cash, or if no agreem ent can be reached such
1898. The S. F. < N. P. guarantees $2,000,000 Cal & Nor. 5 per cent price as m ay be determ ined by law . V. 74, p. 1039.
fe
R e p o r t .—F or year ending June 3 0 ,1 9 0 1 , earnings o f roads con sol
bonds, to be issued at $25,000 per mile. V. 67, p. 370, 688, 788. Stock
idated were: Gross, $7,945,831; net, $2,467,700; interest, $1,231,210;
issued, $6,000,000; p ar o f shares, $100.
B o n d s .— Issued at $25,000 per mile; sinking fund, $25,000 yearly, taxes, $247,554; bal., sur., $988,936. fn 1899-0, gross. $7,269,660;
bonds draw n at 110 and interest. [M ortgage abstract V. 49, p. 241. J net, $2,076,022; int., taxes, etc , $1,470,242; baL, sur., $605,780.—(Y.
74, p. 207, 479, 728, 776, 8 3 1 ,1 0 3 9 ; Y, 75, p. 31.)
L atest E a r n in g s .— For 11 mouths ending M a y 31;
S a v a n n a h U n i o n S t a tio n Co —Owns union passenger station
I t mos.
Gross.
Net.
Charges.
Bal., sur.
and term inal at Savannah, Ga., w ith 8 miles o f track. Leased by the
1901-2.......................... $1,014,302
$265,850
$250,384
$15,466
Southern R y.. Savannah Florida A W estern (now A tlan tic JCoast Line
1900-1..........................
936,783
312,449
251,143
61,306
RR.) and Seaboard A ir Line R y., which ow n the $300,000 stock, the
A n n u a l R e p o r t . —R eport fo r 1900 01 in V. 73, p. 442, showed g ross, ren ta 1 p rovid in g fo r itte re st and sinking fund on bonds, m aintenance,
$1,039,000; net, $337,579; charges, $224,513; bal., surplus, $113,066. etc. President. W. W. Maokall; Treas , J. M oultrie Lee; Secretary, W.
I q 1899-00 gross, $958,223; net, $319,287.—(V. 75, p. 136.)
V. D a v is .-(V . 71, p. 343. V. 74, p. 1039, 1296.)
S a n F r a n . & S a n J o a q u i n V a l .—See A tch . T op. & Santa Fe.
S c h e n e c ta d y A D u a n e s b u r g .-F r o m Quaker Street Junction,
S a n P e d r o L o s A n g e le s & S a lt L a k e R y . —P rojected from N. Y ., to Schenectady, N. Y ., 14 miles. O w ned b y the D elaw are A
Salt Lake City, Utah, to the Pacific coast, nearly 750 miles o f m ain H udson Co. Stock, $100,500.
line, with branches, m aking an aggregate o f about 1 ,1 0 0 miles, the
S c h u y lk i ll A J n n i a t a R R . —M erged in Penn. R R . A p ril 1 ,19 02 ,
Los A ngeles Term inal Ry., 51 miles, bein g acquired, and was form ally
S c h u y lk ill A L e h ig h R R . —Owns from H igh’ s Farm , near Read
m erged about Apr. 1, 1901, a* a part o f the new line. In Jan., 1902,
co npleted fo r some distance at the eastern end o f the line, the w ork o f ing, Pa., to Slatington, Pa., 44 miles. In 1883 leased to Phila. & Read
fc
construction to be pushed from both term ini and interm ediate points, ing R R . for 999 years and in 1896 lease assum ed by Phila. < Reading
it being hoped to p la ce the entire road in operation early in 1903. See R y. Rental, $27,000 per annum. R eading ow ns the stock ($600,000),
V. 74, p. 269. D ecision as to right o f w ay, V. 73, p. 237. The G ould o f w hich $598,000 is deposited under its general m ortgage o f 1897.
S c h u y lk i ll V a lle y N a v ig a tio n A R R . —P ort C arbon to Reevesinterests w ill probably jo in in the construction of the road, thus fo rm
ing a| new trans-A tlantic line. V. 74, p. 938, and vVestern M aryland dale, P a., 11 miles; 2d track, 5 m; branches, etc., 11*41 m.; total track,
28 miles. Leased Ju ly 2 5,1 86 1 , fo r 999 years to Phila. & Reading RR.
item , p. 989
Stuck authorized,$25,000,000; issued, D ec.,1900, $2,501,600. Bonds, Lease assumed in 1896 b y Phila. & R eading R ailw ay Co. Rental
$20,000,000 fours, o f which $2,500,000 issued to acquire Los A ngeles $29,450, which pays 5 p. 0 . on stock and State taxes.
Term inal R y., together w ith $2,500,000 stock. In Jan., 1902, $6,000,S e a b o a rd A i r L in e R y . —(S ee M a p .)—This com pan y owns a
.
.
000 had been paid in by subscribers to stock, v 7 4 , p 9 5 . For year line from R ichm ond, Va., to A tlanta, Ga., and Tampa, Fla., etc., viz.:
ending June 30, 1901 (49 m iles), gross, $188,783; net, $5?,919. Presi
L ines owned in fe e
Miles
P roprietary L in es.
Miles
dent, W. A . Clark; Secretary, L F. Miller; Treas., W. K. R ule.—(V. 74. R ichm o’d,V a.,to Savannah, Ga.502 Portsm ’th V a .,to W eldon, N.C.
\
81
p. 95, 269, 933.)
W ilmington, N. C., to Atlanta,
Jacksonville, Fla., to Tampa,
Ga .................................... . . . 437
Cedar Keys, Chattahoochee
S a n P e t e V a lle y R y . —Nephi, Utah, to M orrison, 51 miles; Quarry
R iver, e t c ............................. 896
Branch (opened A ug., 1899), Nephi to Cooper, Utah, 5 miles; total, 56 Savannah,Ga , to M ontgom ery,
Ala. (58 m iles trackage de
T r a ck a g e ...................................
61
miles. Stock. $510,000; p a r o f shares, $100. Bonds. $565,000 1st
ducted) ..................................... .280
gold 4s, dated 1894, due 1923, interest J-J, and $250,000 2d mort. 4s,
— — 354
Total sys. (see Y. 74, p. 773) .2,611
dated June 1, 1895, due 1921, interest J-J, Farm ers’ Loan& Trust Co., Other lin e s ........ .
The proprietary lines in clu d e : Roanoke &~Tar R iver RR. (stock all
New York, Trustee. Y ear ending June 30, 1901, gross. $23,584; def.
under oper.exp.,$2,578. Theo. B ruback.G en. Mgr., Salt Lake City,Utah. owned), 32 miles; Seaboard & R oanoke R R . (94 p. c. o f stock owned),
81 miles; Florida Central & Peninsular R R. (99 p. c. o f stock owned),
S a n ta F e A G r a n d C a n y o n R R . —See V. 73, p 185.
806 miles, that road ow ning entire stock o f A tlantic Suwanee River &
S a n ta F e P r e s c o tt A P h o e n i x R y .—(See Map Atchison To
G u lf RR., 58 miles. In addition ow ns entire stock o f the Georgia &
p e k a d t S a n ta Fe ) — Owns Ash Fork, via Prescott, to Phoenix, A rizona,
A labam a Term inal Co., operating 8 m iles o f track.
198 miles; opened in M arch, 1895. P. & E. Jet. to Mayer, A riz., 26-4
A lso owns a one-sixth interest in the Richm ond-W ashington Co. con
m. built under charter o f P rescott & Eastern, was com pleted in Oct., trolling: the road from Richm ond, Va.. to W ashington, D. C. (V. 73, p.
1898, and is leased for 99 vpats ancl its $375,00<> bonds guaranteed. 843 ) and under traffic agreem ent with the Pennsylvania RR. main
Branch from H uron, A riz., to B ig Bug mine*, « m iles, com Dieted Apr., tains through car service betw een N ew Y ork, Philadelphia, WavShing1902; extension under construction from Mayer to Crow n K ing mine, 32 ton aud the South. Also owns the entire capital stock or the Baltimore
R A IL R O A D
Ju l y , 1902 )
STOCKS
AND
131
BONDS
I A
/j
-LyncTlibuig
Elizut
£
New River
Livingston ^
T
MartinsvilM
S y > = Glasgow . Gree„ sl(UIg
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\
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= ; v>~Y
f Cartbage^°
Edgefield Jc. }
l
a
^CHARIIESTON:
f—• — -— - — ---- -— — — — —
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lobile
U CHAR
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SEABOARD AIR LINE
COMPANY
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133
INVESTORS’
SUPPLEMENT
[VOL. J^XXV.
Bonds—Prinui
IN TEREST OR DIVID EN DS.
Miles Date Size, or
pal,W hen Due.
A m ount
Par
of
of
When W here Payable, and by Stocks—Last
Rate per
F or explanation o f colum n headings, &c., see notes
Road. Bonds Value. Outstanding Cent.
Whom.
Payable
on first p age o f tables.
Dividend.
R A ILR O A D S.
Seaboard A ir L in e R y.—( Concluded)
Raleigh & Augusta, IstM ., guar. p. & i.. R. S G.e*
c
107
Raleigh & Gaston, 1st M., $1,500,000, g .M e R a .o
....
Seab. S R oan ok e—1st M. $2,500,000.M eRa.c*<fcr
c
81
___
Debent. $690,000, to be secured b y any 2d M .r
Car and equipm ent tru sts.....................................
31
Shamokm Sunbury < Lewisburg—1st m ort-----c*&r
&
31
2d m ortgage, g o ld ..................................................... c*
Shamokin Val. < Pottsville—Stock, guar, b y No. C..
&
38
1st M., $2,000,000. g., sink, fund (not draw n).c*
38
33
Sharon—Stock ($800,000) 6 p.c., guar, b y ren ta l.F
16
Sharon, 1st M., g. (Sharon to Pym at., e tc .)....... F
17
N ew Castle & Shenango V alley—1st M., int. gu .
Shreveport & Red R iver Valley—1st M., g .,te x t.F .c *
150
Shawnee Oklahoma < Missouri Co l & B y.—See Oz ARK &
£
Sierra Ry. ( o f Cal.)—1st M., g., $1,860,000, s.f.5%
58
Sierra Valleys—1st M. (Cal. Safe Dep. Co. trustee)
31
Silver Spr. Ocala & Gulf—See A t l a n t ic C o a s t L in E RR.
.5
Skaneateles R R .—1st m ort., $100,000, g o ld .E s in .
42
Somerset Railway - 1 s t m ortgage..........................-. .c
42
Consol, m ortgage, $420,000, g o ld ............................
South Carolina P acific—1st M., cur., int. r e n ta l...
10
So. &No. Alabama,—IstM . ,s.f.n ot dr’n; guar. byL. &N. 189
2d m ort. gold, s. f. $2,000,000 (owned b y L. S N.) 189
c
Consol, m ort (for $10,000,000), eold, gu ar.C e. .c* 189
So. Illinois < Mo. B rid ge—IstJM., $3,000,000, g M e
&
South9 In d ia n a —1st M., gold—See text. .E C .. ..c* 150
n
South Pac. Coast—Is tM ., g., gu. (s. f. 1912).......F .o
104
Southern P acific COMPANY—Stock($200,000,000)
Col. trust m ort.,gold, sub.to call at par.iJn..c*<fcr
Steamship 1st m ort. bonds, Ser. A , $ 3 ,0 0 0 ,0 0 0 ...
....
Coll. tr. M., g., sec. b y Pac. Mail, etc. red. ’02.C.C*
—
1886 $1,000
1897
1,000
1886
1,000
1886 100 &c.
1882
1890
....
1901
....
1889
1887
1900
1,0 0 0
1,000
50
1,000
50
1,000
1,000
1,000
C iie r , OKEE C
1897
1,000
._
1895
$1,000,000
1,200,000
2,500,000
*285,000
625,000
1,000^000
1,000,000
869,450
2,000,000
657,550
164,000
250,000
2,460,000
ENTRAL.
870,000
300,000
1,000
1898
100,000
1887 500 &c.
225,000
1900 500 &c.
172,500
1884
104,600
1873
£200
£645,400
1,000
1880
2 ,0 0 0 ,0 0 0
1,000
1886
4,779,000
1901
1,000
100,000
1901
1,000
3,160,000
1,000
1887
5,500,000
100 197,847,788
1899 500 &c. 28,818,500
1891
2,286,000
1,000
1900
15,000,000
Steam Packet Co. (unbonded) and a substantial interest in tlie Old
D om inion Steamship Co.
In May 1902, exten sion w as p rop osed from A tlanta, Ga., to B ir
m ingham , Ala., about 174 m iles, the E ast & West R R ., reorga n ized as
the B irm ingham & A tlanta A ir D ine R y., exten d in g from C^rtersville, A la., to Pell City. Ala., 95 m iles, to be used as p a rt o f the m ain
line. See B . & A . A ir L in e R y.
O r g a n iz a t io n .—A n am algam ation in 1900 o f various “ Seaboard”
lines, including those w hose securities are shown in the table above;
these lines were subsequently (excep t 977 miles) absorbed b y absolute
consolidation. A bou t 200 miles o f con n ectin g lines, com pletin g the
system ,w ere put in use July, 1900, but econom ical and satisfactory op
eration w as n ot possible until som e months later (see V. 74, p. 773).
In Nov., 1901, the Seaboard Co w as incorporated w ith $5,000,000
authorized stock. V . 73, p. 1062.
Stock .—Authorized $62,500,000, of which $25,000,000 pref.; out
standing Jan., 1902, common, $29,000,000, and pref. $19,400,000.
B o n d s .—The 4s o f 1900, upon m erger o f certain lines effected
in January, 1 90 2, becam e a first and on ly lien on abou t 350 m iles of
road, inclu din g 102 m iles o f m ain line from R ichm ond to R idgew ay
and 106 m iles from H am let to Colum bia (subject on ly to $155,000
prior lien bonds on tw o branches); also a direct m ortgage on the w hole
1,573 m iles o f consolidated road, su bject on ly to $18,098,000 nrior
lien outstanding bonds thereon (or an average o f abou t $11,500 per
mile) and a consolidated collateral lien on the rem aining m ileage o f the
system. V. 74, p. 989.
The 4s o f 1900 have been issued, p ledged or reserved as fo llo w s ;
T otal authorized issue in no case to e x c e e d ..................... $ 7 5 ,0 0 0 ^ 0 0 0
6
J. &
5 g- J. &
5
J. S
c
6
F. S
c
5
6 g.
6
3^g.
6
4 1a g.
6 g*
4 g-
M.
J.
F.
J.
M.
J.
J.
J.
J. Balt., Merc. Tr. & D. Co.
do
do
J.
do
do
J.
do
do
A.
& N.
& J.
S A.
c
S J
c
& 8.
& D.
S J.
c
S J.
c
Phila., Phil. & Read.RR.
do
do
Phila., B road St. Stat’n
do
do
Sharon, Pa.
N. Y ., Farm. L. S Tr. Co.
c
N. Y ., Farm. L. S Tr. Co.
c
F. 1., Farm. L. & T. Co.
Jan. 1, 1926
Jan. 1, 1947
July 1 1926
A lt. J u ly,1916
May 1, 1912
July 1, 1925
A ug., ’ 02, 3%
July 1, 1931
M c h .1 /0 2 , 3%
June 1, 1919
July 1, 1917
July 1, 1950
c
6 g- A. S O. Crocker-W oolw orth Bk. Apr. 12, 1937
6
F. & A.
1915
5
5
4
6
6
6
5
4
4
4
ggg.
ggg.
g-
F.
J.
J.
A.
M.
A.
F.
M.
F.
J.
& A. N. Y .,U . S. M. & Tr. r 0.
c
& J. Boston S Oakland, Me.
S J. Boston, Nat. Shaw. Bk.
c
Fayetteville, N. C.
S O.
c
S N. Lon.,Bar.Bros.& Co.,L’d
c
S O. N. Y. Of., 12Q B roadw ’y
c
S A. N. Y ., Office, 120 B ’ way.
c
S N. N. Y ., M ercantile Tr.Co.
c
& A 'J. Y ., P h en ix Nat. Bk.
& J. N. Y., 8.Pac., 120 B ’way
A ug.
July
July
Oct.
May
Apr.
Aug.
N ov
Feb.
July
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1918
1917
1950
1914
19 go
1910
1936
1951
1951
1937
4 g. J. & D. 1st coup, paid Dec.1899 Aug. 1, 1949
J. & J. N. Y ., 120 B roadw ay. Jan. 1, 1911
6
do
do
D ec. 1, 1905
4ia g. J. & D.
N e b a s t i c o o k 6c M o o s e h e a d R « . —V. 68, p. 1078. On June 24.
1899, A. B. Thom pson, o f Pittsfield, Me., was appointed receiver.
S l i a m o k i n S u n b u r y & L c w i s b u r g R R . — ^arbon Run Jet. to
West Milton, Pa., with iron bridge over Susquehanna, 31 miles; second
track, 15 miles; tota l o f all track, 57 miles. Leased to Philadelphia &
Reading RR. July 2, 1883, fo r 999 years at 6 per cent on the stock,
and lease assumed in 1896 b y Philadelphia & R eading R y. Used for
coal traffic northward. Stock, $2,000,000 (par, $50) ow ned by Reading
Co., o f w hich $1,995,000 is deposited under m ort. o f ’97. —(Y. 51, p. 21.)
S h a m o k i n V a l l e y & P o t t s v i l l e R y . — (See Map Pa. R E .)—8unbury, Pa., to Mt. Carmel, Pa., and branches, 38 miles. Leased Feb. 27,
1863, for 999 years to the N orthern Central R ailw ay Co., with a guar
antee o f taxes, interest on the bonds and 6 per cent on the stock, of
which $619,650 is ow ned b y the N orthern Central. The $2,000,000
first 3 ^ (o f which Penn. R R. Jan., 1902, ow ned $1,610,000), were issued
to retire the 7s at m aturity J u ly 1 ,1 9 0 1 .—(Y. 73, p. 1 3 9 ,1 0 6 2 , 1314.)
S h a r o n R y . —Owns from N ew castle. Pa., via Sharon, to Pym atuning. Pa., with branches. 33*07 m iles in all. Consolidated w ith N ew
castle & Shenango V alley RR. and thereupon leased to the Erie RR.
for 900 years from Dec. 1 ,1 9 0 0 , fo r interest on bonds and 6 per cen t
on stock, the old leases being can celed.— V. 72, p. 88; Y. 73, p. 399.
S h o r e L i n e R y . o f N e w B r u n s w i c k . - Y . 7 3 , p. 664.
S h r e v e p o r t 6c R e d R i v e r V a l l e y R y . —Shreveport, La., to
Hessmer, 150 miles, operated in A pr., 1902, and furth er extension p ro
posed to the M ississippi R iver and to N ew Orleans. Of the bonds,
$20,000 are authorized to be issued per mile and $300,000 additional
for a bridge over the Red R iver at A lexandria. V. 72, p 1 189. Stock,
O f which outstanding:............... ...........................................................
12,775,000
$800,000 authorized- President, W m. Edenborn, 71 Broadw ay, N. Y.
D eposited or to be deposited to secure th e $10,000,000 c o ll.tr .
- V . 7 2 , p. 1189.
ref, 5s
............... ......................................................... . . ....................
20,000,00)
S i e r r a R a i l w a y ( o f C a l i f o r n i a ) . — Owns road from Oakdale,
R eserved to retire at m aturity, dollar fo r dollar, all th e under
on line o f Southern Pacific, to Carters, Tuolum ne County, 58 miles.
lying bonds on the various divisions o f th e sy stem ....................
29,725,000
Issuable only a fter July 1,1903, fo r additional properties, im
Opened N ovem ber 1 0 ,1 8 9 7 . Branch, Jam esto wn to A ngels, 19 miles,
provem ents, exten sion s, etc., at n o t ex ceed in g $i,5uu,u<J0 fo r
alm ost com pleted in July, 1902. Stock authorized, $5,000,000; is
fo u r years and $1,000,000 per annum t' e r e a fte r ...........................
12,500 000 sued, $2,750,000
Second mort. incom e bonds $15,000 per mile. For
The collateral trust refunding gold 5s o f 1901 w ill he secured b y de 6 months ending J un e 30, 1900, gross, $100,534; net, $45,485; int. on
p osit with the trustee o f $20,000,000 4s o f 1900 and w ere applied to bonds, $27,810. Y ear 1899, gross, $206,365; net, $103,620. President,
fund the $3,400,000 6 per cent certificates (V. 70, p. 842), called fo r A . Poniatow ski; Secretary, L. R ickey, San F ran cisco, Cal.
p aym ent on Aug. 2 8 ,1 9 0 1 , to purchase a one-fifth interest in the roa d
S i e r r a V a l l e y s R R . —Plum as to C lairville, Cal., 31 miles. Stock,
from R ichm ond, Va., to W ashington, D. C., and m in ority stocks o f su b $945,000; par, $100. Operated in 1902 b y the N e v a da-California-Ore
sidiary lines, and to provide fo r retirem ent o f m aturing car trusts, gon Ry. under an agreem ent. Pres., H enry A. B ow en, San Francisco,
floating debt, future betterm ents, etc., and to retire the collateral trust Cal.—V. 74, p. 776.
5s, due O c t , 1902 (Y. 71, p. 6 9 )), fo r w hich an equal am ount o f co l
S i l v e r S p r i n g s O c a l a 6c G u l f R R . — See A tla n tic Coast Line RR.
lateral trust 5s are reserved. V. 72, p. 1280. The $2,483,000 Ga. &
A la. 5% preferen ce bonds w ere paid Oct. 1 ,1 9 0 1 .
S i l v e r t o n R R . —Owns Silverton, Col., to Iron ton , 22 miles. In
G e n e r a l F in a n c e s .—C apitalization per m ile is reported as $19,380 July, 1899. A lexan der A nderson w as appointed receiv er.—V. 69, p.
bonds, $6,560 preferred and $11,450 com m on stock. Interest on bonds 132. Stock, $350,000; par, $100. Bonds. $425,000 1st gold 20-year
and rental charge fo r year 1902-3 (not allow ing fo r equipm ent trusts 6s, due Oct. 1, 1908. Y ear 1898-99, gross, $ 10 ,88 5 ; net, $ 1 ,8 9 9 ; in
issued since June, 1901), about $2,525,000. See Y . 72, p. 1231; Y . 74, terest and taxes, $27,120.—(V. 69, p. 132.)
p. 774. In F eb., 1902, issued $700,000 equipm ent trusts.—Y. 74, p. 328.
S o m e r s e t R y . — Owns road from Oakland to Bingham, Me., and
R oad opened in 1890. Capital stock la $736,649
L a t e s t E a r n .—3 1 mos., > 1901-2.Gross, $10,632,804; net, $3,197,986 branch, 42 miles.
Ju ly 1 to M ay 31.
S 1900-l.G ross, 10,053,969; net, 2,558,165 (par, $100). Of the 4s o f 1900 M aine Trust Sc Banking Co., Gar
diner, Me., trustee, the b alance are reserved to retire the old 5s at or
R e p o r t .—Fiscal year ends June 30. R eport fo r the year ending before m atu rity.—Y. 70, p. 1096. B ills payab e June 3 0,1 90 1 , $20,5319
J un e 3 0 ,1 9 0 1 , w ith bal. sheet o f Dec. 3 1 ,1 9 0 1 , w as in Y . 74, p. 774.
E arnings.—R ep ort fo r year 1900-01 in Y. 73, p. 1008, showed:
/---------------Year en d ed
>
Dec,. 31, 1901. June 30,1901. Gross, $109,123; net, $30,429: charges. $17,760; balance, surplus for
Gross earnings from railw ays......................... $10,840,803
$10,426,279 year, $12,659.—(Y. 70, p. 895, 1096; V. 73, p. 900, 1 0 0 8 .)
G ross earnings from water l i n e s ..............
504,867
502,772
S o u t h C a r o l i n a <fc G e o r g i a E x t e n s i o n J R R . > See South’n Ry.,
S o u t h C a r o l i n a 6c G e o r g i a R R .
S Carolina Div.
Total gross earnings. ................................$11,345,670
$10,929,051
S o u t h C a r o l i n a P a c i f i c R y . —North Carolina State lin e to Ben
N et earnings, including other i n c o m e ....... $3,648,909
$2,820,073 netts ville, 8. C., 10*5 miles. Leased till Dec., 1924, to A tlantic Coast
D e d u ct—interest on b on d s............................. $2,383,737
$2,254,889 Line RR. fo r interest on bonds. Stock, $ LOO,000. Bonds, see table.
Other interest
.........
176,518
177,117
S o u t h e r n C a l i f o r n i a R R . —Offer to m inority stockholders in
R entals and m iscellan eou s..........................
57,306
58,408
Apr., 1902, see V. 74, p. 728
S o u t h e r n I l l i n o i s 6c M i s s o u r i R r i d g e C o .—Owns a bridge
Balance, surplus................................................ $1,031,348
$329,659
O f f ic e r s .— President, John Skelton Williams; V ice-P resident and under con struction across the M ississippi R iver betw een Thebes, III.,
G en . Mgr., J. M. Barr; Secretary, D. C. Porteou s; Treas., John H. Sharp. and G ray's P oint. Mo , form in g a direct con n ection between the Chi
cago < Eastern Illinois and the St. Louis Southwestern R y. Stock,
fc
D irectors.—John Skelton Williams, R ich m on d, Va.; Jam es M. Barr, > o rfo lk ,
$50,000, all outstanding. In Nov., 1901, made a $3,000,000 mortgage.
Va.: E. K, A ddisoa, o f R ich m on d. Va.; J. W . M idden-lorf, W in. A. M arburg. 9.
V. 75. p 7 8.—(V. 74, p. 938; Y. 75, p. 78.)
D avies Warfield and R obert C. D avidson, o f Baltimore. Hid.; G eo. W . W atts.
Durnam N. C.: Jam es H . D ooley. Richm ond, Va.; F. R. Pem berton, New York;
S o u t h e r n I n d i a n a R y . —(S ee M a p '.—Terre H aute. Ind, to WestC.. Siuney Shepard, o f New H aven, N. *.
p ort, 150 in.; Operates Bedford Belt R y., B edford to O olitic, Ind.. 4 m.,
Main office, R ichm ond; N. Y. office. 15 Wall St —(V. 72, p.U280; V. 73, under perpetual con tract, by which earnings above int. on $350,000
p. 33, 1012, 1062; V. 74, p. 96, 269, 328, 380, 728, 7 7 3 , 776, 9 89 ,10 9 0, 5 p. c. bonds go to Southern Ind. Ry.; total, 154 miles. Coal branch
1 1 9 1.
under construction from Jason ville, Ind., southwest, 8k* miles; also
branch to Indian Springs H otel, Is ,m ile s . A reorganization o f Evans
S e a b o a r d A R o a n o k e R R . — See Seaboard A ir Line R y. above.
ville
Rich. R R ., foreclosed Mar., 1897.
S e a C o a s t R R . — In June, 1901, m erged in A tla n tic City RR.
Sto c k .Com m on, $3,000,000; p ref., $ 500 ,000 ; par, $100; all issued.
Bonds.—Of the 1st 4s o f 1901, $5,000,000 are issuable to retire the
S e a t t l e & S a n F r a n c i s c o R y . & N a v i g a t i o n . —Or g a n iz a t io n .
—Incorporated in Maroh, 1899, to ow n 1,931 acres o f coal lands 25 old $1,500,000 5s, construction expenditures in 1901, additional
Miles southeasterly from Seattle, W ash., 24 acres o f term inal and dock equipm ent, etc., and further bonds at $20,000 per mile for single
property at Seattle, etc.; also steamship lines and 35 m iles o f railroad traok and $10,000 per mile for second track constructed or acquired
If built.—V. 68. p. 929. V. 69, p. 386, 852. In July, 1901, the conflict in addition to 150 miles from Terre Haute to W estport —V. 72. p. 1082.
E quip’ t notes, inol. int-., Mar. 29, 1902. $523,331, bonds to retire which
betw een opposing interests w as reported settled —V. 73, p. 83.
Stock, $3,000,000. Bonds, $1,500,000 1st 40 year gold 5s,dated Apr. are available under the m ortgage. See Y. 74, p. 776, 1197.
1, 1899, int. A-O at M etropolitan Trust Co., N. Y ., trustee; $825,000
L atest E arnings. —6 mos., $ 1901 ___Gross, $310,845; net, $141,978
issued. See full particulars in V. 69, p. 182, and advertisem ent in
July 1 to Dec. 31.
1 1900 .. Gross, 203,665; net,
59,329
C h r o n ic l e o f Ju ly 2 2,1 89 9 . President, W. E. Guerin.—(V. 73, p. 83.)
See six m onths’ statement in full, C h r o n ic l e , V. 74, p. 676.
133
Gilman
Y ates'
C ity
E ffn er
Bunker'
Mortem
R isk
Swanningfcon
^ vT en ip ie® ii
Cissna Park
Mackinaw
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Hoopeston
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a F a y ette
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BONDS.
STOCKS AND
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Lincoln
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L ea v en w orth
M A P OF TIIF
Shaded Lines show Coal Fields.
lN e w S ib ;
■hclbyvi lie
l C oryd ^ h
W A R R I C K
*
B o o n v ille . s t . l . /
AND CONNECTIONS
D
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July,
RAILROAD STOCKS AND
1002 I
BONDS.
S^X C^LY M FM A \ 7 T a c o m a
1T e n i n o
Seattle
Pembina
K a la rn a
4 « r
^ark
t i l
y m
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^
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\ \ ? /K w
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SantajRo3
alia
iP
MAP OF THE
■ aASH LAN
O ?Venadil
Southern Pacific Company’s
SYSTEM ,
TREN
ORO-
Parras
M
atam
oras
>\0U anG
R 0;
‘Delta
R e d d in g
G R J S A T jm
n.derso
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B in gh a m ?
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S h a ffe rs
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C
Utah Lcike/Vp
H u m b o ld t
' Lake
Norman
•Colusa Jc
William
Ukiah
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C a rson
S in k
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Virginia City
W O U N D H O U SE.
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Sevier Lake .
r
\ \
V-yySANTA «■
Hawthorne
lriokton
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« t' oN£
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Su m m it
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SANTA CRUZS
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SOUTHERN PACIFIC COMPANY
ISO
INVESTORS’
SUPPLEMENT.
[YOU L X X V ,
Bonas—r n iio i INTEREST OR DIVID EN DS.
R A ILR O A D S.
Miles Date Size, or
pal, When Due«
A m ount
Par Outstanding Rate per When W here Payable, and by Stocks—Last
of
of
For explanation o f colum n headings, &c., see notes
Road. B on ds Value.
Cent
Whom.
on first page o f tables.
Payable
Dividend.
Southern Pacific RR.—Stock, $159,445,000 a u th ...
An
f 1st M., series A , gold 1 land gran t.. 0*)
AnnaHv J 8eries B, g o ld ...........1 sink’ g fu n d .c* 1
3
‘ ? 1 Series C & D, g o ld ., f n ot subject.o* (
secured. [ Serie8 E & F> gold j
t0 cafi.
S. Pac. Br. 1st M., g., s.f., $50,000 in 1897, n ot dr’n
So. Pac. gen. m ort. ($38,000,000), gold.Ce...c*<fcr
Stockton & Copper. 1st M., g. (guar, by C .P .).......
1st cons. M., guar., gold, s. f. not d rn .C e.........c*&r
do g.,gu.,st p. subj.to call 1 0 7 1 aft. I905..c*<fcr
$
So. Pac. o f A rizona, 1st M., ser. A, gold,gu ar.c& r
Series B, gold, gu a r......................................... c&r
So. Pacific o f New M exico, 1st m ort., gold.._c<fcr.
B onds assu m ed in Con so lid atio n of 1898.
C alifornia Pacific, 1st m ort., gold (ext’d in 1887)
2d M., gold,gu.p.& i., end. b y Cen. Pac., ext. in ’ 91
3d M.. gold, guar.by Cent. Pac. ($1,000,000 are 3s)
Northern Ry. (Cal.), 1st m ort., lnt’st guar., gold
Con. M. ($21,000,000), g., 1st on 225 m.UiLC*<fer
N orthern California, 1st m ortgage, gold ...............
S o u th er n R a il w a y —('om . stock, $126,000,000 .
Preferred. 5 per cent, non-cum u., $ 60 ,0 0 0 ,0 0 0 ...
1st con. M., 1st on 900 m .g. ($120,000,000 Ce.c*<fer
So -L. & N. j ‘t M., $15,500,000. red 10"* a f.’07.c&r
Equip, trust, ser A gojd due May and N o v .P l P .c*
do
do ser. B., due Mar. and S e p .P I P ___
A .—P r o p e r t i e s m e r g e d in t o S o u t h e r n R a i
A tlantic Tennessee & Ohio 1st m ortgage. C«*___
Ch. Col.& Aug. 1 Rt M. (int. in gold); V ,5 9 ,p .l0 0 6 Ce
2d m ortgage C e .......................................................
Colum bia < G reenville 1st m ort., g o ld .C e — c*
&
1 f\ e
A.
1,U40
187
1,587
26
1,982
392
392
167
79
114
114
149
373
54
4,502
_
_
LWAY
44
191
191
164
f 1875
j 1875
1 1876
11882
1887
1888
1875
1893
1893
1879
1880
1881
$100 101,424,160
500 &c. 12,637,500
500 &c.
4,525,000
500 &c.
7,931,000
500 <fee. 5,124,000
1,000
3,533,000
1,000
1,000
500 &c.
500,000
500 &c.
6,809,000
500 &c. 20,420,000
1,000
6,000,000
1,000
4,000,000
1,000
4,180,000
A.
A.
A.
A.
A.
A.
J.
M.
M.
J.
J.
J.
<
fe
<
fe
&
&
&
&
&
&
&
&
&
&
O. N. Y .,S .P ac., 1 2 0 B ’w ay
do
O.
do
0.
do
do
do
do
O.
do
do
O.
O.
do
do
J.
do
do
do
N.
do
do
N.
do
120 B ’ way
J. N. Y .,8 .P a c.,
do
do
J.
J. N. Y ., 120 B roadw ay.
1,000
2,232,000
4*2g. J.
1,000
1,595,000
4 ^ g . J.
500
2,998,500 3 g. & 6 g. J.
1,000
5,156,000
6 g. J.
1,000
5 g. A.
4,751,000
1,000
1,074,000
5 g. J.
100 120,000,000
100 60,000,000 4 in 1901 A.
1894 1,000&© 33,706,000
5 g. J.
1902 1,0004? c See text.
4 g. J
1900
1 ,0 c 0
2,337,000
4 g. M.
1,000
1901
4
M.
2,220,000
Co.
1883
6
A.
150,000
1869
500&C.
1,578,000
5 g. J.
1872
A.
1,000
7
500,000
1,000
J.
1881
2,000,000
6
&
&
&
&
&
&
J.
J.
J.
J.
O.
D.
&
&
&
&
O.
J.
J.
N.
S.
<
fe
A
&
&
A pr., 1913
O. N. Y .. .T. P. Moreran & Co.
July 1, 1909
do
J.
do
1902 o r 1910
do
do
O.
Jan. 1, 1916
do
J.
do
1867
1871
1875
1877
1888
1889
A nnual R eport.—R eport fo r the year ending June 3 0 , 1901, w as in
V. 73, p. 1261, showing:
Y ea r.
Gross.
Net.
Int., taxes, etc.
B at., sur,
1900-1.......... $439,828
$145,741
$112,411
$33,330
1899-0 ......... 363,*95
149,897
96,545
53,352
President John R. Walsh; Secretary, C. F. W einland, 204 D earborn
St., C hicago, 111.-(V. 74, p. 428, 6 7 6 , 776, 1197.
S o , M o , & A r k . R R . - See St. Louis Memphis & 8outheast’n R R .
L atest Earnings.—11 mos., $1901
Gross, $202,452; net, $84,544
Jan. 1 to Nov. 3 0 ............ £ 19 00 ___ Gross, 169,759; net, 63,407
—V. 73, p. 83, 958, 1161; V. 74, p. 96.
S o u tli P a c ific C o a st R y . —N a r r o w G a u g e .— A lam eda to
Santa Cruz, 77 m iles; branches, 27 m iles; ferry, 3 m.; total 104 miles.
Leased fo r 55 years from Ju ly 1, 1887, to Southern P acific Com pany,
w hich guarantees the bonds and ow ns all the $6,000,000 stock. Year
1900-01, gross, $911,673; net, $64,742; def. under charges, $207,923.
S o u th e r n P a c ific C o m p a n y .-(N e e M a p s .)— R o a d .— This com
pany ow ns no track in fee, but p rincipally through ownership o f stock,
partly by lease it operates a great system o f roads extending from
San F rancisco to New Orleans (thence b y com pa n y's steam ers to New
Y ork , etc.), and to Portland, Oregon, to Ogden, Utah, w ith branches.
O r g a n iz a t io n .— Organized under law s o f K entucky. In February,
1901, the Union P acific acquired $75,000,000 (since largely increased))
o f the capital stock, a strong w orking control, but the road will ^ontinue to be operated independently. V. 72, p. 242, 284; V. 75, p. 136.
tin der plan fo r readjustm ent o f Central Pacific securities, the Southern
P acific in 1899 acquired the entire capital stock o f the Central Pacific.
See that com pan y’ s statem ent: also see below . It is proposed to
expend large amounts in im provem ents during 1901-2. Y. 73, p. 33;
V. 74, p. 1197
System com prises the follow in g fu lly described under their own titles.
(1) P r o p r i e t a r y L in e s .
M iles.
39
Co n t r o l l e d (a l s o l e a s e d b y ) S o . Houston & Shreveport R R .........
P a o. Co.
Miles. 3) Co n t r o l l e d b y M o r g a n ’ s L a . &
Central Pacific R R ...........................1,359 T e x .—Op e r a t e d I n d e p e n d e n t l y .
South Pacific Coast R y .................
101 Gulf Western Tex. & Pac. R y __
111
Southern Pacific RR...... . ..........3,273 Iberia & Vermilion R R .................
16
Oregon & California RR . . .
.. 671
Total Proprietary L ines......... S,6t50
(2) Co n t r o l l e d b y S o . P a c . C o T o t’ l,c1educ.242 ra. leas, to A lch .8 * 4 2 4
Op e r a t e d I n d e p e n d e n t l y .
Galv. Harrisb’g & San Anton. Ry. 917 (4» L e a s e d a n d o p e r a t e d .
88
New York Texas & Mexican R y .. 122 New M exico & Arizona R R ........
263
Houston & Texas Central R R ... «70 Sonora R y ......................................
Total RR. Mileage Ju n e30, vvj.. 9,0j 7
Louisiana W estern R R ................
141
Morgan’s La. & Tex. RR. & SS.. . 3V4 T ot’ I,deduc.242 m. leas, to A tc h .8 ,7 7 5
Texas & New Orleans RR___ .. 371 Steamship Lines............................ 5,865
Galveston Houston & Northern,.
50
A f f il ia t e d L in e s , Etc .
Carson & Colorado R y...................
300 San Antonio & Aransas Pass Ry. 687
Gila Valley Globe & North’n Ry.. 124
Houston E. & W. Texas R y ........
191
Grand total o f o^ned, leased and affiliated ines.
In Jan., 1900, So. P acific interests acquired con trol o f the G alveston
H ouston & Nor., H ouston to G alveston, 53 m. In Feb., 1900, substan
tially all the stock and b onds o f the Carson & C olorado were acquired
and the road w ill be broad-gauged and even tu ally extended as a lmk in
a new line m ade from Los Angeles, in Southern California, easterly
tow ards Salt Lake, Utah. The Ogden & Lucien RR. w ill be built dur
in g 1902-04 from Ogden to Lucen, 107 miles, as a cut-off, saving 46
m iles. V. 74, p. 380. 1197: V 71, p. 85. In N ov., 1900, a ma jority of
Pacific Mail SS stock ($10,005,000) was acquired. V. 71, p. 1013,1^12.
P roprietary Lines.—These, with a tota l m ortgage indebtedness
June 30,1901, o f $307,293,529.are m ostly ow ned—on ly $12,341,377 out
o f their total stock o f $303,924,572 n ot being held on July 1, 1901, by
the Southern P acific Co. “ Omnibus L ease,” see Sup’ t o f Jan., 1899.
St o c k , E t c .— Total stock authorized, $200,000,000, including $67,
275,500 exchanged in 1809 fo r Central Pacific stock—see Central Pa
cific and V. 68, p. 378, 725; V. 69, p. 132; V. 70, p. 740
B o n d s .—The 4 per cen t collateral trust gold bonds of 1699 are lim
ited to $36,819,000, and are subject to call at par on six month*-*
notice. The first issue o f $28,818,500, secured by the $67,274,200
com m on and $12,000,000 preferred stock of the Central Pacific, was
issuable forthwith. The rem aining $8,000,000 can be issued from
tim e to time on ly as an equal am ount of Central Pacific p referred is
received and added to the collateral, $5,000,000 o f this stock being
reserved for im provem ents and additions on the Cent. Pac. at not
exceedin g $200,000 yearly—see Cent. Pac. and V. 68, p. 378. See
M ortgage A bstract, V. 69, p. 859.
The two-tive-years collateral trust 4*28 o f 1900, limited to $30,00<V
000 (present issue, $15,000,000>, are secured b y deposit of $7,174,000
par value o f various bonds and $59,487,000 stocks o f com panies con
trolled, including Pacific Mail etc., and $1,530,000 Wells, Fargo & Co
stock; other $15,000,000 is issuable against the deposit o f additional
stocks and bonds o f com panies con trolled or acquired up to 90 per
cen t o f the actual cost thereof. See M ortgage A bstract, V. 71. p .i ■-14 .
The first refunding 4s and 30-year gold 3Ljs issued by the Cen
tral Pacific are unconditionally guaranteed, principal and interest.
In July, 1902, a plan was under consideration for the issuance of
long-term low -rate refunding bonds. V. 74, p. 2fc9.
E a r n in g s - For 11 months ending M ay 31:
11 mos.
Gross.
Net.
Oth. ins. Charges. B a t s u r .
1 901-2____ $77,079,008 $25,705,992 $1,027,847 $ 2 5 ,8 1 2,065 $4 21,774
1900-1........ 70,959,651 24,401.^05
...........
....
.........
Charges in 1901-2 include $10,950,072 expended for betterments.
6
6
6
6
6
5
5
5
5
6
6
6
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
do
do
do
do
do
do
do
do
do
do
do
do
N .Y.,J. P. M organ & Co.
N.Y., J. P. M o r g a n C o .
In t’st from J u ly 1,1902
P rov.l i.& T i .. o.,P hila.
do
do
Apr. 1, 1905
Oct. 1, 1965
Oct. 1, 1906
A pr. 1, 1912
A pr. 1, 1937
Oct. 1, 1938
Jan. 1, 1905
N ov. 1, 1937
N ov. 1, 193T
Mch., 1909
Mch. 1, 1910
Jan. 1, 1911
Jan.
Jan.
July
Jan.
Oct.
June
1,
1,
1,
1,
1,
1,
1912
1911
1905
1907
1938
1929
Apr. 15,’0 2 ,2 ”
^
July 1, 1994
July i , 1952:
To N ov. 1,1907
To Sept. 3 0 /0 8
a n n u a l R e p o r t .— Fiscal year n ow ends June 30. R eport fo r 1900-1
at length in V. 74, p. 43 to 52; editorial. V. 74, p. 67. A verage freight
train load, 305 tons in 1900-1, against 289 in 1899-0; a v e ra g e receiptsper m ile, *997 cents, against *976 cents in 1899-0
Heceipts—
19r0-l.
1899 0.
Aver, miles—Proprietary ^nd non rroprietary................ 8,054*97
7,545*17
Gross receipts from proprietary and non-proprietary
lines and miscei. receipts o f prop, companies:
$68,920,414
Transportation r e c e ip t s .............................................. 477,244,898
Trackase and other rentals..................................
519,045
48' .311
Income from sink, funds pledged for redempt’n o f bonds
416,('67
652.646
Income from investments.
92,365
1 1,838
Income from lands and securities not pledged for re
demption o f bonds
........................................................
52^,352
340,693
Interest on open accounts . .................................................
637,134
432.375
Miscellaneous receipts.
...
...................... •
.
5,4 62
12,152
Gross receip s South. Pac. Co. from sources other than
operations o f leased lines........................................
I,663.3f8
2,147,710
Total receipts, ...
...........
.............. ;...........$81,107,0 2 $68,12»,140
E xpen ded fo r accou n t o f proprietary com panies, viz.:
Operating ex p en ses....................................................................... $49,098,027 $11,400,800
T a x e s ................................................................................................ 1,780.987
1,073.656Trackage and oth er ren tals....................................................... 1,328,566
1,225,023
In terest on fu n d ed d e b t............................................................ 12,795,430
11,610,258
In terest on Central Pacific RR. n otes ..............................
1,276.209
1,409,713
Interest on open accou n ts...............
.................................
479,774
315,634
General adm inistration and m iscellaneou s ex p en ses.......
46,619
82,841
...........................
182,512
203,607
Land departm ent expenses and ta xes
Sinking fu nd con stru ction and earnings
........................
86«,05?
—
B etterm ents, additions and new eq u ip m en ts...................... 6,870,948
3,063,996
Central Pacific R K. C o ........................
.....................................................
532,998
Ot»*er charges against Southern Pacific Co., viz.:
In terest o n fu nded debt o f Southern P acific C o ................ 1,629,810
1,200,242
............
Sinking fu nd contribution s ...................................................
75,000
Insurance, ta xes and all oth er accou n ts ex cep t fo r de
ficits in operations o f leased lin es
................................
601,660
844,827
D iscou nt on Southern Pacific Co. 4 ^ p e r ce n t b on ds.......
165,000
............
A dvan ces to San A n ton io & Aransas Pass R y .C o ..............
465,609
632,012
Total expenditures.........................................................$77,651,112 $04,209/10Surplus over all disbursem ents................................... $3,456,660 $3,918,630
The gross transportation receipts for the year entL.ig June 30,1900, includ
ing Houston < Texas Cen'ral RR. and subsidiary lines (8,215*32 average miles)
fc
and Cromwell Steamship Co. were $68,089,817, against $77,244,898 (on 8,654*97
average miles) in 190u- a; net, $23,735,607, against $*28,146,871 in 1899-0,
President, E. H. HarrimaD.—(V, 74, p. 4 1 , 4 3 , 2 6 9 ,3 8 0 ,5 7 8 ,7 7 7 ,
1197; V. 75, p. 136.)
S o u t h e r n P a c i f i c R R , o f A r i z o n a . —See Southern Pacific RR.
below .
S o u t h e r n P a c i f i c R .R . —(S ee M a p s .) —R o a d .—Owns all the Cali
forn ia lines o f the Southern P acific system e x ce p t th e Central Pacific
and the South P acific Coast. The road ow ned aggregates about 3,273
miles, em bracing a through line from east bank o f R io Grande R iv er
ihrough New M exico and A rizona, v ia Los A ngeles, San F rancisco and
Oakland, to Tehama in No. C alifornia, with num erous branches. Of
the lines ow ned and leased in 1902 (7 mile? are leased), 3,031 were
operated in the Southern P acific system , 242 miles (M ojave to
The Needles) bein g held under lon g lease b y A tchison in e x
change for leases o f 350 m iles o f roads in New M exico and Arizona.
V. 65, p. 931, and A tch. T. & S. F. item, p. 1 11 3; see V. 64, p. 609.
The construction o f 55 miles from E llw ood, Col., to Surf opened in
Mar., 19< 1, furnishes coast line from Los A ngeles to San Francisco.
(V. 68, p 617; V. 72, p. 582.)
O r g a n iz a t io n .— In corporated on M arch 7, 1902, as a consolidation
o f the So. Pac. HR. com panies o f Cal., Ariz. and New M exico.—V.74, p.
578. The Southern Pac. R R. o f Cal. was leased to Southern Pac. Co.
fo r fixed charges, betterm ents and additions and a certain percentage
o f the surplus incom e under the “ om nibus lease.”
St o c k .— Of stock of com panies consolidated So. Pao. Company June
3 0 ,1 9 0 1 , held $127,t55,569
B o n d s .—Consolidated, Moi'tgage o f Sept., 1893, (see full abstract V.
57, p. 1041), provides for all prior liens and new construction. Bonds
m ay be issued not exceedin g $30,000 per mile, o f which $7,500 a mile
is reserved for additions and betterm ents. See V. 57, p. 469. This
m ortgage in January, 1899, cov ered 3,982 m iles, o f w hich it is an
absolute 1st lien on 724 miles. The supplem ental m ortgage issued in
1898 lim its this ioan to $30,000,000, (exclu sive o f bonds to be issued
against underlying securities). M ost o f the consols are stamped subject
to call at 107*3 after 1905 as show n in table above. iV. 67, p. 1111.)
L a n d G r a n t .—The land grant was 12,840 acres per mile, and proceed6
of sales go to retire bonds, but a large proportion o f the lands bar
ren and useless for agricultural purposes w ithout irrigation. In 1900-1
sales were 75,527 acres for $135,843 and 56,924 acres w ere surren
dered: interest on deferred paym ents, $24,921: land notes outstanding
June 30, 1901. $2,097,432. See So. Pac. item V. 65, p. 778.
Tn Jan.. 1902, the U. ■ . Suprem e C ou it confirm ed the com pan y’s
*
claim to about 3 ,000.000 acret* in dispute —(V. 74, p. 152, 269.)
E a r n in g s (3,273 miles). > 1 9 oi-2 .G ross,$76,555,824; net,$13,731,7^3
11 mos., July 1 to M ay 31. \ 1900-1 .Gross, 23,640,598; net, 10,353,557
A n n u a l R e p o r t .—The earnings o f the properties consolidated for
the year ending June 30, 1901, were, gross, $25,036,972; net, $11**
872,581; charges, $9,706,759; balance, surp., $ 2,It 5,822. In 1899-0,
gross, 423.25^.868; net, $10,196,405. Annual report o f the form er
southern Pacific RR. (2,712 miles) for year ending June 30, 189o,
was given at length in V. 67, p. 1052, 1062. In 1900-1, gross. $18,891,487; net, $7,293,467; other incom e, $744,261; charges, $7,824,-
137
RAILROAD STOCKS AND £OND8.
J u ly , 1903.J
jsonas — 1 rrnolINTEREST OR DIVIDENDS
Miles Date Size, or
pal,When Due.
Amount
When
of
Par
For explanation o f column headings, Ao., see notes of
Outstanding Rate per Payable Where Payable, and by Stocks —Last
Road. Bonds Value.
Whom.
on first page of tables.
Cent.
Dividend.
RAILROADS.
S o u th e r n R a il w a y —(C on tin u ed ) —
Georgia Pacific 1st m ortgage. C e ........................ 0*
Equipment mort., gold, s. f., subj. to c a ll.. .c*
Richmond A Danville cons, mortgage, g o ld .C e .o
Deben. mort., old 6 s (no longer in com es).C e...
Equip. Trust bonds, gold, s.f.,subj. to oall.Ce.c*
Richmond Y ork R iver A Chesapeake 1st m ort.G
2d M., extended from 1900............................... G
Virginia Midland—Serial m ortgages......................
General m ortgage . C e . . . ........................................
Washington Ohio & Western 1st mortgage. C e.
Western No. Carolina, 1st con. m ort., gold.Ce.o*
East Tennessee Virginia A Georgia—
Div. M., g., (Bristol, Tenn. to Selma, AlaJ.Ce.o*
E .T.V a.A Ga. cons. M., g .($20,000,000).CAT.Ce
Ala. Cent. 1st M., Selma to Meridian, g o ld .C c—
B.—Southern R a il w a y D ivisional Secu rities ..
East Tennessee lien, gold .........................................
1st mort. on Memp. A Ch., $8,000,000, g..G .c*
Charlottesville & Rapidan, 1st m ortgage.............
Aiken Branch, 1st M., gold A (V. 68 . p. 8 26 }.......
St. Louis div. 1st m., $15,500,000, g .I C .----- c*Ar
Col.M.,g.,$9,500,000, s.f., sec.M .AO gen.4sGc*Ar
Mob. A Ohio bonds and stock trust cert. See M o b .
C.—O n pro pe rties pra c tic a lly o w n ed b y (*) OB
Northern Alabama R y.—See that Company.
•Atlantic & Yadkin 1st M., g., guar............. Ce.c*
TJRlchm. A Mecklenb., 1st M., $315,000, g old ,..o
ITAtlanta A Charlotte—Stock...................................
Pref. M. (old 7s ext. in 1897, V .64, p.286) cur.c*
1 st m ortgage...........................................................r
Incom e bonds (not cum.) 6s, ext. at 4 p .c........ r
Also additional amounts pledged J u n e3 0 ,1901,
566
1882
1889
. . . . 1874
1882
____ 1889
38 1873
38 1880
. . . . 1881
347 1886
50 1884
309 1884
552
1,020
95
1880
1886
1879
$5,660,000
114,000
5,997,000
3,368.000
539,000
400,000
500,000
7,635,000
4,859,000
100AO.
1,000 a l , 025,000
1,000 b 2 ,531,000
$ 1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
3,106,000
12,770,000
1 ,000,000
1894
4.500.000
5.083.000
1898
1,000
1879 lOOAc.
293,900
150,000
1898
500
1901
1,000
11,300.000
1901 l.OOOAc
7,855,000
& O m ORR Co.
LEASE DTO(U ) South ERN R y .
292
28
24
365
166
31
1899
1899
265^
265U}
___
under
1877
1877
1880
firste
6 g.
5 g.
6 g.
5
5 g.
5
4Jr
4 ,5 , 6
5
4
6 g.
5 g. M. A
4, 432, 5 J. A
6
J. A
4 g. J. A
4 g. J. A
4 g. M. A
1,500,000
4 g.
315,000
4 g.
1,700,000 612 m ’01
500,000
4 0.
4,250,000
7
500
750,000
4
onsolida ted m ortgag e : a $22
t A il o r n e a r ly a ll o f th e c a p it a l s t o c k o w n e d . If S ee th is c o m p a n y .
1 E x c e p t 35 m ile s In M iss iss ip p i w h o s e s e c u r it ie s a re a ll o w n e d .
A lso has o n e -s ix th in te r e s t In B ie h m ’ d -W a s h in g to n C o., o w n in g u n ion
fine b e tw e e n R ic h m o n d a n d W a sh in g to n , 1 1 5 m ile s . V . 7 3 , p . 4 9 3 .
A lso h as p e r p e tu a l tr a c k a g e r ig h ts o v e r A t la n t ic C o a s t L in e R R .
b etw een S a v a n n a h , G a ., J e s u p an d J a c k s o n v ille , F la ., 1 7 2 m ile s , b e
g in n in g J u ly 1 ,1 9 0 2 . V . 7 5 , p. 31.
a f f il ia t e d b u t o p e r a t e d s e p a r a t e l y (See e a ch C o.)
A la b a m a G r e a t S o u th e r n —
3 5 7 I N o r th e rn A la b a m a ..................
119
C in cln . N . O. A. T e x . P a c ific .. 3 3 6 |G e o r g ia S o u th e rn & F la .......... 2 8 5
T h e L o u is v ille E v a n s v ille A St. L ou is w a s ta k e n o v e r a ft e r f o r e
clo su re on J a n . 1 , 1 9 0 1 , an d in 1901 a msij r t t y o f t h e s t o c k a n d g e n
eral m o rtg a g e b o n d s o f th e M o b ile & O h io w ere a c q u ir e d . S ee b e lo w .
V. 70, p. 7 9 2 , 1 2 9 2 ; V. 7 1 , p. 60 3; V. 7 2 , p. 45. E n s le y , A la ., to P a r
ish, 35 m iles, a b o u t c o m p le t e d in A p r., 19 02 . V. 7 1 , p. 4 4 8 .
O r g a n iz a t io n , E t c .—A r e o r g a n iz a tio n in 18 94 o f th e o ld R ich m o n d
A W est Pt. T er. R a ilw a y A W a reh ou se sy ste m .
T h e re o rg a n iz a tio n
p l a n p resen ted In M a y , 1 8 9 3 , w as g iv e n in fu ll in V. 5 6 , p. 8 5 8 , 8 7 4 ,
and certa in c h a n g e s th e r e o f in pp. 1 0 1 6 ,1 0 5 8 , a n d V. 5 7 , p . 6 1 .
The
modified plan o f Pel). 2 0 , 1 8 9 4 , w a s g iv e n In fu ll In V. 5 8 , p. 3 6 3 , 3 8 5 .
As to Cl'jioln n ati N ew O rlea n s A T e x a s P a c ific , s e e th a t c o m p a n y . O n
Ju ly l , 1898, a b so r b e d M e m p h is A C h a rle s to n . V, 8 6 , p . 3 9 , 185.
M obile A B irm in g h a m R R . (1 4 9 m iles) w a s le a s e d fr o m J u n e 1,
I 809, for 99 y e a rs. V. 6 8 , p. 429, 1 134; V. 60, p. 39 1.
In A p r., 18 99 , p u rc h a s e d th e N o rth e rn A la b a m a . Sh effield to P a rrish ,
Ala., and b ra n ch , 1 19 m iles (V . 68. p. 8 2 4 . 8 7 3 ); a lso a c q u ir e d c o n t r o l
o f and lea sed th e S ou th C a r o lin a A G e o r g ia . V. 0 9 , p. 390.
A tla n tic A D a n v ille h a s b een lea sed fo r 5 0 y e a rs fr o m .July 1. 18 99 .
in J u n e, 19 0 2 , p u rc h a s e d all th e s t o c k and b o n d s o f th e A tla n tic
V a ldosta A W e s te rn R y ., V a ld o s ta , G a ., to J a c k s o n v ille , F la ., .112
miles. V. 7 4 , p. 1 309
On J u ly 1, 1 9 0 2 , th e A s h e v ille & S p a r ta n b u r g R R . C o., th e S ou th
C arolina A G e o rg ia R R . (Jo., the S ou th C a ro lin a & G e o r g ia Ex tt-n d on
RH, Co. and th e C a ro lin a M id la n d R y. C o. w e r e c o n s o lid a te d u n d e r th e
name o f the S ou th ern R y., C a r o lin a D iv is io n , a n d lea sed to the S o u t h
ern B ailw ay. V . 7 5 , p . 31.
STOCK. A u th orized $ 1 2 0 ,0 0 0 ,0 0 0 common arid $ 6 0 ,0 0 0 ,0 0 0 Jinn p e r
cent, n o n -c u m u la tiv e p r e f e r r e d slock. N o a d d itio n a l m o r tg a g e can be
put. upon the p r o p e r ty , n or can th e am ount, o f th e p r e fe r r e d s t o c k bo
increased w ith ou t th e c o n s e n t o f h o ld e rs o f a r m U o r ify o f the p r e fe r r e d .
As to qu estion w h eth er the preferred, s to ck is s u b je c t to c a ll, s e e V. 7 2 ,
p. ll3<;. In J a n ., 1 9 0 0 , r e d u c tio n o f th e s t o c k w as a u th o rize d by th e
Virginia L eg isla tu re, on m a jo r ity v o te , w h e n e v e r d e em ed d e-d ra b le.
V. 70 p. 177, 9 4 7 , 1150.
Both cla sses o f s to c k o f th e n e w c o m p a n y (e x c e p t su fficie n t to q u a lify
at rectors) are d e p o s ite d w ith th r e e s t o c k tru stees. T h e s t o c k sh a ll be
&
A
A
A
A
A
A
A
A
A
A
J. N. Y., J. P. Morgan A Co.
A.
do
do
J.
do
do
O.
do
do
8.
do
do
J.
do
do
N.
do
do
S. Safe D. A Tr. Co., Balt.
N. N. Y ., J. P. Morgan A Co.
A.
do
do
J.
do
do
5 g. J. A J.
5 g. M. A N.
6 g. J. A J.
1,000
1,000
100
1,000
1,000
430; b u t . , $213,298; net profits under lease, $1,250,706. In 1899-00,
gross, $17,514,960; net, $6,693,841.—(V. 70, p. 995; Y. 71, p. 136; V.
72, p. 582. 628; V. 74, p. 152, 2 >9.)
S o u th e rn P a cific It F t.o f N ew M e x ic o —See So. Pac. BE. above.
S o u th e rn R a i l w a y C o m p a n y ,—(See M a p , p a g e s 1 4 4 and
1 4 5 .) —• ompany operates 6,729 miles, extending from Washington,
C
D. C., and West Point and Richmond, Va., to Danville, Y a., Greensboro,
N. C., Norfolk, Ya., Charlotte, N. C., Columbia, N. C., and Atlanta, Ga.,
thence northerly to Bristol, Tenn., southeasterly to the coast at Bruns
wick, Ga., and w esterly across the States o f Alabama and Mississippi
to the Mississippi R iver at Greenville. W ater lines—Balt. Ches. &
Richmond S. B. Co., 200 miles.
Owned in fee—
Miles.
Leased—Continued.
Miles.
Alexandria (nearW ashing’n)
Sumter A Water6e R iver RR.
Wateree Jet. to Sumter......
16
to Greensboro, N. C............ 280
Charlotte .N.C.,to Aug’ sta.Ga. 191 UNorth Carolina R R .—
Goldsb., N. C., to Greensb.. 130
Col’m bia,8.C.,toGreenv.,S.C. 144
W. Point, Va., to N eap olis... 179
Greensb. to Charlotte, e tc ..
94
Salisbury, N.C.,to Morristo’n,
Atlantic & Danville R y. —
N orfolk to Danville, Ya.,
Tenn....................................... 228
and branches ................... 282
Memphis to Stevenson, Ala... J272
Operated under agreement—
Bristol to Chatt’ga, Tenn___ 242
K noxville to Cumb’d Gap.Ky
62 tR osw ellR R. (narrow gauge)
10
Controlled by securities—
Ooltewah Junction,Tenn., to
Brunswick, Ga...................... 415 tHAshev. & Spartanb’ g R R .. 134
Austell,Ga., to State L., Miss. 261 State U niversity R R ............ .
10
Elberton A ir Line R R ............
51
Atlanta June., Ga., to Y ork,
A la.......................................... 271 tHKnoxville A Ohio R R ........
69
Atlanta, Ga,,to Ft.Valley,Ga. 102 North Carolina M idland.......
54
E. St. L., HI., to N. Alb., In d . 263 Carolina Midland.................... 137
Branches, etc........................... 1,450 Other roads.
85
Trackage Rights—
23
Total ow ned...................... 4,360 H ardeev’ e, S. C,, to Sav., Ga.
7
Washingt’n,D.C.,to A lex.,V a.
Leased!—
39
Stevenson to Chattanooga, A c
27
York, A la., to Meridian,Miss.
Atlanta A Charlotte Air L.
Chari.. N.C., to Atlanta, Ga. 268 Birmingham to Mobile Jc., Ac
18
10
HGeorgia Midland R y ............
98 Kentucky A Indiana Bridge.
Franklin & Pittsylvania.......
30 Selma,N.C.,to Pinners Pt.,Va. 1 5 5
20
i If Richmond A Meeklenb.RR,
31 O th er........................................
f Mobile A Birmingham B E .—
T o t a l m ile a g e o p . J u l y , ’ 0 1 .6 ,7 2 9
Selma, A la.,to Marion Jet.. 149
JiSoutb Carolina A Ga. R R,—
C o n tr o lle d — o p e r a t e d s e p a r a t e ly .
M o b ile & O h i o ............................ 8 7 4
Charleston, 8. C., to Augus
241 A u g u s ta 8 o u t h e m ................. ...
____ta, Ga., and branches___
82
J.
F.
J.
A.
M.
J.
M.
M.
M.
F.
J.
do
do
do
do
do
do
Jan. 1, 1922
Various.
Jan. 1, 1915
Apr. 1, 1927
Sept. 1, 1909
Jan., 1910
N ov., 1910
Var. 1906-31
May, 1936
Feb. 1, 1924
July 1, 1914
July 1, 1930
Nov. 1, 1956
July 1, 1918
S.
do
do
Mch., 1938
J.
do
do
July 1, 1996
J. Phil.,Tr.SafeD.AIns.Co. July 1, 1913
J. N. Y., J.P. M organ A Co. July 1, 1998
J.
do
do
Jan. 1, 1951
8.
do
do
Sept. 1, 1938
A. A O. N.Y., J.P. Morgan A Co.
M. A N.
do
do
M. A 8 . N. Y., Central Trust Co.
do
do
A. A O.
J. A J.
do
do
A. A O.
do
do
5,000.
b $1,325,600.
Apr. 1, 1949
Nov. 1, 1948
Mar. 6 , ’02, 3*s
Jan. 1, 1907
Jan. 1, 1907
Jan. 1, 1907
held hy the stock trustees and their successors, jointly till July 1 ,1 8 9 9 ,
and fo r such further period (if any) as shall elapse before the preferred
stock shall have paid five per cent cash dividend in one year, although
the stock trustees may, in their discretion, deliver the stock at an
earlier date. Stock trustees, J. Pierpont Morgan, Charles Lanier and
George F. Baker. Provisions o f voting trust and pref. stock cert, in
Sup . o f A pril, 1897, page 6.
D iv id e n d s (p.c.) ) 1897
1898
1899
1900
1901
1902
on preferred
5
1
1
2
3
4 A pr.,2 ^
B o nds .—The new first consolidated mortgage, Central Trust Co.,
N. Y ., trustee (see a b s t r a c t in V. 59, p. 783), is secured b y m ortgage
and pledge o f all the property o f the com pany. The total authorized
issue is $120,000,000 gold bonds. (V. 70, p. 1150), as follow s:
Issued to June 30, 1901 (of which $2,538,000 in treas ).,. $36,053,000
bonds” (see V. 59,
Issuable only to ( “ prior bonds”Jsee V.J59, p. 7 8 5 )............ 65,531,000
<
stocks (see V. 59, p. 7 86 )...........................
5,700,000
retire certain < equipment obligations (see V. 59, p. 786)
(
773,700
To be issued hereafter only for extensions and additions
at n ot exceeding $2,000,000 yearly, with a single excep
tion as to $4,000,000 (see V. 59, p. 7 8 6 )............................. 11,942,300
Prior bonds must be paid by maturity.
Divisional First Mortgage bonds, issued in 1898 on account o f pur
chase o f Memphis A Charleston Ry., bear 4 per cent interest from Jan.
1 ,18 98 , to July 1, 1901; then 4 ^ per cent to July 1, 1906, and 5 per
cent thereafter. The total authorized issue is $8,000,000, but $1,500,000 can be used only to build a line replacing trackage between Steven
son and Chattanooga, 38 miles. Of the rem ainder o f the loan, $5,083,000 were issued to retire old m ortgage indebtedness. The bonds cover
the 292 miles o f main line and branches, at $17,408 per mile. The b al
ance ($1,417,000) is held for betterments at not exceeding $100,000
yearly. See description o f loan in V. 67. p. 179.
Second m ortgage on form er Memphis A Charleston secures $2,500,000 o f 5 per cents, o f which $1,500,000 ow ned b y So. By. June 30,
1901, ana $1,000,000 reserved fo r improvements. St. Louis Division
m ortgage covers the form er Louisville Evansville A St. Louis RR.,
consisting o f 374 miles o f main line and branches, the balance un
issued, $4,250,000, being reserved fo r extensions, im provem ents or
additional equipment— V. 72, p. 138.
The collateral trust 4s o f 1901 w ill be issued dollar for dollar in e x
change for the M obile A Ohio general 4s as acquired, by a pledge of
which they w ill be secured. Stock trust certificates for M. & Ohio
stock w ill also be issued,upon which dividends will be payable at 2 per
cent for one year, 3 per cent for the second year and 4 per cent in
perpetuity thereafter. V. 72, p. 242, 822. In 1902, $7,943,000 o f the
$9,472,000 bonds and $4,932,600 o f the $5,320.000 stock had
been deposited. V. 72, p. 439; V. 73, p. 664.
T h e d a te o f m a tu r ity o f th e C h a r lo tte C o lu m b ia A A u g u s t a s e c o n d
m o r tg a g e , as g iv e n th e r e in , is O ct. 1 , 1 9 0 2 ; in th e b o n d s th e m s e lv e s ,
J a n . 1, 19 10 . V . 7 1 , p. 8 5 . E q u ip m e n t t r u s ts m a tu re as fo llo w s : S er
ies A , $ 2 2 5 ,0 0 0 e a c h in M a y a n d N o v ., 1 9 0 1 , a n d $ 2 1 3 ,0 0 0 M ay 1 a n d
$ 2 1 2 ,0 0 0 N o v . 1 In e a c h y e a r th e r e a fte r ; S eries B , $ 1 8 0 ,0 0 0 e a c h ,
M ar. 31 am i S ep t. 3 0 ,1 9 0 2 a n d $ 1 7 0 ,0 0 0 e a c h M .A S . t h e r e a ft e r
In
A p r , 1 9 0 2 , c o n s o ls w e r e b e in g is s u e d in e x c h a n g e , d o lla r f o r d o lla r ,fo r
th e $ 2 ,0 0 0 ,0 0 0 C h a r lo tte C o lu m b ia & A u g u s ta 1 st 5s; $ 4 2 8 ,0 0 0 h ad
th e n b e e n e x c h a n g e d .— V . 7 3 , p. 1 2 6 5 .
G e n e r a l F in an ces .—C e r tifica te s o f In d e b te d n e s s in c u r r e d f o r p u r
c h a s e o f p r o p e r t ie s J u n e 3 0 , 1 9 0 1 , $ 4 ,1 8 0 ,0 0 0 . V. 73, p . 3 4 1 . D u r in g
1 9 0 0 -0 1 , $ 4 ,7 4 2 ,0 0 0 c o n s o l. 5 s w e r e is su e d . E q u ip m e n t n o te s o f o ld
c o m p a n ie s J u n e HO, 1 9 0 1 , $ 1 3 4 ,8 7 3 ; m lso e l. e q u ip m e n t o b lig a tio n s
a d d itio n a l to th o s e a b o v e , $ 1 ,2 2 7 ,9 1 7 .
T h e L o u is v ille E v a n s v ille
A St. L o u is C o n s o lid a te d R R ,, a c q u ir e d p e r p la n V . 7 0 , p. 1 2 9 1 , fu r
n ish es th e S o u th e rn a n o w lin e in to 8t. L ou is. U n d er th e p la n th e
S o u th e rn issu ed Its St. L o u is d iv . g o ld b o n d s . V. 7 2 , p. 1 3 8 . T h e a c
q u is itio n o f th e M o b ile A O hio in 1 9 0 1 a ffo rd s a lin o t o M o b ile a n d
M o n t g o m e r y , A la ., etc. S ee B o nds a b o v e .—V .7 2 , p. 2 4 2 ; V. 7 3 , p , 3 4 3 .
In A p r ., 1 9 0 2 , th e d iv id e n d w a s in cr e a s e d to th e fu ll 5 p e r c e n t ra te.—
V. 74, p. 57 8.
In J u ly , 19 0 2 , th e S o u th e rn R y , an d L o u tsy lllo A N a s h v ille h a d ao
q u lr e d a m a jo r it y o f t h e $ 1 5 ,5 0 0 ,0 0 0 C h ic a g o I n d ia n a p o lis A L o u is v ille
s t o c k In e x c h a n g e fo r th e ir J o in t 5 0 -y e a r 4 p er (sent b o n d s on th e b a sis
o f 7 H fo r th e c o m m o n an d 9 0 fo r the p r e fe r r e d s t o c k , o r o p t io n a lly s lx to n th s o f the p u r c h a s e p r ic e in c a sh . V, 7 4 , p. 1.029, 1090.
L a t e s t E a r . ’ or 11 J 1.901-2 G ro s s , $ 3 1 ,0 1 0 ,0 7 1 ; n o t , $ 1 0 ,0 8 2 ,8 0 8
n
trios., J u ly 1 to M a y 31.
I 1900-1
.G ro s s ,
3 2 ,9 0 0 ,1 4 6 ; n et.
10,0 1 9 ,38 4
O p e r a tin g 0 ,7 6 0 m iles In 1 0 0 1 -2 , against. 0 ,7 2 8 In 19 0 0 -1 .
L or 0 m o«. e n d in g D oe, 3 1. 1901, a p p r o x im a te o a r u ln g s w ore, n ot,
$ 6 ,1 1 5 ,0 5 0 , a g a in s t $ 5 ,6 7 2 ,7 5 0 In 1 0 0 0 ; o th e r In com e, $ 4 1 4 ,5 2 7 }
Charges, $ 4 ,0 0 0 ,6 2 2 ; d iv . o n p r e f. ( 2 'a p.
$ 1 ,5 0 0 ,0 0 0 ; hal., stir.,
$ 0 3 8 ,0 5 5 .
A n n u a l R e p o r t .— F is c a l y e a r e n d s J u n e 30. A n n u a l m e e t in g in h e ld
th e s e c o n d T u e s d a y In O c to b e r . Tim r e p o r t f o r 1 0 00 01 w a s g iv e n a t
le n g th In V . 7 3 , p. 334, 840. B ee a ls o e d it o r ia l p, 315.
T ra ffic. -T h e fr e ig h t to n n a g e is w id e ly d iv e r sifie d , w h ich Is an e l e
m e n t o f s tre n g th . A g ricu ltu r a l p r o d u c ts In 1000-01 fu rn ish ed o n ly
about, 14 p e r cent; (c o tto n a b o u t 5 p e r c e n t ), w h ile o v e r 38 p er c e n t
w a s from m in in g in d u s tr ie s (28 p er c e n t lin in g c o a l) and a b o u t 29 p e r
c e n t w as p r o d u c t o f m a n u fa c to r ie s . T o n ra te, O"047 c e n t s p er iri«; train
lo a d , 2 2 3 ton s. E a rn in g s , e tc ., (In c lu d in g In 1901 th e Ht. L o u is d iv is io n ,
374 m ile s, fo r the 6 m o n th s e n d in g J u n e 3 0 , 1001, and s u n d ry m ile a g e
fo r v a rio u s p e r io d s , see V. 7 3 , p. 3 4 0 ), h a v e been as fo llo w s ;
138
INVESTORS’
SUPPLEMENT,
[VOL. LXXV.
jtso/uis—irriiu>i INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,W hen Due,
A m ount
Par
of
of
F or explanation o f colum n headings, &c., see notes
When
Outstanding R ate per Payable Where Payable, and by Stocks—Last
Road. Bonds Value.
on first page o f tables.
Cent.
Whom.
Dividend.
RAILROADS.
S o u th ern R a il w a y —( Concludedh
^Georgia M idland 1st m ort., interest g u a r.C e ,...
98 1896 $1,000
$1,650,000
3 g. A. & 0 . N. Y.,J. P. Morgan & Co.
1946
__ _
....
100
UNorth Carolina—Stock, 7 per cent, guar.......
7
4,000,000
F. & A.
Burlington, N. C.
A ug., 1 9 0 2 ,3Lj
66 1885
*K noxville
Ohio, 1st m ort., gold C e .......... c*<fer
1,000
2,000,000
6 g. J. & J. N .Y., J. F. Morgan & Co. July 1, 1925
16 1899
Sumter & W ateree R iver R R . 1st M .C e ............ .
>
1,000
100,000
O.
5 g A.
do
do
A pr. 1, 1919
^M obile & Birm ingham R R .. prior lien, g ,C e » ..c 149 1895 200, 1,000
600,000
do
do
5 g. J. & J.
July 1, 1945
149 1895 200, 1,000
1st m ortgage, $1,200,000.M e ............................. c
1,200,000
4
J. & J.
do
do
July 3, 1945
Preferred s to c k .........................................................
100
900,000
3 to 4 J. & J.
July 1, ’02, li*
1,000
278 1900
IFA tlan tic & D an ville 1st M . M e ..........................
3,925,000
4 g J. & J. N. Y .,M ercan t. Trust. Ju ly 1, 1948
Southern Railw ay, Carolina D ivision—
1,000
l[So. Carol. & Ga., 1st M., g., $ 5,250,000.C e— c* 245 1894
5,250,000
5 g. M.
N. N.Y., J.P. M organ & Co. M ay 1, 1919
—
1895
1,000
*8part. U nion & Col., $1,000,000, gu. Ash. & Sp.g.
1,000,000
J. & J.
do
do
Jan., 1995
i g ‘ J. < J.
1902
N ew consol, m ortgage, $ 18 ,00 0 ,00 0.N .................
See text.
4 g.
te
New York.
J u ly 1, 1952Southwest Pennsylvania—Stock ($3,000,000 auth.). 126
50
....
1,499,900 10 in ’01 A. & O. Phila., B road St. Stat’n Apr. 1, ’0 2 ,5 %
1st M., sink, fund $5,000 yearly, n ot d raw n....... r 126 1877
1,000
F. & A.
900,000
7
do
do
Feb. 1, 1917
Spartanburg Union & Columbus—See SOUTHERN R y ., C AROLI NA DlVI SION.
Southwestern ( Ga.)—Stock (see te x t )..........................
333
100
....
5,191,100
5
J. & J. Sav., Ga. & M acon, Ga. July5,’02,2i*%
....
6
100
Spuyten D uyvil dP>tMor.-Stoe\z,Sp.c.gu.,N .Y.Cent.
989,000
8
J. & J. N. Y ., Gr’d Cent.Station July, 1902, 4%
24 1898
State L in e & Sullivan—1st m ort., $300,000, g .U n c*
1,000
275,000
4i* g. J. & J. N. Y ., U nion Trust Co. Jan. 1, 1929
13 1893
1,000
Staten 1st. R y.—1st M .,$1,000,000, gold, gu. M e ..c*
511,000
4 ^ g. J. & D. N. Y .,offi.foot W hitehall June 1, 1943
Staten Island Rap. Tr.—See B a lt im o r e & O h io ...
23
Stockbridge d Pittsfield—6 p.c. ren talN .Y . N.H.&H.
....
100
448,700
6
Q .-J .1 5
Stockbridge, Mass.
Ju ly, ’ 0 2.1 i*%
1894
Sullivan County RR.—1st m ortgage, $400,000---- c
1,000
357,000
4
A. & O. Bos. Safe D ep. & Tr. Co. Apr. 1, 1924
Sunbury Hazle. d Wilkesb.—Sunb>ry d Lewistown— See P ENNSY LVANIA RR.
Suncook Valley—Stock, 6 p. c. rental Con. & M on .. ....
....
100
240.000
6
J. & J. M ’n ch ’ st’r ,N. H. ,N at. Bk J u ly ,’ 02, 3%
30 1873 500 &c.
Sussex R R .—\$>t m ortga ge.............................................
235,500
7
A. & O. N. Y ., D. L. & W. Office. Apr. 1, 1903
Syracuse Binghamton d New York—Stock .................
81
....
100
2,500,000 8 in 1901 Q .- F . N. Y .,D . L .& W . RR. Co. M ay 1, ’02. 2%
Consol. M.(p. andi. gu. (end.) b y D.L.&W.)-F.c*<fcr
1,000
81 1876
1,966,000
7
A. & 0 .
do
do
Oct. 1, 1906
Syracuse Geneva d Corning—Stock <3** p. c. rental) ....
....
100
1,325,000
Q .- F . N .Y., Gr. Cent. Station. A u g.1 ,’02, 78%
3*2
1st m ortgage, s. f., dr’n at p a r . F ......................... e
57 1875 100 &c.
417,100
M15&N. N. Y ., Farm. L. < Tr. Co. Nov. 1 5,1 90 5
fc
7
1,000
57 1879
600,000
M. & S. N. Y .t Gr. Cent. 8tation. Mch. 1, 1909
2d m ortgage. F . ....................................................... c
5
Tacoma Eastern—Is tM g.,$20,000 p erm .red .at 103
. . . . 1900
1,000
200,000
6 g. M. & N. Tit.G uar.& T r.C o.,P ort. May 1, 1905
1
Tears end. June 30.
A verage miles op er.
1901.
1900.
1899.
1898.
6,612
6,306
5,377
4,837
$
$
$
$
F reigh t........................ 22,929,496
21,006,730 16,099,293 13,679,164
Passengers.................
8,818,287
7,737,455
7,083,253 5,394,518
Mail, express, e t c ...
2,912,700 2,456,685
2,171,140 2,022,157
Gross earnings......... 34,660,483
31,200,870 25,353,686 21,095,839
Oper’ g exp. & ta x es. 24,343,625
21,831,447 17,356,355 14,501,864
O p .e x p .to g r o s 8 ,p .c .
(70*23)
(69*98)
(68*45)
(68*74)
N et earnings............
10,316,857
9,369,423
7,997,331 6,593,975
Other in com e............
498,706
318.805
328,470
348,376
T otal net in com e
10,815,563 9,688,228
8,325,801 6,942,351
Interest and rentals,
7,181 296 6,755,442
6,207,253 5,862,768
Other d edu ction s....
93,767
15,535
24,028
72.571
B al., sur. fo r y e a r....
3,540,500
2,917,252
2,094,520 1,007,012
D ividends o n p r e f...(4 )2 ,4 0 0 ,0 0 0 (3)1,800,000 (2)1,172,904 (1)543,000
O f f i c e r s .— President, Sam uel Spencer, 80 B roadw ay, N ew Y ork ;
Seo’y, R. D. Lankford, 80 B’dw ay, N. Y .; Treas’r, H. C. A nsley, 1300
Pen n sylvan ia A venue, W ashington, D. C.
1900-01, gross, $272,116 ; net, $ 6 7 ,8 6 7 ; interest, etc., taxes, $27,700;
dividends (8 p. c.), $ 4 0 ,0 0 0 .- (V. 65, p. 8 6 7 .)
S u n b u r y H a z l e t o n Ac W i l k e s b . R y . >
See P ennsylvania
S u n o u r y Ac L e w i s t o w n R y .
{
R ailroad.
S u n c o o k V a lle y R R . - Owns road Suncook to Pittsfield, N. H ., 17
miles. Leased till 1912 to Concord & M ontreal fo r 6 p. c. on $240,000
o f capital stock; total stock issued is $341,700, o f w hich $101,700 is
non-dividend paying. President, H iram A . Tuttle, Pittsfield, N. H.
S u s s e x R R . —Owns road from W aterloo to Franklin, N. J., and
branch. 30 miles. R oad opened 1854. Since 1881 operated b y Del.
Lack. & W., which ow ns a m ajority o f the $1,638,600 stock. D ividends
aid from earnings of 1899, 3 p. c.; 1900, 4 p. c.; 1901, A ug., 2 p. ct
901, 2 p. c. F or year ending Deo. 3 1 ,1 9 0 1 , gross, $164,546; net, $58.855; charges,$ 1 6 ,5 9 2 dividends (2 p. c.), $b2,772; balanoe, sur., $9,491.
S y ra c u se R in g h a m t o n Ac N . Y . R R . —Geddes, N. Y., to B ing
ham ton, N. Y ., 81 miles. Controlled since 1869 b y D elaw are Lack. &
W ., which, June 3 0,1 90 0 , ow ned $1,901,900 stock and guar, the bonds.
D iv id e n d s ....... > ’ 88
’ 89
’90
*91 '92 to M ay, 1902, inelus.
P e r c e n t ............£ 12
8
8
13
8 y ea rly (2 p. e. quar.)
Directors.—A. B. ADdrews, Raieisrh, N. C.; Joseph Bryan. Richmond, Va.; W.
E a r n in g s .
Gross.
Net.
Int.
Divxde'nds. B a l.9sur.
W . Finley, Washington. D. O : S. M. Inman. Atlanta, Ga.: Adrian lselin Jr.. 1 9 0 1 ............$1,070,917 $476,217 $137,620
$200,000
$138,597
Samuel Spencer Charles Steele, James T. Woodward, Harris C. Fahnestock
- ( V 65, p. 5 6 8 .)
and Robert M. Gallawav o f New York
S y ra c u se G e n e v a Ac C o r n in g R y . —Corning, N. Y ., to Geneva,
— (V. 74, p. 1039, 1090, 1253, 1309; V . 75, p. 31, 7 8 ,1 3 6 .)
S o u th e r n R a i l w a y , C a r o lin a D i v i s i o n .—Charleston, S. C., N. Y., 58 m iles; Penn Y an to Dresden, 6 m. F orm erly leased to Fail
to Augusta, Ga., w ith branches to Colum bia, S.rC., etc., 252 miles; Brook R y., but lease canceled and new lease m ade from M ay 1 ,1 8 9 9 ,
Camden. 8. C., toM a rion .N . C., 171 miles; A sheville, N. O., to A lston. for term o f corp ora te existen ce to N. Y. Central, fo r $46,375 per an
S. C., 134 miles; other branches, 138 miles; total, 695 miles. Leased num, payable quarterly, interest on bonds and other obligation s,taxes
to the Southern R y. A consolidation o f the A sheville & Spartanburg and repairs, the N. Y. C. ow n in g $802,875 o f the $1,325,000 stock, par
Carolina M idland, South Carolina and G eorgia & South Carolina & $100. This rental is equivalen t to a 3*a per cent dividend on the stock.
D iv id e n d s since 1 8 9 1 : In 1 8 9 2 ,1 0 p. o . ; in 1 8 9 3 ,1 2 p. c.; in 1894,
G eorgia E xtension railroads. Stock authorized. $7,798,700. Of the
consols o f 1902 (*18,000.000 authorized), $6,250 000 are reserved to 7 p. o.; in 1895, 8 p. c.; in 1896, 8 p. c.; in 1897, 6 p. c.; in 1898, 6 p. o.
*
retire at or before m aturity the underlying divisional bonds, $5,000,000 in 1899, Mar., 3 p. c. U nder new lease. 3 1 p. o. per annum is paid.—
are to be used to reim burse the Southern Ry. fo r the previous pur (V. 68, p. 573; V . 73, p. 1063; V. 74, p. 328.)
chase o f the several properties, and the rem ainder for im provem ents,
T a c o m a Ac C o lu m b ia R i v e r R y . —See V. 71, p. 646, 1311.
equipm ent and extensions, $4,000,000 being reserved fo r a n o rth
T a c o m a E a s t e r n R R . —Under con stru cton from Tacom a. Wash.,
w estern extension into and through the States o f South Carolina,
ard
Wash., about 34
N orth Carolina, V irginia, Tennessee and K en tu cky. V. 75, p. 136. southeasterly towin A E atonvilie, Stock. $250,000, m iles, o f w hich 25
miles com pleted
pr , 1902.
all issued. Bonds
President, A . B. A n drew s.—(V. 75, p. 3 1 ,1 3 6 .)
are subject to call at 103 on any interest day. F loating debt Apr.
S o u tit S lio re R y ,—See Quebec Southern R y
1 ,1 9 0 2 . about $250,000. President, Edward Cookingham , Portland,
S o u ilt & W e s t R R - Johnson City, Tenn., to Caney R iver, N C., Ore.; Secretary, E. M. H ayden, Tacom a, ore.—(V. 71, p. 343 )
3 3 1 mi es; also graded from Johnson City, Tenn., to Gate City, V a.,
*
T e h u a n t e p e c N a t io n a l R y . —V. 72, p. 283; V. 74, p. 94.
40 miles, and from Clinchport, V a , to M inneapolis. V a., 40 miles. A
Te
s e e C e n tra l R
. —Nashville, Tenn., easterly to Harriconsolidation in June, 1902, o f the Ohio R iv er & Charleston Ry. with man, n n e sbranches, 22 miles,R total o f about 200 miles. E xtension from
with
a
other properties. V. 74, p. 1091. Stock, (?). The stockholders on N ashville w esterly via Clarksville to State line and connection with ill
June 25, 1902, authorized a m ortgage to secure $600,000 bonds. Central was under construction Julv, 1902. The N ashville Terminal
President, George L. Carter.—(V. 74, p. 1091; V . 75, p. 78.)
Com pany’ s facilities, to be built, including terminals and bridge across
S o u tliw e s t P e n n s y lv a n i a R y .—Greensburg, Pa., to Fairchanoe, the Cumberland River, are leased fo r 99 years from May 1, 1902.
Pa., 45 miles, and branches, 90 m. Leased to Penn. R R ., which pays A consolidation in April, 1902, o f the Tennessee Central R y., Nashville
net earnings as rental and ow ns $1,057,250 stock and $600,000 bonds. < K n oxv ille RR. and The. Tennessee Central B y., under the name of the
fc
N ashville & Clarksville RR., the latter changing its name to the Ten.
D iv id e n d s — >1892. ’ 93. '94. '95. ’ 96. 1897 to A pr., 1902.
nessee Central RR. Co. as above. V. 73, p. 337, 392; V. 74, p. 577, 831.
P e r c e n t ..,, v 10
10 10
11
11
10 per cen t yearly.
S e c u r i t i e s .— Stock authorized, $8,0<><-,000, all com m on (par of
Tr.Dec. 31. Gross.
Net.
Int.Ja.xes.de.
Divid*ds.
Balance.
1901______$1,691,921 $253,904
$127,250
$149,990 def. $23,336 shares, $100), issuable at $25,0u0 per m ile. The citizens o f Nashville
1 90 0 ......... 1,424,956
364,059
214,069
140,990
.... on Aug. 30, 1 9 o i, voted to subscribe to $1,000,000 stock, the sub
1 8 9 9 ......... 1.006.444
224,706
106,799
149,990 def. 32,083 scription price to bo paid on com pletion o f the road from N ashville to
* Includes $19,909 oth. inc. in 1899; $17,513 in 1900; $3,985 in 1901. Clarksville. Suit, Y . 74, p 1309.
The new Tennessee Central RR. bonds,
Ju ly
are
S o u t h w e s t e r n H R . ( G a .)—Owns M acon, Ga., to Colum bus and issuable at $25,oii0 per mile; o f the present dated (about1, 51902, 0 ()0 )
issue
$ ,<'00 ,
Eufaula; Fort V alley to Columbia, A la., etc., w ith branches; total, 189 m
$3,306,000 are reserved to retire the Tennessee Central Railway and
Leased for 101 years from Nov. 1 ,1 8 9 5 , to Central o f G eorgia Ry. at Nashville & K n oxville RR. bonds. The N ashville Term inal mortgage
a rental o f 5 p. o. on stock. As to suit, see V. 71, p. 809; V. 73, p. 1062. is fo r $1,000,000; see that com pany. The M ercantile Trust Co. of fat
S p u y te n D u y v il Ac P o r t M o r r is R R . —Owns 6 m. double traok Louis is trustee o f both o f the new m ortgages. - (V. 74, p. 1091, 1309.)
and connects the N. Y. Central & H udson with the N. Y. & H arlem.
T e r m i n a l R R . A s s o c ia t io n o f S t. L o u i s .— P r o p e r t y .—
Leased to N ew Y ork Central till Deo. 3 1 ,1 9 7 0 , at 8 per cent on stock.
Owns and operates exten sive terminals at St. Louis, with belt lines and
State L in e & S u lliv a n R R . —Owns M onroeton, Pa., to Berenice, bridges, and a tunnel 4,800 feet in length; operates East St. Louis
Pa., 24 miles. Stock, $980,250 (par $50.) M ortgage covers 5,000 acres Carondelet R y., 12 miles, since Mar. 1,1902. V. 74, p. 47 9. The station
coal lands. The new 1 st 4 ^ 8 are subject to call fo r sinking fund require is leased to tenant lines lo r $325,000 per annum on a wheelage basis.
In July, 1902, the W iggins Ferry Co. and the St. Louis Belt & Termi
ments at 105 until Jan. 1, 1914, and thereafter at par.
V. 67, p. 1209.
Road leased till 1934 to Penn. & N. Y. Canal < R R . (rental. $40,000 per nal Ry., it was understood, w ere abou t to be acquired, the Chicago
fc
R ook Island & Pacific and St. Louis & San F rancisco to becom e tenants.
ann.), and so oper. by Lehigh V alley.—(V. 69, p. 1248; V. 74, p. 479.)
S ta te n I s la n d R y . —Clifton to Tottenville, 12*64 miles. Form erly To pay for the properties acquired and fo r im provem ents, about $20,.
leased to StateD Is. R apid Transit Co., but *inoe July, 1899, operated 000,000 new capital, it was reported, w ould be required. Y. 75, p. 136.
O r g a n iz a t io n .—Organized in 1889. The follow in g com panies are
b y its owners. St o c k .—$1,050,000; par, $75. Of the 4 ^ per cents no
sole ow n ers: Cleveland Cincinnati Chicago & St. Louis. Louisville A
more than $511,000 to be issued excep t on two-thirds vote o f stock.
Y ear ending June 30, 1901, gross, $177,924; net, $36,009; int. and Nashville, St. Louis Iron Mountain & Southern, Balt. & O. South
western, Missouri Pacific, W abash and Pennsylvania, the last nam ed
taxes, $33,367; bal., sur., $2,642.—(V. 61, p. 737.)
in Feb., 1902. V. 74, p. 934. These com
S ta te n I s la n d R a p id T r a n s i t R y . —Purchased at foreclosure having acquired its interestoontract to use the property forever and to
A pril 20, 1899, subject to the first m ortgage by the B. & O.—V. 69, p. panies have agreed under
pay as tolls interest, taxes, rentals and other charges, and each line
284. See B. & O .- ( V .7 0 , p. 585, 895; V. 73, p. 186.)
w ill contribute its proportion to the exten t o f one-seventh of $ 1 ,000,000
S t o c k b r id s e Ac P itts fie ld R R . - Vandeusenville to Pittsfield, to make up any deficiency from unforeseen circumstances. Control!
Mass., 23 m. Leased for 99 years A pril 1 ,1 8 9 3 , to N. Y. N. H. & H., at St. L. M erchants’ Bridge Term. R R .—see that com pany.—(V. 57, p. 1084.)
6 p. o. on stock. Lessee pays taxes. Lease to H ousatonio suspended.
L e a s e s .— The leases o f the B ridge and the Tunnel are for tael)
Su fT olk Ac C a r o lin a R R . —See pa?e 175.
corporate existence, and were made J u ly 1 ,18 81 , to the Missouri Paofik
S u lliv a n C o u n ty R R . —R oad from B ellow s Falls to W indsor. and the Wabash, b v which com panies they w ere assigned to the presen
V t., 26 miles, o f w hich 1 m ile trackage. R oad opened 1 8 4 9 ; operated association. The lease guaranteed 6 per cent on the Bridge Co’ s $2,
s ince April, 1893, b y B oston & Maine. N et earnings, less taxes, paid 490,000 first pref. stock, 3 p. c. on its $3,000,000 second pref. and
lessor. Stock, $500,000, ow ned b y V erm ont V alley R R . F or year p. c. on the Tunnel Co’s. $1,250,000 com m on stock.
?
RAILROAD BTOURB AND ROADH.
J u l y . 1902.]
T 39
Honan—PniAoi
IN TEREST OK DIVID EN DS.
Miles Date Size, or
pal,W hen Due.
A m ount
o
Par
of
Rate per When W here Payable, and by Slocks—Last
F or explanation o f colum n headings, <teo., see notes
Payable
Road. B onds Yalue. Outstanding Cent.
Whom.
on first page o f tables.
Dividend.
R A IL R O A D S .
250
Tennessee Central RR.—T. C. R y 1st
...c *
87
Nash. & Knox. 1st morn, fo r $ 2 ,0 0 0 ,0 0 0 .M e ...c *
m.
m
T.O. R R ., M. $15,000,000, g., red. 105 af. Ju ly,*07.
Term1 Railroad Association—ls tm o r t., gold .C e.o*
1
1st oonsol. m ortgage, $12,000,000, g o ld .C e .. c*
8t. Louis B ridge Co. 1st pref. stock, guaranteed.
2d preferred stock, guaranteed, en d o rs e d .........
1st m ortgage, gold ................................................c*
Tunnel R ailroad o f St. Louis, stock, guar, (en d .).
Term inal R y. (B u ffa lo)—I s t M .,$ 1 ,0 00 ,0 00 ,g., N.c* T i
Terre H aute & Indianan.—Con. M., n ow 1st M .,F .g . 116
116
2d M., con. g., red. aft. Ju ly 1 ,1 9 0 2 , at 105. F - . c
93
Terre Haute & Logansporl R R —1st m ortg a g e .........
