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T h e INVESTORS’
SUPPLEM ENT
------- OF T H E --------
£
o MMERCIAL~&~f
l Ñ Á I c I Á T ^ HRONICLE.
[Entered according to A ct of Congress in tlxe year 1900, by W illiam B. D ana Company , In the office of Librarian of Congress, Washington, D. O.}
N EW YORK, JULY 28, 1900.
T he
I nvestors’
S upplem ent.
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ECONOM Y OF L A R G E CARS.
Several o f the associations of railroad officers have
been recently discussing various aspects of the
large-freight* car problem. Besides mechanical ques*
tions of construction, the rapid increase in railroad
service of cars of 40 tons capacity and over brings up
the subject of operation, of traffic policy and of ac
counting methods. Mechanical design seems to have
developed all the strength needed in these heavy cars,
so that the problem of large cars is one for the other
departments to deal with.
Operating officers find that the length and varying
heights compared with cars heretofore standard make it
difficult to handle the largest types in trains along
with other cars. A t the same time there is a greater
demand for these from shippers because of their
greater loading capacity. This brings in the relation
of the traffic department to the question, for the large
car has been developed chiefly because of the insistence
of the traffic departments for it. As, under the pres
ent system of rate making, tariffs do not, as a rule,
recognize varying car capacities, very naturally ship
pers continually endeavor to get the use o f the largest
sized cars in all cases where it is an advantage. This
is unfair to the railroads, for they thus lose the bene
fits sought in building cars of greater capacity. The
foolishness of the policy of building heavier cars to
carry larger loads than heretofore unless they are
better loaded and bring in more revenue is obvious.
Y et railroad operations are so surrounded with con
ditions that can only be changed slowly, or by some
strong and united effort, that a car-load rate quoted
to a shipper to-day may mean a car that will load 80
tons or one of 40 tons capacity.
With freight classification based on the principle of
paying for a minimum load, this difficulty with
shippers in the distribution of cars cannot be pre
vented. For illustration, traffic officers are continu
ally pressed to furnish special types of rolling stock,
like the large furniture car, under the claim that all
light-weight or bulky goods can not be loaded within
the minimum weight in smaller cars. It has, conse
quently, been proposed by some traffic officers that
the railroads charge for light or bulky freight by the
cubic space occupied, and others propose the total
abolition of car-load rates. Oar accountants in their
association have suggested the re-arrangement of the
minimum charges, favoring the adoption of charges
based on cubic capacity, with a uniform size of car as
the standard, and a sliding scale for cars above or
below the standard in length.
Mechanically, as already said, the large car is a
notable success. This is all the more striking because
it had been long deemed impracticable to get a car of
even 40 tons, and much less one of 50 tons carrying
capacity and over, such as are now built, within the
limits of tunnel clearances and other limiting condi
tions. Without the use of steel the development o f
these large types would of course not have been
practicable.
But wooden box cars, even without
much dependence on steel parts, are now designed of 40
tons capacity, and are working well in service. What
ever complications in traffic, operating or accounting
methods are met with in the use of large-sized cars,
their success in carrying the loads for which they are
designed, with a minimum cost of repairs and main
tenance, has made their rapid and general introduction
inevitable.
In a paper prepared for the International Bailroad
Congress, which is to meet in Paris this year, Mr. L.
F. Loree has gone into detailed calculations as to the
relative economy of 40-ton cars over those of 30-ton
capacity. Mr. Loree says that a 40-ton capacity car,
34 ft. long, will weigh approximately 3,000lbs. more than
a 30-ton car of the same length, and it will cost about
$47 or $48 more. Beduced to a tonnage basis this cost
figures out as $313 less per ton of carrying capacity. Mr*
Loree examines the point whether the cost of hauling
the additional 3,000 lbs. weight per car does not con
sume a considerable part of the apparent economy in
the 40-ton car. He concludes, however, that a tripof about 850 miles with the larger car loaded with the
additional seven tons of paying load, which it will easily*
haul, as compared with a 30-ton car, will pay for the
extra ton andl a-half of dead weight. These calcula
tions, however, do not take into consideration some
of the more important elements of economy to the
railroads in the use of large capacity cars. It is
4
INVESTORS’ SUPPLEMENT.
customary to load cars with ten per cent more than
their rated capacity, so that a 40-ton car, fully loaded,
carries 88,000 lbs. of freight. They are carrying these
loads regularly in the grain trade from the Mississippi
River to the seaboard. With such loading the ca
pacity of the yards and terminals of the railroads are
increased by a third over the 30-ton car now the
standard. In the coal and ore trade, where cars are
commonly loaded to their fullest capacity, and where
frequently long delays in the movement of freight
occur, blocking side tracks, yards and terminals, it is
the truest economy to use 40-ton and 50-ton cars.
This reduction of the space occupied by the use of
large cars, through the reduction of train lengths for
a given tonnage, are summarized by Mr. Loree in a
series of conclusions which bring out forcibly the im
portance and savings of large cars. The advantages
are given as, first, friction and atmospheric resistance
are lessened, bringing the load closer to the loco
motive, so that it can be hauled with greater ease ;
second, a less number of cars and locomotives is re
quired to move a given tonnage, saving interest on
capital and ear service and lessening empty car move
ment in the direction contrary to heavy traffic m ove
ment ; third, the necessity of increasing the capacity of
the main lines, yards and shops is avoided, and at the
same time the cost of switching is reduced; and,
fourth, a large saving in wages results from the de
creased number of trains. All these are substantial
advantages, and the rapid increase in car capacity is
thoroughly warranted when so much can be said in
favor of the movement.
The development has consequently proceeded con
tinuously and rapidly, but like: the increase in the
size of motive power, has been m,ost notable in very
recent years. In 1865 15,000 lbs. was the ordinary
maximum load for a box car. In 1873 the standard
box car had increased to 28,000 lbs. The 20-ton car
came in 1875 and the 30-ton car ten years later. The
writer of a standard book on car-building published
in 1892 did not think it necessary to publish plans for
cars of greater capacity than 30 tons. Iu 1895, how
ever, 35-ton cars were in use, and now the 40-ton car
is coming into general service for miscellaneous freight,
while the 50-ton car is occasionally met with for coal
and ore'and special freight.
THE L A R G E R USE OF COMPOUND
LOCOMOTIVES.
A committee report submitted to the recent annual
convention of the Master Mechanics’ Association, ex
pressing doubt as to the advantages of compound
locomotives, served, curiously enough, to bring out in
a positive way the success of that type of locomotive.
This is indeed told by the mere figures o f its extend
ing use. Compound locomotives were used in Europe
in a number o f forms before any were built in this
country. The earliest compound locomotive erected
here dates back only to 1889. The record of the out
put for that year is but two engines. This year, how
ever, a single locomotive erecting works will build at
least 500 engines of the compound type for American
roads. This is nearly two-thirds of the total number
built by this company for service in this country.
Only recently an order for 60 compound engines was
given by a railroad whose mechanical officers had
hitherto been unconvinced of the desirability of the
compound feature, and had resisted their introduc
tion on that line. Other companies that have had
IV ol. L X X I.
compounds in service have placed other similar large
orders, and altogether the position of the compound
type of locomotive has been thoroughly established
during the present year.
It is beyond the experimental stage. The discus
sion of the committee report above referred to at the
Master Mechanics’ Convention established that fact
aside from the record of figures of output. Not only
was the weight of evidence and of experience in favor
of compound locomotives, but not a word of opposi
tion was spoken. In view of the vigorous opposition
which their introduction had to overcome and which
was maintained even a year or two ago, when several
hundred engines were doing good work in service un
der all sorts of operating conditions in different parts
of the country, the complete obliteration of active op
position is very striking.
In practical service, in
deed, only slight objections have been found against
the use of the compound feature of locomotives. The
Master Mechanics’ Committee this year considered
only two worthy of mention.
The leading objections
it considered the larger first cost and the increased
cost for repairs and maintenance of machinery
due to multiplicity of parts and greater weight of re
ciprocating parts. A few other minor points were
made, but these did not survive the discussion of the
report in the convention. As against this very lim
ited number of disadvantages is a long list of decided
favorable features, too long, in fact, to .give in any
thing like a complete form, but all contributing to
and emphasizing the fundamental benefit derived
from compounding, a material saving of fuel for the
same amount of work done. This saving in the coal
bill, one of the largest items of railroad expenses, is
fully 20 per cent. Compound engines have greater
boiler capacity, reduced leakage in the engine, less
depreciation of the boiler, reduced loss by tender and
fuel haulage, etc.
The reduction in boiler repairs is conservatively
estimated at nearly 20 per cent, and, as already
stated, the saving in fuel is calculated to be as large a
percentage as this figure. A ll these factors united
provide a more efficient and economical engine for
hauling trains, whether passenger or freight, than
heretofore in use.
Part of the recent rapid increase in the use of com
pound locomotives in this country and the more gen
eral appreciation of their benefits has followed ma
terial improvements in their design and construction.
Undoubtedly further advance in design may be ex
pected, but it is not likely that any radical change
will be made from the several types now in service in
this country. In Europe, where compound loco
motives were quite extensively used before any were
built in the United States, there are also many differ
ent types. These have, however, not been followed in
detail in America, and there seems no likelihood that
their peculiarities can now find a foothold here, although
some of them seem to be exceedingly efficient loco
motives. The progress of compound locomotive build
ing in this country has gone far ahead of that of any
other nation. As in other industrial affairs, like the use
of Bessemer steel, etc., we have been indebted to Eu
rope for the original idea, but have so improved upon
the original in practical application as to secure better
results than are obtained where the type originated.
The development of the compound and its larger
use in this country in the last year or two has been
materially helped by the fact that so many railroads
July, 1900.]
INVESTORS’
have been practically rebuilding and renewing their
motive power. Present conditions of transportation
require heavier engines than a few years ago were
considered possible. The general development t o
ward the use of heavy engines has been helped
along by the utilization of the compound feat
ures in locomotives.
On the other hand, the use
of compounds has been extended much faster than
otherwise would have been the case if their introduc
tion and early experimental use had happened to
come much before the time it did, or if it had been
delayed until after a good deal of the renewal of
motive power carried on in the last few years had
been completed.
One of the speakers at the Master Mechanics’ Con
vention well summarized the position of the compound
locomotive in the following words : “ The present
evolution toward heavy engines means that we are
going to the maximum possible weights on the drivers,
and maximum possible boiler capacity, and that is
limited by the weight on the drivers. It has been
well demonstrated that the compound can save any
where from 15 to 20 per cent in fuel and a correspond
ing amount of water. This simply means where you
have got to limit the steam-heating capacity, you are
going to get that much more out of a given weight in
a compound locomotive than in a simple locomotive,
and you have that much more powerful locomotive to
pull the train, because the limit in pulling capacity is
«imply the capacity of the boiler and not the weight
on the drivers for fast work.”
SUPPLEMENT.
9
forwarded with another full car-load of passengers. This
is particularly true in suburban service, in which the
new Central London Underground road will be engaged.
Each station has its proportion of passengers alighting
and boarding the cars, and under these circumstances
the quick handling of passengers with the compart
ment car, as at great terminal stations, is not main
tained. There are a number of reasons for this, which
make the result quite obvious. With compartment
cars, the selection of a comfortable seat depends upon
the choice made from the station platform. First,
the particular class for which the ticket is good has
to be found. Passengers examine each separate com
partment until they find the seat they regard as the
best— two operations which consume time. That is
to say, the assorting and distribution of passengers in
the open American car is accomplished after the pas
senger has entered the car and when the train may be
in motion. Where compartment cars are used, this
must be done while the train is at a standstill at the
station platform.
This probably causes the greatest delay, but it is
not the only one. Passengers in compartment cars
are unable to alight until the guards open the com
partment of each car. This requires a large force of
station guards, who are on hand at terminals but not
at way stations. A good deal of wasted labor is caused
because passengers are not likely to alight from each
compartment, yet each one has to be opened or exam
ined to see if passengers are to alight. Again, there
is the same loss in starting, through the necessity of
closing the compartment doors before the train is
A M E R IC A N EQ U IPM EN T ON A N ENGLISH ready to move. Departing passengers will not close
ROAD.
the compartment doors behind them. Passengers in
The equipment of the new Central Underground the American car are ready to leave when the train is
Electric Railroad in London follows American practice brought to a standstill. In fact, there is frequently,
in several particulars, and none more noticeably to the and especially in suburban service, difficulty in induc
ordinary observer than in its use of American-type roll ing them to wait until the train has reached a full
ing stock. Considering the strong prejudice in Eng stop. In leaving a station, the train is ready to start
land to the open cars universally used in the United up again as soon as the last passenger to board has
States, the decision of such an important road as the new stepped on the car platform.
London underground line to discard the typical Eng
These general statements of the quicker handling of
lish compartment car for the American type marks a passengers at way stations and in the frequent stops of
radical change. Open cars, or a modification known a rapid transit service, with the American open car
as corridor cars, have been in growing favor on some having end doors, are amply verified by careful obser
of the standard English lines on trains in special ser vations ©f the actual time consumed in the two ser
vice, but those cars form a small proportion of the vices. One observer, Mr. R. H. Soule, a well-known
total passenger equipment. We have not observed American railroad officer and engineer, has recently
the special reasons advanced for the decision of the published figures comparing the length of service
directors of the Central Underground road to use stops on the Cape Government railroads in Africa, and
American car equipment, but some figures recently on the Illinois Central in its suburban service at Chi
published prove that there is one important reason in cago. The Illinois Central has high platforms at its
favor of the long open American car on this road suburban stations, level with the car platforms, so
with its rapid transit service requiring brief stops at that, as on the various elevated roads in the United
many stations. This is that the American type car States and on the English roads, no time is lost by
can be filled with passengers and emptied more going up or down steps. In each case 100 ob
quickly than the English compartment car.
servations were taken. Roughly, Mr. Soule’s fig
This statement may seem contrary to theory and to ures show that the American train stops were
general observation, but it has been proved to be liter but half as long as those on the African line,
ally true by* careful and competent observers. The with its English rolling-stock. The actual figures,
general impression that the English compartment car reduced to an average for the series of observa
is more quickly filled with passengers and emptied tions were 22*39 seconds for each stop on the African
comes in part from observation at the more important road while but 11*58 seconds were consumed on the
terminal stations. Undoubtedly where the traffic is average by the Illinois Central trains. The range of
very large, as at the chief city stations, the many com time in individual stops was considerable, and proba
partments of the English car enable more prompt in bly the English system shows the quickest time under
gress and egress on the part of passengers than the the most favorable conditions.
But these seldom
car with only end doors. But cars coming into a exist in every-day operation, and the advantage held
station filled with passengers are not usually promptly by the open-car doors over the compartment car in
6
IN V E S T O R S ’
SU PPLE M E N T.
[ V o l . L X X I.
as the maximum for an engine; boilers of a greater
diameter than 60 inches had not been built; 160 lbs.
was the greatest boiler pressure in use, while a greater
boiler-heating surface than 2,000 square feet was un
known.
Engines are now running weighing over
IN CREASIN G SIZE OF LOCOMOTIVES.
225,000 lbs., with boilers 6 feet and over in diameter,
In the issue of the I nvestors’ Supplement for carrying 210 lbs. steam pressure and even higher, and
January 1899 attention was called to the great in with a boiler-heating surface of 4,000 square feet, while
crease in size and weight of a number of locomotives the diameters of cylinders have risen to 22 inches.
Figures recently collected by Mr. William Forsyth,
then recently built for various railroads.
In the time which has elapsed since that article was a well-known locomotive designing engineer, bring
written the tendency to further increase the weight out clearly the rapid and immense growth in the size
of engines has been as marked as in the short period of American locomotives. Comparing consolidation
during which the engines then referred to had been engines, Mr. Forsyth points out that the first engine
designed and built. In fact that article had scarcely of this type was built at Philadelphia in 1866 for the
appeared in print before the largest of the engines Lehigh Valley Road. During the next 25 years little
whose dimensions were there chronicled was displaced change was made in the design and comparatively
from the position of being the heaviest engine by little in the size and weight. The 1866 engine
locomotives contracted for by other railroads. It has weighed 90,000 lbs. A typical consolidation engine
happened frequently in the year and a-half since then of 1881 weighed only 102,000 lbs. By 1893, however,
that a new engine just turned out from the shops of the engines of this type weighed 135,800 lbs., which in
its builders as the heaviest ever built has held that 1895 had increased to 148,000 lbs. The consolidation
engine is the type to which most of the recently-built
designation but a few weeks.
It is safe to say that no such progress as made in heavy engines belong, and how rapid the increase in
the past ten years, and particularly in the past five weight has been since 1895 may be seen by the fact
years, has ever been made in any previous similar that in 1898 the Pittsburg Junction Road built a con
period toward increasing the power and efficiency of solidation engine weighing 230,000 lbs. .This was
locomotives. Locomotive designers have been able mentioned in the article in the January 1899 I n
to profit in more recent years from circum- vestors’ Supplement, previously referred to, as the
stances which formerly limited builders.
The heaviest locomotive built up to that time. It has,
permissible limit o f weight on the driving wheels however, been exceeded in size by a number of en
has been greatly increased through the progress in gines recently built, and in particular by some for the
securing a stable roadway, and this has been of fun Pittsburg Bessemer & Lake Erie. These monsters
damental importance in allowing the size of engines have a total weight of 250,300 lbs., of which 225,200
to be increased. Again, the materials now available lbs. is on the driving wheels, or 28,150 lbs. on each of
in locomotive building are far superior to those pro the eight wheels. The weight of engine and tender
duced some years ago. This has permitted the reduc is 391,400 lbs. The tractive power of these engines
tion of many parts in weight, while at the same time is calculated as 56,300 lbs. and their hauling power on
securing greater strength. Better steel is now used a level track as 7,847 tons. Other interesting dimen
in boilers than ever before; parts formerly made of sions of these giant locomotives are: heating surface,
cast-iron are now made of cast-steel; nickel steel has 3,805 square feet; grate area, 36*8 square feet; di
displaced wrought-iron for axles and crank pins. The ameter of driving wheels, 54 inches; diameter o f
weight thus saved by the substitution of the lighter cylinders, 24 inches; piston stroke 32 inches, and
and stronger metals for cast-iron has been put into boiler pressure, 220 lbs.
For comparison, some of the principal dimensions
the boiler, permitting it to be increased to the great
of a typical heavy consolidation engine, built in 1895,
sizes now common.
In 1890 a boiler with a diameter of 60 inches and may be given. Traction power, 40,000 lbs.; boiler
with a steam pressure of 160 lbs. was the maximum. diameter, 72 inches; heating surface, 2,300 square
Now boilers are constructed of 72 inches in diameter feet; cylinders, 22x28 inches; weight on drivers, 148,and carrying a steam pressure of 210 lbs. Without 000 lbs, and total weight, 160,000 lbs., or 90,000 lbs.
the substitution of steel and malleable iron for the less than the figure which had been reached five years
Y et the 1895 engines were heavier by 32,000
heavier and weaker cast-iron, it would not have been later.
lbs. than a typical heavy engine built in 1890.
possible to get the larger steam supply obtained from
It is useless to prophesy how far this tendency to
such an increase in the size o f the boiler. If a prac
ticable design could have been made, the enormous increase the weight and hauling power of locomotives
weight of such an engine would have been beyond will be carried. The limit is certainly not yet reached.
what could be borne even by the heavy rails and These heavier engines are becoming widely used, for
present excellent track construction of the railroads. their advantages and economy are beyond question.
As it is, with far more exacting conditions of service, They reduce the number of locomotives needed to
locomotive boilers of to-day are much stronger and move a given tonnage, and thus a saving is secured in
the investment in motive power; repairs are less,
safer than at any previous time, and have a longer life.
Large boilers and high pressures are the leading coal bills are reduced, wages are saved, heavier trains
characteristics o f the modern heavy locomotives, and can be hauled, and over longer distances without being
these dimensions in many instances have been nearly divided; there is less use of tracks and the movement
doubled compared with those recently regarded as the of freight is thus facilitated in various ways at greater
maximum. Ten years ago 140,000 lbs. was regarded economy.
reducing the length oi stops is so decided that this
explanation of the saying of time would be alone suf
ficient for the adoption of American rolling stock on
London's new underground road.
IN D E X
TO
COMPANIES
CONSOLIDATED ,
&
c.
The usual Index to companies which, owing to consolidations, etc,, are no longer given in their alphabetical position,
is omitted from the present edition of the Supplement, but will be found in the issue for April, 1900, pages 9 and 10.
RAILROAD
(F or M iscellaneous Companies
COMPANIES.
see pages
154
to
173
inclusive .)
EXPLANATORY.—This Supplement is expressly intended for nsein connection with the investment news and official reports published
from week to week in tlie Chronicle . Frequent references are therefore made to the volume and page of the Chronicle (as, V. 64, p. 000)
where fuller information may he found. Following each statement also is given a reference to the latest news item in the Chronicle respecting
the company. As every suoh item contains a reference to the last preceding item, the reader can run hack 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 oompany.
—Any oompany not in its regular alphabetical order may be found by means o f the index to roads leased and consolidated.
Dividends.—The dividends tabulated in the text are those actually paid during the calendar years named, irrespective of when earned.
Net earnings are given after deducting operating expenses and usually taxes, but not interest, rentals or other fixed charges.
securities.—These are described in table at head of page [except the stock, for lack o f space, sometimes only in text below] as follow s:
Mile* o f Road.—Opposite bonds, this means the miles of road owned covered by the mortgage.
Size or Par Value.—Shows (in dollars unless otherwise marked), the denominations or par value, “ 100, Ac.,” signifying $100 and larger.
Mate Per Oent.—The interest and dividend rate,p er annum is here show n; g., gold: our., currency; x, extra ; s. stock or scrip.
When Payable.—J. & J. stands for January and July; F. & A., February and August; M. A S., March and September; A. A O., April and October;
M. AN., May and Nov.; J. A D., June and Deo.; Q.—J., quarterly from Jan.; Q.—F-, quarterly from Feb.; Q.—M., quarterly from March.
Bonds,principal when due, etc.—This column shows the date when the bonds mature and the amount and date of th clast dividend.
Abbreviations in ta b le: M. for “ mortgage; ” gen. M. for “ general mortgage; ” con. M. or consol. M. for “ consolidated mortgage; ” Inc. M.
or “ income m ortgage;” g. for “ g o ld ;” o. or our. for “ cu rren cy;” guar. p. A i. for “ guaranteed principal and interest;^’ oum. for
“ cumulative; ” non-cum. for “ non-oumulative; ” oonv. for “ convertible; ” pref. for “ preferred; ” s. f. for “ Binding fun d; ” 1. gr. for “
gra n t; ” r. “ registered; ” o. “ coupon; ” o.* “ coupon but may be registered as to principal; ” br. “ branch; ” end. “ endorsed; ” “ red. redeemable;
“ d’ra ” or “ drawn ” subject to call when drawn by lo t ; “ p. m.” “ per mile;” as’d “ assumed.” “ x ” Principal and Interest payaole without
deduction for any tax whioh the company may be required by law to pay. “ n ” No more issuable.
Mortgage Trustees are indicated th u s:
N ew Y ork C ity —
Boston—
C hicago—
A — Atlantic Trust.
A B —American Loan & Trust. EC— Equitable Trust.
Ce— Central Trust.
B B —Boston Safe Dep. & Tr.
C o l—Colonial Trust.
1C— Illinois Trust & Sav. Bk.
I B — International Trust.
C o— Continental Trust.
M C—Merchants’ Loan & Tr
M B —Massachu’tts Loan & Tr. NC— Northern Trust.
F — Farmers’ Loan & Trust.
N B — New England Trust.
G— Guaranty Trust.
O B — Old Colony Trust.
K.— Knickerbocker Trust.
M a—
Manhattan Trust.
M e —Mercantile Trust.
Baltimore —
M o—Morton Trust.
C incinnati—
M p—Metropolitan Trnst.
B B a — Balt. Tr. & Guaranty.
N— N. Y. Security & Trust.
F B a — Fidelity & Deposit.
C C i—Central Trust & Safe
ITn—Union Trust.
M B a — Maryland Trust.
Deposit.
Us— United States Trust.
Me B a —Mercantile Tr. & Dep. U C i—Union Savings Bank &
Usm—U. S. Mort. & Trust Co. S B a — Safe Dep. & Trust Co.
Trust.
L ouisville—
C L —Columbia Finance & Tr.
FL—
Fidelity Tr. & Safety Vit.
LL—
Louisville Trust.
P hiladelphia —
Pittsburg—
FPi—
Fidelity Title & Trust.
P Pi—Pitts bürg Trust.
UPi—Union Trust.
St . L ouis-
F P — Fidelity In sur’nee Trust m s t —
Mississippi Valley Tr
& Safe Deposit.
S S t— St. Louis Trust.
GP— Girard Life Insurance USt—Union Trust
Annuity & Trust.
G uP—
Guaranty Tr. & S.Dep.
San Francisco—
P P — Penn. Co. for Insur. on
Lives & Gr. Ann.
CS—California Safe Deposlt
W P —West End Tr. & 8. Dep.
& Trust.
Subscribers w ill con fer a great fa v o r by g iv in g im m ed ia te notice o f a n y error discovered in these T a b les.
Bonds—
Princi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,When Dae.
For explanation o f column headings. Ao., see notes of
of
Par
Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
above.
Whom.
Dividend.
Aberdeen d Asheboro—Aber. & West End 1st mort.
Adirondack.—1st M., gold, gu. p. <fci. end., U s o*&r
Alabama Great South’w—“ B” shares (English Co.).
Pref. “ A ” shares, (English Co.) 6%, £800,000___
1st M. (American Co.) gold, $ i,750,000........ F .o
Gen.M., £1,160,000, red.at 110 June l , ’98.Ce.o
Debentures, gold (English Co.)..............................c
Funded arrears o f dividend (English Co.)............
Alabama Midland—Common stock ’ ............1............
Pref. stook, 6 p. ot., non-cum.; no voting power..
1st M., guar. p.&i. end. Sav. F. & W., gold .M p.xo
1st M., Sprague to Luveme, gold...............M p .x o*
Ala.N. 0. Tex. dPac. June.—Deferred “ B” shares...
Preferred “ A ” shares, 6 p. c. cumulative..............
“ A” deben., red. aft. N ov.l,’ io , at 115—See text.o
“ B” debentures, income, red. after 1910 at 115.0
“ C” deb., income, subject to call any time at 100.
Interest cert, (secured by £34.193 “ C ” d e b .)....
Alabama d Vicksburg—Stook $1,050,000...............
Vioksburg A Mer. 1st M. gold, $1,000,000..F .x o
Ala. & Vicks, consohlst M., ($1,800,000) g..C e.o
2d M., orig. $700,000, ino. till Apr., ’ 94, g .C e .c
64
57
297
297
297
297
....
....
175
33
....
143
143
143
143
1890 $1,000
1892
1,000
£10
£10
1878 $1,000
1888
£100
1888
£100
1888
$100
....
$100
1888 $ 1,000
1890
1,000
£10
£10
1890 £50 Ao.
1890 £20 Ac.
1890 £20 Ac.
$50,000
6
1,000,000
4*8 g.
£1,566,000
£676,070 6 in ’99
$1,750,000
6 g.
£526,000
5 g£134,000
6 g.
4
£53,257
$2,625,000 [Plant In
1,600,000 [PlantIn
n 2,800,000
5 g.
500,000
6 g.
£2,500,000
£1,500,000
£748,850
5 g£1,048,390
5 g£810,652
5 g£28,494
100 $1,050,000 5 in 1899
1881
1,000 n 1,000,000
6 g1889 100 Ac.
588,800
5 g1889 100 Ac.
638,300
5 g.
J. A J. Balt.,Mer.Tr.& Dep.Oo.
M. A S. N.Y.0f.,21 CortlandtSt.
London.
J. & D.
do
J. A J. N. Y.,Farm.L. ATr. A Bos
J. A D. London,Glyn,MillsACo.
FA A 15
do
do
do
do
vest. Co . owns $2,425,000 of th
vest. Co . owns $ 1,200,000 of th
M. A N. N. Y. .Met’politan Tr.Co.
J. A D.
Jan., 1910
Deo. 1, 1942
Deo., 1892
June 15, ’00, 3
Jan. 1, 1903
Deo. 1, 1927
Aug. 15,1900
By sink’g fund
is.l
is j
Nov. 1, 1928
Deo. 1, 1929
M. A N. Lon.,Glyn.Mills,C.&Oo. N ov.l,1910-40
5% for ’99 pd. Feb. 1900. N ov.l,1910-40
A. A O. 138%for’99pd.Feb.l900 Nov. 1, 1940
Yearly. New Orleans, Office.
A. A 0. N. Y., Central TrusirCo.
do
do
A. A O.
do
do
A. A O.
Aug.15,’ 99,5%
Apr. 1, 1921
Apr. 1, 1921
Apr. 1, 1921
n No further bonds issuable.
Aberdeen Sc A she boro B R . - Aberdeen to Asheboro, N. O., 56
m.; Blscoe to Mt. Gilead, 21 m. Stock, $250,000; par, $100. Earnings
in year 1898-99, gross, $98,140; net, $33,914; int., taxes, etc., $8,933;
div. (4 p. o.), $10,000; bal., sur., $14,981.
A d d iso n & P e n n sy lv a n ia B y . - Owned Addison, N. Y., to
Gaines, Pa., 41 miles, and leased Gaines to Galeton, Pa., 5 miles.
Foreclosed, three companies being formed to take title to the different
portions, all o f whioh in Sept., 1898, leased their respective properties
to the Buff. & Bus. at fixed rentals for 25 years.—V. 67, p. 427.
A d iro n d ack B y . - Saratoga to North Creek, N. Y., 57 m. Stock,
$2,600,000; par, $100. The bonds carry the endorsed guaranty of the
Delaware & Hudson; $1,000,000 bonds reserved for extensions at
$20,000 per mile of completed road. In year ending June 30,1899,
gross, $186,762; net, $59,191; other income, $261; charges, $52,798;
in 1897-98,gross, $208,305;net,$72,496. (V. 59, p. 1102; V. 69, p. 1010.)
A la b a m a Great Southern R R . —(See Map Southern Railway.)—
Owns Wauhatohie, Tenn., to Meridian, Miss., 291 miles; branch lines
owned, 6 m iles; leases Wauhatohie to Chattanooga, 5 miles, and Belt
By. of Chattanooga, 43 miles; trackage to Blookton, Ala., 8 miles, and
Woodlawn, 19 m iles; total operated, 372 miles.
O r g an ization .—Controlled by Southern Ry., but operated Independ
ently. V. 60, p. 26; V. 61, p. 375. Ala. Great So. Ry., Limited,
owns all of the stock and debentures of Ala. Great So. RR., and has
issued in place thereof its own stock and debentures respectively
for a like amount. The two companies own jointly $833,300 stock
o f Southwestern Construction Co. received in exchange for $833,330 Cin. N. O. & Tex. Pac. stock. See V. 65, p. 1173.
Sto c k .—Of the capital stock of the English Co. the Southern Railway
Co. on July 1, 1899, owned $1,725,000 “ A ” shares and $4,540,050
“ B” shares. V. 61, p. 26. For right to dividends see March, ’94, Supp .
D iv id e n d — ) ’ 89. ’ 90. ’91. ’ 92. ’93. ’94. ’ 95. ’96. ’97. ’98. ’ 99. ’00.
“ A” shares.% > 6 9 6 6
0
0
6
0
9 6 6
June 3
“ B” shares.%> 0
O l ^ U g O
0
0
0
0 0
0
0
B onds ;—General M. 6s, £484,000, w ill retire 1st 6s and debentures
L ate st E arnings —llm o s J 1899-00.Gross, $1,938,378; net,$591,311
July 1 to May 31.
( 1898-99.Gross, 1,653,389; net, 518,117
A nnual R e p o r t .—Report for 1898-99 was in V. 69, p. 1058, show
in g; Gross, $1,816,523; net, $570,338; other income, $7,OsO; interest
on bonds, $282,832; income' tax, etc., $19,412; balance for stock,
$275,179; dividends on stock of American Co. (6 per oent), $190,576.
I * 1897-98, gross, $1,741,933; net, $559,029; other income,
$7,359; interest and rentals, $282,862; other charges, $17,587; bal
ance for stock, $265,939; dividends on stock of American Co. (6 p. c.),
$190,571.—(V. 67, p .1 1 5 8 ; V. 69, p. 1 0 5 8 .)
A la b a m a M id lan d B y . —fSee M a p Sav. F lo rid a & W estern .)—
Bainbridge, Ga.,to Montgomery, Ala., lT o miles; branch, Sprague Junc
tion to Luveme, 33 miles; total owned, 208 miles. Operates Abbeville
Southern, Abbeville Junction to Abbeville, 27 miles; completed N or.,
1893. Bonds due 1928 have been reduoed from 6 to 5 p. o. and
stamped principal and interest guaranteed in gold by the Sav. Florida
A West. Bonds o f 1890, mostly held by Plant fnvestm’t Co.,whioh con
trols the stock. Current accounts payable June 30,1898, $1,868,861.
E arnings.—11 m onths,) 1899-1900.-Gross, $872,758; net, $187,025
July 1 to May 31.
$ 1898-1899..Gross, 755,381; net, 106,607
In 1898-99, gross, $828,170; net, $129,836. For year 1897-98, gross,
$766,274; net, $143,679. 1896-97, gross, $671,456; net, $111,650.
A labam a N ew O rleans T ex a s & Pacific J u n ctio n R a il*
w a y s Co. (L im ited .)—
»This is an English oompany controlling Ala
bama & Vicksburg, 143 m iles; Vioksburg Shreveport A Pacific, 180
m iles; New Orleans A North Eastern, 196 miles.
Securities Ow n ed .—Ala. & Vioksb $30,000 1st mort., $387,700 2d
mort., $141,100 consol. 1st M. and $387,700 stock; Vioksb. Shreve.
A Paciflo, $3,692,000 1st M., $1,364,000 3d M „ $494,860 4 p. o. in
comes and $1,594,000 stock; New Orleans & North East., $4,900,000
1st M. and $4,320,000 stook; S. W-Construction Co., $448,700 stock;
overdue coupons N. O. & N. E. and V. S. & Pac. Deo., ’ 99, £1,134,231.
Coupons P a id — For ’91. ’92. ’93. ’ 94. ’95. ’ 96. ’ 98. ’ 99. ’00
“ O ” Debentures.. P .c.
..
..
None.
....................
13s
“ B”
do
.. P .c. 2*3 2*9 0 *875 1
2% 2 \ 4^6 5
“A”
do
..
All coupons paid to Nov., 1899,inclusive.
E arnings.—See separate statement for each of the controlled com
panies. In year ending Deo. 31, 1899, net from investments was
£103,349; paid general expenses (£3,478), income tax (£2,494), inter
est on “ A” debentures, (£36.194), on “ B” debentures 5 p. o. (paid in
Feb., 1900), £50,672; o n “ C ” debentures, £10,775; balance, includ
ing £1,118 from 1898, £853.—(V. 66, p. 2 8 4 ; V. 70, p. 125, 32 7 .)
A la b a m a Sc V ic k sb u rg R y .—Owns Vioksburg to Meridian, Miss,
and branch, 143 miles, all steel rails. Controlled by Alabama New
Orleans Texas & Paciflo Junction Co.—whioh see. Reorganization of
the Vioksburg & Meridian foreclosed Feb. 4,1889 (see V. 48, p. 190).
Stock .—The stock was increased in 1900 from $700,000 to $1,050,000 by 50 p. e. distribution to shareholders, to represent earnings ap
plied to additions and improvements since 1889.—V. 70, p. 632.
D ividends .—1890 to ’ 92, 3 j>. o. yearly; ’ 9 6 ,3 ; ’ 97, 5; ’ 98, 5; ’99, 5.
B onds.—The new seconds were income till April 1,1894, and are a
first lien on the lands—77,841 acres. Of the $1,800,000 consols author
ized, $1,000,000 are with trustee to retire V. & M. firsts. Right to call
Vicks. & Meridian assenting bonds expired April 1,1897.
E arnings.—Fiscal year ends June 30. In 1900, Jan. 1 to June 30
(6 months), gross, $366,224, against $344,158 in 1899. Report for
1898-99 in V. 69, p. 1008.
Years—
Gross.
Net.
Interest, etc. Bal. sur. Dividend.
1898-99... $697,538
$191,428
$122,062
$69,366
$35,000
1897-98... 682,054
203,523
123,137
80,386
35,000
—(V. 6 7 ,p. 9 5 0 ; V. 69, p. 1 0 0 8 ; V. 70, p. 3 2 7 , 632.)
8
INVESTORS’
SUPPLEMENT.
[V ol . L X X I.
Subscribers w i l l con fer a great fa v o r by g iv in g im m e d ia te n otice o f a n y error discovered in these Tables*
Bonds—Princi
_________________ RAILROADS._________________
INTEREST OR DIVIDENDS.
pal,When Due.
Miles Date Size, or
Amount Rate per When Where Payable and by Slocks—Last
Par
F or explanation of column headings, &c., see notes of
of
Dividend.
on first page of tables.
Road. Ronds Value. Outstanding Cent. Payable
Whom.
Albany <t Nor them —S tock ............. ............. ..........
1st mortgage............................................................ c
Albany «6 Susq.—Stock, divi’ds guar. by D. & H. (end).
Consol. M .) (guar. p.& i. end.) currency 7s. F.o*<fcr
now IstM. 5 do
6s, interest only in gold ....
Albany it Vermont—Stock, 3 p.c. guar, by rental)..
Allegheny <t Western—Stock ($3,500,000)...............
1st M. $2,500,000, gold, guar., p. & i. end G .c*..
Allegheny Valley—Common stock for $12,000,000..
Preferred stock for $18,000,000,3 per cent cum.
1st M., low grade,East’n E xt., guar. P en n.R R ..c
Mort. to State Pa., $100,000 due Jan. 1, yearly..r
Gen. M. ($20,000,000) g., guar. p.& i. F P i .x .o * «
Allentown RR. (leased to Phila. & Reading Ry.) ..
Allentown Term’ l—1st M., guar.p.&i. (end.)g.Ce.xc*
Ann Arbor Railroad—Common stock........... ..........
Preferred stock ($4,000,000), 5 p. c., non-cum...
1st mortgage, $7,000,000, gold................ M p x.c*
Annapolis Washington it Baltimore.—S t o c k ........
Arizona it Utah—1st M., $600,000, g old .C o....... c*
Ark. Midi’d—IstM . ($6,000 p.m.)g.,red.atllO.Ce.c*
Arkansas it Oklahoma—1st M., g., $10,000 p. m
Ashv. it Svart.—B.TJ.&C. 1st M.,g., gu. by So. Ry.Ce
Ashland Coal it Iron Ry.—1st ref. M., gold...........P
i
A tch iso n Topeka & Santa F e Jty.—Stock, com ..
Stock, preferred, $131,486,000, 5 p. o., non-cum..
Chic. & St. Louis 1st M. ($10,000 p. m.) cu r.F .. c
Old bonds not assenting to reorg. of 1 8 8 9 ...c**r
General mortgage, gold, see text........... Fn.o*«fcr
Ad), inc. M., cum. from July 1,1900, g., Oe.c'&r..
Equip. Tr., Ser. A., g., $250,000 dr. y’ly at p a r.. .c
n No further bonds Issuable.
cur., currency.
$100
1696
142
142
12
61
61
259
259
259
259
259
1876
1876
"*3
1889
1,000
100
1,000
1,000
100
100
1898
1,000
50
50
1870 $ & £
1870 100,000
1,000
1892
50
1,000
100
100
1,000
100
1,000
1,000
1,000
1,000
1,000
100
100
1,000
500 &o.
500 &o.
500 &c.
Jan. i , 1946
5
J. & J.
*
7 in 1900 J. & J. N.Y.,Del.&Hud.Can.Co. July, ’00, 31
Apr. 1, 1906
7 cur. A. & O.
do
do
Apr. 1. 1906
do
do
A. & O.
May, ’0 0 .1*2%
Troy, N. Y.
s ' M. & N.
J. & J. New York, 36 Wall St. July 2, ’ 00,3
i l : A. & O. N. Y., Gallatin Bank. Oot. 1, 1998
6 g. or 7 A. & O.
J. & J.
M. & S.
in clf fi, 0761400
4 g. J. & J.
Phil.,Pa. RR. Co. &Lon.
Pittsburg, Pa.
Philadelphia,Pa. RR.Co
under Reading Co.mort.
New York and Phila.
April 1, 1910
Jan. 1,’01, eto.
Moh. 1, 1942
of 1896.
July 1, 1919
4 g. Q.—J. N.Y., Metropol. Tr. Co. July 1, 1995
See text.
See text J. & J. Stk.own.by B.& A.Sh.L.
6 g. A. & O. N. Y., Contin.Trust Co. Apr. 1, 1929
6 g. J. & J. N. Y.,H.Tallmadge& Co. July 1, 1911
1930
Bankers’ Tr. Co.
Y.
ì g* J. & J. N.Y., J.P. MorganN. Co. Jan. 1, 1995
8 J. & J.
<
&
1,000,000
4
300.000
4 g. M. & N. N.Y., N.Y. Sec. &Tr. Co. May 1, 1925
102,000,000
«
114,199,530 See text. F. & A. Checks mailed fr. N. Y. Aug. 1, *00,21
n l , 500,000
6 cur M. & S. N. Y., 59 Cedar Street. Moh. 1, 1915
Various.
693,210 Various.
1,
133,080,000
4g* A. & O. New York, 59 Cedar St. Oct. 1, 1995
1995
Paid 4 p.c. Nov. 1,1899 July
51,728,000
i g. J.See aJ. New York and London. Jan.l, 1901-02
g*
500.000
&
5
v. 1 : pa rtly M. & N.; see opti on of ex change V. 69, p. 954;
A lb a n y Sc Susquehanna R R .—( See Map Delaware <t Hudson.)—
R oad .—Owns Albany, to Binghamton, N. Y., 142 miles. Leases,
Coblesbill, N. Y., to Cherry Valley, 21 miles, practically owned by
D. & H.; total operated, 163 miles.
L e a sed for 150 years from Feb., 1870, to Delaware & Hudson Comany. Lessee guarantees 7 p. c. per annum on stock till Albany City loan
or $1,000.000 is paid by sinking fund, thereafter 9 p. o. (See wording
o f guaranty in V. 56, p. 774.) The last instalment of the Albany City
loan was paid May 1,1897, but the sinking fund fell $296,878 short of
meeting the principal. This amount has been borrowed, payable in
semi-annual instalments up to May 1,1902, and w ill be met from
sinking fund (now $70,000 yearly) before dividends are increased.
A n n u al R e p o r t .—Earnings for years ending June 30:
Oro8s.
Net.
Char, it taxes. Bal., sur.
$767,693
1898-9 ......................... $4,245,432 $1,886,012 $1,118,319
1897-8........................ 4,125,187
1,822,427
1,113,184 709,243
—(V. 69, p. 384,1061; V. 70. p. 995.)
A lb a n y Sc V e rm 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 by D. & H. Canal Co. Annual rental, $20,000.
A lg o m a Central R y . —V. 70, p. 1248.
A lleg h en y Sc W e ste rn R y .—(See Map Buff. Roch. it Pitts.)—
Punxsutawney to Butler, Pa. (about 60 miles), opened Sept. 4,1899.
An extension of Buffalo Rochester & Pittsburg, to which leased in
perpetuity for guaranty of bonds and 6 p. o. on stock. Uses Pitts.
& West, from Butlerto New Castle and Pittsburg under a trackage ar
rangement, 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 .
A lleg h en y V a lle y R a ilw a y .—Owns from Pittsburg to Oil City,
Pa., 132 miles; RedBank, Pa., to Driftwood, 110 m ; others, 17 miles.
Brookville, Ry., 13 miles, is controlled. See V. 64, p. 1179.
Organization , &c.—Reorganization March 1,1892, of the Allegheny
Valley Railroad, sold in foreclosure Deo. 15,1891. P lan of reorganiza
tion, etc., was in V. 53, p. 324,368, 520; V. 54, v. 409,524. Road con
trolled by the Pennsylvania RR. Co. as majority stockholder, owning
$9,653,800 common and $11,431,656 preferred stock. Wording of
nref. certificate was in editorial of Supplement of Oct. 30,1897, p. 3.
Road is to be taken over under lease by the Penna. RR. about Aug.
1,1900, and, it is stated, will be consolidated later with the Western
New York & Penna. Ry.—V. 70, p. 27; V. 71, p. 134.
B onds.— General mortgage has principal and interest unconditionally
?
$350,000
400.000
3.500.000
n 3,000,000
n 7,000,000
600.000
2.850.000
2,000,000
10,544,200
17,172,500
9.998.000
900.000
5.792.000
1,268,884
n450,000
3.250.000
4,000,000
n 7,000,000
358.000
334.000
176.000
V .7 0 ,p. 944.
D ividends — > 87. *88. ’ 89. ’90. ’91. '92. ’93. ’94. ’95. ’96.
Rate p .c.
(5
4^
4
4^
5% 6 % 5*2 6-36 4^
44*
’97.
3
E arnings .—For year ending June 30,1899, gross, $59,978; net, after
taxes, 15,259; dividends, $15,215: balance, surplus for year, $44.
President J. Wilson Brown, Baltimore. (V. 65, p. 410.)
A rizon a Sc Utah R y .—Owns McConnico to 3*8 miles beyond
Chloride, Ariz., 25 miles, opened Aug. 18, 1899; trackage, Kingman
to McConnico, 4 m iles; total, 29 miles.
Also under construc
tion, Chloride to White Hills, 25 miles, expected to be completed
during 1900. Stock, $600,000; outstanding Apr. 30, 1900, $467,000; par, $100. Of the bonds $334,000 were issued on first 25 miles,
and balance is to be issued on completion of remaining 25 miles.
The loan is not subject to call as an entirety, but a sinking fund will
retire at 110 (drawings by lot) one per cent semi-annually, commenc
ing June 1, 1903. First coupon payable in 1900. President, F. I..
Underwood; Sec. andTreas., Charles E. Morris. 31 Nassau St., N. Y.
A rk a n sas Sc C h octaw R y .—Projected from Ashdown, Ark., to
Atoka, I. T., about 150 miles. In June, 1899, operated from Ashdown
to Choctaw City (owned), 23 miles; Texarkana, Tex., to Ashdown, Ark.,
trackage 20 miles; Poteau, I. T., to Bonanza, Ark., 19 miles; total, 62
miles. Stock, $1,500,000; par, $100; outstanding Jan. 1,1899, $177,000. No bonds had been issued Jan. 1,1899. For year ending June
30, 1899 (43 miles); gross. 69,719; net, 24,714; total deductions, $352;
dividends, $18,500; balance, surplus, $5,862. Pres., R. H. Keith; Sec.
and Treas., E. E. Riley, Kansas City, Mo.
A rk a n sa s m id la n d R R .—Owns from Helena, Ark., to Claren
don, 50 miles; Pine City to Brinkley, Ark., 24 miles. Mortgage is for
$516,000, but $216,000 can be issued only in case the entire 86 miles
is laid with 56-pound steel rads. Capital stock, $1,625,000 (par $100.)
Dividends paid: In 1895-6, l -348 per cent; in 1896-7, *74 0 . 0.; in
1897-8,1*92 p. c. Loans and bills payable June 30,1898, $2,073.
E arnings.—5 months, >1900...... ........... Gross, $41,527; def., $9,032
Jan. 1 to May 31.
$ 1899................ Gross. 53,453; sur., 6,992
Year 1898-99, gross, $121,970; net, $25,170; interest and taxes,
$16,405; bal., sur., $8,765. President, John J. Horner.—V. 69, p. 1300
A rk a n sas Sc O k la h o m a R R .—Rogers, Ark., to Southwest City.
Mo., 30*% miles, operated in June, 1900; also under construction to
Grand River, I. T., 16 miles. Projected thence westerly into Okla
homa Ter., maxing a total of 175 miles. Stock, $300,000; par $100; all
paid up. President, J. M. Bayless, Bentonville, Ark.—V. 70, p. 632.
A rk a n sa s S ou th w estern R y .—Smithton to Pike City, Ark., 34
miles. A reorganization of the Southwestern Arkansas & Indian
guaranteed by Penn. RR. by endorsement on each bond. Real estate
Territory Ry. sold in foreclosure Mar. 13,1900. V. 70, p. 532, 895.
mortgages, Jan. 1,1900, $510,747.
In June, 1900, the details of the new securities were expeoted shortly
L atest E arnings- 5 mos. ) 1900... .Gross, $1,352,651; net, $394,536 to be arranged. President. Corwin H. Spencer, St. Louis, Mo.; ViceJan. 1 to May 31.
51899___Gross, 1,178,450; net, 429,897 Pres. and Gen. Mgr., J. A. Woodson, Little Rook, Ark. V. 70, p. SOS’
Report for 1899, V. 70, p. 839, showed gross, $3,183,045; net, $1,106,A sh eville Sc Sp artan bu rg R R . —(See Map o f Southern
896; int., taxes, eto., $1,081,631; bal., sur., $25,265.—V. 71, p. 2 7 ,134. Ry.) —Spartanburg June., 8. C., to Asheville Junction, N. C., 66 miles;
A lle n to w n R R .—Toptonto Kutztown, P a.^^m .; Reading system Alston to Spartanburg (formerly Spartan. Un. & Col.), 68 miles.
A lle n to w n T e r m in a l R a ilr o a d .—Owns 3*2 miles o f railroad in The Southern Ry. owns $1,048,000 o f the $1,050,000 A. & S. stook and
Allentown Pa., connecting the East Penn. (Philadelphia & Reading) guarantees the S. U. & C. bonds, which cover entire property. (V. 63, p.
with the Central of New Jersey. Leased for 999 years to Philadelphia & 360.) In year 1898 gross, $452,277; net, $112,589.—(V. 63, p. 360.)
Beading and Central of New Jersey (by assignment from Lehigh Coal &
A sh la n d Coal Sc Iro n R y .—Ashland to Straight Creek Junction,
Navigation Co.) at interest on bonds and 5 p. o. on $450,000 stock (par Ky., 22 miles. Chesapeake & Ohio has trackage over this road. Stock,
$50), bonds being guaranteed, principal ana interest, by Philadelphia & $1,494,500. Of the $4 00,000 1st ref. 4s, $300,000 were issued to retire
Reading (foreclosed) and Lehigh Coal & Navigation. The Phila. & $244,000 7s maturing Aug. 1,1900, etc., balance held for improve
Reading Ry. Co. in 1896 assumed the Reading’s share of the old lease. ments. V. 71, p. 27. Year 1898-99, gross, $111,674; net, $59,780; in
A n n A rb o r R R .—R oad .—Owns road from Toledo, O., north 1897-98, gross, $125,906; net, $61,506. Dividends in 1895-96 4 p. e.; in
westerly to Frankfort, on Lake Michigan, 292 miles; operates car 1896-7, 4 p. c.; in 1897-8,4 p. c.; in 1898-9, 4 p. 0.—V. 71, p. 27.
ferries between Frankfort, Mich., Kewaunee and Maintowoo, Wis.,
A storia Sc C olu m bia R iv e r R R . —Goble to Seaside, Ore., 79
and Menominee and Gladstone, Mich. The Pere Marquette and Cin miles; branch, Warrenton to New Astoria, 2 miles; trackage, Goble to
cinnati Northern use the Toledo terminals. Through friendly inter Portland, 40 miles; total, 121 miles. Stook, $2,000,000; par, $100.
ests controls the Menominee & St. Paul RR., which will provide ter In 1896 made a mortgage to secure $8,000,000100-year bonds, issu
minals for the road at Menominee.
able at $40,000 per mile. Central Trust Co., Trustee. Year ending
Organization .—Successor Nov. 1 , 1895, to Tol. Ann Arbor & Nor. June 30,1899, gross, $168,546; net, *44,160; charges, $146,457; bal.,
Mich., sold in foreclosure in 1895 and reorganized under the Quintard def., $102,297. Pres., A. B. Hammond, Astoria, Ore. (V. 67, p. 426.)
Lawrence p lan in V. 59, p. 782, the Esoanaba Frankfort & 8. E.
(T h e) A tch iso n T o p ek a Sc Santa Fe R a ilw a y .—(See Map) —
being formally absorbed.
The system owned and operated Dec., 1899, comprised 7,355*52 miles
Stock .—Pref. stock certificate in editorial in Supp . Oct. 30,1897, p. 3. of railroad, and embraced an unbroken line of track from Chicago*
B onds, E tc.—The first mortgage (trustee, Metropolitan Trust Co. 111., via Kansas City, Mo., and Albuquerque, N. M., to the Pacific Ocean;
also to Galveston, Tex., and the Gulf of Mexico, the divisions being:
N. Y.) covers entire property, including terminals and freight boats
Floating debt June 30,1899, notes payable $71,002 current liabili Chicago to Kansas City, Mo.. 458 Mojave, Cal., to Stockton___ 303
ties, $254,404; cash and current assets, $337,809.
Kan. City to La Junta, Col... 571 Newton, Kan., to Galveston. 750
La Junta, Col., to Denver,Col. 180 Albuquerque,N.M.,to El Paso 254
E arn in g s .—4 mos., ) 1900................Gross, $697,972; net, $145 2r
,
La Junta to San Diego, Cal.. 1,318
Jan. 1 to May 31. 51899................Gross, 650,42«; net, 196,41
O r g a n iza tio n .—This company was organized on Dec. 12, 1895.
A n n ual R e p o r t .—Report for year ending June 30, 1899, was in ’
under the general laws of Kansas, by the purchasers at foreclosure
69, p. 692 (see also editorial p. 668), show ing: Gross, $1,519,334; ne
sale of the property and franchises o f the Atchison T. & Santa Fe RR.
after taxes, $306,791; interest, $288,803; balance, surplus, $17 98!
Co. in accordance with a reorganization p la n . (V. 6 0 . p. 6 5 8 .)
in 1897-98, gross, $1,415,560; in 1896-7, gross, $1.229,437.
The railway company in July, 1899, owned in fee 2,219 miles of the
D ir e c t o r s .—President, W. R. Burt; G. W . Quintard, J. Edward Sii
system, including the line from Atchison to the western boundary of
mons, Franklin B. Lord, R. C. Martin, H. W. Ashley, John Jacob Asto
Kansas, 471 miles, and also all, or nearly all, the bonds and stocks of
R. D. Murray, Charles Burt, William C. McClure. A. W. Wright. Ami
the various companies in which the title to the other lines is vested. Y.
F Eno. D. C. Tate. (V. 6 2 ,p. 455; V. 68, p. 2 7 8 ; V. 69, p. 6 82.)
68, p. 974. A list of such holdings is in the general mortgage (in V.
A n n a p o lis W a sh in g to n Sc B a ltim o r e R R . —Owns road from 62, p. 732, 733, and successive annual reports). In Deo., 1899, direct
Annapolis to Annapolis Junction, 20^ miles. Controlled by the Balt
ownership of 4,000 miles in all (including lines already owned) wat
& Ann. Short Line, which owns the stock. (V. 64, p. 1223.)
¡¡u : ^ arranged. See Y. 69, p. 1300; V. 71, p. 27.
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July, 1900.]
AND
SANTA FE RAILWAY
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Subscribers w i l l con fer a great fa v or by g iv in g Im m ed iate notice o f a n y error discovered In tbese T a b les.
Bond»—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal, When Due.
Amount
Par
of
When
For explanation of column headings, etc., see notes of
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Whom.
Road. Bonds Value.
Cent.
Dividend.
on first page of tables.
. $100
Atlanta dt Charlotte—Stock (see text)......................... 269
1,000
Pref. M. (old 7s ext. in 1897), see V. 64, p. 286.0* 265*3 1877
1,000
1877
1st M. T
voting power, 10 votes for each bond] cur. r 265*3
500
Income bonds (not cum.) 6s, ext. at 4% in 1900.. _ 1880
1,000
Atlan. Knoxv. tt No. Ry.—1st M., $1,500,000, g Ce 230 1896
1,000
2d M.. ino.. $1.500,000 (trust. R.Est. Tr. Co.,N.Y.) 230 1896
........
....
First M. coup, scrip, Jan., 1900.—V. 69,p. 1145 ....
....
100
86
Atlanta dt West Point—Stock........................................
1,000
1881
Debenture certificates.................................... •
........
1,000
83 1889
Atlantic City—IstM ., $2.200,000,gold ,....G P .xo*
100
....
Atlantic Coast Line CojConn.)—Stock, $30,000,000
Ctf s.of indebt. $6,000,000, int.if e’mèd,non-enm.r . . . . 1897 100 Ac.
100
100
....
Do
com.stock tax exempt (Rich.«fe Pet.ctfs.)
100
100 Ac.
Cheraw < Dari, and Manchester & Aug. bonds..
fe
i.ò o ò
No. East (S.O.). cons. M., g., Flor. to Charlest’n.c 3.02 1883
1,000
Wilm. Col. & Aug., 1st M., (Wilm. to Columbia). 192 1880
1,000
At.C.L.of S.O., gen. 1st M., $8,000,000, g.SHa.c* 674 1898
1,000
59 1881
Petersburg M., class A, gold..................................
1,000
59 1881
Do ~
class B, g., (Petersb. to Weldon).
23 1875 500 Ac.
Richm’d < Petersb., 1st mort. ($24,500 are 7s) ..
fe
1,000
27 1890
Con. M., g.(Riob. to Pet.,etc.)c*.......................
1,000
Wilm. A Wei. gen. M. ($938,000 are4s) SBa.g.*e 468 1885
' ___
100
Certs, of indebt.for div’d in ’ 87,non-cum., in o...
Special trust certificates.......................................
1,000
Yad.Div.,lstM ..g. (San.to Wil.,N.C.<fec.).SBa.c* 177 1899
......
86 1897
Wil. A New Bern, 1st M., gold, assumed.SBa.
1894
Alb.«fe R a l.ls t M„ g.,ass’d(R.Mt.to Plym .)SBa
1,000
1889
iio
Norf. A Car., lstM .,g.(P.Pt.,Va. to Tarb.,N.C.)c*
1,000
2d mortgage, gold. S B a ....................................o* 102 1896
For operating and statistical purposes thesystem is divided as follows:
Miles.
Atchison T. & S. F ........... 4,866-87 Santa Fe Pacific................ 886*55
Gulf Colo. & S. F ...............1,127 81 Southern California, eto.. 486-98
Total of all (less 12-69 miles of joint trackage).......................7,385*52
In December, 1898, acquired at par practically all the $2,462,300
stock o f the San Francisco A San Joaquin Valley By., which line,
completed in Apr., 1900, embraces 374 miles of road and
affords the Atchison an independent connection of its own to San
Francisco. An arrangement made with the Southern Pacific Company
for trackage between Mojave, Cal., and Bakersfield, 68 miles,to connect
the systems, was put in effect July 1,1899, and this mileage was added
to the Santa Fe Pacific Oct. 1,1899. V. 68. p. 426. Saa Francisco &
San Joaquin Valley (Bakersfield to Stockton,Cal., 235 miles), was Incor
porated in the system as a separate operating division on July 1,
1900, upon full operation of line to San Francisco. See V. 67, p. 817,
1206,1261, and official circular V. 67, p. 841; also V. 67, p. 1355; V.
69, p. 649; V. 71, p. 27. In Oct., 1899, acquired entire $2,580,000
stock of Hutchinson & Southern.—V. 69, p. 954. In July. 1900, the
Gulf Beaumont & K. C., it was understood, was about to be acquired.
Stock .—The preferred stock has preference as to dividends and
assets, and entitles the holders to non-cumulative dividends after
-TnTift 30,1896, not exceeding 5 per cent per annum, as declared by the
board of directors out of net profits. No other mortgage and no
Increase in the preferred stock oan be made without the consent of a
majority o f all the preferred stock and of all common stock repre
sented at a meeting. The total authorized amount of preferred stock is
$131,486,000, of which $20,000,000 was reserved. To acquire A. A P.,
Western Division, $9,200,000 of this $20,000,000 preferred stock was
issued in March, 1897, leaving $10,800,000 reserved to acquire other
lines; also $6,846,470 in special trust for improvements, exten
sions, etc. Pref. stock certificates in Supplement of April, 1897, page
3. Common stock authorized, $102,000,000.
D iv id e n d s .— On preferred, 1 p. o., paid Jan. 26,1899; July 20,1899,
1*4 p. o.; in 1900, Feb , 1*2 p. o.; Aug., 2*3 p. c.—V. 70, p. 1148.
B onds .—The Gen. Mort. (A bstract V. 62, p. 731-739, see also V. 68,
p. 974) is to the Union Trust Co of N. Y. as trustee, and gives a lien,
either by direct mortgage or by collateral trust, on the entire system
o f 7,327 miles of railroad owned, together with all the equipment and
terminals owned by the company, and future acquisitions, subject
only to liens on certain equipment for about $500,000; to $1,500,000
o f Chicago < at. Louis RR. Co. bonds (secured by lien on about 150
fe
miles in Illinois), and to the remaining outstanding bonds of certain
controlled companies, amounting in the aggregate to about $693,210.
General mort. bonds oan never exceed $165,490,500, including $96,
990,500 issued in reorganization and remainder issuable as follow s:
<
------- Reserved.------- ,
In 1895.
In 1890.
a To retire guarantee fund notes paid and car trusts at
not exceeding $1,260 for each $1,000 of old bonds... $15,500,000 $3,113,900
b Non- assenting bonds from reorganization o f 1869
($1,600,960, since reduced to $093,210),......................
c Chicago & St. Louis 1st mortgage 0s.............................
For improv’ts, terminals, second track, equip’t, etc.,
under carefully guarded restrictions at not exceeding
$3,000,to o yearly, o f which not over $750,000 for exten
sions ..........
........... .................................................
For acquisition o f Atlantic & Pacific and other lines.......
1,500,000
1,500,000
034,000
1,500,000
30,000,000
22,047,471
20,000,000
8,407 623
The Adjustment Mortgage (A bstract V. 62, p. 739) is to the Central
Trust Co. as trustee. Interest is payable only out of net earnings
for the fiscal year up to 4 per cent and the rate is to be
determined on or before October 15 in each y e a r; interest
was non-cumulative till July 1, 1900, and cumulative thereafter.
Present issue is limited to $51,728,000, but when the $30,000,000 gen
eral 4s authorized for improvements as above have been issued (F e.,
.
not before June 30,1905), $20,000,000 additional adjustment 4s may
be issued for the same purposes at not exceeding $2,000,000 in any one
year, but only by a majority vote of the adjustment bondholders. In
terest—In Nov., 1897, paid 3 p. e.; in Nov., ’ 98 and ’ 99, full 4 p. o.
San Francisco dt San Joaquin bonds, see facts in that oo’s. statement.
G e n e r a l F inances .—The guarantee fund notes due Nov., 1898, were
retired by issue of $10,596,000 general 4s, thereby obviating the
necessity of issuing prior lien bonds. In Mar., 1899, $2,699,000 addi
tional gen. 4s, issued for improvements were listed, in Oct., 1899,
$2,764,000, and in July, 1900, $3,393,OoO, making total listed to date
$133,080,000.—V. 71. p. 83.
In August, 1900, the dividend rate on preferred was increased to the
f un 5 per cent; Earnings for 1899-1900 above interest on adjust
ment bonds, were estimated at over $9,000,000.—V. 70, p. 1148.
L ate st Earnings .—1 1 ( 1899-O.Gross, $42,385,943; net, $17,125,596
mot. July 1 to May 3 1 ,5 1898-9.Gross, 37,293,585; net, 11,715,124
Deducting taxes and rentals, balance for interest in 11 months of
1899-00 was $15,434,803, against $10,176,510.
R e p o r t .—Annual meeting second Thursday in December. Report
for year 1898-9 was given in V. 69, p. 641,648; see also page 619.
Years ending June 30—1899.
1898.
1897.
Miles of road operated... . . . . .
7,033
6,946
6,479
Gross earnings....................... $40,513,499 $39,214,101 $30,621,230
Operating expenses............... 27,606,681 28,506,336
22,867,189
Net earnings..................... $12,906,818
$10,707,765
$7,754,041
$1,700,000
500,000
4,250,000
750,000
1,000,000
1,500,000
117,911
1,232,200
1,232,200
2,200,000
10,000,000
5,000,000
14,980,200
1,000,000
18,390,300
3,000,\i 0Ó
29,000
694,000
1,600,000
5,326,000
868,000
800,000
340,500
300,000
4,000.000
2,500,000
380,000
1,700,000
500,000
500,000
1,320,000
400,000
6 in 1899 M.
4
A.
7 c. J.
4
A.
5 g. J.
5
J.
5
J.
6 in 1900 J.
6
J.
5 g. M.
4*3 in *99 M.
5 our. J.
S. N.Y.Cent.Tr. Co. ,54Wall Mar.6,’0 0 ,3%
Jan. 1, 1907
O.
do
do
Jan. 1, 1907
do
do
J.
do
do
Jan. 1, 1907
O.
D. N. Y ., Man. Co., 40 Wall. Dec. 1, 1946
Jan. 1, 1947
A J. New York, if earned.
At Co.’s option
A J.
July 10, ’00, 3
Atlanta, Ga.
A J.
do
do
Co’s option.
A J.
A N. Phila.,Read. Ter. Bldg. May 1, 1913
M’r l0 ’00,2*3%
< S.
fc
Baltimore.
& D. In 1898 paid 5 p. 0. Irredeemable.
A
A
A
A
A
6 in 1899 J. A J.
5 g6 g.
6
4 g.
5 g68
6 A 74*3 g.
4g. A 5 g .
7
6
4 g.
4 g.
4 g.
5 g.
5 g.
semi-an.
J. A J.
J. A D.
J. & J.
J. & J.
A. A O.
M. & N.
A. A O.
J. A J.
A. A O.
M. A N .
J. A D.
F. A A
J. A J.
A. A O.
J. A J.
Richmond, Va.
June, ’00, 3%
Ch’ston. People’s N.Bk.
N. Y., Cuyler M. A Co.
New York A Baltimore.
Balt., Safe D. A Tr. Co.
Richm’ d and Petersb’g.
do
do
Richmond, Office.
N. Y., Brown Bros.
N.Y.,Balt. and Wilming.
do
do
Wilmington, N. C.
Balt., S. Dep. A Tr. Co.
S. D. & Tr. Co.,Balt’m’e
S. D. A Tr. Co.,Balt’m’e
N. Y., Central Trust Co.
Balt. Safe Dep. ATr. Co.
1938 A 1943
Jan. 1, 1933
June 10,1910
July 1, 1948
July 1, 1926
Oct. 1, 1926
May 1, 1915
Apr. 1, 1940
July 1, 1935
Irredeemable.
1937
June 1, 1943
Aug. 1, 1947
Jan. 1, 1944
Apr. 1, 1939
Jan. 1, 1946
1897-98.
1898-99. |
1897-98.
189^-99.
Net earnings.... $10,707,765 $12,900,818 Taxes, eto........... $2,007,210 $1,726,282
Other income....
182,028
249,485 I Interest............. 7,045,988 7,241,972
Net Income....$10,889.793 $13,150,253 | Bal., surp............. $1,830',589 $4,187.999Surplus for year to June 30,1898 ......................................... .............
226,494
Total surplus June 30,1899......................................................
... $4,414,408
Dividend on preferred stock.............................................................. (1^)1,427,071
......................
2,987.422
Balance, surplus for year...................................
Off icers .—Aldaoe F. Walker, Chairman of the Board ; E. P. Ripley,
President; E. Wilder, Secretary and Treasurer.
Of f ic e .—59 Cedar St., New York.—V. 70, p. 1289; Y. 71, p. 27, 83.
A tla n ta Sc C harlotte A ir L in e R y , - (See Map Southern Railwap System.)—Owns Charlotte. N. C., to Atlanta. Ga., 269 miles.
The operating contract of 1881 (made with Richmond A Danville)
was assigned to and aocepted by the Southern Ry. Co. It requires
the payment of interest on At. < O. debt and 5 p. c. on stock ; if gross
fc
earnings exceed $1,500,000, dividends to be 6 per ce n t; and if they
exceed $2,500,000, 7 per cent.
D ividends , > 1881 to 1889. 1890.
1891 to Mar., 1900, inclusive.
Per cent— j 5 yearly.
5*3
6 yearly (M. «fe S.)
E arnings.—April 1 to Jan. 31 (10 months), gross, $2,020,591 in
1899-00, $1,513,665 in 1898-‘99. For year ending March 31,1899,.
gross, $1,890,179. Pres., C. S. Fairchild, N. Y .- ( V . 70, p. 632.)
A tla n ta K n o x v ille Sc N orthern R y .—R o ad —Owns from Knox
ville, Tenn., to Marietta, Ga., 205 m iles; and Murphy to Blue Ridge,
25 miles; trackage, Marietta, Ga., to Atlanta, Ga., 20 miles.
H istory .—A reorganization per plan in V. 62, p. 1040, of the Marietta
< North Georgia, foreclosed. Stock, $3,000,000. First mortgage bonds
fe
for $500,000 in treasury June 30,1899; bills payable, $10,150.
E arnings.—5 months, (1909............ Gross, $163,854; net, $34,273
Jan. 1 to May 31.
(1899.............Gross, 146,682; net, 25,010Report for year ending June 30,1899, V. 69,p. 1145, showed: Gross
$352,952; net, $72,660; other income, $15,803; total deductions, $63,335; balance, sur., $25.128. In 1897-8, $328,092; net, $93,341.
Officers .—Pres., H. K. MoHarg, 40 Wall St., N. Y. Y. 70, p. 4 2 7
A tla n ta Sc W est P o in t R R . —Atlanta, Ga., to West Pt., Ga., 86 m.
Ga. RR., June 30,1898, owned $494,500 stock and $388,900 deb. cert.
A belt line around Atlanta, being built in the interest o f the com pany
by the A. A W. P. Belt line, is to be completed in the summer of 1900.
D ividends begun in 1855 were for many years 8 percent per annum.
From July 1, 1884, to July, 1900, inclusive, 6 per oent yearly, J A J;
Oct. 1,1899, 25 p. o. extra (V. 69, p. 590).
E arnings.—11 months, (1899-0........ Gross, $655,386; net, $256,747
July 1 to May 31.
(1898-9........ Gross, 561,164; net, 224,642
In 1898-9 gross, $606,664; net, $238,128; other income, $7,796}
charges, $170,781; dividends, $73,932; surplus, $1,211. In 1897-8,
gross, $575,259; net, $227,496.—(V. 65, p. 1172; V. 69, p. 590.)
A tla n tic City R y .—Camden to Atlantic City, 57 m. (double track);
branches, 33 m.; leases 8ea Coast RR., Winslow Junction, to Cape
May, N. J., Sea Isle City, Ocean City, etc., 77 miles; total, 167 miles.
Stock , common, $1,200,000; preferred, $1,000,000 (par, $50), of
which $1,195,000 common ana $998,550 preferred are deposited
under Reading Co. general mortgage of 1897.—V. 66, p. 761.
A tla n tic Coast L in e C o.—This company, organized May 29,
1889, under the laws of Connecticut, owns a majority o f the capital
stock and a large amount of the bonds in a system of railroad com
panies denominated for convenience the Atlantic Coast Line System.
The system includes about 2,278 miles as follows in addition to a iin.it
interest in lease of Georgia RR. system (615 miles) acquired in July,
1899, from the Louisville A Nashville. V. 69, p. 385, 591, 748.
Company—IfSee this Co. Miles.
Company—
Miles.
Richm. Fredkb. < Potomaoff.. 86 Chas. & Western Carolina If.. 342
fe
Atlantic Coast Line RR.If 1760 Other lines.......................... .
50
Central South Carolina U.......... 40
if See this company.
Stock .—As to rights of certificates of indebtedness see editorial,
October, 1897, Supplement , page 3.—V. 65, p. 564. 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.
D ivid end s —1895,1*3 per cent; 1896,3; 1897,3*3; 1898, 4 and 100
per cent in stock; in 1899, 4*e p. e.; 1900, Mar.. 2*a p. o.
Securities Ow n e d .—May 28, 1897, stocks $7,403,032, bonds
$2,206,000; other bonds, $518,441. (List V. 65, p. 564;) V. 69, p. 1192.
A tla n tic Coast L in e R R .—Operates an extensive system extend
ing from Richmond and Norfolk, Va., on the north to Wilmington, N.
C., Charleston, S. C., and Augusta, Ga., on the south, with numerous
branches, inclu fling:
Lines owned.
Miles.
Lines owned.
Miles.
Richmond, Ya., to Charleston,
Branches, eto..................... 793
SC
• .......
»
,
394;
Leased— .
Norfolk, Va., to South Rocky
Central RR. of S. Carolina—
Mount........................................ 115
Lane to Sumter, S. C..........
42
Contentnea to W ilmington___105 Other lines..........................
12
Florence, S. C., to Robbins.......138
Trackage—
Sumter to Columbia.................... 43 Robbinsto Augusta, Ga., etc.
31
Wilmington, N. C.,to Sanford.116
T ota l....................... .......... 1,789
BONDS.
AND
STOCKS
RAILROAD
J u l y , 1900.}
1 2
INVESTORS’
SUPPLEMENT.
[VOL. L X X I.
S u b scrib ers w H l c o n fe r a g rea t fa v o r b y g iv in g Im m ed ia te n o tic e o f a n y e r ro r d is co v e r e d In tb ese T a b les.
1
Bonds—Print iRAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal.When Due.
Par
Stocks—Last
For explanation o f column headings, &c., Bee notes
of
of
__________
on first page of tables.
Dividend.
Whom.
Road. Bonds Value. Outstanding Cent. Payable
Atl. ADanv.—lstM.,g.,$4,425,000,int.rental.Me.c* 278
Atlantic A No.Oarolvna—Stock, $1,800,000.............
1st mortgage, $ 3 2 5,0 0 0 ..M eB a ............................
Atlantic A St. Lawrence—Stock, 6 %
rental Grand Tr’k 150
Allan. 8 . Riv.A G.—1st M.g.,s.f.,$8,000p.m.,red.110
Atlantic Valdosta A W.—1st M.,g., red. atllO.Ce.o* 115
Augusta A Savannah—Stock 5% rental Central G a..
53
Augusta So.—1st consol. M .,go.,gu.,p.Ai.end.Ce.xc
85
Austin A Northwestern—1st mort.g.,gu.p, Ai.Ao*<fcr 103
Avon Geneseo A Mt. Morris RR.—Stock (see text)...
Bald Bogle Valley—Stock, $2,600,000.......................
1st M. orig. $400,000 (s. f., drawn at 100).. .F P x r
93
Baltimore A Annap.S.L.Stodk, common...................
1stM. $400,000, g., subj. to call at 110..,..M e B a *
28
Baltimore Chesapeake A Atlan.—1st mort., gold Ac*
87
Ball. A Cumb Val. Ry.—1st mort., interest rental.
3
Balt. A Cumb. Val. RR —1st mort., interest rental
5
Balt. A Cumb. Val. RR. Bxten. Stock, 7 p. c.,guar.
1st mortgage, interest rental..................................
27
Baltimore A Harrisburg RR.—Mortgage, gold...c*
32
IstM . West. Ext. ($16,000 p. m.), gold, guar.. .c*
15
B a ltim o re •& Ohio —N e w Se c u r it ie s O utstand ING.
Common stock, authorized $45,000,000...............
Pref. stock, 4 p. o., non-cum, auth. $60,000,000..
Prior lien mort., gold, not subj. to call. Me..c*&r 1,017
1st mort., gold, red., at 105 after 1923.Us..c*<fcr 570
Southwest’n Div. IstM ., $45,000,000, g.F..e*&r 921
Pitts. Jc.AMid.Div. ($20,000,000) lstM.g.Ce.c*&r 376
1900 $1,000 $3,175,000
4 g- J. A j N.Y., Mercantile Tr. Co. July 1. 1948
100
1,797,200 2 in 1899
Check from Co.’s office. Sep. 15,’99.2%
1,000
325,000
1887
6
J. & j . Balt.,Nl.F’rm’rs’ AP.Bk July 1. 1917
£&$100 5,484,000
6
M. A 8. London and Portland. Mch.,1900,3%
1,000
Jan. 15, 1945
1895
200,000
Jacksonville, Fla.
5 g- J. A J ./Ï
1,000
1899
1,261,000
5 g. M. A 8. N. Y., Central Trust Co. Mar. 1, 1939
p io o
July 5, ’00, 2ia
1,022,900
Savannah, Ga.
5
J. A J.
1,000
1894
n400,000
5 g. J. & D. N. Y ., J.P. Morgan A Co. Deo. 1, 1924
1,000
1891
1,920,000
.
5 g. J. A .T N. Y., Cent. Trust Co. July 1, 1941
100
July 1, 1900
225,000 2ia to 313 J. & J. New York, Erie RR.
50
Feb. 1, ’00,5%
1,535,000
10
F. A A.
1,000
1880
324,000
6 our. F. A A. Phila.,F.Ins.Tr.AS.Dep. Jan. 1, 1910
100
July 2, ’00, 3%
358,000 6 in 1900 J. A J.
Baltimore.
1,000
1898
325,000
5 g* J. A D. Balt., A. Brown A Sons Deo. 1, 1923
1,000
1894
1,250,000
M. A H Phila., Broad St. Btat’n. Sept. 1, 1934
.
5 g.
1879
48,500
6
J. A J. Balt., Hillen Station. July 1, 1929
July 1. 1929
1879
72,800
6
do
do
J. A J.
......
July 1, ’ 00, 3ia
270,000
7
J. A J.
do
do
July 1, 1931
1881
230,000
do
do
6
J. A J.
1,000
1886
6b 0,000
5 g- M. A N. Baltimore, Co.’s Office. Nov. 1, 1936
1,000
May 1, 1938
1888
240,000
do
do
5 g. M. A N.
1898
1898
1899
1898
100 42,500.000
100 59,227,000
500 Ac. 69,798,000
500 Ac. 65,963,000
500 &c. 40.990,000
500 Ac a l 1,293,000
3ia
4
3ia
3ia
g.
g.
g.
g.
A. A O. Co.’sOffice,2Wall8t.N.Y Apr. 2, ’0 0 ,2%.
July 1, 1925
do
do
ir
July 1, 1948
do
do
July 1, 1925
do
do
1
Nov. 1, 1925
do
do
IT Coup., J.-J.; reg., Q.—J.
§ Coup., A.-O.; reg., Q.-J.
* Coup., M.-N.; reg., Q.-F.
a Amount listed July, 1900; $3,707,000 additional issuable per plan to retire underlying bonds.
Org an ization —.Originally the Atlantic Coast Line of Ya. (change of
name being authorized in Jan., 1900); in April, 1900, absorbed by
consolidation (per plan Y. 70, p. 840, 893) the following allied prop
erties : Wilmington & Weldon RR., South Eastern RR., Atlantic Coast
Line railroads o f South Carolina and Virginia Norfolk & Carolina RR.
The Atlantic Coast Line Co. (of Conn.) owns a majority of the stock.—
V. 70, p. 893.
Securities .—Of the new securities there were issued $3,000,000
certificates o f indebtedness, $18,390,300 preferred and $14,890,200
common stock, in exchange for shares of the constituent companies.
The $1,000,000 Atl. Coast Line RR. of Va., class A, tax-exempt stock
was assumed as so muoh of the common stock of the new company.
The A. O. L. o f So. Car. 4 per cent general mortgage o f 1898 Is for $8,000,000, the Baltimore Safe Deposit & Trust Co. being trustee. Ot the
authorized issue, $709,000 were on Jan. 10,1899, reserved for im
provements, extensions, etc, and the balance unissued ($3,490,000) to
retire, $ for $, at or before maturity, the underlying bonds.
E arnings .—The combined earnings of the properties consolidated
for years ending June 30 were:
Tear end. Gross
Net over
Other
InU and
Balance,
June SO. earnings.
taxes.
income.
rentals.
surplus.
1898-9..$6,226,457 $2,454,589 $169,048 $1,082,264 *$1.542,371
...................................
........
1897-8.. 5,862,163
2,249 753
*From whioh were paid dividends, $853,817, leaving $687,555.—V.
70, p. 840, 893.
A tla n tic & D a n v ille B y .—(See 1
Map Southern B y .) —West Nor
folk, to Danville, Va., 205 miles, three branches, 22 miles; James River
Junotionto Claremont (3 feet gauge) 51 miles; total, 278 miles. Leased
to Southern Ry. from Sept. 1,1899, to July 1,1949, for taxes, repairs,
maintenance and cash rental sufficient to cover interest charges and
for five years ending June 15, 1909, $31,000 annually in excess
thereof; for remainder of term, $61,000, with privilege of renewals
for terms o f 99 years. In addition the Southern Ry. agrees to pay the
same rate o f dividends on the common stock as may at any time be
paid on its own common stock.
Stock .—Common, $2,180,800; pref., 30,992 shares, par originally
$100, but reduced in 1900 by payment from proceeds of sale of bonds
at about 90. See below.
D iv id e n d s .—On preferred 1 p. c., 1897; 1898, Sept. 1 ,1 p. c ; 1899,
Sept., 1 p. o. For dividends under lease to Southern Ry. see above.
B onds .—Of the $4,425,000 fours of 1900 $500,000 can be issued only
for improvements, balance to retire the $1,238,000 5s June 29,1900,
and to partly retire the preferred stock. The first issue is $3,175,000.
—V. 70, p. 1148.
In 1898-99 gross, $596,900; net, $160,245. Report for 1897-98 was
in y. 68, p. 184, showing : gross, $564,751; net, $159,353; interest.
$61,900. (V. 68, p. 1 8 4 ; V. 69, p. 491,1246; V. 70, p. 1148,1194).
A tla n tic & L a k e Superior B y .—In Apr., 1900, operated Metapedia, Que., to West Paspebiac, 98 miles; owned St.Grégoire to Nicolet,
7 m.; St. Francis to Yamaska, 6 m.; Yamaskato Sorel, 10 m.; Lachute
to St. Andrews, 7 m.; total, 128 miles. Also under construction, West
Paspebiac to end of wharf, 4 m.; Paspebiac Juno, to Port Daniel, 21 m.;
Pierreville to Nicolet, 15 m.; St. Grégoire to Chaudière Juno., 67 m.;
total, 107 miles. Extension proposed in 1899 from St. Francois du
Lao to Levis, Que., 89 miles, of which 7 built and 23 graded in March
1899. Extension also proposed from Paspebiac, Que., to Gaspe, 8o’
miles. Portions o f the road aggregating 72 miles were to be sold bv
the Sheriff of Bonaventura Co., Quebec, on July 19,1900.—V. 70 p
1148. Stock authorized, $ 10,000,000; par, $100. Bonds, $20,000 000
4s, none issued to April, 1900. President, Hon. J. R. ThibaudeauSec., Edgar N. Armstrong, Montreal, Que.—V. 68, p. 329; V. 70, p. 1148
A tla n tic & N orth C arolin a B B . —Morehead City to Goldsboro"
K. O., 95 m. State of No. Car. owns $1,266,500 of the $1,797,200 stock!
D iv id e n d s .— ) 1892. 1893. 1894. 1895. 1896. 1897. 1898. 1899
Per cent. >
2
2
2
0
2
2
2
2
E arn in gs .—F o r year ending June 30,1899, gross, $185,749; net.
$79,040; charges, $42,304; dividends, $17,972.—V. 68, p. 472.
A tla n tic V a ld o sta & W e ste rn B y .—(See M ap.) Valdosta, Ga..
to Jacksonville, Fla., 115 miles; opened for through operation Julv 1
1899; extension proposed from Valdosta to Albany, Ga., 75 miles!
Road runs through a timber section, and makes a short route from Val
dosta to Jacksonville, Fla. Uses Jacksonville Terminal Ry in which
one-fourth interest was acquired in July, 1900. V. 71, p 134
A t Valdosta connects with Ga. Southern & Fla. RR. and Sav Fla A
West. RR.; at Haylow with Sav. Fla. & West; at Crawford with l i a
Cent. A Penin.; at Jacksonville with Jacksonville A Southwestern'
Fla. East Coast, F. C. A P., Plant System and Clyde Company ocean
and river steamers.—V. 68, p. 1022.
St o c k and B onds .—Stock authorized, $1,750,000 each of com
mon and preferred; outstanding, common, $1,000,000; preferred
$500,000. Par of shares, $100 each. Mortgage is for $5,000.000 to
retire the $711,000 old 5s, extensions, etc. (V. 68, p. 1022).
’
E arnings.—From March 1,1898, to June 3 0 ,1 8 9 9 ,16 months gross
$105,024 ; net, $64,944. Fixed charges and taxes, $45,205. Surplus’
$19,738. Gross earnings June 30,1899, to June 30,1900. $192 719’
against $80,484 same period in 1898-9.
’
’
Financial agents and transfer agency, G. S. Baxter A Co., 18 Wall St.,
N. Y. Gen’l office, Valdosta, Ga. Operating office, Jacksonville, Fla.
—V. 71, p.134.
A u g u sta A Savan n ah B B . —Millen to Augusta, Ga., 53 miles,
In 1895, re-leased to Cen. of Georgia at 5 p. c. on stock.—V. 61, p. 239.
A u g u sta Southern B B . —Owns from Augusta to Sandersvllle,
Ga., 80 m. (standard gauge), and Sandersvllle & Tennille RR., 4 miles.)
Leased in March, 1897, in perpetuity to the South Carolina A Georgia,
which guarantees the bonds, principal and interest, by endorsement.
(V. 64, p. 468.) In April, 1899, the Southern Ry. obtained control o f
and leased the South Carolina & Georgia, the lease of the Augusta
Southern passing with it. See V. 63, p. 873. Common stock, $400,000; pref., $350,000; par, $100. For year 1897-98, gross, $97,267:
net, $22,079. -(V . 67, p. 528.»
A u stin A N orth w estern B B . —Owns from Austin to Llanor
Texas, 99 m.; branch, Fairland to Marble Falls, etc. ,8 m. In May, 1899,
consolidation with Houston & Texas Central was authorized. V. 68, p.
1024. Stock, $1,016,000; par $100; Southern Pacific Co. owns $1,008,000 stock and guarantees the bonds. Land grant was 600,000 acres.
Year 1898-99. gross, $151,181; net, $15,727.
A v o n Geneseo A ¡Tit. M o r r i s B B . —Mt. Morris to Avon, N. Y..
18 miles. Leased to Erie RR. Feb. 26,1896, in perpetuity at 2*2 p. e.
on stock for 4 years from Jan. 1,1896, 3 p. o. for 1 year more and 3 ^
p. o. thereafter.—(See V. 63, p. 512; V. 62, p. 318, 589.)
B a ld E agle V a lle y B B . —Owns from Vail Station, Pa., to Lockhaven, Pa., 51 miles; branches to Sugar Camp, etc., 42 Tniiea.
Leased to Penn. RR. Co. for 99 years from Dec. 7, 1864. Rental, 40
per cent of gross earnings. Rental 1899, $190,049; other inoome,
$6,118; int., taxes, etc., $64,229; dividends (10 p. o.), $140,625; bal.,
paid out of sur., $8,687. Rental in 1898, $158,847. PennsylvaniaRR.
Jan. 1,1900, owned $706,250 stock.—V. 66, p. 708.
B altim ore A A n n a p o lis Short L in e B B . —Owns road from
Cliffords to Annapolis, Md., 23 miles. In 1897 acquired control o f
Annapolis Washington A BaltimoreRR. Co., owning 3,575 out o f 3,580
shares of its stock, all pledged under the mortgage. Common stock
issued $358,000; there is also $500.000 of preferred stock authorized.
Dividends—In 1898, Jan., 3 p. c.; July. 3 p. c.; in 1899, Jan., 3 p. c.i
July, 2 p. c.: 1900, Jan., 3 p. o.; July, 3 p. c. For year to June 30.
1899. gross, $78,680; net, $23,774; oth. ino., $15,320; int. on bonds.
$19,779; div., 6 p. o., $17,900; surplus for year, $1,415.—V. 67, p. 1159.
B altim o re Chesapeake A A tla n tic B y .—Owns Claiborne to
Ocean City, Md., 87 miles; branch, 1 mile; total, 88 miles; from Clai
borne to Baltimore, 42 miles, transforms made by water. On Jan. 1
1900, the Pennsylvania RR. owned $540,000 bonds, $250,000 common
and $167,050 preferred stock. V. 69, p. 541, 590. A reorganization in
1894 of|the Balt, A Eastern Shore, sold Aug. 29,1894 (V. 59, p. 371),etc.
Sto ck s .—Pref., $1,500,000 5 p. o. cumulative; common, $1,000,000.
A nnual R eport .—Report for year ending August 31, 1899, was
given in V. 69, p. 1009, showing, gross, $607,470; net, $148,053; ch’ges.
$62,500; bal., surp., $ 85,553.—(V. 69, p. 541, 590, 1 0 0 9 .)
B a ltim o r e A C u m berlan d V a lle y .—See Western Maryland.
B altlm o refA H a r r isb u r g B B . —See Western Maryland.
B a ltim o re A L eh igh T ty.—Narrow Gauge.—Baltimore to Cardiff
Md.,43 m. Stock, $850,000; par, $100; issued, $843,500. Standardgauging of road. completed about July 1, 1900. No securities win be
issued therefor. V. 70, p. 278. First dividend, 2 ^ p. c., paid Mav 31
1900.- V . 70, p. 995.
« jo * ,
E arnings —For 11 mos. ending May 31, 1900. gross, $136155
against $124,982 in 1898-9; net, $43,067, against $30,492. Year end
ing June 30,1899, gross, $135,389; net, $32,130; charges, $10.812surplus for year, $21,318.—V. 70, p. 1194.
B a ltim o re A Ohio B B . —( See Map) .—R oad .—Operates from Balti
more to Philadelphia and Baltimore to Chicago, and has, via the Balti
more & Ohio S. W., a direct route to Cincinnati and St. Louis, the total
mileage leased, owned and operated (excluding the Balt. A Ohio South
western) being in July, 1899, 2,047 miles, of which 774 miles are west
and 1,273 miles east of the Ohio River. The “ Royal Blue Line” (see
Central RR. of N. J.) give the road access to New York, near which on
Staten Island, it has freight terminals. See 8 . 1. Rapid Transit
When the pending reorganization of the branch lines is completed
the B. & O. will own and operate about 3,600 miles of roads, subject to
the several mortgages, as follows •
Prior U
“n
M.—(1,017 miles) Miles.
Pitts. June. 3 Af.—(384 miles)Miles
Balt, to Wheeling, Belpre, O., etc. ..683
Pittsburg Division (east o f Pitts.)..334
1st M. £%
.—(670 miles)
Baltimore to Philadelphia and brs.118
Chicago, 111., to Akron 0 ................. 369
Branches to Fairmount.W.Va., etc. 93
Bell aire to Midland City, O....... >
Shawnee to Sandusky, O...........f
Pittsburg Junction R R ,...............
Other Line.»—
7
Staten Island Rapid Transit........
24
West Virginia & Pittsburg........... 159
aouth W . Din. 3%% M .—
Pittsburg & Western..................... 343
Belpre, O., via Cincin. to St. L., etc. 921 Mononvahela River RR................ 31
Clev. Terminal & Valley.............
75
Total o f all (adding Baltimore Belt and other lines)..................................3 000
H isto r y .—Receivers were appointed in February, 1896, but on July
1,1899, the road proper was returned to the company, the reorganiza
tion plan (in V. 66, p. 1235,) having been consummated without fore
closure and the road and equipment vastly improved in physical con-
BONDS.
AN D
STOCKS
KARROAD
1900.}
July,
14
INVESTORS’
SUPPLEMENT,
|Vo l . u r n ,
Subscribers w ill con fer a great fa v o r b y g iv in g im m ed ia te notice o f an y error discovered in tbese T a bles.
Honda—
Princi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or Amount
pal, When Due.
Par Outstanding Rate
of
For explanation o f column headings, Ac., see notes of
When Where Payable, and by Stocks—Last
Road. Bonds Value.
Whom.
on first page of tables.
Per oent. Payable
Dividend.
Baltimore <t Ohio—( Concluded)—
B onds U nderlying P rior Lien 3*sb—
Loan, 1853, extended in 1885, gold
................. 380 1853 $500Ac.
1,000
N. W. Virginia RR. 1st M. (ext. In 1888) assum...o 104 1855
1,000
Pitt. ACon.,1st M.,ext. in 1896 in gold.................... _ 1868
B onds U nderlying Southwestern D iv . 3*88.
1,000
1889
B. A O. S. W. RR., 1st M., gold, $10,667,000.. o* 281
Ohio A Mississippi, all issues...............................c* 393 68-’91 1,000
B onds Underlying P ittsb . J unc. A Mid . D IV. 3 *8 s.
1,000
Oent.Ohio,$2,500,OOO.con. 1st M. (now 1st lien) g.o 137 1886
1,000
Sand. Mansfield A Newark, $2,300.000,1st M.c* 116 1869
Col. A Cincinnati Midland, 1st mort., $2,000,000
71 1884 1,000
1,000
7 1882
Pittsb. Junction, 1st mort., $1,400,000, g o ld ..o ’
1,000
1894
2d mortgage, $300,000, gold............................c*
.........
....
Pittsb. Jo. Term., 1st M., $500,000, g., gu. p. A i. . . . .
L eased Lines, E tc., Securities .
1,000
Baltimore A N. Y. RR., 1st mort., gold, guar.o&r 5*s 1889
•Clevel’d Terminal A Valley—See that oompany.
32 1889 1,000
Monong. River RR., 1st M., g., gu. B. AO., Ce.c*
1,000
Coal M., $1,500,000, g., s. f. not gu., red. at par _ 1895
Pitts. Olev. A Tol.—Pitts. A West.—See those cos.
11 1886 1,000
Schuyl. R. E. S. RR. 1st M., g., subj. to call (text)
1,000
« . L Rap. Tr., 1st M., $1,000,000, g „ $ or £....© * All. 1883
1,000
2d mortgage, gold, guar., $2,500,000............ c* All. 1899
1,000
13 1893
43.1. Ry., 1st mort., $ 1,000,000, g o ld ... -M e..o*
W . Va. A P., 1st M. g. 5s, scaled; subj. to call..o* 159 1890 1,000
B. A O. E quipment Obligations—
1890 1,000
Equip, trust, 8er.B.,$200,000 due y’rly Nov. 1. .o*
Car trust (extended in 1897 for 3 years) M e . B a .
1887 1,000
All other equipment obligations June, 1899.......
Balt, a Potomac—1st M.(tun.) gold, s. f., not dr’nx.o* 'ii* 1871 1,000
1st M., road, guar., gold, sink.fd., not drawn..xo*
90 1871 1,000
ditlon. All direct obligations, exoept those shown in the table, were
either declared due and payable per order of Court and discharged, or
exchanged for new securities (see V. 69, p. 25,30, and V. 68, p. 1022.
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,
mortgage of 1893 having been foreclosed. In January, 1900, new se
curities were issued under tne plan of reorganization o f the Cent. Ohio
and other leased lines. V. 67, p. 688,1109,1206,1356. In Deo., 1899,
acquired substantially all the stock of the Monongahela River KR,,
Fairmont to Clarksburg, W. Va., 31 miles. V. 69, p. 1345.
N e w P a r t ie s I n terested . —In 1898, James J. Hill, President of
the Great Northern Ry., and others, acquired a heavy interest in the
property. See directors below. V. 67, p. 577, 632. In Deo., 1899,
Pennsylvania interests acquired a large block of the stock, and in
Jan., 1900, S. M. Prevost entered the directory as the official repre
sentative of the latter system:—V. 70, p. 229.
St o c k .—Authorized issues: Common, $45,000,000; pref, 4 p. o. noncumulative, $60,000,000; outstanding, see table above and “ General
Finanoes.” Common stock, it was stated, is entitled to all dividends
-above 4 per cent on preferred.
V o ting T ru st .—Both classes of stock o f the new oompany will be
vested in the following five voting trustees for the period of five years:
William Salomon, Abraham Wolff, J. Kennedy Tod and Louis Fitzger
ald. The voting trustees, however, in their discretion, may deliver
the stock at an earlier date.
B onds .—The bonds authorized are as follow s:
(1) Prior Lien 3 *2%, a first lien on main line and branches, Parkers
burg branch and Pittsburg division, in all about 1,017 miles of first
track, and about 964 miles of second, third and fourth tracks and sid
ings, and also all the equipment now owned of the value of 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 of the
properties covered. See application to list, V. 69, p. 30.
(2) First Mortgage 4 p er cent Gold Bonds, Due July 11048 , but subject
to ««•**, in whole or in part, after July 1, 1923, at 105; a first lien on
the Philadelphia, Chicago and Akron divisions and branches and the
Fadrmount Morgantown & Pittsburg RR., covering about 570 miles of
first track and about 332 miles of second, third and fourth tracks and
hidings: also on the B. A O. Terminal property and the Baltimore Belt
br
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
Of which to retire prior lien bonds in 1925.....................
75,000,000
O f which issued or issuable for reorganization purposes.
56 ,000,000
For the enlargement, betterment or extension of the
properties covered by 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 $1,000,000 a year thereafter........................
27,000,000
7,000,000
Reserve for new company, all issued (V. 71, p. 83).......
(3) Southwestern Division 1 st Mortgage 3*3 per cent gold
bonds,due 1925, and bearing interest from Jan. 1,1899.
To be ultimately a first lien upon the properties consti
tuting the B. A O. Southwestern RR. system, or the
securities representing the same, covering about 921
mil ah o f first track and about 305*2 miles of second
track and sidings, and also all of the equipment now
owned by the B. A O. S. W. Ry. Co., or subsequently
acquired with the proceeds of these bonds. Total issue 45,000,000
O f which to be Issuable only at the rate o f not exceed
ing $1,000,000 per year for the enlargement, better
ment or extension of the properties covered by lien ...
5,000,000
O f which in partial exchange tor old bonds.....................
35¿¡40,080
Sold to syndicate for cash requirements..........................
4,450,020
(4) B. & O. Pittsburg Junction d Middle Division 3*2 per oent gold
k
bonds to be due 1925 and to bear interest from Nov. 1,1898. Ex
pected to be ultimately a first lien upon the railroads of 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 two years and
thereafter at the rate of not exceeding $500,000 per
year, for the enlargement, betterment or extension of
the properties oovered by the first mortgage................
5 ,000,000
O f winch in partial exchange ior old bonds.....................
10560,000
Sold to a syndicate for cash requirements.......................
4,000,000
Balance for contingencies....................................................
431,000
Note.—For the underlying bonds still outstanding |in July, 1900, see
table above. The underlying stocks still in the hands of the public
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.
L eased L in es .—Schuylkill River East Side bonds, stamped [V. 68,
«> 40], and treated as follow s: The road is leased at a rental equiva
lent to interest at 5 p. 0. on the existing bonds, bht the new oompany
a,aa the right to purchase all the Schuylkill bonds at 110 and
accrued interest at any time after Dec. 1, 1900, and prior to Deo. 1,
1.903, on 30 days’ notice. I f not so purchased, the oompany will
$125,500
132,000
71,000
N. Y., Speyer A Co.
4 g. A. A O.
Oot. 1, 1935
6
J. A J. Baltimore. B. A O. RR. Moh. 1, 1902
4 g. J. A J. N. Y ., Vermilye A Co. July 1, 1946
37,000
58,000
4*3 g. J. A J. N. Y., Farmers’ L. A Tr. Jan. 1, 1990
4 to 7 Various
do
do
1905-1947
1,118,000
638,000
9,000
959,000
270,000
219,000
4 *3 g.
7
4*3
6 g.
5 g.
5 g.
M.
J.
J.
J.
J.
A.
A
A
A
A
A
A
S.
J.
J.
J. N.Y.,N.Oity Bk. A Pitts.
J.
do
do
O.
Pittsburg.
Sept.
Jan.
Jan.
July
July
Oot.
1,
1,
1,
1,
1,
1,
1930
1909
1939
1922
1922
1907
350,000
5 g- M. A N. N.Y., J.P. Morgan A Co. May 1, 1939
700,000
1,500,000
5 g. F. A A. N. Y. Central Trust Co. Feb. 1, 1919
5 g. J. A D. Balt., Am. Bond’g A Tr. Deo. 1, 1945
4,500,000
1,000,000
2,500,000
511,000
4,000,000
5 g.
6 g.
4 g.
4*ag.
d g.
200,000
250,000
450,000
1,500,000
3,000,000
5
M. A N. Phlla., Fin’ce Co. of Pa. Nov. 1, 1900
5 g. J. A J.
Baltimore.
1900
J.
A.
J.
J.
A.
A
A
A
A
A
D
O. N. Y., foot Whitehall St.
J.
do
do
D.
New York City.
O.
Deo.
Jan.
July
June
Apr.
1,
1,
1,
1,
1,
1935
1913
1904
1943
1990
6 g. j . ' a ' j . Balt. Office and London. July 1, 1911
do
fio
6 g. A. A O.
Apr. 1, 1911
assume the ultimate payment of the principal when due. V. 69, p. 1063,
The Staten Island Rapid Transit property was sold under foreclosure
in April, 1899, subject to the $1,000,000 first 6s, part of whloh were
purchased for the B. A O. (V. 68, p. 189), The new 4s the B. A O. RR.
agrees to purchase at par and interest in cash within 5 years, and
meantime to guarantee interest thereon at 4 per cent. V. 68. d. 189.
333, 525; V. 69, p. 696,
’V
*
The West 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 purchase the bonds at par
and accrued interest on 60 days’ notice. V. 69, p. 439.
The B. & O. in March, 1900, agreed to purohase 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 bondholders to exchange for new securities under any reor
ganization plan approved by B. A O. prior to that date. V. 70, p. 632.
In 1900 the reorganization committee held $273,000 of the $350,000
Baltimore & New York bonds.
D iv id e n d s .—First semi-annual dividend on preferred, 2 per cent,
was paid on April 2,1900. V. 70, p. 329. In July, 1900, tost semi
annual dividend on common was expected soon to be declared.
V. 71, p. 83.
G e n e r a l F inances .—The large decrease in net earnings for the year
1898-9, it is explained, is caused by the fact that the receivers in settling
their accounts have charged against the revenue o f the year large
sums ordinarily extending over a much longer period, and also by the
large amounts put into the property and oharged to operating ex
penses. See official statement, V. 68, p. 1224. As to physical rehabil
itation under the receivership, see official statement, V. 69, p. 128.
In addition to the $49,975,000 first mortgage g., 4s issued in June,
1899, for reorganization purposes. $7,000,000 additional of said bonds,
being the entire $7,000,000 reserved for corporate purposes, were
used for the purpose o f providing funds for the purohase of equipment
and for other improvements to the mortgaged premises. In Feb., 1900,
$8,600,000 additional first 4s and $2,500,000 B. &O. Southwestern 3*28
were sold to purchase most of the $10,000,000 Pitts. A Western tost
mortgage bonds and for improvements, $2,052,000 of the $3,500,000
P. & W. second mortgage bonds having been acquired in July, 1899,
thus ensuring the reorganization of the P. A W. in the interest of the
B. A O. V. 69, p. 132; V. 70. p. 229, 278, 738.
Holders o f common stock subscribed in May, 1900, to the remaining
$6,398,900 of the $45,000,000 authorized common stock at $30 per
share, of which $10 payable on making of subscription and $70 on
Oct 1,1900, the new stock not to be entitled to any dividends for the
year ending June 30,1900. V. 70, p. 685,738.
POSITION OP N EW COMPANY, INCLUDING CENTRAL OHIO SYSTEM, BALTI
MORE & OHIO SOUTHWESTERN, ETC. (See V. 69, p. 31.)