Obligations con v ertib le into m ortgage b o n d s ----- 159
138
Terre Haute & F eoria.—F irst m ortgage, g o ld .U n i..
1st con. M., $2,500,000, g., gu. p .& i. (en d .).U n .c*
138
Texas Central—Common stock ......................................
Preferred stock, non-cum ...........................................
1st m ortgage fo r $2,000,000 g., red. at 1 1 0 .F ..C * 204
52
Texas M idland R R .—1st m ortga ge..............................
52
2d m ortga ge...................................................................
Tex.&N. O. o / ’ 74—L’ d g r. s.f.n otd rn ., ls tM .A .c * & r 105
Sabine D ivision 1st m ortgage, gold .................c*<fcr 104
209
Consol. m ortgage fo r $4,195,000. G ................c*<fcr
D a lla s D iv .ls tM ., g .,$20,000 per m. (te x t)U n ..c *
....
Texas sch ool fun d June 30, 1901 ..........................
Texas & Pacific—Stock, $ 50,000,000............................ 1,598
1st M. (Eastern D iv.), gold, s. f. red. at 1 0 0 — o* 519
1st consol, m ort. fo r $25,000,000, g o l d . F F . ...o x 1,387
2d cons. ine. M. ($25,000,000),g. (see rem.).UIe.o* 1,387
Louis. D iv. Br. Lines, 1st M., g. $12,500 p er m.UIe 239
1898
1888
1902
1889
1894
$1,000
1,000
1896
1885
1892
1879
1898
1887
1892
1,000
1,000
1,000
1,000
1893
1893
1893
1875
1882
1893
1900
i,6 o o
1,000
1,000
100
....
100
1879 500 &c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
....
1875
1888
1888
1901
100
1,000
1,000
1,000
1,000
5 g. J. & J. St. L., Miss.Val. Tr. Co. Jan. 1, 194R
$1,550,000
M. & N. N .Y., M ercantile Tr. Co. M ay 1, 1918
6
1,756,000
See text.
5 g. J. & J. In t’st from July 1 ,19 02 July 1, 1952
4 Lag. A. & O. N. Y ., J. P. M organ & Co. Oct. 1, 1939
7,000,000
fc
do
do
4,600,000
Aug. 1, 1944
5 g. F. < A.
2,490,000
6
J. & J.
do
do
July, 1902, 3%
3
J. & J.
3,000,000
do
do
July, ’ 02, lia %
5,000,000
7 g. A. & O. New Y ork and London. Apr. 1, 1929
J. & J. N .Y., J. P. M organ < Co. J u ly, 1902, 3%
1,250,000
6
fc
1,000,000
4 g. A. & o . N. Y ., Grand Cent. Sta’ n A p r 1, 1946
1,900,000
5 g. J. & J. N. Y ., Farm . L. & Tr. Co. July 1, 1925
600,000
do
do
July 1, 1925
5 g. J. & J.
6
J. & J. N .Y .,Farm ers’L.<fcT.Co. Jan. 1, 1910
500,000
4 g. J. & D.
1,281,500
33,000
In default.
Mar. 1, 1937
5 g. M. & S.
2,197,000
5 g. M, & s. Sep.,’96, coup, last paid Sept. 1, 1942
N .Y .,F arm .L ’n & Tr.Co. J an .15,’02, 2**
2,649,400 See text.
do
do
1,324,500 5 in 1902 J. & J.
Ju ly 15,’02,2 *5
do
do
j
500,000
Apr. 1, 1923
5 g. A . & o .
5
J. & J.
N one in 1897-98
150,000
1993
5
J. & J.
N one in 1897-98
750,000
1993
F. & A. N .Y., S. P ac., 120 B ’w ay Aug. 1, 1905
7
915,000
do
do
2,575,000
Sept. 1, 1912
6 g. M. & s.
1,620,000
5 g. J. & J. N. Y ., Central T rust Co. July 1, 1943
N ew Y ork,
A ug. 1, 1930
2,455,000
4 g. F. & A.
M. & N.
349,181
6
2 p. ct. p er an.
38,760,000
3,000,000
6 g. M. & S. N. Y ., Merc. Trust Co. Mch. 1, 1905
21,986,000
5 g. J. & D. N. Y ., Mer. Trust Co.
June 1, 2000
24,980,194
5 g. Mch. 1. 5 p. c. pd. Mch. 1, 1902 Dec. 1, 2000
Jan. 1, 1931
2,661,000
5 g. J. & J. N. Y., Mer. Trust Co.
%
St o c k .— Capital stock outstanding D ec. 31, 1901, $1,441,200.
B o n d s , E t c .— The m ortgage o f 1889 (trustee, Central Trust Com pany,
was described in advertisem ent in C h r o n ic l e o f F ebruary 1 3 ,1 8 9 2 .
The 1st consol, m ortgage o f 1894 (Central Tr. Co., o f N. Y ., trustee,) is
fo r $12,000,000 of 5 p. c. gold bonds, o f w hich $7,000,000 reserved
to retire firsts o f 1889 and $500,000 fo r com pletion o f E ast B elt Line,
o f the latter of w h ich $100,000 has been sold. Y . ~1, p. 914, 964.
Guarantees the $3,500,000 St. L. M erchants’ B ridge Term inal 1st 5s,
and the interest on the $2,000,000 1st 6s o f M erchants’ B ridge proper.
(See those Co’s.) On D ec. 3 1 .1 8 9 9 , there was due from St. L. & M er
chants’ Br. Term inal Co. $1,008,489 fo r advances under guaranty.
Bills payable D ec. 31,1901, $689,463; real estate bonds, $90,000.
A n n u a l R eport.—Y ear ends D ec. 31. R eport in V. 74, p .9 3 4 , showed:
Year—
Gross
Net.
Other inc.
Charges.
B alance.
1901.. .. $2,385,309 $1,489,813
$350,143 $1,402,642
$437,314
1 9 0 0 .. .. 2,127,090
1,329,322
348,219
1,431,728
sr.2 4 5 ,8 i3
1 8 9 9 .. .. 2,119,209
l,36 0,2b 5
348,630
1,428,343
sr.280,553
President, Julius S. Walsh (M arch, 1901); Secretary, Jam es Hanna;
Treas., A. H. C a le f.-(V . 74, p. 152, 479, 9 3 4 ; V. 75, p. 78, 136.)
T e r m i n a l R y . o f B u f f a l o .—B lasdell, N. Y ., to D epew , Erie
Co., N. Y., 11 miles. Opened Sept. 15, 1898. V. 67, p. 530. Stock is
$1,000,000; par, $100. Lake Shore& M ichigan Southern and N. Y. C.
< H. R. RR. each ow n 5,000 shares o f the stock. Y ear to June 30,
fe
1901, gross, $66,441; net, $52,342; interest and taxes, $43,871;
balance, surplus, $8,471. Secretary, E. V . W . R ossiter, N ew Y ork
City.—(V. 64, p. 1138; Y. 67, p. 530.)
T e r m i n a l R R . A T u n n e l C o . o f N e w Y o r k . - Y. 70, p. 281.
T e r r e H a u t e Sc I n d i a n a p o li s H R . —(See Map Pa. R R .)—Owns
Indianapolis to Illiaois State line, 80 miles, with coal branches, 43
miles; total, 123 miles. Leases St. Louis Yandalia < Terre Haute, 158
fc
miles; Terre H aute & Peoria (less trackage rights on 28 m iles and half
ownership in 8 m .), 174 m.; total, 455 m. Pa. Co. ow ns a b lo ck o f the
$1,988,150 stock.
R e c e iv e r s h ip .—On N ov. 1 3 ,1 8 9 6 , Y oln ey T. M alott, o f In d ia n a p o
lis, Ind., was appointed receiver. See statem ent in V . 63, p. 1011.
Decision in O ct., 1900. V. 71, p. 810.
D iv id e n d s : 1878 to 1884, 8; 1885 to F eb., 1894, 6 p. c.; n one since.
On Oct. 3 1 ,1 9 0 0 , bills payable, none; accounts payable, $2,053.
G u a r a n t ie s —Interest on T. H. & P eoria bonds w ent to default, but
Interest on Terre H. & Indianap. con sol. 5s o f 1885 and 1892 has been
paid when due.—Y. 67, p. 30; V. 70, p. 992, 1049.
An n u a l R e p o r t .— F iscal year ends Oct. 31. R ep ort fo r 1898-9 was
In V. 70, p. 992. In 1900-1, on 123 m iles ow ned, gross, $1,588,216; net, $627,047; oth. Incom e, $144,920; interest, $125,000; loss in
operating leased lines, $ 3 2 ,9 7 1 ; balance, surplus fo r year, $614,030.
In 1899-0, gross, $1,620,015; net, $577,176; other incom e, $12,400.—
(V. 72, p. 1380
T e r r e H a u t e 6c L o g a n s p o r t B y . —Owns from South Bend, Ind.,
to Rockville, Ind., 159 m iles; trackage, R ock ville to Terre Haute, 23
miles; stfeel, 60 and 70 lb. Successor on Dec. 1, 1898, to the T. H. &
L. Railroad, sold N ov. 18, 1898, to J. T. B rooks, o f P en n sylvan ia
Co., under foreclosu re o f exten sion m ortgage o f 1893. 'Capital
stock, $2,000,000. R eport fo r calendar year 1900 w as given in
V. 7 2 .p.985. In 1901, gross, $897,660; net, $192,074; int. and rental,
89,679; betterments, $45,511; bai., sur., $56,884. In 1900 gross,
817,457; net, $158,275.— (V. 70, p. 1 0 4 6 ; Y. 71, p. 183; V. 72, p. 9 8 5 .)
T e r r e H a u t e A P e o r i a R R , - ( See Map o f Pen n sylvan ia R R .)—
Road operated from Terre Haute, Ind.. via Decatur, to Peoria, 111., 174
miles, of which 138 miles are ow ned and half Interest ow ned in 8
miles and 28 miles is by trackage over other roads. From Oct. 1 ,1 8 9 2 .
leased for 99 years to the Terre Hautefife Indianapolis at rental o f 30
per cent of gross earnings, with a minimum sufficient to p a y interest
on debt. Bee Y. 55, p. 766. Lessee ow ns $544,200 o f the $1,837,400
preferred and $1,338,000 of the $1,926,800 com m on.
Com m ittee . — Interest due Sept. l , 1896, was paid May 1,
1901, by order o f cou rt; later coupons unpaid V . 72, p. 937. B ond
holders’ Committee Chairman, Mark T. C ox, James A. Blair, Jam es
W, Paul Jr. Depositaries, N. Y. Security & Trust Co. N. Y., and
Drexel & Co., Pin la. a m ajority o f bonds has been deposited and re
ceiver appointed for the T. II. Sc I. R R. (lessee).
The con-,oh [ Union Trust Co. N. Y., trustee], carry the guaranty of
Uu- i . f f -v Indian >
polls.
In May, 1900, the U, 8. Circuit Court of
Appeals affirmed the validity o f the guaranty. —V. 70, p. 992, 1049;
V. 72, p. 481,873. Fiscal year ends Oct. 31. In 1900 OX, gross, $560,621; Tint, $98,793; rental from lessee, $168,186; b iff, loss to lessee,
69,393. In 1899-00, g r o - , -405,080; net, $00,025, (V. 70, p. 9 9 3 ,
950; V. 72, p. 4 8 1 ,8 7 3 ,9 3 7 .)
T e x a n C e n t r a l H R * —ROAD—Huns from R oss, in McLennan Co,,
V A lban y and .8tam ford, T ex., etc., 225 miles, o f which Ross to W aco,
>
11 miles, is Houston
Tex a Central t rackage (being replaced b y
company’ s own line), and e :tension A lban y to Stam ford, 40 miles,
was completed Feb., 1900. P rojected further to Las Vegas, New Mex.
8 anee Mor in Jan., 1893, of the railw ay foreclosed.
s
D ividends n s P r e f e r r e d . In 1896, 3 p. o.; In 1897, 3 p. o.; in
1898, 3 p . c.; In 1899, 4 r>, o.; in 1900, Jam , 4 p. o.; In 1901, Jam , 5 p. ©.;
July, 2*9 p, e,; In 1902, Jan,, 2 h p e.: Ju ly,
a
p. e. On com m on, 2Hi
p-n;, July 15, 1901; in 1902, Jam , 2*9 p. e.
L atest K ahns. 11 rnoe, ) 1901-2___ Gross, $551,826; net, $242,750
July l to May 31.
t 1909-1...... C o s653,185; net, 345,997
r s,
t
?
R eport fo r year ending J une 3 0 ,1 9 0 1 , was in V. 73, p. 954, show ing,
on 225 m iles: C ross, $707,591; net, $265,787; oth er incom e, $2,724;
interest, $25,000; dividends, $66,225; balance, surplus, fo r year,
$177,285. In 1899-00 (194 m iles), gross, $375,573; net, $129,615.—
(Y. 71, p. 8 6 0 ; Y. 72, p. 45; V. 73, p. 33, 664, 9 5 4 .)
T e x a s M i d l a n d R R * —R oad from E nnis on H ouston & T exas
Central R y. to Paris, T exas, 125 m iles (of w hich 52 m iles G reenville
to Paris com p leted in O ct., 1896.) O f the 125 m iles, 14 are trackage
ov e r St. Louis Southw estern. F orm erly p art o f T exas Central
Ry.; in 1893 p urch ased b y Mrs. H etty Green.
8 t o o k .—$500,000; par, $100. T ota l cu rren t liabilities J u ly 1 ,1 9 0 0 ,
$2,108,640, inclu din g $176,866 unpaid coupons.
F o r year 1900-01, gross, $631,912 ; net, $151,413; charges, $60,612;
sur., $90,801. Pres., E. H . R. G reen ,T errell, T ex .—(V. 63, p. 839.)
T e x a s & N e w O r le a n s R R . —(See Map So. Pac.) —H ouston, T ex .,
to Orange (Sabine R iver), 112 m iles; and Sabine Pass to New Homer,
128 miles; H ouston to Clinton, 8 m iles; D allas to F rankfort, 102 m.;
R ockland northw ardly, 25 m.; total June 30, 1901, 374 miles.
In M ay, 1899, purchase and con solidation o f the Sabine & E ast
Texas, the Louisiana W estern E xten sion and the Texas Trunk R R . (the
latter D allas to Cedar, T ex ., 52 m iles), was authorized, p rovid ed a co n
necting link be b u ilt to form w ith them a continuous line from D allas,
Tex., to present term inus o f Sabine Sc E ast Texas R y. at or near
8abine Pass.—Y. 68, p. 1026. In M ar., 1902, the Texas RR. Commis
sion approved the issue o f $985,000 bonds on the D allas D ivision,
m aking a total o f $2,455,000 against 165*8 m iles o f com pleted road; o f
the $1,470,000 issued June 30, 1901, $890,000 w ere ow ned b y So.
Pac. Co. Y. 71, p. 438; Y . 74, p. 682.
S e c u r i t i e s E t c .— The stock is $ 5 ,0 0 0 ,0 0 0 , all o f it bein g ow n ed b y
the Southern Pacific. First 7 s are purchased b y the sinking fun d at
n ot o v e r 1 1 0 . Lands unsold June 3 0 , 1 9 0 1 , 5 1 1 ,1 7 0 acres.
The first m orgage o f 1900 secures bonds at $20,000 per m ile on the
line o f railroad recen tly purchased and under construction from Bockland to Dallas, T ex., about 218 m iles, and exten sions and branches
hereafter acquired or con stru cted up to 40 m iles and also upon the
line from Orange to the Sabine R iver, about 7 m iles.—V. 70, p.
997; V. 71, p. 183. Due 8o. Pac. June 30. 1901, $3,724,778.
E a r n in g s .— 10 m os., >1901-2 . Gross, $ 2,4 58 ,5 3?; net, $454,447
J u ly 1 to A pr. 30.
<1900-1 ..G ross, 2,321,370; net, 820,653
In year ending June 30, 1901, gross, $2,709,185; net, including
other incom e, $151,581; surplus over charges and ta xes, $218,018.
Tn 1899-0, gross, $1,801,303; net, $583,305.—(V. 74, p. 681.)
T e x a s Sc P a c ific R y . —(See Map Mo. Pac.)—N ew Orleans, La.,
w est to El Paso, T ex., 1,142 miles; Marshall via Texarkana June, ana
Whites boro to F ort Worth, 316 m.; branches, 250 miles; tota l, 1,690,
o f which 92 miles, Sierra Blanco to E l Paso, is trackage, leavin g 1,720
m. ow ned. In Jan., 1902, extension under construction from New
Roads, La., to Concordia, 90 miles, o f which 30 miles com pleted A pr.,
1902; also branch from N atchitoches to Shreveport, 70 dll, o f w hich
19 m. com pleted in M arch, 1902 Y. 74, p. 626, 1253.
O r g a n iz a t io n .— In 1888 reorganized by the plan in Y. 43, p. 164, an d
V. 45, p. 401, w ith ou t having the foreclosure sale confirm ed, thus p re
serving the original Federal charter. Land assets Jan. 1, 1902, w ere
66,573 acres, a large num ber o f tow n lots and land notes $39,152
and $8,075 cash.
S t o c k . — Mo. P acific Dec. 31, 1901, ow n ed $6,525,000 stook.
B o n d s .— (See 188° m ortgage abstracts, V. 47, p. 82.)
The Louisiana B ranch Lines m ortgage w ill cov er all branches con
structed or acquired in Louisiana at $12,500 p er mile, but are n o t to
exceed in the aggregate $7,000.000.—V. 72, p. 577, 1189.
Interest scrip, incom e and land grant bonds (a stock liability, retirable under reorganization agreem ent), $142,022; other scrip, $8,820;
$438,000 Eastern D ivision 1st 6s w ere called for redem ption on Oct.
1 ,1898, $105,000 oil Oct. 1, 1899, $118,000 on Oct. 1, 1900. and $123,000 on Oct. 1 ,1 9 0 1 ,—V. 73, p. 723. E quipm ent notes, $290,787, payble m onthly Jan., 1902 to 1905. V. 72, p. 88.
F in a n c e s .—On se co n d 5s th ere is no righ t to foreclose u n less d e fa u lt
is m a d e on first m o r tg a g e . T h e c o m p a n y h as b e e n sp en d in g its ea rn
in gs in needed liuprovem entsjiln March, 1 9 0 0 ,made its first p a y m e n t
on In com es, viz., I ig p. c.; in M ar.. 1 9 0 1 .4 p. <\, and in Mar., 1 9 0 2 ,5 p.o.
In Dee., 1900, all e x ce p t $905,588 o f the T exas < Pacific seconds
fe
had been exch an ged for 65 per cen t In new Bt. Louis Iron Mountain
A, Southern gold 4s, bearing interest from July I, 1899. Bee Iron
M ountain statem ent follow in g M issouri Pacific, v. 68, p .5 2 5 ,6 1 9 ,
725, 774; V. 70, )>. 533.
E arnings .—J an, 1 to June 30, G months, gross, $5,212,409 in 1902,
$5,547,471 In 1901.
1 or 2 m o n th s e n d in g F eb . 2 8 , 1 9 0 2 , n e t e a r n in g s , $ 5 10 ,1 8 0 ; c h a r g e s ,
$ 4 4 4 ,0 1 8 ; b a la n c e , s u r p lu s , $ 9 6 ,1 0 8 .
a n n u a l R epo r t .- Annual meeting Is held in New York on the third
Wednesday In March. Report for 14)01 was In V. 74, p. 620. Net earn
ings for 1898 are as far as possible revised to sam e basis as 1899 01.
Vcar ending Dec. 31—
1901,
1900.
1899.
M iles o p e r a t e d ........................
1,084
1.527
1.507
Gross earnings..........................$11,709,942
$9,751,122
$8,300,186
Net earnings............................. $3,735,191
$3,109,490
$2,45 1,320
Other in com e.. . . . ..................
303,135
1-9.178
130,575
Total lint Income
$4,098,026
$3,358,608
$2,581,895
V
Bn/mi—Princi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
of
of
Par
For explanation o f column headings, &o., see notes
Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
on first page o f tables.
Whom.
Dividend.
*
9k
Texas Short Line—1st mortgage, g o l d V s m ........
Tifton Thomas. d Gulf—1 stM.,g., $1,000,000.ORo* 5 5 k
46
Tioga RR.—1st M., due 1882 and extended, g o ld ..
46
Extension bonds........................................................
7
Elmira State Line Railroad 1st mortgage, guar.
Toledo & Ohio Central— 1st M., g. (V. 53, p. 436) .Oe 196
Western Div. 1st mort. for $2,500,000, gold. IV.0* Text.
General M. (V. 62, p. 594) ($2,000,000), g. Ce..e* 335
58
St. Mary’ s Div. 1st M., g., $500,000.M o ..........o*
do
1st pref. inc., $f 00,000, non cum. 4 % .Sr
58
Tol. A O. C. Ext., 1st M. (foreclosed), int. only gu. . - - .
Car trusts, June 30,1901 (principal).....................
Guaranteed Bonds.
K.&H.C.&C.M.g.$3,5 00,000 s.f.red.llO af.’ U M o
—
Kanawha & Michigan Ry.—See that company.
Toledo Peoria d West.—1st M., (for $5,000,000), g.c* 230
Deben. scrip (secured by 1st M. coups, in tru st). ....
Toledo Ry. < Terminal 1st mort., $3,500,000, gold ....
6
Toledo St. Louis & Western—Com. stoca, $10,000,000 ....
_. .
Preferred stock, 4 p. 0., non-cum., $10,000,000..
Prior lien mort., $10,000,000, g old ............F .c& r
451
lstM .,g ., $6,500,000, red. aft. J uly,1925.C ol.c& r 451
Toledo Saginaw dt Muskegon—1st mortgage.............
96
Toledo Walhonding Valley d Ohio—Stock................. 125
Gen. M. ($20,006 p. m.)",) A, guar. p. & i . F ....... c* 125
$4,000,000, gold ........ ( B,
do
..............0* . . . .
Tor. Ham. d Buff.—1st M., g., $40,000 p. m. A B .o*
88
32
Transylvania—1st M., g., $160,000, gu. p.&i.end.o
Traverse City EE.—First mortgage, gold..................
26
Troy d Greenbush—Stock, 7 per cent rental, N.Y.C.
6
Tuscaioosa Belt—1st mortgage, $100,000, g o ld .K c
6k
Tuscarora Valley—1st m ortgage,$150,000, g o ld ...
27
31
Tuscarora RR., 1 st M. (on ext.), $310,000, g .M p .c
$ 1,000
1899
1,000
1852 500 Ac.
1875
1,000
1875 500 Ac.
1885
1,000
1892
1,000
1894
1,000
1901
1,000
1901
1,000
1888
1,000
0)
5 g.
$555,000
5 g.
239,500
5 g265,000
7
7
160,000
3,000,000
5 g.
2,500,000
5 g.
2,000,000
5 g425,000
4 g500,000 Oot 1, if
300,000
5 g.
1,091,248 5 ,6 & 7
1901
1,000
2,750,000
1887
1,000
4,895,000
220,275
See text.
9,995,000
10,000,000
9,000,000
6,500,000
1,662,000
2.500.000
1.500.000
978,000
3,280,000
160,000
250,000
275.000
100,000
150,000
(?)
....
_____
1902
1,000
100
....
100
1900 l.o o o & c
1900 1,001 &e
1888
1,000
100
1891
1,000
1893
1,000
1896
1,000
1899
1,000
1883
1,000
50
1893
1,000
1897
1898
i .o o o
....
1901.
1900.
1899.
Interest on first m ortg a g e... $1,393,814
$1,2^9,756
$1,283,865
Interest on 2d in com es........ (4%)929,520 (4%)928,692 ( l k % '375,000
Betterments, equipment, etc.
926,3 5»
635,042
505 265
Taxes....................................... ..
291,484
276,328
249,344
............
20,265
96,437
Miscellaneous...........................
F. A A.
M. A N.
A. & O.
A. A 0.
J. A J.
A. A O.
J. A D.
F. A A.
earned.
M. A N.
Various
N.Y.,U.S.Mort.& Tr.Co.
Boston, Old Col. Tr. Co.
Phil. ,N ewbold’s SonACo
Elmir a, ChemungCo.Bk.
do
do
N. Y., Central Trust Co.
do
do
do
do
do
do
do
do
5 g. J. A J.
- 1921
Aug. 1, 1929
Nov. 1, 1915
Oct. 1, 1905
Oct. 1, 1905
July 1, 1935
Oct. 1, 1935
June 1, 1935
Feb. 1, 1951
Feb. 1, 1951
Nov. 1, 1938
July 1, 1951
4 g5
4 k g.
To be in
To be in
3kg.
4 g.
5
J. A J.
Jan.
F, A A.
voting tr
voting tr
J. A J.
A. A O.
J. A J.
N. Y., Am. Ex. Nat. Bk.
N. Y., Farm. L. A T. Co.
Commonw. Tr. Co., St. L.
ust f o r five years.
ust for five years.
N. Y ., Cent. Trust Co.
do
do
N. Y., Office, 271 B’way.
4 k g.
4 k g.
4 g.
5-4 g.
3 g.
7
5 g.
£ g>
5 g.
J. A J.
J. A J.
J. A D.
M. A N.
J. A J.
J.AD. i j
J. A D.
J. A J.
J. A J.
N.Y., Farmers’ L’ n A T r.
do
do
N. Y ., Bost. A London.
Merc. Trust Co., Pittsb.
N.Y.,W inslow,Lan.ACo
Troy, N. Y.
N. Y ., Knickerb, Trust.
N. Y., Metropol. Tr. Co.
July 1, 1917
Jan. 1, 1905
Feb. 1, 1942
July 1, 1925
Apr. 1, 1950
July 1. 1918
Dec. 30,’01,4%
July 1, 1931
July 1, 1933
July 1, 1946
May 1, 1919
Jan. 1, 1933
June 1 5 ’0 2 ,3 k
1933
July 1, 1917
Julv 1, 1928
T o l e d o R y . & T e r m i n a l C o .—To construct a double-track belt
road, about 30 miles in length, aroui d tbe city and subuibs (including
two i ridges across the Maumee River), to connect with 24 roads enter
ing the city and transfer freight, with a single switching charge, to all
parts o f ti e latter. V. 73, p. 617. Stock authorized, $5,000,000; out
standing, $2,500,000. In Feb., 1902, made a mortgage to the Com
monwealth Trust Co. of St. Louis to secure $3,500,000 of 40-jea r 4 k
per cent bonds. V. 74, p. 1140. - (V . 74, p. 428, 479, 1140.)
T o le d o St. L o u is & K . C .—See Toledo St. Louis & Western below.
T o le d o S a g in a w Sc M u s k e g o n R y .—From Muskegon, Mich., to
Ashley, Mich., 96 miles. The Grand Trunk of Canada owns the $1,600,000 stock issued, and operates the road; above bonds have a traffic
guaranty. V. 71, p. 85; V. 72, p. 338.
Tear Dec. 31. Gross.
Net.
Interest.
Deficit.
Traf. guar.
1901............$145,855
$17,521
$83,100
$65,579
(i)
1900........... 129,204
61,758
83,100
21,342
$55,741
- ( V . 71, p. 31, 85.)
T o le d o St. L o u is & W e s t e r n R y .—R oad —Owns from Toledo
to East St. Louis, 451 miles (6 1 k and 70 lbs. steel); sidings, eto., 72
miles; also has trackage to St. Louis and Toledo Union depots.
O r g a n iz a t io n .—Incorporated in July, 1900, as successor o f the
Toledo St. Louis & Kansas City RR. (foreclosed—see that company
above), per plan V. 70, p. 1196. Took possession in August, 1900.
V o tin g T ru st .— Both classes of new stock w ill be vested for five
years in the follow ing voting trustees: Frederic P. Olcott, Thomas H.
Huhbard and William A . Read, who may sell the stock at any time,
subject to the approval.of a m ajority o f each class.
B o n d s .—Of the prior lien 3 k s $1,000,000 is reserved to be issued
after Januaryl, 1902, at not over $250,000 per annum. Additional
first mortgage bonds, not to exceed $ 10 , 000 , 000 , m ay be issued at any
time to retire the prior lien bonds.
E a r n in g s .—J u ly 1 to Dec. 3 1 ,1 9 0 1 (6 m o n th s ), g ro s s, $ 1 ,3 1 9 ,3 5 ,2
Balance, surplus..
...
$557,457
$208,586
$71,982
—(V. 73, p. 723,1358; Y. 74, p. 42, 381, 6 2 6 , 1039, 1253.)
T e x a s Sabin e V a lle y Sc N o r th w e s te r n R y , - V . 73, p. 139.
T e x a s S h o rt L in e R R . - Grand Saline, Tex., to Alba., whence
extensirn is to be built to Hoyt, on the Mo. Kansas A Texas. Stock,
$10,000. In Mar., 1902, the Texas RR. Commission authorized the
Issue of $185,785 bonds. Pres., Fred’k R. Blount, 26 Broadway, N. Y.
T e x a s S o u th e rn R y . - T . 74, p. 578.
T Ifto n T h o m a s v llle Sc G u lf R y . - Tifton, Ga , to Thomasville,
55*2 miles. Stock authorized. $1,000,000; issued, $555,000; par o f
Shares, $100. Bonds are limited to $10,000 per mile.
E arnings —11 m o s .,) 1901-2................ Gross, $133,383; net, $50,798
July 1 to May 31. ( 1900-1 ................Gross,
95,228: net. 31,051
Surp. over 11 mos. ch’ ges, $9,219 In 1901-2, agst. def. $1,482 in 1901,
President, H. M. Atkinson, Atlanta, Ga.; Vice-President, J. W. High
tow er, Thomatville, Ga.; Sec. and Treas., W. M. Otis, Moultrie, Ga.
T o le d o Sc O hio C e n tra l R y , - •(See M a p )—This road, well shown
o n the accom panying map, is made up as fo llo w s :
Lines owned.
Miles.
Trackage (37 m iles.)
Miles.
Toledo to Bremen........................173 In Toledo (L. S. & M. S.)..........
1
Alum Creek to Truro June___
4 Bremen to New Lexin gton ___ 11
New Lexington to C om in g___ 13 To Millfield and to Carrington 25
Prentice to T h urston.................145
Peoria to St. Mary’ s .................. 58
Total operated..................... 430
K anawha& M ich. (w hichsee).. 164 a g a in s t $ 1 ,1 3 5 ,5 1 4 in 19 0 0 .
R e p o r t .— Beport for year ended June 30,1901, was in V. 73, p. 896.
Total ow n ed .......................... 393
Fiscal
Gross
Net
Other
Bond
Balance,
O r g a n iz a t io n .—Successor in 1885 o f Ohio Central foreclosed.
Tear, earnings, earnings income, interest.
Taxes, surplus.
In June, 1901, the H ocking Valley Ry. had acquired all except 1900-01..$2,490 ,066 $690,614 $6,341 $510,000 $104,400 $82,555
$54,100 common and $11,600 preferred stock in exchange for 70 1899-00.. 1,940,379
379,297
......................................................... .
per cent of Hocking Valley stock of the same class. V. 69, p. 1347;
O f f ic e r s . - Chairman o f the Board, Wm. A Read; President, Ben
V. 71, p. 810. See also H ocking Valley item, V. 69, p. 1345; V. 71,
p. 865. The properties are operated separately. On Mar. 1, 1901, jam in Norton; Sec. and Treas., Joseph H. Seaman. Executive Com
took over the form er Columbus & Northwestern Ry., extending from mittee—Wm. A. Read, F. P. Olcott, J. Kennedy Tod, Henry Budge,
Thos. H, Hubbard and C. H. Tweed.
Peoria,O., to St. Mary’ s, 58 miles. V. 71, p. 1068; V. 73, p. 660.
D ir e c t o r s .—F. P. Olcott, Henry Budge, J. Kennedy Tod, Wm. A.
St o c k .—Preferred is entitled to 5 p. c. non-oum., then common to 5, Read, John J. Emery, C. H. Tweed. C. S. W. Packard, J. Crosby Brown,
then preferred to 2 , then common to 2 , then both share, pro rata.
Benjamin Norton, Alfred Pick and Thomas H. Hubbard.
D iv id e n d s .— On com m on : In 1891, 2 p. o.; 1892, 4; 1893, 2; none
Office, 44 Pine St., N. Y . - (V. 72, p. 243, 340; V. 73, p. 844, 8 96,1C 62.)
since. On pref. April, 1890, to July, 1896, inclusive, 5 p. c. yearly.
T o le d o W a lh o n d i n g V a lle y Sc O h io R R .—Owns road in
B onds .— Western Division mortgage covers the road from Toledo operation from Toledo Junction to Toledo, O., 80 miles, and from
to Truro Junction, 139 miles, and also (subject to the first mort Loudonville to Coshocton, O., 45 m.; total owned, 125 miles; trackage
gage of 1885) the rest o f the property. See V . 55, p. 322, 545, 590. 625. (Pitts. Ft. W. & C.) Toledo Jet. to Mansfield, 0 „ 7 m . ; total, 132 miles.
L e a s e , E t c .— Leased for net earns, to the Penn. Co., which guaran
The Toledo A Oliio Central guarantees the principal and interest of
the Kanawha & Michigan first mortgage bonds (ste that company) and tees the bonds and owns all the capital stock.
E ar n in g s .—For year ending Deo. 31, 1901, gross, $1,139,960; n et,
Jointly with H ocking Valley Ry. the K & H ock Coal a Coke bonds
(see V. 74, p. 271; also guar. int. only on $300,000 T. & O. Cen. Ext. $284,741; other income, $247; interest, eto., $178,736.
5s (foreclosed).
T o r o n t o H a m i lt o n Sc RufTalo R R . —Road Hamilton to
The St. Mary’s Division bonds cover the line from Peoria, O. to St. Waterford, Ont., 43 miles, and Hamilton to W elland, 38 miles, total,
M ary’s, 58 miles.—V. 72, p. 284, 628.
including branches, 88 miles; connects at Hamilton with Grand Trunk
Gross.
Net.
Fixed
Dal., incl.
of Canada and Canadian Pacific Ry. (See V. 62, p. 319.) Under
E ar n in g s .—11 mos. Earnings.
Earnings. Charges. olherincome. traffic agreement made in 1895 with N. Y. Central, Michigan Central.
July 1 to (19 01 -2 .. $2,610,557
$535,639
$434,463 s u r .$ ll l,617 Canada Southern and Canadian Paciflo, interest is praotioally guaran
May 31 . . ( 1900-1... 2,320,892
553,741
388,738 sur. 166,226 teed. See V. 68, p. 475, and advertisement in C h r o n ic le o f March
A nnual R e p o r t .— Report for 1900-1 was in V. 73, p. 6C0. Of total 11,1899. Of the stock, $2,500,000,19 per cent is held by the Canadian
tonnage 68 p. c. in 1901 was bituminous coal.
Pacific and 51 per cent by the N. Y. Central.—See V. 61. p. 753; V. 63,
Tears end. June 30— 1901.
1900.
1899.
1898.
t> 359; V. 68, p. 475, 1134; V. 69, p. 29. For year ending Dec. 31, ’01,
,
Gross earn in gs... $2,571,722
$2,3(8,912
$1,897,868 $1,779,614 gross. $4 9 ) ,181; net, $190,879; int. on bonds, $131,200; bal., surp.,
Net earnings.......
720.582
832,902
601,413
533,918 $59,679. V. 69, p. 29.
Other incom e.......
7,424
13,189
24,855
10,255
T r a n s -A la s k a u H y . - V . 73, p. 786.
T r a n s y lv a n ia R R . —Hendersonville to Eastatoe Ford, N. C., 33
Total net incom e $728,006
$846,091
$626,268
$544,173
miles. A reorganization of the Hendersonville & Brevard RR.,
Interest,taxes, etc.
517,651
484,536
497,956 464,536
sold in foreclosure May, 1899. Stock authorized, $320,000; par $100;
V. 68 , p. 926. Mortgage trustee is Mercantile
Balance for year.sur.$210,355 sur.$361,555 sur.$128,312 sur.$79,637 all outstanding.
Trust Co., Pittsburg. Bonds are guaranteed, principal and interest;
President, N. Monsarrat.—(V. 74, p. 152, 269.)
by Toxaw ay (land) Co. of North Car. V. 69. p. 182. Year end. June 30,
1901, gross, $21,119; net, $10,731: int., $9,371; bal., sur., $1,360. Pres.,
T o l. Sc O lilo C ent. E x te rn —See Marietta Columbus A Cleve.
T o le d o P e o ria Sc W e s t e r n R y .—(Bee Map o f Pennsylvania RR.) E. B. Alsop, Pittsburg; V.-P. and G. Mgr., J. F. Hays, Brevard, N.C.
—Owns from Efflner, Indiana State line, to Warsaw, HI., 220 miles ; La
T r a v e r s e C it y L eelen a u < M a u ta tlq u e R R .—V. 74, p. 777.
fc
Harpe to Iowa, 111., 10 m.; jointly with Wabash, 1 m ile; trackage to
T r a v e r s e C ity R R . —Owns road from Walton to Traverse City,
Peoria and Burlington, la., 17 m.; total, 248 miles.
Mich., 26 miles; opened in 1872. Leased in 1883 to Grand Rapids &
Indiana RR., but not inoluded in the reorganization of that company
O r g a n i z a t i o n .— In 1 8 9 4 join t ownership and management by Pa.
RR. and C. B. & Q. was arranged. Stock $ 4 ,5 0 0 ,0 0 0 (par $ 1 0 0 ), of in 1896. Coupons 1st mort. all paid to Jan., 1902, incl. There are
$190,000 of 5 p. o. incomes outstanding. Capital stock is $205,000;
which $ 4 2 3 ,1 0 0 in treasury in 19 0 0 . Mort. abstract, V. 4 5 , p. 24 2.
In October, 1894 (3 coupons), were paid $5 in oash and $15 in deben par $100. For year ending Deo. 31,1901, gross, $52," 98; net, $7,253;.
ture scrip. (See V. 61, p. 514.) Equipment trust Mar. 31,1902, $153,- Interest on bonds, $7,500; bal., defloit, $247.—(V. 67, p. 75, 1310.)
623; bills payable, $331,191
T r o y Sc G r e e n b u s h R R . —Owns from Troy to Albany. 6 miles
double track; leased to N. Y. Central in 1851 at 7 p.o. on $275,000 stock.
ANNUAL R e p o r t .— Report f o r 1 9 0 0 -0 1 in V. 7 4 , p. 9 1 :
Tear.
Gross E a m ’us. Net Revenue. Int. dt Taxes. Balance.
T u s c a l o o s a R e l t R y . —Owns about 6 k miles o f Belt road in
1901-02..............$1,151,677
$274,280
$271,823
$2,457
Tuscaloosa, Ala., and suburbs. Capital stock authorized, $100,000;
1900-01.............. 1,157,079
278,4 i3
277,180
1,263
issued, $26,000 ($100 shares.) General Manager, J. W. Woolfolk,
Tuscaloosa, Ala., or 15 Wall Street, New York.
- ( V . 67, p. 9 4 8 ; V. 71, p. 9 6 1 ; V. 72, p. 1189; V. 74, p. 9 1.)
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;y
Caldwell
S.Charlestoi
Haaningi°n
tt.Marys
Push V.
Wasliingtoi
lddletown
Shelbyville
^ vricliester
.-^Loveland
MAP OF THE
C IN N A TI
LawrencebuP
3*£
ByerTcr>.
M e ArtbuKTc.
HamdenMe^
> Midland Cy.
Hillsboro1
TOLEDO & OHIO CENTRAL R’ Y
Waverlv
lardlnia
CN.o
Parkersbuigii
•A HE NS
T
Hebbards V.
Albany
Carpenter
Dexter
RutJaud
j
POMEROY
Cairo.
ennsborougb
Phillip?1
fJ fElizabeth
S
Richie
Richie
.Weston
v Mine
J aokson.
Jackson
north
GlenviV
i$ Addison
t
Walton
G eorgetow n
Madison
Sutton
Falmouth
W llliamstown
Maysvlller
R AILW AY
X lP o rtsn fo u th
^ ^ ^ ^ c io to v ill^
&
.
/1
GreeinipTk^Mv
/
Johnson Jc
Mt ^kbutnd
Savagey-— ’ 7
La Grange
Lincoln
Nev» Albany
G eorgetow n
W illard
Khrpnvhit Falls
tvansville
V In chaster
V
Frenchburg
Richardson
), ^ ■arksburg
Belton
Buchan non
B oftas—P riu 0R A ILR O A D S.
IN TEREST OR DIVIDENDS.
Miles Date Size, or
pal,W hen Due
A m ount
Par
of
of
F o r explan ation o f colum n headings, &e., see notes
R ate per When W here payable, and by Stocks- L a s t
Road. Bonds Value. Outstanding Cent. Payable
on first page o f tables.
Whom.
Dividend.
Ulster < Delaware Stock ($3,000,000 au th orized )..
&
102
Consol. M. fo r $2,000,000, g o ld .....................C e.c*
....
2d m o r tg a g e -F ............................................................ .
R efunding m ortgage, $ 60 0,0 0 n................................
Unadilla Valley—\Stock ($200,000 authorized).......
20
1st M., $12,560 p. m., g., red. at 110.O e ........ c*&r
....
U n ion P a cific M R .—Com m on stock ,$196,178,700
....
Pref. stock, 4 p er cen t, non-cum ., $100,000,000..
1st M. R y and land grant, $100,000,000 g — M e 1,835
l s t l . con v .M ., $100,000,000, g.,xred .text. M e.*c& r 1,300
....
United N. J. RR. < Canal C o —Stock, 10 p. c. guar..
&
General m ortgage o f 1 loan o f 1908, g o ld ........... r
-a
?71 fo r $20,000,000, |loan of 1923, g o ld ........... r
5 §
(n ow 1st mortgage) ^loan o f 1929, gold ....... c&r
a §
F P , s e c u r e s all |loan o f 1944, gold........c&r 00 0
equally.
j loan o f 1951, g. p. & i.gu. <
N
26
United Yerde & Pacific— 1 st M., $ 3 0 0 ,0 0 0 .M o . . c
Utah Centml—See R io G r a n d e W e s t e r n .
Utica & Black River—See R o m e W a t e r . & O g d e n s BURG.
97
Utica Chen, & Stisq. YaL—Stock,6 p.c.gu. b y D.L.&W
....
Utica Clinton & Binghamton—S to c k ...........................
31
1st m ortgage, guar, p & i, b y D. & H., end — No
11
Valley ( N. Y.)—Stock. 5 p. c. guar, by D. L. & W ...
11
1st m ortgage (for $500,000) . F .................................
62
Valley (V irgin ia)—1st M., $ 1,000,000, see te x t— c
59
Vermont d Mass.—Stock, 6 p. c. guar, b y Fitchburg
....
Bonds, n ot m ortgage (guar, b y Fitchburg R R .).c*
24
Vermont Valley o f 1871—Stock....................................
24
1st M., with $500,000 Sul. Co. R R . stock as col. .c*
1888
1899
1902
$100
1,000
1,000
100
1893 500 &c.
...
100
100
....
1897
IT
1901 l,000& c
....
100
1878
1,000
1883
1,000
1,000
1889
1894
1,000
1901
1,000
1896
....
....
1889
....
1881
1881
....
1883
....
1880
100
100
1,000
100
1,000
1,000
100
1.000
50
1,000
$1,900,000
Ii997i000
5 g. J. & D. N. Y ., Central Trust Co.
500,000
5
M. & N.
R ondout, N. Y.
4
600,000
200,000
250,000
5 g. J. & J.
In default.
104,064,400 4 in 1901 A. & 0 . N. Y . Office, 120 B’way.
99,541,400 4 in 1901 A. & O.
do
do
100,000,000
fc
do
do
4 g. J. < J.
91,952,000
do
do
4 g. M. & N.
21,240,400
10
Q .-J . Phila. and N .Y., Offices.
841,000
fe
6 g. M. < S. Philadelphia Office.
1,824,000
fe
do
do
4 g. F. < A.
6,020,000
do
do
4 g. M. & S.
5,646,000
fe
4 g. M. < 8. N. Y.,N. Bk.Com. Phil.
3L> g. M. < S.
5,669,000
fc
do
do
300,000
J. & J. N. Y ., M orton Tr. Co.
16
4,000,000
6
849,285 See text.
800,000
5
750,000
5
400,000
5
750,000
6
3,193,000
6
1,000,000
5
1,000,000
6
5
800,000
M. & N.
F & A 10
>
J. & J.
J. & J.
F & A.
A. & O.
A. & O.
M. & N.
J. & J.
A . & O.
N. Y ., Del. L. < W. RR.
fe
U tica, N. Y ., On. N. Bk.
N. Y ., Security <fcTr. Co.
N. Y ., Del. Lack. < West.
fe
do
do
N. Y .. Merc. Tr. <fcBalt.
B ost., 53 Devonshire St.
B oston, Fitchburg RR.
Bellows Falls.
B oston, S. Dep. & Tr.Co.
June 1, i9 2 8
May 1, 1919
1952
Apr. 1, ’ 02,2%
Apr. 1, 1902, 2
July 1, 1947
May 1, 1911
July 10,’0 2 .2 ^
Sept. 1, 1908
Feb. 1, 1923
Sept. 1, 1929
Mch. 1, 1944
Mch. 1, 1951
Jan. 1, 1920
M ay, 1902, 3%
Feb. 8 ,’ 02, 1 \
July 1, 1939
July, ’ 02, 2 ^ %
Aug. 1, 1911
Oct. 1, 1921
A pr., 1902, 3%
May 1, 1903
July 1, ’02, 3%
Oct. 1, 1910
H $500 and $1,000.
T u s c a r o r a V a lle y R R . - Owns narrow -gauge road (3 ft.) from
P o rt R oyal to B lair’s Mills, Pa., 27 m iles, proposed to be changed to
standard gauge during 1901. Stock, $300,000 par. $50; outstanding.
$150,000. Y ear ending June 30, 1901, gross, $25,254; net, $12,315;
interest and taxes, $11,138; bal., sur., $1,177. Pres., T. S. M oorhead;
Sec., D. B. M cW illiam s.- (V. 67, p. 1162.)
U ls t e r Ac D e la w a r e R R . —Owns from K in gston P oin t (Hudson
R iver), N. Y. to Oneonta, 109 miles, with branches, a total o f 130
miles. A consolidation Jan. 1, 1902, with the D elaw are < Otsego R R .,
fc
Stony C love < Catskill Mt. R R ., H obart Branch R R . and Kaaterskill
&
R R . V. 74, p. 42. In July, 1902, $600,000 fifty-year refu n din g 4 per
cen t bonds were issued. Y. 75, p. 78. Loans and bills payable June
3 0 ,1 9 0 1 , $166,000
Trs.end.June 30. Cross.
Net.
Other inc. In t., taxes, etc. B a l.. sur.
1900 1901 .. $607,423 $177,793
$4,868
$157,263
$25,398
1 8 9 9 -1 9 0 0 .-.. 473,663
142,376
11,400
136,658
17,118
— (V. 71, p. 136; V. 72, p. 628; Y. 74, p. 42; V. 75, p. 78.(
U n a d i lla V a lle y R a i l w a y .—Owns road from B ridgew ater to
N ew Berlin, N. Y ., 20 m iles; opened in July, 1895. Connects D. L. &
W. with New Berlin branch o f N. Y. O. & W. Incom e bonds, $27,618
20-year 5s. Interest on firsts was n ot paid, but funded fo r 5 years,
aDd in A pril, 1901, foreclosu re suit was brought. Y . 72, p. 776.
Y ear 1900-1, gross, $31,268; def. under oper., $4,608; int. and taxes,
$14,711; balance, deficit , $19,319. Pres., E verett M. Culver; V icePresident, L. R. Morris; Sec., Clarence G oadby, 135 B ’dw ay, N. Y .—(V.
72, p. 776.)
U n io n R e p o t R r . Ac T e r . R R . o f K a n s a s C ity .—V. 72, p. 989.
U n i o n P a c ific R a i l r o a d .—(See Map.) —The system em braces :
Controlled—
L in es owned directly—
Miles.
C ouncil Bluffs to O gden........1,033 Oregon Short Line R R ., Graner, W y., to H untington,
Kansas City to D e n v e r ........ 640
D en ver to C h eyenne.............. 106
•re., Helena, M on., to F ris
Lasalle, Co., to Julesbu rg
151
co, Utah, etc
................... 1,481
B ra n ch e s.................................. 1,028 Oregon R R . & N a v ig a tio n ..,. 1,136
Track age to Sioux City, l a ...
/5
June 30, 1901, at $4,985,455; also furth er notes o r contracts
for lands sold aggregating $6,320,597, and the lands fo r which,
if n ot paid for, revert to the com pany. See V. 67, p. 791. T otal e6timatefi value o f lands aud land assets June 30, 1901, $12,349,339.
During 1900 1, 876,928 acres were sold for about $1,754,242.
g e n e r a l F in a n c e s .—To p rovid e for the purchase o f Southern Pa
cific stock and other properties, stockholders in 1901 subscribed at par.
to $ 100,000,000 first lien con vert. 4 p. c. g old bonds. V. 72, p. 3 92 ,34 0 .
A s to im provem ents, see E H. H arrim an’s statem ent, V. 74, p. 1197.
Stockholders o f record A ug. 1, 1902, are offered the privilege o f sub
scribing at 90 and interest to the exten t o f 15 per cent o f their hold
ings to $31,000,000 Oregon Short Line R R 4 per cent and p articip at
ing 25-year gold bonds, secured b y a like am ount or N orthern
Securities Co. stock. See d escription o f bonds under O regon sh ort
Line R R . V 75, p. 136.
L a t e s t E a r n in g s —F or 11 m onthsending M ay 31 on the 5,685 average
m ’ les, against 5,715 in 1900-1, after deducting ta x e s:
------- Cross Earnings.-------, .------ Net E a r n i n g s >
July 1 to May 31.
1902.
1901.
1902.
1901.
TnionP ac.System .$43,639,839 $39,964,132 $20,270,065 $17,326,389
A n n u a l R e p o r t .— F iscal year ends June 30. R eport fo r 1900-1 in
V. 73, p. 1353, l.-*60 (see also editorial, p. 1335). A verage train load in
cluding com pan y’ s freight, 354 tons in 1900-1, against 329 in 1899-0.
1900-01
1899-00
A verage m iles .................................
5,543
5,432
Gross earn in gs.................................
$43,538,181
$39,147,697
O perating expense and ta x e s ___
24,587,145
21,427,540
N et r e c e ip t s ..............................
$18,951,036
$17,720,151
In com e from in v e s tm e n ts ...........
3,220,965
2,743,519
T otal in co m e .............................
$22,172,001
$20,463,670
$7,621,341
$6,923,191
Fixed charges..................................
Dividends on —
Ore. RR. & Nav. p r e f...................... (4%) $440,000
(4%) $440,000
Ore. St. L. in com es..........................
952,890
952,890
(4%) 3,952,870
U nion Pacific p re f............ .............. (4%) 3,979,580
do
do
com m n ................... (4%) 4,000,014
(3 ^ % ) 3,350,757
B alance, su rp lu s......................
$5,178,176
$4,843,961
Tot. m ain lin e and br’nchs.3,033 | T otal all lines Ju ly 1 ,19 01 .5 ,6 50
The figures fo r 1901 do n ot include dividends on N orthern Pacific
H i s t o r y .—In corp orated in Utah J u ly 1 ,1 8 9 7 , to su cceed per p l a n
o f Oct. 1 5 ,1 8 9 5 (V. 61, p. 704, 705, and V . 64, p. 424), the U nion P a cif stocks ow n ed from A pril 1 to June 30, 1901, viz., $781,080. w hich
ic Ry. A full statem ent to New Y ork stock E xchan ge as to the org an have been collected and w ill appear in results for fiscal yea r 1901-2.
O f f i c e r s , E tc .—(July, 1901.)—President, H orace G. Burt; Viceization o f th e new com pany was in V. 66, p. 618; see also V. 67, p.
790. Owns over 99 per cent o f the stock o f the Oregon Short Line RR. President, W illiam D. Cornish; Sec., A lexan d er Millar; Treasurer, F.
Oregon R R . < Navigation Co. is con trolled through ownership o f a V. S. Crosby; D irectors, H. G. B urt, W inslow S. Pierce, Jam es Stillman,
fc
m ajority o f its stock b y the Oregon Short Line and the U nion Pac. M arvin H ughitt, E. H. H arrim an, Thos. T. E ckert. James H. H yde,
V. 69, p. 181. In February, 1901, purchased $75,000,000 (which Otto H. Kahn, T. Jefferson C oolidge Jr.. George J. G ould, O liver Arnes,
am ount has since been largely increased) stock o f the Southern Pacific J. H. Schiff, Louis Fitzgerald, Chas. A. Peabody and H. H. Rogers.
Office , 120 B roadw ay, N. Y .—(V. 74, p. 96, 1197; V. 75, p. 136.)
Co., a strong working control. Y 72, p. 243, 284; V. 73, p. 446; Y. 75,
U n io n P a c ific D e n v e r Ac G u l f R y . —See C o l o r a d o So u t h e r n
p. 136.
D uring the fiscal year 1900-1, $41,085,000 preferred and $37,023,000
U n i o n T e r m i n a l C o. o f N e w Y o r k .—V. 74, p. 269.
N orthern P acific com m on stock was purchased, the title bein g vested
U n io n T e r m i n a l R y . o f S io u x C ity .—Owns terminal road at
in the Oregon Short Line R R ., w h ich issued $61,000,000 4 p. c. certifi
cates o f indebtedness, a 'l ow ned b y the U. P. The Short Line Co. had Sioux City, la.; total track, 13 miles. Incorporated June, 1900, as
fc
also outstanding June 30,1 90 1 , $23,202,247 “ balance o f indebtedness successor o f the Sioux C ity Term inal Ry. < Warehouse, sold in fo re
Incurred in acquiring securities o f other com p a n ie s” and in new closure Aug. 22, 1899.—V. 70, p. 1292. Operated b y the com pa n y it
con struction. O 11 Jan 1, 1902, the Northern P acific preferred stock self, charges being made fo r sw itching on a wheelage basis. Stock.
was paid off at par and the com m on stock was increased and exchanged $2,500,000, o f w hich $1,870,250 outstanding, all issued to the old
fo r stock o f the Northern Securities Co. at rate of $115 per|$100 share. bondholders. Over tw o-thirds o f the stock has been deposited in a
See Northern Securities Co , V. 73, p 1010, 1 06 2,1 3 58 ; V. 74, p. 681, v o tin g trust.—V. 71, p. 31. No bonds. Pres., Sydney L. W right; Sec.,
W alter T. B ilyeu, 508 W alnut St., Philadelphia—(Y. 71, p. 31.)
and G e n e r a l F in a n c e s below.
U n ite d N e w J e r s e y R a i l r o a d Ac C a n a l Co . —(Nee map PennSto c k —The preferred stock is entitled to preferential 4 per cent
R.)
non-eumulative dividends, as declared by the directors, and to no sylvania R. an imW ith other p rop erties operated in con n ection there
with form s
portant svstein o f roads in N orthern New Jersey, e x
other or further share of the profits.
In 1899 the stockholders authorized the increase o f the com m on tending from Camden to A m boy and from Philadelphia to Jersey City,
stock from $61,000,000 to $96,178,700, and o f the preferred stock w ith branches and connections, a distance o f 467*31 miles; Hudson
from $75,000,000 to $100,00. ,000 in order to com plete the com p a n y’ s R iver ferries to Now York, 1 m ile, and Del. & Raritan Canal from
B ordentow n to New Brunswick and feeder, 66 miles. Phil. < Trenton
fe
con trol o f the Oregon RR. & N avigation and Oregon Short Line RR.
On Mar. 24, 1901, the com m on stock was further authorized to be and B elvidere Del.—which see—are principal leased lines.
L e a s e .—Leased in June, 1871, to the Pennsylvania Railroad for 999
increased b y $100,000,0 0 to p rovid e for the con version at the option
o f the holders o f the 1st lien 4s o f 1901.—Y. 72, p. 392. 628. In Ju ly, years, at a rental o f equal to 10 per cent on the stock, interest on
bonds, taxes, etc.
1901, $6,043 000 had been exch an ged .—V. 73, p. 1360.
E a r n in g s .—F o r year ending Deo. 31, 1901, g ross, $24,330,588; net
D ividends <p. c.)—
. 1 1898. 1899.
1900.
1901.
1902. $7,025,359; oth. inc., $255,170; int., rentals, etc., $4,964,866; divi
On c o m m o n .................. > -------3^
4
A pr., 2 dends, +2,124,040; balance, surplus fo r year, $191,623. In 1900,
On p referred...................)
1^
3*2
4
4
A pr., 2 gross, $23,317,193; net, $6,956,965.—(V. 72, p. 392; V. 74, p. 682.)
B onds .—T he first m ortgage (M ercantile Trust Co., trustee), cov ers the
U t ic a C l i e n a n s o Ac S u s q u e h a n n a V a lle y R y .—Owns Utica,
1,854 miles com posing the form er U nion Pacific and Kansas Pacific
lines, including the telegraph, terminals, equipm ent, and, directly or N.Y., to Greene, N. Y\, 75 m ile s ; branch to Richfield Springs, 22 m iles;
Indirectly, land grants. Statement to N. Y. Stock E xch., V. 66, p. 6 l8 . total, 97 miles. R oad opened October, 1872. Leased to Delaware
The first lien convertible 4 per cen t gold bonds o f 1901, limited to Lackawanna & Western at 6 i»er cen t on stock. Has no bonded debt.
U t ic a C l i n t o n Ac B i n g h a m t o n R R . —Owns Utica, N. Y., to
$100,000,000 is secured by practically all the collateral form erly in
the treasury, including $75,000,000 Southern Pacific stock, and by Raudallville, N. Y ., 31 miles. Leased during continuance of charter
first m ortgage on about 1.025 miles o f branches. They are con v ert and renewals thereof to Delaw are & Hudson Company, whioh
fe
ible at the option o f the holder at any time before May 1, 1906, into pays rental o f $61,500 per annum. Operated by New Y ork Ontario <
com m on stock at par, and redeem able after that date in wrhole or in Western. The street lines ow ned are leased to U tica & M ohawk Valley
part by the com pany at 102 l? per cent (in the latter case to be chosen R y. for $15,000 per annum. Capital stock, $849,285 (par $100),
b y lot) To July, 1902, $8,048,<>00 had been exchanged. Y. 73, p. dividends on $200,000 o f w hich are guaranteed by Del. & Hudson
1360. See a b s tr a c t o f m ortgage show ing securities pledged* value of at $5% per an.; balance variable, 3% p. 0. paid in 1898 to 1901, incL
collateral, etc. V. 72, p. 1084.—V. 72, p. 392, 776.
V a l l e y (N . Y . ) R a i l r o a d . —Owns from Bingham ton, N. Y.. to
State Line o f Penn., 11 miles. Opened 1870. Leased to Delaware
L a n d s .—The first 4s 1897 cov er .directly or through beneficial
ow nership ov er 6,000,000 acres o f land, situated in Nebraska, W yo Lackawanna Ac Western at 5 per cent per annum on stock, the lessee
ming, Colorado, Utah and Kansas, the value o f w hich was estim ated assuming the interest on bonds.
§
143
Vancouver' w
New Whatcom,
ISLANO
Bottineau o
M in ot_
_
C olvil
V ic to r ia ^ .
S to ck h o lm
’on Townsend
Flail)end O,
x Lake JA
Snohomish
CouleecU S ea ttle^ -^ T
------nor»_// L e e d s T ^ V
JJeviVs
-
Dodson'
Fort Benton
c\StJohns
UNION PACIFIC SYSTEM
is.souri
Bu RK .
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Chehalis
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EUemsburglTM
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RAILKOAD STOCKS AKD
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Elk toil
amber lain
iot Sprin gs
Powder o
Malheur Lake
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Evans
Alma
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Santa JHOSA (
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Austin
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Hamilton
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Vilnonh
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L an d er ol
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Elltm sburgh
Abbrtfefcrd
M ankaiw
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■mour
Latham
j uinner
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Mill bam
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ANTHONY
Almadeu
Little Falls /
, Morns ^
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ST. FALL
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\ \
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Wl i Parkis*
WV ------ v
L
• •ATSpeueer— ‘l
°H'Duboisi
Goslienj
-C
Cinnabar
'o.Lima
\\ Mouida
Harrisburg V
Leaven worth, Kan
.Wahneton1
G ra n d
\
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■ .
M
Big Horn
1
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umpter
Edgeley °\
Ellen dale h
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Southern PacTC C
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14 4
INVESTORS’
SUPPLEMENT.
[VOL, L X X V .
RAILROAD
JCLY, 1902.]
STOCKS
AN D
BONDS
145
.WiTkesbarre
CLEVELAND
Williamspor
Lock Haven/
Akron
MansfieldLima,
tlegheny
Delaware
;te\ibenvillei
Bellaire,
.Newark
A lto o n a ^ < T y r o n e
Bourn
Reading
PITTSBURG
'S j
HARRISBURG 3
TRENTON
z ^ n d e n
/
HILADELPHI
"Wheeling
OLUMBUS
m
W ilm in gton-
B A f-T/ j\ i
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llicothe.
Graftoi
pCljB A L T ^ - -----Parkersburg
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Maysville d
Ashland,
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Petersburg
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S O U T H E R N RAILWAY CO
SYSTEM.
HAMPTON
Gainesville,
Sanford
Melbourne
lie r tow
Tn^yjlJc
Southern Railw ay-ow ned or leased
Operated separately-M ajority Stock Owned.
Other lines in which the Southern Railway Is interested
Principal Connections.
Trackage Rights
*
INVESTORS’ SUPPLEMENT,
146
|V o l . L X X V .
Bonds—p rin ci
INTEREST OK DIVIDEN DS.
Miles Date Size, or
pal,When Due,
A m ount
of
of
Par
Rate per When Where Payable, and by Stocks—Last
F or explanation o f colum n headings, &c., see notes
Road. Bonds Value. Outstanding
on first page o f tables.
Cent. Payable
Whom.
Dividend.
RAILROADS.
Vicksburg < M erid ia n —See A l a . < V ic k s b u r g .
&
fe
Vicks. Shreve. < Pac. R R .—1st M. on land, g .C e .c*
&
Vick. Sh. < Pac. R y —Stk. ($2,142,800 p f., 5% n.-c.)
&
General m ortgage, $3,500,000. F ......................x c ‘
V. S. & Pac. R R . p rior lien m ort., g o ld ____C e .c*
Virginia M idland—S ee So u t h e r n R a i l w a y .
Virginia < Truckee—Stock.............................................
£
WctbashR —St.L.,K & N .on8t. Charles Br’ g e ,g .C e o 2d m ortga ge...........................................................
W abash 1st m ortgage, gold, ($34,000,000).. C e.c*
2d m ortgage, gold ........................ — . . . . HI p c
Deb. M .,in c.,n on -cm n .,series A , red. at p a r .m e
Do
do Inc. non-cum ., series B ................(Tie
Det. & Chic. Exten. 1st M.,g., red. at H O .C e.c*
Des Moines D iv. Is tM ., gold, $1,800,000.. C o . c*
Tol. & Ch. Div. M , gold, $ 3,0 00 ,0 00 .K . . . . c& r
Omaha D ivision, $3,5d0,000, g o ld ............... c& r
E quipm ent bonus, $3,000,000 s. f., C o ----- c& r
Kans. C ity E xcels. 8p. & Nor. M., g., guar............
B oone Co. & B ooneville 1st m ortgage, int. g u a r ..
Colum bia & St. Louis, $300,000, g., gu. p.& i.SSt
L eased L in e B onds —
St. Louis Council Bluffs & Omaha 1st m o r tg a g e ..
Bruns. & Chilli. 1st M .,8% fr. Aug. 1 ,1 9 0 0 ,lnt. gu.
Wabash Chester dt Western^—1st m ortgage. gold.-C*
1st consol, m ortgage, $1,000,000, gold S S t---- c*
Watt kill Valley—Stock, 3L* per cent, gu aranteed...
1st M. (form erly 7s) guaranteed... . " ......................
2d m ortgage incom e, 3 ^ p er cent, guar a n te e d ...
Warren (IS. J.)—Stock, 7 p. c. perp., guar D. L. & W
1st consolidated (no * 1st) m ortgage. F .................
1st ref.M , $2,000,000, gold; gu. p. & i . F »..c*& r
W ashburn B ayfield < West. R k —M., $535,000, g ..
p
188
1886
$1,000
188
188
1901
1885
1,000
1,000
52
....
1,542
1,009
1,542
1,542
150
97
....
144
....
9
22
22
41
38
42
65
33
33
65
18
18
65
$1,760,750
4,9^9,300
1,572.000
1,323,000
4-5 g. J. & J. Jan., ’ 89, coup, last pd. Jan. 1, 1916
5
M. & N. N. Y ., Farm. L. & Tr. Co. M ay 1, 1941
6 g. M. & N. N. Y ., Central Trust Co. N ov. 1, 1915
100
1878
1,000
1878 500 &c.
1889
1,000
1889
1,000
1889
1,000
1889
1,000
1891
1,000
1899
1,000
1901
1.000
1901 500 &c.
1901
),00 0
1901
1,000
1873
1,000
1902
5.000. 000
1.000. 000
388,500
31,664,000
14,000,000
3,500,000
26,500,000
3.376,000
1,600,000
3,000,000
3,000,000
2,900,000
100,000
100,000
See text.
(t)
6 g.
7
5 g.
5 g.
6
6
5 g.
4 g.
4 g.
3^g.
5 g.
4 g.
7
4 g.
1878
1,000
1878 100 &c.
1888
1,000
1,000
1893
100
1,000
1877
1877
1,000
....
50
1875
1,000
1900
1,000
1898
577,000
304,500
300,000
390.000
330.000
250.000
330,000
1,800,000
484,000
910,000
235,000
6
8
5 g.
5 g.
3^
3*2
34 j
7
7
3^g.
5 g.
V a lle y R R , ( V i r g i n i a ) —Owns H arrisonburg to L exin gton ,V a.,62
m. Stock, $2,712,200 (par, $100), o f which B. < O. ow ned June 30,
fc
1899, $1,020,600 and $223,000 o f the bonds. In year 1900-1, gross,
$ 12 7,6 7 2; net, $17,685; interest, $45,000; taxes, $2,298.
V e l a s c o B r a z o s Sc N o r t h e r n B y , —See page 175.
V e r m o n t Sc M a s s a c h u s e tts R R . —R oad, Fitchburg to Green
field, Mass., 56 miles o f double tra ck ; branch, 3 miles. The road is
leased to the Fitchburg R R. fo r 999 years at 6 per cen t on stock.
A.
A.
M.
F.
J.
J.
J.
J.
M.
A.
M.
J.
M.
M.
&
&
&
&
&
&
&
&
&
&
O.
o.
N.
A.
J.
J.
J.
J.
S
o.
8.
& J.
& N.
& N.
N. Y ., Office 195 B’way.
do
do
N. Y. Central Trust Co.
do
do
In 1902 paid 6 p. c.
.None ever paid.
N. Y ., Central T rust Co.
N. Y ., C ontin’l Trust Co.
N. Y., K nicker.Trust Co.
N. Y ., B ow ling Gr. Tr. Co.
N.Y., Continental Tr.Co.
St. Louis, Office.
N. Y ., Office, 195 B ’way
J. N. Y ., Office, 195 B ’w ay
A. B oston,Bank R edem p’n
J. N. Y ., Nat. Bk. Com.
J. Ju ly ’94, pd. Ju ly 1, ’ 96
N. Y ., Gr. Cent. Station
do
do
J. & J.
do
do
M. & S.
A .1 5 & 0 N. Y ., Del. L. & W. RR.
M. & S.
do
do
do
do
F. & A
In default.
J. & J.
J.
F.
J.
J.
&
&
&
&
i»)
Oct. 1, 1908
Oct. 1, 1903
May 1, 1939
Feb. 1, 1939
July 1, 1938
See text.
July 1, 1941
Jan. 1, 1939
Mar. 1, 1941
Oct. 1, 1941
Mar. 1, 1921
Jan. 1, 1928
May 1, 1903
M ay 1, 1942
July
Aug.
July
Jan.
1,
1,
1,
1,
1908
1903
1918
1928
Aug. 1, 1917
Aug. 1, 1917
Apr. 1 5 /0 2 ,3 1
*
Mch. 1, 1905
Aug. 1, 2000
Jan. 1, 1918
The Des Moines D ivision bonds o f 1899 ($1,800,000 authorized) cov e r
96 miles, equipm ent costing $250,000, etc. See V. 68, p. 574, and ad
vertisem ent in C h r on . M arch 18, 1899: also V. 69. p. 335, 796. 1248.
The Toledo & Chicago D ivision 4s o f 1901 are secured by a first lien
on extensions constructed in 1^01 from Maumee, O., to M ontpelier, 50
miles, and from N ew H aven, Ind., to Butler, 26 miles, and by a lien
subject to the D etroit & Chicago ext. 5s on the present line from
M ontpelier to C hicago, 150 miles. In Jan., 1901, also sold $3,000,000
equipm ent bonds, a. sinking fund m ay retire $100,000 equipm ent
V e r m o n t V a l l e y R R . o f 1 8 7 1 . —Owns B ellow s Falls to Brattle- bonds annually at 108 fo r 5 years, then $150,000 fo r 10 years and
boro, V t., 24 miles. C ontrols the Sullivan County R R ., B ellow s Falls thereafter $200,000.—V. 72, p. 185, 582, 822; V. 73, p. 567.
The Omaha Division 3 ^ s (B ow ling G reen Trust Co. o f New Y ork,
to W indsor, Vt., 26 miles. O perated by B oston & Maine.
Earnings o f V erm ont V alley fo r year ending June 3 0 ,1 9 0 1 , gross. trustee,) are secured by a first lien on the form er Omaha & St. Louis
$246,012; net, $56 882; div. on Sullivan Co. R R ., etc., $49,394; total R R ; C ouncil B luffs, la , to Pattonsburg, Mo., 144 miles; o f the issue,
net, $106,276; interest, taxes, etc., $46,169; dividends paid, $60,000; $500,000 are reserved fo r im provem ents
In May, 1902, purchased the Colum bia & St. Louis R R ., Centralia to
balance, surplus fo r year, $107.— (V. 63, p. 8 7 7 ; V. 65, p. 8 6 7 .)
Columbia, M o., 22 m iles, guaranteeing $300,000 fou r per cent gold
V Ic h sh u ra : S h r e v e p o r t Sc P a c ific R R . —See R ailw ay b elow bonds thereon, o f w hich $100,000 to retire the old 7s. (V. 73, p. 338,
786, 1012; V. 74, p. 1040.)
and V. 74, p. 3 8 1 ,6 -2.
G e n e r a l F i n a n c e s .— June 3 0 ,1 9 0 1 , there w ere bills payable, $645,V i c h s b u r g S h r e v e p o r t Sc P a c ific R y . —Delta, La., on Miss
issippi River, via Shreveport, to Texas line, 188 miles. Of this, 17 miles, 871, including $180,009 notes p ayable and $465,861 rolling stock
Shreveport to Texas 8tate line, is leased to Sherman Shreveport & notes payable m onthly to N ov., 1904. (V. 71, p. 440.) In Jan., 1901,
Southern (Missouri Kansas & T exas system) fo r 25 years from July sold $6,0 0 000 bonds; see above.
In 1902 a syndicate including the G ould interests had acquired
28, 1900. S u ccessor on M ay 1, 1901, to V. S. & P. R ailroad , fo re
con trol o f the Wheeling & Lake Erie, and w ill com plete in 1902 the
closed, p er plan V. 72, p. 628, 676.
Pitts. Carnegie & W estern R y., from Steubenville, O., to Pittsburg, 60
S t o c k , E t c .— Stock authorized, com m on, $3,000,000; pref., $ 2 ,2 0 0 ,000. Of the $3,500,000 general 5s $ •,323,000 are reserved to take miles, form in g in con n ection with the W abash an independent route
up at m aturity the prior lien 6s and j£605,000 fo r future requirement s. to Pittsburg fo r the Missouri Pacific and associated lines. V. 72, p.
776, 8 74 .1 1 8 9 ; V. 73, p. 186; Y. 74, p. 1091. A lso another Gould syn
E arnings.—Y ear ending June 30, gross. $1,080,352 in 1901-2; $896,- dicate has acquired the W est Va. Central & Pittsburg and the West,
936 in 1900-1. R eport fo r 1900-01 in V. 73. p. 1157.
rn M aryland R R to obtain access to tidew ater at Baltim ore. See the
Land
Interest
tw o last-nam ed com panies m May, 19o2, a G ould syndicate acquired
Year.
Gross.
N et.
Sales, Etc.
Accrued.
Bat.. Def.
control o f the A nn A rbor R R , connecting w ith the Wabash R R . at T o
1 9 0 0 -1 ....$ 8 9 6 ,9 4 0
$280,571
.........
.............
ledo and another o f ihe D etroit & M ackinac R y. V. 74, p. 1091,1141.
1 8 9 9 -0 .... 691,531
183,219
$56,807
$408,889
$168,863
In March, 1898, began running trains into Buffalo, N. Y., using 246
—(V. 72, p. 392, 628, 676, 822, 937; V. 73, p. 1 1 5 7 .)
miles o f Grand Trunk R y. under jo in t trackage agreem ent. The Wabash
V ir g in ia M i d la n d R y . —On June, 21,!98, m erged in Southern R y. Co w ill p ay the Grand Trunk a rental com m en cing at $275,000 per
'
annum, to be increased at the end o f every five years by $25,000 a
'W a b a s h R a i l r o a d .—(S ee M a p .) —E m braces lines as follow s,viz.
year, until it reaches $350,000 per annum. W abash also pay its quota
Owns West o f Miss. River.
Owns East o f Miss. River. Miles.
o f cost o f operation and m aintenance.—(V. 66, p. 812.)
T oledo, O., to East H annibal,
M oberly to Ottum wa, l a ....... 131
Traffic.—In 1900-1 carried 8,354,949 tons; grain furnished 2 0 1 2 p.
Camp Pt. and Elvaston, 111. 536 Salisbury to Glasgow , la ., etc
15
c., bitum inous coal 20*47p.'c.; lum ber 5*73 p. c., and liv e stock 4*00p. c.
D ecatur, HI., to E. St. L ou is.. 110 Des Moines to M oulton, l a ...
95
E a r n i n g s .— 11 mos. > 1901-2...... Gross, $17,537,869; net, $4,919,445
Juno, near Chicago to Effing
Other lin es...............................
18
July 1 to May 31. 5 1900-1...... Gross, 16,126,525; net, 4,396,389
ham and A ltam ont, 111......... 216 Brunswick, M o., to Council
Streator to Fair b u ry ................
31
Bluffs, la . . . . ................... 225
A n n u a l R e p o r t .— Fiscal year ends June 30. Annual m eeting at 8tEdw ardsville B ran ch..............
8 E xcelsior Spr to M ilw June.
9 Louis second Tuesday in Septem ber. R eport for 1900-01 was given at
length in C h r o n i c l e , V. 73, p. 550, 567; editorial, p* 531, show ing;
D elrey,near Detroit, to Butler 110
T otal ow ned and leased___ 2,064
M ontpelier, O., on line to D e
1899.
1900.
Year ending June 30—
1901.
troit, to Clarke Jun ction,
Trackage, etc.
2,358
Average m ile a g e .....................
2,278
2,367
near Chicago.......................... 150 Chicago to Clarke J u n c tio n ..
26 Gross ea rn in g s.......................... $17,554,464 $16,440,990 $14,393,974
A ttica to C ovington ................
15 M oberly to H annibal (V. 69,
1,686,363
1,896,131
M aintenance o f w a y ..............
2,335,371
Champaign to Sidney..........
12
p. 550)....................
70 M otive p ow er............................
3,129,737
3,605,625
3,909,316
T oledo to M ontpelier, O .......
50 E ast H annibal to Q u in cy _________ 17 Maintenance o f cars................
891,527
1,334,758
1,457,151
Ft. W ayne to Butler, In d ___
26 7 short lines to Quincy, D e
4,703,847
5,110,902
Transportation and ge n e ra l..
5,050,207
Owns West o f Miss. River.
troit, & c...................................
36
T otal oper. exp en ses....... $12,752,0±5
$11,947,416 $10,411,474
St. Louis to near Kansas City. 275 W indsor, Ont., to B u ffalo___ 270
$3,982,500
$4,493,574
Net earnings............................. $4,802,419
Centralia to Columbia, M o ...
21
(72-33)
(72*67)
(72*64)
St. L. Levee to Ferguson, Mo.
11
Grand total July, 1 9 0 2 ___ 2,483 Per ot. oper. exp. to earn’ gs..
249,811
339,522
From rent o f tracks, & c.........
343,836
A lso 7 m iles ow ned, but leased, n ot included a b o v e .’
$4,232,311
$4,833,096
Total net in com e.............. $5,146,255
The new line from a p oin t near T oledo, O., to M ontpelier, 50 m iles,
567,163
givin g the com pany a continuous line from T oledo to Chicago, was T a x e s ..........................................
$567,327
$586,199
825,717
1,129,863
com pleted in Jan , 1902; also a lin e from N ew H aven, Ind., to B u t Track, bridge rent., <feo..........
1,496,349
2,691,495
2,715.796
ler, 26 miles, replacing the Eel R iver RR. V. 73, p. 559. The Omaha I n f st on bonds and ren ta ls..
2,760,571
210,000
& at. Louis R R , C ouncil Bluffs. Ia., to Pattonsburg, M o , 145 miles, D iv. on “ A ” d e b .....................
210,000
Included above, was taken ov er N ov. 1, 1901.—(V. 73, p 1012.)
sur.$93,136 sur.$210,099 sur.$147,936
Balance.
H i s t o r y , &c .—Successor in 1889 to the W abash St. Louis & Pacific,
O f f i c e r s .— Chairman o f Board, O. D. A sh le y ; Pres, and Geu. Man
w hich was sold in foreclosure. See S u p p l e m e n t up t o January, 1889. ager, Joseph R am sey Jr.; Treas., F. L. O’Leary; Sec, J. C. Otteson.
L e a s e .— E ntrance to Chicago is secured over the Chicago < W est In
fc
Directors.—Messrs. O. D. Ashley, Thomas H. Hubbard, Edgar T. Welles,
diana, o f whose stock this com pany owns $1,000,000.
James H. Hyde, Joseph Ramsey Jr., George J. Gould, S. C. Reynold*. John T.
Terry, Russell Sage, P. B. Wyckoff, Edwin Gould, Henry K. McHarg and Cyrui
C a p i t a l S t o c k .— The stock is $24,000,000 preferred 7 p. c. non-oura..
J. Lawrence.
and $28,000,000 co m m o n ; par, $100. H olders o f the “ A ” and “ B”
Office.—195 B roadw ay, N. Y .—V. 74, p .10 91 , 1141,1357; V .7 5, p.31.
debenture m ortgage bonds are entitled to one v o te at stock holders’
m eeting for every $100 o f principal, and to nom inate one-half o f the
W a b a s h C h e s t e r Sc W e s t e r n R R . —See page 175.
highest even num ber o f the board o f directors.
W a r r e n Sc C o r s i c a n a P a c i f i c R y . —See page 175.
B o n d s .— Abstracts o f the m ortgages o f 1889 were in V. 49, pp.
W a r r e n R R . , N« J . —New H am pton Juno, to D e a . Bridge, N. J.,
270-273. The first mortgage covers all the lines ow ned both east and 18*8 m. Leased in perpetuity to Dela. L. < W. at 7% on stock ana interest
fe
w est o f the Mississippi at tim e of reorganization (1,542 m iles), and on bonds In July, 1900, $2,000,000 3^38 were authorized to retire the
enough bonds are retained to retire the prior liens on roads w e s t; but $750,000 first 7s due Oct., 1900, and to provide fo r the $600,000 con
the second mortgage covers on ly lines east ol the river at time of or sols due Mar. 1. 1905, balance being for im provem ents. See form of
ganization in 1889,1,009 miles. As to the C om pton decree ($339,929 guaranty.—(V. 72, p. 628; V. 72, p. 45, 428.)
w ith 6 p. c. from May 1,1888,) see V. 65, p. 926; V. 66, p. 39. Of the
W a s l i b n r n B a y f i e l d A I r o n R i v e r R R . —See V. 7 4 ,p. 938,1357.
debenture mortgage bonds, $3,500,000 are series A (preferred in respect
to interest paym ents only) and $26,500,000 series B. I f series B bonds
W a s h i n g t o n B r a n c h R R . —Y. 75, p. 31.
are n ot presenteu at m aturity, July 1, 1939, interest continue to be
W a s h i n g t o n C e n t r a l R y . —Owns road, Cheney to Coulee City,
payable if earned. See stock above.
Wash., 108 miles. R eorganization o f the Central Washington RBI n t e r e s t on >1890 to 1893. ’94. ’95. ’96. ’ 97 to ’ 99. ’ 00. ’01.
’ 02.
sold in foreclosu re Jan. 19. 1898. Leased in 1898 to Northern Pacific
< A ” bonds % )
4
6 yearly.
0
0
1
0
6
6
6
fo r 999 years at rental sufficient to p ay interest on new 50-year gold
The Detroit cC Chicago Extension bonds cov er 150 miles, com pleted 4s, to he issued at $15,000 per m ile. (See full particulars V. 66, p.
in May, 1893, from M ontpelier, Ind., to Clarke Junction, 26 mile6, 953.) The Northern Pacific ow ns the entire $1,000,000 o f capital stock
and $282,000 bonds.—(V. 67, p. 127, 691.)
from Chicago. M ortgage is fo r $3,500,000; abstract in V. 54, p. 1049.
^Chippewa Falls
ppleton /
J
vVilmar
wis.
Eau Claire
Glencoe
G reen B,;
A n ilie rs t
;aoillac
.Manisi
" PlovertT
MerrillaR
Chaska/
KFORT\
£OPEMfSH
Clinton
^Marshfield
M *Rf0 N
A
T r e v in o
hauitowoc
I S t.P e te r /N
Marshall-
Winona'
Mankato;
Necedah
Albert Le;
Ruthven
NSheldon C
i
W t . pleasa'Nt*
Waukesiia\
icine
^Evansville1
•Belmond
Grand Ha'
(M ilw a u k ee
Oelwein <
f
>
Hinton
D ubuqi
Kenosha
'^^valamazdcT
FondaXiLL,
A bbott'
Battle Creek
BentoiHdarbor
SabulaN
Marshalltown
C arrod k A
Jefferson
owosso
Grand Rapids'
M A D Ii
du q h ie n _ M
Dodge ville
' Stratfoi
.Marys-.,
.ASHLEY,
Muskej
!a lm a r
Goderich
(
^
Howard]
Worthington
fnly Jc/Y
hason Cy
-
3
Saginl£wv
J^ACMA 0____
Portage
Elroy
ustin
Pent w ater1
leboygan
~ , A Dodge Ceh,
7
Owatonna f
Heron Lake J t
farwel' l
^OLARt
Oshkosh1
C e d a r R a p id s
^IG rin n ell
Forrestoir
C lin ton
W e s t^ iberty~'\ip j f
Herndon
-Mendota
LEVELAN D
doliet^r-i^Y
p* D a v e n p o rt^ ^ R o ch Island
F i.
A
Oskaloosa
Dunreatlr
/
IARVEY
O T T U M WA
MORAVIAN
// y
UDELLle y m o u r
ELKNAP
BLOOTvtf.lELD
" vv
Morion.,
PONTIAC
V
ISA
Li ma
Galesdiurg
OK ! . v L e .
RV
- MASSil U N
>
\
navARRE
M a n s fie ld
j c st >
j
*
SHER0F3DS V
•QLEJM OO
W D
.uncie •
.QUEEN/CITY
nderson
KlRKSVILLE
Falls'Cy.
\\ k roV»
Delaware
o
Urbana
PLATA.
/
A ? p
X f^X P -
C O L U M B U ^ -W bSsHO-; ' o v
e fc r ;— P v
i/oRESDEN - - -
Springfield
Hiawatha
OyiNQTON
tch iso.
Dayton
HCNDIANAPj
jullWan-
WINDSOR
CLancasteir
Greensburg
Gosport
SALT
RObinsor
"Weston
N. Vernon
Portsmouth
ncennes
BALT
S ed a lia
PFERSON CY. & y
iiiLoir
'a rson s
Che topic
Ashland
N ew ,A lbany
Cuba
cm isville
’axis
Camden
Carbonchde
Salem1
Owensboro
\Lamar
Burgiii,
Cecilia
Hazard
.Madiso!
•pringfleld
Carthage
Tinceton
Neosho
M AP
Central Cy.
Mammoth Cave
Greensburg
Norton
Malden
Cum her fund Gap
Edgefield Jc.
T in
W abash Railroad
Scottsvillo
Knobe 1
o f
Liringgton
Chadwick
Eureka Springs
Staunton
V
Mouett
Vinita
CHARLESTON
van aville
Bismarcli
beral
M aysville
Princeton'
Contralia
W a rsa w
Nevada
.Mitchell
AND
CON N IPTION S
U y JLilU± U l l U
Bonds—Princi
INTEREST OR DIVIDEN DS.
Miles Date Size, or
pal,^When Due.
A m ount
Par
of
of
Rate per When Where Payable, and Dy Stocks—Last
F or explanation o f colum n headings, &o., see notes
Road. Bonds Value. Outstanding
Cent. Payable
Whom.
on first page o f tables.
Dividend.
R A ILROADS.
Washington OenVt—1st M., g., $15,000 per m ile .K
Washington County—1st M .,g ., $ 2,3 20 ,0 00 .C e..c*
Wash. & Columb. River—1st M., $2,500,000, g.F -C *
Incom e bonds, non-cura., $2,500,000. F .. - ..........
Wash. & F rank.—1st M., $475,000, g., int. ren ta l.r
Washington Ohio & Western—See So u t h e r n R t .
West Chester—1st m ort., int. guar, by Penn. R R ...
West Jersey & Sea Shore R R —Common stock ,.........
Special guaranteed stock (W est Jersey R R .).......
Camd. & Atl. con. M. ($650,000 5s; bal.6s coup.)
W est Jersey con sol, m ort. ($1,600 is s c r ip )...r
W oodstown & Swedesboro 1st m ortga ge...........c*
W. Jersey & S. S., 1st consol. M., series “ A ,” g.c*
Gold, Series “ B ,” $1,500,000, g o ld ...................c*
West Shore—1st M .,gu . p .& i., en d.byN .Y .C .F n .c& r
West Virqinia Central &Pittsb.—8tock, $25,000,000.
1 s t M., gold, $3,600,000 (V. 52, p. 2 0 4 ) .M p ...c *
Piedm ont < Cum berl’d, 1st M., int. rental, g .M e
fc
Coal & Iron R y .,ls t M. V .7 1 ,p .ll6 6 ,g u .,g M e B a
West Virginia <•Pittsb.—1st M., g, r e d .M e .B a .c*
£
WesVn (A la .)—ls t M .,g .,g u . b yC . Ga. andG a.R R .c*
Western M aryland—1st M. and pref. 2d M. (end’d ).
5th m ortgage, held b y City o f Baltim ore, sink’g f ’d
City of B altim ore lo a n ................................................
New m ort. in return fo r City o f Balt, s to ck .te x t
E quipm ent bonds, payable $3,500 m on th ly.......
L e a s e d L in e s —See statem entof each com pany.
108
137
163
....
19
1898 $500&c.
1898
1,000
1895
1,000
1895
1,000
1899
1,000
5
1879 100 &c
....
50
__
_
50
79 1881
1,000
128 1879 500 <&
c.
11 1882
1,000
310 1896
1,000
310 1896
1,000
450 1885 l,00 0& c
....
....
100
132 1881
1,000
2 9 , 1886
1,000
45 1900
1,000
159 1890
1,000
132 1888
1,000
90 58-’ 68 500 &c.
90 1887
....
. - -
100
1900
1901
W a s l i i s i g t o n & C o l u m b i a R i v e r R y . - O w n s road from D ay
ton , W ash., to Pendleton, Ore., 128 m iles; branches, 35 m ile s; total,
163 miles. Stock is $3,000,000; par, $100. A dditional iirst 4s
m ay b e issued fo r exten sions at $20,000 per mile. (V. 61, p. 70.) In
Feb., 1898, the Nor. Pac. R y. purchased the entire capital stock and
all o f the incom e bonds. Interest paid on incom es: In 1898-9, $55,000.
E a r n in g s .— Y ea r en d in g J u n e 3 0 ,1 9 0 1 , g ro ss, $419,965; net (over
ta xes), $204,705; in t. on 1st m o r t., $100,000; im p ts. a n d b e tte rm e n ts,
$56,267; su rp lu s fo r y e a r , $48,438.— (V . 66, p. 426.)
W a s h i n g t o n C o u n t y R R . - S e e page 175.
W a s h i n g t o n & F r a n k l i n B y —See page 175.
W a s h i n g t o n & P o t o m a c R R . - Y . 71, p. 136, 699; V .73,p.€64.
W a s h i n g t o n T e r m i n a l C o . —Y. 74, p. 529
W e l l i n g t o n G r e y & B r u c e R y . —V. 68, p. 1228; V. 70, p. 1250.
W e s t C h e s t e r R R . —M orstein io W est Chester, Pa., 5*22 miles.
Leased to Pennsylvania R R. fo r 99 years from Aug. 6, 1879. R ental
equal to 5 per cent on $165,000 stock, interest on bonds and taxes.
D ividends payable F.&A.
W e s t J e r s e y <fc S e a S h o r e R R .- f /S e e Map P en n sylvan ia R R .)
—Owns all the lines o f tne P ennsylvania System in Southern New
Jersey, including line from Camden, opp.Philadelphia, to Atlantic City
(59 m .), Camden to Cape M ay, 81 in., etc.; total ow n ed 330 miles.
O r g a n iz a t io n .—A c o n s o lid a tio n in 1896 p e r p la n V. 62, p . 366, 871.
S t o c k .— Common stock authorized, $8,076,000, o f w hich the Penn.
R R . held Jan. 1 .1 9 0 2 , $1,692,950. V. 67, p. 188.
D iv id e n d s .—On com mon In 1896, 2 ^ p .c.; in 1897, 5 p. c.; 1 8 9 8 ,5
p. c.; in 1899, 5; in 1900, 5; in 1901, 5; in 19* 2, Mar., 2*2 p. c.
B o n d s .— F irst con soiid ated m ortgage is for $7,000,000, o f w h ich in
Jan ., 1901, $1,840,000 are reserved fo r prior lien bonds when due,
and $2,060,000 for im provem ents, etc., V. 62, p. 1179. M ortgage
trustee, Com m onwealth Title In su r & Trust Co. Philadelphia.
E a r n in g s .— 5 m os., $ 1 9 0 h . ......... Gross, $1,227,628; net, $241,077
Jan. 1 to May 31. *1901......... ...G r o s s , 1,163.728; net, 217,577
R e p o r t . —R eport fo r 1901 was in V. 74, p. 1136.
Tears end. Dec. 31.
1901.
1900
1899.
1898.
G ross earnings.......... $3,678,693 $3,490,457 $3,114,192 $2,682,122
Net earnings................
918,943
934,276
872,240
680,476
In 1901 other incom e, $24,010; interest on funded debt, rentals,
taxes, etc.,, $306,206; balance for dividends, $636,747. D ividends at
5 p. c. on com m on (and 6 p. c. on special guaranteed) call fo r $253,843, leavin g $382,904, all o f which was transferred to the extraord ii ary expenditure fu n d .—( V. 74, p. 328, 1 1 3 6 .)
W e s t S h o r e R R ,- ( S e e Map N. Y. Central < H udson R iver.)—Line
&
Of road from W eehawken, N. Jr., opposite New Y ork City, to Buffalo,
N. Y .,w ith branches to A lban y City and R ochester City, 450 m iles;
Syr. Ont. & N. Y. R R . (owned), Syracuse toE a rlv ille, 45 m .; total, 495 m.
Successor in 1885 to the N ew Y ork W est Shore < Buffalo, foreclosed.
fe
L e a s e .—Leased in 1885 fo r 475 years to the New Y ork Central <
fe
H udson and all earnings, <fec., included in that com pany’s report. The
$10,000,000 o f stock is ow n ed b y the New Y ork Central Company.
B o n d s . - The bonds cov er the line o f road, W eehawken to Buffalo,
w ith branches, 450 m iles in all, and also the terminals at W eehawken
b y ownership o f all the stock and bonds o f the Term inal Company.
A b stra ct oi mort. In V. 42, p. 176.— (Y. 68, p .33 2.)
W e s t V i r g i n i a C e n t r a l & P i t t s b u r g R y . —A railroad and coal
com pany m w est Virginia in the upper Potom ac region—the Elk Garden
C oa f Field. Owns road in operation from junction near Piedm ont,
W. V a., to Belington, W. Va., 102 m iles; Elkins Junction to Huttonsville, 17 miles; branches to Elk Garden, &c., 13 m iles; total ow ned,
132 m. Leases Pied. < Cumb. R R ., o f which 92 p. c. of stock is
fc
ow ned, 29 in., under new lease o f 1899, p rovidin g fo r interest on
$650,000 5 per cent bonds, 5 per cent on $650,000 stock, etc. V. 69,
V. 490. Total operated, 161 miles. In Jau., 1902, the Coal & Iron R y.
Co., whose entire stock is ow ned and $1,000,000 bonds are guar
anteed, was building from Elkins, W. Va., to the Forks o f the Green
brier River, in Pocahontas Co., W. Va., 45 miles, to a con n ection
with a branch o f the d ie s . & Ohio from Caldwell, com pleted in July,
1901 See V. 71, p. 860 and form o f guaranty p. 1166.
In May, 1902, the Coal & Coke Ry. was incorporated w ith $5,000,000 authorized stock to build from a poin t 10 mile north o f Elkins
w este lv through Randolph and other counties to 0 ; n np coal prop
erties. V. 74, p. 1251.
H i s t o r y .— Main line com pleted in 1 8 8 9 . In Deo., 1899, by acquisition
o f $ 2 ,7 0 0 ,0 0 0 capital stock o f Davis Coal < Coke Co., the R ailw ay Co.
fe
acquired about 5 0 ,0 0 0 acres o f excellen t steam ing and coking coal
and nearly 7 0 0 coke ovens; 1 0 3 ,8 5 2 acres o f coal, iron and tim ber
lands are n ow ow ned and 1 .7 6 4 leased, the mines p rodu cing about
5 ,0 0 0 ton s of coal and 1 ,0 0 0 tons o f coke daily In Jan., 1 9 0 2 , ttie road
w as sold to a syndicate closely associated with the one building the
Gould (Pittsburg Carnegie & Western RR.) extension into Pittsburg,
w hich in M ay, 1 9 0 2 , acquired tlio Western M aryland R R . Consolida
tion (proposed. V . 7 4 , p. 9 6 , 2 0 7 , 2 6 9 , 7 2 9 , 7 7 7 , 9 8 9 .
St o c k .— Authorized by law, $25,000,000.
The stockholders in
August. 1901, voted to increase the outstanding stock fro n $10,000,000
to $15,000,000, a p ortion o f the new stock to be used to acquire ce r
tain coal and other properties connected with the com pan y’s m ining
$1,538,000
2,142,000
2,500,000
2,245,000
334,000
4
5
4
4
5
g. Q .-M . N. Y ork, K n ick .T r. Co.
fc
N one paid.
g. J. < J.
g. J. & J. N. Y .,F arm ers’ L.&T. Co.
Payable as earned. See text.
Philadelphia, Pa.
g. J. & J.
75,000
5
M. & S. Phila., B road St. Stat’n.
4,952,050 5 in 1901 M. & S. Phila., B road St. Stat’n.
104,000
do
do
6
J. & D.
999,000
5 & 6 J. & J.
do
do
M. & N.
750,000
6
do
do
90,000
6
M. & N.
do
do
1,600,000
do
do
4 g- J. & J.
1,500,000
do
do
3h2 g. J. & J.
50,000,000
4
J. & J. N. Y ., Gr. Cent. Station.
11,000,000 3 ^ i n ’01 Semi- an Check from Co.’ s office.
3,250,000
J. N.Y., FirstN .B k. & Balt.
6 g. J.
650,000
5 g. F. & A. Balt., H ainbleton & Co.
1,000,000
5 g. F. & A Balt.,Mer.Tr.<fe Dep. Co.
4,000,000 (5) 4 g. A. & O. N.Y.B.&O.Of.,2 W all St.
1,543,000
41
2g. A. & O. N.Y. Guaranty Trust Co.
6
J. & J.
222,000
1,704,000
3^4 J. & J. Balt., N. M echanics’ Bk.
4
684.000
do
do
J. & J.
1,875,000
3h*
112.000
Mch.
Jan.
July
July
Jan.
1,
1,
1,
1,
1,
1948
1948
1935
1935
1939
Sept., 1919
M ar.l5,’0 2 ,2 1
s
J u n e l5 '0 2 , 3%
July 1, 1911
Nov. 1, 1909
May 1, 1912
July 1, 1936
July 1 1936
Jan. 1, 2361
Mar. 25, 02, 2
July 1, 1911
Aug. 1, 1911
Aug. 1, 1920
Apr. 1, 1990
Oct. 1, 1918
1890 < 1895
fe
Jan. 1, 1927
July 1, 1925
Jan. 1, 1950
To M ay, 1904
operations, and also to purchase the B u xton < Landstreet Co. V. 73,
fc
p. 392. Of the new stock $1,000,000 was issued in Occ., 1901; see Y.
73, p. 786. B ills payable June 30, 1901, $ H 0,000.
D iv id e n d s ) 1889 to ’ 94. 1895 t o ’ 96. ’97. ’98. ’99. ’00. ’01. ’02
(Per cent.) S 1 yearly.
yearly.
1 ^
1
2 ^ 3*2 M ar..2
In 1901, Mar., l ^ p . c . ; Sept., 2 p. c ; in 1902, Mar , 2 p. c.
L a t e s t E a r n in g s . - F o r 9 mos. ending' Mar. 31, inclu din g coal dept.:
9 m<8. RR, gross. R R .n et. Coal, etc., Total net. Ch’ges,etc. Balance.
1 9 0 1-2...$ 96 0,4 6 2 $345,978 $451,412 $797,390 $423,695 $373,695
1 9 0 0 -1 ... 881,459 371,678 558,113
929,791
539,686
390,105
A n n u a l R e p o r t .—Fiscal year changed to end June 30. The annual
report fo r 1900-1 was in Y. ^3, p. 661. E arnings have been:
Gross o f
Net over
Other
Interest & B a l.fo r
Year.
R ailroad.
taxes.
incom e.
rentals.
div., etc.
1 9 0 0 - 0 1 ......... $ 1 ,1 8 2 ,1 8 1
$ i3 3 ,9 2 4
$ 6 0 4 ,3 9 8
$ 1 5 0 ,7 5 0
$ 8 6 7 ,5 7 2
1899-00......... 1, 08,392
407,083
350,248
256,202
501,129
From surplus above shown in 1900-01, w ere paid as fo llo w s: Bet
term ents, equipm ent, etc ,$ 50 5,19 1; dividends (3 ^ p. c,), $350,000;
bal., sur., $12,381. “ Other incom e” includes pro tits o f Davis Coal &
Coke Co. ($503,656) and real estate departm ent ($100,742)
T otal coal and coke shipm ents fo r year 1900-01, 1,628,714 tons; in
1899-00, 1,775,250 tons; 1,492.238 tons in 1898-99; 1,338,923 tons in
1897-98; 1,214,635 tons in 1896-97; 1,156,300 tons in 1895-96.
Prest., H. G. D avis, Elkins, W. V a .- ( V . 74, p. 1253; V. 75, p. 79.)
W e s t V i r g i n i a & P i t t s b u r g R R . - f ^ e Map Balt. < Ohio.)—
&
Clarksburg, W est Va., to R ich w o o d , W. V a., 120 miles, with branch, 6
miles; also from W eston via B nckhannon to Pickens, 50 miles; to
tal, 176 miles. Leased to reorganized B. & O. fo r 999 years from
Sept. 1 ,1 8 9 9 , per plan in V. 67, p. 1310, fo r fou r per cen t on the
m ortgage, all excep t $10,000 bonds being stam ped with an agreement
reducing the interest from 5 to 4 per cent and the B & O. having option
to purchase bonds at par w ithin 5 years on 60 days’ n otice.—V. 69, p.
439. 646. Com., $2,500,000, and pref., $900,000, all deposited by Balt.
& Ohio under its ow n Pitts. L. E. & West Va system m ortgage.
B o n d s .— First m ortgage covers road and its equipm em and 134,842
acres o f tim ber, coa l and m ineral lands in W est V irginia.—(V. 71, p. 810.)
W e s t e r n ( T l i e ) R y . o f A l a b a m a . —Selma to W est P oint, 1 3 2 m.
G eorgia R R. and Cent. R R . o f Ga. each ow ns half the $ 3 ,0 0 0 ,0 0 0 stock.
D i v i d e n d s ) 1 8 9 4 to 1 8 9 6 . 1 8 9 7 .
1898.
1899.
1900.
19 0 1 .
(Per cent.) 5
2 yearly.
3
0
5
4
Jan., 2
E a r n in g s .— 12 m o s .,) 1900-1.............Gross, $821,088; net, $286,327
July 1 to June 30.
$ 1899-0............ Gross, 739,745; net, 262,425
E a r n in g s .— F or year ending June 30, 1901, gross, $825,906; net,
$290,203; other incom e, $5,156; total deductions, $234,377; divi
dends, $120,000.—(V. 72, p. 45, 1 3 4 .)
W e s t e r n M a r y l a n d R R . —R o a d —Baltim ore toW illiam sport.M d..
etc., 93 miles. Leases—Baltim ore & Cumberland V alley R ailroad ana
extension, Edgem ont to Shippensburg, Pa., 34 m ile s ; Baltim ore & Har
risburg Railroad, E m ory G rove, Md., to Orrtanna, Pa., 59 miles, and
branches, 6 m ile s; western extension, 15 m ile s ; Potom ac V alley RR.,
W illiam sport to Cherry Run on the B. < O., 14 miles, and Porters to
fc
York, 17 miles; W ashington < Franklin R y., H agerstow n, M d.t to
fc
Zum bro, Pa., 19 miles; total, 258 miles main line.
St o c k , E t c .— Common stock is $684,950 ; par, $ 5 0 ; 6 p. c. lirst pre
ferred stock, $324,000. In June, 190?, the Gould syndicate, which
purchased the West Va Central & Pitts. R y.f took over the boldines or
the city of Baltim ore and W ashington County in the W estern Mary
land, and w ill extend the road to tidew ater at Baltim ore and in time
to the coal fields in W estern $Mary land. W est Va. or Pennsylvania,
and to a con n ection with the W est Va. Cent. < Pitts., w ith w hich lat
&
ter the road will be consolidated. V 74, p. 9 8, 989, 1091; V. 75, p.
31. The m inority stockholders are ottered $35 per $50 share fo r their
stock. V. 75, p. 79.
a n n u a l R e p o r t .— Statement for 1900-1 was in V. 74, p. 677.
Year end.
Gross
Net
In terest,
IH v.on
B al.f
Sept. 30.
earnings, earnings, rents, <£c. B .& H .pref. surp.
1901.................... $2,119,473 $784,417 $432,834 $3,043
$348,840
1 9 0 0 ................... 1,823,741
670,529
433,037
3,043 234,449
President (July, 1902), W inslow S. Pierce; Vice-Pres, and Geu. Mgr*
F. S. Landstreet. D irectors, V. 7
p. 79. —(V. 74, p. 6 7 6 , 728, 777,
831, 938, 989, 1091; V. 75, p. 31, 79.)
W e s t e r n N e w Y o r k A P e n n s y l v a n i a R y . —Owns Buffalo to
Emporium, Pa., 118 miles; Buffal »toOil C ity,P a., 1 3 6 miles; OilCitvfco
Olean, 110 miles; Rochester to J linsdale, 99 miles; S to n e b -r o to Mar
h oningtow n 38 m iles; branches, including proprietary lines, 85 miles;,
total owned, 586 miles; leases, 45 miles.
O r g a n iz a t io n .— R eorganization M arch 1 8,1895 (per plan in S u pple
m e n t of January, 1895), of the Railroad, foreclosed Feb. 5,1895.
In 1900, the Pennsylvania RR. purchased $19,402,686 o f the stock
at $9 per share. $9,123,576 incom e bonds at $300 per f ond, and
on Aug 1, 1900, took the road over under lease, together with
the A llegheny V alley RR., with which it may later he consolidated.—
V. 71, p. 31, 85. See full statement, V. 70, p. 8 4 3 ,1 0 9 6 , 1150.
B o n d s .—A bstract o f W estern N. Y . & Pa. 1st m ortgage in V. 47, p.
.
109. The general mortgage carried interest till A pril 1, 1897, at 2 per
cent, then till 1901 at 3 per cent and n ow at 4 per cent. On June
30, 1901, $395,000 incom e bonds were in the treasury.
J1UULJ iUUJ LUMJA
Subscribers w ill confer a great fa v o r by g iv in g im m ed ia te notice o f any error discovered in these T a b les.
Bonds—
Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,^When Due.
of
Par
Stocks—hast
For explanation of oolumn headings, &o., see notes of
Road. Bonds Value. Outstanding Cent. Payable
Whom.
on lirst page of tables.
Dividend.
RAILROADS.
586
WestemN. Y. < Pennsylvania—Stock (see text)......
e
West. N. Y. & P. 1st M., ($10,000,000), gold. He.O* 586
586
General M., $10,000,000, gold, see te x t.F n . ...o*
—
Inoome bonds, $10,000,000, gold, non-cum. F P c*
Mortgages and ground rents payable...................
Western North Carolina —
See so u th ern R y .
....
Western Perm.—Stook, lease rental...........................
Consol. M. ($5,000,000),g , gu. p.A i.Pa.RR .PIPc* 138
Wheeling < Lake Erie—Com. stock, $20,000,000...
£
1st pref. stock, 4 p. o., non-cum , $5,000,000.......
2d pref. stock, 4 p. c., non-cum., $12,000,000---1st M., Lake E. Div., Bowerstonto L. E., g . M e ..e x i*87
50
1st M. Wheel’g Div., $ & £ (2d on 187 m.)g.Ce.c*
5
Toledo Belt Railway is t mortgage, gold C e ........
Exten. and Impr.mort. ($1,900,000),gold.C e..o* 260
1st consol, mortgage, gold, $15,000,000 M e ...c * 451
Car trusts, A u g.31,1901, pay’ble mo’ly, qr & an. ___
Equipment bonds, $2,500,000, g., s. f., see text. M e . . . .
10
Whee ino Terminal— 1st M . $2,000,000, g., s. f. c&r
67
White<tBl’k Riv.Yal. lstM .$800,f!0 0,g.,int.guF.c*
...
White Pass < Yukon—Stock £1,700,000..................
£
112
Consol. 1st mort. deben. stock, red. after 1920.
....
Mortgage debentures (navigation bonds) red—
18
Wichita Falls—1st mort., g., red. at 1< 5, s. f.SSt.o.
51
Wien. Vat.—1stM.,in. red to 3% to July,’02g.Mec*&r
Wilkesbarre <- Eastern—See N. Y. ScsQ. & W est.
£
5
Wilkesbarre < Scranton—Stock, 5 per cent rental..
£
5
First mortgage gold, guar. p.&i. by L. C. & N. Co.
45
Williamsport < No. B r —1st M., $7f 0,000 g .F P .c*
&
Wilm. Oolum. < Aug.—See A tlan tic Coast L ine Co. OF
£
Willmar & Sioux Fulls—See G r e a t N o rth er n .
1887
1895
1895
....
1888
1886
1888
1888
1889
1899
__
1902
1900
1900
....
1900
1901
1895
1890
....
1888
1901
S. C.
$50 $20,000,000
9,990,000
1,000
1,000 10,000,000
1,000 10,000,000
317,199
5 g. J. & J. N. Y., Continental Tr.
do
do
4 g. A. & O.
Nov. 1. Office—When earned.
5
A. & 0.
6
1,775,000
4,000,000
4 g- J, & D.
20,000,000
4,986,900
11,993,500
2,000,000
5 g- A. & O.
894,000
5 g. J. & J.
66,000
5 g- M. & S.
368,000
5 g. F. & A.
11,130,000
4 g- M. & S.
899,336
1,000
2,5 no, 000
5 g. J. & J.
1,000
1,500,000
4 g. F. & A.
1,00»
600,000
5 g. J. & J.
£10 £1,375 000 See text. See text
£10. &c
J. & J.
£750,000
5
£100
J. & J.
6
£255,555
$500
$230,000
6 g. J. & J.
1,000
fc
769,000
3 (5) J. < J.
50
1,000
100
100
100
1,000
1,000
1,000
1,000
1,000
50
1,000
1,000
500,000
500,000
500.000
Jan. 1, 1937
Apr. 1, 1943
Apr. 1, 1943
Philadelphia, Pa.
Apr. 15/02,3%
Phila.,Broad St. Station June 1, 1928
N. Y., Mercantile Trust
N. Y., Central Trust.
do
do
do
do
N. Y ., Mercantile Trust
.. . . .
N Y , Merc. Trust Co.
Office, Pittsburg.
N. Y., First Nat’l Bank.
Offi., 7 Margate S t , Lon.
do
Oct. 1, 1926
July 1, 1928
Mar , 1903
Feb. 1, 1930
8ept 1, 1949
To April, 1911
Jan. 1, 1922
Aug 1, 1940
June 30, 1980
Dec,, ’01, 5%
Dec. 31, 1930
Jan. 1, 1911
St. Louis, Mo.
Jan. 5, 1925
N.Y. Mercantile Trust. July 1, 1940
5
Dec. 31 Phila., 108 So. 4th St. Dee.31,’01,5%
do
do
May 1, 1938
4l2g. M. & N.
J. & J. Phila., Fid. I„T r.& S .D . July 1, 1931
* Of which $266,000 in treasury June 30,1901.
A n n u al . R e p o e t .— Report tor 1900-01 was given in V. 74, p. 149.
Years ending June 30.
1901.
1900.
Gross earnings..................................................... $4,075,089 $3,813,713
Netearnings..............................................................
429,122
914,441
Other incom e..........................................................
7,091
24,265
Net income........................................................
Interest charges on 1st mortgages......................
Int. on gen. mtg. (see above)...............................
Taxes.. ........... . ......................................................
Tnt. on real est. and equip, notes........................
Miscellaneous and extraordinary.......... ...........
$436,213
$499,500
323.807
90,336
22,069
88,497
$938,705
$499,500
294,037
107,190
20,148
............
Balance, surplus................................................... df.$587,995
$17,830
- ( V . 7 1 ,p. 3 3 9 ,3 4 3 ,5 4 4 ,1 0 6 4 ; V. 72, p. 138; V 74, p. 149.)
W estern P e n n sy lv a n ia B B . - Owns from Bolivar to Butler, 71
miles, and Butler Junction to Allegheny City, 28 miles, double track;
branches. 39 m.; total, 138 miles. New lease of Jan. 1,1897, to Penn
sylvania RR. in place of lease of 1888 provides for fixed rental insur
ing 6 per cent dividends per an. E a r n in g s .—In 1901 rental,$300,358;
expenses and taxes, $33,859; interest, $160,000; balance, $106,500,
being 6 p. o. dividend. Penn. RR. owns the $1,775,000 stock.
W h e e lin g T e r m in a l R a ilw a y .—Owns a railway bridge at
Wheeling, W. Ya., completed in 1891, and about 10 miles of terminal
track, connecting various RRs. A reorganization of the Wheeling
Bridge & Terminal Ry., purchased at foreclosure sale on May 27,
1900, in the interest of the Pennsylvania RR. Stock .—$2,000,000,
all outstanding; par $100. Of the bonds '500.00 are re erved for
additions and improvements; mortgage trustee, Commercial Trust
Co. of Phila. For year ending Dec. 31, 1901, gross, $197,368; net,
$118,511; int., $60,000; rentals, $51,070; bal., sur., $7,441. Pres.,
Edward B. Taylor; Sec., S. B. Liggett; Treas., T. H. B. McKnight.—
(V. 70, p. 1096, 1197, 1292.)
W h e e lin g Sc L a k e E rie R R .' •(See Map o f 'Wabash RR.) Includes:
Miles.
Dines owned.—
Miles.
Toledo, O.. to Martin’s F erry ...218 Cleveland Belt .......................... 6
Cleveland to Zanesville, O...... 144 Branches owned....................
44
Canton to Sherrodsville............ 45 Branch leased............................ 8
Toledo Belt Line.................
4
Total.............................................
469
The stockholders voted May 1,1901, to purchase or lease the Adena
RR , under construction from Adena, O., to Bellaire and Martin’ s
Ferry, opposite Wheeling, W. Va., 26 miles (see V. 72, p. 534),and the
Zanesville Belt Terminal Railway, or the aiding of said companies or
either of them; also to construct a branch line from Fuller’s Station in
Cat roll County, O.. to Craig’ s Stone Quarry. V. 72, p. 676. An exten
sion is under construction from Jewett, O., to Steubenville, 60 miles,
under the charter of the Pittsburg Carnegie & Western Ry., whence
trackage rights have been secured <ver an existing line to Pitts
burg, V. 72, p. 874,1189; Y. 73, p. 186;V. 74, p. 578. The stockhold
er-. voted May 7. 1902,to purchase or lease the Chagrin Fails & Lake
Erie RR. or aid in the construction of its road. V. 74, p, 885.
H is t o r y .—Successor May 1, 1899, per plan in Y. 66, p. 1142, of W.&
L. E. Railway, sold in Feb., under foreclosure of consol, mortgage,
subject to underlying 1st mortgages. V. 68, p. 830. In April, 1901,
a syndicate controlled by the Gould interests acquired control,through
purchase of th •common stock in the open market, and the road will
be allied with the Wabash, although operated as a separate property.
V. 72. p 723, 76. 874
The Zanesville Belt & Terminal Ry. was taken over Jan. 1,1902 V.
74. p. 207. The W <e E. E. RR. owns majority of the stock of the Pitts.
t
Wt eeling & Lake Erie Coal Co., leased in 1901 for ten years to other
parties. V. 70, p. 799, 741.
St o c k .—The stock was increased as above in .June, 3899. V. 68, p.
1027; V. 69, p. 29. In March, 1901, $400,000 second preferred issued
on account of purchase of Coshocton <, Southern RR and $600,000,
v
together with $1,000,Of 0 comm n stock, to be used in constructing
extension from Adena, O. to Bellaire and Martin’s Ferry, 26 miles; In
Mar,, 1902, $847 500 first prof, and $423,800 secondpref. for additions
and improvements.
Bonos . - The mortgage of 1899 secures $15,000,000 gold 4s, o f which
$6,400,1 00 to refund or retire existing bonded debt, $3,850,000 for
the Cleveland Canton & Southern and Cleveland Beit & Term., $1,750,000 to retire equipm ent trusts,exten slon san d lmpro eroents, and $3,000,000 to be reserved in the treasury, V. 68, j>, 1027; V. 69, p 29
They arc a first lien on 202 8, miles and cover 2 4 8 miles additional,
subject to the outstanding divisional bonds aggregating about $1 3,bOo per mile. V. 74, p. 1040, Under Die consol, m ortgage, all iinderlj Ing bonds, as exchanged, tour t be canceled
(V .7 1 . p. 391; V. 70
p. 896, 998.) See application to list new securities V. 71, p 3 4 ,5 4 2
Early In >901 $ 1,629 000 first consols were Issued mostly tor Im
provements, and in 1902 $'-00,000. V. 72 p. 534, 628; V 74, p 1040
Equipment bonds of l 002 may be purchased at r ot exceeding 105 and.
Interest or drawn by lot at 108 and Interest tor the sinking fund may
be applied to the purchase o f additional equipment) to the following
amounts: $75,000 for 4 years, beginning j'an. I, 1003, ihen $ 100,000,
$42.1,000, ♦ 150,000 >
.nd $ 14 5,000 year! v for each successive period of
4 years to date of maturity, V. 7 1 , p, ft78.
L a t e s t E a r n ’ s .—41 m o s .) 1 9 0 1 -2 ..G ross, $ 3 ,2 0 6 ,3 9 1 ; n et, $ 8 7 0 ,3 7 7
J u ly 1 to M a y 31.
5 1 9 0 0 -1 ..G ross, 2 ,7 02,62 5 ; n et, 8 0 8 ,6 9 0
R e p o r t .—R e p o r t fo r th e y e a r en d in g J u n e 30 , 19 01 , w a s in V . 73 , p.
10 58 . In 19 00 -1, o f 4 ,2 8 5 ,3 1 0 to n s o f fr e ig h t ca rrie d , p r o d u c ts o f
m in es fu rn ish e d 60 37 p e r c e n t (b itu m in ou s c o a l, 4 2 T 4 p e r c e n t);
m a n u fa ctu re s, 22-56 p e r cen t; p r o d u c ts o f a g ricu ltu re, 6 -65 p e r cen t;
lu m b e r, 4-0 1 p er ce n t; b a la n c e , m iscella n eou s.
Year—
Gross.
Ret.
Oth. inc. I n t , tax., etc.
Bat., sur.
1 9 0 0 -1 9 0 1 ...$ 2 ,9 5 4 ,1 0 5 $ 8 7 7 ,5 9 1 $ 4 4 ,0 5 8
$ 7 7 4 ,6 9 7
$ 1 4 6 ,9 5 2
1 8 9 9 - 1 9 0 0 ... 2 ,6 7 0 ,0 2 4
7 6 5 ,0 3 1
4 0 ,0 7 0
5 9 8 ,8 6 7
2 0 6 ,2 3 4
D ir e c t o r s .—G eorg e J. G ou ld , E d w in G ou ld , C yru s J . L a w re n ce ,
W in slo w 8. P ie r c e , A lv in W . K re c h , and W . E. C on n or, o f N ew Y o ik ;
J o s e p h R a m sey J r., o f 8t. L ou is; M y r o n T. H errick , G eorg e A . G a ir e tson , E. W . O gleb a y , H . P. M cIn to s h , R o b e r t B lie k e n s d e rfe r, D an. R .
H an n a a n d W illia m G. M ath er o f C le v e la n d , an d C. M . S p itzer o f
T oled o. O.
Off ic e r s .—C hairm an o f B o a r d .M y r o n T . H e rrick ; P resid en t, J o s e p h
R a m sey Jr.; V .-P ., A . W . K rech ; T rea su rer, H . B. H e n so n , N ew
Y ork ; Seo’y , J. H . D ow la n d , C levela n d . O ffices, C lev ela n d , O.— (Y. 73,
p. 1 0 5 8 ; Y . 74, p. 2 0 7 , 52 9, 57 8, 885, 9 8 9 , 1040.)
W h it e Sc H la ck R iv e r V a lley R R .—B r in k le y to J a o k so n p o r t,
A r k , 67 m iles L ea sed fo r 80 y ea rs fr o m J u ly 1, 1900, to th e C h o cta w
O k la h o m a * G u lf R R . fo r g u a ra n ty o f in terest, in d o rse d on b u n d s.
S to ck a u th orized , $ 1 ,8 7 5 ,0 0 0 ; p a id in , $ 3 2 3 ,0 0 0 . O f the $ 6 0 0 ,0 0 0
b o n d s ou tsta n d in g , $ 1 0 0 ,0 6 0 h a v e c o u p o n s c u t o ff fo r th e first ten y ea rs
and $ 2 0 0 ,0 0 0 are re se r v e d fo r e x te n sio n fr o m J a o k s o n p o r t to B atesv ille .— V. 7 2 , p. 189.
W h it e P a ss & Y u k o n R y .—T o o w n a n a rro w -g a u g e lin e 312
m iles In len gth , e x te n d in g fr o m S k a gu ay H a rb o r, A la sk a , to F o r t Sel
k irk , on the Y u k o n . A lso p r o je c te d fr o m F o r t Selkirk, 125 o r 15 0
m iles, to D a w so n , a n d to A tlln g o ld fields, etc. O f th is, S k a g u a y to
L a k e B en n ett, at th e h ead o f n a v ig a tio n o n th e Y u k o n R y ., 43 m iles,
c o m p le te d in J u ly , 1899, and 71 m iles fr o m B en n ett to W h ite H orse
o p en ed A u g . 15, 19 00 . V . 69, p. 33 5; V . 67 , p. 1 1 6 2 . 1138.
In
F e b ., 1901, p u rch a se d c o n t r o l o f th e C a n a dia n D e v e lo p m e n t Co., o p e r
a tin g steam ers o n L a k e B e n n e tt an d th e Y u k o n R iv e r b etw e e n W h ite
H o rse and D a w so n C ity. V . 7 2 p. 392; V . 73, p. 44 3.
O r g a n iz a t io n .—In c o r p o r a te d u n d er E n g lish C om p an ies A c t.
S e c u r it ie s .—C a pita l s t o c k au th orized , £ 1 ,7 0 0 ,0 0 0 as in cre a s e d in
M ar., 19 01 . O f th e £ 7 0 0 ,0 0 0 n e w s to ck , £ 2 5 5 ,5 5 5 w ill b e re se rv e d
to retire a lik e a m o u n t o f deb en tu res issu ed to th e C anadian D e v e lo p
m en t Co. in p a y m e n t o f th eir fleet, g o o d -w ill, eto. V. 72 , p. 582
The
d eb en tu res issu ed to C a n a d ia n D e v e lo p m e n t Co. are a first ch a rg e on
th e fleet and a secon d ch a rg e o n th e secu rities o f th e lo c a l r a ilw a y
com p a n ies. Y . 7 4 , p . 479.
T h e con s o lid a te d 1st m o rtg a g e 5 p . e. d e b e n tu re s t o c k o f 1 9 00 is
a £ 7 5 0 ,0 0 0 issue, secu red b y a first m o r tg a g e on th e £ 7 5 2 ,2 2 3 b on d s
and th e e n tire s to ck o f th e lo c a l c o m p a n ie s o w n in g the r a ilw a y . I t
w a s cre a te d to c o n v e r t in to o n e se cu rity all the £ 4 6 9 ,8 3 0 o ld debent*
u re sto ck , to p r o v id e cash to p a y fo r th e se c o n d p o r tio n o f th e r a ilw a y
an d fo r ca p ita l p u rp oses.
D iv id e n d s .—First cash d iv id e n d o f 5 p e r c e n t p a id M ar. 22, 1 9 0 1 ,
and also in A u g u s t a 25 p er c e n t sto ck d iv id en d , th e tw o to g e th e r r e p
resen tin g ih e p ro fits o f th e first th ree y ea rs to J u n e 3 0 ,1 9 0 1 , and
5 per c e n t w as p a id in D e c., 19 01 .— V. 73, p. 392.
R k p o r t fo r y e a r e n d in g J u n e 30, 19 01 , w as in V . 73, p. 4 4 3 , sh o w in g
n e t p r o fit a b o v e in terest on d eb en tu res a n d d eb en tu re stook , £ 2 6 1 ,0 5 8 ;
b r o u g h t fo r w a rd fro m last y ea r, £ 8 3 ,3 1 5 ; tot.nl, £ 3 4 4 ,3 7 3 ; d iv id e n d
(5 p. c.) p a id M ar. 22, 19 01 , £ 5 5 ,0 0 0 ; stook d iv id e n d (25 p. e.), re p re
sen tin g ea rn in g s used fo r im p rov em en ts, £ 2 7 5 ,0 0 0 } ba l., su r.. £ 1 4 ,3 7 3 .
Pres., 8. H. G ra ves, 1016 C h am ber o f C om m erce B u ild in g , C h ica g o,
111.; Sec., F. 0 . E llio tt, T reas-, J oh n W . P rob ert.— (V. 71 , p. 136, 11 08 .
1221; V. 72, p. 3 9 2 , 582; V . 73 , p. 33 9, 39 2, 4 4 3 ; V. 74, p. 479.
W i c h i t a F a l l * R y , — H en rietta , T e x ., to W ich ita F a lls, 18 in lles.
O p era ted > M issouri K ansas < T e x a s Ry. u nder c o n t r a c t e x te n d in g
'
fe
t ‘>Jan 1 ,1 9 3 0 . S tock , $2 0,00 0. S in k in g fu n d o f $ 2 ,5 0 0 is p a y a b le
Ja n . 1 y e a r ly to tru ste e u n d er m ortg a g e.
F o r 6 m os. en d in g D eo. 3 1. 1900. g ross, $ 3 7 ,4 0 1 ; n et, $ 2 0 ,9 4 4 ; int.
and sin k in g fu n d , $ '),5 8 0 ; divtden is, $11,36 1 Y e a r e n d in g J u n e 30,
,.
1 0 0 0 , g r o s s , $ 1 6 ,36 3 ; net, $ 1 5 , 0 1 6 ; int. an I sin Id e g f u n d , $ l 6 , 7 6 5 t
d iv id en d s, $ 1 8 ,2 5 1 ,- V . 7 3 , p. H O T, V. 71, p 8 6 ).
W i c h i t a V a l l e y . —O w ns from W ich ita F ails to S ey m ou r, T e x ., 51
m ile s; c om p leted In S e p t , 1890.
S tock , $ 6 ,0 0 0 ,0 0 0 ; ou tsta n d in g ,
$ l .0 2 0 ,0 0 0 ; par, $1 00 . In 1 8 9 7 Interns! w as scaled to 3 per c e n t to
J u ly I, 1 902. In clu sive, Land and in com e n otes (Os), $ 1 2 3 ,6 1 7
V. 67,
P- 224, Y ea r 1 90 1, g r o s s ,$ 7 5 ,8 7 8 ; not, $4.2,970; c h a rg e s ,$ 3 3 ,9 1 1; h al.,
sur. $9,C02,
W l l k c u b a r r c Sc S c r a n t o n R y . — (See Map Ventral RR, o f N. J.t
O w ns from Horanton to M ln ooka J u n ctio n , Pa., 5 m iles, o f w hich i lg
m iles is d ou b le track. Leased from M ay 1, ihhh , to .Lehigh Coal. & Nav.
,
Co. (see " M iscella n eou s C o m p a n ie s ” ) du ring co rp o r a te e x is te n c e
less on e y ea r, at $ 4 7 ,5 0 0 p er an n um and taxes. Lease assign ed to
Central o f N, J. at 6 per c e n t on c o s t o f road ($ 1 ,0 88 ,0 00 ) and ta xes.
Lehigh Coal V Nav, Co. h old s all the stock.
INVESTORS’ SUFF1A1ME.NT
15©
|Vol . LXXV.
S u b s c r ib e r s w i l l c o n fe r a g r e a t fa v o r b y g i v i n g im m e d i a t e n o tic e o f a n y e r r o r d is c o v e r e d i n tb e s e T a b le s*
Bonds—P rinci
INTEREST
Miles Date Size, or A m ount
pal, When Due.
of
of
Par
Rate Per When Where Payable, and by Stocks—Last
F or explan ation o f colum n headings, &c., see notes
Road. Bonds Value. Outstanding
Cent. Payable
on first page o f tables.
Whom.
Dividends.
R A ILR O A D S.
88
Wilminq. & North.—1 s tM .,call in 1907, int. g u a r..r
88
General M., $1,000,000, g, p.& 1. gu., end. P e P .r
___
Car trust certs., due $8,000 yearly. V. 66, p. 950
W ilmington & W eldon----- S ee A t l a n t ic C o a s t L in e RR.
Winona Bmdqe—1st M., gold, s. f., r ’d. at 1 1 0 .F ....... 1*03
Wiscas. Waterv. & Farm.—1st M „ $1,000,000, re....
deem able after 10 years at 1 0 5 ......................... c*
Wisconsin Central R ailw ay—Se c u r it ie s to b e I s SUED
Com m on stock, $ 1 7 ,5 0 0 ,0 0 0 .............................
....
Pref. stock, 4 per cent non-cum ., $ 1 2 ,5 0 0 ,0 0 0 ...
1st gen. M.. gold . $27,000,000 IJ s .............. ........c* A l l
....
Minn. Ter. M., g., subj. to call at 105 after 1910.
33
Marsh & 8 E .div. 1st M., g.,subj. to call at 1 0 5 .1 g
U n d e r l y in g S e c u r it ie s n o t E x c h a n g e d .
Chic. W isconsin < Minn. 1st m ortgage, g o ld ...c A
fe
M ilw. & Lake Win. 1st m ortgage, gold..............c*
Wis. Cent. R R . consol. M., 1st series, g o ld ...... c&r
Wisconsin < Mich.—ls tM .,g ., $15,000 p. m .......... A
£
Wise. M inn. & Pacific—1st M. (see te x t ), gold.M e.e*
Woonsocket < P a s c — 1 s t M .,in t. gu. City o f W oon .c
£
Worcester Nashua & Rochester- Stock ($3,600,000)..
Wor.&Nas. ( Wor. Nashua & R och. R R . b o n d s ... c*
1st M. o f J
do
do
do .......
79 secures]
do
do
do _..c*
all equally. {
do
do
do .......
122
66
416
54
246
9
94
47
47
47
47
$500
5
J. & D. Phila., R ead’g Term ’l.
1907-1927
Q .- F .
do
do
5 g.
Aug. 1, 1932
5
Q .- F . First N. Bk., W ilm .,D el.
1902-1906
1887
1892
1897
1 ,0 0 0
1,000
$354,000
406,000
36,000
1890
1 ,0 0 0
384,000
5 g
531,800
5 g. J. & J. Phila., R eal Estate Tr.
July 1, 1931
4 g. J. & J,
3l2g. J. & J.
fc
4 g. M. < N.
July 1, 1949
Jan. 1, 1950
M ay 1, 1951
1901 100 &c.
Unde r P lan.
100
16,168,^00
....
100
11,267,200
1899
1,000
24,635,000
1900
1 ,0 0 0
500,000
1901
1 ,0 0 0
450,000
1885
1,000
1882
1 ,0 0 0
1879 500 &c.
1895
1 ,0 0 0
1900
1,000
1890
1 ,0 0 0
....
1 00
1886
1 ,0 0 0
1893
1 ,0 0 0
1890
1 ,0 0 0
1895
1 ,0 0 0
W i l l i a m s p o r t &: N o r t h B r a n c h R R . - H a l l ’ s to Satrterfeld, Pa ,
and br., 45 miles; leases E agles Mere R R ., 8 miles; total, 53 miles.
Stock (authorized, $2,000,000) com m on, $925,362; preferred, $400,000; par $50. The 4Hs o f 1901 cov er the road and 3,000 acres o f
co a l lands in Sullivan Co., Pa., $250,000 being reserved fo r e x te n
sions. The old 5s were canceled.—V. 72, p. 990, 1280.
E a r n in g s .—10 raos., > 1901-2................Gross, $108,416; net, $42,075
J u ly 1 to A pr. 30.
s 1 9 0 0 - 1 ............. .G ross. 94.185; net, 29,135
Surplus over 11 m os.ch ’gs, $18,033 inJ19ol-2, ag’st $3,301 in 1900-1.
Y ear ending June 30, 1901, gross, $i 15,278; net. $39,576; interest
on bonds, $22,500; bal., surplus $17,576. In 1899-00, gross, $109,209;
net, $35,000. President, B. H. Welch, H ughesville, Pa.; Sec and Treas.,
H . C. Adam s, N. Y . - ( V . 71, p. 603; V. 72, p. 676, 990, 1281 )
W i l . C o l. & A u g . R R . —See A tlan tic Coast Line R R . o f S. C.
W i l m i n g t o n A N o r th e r n R R . —Owns W ilm ington, Del., to
Hierhs Junction, Pa., 71 m iles; branches, 17 m ile s; total ow ned, 88
m iles; trackage to R eading, Pa., etc., 4 miles. A lso con trols b y ow n
ership o f m ajority o f capital stock the W estchester E lectric R y, 5*57
miles. G eneral m ort. bonds are reserved to retire first mort. at maturity.
S t o c k authorized, $1,500,000; outstanding, $1,278,050; par, $50. The
Phila. & R eading Ry. ow ns p ractically the entire capital stock, which
is deposited under its collateral trust m ortgage, and leases the road for
999 years from Feb. 1, 1900, for interest on $750,000 bonds and 3 ^
p. e. div. on stock, payable quarterly (Q-F-15). V. 70. p. 127, 998; V.
71, p. 758. No report since 1898, in Y. 68, p. 1021. (V. 72, p. 340.)
W i l m i n g t o n & W e l d o n R R . —See A tla n tic Coast Line RR.
W in o n a
B r i d g e R a i l w a y . — Owns bridge betw een W inona,
Minn., and B uffalo, Wis., 1*03 m ile, opened Sept. 1, 1 8 9 1 . Leased to
W inona & W estern, Green B ay W inona & St. Paul and Chicago
Burl. & No. fo r 3 0 years. S t o c k .—$ 4 0 0 ,0 0 0 ; par, $ 1 0 0 . Y ear ending
June 3 0 , 1 9 0 1 , gross, $ 2 0 ,1 5 2 ; n et $ 1 6 ,5 5 0 ; charges, $ 1 9 ,6 0 4 ; bal.,
def., $ 3 ,0 5 4 . In 1 8 9 9 -0 0 , gross, $ 2 1 ,8 8 7 ; net, $ 1 7 ,1 5 0 .
W i n o n a & W e s t e r n R y . —On Sept. 12, 1901, sold to W isconsin
M innesota & Pacific R y. —Y. 73, p. 617.
W i s c a s s e t W a t e r v i lle & F a r m in g t o n R R . —Wiscasset, Me.,
to A lbion, 4 3 ^ miles (2-foot gauge); also partially constructed from
near W aterville w est to Farm ing con, etc., Me.
A consolidation in 1901 under special act o f the M aine Legislature
o f the W iscasset & Quebec R R . (see V. 71, p. 603; Y. 69, p. 233; V. 66,
p. 185), W aterville < W iscasset R R . and Franulin Som erset & K enne
te
b ec R y.—V. 73, p 392. Stork authorized, $1,000,0o0; p ar o f shares,
$100. The Real E state Trust Co. of Philadelphia is m ortgage trustee.
President, Leonard A tw ood , B u llitt B ldg., Phila., Pa.; Treats., J os
eph C. G ill.—V. 73, p. 392.
W i s c o n s i n C e n tr a l R a i l w a y .—(See H a p ;—S y s t e m extends
from Chicago to Ashland, Wis., and Lake Superior iron m ines, also to
St.Paul and Minneapolis. B y the extension to M anitow oc and the car
ferry across Lake M ichigan, con n ects with the Pere M arquette and has
a short line to the East. V. 63, p. 117. The system includes:
L ines owned.—
Miles.
Lines owned.—
M iles.
Ohic. to Trout B rook Jet.. W is.452 Other b ra n ch es............................ 49
A bb ottsford to Ashland, W is... 133 tra cka ge to Chic., M inn., e tc .. 32
R ugby to M ilwaukee, e tc___ 28
B ranch to Bessem er................... 34
Spurs to industries (65 miles
Stevens P oin t to P ortage C ity. 71
Neenali toM an itow oc(14 jn tly) 44
u n operated )............................167
M arshfield to N ekoosa.......
33
Grand tota l (incl. spin s operated 102 m iles and unop. 65 m ).. .1,043
O r g a n iz a t io n .— Successor J u ly 18, 1899, o f W isconsin Central
Co. after foreclosu re per plan V. 68, p. 7 2 5 ; has acquired b y deed all
the leased lines. V. 6^, p. 2 9 ,8 3 ,1 3 3 ,1 8 2 . See application in fu ll to list
securities.—V. 70, p. 433.
St o c k —V o t in g T r u s t .—Both classes o f stock are vested in the v o t
in g trustees, Gerald L. H oyt, J ohn C rosby B row n, W illiam L. Bull,
Fred. T. Gates and Francis K. H art, fo r five years. The votin g trustees
m ay, how ever, deliver the stock at any earlier date. A fte r 4 per cen t
dividends on both com m on and p referred shall have been paid in any
year both shall participate equally in any further dividends fo r such
year. A fter the term ination o f the votin g trust the p referred is to
have the right to elect a m ajority o f the directors w henever fo r tw o
su ccessive years dividends upon the preferred at the rate o f 4 per c e n t
per annum shall nor have been paid in cash.
B o n d s — The new' 1st gen. gold 4s ($27,000,000 authorized) are
secured by a m ortgage u pon all the lines o f railw ay, term inals, equip
m ent and other p rop erty arquired thereby, and also b y deposit o f all
securities ow ned or acquired under the plan; in Ju ly, 1901, $2,255,000
w ere reserved to retire underlying bonds still outstanding, and about
$110,000'rem ained available fo r betterm ents, purchase o f equip
m ent, etc. In May, 1900, made a purchase m oney m ortgage on M in
neapolis term inals to M inneapolis Trust Co., as trustee, to secure
$500,000 o f 3hi per cent bonds, and in M ay, 1901, on the Marshfield &
Southeastern R v., Marshfield io Nekoosa, 33 m iles.—V. 70, p. 896; V.
72, p. 937, 1035; V. 73, p. 851.
G e n e r a l F in a n c e s .—The reorganization p rovid ed $5,060,257 fo r
new equipm ent, im provem ents, expenses o f the reorganization, etc. In
Mar., 1901, $908,000 additional first consols, issued for im provem ents,
w ere listed, m aking total outstanding $.'4,635,000. V. 72, p. 628.
E a r n in g s .— F or 11 months ending May 31:
776,000
604,000
663,500
951,000
3,960,000
100 ,0 0 0
3,099,800
150,000
511,000
735,000
380,000
6
6 g.
5 g.
5 g.
4 g.
5
5 in ’02
4
4
4
4
M. & S. N. Y ., J. W alker & Son. Sept. 1, 1915
M.
J.
J.
J.
A.
A.
J.
J.
J.
J.
A.
&
&
<
fc
&
cfe
<
fc
&
&
&
N ew Y ork,
Maitland, Coppell
& Co.
S.
J. J
J.
J.
See T ext.
O.
New Y ork.
O. R. I. Hos. Tr. Co., Prov.
J. Bos., A m .Loan &Tr.Co.
J.
do
do
J.
do
do
J.
do
do
O.
do
do
Mch. 1, 1916
July 1, 1912
Jan. 1, 1909
Jan. 1, 1945
Oct. 1, 1950
Oct. 1, 1910
July 1 , ’ 02.212
July 1, 1906
Jan. 1, 1913
Jan. 1, 1930
Oct. 1, 1934
11 m os.—
Gross.
Net.
Oth. inc. Interest, etc. B a l.,su r.
1 9 0 1 2 ............. $ 5 ,4 8 0 ,3 9 6 $ 1 ,9 2 7 ,1 5 7 $ 2 3 ,0 5 4 $ 1 ,5 6 4 ,3 4 2
$ 3 8 5 ,8 6 9
1 ,6 5 6 ,0 8 6
1 8 ,3 0 6
1 ,4 9 3 ,2 1 6
1 8 1 ,1 7 6
1 9 0 0 - 1 ............. 4 ,8 0 3 ,0 7 8
R e p o r t .— R ep ort fo r year ending June 3 0 , 1 9 0 1 , at length, was in
V. ^3. p. 8 3 8 , 8 5 0 ; see also edit., p. 8 1 5 . Of the total freigh t traffic in
1 9 0 0 - 1 ( 3 ,4 3 7 ,9 0 2 t ns) 27*07 p. c. was irou ore and 26*83 per cent
lum ber and forest products. Iron ore contributed 9*67 per cen t of
the ton miles hauled and 8*57 per cen t o f the freight earnings. Average
rate per ton mile in 1 9 0 0 -1 , 7*42 mills, against 9*71 m ills in 1 8 9 3 -4 .
Statement fo r 1 9 0 0 -0 1 w as in V . 7 3 , p . 7 2 0
1 9 0 0 -0 1 .
1 9 9 9 -0 0 .
1 8 9 8 -9 9 .
1 8 9 7 98 .
Gross earn in gs.............. $ 5 ,3 2 4 ,2 7 4 $ 5 ,6 3 7 ,4 1 6 $ 5 ,1 1 8 ,0 1 8 $ 4 ,9 3 9 ,7 2 5
Operating expenses---- 3 .4 4 6 ,4 6 3 3 ,5 8 0 .9 3 6 3 ,0 5 7 ,4 8 9 3 ,0 2 0 ,8 0 7
Net earnings.......... $1,857,811 $2,056,480 $2,060,529 $ 1,9 18 ,9 18
T otal net in co m e .........$1,882,574 $2,064,753
New com pany took
F ixed char.,taxes, etc. 1,636,455 1,571,843
possession
----------------------------------- July 18, 1899.
Sur. fo r the 12 m os. of. $246,119 $492,915
D ir e c t o r s .— John Crosby B row n, W illiam L. Bull, James C. Colgate,
Fred T. Gates, Gerald L. H oyt, E. W. Sheldon and Joseph S Dale,
N ew Y ork; Francis R. H art, B oston; H enry F.W hitcom b and H ow ard
M orris o f M ilwaukee; W illiam F. V ilas, M adison, Wis
O f f ic e r s . -C h airm an o f the B oard, Wm. L. Hull; President, H enry
F W hitcom b, M ilwaukee; Com ptroller and A uditor, R obert Toom bs,
M ilwaukee; Treasurer, W illiam R. H an cock. Milwaukee; Secretary,
Chas. M. Morris, Milwaukee; Asst. Secy., Joseph S. Dale, New York.
N. Y. Office, 24 E xchange P lace.—(V. 73, p. & 38, 8 5u.)
W i s c o n s i n & M ic h ig a n R y .—Owns from Faithorn J u n c
tion , M ich., on M inneapolis St. Paul & Sault Ste. Marie R ailw ay, to
Peshtigo, W ise., 49 miles, w ith branch, 5 miles. Opened fo r traffic Jan.
1 .1 8 9 5 . From Peshtigo cars are taken by Lake M ichigan Car Ferry
Transportation Co. to Chicago. Stock authorized and issued, $951.500; par value, $ 1 0 0 ; equipm ent trusts (June 30, 1898), $118,526;
other unfunded debt, $308,028. In Jan., 1901, tw o coupons, it was
stated, were in default. A plan to scale the rate o f interest bad been
proposed, but no result haa been reached in Julv, 1901. In 1899-00,
gross, $115,287; net, $8,133; charges, $48,443. Pres., C. H. B osw orth,
C hicago.—(V. 66, p. 185.)
W i s c o n s i n M in n e s o ta & P a c ific R R .—Red W
ring, Minn., to
Mankato, 95*7 miles; R ed W ing to Zum brota, Minn., 25 in.; branch to
Clay Banks, 3 in.; W inona, Minn., to Osage, la ., 115 m .; Simpson,
Minn., to R ochester, Minn., 7*5 m .; total, 246*2 miles. The above mile
age includes the Duluth, Red W ing < Southern R y., 28 miles, purchased
fe
.July 1, 1901, and the W inona
Western Ry., 115 m iles, acquired Sept.
1 2 /1 9 0 1 , a 30-m ile con n ectin g line from Zum brota to R ochester to
be com pleted in the summer o f 1902. Stock, $2,000,000, all ow ned by
the Chicago Great W estern R y., w hich com pany operates the road as a
part o f its system under an agreem ent dated A pr. 1 ,1 9 0 1 , running for
100 years, p rovid in g th at all net earnings a bove interest on bonds
shall go to the Great Western, the accounts o f this road to be kept
separately.—V. 73, p. 566.
R e p o r t .—T he com bined earnings o f the roads con stituting the pres
ent m ileage (246 m iles), w hile operated separately, fo r the year ending
June 30,^1900, were: Gross, $534,636; net earnings (over taxes),
$212,015. (V. 73, p. 844.)
W i s c o n s i n W e s t e r n R R . —Owns from W auzeka, Crawford Co.,
T
to La Farge, W is., 51*7 miles. In corporated in Dec., 1899, as succes
sor of the K ickapoo V alley & Northern R R ., foreclosed. V. 69, p,
1148. Stock authorized, $600,000. For year ending June 30,1901,
gross, $51,159; net, $3,606. President, H orace A. J. Upham; V. P., Wm.
E. B lack; Sec., Charles E. M cClure; Treas., Charles W. Norris. Office,
Old Ins. B ldg., M ilw aukee, Wis.—(V. 69, p. 1148.)
W oon sock et
P a s c o a g R R . —Owns road from W oonsocket*
R. I., to H arrisville, 9 miles. Incorporated 1889. Leased to N. Y.
New England, but in July, 1896, the New E ngland RR. purchased the
entire capital stock—see V. 63, p. 698. Stook, $200,000; par, $100.
W o r c e s t e r N a s h u a A: R o c h e s t e r R R . —Owns from Worcester
via Nashua to R ochester, 94 miles. Leased for 50 years from Jan. 1,
1886, to the Boston & Maine; rental $250,000 and taxes.
D iv id e n d s - > 1887-93 ’94 ’95 ’96 ’97 ’98 ’ 99 ’00 ’ 01
1902.
Per cen t.......... $ 6 yearly
5
5
5
5 5*4 4*2 4 53* 5
Total profit and loss deficit June 3 0,1 90 1 , $346,796 Current liabili
ties July 1, 1901, $70,000.—(V. 60, p. 7 4 9 ; V. 71, p. 1271.)
W r lg ;h t* v ili© «fc T e n n ille R R . —Tenuille, Ga.. to Hawkinsville
76 miles, o f which D ublin to H aw kinsville, Ga., 40 miles, was former
Oconee & W estern RR., m erged Feb. I, 1899. V. 69, p. 189. Stock,
com m on, $230,000; preferred, $70,000. Par o f shares $25. Cent, of
Ga. Ry. owns all the preferred and *104,300 of the com m on stock.
Dividends (J.&J.) were paid on b o tlisto ck sa t rate of 7 p. c.; 1900, Jan.,
3 p. c.; June 20, 1900, 4 p. o.; Dec. 2 1,3 *4 p. o.; 1901, June 22. 3 p. o.;
Deo., 3 p. c.; 1902, July 1, 3 p. c. For year to June 30, 1901, gross,
$156,132, neb, $61,969; total deductions, *5,674; div., $19,500; baL,
* 3 6 f79o. Pres., A. F. Daly, Tennille, Ga —(V. 68, p,189.;
Y o r k S o u t h e r n R R . —See Maryland & Pennsylvania RR.
Z a n e s v i l l e A O h i o R i v e r R y . —See Ohio & Little Kanawha RY*
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MISCELLANEOUS
C O MP A N I E S .
The following pages (Nos. 152 to 169 contain the leading industrial companies. Some additional statements will be
found on pages 170 to 174, while various gas companies are on page 176. and an index to still other industrials is on page 175.
Bonds—Princi
INTEREST OR DIVIDENDS.
Date Size, or
pal,When Due.
Amount
of
Par
Rate Per When Where Payable, and by Stocks—Last
For explanation of column headings, &o., see notes on
Bonds Value. Outstanding Cent.
Payable
Whom.
Dividend.
first page of tables.
MISCELLANEOUS.
Adams Express—Stock..............................................................
Collateral trust mortgage, g o ld .file ..................................
Aliis-Chalmers—Common stock, $25,000,000....................
Pref., 7%, cum. (as to assets & div.), $25,000,000, text.
Amalgamated Copper—Stock, $155,000,000.......................
Amer. Agricul. Chemical Co.—Stock, com ., $20,000,000.
Pref. 6 p. ct. cum. (as to assets and div.) $20,000,000..
American Alkali—Stock, common, $24,000,000...............
P re f.,6 p .c.,cu m . See text, (mostly $10 paid in) ___
American Bank Note—Stock (no bonds)...............................
American Beet Sug ir—Common stock, $15,000,000........
Preferred stock,“6 per cent, non-cunl., $5,000,000.........
A ner. Bell Telephone—See Amer. Teleph. < Telegraph Co.
fc
American Bicycle—Pref. stock, 7 p .c ., c u m .......................
Sinking fund debentures, gold (V. 69, p. 6 96 ). r s m . o ’'
American Can—Stock (half is 7 p. c. cum., p r e f)...............
Am erican Oar & Foundry—Common stock, $30,000,000.
Preferred stock, 7 per cent, non-cum., $30,000,000—
American Chicle—Stock, common, $6,000,000..................
Preferred, 6 p. c. cum., $3,000,000....................................
American Cotton—Stock, common, $4,000,000........ ........
Preferred stock. 8 Der cent, cum., $3,OO0,OOO................
Debentures, $2,000,000, gold, red. at 105. U e............. c
American Cotton Oil—Common stock, $20,237,100..........
Pref. stock 6% non-cum., sub. call at 105, $14,562,300.
Debentures, extended in 1900 (V. 71, p. 237, 1010>..c*
Am erican District Telegraph—Stock, $4,000,000 .............
$100 $12,000,000 8 in 1901 J. & D.
1898 500 &C. 12,000,000
4 g. M. & S.
100
20,000,000
....
100
16,250,000 See text Q .-F .
100 153,888,000 See text. Quar.
100
16.715.600
100
17,153,000 6 in 1901 A. & O.
—
50
24.000. 000
2.400.000
50
Q .-M .
3.600.000
6
100
15.000. 000
—
100
4,000,000
6
Q .- J .
1899
....
....
....
..
1902
....
1890
—
100
1,000
100
100
100
100
100
100
100
1 000
100
100
1,000
100
9,294,900
9.500.000
5 g82.466.600
30.000. 000 2 in 1901
30,000,000
7
6.000,000 See text.
3.000. 000 in 1901
6
4.000. 000
3.000. 000 in 1900
8
2,000.000
6 g.
20,237,100 2 in 1901
10,198,600 6 in 1901
3,000,000
Ah g
3,844,700 2 h i n ’01
M. & S.
New York, 59 Broadw’y June 2,’01,4%
N. Y ., Merc. Trust Co. Mch. 1, 1948
N. Y., Br.-Exch Bldg. May 1 ,’02,1%
Aug. 25, ’02, J*
Checks mailed.
N. Y., Office, 26 B’ way. Apr. 1 ,’02, 3%
B y check.
Checks mailed.
New York.
Mar.31,’02,1%
July 1 , ’0 2 ,1
Sept. 1, 1919
Q .-F . N. Y., Guar. Trust Co.
Q .-F .
do
do
8ee text N. Y ., Park Row Bldg.
do
do
Q.—J.
Aug. 1,’ 02, h %
A u g .l, ’ 02, 1$»
J’ly 10,’ 02,1%
July 1 , ’02, lJ*
M. & N. Off., 25 Broad St., N. Y.
A. & O.
New York.
Yearly. N. Y., Winslow, L. & Co.
J. & D.
do
do
•
Q .-F .
do
do
M. & N. Treas. off.,6DeySt.,N.Y
Nov. 2, ’00. 4%
Apr. 1, 1905
Dec. 2 ,’01, 2%
June 2 ,’ 02, 3%
Nov. 1, 1915
May 15,’ 02,1%
A c e t y l e n e .—See E lectro Gas, V. 61, p. 1107; N. Y. Carbide & A cet.,
A m e r i c a n B e l l T e l e p h o n e C o .—See Amer. Teleph. & Telgr. Co.
V. 61, p. 1155; Un. Carbide, Y. 66. p. 762.
A m e r i c a n B i c y c l e C o .—Or g a n iz a t io n —Incorporated in New
A d a m s E x p r e s s .—O r g a n iz a t io n .—An association form ed in 1854 Jersey on May 12,1899, and acquired concerns mentioned in V. 69, p.
but not incorporated, operating on about 35,000 miles o f railroad, in 177, 493, including Pope Mfg. Co. (Columbia bicycle), Crawford Mfg.
cluding Penn., C. B. & Q., Ches. & Ohio, N. Y. N. H. & H., etc.
Co., W est’n Wheel W orks, Autom obile & Ci cle Parts Co. (Y. 72, p. 284,
B o n ds .—In 1898 treasury securities were pledged with Mercantile 537), etc. See application to list. V. 72, p. 536, and Y. 73, p. 782,1358.
Tr. Co. to secure (subject to prior indemnification o f shareholders from
Stock authorized, com mon, $20,000,000; outstanding, $17,701,500;
any loss by reason o f personal liability) $12,000,000 o f 4 p. c. bonds. par o f shares, $100; pref. 7 p. e., cum., and bonds, see table above.
These last were then distributed as a 100-p. c. dividend. V. 66, p. 470. Stockholders voted on Oct. 30,1901, to reduce the authorized stock
D iv id e n d s .—Long 8 p. c yearly, but reduced in 1898, on payment from $30,00 .',000 to the amounts outstanding as shown above.—V. 73,
o f 100 p. c. div. in bonds, to 4 p.c. Beginning Dee., 1900, an extra 2 p. 844, 958 Sinking fund buys $250,000 bonds yearly Sept. 1 at not
p. o. was paid semi-annually from investments (see V. 66, p. 470; V. over 105. In March, 1901, $500,000 was retired. V. 72, p. 185. Re
port for year ending July 31,1901, with balance sheet, was in V .73,
73, p. 1265.)
p. 782, showing profits of $850,682; interest on bonds, $500,000; bal
A lb e m a r le & C h es. C a n a l.—See page 170.
ance, surplus, $350,682. Total surplus July 31, 1901, $956,262.
A llls -C lia lm e r s C o .—O r g a n iz a t io n .—Incorporated in N. J. on
O f f ic e r s .—R. L. Coleman, President (to retire Oct., 1902); C. W.
May 7 ,19 01 , to manufacture heavy engines, mining and other m a Dickerson, Secretary, Park Row Building.—(V. 74, p. 989.)
chinery, com bining Edward P. Allis Co. of Milwaukee, Fraser &
Chalmers of Chioago (V. 72. p. 1137); Gates iron Works, Chicago;
A m e r i c a n B r i d g e C o . —See U n it e d S tates St e e l C o r p ’ n .
Dickson Mfg. Co., Scranton, Pa., etc. Y. 74, p. 1144. Has a working
A m e r i c a n C a n C o . —O r g a n iz a t io n . -In corporated in New Jer
capital of $10,000,000, including $2,500,000 to be expended in doub sey on Mar. 1 9,1 90 1 , as a consolidation, em bracing, it is said, about
ling the Allis plant Properties taken over as of April 1, 1901. Yer- 85 per cent of the tin can business o f the country, including about
m ilye & Co. of New York were interested. V. 72, p. 874, 937, 990.
100 concerns. See partial list, Y. 72, p. 582, Closely allied with the
D iv id e n d s .— On pf., 1% p.c., July, 1901; N ov., 1901, to May, 1902, American Tin Plate Co. (now (J. S. Steel Corporation). Stock, see
7 p. c. yearly (ia4 p. c. Q.-J'j.
table. Mortgages assumed, $119,000. Moore Brothers are interested.
R eport for year ending March 31, 1902, in V. 74, p. 881, showed net
S t o c k , E tc .—Preferred entitled to 7 p. c. cumulative dividends and
a further preference of 1 p. c. non-crumulative after 7 p. c on common, earnings from operation, $1,775,564.
into which it will be convertible, share for share, on any May 1 up to
O f f ic e r s .—President, E A. Assmann; First Vice-Pres. and Chairman
1921, inclusive. There are no bonds.
of E xecutive Committee, H F. Akin; Treas. and Aud., F. S. Wheeler;
Sec. & Asst. Treas.. L. H. Landon, 11 Broadway. Directors, Apr., 1902,
R e p o r t .—First report for the year ending A pril 3 0,1 90 2 , w as given
at length in V 74, p. 1144, sh ow in g: Net profits over depreciation, V. 74, p 885.—(V. 74, p. 885, 1091.)
etc., $1,442,260; dividends on pref (7 p .c .), $1,137,500; bal., sur.,
A m e r i c a n Car & F o u n d r y . —O r g a n iz a t io n , E tc .—Incorporated
$304,760. Chairman of board, Elbert H. Gary; Pies., Charles Allis; in New Jersey on Feb. 20, 1899, as a consolidation of the MichiganSec., J W. Young; First Vice-Pres. and Treas., W. J. Chalmers. Office, Peninsular Car, Ohio Falls Car Mfg. etc., m fg. freight and passenger
Broad-Exchange Bldg., N. Y .—(V. 74, p. 269, 885, 1 1 3 6 , 1 144.)
cars. V. 68, p. 280, 377, 1029; V. 71. p. 8 6 ,S4S\ V. 73, p. 958.
A m a lg a m a te d C o p p e r C o .—O r g a n iz a t io n , E tc .—Incorporated
D iv id e n d s .—On pref., 1% p. c., July l , 1899; Nov. 1, 1899, to Aug.,
on A pril 27, 1899, in New Jersey and purchased control oi Anaconda 1902, both inclusive, 1% p. c. quar. (7 per an.) Div. on common paid
Cop. Co. (V. 67, p. 953), Parrott S ilv e r * Cop. Co., Washoe Cop Co., Aug. 1,1900, to Aug. 1 ,19 02 , inclusive, h p.c. quar. (2% per annum).
Col. Smelting, Bost. & Mont. Con. Cop. & Sliver Min. Co. aud Butte &
Report fo r year ending April 30,1902, was in V. 75, p 27, show
Bos. Consol. Min. Co., etc. See statement to N. Y. Stock Exchange ing net earnings $4,295,602; dividends on pret stock (7 p. c.), $2,showing securities owned, etc , V. 72, p. 1281. Stock was authorized 100,000; on com mon (2 p. c.), $60J,000; surplus, $1,595,602.
in June, 1901, to be increased from $75,000,000 to $155,00 j ,000, to
O f f ic e r s .—Pres., Fred’k H Eaton; Chair, of Exec. Com., W. K. Bixby;
purchase the stocks of the tw o last-named companies, per terms V. 72, Treas., S. 8. De Lano; Sec., F. F. W ebber, St. Louis, Mo. Directors, V.
p. 1082; balance unissued reserved to acquire remaining shares of 72, p. 1239; V. 74, p. 1357. N. Y ., 25 Broad St.—(Y. 75, p. 2 7.)
those com- anies. In 1902, litigation with F. A Heinze was pend
A m e r i c a n C e m e n t C o .—See page 170.
ing. In D e c , 1901, and Jan., 1902, the price o f copper was re
duced from 17 to llh s cents per pound. V. 73, p. 1265, 1314. See also
A m e r i c a n C h i c l e C o .—O r g a n iz a t io n —Incorporated m New
V. 73, p. 1283. See Y. 73, p. 164, 723, 844, 1161, 1209, 1265.
Jersey on June 2, 1899, and consolidated the leading chewing gum in
The only bonds are Bos. < Mont. 7s, $600,000, due $100,000 yearly, terests.—V .68,p. 871,1130. See V. 71, p. J4S- Div.: On pref., O ct.,’99.to
fc
beginning 1902, and Butte & Bos. 6s, $1,500,000, due Apr. 1, 1917.— July, 1902, l 1 p. c. qu. (6 p. c. per an.). Common l ^ p . c. Oct., 1899;
*
V. 72. p. 1281. See V. 71, p. J 4S- See V. 72, p. 777.
Deo., 4 p. c.; 1900, 6 ^ p. c.; 1901, Jan., 8 p c.; 1902, Jan., 2p. c.; Apr.
Dividends, 2 p. c. quarterly (Q.-J.), Oct., 1899, to July, 1901, both to July, both inch, 1 p. c. monthly Pres., W. J. White, Cleveland; Seo.
inclu. In Oct., 1901, l 4 p. c.; in 1902, Jan., 1 p. c.; May.
*
p. c.; Aug., and Treas., H. Rowley. Office, Park R ow Bldg., N. Y .—(V. 74, p. 1141.)
i* p. c See official explanation, V. 73, p 1314. |See V. 73, p. 664,773.
A m e r i c a n C o a l—See p. 170.
Earnings of constituent companies lor year ending June 6 ,1 9 0 1, see
A m e r i c a n C ig a r C o .—See American Tobacco Co.
V . 75, p. 133.
A m e r i c a n C o t t o n C o .—O r g a n iz a t io n .—Makes and leases a pat
O f f ic e r s .—President, H enry H. Rogers; Sec. and Treas , William G.
Rockefeller. Directors, H. H. Rogers, Wm. R ockefeller, Wm. G. R ocke ented machine for producing cylindrical bales of cotton. See V. 68, p.
feller, A. R. Flower, F. P. Olcott, Robert Bacon, Jas. Stillman and A. 821. In 1900 handled over 500,000 cylindrical bales. In season of
1902-1903 expected to handle about 800,000 bales. In Jan., 1902,
C. Burrage. Office, 52 Broadway, New Y ork.—(V. 75, p. 1 3 3 ,1 3 6 .)
over a m ajority of each class o f stock had been deposited with a pro
A m e r ic a n A g r ic u ltu r a l C h e m ic a l C o .—O r g a n iz a t io n .—In tective com mittee (Cornelius N. Bliss, Chairman, and Thos. E. Wing,
corporated in May, 1899, in Connecticut, under special charter, and 20 Nassau S t , Sec.), under an agreement continuing for three years.
acquired control of fertilizer com panies (including Listers’ of New
See V. 73, p. 1266. A ll accum. divs. on pref. stock paid May, 1899;
ark) named in prospectus in V. 68, p. 974, and application to list, V. Nov., 4 p. c ; 1900, 8 p. c. A ction on dividends was deferred in 1901.
72, p 672; V. 73, p. 664. See V. 71, p. 5 4 5 . Dividends on preferred V. 72, p. 1240. The $2,0 ;0,000 debentures of 1902 were used to re
Oct., 1899, to A pr , 1902, 6 p. o. yearly (A.& O.) Bonds, $25,000.
tire about $1,000,000 existing indebtedness and provide additional
R e p o r t .—Report for year ending June 30,1901, in V. 73, p. 614, working capital. They are secured by the stocks of all the subsidiary
show ed: Total net income, $1,603,746; improvements, betterments, companies, aggregating $2,383,750. See V. 75, p. 31. Year 1899-00,
etc., $543,954; div. on pref. 6 per cent, $1,024,740; balance, $35,051. gross, $522,142; net, $259,294. Pres., Albert C. Case; Treas., H. E.
Pres., John F. Gibbons, New York; Sec., A lbert French; Treas., Wm. TenerJr. Directors, V. 72, p. 1240.—(V. 74, p.885; V. 75, p. 31.)
H. Grafflin. N. Y. office, 26 Broadway.—(V. 73, p. 614, e64.)
A m e r i c a n C o t t o n O i l.—Incorp. Oct. 14,1889, inN . J , to succeed
A m e r ic a n A lk a li C o .—See page 170.
Amer. Cotton Oil Trust. Has works In various southern cities, etc.,for
manufacture o f crude and refined cotton oil, lard, soap, fertilizers, etc.
A m e r ic a n B an k. N o te C o .—Incorporated in N. Y . in 1858.
S t o c k , E t c .—In Nov., 1901, over a m ajority of the stocks had been
D i v id e n d s —
> 1 8 9 2 to 1 8 9 4 1 8 9 5 t o 1 8 9 8 . ’ 99. 1 9 0 0 . ’ 0 1 . ’ 02.
Per cent..............5 8 yearly
deposited with a committee (Geo. A. Morrison, Chairman), with a view
6 yearly
7
6
6 Mar.,1
to united protective action, power being given for three years to sell
In 1900,1 p. o. each in M. & S. and 2 p. c. each In J. & D.
O f f ic e r s .—Chairman, James Maodonough; President, Augustus D. the deposited stock at 105 ior the preferred and 60 for the common
Shepard; Vice-Pres. and Treas.. Theo. H. Freeland 2d V. P., Warren V. 73, p. 288, 724, 901; but see Y. 74, p. 938. Dividends on preferred
L. Green; Seo., John E. Currier. Office, 78 to 86 Trinity Place, N. Y. stock June, 1892, to June, 1902,[inclusive, 6 p. o. per annum. On com
mon, 1898, 3 p. c.; 1899, 4 p. c.; 1900, 3 1 p. c.; 1901, 2 p. c.
*
A m e r ic a n B e e t S n g a r C o .—Incorporated on March 24,1899.
R e p o r t .—R e p o r t f o r 1900-01 a t le n g th in Y.73, p. 1059,;1 0 6 5 , showed
Dividends paid from Oct., 1899, to July, 1902, both inclusive,
6 p. c. yearly (1
Q -J.) See prospectus in V. 68, p. 280, 616; “ Beet p r o fits $1,244,357, a ft e r m e e tin g e x p e n s e s o f a d m in ist., interest, Ac.;
Sugar” item, V. 69, p. 1249. In 1902 owed $1,000,000 or more to in m t. o n d eb . b o n d s , $152,500; b a la n c e , n e t in c o m e , $1,091,857; divi
siders.—V. 74, p. 632. Report for year ending Dec. 31, 1901, in V. 74, d en d s on p r e f. (6 p .o .), $611,916; d iv . o n c o m m o n (2 p. o .), $404,742;
. 723, showed: Total income, $3,521,048; profit from operation, $854,- b a l., su rp lu s f o r y e a r , $75,199, a g a in s t $176,968 in 1899-0. Profits:
19, oost of maintenance, $362,711; profit of campaign, $491,307. Es y e a r 1898-99, $1,883,255; 1899-00, $1,739,449; ’0 0 -’ 01, $1 ,244 ,3 57 .
O f f ic e r s —President, George A. Morrison; Vice-President, Robert
timated charges for year ending June 30. i90 2; Expenses and interest,
$225,000; div. on pref. (6 p. c.), $240,000. Pres., Henry T. Oxnard; F. Munro; Sec. and Treas., Justus E. Ralph. 27-29 B eaver St., N. Y.
Tranfer agents, Winslow, Lanier & Co. - (V. 74, p. 832, 938.)
Treas., John E. Tucker, 32 Nassau St.,N. Y .—(V. 74, p. 7 2 3 , 885.)
JCLT, ’ 902 I
MISCELLANEOUS STOCKS AND
BONDS.
193
Bonds—P r in c i
INTEREST OR D IV ID EN D S.
pal,W hen Due.
Date Size, or
A m ount
When Where Payable, and by Stocks— Last
of
Par
For explanation o f colum n headings, <fec., see notes on
Outstanding R ate Per Payable
Whom.
Cent.
Dividend.
Bonds Value.
first page o f tables.
_________________MISCELLANEOUS.__________________
1899
1902
....
1899
1900
....
....
—
1897
—
$100 $18,000,000 8 in 1902
100 11,500,000
100 13,000,000
1,000
8,216,000
6 g.
100 25,000,000 See text.
100
15,000,000 See te x t
1,000
2,740,000
5 g.
A bou t
2,200,0; 0
100 16,750,000 7 in 1900
100 25,000,000
100 - 24,100,000 See text.
100 14,440,000
1,C00
3,893,000
6 g.
50
4,727,650
50
4,083,300 See text.
100
3,000,000 7 in 1901
6 g.
500 &c.
1 /9 6 ,5 0 0
100
7.600.000
100
7.900.000 7 in 1901
100 50.000. 000
100 50.000. 000 7 in 1901
100 11,001,700
100 12,000,000 6 in 1901
T o be 15 000,000
To be 15,500,000
490,000
5 g.
6,000,000 See text.
ioo
J. & J. N .Y .,C o/s Of., 65 B ’w ay July 1 /0 2 , 4%
M. &
Q.-F.
Q.-J.
A. &
S.
N. Y ., C olonial Tr.
Sept. 1, 1919
15 133 E 23d St., b y check Feb. 15, ’02, 1
15
do
do
A p r .1 5 /0 2 ,1 ^
New Y ork,
O.
A pril 1, 1 92 0
Q .-M .
Sept. 15’00,1%
Checks m ailed.
July 2 1 /0 2 ,1 %
Check from C o /s office. O ct.15,’99, 134
J. & D. N. Y .; G uaranty Tr. Co. D ec. 1. 1914
Q .- J .
Jan.’ 20,’02, l i *
By check.
J. & J.
Q.-F. 15 Off.,Lake&Dearb.St.Ch. May 1 5 /0 2 ,1 %
M. & N. N. Y . KiiicK. Tr. Co.
Mch. 1, 1 92 0
Q.-J.
c-i
....
*
1
American Express—Stock .........................................................
Am er H ide & Leather—Common stock, $ 17 ,50 0 ,00 0 .........
Pref. stock, 7 per cent cum ., $ 17 ,50 0 ,00 0......................
1st M.. $10,000,000, g., s. f., subj. to call at 1 1 5 .C ol.c*
Amer. Ice—Com. stock, $25 000.000 (V. 72, p. 392, 534)..
Pref. stock, 6%, cum ., $15,000,000 (V. 72, p. 392, 534).
Collateral trust bonds, $5,000,000, gold, C**...............
Underlying bonds, Incl. Knickb. 5s due Feb. 1, 1905.Amer. Linseed—PL stock, 7 p. c., non-cum ., $16,750,000.
Am erican Locom otive—Common stock, $25,000,000.......
Pref. stock, 7%, cum., $25,000,000. (Bonds, see te x t).
Am erican Malting —Preferred stock (7 p. o. p ref., cum.)
1st M., $5,000,000, g., sink, fund, subj. to call at 1 05.c*
Am erican Pneum atic Service—Stock, com ., $10,000,000..
Preferred, 6 per cent, non-cum ., $5,000,000........ ...........
A m erican Radiator—Pref. stock, 7 p. o., cum ., $5,000,000
Am erican Sewer Pipe—1st M., $ 2,5C0,000, 8. f., call 105.K.
A m erican Shipbuilding—Stock, com m on, $15,000,000...
Preferred, 7 per cent, Don-cum , $ 15 ,00 0 ,00 0..................
Amer. S'nell. & R elin in g—Common stock, $ 5 0 ,0 0 0 ,0 0 0 ...
Pref. stock, 7 p er cent, cum ., $50,000,000......................
Am erican Snuff—Stock, com m on, $ 12 ,50 0 ,00 0 ...................
Preferred, 6 per cent, n on cum ., $ 1 2 ,5 0 0 .0 0 0 ..........
A m erican Steel Foundries—Stuck, com m on, $20,000,000.
P referred stock, 6 per cent, cum ulative $20,000,000....
A m erican Steel Casting 1st m ortgage, g o ld .G -............
A m erican Straw Board—Stock, com m on ..........................
Q .- J.
M. & N.
Q .-M .
Cleveland, Ohio.
July 1 5 /0 2 ,1 %
N. Y ., 71 B roadw ay.
J u ly 8 /0 2 ,1 %
N. Y ., M orton Trust Co. Ju ly 1 /0 2 , l i *
Nov. 1, 1912
D e c .2 7 /0 0 ,1%
A m e r ic a n D is tr ic t T e l e g r a p h . —See Su p p l e m e n t o f Jan., 1893. i E. Patterson. Office, 25 B road St., N. Y . D irectors, June, 1901. Y.72^
A nnual report fo r year ending D ec. 31, 1901, was in Y . 74, p. 203, p. 1240.—(V. 73, p. 34, 8 0 , 186, 664, 724; Y. 74, p. 9 6 ,2 0 7 ,2 :0 .)
show ing gross, $630,706; net, $103,419; dividends (21 p. c.), $ 96 ,1 0 7 i A m e r i c a n M a l t i n g C o , - A con solid ation in corp ora ted Sept. 27
*
1 8 9 7 ,in N . J.—V. 65, p. 619; V. 70, d . 478. The investigating com m it
D i v i d e n d s .— >’9 1 /9 2 . ’ 93. ’94. ’95. ’ 96 ’97. ’98. ’ 99. 1900. ’ 01. 1902.
P er cent.
j 1 2^ 3^
1
3
1 “ 2 2 2% 2% 2 ^ M ay, 1 tee in Oct., 1900, recom m ended a reduction o f the stock, b u t n o d#
cision to Jan., 1902.—<V. 71, p. 1 0 1 4 ,1 0 6 8 ,1 2 2 1 ; V. 73, p. 1060.)
Office, 6 Dev St., N. Y. Citv. D irectors and officers, A pr., 1902. V
74, p. 207, 8 8 5 .- (Y. 73, p. 901; Y. 74, p. 42, 153, 2 0 3 , 207, 885.)
St o c k s .—Authorized, $15,000,000 each com m on and preferred;
A m e r ic a n E x p r e s s ,—A n “ A ss o cia tio n ” form ed under the law s sued, com m on, $14,500,000, p ref., as in table. D ividends—On pre
o f New Y ork State in 1859 and 1868. Not an in corp orated com pany. Jan., 1898, to Oct., 1899, incl., 7 p. c. p er an. (1% Q.-J.); none sine*
B o n d s . - O f the b onds (W alter G. Oakman and Geo. R . Turnbull, tri (
Operated in D ec., 1900, on about 45,000 m iles o f railroad in the
United States .in clu d in g B oston & M aine, nearly all the Vanderbilt tees), $4,000,000 w ere issued in D ec., 1899, to retire the floating deYf
lines, Illinois Central, etc. In A p r., 1901, President J. C. Fargo was and fo r w orking capital. A sinking fund equal to one-half o f the diV
dends on the p referred stock w ill retire bonds at or b elow 105. See ?
elected a d irector o f the U nited States E xpress Co.—Y. 72, p 777
Dividends, 6% per annum since 1882; in July, 1901, and Jan and 69, p. 9 5 6 ,1 0 1 3 ,1 1 9 5 . On A ug. 3 1 /0 1 , u n derlying m ortgages, $256,00*
July, 1902, 1 p. c. extra w as paid from investm ents. Y. r
<3. p. 1063
E a r n in g s .—R eport o f in vestiga tin g com m ittee fo r year as change*
Pres., J. C. Fargo; Treas., James F. Fargo. 65 B ’w ay.— (V. 73 p. 1063 ) to end Aug. 31, 1901, was in Y. 73, p. 1060, show ing: Profits aboy(
A m e r ic a n H i d e 6c L e a t h e r C o . — O r g a n iz a t io n .— Organized interest on bonds, $383,261 See aleo com m ittee’s report fo r 18994
In New Jersey in 1899. Y 69, p. 493. In Jan., 1901, said to con trol and that fo r Oct. 11, 1897. to D ec. 31, 1899,in Y. 70, p. 478.
about 75 per cen t o f the upper leather ou tput o f the cou n try, including
O f f i c e r s .—P res’t, Chas. A . Stadler; Sec’ y, Geo. F. Neidlinge&
com panies m entioned in V. 68, p. 925 e x cep t W ebster & Co. and R. Treas., Louis L ee Stanton; D irectors, N ov., 1 9 0 !, V. 71. p. 1068; V. 73*
8uhm L. Co. See Y. 70, p. 77, and adv. in c h r o n i c l e o f Jan. 1 3 ,1 9 0 0 , p. 1063. New Y ork office, 63d St. & E. R .—(Y. 74, p. 938.)
and application to litt Y. 72, p. 673.
A m e r ic a n P n e u m a t i c S erv ice C o . - O r g a n iz a t io n .—In c o rp o r
B o n d s , E t c .— Sinking fund o f $172,500 retires bonds Sept. 1 yearly,
ated in June, 1899, under law s o f D elaw are.—(V. 68, p. 1130, 1179.)
If purchasable at 115 or less, or i f n ot will be invested in other secu ri Is the ow ner o f the w hole, or nearly all, stock o f the Lam son Consol.
ties. J. & W . Seligm an & Co. financed the consolidation. Statement Store-Service Co. (Y. 68, p. 1073). the Intern. Pneum . Service Co., etc.
fo r 6 mos. end. Dec. 31, 1901, w ith balance *heet, was in V. 74, p. 265,
S t o c k .—D ividends on p ref. stock to Jan 2 0 ,1 9 0 2 , inclusive, 6 p. c.
show ing sur. over in t.charges, etc., o f $579,166. Pres’t, Thom as W. per a n / l 1 Q-J); dividend period n ow semi an., th e J uly. 1902, dividei d
^
H all; Sec. and Treas., (J. A. H ill. D irectors, S e p t , 1901, Y. 71, p. 493; bein g passed to increase the w ork in g capital. See V. 74. p. 1309,
V. 73, p. 495. Office, 96 Cliff St., N. Y .—(V. 74, p. 2 6 5 , 729.)
1357 U nderlying bonds M arch 31, 1901, $516,000 Lam son sinking
A m e r ic a n Ice C o , —O r g a n iz a t io n .— In corp ora ted in New Jersey
fund go d 6s, less a sinking fund o f $164,577. R eport fo r ye$r
on M arch 11, 1899. and in O ctober, 1899, had acquired m ost o f the ending D ec. 31, 1900 (V. 71, p. 1166), showed net, $288,616; div. on
$10,000,000 stock of the C onsolidated Ice Co. o f New Y ork (see V. 65, pref., $223,551; bal., sur., $65,065. Office, 115 Cbaunoy St.. Boston,.
p. 461) and the $10,000,000 stock o f the K n ick erb ock er Ice Co. of Mass. Arthur 8. Tem ple, T r e a s .- (Y. 74, p. 1309, 1357; V. 75, p, 79.)
Maine. F or list of plants in 1899, etc., see official statement, V. 69,
A m e r ic a n R a d i a t o r .—In corp . in N. J. on Feb. 14, 1899. See V .
p. 793; V. 70, p. 585; V. 71. p. 1014, 1121, 1168, 1 2 '1 ; V. 72, p. 1036.
Transacts a wholesale and retail business in New Y ork, N. Y .; Phila 68, p. 329. Com m on stock, $5,000,000; outstanding, $4,893,000; par,
delphia, Pa ; B oston, Mass.; B altim ore, Md ; W ashington, D. C.; Cam $100. D ividends on pref., May, 1899, to M ay, 1902, inclusive, 1% p. c.
den. N. J.; Lakew ood, N. J., and A tlantic City, N. J. A ction to annul quarterly (Q-F 15). R eport fo r year ending Jan. 31, 1902, with bal.
right to do business in New Y ork State, Y. 73, p 724; V. 71, p. 1068; t*heet, V. 74, p. 677, showed: Net profits, $627,614; 7 p. c. on preferred,
V. 73, p 958. On Deo. 24, 1901, the A m erican Coal Co was organized $210,000; balance, $417,614. Sec., C. M. W o o lle y .—(V. 74, p. 0 7 7 .)
in New Y ork to ca rry on sale uf coa l —iV. 73, p 1358; Y . 74, p. 575.)
A m e r ic a n S e w e r P i p e C o .—See page 168.
D i v i d e n d s .— On prePd Oct. J
99, to A p r , 1902, 6 p. c. yearly (Q.-J);
A m e r i c a n S tr ip ttm ild i e g C o ,1 O r g a n i z a t i o n . — In corp ora l ed
—
In July, 1902, divi.ienda on p ref. w ere deferred to accum ulate w ork in N ew Jersey on M arch 1 6 ,1 8 9 9 , to unite the shipbuilding and k in
ing capital V. 74. p. 3 357. On com ., N ov., ’ 99, to Feb., 1902, inclu dred interests o f the Great Lakes.—V. 68, p. 770; Y, 70, p. 896;;
sive, 4 p. e. yearly (Q.-F;; in M ay, 1902. the dividend was deferred. Y. 71, p. 3 44 ,10 1 4; V. 73, p. 390. Div. on pref., July, 1899, to J u ly 15,
1902, inclu., 7 p. c. per an. (1% Q-J.) Purchase m on ey m oitga ge on
V. 74, p. 385.
B onds . In April. 1902, $5,000 000 5 p e rc e n t collateral tr m t bonds Buffalo plant, $150,000. R eport fo r year ending June 30, 1901, in V.
were author zea, o f w hich $2,740,000 w ere used to redu ce the floating 73, p. 390, showed: Net earnings, $1,998,542; div. on pref., $553,000;
debt; $2 220,000 ::re reserved to retire bonds o f the com panies ab depreciation and m aintenance, $271,905; baL, sur., $1,173,638 Pres.,
sorbed and $40,000 have been liquidated by sale of the collaterals W. L. B row n, Chicago; Sec. and Treas., R. C. W etm ore. D irectors,
Y. 73, p. 390. Offices, C leveland, O.— (Y. 72, p. 243; V. ^3, p, 3 9 0 .)
deposited a gain st them. Y. 74. p. 885, 1253, 1309, 1357.
A m e r i c a n S m e l t i n g 6c R e f i n i n g € o —O r g a n i z a t i o n , E t c .—
R e p o r t .— R eport fur 1901, was in Y. 74, p. 575,
D ir e c t o r s , e t c .—J. D. Schoonm aker (Pres’t and Gffiairman), H. H. In corp ora ted A pril 4, 1899, under law s o f New J ersey, Y. 68, p.
M orse,of New Y ork ; J. M anchester H aynes, o f A ugusta, Me.; D. W, 668. Owns and operates plants fo r the sm elting o f ores and the
Hunt (Vice-Pres’t), o f Philadelphia; W esley M. O h r (Vice-Pres’t). of treatm ent o f lead bullion, cop p er bullion and cop p er m atte in Utah.
Baltimore; Thom as Sturgis,O rin D en n eit, John R. B enneit, R. w. H op Montana, C olorado. Kansas, Nebraska, Illinois, N ew Jer ey, M exico
kins (Yice-Pres’ t*, James McCutchen. R. W. Poor, I. O. Blake, Win. N. and elsewhere. The princip al m erchantable products are bar gold and
Bavier, E, D. Haley, John H ancock, He* ry H. H ead, W alter Lee and H. silver, pig lead, ele ctro ly tic oopper and blu e vitriol. C ontrols the
U Parnell. Treasurer, E IX H aley; Secretary, R obert A . Scott. Office, Kansas City Sm elting & R efining Co., the Omaha A G rant Sm elting
133 East 23d St., New Y ork .—iV. 74, p. 885, 1253,1309, i3o7 .)
Co etc. F or list o f plants, rights o f stock, etc., see V 68, p. 975; V.
68, p. 471, 523; V. 70, p. 232, 281. See V. 71, p. 545.
A m e r ic a n »ro n Sc S te e l T l f g .—See p. 170.
In A pr , 1901, the p ro p e rty o f M. Guggenheim ’ s Sons w as acquired,
A m e r ic a n L ig h t 6c T r a c t i o n .—See page 170.
the stock bmng increased from $27,400,000 each o f com m on and pre
A m e r i c a n 1,1 n e e d ,—O r g a n i z a t i o n , E t c .— in corp o ra te d on D ec
ferred to $50,000,000 each. The output o f lead and silver, it is stated,
5,1898, under the lawn of New Jersey, as a consolidation o f the is now about 85 per cen t o f the p rodu ction in the IT. S. V. 7 1 , p. 1271;
National Linseed Oil Co. with the ten leading outside linseed oil com pa V. 72, p. 1 38 ,72 4 ; see circular in V. 72, p. 185. V .7 1 ,p . 1271.
nies in the (J. S., per plan in V. 67, p. J162; V. 09, p. 097. See V. 71,
Omaha & G rant Smelt. 1st 6s, due M arch 1, 1911, $1,053,000. retirp. ;./j. For list of plants, etc,, see V. 70, p, 631. Corn, stock author ablo about $70,000 annually by sinking fund, are the only bonds.
ized, $16,750,000, all outstanding; pref. stock as in table. In June,
D iv id en d s on pref. to July, 1902, inclusive, 7 p. 0. per an. (1% Q-J).
1901, Standard Oil interests acquired a m a jor)!y o f the stock
R e p o r t . - R eport for year ending A pril 30. 1901, including earnings
D ividends .—On pref., June 15. ’ 9 9 ,to Sept., 1900, 1% p, c. quarterly. of Guggenheim plants fo r 4 m onths, w as in V. 73, p. 552, show ing;
The Dec., 1900, d ividend was passed. V. 71,
1014.
Gross, $5,988,049; net a bove repairs, etc.. $ 3 ,8 2 8 ,4 /1 ; net earnings
R eport .—R eport for year end Ifig July 31,1 9 0 ), was in V. 73, p. 662, o f Guggenheim plants for the 8 m os , not included, w ere $2,750,66 ;;
, showing 3o s from operation ■ of $1,402,491. Pres., Fredci irk T. dividend on pref. (7 p. 0.), $1,918,000; bal., sur., $1,910,441.
Oates; Sec,, W. A, Jones' Direc tors Sept , 1901, V. 73, p. 555. Main
D ir ecto rs .— e , W. Nash (Pros, and < li’imtu < r Board), Daniel G ug
>
office, 100 William Ht, X. Y
(V. 7 j , p. 6 6 2 , 0 5 5 .9 5 9 , V. 74 p. 96 )
genheim (Cl/m an Ex, Com .). Isaac Guggenheim (Treas.), Solom on G ug
A m e r i c a n L o c o m o t i v e <;<>.—O r g a n iz a tio n . Incorporated In genheim, M orris Guggenheim , Himon Guggenheim , W alter 8. Gurnee,
N. Y. on .June 10, 1901, as a consolidation of the Pittsburg (Pa.) Loco
Grant B.Schley, A. R. Meyer, D, II, Moffat, M. D. Thatcher, J. B. G rant,
motive Works; Brooks Locom otive Works, Dunkirk* N .Y ; Cooke Loco
Guy O Barton, Dennis Bhcedy, N. W ltherell, R. H Tow no, A. Ellers,
.
motive M Machine W orks, Paterson, N .J.; Schenectady (N Y.) Loco
H. L Terrell and Barton Howell, Vice Pros. 71 B’ wn.v. (V .75, i>. 130.v
motive Works; Richm ond lo co m o tiv e < Mach. Works; R hode Island
fe
A m e r i c a n S n u B C o .—ORGANIZATION. Incorporated in New J e r
lo r
Mach. Wks.; m anufacturing 1,700 engines d o be increased to
sey on M ir. 12 . 1900 , The A m erican T ob a cco and Continental T o b a cco
3,000) yearly, or abou t t wo-thirds of the out put of the country (see
com panies, whose snuff properties it acquired, own $7,500,000
lint. V, 73, p. 80).—V. 72, p. 1 189; V. 73, p. 84, 186, 724.
com mon and ,$2,500,000 o f the preferred stock and have 8 of the 17
Divfi ENm Dividend on pref., 1% p. o., quarterly, Oot , 1901, to directors. For list of properties m erged, claim ed to have an ou tp u t
j July, 1902, both Inclusl e.
in 1899 of about I 5,000,000 pounds o f snuff yearly, see V. 70, p. 5;<3,
Bonded debt as follow s : Dickson M fg. Go. 5s, $562,500, maturing 6 3 4 ; Matemont to N. Y. 8 took Exchange, V. 17, p. 025, 072; V. 74, p.
Nov. 1, 1927, and R 'chm 'd Locom otive 6s, $750,000. due Apr. 1, 19V9. 428. First div. on pref., 3 p. 0 , paid Jan. 2, 1901; July, 1 p. o.; Oct.
F akmtwos. From June 15 to Dee. 31, 1901, partly estimated, gross,
1% p. o ; 1902. Jan., 1 h p. o ; Apr., I G p. 04 July, 1 ‘n p. o.
*
2.51 .5 041; expense#, w ithout allow ance for depreciation, $10,830,Ri rotrr. Report for year ending Dee. 31. 1901 (in V. 74, p. 520),
cr>?.; hai. for pref stock, $1,675,388; tw o quarte rly diva, on pref. of I h with balance sheet sh ow ed : Net earnings, $ 1 ,006 , 6 0 6 } div. on pref.
i P o, each paid O c t, J9 0 i, and J an., ’ (>2, call for $843,500. V. 74, p, 270.
*
(4*2 p. 0 ). $540,000; bab, sur., $520,005
Pres., Goo. A. Holme; Hoc.,
Officers .—President, 8. R. < allaw ay; 1st V. P., A. J. Piikln; 2d V. Otis Smith; Treas., E. D. Christian, 1)1 Fifth A v o t, N Y. (V. 74, p.
P., R. J. Grose; See., Leigh Best; Treas., O. B. Denny; C o m p tro lle r /!.
428, 5 2 0 , 1 UP.)
INVESTORS’
154
SUPPLEMENT
(V ol . L X X V .
Bonds—P rinoi
INTEREST OR DIVIDEN DS.
Date Size, or
pal, When Due.
A m ount
Par
of
F or explan ation o f colum n headings, <fcc., see notes on
Rate per When Wliere payable, and by Stocks—Last
Bonds Value. Outstanding
first page o f tables.
Whom.
Cent.
Payable
Dividend.
MISCELLANEOUS.
A m . Straiv B oard—(C on.)—1st M., g., s.f., sub to c a l l.I B
Am erican Sugar R efining—Common stock, $45,000,000.
P ref. stock, 7 p.c. cum. (not pf. as to ass't), $45,000,000
A m erican Telegraph < Cable—Stock, 5 per cen t rental . . .
£
A m erican Ttleghone & Telegraph—Stock, $L50,000,000 ..
Collateral trust m ortgage, c u r .O B (V. 70, p. 40) — c*
Am. B ell d e b e n .O B . V. 67, p. 72, 1355; V. 70, p. 4 0 .c‘
A m er. Thread,—Pref. stock, $6,000,000 5 p.c., cum .,g.or £
1st coll, trust M., $6,000,000, g. o r £ ......................... O.C'
A m erican Tin Plate Co.—See U n it e d S t a t e s St e e l C o r p
A m erican Tobacco Co.—Com. stock, $56,000,000 auth---Pref. stock, 8 p.c. non-cum .; pref. as to assets and d iv s ..
Am . Cigar, gold notes, $5,000,000, gu.p.&i., red. 1 0 2 ^ .c
A m erican Type Founders—S tock ..................... ...................
Pref. stock, 7 per cent, cum ulative, $2,000,000
—
Deb., k ., $1,000,000, s. f., $20,000 yrl.v., beg. Sep., ’OOMe
A m er. Waltham Watch Co.—Stock, $ 4 .0 0 0 ,o0 0 ..........
..
A m erican Window Class—Stock, com m on, $13,000.000..
P referred stock, 7 per cent, cum ulative, $4,000,000 . ..
A m erican Woolen—Pref. stock, 7 p. c., cum., $25,000,000
Amer. W riting Paper—Pref. stock, 7% cum., $12,500,000
1st M „ s.f.,g.,$17,000,000,call aft. J uly,’ 0 9 .1 0 5 .O B .c *
Associated Merchants—Common stock, $ 5,0 00 ,0 00 ..........
1st pref., 5 p. c. cum., $10,0e0,000. con vert, at par. .tex t
2d pref., 6 p. c. cum ., $5,000,000. ............
B ay Slate Gas—B oston Un. Gas 1st M .,s.f.,call 105,gM ec*
do
do
2d M., gold ($4 ,00 0 ,00 0)...................
1891
....
....
—
1899
1898
....
1899
ORATI
....
__
1901
....
....
....
....
....
....
...
1899
....
—
1889
—
$1,000
$516,000
. <*g.
100 45,000,000 7 in 1901
100 45,000,000 7 in 1901
100 14,000,000
5
100
See t*-xt.
7%
1,000 28,000,000
4
1,000 10,000,000
4
5
4.890, *75 5 in 1902
500 &c.
6,000,000 4 g. or £
ON.
50 54,500,000 See text
100 14,000,000 8 in 1901
1,000
5.000. 000
t g.
100
4
4.000. 000 in 1901
See text. See text.
.....
950,000
6 g.
100
4,000,000 10 in ’01
100 13,000,000 See text.
100
4,000,000 7 in 1901
100 20,000,000 7 in 1901
9,500,000
1,000 17,000,000
5 g.
100
5,000,00o
100
5.000. 000
See te x t
100
5.000. 000
See text.
500 Ac.
8,159,500
5 g
1,000
3,000,000
5 g
A m e r ic a n S o d a F o u n t a i n .—See page 170
A m e r ic a n S p ir its f t t f g . — See D is t il l in g . C o .