Estimated net income on basis of year end. June 30,1898,
(including $1,989,261 from B. A O. S. W )........................... $10,285,694
Deduct interest on $70,000,000 prior lien 3*2 per cents...... $2,450,000
$15,000,000 Pittsburg Juno. & Middle Divis. 3*2 per cents.
525,000
$40,000,000 Southwestern Div. 1st 3*2 per cents................ 1,400.000
$50,000,000 first mortgage 4 per cents.................................. 2,000,000
500,000
Estimated rentals, including Belt Line..................................
Taxes (if foreclosure is necessary the taxes may increase).
544,794
Taxes B. & O. Southwestern system.......................................
293,998
Terminals......................................................................................
202,000
75,000
Ground rents and mortgage interest.......................................
Total charges o f new company.......................................... $7,990,792
Bal..sur., [equals 3*5 p. c. on $60,000,000 pref. stock]....... $2,294,902
“ The fixed charges will thus be well within the past net income o f
the property—
even that of the last fiscal year of extreme depression.
The new oompany will be relieved from floating debt and the embar
rassment of car and wheelage trust payments, and will start with
substantial working capital.” The following is also given :
Apart from the large amount provided in the plan dated June 22,1898, to be
expended on the B. & O. RR. properties, the plan for the reorganization o f the
Central Ohio RR. system provides $3,000,000 to he expended on the properties
comprised therein and for additional equipment; and the B. & O. Southwest
ern plan provides $5,500,000 to be expended in like manner on the Baltimore &
Ohio Southwestern System. The above statement o f earnings does not allow
for any increase in earnings from these expenditures, which, it is confidently
expected, should largely increase the surplus over fixed charges.
E arnings —From July 1,1899, to June 30,1900 (12 months) w ere:
Baltimore< Ohio $1899-1900...Gross, $34,818,719; net, $12,381,794
&
(1898-1899...Gross, 28,775,642; net,
6,772,214
B. < O. Southwest, j 1899-1900---- Gross, $7,211,914; net, $2,110,284
&
(921 miles). (1898-1899....Gross, 6,873,275; net, 1,857,727
R esults fo r h a l f -y e a r en d in g D ec . 31, 1899.—The preliminary
income account for six months ending Deo 31,1899, accompanying
report flor 1898-9, showed results partly estimated as follows, the
fixed charges being on reorganized basis:
BALTIMORE & OHIO LINES (2,047 MILES).
6 mos.
Gross.
Net.
Other inc. Int.,taxes,etc. Bal., sur.
1 8 9 9.. ..$16,932,775 $6,162,633 $413,880 $3,375,000 $3,201,513
1 8 9 8.. .. 14,879,520 3,867,738
..........
............
........
B. & O. SOUTH WESTERN LINES (921 MILES).
1 8 9 9.. .. $3,718,872 $1,191,600 ............
$853,600
$338,000
July,
RAILROAD
1900.]
STOCKS
AN D
BONDS.
15
Subscribers w ill con fer a great fa v o r by g iv in g Im m ed iate notice o f an y error discovered in these T a b les.
Ronds—Prinoi RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount
pal,When Dne.
For explanation of column headings, Ac., see notes of
of
Par Outstanding Rate per When Where payable, and by Stocks—Last
cent. Payable
Whom.
Road. Bonds Value.
on first page of tables.
Dividend.
Baltimore < Potomac—(Concluded)—
6
Consolidated mortgage for $10,000,000, gold..o*
92 1889 $ 1.000 $3,000,000
5 g. J. & J. Balt. Office, Calvert St. July 1, 192»
Bangor < Ar.—1st M.$3,360,000($16,000 p.m.) g.e* 211 1893
&
3,360,000
1,000
5 g. J. & J. N. Y., Guar. Trust Co. Jan. 1, 1943
do
do
2d mortgage, $1,050,000 ($5,000 a mile), g old ....
211 1895
July 1, 1945
1,050,000
5 g. J. & J.
1,000
do
do
Jan. 1, 1943
1st mort! on Piscat. Div., $1,500,000, gold.G ..o*
77 1899
1,500,000
5 g. A. & O
1,000
do
do
33 1899
A. & O
500,000
Jan, 1, 1943
Van Buren Exten. 1st M., $500,000, g........ G.e.*
1,000
5 g.
....
do
do
6
A. & O.
260,000
$20,000 s.-an,
Car trusts on 1,218 cars, July 1 ,1 89 9 .G .............
1897 1,000
A. & O.
do
do
Car trusts, Ser. B , gold, $40,000 semi-annual...
To Oct., 1910
1900
800,000
5 g.
1,000
do
do
Aroostook No. 1st M., guar. p. & i., gold — G.o* 15*2 1897
225,000
Oct. 1, 1947
5 g. A. & O.
1,000
10 1889
New York City.
June 1, 191»
Batfi Hammondspori—1st mortgage, gold............
100,000
1,000
5 g. J. & D.
do
do
10 1893
200,000
Apr. 1, 1923
Second mortgage, gold.............................................
1,000
5 g. A. & O.
4
Beech Creek—Stock (guaranteed 4 per cent by end.) 160
5,665,000
Q .-J . N. Y., Grand Cent. Sta. July, 1900,1%.
50
do
do
1st M.,g, guar.p.&i.(end.).................................. c&r 160 1886
July 1, 1936
5,000,000
1,000
4 g. J. & J.
do
do
2d M. for 1$1,060,060, gold, guar. p. & i. (end.) .c&r 160 1892
July 1, 1936
500,000
1,000
5 g- J. & J.
dearf.Bitiim. Coal lstM .,int.gu. by Bh. Cr., gold.e
1891 100 &o.
803,100
4 g. J. & J. N. Y., Kniokerb’r Trust. Jan. 1, 1940
Bellaire ZanesvilledOin.—Priorlienmort.,red.atl05 ____ 1889
216,000
6
J. & J. July,’94, ooup.lastpaid. July 1, 189»
1,000
4
1st M. ($262,000 reserved for prior lien bonds)..
1890
J. & J.
Jan. 1, 1940
1,138,000
1,000
Belt BR. «6 Stock Yard o f Indianapolis—Stock........ . . . .
1,000,000 5 in 1900 J. & J. Indianapolis, Co. office. July 15,’00,21»
50
do
do
Preferred stook, cumulative....................................
6
July 1, ’00, li*
500,000
Q.—J.
50
M. & N. Phila., W. H. Newbolds. Apr. 30,1911
1st mortgage for $1,000,000, ourrenoy..................
6
1881
1,000,000
1,000
25 1895
J. & J. Balt., Merc. Tr. & Dep. July 1, 1945
Belt Ry.—1st M.(red. aft. July 1,1903) g.iR eB a.c*
275,000
5
2d M., income to July 1,1903, when fed. at 100.
25 1895
4
24,000
1903-1945
Belvidere Delaware—Stock ($4,000,000)..................
Philadelphia, Pa. RR. Feb.20,’00,5%
1,253,000 5 in 1900 Feb.
50
64 1853
1st mortgage, ext. in 1877, guaranteed.............. c
6
1,000,000
J. & D . Philadelphia, Pa. RR. June 1, 1902
1,000
do
do
Cons.mort. ( guar, by United Co’s & Pa. RR., s.f..r
M. & 8.
67 1885
4
500,000
Sept. 1, 1925
1,000
do
do
of 1875.. guar. byUnitedCo’s&Pa. RR., s. f. .r
67 1887
4
F. & A.
Feb. 1, 1927
749,000
1,000
$4,000,000 ( issue $600,000 reduced by s. f .......r
do
do
67 1893
4
J. & J.
Jan. 1, 1933
500,000
1,000
Denning. dRutl’d—1st ref. M. for $500,000, g.N.o*r
59 1897
500,000
1,000
4 1 g. M. & N. N. Y., Sec. & Trust Co. Nov. 1, 1927
a
New York.
2d mort., gold, subject to call after 1901 C0 . . 0*
59 1900
Mch. 1, 1920
500,000
5 g. M. & 8.
Bism. Washb’n < Gt. Fal's 1st M.. g.. see text.Cc&r
£
46
New York.
Jan. 1, 1930
See text.
1,000
5 g. J. & J.
Bloomb'g < Sullvan RR.—1st M., $40 0,0 0 0 ....F P
6
30 1898
J. & J. Phila., F. I. T. & S.D.Co. Jan. 1, 1928
5
400,000
1,000
30 1898
2d mortgage, inoome, non-cum., $200,000... F P
5
J. & J. Philà., when earned. Jan. 1, 1928
200,000
1,000
Boston < AlSany—Stock ($30,000,000 authorized).. 394 —
&
100 25,000,000 8 in ’ 99* Q .-M . Boston, Of. Ter. Station J’ne 30,’00,2%
an nu al R eport .—Report ior 1898-9 at length In V. 70, p. 1 2 4 ,1 31 ,
and showed, exclusive of B. & O. 8.W.. Pitts. & West., West Va. &
Pitts., and Stat. Isl. Rapid Transit: (see also editorial, p. 102.)
Year ending June 30—
1898-9.
1897-8.
1896-7.
M iles..........................................
2,047
2,047
2,046
Gross earnings............................ $28,404,922
Net earnings............................... $6,621,599
Add ino. from other sources....
855,290
$27,722,787 $25,582,123
$7,446,695
1,017,478
$5,570,029
1,040,716
$8,464,173
$6,610,745
Total net income.................. $7,476,889
D irectors, E tc. (April, 1899).—William Salomon, Chairman, New
York: Jacob H. Schiff.New York; James J. Hill,St. Paul; Edward R. Ba
con, New Y ork ; S. M. Prevost, Philadelphia; Norman B. Ream, Chi
cago; James Stillman, New York: Edward H. Harriman, New York;
J. Kennedy Tod, New York; Charles Steele, New York; Alexander
Brown, Baltimore; H. Clay Pierce, St. Louis; H. Crawford Black, Bal
timore, and J. Y. L. Findlay, Baltimore.
Executive Committee.—William Salomon, Chairman; Jacob H.
Schiff, James J. Hill, Edward R. Bacon, Norman B. Ream, E. H. Harri
man and Charles Steele. Pres., John K. Cowen; Sec., C. W. Woolford;
Treas., J. V. McNeal.—(V. 10, p. 7 4 , 1 2 4 , 3 2 7 ,6 8 5 ,7 3 8 , 995, 1095,
1290; V. 71, p. 83.)
B a lt im o r e & O h io S o n t h w e s t e r n R R .—( SeeMapof Balt.dtOhio.)
Belpre, O., to St. Louis, etc., 921 miles in all, practically merged in
Baltimore & Ohio RR.—which see above.
Reportfor 1898-9 in Y. 70, p. 325; V. 70, p. 279, 3 2 5 .)
B a lt im o r e Sc P o t o m a c l i l t . —Owns from Baltimore, Md., to
South End Long Bridge, Ya., and branch, 44 m.; and from Bowie to
Pope’s Creek, 49 m.} total, 93 miles—including tunnel in City of Balti
more; total 93 miles. Controlled by Penn. RR. Co.
Stock .—Oct., 1899, $5,531,100 (par $50), B onds.—Consols are
reserved to retire all the prior bonds as they mature. The first mort
gage bonds are guaranteed by Pennsylvania RR. and Northern Central.
E arnings.—In year ending Oct. 31, 1899, gross, $2,401,202; net,
$888,778; interest, $42 0 ,00 0 ; int. on equipment, taxes, etc., $378,724;
bal., surplus, $90,054. In 1897-98 gross, $2,203,834; net, $600,392.
B a n g o r & A r o o s t o o k R R . —(See M ap) —Oldtown, Me., north
erly to Van Buren, with branches.
Lines owned (226 m.j—
Miles. I Leased 999 years—
Miles.
Brownville to Caribou andbr..200 |Aroostook Northern, Caribou
Ashland Jet. to A sh la n d ........ 43 to Lim estone.—....................... 16
Oldtown to Greenville and B. &
----K. Iron Works. 95 |
Total operated...........................................354
On Nov. 23,1899, extension to Van Buren, 33 miles, was opened.
Organization .—Organized Feb. 13,1891. State of Maine refunds
95 per cent of all taxes levied. For organization see Y. 66, p. 855.
Sto c k .—Common, $1,050,000; 10,400 shares full paid and 100
shares, 5% paid; pref., 5%, non-oum., $1,328,000—paid m, $1,128,143.
B onds.—For description o f new gold 5s on Pisoat. Division see V*
67, p. 1159; V. 68, p. 84, 329. The $500,000 Van Buren Extension
1st 5s of 1899 cover the line from Caribou to Van Buren, 33 miles,
the balance of the cost being supplied by subscription of Aroostook
County to $115,000 preferred stock.—V. 69, p. 952. On Jun e30,1899,
there were notes payable for $9,240. In May, 1900, sold $800,000 tenyear five per cent car trust notes to purchase 1,626 flat, box and stook
cars. V. 70, p. 893.
L atest E arnings.—11 mos., 5 1899-O.Gross, $1,117,373; net, $446,608
July 1 to May 31.
(1898-9.Gross.
842,457; net, 328,521
A nnual R eport —Report for year ending June 3 0 ,1 8 9 9 , in V. 69,
p. 952, showed: Gross, $929,254; net, $356,096; charges and taxes,
$307,225; bal., surplus, $48,871. In 1897-8, $779,207; net, $327,262.
—V. 66, p. 1 3 0 6 ; V. 68, p. 84, 329, 669; V. 69, p. 9 5 2 , 954; V. 70, p.
893.)
B a t h & H a m m o n d s p o r t R R . —Owns road from Bath,N. Y., to
Hammondsport, N. Y., 10 miles. Chartered in 1872. Stock , $100,000;
par, $100. E arnings.—For year 1898-99, gross, $36,701; net, $19,111.
B e e c h C re e k R R . —(See Map adjoining N. T. Central.)—R oad—
Jersey Shore, Pa.,to Mahaffey,113 m; branches, to Philipsburg, to mines,
&o., 44 miles; including Wigton Mines, near Patton, to Spangler, Pa.,
total, 160 miles; trackage, 45 miles; total operated, 205 miles.
L ease , &c.—From October 1, 1890, leased to the N. Y. Central &
Hudson River RR. for 999 years at interest on bonds and 4 per cent
on stock, and since May 1, 1899, operated directly as a part of its
Pennsylvania division. V. 68, p. 872. Carries mostly coal and coke;
in 1898-99,4,480,640 tons out of 4,750,420 total tons m oved; in 189798, coal and coke, 4,606,033 tons. The operating expenses are rela
tively low since the trains carry exceedingly heavy loads of freight,
the average per train in 1898-99 being 624 tons. Average rate per ton
per mile 0'25c. in ’ 98-’ 99; 0*28c. in 1897-98. See guaranty V. 52, p. 570.
B onds.—The bonds are endorsed with the New York Central’s guar
anty of principal and interest. See V. 52, p. 570. The Clearfield Bitu
minous Coal Corporation has capital stock, $825,000 and bonds author
ized, $825,000; retired by sinking fund to June 30,1899, $21,900.
A nnual R eport . - F iscal year ends June 30. In 1898-9, gross, $1,508,951; net, $612,138; interest, taxes, dividends, etc., $680,082;
al., deficit, $68,082,—(V. 69, p. 128.)
B ellaire Z a n esv ille Sc C in cin n ati R y .—Owns Bellalre, O., to
Wilhelm Station, O., 102 miles, three foot gauge; Muskingum County
railroad. Wilhelm to Mill Run, 9 miles; trackage to Zanesville, 1 mile. In
June,’95, Gen. Manager J. K. Geddes was made receiver; Interest due
Jan. 1,1895, on the prior lien bonds being in default. V. 61, p.
239> Stock is: Common, $832,000; preferred, $795,910; par $50.
In year ending June 30,1899, gross, $131,788; net, $18,501. In 1897-8,
gross, $106,438; net, $8,075.—(V. 61, p. 26, 239.)
B elt R a ilro a d Sc Stock Y a r d o f In d ia n a p o lis .—Owns 14
miles of belt road, etc. Leased for 999 years to Ind. Union—which see.
D ividends .— ) Preferred in Common ’ 95. ’96. ’ 97. ’ 98. ’99. ’ 00.
Since 1894.......] full to date, stook p. o. 5
41
»
0
5
5
5
In 1892 the “ common stook had not paid less than 3 per cent
semi-annually (J. & J.),an d at times more, for past fifteen years.”
Pres., 8. E. Rauh, Indianapolis, Ind.—V. 63, p. 153; V. 66, p.334.
B elt R a ilw a y (o f C h attan oo g a, T e n n .).—Owns 25 miles of
belt railroad in Chattanooga, Tenn. v. 67, p. 72.
H istory .—A reorganization of Union Ry. foreclosed June 1 7 , 1895
Leased till July 1,1945, to Alabma Great Southern RR.; rental guar
anteed to meet interest on 1st M. oonds, taxes and maintenance.
Stock is $300,000, owned by Ala. Great So. Ry.—V. 63, p. 699. First
mortgage for $300,000 now bears 5 p. 0. interest.
B elvldere D ela w a re R R .—Owns from Trenton, N. J., to Manunka Chunk, N. J., 67.m.; FlemingtonRR.,&o., 13 m.; operated cut-oil
1 tn.; total operated, 81 miles. Leased to United Companies, and trans
ferred to Penn. RR. March 7,1876. Net earnings paid as rental.
Sto c k .—Authorized, $4,000,000; outstanding Feb., 1898, $1,253,000; par, $50. Dividends: 1897 to 1900, both inclusive, 5 p, 0. yearly.
B onds.—First 6s of 1853 and the $1,249,000 4 per cents of 1885-7 are
guaranteed by the United Companies, and their guaranty assumed by
the Penn. RR. under its lease. Bonds of 1885,1887 and 1893 are se
cured bythe consol, mortgage of 1875 for $4,000,000, which provides
for a sinking fund of 1 per cent of outstanding bonds if earned.
E arnings.—In 1899, gross, $1,186,012; net, $403,327; interest, eto.,
$201,897. In 1898, gross, $1,042,267; net, $316,113.
B en n in g to n Sc R u tla n d R y .—Rutland to Bennington, Vt., and
branch, 59 miles. Organized in 1877. Capital stock, $1,000,000, all
acquired in Feb., 1900, by Percival W. Clement, President of the Rut
land RR., and road leased to the latter.—V. 70, p. 381,430, 685, 792.
E arnings.—Year ending June 30, 1899, gross, $243,364; net, $ 5 5 ,666; int. on bonds, $22,500; div. (2 p. 0.), $20,000; bal., surplus, $13,166. Total sur., June 30,1899, $71,018. In 1897-8, gross, $234,600;
net, $61,152.—V. 68, p. 821, 870; V. 70, p. 381, 685.
B erk sh ire R R .—West Stockbridge, Mass., to Connecticut State
Line, 21 miles. Road opened 1842. Leased April 1,1893, for 99 years
to N. Y. N. H. & H. RR. for expenses, taxes and 6 p. 0. on stook. Lease
to Housatonio RR. suspended but not oanceled. Stook, $600,000.
B ism a r c k W a sh b u r n Sc Great F a lls R y .—Under construe
tion from Bismarok, N. D., to Washburn, 46 miles, to be completed by
Oct. 1, 1900, (26 miles completed July 46; projected thence to Great
Falls, Mont. Stook authorized, $500,009; outstanding, $200,000; par
of shares, $100. Of the bonds (authorized issue $7,000,000) $600,000
are issuable on the first 46 miles nnder construction and the balance
at $12,000 per mile of completed road. President, W. D. Washburn,
Bismarck, N. D.; Sec. and Treas., C. C. Crane, Minneapolis, Minn.—V.
70, p. 1248.
R lo o m sb u rg Sc S u lliva n R R .—Owns Bloomsburg to Jamison
City, Pa., 30 miles. Stook is $600,000; par, $50.—V. 66, p. 80, 952.
Year ending June 30, 1899, gross, $60,529; net, $29,279; interest,
taxes, etc., $31,593; special account, $10,000. President, C. R. Buokalew.—V. 66, p. 80, 952.
B oise N am pa Sc O w yh ee R y .—Nampa to Murphy, Idaho, 30*45
miles, completed July, 1899; sidings, *87 miles; total, 31‘32 miles. In
June, 1900, extension under construction from Nampa north to Em
mett, 20 miles. Stock, $1,000,000; par, $100; all common and all
outstanding. President, W. H. Dewey, Nampa, Idaho; Sec., R. E.
Green, Boise, Idaho; Treasurer, Howard Sebree, Caldwell, Idaho.
R o sto n Sc A lb a n y R R . —Owns from Boston, Mass., to Albany,
N. Y „ 202 miles; numerous branches, 104 miles; leased lines, 88 miles;
total operated, 394 miles. A consolidation of December, 1867.
This road owns $100,000 stook (out of $500,000) of the Boston Ter
minal Co. and, with others, has used the new Union Station in Boston
since July, 1899. (V. 62, p. 547; V. 63, p. 308.)
The stockholders voted on Deo. 27,1899, to lease the road for 99
years from July 1,1900, to the N. Y. Cent. & Hud. Riv. RR. at a guar
anteed rental of 8 per cent per annum on the $25,000,000 stock,
payable quarterly [Mar. 30, eto.], organization expenses, interest on
bouds, taxes, expenses o f maintenance, etc. The B. & A. will receive
in addition for certain property not included in the lease $5,500,000
in N. Y. Cent. 3 ^ per cent 100-year debentures, thus adding *77 per
cent per annum in addition to 8 per cent guaranteed on stook. In
the event of refunding the outstanding bonds, the new bonds are to be
guaranteed, principal and interest, by the Central. See abstract o f
lease in V. 69, p. 282.—V. 69, p. 1061,1102,1246; V. 70, p. 74.)
D ividends —Cash dividends at the rate of 8 per cent yearly have been
paid for many years. Stook dividend, 10 p. 0. in 1883 and 3^3 p. 0. in 188 6 »
16
INVESTORS’
SUPPLEMENT.
[Y ol.
LXXl,
Ju l y ,
RAILROAD
1900.]
STOCKS AN D BONDS.
17
S u b s c r ib e r « 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 I m 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 t h e s e T a b le s .
RAILROADS.
on first page of tables.
*
Boston c6 Albany (Ooncl.)—Bonds (not mort.)..........
..........................................
Bonds (not mortgage) i * " ( ,0 0 0 ,0 0 0 ..............................c
Boston < Lowell—Stock..
£
Bonds, not mortgage..
Bonds,
do
Boston & Maine gives
Bonds,
do
a rental guarantee •
Bonds,
do
c*..
for 99 years.
Bonds,
do
0*..
....
Bonds,
do
Bonds,
do
Bonds,
do
0...
Bonds—Princ 1INTEREST OR DIVIDENDS.
Mila« Date Size, or
pal,When Dae.
Amount
Of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent Payable
Whom.
Dividend.
. . . . 1882
$3.858,000
5
A. & O. Boston,Office Term.Sta. Apr. 1, 1902
1893
4
A. & O.
3,627,000
do
do
Oct. 1, 1913
....
$100
6,529,400
8
J. & J.
Boston, at Office.
July 3 , ’00,4%
. . . . 1883
250,000
do
do
4^9 M. & N.
May 1, 1903
4
1885
3,675,000
Various
do
do
1905-6-7-9
•• • 1892
•
A. & O.
1,000
4
1,000,000
do
do
Apr. 1, 1932
. . . . 1893
1,000
1,000,000
4
F. & A.
do
do
Feb. 1, 1913
. . . . 1895
4
M. & S.
500,000
do
do
Mch. 1, 1915
. . . . 1896
4
1,000
750,000
J. & J.
do
do
July 1, 1916
. . . . 1897-fi 1,000
4
414,000
A. & O.
do
do
Oct.,1917 & 18
. . . . 1899
620,000
313 J. & J.
do
do
July 1, 1919
....
....
100 21,902,925 6*4 in '99 Q .-J .
Boston, at Office.
July 2, ’00,1%
....
....
M. & S.
100
3,149,800
6
do
do
Mar.1,’00,3%
. . . . 1885
F. & A.
1,000
1,000,000
4
do
do
Feb. 2, 1905
. . . . 1887
F. & A.
1,000
500,000
4
do
do
Feb. 1, 1907
. . . . 1887
F. & A.
1,000
1,919,000
4
do
do
Feb. 1, 1937
. . . . 1892 lOOO&o.
F. & A.
2,500,000
4
do
do
Aug. 1, 1942
1894
1,000
6,000,000
41 g. J. & J.
fl
do
do
Jan. 1. 1944
3.ÏÏ 1876 $ & £
8.297,834
6 g. M. & 8. Bost.; Lond., Baring Br. Sept. 1, 1906
73 1877 500&C.
998,000
4*9 J. & D.
Boston, àt office.
June 1, 1937
. . . . Var.
Var.
594,800
4
J. & J.
do
do
Sept. 1, 1906
. . . . 1892
500
113,500
4
A. & O.
do
do
Oct. 1, 1907
. . . . 1900
1,000
5,474,700
3 g. J. & J.
do
do
July 1, 1950
68 . . . .
100
4,000,000
10
Q.—J. Boston Term., room 526 July 2, ’00, 21«
. . . . ’88-’93 1,000
2,170,000
4
J. & J.
do
do
July 1, 1918
....
....
100
850,000 2 In 1900 J. & J.
Boston.
July 1, ’00,1%
. . . . 1897 lOOO&c.
561,000
4*9g. J. & J. Boston, State St.Tr. Co. July 15,1927
8 1886
1,000
289,000
5
M. & S.
do
Sept. 1, 1906
1897 l , 000&o 14,500,000
3Jfl
Text. Boston, South Station. Feb. 1, 1947
"27 1892
500
249,000
4 g. A. & O. N. Y., Met. Trust Co.
1942
1899
1,000
(»)
5 g- J. & J. N.Y.,Kniok.Tr. or L’don July 1, 1949
Preferred stock, 6 per cent, non-cumulative........
Improvem’t bonds, s. f., not mort. or subj. to call
’Improvem’t bonds, s. f „ n o t mort. or sub), to call
Improvem’t bonds, s. f., not mort. or subj. to call
Bonds (not mortgage) for Imp. & ref................ c&r
Bonds, not mortgage, gold................................ c&r
Eastern RR.certs.of indebt.lstM „ g.,s.f.,notdrn.c
Portsmouth Great Falls & Conway, 1st mort___o
Charleston land mortgage notes.............................
Port. & Roch. Terminal bonds (no mtge.).......... c
Bonds, $5,454,700, g., secured by Fitchb. stk..
Portland Union Station—See that company.
Boston < Prov.—Stock, 10 p. c. guar. 99 yrs., Old Col.
£
Bonds, not mortgage.......................................... c*
Boston Revere Beach < Lynn—Stock..........................
£
New 1st mortgage, $1,000,000, gold___S B o*&r
Boston Winthrop & Shore 1st mort assumed . . .
Boston Terminal Oo.—1st mort., currenoy.OB. .c&r
Brad. Bord. dt Kinzua—1st M., $300,000, g.M p.c*
Bradford Oent.—lstM .,$25,000perm .,g.,$or£.K c*
Brooklyn Elevated—8ee Street R a il w ay Supple MENT.
L atest E arnings.—For 9 months ending Mar. 31:
Gross.
Net.
Int., taxes, etc. Dividends. Bal., sur.
1899-’O0.$7,484,174
1898 *99. 6,905,665
annual
Year.
$2,684,571 $745,488
2,607,442 546,726
$1,500,000 $439,082
1,500,000 558,716
R eport .—Report for 1898-99 was in Y. 69, p. 643.
Gross.
Net.
Charges.
Dividends. Bal., sur.
1898-9...$9,325,035
$2,647,374 $415,980 (8)$2,000,000 *$231,393
1 8 9 7 -8 ... 9,241,569
2,446,567 415,980 (8) 2,000,000
30^587
* From surplus as above in 1898-9 was paid $200,000 for special
equipment, leaving $31,393 net balance for the year.
—(V. 69, p. 1344; Y. 70, p. 74,328, 893,1148,1290; V. 71, p. 134 )
B o s t o n Sc L o w e l l R K , - R o a d — Owns Boston to Lowell, 27 miles
branches—Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles;
others, 32 miles; Middlesex Central, 11 miles; leases—Central Mas
sachusetts, 99 miles; Connecticut & Passumpsio, 147 miles; Nashua
& Lowell, 15 m.; Peterborough, 10 m.; Northern N. H., 83 m. (and
subsidiary lines 90 m.); Stony Brook RR., 13 m.; Wilton RR., 15 m.
These leases were mostly assumed by Boston & Maine.
L eases.—Leased in 1887 for 99 years to the Boston & Maine at 7 per
eent per annum on stock till Jan. 1,1897, and 8 per oent thereafter.
Stock and B onds.—Stock authorized, $6,529,400. The debentures
were described on page 2, Supp . of April, 1895. (V. 68, p. 84.) The
$100,000 note to Nash. & Lowell was paid off at maturity July 1,1900,
by temporary loan; new stock will be issued to pay same and for im
provements and other purposes.
B o s t o n Sc M a in e H R . —R oad—The system with its many branch
lines covers the territory from Boston, Mass., to Portland, Maine,
<two divisions), Springfield, Mass., Sherbrooke, Can., Rotterdam Jot.
and Troy, N. Y., Worcester. Mass., to Portland, Me., and all import
ant places in New Hampshire:
Lines owned.
Miles.
Miles.
Boston, Mass. ,toPortland,Me.
Branches leased...................... 712
W. D iv............................. 116
7
Trackage rights......................
Boston to Portland, E. D iv.. 108 Total operated July 1,1900..2,229
Conway Juno., Me., to North
Double track..... .....................481
Conway, N. H..................
73
Portland, Me., to Rochester,
Controls Me. Cent, (which see) .822
N. H..................................
54
St.Johnsbury & Lake Champ.131
Sundry branches............... 152
York Harbor & B ea ch .......... 11
Lines leased.
Vermont Val. of 1871............ 24
Lines to Sherbrooke (P. Q .),)
Sullivan County...................... 26
Rochester, White River
Junction, Northampton, I . nn7
Groveton, Keene, Rotter- j
dam Jet., Troy and Bel
lows Falls, &c................... J
include: The leased lines Concord & Montreal, leased June 29,1895.
Boston & Lowell, Fitchburg, Nash. & Lowell, Northern N. H., Worces
ter Nashua & Rochester, Connecticut River, etc.—See each co. The
lease of the Fitchburg RR. is for 99 years from July 1,1900, at 5 p.
c. on the preferred and 1 p. o. on the common stock.—V. 70, p. 75, 685.
O rg an ization , E tc .—An agreement with N. Y. N. H. & H. regard
ing division of territory was made in 1893. (V. 56, p. 464.)
In July, 1900, purchase of the Central Massachusetts was pend
ing, common stock to be issued for the stock of the latter or cash pay]uent made, ai the option of j the B. & M., on terms to be fixed by the
RR. Commission, with the right for a brief period to appeal to the
courts. The preferred is to receive $65 per share.— 71, p. 83,134.
V.
Stock .—The merger of the East. RR. of N. H. required issue
June 16,1899, of $480,188 stock and that of the Portsmouth & Dover,
Portland Saco & Portsmouth and Portland & Rochester on Jan. 16,
1£ °9 ’,r?< uired $2,683,500 additional, making total issue $21,902,925,
l
o f which $1,807,600 owned by thecompany, $1,128,200 of the latter be
ing held by trustees as collateral for Eastern RR. certs, of indebted
ness.—V. 69, p. 129,642, 794; V. 68, p.427.
D iv id e n d s . 5 ’87 ’ 88 ’89 ’ 90 ’ 91 ’92 ’ 93 ’94 to Jly, ’99. From Oct.,’99,
On common. ( 10% 9 9 9!a 9 8 8
6 yearly.
See below.
Dividends Oct., 1899, to July, 1900,7 per cent yearly.—V. 69, p. 642.
B onds .—As to debentures see S u pplem en t of April, 1895. Under
the lease o f the Fitchburg RR. the B. & M .will issue its $5,454,700
" Per cent gold bonds to purchase, $ for $, the same amount
o f Fitchburg common stock held by the State of Massachusetts and by
private persons.—V. 70, p. 175.
Loans and notes payable July 1, 1899, none. B. & M. guar
antees $1,328,000 first 5s of St. Johnsbury & Lake Champlain.
Also interest on $274,000 Manchester & Lawrence 4s. Jointly with
Mmne Central guarantees $300,000 Portland Union Ry. Station bonds,
lh e additional annual charges assumed under Fitchburg lease were
claimed not to be over $260,000 above the $112,000 surplus from oper
ations in 1898-9 of the latter company.
L ate st E arnings .—9 m onths ending Mar. 31:
?oniw*
< -i ?*!???*
b
Net‘
Oth.inc. Int., tax., etc.
Bal.,sur.
$5,257,116 $453,482 $4,153,626 sur.$l,556,972
1898-9.... 14,652,041 4,560,882 429,046 4,089,555 sur.
900,373
A n n u a l R epo r t .—
-Annual meeting second Wednesday in October.
Annual report 1898-99 in V. 69, p. 642, showed results as follows, the
operating expenses in 1898-99 including $652,645 in 1897-98, $675,208, and in 1896-97 $609,287 spent for permanent improvements.
Year Ending June 30.
1899.
Miles operated...........................
1,715
Passenger department.............. $8,522,202
Freight department................... 10,286,339
Mails, express, etc..................... 1,082,066
1898.
1,715
$8,461,640
10,201,910
1,079,395
1897.
1718
$8,538,278
9,975,436
1,042,973
Total gross earnings............$19,890,607 $19,742,945 $19,556,687
Net earnings.......................... $6,141,963 $6,019,271 $5,947,581
Net,inelud.otherinoome........... $6,841,184 $6,759,475 $6,638,983
Interest......................................... 1,091,635
1,089,125
1,104.726
Rentals........................................ 3,296,655
3,307,107
3,208,012
T a x e s .......................................... 1,105,649
1,030,040
988,348
Dividends..................................... 1,234,002
1,234,002
1,234,002
Sinking fund................................
67,829
69,779
68,601
Balance, surplus..........................
$45,413
$29,422
"$35,293
—V. 70, p. 75,175, 279, 632, 685, 994,1194; V. 71, p. 28, 83,134.
B o s t o n Sc P r o v id e n c e R K . —Owns Boston, Mass., to Providence,
R. I., 44 miles; branohes, 20 miles; leases 4 m. Leased for 99 years.
April 1, 1888, to Old Colony RR.; rental, 10 p. c. yearly on stock.
B o s t o n R e v e r e B e a c h Sc L y n n R R ,- O w n s narrow-gauge road
from Lynn to East Boston, Mass., 9 miles, connecting with Boston by
company’s ferry boats; Boston Winthrop & Shore Div., East Boston to
Winthrop, 5 miles, with branohes 3 miles. Of the 4*ns o f 1897 $289,000 reserved for Boston W. & S. 5s; balance unissued is for im prove
ments. (V. 65, p. 68.) Bills payable July 1,1900, about $140,000.
D ividends . ) 1888-91. ’ 92. ’93. ’ 94. ’95. ’ 96. ’ 97. ’98. ’ 99. 1900
Per cent, j 7 yearly. 5 ^
5 4^
4
3 2 2
2
2
E arnings.—Y ear ends June 30. Report for 1898-9 in V. 69, p. 953.
Gross.
Net. Int. dt taxes. Div. paid. Bal., surp.
1898-99..........$288,815
$65,314
$48,314
$1Y000
*
1897-98.......... 258,758
62,619
45,218
17,000
$401
—V. 65, p. 68, 5 6 8 ; V. 67, p. 1 0 0 0 ; V. 69, p. 953.)
B o s t o n T e r m i n a l C o .—Owns Southern Union Depot in Boston
opened in 1899. V. 68, p. 40; V. 69, p. 591. Boston & Albany, New
England, Boston & Prov., Old Colony and N. Y. N. H. & Hartford RR.
Cos. each owns one-fifth of the $500,000 capital stock and pay as rental
in monthly instalments sums sufficient to pay all expenses, charges,
interest on bonds and 4 per cent on stock. These companies are
Jointly liable for any deficiency in case of foreclosure. Registered int
erest payable Q.—F.; coupons F. & A.—(V. 69, p. 129, 591.)
B r a d f o r d B o r d e l l Sc K i n z u a R y . —Owns Bradford to Smethport, Pa., 26*11 miles. Leases Ormsby Jo. to Mt. Jewett, Pa. (Big Level
& Kinzua RR.), 10*48 miles, andMt. Jewett to Kane, Pa.(Pitto.& West.)
11*49 miles; total operated, 48 08 miles. Stock, common, $300,000 au
thorized; $249,000 issued; par, $50. Year 1898-9, gro«s, $84,915; net
over rentals and taxes, $17,576; interest, $9,960; surplus, $7,616.
President, George L. Roberts, Pittsburg, Pa.; Sec., J. B. MoGeorge. 30
Broad St., New York.
B r a d f o r d C e n tr a l R R . —Projected from Canton, Bradford Co.,
Pa., to Towanda, Canton to Ansonia, Pa., etc. Bonds as in table. V.
70, p. 279. President, Geo. W. Adams, 1 owanda, Pa. V. 70, p. 279.
B r a in e r d Sc N o r t h e r n M in n e s o t a R y . —Brainerd to Bemidji,
91 miles, completed in January, 1899. Stock, $500,000; par $100.
Year ending June 30,1899, gross, $220,297; net, $89,897; taxes, rent$ 10>
557; surplus, $79,340. Current liabilities June 30,
1899, $726,945; funded debt, none. President, E. A. Merrill; Treas..
E. L. Carpenter, Minneapolis, Minn.
B r o o k l y n Sc B r i g h t o n B e a c h R R . —V.68, p. 1179; V.69, p. 228.
B r o o k l y n Sc B o c k a w a y B e a c h R R . —Owns road from East
New York (Brooklyn) to Canarsie Landing, Jamaica Bay, 313 miles (of
which 3 miles double track), and operates ferry to Rookaway Beacn.
Operations suspended during winter months. Stock is $150,000; par
$50. Interest on bonds was deferred by consent for one year from Nov
1899. Loans and bills payable June 30,1899, $84,700; real estate
mortgage, $55,877. In year ending June 30, 1899, gross, $6,322:
def., under operating, $5,335; other income, $5,440; int. and taxes
$31,982; balance, deficit, for year, $31,877.
'
« ll«;wl? C re 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 HR., which together own entire capital
stock of $250,000. Dividends in year 1895-96, 7 p. o.
P
B u f f a lo R o c h e s t e r Sc P it t s b u r g R a i l w a y . —(See Man.)—Overates 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 Howard
Johnsonburg & Bradford RR.~
Juno., Pa.................................. 35
Howard Juno, to Mt. Jewett. 20
Clarion Juno., to Walston, Pa. 62 Lincoln Park & Charlotte.......I 10
Rochester to Ashford, N. Y ___ 94 Perry RR..................................... 1
Four branohes to mines............ 16
Leased—Stock not owned.
Trackage—
Allegheny & Western—
Erie—Mt. Jewett to Clarion J.. 21
Punxsutawney to Butler, Pa. 60
Pitts. & West.—Butler, Pa., to
Clearfield & Mahoning—IT
Newcastle................................ 44
Clearfield to Beech Creek RR. 26
Ribold Jc., Pa., to Allegheny
Mahoning Valley R R ................ 2
City, P a........................
31
Total Oct., 1$99 (jfSee separate statement for this company).. .472
INVESTORS’
SUPPLEMENT.
[Vol.
l x x i.
July.
1900.!
19
RAILROAD STOCKS AN D RONDS.
Subscriber» trill con fer a great fa v o r by g iv in g Im m ed iate n otice o f an y error discovered In these T a b les.
Bonds— Princi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
For explanation o f column heading, Ac., see notes of
of
Par Outstanding Rate Per When When Payable, and by Stocks— Last
Road. Bonds Value.
on first page of tables.
Cent. Payable
Whom.
Dividend.
Brooklyn A Rockaway Beach.— lstM .,$350,000,g.c'
Buffalo Creek— 1st mortgage....................................r
Cons. M „ $1,000,000, gold................................... C"
Buffalo N. Y. A Erie—S ee E r ie R a il r o a d .
Buffalo Rochester A Pittsburg— Common stock........
Pref. stock, non-cum.; com. 6%; then pro ra ta ...
R. A P . IstM .gold, Rochester to Salamanca— c*
R. A P. consol, m ort, $20,000 per mile, gold, g.c*
B. R. A P. 1st general M. ($10,000,000) g ... IJn 0*
Debentures, $3,000,000, currency,call at 105.0*
Lincoln Park A Charlotte 1st mort.,gold,guar.0*
Perry Railroad 1st mortgage, guaranteed .........
3*3 1891 $ 1,000
6 1882
1,000
6 1891
1,000
....
....
Ï08
276
276
1881
1882
1887
....
1897
10 1889
1 1882
Var’us
’90-’98
....
1899
....
1900
Equlpm’t bonds, $500,000, g., s. f., Ser. A ...«i.e*
Equipment bonds, Ser. B., $1,000,000, g., s. f ..G
Buffalo A Susquehanna— Stock, $2,000,000 ...............
1st m.,$2,000,000 g., s. f.,subj. to call at par.o*<fer Ï 12
....
Burlington Cedar Rapids A Northern— Stock .............
1st mortgage..................................................................... o*&r 369
Ced. Rap. I. F. A N. W., consol. 1st M., g., guar.o . . . .
B.C.R. AN. con. 1st M. A col. trust, gold ............. c* Ar
All
Minneapolis A St.Louis,lst mort., gold (assumed)
12
Butte Anaconda A Pacific— 1st mort., $3,000,000. . . . . .
Calgary A Edmonton— 1st mort. 6s, red. at 110 . . . . 295
California EasCn— 1st M., gold, $15.000 per mile.
30
Cal. Northw.—1st M., g. ($2,000,000, gu. p. Ai.) s.f.
60
California Pacific—Se e So u th ern P a c if ic RR.
Cambria A Clearfield— Stock, $2,150,000 auth ......... 100
1st M. ($2,000,000) gold ................................................. 0* 100
Camden A Atlantic—See West J ersey A Sea Sho RE.
Camden A Burlington County—Stock, 6 p. ot. guar.
30
1st mortgage. $350.000, gold, gu.p. A i.by P.RR. c*
30
1893
....
1876
1881
1884
1877
1893
1890
1896
1898
100
100
1,000
1,000
1,000
1,000
1,000
1,000
6,000,000
6.000,000
1,300,000
3.917,000
4,407,000
1.000,000
350,000
20,000
304.000
1,000
659.000
1,000
500.000
500,000
1,518,000
50
500 Ac. 1.056,500
100
5,500,000
lOOAo. 6.500,000
1,905,000
1,000
l.OOOAc 7.250,000
500
150,000
1,000
1,000,000
£100 £1,121,700
1,000
441,000
1,000 None Mar’00
6 in 1900
6 g6 g.
5 g.
6
5 g7
5A 6
5
4^ g
4*3 g.
5 lnl900
5 g.
8 in 1900
5
5 g5 g7 g.
5
See te x t
5 g5 g.
F. A A.
F. A A.
J. A D.
M. A S.
J. A J.
J. A J.
J. A D.
Various
J. A D.
M. A N.
M. A N.
Jan.
A. A O.
F. A A.
J. A D.
A. A O.
A. A O.
J. A D.
F. A A.
J. A J.
J. A J.
A. A 0.
N. Y., 80 Wall Street. Aug.15,’00,3%
N. Y., Union Trust Co. Feb. 1, 1921
do
do
Deo. 1, 1922
do
do
Sept 1¿ 1937
New York.
Jan. 1, 1947
do
do
Jan., 1939
do
do
Juné, 1902
Rochester, N. Y.
Varions.
1900-1908
N. Y., Guar. Trust Co. May 1, 1919
do
do
May 1, 1920
Jan., 1900,5%
N. Y., H. Fisk A Sons.
O ct, 1913
N. Y., Com Exoh. Bank. Aug. 1, ’00,4 %
N. Y., Ceiïtral Trust Co. June 1, 1906
do
do
O ct 1, 1921
do
do
Apr. 1, 1934
N.Y. Continental N. Bk. June 1, 1927
New York.
Feb. 1 , 1923
Lon..Morton,Ohap. A Co July 1. 1910
Denver, Coî.
July 1, 1921
San Fran. A New York. Apr. 1, 1928
50
1,000
1,300,550
1,279,000
5 g. J. A J. Phlla., Broad St. Stat’n. Jan. 1, 1941
1897
25
1,000
381,925
350,000
6
J. A J. Phila., Broad St. Stat’n. July, 1900,3%
4 g. F. A A.
do
do
Feb. 1, 1927
$894,865
$603,901
45,860
127,460
............
Balance....................sur.$269,951 sr.$232,321 sr.$230,887 sr.$117,644
—(V. 69, p. 2 8 0 ,3 8 3 ,4 8 8 ,4 9 9 , 954,1010; V. 70, p 229,279,685,944!
V. 71, p. 131).
’
B u ffalo St. M ary’ s Sc S. W . —See Pitts. Shawmut & North.
B u ffalo Sc Susquehanna R R .—Owns from Keating Summit,
on the Western New York & Pennsylvania RR., to Ansonia,
Pa., on the Fall Brook RR., 62 miles; Galeton to WeUsville, on Erie
RR., 37 miles, with branches 13 miles ; Wharton, Pa., to Bailey Run, 4
miles; leases Addison, N. Y., to Galeton,Pa., 46 miles; total oper
ated, 162 miles. In July, 1900, extension from Bailey Run, Pa., to
Sinnemahoning, about 17 miles, was under construction, to be leased,
it was reported, when completed. The road affords outlet for an ex
tensive timber section (upwards of 200,000 acres), to Buffalo, New
York and Philadelphia.
D iv id e n d s —
> 1895.
1896.
1897.
1898.
1899. 1900.
paid In Jan., % 5
4
5
5
5
5
Jan., 5
B o n d s —Mortgage,V. 57, p. 639, and application to N. Y. Stock
Exchange, V. 58, p. 1036. Bonds cannot be issued to exceed $15,000
per mile of road completed and equipped. The mortgage is also a lien
on about 89,394 acres of timber lands, estimated as worth $1,700,000.
The sinking fund retires each year as many bonds as indicated by
dividing total outstanding by the 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 with the highest. V. 65, p. 234. To Oct.,
1899, $413,500 firsts had been retired by sinking fund.
E arnings .—11 months,) 1899-0........Gross, $686,609; net, $330,549
July 1 to May 31.
5 1898-9........ Gross, 709,485; net, 227,609
R e p o r t .—Report for 1898-9, gross, $767,319; net (over taxes),$248,036; interest, $57,669; sinking fund, etc., $112,529; dividends, $75,900.
In 1897-8, gross, $625,692; net, $261,952.- (V 69, p. 333, 9 0 2 .)
B u rlin g to n Cedar R a p id s Sc N orthern R y .—Operates:
Lines owned in fee—
Leased—All slock owned—
Burlington, la., to State Line,
Iowa City A Western RR .......
75
Minn, (less 11 miles leased)..230 Cedar Rapids, I. F. A N. W.,
Branches owned to Postville,
Holland, la., to Watertown,
Riverside, Holland, etc......... 204
So. Dak., A c ....................... 528
Leased—
Ced. Rap. A Clinton RR., Ac. I l l
Manly Jo. to Norwood............. l l
Stete Line to Albert Lea, Minn. 12
Total operated Jan. 1,1900.1,171
See text.
6 g. M. A N.
May 1, 1931
6
J. A J. N. Y., Farmers’ L. A Tr. Jan. 1, 1907
5 g. J. A J. N. Y., Farmers* L. ATr. Jan. 1, 1941
1891
B u ffa lo R och ester & P l t t s b n r g B y . —(C on clu ded .)
Or g a n iza tion , E tc .—Successor in March, 1887, to the Rochester A
Pittsburg, which was foreclosed in October, 1885. Plan of reorganizain V. 41, p. 516. The entire capital stock ($4,000,000) of the Rochester
A Pittsburg Coal A Iron Co. is owned, the property June 30,1899, being
bonded for $2,173,000. Y. 66, p. 1088) and through that company
in May, 1896, control was aoquired of Jefferson A Clearfield Coal A
Iron Co. (see Miscel. Cos.) with $3,000,000 stock and $3,000,000
bonds. The B. R. & P. Ry. controls the coal output from over 30,000
acres o f bituminous coal lands in Jefferson and Clearfield counties, Pa.
V. 62, p. 908; V. 63, p. 115. Clearfield A Mahoning securities are guar
anteed. As to All. & Western, see below.
D iv id e n d s .—On pref., in 1892, 5 ; 1893, It* p. o.; 1897,1 p. o.; 1898,
2 p. c.; 1899, 2 p. c,; 1900, Feb., 3 p. o.; Aug., 3 p. c.
B onds .—General 5s Cor $5,593,000 are reserved for prior bonds, etc.
The $3,000,000 debentures of 1897 are to be seoured by any subse
quent mortgage made except if made for refunding existing prior liens
or for extensions exclusively; debentures are subject to call at 105,
any January or J uly. See V. 64, p. 706. R. & P. income 6s, $5,000. A
sinking fund of 5 per cent will retíre equipment bonds annually on May
1, if purchasable at or below par, otherwise tob e applied to the purchase
o f additional equipme nt. V. 68, p. 1131; V. 71, p. 134.
The Allegheny A Western Rv. has been operated since Nov. 2,1899,
as an extension o f 60 miles from Punxsutawney westerly to Butler,
Pa., from which to Pittsburg and New Castle, Pa., the Pitts. & West,
is used under traokage agreement. The All. & W. is leased, and 6 p.
ct. on stock and 4 p. ct. on bonds guaranteed. V. 66, p. 335, 759; V.
69, p. ¿83, 500,1010. (See this Suppt ., Al. A W.)
E arnings .—11 months,) 1899-0...gross, $4,520,989; net, $1,879,868
July 1 to May 31.
) 1898-9...gross, 3,578,327; net, 1,248,963
For 9 mos. ending Mar. 31, 1900, net, $1,377,608, against$987,324,
other inc., $14,096; charges, $864,556; sur., $527,148, agst. $263,099.
A n nual R e p o r t .—Fiscal year ends June 30. The annual meeting is
held at New York on the third Monday in November. The report for
1898-99 was given at length in V. 69, p. 488, 489. In 1898-99 carried
4,257,679 tons of bituminous coal (out of 6,247,910 total tons of freight
moved), against 4,092,850 in 1897-98.
Year end. June SO— 1899.
1898.
1897.
1896.
Gross earnings............. $3,788,456 $3,683,590 $3,311,766 $3,141,888
Net earnings................ $1,172,843 $1,122,018
$961,524
$856,976
Other Income................
13,512
22,514
35,510
37,889
$997,034
Total receipts.......$1,186,355 $1,144,532
Interest on b on d s....
668,110
$665,966
$598,777
Int. on floating debt..
330
4,264 ‘
46,705
Rentals.......................
127,964
121,981
120,665
............
Dividend on pref.......
120,000
120,000
$338,000
250,000
238.000
In October, 1899, new branch opened from Armstrong west to Estherville, la., 18 miles. Extension from Worthington, Minn., to Hardwick,
36 miles, completed in July, 1900.
Extension from Germania, la., to Albert Lea, Minn., 44 miles, to be
completed about August, 1900. In July, 1900, extension from Albert
Lea north about 48 miles reported to be proposed.
H istory .—Successor to the Burl. Ced. Rap. & Minn., foreclosed 1876.
Stock .—Authorized, $30,000,000; outstanding, $5,500,000; par, $100
The Rook Island Co. is understood to be a large stockholder.
'
D ividends — 5 1893.
’94.
’95.
’96.
’97.
’98.
’99.
1900.
Per cent. f 3
3
3
4
4
4
8
8
B onds.—Cedar Rapids I. F. A N. W. bonds are guaranteed (p. & i.),
and so endorsed; the $825,000 6s were called and paid April 1,1899,
and an equal amount o f consol. 5s of 1884 issued. V. 68, p. 185,721.
Of the B. O. R. A N. 5» o f 1884 (Central Trust Co., Trustee), bonds are
reserved to retire, if deemed best, all prior and divisional bonds. For
extensions bonds may be issued at $15,000 per mile for single and $7,500per mile for second track, the total author, issue not being limited.
Minneapolis A St. Louis bonds due June, 1927, numbered from 1,101
to 1,400, ior $500 each ($150,000 in all), have been assumed.
E aunings.—5 months, ) 1900....... Gross, $1,839,382; net, $542 357
Jan. 1 to May 31.
51899....... Gross, 1,781,666; net, 483,324
A nnual R eport .—Fiscal year ends December 31. Atith™ meeting
.)
is held on last TuesdayIQnn
in May. Report for v orvrr was in V. 70. d. 789
1899
01
lo n o
Year ending Dec. 31— 1899.
1898.
1897.
1896.
Gross earnings........$4,926,933
$4,545,643 $4,292,162 $4,450.035
Net earnings........... 1,432,761
1,430,821
1,243,330 1,083.303
Other receipts........
123,101
60,123
40,031
28,205
Total net income.. $1,555,862 $1,490,944
795,275
799,400
Interest on debt.......
Dividends................ (8) 440,000 (4) 220,000
Miscellaneous.............................
66,893
Surplus..................
Cash assets prev.yr.
Improvements, eto.
$320,587
1,362,292
347,820
$404,651
650,378
20,186
$1,283,361 $1,111.508
799,400
807,673
(4) 220,000 (4)220,000
472
1,642
$263,489
546,694
20,781
$82,193
754,812
146,677
Tot. sur. Jan. 1,’00. $1,335,059 $1,034,842
$789,402
$690,328
—(V. 68, p. 185, 5 6 7 , 721; V. 70, p. 6 8 4 , 789.)
B u tte A n a con d a Sc Pacific R y .—Butte to Anaconda, 26 m iles;
spurs, 22 m iles; Anaconda to Stuart, Mont., formerly part of Mont.
Union Ry., 8 m iles; total, 56 miles. Bonds authorized at $40,000 per
mile. Capital stock, $1,000,000 (par $100). On June 30, 1897, the
Great Northern owned $490,000 stock and $1,000,000 bonds; Ana
conda Copper Mining Co. owned $510,000 stock.
For year ending June 30,1899, gross, $959,172; net, $506,339; inter
est, rentals, etc., $53,147; balance, surplus, for year, $453,192. Divi
dends at 6 per cent per annum in 1898-99.
Calgary Sc E d m o n to n R y .—Owns from Calgary, Canada, to
Edmonton, Can., 191 miles, and to Fort McLeod, Can., 104 miles
Leased at cost of operating July 1,1896, for 5 years to Can. Pacific, V.
62, p. 1086. The Government subsidy (of £16,000 per annum for 20
years) and total net earnings will be applicable to payment o f in
terest, the balance of any coupon to receive scrip—redeemable out of
surplus earnings. On Jan., 1897, coupon 1 p. 0. was pa id; on July,
’ 97, coupon, ll* p. e.; Jan., ’98, 1% p. c.; July, 2 p. c.; Jan., 1899, 2
p. 0.; July, 2 p. 0.; Jan., 1900, 1^4 p. 0.; July, 2 p. o. The land grant
was 1,888,448 acres, of which about 407,402 acres unsold held (Oct.,
1899), by Government against subsidy. Stock $1,000,000, par $100.
In 1898-9, gross, $249,895; net, $78,9o2. In 1897-8, gross, $357,587;
net, $194,379. (V. 67, p. 27; V. 6 J, p. 1345.)
C aliforn ia E astern R y .—Owns 30 m., from Blake to Manvel
Nev. A reorganization in 1896 of the Nevada Southern Ry. Stock,
$588,800. Mortgage trustee is International Trust Co., Denver, CoL
Year ending June 30,1899, gross, $17,363; net, $2,664, President,
R. W. Woodbury, Denver, Col.
C aliforn ia Sc N evada R R . —V. 63, p. 29. Receiver, A. A. Grant.
C aliforn ia N orth w estern R y .—Operates under lease the San
Franoisco A North Pacific Ry., extending from Port Tiburon, Cal.
(whence ferry to San Francisco, 6 miles), to Ukiah, Cal., 106 miles, and
branches, 59 miles. Also, in 1900, proposed to build an extension
60 miles into the redwood forests of Mendocino and Humboldt count
ies, Cal. Incorporated in March. 1898. Stock authorized. $3,000,000;
issugd, $1,500,000; par, $ 100. Bonds, $2,000,000 authorized, issuable
at $25,000 per mile, to be guaranteed by »an Franoisco & North Paoiflo
leased for net profits for 20 years from Sept. 20,1898. Pres., A. W
Foster; V.-Pres., Geo. A. Newhall; Sec, and Comp., Thos. Mellersh.
For year ending June 30,1899, gross, $684,168 ; net, $253,654.—V. 67
p. 370, 688, 788.
’
C aliforn ia Pacific R y .—See So u th ern P a c if ic RR.
C am bria Sc Clearfield R R . —Cresson Jet. to Hoover’s Branch
Mill J ct., 50 miles; branches, 50 m. Stock (par $50) paid in $1,300,550 all
owned by the Pennsylvania RR. Co., which operates the property under
an arrangement terminable at option of either party. Net earnings are
paid as rental. A full abstract o f the mortgage was m V. 52, p. 976 In
year 1898, gross, $380,133; net, $131,354; interest and taxes.
$123,107. In 1897 gross $374,047; net, $122,460.
s o
INVESTORS’
SUPPLEMENT.
[Yol.
l x x i.
Subscribers w i l l confer a great fa v o r b y g iv in g Im m ed iate n otice o f any error discovered in tbese T a b les.
Bonds—Princi
RAILROADS.
INTEREST OR DIVIDENDS.
pal,When D ue.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par
of
For explanation o f column headings, &e., see notes of
Dividend.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Whom.
Canada Atlantic—Stock ($1,000,000 is pref.)..........
1st mortgage, gold (seeY . 62,'p. 277).V .'........c*
138
Canada Southern—Stock.......................1___ ............
459
1st M. $14,000,000 (Can. money). 8eeV.63.p.l88. 404
2d M. for $6,000,000. Canad’n money. Do.&o.e&r 404
Learn. &St. ClairlstM ., gold, gu., p.&i.(end)....o*
16
Canadian P a cific—Stock (See text).......................
Pref. stock limited to 4p. b., non-oumulative___r
Canada Central RR. 2d mortgage (now 1st)........ 269
Quebec Prov. due on Q. M. O. & 0 . and N. S. RR. 370
Can. Paoiflo, land mort, gold (redeem at 110)___
1st mortgage debenture sterling......................... 3,221
1st mort. on Algoma Branch, gold...............o**r 183
Land grant bonds, int. gu. by Can. Gov’t...e*&r
Consolidated perpetual debenture stock............
Securities op Principal L eased , etc ., L i NES.
$........
1,000
1,000
100
1,000
1878
1883 l , 000&c
1,000
1895
_
100
........
£100 &0
1880
’82-’83 . . . . . .
1881 500 «fee.
1885 £100 &0
1888 £100 &o
1888 £100 dec
1889 £ 1 &c.
1889
Manitoba S. W. Col. R’y $12,000 p. m., int. guar.g 218 1884
Atlantic & Northwest-^-lst mort. gold, guar.. c*&r 350 1887
North Shore Ry.—
1st M. C. P. owns $610,767... 205 1883
St. Lawrence < Ottawa— mort., goid, see text
&
1st
58 1876
Ontario &Quebec stock guaranteedln perpetuity
....
Ont. &Que. deben., interest guar, in perpetuity.. 671
Toronto Grey &Bruce, 1st M., gold, int. as rental. 191 1883
New Brunswick Ry.lstM.,gold,int.fromrental.o* 174 1884
Perpetual consol, debent, stock, int. guar.........
....
Minn. St. P. & S. Ste. Marie—See statement of that c o m p a
Duluth So. Shore &Atlantic—See statement of that o o m p a
Cape Fear < Yadkin Val.—See A tlantic & Y ad ki N R y .
&
Carolina Northern — mort., $5OO,O0O.GuP....
1st
43 1899
500 &o.
Stock , $2,000,000 common and $1,000,000 preferred.
E arnings in year ending June 30,1898, gross, $714,566; net, $178,-
5.—(V. 68, p. 669; V. 69. p. 178, 954; V. 70, p. 279.)
C an ada M ic h ig a n At C h icago.—Bonds worthless. V. 63, p. 838.
C anada Southern R y .—(See Map New York Central <t Hudson R.
Railroad.)—R oad—Main line from Suspension Bridge station, includ
ing the Cantilever Bridge to Windsor, Ont., 226 miles; branches to
Courtright, Ont., etc., 231 miles; total, 457 miles, of which 100 miles are
nominally owned by proprietary companies. Trackage, St. Thomas to
London, Ont., 15 miles. Double track, 98 miles.
Organization , Contracts, E tc.—The Company was chartered in
Canada February 28,1868, and debt readjustedin 1878. In Nov., 1882,
a d ose contract was made with the Michigan Central for 21 years
from January 1,1883, providing for the payment to Canada Southern
o f one-third the joint income over all fixed charges. The contract
provided for a re-apportionment every ilve.years, and in December,
1892, it was agreed to give the Canada Southern 40 per cent and the
Mich. Cent. 60 per cent of the first $1,000,000 of net earnings, any
amount over that to be divided on the basis of one-third and two-thirds,
as before. But under the original contract each company is still accorded
all benetit from the reduction in its fixed charges; consequently as the
Michigan Central to Jan. 1,1898, had reduced its charges about $327,000, that amount is credited to it before division is made V. 64, p. 5.
D ividends .— 1888 '89 '90 ’91 '92 93’ '94 '95 ’ 96 '97 '98 '99 1900
2 2
2
Since 1887........ .2 ^ % 2*a 3 ^ 2% 3 3 3 2>s 2 ^ 2
B onds.—Bonds are payable in Canadian currency.—V. 63, p. 188.
A nnual R eport .—The report for 1899 was in V. 70, p. 1092; Can"
ada So. share of earnings, $300,574; other income, $2,865 ; divi"
dends, $300,000 ; bai., surplus for year, $3,439. In 1898 Canada So*
share, $300.667 ; other income, $1,424 ; dividends, $300,000; balance*
surplus, $2,091. Total surplus Jan. 1,1900, $9,130.—(V. 70, p. 1 0 9 2 .)
C anadian Pacific R y .—R oad —Own a trans-continental railway
from Montreal to the Pacific Ocean, made up as follows June 1,1900.
Montreal to Vancouver......... 2,905 Under construction June 1,
Branches and auxiliaries.... 1,750
1900....................................... 127
Leased lines............................ 2,376 Operated acot. of owners___ 732
Also controlled but op. sep.Used jointly............................
94
ITMinn. St. P. & Sault Ste. M. 1,245
TiDuluth South S. & Atlantic 589
Total in traffic returns.......7,429
See each oo’s statement.
H istory , E tc.—incorporated Feb. 18,1881, under charter from Do
minion of Canada, receiving $25,000,000 in oash as a subsidy, also
25,000,000 acres of land, all to be fit for settlement. The Ontario
& Quebec. Montreal to Toronto Junction, 334 miles, was leased in 1883
for 999 years, and its stock and bonds guaranteed.
Stock .—The company bought of the Dominion Government an annu
ity of 3 p. c. per annum on the common stock for the ten years 18841893, the last payment having been made in August, 1893. The issue
o f preferred stock must never exceed one half the common stock.
D ividends — ) ’ 85, ’86-’ 89. ’90-’93. ’ 94. ’ 95. ’96. ’ 97. ’98. ’ 99. 1900Common p. o. > 4 3 y’rly 5 y’rly 5
0 2% 2 ij 4>s 4 Below.
Preferred p.c. )
Issued in 1894.
4 p. ct. yearly (2 A. & O.)
On common in 1898, April, 2*3 p. c.; Oct., 2 p. e.; in 1899, Apr., 2 p. c.;
Oct., 2 p. c.; in 1900, Apr., 3 p. c. (V. 70, p. 328.)
B onds, D ebenture Stock , g uaranteed B onds, E tc.—In May,
5 g- J. & J. N.Y.,Bk.Mont., & Mont. Jan. 5, 1909
Aug. 1, ’00,1%.
Jan. 1, 1908
Mch. 1, 1913
Oct. 1, 1945
Apr. 2, 00’, 3%.
Apr. 2, ’ 00,2%
Nov. 1, 1910
Mar.l, 1904-06
Oct. 1, 1931
July 1, 1915
July 1, 1937
July 1, 193»
Irredeemable.
15,000,000 2 in 1900 F. < A. N. Y., Gr. Cent, 'station.
fe
13,925,000
5
J. & J. N. Y., Union Trust Co.
5,650,000
5
M. <c 8. N. Y., Union Trust Co.
S
130,000
4 g. A. & O. Montreal, Bk. of Mont.
65,000,000 4 in 1899 A. & O. N. Y., 59 Wall St. < Lon.
fe
26,791,000
A. & o. London, Co.’ s Office.
4
MontreaL
973,333
6
Various
do
7,000,000
A. & o.
2,915,500
5 g. A. & 0 . Montreal, N. Y. or Lond’n
34,998,633
S
5 g. J. « s J. London, Baring B. & Co.
do
do
3,650,000
S
5 g. J. <c J.
3Jfig. J. <c J.
do
do
15,000.000
S
4
54,237,083
J. & J. London, Comp’ys office.
1,000
2,544,000
£100 <c £1,330,000
SO
£100
$616,120
£50 &e
£ 200,000
$100 $2,000,000
...... £4,007,381
£100
£719,000
£100
£630,000
......
£847,872
ny.
ny.
C am den & B u rlin g to n County R R . —Owns from Camden, N. J.,
to Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount Holly,
7 miles; total, 30 miles. Operated by the Pennsylvania RR., which
guarantees 6 per cent on stock. Stock, $381,925; par $25. Dividends
in January and July. In 1899, gross, $260,413; net, $26,620; loss to
lessee under rental, $10,796. In 1898, gross, $243,890.—(V. 64, p. 373.)
Canada A tla n tic R y .—Owns Ottawa, Canada, to Parry Sound via
Alburg, Vt., with bridge over St. Lawrence river, 40712 miles. Uses Ver
mont & Prov. Line By. to Swanton, Vt., there connecting with Boston &
Maine and Maine Central systems. Also has trackage Laoolle to
Rouse's Point, N. Y., 4 miles, there connecting with the Delaware &
Hudson and Ogdensburg & Lake Champlain systems. The company
also runs through trains to Montreal, using the Grand Trunk By. from
Coteau, Montreal-, 37 miles, under a traffic contract. Leases for 99
years the Central Counties By., extending from Glen Robertson to
Hawkesbury, 21 miles, and South Indian to Rockland, 17 miles; also
Pembroke & Southern By., Pembroke to Golden Lake, 20 miles.
Ottawa Am prior & Parry Sound By., Ottawa to Parry Sound, 260
miles, was completed in Deo., 1896, andin May, 1899, was amalgamated
with the Canada Atlantic. It was proposed to make a new loan to
consolidate the debts of the two oo’ s., but no action had been taken to
October, 1899.—V. 68, p. 669; see also V. 69, p. 178. Consolidated Co.
said to be authorized to issue $7,200,000 stock, of which $1,400,000
preferred, and bonds at $25,000 per mile.
The Canada Atlantic Transit Co., organized about Oct., 1899, with
$1,000,000 stock, will operate a fleet of steamers from Parry Sound to
Duluth, Milwaukee and Chicago.—V. 69, p. 954. The Great Northern
Ry. o f Canada, to be completed during the summer of 1900, will, to
gether with the Canada Atlantic, form a short through route for oceanbound freight from Parry Sound to the deep water docks at Quebec.
—V. 70, p. 279.
$3,000,000
3,450,000
$150,000
J. & D.
J. & J.
A. <c O.
S
15J.&D.
J. & D.
,T «S D.
. c
4 g. J. & J.
5 g. F. & A.
4
J. <c J .
S
N. Y., 59 Wall « cLondon
S
London, Baring B. « cCo.
S
do
do
Can. Pac. office, London.
Montreal and London.
London, Morton, Rose.
Toronto and London.
London.
do
June 1, 1934
Jan. 1, 1937
Apr. 20,1904
See text.
June, ’00, 3%Irredeemable.
July 26, 2882
Aug. 1,1934
Irredeemable.
S
5 g. A. <c O.
Philadelphia.
Apr. 1, 1929-
5 g.
5 g.
5
(6) 4
6
5
1888, the company relinquished its exclusive right to operate in Mani
toba lines to the International Boundary, receiving the Dominion Gov
ernment guarantee of interest on $15,000,000 of land bonds. Thesebonds are a lien on 15,444,200 acres o f land subject only to $3,426,000
land grant bonds of 1881, which are redeemable at 110.
List of securities held against consol, debenture stock in V. 70, p. 536»
In June, 1890, oompany agreed to guarantee the principal and inter
est of $20,000,000 4 per oents, to be issued by the Duluth South Shore
& Atlantic; also 4 per cent interest on consol, bonds o f the Minneapolis
St. Paul & Sault Ste. Marie and in 1899 interest on the 2nd m ortgage
4s of the latter. (See V. 50, p. 874; V. 51, p. 239; V. 52, p. 608; V. 68,
p. 669, 770.) Dul. S. S. & At. consols owned Jan., 1900, $15,107,000.
To the Atlantic dt Northwest Railroad, crossing the State of Maine,
the Dominion Government grants a subsidy of $186,000 per year till
1906 and Canadian Pacific guarantees the balance of interest money.
St. Lawrence < Ottawa bonds are endorsed with the Canadian Paciflo’ s
&
acceptance of a 999 years’ lease at a rental sufficient to pay 4 per cent
interest ou bonds, and the bondholders’ agreement to accept interest
at 4 per cent (instead o f 6 per cent as formerly), and to refrain from
demanding payment of principal during continuance of lease; the ma
turity of the bonds is June 15,1910.
The New Brunswick Railway consolidated debenture stock has
Interest guaranteed by C. P.; interest on the first mortgage bonds,
though not guar, is paid out of rental under 990 year lease o f 1890.
L ands .—Lands unsold Deo. 31,1899, were 15,590,063 acres o f Can
adian Paoiflo grant and 984,194 acres of Manitoba South Western
grant and 183,792 acres of Columbia and Kootenay grant. Total
sales in 1899. not including Columbia & Kootenay grant, were 416,806
acres, for $1,327,667.
G eneral F inances.—The stockholders in April, 1900. authorized ex
penditure of $3,264,489 during 1900 for bridges, ballasting, terminals,
equipment, etc., and also approved a lease of the Manitoba & North
western Ry., 253 miles, and of the Great Northwest Central Ry., ex
tending from near Brandon, on the main line, northwest fifty miles,
with an extension 20 miles under construction.—V. 70, p. 535, 995.
In 1899 £1,200,000 of 4 per cent preference stock was sold, and
proceeds applied to purchase of railways, extensions, additions, im
provements and equipment; also £1,147,400 4 per cent consolidated
deb. stock for the purchase of guaranteed securities.
E arnings.—5 mos.,
1 1900 ___Gross, $11,555,038; net, $4,220,140
Jan. 1 to May 31. 5 1 8 9 9 ....Gross, 10,326,084; net, 3,999,193
A nnual R eport .—Fiscal year to end June 30. Annual meeting is
held at Montreal on the first Wednesday in October. The report fo r
1899 in full was in V. 70, p. 526, 535. See also editorial p. 558.
1898.
1897.
Year ending Bee. 31.
1899.
6,568
6,681
Miles operated December 31..
7,000
$5,796,115$6,538,590
Passenger earnings.................. $7,098,097
15,257,897
16,231,445
Freight..................................... 18,738,885
2,995,5223,368,942
Mail, express and miscell....... 3,393,056
Total earnings.................... $29,230,038 $26,138,977 $24,049,535
57*16
59*92
Per ct. of oper. exp. to eam’gs.
58*16
Net earnings............................. $12,230,166 $10,475,372 $10,303,776
423,367
340,706
Interest received.....................
1,150,198
$13,380,364 $10,898,739 $10,644,482
6,774,320
6,783,367
Fixed charges.......................... 6,816,676
For steamships........................
155,000
Dividends on common stock.(5)3,250,000 (4)2,600,000 (4)2,600,000
(4) 364,026
(4) 472,708
Dividends on pref. stock....... (4) 954,840
$897,089$1,051,711
Balance, surplus............... $2,203,848
—(V.70, p. 3 2 5 , 328, 5 2 6 , 5 3 5 , 739, 995,1148.)
Cane B elt R R .—In June, 1900, operated Sealy to Wharton, Tex.,
43 miles, and under construction to Bay City; total, 72 miles. I n
June, 1900, the Texas RR. Commission had authorized issue of $402,000 twenty-year 5 per cent bonds, dated Dec. 1,1899, on the 28 milesfrom Sealy to Bonus. Lincoln Trust Co. of St. Louis is understood
to be trustee. President, William Dunovant; Vice-President, W. T.
Eldridge; Sec., Chas. Boedeker. Office, Eagle Lake, Tex.—V. 69, p. 645;
V. 70, p. 1290.
Cape F ear & Y a d k in V alley R y .—See Atlantic <cYadkin Ry.
S
C arolin a Central R R . —Owns from Wilmington, N. C., to Rutherordcon, N.C., 267 miles, of which 2 ^ m. (Wil. R. Bridge) owned jointly.
Controlled by Seaboard & Roanoke and Raleigh & Gaston. New stock;
Common, $1,500,000; pref. 5% non-oum., $500,000; par, $100.
O rg an ization .—Reorganized without foreclosure in 1898-99 per
plan in V. 67, p. 273. Consolidation with Seaboard Air Line Ry. pend
ing in Apr., 1900.—V. 69, p. 334, 542.
Bonds.—To retire all the old bonds was filed in Nov., 1898, the new
$3,000,000 4 per cent mortgage, guaranteed principal and int. by Sea
board & Roanoke and Raleigh & G aston. See guaranty in V. 68, p. 472.
Bridge bonds guaranteed by Carolina Cent., wil. Col. & Aug. and Wil.
& Weldon; consols being substituted for the old 1st and 2d mortgage*
bonds; $20,000 consols were also reserved for new draw for bridge, of
which $16,000 have been issued. In March, 1899, all the old bonds,
excepting $30,000 lsts, $22,400 2ds and $62,833 3ds, including scrip,
had assented to the reorganization agreement. V. 68, p. 472.
E arnings.—In year ending June 30 earnings have been as follow s:
Ju l y ,
1900. J
RATT.ROAD
STOCKS
AND
31
BONDS.
Subscribers w i ll con fer a great fa v o r b y g iv in g im m ed ia te n otice o f any error discovered in these T a b les.
Bonos—Princi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
For explanation o f column headings, &c., see notes of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Laßt,
Road. Bonds Value.
on first page of tables.
Cent. Payable
Whom.
Dividend.
Carolina d Northwest.— 1st mortgage, $450,000....
k
General mortgage, gold, $14,000 per mile...o*<fcr
Carson d Colorado—1st M. for $3,500,000,g.,s.f.o*&r
k
Carthage d Adir.—1stM. $1,600,000 g..gu.p,<fei.o*&r
k
Carthage Water.dk Sack.Har.— IstM . g.,gu.n.&i.end.
Catasauqua d Fogelsville— 1st mortgage, g .P P .c *
k
Catawissa—Fret. stocks, 5% gu. P. & R. Ry. See text.
M. bonds (see option V. 70,p.429; V.71,p,134)...o
1st mortgage (see option V. 70, p. 429)............. r*
1st consol, mort., $2,215,000, gold............P P .o *
Catskill Mountain — First mortgage..........................
110 1897
$500
110 1900
1,000
300 1892
1,000
43 1892
1,000
29 1891
1,000
....
1898
1,000
98 . . . .
50
93 1870 500 &o.
....
1862
500
103 1898
1,000
16 1885
1885
34
30
Cayuga d Susq.—Stock, 9 p. c. rental D. L. & W . . . .
k
Central Branch—
Cent. Br. U. P. 1st M., g., not subj. to call.Un.o* 100
Central Branch, 1st mort., guar., gold...........M e 288
Cent, o f Georgia R y — 1st M.,$7,000,000, g.C*<fer. 312
Consol, mortgage, $18,500,000, gold...... Mee*&r 1,116
MobileDiv. IstM . (Columbus to Searight) g...o* 122
Macon & North. Div. 1st mort., $840,000, gold.o* 102
Mid. Ga. & At. Div. 1st M.,$9,000 p. m .,cur..G o* Text.
21
Eatont.Br.lstM.not guar.by Cen.Ga^g-.call par
1st pref., incomes 1 Interest up to 5 p. e., o*
2d do
do
>
if earned,
o*
3d do
do
)
non-cumulative.
o*
Cent. RR.&Bk. coll.trust bonds, g. , red. at 110.c* . . . .
Guaranteed , etc., securities.
Ocean SS. Co. 1st mortgage, gold, guaranteed...o . . . .
Augusta & Savannah stock (no bonded debt) .........
53
Southwestern Railroad stock (no bonded debt) . . 333
Central Massachusetts—Pref. stock (see text) ............. . . . .
99
Debentures, $500,000 ..........................................................
1898
1899
1895
1895
1895
1895
1897
1896
1895
1895
1895
1887
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
1,000
1,000
1,000
1890
1,000
100
100
100
1,000
....
1886
1895
1 .0 0 0
^ W
$980,000
2,000,000
1,100,000
300,000
135,000
See text.
1,220,500
229,500
765,000
50,000
238,000
589,110
2,500,000
3,459,000
7,000,000
16,500,000
1,000,000
840,000
413,000
168,000
4,000,000
7,000,000
4,000,000
4,880,000
5
5
4
4
5
4
5
7
6
4
5
6
9
M.
M.
J.
J.
J.
J.
M.
F.
F.
g. A.
F.
g.
g.
g.
g.
g.
& N.
& N.
& J.
& D.
& J.
& J.
& N.
& A.
& A.
& O.
& A.
New York City,
N.Y.,Grand Cent.Stat’n
Philadelphia, Pa.
Philadelphia Co.’s office
Phila., Phil. &Read. Ry.
do
do
do
do
O’ skill,N.Y., Tan.NL Bk.
Divid’d pd. Sept. 10,’97.
J. & J. New York, 52 Wall St.
4 g. J. &
4 g. F. &
5 g. F. &
5 g- M. &
5 g. J. &
5 g- J. &
5 cur J. &
5 g. J. &
Up to 5 Oct.
Up to 5 Oct.
U pto 5 Oct.
5 g- M. &
1,000,000
5 g1,022,900
5
5
5,191,100
3,949,900 lia in ’ 99
5
2,000,000
100.000
5
Exch. Bk.f Chester, 8.C.
J.
J.
J.
J.
A.
A.
&
&
&
&
&
&
D.
A.
A.
N.
J.
J.
J.
D.
1
1
1
N.
N. Y., Merc. Trust Co.
Do
do
N.Y. GuarantyTrustCo.
do
do
do
do
1927
May 1, 1950
July 1, 1941
Deo. 1, 1981
July 1, 1931
July 1, 1928
May 19,’00,21«
Aug. 1, 1900
Aug. 2, 1902
Apr. 1, 1948
Aug. 1, 1905
Aug. 1, 1915
July, ’ 0 0 ,4i«%
June
Feb.
Nov.
Nov.
Jan.
Jan.
Jan.
June
Oct. 1, ’ 99, paid 2 p. c. Nov.
New York, when earned Nov.
do
do
Nov.
N. Y., Guaranty Tr. Co. May
J. N.Y., Guaranty Tr. Co.
J.
Savannah, Ga.
J. Savannah and Macon.
D. Boston, 53 State St.
O.
O. Boston Office & Fed.Tr.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1948
1919
1945
1945
1946
1946
1947
1926
1945
1945
1945
1937
July 1, 1920
July, 00’ , 2i«%
Ju ly.’0 0 ,2i«%
June 1,’ 00,%%
Oct. 1, 1906
Oct. 1, 1906
Gross.
Net.
Charges.
Balance.
anty V. 70, p. 279. For calendar year 1899 (388 miles), gross, $1,263,1898-99.................. $666,065
$165,447 $129,854
$35,593 053: net, $358,797; other receipts, $7,416; interest, $226,830; taxes,
182,772
116,067
sur. 66,705 including $39,189 prior to 1899, $86,611; miscellaneous, $417; bal.»
1897-98.................. 616,416
sur., $52,356.—V. 70, p. 75, 279,1148.
President, John Skelton Williams, Richmond, Va. —(V. 69, p. 334.)
C entral o f G eorgia R a ilw a y .—System includes:
C aro lin a N orthern R R .—Projected from Lumberton, N. C., to
Marion, S. C., 43 miles, of which Lumberton to Barnes ville, N. C., 14*4
Lines owned m fee.
Miles.
Lines leased—
Miles.
miles, completed July, 1900. Stock, $500,000, all outstanding; par Savannah to Atlanta........ ... 295 Southwestern RR.—
o f shares, $10. Floating debt, April, 1900, $17,500. Pres, and Gen. Gordon to Covington.............
82
144
Macon to Eufaula.......... .
Mgr., Augustus Mellier, 318 Bourse Bldg., Philadelphia, Pa.
Columbus to Birm’gham,Ala. 156
Fort Valley to Perry..........
12
Columbus to Amerious..........
62
Fort Valley to Columbus...
71
C arolina & N orth w estern R y .—Owns narrow-gauge road
79
Smithvilleto Colum bia....
85
Chester. S. O., to Lenoir, N. C., 110 miles. Reorganization Feb. 28, Montgomery to Euf aula, Ala.
50
Cuthbert to Fort Gaines. . .
21
1897, o f Chester & Lenoir, foreclosed. In March, 1900, nearly all the Columbus to Greenville, Ga.
36 Augusta & Savannah RR.—
stock and a majority of the bonds had been acquired by a syndicate. Opelika to Roanoke...............
Euf aula to Ozark....................
60
Millen to Augusta...............
53
The stockholders voted on April 24,1900, to increase the capital
60 Chattah. & Gulf (building).......... .
stock to $1,000,000 common and $ 1,000,000 preferred; to issue a Griffin to Carrollton...............
Savannah to Tybee...............
18 Fropr’ y Line—Upson Co.RR.
new general mortgage at $14,000 per mile (including $2,000 for equip
Barnesville to Thomaston.. 16
ment in 1903 and 1904) to standard-gauge the road and extend the Columbus to Andalusia......... 138
same to a connection in East Tennessee. Of the $1,320.000 issuable Macon to Athens.................... 102
Total operated..................1,540
on the 110 miles now operated, $440.000 were to retire old bonds, dol
-------- Ocean Steamship Company,
lar for dollar. V. 70, p. 840, 893. In July. 1900, standard-gauging
Total owned (and oper’d)*.1,138 j estimated equivalent o f___ 300
was in progress. Year 1898-99, gross, $126,645; net, $40,901. Presi
* In addition owns m fee Meldrim to Lyons, 58 miles, now leased to
dent, Wm. A. Barber, 35 Nassau St., N. Y .— 70, p. 632, 840, 893,
(V.
Georgia & Alabama RR., making total mileage owned, l , l u 6 miles. In
1095.
Sept., 1899, extension from Searight, Ala., to Andalusia, 16 miles,
Carson Sc C olorado R y .—(3-foot gauge.)—From Mound House, included above, was opened. The Chattahoochee & Gulf, almost com
Nev., to Keeler, Cal., 293 miles; branches, 7 miles; total, 300 miles. pleted in June, 1900, from Columbia, Ala., to near the Pea River, 68
Stock, $6,300,000 authorized; $4,380,000 issued; par $100. In Feb., miles, is leased the line to be turned over to the Central of Georgia
1900, substantially all the stock and bonds were acquired by the as completed. Y. 70, p. 1194.
Southern Pacific and the road will be broad-gauged and extended
Organization —Organized Oct. 17,1895, and Nov. 1 succeeded to the
northerly to a connection with the Central Pacific and southerly to properties of the Central Railroad & Banking Co. of Georgia, sold in
Mojave on the Southern Pacific, about 100 miles. V. 70, p. 381, 685. foreclosure and reorganized per plan in V. 60, p. 1008 and V. 61, p. 68.
For year ending June 30,1899, gross, $146,238; net, $42,060; charges, Mid. Ga. & At. was purchased Jan. 1,1897. V. 65, p. 324; V. 62, p. 456;
$97,375; balance, deficit, $55,315. In 1897-8, gross, $153,559; net, V.64, p. 82,180; V. 70, p. 279. In 1898 purchased entire $250,000stock
$23,477. On June 30,1894, matured interest coupons unpaid amount of Bruton & Pineora Ry., projected Bruton to Pineora, 98 miles,
ed to $120,000.- Y . 70, p. 381, 685.
Bruton to Register, 58 miles, in operation in 1899.—(V. 67, p. 687.)
C arthage Sc A d iro n d ack R y . —(See Map N. T. Central.)—Owns
Stock .—$5,000,000, held by interests friendly to Southern Ry,
from Carthage to Newton Falls, New York, 46 miles. The entire stock,
Bonds.—The first mortgage o f 1895 (described in V. 63, p. 1160) is
$500,000, is owned by the New York Central RR., which in April, a first lien on the main line from Atlanta to Savannah, including the
1893, leased the property in perpetuity and guaranteed its $1,600,000 Milledgeville branch (312 miles in all), all equipment and appurten
bonds, of which $500,000 were for extensions, etc. (V. 57, p. 218.)
ances and the equity in $1,995,000 of the capital stook of Ocean
Carthage W a te r to w n Sc Sacketi’ s H a r b o r R R . —(Nee Map Steamship Co. of Savannah. Trustee, Guaranty Trust Co. of New York.
Application for listing firsts and consols, in V. 63, p. 1160.
N. T. Central.)—Owns from Carthage to Sackett’s Harbor, N. Y., 29 miles.
The consolidated mortgage (see abstraot in V. 61, p. 873, also see
Controlled by N. Y. Central, which owns $483,300 of the stock and
V. 63, p. 1160) is a first lien upon 580 miles [including form er
guarantees the bonds. Leased to R. W. & O. for 37*2 p. c. of gross
earnings. Rental in 1898-99, $43,875; in 1897-98, $44,163; in 1896-97, Mont. & Eufaula RR., Sav. & Western and Sav. & Atl.]; also on
the leases of the South Western and Augusta & Savannah roads and
$36,083 Capital stock $465,845 common and $21,500 preferred.
the stook of New England Steamship Co., and a second, lien upon the
C atasauqua Sc F o gelsville R R . —Road from Catasauqua, Pa., to main line, its equipment, eto., and also on the Macon & Northern and
Rittenhouse Gap, Pa., 29‘5 miles. Opened in 1857; in 1890 the Phila
It may be
delphia & Reading acquired control through ownership of a majority of Mobile & Girard. It also covers all leaseholds, securities, etc. not more
increased $2,000,000
$16,500,000 to $18,500,000, at
the<capital stock of $426,900 (par, $25.) Of the stock $254,125, owned than $500,000 in any fromyear, for betterments and for equipment.
one
by P.& R., is deposited as part security for Read.ooll. trust deed of 1892.
Macon d Northern Division bonds are also direct obligations of thek
C ataw issa R R . —Owns from Tamanend, Pa., to Newberry Jo., Pa., Centrai Ry., with first lien from Macon to Athens, Ga., 105 miles.
98 miles, and branches, 5 miles. Re-leased Deo. 1,1896, for 999 years
Middle Georgia d Atlantic Division bonds are issued at $9,000 per
k
to Philadelphia & Reacting Railway. Rental, interest on the bonds, 5 mile, of which $8,000 was for purchase of road and $1,000 retained
p. c. dividends on the preferred stock, all taxes, and $8,000 for by Cent, of Ga. for betterments; subject to the Eatonton Branch
organization expenses. Bee also V. 63, p. 969.1116. Of the preferred bonds, $168,000 on 21 miles, the firsts of 1897 cover the 65 miles of
stocks in 1898 $2,200,000 was first preferred and $1,000,000 second M. Ga. & At. Division. (V. 65, p. 823; V. 64, p. 180; V. 65, p. 324.)
preferred and common was $1,159,500; par $50. Of the new 1st consol,
The preference income bonds, subject to the prior mortgages, covey
mortgage 4s of 1898, $1,450,000 are reserved to retire 7s and 6s due the main line and the former Savannah & Western, Columbus & Rome,
1900 and 1902, and $765,000 remainder issued in exchange for re Montgomery & Eufaula^ Mobile & Girard, Macon & Northern and
maining bonds o f the company. Y. 66, p. 1139; V. 70, p. 429; V. 71, Savannah dc Atlantic RRs., and their equipment, etc.; also all
p. 134.
leaseholds, securities and equities of properties acquired by the new
C atskill M o u n ta in R a ilw a y .—Owns narrow-gauge road from 1 company;. They are non-cumulative and bear interest not exceeding 5
Catskill, up the Catskill Mountain, to Palenville, N. Y., 16 m iles; leases per cent in any one fiscal year, but payable only out of net earnings
Cairo RR., Cairo Junction to Cairo, N. Y., 4 miles; total, 20 miles. as declared and secured by the deed of trust. On 1st pref. incomes,
Stock, $89,000. There are also second incomes for $15,600 6 p. c. paid lia p. c. in Oct., 1896, 2^4 p. o. Oct. 1,1897, 2 p. o. Oct. 1,1898,.
First incomes have one vote for each $100. E arnings .—Year ending and 2 p. c. Oct., 1899. (V. 65, p. 410; V. 67, p. 529; V. 69, p. 491.)
Collateral trust mortgage abstract was in V. 45, p. 242.
June 30,1899, gross, $56,401; net, $20,660; interest, etc., $10,130.
L atest Earns ., 11 m os.) 1899-00...Gross, $5,678,664; net, $1,804,103
C aynga Sc Susquehanna R R .—Owns from Susquehanna River
July 1 to May 31.
) 1898-99.. Gross, 5,396,285; net, 1,735,839“
to Ithaca, N. Y., 34 miles. Leased during length o f charter and renew
als thereof to the Delaware Lackawanna & Western at a rental of
A nnual R e p o r t .—Report for 1898-9 in V. 67, p. 849.
$54,600 a year. On Deo. 30,1897, the corporate existence of this
Years end. June 30—
1899.
1898.
1897.
company was extended for the period o f 50 years from Jan. 1,1900.
Gross earnings............................ $5,767,346
$5,507,070
$5,280,696
3,433,777
3,271,594
Cedar R a p id s Garner de N orth w estern R y .—Garner, la., to Total operating expenses.......... 3,759,978
206,734
176,132
180,968
Titonka, 26-97 m., operated from about Nov., 1898, of which Garner to Taxes............................................
Hayfield, 8*59 miles, is Burl. Ced. Rap. < Nor. trackage. Extension Net earnings from operation..$1,800,634
fc
$1,897,161
$1,828,134
proposed in July, 1899, from Titonka to Bancroft, 50 miles, for which From steamships, etc..... .........
110,275
329,807
215,218
stock was authorized to be increased from $250,000 to $350,000; out
Total.................................... $2,015,852
$2,007,436
$2,157,941
standing March, 1900, $30,000. First 5 per cent gold mortgage (1 bond
DEDUCTIONS PROM INCOME FOR T E A R 1898-9.
only) $147,000 due Oct. 25,1900. Year ending Deo. 31,1899, gross,
$34,430; net, $10,358; int. on bond, $6,174; bal., sur., $4,184. Pres’t, Interest on funded debt$l,536,800 I Total deduct’s from inc.$l,956,964
A. C. Ripley; Sec., H. H. Bush, Garner, la.; Treas., H. N. Brockway.
Rentals, eto....................
420,164 |Net income....................
58,888
Of f ic e r s .—J. F. Hanson, Chairman Board of Directors. Macon, Ga.;.
Central R ran ch R y .—Owns Lenora to Atchison, Kan., 293
President, John M. Egan, Savannah, Ga.—(V. 70, p. 279, 739, 1194.)
m iles; Jamestown to Burr Oak, Kan., 33 m.; branches, 62 m.; total.
388 miles. A consolidation in July, 1899, of the Central Branch
Central M assach u setts R R . —Owns North Cambridge to North
Union Pacific Ry., Atch. Colorado & Pac. and Atch. Jewell Co. & West. ampton, Mass., 99 miles. The stock is $7,421,592 (par $100), of which
Stock, $7,585,000. The $3,459,000 1st 4s of 1899 are guaran $3,950,492 is preferred and controls the company until 8 per
teed, prin. and lnt., by the Mo. Pac. (see V. 63, p. 329). Form of guar cent dividends shall have been earned thereon in any one year.
9 2
INVESTORS*
SUPPLEMENT.
[V o l . L X X I.
Subscribers w i ll con fer a great fa v o r by g iv in g Im m ed ia te notice o f an y error discovered in these T a b les.
RAILROADS.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due,
Amount
Par
For explanation of column headings, &o., see notes of
of
Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Central New England—Common stock...................
Preferred stock, 4 per cent......................................
1st M., $1,250,000, call at 105 after 1904.FP.C*
Gen’l mort.. 5 p. o. incomes, $ 8 ,500,000.F P ___r
Dutchess Co. RR., 1st M .,gold, guar, (seetext).e*
C entral P a cific—
Common stock. $67.275.500.......................
Preferred stock, 4 p. c., cum., $20,000,000..........
1st ref. M., $100,000,000, g., gu.,p.&i.en.Ce.o*&r
New 3*28, $25,000,000, g., gu., p.<fe i. end.Us.c*<fcr
Notes for U. S. debt,due $2,940,635 half-yearly.
O ld Securities not E xchanged . See foot
1st M. S. Joaquin Yah Br., gold (s. f.) $5,678,000
OaL & 0 . 1st M., ser. A, g. (ext.). ) #1 n o An non 5
Series B, gold (extended)____ t $10,340.000 ^
Mort. g., 5s, 1939, Id. gr., gu., s. f., $10,245,000.c
Cent. Pa. <t WesVn.—WilkesD. & West., 1st M., g.c*
Cent. B it. o f N. J .—Stock ($30,000,000 author)..
Bonds, seouredby consolidated mortgage of 1874
Convert, debentures, convert, into stock till 1907
58
58
12
1899
1899
1890
$100
100
1,000
1,000
1,000
$3,450,000 ) To be h
3.150.000 5 is pai
650.000
5 g.
7.250.000
5 g.
350.000 4*fl (6) g.
eld in tr
d on gen
F. & A.
Oct. 1.
J. & D.
ust for ten years, or un
eral mortgage for two
Fid. I.T.& 8.D.C0., Phil.
Yearly ,fcif earned.
Fid. I.T.& S.D.Co., Phil.
til 4 per cent
years.
Feb. 1, 1919
Feb. 1, 1949
June 1, 1940
67,274,200 Held by South’n Pacific Company.
100 12,000,000 Held by South’n Pacific Company.
1899 500 &c. a 54,743,000
4 g. F. & A. 1st op.pay’eFb. 1,1900 Aug. 1, 1949
1899 500 &o. 20,486,000
31« g. J. & D. 1st cp. pay. Deo. 1,99. Aug. 1, 1929
1899
3
44,109,537
Fb.*02-Feb.’09
note b
146 1870 1,000
353.000
A. & O. N. Y., S.Pao.Co., 23 Br*d. O ct 1, 1900
6 «•
1,000
296 1868
J. & J.
do
do
K g- J. & J. N.Y.,S.Pao.Co.&London Jan. 1, 1918
296 1872 1,000 | «537,000 $
191*8
K g- A. & O. N. Y. & San Francisco. Jan. 1, 1939
1,000
1,360 1889
dl56,000
Apr. 1,
£ g- J. & J.
31 1886 1,000
620.000
July 1, 1926
100 27,055,800 4 in 5 g- Q.—F. N.Y.Off.,143 LibertySt. Aug. 1 ,’ 0 0 ,1>4
1899
1872 1,000
1,167,000
M. & N. N. Y., Liberty NahBk. Nov. 1, 1902
7
1,000
1883
410,000
6
M. & N. N. Y., Liberty Nat. Bk. May 1, 1908
a Balance, $44,109,537 retained as collateral for 3 per ce nt notes held by U. S. Gover nment.
b Amounts before ex change began
are shown in left hand column; amount ou tstand mg is as in Ju ne, 1900. A dditional bonds held in sinking fund Fe bruary, 1900;
c $65,000; d $127,000.
1.349
1.349
D iv id e n d s ........ $ Jan., 1896.
1896. 1897. 1898. 1899.
1900.
P e r c e n t.........( 1*2 f o r ’95. 1*3
l1
«
l*a
l1
«
June, \
Leased to Boston & Lowell for 99 years from 1886, at a rental of 20
p. o. of gross np to $1,000,000 and 25 ¡per cent of excess above that
sum, but with a guaranty o f sufficient rental to pay Interest. On July
17.1900, stockholders authorized the sale o f the road to the B.
& M., the latter to issue its common stock or pay cash, at its option, on
terms to be fixed by the RR. Commission, with the right for a brief
period to appeal to the courts if those terms are not satisfactory. V.
71, p. 83; V. 68, p. 570, 669,1224. The price agreed to be paid for the
preferred stock is $65 per share. For year ending Mar. 31, 1900,
ross, $958.213. In 1898-9, gross earnings, $835,787; rental, etc.,
167,370; interest, $117,592; dividends, $59,163; deficit, $9,385.—(V.
70, p. 1149; Y. 71, p. 83,134.
C entral N e w E n g la n d R y . - Owns from Campbell Hall, cross
ing the Hudson River at Poughkeepsie by its own bridge, to Silvemails, 58 miles; and leases and controls Hartford & Conn. Western
RR., Hartford to Rhineeliff, 109 miles; total, 167 miles; also Dutchess
Co. RR.. from Poughkeepsie to Hopewell Juno., 12 miles; trackage, 1
mile. The extension from Tariffville. Conn., to Springfield, Mass., 18
miles, almost completed in July, 1900. See V. 70, p. 739.
Organization .—Incorporated in January, 1899, per plan in V . 66
p. 574, and V. 67, p. 789. as successor of Phil. Read. & New Eng. RR.
sold in foreclosure Oct. 6.1898.—V 68, p. *4. In January, 1899, per
sons friendly to Boston & Albany acquired a large interest. Y. 68, p.
41, 84. Owns $1,390,000 Hartford & Conn. Western stock.
f
Stock .—The stock is to be held in trust for ten years, or until 4 p. ointerest is paid on general mort. for two years.
B onds. —Of the first os, $650,000 were issuable at once for assess
ments, line t >Springfield, etc,, and $600,000 will be reserved for im
provements. Interest on Dutchess Co. RR. firsts reduced to 4 ^ p. o.
E arnings.—11 months ending May 31:
Year—
Gross
Net.
Charges. Bal., swr.
1899-1900................... $648,320
$136,620
$137,865 def.$l,245
1898-1899.................... 614,120
195,302
122,773
72,529
For years ending June 30 earnings of old company were as follows:
Year to June 30—
Gross.
Net.
Charges.* Balance.
1897-8.............................$681,611 $213,529 $135,896 sur.$77,633
1898-9............................. 677,206 205,266
136,281 sur. 69,985
* N ote .—E xcluding bond interest.
Officers .—John W. Brook, of Phila., President; J. K. O. Sherwood,
o f N. Y., Treas, and C. A. Heller, of Phila., aeo’y—Y. 70, p. 739,1194.
Central N ew York; & W estern It I t ,—In 1899 consolidated
with Pittsburg Shawmut & Northern RR., which see.
C entral O hio R R . —In Jan., 1900, the new B. & O. securities
were delivered.—V. 70, p. 75.
Central Pacific R y .—(See Map o f Southern Pacifie.)
Lines owned—
Miles.
Miles.
San Francisco, Cal., to near
Branches to San Jose, e t c ....
35
Ogden, Utah.................... 871
Trackage—
Lathrop, Cal., to Goshen, Cal. 146 Northern R y„ Main Line.......
6
Roseville Junction, Cal., to
Union Pacific into Ogden
5
Oregon State Line.......... 296
Total......................................1,359
Organization .—Incorporated in Utah in July, 1899, as successor of
the railroad under the plan of readjustment in V. 68, p. 378, by which
plan the Southern Pacific acquired the entire capital stock and
guaranteed the principal and interest of the two new Central Pacific
bond issues shown above. The old indebtedness, including the U. 8.
Government loan, excepting (in June. 1900,) $1,046,OOu bonds, of
which $353,000 will mature Oct. 1,1900, has been discharged. The
new securities are:
(1) Common stock, $67,275,500, all held by So. Pao. Co.
(2) Preferred stock, 4 per cent cumulative, authorized issue $20,000,000, delivered to Southern Paoiflo Co. in consideration of issue
o f equal amount at par value of the Southern Paoiflo Company’s 4 per
cent gold bonds; of which delivered on completion of readjust
ment, $12,000,000; reserved to be delivered only to provide addi
tional funds, if required, for the payment of 3 per cent notes to the
United States, and thereafter only for betterments and additions,
$3,000,000; reserved to be delivered for improvements and additions
at not exceeding $200,000 yearly, $5,000,000.
(3) First refunding M. gold 4s, $100,000,000, and secured by all
the railroads, terminals and equipment now owned, including about
1,349 miles of first track, etc., by deposit as collateral security of over
95 per cent o f the old mortgage bonds. Of the authorized issue
$44,109,537 is held by the United States as collateral for 3 per cent
noteB. See A bstract, V. 69, p. 808, and V. 70, p. 739.
(4) Thirty-year gold 3*28, $25,000,000, secured by a second lien
upon all the properties covered by the 1st ref mortgage, and also by
deposit with the Trustees as acquired of all securities and moneys held
in any sinking fund o f the Central Paoiflo RR., consisting Jan: 1,1899,
o f $12,553,000 in securities -and $86,459 cash, and by a trust deed
upon all the lands covered by the mortgage dated Oct. 1,1870
Bee Mortgage Abstract, V. 69, p. 858; also see p. 851. From the pro
ceeds of these sinking funds and land sales cancellation o f bonds w ill
be made from time to time; in February, 1900, $2,505,000 3*98 were
canceled, reducing the amount outstanding to $21,090,000. In July,
1900, still further reduced, the New York Stock Exchange reporting
as outstanding, $20,486,000 as above.—V. 70, p. 739.
(4) Twenty three-per-cent notes, aggregating $58,812,714. issued to
the Government in settlementof subsidy debt; $14,703,179 paid, leav
ing $44,109,537 to mature, $2,940,635 half-yearly Feb., 1902, to Feb.,
1909. First refunding 4s are deposited to retire them when due.
Status o f New Oompang.—The fixed charges will aggregate $4,875,000; on the 4s held by the Govern nent the saving o f 1 per cent per
annum until Feb. 1,1901, or about $470,000, while the sinking funds
will earn about $695,000, making net charges $3,710,000. V. 70, p. 7 39;
L and Grant .—Total land grant was about 12,000,000 acres, of which
about 7,370,000 acres remained unsold on Feb. 1, 1899. Sales in
1898-9, 43,420 acres; cancellations, 8,340 acres. Land contracts on
hand July 1, 1899—uncompleted payments, $131,508; principal o f
deferred payments. $630,692; and interest do., $583,914; average
price per acre, $4 70.
G eneral F inances.—Cancellation of the 3**s of 1899 are being
effected from time to time from the proceeds of the sinking funds ana
also from land sales, $2,505,000 of the bonds being thus retired early
in 1900. V. 70, p. 279,739. Payment of one of the notes for $2,940,635 held by the Government was anticipated in Feb., 1900, releasing
an equal amount of 4s deposited as collateral, which were sold.—V. 70.
p. 429,480.