A m e r ic a n Steel F o u n d r i e s C o .—O r g a n iz a t io n .—In corpo
ra ted in N ew Jersey on June 26. 1902, as a con solidation of
F. & A
Bos., Inter. Trust Co.
Q .- J . N. Y. Office, 117 W all St.
do
do
See text
Q.—M. N. Y ., West. U nion Tel.
Q .-J .
Feb. 1. 1911
July 2, '02, 1 \
July 2, '02, 1%
June, '0 2 ,1 ^ %
July 1 5 /0 2 ,2 4
N.Y., Co.’s ( ff.,& Boston July 1, 1929
Bost., Nat. Bk. of Com. July 1, 1908
Guar Trust Co., N. Y. Ju ly 1 ,'0 2 , 2**
do
do
Jan. 1, 1919
Q .- F .
Q .- F .
M.&S.15
Q -J .
<^uar.
M. & N.
M. & 8.
Text.
M & S.
Q.—J.15
N. Y ., Farm. L. < Tr. Co. Aug. 1, '02. 2*3
fc
do
do
Aug. 1, '02, 2%
N ew Y ork.
Mch. 15, 191L
-1uly 19.’0 2 ,1%
J illy 19,'02,1%
N. Y .f M erc. Trust Co. May 1. 192o
B y com pan y's check
viar I S '02 ,4 %
Checks mailed,
•lu y 15,'02,11a
do
do
Mar. 1, *02, 3*9
N. Y ., Guaranty Tr. Co. July 15,'02,1^
J.
J.
J.
J.
&
&
&
&
J
J.
J.
J.
J. & J. Boston, Old Col. Tr. Co. July 1, 1919
Q .-J .
Q .-J .
Hud. Tr., H oboken,N .J. July i 5 ,’02,1*4
do
do
July 15,'02,119
Q.—J.
J. & J. Jan.,1902, int.last paid, Jan. 1, 1939
do
do
J. & J.
Jan. 1, 1939
B onds .—T he collateral trust m ortgage o f 1899 provides fo r the im
mediate needs o f the com pany and for future extensions as required
and >ecures equally the coll, trust bonds and the $10,000,< 00 Beil de
bentures. V. 70, p. 40; V. 72, p. 874. On deposit of additional collateral
further bonds may be issued, but to an am ount not exceedin g 75 per
American Steel Casting Co. (See Su p p l e m e n t o f April, U02), Reliance cent o f the estim ated value o f the collateral; and the Issue at any tim e
Steel Castings Co. o f Pittsburg, Pa.. Leighton & Howard Steel Co. o f St. Louis, outstanding m ust n ot exceed the am ount o f the com pa n y’s capital
Mo., Franklin St^el Casting Co. o f Franklin, Pa., Sa gent Co. o f Chicago, 111., stock then paid up. V. 69, p. 1195, 1249; V. 70, p. 40. In Jan.,
Am erican Steel Foundry Co. or St. uouis, Mo.
1902, sold $13,000,000 o f the bonds fo r control and developm ent of
The p roperties w ere taken over about July 15, 1902 Of the $40,- W estern Tel. & Tel properties. V. 74, p. 271; V, 70, p. 741; V 71, p.
r.
0 00,000 stock (half preferred) $3,000,000 com m on and $4 50<>.000 86 , 344, 874; V 74, p, 579, 682.
p referred are to rem ain in the treasury and be issued only fo r cash or
R e p o r t . - R eport for 1901 in V. 74, p. 628, showed:
p ro p erty o f the actual cash va lu e at par. V. 74, p. 1 1 4 1 ,1 3 5 7 . Chas.
Year ending Dec. SI.
1901.
1900.
1899.
M Schw ab, E. H. Gary and M ax Pam, o f the U. S. Steel C orporation,
Total gross earnings ..................... $ 1 1 .6 0 6 ,8 i7 $9,534,499 $7,687,381
w ere interested. (V. 74, p. 1141, 1 1 9 8 ,1 3 5 7 ).
Surplus over interest ch arges___
7,398,286
5,486,058 4,270,509
A m e r ic a n Steel H o o p C o .— > See United States Steel Cor- Paid dividends..... .......................
5,050,024
4,078.601 3,882,945
A m e r ic a n Steel & W i r e C o .— 5 poration .
P res.,F rederick P. Fish. D irectors (Mar., 1902).—(V. 75, p. 31.)
A m e r ic a n S t r a w B o a r d .—In corporated under the law s o f Illi
A m e r ic a n T h r e a d C o .—See page 170.
nois. D ividends in 1893, 4 per cent; Deo. 23, 1898, 1 p. c.; June 25,
A m e r ic a n T i n P la t e .—8 ee U n it e d St a t e s St e e l C o r p o r a t i o n .
1900, 1 p. c.; Se t. 29, 1 p. c.; D ec. 27, 1 p. c. The Mar., 1 90 1,dividend
w as passed. V. 72, p. 582. See V. 62, p .5 8 7 . In Julv, 1902, co n
A m e r ic a n T o b a c c o C o m p a n y .—Organized in 1890 under laws
solidation was pending w ith the U nited States B o x B oard
Paper o f New Jersey to m anufacture and sell to b a cco .—See V. 64, p. 515. In
Co. on the basis o f $57 50 new p ref. and $55 4 0 r e w com . stock for Dec., 1898, sold its plu g tob acco interests to the new Continental T o
$100 A m erican S:raw board stock. V. 74, p. 9 89 ,11 4 1; V, 75, p. 31.
bacco Co., receivin g therefor $ 3 0 ,2 74 ,200 pref. and com . stock o f the
latter. V. 68 , p. 820. See below. (V. 6 8 , p. 128, 1138.) In F e b .,1899,
A n n u a l R eport.—Report for 1901 in V. 74 p. 375:
acquired U nion T obacco ('o .—V. 69, p. 128; V .70, p .53 3, 8 9«. In Jan.,
1901.
19^0.
1899.
1902, the com m on stock had been m ostly exchanged for 200 per cent
$481,026
$414,255
G ross p ro fits ......................................... $300,325
63,446
154,311
124,955 in collateral trust 4 per cents o f the Consolidated T obacco Co., which
Profits ov er exp ., int., e t c ................
see V . 72, p. 1137. In N ov., 1901, the D. H. M cA lpin & Co. properties
B ills payable Jan. 1, 1902, $415,000. President, R. F. N ew com b, w ere purchased. V. 73, p. 1113.
Old Colony B uilding, C hicago.—(V. 74, p. 1141; V. 75, p. 3 1 )
Together w ith the Continental T ob acco Co. controls the Am erican,
A m e r ic a n S u g a r R e fin in g .—A N. J. corporation , successor in Snuff Co.—s^e statem ent b elow —of w hose capital stock, th ey own
Jan., 1891, o f the Sugar Refineries Co.organized in 1887; plan, V. $ 10 ,000 ,0 i 0 . together with $ *, 000,000 o f the $ 1 0 ,000,000 stock o f the
51, p. 609. Capital stock, originally $50,000,000, was increased
A m erican Cigar Co.—V. 72, p. 531. The Am erican Cigar Co. 4 p. o.
in Jan., 1892, to $75,000,000 (half pref.) to acquire the capnaJ, gold notes are guaranteed jo in tly and severally bv the Am erican and
stock o f the four Philadelphia refineries and a con trolling interest in
Continental T obacco com panies.—See V. 73, p. 1113; V. 72, p. 1037.
the Baltim ore refinery. Spreckels’ s refinery in C alifornia has been held
St o c k .—See pref. certificate in editorial o f May, 1893, Bttp. In 1899
under Lease to the “ Western Sugar Refining Co.,’ ’ o f which the “ trust” authorized $35,0o0,000 new com m on s t o c k t a k i n g total $56,000,000,
ow n s one-half the stock. Beet-sugar interest acquired In A pril, 1897, o f w hich $21,000,000 wa-s paid M ay 11, 1899, as a 100-per-cent stock
V. 64, p. 841; coffee plants. V. 63, p. 1157; V. 64 p. 40; V. 70, p. dividend, $12,500,000 was issued to acauire Union T obacco Co. and
688, 1051; V. 71, p. 914; V 72, p. 1137.)
B eet sugar refineries $1,500,000 balance is issuable for other purposes. Y 6 8 . p. 426, 471,
r.
in U. 8., V. 66, p. 132; V. 68, p. 280; V. 69, p. 1249. In June, 1900, three 617, 6 6 9 ,9 2 5 ; V. 69. p. 25. Preferred authorized, $14,000,000.
o f the independent refinery concerns were consolidated as the National
The $3,014,490 dividend scrip issued in 1896 was called for paym ent
Sugar Refining Co. (see V. 70, p. 1096; V. 71, p. 3 1 ). See V. 70, p. on May 1, 1 9 0 2 .- Y. 74, p. 682.
482, 634, 998, 1051; V. 71, p. 136, 237, 699. Independent plants, A u g.,
D iv id ’S.— '93 to '95.
1896.
'97. '98. *99. '00. '01. 1902.
1901, V. 73, p. 238.
12% yrly. 6 & 20% scrip. 9
8
*7
6
6 Below.
In 1902 estim ated to have supplied about 65 p er cen t o f the output Com m on—
o f refined sugar in the U. 8., as against 90 p. o. form erly.—V. 64, p. 328; P re fe rre d .. 8 % yearly (2% quar.) to A u g., '02, inclusive. (V. 69, p. 25 )
V. 71, p. 31; V. 67, p. 632; V. 69, p. 1104; V. 74, p 96.
*A lso 100 p. c. in com m on stock paid on com m on M ay 1 1,1 89 9 . In
1902. on com m on, Feb., l 1 p. c.; May, 2 ^ p. c.; A ug., 2 ^ p. c.
^
S t o c k .—In 1901 each class o f stock was being increased from $37,a n n u a l R e p o r t fo r year ending Dec. 31, 1901, was in V. 74, p. 575:
50 ,000 to $45,000,000 by call at p ar to shareholders o f same class,
Div. on Com. Int.on scrip. Surplus.
subscriptions p ayable Oct 7 and Nov. 7, one-half each —V. 73, p. 617. 12 Mos. Net Earns. Div. on Pref.
1 9 0 1 .. $6,647,114 $1,120,000 (6 %) $ 3 ,2 :0 ,0 0 0 $ 18 0,«90 $2,076,224
D iv .—P. c t .) '9 1 . 1892. 1893. 1894 to 1899. '00. '01
1902.
1 9 0 0 .. 6,3u3,498
1,120,000 (6 %) 3.270,000 180,834
1,732,664
C o m m o n .......V 4
10*2 2 1 ^ 12 y 'ly (3 Q.-J a 7% 7 In c lJ u ly ^ i*
O f f i c e r s .— Pres., James B. D u k e; Sec., C. N. Strotz; Treas.. H. D.
P referred .. . }
7 p. c. y early to date; nearly all Q.-J.—V 71, p. 1168.
Lee. N. Y. office. 111 Fifth A venue.—(V. 74, p. 208, 5 7 5 , 682.)
R e p o r t .— No recent report. Annual m eeting in 1901, see V. 74, p. 96
A m e r ic a n T y p e F o u n d e r s * o .—In cor'd tn l892 under law s of N
B alance Sheet—
Dec. 31,1901.
Dec. 31, '00.
Dec. 31, '99
and
common
$36,412,652 J. V. 55, p. 625 pref. adv. In 1896 decreased the $5,000,000 on stock.
Real estate and m achinery. $34,328,664
$36,891,221
and $4,000,000
stock to $4,000,000 (par $100) com m
Cash and debts receivable. 36,862,702
15,737,388
15,306,5^6 —V. 62, p. 682. On Jan. 10, 1902, authorized $2,000,000 seven per
Investm 'ts in other com p 's. 3 9 ,lll,b 8 3
35,054,171
30,423,680 cent cum. pref. stock, o f which present issue $ 1 ,000,000 offered stock
20,340,609 holders at equivalent o f $76 per share to pay the floating debt, $26
Sugar, raw and refined....... 12,24^,640
22.488.799
Total assets.......................$ 1 2 2 ,5 5 1 ,8 «« $110,171,579 $102,483,537 being p ayable Apr. 10, $25 by July 10 and $25 by Oct. 1 0 ,1 9 0 2 . (See
Capital s to ck ........................ $88,280,370
$73,936,000 $73,936,000 V. 73, p. 955) V. 73, p. 1358. Bills payable Au*. 31. 1901, $871,471.
D ebts......................................... 24,364.027
27,443,372
21,152,323
D ividends on com m on stock: Oct., 1898, 1 p. c., first since read
R eserves.................. .............
9,^07 491
8,792, 207
7,395,214
ju stm ent; Jan., 1899, to July, 1902, incl., 4 p. c. per an. (paid Q-J).
First dividend on pref., 134 p. c., paid J u ly 19, 1902.
Total liabilities..............$122,55 i ,8 8» $110,171,579 $102,483,537
annual
R e p o r t .— R eport fo r year ending Aug. 3 1 ,1 9 0 1 , was In
D ir e c t o r s .— H. O. H avem eyer, Chas. H. Senff, A rthur Donner, L ow
ell M. Palmer, John M ayer, W. B. Thomas, John E. Parsons; Treasurer, V. 73, p. 955, show ing gross profits after deducting expenses, $419,038; interest charges, $95,568; net, $ 32 3,4 7 0; divs. (4 p. o.) $160,000.
A rthur Donuer. N. Y. office, 117 Wall S t .- ( V . 74, p. 6 2 8 682.)
President, R. W. Nelson, 27 William St.—(Y 74, p. 97.)
A m e r ic a n T e le g r a p h A C a b le .—Owns tw o cables between Nova
A m e r i c a u W a l t l i a m W a t c h , - Incorporated in Massachusetts
Scotia and England. Leased uutil 1932 to W estern Union—which see.
in 1854; m anufactures “ W altham ” watches; factory situated at Wal
A m e r ic a n T e le p lio u e A T e le g r a p h C o .—O r g a n iz a t io n .— tham, Mass. D aily output o f w atch m ovem ents, 2,200.
Form erly ow ned the long-distance lines o f the A m erican Bell Tele
D iv id e n d s .— > 1879-95. 1896. 1897. 1898. 1899. '00. '01 1902.
phone com p a n y; in 1900 took over its other assets, including the
P er cent.
\ 8 yearly.
6
6
6
25 -3 10 10 Mar.,4
securities ow ned in local com panies (sue V. 6 ■, p. 826, 907, 1149), also
*
circu lar, V. 70, p. 585. See series o f t lephoue articles, V. 69, p. 674,
In 1899 paid extra cash dividend o f 16 < p. c., the stock being in
*
826. 1034. 1222; V. 70, p. 817. Capitalization of licensee com panies, creased from $3,000,000 to $ 4 ,000,000 by sale to stockholders at par.
see V. 73, p 44 6, 555, 7 ^4. On May 20. 1902. 2,833,940 instruments In 1900 and 1901 Mar , 4 p. e.; Sept., 6 p. c., including 2 extra. Bal
w ere in use, against 2.166,091 on May ‘2 0, 1901. D ecision adverse to ance sheet Jail 3 L, 1902, Y. 74, p. 1 1 93. (Y. 73, p .4 4 6 ; V. 74, p 1 1 9 3 .)
B erliner patent, V. 72. p 439; V 73, p 186. Pupin patents. V. 72. p.
A m e r i c a u W i n d o w O l a « s .—O r g a n iz a t io n .— Incorporated In
677. Controls W estern Telephone & Telegraph Co., the successor to Pennsylvania on Aug. 2, 1899, to consolidate window-glass plants,
the Erie Tel & Telep. Co. V. 73, p. 1267; V 74, p. 42, 271.
exclu din g plate glass Said to have 70 per cent o f the capacity in
In A p r , 1902, President B aker of the First National Bank, N. Y. the U. S. (V. 69. p. 335. 744, 1013.) Dividend on pref. 7 p. o. yearly
C ity, and other New Y ork men becam e directors. V. 74, p 682, 729. Mar.. 1900, to Mar., 1902, inch (3*2 M.-S ) Div. on com mon, 1^2 p 0.,
S t o c k .— On June 3. 1901, the authorized stock was increased from
quarterly, Oct., 1901, to July, 1902, incl. R e p o r t .—R eport fo r the
$100,000,000 to $150,000,000. Of the new stock. $20,709 000 was year ending Sept. 1, 1901, in V. 73, p. 956, showed: Net, $1 412,160;
subscribed for by stockholders at par, raising the outstanding am ount d iv on pref. (7 p c.). $ 2°0.000; bal . sur., $1,132,160
to +114.946,500, one-half paid Aug. 1. 1901, and the balance Jan. 15,
O f f ic e r s .—Jam es A. Chambers, President; E. I. Phillips, Secretary;
1102; V. 72, p. 1137,12*2. This am ount includes $32,131,800 held bp W. G. M cCandless. Treas. Office, Pittsburg, Pa.—(V. 74, p. 88 6 .)
Am er. Bell Teleph Co., and so virtually unissued.
A m e r i c a n W o o l e n C o .—O r g a n iz a tio n .—I ncorporated Mar. 29,
D iv id e n d s .—On American Bell Telephone stock, previously 15 to 18 1899, under laws o f New Jersey as a consolidation of the Washington
p er cent yearly, w ere from Jan , 1895, to A pril, 1900, 15 p. c per an Mills, Lawrence, Mass.; National P rovid en ce Mills. Providence, IK I.f
num The A. T. A T Co., as successor o f the B ell, is paying at rate of etc., see Y. 6 8 , p. 472; see also p. 617; V. 69, p. 77; V 73, p. 446; V. 73,
7Lj per cent per annum, viz : 2 *4 p. o. paid Ju ly 16, 1900; Oct. 15, I^q p. 446; V. 71, p. S4J. Statement to 8tock E xchange, V. 71, p. 1316.
jp. c ; Jan. 15, 2kj p. e., etc. See V. 70, p. 1250
Strike in May and June, 1902. Y. 74, p. 939, 1198.
Ju l y , 1902. J
MISCELLANEOUS
STOCKS
AN D
BONDS,
155
Bonds—.Princi
IN TEREST OR D IVID EN D S.
D ate Size, or
A m ount 'R ate Per When Where P ayable, and by pal, When D ue.
o f i Par
Stocks—Last
F or explanation o f colum n headings, <fcc., see n otice on
Outstanding] Cent. Payable
Whom.
D ividend,
first page o f tables.
Bondsl Value.
MISCELLANEOUS.
Bethlehem Steel and Beth. Iron —See U. 8. Sh ipb u il d in g Co.
$6,500,000
B rook lyn F erry—Stock, $7,500,000 ......................................
......
......
J. & J. B’k ly n ,F irst Nat. Bank
6
1 , 000.000
B rooklyn & New Y ork Ferry, 1st m ortg a g e.......... c*&r. 1886 $500&c.
5 g. F. & A. N. Y ., H.B. H ollins & Co.
6.500.000
Consol, m ortgage, $ 7 ,5 0 0 ,0 0 0 .K .....................................c A 1898
1,000
15.000. 000 ,8 in 1901 Q - M . By check from Co.’ s off.
B rooklyn Union Gas—Stock, $ 15 ,00 0 ,00 0 ........................................
100
14.497.000
1st con., $15,000,000, g. G (foru n d erlyin g bds.see text) 1895
1,000
5 g. M. & N. N. Y ., Chase Nat. Bank,
B uffalo Gas—Stock, com m on ....................................................; ------ | 100
7.000. 000 .........
1.699.000
Preferred stock, 6 p er cent, non-cum ulative. .................
100
5.805.000
1st m ortgage, $5,900,000, red. at 115, g o ld .N ........... .c*
1897 1,000
5 g. A , & O. N. Y ., Continental Tr. Co.
Philadelphia.
Cam bria Iron —Stock (4 p. c. gu aran teed)....................................... I
50
8.468.000 4 in 1 9 0 1 A. & O.
Checks m ailed.
Cam bria Steel—Stock, $50,000,000...................... ...... .........
......
50
45.000. 000 3 in 1 9 0 2 F. & A,
5.925.000 7 in 1 9 0 1 Q .-J . N. Y. Of., 30 Wash. PI.
C elluloid G o—Stock, $6,000,000 authorized.................................
100
M. & N. NY, B ar’g,M agoun& Co.
6
Central Foundry—Deben., $4,000,000, red. aft. 1901 105 1899
___
4.000. 000
Central < South A m erican Telegraph—Stock $8,000,000.. ___
&
100
6 g.
7.725.600
Q .-J . N. Y ., Office, 37 Wall St.
100
Chicago Junction Railways & Union Slock Yards—Stuck.............
6.500.000 8 in 1 9 0 1 Q .-J . N .Y.,O ffice,25 B road St.
do
do
Preferred, 6 p er cen t cum ulative, p ref. also as to assets...........
100
6.500.000 6 in 1 9 0 1 Q —J.
Collateral trust, gold, $ or £ ..................................... C e.c*
1890 1,000
10 .000 . 000 I
5 8- J. & J. N.Y., Cent. Tr.; London.
M ort. and coll, trust ref. gold bonds, $14,000,000.S.c*&r
1900 l,0 0 0 & c
4.000. 000
4 g . A. & O. N. Y ., Standard Tr. Co
Claflin (R . B .) Company—Common s to ck ........................................
100
3,829,100 8 in 1 9 0 1 Q .-J . N.Y.,Office — Church St
do
do
100
1st pref. 5 p er cent, gold, cu m
^p ref. as to princi- > ___
2,600,300 5 in 1901 Q .- F .
do
do
2d pref. 6 per cent, cu m u lative.... t pal and dividends. 5 ___
100
2.570.600 6 in 1 9 0 1 Q .- F .
Colorado Fuel & Iron —Com m on stock, $ 38,000,000....................
100
23.931.000 See text. Q .-J .
8
Preferred stock, 8 p. c. cum., $2,000,000.
. ........................
100
2.000. 000 m 1 9 0 2 F. & A.
Conv. deb., $15.000,000, g., red. at 105, te x t. IC . o*&r
1901 1,000
9.069.000
5 g. F. & A. 1st coup, due A ug., ’02
Colorado Fuel Co’s gen. m ort., gold, s. f., red. 110.A ..c*
1889 1,000
680,000
6 g. M. & N. N. Y ., A tlan tic Trust Co.
CoLF. & T. gen. M. ($6,000,000) g .,s.fd .,red . 1 0 5 .C e c*<fer
1893 1,000
5.311.000
5 g. F. & A. N .Y., Chase Natl. B ank
fe
Gr. R iv. Coal & Coke 1st M.. g. ($125,000 g u a r.).C e.. c*
1889 1,000
934,000 1
6 g . A. < O. N. Y. .K n ick erbocker Tr.
S t o c k .— A uthorized b y charter, com m on, $40,000,000; p referred 7
per cent cum ., $25,000,000. A u thorized b y stockholders to acquire
and finance properties above nam ed and additional plants, $20,000,000 preferred and $30,000,000 com m on. Outstanding preferred, as in
table; com m on, $29,501,100 D ividends on preferred, July, 1899, to
July, 1902, b oth inclusive, 7 p. c. p er annum (Q.-J. 15). Only liens are
$295,000 bonds o f N ational-P rovidence and Chase M ills.—V 71 p 1316.
E a r n i n g s .— R eport fo r year ending D e c . 3 1 , 1 9 0 1 , in fu ll in V . 7 4
p. 5 2 7 , 5 3 4 , showed: Net profits, * 2 ,0 7 7 ,7 5 9 ; previou s surplus and
adjustm ent o f accts., $ 2 ,1 0 5 ,6 5 0 ; dividends at 7 p e r c e n t per annum,
$ 1 ,4 0 0 ,0 0 0 : net surplus, $ 2 ,7 8 3 ,4 0 9 . Pres., Fredk. A yer; Treas.. W. M
W ood; Asst. Treas., W. H. D w elly Jr.: See., Jos. T. Shaw. Office, Am es
B uilding, B oston, M ass.—(V . 7 4 , p. 9 3 9 , 1 1 9 8 .)
A m e r i c a n W r i t i n g P a p e r C o . “ -O r g a n i z a t i o n .—Incorporated?
in N ew Jersey on June 25, 1899, as a con solidation o f fine w ritin g
paper m ills, p rodu cing, it w as stated, over 84 per cen t o f the output of
N ew E ngland States and over 76 per cent o f that o f the U. S. V. 69,
p. 25, 128. See prospectus, V. 69, p. 128, 227. Com m on stock, $12,
500,000; issued, $11,500,000; pref. stock and bonds as in table. See
V. 70. p. 998. Report fo r yea r ending D ec. 31, 1901, w ith b alan ce
sheet, in V. 74, p. 576, show ing: N et incom e, $1,301,742: int. on
bonds, construction, depreciation, e tc .,$1,087,655; hah, sur., $214,087.
O f f i c e r s .—President, E lisha M organ; Gen. Mgr., W. N. C aldw ell;
Treas’r, George B. H olbrook ; Secretary, E. H. H all, Springfield, Mass.
—(V. 72, p. 5 7 8 ; V . 74, p. 5 7 5 .)
A n a c o n d a C o p p e r M i n i n g . —(V. 74, p. 832; V. 75, p. 136.)
A a p lia .lt C o . o f A m . —See Nat. A sph. Co. and V. 74, p. 42.
A s s o c i a t e d ile r c h a n t fc * C o .—O r g a n iz a t io n .—In corp ora ted in
A pr., )901, in Connecticut, under special ch arter, and acquired the
follow in g ioterests in dry goods businesses in the city o f N ew York,
viz.: $4,500,100 o f the $ 9 ,t0 0 ,0 0 0 stock o f the H. B. Claflin Co.; 12,000 oi the 18,000 shares o f p referred and 6 000 o f the 18,000 shares
of com m on stock of the Adam s Dry G oods Co. and the business o f
James M cC reery & Co, o f 23d St, In D ec., 1901, purchased the bush
ness of Posner Bros, o f B altim ore. V . 73, p 1358. In M ay, 1902,
President John Claflin purchased con trol o f H ahne & Co. o f Newark.
V. 74, p. 1091, 1253. J. P. M organ < Co. offered stock. V. 72, p. 724.
&
The 1st preferred is exch an geable at par at the holder’ s option into
either com m on or 2d preferred stock.
Dry i d e n d s -O n preferred stocks, in full to July, 1902 (Q -J.)
R e p o r t .— R eport fo r 9 h mos. ending Feb. l , 1902, w ith b alan ce
sheet, was in V. 74, p .4 , 6 . President, J ohn Claflin.—(V. 74, p. 4 7 6 ,
1091, 1253.)
B a y S t a t e G a h C o , —Stock, $100,000,000; par, $50, See p. 170.
B a r n e y Sc S m i t h C a r C o .—See p age 170.
B e t h l e h e m S t e e l C o .—O r g a n i z a t i o n .—In corp ora ted in P en n syl
vania A pril 17, 1899 (V, 68, p. 7 70). In Sept., 1901, m ost o f the Stee
Co. stock wan purchased at $24 p er share ($1 paid in), b y President
Chas M, Schwab of the U. S. Steel C orporation. The Bethlehem Iron
Co. properties (previously leased) were purchased in A u g., 1901 See
V. 72, p. 1282, 1240; V. 73, p 339, 446. 724; V. 74, p. 632. In Jun e,
1902, the United btates Shipbuilding Co. arranged to purchase the
property. V. 74, p 1309.
Stock, $15,000,000, In $50 shares, on which $1 has been paid. D iv i
dends, 50 cents per share, paid quarterly. Sept., 1899, to June,
1901, inch; A ug., 1901 25 cen ts; none since to July, 1902. F or
yfjar ending Apr. 30, 1901, net, $1,082,492; Iron Com pany rental,
$450,000; Steel Co. dividends, $600,000; other x>ayment8, Including
$183,538 charged off, $251,088; baL, def., $218,596; previous sur., $3,463,726; total sur., $3,245,130, V. 72. p. 1240.—(V, 73, p. 8 0 , 339,
393, 446, 724, 786, 1013; V. 74, p. 632, 1309.)
B o u t o n E l . l i t . —(V. 72, p. 629, 677, 1190,1282; V. 73, p. 4 4 3 )
B r o o k l y n K e r r y .—O r g a n iza tio n .—Owns ferries from R oosev elt
8 t, Grand St., 23d St. and 42dS t., New Y ork, to Broadw ay, B rooklyn,
and from Grand BE, New Y ork , to Grand HE, B rook lyn ; also leases
Tenth & Tw enty-third BE Ferry for 99 years from D eo., 1898, at 5 r> o.
.
on $550,000 bonds and 5 p er cen t on $1,000,000 stock. V. 67, p. 1206.
1 he new ferry from East 42d St. to B roadw ay, B rooklyn, was opened
Dec. 2,1901. V, 73, p, 1162. Statement to N, Y. Stock E xchange
' V. 69, p. 1102). Surplus over charges in J900, $97,981. M ortgage
covers real estate in B rooklyn and N. Y. and 16 steel boats. R eport
for year ending Dec. 31, 1901, in V. 74, p. 1250, showed : Gros -., $1.268,302; net. f 569,930; int, on bon rE , $ 4 12,500; rentals, $77,500; Iml
ance, sur,, $79,940—( V. 73, p. 1162; V .7 4 ,p . 1 2 5 0 .)
B r o o k ly n U n i o n G a n .—Incorporated In New York State Sept* 9,
1895, See plan V. 61, p. 831, and V. 62, p, 1 M l .
Contract.—U nder fivo-year con tract with city In 1897, city receives
gas at. $l per 1,000 cu b ic feet, for first, year,and reduction o f 2 hi cents
per 1,000 each year, paying 90 cents the last year. Private consum ers
began at $1 20, with reduction o f 5 cents yearly, to $ E - V , (J4, p. hh7.
D tv id k n o s .— 1 8 9 6 t o J u n e , I 9 6 0 . 6 p. c. y e a r ly , p a id se m i an . (J D ):
Dee.., 19 00 , 4 p. c.; 1 9 0 1 , 8 p . o.; 1 9 0 2 , M a r ,, 2 p. c.; J u n e , 2 p. c,
B o n d s . M ortgage of 1895 is for $15,000,000 o f bonds, subject to :
f Bond a.
Interest.
Outataiuliny.
M aturity,
hit zees' G as,con.(now 1st M .).5% F. (V A.
.
$305,000
F e b . ] , 1940
u n ion fin s L. c o n , (now 1 sr M ,) .5 f 0 J. < J,
;
V
] 98,000
J a n . I . J 920
Pres., James Jourdan; Treas., E, R. Chapman.—(V. 73, p. 1063,)
B r o o k ly n W h a r f Sc W « r c l i o i m c , —Bee New York. Dock Co,
B ru t i k
O o c k A If m p r o ve in c n t C o . - See page 170.
t
i
- Organi zed in Oct., 1899, and consolidated the
buffalo City Gas Oo. and Buffalo Gas Light < n. o w n « entire C oek and
oonda of the Mutual Gas Light Oo.. ail the slock of the Citizen'.** Gas
Jan. 1, 1911
A ug. 1, 1948
June 2, ’0 2 ,2%
M ay 1, 1945
Oct. 1, 1947
A pr. 1, ’02, 2%
A ’g 15,’02.75c.
Ju ly 1 , ’02. U s
M ay 1, 1919
Ju ly 8 , ’02, 1 ^
July 1, ’02, 2%
J u ly 1 , ’02, l i s
Ju ly 1, 1915
A pr. 1, 1940
Ju ly 15.’02,2%
A u g .l, ’02,1*4
A u g .l, ’ 02, l 1
*
A p r.1 5,’ 02,1%
A ug.20,’02,4%
A ug. 1, 1911
May 1, 1919
Feb. 1, 1943
July 1, 1919
Co. o f Buffalo, and about 27,000 o f 30,000 shares o f stock and $2,041?000 o f $2,100,000 bonds o f P eople’ s Gas Light & Coke Co. (see V . 67,
p. 1262). B ills payable Oct 1, 1901. $bO,OO0.
O ctober 1 to M ay 3 1 ,1 9 0 2 , 8 m ouths, net, $252,704. R eport fo r yea r
ending Sept. 30, 1901, ia V. 73, p 1 158, show ed net, $303,939;int. on
bonds, $290,250; bal., surplus, $13,689. A . C. H um phreys, 31 Nas
sau St., Pres.—V. 71, p. b 65, 1 0 6 6 ; V. 73, p. 1 1 5 8 .
C a l u m e t Sc H e c l a M i n i n g , —Stock, $2,500,000; par $25. D iv i
dends 1895-96, 100 p. c.; 1896-97, 120 p. c.; in 1897-98, 160 p. c.; in
1898-9, 280 p. c.; 1899 0 0 ,3 2 0 p. c.; 1900-1, 260 p. c.; Dec., 1 9 0 0 ,8 0 p.
c : 1901, Anr.. 60 p. c ; July. 60 p. c.; Oct., 60; 1902, Jan., 40 : M ay, 20
(V. 74, p. 939). As to dividend p o licy in 1901, V. 73, p , 393. In ) 900-01
produ ced 36.327 tons o f refined co p p e r, against 49,312 in 1899. R e
p ort fo r year ending A p ril 30, 1901, in V. 73, p. 235.—(V. 73, p. 2 3 5*
393; V. 74, p. 42, 939.)
C a m b r i a S t e e l € 0 ^ I n c o r p o r a t e d in Penn, in N ov., 1898, p er plan
in V. 67, p. 6 8 8 , leasing the Cam bria Iron Co. fo r 999 years at 4 p. e*
on its $8,468,000 stock. (V. 6 8 , p. 128.)
In June, 1901, a con trollin g interest w as acquired b y th e Pennsyl
vania R E . and affiliated roads. V . 5 2, p. 1282. U nder the plan o f r e
adjustm ent iV. 72, p. 1190) the stock was increased to $50,000,000,
o f w hich $5,000,000 rem ains in the treasury. The $ 200,000 Cambria
Iron b o o d s w ere called fo r p aym ent and redeem ed J u ly 1 ,19 02 . V. 74,
p, 1253. (V. 73, p, 84, 393.)
D iv id e n d s .— F irst dividend on stock, as reorganized, M p . e., paid
F e l 1 5 ,1 9 0 2 ; A u g 15,
v
per cent.
F iscal year to end Dec. 31; n ext rep ort to be fo r 14 mos. ending Dec*
3 1 ,1 9 0 2 . R eport fo r 2 ^ m os. ending Oct. 31, 1901, w ith bal. sheet,
w as in V. 74, p 324, sh ow ing gross, $3,987,435; net, *821,357; other
incom e, $91,035; charges, $93,000; depreciation, $360,264; bal., sur.,
$459,128. D irectors, A u g., 1901* V. 73, p. 339, 844.— (V. 74, p. 270?
3 2 4 ; 12530)
C a r n e g i e C o*—See U n it e d S t a t e s St e e l C o r p o r a t i o n .
C e l l u l o i d . C o m p a n y . —O r g a n i z a t i o n — In corp ora ted N ov. 28*
1890, in N. J, Stock, $6,000,000; issued $5,925,000; par, $100.
D i v i d e n d s . > ’92. ’ 93. ’ 94* >95. ’ 96. ’ 97. ’ 98. ’ 99. ’ 00. ’01.
1902.
P e r c e n t ... 5 6 5 ^
4
4
4^
4
4^ 6
7
7 I iic .J u ly ,3
On D ec. 3 1 ,1 9 0 0 , and 1901, each Ik) p. c. and I p . 0. extra w as paid*
F actories at N ewark, N. J.; office, 30 to 36 W ash in gton Place, N. Y.
President M. C. Lefferts; V ice-P residen t, J. A . B artow ; Treasurer, F*
R. Lefferts; Secretary, J. R . H alsey.— (V. 69, p. 1195; Y . 71, p, 1168.)
C e n t r a l F o u n d r y . —In corp ora ted in N ew J ersey on J u ly 11*
1899, and acquired m anufactories o f soil pipe, said to con trol 95 per
cen t o f trade the in U. S. Y. 69, p. 178. V. 71, p. 1222 Stock,$7,000,000 each o f com. aDd 7 p. c. cum. p ref.; par of shares $100. President,
A lfred F ow le Jr.; Sec. and Treas., W. L. R ogers.— (V. 7 1 ,p. 1222.)
C e n t r a l Sc S o u t h A m e r i c a n T e l e g r a p h . —Owns ca b le line from
Vera Cruz, M exico, to V alparaiso, Cm li, 4,750 m iles, and land lines
350 miles, etc. A lso the Trans-Andine telegraph lines, 1,200 miles*,
Connects at Vera Cruz w ith M exican Telegraph Co., and ow ns an in ter
est in cable betw een G alveston and C oatzacoalcos, 825 m iles, etc.
D iv id e n d s , > 1885. ’ 86. ’ 87. ’ 88-’ 96. ’ 97.
1898 to July, 1902.
P e r ce n t, s 4
4
6 7 y ’ rly
6%
6 yea rly (Q.-J.)
In 1890 20 x> c. in stock. F or 6 m os. ending June 3 0 .1 9 0 2 , gross,
.
$489,000; net, $294,500; div. (3 p. e.), $231,768; bal., sur., $62,732.
Y ear 1901, gross, $982,053; net, $549,718; dividends, $463,536.
Office, 37 Wail 8 t.—(V. 65, p. 666; V. 71, p. 1312.)
C e n t r a l G n i o n & T e l e p h o n o C o . —See page 170.
C h e s a p e a k e Sc B e l . C a n a l . —See p age 170
C h e s a p e a k e Sc O h i o C a n a l —Sur. 1890; V. 72, p .8 7 5 ; V .74,p.329.
C h i c a g o E d l s o n . - Y . 72, p. 1240; V. 74, p. 208r 529, 9 8 4 , 1253.
C h i c a g o J u n c t i o n R a i l w a y s Sc U n i o n S t o c k Y a r d s . - O r
g a n i z a t i o n .— Incorporated In 1890 In New Jersey, and purchased 98
per cen t of the stock of Union Stock Y ards
Transit Co. of Chicago.
T h u s controls over 450 acres o f land (with one m ile of w a te rfro n t),
containing warehouses, sheds and pens to accom m odate 75,000
cattle, 300,000 hogs, etc. See C hicago ,Junction K y I n “ Railroads.*’
D i v i d e n d s . —O n p r e f., 6 p, e. y e a r ly (Q. J .). O n c o m m o n 1 8 9 1 , 1 0 ;
1 8 9 2 to J u ly , 1 9 0 2 , in c h , 8 p. 0. y e a r ly (Q J ) .— V. 7 0 , p . 3 2 8 .
B o n d s . —The collateral trust bonds are secured by pledge o f over
90 p. 0. of the stock of Union fttook Yard Transit Go. Of the $14,000,0 0 0 4 p e r c e n t b o n d s . $ : 0 ,0 0 0 ,0 0 0 a r e r e s e r v e d to ta k e up th e 0011 a feral tr u s t 5s. Hoe V. 70, p. 1251; V, 72, p. 389.
R e p o r t .—Report In V. 74, p. 470, showed:
Year ending her. 31
1901.
1 899.
1900
Dividends of U. 8. Y. Co., < 0.
&
,857,025 $1,854,311 $1,708,4 85
B a la n c e p r e v io u s y e a r ............
28,382
230,9 1 1
84,049
73,84 5
0 2 ,0 0 4
G e n e r a l e x p e n s e s , r e n ts , <Yc.
60,768
040,050
027,003
700,000
f n 1« r e s t o n b o n d s ........... ..........
9 l 0,000
910,000
D ividends..,#*#.............. .
910,000
9 0 .0 0 0
55,000
90,000
D e p r e c ia t io n ........ ........................
1,9) 1
$84,049
<360,928
1900.
1899.
Vn Stork YdH.tf-.Tr,Co,
TOOL
1898,
, 154,48 I $3,977,139 $3,73 1,54 2
! Gross earn in gs....... $4,40 1,210
2,023,380
N et e a r n lo g s . ..
2 ,1 1 7 ,8 5 1
2,042,743
,085,005
D ir e c t o r s . - ('hauncey M. Depew (Chairman), K N. Foss, B oston;
| National Thayer, Boston; John Kean Jr., N, J.; F. 11 . 1’rln ce ,
Boston; A lb ert IE V erd e r and P. A. Valentino, o f C hicago; Wm. !>*
Guthrie and William 0. Cone, o f New York; G eoree Peabody Gardner,,
Boston. N. Y. office, 4 0 Wall. (V. 73, p. 140; V .7 4 , p. 15 1, 4 7 0 .)
I ( l i b a g o B im ' ii m n i l r T o o l . — e r e p a g e 108.
156
INVESTORS’
SUPPLEMENT,
V ol. LXXV.
ysoxiti
SUNRISE
CARBON
SWEETWATER
CACHE
LARAMIE
PACIFIC
______ __
_
UNION
pacific
★
River
PEACOCK
SALT
P ILLIPS
H
ELK HEAD
■ if
HAYDENMITCHELL MORGAN
CLEAR—
CREEK------
G
ANEW C A S T ^ j ^ r g ^
^HOGBACK-----^ S t jN S H t N E ¥ l1 -L n
rTlTANl^
'CAN N
O -^tScO B S 'w ■
AL A IN “~* '
\ oyc,
.PLACER
KIT CARSON
OA u^-GRA^T JR^calumet.
v co
\
placeft1
SAN M IG U E L M W O -
,L PASO
. 9 \ ---------------
REMONT
SAGUACHE
T* \
» » 2 ?\
2 5-----\26 B S E E
ES M
RJp iu t e
DOLOR E s C ^
/<b^
0 W A
PLACER \CUSTER I !
IRON CLAIMS
LA PLATA ARCHULETA
WASHINGTON
X
AN'MAS
CANON
OKLAHOMA
I NDEX T O M A P
SHOWING LOCATION O F PR O PER TIES .
The respective properties are indicated by
a STAR and NUMBER, the latter corres
ponding to the number in this index.
0. General Offices.
1. Iron lands.
2. Steam coal lands.
3. Laramie Steel Works.
4. Dry domestic coal lands.
5. Elk Head Mountains. Anthracite lands.
6. Domestic coa l lands.
7. Semi-caking steam and domestic coal lands.
8. Semi-caking steam and domestic coal lands.
9. Dry domestic and steam coal lands.
10. Coke Ovens.
11. Semi-caking domestic coal lands.
12. Semi-caking steam and domestic coal lands.
13. Coking coal mines,
II. Coke Ovens.
15. Coking coal mines.
16. Anthracite mines.
17. Anthracite mines,
18. Coking coal mines. Coke Ovens.
19. Clay properties.
20. Iron lands.
2L Iron lands.
22. Iron lands.
23. Iron lands.
24. Lignite lands.
25. Iron lands.
26. Iron lands.
27. Domestic coal lands.
28. Steel Works.
29. Limestone Quarries.
30. Domestic coal mine.
3L
“
32.
“
S3.
“
84.
85.
*
36.
“
u
37. Domestic and steam coal mine
38.
“
39.
“
“
10.
“
“
“
4
4 “
11. Iron lands.
12. Coke Ovens.
43. Domestic and steam coal lands.
41. Anthracite mines.
45. Lignite coal mines.
46. Iron mines.
47. Iron lands.
M? KI N L E Y
4 - 5 ^ GALLUP
a7
tT
S A N T A RE
^\
^Albuquerqut
GUADAI aQUPE
Roswell
HANOVER
Silver Cu
Rincon
G RA
Doming
1 Paso
T—north
^
i? aVota.
—-O
[)»marck~\
\
SOUTH
DAKOTA
JOWA^\
Dw Mi.u^
o e
LOCATI ON
OF THE
COAL &
IRON
PROPERTIES
OF
Lo#
T he Colorado F uel & Iron Co.
CO LO RAD O ,
*
0
W Y O M IN G
\
UTAH
and
N E W
M EXICO.
DLOCATION
AND
OF
MAR KETS \
>
Colorado Fuel & Iron Co.
S h ow n b y the Shaded Section.
MISCELLANEOUS
J u l y , 190’.]
STOCKS
AND
BONDS
Id7
tio/oas -L i'in c lINTEREST OR DIVID EN DS.
Date Size, or
pal When Du©.
A m ount
of
Par
Rate per When Where Payable, and by Stocks—Last
For explanation o f colum n headings, <fcc., see notes on
Bonds Value. Outstanding
Cent.
Payable
Whom.
first page o f tables.
Dividend.
M I8CE LLANEOUS.
Colorado Fuel < Ir o n —(Oonclud d) —
£
Col. Coal & Ir. Devel., 1st M., g., gu .,red . 105.Ce..c*<fcr
_
R ock y M ountain Coal & IroD, 1st m ort , gold, g u a r ._
Col.& Hock. Goal & Iron —IstM ., g., (old 6s int. red.) < e.o*
Commercial Cable—Stock ($15,000,000).................................
F irst M. (incl. deben. £ sto k), $20,000,000. gold.F.c<fcr
Commercial Union Teleg .—Stk., gu., 6 p. c , Post.Tel Cab.
Compressed A ir—Stock, $755,000 is 6% non-cum . p r e f...
1st m ortgage, $500,000, g o ld .M o . V. 70, p. 844..........
Consol. Gas o f Baltim ore—Stock auth., $ 11 ,00 0 ,00 0 ........
1st m ortgage b o n d s .............................................................c
Consol. 1st M ..g o ld , $7,000,000. * * e B a ................
c*
Certificates of indebtedness, gold, red. b egin n ’ g 1907..
Consolidated Gas (N. Y.) - Stock—$ 8 0 ,0 0 0 ,0 0 0 ...................
D eben tu res.............................................................................. r
1889
1901
1887
1897
....
1900
1880
1888
1902
....
1888
$1,000
$673,000
5 g. J. & J.
750,000
5 g. M. & N.
1,000
859,000
5 g. J. & J.
100 13,333,300 8 in 1901 Q .-J $ &£
20,000,000
Q .- J .
4 g.
25
J. & J.
500,000
6
100
7,156,300
1,000
5 g. A.&O .1 6
355,000
100 10,770,968 3 ^ in ’01 J. & D.
500 &c.
6
J. & J.
3,584,500
1,000
3,253,000
5 g. J. & J.
1,000
500,000
J. & J.
100 72,893,100 8 in 1901 Q.-M .15
M. & N.
1,000
1,461,000
5
N ew York.
N .Y .,K nickerbocker Tr
N. Y ., Central Trust Co.
N. Y., 253 B roadw ay.
N .Y., F.L.& T.Co. < Off
fc
N ew York.
Apr. 1, 1909
May 1, 1951
Jan. 1, 1917
July 1, ’02,13*
Jan. 1. 2397
July, 1902, 3%
N. Y ., Off.', 24 State St.
Baltim ore.
F irst Nat. Bk., Balt.
do
do
C olonial Tr. Co., Balt.
N. Y ., Office, 4 Irvin g PI.
N. Y ., Office, 4 Irvin g Pl.
Apr. 1*, 1920
June 1 /0 2
J u ly 1, 1910
July 1, 1939
Ju ly 1, 1912
June 16, ’02, 2
May 1, 1908
B o n d s o f C o m p a n ie s C o n t r o l l e d .
N .Y .E d.-N .Y .G .& E .L H & P .lstM .$15000000,g.M oc*& r
Pur.m on.M .,$21,000,000,g.,sub.to call to F e b ’0 2 € e .c*
E dison E lec. 111., N. Y., 1st M.. gold, red. at 110 Ce..<r
First consol, m ortgage, $15,000,000, g o l d . M o ....... c*
Mt. M orris Elec. Lt., 1st M., g., red. at 105 Oct. 1, 1900
U nited Elec. Lx. & Pow er, 1st m ort., $ 5 ,3 7 0 ,0 0 0 .U n ...
Brush E lectric Illum inating, 1st m ortgage......................
E quitable Gas L. cons, (now 1st) M .Ce ) A ssum ed b y f
Debentures, subject to ca ll. . . .
. [
N ew
J
N.Y. & East R iver Gas 1st m ort. g .G c* ' Amsterdam }
1st con, M , ($5,000,000),g o l d .K . c* j
Gas Co.
{
1898
1899
1890
1895
1890
1894
—
1,000
1,000
1,000
1,000
1,000
1,000
1896
1894
1895
1,000
100
1,000
1,000
C h i c a g o T e l e p h o n e C o . —( V .7 3 ,p. 1266; V .7 i,p .2 7 0 , 5 2 7 ,5 2 9 .)
C l a f l i n ( H . B . ) C o m p a n y . —Incorporated under the law s of New
Jersey in May, 1390, and deals in dry goods. Its prem ises have a
fron tage of 375 feet on W orth Street, N. Y . City.—V. 71, p. 83. A sso
ciated M erchants’ Co. ow ns $4,500,100 o f the $9,000,000 stock. See
that com pan y above. V. 72, p. 724.
D i v i d e n d s .— ’90-’ 92. ’ 93. ’ 9 4 to A p r.,’ 99. J,y .& 0 .,,99. ’ 0 0 /0 1
’ 02.
Com m on, p. c . . 8 y e ’ly. 7 ^
6 ( l 1 Q.-J.)
^
2 each.
8 8 lD C .J ’ly,6
Preferred stocks —In full to A ug., 1902.
R e p o r t .—R eport fo r half-year ending June 30, 1902 (Y. 75, p. 137)
Net fo r dividends, $317,378, against $303,098 in 1901; interest on 1st
and 2d p ref., $142,125; dividend on com m on (4 p. c.), $153,164; b al
ance, sur., $22,088. R eserve fo r com . stk. June 30, 1902, $1,215,160.
Profits fo r calendar years before deducting any dividends: In 1901,
$650,554; 1900, $914,354: in 1899, $1,247,851.—(Y. 75, p. 137.)
C o l o r a d o F u e l 6c I r o n . —(See M ap) - A Colorado corporation
form ed in Oct,, 1892, b y consolidation [V. 55, p. 3 73 ,6 3 9 ,] o f Colorado
Fuel and Colorado Coal & Iron com panies, bee Y . 62, p. 461. In A pr..
1901, J ohn W. Gates and others form erly identified with the A m er.
Steel & W ire Co (now U. 8. Steel Corporation) purchased a large b lock
o f the stock.—Y. 72, p. 724. In 1901 the annual cap acity o f finished
steel products was shortly to be 550,000 tons.—Y . 73, p. 5 b l.
St o c k .—Preferied is $2,000,000 8 per cent cum u lative (par $100).
On Sept. 25, 1899, the stockholders voted to increase the com m on
stock from $11,000,000 to $23,000,000, fo r im portan t additions and
im provem ents, all bein g issued from tim e to tim e as required, and on
July 1 3 ,1 9 0 1 , to further increase the same to $38,000,000 to p rovid e
fo r conversion o f the debentures. See b elow .—V. 69, p 494, 540, 697;
see also circu lar in full, p. 652, 653, 794, and circulars V. 72, p. 1284.
B onds .—See application fo r listin g bonds Y. 62, p. 461.
The $10,000,000 debentures are convertible at the option of
the holder into com m on stock at p a r from Feb. 1 ,1 9 0 2 , to A ug. 1,
1906, inclusive, and redeem able at the option o f the com pany at 105
after Aug. 1 ,1 9 0 6 . The p roceeds w ill be used fo r the construction of
auxiliary plants to m anufacture tin plates, hoops, rods, w ire, nails,
etc., the rem aining $5,000,000 bein g reserved fo r additional property.
—Y. 72, p. 99 j and circu lar Y. 73, p. 561, and application to list, V. 74,
p, 731. In A pr,, 1902, $931,000 had been converted. Y. 74, p. 939.
D i v i d e n d s .—
1893. ’ 94. ’ 95. ’ 96. ’ 97. ’98 ’ 99. 1900. ’ 01. 1902.
C om m on.............. 1 ^ % 0
0 0 0 0 0
0
3^2 B elow
P r e fe r re d ............8 (4 sc.) 4 sc. 0
8
4
0
0 '---- See below .——
'
During 1900 40 p. c, was paid on preferred, com pleting paym ent o f
overdue dividends Y. 71, p. 544, 601, 1069. From Feb , 1901, to
A ug., 1902, both inch 8 p. c. yearly ( F.<fcA ) On com m on, quarierly
dividend o f 1% p c. paid J u ly 15, 1901, to A pr., 15, 1902, inclusive;
tlie July, 1902, dividend was passed. V . 75, p. 32.
L a t e s t E arnings —F or 9 m os, ending M ar. 3 1 ,1 9 0 2 (see Y. 74, p,
1036), net earnings, $1,31 R170, against $1,593.0 «2 in 1900-1; to ta 1
net Income after deducting expenses o f managem ent, $1,251,795;
fixed charges and taxes, $556,355; sinking funds, 227,154; div. on
pref. s t o c k 'd
c.), $120,000; bal. for cornmo . stock. $351,785; items
brought forw ard from previous fiscal year, $ L 470,663; deduct depre
ciation, *17,011; div, on com m on stock (5 *4 p. c ), $1,206,721; total
surplus Mar. 31, 1902, $1,246,931.
R e p o r t .—R ep ort for 1900-01 at length in V. 73, p. 552, 559.
-------------- Gross--------------* /------- -------Net--------------- n
Tear end?ff June 30.
1901.
1900.
1901.
1900.
Fuel departm ent......... $5,589,353 $5,105,302
$969,233 $1,137,696
Iron departm ent......... 6,266,877 4,928,652
1,333,088
1,387,845
Retail dept., e t c ..........
390,316
316,076
39,738
26,045
11,500,000
20,929,391
4,312,000
2,188,000
988,000
4,838,000
275,000
3,500,000
500,000
3,500,000
1,500,000
J.
F.
M.
J.
M.
J.
J.
g. M.
M.
g. J.
5 g. J.
5
4
5
5
5
5
5
5
5
5
g.
g.
g.
g.
g.
&
&
&
&
&
&
&
&
&
&
&
D.
A.
S.
J.
S.
J.
J
S.
N.
J.
J.
N. Y .f M orton Trust Co.
N. Y ., Central Trust Co
N. Y ., Guaranty Tr. Co.
N. Y ., M orton Trust Co.
N. Y ., Cent. Trust Co.
N. Y ., U nion Trust Co.
New York.
N. Y ., ce n tra l Trust Co.
do
do
N. Y. Guaranty Trust Co.
N. Y ., K n ick ’b ’r Tr. Co
Dec.
Feb.
Mch.
July
Sept.
Ju ly
1,
1,
1,
1,
1,
1,
1948
1949
1910
1995
1940
1924
Mch.
M ay
Jan.
Jan.
1,
1,
1,
1.
1932
1906
1944
1945
3 1 ,1 9 0 1 , had 184,232 m iles o f w ire Hand lines). 3 066 offices. The
Postal Co 1ms a 15-year con tract from July 1, 1^02, to operate o v e r
P ennsylvania R R lines east o f Pittsburg, inclu din g about 1,000 com
m ercial offices; further arrangem ents o er the rem ainder o f the system
are expected to be m ade w hen present contracts expire. Y. 74, p.
1357; V. 75, p. 79.
S t o c k .— I n D e c ., 1 8 9 9 , s t o c k w a s in c r e a s e d fr o m $ 1 0 ,0 0 0 ,0 0 0 t o $ 1 5 0 0 0 ,0 0 0 a n d $ 3 ,3 3 3 ,3 0 0 s u b s c r ib e d b y s t o c k h o ld e r s .—Y . 6 9 , p . 1 1 9 5 .
D i v i d e n d s .— ’ 8 9 . ’ 9 0 . ’ 9 1 t o ’ 9 6 . 9 7 -’ 9 8 . ’ 9 9 . ’ 0 0 . ’ 0 1 .
’02
P e r c e n t ............ l 1
^
6
7 y e a r ly .
8
8
8
8 I n c . J u l y , 6*4
R e p o r t .— F iscal 3 ear ends D ec. 31. R eport fo r 1901 in V. 74, p. 527.
G ross.
N et
I n t , etc.
D iv ’ d s.
R eserve.
1901........$3,371,063 $2,264,893
$788,691
$1,066,664 $500,000
1900 .. . 3.296,151
2,283,336
723,719 1,066,661
500,000
Office, 253 B roadw ay, N .Y.—(Y. 74, p. 529, 1357.)
C o m m > n w e a ltli E le c t r ic C o . o f C h i c a g o .—(V. 74, p. 1137,
1193, 1254; Y . 75, p. 79.)
C o m p re sse d A i r C o . o f B o r . o f M a n h a t t a n .—See page 170.
Y ea rs,
C o n s o lid a t e d C a r H e a t i n g C o .—Supplies steam and hot w ater
apparatus fo r heating railw ay trains and electric heaters fo r street
cars, e t c —Y . 70, p. 232. S to ck , $1,250,000; outstanding, $1,130,400;
p ar $100. D ividends F. & A.
D iv ’ s - ) 1892 1893 1894 1895 ’ 96 ’97 ’ 98 ’99 1900 Since,
P e r c e n t. 5
3
3
6
1 3 ^ 1^2 3
4
7^
6
In 1899, Feb., 1 ^ p. c.; A u g., 2k* p. c. In 1900, 2 ^ p. e., including
1 p. c. extra; Aug. 1, 5 p. 0 ., inclu din g 3*2 p. c. extra; 1901, Feb., 2*g
p. c., incl. 1 p. c. extra; A ug., 3 p. c., incl. l ^ p . e. extra; 1902, Feb. 1
and Aug. 1 each 3 p. e., incl. l 1 p. c. extra. Officers and directors
^
June, 1900, Y. 70, p. 1252. Office, 413-423 North Pearl St., A lbany,
N. Y .—(V. 70, p. 232, 1252; Y. 73, p. 289.)
C o n so lid a te d . G a s o f B a l t i m o r e C lt y .—In corporated M ay 5,
1888, under the law s o f M aryland. In July, 1902, new m anagem ent
w a s elected. See C h r o n ic l e Ju ly 2 6 ,1 9 0 2 ,
P rice o f gas was redu ced on June 1, 1900, from $1 25 to $1 10 per
1,000 cu b ic feet. V. 70, p. 431, 635, 794, 1097. In June, 1902, it was
arranged to sell $1,500,000 483 p. c. certificates o f indebtedness fo r im provem ents, o f which $500,000 at on ce, b alan ce in 1903. V. 74. p.
1310, 1358; V . 75, p. 32, 137. Official statem ent, givin g statistics, etc.,
Y. 74, p. 1358.
D i v i d e n d s .— > 1 8 9 1 . ’ 9 2 . ’ 9 3 t o ’ 9 6 . ’ 9 7 . ’ 9 8 . ’ 9 9 . ’ 0 0 . ’ 0 1 .
1902.
Per c e n t ... 5 3
4 ^ 5 yearly. 4^4 4 ^ 4
5% 3 ^ June,
E a r n in g s .— Statem ent fo r yea r ending June 3 0 ,1 9 0 2 , was in Y. 7 5 ,
p 13 , show ing, gross, $1,757,763; net earnings, $749,353; fixed
charges, $377,720; bal., sur., for div. (incl. $8,095 premiums from sale
o f bonds), $379,728.
O f f ic e r s .— ^resident, Ferdinand C. Latrobe; Sec., N. T. M eginness;
Treas., Jos, W. Clarke; office, 19 South St., B alt
D irectors, July,
1902, see C h r o n ic l e July 2 6 ,1 9 0 2 .—(Y. 75, p. 32, 1 3 3 , 137.)
C o n s o lid a te d G a s o f N e w Y o r k * —This com pan y was organized
N ov. 1 1 ,1 8 8 4 , as a consolidation, and in 1899-00 secured con trol of
all the other gas com panies and o f all the electric lighting p roperties
in Manhattan, N ew Y ork City. The com panies controlled are de
scribed b elow . Law regu latin g price 01 gas, see V. 64, p. 1000.
D i v i d e n d s -F o rm e rly 6 per cent; from June, 1893, to 1898, 8
p. c. yearly; in 1899, 5 ^ p. e.; 1900, M arch, 1 p. c.; June. 1 p. 0 .;
Kept., 1900, to June, 1902, both inclusive. 8 p. 0 . yearly (2 Q .-J,). In
June, 1300, price o f gas was restored to legal rate.—V. 71, p. 137.
S t o c k .—In Mar., 1900, stock Increased from $39,078,000 to $54,595,200, and in July, 1900, to $80,000,000 to com plete the con trol o f the
gas and electric light business in M anhattan, to provid e for im prove
ments,etc. Of the last issue, $13,648,800 w as subscribed for by stock
holders at $150 per share and $909,000 was issued in Fob., 1901; $6,822,900 to rornaln in the treasury. The controlled properties acquired
in 1899 00 a r e described below . See also V. 70, p. 1293 (see also p.
1 05 1,1 0 97 , 1197; V 71, p. 1 8 4 ,5 4 4 ) . Office, 4 Irving Place.
Bal. sheet Jan. 31, 1901, V. 72, p, 436; President’s statement, V.
74, p. 200.
O f f ic e r s President, H arrison E. (la w tr y ; See., Lew is B. (la w try
Trcas., <1, W. Doane. TRUSTEES Win. 0. W hitney, It. E. (la w try;
Bam lie! Bloan, J. P. H uggins, W. RockefeUer, M. T a ylor Pyne, Geo.
F. Baker, Jas. Btlllinan, H Palmer. Frank Til ford, F. A. Hohonporliorn,
.
A N. Brady, T. F. Ryan. V. 73, p. 186, 495; V. 74, p. 2 0 0 .)
T ota l....... ...........$12,246,546 $10,350,030 $2,342,059 #2,551,586
Bal.to Inc. aoct. aft. deduct*# gen. expenses
$2,142,071 $2,349,682
Interest, $329,928; taxes, exch an ge, etc., $93,886; sinking fund,
$426,938; rliv. on pref. (32 p. c.), $640,000; balance, $651,921.
O ffic e r s , j . C. Osgoou, Chairman; J. A. Kebler, President; John
I*. Jerom e, Trcas. >fiioe Denver, Col. New York office. 71 Broadw ay.
~ (Y , 74, j>, 7 3 1 ,8 3 2 , 939, 1 0 3 6 , 1254, 1357; V .7 5, p. 32.)
ColiifYibfiM <v H o c k i n g C o a l 6c. I r o n C o m p a n y . —Organized at
Columbus, O., Jan, 26, 1 833, and owns large coal and Iron properties
(13,250 acres of land) In Ohio. Bee V. 44, p. 278; V. 63, p. 559.
O r g a n iz a t io n —R eorganized in 1 8 9 8 w ithout fa re d ohm per plan
In V . 65, p. 976, Interest being reduced from 6 to 5 per cent. V. 65 , p.
3 6 7 ,9 7 6 ; V. 67,j>. 28 see end’ t on bond V. 66. p. 81. Block author*
J/ed, com m on, $7,000.000 (par $ 1c 0), )neroased A pr , 100 I; oats tami i
(1 ) NEW AMBTK RD AM GAS.
leg, $6,914,400; balance reserved to r e tir e $ 2 1 , lo o r e m a i n i n g 5 p er
Incorporated Nov. 1, 1897, and 0OI1soil dated N. Y. X East R iver and
cent preferred stock. V. 72, p 1185. In May, 1902, change o f con
Eq. Ga ) Igbt, p e r p la n V. 66, p. 133. QWhM Oil tiro $7,000,000 stock
trol took place V. 74, p. 886, 1088, 1141.
o f New Y ork Carbide
AcOtyJene Co.
R eport
R e p o r t f o r y e a r e n d i n g M ar. 31, 1902 , V. 74 , p. I 193;
B e c u iu t ie h . - The Stock authorized in $ 1 3, 000 ,OOO o f com m on
Jr, to Mur, 31.
(iron*.
Net,
Oilier one.
Charges. Util., sur.
stock, $10,000,000 o f 5 p. 0. preferred, cmmillative after Nov. I, 1900,
1 9 ) 1 - 0 2 , .......... $ 6 0 1 , 1 5 3
$90,673
* $ 1 8 ,4 2 4
$ 5 5 ,5 1 2
$ 5 0 , 0 ^ 7 I NeWCOi'Sol. 5s for $1.305,000, preferred Mini'll $1 ,000,000 and com m on
1900 0 1 ............. 576,156
101,673
............
52,325
4 9,348 j $885,000 In .I uric, 1900, were ! n treasury available for future needs.
Par o f shares $100. O v e r80 per cent o f the outstanding stock is held
* Bonus on exchange of stock, etc V. 73, p. 1315; V. 74, p. 8 8 6 , by the Consol (dated Gas Oo, V. 70, p. 897, 948, 1032, 1 107, 1252.
990, 1040, 1088, 1 141, 1 1 9 3 ,
(2) NEW YORK EDfHON CSMI'ANY.
C o t n m e r f l a l C a b le C o .—Owns three cables from Nova Beotia
O r g a n iz e d M ay 28 , 19 0 1 , as a mmMolhbi t Ion o f th e N. Y. G a s A E le c ,
Ireland ; one from Ireland to H avre, F ran ce; two from Ireland lo
L ig h t, G en t < P o w e r Co. an d lie* E d ison Elen. Iliu m . Go. o f N Y
V
Owns
B r is to l, England ; two N ova Hoot!a to New York and one to Rookport,
la r g e p o w e r plant, lo c a t e d o n 1st A v e ., b e t w e e n 8 8 th an d 8 0 th S treet m,
Mass., tVc.; and one from Faya) (Azores), to Canso (Nova Heotla). ono
rnm) f’ ayal (Azores) to Ireland; t o t al cables l 3 ,0 0 0 miles, Jan. ), 18 9 7 , r V. 6 9 , p. 7 0 l; V, 6 8 , in 10 2 5 ; V. 7 0 , p. 2 8 3 , 4 8 2 . HtoeU, $ 4 5 ,2 0 0 ,0 0 0 ,
D
p r a c t ic a l ly all o w n e d b y C o n s o l. G a s C o. V. 7 2 , p. 1038.
f osl al Telegraph Cable Co. was purchased and its stock o f $1 5 ,0 0 0 ,0 0 0
B o n 08.- The first. 5s of 1808 (authorized Issue $15,000,000) are se
m f W exchanged, $ for $, for 4 p. 0 . bonds. The first m ortgage covers
i
su the property and leases and also the stocks owned of the various cured oy a first Hen on the com pan y’s now p ow er plant and Other prop
o o m p a n le s controlled see V. 6 4 , p, 9 5 1 ; V. 7 2 , p. 5 3 5 . Postal Go. Dec. | erty and pledge of various securities; list see V. 08, p. 773, 824, 1025.
m)
UtfYESTOBS
1 38
SUPfMMENl
LVOL. L X X V
Bonds—P rin cfINTEREST OR D IVID EN D S.
Date Size, or
pal,W hen Due,
A m ount
of
Par
For explanation of colum n Leadings, &c., see notes on
R ate Per When WLere Payable, and by Stocks—Last
Bonds Value. Outstanding
first page o f tables.
Cent.
Payable
Whom.
Dividend.
MISCELLANEOUS.
Consolidated Gas (N. Y.)—(C oncluded) ■N ew A m s’dam 1st cons. M., gold, $20,000,000. _Ce.c*<fcr
Central U nion Gas, guar. p. & i., N. Y . & E. R — C e.c*
No. Union Gas, 1st M., $1,500,000, g., n ot g u a r .K . ..c*
Standard Gas Light, 1st m ortgage $1,500,000, g o ld ...c
Consolidated L a ke Superior— Com. stock, $82,000,000...
Preferred stock, 7 p. c. non-cum ., $35,000,000...............
Consolidated Tobacco—Stock, $ 3 0 .0 0 0 ,0 0 0 .....................Coll, trust M , gold, $158,000,000 (see text).M o...c*<fer
Consol. Water Go. o f TItica—1st M., g., $ 2,500,000.C o...c*
Consolidation Goat—Stock.........................................................
1st M., $750,000, g.,sin k , fd., red. each Jan. at 1 0 5 . 0 . . .
Continental Tobacco—Stock, com m on, $50,000,000..........
Stock, pf. (as to assets and div.) non-cum ., $50,000,000
G old debentures, $2,000,000 (V. 70, p. 3 3 1 )....................
Corn Products—Common stock, $50.000,000......................
P ref. stock, 7 per cent, cum., $30,000,000 ......................
1898 l.OOO&c
1897
1,000
1897
1,000
1890
1.000
100
....
100
100
1901 50 &c.
1,000
1899
100
1897
1,000
....
100
....
100
1900 100 &c
100
100
....
U n a ss u m e d B o n d s o f A l l ie d C o m p a n ie s .
Nat. Starch, deben, g., s. f., $8,000,000, call 1 05 .U s m . 1900
___
U nited States Sugar Refinery, gold, 1st m ortgage —
N at’ l Starch M fg. Co., 1st M.., gold (sinking fund) Ufa 1890
N. Y. G lucose Co. 1st M., $2,500,000, g., s. f. See text. 1901
Crucible Steel Go. o f Am er.—Pref. stock, 7 per cen t cum
St. Clair Furnace, 1st M., g., p & i. guar. (e n d J .E P i.c * 1901
St. Clair Steel, 1st M., gold, guar., $ 2 ,2 5 0 ,0 0 0 .IJ P i .c* 1901
Clairton Steel,M ., g .,p . & i. g u .,d u e $ 5 0 0 ,0 0 0 y ’rly U P ! 19v 2
1,000
1,000
1,000
T ext.
100
1,000
1,000
1,000
The 4s o f 1899 are secured b y a purchase m oney lien on the form er
Ed. E lec. Ilium , prop erty, subject to bonds o f 1890 and 1895, and by a
second m ortgage lien on the rem aining p roperty o f the consolidated
com pany.—V . 72, p. 939, 1038.
(3) NEW YORK MUTUAL GAS LIGHT CO.
In corp ora ted in N ew Y ork Apr. 17, 1866, under special charter.
Stock, $3,500,000, o f which over a m ajority, it is understood, is held
in the interest o f the Consolidated Gas Co. P ar o f shares, $100.
D iv id e n d s — >
1894 to 1897. 1898. 1899. 1 9 0 0 .1 9 0 1 . 1902.
Since 1893, p c. 5
9 yearly.
8
7
3
9
9
1901, Jan., 4 p. c., Ju ly, 5 p. c.; 1902, Jan., 4; July, 5 p. c.
(4 ) STANDARD GAS LIGHT CO.
Organized in 1886. Owns 160 m iles of gas pipes north o f 13th St.,
N ew Y ork. The Consolidated Gas Co., it is understood, ow ns a tw othirds o f the stock, w hich is $5,000,000 com m on and $3,721,100 pref.
V . 70, p. 1099.
D IVS—
’91.
’ 92. ’ 93. ’ 94. ’ 95. ’ 9 6 . ’ 9 7 . ’9 8 . ’9 9 .’00.
1901.
1902.
Com. % ....................................
1
4
5 8
5
0
June, 2 June, 3
Pref. % .. 3% 1*2 4
4
5^ 4^ 6 8
6
2*3
6
June, 3
In June, 1901, dividends on com m on stock were resum ed, and he
preferred increased to a 6 per cen t rate. V. 72, p. 1241. Office, Third
A ve. and 49th St., N. Y . - V . 71, p. 1273; V. 72, p. 1241.
(5) UNITED ELECTRIC LIGHT < POWER CO OF NEW YORK.
fc
In Jan., 1900, C onsolidated Gas interests w ere officially stated to be
in con trol. Common stock, $4,000,000; cumu. pref. stock, $2,000,000.
C o n s o l . G a s o f P i t t s b u r g . —S e e Pittsburg in S t . R y . S u p p .
C o n s o l.L a k e S u p e r .—Seep.171.—C o n s o l. Bee.—See Am.Ice Co.
C o n s o lid a t e d R a i l w a y L i g h t i n g
K e fr ig e r a t in g C o.
—In corp ora ted in New Jersey in Mar., 1901, to take over, per plan
V. 72, p. 677, the Consol. R y. E lec. Lighting & E quipm ent Co.
(see S u p p . Jan., ’01, and bal. sheet, V .7 2 , p. 578; V. 74, p. 328), Safety
Third R ail Co. and th E uropean Ry. R efrigeratin g Co , and control
in addition the ch loride o f ethyl system o f ’ ear refrigeration. Stock
authorized, $22,00i ,000; outstanding, $17,500,000; par o f shares,
$100; $1,400,000 was to rem ain in the treasury fo r future require
ments. F actory at D erby, Conn. No bonds. D irectors, Y. 74, p. 632.
Pres., Issac E. R ice; Y ice-Pres. and Gen. Mgr,, 8. Marsh Y oung. Baliance sheet o f Dec. 3 1,1 90 0 , V. 72, p. 578 - ( V. 74, p. 154, 208, 329,632.)
C o n s o lid a t e d R u b b e r T ir e C o—See page 171.
C o n s o lid a t e d T o b a c c o C o .—O r g a n i z a t i o n — In corporated in
N ew J ersey on June 5 ,1 9 0 1 , and acquired the greater part o f the com
m on stocks o f the A m erican and Continental T ob acco com panies and
through them con trol o f the Am erican Cigar Com pany, Y. 72, p.
1 13 8,1 1 90 . V . 72, p. 1282. See B o n d s below . In Sept., 1901, the com
pany, or its officials, arranged to acquire, for about $4,000,000, the
£ 4 0 0 ,0 0 0 stock and £ 60 ,00 0 4 ^ per c- nt debentures o f the O gden’s,
Lim ited, o f Liverpool, England, m anufacturing cig a re tte s —V. 73, p.
618, 724. In D ec , 1901, tha Jasm atzi cigarette works o f Dresden,
Germ any, were p u rch a sed —(V. 73, p. 1359.) T ob acco com binations,
Jan., ’02, V. 74, p. 270. English com petition, V. 74, p. 480, 632, 777.
The H avana Co., form ed in May, 1902, as a consolidation o f the
Cuban tob acco com panies, is con trolied in the same interest. Y. 74, p.
1141.
S t o c k & B o n d s .— Stock, $ 3 0 ,0 0 0 ,0 0 0 ; all paid in; par of shares, $ 1 0 0 .
The bonds are issuable on ly to acquire com m on stocks of Am erican
and Continental T obacco com panies at the rate o f $ 2 0 0 in bonds for
$ 1 0 0 o f A m erican T ob acco stock and $ 1 0 0 in bonds fo r $ 1 0 0 o f C o n ti
nental T obacco, and are secured b y stocks of those com panies a c
quired, upon which, as also other propert.\, they are a lien.—V. 73, p.
339. B alance sheet o f Aug. 3 1 , 1 9 0 1 , V. 73, p. 662.
O f f i c e r s .—Jam es B. Duke, President; Thom as F. R van, First V icePresident; J. B. Cobb, Second Vice-President; C. K . Faucette, Third
V ice-President; W illiam R. Harris, Treasurer; C. S. Keene, Secretary.
D irectors. V. 72, p. 1 1 3 8 .-(V . 74, p. 530, 632, 682, 729, 777, 1141.)
C oiiM olld ated W a t e r C o. o f U tic a , N. Y . —In corp ora ted in
N ov., 1899, and by purchase of existin g properties acquired con trol of
practically all the water available for city o f U tica, N. Y. V. 69, p.
9 5 6 ,1 0 6 4 . Stock, co nm on, $1,500,000; pref., 5 p. c. non cum ., $1,000,000; par o f shares, $100. Pres., Geo. L. R ecord .—(V. 69, p, 1347.)
C o n s o lid a t io n C o a l C o .—In corp ora ted in 1864. Baltim ore &
Ohio R R. ow ns $3,810,000 stock. Coal mined in 1901, 1,685,384 tons;
in 1900, 1,166,810 tons. Owns $1,500,000 stock o f Cumberland <
&
Penn. R R . (which see) and guarantees its $1,000,000 bonds.
D i v i d e n d s since 1883: fo r 1884 and 1 8 8 5 ,1 ; for 1886, V, for 1887,
l ^ ; fo r 1888, 2*4 ; from 1889 to Feb.. 1902, inclusive, 2 p. c. yearly.
E a r n i n g s .—F or 1 9 0 1 in V . 74, p. 724. P res., C. K . Lord; Sec. and
T reas., T. K. 8tuart, 44 South St., B altim ore, Md.—(V. 74, p. 7 2 4 .)
C o n tin e n t a l C o tto n O H .—S e e S u p p l e m e n t f o r J u ly , 1 8 9 9 .
C o n tin e n t a l T o b a c c o C o .—Incorporated D ec. 1 0 ,1 8 9 8 , under
the law s o f New Jersey. A cquired b y purchase the entire business
and assets o f the leading m anufacturers oj plug chew ing tob acco, in
cluding with others D rum m ond T ob acco Co., St. Louis, Mo.; Liggett &
M yers T obacco Co., St. Louis, Mo.; p lu g business o f A m er. Tob. Co.
and $3,000,000 P. Lorillard Co. ooumiou stock.—See V. 69, p. 745; V.
71, p. 54S* 1168. A lso has acquired $1,581,100 ol $2,000,000 Lorillard
preferred stock at par in exch an ge fo r its 7 per cent gold deben
tures. V. 70, p. 331, 1051; V. 71, 646. J oin tly with A m erican To
b a cco Co. con trols the Am erican Snulf Co.—pee statem ent of latter, o f
whose capital stock the tw o cos own $10,000,000, together with $7,000,000 o f $10,000,000 stock o f A m erican Cigar Co.—V. 70, p. 533.
The $5,000 000 A m erican C igar Co. 4 p. c. gold notes are guaranteed
Jointly and severally by the Continental and Am erican T obacco com
panies. See V. 73, p. I D 3; V. 72, p 1037. In D ec. 1901, the Wilson
& M cCallay T obacco Co. o f Ham ilton, O., was acquired.—V. 73, p. 1359.
$9,635,000
3,250,000
1,250,000
1,362,000
72,150,100
23,214,400
30,000,000
156,4 66,800
2,100,000
3 0,250,000
508,000
48,844,600
48,846,100
1.581,100
44,514,425
27,085,530
5
5
5
5
g.
g.
g.
g.
J. & J.
Jan. 1, 194$
New Y ork Office.
J.
J. N .Y.,H .B. H ollins & Co. July 1, 1927
M. & N. N. Y .,H .B .H ollins & Co. N ov. 1, 1927
M. & N. N. Y ., M erc. Trust Co.
May, 1930
7 in 1901
Q .-M .
Checks mailed.
J ’ne 16,’02,1%
4 g.
5 g.
2 in 19u2
4 ^ g.
See text.
7 in 1901
7 g.
F. & A.
J. & J.
Feb. 1
J. & J.
Q .- J .
<4—JA. & 0.
Q .- J .
Q -J .
N. Y ., M orton Trust Co.
N. Y ., Contin. Trust Co.
N. Y ., Guaranty Tr. Co.
do
do
N .Y., Manhattan Trust.
do
do
Baring, M agoun & Co.
Aug. 1, 1951
Jan. 1, 1930
Feb. 1, ’02, 2%
Jan. 1, 1922
July 2, ’ 02,212July 2 , ’02, 1 \
Apr. 1, 1905
.........
4,137,000
5 g. J. & J.
778,000
6 g. J. & D.
6 g. M. & N.
3,002,000
2,500,000
4 g. M. & S.
25,000,000 7 in 1901 Q .-M .
3.000,000
5 g- F. & A
2,250,000
5 g. J. & J.
4,000,000
fc
5 g. J. < J.
N. Y., Cuyler, M. & Co. July 10,’02,13*
N. Y ., U. S. Mtg. & Tr. July 1, 1925
June, ’0 int. paid July Dec. 1, 1921
N .Y., K ean,Van C.<te Co. May 1, 1920
..............
8ept. 1, 192G
J ’ ne 28,’ 01,13*.
Checks mailed.
N. Y ., Colon. Tr.<fe Pitts. Aug., 1910-39
Union Tr. Co,, P ittsb’g Jan., 1904-25
July, 19u4-’ 13
do
do
S t o c k .—A p r . 2 1 , 1899, increased the com m on and preferred stocks
from $37,500,000 to $50,000,000 each. V. 68, p. 670, 771. In July*
1 9 0 1 ,9 9 per cent in interests o f the com m on stockholders agreed to
exchange tneir holdings for a like am ount o f collateral trust 50-year
4 p. c. gold bonds o f the Consolidated T obacco Co., w hich see above.
D i v i d e n d s .— On pref., Oct., 1899, to July, 1902, at 7 p. c. per annum.
D ividends on com m on, 2 p. c.,fJan. 27, 1902; A pril, 2 ^ ; J u ly 2 ^ .
R e p o r t .— R eport for year ending D ec. 3 1 ,1 9 0 1 , with b alan ce sheet>
w as in V. 74, p. 575, showing:
Y ea r—
Met earn'*.
Div. on pref.
Div. on com.
Surplus.
1901............$7,600,740 (70/o) $3,419, '2 2 (2%) $976,922 $3,204,696
1900............ 4,480,858 (7%) 3,419,122
................
1,061,736
O f f ic e r s .—President, Jam es B. Duke; 1st V ice-P res.. Chap. E. Halliwell; 2d V ice-Pres., Frank H. Ray; 3d Vice-Pres., O. C. Dula; Treas., H.
D. K ingsbury; Sec., W. H, M cA lister. N. Y. otfice. I l l F ifth A v e .—
(V. 73, p. 447, 1210, 1266, 1359: V. 74, p. 530, 5 7 5 .)
C o rn P r o d u c t C o .— O r g a n i z a t i o n .— In corporated in N tw Jer
sey on Feb. 6, 1902, and acquired, p er plan, V. 74, p. 329, 381, the follow iu g interests in the com panies whose tota l capital stock and d iv i
dend paym ents w ere as b elow indicated (par value o f shares, $100).
Company—
Capital
stock.
y ew co.
owns.
Glucose Sugar Refining Co., com .$24,027,300 $21,280,300
7 per cent cumulative, pref _ 13,63^,300 12,86^,400
_
National Starch Mfg.Co., co m ... 2,595,W O 2,445,8'K)
O
6 per cent cumulative, pref .. , 4,028,300 3,651,m )<
>
Ulin- is Sugar Refining C o...........
r 50,000
.
750,000
120,<>00
120.<-00
Charles Pope Glucose C o............
N.Y. Glucose Co. ($2,000,000 pf.)
2,500,000
1,225,00
The only bonds outstanding are snown at top o f patre.
------/
Dividends.-------
’97 ’98 ’99 ’0* ’01 ’02
0
V4 6 6 5^ 1
IH 7
7 /7
Incorp’d ( ..
May, ’U . » 1}^ 0 ’ ?
O
Not known.
The Glucose Co. was organized in 1897 (see V. 65, p . 3 ‘27; at>plication to N. Y. Stock E xchange, V. 67, p. 1263, and V. 73, p. 960);.
the National Starch Co. was a consolidation in 1900 o f the National
Starch Mfg. Co. with other properties, and w as said to do about 90 per
cent of the starch business o f the country; plan and list o f p la n ts V.
70, p. 742); Illinois Sugar Refining Co. V. 73, p. 496; N ew York Glu
cose Co. V. 72, p. 393. The allied interests have a ca p acity o f 203,.
000 bushels of corn daily. Cuyler, Morgan & Co. are interested.
Official statem ent show ing securities, plants, rights o f stock, etc., V.
74 p. 1086.
Stock authorized, com m on, $50,000,000; pref., 7 per cent cum ., $30,000,000; about $2,000,000 o f each class to rem ain in the treasury, to
gether w ita any amounts n ot used in exchange.
D i v i d e n d s .— First quarterly dividend on pref., 13i p. c., paid July,
1 0,1 90 2 . V. 74, p. 1310.
B o n d s .— The bonds of con trolled com pan ies h ave n o t been assumed
but the interest and sinking fund charges are payable from their
earnings before any dividends can be paid.’ on their stocks. Of th e Na
tional starch d- ben tures, $3,778,000 are reserved to retire bonds of
Nat. Starch M lg. and U. S. Sugar R efinery com panies. Of the New
Yrork G lucose 4s, 4 per cen t o f each bond ($40) is retirable Sept. 1
yearly, beginning 1902, but the bonds are n ot subject to call. V. 74,
p .1 0 8 6 . The interest due June 1, 1902, on the U. S. Sugar Refinery
bonds was paid in July. Y. 74, p. 1310; V. 75, p. 79.
E a r n i n g s .— Earnings o f Glucose Co. applicable to dividends for year
ending July 31, 1901 (report V. 73. p. 722), w ere $2,123,640; o f the
N ational Starch Co. fo r 1900, $548,239.
O f f i c e r s . Pres., C. II. Matthiessen; Y ice-Pres. and Chairman E x e c
u tive Committee, W. J. Calhoun; Sec., E dw ard L. W em ple; Treas,,
Benjam in Graham. D irectors, V. 74, p. 530. H eadquarters, Chicago,
111.; N. Y. office, 25 B road S t ,- (V. 74, p. 1310; V. 7 5, p. 79.)
( W m .) C r a m p «fc S o n s ’ S liip
E n g in e R u i l d i n g C o .—Incor.
In Penn, in 1871-72. V. 71, p. 234. Stock. $5,000,000; outstanding.
$4,*48,000; par $100. First M. gold 5s of 1899, $1,425,000 (interest
M. & S.), due Mar. 1, 1929, but su bject to call $25,OoO yearly at 110
for a sinking fund. (Fid. Ins. Tr. & Safe Deb. Oo. o f >liila., trustee.)
V. 67, p. 1310; V. 68, p. 383. Tne stockholders w ill shortly vote
on a proposition to issue 5 per cent first consolidated M. bonds (probablv $5,500,000 in amount), convertible into stock at par to pay for re
cently acquired properties and im provem ents thereon, the retirement
of the $1,425,000 fiisc 5s and the $400,000 m ortgage on the machine
shop property. V. 74, p. 729, 990, 1198.
D iv id e n d s .— > ’92.
’93. ’94. ’95. ’96. ’ 97. ’98. ’ 99.’00,’01.
’ 02.
P ercen t.
5 8& 20so. 10 18 7 None. .. I 1
* 5 5 5 In.J’e,2^
D ividends payable Q.-M. 15 at Philadelphia office.—(V. 67, p. 1112.)
R e p o r t —R eport fo r 1901-2 in V. 74, p. 1194, show ed $8,202,096
gross, over 7 per cent ($385,236, against $291,772 in 1900-01) earned
on stock; $24,730,874 orders on hand. D ividends paid, $242,400, 5
p. o.; surplus, $ 1 4 2 ,8 3 6 .- (V. 71, p 1169,1313; V .7 2 ,p . 1 3 9 ,4 4 0 , 1 1 3 4 ;
Y. 74, p. 729, 990, 1142, 1 1 9 4 , 1198.>
C r u c i b l e s t e e l C o . o f A m e r i c a . —O rg a n iza tio n .—I ncorporated
on July 21, 1900, uDder the la w s o f New Jersey to consolidate 13 proper
ties, including the Park Steel Co , etc., nam ed in the prospectus, V. 71,
p. 32, claim ed to represent about 95 per cent o f the output o f crucible
steel in the U. S See also V , 73, p. 842. Stock authorized, common,
$25,000,000; pref., 7 per cen t cum., $25,000,000; par, $100. No bonds.
Owns entire stock and guarantees bonds o f Clairton Steel Co., which in
June, 1902, absorbed the st. Clair Steel and St. Clair Furnace compa
nies See V. 72, p. 8 2 4 .1 2 8 5 ; V. 73, p .3 9 4 , 447, 618, 841; V. 75, p.
32. D ividendson pref., Deo., 1900, to June, 1902, 7 p. o. y ’rly. (Q-M.J
R epo r t .—R ep ort fo r year ending Aug. 31, 1901, was in V. 73, p.
841, showing: Net earnings, $3,4^0,438; other incom e, $ 30 ,8 6 1 ; div.
on p ref stock (7 p o ), $ ',7 5 0 ,0 0 0 ; div. on outside holdings, $ 5 /6 300; Park Steel Co. pref. stock (7 p c.). $40,311; b a l , sur , $1,730,956
J u l y . 1902 I
MISCELLANEOUS
STOCKS
AND
BONDS.
159
Bonds—JrriA*oiINTEREST OR DIVID EN DS.
Size, o r
pal,W hen Dne.
A m ount
Par
Rate per When Where Payable, and by Stocks—Last
F or explanation o f colum n headings, &c., see notes on
Bonds Value. Outstanding
Whom.
Cent. Payable
first page o f tables.
Dividend.
M IH OE L L A N E O U 8 .
Date
of
Cumberland Telephone & Telegraph—Stock, $10,000,000..
1st m ort.. $1,000,000, gold, s. f. (other bonds see te x t).
D enver Gas & Electric—1st cons > M., gold (see te x t).C o .
1.
D enver Union Water Co.—1st m ortgage, $8,000,000, gold
Detroit City Gas—Stock, $5.000,000.......................................
P rior lien m ortgage, $6,000,000, g o ld .C o .
-----c*
D etroit Gas consol. 1st m ort. for $4,500,000, g G .-.c& r
Diam ond Match.—Stock, $15,000,000, list, in Chic & N .Y .
D istilling Co. o f A m erica—Common stock, $ 50,000,000..
Preferred stock, 7 per cent, cum ulative, $ 35,000,000..
Am. Spirits M fg., 1st M., g., call at 105, s.f., 5 % . J la .c*
Coli tr.M ,g., $ 5 ,000 ,000 ,^ o p a y . yrly .,ca ll a tp a r. ^Ie.c*
N e w S e c u r it ie s to b e I s su e d U n d e r P l a n .
$
1898
1899
1894
...
1898
1893
....
1895
1901
$9,105,400 6 in 1901
1.000
910.000
5 g.
1.000
2.400,000
5 g.
100&C.
7,500,000
5 g.
50
2*2 in ’01
4,*30,500
1,000
5,055,000
5 g.
1,000
365,000
5 g.
100 15,000,000 10 in ’OL
100 44,*76,118
100 29,502,973
1,000
1^872,960
0 g1,000
3,580,000
5 g.
Stock, all o f one class, $32 500,000 .......................... ........
Col. trM ., $16,000,000, g., con v. call 105 aft. 1908 (text) 1902
100
D om inion Coal—P ref., 8 p. c. (see text, p, 169)...................
1st m ortgage, sinking fund—see te x t.N B .......................... 1893 500 &c.
......
D om inion iro n < Steel—1st M ., g., $8,000,000, s.f.,see tex t 1899
&
E d ison Electric Illu m in atin g—See K in g s C o . E l e c . L ig HT & P o w e r .
100
Electric Storage B attery—Pref.stk., cum., $5,000,000, te x t
100
Electric Vehicle Co.—Com m on stock, $ 11,000,000............
100
P referred stock, 8 per cent, non-cum ., $ 9 ,0 0 0 ,0 0 0 ......... . . .
1,000
M ortgage, subject to call at par, sinking f u n d .U n ....... 1901
N ew m ortgage, $ 2 ,2 5 0 ,0 0 0 .M o ........................................
100
Empir e Steel & Ir o n —Stock, com m on, $5,000,000..............
100
Preferred stock, 6 p er cent, cum u lative......................—
1,000
Equitable III. Gas L. Co. o f FhUa.—1st M.g., red .a t 1 05.N 1898
32,475,840
......
16,000,000
5 g.
3,000 000
8 w
2.589.500
6
8,000,000
5 g.
AND Co v SOL . G a s C o .
4,500,000 See text.
10,450,000
8,125^000
2 in Ap
See tsxt.
6
bee text.
6
2,280.000
2,370.000 3 in 1902
7.126,000
5 g.
Q -J .
J. & J.
M. & N.
J. & J.
M. & N.
J. & J.
F. & A.
Q.—M.
Checks m a llei.
N. Y ., W ashington Tr.
N ov., 1901, int. last pd.
N .Y. Fourth Nat. Bank.
Checks maiLed.
N. Y ., Em erson, McM.
N. Y ., Guaranty T r Co.
B y ch eck fr. N. Y. office.
M. & S. N. Y ., Manhat. Tr. Co.
J. & J. N, Y ., Merc. Trust Co.
J & J. Boat., Am . L. & Tr. Co.
M. & S. New E ngland Trust Co,
J. & J. Bank o f M ontreal, Can.
OF N. Y.
Checks m ailed.
Q .- J .
N. Y ., 100 B roadw ay.
ril, 1900
do
do
M. & N.
M. & N. N. Y ., M orton Tr. Co.
July 1 . ’02,
Jan. 1. 19X8
M ay 1, 1949
J u ly 1, 1914
May 1 5 ,’0 1 ,2 ^
Jan. 1, 1923
Feb. 1, 1918
J ’ne 12,’0 2 ,2 ^
Sept. 1, 1915
Jan. 1, 1 9 1 L
19‘ 7
Jan. 1, ’02, 4%
Mch. 1, 1913
July 1, 1929
J u ly 1, ’02, 1H
Dec. 2 9 /9 9 ,2 %
Apr. 1 6 /0 0 ,2 %
A pr. 30, 1904
J. & J.
Checks m ailed.
Ju ly 1, *02, Ha
J. & J. N. Y . Security & Tr. Co. Jan. 1. 1928
President, R euben Miller, Pittsburg, Pa.; Treas., Julius B eiler, | com panies, $1,657,850. B alance sheets o f p roprietary cos., V. 73, p.
Pittsburg, Pa. Directors, June, 1902, V. 74, p. 119:$.—(V. 73, p. 1359; 898. R eport fo r 6 mos. ending Dec. 3 1 ,1 9 0 1 , w ith consolidated b a l
ance sheet, w as in Y. 74, p. 3 2 4 / show ing net earnings o f constituent
Y. 74, p 1092, 1198; V. 75, p. 32.)
C u m b e r l a n d T e l e p h o n e 6c T e l e g r a p l i . —O rganized in K en com panies, $939,437, against $339,448.
tu ck y in 1885. and operates under perpetual and exclu sive license
D i r e c t o r s .— Samuel M . R ice. President; E. F. C Young, Samuel
from A m erican B ell Telephone ! -o through the entire States o f Mis W ooloer. Wm. F. H arrity, W alter s . Wilson, E dson B ra d ley.C lia ilesF .
sissippi and Louisiana, the greater parts o f Tennessee and K entucky, A yer, John M . A therton and A lvin W . Krech; Secretary, Thom as H .
Wentworth.. E x ecu tiv e Com m ittee: A lvin W. K rech, Wm. F. H arrity,
and a fe w counties in Indiana and Illin ois- Am. Belj Telep & Teleg.
5 M. R ice, E dson B radley and W alter S. Wilson. Office, 27 W illiam
Co. ow ns $3,898,680 o f the stock. Subscribers Jan. 1, ’02, 75,492.
The directors in Dec., 1901, authorized an increase o f 25 per cen t in St., N. Y .—(V. 74, p. 1310, 1359; Y. 75, p. 32, 79.)
the stock to p rovid e fo r extensions and im provem ents during 1902,
D o m i n i o n C o a l C o .—D o m i n i o n I r o n A S te e l.—See page 171.
raising the outstanding stock to $9,356,400. the new stock b ein g sub
E d is o n E l . 111. o f B r o o k l y n .—See K i n g s C o . E l . L. & P o w e r .
scribed fo r at par b y stockholders, payable In fou r instalm ents—on
E d is o n E le c tr ic I llu m in a t in g : C o . o f N e w Y o r k .—See N. Y .
Jan. 25, Apr. 1 and J u ly 1, 1902, and Jan. 1, 1903. (V. 73, p. 1315.)
D iv id e n d s .— From 1892 to 1897, b oth inclusive, 4 p c; 1898, 5; 1899, G a s & E l e c t r i c L i g h t , H e a t & P o w e r ; a ls o A p r i l , 1 8 9 9 , S u p .
E le c tr ic B o a t C o .— O r g a n i z a t i o n .— In corp ora ted in N ew J ersey
6; 1900, 6; 1901 to July, 1902, 7 per an. ( 1 % p. c. quar.)