The Southern Paoiflo Co. has acquired the stock of the Cent. Paoifl
RR., issuing its own stock for $67,275,500 as part consideration, and
also $36,819.000 collateral 50-year gold 4s, secured by a collateral
trust mortgage covering all the new Cent. Pao. preferred and common
stock acquired. See statement for Southern Paoiflo Co.
E arnings. —11 mos., > 1899-’ 00..Gross, $16,936,667; net, $6,663,253
July 1 to May ■
31. $ 1898-’99..Gross, 14,943,705; net, 5,642,217
A nnual R eport -Fiscal year (since 1896) ends June 30. In 189899, gross, $16,401,027; net, $6,362,378; other income, $62,682; int.,
taxes, sinking funds, etc., $5,647,340; bal., payable to Cent. Pao. as
rental, $777,720. Abstract of report for year ending June 30,1898,
was given in V. 67, p. 1157,1163, showing gross, $i5,766,349; net,
$6,544,679. For the calendar years.
Year ending Dec. SI—
1896.
1895.
1894.
Gross earnings..........................$12,527,084 $13,045,657 $13,118.245
—V. 69, p. 1103; V. 70, p. 279, 429, 480, 739, 1194; V. 71, p. 134.
Central R y . o f N ew t t r n n s w i c k .- Norton Station (on Inter
colonial Ry.) N. B., to Chipman, N. B., 46 miles, opened in 1888. In
1897, southern division, Hampton to Quaco, N. B., 30 miles, was sold
to Hampton & St. Martin’s Ry. Extension was proposed from Chipman to Newcastle coal fields, 15 miles, and subsidy of $48,000 author
ized therefor. Stock, $900,000, all outstanding. Bonds issued,
$540,000 fifty-year coupon 6s ($1,000 each), due Nov. 1, 1937, int.,
M.
-V., payable in New York, N. Y., London, England, and St. John,
N. B.: Central Trust Co., N. Y., Trustee; President, 0. Ford Stevens;
Sec., W. J. Fowler; Treas. and Gen. Mgr., E. G. Evans.—V. 63, p. 116.
Central R R . o f New Jersey.—( See Map)—R oad —Operates from
Jersey City, opposite New York City, westerly to Wilkesbarre and
Scranton, Pa., and the neighboring anthracite coal fields; also south
erly to the seashore resorts along the ooast of New Jersey, etc.:
Lines owned in fee.
Miles. *Lehigh & Susquehanna, -----Phil
Jersey City to Phillipsburg.... 72
lipsburg to Union Juno.,'etc. t.171
Sundry branches..... .................. 85 Wilkesbarre & Scranton ft....... 5
Entire stock owned.
Lehigh & Lackawanna............. 35
Long Branch & Seashore.......... 6 Other lines................................... 9
New York & Long Branch RR.,
Allentown Term. (oper. jointly) 3
Perth Amboy to Bay Head.. 38
Trackage—
New Jersey South’n RR., Long
Union Coal R R ........................... 10
Branch to Atsion, etc............ 71 Lehigh & New England............ 2
Other lines (no debt).................138 |Tresokow Branch...................... 5
Leased (mostly f o r 999yrs.) Miles.
Ogden Mine RR. Y..................... 10
Total operated Jan. 1,1900..677
Nesquehoning Valley IT
............ 17
1 See this company. 1 See Lehigh Coal & Nav. in “ Miso. Companies.”
1
There are 261 miles of second and 30 miles of four tracks. With the
Balt. & Ohio and the Phila. & Reading operates the “ Blue Line ” be
tween Washington and the Southwest and New York, the B. & O. tracks
being used to Philadelphia, the Reading to Bound Brook and the Cen
tral N. J. to Jersey City. In June, 1900, short extension proposed
under name of Middle Brook RR.
H is t o r y .—Chartered in 1849. From May, 1883, to Jan. 1, 1887,
leased to Philadelphia & Reading. Receivers were in possession from
Jan. 1,1887, till January, 1888. Reorganized in 1887 without fore
closure—see plan V. 44, p. 714.716. Concerning coal properties see
Lehigh & Wilkesbarre and Lehigh Coal & Nav. in “ Miscellaneous.”
S t o c k .—Increased to $27,053,800 in May, 1899, iby sale o f $4,503,800 at par, and further increased in 1899, $2,000, b y issue o f
stock in exchange for convertible debentures. See below.
D iv id e n d s .— J ’90. ’ 91. ’92. ’ 93. ’ 94. ’95. ’ 96. ’ 97. *98. ’99
1900.
Per cent.
1 6 61 7 7
«
7 51 5 41* 4 4 Inol. Aug.,3%
«
Stock was restored to a 5 per cent basis in Feb., 1900.—V. 70, p. 7 5.
July,
1900.]
R A I L R O A D STO C K S A N D BONDS,
3 Î*
2 1
INVESTORS’
SUPPLEMENT.
[V ol . l x x i .
Subscriber» w i l l con fer a great fa v o r by g iv in g Im m ed iate n otice o f a n y error discovered In tbese T a b les.
________________ RAILROADS._________________
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount Rate per
For explanation o f column headings, &c., see notes of
Par
of
When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Central R ailroad o f New ,J ersey—( Ooncl'd)—
Cent.RR.ofN.J.,Gen.M.for $50,000,000, g.Ce,o&r
Equipm’ t mort., 1-10 payable yearly June 1.......
Real estate bond and mortgages.......... .
Guaranteed Bonds—
Leh.& Wilkesb.Coal con.M., gu.,p.& i.,ext. in 1900
Am.Dock& Imp.Co.lst M., gu., redeem, at 110... o '
N.Y.& L.Br.gen. M., $2,500,000, g. ($192,000 5s)
Leh. & Hud."River, gen. M., g., guar, jointly...e*
J. City bonds, guar, (part yearly Dec. 1) see text
Central BB. o f Pennsylvania—Bonds, $1,200,000..
Central o f South Carolina—1st mortgage, g o ld ...c
Central Vermont—Stock, $3,000,000........................
1st M., $12,000,000 gold, trafflo guar.A B c & r.
Equipment bonds, gold, drawn at 100 Jan. 1___
Chari. Clend.A Sut.—1st M. g. ,$30,000 p. m .W .P .c*
Charleston A Savannah—stock ............................. .
General mortgage, gold.o*..................................... . ’
1st and 2d pref. ino., $1,000,000 each, non-oum..
Charl.A West. Car.—1st M.,g.($8,000 p.m.) ,Ce..c*&r
Income M., g., non-cum., ($7,000 per mile) G ..o*
Augusta Ry. Terminal 1st M.,g., gu.,p,& i. end.Ce.
Chartiers—Stock...........................................................
1st mortgage, guar. p. & i. by Penn. R R ..... " ..'c
Chateaugay BB.—Stock..............................................
All.
....
1887 $500&o. $43,924,000
1899
1,000
1,530,000
—
199,100
....
....
1875
1,000 12,175,000
1,000
1881
4,987,000
1891
1,000
1,692,000
1890
1,000 a 1,062,000
1898
340,692
1893 500 &c.
600,000
1,000
1881
300,000
....
100
3,000,000
1899 1000&C. 11,000,000
ijOOO
....
325,000
1894
1,000
1,000,000
500,000
1886
i.òo’ó
1,500,000
7 g.
1886
1,000
2,000,000
7
1896
1,000
2,720,000
5 g.
1896
1,000
2,380,000
5
1897
1,000
600,000
6 g.
50
645,300 7 in ’99
1,000
1871
500,000
7
....
100
75,000
38
....
....
40
....
AIL
....
....
100
103
103
340
....
....
....
23
IT On coupon bonds J&J; on registered bonds Q .-J .
Total gross earnings.$ 15,591,199
$13,187,271 $13,212,772
Net over expenses and taxes... $6,246,250 $5,118,958
$5,044,101
Income from investments . . . )
oaa
596,526
698,139
Do premium account.......}
ooa.zaa
$5,715,484
$2,996,809
1,585,940
(4)899,880
$5,742,240
$3,027,755
1,627,868
(4)899,880
Balance............................. sur.$957,S66 sur.$232,854 sur.$186.737
— (V 70, p. 75, 3 7 8 , 8 3 9 , 841, 893, 1149,1248,1290; V. 71. p. 28.)
. ^ ÎJ S Î^
• o f P e n n s y l v a n ia .—Owns Bellefonte (Penn. RR.'
to Mill Hall, Pa. (on Beech Creek RR.) 27 miles; branch, 4 miles'
operates Nittany Val. RR., 7 miles. Current liabilities June 30,1899
f 22 ’ i 01l For y ear 1898-9, gross, $32,680; deficit under operating
A
$8,168; charges, $55,104; deficit, $63,272. Stock, $1,200,000; par, $50
C e n tr a l R R . o f S o u t h C a r o lin a .—Owns from Lane, 8. C t(
Sumter, S. C., 41 miles. Leased to the Atlantic Coast Line RR.; rental
$31,000 yearly. Stock, $170,000, par $50. In year 1897-98 gross
-$95,286; net over taxes, $ 3 6 ,0 1 9 .-V. 64, p. 887.
’ ^
C e n tr a l V e r m o n t R y . —Tidewater at Rouse’s Point, at north en
o f Lake Champlain to New London, Conn., viz.:
Owned in f e e —
Miles.
Leased—
Windsor to Rouse’ s Point, etc.,179 New London & Northern if
IE
Essex Jet. to Cambridge, V t... 26 Montreal < Province Line Ry.* 4
fc
St. Albans to Rlchford, V t....... 28
Operated—
Entire stock owned—
Stanstead Shefford & Chambly. 4
Montreal & Vermont Juno... 23
Montpelier & White Riv. R R ,.. 14
Total op’d ($See these oo’s.) .51
O r g a n iza tion . Succeeded May 1, 1899, as a reorganization, p<
x, xoir»,
reorganization i
amended plan in V. 67, p. 735, the Central Vermont Batlroad sold v
.
der foreclosure March 21,1899. V. 68, p. 1076.
In June, 1900, the company was proposing to absorb the Montr<
-& Province Line Ry., the Stanstead Sheffield & Chambly and the Me
treal& Vermont Junction, now held under lease, etc.—V 70 n 124
Se c u r it ie s , E tc .—The Grand Trunk Ry. holds $2,165 000
the $3,000,000 stock, and under a traffic contract will make good a
deficiency in earnings to meet interest on the new firsts up to 30 n
of Grand Trunk gross receipts from traffic interchanged. The new
p.o. mortgage is for $ 12,000,000, of which $7,000,000 exchane
for Consol. RR. o f Ver. 5s, $4,000,000 to acquire branch lines and 1
other purposes, leaving $1,000,000 in the treasury. V. 66 n 70S 7*
See also V. 67, p. 273; V. 68, p. 1076; V. 70, p. 739.
c
E a rn in g s . - Net earnings for 8 mos. ending Dec. 31,1899, were cc
siderably in excess of fixed charges. V. 70, p. 739. The earns of t
■old company, excluding Rutland RR. and Ogdensburg & Lake Cha
plain [leases abandoned] were:
J. & J. N.Y.,12 W.23 & Cha’st’n
April.
See text.
A. & O. N. Y., Chase Nat. Bank.
October
If earned.
A. & O.
N. Y. Cent. Tr. Co.
A. <; O.
&
A. & O. Philadelphia, Penn. RR.
Jan. 1, 1936
Irredeemable.
Oct. 1, 1946
Oot. 1, 1946
Apr. 1. 1947
A pr.2’00,31
a%
Oot. 1, 1901
a Guara nteed jointly with Le high Co al & Navigation Co.
B onds.—For general mort. abstract see V. 45, p. 402.
Jersey City bonds (V.68, p. 128), representing taxes on terminal
property, will be taken up by C. RR. of N. J.. viz.:
1900, $75,488} 1901, $«6,202; 1902, $76,616; 1903, $122,385.
The L. & W. Coal mortgage is for $1,500,000; the bonds, formerly
7a., were in 1900 extended at 4 ^ p. o. and guaranteed, principal and
interest. The amount unissued is reserved for future requirements.
For guaranty see Y. 71, p. 26.
Jointly and severally with the Coal & Nav. Co guarantees $1,062,000
Leh. & Hud. River Ry. Gen. 5s, prin. and int. See V. 67, p. 788.
See New York A Long Branch bonds in S upplem ent of Jan., 1897.
The $1,500,000 New York & Long Branch 1st 5s were called for pay
,
ment on June 1.1899, and replaced by gen. 4s, which became a first
mort. on the entire property of the N. Y. & L. B. RR.; $192,000 (bear
ing interest at 5%) have been issued for improvements.—V. 68, p. 283.
G e n e r a l F in an ces , <fec.—In June, 1900, Lehigh & Wilkesbarre Coal
Co. had only $175,000 of loans and bills payable outstanding that
were not held by the Central RR. of New Jersey.—V. 70, p. 894; V.
71, p. 26.
In June, 1900, the company sold its holdings o f $6,116,000 Lehigh
& Wilkesbarre Coal Co. consols, part of the 7 per cent issue which ma
tured in 1900 and was ¿extended as stated above, and more fully in
Y. 71, p. 26
The sale o f $4,503,“ 00 stock at par to stockholders in 1899 pro
vided for retirement of $3,836,000 consol. 7s due July 1, 1899,
$411,000 New Jersey Southern 1st 6s due July 15,1899. and $197,•000 Long Branch & Sea Shore 1st 7s due Deo. 1,1899, a total of $4,444,000 bonds, with annual interest charge of $S 06.970. V. 68, p.822.
E arn in g s .—6 mos., i 1900........Gross, $7,389,591; net, $2,881,103
Jan. 1 to June 30. J1899........Gross, 6,771,459; net, 2,555,209
A n n u al R epo r t —Annual meeting Is held on Friday next preceding
second Monday in May. Of the 16,184,329 total tonnage in 1899,
•6,304,801 consisted of anthracite coal and 9,879,528 of general
freight, against 5,736,912 anthracite and only 5,784,510 general
freight in 1895. The report for 1899 was in V. 70, p. 378, 839.
Year ending Dec. 31.
1899.
1898.
1897.
Passenger and freigh t. $8,417,741
$7,267,032
$6,901,557
Anthracite c o a l............ 5,983,848
4,826,950
5,261,282
Mail, express, e t c .........
665,419
584,865
535,970
N. Y. & L. B. Division..
503,232
480,876
469,964
20,959
T rackage.......................
27,548
43,999
Total net income.... $6,904,538
Interest on debt............ $2,881,490
Rentals paid................... 1,960,698
Dividends..................... (414)1,104,484
N. Y., 143 Liberty St. July 1, 1987
5 g.
1
T
4
J. & D. N. Y., Liberty Nat. Bk. Y ’rly to 1909
5
Various
do
do
Various dates
4ia
Q.—M.
June 1, 1910
5
J. & J. N. Y., Liberty Nat. Bk. July 1, 1921
4 & 5 g. M. & S.
do
do
Sept. 1, 1941
5 g. J. & J. N. Y., Nat. Exch. Bank. July 1, 1920
4
J. & D.
D eo.1’ 1900-03
6
M. & N. Phil.,Fid. I.Tr.& S.D.Co. May 1, 1943
6 g. J. & J. N. Y., Cuyler, M. & Co. July 1, 1921
Majority held by Grand Trunk Ry. of Ca nada.
Bos., Am. L. & T. Co. May l , 1920
4 g. Q.—F.
6 g. J. & J. U.S.Mort.& Tr.Co., N.Y. $25,000 y’rly.
5 g- A. & O. Phil. WstEnd T, &S. D. Co Oot. 1, 1944
Year ending June 30, 1898, gross earnings, $3,217,518; net,
$663,009; 1897, gross earnings, $3,702,293; net, $705,139.
Officers.—President, E. C. Smith, St. Albans; Clerk and Treasurer,
R. H. Ingram, St. Albans, V t.—V. 69, p. 851,1300; V. 70, p. 739, 1248.
C en tralla St. Cbester R R .—See Illinois Southern RR.
C harleston C lenden n in < Su tton R R .—Owns road, com
fc
pleted in December, 1895, from Charleston, W. Va., via Clendennin to
Olay Court House. 51 miles, and under construction via Olay Court
House to Sutton, 49 miles additional; in Dec., ’97, graded 12 miles from
Clay C. H. Capital stock authorized, $3,000,000; par, $100; outstand
ing Oct., 1898, $367,300. First mortgage is for $3,000,000.
E arnings.—Year ending June 30,1899, gross, $62,304; net, $26,552;
total deductions, $78,460; balance, defloit, $51,908.
President, W. D. Stratton; Secretary and Treasurer, Pierre W.
Briggs, 100 Broadway, New York. V. 61, p. 1012.
C harleston St S avan n ah R y .—(See Map Sav. Flor. A West.)—
Owns from opposite Charleston, S.C., to Savannah, Ga., 115 miles, and
branch 6 m. Operates from Ashley Juno, to Charleston, S. C., and Cen
tral RR. of Georgia, crossing to 8. F. < W. Ry. at Southover, 11 miles.
fc
Green Pond Walterboro & Branohville Ry., 14 miles, is controlled in
same interest but operated separately. Belongs to Plant system. In
March, 1898, Walterboro & Western, Walterboro, 8. O., to Ehrhardt,
S. C., 27 miles, was purchased in interest o f system, and on Mar. 1,
1900, was consolidated with the Green Pond walterboro & Branchville Ry. under the name o f Green Pond W. & B. Railroad.
I nterest —
>1889. ’90, ’91. ’92. ’93. ’94. ’95. ’ 96. ’97.
On 1st incomes % J 1 ^
2 6 6
5 4
4 0 0
E arnings.—11 months,) 1899-1900...Gross, $627,098; net, $125,259
July 1 to May 31.
S1898-1899...Gross, 604,908; net, 106,709
In 1898-9, gross, $669,301; net, $146,975. In 1897-8. gross, $637,170; net. $110,664. In year to June 30, 1897, gross, $571,109; net,
$154,254; other income, $11,158; interest and taxes, $126,498; bal
ance, surplus, for year, $38,914.—(V. 64, p. 4 2 1 ; V. 66, p. 5 1 8 .)
C harleston St W e ste rn C arolin a R y .—Port Royal, S. C., to
Augusta, Ga., 112 m., and Spartanb’g, Greenville and Anderson, 228m.
H istory .—A reorganization and consolidation Oot. 3 ,1 8 9 6 , o f the
Port Royal & Augusta and Port Royal & Western Carolina, purchased
at foreclosure sale by Thomas & Ryan, who sold the entire capital stock
and large portion of its issue of income bonds to Atlantic Coast Line
in December, 1897. V. 66, p. 38, 335.
Stock .—$1,200,000; par, $100. A full statement as to Augusta R y.
Terminal Co. and its bonds was in V. 66, p. 383.
E arnings.—For year ending June 30, 1899, gross, $841,521; net,
after deducting taxes, $197,494; interest, $136,000; lease o f Aug,
Term., $36,000; surplus, $25,494. President, J. B. Cleveland, Spar,
tanburg, S. C.; Secretary, J. J. Nelligan, Baltimore, Md. (V. 66, p.953.)
Chartiers R y .—Owns from Carnegie, Pa., to Washington, Pa., 23 m.,
Leased till 1971 to the Pittsburg Cincinnati & St. Louis (now Pitts
burg Cincinnati Chicago & St. Louis); the rental is net earnings.
Capital stock, $645,300 (par $50), of which the Pennsylvania Rail
road owns $333,850. Dividends since 1886: Tn 1887,1888 and 1889,
5 per cent; in 1890,
in 1891, 7 ^ ; in 1892, 8 ; in 1 8 9 3 ,1 0 ; in
1894,10; in 1895, 8; in 1896, 9; in 1897,10 p. o.; in 1898, 10 p. o.; in
1899, April, 3h> p. o.; Oot., 3^2 p. c.; in 1900, April. 3 ^ p. o.
E arnings.—For year ending Deo. 31, 1899, gross, $366,414; net
$114,468; other income, $9,347 ; int. and taxes, $41,053; dividends.
$45,171. In 1898, gross, $301,028; net, $100,450.
C hateaugay R R .—Operates narrow-gauge road from Plattsburg,
N. Y., on the Delaware & Hudson, to Saranac Lake, in the Adirondack
Mountains, 73 miles. Of this it owns from Dannemora to Lyon Mt.,
18 miles, and leases the Chateaugay Bailway, Lyon Mt. to Saranao
Lake, 39 miles, and the Plattsburg & Dannemora RR. (so-called),
Plattsburg to Dannemora, 16 m. The latter road is leased from the State
of N. Y. for one dollar and the free transportation of freight to the
State’s Prison at Dannemora. The Chateaugay Railway is leased for
Interest on its bonds, which are guaranteed principal and inter
est by the Delaware & Hudson Co. Built in interest of an iron
mining company and to carry summer travel to the Adirondacks. In
January, 1897, the Saranac & Lake Placid, 10 miles, was leased for 17
years Jointly with the Chateaugay Ore & Iron Co. Stock, $75,000 (par
$100); loans and bills payable June 30,1899, $22,087.
E arnings.—In year ending June 30, 1899, gross, $148,781; net,
$22,454; rentals and taxes, $22,384; balance, surplus for year, $70.
In 1897-98, gross, $134,126 ; net, $161.—V. 64, p. 182.
C h a t h a m St L e b a n o n V a lle y R R .—Chatham, N. Y. to Ben
nington, Vermont, 58 miles. Entire line rebuilt by new company. Suc
cessor in 1899 to Lebanon Springs RR., foreclosed. V. 69, p. 385,
695; V. 70, p. 841. Stock, $1,000,000, all outstanding; par o f shares,
$100. Bonds are not subject to call. Produce Exchange Trust Co.,
N. Y., trustee. President, William C. Roberts, 220 Broadway, N. Y.;
Sec. & Treas.,C. F. Ainsworth; office, Chatham,N. Y.— V. 69, p. 695,954.
C h a t t a h o o c h e e St G u lf R R .—Almost completed in June, 1900»
from Columbia, Ala., to vicinity of Pea River, about 68 miles.
L ease .—Leased to Central o f Georgia Ry. for 6 per cent on $200,000
stock and bonds (about $300,000), of which 1 p. o. to be used as a
sinking fund for retirement of bonds, upon completion of which rental
w ill be 5 p. c. on stock.—V. 70, p. 1194.
BONDS.
AN D
STOCKS
RAILROAD
J u l y , 1900]
26
INVESTORS’
SUPPLEMENT.
[ V o l . L X X I.
Subscribers w i l l con fer a great fa v o r by g iv in g im m e d ia te n otice o f a n y error discovered in these T a b les.
Bonds—Princi
_________________ RAILROADS.________________
INTEREST OR DIVIDENDS.
Miles Date Size, or
palWhen Due.
Amount Rate per When
Par
For explanation o f column headings, &c., see notes of
of
Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Ohateaugay B’y—1st M., guar. p. & i. D.&H. Co....
39 1887 $1,000
$200,000
6
F. & A.
Plattsburg. N. Y.
Aug. 1, 1907
<
7hath. <t Lebanon Valley—1st M. $350,000 g ._ c
1,000
_
58 1899
250,000
5 g. M. & N. .N. Y ., Nat. B’way Bank Nov. 1, 1919
Ohalt. Borne < Southern—1st M., $500,000, g. U .. c* 138 1897 1,000
6
332,000
6
A. & O. N. Y ., Union Trust Co. July 1. 1947
Chattanooga & Durham 1st m ortgage..C o........
17 1887
250,000
5 g. J. & J.
New York.
1907
100
Chattanooga Southern—Stock ($750,000 is pref.)...
3,000,000
1st mortgage, gold....................................................
89 1895
none issued.
5 g- J. & J.
New York.
1925
Income mortgage, non-oumulative, $750,000___
89 1895
none issued.
1925
1,000
Chesapeake Beach—1st M., $1,000,000, g old .co.c*
30 1898
1,000.000
5 g. J. & J. N. Y., J. Kennedy Tod. July 1, 1923
Chesapeake & Ohio—Stock.......................................
100 60,527,800 1 in 1899
Oct 25 ’99 1%
Mortgage 6s, gold, series “ A” See text.......... o* 5503 1878
1,000
2,013,354
do
do
6 g. A. & O.
July ’l , 1908
1,000
1st mort., of 1911, Penin. E xt., gold. See text.o* * 75 1881
2,000,000
do
do
Jan. 1, 1911
6 g. A. & O.
Ter*] 1st m.,1922, covering 8 m., to Phoehus.g.c*
8 1882 500 <fco.
142,000
J. & D.
do
do
June 1, 1922
6 g.
1,000 25,858,000
1st oonsol. mortgage for $30,000,000, gold ..c*«fcr 655 1889
do
do
5 g. M. & N.
May 1, 1939
Rich. & All Div. 1st consol. M., gold. See text.c* 256 1890
1,000
6,000,000
do
do
4 g. J. & J.
Jan. 1, 1989
2d cons. M., Richm. via. Lynchb’ g to Clifton F. 256 1890 1,000
1,000,000
do
do
4 g. J. & J.
Jan. 1, 1989
Craig Valley branch 1st mortgage, gold............c*
1,000
26 1890
650,000
do
do
July 1, 1940
5 g- J. & J.
Warm Springs Branch 1st mortgage, gold........ o*
22 1890
1,000
400,000
do
do
5 g. M. & S.
Moh. 1, 1941
General mortgage (for $70,000,000, etc.) gold..c* 1,174 1892
1,000 27,309,000
4*a g. M. & S.
do
do
Moh. 1, 1992
Eliza. Lex. & Big Sandy 1st m.,g., guar. p. <fci..c* 109 1872
1,000
3,007.000
do
do
5 g. M. & 8 .
Moh. 1, 1902
1st mortgage on Greenbier Ry., $3,000,000, g.c* . . . . 1899
N’neDec5’99
4 g. J. & D. Interest from Dec., ’ 99 Deo. 1. 1999
Oar trusts, payable m onthly..................................
1,124,069
To 1903
Oar trusts on 1,498 cars..........................................
1900
i;i6 2 ,3 56
1905
G u a r a n te e d B onds .
Elevator Co. 1st M., gold,p. &i. guar, by C. & O.c*
1,000
1888
830,000
4 g.
2d mortgage, for $500,000, income, non-cum.o* . . . . 1888
1,000
315,000
4
O. & O. SS. 1st M. deb. red. at par, gu., p. & i ___ . . . . 1893
£100 a £ 110,000
5 g.
Greenbrier & New River RR. 1st mortgage....... . . . .
1,000
....
370,000
5
Manchester city & imp. bonds (8s, $45,200).......
81,200
5&8
1,000 113,000,000
Lo.& Jeff.Bdg.lstM .,$5,000.000,gu.p.&i.,end. 1T.*c . . . . 1895
4 g.
Norf. Term’l & Trans. 1st M., $500,000, gu. p.&i. . . . . 1898
1,000
500,000
5
Chesapeake < Western—Stock $660,000..................
6
100
606,900
1st mortgage, gold ($25,000 per mile) C o ...........
27 1896 500 &o.
666,000
5 g.
ITGuaranteed jointly and severally with Clev. Cin. C hie. & St. L.
a £10,000 called ye
C h attan ooga R o m e & Sou th ern R R . —Owns road Carrollton,
Ga., via Rome, to Chattanooga, Tenn., 138 miles; Ohickamauga to
Durham, Ga., 17 miles; two branches aggregating 8 1 miles; total,
«
163 miles. Successor Sept. 12,1897, to Chattanooga Rome & Colum
bus, foreclosed.—V. 70, p. 632. In July, 1900, acquired Chattanooga
& Durham RR., included above.—V. 71, p. 83.
Sto c k —Capital stock is $1,600,000 non-cum. 5 p. c. pref. stock and
$1,600,000 common. Bonds, see table.
D ividends .—On pref., 3 p. c. paid Jan. 1 7 ,1 8 99 ; Jan. 1 7,1900, 3 p. o.
E arnings .—Report for year ending Deo. 31,1899, was in V. 70, p.
528, showing; Gross. $299,918; net, $66,378; interest and taxes,
$12,935; surp,. $36,843; divid’d on preferred stock (3 p. o.), $48,000.
—(V. 66, p. 473; V. 70, p. 5 2 8 , 632; V. 71, p. 83.)
C h attan ooga Southern R R . —Owns road, completed in June,
1891, from Tennessee State line to Gadsden, Ala., 87 miles; Round Mt.
branch, 3 m iles; trackage to Chattanooga, 5 m iles; sidings and
spurs, 10 miles; 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 in July, 1900, the new securities had not been issued.
The new lsts were to be $5,000 per mile on present mileage and $10,000 on extensions. V. 63, p. 401.
A. &
Oct.
J. &
F. &
O.
1.
J.
A.
do
do
London.
Richmond.
Oot. 1, 1938
Oot. 1, 1988
Aug. 1, 1942
M. & S. N.Y., J.P. Morgan & Co. Moh. 1, 1945
F. & A.
Feb. 1, 1948
F. & A. Contin. Trust, N. Y.
arly at par.
Aug. 1, 1945
$32,691,000 bonds were reserved to provide for the $30,000,000 con
sols of 1889, issued or to be issued, etc. The balance unissued may be
sold for new acquisitions, rolling stock, etc., but not more than
$2,000,000 thereof in any one year. The mortgage covers the entire
property of the company, real and personal, at the time the
deed was made, and all additional property and mileage
acquired with the prooeeds of the bonds. See full abstraot of mortgage
in V. 54, p. 644; also V. 54, p. 642; V. 55, p. 335. In June, 1900,
$27,309,000 had been listed on New York Stock Exchange and $1,500,000 additional sold for additions, improvements and double track*
ing will be listed on delivery on or before 8ept. 1,1900.—V. 70. p. 1194.
The ElizabethVn Lexington < Big Sandy first mortgage bonds, interest
&
on whioh has been reduced to 5 per cent, have been endorsed with the
C. & O. guaranty of principal and interest, and general mortgage bonds
have been set aside to retire them at maturity.
The 1st 4s on the Greenbrier Ry. are direct obligations of the O. & O.
Of the $3,000,000 authorized, $1,500,000 were to be issued at once
and the remaining $1,500,000 only for further construction or equip
ment, extensions, betterments, &o.—V. 69, p. 383.
The Louisville <> Jeffersonville Bridge bonds, of which $3,000,000
S
are outstanding, are guaranteed jointly and severally by the Chesa
peake & Ohio andCleveland Cincinnati Chicago & St. Louis; any defloit
on account o f the bridge is payable by them in the proportion of onethird and two-thirds respectively—see V. 60, p. 130; V. 61, p. 327,
Fivem os. to May 31,1900, gross, $40,614; net, def., $6,326. Year 559; V. 62. p. 84 and separate statement for L. & J. Bridge Co.
In May, 1900, a five-year oar trust for $1,162,356 was made covering
1898-99, gross, $71,096; def. under oper., $16,166. (V. 63, p. 823.)
1,498 flat and hopper-bottom cars.—V. 70, p. 894.
Cherry V alley Sh aron & A lb a n y R R . —Owns from Cherry
Oper atio n s , F inances , <kc.—Since the reorganization in 1888, when
Valley to Cobleskill, N. Y., 21 miles. Stock, $289,100; par, $50. The
$300,000 7s, due June 15, 1899, were redeemed at maturity by the Del. the control of the oompany was placed for five years in the hands of
trustees, the property has been greatly enlarged and improved.
& Hud. Co., which held a majority. (V. 69, p. 26.)
In Jan., 1900, Pennsylvania interests purchased a large block of
C hesapeake R ea ch R a ilw a y .—Deanwood,D. C., to Chesapeake stock, and with the Morgan-Vanderbilt interests now own a majority
Beach, Md., 30 miles, completed in July, 1899. Stock. $1,000,000, all of the stock.—V. 70, p. 75, 632.
The interest charges for the fiscal year 1899-00 are estimated at
outstanding; par, $100. President, Otto Mears; Vice-President and
Treasurer, John L. McNeil; Sec., Fred’k D. McKenney. Office, 1420 $3,220,616, against $3,133,097 in 1898-99. V. 67, p. 322.
The steamship line was formally opened Sept. 7, 1893, and owns
New York Ave., Wash., D. C.—V. 69, p. 228.
six steamers, using the railroad wharves at Newport News.
Chesapeake & O hio R y .—(See Map.)—Operates from Newport
The stockholders voted Oot. 24, 1899, to aid theGreenbrier Ry. to
News Va., and Washington, D. C., to Cincinnati, Ohio, with branches. construct its road by the issue of not over $3,000,000 O. & O. 4 per
Lines owned in fee—
Miles,
Lines contus'd by stock, etc. Miles. cent gold bonds, payable Deo. 1, 1999, secured by mortgage on the
Old Point Comfort and New
Greenbrier Ry. See above.—V. 69, p. 383.
Bridge—Covington, Ky., to
port News via Charlottes
2
Cincinnati, Ohio..................
E arnings .—11 months,) 1899-0 Gross, $12.129,009; net, $3,899,588
ville to Ashland, K y............ 519 Elizabethtown Lexington &
July 1 to May 31.
(1898-9.Gross, 10,923,864; net, 3,540,307
Richmond via Lynchburg to
Big Sandy RR....................... 103
For 9 mos. ending Mar. 31,1900, net. $3,212,826, against$2,967,023;
Clifton Forge, V a................ 232 Sundry branches.................... 224 fixed charges (net), $2,406,832; bal., sur., $805,994.
Buckingham Br.(acqu. in ’97)
21 Trackage to Washington.................85
■A nnual R e po r t
year ends June 30. Annual meeting is
Lines controlled by stock, etc.—
Leased.....................................
30 held at Richmond .—Fiscal Tuesday preceding the last Tuesday in
on the
Maysville & Big Sandy RR.
October. Approximate gross earnings for 1899-00, $13,318,983, agst.
Ashland, Ky., to Covington, 144
Total system....................... .1,360
Second track................
82 Trackage to Louisville.................... 84 $12,009,839 in 1898-99. Report for 1898-99 was given in full in V.
69, p. 331, 337, and showed the following. See also editorial p. 311.
Of the above mileage 19 miles is narro v-gauge road. Of the “ leased”
Traffic.—Of the total tonnage (8,130,661) m the year 1898-99, coal
21 miles is on E. L. & B. S. and 9 miles on Washington line.
and coke furnished 4,071,131 tons, or 50 per cent of the w hole;
In Sept., 1899, the Greenbrier Ry., most of whose stock is owned, was products of agriculture furnished 12 per cent. The average rate re
building a branch line from Whitcomb Station on the C. & O. main ceived on seaboard coal was only 2*21 mills per ton per m ile ; on all
line, up the Greenbrier River to its forks, 95 miles, within about 40 freight, 3*62 mills. Average train load, 259 tons in 1892,425 in 1898-9.
miles o f the West Va. & Pitts., which company proposed to build a line
Tear ending June 30—
1899.
1898.
1897.
to connect the two systems. V. 69, p. 338, 383, 490,905. In Aug
Miles operated........ 1,445
1,360
1,360
1899, an 18-mile branch along and across the New River, West Va., to Passenger earnings.......... $2,422,053
$1,954,864
$1,857,898
develop additional coal territory, was in progress. V. 68, p. 338, 384
Freight............................... 9,062,879
9,262,998
8,389,374
570,695
524,908
460,911
H is t o r y , &c.—The former Chesapeake & Ohio was sold in fore^ Express, mail and misoel.
olosuxe April 2,1878, and this company organized. In 1888, under
$ll,7 s8,5 5 7
Total earnings............$12,009,839
$10,708,183
the direction of Drexel, Morgan & Co., reorganized without foreclosure, Oper. expenses and taxes. 8,077,384
7,982,307
7,286,769
and the road extended to Cincinnati. The consolidation with the Rich Per ct. expenses to earns..
(67)
(68)
( 68)
mond & Alleghany was consummated in January, 1890. The ElizabethNet earnings............... $3,932,455
$3,806,250
$3,421,414
•own Lexington & Big Sandy and other roads were absorbed in 1892.
Other income....................
100,157
____ 83,628
79,326
Ca p it a l Sto c k .—Common stock is $60,527,800; increased from
Total and net income. $4,032,612
$3,889,878
$3,500,740
$45,000,000 to this figure since 1892 through exchange of practically
3,271,368
3,198,198
all the $25.000,000 of preferred stocks for common stock and general Interest on bonds, &o___ 3,326,481
Balance, surplus.......
$706,130
$618,510
mortgage 4*2 per cents in certain proportions. First preferred for
$302,542
$13,600 and second preferred for $1,700 only was outstanding Mar
President, Geor. e W. Stevens.—(V.J70, p. 632,893,1194; V.71, p. 134.
31,1900. See terms of exchange in V. 54, p. 642. Stock may be reduced
C hesapeake & W e ste rn R R .—Owns road from Elkton to
by majority rote of stockholders if deemed desirable—V. 70, p. 175.
&
D iv id e n d s .—First dividend, 1 p. c., paid Oct. 25,1899. V. 69, p . 383. Bridgewater, Va., 26*67 miles; trackage, Norfolk < Western to Elkton
Junction, 0*33 mile. Road opened in April, 1896. Projected to tide
B onds .—The series A bonds o f 1878 cover, subject to the purchase water on Chesapeake Bay. Of the outstanding stock, $532,800 is
money 6s, the main line from Richmond, Va., via Charlottesville to common; $73,100 preferred. In June, 1900, a New York syndicate
Ashland, Ky., 428 miles, and are equally secured with the Peninsular headed by De Witt Smith acquired control by purchase of majority of
Extension 6s by first mortgage on extension to Newport News, 75 miles
stock and bonds. V. 70, p 1248. Year ending June 30, 1899, gross,
The consolidated mortgage due in 1939 is for $30,000,000 (trustee’ $25,383; net after deducting taxes. $2,124; no interest paid, bonds
Central Trust Company), and sufficient bonds are reserved to’ being held by construction company.—V. 70, p. 1248.
provide for prior liens. This mortgage is also secured by deposit in
trust of the $11,000,000 bonds and two-thirds o f the stock of the Mays
Chestnut H i ll K R . —Owns from Germantown to Chestnut Hill,
ville & Big Sandy RR., [on road Ashland to Covington, Ky.l, and of the Pa., 4 miles. Re-leased in 1896 to Phila. & Reading Ry., the rental
Bridge to Cincinnati, all owned by Ches. & O. (Abstraot, V. 49, p. 147 » being reduced from 12 per cent to 6 per cent on stock.
Richmond < Allegheny Division bonds cover the low-grade freight
£
Chicago & A lto n R y .—( See M a p—Or g a n iz a t io n ^—This railway
route from Richmond via Lynchburg to Clifton Forge and branohes
oompany was organized in April, 1900, and purchased substantially
(Mort. abstracts, V. 51, p. 144.)
,
all the capital stock of the Chicago & Alton RR. Co. (see that company
The general mortgage o f 1892 (Central Trust Co. and H. T. Wickham below) and the line of the St. L. Peoria & Northern between Springtrustees) is for $70,000,000, but additional amounts at $25,000 per mile field and Peoria, 63 miles, and, having leased the railroad company’ s
may be issued for double-tracking. Of the $70,000,000 as above
property, issued to meet the expenses involved and for other pur-
N
July . 1900'1
B ATT.TtOA D
STOCKS
AND
BONDS.
«
28
INVESTORS’
SUPPLEMENT.
[Y ol.
l x x i.
—^¡Subscribers w i l l con fer a great fa v o r by g iv in g Im m ed iate notice o f a n y error discovered In these T a b les.
RAILROADS.
on first page of tables.
u r .c i m ,//!.« « , œ
n e r s n u w
— x s t jm.., !pDUU,UUU, g O l Q . . I
Chestnut Hill HR.—Stock, rental P. & R. R y ..........
C h ic. & A lto n R y .—Com. stock, $20,000,000___
Pref. stock, 4 per cent.non-cnm , $20,000 0 0 0 ...
First lien M.,$27,000,000,g,sub.call at par.F.c&r
Chicago < A lto n It H.—Common stock.................
fc
Preferred stock (7 per cent yearly not cumulative)
Refunding mort., gold. See text............IC.c*&r
U nderlying Securities, E tc.
Bonds—Princi
INTEREST OR DIVIDENDS.
Date Size, or
pal,^When Dne.
Amount Rate per When
Par
of
of
Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
54
4
63
63
63
....
All
1897 $1,000
$800,000
5 g.
1,000. See text.
1899
5 g.
50
....
120,650
6
100
(1)
100
(1)
1900 l.OOO&o 22,500,000
3'4g.
100 18,751,100 7 in 1899
....
100
....
3,479,500 7 in 1899
1899 l,000&o 32,000,000
3 g.
£200
Qen. M., Joliet to E. St. Louis & br., sterling. ..o
322 1873
1,000
bonds (K. C. St. L. &C. IstM. col. ) ,gold, not dr’n.©
162 1878
1,000
Miss. Riv. Br., 1st M., g., ass’d, s. f., dr’n at 100.o
1877
100
Ç^psas City St. L. & C. pref. stook, guaranteed.. 162 ....
100
Joliet & d u o ., 7 p.o. stock,perpet.,guar. by C.&A.
37 ....
100
Louisiana & Mo., guaranteed preferred stock...
101 . . . .
1,000
1st mort. (Y. 71, p. 134)......................................
101 1870
1,000
2d mort. (guar. p. & i. and later assumed)........
101 1877
100
Chicago B u rlin gton & Q uincy—Stock, see text.
....
1,000
Con. M. cov’ng Ch. Term, (now 1st lien) see text.c* 759 1873
Illinois Div. mortgage, $85,000,000, cur. N B .... 1,649 1899 1000,&o
1,000
Sink, fund bonds (1st M. as oolL) not dr'n.o*<fer 285 1876
Cn.Burl. &Q. Iowa Div., s.f. 5s, drawn at 105.. > . . . . ( 1879 1,000
Iowa Div., s. f. mortgage 4s, drawn at 100.o&r $
U 879 1,000
1,000
Sink, fund 4s (So. W. Div.) drawn at 100__ c*&i
1881
1,000
Denver exten. (collât, tr.) b’ds, s.f. dr’n at lOO.o’ 415 1881
1,000
Debentures for Han. & St. Joseph stock........ o’1 . . . . 1883
114,379,850
6 g.
111,663,000
6 g■
11460,000
6 g•
1,750,000
6
1,500,000
7
329,000
7
HI,785,000
7
H300.000
7
98,375,900 6 in 1899
24.353.000
7
23.238.000
3ia
a2,315,000
5
b 2 ,709,000
5
c8,704,000
4
d4,300,000
4
©7,968,000
4
9,000,000
5
J. & J. Fid. ,I.T. &S.D.C0. ,Phila July 1, 1947
A. & O. Rich. Tr. < S. Dep. Co. Oot. 1, 1919
&
Q —M.
Phila., Treas. of.
June 4,’00, Ha
J. & J. N. Y „ 120 Broadway. July 1, 1950
Q .-M . N. Y., 120 Broadway. Mar. 1, ’0 0 ,1%
Q.—M.
do
do
June 1,’0 0 ,1%
A. & O.
do
do
Oct. 1, 1949
J. & J.
M. & N.
A. & 0.
Q.—F.
Q.—J.
F. & A.
F. & A.
M. & N.
Q .-M .
J. & J.
J. & J.
A. & O.
A. & O.
A. & O.
M. & S.
F. & A.
M. & N.
Lond’n,J.8.Morgan&Co.
N. Y., Cuyler,Morg.&Co.
do
do
do
do
N. Y., U. 8. Trust Co.
N. Y., Cuyler, M. & Co.
N. Y., 12Ö Broadway.
do
do
N. Y., Boston and Chic.
N Y., Bk.of Com.& Bost.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July 1, 1903
May 1, 1903
Oot. 1, 1912
A u g.l’00,Ha%
July, ’00,1%%
Aug.,’00, 3*8%
Aug. 1, 1900
Nov. 1, 1900
J’ne 15,’00,l^a
July 1, 1903
July 1, 1949
Oct. 1, 1901
Oct. 1, 1919
Oct. 1, 1919
Sept. 1, 1921
Feb. 1, 1922
May 1, 1913
andca nceled , $185,0 00; sinking f und asse ts, $2,08 0,033. b, $291,000, and c, $3,798,000
1,500, are in sinking fund uncano eled and are here included.
178.
poses its $22,000,000 of 3*a per cent first lieu bonds, $20,000.000 of 4
per cent preferred stock and|$20,00,00 .) common stock. The amount re
quired to pay the interest on these bonds and the dividends on the pre
ferred stock is $1,570,000, being practically the same as heretofore dis
tributed yearly in dividends on the stock of the railroad company,
which is now, except about $200,000, in the treasury of the railway co.
H»Bonds.—The first lien 3*38 of 1900 are secured by practically the en
tire capital stock of the C. <eA. Railroad and by a direct first lien on
t
the former St Louis Peoria & Northern Ry, extending from Springfield to Peoria, 63 miles.—V. 70, p. 894, 944.
R?Ge n e r a l F inances .—The charges of the Chicago & Alton RR for in
terest, rentals and dividends have in the past aggregated about $2,600,000. The status of the property is now approximately as follows:
Interest at 3 per cent on $32,000,000 railroad co.’ s bonds.. $960,000
Rentals payable by railroad co.; assumed by railway c o ....
*00,000
Interest at 3*2 p. c. on $22,000,000 bonds of railway co. ..
770,000
Dividends at 4 p.o. on $20,000,000pref. stockof railway co. 800,000
1899.
1898.
Net earnings............. $2,684,696 $2,416,528
Other receipts...........
267,317
246,292
1897.
1896.
$2,519,930 $2,801,737
233,483
234,257
Total receipts........ $2,952.013 $2,663,064 $2,753,413 $3,035,994
Rentals paid............. $443,030
$420,250
$439,776
$430,475
Construct.,equip.,&o.....................
32,309
36,488
52,378
609,829
574,708
Interest on debt.......
585,665
587,959
Dividends.................. 1,556,142
1,556,142
1,611,718
1,778,448
Miscellaneous............
55,555 ,
19,585
38,909
50,085
Balance, surplus.... $287,457
$60,070
$40,851 $136,649
President (elected Sept., 1899), Samuel M. Felton.—V. 71, p. 134.
Chicago B u rlin g to n Sc N orthern R R . —(See C. B. & Q.)
Chicago B u rlin g to n Sc Q u in cy R R . —c^ce Map J —R oad .—Ope
rates a great system of roads extending from Chicago westerly, reach
ing St. Paul and Minneapolis, Minn., St. Louis and Kansas City, Mo.,
I f " Total.........................................................................................$2,730,000 Omaha, Neb., Denver, Col., Cheyenne.Wyo., Black Hills, S. D., and B il
Net income for year 1899, eliminating duplicate items, $2,742,000. lings, Mont. The accompanying map shows olearly the system.
The new management has made large expenditures for the develop
Road owned, leased, etc.
Miles.
Oontroll'd and Operated, tMiles.
ment of the property, having purchased 4,000 new freight cars and Chicago to Denver, Col...........1,046 Kan. C. St. J. & Coun. BluffsU—
77 heavy locomotives, and undertaken important work in the recon Chic. Burl. < Northern.......... 371
fe
Kan. C. to Coun. Bluffs, etc. 310
struction of bridges, etc.—V. 70, p. 686, 894, 944,995.
Branches and leased lines
St.Louis K. &N.W.(all own’d) 225
¿■Chicago Sc A lto n R R . —(¿fee Hap ) — oad—Chicago to St. Louis,
R
practically owned (includ
Chicago Burl. & Kan. C ity... 236
ing 843 miles leased lines
Kansas City, etc., in all 843 miles, of which 110 double tracked.
Hannibal & St. Joseph.......... If 297
Lines Owned by RR.—
Miles.
merged in May, 1899).........4,607 Keokuk & Western................. 260
Owned by Railway—
Miles.
Joliet to East St. Louis..............244 Springfield to Peoria................ 63 Used jointly with other Co.’ s. 207
Dwight to Wash, and Laeon... 80
Lines Leased—
Total system, stand. gauge..t7,419
St. L. Jack. & Chic. Division—
Total system proper............6,231 Narrow-gauge........................... n o
Joliet & Chicago—
Bloomington to Godfrey.......150
Chicago to Joliet..................... 37 Second traok........ ................... 314 Kansas Lity & Omaha............ 194
Rood house to Quincy J u n o.... 37 Louisiana & Missouri Riv.—
II Separately described.
t Less 140 m. already included.
Joliet to Coal City, etc............. 25
Louisiana to Cedar City.........101
Organization , &c. This was a consolidation in July, 1875, of the
Other lines.................................. 6 Kan. City St. L. & Chicago—
Chicago Burlington & Quincy in Illinois and the Burlington < Missouri
fe
Mississippi River Bridge.......... 113
Mexico to Kansas City...........162 River in Iowa. In 1880 the Burlington & Missouri In Nebraska was
Total o f all owned, leased and operated in system...................... got} absorbed. The leased lines are praotioally owned and there is no charge
H istory .—Succeeded to the property in October, 1862; the St. Louis for rentals in the income account, except as interest on bonds. The
« acksonville & Chicago RR. has been merged. (V. 69, p. 645.) In April Chicago Burlington & Northern and various other subsidiary lines
1899, the road was purchased by the Harriman syndicate, as below situated in Illinois were absorbed in May, 1899. V. 68, p. 975. In
fc
In Apr., 1900, the new C.& A .railway leased the property for 99 years Deo., 1889, aoquired Chicago Ft.Madison < Des M. R R .—V. 70, p. 75.
for its net earnings, the lessee to pay also all interest on honds rent In July, 1900, the Kansas City & Omaha was understood to be ao
als, taxes, eto. See V. 70, p. 686,995.
quired. V. 71. p. 134.
In Dec., 1899, in addition to mileage above, Grant City to Albany,
D ividends .—Pr. o t.) 1882 ’ 83 ’ 84 ’ 85 to ’96 inol. ’97 ’98 ’99 1900
common and pref— 5 8
8 10
8 per an.
7% 7 7 below Mo., 20 miles, and an extension of a branch line from Arcadia to Sar
gent. Neb , 20 miles, were operated. A branch from Alliance, Neb., to
On common, in 1900, Mar., 1% p. c.; on pref., in 1900, Mar., 1% p. 0
June, 1% p. 0. Early in 1900 an extra payment of 3o per cent was Hartville, Wyoming, 141 miles, was under construction, of whioh Alli
ance to Guernsey, about 130 miles, was completed in July, 1900. In
made on both common and preferred.—V. 70, p. 944.
June, 1900, extension from Toluca, Montana, to Cody City, Wyoming,
B onds.—The mortgage securing the 3 per cents of 1899 will 110 miles, reported under construction. In May, 1900,extension from
ronmfl bonds marked “ IT in table maturing during next four years Alliance. Neb., to Ogden, Utah, reported|to be proposed. V. 70, p. 944.
”
and also provide fund for improvements and extensions. Bonds in
Capital Stock .—The stock has been increased for the acquisition
excess or $40,000,000 may be issued thereunder on vote of threeof new lines, and in 1880 a distribution of 20 per cent was made. From
quarters o f stockholders for extensions of not over 500 miles
main track, at not exceeding $20,000 per mile, to fund leased line rent- Sept. 1,1890, to Nov. 30,1899, $12,158,800 stock was issued to retire
tal obligations and for future betterments not to exceed $5,000 000 at an equal amount of convertible debentures, leaving still outstanding
over $1,000,000 per annum from Jan. 1,1900. Stockholders sub $3,119,900 convertible bonds. In April, 1899, $4,041,500 additional
scribed in July, 1899, for the (new 3 per cent bonds at the rate stock was subscribed at par. See “ General Finances” below.
Divs.— >’81-87 ’ 88 ’ 89 ’90 ’ 91 ’ 92 ’ 93 ’94 ’95-’97 ’98 ’9 9 toJ u n e’00
o f $650 cash for each $ l,c0 0 face value, the first $10,000,000 (25 per
,
®eht) being paid for Oct. 10,1899, payment for an additional $22.- Per cent. < 8 yrly 5 4 5 4% 5 5 4% 4 yly. 5hi 6 yearly.
909,000 was called for payment on May 7, 1900, and the remain
Sinking F unds.—Inoludea in the bonds outstanding in the table
ing $8,000,000 subscription was canceled. Y. 70. p. 739. See official above are sundry bonds of the company whioh are held alive and
circular in V. 69, p. 178; also p. 26,129, 541; V. 70, p. 429,995.
drawing interest for aooount of the various sinking funds.
^«Leased L ines.—The Kansas Oity St. Louis < Chicago is leased in per
6
B onds.—For full description of each loan see the editorial article on
petuity from Nov. 1,1877. Common stock, $271,800, of whioh *157 - pages 3 to 6 of Supplement of Oot., 1896, and Chronicle V. 63, p. 775.
600 owned by C. < A.
k
’
Ths mortgage o f iSgg fo r $ 85,000,000 secures bonds dated July 1,
The Joliet A Chicago is leased from January 1,1864, for the term of its 1899, maturing July 1,1949, and to bear interest at not to exceed 5
charter, and forms part of the main line. Rental, 7 per cent on stock
percent. Such bonds as may be issued bearing 3*3 per cent interest
*. The Louisiana A Missouri River RR. was leased in perpetuity, Aug
will be subject to call at 105 per cent and accrued interest and those
1,1870. All but 247 shares o f unguaranteed preferred and 445 shares bearing interest at less than 3 p. 0. at par and interest on any
o f common stock has been purchased by Chicago & Alton.
coupon day after thirty years. The issue is limited to $85,000,000,
and the lien securing the bonds will become an absolute first mortgage,
G eneral F inances.—In Apr., 1869, a syndicate composed of Geo
Gould, J .H . Sohiff.E. H. Harriman and James Stillman had acquired covering all lines east of the Mississippi River (including the Chicago
Burlington & Northern and other lines to be merged), upon the pay
over 95 per cent of the preferred and common stocks, paying therefor
ment of $28,924.000 consolidated mortgage 7 per cent bonds due
$200 and $175 per share respectively. V. 68, p. 230, 281 379 427
523, 670, See official circular In V. 68, p. 281.
’
’ July 1,1903, and of $2,320,000 Chicago & Iowa Division 5 per cent
The money to pay all the existing 6 and 7 percent bondshaving bonds due Feb. L, 1905. Sufficient of the new loan is reserved to take
been deposited with the United States Trust Co., together with the up these $31,244,000 bonds and $23,238,000 were issued in 1899interest thereon to the maturity of the several loans, the annual in 1900, as below stated. The remainder of the loan will be available for
terest charge o f the C & A. RR. Co. is virtually 3 per cent on the *32 - additions, etc.—See V. 68, p. 771; abstract, V. 69, p. 283; V. 69, p. 795.
000,000 new bonds, viz., $960,000.
T ’
The Iowa Division bonds are a first mortgage on the main line in
L atest EARN’ s —11 m os.,> 1899-O..Gross, $7,100,289; net, $2.711 591 Iowa from Burlington to EastPlattsmouth on the Mo. River, 278 miles,
and on 122 miles of branches; they are also a first collateral lien on 420
July 1 to May 31.
5 1898-9..Gross, 6,198,386; net, 2,279*305
miles of branches and 86 miles of second traok. These bonds have a
A nnual R eport .—Report for 1899 was in V. 70, p. 736, showing-*
sinking fund of Ha per cent ($203,800) yearly, for which the 4s are
Tear ending Dec. 31— 1899.
1898.
1897.
1896.
subleet to call at 100. the 5s at 105. The single main line and branches
Passengers................ $2,226,733 $2,123,564
covered “ shall not exceed in the aggregate 900 miles,” at $16,000
Comparison im
F r e ig h t...................... 4,454,930 4,109,934
per m ile; on second traok (of whioh Jan. 1,1897, there were 88
practicable; meth
Mall, express, e to ... 474,299
459,797
miles) may be issued an additional $14,000 per mile. (V. 65, p. 462.)
ods of compilation
Iowa Div. bonds, $56,000 fives and $170,000 fours, have been drawn
changed in 1899.
I Total gross earns...$7,155,962 $6,693,295
1 or the sinking fund and will be paid April 1,1900. V. 69, p. 1192.
July,
moo .]
RAILROAD
STOCKS AN D
BONDS,
£
0*
30
INVESTORS* SUPPLEMENT.
r v o i.. L X X I
July, 1900.]
RAILROAD
STOCKS AND
BONDS.
31
Subscribers w i ll confer a great fa v o r by g iv in g Im m ed iate n otice o f a n y error discovered In these T a b les.
Bonds—Princi
INTEREST OF DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
of
f o r explanation of column headings, <fcc., see notes
Whom.
Dividend.
Cent. Payable
Road. Bonds Value.
on first page of tables.
Chicago Burlington A Quincy—( Concluded)—
Nebraska ext.,$20,000 p.m . (s.f.,n otdr’n).o*<fcr 1,472
121
Chicago & Iow a Div., collat trust— ..........c
Convertible debentures (See remarks). . . . . . . . c
B.&Mo.RR. inNeb. <Land grant, s. f., dr. at 100 ) 585
Con.M$14000000 ( Exempt, not dr’n till 1908 J
Burl. & Mo. RR. inNeb., s. f. for At.&Neb.RR.st’k ..
90
Rep. Val. ,1st M. ,gu., (dr. at 100) s. f.,$14,000y’ly.c
Atoh. &Neb., IstM ., At. to Lin., Neb., etc., guar.o* 145
2d mort. on Atch. & Neb. RR. (1st M. on bridge)
73
Lino’n & N.W.RR.lstM. guar., s .f.l p.c., not dr’n ..
Chic. A East. Illinois—Com. stock ($15,000 p. mile).
Pf. st’k, $10,000,000,6 p.c.non-cum($10,000 p.m.)
1st mort. (s. f. $20,000, no drawings)............. . . . o A 107
7
Danville & Grape Creek RR.—1st M., assumed. .0’
15
Extension, 1st mortgage................... - - - - - - ........®
’
127
Consol, mortgage (for $6,000,000),gold s. f .......o
Collateral trust bonds, sinking fund.................. o
General consol, and first mort. $30,000,000. .c&r 380
Chic.* Ind. Coal—IstM . $25,000p. m., assumed, c* 174
49
Evansv. T. Haute & Chic., income mortgage—
Indiana Block Coal, 1st mort., s. f., call at par...
Chicago A Erie—Stock (all held by Erie).................
1st M., gold, interest guar, till principal is paid.. o’ 249
249
Income bonds for $10,000,000 5 p. o. non-cum..
Terminal 1st mortgage, gold..................................
M. & N. N. Y., Bk.of Corn.* Bost.
4
1887 l,000&c f26,077,000
do
do
F. & A.
5
2.320.000
1.000
1895
do
do
M. & S.
5
1890-2 100 &o. 2.855.700
J. & J. Boston, Bk. of Com’roe.
6
<1878 600 &c. g8,464,000
do
do
J. & J.
6
5,000,000
(1878 600 &c.
do
do
J. & J.
4
1,000 b 3 ,347,000
1880
J. & J. Boston, Bk. of Com’rce.
6
b l , 078,000
1879 600 &o.
M. & S. Boston, Bk. of Com’roe.
7
1.125.000
1878 100 &c.
Boston.
J. & D.
6
See text.
1887
J. & J. Boston, Co.’s Office.
7
600,000
1880 1,000
Ne w York.
41 in ’ 00 J. & J.
«
6,197,800
100
5.830.700 6 in 1899 Q.—J. N.Y., Hanover Nat. B’k
100
J. & D. N. Y. ,4th Nat.Bk. & Bost.
6
1877 100 &e. 2.989.000
M. & N. Boston, Globe Nat. Bk.
6
119.000
1,000
1880
J. & D. N. Y ., Fourth Nat. Bank.
6
103.000
1,000
1881
2.788.000
1884
1,000
6 g- A. & O. N. Y., Central Tr.&Bos.
6 g. F. & A. N. Y., Central Trust Co.
42,000
1,000
1887
do
do
5 ” M. & N.
1887 1.00060 11,995,000
J. & J. N. Y ., Met. Trust Co.
5
4.626.000
1,000
1886
do
do
M. & N.
6
150.000
1,000
1881
do
do
J. & J.
7
150.000
1,000
1878
100.000
100
5 g. M. & N. New York, Erie RR.
1,000 12,000,000
1890
Mostly owned by Erie RR.
1890 1.00060 10, 000,000
300,000
5 g. J. & J. New York, Erie RR.
1888
May 1, 1927
Feb. 1, 1905
Sept. 1, 1903
July 1, 191b
July 1, 1918
Jan. 1, 1910
July 1, 1919
Moh. 1, 1908
Deo. 1, 1927
Jan. 1. 1910
July 2 , ’00, 21«
July,’00, li«%
Deo. 1, 1907
May 1, 1920
Deo. 1, 1931
Oct. 1, 1934
Feb. 1, 1912
Nov. 1, 1937
Jan. 1, 1936
May 1, 1920
July 1, 1908
May 1, 1982
Oct. 1, 1982
July, 1918
The Chicairo Burlington & Quincy sinking funds for the several loans respectively held alive June 30,1900, of the bonds given above as
8tandingfg
$4393,400 July 1,1900; b , June 30,1899, $1,930,000; Jk, $327,200. Also canceled bonds not included above, f, $3,364,outstanding Of
OOO, July, 1899.
Denver Ext. bonds can be increased only for 2nd track at $10,000 p. m. 1 Chicago & E astern I llin o is R R . —(See Map.)—Operates road
The collateral trust Nebraska extension bonds of 1887 (New England (double traok to Danville, 106 miles) from Chicago, 111., to Terre Haute
Trust Co., of Mass., trustee) are issued at $20,000 per mile for single Ind., and the bituminous coal fields.
Lines owned in fee.
Miles. Double traok............................... iog
and $10,000 per mile for second track on not exceeding 1,500 miles.
A b s t r a c t o f deed V. 45, p. 441.
, Q_ Q. - _ Dolton to Altamont, 111............ 224 Sidetracks.................................. s6o
Trackage, etc.
Burlington A Missouri BB. in Nebraska consol, mortgage of 1878 isfor Rossville to Sidell, 111............... 34
$14,000,000, and is now a 1st M. or 1st collateral lien; all except the Danville, 111.,to Brazil, I n d .... 62 Otter Creek Juno, to Terre H .. 6
Dolton to Chicago, Oh.&W.Ind. 17
$5.000.000 of exempt bonds are subject to call for the sinking fund at Momence to Ind. State line—
Juno. Chic. & Ind. Coal R y... 11
par, $278,600 having been retired in 1900. The “ exempt ” bonds may
Cissna Juno, to Cissna P a rk ... 11
DlThe 5 ver cent debentures of 1890-92 are convertible $ for $ into stock Chic. ¿Indiana Coal Div.,Brazil
to La Crosse, Ind., etc......... ..183
anv time prior to Dec. 1,1902, except when books are closed. $12,346,Total operated Apr., 1900....711
400 had been thus converted up to Apr. 3 0 , 1900. V. 67, P- 842. See Altamont to Thebes and b r s ...l6 3
terms of conversion on page 5 of the Supplement for Oct., 1896.
H istory , L eases , &c.—Reorganized under existing title in 1877.
Many of the bonds are redeemable (may be drawn) before maturity at In Nov., 1887, consolidated with tw o other oo’ s (V. 46, p. 135), and
various prices, plus accrued interest, as stated in the table above.
on June 6, 1894, with Chioago & Indiana Coal RR. V. 58, p. 987;
G EN ER AL F inances.—The Chicago Burlington & Quincy Railroad also V. 48, p. 334. Also owns $1,000,000 stock of Chic. & Western
has been one of the most profitable in the country, as its numerous Indiana-having all the local traffic of the latter road from Dolton
branches tributary to the main line were built into choice agricultural into Chicago. In January, 1890, a ten-year traffic contract was made
territory. Com, however, being one of the principal articles oarried with the Evansville & Terre Haute for the operation of a through line
between Chicago and Evansville. (V. 55, p. 995.) In March, 1897, the
by it. its earnings vary greatly according to the size of the crop.
In May, 1899, all of the bonds and most of the stock of the Keokuk Chic. Paducah & Memphis, 100 miles, was purchased, and in Deo.,
1899, merged the controlled companies, the Evansville Terre Haute &
& Western RR. (which see) was acquired. V. 69, p. 756.
In April, 1899, stockholders subscribed pro rata for $16,166,000 Chicago and the Indiana Block Coal RR. An extension from Marion,
new 31« per cent bonds at 75, and $4,041,500 stock at par, in blocks of 111., to Thebes, 63 miles, connecting with the St. Louis Southwestern,
$1,000 bonds and $250 stock, for which $1,000 paid, $500 on June 8 was completed in March, 1900. V. 68, p 231; V. 68, p 771. In July,
and $500 on Sept. 8. This issue of 3 1 per cent bonds is limited to 1900, extension to Joppa, 111., about 16 miles, under construction.
«
$85.000,000, as above stated, and is designed to retire eventually the
Capital Stock .—The common stock ($15,000,000 authorized) is en
bonded indebtedness of all tbe lines east of the Mississippi River. titled to all surplus after 6 per cent on the preferred stock. In addition
The lien w ill become an absolute first mortgage on payment of the to the amounts outstanding in the table, $3,991,500 common and $628,consol. 7s and the Chicago & Iow a division 5s. The first issue was 900 preferred were held In the company’s treasury June 30,1899.
made to take up the bonds of Chicago Burlington & Northern RR. and
D
d —
88.
’91.
1900.
$1,076,000 Ottawa Oswego & Fox River Valley bonds, amounting in On iv id e np.so .... ) ’ 71 *89. 6’90. 4 ^ ’92 to ’97. ’98. *99. Incl.July,4i«
pref.,
>
6
6 yearly 6
6
all to $13,787,500, at a cost of $14,235,575. The balance is to be used Common, p. c . . . . ) 0 « 0 0 stk. 0
0
2*« 8 1 ,
«
i4
«
for improvements. Interest on t i e new bonds began July 1,1899.
Dividend on common in 1899, Jan., I 1 p. o.; July, 2; 1900, Jan., 2;
«
See circular V. 68, p. 771; V. 69, p. 751. The C. B. & N. was merged in
July, 21«. (V. 70, p. 1048.)
May, 1899. In Feb., 1900, an additional $2,000,000 Illinois Div. bonds
B onds.—The general consol, and 1st mortgage of 1887 (trustee. Cen
were sold and in April, 1900, $5,072,000 had been exchanged for un
tral Trust Co.) provides for the retirement of $6,042,000 prior bonds and
derlying bonds, etc.—V. 70, p. 739,1248.
The company’ s sinking funds have received to June 30,1899 over for issue of bonds on new road at $18,000 per mile for single track
$19,250,000. With this money about $8,000,000 of the company’ s also for bonds for equipment at $7,000 per mue and for double track at
bonds have been canceled, while the remainder of the cash not so used $8,000 per mile. In 1897 the total issue of gen. consol, bonds was
has been invested for the benefit of the several sinking fund loans limited to $30,000,000 and bonds were reserved for Chioago &
in bonds that are held alive drawing interest and are therefore Indiana Coal firsts. See V. 64, p. 1088. The gen. consols are
included in the company’s outstanding debt. In 1898-9 the aggregate a first mortgage on 380 miles of road, including the
Sidell to Thebes, e tc .; also
on
sinking fund income was $1,143,318, of which $523,619 is the amount line from Rossville via
oarried direct to the sinking fund and the balance appears in the ac equipment valued at $2,657,000, and upon real estate in Chicago cost
ing over $1,200,000. They also cover 106 miles of double track from
counts merely as part interest on funded debt.
Debentures aggregating$31,910,900 have been issued; of this amount Danvine to Dolton, 111., and rest of property subject to prior liens.
$9,000,000 was used to purchase the Hannibal & St. Joseph, from
G eneral F inances.—This company owns most of the capital stock
which a good income is received, while $7,647,000 was used to buy of the Brazil Block Coal Co., and carries all its coal. It carries also
other stecks and $15,263,900 (since mostly converted into stock) for the coal of the Grape Creek region. On June 30,1899, Chicago P. «
improvements, etc.
M. car trust notes (including interest), $317,859.
As unencumbered assets, on the other hand, the company owns
E arnings .—For 11 months, July 1 to May 31:
besides the $14,244,900 Hannibal & St. Joseph stock above men
11 mos.—
Gross.
Net.
Other inc. Int., Ac.
tioned, a large amount of stocks and bonds, a list of the same being 1899-0....... $4,756,642 $2,142,216 $211,594 $1,398,293 Bat., surp.
$955,517
in V. 63, on pages 778 and 877. The road unbonded and the roads 1898-9....... 4,218,196
1,944,079
166.257
1,396,091
724,245
whose bonds are all owned were in 1900 (V. 63, p. 775), as follows:
M ile s.
A nnual R eport .—Fiscal year ends June 30. Annual meeting is held
Northerly 'Extension, Alliance, Neb., to Billings, Mont., and branches....... .621 in Chioago on the first Wednesday in June. The annual report for
St. Louis Keokuk & N. W. (all its $15,593,800 bonds and stock owned and un
1898-99 was in V. 69, p. 489. The company receives low rates for its
pledged1Keokuk, la., to St. Louis, Mo. (Net earnings in 1894-95, $691,026)..226 freight, the rate per ton per mile being 49-100 of a cent in 1898-99,
Other lines o f moderate earning capacity (Ch. Burl. & K. C., etc.) securities
all or nearly all owned and unpledged............................................................477 51-100 in 1897-98; 51-100 in 1896-97; 54-100 in 1895-96. Of the traffic
about 64 per cent in year 1893-94 was coal.
1896.
L atest E arnings.—From July 1 to May 31 (H months) earningsYear end. June 30.
1899.
1898.
1897.
522
Including lines controlled, w ere:
Miles operat. June 30 648
648
648
Gross earnings..........$4,581,560 $4,221,438 $3,927,610 $4,014,624
11 months.
Gross.
Net.
Charges.
Balance.
2,433,888
- ta
------------Oper. exp. & 9 x es... 2,712,920 2,619,632 2,423.915
1899-00........$43,540,510 $16,355,172
$9.240,000
$7,115,172
15,532,025
9,272,537
6,259,488
1898-99........ 39,627,600
Net earnings.......... $1,868,640 $1,601,806 $1,503,695 $1,580,736
(62*05)
(61*72)
(60*62)
A nnual R eport .—Fiscal year ends Nov. 30. Report for 1898-99 was P. c. op. ex. to earns.. (59*22)
In the Chronicle , V. 69, p. 741, 754, (see also editorial, p. 725), Net (inol.oth. income) .$2,065,329 $1,768,092 $1,661,407 $1,735,380
1,083,052
1,002,553
968,995
Interest p a id ............. 1,066,399
showing operations, including results of the O. B. & N., etc.
229,651
241,156
234,478
Rentals.......................
231,567
1898-99.
1897-98.
1896-97.
(6)289,842 (6)289,842 (6)289,842
Div. on pref. stock . .(6) 349,842
Gross earnings......................... $43,389,425 $42,800,162 $35,526,186
Div. on com. stock.^S4 216,923 (2!3)154,945
«)
— ...... .
...............
Expenses and taxes................. 28,135,465
27,810,886
22,661,769
sr.$10,602 sr.$127,855 sr.$242,065
Balance....................sr. *$200,598
Net........................................ $15,253,960 $14,989,276 $12,864,417
* From which $100,000 was appropriated for additional equipment
Prop, of exp. to gross earnings
(64-84)
(64*98)
(6345)
Y. 69, p. 2 8 0 , 4 8 9 , 905,1192,81345 ; Y. 70, p. 944,1048.
Other inc. (approx, in 1896-7).
487,822
534,161
383,429
C blcago & Erie R R . —(See Map ErieBB.)—Owns from Marion, O.»
to Hammond, Ind., 249 miles, ana leases trackage over Chi<»go <
&
.$15,741,782 $15,523,437 $13,247,846 West. Indiana to Chicago, 20 miles. Practically merged m Erie. RR Co.
9,440,000
9,440,645
i. 9,013,482
B onds .—The first mortgage (trustees Central Trust Co. andEaw ara
Daniels) covers 249 miles of
with
. $6,728,300 $6,082,792
$3,807,846 Western Indiana, $1,000,000 road, the contractstock the ( ^ c a g o &
$240,000
.(6)5,238,371 (4i«)3,690,126 (4)3,280,112 stock of Chioago Belt Ry. See of that company’s 911, V.and p. 750.
abstracts V. 51, p.
61,
C blcago F o rt M a d iso n 8c R es M oin es R R .—Owns Fort
$527,734
$2,392,666
. $1,489,929
Madison to Ottumwa, Ia.f 71 miles. In Dec., 1899, the Chic. Burl.
1,000,000
Renewal fund.
Quincy acquired control. (V. 70, p. 75.)
$527,734
$1,392,666
C hicago 8c G rand T r u n k B y .—Owns from Port Huron, Mich., to
. $1,489,929
Elsdon, 326*5 miles ; leases Grand Trunk Junction Railway, 4 miles.
-(V. 70, p. 75,175, 279, 739, 944,1048,1248; Y. 71, p. 134.)
33
INVESTORS’
SUPPLEMENT.
r Voi. LX XI.
.RAILROAD STOCKS AND
J u l y , 1900.J
BONDS.
33
Subscribers w i l l con fer a great fa v o r by g iv in g im m e d ia te notice o f a n y error discovered in tbese T a b les.
RAILROADS.
on first page of tables.
Chicago & Or. Trunk—Northwest Gr. Tr., 1st mort.
Ordinary stock, $6,000,000.......................... .........
1st M., $15,000,000, int. guar., g., $ (cur.) & &...
2d mortgage, income, $1,500,000, red. (see text)
Chicago G reat W estern—
Deb. stock, cum., g., $30,000,000, div. in cash, g,
Debenture scrip (not interest-bearing)..................
Preferred stock A, $15,000,000, 5 per cent, gold.
Pref. stock B, 4 per cent $10,000,000....................
Common stock, $30,000,000..................................
O. St. P. & E. C. equip, lease warrants, assumed.
Sterling 5-year notes 6s (no mortgage) gold........
Sterling 5-year notes 5s of 1898 (no m ortgage)..
Sterling 5-year notes 5s o f 1899 (no mortgage)..
O. G. W. equipment lease warrants, $10,000 an’ly
O. G. W. equipment lease warrants, 1900.............
Chic. Ind. dt East.—1st M., g., $15,000 p. m .IC ..o*
Chicago In d ia n a p , & L ou isville—Com. stock...
Preferred, 4 per cent, non-oum., $5,000,000........
L.N.A.&0.. 1st Main Line.—N.A. to Mien. City..o*
1st M., Chic. & Ind. Div., Ohio, to Ind., golcL.e*
O. I. & L. refunding mort., $10,300,000, gold, 5s.
Do
gold 6s, Issued for old consols............. .
Perry Matnews Buskirk Stone Co., 1st M., guar..
Indiana Stone RR. 1st M. guar...............................
Car trust notes, April 30,1900, $2,652 monthly.
Car trust notes o f 1899.................. .*.......................
Chicago Junction—Common stock............................
Chic. Ham. & West., 1st M., $2,500,000, g...c*&r
Bonds—Princi
INTEREST
Miles Date Size, or
pal, When Dae.
Amount
of
of
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Yalue.
Cent. Payable
Whom.
Dividend.
66 1880 $500&c.
$546,000
6
J. & J. [ N. Y., Bk. of Comm’ce Jan. 1, 1910
327 1880 klOO&o
5,437,000
4 (6) J. & J. !
& London.
Jan. 1, 1900
327 1882 l.OOO&o 6,000,000
5
J. & J.
Jan. 1, 1922
NIZAT IONPL AN.
6,000,000
.... 1900
14,437,000
4 g.
1950
.... 1900
1,500,000
4
1950
.... ... .
100 15,806,800
4 Ç J. & J. London,R.Benson & Co. Jan. 15/00,2%
*
.... ....
8,033 No intrst
.... ....
100 11,371,800 5 in ’00 J. & J. London, R.Benson & Co. J u l f s i / O O ^
.... ....
100
7,489,190 ( None >
.... ....
100 21,307,645 ( paid, s
....
......
886,497
M'thlv.
7
New York City.
01 to Jan./02
.... 1*896 £100&o 1,454,545
6 g. Semi-an EiOndomR. Benson & Co 1901 & 1902
.... 1898 Various 1,100,000
5 g. Semi-an
London.
1903
.... 1899 Various
808,333
5 g. Semi-an London or New York.
1904
.... 1896
70,000
6
M’nthly
New York.
Sept., 1900-06
1899 Various
359,882
5
M’nthly
St. Paul.
$5,800m’n’hly
*28 1895
1,000
315,000
5 g. J. & J.
Jan. 1, 1935
.... ....
100 10,500,000
....
100
5,000,000
Mar., 3 0 /9 9 ,1
289 1880 1,000
3,000,000
6
J. & J.
July 1, 1910
162 1881
1,000
2.300.000
6 g. F. & A.
do
do
Aug. 1, 1911
509 1897
1,000
3.242.000
do
do
5 g. J. & J.
July 1, 1947
509 1897
1,000
4,700,000
do
do
9 g. J. & J.
July 1, 1947
.... 1898 1,000
250,000
6 g. F. & A. Am. Tr. & Sav.Bk.,Chio Feb. 1, 1908
....
In treasury.
.... 1898
80,040
To 1903
.... 1899
154,943
.... ....
100
2,200,000 All owne d by Ch. J. Ry. & Un. Stk. Yds. Y. 68, p! 326.
.... 1897 500 &0. 2,000,000
6 g J. & J. N. Y., Cent’l Trust Co. Jan. 1, 1927
and trackage Chicago & West. Indiana, 4*5 m iles; total, 335 miles.
Stock, $6,600,000 in $100 shares.
R eo rg an ization P lan.—The plan issued in Nov., 1899 (V. 69, p.
954,) and modification (V. 71, p. 28) provides for the foreclosure of
the first mortgage due Jan., 1900, anil the issue of the bonds shown in
the table. The Grand Trunk w ill unconditionally guarantee the inter
est on the new 4s and receive the $6,000,000 new stock in repayment
o f advances and full satisfaction of the floating debt. The old 1st 6s
will receive an equal amount of new 1st 4s (see V. 69, p. 1061,) and
the old 2d 5s 75 per cent in new 1st 4s and 25 per cent in 2d income 4s,
with interest contingent on profits of each year. As part of settlement
the 5 per cent interest on the old 2d mortgage bonds, due July 1,1900,
was paid. In July, Is 00, 2 per cent interest on the old lsts was paid
by the reorganization managers. V. 70, p. 1290. Of the new bonds,
$4,500,000 will be issued for double tracking and other capital purPpses and $563,000 will be reserved for Northw. Grand Trunk tis.
Majority of bonds deposited Jan., 1900. The new second mortgage in
comes will be subject to call at 85 and any interest then due, within
the first ten years.
Foreclosure suit was begun Jan., 1900. E. W. Meddaugh and H. E.
Joy are receivers.
E arnings —8 m os.,) 1899.............. Gross, $2,523,040; net, $354,074
Jan. 1 to Aug. 31. J 1898.............. Gross, 2,382,19
net, 497,892
- F o r year ending Dec. 31,1899, gross earnings were $3,900,011; net,
$612,047; net revenue charges, $883,042; balance, deficit, $270,995,
paid by Grand Trunk o f Canada under traffic agree pent. In 1898,
gross, $3,649,719; net, $759,421. -(V . 70, p. 1248,1290; V. 71, p. 28.)
„C h ic a g o Great W e ste rn R y . - (See Map.) — R oad .—Operates the
Maple Leaf” route, radiating from Oelwein, la., northerly to St. Paul,
asterly to Chicago and southerly to Kansas City, and em bracing:
Lines Owned —
Miles.
Trackage, etc.
Miles.
Ohio. St. P. & Kan. City Ry.—
St. Paul to Minneapolis............ 11
Chicago to St. Paul, Minn.,
Chicago terminals (V.65, p. 521) 10
and St. Joseph, M o............. 690 Dubuque to Aiken..................... 16
Branches to Hayfleld, etc___131 Des Moines terminals............... 3
Bee Creek to Beverly (no bds.). 23 Leavenworth to Kansas City.. 46
Total operated........................ 930
The Leavenworth Terminal Ry. & Bridge is used into Leavenworth,
—The Chicago 8t. Paul & Kansas City was organized in
May, 1886, and in December, 1887, merged with Minnesota & NorthJ^stern. In August, 1892, reorganized per plan, Voi. 55, p. 856. Each
$
f
& *• W. and Chi. St. P. & K. C. first mort. bonds was
given $500 debenture stock and $600 pref. “ A” stock.
On Sept. 7,1893, the Great Western acquired by deed the title of the
Chicago St. Paul & Ka*nsas Citv Ry. (815-67 miles), subject to the
mortgage bonds, o f which it owns all except $1,000. It also aoquired
the title totheLeav. & St. Joseph Ry. (23 miles) .which is unencumbered.
Se c u r it ie s .—The holders of debenture and preferred A stock ap
point the finance committee, which exercises general supervision of
finances. Additional securities o f said issues can be put out, but only
with consent of a majority of both said classes of stock present at a meetmg. .“ f o r t i e s of other issues having a lien prior to preferred A can be
created, but only with oonsent of two-thirds of both classes. The severai classes in case of liquidation will have principal paid in gold, ac
cording to their priority right to dividends. At extraordinary general
meetings o f holders of debenture stock and preferred A stock collect
ively, holders o f one-tenth of said stocks outstanding, present or rep
resented, constitute a quorum and by a majority vote have power to
sanction any modification of the rights o f said stocks. The provisions
® tthe several classes o f stock and of the trust deed were fullv set
forth in the editorial article of the Su pplem en t for October, 1897.
in 1898 the authorized issue of 4 p. c. debenture stock was in
creased from $15,000,000 to $30,000,000 for future refunding and improvements. See General Finances below.—V. 66, p. 133, 663,1088.
« .Mi ifitef©ft resumed on all debenture stock ana all the preferred
A is entitled to cash dividends since July 1,1899.—V. 67, p. 1206.
Pref. “ A” paid Jan.,1899, 2p.o.; in July, 1899 2 p. o.;
inJan., 1900, 2Jfl p .c.; July, 2ifl p .c .
■ :,/*
p d p r e f . “ A ” stockholders voted Jan. 30,1899,
to issue $8,000,000 debenture stock, in order to refund in the near
f u t o e the foUowlng securities: Oh. St. Paul & K. O. 5s, subject to call
at 105, $2,823,150; equipment lease warrants, $1,673,<>00; sterling.
4ra?o i
» S°ld notes 5s, $1,100,000, and for improvements,
osò aooiK n
D efoch, $3,300,000 was sold in 1899 to retire the
.ew
«2,823,loO priorlty loan (the only mortgage debt), called and paid
¿a** L
’ i ' S Ì 011 J
,aii*
the stockholders authorized tue issue of
i
^ o O .odditional debenture stock for capital expenditures of
1900, an cations and improvements, any surplus to be held available
for similar expenditures in the future. V. 70, p. 279,841. By improvePermanent way, etc., operating expenses were reduced
cent of earnings,against 70‘13 per cent In
1897-8 and 77*47 in 1894-5.—V. 69. p. 501.
The main line of the Wis. Minn. & Pao., extending from Red Wing,
Minn., to Mankato, 93*7 miles, purchased from the Ghie. R. I. & Pao.
by friends o f the C. G. W. has been operated since June 1,1899, in con
_uection with the latter, but the earnings kept separate. V. 68, p. 976
E arn in gs — Approximate statement for 8 mos. ending Feb. 2 8 ,1900:
8 months.
Gross.
Net.
Charges.
B al.,sur.
$1,539,630
$1,006?532
$533,098
18991900........... $4,538,084
1898-1899........... 3,871,429
1,303,425
964,697 338,728
Charges include interest on debenture stock and balance represents
amounts available for dividends on preferred “ A ” stock, etc.
* From July 1 to May 3 1 ,1900,11 months, gross, $6,167,536, against
$5,342,956 in 1898-9; net, $2,051,345, against $1,760,016.
8
A nnual R e p o r t .—Report for 1898-99 in V. 69, p. 488, 501,539.
Year ending June 30.
1899.
1898.
1897.
Total gross earnings......................... $5,867,739 $5,386,044 $4,680,859
Net income....................................... 1,720,224
---------------- -----1,435,671
1,100,272
Rentals (incl. equipment).............
450,177
448,613
434,207
Interest priority loan.....................
141,158
141,157
141,158
157,962
do. sterling, etc., loans..........
111,062
69,594
498,002
In tin cash on 4 p.c. deb. stock......
t396,524
t364,541
Div. 4 p. c. on pref. stock “ A ” ___
454,896
Miscellaneous..................................
8,873
$9,156
$338,315
$90,772
Balance...................- .................
tA lso interest amounting to $95,880 in 1897-8 and $118,411 in
1896-7 was paid with scrip convertible into debenture stock at par:
T After paying interest on all the 4 per cent debenture stock and 4
)
per oenton all preferred “ A” stock issued and issuable.
A. B. Stickney, President, St. Paul, Minn. New York Transfer office.
18 Wall Street.—(V. 70, p. 75,125, 279, 841.)
C hicago H a m m o n d Sc W . r r .—See Ch icag o J unction Rt .
, Chicago In d ia n a Sc E astern R y .—Owns Converse, Ind., to
Matthews, 28 miles, of which Swayzee to Converse, 6 miles, completed
m Dec., 1899. In Mar., 1900, extension proposed from Matthews
miles. Stock authorized, $10,000p. m.; issued Mar.,
1900, $420,000. Pres., Paul Brown; Sec., J. H. Miller; Gen. Mgr.. H. E.
Drew. Office, Matthews, Ind.
C hicago In d ia n a p o lis Sc L o u isv ille R y .—(See Map.)—Oper
ates the ‘‘ Monon Route” from Chicago, 111., viaMonon, Ind., to Indian
apolis, Ind., and Louisville, Ky., with branches—the system including:
Lines owned—
Miles.
Oper, under contract—
Miles.
Indiana State Line to Indianap. 162 Chicago to Ind. State Line....... 20
New Albany to Michigan City .289 New Albany to Louisville........ 5
Bedford to Switz City............... 40 Connection in Indianapolis.... 2
Orleans to Fr. Lick Springs___ 18 Clear Creek to Harrodsb’ g, Ind. 10
. .
.
Total of a ll...........................546
A lease for 999 years with Chicago & Western Indiana (of whose stock
this oo. owns $1,000,000) gives entrance to Chicago on a mileage basis.
Indiana Stone RR., total stock and bonds owned, is leased.—V. 69, p.692.
His t o r y .—Successor July 1 , 1897, of the Louisville New Albany St
Chicago Ry., foreclosed and reorganized per p la n in V. 63, p. 922. In
April, 1899, control was acquired by J. P. Morgan & Co. The road
will be operated independently but under close relations with other
lines held in the same interest. Y. «8 p. 822; V. 69, p. 129.
In July, 1900, the legality of the foreclosure was sustained; appeal
will be taken to the U. S. Supreme Court.—V. 70, p. 686; V. 71, p. 83.
D ividends .—On pref., first dividend Mar. 30.1899.—V. 68, p. 473.
Refunding mortgage covers road, equipment, etc. (Including
$1,000,000 stock of Ch. & W. Ind and $240,000 stock of the Belt
Ry. of Chicago) ; total authorized issue is $15,000,000, of which
reserved to take up existing divisional bonds at maturity, $5,300,000;
to be issued only for betterments and equipment, not to exceed $300,000 in any one year, $2,091,000. Trustees are Central Trust Co., N.
Y., and James Murdock, of Lafayette, Ind.
_ G eneral F inances.—See statement to N.Y. Stock Exchange in July,
1897.—V. 65, p. 194. Bills .payable June 30. 1899, $391,027. There
were also $73,991 old oar-trust notes of 1896 and $103,787 car-trust
notes of 1898, payable $2,652 monthly, with interest.—V. 69, p. 692.
E arn in gs .—-(11 mos.), /1899-0..Gross, $3,824,531; net, $1,421,344
July 1 to May 31.
> 1898-9..Gross, 3,171,457; net, 1,012,135
A n nual R eport .—In V. 69, p. 692, showed:
Year end. June 3 0 - 1898-99.
1897-98.
1896-97.
1895-96.
Gross earnings............$3,501,120 $3,323,671 $2,902,760 $3,291,972
Net earnings............... 1,146,170
967,663
860,322 1,111,583
Dividends received...
86,687
75,038
74,400
70,800
Total net inoomd. $1,232,857 $1,042,701
Interest on bonds.......
752,700
745,450
Rentals, etc................
205,409
208,122
$934,722 $1,182,383
775,450
773,496
234,334
225,991
Q Total..................... $958,109 $953,752 $1,009,784 $1.019,487
Sl£j>>25- •**,iv VAX” A. $274,748
1
*
$89,129 def.$75,062
$162,896
—(Y. 69, p .7 8 ,1 2 9 ,6 9 2 ; V. 70, p. 381, 686; V. 71, p. 83.)
F h ic u s o J u n c t io n R a i l w a y , —Owns and operates a belt line
around Chicago from Whiting, Ind., to Franklin Park, 111., and in the
Union Stock Yards district connects with industries and all diverging
roads. Total mileage operated, 64*03 miles, of wnich Terminal BR.t
Union Stock Yards to Chappell, 10 08 m.; East Chicago Belt RR., State
Line to Grass elli Chemical Co., 3*62 m.; Calumet Terminal R R „ track
age, Blue Island to McCook, 13*84 m.; Chic. & Ind. State Line Ry.,
leased from Chic. Junction Ry. & Union Stock Yards Co., 11*76 m.;
Whiting to Blue Island, 14*21 m.; McCook to Franklin Park, 10*52 m.
UAILEOAÛ
J u l y , 1900.]
36
INVESTORS’
SUPPLEMENT
[ V o l . L X X I.
Subscribers w i l l con fer a great fa v o r by g iv ing Im m ed iate notice o f a n y error discovered In these T a b les.
______ ________W _________________________________________________________________ I
o
Bond»—Princi
INTEREST OR DIVIDENDS.
pal,When Due.
RAILROADS.
Miles Date Size, or
Amount
When Where Payable, and by Stocks—Last
Par Outstanding Rate
of
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Payable
Road. Bonds. Value.
on first page of tables.
N.Y. Office,30 Broad St. Ap.20’00,2ia%
A. « s O.
S
5
$100 $47,146,600
....
Chicago M ilw aukee & St. P a tti—Common stock. . . . .
Ap.20'00,3!9%
do
do
A. & O.
100 40,454,900
7
Preferred stock7 per cent yearly, not cumulative.
1902
Milwaukee & St. Paul loans—
1,578,500
$& £
7 g. J. & J. London and New Y ork Jan. 1 1903
River Div. (St.P.&C.) 1st M. con. intopf.stk.g.c* 129 1872
J. «S J. N.Y.,Office,30 Broad St Jan. 1
s
7
80,000
Hastings & Dakota 1st M., conv. mto pref. st’k
Jan. 1 1903
J. < J.
fc
do
do
1,290,000
7
1,000
Ohio. & Mil. 1st mort. (conv. into pref. stock).. o* *83 1873
. Chicago Milwaukee & St. Paul loans—
Jan. 1 1904
do
do
J. « s J.
S
1,000
146,000
7
Prior lien consols, convertible into p r e f ........ • 1,435 1874
July 1 1905
do
do
« s J.
S
1,000
5,318,000
7
Consol, mort., conv. into pref. stock...............c L,435 1875
July 1 1908
do
do
« s J.
S
1,000
2,287,000
7
I. & D. Ext. 1st M., convert, into pref. stock.o’ 335 1878
July 1 1909
do
do
J. « s J.
S
6
1,000
4,000,000
S. W. Div. 1st mortgage Western Union R R -.o’ 212 1879
Jan. 1 1910
do
do
J. «S J.
s
6
1,000
7,432,000
419 1880
So. Minnesota Div. 1st mortgage..................... e’
July 1 1910
do
do
J. « s J.
S
5
1,000
2,840,000
133 T880
Mineral Point Division 1st mortgage...........o '
Jan. 1 1910
do
do
5 & 7 J. & J.
1,000
6,670,000
Hast. & Dak. Div. ,ext. ,lstm . ($990,000 are 5%) e' 395 1880
July 1 1919
do
do
J. « s J.
S
5
1,000
2,500,000
185 1879
Lacrosse & Dav. Div. 1st mortgage.............
Boston, Lee Higginson. Jan. 1 1909
« s J.
S
500
1,106,500
7
Wisc.Yal.RR.Co. IstM., Tomah to Merrill, Wis.< 107 1879
J. « s J. N.Y. Office, 30BroadSt. July 1 1920
S
6
1,000
2,205,000
161 1880
Wis. Yal. Div. 1st M. s. f., not dr’n ............. o
July 1 1920
do
do
J. & J
1,000
6
6,142,000
351 1880
Dub. Div. 1st M., s. f., not dr’n ............. . ....... e
Jan. 1 1910
do
do
J. & J
1,000
3,000,000
6
120 1880
Chic. & Pac. Div. 1st M. (Chic, to Kittredge). .0
Jan. 1 1921
do
do
S
1,000 25,340,000
5 g. J. « s J
do Western Div. 1st mort., (see text) gold .o 1,117 1881
July 1 1921
do
do
J. « s J
S
1,000
1,360,000
5 g.
68 1881
Chio. & Lake Superior Div. 1st mort., g old .. .o
July 1 1921
do
do
s
1,000
4,755,000
5 g. J. «S J
230 1881
Wis. & Minn. Div. 1st mortgage, g o ld .............
Jan. 1 1924
do
do
J. « s J.
S
1,000
1,250,000
6 g.
119 1883
Fargo & Southern 1st mort.,gold, assumed.........
July 1 1914
do
do
S
1,000
4.748.000
1884
5 g. J. « s J.
Jan. 1 1916
do
do
J. « s J.
S
1,000
2.856.000
Ï59 1886
Dakota & Great Southern 1st mortgage, gold----July 1 1926
do
do
s
1,000
3,083,000
J * J. «S J
77 1886
Chicago & Missouri River Div. 1st m ortgage.. .o’
Jan. 1 1916
ao
do
J. « s J.
S
19,000
5
1,000
Inc. M.,convert., s. f. $80,000 yearly (dr. at 105)o’ 525 1886
May 1 1989
do
do
S
1,000 24.000,000
4 g. J. « s J.
r
Gen. mort. (for $150,000,000), gold Series A.c*<M 5,722 1889
May 1 1989
do
do
S
1,000 a9,683,000
31« g. J. « s J.
¿0
do
“ B” (3*28, issued in 1899).o’ 5,722 1889
J. « s D. N.Y., Ch.Mil.& St.P.Ry June 1 1910
S
6
1,000
2,155,000
Milw. & North’n 1st mort., Sohwarz.to Gr. Bay..o“ 126 1880
June ] 1913
do
do
J. < D.
fe
6
5,092.000
362 1884 1,000
Consolidated mortgage................................ - -.o’
in treasury and not lis ted,see text.
Chicago < Nor. Pacific—See Chic . T erminal TrjI NSFEB RR. alnclud ing June 30, 1899, $7, 507,000
t
>
1
-- --“
f l/VV Vfs O/ «/w wwixwo
/
Organization .—Formed in March, 1898, as a consolidation of the o fAts lfv f U JV Wacresow Chicago and Milwaukee. --several hundred
in
A , .
Chicago Hammond <s Western and Chicago <s Indiana State Line in
S
S
The general mortgage of 1889 (see abstract in V. 48, p.
the interest of the Chicago Junotion Rys. & Union Stocks Yards Co. $150,000,000, to the United States Trust Cm, o f New York• 830) is ior
Leases and operates, in addition to the lines owned in fee, ail tne and covers the entire railway property and franchises of the company
switching and terminal transfer roads owned by the Stock Yards co.
(therein described) subject to prior liens as
mentioned, in e
B onds .—First mortgage o f C. H. & W. is for $2,500,000 (trustee, E* prior lien bonds cannot be extended, but will be paid off at mamuity.
Francis Hvde, N. Y.); entire capital stocks of Hammond <s Blue Island
S
On June 30,1899, the following amounts o f general mortgage bonas
RR. ($400,000) and H. <sB. I. Ry. of Indiana ($80,000) being deposited had been issued or were reserved for the purpose indicated, v iz .
S
as security. V. 64, p. 287. Equipment trusts $98,458, due Jan. 1,1900, Listed on New York Stook Exchange...............................
$26,176,000
E arnings.—For year ending June 30,1899, gross. $1,728,533; net, In treasury o f the company (unsold)..............................
7 ,o u /,u w
$862,629; taxes, $13,205; charges, $702,806; surplus, $146,618.
From Apr. 1 to Sept. 30,1898,6 mos., gross, $806,725; net, $428,121,
Tot al reported by the oompany as outstanding.. . . . .
$33,683,000
O f f ic e r s .—John A. Spoor, President; James H. Ashby, Viee-Pres.; Resert ed for prior liens.................................... » o ,z » /,o u o
U Chace, Auditor; L. T. Dudley, Treas.—V. 67, p. 1262; V.68,p. 3 2 6 . Origio ally reserved for prior liens.whioh have since been 1
converted into pref. stook. Will eventually become V 17,906,500
</Iiica iro K a la m a z o o Sc S a gin a w R y . —Projected from Kala
- Q nAA
available for improvements. (See also below ). .........1
mazoo, Mich., to Saginaw, Mich., 125 miles, of which 45 miles, Available for improvements, eto. (see also below.)..........
a ,n a ,u w
Kalamazoo to Woodbury, in operation. In January, 1898, $450,000
stock was outstanding. The first mortgage is for $225,000 to Union
Total authorized........................................................... . $150,000,000
Trust Co. of Detroit, as trustee; bonds all in treasury; bills payable
The $33,683,000 outstanding include $6^000,000 issued to pay for
Jan. 1,1898, $508,425. In 1897, gross, $56,606; net, $18,674 Oper
ated by Kalamazoo & Hastings Construction Co. President, E. Wood 178 miles of sundry small branches on which the general mortgage is
bury; Treas. and Secy. H. C. Potter, Kalamazoo, Mich.—(V. 61, p. 1063.) a first lien, and to retire the $2,500,000 first mortgage bonds o f
S
C hicago L a k e Shore Sc E astern R y . —Embraces 159 04 miles Chioago Evanston <s Lake Superior Ry., a Chicago suburban road,
and
o f track, connecting the various works of the Illinois Steel Company at also $4.232,000 issued to replace prior bonds paideto., canceled. above
The |3,113,000 “ available for improvements,
of
Chicago, Joliet and Milwaukee with diverging trunk lines, and also mentioned are applicable for premiums paid in retiring bonds
or'refunding
with steamship lines, stone quarries, industrial establishments, etc.; convertible and other prior lien bonds bearing aj^ gh er rate o f in
also by trackage rights over 149*54 miles of roads reaches the coal terest than 4 p. o., for cost of branches, second and side tracks. real
fields o f Illinois and Indiana and Joliet, 111., handling between South AAtata Urielfires, roilinc: stock, equipment, eto. On July l t l o w . oiw ie
Chicago and these points a large traffic for the Illinois Steel Co. The prior lien bonds outstanding, $15,775,000 (maturing ^90:^190^) were
stock, $600,000, and the bonded debt ($3:230,000) are owned by the convertible into preferred stock; if from time t o t im e so converted
Illinois Steel Co., and thus controlled by Federal Steel Co.
they wiU set free a like amount o f general 4s which, with tee $17.900,
Eauipment, Deo. 31,1899 : Locomotives, 54; freight cars, 3,077; 500 reserved against bonds already converted, wfil ^ ecom eav^lable
cabooses, 11; steam wrecker, 1.—V. 64, p. 422; V, 67, p. 428,483.
for improvements, additions, etc., as soon as the balance ($3,llo,uou)
reserved
x
C hicago M ilw a u k e e Sc St. P a u l R y .—(See Map.)—Operates of the amount originally V. 50, p. for improvements has b e e n so eto
830;
205. N. Y. Stock Exchange
from Chioago westerly to Omaha, Neb., and Kansas, City. Mo., with pended. V. 48, p. listed $26,176,000 generals—see
July, 1900, had
General Fin
lines, traversing Wisconsin, Minnesota and the Dakotas, including;
ances,’’ V. 65, p. 462, and V. 66, p. 335.
Road.
Mile».
Road.
Mile».
GENERAL F inances, «fee.—Dividends on oommon stook were resumed
2nd <s3rd tracks................... 259
S
Lines owned (of which 11
in October. 1892. See “ dividends” above.
..
,
miles owned jointly).......... 6,303 Trackage (inolud. 2d track)... 62 1 The funded debt was Increased during the year 1898-99 by the issue
H istory , «fee.—1 he Milwaukee <sSt. Paul RR. Co. was organized May of $4,509,000 of general mortgage bonds and was decreased $4,871,T
S
fi 1863, and on Feb. 11,1874, took its present name. The system has 0 0 0 bv underlying bonds retired and canceled; ° f the latter $¿,777,since been greatly extended by the construction and acquisition of 000 were converted into preferred stook and $897,000 into common
other lines. The sale of the Milwaukee <sNorthern to the St. Paul was stook. Of the funded debt there was in the treasury June 30, 1899,
S
ratified in September, 1893. In 1899, all the stook and bonds of the $8,596,000 (against $6,587,000 June 30, 1898), of which $7,183,000
Des Moines Nor. « s West, 147 miles, were aoquired, the C. M. <s St. P. was general mortgage 3 'as and $324,000 gen. M. 4s.
S
S
taking possession July 1 , 1 8 9 9.-V . 68, p. 40, 975. Late in 1899 exten
Average freight train load in 1898-9 was 190 ton s; rate per ton per
sions from Rockwell City to Storm Lake, Iowa, 39 miles, and Fonda, mile, 0*937 cen ts; in 1897-8 train load, 178 tons; ton rate 0*972 cents.
Iowa to Spencer, 44 miles, were opened, and extension of Libertyviile
E arnings.—11 m os.) 1899-0...Gross, $38,465,486; net,$}2,489,235
line to Fox Lake, 111., 20 miles, was also almost completed. V. 69, p.
July 1 to May 31. s 1898-9...Gross, 34,914,651; net, 13,220,272
1103. The stockholders voted Sept. 23,1899, to merge by oonsolida
A nnual R epo r t .—Fiscal year ends June 30. Annual meeting is
tion the leased lines in Illinois, V. 6», p. 228,694.
held in September. Report for 1898-99 was given in full in V. 69, p.
In March,1900, the Janesville & Southeastern RR. was incorporated
with $2,000,000 stock to build a road from Janesville 35 miles south 538, 544 ^See also editorial, p. 520. In 1898-9, ofl5 ,8 3 0 ,1 5 6 tens of
east to Bloomfield, in the interest, it was reported, of the C. M. & St. P. freight carried, grain furnished 29 p. o.; other agricultural products,
In March, 1900, extensions from Elgin, 111., to Delavan Lake, Wis., 45 2 p. c.; coal and coke, i 2 p. o.; lumber, 10 p. o.; other forest products,
miles and one from Bowdie, S. D., west to Missouri River, 14 miles, 10 p. o., and miscellaneous, 37 P- °*
Q
1896-97.
1897 98.
was about completed In July, 1900. In May, 1900. extension from
6,154
6,154
Miles operated June 30............
6,154;
Yankton, S. D., northwest to Platte, 82 miles, reported under con
$5,986,840 $5,717,496
Passenger earnings.................... $6.778,921
struotion.