B o n ds . - These consist of $ Q10,000 first 5s (see table above); $239.- on Feb. 25, 1899, and acquired all o f the capital stock o f the
000 20-year deb. 5s (int. F& A ), due Feb- 1, 1920, but reneem aole at E lectric Launch Co., the H ollan d T orpedo B oat Co. and the E lectroar, issued fo r purchase o f P eople’ s T elephone Co. o f N ew Orleans; Dynam ic Co., etc. V. 69, p. 697, Par, $100. Issued, com m on, $4,999,150,000
E ast Tennessee Telephone g old 6s (int. J ^ J ). due J u ly 1, 600; pref., $1,745,000. Y. 69, p. 697. President. I. L. R ice, 100
Broadw ay.— (Y. 70, p. 178, 742, 999; V. 71, p. 32, 1271.)
191 c and $16,000 Ohio V alley Tel. gold 6s (int J & J ),d u e Jan. 1, 1908.
E le c tr ic C o. o f A m e r ic a .—O r g a n i z a t i o n .— In corp orated in Jan .,
E a r n in g s .— R eport fo r year 1901, in Y. 74, p. 1137, show ed: Gross,
$2,642,563; net a bove fixed charges, $638,063; dividends (6 p. c.>, 1899, in New Jersey. V. 68, p. 85. In 1899-00 purchased con trol o f
electric light plants in several cities, later selling som e o f them. See
$468,539; balance, surplus, $169,524. In 1900, gross, $1,884,014;
list, V. 70, p 943 ; V. 74, p. 325; V. 73. p .2 3 8 , 289, 495. Stock, $5,net, $515,561. General offices, N ashville, Tenn.—(Y. 74, p. 1 1 3 7 .
000,000, par $10 (being redu ced from $50 in June, 1902); o f w hich $4,D e n v e r G a s 6c E l e c t r i c . —See page 171.
080,712 issued. On Ju ly 2 i .1 9 0 2 , the rem aining $2 5u per share was
paid in, m aking the stock full paid, an extra dividend o f $ 1 5 0 per
h e a v e r U n i o n W a t e r C o .—See p. 171.
share bein g paid at the same tim e. Y. 74, p. 777, 832, 1310. U nder
D e t r o i t C it y G a n .—See p. 171.
lying bonds $84,000 C an ton -O .) Light, H eat < P o w e r Co. 6s and
fc
D e t r o i t U la c k . 6c IT C a rq u ette L a n d G r a n t . —S eep . 171.
$308,000 A uburn (N. Y .) gold 5s. V. 73. p 238, 495.
Dividends, 50 cents per share, each paid July, 1899, to Jan. 2 1,1 90 1 ,
D e t r o i t U n i o n R R , D e p o t . —See S u p ., O ct., 1397.—Y .69 , p. 494.
D i a m o n d M a t c h * —O r g a n iz a t io n , E tc .—Organized in 1889 inclusive <J.-J); July 3 1 ,1 9 0 1 , 25 cts.; Jan. 31, 1902, 25 ots.; J u ly 15,
1902, (extra dividend)
above). R eport fo r 1901 was In V.
under laws o f Illinois. Owns factories at Barberton, O., D etroit. 74, p. 935, show ing net$1 50 (see from operations o f $281,232.
earnings
Mich., Oshkosh, W is., O sw ego, N. Y ., etc.; also store p rop er
O f f ic e r s . -P re s id e n t, A . Loudon Snowden. D irectors, V. 7 4, p 886.
ties at Baltim ore and Philadelphia, and saw m ills at G reen B ay, Wis.;
Office, Land Title B ldg., Phila.—(Y. 74, p. 9 3 5 , 1041, 1199, 1310.
A thol, Mass.; Keene, N. H., etc., Miss., w ith exten sive pine stum page
E le c tr ic S to ra g e B a t t e r y .—In corporated in 1888 under laws o f
8ee list, V. 73, p. 135.
New Jersey, o w n s basic patents fo r storage batteries. (V. 69, p. 76,
D i v i d e n d s .—
> 1893.
1894.
1 8 9 5 .1 8 9 6 to June, *02
850.) A cqu ired in 18^9 about $4,000,000 stock o f E lectric V ehicle C o.
Since 1892, p. ct. S
20
10
2 1 i9
10 ( 2 ^ quar.)
St o c k , E t c .— Com m on, auth., $13,000,000; outstanding, $11,748,000
S t o c k .—Increased in 1895 to $11,000,000 (V. 59, p. 1058); in 1899
(pai $100). Preferred, 1 per cent cum ulative, see table. A fter 1 p. c.
$15,000,000. V. 69, p. 592.
on preferred, com m on and p referred share equally. On Jan. 2, 1901,
a n n u a l R e p o r t .—F or 1901 in Y. 74, p. 324, show ed net, $2,021,6 p. c. was paid on preferred in fa ll to Dec. 31, 1900; Aur., 1900, to
072; in 1900, $2,014,839; in 1899, $1,513,767. President, O. C. B ar Ju ly, 1902, both inclusive, 1 ^ p. c., quarterly. On com m on, A pe. 1,
ber; Treasurer, J. K. R obinson; Sec’ y, R. E. W irt; Aud., H. C Cranz.
1901, 1*4 p. e.; Ju ly l , 1*4 p. e.; Oct. 1, 1H p . c . ; 1 9 0 /, Jan., 1%
General office, 56 M ichigan Avenue, C hicago. N. Y. office, 27 W illiam
p. e.; A pr., l % p . c.; July, 1M p. c. In 1899 increased the com m on
St., N. Y .—(V. 73, p. 238, 495, 724, 1063; V. 74, p. 98, 3 2 4 , 381.)
stock from $8,500,000 to $13,000,000. $3,375,000 b ein g allotted to the
stockholders at par.—(V. 69, p. 76.) Statement fo r calendar year 1901
l M * t i ll I n g C o . o f A m e r i c a . —O r g a n iz a t io n .— In corporated in
New Jersey on July 11, 1899, under the law s o f N ew Jersey, and in V. 74, p. 677, show ed total net earnings, $900,243; dividends paid,
acquired control o f the A m erican Spirits Mfg. Co., K entucky D istil $812,413; bal., surplus, $87,829; tota l sur. D ec. 31, 1901, $2,208,269.
leries & W arehouse Co., Spirits D istributing c 0. and Standard D is
R e p o r t .— R eport fo r yea r ending D e c . 3 1 ,1 9 0 0 , in V . 7 2 , p. 5 7 8 .
tilling < D istributing Co. per plan in V. 68, p. 1224, A num ber o f rye President, H erbert Lloyd: Sec. and Treas., W alter G. Henderson, Phila.
fc
whiskey concerns, including H annfs D istilling Co., were acquired in D irectors, M ar., 1902, Y. 74, p. 632. Office, A llegheny A v e . and 19th
July, 1899 (Y. 69, p, 179. 494, 745). List o f constituent properties, bt., Phila., Pa.— (V . 7 3 , p. 9 5 9 ; V . 7 4 , p. 632, 6 7 7 .)
V. 73. p. 136; V. 7 i , p *15 In July, 1902, the Spirits Distributing Co.
E le c tr ic V e h ic le C o .—O r g a n iz a t io n . -In co rp o ra te d in 1897
was dissolved. V .7 4 ,p . 6 8 2 ,7 7 7 ,1 1 9 9 ; V. 75. p. 32, 79. In Nov., 1899,
It wa.* claim ed that three-fourths o f the K entucky whiskey x>roduct under the law s o f N ew Jersey. Y. 70. p. 1197, 1252; V. 71. p. 1169.
and about 85 per cent of the si>irit p rod u ct of the cou n try w ere con See V. 69, p. 850. As to financial status and investm ents in Sept.,
1901, see V. 72, p. 495.
trol led. V 6.y, p .9 5 7 . Independent distilleries, V. 74. p. 154.
S e c u r i t i e s .— A fte r 8 p. c . on com m on, dividends are to be divided
Sto c k , E t c .—Besides the stock o u t8 ta n d in g a 8 m ta h le a b o v e ,$ l,~
pro rata between the com m on stock and the p referred stock. Elec trio
850,8s2 com m on and $1,747,027 preferred held fo r exchanges of se
Storage B attery Co. in 1899 ow ned about $4,000,000 of stock. The new
on linen of constituent corajJanies
m ortgage secures, $^,250,000 bonus, o f which $1,675,000. it is under
R - a d ju st m e n t P l a n .—The preferred stockholders’ com m ittee (Rn- stood, will be issued on ly to take up the $1,675,000 issued early in
(hiipii Ellis, Chairman,) in June, 1902, form ulated a plan given In V. 1901, See V. 74, u. 98.
74, \ 1310, 1358, to adjust; the 21 per cent o f accum ulated dividends
>
R e p o r t .— R e p o r t f o r 8 m o s . e n d in g A u g , 3 1 , 1 8 9 9 , in V . 6 9 , p , 8 5 0 .
win h accrued on July 15, 19<»2, reduce the fixed charges from $ i D iv
A pril,
Qoo.OOo to $800,000 yearly and the total outstanding stock and bonds cent. id e n d s .— On preferred,8 j>. c. 1899, 8 per cent; A pril, 1900, 2 p er
On com m on, in 1899,
N one since.
fmiij $83,130,000 to $ 43 ,5"0,0 00 and “ reasonably assure the paym ent
President, George H. Day. E xecu tive Com m ittee. Philip T. Dodge,
of at least 4 per cen t per annum tbor-*after” on the reduced capital
H. M.
H. Day
d T h oe. J. Regan. F actory,
stock. The net current assets will be Increased from $ ' 3 ,0 «'0 ,0 uo to Conn B.ylloai>y, Geo. roadw ay.a nD irectors, u et., 1901, V. 73, H artford,
Office, 100 B
p. 9 59 .—
over $ 1 6 ,0 0 c.1 00, v liich latter will be available for the constituent (V. 74, j>. 98, 940.)
companies. The plan has been underwritten. In July, 1902, a major
E m p i r e S te e l 6c I r o n C o .—Incorporated in New Jersey on March
Hy o f both classes o f stock was deposited
A new com pany will be jfornurl. probably under the law s o f New J er 14, 1899. V. 68, p. 524. D ividends at rate o f 6 p. c. per annum, paid
)0<>; 1901, 3 p. o ; 1902, 3 p. o,; see V, 68,
sey, and will acquire at least a m ajority o f the present com pan y’ # July J, 1899, to inly 1, M
p. 920. Net earnings for 6 mos. ending June, 1902, partly estimated,
stork-*, and bonds, and will be authorized, to issue $32,500,000' stock
and %16.000.000 bonds, a shown In the table above. The, new bonds $224,502. Y 75, p. 32. Net Income for calendar year 1901, after de
will be secured by the deposit of the stocks aim bonds acquired, and ductions for extraordin ary repairs, $229,095; int. on Crane first mort.
will he redeemable at 105 after 1908 and con vertible at the option o f bonds, $11,874; sinking fund, $71,838; dividends on pref. (3 p. o.),
the holder into stock at par at any time w i t h i n 10 years after the dale $70,013; inti,, sur., $74.3 1 I.
i he G riskanv O nir o n C o,, org a n ized In J a n u a ry , 1902, to co n tro l
or the Lords, suitable provision to be made, for the issuance, o f such
Block for sue.ii con version Of the bonds $3,981,500 will be -ubaorioed 3 0 .0 0 0 a cre s o f m ineral la n ds. Is co n tr o lle d by the sa m e Interests. V.
74, p. 208. P r a c tic a lly the en tire sto ck o f I In’, C rane Iron W orks is
for at. par by the Holders o f the preferred stock, a bonus of 50 p r cent
o w n ed . A v e r a g e p rod u ction o f Iron. 725 tons d a lly In Mar., 1902, to he
in new stock being given therewith,
Increased to about. 1,050 on co m p le tio n o f repairs. Proson nt, Leonard
T tm§ o f Ext ha nge. —The basis o f exch an ge will, be as follow s:
E f h $1 O 0 0 p r i n r i p r / . l o f
New
Di
in g Qo, o f A m e r ic a com m o r s t o c k , ___ $ 1 7 0
»
do
do
do
p re fe rre d s to c k ,.,
700
do
do
5 p e rc e n t bonds.,
200
Am erican S p irits M fg, Co* 6 p. c. b o n d s ..................
I
I
New bond»
$210
1.000
l ,000
R e p o r t —Gross sale# o f co n stitu e n t co m p a n ies for year muling June
1-101, were $*<1,700,878. R e port for the ye&ir e n d in g J u n e 30,
1901, with b:i,!an<e sheet, profit and lo s s a c c o u n t , etc., was g iv en at
i , l l l f length in V. 73, p. 8 0 7 , s h o w in g n e t e a r n in g o f c o n s t it u e n t
Reekltr, < n LiHJiuqua, Pa.; 8 e c .,.l. J J I ItZgerald. Clltn >aU(jU.M, Pa. New
V. <
d ire cto rs. D ec., 1901, V. 73, p. 1210. tV. 7 l,p . 208, 530; V, 7 5, | . 32.)
>
Equitable G
jik
L i g h t ( o f N . V „ )-~SEE C o n s u l . G Aft G o .
E q u i t a b l e 111. Gn& U ^ l i l o l F h l l i i . —
*8oO page 171,
E fle Telegrap h A: T i lrplioin* (jo.—See Western Teh*phone S
a
T e lo g ra p h Go.
F e d e r a l S t e e l . —B e e tj» 8. STEEL COItPOIlA’ N.-
V . 7 2 , )». I 3 9 , 2M5, 44=0.
F i s h e r i e s C o .—Hoe page J71.
F u l l e r , G o o , A . <V C o . — V. 7 4 , p. 1 0 8 7 , 1 14 2.
160
INVESTORS’
SUPPLEMENT
[VOL. L X X V .
Bonds—P rin ci
MISCELLANEOUS.
INTEREST OR DIVIDEN DS.
Date Size, or
pal,^When Due.
A m ount
of
Par
R ate Per When Where Payable, and by Stocks— L ast.
F or explanation o f colum n headings, &c., see notes on
Bonds. Yalue. Outstanding Cent.
Payable
first page o f tables.
Whom.
Dividend.
Federal Steel—See U n i t e d S t a t e s S t e e l C o r p o r a t i o n .
General Chemical Co.—Common stock, $12,500,000.......
P referred stock, 6 per cent, cum., $12,500,000............
General Electric — Common stock, $45,000,000................... .
Debentures fo r Sprague stock, $2,150,000, g., red. text
Girard Point Storage—1st M., gu. p. & i. Pa. R R ................. r
Grand Rapids Gas Light—1st m ort., gold, call at 1 1 0 .Ce
Havana (Jo.— Bonds, $10,000,000, g o ld ................................
H oboken F erry—See N. Y . &' H oboken F e r r y .
H udson County Gas—1st m ortgage, gold, $10,500,000....
Illin ois Steel—See U n i t e d S t a t e s S t e e l C o r p o r a t i o n .
Internal Navigat.—Pref. stock, 8%, non-oum., $10,000,000
1st M., gold, $20,000,000, subj. to call tex t. F P .........c x
International P a p er—Stock, com m on, $20,000,000 ............
Pref., 6 % cum., $25,000,000 (underlying bonds, text)
,
1st con.M .,$10,000,000, g.TJs. red. af. ’07 at 105.conv.o*
Intern ation al Pow er Co.—Common ($7,400,000 a u th .)...
Preferred, 6 per cent, cum ulative. (V . 71, p. 137.) —
International Salt— Stock, $ 30,000,000 ...................................
M., g.,$ 1 2 ,0 0 0 ,0 0 0 ,U sm ,red . at 105, s.f.,$200,000 yrly.
International Silve?'—Stock, com m on, $11,000,000 ...........
Stock, preferred. 7 ner cent, cum ulative, $ 9 ,0 0 0 ,0 0 0 ...
1st M., $4,500,000; s. f., called at 110, beg. 1901. C o.c*
InternaVl Steam Pump G o —Com. stock, $15,000,000 —
Preferred stock, 6 per cent, cum ulative, $ 12 ,50 0 ,00 0..
W orthington, pref. stock, 7 p. c. cum. (see also te x t)...
H oll} M fg.,lstM .,$700.000,g.,gu p.&i.end ( Y .7 3 ,p .lll7 )
....
....
....
$100
100
100
1902
1890
1895
1902
1,000
1899
100 &c.
9,150,000
100
1,000
100
100
1,000
100
100
100
9 ,2 0 5 /0 0
13,686,000
17,442,800
22,406,700
9,303,000
5,047,000
600,000
See text.
See text.
9,944,700
5,107,500
3,640,000
12.262,500
8,850,000
2,000,000
579,9< 0
1899
___
....
1898
....
....
......
1901
100
_
_
100
1,000
1898
....
100
....
100
100
1901 100 &c.
G e n e r a l C h e m ic a l C o .—O r g a n i z a t i o n , E tc -In co r p o r a te d iD
N ew Y ork on Feb. 1 5 ,1 8 9 9 , as a consolidation o f tlie N ichols Chen ical
Co., N. Y ., James L. M organ & Co., N. Y. V. 68, p. 571. Official state
m ent show ing properties ow ned, rights o f stock, etc., Y. 74, p. 1093.
S t o c k —In Oct.. 1901, the preferred stockholders su bscribed to
$856,000 new preferred stock at par, raising the am ount outstanding
to $9,416,000, the proceeds bein g applied tow ards expen ditu res for
new plants and new con struction. Y. 73, p. 724.
R e p o r t .— Report fo r year ending Dec. 3 1 ,1 9 0 1 , with balance sheet,
in V. 74, p. 325, showed : Net profits, $1,358,347; charged off, $195,228; div., 6 p. c. on preferred, $520,400; div., 4 p. c. on com m on
$293,348; bah, sur., $349,371. On pref., Oct., ’99, to July, ’02, both
incl., 6 p. c. per an. (1 ^ Q.-J.) On com m on, 1900, 4 p. c.; 1901, 4 p. c.
(paid Q. M ); 1 p. c. payable quarterly on Mar. 1, June 1, Sept. 1 and
Dec. 1, 1902, out o f earnings o f year 1901.—(V. 74, p. 329 )
O f f i c e r s .— Pres., W illiam H. N ichols; Treasurer, Jam es L. M organ;
Sec., J. H erbert B agg, N. Y. 25 B road 8 t .- ( Y . 74, p. 1093, 1 0 9 4 ).
G e n e r a l E le c tr ic .—O r g a n i z a t i o n .— Organized under a special
charter o f N ew Y ork, Apr. 1 5 ,1 8 9 2 , and m anufactures outfits fo r elec
trie railw ays and all kinds of electrical supplies. In 1896 p ooled pat
ents with W estinghouse E lectric & M fg. Co. V. 62, p. 502, 6 35 ,10 4 0; V.
6 5 ,p. 151; V. 68, p. 1024. (See V. 68, p. 927).—V. 70, p. 689. Contract
fo r pow er, Y. 72, p. 583. In June, 1901, obtained con trolling interest
in B ritish Thomson H ouston Co., Ltd., o f London.—(V. 72, p. 1283.
St o c k .— Stock was reduced on Aug. 17,1 89 8 , 40 p . c., viz., from $34,712,000 to $20,827,000. V. 67, p 28, 125, 177, 319, 578, 634. Sub
stantially all the i>referred stock and debentures o f 1892 have been
exchanged for com m on stock. V. 71, p . 137, 1 01 5,1 1 22 ; Y. 72, p .
778; V 73, p. 339.
The capital stock was ^increased in 1902 from $25,242,200 to $45,000 ,000 , a 6023 per cent stock distribution to shareholders bein g paid
Ju ly 1 5 ,1 9 0 2 , restoring the 40 per cent surrendered in 1898; this re
quired $16,812,600 o f the new issue, leavin g $2,929,677 in the treas
ury. See V. 74, p. 729, 777, 1199, 1252; V. 75, p. 32.
D iv id e n d s .—D ividends on com m on stock July 15, 1899, to July?
1900, 1*2 p. c., quar. (6 p.c. per annum); Oct., 1900, to Ju ly, 1902, incl.>
2 p . c. quar., and in Jan., 1901, 1 p. c. extra. V. 7 1 ,p . 604, 1222.
D e b e n t u r e s — In July, 1902, it was prop osed to issue $ 2,1 59 ,0 00
3*2 per cen t 40-year debenture bonds, redeem able within ten years at
par andth ereafter at 105 in exchange fo r Sprague E le ctric Co. stock,
p er plan V. 75. p. 139.
L a t e s t E a r n in g s —F or 4 mos. ending May 3 1 .1 9 0 2 (V. 75. p. 137),
total earnings, $10,685,633; surp. over oper. expenses, dividends, etc..
$2,283,921; total surplus M ay 31. 1902, $17,571,062.
A n n u a l R e p o r t .— Fiscal yea r ends January 31. A nnual meeting
is held the second Tuesday in May. R eport fo r 1901-02, with balance
sheet o f Jan. 3 1 , 1902, was given at length in Y . 74, p. 881, 889; see
editorial, p. 852.
Deduct—
190?.
1901.
Year end.Jan.31— 190<.
;>
1901.
Income—S ales..$32,338.037 $28,783, 7«
Royalties, etc.
111,391
29^,860
Int. and div....
4=34,^50
32>\943
Sale o f secur.,Ac. 938,685
s 19,007
Total.
..$33,852,3(53 $29,829,652
$7,410,300 4 in 1901
9,416,000
6
42,031,600 8 in 1901
See text.
3^g.
2,214,000
3*2
1.225.000
5 g.
7.500.000
5 g.
Op. exp.&taxes..$25,264,122 $23,585,860
Int. on d eben t...
42,310
240,040
B alance 1901-02, as above, $8,555,931; div. on p ref. stock (7%)>
$83,689; div. on com . stock (8%), $1,871,968; bal./*, sur., Jan. 31,
1902, $6,600,274. Cash May 3 1,1 90 2 , $4,658,113; notes and accounts
receivable and w ork in progress, $12,530,694; stocks, bonds, .real
estate, etc., $10,199,233; accounts payable, etc , $971,374.
O f f i c e r s .— President, C. A. Coffin; Treasurer, H enry W. D a rlin g;
Sec., M. F. W e sto v e r; N. Y . office, 44 B road S t —(V. 75, p. 80, 137 )
G lu c o s e S u g a r R e f i n i n g Co —See C om P roducts Co. and Y.
74, p. 329, 382.
G o ld «fc S to c k T e le g r a p h C o .—See WBGfcRBN U n io n T e l e g r a p h .
G r a m e r e y S u g a r C o .—SeeV.68,p 232;V ,tf8,p.393,986; V 73.p 960.
G r a n d R a p i d s G a s -L i g h t C o .—See A k er . L ig h t & T r a c t io n .
G rea t L a k e s T o w i n g C o .—O r g a n i z a t i o n .— In corp orated in New
Jersey on July 6 ,1 8 9 9 , as a consolidation o f tow b oa t com panies along
the G reat Lakes. See V. 69, p. 79, 593; V. 72, p. 778. Stock author
ized, com m on, $2,500,000; pref., 7 per cent non-oum.. $2,500,000. Is
sued Apr., 1901, $1,675,000 com m on and $1,852,850 preferred. Par
o f shares $100. In 19007% div. on pref. was paid; in 1901, Feb. and
M ay, none; Aug., 1901, to M ay, 1902, 7 p. c. yearly (Q.-F. 20). Pres,
and Treas., T. F. Newman; Sec., M. II. Ward well, Cleveland, O .—(V.
73, p. 187.)
G . H . H a m m o n d C o .—V. 71, p. 664; V. 73, p. 1210; V. 74, p. 329.
H a r r i s o n B r o t h e r s & C o .—V. 73. p. 393, 447;
H a v a n a C o m m e r c ia l C o .—See H avanna T ob a cco Co.
H a v a n a T o b a c c o C o .—O r g a n iz a t io n .— In corp orated in Now
Jersey on May 2 «, 1902, and acquired per \lan V. 74, p 1142 control of
the H avana Com m ercial Co., the entire stock of the H. de Cabanas y
C arbajal and con trol o f “ Henry Clay and B ock & Co..” thus com bin
ing over nine-tenths of the high-grade tob acco products o f Cuba. Con
trolled b y the same interests as the A m erican and C ontinental Tobacoo oom p .nies.
The H avana Com m ercial Co. was organized in N ew J ersey in M ar.,
1899, and m anufactured and exported H avana cigars and Cuban leaf
tob a cco (also ow n in g tob a cco lands), its ca p acity being said to exceed
100,000,000 cigars annually. See V. 68, p. 926; V. 71, p. 545; V. 72,
p. 482. B alance sheet of Deo. 31, 1899, was in Y. 70, p. 840. Cabanas
y Carbajal, organized March, 1902, V. 74. p, 480; H enry Clay and
Book & Co.. V. 74, p. 1141, 1142; U niversal T ob acco Co., V. 74, p. 271.
Stock authorized, com m on, $30,000,000, pref. 5 per cent non-cum ,
New York, 25 B road St.
do
do
Check from Co.’s office.
Int. from Aug. 1, 1942
Philadelphia.
N. Y ., E. M cM illin & Co.
June 1 /0 2 ,1 %
July 1 /0 2 , lL j
July 15/0 2,2%
Aug. 1, 1942
Oct. 1, 1940
Feb. 1, 1915
19*2
5 g. M. & N. N.J.T. Gu.&Tr. Co.,J.C. N ov. 1, 1949
4 in 1901 J. & J.
B y check.
o g. F. & A. N. Y ., C om pany’ s office.
Checks mailed.
6
do
do
Q .- J .
6 g. F. & A.
N. Y „ Met. Tr. Co.
See text. Q,—F.
...
Q .- F .
6
Providence, R. I.
New Y ork.
5g.
See te x t Q .- J .
6 g. J. & D.
4 in 1902 Q. J.
6 in 1901 U. F.
7 per an. M. & N.
5 g. J. & J.
July 1 /0 1 , 2%
Feb. 1, 1929
July 1, ’99, 1%
July 1 / 0 2 , 1 ^
Feb. 1. 1918
May 2 0 /0 2 ,2 ^
M ay.20/02,8!2
Oct. 1, 1951
N. Y ., Cont. Trust Co. Ju ly l", ’02, 1%
N. Y .,T .& P ., 71 B ’ way. D ec. 1, 1948
July 1, ’0 2 ,1 %
N. Y ., Of., 26 B ’dway. Aug. l / 0 2 , l i 2
N. Y ., Guarantv Tr o. May, 1902, 3 ^
N .Y .,C t.K eal.B .& T .C o. Jan. 1, 1921
$5,000,000. Bonds, $10,000,000 tw enty-year gold 5s, o f w hich $2,500,000 to rem ain in the treasu ry—(V. 75, p. 80.)
H a w a i i a n C o m m e r c ia l & S u g a r C o .—(Y. 74, p. 429.)
H e r r in g -H a ll-J T Ia r v ln C o .—Seep. 171.
H u d s o n C o u n ty G a s .—O r g a n i z a t i o n — In corp orated in N. J. in
Oct., 1899, as a con solid ation o f J. C. Gas L. Co., P eoples’ Gas L. Co.
o f J. C., H udson County Gas. L. Co., the Consum ers’ Gas Co. of. J. C.
and B ayonne & G. Gas L. Co.—Y. 69, p. 80, 796. Stock, $10,500,000,
m ostly ow ned b y Unit. Gas. Im pt. Co. Of the 5s, $600,000 are re
served to take up May 1, 1904, Consumers’ Gas W orks 1st 6s; and
$750,000 reserved fo r future requirem ents. N et profits fo r year end
ing Dec. 31, 1901, over interest and fixed charges, w ere $115,008.
President, E. F. <\ Y oung; Treas., Lew is Lillie; Sec., Percy S. Y oung.
- ( Y . 69, p. 957; Y . 74, p. 580.)
I n t e r n . A u t o m o b i l e & V e h ic le T ir e —See p age 171.
I n t e r n a t i o n a l N a v ig a t io n C o .—O r g a n i z a t i o n , ETC.—Incorporated in N. J. on June 6, 1893. Owns R ed Star and Am erican Ik es
o f steam ships betw een New Y ork, Philadelphia, Southam pton, L iver
pool and A ntw erp. Bonds fo r $6,314,000 reserved fo r new property.
Loan is subject to call at par after 1909 and a sinking fund o f $250,000 to $500,000 w ill retire b onds annually, beginning M ay 1, 1905.
The $579,000 6 p. 0. bonds were called fo r paym ent on A ug. 1, 1902.
V. 75, p. 138. See V. 68, p. 1076. First div. on p ref., 2 p. c., July, 1900;
in 1 9 0 L, Jan., 2 p, c.; July, 2 p c.: 1902, Jan., none. Common stock
is $5,000,000. In July, 1902, consolidation with other steamship lines
w as pending. Y. "4 , p. 887.—(V. 74, p. 778. 887; V. 75, p; 138.)
in t e r n a t i o n a l N ic k e l C o .—See page 171.
I n t e r n a t io n a l P a p e r .—In corp ora ted Jan. 3 1 ,1 8 9 8 , and took
over b y purchase tw en ty five o f the principal pulp and paper m ills of
the U. S., see V. 67, p. 428 and V. 69, p. 494; also applications to list
in V. 67, p. 1359, ana V. 68, p. 726. D aily output o f finished paper
about 1,500 tons. See prospectus in Y. 66, p. 288 and V. 67, p. 177,
also official statem ent V. 69, p. 281. The Continental Paper B ag Co.*
a m ajority o f w hose $5,000,000 stock is ow ned, has built a fa cto ry
at R um ford Falls, Me.; its capacity was being increased in Oct., 1901,
from 5,000,000 to 10,000,000 bags daily.—Y. 70, p. 742; V. 69, p. 494,
908; V. 73, p. 786. The A m erican R ealty Co., organized in 1901
to handle som e 250,000 acres of land in Maine belonging to the In ter
national C om pan y, has m ade a m ortgage for $500,000.—Y. 73, p. 392.
D i v i d e n d s .— On p ref., J u ly ,1898, to July, 1902, in clu sive, 6 p.c. yearly
(1 ^ quar.) On Dec. 31, 1898, paid on com m on. 1 p. c.; in 1899, 2
p. 0.; none since to D ec.. 1901.—Y. 69, p. 593, 957; Y. 72, p. 1037.
B o n d s .— The consolidated m ortgage o f 1 8 9 8 covers all p rop erty
subs qu^ntly acquired, as w ell as that ow n ed when the m ortgage w a s
made. Of the underlying bonds m entioned b elow , bonds are reserved
to take up the Glens Falls and Otis Falls issues, viz.:
$1,500,01 > Hudson River Pulp & Paper Co. 6s, assumed, subject to call at 105,
u
in whole or in part, Jan. 1 or July ), o f auy year after u<07; Glens Falls Paner
Mill, assumed, laSo.OOO^Otis Falls Pulp Co , assumed, $847,000; Remington Pa
per Co. bonds, assumed. $*11,000; C, R. Remington & Sons Co., $50,000; Olcott
Falls Co. bonds, #389,000.
The first m ortgage purchase m oney gold bonds issued b y the Inter
nation al Co. since its form ation for properties acquired are:
Bonds—
Bal.for div.,5 c.$25,296,432 $6,003,762
.
Q .-M .
Q .- J .
Q .-J.,15
F. <fc A.
A. & O.
F. & A.
Interest.
Where paid.
OuisVinc.
M aturity.
M"S N.Y. .Met.Tr.Co. $270,000 Sept. 1 ,’ 13
Ontario Paper, 1st M.........
fig. F -A
do
do
350,00) Feb. 1 ,’ 18
Rum f’rd Falls Sulphite 1st M. 6g, J-J
do
do
350,000 July 1 ,’18
Piacataquis FaHs Piipcr, 1st
<0
j
do
161,500 Aug. X,’ 18
M., S. £ ....
. . ..
....
3
R e p o r t .— R eport fo r year ending June 30, 1901, in V. 73, p. 390:
Fiscal
Gross
Cost raw ma- Interest,
Dividends.
Balance,
year.
incom e, teri >ls, m fg. etc. taxes, et*\ (6%) on p r e f.
surplus.
1900-1 $20,711,902 $16,750,245 $907,267 $1,344,402 $1,709,988
1899-0. 18,707,635
15,581,759
842,302
1,344,402
939,172
In June, 1900, entire floating debt was paid off. V. 70, p. 482.
O f f i c e r s .— President, H ugh J. Chisholm; First Yice-President, F.
H. Parks; Second Y ice-P resident, T. T. W aller; Treasurer, A. N. Bur
bank; Sec’ y, E. W. H yde. 30 Broad St., N. Y .—(V. 73, p. 845, 1163.)
I n t e r n a t i o n a l P o w e r C o .—O r g a n i z a t i o n .— In corp ora ted in
N ew Jersey on Jan. 14, 1899, as the International A ir P ow er, and
name changed in Mar., 1899. In 1899 purchased plants o f Rhode
Island L ocom otive W orks, (sold in 1; 01); A m erican W heelock En
gine Co. o f W orcester, Mass., and about June, 1900, acquired Corliss
Steam Engine W orks o f P roviden ce, R. I. V. 68, p. 671. First mort.
bonds, 4s, $200,000, due 1919, were issued on K. I. Loo. Wks. and
Amer. Wheel. Eng. Co. and $140,000 m ortgage on Corliss plant. Divi
dend on preferred, 6 p. c. for 1899, was paid M arch 15, 1900; on May
15, 1901, 6 p. o. for 1900 and 1 ^ p. c. for first quarter of 1901; 1902*
M ay, 6 p. c., and
p. c. for first quarter o f 1902. First dividend on
com m on 2 1 p. c., paid May 20, 1902. See official statement, V. 70, p.
s
432. On A pril 30, 1902, ow ned * 3 ,2 ’ 1.300 preferred and $661,300
A m erican L oco m otive Co. com m on stock and $75,425 each of com
m on and preferred Amer. Diesel Engine Co. stock. R eport o f publio
accountants for year ending Dec. 31. 1901, with balance sheet o f
A pril 30, in V. 74, p. 1132, snowed total net incom e (including interest
on A m er. L ocom otive stock ow ned, etc.), $292,796; interest, $47,328;
div. on pref. stock (6 p. c.), $36,000; bal., sur., $209,468. Pres., Jo
seph H. H oadley. 78 Broadw ay. N. Y. Directors, June, 1901, V. 72, p.
1240.— (V. 72, p. 9 3 9 /1 2 4 0 ; Y. 74, p. 8 3 2 ,9 4 0 , 1 1 3 7 . )
I n te r na tlo n a l S a lt
C o. - O r g a n iza tio n .—Incorporated
in
New Jersey in A ug., 1901, and In Nov., 1901, had acquired a majority
of the stock o f the National Salt Co. (see page 161; and R etsof Mining
Co., per plan V. 73, p. 724.
S t o c k , E tc .—Of the $30,000,000 stock, $11,350,000 was to be used
with $7,500,000 bonds to acquire the stock and bonds of the
National and R etsof com panies, so far as m ay be, and $7,400,000 stock
J u l y , 1902.J
MISCELLANEOUS
m i b c e l l a n e o u b T_____________
For explanation of column Leadings, &o., see note
first page o f tables.
STOCKS AND
161
BONDS
Bonds—Princi
INTEREST OR DIVIDENDS.
Size, or
pal,When Due*
Amount
When
of
Par
Outstanding Rate Per Payable Where Payable, and by Stocks—Last
Cent.
Whom.
Bonds Value.
Dividend.
1 Date
Kings Comity Electric Light < Power—Stock, $2,500,000.
£
1897
1st mortgage, gold, $2,500,000.C o l ...........................
1898
Purch. m oney M., gold, secured by Ed. stock, & 0..C
Edison El. 111., cons. M., now 1st. $10,000,000, g .M o.c* 1898
- - _.
Laclede Oas Light—Common, $8,500,000.............................
Preferred stock, 5 per cent, cum ulative........................
1st M., g. (There are also $125,000 Car. Gas 6 s ).C e .c ‘ 1889
1901
Coupon notes, gold, $500,000.......................................
| ---Lehigh Coal < Navigation—Stock, $14,366,650...........
£
1864
1867
1867
1871
1884
Collateral trust for $1,500,000, g old ............................. o ' 1895
Fd. & im. M ., $7,500,000, g. (ser.“ A ,” $2,085,000) P I P c * 1898
1875
Lehigh < Wilkesbarre Coal—Con. M. gu., ext. In 1 9 0 0 ."
£
1 8 88
5s of 1912, sinking fund (not drawn). F P ................
Se e R
Louisville Bridge Co. and Louise. < Jeffer. Bridge (
&
Maryland Coal—Stock, preferred (no b o n d s )..............
___
Mergenthaler Linotype—Stock.......................................
Mexican Telegraph—Stock.................................................
Monong. Eiv. Cons. Coal <•Coke—Com. stock, $20,000,000
£
Preferred, 7 per cent, non-cumulative, $10,000,000......
1st mortgage, $10,000,000, gold, s. f., see t e x t -P P i. c* 1899
$100
1,000
1,000
1,000
100
100
100 Ac.
100 Ac.
50
Various
Various
500 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
$2,500,000
2,500,000
5,176,000
4,275,000
8,500,000
2,500,000
1 0 ,000,000
500,000
14,366,650
5,000,000
1,992,833
1,842,500
2,470,750
3,686,000
1,500.000
1,760,000
12,175,000
2,691,000
6 in 1901
5 g.
6 g.
4 g.
4 in 1901
5 in 1901
5 g.
5 g.
6 in 1901
4*2
4 g.
4 g.
7
4^2 g.
4 hi g.
4 g.
412
5
AILROA D C o m p a n ie s.
100
100
100
50
50
1,000
Q .-M .
A. A O.
A. & O.
J. A J.
M. & S.
J. A D.
Q .-F .
M. A N.
Q .-J .
Q .-F .
J.15AD.
J. A D.
Q .-F .
M. A S.
J. A J.
Q .-M .
M. A N.
N. Y., Colonial Tr. Co.
N. Y., Central Trust Co.
N. Y., Morton Trust Co.
N. Y..H .B.H ollins; St.L.
do
do
do
do
Philadelphia,
do
do
do
do
do
do
do
do
do
Office.
do
do
do
do
do
do
do
do
do
June 2,’ 0 2 ,1 %
Oct. 1, 1937
Oct. 1, 1997
Jan. 1, 1939
Mch. 15,’02,2%,
J ’ne 16,’0 2 ,21
*
May 1, 1919
Feb. 1, 1911
May 27,’02.3%
July 1, 1914
A pril 1 ,19 14
June 15,1914
June 1, 1911
May 1, 1924
Sept. 1, 1905
July 1, 1948
June 1, 1910
Nov. 1, 1912
1,885,005 5h3in ’ 0 ‘ •1.30AD. New Y ork, 1 B’dway. July 1 , ’0 2 , 2^3
1 0 .000,000 138>1901 Q .-M . N.Y., 1 1 4 Tribune Bld’ g J ’ne 30,’02,2^2
1.912,600
10
Q .-J . N. Y., Office, 37 Wall St. July 15,’ 02,213
20,000 000
9,965,000 7 in 1902 J. & J.
Checks mailed.
July 15,’02,3h!
9,479,000
6 g. A. A O. Union Tr. Co., Pitts., Pa. Oct. 1, 1949
to be issued for expenses of organization, providing $1,000,000 Junction, Pa., 105 miles, with branches, 60 miles, and leases for 999
working capital, etc. The remaining $11,250,000 stock, with $4,500,- years Nesquehoning Valley Railroad, 17 m iles; Preskow Railroad, 7
000 bonds, are reserved, and m ay eventually, if deemed best, be used miles; other lines, 1 7 miles ; total, 206 miles, o f which 115 miles double
to purchase the stock, properties or securities of Canadian, Porto track s; but all these roads are leased fo r 999 years from 1871 to Central
Rico, Great Britain and m inor U. S. salt com panies, etc. Underlying of New Jersey R R ., rental being 33 43 per ce n to f gross earnings, with a
bonds, $280,000 Hutchinson-Kansas Salt Co., due Jan. 1,1912, and minimum rental of $1,414,400. Delaware DU). Oanalis leased for 99yeare
any unexchanged bonds of Retsof Mining Co., being 5s due 1925 of an fr o m l 866 at interest on the bonds and 4 p. c. on stock, paid as rental.
issue of $2,500,000. United Salt Co. of Ohio trust certificates (form,
B o n d s . —General M . of 1 8 8 4 covers, subj. to prior bonds, 7 ,4 6 0 acres
Y. 72, p. 286) are in default, contract with that Co. being in litigation. coa l land, 4 8 miles canal and 1 6 1 miles railroad; bonds are reserved t o
(See V. 74. p. 678.) Pres.,E. L Fuller; ~ec. and Treas., M. M, Belding retire all prior issues. Ground rents and m ortgages, $ 1 2 3 ,6 6 5 .
Jr. Office, Scranton, Pa.—V 73, p. 1163; V. 74, p. 330, 382, 940.
As to collateral trust bonds o f 1895, see full statement. (V. 61, p. 154.)
For m ortgage o f 1898, see V. 66 , p. 1139 (under “ Del. Div. Canal” ),
I n t e r n a t i o n a l S i l v e r . —O r g a n i z a t i o n , E t c .— Incorporated in
also V. 67, p. 125; $2,085,000 were issued July 1 ,18 98 , by the trustee
N ov., 1898, under the laws of New Jersey and acquired control of
silver-plating properties—see list in V. 67, p. 1160; also V. 68, p. 232, to retire $480,000 Del. Div. Canal 6 s and for other purposes, but o f
334, 1024. In 1899 estimated output about 55 or 60 per cent these $910,000 iu Jan., 1902, were reserved in the treasury to pro
of the total silver-plating output in the U. 8. Also has a large ster vide for floating debt and working capital. V. 70, p. 428.
ling silver output. Bee application to list in V. 68, p. 334, as to rights
Jointly and severally with Cent. RR. o f N. J. guarantees $1,062,000
of stock, plants, etc. V. 67, p. 1160; V. 68, p. 1024; V. 71, p. 5 4 5 . Div. Leh. A Hud. R iver Ry. gen. 5 s,p rin . and int. (V. 67, p. 788.)
on pref., 1% p.c., paid A pr . ’00; in ’01, none; in ’02, Jan., 1 p.c ; A pr., Drvs. since 1889 1 ’ 91 ’92 ’ 93 ’ 94 ’95 ’96 ’97 ’ 98 ’ 99 1900 ’01 1902
1 p. c.; July, 1 p. c. Underlying bonds, $127,600 Holmes & Edwards, P e rce n t.............. 5 5 5*3 6 4=5 4
4 4
4
4 5=j 6 M a y,3
1st 6s; Rogers & H amilton, W aterbury, $30,000; M iddletown Plate,
In 1901, May, 3 p. c.; Nov. 3 p. e.; 1902, May, 3 p. c.
$8,000.
A n n u a l R eport .—R eport fo r 1901 was in V. 74, p. 527. Coal pro
Report for year ending Dec. 3 1 ,1 9 0 1 , with bal. sheet in V. 74, p.774,
showed net earnings, $614,934; int. on bonds, $223,392; div. on pref. duced in 1901, l,fa05,495 tons; ’ 00,2,098,890 tons; ’ 99, 1,807,733 tons.
stock (1 p. e.), $ 5 1,075; depreciation written off, $113,551; bah, sur.,
Year ending Dec. 31. 1901
1900.
1899.
1898.
$226,916, Pres., Samuel D o d d ; Treas., Geo. M. Curtis; Office, 11 From ra ilro a d s.......... $2,157,088
$1,926,175 $1,878,224 $1,504,20©
Maiden Lane, N. Y .—(V. 73, p 1267; V. 74, p. 7 7 4 .)
10,734
7,403
6,089Canals........................... def 9,077
I n t e r n a t i o n a l S t e a m P n m p C o .— O r g a n i z a t i o n .— In co rp o Net profit on Leh.Coal
201,09 6
500,462
139,060
156,891
rated on Mar. 24,1899, under the laws of New Jersey as a consolida Miscellaneous ..........
225,822
186,339
179,435
192,602
tion of five companies estimated to do 90 per cent of the steam pump
business of the country, exclusive of high duty engines. Official state
Total receipts........$2,574,929 $2,623,709 $2,204,123 $1,859,782
ment in V. 68, p. 723; V. 72, p. 673; V. 71, p. 5 4 5 ; rep ort Y. 75, p. i-2. (nt.,rentals, taxes, A c.S l,325,365
$1,317,799 $1,299,610 $1,300,432
In June, 1902, the com pany was building a new factory at H arrison, Dividends.......................(6)860,799 (5hs) 789,066 (4)573,866 <4)573,866
N. J., to cost over $1,000,000. V. 74, p. 1311; V. 75, p. 82.
B a la n c e ...................... ..sr.388,764 si’. 516,843 sr. 330,647 def. 14,516
St o c k .— Div. on pref. Aug. 1 ,18 99 , to Aug. 1,19 02 , Doth incl., 6 p.c
Sinking fun d..........
87,077
97,576
83,802
87,709
per annum,
Q. J.; on common, July, 1901, to July, 1902, incl. 1 p. c. D epreciation...............
100,000
100 000
......... .
..
uarterly; also 4 p. e. from year 1901-2, payable quarterly, beginning - ( V . 7 2 , p . 3 8 9 , 4 4 0 , 5 7 9 , 7 7 8 , 9 3 9 ; Y . 7 4 , p . 4 2 9 , 5 2 7 . )
nly 1. The stock unissued is set apart to retire the $2,000,000* 7 p.
I i e M g l i A W i l k e s b a r r e C o a l . — C o n tr o lle d b y C e n tr a l R R . o f N e w
c. cumulative preference shares of H enry R. W orthington Co. and
£188,300 6 per cent debentures and £100,000 8 per cent preference J e r s e y a n d o w n s 2 8 ,9 0 9 a c r e s o f a n th r a c ite c o a l la n d s a n d h o ld s 2 ,8 4 7
shares of the Blake & K nowles Co. As to H olly Mfg Co bonds, see a d d itio n a l a c r e s u n d e r le a se . I t o p e r a te s th ir te e n c o llie r ie s a n d le a se s
V. 73, p. 1117. Report for year ending Mar. 31, 1902, given in full in a b o u t 4 ,0 0 0 a c r e s o f it s c o a l la n d s t o v a r io u s o p e r a t o r s . V . 7 1 , p . 2 6 .
V. 75, p. 82, showed net profits, $1,510,486; dividend on preferred
S t o c k .—$ 1 0 ,0 0 0 ,0 0 0 , o f w h ic h $ 9 ,2 1 2 ,5 0 0 o u ts ta n d in g , $ 8 ,1 2 4 ,6 5 0 o f
(6 p. c.), $531,000; interest, etc., $245,234; div. on com m on (4 p .c .), th is b e in g o w n e d b y C e n tr a l E E , o f N . J ., c o n t r o l o f w h ic h w a s a c q u ir e d
$490,500; b 1., sur., $243,752. President, John w Ounn; Treasurer, b y th e R e a d in g R y . in J a n ., 1 9 0 1 . I n 1 9 0 1 m in e d , 3 ,4 1 4 ,7 3 5 to n s .
Max Nathan. Office, 114-118 Liberty St., N. Y. New directors, June,
B o n d s , E t c .—T h e c o n s o lid a t e d (n o w first) m o r t g a g e o f 1 8 7 5 is f o r
1902, V. 74, p 1255.—(V. 73, p. 1114; V. 74, p. 1255, 131 1; V. 75, p. $ 1 5 ,0 0 0 ,0 0 0 ; th e b o n d s , o r ig in a lly 7s, m a tu r e d in 1 9 0 0 a n d w e r e e x
7 6 , 82.)
te n d e d a t 48 > p e r c e n t in te r e s t , b o t h p r in c ip a l a n d interest- b e in g g u a r
I r o n S t e a m b o a t . —Seepage 171.
a n te e d b y e n d o r s e m e n t b y th e C e n tr a l R R . o f N . J . T h e b a la n c e
u n is su e d is a v a ila b le f o r im p r o v e m e n ts , e to . T h e C e n tra l R R . o f N . J .
J e f f e r s o n A C l e a r f i e l d C o a l A I r o n . —See page 171.
h o ld s in its tr e a s u r y $ 4 ,4 3 2 ,0 0 0 c o n s o ls a n d $ 2 ,3 5 3 ,0 0 0 in c o m e B
K a n s a s C it y , M o ., G a s C o .—Organized in April, 1897, In b o n d s , $ 8 ,8 3 4 ,3 3 9 5 s o f 1 9 1 0 a n d $ 8 1 1 ,0 0 0 o f th e $ 2 ,6 9 1 ,0 0 0 5 s o f
Missouri and acquired all the property, franchises, etc., o f the Kansas 1 9 1 2 . See V. 71, p. 2 6 , 39<>.
City Gas and Missouri Gas companies. Capacity of 4,000,000 cubic
F is c a l y e a r to e n d J u n e 3 0 . R e p o r t f o r y e a r e n d in g D e c . 3 1 ,1 9 0 1 ,
feet a day; 257 miles of main pipe; meters in use March, 1900, 21,120. w a s in V . 7 4 , p. 7 2 4 . s h o w in g : G ro s s e a r n in g s, $ 1 2 ,5 7 6 ,2 4 7 ; n et, $ 1 ,Capital stock, $5,000,000: par, $100. Bonds outstanding, $3,942,000 5 6 7 ,3 6 9 ; in te re st, $ 1 ,4 6 9 ,1 8 8 ; s in k in g fu n d c h a rg e s , $ 1 0 0 ,1 0 8 ; h a h .
due April 1, 1922, subject to call
Interest is payable
f old 5s, at N. Y. office of Guaranty Trust at 105. M. & N. in London. d e f., $ 1 ,9 1 8 .— V. 7 4 , p . 5 7 6 , 7 2 4 .
. & O.
Co. or
L o u i s v i l l e B r i d g e C o . — L o u . A J e f f e r s o n B r i d g e . — See R R s
Report for year endtm/ April 30, 1902, V. 75, p. 28. Net, $304,428;
M a d i s o n S q u a r e G a r d e n .—S ee p a g e 172.
in t, $197,100; bal., $107,328. Pres., Hugh M cG ow a n .- (V. 75, p. 2 8 .)
K i n g s C o u n t y F l e e t H e L i g h t & P o w e r . —T h is c o m p a n y , o w n
M a n h a t t a n B e a c h H o t e l A L a n d C o .—Bee page 172.
ing a n e w p o w e r s ta tio n on th e w a t e r f r o n t in B r o o k ly n , a n d o th e r
M a r s d e n C o .—See p a g e 1 7 2 .
p e r ty in th a t b o r o u g h , a c q u ir e d in 1 8 9 8 , p e r p la n in V. 6 7 , p. 4 8 2 ,
M a r y l a n d C o a l C o .—C o n tr o ls 6 ,0 0 0 a c r e s o f la n d in A lle g h a n y
e n tir e $ 5 ,0 0 0 ,0 0 0 c a p it a l s t o c k o f th e E d is o n E le c t r ic Illu m in a tin g
Co. o f B r o o k ly n . T h e K in g s C o u n ty C o. th e r e fo r e h as c o n t r o l o f afi *n d G a r r e t t c o u n tie s , M d. Stock .—P r e fe r r e d as in ta b le , a n d in a d d i
tion o ld c o m m o n , * 1 1 ,1 0 0 , a n d t r e a s u r y s t o c k , $ 1 0 3 ,8 9 5 . T h e la s t o f
the e le c tr ic -lig h t in g b u sin ess in B r o o k ly n —S ee V . 0 0 ,p . 1 7 7 , 95 7. T h e
th e b o n d s w a s p a id o f f In 18 97 . C o a l p r o d u c e d w a s : 4 1 5 ,3 0 4 to u s in
E dison C o, o p e r a t e s e n tir e c o m b in a tio n . V. 7 0 , p. 4 8 3 .
19 01 ; 3 2 1 ,5 5 8 to n s in 1 9 0 0 , 4 8 0 ,8 5 6 to n s in 18 99 . A n n u a l r e p o r t f o r
S e c u r it ie s .—T h e $ 5 ,1 7 8 ,0 0 0 p u r c h a s e m o n e y b o n d s a r e se cu re d
19 01 , w ith b a la n c e sh e e t, w a s in V. 7 4 , p .4 7 6 . S u rp lu s e a r n in g s In
by d e p o s it o f
$ 5 ,0 0 0 ,0 0 0 E d iso n s t o c k in tr u s t, b y a se c o n d
1901 o v e r in te r e st, e to ., w e r e $ 2 8 3 ,6 7 2 ; in 1 9 0 0 ,1 4 0 .3 3 5 ; in 18 9 9 .
m ortg a g e lien on the K in g s C o u n ty p la n t a s n o w o w n e d o r h e re a fte r
$ 1 5 7 ,2 4 8 ; d lv id ’ dH m 1 9 0 1 (5 *3 p. 0.) $ 1 0 3 ,6 5 3 ; sur. f o r y e a r , $ 1 5 0 ,0 1 9 .
acqu ired , an d b y $ 1 ,0 0 0 ,0 0 0 cash g u a r a n t y fu n d to b e in v e s te d in
D i v i d e n d s — ) ’ 0 3 , ’ 9 4 . ’ 9 5 . ’ 0 6 . ’ 9 7 . ’ 9 8 . '9 9 . 19 00 . ’ 01.
1902
•enm ities a p p r o v e d b y th e c o m m it t e e —se e V. 6 7 , p. 4 8 2 ,1 3 0 9 . A h to
Edison C o.’ s e o n sot. m o r t/g e . s e e V. 6 7 . p. 4 8 2 , 8 4 2 ; V. 7 1 . p. 4 9 3 , 86 8.
N e w p f., p . c . 5 2*s 3 8 j 48 i
5
4
4
7*u
6
5h) J u ly , 2»*
DIVIDENDS.—J u n e , 19 00 , to J u n e , 1 9 0 2 , 1 hi p. c. q u a r . (Q .-M .).
In 19 0 1 , J u ly 1, 2k) p. c .; D e o . 3 1 , 3 p. 0.; 1 9 0 2 , J u ly 1, 2 '.j p. 0.— (V7 4 , p. -17 6 .)
E a r n i n g s S ta te m e n t o f M ay 1 ,1 9 0 0 , V. 7 0 , p, 10 47 ; b a la n c e sh e e t
o f N'ov, 1 , V. 7 1 , p. I 2 I 8 . P r e s id e n t, A n th o n y V. B r a d y , T r e a s u r e r ,
M e r g e n t h a l e r L i n o t y p e . —L is te d In 18 08 , Report for 1900-01
A. W . D a t e r ; d ir e c to r s , J a m , 1 9 0 0 , V. 7 2 , p . 12 8 3 ; V. 73', p. 79 4.
In V 7 3 ,) ) , 1110, s h o w e d : T o ta l n e t p r o fits , $ 2 ,0 8 8 ,0 3 3 ; d iv id e n d s
K l i l i k n r b o r k i r f o e C o . o f C h i c a g o . —V. 74, p. 3 3 0 ,8 7 5 , 580.
( 1 2 ‘u j>. c ), $ 1 ,2 5 0 ,0 0 0 , S ta te m e n t a s to r iv a l o o ’ s, V. 6 7 , p. 37 1.
L a c l e d e G it s L i g h t . —O r g a n i z a t i o n . - I n c o r p o r a te d In 1 8 5 7 , an d
D i v id e n d s , ) 181)4. ’ 95. ’ 9 6 . ’ 9 7 . ’ 98. ’ 9 9 A ’ 00. ’ 01.
19 02 ,
1889 se c u re d c o n t r o l o f a ll the o th e r g a s c o m p a n ie s In St. L ou is, in
P e rce n t, 5 3
8
14>« 19
25 2 0 y ’ rly . I8*u la fll. J u n e , 5
196 the p r ic e o f g a s w as r e d u c e d fr o m $ ) 18 to $1 p e r 1 ,0 0 0 fe e t fo r
In M ar., J u n e a n d S e p t., 19 01 , o n ly 2bi p e r c e n t r e g u la r d iv id e n d s
Illum inatin g an d 8 0 c e n ts fo r fu e l g a s. Suits V. 0 6,p. 7 6 0 ; V .7 0 , p. 53 4. 1 w e re p a id , b u t In D ec. th e 3 hi I). 0. e x t r a d iv id e n d w a s p a id ; M arch
19 02 , 2=0 p. c.; .1 u no, 2 C p. o. - (V. 7 3 , p . 8 15, 1 1 1 0 , 1267.)
St o c k ,—$ 1,0 0 0 ,0 0 0 n ew c o m m o n s t o c k w as so ld In 1900-01 [r a is in g
the a m ou n t to $ 8 ,5 0 0 ,0 0 0 ] fo r Im p ro v e m e n ts . V. 7 0 , j>. 178.
M e x ic a n T e l e g r a p h . —C o m p a n y o r g a n iz e d In 1 8 7 8 1 n d er la w s o f
1
Drvs,— ,90. *91. 92. 93. 94. ’9.5 to Dec., ’ 97. 98. 99. 00. 01. 1902.
N ew Y ork S tate. iF aftttoablo from G a lv e sto n to T a m p ic o u n d V o r a O r iiz
7 3 8 m ile s ; la n d lin e, V era C ru z to M e x ic o C ity , 267 m iles. A ls o d ir e c t
cum. [- 2 0
6 5 6 7 (3 ‘a scml an.) 8
5 n 5 June,
Lorn., p. o . . ) 0
0 0 0 0
0
, 3 3 4
t Mar., 2
c a b le fro m G a lv e s t o n , T e x a s , to C o a tz a e o a le o s . M e x ic o , 8 2 5 m iles, d u p
lic a tin g tim M ex . T el. and C on. A Ho. A m . C o .'s G u lf c a b le sy ste m . O w n a
B o n d s .—Bee application to Stock Exchange In V. 49, p, 657.
2 ,1 2 5 sh a re s o f tim C o n tr a ! A Ho, A m . T e le g ra p h C o., w h ich sec.
AnnOa.i . R e p o r t . —Statement o f March 31.1900, with balance sheet,
D i v i d e n d s — In 1882 to 1 8 8 6 , 1nobis) vo. 8 p er c e n t y e a r ly ; from 1 8 8 7
was In V . 70. p. ]0 i7 . F or y e a r 1901 (In clu d in g C a rn n d elet B ra n ch ,
net namings were $1,054 ,870: 1n 1900, $968,855. Jan. I to May 31, to J u ly , 1 9 0 2 , both In clu s iv e , a t r a te o f lO p , 0. p er a n n u m (2tjt Q I.)
1902’ net, $169,51.5, against. $421,474 in 1901. New Y ork office, 40
E a r n in g s . C ron s e a r n in g s fo r y e a r I DO I, $ 1 0 8 ,2 6 9 ; n e t, $ 3 0 7 ,5 8 4 '
” all Street. -(V , 70, p. I u 4 7 ; V. 72, p. 53.5; V. 73, p. I II.)
ill v s., $ 1 9 1 ,2 0 0 . J. A, H cry m ser, P res., 37 W all HI., N. Y .— (V . 02, p . 6 8 2 . )
L e h i g h (Joa I * N b v I g u l l o i l . —Owns canal from Coalport to Kan- | M i l . A C l i l c . B r e w e r i e s , — V. 6 9 , p. 1290; V. 7 1 , p. 8 4 5 ; V, 7 4 , p, 99.
ton, Penn., 48 miles, and leases Delaware Division (.’anal, 00 miles,
M o n o n g o l i e ! a I t l v c r C o n s o l i d a t e , ! ( l o o 1 A < ;,,U e C o , —
Also owns Lelfigh A Susquehanna Railroad, Phllllpshurg, N. J., to Union Bee p a g e 172.
8
S62
INVESTORS’
SUPPLEMENT
[VOL. LXXV.
Bonds—P rinci
IN TEREST OR D IVID EN D S.
D ate Size, or
pal, When Due.
A m ount
of
Par
R ate per When Where P ayable, and by Stocks—Last
F o r explan ation o f colum n headings, &c., see notes on
Bonds Yalue. Outstanding
first page o f tables.
Cent.
Whom.
Payable
Dividend. %
MISCELLANEOUS.
N ational Asphalt—Collat. tru st ctfs., $6,000,000, g o ld ...
A sph alt Co. o f Am erica, col. trust ctfs., $30,000,000, g.
N ational Biscxiit—Common stock, $ 30,000,000.................
P ref. stock, 7%, cum ., $25,000,000. For bonds see text
N ational Carbon—Common stock, $ 5 ,5 0 0 ,0 0 0 ................
Preferred stock, 7 per cen t, non-cum ., $4,500,000..........
''Nat9 Enam eling & Stamping—Com. stock, $ 20 ,00 0 ,00 0..
1
P ref. stock, 7 per cent, cum ulative, $10,000,000..........
1st m ort., g., $2,500,000 auth., i 10 payable y ’r ly ...S S t
National Glass—Stock, $4,000.000..........................................
1st m ort., gold, $ 200 ,000 , payable N ov., yearly.T JP i.c*
G eneral m ort., $2,50o,000, g., s. f., d ’rn at 1 05 .U P I.C *
National Lead (Jo—Stock, com m on, $15,000,000 auth’d,.
Preferred stock (7 per cent, cum.) $ 1 5 ,0 0 0 ,0 0 0 a u th ___
St. Louis 8m elt’g & R efin’g, m ort., red. in 1905, g u J I e
N ational Starch Co.—See C o r n P r o d u c t s C o .
N ational Steel— National Tube—S e e U n i t e d S t a t e s S t e e
Newark Consol. Gas—N e w a r k G a s Is tM , $4,000,000—
C onsolidated m ortgage, $ 10 .00 0 ,00 0 ............................c*
New Eng. Cotton Yarn Pf. stock, ($5,000,000,7% cum.)
1st M., $6,500,009, gold. s. f. sub.}, to ca ll at llO .N B .c *
New EnaVd Gas < Coke—R eceiver’s certifica tes...............
&
1st m ortgage, $17,500,000, g old .C e ...................................
N e w Se c u r it ie s
to be
I ssu ed
under
1901
1899 $100&c.
ICO
....
100
....
100
100
....
100
....
100
....
1901
1,000
50
1899
1,000
1901
1,000
100
....
100
.....
1900
5 g. J. & J. July, 1901, int. lastpd.
fc
5 g. A. < O. Oct., 1901,int. last paid.
4 in 1901 Q.-J, 15 Chicago & New Y ork.
7 in 1901 Q .- F .
do
do
Jan. 1, 1951
Apr. 1949 1,
J u ly l5 ,’ 0 2 ,l%
M ay 31,’02,13*
7 in 1901 Q.-F. 15
Com pany’ s office.
See text. Q .- J . N. Y ., C olonial Tr. Co.
7 in 1900 Q .- J .
do
do
5 g. M. & 8 St. L. Tr. Co., St. Louis.
Aug.15,’02,1%
July l , 1 90 2,1
July 1, ’02,19*
Sept. 1, ’0 2 ,1 1
M. k N. Mellon & Sons Bk, Pitts.
M. < N.
fc
do
ao
March. N. Y ., 100 W illiam St.
Q .-M .
do
do
J. & D.
do
do
1902 to 1909
Nov. 1, 1921
M c h .1 ,’0 0 ,1%
J’ ne 16,’02,1%
June 1, 1920
6 g.
6 g.
1 in 1900
7 in 1901
5
Cor PO RATI ON.
...
1895
4,000,000
1,000
1898
5.274,000
100
....
5,000,000 7 in
1899
1,000
5,577,000
....
285,000
1902
1,000 abt. 16,900,000
1897
l
P lan.
C om m on stock, $15.000,000.................................................
Pref. (as to asst.) 4 p. c., cum ., $15,000,000 ..................
$5,988,520
2 9 ,4 3 /,2 5 5
29,236,000
23,825,100
5,500,000
4,500;000
15,411,800
8,396,600
2,250.000
2,250.000
1,600 000
See text.
14,905,400
14,904,000
50,000
....
100
100
15,000,000
15,000,000
Newark.
Q .- J .
6. g.
Apr. 1, 1944
5 g- J. & D. N.Y.,41 Wall & Newark. Dec. 1, 1948
1902 J . - J
Bos..Kid., P ea b od y& C oJ u ly 1, ’02, 3 ^
5 g. F. & A. Bost., N. Shawmut Bk. Aug. 1, 1929
5 g. J. & D. June, ’ 02, int. not paid. D ec. f , 1937
J. & D. Div. from Dec. 1, 1902.
............
R eport fo r 18 m onths ending June 29, 1901, was in Y. 73, p 336,
M o u n t V e r n o n - W o o d b e r r y C o t t o n D u c k C o . —See United
show ingnet, $1,127,506; dividends on pref., $817,06^, leavin g a surplus
States Cotton D uck Corporation.
o f $310,438; total surplus, $1,110,417. President, Fred’ k G. NiedringN a t i o n a l A s p h a l t C o . — O r g a n i z a t i o n .— In corp ora ted in New
Jersey on M ay 3 ,1 9 0 0 . V. 70, p. 897. In O c t , 1900, acquired control baus; Sec., Wm. H. Matthai; Treas., Jas E. Ingram . N. Y. office,
o f the Asphalt Co. o f A m erica, and other properties per plan V. 71, p. 81 & 83 Fulton St.—(V. 73, p. 239, 3 3 6 , 348, 496, 725, 1267.)
N a t i o n a l G l a s s C o . — O r g a n i z a t i o n . —In corp ora ted in Pennsyl
5 4 5 ,7 0 0 ; V .7 2 , p. 244, 286; see also Y. 73, p. 290.
vania on July 5 ,1 8 9 9 , as a con solid ation o f tablew are m anufacturing
R e o r g a n i z a t i o n .— On D ec. 28, 1901, H enry Tatnall and John M.
M a ck o f Philadelphia, w ere appointed receivers. In terest on bonds and Interests. V. 69, p. 61. F or list o f 19 com panies taken over N ov. 1,
1899, including the ten largest factories outside o f the U. 8. Glass Co.,
sin kin g fund paym ents o f both co.’ s are in defau lt—V. 74, p. 42, 730.
V. 69, p. 1015. Present cap acity, 678 pots. F or 8 outside concerns, ca
In Dec., 1901, ov er a m ajority o f the A sphalt of A m erica 5s and of
th e National A sphalt 5s com m on and p referred stock s had been d e pacity 280 pots, see V. 69, p. 1015.
B onds .—First m ortgage bonds o f1 « 9 9 are payable $200,000 yearly
posited with the follow in g com m ittees:
Nov. 1, in num erical order beginning with num ber one, at Pittsburg. Of
A sp h a lt o f A m e r ic a 5*.—H enry W. Biddle, Chairman; M ercantile
T ru st Co., N. Y ., and Com m ercial Trust Co of Philadelphia, deposi the general m ortgage bonds dated N ov. 1, 1901, $1,800,000 were
reserved to replace the first m ortgage bonds (including the $200,000
taries. See V. 73, p. 1064, 1316; Y . 74, p 7 3 0 ,9 4 0 ,1 3 1 1 .
National Asphalt securities. -W illia m F. H arrity, Chairman; E qu it retired N ov. 1, 1901), the rem ainder for im provem ents. They are
subject to call at 105 on 30 days’ n otice for a fin k in g fund, w hich
a b l e Trust Co. o f Philadelphia and Guaranty Trust Co. o f N ew Y ork,
d epositaries.—Y. 73, p. 1114, 1316.
Is to receive 5 per cent, o f the earnings yearly. V. 73, p. 239, 348,618.
R e o r g a n i z a t i o n P l a n .— The pi an o f reorganization issued b y the
E a r n i n g s . —From N ov. 1, 1899, to Ju ly 1 4,1 90 0 , inclu din g inven
tw o com m ittees in Jujy, 1902, and given in C h r o n i c l e o f J u ly 2 6,1 90 2 , tories, $2,574,518; operating and general expenses, $2,251,012; n et
provid es fo r the form ation o f a new com pany, w hich w ill be authorized earnings, $323,506. V. 71, p. 345. President, Frank L. Stephenson;
t o issue $17,( 00,000 com m on and $14,000,0 JO preferred stock. The Vice-Pres., A. W. H erron, Pittsburg; Sec.. A ddison Thom pson; Treas.,
p referred stock w ill have preference as to assets in case o f liq u i Myron L. Case. Office, Pittsburg, Pa.—(V. 74, p. 1359.)
d ation and w ill be lim ited to dividends o f 5 p e rc e n t p er annum (cu m u
N a t i o n a l L e a d C o m p a n y * —O r g a n i z a t i o n .— Organized under
lative after 2 y e a r s ); it w ill be convertible at any time, at the option
che law s o f N ew Jersey on Dec. 7 ,1 8 9 1 . It con trols exten sive plants
► the holder, into com m on stock, on the basis o f $150 com m on for
of
$ 10 0 preferred, but w ill be subject to redem ption at any tim e after 3 In different States fo r m anufacture o f w hite lead and other products.
In A ug., 1900. the St. Louis Sm elting & Refining Co., whose stock is
yea rs at 110 on 90 days’ n otice. P ractica lly the entire issue o f the
p referred and $10,000,000 o f the com m on will be Issuable at on ce, the owned, filed a $1,000,000 m ortgage.—V. 72, p. 390.
S e c u r i t i e s .—T h e p r e fe r r e d s t o c k is e n t it le d t o 7 p . c . p e r a n n u m c u
rem ainder ($7,000,000) o f the com m on being reserved tow ard con ver
sion o f the preferred. O f the im m ediate issue o f com m on stock $4,- m u la tiv e . S e e e d it o r ia l o f M a y , 1 8 9 3 , S u p p l e m e n t , a n d V . 6 0 , p . 3 4 9 .
5,000.000 w ill be purchased at 50 b y a syndicate furnishing $2,250,D i v i d e n d s .— t 1892. ’ 93. ’94. ’95. ’ 96. ’ 97. 1898 to 1900 1901.
000 fo r w orkin g capital and paym ent o f certain debts. Of the $29,- Common, p. c ,. j
0
2
3
1
0
0
1% yearly.
0
432,254 A sphalt o f A m erica 5s, $2,500,000 w ill b e surrendered fo r
Preferred, p. c. 7 per cen t yearly (13* Q-M to June, 1902, inclusive).
$1,500,000 o f the new com m on stock.
A n n u a l R e p o r t .— Fiscal year ends Deo. 31. Annual m eeting is held
Terms o f E xchange.—The basis o f exchange w ill be as fo llo w s :
>n 3d Thursday in February. The annual report fo r 1901 in V. 74, p.
P a yin g
,— Will receive.—
425, gave the follow in g statem ent: Net earnings, $1,112,140; diviE ach $1,000 p rin cipa l o f —
assess.
New com. New p f.
lends on preferred, $1,043,280; balance fo r year, surplus, $68,860. In
A sp h alt C o . o f A m erica 5s, $ 26 ,93 2 ,25 4.. None.
---$500
1900, net, $1,076,441.
N ational A sphalt Co. 5s, $5,988,520.......... $16 00
$400
----D i r e c t o r s .— W. H. Thom pson, E. C. Goshorn, F. W. R ock w ell, L. A.
do
do
com . stk., $ 11 ,55 1 ,57 0... 1 60
40
___
Cole, R . R. Colgate, A . P. Thom pson, D. B. Shipman, J. A. Stevens,
do
do
p ref. stk.. $8,003,744—
4 40
110
—
George O. Carpenter, E dw ard F. Beale, J. L. M oB im ey R. P. R owe
Y o t i n g T r u s t .— A ll the stock o f the n ew com pany (except sufficient to
and Charles F. Wells. Pres., L. A. Cole; J. L. M oB im ey, Treas.: Charles
qualifv directors) w ill be vested fo r ten years in five votin g trustees, D avison, Sec. N. Y. office, No. 100 W illiam St.—(V. 74, p 4 2 5 .)
viz., R udulph Ellis, W illiam F. H arrity, A lv in W. Kreoh, H enry T a t
N a t i o n a l S u lfJ C o .— See page 172
nall and George R. Turnbull, but the trust m ay be dissolved in w hole
N a t. S t a r c h C o .—See Corn Products Co.; Y. 74, p. 271, 330, 382o r in part at any tim e by unanimous consent, or after seven years as a
w h ole in the discretion o f a m ajority.
N a t i o n a l ' S t e e l C o . — S ee U. 8 . S t e e l C o r p o r a t i o n .
E a r n i n g s .— The plan is based on estim ated net earnings o f the new
N a t i o n a l S u g a r R e f i n i n g ; . —See page 172.
c o m p a n y o f about $700,000 per anuum, “ with ex p e cta tio n o f a rea
N a t i o n a l T u b e C o . —S ee U n i t e d S t a t e s S t e e l C o r p o r a t i o n .
son able increase in the com pa ra tively near future.”
N a t i o n a l W a l l P a p e r C o .—D ividends paid in liquidation on
As to Venezuelan dispute, see V. 71, p. 1272; V. 72, p. 46, 143, 1087,
$7,500,000 debenture stock, 66 p e rc e n t, including 15 per oent, paid
1283; V. 74, p. 99.
Sept. 1 2 ,1 9 0 1 , and 1 p. c., as reported on April 1 1 ,1 9 0 2 . N. Y. office,
O l d B o n d s .— The 5s o f 1901 were issued b y the Equitable
T ru st Co. o f Philadelphia, as trustee, and secured by the deposit of 418 B room e Street.—(V. 73, p. 794.)
N e w a r k C o n s o l i d a t e d G a s .—See page 172.
$29,922,800 Asphalt Co. of Amer. stock (20 per cent paid in).
For securities owned and pledged by A sphalt Co. o f Am erica, see
N e w C e n t r a l C o a l ( M d . ) . —Owns coa l lands in A llegheny County,
statem ent V. 70. p. 993; statem ent o f that com pany Dec. 31, 1899, Maryland. Tons mined in 1898, 203,677; 206,262 in 1897, 188,453
with balance sheet, V. 70, p. 530. G uaranty fund, Y . 74, p. 940.
In 1896, 201,826 in 1895, and 151,002 tons in 1 8 9 4 ; net profits.
Bonds o f con trolled com panies outstanding (not ow ned), $1,000,000 In 1898, $37,397; in 1897, $32,006; in 1896, $23,018. N. Y. office, 1
B arber Asp. Pav. deb. 6s, due A p ril 1 ,1 9 1 6 ; £33 8,0 0 0 N ew Trinidad Broadway. In 1898 reduced the stock from $5,000,000 to $1,000,000
Lake A sphalt debenture 6s, due Jan. l 1930; $400,000 A lcatraz Co. and shares from $100 to $20. V. 66, p. 901, 1140; V. 64. p. 5 1 5 .
debenture 6s, due Jan. 31, 1939. and $275,000 Gilson A sphaltum 25
’ d .—
’89.
-’94. *95-’ 97. ’ 98. ’99. ’00 ’01.
year l e t 5s, dated July 1 ,1 9 0 1 , subject to call at 107.—V. 70, p. 993; SD i v i d84 sp. c. ) ’ 86. ’ 8 7. ’88. 0 0 ’ 90. ’ 9 11
in ce ’
S 1 1 1
0
2
4 A pr., 2 0
Y . 71, p. 545; see also securities ow ned, V 73, p. 290.
The Oct., 1900, dividend was passed and none paid since to July,
Statement of D ec. 3 1 ,1 9 0 0 , with b alan ce sheet, V. 73, p. 136. Di
1902 —(V. 67. p. 29; V 71, p. 700 )
rectors, V. 72, p. 341. President. F. V. Greene; Sec. andT reas., A rthur
E n g l a n d C t o n Y a r n . - A consolidation o
yarn mills
W. S e w e ll.-(V . 73, p .1 3 6 ; V. 74, p. 42, D9, 730, 887, 9*0, 1255, 1311.) o f N e w Bedford. Fall o tiver and Taunton.—Y. 69, p. 28, f 9 181; V. 70,
New
R
81,
N a t i o n a l B i s c u i t , —Organized in 1898 and purchased N. Y . Bis. p. 587, 1294. In August, 1900, the plant, was increased from 583,000
C o., A m .Bis. & M fg. Co., etc.—V. 60, p. 288, 901; V. 71, p. S4Sto 620,000 spindles. V. 71, p. 345; V. 73, p. 443
D i v i d e n d s .— On pref., in 1898, 5*4 p. c.; 1899, to M ay, 1902, 7 p. o.
Se c r i
St
o
, c mmo ,
0 0 ,0
p e
(13* Q -F ). On com ., Jan., ’99, to July, 1902, inch, 4 p. o. (1 p c. Q-J). assetsua n t i e s .—a no c k ua u t h t r iz e d d e mop t io n na ft$ 5 ,0 a n . 0 0 ;1 9 0r0 ,f.a t(as to
d d iv .
d s b je c t o r e
er J
1,
$140
B o n d s .— These include N. Y. Biscuit first 6s (M&S.), due Mar., 1 9 10,
p er s a
cu m
$879,000; Am. B iscuit & Man. 1st 6s (F&A.), due A ug., 1911, $545,- p a y a h ler e ), n7e p. 9c. 1 9 0 1 ., $ $ 6 ,5 0 0 ,0 0 0 , o u t s t a n d in g , a s In ta b le . Notes
b
Ju
2 ,
, 2 ,9 4 7 ,0 0 0 .
OOO, and $50,000 5s due $5,000 yearly in O ctober.—V. 67, p. 274.
R e p o r t —R eport for year ending June 29, 1901, with balance sheet,
A n n u a l R e p o r t . - R eport for year ending Jan. 31, 1902, was in V.
\ . 73, p
^
7 4 , p. 4v5, show ing: Sales fo r year, $38,625,135; net profit, $3,670,- was in June 30, 443 (no incom e aocouut). F irst report for l l 1 mos.
1900,
V.
4 4 5 ; dividends, 7 p. c. on prof, and 4 p. o. on com m on, $2,837,197; endingincom e, $5,289;was inand 71, p. 286, showing: Net, $» ,398,709;
int.
sink fund,
bal., sur., $833,248. President, Benjam in F C raw ford; Asst. Sec. other $337,500; ad itions, etc., $629,990; b a$317,125; div. on p r e f. (7
p.c.),
l , sur., $119,383.
and Asst. Treas., J. A . L ew is.—(V. 72, p 3 9 0 ; Y. 74, p. 4 2 5 .)
D i v i d e n d s .— First div. on pref., 3H p. c. fo r 5 ^ mos. paid Jan. 1,
N a tio n a l C a r b o n
C o , — O r g a n i z a t i o n .— In corp orated in New
1900; July. 1900, to July, 1902. inch, 7 p. c. yearly (J.-J.)
J e r s e y on Jan. 1 6 ,1 8 9 9 . V. 68, p. 85, 130. Dividends on pref. July
Pres., A ndrew G. Pierce, New B edford. - ( V . 71, p. 866; Y. 73, p. 4 4 3 J
1 5, 1899, 1% p. c ; Oct., 1% p. o.; 19 0 0 , Jan., 1 % p . 0.; Mar. 15, 1% p. c.
ew
ng
ke.
a
ia t io
form ed
D ividen d period changed in Feb., ’00, to Q.-F. 15; May ’00 to A ug., ’02, inN1897,E ana l a n d G a s Ac C oDom— A volu n tary w s s o cm in e n in N ov a
inion Coal
s
p. c. quar. R eport fo r year ending Jan. 31, 1902, with bah sheet, Scotia, fo r a contracted with f coal (800,000Co., ithr o v e r p e r a n
large supply o
tons o
/In V. 74, p. 476. showed: N et earnings, $586,812; dividends (7 p. c.) num) at $1*20 per ton.
This coal is converted in to c o k e , and
-on preferred, $315,000; d ep recia tion ,etc.,$217,745; b a h ,s u r.,$54,068. the gas, w hich w ould otherw ise be a w aste p r o d u c t , is s o ld at a
Pres , Jam es Parm elee; Treas., H. E. H ackenberg; Sec., H. J. Davies.
low price (2 0 cents per 1 ,0 0 0 feet) for heating as w e ll as lig h t
Main office, C leveland.—(V .7 2 ,p . 440, 4 7 9 ; V. 74, p. 4 7 6 .)
ing purposes. The output in N ov., 1900, was stated to b e 5,200,N a t i o n a l E n a m e l i n g ; & s t a m p i n g ; C o . - O r g a n i z a t i o n .— In 000 cu bic feet of gas daily and 1,300 tons o f c o k e d a lly . V . 72, p.
corporated in New Jersey on January 21, 1899. See prospectus in V. 43. A s to cost o f making gas, contracts, e t c ., see V . 7 0 , p . 4 8 3 . Has
68, p. 187. V. 68, p. 474; V. 72, p. 678; V. 74, p. 1359. D iv. on pref., 25-year con tra ct with D om inion Caal C o ., e x p i r i n g S ep t. 3 0 ,1 9 2 2 ,
1900, 7 p. c.*, 1901, Apr., 1% p. o.; June 30, 13* p. c.; Oct. 1, 1% p. o.; under which the latter supplies coal a t $L 9 0 per t jn . S ee C h r o n
1902.
p. c. quar. (Q-J.) First div. on com . stock, 4 p c , payable 1 i c l e July 26 1902.
p.c. on Ja n 1 ,’0 2 ,and 1 p c. quar. thereafter. V .7 3 ,p .l2 6 7 The $250,On A pril 7, 1902, R obert M. Burnett was appointed temporary
•
000 bonds due Dec. 1 5 ,1 9 0 2 , were paid off Deo., 1901. V. 73. p. 1267. | receiver, the floating debt, including accrued interest, being stated as
MISCELLANEOUS
Ju ly , 1902.]
STOCKS
AND
BONDS.
163
INTEREST
Bonds—Prlnop
Date Size, or
pal,W hen Due.
A m ount
Rate per When IWhere Payable, and by Stocks—Last
of
For explanation o f colum n headings, &c., see notes on
Par
Payable 1
Whom.
Bonds Value. Outstanding Cent.
first page o f tables.
Dividend.
MISCELLANEOUS.
New England Telephone & Teleg.—Stock. $30,000,000........
Bonds, Ser. 3, 4 & 5, $500,000 ea., call aft. 10 yrs. at 102
Bonds, Series 6, 7, & 8, $500,000 each, n ot subj. to call
Bonds, $1,000,000 (see t e x t )................................................
New York A ir B rake—8tock, $10,000,000. .........................
New York D ock—1st M .t $13,000,000, g., call 105.TJsmc&r
N . Y . Gas Elec. Light Beat & Pow er—See CONSOL. G a s .
N. Y. < Hoboken F erry Co.—Stock............... ..........................
£
H ob. Per.. 1st cons. M., red. 110 ($4,500,000) .U & m .o x
N. Y . & N. J. Ferry, tw o m orts. ($600,000 are 1st 4 s )..
N. Y. < H oboken Ferry, gen. m ort., gold, $ 4,0 00 ,0 00 ..
fc
N. Y. Mutual Gas Light—Stock (bonds, see Cons. G a s )...
N. Y. Mutual Tel.—Mut. Un. Tel. Is tM ., g .,g u .,n o td r’n .C e c
New York & New Jersey Telephone—Stock, $15,000,000..
M. (now 1st) $1,500,000, g.,s.f.$20,000 y ’rly .n o td r.A .c*
N. Y. Telephone.—Islet. T.
T., Is tM ., g., s. f ...............c<fcr
Niles-Bement-Pond Co.—Stock, com m on. $ 5,000,000.......
Pref. stock, 6 %, cum ., $3,000,000, call in 1911 at 105..
P ratt & W hitney, 6 p. c. cum. pf. stock, gu., red., te x t ..
North Am erican—Stock, $12,000.000......................................
Ohio < Ind. NaVt & Iliu m Gas—Stock, (Bonds see text)..
£
Otis Elevator—Stock, pref., 6 p. c., non-cum , $4,500,000..
(-Jold notes, due Jan. 1, yea rly (see t e x t ) ..........................
Pacific Coast Co.—Stock, com m on, $7,000,000...................
1st preferred stock, $1,525,000, 5 p .c. non-cum ulative.
2d p referred stock, $4,000,000, 4 p. c. non-cum ulative.
1st m ortgage. $5,000,000, gold i l i a ..................
c*
1891-3
1895-9
1900
1901
1896
1896
1898
1881
1890
1888
$100
1,000
1,000
1,000
100
500 &0.
1,000
1,000
100
1,000
100
1,000
1,000
100
100
100
100
100
1897
100
100
100
1.000
$2,123,000. In A pr., 1902, ov er 80 p. c. o f the securities had been de
posited w ith the Old C olony Trust Co.. B oston, and the Colonial Trust
C om pany,N ew York.
R e o r g a n i z a t i o n P l a n .— The plan issued b y Kidder, P eabod y & Co.
and J. & W. Seligoian & Co. in June, 1902. given in V. 74, p 1311, p ro
vides fo r the organization o f a volu n tary association to take ov e r the
p ro p e rty after foreclosu re sale. This volu n tary trust, to be called
p rob a b ly tbe Massachusetts Gas Com panies, w ill issue $30,000,000
stock (half 4 p. c cum ulative p referred), as show n in the table above.
The first trustees w ill be as fo llo w s :
Charles Francis A d a m s,2d ; W a lter Cabot B aylles,Sam uel Carr, R ob ert Clare 1e Pruvn. Jo«f-ph B allister Russell, Frederick E lm er Snow ,Charles A ugustus
Stor.e, A lb ert Strauss, C hristopher M inot W eld . R o b e rt W insor.
The cash requirem ents o f the plan have been u n derw ritten . Of the
stoc k, about $4,287,000 preferred and $3,080,000 com m on are issu
able in consideration o f the paym ent o f the floating debt, reorgan iza
tion. etc., expenses and $3,000,000 cash, the latter to be used b y the
new association (if deem ed advisable) as f o llo w s :
T o acqu ire the outstanding n otes payable o f tb e M assachusetts P ip e L in e
Ga> » o , D orchester Gas L n m tC o . and B rookline Gas L t Co.; to pay tor im
provem ents and addition& to th e m anu factu ring plant at E v e re tt and to tn e
properties o f th e B rookline Gas L igh t Co. and D orchester Gas Light^Co. and
to pay am ounts necessary t o obtain a com plete title to certain lands in Bverett.
T erm s o f E x c h a n g e —The basis o f exchange is as follo w s :
E a c h $i,O f 0 p r i n c i p a l o f —
I f p a yin g
a s se ss m e n t.
E xistin g s to c k ................................. $L00
1st m ortgage 5s o f 1897...........................
Will ret txve m exchange
New p r e f s lo c k . New c o m .
"$110
*$150
520
550
* A lso in cash interest at 4 per cent from Dec. 1 ,1 9 0 1 , to Deo. 1,
1902, on the new preft-ried stock received in exchange.
The am ount required fo r the dividend on the preferred stock is
stated to be w ell within the earning pow er o f the p roperty, even be
fore the p roposed expenditures fo r im provem ents and additions, w hile
the n ew capital p rovided is thought to m ake the prospect good for
the com m on shares. In A pr., 1902, $285,000 receiver’ s certificates
w ere authorized. V. 74, p. 833.
The com pan y purchased p ractically all the stock o f the B rook
line, D orchester and Jam aica Plain Gas Ligh t Com panies, w hich pur
chase carries with it the control (through righ t to vote the stocks de
posited as security fo r The Boston United Gas bonds—(see B ay State
Gas statem ent page 170) o f B ay State Gas Co. of Mass., B oston Gas
Light Co. South B oston Gas Light Co. and R oxb u ry Gas Ligh t Co.;
briefly, all gas com panies in B oston. A s to litigation w ith B ay State
Gas Co., see V. 68, p. 1179.
S t o c k a n d B o n d s — Capital stock authorized is $17,500,000; about
a’ l issued, p a r $100. F irst m ortgage is fo r $17,500,000 (redeem
able at 105 after Dec. 1, 1902), o f which $16,370,000 liave been is
sued ( V, 68, p. 85) and are secured by a m ortgage on all the com pa n y’ s
property (coke ovens, land, etc.), and by pledge o f the fo llo w in g :
Total h sued.
Pledged.
$1,998,600
Brookline Gas Light s tock ............................. $2,000 000
certificates o f indebtedness.
..
1,615,000
1,615,000
Dorchester Gas Light stock (V. 7 4 ,p. 8 8 7 )..
519,600
517,600
Boston United Gas bonds, 1st series.......... 9,000,0o0
1,000,000
Jamaica Plain Gas Light C o..........................
250,000
139,800
Massachusetts Pipe Line Co. (V .67, p. 275)
1,000,000
1,000,000
E arnings .—T he reorganization com m ittees form ed in 1902 say that
apparently the com pany never earned its interest charge. Earnings o f
companies controlled for 1900-01 in V. 74, p. 723.
T r u s t e e s .—'T rustees o f N. E. Gas & Coke Co. are as fo llow s : George
G. Haven, R obert 0 . P?uyn, Stephen P eabody, W. L. E lkins, Jr., Wllllan Flinn, H, M. W hitney, H enry F. D im ock, Wra. L. Elkins, A. N.
Brady, Em. McMillin, R. W. Lord. A lroerlc H. P a g e t —(V. 74, p. 1359.)
N c w f£ n g 1an<l T e l e p h o n o 6 c T e l e g r a p h .—This com pany does a
telephone business in Maine, New Hampshire, Verm ont and Massachu
setts under license from The American Bell Telephone Co. On January
1,1902.it had 93,700 stations in all, against 75,121 in 1901. Or cap
Itai stock a majority is ow ned by A m erican Telephone
Telegraph
(Bell) Co.— V. 70, p. 40. The bonds are debentures, but are to be
seen red by an y mort gage placed on the property. The stockholders
Voted in 1902 to Increase the stock from $ 20 ,00 0 / 00 to $30,000,000. Stockholders were offered tins right to subscribe to $3,604,700
new stock pro rata at par, one-half p ayable Aug, 16 and tlx*, remain
tier Nov. 1 /, raising the am ount outstanding to $ 2 1 , 0 2 8 / 2 0 0 . V. 74,
p. 833. 1312.
Div id e n d s .— / 188 fJ-93. 1894. 1895 . ’96. *97. I898 to May, 1902,
Per Cent,
{ a%y< iarly.
4
4/2
6 5%
6 yearly (ib . :
F.
, A nnual R krouIT,— Fiscal year ends I>6<L 31. Ke.port fo r 190 1 was
i In V. 74, p. 1 1 37, show1ng gross earnln gs $.;’>,177,4 12; net 0 ver 1 ter
n
sst, maintenance , taxf js, e tc ,, $ 1,037,48 2; dhddcrub ^ (0 j>. e.) $9 1'7.406;
balance, sur. for year, $90,076. (V. 74 , p. 8153, 991 , 1 1 3 7 , 1 312 .)
N e w p o r t 6c *31 lie!11111 at 1 H r i f l i r r < 0 . - -Hee H A11340AD (5os,
N ew Y o r k A ir f i r e h e .—incorporated under laws o f New Jersey,
Works at Watertown, N. Y .; capacity. M)0 sets o f oar brakes a day. In
April, 190*2, Ku idan plant wan placed in operation. V 74, p. H87.
1 In 1 8 9 6 dividend 6 p. e ,; in 1897 and 1898 n on e; Oct., 1891), to
•inly, 1 9 0 2 , i n d . , 2 p. 0 . quar.(8 p. e. per an.). The stock holders voted
A u g. 10 , 1 8 9 9 , to increase the stock from $5 000,000 to $ 1 0 ,0 0 0 /0 0 .
Of the new stock $1,250,000 was subscribed for by stockholders ;,j, j-mr
( ($100) for extension of business, and $ 1,562,m>0 additional for the
sa m e p u r p o s e in M a y , 1901
V. 6 9 , p. 181, 388; V . 72, p. 876.
A s to
patent litigation with WesUnghouae Air-Brake Co,, see V. «9 , r> 181
.
442; V. 7 0 . p , 6 3 0 ; V . 7 3 , p 1 3 5 9 .
D irectors . President, 0. A, Htarbuck, 0 6 B roa dw ay; Vice-Brest.
Daniel Magone; Secy. and Timas.. John (j. T h om p son ; Asst. Treas [
6 in 1901
See text.
6
$1,500,000
5
1.500.000
4
1,000,000
8,012,500 8 in 1901
4g.
11,5^0,000
Q.—F. 1 B oston, 119 Milk St.
B
A. & O. | oston.Bank o f Repub.
A. & O. Bost., Nat. Bk. Com ’rce.
do
do
J. < J. 1
fc
Q .- J . Office, 66 B 'w ay. N. Y
F. & A N. Y .,U . S. M. < Tr. Co.
fe
M’y .1 5 />02,1^
Apr., 1906-7-8
1 9 1 5 /1 6 & ’ 19
Jan. 1, 1930
Ju ly 1 5 /0 2 ,2 %
A ug. 1, 1951
Text.
3.300.000
5
4.100.000
4 & 5
1,000,000
5 g.
3.300.000
3.500.000 9 in 1902
5.000. 000
6 g.
9,540,600 7 in 1902
5 g.
1.324.000
5 g1.925.000
See
5.000
000 text.
6
2.000. 000 in 1901
1.225.000 See text.
12.000 000
9 .0 0 0 0 0 0 4 in 1901
6
4.499.800
4 g.
1.250.000
6.738.800 4 in 1901
1.502.800 5 in 1901
3,904,200 4 in 1901
5 g.
4.446.000
Q .-M .
M. & N .1 Y ., U. S. M ort. < Tr.
N.
fc
J. & J.| N. Y ., Cent. Tr. Co.
j . & d J N. Y ., U. 8. Mort. & Tr.
j. & j.
Checks m ailed.
M. & N. N. Y ., West. Union Tel.
Q.—J.15 B klyn,81W illoughbySt.
M. & N. N. Y ., A tlan tic Tr. Co.
M. & N. N. Y ., 18 C ortlandt St.
Q .-M .
Q .- F .
Q .- F .
June 2 /0 2 ,1 * 4
M ay 1, 1946
Jan. 1, 1946
May 1, 1946
Ju ly 1 0 /0 2 ,5 %
May 1, 1911
Ju ly 15/02,113
M ay 1, 1920
May 1, 1918
See text.
May 20 / 0 2,113
May 1 5 / 0 2,113
N. Y ., Corn E x c. Bank. June 1 /0 2 ,1 %
N. Y . Off., 71 B roadw ay July 15/02,113
....
To 1908
Q - F . N.Y.,M anhat. Trust Co. Aug. 1 /0 2 ,1 %
Q .- F .
do
do
Aug. 1 / 0 2 ,1 1 4
Q .- F .
do
do
A u g .l, ’02, 1%
J. & D.
do
do
June 1, 1946
Q —M
y .-j.
C H. Chaffee, Fred. F low er, H. A . R ogers, J. C. Y ou ng, Anthony N.
Brady, Thom as C. Purdy and G eorge B. M a s se y .- (V, 74, p. 887.)
N e w Y o r k : D o c k C o .—O r g a n iz a t io n —I n corp ora ted in N . Y .S ta te
on July 1 8,1 90 1 , as successor o f the B rook lyn W harf & Warehouse Co.,
foreclosed and reorganized p er plan V. 72, p. 937. Possession
taken Aug. 1, 1901. V. 73, p. 239. Owns water fron tage in B rook lyn
‘fron tage o f m ore than 2*4 m iles,” o f w hich 157 fe e t leased Official
statem ent, Y. 73, p. 1355.
Stoc k and B onds .—Com. stock, $"'.000,000; pref. 5 p er cen t n on
cum u lative, $10.o00,000. all in shares o f $100 each. A fte r 5 p. c. on
both stocks the tw o stocks to share equally. O f the bonds, $1,420 *•
000 are reserved for future extensions and im provem ents. Proper
not needed m ay be sold and p roceeds applied to im provem ents or can
cellation o f bonds
E arn in g s .—Official statem ent with b alan ce sheet in V 73, p. 1355,
showed fo r 3 mos. ending N ov. 1,1901. gross (partly estim ated), $459,281; operating expenses, $172,610, int. on 1st 4s, $115,800; int. on
Baltic realty m ortgage, $4,383; taxes, $87,000; bah, sur., $79,487.
Tbe accounts of the receiver o f the old com pan y fo r the year ending
July 3 1 ,1 9 0 1 , showed earnings, $725,228. Interest charges under
the p 'a n w ill be $467,750 yearly, to be increased by interest on $1,420,000 first m ortgage 4s (or $56,800 annually) w hen sold for im prove
m e n t . The earnings are expected to be largely increased upon com
pletion o f im provem ents p rovided fo r by cash ($2,745,000) raised
under plan. Pres., D avid H. K ing Jr.; V ice-P res., Colum bus O’D. Iselin; &ec., R ichard M. H urd; Treas., G eorge E. Spencer. Office, 66-68
Broad St. (M anhattan), N. Y . D irectors, V. 73, p. 141, 1114.—(Y. 73,
p. 13 5 5 ; Y. 74, p. 1312.)
N e w Y o r k 6c E a s t R i v e r F e r r y . —Owns the “ A storia ” F erry b e
tween A storia, L. I., and fo o t o f 92d St., New Y ork, and has three fe rry
boats. C apital stock, $750,000; dividends are payable Q.—M*
D iv id e n d s . - ) ’ 95.
’ 96, ’ 97.
’ 98. ’ 99. ’00. ’ 01.
1902.
(Q-M )P. c.
5 3
4
5
5
5ia 6
In c.J u n e ,3
Bonds, $750,000 1st 30-ysa.r gold 5s due N ov. 1 ,1 9 2 2 , interest M -N .,
at Kings Co. Trust Co. D irectors—W illiam A. Nash. Theo. F. Jackson, H. K . K napp, E. Lehman and R osw ell E ldridge.—(Y. 71, p. 392.)
N e w Y o r k & E a s t R i v e r G a s C o .—See N e w A m ste r d a m G as C o ,
N e w Y o r k 6c H o b o k e n F e r r y C o .—In corp ora ted Nov. 10,
) 898, under the law s o f New Jersey as successor o f the H oboken F erry
Co., operating from B arclay Street. Christopher St. and W est 14th St. to
Hoboken. In A pr., 1902, it was stated that the 5-year con tract w ith
the Del Lack.
W esternjRR., expirin g Dec. 31, 1962, m ight n ot be
renewed. V. 74, p. 730.
Stock, $4,000,000; outstanding, $3,300,000. O f the new $4,000,000
gen. 5s $700,000 w ere reserved fo r im provem ents; gen. 5s are redeem
able a t 110 on any interest day. D ividends, D ec., 1899, to M ar., 1901,
inclusive, 1 p. c. quarterly (4 p. c. per annum); since to June, 1902,
l x4 p. c. quarterly (5 p. c. p er annum ).—(V. 74, p. 730.)
N .Y .I J l a i.G a * L i g h t . —See Con. Gas. N * Y . M u t . T e l . —Seep. 169.
N e w Y o r k & N e w J e r s e y B r i d g e C o . N . Y . —(Y. 72, p. 991.)
N e w Y o r k 6c N e w J e r s e y T e l e p l i o n e . —Operates telephone
lines under perpetual license from the B ell Com pany in Staten Island,
Long Island (including B rooklyn), in New Jersey in counties o f Bergen,
Essex, H udson, Mid llesex, Monmouth, Morris, Passaic, Somerset and
Union. Its total st dons on Jan. 1 ,19 02 , were 42,130 (of which 19,357
In Long Island), 3 5 ,1 7 6 in 1901, 28,073 in 1900 and 22,065 in 1899.
S t o c k — Stockb tders voted Mar. 1, 1901, to increase the author
ized stock from $s.000,000 to $15,000,000, $1,875,000 o f the new
stock being subscrib 'd at par. Y. 72, p 583. Real estate m ortgages
Jan. 1, 1902, $111,500,
D i v i d e n d s .- / 1892.
1893.
1894 to July. 1902, inclusive,
Per Cent.
s 6
6
7% yearly (luol. 1% e xtra in Jan.)
E a r n i n g s . R eport for yea r ending Dec. 31, 1901, w as in V. 74, p.
984, show ing gross, $ 3,376,433; net, $1,081,800; interest, taxes, etc.,
#174,104; dividends, $616/285; balance, surplus, $291,410. In 1900,
gross, $2,827,481.—(V. 72, p. 583; Y. 74, p. 580, 0 8 4 .)
N. Y . 6c
E l e c . L ig h t 6c P o w e r C o .—See page 172,
N e w Y o r k S u b u r b a n ( k u n . - See V . 68, p. 474; V . 70, p. 844.
N e w Y o r k T e l e p l i . — N ia g a r a F a l l * P o w e r C o .—See p. 172.
N e w Y o r k A; T e x a n L a n d C o .—See page 172.
N. Y . T r a n s p o r t a t i o n . —See page 172.
N llo H - I I e m e i i t » P o n d C o „- O rg an izatio n . - Incorporated In New
Jersey on Aug. J1, 1809, as a consolidation o f ilia Niles Tool W orks
Go. .etc. Does much Of the heavy m achine trade o f the country.
V. 80. p. 388 In Jam . 1901, look over entire com m on stock ($ !,525.060) of the Pratt.
Whitney 0o«, guaranteeing 0 per cen t on the
Into rV. #1,225,000 preferred stock (subject to call in .19 11 al par) pro
vided that it earns that am ount on Its own stock. V. 71, p, 139; V. 70
p, 1253; V. 72. p 143.
Stock, com m on, $5,000,000; pref., 6 per cen t cuts, (su bject to call
In 1**11 at. 105), $3,000,000, o f which $1,000,000 remains ill treas
u y acquire m inority Interest in Niles T o o l Works Go. Div. on
r to
preferred paid Nov., 1899, to May, 1902, 1 h p, o. quarterly, (Q.-F,)
On com m on. Hept., 1001, 1 hi p. o.; Dee.., 1 'y p. < 1 90 1,6 p. 0, (t).-M.);
1902, Mar., 1 hi p, 0. utld 1 p, e. extra, paid May 13. Hfaloineut. for
y e a r ending June 30, 1901, In V . 74, p. . 23, showed; Net, $1,408,571;
reserve for depreciation, $100,003; div. on prel. (0 p. tv.), $253,500;
on com m on (7 p. o d ,$350,000; Vial., sur., $668,4 10. P r e s .,li O, MoKlnney; Treas., Ghas L. Cornell; Heo., E. M, <’. Davis, 130 Liberty BL,
N. Y. (V. 72, p. 143,280; V. 74, p. 3 2 5 , 330.)
N o r t h A m e r i c a n C o m pi» 11 y .—O r g a ni /.ATION. Organized 1n 1890
tinder laws o f Now Jersey as successor to the Oregon
Trans Oontb
INVESTORS' SUPPLEMENT
164
IV ol. LX X V.
Bonds—Princi
IN TEREST OR DIVID EN DS.
Date Size, or
pal,^When Due.
A m ount
Par
of
Rate per When W here Payable, and by Stocks—Last
F or explanation o f colum n headings, A c., see notes on
Bonds Value. Outstanding
first page o f tables.
Cent.
Payable
Whom.
Dividend.
MISCELLANEOUS.
Pacific Mail Steamsflip—S to c k ..............................................
P acific Pack d Nav. —
Deb. ( V.74, p. 1138) g., s. f., te x t. K
Paterson d Passaic Gas d E le c —Cons. M., $5,000,000, g
U nderlying bonds $1,044,000—See V. 71, p. 37.
Pennsylvania Canal—Orem M., $5,000,000, int. guar.._c*
Pennsylv. Steel Co.—Pf. stock, 7%, non-cum ., $25,000,000
Old Penna. Steel 1st M., cur G P .......................................r
M aryland Steel 1st m ortgage, cu rren cy.
................. r
Penn. Steel Co., Consol. m ort., $7,000,000, g o ld .G P c*
C ollateral trust loan Cornwall p r o p e r t ie s ...................
Mary I’ d Steel car tr bonds, g , $60,000 due yrly, ca ll 105
People’s Gas Light d Coke ( Chicago)—Stock, $35,000,000
P eople's Gas Light A Coke 1st m ortgage, gold, $ & «£..c
2d m ortgage..
... .............................................. ..........c
1st consol, m ort. for $ 10,000,000 g o ld .C e .................... *c
E quitable Gas Light & Fuel 1st m ortgage C e .............. c*
Chicago Gas L ight A Coke 1st m ortgage, g . ( P P ) .........c
Consum ers' Gas 1st m ort., gold. See V. 66, p. 4 72 .C ec
Illin ois L. H. & P ow er 1st m ortga ge.................................c
Lake Gas & Light 1st m ortgage, g o ld ..........................IC
P. G. L. & C —R efu n din g M., $40,000,000, g .F ...c* & r
Mutu al Fuel Gas 1st m ort., $5,000,000, gold, assumed.
H yde Park Gas, 1st m ortgage, a ssu m ed.C e...................
Calumet Gas Co. 1st m ortgage, assum ed...........................
P hila. Electric—Stk., to be $7 50 per sh. pd. in (see text)
Phila. E lec. Trust Ctfs., gold, $17,500,000 (see t e x t )...
1901
1899
1870
$100 $20,000,000 3 in 1899 J. A D. N. Y. M ercantile Trust. Dec. 1, ’99,1 ^
3,000,000
6 g. F. A A.
1902 to 1911
1,000
3,632,000
5 1 M. A S. N .Y., First N. Bk. A Pat. Mch. 1, 1949
1,000
100
1887
1,000
1892
1,000
1895 500 Ac.
190 2
1902 J 1,0 00
100
1874
500
1874
500
1,000
1893
1885
1,000
1887
1,000
1886
1,000
1885
1,000
1885
1,000
1897
1,000
1897
1,000
1884 500 Ac
—
1,000
25
1899
2,282,000
J. A J. Phila., B road St. 3tation
6
16,500,000 See text. M. & N.
Checks mailed.
1,000,000
M. & N. Philadelphia Office.
5
1,915,000
5
F. & A.
do
do
3,482,000
6 g. M. & S. Girard L. I.,A. AT r.,Pliil.
See text.
5 g.
Philadelphia.
.......
600,000
5 g32,969,100 6 in 1901 Q .- F .
N. Y ., Central Tr. Co.
2,100,000
6 g. M. A N. N. Y ., Cent. Tr. & Chic.
2,500,000
6 g. J. & D. N. Y ., Cent. Tr. & Chic.
4,900,000
6 g. A. & 0 . N. Y ., Central Trust Co.
2,000,000
6 g. J. A J. N. Y ., C e n t! Tr. A Chic.
10,000,000
5 g. J. & J.
do
do
4,246,000
5 g. J. & D. N. Y ., Central Tr. A Ch.
500,000
7
Chicago, Chic. Nat. Bk.
300,000
6 g. J. A J. 111. Tr. A S a v . B k.,C hic.
2,5GO,000
5 g. M. & 8.
N ew York.
5,000,000
5 g. M. & N. N. Y ., Cent. Tr. A Chic.
200,000
6
M. & S, First Nat. Bk., Chicago.
250,600
6 g. J. & J. Chicago Eq. Trust Co.
24,987,750
14,982,200
Philadelphia.
4 g. J. A J.
July 1, 1910
May 1, ’02, 3 ^
Nov. 1, 1917
Feb. 1, 1922
Sept. 1. 1925
1QQ9
July 1, ’03-'12
M ay 2 4 ,'0 2 ,1 ^
Nov. 1, 1904
Dec. 1, 1904
Apr. 1, 1943
July 1, 1905
July 1, 1937
Deo. 1, 1936
N ov. 1. 1915
J u ly 1, 1915
Sept. 1, 1947
N ov. 1, 1947
Sept. 1, 1904
July 1, 1917
Ju n el6'0 2,1 5o
O ct., 1949
nental Co. Is interested in street railw ay and electric enterprises. In
E. H H arrim an, President; Jos. Hellen, Sec. and Treas., 120 Broad
1901 the stock was decreased from $40,000,000 to #12,000,000 by the w ay, N. Y . - ( V 73, p. 2 3 5 ,8 4 5 ; V . 74, p. 1255; V. 75, p. 1 3 3 ,1 3 8 .)
issue o f one share fo r each 3 ^ shares. V. 73, p. 30
I P a c i f i c P a c k i n g & N a v i g a t i o n C o .—See page 172.
A n n u a l R e p o r t .— Fiscal year ends May 31. R eport fo r year 1901-02
P a t e r s o n Sc P a s s a i c G a s & E l e c t r i c C o .— O r g a n i z a t i o n . —
was in V. 74. p 1306. Controls M ilwaukee E lectric R y. A Light Co.
A consolidation in 1899. Has perpetual franchise, and supplies gas
(see S t r e e t R y . S u p p .); also the Cincinnati N ew port & C ovington
L igh t & Traction Co. (V. 72, p. 922; V. 74. p. 584, 1306), Union E lec and electricity in Paterson, Passaic, etc. See V. 71, p. 36.
U nderlying bonds, V . 71, p. 37. Net earnings for 12 months ending
tric Light & Pow er Co. ot St. Louis (V. 74, p. 1256, 1306) and the
Cincinnati Gas A E lectric Co. (V. 72, p. 938, 734, 724). On M ay 31, Mar. 1, 1900, $275,272; interest, $219,987; bal., sur., $55,285.
Stock, $5,000,000, all outstanding (par, $100), o f w hich large m ajor
1902, ow ned: Stocks, $8,186,896; bonds, $1,121,500; a u d its b alan ce
sheet showed loans p aya b le $986,900; accou n ts receiv a b le, $78,953: ity ow ned by U nited Gas Im provem en t Co. Of the consol. 5s,
due M arch 1 ,1 9 4 9 (Paterson Safe D eposit A Trust Co., trustee), $1,cash, $1,761,803.
044.000 reserved to redeem underlying bonds and $324,000 fo r im
D i r e c t o r s .— Edward Q. K easbey, John I. B eggs, C. W. W etm ore, S. vv.
B urt, E dw in M. B ulkley, Wm. N elson C rom w ell, G. R . Sheldon, E d provem ents and acquisitions. President, W illiam B arbour, Paterson,
mund C. Converse, Henry C. Payne, R obert B acon, Chas. Pfister. Chas. N. J .—(V. 72, p. 441.)
P e n n s y l v a n i a H e c . V e h i c l e . —See page 173.
A . Spofford. President, C. W. W etm ore; V ice-President, Charles A
Spofford; Sec., Silas V. Burt; Treas.. Geo. R. Sheldon, 30 B road St. P e n n s y l v a n i a M f g . L i g h t Sc P o w e r . —See P h i l a d e l p h i a E l e o .
(V. 73, p. 3 0 , 394, 794; V .7 4 , p. 430, 1 3 0 6 .)
P e n n s y l v a n i a S t e e l C o .— Chartered in N ew Jersey on Apr. 29,
N o r t h e r n U n i o n G a s C o , ( N e w Y o r k C i t y . ) —V . 6 5 , p. 621.
1901, and acquired per plan o f recapitalization, V. 72. p. 46, 91, almost
N o r t h w e s t e r n T e l e g r a p h . — Owns 8,000 m iles o f w ire and is entire $6,500,000 stock of Penn. com paDy o f same name and entire
leased to W estern Union fo r 99 years, which guarantees dividends stock o f M aryland Steel Co. Thus con trols 555 a cre4 at Steelton, Pa.,
at 6 per cent on $2,500,060 stock (par $50) and interest on 1st mort. and 1,000 acres at Sparrows Point, near B altim ore, Md , with steel
plants, including blast furnaces, having annual cap acity o f 750,000
7s, due Jan. 1, 1904, interest J. A J.—(V. 72, p. 143, 630.)
O h i o & I i b d i a n a C o n s o l. N a t. A I l i u m . G a s .—See page 172. tons pig iron: tw o Bessemer plants, capacity 800,000 tons, and one
open-hearth plant, ca p acity 250,000 tons o f in g o ts ; tw o rail mills,
O m a h a W a t e r C o .—See page 172.
capacity 640,000 tonR, a shipbuilding and a bridge-building plant, a
com plete fro g and sw itch building plant, etc., etc.
O r e g o n I m p r o v e m e n t C o .—See P a c i f i c C o a s t Co.
Owns the entire $2,400.000 stock o f the Spanish-American Iron Co.,
O t i s E l e v a t o r C o .— Incorporated N ov. 2 8 ,1 8 9 8 , under the laws
o f New Jersey and was to take ov er every standard elevator shipxung from 400,000 to 500,000 tons o f ore annually, and owning
m anufacturing com pany in the U. 8., abou t 13 in all, com prising about 5 000 acres o f land in the Province o f Santiago, Cuba; also a
about 85 p. c. o f the business. See V. 71, p. 545\ V. 74, p. 271. Stock h alf interest in t h e J u r a g a Iron Co., Lim., Santiago, Cuba (V. 62, p.
$6,500,000 com m on; outstanding, $6,350,300; preferred, see table. 776: V. 71, p. 393), and $347,900 each o f com m on and preferred stock
D ividends on pref., Apr. 15, 1~99, to July, 1902, both inclusive,
p. o f the Cuban S L e l Ore Co. (V 12, n. 5 7 9 1 and the entire capital
c. quar. (6% per annum). Gold notes, $1,250,000, due Jan 1 yearly, stock o f the Baltim ore & Sparrows Point RR. In June, 190 L, pur
$150,000 each in 1903 to 1905, $400,000 in 1906 and $200,000 each chased a 4096 interest in the Cornwall Ore Banks Co., Lebanon Co.,
Pa., the Lebanon Furnaces, Lebanon, Pa., and a con trolling interest in
in 1907 and 1908.
R eport fo r year ending Dec. 31,1901, w ith b alan ce sheet, in V 74, p. the C ornw all A Lebanon RR., a portion o f the purchase price to be
628, showed net earnings ov er interest and renew als, $842,096; div. on met from the treasury and the balance to be raised by an issue of
pref. (6 p. c.), $267,53H; charged off fo r depreciation, $ -7 4 ,5 5 8 ; bal., $7,500,000 30-year 5 per cent collateral trust bonds o f the Penn, -teel
surplus, added to w orkin g capital, $300,000. Office, 71 B roadw ay, N. Co. (of Penn ), to b e authorized b y the stockholders on Aug. 12, 1902,
w hich have already be^n sold. V. 72, p. 1241, 1283; V. 73, p. 1364;
Y .—(V. 74, p. 271, 6 2 8 .)
V. 74 p. 1312. Official statem ent showing securities o f controlled
P a c i f i c C o a s t C o m p a n y . —This com pany con trols the Pacifio com panies owned, their properties, balance sheet of Oct. 25, 1901, etc.,
Coast Steamship Com pany (ow ning its entire capital stock) and see V. 73, p. 1355. In July, 1 9 0 2 , the M aryland Steel Co issued $600,operates five steamship lines running betw een San F ran cisco
0» 0 ca r trust bonds. V. 74, p. 1312.
Portland, V ictoria, Sitka, F ort B ragg, San D iego, &c. A lso ow ns all the
In June, 1901, control was acquired by the Pennsylvania RR. and
securities o f the Columbia & Puget Sound RR. (now standard gauge), affiliated roads b y purchase o f $10,000,000 each o f com m on and pre
Seattle to Franklin, etc., with sidings, 57 miles, and its N ew Castle ferred stock from the underwriting syndicate; the same interests con
mine; the Pacific Coast R ailw ay (narrow ga u g e ),P o rt H arford, Cal., trol the Cambria Steel Co. V. 72, p. 678.
to Los Olivos, 80 m ile s ; the P ort Tow nsend Southern R R .; P ort T ow n
S t o c k .— C o m m o n s t o c k a u th o r iz e d , $ 2 5 ,0 0 0 ,0 0 0 ; o u t s t a n d in g , $ 1 0 ,send to Quilcene, Wash., 28 miles, and Olym pia to Tenino, Wash., 15 750.000 (par $100). Preferred, see table a oove. V . 72, p. 1241.
m ile s ; operates the Franklin Coal Co. ow ning the Franklin mine, with
D i v i d e n d s .—D ividends on preferred stock since recapitalization, 3 ^
3,050 acres coa l lands at Franklin and 2,083 acres at N ew Castle. See
V . 60, p. 954. In 1901, purchased Wash. & Alaska fleet.— (V . 73, p .4 4 7 ) per cent, paid Nov. 1, 1901; in 1902, May, 3*2 p c.
B o n d s .— Consolidated jo in t mortgage covers the p la n ts at Steelton,Pa.,
H is t o r y .—Su ccessor on D ec. 1 ,1 8 9 7 , to the O regon Im provem en t
Co., sold in foreclosu re and reorganized p. p l a n in V. 65, p. 412, 463. and Sparrow Point, Md., all o f the $1,000,000 stock o f the Maryland
Steel Co. and $697,500 o f the $1,500,000 capital stock of the Juragua
1900 to A ug., 1902. Iron Co.; $3,000,000 are reserved to retire the p rior liens. Car trust
D iv id e n d s — 1
1898.
1899.
2
2
Com., p e r c t . . 1
1 Q -F (4° per an.) notes Deo. 31, 1900, $250,000. V. 72, p 579.
a
4 1#
1 s t p r e f., p . c. [
5
1*4 Q -F (5% per an.)
R e p o r t fo r y e a rto Dec. 31, 1901, in V. 74, p. 881, showed: Earn
2 d p r e f., p. c .. J
4
3k*
1 Q -F (4% per an.)
ings o f operating com panies over charges and dt-pre<iation, $2.5 1 9 0 1 -2 . ___ G r o s s , $
E a r n i n g s .—1 1 m o s .,
>1,914; net, $92^,644 161,506, against $1,271,059 in 1900; dividends (paid to Penn. < o), $1,J u ly 1 to M a y 31.
( 1 9 0 0 -1 . ___ G r o s s , 4,670,709; n e t,1,025,699
150,750; bal., $1,010,756; total receipts o f Penn. C >., $1,215,062; bal.
over expenses ($30,581) and 7 per cent div. on pref. (including 3^%
R e p o r t .— Rep. fo r year ending June 30, 1901, in V .73, p. 953, 963,
showed gross earnings o f steamships and colliers, $ 3,2 14 ,5 81 ; net, paid May, 1902). $31,525; com bined surplus o f operating and holding
$418,134; rail lines, gross, $653,655 ; net, $337,232; coal departm ent, com panies. $1,042,282. D irectors, Oct. 1901, Y. 13, p. 1355.—(V. 74,
p.534, 8 3 3 ,8 8 1 ,1 2 5 5 , 13L2.)
etc., gross, $ 1,2 70 ,3 10 ; net, $395,505. D etailed results w ere:
Gross earnings.
. . . $5,137,546 |Interest on b on d s.............$222,300
P e o p l e ’ s G a s L i g h t A; C o k e ( C h i c a g o ) .—A n absolute consoli
O p.expenses and ta xes. 3,986,676 |D epreciation, etc. ........... 239,806 dation on Aug. 2 ,1 8 9 7 , o f the com panies form ing the old Chicago Gaa
‘ Div. on 1st pref. (5 % )___ 76,250 Trust.—V. 64, p. 1088; V. 65, p. 235. Mutual Fuel was purchased in
Net earnings................$1,150,870 D iv. on 2d pref. (4% )....... 160,000 N ovem ber, 1897, and early in 1898 consolidated, as was also the Hyde
In terest and d is co u n t..
52,849 D iv. on com m on (4% )___ 280,000
Park Co., with the P eople's Gas-Light A Coke Co. The Universal Gas
Co. (stock, $1,500,000) is con trolled in the com pan y's interest.—V.
T otal n et in com e....... $1,203,719
Balance, surplu s.......... $225,363
67, p. 179; Y. 68, p. 474. On N ov. 1, 1900, made a contract to pur
chase tbe p roperty of the Ogden Gas Co. lo r $7,000,000, at the ex
F or year 1899-00, gross, $5,290,443; net, $1,404,782.
O f f ic p ; r s , E t c .— Chairman o f the board, H enry W . Cannon; Presi piration o f the latter's franchise on Mar 4, 1945. v. 72, p. 91. 244,
dent, J. D. F arrell; Treas., John K ean ; V. P. and Sec., H. H. Durand, 630, 779; V. 74, p, 99, 155. In May, 1901, control o f Cicero Gas Co.,
E xecu tive Committee: H enry W. Cannon, E. H. H arrim an, D aniel 8. and in N ov., 1901, con trol o f the N orthwestern Gas Light & Coke Co. of
Lam ont. T. Jefferson Coolidge, Jr., and G rant B. Schley.—(V. 71, p. E vanston was acquired in the interest o f the com pany. V. 72, p. 1087;
V. 73, p. 1064, 630 As to Indiana Oil A Gas Co., see V 67, p. 690; V.
9 1 2 , 1 0 1 0 . 1 0 1 8 ; V 73, p 447, 902, 9 5 3 , 9 6 3 .)
68, p. 825, 11*2; V 71, p, 3 3 ,1 1 2 3 . In May, 190 \ control of the North
P a c i f i c M a i l S t e a m s h i p . — In N ov., 1900, the Southern Pacific
Gas Light A
Co. o f Evanston. Ill . w^s purchased by
Co. acquired $10,005,000 o f the stock. V. 71, p. 1015. In June, 1902, w estern interests; alsoCokeBlue Island gas fra-ichise a n d other prop
friendly
the
made a new traffic agreem ent fo r three years w ith the Panam a R R
erty o f the Calumet Gas & E lectric Co. Y. 74. p i 041, 1255.
V. 74, p. 125^.
P r o p e r t y .— In service January, 1902: Street mains, 1,796 miles;
D i v i d e n d s .— No dividends from 1887 until D ec., 1896, when 1 p. c.
meters, 323,089; public lamps, 24,911. See V. 66, p. 382.
was paid; in '9 7 ,2 p .c .; in ’ 9 8 , 2 h>p. o.; in '99, June, lk sp .c.; D e c .,l^ p .o .
In June. 1901, a settlement was reached with the city on the basis
n one since, surplus being invested in new vessels, etc.—V 70, p. 331.
o f the latter receivin g on accou n t of its percentage of the gross re
R e p o r t .— R eport for 1901-02 in V. 75, p. 133. On A pril 30, 1902,
ceipts (viz., 3^2 p. c. from illum inating and 5 p. c. from fuel gas) free
current liabilities were $15 ,050: due Southern P acific for advances, gas fo r 25,000 street lamps (this service to be valued at $350,000) and
$634,804; current assets, $732,049.
For these lamps W elsbacli burners (valued at $25,000), these to be
m aintained by the city; any surplus in the percentage above $375,Year ending A pr. 30.
1902.
1901.
1900.
1899.
Steam ships...................$1,883,413 $2,868,969 $3,509,840 $3,959,013 000 to be paid in cash. The con tract forbids the city to attack the com
Subsidies.......................
8,640
13,878
12,282
15,707 pany's franchise, but reserves to it the right to continue the Ogden
M iscellaneous..............
137,293
188,319
195,498
165,994 gas and 75-cent-gas suits. See V. 72, p. 1283, 1087; V. 74, p. 155. In
A ug., 1901, suit was brought b y the State to test the constitutionality
Total e a rn in g s....$2.029,346 $3,071,166 $3,817,620 $4,140,713 o f the Consolidation A ct o f 1897.—(V. 73, p 349.)
St o c k .— In Sept., 1901, stockholders subscribed to $4,300,300 stock,
Net earnings............... $-107,935
$167,821
$830,189 $1,116,336
raising the am ount outstanding to $32,969,100.— (V. 73, p. 496.)
D ividends (3 p. c.) in 1899-00, $600,000; bal., sur., $230,189.
MISCELLANEOUS
July , 1902 |
MISCELLANEOUS.
For explanation of column headings, &o., see notes on
first page of tables.
Phil.E 'ec.—Oon.—EdiS’nEleo.Tr.Ctfs.,g. (Ed. stk. as coll.)
Old Phila. Elec. Tr. Ctfs. (Penn. H. L. & P. stock as col.)
Pittsburg Ooal—Common stock, $32,000,000 ...................
Preferred stock, 7 per cent, cumulative, $32,000,000..
New M., gold, payable about $1,000,000 yea rly.............
Pressed Steel Oar C o.-S tock , oommon, $12,500,000........
Pref. stock (as to assets), 7 p.o., non-cum., $12,500,000
MoKee’ s R ocks purchase money m ortgage.....................
1st M., gold notes, red., due $500,000 y’rly, Feb.ITIo.o*
Procter < Gamble.—Common stock, $6,000,000.................
£
Pref. stock (8 p.e., cum.). See terms in ed. M ay,’93,Su p .
Pullman Company—Stock, $74,000,000..............................
Quicksilver Mining—Preferred stock, 7 p. c., not cum .......
Railway Steel Spring C o.-C om m on, $13,500,000.............
Preferred, 7 per cent, cum., $13,500,000 ........................
Republic Iron & Steel—Common stock, $30,000,000........
Preferred, 7 per cent, cumulative, $25,000,000..............
Royal B aking Powder—Common stock, $10,000,000.......
Preferred stock, $10,000,000, 6 per cent, cum ulative..
Rubber Goods M anufacturing—Com. stock, $25,000,000.
Pref. stock, 7 p. c. cum., $25,000,000 (bonds, see text).
St. Louis Ter. Oup. Sta. &P.—lstM .g.,red. 102 aft.’ 02. D u o 4
Singer (Sewing Machine) M anufac’g—Stock, $30,000,000
Sloss-Sheffield Steel & Iron —Common stock, $10,000,000.
Preferred stock, 7 per cent, non-cum., $10,000,000___
Sloss Iron & Steel Co. 1st m ortgage, g old .C o.. ..............
General mortgage, gold, subject to call at par . C o ...
STOCKS AND
Bonds— rin ci
P
INTEREST OR DIVIDENDS.
Date Size, or
pal,^When Due.
Amount
of
Par
Rate per When Where Payable, and by Stocks—Last
Bonds Yalue. Outstanding
Cent. Payable
Whom.
Dividend.
1896 $100&e
1898
1.000
•- •
,
100
100
1902 25,0 0
100
—
100
1901
___
__
__
___
____
....
__
1897
....
1887
1899
$1,994,300
11,266,700
30,030,700
29,701,200
6,000,000
12,500,000
12,500,000
235,000
1.000
4,500,000
100
5,250,000
100
2,250,000
100 74,000,000
100
4,291,300
100 13.500.000
100 13.500.000
100 27,191,000
100 20,356,900
100 10,000,000
100 10,000,000
100 16.941,700
100
8,051,400
500 &c.
3,000,000
30.000,000
7.500.000
6.700.000
.........
2,000,000
......
2,000,000
D ivs.— >’89. ’ 90. ’ 91 ’92.
’93. ’ 94. ’ 95. ’ 96. ’97 to M a y ,’02
P ercen t. 5 4
3
3 5% 4U}(11
280.) 6
2*3 l ^ 6 y ’rly(l 13 Q-F)
B o m s , E tc .—Of the $40,000,000 issue of 1897 $26,546,000 bonds
were reserved to retire prior bonds. The balance m ay be issued for
additional property, improvements or betterments.—(V. 65, p. 572.)
R epoet —R eport for year ending Dec. 3 1,1 90 1 , in Y. 73, p. 376
YEABS ENDING DEC. 31.
1901
1900.
1899.
M anufactured gas sold,
cubic fe e t................................................. 7,425,979,693 6,879,419,985
Gross incom e....................
$9,663,476
$9,090,337
$8,096,320
Net over oper. e x p ..........
$4,871,305
$4,642,550
$4,283,282
Interest on b ond s..............
1,«57,300
1,857,300
1,857,300
D epreciation....................
611,836
584,175
464,409
Balance for s t o c k ....
$2,402,169
$2,201,075
$1,961,573
Dividends, 6 p. 0...........
$1,784,633
$1,720,128
$1,720,128
Opficees .—Chairman o f Board, C. K. G. Billings; President, Geo. O.
Knapp; V.-P., A. N. Brady, 2d V.-P., Walton Ferguson; 3d V.-P., C. K.,
W ooster; Treas., W. S. MeCrea; Sec., L. A. W iley. Office, 54 W all St.
N. Y .—(Y. 74, p. 99, 155, 3 7 6, 778, 1041,1255 )
P h i l a d e l p h i a C o m p a n y ,—See Pittsburg, in Stb e e t E t . Sup
P h i l a d e l p h i a E l e c t r i c C o .—See page 173.
P i l l s b u r y W a s h h u r n F l o u r M i l l s C o .—
--(V. 74, p. 99.)
P i t t s b u r g C o a l C o .—See page 173.
P l a n t e r s ’ C o m p r e s s C o .—See page 173.
P . h o r i l l a r d C o m p a n y .—V. 70, p. 331, 1052; V. 73, p. 1267.
P o c a h o n t a s C o a l Sc C o k e .- S e e N orfolk & W estern Ry. and Y.
73, p. 1014,1211; V. 74, p 52, 1 1 9 4 .
P o s t a l T e l e g r a p h C a b le .—See C o m a ie k c ia l C a b l e C o .
P r e s s e d S te e l C a r C o .—O b g a n i z a t i o n .— Incorporated in New
Jersey on Jan. 13, 1899, as a consolidation of the F o x Pressed Steel.
Equipment Co. of Joliet, 111., and Pittsburg, Pa., and Schoen Pressed
Steel Co. of Pittsburg. Prospectus in Y. 68, p. 188,131. 8ee V. 71,
P -545■ Capacity of the works about 100 cars a day of largest size.—
V. 69, p. 745; Y. 7 0 ,p. 1000. Competition, Y. 73, p. 1316; Y- 74, p. 580.
Leases plant of Western Steel Car & Foundry, Hegewisch, 111., having
capacity of 50 wooden cars daily. Y. 74, p. 991, 835, 729.
B onds.—The first m ortgage gold bonds are subject to call at p a r and
interest on any interest day. V. 72, p. 343; Y . 74, p. 203.
D ividends .—On pref.: to Jan., 1900.1% p. c. paid quar. (7% per an.)
Div. period changed to Q.-F.; May, 1900, to May, 1902,1% p . e. quar
terly. On common, 1900, 6 p. c.; in 1901, 4 p. e. (Q -F.); in ’02, Feb., 1
p. e.; May, 1 p c.
L atest E a r n in g s —F or 3 months ending Mar. 31, 1902, gross, $7,419,66}; net, $1,025,118. against $139,330 in 1901; int. and deprec’n,
$126,849; div. on pref, ( 1 % p. c ), $218,750; div. on com m on (1 p. c.),
$125,000; bah, sur., $554,619. V. 74, p. 888.
R eport .—Report for year ending Deo. 31, 1901, with bal. sheet, was
“ V. 7 i, P; 203, showing: Not earnings, $1,927,925; depreciation,
$T43,6.::.>; div. on pref. (7 p c ) , $875,000; div. on com m on (4 p. c.),
$.500,000; balance, surplus, $409,290. in 1900 net earns., $2,075,181.
President. F. N. Hoffstot. N. Y. Office, 71 Broadway. New directors,
Jan., 1002, V. 74, p. 215.—(V. 74, p 835, 888, 941, 991,1255.)
P r o c t e r Sc f x i m b l e C o .—Formed in 1890 under laws o f New
Jersey to carry on soap, candle, oils and glycerine business. In
1900 1 stock was increased and bonds paid off. V.71, p.713, 817, 915.
Tne stockholders voted May 28, 1902, to increase the common stock
from $1,500,000 to $6,000,000, one-half o f the new stock being sub
scribed for by the common stockholders pro rata at $150 per share,
raising the amount outstanding to $5,250,000. V. 74, p. 991, 1200.
D iv id e n d s . . . > 1891. 1892 to 1897 incl. ’ 98. ’ 99. ’ 00. ’ 01.
1902.
On common ... 5 8
12 per cent.
20 20 20 12 Incl.Aug., 9
On pf. in full to July, ’ 02, Incl. Office, Cincinnati. (Y. 74, p. 1143,1200.)
(T h e) P u l l m a n C o .—On Jan. 1, 1900, the Wagner Palace Oar Oo.
aoui its assets to The Pullman Company, representatives o f the V an
derbilts entering the board of directors of the latter com pany, the
capital stock being Increased from $54,000,000 to $74,000,000, to
retire the Wagner Company’s $20,000,000 stock. Bee V. 69, p 854;
V. 70, p. 40. Orders in 1901, V. 74, p. 215.
Cash D i v id e n d s . - ( 1877-80. ’ 81-83. ’ 84-98. *99,1900. ’01. 1002.
Hlnce 1 8 7 7 - P. ct. { 8 yrly. 9ia y’ ly. 8 yrly. G8j 8
8 Incl.A ug.,6
In 1898 paid an extra cash dividend o f 20 per cent and stock dlvl( 60 per cent ($18,000,000), in order to distribute surplus assets.
t
J
— .87, p, 75, 789, 840, 902.
-V
R eport.—Report for 1900 01 was in V. 73, p. 898, Including Wag
ner Company since Jan. 1, 1900,
Tears ending July 3 1 .
1901.
1900,
Earnings fr o m e a rs...........................
{ $17,996,782
$15,022,858
Patent, royalties, manuf. prof., &©____(
i
Total revenue.......................................... $17,096,782
Operating expenses.....................
$7,378,199
$15,022,858
$6,1 12,655
D epreciation on oa rs, e tc .................
1 ,4 8 5 ,6 0 2
1,099,183
f Am other sleeping ear association.................................346,700 587,544
Dividends on capital stock .........................
5,019,886
5,519,720
S et surplus fo r year.......... .........................
iTes., Robert T. Lincoln, Ohio.
165
BONDS
$ 2 ,806,335
...............
$1,103,750
Bf, Y „ 15 Broad 8 t.—(V.74, p, 215.)
Q u i c k s il v e r J l l i i l n g . —860 Hrrrp, of Oot.. 1897; V. 72, p. 1241.
!
5 g.
Philadelphia.
Aft. A pr.,1946
5 g. A. & O. LandTit. &Tr. Co. .Phila. Apr. 1, 1948
7 in 1901
5 g•
4 in 1901
7
4
5 g.
12 in ’01
8 in 1901
8 in 1901
Checks mailed.
Q .-J .
Q .-F .
Pittsburg, Pa.
See text i Tradesmen’ s B u ild-)
See text ( ing, Pittsburg, Pa. 5
J u ly2 5,’02,l%
Feb., ’ 03-’ 08
May 28, ’ 02, 1
M ay21,’0 2 ,13*
1909
F. & A.
To 1911.
Q—
F.cj Cincinnati,0. ,Co. Office. Aug. 15,’ 02,3%
t4 .-J .r j
do
do
July 15,’02,2%
Q .-F . N. Y ., Farm. L. & Tr. Co. A ug.15,’02,2%
a%
N. Y., Of., 20 Nassau St. May 9, ’0 2,1
See text.
Q.-M.
7 in 1901
Q.
J.
Atlantic Trust Co.
J’ e20," 02,134%
’
General Office, Chicago. July 1 , ’02, 1%
6
Checks mailed.
Q .-J .
See text. Q .-J .1 5
Checks mailed.
do
do
7 in 1901 Q .-M .15
4 ^ g. J. & D. New Y ork and London.
7 in 1901 Q -M .
June30,’ 0 2,lia
J u ly l5 ,’0 1 ,l%
J u n el6 ,’0 2 ,l%
June 1. 1917
Juue30,’ 0 2 ,l%
7 in 1901 Q .-J . N. Y. Guaranty Tr. Co. July 1 , ’02, 1%
6 g. F. & A. N. Y ., Central Trust Co. Feb. 1, 1920
do
do
fe
Apr. 1, 1918
41
= sg. A. < O.
Q u i n c y M i n i n g . —Y. 71, p. 185; V. 72, p. 187, 3 9 0 ; Y. 74, p. 3 T 6 ,
s t e e l S p r i n g C o .— O b g a n i z a t i o n .— Incorporated in
; New Jersey on Feb. 25, 1902, as a consolidation of the A. French
Spring Works, Pittsburg, Pa.; Charles Scott Spring Works, Philadel: pliia, Pa.; Detroit Steel < Spring Works, etc. V. 74, p. 382, 482. Official
fe
! statement, V. 74, p. 984. In June, 1902, purchased the Steel-Tired
1 Wheel Co., issuing $3,500,000 each o f common and preferred stock
therefor. V. 66, p. 185; V. 72, p. 444; Y. 74, p. 1041,1200; Y. 75, p.
80. Total capacity o f all plants acquired, 13o,750 tons annually. No
I bonds. Aggregate net earnings in 1901 o f properties consolidated,
$1,762,081; in 1900, $1,556,967. Chairman of hoard, deceased;
: President, J. E. French; Sec., M. B. Parker; Tr^as., James C. Beach,
! Asst. Treasurer, Frank Carnahan. Directors, V. 74, p. 1200.—(V. 74, p.
9 8 4 , 1041, 1200; Y. 75, p. 80.)
R a ilw a y
R a p i d T r a n s i t F e r r y . —See Su p ., Oct., 189 7; Y. 68, p. 1134.
Sc S te e l C o .—O b g a n i z a t i o n . —Incorporated in
New Jersey on M ay 3 ,18 99 , to consolidate 29 plants making bar and
forge iron, being practically all the plants in theCentral and Southern
States west and south of Pittsburg. V. 68, p. 872. A lso owns 7 blast
furnaces, mining properties in the Mesaba range, in the Lake Supe
rior region, extensive iron and coal lands, including those belonging
to Pioneer Mining & Mfg. Oo. of Birmingham, Ala,, and the coke plant
o f the Connellsville Coke Co. (See V. 71, p.ygy.) F or list of properties
merged see prospectus, V. 68, p .6 7 4 ; Y. 68, p. 1227; V. 69, p. 339,
850,1151; statement, Y, 70, p. 228; report, Y. 71, p 454.
Stoc k . —Com m on,$30,000,000; pref. (as to assets and dividends), 7
per cent cum., $25,000,000; o f which $2,809,000 com mon and $4,693,100 preferred, reserved to purchase additional properties. Annual
capacity of finished m aterial over 1,000,000 tons. V. 71, p. 453.
D i v i d e n d s .— On pref., July 1 ,’ 99, to July. ’02, 7 p.o. yearly (1% Q.-J.)
R e p o r t - R eport for 6 mos. ending Dec. 31,1901, with balance sheet,
was in V. 74, p. 325, showing: Net profits, $ i ,419,549; improvements
and repairs, $486,426; div. on pref. stock (3 ^ per cent), $711,616;
bal., sur., $221,507.
R eport f ir year ending June 30, 1901. in V. 73. p, 552,
showed: Net profits, $1,034,238; improvements, renewals, deprecia
tion, etc., $725,149; div. on pref. (7 per cent>, $1,421,679; bal., def.,
$1 ,112,384. August Belmont is a director.
Oeeicebs .—President, A lexis W. Thompson; Secretary, Y. B. Haags
ma; Treasurer, J ohn F. Taylor. Main office. Stock Exchange Bldg.,
Chic. Directors, Sept., 1901, Y. 73, p. 555, 1268; V. 74, p. 1143,
R e p u b lic I r o n
R l i o d e I s l a n d P e r lt fm s H o r s e s h o e , —Seepage 173.
R o y a l B a l l i n g P o w d e r C o ,— O b g a n i z a t i o n .— Incorporated in
Feb., 1899, underthe laws of New Jersey, and m erged Cleveland Bak.
ing Pow der Co., R oyal Baking Pow der Co., New York Tartar Co.,
Tartar Chemical Co. and Price Baking Powder Co. See V. 71, p. j y j .
D ividends .—On pref., to July, 1902, incl. 6 p. c. per an .— m quar.
Dividends on the com mon stock at the rate of 8 per cent yearly, it is
understood, have been paid.
Pres., Chas. O. Gates; Vice-P., A. H. Porter, Jr.; Treas., John Morris;
Sec., W. L. Garey. Office, 100 W illiam St., N ew Y ork.—(V. 72, p. 679.)
R u b b e r G o o d s M a n u f a c t u r i n g C o .—O b g a n i z a t i o n .— In co r
porated in New Jersey on Jan. 26, 1899, and acquired 99% per cent o f
the stock of the Mechanical Rubber Co., 75 per cent o f the stock o f
Morgan & W right, Chicago, 111.; the entire capital stooks of the Peer
less Rubber Mfg. Co. of N. Y. and of the India Rubber Co.of Akron, O.,
and the entire stocks of Sawyer Belting Co., Hartford Rubber Works
Co., Indianapolis Rubber Co. and Peoria Rubber & Mfg. Oo. V. 68, p.
189. See official statement in V. 68, p. 872. V. 68, p. 774; V. 71,
in Feb., 1900, acquired capital stock of Am. Dunlop Tire Co.
Stoc k , E tc.-S to c k authorized, common, $25,000,000; pref., 7 p. c.
cum., $25,000,000; par $100. Outstanding, com mon, $16,941,700 ;
prof., $8,051,400. IMvldends on pref., June, 1899, to Juno, 1902,
7 p. c. per an. (1%% Q.-M.) On com mon, July, 1900, to July, 1901,1
I>. o. quar. The bonded debt o f com panies controlled consists of:
♦S4r
f,50<) Mechanical Rubber Oo. 1st slaking fund gold 8s, duo Jim. I, 1018;
1883,12.') N V. H illing & Packing 1st. mort. sink, fund dob. O , duo Jim. 1, 1918,
h
subject to call at 110, and $19,000 Anier. Dunlop Tiro 6s, duo 1998.
Tile authority to Issue $5,000,000 bonds on pledge of the com pany’ s
securities would, it wus expected in July, 1902, not bo availed or.
R eport .—R eport for year ending Doc. 3 1,1 90 1 , in V. 74, p. 774,
showed: Net Income, $1,276,803; dividends on preferred (7 p. o.),
$503,598; div. on common (2 p. o.), $338,834; bal.. sur., $374,431.
O fsiokrb ,—A lden S. Swan, Pres.; Kogeuo Underhill, Vice-Pres,;
James B. Taylor, Tinas.; W. A. Towner, Heo. Con. o/lloe, New Bruns
wick, N. J. Directors, April, 1902, V. 74, p. 778. -(V. 74, p. 1200.)
S a fe ty (lu r n e a t i n g Sc I, lu ll t i n g . O rganization .- incorpor
ated In fs8 7 in Now Jersey. Manufactures "Plntsoh’ * light an pa ra
tine which In 1901 was In use on 17,500 cars In the United States,
Including2,483 Pullman oars. Block authorized, all common, $5,000,0 0 0 ($iO() shares); outstanding. $4,849,000, Dividends: 18H9 to
1892, 4 p. o. yearly; ’93 to ’ 97, (! p. o.; ’ 98 and *99, 8 p.o.; 1900 to July,
1902, Inclusive, 8 p. n. yearly (2 p. e. quarterly); also In Oot.. 1901, 3
p, c extra div. In cash and on Hopt 2, 1901, 10 p, o in nt.nok. V. 73,
р. 394. No bonds. Statement for year ending Mar. 31, 1902, showed
ootnhlnod not earnings of Safety and Plnlsoh companies, $741,422;
dividends on Safety fjo. stock <I 1 per coiit), 1 507,762; dividends on
Plntsoh Co. preferred stock (0 p. e.), $18,000: bal., sur., $218,800*
P res, Robert Andrews. Directors Include: A. P Hepburn, Thomas
с , Plni.t, Edward Laul erliaoli and Robert Andrews, of Cast, Orange;
8. R. Callaway, B. M. Dixon and Randolph Parody. Mala Office, 1(10
B’ way, N Y. (V. 74, p. 1O il, 1 0 8 7 . )
166
INVESTORS’
SUPPLEMENT,
rvot,. LX X V.
Bo
Princi
MISCELLANEOUS.
IN TEREST OR DIVIDEN DS.
Date Size, or
pal,W hen Due.
A m ount
Par
of
Rate per When W here payable and by Stocks—Last
F or explan ation o f colum n headings, &c., see notes on
Bonds Value. Outstanding
Cent. Payable
Whom.
first page o f tables.
Dividend.
1900
1896
1896
....
....
1900
....
1899
....
1883
1887
1887
1890
1901
....
1898
1892
___
....
1890
....
___abt . $11500000
$ 1,000 abt.3489000
2,261,000
10 0
97,500,000
1,000
2,785,000
1,000
6,805,330
1,0 0 0
1,404,000
100
25,000,000
5,000,000
2,500,000
100
1,0 0 0
2 ,886,000
100
22,801,600
1,0 0 0
27,000
1,0 0 0
3,399,000
1,0 0 0
1,251,000
500 &c.
2.741,500
1,000
3,000,000
440,000
1,0 0 0
1 , 100,000
1,0 0 0
930,000
100 . 16,000,000
1 1 ,000,000
10 0
10 0
3,000,000
10 0 &c.
2 ,200,000
10 0
1 0 , 000,000
10 0
4,000,000
10 0
4,015,000
S t. L o u i s T * r n i . , C u p p l e s S t a t i o n & P r o p . C o .—See p age 173.
S l i e l b y S t e e l T u b e t o . —In 1901 m ost o f the stock was acquired
b y the U. S. Steel Corporation. V. 73, p. 349; V. 72, p. 1285; V. 7 3 ,p.
8 6,3 49 . See S u p p . o f J an., 1902.
S i l v e r B u l l i o n C e r t i f i c a t e s . —See page 173.
S i n g e r ( S e w i n g M a c h i n e ) M f g . C o .— O r g a n i z a t i o n .— In cor
porated in 1873 in New Jersey under special act. Plants are located at
Elizabeth, N. J., and K ilbow ie, near G lasgow . Stock, $30,000,000, h av
in g been increased in D ec., 1900, b y 200 per cen t stock dividend,
capitalizing surplus. V. 71, p. 1224, 1273, Cash dividends, as ro
ported, were: In 1898, 30 p. c.; in 1899, 100 p. c.; in 1900, 20 p. c.
D ividends on stock as increased 1901 to June, 1902, incl., 7 p .c. yearly
(paid Q.-M.) Office, 149 B roadw ay, N ew Y ork . —(V. 72, p. 483.)
S l o s s - S li e f f i e ld S t e e l & I r o n C o .— O r g a n i z a t i o n .— In c o rp o r
ated in New J ersey , and in N ov., 1899, acquired several p rop
erties or stock representing the same. See prospectus, Y. 69, p. 286;
V. 70, p. 1099; V . 71, p. 185,545*; Y . 72, p 779. Stock, $2,500,000 com
m on and $3,300,000 p ref. w as reserved fo r a steel p ian t and future
requirements. See a pplication to list, V. 70, p. 1200, show ing proper
ties, rights o f preferred shares, balan ce sheet, etc.; also V . 72, p. 774.
D ividend s on preferred, A pril, 1900, to Ju ly, 1 9 0 2 ,7 p. c. yearly
(Q.-J.) Earnings for 6 months ending May 31, 1902 (partly esti
m ated), net. $518,240; bond int. and taxes, $120,000; div. on prer.,
$228,000; bal.. sur., $170,240. R eport fo r year ending Nov. 30, 1901,
iven at length in V. 74, p. 627, 633, showed, net, $696,119; int. on
onds and taxes, $233,489; div. on p ref., 7 p. c., $469,000; def. fo r
year, $6,369. T otal surplus Nov. 3 0 ,1 9 0 1 , $539,730. President, J. C.
Maben; Sec. and Treas., J. H. M cQueen, Birm ingham , A la .—(Y. 74, p.
583, 6 2 7 , 6 3 3 , 732, 888, 1255.)
S o u t h e r n & A t l a n t i c T e l e g r a p h .—Leased to W estern Union
(w hich ow ns $390,475 o f stock) and stock guaranteed b y rental 5 p. c.
S o u t h e r n N e w E n g . T e l e p h o n e . — (Y. 74, p. 156, 271, 4 7 6 .
S o u t h Y u b a W a t e r C o .—See page 173.
S t a n d a r d M i l l i n g C o .— See page 173.
S t a n d a r d O i l . — O r g a n i z a t i o n .— This N ew Jersey corporation su c
ceeded in June, 1899, to the Standard Oil properties, held by liquidat
in g trustees.
See S u p p l e m e n t fo r A pril, 1899, and V. 68,
p. 1227 ; V. 69, p. 28. Controls petroleum oil refineries in all the prin
cip al N orthern cities o f the United States, and produces about 65 per
cen t o f the cou n try’ s total output o f refined o il; also con trols oil wells
in Pennsylvania, Ohio and W est Yirginia, and has pipe lines fo r trans
m itting its oil to tidew ater. V. 66, p. 1239; V . 69, p. 745; Y .7 1 , p. 1273.
S t o c k .— Common, $100,000,000; $10,000,000 preferred canceled.
D i v i d e n d s — 5 1 8 9 1 -9 5 .1 8 9 6 . 1897. ’ 98. ’ 99. 1900. ’01.
1902.
P e r c e n t........... (1 2 a yr.
31
33
30
33 48 48 In cl. June, 30
In 1900, M arch, 20 p. e.; June, l O p .o .; Sept., 8 p. c.; D ec., 10 p. c.; in
1901, Mar., 20 p.c.; June, 1 2 p .c.; Sept., 8 p c.; D ec., 8 p.c.; 1 90 2,Mar., 20
p. c ; dune, 1 0 %.
O f f i c e r s .— President, J. D. R o c k e fe lle r ; Treasurer, W. H. T ilfo r d ;
Secretary, C. M. Pratt. Office, 26 B roadw ay, N. Y.
D i r e c t o r s . - J. D. R ock efeller, W illiam R ockefeller, H. M. Flagler,
J. D. A rchbold, H. H. R ogers. W. H. T ilford, C. M. Pratt, O, H. Payne,
Paul B abcock, C. W. Harkness, J. A. M offett and F. Q, B arstow .—
(V.73, p. 1014, 1212, 1364; V. 74, p. 330.)
S t a n d a r d R o p e & T w i n e C o .—See page 173.
S u a q u e . I r o n & S te e l C o .—See S u p p fo r O ct., 1901; V. 75, p. 81.
S w i f t & C o . —O r g a n i z a t i o n .— In corporated in Illinois A pril 1,
1885. Has packin g plants at U nion Stock Y ards, Chicago; at South
Omaha, Kansas City, East St. Louis, South St. Joseph and South 6t.
Paul and branch houses fo r distribution o f its goods in nearly every
large city in the Union. V. 68, p. 87. See also S u p . o f Oct.. 1900. In
June, 1902. arrangements w ere made to purchase con trol o f the A ngloA m erican Provision Co , having a large plant in Chicago, and probably
some other assets of Fow ler Brothers. Lim ited (V. 72. p 244; V. 71,
p. 344; V. 70, p. 326); also for the purchase o f the Kansas City p ack
in g plant o f Geo. F ow ler, Son & Co. V. 74. p 1359; V. 75, p. 81.
S t o c k a n d B o n d s .— Stock w as Increased in Jan.. 1899, from $15.000,000 to $20,000,000, and in Jan., 1902, to $25,000,000. Dividends
since 1888: ’ 89 to ’94, incl., 8 p. c.; ’95 to July, ’98, incl., 6 p .c .; Oct.,
’ 98, to July, 1902, 7 p. c. Bonds, see table above.
R e p o r t .— R eport f o r year ending Sept. 3 0,1 90 1 , with bal. sheet, w a s
in V. 74, p. 92, showing: Sales (over), $200,000,000, against $170,000,000 in 1900 and $160,000,000 in 1899. Net earnings in 1900 1
above depreciation, repairs, etc., $2,700,000. Pres., G. F Sw ift; Treas.,
L. A. Carton; Sec.,D . E. H artw ell; Asst. T reas.,I. A . Vant. (V. 75, p. 81.)
T a m a r a c k M i n i n g C o .— V. 74, p. 835, 8 8 2 , 1 14 3,1200.
T e m p l e I r o n C o .—See page 173.
f
M. & N.
I s - Semi-an
48 in ’01 Q .-M .
F. & A.
8 *
6
J. & J.
7 in 1901 Q - J.
5 g. J. & J.
J. < J.
fc
6
4 g. J. & J.
«>
C
I
Standard Mill'g—Stock ($6,900,000 is pref. 5% non-cum.)
First m ortgage, gold, $6,250,000_M i>.C e.....................c*
TT-prlp/rlyinfr m ortgages undisturbed................... ..... .......
Standard Oil—Stock, $100,000,000.......... .............................
Stand. Rope < Twine—1 st M., g., s. f., to call at 105.M a .e*
&
Consol. M., non-cum ., incom es, g., to call at p a r.-.C e .c*
Susqueh’na Coal.—lstM .,g u . p. & i., s. f. n ot sub. to c a ll.c
Swift < Oo.— Stock, $25,000,000.............................................
£
1st M., $5,000,000, gold, call after July, 1910.. A C —
Temple Iron — Stock, $5,000,000, guar. See t e x t ..............
Mort. & coll.tr. bonds, $15,000,000, g .,g u .,s .f.,te x t.G .c*
Tenn. Coal I. <£RR. Oo.—Stock ($2 38,000is 8 % cum. pref.)
P ratt Coal & Iron Co., A la., 1st M., s. f., n ot draw n ..,.c*
B irm ’ gh’m, A la., D iv .,co n . M .,g., s. f. 1%> n ot d’rn .ce .c *
Tennessee Div. hds, g., s.f. l 1 % yearly, n ot dr’n C e ..c x
^
De Bard. M., g., ass., s. f., $30,000 y ’ ly, n ot dr’n .F ..c*
Tenn. Coal Iron & RR. g e n .M .,g .,$15,000,000. U n ...c *
Ala. Steel & Shipbuilding, pref. 6 p. c. cum ., g u a r.........
1 st m ortgage, guaranteed, g o ld .M a ...............................
Cahaba 1st M., $1,100,000 g., gu., s. f., red. at llO .C e .c*
TJnion B ag d Paper—S t o c k , c o m m o n , $16,000,000 .........
&
P ref. stock (as to as. and d iv.),7 p .c., cum ., $11,000,000.
Union Ferry—Stock................................ ....... ...........................
1st M., gold, red. at 110 after Nov. 1 ,1 8 9 5 ......................
Unton Typewriter—Com m on stock .........................................
1st 7 per cen t preferred stock, cu m u lative ..........................
2 d preferred stock, 8 per cent, cu m u lative .........................
7
M. & N.
6 g. J. & J.
6 g. A. & O.
6 g. F. & A.
5 g. J.
6
J.
6 g. J.
6 g. J.
& J.
& J.
& J.
& D.
Nov. 1, 19S0
N ew York.
1911 & 1922
N. Y ., 26 Broadw ay. J u n e l 6 , ’02.10
N .Y., M anhattan Trust. Aug. 1, 1946
Aug. 1, 1946
Phi la. Co.’ s Office.
Jan., 1911
July 1, ’ 02,1%
N. Y ., N .B k.of Rep. & Ch. July 1, 1914
N. Y. Guaranty Tr. Co. July 1, ’02, 3%
N. Y., Guar. Trust Co. Jan. 1, 1925
N. Y ., H an over Bank.
See text.
do
do
Nov. 1, 1903
do
do
Jan. 1, 1917
do
do
Jan. 1, 1917
do
do
Feb. 1, 1910
New York.
July 1, 1951
N, Y ., H anover Bank. July 1 , ’ 02, 3%
ao
do
July 1, 1928
do
do
Dec. 1, 1922
7
Q .- J . N. Y ., First Nat’l Bank. July 1, ’02, 1%
2 in 1901 Q .- J .
Co. office, Brooklyn. July 1, ’ 02, * %
3
5 g. M. & N. N. Y ., Corn Exoh. Bank. Nov. 1, 1920
Apr. 1, ’02, 3
7 in 1901 A. & 0.
Apr. 1. ’ 02. 3*3
See text. A.
0.
Apr. 1, ’02, 4
preferred stock. Y. 70, p. 591. The com m on stock, all ow ned b y the
Tenn. C. I. & RR. Co., carries control o f stock.—V. 66, n. 1 0 0 2 ,1 2 3 5 ;
V. 67, p. 127, 801; V. 70, p. 1196; V. 72, p. 584.
D i v i d e n d s .— On com m on in 1 8 8 7 ,1 p er cent; in 1900, 6 p. c.: n one
since to July, 1902. Preferred paid in full to A ug , 1902; see below .
St o c k . - T h e authorized com m on stock was increased in 1900 from
$20,000,000 to $23,000,000. (V. 70, p. 382, 483, 589.
B o n d s .- Of the $15,000,000 general gold 5s o f 1901, $3,000,000
were sold to com plete the steel m ill at Ensley, having an annual ca
p acity o f 100,600 tons o f rails and 200,000 tons o f steel and other
form s, $10,653,500 being reserved fo r existing bonds hearing 6 and
7 per cen t interest, and the balance fo r im provem ents. The m aking
o f rails was begun in January, 1902.—Y. 72, p. 876, 940, 989; Y . 73, p.
86, 554, 1117.
L a t e s t E a r n i n g s .— Earnings fo r the 6 mos. ending June 30,1902*
were: T otal incom e, $1,234,989; fixed charges, $392,201; depreciation*
$233,001; div. on pref. (4 p. c.), $13,243; balance, surplus, $596,535.
R e p o r t .— R eport for 1901 in Y. 74, p. 985, show ing o u tp u t: Coal,
4,085,086 tons; cok e, 1,179,855 tons; iron ore, 1,415,723.
Year end. Dec. 31—
1901.
1900.
1899.
1898.
Tot. net p rofits.........$1,725,638
$2,347,027
$1,865,705
$868,383
Tnt. on bonds, & c
862,189
705,282
577,832
616,434
(0
76,962
26,974
Bad debts, & c.......................
D ividends.................
19,864
1,497,876
.............
.............
Balance fo r y e a r ...s r .$ 8 4 3 ,585 sr.$143,869 sr.$ l,21 0,91 1 sr.$224,975
The dividends as a bove in 1900 include 6 p. c. on $15,964,600 com
m on stock and 54 p. c. accum ulated and other dividends on $1,000,000 preferred stock, since m ostly retired; in 1901, 8 p. c. on unretired
preferred. F rom surplus, $843,585, as above in 1901, was set aside
fo r sinking fund fo r ore and coa l rem oved, $359,234; ad d itiors to r e
serve and insurance funds, $151,094; w ritten off fo r depreciation,
$89,447; bal., $243,809, used to reduce valu ation o f plant account.
D i r e c t o r s (Mar.,’0 l ) —Cord M eyer, James T. W oodw ard,D . H. B acon,
B. F. Tracy, O. H. Payne, E. R. Chapman, James H. Smith, W illiam
B arbour, A. B. Boardm an, F. S. W itherbee, G. M cCoy and H enry S.
Manning, o f New Y ork; W alker Percy and Charles M cCrery o f Bir
mingham, A la .; Chairman o f B oard, D on H. Bacon; President,
(vacancy); Secretary and Treas’r L. T. Beecher, 100 B roadw ay, N. Y
— (Y. 73, p. 1117; V. 74, p. 100, 9 8 5 , 1143; V. 75, p. 136.)
T e x a s & P a c . C o a l C o ,— See page 173.
T e x a s P a c i f i c L a n d T r u s t . —V . 7 4, p. 7 2 5 , 941, 1256.
T i d e w a t e r S t e e l C o .—Y .73, p .3 6 ,1 4 2 ,856; Y. 74, p .5 3 5 , 991.
T r e n t o n P o t t e r i e s C o .— Stock, $3,000,000, o f w hich $1,250,000
is 8 p.c. non-cum. preferred; S u p . A pril, ’ 97. Div. on p ref.. 2 p. c., paid
A p ril 10, 1900; last previous June 11,1 89 4 ; July. 1900, to Jan., 1902,
both incl., 8 p. c. yearly—2 Q.-J.; Mar., 1902, 2 p .c., June, 2 p. c. In
June, 1902, $550,0004 p. c. incom e certificates were issued to fund the
44 per cen t accum ulated dividends on pi eferred, the latter being made
8 p. c. non-cuniulative, per plan V. 74, p. 1256. The certificates are
subject to call fo r a non cum ulative smiting fund o f $25,000 yearly,
beginning Jan., 1903. payable out o f re t profits, if any, over interest
on certificates and dividends on preferred. V. 75, p. 81 —(V. 74, p.
1256; Y. 75, p. 3 3 ,8 1 .)
T r o w D i r e c t . P r i n t . & R ’ k f i i n d . — Y . 69, p .1 0 6 0 ; V .7 1 .D .P 6 2 .
U n i o n R a g «fc P a p e r C o .—See page 173.
U n i o n D e p o t C o ; o f C o l u m b u s , O .—The P. C. C. & St. L. owns
a half interest in this p rop erty .—(Y. 63, p. 117; V . 64, p. 804.)
U n i o n F e r r y . —Operates five ferry lines betw een New Y ork and
B rooklyn. Capital stock is $ 3,000,000; par $100. The m ortgage covers
19 ferryboats, real estate, etc. D ividends: In 1 89 4,4 p.c.; 1895, 4; in
1896, 4; in 1897, 4; in 1898, 3 ^ ; in 1899, 3; 1900, to Ju ly, 1902, 2 p. 0.
(L> p. c. Q.—J.) As to proposed new ten-year lease, see V. 72, p. 940,
1 03 8,1 1 40 ; V .7 3 , p .8 6 , 187. Pres., J. D. F a ir ch ild —(Y. 73, p. 1064.)
U n i o n L e a d & O i l .—See V. 73, p. 1067; V. 74, p. 100, 1146.
U n i o n S w i t c h & S i g n a l . —Y . 7 2, p. 4 4 4 ,4 7 9 ; V . 7 4 , p. 67 8.
U n i o n T y p e A V r i t e r . — Organized in 1893 in N ew Jersey. A
com bination including W yckoff, Seamans & B enedict (Remington)
Y ost W riting M achine, Am erican W riting M achine (Caligrapli), Smith
Premier T ypew riter and Densm ore T ypew riter com panies.
As to decision in July, 1899, see V. 69, p. 82. See also V. 69, p. 1305.
D iv id e n d s .
’93. ’94. ’ 95. ’96. ’97. ’98. ’ 99. 1900. ’01.
1902.
1st 11ref erred, p .o ... 3*3 7 7 7 7 7 7
7
7 Apr.,
2d preferred, p. 0 . . . 0
0 6 6 8 8 8
16
16 Apr., 4
First dividend on com m on stock, 3 per cent, paid Apr. 1,1902.
Pres., Clarence W. S eam an s; Sec.. Geo. K. Gilluly. Office, Jersey
City, N. J . - ( V . 72, p. 584; Y. 74, p. 634.)
T e n n e s s e e C o a l I r o n & R a i l r o a d C o m p a n y . —O r g a n i z a t i o n .
U n i t e d B o x B o a r d «fc P a p e r C o .—See page 173.
—Owns blastfu rn aces, coal mines, iron mines, foundries, <feo., in Ten
U n i t e d C o p p e r C o . o f M o n t a n a . — O r g a n i z a t i o n .— Incorpor
nessee and Alabam a.—V. 55, p. 60, 463. V. 63, p. 31.
On July 1, 1899, purchased for $850,000 the Sheffield (Ala.) ated in New Jersey on Apr. 28 and owns about 95 pe cen t o f the stock
Coal, Iron & Steel Co., including three furnaces, etc., and on Ju ly 5, and all tne bonds o f the M ontana copper properties developed by F.
1899, the E nsley Land Co., ow ning 75,000 acres o f land. W ith these Augustus H einze and associates, producing about 42,000.000 pounds
annually, viz.: M ontana Ore Purchasing Co.. N ipper Consolidated Cop
acquisitions included, the Tenn. Coal, Iron & RR. Co. is the ow n er of
per Co.. Minnie H ealey C opper M ining Co., Corra R ock Island Copper
20 Iron furnaces (several n ot in operation) o f a total capacity o f about
850,000 tons o f iron annually, and also o f coa l and iron lands a ggre M inng Co. and B elm ont Copper M ining Co. V. 74, p. 942.
Stock authorized, com m on, $75,000,000; present issue, $45,000,000,
gating 450,000 acres.—V. 69, p. 8 2 ; V. 68, p. 1227; V. 70. p. 588."
On Nov. 30, 1899, the A labam a Steel & Shipbuilding Co. plant was balance being re^ervod for now properties; pref. 6 p. c. cum.; $5,000,opened at Ensley City. The plant w ill have ten open hearth furnaces 000. Par o f shares, $100. V. 75, p. 139. No bonds.
O f f i c e r s .— President, F. Augustus Heinze; Vice-Presidents, Arthur
o f 50 tons each and a cap acity o f 1,000 tons o f steel billets and slabs
daily, and w ill be leased to the Tenn. Coal Iron & RR. Co., which P. H einze and John McGinnis ; Treasurer, Stanley Gifford; Secretary.
guarantees its $1,100,000 6 per cen t bonds, and $440,000 6 p e r c e n t R ichard Lacey. D irectors, V .7 4 ,p . 1146,—(V. 74, p. 1200; V. 75, p. 139.)
July , 1902.]
MISCELLANEOUS
STOCKS
AND
BONDS.
167
Bonds—Princi
INTEREST OR DIVIDENDS.
Date Size, or
pal, When Due.
Amount
of
Par
For explanation o f column headings, &c., see notes on
Rate per When Where payable and by Stocks—Last
Bonds Value. Outstanding
first page of tables.
Whom.
Cent. Payable
Dividend.
MISCELLANEOUS.
United Oojrper—Common stock, $75,000,000....................
....
$100
Preferred, 6 per cent, cum., $5,000,000.............. .............
100
United Electric Co. o f Si. J.—1st mort., gold. See t e x t ... 1899 500 &o.
__
United F)'u>t—Stock, $20,000,000........................................
100
D eben.,$5,000,000,g.,O B ,con v ,red.at 1 1 0 aft. Jan.,’ 03 1901
1,000
N o.B y.of Costa B ica,lstM .,g.red.l05,s.f.& in t.gu .O B .o* 190Q
1,000
....
United 0 as Improvement Co—Stock, $28,250X 00 .............
50
United Shoe Machinery—Common stock $12,500,000___ . . . .
25
Preferred stock, 6 per cent, cumulative, $12,500,000 .. . . . .
25
U. S. Cast Iron Pipe < Foun Co.—Pref.stk., 7 p.o.,non cum.
£
100
Underlying bonds—See text.
U.S. Cotton Duck.—Stk., $30,000,000 (half 6% cum. pref.)
1,000
Mt. Yernon-W oodberrv 1st M., gold, $8,000,000----- o* 1599
do
do
incom e M., $6,000,000....................... 1899
1,000
....
100
U. S. Envelope—Pref. stock, 7 p. o., cum., $4,000,000---1st Mort., g., red. after 1908 at 104. s. f ............. ........... 1898
1,000
Deben., gold, $25,000 due yearly, red. at 101, beg. 1907 1902
United States Express—Stock....................................................
100
United States Leather—Common stock, $ 6 4 ,0 0 0 ,0 0 0 ...Ce
100
....
100
Preferred stock, cumulative, 8 p. o., $64,000,000........
Deb. $10,000,000, g., s. f., 4 p. c., sub. to call at 1 1 0 .Ce. 1893
1,000
100
United States Mortgage <■Trust—Stock..................................
£
1st mort. trust S“ E ” & “ F” g.,red. after 10 yrs.c,'<fer 1897-8 1,000
bonds.
( “ G” to “ M ” g., red. after 5 years.c* ’98-’ 02 100 &c.
United States Rubber—Common ($25,000,000 authorized)
100
Preferred ($25,000,000 authorized) 8 p. c.n on -cu m ....... —
100
$45,000,000
5,000,000
16,110,000
4 g. J. & D. Tit. Gu. & Tr. Co., J. C.
12,369,500 See text. Q.—J. is
Boston, Mass.
4,000,000
5 g. M. & S. Boston, Old Col. Tr. Co.
do
do
1,600,000
5 g. M. ft 8.
Q .-J .1 5 Philadelphia, Office.
See text.
8
10,758,500 8 in 1901 Q.—J. is
Boston.
6
Q.—J. is
do
9.936,425
12,303,150 See text. Q .-M . N. Y ., Thomas & Post.
See text.
(?)
(?)
3,750,000
2,000,000
250,000
10,000,000
62.882.300
62.282.300
5,280,000
’ 2,000,000
2,000,000
8,000,000
23,666,000
23,525,500
5 g5
See text.
6 g.
5 g3^2 i n ’01
M.
J.
M.
J.
F.
M.
&
ft
&
&
&
&
S.
J.
S.
J.
A.
N.
6 in 1901
6 g.
13 in ’02
4 g.
4 g.
2 in 1900
8 in 1900
Q .-J M. & N.
J. & J.
Various
Various
Q .- J .
June 1, 1949
July 14,’ 02,11s
Sept. 1, 1911
Sept. 1, 1915
July 15,’02,2%
July 15,’ 02,2%
July 15,’ 02,11©
Sept. 1, ’ 02, 1
Cont’l Trust Co., Balt.
See Chron . Jan. 25,’ 02.
N. Y., Prod. Ex. Tr. Co.
Boston, Old Col. Tr. Co.
Sept. 1, 1949
Jan. 1, 1950
Mar. 1, ’02, 2is
Aug. 1, 1918
Feb., 1903-12
N. Y ., Office, 49 B ’ way. May 15,’02,2y&
None paid.
Office, 26 Ferry St, N. Y. July 1, 02, l 1
©
N. Y .,P ark B k .; Boston. May 1, 1913
N. Y.,Office, 59 Cedar St. J’n e30 ,’0 2 ,7 %
do
do
1917-1918
do
do
1918-1922
Office, 9 Murray St.N .Y .1 pr.30,’0 0 ,1%
A
Jan.31,’0 1 ,1%
do
do
U n i t e d E l e c t r i c C o . o f N e w J e r s e y .—See page 174.
D i v i d e n d s . ) ’ 90. ’91. ’ 92. ’93. ’94. ’ 95. ’ 96 to ’ 00. 1901. 1902.
S in ce’ 9 0 ,p.o. ( 4
2
2
4
2
0
3 yearly.
3 ^ May, 2.
U n i t e d E l e c t r i c S e c u r it ie s C o .—V. 73, p. 86; Y. 74, p. 216.
In 1901 representatives o f the Adams and Am erican Express com
U n it e d F r u i t C o .—Organization .—Incorporated in New Jersey panies and other interests entered the directory.—(V. 73, p. 794.)
on March 30,1899, to control the tropical fruithusiness. Y. 68, p. 620,
U n i t e d S ta te s F l o u r M i l l i n g . —See Standard Milling.
979, 1134; V. 69, p. 909, 1016. Stock authorized, $20,000,000; all
common; par $100. Issued, $12,369,500, as increased in Dec., 1900.
U n i t e d S ta te s L e a t h e r .—Ineorp. Feb. 25, 1893, in N. J.—V. 56, p»
757; V. 57, p. 23; V. 61, p. 114; V. 71, p.557, 817. Output, sole leather.
Y. 71, p. 393.
_
Official statement, v. 69, p. 854. Properties owned, see reports Y..71,
S t o c k .—W ording of pref. certificate is in editorial in May 1, ’ 9 3 , S u p p .
p. 1011, 1020, and V. 73, p. 1060. Y. r, 4, p. 1095. A s to Northern By.
D i v i d e n d s . 1895. 1896. 1897. 1898. 1899. 1900. 1901.
1902.
of Costa Bica, see V. 71, p. 1067. Dividends, October, 1899, to April,
Pref erred, p .o . 6
1 4
4%
5
6
6 Inel.JTy,4t®
1901, 10 p. o. per annum; July, 1901, to July, 1902, 6 p. c. yrly. (Q.- J.)
Overdue on preferred: May 1 ,18 93 , to July, 1902, 3 6 iis P- c.
B onds .—D ebentures fo r $3,000,000 w ere issued in 1901 a n d $ l,B o n d s .— Sinking fund 4 p . o. o f issue yearly, the debentures to he pur
000,000 in June, 1902 ; they are convertible into stock at the option
of the holder after Jan. 1, 1903, and ate subject to call in whole or in chased or drawn at 110. Debentures for $9,653,000 have been certi
part at the option of the company after Jan. 1 ,19 03 . V 73, p. 240, 295, fied by the trustee, but on Dec. 31,1 90 1 , only $5,280,000 outstanding
and $1,800.00" in the treasury; o f the latter about $400,000 to be re
496.
R epo r t .—Second report fo r fiscal year ending Aug. 3 1,1 90 1 , with tired by sinking fund about Aug. 1 , 1902. V. 7 4 , p . 7 3 2 . See adv. ins
C h r o n i c l e o f May 6 ,18 93 , and application Y . 57, p. 23.
balanee sheet and remarks infu ll, was in Y. 71, p. 1060,1066.
A n n u a l B e p o e t .— Fiscal y e a r ends Dee. 31. R eport fo r 1 9 0 1 , in V..
Net
Earnings Other
MUcel. Dividend Balance,
74, p. 477, gave m erely balance sheet showing profit and loss surplus
Fiscal Earnings. Hub. Cos. Income. Charges. (on Slock, Surplus.
o f $5,460,880 on Deo. 3 1,1 90 1 . In 1900 surplus was $4,540,870.
Tear
$
$
$
$
$
$
O f f i c e r s —President, E, C. H oyt, New Y ork City, N. Y.; See’y, Jo si ah
1900-1,-1,304,027 def. 52,051 68,161 221,580 (9)1,084,767 13,790
1899-0.-1,594,669 net 219.141 18,005 260,022 (10)1,119,257 452,535 T. Tubby, Brooklyn, N. Y .; Treasurer, James B. Plum, N. Y. City.
N. Y. Office, 26 Ferry S treet—(V. 7 2 ,p. 4 3 6 ; V. 74, p. 4 7 7 , 482, 732.)
Total surplus Aug. 31,1 90 1 , $1,163,933.
U n i t e d S ta te s M o r t g a g e & T r u s t C o ,—S eep age 174.
A ndrew W. Preston, Prest.; Y ice Prest., Minor C. Keith; Treas’r,
U n i t e d S ta te s C o a l & O il C o .—See page 174.
Charles A. Hubbard; Sec’y, Bradley W. Palmer. Directors Oct., 1901,
V. 73, p. 794. Gen’l offices, 60 State S t , Boston, Mass.— (V. 73, p. 240,
U n i t e d S ta te s R u b b e r . —O r g a n i z a t i o n a n d P r o p e r t y .— Or
295, 495, 7 9 4 ,1 0 6 0 ,1 0 6 6 ; V. 74, p. 1095,1256; Y. 75, p. 81.)
ganized under laws of New Jersey in October, 1892, for the m anufac
( T h e ) U n i t e d G a g I m p r o v e m e n t C o .—Organized 1882inPenn- ture o f rubber hoots and shoes, etc. A pplication to N. Y . Stock Exeh.
syivania; reorganized in 1885. Charter is perpetual and business is in 1892, Y. 55, p. 1039; see V. 56, p. 5 39 ; Y. 71, p. S45- In 1893 ac
the building, leasing and operating of gas works. In 1900 operated in quired five additional concerns. In Sept., 1898, purchased the>
over 30 leading cities in the U. S. See list V. 70, p. 1000,944. In 1900 stock of the Boston Shoe Co. fo r $1,000,000 cash, $4,125,000 pre
increased stock from $15,000,000 to $22,500,000. - Y . 70, p. 8 7,592,944. ferred and $3,500,000 com m on stock, the Shoe Co. having first issued
Owns control of the Connecticut B y. & Lighting Co., a consolidation $5,000,000 gold bonds to its stockholders; see V. 67, p. 905. V. 66, p.
In 1900; also of United Lighting & Heating Co. Y. 70, p. 944; Y. 71, 6 9 1 ,7 3 8 ,8 0 2 ,9 0 5 . Owns three-fourths o f the rubber boot and shoe
p. 609, 1273; V. 72, p. 679; Y. 74, p. 430. In April, 1900, obtained output of the U. S. V. 74, p. 733. Companies outside “ trust” June,
practical control of the gas and electric-light business adjacent to 1900, see V. 68, p. 574. 675,725; V. 71, p. 37, 1317; V. 72, p. 92; V.
New York City except Long Island.—(V. 70, p. 850; Y. 71, p. 1 17 5) 73, p. 1318; V. 74. p. 100. In 1899 sold rubber tire business to RubIn Mar., 1902, purchased the Harrisburg, Pa., Gas C o„ and in May, ber Goods Mfg. Co —V 69, p. 1106. E xports of rubber boots and shoee
1902, arranged for control of the street railway, gas and electric for 1 901,1900 and 1899, see Y. 73, p. 622.
s t o c k .— Preferred stock has preference as to assets and earnings,
properties in Providence and vicinity. V. 74, p. 684, 892, 1 0 9 0 ,1 1 4 0 ,
and no bonded or m ortgage debt can be created without consent in
1358.
Stock .—Stockholders voted on May 5, 1902, to increase the stock writing of holders of three-fourths o f each class o f stock. Common is
to $28,250,000. Of the new stock, $5,625,000 was subscribed fo r by entitled to all surplus after eight per cent on preferred. See warding
stockholders at par, payable in equal instalments May 31, June 30, of pref. certificate in editorial o f May, 1893, S u p p l e m e n t .
1893. ’94. ’ 95. ’ 96. ’ 97. ’ 98. ’ 99.
1900,
1901.
Sept. 1 and Oct. J, 1S02, part of the proceeds being used to take up the DIVS., p. et.
Com m on........ >
0
0 21
© 0
2
0
2
2
None
$1,000,000 debenture bonds falling due July 1, 1902, the balance for
Preferred...... 5
8 p. c. yearly—■ 1f6
8
8
8
Jan., 1
improvements and acquisitions; this raises the amount outstanding to
$28,125,0.-0, V. 74, p .3 8 2 .
T In 1897 paid on preferred in Jan., 4%; July, 2%.
T
D ividends —Since 1 8 8 9 ,8 p. c. per annum, payable quarterly. In
In Jan., 1901, dividend on preferred stock was reduced; none has
Jan., 1896, x>aid extra dividend of 15 p. c. In convertible scrip.
been paid since. V. 72, p. 118, 679,1033,
For 3 mos. ending Mar. 3 1,1 90 2 , gross revenue, $1,403,872, against
F unding N otes .—The funding notes o f 1902 are secured by deposit
$1,212,294 in 1901.
For calendar year 1901 gas sales in city o f Philadelphia, as reported o f notes o f Hie subsidiary companies aggregating $12,000,000, and
to city authorities, were 4,200,313,150 cu bic feet, as against 3,911,- were issued to discharge the entire floating debt, including that of the
599,400 in 1900; receipts ($1 per 1,000 feet), $4,200,313, of which city subsidiary companies. Under the trust instrument the net quick as
sets o f all tbe companies, excluding real and fixed properties, shall
received 10 p. c.
never he less than $15,(JOO,< 00; in addition the value of the 16 plants,
R e p o r t for 1 0 0 1 , in V . 7 4 , p. 9 8 5 , s h o w e d p r o fits o f $ 2 ,5 3 5 ,2 8 8 .
all unencumbered, was estimated at $12,500,000. V. 74, p. 684, 733.
President, Thomas D olan; Secretary and Treas., Lewis L illie, Broad
A n n u a l B epoet .—Fiscal year ends March 31. Gross sales for 12
Arch Sts., Phil a. Directors, V. 70, p. 1053.—(V. 74, p. 382, 430, 684,
mos. ending Mar. 31, 1.902, $45,917,536, against $32,224,216 in 1900-1.
892, 942, 9 8 5 , 991, 1146, 1256,1359; V. 75, p. 81.)
The annual statement for year ending March 31, 1902, was given in
U n iie d .Shoe M a c h i n e r y C o —S eep age 174.
V. 74, p. 1087.
1902.
1901.
10CO.
1899.
I lilte d S ta te s O ast I r o n FIjieA r, F o u n d r y d o . —ORGANIZA
$58,380 $265,022
$3,233,773
$3,410,381
TION.—Incorporated in New Jersey on Mar. 13, 189!), to unite com pa Gross Incom e.......
Rent, exp ’ses, etc.
476,489
'2 0 3 ,0 1 6
225,886
189,867
nies controlling the larger part, of the cast-iron pipe business of the
U. H V. 68, p. 430. For list of properties see prospectus In V. 68, p.
.
Balance..............def.$418,100
$02,606
$3,007,887
$3,220,514
233; V. 69, p. 757; V. 71, p. 1124. Dividend on preferred, 1% percent
............... (3)3705,7 05 (8)31,882,040 (8)$1,882,040
Dec., 1899, to June l, i 900, inclusive, 1 'H p. o. quarterly (7 per cent per Dividends on pref
......................................
(4)940,040
.................
annum); In 1902, Mar., 1 p. e.; June, 1 p, o ; Sept., 1 p. e. Com, and Dividends on com
pref. stocks authorized, $15,000,000 each; outst’ g, common, $12,349,$179,207
$1,344,474
Bftl. fo r y e a r , d e f $ 4 1 8 ,1 0 9 d f,$ 6 4 3 ,1 5 9
295; preferred, $12,326,223.
823,522
108,913
P r e v io u s su rp lu s
2 5 ,0 1 3
8 3 2 ,7 0 3
Bo n d s .— Un d e r ly in g b o n d s , A m e rica n P ip e < F o u n d r y G o., $ 1 ,1 9 4 ,
fe
170,020
029,864
D op reo’ n ifelosses
7 1 7 ,2 4 0
1 0 1 ,8 8 1
O 6s (hit, ,J. ft J.)
DD
V. 7 0 , p. 87; V. 7 4 , p. 1359.
D ir e c t o r s .—Sam u el T h om a s, G eo. 8 . H a y e s , C o lg a te H o y t, A. O.
O verh olt, |J. F. O v e r h o lt, G. K. B u rke, K. G. F u ller, A n th o n y H. B ra d y ,
G eorge J. L on g . A. IT. C a lla h a n , V. J. G o o d lie a r t, D a v id G iles, \V.
'I' 0. C a rp e n te r and K. K. T h om a s.
ID p o r t . ID-port fo r y e a r e n d in g M ay 31, 1 9 0 2 , w ith b a la n c e sh eet,
V. 75, p . 37, >ho w ed; T o ta l n et in c o m e , o v e r h it,, and Im prove,rneiha
$71 i . H i , si,s/;iiii*t $ 2 1 0 ,5 3 I In 1 9 0 0 0 1 ; r e s e r v e fo r v. ot lfle g ca p ita l,
$2>:;9,h21 . d iv . on p ro f. (2 p. c .), $ 2 4 6 ,0 6 3 ; b a t , s u r ,,$1 7 5 ,2 9 1 .
OpercEHS t're.s., George B. K a y o ; D t Vice■
Presided , Geo J, Bong!
2d Vice President. A F B allatian; Hoe. and T re a s., II. F. 11uuyli ton
OtlUe, 80 Broadway, N. Y. (V. 74, p, 8 2 8 , 991.1359; V. 75, p. i 7 )
I n lti’ d s ta te « Go it o ii O u c h O o r p o r a l l u n . See page 174.
U n ite d S t a t e s E n v e l o p e ,—Son pago 174
( u l t e d s ta te * K i p r e M . —An “ a s s o c ia tio n ” o r g a n iz e d u n d e r the
or New York S ta te in 1 8 5 4 ; not. In c o r p o r a te d . O p e ra te d D ec,,
1H0D, nn a b o u t 3 0 ,0 0 0 m ile* o f rail road In th e U n ited HUltes.
f t>
p ^ , u,n Btooh w a s In creased $3,000,000, to $10,000,000, and the
Baltimore ft Ohio Bxprnsn was p u rc h a se d , As to M e tr o p o lita n E * p r o s*
’ ° , orga n ized In 1900 with $500,000 s t o c k , see V. 7 2 , p 92.
Hur. A p r il l . . d e f $ 1 ,1 1 0 ,3 4 5
$ 2 5 ,0 1 3
$ 8 3 2 ,7 0 3
$ 8 2 3 ,5 2 3
T h e " g ro s s In co m e ” In 1 0 0 2 w a s m ade u p o f resu lt* from o p e r a
tion s o f p la n ts an d d iv id e n d s on In v e stm e n ts, $ 1 1 5 ,8 0 2 , a n d Of lose
fro m c o m m is s io n on sa le s o f r u b b e r b o o t s and s h o o s, $ 5 7 ,4 2 1 .
D irectors .—H
amuel P, Colt, if. 10, Converse, Janies it. For.!.
J. Howard Ford, J. D. VerineulC, Henry L. Hotchkiss, Lesiei Lelillul,
Frederick M, Hhepu.nl, F. 8. Converse, uOHtello 0. Converse, Frederick
0. Hayles, Francis Lyndo Hlclion, Francis L. Hlne. Middleton 3. line
rill, E, C, Benedict; I’ resldcnt, Huumcl B. C oll; Vice Pres., Costello G.
Converse; 2d Vice Pres., Foster Leland; H oc,, Samuel Norris J r.; Tretis.,
James it. Ford; John J. Watson J r.,A ss’ t. Tree , N. Y. Office, 9 Murray
HI. (V 74, p. 091, 1005.)
( l i l t e d M i l i e u M l l|» h i l l I d i l l " C o . —O l«s ANRATION, I n c o r p o r
ated In N ow J e r s e y on June 17, 1002. a n d acquired I ho fo llo w in g
i W p b u ild in g c o n c e r n s o r th e ir c a p ita l M oi'lm free from all lien s, viz.;
Urn, II Iren W ork1 Hsu I'nitleisoo; Hyde Wlmlln*"' Go. Of list 1 , Me.; Hath
',
•
Iron W orks. Hath, Me.; Creneent Shipyard nut) the HiimUpl fa M oore ',k Hone
('o.. Kllm helheart. N. J . ttnnleftl Hblplmlldintt Go.. Now I.undoti. Oomi ; liar
Inn .V 1 udlotfs wnr i li Co.. V I linlnto oil, D ot; l 'a ml a M moifneliiilmi do., Car
1
V
teret. N, J .
168
INVESTORS’
SUPPLEMENT,
[VOL. L X X Y .
Bonds—Princi *
IN TEREST OR DIVID EN DS.
Date Size, or
pal,W hen Due.
A m ount
Par
Rate per When Where Payable, and by Stocks—Last
of
F or explanation o f colum n headings, &c., see n ote on
Cent. Payable
Bonds Value. Outstanding
Whom.
first page o f tables.
Dividend. .
___________________ MISCELLANEOUS.___________________
United States Rubber—{Concluded)—
Collat. fund, gold notes, $12,000,000, red. at p a r .M o .c
B oston R ubber Shoe Co., g o ld ,b o n d s ..............................
U. 8. Shipbuilding Co.—Com. stock, $10 000.000 a u th ...
P ref. stock, 6 per cent, n oc-cu m ., $10,000,000 auth___
1st m ortgage, $16,000,000, gold, Series A .O T «. ....... c*
Beth. Steel purch. mon. M. fo r Betti. Iron , g.G P .c*& r.,
Beth. Iron, 1st m ort.. assumed b y Beth. Steel C o .F P .o *
United States Steel Corporation—Com. stk , $550,000,000
Preferred stock, 7 p er cen t cum ulative, $550,000,000
Collat, tr m
o o o o o o ^ n ot red#f s. f. (te x t). . . c*&r
coiiat.Tr.i\i.,$dU 4,ouu,uoo i rod.at 115,8.f.(text) Usc*&r
C oll. tr. 2d M., $250,000,000, g., s i . , red. 110 art. 1912
B onds
of
C o m p a n ie s C o n t r o l l e d —
Illinois Steel debentures, (no longer con v ertib le)....... c*
N on-convertible debentures, A & B ............................. c*
E lg. Jol. & E. 1st M. ($10,000,000) g ..C e ................... o '
Duluth & Iron R ange, 1st m o r tg a g e .M p ................... c<fcr
2d m ortgage, curren cy, red. at 105, $5,000,000. Ce.c*
J oh n son C o.of P a .ls t M .,red.$100,000 S e p .l,y ’ly .U s . .c
A m erican Steel & Wire m ortgages........... .......................
Am. Steam s'p 1st M., g .,g u ., p.&i.end., s.f I S
..c& r
Carnegie Co. col. tr .M .,$ o r £ ,s .f.,r e d at 105 a f/O S .U sc*
F rick Co. M., s. f., red. at 105, $100,000 y ea rly ..............
A m erican Tin Plate m ortgages ...........................................
N ational Steel m ortgages ($250,000 are 5 s )...................
Pittsburg Bessemer & Bake Erie R R .—See that com pa
1902
1898
$5,000 $12,000,000
1,000
4,800,000
14,500,000
1,000
5 g. J. & J. N. Y ., M ercantile Tr.Co.
Q.—F.
1,000
7.500.000
1,000
I s - F. & A. Phila. F idelity Trust.
1.351.000
100 508,495,200 See text. Q .-M . N. Y ., Off. Em pire Bldg.
100 510,314,100 See text. Q .- F .
do
do
1901 l,000& o j 303450000 5 5 g Various N.Y., J.P. Morgan & Co.
do
1901 l,0 0 0 & c
do
do
(
5 g.
1902
See text.
5 g.
1902
1901
1886
1,000
1890
1893 500 &c.
1,000
1891
1887 l,000& c
1,000
1896
1,000
1894
1900
1,000
1900 l,0 0 0 & c
ny und er R R s.
T h e Bethlehem Steel Co. was also purchased, enabling the com pan y
to build battleships com plete w ith armament, arm or and all eq u ip
m ent. V. 74, p. 1313.
The new com pany w ill have, it is stated, ov e r $5,000,000 w orkin g
ca p ita l, besides contracts on hand aggregating m ore than $36,000,000,
on w hich the estim ated profits w ill exceed $5,000,000, or sufficient to
p a y interest and sinking fund charges fo r 5 years. The T ru st Co. of
th e R epublic financed the consolidation. V. 74, p. 1258.
I^Stock authorized, $10,000,000 each o f com m on and 6 per cen t non<cuiuulrtive preferred. The bonds ($16,000,000 series A , o f w h ich
$1,500,000 in the treasury) are secured b y w first lien on the plants
nam ed above, except the Bethlehem Steel Co., appraised at over $20,000,000. A ddition al first m ortgage bonds can be issued on ly to ac
q u ire new plants and equipm ent and fo r im provem ents upon the
ap p rov al of a m ajority o f the outstanding bonds.
E arnings . —E stim ated annual average net earnings, $2,225,000;
Interest on bonds, $800,000; sinking fund, $200,000; 6 per cen t on
preferred shares, $600,000; leavin g for dividen is on com m on shares
a n d fo r betterm ents and reserve, $625,000.
D i r e c t o r s .— H enry T. Scott and Irvin g M. Scott, San Francisco,
Cal.; John S. H yde and E. W. H yde. Bath, Me.: Charles R. H anscom ,
N ew London, Conn.; H orace W. Gause, W ilm ington, Del.; Lew is N ixon,
Chas. J. Canda, Daniel Le R oy Dresser and J. J. M cCook, o f New Y ork.
— (V. 74, p. 1258, 1312..
U n i t e d S t a t e s S t e e l C o .— O r g a n i z a t i o n .— In corp ora ted In W est
Va. on Sept. 5, 1899. Y. 69, p, 909. M anufactures “ Ju p iter ” steel
fro m steel scrap or refuse b y patented processes; p lan t at E verett,
Mass. V. 69, p. 1017. Stock authorized, $3,000,000; par o f shares,
$ 5; outstanding February, 1901, $1,780,000. D ividends from D e
cem ber, 1899, to Jan , 2 7,1 90 1 , inclusive, 12 per cen t yearly (changed
to Q.-J.). B alance sheet Mar. 31, 1900, Y. 70, p. 1094. President,
H. B. Whall; Treas., Chas. S. Miller; See., H. R. Bradstreet. Office,
145-147 O liver Street, B oston, M ass.—(V. 73, p. 240, 290.)
U n i t e d S t a t e s S t e e l C o r p o r a t i o n . — O r g a n i z a t i o n .— In co rp o r
ated in New Jersey on Feb. 2 5 ,1 9 0 1 , and acquired per plan in Y. 72,
p. 441, 679 (see also V. 73, p. 349), practically all the stock o f th e lead
in g steel com panies o f the Central West, viz.:
lotalstock.
Total stock.