22,104,803
25,468,852
Capital Stocks.—The preferred stook has a prior right over the Freight earnings.......................... 23.773,222
2,664,469
2,733,972
common stock to a dividend of not over 7 per cent from net earnings in Mail, express, &o., earns.......... 2,758,489
each year, but if not earned it has no cumulative right. After payment
Total earnings......................$38,310,632 $34,189,664 $30,486,768
o f 7 per cent on preferred and 7 on oommon, both classes share pro rata,
$4,334,955
Common stock authorized, $47,062,560. Preferred stock on Deo. 31, Maintenance of w ay.................. $5,100,169 $4,642,275
2,464,839
2,918,524
1873 was $12,274,483; it has been increased to present figures Maint. oars and e n g in e s ........ 3,435,151
9,898,952
10,908,170
Transportation, gen. exp., eto.. 11,682,455
almost entirely by exchange of convertible bonds for stook, only about
1,184,231
1,134,131
*5 000,000 having been issued for other purposes (improvements, etc.' Taxes................ ..........................
200,000
1,125,000
Renewal account........................ 1,925,000
In June, 1900, $10,718,500 prior lien bonds outstanding were ex
494,562
473,468
oda,8Uo
Miscellaneous.............................. changeable for preferred.
Drvs. since’ 8 9 .) ’90. ’91. ’ 92. ’93. ’94 ’ 95. ’96. ’ 97. ’98.99. 1900.
Total expenses......................$23,962,837 $21,201,567 $18,577,539
2
4
5
5 5 Apr.,21
«
J
0
2
4
4
On oommon. O
Net earnings...............................$ 14>
3^7,795 $12,988,097 $11,909,229
7
7
7
7 7 A pr.,31
«
7
7
7
1.) 7
7
On preferred.
(60*94)
(62*01)
Perot, of op. exp. to earns..........
(62 55)
RONDS.—Aossraou) of
"v m
B onds.—Abstracts ui some of the older mortgages were pub
162,822
131,018
Other income...............................
H 7 ,4 io
lished in the Chronicle, V. 45, pp. 8 5,114,144,212, and V. 48, p. 830The following bonds are convertible into preferred stock at any time
Total net Income...................$14,465*205 $13,119,115 $12,072,051
within ten days after a dividend shall have been declared and become
7,488,747
7,190,413
oavable on the preferred: Iowa <s Dakota Extension 7s, River Interest on debt, e t o . . . . . . . . . . . . 6,890,120
S
Division 7s, Chicago <sMilwaukee 7s of 1903, Hasting <s Dakota 7s of
S
S
$5,928,702 $4,583,304
Balanoe for dividends........ $7,575,085
1903 and Ch. Mil. <s8t. P. consols of 1875. The consols of 1874 also
S
are convertible into preferred within 15 days after dividend day. The
DIVIDENDS PAID DURING FISCAL Y E AR .
convertible bonds were fully described in Supplement for Mar. ’93, p. 2. Common
......................(5)$2,318,980(5'fl)$2,531,463(4)$l,841,090
Chicago <t Pacific Western D ivision 1st 5s were issued at $20,000 P?™OTred.'.V......................... . . (7)2,278,931 (7) 2,104,245(7) 1,896,363
per Tniift for road, with additional amounts for equipment and
bridges; no further bonds can be issued. The mortgage ooversthe
Total dividends................. $4,597,911
$4,635,708
$3,737,453
following miles o f road: Farley, la., to Kansas City, Mo., 341 miles:
Pres Albert J. Earling; Chairman of Board, Roswell Miller.
M ariom la.. to Council Bluffs, la., 262 miles; Astor, la., to Aberdeen
—(V. 69, p. 228, 5 3 8 , 5 4 4 , 591, 6 9 4 ,9 5 5 ,1 1 0 3 ; V . 7 0 ,p . 39.)
North Dak., 352 miles; branches 162 miles; total, 1,117 miles
BONDS
AND
STOCKS
RAILROAD
J u l y , 1900.J
SS
INVESTORS*
SUPPLEMENT.
fVcfc. LXXI.
Subscriber« w i l l con fer a ereat fa v o r by g iv in g im m e d ia te n otice o f a n y error discovered In these T a b les.
........ ............... ............... ........ • "
""
'
"
—
fZsvnrla—I
Bonds—Princi
INTEREST OR DIVIDENDS.
pal,When Due.
RAILROADS.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par
of
Por explanation of column headings, Ac., see notes of Bonds Value. Outstanding Cent Payable
Dividend.
Whom.
Road.
on first.page of tables.
6, ’00,3%
$100 $39,114,678 6 in 1900 J. A J. N.Y.,Co.’s Office,52 Wall July 6’00,1%%
Chicago < N orth W es tern —Common s to ck ...... 4.273
&
July
do
do
Q.—J.
7
100 22,395,160
Preferred stock (7 p. c. yearly, not cumulative).. 4.273
Bonds issued ana assumed by Okie. d N .W .
Feb. 1, 1915
do
do
Q.—F.
7
1,000
Oh. & N. W. con. s. f. M. ($12,900,000), not dr'juo" 788 1865 500 Ac. 12,832,000
May 1, 1916
do
do
M. A N.
7
2.332.000
Cedar Rapids & Missouri Riv.—1st mort. 3d Div. 150 1866
O ot 1, 1900
do
do
A. A O.
8
897.000
71 1870 1,000
Iowa Mldl’d 1st M., Lyons to Anamosa (assumed)
Apr. 1, 1911
do
do
A. A O.
7 g.
Madison extens.lst M., g. (s.f. $23,000, not dr’n) 129 1871 500 Ac. b 2,977,500
June 1, 1911
do
do
J. A D.
Ao.
Menominee ext.lstM .,g. (s.f. $20,000,not drin» 114 1871 500 Ao. C 2,546,500
June 1, 1917
I e - M. A S.
do
do
d 3,365,000
7 g.
62 1872 500
Northwest. Union 1st M.,g.,Mil.to Fond-du-Lac.
Deo. 1, 1902
do
do
8.573.000
7 g. J. A D.
Ohio. & N.W. gen. oonsoL M., g., s.f., not dr’n o.*&r 1,637 1872 500Ac.
General mortgage of 1897, see next page.
Nov. 1, 1907
do
do
M. A N.
1.592.000
7
1,000
Winona & S t Peter 2u muit. (now 1st) assumed.. 139 1867 100 Ac. it 4,038,500
Dec. 1, 1916
do
do
7 g. J. A D.
184 1871
1st m ort extens., gold,land grant, s. L, ass d.c
O ot 1, 1908
do
do
A. A O.
150.000
7
1878
24
Minnesota Valley Ry. 1st mortgage, assumed...
Sept 1, 1908
do
do
M. A S.
100.000
7
15 1878
PlaJnview RR. 1st mortgage, assumed........ . . . . .
Sept. 1, 1908
do
do
M. A S.
200.000
7
24 1878
Rooh. & No. Minn. 1st m ort, guar, (assumed).^..
Sept 1, 1907
do
do
M. A S.
6
a 1,007,000
71 1882
Dak. Cent 1st M., gu. (Watert’n to Redfield,S.D.)
Nov. 1, 1907
do
do
M. A N.
6
2 ,000,000
Dak.Cent 1st M. on So’eastDiv. (to Hawarden) gu. 125 1882
July 1, 1906
do
do
J. A J.
560.000
7
31 ’76-’80
Menominee River 1st M., tw o series (assumed)...
Sept 1, 1905
do
do
M. A S.
1.600.000
6
82 1880 1,000
MIL & Mad. 1st M., Mil. to Madison (assumed) .0
Nov. 1, 1905
do
do
M. A N.
6
1.528.000
Chicago A Tomah 1st m ort, guar, (assumed). . . ) 152 <1880
Nov. 1, 1905
do
do
M. A N.
6
e 601,000
( 1882
Chicago M ilwaukee* N.W. construe, do
...5
July 1, 1901
do
do
J. A J.
6
351.000
1,000
43 1881
Escanaba & Lake Superior RR. 1st M., (assumed).
Feb. 1, 1907
do
do
F. A A.
600.000
7
1,000
57 1882
X>68 Moines & Minn. is t M..D68 M.to J©Well Jo. ,&0
Moh. 1, 1909
do
do
M. A S.
5
1.600.000
1,000
64 1884
Ottumwa C.F.&St P. 1st M. ($25,000p.m.), gu..c‘
Moh. 1, 1910
do
do
M. A S.
5
1.500.000
1,000
76 1885
Northern HL 1st M. ($20,000p. mile), assumed., c
May 1, 1921
do
do
5.000.
000 6 g. M. A N.
1,000
Milw. L. Sh. & W., Consol. M. (now 1st) g o ld ...o ’ 413 1881
July 1, 1924
do
do
1.281.000
6 g. J. A J.
1,000
82 1884
Michigan Div. 1st m ort (for $3,000,000), g -.o’
Moh. 1, 1925
do
do
1.000.
000 6 g. M. A S.
1,000
40 1885
Ashland Division 1st mortgage, g o ld ........... o’
Feb. 1, 1907
do
do
436,000
1,000
5 g* F. A A.
Deben. (see text) secured by mort of ’ 89, g . . .0" 693 1887
Feb. 1, 1929
do
do
5 g. F. A A.
4,148,000
1,000
E x t &Imp. M. for $5,000,000, g., s.f. not dr’n.o* 693 1889
dL., $135 ,00 0; e.,$149,000.
2,500; c , $150,500;
In addition to bonds outstanding as above, t he sin king f undJ’ly 1,1899, he Id b., $17
L and Grant .—Lands and lot Bales in 189&-99 $499,192; net cas h
receipts $602,103; due on contracts of sale, $724,657; lands un sold
C hicago & N orth W e ste rn » y . —
and uncontracted for May 3 1 ,1 8 9 9 ,6 4 7 ,9 7 5 acres.
port ant 3ystem of roads uniting Chicago, IU., with Omaha, Neb., St.
G e n e r a l F inances .—The first issue of ($20,000,000) refunding bonds
Paul Minn., with the great wheat belts of D a ^ ta , N ^raska, etc., and at 3*3 per cent interest was sold to provide for $1 ^,015,500 o h fb o n ds
with the mining regions o f Miohigan and the Black Hills, including
maturing up to Deo. 1,1902. I f the entire issue of $20,0<W,000 is re
Controlled by stock,
Miles.
Road owned in f e ^ Miles.
Mm
quired to refund these old bonds the saving in inter eat charges w in be
operated separately—
_ „„„
Main lines, etc.........................4,138 FremontElk Horn A Mo. Val.1,301 about $530,000 per annum—see “ bonds” above and V. 65, p. 69, i l l .
Entire stock owned—
Maple River first 7s for $402,500 fell due July 1,1897.
Winona & S t Peter................ 449 Sioux City A Pacific............... 107
In 1898-99 the average freight train load was 208 tons, against
Dakota Central....................... 724
Total of all Jan. 1 ,1 9 0 0 ... 6,735 194 tons in 1897-8; rate per ton nolle, 0-87 of a cent.
Princeton & Western..............
16
E arnings .—Advanoe report for fiscal year in V. 70, p. 1147, showing:
2d track .................................. 532
Also has large interest m Chi Years
Gross.
Net.
Oh’aes(n et). D ividends.
B at., sur.
Total incl. in earns............. 5,327
cago St. Paul Minneapolis A 1899-6....$42,952,468 $15,946,687 $5,895,442 $3,914,390 ‘ $6.136,855
Omaha, 1,538 miles.
1898-9.... 37,933,299 13,171,946 6,029,263 3,523,270 3,619,413
Of the mileage shown above as of Jan. 1.1900, 250 miles were
From *surplus * in 1899 deduct special appropriation, real estate,
onened on the C. A N. proper since the close of the fiscal year and 48
on the C. S t P. M. A Om., and additional lines were then under con construction, etc., $4,542,041.
a n n u a l R epo r t .—Fiscal year ends May 31. The annual meeting is
struction. As to Sioux City A Pacific, see V. 69, p. 1147; V. 70, p. 739,
held the first Thursday in June. The report for 1898-99 was given at
1250
In June, 1900, the Boyer Valley Ry., 90 miles, and the Minnesota A length in V. 69, p. 226, 279, 287. See also editorial, p. 259.
Iowa Ry., 119 miles, were absorbed after completion, their bonds hav
CHICAGO & NORTHWESTERN PROPER.
ing been issued at the rate o f $16,000 per mile, guaranteed, principal
and in te re s t-V . 71, p. 28. In Aug., 1899, the Boone County By., in Tear ending May 31.
18991898*
J®£Z*
corporated the interest of the O. A. N., had under construction 7* m mfies.
—See V. 69, p. 290. In June, 1900, extensions from Blue Earth to Fox
Lake, Minn.f 28 miles, and Belle Plaine to Mason City, la., 107 miles,
1,759,156
1,777,053
1,725,312
were completed. In June, 1900, the Princeton A Northwestern RR. m S l express) A c. . . . 1,793,010
was incorporated to build a line from Princeton, Wis., to Marshfield,
Total earnings. $38.016,314 $36,050,561 $30,977,243 $33,488,761
»23,658.042 »22,643,879 »lf.8 7 7 ,0 | 9 »20,373,402
100 miles.
H is t o k y , AC.—The Chicago A North Western Railway was organized
In 1859, and has since absorbed many other ro§ds.
. . .
S
p
In December, 1882, a controlling interest was acquired in the stook of
the Chicago St. Paul Minneapolis A Omaha Co., which see.
P n e ^ n t o earnings
(65*31)
(65*87)
(64*37)
(64*50)
In July, 1884, the capital stocks (exoept a few shares) of the Fre & v S e n t s , ^ T . g
.. 1,370,892 1,064,615
964,310
671,638
mont Elkiiom A Mo. Valley and the Sioux City A Paoiflo were acquired
Total receipts...$14,558,491 $13,368,691 $12,002,732 $12,711,428
on the terms stated in the S upplem ent of June, 1885, and prior issues.
Their securities, exoept those held bv Chic. A N. W., are in table above. a s r “ 1 - ':: ? » «
« i l l * 5 » « 1 ?
In Deoember, 1891, the Milwaukee Lake Shore A Western RR. was Hinkta? fund." e tc ...
340,745
517,260
196,413
220.990
boughtb?anExchange of stook. See V. 57, p. 375; V. 56, p. 792.
T ota l disbursm’ts.$10,923,265 $11,133,368 $10,830,764 $10,860,403
In 1900 various proprietary roads were purchased.—V. 70, p. 841,
Surplus..............
$3,635,366 $2,235,323 $1,171,968 $1,851,025
1149, 1248.
FREMONT ELKHORN & MISSOURI VALLEY.
Ca p it a l Sto c k .—Of the common stook 82,333,688, and preferred
1896.
■3,795 remained in the oo’s treasury in July, 1899. Pref. stook has a
T ren dM av31.
1899.
1898.
1897.
prior right to 7 p. o.; then common 7 p. o.; then preferred 3 per cent; G rossea ^ S gs. . . . . . $3,885,489 $3,881,340 $3,051,982 $2,950,439
893,670
Chen ooinmon 3 per cent; then both classes share.
....... 3 274,687
1
1,237,948
793,839
Netemndngs
1,022,469
1,020,908
1,020,941
D iv id e n d s — ’ 83. '84. ’ 85. '86 to’P3. ’ 94. ’95. ’96. ’97. ’9 8 ,’99.1900. T o t ^ f f i e ^ .......... 1,020,879
Common..
7 7 61 6 yearly 3
«
4
5
5
5 5
6
Balance..........sur.$253,808 sr.$217,040def.$227,102def.$128,799
Preferred.
8
8
7 ^ 7 yearly to July, 1900, inclusive.
—(V. 70, p. 230, 739, 841, 1 1 4 7 ,1 1 4 9 ,1 2 4 8 ; V. 71, p. 28.)
B onds .—General Mortgage.—See A b s t r a c t in V. 65, p. 1 1 7 5 .
G h lc a u o P e o r i a & S t. L o u i s » y . —(S ee M ap.)—Owns from
The authorized issue is $165,000,000 (United States Trust Co., trustee).
8131.640.000 are reserved to retire underlying bonds, and remainder Pekin to Granite City, IU., 180 m iles; Havana to JacksonyUle, 111., 42
fo r additions and improvements, $4,000,000 at once and $1,000,000 m.; branch, Lookhaven to Grafton, 8 m.; total owned, 233 m.; track
a year thereafter. The bonds may be issued bearing such rate of in age, Pekin to Peoria, 10 m.; Granite City, IU., to Merchants’ Junc
terest as shall be deemed advisable. See V. 65, p. 1070. The first issue tion, 3 m.; in city of Springfield, t*m m. Owns and operates^ Litchfield
o f $20,000,000, bears 3*aper cent (reg. interest Q.—F., coupon M.AN.j. & Madison Ry.* Litcbncld Jot. to Madison, 44 in.; trackage* J. & Su
V. 65, p. 69, 111, 571. Up to April, 1900, $9,347,000 had been listed, L Jet to Litchfield, 1 m., total 292*50 mUes. Reorganization and
consolidation of Chicago Peoria A St. L . RR. and St. L. Chic. A St*
V 67 p £25
The* sinking fu n d bands of 1879 are seoured by deposit in trust Ry., sold in foreclosure Jan. 8.1900, per plan in vol. 68, p. 722. The
o f $15,000,000 of 1st mortgage bonds at $15,000 per mile on sub- new company took possession March 1,1900.—V. 70, p. 429.
sidiarv lines, the most important being described in Su pplem en t of
B onds .—Of the $2,000,000 prior Uen 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, which etc., all the remaining securities beingissued for reorganization pur
are subleot to call at 105; and through its operation the amount poses. Stock, com .,$3,600,000; pref., $3,750,000. For year 1898-9 total
outstanding has been reduced from $15,000,000 to the present figure.
gross earnings, $1,214,344. Estimate in plan: gross, $1,200,000; op
The sinking fun d debentures of 1933 have a sinking fund of $200,000 erating expenses, $900,000; taxes and rentals, $75.000; fixed charges,
ner year, if they oan be redeemed at 105. These, as also the de $156 250; bah, $68,750. For 6 mos. ending June 30,1900, $708,074; in
bentures o f 1884 and 1891, will be seoured by any future mortgage 1899* $581,749. President, Charles E. KimbaU, N ew York; Sec. and
excepting any mortgage “ for the enlargement, improvement or exten Treas.7 Raiph BlaisdeU. Springfield, IU. Thomas Carmichael. New
sion o f the company’ s property.” See description of all the debentures York, office 27 Pine St., is largely interested.—V. 70, p. 75, 429,1048,
on page 2, Su pplem en t o f April, 1895. The 25-year debenture mort 1248,1290.
gage o f 1884 was for $6,000,000, but reduced by sink, fund purchases.
C h ic a g o R o c k I s l a n d & P a c if ic R y .—(See Map)—R o a d .—
The extension bonds o f 1886 are seoured by deposit in trust of first
mortgage bonds at a rate not exceeding $20,000 per mile. Included in Onerateslfrom Chicago, IU., via Omaha, Neb., to Denver and Colorado
the collateral June 1.1896, were $10,675,000 Fremont Elk Horn A Mo, Springs, Col., and via Kansas City, Mo., to Terral, I. T., with branches.
Leased, etc.—(HWhich see.) Miles.
Valley lets and $2,560,000 Wyoming Central lets [the Wy. Cent, hav
L ines owned—
Mtâès.
lng been consolidated with F. E. A M. V.], eto. To Jan., 1900, Exten Chio.JlL, to CouneUBluffs,la. 500 Peoria A Bureau VaUey— IT 47
sion 4s for $18,632,000 had been listed on N. Y. Stock Exchange, of Davenp’t, la ., to Atoh’n, Kan. 341 Keokuk A Des Moines........ IT 162
which, July 1,1899, $1,143,000 were held alive in sinking funds. See Elwood to Liberal, Kan......... 440 Des Moines A Fort Dodge.-IT 144
F. E. A M. V. bonds below. Union Trust Co. of N. Y., trustee:
Herington,Kan.,to Terral,I.T. 349 Trackage to Kansas City,
The Fremont E lkhom dt Missouri Talley consols have a first lien on Horton, Kan., to RosweU,Col. 569
No. Topeka, Kan., Denver,
1,170
(Fremont, Neb., to Deadwood, D. T., 557 miles, and Branches.................................. 757
Col., Pueblo, Col., eto........ 338
branches to Hastings, Albion, Ac., 613 miles), but besides the amount
o f issue given as outstanding in the table $10,675,000 are held as part
■mw owned..........................2,955
Tot.linesoper. Apr. 1,1900.3,646
Total -r_________ ___ - ___ ___collateral for Chicago A Northwestern extension bonds o f 1886. The
Chicago
mUes;
Northwestern assumed $3,600.000 of the Fremont Elkhom A Missouri bonds are Book Island & Texas, Terral to Fort Worth, Tex., 93but the
aU deposited as collateral for the gen. mort. bonds,
Valley bonds and guarantees the rest. See guaranty V. 56, p. 650.
road is operated separately. V. 61, p. 793. Line, Enid to Billings,
The Milwaukee Lake Shore «6 Western debentures of 1887 were by
miles, completed Dec., 1899; also
their terms convertible into M. L. S. A W. stook, but North Western O T., about 26 Anadarko to Port SU1,0. T., about 32under constroc.Tun«. 1900.
miles. In Mar.,
officials state that the bonds are not convertible into North West stock.
C b i c a g o & N orth . Pacific » » . —Chicago Terminal Transfer RR.
Ju l y ,
190O
.J
RAILROAD
STOCKS
AND
BONDS
39
r= s
M ' _ t o ______ W _
— .J l
il
!!
O
fr
\
YELL0W8T0NE
© » NATIONAL
^ adi/ I
/
/
A
— Z N ___ I Z ~
I
i
C
I
S
/
r -'
iNVESTORS’
SUPPLEMENT.
M A P OP TH E
Chicago, R ock
Pacific
island
r a il w a y
[Vol. L X X I.
y \
System
AND ITS CONNECTIONS,
2
5»
J u l y , 1900J
RAILKOAD
R A IL R O A D S .
STOCKS
AKD
BONDS.
41
Bond*—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per
Por e xplanation o f column headings, &o., see notes of
pal,When Due.
of
Par
When
on first page of tables.
Road Bonds Value. Outstanding Cent Payable Where Payable, and by Stocks—Last
Whom.
Dividend.
Chic, a 1
Vo. West.—(Own..)
Mil. L. 8h.&W est.- (Con.)—Inc.bonds (not oum.)r
1881 $1,000
$500,000
6
M. & N, N. Y. Office, 52 Wall S t May 1, 1911
Marsh. E x .lst M.for $600,000 ($15,000p. m.) . 0*
40 1892
1,000
400.000
5
do
do
C.&N.W.s.f.b’ds of ’79($15,000p.m.)red.atl05.c<fcr 1,041 1879 1.00060 12,995,000 5 & 6 A. & O
O ot 1, 1922
A. & O
do
do
low aD iv. 1 st M. for $1,411,000 ($20,000 p.m.)o*
O ct 1, 1929
71 1891
1,000
665.000
4*« A. & O,
do
do
Sinking fund debentures, 1933................. o*&r
Apr. 1, 1902
1883 l.OOO&e 9.800.000
5
M. & N,
do
do
25-year debentures......................................o*«fcr
May 1, 1933
1884 l.OOO&c f5 ,369,000
5
M. & N,
do
do
30-year debentures..............................
o*&r
Nov. 1, 1909
1891 1.00060 g9,819,000
5
A15& 0
do
do
Extension 4s, $20,000,000 ($20,000 p. m.)..o&r
Apr. 15,1921
1886 l.OOO&c hl7489,000
4
F15&A
do
do
Gen’l gold bond, mort., $165,000,000. Us. .c*&r
Aug. 15,1926
1897 l,000&o
9.973.000 3*2 g.
ir
do
do
Boyer Valley RR., 1st M., ¿ ., $16,000 per m ile..
Nov. 1, 1987
90 1898
1,000
1.440.000 3*2 g. J. & D,
do
do
Minn. & Iowa Ry., 1st M., g., $16,000 per mile.. 119 1899
Dec. 1, 1923
1,000
1.904.000
3*2 g. J. & D.
do
do
P roprietary Lines.
June 1, 1924
|*em. Elk. & M. V. consol M. $20,000p. m. see text. 1,170 1883
1,000
7.725.000
6
A. & O.
do
do
Sioux City < Pac. pref. stock (1st mort. on 6 m.).
&
O ot 1. 1933
6
100
169.000
7
A. & O.
do
do
Okie. Peo. A 8 t. L .—Prior lien M., g., call at 107*2.0* 230 1900
Apr. 2, '00, 3*2
1,000
1.250.000
4*2g. M. & S.
New York,
Consol. M., $2,000,000, g., called at 105.C ol..o* 230 1900
Mar. 1, 1930
1,000
2, 000,000
do
5 s- J. & J.
Income M., g. 5 p. c. non-cum , called at par.E C 230 1900
July 1, 1930
1,000
2, 000,000 Up to o p er cent when earned.
Litoh. & Mad. (Income) M. $500,000 5%,non-cum.
July 1, 1930
44
500.000
C hicago P o ck Isld .& P ac.—Stk. (for $50,000,000)
100 50.000. 000in 1899 Q.—F. New York and Chicago. Aug. 1,’00, 1*4
5
1st mort., Chic., 111., to CounoUBluflfs&branohes.c* 736 1877 l.OOO&c 12.500.000
6
J. & J. N. Y.,13 William S t
General mortgage, $100,000,000, gold.Ce...o*&r >,182 1898 l , 000&c 54.581.000
July 1, 1917
J. & J.
do
C hicago St. P a u l M in n . & Om aha—Com. stock..
100 18,559,087 5 in 4 g. Feb. N. Y.,do
1900
Office, 52 Wall St.'l^b^ 20, ’00,
’
Preferred stock, non-oumulative (see text)..........
100 11,250,912 7 in 1900 F. & A.
do
St. Paul Stillwater & Taylors’ Falls 1st mort. ...0
do
do
F eb .2 0 /0 0,3*2
21 1878 500 <feo.
334,800
7
J. & J.
do
do
Hud. & River Falls 1st M.,Hudson to River Falls.c
Jan. 1, 1908
12 1878
1,000
125.000
8
J. & J.
do
do
Ch.St. P.& Minn. 1st M.,g.,Elroy to L. S t C. ass’d.c* 177 1878 500 &o.
July 1, 1908
2.551.000
6 g - M. & N.
do
do
8 t. P . & Si’xC . 1 s t M,g.($7,000,000)$10,000p.m.o 607 1879
May 1, 1918
1,000 6.070.000
A. & O.
do
do
w o.w i8. l 8t M. Lake St.C. to n*r Spooner ass’med.o*
Apr. 1, 1919
80 1880
1,000
800.000
I * J. & J.
do
do
® jm t Ste. Marie < Southwest’n 1st M., assumed.c
fe
Jan. 1, 1930
37 1890
1,000
400.000
5
M. & N.
do
do
Nov. 1, 1915
Ch.St.P.M.&O.oon.M.,$30,000,000($15,000p.m)o*
1880 1,000 14,455,327
6
J. & D.
do
do
V tof- Perm’l Tr. RR.—Ch.&GtW .,lst M., g.,ass’d.o*
June 1, 1930
1886
1,000
394.000
J. & D. N. Y., Mercantile Trust June 1, 1936
City or Chicago purchase money mort., assumed
Í * M. & N. To City o f Chicago.
650.000
Ohio. Term. Transf. 1st M.,g. ,$16,500,000 Us.c*&r
May 1, 1938
91 1897
1,000 13.000.
000 4 g. J. & J. N. Y., Mercantile Trust July 1, 1947
In addiiJon to the bonds outstanding as above, the sinking frmdJulv 1 la g o held
f., $521,000 (and $10,000 on hand): g., $181,000; h ., f 1 , 143.000; k ., $202.5(K). a , $58,000; b, $593,327 (these in treasury).
1 Coupon Interest M. < N.; registered Q,
1
fc
ia n ^ l c a g 2 . 1l 0,c ¥ J l[8 la n d * P a c i f i c R y . —C o n clu d ed .
A nnual R eport .—Report for 1899 was in V. 70, d. 892.
Í900, contract let for extension of Ohickasha branch from Mount
Year ending Dec. 31—
1899
1^98 "
1897.
ain View, Okla., west about 40m ., o f which, in June, 1900. about 20
$9,590,992
$8,652,793
miles were operated. V. 70 p. 1153. In June, 1900, the Gowrie & Gross earnings......................... $10,488,814
Operating expenses and taxes. 6,518,136 6,091,563
5.737,447
Northwestern RR. had under construction a line from Gowrie to Sibley, la., 110 mUes, and the Guthrie & Kingfisher RR., from Kingfisher, „ .N 8 t®
$3,499,429
amlll?|....................... $3,970,678
$2,915,346
114,861
111 5°^
O. T., to Guthrie, 26 miles, to both of which advances had been made. N©t5rentals paid.... . . . . . . . . . . . . .
114,626
Net int. on debt (less other ino.) 1,364,483
l t393!852
1,411,470
~ ,£ r!TORT -~Ti!.e Pr®
8eilti. CWcago Rook Island & Pacific was a oon*
on pref. stock................... (7)787,976
(7)787,976
©lidatlon June 2,1880, with $50,000,000 stock authorized.
(7)787,986
(2)370,984
St o c k .—Stock was raised in 1898 to $50,000,000. V. 68, p. 1136.
DrviDENDS >’89 9 0 ’ 91 ’ 92 ’93 ’ 9 4 ’95 ’ 96 ’ 97 '98 ’99
1900
since’88, P.ot. s 4 4 3 4 4 3*2 2 2 2*2 4*2 5 Inc Aue 3%
Also in 1898 a distribution of 10 per cent was made in*stock’ to
«p re s e n t earnings expended for extensions, etc., in 1880-85. (V. 68, -< V . 66, p. 4 * 4 , 5 1 6 ,j * , V. 68, J R K I u , U » 3; V 70, p. S
P- 1136.) 1881 tt ’87, 7 p. 0. yearly in oash; ' 88, 6*2 p. o.
T e r m in a l T r a n s f e r R B .- r & e J f a » .;-P r o per ty Dividends in D 98-9 above 4 per cent were charged to Addition and
0f Pa88W?C£ an^ frei8bt terminals in city o f Chicago, lines
leading thereto, and a belt line around th e city. Companv
2Íklch also stands pledged to pay a *4 per cent
.,
. dividend quarterly up to and including the next regular owns 760 aores^ of land in and adjacent to the city, of which 50 acres
•di /idend day following Jan. 1,1903. V. 68, 0 .1136.
8
are in th eoen treof thebusinessaistrict; also incmdes 7.500 feet of
i? pei t^.on <
Nearly
B on :'8C ^ lie/ ef-í1 5 ^ 0 S a®e 18 for $100,000,000 (Central Trust ^ u n i?tracks have5 tioa8° River.owned in all land, iTininrtw that unon
,n?
.]Í
which
been built, is
fee.
8
* 5011
Co., trustee), of which$65,847,600 were reserved to retire $62,712.000
R o ad O w n e d —
Miles.
«xistiiig bonds (including $50,212.000 paid in 1898-9); $2,000.000
L eased L ines —
M iles
were immediately available for additions or improvements; $500.000 Harrison to Madis’nSt., Chio.10-86 Chicago Juno. Ry. (McCook
buv© been issued to facilitate the issue of refunding bonds; $5,500,- 46th St. to South Oak Park.. 5-36
to Franklin Park)................ 10*54
000 will be available a fte r1902 at $18,000 per mile, to retire bonds on 40th St. to Cem., eto............... 6*76 Chicago Junction R y.........
-13
lines purchased, and remainder are issuable at not over $1.000 000 Western Ave. to Blue Island.15-19
T ra c k a g e —
per annum for permanent improvements and additions, including Harvey Juno, to Harvey.__ 3*87 E. Chic. Harb. to South Ohio.
«qulpment. See Mortgage A b s t r a c t in V. 66, p. 522.
8 Clark Jet. to McCook............28*44
(B. & O .)................................ 6*61
East Chicago to Whiting... 3*89
G e n e r a l F inances .—Av. freight train load in 1898-9 174 tons- r»t,A Franklin Park to Mayfair_ *6*75
_
Total June 30,1899..........108*34
Per ton mile, 0^ 9 c.; in 1897-8, 169 tons; rate per ton mile 0*97o.
Refunding.—The refunding o f the bonded debt during 1898-99 was to Harvey to Chicago Heights.. 9*94 2dtrack,................................ 53.2o
Sidings.................................... 101*89
save $496,621 yearly.—V. 65, p. 571; V. 67, p. 55. In Jan 1900
Total.................................... 91*06
$53,581,000 of the new generaf 4s had been listed.
’
‘
(* Building in 1899.)
_______
Total, all tracks.................263*43
. Ia Ja**;’ 18? 9¿?°Td - ,23J“ 1168 o f tbe Wisconsin Minnesota & Pacific,
1
to the Minn. & St. Louis, for about $1,600,000. This amount is annlloáreorganization in June, 1897, of Chicago & Northern
ble to improvements. The remaining 94 miles were sold in 1§99 to Pacific and Chicago & Calumet Terminal, p la n V. 6 4 , p, » 8 8 , 8 9 8
Chicago Gt. Western parties, v. 68, p. 976; V. 70, p. 1153.
^
Chic. Great Western, Chicago Hammond
E arnings .—From April 1 to May 31 (2 m onths).
& Western, Suburban RR. Co. o f Chicago. In 1898 99 the St. Louis
2 mosGross.
Net.
In t.. etc.
^ orJ j1
J ®ru Ry- Oo. contracted to become a tenant under a 99Balance.
1900-1901...................$3,555,788
$985,544
$626 000
$309,544 year lease, which was modified in respeot to the commuted rental
1899-1900.................... 3,124,288
888,668
651,255
thereuufior, and Edward H. Harriman, Jacob H. Sohiff James
237,413
.
R epokt-—The flsoal year ends March 31. Annual meeting
or b Sore jn
anGie0i 904 ‘ w d
j ° ln% andseveraUy agreed that on
1904*J thoy win cause the Chicago & Alton RR. Co.
Is held in Chicago on the first Wednesday in June. Report for 1899-00
r corporation satisfactory to the Terminal Company as to
at length was in V. 70, p. 1147, 1152—see also editorial, p. 1122,
f l 8P° n8l^m ty’
oA
A
,beoom? the successor to the S tL o u is ^ m p a n ^ M
Year ending March 31—
1900.
1899
1898
leaso ° f Oot. 1,1898.” The modified rental ^ls now
$4,316,817 $96,000 per annum. V. 68, p. 1225; V. 69, p. 703.
Passenger earnings.................. $5,541,037 $5,053,581
Freight.............................
15,881,092 14,351,656 13,835,995
Mail, express, rentals, e t c ....
1,228,475
l)262'677
1,395^771
18 entitled to preference
to the $13,000,000 common in liquidation, and to non-cum. dividends
Gross earnings................... $22,650,604 $20,667,914 $19,548,583 —Of
Ion n ^ e *°ie S yi k d nd8 816 paid on common. Bonds
nn
i8t
Net earnings............................ $7,668,153
$6,991,804
$6,952,616 nAAruin fa88u m bonds;4s,$1,305,000 are reserved to retire the $1,’J ^ 2
$1,905,000 for new property as provided in
From land department..........
3,000
6,000
9,000 the mortgage and $290,000 are held in the treasury/
V
m
Inoome from loans, eto..........
694,440
704,468
470,785
L atest E arnings- U mos. > 1899-O.Gross, $1,120,384; net, $659,827
Total inoome...................... $8,369,593
July 1 to May 31.
j 1898-9.Gross, 1,101,799; net, 675,564
$7,702,272
$7,432,401
Rent leased roads....................
$717,417
$716,802
$671,565 v I 6q «ET777l ie?i?Jt for year e?«Uug June 30,1899, given at length in
P
Interest on debt........................ 3,055,313
3,084,616
3,320,987 y*
P 702, shows gross, $1,221,107; net, after deducting tax««
Missouri River bridges..........
134,802
127,737
g M,xe8*
117,997 $679,161; interest, $572,200; baL, sur., $106,961.
Dividends.................................(4) 1,999,586 (4) 1,960,389 (3)1,384,674
Of f ic e r s .—Chairman of Executive Committee, Edward D. Adams
NY.; fres. and Gen. Mgr., J. N. Faithorn, Chicago, I1L; Seo G eorge
Balance.............................. $2,462.475
$1,812,728
$1,937,178 P. Butler, Mills Building, N. Y.—Y. 69, p. 1148; Y. 70, p. 381, 79l ? rge
—(V. 69, p. 384, 694, 7 4 3 ,8 9 2 ,1 1 4 7 ,1 1 5 2 .)
o
& W e s t e r n I n d i a n a H R . —Owns a valuable terminal
J
¥
*
a u f M in n e a p o lis & O m a h a R y .—(See Map Ohio i roads aflfording entrance into Chicago to the roads named
Wis., to Omaha, Neb.,
T^oite^8 ^v?8
Dearborn Station, Polk Street, Chicago,
593 m iles; other lines, 945 m iles; total, 1,557 miles, of which 1,493 te l0
¡Dciton, 17 miles, also to Indiana State Line, 10 miles to
miles are owned and 64 miles leased. V. 69 p. 1147.
’
tt*a>gm. 16 miles, and to South Chicago, 5 m iles; total, 48 miles* total
a o o ^ o M a t io n July. 1880, o f’ the Chicago St. track, including 2d, 3d, 4th tracks and sidings, 221 m iles; also owns
Paul & Minneapolis, the North Wisconsin and the St. Paul & Sioux Oitv. fvi0 a?re8
real estate, passenger and freight yards, warehoused
Bi November, 1^2,aooiitTO lliM interest in the stock was purchased
^ ^ be^ e^ ? y* Chicago leases and operates 99 miles of
lo r the Chicago & Northwestern Railway by the acquisition o f 93,200 ft®
?*ii® owned by the Ch. & W. I., its securities being all held bv
8
shares o f common and 53,800 shares of preferred.
’
the companies leasing the Chicago & W. I.; see V. 60, p. 1058.
y
St o c k .—Authorized common, $21,403,293; preferred $12 646 sqq.
company’s road and terminals are leased under nerHeld by the company Dec. 31, ¿899, common stoekand scrip.S^.SM - petual contracts to the Wabash, the Chic. & Grand Trunk, the Chicago A
207 preferred stock and scrip, $1,386,921. Preferred stook has a prior Eastern Illinois, the Chicago & Erie and the Chicago I n d i t n a n ® t
right to non-cumulative dividend of 7 percen t; but common is never Louisville, each of which five companies owns $1,000,000 stoolt* Thev
to receive more than is paid on preferred.
are also leased to the Atchison, the Elgin Joliet & Eastern and the Bel?
D iv id e n d s since ’ 8 8 .) ’89. ’90. ’91. ’ 92. ’93 to ’ 96. ’ 97 ’98 ’99 ’00 Railway. The annual rentals must always exceed by at least 20 dot
.nrHnrr
cent the interest on the bonds outstanding.
Common, in Feb.,% >
................
None.
2
2 ' 3*a 5
Froicrrodi !*• c t. . . . j 3
4
4 6-^ v y r)0r fliim /ql» "R feA \ *
—
V
D ividends .— ) 1892-94. 1895. 1896. 1897. 1898 1899. 1900.
B onds . There are $75,000 Minneapolis Eastern 1st m guar * 7s
Per cent, j 6 yearly. 7*a
6
6
t,
6
6
413
due J an. 1,1909; $1,500,000 Superior Short Line Ry. bonds areovraedL
ftiS'~ S
.fticlllgiundpayment8(amountingln year 1899 to $194 oon\
Chicago St. Paid * MmneapoUs 1st 6s, due 1918, and North Wisconsin =™?.1
annually retire a portion of the first mortgage bonds at 105 and
1st 6s, due 1930, are exchangeable at option of holder at any time,
S&SSfcS“ ® the7
drawn the gen eraf m o r tg a g f b o n d K e S m e
dollar for dollar, for consol. 6s of 1880, due 1930.—V 68 d 521
8ah1 to same sinking fund and will be drawn at same price in such
®ot
LANDS.—Sales in ’99,39,513 acres, for $63,738; unsold, 343,941 acres
vrifl retire the debt at or before maturity. In June
L ate st E arnings .—From Jan. 1 to Nov. 30 (11 months) gross
•$9,694,239 in 1899; $8,643,285 In 1898.
monuis) gross, 1900, $14,368,000 general 6s had been issued, of which $2 500 ooo
were reserved to retire firsts and $1,999,333 canceled
$¿,500,000
INVESTORS’
43
[V ol. LXXI.
SUPPLEMENT.
CHICAGO TERMINAL TRANSFER R. It.
MAP SHOWING
p-s-u j
P R O P E R T Y O F R A IL R O A D
LJL-i
»N T E
H
‘
B U S IN E S S C E N T E R OF CH ICAGO
H bG EpD Q Q : "
MAP OF THE
CHICAGO TERMINAL TRANSFER
RAILROAD
AND CONNECTIONS.
---- "fpHlCAGO HEIGH
TS
ttGI"
RAILROAD
STOCKS
AN D
BONDS.
Wallaoe
CHOCTAW, OKLAHOMA
AND
July,
îsee.j
GULF RAILROAD
AND THE
CHOCTAW & MEMPHIS R. R,
5KSON
44
INVESTORS* SUPPLEMENT.
[Vol. LXXI,
Subscribers w i l l con fer a great fa v o r b y g iv in g im m e d ia te n otlee o f a n y error discovered i n these T a b les.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount Rate per When Where Payable, and by
Par
of
For explanation o f column headings, &o., see notes of
whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
«Stocka—Last
Dividend.
July 1, *00 ,li#
$100 $5,000,000
Chicago.
6
Q .-J .
Chicago A Western Indiana—Stock (see tex t)........
1,000
582,000
48 1879
6 g. M. Sc N. N. Y., J.P.Morgan Sc Co. Nov. 1, 1919
1st mort., gold, sink, fund, snbjeot call at 105.0*
Deo. 1, 1932
do
do
9,868,666
48 82-92 1,000
General mort., gold, sinking fond, see tex t.......e*
6 g. Q.—M.
Chicago A West Michigan—See Pere Marquette RR.
Phila., Of., Girard Bldg. Apr.30,’00,2%
50
5,450,000 2 in 1899
Choc. Oklah. A C ult RR.—Com. stock, $6,000,000
Apr.30/00,2i#
do
do
50
5,935,000 5 in 1899 A .& 0 <?/
Preferred stock, ¡5 per cent cumulative................
Oct. 1, 1919
do
do
1,000
4,800,000
General (now first) mort., $5,500,000, g o ld ___c* 283 1894
5 g. J. & J.
1,000
3,525,000
5 g. J. Sc J. Philadelphia and N. Y. Jan. 1, 1949
Choc. & M.|lst M .,$3,750,000, assumed.GP.c&r 282 1899
1.000
A. & O. N. Y., Central Trust Co. Apr. 1, 1901
252,000
6
42 1881
Oin. Oeorget’n A Portsm.—1st mort., $500,000...o
Cincinnati.
100
8,000,000
Cincinnati Hamilton A Dayton—Common stock....
July 3, ’00,1%
do
100
612,100 4 in 1899 Q.—J.
Pref. stock, A Sc B, 4 p.o. cum., guar, (call at par)
June,1900,1%
do
100
462,400 4 in 1899 Q —M.
do
“ Eagle” 4 p.o. cum., guar, (call at par)
Aug. 1’00,1 * %
4
do
6,925,500 5 in 1899 Q .-F .
New preferrec 5 per cent non-cum., $8,000,000..
1,000
996,000
A. Sc O. N.Y. ,Kes8ler&Co54Wall Oct. 1, 1905
7
60 1875
Consolidated mort. (now 1st) $ & A, sink, fund.o^
Oct. 1, 1905
do
do
1.000
1,729,000
5 & 6 A. Sc O.
60 1875
do
do
$389,000 are 5 p. o.o’
Jan. 1, 1937
do
do
2,000,000
4*#g. J. & J.
69 1887 1,000
Second mortgage, gold.......................................... o'
1,000
1892
3,000,000
5 g. J. & D. N.Y ., Blair & Co., 33 WaU June 1, 1942
General mortgage, $7,800,000, gold..........M e.o'
N.Y.,Kessler&Co54Wall May 1, 1941
1,000
3,500,000
5 g. M. Sc N.
Cin. Day. & Iron., 1st M., gold, guar, (assumed.c' 164 1891
J. Sc J. N.Y.,Kessler&Co54Wall Jan. 1, 1903
1,800,000
7
Cin. Hamilton A Indianan.—1st M., guar. p. & I...
99 1873 1. >00
1,000
Sée text.
5 g. J. Sc D. Treas.,office, Cincin., O June, 1943
99 1893
General mort. for $3,800,000, gola, to be gu ar...
200,000
J. & J. Cinn., Cen. Tr.&S.D.Co. Jan., 1916
1,000
5
Cincinnati Lebanon A Northern—1st mortgage, i
38 1886
1,000
1,500,000
Cin.A Muskingum Val.RR.—1st M.$2,000,000,g. F o
148 1898
4 g. F. & A. N.Y., Farm. L. & Tr. Co. Aug. 1, 1948
Cincinnati Northern—New Securities to be I ssi ED U
NDER 8 ECOND Modified P LAN.
1,500,000
Common stock....................................... .................
2,500,000
Preferred stock, 5 per cent non-cumulative.Ce..
20 ft 1900
1,500,000
5 g.
First mortgage, gold............. .........................
100
1,566,000
Cincinnati Portsmouth A Virginia—Common stock 107
July 3, »00,2%
Cincinnati, Ohio.
594,000 4 in 1900 J. Sc J.
100
Preferred stock, non-cumulative (see text)........
107
400,000
1,000
1st mortgage, $500,000, gold, red. at 105___c&r*
5 g. J. Sc D. Investm’t Tr. Co., Phila. June 1, 1925
108 1895
July 1, 1929
Philadelphia.
200,000
1899
1,000
Cincln.Con. Belt 1st M. g., p. &i, gu. red., at 105.C
5 g. J. & J.
1,800,000
1,000
Oin. Richmond A Ft. W.—1st mort., gold, int. gu.o
7 g. J. & D. N. Y., Winslow, L. & Co. June 1, 1921
86 1871
1,729,000
Cin. Saginaw A Mack.—1st M., $2,000,000, gold..o'
1,000
53 1890
5 g. J. Sc J. New York and London. Jan. 1, 1920
A nnual R eport —Fiscal year ends Dec. 31. Report for 1899 was In
V. 70, p. 1148, showing gross income, $940,198; interest, etc., $646,157; dividends, $300,000; bal., deficit, $5,959.—V. 70, p. 4 8 0 ,1 1 4 8 .
Chicago Sc W e s t M ic h .—Bee Pere Marquette RR.
C hicago W l s . Sc M in n .—Sold in 1899 to Wisconsin Central Ry.
C h ih u a h u a Sc Pacific R R . —Completed Apr., 1900,from Chihua
hua, Mexico, to Minaca, 125 miles. Projected to Port Stillwell on the
Gulf of California (Pacific coast) in two sections of 155 miles each, to
be completed April. 1903, and April, 1905, respectively, and to form
the southerly end of the proposed new line of the Kansas City Mexico
& Orient RR., from Kansas City to the Gulf. Subsidies by Mexican
Government in its 5 per cent interior sinking fund bonds are: On 125
miles completed (already received), $1,400,000: on second and third
sections will aggregate $4,750,000. See K. O. M. Sc O. statements and
Chronicle of July 28,1900. Stock is $2,500,000, all issued. No bonds
issued to April, 1900.—(V.66, p. 573.)
C h oetaw Sc M em p h is R R .—See Chootaw Oklahoma & Gulf RR.
C h octaw O k la h o m a Sc G u lf R R .—(«Sise M a p .;—Operates:
Road Owned—
Miles,
Leased—
Miles.
Weatherford, Okla. Ter., to
White & Black River Yalley,
Memphis, Tenu................... 562*9
Brinkley to Newport, etc.,
Coalm ine branches.............. 4
Ark.................... .................. 64
Shawnee to Teeumseh, Ö. T .. 5*5
Total.................................. 632-4
H istory .—A reorganization of the Choctaw Coal & Railway Co., sola
in foreclosure Sept.9,1894. Holds valuable coal leases. The Choctaw
Sc Memphis RR., formerly leased, was merged in June, 1900. V. 70, p.
944. The White & Black River Val. RR. is leased tor 80 years from
July 1,1900, at a rental sufficient to pay interest on $500,000 five par
cent bonds for first ten years and on $600,000 thereafter.—V. 71, p. 83.
STOCK.—As to pref. see V. 62, p.588,778,821,868—(V. 64, p. 134.) On
June 27,1900, the stockholders voted to issue $2,000,000 additional
preferred and $2,250,000 common stock to absorb the Choctaw &
Memphis and for other purposes. V. 70, p. 944,1290. Of the $65,000
common and $550,000 preferred unissued in July, 1900, one-half will
be delivered in Oct. and balance in Jan., 1901.—V. 71, p. 83.
V oting Trust .—In Maroh, 1899, a majority of both common and
referred shares had been deposited with Effingham B. Morris, Wilam H. Jenkrt, Charles E. Ingersoll, George H. Colket and Samuel
Dickson as voting trustees, until July 1,1904, all the new stock issued
in June, 1900, being also deposited.—V. 68, p. 427.
D ividend .—On pref : In 1898, 5 p. c.; in 1899, 5 p. c.; in 1900, Apr.,
2 1 First on common, 2 p. c., Oct. 31,1899; in 1900, Apr., 2 p. c.
#;
B onds.—Of the general 5s, $700,000 are reserved for future addi"
tions, etc. In 1899 the prior lien 6s were retired.—V. 69, p. 695.
L atest E arnings .—For 7 months, Nov. 1 to May 31:
7 months—
Cross.
Net.
Charges.
Bal., sur.
1899-0..................... $1,361,349
$505,345
$154,945
$350,400
420,206
150,500
269,706
1898-9..................... 1,114,258
R efort .—Yearends Oct. 31. Report for 1898-9 was in V. 70, p. 174.
Fears end.
Cross
Cross o f
Net
Interest
Balance,
Oct. 31— o f railroad, m ining.
o f both, and taxes.
for year.
1 8 9 9 .../.. $1,352,127
$606,965 $716,902 $258,205
$458,697
1898........ 1,067,534
567,398
597,791
242,208
355,583
From surplus above shown were paid dividends as follows: In 1897-8
on pref., 5 p. o. ($200,000); in 1898-9, on pref., 5 p. o. ($200,000), and
on oommon Oct 31,1899, 2 p. c. ($75,000).
Coal output in 1898-9 was 419,813 tons against 426,538 tons in
1897-8. Pres., Francis I. Gowen, Philadelphia, V. 71, p. 83,
C in cin n ati G eorgetow n Sc P o rtsm o u th .—Cincinnati, south
easterly to Georgetown, 42 m. Stock, $400,000; 1st M. 6s due Apr.,
1901, $252,000. Stockholders were to vote Apr.10,1900, to issue $125,000 of 5 per cent non-cum. preferred stock and to authorize a $500,000 4 per cent mortgage to redeem the bonded debt and for other pur
poses. V. 70, p. 739. For 8 mos.to Aug. 31, ’99, gross, $44,757, against
$38,975 in 1898—V. 70, p. 739.
8
S
C in cin n ati H a m ilto n Sc D ay to n R y .—(«Sec Map.)—Operates a
direct line between Cincinnati and Toledo, Ohio, with branches to
Indianapolis, Ind., and Ironton, on the Norfolk Sc Western, etc.
Road owned—(USee this Co.)Miles,
Proprietary roads—
Miles.
Cincinnati to Dayton, 0 ........... 60 Cincinnati Hamilton & In d...if 99
Dayton to Deans, O .................. 176 Cincinnati < Dayton................ 14
fe
Dayton to Delphos, 0 ............... 98 Columbus Findlay & Northern. 18
Trackage.................................... 13 Bowling Green R R .................. 21
Roads leased—
Piqua & Troy Branch............... 8
Dayton & Michigan...............1Î142
Home Avenue R R ...............
3
Total o f all......................... „6 5 2
Owns jointly with Clev. Cinn. Ch. Sc St. L. the Dayton Sc Union.
H istory , E tc.—In July, 1895, consolidated with the Cin. Dayton
& Ironton and Cin. D. & Chicago under the name of Cin. Ham. & Dayton
Railway. V. 60, p. 1104; Y. 61, p. 68. Indiana Decatur Sc Western
is operated in connection with the C. H. & D. system. V. 61, p. 1064
Stock .—New preferred is entitled to 5 per cent, then oommon to 5
per cent; then both share equally. V..69, p, 1300.
Nov., 1895 to Aug., 1900
D ividends since consolidation,
5% yearly (Q-F )
New preferred, issued in 1895........
B onds.—The general mortgage is for $7,800,000, o f which $4,800,000
reserved to retire the prior liens at maturity; the prior bonds must not
be extended. The mortgage covers the perpetual lease of the Dayton &
Michigan, the profits under which are large. V. 54, p. 799; V. 55, p. 373.
Guaranties .—Guarantees securities of Cin. Hamilton & Ind. and
Dayton & Michigan; also $933,000 Indiana Decatur & Western first
5s. V. 69, p. 795. As to control of Cin. N. O. & T. P., see that Co.
R eport .—Fiscal year ends June 30. Report in V. 69, p. 952, showed
Year end. June 30—
1899.
1898
1897.
Gross earnings.......... ..................... $5,241,503 $4,908,563 $4,627,352
Net earnings.................................... 1,582,097 1,487,215 1,398,670
$846,970
Deduct interest on b o n d s ............. $846,970
$946,970
96,900
Div. pref, stock D. & M. R R ........
96,900
96,900
84,107
Div. com. stock D. & M. R R .......
84,067
84,067
Div. com. stock Home Ave. R R ..
3,460
3,250
383,033
Div. pref. stock C. H. & D. R y ...
380,340
383,101
Total............................................$1,411,737 $1,414,288 $1,411,010
Surplus.............................................. $170,360
$72,927 def. $12,340
—(V. 67, p. 3 1 9 ,1 0 0 2 ,1 3 0 5 ; V. 69, p. 695, 795, 9 5 2 ,1 3 0 0 .)
C in cin n ati H a m ilt o n Sc In d ia n a p o lis R y .—(See Map 0. H .
A D .)—Owns Hamilton, Ohio, west to Indianapolis, Ind., 99 miles.
Stock .—Common stock ($2,500,000) is all owned by the Cincinnati
Hamilton & Dayton, which operates the road, V. 57, p. 144. Pre
ferred non-cumulative 7 per cent stock, $281,679.
B onds.—The first mortgage bonds are guaranteed by the C. H. & D.
(authorized $2,500,000), but $700,000, under an agreement of 1880,
will not be issued. General 5s, $1,333,000, issued, in treasury.
E arnings.—In year ending June 30, 1898, gross, $747,210; net,
$93,372; interest, $126,000; balance, deficit for year, $32,628.
C in cin n ati J a c k so n Sc M a c k in a w R R .—V. 70, p. 581, 583.
C in cin n a ti Sc L ic k in g R iv e r R R . —Brooksville to Wellsburg,
10 miles, and Hillsboro to Johnson, 17 miles. In June, 1900, con
tracts let, Brooksville to Johnson Jet., 28 miles. Extension also pro
posed in 1900 from Hillsboro to Morehead, 20 miles, making 75 miles
in all. Stock, $200,000. All the old bonds will be retired by new se
curities to be issued. Pres., 8. 8. Puckett, Yellow Springs, Ohio; VicePres. and Gen. Mgr., Y. Alexander, Brooksville, Ky.—V. 70, p. 1194.
C in cin n ati Sc M n sk in g n m V alley R R .—(«See map o f Pittsburg
Cincinnati Chicago A St. L ou is.)—Owns’ Morrow, Ohio, to Trinway, O.,
148 miles. Successor on Aug. 1, 1898, to the Cm. < Musk. Val. R y.,
te
foreclosed June 29,1898, and purchased in the interest of Penn. RR.
V. 67, p. 27. Of the bonds $500,000 are reserved for future needs.
Sinking fund retires yearly, beginning Oct. 1, 1899, one per cent o f
the amount then outstanding, if offered at par or less. Bonds are not
subject to call. Stock, $2,000,000; par $100; all issued. Pennsylvania
RR. owns $754,000 of the $1,500,000 bonds. V. 55, p. 1078.
E arnings.—Fiscal year ends Dec. 31. Report 1899 in V. 70, p. 1045
Yr.end. D ec.31. Cross
Net.
Interest. Ac.
Balance.
1899.................$513,227
$122,847
$60,000
$62,847
1898................. 491,978
89,712
105,280
def.15,568
- ( V . 67, p. 27,176, 222, 900; V. 68, p. 1 0 7 2 ; V. 70, p. 1 0 4 5 .)
C in cin n ati N ew O rleans Sc T e x a s Pacific R y .—R oad .—Oper
ates Cincinnati Southern Ry., Cincinnati to Chattanooga, Tenn.,
336 m. Lease Cincinnati Southern RR. owned by city o f Cincinnati.
Rental now, $1,102,000; from Oct. 12,1901 to 1906, $1,262,000 yearly.
As to extension of lease, see V. 70, p. 75,1095.1149. Sept. 30, 1899,
receiver was discharged V. 69, p. 743. Stock, $3,000,000, controlled
ia interest of Southern Ry. and Cincinnati Hamilton & Dayton Ry. V.
61, p . 26; V. 65, p. 1173.
Latest E arns.—11 mos., 51899-0. Gross, $4,712,665; net, $1,315,747
July 1 to May 31.
(1898-9.Gross, 4,290,744; net, 1,466,795
A nnual R eport .—Report for 1898-9 was in V. 69, p. 952, show ing:
Gross, $4,691,232; net, $1,585,006 (against $1,389,682 in 1897-8);
rentals, etc., $1,411,445; balance, surplus, $173,561; against surplus
$274,278 in 1897-8. V. 69, p. 695, 743, 9 5 2 ; V. 70, p. 75,1095,1149.
C in cin n ati N orthern R R .—Owns from Franklin, O,, via Addi
son Juno., to Jackson, Mich., 205 miles; trackage (C. C. C. & St. L.),
Franklin to Cincinnati, 42 m. Owns terminal property in Cincinnati.
Proprietary line Detroit Toledo & Milwaukee, Allegan to Detroit,
Mich., and branches, 200 miles, from Feb. 1,1899. Successor in June,
1897, of Cincinnati Jackson & Mackinaw.
The second modified reorganization plan, dated Mar. 5, 1900 (V. 70,
p. 583), provides for the issue of the securities shown in the table
above. Under the plan the $4,198,543 Cin. Jackson & Mackinaw
bonds heretofore deposited (or the securities issued therefor) will re
ceive 50 per cent of the principal in first preferred stock. The new
company will be free to deal with the Det. Tol. & Mil. RR. and the
Cincinnati terminals, which will be unencumbered.
R eport .—Annual report of Cin. Nor. RR. and Det. Tol. & Mil. in V .
70, p. 581, showed: For calendar year, partly estimated; in 1899,
gross, $835,446; net, $158,086; in 1898, gross, $798,428; net, $24,476.
BONDS
STOCKS AN D
.RAILROAD
1900.1
Ju l y
INVESTORS’
SUPPLEMENT.
[Vou
l x x i.
July. 1906 ]
RAILROAD STOCKS
AN D
47
BONDS.
Snbserlbers w ill confer a great fa v o r by g iv in g Im m ed iate n otice o f a n y error discovered In tbese Tables*
Bonds—Princi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Du*.
Amount
of
For explanation o f column headings, <fcc., see notes of
Par Outstanding Rate per When Where Payable and by Stocks—Last
Road. Bonds Value.
Whom.
on first page of tables.
Dividend.
Cent. Payable
O learfield A Mahoning—Stock, 6 per cent rental..
$50
26 1893
1st mortgage, gold, guar. B. R. A P ............... c**r
1,000
Olevel’d Akron A Oolumb.—Gen. M. (now 1st,) g..o 177 1887 50Ó Ac.
Eauio. Tr. A 2d M., called at par Aug. 1,1900.... 177 1890
1,000
C leveland C in cin n a ti Chicago «© St. L o u is—
....
....
Common stock ($28,700,000 authorized)
100
....
Preferred stock, 5 per cent, non-cumulative.........
100
C. I. St. L. A C. con. M..drawnat 105, s.f. 1 p. C-C* 175 1880
1,000
Gen. IstM.. $10,000,000 gold,s.f. not drin.-CAr ___ 1886 1,000Ac
Q eve. Col. Cin. & Ind. Consol, mort. (see text).. . 391 1874
1,000
Gen. consol, mort, ($12,000,000) gold.......o* A r 391 1884 1,000
72 1869
Indian A St. L. 1st mort., in 3 ser. of $667,000.c.
1,000
72 1882
2d M. ($2,000,000), gold, Indianap. to Terre H o.
1,000
62 1890 1,000
Cl.Cin.Ch.&8t.L., White Water Val. Div, 1st, g .. .0*
45 1871
Columbus Springfield & Cincinnati 1st Mort....
1,000
45 1890 500 Ac.
Spring. & Col. Div. (Col. 8p. A Cin.), 1st M., g.o*
CairoDivision 1st Mort., $5,000,000, gold...o* 267 1890
1,000
St. L. Div., coll, trust, g. ($351,000 in s. f).c&r 194 1890 1,000Ac
Cin. Wab. AMioh. Div. 1st mortgage, gold— o" 203 1891
1,000
Gen. mort. 100 year for $50,000,000 g.M E o’ Ar 1,808 1893
1,000
Obligations for P roprietary L ines .
Cincinnati Lafayette & Chicago,1st mort., gold.o
Cincinnati Sandusky A Cleveland—Pref. stock...
Consol, (now 1st) M. ($3,000,000) gold.............o
Cincinnati & Spring.—1st m., p. A i.gu. See text.e
2d mortgage. Big Four owns $526,000 m ore..o
Louisv. AJeffersohv. Bridge 1st M.—See that Co.
Cleveland Lorain A Wheel.—Pref. stock $5,000.000.
Consol, mort. (now 1st) $5,000,000, g.Le»M ...C''
General mortgage, $1,000,000, gold, N...............c
T
Consol, ref. M $10,000,000, g., red. at 1021
T,
3..o*
Car trusts (due $6,302 monthly) June 3 0,1900..
Clso. A Mah. Val.—Con.M. (now lst)$3,000,000,g.cAr
56
....
170
48
48
....
192
192
Ì25
6
J. A
5 g. J. A
5 g. M. A
6 g. F. A
J.
Checks mailed.
J. N. Y., Guaranty Tr. Co.
S. Hamilton Tr., Bk’lyn.
A.
do
do
1,000
50
1,000
1,000
1,000
792,000
428,997
2,571,000
2,000,000
125,000
7 g. M. A S.
M. A N.
6
5 g. J. A J.
A. A O.
7
J. A J.
7
1893
1896
1900
100
1,000
1,000
1,000
5,000,000
5,000,000
893,000
(?)
174,476
2,935,000
5 g.
5 g.
4*2g.
5
5 g.
1888 l,0ÖÖAc
July
Jan.
Mch.
Aug.
1,
1,
1,
1,
1900
1943
1927
1900
N.Y..J. P. MorganACo. Sept.,’00, li«%
27,987,835 See text.
do
do
Sept. 1, ’OO.li*
10,000,000 5 in 1900 Quar.
do
May 1, 1920
689,000
6
M. A N.
do
Aug. 1, 1936
7,684,000
do
do
4 g. Q.—F.
June 1, 1914
4,138,000 7 or 6 g. J. A D.
do
do
Jan. 1, 1934
3,205,000
do
do
6 g. J. A J.
July 1, 1919
2,000,000
Various
do
7
do
Nov. 1, 1912
M. A N.
do
500,000
do
6 g.
July 1, 1940
650,000
do
do
4 g. J. A J.
Sept. 1, 1901
78,000
M. A S.
do
do
7
do
do
Sept 1, 1940
1,103,730
4 g. M. A S.
Jan. 1, 1939
5,000.000
do
do
4 g. J, A J.
Nov. 1, 1990
do
do
10,000,000
4 g. M. A N.
July 1, 1991
4,000,000
do
do
4 g. J. A J.
June 1, 1993
do
12,634,000
do
4 g. J. A D.
1871
..
1888
1871
1872
For fiscal years (actual): in 1898-9, gross, $783,027; net, $89,614; in
1897-8, gross, $788,472; net, $85,729. Of the 1899 net earnings about
$118,000 was earned by the Cin. Nor. and $40,000 by the D. T. & M.
C in cin n a ti P o rtsm o u th & V irg in ia B R , —Owns from Idlewild, O., to Sciotoville, 107 miles; trackage (Oin. Lebanon & Nor. to
Cincinnati), 4 miles; total, 111 miles. Preferred in Jan., 1896, paid 3
p. c.; July, 1896, 2 p. c.; 1897, 4 p. c.; 1898, 3 p. o.; 1899, 4 p. e.;
1900, 4 p. o. Equipment notes, June 30, 1899, $21,674.
The
entire capital stock of the Cincin. Conn. Belt RR. is owned and its
$200,000 bonds guaranteed, principal and interest. V. 70, p. 75.
Form of guaranty, V. 70, p. 230.
E arnings.—For year 1898-9, gross, $293,713; net, $72,869; int.,
taxes, etc., $29,900; dividends, $23.760; bal., sur., $19,159. In 1897-8,
gross, $270,384; net, $47,721.—V. 69, p. 852,906; V. 70, p. 75.
C in cin n ati R ic h m o n d Sc F o rt W a y n e B R . - Owns from Rich
mond, Ind., to Adams, Ind., 86 miles; leases 5 miles of P. F. W. A C.
Now operated (January, 1900), by Grand Rapids A Indiana Ry.
Rental, net earnings. Interest is guaranteed by the Pennsylvania Co.
and Pittsburg Cin. Chicago & St. L . Co. jointly (the P. C. O. & St. L.
taking the place of the Cin. Hamilton A Dayton in 1888). Stock, $1,709,313—par, $50, of which Penn. Co. Deo. 31, 1899, owned
$1,256,900. Due guarantors Deo. 31,1899, $1,378,845.
Balance.
Year end. Dee. 31. Gross.
Net.
Interest, Ac.
1899....................$494,020
$101,682
$126,150
def. $24,468
def.36,852
1898 .................... 447,342
89,148
126,000
C in cin n ati S a gin a w Sc M a c k in a w B B . - From Durand to
West Bay City, Mich., ft3 miles. The Grand Trunk o f Canada owns
$825,000 of the $1,500,000 stock issued, and above bonds had a
traffic guarantee from that road and the Chicago A Grand Trunk.
In
June, 1900, the Chic. A Grand Trunk disaffirmed the lease, and the
Grand Trunk Ry. will operate the road. V. 71, p. 28, 83.
Year Dee. 31— Gross.
Net.
Interest.
D eficit. Traf.guar.
1899.................$161,241
$80,875
$86,450
$5,575
(i>
$37,326
1898................ 137,676
63,836
86,450
22,614
—V. 71, p. 28, 83.
Clearfield Sc M a h o n in g B y . - (See Map Bwf. Roch. A Pitts.)—Owns
road, completed in 1893, from D u Bois Juno, Penn., on Buff. R. & P.,
to Clearfield on Beech Creek RR., 26 miles. Leased during corporate,
existence and renewals thereof to Buffalo Rochester 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, the latter being guar,
p. & l., by indorsement on each.—See V. 61, p. 710.
C leveland A k r o n Sc C olu m b u s R a ilw a y .—Owns from Hud
son, O., to Columbus, O., 144 miles; Dresden branch, Kilbuok to Trinway, 33 miles; coal spurs, 11 miles; total owned, 188 miles; trackage
Trinway to Zanesville, 16 miles.
Penn. Co. took control June 1,1899, purchasing $2,237,500 of the
$4,000,000 stock (par $100). Bills payable June 30, 1899, $602,724; secured by $1,000,000 consol. 5s of 1893, of an authorized issue
o f $5,000.000; oar trust notes, not matured, $89,310; total floating
debt, $692,034. The stockholders voted on July 13,1900, to author
ize a mortgage for $4,000,000. V. 71, p. 134. The $730,000 equip,
trust and 2d m ort 6s, were called for payment on Aug. 1, 1900. V.
70, p. 841. In 1898-9, gross, $938,743; net, $276,611; interest,
rentals, etc., $201,328; balance for year, $75,283. (V. 69, p. 1 2 4 4 ;
V, 70, p. 841,1194; V. 71, p. 134.)
Cleveland Canton Sc Southern R R .—In 1899 sold to Wheel
ing A Lake Erie, which see; also V. 70, p. 281.
E arnings.—11 months, > 1898-99.......Gross, $645,242; net, $82,973
July 1 to May 31.
51897-98.......Gross, 627,512; net, 120,042
Cleveland C incinnati Chicago Sc St. L o u is R y . —(See Map.)—
Operates an extensive system of roads radiating from 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. As shown on map the system
comprises: if See this company.
Leased and controlled.
Miles.
Owned directly—
Miles.
Cleveland, 0 .,to Columbus,O.. 138 Cincinnati & Springfield Ry.—
Lud.G’ve(6m.fr.Cin.)to Day’n 48
Gallon, O., to Indianapolis.....203
Delaware to Springfield........
5Ò Colum. Hope & Greensb’g RR.— 26
Cincinnati to Lafayette..............175
Trackage into Cincinnati, Ac. 32
Indianapolis to Terre Haute___72
Total included in earns... 1,838
Harrison Branch......................
7
Leased—entire stoch owned—
Operated; earns, kept separate—
Cincin. Lafayette & Chic. Ry.— 57 Peoria A East’n R y. (IT).—
352
Cairo Vincennes & Chic. Ry.—
Kankakee A Seneca RR.—
42
Cairo, 111., to Tilton & branch.267 Mt. Gilead Short Line............
2
St. Lou. Div. T. H. to E. St. L.193
Total of system June 30,’99.2,234
Columbus Springfield & Cin.—
Columbus, O., to Springfield.. 45 Trackage 01. Cent, into Chic.. ) 5e
White Water—HarriBon, Ind., to
On psioentage basis............5
Hagerstown, Ind..................... 62 Trackage into Jeffersonville. > 53
Cin. Wabash & Michigan Ry.—
B & 0 . S. W ..........................J
Operates independently—
Benton Harb. to Rushv. & Br.249
Other lines (a)............................. 44 Dayton & Un. RR. (11)............... 47
Double tr a c k .............................. 60
Cincin. Sandusky A Cleve. Ry.—
a No debt, or bonds all owned.
Sand’sky, O., to Dayt’n, O.etc.170
$750,000
650,000
1,800,000
730.000
do
do
do
do
do
do
do
do
do
do
N .Y ., Blair 33 Wall St.
do
A. A O.
do
J. A D.
do
do
J. A J.
J. A J.
See text N.Y. .Winslow,Lan. ACo.
Sept. 1, 1901
May 1, ’00, 3%
Jan. 1, 1928
Apr. 1, 1901
Jan. 1, 1902
O ct, ’96,1%
Oct. 1, 1933
June 1, 1936
Jan. 1, 1930
M’thly to 1903
Jan.'1 , 1938
The company is also one-fourth owner o f the Peoria & Pekin Union
Ry., one-seventh owner in the Terminal Railroad Association o f St.
Lotus and two-fifths owner of the Indianapolis Union Railway and
partial owner of Dayton & Union, which is operated independently.
H istory , E tc.—A consolidation o f the Cincinnati Indianapolis St
Louis A Chicago Railway Company, the Cleveland Columbus Cincin
nati A Indianapolis Railway Company and the Indianapolis A St. Louis
Railway Company, made in July, 1889, per plan in V. 48, p. 427. It
is one o f the so-called Vanderbilt roads, the Vanderbilt interest having
been increased in Jan., 1900, to an absolute majority of the stock. V.
70, p. 75,125. The St. L. Alt. A Terre Haute main line and branch
were purchased in 1890 for $10,000,000 4s.
Cai itai . Stock .—On Jan. 1, 1890, the common stock was $20,500,000; it has been increased to present figure to acquire stocks o f lines
absorbed, etc. Dividends on common stock were resumed in Mar.,
1900, li*i p. o. being paid for 6 mos. ending Deo. 31, 1899; divi
dend for next 6 mos. may be at the rate o f 4 per cent. V. 70, p. 75.
D iv’ os.—
1890 ’ 91 ’92 ’ 93 ’94 ’95 ’96 ’ 97 ’98 ’ 99
1900
Common... ) 4 p. c. 3
3 3
0 0 0 0
0 OInC. Sept., 3
Preferred.. J
5 5 5 5 5 5 5
21
« 5 5
5
B onds.—The sinking fund provision o f the Cleveland Columbus Cin
cinnati A Indianapolis consol, bonds (stamped) has been canceled. The
principal of these bonds is payable in gold, but the interest is payable
at option of holder either lniaw ful money at 7 per cent per annum or
in British sterling at 6 p. o.
Of the Indianapolis A St. Louis first mortgage bonds series “ A” are
J . & J.; series “ B,” M. & 8.; series “ O,” M. & NT
St. Louis D ivision bonds, see deed of trust V. 52, p. 42-45.
As to the Cincinnati Wabash A Mich. 4 per cents, see V. 52, p. 718.
The 100 year mortgage o f 1893 is limited to $50,000,000, o f which
$29,252,000 were reserved to retire at maturity bonds outstanding on
the various lines (exclusive of Cairo division. Peoria division, Michigan
division and the St. Louis division west o f Terre Haute); o f the bal
ance, $5,000,000 were authorized to be sold at once for double track,
equipment, etc., and the remaining $15,748,000 were issuable after
July 1, 1894.) for new construction, etc., at the rate of $1,000,000 a
year; $3,634,000 were so issued in years 1895-99. V. 64, p. 1224.
Mercantile Trust Co. of New Yorkis trustee. InFeb., 1900, $25,618,000
general 4s were reserved for prior liens and $11,748,000 for equip
ment, construction and betterments.
The Cincinnati A Springfield firsts are guaranteed, $1,000,000 o f
them by C. C. C. A Ind. (now consolidated with Cl. Cin. Ch. & St. L.)
and $1,000,000 by the Lake Shore A Mich. So.
G eneral F inances.—On Jan. 1, 1900, bills payable only $3,425;
there were $117,150 equipment notes, payable in monthly instalments,
$39,050 becoming due in 1899-00. Guarantees interest on Louisville
& Jeffersonville bridge bonds jointly with the Ches. A O. V. 68, p.
822. In Mar., 1900, dividends were resumed on common stock—see
V. 70, p. 75.
Tramc.—In calendar year 1895 carried 8,848,275 tons, o f which
bituminous coal furnished 20 p. o., grain 12 p. o. and lumber 11 p. c.
L atest E arnings.—From July 1 to May 31 (11 months.)—
11 mo».—
Gross.
Net.
In t., Ac.
B al., sur,
1899-0.......................$15,347,347 $4,602,088 $2,642,225 $1,959,863
1898-9....................... 13,365,121
3,712,310
2,657,153 1,055,157
A nnual Report .—Annual meeting last Wednesday in October.
Report for 1898-99 in V. 69, p. 590, 600. Preliminary statement for
1899- ’00in V. 71, p. 133, showed: Net revenue after deducting inter
est and other charges, $2,190,906; income from investments $81,000;
div. on pref. (5 p. o.), $500,000; on common (3 p. o.), $840,000; oar
payments, $821,566. bal., sur., $110,340.
Year end. June 30— 1899.
1898.
1897.
1896.
Passenger earnings. $4,245,036 $3,850,126 $3,665,193 $4,035,326
Freight..................... 9,226,534 9,237,507
8,254,873
8,576,700
Mail and express.. . .
932,887
930,657
912,449
847,982
Total earnings...$14,404,457 $14,018,290 $12,832,515 $13,460,008
Oper’g exp. A taxes. 10,645,556 10,968,367 9,864,665 10,293,703
P. o. op. ex. to earns.
73*90
78‘24
76*87
76*47
Net earnings.... $3,758,901 $3,049,923
Rentals, interest, Ac.
338,497
336,992
Total net noome.
Interest on bonds...
Rentals,etc...............
Dividends.................
$2,967,850 $3,166,305
284,596
252,319
$4,097,398 $3,386,915 $3,252,446 $3,418,624
$2,672,544 $2,708,691 $2,687,049 $2,639,863
201,165
196,333
237,091
204,647
500,000
375,000
375,000
500,000
Balance..............sur.$723,689 sur$106,891 df.$46,694 sur. $74,114
- (V. 70, p. 75,125, 328, 429,1249; V. 71, p. 1 3 3 ,1 3 4 .)
C lev ela n d . L o r a i n Sc W h e e l i n g B y . —( See M ap.)—Owns from
Lorain, O., to Bridgeport, O., opposite Wheeling, W. Va., 158 miles;
Lester to Cleveland, 28 miles, and branch to Bellaire, O., 6 miles;
total, 192 miles, and has trackage into Wheeling.
H istory .—This railw ay is a consolidation Nov. 23,1893, o f the O. L.
& W. railroad and the Clove. A Southwestern. (See V. 57, p. 979.) In
Deo., 1899, control was acquired by Blair & Co. of N. Y. V. 69, p. 1274.
INVESTORS’
SUPPLEMENT.
[Voi..
l x x i.
July, 1900.]
RAILROAD
STOCKS
AN D
49
BONDS.
Subscribers w ill con fer a great fa v o r b y g iv in g Im m ed iate n otice o f a n y error discovered in these T a b les.
iiond*-Princi
INTEREST OR DIVIDENDS.
R A ILR O A D S.
pal,When Due.
Miles Date Size, or Amount
Rate Per When Where Payable, and by Stocks—Last
of
Par
For explanation, o f column headings, &c., see notes of
Whom.
Road. Bonds Value. Outstanding Cent. Payable
Dividend.
on first page of tables.
4*3 g. M. & N. N. Y., Farm. L. & T. Co.
Clev. A Mar.—1st M., s. f.,n ot drawn, gold, guar.o* 103 1895 $1,000 $1,250,000
Q .-M . N. Y., Winslow, Lanier,
7
SO 11,226,050
Viene. A
Stock, 7 p. o. guar, by Penn. RR.Co
M. & N.
do
do
1,218,000
7
1,000
Consol, sink, fund mort. for $5,000,000,notdr’n .c Ï99 1867
do
do
3,000.000
4%i g. J. & J.
199 1892
1,000
Gen. M. for $10,000,000 gold ) series A ...........o*
do
do
2,000,000
4iflg. A. & O.
199 1892
1,000
guar. p. & i. (end.) Pa. RR. > series B ...........o*
do
do
3,000,000
3%ig. M. & N.
1,000
do
do
do
> series C ............o* 199 1898
M. & N. N.Y., Off. B.<feO.,2 Wall.
5.515.000
75 1895
1,000
Clev. Term’ l A Valley—1st M., (see text) gold.o*&r.
600,000
6 g‘ J. Sc D. Phila., Read. Co. Office.
13 1868 100 &c.
OolebrookdcUe—lstM.,$593,400,und. Read.M .of 96c
3,421,300
100
Colorado Midland—Common stock, $4,000,000---4,979,800
100
Preferred stook, 4 per cent, non-cum.,$6,000,000
: 1 , 011,000
4 g. J. & J. N. Y ., Central Trust,
1897
1,000
1st mortgage, $10,000.000.......... . . . - . . . , . -Ce.o*
X J. & J.
do
do
1897
do
stamped, interest 4% in c a s h .......
1,000 x7,500,000
i g. M. & S.
New York.
500.000
26 1897
5 g*
Colorado A Northwestern—1st M., gold. W e............
100 30.995.000
Colorado A Southern- Common stock, $31,000,000
N. Y., Hallgarten & Co.
8.500.000 See text.
100
1st pref., 4 per cent, non-cum., $8,500,000..........
8.500.000
1882
100
2d pref., 4 per cent, non-cum., $8,500,000..........
F. & A. N. Y., Central Trust Co.
1,000 17.603.000
1st mortgage, gold, $20,000,000. C e..................o* 1,086 1899
i g* J. < J. N. Y., Central Trust Oo.
&
See text.
1,000
Col. Sp.A drip. Or. Dist. By.—IstM. $2,000,000. Ce Text. 1900
£ g- M. & N.
500.000
Philadelphia.
1895
Col. Wyoming A Gt. No.—1st M., $6,000,000, g .. c*
£ g- J. & D. N. Y., N.Y. Seo.&Tr.Oo.
272.000
"28 1898
5 g.
Columbia So "them —1st M., gold, $2,100,000. N ...
C olum bus H ock. V al. Jk T oledo—See Hocking Valle y Ry.
In default.
545.000
40 1889
1,000
5 g. M. & N.
Columbus Lim a A Milwaukee—1st mort., gold.A.O
J. & J. N.Y., Int. B’k’g&Tr.Co.
115 1899
1,000
(1)
Col. Marsh. A North’n —1st M., g., $2,800,000... .
I e - Semi-an Columb’s,0.,Reo’rs’ Off.
l,035,n00
1897-8
Col. San. A Hock. RR.—New reo’ sctfs., $1,200,000
2,000,000
1,000
5 g. A. & O. Apr.,’97,coup.last paid.
1st mortgage (prior lien), $2,000,000, gold.......e* 227 1895
a-4 g. J. & J.
7.446,591 2 1
None paid in oash.
1,000
General mortgage, $10,000,000, g o ld .M p .......o ' 227 1895
F. & A.
4
1.778.000
1895
Income bonds, non-cumulative, g o ld ....................
J. & J. Jan.,’97, coup, last paid.
453.000
1890
1,000
Zanesville Term’l Co. 1st m. for $500,000, gold.o*
341.000
i g - M. & 8.
1,000
1893
Col. Ter. & Transf. mtge. $350,000 gu. C. S. & H.
50,000
Car trust notes................................. .
500.000
6
1895
Receiver’ s certificates (old Co.) out in July, 1896
x In 1901 and 1902 the interest is payable $15 in Jan
July 1, 1947
July 1, 1947
Sept. 1, 1947
Feb. 14,'00,2%
Feb.
Jan.
May
Deo.
1,
1,
1,
1,
1929
1930
1925
1948
May 1, 1929
Jan. 1, 1930
Oct." i',* 1900
Jan. 1, 1946
1945
July 1, 1940
1943
and $25 in J uly
STOCK.—Common, $8,000,000, and preferred, non-oumulative, 5 p. o.,
$5,000,000, par $100. After dividends of 5 p. o. have been paid on the
preferred and common both stocks share alike.—V . 60, p. 1058.
D ividends ,—On preferred in 1896,3 p. o.; none since.
B onds.—The consolidated mortgage for $5,000,000 is now a
first lien on the 192 miles main line, including the extension
o f 28 miles to Cleveland, completed Dec., 1894; also 105 miles sidings,
equipment, terminals, etc., now owned or hereafter acquired. Of the
$10,000,000 consol, refunding gold, 4^ s, (Colonial Trust Co., N. Y.,
trustee); $5 ,000.000 are reserved to retire the first 5s, $1,000,000 to
take up the general 5s due June 1,1936, the remainder being avail
able for improvements, etc. V. 70, p. 230, 480. Bills payable June
30, 1900, $250.
L atest E arnings.—Ten months, July 1 to April 30:
10 mos.—
Gross.
Net.
Charges. B al., sur.
189P-0................................... $1,690,229 $447,426 $227,974 $219,452
1898-9................................... 1,337,498
392,072
228,500
163,572
R eport .—Report for year ending June 30,1899, was in V. 70, p. 227.
Showing gross, $1,621,981; net, $484,086, other income, $7,000; inter
est on bonds, $277,000; interest on oar trusts, etc., $19,571; balance,
$194,515. ’97-8, gross, $1,501,431; net, $438,924. (V. 70, p. 739,1194.)
C leveland Sc M a h o n in g V a lley R y .—Owns from Cleveland.
O., to Sharon, Pa., 81 miles [57 double track]; Niles, O., to New Lisbon,
O., and branches, 44 miles. Leased to Nypano RR. (formerly N. Y .,
Penn. & Ohid) till 1962; rental $514,180 per annum, payable monthly.
In 1896oonsols for $455,000 were issued to retire the last of the prior
bonds and the oonsols are now a first lien on the entire road. Coupo n
interest is J. & J., registered interest, Q.—J. Stook is $3,259,200, o f
which $2,758.250 is held by “ Atlantic First Leased Lines Rental Trust
Co., Limited,” o f London. Dividends in 1897, 13%; p. o.; in 1898,
131« p. o.; in 1 8 9 9,131 p. c.; in 19 0 0,131 P. 0.—V. 63, p. 968.)
«
«
C levelan d Sc M arietta R y .—Owns from Marietta, O., to Canal
Dover, 103 miles, and branch 7 miles, Zoar, O., to Canal Dover,leased.
Pennsylvania Co. obtained control inOot., 1899, having purchased
about two-thirds of the stook, and took charge Jan. 1,1900, the net
revenue over operating expenses, taxes and interest on bonds being
returned to the company. Stook, $2,000,000—par $100.—V. 69, p. 1345.
B onds.—New first mortgage for $2,000,000 is dated May 1,1895,
and is guaranteed as to principal and interest by the Penn. Com pany
(trustee, Farmers’ L. &T. Co., N.Y.). Sinking fund of 1 p. o. com
mences July 1, 1896; bonds bought at par but not subject to call.
R eport for 1899, in V. 70, p. 1045, shows gross $507,980; net, $66,322; interest on bonds, $56,250; balance, sur. for year, $10,572. In
L897, gross, $355,721; net, $ 9 ,05 9 .-(V . 68, p. 1072; V. 69, p. 1345; V.
70. p. 1 0 4 5 .)
C leveland Sc P ittsb u rg R R . —(See Map Pennsylvania Railroad.)
Cleveland, O., to Rochester, Pa., 124miles; branches—Bayard, 0.,to New
Philadelphia, 31 miles; Yellow Creek to Bellaire, 43 m.; trackage, Roch
ester to Pittsburg (Pittsb. Ft. Wayne & Chic.), 26 miles; total, 224 miles.
L ease—Leased fo r 999years, Deo. 1,1871, to Penn. RR. Co., and lease
transferred to Pennsylvania Co. Rental, 7 p. o. on $11,226,050 stook,
interest on bonds and organization expenses.
B onds.—Generals are all equally secured; guaranty. V. 56, p. 604.
E arnings.—Fiscal year formerly ended Nov. 30; changed in 1898
to Deo. 31. Report for year ending Dec. 31, 1899, was given in V.
70, p. 1046, showing gross earns., $4,586,497; net, $1,474,237; profit to
lesseq was $148,270.—(V. 68, p. 1 0 2 0 ; V. 70, p. 429, 583, 1046.)
C leveland T e r m in a l Sc V a lley R R .—See Map Baltim ore A
Ohio. Owns from Cleveland, Ohio, to Valley Junction, 75 miles;
sidings, 67 miles. Successor, as per plan in V. 60, p. 437 and V. 61, p.
70, to Valley Ry. (of Ohio), sold in foreclosure Sept. 10, 1895.
STOCK—Of the $4,615,300 common (par $50) B. & O. owns $4,594,300
common and of the $2,060,750 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 with a provision making them subjeot to call at
par and interest on and after May 1,1904.—V. 70, p. 1048.
E arnings.—Y ear 1898-99, gross, $954,490; net, $320,973; other
inc., $7,202; interest, #221,OOj ; taxes,24,652; surplus, $82,518.— (V.
63, p. 7 9 1 ; V. 70, p. 1048.)
C o l e b r o o k d a l e R R .—Pottstown to Barto, Pa., 12-84 miles.
Leased to Phila. & Reading Ry. Common stook, $297,215; par $50 per
share.
C olorado M id la n d R y . —Owns from Colorado Springs to New
Castle, Col., 234 miles, including Snowden to Leadville, 8 m., not op
erated; Snowden to Arkansas J<5t., 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 Junction RR., Rifle Creek, Col., to Grand Junc
tion, 63 m iles; total owned and leased, 356 miles.
Organization .—Successor Oct., 1897. to the Colorado Midland R ail
road, foreclosed and reorganized per p lan in V. 64, p. 1 2 2 4 , 1 2 2 6 .
In May, 1900, a majority of stook was purchased in the joint interest
May 1, 1935
June 1,’00,1%
N ov.’ 1, 1900
Jan. 1, 1942
Oot. 1, 1942
Nov. 1, 1948
Nov. 1, 1995
June 1, 1898
of the Colorado & Southern and Rio Grande Western, the new owners
taking possession July 2,1900.—V. 70, p. 686, 791, 997,1290; V. 71,
p. 28.
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. 139. The$116,000 equipment B 6 per
cent bonds were paid at maturity Jan. 1, 1900, and an equal amount
of 1st 4s will probably be issued; none issued to July, 1900.
The 2 per cent non-obligatory interest on the former first 2-3-4s was
paid in scrip July 1,189$, and July 1 ,1 89 9 ,but in July, 1900,entiiely
in oash; V. 70, p. 1290.
R eport .—Statement for 1899-1900, partly estimated, was in V. 70,
p. 1289. Report for year ending June 30,1899, in V. 69, p. 1343:
V rs. end. June 30—Gross.
Net.
M isc.inc. Charges.
Surp.
1899-0.................$2,195,260 $649,719 $15,448 *$564,301 $100.866
295,348
10,593
303,736
2,205
1898-9................ 1,659,798
* The charges in 1899-00 include full 4 per cent interest on the first
mortgage b on d s.-V . 70, p. 686, 739, 791, 995, 1 2 8 9 ,1 2 9 0 ; V. 71, p.
28, 134, 1 3 ».
C olorado Sc N orth w estern R y .—Boulder to Ward, Col., 261
a
miles, operated from Oct., 1898. Branches projected from Sunset to
Eldora, Col., 19 miles, and Eldora to Middle Park, Col. 45 miles; to
tal, 90 miles. Stook, $500,000; par $100; all issued. Bonds, $500,000 50-year gold 5s, dated Sept 1,1897 (M. 8.), Mercantile Trust Co.,
N. Y., trustee. Pres., W. O. Culbertson, Boulder, Col.
Colorado Sc S ou th ern R y .—(See M a p )—Operates from Orin
Junction, Wyoming, through Colorado to Fort Worth, Texas, viz.
Lines owned.
Miles.
Miles.
Cheyenne to Orin Junction........ 164
Other lines, br., etc. (106 nar. gau.) 385
Denver to Bessemer Junct, Col... 128 Trackage—Pueblo to Walsenburg
Denver to Lead v. (narrow gauge). 161
(Denver A Rio Grande)............
68
Como to Baldwin Mine ( do ). 131
Trinidad, Col., to Texas State line 136
Total owned and lea sed ........ 1,142
Also has large interest in Fort Worth S Denver City Ry., 465 miles.
c
Has traffic and trackage agreement with Union Paoific, connecting
the Cheyenne & Nor. Division with the system at Greeley and Denver;
also trackage over Atchison tracks, Denver to Pueblo, Col. V. 69,
p. 179. In Sept., 1899, opened 21 miles of new branches and in April,
1900, had completed 5 miles on extension up South Platte Canyon.
O rg an ization .—Succeeded on Jan. 11, 1899, per plan in V. 67, p.
748, the Union Paoific Denver & Gulf and Denver Leadville < Gun
fe
nison, oreclosed and sold in Nov., 1898. Owns a large majority o f
the common stook of the Fort Worth & Denver City Ry., which see. In
1900 the Colorado Midland was acquired in the joint interest of
the Col. & So. and Rio Grande Western.—V. 70, p. 739.
V oting T r u st .—A ll classes of stock are vested in the voting trus
tees, Grenville M. Dodge, Frederic P. Olcott. Harry Walters, Henry
Budge and J. Kennedy Tod until Jan. 1,1904, and then until the first
preferred stook shall have received a 4 per cent oash dividend for
three consecutive years. The voting trustees may, however, deliver
the stook at any earlier date.
D iv id e n d s .—Div. on 1st pref., 2 p. o., paid Feb., 1900, out of earn
ings for calendar year 1899.—V. 70, p. 75.
B onds .—The new mortgage is a first lien on all the road, equipment
and other pi operty, $2,2 -10,000 being reserved for the acquisition o f
coal properties, and for future additions, betterments, equipments,
etc., at not exceeding $300,000 a year. Statement to theNew York
Stock Exchange in V. 68, p. 1027,
Earnings—5 mos., $ 1900...............Gross $1,668,268; net, $322,329
Jan. 1 to May 31.
(1 8 9 9 ............. Gross, 1,478,673; net, 411,389
An n u a l R e p o r t .—Statement of earnings for 1899 (December ap
proximate) in V 70, p. 75, showed: Gross, $4,033,728; net, after
taxes, $1,020,834; other income, $30,114; interest from Feb. 1,1899.
$641,666; div., 2 p. c. on i st preferred, $170,000; bal., sur., $239,282.
For old com panj, year 1898, net $986,613.
Directors.—Frauk Trumbull, Denver (President); Grenville M. Dodge, New
York (Chairmans Frederic P. Olcott, Harry Walters. Henry Budge. J. Ken
nedy Tod, Oliver Ames, Norman B. Ream, Luther Kountze, EdwardC. Hen
derson and Edward T. Berwind.
—V. 69, p. 179, 283,1103; V. 70, p. 75, 686
C o lo r a d o S p r in g s Sc C r ip p le C re e k R R .—Under construction
in Jan., 1900, as a steam road from Colorado Springs to Cripple Creek,
Col., etc., to be, when completed 60 miles in length. Of this, 7 miles,
between Cripple Creek and Victor, being the former Cripple Creek
District (Electric) Ry., absorbed, is operated, and 48 miles additional
are e * pected to be completed about Oct. 1, 1900. Certain terminal
lines in the Cripple Creek District will also be operated by eleotricity
for the local passenger business. V. 70, p. 328. Stock, all subscribed,
common, $1,200,000; preferred, 5 per cent non-cum., $800,000. Par
of shares, $100 each. In Jan., 1900, $1,300,000 bonds had been sold.
Beginning Jan. 1,1902, a sinking fund of 5 per cent of gross earnings
for preceding year can retire bonds yearly at 110. President, Irving
Howbert; Sec., E. F. Draper; Treas., F. M. Woods.—V. 69, p. 1147; V.
70, p. 75,175, 328.
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RAILROAD STOCKS AN D
BONDS,
51
Subscribers w i l l con fer a great fa v o r b y g iv in g im m e d ia te notice o f a n y error discovered in these T a b les.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount Rate Per When Where Payable, and bs (Stocks—Last
of
Par
For explanation of column headings. <fto., see note of
Whom.
Dividend.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
55
Columbus A Xenia—Stock, 8 per oent rental—
71
Concord A Claremont (R . H .)—1st mortgage........ o
Concord A Hontreai—Stock, Class I. (B. C. < M. pf.)
fe
Stock, Class II (B. C. & M. new)............................ —
Stock, Class III. (B. C. «ft M. old stock)..................
Stook, Class IV. (Concord) $6,000,000 auth. Text
166
Bost. Con. & Mon. improvement mortgage........ c
Concord &Montreal consol.mort. for $5,500,000. c~ 262
Debenture bonds, $650,000, currency...............o'
Do
do
$500,000 cur.(V.69,p.ll93)0*
Concord A Ports.—Stook,7 p.c. m ’l, 99 yrs. Conc’d .. 40i*
Conn. A Possum.—Pref. stook, 6 p. o. rent’1,99 yrs.o*
1st mort. (White Riv. Juno, to Canada line) gold.o* n o
37
Massawippi st’k, guar.same div. as Conn. «ft Pass.
22
Newport «ft Richford 1st mort. guar, by C. «ft P.o*
80
Connecticut Rivet— Stock ($2,670,000 authorized)..
80
Sorip, redeemable in ten years in cash or bonds..
Bonds, not mortgage, for $1,000,000, gold........ c
Connecting (Phila.)—1st m., gu. p. «ft i. Pa. RR. en. c 6**75
Connecting Terminal RR. (Buffalo)—1st M.......... r
24
Cornwall A Lebanon.—Stock.....................................
24
New 1st mortgage for $800,000............................r
Corvallis A Eastern—1st mort. ($11,250,000).Ce.o*
35
Govello A Columbia River—1st mort., $700,000, g.
57
Cumberland A Pennsylvania— lstm ort. gold, guar.
Cumberland Valley—Stock ($484,900 is preferred).
82
1st and 2d ms., gold (2d $109,500 due Apr, 1908.)
189*4
1881
1890
1897
1899
1893
1881
1893
1893
1864
1883
1891
1898
1900
1891
1856
Q —M. Columbus, O., Treasurer JunelO,1900,2
825
$1,786,200
4Jfl J. «ft J. Bost., Treasurer’s office. Jan. 1, 1914
* 500,000
July2 ’00,1\%
Q.—J.
See text.
7
800,000
July 2 ’00,134%
do
Q.—J.
7
540,400
c5.—#r.
do
July2’00,l% %
7
459,600
July2’00,13Ï%
do
Q.—J.
7
5,397,600
j . «& j . B’ston, Faneuil Hall B*k Jan. 1, 1911
6
500,000
J. «ft D. Boston Safe D. «ft Tr.Co. June 1, 1920
4
5,000,000
J. «ft D. Bos. S.D. & Tr., Boston. June 1, 1920
4
650,000
do
do
June 1, 1920
3ia J. < D.
fe
400,'*00
Manchester, N. H.
Ju ly,’0 0 ,3i«%
J. «ft J.
7
350,000
F. < A. Boston, S. Dep. <ftTr. Co. A u g.l, ’00, 3%
ft
6
2.500,000
do
do
Apr. 1, 1943
1,900,000
4 g. A. «ft O.
Aug.,1900,3%
do
do
F. < A.
fe
6
400,000
do
do
Jan. 1, 1911
J. «ft J.
350,000
5
Boston, Mass.
July 1, ’00, 5%
J. «ft J.
2,580.000
10
J. < J. Springfield or Boston. Jan. 1, 1903
fe
4
1,290,000
Boston, Mass.
M. «ft S.
Sept. 1, 1943
4 g.
i.ö ö ö
1,000,000
M.16&S. Phila., Broad St. Stat’n Sept.,1901-’04
6
1.000
991,000
May 1, 1903
M. «ft N. Phila., 26 S. 15th St.
5
1,000
500^000
50
800,000 41« in »99 F. «ft A. Co.’ s off., Lebanon, Pa. Feb. 1, ’00,21«
do
do
Apr. 1. 1921
A. «ft O.
5
100 «fee.
766,400
New York City.
1998
4 g. F. «ft A.
1,000
(1)
Apr. 1, 1920
fe
(?)
5 g. A. < 0.
fe
5 g. M. < N. Guar. Trust Co. o f N. Y. May 1, 1921
1,000,000
1,000
1,777,850 8 in 1899 Q.—J. Phila. «ft Chambersburg. July 2 ,'0 0 ,2 %
50
do
do
Apr. 1, 1904-8
500 &c.
270,500
8 g. A. «ft O.
$50
1,000
100
100
100
100
1,000
1,000
1,000
1,000
100
100
1,000
100
1,000
100
C olu m b ia Southern R y .—Owns from Biggs, Ore., south to Shaniko, 71 miles In Apr., 1900, also under construction to Prineville,
47 miles; also projected from near Cross Hollows in Wasco County to
Canyon City. In 1899 made a mortgage for $2,100,000 to N. Y. Se
curity < Trust Co., as trustee, of which $272,000 was issuable at onee,
fc
and remainder, it was said, at $10,000 per mile on additional road.
Pres., E. E. Lytle; See., May Enright, Wasco, Ore.—V. 68, p. 330.
C olu m bu s Sc C in cin n ati M id la n d R R .—( See Map Balt. A Ohio.)
—Owns from Columbus, O., to Midland City, O., 71 miles. In Jan.,
1899, the B. & O. reorganization committee had acquired for 94 flat
nearly all the bonds. V. 68, p. 129; V. 67, p. 1159. V. 69, p. 743. In
1897-8, gross, $405,988, net, $89,532; taxes, $10,979. V. 70, p. 76.
C olu m b u s H o c k . V a lley Sc T o l.—Sbk H o c k in g V a l l e y R t ,
C olu m b u s L im a Sc M ilw a u k e e R y .- O w n railroad from
Lima, O.. to Defiance, 40 miles; completed Dec., 1899. On Deo. 1,
1899, H. G. Baker was appointed receiver on ground of default in
$42,000 loan. V. 69, p. 1103, 1193. Stock authorized, $1,000,000;
par, $100. Bonds are issuable at $20,000 per mile, not exceeding $7,500,000, and are not subject to call. President, J. G. W. Cowles of
Cleveland.—(V. 69, p. 1103,1193.)
C olu m b u s M a r sh a ll & N orth eastern R R .—Projected and in
Oct., 1899, partly graded from Marshall, Mich., on Michigan Central
(east o f Jackson), northeasterly to Bay City, about 135 miles. In
March, 1900, track laying was expected to begin in about a month.
Stock, (1). Bonds are subject to call at par on any interest day.
President, H. E. Hollon, Marshall, Mich. (V. 69, p. 333.)
C olu m b u s San du sky Sc M o c k in g R R .—R o ad —Sandusky via
Columbus to Zanesville and southerly to Glouster, Shawnee and
Shawnee Junction, with branches; total, 273 miles, o f which 226
miles are owned and 47 miles leased. Trackage to Toledo, 51 miles.
R e c e iv e r sh ip —Joseph Robinson is now receiver. As to receiver’ s
certificates and last coupon paid on the bonds, see table above. In
March, 1900, Joseph Robinson, receiver, was appointed special mas
ter to sell the road, but an appeal will be taken and the sale w ill
probably occur in the fall of 1900.—V. 70, p. 531.
Stock of the Hooking Val. Ry. was reserved to acquire interests in the
CoL Sand. & Hock, or successor co. if at any time practicable or desir
able. V. 68, p. 40.
R eorganization Committee .—In June, 1899, the Fitzgerald com
mittee disbanded, the securities deposited with the Mercantile Trust
Co. being returned. V. 69, p. 26. Litigation pending.
John G. Carlisle and Joseph F. Randolph o f New York and Charles
S. Hinchman of Philadelphia represent bonds deposited with the
North American Trust Company. V. 69, p. 78; V. 67, p. 842,1160.
St o c k , E tc .—Common, $7,500,000 authorized; outstanding, $3,348,
392; pref. 4 p. c., cum., $4.041,000; par, $100. First M. sorip, $80,000.
L atest E arnings—llm o s ., 51898-9—.Gross, $766,926; net, $78,235
July 1 to May 31.
( 1 8 9 7 -8 ...Gross, 711,163; net, 108,142
A n nual R epo rt .—Report for 1895-6 was in V. 63, p. 600 and 835.
Hears ending June 30—
1899.
1898.
1897.
1896.
Gross earnings................... $837,681 $795,793 $796,074 $905,296
Net earnings........................ 66,906
113,145
123.225
208,431
Taxes and rental..........................................................................
101,171
—(V. 69, p. 26, 78, 228, 439, 491, 541, 695; V. 70, p. 531.)
C olu m b u s W e lls to n Sc S ou th ern R R .—Lancaster Junction,
O., at a connection with the*Penn. RR., to South Bloomingville, 34
miles. In March, 1900, the Columbus Lancaster & Wellston RR. filed
a mortgage to John W. Dickinson, as trustee, to provide for extension
north from Lancaster Junction to Columbus, 20 miles, and south from
South Bloomingville to Wellston, 17 miles.—V. 70, p 480. Total pro
jected road, about 100 miles. Stock authorized, all common, $2,000,000; par, $100. President and Gen. Manager, William H. Stevenson,
Lancaster, O.; Secretary and Treasurer, Jas. L. Clark, Chicago, 111.
C olu 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 pays 8 per cent on stock.
&
The lease is guaranteed by the Pennsylvania Railroad Company. The
C. «ft X . pays 8% percent dividend (8k out of assets) per annum, 2 iBper
oent March 10 and September 10 ana 2 per oent June 10 and Deo. 10.
ConeordL Sc M on treal 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. Branch from Manchester to Milford,
18 miles, to be completed during summer of 1900, for which $500,000
S^s were issued. V. 69, p. 1193. On June 29, 1895, leased to Bos
ton & Maine for 91 years at rental of 7 per cent per annum on all
stock. V. 69, p. 795,1193,1345.
C oncord Sc P o rtsm o u th R R . —Owns Portsmouth, N. H., to
Manchester, N. H., 401 miles. Leased to Concord RR. in 1862 for 99
a
years. Lease, rental, $25,000; 7 per oent on stook.
C onnecticut Sc P assu m p sie R iv e rs R R .—White River Juno.,
V t, to Canada Line, 110 m.; leases 999 years Massawippi Valley, 37 m.
L ease .—From January 1, 1887, leased to the Boston <
fc
Lowell for 99 years on a basis to pay Connecticut < Passumpsie stook
fe
5 per cent till January, 1897, inclusive, and 6 per cent thereafter,
August, 1897, dividend being 3 per oent. In October, 1887, the Boston
6 Lowell, carrying this road, was leased to Boston «ft Maine. Stook
authorized, $3,000,000; outstanding, as in table.
S e c u r i t i e s .— Massawippi stook receives same dividends as stook o f
lessee, and $400,000 of ft [not included in the amount outstanding]
is pledged as part security for 4s of 1893 [$1,900,000 authorized]
which replaced $1,500,000 of 7s due April 1,1893. Of the $2,500,000
preferred, $500,000, as also $50,000 Massawippi Valley Ry. stook.
are represented by Connecticut Trust & 8afe Deposit Co. of Hartford
5 per cent trust certificates, under which the Vermont Valley has the
right for 45 years from Aug. 1,1885, to purchase the trust stook at
par and interest and in the meantime receives all dividends above 5
per cent per annum on the stock deposited in trust.—(V. 57, p. 1040.)
C onnecticut R iv e r R R .—Owns from Springfield, Mass., to
Keene, N. H., 74 miles (double tracked, 36 miles) ; branches, 6 miles.
Lease .—Leased for 99 years from Jan. 1, 1893, to the Boston &
Maine, annual rental (as amended Oct. 10,1895) being 10 per oent per
annum on capital stock),payable directly to the stockholders in semi
annual Instalments Jan. 1 and July 1, and in addition thereto interest
on 4 per oent bonds and sorip and $2.000 for organization expenses.
Lessee pays all taxes, operating expenses, etc., but lessor shall issue
its stock or bonds for permanent improvements. (V. 61, p. 470.)
C onnecting R y . (P h ila d elp h ia ).—Owns from Mantua Junotion
to Frankford junction, Pa., 6-75 miles; total mileage including 2d, 3d,
4th tracks and sidings, 52 miles. Leased to Philadelphia «ft Trenton for
999 years, and with that road operated by Pennsylvania Railroad.
Rentalpaysinterest,taxe8and6p.o on$l,278.300oapitalstock(par$50)
—all owned by Penn. RR. Current liabilities Deo. 31,1899, $1,417,424.
C onnecting T e r m in a l R R . (B u ffa lo ).—In March, 1900, the
Pennsylvania RR. purchased the Erie < Western Transportation
fe
stock and paid off its bouds; also acquired, it is understood, substan
tially all the securities o f the Connecting Company.—V. 70, p. 429.
Coos B a y R o se b u rg & E astern R R . Sc N avigation C o.—V.
69, p. 1345 ; V. 70. p. 175.
C orn w a ll Sc L eb a n on R R .—Owns Lebanon, Pa., to Conewago,
22 miles; branches,3 miles. Dividends, formerly 4 to 4* per oent,
a
yearly,were in 1893 6 p. 0.; also in 1892-93 paid a special dividend
of 13 p .c.; in 1894, Feb., 2 p. c.; in 1895, Aug., 2 p .c .; in 1896,4
p. c.; in 1897, 3 p. 0.; in 1898, 4 p. c.; in 1899, 4*j> p. e.; in 1900,
Feb., 2ia p. c. In year ending June 30, 1899, gross, $213,673; net,
$106,345; interest and charges, $45,565; dividend (4 ^ p. o.), $36,000;
balance, surplus, $25,763.—V. 65, p. 571; V. 70, p. 632.
C orvallis Sc E astern R R .—Owns from Yaquina toldanah, Ore.,
142 miles. Land grant was 850,000 acres. Organized in Deo., 1897, to
purchase and extend the Oregon Central & Eastern, which was the
successor of Oregon Pacific, sola in foreclosure Deo. 22,1894. Mort
gage (Central Trust Co., N. Y., mortgage trustee), secures $11,250,000
4s, to provide for extension eastward to Snake River in Malheur Oo.,
and to cover all railroad lines hereafter aoquired up to 750 miles.
E arnings.—In year ending June 30,1899, gross, $126,036; net,
$14,292; total deductions, $60,800. For 5 months ending June 30,
1898, gross, $47,111; net, $2,575. (V. 66, p. 335, 573; V. 68, p. 474.)
r o v e llo Sc C o lu m b ia R iv e r R y .—Projected to extend from Oovello to Riverside, Wash., 35 miles, and thence to Wallula, on the Co
lumbia River. Stook authorized, $1,000,000. In May, 1900, filed a
mortgage to the Produce Exchange Trust Co. of New York, as trustee,
to secure 87o0,000 twenty-year 5% gold bonds, dated April 1,1900.
President, J. A. Thronson, Dayton, Wash.
Cuba C om pan y.—V. 70, p. 841, 995.
C u m berlan d «S O b lò R R ., N orth . Div«—V. 70, p. 739, 1095,
e
1249.
C um berland Sc P e n n sy lv an ia 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 30,1899, gross, $673,398 ; net, $288,530 ; charges, $80,750; dividends, $260,108; bal., def., $53,328. In 1897-8, net, $697,496.
C u m berlan d V alley R R .—Owns from Harrisburg, Pa., to Potomae
River. Md., 82 miles (and with leased lines operates to Winchester, a
total distance of 116 miles). It leases—Cumberland Valley «ft Martinsburg Railroad, 34 miles; Dillsburg & Meohaniosburg Railroad, 9 miles;
Southern Pennsylvania Railroad, 21 miles ; leases Mont Alto Railroad,
18 miles; total operated, 165 miles. (V. 61, p. 152.)
Stock .—Authorized, $2,000,000; outstanding, $1,292,950 common,
$241,900 first pref. and $243,000 second pref.; of this $975,850 com
mon and $237,200 preferred are owned by Pennsylvania RR. Oo.
D ividends .—In 1880 to 1884, 10 per oent yearly; from 1885, to
July, 1900, both inclusive, at rate o f 8 per oent yearly.
E arnings. — months, > 1900____ ..Gross, $368,026; net, $113,821
2
Jan. 1 to May 31.
S1899...........Gross, 323,936; net, 79,879
R eport for 1899 was in V. 70, p. 580. Earnings entire line as follows:
B ai., suro.
Tear.
Cross
R et
In t.,etc.
Dividends.
$55,445
1899.........$960,281 $240,581 $42,908 (8 p.o.) $142,223
66,402
1898.......... 903,369
249,835
41,805 (8 p.O.) 142,228
—(V. 64, p. 4 6 7 ; V. 66; p. 7 0 6 ; V. 68, p. 6 6 8 ; T. 70, p. 1 80.)
59
INTESTOBS’
SUPPLEMENT.
[V
ol.
L x x r.
O ti
MAP OF THE
O
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.„
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D E LA W A R E & HUDSON
Waterloo
^Varnham
RAILROAD SYSTEM.
f Sutton Jc.
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JC .
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Sheldon
' w . c m a zy I
1Cambridge Jo
Dannemorg^
Brockvillc
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2 Middlebury
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J * BELLoVs FALLS^j
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Brattleboroi
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p rtia h d ^ .
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p
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dvEH
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9M
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?■
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High Falls o / “j
,
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Collinsville 1
1ARTFOT
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yatemown c
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», ■
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H iverhead,
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.2
r r 'ERSEY/
(Branch
iifW A
...
J u l y , 1900.J
RAILROAD
STOCKS
AN D
BONDS.
93
Subscribers w i l l eon fer a great fa v o r by g iv in g Im m ed iate n otice o f a n y error discovered In these T a b les,
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount Rate Per When Where Payable, and by Stocks—Last
Par
of
f o r explanation o f column headings, &o., see notes of
Outstanding Cent. Payable
Dividend.
whom.
Road. Bonds Value.
on first page of tables.
D akota Pacific—1st m., g., $650,000....... . . . . I B . o
Dallas Fort Worth A Gulf—Mort., $1,000,000, g-0*
Dayton it Mich.—Com. st’k (3*3 p.c. guar.C.H.&D.)..
Preferred (8 p. c. guar. O. H. A D.) endorsed.-----1st mortgage, guar. p. A i. end by C. H. & D — c
Dayton <t Union—lstM ., sink, fund (notdr.)..C CI.e
Dayton A Western—1st M., guar. L. M. and C. & X .o
Delaware—Stock.......................................................
Gen. M., $2,000,000, gold.e*.................. ...........
Delaware A Chesapeake 1st M., assumed, cu r..c
Del. A Bound Br.—Stock—8 p. e. gu. Phila. & Read,
1st mortgage................................................... - .........
2d mortgage, extended in 1899.............................
Delaware A Hudson—Stock........................... —
1st mort. on Pennsylvania Div. ($10,000,000) c&r
Bluff Point Land Improve. Co. 1st M.,gold,guar.o*
Equipm’t M., $1,500,000, g , i i 0 May, y’ly ..U s ..
Equipm’ t deb., $2,500,000, $200,000 an’ly, Jan. 1
Delaware Lackawanna A Western—Stock.................
Con. M. now 1st M.onroaa & equip ($10,000,000)o
Delaware Maryland A Virginia—Stock.......... .
Junction & B.—1st m. to State, extended............
Junction A Breakwater 2d mortgage..................c
40
142
32
88
224
117
54
"27
27
1871
1881
1879
1864
1892
1882
1875
1879
1877
1890
1899
1900
194
A. & O. Boston, Inter. Trust Co. Apr. 1, 1929
$650,000
?*•
(1)
„
Apr. 2, ’ 00,1%
Cincinnati,
3ifl A. A O.
2,403,243
" '5 0
July 3, ’00,2%
do
8
1,211,250
Q —J.
50
J. A J. N.Y., Kessler A Co., Cin. Jan. 1, 1911
5
2.728.000
1,000
J. A D. N.Y., Am. Exch.Nat.Bk. Dee. 1, 1909
225.000
7
1,000
A J. N. Y.. Bank of America. Jan. 1, 1905
6&7
495.000
1,000
July 2/00,3%
Checks mailed.
2,987,125 6 in 1900 J. A J.
25
4*sg. J. A J. Phila.,Broad St.Station July 1, 1932
500.000
1,000
Feb. 1, 1912
do
P. & A.
4
400.000
1,000
Q.—F. Phila., 240 So. Third St. May 19/00,2%
8
1.800.000
100
F. A A. Phila.,Guar.T.AS.D.Co. Aug. 1, 1905
7
1.500.000
1,000
M. & N. Phila.,240 So. Third St. Aug. 1, 1905
4
300.000
100 Ao.
Mch N.Y.Of.,21 Cortlandt St. June 15’00,1%
100 34.800.000 5 in 1900 Q—
Sept. 1, 1917
do
do
M. A S.
5,000,000
7
l,000& c
Jan. 1, 1940
do
do
300.000
1,000
4 g. J. A J
Yearly to 1909
do
do
M.15&N
1.350.000
3*2 g.
1,000
1902 to 1915
do
do
J. A J
2.500.000
50 26.200.000 7 in 1899 Q.—J. N. Y., 26 Exchange PI. J’ly 20 /00 ,1 %
Sept 1, 1907
do
do
M. A 8 .
3.067.000
7
1,000
526,758
25
"s'
J. A J. Phila., Broad St. Station Jan. 1, 1932
185.000
do
do
F. A A
4
250.000
i',000
1899 $1,000
1877
I860
1879
D a lla s F o rt W o r t h & G u lf R y .—See S u pp . of October, 1899.
D a r d a n e lle s R u sse llv ille R R . - V . 69, p. 1011; V. 70, p. 480.
D aven port R o c k I s l a n d * N orth w estern R R . - Moline,111.,
via Rock Island and large bridge across Mississippi River to Daven
port and Clinton, la., about 41 miles of track, operated from Jan.
1900. In Feb., 1900, the American Steel & wire Co., it was under,
stood, proposed to acquire the road. In June, 1900. the Clinton Dubuaue & Northwestern Ry. was incorporated by parties interested in
the Dav. R. I. & N. W. to build from Clinton northwest to Dubuque,
54 miles. V. 70, p. 381. Stock authorized, all common, $3,000,000;
par o f shares, $100.—V. 70, p. 381.
D ayton & M ic h ig a n P R . —(Nee Map Oin. Ham. A Bay. -O w ns
Dayton, O., to Toledo June., O., 141 miles. Trackage into Toledo, l ^ m .
L e asb .—Leased May 1,1863, in perpetuity to Cincinnati Hamilton A
Dayton. Rental is the interest and sinking fund of debt, and 8 per
cent on preferred stock and 3 ^ per cent on common.
Securities .—Guaranty on preferred is seoured by mortgage of 1871,
but the preferred carries no voting power. V. 56, p. 813. Mortgage of
1856 is field alive under mortg. of 1881, which is therefore a first lien.
E arnings.—Gross earnings in year ending June 30,1898 (including
Trov & Piqua branch, 8 miles), were $1,576,293; net, $579,783; in
terest. $136,400; dividends, $180,967; bal., surplus, $262,416. In
1896-67, gross, $1,459,519. Due lessee July 1,1898, $1,222,887.
D ay to n & U n io n R R .—Owns from Dodson, O., to Union City,
Ind.. 42 miles; leases Dayton to Dodsdon, 15 miles; total operated, 47
miles. Operated by Cleveland Cinn. Chicago & St. Louis, which, jointly
with the Cincinnati Hamilton A Dayton, owns the oapital stock.
All surplus earnings over interest goes to a sinking fund for the re
demption of bonds at not above 100. Capital stock, $86,300. For year
ending Oct. 31, 1899, gross, $152,258; net, $73,006; other income,
$7,208; charges, $29,024; balance, surplus, $51,190.
D ay to n & W e ste rn R R .—Owns from Dayton, O., to State line,
Ind.. 88 miles, and leases 4 miles to Richmond, Ind. Leased from Jan. 1,
1865, for 99 years, renewable forever, to Little Miami, and so operated
by Pittsb. Cin. Chic. A St. Louis. Under terms of the lease, upon pay
ment of the D. & W. bonds the Little Miami w ill become sole owner
o f the D. & W. Of bonds $32,000 are 7s. Stock, $309,276.
D elaw are R R . —Shellpot Crossing, Del., to Delmar, Md., 95-22
miles; branches, Centreville, Md., to Townsend, Del., 35T5 miles; Clay
ton, Del., to Oxford, Md., 54 30 m.: Seaford. Del., to Cambridge, Md.,
32-97 m.; other branches, 6-74 m.; total, 224-38 miles. V. 67, p. 1356.
Leased till May 1, 1927, to the Philadelphia Wilmington & Balt,
which owns $1,664,475 of the stock; rental net earnings—see V.
64, p. 1000. Under the old lease 6 per cent was guaranteed on the
stock; dividends will hereafter be dependent on earnings; in 1898,
6 p. o.; in 1899, 6 p. c.; in 1900, Jan., 3 p. o.; July, 3 p. c. In year ending
Oct. 31,1899, gross, $1,391,537; net, $402,793; otherinoome, $14,110;
interest, taxes, etc., $184,513; dividends, $179,228; balance, surplus
for year, $53,162. In 1897-98, gross, $1,211,477.-V. 68, p. 129.
D ela w a re & R o u n d R r o o k R R .—Owns from Bound Brook
(Central of N. J.) to Delaware River, 27 miles; branch to Trenton, 4;
second track 27 miles; all track 77 miles. In May, 1879, leased for 990
years to Phila. & Reading RR. for $267,000, paying interest and 8 p .o .
on stock; lease assumed by Phila. & Reading R ailw ay—V. 68, p. 722.
D ela w a re * C hesapeake R y .—Clayton, Del., to Oxford, Md., 54
miles. Phila. Wilm. & Balto. owns all the stock ($600,000), and oper
ates the line, guaranteeing the bonds principal and interest. Earnings
for year ending Oct. 31,1897, gross, $96,881; net, $10,843; interest
and taxes, $21,109; bal., deficit, for year, 10,266.
D elaw are & H u d so n Co.—(See Map.)—Operates railroad lines
from Wilkesbarre, Pa., via Albany, NT Y ., to Rouse’s Point, on
Canada line, with branches, 685 miles in all. Name changed from
Delaware & Hudson Canal Co., April 25,1899. V. 68, p 871. The
system is well shown on the adjoining map, and includes •
T maA M
.' a / it
iN /}
too Taon Q1 *Si .t
.ai ion tr. f i .P.,
> Tf
Linesleased—IISeethesecos. Miles.
Lines owned—
Mues.
Lackawanna A Susquehanna.. 22 HAlbany A Susquehanna...........142
ÜNew York A Canada............... 150
Valley RR. of Pa....................... 17
Honesdale Branch.................... 24 ÜRensselaer A Saratoga............ 192
Schenectady A Mechanioville. 10 HUnionRR.................................. 22
Jefferson RR. (traokage).----- 35
iiCherry Val. Sharon A Albany 21 IT
irSoheneotady A Duanesburg.. 14 Other lines................................... 7
Total operated......................................................................... - ......... -656
Also leases Utica Clinton A Binghamton and Rome A Clinton RR.,
44 miles, sub-let to New York Ontario A 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. The new line
from Carbondale, Pa,, to Honesdale, Pa., 28 miles, was opened Feb.
21,1900. V. 70, p. 230, 379; see V. 69, p. 79.
H is t o r y . E tc .—This company was chartered April 23,1823. It is
one of the largest miners and carriers of anthracite coal.
D iv id e n d s ......... 5 ’83. ’84. ’ 85. ’ 86. ’ 87.’ 88. ’ 8 9 to ’96.’97. ToJ’ne,1900
Sinoe’81,p.o...........( 7
7 6
5
5 6 7 y ’ly. 5
^yearly.
Dividends for 1900 fixed at 5 p. c., payable quarterly.—V. 70, p. 39.
B onds.—Adirondack Railroad bonds carry the endorsed guaranty
o f the D. A H. as to principal and interest. See that company. In 1896
$1,000,000 N. Y. & Canada debentures were issued and guaranteed—
see that company. In April, 1899, made 3% per cent equipment mort
gage to the U. S. Mortgage & Trust Co., trustee, to secure $1,500,000
bonds, 10 per cent payable yearly, and in Deo., 1899, arranged to issue
$2,500,000 4 per cent equipment debentures for additional equipment.
V. 68, p. 670; V. 69, p. 1193; V. 70, p. 125.
G en e r a l F inances .—On May 9,1899, 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 of coal owned in fee by
company, 165,186,393; tons of coal under lease, 58,361,400; total,
223,547,793. In 1898 sold the stock of the Rutland RR. at cost
and 4 per cent interest, payable Jan. 1 and July 1, on account of which
$335,000 cash has been received, and of the balance $1,165,000 is due
on Deo. 1,1900.—V. 68, p. 184. In 1900 $200,000 stock was retired
from proceeds of the sinking fund. V. 70, p. 379.
E arnings.—Earnings of leased lines in New York State for 3 months
ending March 31 were:
,----- Aib.&Susq.------. ,— N. T. & Can.—. — Rem. & Sar.----,
190 *
.
1899.
1900.
18x9.
3 months.
1900.
1899.
Gross.................... $1,182,092 $973,624 $230,819 $196,931 $543,232 $5o2,532
146,498 104,001
74,961
64,777
Net........... ...........
626,629 40S.670
Sur. over chgs.... sur.324,616 sr. 116,520 (if. 16,183 df.21,036 df. 156,189 df.198,497
A nnual R e p o r t .—Fiscal year ends Deo. 31. Annual meeting is held
on the second Tuesday in May. Report for 1899 was in Ch r o n ic l e ,
V. 70, p. 379; see also editorial, p. 351. Coal (anthraoite) carried in
1899, 6,430,050 tons; in 1898,5,613,186 ton s; in 1896, 5,835,621 tons.
Tear ending Dec. 31. 1899.
1898.
1897.
1896.
Receipts from coal.
$7,617,840 $7,207,345 $7,709,441 $7,778,225
Railroads............. 11,011,126
9,907,357 10,061,167 10,201,634
Miscellaneous.. . .
452,288
607,189
589,442
566,584
Total................... $19,081,254 $17,721,892 $18,360,051 $18,546,443
Net..................... $5,870,421 $4,794,297 $5,274,389 $4,852,644
Int.,taxes A rentals
2,879,575 2,923,478 3,132,968 3,087,631
Balance for stock.
$2,990,846 $1,870,819 $2,141,421 $1,765,013
D ividends............... $1,750,000 $1,750,000 $1,750,000 $2,450,000
—(V. 69, p. 26, 384,1061,1193; V. 70, p. 39,125, 230, 3 7 9 , 995.)
D e la w a r e L a c k a w a n n a & W e s t e r n R R .—(See Map.)— Oper
ates main line from Hoboken, N. J., opposite N. Y. City, to Buffalo, NTY.,
410 miles, with branches to coal region, etc., 490 miles, including:
Lines owned—
Miles. Linesleased—if See eachco. M iles.
N. J. State line to N.Y. line ....1 1 4 ifSyracuse Bing. A N. Y ............. 81
Br’nohestoN’rthumberrnd,Ao. 80 ifutioa Chenango A Susq...........105
TTValley RR. of N. Y .................. 11
Lines leased—
ifMorris A Essex and branches. 157 itWarren...................................... 19
IfN.Y. Lackawanna A Western.214 Sussex, A c................................... 50
itCayuga A Susquehanna........ 34
Total operated Jan., 1900. .900
itOswego A Syracuse...........
35
|Bangor A Portland Ry............. 40
H is t o r y , E tc .—This is one of the most important of the anthraoite
coal roads. No snb-companies (coal and mining) are controlled, the rail
road owning ts mines. Original company chartered in 1832 ; present
title assumed in 1853. Its leased lines are mostly held under long
leases, and the system is compact. In 1894 representatives o f the
Vanderbilts entered the directory. SeeV. 57, p. 721 The Bangor A
Portland Ry., 40 miles, was purchased in July, 1900, for, it was stated,
about $2,C00,000, and will probably be merged.—V. 71, p. 134. \
D ivid en ds —
(1881
’ 82-’ 84
’ 85
’ 86 to July,’ 00.
Since 1880, p. o. ( 6%
8 yearly
TH
7 yearly.
G e n e r a l F inances .—On Jan. 1, 1900, cash on hand, $3,108,081;
coal on hand, $2,464,568; advances to leased roads, etc., $1,762,079;
accounts receivable, $4,001,817; total, $11,336,545; accounts payable,
$5,761,998, including reserve for improvements. $767,229. The re
funding of $5,792,000 Morris A Essex bonds maturing prior to Novem
ber, 1902, will reduce the guaranteed interest charges of the latter
about $200,000 yearly; Warren RR. refunding in 1900 and 1905 will
reduce charges about $50,000 annually.—V. 70, p. 477.
E arnings .—Earnings of leased lines for 3 months ending March 31:
3 months.
Gross.
Net.
Charges.
B alance.
1900...............$1,441,034
$576,083
$607,5» 3
def.31,4201899................ 1,489,369
623,856
619,249
sur.4,607
A n n ual R e p o r t .—Fiscal year ends Dec. 31. Annual meeting is held
on the Tuesday preceding the last Friday in February. The report for
1899,with balance sheet, was in Ch ro n icle , V. 70, p. 380, 477. The fol
lowing includes all lines except Syr. Bingh’ton AN. Y. and Sussex RR.:
Tear end. Dec. 31.
1899.
1898.
1897.
1896.
Passenger earnings
$3,951,051 $3,501,708 3,408,983 $3,406,492
Freight earnings...
15,707,945 16,008,321 15,033,700 15,349,104
Miscellaneous.........
1,666,126
2,658,315 2,559,334 2,647,909
Coal receipts, e tc ...
$21,325,122 $22,168,344 $21,002,017 $21,403,505
21,315,799 21,528,138 22,973,382 22,896,382
Total gross reoeipts.$42,640,921 $43,696,482 $43,975,399 $44,2 99,887
INVESTORS’ SUPPLEMENT.
fvou Lxxi.
J u l y , 190t.j
r a il r o a d
sto ck s
and
»
bo n d s.
Subscribers w i l l con fer a great fa v o r b y g iv in g im m ed ia te n otice o f any error discovered in these T a b le s.
Bond«—Princi
INTEREST OR DIVIDENDS.
pal,When Due.
RAILROADS.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par
of
Tor explanation of column headings, &c., see notes of
Outstanding Cent. Payable
Dividend.
Whom.
Road. Bonds Value.
on first page of tables.
Delaware Maryland A V irginia—( Concluded)—
19 1874
Break. < Frank. 1st m. to State, red. aft. Jan. 95.
fe
35 1876
Worcester RR. 1st. M. (matured Apr. 1,’96) gold.o
Delaware R iver RR. A Bridge—
10 1896
1st M., $1,300,000, gold,guar. p.&i.,Penm RR.o
Delaware Susa. A S. RR.—
Stock (auth. $1,500,000)
46 1894
1st mortgage bonds ($1,500,000) g o ld ... --— o
1890
Denver Laicewood A Golden—1st mo rtg a g e .F .--...
Denver A Rio Qrande—Stock, com., ¡^^¡500^000) .
Pref. stock, 5 per cent non-cum. ($28,000,000)...
1st mort. $1,000 gold or *206 sinkingfund..c*&r 295 1871
1st consol, mort. (for $42,000,000» gold.Usj3*&r 1,621 1886
do
do
4*3 p. o. for refund’g 1st mort. 7s 1,621 1886
Improvement mort. ($5,000 per mile) gold— c*&r 1,621 1888
Rio Grande South’n 1st mort., guar........ ............- 180 1890
62 1889
Rio Grande Junction 1st mortgage, gu ar..v ; .o
41 1895
Denv. A 8oulhw.—Mid. Term. 1st M., gold, s. f.Fe
Gen. M., $5,500,000, s. f., not subj. to call.Co.c* 127 1899
Dee Moines A Fort Dodger-Common stock................
Preferred stock, 7 p. c. non-cum .................. ••—
1874
IstM . )
secures
SSeriesA,int. guar., en d ....
Do. s both equally t Series B, int. guar.,end— } 88S 1874
55 1881
1st mort. on extern, Tara to Ruthven, int. guar..
Dee Moines A Kansas Oity—&EE K e o k u k & W e s t ERN B R.
Des Moines Union—Stock, $2,000,000........... -• — jj
3-7 1887
1st M. for $800,000. g o ld
A ...............- - -¿Ce. 0
Detroit Bay City A Atm.—S e e D e t r o i t & M a c k i NAC.
189 1878
Detroit Grand Haven A Mil.—1st equip. M. g u ....c
189 1878
ConsoL mort., guar, (option—see te x t). . . . . . . ~ o
65
Detroit Hillsdale A 8 . W.—St’k,4p. o. rental,L.S.&M8
UETTB RR.
E RR
$500<ko.
1.300,000
1.500,000
600.000
627,000
100 38.000,000
23.650,000
100
1,587,500
500 &o.
500 &o. 28,717,000
4.795,000
1,000
8.120,000
500
2.277,000
1,000
1.850,000
1,000
577,000
1,000
4.923,000
1,000
4.283,000
100
763,500
100
1,200,000
1,000
1.200,000
1,000
672,000
1,000
1,000
50
1,000
100
1,000
1,000
200 &c.
100
400,000
671,000
2,000,000
3.200,000
1,350,000
J. & J. Phila.,Broad St.Station Jan. 1, 1932
3
Overdue.
do
do
4 g. A. & O.
Aug. 1, 1936
Philadelphia. Pa.
F. & A.
Sept. 26,1894
Drifton, Pa.
See 4
text. See text.
A. & O. Philadel., Co.’ s Office. Apr. 1, 1909
Ì* ■
4 in 1900 J. & J. Office, 47 Wm. St., N. Y. July 16,’00,2%
7 g. M. & N. N. Y., Fourth Nat. Bank. Nov. 1, 1900
Jan. 1. 1936
do
do
4 g. J. & J.
Jan. 1, 1936
do
do
4 1 J. & J.
ag.
June 1, 1928
do
do
5 g. J. & D.
J. & J. N. Y ., Maitl’d, 0. & Co July 1, 1940
i g- J. & D.
Deo. 1, 1939
do
do
l g‘ J. & D. N. Y., Farm. L. & T. Co- Dec. 1, 1925
\ g> J. & D. N. Y., Kessler & Co.
Deo. 1, 1929
5 g7 In Ï9 0 0 August. Chicago, C. R. I. & Pac. Aug. 1,*00,7%
J. & J. N.Y.,Chio.R.I.&Pae.Co. Jan. 1, 1905
4
Jan. 1, 1905
do
do
21« J. & J.
Jan. 1, 1905
do
do
J. & J.
4
5 g. Mi & N.
6
6
4
N. Y., Central Trust.
Nov. 1, 1917
A. & O. 5 Mechanics’ NatiBk., ) Nov. 14,1918
A & O. ) N.Y. and London. J Nov. 15,1918
J. & J. N. Y., Farm. L. &Tr. Co. July 5, ’00, 2%
1
1899.
1898.
1897.
1896.
RR. oper.ex. & tax..$ll,994,028 13 6 9 6 5,978 $36,658,86o { 28 499 772
Mining, &o.,expen.. 20,411,627 >
__________ t
11 *
$6,730,504 $7,316,539 $6,730,979
Net receipts.......$10,235,266
5,406,239 5,406,239
5,406,239
Interest and rentals. 5,391,990
A cc’tsch’rg’doff.etc. 1,402,104
1^834,000 1,834,000
1,834,000
Dividends (7 p. 0) . .. 1,834,000
____________________________
Bal. after divs...suri$l,607,172 df.$509,735 sr.$76,300 df.$509,260
President, W. H. Truesdale; Chairman of Board, Samuel Sloan.
- ( V . 70, p. 125, 279, 3 8 0 , 4 7 7 , 894, 995; V. 71, p. 134.)
D elaw are M a ryla n d Sc V i r g i n i a R f t .^ w n s ^ m H a r m g t o n
to Rehoboth, Del., 44 miles; Georgetown to Franklin City, Ya., 54 miles;
total, 98 miles, ¿ontrolled by Philadelphia Wilmington & Baltimore,
which owns $326,200 of stock, and so by Pennsylvania Railroad. See
V. 50, p. 498. Loans and bills payable, Oct. 31,1899, $ 184,800;o th e r
floating debt, $468,468. In year ending Oct. 31,1899, gross, $228,420,
net, $34,850; interest, taxes, etc., $46,710; balance, deficit for year,
$11,860, but this does not include int st on the floating debt, $000,zoo,
D ela w a re R iv e r R R . Sc H rldge C o .-O w n s a bridge over the
Delaware River near Philadelphia and about 10 miles of connecting
railroad. Capital stock ($1,300,000) is all owned by the Pennsylvania
RR.. which guarantees the bonds, principal and interest, by endorse
ment on each. Sinking fund is one per cent, but bonds cannot be
called. See bonds and guaranty in Y. 63, p. 1062,1159.
D elaw are Su squ eh an n a Sc S ch u y lk ill R R . —Owns main line
from Drifton, Pa., to Gowen, Pa., 31 m iles; branches, 15 miles; total
owned, 46 miles. Trackage-Lehigh Valley RR., etc., 133 miles.
Opened Feb. 15,1892. The road is controlled b y Coxe Brothers & Co.,
the coal miners. D ividends Oct. 18,18 9 2 ,4 0 P? 0. in cash ;N o v . 25,
1893, 20 p. 0. in cash and 50 p. c. in stock; Sept. 26,1894, 26?s p. c. in
sash. None since. Mortgage trustee Trust Co. of North Am. Phila.
E arnings.—Fiscal year ends June 30. In year 1898-99 gross,
$1,123,398; net, $162,085; interest, $36,000; bal., surplus, $126,085.
In 1897-8, gross, $1,091,186; net, $131,160.
D ela w a re V a lley Sc K in g s to n R y .—To own a standard-gauge
road, in the interest of the Pennsylvania Coal Co., from tidewater on
Hudson River at Kingston, N. Y., to State boundary line opposite
Laokawaxen, Pa., 81 miles, forming part of an independent through
line from Pennsylvania coal fields. See V. 69, p. 1061,1102; Y. 70, p.
230, 583, 686, 841, 945,1290.
D en ver L a k e w o o d Sc G old en R R .—Embraces 27 miles,of
track, of which 22 steam, Denver to Ralston, apd 5 trolley, Denver to
Bamum. In Dec.. 1S99, W. W. Borst was still receiver, but reorgan
ization was expected soon. Stock, $1,000,000.
For 1898-9, gross,
$34,141; net, $3,016. President, Samuel Newhouse.
D enver Sc R io G rande R R .—(See Map)—R oad—The lines ofth is
company, well shown on the adjoining map, reach all the important
points in Colorado, while its standard gauge line from Denver via Pueblo
westerly, via Leadville and Grand Junction, forms a link in the trans
continental route to Ogden, Salt Lake City, &o., including:
Miles'
Miles.
Of the preceding:
Road owned and operated...1,593
682
Standard gauge.................
Rio Gr. Jo. RR., eta. (leased). 62
(Of which 301 is 3d rail.)
Leased to Rio Grande West..
18
Narrow gauge only................ 991
Total June 3 0,1899............1,673 2d track ana sidings.............. 357
The standard-gauging of the line from La Yeta to Alamosa, 61 m.,
was completed Sept., 1899, being paid for out of “ renewal fund. V.
69, p. 448. The U. P. Denver & Gulf uses tracks from Walsenburg to
Pueblo, 57 m., at a rental of $45,000 per annum .-V . 61, p. 421.
In July, 1900, the Rio Grande RR. was incorporated, with $2,000,000 capital stock, in the interest o f the D. < R. G., to build through
fc
the Wet Mountain Valley and several other lines.—V. 71, p. 136.
H istory .—Reorganization of a railw ay company of same name fore
closed July 12,1886. The Rio Grande Junction is leased jointly by
frh(« company and the Colorado Midland, and its bonds guaranteed.
D ividends since ’ 9 0 ) 1891 ’92 ’93 ’ 94 ,95 ’96 ’97 ’98 ’99 1900.
on pref., per. cent........s 21
«
0
2 0
0 2
2 21 4
«
4
B onds.—Of the first consols (U. S. Trust Co.,[trustee) $6,382,500 were
reserved to retire the first sevens when due, and they can be issued at
such rates of interest up to 7 p. o. as will retire said bonds. Upon pay
ment of the first 7s the first consols w ill be a first lien on all the prop
erty, as they are now on about 1,300 miles of road and all the equip
ment. V. 67, p. 176. As to refunding of first mortgage, see below.
Consols for $6,900,000 are reserved for extension to Ogden, if
deemed advisable. Those unissued may be used with the consent of
a majority of the preferred stock for extensions at not exceeding
$20,000 per mile. See abstract of mortgage in Chronicle , V . 47, p. 228.
The improvement mortgage (U. S. Trust Co., trustee), is Issued on the
property covered by the consolidated mortgage, and so covers all tne
company’ s property, following immediately after the consolidated.
Mortgage abstract in Chronicle, V. 47, p. 229.
General F inances.—On June 30, 1899, the company held in its
treasury stocks and bonds valued at $2,102,100. Tbe ‘ ‘special renewal
f*nd” held $439,950. Denver & Rio Grande in 1895 advanced Rio
$200,000
400,000
Grande aoutnem qsxo»,oo» m
»uu. duuoid™
~
9.- •
for Rio Grande Southern floating debt, receiving therefor $671,000_Rk>
Grande Southern firsts, one-half of the stock, and all surplus earnings
over fixed charges, taxes, etc., for three years from J an. 1,1895.
In January, 189§, the company consummated ^
Kuhn, Loeb & Co. and Speyer & Co. for the refunding of the $6,382,500 A t 7« due Nov. 1,1900, into an equal amount of 1 st consols, bear
ing 4 1a per cent interest. For terms of exchange offered to bond
holders see V 67. n. 176, 319,788. On June 6, 1900, all but about
$1,587,500 7s had^been exchanged. Y. 67, p. 788, 1160. The reduc
tion in fixed charges will be $160,000 yearly.—V. 66, p. 236.
The stockholders voted on May 15,1900, to guarantee and sell the
$2 277,000 Rio Grande So. first 4s owned by the company for new
equipment and other improvements.—V. 70, p. 791.
L atest E arnings.—From July 1 to May 31,11 m onths:
11 mos — Gross.
Net.
Oth. inc.
Charges.
B al., sur.
1fiftii-O*
329 028 $3,430.84:2
$98,913
$2,167,509 $1,362,246
1I 98-9 :: s;553;309
3,309;423 109;i22
2,’l51,014 1,267,531
A nnual R eport .—Annual meeting is held at Denver the third Tues
day in October. Full report for 1893-99 in V. 69, p. 439, 447. See also
editorial, p. 416. Construction account was closed in September, 1891,
since when all improvements have been charged against income,
189a
1897.
Tear ending June 30— 1899.
1898.
1,663
1,666
Average miles operated
1,670
l>6t>e
Gross earnings............. 9,270,246
Net earnings................. 3,559,897
Other income...............
110,327
8,342,926 6,945,115 7,551,187
3,325,326 2,869,779 3,202,406
62,403
51,683
57,334
3,387,729 2,921,462 3,259,740
Total net in c o m e ....... 3,670,224
1,997,950 1,997,950 1,997,950
Interest on bonds......... 1,900,810
352,786
351,991
362,098
Taxes and insurance..
337,552
143,568
New equipment...........
177,590
74,046
179,179
67,323
275,133
Miscellaneous.............
S e n d o n p S ' i C (4) 946,000 (2^)591,250 (2)473,000 (2)473,000
33,1c 9
257,252
31,196
218,392
Balance, surplus..........
O fficers—Chairman of Board of directors, G eorgeCoppell;
dent and Gen. Man., E. T. Jeffery; Treas., J . W. Ghluly. Sec^ Edgar H.
B ooth; Comptroller, Stephen Little. Office, 47 William Street, N. Y.
—V. 69, p. 2 8 0 , 4 3 9 , 4 4 7 ,1 2 4 4 ; V. 70, p. 791,995; V. 71, p. 135.
D enver Sc S ou th w estern R y ,—Divide, Col*»
Cripple Creek
and Florence, 69 miles; Victor to Isabella, 6 nnles; b™nohes and spurs
to mines, etc., 52 miles; total, 127 miles, of which 43 miles rtandard
gauge. Incorporated in Nov., 1899, to consolidate Midland Terminal
S y., Florence & Cripple Creek RR., Golden Circle RR., La Bella Mill.
Water & Power Co., Colorado Trading & Transfer Co. and to own
three-quarters interest in Metallic Extraction Co. See prospectus, V.
69, p. e 5 1 ,1011,1103: also adv. in Chronicle of March 3,1900, p. ix.
Stock and B onds.— Common stock, $3,000,000;
non-cum. pre
ferred stock, $2,000,000; all issued. Of the
000 are reserved to redeem the outstanding ^J^OOO Midland 5s, the
only underlying bonds remaining unretired. Sinking fund o f $95,0(K>
yearly will retire bonds purchasable in the open market at not ex
ceeding 110.
D ividends .—First dividend for quarter ending Feb. 28,1900, paid
May 1,1900. On common, l ^ p . c.; on preferred. 1*4 p. o.
L atest E arnings.—For 3 months ending Feb. 28, 1900, gross
$652,434; net, $312,213; fixed charges, including $33,210 sinking
fund requirements, $133,280; dividends, l 1 p. c. onoom m on and
^
p. c. on pref. paid May 1,1900, $70,000; bal. sur., $ ^ 8 ,9 3 3 .
For year ending June 30,1899, gross earnings were $1,990,036; net,
after deducting $»1,768 for unacquired stock of Metallio| Extraction
Coi! $8107301; to e d charges, including $120,000 sinking fund require
ments, $395,000; balance, surplus, $415,301. . D ^ den da on preferred
stock, 5 per cent, call for $100,00(1 President, W. K. Gdlett, Secre
tary ana Treasurer, J. P. Cobb.—V. 69, p. 795, 851,1011,1103,1147,
V. 70, p. 125, 429, 894.
D am vToI iiam A F o rt D o dire R R .—Owns Des Moines to Ft. Dodge.
Ia., 88 m., and Tara to Ruthven, 55 miles; trackage, imnoisi Central .Tara
to Fort Dodge Junction, included above. Leased Jan. l , io o 7 , to viuo.
Rock Isl. & Pac. ior 18 years at rental of 30 per cent of gross e a ^ . , witn
a guarantee of 4 per cent interest on tbe Series A bonds, &nd 2 -4 per
s
cent per anranp on tbe Series B bonds, botb series being equally secured
by the mortgage of 1874. The series B were originally 6 per cent in
comes, but their coupons have been stamped, reducing the.interest rate
to the 2 h p. c. guaranteed. Preferred stock is entitled to Yp. o. noricumulative dividends, tben common to 7 p .o , after w bicb botb snare
equally. D ividends .—On preferred in 1893, Aug., 2 p. c.; 1894, Aug.,
4 p. o.; in 1895, Aug., 4 p. o.; in 1896, Aug., 6 p. o.; in 1897. Aug.,
6 p. c.; in 1898, Aug., 6 p. c.; in 1899, Aug., 7 ^
in 1 9 w , Aug.,
7 p. c. Rental for year ending Dec. 31, ! 899>was $174,563, for 1898
was $160,700—Y. 66, p. 1 0 8 7 ; V. 6 8 ,p. 1 1 8 0 ,1 2 2 3 ; V. 71, p. 81.
D e s M o in e s N o . Sc W . R R . —In 1899 acquired by Oh. M. & St. P.
D e s M o in e s U n io n R y .—A terminal road in Des Moines; owns 5
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
56
INVESTORS*
SUPPLEMENT.
[VOL. L X X I .
July, 1900.]
RAILROAD
STOOAS
AN D
BONDS.
S7
Subscribers w i ll con fer a great fa v o r by g iv in g Im m ed iate notice o f an y error discovered In these T a bles.______
Bonds—Princ iINTERE8T OR DIVIDENDS.
INI
RAILROADS.
pal.When Due.
MUes Date Size, or
Amount
Stocks—Last
of
Par Outstanding Rate Per
For explanation o f column headings, &o., see notes of
Dividend.
whom.
Cent.
Road. Bonds Value.
on first page o f tables.
D etroit A Lim a Northern —
Stook, $8,000,000..........
Receiver’ s certificates, $1,000,000........................
Lima Northern Ry., 1st mortgage, g o ld .......... .
Detroit < Lima Northern, IstM ., g ........ M a.c& r
fc
Detroit A Mackinac—“ First lien,’ ’ $1,500,000, g.c*
“ Mort. bonds ” $2,500,000 gold, red. at par... .o*
D etroit A Tot. Shore Line—IstM ., g .................IC.c*
Dover A Rock away—Stock 6 p. o., rental 999 years.
1st mortgage..............................................................
Dub. A Sioux Oity—DL Gen., W. lines, 1st M.,g.o*<fer
Iowa Falls & Sioux City 1st M., Ia. F. to S. City..
Cher & Dak and Cedar Rap. & Chic. 1st m orts...
Duluth A Iron Range—1st mortgage...... M p..o& r
2d mort., currency, red. at 105, $5,000,000.Ce.o*
Duluth Missdbe ANorth'n—
Stock($5,000,000 auth)
1st mortgage, gold, sinking fund..................
1st consol. M., $3,500,000,gold, subj.to call at 105
New 2d mort. ($5,000,000) gold, red. at 105.Ce.c
Dul.Red Wing A So.—1st M.g.,$20,000 per m.Ce.c**r
Duluth South Sh.A Atlantic—Marq.H.&On.Gen.M.o
Duluth South Shore & Atlan., 1st mort., gold, .o&r
First consol, mort., gold, interest guar.......o*<fer
Inc. oerts. ($3,000,000 held by C. Pac. Jan., ’97)
Car trusts Jan. 1,1 90 0 .......................................-Duluth Transfer—1st mortgage for $2,000,000...
D unk.Al. Yal. A Pittsb.—W . & Venango 1st M., g .c
Warren & Venango, 2d mortgage................
o
Dunkirk Warren & Pittsburg, 1st mort., g old .. .o
2d & 3d mortgages ($200,000 only are 3d M.).o
East Broad Top RR. A Coal—1st mortgage............r
East Mahanoy RR.—Stock............................... -----East Pennsylvania—Stock 6 p.c gu.999 yrs.PML.&R,
IstM ., gold, guar, p.&i. b y P . & R. RR. (end .)...c’
80
183
All
All
53
5
218
184
197
184
184
65
130
130
25
156
416
572
20
35
35
56
56
36
36
100
(Î)
900,000
6
In default.
1,194.000
1,000
5 g. A. & O.
In default.
2.335,000
5 g. A. & O.
1,000
990,000
4 g. J. & D. N.Y.. J. P. Morgan & Co.
1,000
do
do
2,000,000
1,000
4 g. J. & D.
See text.
5 g. J. & J. 1st coupon July 1,1900
1,000
A. & O. N. Y., 143 Liberty st.
140,000
6
100
do
do
J. & J.
35,000
6
1881
1.000
5.425,000
4 g. F. & A. N. Y., Office, 214 B’way.
1895
1,000
do
do
A. & O.
2,800,000
7
1869 50Ó &c.
3,930,000 Deppsite d to sec ure HI. Central 4s of 19
1888
A. & O. N. Y., Of., Empire Bldg
5
1887 1.000&C 6,732,000
do
do
J. & J.
6
See text.
1,000
1896
2,512,500
100
J. & J.
1.174,000
1892
6 g2,176,000
6 g. J. & J. N. Y., Central Trust Co.
1,000
1893
do
do
2,906,000
5 g. J. & J.
1898
1,000
500,000
1,000
1888
5 s- J. & J. N. Y ., Central Trust Co.
A. & O. New York, 44 Wall St.
6
1,077,000
1885
1,000
do
do
3,816,000
5 g. J. & J.
1,000
1887
4 g. F. & A. New York or London.
1890 1,000 15,107,000
New York.
4
3.000,000
1892
480,071
6 g. J. & J. July, ’95, coup, last pd,
1,180,000
1891 1,000
1,000,000
1,000
1870
7 g. J. & D, N. Y., N. Y. Cent.* Hud,
do
do
A. & O.
300,000
7
1872
1,000
do
do
1,000,000
7 g. J. & D,
1870 1,000
do
do
A. & O,
600,000
7
1872
1,000
J. & J, Jan., ’85, int’ st last pd,
4
500,000
1,000
1873
J.& D.15 Phila., Pa., Read. Term,
5
497,750
50
J. & J Phil., Phil. & Read. Ry
6
1,730,450
50
do
do
4 g. M. & S
495,000
1,000
1888
1895
1897
1895
1895
1899
RR., Chioago Great Western and Chic. Mil. & St. P. Ry. Rental equal to
expenses and fixed charges paid monthly by lessees on wheelage basis.
In Jan., 1900, the Chic. Burl. & Quincy made a contract to use the
terminals. V. 70, p. 230. Bills payable June 30, 1899, $59,274.
Earnings for year 1898-99, gross, $133,714; net, $62,073; interest and
taxes, $42,017; baL, surplus, $20,056.—V. 70, p. 230.
D etroit B a y City Sc A lp en a .—See D e t r o it & M a c k in a c .
D etroit G rand H a v e n & M ilw a u k ee B 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 Jan. 1, 1899, sundry outstanding
accounts, $296,642. Grand Trunk of Canada owned Dec. 31,1899,
the $1,500,000 stock, and offered to give in exchange to July 21,1900,
its debenture stock for the bonds as follows: £103 deb. stock for each
$500 6 per cent equipment bond and £101 deb. stock for each $500 6
per cent consol, bona.—V. 71, p. 84.
E arnings .—5 months, > 1900............ Gross, $364,508; net, $57,426
Jan. 1 to May 31.
51899............Gross, 349,422; net, 40,394
For year ending Deo. 31,1899, gross. $1,002,875; net, $278,166;
charges, $362,261; bal., def., $84,095. For year ending Dec. 31,
1898, gross, $938,232; net, $238,359: deficit under interest, etc., $127,327. For year 1897, gross, $1,029,679; net, $257,062.
D etroit G ran d R a p id s & W e s te r n .—See Pere Marquette RRD etroit H illsd a le A Southw estern R R .—Owns from Ypsilantl,
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. Gross earnings in 1895, $39,961.
D etro it & L im a N orth ern R y .—R o ad —Owns from Junction
with the O. C. C. & St. L. Ry., south of Lima, Ohio, to Teoumseh,
Mich., 102 miles; from Teoumseh to Dundee, Mich., uses 15 miles
o f Detroit Toledo & Milwaukee Ry. trackage; from Dundee, Mich.,
into Detroit, the Detroit & Lima Northern owns its own track, 43
miles, including fifteen miles o f side tracks to Detroit industries.
Columbus Northwestern, owned in the interest of D. & L. Northern,
was opened Aug. 15,1898, from St. Johns to Peoria, O., 41 miles.
On Sept. 27,1899, operation of the road between Lima, O., and Col
umbus Junction, formerly trackage, was discontinued.
R e c e iv e r .—On Sept 6 , 1898, James B. Townsend, of Lima, O., was
appointed receiver. J. S. Bache, of New York, is co-receiver. On
June 29,1900, Joseph Robinson was appointed separate receiver of
the Col. Northwestern Division, St. Mary’ s to Columbus, O., 64 miles.
- V . 71, p. 84.
On Oct. 20,1899, $500,000 additional receiver’ s certificates were
authorized, making the total amount $1,000,000, of which $100,000,
to build track between Lima Junction and Adrian, was reserved until
further order of Court.—V. 69, p. 904,1011,1300.
B on dholders ’ C o m m ittee .—John E. Borne, Chairman, President
Colonial Trust Co.; E. A. Merrill, Jules 8. Bache, Philip Lehman, and
Edward L. Oppenheim; Secretary, Frederick J, Lisman, 30 Broad
Street, New York. Depository, Colonial Trust Co., New York. This
committee represents both classes of bonds. In April, 1900, over 90
percent of bonds had been deposited. (V. 69, p. 1300; V. 71, p. 84.)
D etroit M ackin ac Sc M arquette R R .—See M iscellan eous Cos .
D etroit Sc M a ck in ac R y .—Owns from Bay City, Mich., Vo On.
away, 175 miles; Rose City Branch, 32 miles; Prescott Branch, 12
miles; Val. Branch, 26 miles; various logging branches, 67 miles; total,
312 miles. La Rocque to Onaway, Mich., 19 miles (which forms
part o f the extension to Mackinac), operated from July 1,1898. Muoh
o f the logging branch mileage is temporary, built only to bring out
lumber. See V. 61, p. 558. Extension from Black River, Mich, north
west toward Cheyboygan, reported to be proposed, of whioh nine miles
graded in Nov., 1899. In 1898-9 carried 654,256 tons, of which
lumber and other forest nroduots furnished 86-81 per cent.
h is t o r y , E tc .—Formed in December, 1894, to succeed the Detroit
Bay City & Alpena, sold in foreclosure. “ Mortgage bonds ” for $500,000 are reserved for betterments, etc., at not over $50,000 per year.
The stock and $750,000 “ mortgage bonds ” are held in trust, and if
deemed best may be converted info preferred stock. See V. 60, p. 130Sto c k .—The oapital stock is $3,000,000, of which $1,000,000 pre
ferred is issuable only for conversion of bonds as above.
L a te st E arn in gs .—
? 1899-1900.Gross, $744,875; net, $221,065
11 mos., July 1 to May 31. >1898-1899.Gross, 534,655; net, 163,525
E arn in gs .—Report for year ending June 30,1899, in V. 69, p. 1008
showed: Gross, $601,441; net, $203,899; interest, $118,160; taxes,
$13,109; balance, surplus, for year, $72,630.
O f f ic e r s .—President, J. D. Hawks of Detroit. (V. 69, p. 1 0 0 8 .)
Detroit T o led o Sc M ilw a u k e e R R .—Owns Allegan to Dun
dee, Mich., 133 m iles; leases Allegan to Holland (from C. & W. M.in;
Deo., 1897), 23 miles; trackage (Ann Arbor Ry.), Dundee to Detroit,
23 miles, and Holland to Grand Haven (Chic. & west Mich.), 21 miles—
see V. 65, p. 1173. Operated by Cincinnati Northern from Feb. 1,1899.
Incorporated in June, 1897, to take over the Michigan Division (as
above) o f the Cincinnati Jackson & Mackinaw. Under amended reor
ganization plan o f Mar. 5,1900 <Y. 70, p. 583), the $1,500,000 mort
gage is to be canceled and the stock reduced from $1,500,000 to
Oct. 1, 1945
Apr. 1, 1947
June 1, 1995
June 1, 1995
Jan. 1, 1958
Apr., 1900,3%
Jan. 1, 1906
Aug. 1, 1951
Oct. 1, 1917
52
Oct. 1, 1937
Jan. 1, 1916
Jan. 1, 1922
Jan. 1, 1923
Jan. 1, 1918
Jan. 1, 1928
Apr. 1, 1925
Jan. 1, 1937
Aug. 1, 1990
Deo. 31, 1912
1903 to 1906
Jan., 1921
June 1, 1900
Oot. 1, 1900
June 1, 1900
Oct. 1, 1900
July 1, 1903
June l ö ’ OO^1
«
July 18,’ 00,3%
Moh. 1. 1958
$1,000,000 and both placed in the Cincinnati & Northern treasury
subject to sale. For year ending June 30,1899, gross $252,883; def.
under operating, $22,806. Net earnings for calendar year 1899 (Nov.
and Deo. estimated) about $40,000.—V. 66, p. 708,1089; V. 70, p. 583.
D etroit Sc T o led o Shore L in e R R . —Road from Toledo, Ohio to
Detroit, Mich., about 53 miles, expected to be completed in 1900.
See V. 68, p. 1132; V. 69, p. 130. Bonds issued Oot. 1, 1899, $1.600,000. In May, 1900, sold to unknown parties.—V. 70, p. 894.
D o m in io n A tla n tic R y .—V. 71, p. 29, 84.
D u bu qu e Sc Sio u x City R R .—(See Map o f Illin ois Central)—
Owns Dubuque, Iowa, to Iowa Falls, 143 miles; Iowa 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, la., to Council Bluffs, 130 miles, former Fort Dodge & Omaha,
purchased June 16,1900, but leased to Illinois Central; total owned,
730 miles.
O r g an ization .—Controlled since April, 1887, by the 111.Central RR.,
which owns all except a few hundred shares of the $15,000,000 stock
(as increased June, 1900). and has issued its own bonds on the road;
the only D. & S. C. bonds held by the public are the 7s issued under
Iow a Falls & Sioux City mortgage, $2,800,000.
D ividends —In 1 8 8 8 , 13 of 1 per cent; in 1891, 2 ; in 1892, about 15 of
1 p.c.; in ’93,l 1
*p.c.; in ’9 4 ,2 ^ ; i n ’95, Dec., 1 ; i n ’96, 3; i n ’ 97, 2;
in ’98, 3 ^ ; in ’99, 1*9; in 1900, July 19, l*fl..—V. 70, p. 1290.
D u lu th Sc Ir o n R a n g e R R .—Owns Duluth to Ely, Minn., 119
miles, with branches to Mesaba Range Mines, Fayal, eto., 65 miles. Owns
ore docks and yards on Lake Superior costing over $1,500,000.
Sto c k , E tc .—Stock authorized, $10,000,000, outstanding $3,000,000;
par $100. Land grant from Minnesota about 506,000 acres, of which
201,790 acres had been patented to it prior to April 30,1895—V. 64, p.
1041. The Federal Steel Co. (see Miseel. Co.’s) owns the stock and
9*3,500,000 of the $4,500,000 2d mortgage bonds. (Y. 66, p. 1237.)
The first mort. bonds are authorized at the rate of $25,000 per mile for
construction and $7,000 for equipment.
E arnings .—For year ending June 30,1899, gross, $3,051,127; net,
$1,548.058; other income, $35,007; interest, $606,600; balance, sur
plus, $976,465. In 1897-8, gross. $2,818,888; net, $976,299; balanoe,
surplus over charges, $451,384.—V. 67, p. 71.
D u lu th M lssab e Sc N orthern R y . —Owns from Duluth to Moun
tain Iron, Minll., 77 miles; branches and spurs. 69 miles; trackage to
Union Depot, Duluth, 2 miles; total, 148 miles. In September, 1893,
control o f this road was obtained by the Lake Superior Consolidated
Iron Mines, with a capital of $30,000,000. On June 30,1899, funded
debt was $6,406,000; current liabilities, $313,206.
E arnings .—For year ending June 30,1899, gross. $2,477,490; net,
$1,352,315; other income, $2,105; charges, $527,400; bal., surplus,
$827,020. In 1897-8, gross, $2,091,886; net, $963,930; other in
come, $30,690; charges, $1,287,723; balance, deficit, $293,103. Total
tonnage in 1898-99 was 3,444,973 tons, of whioh 3,i45,578 was ore.
Ton mile rate, 0*967 cent. V. 69, p. 542; V. 70, p. 175.
D a lu th Sc N ew O rleans R R . —V. 70, p. 583.
D u lu th South Shore Sc A tla n tic R y . —Operates Duluth to Sault
Ste. Marie, 416 m iles; “ Soo” Junction to St. Ignaoe, 43 m.; other, 127
m.; total, 586 miles. Controlled by Canadian Pacific. In Feb., 1900,
branch reported to be proposed to Lake Gogebio, about 60 miles.
Ca p it a l St o c k .—Common stock is $12,000,000; preferred, $10,000,000; par both $100. Preferred stock is 6 per cent, non-oum. Canadian
Pacific Jan. 1,1900, owned $6,100,000 com. and $5,100,000 pref. stock,
$3,000,000 incomes and $15,107,000 consols.
B onds, &c.—Abstract first mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has interest at 4 per cent,
guaranteed by Canadian Pacific, whioh Jan. 1,1898, held the entire
outstanding issue [$15,107,000] in its treasury as security for its 4 p. c.
debenture stock; consols for $4,893,000 are reserved for prior bonds
and additional amounts may be issued at $20,000 per mile of new lines.
G e n e r a l F in ances .—On June 30, 1898, loans payable $1,451,655.
Of the tonnage in 1897-8, ores furnished 58 p. c., lumber, etc., 25 p. c.
L atest E arn ’ s.—10 mos., > 1899-00...Gross, $2,143,593; net, $882,196
July 1 to Apr. 30.
S1898-99...Gross, 1,590,436; net, 524,445
R e p o r t .—Report for year ending D eo.3 1 ,1899,was in Y. 70, p. 1148.
Year.
Cross. Net over taxes. Oth. inc.
Interest.
Balance.
189»....$2,407,437 $884,890
$4,937
$875,768
sur.$14,059
1898 . 1,821,808
556,009
6,829
859,617
def.296,779
—V. 70, p. 1 1 4 8 .
D u l u t h T r a n s fe r R y . —Operates 24 miles of track. The m ort
gage for $2,000,000 is to the Metropolitan Trust Co. of New Y ork ,
as trustee. Interest due January 1,1896, was not paid. John E liot
Bowles was appointed receiver in September, 1896. Decree for fore
closure was obtained December 21,1896, but no date of sale fixed and
no plan prepared to April, 1900; upset price $500,000.
B on dholder s ’ C o m m ittee .—Thomas S. Krutz, Thomas G. Hillhouse, William W. Cook of New York, C. Lippitt of Norwich, Conn.,
and John Foster of Providenoe control all the bonds.
Stock, $2,000,000; par $100..—V. 63, p. 504,1159.
ss
INVESTORS*
SUPPLEMENT.
[V o c . LXX T .
Subscribers w ill con fer a great fa v or by g iv in g Im m ed iate notice o f an y error discovered In these T a b les.
RAILROADS.
on first page of tables.
East Tenn. A W. N, Oar.—lstM.$250,000 ftu .P .cur.c.
Eastern K entucky B y.—Stock ($1,779,500 Is pref.)
Eel River—Stock..... ......................................................
Elgin Joliet A Eastern—1st M. ($10,000,000) gold.o*
Elmira Cortland A Northern—Bee Leh ig h Y a xle y
Elmira A Lake Ontario—SodusBay&So.—lstM ..g .c
Elmira A Williamsport—BVk, com., 5 p. o. ren’l, N.C.
Preferred stock, 7 p. e. rental, 999 yrs., No. Gent.
1st mortgage. ..................... ....... . . . . . . . . . . . . . . . . . .
Income bonds, 999 years to run.........................o*
E rie A Central N. Y.—1st mort., gold, $800,000..o*
Erie A Pitts.—Stock, 7 p. o. rental,999 yrs..PennCo.
General mort. (now 1st) $4,500,000, gold, guar..
E r ie lla ilro a d C om pany—Common stock...........
Pref. stock, non cum. ($16,000,000 Is 2d pref.)..
Bend»—PrinciINTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
Par
of
of
Rate Per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
Dividend.
Whom.
31
94
181
RR.
34
751«
751«
751«
20
85
81
____
....
A —O l d B o n d s A ssumed —R oads Oonsolida TED.
N.Y. &E. 1st M.,Pierm. to Dun., ext., ’97, gold..ox
2d mortgage, (extended in 1879) gold.............o*
3d mortgage, (extended In 1883) gold............ c*
4th mortgage, (extended in 1880) gold...........c*
5th mortgage (extended in 1888), gold.......... o*
Erie R ’y .ls t M.,Buff. Br., Homellsv. to Attica,g.o*
1st consol, m ort, $30,000,000, gold, $ & A. ..c*
N. Y. L. E. & West, funded coupon bonds, gold.c*
Buft. N. Y. & Erie, 1st M. (Buffalo to Corning..o*
Buff. & Southw., 1st M., Buff, to Jamestown, g.c*
Newburg & N. Y. 1st mort., extended in 1889. .c*
B —B o n d s on P r o p e r t ie s Co n tro ll ed b y
‘ Bergen Co. RR.f 1stM.,Ruth. Jo. to Ridgew. N.J.
*Oh.& Erie 1st M.,g. (Marion,O., to Hamm’d,Ind.o*
Chicago & Atlantio Terminal, 1st m ort, gold ..
JElmira State Line Railroad, 1st mortgage........
ITGosh. & Deck’t’n, 1st & 2d M’s., ($60,000 are 2d)
1881
____
1891
1884
_.
1860
1863
1895
..
1890
....
$250.000
3,447,300
3,000.000
7,852,000
M. & S. Phila. Gu. T. & S. D. Co. Nov. 1, 1906
1,000
500,000
50
500,000
50
500,000
1,000
963,000
500
570,000
100 &c.
300,000
50
2,000,000
1,000
3,720,000
100 112,280,700
100 58,860,100
5 g- J. & J. N. Y., Nat. Bank Com. July 1, 1924
5
M. & N. Phila., Broad St. Sta. May, 1900
7
July, 1900
J. & J.
do
do
6
J. & J.
do
Jan. 1, 1910
do
5
A. & O.
do
do
O ct 1, 2862
Aug. 1, 1915
F. & A.
New York.
? “• Q .-M N. Y., Union Trust Co. June,’00,1%%
do
July 1, 1940
3 *« g. J. & J.
do
100
100
1,000
1,000
2,482,000
Í g*
1,000
2,149,000
5 g.
1,000
4,617,000
41
ag.
1,000
2,926,000
* g500 &0.
709,500
4 g.
200 &0.
182,600
n g1,000 16,891,000
Zg
<
500 &c.
3,699,500
1,000
?*'
2,380,000
50 <fec.
1,500,000
1,000
250,000
I eO w n s RflHIP o f E n t i RE (*) OR A M AJORITY
10 1889
1,000
200,000
6
1,000 12,000,000
249 1890
5 g.
1,000
1888
300,000
5
7 1875 500 &c.
160,000
7
. . . . ’ 88-’89 ........
246,500
6
446
446
446
465
465
60
526
526
140
67
12
1847
1879
1853
1857
1858
1861
1870
1878
1876
1877
1868
D u n k ir k A lleg h en y V a lle y & P ittsb u r g .—Owns from Dun
kirk, N. Y., to Titusville, Pa., 91 miles. A consolidation in 1872
o f the Dunkirk Warren & Pittsburg and the Warren & Ven
ango companies. Leased for 500 years from 1873 to New
York Central & Hudson River RR., but accounts are kept separate
Rental is interest on bonds and l 1 per cent on stock. Capital, $1,300,'
«
000; par, $100. The N. Y. Central & Hudson River Co. owns $1,067,600
o f the stock. The entire $2,900,000 bonded debt w ill be refunded on
Oct. 1,1900. V. 70, p. 1290. For year ending June 30, 1899, gross,
$236,739; net after deducting taxes, $34,316; charges and dividends
the latter, $19,500 (H«p. o.) paid by N. Y. Cent.; V. 70, p. 1290.
D u rh a m * N orth ern B y . —Merged in 1900 in the new Sea
board Air Line Ry., whioh see. V. 69, p. 334, 542.
B ast Broad. 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 miles; total, 45 miles. A coal road opened
in 1874. Stock $815,589 (par $50). of which $247,189 is 6 p. c. pref.;
ourrent liabilities June 30,1899, $304,519. Mortgage loan on part of
equipment, $42,400, interest, 6 p. c., payable M.-N. Other bonded
debt in addition to first mortgage, $42,888, interest, 6 p. o., payable
Year ending June 30, 1899, gross, $61,588; net, $8,347; other in
come, $84; interest, etc., $24,228; bal., deficit, $15,797. (V. 67, p. 177.)
B a st N a h a n o y R R , - Owns from East Mahanoy Juno, to St.
Nicholas and branches, 11 miles. Re-leased Deo. 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 $280,000 is owned
and deposited b y the Reading Company under its general mortgage.
B ast P e n n sy lv a n ia R R .—Owns Reading, Pa., to Allentown, Pa.>
35 miles; seoondtraok 18 miles; all track 73 miles. Leased for 999 years
from May 1,1869, to the Philadelphia & Reading RR. 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. & Reading Railway Co. Of the stock
$878,850 is owned by the Reading Company, $875,000 of which is de
posited under its general mortgage of 1897.
B ast St. L o u is Sc C arondelet R y .—East St. Louis to Falling
Springs and E. Carondelet, 12 m. First 7s, $200,000 were paid in ’97.
Unfunded debt March, 1899, $200,000. Year 1898, gross, $119,083;
net, $54,031; charges, $$11,611; balance, surplus, $42,420.
B ast Shore T e r m in 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.
Ouyler, o f Cuyler, Morgan & Co., New York, in the interest of the
Plant system and associates. Bonds have been deposited with the
Metropolitan Trust Company. Bonds are $1,000,000 first gold 5s,
$166,480 funded first and consolidated funded coupon sorip and $277.000 seoond 8s.
’
. R eceivership .—W. E. Huger was appointed receiver in Januarv.
1896.—V. 62, p. 138. Stock outstanding, $1,120,000.
Earnings.—Net earnings for year ending June 30,1899, were $21.491; in 1898, $21,149. (V. 62, p. 138; V. 66, p. 425; V. 69, p. 1300.)
B ast Tennessee V irg in ia Sc G eorgia.—See Southern R y . Co.
B ast Tennessee A W e ste rn N orth C aro lin a R R . . —A nar
row-gauge road from Johnson City, Tenn., to Cranberry, N.C., 34 miles
including 3 miles leased. Mortgage trustee is Guarantee Trust & Safe
Deposit Co. o f Philadelphia. Stock Deo. 31,1899, $501,900. On Mar
13,1900, the stockholders voted to extend the road from Cranberrv
to Linoomton, N. C., about 75 miles.
y
E arnings.—For year ending Deo. 31, 1899, gross, $77,848: net,
$22,005; int., taxes, etc., $18,870; bal., sur., $3,135.
B a st & W e s t R a ilro a d .—Cartersville, Ga., to Pell City, Ala., 117
m iles; branches, 5 miles. Extension from Pell City to Birmingham is
projected. Formerly the East A West RR. o f Alabama, sold in fore
closure May 29,1893. (V. 56, p. 923.) The present company was incor
porated under laws o f Alabama Jan. 11, 1894. Stock, $1,500.000
President, Edward Kelly, New York. In year ending June 3 0 .1899gross, $118,838; net, $21,612; total deductions, $9,029. (V. 70, p. 76.)
E a s te r n K e iitu e k y R y .—Road from Riverton to Webbville, Kv..
36 miles. Chartered m 1866 and opened through in 1889. Stock is
common $1,697,800; preferred $1,779,500. There are no bonds. Bills
and accounts payable June 30,1897, «53,613. Earns, for year 1898-9
gross, $37,685; net, $766. In 1897-8, gross, $35,400; net, $4,600.
B astern R R . (N . H , ) . —In 1899 consol, with Bos. & M. RR.
B el R iv e r R R .—Owns from Logansport, Ind., to Butler, Ind.. 94
miles. Foreclosed July 6, 1877. Leased for 99 years, April 1,1887
y?5a,8ll>at 2 per cent yearly on the stock till’
April, 1892, then 2 1 till 1895 and 3 per cent thereafter, but in Mav
«
1900, a decision was rendered in the Supreme Court of Indiana revokm g the charter of the Eel River for having leased itself to a competing
line (V. 70, p. 1048)—see Wabashjitem V. 64, p. 1089. Sept. 8, 1897
Richard Ruddell o f Kokomo, Ind., was appointed receiver, but did’
not take possession until May, 1900. Dividends were paid regularlv
^ 4 6 ^ ' V 17 0 °p i 104i?)re’
A. & 0.
M. & N.
<V' 58’ P‘ 716, 11101 V * 64, P'
See text.
N. Y., 71 Broadway.
M. & N. N. Y., 21 Cortlandt St.
M. & 8.
do
do
M. & 8 .
do
do
A. & O.
do
do
do
J. & D.
do
J. & J.
do
do
M. & 8.
do
do
M. & S.
do
do
J. & D.
do
do
J. & J.
do
do
J. & J.
do
do
(J)o f Ca p iT A L Stock , OR B Y (IT)
A. A O. N. Y., 21 Cortlandt St.
M. & N.
do
do
do
J. & J.
do
A. & 0. Elmira, Chemung Co. Bk
Various
Apr. 5 ,’00,11«
May 1, 1941
May
Sept
Moh.
Oct.
June
July
Sept.
Sept.
June
July
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
L e ase .
1947
1919
1923
1920
1928
1931
1920
1920
1916
1908
1929
Apr. 1, 1911
May 1, 1982
July 1, 1918
Oct. 1, 1905
1928-29
E ld o n Sc St. L o u is R R .—Projected from Eldon, la., to Mexioo,
Mo., 132 miles. Stockholders were to vote May 23,1899, on a proposi
tion to issue $3,000,000 1st mortgage bonds. V. 68, p. 671.
E lg in J olie t Sc B astern R y .—Owns from Waukegan, 111., on
Lake Michigan, via Spaulding and Joliet, to Porter, Indl, 130 miles,
and branches Normantown to Aurora, 10 miles—Walker to Cos
ter, 111.—32 miles; Hammond to Whiting, Ind., etc., 9 miles; total
main line owned, 181 miles; spurs to coal mines, etc., 16 miles;
traokage (L. N. A. & Chicago. 9 ’a; Chicago < West Indiana, 4*8; Belt
fe
Ry. of Chicago, 2), 16 miles; side tracks and yards owned, 93 miles,
total track operated, 320 miles. Entire capital stock owned by Fed
eral Steel Co. V. 67, p. 578, 633.
O r g an ization .—An outer bolt line at Chicago for transfer o f freight
without breaking bulk. Also reaches coal fields.
St o c k .—Stock, $6,000,000, par, $100. Dividend, 4 p. o., paid in
1899. V. 70, p. 230.
B onds , E tc .—Firstmortgage(trustees Central Trust Co. and Augustus
L. Mason) is for $10,000,000; the balance unissued oan be disposed of
for extensions, betterments, eto.
E arnings .—11 months, 51899-0___Gross, $1,758,854; net, $741,025
July 1 to May 31.
(1 8 9 8 -9 ....Gross, 1,525,187; net, 619,085
A n nual R e p o r t .—Fiscal year ends June 30. Report for 1897-98
was given in V. 67, p. 947.
Year end. June 30. 1898-99.
1897-98»
1896-97.
1895-96.
Tons carried 1 mile. 254,761,533 18,587,896 182,853,924 193,818,870
Av. rate p. ton perm.
$0*0064 $0*0062
$0*0061
$0*0064
Gross earnings........ $1,674,979 $1,390,695 $1,184,646 $1,292,421
Expenses and taxes.
993,490 901,768
772,064
846,306
Net earnings......
Interest and rentals.
Miscellaneous..........
$681,489
370,290
1,702
$488,927
365,921
4,778
$412,582
356,330
15,339
$446,115
345,873
23,311
Balance...............
309,497 sr.$118,228 sur.$40,913 sur.$76,931
—(V. 67, p. 5 7 8 ,6 3 3 ,7 3 6 ,9 4 7 ,1 2 6 3; V. 70, p. 230.)
B lm lr a C ortlan d Sc N orthern R y . —('See Hap Lehigh V alley.)—
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.)
B lm lr a Sc L ake O n tario R R .—Owns from Canandaigua, N Y., to
Chemung Junction, 64 miles; Sodus Point to Stanley, 34 miles; other 2
—total, 100 miles. A consolidation in December, 1886, of the Sodus Bay
& Southern and other railroads. Leased at cost of operating to the
Northern Central, which owns all the $1,500,000 stock. Lease may
be terminated on thirty days’ notice. Year ends Deo. 31.
Earnings.
Cross.
Net.
Interest, Ac.
B al., def.
1899....................$734,216
$20,926
$65,236
$44,310
1898................... 650,880 deb. 11,292
67,759
79,051
B lm lr a Sc W illia m sp o rt R y .—Owns from Williamsport, Pa., to
Elmira, N. Y., 751 miles. Leased to the Northern Central Railway
«
for 999 years from May 1,1863. The dividends on the common stock
are 5 p. o. and on the preferred 7 p. c., less taxes, making dividend on
common 4*56 per cent and on preferred 6*28 per cent. Year ending
Deo. 31,1899, gross, $1,077,946; net, $173,996; rental (exclusive o f
$16,042 interest on equipment, as published in 1897), $149,280. In
1898, gross, $920,456; net, $91,562.
B1 Paso Sc N ortheastern R R .—See N e w M e x ic o R y . & Co a l .
B rie Sc C entral N ew Y o r k R y .—Cortlandt, N. Y ., to Cincinnatus, 20 miles; completed May, 1898. Stock, $800,000; par, $100
issued, $564,300. Bonds are subjeot to call at par after Aug. 1 1900.
Mortgage trustee, Hamilton Trust Co., Brooklyn, N. Y. On May 12,
1900, John R. Bland, one of the two mortgages trustees,assumed controL
V. 70, p. 1149. For year ending June 30,1899, gross, $23,043; net,
$3,351. President (Oct., 1899), Charles O. Scull, Baltimore, Md. (V.
66, p. 857; V. 67, p. 319; V. 70, p. 1149.)
B rie Sc P ittsb u rg R R . —Owns New Castle, Pa., to Girard, Pa., 81
miles; branch, to Erie Dooks, 3 miles; traokage, 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 cent on stock and
iterest on the bonds, and the lease transferred to the Pennsylvania
Company. Under the general mortgage sufficient bonds are reserved
to retire prior bonds when due. Gen. mort. S^s were issued July 1,
1898, to refund consol. 7s maturing on that date, and in Sept., 1898,
all the old bonds, including the $1,000,000 gen. mort. 4s, except to re
fund equipment 7s, whioh were refunded in Oct., 1899. Tax suit
see V. 71, p. 135.—V. 66, p. 1089; V. 67, p. 689; V. 71, p. 135.
E arn in gs .—The lease has been quite unprofitable to the lessees, the
deficiency being in 1892, $206,430; in 1893, $188.216; in 1894.
$86,212; in 1895 profit $7,524; in 1896 loss $321,756; in 1897, $39,781; in 1898, $137,967.—V. 66, p. 289,1089; V. 67, p, 689.
B rie R a ilr o a d .—See Map on adjoining «ape.—Embraces trunk
line from Jersey City, opposite New York City, to Chicago, I1L, 986
miles, and branones 1,285 m iles; total, 2,271 miles; seoond track, 663
m iles; 3d and 4th tracks, 8 miles; total, 2,941 miles. The total of
2,271 miles comprises:
w jjjaa
S
J u l y , IMO.]
RAILROAD
STOCKS
AN D
4 9
BONDS
Subscribers w i l l confer a great fa v or by g iv in g im m e d ia te n otice o f any error discovered in these T a b les.
Bonds—PrlnciINTERE8T OR DIVIDENDS.
RAILROADS.
>al,when Due.
Miles Date Size, or Amount
r
When Where Payable, and b; /;Stocks—Last
of
Par Outstanding
For explanation of column headings, &o., see notes . of
Dividend.
Payable
Whom
Road. Bonds Value.
on first page of tables.
B rie R a ilroa d —(Concluded)—
B —B on d s on P ro pe r tie s C o n tr o ll e d b t O W NER
8
*Jeffers’n,lst&2d M’s., ex.in’87&’89(H’ dale Br.)o
37
1st mort., Carbondale to S. depot, gold..........o*
'L ong Dock Co.cons.M.,g.(now lstM .)(seetext)o* __
fM ont. & Erie, 1st & 2d morts. (§540,500 are 2ds)
40
UN.Y.&Greenwood L.,Prior lien M.,$l,500,000,g.
34
[New Jersey & N. Y., 1st M. (reorganization). . . 0*
Gen.M., $1,200.000 (red. 105 after 5 years)...*
N.Y.L.E.& W.C.& RR. 1st M..“ lawfulmoney’’ .c3
* N. Y. L.E.& W.D.&I. Co. 1st M., see V. 56, p.82.o’
*N. Y. Pa. St Ohio, prior lien M.. gold, $ St &— 0’ 431
Clev.
ment.
^Northern New Jersey—see that company.
—
tTioga Railroad bonds. (See that company).—
O—
Erie R a il r o a d Co m p a n y N e w B onds .
67
2d mort. on Buffalo & Southwest’n, g o ld ........ o’
1st consol. M. for $175,000,000 securing :—
Prior lien bonds, $35,000,000, gold............o*&]
Gen. lien, $140,000,000, g. 3 % to J’ly,’98) .0**1
N. Y. Car trust, 1888, ser. A. (guar, by D. & H.).
....
N.Y.L.E.& W. car tr.,B. to G. inel., part pd. an.o
New Erie RR. trusts (V. 63, p. 514)................ --....
Equipm’t trust, $ L,750,000, gold, $250,000 p. an, ....
Avon Geneseo & Mt. Morris and Rochester & Genes
Buretta Springs—See St. L. & No. Arkansas RR.
40
Evansville A Indianapolis—T. B . St Southe.lst M.o'
E
55
Evansville & Indianapolis 1st mort.. gold,guar..o
Con.M.($2,500.000)g.,gu.p.*i.(end.)Ev.&T.H.c’ 135
Evansville A Terre Haute—Common stock .............
____
Preferred stock, non-cumulative. See tex t.......
o
1867
1889
1885
’66-’67
1896
1880
1893
1882
1883
1880
&Mah.
SHIP
p E n t ir
$500&c.
1,000
1,000
op
100 &c.
500 &c.
500 &o.
1.100.000
1,000
3,396,000
1,000
8,000,000
500, <fec
Valley RR., Sharon
’52-*75 500 Sto.
504,500
C a p i t a l |8t o c k , o b b y ( H ) L e 1 a s b . —Conci.
J. St J. Phila., Fidelity Tr. Co.
A. & O. N. Y., 21 Cortlandt St.
A. & O. N.Y.,J. P. Morgan & Co.;
Various N. Y., 21 Cortlandt St.
do
do
M. St N.
do
do
M. St N.
do
do
J. & J.
M. & N. N. Y., 21 Cortlandt St.
do
do
J. & J.
do
. do
M. & S.
New Cas tie & Shen. Valley.
$300,000
2,800,000
7.500.000
170.500
1.500.000
400,000
580.500
5&7
Various
6 g. J. St 3. N. Y., 21 Cortlandt St.
J. & J. New York & London.
a g* J. & J, N. Y .. 21 Cortlandt St
i i g- J. St J. N. Y., 21 Cortlandt St..
do
do
Various
do
do
(1)
London.
Various
I g‘
5 gOSE Cos.
1895
1,000
1 ,000,000
1895
1895
1888
1,000
1,000
1,000
1,000
31.452.000
32.929.000
l 1,536,590
810,000
1,476,730
1.750.000
1,000
1,000
1,000
50
50
7
M. St
251.000
6 g. J. &
647.000
6 g. J. &
1.602.000
4,000,000 See text. M. &
i 1.284,000 See text.lA. &
1895-6
’88-’90 *100
1900
see Va lley Sto cks—See
1879
1884
1886
____
th
July 1, 1927
Jam 1, 1909
Oct. 1, 1935
1926-27
May 1, 1946
May 1, 1910
1932
May 1, 1922
July 1, 1913
Mar. 1, 1935
1905 & 1915
July 1, 1908
Jen. 1, 1996
Jan. 1, 1996
$63,000 Jam
yearly to 1905
Yearly.
1908 St 1910
T o 1907
S. N. Y., Farm. L. & Tr. Co.; Sept. 1, 1909
July 1, 1924
do
do
J
.J a m 1, 1926
do
do
J.
N. Evansville, Ind., office, May 1, ’00,11*
*Apr.l6,’00,2^fl
do
do
O.
A description of the Long Dock 6s was in March, 1894, Su ppl e m e n t
under N. Y. L. E. & W. The yearly rental is $450,000.
For N. Y. Lake E rie A W. Coal A R R.. see Su p . January. 1895.
The $1,750,000 equipment trusts of 1900 cover 1,000 steel freight
cars and 50 consolidated freight locomotives.—V. 70, p. 279.
F ix e d Ch a r g e s .—The fixed charges of the System on completion of
the reorganization were reduced from $9,400,000 to $7,860,0(M) per
annum (including prior lien bonds $ 1,176,0 0 0 ; unaisturbea bonds and
stock $5,500,000; general lien bonds, $1,184,000) and for the first tw o
years after reorganization there was a further reduction o f about
$300,000 per annum.
G e n e r a l F inances .—Control of the Northern RR. of New Jersey was
purchased in July, 1897. Control of the New York Susquehanna St
Western—which see—was acquired in 1898 through an ra;ehange of
stock. V. 66, p. 335, 573. During 1898-9 $1,452,000 of the $5,000,000 prior lien bonds reserved for construction and new equipment
Total...................................... 1,801
All lines oper. in system....... 2,271
were sold; also $1,000,000 general lien bonds issued for construction,
IT Se6 this company.
N. Y. Susquehanna & W est.. 236 but held in the treasury June 30,1899.
E arn in g ».— 11 m onths,) 1899-O.Gross, $34,960,779; net, $9,017,064
H istory .—On Dec. 1 ,1895, succeeded to the property of the old New
July 1 to May 31.
S 1898-9.Gross, 30,463,837; net, 7,777,879
York Lake Erie & Western RR. Company, sold in foreclosure on Nov.
6 under its second consolidated mortgage. The new company holds in
For 9 mos. to Mar. 31,1900, net, $7,808,965; other inoome, $86,556;
fee or through ownership of all or practically all the stock of the inde charges, $6,703,571, against $6,617,149 in 1898-9; sur., $1,191,950.
pendent companies, the line from New York to Chioago (including the
A n n u al R e p o r t .—Fiscal year ends June 30. Report for 1898-9
Nypano RR. and Chioago & Erie companies) and also all branch and
*
• _ a_ • _ tt OA
11 _
i OO
A A Oi aAA a I oa arH+Atn 0.1 ATI TldCTA 4.71 .
subsidiary lines except a few small properties aggregating about 300
1896-97.
1897-98.
1898-9.
miles held under lease. The reorganization p l a n of August, 1895, was
$33,752,704 $33,740,860 $31,497,031
given at length in V. 61, p. 368.
23,332,243
25,438,038
. 25,169,926
In January, 1898, control of the N. Y. Susquehanna St Western was
obtained. The road is operated as an independent line. The acquisi
$8,164,788
$8,302,822
$8,582,778
tion will save the Erie oonside rable double tracking—see V. 66, p. 83
134,312
209,785
298,479
335, 573, and editorial p. 53. See Stock below.
179,201
203,583
259,097
Nor. RR. of N. J. leased and 4 per cent guaranteed on its $1,000,000
stock in June, 18(9.—V. 69, p. 81, 447.
$8,716,190 $8,478,302
. $9,140,354
In June, 1899, practically all of the stock of the New Castle & Shenango Valley RR. was acquired. V. 69, p. 447.
Deductions—
$6,533,616
$6,465,831
6,842.679
Co a l an d Stea m b o a t P r o p e r t y .—The Erie ooal properties repre
1,067,095
1,077,857
. 1,093,538
sent an aggregate of 10,500 acres of anthracite, of which about
244,270
304,443
355,086
9,000 acres are held in fee; also 53,000 acres of bituminous coal A OAUUUUOIgOO UUV xvuinvv*
261,100
213,193
174,777
Int, on car Sc equip, trusts.
lands held in fee 14,000 acres of bituminous held under mineral
20,201
20,947
20,475
rights. Its coal tonnage Id tbe year 1898-99 aggregated 11,363,640, Interest on mortgages........
out o f the 24,916,944 tons hauled. The Union Steamboat Co. has its
$8,126,282
$8.032.271
. $8.486,555
terminal and other properties in Buffalo and a fleet of eight lake steam
$352,019
$633,918
.
$653,799
ers. See V. 63, p. 514.
OFFICERS—JtTesiaenx, L . jd, lUOUiai»» ooutcuanj* «•
,
Stock .—The stock is to be held by J. Pierpont Morgan, Louis Fitz
gerald and Charles Tennant, Bart., voting trustees, for rive years, and Treasurer, A. Donaldson; Auditor, J. T. Wann.
D ire cto rs .—Chas. Steele, J. J. Goodwin, Abram S. Hewitt, John G.
thereafter until the new first preferred stock shall have received 4 per
cent cash dividend in one year. In the meanwhile certificates of McCullough, D. O. Mills, Alexander E. Orr, George W. Qmntard,
beneficial interest are outstanding. The new company reserves the Samuel Spencer, lirancis Lynde Stetson,
right to redeem either class of its preferred stock at par in cash. Pro Welsh, S E. Williamson, R. M. Gallaway.—(V. 70, p. 791, 945,1149.)
visions of voting trust and preferred stock certificate were given in
E v a n sv ille Sc In d ia n a p o lis » » . - O w n s EvansviUe to Terre
Supplement of April, 1897, page 3.
Haute, Ind. (via Worthington), 138 m.; branch 6 m.; leasee branch 12 m.
In Mar., ’98, Erie 1st pref. stock was authorized to be increased from
H is t o r y , E tc .—A consolidation in 1885. Of the consols $ 9 0 ^ 0 0 °
$30,000,000 to $43,000,000, and common stock from $100,000,000 to
$113,000,000, to acquire New York Susq. & Western stock.—See V. held to meet prior liens. The consols, and the bonds otV 3 2 i
anteed by Evans. St Terre Haute, which owns capital stock, $2,000,0 00.
66, p. 335, 573.
B onds .—New York & Erie first 7s for $2,482,000, due May 1,1897 L atest E arnings —11 mos., < 1899-0...Gross, $331,132; net, $118,249
July 1 to May 31................*1898-9...Gross, 318,527; net, 113,910
were extended for 50 years at 4 p. c., payable p. & i. in gold. V. 64, p
R e p o r t . - Fiscal year ends June 30. In 1898-9 gross, $332,691;
180,1040. The new first consolidated mortgage is for $175,000,000
net, $123,776; interest, taxes, etc., $177,097; bai., deficit for year,
[Farmers’ Loan & Trust Co. trustee]—see a b s t r a c t of deed V. 62, p. 89
and secures $35,000,000 prior lien bonds and $140,000,000generallien $53,821. In 1897-98, gross, $¿18,811; net, $113,662; interest, taxes
bonds. Of the $35,000,000 p rior lien bonds, $5,000,000 are to be used and rentals, $174,980; balance, defloit, $61,318. (V. 63, p. 87 8 .)
for improvements.
E v a n sv ille & R ic h m o n d » y . —See So u th e r n I n d ia n a R y .
Of the $140,000,000 general lien bonds, $91,003,000 are reserved for
E v a n sv ille Sc T erre H a u te » » . —The system includes:
the ultimate acquisition o f all bonds and guaranteed stocks now left
Road owned and operated. Miles. Controlled—op. separately. Miles.
undisturbed on various parts of the system [excepting the $1.000,000
Evansville to Terre H aute.. 109 Evansville St Indianapolisfl
seconds on Buffalo & Southwestern—see list V. 62, p. 891, and
Evansville to Terre Haute
53
$17,000,000 are reserved for new construction, betterments, additions, Branches to Mt. Vernon, etc.
via Worthington, e tc.......... 156
5
etc., after 1897, under oarefully guarded restrictions, not over Evansville Belt (stock held).
Leased to other co.’ s Rook$1,000,000 to be used in any one year. The general lien bonds bear
Total in earnings........... . . . 167
ville extension.....................
23
interest from July 1, 1896, first coupon being January 1, 1897, at
IT See this Company.
3 per cent per annum for two years ana 4 per cent thereafter.
In Nov., 1899, extensions completed from Shelburne, Ind., to Star
The position of the first consolidated mortgage is substantially City, 3 miles, and Hymeria to Pittsburg, 4 miles.
as follow s: It is a first lien, either by mortgage or collateral trust
O r g a n iz a tio n , E tc .—Formerly EvansviUe < CrawfordsvUle RB, Has
fe
[the prior lien bonds, however, preceding the general lien bonds] upon
the company’s principal ooal properties, upon its water transporta close traffic oontraot with Chicago StEastern Illinois for route to Chioago.
St o c k . - In May. 1895, $1,284,000 preferred non-cum. 5 p. c. non
tion lines, including valuable terminal properties appurtenant thereto,
fc
and upon a number of profitable local lines in New Jersey and near voting stock was Issued for Evansv. < Rich, bonds per V. 60, p. 43, and
Buffalo; it is a second l%en upon the remaining coal properties and on June 30,1898, the entire issue of bonds had been so exchanged.
upon the railroads leading to all the coal properties, upon the ter See annual report for 1897-8. Common stock, $4,000,000; par, $50.
minals at Jersey City, upon the Buffalo New York St Erie Railroad
D IV I D E N D S - ) ’87-’90 ’ 91 ’92 ’93 ’ 94 ’ 95 ’ 96 ’97 ’98
’99
1900
(the main line to Buffalo) and the Buffalo terminal properties other Common stock. > 5 y’rly 7 7 ff7 1 t . . -• •- • -- Oct.,2% May, lja
a
•
than those upon which it is first lien, and upon the entire line from Preferred stock 5 .......................................... 1 1 2
4*9 Apr., 2 ^
Salamanca to Chioago; it is a second consolidated mortgage upon
IT Also 5 per cent in bonds. 1 Also scrip dividend; see stock above.
the lines between Piermont and Dunkirk (446 miles.)
On preferred 5 p. 0. dividend was declared in 1899,2 1 p o. payable
*
Real estate mortgages outstanding June 30,1899, $439,500.
Oct. 16,1899, and 2*3 p. 0. April 16,1900.—V. 69, p.5<H. Semi-annual
Old Bonds—Under the first consol, mortgage o f 1895 the company dividend on common, l 1 p. c., paid May 1,1900. V. 70, p.
«
covenants to pay the interest regularly on all the old bonds in the
B onds , g u a r a n t ie s , E tc .—Certain Evansville & Indianapolis bonds
table that are marked with a * or a t (except N. J. & N. Y. bonds,)
are guaranteed. Car trust notes May 1,1900, $4,245,1
and to take them up and pledge them with the trustee at maturity.
Erie R a ilr o a d ,—Con clu ded .
Lines owned in fee.
H iles.
Piermont, N. Y., to Dunkirk....447
Buffalo to Jamestown............... 67
Buffalo to Com ing..................... 140
Other branches...........................112
Stock all * or nearly all { owned.
249
'Chicago & Erie...................... IT
‘ Jefferson RR........................... 1T45
IN. Y. & Greenwood L. & brs.. H51
JNew Jersey & New Y ork— 1T35
‘ Nypano R R ............................. 1T430
[Tioga RR.................................
58
Other lines............................... 167
Leased lines.
Miles.
Avon Gen. St Mt. Morris......... 1T18
Montgomery & Erie................ 1Î10
Northern N. J .......................... Ü26
Goshen & Deckertown............ 1Î12
Roch. & Genesee Valley......... ÜT8
Leased to Nypano RR.
Cleve. & Mahoning Val........... H81
New Castle St Shen. VAL......... 1117
Sharon Railway....................... 1Î15
Other lines.......... ..................... 105
Trackage......................
168
INVESTORS’
SUPPLEMENT.
R A IL R O A D
July, 1900.]
STO C K S
AND
B O N D S.
6 1
Subscribers w i l l con fer a great fa v o r b y g iv in g im m ed ia te notice o f a n y error discovered in these T a b le».
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation oi column headings, &c., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
N. Y., Farm. L. & T. Co. July 1, 1910
_ g. J. &
$30,000
Evansv. A T. Haute—( Con.)—Cons. M. (1st lien) g. 115 1880 $1,000
July 1, 1921
do
do
6 g. J. & 3 ,000,000
144 1881
1,000
1st consolidated mortgage, gold......................... o
Apr. 1, 1923
do
do
6 g. A. & O
375.000
25 1883
1,000
Mt. Vernon Branch mortgage, gold............. ...o
g g '
A ir A
Apr. 1, 1930
do
do
A. & O.
450.000
30 1890
1,000
Sullivan County Coal branch mortgage, gold.. -O
Apr. 1, 1942
do
do
5 g. A. & O.
2.223.000
1,000
199 1892
1st general mortgage for $7,000,000, g o ld .....c
See text. Q -F . 5 Office, Coming, N. Y. May 5, 1900
5.000. 000
100
50
Fall Brook—Stock ($500,000 is 7 per cent, pref.)...
I.nt’1 Trust Co., Boston. Apr. 1, 1949
6 g. A. & O.
1,000 None Oct.’99
50 1899
Fayetteville A Alberm arle—1st M., $500,00u.IB .c
J. & J. None paid to Oct., *99. Jan. 1, 1945
1.200.000
1894
1,000
Findlay Fort Waynt < W. Railway—1st M. gold, .c
&
Jan. 1, 1945
Sept. 1.
800.000
1894
1,000
2d mortgage, income, non-cum.,gold............. . . . r
J’ne 30,’00,2%
Boston, Office.
16,992,200 4 in 1900 J. & J.
100
Fitchburg—Pref. 4 per cent stock, non-cumulative.
Var.l900to’08
do
do
Various
4.000.
000 5
’80-’88 1,000
Bonds,$500,000 yr’ly.lOOO to’03 incl..bal.l908.c*
Feb. 1, 1937
do
do
F. & A.
4
5.000. 000
1887
Bonds to State of Mass. 4 p. c. since Feb., 1897..
1904-5-7
do
do
Various
4
2.500.000
’84-’ 87 1,000
Bonds ($1,500,000 due 1907, interest A. & O .)...
June 1, 1920
do
do
J. & D.
4
500.000
1,000
1890
Bonds, not m ortgage........................ .— •?.........0
Various, 1903
do
do
4-5 Semi-an
1.932.000
1,000
1893
Bonds, (See text. $54,000 are 4s), not mortgage.
May 1, 1914
do
do
4*s M. & N.
500.000
1894
Bonds, not mortgage................................................
1915 & 1916
do
do
Semi-an
4
1.859.000
1895-6
Bonds, not mortgage................................................
1927-1928
do
do
Semi-an
4
4.200.000
1897-8
Bonds, not m ortgage.................... - - - - ...................
July 1, 1924
do
do
J. & J
7
577.000
35 1874
1,000
Troy & Boston lstm ort. (V. 53, p. 405).......... .
Deo. 1, 1911
do
do
J. & D
5
100.000
1891
Brookline & Pepperell plain bonds, guar. (end)..
F int A Pere Marguette—See P ere Ma rq u ette Sta T E M E NT.
Florida Central a Pen.—Sum S ea b o a r d A i r L in e R y .
Jan. 1, 1945
New York City.
J. & J.
4.241.000
1,000
Florida South.—1st M., $5,000,000, g., guar.AB.c* 248 1895
v - A, & O. N.Y., N.Y. Sec. & Tr.Co Apr. 1, 1921
200,000
26 1881 100 &o,
eonda Johnstown < Oloversv.—Con.M., $500,000..c
&
July 1, 1947
do
do
4*3 g. J. & J
500.000
1,000
1897
26
1st consol, refunding mort., $700,000, gold .N .c’
July 1, 1950
do
do
J. & J
200.000
1,000
33 1900
General refunding mortgage, $1,500,000. N .. .c
1913
do
do
V - J. & J
50,000
1,000
4 1893
Johnstown G. & Kingsboro 1st M., assumed........
A. & O N. Y., Farm. L. & T. Co Oct. 1, 1922
6
350.000
1,000
1892
CayaduttaEleo. lstM.,gu.,p.<tei.,by F. J ,&G.KR.,g
436,132
100
Fort Wayne A Jackson—Common stock..................... ” 98
2,291,416
5*s M. & S. N. Y ., Farm. L. & I t . Co Mar. 1 ,’00, 2%
100
98
Pref. stock (8 p. c.), 5*3 p. c. rental Lake Shore..
2.555.000 2 in 1899 March. N. Y., State Trust Co. Mar.10,1899,2
100
Fort Worth A Denv. City—PL stk. “ stamp, ctfs.” 4%
8.176.000 4 (6) g. J. & D. N .Y ., Mercantile Tr. Deo. 1, 1921
1,000
1st mortgage, gold, $18,000 per mile................ o* 455 1881
2.923.000 3 to 4 g. J. & J.IN.Y.. H.B.Hollins & Co July 1, 1928
1,000
146 1888
Ft. Worth A Bio Or.—1st M., g., old 5s, int. red.Ceo
i-
E v a n s v ille Sc X e r r e H a u t e B B . —(Concluded.)—
The Ev. & T. Haute general mortgage covers 182 miles o f road owned
and $3,500,000 of stock of proprietary roads, having a mileage of 277
miles. Of the authorized issue $3,855,000 are held in trust to retire the
prior bonds and car trusts at maturity, the mortgage providing that
the prior liens shall be paid and not extended.
L atest E arnings —11 mos., <1899-0.Gross, $1,315,120; net, $605,220
July 1 to May 31.
<1898-9.Gross, 1,177,935; net, 551,893
Net earnings for 6 mos. ending Dec. 31,1899, $426,939; int., rentals
and taxes, $291,194; div. on pref. stock for entire year, (5 p. c.) $64,120; div. on com stock, (l*a p. o.) $59,950; bal., sur., $11,675.
A nnual R epo r t .—Annual meeting at Evansville third Monday in
October. Report for 1898-99 was given in V. 69, p. 589, 6 9 3 . __
Year ending June SO—
1899.
1898.
1897.
Total miles operated.............
167
167
167
Gross earnings..........................$1,259,435
$1,218,131
$1,003,430
Net earnings............................
562,356
483,443
447,622
Other income............................
49,264
32,309
17,191
Total net income..............
Interest on debt.......................
Taxes and miscellaneous.......
Evansv. & Ind. deficit............
Dividends on preferred........
$611,620
$337,950
69,271
53,321
51,333
$515,752
$337,950
65,148
61,818
$464,813
$332,950
52,624
106,424
25,680
$51,336 def.$52,865
$99,745
Balance, surplus.....................
Off ic e r s —President, H. C. Barlow, Evansville, Ind.; Chairman o f
Directors, John Hone, 26 Broadway, N. Y .—V. 70, p. 279, 583.
E v a n sv ille Terre H a u te Sc Chicago B y .—Merged in Chic. &
East. 111. in Dec., 1899.
F a ll B r o o k B a ilw a y .—(See Map New York Central A Hudson
Biver BR.—Owns from Corning, N. Y., to Antrim, -*a., 53 miles; branch
to Ulysses, Pa., 40 miles; Fall Brook branch, 7 miles; total 100 miles.
L e ase .—The railroad and its rolling stook was leased to N. Y. Cen
tral & Hudson River RR. for 999 years from May 1J1899, for $175,000
yearly, payable quarterly in gold, beginning Aug. 1, 1899, also taxes
and repairs, the leases of the Syracuse Geneva & Com ing Ry. and
Pine Creek RR., formerly held, being canceled and new leases made to
N. Y. Central, which also assumed the guaranty of the $3,500,000 Pine
Creek bonds. The lease doeB not include the coal properties of Fall
Brook Coal Co. Prior to the lease dividends had been paid quarterly
since 1891 at the rate of 7 per oent per annum on preferred and 6 p.
c. on common; since the lease, 7 per oent on preferred and 2*a per cent
on common.—V. 68, p. 379,573, 773, 872.
E arnings .—Fiscal year ends June 30. For 10 mos. ending Apr. 30,
1899, gross, $504,268; net, $177,351; other income, $218,979; taxes,
$31,198; dividends, $278,750; bal., sur., *86,381. N o reports since.—
( V. 65, p. 5 1 3 ; V. 67, p. 4 7 9 ; V. 68, p. 379,573, 773, 872.)
F a r m v l l l e Sc P o w h a t a n B B . - V . 69, p. 905, 955.
F ayetteville Sc A lb em a rle B y .—Projected from Fayetteville to
Southern Pines, 35 miles, with branches; total, 50 miles, of which 8
miles graded in Oct., 1899. Stock authorized, $1,000,000; outstand
ing, Oct. 1899, $5,000. Work was expected to begin early in 1900.
President, Clark J. Brown; Treas., H. W, Lilley.—V. 89, p. 743.
F in d la y F o rt W a y n e Sc W e ste rn B a i l w a y . —Owns road in
operation from junction with the “ Big Four ” at Findlay, Om to Ft.
Wayne, Ind., 82 miles. Uses Pennsylvania terminals in Ft. W ayne_
H is t o r y .—A reorganization of Findlay Ft. W. & W. BB., foreclosed
and extended to Ft. Wayne, 20 m. Stock, $2,000,000; par $100.
B onds .—First mortgage is $1,200,000, at $15,000 per m ile; **o in
terest paid to Oct., 1898. Mercantile Trust Co., N. Y., and Allen Zol
lars, Ft. Wayne, Ind., are trustees of both mortgages.
E arnings .—In 1897-8, net, $6,625, against def., $850. For year end
ing June 30,1899, gross, $98,995; net, $6,186.—V. 69, p. 1193.