Federal Steel, c o m ..................$4:6,484,300 Am er. T in Plate, c o m . 2^,000,000
do
6 p. c. p r e f... 53,260,900
do.
7 p.c. pref. 18,325,000
C a rn e g ie .................................... 156,800,000 A m er. St. H oop, com ... 19,000,000
N ational T ube, c o m ............ 40,000,000
do.
7 o. c. p ref.. 14,000,000
do
7 p. c. p re f.. 40,000,< 00 A m er. Sh eet St., c o m ............ 24,600,000
National Steel, com ..................82,000,00<>
do.
7 p. c. pref. 24,600,000
do
7 p. c. p r e f... 27,000,000 L . Sup’orC on . I. M ines.29,4/5,940
Airier. Bridge, c o m ............... 30,527,800 Shelby Steel Tuber, com
. 8,175,000
do.
7 p. c.'p r e f. . . 30,527,800
do
do
7 p. c. pf. 5,000,000
A m e r. St. & W ire, com .
. 50,000,000
do.
do.
7 p.c.pref. 40.000.0001
Y. 72, p. 483; Y. 74, p. 273, 434, 991, 1042.
r o p e r t i e s O w n e d . —The properties ow n ed are described unoffi
cia lly in a general w ay as follow s: 75 blast furnaces, w ith a cap acity
o f about 8.500,000 tone o f p ig iron yearly, o r over half that o f the
U nited States; 149 steel w orks and 6 finishing plants, in clu d
ing bar mills, structural steel and plate m ills, tin plate works, sheet,
w ire rod and nail m ills, w ith an annual ca p a city o f about 9,000,000
ton s o f finished m aterial; 18,300 coke ovens; about 70 per cen t o f the
ore mines o f the Lake Superior region, p rodu cing in 1900 12,724,900
tons; 87,589 acres o f coa l lands, about 30,000 acres o f surface lands in
the coke region, and 112 lake vessels, etc.—V. 72, p. 4 8 3 ,1 0 3 8 . In
June, 1901, a m ajority o f the capital stock o f the Shelby Tube Co. w as
purchased on terms, V. 73, p 349.—V. 72, p. 1285; V. 73, p. 86. Coke
properties, V. 73, p. 290. In Jan,, 1902, 50,000 acres o f coal lands
w ere leased b y con stitu en t com panies from the Pocahontas Coal &
Coke Co. on a royalty basis, on which w ill be erected at least 3,000
m odern coke ovens, w ith a ca p acity o f at least 1,500,000 tons o f cok e
V. 74, p. 52, 274. A llian ce w ith Allis-Chalm ers Co., V. 74, p. 271.
President Schw ab’s estim ate o f earnings and value o f p rop erty was in
Y . 75, p. 139.
Sto c k .—Of the $550,000,000 each o f com m on and preferred stock,
$508,486,300 preferred and $506,473,400 com m on w ere issuable to
acquire the stocks of the constituent com panies above nam ed [excep t
Shelby Com pany since acquired], aggregating $247,613,700 preferred
and $299,234,100 com m on, and to supply w orking capital, the new
collateral trust bonds being also issued in con n ection with the purchase
o f the Carnegie Company. In Dee., 1901, p ra ctica lly all o f the old
stocks had been acquired. The purchase o f Shelby Steel Tuberequired
$2,037,800 com m on and $1,875,000 preferred . V. 73, p 349, 394, 448.
to proposed retirem ent o f $200,000,000 preferred stock by e x
change fo r new second m ortgage bonds, see B onds below . Large
stockholders M ay, 1902, V. <5, p. 81.
D i v i d e n d s — D ividends on preferred, 1% p. c., quarterly, paid A u g.,
1901, to A ug., 1902, incl. On com m on, 1 p. c., quarterly, Sept., 1901,
to Sept., 1902, incl.
B o n d s .— The collateral trust 5 per cent bonds are secured b y all
th e securities owned. Of the $304,000,000 bonds, $160,000,000 w ere
issuaole $ fo r $ in exch an ge fo r the Carnegie Co. bonds and the bal
ance, together with a portion o f the com m on and preferred stock, for
the $160,000,000 stock; $154,000,000 o f the bonds (series A, C and E)
are subject to call in w hole or part at 115 per cen t after A pr. 1, 1911;
a sinking fund o f $3,040,000 yearly, beginning June 1, 1902, can
purchase bonds if obtainable at not exceedin g 115 and interest, and
a fter A pril 1 ,1 9 1 1 . m ay be applied to the redem ption of series A , C
and E bonds to be draw n by lot.
On May 1 9,1 90 2 , the stockholders approved a plan (see Y. 74, p. 584,
Y33, 892.) for issuing $250,000,000 5 per cent second m ortgage collat
o ra l trust bonds fo r the retirem ent o f $200,000,000 preferred stock and
raisin g $50,000,000 additional w orking capital fo r the corporation and
its subsidiary com panies, to be used as follow s: For the purpose of
P
M.&S.15
N ew York.
Mch. 1 5,1905
! e- F. & A.
Office, 9 M urray St. N. Y. Aug. 1, 1908
5 g.
2.922.000
6.900.000
7.852.000
6.732.000
1,000,000
1.300.000
101,656
5.452.000
500.000
1.709.000
195.000
4.092.000
J. &
5
A.. &
5
5 g. M. &
A. &
5
J. <
fc
6
M. &
6
J.
do
do
0 . N .Y., Off., E m pire Bldg,
N.
do
do
0.
do
do
J.
do
do
S, N. Y ., U. S. Trust Co.
J u ly 1, 1932
Aug. 1, 1998
Feb., 1907
Sep. 3 0 /0 2 ,1 %
A ug. 1 5 /0 2 ,1 9*
Apr. 1, 1951
Apr. 1, 1951
1962
Jan.
A pr.
May
Oet.
Jan.
To
1, 1910
1, 1913
1, 1941
1, 1937
1, 1916
1914
5 g. M. & N.
N ov. 1, 1920
5
A. & O. N .Y.,U.S.Tr.Co.,or Lon. Apr. 1, 2000
5 g. J. & J.
J u ly 1, 1919
5 &6
T o Deo., 1912
‘ ‘harm onizing” and in som e cases m odernizing the plants, $25,000,000;
to pay fo r additions m ade during the preceding year, $15,000,000, and
for purchase m on ey obligations incurred fo r properties acquired
shortly after organization (in 1901), $10,000,000. This w ill increase
the entire w orking capital to about $106,000,000. The preferred stock
holders to have the right to subscribe pro rata fo r the new bonds at
par, giving in exchange $200,000,000 o f the preferred stock and $50,000,000 in cash. A sinking fund of $1,010,000 annually, with accum u
lated interest, to provide fo r the retirem ent o f the bonds. The plan
has been underwritten. The new capital is expected to add $ 10,000,000
to $15,000,000 to the earning pow er yearly, and w ill effect a saving of
$1,500,000 in the charges ahead o f the com m on stock.
In June, 1902, an in ju n ction was issued restraining the conversion
o f the preferred stock into bonds, but the case has been appealed; this
does not preven t the issue o f the $50,000,000 bonds authorized fo r
im provem ents. V. 74, p. 1313, 1359; V. 75. p. 81, 139.
A m erican Steamship bonds, see V. 74, p. 1146.
H istory o f the principal properties, as given in C h r o n i c l e , m ay be
ascertained through in d ex on p age 166 of I n v e s t o r s * S u p p l e m e n t
fo r A pril, 1902.
L a t e s t E a r n i n g s .— Statem ent fo r half-year ending June 3 0 ,1 9 0 2 ,
in V. 75, p. 28, showed: Net earnings. $64,407,153; int.. f-ink. fund,
depreciation, etc.. $15,916,456; div. on p ref (3 8 p .c .) , $17,860,335;
>
div. on com m on (2 p. c.), $10,166,63
div. on outstanding stocks o f
subsidiary cos., $106; bal., sur., $20,463,623. See also Y. p. 75, 139.
E a r n i n g s .— F iscal year ends Dec. 31. R eport fo r the nine months
ending D ec. 31, 1901 (D ecem ber estim a tei), was given in fu ll in V.
74, p. 272 (see also editorial, p. 233). R eport for year ending Mar. 31,
1902, V. 74, p. 726, 985, showed: Total net earnings, $111,067,195;
sinking fun ds and m aintenance, $15,399,695; interest on bonds, $15,200,000; div. on pref. (7 p. c.), $3 5,682,832; div. on co n m on (4 p. c.),
$20,309,601; div. on outstanding stocks o f subsidiary cos,, $25,350;
bal., applicable to surplus, or new construction, $24,449,717.
DIRECTORS.
To Feb., 1905.
J. P. M organ,
M arshall Field.
Francis H . P eabody,
John D. R ock efeller,
D aniel G. Reid,
Charles Steele,
H enry H . Rogers,
W illiam H. M oore,
J. D. R ock efeller Jr.,
A lfred Clifford,
Charles M. Schwab,
N orm an B. Ream ,
Elbert H . Gary
R o b e rt Bacon,
P eter A . B. W idener,
R ob ert Bacon,
Jam es H . R eed,
N athaniel Thayer,
Abram S H ew itt,
Edm und C. Converse,
H en ry C. Flick,
„
W illiam Eden born.
. . . . . .
Clem e it A . G riscom .
Jam es G ayley,
O f f ic e r s .—President, Charles M. Schw ab; First V ice-P res., Jam es Gayley;
S ec’y and Treas., Richard Trim ble; C om ptroller, W illiam J. Filbert.
E x e c u t i v e C o m m i t t e e —Elbert H . Gary, Chairman; Daniel G. R eid, W il
liam E denborn, Edm und C. Converse and Charles Steele.
F in a n c e C o m m it t e e .—G eo. W . Perkins, Chairman: H en ry H . R ogers, N or
man B. Ream , P. A . B. W idener.
To Feb.. 1904.
To Feb.. 1903.
Office, 71 B’ way, N ew Y ork City.—(Y. 75, p. 2 8 , 81, 139.)
C h e m i c a l C o .— O r g a n i z a t i o n .— In corp or
ated on Sept. 1 2 ,1 8 9 5 , and has acquired m ost o f the su ccessfu l manu
factories o f com m ercial fertilizers from Balt, to A tlan ta and Savannah.
V. 68, p. 431; V. 69, p. 2 32 ,96 4 ; adv. in C h r o n . Mar. 4, *99; V. 72, p.444.
See application show ing properties ow ned, etc., V. 72, p. 1186; V. 72,
p. 1191, 1285; V. 73, p. 137, 240; V. 74, p 942, 1095; V. 75, p. 81, 140.
The Southern Cotton Oil Co., $7,992,200 o f whose $10,000,000 stock is
ow ned, operates the cotton oil properties ow ned b y the Chemical Co.,
and also various outside properties. See V. 73, p. 240, 1 37 ,13 6 5.
S t o c k .— The stockholders voted od July 17, 1901, to authorize an in
crease in the com m on stock from $12,000,000 to $38,000,000, the new
stock to be issued for cotton oil, etc., properties, recen tly purchased,
and from tim e to time as required; outstanding Deo., 1901, $27,984,400.—Y. 73, p. 36, 137.
D iv id e n d s —(P. c.) .. 1 1896.
1897 to Mar , 1902, inoL
1902.
C om m on ................> D ec., 1
4 yearly.
June, 1*4
Preferred, 8 p .c ... ) In full to July, 1902, inclusive (paid Q.-J. 15).
C o l l a t e r a l T r u s t O b l i g a t i o n s .— In July, 1902, it was proposed to
issue $7,000,000 short-tim e collateral trust obligations, secured by
stock o f the subsidiary com panies, restorin g over $3,300,000 cash
taken from w orking capital on accou n t o f recen t acquisitions and pro
viding about $3,500,000 still due fo r the properties acquired. V.
75, p. 140.
R eport for year ending June 1 4 ,1 9 0 1 , w ith balance sheet, in Y. 75,
p. 75, show ed net earnings. $3,481,334; div. on pref. (8 p. c.), $960,000; div. on com . (4 p. o.), $869,649; bal., sur., $1,651,735.
O f f i c e r s . President, S. T. M organ ; Secretary, S. D. Crenshaw;
Treas., S. W. Travers, Richm ond, V a.—(V. 75, p. 7 5 ,8 1 , 140.)
V i r g i n i a I r o n C o a l & C o k e C o —See page 174.
W a r w i c k I r o n <fc S t e e l .—V. 73, p. 915; Y. 74, p. 434, 893.
W e i l s F a r g o <fc C o . ( E x p r e s s ) . —In corp orated under the laws
of C olorado February 5, 1866. On January 1, 1902, operated on
36.159 miles o f railroad, 1,352 m iles o f stage and 5,574 miles o f
steamer routes; total, 43,052 miles. Dividends o f 8 per cent yearly
were paid for m any years, but the semi-annual dividend paid In July,
1894, was reduced to 3 p. c.; 1895, to Ju ly, 1902, 6 p. o. yearlv(3 J.&J).
and in Jan., 1902, 2 p. c. extra; in July, 1902, 1 p. o. extra. E. H.
H arnm an is a director. A ctin g President (Jan., 1902), D udley Evans.
—(V. 63, p. 563; V. 71, p. 1317; Y. 73, p. 1313.)
W e l s b a e h C o .—See page 174.
W e s t c l i e s t e r L i g h t i n g . —See page 174.
W e s t e r n G a s C o . ( M i l w a u k e e ) . —Organized in 1893 underthe
laws o f New Y ork. Owns entire capital stock o f M ilwaukee Gas Light
Co. See statem ent to N. Y. Stock E xch an ge in M ay, 1897, in V. 64, p.
1182. In A ug.. 1901, 75 per cen t o f the stockholders had received in
exohange per $100 share $100 in p referred and $30 in com m on sto ck
V ir g in ia -C a r o lin a
MISCELLANEOUS
Ju l y , 1902 ]
STOCKS A N D
169
BONDS
Bona s—P rin ci
IN TE R EST OR D IV ID EN D S.
Date Size, or A m ou n t
pal, W henDue.
Par.
of
Rate per W hen W here Payable, and by Stocks—Last
F or exp lan ation o f colum n headings, & c., see n ote on
W hom .
D ividend.
Payable
Bonds Value. Outstanding Cent.
first page o f tables.
M ISCELLANEOUS.
V irgin ia-C arolin a Chemical—Stock, com ., $38,000,000.
Pref. (also as to assets) 8 p. c., cum ., $12,000,000..........
C ollateral trust obligations, $7,000,000 ........................
V irginia Iron Coat dt Coke—Carter Coal & Iron bonds.......
Va. Iron Coal & Coke. 1st M., g., $ 10 ,00 0 ,00 0.M a . ..o*
M ortgage to secure notes, $ 7 0 0 ,0 0 0 .M o ..........................
Wells, Fargo d Co.—S tock ...........................................................
b
Welsbach Co.—Coll, tru^t m ort., gold, $7,000,000, s. f .......
Westchester L igh tin g—1st M., $10,000,000, g o ld .C o l...c *
Western Gas—Stock $ 4 ,0 0 0 ,0 0 0 ...............................................
M ilw . Gas-Light, 1st M., g., $10,030,000, red. a t llO .C e
West. Telephone & Telegraph—Com. stock, $ 1 6 ,0 0 0 ,0 0 0 ...
P ref. stock, $16,000,000, 6 p. c., cum. after 2 y e a r s ....
C ollateral trust gola bonds, $10,000,000 O B .............. o*
Western Transit Co.—B onds, gu. b y N. Y. C. ext. in 1894.
Western Union Telegraph—Stock.............................................
Collateral Trust b o n d s .M e ................................. .............. c*
Fund’g and real estate m ort., $20,000,000, g o ld .F .c & r
Westing house A ir Brake—Stock, $ 11 ,00 0 ,00 0 .....................
WestingJumse Electric & M anufactureg.—Old com . stock ...
Assenting stock (see V. 7 1, p. 1 2 7 4 )...................................
First p re f.($4,000,000) stock, 7 p .c., cum .(see rem arks).
D ebenture certificates, $3,500,000, gold (see t e x t ).M e
W alker Co. 1st m ortgage (see t e x t )....................................
Westing house Machine—$5,000,000 (to be all one k in d )...
M ortgage.....................................................................................
N ew m ortgage, $1,500,000, gold ................................ ...........
....
1902
....
1899
1900
1900
1900
__
1902
___
1902
1884
1888
1900
....
....
___
1898
1898
....
1899
$100 $27,984,400 See text.
100 12,000,000 8 in 1901
See text.
abt. 500,000
1,000
8,853,000
5 g.
6
575,000
100
8.000,000 9 in 1902
6,383,000
100 <feo.
j> *•
3,555,000
1,000
5 g.
100
4,000,000 6 in 1901
1,000
6,000,000
4 g.
=
100 16,000,000
100 16,000,000
1,000
See text.
" l4i11,000
1,500,000
2
100 97,340,589 5 in 1901
1,000
8,502,000
5
l,0 0 0 & c 13,000,000
4 ^ g.
50 11,000,000 24 in ’01
50
11,525
50 14,016,551 See text.
50
3,997,450 7 in 1901
1,000
3,200,000
5 S1,000
850,000
6 g.
50
3,000,000 6 in 1901
350,000
See text, i
5 g-
o f the A m erican Light & Traction Co. V. 72, p 725. See that co m
pany. Net earnines in 1901, $486,062; in 1900, $492,820; in 1899,
$469,474. The M ilwaukee Gas 4s, dated M ay 1, 1902, are secured by
a direct lien on all the p rop erty o f that com pany Of the $10,000,000 authorised, $6,000,000 have been sold, and o f the b alan ce $100,000 are reserved to p ay off a real estate m ortgage and $3,900,000 for
issue from time to tim e at the rate o f 80 per cen t o f the actual co st o f
exten sions and im provem ents. V. 74, p. 482, 530, 1199. —(V.74, p.
385, 482.)
W e s t e r n T e l e p h o n e Sc T e l e g r a p h C o .^ O v n s 77 p er cen t
o f the Cleveland Telephone Co., 82 p er cent o f the N orthwestern Tele
phone E xchange Co. and 83 per cent o f the Southwestern Tele
graph & Telephone Co., also con tro lin g interest in the Michigan Tel. Co.,
81 p e r c e n t o f the W isconsin Telephone Co. and 88 per cen t o f the
Postal Telegraph Cable Co. These com panies operate in Ohio, Minne
sota, North and South D akota, Texas, Arkansas, M ichigan and W is
consin, under licenses from Am. B ell Co., w hich ow ns the balance o f
the stock o f the three first nam ed
Org an izatio n —In corporated in N. J. on Jan. 22,1902, and purchased,
per plan in V. 73, p. 1359, and V . 74. p. 42, all the assets o f the E rie
Telegraph & Telephone Co. (V. 74, p. 271), ban kru pt b u t n ot foreclosed.
The A m erican (Bell) Telephone & Telegraph Co, owns a m a jority o f
each clas3 o f stock.
B onds .—A ll the old bonds excep t about $400,000 w ere retired; $405,000 new bonds are reserved to retire b alan ce as deposited from tim e
to time. The n ew bonds are secured by all the stock and bonds owned.
Bee list, V. 74, p. 893. B onds o f proprietary com p a n ie s:
Mich. Teieph. 1st 5s, due 1917, $285,000; do thirty-year consol, gold 5s, due
Jan. 1,1929, Old Colony Trust Co., Boston, trustee, $4,715,000; Detroit Tele
phone (authorized issue $l,uo0,00') 1st 25-year gold 6s, due Feb, l. 1922, S600,000, &uar. prim and interest, by Mich. Tel. Co., Central Trust Co., N.Y., trustee
sinking fund begin r ing 19t2; $1,189,000 Postal Telegraph-Cable Co. of Texas
30-year gold 5s, clue Jan. i, L928, interest guaranteed by Brie Co., also sinking
fun i (sufficient to retire bonds at maturity) under contract of May. 1900.
As to default on M ichigan Telephone bonds, see V. 75, p. 33,
R e po r t .—Re p ort o f form er com pan y fo r 1899 in Y .7 0 , p. 1093,1100.
Office, 125 M ilk St., B oston, Mass.—(V. 74, p. 271, 385, 893; V . 75, p. 33.
W e s t e r n T r a n s i t C o •—Owns piers in Buffalo, N. Y ., fleet o f 13
steamers and also barges used on the Great Lakes. H as valuable real
estate in Buffalo. The N. Y . Central ow ns its $1,000,000 capital stock.
W e s t e r n U n i o n T e le g r r a p li.—
-Organized under the law s o f N ew
York State as the N. Y. Sc M ississippi V alley P rin tin g T elegraph Co.,
on A pril 2 ,1 8 5 1 , and nam e changed in 1856. On Jan. 19, 1881, was
dated the grand consolidation, in w hich the W estern U nion raised
its stock to $80,000,000, givin g par, or $15,000,000, fo r the stock and
bonds of the Am erican Union, 60 p er cent in n ew West. Un. for
At. & Pac. stock and a stock distribution o f 4 8 ^ p. c. to West. Union
shareholders, 10 p. c. o f w hich fo r A . & P. stock ow ned b y W . U. and
3 8 ^ p. c. fo r surplus earnings exp en ded on the W . U. property.
In October, 1892, the stockholders voted to increase the stock from
$86,200,000 to $100,000,000, o f w hich $8,620,148 w as then paid as
scrip div, to represent surplus earnings expen ded on the propertyIn July, 1894, $550,000 stock w as issued fo r purchase o f Am erican
Rapid Tel. Co. lines, until then operated under lease. In June,
1897, $2,000,000 stock (making tota l $97,370,000) was sold for
Improvements, etc., made in 1893 to 1896 fiscal years—V. 64, p. 1139.
The rem ainder ($2,630,000) is still unissued.
D iv id en d s .—
jr'87. ’ 88. *89. *90. *91.
’ 92. ’93 to J u ly,’02, inch
Since *86, p. e,. $ 2 5
5 5%
5 15(10ao.) 5% ( l ^ Q - J . )
B onds .—On June 30, 1901, the follow in g stocks (par value) were
ledged for the collateral tru st b on d s: Gold < Stock Telegraph, $1,fc
11,800; Intern at. Ocean Tel., $1,961,500 ; N, Y. Mutual TeL, $2,385,700; ami bonds, Mutual Un. TeL, 6s, $3,043,000.
The funding and real estate 48*8 o f 1900 are secured upon real
estate In New Vork and Chicago and p rovid e fo r the $6,800,000 o f 6s
and 7s due In 1900 and 1902, construction, etc. In the even t o f a
mortgage being placed upon any part o f the system , they will be given
a prior lien thereunder. Of the $10,000,000 bonds o f 1900 (see V 70,
p. 384) $3,o<-0,000 were issued in 1902, o f which $2,000,OKI fo r imovements and $1,000,000 in part paym ent o f the $ 1 ,1 5 8 ,0 0 0 real este7a maturing May 1, 1902. V .70, p.1203; V .7 i,p .7 5 0 ; V .7 4, p .785.
L eased Com panies . —Under leases the com pany aside from other
rentals pays Interest and dividends as below . On June 3 0 ,1 9 0 1 , the
company o wned the follow in g stocks o f the several issues included
below as outstanding: Franklin TeL, $ 03 2,9 0 0; Gold S Stuck TeL
o
1,443,800; Jut. Ocean TeL, $23,100; III. h Mississippi Toi. , $100,350;
(V At. Tel., $1,458,125; Southern Sc A t., $390,475.
.
Lease
Ini, or div.
Bonds
Company, die.
expires.
Amount.
% Period. mature.
Aro. TeL S Cable stock.
c,
1932 $14,000,000 d
Q—M No bonds.
Ch. St Northw. t e l. stk.
1904
100,000 4
1i t m ort., In t. g u a r...
1100,000 6
M A S H cpt. 1 ,1 9 0 4
Rfiiplre&Ray State, nVk
300.000 4
1989
N o bon ds.
Q -M
franklin TeL stock .......
&267.100 28a M St N N o b o n d s .
1975
Gold S Stock TeL stock .Jan .,1981 b2,4 44,4 00 6
r.
O -J
Bonds $5O0, not mort.
500.000 4 »a MA'N May 1.1905
Illinois S Miss. Tel
t.
perpetual. <1,830,145 4
None.
J&J
Intern. Ocean Tel.stock J an., 1981 <11,01.5,400 6
Q — d No bonds.
N.YdtfuVTeL stock ($25) Feh., 1982
c l I 1,300 0
Mutual tin. TeL 1st ..
f t , 957,000 6g. MAN Mi:
1911
Northw. TeL stk. ($50),M y7,1 980
2,500,000 0
J <. J
V
1st mort. lot guar.
i ,180,000 7
J St, J Jan,. 1904
Pan. S. Atl. stork ($25). 99 years
r
f r a i l ,3 7 5 4
J c . J No bonds.
V
8on. w VtL stock ($25) .999 years
»
A SiO No bonds,
li 558,400
Tli Is t a b1 o % i ud c s atno 11n Ia o w n e d
.
e
c
,
i
r W est V* til r e c t i { or M rough
collateral trust, viz.: a $032,900
b $2,5 >5.600; < $1 00,350;
d $ 1 ,9 8 4 ,0 0 0 ; e J 1 8 5 ,7 0 0 ; f $ 3 0 4 3 ,0 0 0 ; £ $ 1 ,4 5 8 ,1 2
li $390,475.
I 940,000.
Total surplus June 30, 1 90S (e s t im a te d ), $ 1 0 ,7 0 8 ,5 2 6 .
f
S
f
Q .-M .
Q - J . 15
R ichm ond, Va.
do
do
J n e .l,,0 2 , l 3
4%
J u ly l5 ,,0 2 ,2%
Mch. 1, 1949
Feb. 1, 1901
N. Y., Office, 63 B ’w ay. J u ly l5 .’02, 4%
Phil. P rov. L. & Tr. Co. June 1, 1930
N. Y .f C olonial Tr. Co. Dec. 1, 1950
Jan.20,’02, 3%
Checks m ailed.
M ay 1, 1927
N ew Y ork.
M. & S. Sept.,1900,int. lastp aid
J.
J.
J.
J.
M.
&
&
&
&
&
J.
D.
D.
J.
N.
J .” & *J. Old Col. Tr. Co., Boston.
F. < A. N .Y., Grand Cent.Stat’n
fe
Q .- J . N. Y ., Office, 195 B ’way.
do
do
J. & J.
New Y ork .
M. & N.
Pittsburg, Pa.
Q .- J .
Q .- F .
Q .- J .
J. & J.
J. & J.
Q .- J .
J. & D.
J. & D.
Jan. 1, 1932
Feb. 1, 1903
J u ly 15,*02, l 1
*
Jan. 1, 1938
M ay 1, 1950
Ju ly 10,*02, 6%
N. Y ., Office, 120 B’w ay M a y l5 , ,0 2 ,1 8
4
Ju ly 1,*02, 1%
do
do
1913
N Y. Merc. Trust C o;
N. Y ., Central Tr. Co. Jan. 1, 1916
July 10,’0 2 ,1 ^
1914
Fid.Tit.& Tr.Co. Pittsb.
1919
do
do
A n n u a l R e p o r t .— R eport fo r 1900-01 was in V. 73, p. 782. A dvan ce
statem ent fo r 1901-02 (partly estim ated) w as in V . 74, p. 1258.
1901-02.
1900-01. 1899-00.
1898-99.
Year ending June 30.
$
$
$
$
Revenues fo r the y ea r.......................... 26,354,151 24,758,570 23,954,312
O p e r .e x p ’ S jre n t.jt’ x e S j& c.
.................. 1 9 ,6 6 8 ,9 0 3 1 8 ,5 9 3 ,2 0 6 1 8 ,0 8 5 ,5 7 9
R e m a in d e r.................. 7,249,852
D ividends p a id .................. 4,868,033
Interest on bonds,, . . . . . .
992,580
Sinking f u n d s ^ *0, . . . .
6,685,248 6,165,364 5,868,733
4,868,007 4,867,984 4,867,949
956,160
896,306
897,092
.............. .
9,797 . . . . . . . . . .
S u r p l u s . . . . . . . 1,389,239
861,080
391,277
103,692
Miles o f Miles o f No. of
Y ear. Pcles&C’ b l’ s, Wire. Offices. Messages,
R eceipts.
Profits*
1 86 6-67 .. 46,270 85,291 2,565
5,879,282 $6,568,925 $2,624,919
1879-80.. 85,645 233,534 9,077 29,215,509 12,782,894 5 ,8 3 3 ,9 S f
1 892-93.-189,936 7 6 9 ,2 0 1 2 1 ,0 7 8 66,591,858 24,978,443 7 ,49 6,03 7
1898- 9 9 ..1 8 9 ,8 5 6 904,633 22,285 61,398,157 23,954,312 5,868,732
1900*01..193,589 972,766 23,238 65,657,049 26,354,150 6,685,248
Office, 195 B roadw ay, N ew Y o rk City,— (V. 74, p. 584, 6 8 4 ,7 8 5 ,1 0 9 5 ,
1359.)
W e s t l i i g l i o i i s e A i r B r a k e , ^ O r g a n iz a t io n , E t c —A Penn
sylvania corporation. V . 67, p. 843, 1065. Stock form erly $5,000,000 (par $50) was increased to $11,000,000 in July, 1898$5,000,000 being distributed am ong stock h old ers as a 100 p er cent
stock dividend (V. 67, p, 128; see also V. 66, p. 955; V . 67, p. 1044).
Up to 1898 dividends o f 20 p er cent per annum had been paid fo r som e
years. In 1899, J a n , 5 p. c.; A pr., 5 p. c.; July, 5 p, c.; Oct., 10 p. o.»
in 1900, 7 ^ p, e. each, quarterly (Q.-J.) incl. 5 extra; since to Ju ly,
1902, 6 p, c. quarterly, inch 3% extra. A s to litigation with N. Y . A ir
Brake Co., see V. 69, p. 181, 442; V. 70, p. 636; V . 73, p. 1365. R e
p ort fo r yea r ending July 31, 1901, was in V 73, p 722, 842, showing:
Gross, $7,869,857; cost o f operation and other expenses, $4,888,515;
n et profits, $2,981,342; div. (25%%), $2,792,250; bal., sur., $189,092.
—(V. 72, p. 1039; V. 73, p. 7 2 2 , 8 4 2 ,1 3 6 5 .)
W e s t ln g lio u L s e E l e c t r i c Sc M a n u f a c t u r i n g O o ^ Q r g a n iz a ®
tio n .—A Pennsylvania corporation m anufacturing and selling a gen
eral line o f appliances used in the com m ercial applications o f elec
tricity fo r lighting and p ow er purposes. Statem ent to N. Y . Stock
E xchange was in V. 54, p. 763. The com pan y ow ns exclu sive righ ts
to the Tesla patents on alternating currents.—V . 61, p .2 5 ,153. In
M arch, 1896, an agreem ent was m ade w ith the G eneral E le ctric Co.
fo r p oolin g patents. See V. 62, p. 502, 635, 1040; V. 68, p. 1024.
In Sept., 1898, purchased substantially entire capital stock and all
b u t $850,000 o f the $2,500,000 20-yr. bonds o f W alker Co. B y an ar
ran gem en t then m ade, the $850,000 bonds are secured b y a first and
the $1,650,000 bonds held b y the W estinghouse Co. b y a secon d m ort
gage. V. 68, p. 87. A s to British Co., see V. 69, p. 232, 802; V. 73, p.
1114. T raction Sc P ow er Securities Co., Lim ited, and Societe A n o n
ym© W estinghouse, see V. 73, p. 1318. In 1902 purchased electric
railw ay m otor m anufacturing business at Johnstow n, Pa. V. 74, p.
1095. In A pril, 1902, con tracts w ere le t fo r new fa ctory at E ast P itts
burg, to cost, it was said, abou t $1,500,000. V. 74, p. 942.
C a p i t a l S t o c k , E tc .—Stock authorized is $25,000,000, increased
from $15,000,000 in Feb , 1901, $3,000,000 o f the new stock bein g
sold to stockholders at $55 per $50 share. V 72, p. 631. The first
preference stock carries cum ulative dividends o f 7 per cent per an
num, with right to participate equally with other stock after the same
shall have received 7 per cent, and preferential as to principal. See
wording o f preferred certificate in edi ton al o f May, 1893, S u p p l e m e n t .
A s to the debenture certificates o f 1898 see V. 67, p. 324, 691.
Sinking fund o f $150,000 yearly from 1900 to p a y o ff debentures at
105, to be draw n b y lot. No lien is to be placed on p rop erty w ithout
providin g fo r debentures. V. 67, p. 1112.
D i v i d e n d s . —On pref. F eb., 1892, to ,July 1902, in cl.t 7 p. o. p er an.
D ividends on assenting stock, Feb., 1900. l l4 p. c ; May, 1900, to M ay,
1901, inclusive (6p. o, per an.), 1% p. o. quarterly; A ug., 1901, to M ay,
1902, inol., 7 p. c. yearly (1% p. c. Q-F).
A n n u a l R e p o r t .— Fiscal year ends March 3 1 .
Net shipments in
1899- 1900 (largely exceeded in 1900-01), $11,963,640; in 1898-9, $6,901,760; in 1897-8, $4,378,060; surplus, balance, Dec. 31. I960, $4,093,107, after w ritin g Off from current earnings, $2,786,719, and in
addition was paid interest, $891,293; dividends, $1,654,635.—(V. 69,
p. 232, Balance sheet July 31. 1899. V. 09, p . 094.
D i r e c t o r s . Bray ton Ives (Chairman o f the Board), Charles Francis
Adams, Ph. Ferd Kobb6, August Belmont, A. N. Brady, N. W, Bumstead, Frank H. T aylor, IT. II. W estinghouse, G. W. Ilolmrd, James II.
Hyde, Brayton I yes, (loo. C, Smith and George Westinghouse. Presi
dent, George Westinghouse; V ice Presidents, Frank U T a ylor, Ph.
Ford. K obbc and L. A. Osborne; 'Proas,, T. W. H iem on ; Hooy , Charles
A. Terry. N. V. office Is at 120 B roadw ay. - (V. 74. p. 1 0 1 ,0 4 2 , 1095.)
W ««tl»£ li< »tiK O 41 a r l i i n o d o * - 'O r g a n iz a t io n , E tu .* A Pennsyl
vania corporation m anufacturing gas engines, etc., under Weatinghouse, patents. Stock authorized to be Increased from $3,000,000 to
$5,000,000 In Jan., 1902, form erly part preferred, but to be ail o f
one, .kind. v. 74, p l o i . Par value o f shares, $50. Dividends have
been pair! since about 1895. Dividend < on com m on and preferred,
July, 1900, to Ju ly, 1002. both Inclusive, 0 p c yearly (Q J.)
B o n d s . Of the $1,500,000 5 p. e. gold bonds, $350,000 reserved to
retire existing bonds due 191 i, and balance to build a htool foundry and
forgin g plant at East Pittsburg, having a daily capacity of H tons of
O
sl.cel castings and forgings. V, 09, p. H.54, (Hoe also V. 09, p, 802.)
V. 09, p. 1252. President. G eorge W estinghouse; Booy., T. J. Brown.
Office, 25th Ht. and Liberty A ve., East Pittsburg, Pa#--■( V, 74, p. 101,)
U Iuh 4 I h {£ I.a lto ICrlc Ac 1*1 it«l> u rcr C o a l , — V. 72, p. 5 8 4 ,8 2 4
V. 73, p. 30, 394.
170
INVESTORS’
A l b e m a r l e Sc C ite s . C a n a l . — Owns canal betw een Chesapeake
B ay and A lbem arle Sound, 14 miles. Stock is $558,200 ($100 shares).
D ividends in 1893 96 each 1 ^ p. c. yearly; in 1897, none; in Feb.,
1898, l ^ p . c.; none since. Bonds, $500,OoO Is tM . 7s, due Julv, 1909.
In N ov., 1901, a large nu uber o f bonds had been deposited with a p ro
te ctiv e com m ittee with a view to a reduction in the interest rate, but
all coupons w ere paid in fu ll to Jan., 1902. See report, V. 74, p. 92;
V. 72, p. 10^5. In 1900-1, gross, $51,905; net, $33,417. In 1899-0,
gross, $35,539; net, $16,512. Pres., W arren G. E lliott. Office, N or
folk, V a .- ( V. 72, p. 1035; V. 73, p. 139; V. 74, p. 9 2 .)
A m e r i c a n A l k a l i . —O r g a n i z a t i o n .— In corp ora ted in N ew Jersey
on M ay 4 ,1 8 9 9 . V. 68, p. 925, and official statem ents, V. 69, p. 1194,
and V. 73, p 955. M anufactures at Sault Ste. Marie, by an e lectro
ly tic process (protected by patents), caustic soda and bleach in g p o w
der, operations fo r dem onstration begun in 1901. V. 72, p. 138. The
stockholders voted Oct. 30 to make the outstanding preferred stock
full paid by issuing 2 shares o f fu il paid (par $50) stock lo r 5 shares
preferred on w hich $20 per share shall have been paid in, thus re
ducing the prefei red stock from $R,000,000 to $2,400,000. In Jan ,
1902, the preferred stock was $15 00 per share called up, including
$2 50 called for paym ent on Jan. 20, 1902, tw o additional assessments
o f $2 50 each being payable quarterly thereafter. V. 73, p. 664, 555.
R eport o f investigating com m ittee V. 73, p. 958; V. 74, p. 831. A pp li
cation fo r receiver, V. 74, p. t>32. Suit to reco v e r p io m o te r’ s profits,
V. 74, p. 88*. In May, 1902, a com m ittee w as app oin ted (John 8.
B ioren, chairman,) to arrange fo r reorganization; as to plan reported
to be proposed, see C h r o n i c l e o f J u ly 2 6 , 19c2. A new com pany, it
w as thought, w ill be form ed, with $3,000,000 stock, all o f one class, in
$5 full-paid shares. V .j 74, p. 938. President, A. K. Brown; Sec. and
Treas., C layton E. Pratt. Office, 815 D rexel B uilding, Philadelphia, Pa.
D irectors, M a y ,’02, V.74, p. 938.—(V. 74, p .9 6 ,6 3 2 , 831, 8 8 5 ,9 3 8 ,9 8 9 .)
A m e r i c a n C e m e n t .—A con solid ation in 1899; in corp orated in
N. J. Prospectus, V. 69, p. 1249. Stock, $2,000,t 00. F irst div. fo r 4
m os. to Dec. 31, 1 89 9,3 p. c., paid Jan., 1900: July, 1900, to July, 1902,
hoth incl. 8 p. c. yearly (2 extra). E arnings for h alf-year endiDg June
30, 1902, V. 75, p. 31. R eport fo r year ending D ec 31, 1901, Y .7 4 , p.
1305. B onds, $930,000 1st m ort. and coll. tr. gold 5s, due Oct. 1 ,19 14 ,
s. f. $30,000 y e a rly ; int. A. < O. at G irard Trust Co., Philadelphia,
fc
trustee. Pres., ftobt. W. Lesley; Treas., Fred’k J. Jiggens, 24 So. 15th
St., P h iia .-Y . 71, p. 1 8 0 ; V. 72, p. 6 7 2 ; Y. 75, p. 31.
A m e r i c a n C o a l . —Mines at B arton and L on acon ing, Md. Stock,
$1,500,000; par, $25. D ividends (M. & S.) 1894, 6 ^ p. c.; 1895, 7; ’96,
8; ’ 97, 8; ’98, 9; ’ 99, 10 p. c.; 1900, 9 p. c.; 1901, M ar., 5 p. c.; Sept.,
5 p. c.; 1902, Mar., 5 p. c. Office, No. 1 B roadw ay.—(V. 72, p. 340.)
A m e r i c a n I r o n Sc S t e e l M a n u f a c t u r i n g . — In A u g., 1899, ab
sorbed properties at R eading and Lebanon, Pa. See list in state
m ent o f A pril 30, 1900. V . 71, p. 180. In 1901 the N orth R eading
W orks w ere sold. V. 74, p. 57t>. Stock, com m on, $17,000,000, $5
per share paid in; p ref., 5 p. c. cum ., $3,000,000, fu ll paid; par o f
shares, $50. D ividends on p ref., Jan., 1900, 1 23 p. c.; A p r., 1900, to
J u ly , ’ 02,1*4 p. e., Q.-J. On com ., Jan., 1900, 50 cts. per share; May
3 1 ,5 0 c t s .; 1901, Jan., <5 cts.; M ay, 15 c t s ; Sept., 15 cts; 1902, Jan.
29, 15 cts.; M ay 2 8 ,1 5 cts. No bonds. R eport fo r yea r ending Dee. 31,
1901, in V. 74, p. 576, showed : Profits over renew als, etc., $521,318;
div. on pref. (5 p. c.), $150,000; div. on com . (55 cts. per share), $187,000; bal., sur., $184,318. Office, Leban on , Pa.—(V. 74, p. 5 7 6 .)
A m e r ic a n
L i g h t Sc T r a c t i o n C o .— O r g a n i z a t i o n .— In cor
porated in N ew Jersey in A pr., 1901, by Em erson M cM illin and asso
ciates to am algam ate or bring under closer con trol ligh tin g and traction
com panies in various cities o f the U nited States n ow held in the same
interest, including W estern Gas Co. (M ilwaukee), Grand Rapids (Mich.;,
Gas Light Co., Madison (Wis.) Gas & E lectric Co., St. Joseph (Mo.)
Gas Co., B ingham ton (N. Y .) Gas W orks. Southern Light & Traction
Co. o f San A n ton io and St. Paul Gas Light, upon term s m entioned in
V. 72, p. 724; Y. 72, p. 871, 987; V. 73. p. 235. The greater p art o f the
stocks o f the seven com panies nam ed has been acquired. Stock au
thorized, com m on, $15,000,000; p referred 6 p. c. cum ulative, $25,000,000, o f which $7,337,800 preferred and $4,380,100 com m on are
outstanding. These issues o f stocks paid fo r the stocks acquired and
provided to D ec., 1901, $600,000 w orkin g capital.
F irst quarterly dividend on preferred, 1
p. c., paid Dec. 2 ,1 9 0 1 ;
Ft b., 1902, 1
May, 1*2 p. c.; A u g., 1*2 p. c. B onds o f the constituent
properties aggregating $10,821,000, see V. 72, p. 724; see also V. 73,
p. 1013. F or l l inos. ending May 3 1,1 90 2 , net, after div. on preferred,
$336,723. President, Em erson McMillin; General Counsel and Secre
ta ry, W. F. D ou tliirt; Treasurer. H. B. Wilson. D irectors, Y. 73, p.
2 3 5 .- ( V . 73, p. 235, 897, 1013, 1063; V. 74, p. 679; V. 75, p. 31)
A m e r f c a n S e w e r P i p e C o .— O r g a n i z a t i o n .— Incorporated in
N ew Jersey on Feb. 17. 1900, as A m erican Clay M fg. Co. as a co n
solidation o f 27 vitrified drain-pipe plants said to con trol from 80 to 85
p er cen t o f the industry* and nam e changed, Feb. 1 ,1 9 0 1 . F or 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 ,19 01 . See official state
m ent V. 70. p. 688. Stock authorized, $10,000,000; outstanding, $7,795, 7i 0; par, $100.
O f f i c e r s .— P r e s id e n t, Ulysses D . E d d y , New Y ork;
Secretary*
Thom as D . B row n, New B righton, Pa.; Treasurer, W. B. Gouclier,
New Y ork. Office, Pittsburg, Pa.—V. 72, p. 874; V. 74, p. 96.
A m e r i c a n S o d a F o u n t a i n . — Form ed in ’ 91 in N.J.—Y .6 6 ,p .3 8 2 .
Stock outstanding: Com m on, $1,250,000; 1st p ref., 6 per cent, cum .,
$1,250,000; 2nd pref., 8 per cent, cum ., $1,250,000; par, $100.
D i v i d e n d s .— On preferred in full to N ov.,1896, incl.; in 1897 to 1899
inc.,none; N ov., 1900, 3 p. c on ist pref.; Nov. 20, L90I, 6 p. 0 . o n 1st
pref,, leavin g accum ulated dividends unpaid o f 21 p. c. on 1st pref. and
40 p. o. on 2d p ref V. 7 1,p. 1014. On com . to 1895, inclusive, 10 year
ly; 1896, 7%; none since.
G e n e r a l F i n a n c e s .— On Aug. 3 1,1 90 1 , there w ere notes payable,
$182,335.
A n n u a l R e p o r t .— R eport fo r year ending Aug. 3 1 ,1 9 0 1 , V. 71, p.
1009. In 1900-1 profit was $146,418, against $179,006 fo r 1898.
Pres., Jam es N. North; N. Y. office, 449 F irst A v e .—(V. 74, p. 529.)
A m e r i c a n T h r e a d C o .—Incorporated in N. J. M arch 10, 1898.
(V. 67, p. 1158.) Stock, $6,000,000 com m on ($3 50 p er $5 share paid
in, understood to be entirely ow ned by the English Sewing Cotton
Co.); $6,000,000 five per cent cum. pref. (gold or £ ); issued $4,890,475, par of shares, $5. D ividend on pref. July, 1899, to July,
1902, inclusive, 5 p. 0. per annum (2^3 p. c. seini-an). First div. on
com m on, 30 cts. per share (or 10 per cent on am ount paid in) paid out
o f earnings o f 1899-0; in 190 0-01 ,3 5 cts. (10 p. 0.); in 1901-2, none.
Bonds, see application to list in full, V. 70, p. 179. U nderlying bonds,
£519,937. Kerr Thread 5s, due July 1, 1902, at 105 p. 0.
In Aug.,
1901, purchased control o f W ool E xchange Co., ow ning building 260
W est B roadw ay, subject to a first m ortgage o f $500,000. V. 73, p.
289, 393, 446.
R e p o r t . R eport for year ending Mar. 31, 1901, with balance sheet,
in V. 72, p. 1079. In 1901-2 total profit, £16 0,2 7 2; balance from last
year, £34,908; depreciation, £ 6 2 ,i0 0 ; bond interest, £54 ,71 4 ; co m
mission to execu tiv e com m ittee, £4,429; div, on pref. stock (5 p. c.),
£50,534: b alan ce forw ard, £23,502. Pres., Lyman R. H opkins; Seo. and
Treas., Theo.M . Ives, 260 W. Broadw ay, N. Y .—(V. 7 3,p. 2 8 9 ,3 9 3 ,4 4 6 .)
B a r n e y Sc S m i t h C a r . — In corp ora ted in 1892 in W est V irginia.
Stock outstanding, com m on, $ 1 ,000,000; pref., 8 p e r cent, cum ulative,
$2,500,000; par, $100. B onds, $1,000,000, 1st 50-year gold 6s i j &J.)
subject to call at 110 on or after J u ly 1, 1902; Guaranty Trust Co., N.
SUPPLEMENT,
fVOLi LX X V.
Y ., trustee. D ivs. on com . in ’93, 5 p. c.; on pref. 8 p. c. till Mar., ’ 95;
dividends resumed D ec. 1, 1899, then 8 p.c. yearly to June, 1902, inch
(Q. M.).
R e p o r t . — R eport fo r year ending Mar. 31, Y. 74, p. 1250.
Year.
Net.
Oth. in c, B ad debts. Interest. Pref. div. B al.t sur.
1901-02..$399,993
...
$26
$60,000 $200,000 $139,967
1900-01.. 375,066 $3,126
380
60,000 200,000
117,812
— (V. 74, p. 1198, 1 2 5 0 )
B a y S t a t e G a s C o . —Incorporated in 1889 under the law s o f D el
aware, and acquired $995,000 o f the $1,000,000 stock o f the B ay State
Gas Co. of New Jersey, w h ich latter com pany ow ned substantially all the
capital stock of the follow in g com panies supplying gas to the city of
B oston: B ay State o f Mass.; Boston Gaslight, R oxb u ry Gaslight and
South B oston Gaslight. The stocks o f these fou r operating com panies
were pledged to secure the b onds b elow m entioned, but their voting
p ow er w as acquired in N ov., 1897, fo r N ew E ngland Gas & Coke Co.—
which see on a p recedin g page—also Y. 65, p. 1221: Y. 68, p. 1179.
Assets Feb., 1898, V. 70, p. 843. See table on a preceding page. On
July 7, 1902, Geo. D. H allock o f Plainfield, N. J., was appointed
receiver o f the New J ersey com pany, the interest and sinking fund
paym euts being in default. V. 75, p. 79.
In July, 1902, a m ajority o f both series of bonds was deposited with
the follow in g com m ittees:
First series Bos. Tin. Gas bonds.—B row n Bros. & Co. and V erm ilye Ss
Co, D epositary, M ercantile Trust Co., N .Y. Y. 74, p. 1309; V .7 5 ,p .7 9 .
Second series.—H enry B D ay, Chairman. D epositaries, M ercantile
Trust C o.,N .Y ., and Old C olony Tr. Co., Bos. V .7 4,p . 1309; V .7 5 ,p ,7 9 .
I l June, 1902, Law son, A rnold & Co. proposed reorganization, de
posits o f stock being requested until further notice. See Y. 74, p. 939,
1253. H. Content & Co. o f New Y ork also requested deposits o f stock
w ith the K nickerbocker Trust Co. V. 74, p. 1357; V. 75, p. 31.
S t o c k .— Stock (par $ 5 0 ) increased from $ 5 ,0 0 0 ,0 0 0 to $ 1 5 ,0 0 0 ,0 0 0 in
O ctober, 1 8 9 5 , to $ 5 0 ,0 0 0 ,0 0 0 in 1 8 9 7 ; In 1 9 0 2 . repor ed as v a r io u s
amounts, r a n g in g from $ 1 0 0 ,0 0 0 ,0 0 0 t o $ 1 6 0 ,0 0 0 ,0 0 0 . See Y . 6 8 , p.
8 4 , 1 1 7 9 . Authorized am ount stated as $ 1 ,0 0 0 ,0 0 0 ,0 0 0 .
B o n d s .— The “ B oston U nited Gas” m ortgage o f 1889 w as issued b y
the B. 8. Gas Co. o f New Jersey and guaranteed by the Delaw are
com pany. The m ortgage is fo r $12,000,000; M ercantile T ru st Co.,
trustee; o f the issue $2,000,000 w as reserved fo r im provem ents. Each
registered $1,000 bon d is entitled to 5 votes. There is an annual sink
ing fund o f one per cen t o f the entire issue, and bonds can be drawn
at 105. A ll the bonds issued are deposited with the Trust Co., which
issues its trust certs, therefor. V. 67, p. 221; V. 68, p. 84; V. 70,p. 688.
E a r n i n g s — R eports o f op eratin g com panies in Y. 74, p. 723, showed:
Year.
Gross.
Net.
Dividends.
Bal., sur.
1900-01.....................$3,125,286
$934,338
$866,689
j[ $83,664
HAfter dedu ctin g int., charges, etc., and incl. oth. inc. Pres. (July,
1902), J. Frank A llee,W ilm ington,'D el.— (Y. 74, p. 1357;V . 7 5 ,p. 31, 79,
137.)
B o s t o n Sc M o n t . C o n s o l . M i n . — (Y. 74, p. 579, 886.)
B r u n s w i c k (G a .) B o c k Sc I m p r o v e m e n t C o .—Successor to
B runswick C o.reorg. p er plan in V. 65, p. 326; see also Y. 66, p. 1034.
President, H enry E. H ow land, 35 W all St.; Sec. and Treas., G. A.
K raetzer, J r., 142 Pearl St., N. Y .—V. 68, p. 1022.
C a n t o n C o m p a n y . — See S u p p . o f A pr.. 1897, and V. 70, 794,1251;
Y . 71, p. 1222; Y. 72, p. 823.
C e n t r a l U n i o n T e l e p h o n e ( C h i c a g o ) . —This com pan y controls
the B ell Telephone business in Indiana, in Ohio w ith the exception of
Cleveland and Cincinnati, and in Illin ois exceptin g Cook and four other
counties. A m ajority o f the stock is held b y A m er. (Bell) Telephone <
&
Teleg. Co. Subscribers Mar. 1 ,1 9 0 2 ,1 0 4 ,2 8 2 . In Oct., 1901, the out
standing stock was reduced one h a lf, to $3,481,500, and the author
ized am ount increased to $10,000,000; $3,481,500 of the new stock
bein g offered to stockholders at par, the p roceeds to be used for im
provem ents. V. 73, p. 901. See circular, V . 72, p. 1190; V. 73, p. 618.
Of theg$6,000,000 10-20-year gold consol. 5s due Jan. 1, 1919 (Old
C olony Trust Co. o f B oston, trustee), $2,500,000 are reserved fo r 1st
6s subject to call at 105 after July 1 ,1 9 0 6 (111. T r u s t s Savings Bank,
trustee). V. 73, p. 446 ; V. 68, p. 379, 472, 570 ; V. 71, p. 86. See
also advertisem ent in C h r o n i c l e o f Mar. 25, 1899. In Mar., 1902,
purchased N ew H arrison Telephone Co. o f T oledo, O., assuming $100.000 bonds. Y. 74, p. 682. R eport fo r 1901 in V. 74, p. 82S, showed,
gross earns., $2,5&4,788; net, $611,288; interest, $386,762; bal., sur.,
$224,526. Pres., J ohn I. Sabin.—(V. 74, p. 153, 429, 682, 8 2 8 .)
C h e s a p e a k e Sc B e l a w a r e C a n a l . —Owns canal from Delaware
City to Chesapeake City, Md. In June, 1893, bondholders w ere asked
to a ccep t 4 per cent interest (in place o f 5 per cent) until contingent
fund, reduced to $49,613, should again am ount to $100,000. Bonds,
$2,602,950 (extended in 1886); due July 1 ,1916; int. J & J. Interest
is payable at the office in Philadelphia. F or year ending M ay 31,
19G2, gross receipts w ere $13 6,8 3 4; m aintenance o f canal, $43,703;
net, $93,131; interest charges, $104,118; deficit, taken from contin
gent fund, $10,986. Stock, $1,903,238; par, $50. President, Joseph E.
Gillingham . Office, 528 W alnut St., Philadelphia.— (V. 69, p. 2 6 .)
C h i c a g o P n e n m a t l c T o o l C o .— O r g a n i z a t i o n .— Incorporated
in N e w J ersey on Deo. 28, 1901, and took over the Chicago Pneu
m atic T ool Co., B oyer Machine Co. o f D etroit, T aite-H ow ard Pneu
m atic T ool Co., England, Standard Pneum atic T o o l o f Aurora, 111., etc.
The properties acquired are supposed to con trol about half the output
o f pneum atic m achinery in the United States. In June, 1902, pur
chased International Pneum atic T ool Co., Lim ited, o f London. V. 74,
p, 1310. M ax Pam o f Chicago arranged the consolidation. Working
capital at com m encem ent o f operations, it was stated, over $1,000,000. Y. 74, p. 97, 527.
Stock authorized, $7,500,000, all o f one kind; present issue, $5,300,000. First quarterly dividend, 2 p. 0., paid Apr. 15, 1902; July 15,
2 p. c. Bonds, $2,500,000 first 20-year gold 5s, ($1,000 each) due Dec.
31, 1921; outstanding, $2,300,000; int. J. & J , at National City Bank,
N. Y. Central R ealty Bond & Trust Co. o f N. Y , Trustee. They are
subject to call at 105 from Jan 1, 1907, or beginning Jan. 1, 1903.
they m ay be draw n by lo t at the same price fo r a yearly sinking fund
o f $50,000. V. 74, p. 208.
A ggregate earnings o f con stituent com panies were reported as
$700,000 per year, leavin g 1 1 per cen t fo r the stock.
O f f i c e r s .— President, J. W. Duntley; V ice-President, W. O. Duntley; Second Vice-President, E dw ard Y. M oore; Treasurer, Ernest P,
W enger; Secretary, Le R oy Beardsley. E xecutive Committee, Clias.
M. Schwab. Max Pam, C. H. Mattliiessen, J. R. M cGinley and J. m
D untley. D irectors, V. 74, p. 97, 777, 1310. - ( V . 74, p. 529, 777,1310.
C o m p re s s ed A ir C o. o f th e B o r o u g h
g a n i z a t i o n .— Incorporated
o f M a n h a t t a n . —Or
in New Y ork on A pril 9, 1900, as a con
solidation o f the Am erican A ir P ow er Co. o f New Y ork (see V. 69, p.
1060) and the Compressed A ir M otor Co. o f Illinois (see V . 70, p. 635),
to m anufacture com pressed-air vehicles, street and railroad cars. etc.
V. 70, p. 741. I 11 Jan., 1 9 0 1 ,purchased Rom e Locom otive &Macliine
Works, of Rome, N . Y. The R om e Co. had $75,000 6 per cent bonds,
due 1904; interest payable at A tlan tic Trust Co., N. Y., and $30,000
first consol, gold 5s due Jan. 1, 1921, M orton Trust Co., N. Y , trus
tee, $75,000 being reserved to p a y o ff the 6s at m aturity.—V. 71, p.
1168. R eport for year ending Dec. 31, 1901, was in Y .7 4 , p. 579.
« President, H enry D. Cooke: Treas.. H enry A. Himely, 24 State St.
New Y o r k .- (V. 71, p. 184, 865, 1168; Y. 74, p. 579.)
Ju ly , 1902 ]
MISCELLANEOUS
STOCKS A N D BONDS
C o n s o l i d a t e d L a k e S u p e r i o r C o . — H as Connecticut charter,
and in June, 1901, absorbed Ontario Lake Superior Co. V . 72, p. 938.
Controls and is developing the w ater-pow er, estim ated at 200,000
hydraulio horse-pow er, at Sault Ste. Marie, M ichigan, and Ontario
fo r use in con n ection w ith its ow n m anufacturing enterprises (steel,
paper, etc.) and under lease to other com panies, including U nion C ar
bide Co., A m erican A lkali Co., etc. Owns all the capital stock of the
follow ing-nam ed com panies, capitalized as fo llo w s : M ichigan Lake
Superior Pow er Co., com m on stock $500,000, and 50-year first m o r f
5s (see V. 69, p. 336) $3,500,000; Lake Superior P ow er Co. o f Ontario,
preferred $500,000, com m on $ 1,5 00 ,0 00 ; Sault Ste. Marie P ulp <
te
Paper Co. of Ontario, preferred $750,000, com m on $1,250,000; Tagona
W ater & Light Co. of Ontario, $200,000. A lgom a T ube Co. author
ized stock, $30 000,000. (V. 74, p. 97.) See prospectus, p rior to
consolidation, Y. 68, p. 1075.
The properties acquired through the Ontario Lake Superior Co. con
sisted o f about 2,000 square m iles of tim ber and m ineral lands, etc.,
and the entire stock o f the A lgom a Central & H udson Bay B y. (un
bonded). Y. 69, p 909; Y. 70, p. 40, 1252; Y 72 p 483. The steel
business is carried on under the charter o f the A lgom a Steel Co., Lim.,
w ith $20,000,000 stock ana a plan t at Sault Ste. Marie, Ontario, h av
ing 2,500 tons of steel daily, operated from A pr., 1902. V. 72, p. 874,
938, 991, It 36, 1 0 8 2 ; V. 7 1 ,p. 9 9 0 , 886. A s to H elen iron mine,
M ichipicoton, see A lgom a Steel Co. Y . 72, p. 1082; also Y. 72, p. 991;
Y. 73, p. 1110 In M ay, 1902, the Canadian R olling Stock Co. was in
corporated w ith $2,000,000 authorized stock. H ayden. Stone & Co. o f
B oston and Canadian capitalists purchased a large interest in the
Stock. V. 74, p. 990, 1040.
St o c k .—Stuck authorized, com m on, $82,000,000; outstanding June,
1902, $72,150,100; pret., 7 p. c. non-cum ., $35,000,000; outstanding,
$23,214,400. D uring 1902-3 about *4,000,000 preferred w ill p robably
be issued, m aking $25,000,000 in all See Y. 73, p. 1110.
D i v i d e n d s .— On preferred in fu ll to June, 1902 (payable (Q.-M.).
R e p o r t .— R eport fo r the year ending June 30, 1901, w as in Y. 73;
p. 1110, showing: D ividends received, $684,916; p referred stock d ivi
dend, $255,628; div. on com m on , $420,000; general expenses, $8,044,
bal., sur., $1,244.
President, E. Y. D ouglas, Phila.; Sec., W. P. D ouglas, Phila.; Y icePres. and Treas., Theodore C. Search. New directors, M ay, 1901, V.
72, p. 1037. Office, N orth A m erican Building, Phila., Pa.; 100 B road
w ay, N. Y .—(V. 74, p. 97, 270, 777, 8S6, 990, 1040, 1254.)
C o n s o l i d a t e d R ,u M > e r T i r e Co.«=»Incorporated in N. J. in A pr.,
1899. See Y. 71, p, S45- Stock, com m on, $4,000,000; p ref. 6 p. c«
cum,, $1,000,000; ail issued. Par o f shares, $100 each. In June, 1901,
$3,000,000 debentures were being issued in p la ce o f an equal am ount
o f p referred stock and $2,000,000 treasury stock w as letired, per plan,
Y . 72, p. 341. 391. They are entitled to 4 p. c. interest if earned; 3 p. c.
paid A pr. 1 ,1 9 0 2 , out o f earnings o f calendar yea r 1901.—Y , 74, p, 632.
D ecision, Y. 74, p. 1 0 9 2 ,1 1 9 8 .
D ividends on preferred, Sept., 1899, to D ec., 1900, l 3 p. c,
^
quarterly (Q. M.), Last div, paid Dec. 1, 1900. Checks are mailed.
Earnings fo r 6 mos. ending D ec. 3 1 , 1 8 9 m see Y, 70, p. 794. President
and Gen, M gr,, Y an H . Cartnell; Sec., F rederick A. Seaman. Office,
Jersey City, N. J. Em erson McMillfn < Co. w ere interested.— (Y. 74,
fe
p, 1 19 8 ,1 2 5 4 .)
171
The stockholders have voted to lease the p rop erty to the D om inion
Iron & Steel Co. fo r 99 years from A p iil 1, 1893 (i. e „ until A pril 1,
1992) fo r $1 992,000 yearly, payable quarterly in March, June, Sep
tem ber and D ecem ber, and a ro y a lty o f 7*2 cents pei gross ton in ex
cess of $3,500 000 p er year. Y. 74, p. 1254.
Output in ,01-2, 2,65»,263 tons; in 1900-1, 2,044,877 tons.
Div8. on pref. paid in fu ll to July, 1902, incl. (4% J. & J ) R eport in
fu ll for year endiDg Feb. 28, 1902, in V. 75, p.'34, show ed: Net earn
ings, $1,551,881; interest and prem ium $253,968; div. on pref. (8 per
cent), $240,000; sinking fund, $120,232; bal., sur., $937,682. Pres.,
James R oss, M ontreal.—(V. 74, p. 832, 1092, 1254; V. 75, p. 2 7 ,3 4 .)
D om inion i r o n <fc S t e e l d o . —O r g a n i z a t i o n .— Organized under
the law s o f N ova Scotia on June 1 7 ,1 8 9 9 ; is building iron and steel
works at Sydney, Cape B reton, to have, it is said, a daily ca p a city o f
1,000 tons o f steel. In June, 1902, six o f the ten steel furnaces were
in operation. V . 74. p. 98; V. 70, p. 1051; Y. 73, p. 661, 959. See p ros
pectus V. 72, p. 583.
Stock, com m on, $20,000,000, all issued; $5,000,000 bein g sold M ay, 1902, at $60 per share; par $100. The
stockholders voted Decen ber 29, 1900, to con struct a plate and
rail mill and to issue $5,000,000 seven p er cent cu m u lative preferred
stock, subject to call at $115 p er share or con vertible into com m on
stock, at holder’ s option. V. 72, p. 778; V. 7 4 ,p 530.
The D om inion Coal Co. is to be leased until A p ril 1 ,1 9 9 2 , fo r $1,600,000 yearly and a royalty o f 7 ^ cents per gross ton in excess o f 3,500,000 per year. V. 74, p. 832, 1254.
D iv. on p f., 3*2 p. c., Oct 1, 1901; in 1902, A pr., 3 ^ p . c. M ort. trus
tee, Nai’lT r. Co. o f Ontario, M ontreal, Can. B onds may be purchased or
called (drawn b y loti at 110 and interest fo r sinking fund or in such
amounts as m ay be desired on Ju ly 1 yearly, beginning 1902. See V.
71. p. 1122. R eport for the year ending A pril 30, 1902, w ith balan ce
sheet, was in V. 75, p . 27. President, Jam es R oss, M on trea l; VicePresidents, tieorge A Cox, T oron to and L J. F orget, M ontreal. D i-'
rectors, A pril, 1902, Y. 74, p. 8 3 2 .- (Y. 75, p. 2 7 .)
E q u i t a b l e I l l u m i n a t i n g G a s L i g h t C o* o f P h i l a d e l p h i a . —
O rganized in 1898 by U nited Gas Im provem en t Co., w hich ow ns a
m ajority o f the stock, to operate th e gas w orks leased from city o f
Philadelphia. See full particulars in Y . 66, p. 426. Com m on stock
issued, $3,125,000 ; p referred stock, 4 per cent fo r first yea r and 6 p er
cen t thereafter, $3,125,000. Sinking fund o f $124,000 yearly is to r e
tire bonds at 105; and beginning in 1908 the Im p rovem en t Co. agrees
to create a sinking fund to retire the stock in 1928, w hen the p rop erty
is to rev ert to the city. Lease m ay b e term inated b y city in 1908 on
m aking certain paym ent.
D iv id e n d s .
)1 8 9 8 . 1899. 1900.
1901.
1902.
Com m on, p er c e n t . , . 00=0., > 4
6
6
6
Preferred, p er c e n t . . . . . . . . . . ) 4
6
6
6 (J,<MX) J u n e ,3
—(Y. 72, p. 244, 8 75 ; Y . 73, p .3 9 3 , 9 5 9 ,1 2 1 0 ; Y . 74, p. 270)
F i s l i e r i e s C o * — O r g a n i z a t i o n ,—In corp ora ted in N ew J ersey on
M ay 25 as a reorganization o f the A m erican Fisheries Co. (see Y . 66,
p. 132> p er plan in V . 70, p. 1050; Y. 70, p. 1052. Stock, authorized,
com m on, $1,000,000; outstanding, $532,868; p ref., 7 p . e. non-cum .
$2,000,000, all outstanding; p a r o f shares, $100, B on ds, $500,000
first m ortgage 5-year 6s, su bject to redem ption b y annual draw ings
from profits after paym ent o f interest, 7 p. c. on pref. and 5 p. c. on
com m on stock. R ep ort fo r y e a r ending D ec 31, 1901, in Y . 74, p.
D e n v e r G a s <fc E l e c t r i c C o , ^ O rg an izatio n *.— In corp ora ted in 984, showed: Gross, inclu din g oth er incom e, $777,408; tota l n et in
A pr., 1899, as a con solidation o f the D en ver C onsolidated Gas and com e, $27,770; interest on bonds, $30,000; loss m ovin g Fort A rth u r
D enver Consolidated E lectric Com panies. Stock, $3,500,000. Bonds, ptant, $35,967; bal., d ef., $38,196. In 1900, gross, $747,727; net,
$5,500,000 1st 50-year consoL m ortgage gold 5s, interest M-N., due $143,379.
May 1, 1949; Continental Trust C o.,N ew Y ork , trustee.
D irectors: N athaniel B. Church, Thom as P. G oodbody, L. E. W ar
On M ay 1, 1902, H. L. D ougherty w as appointed receiver. Y , 74, x » ren, Thom as F. Price, Thom as F. W oodloch and R obert G oodbody.
>
990. In M ay, 1902 deposits w ere requested b y com m ittees, v iz .:
F irst div., 3 ^ p . c. on pref., Jan., 1901. (V. 70, p. 1052; Y .7 4 ,p . 9 8 4 .)
D e f t e r Uc*‘ sol. Gas 6s. due ig u . C. S. W. Packard, Philadelphia,
F o r t St* U n i o n D e p o t ( D e t r o i t ) —See S u r ple m ’ t o f A pril, 1897
Chairman; Pennsylvania Co. fo r Insurances on L ives and Granting
Annuities depositary.—V. 75, p. 32.
H e r r l n g - H a l l - M a r v i n S a fe C o*—O r g a n i z a t i o n .— In corporated
Denver ConsoL. EUc 6s due jgio . —Sylvester C. D unham , H artford,
In N ew Jersey on A ug. 3 ,1900, as successor D ec. 2 0 ,1 9 0 0 ,p er plan in
Conn., C hairm an; N> Y . Security Sc Trust Co., depositary.
The Ju ly 1, 1902, int. was paid on $1,500,000 D enver ConsoL Gas V. 68, p. 232, and Y. 70, p. 689, o f H erring-H all-M arvin Co. Y. 71,
and $590,000 D enver ConsoL Elec. 6s (see below* from proceeds o f p. 238. Stock, com m on, $1,650,000; 7 p er cent non-cum , 1st pref.,
$63,750 r e c e iv e rs certificates in ferior in lien to the tw o m ortgages. - $600,000 and 7 per cen t non-cum . 2d p ref., $1,050,000; p ar o f shares,
$100. Pres., H. A . Tenney,—(V. 72, p. 46, 1 8 6 ,1 1 9 1 ; Y. 73, p. 1316.)
Y. 75, p. 32.
Bonus fo r $2,440,000 w ere reserved to retire a like am ount
I n t e r n a t i o n a l A u t o m o b i l e A; V e ln ic ie ’T i r e C o*—O r g a n i
ofunderlying bonds, viz.: $1,500,0' >o D en ver ConsoL Gas 20-year gold z a t i o n .— In corporated in New Jersey in A pril, 1899; factories are at
6s, due N ov. 16, 1911, int. J .-J . at A tlan tic T rust Co., N. Y .; su bject to Chelsea and N ewton, Mass, (see Y. 68, p. 772). Stock authorized, com
call at 105; $75,000 D en ver ConsoL gold deb. 6s, due Oct. l', 1911; mon, $1,500,000; p ref., 7 p, c. cum ., $1,500,000; par o f shares, $ 00
$590,000 D en ver Consol. Elec. 1st gold 6s, due .Jan. 1, 1910, su bject to each. On Mar 1, 1900, $2,368,000 stock had been issued. Bal. sheet
call after Jan. 1, 1895; A tlantic Trust Co. o f New Y ork as tru stee; Mar. 1, 1900, Y. 70, p. 9 9 9 .-( Y . 68, p. 772; Y. 70, p. 999.)
in t J.-J., at Chemical Bank, N .Y.; $180,000 Western E lectrical Con
I n t e r n a t i o n a l N i c k e l C o*— O r g a n iz a tio n .— I n corporated in
struction Com pany 1st gold 6s, due O ctober 4 ,1 9 1 5 , Int. A .-O ., at
Mass. Loan & Trust Co., o f B oston; su bject to ca ll at 103 after 1895 New Jersey on M arch 29, 1902, and acquired con trol o f the Canadian
Copper (& Nickel) Co., w ith p lan t at C opper Cliff, Out.; N ickel C orpora
and $35.0-00 M ontclair E lectric Light & Power l * t 6s.
Dividend. 1^ per ct., paid Feb. 20, 1900; Aug. 20, l 1 p. 0. Chairman, tion of London, w ith mines at N ew Caledonia, and the Orford C opper
^
Co. o f Bayonne, £T. J., A m erican N ickel Co. o f Camden, N. J., w ith
Emerson M cM illin, 40 Wall S t ., N. Y .— (V./74, p. 1358; V. 75, p. 82,)
their subsidiary com panies. Said w ith the Soci6t6 N ickel o f Paris,
D e n v e r U n i o n W a t e r . —A consolidation Oct., *94. Franchises controlled by the Rothschilds, to h old p ra ctica lly all the nickel interests
run until 1910. Owns the water supply o f the city o f Denver, Col,, in existence. Chas. M. Schw ab, President o f the U. 8. Steel Corpora
and vicinity. Capital stock Is $5,000,000 c o m m o n and $2,500,000 of tion, was instrum ental in form ation o f com pany. Y. 74, p. 730, 832 «
5 p. c. non-cum ulative p r e f e r r e d . Bonds $7,500,000. President, W. tt.
s t o c k Sc B o n d s . —Stock authorized, $12,000,000 ea ch o f com m on
Cnees man; Treasurer. D. H. M offat.—(V. 72, p. 285.)
and 6 per cent non-oum. preferred; present issue o f each, $ 9,000,0c 0.
D e t r o i t C H y G a O r g a n i z e d in M arch, 1898, and owns all the Bonds, $12,000,000, present issue to bo $10,0u0,000.
gas properties in Detroit, Mich. Has a con tract till 1923 with the city.
O fficers —Chairman o f board, R obert M. T h om pson ; President*
In Dee., 1901, a city ordinance was passed reducing the p rice o f g »h
to 70 cents per 1,000 cubic feet. - V. 73. p 1266. 1n May, 1902, It w as A m brose M onell; Sec., Stephen H. n. poll; Treas., Joseph Claudet.
D irectors in 1902,V. U ,p .7 3 0 . O ffice,7 2 -7 4 B roadw ay.—V .74. p .832.
decided to spend about $600,000 for extensions and im provem ents.
I r o n S te a in b o a t C o . —Property consists o f seven iron steam boats.
•tock . Authorized, $5,000,000; $4,560,000 outstanding; p a r,$50,
S
Dividends, 2 H p. e. N ov, m 1900, 5 p. c.; 1901, May,
p. c. The On A pr 9, 1901, Ohas D. Thom pson o f Jersey C ity w as appointed
tem porary receiver, and in A pr., 1902, foreclosu re sale was ordered.
Nov., 1901, dividend w as passed —Y. 73, p. 1063.
—V. 72, p. 725; V. 74, p. 730. R eorganization plan effective June,
Bonds .—T he new prior lien m ortgage is for $6,000,000, o f which 1902. V. 74, p. 7 7 8 ,8 8 7 . For year ending Got. 33, 1900, gross re
$561,000 retained for future exten sions and im provem ents and $381,
ceipts were $236,935; op eratin g expenses, $183,006; terminal charges,
000 to retire the $365,000 Det. Gas 5s, not yet exchanged, and $15,881; rentals. $ 2 3 ; interest on bonds, etc., $ 2 7 ,6 5 1 ; bal., cur.
$16,000 incom e 5s. Prior lien bonds are subject to call at 1 1 0 .
for year, $37,176. Tri 1895-0, gross, $224,152; sur. fo r year over
E arninoh. -Jan. 1 to Oct. 31, 1500, net, $363,913; against $309,308; charges, $21,654. Stock, $500,000. Bonds, $500,000 1st Os, due J uly
net for fiscal year ending Dec. 31, ’ 0 1 , $527,018, agst. $512,252 Iri '00, 1 ,19 01 ; Interest J. & J. President, Allan O, W ashington. - (V. 71. p.
OrPfCKas. —President, Emerson McMillin, New York; Gen. Man., II. 1 I 1 8; V. 73, p. 35; V. 74, p. 730, 778, 887, 1041.)
D. W aibddge, Detroit. Mich. (V. 73, p. 1063. 1266, 1315,1254.)
J e r t c r w o u A'. <'Ioa« r l i e l d C os t I A I r o n d o , — O r g a n i z a t i o n .—
*:
D e t r o i t T f a e k l i i n r Ac I f f a r q n o t t f i U K . L a n d G r u n t . — L an d Organized tinder the law s o f Pennsylvania in M ay, 1896, to acquire
grant unsold Jan., i902, 1,206,882 acres in Northern Michigan along the coal and oilier properties o f the Bell, Lewis A, Yates Coal M ining
line of the Detroit, Maoklnar < M a r q u e tte U R ., fo r e c lo s e d O ct, 1886' Co. See V. 62, p. 9 0 8 ; V. 63, p. 1 15. The securities o f the now cum*
V
jinny fire Included in the table on page 20 o f this S uimjijciumn'T, The
Lands were free from taxatl > till 1 898. Qf the. total Issue o f $4,560,
n
present cap acity o f the mines is about 10,000 tons per day, but the
50 y e a r b o n d s , due O c t l , 1.91.1, $J ,2 1 5 ,0 0 0 h a v e b e e n p u r c h a s e d
greatest amount so far shipped In one year was 1,54 1,000 tons.
• $427,7 81 (a b o u t 55 p e r c e n t p e r b o n d ) an d $ 5 7 4 ,0 0 0 have b e e n re
Or
reived (or la n d and canceled, le a v in g o u t s t a n d in g J a n . 1. 1 9 0 2 ,
STOCK.- T h e $ 1 ,5 0 0 ,0 0 0 com m on a n d $300,000 o f the $ 1 .500,000 o f
$ 2 .7 7 1 .000. F rom O c t ., 1 8 9 2 , to A p r ., 1 9 0 2 . 2 p e r c e n t in t e r e s t w e s 5 p. e, ft on-cum ulative preferred stock is ow ned by ih< Koob.osl.er &
paid (1 p, c, ea ch in A Sr, Q) at C e n tr a l T r u s t (Jo., N, Y . Hee r e p o r t i Pit!burg Goal Sc Iron Co,, which places the control o f {lie output from
p. e,
Feb., 1879, to Jan., 1900, V. 70, p, 684. In Juh 1902, an offer o f $1,, tin’- property with the Buffalo R ocnoster A Pittsburg Kail way (Jo.
2 5 0 ,0 0 0 w as received fo r 1 ,0 0 0 ,0 0 0 a c r e s , r e s e r tig to th e f ofn p a u y
Dividend ft On preferred
5 p. < .; I
•
mineral rights to the lands In Marquette County p a y a b le our fpuirti r 5 j) c, yearly ti«\ Sc A .r On In 1897, Aug., dividend, 2 p.to Feb,, 1902,
com m on, first
e., paid Aug.
v
the balance In three equal annual p ymenti. Th la r g e ' t 15, 1900; none si nee to A pr., 3902.
nobler* (if the bonds, It Is understood, favor thf h Ic . V. 7 5 . ). 137,
B o n d s , T ru stee for' fin d m o rtg a g e is the G u aran ty Tru 4 (Jo. o f N ew
Report, for year ending Dee, 3i 1901, in Oil! ufof.r. J u! > : !0, 1902,
Y orl<; for the se co n d m o rtg a g e , the United Mu ft ■< Mori gn go A" T ru s t
.
showed: tiro s * receipts, $ 3 5 6 .8 5 V * dfsoTirsements," t a x e •,5 c ., $0 1,
Go. T he sin k in g fund 1> 9 cen ts for each ton o f coal m in ed , th e p ry_n>6; bonds canceled, $250,000; Int. on bonds, $ 0 0 ,4 2 0 ; tmL, s ir.. $t 4.m ent u noi. to be less than $ 5 0 ,0 0 0 per annum , and the bond s to be d ra w n
’ tit
1900, gross, $160,899; surplus over bond Interest
at J05 and a ccru e d Interest, if n ot n u rcliasaid e fo r Bass. A ny bon d s so
—'Y 73, p. 786, 904, V. 74, p 775; V. 7 5 ,p 137.)
. H ', m i n l n n C o n i d o . ,
L i m i t e d . —O r g a n i z a t i o n .—I n c o r p o r a t e d
p u rch a sed or draw n are to b e hold unoaneeled by (b e tru stee, and the
int cr e st on them In vested fo r the sin k in g fund, it is estim ated th at
' ''•b Jommnn Stock, $15,000,000; prof, stock and bonds, see with these a ccu m u la tio n s th e firsts will be retired in tw en ty-th ree years
w n e p, 1 5 7 . Loans ami bills payable Mar, I. 1902, $840,000
1 and f lic secon d s in tw e n ty eig h t y ea rs and six m on th s.
172
INVESTORS’ SUPPLEMENT.
A s further security fo r the bonds there is pledged w ith the Guaranty
T rust Com pany o f N ew Y ork, R eyn oldsville & Falls Creek RR. Co.
first m ortgage 6 p e rc e n t bonds $170,000, and $170,000 stock being the
tota l capital and securities o f that com pany. The R eyn old sville &
Falls Creek RR. Co. ow ns about 28 m iles o f track, con n ectin g the
m ines at Falls Creek with Buff. R och. & Pitts. R y., Penn. R R ., E rie
R R .. W estern N. Y . & Penn. R R .—(V. 71, p. 238.)
J o u r n e a y Sc B u r n h a m . - See plan. Y . 7 0 , p. 1293; V . 7 4 , p. 580.
W a d i s o n S q u a r e G a r d e n . — Owns in fee a b lock o f lan d in N ew
Y ork City and building thereon. Stock, $2,000,000 (par, $100).
B o n d s .— $ 1 ,2 5 0 ,0 0 0 first 20-year gold 5s, due N ov. 1 , 1919, and
$75 0,0 0 0 2d gold 6s; last cou p on paid on latter bein g that o f Nov.,
1896, in Feb., 1897. M erc. T ro s t Co. o f N. Y ., trustee. Second m ort
gage bondholders’ com m ittee: F. K. Sturgis and W. C. G u lliv e r; depos
itory, J. P. M organ & Co.—V. 65, p. 620.
D i r e c t o r s (Oct., 1 9 0 1 ): F. K. Sturgis, J. P ierp on t M organ, D. O.
M ills, Charles Lanier, H. H. H ollister, W. F. W harton, Stanford
W hite, W. C. G ulliver, James T. W oodw ard, W. C. Jord an and James
C. Y ou ng.—(V. 67, p. 690; Y. 68, p. 85; V. 71, p. 137.)
M a n h a t t a n R e a c l i H o t e l Sc L a n d ( L i m i t e d ) . —Owns the real
estate and premises know n as Manhattan Beach, w ith the M an
hattan Beach and Oriental hotels, m usic amphitheatre, 446 acres of
land, &c. Stock, $2,000,000, o f w hich $500,000 is preferred 5 p. c.
n on -cu m u la tiv e; preferred outstanding, $400,000. Bonds, $1,500,000 general gold 4s, due Nov. 1, 1940; int. M. & N ; Central Trust Co.
o f N. Y ., trustee. Com m encing w ith M ay, 1894, fou r years’ cou pon s
w ere funded into 10-year scrip. A few o f the coupons have n ot yet
been funded. N. Y . office, 192 B roa d w ay.—(Y. 62, p. 869.)
M a r s d e n C o m p a n y . —In corp ora ted in February, 1897, to m anu
factu re produ cts from cornstalks—see V. 65, p. 235, for uses o f p rodu ct
Com m on stock authorized, $35,000,000; outstanding, $33,962,2 <0
P ref. stock, 6 p. c. cum., authorized, $15,000,000; issued, $1,546,200.
R ep ort fo r 1901 in V. 74, p. 1354. O v ns m ajority o f stock o f In ter
national Smokeless P ow der Co., a part being pledged to secure $300,000 notes due 1902. See V . 71, p. 1123. In July, 1901, obtained
co n tro l o f Amer. M illing Co., with plan t at R iverdale, Chicago. V.
74, p. 35; Y. 74, p. 1354. President, E. G. B u ck n er.—(V. 73, p. 35,
794; Y. 74, p. 1 3 5 4 .)
M o n o n g a l l e l a R i v e r C o n s o l i d a t e d C o a l Sc C o k e C o .—
{“ R iver Coal C onsolidation.” )—In corp orated in Penn, in June, 1899, to
consolidate coa l interests alon g the M onongahela R iver, and coa l tra f
fic to N ew Orleans, etc., inclu din g 200 steam ers and 4,000 coal
boats and barges, and coa l elevators, etc.
Owns betw een 36,000 and 37,000 acres o f coa l,exclu sive o f surface. See con stituent
concerns taken ov er Oct. 2, 1899, Y . 69, p. 1065; see also Y. 72, p.
876, 939; V. 74, p. 99. In May, 1901, purchased about 7,000 acres o f
co a l land near Birmingham, A la., th e Corona Coal & Iron Co. being
incorporated to take it o v e r.—V. 72, p. 1191.
D ividends on p ref., 7 p. c. yearly, July, 1900, to July, 1902 (J.—
I).
A sinking fund o f 5 cents per ton o f l 1* inch coal m ined and shipped
*
w ill retire bonds annually about Dec. 1 if purchasable in the open
m arket at a reasonable p r ic e ; during 1900 $184,000 w as canceled.
R e p o r t fo r period ending Oct. 3 1 ,1 9 0 1 , with balance sheet, was m
Y . 74, p. 266, show ing undivided profits ov e r all charges and d ivi
dends on preferred o f $361,374; total surplus Oct. 31, 1901, $857,061.
President, John B. Finley; Treas., Geo. I. W hitney, Pittsburg, Pa. D i
rectors, Nov., 1901, Y. 7 4 ,p. 266.—(V .74, p. 9 9 , 155, 2 6 6 .)
N a t i o n a l R i c e M i l l i n g . —See fu ll statem ent Y . 55, p. 49; Y. 71,
p. 1123, 1223; V. 72, p. 91, 1 3 5 , Y . 73, p. 1163.
[V ol . LXXV.
E lectric V ehicle Co. Name changed as above Jan., 1902. Stock au
thorized, $5,000,000; par, $20, as reduced in Jan., 1902; outstanding,
$4,700,000. Y. 74; p. 9 9 ,2 1 5 . O wns entire capital stocks o f Fifth
Avenue Coach, M etropolitan and Century E xpress and Park Carriage
com panies. In June, 1901, purchased N ew port plant and con trol of
the M etropolitan and Century E xpress com panies. V. 72, p. 1139,
1191; V. 73, p. 35. V. 70, p. 844; V. 71, p. 290; V. 73, p. 35. State
m ent fo r year 1899, with balance sheet, was in V. 70, p. 840. Presi
dent, H enry Sanderson: Treas., W. K. Ryan; Sec., R alph G. M iller.
Office, 8th A ve. and 49th St., N. Y .—(V. 74, p. 99, 215, 482.)
N e w Y o r k Sc C lu e e u s E l e c t r i c L i g l i t Sc P o w e r C o .—O r g a n
consolidation . In corp orated in July, 1900; supplies en
tire borough o f Queens outside o f R ockaw ay. See official statement
iz a t io n .— A
to New Y ork Stock E xchange, V. 72, p. 1039.
S t o c k a n d B o n d s .— Stock, com m on and pref. 5. c. non-cum ., $1,250,000 each, all issued. Par o f shares, $100. B onds, $2,500,000
30-year gold 5s, dated Aug. 1 ,1 9 0 0 ; int. F&A; U nion Trust Co., N .
Y., trustee. Of the bonds $2,121,000 are outstanding, $200,000 are re
served to retire the $200,000 N. Y . & Queens Gas & E lec, gold 5s, due
Jan. 1 ,1 9 4 9 , and $179,000 fo r extensions.
E a r n i n g s .— F or 8 mos. ending Mar. 3 1 ,1 9 0 1 , gross, $193,206; net
ov e r taxes, etc., $99,247; interest op bonds, $65,600; sur., $33,647.
D i r e c t o r s . —Frank T ilford, H. E. G aw try, T. W. Stephens, H enry R.
W ilson, Jam es T. Pyle, Julian D. Fairchild, A bram M H y a tt and L.
B. G aw try, o f N ew Y ork ; Frank T ilford, President. N ew Y ork office,
41 W all St.—Y. 73, p. 187, 680.
N e w Y o r k Sc T e x a s L a n d . —This com pany took the lands granted
to the International and H ouston & Great N orthern railroads, about
5,000,000 acres. June 30, 1900, had 1,914,912 acres unsold. Stock,
$ 1,350,000; par $45. Treasurer, J. 8. W etm ore, 100 B roadw ay, N. Y.
—(V. 66, p. 83.)
N e w Y o r k T e l e p h o n e . —In 1896 this com pa n y to o k ov e r the
business o f the M etropolitan T. & T. Co, w ith e xclu siv e rights under a
perpetual license from the A m erican B ell Telephon e Co. to the tele
phone business in city o f N ew Y ork and suburbs.—V. 63, p. 229. In
1901 stock w as increased from $16,000,000 to $30,000,000 (par, $100)
o f which Amer. Teleph < Telegraph Co. owns $19,329,400 and Western
fc
Union Telegraph Co. on Ju ly 1. 1901, $6,164,300. Y. 71, p 139, 290.
D ividends paid in 1899 and 1900, 6 p, c. yearly. Y. 71, p. 139, 290.
N i a g a r a F a l l s P o w e r C o m p a n y * T h e . —Organized in 1 8 8 6 and
has authority b y special acts o f N ew Y ork State to use the w ater of
Niagara R iver and also to transm it any pow er, heat or light developed
from such w ater to p ra ctica lly any point in N ew Y ork State. It has
1,071 acres of land. Tunnel first opened January 1, 1894. The 5 0 ,0 0 0
horse-power from pow er-house No. 1 is all in use and in Mar., 1902,
power-house No. 2 was p ra ctica lly ready fo r the first installation o f
30.000 horse oow er, and con tracts w erebm n g let fo r the rem aining
25,000. U pon com pletion o f power-house No. 2 the com pany’ s capac
ity will be 108,000 electrical horse p ow er and 8,000 hydraulic horse
pow er on the A m erican side. A nlaut on the Canadian sine o f 100,000 horse p ow er is under construction; first installation o f 30,000
horse pow er is to be com pleted in 1903. V. 72, p. 939; V. 73, p. 35.
Custom ers, A pril, 1901, in Y. 72, p. 678.
Securities.
P a r.
Interest. Outstand'g. M aturity9etc.
S tock ....................................................................
$3,331,000
...................
1
$10?000a0 c 6 e Ce ’ ^ $ 5 0 0 - &c■ 5g - V arious-
D l3 ?0 0 0 ,b o 6 Cl S p ’ \
1’000
S g.-A .& 0.
10,000,000
1,500,000
Jan. 1, 1932
Apr. 1 ,1 9 1 0
D | i e0 0 0 0 0 b COnV' ' i ............
6 A.&O.
300,000 Oct. 1 ,1 9 1 1
Stock authorized b y charter $10,000,000; b y stockholders $9,500,on M arch 18, 1899.
Annual output increased Oct., 1899, from
6,300,000 to about 10,000,000 barrels, claim ed to be over 90 p. c. o f 000. Issued, $3,331,000. M ortgage, $10,000,000, covers 1,071 acres in
tota l output o f the U. S .,o f w hich 4,850,000 bbls. produ ced at plants city o f N iagara Falls, tunnels, franchises, etc.; also the m a jority stock
ow ned, and b alan ce purchased. Y. 69, p. 853. Official statem ent to o f the C ataract P ow er & C onduit Co., B uffalo, and the Tonawanda
N ew Y ork Stock E xchange was in V. 71, p. 1118; V. 68, p. 524. In P ow er Co., North Tonaw anda, N. Y. Coupon ruort. bonds are $1,000
O ct., 1901, a m ajority o f stockholders accepted for $1,000 preferred one each; int. J & J ; registered; $500 or m ultiples o f $500; int. Q.-J. For
$1,000 five per cen t gold bond o f the International 8alt Co. and one the construction o f p ow er house and wheel-pit No. 2 with connecting
share ($100) o f its capital stock, and fo r com m on stook an equal tunnel were authorized $3,000,000 debentures, dated A pril 1 ,19 00 ,
am ount o f International Salt Co. stock. See International Salt Co. con vertible into stock. $ fo r $, at holder’ s option on or before A pril 1,
1905; o f these, $1,984,000 were outstanding Mar. 31, 1902. Stock
and Y. 73, p. 725.
holders in July, 1901, subscribed at par to $ 2,' 00,000 new debentures,
8 t o c k , E tc .—Com m on stock is $7,000,000; preferred 7 p. c. non- payable in instalm ents, to build plant on Canadian side, convertible
cum ulative, $5,000,000; o f these $1,241,750 each of com m on and p re at holder’s option after Oct. 1, 1903, and before Oct. 1, 1908, into
ferred was deposited in escrow on accou n t o f purchase o f United stock, $ fo r $. They w ill be secured b y deposit o f an equal amount
Salt Co., and an equal am ount o f 7 per cent preferred and 10 per o f debentures o f Canadian N iagara P ow er Co.—Y. 73, p. 35. See V.
cen t com m on trust certificates issued against same; the certificates 70, p. 689. President, D. O. Mills ; Sec.. V.-P. and Treas., W illiam B.
are in default, the con tract with the United Co. bein g in litigation. The Rankine. N. Y . office, 15 B road St.—(Y. 73, p. 35; V. 74, p. 1143.)
am ount o f certificates unpaid Feb. 1, 1901, w ith ou t interest charge,
O g d e n G a s ( C h i c a g o ) . —S u p p . o f J a n ., 1 8 9 8 .—Y . 74, p. 99, 155.
w as $685,547. See Y. 74, p. 678; V. 71, p. 1272; V. 72, p. 186, 286.
In A p r., 1901, A. W. Lamson and J. B. Zerbe were appointed receivers
O h i o Sc I n d i a n a C o n s o l i d a t e d N a t u r a l Sc I l l u m i n a t i n g
o f the U nited Co. See V. 72, p. 725; V. 73, p. 960; Y. 74, p. 382.
G a s ,—A consolidation incorporated in N. J. on Deo. 2 9 ,1 8 9 9 , per
D i v i d e n d s . —O n pref. in f u ll to N ov., 1901, o n com m on, l 1 p . c. a n d
^
plan V. 69, p. 1251. Stook $10,000,000, o f which $1,000,000 to ac
e x tra ^ p. c. A u g., 1900; N ov., lia p. c.; 1901, 6 p. c. (Q.-F.)
quire new gas fields. See statem ent to N. Y . Stock E xchange, V . 70, p.
994. D ividends paid Mar. 1, 1900, to June, 1902, one p. o. quarterly.
B o n d s .— $260,000 H utchinson-K ansas Salt Co., due Jan. 1, 1912.
U nderlying bonds, $820,000 Ind. Nat. & 111. Gas 6s (int. M -N ),due
R e p o r t fo r 1 9 0 1 , w ith balance sheet, in V . 7 4 , p. 6 7 8 (see also p . 730
and editorial, p. 7 0 1 ), s h o w s : Net profits, $ 3 8 J » 1 5 ; surplus Dec. 31 , 1908; $1,690,000 L ogansport & W abash 6s, J-D, due 1925; $1,940,000
Fort W ayne, 6s,J J, due 1925; $960,000 L afayette 6s, M-N, due 1924;
1 9 0 0 , $ 7 7 8 ,9 4 9 ; sundries n ot credited in 1 9 0 0 , $ 5 8 ,5 1 0 ; total, $ 8 7 6 ,3 7 4 ;
dedu ct amount credited to surplus in 1 9 0 0 fo r p rofit on United Salt Co. $1,940,000 Ohio & Ind. 6s (J-D), due 1926. Earnings o f five con stit
n o t received, $ 1 5 5 ,3 i 4; redem ption o f bonds o f subsidiary com panies, uent com panies fo r year ending Dec. 31, 1899, were: Gross, $1,961,371; net, 1,332,613; charges, $454,875; dividends, *362,500; construc
$ 4 0 ,0 0 0 ; dividends paid, $ 6 5 1 ,1 7 2 ; balance, $ 2 9 ,8 8 8 . D irectors, V . 74.
tion, $486,962; bal., sur., $28,276. Prest., Chas. F. Dieterich; Treas.,
p. 683. President, N. 8. Beardslee; Asst. S e c .,--------------Hunter, 115
B roadw ay, N ew Y ork. Office, Scranton, Pa.—(Y. 74, p. 6 7 8 , 683, 730.) A. B. P roal, 45 B roadw ay, N. Y .—(V. 71, p, 1015.)