F itch b u rg B B . —Operates from Boston Mass, to Troy, N. Y., 190
miles, with branches as shown below:
M iles
Lines leased—
Lines owned—
M iles
Boston to Fitchburg, Mass....... 50 Vermont & Mass. RR. —
Fitchburg to Greenfield Mass 56
Greenfield, Mass., to Troy, N.Y. 84
8
Vermont to Rotterdam J o t.... 61 Other lines.................................
Worcester to Bellows Falls,
Total system June 30,1899.458
Vt., etc..................................... 90
Various branches........ ..............109 Double track............................... 164
L e a s e .—Leased for 99 years from July 1 , 1900, to Boston & Maine for
5 p.c. on pref. and 1 p. o. on common stook, payable quarterly [J an. 1,
etc.], organization expenses, interest on bonds, taxes, expenses of
maintenance, etc. The B. & M. will purchase with its 50-year 3 per
cent gold bonds, $ for $, $5,454,700 of Fitchburg common stock held
1291; V. 71, p. 29.
D iv id e n d s .— >1887 ’ 88 ’ 89 ’90 ’91 ’ 92 ’93 ’ 94 ’ 95 to J a n ,’ 00
On preferred, j 2
2
0
2 3** 4
4
3 4 p. o. yearly
B onds , E tc .—Vermont & Mass, guaranteed securities; see that com
panv. The debenture bonds were described in Ch ro n icle of June 1,
1895.
- V. 60, p. 967.
E arnings .—For 9 months to Mar. 31 results w ere:
9 mos
bro 8S.
Net. Other inc. In t., tax, etc. Bal. sur.
1899-0.1.... $6,010,260 $1,890,700 $82,189 $1,142,951 $829.938
1898-9......... 5,700,917 1,767,835
56,808
1,151,137
6 <3,506
A n n ual R e p o r t .—Report for 1898-99 was in V. 69, p. 693.
Tune 30_
Cross
Net.
Charges. Div. on pref. B al.,sur.
1898-9.f .........$7,647,080 $2,019,189 $1,232,392 <4)$674,532 $112,265
1897-8............ 7,359,470 2,002,867 1,294,618 (4) 605,022 103,227
—V. 70, p. 176, 230, 279, 328, 429, 583, 894,1291; V. 71, p. 29.
F lin t Sc F ere M arquette B B . —Merged in Pere Marquette RR
Floren ce Sc Cripple Creek B B . —(N a r r o w G a u g e ).—In 1899,
consolidated with the Denver & Southwestern Ry., which see.
F lo rid a Central Sc P e n in su la r B B . —See Seaboard Air Line Ry.
F lo r id a E a st Coast B y .—Operates from Jacksonville, Fla,., via
St. Augustine, to Miami, 366 m iles; branohes to Palatka, San Mateo,
etc., 7 miles; Atlantio & Western, Blue Springs to New Smyrna, Fla.,
28 miles; Titusville branch, 48 miles; total, 449 miles. In Mar., 1900,
__ .
_
extension was proposed to Mayport, 13 miles.—V. 69, p. 591.
System owned b y Henry M. Flagler, Pres., 26 Broadway, New York.
Oct. 30, 1898, stock, $1,000,000; $6,500,000 bonds issued. For year
1898- 99 gross earnings $1,227,311; net, $507,269, agst. $309,618 in
1897-98; charges $267,608. (V. 61, p. 112,470, 591.)
F lo r id a Sou th ern B B . —(See Map Savannah Florida A W estern.)
—Owns from Palatka, Fla., to BrooksvOe, Fla., 145 miles; Bartow to
Punta Gorda, 75 miles; branohes, 28; total, 248 miles. In January,
1896, the St. Johns & Lake Eustis Ry., 47 miles, was purchased in the
Interest of the system. The road is now part of the Plant system ana
the bonds are guaranteed, principal and interest (endorsed—see gumranty in V. 62, p. 683),b y the Savannah Florida & Western. The bonds
carry interest at 3*a per cent until Jan. 1,1900, and thereafter 4 per
oent. For year 1898-99, gross, $360,064; deficiency under operating
expenses, $8,239, against $5,583 in 1897-98. (V. 63, p. 153.)
F o n d a J o h n sto w n Sc G loversville B B . —Owns from Fonda
N. Y., to Northville, 26 miles; leased lines, 25 miles; total, 51 miles.
Stook is $600,000; par, $100. Of the general refunding 4s, $200,000
were issued to retire maturing 7s, $700,000 are reserved to retire
prior bonds, the remainder being available for improvements, etc. V.
71, p. 84. Also guarantees $30,000 Gloversville & Broad Albin 1st
mortgage 5s. In 1896 parties interested in the New York Central
entered the directory. For year ending June 30, 1899, gross, $287,074; net, $94,686; other inoome, $11,994; interest, taxes, etc., $80,572; div. (8 p. c.), $24,000 V. 71, p. 84.
F o rt W a y n e Sc J a c k so n B B . —Owns Jackson, Mich., to Fort
Wayne,Ind., 98 miles. On August 24, 1882, leased perpetuallyto
Lake Shore & Miohigan Southern at a rental o f $126,027, equal to 5 *a
per cent on the preferred stock (see V. 56, p. 812), and after 1887 any
net earnings over 8 per oent on preferred stock to be paid as dividends
on common stook, but not exceeding 2 per cent a year.
F o rt W o r t h Sc D en ver City « Y * —
Texline, 454 m. V. 66, p. 810. Owns $200,000 stook and $200,000 of
5s of Ft. Worth & Den. Terminal Ry.
St o c k , E t c .—Colorado & South. Ry. owns a majority of the $6,820.'
000 (common was formerly $9,375,000) common stock; par, $100.
In readjustment of 1896, $2,555,000 of old common stock was stamped
preferred to receive interest, if earned, at 4 per oent. V. 63, p. lOoo.
D iv id e n d s .—O npref.2p.o. Mar., ’98; M ar.,’9 9 ,2 p .c.; Mar., ’00, nones
B onds .—Finances readjusted in 1896, the 1st 6s agreeing (1) to
reduce interest to 4 per cent for five years from December 1,1895;
(2) to take $312 stock for five overdue coupons and the 2 p. c. deferred
interest. “ The past-due coupons and 2 per cent due upon coupons for
the next five years to be held in trust for the protection of the stamped
preferred stook certificate holders in case of any accident, or failure o i
the company to pay the interest as proposed. See plan V. 63, p. 75.
The “ stamped bonds” were described in V. 63, p. 1063. A b stra ct of
mortgage (Mercantile Trust Co., Trustee) V. 45, p. 440.
E arn in g s .—5 mos., 51900.......... ..Gross, $600,925; net, $108,202
Jan. 1 to May 31.
<1899.............. Gross, 604,067; net, 125,247
A nnual R e p o r t .—Report for 1899 was in V. 70, p. 528, showing ;
Year end. Dec. 31— 1899.
1898.
_ 1897.
1896.
Gross earnings...........$1,610,852 $1,479,435 $1,319,830 $1.610,878
Net over taxes.............
340,157
406,522
414,146
Other incom e..............
15,750
17,881
14,520
8,864
From total net incomet as above, in 1899 ($355,907), deduct interest
on bODds, $341,940; rentals, $10,000; bal., $3,967.
President, Frank Trumbull, Denver, Col.—(V. 70, p. 5 2 8 , 68o.)
F o rt W o r th Sc B io G rande B y . —Owns from Fort Worth, Tex.,
to Brownwood, about 146 miles; completed in August, 1891* Btoc®
outstanding, $3,108,100; par, $100. No floating debt Deo. 31,1899.
I n te r e st a d ju s t m e n t .—In May, 1897, 1st mortgage
bondholders agreed to accept 3 per oent interest from Jan. l , l8 9 7 jto
Jan. 1,1902, inclusive, and 4 per oent thereafter. Old c o u p o n wiU
be held alive by trustee for benefit of bondholders. A ll bondholders
have agreed to reduction.—See V. 64, p. 888.
© 2
INVESTORS’
SUPPLEMENT.
[▼ o c . I aX X I .
Subscribers w i l l con fer a great fa v o r by g iv in g im m e d ia te n otice o f a n y error discovered In tliese T a b les
Bonds—Prinoi
RAILROADS.
INTEREST OR DIVIDENDS.
Size, or Amount
Miles
pal, When Due
Par Outstanding Rate
of
F or explanation o f column headings, &c., see notes of
When Where Payable, and by Stocks—Last
Road. Bonds Value.
on first page of tables.
Per cent. Payable
Whom.
Dividend.
Gainesville A Gulf—1st mort., $150,000, gold ....c* 49*3 1899 $1,000
$150,000
6 g.
’71-’80 1,000
Galveston Harrisb. A 8. Antonio—lstM.,g.,landgr.o*
4,712,000
6 g.
1,000
2d mortgage, Harrisb. and Houston to San Ant.e' 225 1880
1,000,000
7
1,000 13,418,000
West. Dlv. IstM .jg., SanA.toElPaso,636 m.«febr.o: 671 1881
5 g.
1,000
2d mort&age (see remarks)................................ c’ 671 1881
6,354,000
6
Galveston Houston A Hend. o f 1882—1st mort....... c
50 1883
1,000
2,000,000
5
Galveston Houst. A North.—1st M., $800,000. g o ld .
56 1900
800,000
5 g.
Georgia A Alabama—See Seaboard A id Line R y .
1,000
Georgia Midl'd Ry.—1st M., g., $1,650,000, int.gu,
98 1896
1,650,000
3 g.
Georgia Railroad A Banking Oo.—Stock.................. 307
100
4,200,000 11 in ’99
....
1897
1,000
Bonds, refunding, not mortgage, currency.......o'
1,000,000
5
1,000
Bonds, not mortgage, ourrency....................... e*&r . . . . 1880
1,000,000
6
Bonds, not mort., our., $200,000 are 5s of ’ 87o,'&r —
1882-7 1,000
500.000 5 & 6
Georgia Southern A Fla.—Com. stock, $1.000,000
100
1,000,000
100
1st pref., red. aft. June 1,1905, $684,000, 5 p. o. Text
....
684.000 5 in 1899
....
2d pref.. $1,084,000, 5 per cen t.............................
100
1,084,000 3 in 1899
1st mortgage, gold, $4,000,000..............IHeBa.o* 285 1895
1,000
3,838,000
5 g.
....
Gettysburg A Harrisb.—So. Mt. 1st M.
guar, by
1,000
100,000
4
Getty sir g < H. 1st M., old issue... >Phila <s Rd.
fc
S
1882
1,000
250,000
6
_ Con. M. $565,000, g .......................) RR. (old oo.)
*35 1891
1,000
215,000
5
Gila Talley Globe A North’n—1st M., g., text. .Hip 125 1894
1,000
1,514,000
5 SGoshen dt D eckerCn—1st & 2d M. ($60,000 are 2ds)
12 1888-9 500, &o
246,500
6
Gouvem eur A Oswegatchie—1st M., gold, gu. p.& Lc
13 1892
1,000
300,000
5 g.
Gr. Rap. Belding A Saginaw—1st mort., text, gold
28 1899
1,000
260,000
5 SGrand Rapids A Indiana Ry.—Stock, $6,000,000.cy
100
5,780,700
1st M.,mostly 1. gr.,g., ext. in 1899................... c* 335 1891
1,000
920,000
3*3 S1st mort., extended, gold, guar, by Pa. R R .......c* 335 1891
1,000
4,455,000
4*sg.
2d M., $5,000,000, g., 3 p.o. int. tfll Oet.2,l899.c*
1896
1,000
3,962,000
4 SGrand Rapids Kalkaska A S. E.—1st M., s. f., IB .. *32 1897
1,000
200,000
5 g.
G rand T ru nk R y .—Consol, stock, £23,318,309..
1882
£1 0 0 £22,475,985
Pour per cent guar, stook, non-oum...............
1884
....
£100
5,219,794 4 in 1899
1st preference 5 per cent stock, £3,420,000....... . . . . 1873-4 £ 1 0 0
3,420,000 4 in 1899
2d preference stook, £2.530,000............................ . . . . 1873-4 £1 0 0
2.530,000 3%A’1’ 99
E arnings .—11 mos., J 1899-1900...... Gross, $453,070; net, $178,806
July 1 to May 31. (1898-1899...... Gross, 529,214; net, 258,615
Year ending June 30,1899, gross, $556,413; net, $267,296; interest
and taxes, $105,869; baL, $161,417.—(V. 65, p. 463; V. 70, p. 280.)
F u lto n County N arro w G auge B y .—See Apr., 1900, Sufp.
G ain esville Sc G u lf B y . —Sampson City to Fort Drane, Fla., 48
miles. Stock authorized, $1,000,000: par $100; issued July, ’99, $300,ooo. Standard Trust Co. of New York is mortgage trustee. Gross
earnings for year ending June 30,1899 (27 miles), $27,537. General
office, Gainesville, Fla.—V. 68, p. 822.
G ain esville Jefferson Sc So. B B , - See Apr., 1900, Su pp .
G alveston H a rrisb u rg Sc San A n to n io B y .—(See Map South
Pacific.)—Owns Houston, Tex., to east bank of Rio Gr. River, 835miles;
branches, 73 m.; total, 918 miles.
O r g a n iz a tio n , Sto c k , E tc .—Operated by the Southern Pacific Com
pany, which owns $27,038,900 of the $27,093,000 stook (par, $100).
B onds .—First mortgage has a sinking fund of 1 per cent, but
it is optional with bondholders to surrender their bonds if drawn.
In 1893 holders of Western Div. 2ds agreed to cancel claims for ac
crued interest and that interest on these bonds should be paid only if
earned and should be non-cumulative; this agreement had not been
actually consummated to June 30,1897. Interest accruing on these
income bonds is not included in liabilities shown below. Y. 58, p. 719.
On June 30,1899, there was due Southern Pacitto Co., $696,868 and
the Texas < New Orleans RR., $1,397,085. For status of old claims of
&
the school fund see V. 64, p. 1137. Appeal has been taken. V. 66, p. 471.
E arnings .—11 months,) 1899-0..Gross, $5,757,345; net, $1,117,089
July 1 to May 31.
J 1898-9..Gross, 5,197,802 ; net, 1,389,675
Year ending June 30,1899, gross, $5,669,335; net, including other
income, $1,541,580; oharges, $1,259,509; surplus, $282,071. In 189798, gross, $5,002,173; net, $1,24 8 ,2 2 4 .-(V. 66, p. 471.)
G alveston H o u sto n Sc H en d erson B B . o f 1 8 8 2 .—Owns
from Galveston. Texas, to Houston, Texas, 50 miles.
O r g a n iza tio n .—The M. K. < T. and International «fc Great North
fe
have used the road jointly since December, 1895, under a contract
providing for payment to mortgage trustee of $100,000 yearly
to meet interest on G. H. <s H. bonds and an additional rental of
S
$24,000 per annum for dividends or other purposes—see V. 61, p.
1064; V. 63, p. 697. M. K. & T. owns 4,999 shares of G. H. & H. stook
—see V. 61, p. 1013. Stook, $1,000,000; par, $100. For year ending
Deo. 31.1898, gross, including $124,000 for trackage as above, $380,600; net, $176,311; other ino., $1,210; int., taxes, etc., $119,289; bal
ance, surplus, $58,232. (V. 65, p. 1114.)
G alveston H o u sto n Sc N orthern B y .—Owns road from Hous
ton. Texas, via La Porte, to Galveston 56 miles. Successor May 1,
1899, o f Galveston La Porte & Houston Ry., sold under foreclosure.
Capital stook is $500,000; issued Sept., 1899, $200,000; control ac
quired in Jan., 1900, by Southern Pacific interests.—V. 70, p. 176
Year ending June 30,1898, gross earnings were $191,948; deficit
under operating, $8,038—(V. 68, p. 618, 671, 822; V. 70, p. 125,176.)
G alveston Sc W e ste rn B y .—V. 71, p. 29.
George’ s Creek Sc C u m berlan d .—See Apr., 1900, Sopp.
G eorgetow n Sc W e ste rn .—See Apr., 1900, S o pp .
G eorgia Sc A la b a m a B y .—gee Seaboard Air Line Ry.
G eorgia C arolina Sc N orthern B y .—See Seaboard Air Line Ry.
G eorgia M id lan d B y .—Owns road from Columbus to McDonough
Ga.. 98 miles. Leased from July 1,1896, for 99 years to the Southern
Railway Co. for $49,500 annual rental (being interest on the first mort
gage bonds) and rental obligations on Georgia Midland Terminal to
the amount of $2,500. Capital stock is $1,000,000, owned by Southern
Railway Co. (V. 62, p. 1177; V. 63, p. 361.)
G eorgia B a i l r o a d . —Under this name are operated the lines leased
from the Georgia RR. & Banking Co.—which see. Report of operation s
for year ending June 30, 1898, was given in V. 67, p. 1 2 6 0 .
G eorgia B a ilro a d & B a n k in g C om p an y.—Owns from
March, 1900, electrical equipment of Washington branch. 40 miles
reported to be under consideration.
’
O r g an ization .—Owns also one-half the stock of the Western Railwav
o f Alabama (the Central of Georgia Railway owning the other half)
and a 40 per cent interest in the Atlanta & West Point (which see)
Guarantees (jointly with Central RR. < B. Co. of Georgia) the $1 543 &
000 first mortgage 4*s per cents of Western Railway o f Alabama
In April, 1881, the railroad (307 miles) and its interest in the* other
railroad companies were leased for 99 years to W. M Wadlev and
associates, for the Central of Georgia and the Louisville & Nashville at
$600,000 per year, but in April, 1899, the L. & N. was held to have ac
quired all rights under the lease; the Atlantic Coast Co. in Julv 1899
acquired a half interest.—V. 68, p. 722; V. 69, p. 385, 591. Securities
deposited under lease, V. 70, p. 125.
securities
Dec. 31,1892, the banking department was turned over to “ Georgia
Railroad Bank," a majority [$198,200] o f whose stock is owned.
J.
F.
J.
M.
J.
A.
J.
« s 3.
S
« s A.
S
& D.
& N.
« s J.
S
& O.
« s J.
S
1929
N. Y., Standard Tr. Co.
N.Y.,So.Pac.Co., «SsBost. Feb. 1, 1910
June 1, 1905
do
do
N.Y. ,So.Pao. Co.,23 B’rd May 1, 1931
July 1, 1931
N. Y ., Mere. Trust Oo. Apr. 1. 1913
Jân. 1, 1930
New York,
sCo. Apr. 1, 1946
A. & O. N.Y., J. P. Morgan «S
Q.—J. Augusta; mail’d to N.Y. July 16’00,2%
3 . & j . N. Y., Guaranty Tr. Co. Jan. 1, 1922
J. « s J. N.Y.,Am. Ex,Bk.«feAug. Jan. 1, 1910
S
J. « s J. All Augusta; 6s in N.Ÿ. Jan. 1, 1922
S
M. « s N.
S
Nov.
J. «fe J.
A. « s O.
S
A. & O.
Various
M. « s N.
S
Various
J. « s D.
S
M. « s S.
S
J.
J.
A,
A.
« s J.
S
«S J.
s
« s O.
S
«S O.
s
A. «S O.
s
A. «S 0.
s
Balt. M.T.&D.Co.«SsN.Y.
do
do
Balt.M.T.«SsD.Co.«Ss N.Y.
Phila., Reading office.
Phila., P. «fe R. office.
do
do
N. Y. Chem. Nat. Bank.
NBkOrCo,Goshen,N.Y.
N.Y., Gd. Cent. Station.
Int’l Trust Co., Boston.
Of., Gr. Rapids, Mich.
N. Y., Winslow, L. « sOo.
S
do
do
Philadelphia, Pa.
Int’l Trust Co., Boston.
May 1 ,’0 0 ,2is
Nov. 8 ,’99, 3%
July 1, 1945
Oct. 1, 1912
Oct. 1, 1926
Nov. 1, 1924
1928-29
June 1, 1942
Mch. 1, 1924
Apr. 25/O 0,1%
July 1, lv 41
July 1. 1941
Oct. 1. 1936
Oct. 1, 1907
None ever pd.
Check from Co.’ s office. Apr.20,’00,2%
Apr.20,’00,4%
do
do
Apr.20,’00.3%
D iv id e n d s —
> ’ 81. ’ 82. »83 t o ’ 87. ’ 88. ’ 89 to July, 1900.
Since 1880, P. Ct., > 9*5» 10% 10 yearly 10% 11 p. c. yearly.
Com pa ny ’ s R epo r t .—In year ending March 31, 1900, rental, etc.,
was $600,000; dividend from bank, $19,820; total, $619,820; inter
est $138,000; dividends paid (11 per cent), $462,000.
E arnings .—307 miles, > 1899-0...Gross, $1,540,879; net, $532,759
July 1 to May 31.—11 mos. 5 1898-9.. .Gross, 1,528,935; net, 476,107
Railroad earns, for year ending June 30,1899,gross, $1,634,842; net,
$493,644; divs. received, $120,536; rental to Ga. RR. «fc B. Co.. $600,000.
In 1897-8, gross,$1,616,146; net, $393,028.—V. 69,p. 591; V.70,p. 125.)
G eorgia Southern Sc F lo rid a B y .—(See Map o f Southern R y.)—
Owns from Macon, Ga., to Palatka. Fla., 285 miles.
H is t o r y .—A reorganization of the Georgia S. & F. R ailroad, sold in
foreclosure April 2, 95. (Per plan in V. 60, p. 928; see also V. 59, p. 551.
D ividends .—On 1st pref. ’ 96 ,4 p. c.; ’97, 5; ’98,5; 1893,5 p. c.; 1900,
May, 2*3 p. o. On 2d pref. in 1897,2 p. c.; in 1898,3 p. 0.; in 1899,3 p. e.
B onds .—Abstract of 1st mortgage of 1895 was in V. 61, p. 429. The
mortgage is for $4,000,000 and covers all of the property and franchises
and provides also that the $684,000 first preferred stock authorized
shall constitute a lien upon the same second only to the bonds and
coupons. The unissued firsts are reserved for old claims, car trusts and
for improvements. On July 1, 1899, equipment notes, $5,147.
L ate st E arn in g s . - 12 m os.,) 1899-0..Gross, $1,180,411; net, $310,748
July 1 to June 30.
( 1898-9..Gross, 953,798; net, 258,083
A n n ual R e p o r t .—Fiscal year ends June 30. Report for 1898-9
was in V . 69, p. 902, showing gross, $953.798; net, $258,083; other
income, $3,302; interest on bonds, $181,250; balance for div.,
$80,135. In 1897-8, gross earnings, $949,628; net, $295,574.
Of f ic e r s .—President, Samuel Spencer, N. Y .—(V. 69, p. 9 0 2 .)
G ettysburg Sc H a rrisb u rg B B . —Carlisle to Gettysburg, Fa., 32
miles; branch to Round Top, Pa., 3 miles. Tne Reading Company owns
$540,700 of the $600,000 capital stock, $535,000 of which deposited
as part security for its general mortgage o f 1896.
G ila V alley G lobe Sc N orth ern B y .—Bowie, Ariz., to Globe,
125 miles. Road was opened in 1894 (48 miles) and completed Feb.,
1899. In Sept. 1899, extension from Globe to Pinto Creek, 10 miles,
was reported to be proposed. Stock,$2,000,000, all outstanding: par,
$100. The bonds, limited to $15,000 per mile ($1,514,000 outstanding),
are guaranteed, principal and interest, by the Southern Pacific Co.
V. 69, p. 27. See form o f guaranty in Y. 68, p. 232.
)
E arnings —5 mos.,
(1 9 0 0 ............... Gross, $155,504; net, $97,294
Jan. 1 to May 31.
\ 1899............... Gross, 181,660; net, 124,823
Year 1899, in V. 70, p. 325, viz.: Gross, $402,589; net, $268,653.
Interest, $75,700; betterments, etc., $67,866; balance, surplus,
$125,085. President, William Garland; Sec. and Treas., A. G. Laird,
Los Angeles, Cal.—V. 69, p. 27; V. 70, p. 3 2 5 .
G o u v e m e u r Sc O sw egatchie B B . —Owns from Gouverneur to
Edwards, N. Y ., 13 miles. Stock, $350,000, all owned by N. Y. Cent,
—which guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501.
G ran d B a p ld s B e ld in g Sc S a gin a w B B . —Freeport to Beld
ing, Mich., 28 miles, of which Lowell to Belding, 17 miles, completed
late in»1899, remainder o f line being Lowell <s Hastings RR., acquired
S
in May, 1899. Mortgage is for $260,000 on 28 miles and $9,000 per
mile for additional construction. Leased from Jan. 1,1900, to Pere
Marquette RR. for 30 years at rental covering interest charges, payable
monthly.—V.70, p. 39. In Jan., 1900, extension to Greenville, Mich,,
19 miles, reported to be proposed.
G rand B a p id s Sc In d ia n a B y .—(See Map o f Pennsylvania R R.)
—Owns from Fort Wayne, Ind., to Mackinaw City, 367 miles' Manistee
Branch, 19; other branches, 42 miles; total owned, 428 miles; operates
the following roads but has not assumed the old company’ s leases
thereof: Cincinnati Richmond & Fort Wayne RR., 86 m; Traverse City
RR., 26 m.; Muskegon Grand Rapids < Indiana B R „ 37 m.
fe
H is t o r y .—Successor Aug. 1, 1896, of Grand Rapids < Indiana
fe
Railroad, foreclosed under second mortgage per p la n in V. 63, p. 153.
D iv id e n d s .—First dividend, 1 p. c., paid Apr. 25,1900.—V, 70, p. 739.
S t o c k .—Stock, $6,000,000, of which Penn RR. Co. owns $2,644,540.
B onds .—The first mortgage land grant bonds extended at 4% per
cent are endorsed with the guaranty o f the Pennsylvania RR. Co. to
purchase the coupons as they mature, and the bond itself at ma
turity. They have no lien on land grant. See guaranty V. 56, p. 649,
The $920,000 first mortgage 7 percent land grant bonds due Oct. 1,
1899, were extended at 3*3 per cent.—V. 69, p. 1193.
Of the 2ds $3,687.000 were Jan. 1,1900, owned by Penn. RR. Real
estate mortgages, $150,000.
E arnings —585 miles,
> 1899....Gross, $3,146.165; net, $791,350
Jan. 1 to Dec. 31.
S 1 8 9 8....Gross, 2,784,845; net, 733.990
R eport .—Report for 1899 was in V. 70, p. 737. In 1899 carried 1,891,594 tons freight, of which 47 p. o. was lumber, etc.,and 10 p.o. coal.
Year end’g Dec. 31.
1899.
1898.
1897.
1896. H
Miles operated............
428
434
430
433
Gross income............. $2,464,284 $2,171,717 $1,978,567 $1,899,444
Net over exp’s & taxes
634,847
596,622
525,086
304,250
Interest charge for ’99, $391,909; other, $67,012; dividend (1 p. o.),
$57,807; balance, surplus, $118,118.—V. 70, p. 6 8 4 , 686,^737, 739,
J u l y , 1906. J
RAILROAD
STOCKS A N D
«3
BONDS.
Subscribers w ill con fer a great fa v o r by g iv in g im m ed ia te notice o f a n y error discovered In tbese 'Tables.
Bond*—PrlnoiINTEREST OR DIVIDENDS.
INI
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stock*—Last.
of
Par
For explanation o f oolumn Readings, &c., see notes of
Dividend.
Whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
G ran d T ru n k R a ilw a y—( Concluded)—
£1 0 0 £7.168,055
3d preference 4 per cent stock, £7,168,055— |
J.&J.14
5
4,270,375
£100
Debenture stock, £4,270,575..............................I 3,512 1874
4
1874
£100 12,515,678
Consol, debenture stock (ool. trust) , cum........ f
J. & J.
6
414,300
1869
£100
2d equipment M. (subject to 1st M. in trust). .o J
S e c u r it ie s o f Dines C o n so lid a te d w it h G ran d T r a n k R y .
& A.
5
2,723,080
Var.
100
Great Western perpetual debenture stock....... c 836)4
& J.
5
611,100
1877
Northern Ry. 1st M. sterling 5s, £850,000.. o* 1
& O.
6
15,900
3d preference A & B bonds....... ..............^ c > 490% 1868
& A.
4
347,990
1884
Debenture stock,4p. c..perpetual, £425,850. )
& A.
5
187,500
Grand Tr. Geo. Bay & L. E. IstM., £310,200.c*&r 189% 1883 £100 &c
M. & N.
5
458,600
£100
Midland of CanadalstM .,sectional,£525,OOO.o) 455 1878
J. & J.
5
1,072,100
1882
£1 0 0
Consol. 1st M., £3,164,700..................... - - - ..c 5
J. & J.
5
101,100
62 1882 £ 1 0 0 &c
Montreal & Champlain Juno. 1st M., £172,600..
96,200 Varies. J. & J
£100
Wellington Grey & Bruce 1st M., £532,000.......o 168% 1874
Q.—F.
7
$100 98,413,500
Q t. N orth ern —Stock, $100,000,OD0. See te x t....
Q .-F .
6
C469.200
100
St. Paul Minn. & Man.—Stock,orig. $20,000,000.
A. & O.
8,000,000
1,000
624 1879
St.P.M. & M. 2d (now 1st M.)g. does not cov. l’ds)o*
6 *•
5,676,000
6 g. M. & N.
1,000
Dakota Extension 1st M., gold..........................c* 1,221 1880
6 g. J. & J.
1,000 13,344,000
2.655 1883
4%g. J. & J.
1,000 21,159,000
“
A S
\(now lst M-on land8) gold- \ 2.655 1883 l.OOO&c a7,907,000
4 g. J. & D.
Montana Extern IstM . ($25,000p. m.),gold.c**r 420 1887
4 g. J. & J.
Pacific Extension M. £6,000,000, gold Ce..o*&r 819 1890 £100 &c b£3,000,000
1882 $1,000 $2,800,000 5 & 6 g. J. & J.
Minneap. Un.RR.lstM.,g.,gu. ($650,000are 5s).c*
5 g. A. & O.
East of Minn. IstM . ($50,000 p. m.), g.,gu..o*<fcr ” 72 1888 l.OOO&c 4,700,000
No. Div. mort., $15,000,000, gold, guar....c*&r 299 1898 l.OOO&c d 5 ,000,000 , A g- A. & O,
Montana Cen. ls t M., g.($6,000,000 are 6s)gu.c&r 256 1887 l,000&c 9,300,000 5 & 6 g. J. & J.
5 g. J. & D
3.646,000
1.000
Willmar & Sioux Falls ls t M., g., gu.p.&i, (end)c*<fcr 205 1888
5 g. J. & J
500,000
1,000
....
Minneapolis Western ls t mort., gold, g u a r.....c
205,616
Duluth Superior & West, oar trusts, assumed
a $11,502,000 additional pledged for Pacific Extension bonds of 1880. c Great Northern in 1900
the $20,000,000 stock o f St. P. Minn & Manitoba, b £3,000 00 additional held by Great Nor. Ry. Co.
G ran d T r u n k R y . o f C a n a d a .—Operates from Quebe , Can.
via Montreal, to Chicago, 111.; also to Portland, Buffalo, D etioii. etc.;
SYSTEM PROPER.
REPORTED SEPARATEDV.
Mile*. Majority Stock Owned.
Miles,
.................. 3,08k Central Vermont IT.........................
Chicago & Grand Trunk!..............
Leased—
partly owned—
Cincin. Sag. A Mackinaw..............
Atlantic & St. Lawrence, Port
Entire stock owned.
land, Me., to Island Pond, V t... 150
Buffalo & Lake Huron................... 162 Detroit Grand Haven & M il!......
Other lines.........................
105 Michigan Air Line.........................
Lines owned.......... .
170
835
63
189
106
-------I
Total road — ................ ...........4,656
Total In earnings..................... 3,606 I TSee separate statement this Co.
Or g a n iz a t io n .—A consolidation, in Aug., 1882, of the Grand Trunk
and Gt. Western railways. Owns $2,185,800 o f the $3,00,000 st03k
and $1,186,000 of the bonds of the Central Vt. Ry.—V. 68, p. 427,
1076. As to traffic agreement with latter see V. 68, p. 1076.
St o c k , E tc .—The authorized capital on June 30,1899, was £41,666,364 stock (£40,813,834 issued and £842,530 unissued), advances
from the Canadian Government in aid of construction amount to
£3,111,500. Perpetual consolidated 4 per cent debenture stock,
authorized by A ct o f 1882 and later Aots, has been issued from
time to time to acquire securities of companies consolidated and con
trolled, amounting Dec. 31,1898,to £6,868.801, and bearing an an
nual interest of £375,367. The company offered to July 21,1900, to
issue debenture stock in exchange for certain terminable bonds. See
list and terms, V. 71, p. 84.
D iv id e n d s since 1893: Guar., 4% stock—1894-97, nil; Oct., ’98, 2%;
’ 99, 4%; Apr., 1900, 2%. On ls t pref., Apr., ’99, 3%: Oct., 1%; in 1900,
Apr., 4%. On 2d pref., Apr., 1900, ii % p. o., the ls t div. since Apr., 1888.
—V. 70, p. 328.
E arnings - 5 mos., > 1900......... .. Gross, $8,559,376; net, $2,618,717
Jan. 1 to May 31. 5 1899............Gross, 7,948,131; net, 2,582,705
R e p o r t .—Statement for 1899 was in V. 70, p. 426.
1897.
1898.
rears ending Dec. 31
1899.
£3,969,642
Gross earnings......................... £4,407,016 *£4,012,314
2,597,372
2,671,883
Transportation expenses....... 2,892,994
£1,340,431
£1,372,270
Net earnings.......................£1,514,022
£1,574,031
£1,548,932
Total net incom e............ £ 1,724,367
146,349
146,349
Rentals.....................................
146,349
1,028,510
1,038,153
Interest on b’ds and deb. stk. 1,043,542
_
Dividend on guar, stock_ (4%) 208,792 (4%) 208,792
Do on le t pref. stock...(5%) 170,842 (3%) 102,504
Do on 2d pref. stock. 13%%) 82,225
Balance.................................sr.£72,6l7
sr.£53,134 sr.£399,771
•After deducting £171,602 for tolls, traffic advances, etc.
President, Sir O. Rivers Wilson. London.—V. 71. D. 84.
Great N orthern R y .-( S « e M aps.)—Operates a low-grade trunk
line extending from St. Paul, Minn., across the great wheat belt of the
Red River Valley and across the State of Montana, tapping its silver
and copper mining distriot,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 o f the Northern Steam,
ship Co. (whose $1,500,000 stock is owned) jrun east to Buffalo, N. Y.
Stock owned—oper. separately—
Lines leased and operated—
(Concluded)—
St. Paul Minn. & Man. Ry.,
St. Paul to Lowell, Wash... 1,790 Eastern Ry. of Minn.—
Hinckley to Duluth..........
72
Branches in Minnesota, the
65
Hinckley to F r id le y .......
Dakotas and Montana.......2,026
New Dm. to Cass Lake.. 140
Trackage to Spokane, etc.. . .
10
Missis., Minn., to Hibbing
49
Eastern Ry. o f Minnesota—
Nomadji Juno, to Cloquet..
28
Fosston to Cass Lake........
60
Minneapolis Un. Ry., eto...
12
Park Rap. & Leech Lake Ry.—
Park Rapids to Cass Lake.
49 Montana C en tralGreat Falls to Butte, e to... 261
Owned, unbonded—
Seattle & Montana RR.—
159 Spokane Falls & N orthern... 218
Seattle to Westminster.
Total road July, 1899— 5,214
Total operated directly ..4,094 2d and 3d track and sidings. 806
Stock owned—oper. separately— East Minn. Ry.—
Brook Pk. to Coon Creek Jo. 57
Willmar & Sioux Falls—
Willmar to Yankton, S. D .. 205 Willmar A Sioux Falls—
Garretson, R. D., to Sioux
Duluth Watertown & Pacific—
City,la., and O’Neill, Neb 240
Watertown to Huron, Dak.
70
Extension o f Great Northern was built in 1898 between Fosston
and Duluth, 230 miles. V. 67, p. 28, 796. In 1899 ft was reported
that an extension was purposed o f the Eastern Minnesota line from
Milaca, north about 100 miles, to connect with the Dul. Mtss. Riv. &
Nor.; also a cut off between Libbey Creek and Kalispell, Mont., to ex
tend from Batavia along Libbey Creek to Libbey, about 75 miles. In
July, 1900, extension from Wenatchee, Wash., northeast to Republic,
ISO miles, reported to be proposed. In April, 190 j, extension begun
from Stony Brook to Mountain Iron, 50 miles.
St o c k , L eases , E tc .—This corporation in February, 1890, leased the
St. Paul Minneapolis & Manitoba for 999 years, assuming its funded
debt and guaranteeing 6 p.c. per annum in gold on its $20,000,000 stock.
In 1898 $25,000,000 new Great Nor. preferred, raising the total capi
tal stock to $50,000,000, was offered to stockholders^ $15,000,000 of
this being sold at par to provide for retirement of $15,000,000 ool.
May, 1884
Irredeemable
Irredeemable
July 1, 1919
! Glyn, Mills, Currie
& Co., London.
See V. 70, p. 1250.
N. Y. Office, 27 Pine St
do
do
New York and London.
New York, 27 Pine St.
do
do
do
do
do
do
N.Y.&Lon., Baring Bros
New York, 27 Pine St,
N.Y.27Pine; Bos.,Lee,H
do
do
New York, 27 Pine St,
do
do
N.Y.&Lon., BaringBros
Irredeemable
July 1, 1902
Irredeemable
Irredeemable
Aug. 1. 1903
May 1, 1908
Jan. 1, 1912
Jan. 1, 1902
July 1, 1901
Aug. 1,*00,1%
Aug. 1, '00,1%
O ct 1, 1909
Nov. 1, 1910
July 1, 1933
July 1, 1933
June 1, 1937
July 1, 1940
July 1, 1922
Apr. 1, 1908
1928-1948.
July 1, 1937
June 1, 1938
July 1, 1911
To FeD.1,1906
had acquired all except $469,200 o f
d Subject to call after April 1,1928.
tr. 4s o f 1892, called for redemption Sept. 1, 1898, and $10,000,000
being exchanged for the $12,500,000 stock of the Seattle & Montana
RR., which in June, 1898, had been declared distributable as a 50 per
cent dividend.—V. 66, p. 1044, 1188; V. 67, p. 796.
. . . .
.
In October, 1898, the stockholders surrendered the right to issue
$20,000,000 common stock in addition to the $50,000,000 preferred
then outstanding, and made all the stock “ of a single class, with uni
form rights and privileges.” Also authorized the purchase of the $20,000,000 of guaranteed 6 per cent stock of the St. Paul Minneapolis &
Manitoba, on the basis o f $125 Great Northern stock for each $100
Manitoba stock, thus increasing the Great Northern stock to $75,000,000. In Apr., 1900, $24,411,000 of the increased stock had been
issued, leaving not over $471,200 of the Manitoba stock unexohanged.—(V. 68, p. 129; V. 67, p. 1356; V. 67, p. 370, 788, 842.)
In April, 1899, $15,000,000 additional preferred, raising total to
$90,000,000, was offered to stockholders at par, to acquire all the
bonds, debentures and (-took of the Spokane Falls & Nor. Ry., Nelson
& Ft. Sheppard Ry , Columbia & Red Mtn. Ry. and Red Mtn. Ry., a n d .
$7,500,000 new stock of EastRy. of Minn. V. 68, p. 772, 822,1181.
In Jan., 1900, $9,000,000 additional stock was sold at par to
stockholders to aoquire $3,500,000 further stock of the East Ry. of
Minn, and $5,500,000 stock of the Willmar & Sioux Falls Ry., which
amounts are to be used for extensions and improvements of the re
spective companies. The acquisition by the Willm tr & Sioux Falls Ry.
included the Sioux City & Northern and Sioux City & Western rail
roads. V. 70. p. 39,1149. In May, 1900. $l,000,0t>0 stock, raising the
amount to $100,000,000, was offered to Employes’ Investment Co.,
which will hold it for benefit o f employes.—V. 70, p. 945,996.
L ands .—Land sales in April, 1897, had retired all the ls t mort. bonds
and were then applicable to consol mort. o f 1883.
-■
Sales for year ending June 30,1898, were 120,452 acres for $883,145 and 344 town lots for $16,508. The net amount due on land con
tracts June 30, 1898, was $1,605,626; lands unsold, 1,308,483^acres.
Minneapolis & St. Cloud grant was 476,864 acres; unsold July 1,
1899, 397,730 acres; sales in 1898-99 were 7,965 aores for $38,483.
D iv id e n d s ,
> 1890 1891 1892 to 1896 (inclusive), '97 ’98 ’ 99 ’00
Great No. pfd.%S 1
4%
5 p. c. yearly (Q-F.)
5% 6% 7 IT
If In Feb., 1900 1% p. 0.; May, 1% p. c.; Aug , 1% p. o. Also in 1898
50 per cent in Seattle & Montana stock, which was then exchanged
for 40 p. 0. in Great Northern preferred. V. 66, p. 1044,1188.
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 tr a c t V. 45, p. 342.
..
Pacific extension mort. £6,000,000 provides for bonds at £6,000 per
miift in Montana and £7,000 per mile west of Montana; £3,000,000
of this issue, in addition to those given in the table above, were pledged
to secure the Great Northern’s collateral trust bonds, but were released
upon payment of the latter, oalled for redemption on 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 runs from Hinckley northward 70
miles, to a point near Duluth: the first mortgage covers road, equipment,
terminals and elevators. The Northern Div. $15,000,000 mortgage
of 1898 provides for extension building from Fosston, Minn.,
to the head of lake navigation at Duluth, and also for future require
ments, including the retirement of the $4,700,000 ls t 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.
Chron . Deo. 12, 1891.) The Manitoba guarantees these issues, and
the Great Northern assumes the guaranty.
, , , , , , .
.
,
The Willmar < Sioux Falls bonds are endorsed with joint 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.
M inneapolis Western first mortgage is for $1,000,000. V. 60, p. 835.
G e n e r a l F inances .—The preferred stock was increased in 1898-9
from $25,000,000 to $90,000,900- see above and V. 66, p. 1188; V. 67.
p. 370, 788, 842, 1003, 1356. V. 68. p. 772. In 1898-99 received
$1,250.000 (10 p. 0.), in 1897-8, $500,000 (12 p. o.) and in 1896-7,
$600,000 (12 per cent), in dividends on Eastern Ry. of Minn, stock.
Train loads In 1897-98 averaged 316 tons.
E arnings .—Great North’n system (incl. 8t. P. M. & M., East, o f Minn,
and Montana Central) July 1 to June 30, 1900 (12 months), gross,
$29,490,297, against $25,923,136 in 1898-9.
A nnual R eport .—Fiscal year ends June 30. Annual meeting is held
at St. Paul on the seoond Thursday in September. Report for
1898-99 was published at length in V. 69, p. 9 5 1 ,9 58 . See also p. 931.
(1 ) OPERATIONS GREAT NORTHERN SYSTEM PROPER.
Year end. June 30.
1899.
4,786
Av. miles operated.............
Gross earnings........................ $25,017,903
Oper. expenses and ta x es... 13,091,361
1898.
4,466
$22,577,544
11,555,645
4,415
$10*436,061
11,304,520
Net earnings........................... $11,926,542
P. c. of exp. and taxes..........
52-33
$11,021,899
51*18
«,131,541
58*16
3»
INVESTORS’
m
M AP OF TH E
GREAT NORTHERN RAILWAY
(E A S T E R N S E C T IO N )
E N T IR E S Y S T E M 5,492 M ILES.
J u l y , 1900.J
BAILBOAD
STOCKS
AN D
BONDS
66
INVESTORS’
SUPPLEMENT.
[Vol. LXXI.
Subscribers w ill con fer a great fa v or by g iv in g im m ed ia te n otice o f a n y error discovered in these T a b les.
Bonds—
Prim iINTEREST FOR DIVIDENDS.
RAILROADS.
p al,When Dne.
Amount
Miles Date
Par
Outstanding Rate Per When Where Payable, and by Stocks—Last
of
F jr explanation o f column headings, &c., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
Great Nor. By. o f Canada—1st M., g.,s. f.,text.C e.
Equipment bonds, due semi-annually ...............
Green B ay A Western BB.—
Stock, cuvs. aft. 2*« p.c. on Class A, deb................
Debentures, Class Ä, incomes, text, non-cum..o*
Class B, incomes, after stock, non-cum..........o*
Greene B B .(N . Y .)—Stock.......... ................................
First mortgage..........................................................
Gulf Beaumont ¡6K. 0.—1st M., $10,000 p.m., gold.c
Gulf B. 2s Gt No.,gold. p. & i. giL,end.AB.text.e
G ulf A Brazos Talley—lstm ort.,$1,340,000.IJSt.c*
G ulf A Interstate By. o f Texas — mortgage, gold.
1st
G ulf A Ship Island—1st M., $1,050,000, gold H a .o
General mortgage, $3,500,000. gold..........Coi.o*
H alifax A Tarmouth—IstM ., $5,000,000, g.IB ..o*
Hancock A Calumet—Con.M. ($400,000)g.red.at 105
Hannibal A St. Joseph—Con. M., now is t mort...o*
R am sb. Portsm’ th Mt. Joy A Lane.—Stock,7 p. e.gu.
1st mortgage (ext’d in i883), guar.p.&i.Pa. RR..r
Hartford A Connecticut Western1 Stock....................
—
1st mortgage.............................................................
Henderson Bridge Co.—1st M., g., drawn at 105.0*
H ibernia M ine BB.—Stock........................................
H ocking Talley By.—Stock, common, $11,000,0( 0
Stock, pref., $15,000,000 4 p. o. n on-cum ..........
Col.&Hock Val.IstM..ext. in gold. V. 68,p.428.c*
Col. & Toledo 1st M. (Columbus to Walbridge).c*
Col. & Toledo 2d M. (Columbus to Walbridge).c*
Ohio & West. Va. 1st M. (Logan to Pomeroy)o*..
Hock. V. 1st consol, mort., $20,000,000, gold.Ce
Oar trust, bonds and scrip, a. f.. red. at par, gold
179
....
1900 $1,000
1,000
....
....
1896
1896
8
75
75
Text.
110
70
70
51
20
289
54
54
109
109
4*4
76
118
118
85
_
100
1,000
1,000
100
500
500
500
1,000
1872
1893
1893
1900
1899
1895
100
1897
1900 1,000
1895 $ & £
1,000
1891
1,000
1881
1894 10,000
50
1853 500 &c.
....
100
1,000
1883
1,100
1881
100
....
lo o
100
....
1867 500 &o.
1875
1,000
1880
1,000
1880
1,000
1899
1894
i.ö ö o
(2 ) GREAT NORTHERN INCOME ACCOUNT.
Tear ending June 30.
1899.
Net earns St. P. M. & M an... $8,902,225
Interest on bonds owned.......
105,017
Dividends on stocks owned... 2,134.620
Profit on Treas. seour. sold .
68,152
Rentals of leased lines............
166,318
Interest and exchange............
56,494
Bills receivable........................
3,616
Other income............................
139,608
Total receipts....................$11,576,050
Paid rental St. P. M. & Man. 4,137,824
Great Northern dividends.,(6^i)3,851,034
Renewal, etc , funds.............. 1,800,000
1898.
$8,737,166
69,418
1,259,357
419,844
164,416
164,359
15,919
388,151
1897.
$6,318,445
95,823
1,000,548
187,256
73,557
15,838
148,530
$11,218,630
$7,837,997
5,396,863
5,380,729
(5)1,500,000 (5)1,250,000
2,250,000
.......
Balance................................. sr.$l,787,192 sr.$2,071,767 sr.$l,207,268
(3 ) OPERATIONS OP W HOLE SYSTEM.
Year end. June 30,’99. Gross.
Net.
Oth. ine. Tot. net ine.
St. PaulM. & M . Ry.$19,057,814 $8,902,225 $673,825 $9,576,050
Eastern Ry. of Minn.
3,049,482 1,631,649
252,931 1,884,580
Montana Central R y.
1,908,164
743,645
22,530
766,175
WUl. & SiouxFallsRy
919,429
606,810
976
607,785
Dul. Water. A P a c.R y
83,015
42,213
158
42,372
Tot. Ry. ays. proper$25,017,904 $11,926,542 $950,420 $12,876,962
Minneapolis Union.... $231,501
181,321
31
181,352
Minneapolis Western*
100,126
50,372
Dr. 17
50,355
Duluth Terminal.......
33,705
13,500
............
13,500
SS., coal & expr’s cos 2,215,336
565,728
2,367
568,095
Tot. for the system.$27,598,572 $12,737,463 $952,801 $13,690,264
From this last result ($13,690,264) are payable the total interest
charge of all the companies, and the guaranteed dividends on St. Paul
Minneapolis & Manitoba stock, a total t f $5,466,624, leaving a balance
o f $8,223,641, from which have been paid dividends aggregating
$3,851,034 on the stock o f the Great Northern Ry. Co., and $1,800,000
set aside for renewal funds. The balance on the year’s operations on
this comprehensive basis, is $2.572,607.—(Y. 70, p. 1149; V. 71, p.
135.)
G re a t N o r t h e r n R y . o f C a n a d a .—(See M ap.)—Completed in
July, 1900. from Riv-a-piere, on the line of the Quebec & St. John’s
RR., 50 miles from Quebec, to a conn-ction at Hawkesbury with the
Canada-Atlantio RR., 172 miles, with both of which roads it has
twenty-year contracts for interchange of traffic on a mileage basis.
The brioge over the Ottawa River at Hawkesbury will be finished and
road opened for operation by Sept. 1 The sy stem will form a short
through route for ocean-bound freight from Parry Sound to deep water
docks at Quebec. A branch to Montreal, 36 miles, will be completed
in the spring o f 1901.
Sto ck an d B onds .—Stock authorized, common. $4,550,000; deben
ture stojk, $3,000,000; preferied stock. $450.000 Issued Aug. t,
1900, $3,000,000 common stock. Of the $6,000,000 first mortgage 5s,
series A, i-suable at *20.000 per mile of completed road, $3,540,000
are outstanding. and also $500.000, ►erhs B. issued on account of
bridge across the Ottawa River at Hawkesbury. President, Pierre
Gameau; 1st Vice-President, John Sharpies; 2d Vice-President, James
MoNaught, New Y o rk ; 3d Vice-President, H. H. Melville, Boston;
Treas., Ernest E. Ling, New York.—V. 70, p. 280, 945.
G r e e n B a y * W e s t e r n R j .—Road owned from Green B ay, Wis.
to Marshland,Wis., 209 miles; branches, 13 m.; trackage to Winona, 4 m
H is t o r y .—A reorganization June 5,1896 (per plan in V. 61, p. 471),
o f the Green Bay Winona & St. Paul, sold in foreclosure May 12,1896.
S e c u r it ie s .—There are no fixed charges on the property other than
taxes, nor can any be placed thereon, or the property be sold or leased
without consent of 75 per cent of stock. Class A debentures are en
titled to 2*2 per cent interest, if earned, then common stock to 2*2 p c.,
then the two share ratably; but after 5 per cent has been paid on both,
class B bonds are entitled to all surplus earnings. See V. 61, p. 471.
Dividend of 2*2 p. o. was paid on class A Feb., 1898; on Feb. 15, ’99,
2*2 p. c. on series A and also first dividend, l 'a p . c., on com. stock; on
Feb. 1,1900, 2*« p. c. on “ A ” deb. and2*s p, o. on stock.—V. 70, p. 76.
E arns .—Passenger. Freight.
Gross.
Net. Charges. Bal.,sur.
1898-9.......$110,774 $343,719 $459,456 $80,534
........
........
1897-8....... 107,642
327,527 446,342
69,503
........
.........
D ir e c to r s .—8 . S. Palmer,Pres.; Mark T. Cox, Sec. and Treas., 40 Wall
Street, N.Y.; C. Ledyard Blair, J. A. Jordan, W. J. Hunt. (V. 70, p. 76.)
G r e e n e R R . —Owns road from Chenango Forks to Greene, N. Y.,
8 miles. Leased to Delaware Lack.W. for term of charter for 6 per cent
on stock and interest on bonds. Capital stock, $200,000; par, $10.
G u a y a q u il & Q u i t o R y . —V. 69, p. 595,1193; V. 71, p. 135.
G u l f B e a u m o n t * K a n s a s C ity R y . —Beaumont, Tex., to Rogansville, Tex., and branches, 75 miles. Gulf Beaumont & Great
Northern, projected to Waskom, Tex.
Stock, $500,000; par $100;
2d M. $750,OUO authorized in Apr., 1900, to be issued in amount
4,040,000
320,000
Jan. 1, 1950
5 g1900-1905
6
J. & J. N.Y., Central Trust Co.
Feb. 1, ’00,21«
N. Y. of., 40 Wall.
$2,500,000 2*«Fb’00 Feb.
Feb. 1, ’0 0 ,21«
do
do
e o o ,o o o 21 Fb’O
«
O Feb.
do
do
7,000,000
200,000
6
J. & D. D.L.&W.off.26Exch. PI. Jane,1900,3%
Deo. 1, 1902
do
do
200,000
7
J. & D.
Aug. 1, 1913
750,000
6 g- F. & A. Boston, 12 Pearl St.
Aug. 1, 1913
do
do
250.000
F. & A.
6 g.
do
do
See text.
5 g. J. & J.
Jan. 1, 1929
N’ne A p .,’00
6 g. J. & J.
Deo., 1925
In defautt.
829,000
5 g. J. & D.
Manhattan Tr. Co.,N.Y. July 1, 1926
1,050,000
5 g- J. & J.
July 1, 1926
New York.
(1)
5 g. J. & J
450,000
5
A. & O. Boston, N. Y. & London. Oot. 1, 1945
325,000
5 g. J. & J. N. Y., Nat. City Bank. j Jan. 1, 1931
8,000,000
6
M. & S. N.Y.,Bk.ofNo.America. Mob. 1, 1911
Moh. 1, 1911
90,000
6
1,182,550
7
J. & J. Phila., Company’s Office J u ly ,’0 0 ,3i«%
July 1. 1913
do
do
700,000
4
J. & J.
Feb., 1900,1%
Hartford.
2,708,000
2
F &A.31
July 1, 1903
do
700,000
J. & J.
5
1,678,000
6 g. M. & S. N. Y., 120 Broadway. Sept. 1. 1931
See Central of N. J. Apr.10,’00,3%
200,000
A. & O.
6
J0,348,600
12,725,400 3 •« in ’00 J. & J. N.Y., J.P. Morgan & Co July 16, ’00, 2
Oot. 1, 1948
do
do
1,401,000
4 g. A. & O
F. & A. N.-Y.y State Trust Co. Aug. 1, 1905
2,500,000
7
Sept. 1, 1900
do
do
M. & S
600,000
7
May 1, 1910
do
do
M. & N.
1,584,000
7
8,508,000
4*2g. J. & J. Int. from July 1,1899. July 1, 1999
836,000
6 g. Q.—J. N. Y „ Atlantic Trust Co. Apr. 1, 1904
sufficient to discharge all unfunded debt.
In July, 1900, nego
tiations understood to be practically completed for a transfer to the
Atch. Top. &S. Fe.—V. 71, p. 135.
E arnings .—Year ending June 30,1899, gross, $240,022; operating
exnenses, $136,681; net, $103,341; bond interest, $45,000; other in
terest charges, $2,817; taxes, $4,v>67; surplus, $50,557. General
office, 12 Pearl St., Boston.— 69, p. 333, 795; V. 7 1, p. 135.
V.
G u l f & B r a z o s T a lle y R R .-P r o je c t e d to extend from the Red
River, Ter., via Henrietta, Lampasas, etc., to Houston, and from
Lampasas via San Antonio and Eagle Pass into Mexico. In Apr.,
1900, operated from Peck City to Mineral Wells, Mex.. and 30 miles
additional under construction. Stook authorized, $1,000 per mile.
Mortgage authorized to cover 110 miles. In Mar., $110,000 bonds had
been certified by the Texas RR. Commission. Bonds are not subject
to call. President W. A. Squires, Henrietta, Tex.
G u lf & Inter-State R a ilw a y o f T e x a s.—Port Bolivar, on
Galveston Bay, to Beaumont, Texas, 70 miles. Transfer to Galveston
by boat. Improvement & Loan Co., GalvestoD, is mortgage trustee.
Capital stock, as reduced by exchange for bonds in 1898, $71,000.
Jan. 1 to Mar. 30,1900, gross, $39,593. Year ending June : 0, 1899,
gross, $115,931; net, $5,825; charges, $42,455.—V. 70, p. 1249.
G u l f * M a n ito b a R y . —Projected from Duluth, Minn., to Kansas
City, Mo., 700 miles. In Apr., 19 00, obtained permission to increase
stock to $7,000,000. V. 70, p. 531. In June, 1900, made a mortgage
to the Iowa Loan & Trust Co. of Des Moines, la., as trustee, to secure
$21,000,000 five per cent gold bonds ($1,000 each). V. 70, p. 1194.
President, Frank T. Campbell.—V. 70, p. 531,1194.
G u lf * Ship Island. R R .—Road runs from the Gulf at Gulfport
to Jackson, Miss., 156 m iles; branch to Handsboro, 4 miles. In July,
1900, extension from Hattiesburg to Jackson, 85 miles, was com
pleted; also being built Columbia branch, Lumberton to Columbia,
Miss., 49 miles. In June, 1899, purchased Laurel & Northwestern, ex
tending from Laurel to a point near Leaf River, 16 miles, and is extend
ing the line 25 miles westerly to a connection with the main line of the
Gulf & Ship Island. All to be completed by September 1, 1900, the
mileage then to be 250 miles. V. 69, p. 1011.
Capital stock, $1,400,000. Land grant about 150,000 acres
The general mortgage of 1900 will be a first lien on the entire road
except the portion between Gulfport and Hattiesburg, 70 miles, to
which by agreement the first 5s of 1897 are now limited. President,
J. T. Jones; Treasurer, W. W. Bell; Main office, Gulfport, Miss. For
year ending June 30,1899, gross, $243.395: net, $113,413; income from
land sales, etc., $281,150; charges, $52,568; balance, surplus, $341,995. June 30,1899, car trusts, $63,966.—(V. 71,135.)
G uyandot V alley R y .—Under construction from Huntington,
W. Va„ up the Guyai.dot River, 30 miles, to be completed about Aug.
1,1900. President, J. L. Caldwell, Huntington, W. Va.
H a n c o ck & C alum et R R .—Owns narrow-gauge road Hancock
to end of track, Mich., 27 miles ; branches, 8 miles ; total, 35 miles.
Stook $350,000; par $100—$250,000 owned by Mineral Range RR.
D ividends .—In 1892, 2*« p. o.; in 1894,10 p. c.; in 1895,10 p. o in
1896, 5 p. c.; in 1897, Sept., 5 p. o.; in 1898. Nov., 5 p. o. In year 189899, gross, $206,063; net, including other income, $12,195 ; interest,
etc., $23.001; dividends, $17,500; bal., surp., $28,306.
H a n n ib a l & St. Joseph R R . —Owns Hannibal, Mo., to 8t. Jos
eph, Mo., 206 miles ; branches—Cameron to Kansas City, 54 miles ; St.
Joseph to Atchison, Kan.,22 miles; Palmyra to Quincy, 111.,etc.,15 miles,
total operated, 297 miles ; of this 8 miles leased and operated jointly
with other companies. Owns bridge at Kansas City.
S t o c k .— C h ic . Burl. & Quincy owns $14,245,000 stock. Common is
$9,168,700; pref. 7 p. c., non-cum., $5,081,200; par, $100.
D iv ’ d .— ) ’90. ’91. ’92. ’93. ’94. ’95. ’ 96. 6ms.’97. ’ 97-8.98-9.
Com., p.o.. > 0
0 0-7 2-3 2-2
7
0
0
0-95
0
P ref.,p. c.Sabt.2 6-82 7
7 7
7 6 54
3
7
7
See description of mortgage lien in October, 1896, Su ppl e m e n t , p. 2
E arnings.—For year ending June 30,1899, gross, $3,008,602; net,
$881,987; other income, $3,686; interest,, etc., $497.901; dividends,
$442,926; balance, surplus for year, $55,154. In 1897-98, gross, $2,949,159; net, $932,360, sur. for dividends, $453,053.
H a r r im a n & N ortheastern R y .—Harriman to Petros, Tenn.,
22 miles; completed in 1893. Bonds, $300,000, 20 year gold 6s, dated
Dec. 13,1895; Central Trust Co., N. Y., trustee. Pres.. E. R. Chap
man, 80 Broadway, N. Y.; Sec. W. B. Winslow, 253 Broadway, N. Y.
H arrisbu rg P o rtsm o u th M t. J o y * Lancaster R R .—Owns
from Dillerville, Pa., to Harrisburg, Pa., 36 miles; branch, Middletown,
Pa to Columbia, Pa., 18 miles; total operated, 54 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 of organization. Stock, $1,182,550; par $50.
H artfo rd & C onnecticut W e ste rn R y .—Owns from Hartford
Conn.,to Rhineoliff, 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 owned by lessee.
, H en d erson B rid ge Co.—Owns bridge across Ohio R. at Hender
RAILROAD STOCKS AND BONDS
July 1900.]
f 8
INVESTORS’
SUPPLEMENT.
[Y ol . l x
x i.
J u l y , 1900.]
jttAlLKOAD
AKD
BONDS.
6 »
Bond*—
Princi
INTEREST OR DIVIDENDS.
pal,When Due.
Date Size, or Amount
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
Cent. Payable
Whom.
Dividend.
Bonds Value.
RAILROADS.
For explanation of column headings, &c., see notes
on first page of tables.
Hoosac Tunnel dt Wilmington—Stock...................
1st mortgage, $250,000, gold.......................... OB
Hot Springs—Stock, $600,000, authorized..............
1st M., $500,000, g„ $28,000 cancelled by s. f.o*
Houst.East dt West Texas—Stock..................................
1st mortgage, gold, to bo guar., p. & 1. CJn— c*
Housi.dt Tex. O.RR.—State of Tex. pr. lien 1st 75 m.
1st M.l.gr.,g.,red.llO,int.gu., $1,187,000 pd..o*<fcr
Con. M., 1. g., g., red. at 110, int. guar....c*&r—
Gen. M.,gold,lnt.guar.,end.,$8,000 pald.HIpo'&r
Deben., p. and i. gu. So. Pac.. end., currency.c*<fer
New bonds for Waco & N. W., $1,255,000..........
Huntingdon dt Broad Top—Common stock...............
Preferred stock, 7 per cent, non-oumulative........
lstmort., extended in 1890 (int. only in gold)...
2d mort., old 7s, extended in 1895, p. & 1., gold).
3d mortgage, oonsol., ext. in gold in 1895.........c*
Consol, oar trust, $68,000 due Oct. 1 yearly.......
14th ser. car trust, $29,000 yearly Dec. l .P P ,..
Hutchi's’n d So.—1st M., g.,red.l05 aft.1907.OB-0*
t
I llin o is Central—Stock................... ........................
Leased line 4 per cent stock, guar, (see remarks.)
STOCKS
1892
1893
1893
1870
1890
1890
1890
1897
1899
1854
1857
1865
1896
1899
130 1898
old 6s ext. in 1895
1st mort, of Sterling bds. £10,000 drinyrho*
1 8 7 4 fo r Steri, of ’03,
Sterling bonds, due 1905.........
706
$15,000,000 4s of 1886. due 1951, gold....c*
secures all 3*28
equally....... v3s ofof 1886. due 1951, gold..o*
1895, due 1951, gold.c*«&r,
Trust bonds steri, (secured by Ch. St.L.«feN.O.cons.)
1st M ,,8p.Div.ref.m ., (V.66,p. 1237) g.U».xo*«fcr 111
1st M., Middle Dtv.,Otio to Norman Juno. «febrs.r 131
Collateral trust bonds, gold, $.......................o*«fer 857
1875
1874
1875
1886
1886
1895
1886
1897
1881
1888
Deo.30,’99,2%
$250,000 2 in 1899 Deo. 31.
fe
196,000
5 g. M. < S. Bost.,01d Colony Tr.Co. Sept. 1, 1922
6
Mch, ’99 Mer. L. « Tr. Co., Chic. Moh., 1899
600,000
fe
July 1, 1943
472,000
fc
do
do
5 g. J. < J.
1.920.000
M. « N. New York, B lair & Co. May 1, 1933
&
2.700.000
1,000
e® ’
Annually.
Houston, Texas.
1,000
6,777,000
5 g. J. & J. N. Y., Central Trust Co. July 1, 1937
fe
3,335,000
Oct. 1, 1912
do
do
1,000
6 g. A. < O.
Apr. 1, 1921
4,287,000
&
4 g. A. < O.
do
do
1,000
5
Oct. 1. 1902
62,000
A. & O.
do
do
1,000
1930
6
(1)
1,371,750 1 in 1897
50
PhiLOf.,4th«feWalnutSt. Feb. 8,'97,1%
fe
2,000,000 7 in 1900 F. < A.
July 26,1
’00,3*3
50
do
do
fe
416,000
Sept. 30,1920
500
do
do
4 g. A. « O.
fe
367,500
Feb. 1, 1925
500
do
do
4 g. F. « A.
fe
Moh. 31.1925
1,497,000
1,000
do
do
5 g. A. « O.
A. < O. Phila. .Merchants’Trust O ct.l,’00-1906
fe
5
1,000
476,000
4
350,000
J. < D. Penn. Co. for Ins., « e To Deo. 1, ’l l
fc
1,000
fe .
645,000
1,000
&
5 g. J. « J. Atch. off.,59Cedar,N.Y. Jan. 1. 1928
fe
100 60.000,000 See text. M. « S. N. Y., 214 B’way < Lon. 8ep.l,19C0,3*
&
4
100 10,000,000
J. « J. N. Y., 214 B’way < Lon. Jan., ’00. 2%
&
fe
£200
2,500,000
fc
Apr. 1, 1951
London.
4 g. A. < O.
3,300,000
fe
£200
.«fe
5 g. A. < O. London,Morton,C Co. Apr. 1, 1903
£200
1,000,000
fe
do
do
Deo. 1, 1905
5 g. J. « D.
1,000
1,500,000
&
4 g. J. < J. New York, 214 B’dway. Jan. 1, 1951
1,000
2,499,000
fe
3 ifl g. J. « J.
do
do
Jan. 1, 1951
fe
Mar. 1, 1951
£200
£500,000
London.
3 g. M. « S.
£200 $5,266,000
3 is g. J. « J. London, Baring Bros. July 1, 1950
fe
1,000
2,000,000
J. « J. New York, 214 B’dway. Jan. 1, 1951
fe
3hg.
F. « A.
fe
Aug. 1, 1921
1,000
968,000
5
do
do
fe
Apr. 1, 1952
500 « e 15,000,000
fe .
do
do
4 g. A. « O.
$100
1,000
100
1,000
son,Ky., and 10 miles of road. Stock is $1,000,000 (par, $100), of
which the Louisville & Nashville Co. holds $501,000; the Bridge Co.
is guaranteed gross receipts of $200,000 per year by the several roads
using it and dividends of 2 ^ p. o. are paid each F. < A. $373,000
&
bonds in sinking fund in Oct., 1899. For year 1898-9, gross $269.861;
net, $239,726; charges, $177,111; dividends, $50,000. V. 69, p. 336.
H ib e rn ia M in e H R .—Owns from Rookaway, N. J., to Hibernia
(Mines. N. J., 41 m. Leased to Cent, of N. J. in 1890 for $12,000 per an.
«
H o c k in g V alley R ailw ay*—
(See M a p .)—
This company owns
main line from Pomeroy, O., to Walbridge, O., 250 miles, with track
age (Penn. RR. System) Walbridge to Toledo, 6 miles; branches to
Athens, Nelsonville, etc., 73 miles; McArthur Junction to Jackson,
17 miles; total, 346 m.; second track, 25 m.
H istory , «fee.—Successor on Feb. 25,1899, per plan in V. 68, p. 231,
to the Columbus Hook. Valley < Toledo Ry., sold under foreclosure
fc
Feb. 24,1899. V. 68, p. 231, 379. The ooal lands, from which the bulk
of the company’s business is derived, aggregate about 20,975 acres, and
are covered by the new consol, mortgage. In Deo., 1899, acquired
-control of the Toledo < Ohio Central Ry., which w ill, be operated
&
¿separately. See Stock below.
Stock.—There was reserved $5,000.000 each of preferred and com
mon stock to acquire interests in the Toledo & Ohio Central Ry.
and Col. Sand. < H. railw ays.it practicable or desirable. In Dec.,
fc
1899, of this reserved stock there was issued $4,421,600 common and
$4,000,000 preferred stock to acquire the entire issue of $8,421,000
Middle States Construction Co. collateral 3 per cent bonds, secured by
deposit of $4,080,000 common and $1,812,000 preferred stock of the
Toil. < Ohio Cent, Ry. and to be further secured by deposit of $1,815,&
571 additional T. & O. C. common and $1,896,000 preferred stock as
■acquired; for these last $1,270,000 of the $4,421,600 common and $1,327,200 of the $4,000,000 preferred Hock. Val. stock were reserved.
See further particulars, V. 69,1345. The rights of the pref. stook are;
Preferred stock is to be preferred both as to dividends and assets in case
o f liquidation and subject to the statutory right o f the company to redeem tbe
same at par. After 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 o f both stocks.
D ividends .—First on pref., l 1 p. c., Jan. 10,1900; July 16, 2 p. o.—
^
B onds.—The new consols, besides having a lien on the entire prop-
-erty, subject only to $6,977,000 prior bonds, have the benefit of a first
lien on all the ooal lands (from which the bulk of the business is de
rived), estimated at 20,974 acres; $6,977,000 consols are reserved to
retire the existing bonds (these existing bonds, however, may be ex
tended at maturity) and $5,645,000 (estimated) for the acquisition of
new property and betterments, of which $1,000,000 were sold in Aug.,
1899, and $130,000 in June, 1900. V. 70, p. 1291. Substantially all
o f the bonds and stock of the Ohio Land & Ry. Co. and the Wellston
•< Jackson Belt Ry., 18 miles, are deposited under said mortgage. De
&
scription of bonds in V. 68, p. 823.
General F inances.—The estimated annual fixed charges of the
reorganized company are about $750,000 (a reduction of $450,000),
subject to further reduction when and as the 7 per cent bonds matur
ing from 1900 to 1910 are extended at lower rates of interest or re
placed by the new 1st consol. 4^38. The net income, as shown by the
plan (after making proper allowance for depreciation of equipment
and other property), for the years ending June 30 was;
1897-8.
1896-7.
1895-«.
1894-5.
$866.811
$570,678
$932,773
$905,517
The earnings of 1897 were abnormally low owing to competition.
L atest E arnings.—For 11 months ending May 31:
11 mos.—
Gross.
Net.
Charges.
$1,589,737
$777,178
1899-u.....................$3,945,844
Balance.
$950,237
1898-9................... 2.591,370
807,838
...........
...........
A nnual R eport.—Traffic is mostly freight, and 44 per cent of this is
bituminous coal. Average train load is large—in 1899, 522 tons.
First report for four months ending June 30, 1899, in V. 69. p. 848.
Pres., N. Monsarrat; Sec. and Treas., W. N. Cott; General Counsel;
-J. H . Hoyt; Treas.. A. H. Gillard.—(V. 70, p. 1195, 1251.)
.
For year 1898-99, gross, $685,817; net, $241,617; other income,
$3,105; charges, $184,450; bal., sur., $60,272. In 1897-8, gross,
$631,842; net, $179,587; taxes, $16,592. V. 70, p. 381, 686,841.
H o u sto n Sc T e x a s Central R a ilroa d .—( See M ap o f Southern
P acific )—Owns from Houston, Texas, to Denison, Texas, 338 miles,,
Hempstead, Tex., to Austin, Texas, 115 miles ; Bremond to Ross, Tex ,
55 miles (former Waco < Northwestern acquired July 1,1898) ; total
fe
owned, 508 miles. Also operates Fort Worth & New Orl. Ry., Garrett to
Ft. Worth, 40 m,; Cent.Tex.«feN.W.,12m.; Austin«&N.W., 107; other,4 m,
In Mar., 1900, extension reported to be proposed from Wortham west
to Hillsboro, Tex., about 45 miles. V. 68. p. 1024.
H i s t o r y .— Successor A pril 11, 1893, to a ra ilw a y company fore
dosed Sept. 8,1888. Reorganization plan V. 45, p. 792, 820.
B o n d s .— The bonds are being gradually reduoed with proceeds o f
land sales. The fir s t m ortgage was for $8,634,000, of which $570,000
reserved against claim of State of Texas upon 75 miles of the road.
The Southern Paoiflo Company guarantees interest on a ll the bonds
and both principal and int. of debentures of 1897. The fir s t m ortgage
bonds and the consolidated m ortgage bonds may be called for redemp
tion at 110 with proceeds of land sales. See fu ll abstracts of all the
mortgages in V. 52, p. 242. Of the$5,068,000oonsolidated 6s authorized
$1,149,000 (not included 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 $9,598,400; par, $100. As to school fund claim for
$673,100, see V. 64, p. 1137; V. 66, p. 471; Y. 70, p. 686. On Jan.
19,1900, the stockholders authorized the issue of bonds not exceed
ing $25,000 per mile on the Waco < Northwestern Division, aoqulred
fe
in 1898. Y. 70, p. 230, 427.
L a n d s .— The lands June 30,1897, consisted for first mortgage of
2,210,144 acres; oonsol. mortgage, 1,465,958 aores; general mort*
gage, 12,996 acres. Deferred payments were: For 1st mort., $194,288;
consol, mortgage, $160,998; general mort., $1.158. Y. 65, p. 869.
L a t e s t E a r n s .— 11 mos., 7 1899-00.. Gross, $3,632,435; net, $1,030,353
July 1 to May 31.
> 1898-99..Gross, 3,637,744; net, 1,346,462
Fiscal year changed to end June 30. Report for 1898-99 in V.
70, p. 427,showed gross, $3,861,034; net, $1,395,268; other income,
$3,025; total charges, $1,031,830; balance, surplus, $366,463. In
1897-8, gross, $3,164,530; net, $1,036,976.—(V. 70, p. 42 7, 686.)
H u d s o n T u n n e l R y .—Y. 70, p. 996,1149.
H u n tin g d o n Sc B r o a d T o p M t. R R . Sc Coal Co.—Owns from
Huntingdon,
D iv — 88.
On com. 0
On pref. 5
A nnual
Pa., to Mount Dallas, Pa., 45 miles; branches, 18 miles.
’89. ’90. ’91. '92. ’93. ’94. ’95. ’96. ’97. ’98. ’99 1900.
0 0
2 4 5
5 4*2 4 1 0
0
. ...
5 5hi 7 7
7
7 7
7 6
5 51«
7
R e p o r t .— Report for 1899 was given in V. 70, p. 380.
Gross.
N et.
In terest. IH vid’n ds.
B ala n ce.
1899............$624,481 $274,051 $106,190 $140,000 sur. $27,861
1898............ 506,747
230,814
107.260
99,523 sur. 24.031
- (Y . 66, p. 288, 331; V. 69, p. 326; V. 69, p. 905; V. 70, p. 380.)
H u tc h in so n Sc Sou th ern R y . —From Hutchinson, Kan., to
Cross, O. T., 145 miles. 1st mort. 5s subject to call after 10 years to be
issued at not exceeding $5,000 per mile of completed road up to 150 m.
Stock is $2,580,000; par $100. In Nov., 1899, the Atch. Top. < Santa
fe
Fe acquired the entire $2,580,000 stook, the bonds remaining undis
turbed. For year ending June 30,1899 (129 miles), gross, $216,676;
net, $83,482; charges, $57,709—V. 68,p. 371; V. 69 ,p. 955.
Illin o is Centra] R R . —(Bee M a p .)— R o a d .— Operates from Chicago
111., southerly to New Orleans, La., 912 miles, and westerly to Sioux
City, la., 509 miles, with numerous branches. Its road, clearly shown
on the accompanying map, is made up as follows : Ofwhioh see.)
R oad owned in fe e .
M iles.
L eased.
M iles.
Louisv. Br. from L. « N ......
fe
46
Chicago to Cairo, H I.. (
)
Oentralia, 111., to East <
>706 Chicago < Texas (Sept.’97.... 80
fe
Dubuque, la .......... ( 8tem- ^
Total system June 30, *99. .4,648
Dubuque < ’Sioux City H...... 600
fc
O f w hich ea rn s, k ep t separate —
Leaded.— C ontrol ow ned.
Yazoo « Miss. Vali. RR........ 969
fe
Chicago St. L. & N. O. RR.
Cairo, 111., to New Orleans. 547
H o o sa c T u n n e l Sc W ilm in g t o n R R . —Narrow gauge .—
Total included in earns.
Line to Louisville, etc. . . . } QQft
Owns road from Hoosac Tunnel, Mass., to Wilmington, V t., 24*2 miles.
July 1, 1899..............3,679
(C. O. &S, W .& b r’ches).. {
Bills payable June 30, 1899, $54,649. Bonds in treasury, $54,000.
Also controls—
139
Earnings for year 1898-^9, gross, $56,616; net, $17,856; charges, Evansv. Line (Ohio Val. RR. 100 St. Louis Ind. & Eastern—
Mem., Ten., to Grenada,Miss.
$11,614; dividends (2 p. c.), $5,000. In 1894-95 dividends, 1 p. o.; in Yazoo < Mississippi Val. RR.
fc
Switz City to Effingh’m, HI. 90
1896,1 p. c.; in 1897 to 1899, inclusive, 2 p. c. yearly.
if Memphis to N. O. and brs. 969 Springfield to Glen Carbon.. 102
H o t Springs R R .—Road from Malvern to Hot Springs, Ark., 22 St. Louis Alton < Terre H.1T- 239 Ft. Dodge, la ., to Co. Bluffs.. 130
&
miles, opened in 1875. Mortgage trustee, Merchants’ L. & T. Co.,
E n tire stock owned.
Mattoon < Evansville RR.... 130
fc
•Chicago. Year ending Dec. 31, 1898, gross, $157,902; net, $48,629; Branches............................... 827
interest, $23,800; bal., sur., $24,829. Accumulated surplus used in
The Illinois Central earnings have never included the results on the
paying dividend for 1898. In 1897 gross, $140,055.
bulk of the Yazoo < Mississippi Valley Ry. (these being reported separ
fc
H o u s to n B ast Sc W e st T ex a s R y .—Owns from Houston, Texas, ately (as below), and on July 1,1898, the 140 miles which had been
to Sabine River at Logansport, 192 miles, where it connects vrith the included were omitted, reducing the mileage included in the earnings
Houston < Shreveport RR., Logansport to Shreveport, 40 miles. In of the Illinois Central to 3,668 miles. See V. 67, p. 581. Mileage July
fe
A pril, 1900, Southern Paoiflo interests had acquired practically all 1,1899, as above.
the stock.—V. 70, p. 381, 686; V. 68, p. 823. Reorganized in 1896,
On Dec. 1,1899, took over portion of St. Louis Peoria < Northern
fe
without foreclosure. Bond issue limited to $3,000,000. Stock out Ry. from Springfield to Glen Carbon, 85 miles, w ith trackage to St.
standing, $1,920,000 In April, 1900, the Southern Pacific Co. offered Louis, 17 miles, this furnishing the direct line desired from Chioago to
to guarantee the bonds, principal and interest, by indorsement, the St. Louis. V. 69, p. 1148. The Fort Dodge < Omaha RR. extension,
fc
' Southern Pacific to have the right to redeem the bonds at 105 and in Tara Station, near Fort Dodge, la., to Council Bluffs, la., 130 miles,
terest at any time on six months’ notice. See guaranty, V. 70, p. 841.
was purchased by the Dubuque < Sioux City RR. on June 16 1900,
fc
70
INVESTORS’
SUPPLEMENT.
[V ol . L X X L
ILLINOIS CENTRAL
° ° SY ST E M .
RAILROAD
J u l y , 19C0.J
STOCKS
AND
71
BONDS.
Mnbtcriber« w ill confer a great fa v or by g iv in g Im m ed iate n otice o f a n y error discovered In these T a b les.
RAILROADS.
on first page of tables.
Bonds—
Prmci INTEREST OR DIVIDENDS.
Miles Date Size, or
pal.WhenDue.
Amount
of
of
Par Outstanding Rate Per When Where Payable, and bj Stocks—Last
Road. Bonds Value.
Cent. Payable
Whom.
Dividends.
Illin o is C entral—(C onclu ded )—
Western Ünes, 1st M., g., (Dubuque west’y.).c*&r
St. L. D ir. & Term’l MT, $10,000,000, g .li*.x c “< r
fe
Do $5,»>00,000(SeeV. 65, p. 1173),g.,Ua.x.o\fcr
Louisv. Div. A Term. M.. $25,000,000, g. C s.xc* * r
J
Chicago St. Louis A New Orleans, 2d mortgage..
( Consol. M. ($18,000,000), gold, int. guar.e*&r
( Do guar. p. & 1...............................................
Memphis Div. 1st M., gold, guar. p. <fci. (end.) .e*
Underlying fit. Louis Div. A Terminal bonds.
798
218
^239
535
567
567
567
100
1890 $1,000 $3,000,000
1892 500 Ac. 25,000,000
1894 1,000
5,425,000
) 1897 50Ó Ac. 8,354,000
(1897 1,000
4,939,925
1897 500 Ac. 21,388,000
1877
80,Ok0
1881 1,000 a l l , 289,000
1897 1,000
1,359,000
1889 1,000
3,500,000
4 g. J. A D. New York, 214 B’dway.
do
4 g. M. A N.
do
do
do
4 g. F. A A.
do
3hîg. J. A J.
do
do
do
3 g. J. A J.
do
do
3^2 g. J. A J.
6
J. A D.
do
do
do
do
5 g. J/j AD/j
do
3!ag. J ij& D rj
do
do
do
4 g. J. A D.
St. Louis Alton & T. H.—Stock (not held by Illin ois Central).
80.100
100
214
Bellev.A Carondelet, 1st M.,Belle,to E.C. ,gold. c’
17 1883 1,000
470,000
6 gBellev. & El Dor., 1st M. (I.O.owns $100,000)o*
51 1880 1,000
88,000
7
8t. Louis Southern., 1st mort., gold............... o*
30 1886 1,000
538,000
4 g.
Oarbondale A Shawneetown 1st M., gold...c*
17 1887 1,000
241,000
4 g.
Iowa Palls A Sioux City—See statement of Dub uque A Siou x City.
1,824,000
tn d .u ec. a W est — } red 110 £ guar< p & i (end>)0* 1 230 51895 1,000
*•» l not guaranteed....
5 g.
m a D ee A west.— i ls t
(1895 1,000
933,000
5 gCar trusts......... ........... .'................................. .
1898 1,000
319.000
Indiana Illinois A Iowa—Stock, $6,000,000 .........
....
100
5,*00,000 Text.
1st mortgage, $3,000.000, gold, red. at llO .Co.o* 152 1898 1,000
3,000,000
5 g_ 1900
New mortgage, $12.000,000. ......... ..................
5
See text.
Indianapolis un.—1st M., g„ s. f. not subj.to oall.o*
93 1886 1,000
954,000
4*ag.
Indianapolis A Vincennes—1st M.,guar.p.&i. (end.)c 133 1867 1,000
1,700,000
7
a In addition $5,266,000 consol. 5s are pledged to secure 1 1inois Ce ntral collate ral trust
1
and leased to the 111. Central. V. 70, p. 1249. In June, 1900, various
branches of Yazoo A Miss. Val., aggregating about 100 miles had been
recently completed, and one from Grenada to Parson 16 miles, was
under construction.
In July, 1900, the Mattoon & Evansville RR. was incorporated by
officials of the Illinois Central to take over the 100 miles in Illinois of
the Evansville division of the Peoria Decatur & Evansville, extending
from the State line to Mattoon, and it is understood the whole division,
including the remaining 30 miles, w ill be virtually merged in the Illi
nois Central. No disposition of the Peoria division has yet been an
nounced.—V. 71, p. 135.
History , Leases, Ac.—Chartered in December, 1850. The company
pays to the State of Illinois 7 per cent (in 1899, $667,423) of gross
of the 706 miles owned in fee yearly in lieu of taxes. The Chicago St. L.
& N. O. is leased for 400 years from July 1,1882, at 4per cent per annum
on its $10,000,000 stock deposited to secure the leased line stock.
In 1892 practically all the stock and bonds of thè Louisv. New Orleans
& Texas were acquired, and the company merged in the Yazoo A
Mississippi Valley. A lease of the St. Louis Alton A Terre Haute sys
tem was taken in April, 1896. V. 62, p. 636, 684. In May, 1897, the
Chesapeake Ohio & Southwestern and allied lines were merged in
the Chicago St. Louis & New Orleans, forming the Louisville Division.
Capital Stock .—The leased line stock is secured by deposit of
$10,000,000 Chicago St. Louis & New Orleans stock, and in case of
default for sixty days in the payment of any semi-annual dividend of 2
per cent, the stockholder is entitled to his share of the stock pledged.
Authorized capital stock increased from $50.000,000 to $60,000,000
in November, 1895; of the $10,000,0 0 increased stock $2,500,000
was issued at once and $7,500,000 in July, 1899. V. 69, p. 594, 645.
D ividends . 1885. ) »86. ’87. '88. ’89. ’90. ’91 to ’99. 1900.
Oommonstock.8 p.c. 5 7*2
7
7 5V
6 5 y’rly.
Below.
In 1900, Mar., 2*a p. o.; Sept., 3 p. c. (V. 71, p. 135.)
B onds.—Main Line $15,000,000 mortgage of 1874 covers property
described in V. 63, p. 76. Cairo bridge bonds are secured by deposit
of a like amount of Chicago St. Louis A New Orleans 1st M. Cairo Bridge
5s. The rental for the bridge is $180,000 in gold annually, of which
$30,000 goes to a contingent and sinking fund fill 1902, then $20,000
to regular sinking fund. See adv. in Chronicle , Mav 7,189*1.
The trust bonds of 1886 are secured by deposit of $5,266,000 Chicago
St. L. & N. O. consols of ’81, and are to be included in any new mortg
The collateral trust bonds o f 1952 are secured by pledge with the U. 8
Trust Co. of New York of $16,350,000 5 per cent 1st mortgage gold
bonds of subsidiary railroads covering 854 miles. See list, V. 55, p. 550.
The $25,000,000 collateral trust bonds o f 1953 were issued on pledge
of the securities of the Louisv. N. O. & Texas (now Yazoo A Mississippi
Valley RR.) purchased in 1892. Trustee of deed, U. 8. Trust Com
pany. A ll the $16,900,000 L. N. O. & T. 1st mortgage bonds, except
$68,000, all the $9,104,000 mortgage incomes and all but $96.000 of
the $10,000,000 land grant income bonds were owned by the Illinois
Central July 1,1899, and pledged to secure this loan. See adv. Chron
icle , June 11,1892, and V. 54, p. 964 ; V. 61, p. 112.
For the Chicago St. Louis A New Orleans the lessee guarantees the
principal and interest of all the outstanding bonds prior to the 5s of
1881, and by an endorsement on the latter bonds guarantees the
payment of the interest on the same until the principal is paid. Of
these consol. 5s $5,266,000 additional to the amount outstanding above
are pleged as security for the Illinois Central trust bonds of 1886. The
3*28 of 1897 are guaranteed, p. < i., by endorsement—see form of guar
&
anty in V. 65, p. 1071. Illinois Central owns entire $10.000,000 cap
ital stock of C. St. L. & N. O., which is held in trust for the IÙ. Central
leased line 4 per cent stock. (V. 65, p. 1071.)
The Western Lines loan of 1894 is for $10,000,000, but $4,575,000
bonds can be issued only when the road from Iowa Falls to Sioux City,
184 miles, now subject to $2,800,000 of Iowa Falls A Sioux City bonds
(see Dubuque A Sioux City RR.) due in 1917. shall be transferred to
the trustee without encumbrance. Trustee, United States Trust Co.
See Supplement of Jan., 1899.
The St. Louis Divisional A Terminal bonds are for $15,000,000
Authorized, of which $5,000,000 are three per cents; $3,500,000
were issuable for improvements, equipment, etc., and $1,499,000 are
held to retire $1,400,000 underlying bonds still outstanding on the St.
Louis Alton & T. H. system; see table above. See abstract of mort
gage in V. 66, p. 138. See also V. 66, p. 133. For year 1898-99
£t. Louis Division earned: Gross, $1,618,515; net, $559,983; paid
rentals and interest, $450,787; bai., surplus, $109,196. V. 67, p. 58 J.
Louisville Division A Terminal mort. is for $25,000,000. Of the loan
$1,112,000 are reserved to purchase the 46 miles (Cecilia branch) from
Louisville & Nashville and to retire the L. & N. bonds thereon; $2,500,000 for new acquisitions, additions or extensions. The Chicago
St. Louis A New Orleans, which took title to the Louisville Division,
joins in making the mortgage securing the loan. See V. 66, p. 136,
for abstract. See also SuPP. of Jan., 1899. (V. 65, p. 367,516; V.
66, p. 133; V. 67 p. 581.)
General F inances.—In 1899 sold the remaining $7,500,000 of the
$60,000,000 of authorized capital stock.— 69, p. 594, 645.
V.
The Fort Dodge & Omaha RR., 130 miles, was opened Nov. 1,1899.
V. 67, p. 956; V. 69, p. 130, 595,1011; V. 70, p. 1 2 4 9 .
E arnings.—11 mos., ( 1899-1900.Gross, $29,840,208; net, $9,099,865
July 1 to May 31. ) 1898-1899.Gross, 25,785,895;net, 7.915,552
Mileage operated 3,995 ia 1899-1900, against 3,671 in 1898-9.
J.
J.
J.
M.
M.
A
A
A
A
A
J.
D.
J.
S.
S.
do
do
do
do
do
do
do
do
do
do
Dec. 1, 1950
Nov. 1, 1953
Aug. 1, 1951
July 1, 1951
July 1, 1951
July 1, 1953
Dec. 1, 1907
June15,1951
June 15,1951
Dec. 1, 1951
July, ’00,1*8%
June 1, 1923
July 1, 1910
Sept. 1, 1931
Mch. 1, 1932
J. A J. N. Y., Central Trust Co. Jan. 1, 1935
J. A J.
do
do
Jan. 1, 1935
July 2, ’00,1
Q.-J .
A. A O. N. Y., Cont’l Trust Co. Oct. 1. 1948
1950
M. A N. Phila., Fidelity Trust. May 1, 1926
F. A A. N. Y., Farm. L. A Tr. Co. Feb. 1, 1908
bonds of 1886.
A nnual R e p o r t .—Fiscal year ends June 30. Annual meeting is held
at Chicago the third Wednesday in September. Adva nee statement for
1899-0 was in V. 71. p. 133. Report for 1898-99 was published at
length in V. 69, p. 589, 594. See also editorial, p. 570. The follow
ing does not include Yazoo & Mississippi Valley—which see below, but
does include the St. L. Alton A T. H.
T ear en ding June 30—
1900.
1899.
1898.
3,845
3,679
Miles operated........................
3,808
$5,103,812
Passenger earnings.............)
l $5,409,538
Freight earnings....................£$32,441,880 < 19,251,344 18,918,729
Mail, express A mise’U’neous)
t
3,453,808
3,295,279
Total earnings.................. $32,441,880 $2«,114,690 $27,317,820
Operating expenses.................$22,870,944 $19,652,262 $18,655,470
P. ct. op. expen. to gross earns (70*50)
(69*58)
(68*29)
$8,552,428 $8,662,350
diet earnings......................... ..'$9,570,936
Net rec’pts from interest, Aol ; „ A7, fin, ( 2,547,658
2,177,064
33,420
59,305
Miscellaneous....................... 5
Total receipts.....................$11,646,540 $1 l,i:-*3,506 $10,898,719
Interest on 111. Central b’ds j
| $2,902,465 $2,993,545
Int. on Chi. St. L. AN. O.b’ds |
| 2,361,874
2,139,660
Rental Dub. A Sioux C. RR. } $6,246,540 (
•
981,646
793,453
Net rental St. L. A. & T. H.
|
506,020
533,406
Miscellaneous.................... )
[
50,000
*947,452
Divid’ds on HI.Central stock.(5*a)3300,000 (5)2,812.500 (5)2,625,000
Balance, surplus
$2,100,000 1T$1,519,001
$866,203
‘ Includes $501,452 additions to insurance fund and $396,000 fund
for air-brakes and couplers from July 1,1898, to Deo. 31,1899.
IT Includes $1,475,040 betterments, against $829,000 in 1897-8.
Y azo o & M ississippi V a l l e y —Results on 955 miles in 1898-9; 807
miles in lo97-v
Tear—
Cross.
Vet.
Other in c. In terest, etc. B al. su r.
1898-99....$4,576,350 $1,257,334
$267
$916,6«0
$340.921
1897-98.... 4.775,648 1,569,028
206
785,203 784,031
—(V. 70, p. 230, 280, 532, 583,1249; V. 71, p. 133, 135.)
Illin o is S o u th ern R jr.-O w n s Chester 111., to Salem, 111., 91 m.,
and Sparta to Rosborougb, 5m.: total, 96m. Successor June 1, i 900,
of the Centralia A Chester RR., foreclosed. V. 70, p. 1048; V. 71, p.
29. Stock, $2,000,000, all issued. Bonds authorized, $2,000,000 50year 4s. President, C. H. Bosworth; Auditor, C. F. Weinlanb. Office,
204 Oearborn St., Chicago, III. For year ending .Tune 3 0 ,1899, gross,
$90,04 : deficit under operating expense1, $23,488. In 1897-98,
»
gross, $63,671; deficit, $30,213.—V. 70, p. 995,1048,1095; V. 71, p .29,
In d ia n a D ecatur Sc W e ste rn Fty. (See M ap C incin nati H am
ilton A Dalton).—Indianapolis, Ind., to Decatur, 111., 152 miles. The
Chicago A Ohio River RR., Sidell to West Liberty. 78 miles, was ac
quired in 1899 and is operated as the Ohio River division; trackage,~
West Liberty to Olney, 8 miles; total, 238 miles.—V. 68, p.523. Suc
cessor in 1894 of Indianapolis Decatur & Western, foreclosed.—V. 61,
p. 1064; V. 64, p. 41, 953; V. 65, p. 27.
Sto c k and B onds .—Stock, $912,000 common and $912,000 preferred,
all owned by Cin. Ham. & Day. interests. V. 61, p. 1064.
The first mortgage of 1895 is authorized at $12,000 per mile for
additional road built or acquired; the bonds are redeemable by lot at
110, at anytime on eight weeks notice; mortgage trustee. Central
Trust Co., N. Y., and Augustus L. Mason of Indiana. Of the bonds,
$933,000, issued in payment of the Ohio River division, are guaranteed
principal and interest, by the Cincinnati Ham. A Dayton. V. 69, p. 795.
D ividends .—In 1897 to 1899, incl., 3 p. o. yearly paid on preferred.
A nnual R eport .—Report for 1898 99 was in V. 69, p. 952.
r
Se3a «"»■
SS£
1898-99..$523,599 $374,85* $148,745 $105,713 $27.360 $15.672
1897-98..$481.701 353,282
128,419
91,200 27,360
9.8591
Prest.,M. D. Woodford; Vice-Pres., Hy. F. Shoemaker.—V. 69, p. 9 5 2 .
In d ia n a Illin o is Sc Io w a I IR . —Owns from Streator, 111., to
South Bend, Ind., 152 miles; Streator to East Clinton, 111., 102 miles,
under construction, to be completed in 1900, of which Streator to
Ladd, 42 miles, is Streator & Clinton RR. (entire stock owned) and
Ladd to East Clinton, 60 miles, is C. B. & Q. trackage; also leases for
50 years from Feb. 23,1900, the St. Joseph South Bend A Southern
RR., South Bend, Ind., to St. Joseph, Mich., 39 miles; total to be oper
ated on completion of East Clinton line, 293 miles, whereupon trac kage between Kankakee and Seneca, 38 miles, w ill be discontinued.
St o c k .—In June, 1899, the stockholders authorized the increase of
the stock from $4,000,000 to $6,000,000.
Dividends .—I n 1899, Oct., 1 p. o.; in 1900, Jan., 1 p. c.; Apr,, 1 p. c.;
July 1 p. c.
B onds .—Of the new $3,000,000 5s, the remaining $500,000 were is
sued in 1899 for the extension from Streator to the Illinois River;
about 35 miles. Bondholders elect two directors. V. 67, p. 578, 634.
On July 24 the stockholders voted to purchase the Streator A Clinton
and to authorize a consolMated mortgage not to exceed $ 12,000,000,
maturing 1950, with interest not exceeding 5 per ct.—V. 70, p. 1291.
73
IN VESTOES"
SUPPLEM ENT
[V o l . L X X I.
Subscribers w i ll con fer a great fa v or by g iv in g im m ed ia te notice o f a n y error discovered, in these T a b les.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or Amount
Pár Outstanding Rate per When Where Payable, and by ¿Hocks—Last
of
For explanation of column headings, &c., see notes of
Dividend.
Wnoml
Cent. Payable
Road. Bonds Value.
on first page of tables.
M. A N. N .Y ., office, 195 B’way. Nov. 1, 1919
776 1879 $500Ac. $7,954,000
In tern ation a l A Great N orthern —1st mort., gold—
* g- M. A S. N. Y ., office, 195 B’way. Sept. 1, 1909
2d mortgage, gold........................ ..................... o* 776 1881 500 Ac. 7.051.000
a g‘ M. A S.
Sept. 1, 1921
See remarks.
8d m. (S3¡000,000) (formerly incomes), g.........o" 776 1892 500 Ac. 2,727,644
198.000
1880 1,000
7 g' M. A N. N.Y., office, 195 B’way. May 1, 1920
Colorado Bridge bonds, sinking fund....................
£10 £1,700,000
In terocea n ic B y. o f M exico —Ord. shs., £1,700,000.
10
1,000,000
Preferred stock, 7 per cent, cum., £1,000,000...
Mch. 31,1912
50 Ac
400.000
5
J. & J.
Pr. lien deb., sub), to call at par aft. Mch. 1, ’97. . . . . . . . .
Sept. 15,1950
London.
599,886
4
MAS 15
Four p. o. deb. stbok, sub. call, par, £1,150,000. ••••
Sept. 15,1950
""ÍÓ
do
735,392 5*4 in ’99
Deb. stock, 7% “A,” subj. to call, 110, non-cum..
Sept. 15,1950
10
469,459
Deb. stock, 7% “B,” subj. to call. 120, non-cum..
100
8,488,700
Iow a Gent.—Common stock, $11,000,000 auth......
100
5,670,486 3 in 1899 M. A S. N. Y. office, 20 Broad St. Mar. 1, ’00,15«
Preferred stock, $7,400,000, 5 p. e., non-cum—
June 1, 1938
6.900.000
1st M., for $7,650,000; $15,000 per mile, gold, .c* 503 1888 1,000
s « . J. A D. N. Y., Mercantile Tr. Co. June 1, 1925
591.000
1885 1,000
6 g. J. A D. N. Y ., Central Trust Co.
Keithsburg Bridge 1st M., g., guar., red. at par.c*
July IO, 1801
Boston.
100
600.000
yearly.
20
Iron R ailw ay—Stock............................................. ..
100
1.500.000
J ackson ville A St. L ou is—Stock Trust Certificates.!
July 1, 1010
See text.
300.000
J. A J.
54 188Ò 1,000
Jacksonv. Southeast. 1st M., Jack, to Litchfield..
350.000
A. A O. Phila.,Penn.Co.for Ins, Oct. 1, 1925
1st consol, mortgage, $650,000, gold......... PPo* 112 1896
Jan. 1, 1935
1896
1 * J. A J.
1.582.000
Income M, gold, non-cumulative, $1,650,000.PP 112
1894 1,000
500.000
J. A J. N.Y., 32 Liberty Street. July 1, 1939
J ackson ville Ter. B y.—1st M., $500,000, g.,guar.c*
N. Y ., Contin. Trust Co. Nov. 15,1998
1,000
250.000
Jam estow n A Chautauqua —1st M., $250.000. Oo.c.*
30 1898
f l : M. A N.
300.000 41 A 6 J. A J. Phila., Fidelity Tr. Co. July 1, 1927
«
8 1867 1,000
Jefferson —1st A 2d Ms,ext. in ’87A’89 (H’daleBr.)o
Jan. 1. 1909
N.Y., Erie KR.
2.800.000
A. A O.
37 1889 1,000
1st M. Carbondaleto S. depot, gold, guar. p. & i ..o*
800.000
? “• J. A J. N. Y ., Farm. L. A Tr. Co. July 10,1907
45 1877 1,000
Joliet A N orthern In d ia n a —1st M. gu. p. A l. M. C.c
1,000
425.000
4% J. A J. Phila., Broad St. Sta. July 1, 1907
Junction (P h ilad elphia)—l e t m., guar. p.Ai. (ext’d). 3-56 1882
Apr. 1, 1900
do
do
300.000
A. A O.
6
2d mortgage, guaranteed prin. & in t.................... 3-56 1865 1,000
1,000
2.469.000
4 g. A. A O. N. Y ., Central Tr. Co. Apr. 1, 1990
K anaw .A M ich.—1st M., $15,000p.m.,g.,gu. p.& i.e ’ 164 1890
2.050.000
J. A J. Boston, Of., 50 State St. July 1, 1916
6
10 1886 1,000
K ansas C ity B elt—l e t ($534,000 gu. K.C.F.S.AM.).c*
1,000
3.192.000
K ansas O ityO linton A S pring.—1st M., g., guar..c* 174 1885
5 g. A. A O. Boston, Meroh. Nat. Bk. Oct. 1, 1925
Oct., 1907
do
do
500
58,000
1877
7 g. A. A O.
Pleasant H ill A De Soto 1st mortgage, gold.......
Boston, Of., 50 State St. Feb. 16.1891
100
9.898.000
K ansas City Ft. Scott A M em phis—Stock..................
Feb. 15,’00,5%
do
do
100
2.750.000
....
Preferred stock contracts, 8 per cent.................. . . . .
E arnings .—For 11 months, July 1 to May 31:
11 m os.
G ross.
N et.
C harges. B a l., su rplu s.
$337,009
$187,685
$149,324
18991900........ $1,029,298
1898-1899........
817,582
325,908
...........
...........
E arnings.—Report for year ending June 30, ’99, was in V. 69, p. 953,
showing: gross, $902,305; net, $340.210; other income, $1,565; in
terest, taxes, rentals, $163,777; improvements, equip’t., etc..$41.193,
balance, surplus for year, $136,804. In 1897-8, gross, $820,384;
net, $263,892—(V. 69, p. 27, »53; V. 70, p. 480,1291; V. 71, p. 84.)
In d ia n a Sc L a k e M ic h ig a n .—See St. Joseph South Bend & So.
In d ia n a p o lis U n io n R y .—Owns 3 miles of track, ‘93 of a mile
of road, with terminals at Indianapolis, Ind., and leases for 999 years
the Belt RR. of Indianapolis—12*3 miles (which see).
Formed in 1850 and furnishes terminal facilities to the several
railroads entering Indianapolis. Capital —The Cleveland Cincinnati
Chicago A St. Lotus, the Pittsburg Cincinnati Chicago A St. Louis and
the Terre Haute A Indianapolis are virtual proprietors, they having in
vested in it $859,175 to June 30,1898. No stock outstanding. B onds.
—Trustee of mortgage is the Fidelity Ins. Trust A Safe Deposit Co. of
Philadelphia. Bonds for $46,000 have been canceled by sinking fund.
For year ending June 30,1899, gross, $568,218; net, $230,697; other
income, $15,855; charges, $164,372; balance, surplus, $82,180. In
1897-8, gross, $530,393; net, $159,760; other income, $9,749.
In d ia n a p o lis & V in cen n es R R .—Owns from Indianapolis, Ind.
to Vincennes, 117 miles; branches, Bushrod to Dugger, etc., 16 miles.
Securities.—Stock, $1,402,000; par, $50; of which Pennsylvania
Company on Jan. 1 1900, owned $1,401,900. The $1,400,000 guaran
teed 2d mortgage 6s were paid by the Penn. RR. at maturity, May 1,
1900. V. 70, p.739.
B alance.
~
N et.
In terest, etc.
Y 'ren d .D ecjr. Gross.
$114,029
$203,000
def. $*8,971
1899............... $595,051
def. 101,991
107,330
209,321
1898............... 535,543
—V. 70, p. 739.
In tern a tio n a l Sc Great N orthern R R . (See M ap M issou ri Par
c iflr) .—Longview on Tex.& Pac. (near Shreveport, La.,) southwesterly
to Houston and Galveston, also to Laredo, Tex., on Mex. National RR.
M iles.
L ines owned —
M iles. L in es Operated —
Galveston, Houston A Hen.
Longview, Tex., to Laredo,
(jointly with M. K. A T )...... 50
Tex........................................ 496
Palestine to Houston, Tex...... 151 Other lines.............................. 26
M i n e o la , Columbia, eto., ,
Total system..........................825
branches................................ 102
In June, 1900, extensions from Calvert, Tex., to Marlin, about 28
miles, and one from Lewis Switch to Bryan, 27 miles, were under
construction.
Organization .—Reorganized without foreclosure in 1892 under plan
in V. 54, p. 203, 366. Stock authorized is $25,000,000; outstanding,
$9,755,000; par, $100; controlled in interest of Missouri Pacific.
B onds.—The second m ortgage interest, scaled to 4*2 per cent, until and
including Sept. 1,1897, is now 5 per cent; but in case of default the
rate reverts to 6 p. c. as formerly. On Deo. 31, 1899, car-trust obli
gations, $239,726; 2d mortgage 8 p. o. income 5s (unexchanged), due
Sept. 1,1909, $3,000.
E arnings.—Jan. 1 to June 30, gross, $1,713,325 in 1900; in 1899,
$1,769,640.
—
■
N et.
O ther in c. C harges.
B alance.
Y ear.
Gross.
1899......... $4,177,808 $1,157,868 $4,977 *$1,128,223 sur.$34,622
1,868 1,156,700 sur. 46,523
1898.......... 3,990,855 1,201,355
981,829
6,215 1,023,153 def. 35,109
1897.......... 3,657,336
* Charges in 1899 above include $164,311 equipment notes paid off.
-(V . 63;p. 647; V. 66, p. 471; V. 70, p. 737.)
In terocea n ic R y . o f M e x ic o , L im .—See Apr., 1900, Suff .
I o w a Central R y .—Operates from Peoria, 111., westerly to Oska
loosa, la., thence northerly to Manly Junction, la., and branches, viz.
L eases —
M iles
Owns—
M iles.
Iowa June.,111., to Miss. River. 89 Keithsburg Bridge over Miss.. 2*2
Miss. River to Oskaloosa, la ... 95 Track, Iowa Junot’n to Peoria. 3*2
Albia to Manly Junction.........178
Total of all.............................513
Branches to Belmond,eto........145
The Iowa Central A Western RR. was incorporated in October, 1898,
in the interest of the Iowa Central, for the purpose of future exten
sions. Under this charter the line from Belmondto Algona, 37 miles,
has been operated from January, 1900.
H istory .—Reorganization (by plan in V. 44, p. 653) of the Central.
Iowa sold in foreclosure in 1887-88. In June, 1900, Minneapolis A St.
Louis interests obtained control through purohaseof the common stock
and the two properties w ill be operated in close connection, but not
merged.—Y. 70, p. 1249.
Capital Stock .—The preferred is entitled to 5 per cent (non-cumu
lative), then common to 5, then both share pro rata.—(Y. 62, p. 548.)
D ividends .—On preferred stock in 1892 paid 1 per cent; in 1899,
March, Ha p. c .; Sept., 1*2 p. o ; in 1900, March, 1*2 p. o.
B onds.—Mortgage trustee Mercantile Trust Co.; abstract Y. 49, p. 582.
E arnings .—11 mos., ) 1900........ Gross, $2,154,786; net, $588,474
July 1 to May 31. $1899........ Gross, 1,945,307; net, 564,892
A nnual R eport .— Fiscal year ends June 30 ; report for 1898-99 was
In V. 69, p. 849. Soft coal tonnage in year 1898-99 was 730,360 (47
p. o. of total tonnage); 1897-98 was 670,850 tons; in 1896-97 was
611,796 tons. Ton-mile rate in 1898-99 was 0-82 cents, against 0-94
cents in 1897-98; train load 1896-97,173 tons.
Y ear en ding Jun e 30.
1899.
1898.
1897.
1896.
Av’ge miles of road oper. 513
509
509
499
Gross earnings................$2,120,575 $1,868,349 $1,564,205 $1,839,708
STet earnings (over taxes)
559,719 531,541
400,561
617,385
Tot. net rec’ts (inol.rents)
574,694 543,318
408,348
631,721
interest, rentals, Ac........ 387,207
375,892
374,792 373,163
Improvements ................................
61,948
30,054
80,238
...........
Dividends on preferred. (1*2)85,005
— ............. ...........
Balance, surplus....... $102,482 $105,478
$3,502 $178,320
President (June, 1900), Edwin Hawley.—(V. 69, p. 491, 849, 1346;
V. 70, p. 1249.)
Ir o n R a ilw a y ,—Owns road, Ironton, O., to Centre, O.. 13 miles
and branches, 7 miles. Dividend in 1891,1*2 per cent. No funded
debt. BUls payable, June 80,1897, $30,200. In year ending June 30,
1899, gross, $51,204; def. under operating, $7,946.
J a ck so n v ille Sc i t. L o u is R y .—Owns Jacksonville to Centralia,
111., 112 miles. A reorganization July 1,1896, of the Jacksonville Louis
ville A St. Louis RR., oreolosed June 10, 1896. Voting trustees,
Robt. F. Kennedy anu J. H. Dunn, etc., see V. 63, p. 30. The
first consol, bonds msy be increased to $650,000, but only to take
up the Jacksonville Southeastern bonds. For the year 1898-99,
gross, $182,781; net, $41,307; charges, $50,807.—V. 63,p. 30, 880.
J a ck so n v ille & So u th w estern R R .—Jacksonville to Newberry
Fla., 88 miles, operated July, 1900; extension, Newberry to Manatee
Springs, Suwanee River, 20 miles, almost completed June, 1900. In
July, 1899, bonds had been taken by officials and immediate friends.
V. 69, p. 80. President, J. M. Barnett, Grand Rapids, Mich.; Sec.,
A. G. Cummer, Jacksonville, Fla.; Treasurer, H. J. Hollister, Grand
Rapids, Mich.— 69, p. 80,180; V. 70, p. 1195.
V.
J ack so n ville T a m p a Sc K e y W e s t R y .—See Savannah Flor
ida & Western Ry. and Florida East Coast Ry. Co.
J a c k so n v ille T e r m in a l R y .—Owns union freight and passen1.1895,] and terminal properties at
f er depots Tthe latter opened Feb.miles of track, used by Savannah
acksonville, Fla., including 20
Florida A Western, Seaboard A ir Line, Jacksonville St. Augustine &
Indian River (now Florida East Coast Ry.) and Atlan. Valdosta A
Western, which companies guarantee by endorsement the principal
and interest of above bonds, and own the entire stock. V. 71, p. 135.
Trustee, Metropolitan Trust Co., N. Y. For year 1898-9, gross, $73,934; net, $4,489; other income, $30,119; deductions, $34,608. V. 71,
p, 135.
J a m esto w n Sc C h au tau q u a R y .—Jamestown, N. Y., to Chau
tauqua, 26*a miles; branch to Falconer, 3*2 miles; total, 30 miles.
Reorganization in 1898 of Jamestown A Lake Erie sold Nov. 1,1898,
_V 6 7 p. 956; V. 68, p. 130. Stock, common, $350,000 5 per cent
non-cumulative preferred, $125,000. For 7 mos. ending June 30, ’99,
gross. $29.438; net, $6,546; charges, $8,692; deficit, $2,146. Pres.,
W. A. C. Ewen; Treas., Rich. S. Storrs, 40 W all St., N. Y.—V. 68, p.130.
Jefferson R R .—Owns Lanesboro, Pa., to Carbondale, Pa., 37
iwiifta double track; branch. Hawley, Pa., to Honesdale, Pa., 8
miles. Leased in perpetuity to the Erie RR. Co. for $140,000 l>ei
annum for main line and $14,940 for branch. Used by Delaware A Hud
son to reach Carbondale. Stock, $2,096,050; all owned by Erie RR.
J oliet Sc N orthern In d ia n a R R .—Owns Joliet, 111., to Lake
Station, Ind., 45 miles. Operated as part of the Michigan Central sys
tem. Road opened in 1854 and leased to the Michigan Central. Stock
($300,000, par $100) carries dividends of 8 per cent per annum.
J u n ctio n R R . (P h ila d elp h ia ).—Owns Belmont, Pa., to Gray’s
Ferry, Pa., about 4 miles. I t oonneots the Pennsylvania, the Philadel
phia A Reading and the Philadelphia Wilmington A Baltimore railroads,
coming into Philadelphia, which three companies Jointly guarantee
principal and interest of bonds. Leased for 99 years from Mar. 1,
1899, to Phila. Wilm. A Balt.; lessee to pay fixed charges, keep road
in repair and pay bond interest and 6 per cent on stock. Stock,
$250,000; (par $50), now all held by Phil. Wilm. A Balt, and the Penn.,
the Philadelphia A Read, having sold all its interest to the Penn.—V.
68, p. 428. The $300,000 second 6s were purchased at m aturity Apr.
1 1900, by the Pennsylvania RR. D ividends —in 1891,40 p. e., in
1&92,35 p. o., in 1893 30; 1894,15; in 1895, none; 1896,15 p. c.; 1897,
10 p. 0.; 1898, 20 p. 0.—V. 68, p. 428.
K a n a w h a Sc M ich ig a n R y .—(Nee M ap Toledo A Ohio C en tral.)—
Owns Coming, O., to Gauley on the Ches. A Ohio, 172 miles, less 17
miles, Pomeroy to Gallipous, and 1 mile, Athens to Armitage, where
Hook. Yal. Ry. tracks are used. Also owns branch of 11 miles leased
to Toledo A Ohio Central and CoL Shawnee A Hocking Ry.oompannies.
H istory , E tc.—Reorganization in April, 1890, of the Kanawha A
Ohio Railway sold in foreclosure. (V. 50, p. 451,483.) In Oct., 1890,
a large interest in the stock was acquired by the Toledo A Ohio Central,
whioh has guaranteed the bonds, principal and interest. (See V. 52, p.
16F. 351.) Capital stock $10,000,000 ($1,000,000 in treasury June,
1899). The first mortgage bondB are limited only to $15,000 per mil»
of road constructed. June 30,1899, loans and bills payable, $37,750^
9
9
RAILROAD
STOCKS
AND
BOtfDS.
f*
July 1900 )
MAP OF THE
KANSAS CITY
MEXICO & ORIENT
R A IL W A Y & CONNECTIONS.
Shortest Line from Kansas City to Pacific Ocean.
74
DiYESTOKS’
SUPPLEMENT.
[V o l . L X X I.
Subscribers w ill confer a great fa v o r by g iv in g Im m ed iate notice o f any error discovered In these T a b les.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Date Size, or Amount
Par
of
Rate per When Where Payable, and by Stocks—Last
t o r explanation of column headings, &c., see notes of
Dividend.
Whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
K ansas C ity Ft. Scott A M em phis—(C oncluded )—
K. C. F. S. & G. 1st M., I’d. gr.,8. f., dr’n at 110.0*
Ft. Scott So’eastern & M.. 1st M., dr’wn at 105.c*
Short Creek & Joplin 1st M., drawn at 105...... c*
Memphis K. & Col. Is tM ....................................c*
Kansas & Missouri RR. 1st mortgage............ "*
Consol, mortgage ($25,000 per m.) not dr’n.NBo*
Current Riv. RR. 1st mort., $20,000 p. m., guar.
Kan. C.& M .R’y& B ,dgelstM .g.,s.f.,drnatll0.c*
Kansas Equip. Co. Is tM . guar., s. f., red. at 110.
F t. Scott Equip. Co., 1st M., call at p a r.............
K an. O. Memph. A F ir.—Gen.M., $4,500,000, our.C*
Income, non-cumulative. $7,000,000, cur........o*
Birmingham equipment M., g.,gu. (red. at 110). .o*
Memphis Equipment Co., guar., red. at 110...... c*
K an . C ity M ex. A O rient—1st M., g., $22,500 p. m..
K ansas C ity A N orthern C onnecting R R .—
1st mort., gold, $20,000 per mile, $3,000,000 c*
2d mort., income, gold, non-oum., $1,250,000---K. O. A Om.—1st M. ($15,000 p. m.) g.. int. gu. c*&r
K an sas C ity Southern—Stock, com., $30,000,000
Pref. stock, 4 per cent, non-cum., $21,000.000...
1st mortgage, gold,$30,000,OoO..............M e..c*
1879 $100 &c. $2,151,600
J. & D. Bost., Nat. Webster Bk.
7
do
do
1880 1,000
571,000
7
M. & S.
do
do
1,000
1880
94,000
M. & S.
7
do
do
M. & 8 .
1884 1,000
492,000
7
do
do
1882 1,000
390,000
F. & A.
5
M. & N. Bost., Nat. Webster Bk.
1888 1,000 13,636,000
6
A. «s O. Boston, Nat. Union Bk.
S
1887 1,000
1,606,000
5
3,000,000
S
1889 1,000
5 g. A. «s O. N.Y., Un. Tr. Co. & Bost.
1889 1,000
761,000
J. & J. Bost., Nat.Webster Bk.
5
Boston.
1899 1,000
332,000
J. & J.
6
M. «s S. Boston, Meroh. Nat. Bk.
S
1894 500 &0. 3,238.930
4
1894 500 &G. 6,321,860
5
Sept. 1 3 p. o. pd. Sept. 1, 1899
S
922,000
1888 1,000
6 g. M. «s 8. Boston, Meroh. Nat. Bk.
Boston Office.
F. «s A.
S
1,000
6
189,000
. . . . 1890
1900
4 g. J. & J.
(1)
1,818,000
9lia Text. 1,000
5 g. J. & J. Jan., 1899, int. last pd.
N. Y., when eamea.
1,156,000
5 g.
9iq> Text. 1,000
194 1887 500 &0. 2,713,000
5 g J. & J. July, ’93, coup, last pd.
29,561,250 | To beh eia in v oting trust for 5 years.
20,417,500
1900 1,000 26,197,500
3 g. A. & 0. N. Y., Merc. Trust Co.
160
103
22
50
26
708
81
L atest E arnings — 11 mos.,) 1899-0.,Gross, $686,350; net, $139,539
July 1 to May 31.
S1898-9..Gross, 572,503; net, 129,935
Surplus over 11 mos’ charges, $46,426 in 1900, agst. $37,528 in ’99.
A n nual Statem en t .— In year 1898-99 gross, $634,065; net, $167,371; Int., taxes, etc., $132,709; balance, surplus, $34,662. In 189798, gross, $558,343; net, $152,443.—V. 65, p. 1021-; V. 70, p. 584, 633.
K a n s a s City B elt B y ,—From Argentine to Valley of Blue River, 10
miles. Stock authorized $2,500,000 (par, $100); outstanding
$100,000 (par, $100); owned one-half by Atchison Topeka
& Santa Fe and three-tenths by Kansas City Fort Scott & Mem
phis and two-tenths by Chicago Milwaukee & St. Paul. Double-tracked
and used for a terminal road at Kansas City, being leased for 99 years
from 1888 to 0. M. & St. Paul and Atohison Top. & S. Fe (jointly with
other companies) for payment in each case of 3 p. c. per annum of
cost of property used with equal proportion of cost of conducting
transportation and maintenance according to wheelage. The mort
gage is for $2,500,000. E arnings .—For year ending June 30,1899,
gross, $203,239; net, $156,160; interest, taxes, etc., $136,192; bal.,
sur., $19,968. Pres’t, E. S. Washburn, Kansas City, Mo.
K a n s a s City C lin ton Sc Springfield B y .—Owns from Cedar
Junction, Kan., to Ash Grove, Mo., 164 miles, and branch to Pleasant
ttiii, Mo., 10 miles; total, 174 miles, but only 163 miles operated.
Sto c k s , E tc .—Stock, $1,775,400 (par $100), one-half owned by
Kansas City Fort Scott & Memphis, which guarantees the bonds.
A n n ual R e p o r t .—Fiscal year ends June 30. In 1898-9, gross,
$284,278; net, $65,100; other income, $1,880; interest, $163,660;
balance, deficit for year, $96,680. In 1897-98 gross, $339,447; net,
$118,122—(V. 61, p. 1010.)
K a n s a s City F o rt Scott Sc M em p h is R R . - Owns mainline from
Kansas City, Mo., to Memphis, Tenn., 485 miles, with branches, 236
miles; total owned, 721 miles. Controls the Current River RR. (Willow
Springs,Mo.,to Grandin 82m.).owning$942,000of its $ l,606,000stock.
Owns one-half capital stock of K. C. Clinton & Springfield and of K. C.
Memphis & Birmingham RR.; also 300 shares Kan. City Belt.
D ividends .— ’86, ’87, ’88, ’89, ’90, ’91, ’92, ’93, ’94-’'99 1900.
0
0
0,
o,
On com m on ..- 4%, 4*2, 31«, 3, 31«, 1,
4,
0
Feb., 5
5.
8,
8, 8,
8,
On p referred ... 8%, 8,
B onds .—Consols are reserved for all prior bonds when due.
G e n e r a l F inances .—On June 30,1899, bills payable for equipment
were $207,561. In 1897-8, $738,000 consol. 6s were issued to reim
burse the company for K. C. Springfield & Memphis 6s (paid in cash
May 1,1894), to retire $320,000 ten-year notes, etc.—V. 67, p. 1304.
E arn in gs .—Including K. C. C. & S. and Cur. River, July 1 to May 31:
B a l., surp 1 1 »to«.—
C ross.
N et.
Charges.
$393,082
1899-0.........$5,351,942
$1,725,307
$1,332,225
62,847
1 8 9 8 -9 ...... 4,374,825
1,341,196
1,278,349
A nnual R eport .—Report for 1898-9 in V. 69, p. 1146.
1896.
Y ear end. J une 30.
1899.
1898.
1897.
Gross earnings...........$4,346,276 $4,595,085 $4,137,128 $3,991,694
Net earnings.............$1,362,625 $1,405,748 $1,310,557 $1,209,695
1,147,139
Interest and miscell.. 1,294,882
1,248,004
1,260,223
June 1, 1908
Sept. 1, 1910
Sept. 1, 1910
Sept. 1, 1910
Aug. 1, 1922
May 1, 1928
Oct. 1, 1927
Oct. 1, 1929
Jan. 1, 1905
July 1, 1909Moh. 1, 1934
Mch. 1, 1934
Moh. 1, 1903
Aug. 1, 1905
1950
Jan. 1, 1927
Jan. 1, 1927
Jan. 1, 1927
! ..............
Apr. 1, 1950
Chihuahua & Pacific, completed from Chihuahua to Minaca, 125
miles, w ill be used as the southern portion of the line. See C. & P.
statement.
S ecu rities .—The company is to issue the following stock and bonds
to cover each mile of completed road and equipment, viz.: $22,600,
first mortgage 4 per cent gold bonds, running fifty years from their
date, interest payable semi-annually on the first days of January and
July, and $20,1 0 * per mile each in common and non-cumulative 4 per
cent preferred st ook. and in addition $2,500,000 bonds for extra work
in the Sierra Madre Mountains. President, A. E. Stilwell.—V. 70, p.
429, 894; V. 71, p. 29.
K ansan City Sc N orthern C onnecting R R . —Line from Pattonsburg, Mo., to Kansas City, Mo., 81 miles, and branch from Trimble
to Gower, 10*9 miles, the latter being leased to the St. Joseph & Grand
L , which also has trackage rights from Trimble to Kansas City. July,.
1899, coupons were paid at N. Y.office of M. K. & T. Trust Co., No. 1
Nassau Street. Stock, $3,000,000, was increased in Oct., 1 89 ^, to$3,500,000. Full particulars regarding bonds were in V. 62, p. 1177.
On Jan. 2,1900, Chas. H. Chappell of Chicago and James Hopkins
of St. Louis were appointed receivers of the K. C. & Nor. Conn., Om. &
St. L. and Om. K. C. & E., preparatory to reorganization and consolida
tion. V. 70, p. 39. In Dec., 1899, earnings were little in excess of
operating expenses.—V. 69, p.1247. In 1900 foreclosure pending un
der both mortgages.—V. 70, p. 584.
In June, 1900, a bondholders’ committee, Herman Kuhn, Chairman,,
requested deposits of first mortgage bonds with Provident Life <
&
Trust Co., Phila. An issue of $125,000 receivers’ certificates was ap
plied for. V. 70,p. 1194—V. 70, p .39, 584, 686, 1195; V. 71, p. 29.
K a n sa s City N orth w estern R R .—Road Kansas City to Vir-
Slnia, Neb., 162 miles, of which
eavenworth to Leavenworth,
Seneca to Axtell, 11 miles, and South
1 mile, are trackage, and 20 miles,
Summerfleld to Virginia, was formerly the Kansas City & Beatrice.
Branohes, 12 miles. Total, 174 miles. A reorganization of the K. C.
Wyandotte & N. W., foreclosed Jan. 5, 1894. Stock, $3,500,000 (par
$100), controlled in interest of Missouri Pacific Ry.—V. 59, p. 152.
B onds .—Of the $3,500,000 bonds, $900,000 are series “A,” “ pre
ferred” as to principal and interest, and are redeemable after 5 years
at 105. Car trusts June 30,1899 (1).
E arnings .—For year ending June 30, 1899 (on 174 miles) gross$338,080; net, $60,293; other income, $1,410; total deductions, $52,199; balance, surplus, $9,504. In 1897-8, net, $392,794. In 1900, Jaa.
1 to June 30 (6 months), gross, $180,588; in 1899, $150,161.
K a n sa s City Sc O m a h a R y .—Owns Stronburg to Alma, Neb.,
150 miles, and MeCool Junction to K. C. & Omaha Junction, 44 miles.
The railroad was foreclosed in 1896 and in July, 1900, the holders
of its bonds had generally accepted the offer to exchange the same -it
par for stock of the railway company, the latter to be purchased on
or before July 24,1900, at $38# per $100 share; in addition a cash
70
dividend w ill be paid from past earnings when the committee’s ac
counts are adjusted. I t is understood the purchase is made on behalf
of the Chicago Burlington & Quincy.—V. 71, p. 135.
E arnings .—For year ending June 30,1898, gross,$274,918; net,$97,438; total deductions, $132,478;bal., deficit, $35,040.—V. 71, p. 135.
Balance, surplus.... $67,743
$157,744
$50,334
$62,556
K a n sa s City Sou th ern R y —(See M a p .)—Operates a line ex
Deficits paid on Current River RR. and Kansas City Clinton & Spring- tending from Kansas City, Mo., to Port Arthur, Tex., (thence by its«
field RR. in 1897-8 was $75,239, included above.—V. 70, p. 328.
ship canal 7 miles to deep water on the Gulf of Mexico), w ith branchesand extensive terminals used by various roads entering Kansae City.
K a n s a s City M em p h is Sc B irm in g h a m R R .—Owns from
L in es ow tted —
M iles.
L in es owned—
M iles.
Memphis to Birmingham, Ala., 253 miles, and branohes to Aberdeen,
Kansas City, Mo., to Belt Jet.. 12 Branohes to Fort Smith, De ~
Miss., and Bessemer, Ala., 23 m. Reorg. in 1894, (V. 57, p. 938.)
Q.iinoy, La., etc.................... 41
Terminal tracks around Kan
Stock , Traffic Guaranty , E tc.—The stock is $5,976,000; par, $100.
T rackage —I/o Gr’d View, Mo. 12sas City..
The Kansas City Fort Scott & Memphis owns half the stock and gives a Grand View,............... Port Ar 18
Mo., to
traffic guarantee of 10 per cent of gross earnings derived from business
T o ta l..................................849
thur, Tex................................766
to and from this road, to be applied to interest.
Or g a n iza tio n .—A reorganization of the Kansas City Pittsburg &
B onds.—On income bonds in Sept., paid: in 1897,2 p. c.; in 1898, 2 ^
Gulf RR., sold in foreclosure Mar. 9, 1900, per plan V. 69, p. 1012,.
p. o.; in 1899, 3 p. c.
1062. Owns most of the securities of the following companies whose
L atest E arnings.—From July 1 to May 31 (11 months):
mileage is included in the table above under lines owned, viz.: Kansas
City Suburban Belt RR., Union Terminal Co., Consolidated Terminal
11 m onths,
Cross.
N et.
Charges.
B alance.
Co , Kansas City & Independence A ir Line and Port Arthur Channel
1898-0........................$1,577,395
$499,378
$169,388 sur.$329,990
1 8 J 8 -9 ...
.......... . 1,321,407
351,676
176,598 sur. 175,078 & Dock Co. Took possession Apr. 2, 1900.—V. 70, p. 584.
A nnual R eport .—F or year 1898-9 in V. 69, p. 281,1146.
N e w Se c u r it ie s —Of the authorized issues, $3,802,500 new 1st 4s*
Y ear.
Cross.
N et.
Other In c.
In terest. B a l., Sur. $582,500 preferred and $438,750 common stock are reserved for
1898-9....... $1,433,294
$373,921
$29,931 $197,743 1T$20S,109 future requirements.
1897-8....... 1,399,168
362,509
31,248
198,0851[195,672
The reorganization plan provided $5,900,000 eash: to pay car trusts,
$1 900,000; do. floating debt, $475,000; do. receiver’s certificates*
N ote .—From surplus 1897-98 paid 21« per cent on incomes in Sept.
1898, $156,925, and 3 per cent in 1898-99, $190,118, leaving balance $800,000; do. first mortgage coupons due April 1,1899, $575,000; to
provideforworkingcapitalandexpenses of reorganization, $2,150,000.
surplus, of $15,991.—V. 69, p. 2 8 1 , 333,1146,1346.
V oting T r u st .—By modified plan both classes of stock w ill be vested
K an sas City M exico & O rient’ R R . —(See M a p .)—
Projected
to extend from Kansas City, Mo., to Port Stilwell, Mex., on the Gulf for five years in the following voting trustees: John W. Gates, Her
man Sielcken, William Edenborn, John Lambert, Samuel R. Shipley,
of * alifornia, about 1,800 miles. In July, 1900, contracts had been Louis Fitzgerald and James Stillman. The voting trustees may, in
let for 300 miles from Wichita, Kans., to Quannah, Tex., and also for their discretion, deliver the stock at an earlier date.
some roadin Mexico. See C h r o n ic le of July 28,1900. The Guardian
I n te r e st Ch a r g e .—The annual fixed interest charge w ill be $785*Trust Co. of Kansas t ity and Chicago w ill finance the enterprise. The
J u l y , 1900. J
RAILROAD
STOCKS
AND
BONDS,
79
76
INVESTORS’ SUPPLEMENT.
[ VoLi L X X It
Subscribers w i l l con fer a great fa v o r by g iv in g Im m ed iate n otice o f a n y error discovered In these T a b les.
RAILROADS.
Miles Uätc
Amount
Par Outstanding
of
For explanation of column headings, <fcc., see notes of
-Road. Bonds Value.
on first page of tables.
K .O . St. Jo.dk O oun.Bl.—Con. M. (Nos. 1 to 500pf.)o* 248 1877 $100&e. $5,000,000
419,000
62 1880 1,000
1st Ms. Nod. and Tark. Val. RRs. s. f. (dr.atlOO).c*
Kan. C ity Suburban BeU—See K ansas Cit y Sooth ERN R
1,967,400
98 Ì890 $ & A
K a n ttu C ity W atkins A Gulf—1st mort., gold..F.c*
100
1,524,600
K eoku k A D es M oines—
Preferred stock, 8 per cent 162
1st mortgage, interest guar. C. R. I. & P ......... --0* 162 1878 100 &c. 2,750,000
378,000
3891 1,000
K ew aunee Green B ay A western —1st mortgage...c
1,000
572,000
K ingston A Pem broke-^ 1st M., gold.......................... 113 1882
2,000,000
69 1885 1,000
K noxv. A Ohio—1st mort., sold, guar, by rent. e**r
100 11.840.000
....
L a k e E r ie & Wester»—
Cbm. stock, $20,000 p. m. 725
100 11.840.000
Pref. stock, 6 per cent (not cum.) ($20,000 p. m .). 725
7,250,000
1st mortgage, ($10,000 per mile) gold........Ce.o* 725 1887 1,000
3,625,000
2d mort., for $3,625.000 ($5,000 p. m.) gold.Ce.c 725 1891 1,000
100 Z 49,466,500
L a k e S h ore & M ichigan S o u th ern —S to c k ......
100
533,500
Guar. 10 per cent stock (Mich. So. & No. In d .)...
Consol. 2d mort.
do
............................oat 859 1873 1,000 *6,957,000
1,000 1897 1.000&C 38,661,000
New mortgage, $50,000,000, gold.............. c*<fer
924,000
55 1876 1,000
Detroit Monroe & Toledo 1st mortgage, guar.. -c
400,000
37 1890 1,000
Kalamazo & White Pigeon 1st mort.. guar......... o
79,000
41 1889 1,000
Bat. Cr. & Stur. 1st M„ g.,guar. p. & 1.(see M.Cen.)
322,000
29 1889
Sturgis Goshen & St. L. 1st mort., g., p. & i. guar.
100
610,000
58
ga.1, Allegan & Gr. Rapids stock, rental guar......
840,000
58 1888 1,000
1st mortgage, guaranteed...................
o
50
300,000
26
1871 1,000 X l,000,000
48
Cin. < Springfield 1st mort., p. & i. guar.......... o
fe
50
1,500,000
43
Lake Shore System—M ahoning Coal B it.—Stock.
50
661,850
43
Pref. stock, see text.............................. —
1,500,000
43 1884 1,000
upon bo nds J. & J.
À Interest on registered bonds is payable Q .-J .; on co
of 1897
x Additional to $1,000,000 guara nteed by C. C. C. & St. L.
925, against $1,134,000 under the former plan of the Philadelphia
Committee. (See V. 69, p. 384, 440.) Earnings, see Y. 69, p. 440, 492.
L atest E arnings.—For year ending April 1, 1900, gross earnings
were $3,970,500, against $3,084,000 in 1898-9.
A nnual R eport .—Report for year ending June 3 0 1898, given at
length in V. 67, p. 999, 1005, showed gross, $2,878,159; net, $738,977; other income, $1,452; interest and taxes, $893,755.
D irectors . —
President to be Stuart R. Knott, of Savannah, Ga.: J.
W. Gates, John Lambert, I. L.Ellwood, William Edenborn, Max Pam,
of Chicago; Edward H . Harriman, Otto H. Kahn, of New York; John
J. Mitchell, of Chicago; W illiam F. H arrity, of Philadelphia; Julius
Walsh, Alfred Cliford, James Hopkins, of St. Louis.—Y. 71, p. 39, 81.
K a n s a s City P ittsb u rg Sc G u lf H R .—See K. C. Southern Ry.
K a n s a s City
St. J osep h Sc C ou n cil B lu ffs B B . —(S ee
Mvup C hicago B u rlin gton A Q.)—Owns from Kansas City to Council
Bluffs, 193 miles, branches 55 miles, proprietary lines (Nodaway Valley
and Tarkio Valley railroads), 62 miles; total owned, 310 miles; leases,
6 miles; leased to other companies, 7 m.; total operated, 309 miles.
Stock . E tc.—The capital stook (including Nodaway & Tarkio Valley)
June 30, 1899, $6,050,493, all owned by the Chicago Burlington &
Quincy, and the road is operated as part of that system. Consols. Nos.
1 to 500, both inclusive, have a prior lien. See description of mort
gage in October, 1896, Supplement , page 1. Funding notes, $390,000, dated 1893, due Jan., 1907, int. J-J.
D ividends . - ) ’90. ’91. ’92. ’93. ’94. ’95. ’96. (6m .)’97. ’97-98 ’98-9
5-9 4-25
P ercent...... \ 3-07 7-40 6*90 8-65 8 4-89 3*74 2*99
E arnings.—In year 1898-99, gross, $2,243,340; net, $670,898; other
inoome, $7,130; interest and rentals, $413,737; dividends, 41 p. c.—
*
V.
70, p. 1048.
K a n s a s City S u b u r b a n B elt B B . —See Supplement of April,
1900, and Kansas City Southern Ry.—(V. 69, p. 134b.)
St. L o u is Ir o n Kit. Sc S o u th . B y .—S e e Mo. P a c . R y . S y s t e m .
K e n tu c k y Sc In d ia n a B rid ge Sc T e r m in a l Co.—Owns steel
cantilever bridge over the Ohio River at Louisville and 5 miles of rail*
road between Louisville, Ky., and New Albany, Ind., and 5 miles of
belt line in Louisville; also owns Louis. & New Albany Ferry Co.
and N. Albany Street Car Co. Successor on Jan. 31, 1900, to the
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 Chioago Indianapolis &|Louisville are to own the
$75 000 capital stook. The reorganization plan filed in June, 1900,
also provides lor a $2,500,000 mortgage.—V. 70, p. 280,1249.
E arnings .—For year ending June 30, 1899, gross, $210,057; net,
$76,573. V. 70, p. 280,1049,1249; V. 71, p. 29.
K e o k u k Sc B es M oin es B y .—Owns from Keokuk, la ., to Des
Moines. £a., 162 miles. Leased for 45 years from Ootober 1,1878, to
the Chicago Rook Island & Pacific Railway, the lessee to pay 25 per
cent of the gross earnings, but guarantees the interest (not the prin
cipal) on the bonds. Stook is $1,524,600 8 per cent preferred and; $2,600,400 common (par $100), a majority of which is held by the lessee.
1900.
D ividends .— ) 1893. 1894.
1895. *96to ’98. 1899.
On pref. p. p , ) T 2-4
95 cts. 90 cts. None. 50 cts.
--------------------50 cts.
V,» JHH p o.
Rental: In 1894-95, $137,500; in 1895-6, $139,521; in 1896-7, $137,iO : ’97-8. $144.855:
O
$144,875.
500; in ’97-8, $144,855; in 1898-9, $144,875 V. 68, p. 772.
K e o k u k & W e ste rn B B . —In 1899 all of the bonds and most of
the stook were acquired by the 0. B. & Q.—V. 68, p. 379; V. 69, p. 756.
K lc k a p o o V alley Sc N orthern B B . —See Wisoon. Western RR.
K in g s to n Sc P em b rok e B y .—Owns from Kingston, Ont., Can., to
Renfrew 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. o. non-oum. stock (V. 67, p. 1309; V. 68, p. 130)
ana $150,000 second pref. 3 p. c. stock issued, floating debt paid and
interest on bonds reduced to 3 p. c. Common stook, $2,500,000; par
$50; issued, $2,204,400. In year 1897-8, gross, $130,983; net, $5,167.
—(V. 67, p. 274, 901,1309; V. 68, p. 130 927.)
K n o x v ille & B r isto l B B . —Morristown, Tenn., to Corrytonvia
Tate Springs (Bean Station), 40 miles. Road when completed to ex
tend from Knoxville 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). In Oct., 1899, the exten
sions were reported under construction. A reorganization of the Mor
ristown & Cumberland Gap RR. sold under foreclosure in Feb., 1898.
V. 66. p. «10. Stock authorized. $1,000,000. In Apr., 1898. made a
mortgage to the Security & Trust Co. of Camden, N. J., as trustee.
-President, Henry J. Braker, 100 W illiam Street, New York; Treas., J.
B. Foster, Providence, R. I.—V. 66, p. 810.
K n o x v ille Sc O hio B B . —Owns from Knoxville, Tenn., to Jellico,
Tenn. and branch, 69 miles. Operated by Southern Railway as part
of its system. Stook is $1,122,200; par, $100. Southern Railway
owns $1,117,400 of the stock nearly all pledged under its consolidated
mortgage of 1894. Earnings now included in Southern Ry. Year
1 8 9 5 -9 o gross, $496,126; net, $224,863; interest, $120,000.
INTEREST
Rate per When
Cent. Payable
Bonds—Princi
pal,When Due.
Stocks—Last
Dividend.
Whom.
Boston, 2d Nat’l Bank, J&n. 1, 1907
J. & J.
7
June 1, 1920*
do
do
J. & D.
7
1, 1930
5 g. J. & J. July,’95, coup, last paid Jan. 2, *00, **,
See text. See text N Y ., Office, 13 Wm. St. July
Oct. 1, 1923
do
do
A. & O.
5
J. & D. N. Y ., Office 40 W all St. June 1, 1921
5
Jan. 1, 1912
3 g. J. & J. Kingston, Ontario.
6 g. .J & J. N.Y., J. P. Morgan & Co. July 1, 1925
See text. J. & J. N.Y. Office, 80 Br*dway. July 16,’00,2:
5 g. J. & J. N. Y., Chase Nat. Bank. Jan. 1, 1937
July 1, 1941
do
do
5 g. J. & J.
*
7 in 1900 J. & J. N.Y.,Grand Cent. Stat’n July 28,’00,3 1
Aug. 1,’00 ,5%
do
do
F. & A.
10
J. & D. 1 Coupons payable by f Deo. 1, 1903
7
Treasurer at Gr’d i June 1, 1997
3 i* g. J. & D.
F. & A. I Cent. Sta’n, N. Y . [ Aug. 1, 1906
7
J. & J. (Registered int. on' Jan. 1, 1940
5
3 g. J. & D. ' con.lstand2dsby ] Deo. 1, 1989
Union Trust ; on Deo. 1, 1989
3 g. J. & D.
April. 1900
new 3*28 by U. S.
5-95 A. & O.
Trust, N. Y.
{ July 1, 1938
5
J. & J.
Aug., ’00, 5%
F. & A. N. Y ., Gr. Cent. Station.
10
A. & O. N. Y., J.P.Morgan & Co. Apr. 1, 1901
7
10 in ’99 F. & A. N. Y ., Gr’d Cent. Stat’n. Feb., 1900,7%
J. & J. N. Y., Union Trust Co. July, ’00 ,2i*%
5
July 1, 1934
do
do
J. & J.
5
* After deduct! ng amounts deposited u ndermortgage
z N. Y. C entrai h olds $45,289,200 of this
K o o ten a y B y . Sc N a v ig a tio n .—V. 69, p. 80.
L a k e B rie Sc D e tro it B lv e r B y .—V. 70, p. 739.
L a k e B rie & W e s te rn R a ilr o a d .—(S ee M ap).—Owns San
dusky, O., to Peoria, 111., 420 miles, and branch to Minster, 10 miles;
Indianapolis to Michigan City, 162 miles; Fort Wayne to Connersville
and branch to RushviUe, 133 miles; total owned, 725 miles, of which
701 steel; leased from Oct. 1,1895, the Northern Ohio RR., Akron to
Delphos, 167 miles; total operated, 892 miles.
H istory , E tc.—Formed in 1887 after foreclosure of the Lake Erie
& Western B ailw ay. (See V. 50, p. 590.) The terminals at Indianapolis,
Peoria, Fort Wayne and New Castle are operated partly under lease.
The company lets about 74 miles of trackage and terminal rights re
ceiving about $35,000 yearly. In 1899, control passed to the Vander
bilts and in Jan., 1900, a new directory was elected.—V. 70, p. 76.
G eneral F inances.—In Jan., 1900, the large floating debt in exist
ence when dividends were suspended in 1809 had all been paid off,
about $800,000 had been expended for improvements, and there was
$350,000 in the treasury. The road earned in 1899 more than a m il
lion dollars in excess of flxed charges, and this surplus, together with
the proceeds of sale of the Pittsburg & Western 2ds to B. & O. inter
ests, and of stock in the Cleveland Akron & Columbus RR and the
right of way, etc., of the abandoned Cleveland & New Castle project
to the Pennsylvania system, produoed this marked change in the com
pany’s financial condition.
Div. sin c e ’89 51890 *91 ’92 ’93 ’94 *95 *96 *97 *98 ’99 ’00
on pref.— t 4%
4 4% 5
5
5
5
5
5 0 July, 2
Dividends suspended in 1899 on account of advances to Cleveland &
New Castle Ry., were resumed in July, 1900.— V. 70, p. 1291.
B onds.—Abstract of first mortgage in V. 46, p. 45; of 2d mortgage in
V. 54, p. 444. Guarantees $2,500,000 5s Northern Ohio, which see.
L atest E arnings.—For 6 months ending June 30,1900 (partly esti
mated) :
* Wet. In t. and chgs. D iv. on p ref. B al.su r.
6 m os.
Gross.
1900 ... $2,246,369 $828,502 $457,054 (2%)$236,800 $134,648
529,039
458,385
..............
70,654
18 99 .... 1,801,670
* Operating expenses in both years include expenditures for better
ments.
A nnual R eport .—Fiscal year ends Deo. 31. Annual meeting is held
at Peoria on first Wednesday in Ootober. Annual report for 1899 was
given in V. 70, p. 892. The traffio is well distributed, only 6 per cent
being ooal. Average rate per ton per mile in 1899 was 0-599 cent.
1898.
1897.
1896.
T ear end. D ec. 31.
1899.
Gross earnings......... $3,904,177 $3,467,378 $3,439,397 $3,344,274
1,464,693 1,463,282 1,427,015
Net earnings.............. 1,793,365
193,030
187,410
187,110
Deduct taxes..........
195,879
42,670
41,725
41,798
Rental of tracks....
44,342
509,725
492,500
471,708
Interest on bonds.. 543,750
125,000
125,000
125,000
No. Ohio int. guar...
105,000
(3%) 444,000 (5) 592,000 (5)592,000
Dividends.......................
Balance, surplus. $904,394
$150,268
$24,647
$9,389
Of the surplus shown above for 1899, $703,249 was expended dur
ing the year for new equipment, additions and betterments, leaving a
net surplus of $201,144.—V. 69, p. 132,1012; V. 70, p. 76, 839, 8 » 2 ,
1291.
Lake Shore Sc M ich ig a n Southern R a ilw a y .—(See M ap
N . T. C entral.)—Operates from Buffalo to Chioago with branches. The
main line (540 miles) includes 26 miles between Toledo and Palmyra,
Mich., under lease from the Erie & Kalamazoo.
Leaded, [Usee th is Co.]
M iles.
B oad ow ned d irectly.
M iles.
Buffalo, N. Y ., to Chicago, H I..540 Kalamazoo A. & G. R .................... 58
Jamestown & Franklin................. 51
Sundry branches......................327
MahoniRg Coal R R ...............
48
E n tire stock owned.
_
Detroit & Chicago (see below), zb Erie & Kalamazoo (26 m .)_ Text.
Detroit Monroe & Toledo........ 55 Detroit Hillsdale & S. W ...IT 65
Kalamazoo & White Pigeon... 37 Fort Wayne & Jackson...... if 98
11
Northern Central Michigan— 61 Elkhart & Western...............
Sturgis G. & St. L ...... .............. 36
Grand tot. oper. Jan. 1, ’00.1,413
Of the main line 490 miles has double track. By control of “ Nickel
Plate” the Lake Shore has still another line from Buffalo to Chicago.
Organization , &c. A consolidation on Aug. 16,1869. The N.Y. Ch. &
St. Louis (Nicker Plate) road has been controlled by ownership of
stook since 1882, Lake Shore now owning $6,240,000 of its common.
$6,275,000 of its 2d preferred and $2,503,000 of its 1st preferred stook.
The company also controls and leases the Mahoning Coal RR. [see Lake
Shore “ System” below] and owns (besides the entire stock of the pro
prietary lines) $2,675,696 Pittsburg & Lake Erie stock. N. Y. C. & H.
R. RR. in 1899 had acquired over nine-tenths of the capital stock, as
stated below. Dividend was increased from 3 to 31 p. c. in July, 1898.
*
—V. 70, p. 76.
Dividends .—Since) 1888 ’89 ’90 ’91 ’92 ’93-97 ’98 ’99 1900
1887.
P .C t) 4
5
5 6*2 6 1 6 y’rly 6 1
*
*
7
7
BONDS
STOCKS AN D
RAILROAD
1900.1
Ju l y ,
78
S a ls e
IN TESTO K S’
SUPPLEMENT.
[VOL. L X X I.
tiers w i l l con fer a great fa v o r toy g iv in g im m ed ia te notice o f a n y error discovered In these T a b les.
C
*
1
ft
C
O
RAILROADS.
Miles Date Size, or
Par
of
For eplan atlon of column headings, &c., see notes of
Road. Bonds Value.
on first page of tables.
3 1893 $1,000
Leavenw orth T erm inal B y. dt B ridge —1st M., gold.
1,000
42 1881
L ehigh dtH uason R iver—1st M.,g.,int.red’o’dto5p.o.
1,000
63 1887
2d mortgage, gold...... . .......................... . ....... V..J
Warwick Valley 1st & 2d Ms. ($240,000 2ds)........ Text. 79-’81 500 &o.
7 1880 500 &c.
Wawayanda RR. 1st mortgage.............................
1,000
1890
L .& Hud. R.Gen.M. $3,000,000, g.(seetext)Ce.o*
1,000
L ehigh dt New E ngl'd —1st mort., $1,000,000, gold. . . . . 1895
50
J jehigh , V a lley —Stock ($106,300 is 10 p. o.pr.ef.).
1,000
1st mortgage, o. and r., extended in gold in 1898 101 1868
1
101870 1,000
1,000
1873
1,000
1873
1,000
1897
1,000
117 1895
Leh. val. of N.Y., 1st M., gold,gu. p. &l.(end.)o*&r 283 1890 1,000
1,000
Leh. Val. Ter., 1st M .,gold,gu.p.&i.,end..C.c*&
31 1891
Easton & Amboy, 1st M. Easton to P.Amboy,gu..
60 1880 1,000
12 1895 500 &C.
Easton & No., 1st M., gold, guar, by L. Val..c*&
1,000
1892
Delano Land 1st M., gold, guar., s. f. *30,000 y’ly
1,000
22 1892
Middlesex Valley, 1st mort., $600,000, gold__ o'
1,000
1866
Penn. & N. Y. Can. & RR.—1st m., endors.. .c*<fcr,
1,000
1888
Consols (seetext) guaranteedp.&i.(end.).GPi
Elm ira Cortl’d & No. 1st pref. mort., gold........o* 119 1884 1,000
1st M., gold, guar. p. & f. (end.).
119 1884 1,000
1886
Oana.N6.lstM., g.,gu.p.&i.by E.C.&N. (V.66,p.82)
D.ls ”
’'
100
Morris Canal stock, 4% guaranteed 999 years__
100
Preferred stock, 10 p. c., guar. 999 years.........
1893 l,000&o
500
1895 1,000
Car trusts,) $50,000 due each F. & A ............... o’
1.000
1896
gold, 5 $500,000, due $25,000 each F.&A .
1899 1,000
Equip, trusts, g., $2,000,000. due $ 2 0 0 ,0 0 0 y’rly
1899 1,000
Equip, trusts, gold, ser. “D,” due $300,000 y’rly
Bonds—Princi
INTEREST OR DIVIDENDS.
pal,When Due.
-Amount
When
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Cent.
Whom.
Dividend.
$600,000
800,000
169,070
385,000
65,000
1,124,000
431,000
40,441,100
5,000,000
6,000,000
10,400,000
12,350,000
4,925,000
2,000,000
15,000,000
10,000,000
6,000,000
51.000
1,104,000
375,000
1,500,000
8,500,000
750,000
1,250,000
300,000
1,025,000
1,175,000
11,574,000
400,000
600,000
300,000
1,800,000
3,000,000
& J. N. Y., Central Trust Co. Jan. 1, 1923
& J. N. Y., Nat. Exch. Bank. July 1, 1911
& J.
do
do
July 1, 1917
& O.
do
do
Oct., ’00 & ’12
& J.
do
do
July 1, 1900
& J.
do
do
July 1, 1920
& J. Phila., 927 Chestnut St. July 1, 1945
1893
4 g. J. & D. Reg.atoifice; cp.Bk.N.A. June 1, 1948
M. & S. Pima. Of., 228 So. 3d St. Sept. 1, 1910
7
41* & 6 J. & D. Reg.at offlce;cp.Bk.N. A. Deo. 1, 1928
4 Lj & 6 J. & D. Phila.. Of.,228 So. 3d St. Irredeemable.
5 g. M. & N.
Philadelphia.
May 1, 1997
4 g. M. & S. Phil.,Leh.Val.Of.&N.Y. Sept. 1, 1945
41 J. & J. N.Y.,Merch.N. Bk.&Ph. July 1, 1940
ag.
do
do
Oct. 1, 1941
5 g- A. & O.
M. & N. Phila., Of., 228 So. 3d St. May 1, 1920
5
4*ag. M. & N. See Off., 228 So. 3d St. Nov. 1, 1935
do
do
5 g. J. & J.
Jan. 1, 1932
5 g. M. & N. N. Y., Central Trust Co. Nov. 1, 1942
7
J. & D. Phila., Bk. N. America. June 1, 1906
4, 4*2, 5 A. & O. Phila., Lehigh Val. RR. Apr. 1, 1939
do
do
6 g. A. & O.
Apr. 1, 1914
do
do
Apr. 1, 1914
5 g- A. & O.
do
do
6 g. J. & J.
July 1. 1906
4
F. & A. Phil, office, 228 8.3d St. Aug., ’00, 2%
F. & A.
10
do
do
Aug., ’00, 5%
5
J. & J. N. Y. and Philadelphia. Jan. 1, 1933
5 g. J. & J.
Philadelphia.
Jan. 1. 1910
5 g. F. & A. Phil.,Girard L.I.A .& Tr. Aug., ’00-190«
do
do
5 g. F. & A.
Ausr.. ’00-1906
4*2 g. J. & D. Phila., Penn.Co.forlns. To June 1. ’09
4 ^ sc. M. & S. Phila., Prov. Life & Tr. To. Mch 1, ’10
5 g
5 g•
5 g.
6
See text.
5 g.
5 g.
J.
J.
J.
A.
J.
J.
J.
L atest E arnings.—9 mos. ending March 31 (including Or. Co. RR.):
The consol, mortgage of 1897 (United States Trust Co., N. Y., and
9 m onths—
dross.
N et.
In t,,ta x.,etc. B alance.
John T. Dye of Indianapolis, Ind., trustees,) is for $50,000,000 of 3*8
$181,242
$107,907
$7?,334
per cent gold bonds, tax free, authorized to retire the several issues of 1899-0........................... $366,616
156,771
109,471
47,300
7s maturing from 1898 to 1903 (see a b s tra c t in V. 64, p. 1182) 1898-9........................... 338,689
amounting to $43,192,000, and the balance, $6,808,000 for use in re
Annual R eport.—Including Orange County RR.:—V. 69, p. 1298.
funding said bonds and for general purposes of the company. The Y ear end. J un e 30.
Cross.
N et.
In t., tax, etc. B a l., su r.
mortgage covers 829*54 miles of mam line and branches—a consid 1899 ............... .............. $458,750
$211,050 $146.094
$64,956
erable portion being double tracked—
and 181*11 miles of leased lines. 1898................................. 402,046
184,092
144,768
39.324
The refunding of the first 7s into new 3*3 per cent consols w ill effect
G nnnill Burt, President, N. Y. City.—V. 67,p. 1259; V. 69. p, 12 98 .
a saving in interest charges, when entire $50,000,000 are outstand
L eh ig h Sc N ew E n g la n d R R .—Operates road from Slatington,
ing, of $1,273,440 a year. See refunding plan in V. 64, p. 469, 610
and also V. 66, p. 82; V. 67, p. 956. To July, 1900, $30.542,000 of Pa., to Campbell H all, N. Y., 96 miles, of which three sections, aggre
gating 44 miles, belong to other companies, leaving 52 miles owned.
3*28 had been listed.—V. 66, p. 1140; V. 68, p. 1182.
N. Y. Susq. & W. operates New Jersey Division (Campbell H all to
G uaranties .—A s to guaranties additional to those shown in table Hainesburg, 61 miles), and Lehigh Valley RR. operates Pennsylvania
above see Detroit Hillsdale < S. W. and Fort Wayne & Jackson.
fe
Division (Hainesburg to Slatington, 35 miles.) Campbell Connecting
G eneral r inances.—Nothing has been charged to construction or RR. (leased) issued on its 4 miles $500,000 oi 1st M.50-year 5s due 1939,
equipment account since 1883, the outlays charged to operating ex but reported purchased in Sept., 1899.
penses for new equipment amounting in 1899 to $1,865,817, andinl898
H istory .—A reorganization July 1, 1895, of the Pennsylvania
to $699,516 and for construction to $234,073 in 1899, against $108,- Poughkeepsie & Boston, sold in foreclosure Dec. 14,1894.
908, these items being exclusive of expenditures for renewals. Profit
Securities .—Stock is $1,500,000, par $50. Mortgage is for $1,000,and loss surplus Jan. 1,1900, $8,389,482. Low grades permit large
000, of which $569,000 for improvements and exten’s.—(V. 62, p. 134.)
train loads ; average for 1899, 427 tons, against 352 in 1898.
Loans and bills payable June 30, 1899, $161,500. There were also
In July, 1900, $36,2^5,000 of the $43,192,000 7 per cents due in 1903
and earlier, and outstanding in June, 1897, had been retired and June, 1899, $75,000 collateral trust bonds and $20,000 equipment 6s.
E arnings.—For year ending June 30, 1899, gross, $78,140; net,
$38,661,000 new 3Hi8 issued, thus reducing fixed charges $1,183,315
$26,339; charges, $28,273; balance, deficit, $1,934.
per annum, or over 2 per cent on the capital stock.
In Feb., 1898, a majority of the capital stock was purchased by the
L eh ig h V alley R R .—(S ee M ap )—Main line, Jersey City.N. J., op
N. Y. C. & H. RR., which gave in exchange its 3 ^ p. c. bonds at the posite N. Y. City, to Buffalo, N. Y., 442 miles ; branches to Audenried,
rate of $200 in bonds for $100 in stock, and offered to take the minor Tomhioken, Hazleton, &c., 751 miles ; Lehigh & New York RR., 115
ity interest on the same terms. V. 66. p. 288. In June, 1900, $45,- miles ; State Line & Sullivan Railroad, 24 miles ; total main line, 1,332
289,200 stock had been exchanged. V. 69, p. 1237.
miles; branches, etc., 846 miles. Total system 2,178 miles; second
track, 569 miles. Trackage: Penn. RR., 13*6 miles; N. Y. Central, 15
E arnings.—For 6 mos. ending June 30 (1900 partly estimated):
B m os ,— Gross.
Net.
C harges.
D ividen ds.
B a l.,su r. miles; sundry trackage, 34*8 miles.
1900..
$12,700,017 $4,626,229 $1,350,000 (3ia)$l,731,327 $1,544,902H istory , E tc.—In March, 1897, arranged with J. P. Morgan & Co.
1899.. 11,005,132 3,440,949 1,410,000 (3^) 1,731,327
299,622 of N. Y. for a general readjustment of finances, including the holding
of voting power for a large biock of the stock.—See v. 64, p. 517,
A nnual R eport .—For 1899 was in V. 70, p. 891; e d it, p. 868.
754; V. 68, p. 474. For list of securities owned, see V. 66, p. 187. In
T ear end. D ee. 31—
1899.
1898.
1897.
J. P. Morgan &
to
75,$20,753,683
$20,297,721 June, 1899,of stock held by Co. exercised the optionand purchase1900,
Total gross earnings.......... $23,613,946
000 shares
the Asa Packer estate,
in May,
Oper. exp. & taxes...........*15,832,146
*13,928,020
13,542,491
it was currently reported that tbe syndicate purchased an additional
Net earnings............... $7,781,801
$6,825,663
$6,755,230 66,600 shares.—V. 68, p. 1226; V. TO, p. 1019.
Coal Property .—The Lehigh Valley RR. Co. owns 3,619 acres of
Net, inel. oth. income......... $8,157,857
$7,172,472
$7,150,851
Rentals paid......................
732,488
656.489
635,895 coal lands and all the ($650,000) stock of the Lehigh Valley Coal Co ,
2,439,410
2,716,348 which in December, 1893, owned anthracite coal and surface lands :
Interest on debt................ 2,314,753
Total a cres. Coal acres.
list’d, y ield .
Divid’s on guar, stock.......
53,350
53,350
53,350
7,242
124,000,000
(7)3,462,655
(6)2,967,990 Owned in fee............... .............. 15,217
Dividends........................... (7)3,462,655
Perpetually leased..................... 8,123
5,741
111,000,000
1,708
47,00u,000
Surplus over divs............. $1,594,611
$560,568
$777,268 Term leases................................ 1,708
4,519
50,000.000
* Includes $1,865,817 expenses for equipm’t in 1899; $699,516 in ’98. Controls through stock owned.. 9,229
Collieries 54, daily capacity about 30,000 tons. (V. 62, p. 364.) The
—V. 69, p. 27, 440,1062, 12 97 ; V. 70, p. 381, 891, 996, 1249, 1291. Hazelton Coal Co. (chartered in 1896) stock is owned and its $2,000,L a k e Shore System .—M a h o n in g Coal R R .—Owns from 000 first mortgage 5s also owned are guaranteed—see V. 64, p. 137.
Youngstown to Andover, O., and branch, 50 miles. Leased in per
The Coal Co. shipped from collieries owned was 3,046,488 tons in
petuity for 40 per cent of gross earnings to Lake Shore, which Jan. 1, 1898-9, 2,609,126 tons in 1897-8, 2,613,725 tons in 1896-7.
1899, owned $865,900 common and $399,500 preferred stock.
D ividends .— ) ’86. ’87. ’88. ’89. ’90. ’91. ’92 ’93. none
D ividends .— > 1889. ’90. ’91. ’92. ’93. ’94. ’95 to Feb., 1900.
Since’85. P. ot. J 4 4*2 5
5
5 5
4 since.
On common. ) 4*2% 5
4*2 8^
8 8 10 (Feb.7%,Aug. 3%)
B onds.—The $15,000,000 m ortgage and col. tru st j s of 1897 were au
The preferred stock certificates are 5 p. c. guaranteed and contain thorized to provide for floating debt and for future improvements,
a clause making them redeemable at par at option of company.
$7,000,000 (which may bear a lower rate of interest than 5 per cent)
For 1898, rental, $302,394; surplus over int. and 10 p. o. on com. and being reserved for improvements or acquisition of stocks or bonds of
5 p. o. on pref., $42,584. In 1897 rental $280,474. (V. 66, p. 89 7.)
other companies at $1,000,000 a year after 1900. The mortgage
L ea v en w o rth T e rm in a l R a ilw a y Sc B rid g e .—Owns high covers 791*69 miles of single track, including branches and sidings,
way and railroad bridge (opened Jan. 1, 1894), 1,110 feet long, over real estate in Philadelphia, and also stocks and bonds of various com
Missouri River at Leavenworth, Kan., and valuable terminal property panies. Lehigh Valley bonds with lien prior to these bonds may be
in that city. The mortgage contains a sinking fund provision. Kan extended or new prior lien bonds issued, but not to increase the aggre
sas City St. Joseph & C. B. (Chicago B. & Q.) and Chicago R. I. & p. gate principal sum or rate of interest of such bonds except as provided
use the bridge at an annual rental of $16,000 each, under a 30-year in the consolidated mortgage. List of collateral pledged to secure
contract from 1894, and Chicago Gt. Western from Sept. 1,1895, for 30 bonds was given in V. 65, p. 1114- see also V. 66, p. 187. The bonds
are subject to call at 107^ p. c.—see “ General Finances” below.
years; rental $14,250. Capital stock, $600,000. (V. t9 , p. 494.)
Guaranties .—.Easton d N orthern -EE.—Road from Belfast to Easton
t
L ea v en w o rth T o p ek a Sc South W e ste rn R y .- V . 7 0 , p. 76.
L eliigli Sc H u d s o n R iv e r R y .—Owns from Greycourt, on Erie Pa., 8 miles; branch to Lehigh Valley RR. at South Faston, 4 miles
Capital stock is $300,000. Lehigh Val. guarantees bonds. (V. 62, p.135.
RR., to Belvidere, N. J., on the Pennsylvania RR., 63 miles, Proprietary
E lm ira C ortland d N orthern EE.—This road, with the Canastota
t
lines: Orange County RR. (entire stock owned—no bonds issued), Hud
Northern, runs from Elm ira to Canastota and Camden, N. Y., 140
son Junction to Maybrook, N.Y. ,on Cent. N.E. Ry. (Poughkeepsie Bridge)
stock, $2,000,000
13 miles; S. E. & P. RR., Phillipsburg to Easton, 1 mile; trackage miles. Thealley R ailw ay Co. o f is owned—V. 62, p. 364,1177.Y., to near
L ehigh V
New
Penn RR., Belvidere to Phillipsburg, 13 miles; total oper., 90 miles. * Sayre, Penn., 175 m. double track, Y ork .—Owns Buffalo, N. Auburn,
and branches
The Central RR. of N. J. and Lehigh Coal & Nav. Co. control the etc., 110 miles; total, 285 miles. Stock all owned to Ithaoa, Val. EE.
by Lehigh
road.—V. 68, p. 568. Coal and coke are over half the tonnage.
Mortgage abstract in V. 51, p. 114. (V. 65, p. 412,1071.)
Securities .—Stock, $1,340,000; par, $100. Warwick Valley 1st
L eh igh V alley Term inal R ailw ay. -Owns double-track road from South
mort. covers 15 miles of road and bonds mature October 1,1900; 2d Plainfield, N. J., to Jersey City, with about 125 acres at Jersey City and a
mortgage covers 22 miles and bonds mature April 1, 1912,
large water front there, etc.; its stock of $10,000,000 is owned by LeGeneral mort. is for $3,000,000; of the $1.124,000 out, $1,062,- Valley RR. (V. 53, p. 640, 880.)
000 are guaranteed jointly, prin. and interest, by the Cent. RR.
M iddlesex V alley .—Naples to Geneva, N. Y., 29 miles. Bonds due
of N. J. and Leh. Coal & Nav. Co. An additional $1,535,000 are re 1942, guaranteed, principal and interest (endorsed).—V. 62, p. 134.
served to take up prior liens and $330,000 for extensions or acquisi
M orris C anal. —Leased for 999 years and dividends guaranteed.
tlons of connecting roads. See form of guaranty, etc. in V. 67, p. 788. Bonds all owned by Lehigh Valley. See V. 50, p. 137.
In July, .91.0, the $65,000 Wawayanda 6s, maturing July 1, 1900,
P en n sylvan ia d New Y ork C anal d R ailroad .—Leased for 99 years
t
t
were being carried, subject to call, at 4 per cent.
from December 1,1888, to Lehigh Valley, whloh has assumed its debt
BAILBOA0 STOCKS iM > BONDS
1900.]
Ju l y
80
INVESTORS’ SUPPLEMENT.
[ Y ol . L X X I.
Subscribers w i l l con fer a great fa v or by g iv in g Im m ed iate notice o f an y error discovered In tbese T a b les.
Bond«—
Princi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &o., see notes of
Road. Bonds Value.
on first page of tables.
Cent. Payable
Whom.
Dividend.
L exin gton < E ast'n —1st M., $1(000,000, gold.Ce.C
&
General mort., gold; incomes to Feb.l, 1900.Co.r
L ittle Kanawhcir^-Xet mort., gold, $15,000 p. m .K .
L ittle M iam i—St’k,com.,gu.8 p.c.,99 yrs.,P.C.&St.L.
Renewal mortgage.............................................. c
Betterment bonds ($3,000,000) formerly 7s........
L . R ock < Hot Sp. W est.—1st M., g., $1,140,000.88t
£
L ittle S chuylkill N av.R R . < Coal—Stock (rental gu.)
£
L o n g I s la n d —2d mortgage................................. 0 *
Consol, mortgage, gold, $5,000,000.....................
do
do
do
..................
General mortgage, gold Ce.............................. 0 "
Metropolitan Ferry Co. 1st M., gold, red. at 110.0"
L. I. RR. M. on ferry for $2,750,000, gold.Ce..o*
Mortgage bonds of 1932 for $560,000, gold........
Debenture ($1.500,000) gold, not subject to oall..
New York & Flushing 1st mortgage, assumed__
Brooklyn Sc Montauk 1st M., $250,000 are 6s...0 *
2d M., g., assum., Bush. Sta. to Eastp. Sc brs.o'
Long Island City Sc Flushing 1st M,. assumed. . 0 "
Consol, mortgage gold, assumed.................... C
UnifiedM ., $4(T,000,000, g. oall 110.U sm ....c& r
1895
92 1895
30 1898
....
84 1882
84 1892
57 1899
32 ....
155 1878
156 1881
156 1881
163 1888
1887
1892
18 1892
__ 1894
2 1880
76 1881
76 1888
12 1881
19 1887
1899
L ea se d L in es , P r in c ip a l o r I n terest G ua ANTE ED.
New York & Rockaway 1st mort., int. only guar..
Smith. Sc Pt. Jefferson, 1st mortgage, guar. p.&L.
L .I. RR. No. Sh.Br.cons.M.$l,50O,OO0,gu.p.&Lc*
N. Y. B. Sc Manh. B. 1st con. M. $1,726,000 g., gu.
N. Y. Sc Rock. B., 1st M. $984,000, gu. p. Sc i ......
N. Y. Bay Extension, 1st mort., giiar. p. Sc i . __
Montauk Extension, 1st mort., guar. p. & 1........
P. P. Sc C. I., 1st and 2d, ($96,000 2ds) gu. p. Sc i.
9
18
30
19
1871
1871
1892
1885
1887
6 1893
21 1895
10 ’86-’91
$1,000 $1,000,000
5 g- J. Sc J. N. Y„ J. K. Tod Sc Co. Jan. 1, 1900
l,000&o 1,500,000
5 g- F. & A. 1 p. ot. paid Aug., 1899 Feb. 1, 1935
1,000
5 g. J. Sc J.
Jan. 1. 1948
(U
50
4,943,100
M./o Cinn.,Office, lstNat.Bk. June 9,’00, 2' k
82b Ö.—
1,000
1,500,000
5
M. & N. N. Y., Bank of America. Nov. 2, 1912
1,000
714,000
do
do
Apr. 1, 1932
3bä A. & O.
1,000
1,140,000
July 1, 1929
4 g- J. & J. St. Louis and Phila.
50
2,487,850
J. Sc J. Phila., Of., 410 Walnut July 10,’00,21«
5 g100 &C
268,703
7
F. & A. N.Y..U.S. Mort.& Tr.Co. Aug. 1, 1918
1,000
3,610,000
do
July 1, 1931
do
5 g. Q.—J.
1,000
1,121,000
do
July 1, 1931
do
4 g. Q .-J .
1,000
3,000,000
J. Sc D.
do
do
June 1, 1938
4 g.
=
500 Sco
1,250,000
do
do
Nov. 1, 1937
5 g- M. Sc N.
1,000
4*fig. M. Sc S.
1,494,000
do
Moh. 1, 1922
do
1,000
332,000
do
do
June 1, 1932
4 g. J. Sc D.
1,000 a 1,135,000
do
do
June 1 1934
5 g. J. Sc D.
1,000
125,000
6
M. Sc S.
do
do
Moh. 1, 1920
1,000
1,000,000 5 & 6g . M. Sc S.
do
Moh. 1, 1911
do
1,000
600,000
do
do
June 1, 1938
5 g- J. Sc D.
1,000
600,000
6
M. Sc N.
do
do
May 1, 1911
1.000
650,000
May 1, 1937
5 g. M. & N.
do
do
l,000&c 5,660,000
4 g. M. Sc 8 .
Mar. 1 , 1949
do
do
500
250,000
500
75,000
1,000
1,425,000
1,000 a 1,601,000
1,000 a 883,000
200,000
600,000
1,000
436,000
7
7
5 g.
5 g.
5 g5
5
4*2
A. Sc O.
M. Sc S.
Q.—J.
A. Sc O.
M. Sc 8 .
J . & J.
J. Sc J.
Semi-an
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Apr. 1, 1901
Sept. 1, 1901
Oct. 1, 1932
Oot. 1, IP 35
Sept. 1, 1927
Jan. 2, 1943
Jan. 2, 1945
1926-1931
a In hands of public; total issued shown in fir st left hand column, balance bei ng depos itedund er L. I. unified mortgag e.
and owns all Its stock. Consol, mortgage bonds of 1888 are reserved to
L ease.—On Deo. 1, 1869, leased to Pittsburg Cincinnati & St. Louis
take up prior bonds when due. The consols Include $4,000,000 of 5 (now Pittsburg Cincinnati Chicago Sc St. Louis) for ninety-nine years
per cents, $3,000,000 of 4s, $1,500,000 of 4^8.—V. 62, p. 950.
renewable forever. The Penn. RR. Co. Is a party to the contract and
L ehigh < New Y ork.—N. Y. State Line near East Waverly to Fair- guarantees its faithful execution. Rental is 8 per cent on $4,943,100
&
haven, on Lake Ontario, 115 miles.—V. 61, p. 558, 750; V. 62, p. 134. stook and interest on debt. Lessee’s report for this road shows
R ochester Southern R R .—Rochester to Hemlock Lake, N. Y ,, 30'16 net loss to lessee: In 1897, $230,645; in 1898, $222,225; in 1899,
miles. Controlled through ownership of stook. Capital stock is $800,- profit, $54,725. Stock authorized, $8,000,000. Beginning Deo., 1899,
000 (par $100); funded qebt $425,000, all owned in 1898 by L. Y.
15 percent extra w ill be paid each Deo. and June from the surplus
L ehigh V alley Coal Oo.—See “ Coal Property” above.
invested fund, making 8 % per cent yearly —V. 69, p. 852.
The stockholders voted on Jan. 30,1900, to modify the lease by re
G e n e r a l F i n a n c e s .— In March, 1897, $8,000,000 mortgage and col
lateral trust gold 5s were authorized (issue to be increased to $15,000,- ducing the interest on betterment bonds issued and to be issued from 7
000 after Jan. 1,1900); $5,000,000 of these were sold to J. P. Morgan & to 3*2 per cent, the lessee agreeing to waive the former right of con
Co. to provide at once for floating debt, new construction and working verting the bonds into preferred stock of the L ittle Miami RR. and
capital, and $3,000,000 may be so used during the next two or three paying $ 1 0 0 ,0 0 0 in commutation of the present fixed charge of $6 ,0 0 0
years and $1,000,000 a year for seven years after 1900.— 64, p. 754. yearly.—V. 69, p. 1247; V. 69, p. 852,1147; V. 70, p. 230.
V.
Beal estate mortgages, $235,521. The reduction of interest to 4 p. c.
M ttle R o c k Sc H o t Springs W e ste rn R R .—L ittle Rock,
on the 1st 6 s extended in 1898 saves $100,000 yearly. In May, Ark., at a connection with the Choctaw Oklahoma Sc Gulf, to Hot
1900, sold to Drexel Sc Co., of Philadelphia, $3,000,000 41 per cent Springs, 57 m iles; opened April, 1900. Organized in 1899, and com
«
oar trusts, $300,000 to be retired yearly. V. 70, p. 1049,1095.
pleted the partially constructed Little Rook Hot Springs & Texas RR.,
L atest RR. E arn s — ) 1899-0.Gross, $11,944,580; net, $1,595,984 sold in foreclosure on Jan. 4,1899. V. 6 8 , p. 85; V. 69, p. 283. Stock,
6 mos., Deo. 1 toMay 31. 5 1898-9-Gross, 10,199,214; net, 1,465,176 $1,140,000, all outstanding; par of shares, $100. Coupons, including
be clipped. President, S. W. Fordyoe, Chemical
For same six months Lehigh Valley Coal Co. shows operations of July, 1900, w ill See., W. S. Mitchell, Little Rook, Ark.; Treas., Bldg.,
St. Louis, Mo.;
S. W.
$376,011, against deficit $344,406 in 1898-99.
Fordyce, Jr., St. Louis, Mo.—V. 69, p. 283; V. 70, p. 791.
A nnual R eport .—The fiscal year ends November 30. The report for
L ittle R o c k Sc M e m p b ls R R .—See Choctaw Sc Memphis RR.
1898-99 was given in V. 70, p. 74,123; see also editorial, p. 101. •
L ittle S c h u y lk ill N av ig a tion R R . Sc t'o a l.—Owns from Port
Y ear end. N ov. 30— 1899.
1898.
1897.
1896.
Earnings from coal. $9,553,950 $8,436,392 $8,560,418 $8,623,574 Clinton to Tamanend and Reevesdale, 32 miles. Re-leased on Deo.
1,1896, to Phila. Sc Read. Ry. for 999 years, and rental reduced from
Misoel. freight........ 8,236,505
7,571,978 7,403,471 7,472,104
Passengers............. 2,760,401
2,718,859 2,672,547 2,556,536 7 p. c. on stock to 5 p. o., gold from Jan. 1,1897; in 1898, 5*2 p. o.; in
M ail, express, etc... 1,019,645 1,015,310
922,630
989,683 1899, Jan., 2 h p. 0 ; July. 3 p. c.; in 1900, Jan., 2*2 P- 0 .; July, 2*2 p. o.
Lessee pays taxes and organ’n expenses.—V. 63, p. 1159.
Total gross........$21,570,502 $19,742,538 $19,559,166 $19,641,897
L on g Is la n d R R .—Operates practically all the steam surface
Op. exps.,ine.rentals 16,648,829 14,188,228 14,413,330 14,710,895 roads on Long Island, adjoining New York City, the system including:
Owns—
M iles.
L ea ses— (If Which see.) M iles.
Net earnings.... $4,921,673 $5,554,310 $5,145,836 $4,931,002 Long Island City to Greenport. 95 MontaukExt. &N. Y. Bay E x t. 27
Other income..........
1,117,728 1,244,945 1,036,288
676,159 Long Island City to Gt. Neck.. 14 N vw York & Rockaway........... 5
Busliwick to Sag Harbor......... 95 N. Y. B’klyn Sc Man. Beach If.. 19
Total net inoome $6,033,401 $6,799,255$6,182,124 $5,607,161
Sundry branches..................... 80 Gr*t Neck Sc Port Washington. 4
$360,000
$360,000)
State taxes.............. $650,639
19,85325,117 > $673,366
Bal. of int. account.
20,393
Total owned........................ 284
Total June 30,1899........379
230,073
239,935)
Loss Mor. Canal,etc.
239,989
Leases —
Double track ........................116
4,744,205 4,484,033 Brooklyn & Jamaica RR......... 10 C ontrols—ea rn in g s kept separate.
In t. and rentals...... 4,824,270 4,844,166
831,058
710,204
590,650 North Shore Branch RR........... 30 N. Y. & Rockaway Beach Ry.1T 14
In t. Leh. VaL Coal.
827,304
O r g a n i z a t i o n .— In May, 1900, control o f the stock was purchased
Total charges... $6,562,595 $6,325,154 $6,079,461 $5,748,049
Pennsylvania RR., which took over
Balance.................. df.$523,194 sr.$474,104 sr.$102,663 df.$140,888 by the1900—V. 70, p. 894, 946, 996, 1149. the operation of the road in
June,
Deficit in 1899 is explained by large expenditures for additions and
S t o c k . —$12,000,000; par, $50; a majority being owned by the Penn
betterments, $1,529,884, against $572,404 in 1898, besides large ex
sylvania RR., as stated above.
penditures for equipment in both years.
The report for 1899 as above does not include the coal properties,
D ividends .— ( 1882. ’83 to ’90. ’91. ’92. ’93. ’94. ’95. ’96. None
for the improvement of which $300,000 was expended in the year and
Per cent. i l
4 yearly 4^2 5
5 41
*
4
4 since.
on whose operations, eto., there was a profit of $58,480.
B onds.—The fe r r y m ortgagetov $2,750,000 covers all the real and per
Other income as above in 1899 ($1,117,728) includes dividends on sonal property pertaining to the company’s ferries (34th Street and
stocks owned, $198,652; interest on mortgages, $43,003; sundries, James Slip); $1,250,000 bonds being reserved to retire the M etropolitan
$38,321, and interest on bonds, $617,970, the bonds embracing:
F erry 5s. As to debentures £ee page 2 of Supplement of A pril, 1895.
$1,400,000 Leh. Val. Coal Co., 1892; $5,( 00,000 Leh. Yal. Coal Co., 1897; »2.000,The u n ified m ortgage (U. 8 . Mortgage & Trust Co., N. Y., trustee,) is
000 Schuvlklll & Lehigh Valley RR., $1,960,000 Hazleton Coal Co., $5< 0,000 Mor for $45,000,000, secured by a lien upon the entire property, $28,ris Canai & Banking Co., »425.000 Rochester Southern RR. Co., $104,000 Mld- 0 0 0 ,0 0 0 being reserved to retire all prior liens, $8 ,? 0 0 ,0 0 0 for change
' dlesex Valley RR. Co., $360,000 Greenville & Hudson Ry. Co., $384,600 Coal of motive power to electricity or other power, if >
deemed advisable,
Ridge Impt. &Coal Co.
President (March, 1900), Alfred Walter. Finance Committee: Alfred $4,500,000 for other improvements, and the $4,000,000 remaining,
Walter, E. T.Stotesburv, E. P. W ilbur and Joseph Wharton.—V. 70, p. with any unused balance, for permanent improvements and additions
at not exceeding $400,000 per annum. Bonds are subject to call a t
7 4 , 1 2 3 , 687, 791,1049,1095.
L e x in g to n & E a s te rn R y .—Owns from Lexington, Ky., to Jack- 1 1 0 in whole or in part on any interest day.—V. 6 8 , p. 618.
■
G uaranties .—in addition to guaranteed bonds in table above guar
son, Ky., about 92 miles. To operate Ohio & Kentucky Ry., to extend
from Jackson, Ky., to oannel coal fields in Morgan County, over 26 antees 5 p. 0 . on $650,000 New York Brooklyn & Manhattan Beach
fc
miles. Capital stock is $500,000; par, $100. General mortgage, preferred stock as part rental; also 4*2 p. 0 . on $50,000 P. P. < So. Br.
«
$2,500,000, of which $1,000,000 reserved to retire the firsts. 1 p. o. stock, and 41 p. o. on $82,500 of the N. Y. & Coney Island stock.
was paid Aug. 1,1898, Feb., 1899, and Aug., 1899,on gen.mort. bonds.
F inances.—Regarding L. I. RR. Terminal Co., incorporated in 1899
In July, 1900, no arrangement had been made to refund or extend the see V. 70, p. 39.
first 5s, the July interest on which was paid. Loans and bills payable
An agreement with the Brooklyn Rapid Transit Co. in April, 1899,
June 30,1899, $69,374.
provides for the operation of trains from .1amaica to Brooklyn Bridge
andfrom Rockaway Park to Broadway ferries. V.68,p.669; V 69,p.654.
E arnings.—11 months, 51899-00 __ Gross, $277,042; net, $106,990
Unified mortgage 4s for $5,685,000 were issued in 1899 to
July 1 to May 31.
1 1898-99....Gross, 235,214; net,
76,807
all real
Year ending June 30,1899, gross, $257,692; oper. expenses and pay the floating oebt and 2 ,0 0 0 ,0 0 0estate mortgages and equipment
notes; to exchange over $
bonds for securities of various
taxes, $178,302; interest on bonds, $80,000. (V. 59, p. 697.)
issues outstanding, and for improvements. The refunding of the obli
L ic k in g V a lle y R R .—V. 69, p. 955,1193.
gations w ill result in an annual saving in Interest charges of about
$24,000, offset by an increase of about the same amount by bonds
L ittle F a lls & D o lg e v ille R R .—Y. 6 8 , p. 1077.
L ittle K a n a w h a R R .—Parkersburg, W. Va., to Palestine. 30 issued for improvements.—V 6 8 , p. 618, 724, 977; V. 69, p 333.
L atest Earnings .—July 1 to Mar. 31, 9 months. System, 399 miles.
miles, thence oy steamer, 20 miles, to Crestón; total, 52 miles. Line
operated from May, 1898. Projected to Burnsville, W. Va., making in
9 m os.
Gross.
Net.
Oth. in c.
C harges.
B alance.
a li 112 miles. Stock, $2,000,000 authorized; issued July, 1898, 1899-00 ..$3,350,801
$869,016 $125,419 $981,046
$13,38»
$426,000. Pres’t, H. C. Jackson; Seo’y and Treas’r, C. L. Williams.
1898-99.. 3,424,304
980,012
97,520 898,129
179,403
L ittle M ia m i R R .—Owns Cincinnati, Q., to Springfield, O.. 84
A nnual R eport .—Fiscal year ends June 30. Annual meeting Is held
miles branch, Xenia, O., to Dayton, O., 16 miles; leases, Columbus A the second Tuesday in April. Report for 1898-99 was in V. 69, p. 642,
XeniaRR., Xenia. O., to Columbus, Ohio, 55 miles ; Dayton & Western 653. The new management Is charging against operating expensesRR Dayton, O., to Indiana State Line, 38 miles Ohio State Line to many Improvements of a kind previously charged to capital account;
Richmond, Ind., 4 m,; Cin. St. Connecting RR., 2 m.; tot. 199 mile»
$149,979 was so applied in 1898-9.
July, 1900.]
RAILROAD STOCKS AND BONDS.
81
Subscriber» w i ll con fer a great fa v o r by g iv in g im m ed ia te notice o f an y error discovered in these T a b les.
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Bonds—Princi
Amount
of
For explanation of column headings, &c., see notes of
Par Outstanding Rate per When Where Payable, and by pal,When Due.
Road. Bonds Value.
Cent. Payable
Whom.
on first page of tables.
¿ ’to-LastDiv.
H
52 1891 $ ........
1895
1,000
1897
500
1881
1,000
....
100
’98-’99
(1)
1881
1,000
1886
1,000
1886
1,000
1887
1,000
1882
1,000
1889
1,000
1893
1,000
1890
5
J. < J.
fc
$1,660.000
125,000
5 g. J. & J. N.Y., Boody, M 0 L.& Co.
250,000
M. Sc S. N. Y ., R. Wihthrop < Co.
fc
5 g2.240.000
6 g. J. Sc J. N.Y., 8. Pac.Co., 23 B’rd
1.500.000 See text. F. Sc A.
Louisville, Ky.
313 to 5 Various
(?)
6
J. Sc J. July,*97, pd. May, 1900.
900,000
2,000,000
6 g. A. Sc O. A pr.,’95,pd. Sep’. 30,’95
670,000
6 g. A. Sc O. Apr., ’95, pd. Sep. 30. ’95
300,000
6 g . A. Sc O. Apr., ’94, coup, last pd.
6
150,000
Various A ll paid when due.
5 g. J. Sc J. July, ’93, ooup. last pd.
3,797,500
2,400,850
4 g. M. sc S. Sept., ’93, coup, last pd.
300,000
6 g. J. & D. June,’93,ooup. last paid
July 15,1931
Jan. 1. 1945
Mar. 1. 1950
July 1, 1921
See text.
1900-1901
June 1, 1921
Oct. 1, 1926
Oct. 1, 1926
Oct. 1, 1927
A pril 1, 1902
July 1, 1940
Mar. 1, 1943
June 1, 1920
1901
ab.10000000
4 g. J. & J.
4,000,000 to be hel d in vo t ing trust for ten years.
100
165 1896
2,200,000
500 M., $2,500,000, gold J. Sc J. N. Y.,71 B’way, Sc St. L.
.......................................
1st
4 8’ M. Sc S. N.Y..J.P. Morgan & Co.
3,000,000
L ou isv. A Jeff.B r. Co.—$5,000,000,g.gu. p.&i.,end.c* . ... 1895
1,000
....
100 52,800,000 4 in 19^)0 F. Sc A N. Y., 120 Broadway.
L o u is v ille & N a sh v ille —
Stock.......................... .
3,500,000
Memphis & Ohio 1st M., Paris to Mem., g.,guar. . 0 * Ï3 0 1871 $ * &
7 g. J. & D. London and New York.
83 1872
1,996,660
Mem.Clarks.&L.lstM.,£,Guthrie to Paris,Tenn.o*
£200
do
do
6 g. F. Sc A.
46 1877 $1,000
435,000
7
M. Sc S. N. Y., 120 Broadway,
Cecilian Br.l'stM.,Cecil,to Louis.,s.f.,dr’nat 100.0*
E.H.&N.lstM . .Henderson to Nash.,g.dr’n at llO .c* 151 1879
1,000
1,950,000
do
do
6 g. J. Sc D.
9,515,000
1,000
Louis. Sc Nash, general M., gold, drawn at 110.0 * 802 1880
do
do
6 g- J. & D.
892,000
7
A. Sc O.
L. C. Sc Lex. 2d m. 6. f. not arm, Louis.to Newp’t.o’1 175 1877 100 Sco.
do
do
4*2 g. M. Sc N.
1,000
3,258,000
General mort. L. C. & L., gold (formerly 6s),.c* 175 1881
do
do
1,960,000
L. Sc Nash.bd8.,S.&N. Ala.RR.,2dm. as ool.gold.o* 189 1880 1,000
do
do
6 g. A. Sc O.
45 1880 1,000
Pensacola Division 1st m., gold (dr*n at 105)..0 *
580,000
do
do
6 g. M. Sc S.
6 g. J. Sc J.
5,000,000
N. O. Sc Mob. Div. 1st M., N.O.to Mobile, gold.o* 141 1880 1,000
do
do
Jan. 1, 1951
SeeV.62,p.l38
Jan., 1946
Moh. 1, 1945
Aug.10,’00,2%
June 1, 1901
Aug. 1, 1902
Moh. 1, 1907
Deo. 1, 1919
June 1, 1930
Oct. 1, 1907
Nov. 1, 1931
Apr. 1, 1910
Moh. 1, 1920
Jan. 1, 1930
L ou isia n a A N orthwest RR.—First mort., g o ld .....
L a . South’ n —1st mort., g., red. at 105 after 1902.0
L ou isia n a W estern —1st mortgage, gold............... c*
L ou isville B rid ge Oo.—Stock...................................
L ouisv. Evan. A St. L ou is Consol.—Receivers’ certs.
1st mort. E. R. Sc E..............................................
1st mortgage, gold............................................ 0 *
2d mort.. with voting power, gold, unassented.c*
Hunt. TeU City &C.RR. 1stM., g.(V.69,p. 1012)c*
Ven. & Car. 1st M. to remain undisturbed...... 0*
L. E. Sc St. L. oonsol. mort., gold ($8,000,000)..0*
General mortgage for $15,OOO,OO0, gold........... 0 *
New Albany Belt & Term. RR. 1st M. end., gold..
45
112
. .. .
. ...
72
182
182
22
7
353
353
2
N e w B onds to b e I ssued u nder R eo rg an iza t io n P LAN.
Southern Ry., St.L. Div., 1st M., $15,500,000, g..
L ou is.H .A S t.L .—St’k($2,000,000ispf.5%non-oum.)
359
Y ear en d in g JuneSO — 1899.
1898.
1897.
• 1896.
GrosB earnings...........$4,622,475 $4,333,194 $3,954,866 $3,962,799
Operating expenses.. 3,311,370 2,989,373 2,737,200 2,541,636
Net earnings......... $1,311,105 $1,343,821 $1,217,666 $1,421,163
Total net...... .7............$1,473,103 $1,473,690 $1,332,510 $1,576,817
Interest on bonds.......
624,096
638,629
658,662
658,411
Taxes..........................
202,957
205,865
210,794
200,973
Rentals....... ..............
322,800
312,800
310,466
271,160
Interest and discount.
73,177
72,521
50,384
16,389
........... (2)240,000 (4) 480,000
Dividends..................................
Balance............sur.$250,073sur$243,875 def.$137,795 def.$50,116
President, W. H. Baldwin. Jr. Directors: John P. Green, Charles
JE. Pugb, 8. M. Provost, C. M. Bunting, W. G. Oakman, P. G. Bourne,
W. H. Baldwin, Jr., C. M. Pratt, L. C. Ledyard, Dumont Clarke, George
W. Young, August Belmont and R. Somers Hayes. Treasurer is Rob
e rt Smith, Broad Street Station, Philadelphia.—(V. 70, p. 39, 480, 584,
894, 945, 996, 1149,1195.
L os A n geles T e r m in a l R y . - Owns 50 miles of road connecting
Los Angeles, Cal., withPasadena,EastSanPedro,Verdugo and Altadena;
standard gauge. Completed in 1891-92. Branch to quarry, l*a miles,
built in Aug., 1898. In March, 1900, lines to Yerdugo, 8 miles,
and Pasadena, 8 miles, were being converted electrically, and
plans were maturing for important extensions. Stock author
ised and outstanding, $3,000,000; par, $100. Mortgage is for $1,500,000 on 44 miles and $20,000 per mile for additional road ; it covers
60 acres of terminal lands in heart of Los Angeles and 40 acres of
water front and terminals at San Pedro, the seaport of Southern Cal.
Year 1898-9, gross. $99,570; net. $6,475; int., taxes, etc., $11,294;
in 1897-8, gross, #91,722; net, $570.
L o u isia n a Sc A rk a n sa s R R .—Stamps, Ark., to Salt Works, 107
miles, with branch to Taylor Junction, Ark., to Pomby, 28 miles;
total, 135 miles. The Arkansas Louisiana & Southern Ry., Cotton
Valley to Sibley, 23 miles, included above, was acquired in June, 1900.
(V. 7Ô, p. 1291.) Extensions are proposed northerly ft om Stamps to
Hope, and southerly from Salt Works to Trinity, La., and Alexandria,
La., on the Red River. Stock issued June, 1900, $600,000; no bonds.
President, William Buchanan,Texarkana, Tex. General office, Stamps,
Ark.—V. 70, p. 1049,1291.
L o u isia n a Sc N orth w est R R . —Bienville toMcNeil, Ark., 78*5
miles, of which Magnolia, Ark., to MoNiel, 6^ miles, is St. Louis South
western trackage. Extension from Gibsland, La.,to Bienville completed
in Nov , 1899. Road is leased for 50 years from Jan. 1,1895, to J. D.
Beardsley Gibsland, La., for interest on bonds, taxes and cost of main
tenance Stock, $3,000,000 authorized; issued Jan., 1896, $700,000,
par, $100. Trustee of bonds, People’s Trust Co., Brooklyn, N. Y.
L o u isia n a Sou th ern R y .—Operates from New Orleans to Belair
and Shell Beach, 45 miles. A reorganization of New Orleans & South
ern, foreclosed October 26, 1896 See V. 64, p. 83. Stock, $300,000, all outstanding; par $100. Year ending June 30,1899, gross, $74,770; net, $23,518; int. and taxes, $17,681; bal., sur., $5,837.
L ou isian a W e ste rn R R .—(See M ap o f Southern P a cific .)—Owns
from Lafayette, La., to Orange, Tex, 112 miles ; branches (2), 35 miles ;
total, 147 miles. Operated under lease by Southern Pacific Co., which
owns all but $50,000 of the $3,360,000 stock. Lessee pays all charges
and gives company 7 p. o. of total net profits under omnibus lease.
E arn in gs .— 11 months, > 1899-0........Gross, $1,257,193; net, $385,261
July 1 to May 31. ) 1898-9........Gross, 1,235,222; net, 539,139
In year ending June 30,1899, gross, $1,345,015; net, including other
income, $586,501; surp. overcharges, $428,182; amount of net profit
due thiscompany as per lease, $321,456. In 1897-8, gross, $1,026,228.
L o u is v ille Sc A tla n tic R R .—Versailles, Ky., to Irvine, 61 miles.
Incorporated in July. 1899, as successor of the Richmond Nicholasville Irvine & Beattyville RR.; sold under foreclosure May 1, 1899.
The Beattyville & Cumberland Gap RR., Beattyville Jot. to Cum< erland Gap, Ky., 7 miles, was in Oct. 1899, reported as acquired or
held in the same interest. Stock, $1,000,000; (V.70, p. 1291); par $100.
Year ending June 30, 1899, gross, $80,671; net, $7,677; against
-•$7,140 in 1897-8. President, James B. McCreary, Richmond, Ky.; Sec.,
D. A. Shanahan, Louisville, Ky ; Treas., James P. Amsden, Versailles,
Ky. Office, Amsden Block, Versailles, Ky.—V. 69, p. 180, 696; V. 70,
p. 1291.
L o u is v ille Rrldsce Co.—Owns bridge 5,294 feet long over Ohio
River at Louisville, Ky., and about 2 miles track additional in Louis
ville. Used by several railroads, P. C. C. & St. L. Ry., Louis. & Nash
ville, etc. Surplus earnings are paid back to roads using bridge.
St o c k is $1,500,000; Penn. R R . owned Jan. 1,1900, $900,400. Div
idends, 1896,6ia p. o.; 1897, 7 p. c.; in 1898. 6 p. c.; in 1899, Feb., 3
p. c. In June, 1900, the Court decided that the minority stockholders
were entitled to 8 per pent dividenris since 1877, but an appeal w ill be
taken. (V. 71, p. 84.) ‘ In July, 1900. paid 8 p. c. dividenafor the first
half of 1900 and last half of 1899. (V. 71, p. 29 ) In year 1899,
gross, $249,670; net, $151,275; taxes, etc., $61,916; dividends, $120,<000. (V. 70, p. 233, 1249, V. 71, p. 29, 84.)
L o u isv ille E v an sv ille Sc St. L o u is C onsolidated R R .—Oper
ated New Albany, Ind., to East St. L., HI., 265 miles; branches to
Evansville, Rockport, etc., in Indiana, 93 miles, with terminals in
East St. Louis, and include the New Albany Belt & Terminal RR., in
New Albany, and the Venice & Carondelet Ry. in East St. Louis.
R e c e iv e r sh ip .—On Mar. 25,1896, George T. Jarvis was appointed
receiver. On June 9,1900, sale of the road under the various mort
gages was ordered, but an appeal has been taken. -V . 71, p. 135.
P lan .—In June, 1900, J. P. Morgan & Co. consented to act as man
agers to carry out a plan of reorganization (V. 70, p. 1291), under
which the Southern Ry. w ill acquire the road, issuing therefor its St.
Louis Division bonds, shown above. Of the new bonds, $10,000,000
(except suffloientto retire the $150 000 Venice & Carondelet 1st 6s,
maturing A pril 1,1902, and any receivers’ unmatured obligations for
equipment) w ill be issuable forthwith; $4,0u0,000 w ill be reserved for
extensions, betterments, improvements, etc., of which $1,000,000 can
be issued presently and the balance at not over $500,000 per annum,
and $1,500,000 only to huild a new line or portion necessary to avoid
high grades on the 75 miles westward from New Albany.
Term s o f E xchange.—The terms of exchange are as follows:
C a rryin g
W ill receive
H olders fo r each $1,000 old bond.
cou pon , new IstM . 4s
$1,180
Evansville Rockport Sc Eastern 1st M. 6s........Jan. 1898
Louisville Evansville & St. Louis 1st M. 6s__ Oct. 1895
1,300
700
Second mortgage 6 p. o. bonds........................ Oct. 1895
Louisville Evansv. & St. L. 1st consol. 5s......Jan. 1894
750
Huntingburg Tell City & Can. RR. 1st M. 6s... Oct. 1894
165
Louisv Evansv. & St. L. gen. M.4 p. c. bonds..Mar. 1894
75
In June, 1900, a majority of each of the above issues exoept the 2d
6s had been acquired.— 71, p. 84.
V.
E arn in gs .—Jan. 1 to June 30, (6 mos.), gross earnings $960,472 in
1900; $791,343 in 1899.
R e p o r t .—Report for ’97, in V. 66, p. 999. In ’98, gross earns., $1,566,130; net, $344,735; construction (betterments), $192,249; miscel.,
$i.378; int. on receivers’ certificates, $25.159; interest on bonds.
$180,000. In 1897, gross, $1,464,678; net, $354,558. -(V . 70, p. 792,
945, 996,1049,1095, 1149, 1195, 1291; V .7 i, p. 135.)
L o u isv ille H en d e rso n Sc St. L o u is R y .—R o a d .—Louisville
to Henderson Ky., 142 miles, of which West Point to Louisville, Ky.,
21 miles, is trackage; owns also Irvington to Fordsville, Ky., 44 miles.
H isto ry .—A reorganization June 1,1896 (per plan in V. 62, p. 138).
of the Louisville St. Louis Sc Texas, sold in foreclosure.
Sec u r it ie s .—The stock is to be held by John J. McCook, Brayton
Ives and Osoar Fenley, for ten years, in a voting trust, unless earlier
terminated by unanimous vote of trustees. See terms V. 62, p. 138.
Of the new bonds (trustee, State Trust Co., N. Y .), $300,000 are re
served to build to Louisville. Bills payable June 30,1899, $57,000.
E arnings .—11 months, 5 1899-0.......Gross, $580,317; net, $183,230
July 1 to May 31.
¿1898-9.......Gross, 480,616; net, 134,367
For year ending June 30,1899, gross, $532,220; net, $151,173; in*
terest, $103,288; taxes, $12,000; balance, surplus, $35,885. In 1897-8,
gross, $525,458; net, $123,468. (V. 62, p. 1177; V. 63, p. 30, 76.)
L o u isv ille Sc Jefferson ville B rid ge Co.—One-half mile long
and the approaches one mile; opened for all business Jan. 1,1896. The
company also owns about 40 acres of land in Louisville and 100 acres
in Jeffersonville. The Big Four and Chesapeake & Ohio use the
bridge. Capital stock is $1,425,000; par, $100. No divs. to July, 1898.
B onds .—The mortgage of 1895 is for $5,000,000 (trustee U. 8. Trust
Co. of N. Y. and Union Trust Co. of Indianapolis); bonds for $2,000,000
are reserved for future construction, etc.; the bonds are guaranteed by
the Chesapeake & Ohio and Cleveland C. C. & St. L. roads, in whose in
terest the entire stock is owned. See V. 61, p. 559. In July, 1899,
earnings sufficed to meet both expenses and charges. (V. 62, p. 84.)
L o u isv ille Sc N ash ville R R .—(Nee M ap.)—R o ad .—Operates main
line from Cincinnati. O., to New Orleans, La., 921 miles, with branches
to St. Louis, Mo., Memphis, Tenn., etc., 1,064 miles, making total sys
tem proper June 30,1899, 2,988 miles. The system includes:
L ines ow ned absolutely or
R eported separately.
M iles.
through en tire ca pital stock. M iles. IINashville Flor. Sc Sheffield.... 107
Louisville to Nashville......... 185 (¡Nashville Chatt. & St. Louis..935
Sundry other lines................2,453 ([Henderson Bridge................. 10
L in es leased, die.
(TGeorgia Railroad system...... 620
IfNashville & Decatur......... 119 Operated for other oo’s........... 52
([South & North Ala. RR...... 182 Owned but leased to other oo’s. 71
Other lines.............................
49 Do. Paducah < Mem. D iv....... 254
&
Total system proper........2,988
(([ See this company.)
Total of all June 30. ’99..5,037
The line of 40 miles between Pineapple and Repton, Ala., completed
in Mar., 1900, iurntshes a direct route from Selma to Pensacola.—V.
68, p. 524. In Feb., 1900, contract was let for extension from Anda
lusia, Ala., to Geneva, about 45 miles. In June, 1900, extension pro
posed from Attalla to Oneonta, Ala., 35 miles, of which 9 miles let;
also proposed to purchase 7*3 miles of graded road extending from
Camden, Ala., southeast.—V. 70, p. 1291.
isKtAANiZATioN, &c.—This company was chartered March 2,1850, and
opened between Louisville and Nashville November, 1859. The liabili
ties for interest on the auxiliary roads are treated mostly as belonging
directly to the Louisville Sc Nashville Co. - A list of the securities owned
and in sinking fund June 30,1899, was in V. 69, p. 748,753.
INVESTORS’
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0T V L
RI R A S S E .
AL O D Y T M
J u l y , 1900.]
KAILROAD STOCKS AND BONDS.
83
Subscriber» w ill confer a great fa v or by g iv in g im m ed ia te notice o f a n y error discovered In these T a b les.
»gw
C
O
•O
L^
RAILROADS.
B onds—Princi
INTEREST
Miles Date Size, or
Amount Rate per When Where Payable and by pal,When Due.
For explanation of column headings, &o., see notes of
of
Par
Slocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
L ou isville A N ashville—(C oncluded )—
N. O. & Mob. Div. 2d M., N. O. to Mobile, g...*c 141 1830 $1,000 $1,000,000
6 g. J. & J. N. Y., 120 Broadway, Jan. 1, 1930
Southeast & St. L. Div. 1st Mort., gold............o* 208 1881 1,000
3,500,000
6 g. M. & S.
do
do
Moh. 1, 1921
2d M., gold, East St. L. to Evansville & br. .c* 208 1881 1,000
3,000,000
3 g. M. & B.
do
do
Mch. 1, 1980
1st M. (50-year 5s), $15,000 p. m., gold...........c* 118 1887 1,000
1,764.000
5 g. M. & N.
do
do
May 1, 1937
1st mort., collateral trust ($7,000,000) gold__ c*
1888 1,000
5 g. M. & N.
5,129,000
do
do
Nov. 1, 1931
Unified mortgage for $75,000,000, gold__ o*&r Text. 1890 l.OOO&c al4,994,000
4 g. J. & J.
do
do
July 1, 1940
Coll, trust, $12,500,000, call at par in 5 yrs., g.c* .... 1898 1,000 12,500,000
4 g. A. & O.
do
do
Apr. 1, 1918
St. Louis property, 1st mort., gold, $650,000...o .... 1891 1,000
617,000
5 g. M. & S. St. Louis, St. L. Tr. Co Mch. 1, 1916
Louisville Ry. Transfer 1st mortgage..................
286,000
M. & N. N. Y., 120 Broadway, May 1, 1901
8
L. & N. and Mob. & Mont.joint bds.,lst M., g.Ce.c* Ï79 1895 1,000
4,000,000
4 ^ g. M. & S.
do
do
Sept. 1, 1945
Pens.&At. 1st M..gold,s.f.,dr’n at llOassumed.c* 160 1881 1,000
2,664,000
6 g. F. & A.
do
do
Aug. 1, 1921
Kentucky Central—Maysville & Lex. RR. m ort...
49 1876 1,000
400,000
7 8 J. & J. N. Y .j 120 Broadway. Jan. 1, 1906
New mortgage ($7,000,000) gold.............M p.c* 220 1887 1,000
6,742,000
4 g. J. & J.
do
do
July 1, 1987
So.& No.Ala.,1st M., s.f., not dr’n, guar, by L.& N. 189 1873
£200
£709,400
6 g. M. & N. London, Baring Co.,L’d May 1, 1903
2d M., gold, s.f., $2,000,000, (owned by L.&N.) 189 1880 $1,000 Own. L. & N.