O m a h a W a t e r C o . —O r g a n i z a t i o n .— Successor in 1896 of A m e r
N a t i o n a l S u g a r R e f i n i n g . - O r g a n i z a t i o n . — In corp orated in
N ew J ersey on June 2, 1900, and took ov er the New Y ork Sugar Refin ican W ater-W orks Co. o f Illin ois, per plan in V. 62, p. 1085. Stock,
in g Co.’s (Doscher) refinery, L on g Island C ity, the M ollenhauer refin Common, $2,500,000, n ot issued; outstanding, first pref., 5 per cent
ery, B rooklyn , N. Y .. and the National refineries, Yonkers, N. Y. The non-cum., $750,000; second p ref., 5 p. c. non-cum ., $1,000,000. Par
ca p a city o f the new com pany will be 10,000 barrels daily. V. 70, p. of shares, $50. P referred stocks are subject to call at par, dividends
1098; V. 71, p. 31. Stock, $10,000,000 6 p. e. cum ulative preferred being paid at Farm ers’ Loan & Trust Co., New Y ork. Decision, 6ee
and $10,000 000 com m on stock; all outstanding; par o f shares, $100. V. 71, p. 915; V. 73. p. 1211. Dividends paid on first preferred:
D iv. on pref.,
p. c. (Q .-J.).paid Oet. 2, 1900, to July 2, 1902, incl. 1898, 5 p er cent; 1899, 5 p. c.; 1900, 5 p. c.; 1901, 5 p. o. On second
N o bonds. President, Jam es H. Post; V ic o Pres. and Treas., F. D. pref. 1 p. o. paid A u g., 1899; 1900, 2 p. c.; 1901, 2 p. o.
Outstandfg.
Securities.
Par. Interest. Outstand9
g.
Last div.f etc.
M ollenh au er; See., H. D. C ory.—(V. 72, p. 483.)
$50
None.
N e w a r k C o n s o l i d a t e d G a s .— O r g a n i z a t i o n .— In corp ora ted in
Feb "i 0 ,’0 2, 2
$750,000
FA A
50
N ew Jersey on N ov. 30. 1898, and ow n s or con trols all the gas plants
Feb. 10, ’02,1
F& A
1,000,000
50
2d pref., 5 p. o.
tributary to N ewark betw een Passaic and E lizabeth, N . J. Stock,
$6,000,000, all com m on. Of the $10,600,000 consol. 5s, $4,025,000 Prior lien gold 5s’ ^ 1,000
793,000
1 ,0 0 0
7 9 3 ,0 0 0
J u ly 1 ,1 9 1 0
J& J
are reserved fo r prior bonds and $701,000 for future im provem ents
and extensions. D ividends increasing from ^ p e rce n t per an. in 1900- C #6S000 000d
3,577,000
J& J
1 1,000
J &J
3 ,5 7 7 ,0 0 0
1940
01 to 5 p. o. in 1909-10, and thereafter, are guaranteed on the $6,000,Both issues o f bonds are su bject to call at 1 0 5 per cent. Consols
000 stock. P rice o f gas reduced to $1 per 1,000 cu b ic ft. A pril 1, 1900.
bear interest at 5 per oent from July, 1901.
V . 70, p. 534. There are $25,000 M ontclair Co. bonds due Ju ly, 1903.
President, Theodore C. W oodbury, New Y o rk ; See., H a r r y Miguels
Leased fo r 999 years from Deo. 1, 1898, to U nited Gas Impt. Co.
and lease assigned to E ssex & H udson Gas Co. ($4,325,000 stock of Verrill; Treas., Stockton Heth, Omaha, N eb .— (V . 7 3, p. 1211.)
latter being ow ned b y the U. G. Im pt. Co,), but the U. G. Im pt. Co. will
O n t a r i o Sc L a k e S u p e r i o r C o .—See Consol. L ake Superior Co.
fo r the first six years be d irectly responsible for all paym ents under
lease. Terms o f lease, dividends on stook, etc , see V. 67, p. 1002.
P a c i f i c P a c k i n g Sc N a v i g a t i o n C o .—OR9 ANIZATION.—In c o r
Pres., T. A. N evins; Sec. & Treas., U. H. M cCarter.—(V. 72, p. 1139.)
porated in New Jersey in July, 1901, and acquired 16 o f the leading
N e w Y o r k M u t u a l T e l e g r a p h . — Successor to the Mutual Union salm on-canning concerns in Puget Sound and Alaska, including PaclflcTelegraph Com pany. The stock carries dividends of 6 per cent per Am erlean Fisheries Co (V. 70, p. 999), etc., but not the A laska Pack
annum under a lease fo r 99 years from February 15, 1883, to W estern ing Association (V. 72, p. 672; V. 73, p. 3 4 ) . - V. 73, p 142.394. Official
statem ent, V. 74, p. 1138. The Pacific (Selling Co., with $1,000,000
U nion Telegraph, w hich ow ns $2,385,700 o f the $2,500,000 stock.
stock, is selling agent. V. 73, p. 960.
Stock authorized, $12,500,000 each o f com m on and 7 per cent cum.
N e w Y o r k T r a n s p o r t a t i o n C o .—O r g a n i z a t i o n .— Incorporated
tn New Jersey on Feb. 23, 1899, and operates under license from the preferred; outstanding, com m on, $6,150,000; preferred, $6,100,000.
N a t i o n a l S a l t C o .— O r g a n i z a t i o n .— In corp ora ted in N ew Jersey
MISCELLANEOUS STOCKS A N D BONDS.
Ju l y . 1902.]
A ll tlie stock w ill be held for 5 years in a v otin gtru st. (V 73, p. 239 )
Of the debentures (authorized issue $7,000,000), one-tenth are retlrable by a sinking fund yearly, either b y purchase in the open
m arket or through draw ings b y lot at 105 and interest
Under readjustm ent plan, V. 74. p. 1 143, the outstanding preferred
stock w ill be increased to $7,100,000, the $3,115,000 6 per cen t deben
tures retired and $ l , r 00,COO new 20-year 5 p e r c e n t debentures w ill
be issued, w ith $75,000 yearly sinking fund begin n ing Jan. 1, 1904,
any am ount being subject to call (when drawn) on any interest day at
1 021
s. ib is w ill reduce rhe annual interest charge from _$ 18 6 f900 to
$75,000 and the sinking fund charge from $300,OcO to $7 5,000, a total
saving o f $336,900.
R eport in Y. 74, p. 1138, showed estim ated profit fo r year ending
Dec. 31. 1901, on basis of op eration o f all the properties ow ned, of
$1,009,497; interest and sinking fun d requirem ents, $480,000; bal.
fo r dividends, $529,4 97.
O f f i c e r s .— P ies , Charles Counselman; V ice-P res., Thom as B M c
G overn; Treas., Frederick F. Carey; Sec., R oland Onffroy; D irectors,
V. 73, p. 618.—(V. 73, p. 960; Y. 74, p. 1 1 3 8 , 114 3.)
P e n n s y l v a n i a E l e c t r i c V e h i c l e — O r g a n i z a t i o n .—In co rp o r
ated in New Jersey as Philadelphia M otor W agon Co. ana Dame
changed about M arch, 1899. Stock, com m on, $800,000 all outstand
ing; preferred. 6 p er cent, cum ., $400,000. P ar o f shares. $10, as re
duced D ec., 1901. H as license from E lec. V ehicle Co. to operatein Penn.
R eport fo r cal. year 1901, Y .74, p. 482. Pres., H erbert Lloyd, D rexel
B ldg., Phila.—V. 73, p. 1211; V . 74, p. 482.
P h i l a d e l p h i a E l e c t r i c C o .—O r g a n i z a t i o n .— In corp orated In
N e w Jersey on Oct. 6 ,1 8 9 9 , Controls nearly all o f the electric-light
properties of the citv; a h o in W est Philadelphia and Chester. In Sept.,
1901, acquired $146,275 of the $150,350 Kensin gton E lectric Light
Co. s t o c k .- (V. 73, p. 496,680; Y. 74, p. 1249.)
St o c k .—A uthorized, $25,000,000, o f which. $12,250 in treasury; 20
per cent paid in; 10 per cent additional called, one-half payable Mar.
1 and rem ainder Sept. 1 ,19 02 . V. 74, p 156, and circular, p. 215. F irst
dividend, 15 cents per share, paid June 1 6 ,1 9 0 2 . Y. 74, p. 1093.
B o n d s .—Collateral trust 4 per cent gold fifty-year certificates, dated
Oct. 16, 1899, am ounting to $17,500,000 have been authorized, of
w hich $ 14,982,200 were used to purchase $14,994,100 o f the $15,000.0( 0
Penn. M T g . L. & P. stock ($1,500,000 paid in) and all the $1~,500,000 N a t E lec, stock ($4,375,000 paid in), the balance to be
retained to acquire other electric properties in Philadelphia and ad
jacen t counties. See V. 69, p. 797, and official circular, p. 853; and
official statem ent. Y. 74, p. 1249. U nder agreem ent o f Oct. 12, 1899,
$2,000,000 old Phila. E lectric certificates'w ere purchased, reducing
the am ount outstanding to $11,266,700. Y. 70, p. 331. In A u g., 1900,
purchased $2,000,000 fours, m ostly in the open m arket, the same
being placed in the treasury uucanceled and held available as collat
eral for loans. (V. 74, p. 215 )
R e p o r t .—Y ear ending Dec. 31, 1901, w ith balance sheet, was in
Y. 74, p. 882. T otal gross in c., $3,295,971; expenses, taxes, etc., $1,717,247; interest, $1,263,547; bal. surplus, $315,180.
President, Joseph B. McCall; V ice-P res., W illiam F. H arrity; 8ec’ y,
A. V. R. Coe; Treas., Wm. P. C onover, Jr. Office, N. E. cor. 10th and
8ansom 8ts., Phila., Pa.— (V. 74, p. 215, 778, 8 8 1 , 1093, 1 2 4 9 .
P i t t s b u r g C o a l C o . — (“ R ail Coal C onsolidation.” )— O r g a n i z a
in N. J . in Sept., 1 8 9 9 , and in O ct., 1 8 9 9 , acquired
ra d ic a lly ail the large coal mines tribu tary to railroads in the Pitta
urg district, together with coal and ore docks, loadin g and unloading
dants at Duluth, Chicago, M ilwaukee, Cleveland, A shtabula and oth ef
ake ports. Owns about 150 coal m ines, w ith equipm ent, and over
150,000 acres o f c o a l . lands in, or within a radius o f 40 m iles o f Pitts
Durg, togeth er with som e 4,500 coal cars operating over railroads radi
ating from Pittsburg, Owns N orthw estern Coal R y., w hose 5 per cent
bonds It guarani ees. 8ee that com pany under “ R ailroads.” - V . 71, p.
713. Late in 1901 leased Shaw Coal Co. properties (about 4,200 a cre-).
15 miles west o f Pittsburg, for 40 years, and in Jan., 1902, about 5,000
acres in the H ocking Valley. Y. 74. p 376. In June, 19o2, purchased
control of the Pittsburg & Castle Shannon R R . and mines. V. 74, p.
1312.
B onds .—T he stockholders v oted A pr, 29, 1902, to issue $6,000,000 5
per cent gold bonds, secured b y pledge o f the stocks o f som e o f the
subsidiary corporations. V. 74, p. 833.
D ividends on p ref., 1900, to July, 1902, 7 p. c. (Q.-J. 25).
R epo rt .—Rep ort fo r year ending D ec. 31, 1901, in Y. 74, p. 376,
showed net profits after deducting expenses and all losses, $4,272,
2o9; roy a lty and depreciation, $1,172,671; div. (7 per cent) on pref.,
$2,078,805; undivided profits, appropriated fo r p referred stock divi
dends and w orkin g capital. $1,020,673.
O fficers .—Francis L. R obb in s, Chairman o f the B oard and Pres.;
Treas., John D. Nicholson; Sec.. F J. Le M oyne, 232 5th A ve., Pitts
burg. Directors, Jam , 1902, V. 74, p 100.—(V 74, p. 3 7 6 , 833, 1312.)
t i o n .— In corp orated
f
173
R e p o r t .— R ep ort fo r year e n d in g M ay l in Y. 74, p. 1143, show ed:
Year.
R eceipts. Expenses. In terest. B a l.9 r.
su
1901-2...........................................$317,662 $64,095 $135,000 $118,567
1900-1.......................................... 314,764
86,475 135,000
93,289
* 5 p. c. on pref. in b oth years, 2 p. c. on com m on in 1899, 1 p. c. in
1899-1900.
Pres., R o b e rt S. B rook in gs.—(Y. 72, p. 1 0 3 2 ; Y . 74, p. 1 1 4 3 .)
S i l v e r B u l l i o n C e r t i f i c a t e s . —The silver b ullion certificates
dealt in on the N. Y. Stock E xch a n ge represent each 1,000 ounces o f
fine silver bullion deposited w ith the M ercantile Safe D eposit Co. o f New
Y ork, and are each subject to a storage charge o f tw o cents per day; bar
silver storage is one cent p er day. A v . w eigh t o f bars is 1,080 oz.
S o u t h Y u b a W a t e r C o .— Owns 20 storage lakes and reservoirs in
Placer and N evada counties, California, 12 distributing reservoirs and
500 miles o f canal and pipe lines. Incorporated in California in 1854
and in N ew Y ork in 1880. Supplies w ater for household and m unicipal
purposes, p ow er and irrigation, electric p ow er and light.
A re a
supplied about 2,000 square miles.
Securities.
P a r. Interest.
Outsland’g.
M atu rity, etc.
Stock, $ 2 ,0 0 0 ,0 0 0 ..
$50
$ 2 , 000 , 0* 0
1st m o rtg a g e ..........
500
6 A.&O.
440.000
Apr.* "i^ 1 916 1
Consol, mtge., gold, >
0Q0 fio. _ T - ,
560.000
J u ly 1 ,1 9 2 3
$ 1 ,5 0 0 ,0 0 0 ...
. . 5 I,UUU o & J.&J.
.
B alance o f consols are reserved to retire the first 6s. A pp lication to
N. Y. Stock E xchan ge fo r listing con sols o f 1893 in V. 59, p. 700. F o r
year 1899, gross, $193,500; net, $114,595; int. on bonds, $60,000. In
1898, gross, $179,774; n et, $103,428.
O f f i c e r s .— President, W arner Van N orden; Secretary, W arner M.
Van Norden. Offices, 25 N assau St., N. Y .; N evada City, Cal. and
A uburn, C a l.- (Y. 59, p. 6jr, 697, 700.)
S t a n d a r d M i l l i n g C o .— O r g a n i z a t i o n .— In corp ora ted in New
Jersey on Oct 3 1 ,1 9 0 0 , as successor o f the U nited States F lou r Mil
ling Co., per plau iu Y. 70, p. 284, Y. 71, p. 185, and ow ns 19 m ills in
Minneapolis, Duluth, W est Superior, M ilw aukee, B uffalo, Syracuse and
New Y ork See V. 68, p. 8 73 ,92 9 ; Y. 6 9 ,p. 29, 1010; V. 71, p. 817. In
May, 1901, it was arranged to lease certain o f the m ills to the DuluthSuperior M illing Co., form ed under M innesota law s. Y . 72, p. 940.
The properties o f the old com pan y w erejtaken over M ay 1 1 ,1 9 0 2 .
S t o c k a n d B o n d s .— Stock authorized, $4,600,000; pref., 5 p er cent
non-cum ulative, $6,900,000. Of the new 1st 5s,$2,261,000 is reserved
to retire at par the $1,496,000 H eck er-J on es-J ew elllst 6s and $765,000
Northwestern Consolidated M illing 1st 6s (see V. 70, p. 283). The plan
limits the new m ortgage to $5,750,000, but perm its increase o f this by
$500,000 fo r w orkin g capital, the bonds to be sold at n ot less than 95.
C h a r g e s , E t c .— Interest charges, $310,110; sinking fun d fo r bonds*
$45,000. The net earnings, it is claim ed, w ill be at least $700,000.
O f f i c e r s .— Chairman oi B oard, B r a y ton Ives; Pres., Samuel Thomas^
1st Vice-Pres., Wm. L. Bull; 2d Vice-’P ., J. C. Klinck; Sec. and Treas.,
J. A . K n ox. Office, 37 W all S t , N. Y .—(V. 74, p. 100, 785, 1095.)
T
S t a n d a r d R o p e Sc T w i n e C o .— Incorporated N ov. 8 ,1 8 9 6 , underlaws of New Jersey. Successor after f o r e c lo s u r e o f the U nited States
Cordage Co., reorgan ized, V. 60, p. 1012; V. 63, p. 1064. U nion Selling
Co. acts as selling agent.—V. 67, p. 484; Y. 69, p. 644; V. 71, p. 601.
Owns 3 mills in operation, viz., Sewall & D ay m ill at B oston (A lston),
Mass., and the W aterbury and Law rence m ills at B rooklyn, N. Y , be
sides tw o idle and partly d ism a n tled ; also entire stock o f Cannabis
Mfg. Co., ow n ing 5 m ills—the Chelsea, Standard and B oston m ills in
Boston, Wm. W all & Sons o f B rooklyn and V ictoria o f D ayton, O ; see
V 73, p. 614. R eports o f com m ittees in Y. 72, p. 987, i l 4 0 . As to
com petition in June, 1902, see V. 74, p. 1255.
8 t o c k a n d B o n d s .— Capital stock is $ 1 2 ,0 0 0 ,0 0 0 (par $ 1 0 0 ) . The
first m ortgage is fo r $ 3 ,0 0 u ,0 0 0 , yea rly sinking fund 1 p e r c e n t o f
bonds ou tsta n d in g ; firsts purchased fo r sinking fund and canceled to
Oct. 3 1 , 1 9 0 1 , $ 2 1 5 ,0 0 0 . The consols are non-cum ulative incom es, and
entitled to one vote fo r each $100 o f bonds.
R e p o r t .— Year ends J u ly 31. R eport fo r 1900-01, in V. 73, p. 614,
sh o w e d : Loss on the year’ s operations after paying interest on bonds
and borrow ed m oney, $ 63 0,9 9 4; surplus Aug. 1, 1900, $14 3,2 9 3;
balance, deficit, to profit and loss Aug. 1 ,1 9 0 1 , $ 4 8 7 ,7 0 1 . Gross sales
in 1899-00, $ 4 ,2 55 ,3 42 ; in 1898-99, $4,999,275; in 189-■-98, surplus
over charges, $223,563, against deficit o f $167,836 m 1896-97.
President, Thom as Russell; V ic e P r e s t., A lfred R. Turner, Jr.;
Treas. and Sec., Joseph G. Taylor, 14-20 State St., N. Y . D irectors:
Thomas Russell, W illiam B arbour, W. R. Potts, Jam es B. Clews,
fohn Kean, A. R. Turner Jr., Joseph G Taylor, Jos. C. R e iff and E. L©
B. Gardiner.—(V. 73, p. 6 1 4 , 1364; V. 74, p. 1255 )
S u s q u e h a n n a C o a l . — See S u p p l e m e n t o f Jan u ary, 1898.
T e m p l e I r o n C o .— O r g a n i z a t i o n .— In corp ora ted 1 8 7 3 inP en nsyl"
vania, and in M arch, 1 8 9 9 , purchased anthacite coal properties o f
Simpson & Watkins around Scranton, Pa..—V. 69, p. 2 3 1 . C ontrolled
fe
P l a n t e r s ’ C o m p r e s s C o .—Or g a n iza tio n .—I n corporated in Maine in tlie interest of anthracite coal roads, Del. Lack. < W est., Cent RR.
fc
on May 26, 190 c as successor o f a W est V irginia com pan y o f the same o f N. J., R eading Co , Lehigh V alley, E rie and N. Y . Susq. < W e s t ,
name, and the In do-Egyptian Com press Co. under plan o f con solida which guarantee both stock and bonds. See V. 7 1 , p. 1 1 2 4 ,1 1 7 0 .
S t o c k a n d B o n d s .— Stock authorized, $ 5 ,0 0 0 ,0 0 0 , guaranteed 6 per
tion, V. 74, 833, 888 A lso purchased A5 ginning plants, having a
capacity of 35o 000 L ow ry bales. V. 74, p. 1200. M anufactures cent, subject to call at par and accrued interest on Jan. 1, 1 9 0 4 , on 6
Lowry presses and markets cotton and hay when com pressed ir.t-> month* n otice, but absolutely p aya b le b y the RR c o ’s Dec. 31, 1906;
cylindrical bale-'. Owns entire stock o f Canadian (Hay) B aling Co. present issue $ 2 ,5 0 0 ,0 0 0 ; par of sharek, $ 1 0 0 . Held In v o tin g tr u s t
and patents in U. S, and M exico and 46 other countries (and colonics). by Guaranty T rust Co., which issues its certificates of b eueficiarin tcrThe new com pany had about $2,000,000 working ca p ita l. Stock. $6\- est against same. Bonds are secured by stocks o f properties ow n ed
750,000 common and $3,250,000 7 per cent non-cuinalative preferred, and are su bject to call by sinking fund o f 15 cents per ton on coal
all oustaDding, of which $968 750 com m on and $937,500 preferred ruined at 110 and interest; they are guaranteed, but severally in d if
were reserved for acquiring additional ginning plants and other p rop ferent p roportion s, by the railw ays above nam ed Of the bonds the
erty, w orkin g cap ital, etc.
$ 1 1 ,9 1 6 ,0 0 0 rem aining unissued are reserved for additional p rop er
President, A rthur R. Marsh; Chairman o f Board, Stephen M. W eld; t ie s .-(V . 71, p. 1 1 2 4 , 1 1 7 0 .)
Vice-President, T. Jefferson Cool Id go Jr.; 2d Vice-President, O. T
O f f i c e r s .— President, Geo. F. Baer, Reading, P o j Secy., A. F, Law.
Francis; Tr< ;v ., V. M. Wakefield; Hee., V. 8. G oodw in; D irectors, V. 75, D irectors V. 74, p. 7 3 2 .- (V. 71, j>. 1124, 1170; V, 74, p. 684, 732.)
P- *10. Office, 183 E ssex St.. Boston, Mass.—(V. 7 5, p. 80, 1 139.)
H b o d e 1*1 n n d - P s r k l n x H o r s e S h o e O o m p i m y . —O r g a n iz a
tion . -Manufactures horse shoes and too calks at valley Falls. R. I.. 0
miles from Providence. V, 61, p. 1014. Stock—Common (or general)
stock, $ 1,060,000; pref., 7 p e rc e n t cum ., Q J, $1,750,000 ; par, $100.
i 1892. 1898-'95. *96, 97, 08. ’99. '00. ’01,
*02.
Com m on*p,e.„. > 128* 10 yearly. 4**
... ... . . ...
Preferred,p,e,,. ) — 7 p. o. yearly.-—* 6% 5 4
4 4 JnobJnly,3%
L aw ren ce
P o w e r , —R e o r g a n iz a t io n p la n , V. 7 4 , p. 0 8 3 , 1 I Id.
St, L o iil* T f r r n i nuI < 'n p p le * S t a t i o n «V P r o p e r t y . — in co r
porated In Missouri in M arch, 18 9 7 ,and owns several blocks o f modern
Mow combustion buildings, adjoining the Term inal Railroad A s o d a
Ron $ tunnel in 81; Louis. The buildings contain a union freight. «ta
tlon connected with the Terminal UR., a rid enable the tw enty large
wholesale houses which use them under lease to a void the delay and
expense incident to the usual «y M
avra o f carting to and from depots.
uilj[statement In (Th r o n k t .f., Oct 16, 1897, p 730. The property was
|-'9Q eon veyerl In fee to the W ashington TfIII Vend fey o f Ht. Louis,
which receives the entire incom e above r ponses and fived charges
St o c k an r Bonds . Common, $ 2,000,000; preferred 5 p. c. eumula
>
Ovc $ 1,000,000. Entire stock now ow ned i>y W ashington University*
V Louis, Mo. V, 70, p, i 151, The bonds arc redeem able at 102 after
X, 1902.
T e x a s A; P a d B e C o a l , —O w n s 5 0 ,0 0 0 a cres o f co a l lands in
T ex a s.
B usiness c o n sists o f mi ni ng coa l and m a n u fa ctu rin g co k e ,
b rick , eto. -t o o k $ 2 ,5 0 0 ,0 0 0 ; ou tsta n d in g , $2,2 5 0 ,0 0 0 . D ivid en d s o f
■ ji.o. y e a rly (Q .—J .) w ere p a id ; A p r ./9 8 , l p, o., la st p a id , M ori, is Tor
i
$ 5 0 0 ,0 0 0 o f 6 p. o. b on d s, du e 1 9 0 8 ; bon d s fo r $25 - .000 in sin k in g
fund (In J a n ., 1902), lc tying $ 2 4 2 ,0 0 0 o u ts ta n d in g ; In tores l A. A O .
a t f antral T r u s t Go., N. Y ., th e m o r tg a g e tru st06* P residen t, E dgar
Iv. M arst.on, 33 W a ll Htreat, N ew Y ork . —( v , 7 1, p. l 175.)
Vl ii t o ii H ft g A I h u n r O o , O r g a n iz a t io n . In corp ora ted In New
J e rse y on Fe.lu 27. 18119, as a c o n so lid a tio n o f o v e r 90 p. o. o f the p a p e r
b a g bu sin ess o f the country* V. 08, p. 430; V. 69, p. 182, Hoc V. 71, p.
• .p
y,
A ssets and list o f p ro p e rtie s see p rosp ectu s, V. 68, p. 333;
righ ts o f stock , etc,, V. 68. p. 675. Statem ent for I I inns, en d in g F eb;.
1, 1902, with b a la n ce sheet, was In V. 74, p, 774, s h ow in g net earn in gs,
$876, 170; d iv id e n d on p re f. (7 p, o.), $ 7 7 0 ,0 0 0 ; balan ce, $10 6 ,4 7 0 .
D iv id e n . h*—
o
-On pref., July, 1899, to July, 1902, 7 per itn, (I :| quar,)
t
O j rK 'r.as
P r e s id e n t , E, (X, F ish er; 1st V, 15, f . Ii. H an ford ; 2d V. P .»
L. G . I-Huher J r .; T r e a s u r e r , G e o . K. S h e ld o n , o f f ic e , ! B ro a d w a y , N. Y.
( V. 7 2 , p. 7 7 4; V. 73, p . 7 9 4 ; V. 7 l, p. I f 0 , 7 7 4 . )
1 o i l e d It o x f lo n r c l < l*n|>*r d o * —O r g a n iza tio n ,— corpor
\
•In
ated In Now Jersey on May 2H, 1002. as a consolidation per plan V
74. p. 375.(of M o leading t raw b o a r d and bo bon rd rom p s idea {Ainer
lean Htrawboard ( o., t r a d e r ' I'e per ( o.. Lor Ii p ort, N. Y,, etc.) in Min
country, having a capacity o f 1,364 tons daily, Bee V. 74, p. 1041.
174
INVESTORS’
Stock authorized, $15,000,000 each o f com m on and 7 per cen t cum u
lative preferred. No bonds. Dean & Shibley were arranging the con
solidation in July, 1902. V. 75, p. 33. President, Jam es A. R oberts.—
(V. 74, p. 382, 634, 991, 1041, 1146; V. 75, p. 33 )
U n i t e d E l e c t r i c C o , o f N e w J e r s e y . — O r g a n iz a t io n . —In co r
porated on March 6, 1899, in New Jersey, in the interest o f the U nited
Gas Im provem en t Co. o f Philadelphia, and absorbed 21 electric-light*
heat, and p ow er cos. o f N orthern N ew Jersey. Stock, all com m on,
$20,000,000; all outstanding; par $100. Bonds, $20,000,000 50year gold 4s, interest guaranteed fo r the first five years b y the
U nited Gas im provem en t Co. (see V. 68, p. 4 7 6 ,6 2 0 , 1134; V. 72, p.
1038). B onds are $500 and $1,000 each, interest bein g payable J-D
at New Jersey Title Guarantee & Trust Co., Jersey City, trustee.
The Consumers’ Light, H eat & P ow er 5s and N orth H udson Light,
H eat & P ow er bonds, both aggregating, it was reported, about $ 4 o0 ,000, are am ong the u n derlying bonds. For year ending Jan. 3 1,1 90 2 ,
gross earnings, $1,677,322; net, $753,414; interest on bonds, $698,134;
bal., surp., $55,280. President, A. B, C arlton; Treas., Lewis Lillie;
Sec.,~L. D. H. Gilm our. Office, Newark, N. J. - (V. '«4, p. 482.)
SUPPLEMENT.
[V O L LXXV.
W e l s b a c h C o .—O r g a n iz a t io n .— Incorporated in New Jersey Apr.
28, 900, as a con solid ation per plan (V. 70, p. 898) o f the W elsbach
Light and W elsbach C om m ercial Companies. The U nited Gas Im
provem ent, itis understood, ow ns control. Stock, $3,500,000, par $100.
D i v i d e n d s .— 2 p 0 . paid June 28, 1901; in 1902, June 27, 2 p. c.
B onds .—Of the $7,000,000 gold 5s (Provident Life & Trust Co.,
Philadelphia, trustee) $409,000 reserved fo r w orking capital, etc.
R e p o r t .— For 6 m os. ending N ov. 3 0 ,1 9 0 1 , earnings were: Gross,
$410,962; net, $28*,171; int. and sink, fund, $215,830; bal., sur., $67,341. V. 7 4 , p. 3 r t . For year ending May 31,1901, profits were $625,837; Interest and sinking fund. $432,410; depreciation, $13,546; divi
dend, 2 p. 0 . paid Jim e 28, 1901, $70,000; bal., sur., $109, 80 I.
Pres., Sidney Mason; Sec and Treas , Lewis Lillie. Office, N. W. cor.
Broad and A rch Sts., Philadelphia.—(V 73, p. 555; V .7 4 , p. 101 ,33 1 .)
W e s t c h e s t e r L i g h t i n g . —O r g a n i z a t i o n . -In co r p o r a te d on Nov.
6 , 1900, and absorbed various gas and electric-light com panies su p
plying territory in W estchester County north o f New Y ork City. See
V. 71, p. 1023, 1175. S tock (of which a con trollin g interest is ow ned
by the U nited Gas Im provem ent Co. o f Phila.), com m on, $10,100,000;
U n i t e d S h o e H I a c l i i n e r y C o , - Incorporated in Feb., 1899, in N. J. preferred, 5 per cent (cum ulative after Jan. 1. 1904), $2,500,000;
V. 68, p. 333, 430; V. 74, p. 430. Stock, com m on, $12,f>00,000; par, $25; par of shares, $100. Of the gen 50-year 5s, $5,550,000 are to be used
outstanding, $10,758,500, stockholders in A pril, 1901, having sub from tim e to time for additional extensions and new properties and
scribed to $1,829,350 new com m on at par; pref. cum ulative, 6 per cen t $460,000 to redeem an equal am ount o f underlying bonds outstand
$12,500,000; par, $25; outstanding, $9,936,425. Balance sheet Mar. ing, viz., $23,000 M unicipal Gas Co , $343,000 N. Y . Suburban Gas
1, 1902, V. 74, p. 935. U nderlying bonds, $250,000 International Gas Co. and $95,000 New R ochelle Gas A Fuei C .—see list, v . 7 1 , p.
G oodyear Shoe Machinery; m ortgage assumed, $60,000. In 1902, pu r 1175. Net earnings o f m erged com panies in 1899, $238,103. Presi
chased con trol o f 95 per cent o f the total eyelet output o f the U. S.— dent, Wm. W. Scriigham; Sec., B. W. Stilwell; Treas., Lew is Lillie.
D irectors, V . 71, p. 1175; V. 71, p. 1 17 5,1 2 24 .
V. 74, p. 892.
D i v i d e n d s .— F irst dividend, ^ per cent on preferred and 23 per cent
on com m on, paid A pril 15,1899. V. 68, p. 525. On com m on, J u ly,
1899f to July, 1902, inclusive, 8 p. c. yearly (2 Q-J). On preferred, July,
1899, to July, 1902. inclusive, at 6 p. c. per annum, payable quarterly.
R A IL R O A D COM PANIE S.
A nnual statem ent March, 1901, V. 72, p. 584; 1902, V. 75, p. 81.
Ln June, 1902, Win. A. Read, o f V erm ilye & Co. o f N ew Y ork , was
e lected a director. V. 74, p, 1312.
President, Sidney W. W inslow o f B oston; Treas and Gen. Man., Geo.
SUPPLEMENTARY.
W. B row n o f B oston, A lban y B l’dg., B oston, M a t s - ( V . 74, p. 430,
892, 9 3 5 , 1312; V. 75, p. 81.)
A r k a n s a s M i d l a n d H R . — Owns from H elena, A rk., to Claren’
don, 50 miles; P ine City to Brinkley, A rk., 24 miles. Capital stock,
U n i t e d S t a t e s C o a l Sc O i l C o .—Or g a n iza tio n .—Name was $1,490,700 (par $100.) D ividends p a id ; In 1895-6, 1 ’348 per ce n t;
changed from U nited States Oil Co. on June 2, 1902, and the Island in 1896-7, *74 p. c.; in 1897-8, 1-92 p. c.; in 1898-9 (?); in 1899-0,
Creek Coal Co. o f W est Va. absorbed, p er plan, V. 74, p. 1146. The 0-61 p. c. In 1901 entire stock was acquired by Mo. P ac (St. Louis
latter con trolled about 30,000 acres o f bitum inous coa l lands in Iron Mountain & So. Ry.) V. 74, p. 206, 574. Vear 1900-01, gross,
L ogan and M ingo counties, W est Va., and was building a 10-mile ra il $13z,72L; net, $57,678; interest and taxes. $16,785; dividends, $10,road
Stock (increased June, 1902, Pfrom $2,500,000), $6,250,000; 000. President, G eorge J. G ould.—(V. 72, p. 935.)
ou tstanding, $6,000,000; p a r $25. Dividend o f $1 (of which 50 cents
extra) per share paid A pril 1, July 1 and Oct. 1, 1899 ; 1900, Jan. 1,
C a l g a r y Sc E d m o n t o n R y . — Owns from Calgary, Canada, to
$1 25 (of which 50c. extra); Apr. 2, 50c.; Ju ly 2, 50 cts.; Oct. 1, 50 E dm onton, Can., 191 miles, and to Fort M cLeod, Can., 104 miles.
cts. The Jan., 1901, dividend was passed. V. 71, p. 1273. R e p o rtfo r Leased at cost o f operating July 1, 1896, fo r 5 years to Can. Pacific, V.
1900-01, V. 74, p. 92. A ctin g President, E dw ard R. A ndrew s; Sec’y 62, p. 1086. The Governm ent subsidy (of £ 16 ,00 0 per annum for 20
and Treas’r, F. W. Batchelder, 4 P. O. Square, Boston. N ew directors years) and total net earnings w ill be applicable to p aym ent o f in
J un e 1902, V. 74, p. 1200 —(V. 70, p. 3 2 7 ,5 9 2 ; V. 71, p. 817, 1273; V. terest, the balance o f any coupon to receive scrip—redeem able out of
72, p. 3 9 1 ; V. 73,|p. 856; V. 74, p. 9 2 , 1146, 1200; V. 75, p. 139.)
surplus earnings. On Jan., 1897, cou pon 1 p. c. was p a id ; on July,
*97, coupon, 1*4 p. 0.; Jan., "98, 1% p. c.; July, 2 p. c.; Jan., 1899, 2
U n i t e d S t a t e s C o t t o n D u c k C o r p o r a t i o n . —O r g a n iz a t io n . p. c.; July, 2 p. c.; J a n ., 1900, l l j p . c.; July, 2 p. c.; 1901, J a n .jl ^ p .c .;
—Incorporated in N ew Jersey on June 4, 1901, p er p lan in V . 72, p. July, 2 p. c.; 1902, (?) Land grant 1,888,448 acres, o f which 407,402
992, 1038, 1241, as a con solidation o f the M ount V ernon-W oodberry acres unsold held (Oct., 1901), b y Governm ent against subsidy. Stock
C otton D uck Co. (see list 14 m ills. V. 69, p. 129.) Stark Mills, (V. 72, $1,000,000. par $100. In 1899-0, gross, $319,501; net, $121,639.—
p. 940, etc , certain additional properties to be operated under option (V. 73, p. 31.)
o f purchase to Jan. 1 ,1 9 0 3 .—V. 72, p. 1140.
C e n t r a l R y . o f N e w B r u n s w i c k . —N orton Station (on Inter
8 t o c k .—Authorized, $15,000,000 each o f com m on and 6 per cen t colonial Ry.) N. B ., to Chipman, N. B., 46 miles, opened in 1888. In
cum u lative preferred, as reduced Feb., 1902. V. 74, p. 331. Present i8^7, southern division, H am pton to Q uaco, N . B., 30 m les, was sold
issues to be com m on. $10,000,000 and preferred, $ 1 6 , 10 0 ,000 , the to H am pton < St. M artin’ s R y. E xten sion was proposeid from Chipfc
latter including $8,000,000 p rovided under the plan fo r the exchange m an to N ewcastle coal fields, 15 m iles, and subsidy of $48,000 author
(optional with the holders) of Mt. V ernon-W oodberry 1st 5s and $5,- ized therefor. Stock, $ 00,000. all outstanding.
Bonds issued,
000,000 fo r $6,000,000 incom e 5s o f that com pany The Jan., 1902, $540,000 fifty-year couim n 6s ($1,000 each), due N ov. 1, 1937, int.,
int. on the Mt. Vernon-W oodberry incom es was passed. —V. 74, p. 385.
M. -N., payable in N ew Y ork, N. Y ., London, England, and St. John,
E a r n in g s .— Net profits fo r 6 mos. ending D ec. 3 1 ,1 9 0 ’ , o f com panies N. B.; Central Trust Co., N. Y ., Trustee. Year ending June 30, 1899,
ow n ed and controlled, *3 La,203; quick assets above current liabilities, gross, $8,573; def. under operating, $11,168. Pres , C. Ford Stevens,
$2,126,659, o f w hich $1,257,083 belongs to the M ount Vernon-W ood- Sec., W. J. Fow ler; Treas. and Gen. M gr., E. G. E ^ an s.-W . 63, p. 116
berry mills.
l n t e r o c e a n i c R a i l w a y o f M e x i c o , L i m i t e d . —V era Cruz to
The net profits o f the M ount V ernon-W oodberry Cotton D uck Co.
fo r the year ending D ec. 31, 1900, were $1,103,673; those of M exico City, M ex., 342 miles; Los Reyes to Puente de Ix tla , 123
m.; Los A rcos to T lacualpican, 72 m,; other, 18 miles; total, 555 miles.
new properties to be acquired w ere reported as $300,000 yearJy; divi
In N ov., 1901, the M exican Eastern R y., Lim ited was form ed, with
dend on $L6,100,000 preferred (am ount to be outstanding on retire
m ent of all the old bonds) calls fo r $966,000 yearly, leavin g over £ 10,000 share capital, to be ow ned b y xhe lnterocean ic. to pur
chase the narrow -gauge line from Sau M a r c > to Tczuitlan, 79
8
$400,000 available fo r the com m on stock, or 4 per cent.
Chairman o f Board, S. D avies W arfield; Pres’t, Trenor L. Park, miles, and build from Virreyes to Sau N icolas, 61 m iles, the w hole to
E quitable Building, B altim ore, Md. D irectors and officers, V. 74, p. be leased fo r 80 years fo r a rental sufficient to m eet the general ex
penses and interest on the debenture capital, o f which £40 0,0 0 0 to be
3 3 1 .—(V. 73, p. 964, 1318; V. 74, p 2L6, 331, 385.)
issued fo r the purchase aud exten sion o f ih e road, and in addition,
U n i t e d S t a t e s E n v e l o p e , —In corporated in 1898 under the laws after 1920. a fund tow ard the redem ption of the debenture stock. The
o f Maine.
A bsorbed ten com panies nam ed in V. 66, p. 1003, com pan y will have the right after June 1, 1914, to purchase the Mex
rodu cin g over 90 per cent o f the com m ercial envelopes in the United ican Eastern Ry. fo r a sum sufficient to redeem the debenture stock.
tates. Output 17,000,000 d a ily ; ca p a city ov e r 20,000,000 daily. V. 73, p. 1263.
Stock, $1,000,000 com ., issued $750,000; par, $L00; pref., $3,750,000;
O r g a n iz a t io n .— Chartered A pril 3 0 ,1 8 8 8 , b y the M exican Govern
par, $100. M ortgage bonds, $2,000,000. See V. 66, p. 1003; V. 67,
ment; concessions expire 1982, when State m ay x>urehase rights upon
p. 179. Debentures, $250,000, due $25,000 yearly. V. 74, p. 385, certain fixed terms. In 1896 reorganized per plan in V. 62, p. 364.
Dec., 1898, paid 2 p. c. on pref.; June, 1899 to Sept., 1901, incl., 7 p . o
S e c u r i t i e s .— The 4 per cen t debenture stock (issue limited to £ 1 ,per ann. (Q-M); 1902, March, 2*$ p. c. (semi-an.) V. 74, p. 271. B al
150,000) is a first charge on the entire undertaking, subject only to
ance sheet June 2 9 ,1 9 0 1 , V. 74. p. 678.
the £40 0,0 0 0 prior lien debentures, to retire which £45 0,0 0 0 of the
debenture 4s are reserved. ‘ A ” and “ B ” stock, see V. 62, p. 364. On
O f f i c e r s .— President, C. H. H utchins; Treas., R. W .D a y, Springfield,
Dec. 14, 1900, £ 1.300,000 o f 4 H per cen t 2d debenture stock
a
Mass.; Sec., Frederick H lm pton, Springfield, Mass.—(V. 74, p. 6 7 8.)
was au th orized ,of which £200,000 was issuable im m ediately, £950,00 1 to be reserved to redeem the “ A ” debenture stock, balance for
U n i t e d S t a t e s M o r t g a g e Sc T r u s t C o .— Chartered in 1871.
F orm erly Z7. S. Mortgage Co.; present nam e assumed Feb. 2 3 ,1 8 9 5 .
future requirements, and £15 0,0 0 0 fo r use after 1905. See circular, V.
7 1 , p. 1120, as to rights, etc. Dividends on “ A” stock; In 1896, 3 p.o.;
S t o c k .— Capital stock is $ 2,0 00 ,0 00 ; par, $100. Surplus, $2,750,000:
*
undivided protits Jan. 1, 1902, $300,798. D i v i d e n d s .—In 1894. 6 1897, 2ie p. c.; 1898, 3 p.o.; ?99, 5 1 p .c.; 1 9 0 0 ,7 p. c.; 19 1, 7 p. c. on
'B ” stock in 1900, 3 7-16 p. 0.
p .c.; ’95, 6 ; ’96, 6 ; ’ 97, 6 ; ’98, 6 *3 .; 9
n9f 9; 1900 |L0; 1 9 0 1 ,1 1 ; 1 9 0 2 ,1 3
E ar n in g s .—July 1 to June 30, 1901 (12 months) gross, $4,040,700,
B o n d s .— The series o f m ortgage trust bonds, $1,000,000 e a c h , a re
against $4,152,758 in 1899-0; 3 mos. ending fcept. 30, 1901, gross,
secured by deposit w ith trustee o f first m ortgages on im proved city
$784,900, against $798,970 in 1900.
r e a l estate “ in am ounts at least equal to the bonds outstanding.”
Year ended June 30:
Gross.
Net.
Net in £ .
See a pplication to list $5,000,000 bonds given in full in V. 67, p. 487.
1900-£1 .............. Mex.) $4,211,0-<6 (M ex.) $90 i,994
£100,983
O f f i c e r s .— President, George W. Y ou n g ; V ice-President Arthur
115,468
Turnbull; Treasurer, Clark W illiam*; Asst. Secretary, R ich ard M. 1 90 0........................ (Mex.) 4,166,679 (Mex.) 1,189,464
N etreveu u e accou n t fo r 1900-01 showed £51,639, leaving, after
H urd. —(V. 68, p. 829; V. 73, p. 681; V. 74, p. 430; V. 75. p. 81.)
distribution o f 7 p. c. to *‘ A” debenture stock, a balance of £162 to
V i r g i n i a & T e n n e s s e e C o a l Sc I r o n . —S u pp . o f Oct., 1897.
carry forw ard to cred it o f “ B” stock. Sec., C. E. Scruby: Treas. H.
(V. 72, p. 44; V. 73, p. 1112,
V i r g i n i a I r o n C o a l Sc C o k e C o .— O r g a n iza tio n .—Owns fur- Friederiehsen, 9 New B road St., London
nacen at Roanoke, Pulaski, Buena Vista, R adford, Graham, Max 1264; V. 74, p. 690.)
M eadows and Reed Island, Va.; Bristol, E m breeville and Johnson
L o u i s i a n a S o u t h e r n R y . —Operates from N ew Orleans to Belair
C ity, Tenn., and M iddlesborough, K y.; R adford Pipe W orks, R adford, and Shell Beach, 45 miles. A reorganization o f New Orleans & South
Va.'; Crescent H orseshoe W orks, M ax M eadows, Va.; steel works at ern, foreclosed O ctober 26, 1896. See V. 64, p. 83. In Jan., 1901, the
M iddlesborough, K y., and certain foundry and m achine works. A lso
United Ry. Trading Co. o f England acquired con trol, together with the
ow n s about 132,000 acres o f coa l lands, and ow ns and con trols about Kenilsworth Sugar Estates, Lim., about 10.000 acres. V. 72, p. 87.
209,000 acres iron ore and tim ber lands, together with all the bonds Stock, $300,000. all outstanding; par $100. Y ear 1899-00, gross, $69,and all the capital stock o f the Virginia & Southwestern R y, B ig Stone 785; net, $21,409; int. and ta x., $19,632; bal., sur., $1,776. -(V . 72, p. 87.)
G ap to Doe Mountain, via Bristol and E lizabethton, about 135 miles.—
M a c o n B u b l i n Sc S a v a n n a h R R . —Owns road com pleted from
V. 68, p. 675; V. 69, p. 388. In 1901 A rcher A. Phlegar o f Cliristianburg, Va., and H enry K. M cH arg o f New Y ork w ere appointed M acon to Dublin, 54 m ile s; projected to Savannah, 99 miles additional,
o f which 7 miles east from D ublin, together with branch from eastern
receivers. V. 72, p. 286, 679.
Stock authorized, $10,000,000, all com m on; outstanding, $8,970,000; term inus o f line to Vidalia, 33 m., com pleted in Jan., 1902; total, 94
par $100. Of the 5s o f 1899 about $500,000 unissued is reserved to m. Owned b y the 111. & Ga. Im provem ent Co. o f Chicago. V. 60, p.
retire an equal am ount o f Carter Coal & Iron bonds. Besides bonds 7 1 1 ,7 9 4 ,8 7 3 . In July, 1901, m ade a $1,500,000 m ortgage to the
as in table above, there is outstanding a $1,000,000 loan secured by Amer. T. & Sav. Bk. o f C hicago as trustee. V. 73, p. 184. Bills payable
$1,000,000 Virginia < Southwestern R y. 5 per cen t bonds as collateral. June 30, 1900, $22,963. In vear ending June 3 0,1 90 1 , gross, $79,046;
fc
net $7,723. Stock $1,250,000; par,$100.—(V. 60, p. 1058; V .7 3,p .l84 )
—V. 72, p. 286. N. Y. Offices, 80 B roadw ay—(V. 72, p. 286, 679.)
J u l y , 1902. J
MISCELLANEOUS
STOCKS
M a u i t o u Sc P i k e ’ s P e a k B y ,- M a n it o u , Col., to sum m it of
P ike’s Peak, 8-9 miles, standard gauge. O perated from A pril to No
vem ber, yearly. Stock, $500,000: par o f shares, $100. In Jan., 1902,
all coupons due had been paid. F or year ending N ov. 3 0 .1 9 0 0 , gross,
$69,571; net, $37,990; interest on bonds, $25,000. President, H. S.
Cable; V.-P. and Treas., Z. G. Simmons; Sec., J. B. Glasser. Office,
Manitou, CoL—(V. 71, p. 646.)
M a r i c o p a Sc P l i c e i l i x Sc S a l t R i v e r V a l l e y R B , - M aricopa
to Phoenix, A riz, 36 m iles ; Tem pe to Mesa, 7 miles; total, 43 miles. A
con solidation in D ec., 1895, o f the M aricopa & Phoenix R R . and
Phoenix Tem pe A Mesa Ry. Stock, $ i ,000,000; par, $100; o f which
Southern Pacific Co. ow ns $510,000. B onds o f 1895 have a sinking
fund o f $6,000 annually after 1900. V. 67, p. 1357. Y ear ending June
30, 1900, gross, $141,888; net, $54 228; int. on bonds, $36,200; taxes,
$5,082; bal., sur., $12,946. Pres., Sidney M. Smith; Sec. and Treas.,
F. I. Kendall, Crocker B uilding, San F ran cisco, Cal.—(V. 67, p. 1357.)
M e x i c a n R a i l w a y , L i m i t e d * — City o f M exico to Y era Cruz’
2 6 4 miles; Puebla branch, A pizaco to Puebla, 29 miles; P ach u ca branch*
O m etusco to P ach u ca, 28 miles; total, 321 miles.
O r g a n i z a t i o n . — In corp ora ted A ug. 2 0 ,1 8 6 4 , as Im perial M ex. R y.
D i v i d e n d s on
$ 1897.
1898. 1899.
1900. 1901,
1902.
ls t p r e f. (p. c.) c
2*4
3*8
33s
2516
M ay, ^
E a r n in g s —J an. 1 to Sept. 14, 1901, 8 ^ m onths (M exican currency)*
gross, $3,054,100; in 1900, $3,255,^00. F or year ending D ec. 31,
1901, gross, $4,402,298, against $4,439,135 in 1900; net above op er
ating expenses, $1,633,878; total net revenue, £164,287; deb. interest,
£120,000; div., 1S» p. c., £38.311.
Chairman, M arlborough R. Pryor; Sec’ y, John T. D enniston, London,
Eng. L ondon offices, 45 New B road St., E. C.—(V. 66, p. 1001.)
M e x i c a n S o u t h e r n R a i l w a y , L i m i t e d . —P uebla to O a x
aca, M ex., 228 m.; sidings, l l m . ; all narrow -gauge; branch, standard
gauge, 32 m ., Tehuacan to Esperanza; other, 3 m .; total, 262 m.
O r g a n iz a tio n .—Chartered in 1889. C oncessions com m uted b y p ay
m ent in 1892 b y M exican G overnm ent o f $8,000,000 6 p er cen t 50vea r silver M ex. G ovt, bonds. These bonds are subject to sinking
fun d of ^ per cent per annum, and exp ire June 8, 1990, w hen the
road passes to the State w ithout paym ent, e x cep t fo r stations, rollin g
stock, etc. In 1896 reorganized p er plan in V. 63, p. 229.
S e c u r it ie s .—P rin cipal o f 1st debenture stock is redeem able at 110
p er cent out o f sinking fun d from redem ption o f $8,000,000 M exican
silver bonds, deposited under trust deed. Interest on 2d debentures
is payable on ly out of profits on Feb. 1 and A ug. 1. On ordinary
shares 1 p. c. was paid fo r year endihg M arch 31. 1897; year 1897-8,
1*4 p. c.; 1 8 9 8 -9 ,1 ^ p. c.; 1899-0, 2 p. c.; 1900-1, 2% p. c.
E arn in gs .— Y ear ending M arch 3 1 ,1 9 0 1 , gross, £84 ,30 6 ; net, £ 3 4 ,229; total net incom e, inclu d in g interest ou $8,000,000 M ex. Govt,
subvention bonds, etc., £ 83 ,72 1 ; charges £ 51,183; renew al and con
tin gen cy fund, £5.000; div. ( 2 ^ p . e.), £25,000; bal., £ 2 ‘538. In l8 9 9 -0 .
gross, £64,662; net, £23,506. A p ril 1 to Sept. 14 in 1901, 5 ^ months
(Mex, cur.), gross, $404,463; in 1900, $401,267.
O f f i c e r s “ Chairman, G. E. Paget; Sec. Thom as Linton, 16 Finsbury
Circus, London, E. C.—(Y. 63, p. 229, 1 1 1 2 .)
M i n e r a l R a n g e R R . —H oughton, M ich., to Calumet, M ich., 34
miles; H an cock to end o f track, 27 miles; branches, 24 miles; South
R ange extension, K ew eenaw B ay to R iddlet Jun ction. 36 miles, opened
Dec. 2 4 .1 9 0 0 ; trackage, 26 miles; total, 127 miles, all standard gauge.
H i s t o r y , E t c .— R eorganized in 1891. On June 1, 1901, the H an cock
& Calumet R R . w as merged (Y. 73, p. 785). I d year 1895 paid d iv i
dends 3
p, c.; in 1896,7 p.c.; 1897, 7 p . c.; 1898, 3 ^ p. e.; none since to
Jam , 1902, In A pril, 1901, authorized stock w as increased to $800,*
000; outstanding, $743,400, par $100.
B onds .—Consols for $7,000 are reserved fo r $11,100 old bonds.
Of the $593,000 outstanding, $339,000 are 5s and $254,000 are 4s,
interest on the latter guaranteed b y Canadian Pacific.
In 1901
$1,000,000 general m ortgage 4s were issued, interest guaranteed
by Can. Pacific Bee V. 73, p. 556, 616; Y. 73, p. 785. Of tonnage
in 1901 73 p. c. was ores and m ining produ cts.
E arn in g s . - F o r 11 m ouths ending M ay 31, in clu d in g the form er
H an cock < Calumet in both year*::
fc
11 mott.
Gross
Net.
Other i n t . Charges.
B al.,sur.
1901-2 ___$584,269
$95,302
$881
$88,888
$7,295
1900-1....... 539,041
80,923
1,002
55,439
26,491
R e p o r t .— F or year ending June 30, 1901, including form er Haneook& Calumet fo r 1 m onth only, gross, $344,338 ; net, 42,921; inter
est, etc., $31,434; bal., surplus for year, $11,487. In calendar year 1900,
gross, $307,215 ; net, $78,453—Y. 73, p. 32, 616, 785.
M i n n e s o t a Sc N o r t h W l * e o n * f n R R . —Scanlon, Minn., n orth
east 38 miles to tim ber lands in 8 t. Louis C ounty; extension proposed
to Dni l 3tii < Iron R ange R R ., 12 miles. Stock authorized, $350,000
&
Bonds mature $30,QOo yearly on Jan. 1 to 1907, inclusive, and balance
on Jan. 1 ,19 08 , and are guaranteed, principal and interest, by the
Messrs. Brooks Brothers and M. J. Scanlon, and cov e r in addition to
road 2o,OOP acres o f lan d in Beltrami and H ubbard Counties, Minm;
the Minneapolis Loan < Trust Co,, o f Minneapolis, is m ortgage
fc
trustee. V. 74, p, 379. President, D. F. B rook s; Secretary, H. E.
OSpson; Treas., L. R. Brooks.
.H U w a n k e e B e n t o n H a r b o r Sc C o l u m b u s R y . —C om pleted
(Apr., *00), Benton H arbor to Buchanan. Mich., 27 miles, to extend to
Napanee, Ind., a total o f 83 miles. Capital stock, $600,000; par,
$100; outstanding A pr., 1900. $270,000. In July. 1902, all the bonds
owned by the stockholder**. Y ear ending Dec. 31, 1901, gross,
$30,334; in 1399, gross, f2 i,709; def under operating expenses, $1,839;
Int on bonds. $20,250. President, F red’k M. bteele, 100 W ashington
S t, Chicago, III.— (V. 71, p. 751.)
M in e H i l l Sc H c b u y l k l i l H a v e n R R . —From Schuylkill Haven
Ashland and Enterprise Jet., 42 miles; 2d track, 21 in.; total track,
136 miles. In 1897 rental reduced to 6 p. o. bn stock under n ew lease
fur 999 years from Jan. 1, 1897, to Phi la. A Read, Ky. Co. Dividends
/
paid ;*lock holders are 2% p. e. in Jan. and 3 p. c. in July, > p. 0, being
•
o
Deducted for taxes.—(V. 63, p. 1011.)
Milan a t i n e N o r t h A: .S ou th R R . —M uscatine, Iow a, to Elrlok.
on Iowa Centra.;, 28 miles, with which bn-- traffic contract. Stock.
$450,000; par, $100.
Yearn 1900-J. gross, $14,002; ru t. $7,4 85;
Charges. $23,381; bal., def., $1 0,396. Pres..W alter M. Gorham, Phlla.
n u s ik e g o n G r a n d U n id dM A: I n d i a n a H R * —Owns road,
Grand Rapids to M uskegon, Mich., 37 m ile s ; trackage, <>. it, «V Ind. at
.
Grand Rapid', 3 m ile s .
Road opened 1886, and leased to Grand
Rapids A. Indiana RR.. Which was foreclosed in 1896. Block, author
r
i*ad, $350,000; par, $ 1 0 0 ; issued, $1,000. Ooupon o f J a n , 1901, paid
in June, 1902. Earnings for year ending Dec. 3 1 , 1901, gross. $169,
o-i i; ro t, $57,304; interest on bonds, $87,500.—(V, 73, p. 1313; V'. 74
ft 1196.)
N a s h u a A L o w e l l H R . —O Wns double track road from Lowell
Mass., to Nashua, IN H .f 15 miles. On Oct. 1, 1880, leased for 99 year*
.
tOiBOfiton a Lowe])
in 1887 lease was transferred to Boston St Main*
Which pays a rental of $73,000 (9 per cent, on Stock).
S o fl o 1u A < e r o ll m i 1C 1C — (3 ft 6 In. gauge, —
Suffolk, V'a , to
Montrose, N. (
fn .Inly. 1902. tt w a • proposer! to Mandat'd-gauge the
•
rofjd and extend \ to Edehton, on A.tbenj&rla Hound, a total o f 75
r,
inllrM, with i branch toE lizabeih City. N, C\ Controlled by Maltlmore
capitalists. Hl(M k ainhori/.ed, $ "> ,000 , of which *400,000 was oil I
00
•standing; car or shares, $100. In July $500,000 bonds, m e under
written. 8 e e V , 75, p. 136. Y ear ending June 30, 1901, gross, $u 0 ,
AND
175
BONDS
945; net. $33,051; other incom e, $1,165; total deductions, $10,303;
dividends (1 p. c ), $4,000; bal., sur., $19,913. President, W m. H.
B osley, Baltim ore, Md.—(V. 75, p. 136.)
V e la s c o B r a z o s & N o r t h e r n R y . — Road from Chenango Jun c
tion to V elasco, T ex., 20 miles. Successor in July, 1901, to V elasco
Term inal Ry., foreclosed May 7 ,1 9 0 1 , and proposes to extend the road.
Stock authorized, $200,000. In 'F eb ., 1902. obtained authority to issue
$200,000 bonds. Y. 74, p. 207. F or year 1899-00, gross, $17,026; de
c e it under oper. e x p .,$27,579. Pres., I. H. Kem pner, G alveston, Tex.;
Sec.,D . B. H enderson.—(Y .7 2 ,p. 1239; V. 73, p. 111c; Y. 74, p. 207.)
W a b a s h C h e s t e r Sc W e s t e r n R R . —Chester, 111., to Mt. V e r
non, 111., 65 miles. Stock $ 1,2 50 ,0 00 ; par, $100. Coupons due July,
1894, paid July, 1896. F o r y ea r ending June 3 0 ,1 9 0 1 , gross, $97,059;
net, $26 ,30 1 ; interest, etc., $41,492; bal., def., fo r year, $15,191.
W a r r e n Sc C o r s i c a n a P a c i f i c R f , - W arren to C am p w ood ,T ex.,
20 miles; exten sion p rojected from W arren to Corsicana, about 150
m iles Stock, $100,000, par o f shares, $100. Iu N ov , 1901, applica
tion was made fo r authority to issue bonds at $15,000 per m ile Pres
ident, J. T Cam pbell o f H ouston, T ex.; Treas. and Gen Man., I. L.
C a m p b e ll; Secretarv, Y. W. M cNeil F or year ending June 3 0 ,1 9 0 1 ,
gross, $52,755; net, $ 1 4 ,3 9 5 .- (Y. 73, p. 1209.)
W a s h i n g t o n C o u n t y R R . —Owns W ashington Jun ction, on the
Maine Central R ailroad., n ortheasterly to Calais, Me., 103 m iles,
with branch to E astport, 15 miles, and Princeton, 19 miles, a total
length o f 137 m iles. Stock, com m on, $1,500,000. The preferred,
$500,000, 5 p. c. non-cum ., is all ow ned b y Wash. County. Y ear
ending June 30, 1901, gross, $226,590; net, $25,164; tota l d edu c
tions, $108,594; bal., def., $83,430. F rederick W. W hitredge, Pres.;
Frank E. Randall, Treas., 59 W all St., New Y o rk .—(V. 73, p. 186.)
W a s h i n g t o n Sc F r a n k l i n R y . — H agerstow n, Md., to Quinsonia*
Pa., 14*37 miles; was built in 1898 and extended from Quinsonia to
Zum bro, 5 miles. The line is leased to W estern Md. at 5 p. c. on cost.
Stock, $150,000, w as increased fo r im provem ents authorized in
A pr . 1901 estim ated to cost $78,750 In A u g., 1901, m ade a m ort
gage to the R eading Trust Co., as trustee, to secure $475,000 first
m ortgage 5 p er cen t gold b o n d s,co v e rin g the A 'ten w a ld cu t-off o f the
Western M aryland.—(V. 72, p. 676 ; V. 70, p. 478; V. 73, p. 392.)
INDEX TO
A D D IT IO N A L
Vol. Page.
A la . C on sol. C oa l & I r o n . . . . . . 74
A la b a m a & G e o r g ia I r o n . . , . . .6 9 P
A la b a m a S te e l & W i r e ........... 74
A m e r ic a n
B ra k e S h o e &
F o u n d r y .................
74
A m e r ic a n B r a s s ......... .................73
A m e r ic a n C a ra m e l.....................72
A m e r ic a n C e m e n t ................... 72
A m e r ic a n C o n fe c t io n e r y ....... 71
A m e r ic a n C e r e a l.........................74
A m er E le c . H e a t in g . .S u p . J u ly ,
A m e r ic a n G r a p h -o -p h o n e — 72
A m e r ic a n G rass T w in e ........... 75
A m e r. H a w a iia n S t e a m s h ip . .74
A m e rica n L im e & S t o n e .. . . . . . 7 3
A m e r ic a n L u m b e r ...................74
A m e r ic a n M a il S S ...................... 68
A m e rica n M a r k e t . .. . ................. 68
A m e r .M u t o s c o p e & B iog ra p h .7 0
A m e rica n R y . E q u ip m e n t . .68
A m e rica n R i c e . . . ......... ............70
A m e r ic a n S c h o o l F u r n it u r e ..72
A m e r ic a n S c r e w .................... .74
A m e r ic a n S p a rk lets ..................74
A m e r ic a n S w it c h ........................ 69
A m e r. W o o d w o r k in g M a c h ,.73
A m e s S h o v e l..........................
73
A rm o u r & C o................................. 74
.74
A tla s T a c k ........... ..............
A tla n tic T r a n s p o r t .................... 74
B a ltim o re B r ic k ........................... 72
B ird sb oro Ir o n & S t e e l............ 69
B o r a x C o n so l. L im it e d .............71
B o r d e n ’ s C on d e n se d M ilk
74
B o s to n E le ci r ic L i g h t ............... 72
B o s to n Q u ic k s ilv e r .....................70
B ritish C o lu m b ia P a ck . A s ’n.74
B ro o k ly n B o r o u g h G a s ........... 70
B ro o k ly n D e v e lo p m e n t ...........68
B rook ly n D ock & T e r m in a l.. .68
B ro o k ly n G a s A E le c. L ig h t . .73
t
B uffalo & S u sq u eh a n n a I r o n .75
B u tte E le c t r ic & P o w e r ........ 73
C anad a C y cle & M o t o r .............69
Canada F u r n itu r e ......... ............72
.................71
C a rter-G ru m e C o
C asein Co. o f A m e r ic a ..............78
C en tra l F ire w o rk s ___ _________74
C en tra l H u d s o n S t e a m b o a t. .71
C en tral O il............................
73
C h ica go P a ck . & P r o v is io n ___74
C in cin n a ti E d ison E le c t r ic ....74
C in cin n a ti G as & E le c t r ic ...7 4
C ity o f C h ic. B rew . & M a lt _ 74
_
Cleveland & Sandusky Brew..75
Columbian Elec.Car L.&B ke.70
Col nm bus (O.) Ed Ison_____ 74
OrnputJrig Scale o f Arnerica.73
Consol. Telephone o f Penn.. .73
Continental Cotton Oil.......... 70
Contra Costa W dta r C o.......... 72
Cramp 8t6$i
74
Cuban Steel Ore........................73
Diamond State S 'o e l.......
74
Danville Bessemer C o........... 72
Denver Union Depot.............. 09
28astern Milling & E xport__ 74
EFMtnmn Kudnk
., 74
Edison Elec. Ilium, of Boston.74
Electric Corporation
........ 70
Electrical Lead R edu ction ,..72
Electro Gas............................... 01
Electro Pneumatic Transit. ,74
KuTmore Coal
. ............. 74
Federal Sugar It00fling......... 78
Federal Telephone..
......7 1
Flemingtnn Conj A-Coke....... 74
Forward I t e d u o M o n . , . , 78
Fowler Brow.. Llm
........ 76
Ceneml Carriage............... .,76
' but 1 * » Ihui'Tii. Strap* Br’W.74
1 i•
(4real, Nori hern Pap r ........... 74
f2rent WeMern Cereal
... .711
mn* y (J vi. i Petroleum ... .75
Hammond (G. If.) Co. .
71
Maf bison - WaUcer HefraeEs. 74
Harper A Bros......... ...,..,...7 3
1 oti flfOn H |
1
|
.,..7 a
Hudson River Telephone ,..,'74
Hudson River W ater Power 75
fllleoJft Tnlep. A Telng . . . . . . ?'3
International Car W heel...... 74
Inlernai.1offal Crude nubher,74
Intern. Emory .V Corundum..71
International Fire E ngine...71.
Int or Hmoke. Powder A Dvna.?4
I ntor H ate Tqluplr. of N. J . ,73
»
4t*r«iey Cl ft Water Hupplv .,74
Kanawha Afloek/Joaf « ( ’oko,74
1091
90?
381
831
901
676
672
1^14
774
1898
534
3J
479
617
96
1223
1178
431
874
585
1079
1*0*
885
1303
1358
393
1198
579
886
282
908
965
579
1282
635
1306
586
870
9?6
618
79
139
643
481
1117
186
939
238
186
032
729
1092
154
79
178
136?
1013
1013
688
1088
1254
36
1306
991
494
27V
1800
1810
684
583
1107
1092
481
82
1199
729
187
79
}i.i
726
1811
35
137
1811
1B6H
1010
137
i29
137
891
271
98
1015
Hit
Clot*
1.87
780
4.81
C O M P A N IE S .
YoZ. Page.
K ansas City S to c k Y a r d s ....... 73
K e rn In eatid e s c e n t G as L . ...7 0
K irb y L u m b e r . . . , ................. ...7 5
K n ick e rb o ck e r (In d .) T e ie p .
& T . o f N . Y ...............
71
L a ck a w a n n a S t e e l............... — 74
L a n sto n M o n o ty p e M a c h in e .75
L in c o ln G as & E l e c t r i c _____ 78
M a gn u s M e t a l ., , . . . . . . . . . . . . . . . 7 1
M a n h a tta n O il..............................72
M a n h a tta n T y p e w r it e r ..........72
M a n u fa c tu r e d R u b b e r ............. 74
M a n vtile C o .............i0 3 7
M as sill o n C oal M in in g . . . . ___ 73
M ich ig a n T e le p h o n e .. . . . . . . . . 7 5
M ilw a u k e e & C h ica g o B r e w ..74
M is s o u ri E d . E le c . C o .o f S t.L .7 3
M o n o n g a h e la L ig h t & P o w e r .73
M on trea l L n H e a t & P o w e r . . 74
M o s le r S a fe C o . o f B o s to n ___ 70
N a tio n a l Cash R e g is t e r ....... *..70
N a tio n a l F ire p ro o fin g .......... 74
1163
534
138
N a tio n a l G r a m o p h o n e ............... 73
N at. R o o fin g & C o rru g a tin g ..7 1
N a tio n a l S u ga r R e fin in g ____ .72
N a tio n a l T y p e w r it e r .................. 68
N a tio n a l W it c h H a z e l ...............72
N ew E n g la n d B rick ................. 78
N e w H a v e n I r o n & S te e l........ 74
N e w J e r s e y Z i n c ............. ..........74
N ew O rle a n s B r e w in g C o . .... .73
N ew O rlean s G as L ig h t............. 72
N ew O rleans L ig h t in g ................ 74
N ew Y o rk A u t o - T r u c k ...............69
N . Y . & O n ta rio L a n d . .SU P J a n .,
N, Y . & P en n . T e n & T e l ........... 71
N ew Y o r k S h ip b u ild in g ... . . . . 7 1
N e w Y o r k S teel & W i r e .............72
N ew Y o rk S u b u rb a n W a t e r ..74
N orth . A la . C oal, Iron & R y . .72
N o v a S c o tia S teri & C oal
74
0 c e a n ic Steam s h ip ................. 72
O gden G as Co. o f C h ica go. . 74
P e n n s y lv a n ia F u r n a c e .............75
P e n n a . S u g a r R e fin in g .............69
P itts b u r g B r e w in g ......... .......... 75
P it ts du rg P la te G la s s ......... ...7 4
P itts b u rg S t o v e < R a n g e ....... 74
fe
P itts. V a lv e & Conger
........ 71
P u re O il...........................................72
Q u a k e r O ats .
74
618
345
483
872
725
960
580
99
35
0 ?s
991
1196
1900
1123
657
630
99
242
632
393
165
80
81
80
726
730
1015
87 h
634
<
N ation al Fis h....................... ... 7 J
Railroad Equipment
545
1142
133
85
238
186
440
1142
141
138
99
794
1163
1255
840
1161
4v9
680
......... 78
36
R a ilw a y A u to m a t ic S a le s ___ 75
R e e ce B u tt o n h o le M a c h in e ..74
33
888
St. Joseph Stock Y ards........... 73
St. I iOu i s C o n so l. Ele va t o r ___ 69
St. Louis Nat. Stock Yards., 74
S t.L .T e r m .C u p . St t. & P rop .7 2
S c h o e n h o fe n ( P e t e r >B re w .C o .71
Scott-Junney Electric C o ___ .09
He aeon, hi, Packing.,, .......... .72
Sharon Steel
........ ......... .74
Shillito (John) Co o f Oincin .09
Spi ague Electric..................... .74
Standard Chain....................... .72
Standard Shoe M achin ery... 73
Standard Typnvvrli or............. .72
Standard Ondergr und Gable),74
Stetson (John B.) Co
....... .75
Storage Pow er ....................... .76
St.rooCaWost Stable Car Linoi.74
Street Ry A Ilium P r o p ...... ,07
t
Sunday Creek Coal c o . o f Col.06
Susquehanna Iron & Si «*cl. ,75
Tacoma l»and A IniprovoinT .71
t
Teloph. Tolegr. ft. C able....... .72
Ten nessee ( ’upper........
..74
Torrlngton <k ) . ...........
.... .73
.73
Tidpler Liquid A h ......... .
I .Bilon Brick Co. o f New Eng .70
Hn Ion Steel. .. . ...................... .73
Onion Steel A C h a in .. . . . . . . . .72
t
0. S. Bfjbhln A Shut tie.... . .74
( nlted Staton I tnlnhing. . . . , . .72
*
Hull ed Hta 1 <h <Hasr ................
.7 4
1 nlted SintoH f JypMuin,
O. S. Pfimim. H rH'M Collar... .73
i
Oniiod H at es P r im in g .. . ,, . ,.74
i
tJ H Uedootlon A Heflnlng..74
.
t
74
Onlviosal Tohacoo
Utah Fuel ............................... ..72
WalhlTtiril W ir e ......... .
Whit<)breasifc Fuel ................,09
W hite Mountain P a p er.. . . . . .73
Yakima Inventrner 1
.70
Youugfflown Iron Sheet A
74
T u b e .......................
856
767
1096
103 >
.
239
854
148
32uO
229
HI 3
680
1.208
444
1256
38
81
782
1056
8U
HI
070
02
mu
1200
■148
80
1208
J184
1005
1286
394
1188
34
684
882
1140
779
195
1252
1007
688
4H4
176
BANKS, TRUST COMPANIES, INSURANCE COMPANIES, &C.
NEW Y O R K A N D BR O O K LYN BANKS.
Ca p i t a l .
C o m p a n ie s
(* State banks.)
&
D iv id e n d s .
d
t Period 1900 1901 Latest.
Par Amount.
%
N ew Y o rk
O J. & J 14
15 J u ly ’ 02. 9
America*.. 100 1.500.000
0 M. & N
3 M a y ’02. 4
7
Am. E xch . 100 5.000. 000
A ug.’02. 5
0 Q.—F. ....... ....
A s t o r ....... 100 350.000
O J. & J 17
12 J u ly ’ 02. 3
Bowery* .. 100 250.000
O J. & J 12
12 J u ly ’02. 6
B ro a d w a y . 25 1.000. 000
O J. & J
3 None J an. ’00. 3
B utch’s’ &Dr 25 300.000
100 1, 000,000
OJ. & J
8
Central
8 J u ly ’02. 4
0 Org. A j r .’01 V. 7S , p. 755.
Century *.. 100 100.000
OJ. & J 12
12 J u ly ’02. 6
Chase........ 100 1,000,000
25 450.000
0 Q .-J .
16
16 J u ly ’02. 4
Chatham .
0 Bi-m’ly 150 150 J u ly ’02.25
Chem ical... 100 300.000
O J. & J
25 1.550.000
Citizens’ . . .
7
6 \ J u ly ’02. 3
100 010.000. 000
0 M. < N
fc
6
6 M a y ’02. 3
City
0 ............. None None D ec. ’ 97. 5
Colonial* .. 100 100.000
O J. & J
C olum bia*. 100 300.000
8
8 J u ly ’02. 4
O J. & J 18
8 J u ly ’02. 4
C om m erce. 100 10000000
0 Org. Jul y,190 2; Y. 75, p. 9.
1.000. 000
Cons’lidated
0 F. & A 12
12 A u g.'02. 6
C om E xch 100 61400000
0 J. & J
East River. 25 250.000
8
8 J u iy ’ 02. 4
J. & J.
25 100.000
8
8 J a n .’02. 4
11th W ard
(«
8 Y. 73, p. 116, 590, 816.
Em p. State*, 100 100,000
Org. Ma 7,190 2; Y 74, p. 1119.
E q u ita b le.. 100 300.000
0 See Y. 71, p. 735, 1147.
Fidelity*.. 100 200.000
OJ. & J. 12
12 J u ly ’02. 6
F ifth ......... 100 200,000
0 Q .- J . 100 100 J u ly ’02.25
Fifth Ave* 100 100,000
0 Q .- J . 100 100 J u l y ’02. 5
100 10,000,000
First ........
100 3.000. 000
OJ. & J.
7
7 J u ly ’02. 3*a
Fou rth ---0 M. & N.
6
6 May ’02. 3
14th Street 100 100,000
50 1.000. 000
0 A. & O. 12
12 A p r .'02. 6
Gallatin
0 F. & A. None None F e b .’96. 2*3
Gansevoorfr 50 200,000
0 Q.—M. 50
100 1, 000,000
12 J ’ ne ’02. 3
Garfield.
0 F. & A.
6
Germ’nAm. 75 750.000
6 A ug.’02. 3
6 J u ly ’02. 7
0 J. < J. 18
fc
Germ’n Ex. 100 200.000
0 M. & N. 16
18 M ay ’02.10
Germania*. 100 200,000
0 M. & N.
6
6 M a y ’02. 3
Greenwich* 25 200,000
OJ. & J.
6
6 J u ly ’02. 3
Hamilton* 100 200,000
OJ. & J 10
10 J u ly ’02. 5
H a n over.. 100 3.000. 000
OJ. & J. 20
20 J u ly ’ 02.10
lm p.& Trad 100 1.500.000
50 c500,000
J. & J.
8
Irvin g .. .
8 J u ly ’02. 4
100 200,000
Jefferson
3 Org. Ma r. ’01. Y. 72 ,p . 367, 753.
OJ. & J. 10
10 J u ly ’02. 5
Leather Mfr. 100 600,000
0 Q .- J .
J u ly ’02, 5
100 500.000
L iberty —
18
L incoln — 100 300.000
J Q .- F .
18 M a y '02. 3
50 2.050.000
0 F. & A. 10
10 F e b .’02. 5
M anhattan
) J. & J. 10
10 J u ly ’02. 5
Mkt & Fult 100 900.000
25 2.000. 000
OJ. & J.
8
8 J u ly ’02. 4
Mechanics
) J . & J. None None J u ly ’ 02. 3
Mech. & Tr * 25 r 400,000
OJ. & J.
6
6 J u ly ’02. 4
M ercan tile. 100 1, 000,000
50 2 , 000,000
OJ. & J.
7
7 J u ly ’02. 3*s
M erchants’
50 600.000
) J . & J.
Merch. E x .
6
6 J u ly ’02. 3
) J. & D. 12
Metropolis* 100 5300,000
12 J’ne ’02. 6
OJ. & J. None None Ju ly,’94. 3
Mt. Morris* 100 250.000
) ...........
Mutual* . . . 100 200.000
See V.74,p.706
8
50 500.000
Nassau* . . .
) M. & N.
8 May ’02. 4
N. A m st’m .c 100 c500,000
10 100 J u ly ’ 02, 8
> Q .- J .
New Y ork . 100 2, 000,000
10 J u ly ’02. 5
) J . & J. 10
N. Y . County 100 200.000
) J. < J. 50
fc
150 J u ly ’02.25
N. Y. N. E x 100 500.000
> Q .- F . None None A u g.’02. 2
Nine’th W’d 100 200.000
) J . & J. None None J a n .’ 97. 3
2,000000
N. America^ 100 £
)J . & J.
6
7 J u ly ’02. 4
N o rth ern .. 100 300.000
Org. in Apr. ’ 02, V. 74, p. 1065.
25 300.000
O rien tal*..
10 J u ly ’ 02. 5
J. < J. 10
fc
50 422,700
Pacific* . . .
Q .- F .
8
8 A u g .’02. 2
P a r k ........... 100 2,000,000
)J . & J. 12
13 *s J u ly ’ 02. 7hi
25 200.000
People’ s* ..
J. & J. 10
10 J u ly ’ 02. 5
P h e n ix ___
20 1,000,000
i J. & J.
6 None J u ly ’oO. 3
.............
P la z a * ....... 100 100,000
V. 67, p. 275
Prod. Exch. 100 1,000,000
A. & O.
6
6 A p r .’02. 3 ^
Riverside*. 100 100,000
8
8 J u ly ’02. 2
Q .- J .
S ea b oa rd .. 100 500.000
>J. & J.
6 J u ly ’02. 3
6
S econd....... 100 300.000
J. & J. 12
12 J u ly ’02. 6
Seventh g. 100 1,7< 0,000
>J. & J.
6 ^ None J a n .’01. 3 ^
Shoe & L’thr 100 1 , 0 0 0 , 0 0 0
4
4 July ’02. 1
Q .- J .
J. & J. 10
State*
100 100.000
18 July ’02.10
M. & N.
St’teof N.Y*£ 100 £120,000
6
6 N ov ’01. 3
J. & J.
3 None July *02. 3
Fwe’f.W ard 100 200,000
F. & A.
23d Ward* 100 100,000
5
5 A u g.’02. 2*2
J. < DJ 6
fc
6 Jn’e ’02, 3
[Jnion Sq.*6. 100 200,000
U nited
I
100 1 , 0 0 0 , 0 0 0
Began b usine 88 NO V. *01, I
_______ 1_____
Un. States.jy 100 500.000
Varick *___ 100 100.000
B eganb usine ss Ja n. 2, ’01.
Y .71, p. 215.
Washingt’n 100 100,000
Wash. H ’ts. 100 100,000 100.700 Began b usine ss Se pt ’ 01, a
None None Jan. ’94. 3
Western . . . 100 2 .100.000 2,874,700
West Side*.. 100 200,000 472.000 J. & J. 12
12 J u ly ’02. 6
Y orkville
100 100,000 252.000
See V.74,p.658
B r o o k ly n
B edford * ... 100 150.000 133.700 M. & N.
8
12 M a y’ 02. 4
B orou gh * .. 100 100.000
25,344 Org. in A pr., L902; V. 74, p .8 6 3 .
B roadw ay*. 100 100,000 199.300 J. & J. iO
10 J u ly ’02. 5
B rooklyn *.. 50 300.000 170.300 J. & J.
J u ly ’02. 3 ^
7
7
J u ly ’02. 7
C it y ............. 50 300.000 585.000 J. & J
14
14
17.700
8th W ard*.. 100 n l0 0 ,0 0 0
80,900 J. & D.
5th Avenue* 100 100.000
9
i ’ ne ’ 02. 3
5*s
F irst............ 100 300.000 536,200 Q .- J .
12
J u ly’02. 4
16
(m)
J. & J.
Kings Co*m 100 150.000
Jan .’02,
5
5
M anufac’rs’ 30 252.000 480,100 J. & J. 10
10
J’n e ’02. 6
&
M echanics’ * 50 500.000 352,900 J. < M. 10
M ay’02. 5
10
___ Estab. 1895.
33.700
M erchants’ . 100 100.000
Nassau........ 100 300.000 627,600 j . & j . 12
16
Ju ly’02. 8
July’02. 3
North Side.* 100 100.000
J. & J,
6
7 e
M.
N.
Peoples’ * ... 50 100,000
8
8 IMay ’02. 4
F. & A. None None ± u g .’02. 3
17th Ward* 100 100,000
l
S p ra gu e. . . 100 200,000
J. & J.
6
6 ,July’02. 3
26th Ward.* 100 100,000
J. & J.
6
7 * s . ruly ’02. 3
Union*??!. .. 100 200,000
j . & j.|;None
7 ^ .ruly ’02. 2*s
W allabout* JlOO 100,000
J. & J.l 5
5 lFuly’02. 2is
t AprilJiO, 1^02, tor National, and June 1 > 1902, for State banks. IIV. 73, p 6w0,
<,
818, 937. a V .73, p. 422. b In May. 1902, Eleventh Ward and June, 19<>2, Union
Square banks merged with < orn Exchange Bank, and capital o f latter to he in
creased to $2,OUO,Ou . See V. 'i4 p. 80S, 862, 965, 1016, 1171, 1231; V. 75, p. 9; V.
73, p. 1387,1291, lOny c In March, 1902, voted to increase capital to $l,o00,000.
e Changed from a State to a Nariona* institution in April, 1 > l. V.72, p. 653. V.
9
73, p. 13. In March. 190 i, voted to increase capital to $600,000. V. 74, p. 508,
558, 807,10i6. g Seventh Naiional Bank closed in June, 19ul. Reorganized and
resumed business under old name in Nov., 1901. V. 72, p. 1262; V, 73, p. 13, 63,
161, 613, 816, 878, 936, 1041, 1090.
7 Bank o f the State o f New York consoli
dated in Jan., 1904, with Nat. Bank o f North America and liquidated. V. 74,
p. 128,917. Also in Jan.. 1902. voted to increase capital from fU.OoO.OOO to
$2,000,000, and surolus to $2,i0o,0i)0. V. 74, p. 182. m Kings County Bank and
Union Bank consolidated in April, 1902, under name o f Union Bank, and capi
tal Increased to $200,000 and surplus to $150,000. Y . 74, p. 465, 60S, 558, 706.
n Capital t<» be tncreaned to $150,000. See Y. 74, p 808.
o In June, 1902, increased ihe capital to $25,000,0 K and surplus to $15,000,000.
>
Y . 71, p. 861, 10 6, 174; V. 75, p. 8.
v In June, 1902, name changed from Hide
& Leather National Bank to the National Bank o f the United States in New
York. Y. 74, p. 1171; V. ?-*, p. 9. * Capital to be increased to $7<‘r,u0i>. V. 71, p.
•
917. s Capital to be increased f o $l,ou0,U00. Y. 74, p. 1282. t Reduced in May.
1902, from $l,200,0u0 V. 7 s p. 807, 917.
[V ol . LXXV,
NEW Y O R K A N D BR O O K LYN TRUST COMPANIES.
( F o r d e t a ile d s ta t e m e n ts se e C h r o n i c l e o f J u l y 2 6 ,1 9 0 2 .)
Surplus & D iv id e n d s p a id in ’ 00 an d ’ 0 1 ,
U ndiv’ed
and a lso la s t d ivid en d .
Co m p a n ie s .
Profits
Par Am ount.
Period. ’00. ’01. Last Paid. %
Ca p it a l .
A tla n tic.......... 100 1.500.000
B ow lin g Gr’n. 100 2.500.000
B ro a d w a y ___ 100 700.000
Cent. R.B.& T. 100 1 , 000,000
C e n tra l........... 100 1 , 0 0 0 , 0 0 0
C ity................. 1 0 0 ,1 , 000,000
C o lo n ia l......... 100 1, 000,000
Continental.... 100 1,000,000
E astern ......... 100 1, 000,000
E q u it a b le ___ 100 1, 000,000
Farm. L. & Tr. 25 1 , 000,000
Fifth A venue.. 100 alOOOOOO 7,206,308
Guar.Tr.,N.Y . 100 2 , 000,000 5,100,821
K nickerbock’r 100 1 , 000,000 1,686,749
L in coln ......... 100 500.000 500.000
M anhattan ... 30 1 , 000,000 1,919.115
M cV icar R ’lty
500.000
5,396
M ercantile___ 100 2, 000,000 5,327,957
M erchants___ 100 500.000 1,374,716
M etrop olitan . 100 1, 000,000 2.158,945
M orton ............ 100 2, 000,000 5,373.061
M ut Alliance. 100 500.000 500.000
N Y . Lf. I.&Tr. 100 1 , 000,000 4,134,659
N. Y. Sec. & Tr. 100 1 , 000,000 3,572,982
No. A m erican . 100 2, 000,000 2,800,000
Real E state... 100 500.000 592,002
Standard ....... 100 1 , 000,000 713.970
Title G u.& Tr.. 100 2.500.000 3,787,527
Tr. Co. o f A m . 100 2.500.000 3,034,050
Tr Co. o f Rep. 100 1, 000,000 623,149
U n io n ............. 100 1, 000,000 7,157,532
U.S.Mort.&Tr. 100 2 , 000,000 3,341,045
United States. 100 2 , 0 0 0 ,0 0 0 12094960
Van N ord en .. 100 1, 000,000 1 ,0 2 1 ,2 4 2
W ashington. . 100 500.000 853,864
B r o o k ly n .
B ro o k ly n .......
F latbu sh ........
F ran k lin ........
H am ilton ___
Kings County.
L on gL L .& T r..
Man’rs’,Bklyn
Nassau............
P eople’ s..........
W illi am sburg
Q.—J. In'ne 6 June,’02. 2
V.69.p. !624. 127 7. J u ly ,’99.35
B eg.bu s.M ’ y ’02 V. 74, p.757,965
J. & J.
July, 02, 6.
Q .- J . 60 60 J u ly ,’02.15
F. & A ...... • - A u g.,’0 2. 4
J. & J. 10
10 J u ly ,’0 2. 5
Q —M. 6
7is J u n e ,’02. l i s
Beg.bu s.Ju l y ’ o 2. Y .7 5 ,p .9 ,1 2
V. 74, p .117 4; V . 75, p. 114.
Q .- F . 30 35 A u g .,’02.1 0
Q.—M.
20 June,’0 2. 3
Q —M. 18 16 J un e,’02 4
J. & J 7
7 J u ly ,’02. 3is
Org. M a r ’O 2 Y. 75, p. 114.
J. < J 6
fc
6 J u ly ,’ 02. 3
Q.—J.
See V.
J. & J.
Q .-M .
Beg. bu
J. & D.
Q .- F .
J. & J.
J. & D.
J & D.
Q .- J .
J. & J.
Beg bu
Q .- J .
See Mi
J. & J.
B eg.b u
Q .- J .
100 1 , 000,000 1,847,222 Q .- J .
200,000 131,178 J. & J.
100 1, 000,000 1,368,698 Q .- J .
100 500.000 873,932 Q .- F .
100 500.000 1,166,210 Q .- F .
100 000,000 1,357,609 Q .- J .
100 500.000 950,879 Q .-M .
100 500,000! 442,141 F. & A.
100 1, 000,000 1,490,019 M’thly.
IO q I 700.000 502,105 J. & J
100
19 25 Jun e,*02.l6
69, p. 1 131, 1227.
10 10 J u ly ,’02. 5
. . .. . . . . . June,’ 02. 5
S.J’ l y,’02 V.74,p.917,1336
40 40 June,’02.2 0
20 20 A u g .,’0 2 . 8
2 ^ 7 June,’ 0 2. 313
8
8 J u ly ,’0 2. 5
. . . . 3 June,’0 2. 3
10 12 June,’0 2. 3
3 is 7 J u ly ,’ 02. 315
s. A p r .l ’02. Y. 74, p.657
32 32 J u ly ,’0 2 .1 0
seel lane ous Cos.
45 50 Julv. ’02.2 5
s. M ar.’O 2. v . 7 4 ,p .757
10 10 July, 02. 3
16
16
10
8
10
10
10
6
13is
11
8
10
10
14
6
12
6
a C apital in cre a s e d in D e c., 1901, f r o m $500,000 t o $1,000,000.
1od7.
J ’n e ,’0 2.
J u ly ,’0 2.
J u lv ,’02.
Aug.,’0 2.
A ug.,’0 2.
J u ly ,’02.
June,’0 2.
A u g.,’ 02
J u ly ,’02.
J u ly ,’02.
4
2is
3
2
2is
2is
2
3
1
4
Y . 73 p. 11S8,
NEW Y O R K A N D B R O O K L Y N F IR E INSURANCE COMPANIES.
Ca p it a l .
Com pan ie s .
Par.
Net surp.,
D iv id e n d s .
Dec. 31,
Am ount. 1901.* 1899. 1900. 1901. Last Paid. %
Com’n w ’l t h .
ContinentalEmpire City.
German Am.
G er.A lliance
G erm an ia...
G reen w ich ..
H am ilton . . .
H a n o v e r___
H o m e ..........
K ings C o ___
Nassau.........
N ew Y o r k ...
N iagara.......
North R iver.
P a cific.........
Peter Cooper
P h en ix.........
S tu y v e sa n t.
Unit’d States
W estchest’r .
W ’msb. City
100 500,000 301,087
6
6
6 J u lv .’02. 3
100 1,000,000 4,901,328 25
25
25 J u lv .’02.121s
100 200,000
27,203
6
6 None J u ly .’02. 3
100 1,000,000 4,493,136 30
30
30 J u lv .’02.15
100 400,000 406,970
6 J u ly ,’02. 3
50 1,000,000 2,484,448 15
15
15 J u ly ,’ o2. 8
25 200,000 135,656 10
10
10 J u ly ,’02. 5
15 150,000
37,117
6
6
6 J u ly ,’02. 3
50 1,000,000 564,804 10
10
8 J u ly ,’02. 4
100 3,000,000 5,906,343 10
10
13 J u ly ,’02. 7
20 200,000
87,020
5
5
5 D e c ..’0L. 5
50 200,000 243,164 10
10
10 J u ly ,’02. 5
100 200,000
56,218
6
6
6 A u g.,’02. 3
50 500,000 962,567 10
10
10 J u ly ,’02. 7
25 350,000 200,216
8
8
8 A p r .,’02. 4
25] 200,000
88,774 10
10
5 Jan., ’01. 5
20 150,000
97,582 10
10
10 J u ly ,’02. 5
50 1,000,000 1,778,750 10
10
10 F e b .,’02. 5
25 200,000
12,522
6
6
3 J a n .,’02. 3
25 250,000 115,882
8
8
7 J u ly ,’02. 2
10 300,000 1,186,812 16
16
16 A ug.,’02. 8
501 250,000 1,187,933 24
24
24 J u ly ,’02.12
rOver all liabilities, including re-insurance, oapital and scrip.
GAS COMPANIES.—SEE ALSO M ISCELLANEOUS.
Co m p a n ie s .
Par.
Bingh. (N. Y .) G. W .. $100
J
lsc M. 5s, g ............ 1,000
3ol’m b’s(0 .)G .L &H. 100
<
( P ref., non ou m ___ 100
3on. Gas (N. J.) S tk .. 100
Con. M., g o ld ___o* 1,000
L. Br. L ’g 1st M.6s. 1,000
50
Jndianapolis G as___
1st m ortga ge......... 1,000
50
Jrack. (Mich.) Gas Stk
1st M. 5s, g ............ 1,000
*rladison (Wis.)G&EJ 100
1st M. 6s, g ........... 1,000
Deb., scrip ,g.,6 p o. 25 &c
dinneap. G. L., Stk.
50
1
1st con. g o l d ......... 1,000
Jdun’l Gas (Alb, N. Y) 100
_
x 1st m ortgage, g _ 1,000
' lew Orleans G .L .t.. 100
1st m ortgage......... 1,000
R och ’st’r G .& E l.com 100
Preferred................ 100
1st cons, m ort....... 1,000
2d m o rt................... 1,000
Im pt. M., 4 ^ p. o. 1,000
100
St. Jos. (M o.)Gas Stk
1st Mort. 5s, g ....... 1,000
St. P. (Minn.)G.L.Stk. 100
1st M., cu rren cy... 1,000
Consol. M ...............
Gen. m ort. gold _ 1,000
_
Wash’n (D. C.) G. L..
20
Reg., 6, Series A , g Yar’ s
Reg., 6, Series B, g Var’s
Securities
afloat.
Period.
Dividends and Interest.
’ 00. ’ 01.
*Date.
%
$450,000 J. & J. 2
2 July 2 0 ,’0 1 ,1
528,000 A. & O. 5
5 Apr. 1, 1938
1,699,325
4is 6 Mar. 1 5 ,’02,4
3,242,800 J. & D. 6
6 J ’ne 16, ’0 2 ,3
1,000,000
971,000 J. & J. 5
5
Jan. 1,1936
15,000 J. & J. 6
6 Jan. 15,1914
2,000,000 Q .- J .
6
(?)
(?)
fe
2,750,000 M. < N. 6
6
1920
2
250,000 J. & J.
6 July, ’02, 2
310,000 A. & O. 5
5 Mar. 1, 1937
400,000 J. & J. 5
5 July20’02,2is
350,000 A. & 0 . 6
6 Apr. 1, 1926
100,000 A&O 10 6
6 V. 71, p. 392.
800,000 J. & J. 8
8 J uly 1 ,’02,4
fc
1910-1930
2,900,000 M. < S. 6
6
2,000,000 Q .- F . LO 10 Aug. l,'0 2 ,2 i«
500,000 J. & J. 6
6 July 1, 1906
3,750,000 J. & J. 5
5is July, ’02, 3
76,000 J. & J. 5
Various.
5
2.150.000 A. < O. 3
fc
6 Apr. 1 5 ,’02, 3
2.150.000 F. & A. 6
6 jAug. 1,’ 02, 3
2,000,000 M. < N. 5
fe
5 Nov. 1, 1912
1,000,000 M. & S. 41 $ 4is Mar 15,1920
. . . . Julv 1. 1921
700,000 J. & J.
1,000,000 M. & S. 3
3 Sept., ’01,1*3
752,000 J. & J. 5
5 July 1, 1937
4
1,500,000 Q .- F .
3 Aug. 15/01,1
650,000 J. < J. 6
fc
6 July 1, 1915
600,000 J. & J. 6
6 July 1, 1918
2,633,000 M. & S. 5
5 Mar. 1, 1944
a
2,600,000 Q .-F . 15 15 A u g .l,’0 2 ,7 1
300,000 J. < J. 6
fc
6 J’ne 30,’02-27
300,000 J. & J. 6 1 6 Dec.31,’04-29
* This column shows last dividend on s t o c k s . an i maturity on b o n d s .
t In April, 1901, leased till April, 1925, to New Orleans Lighting Oo,
at 6% per ann. on stock, payable Jan.& July.—V.72, p.678,630,393,91.
t Now controlled by American Light & Traction. See page 170.
@FedFRASER