6 ¿. A. & O. N.Y., Office, 120 B’way. Apr. 1, 1910
Consol, mortgage (for $10,000,000), g., guar.o* 189 1886 1,000 $4,451,000
5 g. F. & A. N.Y., Otfice, 120 B’way. Aug. 1, 1936
L yken s V alley —Stock. Rental pays 5 per cent......
21
20
600,000 5 in 1899 Q.—J. N. Y., Office, 13 Wm. St. July,’0 0 ,1 ^ %
4
M acon, A B irm ing.—1st M„ $500,000, gold...OBc
97 1896 1,000
500,000
5 g. J. & J. Boston, Old Colony Tr. July 1, 1946
M a in e C en tra l —Stock and scrip...........................
....
100
4,977,000 6 in 1899 Q.—
J.
Portand, Me., Office. July 2, ’00, lia
Extension 1st M., gold, Cumberl. Juno, to Dan..c
18 1870 500 &o.
441,500
6 g. A. & O. ) Boston, Nat’l Shaw- ( Oot. 1, 1900
1st consol, m ort.,) ($269,500 5s).................... c&r
1872 100 &c. 4,193,500 5 & 7 A. & O. > mut
< Apr.
1912
$9,000,000......5 ($2,824,000 4s).................. c&r
1872 100 &o. 4,349,000 4 & 4^ A. & O. ) land.Bank & Port- • Apr. 1, 1912
(
1,
Collateral trust bonds for Mt. Desert Branch__ o
41 1883 1,000
669,000
5
J. & D. Bost., Am.L.&Tr.; Port. June 1, 1923
Sinking fd. 10-20s, gold, old 6s, ext. Feb. l . ’95..c . .. . 1885 1,000
600,000
4*3 g, F. & A. Portland Tr. Co., Port. Feb. 1, 1905
Improvement bonds,“A,” gold, not mort., s. f __
. ... 1886
200,000
fe
4*3 g. J. < J. Bos., N.Shaw. Bk.jPort. July., 1916
Do
do
“B” cur., not'mort., s. f __ .... 1887
250,000
J. & J.
4 13
do
do
July, 1917
Me. Cent. Eu. & No. Am. refunding mort., gold...
56 1893 1,000
1,000,000
4 g. J. & J. Boston and Portland. Jan. 1, 1933
European & N. Am. stock, 5 p. o. rental 999 years 1 2 0 . ...
100
2,491,300
5
A. & O. Bangor, Treas. Office. Apr.15,’00,2J*
Portland & Ogdens, stock (2 p. o. rental,999 years) 109
100
4,392,538
2
Q .-F.28 Portland, Me. Cent. Of. May31,’00,1
s%
Consol. M., ($800,000 are 3*38) gu. p. & i.end.c 109 1888 1,000
2,119,000 3*3 & 5 M. & N.
Nov. 1, 1908
a Also $14,000,000 are pledged to secure collat’l trust bonds of 1898 and $3,137, 000 were in th e tr
The stockholders on Oct. 4,1899, ratified the new lease of the Nash
T ear end. J une 30.
1900.
1899.
1898.
1897.
ville & Decatur, the assumption of the entire lease of the Georgia RR.; Net earnings........... $8,883,526
Atlantio Coast Line has half interest as sub lessee (V. 69, p. 591,748), Net, incl. invs’ts., &o 9,643,286 $8,027,898 $7,074,922 $6,523,090
8,568,543 7,665,698 6,950,154
the sale of its Pensacola & Selma RR.in Alabama to the Southern Ala Taxes paid...............
800,292
735,330
640,252
589,516
bama RR. and the purchase of the latter.—V. 69, p. 541.
Interest and re n t... 4,986,389 4,971,702 4,972,592 4,981,993
In April, 1900. the L. & N. offered to purchase on or before July 2, Georgia RR. deficit....................
12,687
162,620
25,440
1900, the minority stock of the Nash. Chat. & St. Louis, giving in ex Loss on other roads..
3,000
12,480
49,975
change one share of L. & N. stock for two shares of that of the N. C. Adv’stoS.&N.A.,etc
252,943
94,744
82,847
129,387
& St. L. V. 70, p. 740. On Apr. 10, 1900, purchased the Nashville Sinking f’d paym’ts.
130.915
127,180
162,008
194,663
Florence & Sheffield Ry. at judgment sale, subject to the first mort Dividends.............. (4)2,112,000(3^s)1848000
gage. Y. 70, p. 792.
T erm inals.—Jointly with Nashv. Chat. & St. L. leases terminal 8l£ p; ° ver divid’ds. $1,357,767
$778,900
$979,180
property in Nashville (belonging to Louisville & Nashville Terminal —V. 70, p, 39,76, 280, 584, 633, 740; V. 71, p. $17632,901
81, 84!
*
’
Co.) for 99 years from 1897. (V. 65, p. 278.) Contract for new station
was let in July, 1898. Y. 67, p. 222, 329, 742.
L o u is v . N ew A lb a n y & C btc.—See Ch ic a g o I n d . & Louisv.
For Henderson Bridge see Miscellaneous Companies.
R
8TOCK.—In July, 1891, it was voted to increase the stock from $48,- „ L y k e n s V alley 20 R . Jk Coal Co.—Owns from Millersburg, Pa., to
Pa.,
miles;
New lease to
000,000 to $55,000,000 for purchase of Kent. Cent. RR., < o Of the new Wilfiamstown, April 20,1896, branch, 1 mile. 60 days’ notice Northern
fe .
Central made
terminable on
bv either
stock $4,800,000 was taken by stockholders of July 21 at 70, and party. Rental $35,000 per annum.—see V. 64, p. 330.
July 1,1899, $2,200,000 was held in the treasury. Further increase
M a con & B irm in g h a m B y .—Owns Sofkee Junction to La
in stock to $60,000,000 authorized in Nov., 1893.—V. 57, p. 596, 809.
Grange, Ga., 97 miles. A reorganization of Macon & Birmingham
D iv id e n d s — >’82. ’83-’87. ’88. ’89. ’90. ’91. ’92. ’93. ’94-’98 ’99.1900. R ailroad sold in foreclosure Dec. 27,1895.
8
Percent. ) 3 None. 5stk. 5stk. 6 5
4
4 None. 3 ^
4
E arnings .— 11 months, ) 1900............. Gross, $72,876; def. $1,090
In Jan., 1899,1*2 p. c.; Aug.,2p. c.; in 1900, Feb., 2 p. o.; Aug., 2 p.
July 1 to May 31.
) 1899............. Gross, 59,317; def.
4.676
c. V. 71, p. 84. In 1890 of the 6 p. o., 4»jo in stock.
In year 1898-99, gross, $65,598; deficit under operating. $9,414: int
B onds .—The E vansv. S en d er, A Nashv. bonds are drawn at 110 by lot on bonds, $25,000, not paid.—(V. 62, p. 1040.)
8 v
annually in October, for payment Dec. 1 in amounts increasing each
M a con D u b lin & S avan n ah R R .—Owns road completed from
five years until $150,000 per year is finally reached; in 1899, $40,000.
The P ensacola D ivision bonds are subjeot to a drawing «ffifriny fnmt Macon to Dublin, 54 miles; projected to Savannah, 99 miles additional.
Oroed by the Illinois & Georgia Improvement Co. of Chicago. V. 60. p
$5,000 till 1900, inclusive, then $10,000, and so increasing.
The gen era l m ortgage bonds of 1880 are subject to call at 110 in in 7 H , 794, 873. Bills payable June 30,1898, $30,079. In year ending
creasing amounts each year; $279,000 paid June 1,1900.— 70, p. 584. June 3 0 ,1.8" , gross, $57,242; net $10,375; other income, $112; total
V.
In June, 1890, the “ u n ified ” m ortgage (trustee, Central Trust Com deductions, $3,654; bal., surplus, $6,833. In 1897 8, gross. $60 159
’
pany) for $75,000,000 was authorized, $41,917,660 bonds being re Stock $1,250,000; par, $100; no bonds.-(V. 60, p. 1058.)
served to retire all prior liens (none of the prior liens can be extended),
M aine Central R R .—Line of road, Portland to Vanoeboro, Me., via
the balance for improvements, extensions (at the rate of $32,000 per Augusta, 251 _miles; branches, Cumberland Junction to Skowhegan.
mile, including equipment), and for other purposes. The mortgage cov via Lewiston. 91 miles; Bath to Lewiston and Farmington, 76 miles;
ers (besides 1,232 miles of road and its equipment) $25,992,535 stock branches—Belfast, Dexter, Bueksport and Mt. Desert, including ferry.
o f companies controlled, and $3,150,000 bonds free from any lien. See (7-7 miles), 132 miles; Portland A Ogdensburg Ry., Portland, Me., to
abstract of mortgage in V. 51, p. 613. On June 30,1899, company re- Lunenberg, 110 miles; small branches, 6 miles; Upper Coos and Here$32,131,000 issued, of which $3,137,000
treasury. Total tord railways, Lunenberg, N. H., to Lime Ridge, Quebec, 108 miles;
Eorted on N. Y. Stock Exchange $14,994,000 inin the 1900.
sted
Jan.,
Dath to Rockland (including steam ferry, 6-10 miles,) 49 miles; total,
Of L ou isville C in cin n a ti A L exin gton general mortgage bonds, 823 miles, of which 345 miles owned, 437 miles operated under 999
issue is now limited to $3,258,000. V. 63, p. 1010.
year leases, and practically owned; 33 miles operated under 50-vear
J
M obile A M ontgom ery—L ou isville A N ashville jo in t m ortgage is for leases and 8 miles ferry lines.
•$5,000,000, a first lien on 178 *2 miles Mobile to Montgomery; $1,000,St o c k .—Stock for $2,516,000 owned by Boston & Maine. V. 66, p.616.
000 reserved for improvements. V. 61, p. 196,750.
D ivid en ds — > 1882.
1883.
1884 to July, 1900.
K en tu cky C entral mortgage abstract V. 45, p. 372.
Percent i
2
5^
6 yeariy
P ensacola A A tla n tic first mortgage bonds (assumed) are gradually
being called for the sinking fund at 110; on June 30,1899, $843,000 . -Bonds , G u aran ties .—Consols of 1872 are held in trust to retire
$441,500 6s due Oot. 1,1900. V. 67, p. 59.
were held in the treasury, making total outstanding $1,910,000.
St. L ou is term inal p rop erty bonds cover freight terminals.
There were also July, 1899, $81,000 Maine Shore Line 6s, due 1922;
The colla tera l tru st bonds of 1898 (see below) are secured by deposit also $126,500 Belfast & Moosehead Lake mortgage bonds, due 1920.
with the U. S. Trust Co., as mortgage trustee, of $14,000,000 L. < N. not guaranteed, interest and sinking fund paid out of the rents •
&
unified 4s and $4,000,000 L. & N. Paducah & Memphis division bonds, Androscoggin & Kennebec stock and bonds, $11,000, exchangeable
"the latter covering the road from Paducah, Ky., to Memphis, Tenn., u>r M. v . stock. Jointly with B. & M. guarantees $300,000 Port.
254 miles. The loan is limited to $12,500,000, and is subject to call at Union Station bonds.
par on and after April 1,1903. (V. 66, p. 337; V. 68, p. 87.)
In Dec., 1899, $800,000 Portland & Ogdens, consol.! 3*38 were sold
., ®
bonds in table, the Louisv. & Nashv. is responsi to refund the $800,000 6s maturing July 1, 1900, since which the
ble for $2,100,000bonds and dividends on $2,305,582 stock of Nashville ?PP8 ,, 316 a flrst llen on the entire line from Portland to Lunenberg.
109 miles. Notes payable, $500,000 July 1 , 1899. against $763,0<?d
& Decatur; and for $2,096,000 Nashville Florence < Sheffield bonds.
te
J Illy 1* ± 098.
G e n eral F inances ,—In 1*98 sold $12,500,000 collateral trust
A nnual R eport.—Fiscal year ends June 30. Annual meeting 3d
bonds, due in 20 years but subject to call on or after April 1,1903,
-deferring sale of L. & N. 4s for better prices. V. 67, p. 742. This Wednesday in October. Report for 1898-99 was in V. 69, p“ J03.
transaction reduced interest charges (includ. int. on floating debt)
T ears en ding June 30—
1899.
1898.
1897
$20F,00? yearly. As a result of refunding there was on Dec. 31, Gross earnings...................... ...$5,022,098
$4,758,801 $4,898,036
1.898, no floating debt, a cash surplus of about $2,000,000 and stocks Net earnmgs......... .................. 1,617,037
1,647,436 W1,612,467
and bonds in treasury worth $9,000,000 to $10,000,000. (V. 66, p. Other income............................
81,071
63,040
52,147
337, 574; V. 68, p. 85.) Since July 1,1894, the “ construction aoooimt’ has been closed, and in the five years ending June 30.1899,
Net income..........................$1,698,108 $1,710,476
$1,664,614
$2,o2i,z30 had been charged to operating exp. for permanent improve Interest...................................... $599,365
$633,907
$657,060
ments. In Feb., 1899, dividends resumed (Feb. 1*3%). V. 68, p. 85. R ents........................................
647,090
648,121
650,480
In Aug., 1899, 2 p.c. was paid. V. 69, p. 130. In Jan., 1900, 600,000 Dividends.................................
298,531
298 527
298,524
-acres of land in Western Florida, acquired through Pensacola & At Sinking fund............................
29,440
29,440
lantio RR., were sold for $600,000. V. 70, p. 39.
On May 26, 1899, the Louisville & Nashville and Southern Ry.
Balance, surplus.. ......... $123,682
$100,481$58,550
acquired the Birmingham So. RR. for $1,100,000. V. 68, p. 774,1078. — o7,p.29,686; V. 69,p .6 95 ,852,903,955,1346; V. 70, p. 1291.
V.
11 mos- ending May 31,1900: Gross $2^,565,067; .M a n ® b ester & L aw re n c e R R .—Owns from Manchester, N. H .,to
met, $8,463,526; in 1898-9, gross, $21,571,192; net, $7,248,616.
“ etbuen (State Line), 22 4* miles. Leased for 50 years from September
A n n u al R epo rt .—Annual meeting is held in Louisville the first Wed
H i t 87’,,
4 1 6 at a rental paying 10 p. 0 dividends. In
11
juesuay in October.Preliminary statement
(partly estimated) for 1895 a diyffi^nd of 50 p. ct. was paid from proceeds O. & M. suit. (V.
H899.0, was in V. 71, p. 81. Report for 1898-99 in V.69, p. 741,746. 62, p. 869; V. 70, p. 532. >
M a n h a tta n R y . (E levated ).—R o ad —
Owns all the elevated rail
T ear end. June 30.
1900.
1899.
1898.
1897.
roads in N.Y. City, main track, 32 miles; also Suburban R.T.RR.,3% m.
Average mileage......................... 2,988
2,988
2,981
Freight earnings.......................... $17,100,715 $15,854,802 $14,641,263 In Apr., 1900, extension of I*« miles begun from terminus of 3d Avenue
line at
iPassengers........................................................ 4.905,584 4,557,7294,291,735177th Street to Fordham. V. 70, p. 176, 633.
-M ail, express, etc............................................. 1,753,187 1,584,1221,439,309
H istory , E tc.—Formed Nov. 24,1875.
Stock .—Increased in Maroh,1899, from
Gross earnings....$27,715,067 $23,759,485 $21,996,653 $20^372,307 meet cost of electrical equipment, etc.—V.$30,000,000 to $48,000,000 to
68, p. 232,282, 380,428,617
INVESTORS’ SUPPLEMENT.
[You LXXI.
RAILROAD
J u l y , 1900.1
STOCKS AN D BONDS
89
Subscribers w i ll confer a great fa v or by g iv in g im m ed ia te n otice o f an y error discovered in these Tables*
RAILROADS.
W ot explanation of oolumn headings, Ac., see notes
on first page of tables.
M aine C entral—(C onclu ded )—
Bonds—
Princi
INTEREST OR DIVIDENDS.
pal,When Dae.
Miles Date Size, or
Amount
of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
Whom.
Road. Bonds Value.
Cent. Payable
Dividend.
Portland Un. StationM.,ser. “A” A “B” text s. f.
Dexter APiscataquis stock 5p.o. rental 999years. ‘ Ï7
17
1st M., Dexter to Dovei, etc., guar, by e n d .....
53
Hereford R’y stock (4 p. o. rental for 999 years)..
53
1st mortgage, guar. p. & i. (endorsed)...............
55
Upper Coos RR. stock, 6 p. o. rental 999 years.
22
1st mort., guar. p. & i. (endorsed)......... .
33
ExtensionM., $21,000 p. m., guar. p. & i.(end.).
48
Knox A Lincoln stock, guar., op. o., 999 years...
48
1st M. Penobscot Shore Line RR. Co., assumed.
48
K. & L. 2d mortgage (for $400,000) assumed...
14
Dexter A Newport, stock, 5 p.c. from Nov. 25, ’98
14
1st M. (old 6s refund, in 1897) gu. p. A i. end.*
18
Eastern Maine, stock, 41 p. ot., rental 999 years
«
22
M anches. <8Law .—Stock,10 p.c.ren’lt ill 1937.B. AM.
Real estate bonds (not mort.) int. gu. by B.A M*c
M anhattan Elevated.—Consol, stock, $48,000,000.. *36
18
Metropol. El. 1st M., $600,000 p.m., assum’d.g.o*
32
N. Y. EL deb., secured by consol, mort. of 1890..
32
Manhattan Elevated consol, mort., gold. o*and r.
9
M an. <t P ik es' P eak R y .- lstM .,$500,000, g.M p .c
34
M ar. <t Phoenix A S. R iv. V. RR.—M.AP. IstM . g..o
43
M. A P. A S. R.V. M., g., $750,000 (V.67,p.l357).o
92
M ason C ity it F ort D odge—1st M.$15,000 p. mile, g.
M e x ic a n C en tra l—Stock, $25,600 per mile.........
1st M. (unassented) (for priority bonds see text).
Consol, mortgage, $32,000 per m., gold.HH.o*<ftr 2.073
1st cons. inc. and scrip,non-cum. ($9,600p.m.),g.o* 2.073
2d con.ino.$6,400p.m.red.at50p.c.tillAug.l929o* 2.073
Registered income bonds and scrip, unassented.r
Equipment bonds, $1,000,000 (5 p. c. due y’rly ).
Do
$1.000,000 (5 p. c, due y’rly Aug. 1)
1887-9 $1,000
100
1889 1,000
100
1890 1,000
100
1890 1,000
1890 1,000
100
1890 1,000
1891 1,000
100
1897
100
100
1892 1,000
100
1878 * A $
1886 1,000
1890 l,000Ac
1891 1,000
1886 1,000
1895 1,000
1886 100, Ac.
100
1881 1,000
1889 1,000
1889 1,000
1889 1,000
1881 1,000
1897 1,000
1999 1,000
J. A J. Portl’d, Me., A Boston. J*ne27, Jan.294
$300,000
Dover, Me., Office. July, '0 0 ,2t«%
J. A J.
5
122,000
J. A J. Bos. N.Shaw. Bk., Port. July 1, 1929
4
175.000
M. A N. Portland, Me. Cent. Of. May, '00, 2%
4
800.000
M. A N. Boston, Nat. Shaw. Bk. May 1, 1930
4
800,000
M. A N. Portland, Me., Offioe. May, '00. 3%.
6
350.000
M. A N. Bost.,N.Shaw.Bk.;Port. May 1, 1930
4
350.000
41« M. A N. Portland, Me., Offioe. May 1, 1930
693.000
F. A A. Portl’d,Me.,Me.Cent.Of. Aug., '00 ,2i«%,
5
200.000
F. A A. Boston, Nat. Shaw. Bk. Aug. 1, 1920"
4
1.300.000
F. A A.
do
do
Feb. 1. 1921
5
400.000
J. A J. Treas’rs Office.Portland July. '00 ,2i«%,
5
122.000
M. A S.
4
1917
175.000
41« M. A N. Rocklan < Me., Office. May, '00, 214%
200.000
M. A N. Manchester and Boston. May 1, '00, 5%
10
1,000,000
J. A J. Boston, B. A M. RR. Jan. 1, 1922
4
274.000
47,999,688 4 In 1899 Q.—J. N. Y., 195 Broadway. July 2, '00, 1%
10,818,000
6 g. J. A J. N. Y., Mercantile Tr. Co. July 1, 1908
M. A S. N. Y., Mercantile Tr.Co. Mob. 1, 1916
5
1,000,000
do
do
A. A O.
Apr. 1, 1990'
28.065.000
f t A. A O. Flower A Co., 45 B’way Oct. 1, 1909^
500.000
540.000
6 g. M. A N. N.Y., Farm. L. A Tr. Co. Nov. 1, 1916
do
do
Deo. 23, 1925
78,000
5 8« M. A N.
In default.
July 1, 1926
1.380.000
6 g. J. A J.
47,940,100
(7) 4 J. A J. Boston,SafeDep.ATr.Co July 1, 1911
321,012
do
do
July 1, 1911
62.643.000
1 8* J. A J.
July 10 Boston, when earned. Jan. 10, 1939
17,352,900
!*•
Jan. 10, 1939
11.276.000
July 1, 1911
July 1
3
395,200
850.000
5 g. A. A O. Ol.Col T. Co.,Bos. ALon. Apr. 1, 1917
do
do
Oct. 1, 1919950.000
5 g. A. A O.
on Tampico Division, 12 miles on Guanajuato Branch, 161 miles on
Guadalajara Division, 55 miles on Ameoa E xt., 44 miles on Pachuoa
Division, Bar extension 6 miles, 40 miles on Laguna Ext. and other
branches 7 m iles; Mexico City Belt Line, 6 miles; extension horn
Jiminez to Parral, 56 miles; Zamora extension, Yuruouaro to Chavinda, 38 miles, operated from Jan. 1,1900; San Marcos Branch, La
Vega towards San Marcos, 17 miles; total June 1, 1900, 2,054 miles.
A ll 56-pound steel. In June, 1900, in addition to the mileage shown
above, about 100 miles were expected to be completed during 1900.
Organization .—Incorporated February 25, 1880, under the general
law of Massachusetts, and also holds a charter from the Mexican Gov
ernment. Debt readjusted in 1889—see V. 48, p. 191, 292, 327. See
also Mexican Central Ry. Securities Co., Limited, below.
Subsidy .—Jan. 1,1900, there was left of the subsidy in trust $2,121,914, to be used whenever necessary for the payment of principal and
interest of the consolidated mortgage bonds, $49,223, having Deen so
used in 1899. Of the $3,000,000 of Mexican Government bonds re
ceivable under Tampico Harbor oonoession for a depth of 22 feet*
$2,790,000 (in Mexican Government 6 per cent bonds) had been re
ceived in April, 1895, corresponding to a depth of 20 feet, and these
were exchanged in 1895 for $2.934,600 of 5 p. 0 . Government bonds.
B onds.—Of the priority bonds $1,403,000 were paid off with proceeds
of subsidy collections, interest ceasing April 10, 1891; the balanoe,
$5,597,000, is held as an investment by the trustee of the consoli
dated mortgage. SeeV. 52, p. 390. The consol, mort., 4 p. 0 ., covers
the entire property, all old firsts deposited, and the subsidy earned and
to be earned. (See abstract of mortgage in Chronicle, Y. 49, p. 177.)
In June, 1900, in addition to the $62,643,000 consol. 4s shown above
$3,705,000 had been certified by the trustee, of which $322,000 held
for exchanges, $1,275,000 as collateral for equipment bonds, $1,000,
000 purchased by trustee under subsidy trust fund and $1,108,000
L atest E arnings.—9 months ending Mar. 31:
issued to and owned by the company.—V. 68, p. 1182. Both series of
9 m o«.
. Gross.
N et.
Other in c.
C harges.
Bed., su r • incomes are non-cum. and secured by one indenture to the American
1899-0.... $6,821,690 $2,892,344 $588,963 $2,060,009 $1,421,298 L. & T. Co. of Boston. First incomes received 3 p. 0. interest in 1890*
1898 9 .... 6,488,023 2,570,007 143,300 2,014,658
698,649 1891 and 1892; none since.
Equipment bonds for $1,000,000 (issued in 1897) are secured by a
A n n u a l R e p o r t — Annual meeting is held the second Wednesday in
and
trust of
November. Report for year 1898-89 was given in V. 69, p. 382, and mortgage on the equipment purchasedto paythe deposit inannually,
$1,500,000 general 4s. The company is
5 p.o. of loan
report for year ending Sept. 30,1899, in V. 69, p. 1008.
a proportional amount of fours being released.—V. 64, p. 843. The
1897.
1898.
Y ear en ding J un e 30—
1899.
equipment and collateral 5s of 1900 are secured by deposit of $500,Gross earnings......................... $8,719,495 $9,183,541 $9,163,742 000 general 4s in addition to equipment purchased and w ill be further
3,861,391 secured by $250,000 additional 4s as released from time to time up to>
3,856,885
Net over operating exp............ 3,458,329
180,276 1904 from the lien of the first series. They are redeemable at lo2^«
211,716
Other income...........................
340,600
2,707,016 per cent after ten years.
2,645,323
Interest, rentals and taxes.... 2,678,416
1,500,000
1, 200,000
Dividends............................
1,380,000
General F inances.—Tampico Harbor Co. bonds of 1894 costing $1,Balance after dividends.. .def.$259,488 sur.$223,275 def.$165,348 702,538 (all owned by and in the treasury of the Mexican Central) are
guaranteed.—(V. 62, p. 869.)
Yr.Sep.30. Passengers. Earnings. Yr.Sep.30. Passengers. Earnings«
E
97.-183,184,641 $9,359,732 arnings.—Mexican our.) 1900...Gross, $7,468,179; net, $2,535,830
1893-94..196,159,323 $10,138,143 1896Jan.
98.. 179,728,356
9,204 466 1 to May 31 (5 mos. )> 1899...Gross, 6,120,993; net, 2,008,317
1894-95.-188,072,645 9,745,927 1897A nnual R eport —Fiscal year ends Dec. 31. Report for 1899 was.
99.-177,204,558
9,325,111
1895-96.-182,437,244 9,352,115 1898given at lensrth in V. 70, p. 838, 845; see also editorial, p. 818. The
—(V. 70, p. 176, 230, 328, 430, 633, 945,1195,1249.
gross earnings below are M exican cu rren cy; all other figures JJ. S.
M a n ito b a 8c N orth w estern B y .—V. 68, p. 1226; V. 70, p. 996. cu rren cy. The oompany received for its Mexican dollars an average
M a n ito u 8c P ik e ’ s P e a k B y . - Manitou, Col., to summit of of 48*41 cents in 1899,46*59 cents in 1898, 48*24 cents in 1897, 53*17
Pike’s Peak, 8*9 miles, standard gauge. Operated from April to No cents in 1896
INCOME ACCOUNT— (U. 8. CURRENCY EXCEPT AS INDICATED).
vember, yearly. Stock, $500,000; par of shares, $100. Last coupon
paid was that of Oct., 1898, in Oot., 1899. For year ending Nov. 30,
Y ear en ding D ec. 31— 1899.
1898.
1897.
1896.
1899, gross, $62,2o9; net, $36,730; intere t on bonds, $25,000. Presi Av’ge miles operated........2,016
1,956
1,956
1,869
dent, H. 8. Cable; V.-P. and Treas., Z. G. Simmons; Sec., J. B. Glasser. Gross eams.Mex.cur$15,602,065 $13,588,966 $12,845,819 $10,208,020
Office, Manitou, Col.
Net earns. M exour.. 5,199,095 $4,427,534 $4,016,318 $3,463,747
2,062,805 1,937,483 1,841,515
M arietta 8c N orth Ga. B y . - See A tlanta K n o xville & N orth . Do do inU.S. cur. 2,516,961
Misoel. in U. S. cur..
187,110
142,858
97,037
155,941
M a rico p a 8c Phoenix & S a lt R iv e r V a lle y R R . —Maricopa
to Phoenix, Ariz, 36 miles; Tempe to Mesa, 7 miles; total, 43 miles. A
Net income........ $2,704,871 $2,205,662 $2,034,520 $1,997,457
consolidation in Deo., 1895V of the Maricopa A Phoenix RR. and Fixed charges......... 2,604,873 2,676,652 2,573,467 2,480,468
Phoenix Tempe & Mesa Ry. Stock, $1,000,000; par, $100; all out
standing. Bonds of 1895 have a sinking fund of $6,000 annually after
1900. V. 67, p. 1357. In 1899 $24,000 bonds were canceled in antic Balance..................sui:.$99,198 df.$410,990 df.$538,947 df.$483,000
49,223
477,947
650,000
461,228
ipation of requirements of sinking iund. President, N. K. Masten; Sec. Subs’yao’tin U.S.our
and Treas., F. I. Kendall, Crocker Building, San Francisco, _Cal.~V.
Result, sur........
$148,421
$66,957
$111,058 df.$21,783
67, p. 1357.
Pres’t, A. A. Robinson; Oompt., J. T. Harmer.—(V. 70, p. 838, 8 4 5 ,
M a r s h a llto w n 8c D a k o ta R R , - V. 69, p. 591.
894, 945, 1195,1291.)
M a so n City 8c F t. D odge R R .—Owns road from Mason City, la.,
Me
Securities Co.*
depos
to Lehigh, la., 88 miles, ana branch, 4 miles. Stock authorized, $5,- itary x ica n C entral R y .in 1899, per plan inL im ite d .—Thisacquire
oompany was formed
V. 68, p. 331, to
000,000; outstanding, $920,000; par, $100. In year ending June 30,
the 4 per cent consols of the Mexican Central Ry. “ and to issue in their
1899, gross, $209,081; net over taxes, $80,716; charges, $82,800; bal.,
two classes of
pay.
deficit, $2,084. Net current liabilities June 30,1899, $1,097,490, in place o( £2 for each securities.” The share capital is raised by aEach
$1,000 bond
cluding unpaid coupons, $1,076,400. President, W. C. Toomey of St. ment bond deposited w ill receivedeposited, for expenses, etc.
$1,000
£102 “A” and £102 “ B” debenture
Paul.—V.68, p. 977.
stock, constituting a first and second charge respectively upon the
M a tto o n 8c E v a n sv ille R R .—Indiana State line, 30 miles north deposited securities, both secured by the same deed of mortgage to
west of Evansville, Ind., to Mattoon, 111., on the main line of the Illi Right Hon. Lord Hillingdon, Right Hon. Lord Revelstoke and H. W.
nois Central, about 100 miles. Incorporated on July 10,1900, by Smithers, trustees. Frederick M. Spankie, Secretary, 3* Graoechurch
representatives of the Illinois Central, to take over the Illinois por Street, London, E. C.—V. 68, p. 331, 524.
tion ot the Evansville division of the Peoria Decatur & Evansville
M exican In tern a tio n a l R R .—(See M ap)—R o a d .— Owns in
RR., foreclosed. Stock, $50,000.—V. 71, p. 135.
Mexico a standard gauge road from Ciudad Porflrio Diaz, on
M e m p h is 8c C h ari.—In 1898 purchasedbySouth.Ry.—V.69,p.333. Southern Pacific, via Torreon, on Mexican Central, to Durango, 546
M exican Central R y . L im ite d (M ex ico ).—(See M ap.)—Mileage m., with branches, 90 m.; Reata to Monterey, 72 m.; branohto Tlahu—Main line Mexico City north to Juarez City, 1,224 miles, 407 miles aliio. 43 m,; new branch, Durango to Canatlan, 37 miles, opened
M a n h a tta n B y .—(Concluded.)
B o n d s .— C onsolidated m ortgage (trustee, Central Trust Co.) is limited
on present mileage to $40,000,000, and w ill provide for prior bonds
when due. Amounts beyond $40,000,000 may be issued for extensions
at the rate of $300,000 per mile of single and $600,000 per mile of
double track. (See abstract of mortgage in Y. 51, p. 248, and applica
tion to New York Stock Exchange in V. 52, p. 353.) Of the consols
the company itself in Apr., 1900, held $300,000 against “ special ac
count” and $44,000 consols to redeem convertible cert.—V. 69, p. 131.
G eneral F inances.—See V. 68, p. 232, 282. To May, 1898, claims
aggregating $8,847,854 had been paid by the company as damages to
abutting property and other cases were before the courts. See Chron
icle , V. 66, p. 954, and V. 67, p. 789. As to personal property tax
assessment, see V. 66, p. 954; V. 67, p. 222, and V. 68, p. 1282.
Amount of taxes in litigation Deo. 31, 1899, per balance sheet, $1,870,313. Y. 67, p. 1053. Of the proceeds of the $18,000,000 increased
slock, the unused portion, along with other funds (in all $13,273,525
on Apr. 1,1900), was loaned out on collateral.
The electrical equipment of the system is ¿expected to be effected
about Feb., 1901. V. 69, p. 1148. The new method of operation is ex
pected to increase the efficiency and economy of the service and net
earnings of the system and nlace the stock, as increased to $48,000,000, upon a 5 per cent basis. See “ stock ” above. Has traffic agree
ment until 1904 with Third Avenue RR. system providing for trans
fers to and from both lines.—V. 68, p. 672; V. 70, p. 1249.
In June, 1900, location for power house had been secured at 74th St.
and East River, and all contracts let.—V. 69, p. 27,131, 955,1148.
D ividends .— >’8 6 . ’8 7 .’88. ’89. ’90. ’91-96.’9 7 .’98.’99.
1900.
Since’85. P.Ct. J 6 6 5 See below. 6 yrly.
4 4 Inol. July, 3
In 1889 1 in cash and 41 in scrip; in 1890,4*« cash and l 1 scrip.
«
«
86
ENYESTOßS’
SUPPLEMENT.
[Y ol .
LKXl,
July, 1900
R A IL R O A D
STO CK S
AND
BONDS
87
Subscribers w ill con fer a great fa v o r by g iv in g Im m ed iate notice o f a n y error discovered In tbese T a b les.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
For explanation of column headings, &c., see notes of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
Whom.
Cent. Payable
Dividend.
Road. Bonds Value.
on first page of tables.
London.
J & J15
4
M ex. Cent. R y S ecurities Co ,L im .—A deb. stock 4% . . . . 1899
£100 £3,388,644
4
J & J15 London, when earned.
3,388,644
1899
100
M ex. In t.—Pr. lien,£1,200,000,red.at par.Un.xc*&r 615 1897 £100&C $5,850,000
4*2 g. M. & S. London, Speyer Bros. Sept. 1, 1947
Sept. 1, 1977
1st consol, mort., $16,000,000, gold. ..M p.xc*dtr 827 ls97 $500&C. 6.353.000
4 g. M. & S. N. Y., 23 Broad St.
4.499.000
Sept. 1
Income 4% bonds (no mort.), non-cumulative....
100 33.350.000
1st M., subsidy, gold, subiect to call at 100— c* 1,064 1887 1,000 10.955.000
6 g. J. & D. N. Y., Nat. City Bank. June 1, 1927
2dM.,ser.“A,’r g„ inc. acoum. (for $16,675,000) c* 1,064 1887 500 &c. 12,265,000
6 g. Ann’iy. Paid 4*2 p.c. Apr., 1900 July 1, 1917
July 1, 1917
See text.
.....
2d M.,ser.“B,” g., inc. non-ac. (for $16,675,000).r 1,064 1887 500 &c. 12,265,000
6 g.
July 1, 1937
7,040,000
3d mortgage, deb. (income not cumulative) gold.r 1,064 1887 1,000
6 g. May 1
London, when earned, May, 1899
£2,329,875 See text.
M ex. NaVl R y. Co., L im ited —A ctfs., 5% non-cum..
1896
do
do
£1,908,400
1896
M exican N orthern —Stock.........................................
83
100 $3,000,000 4 in 1893 Q .-M . N. Y ., office, 27 Wm. St. June 2 ,’00,1*4
do
do
J. & D.
Deo. 1, 1910
1st mort.,U. S. gold coin, s.f. not called.Mo.c*&r
83 1890 1,000 a l,209,000
6 g.
£2,254,720
London.
2,554,100 See text. M. & N.
May 25,’00,1*9
1st preference"stock, 8 per cent..—.....................
....
£10
1,011,960
£10
J. & J. Glyn, M. C. & Co., Lon. Perpetual.
6
2,000,000
Perpetual 6 per cent debenture stock.................. 321
Nov.
Nov., ’99,1*2
£1,000,000
M exican So. R y., L im .—Ordinary shs., £1,000,000.
F. & A.
4
600.000
1st M. 4% deb. stock, £700,000, red. 110. (Text) 228 1896
4
F. & A.
597,400
2d M. 4% deb. stock, £600,000 red. at par, 90 y’rs 228 1896
Oct. 1,1943
M exico C uernavaca dt P a c — 1stM .,g .,$25,000p.m. 310 1893
1,000
(1)
5 g- A. & O.
M ich ig a n C en tra l —Stock......................................
100 Cl8.738.000 4 in 1900 J. & J. N. Y. Gr. Cent. Station. July 28, ’00,2
Consol, mort.—now 1st M. ($2,000,000 are 5s). .c* 270 ’72-’82 1,000 10,000,000 7 & 5 M. & N. N. Y., Union Trust Co. May 1, 1902
4
J. & J. Rg.atG.C.S.; cp.atU.Tr. Jan. 1, 1940
M. C. Michigan A ir Line, 1st mortgage...........c&r 115 1890 1.000&C 2,600,000
M. & S. N. Y., Union Trust Co. Moh. 1, 1931
M. C. 1st M. on Det. & Bay City ($4,000,000)....c 152 1881 1,000 £ 3,576,000 S 5
Q .-M . N.Y-.Gr’d Cent. Station. Moh. 1, 1931
do
do
do
...r 152 1881 l.OOO&C
l
5
M. & S. N. Y., Union Trust Co. Sept. 1, 1909
6
1,500,000
84 ’79-’86 1,000
M. C. 1st mortgage on Grand River Val. RR....C*
M. & N. N. Y ., Gr. Cent. Stat’n. Nov. 1, 1939
5
700,000
M. C. 1st mortgage on Kalamazoo & S. Haven.. .r
l.OOO&c
39 1889
725,000
M. C. 1st M. Term. $1,500,000 (V. 64, p. 886).c&r . . . . 1896 1.000&C
4 g. J. & J. Rg.at G.C.S.;cp.at U.Tr. July 1, 1941
a Exclusive of $451,000 held by sinking fund.
cO f whichj$l 6,189 ,600 held by N. Y. Ce ntral & H. R. RR* Co,
M exican N ation a l R y . Co. L im ite d .—This depositary com
M exican In te r n a tio n a l R B , > (Concluded.)
pany was
in
n
Mar., 1900; extension Canatlan to Chinacates, 45 miles, completed by the “ Aformed B ” 1896 (per p la of in Y. 62, p. 1139, see also p. 635,
” and “
bondholders
the Mexican National RR. Co.
May, 1900; total, 827 m. Organized under laws of Conn.
Its share capital is £24,530 in 10s shares, and is deposited in
0 STOCK.—Authorized $25,000,000; issued Jan., 1900, $18,708,200.
trust to give the control of the depositary oompany to the certificate
B onds .—In 1897 reorganized, reducing fixed charges on 659 holders. The certificates were issued in exchange as follows: £250
miles from $605,360 to about $448,650. Consol. 4s for $3,690,000 A certificate for a $1,000 “ A ” bond deposited; £200 B certificate for
are to be issued at $10,000 per mile on 369 miles of proposed branches $1,000 “ B ” bond and £125 A and £100 B certificate for a Matheson
and $800,000 are reserved for betterments, etc. The total issue of certificate. In June, 1900, there had been deposited all but about
consols is limited to $16,000,000. The prior lien 4*28 are seoured on $3,533,000 of these securities. The “ A ” certificates have
line from Cuidad Porfirio Diaz to Durango, 540 miles and 75 miles of two votes, " B ” certificates one vote for every complete £25.
branches. See details in V. 65, p. 151,1071. Consol. 4s of 1897 listed
D ividen ds —On “A” certificates, in 1898. April and May, 1899, paid
on N. Y. Stock Exchange Feb., 1898. See application in V. 6 6 , p. 341. £2 15s. 8 d. p. o. and in 1900, £3 11s. 8 d. Report for year 1899-00 in
V. 7 i, p. 81. Address 85 Grace Church St., London, E. C.—V. 70, n.
E arnings —Mex. cur’cy. $ 1900....... Gross, $2,232,558; net, $904,182
Jan. 1 to May 31,5 mos.. <1899....... Gross, 1,894,332; net, 857,336 584, 687; V. 71, p. 81.
A n n ual R e p o r t .—Report foryear ending Deo. 31,1899, was given at
M exican N orthern R y .—Owns from Esealon, Mexioo, on the
length in V. 70, p. 683, 690; see also editorial, p. 660, showing earnings Mexican Central Ry., to Sierra Mojada, 83 miles, all steel.
as follows: Gross on average of 737 miles, $4,645,559 (Mexican cur
St o
rency); net, $1,930,850; in u. S. money, net, including other income, N. Y. c k .—Capital stock is $3,000,000; see application for listing on
Stock Exchange in full, V. 64, p. 619.
$907,500; interest, etc., $498,169; balance, surplus, $409,331. Presi
D ividends ............ ) 1892. 1893. 1894. 1895 to 1899.
1900.
dent, T. H. Hubbard. N. Y. of., 23 Broad 8 t. (Y. 70, p. 6 8 3 ,6 9 0 .)
6*2
6
4 yearly.
Inol. June, 2*e
Per cent............ 5 6*2
M exican N ation al R R , - Owns narrow gauge road from Laredo
B onds.—The mortgage is for $1,660,000, of which $451,000 held by
t> City of Mexioo, 839 miles; Acambaroto Uruapan, 143 miles; E l
Salto branch, 45 miles; Matamoras to San Miguel, 76 miles; small the sinking fund in June, 1900. See V. 60, p. 482.
branches, 5 miles; total owned, 1,103 miles; controls through owner
E arnings—11 months, 5 1 8 9 9 -0 ...... Gross, $576,079; net, $225,968
ship of stock, Texas Mexican Railway, Corpus Christ! to Laredo,
July 1 to May 31.
(1 8 9 8 -9 ......Gross, 681,636; net, 333,287
Texas, and branch, 163 miles; other lines, 5 miles; total 1,276 miles.
A nnual R eport .—Earnings as follows in TJ. S. currency:
Gauge, 3 feet; ra il (steel and iron) 40 and 45 pounds to the yard.
Y ear.
Oross.
R et.
Other in c. C harges. D ividends. S urplus
H is t o r y .—A reorganization of the Mexican National R ailw ay fore
1898-9..$749,859 $347,834 $41,161 $137,772 $120,000 $131,223
closed May 23,1887. See also Mex. National Ry. Co., Limited, below.
1897-8.. 548,395 316,793 23,641 137,383 120,000
83,051
Su b s id y .—In 1895 the subsidy certificates, amounting to $3,335,685, —V. 65, p. 6 7 9 , V. 69, p. 1012 ; V. 70, p. 280.
representing uncollected subsidy, were exchanged for $4,544,300 of
M exican R a ilw a y , L im ite d .—City of Mexico to Yera Cruz,
bonds of the 5 p. o. Interior Redeemable Debt of Mexico, which were
deposited with the trustees of the first mortgage of 1887 in lieu of the 264 miles; Puebla branch, Apizaco to Puebla, 29 miles; Paehuca branch,
subsidy certificates surrendered. Since that time $33,900 of these 5 Ometusoo to Pachuca, 28 miles; total, 321 miles.
per cent bonds have been called and canceled.—(See V. 69, p. 1103,
Organization .—Incorporated Aug. 20,1864, as Imperial Mexican
1193; V. 62, p. 593, 1139.)
Ry., Lim. Concessions perpetual, except as to Pachuca branch.
St o c k .—Stock, $33,350,000 (par $100). placed in trust with the
D ividends since 1896, paid semi-annually, yearly rate given: On 1st
Farmers’ Loan & Trust Company, leaving the road in control of 1st and pref., 1897, May, 2*8 p. o.; Nov., 2** p. o.; 1898, May, l 7 p. o.; Nov.,
s
2 d mortgage bondholders until it earns and pays interest on both classes 25s P- o.; 1899, May, 2% p. o.; Nov., 37 P- o.; 1900, May, 3 p. c.
s
of bonds for two consecutive years.. The first mortgage bonds have
E arnings.—Jan. 1 to June 30,1900, 6 months (Mexican currency),
two vote«], the 2d mortgage, A. & B., bonds one vote each [24,530
$2,274,900; in 1899, $4,527,523. For
in all]. Tne Mexican National Construction Company owns a ma gross, gross, $4,177,755, against $2,240,500 year ending Dec. 31,
1899,
in 1898; net
jority of the stock and $7,000,000 of the 3d mort. incomes.—See V. 63,p. operating expenses, $2,039,439; total net revenue, £212,779;above
1115; Y. 64, p. 1137; V. 71, p. 82. Capital reserve fund Jan. 1, 1900, interest, £120,000; special fund, £5,000; div. 37i6 p. o., £87,797. deb.
held $734,786.
Officers .—Chairman, W illiam Newbold; Seo’y, John T. Denniston,
B onds .—The fir s t m ortgage of 1887 is a prior lien upon all the
lines in Mexico, constructed or to be constructed, and upon the Texas London, Eng. London offices, 45 New Broad St., E. C. Y. 6 6 , p. 1001.
M exican Sou th ern R a i l w a y , L im ite d .—Puebla to Oax
Mexican securities. The bonds are redeemable on notice at par. Trus
tee, Capt. W. G. Raoul. Original issue $12,500,000, which has been aca, Mex., 228 m.; sidings, 11m.; all narrow-gauge; branch, standard
reduced to present figure by redemption with subsidy, and maybe fur gauge, 31 miles, Tehuacan to Esperanza, acquired Jan., 1900; total,
ther reduced by sale.of $4,510,400 Mexican Govt. 5s, should the de 259 miles.
cision of the appeal pending in June, 1900, in the House of Lords be
Organization .—Chartered in 1839. Concessions commuted by pay
favorable to the sale. See Su b sid y above.—V. 69, p. 1103, 1193; V. ment in 1892 by Mexican Government of $8,000,000 6 per cent 5070, p. 644; V. 71, p. 81.
year silver Mex. Govt, bonds. These bonds are subjeot to sinking
As to 2d m ortgage bonds see Su pplem en t of April, 1897, and “Mexi fund of *2 per cent per annum, and expire June 8,1990, when the
can National Ry. Co;, Limited”, below. The so-called “Matheson road passes to the State without payment, exoept for stations, rolling
bonds” were issued independently of the company.—See V. 71, p. 29.
stock, etc. In 1896 reorganized per plan in Y. 63, p. 229.
I n te r e s t on ) 1893. '94.
'95. ’96. *97. ’98. ’99.1900* ecurities.—Principal of 1st debenture stock is redeemable at 110
S
“A” incomes. 5 2
0
1
1*2
3
3*2
3*2
4Hj per cent out of sinking fund from redemption of $8,000,000 Mexican
Paid 4 *9 p. c. in N. Y. on Apr. 20,1900. V. 70, p. 584.
silver bonds, deposited under trust deed. Interest on 2d debentures
E arn in gs —5 months,51900...... Gross, $3,377,772; net, $1,595,885 is payable only out of profits on Feb. 1 and Aug. 1. On ordinary
Jan. 1 to May 31. >1899...... Gross. 2,898,092 ; net. 1,393,206 shares 1 p. c. was paid for year ending March 31,1897; year 1897-8,
Net available for interest (5 mos.), $708,657 in 1900; $690,506 in 1*4 P o.; 1898-9, 1*2 p. o.
1899. Above figures are in Mexican currency, to be valued at 80 on
E arnings.—Year ending March 31,1899, gross, £64,662; net, £23,the dollar in U. S. money, all other depreciation having been allowed for. 506; renewal and contingency fund, £5,000; div. (1*2 p. o.), £15,000;
A n nual R e p o r t —Fiscal year ends Deo. 31. Report for 1899, with bal., £3,506. In 1897-8,gross, £63,731; net, £21.036. Jan. 1 to June 30,
the balance sheet, etc,, was given in fu ll in V. 70, p. 630, 641; see also 1900, 6 mos. (Mex. our.), gross, $432,061 in 1900; $377,652 in 1899.
editorial p. 610. Gross below are in M exican cu rren cy, all other figures
Officers .—Chairman, G. E. Paget; Sec. Thomas Linton, 16 Finsbury
in JJ. 8 . cu rren cy. Mexican currency is reduced to U. 8 . currency at 80 Circus, London, E. C. (V. 63, p. 2 2 9,11 12 .)
p. o., all loss above this being charged off in exchange account.
M exico C uernavaca 8c P » c . R R .—Mexico to Balsas River, 182
miles, in operation, and projected to Acapulco, about 163 miles.—V.
INCOME ACCOUNT— (U. S. CURRENCY EXCEPT GROSS EARNINGS).
69, p. 332. As to subsidy from Mex. Gov’t, see V. 67, p. 901. Stock,
Y ear end'g D ec. 31— 1899.
1897.
1896.
1898.
$6,000,000; par, $1 0 0 ; outstanding, Oct.,1898, $2,432,000. Pres, and
Miles operated..........
1,242
1,218
1,218
1,218
Gen. Mgr., J. Hampson, Mexico City,
Gross earnings.........$7,087,675 $6,330,920 $6,080,663 $5,299,025 Wheeler, Denver, Col.—V. 69, p. 3 3 2 . Mex.; Sec. and Treas., Charles
Net earnings.............. 2,728,321 2,393,431 2,388,991 2,020,766
M ich iga n Central R R .—f See M ap ad join in g New Y ork C entral
In t. on 1st M. bonds.. 667,400
674,110
680,720
687,755
In t., dis. & exch........ 1,281,851 1,180,000 1,156,792
793,408 pa ge.)—Line of R oad .—Main line—Kensington to Detroit, 270 miles,
ana Windsor to Suspension Bridge (Canada Southern), 226 miles;
Misc., betterm’ts, etc. 207,573
114,456
129,187
125,269
Sundry charges.........
26,084
11,712 total main line, 496 miles. Branches owned and leased 1,147 miles;
15,565
18,658
trackage 111. Cen., 14 miles; total January 1, 1899, 1,657 miles.
- Balance.........
$545,414 $394,569
$418,364
$402,622 There are 254 miles of second track and 922 miles of side tracks.
Sur. from previous yr.
3,756
34,962
42,373
4,701
Organization , Leases, &c.—The Michigan Central was chartered in
1846; the whole line, Detroit to Kensington, was opened in 1852. Uses
Total............
549,170 $429,531
$460,737
$407,323 Illinois Central from Kensington into Chicago, 14 miles, under a
In t. on “ A” bonds. (4*2)$547,425 <3*2)425,775 (3*2)425,775 (3) 364,950 perpetual lease. Control of the road was acquired by the N. Y. C
Ofllee, 1 Nassau 8 t.,N . Y.—V. 70. p. 630, 641,842; V. 71, p. 29, 84.) & H. R. RR. Co. in April, 1898, as stated below.
INVESTORS’
f t ® .
SUPPLEMENT.
[Y o l . L X X I.
Subscribers w i ll confer a great fa v or by g iv in g im m ed ia te notice o f a n y error discovered in these T a b les.
Bonds—Prm* iINTEREST OR DIVIDENDS.
RAILROADS.
pal,When Dt e.
Dato Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Lat t
of
For explanation of column headings, &o., see notes of
Dividend.
whom.
Road. Bonds Value.
Cent. Payable
on first page of tables.
M ich ig a n C en tra l —(C onclu ded )—
July, ’00 ,2**%
$100
Jackson, Mich.
$491,200
84
5
J. & J.
Grand River Valley stock, rental in perpetuity...
1872 1,000
274,000
M. & N. N. Y., Union Trust Co. May 1, 1902
8
Det. & B. City bonds, endorsed, no mort. lien., .c
May 1, 1903
do
do
1873 1,000
M. & N.
150,000
8
Bridge bonds, endorsed, no mortgage lien........
100
2,000,000
3*fl M. & S. N. Y .. Gr. Cent. Station. Mar. 1, ’00,13*
Jaok.Lans.& Sag. stock, 3 is p.c. y’rly, guar.by end. 295 ....
M. & S. N. Y., Union Trust Co. Sept. 1, 1901
1,836,000
5
Cons, mortgage, assumed, extended in 1891.. o* 295 71&80 1,000
250,000
18 1889 1,000
3 g. J. & D. N. Y., Union Trust Co. Deo. 1. 1989
Bay City & Battle C., 1st M., gold, gu.p.<fc i. end.c*
421,000
41 1889 1,000
3 g. J. & D. N. Y., Union Trust Co. Dec. 1, 1989
Battle C. & Sturgis 1st M., gold, gu. p. & i. end.c*
800,000
J. & J. N. Y .. Farm. L.& Tr. Co. July 10,1907
7
45 1877 1,000
Joliet & North.Indiana 1st M., guar. p.&i. (end.).o
150,000
13 1866 100 &c.
M iddletown Tin. & W. Cap—IstM ., ext.ln ’86........c*
5 g. M. & N. N. Y., N. Y. Busa. & W. Nov. 1, 191Ì
June 1, 1910
500 < c
fe .
do
do
577,000
J. & D.
1871
5
2d mortgage, int. guar. ext. in 1897 (see text)..o*
July ’00, 5%
Philadelphia.
323,375
10
J. & J.
M ill C reek d M ine H ill Nav. dt R R .—Stook............
t
N.Y ., Mercantile Tr.Co. Sept. 1, 1947
1,000
405,000
M ilw. B enton H arb. 4 C o l.- Consol. M., g., $900,000
87 1897
5 g. M. & S.
M ilw aukee L a k e Shore d W estern —See Ch ic a g o & NORT h -W es TERN.
t
M ilw aukee 4 L a ke W innebago—See W isconsin Ce NTRAL RY.
M ilw aukee 4 N orthern —See Chioago Milwaukee & St. Pa uL
50
4,210,200
5 % J & J. Phila.,Office, 119 S. 4th. July 14, ’00, 3
52
M ine H ill dt S chuylkill H av.—Stook (6 p. ct. rental).
Feb.,’98, 3i«%
100
393,400
M ineral Range—
Stock $400,000............. ................
500
340,500
5 g. J. & J. New York, 44 W all St. Jan. 1, 1931
New consol. M., $600,000, gold,red. at 105......... o "Ï7 1891
July 16,00,1 ^
100
6,000,000
.... —
M in n ea p o lis dt S t. L o u is —Common stock..........
«
100
4,000,000 5 in 1900 J. * J. N. Y. Central Tr. Co. July 16,’00,21
Pref. stock (V. 70, p. 1150), 5 p. o., non-oum.......
Jan. 1, 1907
do
do
455,000
27 1877 1,000
7 g. J. & J.
1st M., Minn, to Merriam Jo., gold....................o*
June 1, 1927
do
do
950,000
81 1877 500&c.
1st mort., Merriam Junctionlto Albert Lea,gold, o*
7 g. J. & D.
Jan. 1, 1907
do
do
280.000
15 1877 1,000
7 g. M. & N.
1st M. Minn.& Dul., Minn, to WhiteB.Lake, gold.*
June 1, 1909
do
do
1,015,000
7 g. J. & D.
Iowa exten. 1st M., g.(AL Lea to Fort Dodge) g.c* 102 1879 1,000
Deo. 1, 1910
do
do
636,000
53 1880 1,000
Mort.on Southwestern exten., g. ($12,000 p.m.)o*
7 g. J. & D.
Apr. 1, 1921
do
do
1,382,000
92 1881 1,000
6 g. A. & O.
Pacific extension 1st mortgage, gold................ o*
Nov. 1, 1934
do
do
1,000 a5,282,000
M. < N.
&
1894
5 g.
First consolidated M., $5,282,000, gold........ e*<fer
Moh. 1, 1949
do
do
1st and refunding M., $25,000,000 ($18,000 p. m.) 283 1899 1,000 b7,800,000
4 g. M. & S.
100 14,000,000
M inn. St. P a u l d Sault Ste. M arie.—Common stook.
t
100
7,000,000
Preferred stock, 7 per cent, non-cumulative......
a Of which $282,000 held in treasury June 30, 1899.
b $ 200.000
Canada Southern Contract.—In Nov., 1882, a close contract was
made with Can. So. for the operation of Its road. The contract provided
for a re-apportlonment every five years and In the re-apportlonment
December, 1892, It was agreed that the Canada Southern should there
after reoeive 40 per cent and the Michigan Central 60 per oent of the
first $1,000,000 of net earnings, any amount over that to be divided
as theretofore—one-third to C. 8. and two-thirds to M. C.; but under the
original contract each company is accorded all benefit from reduction
in Its fixed charges. The M. C. to Jan. 1,1899, had reduced its charges
$328,575; this sum is therefore credited to It before the division.
Capital Stock.—The stock has remained at same amount since 1895.
D ividends . >’83 *84 ’85-86 ’87-89 ’90 ’91 ’92-94 ’95 to July,’00
Per cent— > 5
3
nil. 4 yearly 5
5 5^ y’rly
4 yearly
B onds.—The Jackson L a n sin g 4 Saginaw bonds were assumed by
Michigan Central, which also guarantees in perpetuity 3^ per cent on
the stock. The B ay O ity dt Battle C reek mortgage is for $1,800,000,
but amount outstanding is limited to $15,000 per mile. The
total issue of B attle C reek dt S turgis bonds is $500,000, but
of t,hia $79,000 was sub-guaranteed by the Lake Shore & Michigan
Southern, 7 miles of tne B. C. & 8. being operated by that company.
The Bay City & Battle Creek and the Battle Creek & Sturgis Issues both
carry the guaranty of the Michigan Central endorsed on the bonds.
Operations , F inances, &c.—The earnings of Can. So. are included
in the statistics below. As to division of profits between the com
panies, see explanation V. 64, p. 5. A ll betterments and improvements
to the road have been charged to operating expenses, except $70,000
set aside out of net revenue of 1898 as a speoial fund for 2u tracks.
N. Y. C. & H. R. RR. Co. in ’98 gave in exchange its 3^ per cent
100-year gold bonds at the rate of $115 in bonds for $100 in stock.
V. 66, p. 759. In June, 1900, *16,350,600 of the $18,738,000 stock
had been acquired by the N. Y. C. & H. R. RR. Y. 66, p. 1238.
E arnings.—For 6 mos. ending June 30 (1900 partly estimated):
Gross.
Net.
Charges.
Can. So. Div’s.
Surp.
■6 mos.
.*8,170,000 $1,762,000 $1.202,000 $161,000 $374,760 $24,2*0
19110.....
. 7,166,000 1,762,000 1,212,000 163,O O 374,760 22,240
u
1899.....
A nnual R eport .—Annual meeting Thursday following first Wednes
day in May. Report for 1899 in V. 70, p. 942.
T ear en d in g Dec. 31
1899.
1898.
1897.
1896.
Gross earnings....... $15,504,062 $14,046,149 $13,697,238 $13,821,614
Op. exp. and taxes.. 12,004,116 10.545,973 10,249,510 10,392,351
Net earnings.............*$3,499,946 $3,500,177 $3,447,728 $3,429,263
Net, incl’g other ino.. 3,544,624 3,544,854 3,492,347 3,468,948
Rentals paid.............
184,310
184,310
184,310
184,310
Interest on debt....... 2,229,975
2,235,625 2,230,714 2,210,255
Can. Southern share.
300,574
300,667
282,402
296,474
New second tra ck ...
65,000
70,000
...........
...........
Miscellaneous.........
10,326
...........
...........
...........
Dividends................. (4)749,520 (4)749,520 (4)749,520 (4)749,520
Surplus..............
$4,919
$4,732
$45,401
$28,389
* Operating expenses in 1899 include cost of 10,000 tons of new steel
rail, $271.000 for bridges, $900,000 for equipment, etc.
T raffic .—Of the 7,470,951 tons carried in 1895, grain contributed
8*7 per cent; bituminous coal, 10^ p. c.; anthracite, 6*8 p. c.; lumber
and forest produots, 20*7 p. o. Y. 70, p. 9 4 2 , 1291.
M id d le to w n IJn ion v ille Sc W a te r Gap U R .-C See M ap N. ¥•
S usquehanna < W estern.)—Owns from Middletown, N.Y., to Unionville,
6
N. J. State Une, 13*65 miles. Stock, $149,850; par, $50. Controlled
through ownership of stock by New York Susquehanna & Western,
which pays interest on bonds. Principal of the second mortgage 5s,
due Dec. 1,1896 ($250,000), was extended at same rate to 1910. In
$19,810; charges,
f ear ending June 30, 1899, gross, $54,402; net, gross, $49,986; net,
22,317; biu., deficit for year, $2.507. In 1897-98,
$19,922.- (V. 63, p. 1010,1159; V. 64, p. 664.)
M id la n d T e r m in a l B y . - See Denver & Southwestern Ry.
M ill Creek Sc M in e M ill N av igation Sc R R .—M ill Creek Jo. to
Broad Mtn., Pa., 3*8 miles; branch 3*3, second track 3*8 miles; total
track, 33 miles. Leased July 25,1861,for 999 years to Phila. & Read
ing RR. and leased assumed in 1896 by Phila. & Reading R ailw a y;
rental $33,000 and all taxes.
M ilw a u k e e R en to n H a r b o r Sc C olu m b u s R y .—Completed
<Apr., ’00), Benton Harbor to Buchanan, Mich., 27 mile«, to extend to
Napanee, Ind., a total of 63 miles. Capital stock, $600,000; par,
$100; outstanding Apr., 1900, $270,000. On Deo. 31,1899, bills pay
able, $83,767; car trusts, $10,300. Year ending Dec. 31,1899, gross,
$24,709; def. under operating expenses, $1,839; int. on bonds, $20,250. President, A. A. Patterson, Jr., Benton Harbor, Mich.; VioePres., D. H. Patterson; Auditor, Jos. W. Johnston. (V. 65, p. 572.)
M ilw a u k e e Sc L ake W in n eb a g o R R .—(See Wisconsin Central.)
M in e H i l l Sc S c b u y lk ill H a v e n R R .—From Schuylkill Haven
to Ashland and Enterprise Jot., 46 miles; 2d track, 24 m.; total track,
148 miles. In 1897 rental reduced to 6 p. o. on stock under new lease
fo r 999 years from Jan. 1, 1897, to Phila. & Read. Ry. Co. Dividends
paid stockholders are 2^3 p. o. m Jan. and 3 p. o. in July, ^ p. o. being
deducted for taxes.—V. 63, p. 1011.
M in era l R a n g e R R . —Houghton. Mich., to Calumet, Mich., 14
miles, standard gauge; branches, 14 miles; total, 28 miles.
H istory , E tc.—Operated in close connection with Hancock & Calumet
(which see.) Reorganized in 1891. In year 1895 paid dividends 10'1 p.
*
o.; in 1896, 7; 1897,7 p. o.; 1898,31 p. o.
«
B onds.—The consolidated mortgage covers all the property, including
$250,000 of Hancock & Calumet stock, which is five-sevenths of the
whole issue; there are reserved for $13,300 old bonds $7,000 with
trustee. Loans and bills payable June 30,1899, $218,500. Of tonnage
in 1898-9, coal was 18 p. o.; lumber 16 p.o. and forest products 4 p c.
E arnings.—For year ending June 30,1899, gross, $182,584; net,
$30,750; other income, $13,200; interest, etc., $29,638; bal., surplus for
year, $14,311. In 1897-8, gross, $139,732; net, $40,049. Office, 44
Wall Street. N. Y.
M in n e a p o lis Sc St. L o u is R R .—(S ee M ap.)—Owns main line
Minneapolis to Angus, la., 260 miles: Western Div., Hopkins to Watertown, S D., 216 miles; Kalo Branch, 1^ miles; Lake Park Branoh, l 1
«
miles; Winthrop, Minn., to New 01m, Minn., 20 miles. Leases track
age from Minneapolis to St. Paul over St. Paul & North. Pac. RR., 10
miles; total operated, 509 miles. Also owns, but leases to Bur. C. R.
& Nor., Albert Lea to Iowa State Line, 13 m.; and Minneapolis to White
Bear Lake, 13 m., leased to St. Paul < Duluth.
fc
In Feb., 1899, purchased (V. 68, p. 672,) from the Rook Island 123
miles, Morton to Watertown, So. uak., part of the 217 miles of the
unbonded Wis. Minn. & Pac. theretofore operated by Minn. & 8t.
Louis, but accounts kept separate. Also began extending New Dim
branch through rich grain and live-stock country to 111. Central RR. at
Storm Lake, la ., 140 miles, expected to be completed about July 1,
1900. V. 68, p. 130. See Minneapolis terminals in V. 65, p. 732. In
June, 1900, persons identified with Minn. & St. L. obtained control of
the Iowa Central Ry. V. 70, p. 1249.
H istory .—A reorganization in Oct., 1894, per plan in V. 59, p. 371,
of R ailw ay foreclosed under improvement and equipment mortgage.
Stock .—The capital stock is. common, $ 6,000,000 ; preferred,5 p. e.,
non-cumulative, $4,000,000. Both classes of stock have equal voting
power. The $2,500,000 first pref. was paid off at par on June 1,1899.
D ividends .—On p referred non-oum.: In 1896, 3 p. o.; in 1897,
3 p. o.; in 1898, 3*2 p. c.; in 1899, 4*2 p. c.; in 1900, Jan., 2*3 p. o.;
July, 2^1 p.o. On com m on, first dividend, July, 1*2 p.o. V. 70, p.1195.
B onds, E tc.—Bonds issued under the mortgage due June, 1927, num
bered from 1,101 to 1,400, for $500 each, additional to those above
were assumed by the Burl. Cedar Rapids & Northern RR.
As to first consol, mortgage see abstraot V. 59, p. 1145. The re
funding mortgage of 1899 limits the issue of first consols to $5,28 2,000, the amount now issued.
First refunding mortgage of 1899 is for $25,000,000, of which
$5,100,000 sold as below stated, $2.500,000 issued to retire 1st pref.
stock at par June 1,1899, $10,000,000 reserved to retire underlying
bonds, and $7,200,000 for future extensions, improvements, etc.,
under severe restrictions. The mortgage is a»first lien on 283 miles of
road etc., and a blanket lien on rest of property.—V. 68, p. 187, 332.
See fu ll particulars in application to list, V. 69, p. 32.
General F inances. — Jan., 1899, sold $5,100,000 of new 4s to pur
In
chase 123 miles of road and to build and equip 140 miles extension of
New Ulm branch—see above and V. 68, p. 130,187, 332.
E arnings—11 m os., > 1899-0....... Gross, $2,605,259; net, $1,080,033
July 1 to May 31. j 1698-9....... Gross, 2,25*,381; net,
899,944
A nnual R eport .—Fisoal year ends June 30. Statement for 1899-0
(two months estimated) was in V. 70, p. 1195. Report for 1898-99
was given at length in V. 69, p. 901, 911. See also editorial p. 877.
R a m in gs —
1899-00.
1898-99.
1897-98.
Passengers............................
$494,031
$457,480
Freight............................................................
1,860,258 1,650,508
M ail, express, & o...................................
145,715
138,593
Total.......................................................... $2,500,004 $2,246,581
$878,665
Net over taxes........................... )
9q-,
J $977,299
112,703
Other incom e.... .......................5
{
140,903
Total net income....................$1,291,000 $1,118,202
Interest paid................................
892,540
659,540
D iv id e n d s ....................
290,000
294,583
$991,368
580,540
265,000
$164,080
$145,828
Bal. surplus for year............ . $108,460
Pres.,(elected Oct., 1899), Edwin Hawley. Y. 70, p. 1195,1249.
M in n ea p o lis St. P a u l Sc Sault Ste. M arie R y .—Owns Minne
apolis to Sault Ste. Marie, Mich., 490 miles; branches, 57 miles; from
Minneapolis northwest to Kulm, No. Dak., 308 miles; Hankinson to
International Boundary Line, No. Dak., 344 miles; trackage in Minne
apolis, St. Paul, etc., 20 miles In Oct., 1899, extension from Kulm.
N .D ., to Wishek, about 77 miles, in operation, and being completed
towards Bismarck; Rupiel Pavel Branch, Michigan, 25 miles, built in
1899; total, 1,297 miles.
H istory .—Formed June, 1888, by consolidation of the Minneapolis
Sault Ste. Marie & Atlantic, the Minneapolis & Pacific, etc. (See Y.
46, pp. 538, 609.) Controlled by Canadian Pacific, whioh Jan. 1,1899,
owned $7,066,600 common and $3,533,400 pref. stock, eto.
MAP OP THE
MINNEAPOLIS & ST. LOUIS
RAILROAD & CONNECTIONS.
J u l y , 1900.J
RAILROAD
STOCKS
t& Ji
.NT
^ott*
; Syracuse
top!
'
I
»KO.
nodgeCv.
Lag&ed'
90
INVESTORS’
SUPPLEMENT.
[VOL. I X X I
Subscribers w i l l confer a great fa v o r by g iv in g Im m ed iate notice o f a n y error discovered In tbese Tables*
Bonds—
Prlnel •
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Road. Bonds Value.
Cent. Payable
on first page of tables.
M inn. St. P a u l dl Sault Ste. M arie —( C oncluded.)
Minn. Sault Ste. Marie & Atlantic 1st M. gold..c'
495
286
Minneapolis & Pacific. 1st mort., $15,000 p. m..c
Consol. M., gold, int. guar, (end.)—See text__e 1,277
M. S. P. & 8.8. M. 2dM. $5,000,000, g.,int. gu. .Ce 1,277
Gar trusts June, 1900..........................................
M innesota T ransfer —1st mort.—($462,000 are 4slc
20
M is8.O olesb.dtM an.lty —lstM.g.,$200,000s.f. IB .c *
40
M iss. R iver H am b. <t TT.—1st M., gold, $400,000..0
M is s o u r i K a n s a s & T exa s —Common stock......
Preferred stock, 4 per cent non-cumulative......
100
Tebo. & Neosho 1st mort., gold, s. f., red. at 100
M. K. & T . 1st mortgage, gold, C e,..................... 1,601
2d M. (formerly incomes), see text, gold M e ... 1,601
1st M. extension bonds, gold, $20,000 p. m ...c*
Mo. K. & Eastern 1st M., $4,000,000 g., assumed. 162
2d M.. $500,000 gold, guar., assumed............... 162
G uaranteed bonds—
67
Dallas & Waco 1st M.,$20,000 p.m., g.,p.& i. gu.o*
M. K.& T. in Texas 1st M., $20,000 p.m., gold, gu.C* 132
Booneville Bridge,1st M., gold., gu., dr*n at lOO-C
Kan. City & Pacific 1st M.,gold, int. gu , end. ..o. 125
G uar, bonds o f com panies operat'd separately—
Sh.8h.& So.1st M.,$20,000p.m.g.,gu.,p.&i. (end.)C
S. W. Coal&Imp. 1st M. guar. p.&i.end. s .f.in ’99,
M issou ri M idland R y.—1st mortgage, gold.SSt.
M is s o u r i P a c ific —Stock, $70,000,000 authorized
Pao. RR. of Mo. 1st mort., extended in 1888, gold
2d mort. 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. (end.)ext.’9S
3d M. (oover’g all property of Pacific RR. of Mo.]
1886 $1,000
1,000
1886
1888 1,000
1899 1,000
1886
1899
1897
1870
1890
1890
1894
1892
1892
1890
1892
1873
1890
185 1893
1889
9 1899
283 1868
283 1871
1872
13 1873
296 1876
$8,239,000 4 g. & 5 J. & J. N. Y., B’k of Montreal.
do
3,089,000
do
4 (5) J. & J.
do
do
18,180,000
4 g. J. & J.
do
do
3.500,000
4 g. J. & J
New York & Chicago.
668,697
1,000
1,366^000 4 & 5 F. & A. IstN .B ’k.St. Paul,Minn.
Boston.
1,000 NoneJan.’O
O
5 g. J. & J
1,000
400,000
5 g. M. & N. N. Y ., Col. Trust Co.
100 55,181,000
100 13,000,000
1,000
187Ì00Ò
7 g. J. & D. N. Y. Office, 45 Wall St.
do
500 &o. 39,813,000
do
4 g. J. & D.
do
do
500 &c. 20,000,000
4 g. F. & A.
do
1,000
do
1,498,000
5 g. M. & N.
do
do
1,000
4,000,000
5 g. A. & O.
do
do
1,000
500,000
5 g. A. & O.
do
do
1,000
1,340,000
5 g- M. & N.
do
do
1,000
2,685,000
5 g. M. & 8.
do
$&£
do
386,000
7 g. M. & N.
do
do
1,000
2,500,000
4 g. F. & A.
do
1,000
do
1,689,000
5 g. J. & D.
do
do
1,000
988,000
6
J. & J.
142,000
St. Louis, Mo.
5 g- J. & J.
100 47,448,650
N. Y., Mercantile Tr. Co.
do
do
1,000
7,000,000
4 g. F. & A.
do
do
1,000
2,573,000
5 g. J. & J.
do
do
500 &c.
800,000
5 g* M. & N.
do
43 g. A. & O.
fl
500
do
237,500
do
do
1,000
M. & N.
3,828,000
7
July
Jan.
July
Jan.
1903
Aug.
July
Nov.
1, 1926
1, 1936
1, 1938
1, 1949
& 1907
1, 1916
1, 1919
1, 1917
June
June
June
Nov.
Apr.
Apr.
1,
1,
1,
1,
1,
1,
1903
1990
1990
1944
1942
1942
Nov. 1,
Sept. .1,
May 1,
Aug. 1,
1940
1942
1906
1990
June 1, 1943
July 1, 1929
July 1, 1949
July 15, 1891
Aug. 1, 1938
July 1, 1938
May 1, 1938
Oot. 1, 1938
Nov. 1, 1906
The M issouri K an sas dt E astern bonds originally guaranteed were
B onds .—Can. Pao. guarantees by endorsement 4 per cent interest on
all the bonds assenting to a reduction of interest to 4 per cent. (See assumed in June, 1896, the road forming the St. Louis extension from
V. 50, p.784; V. 51, p. 239. About one half the Minn. & Pad bonds Franklin, Mo., to Texas Junction, Mo.. 162 miles. 8ee V. 63, p. 30.
and practically all of the other issues assented. V. 54, p. 799.)
G u aran ties .—Interest is guar, on Booneville Bridge 7s, and prin
Abstract of M inneapolis Sault Ste M arie dl A tla n tic mortgage in V. 45, cipal and interest on Dallas < Waco bonds (issue limited to $1,340,000).
fe
p. 243. The consol, m ortgage of 1888 (trustee, Central Trust Co., mort
The M. K . dt T. in Texas in August, 1892, filed a mortgage to secure
gage abstract Ch ronicle , V. 47, p. 142), was for $21,000,000 on 800 $10,000,000 of bonds at $20,000 per mile for extensions in Texas.
miles (sufficient of this amount being reserved to retire the prior They are guaranteed principal and interest and are so endorsed; trus
bonds) and for $20,000 per mile on all additional mileage.
tee Central Trust Co. See above, and guaranty V. 56, p. 604.
Of the $5,000,000 2d 4s of 1899 $3,500,000 were issued to take
The Sherm an Shreveport dl Southern mortgage is for $6,100,000 at
up certain maturing interest-bearing obligations and current capital not exceeding $20,000 per mile; authorized, $3,300,000, of which
expenditures and for equipping of terminals and additions, the re $1,611,000 pledged under the M. K. & T. mortgage of 1890. Form of
maining $1,500,000 to be Issued hereafter from time to time only as guaranty, V. 70, p. 329.
required.—V. 68, p. 669, 771. 977.
The Southwestern Coal dl Im provem ent C o.'s bonds are guaranteed.
L ate st E arnings .—11 mos.) 1899-0.Gross,$4,752,699; net,$2,¿36,952 Mortgage ($1,000,000) covers the coal on 51,000 acres in Indian Ter
July 1 to May 3L.
j 1898-9.Gross, 3,931,651; net, 1,670,053 ritory, and the company also owns 2,350 acres additional, the Deni
E arnings.—In 1898-99, gross, $4,413,312, net, $1,709,279; other in son & Washita Ry., 15 miles, mines in active operation, etc.
E quipm ent
1899,
come, $2,625; rentals, $126,289; interest, $1,210,557; surplus, $375,- payable part N otes.—On Oct. 31, 1905. these aggregated $1,277,118,
yearly till Aug.,
On Sept. 5, 1899, arranged
058. ( V. 68, p. 977; Y. 69, p. 906.)
to spend $1,000,000 for equipment during the year. V. 70, p. 39.
M in n eso ta T ra n sfer R y .—A union road, owning 14 miles, ex
L atest E arnings .—11 months ending May 31:
tending from junction with Chic. M il. & Ht. Paul at Merriam Park to
Gross.
N et
C harges.
B alance.
Fridley (with stock yards, etc.); side tracks about 42 miles; total 56 1899-00 .........$11,732,347
$3,164,103
$365,082
miles. In 1898 purchased New Brighton stock yards and Minnesota 1898-99.......... 11,159,488 $3,529,185
3,739,524
3,143,571
593,953
Belt Ry. & Transfer Line, 11 miles long, issuing $400,000 4s therefor.
A nnual R e p o r t .—Fiscal year ends June 30. Annual meeting first
(Y. 67, p. 956 ) Has $63,000 capital stock, equally owned by:
Chicago Milwaukee & St. Paul, Northern Pacific, Chicago St. Paul Minn. & Thursday after first Monday in April. Report for 1898-99 in V. 69,
Omaha, Minneapolis & St. Louis, Wisconsin Central, Chicago Burlington & p. 643. The $20,000,000 2d mort., which previously received 2 p. o.
Quincy, Great North., Chic Great Western and Minn.St. Paul &Sault Ste. Marie. yearly ($400,000), became fixed interest charge at 4 p. o. Aug. T, 1895.
Additional bonds can be issued for property and improvements as
T ear end. June 30.— 1899.
1898.
1897.
1896.
required. Principal only is payable in gold. Mortgage trustee, St. Aver.miles operated.. 2,200
2,197
2,197
2,147
Paul Trust Co., St. Paul, Minn.—(V. 66, p. 1238; V. 67 p. 956.)
Passenger earnings. $1,943,123 $1,919,556 $1,818,188 $2,071,406
Freight................... 9,394,922 9,559,000 9,107,207 8,388,544
M ississip p i Colesburg & M an ch ester R y .—Under construc
592,289
568,680
552,919
577,036
tion in Jan., 1900, from Dyersville to Colesburg. I a . , 0 miles. Stock Mail, express, etc...
authorized, $100,0o0; outstanding, Jan., 1900, $10,000. Pres., James
Gross earnings....$11,930,334 $12,047,237 $11,478,314 $11,036,987
Prentice; Sec., W. C. Kirchbeck; Treas., Geo. H. Klaus.
Ope. exp.and taxes. 8,012,829 8,182,388 8,337,399 7,704,100
M ississipp i R iv e r H a m b u rg Sc W e ste rn .—Hamburg to Luna,
Ark., 41 miles. Completed in July, 1899. Stock, $400,000; all issued- Nefearn.,inc.oth.in. ft$3,979,093 ft$3,9^3,939 ft$3,277,915 $3,332,887
Par of shares $100. President, L. A. Cole, 100 William St., New York* Interest on bonds.. 3,063,593 3,061,760 3,061,760 2,983,960
366,817
397,422
365,507
332,534
M isso u ri K a n sa s & T ex a s R y .—(See M a p .)—Ro ad .—Operates a Rentals., &c...........
line with northern termini at St. Louis, Kansas City and Hannibal,
Balance.............sr.$548,683 sr.$474,758 def.$149,352 sr. $16,393
Mo., extending southerly across the Indian Territory and the Texas cot
ton belt to tidewater at Galveston, on the Gulf of Mexico. I t embraces:
ft$61,588 in 1899 and $69,090 in 1898. (V. 70, p .946; V. 71, p. 135.)
R oad owned.
M iles. Operated—not owned.
M iles.
Hannibal, Mo., via Denison &
M issou ri Pacific R y .—(See M ap .)—Operates important system of
Henrietta to Wichita............
18
Whitesboro, to Henrietta.. 689
roads extending westerly and southwesterly from St. Louis, Mo., in
O perated jo in tly .
Juno. City, Kan., to Parsons. 158 St. Louis to Texas Junction.. 24 cluding main lines from St. Louis to Omaha, Neb., 495 miles, and from
Texas Jet. to Franklin J e t... 162 Kansas City to Paola............
43 Kansas City to Denver, Col., 758 miles, with many branches in Kan
Ft. Worth to Houston, Tex.. 327 Whitesboro to Ft. Worth......
fe
71 sas, eto. Through the St. Louis Iron Mt. < Southern,which it controls,
Paola, Kan., to Sedalia, M o.. 86 Galveston Hous. & H end.... 50 connection is had with Texas and the lines of the Texas & Pacific,
Paola to Stevens, etc............ 150
International & Great Northern and the St. Louis Southwestern, the
Total operated................... 2,221 whole forming what is known as the “ Gould System,” in which the
Branches (10) to Mineola, etc. 443
Operated separately.
heirs of Jay Gould are largely interested (see list of Mr. Gould’s hold
Sherman Shrev. & Southern—
ings, V. 60, p. 83.) The Mo. Pac. property includes:
Total owned.......................1,865
WaskomtoGreenv.,Tex.,&o. 185 L in es owned and con trolled . M iles. Leaded lin es and trackage. M iles.
Org an ization , &c .—Reorganized in 1890, without foreclosure, [plan St. Louis to Omaha............... 495 Boonville St. L. & Southern... 44
in V. 49, p. 719,] the old first mortgage being paid off at par.
Pleasant H ill to Joplin, Mo.. 133 Verd. Valley Ind. & West........ 81
The entire capital stock of the “ M. K. & T. Railway Co. of Texas ” 12 branches owned.............
450 Leroy & Caney Valley............. 52
is deposited with Central Trust Co. as trustee for cue M. K. & T. secu Proprietary lines [entire st’ek
Kansas City & S. W................. 48
own’d]form’glineto Pueblo,
Trackage to St. Joseph, eto.... 27
rity holders. (V. 54, p. 1047; V. 55, p. 298.) M. K. It Eastern was ab
sorbed in June, 1896, and K. C. & Pac. in 1900.—V. 63, p. 30; V. 70,
Col., eto.............................. 1,833
p. 76.
Total Mo. Pacific and branch lines............................................ 3,163
Purchase of Sherman Shreveport & Southern was authorized in
Also owns all capital stock of Central Branch Union Pao., etc., 388 m.;
May, 1899, on condition that the road be extended from Jefferson, St. Louis Iron Mountain & Southern and leased lines, 1,773 miles.
Texas, to Wascom, 30 miles, operated from July, 1900), and from San Grand total Missouri Pacific mileage January 1,1900. 5,324 miles. In
Marcus to San Antonio, 50 miles, witnin two years. V. 68, p. 077. In Mar., 1900, extension from Bagnell, Mo., to Springfield, reported to be
Oot., 1899, acquired K. 0. Eldorado & So. Ry. V. 70, p. 76.
proposed, also one from Cornell, Kan., to Webb City, Mo., *20 miles.
L and G r a n t .—Land grant in Indian Territory 3,110,400 acres, sub
Org an ization , L eases , &c.—The Pacific RR. of Missouri was sold in
ject to extinguishment of Indian title. For status in 1897 and 1898. foreclosure September 6,1876. The present company was a consolida
see V. 67, p. 222; V. 65, p. 542, 594. (V. 55, p. 937; V. 61, p.1155.)
tion in August, 1880, embracing the Missouri Pacific and minor roads.
St o c k .—Besides stock as above the Boonville RR. Bridge Co. has The bonds of the proprietary lines are praotically all pledged to secure
$1,000,000 stock; and the M. K. & T. of Texas has $2,012,500 of stock Mo. Paoiflo loans. The Iron Mountain stock is mostly owned by the
fe
Included by M. K. & T. in its balance sheet in the outstanding capital. Missouri Pacific. Control of the International < Great Northern
Common stock was increased from $52,450,000 to $55,181,000 in was secured in 1892 and of Central Br. U. P. in 1898-99. - See V. 68,
1900 to absorb Kan. City & Pao. (but see Y. 7 J, p. 135) and Kansas City p. 329, 520. As to Texas & Pao., see below.
Eldorado & Southern rys.— 69, p. 1148,1346; V. 70, p. 76,946.
,V
D iv id e n d s — ) 1881. ’82. ’83 to ’87.
’88. ’89. ’90. ’91. None
P ercen t...) 6
e3
*
7 yearly.
(i3
*
4 4
3 since.
B onds .—M. K. &. T. 1st and 2d mortgages of 1890 [abstracts in V.
51, p. 495] cover line from Hannibal, Mo., to a point 80 miles from
B onds .—The con solid ated m ortgage is for $30.000,000—trustees John
Houston, Tex., 941 miles [except 71 miles of trackage] and sundry F. Dillon and Edward D. Adams—the balance unissued is in trust to
branches, the total mileage mortgaged being 1,601 miles, including the redeem prior bonds due if deemed best. Abstract in V. 47, p. 287.
Sherman Shreveport & So., formerly the East Line & Red River RR.
The colla tera
of New
The bonds of the Sher. Shr. & So., except $1,050,000 [turned over to M. York, trustee) l trust bonds due 1917 (Union Trust Company $1^-000
mortgage
at
K. & T. for standard-gauging the line] are deposited as part security or $15,000perare secured byembracing bonds of new roadsScott, Kan.
these
the line from
for the aforesaid mortgages. These mortgages also cover the right to to Pueblo.Col.mile; For securities pledged, etc., seeFort ,p.678.
etc.
V. 46
the land grant in the Indian Territory. Firsts are reserved for T. & N.
As to colla tera l tru st bonds due in 1920, see V. 50, p. 669, 874;
firsts; on Stock Exchange to July, 1900, $39,718,000 had been listed,
Payment of interest on the second m ortgage of 1890 is obligatory since $2,636,000 to be pledged for gold bonds of 1900 and $7,000,000 out
the coupon of Aug. 1,1895; previously ttreceived2 p. o. interest yearly. standing.
July, 1900.]
BAILROAD
STOCKS
AN D
BONDS
01
INV ESTONS’
SUPPLEMENT.
[Vol. l x x i .
July, 1900.]
RAILROAD
STOCKS
AND
93
BONDS.
Subscribers w i l l con fer a great fa v o r b y g iv in g Im m ed iate notice o f a n y error discovered in tliese T a bles.
Bonds—Princi
INTEREST OR DIVIDENDS.
_______________RAILROADS.______________
pal,When Due.
Miles Date Size, or
Amount
For explanation of column headings. &o., see notes of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
Dividend.
Whom.
Road. Bonds Yalue.
Cent. Payable
on first page of tables.
M issou ri P a cific—( Concluded )—
55 1880 $500&c.
$650,000
Mo. Pacific 1st M., Lexington to Sedalia, Mo, gold
5 g.
Consolidated mortgage, $30,000,000, gold...c* 1,076 1880 1,000 14,904,000
6 g.
•Gold collateral trust...................................... e*<fer 1,120 1887 1,000 14,376,000
5 g7,000,000
5 g.
1st collateral mort. bonds for $10,000,000 gold.c* 671 1890 1,000
6,712,000
1895
5 g.
Gold funding notes to be redeemed at p a r........c
12 000,000
5 g.
1900
Debentures Tcol. tr.) g., $15,000,0« 0 (V.70,p.894)
’52Ö,’666
52 1886 1,000
5 g.
Ler. & Caney Val. 1st M., g., gu. (V. 70,p. 1095).o*
806,000
Verdigris Val. Independence & W. 1st M.,g.,guar.
81 1886 1,000
5 g.
M issou ri P a cific System —St. L ou is Iron . M t. <6 So.
StL*IMRR.gen.oon.Al.g.M($45,000,000)g,Me.c* 1,428 ’81tO’7 1,000 a35,749,000
5 g.
6,956,000
Do
do
gold, stamped, guar. p. & l..c * 1.428
1,000
5 g.
Unifying & ref. M., gold, $40,000,000.M ... pc* 1,428 1899 1,000 19,114,750
4 g.
6
391,000
Car trusts June, 1900, due 10 per cent yearly..
6
1873
200,000
Baring Cross BridgeCo.,1st m.,gold,red. to 6p.e.
7
2,342,500
Little Rook & Ft. Smith 1st M.,land gr. sink.fund.. 165 1875 500 &c.
6
2 1891 1,000
435,000
Little Rock June. 1st M., guar. p.& i.by Iron Mt..o*
9 0 0 ,0 0 0
M obile <t L irm m gh . RR.—Pref. stock ($900,000)....
100
600,000
5 g.
Prior lien, gold, $600,000............................. Ce.c 149 1895 200, 1,000
Mort., incomes, 4% to July 1,’99, $1,200,000. M e. o 149 1895 200, 1,000 1,200,000 2 in 1898
1,000,000
50 1896 1 ,0 0 0
5 g.
M obile Jackson <e K . O.—lstM.,g.,$4,000,000.Ce.o*
5,320,600 See text.
M obile <e Ohio—Stock ($10,000,000 authorized) gold
100
6
lBtM.,Mob. to Col. (prin. gold,int. lawfulmoney).o* 472 1879 500 &o. 7,000,000
55 1883 1,000
1,000,000
6 g.
1st mort., extern,Colum. to Cairo & branch,gold.c’'
4 g.
General mort. for $10,500,000, (now gold) s. f...o 527 1888 50Ö &e. 9,472,000
4,000,000
5 g.
Montgomery Div., 1st mort., $4,000,000, gold..c* 189 1897 1,000
4 g.
Collat. trust, gold, ($2,500,000) call at par G.o*
1900 1,000
(Î)
St. Louis & Cairo 1st mort., gold, int. guar...... o 161 1886 5ÓO&0. 4,000,000
4 g.
200,000
MobUe & B.Sh.lst M., $200,000, gu.,p.&i..g.F.O*
38 1899 500 &c
5 g.
5-6
683,000
’94-’99 1,000
Equipment bonds ($465,000 are 6s).....................
2,500,000
4 g.
dfoA.cejfatone-lstM.,$15,OOOp.m.,g.,gu.p.&l.(en.)o> 181 1892 1,000
Income bonds non-cum., 5 per cent (see text)__
1892 1,000
3,900,000 Up to 5
a Only $35,716,000 of this listed on N. Y. Stock Exoha nge in July, 1 900.
G en e r a l F inances .—In Mar., 1900, $22,080,000 of the $23,172,588
Texas & Pacific 2ds had been exchanged for 65 per cent in a new St.
L. & I. M. bond. (V. 68, p. 283, 619, 725, 774.)
The stockholders voted on July 16, 1900, to authorize an issue
of $15,000,000 twenty-year 5 per cent gold bonds, of which
$12,000,000 were sold to reimburse the company for oapltal expendi
tures and to retire obligations bearing from 5 to 6 p. o. interest, in
cluding $6,"712,000 five p. c. gold funding notes, the security for which
w ill support the new gold bonds. The debentures are convertible
into stock, dollar for dollar, at the option of the holder. V. 70, p. 894,
997.
E arnings .—Jan. 1 to June 30, (6 months), gross of Mo. Paciflo and
8t. L. I. M. & So. combined, $14,357,550 in 19c0; $13,096,177 in 1899.
A nnual R e po r t .—Fiscal year ends Deo. 31. Annual meeting is held
at St. Louis in March. Report for 1899 was in Y. 70, p. 527. Earnings
of Missouri Paciflo system have been as below. “ Other income ” in
1899 includes: Dividends American Refrigerator Transit Co;, $25,729,
Paciflo Express Co., $144,000; premium from sale of bonds, $860,000;
int. on funding notes, $24,750; sleeping oar earnings, $84,121.
Y ea r en d in g D ec. 31.
I f 99.
1898.
1897.
4,938
4,938
4,938
Miles operated....................
Total earnings................. $28,079,820
$26,744,822
$24,805,451
Net earnings..................... 8,447,707
7,572,254
7,351,340
Other inoome, &o............ 1,914,328
835,435
826,271
Total net income........$10,362,035
Interest paid on bonds... $5,696,750
Rentals and taxes........... 1,412,441
Sundry accounts............... 2,096,172
Divs.onSt.L&I.M.&So.stk
515,745
$8,407,689
$5,346,195
1,410,817
470,778
$8,177,611
$5,437,288
1,408,899
836,303
Balance.....................sur.$640,927 sur.$1,179,899 sur.$495,121
Excluding Iron Mountain and other auxiliaries, the report shows:
Y ear ending D ec. 31—
1899.
1898.
1897.
Miles operated December 31......
3,164
3,164
3,164
Gross earnings............................ $11,159,726 $14,111,277$12,985,165
Net earnings................................ $3,099,027 $3,269,287 $3,246,934
Dividends, interest, &c., received. 1,236,375
796,580
787,852
Total net income....................$4,335,402 $4,059,867 $4,034,786
Interest on bonds.................
$3,058,438 $3,058,438 $3,058,437
Taxes, rentals, &c........................... 877,092
993,782
882,534
Balanoe for vear........................ sur.$399,872 sur.$7,647 sur.$93,815
—V. 69, p. 27,133; V. 70, p. 328, 5 2 7 , 532, 894, 997; Y. 71, p. 135.
M isso u ri Pacific System—St. L o u is Ir o n
M o u n ta in &
J. & J.
M. & S.
do
do
do
do
Aug. 1, 1920
Nev. 1, 1920
Jan. 1, 1917
Aug. 1, 1920
Moh. 1, 1905
1920
July 1, 1926
Mob. 1, 1926
A. & O.
A. & O.
J. & J.
Quar’ly.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Apr. 1, 1931
Apr. 1, 1931
July 1. 1929
1900-1905
Apr. 19,1898
Jan. 1, 1905
Apr. 1, 1916
F.
M.
M.
F.
M.
& A. N. Y ., Mercantile Tr. Co.
& N.
do
do
& S.
do
do
& A.
do
do
& S.
do
do
J. & J.
A. & 0.
J. & J. N. Y.,J. P.Morgan&Co.
J. & J.
do
do
J. & D. N. Y., Central Trust Co.
N. Y. Office, 11 Pine St.
J. & D. N. Y ., Farm. L. & Tr. Co.
Q.—Jan.
do
do
M. & S. N. Y., Gallatin Nat. Bk.
F. & A. N. Y.. Central Tr. Co.
Q.—F.
New York.
J. A J. N. Y ., Farm. L. & Tr. Co.
M. & N. 1st Nat. Bk.,Mobile,Ala
Various. N. Y ., Farm. L. & Tr. Co.
M. & 8. N. Y„ Knickerb. Tr. Co.
Sept. 1. N. Y. Of., when earned.
July 1, 1945
July 1, 1945
June 1, 1946
Feb.28,’98,1%
Dee. 1, 1927
July 1, 1927
Sept. 1, 1938
Feb. 1, 1947
May 1, 1930
Jan. 1, 1931
May 1, 1949
Apr. 1, 1908
Sept. 1, 1991
Sept. 1, 1992
Y ear en ding D ec. 31—
1899.
1898.
1897.
Gross earnings.............. $13,806,118
$12,633,545 $11,820,285
Net earnings................ 5,029,581
4,302,966
4,104,405
Other receipts.............
997,651
44,856
38,415
Total netincome.. . . . . . . . . . . . . .
6,026,632
4,347,822
4,142,822
Interest on bonds......... 2,638,313
2,287,758
2,378,850
Taxes, bridge exp., rent’ls, &o. 3,147,264
887,821
1,362,667
Balanoe for year............ sur.$241,055 sur.$1,172,243 sur.$401,304
V. 68, p. 572, 619,824,1025; V. 69, p, 27; V. 70, p. 329, 947, 997,1292.
M o b ile A B irm in g h a m H R .—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 ner cent for
third year, and 4 per cent for the fourth year and thereafter. The
$960,000 common stook is owned by Southern Ry. V. 68, p. 429,1134;
V. 69, p. 39 l. Reorganizedafterforeclosurein’95perplanV. 60, p. 657.
E arnings .—11 months, ) 1899...........Gross, $359,226; net, $86,639
to May 31. (last report) y1898........... Gross, 336,886; net, 76,247
Report for 1897-8, in V. 67, p. 1306. (V. 68, p. 429, 1134.
M o b ile J a c k so n Sc K a n sa s C ity R R . —Projected from Mobile.
Ala., northwesterly, to Jackson, Misp., a total of 186-5 miles. In Apr.,
1900, 50 miles from Mobile to M errill were in operation, on which
$1,0<K),000 of bonds had been issued. Stock, $4,600,000; issued Apr.,
I960, $1,000,000; par of shares, $100. Bonds limited to $20,000 per
mile.—V. 70, p. 687. For 10 months ending Apr. 30, 1900, gross, $90,092; net, $45,856. For year ending June 30, 1899 (50 miles), gross,
$53,489; net, $26,810; charges, $29,668. Pres., F. B. M errill.—V. 70,
p. 687.
M ob ile Sc Ohio R R . —(S ee M a p .)—Owns from Mobile, Ala., to Co.
lumbus, Ky., 472 miles, proprietary line, Kentucky & Tennessee RR.
to E. Cairo, 21 miles; branches to Columbus, Miss., &o., 34 miles; Co
lumbus, Miss., to Montgomery, Ala., 167 miles; with Warrior Branch,
9 miles, and Blooton Branch, 12 miles; total owned, 715 miles; St. Louis
& Cairo (leased), Cairo to St. Louis, 152 miles, with branch to
Millstadt, 9 miles; total operated, 876 miles. On Deo.l, 1899, the Mobile
& Bay Shore Ry., whose entire stook is owned and bonds guaranteed,
was completed from Pritchards to Portersville on the Gulf of Mexico
and Alabama Port, a distance of 38 miles. (V. 69, p. 856.)
H is t o r y , E tc .—Opened in 1861; securities readjusted in 1879.
Lands June 30,1899, were 387,992 acres, valued at $216,782.
G e n e r a l F inances .—The “Montgomery Division” from Columbus,
Miss., to Montgomery, Ala., 167*2 miles, with branches, 21*3 miles,
has been completely operated as p art of M. & O. RR. system since
July 1,1899, $4,600,000 bonds having been issued thereon— V.
see
65, p. 736, and V. 66, p. 709, 1045; also V. 69, p. 332. As to acquisi
tion of St. Louis < Cairo stook in 1900, see “ B onds ” below.
&
D iv id e n d s .—First div. (1 p. o.) paid Feb. 28,1898.—V. 66, p. 184.
St o c k .—Stook authorized, $10,000,000; outstanding, $5,320,600;
par, $106. The voting power on $4,967,200 of the stook is exercised by
the general mortgage bondholders by virtue of the deposit in trust
under the general mortgage of the old debentures of 1879, upon which
this voting power was conferred.
B onds .—Under the g en era l m ortgage o f 1888 (trustee, Farmers’ Loan
& Trust Co.) there can be no foreclosure till four coupons are in default.
In May, 1895, the entire issue was made payable In gold. V. 60, p. 967.
Of the $10,500,000 authorized, the amount oanoeled by sinking fund
to June 30,1899, was $953,000 and $5,400 in trust. Mortgage ab
stract, V. 47, p. 83. Interest on $4,060,000 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, $1,950,000 w ill be is
sued in exchange for the $6,500,000 St. Louis & Cairo stook on the
basis of 30 per cent of bonds for par of the stook; the residue of the
loan w ill be issuable only for additional property and equipment. A ll
dividends on St. Louis & Cairo stook in excess of amount required to
be paid as interest on the outstanding bonds is to be paid into a sink
ing fund for the redemption of the bonds.—V. 70, p. 532. In May,
I960, more than a majority of the St. Louis & Cairo stock had been
exchanged. V. 70, p. 895.
E arnings .—Statement for 6 mos. ending Dec. 31, 1899, on entire
line (876 miles) in V. 70, p. 277, showed: Gross earnings, $3,097,691;
net over operating expenses, taxes and insurance, $1,070,966; fixed
charges, rentals and iuterest, $701,678; paid for improvements, $165,514; balance, surplus, $203,774.
R e po r t .—Report for 1898-99 at length in V. 69, p. 848, 855, show
ing, exclusive of Montgomery Division:
Y ear end’g June 30— 1899.
1898.
1897.
1896.
Total gross earnings.$4,531,153 $4,207,319 $3,867,858 $3,619,071
Net earnings........7 .. 1,451,631
1,300,745 1,283,895 1,293,869
Interest ana rentals. 1,144,527
1,074,880 1,060,126 1,659,632
Sou th ern B y , - (S ee M a p .)—Owns St. Louis to Texarkana, Tex. Line.
490 m.; branches to Belmont,Mo., Bird’s Pt., Mo. (Cairo), Camden, Ark,,
Helena, Ark.. Cushman. Ark., Arkansas City, Ark., Warren, Ark., Mem
phis, Tenn., &C./747 miles; Houston Central Arkansas & Northern Rail
way, MoGehee, Ark., to Alexandria, La., 190 miles; total owned Janu
ary 1,1900,1,427 miles. Leases Little Rock & Fort Smith and Little
Rook Junction railroads, 176 miles; Kansas & Arkansas Valley RR.,
170 miles. Total operated December 31, 1900,1,773 miles.
In M ar., 1900, holders of $22,080,000 of the $23,172,588 Texas &
Pacific seconds exchanged their bonds for 65 per cent in new Iron
Mtn. gold 4s bearing Interest from July 1,1899. See B onds below,
also V. 68, p. 329, 386,474, 520.572, 619, 725, 774.
STOCK.—Stock was $25,787,730, of which $25,732,935 Jan. 1,1900,
was owned by Missouri Paciflo—mostly acquire«! in 1881. The stock
holders voted in 1899, to increase the stockto$80,600,060. V. 69, p 27.
Bonds .—General consol, mort. is for $45,000,000, Nos. 11,001 to 18,000 inclusive are endorsed with the Missouri Pacific’s guaranty of princi
pal and interest; form of guaranty was in V. 56, p. 650. InJan.,1899,
$12,500,000 gen. consol. 5s were sold, the proceeds being used towards
the retirement of a like amount of underlying bonds oaUed and paid
at 105 on or before Aug. 1, 1899, leaving the gen. 1st consols a first
lien on the entire system. (V. 68. p. 85, 233, 520.)
The new gold 4s of 1899 (first issue $30,000,600) may be increased
not over $10,000,000, at $12,000 per mile, for construction or
acquisition and equipment of branches and extensions. They are
secured by a lien (subject only to the general consols on all the rail
roads, terminals and equipment of the company, and also a first and
only lien on all stocks and bonds now embraced in the trust of the
gold funding note indenture upon satisfaction thereof, all leased and
branch lines, or their bonds and stocks acquired by the loan, and all
Texas & Paciflo seconds acquired, and all future extensions and
branches constructed or acquired. 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 once
$3,952,000 gold funding notes and $3,412,000 Kansas & Arkansas
Valley 1st 5s, and also eventually $2,596,006 Little Rock & Ft. Smith
bonds, $435,600 Little Rock Junction 1st 6s, $683,000 car trusts, and
Balance, surplus*.. $307,104
$225,865
$223,769
$234,237
$20o,600 Baring Cross Bridge bonds and the balanoe, $1,636,000
available for improvements. (V. 68, p. 619; V. 69, p. 27; V. 70, p. 997.)
* Equipment and new construction (additional to operating expen
The $4,723,060 five per cent gold funding notes were called and ses) cost $143,645 in 1895-6, $204,450 in 1896-7; $180,697 in 1897-8;
paid July 30, 1900. V. 70, p. 1295?.
$271,748 in 1898-9. Out of accum. sur. paid $53,000 on 1st debs, in
1896-7 and $53,206 vl p. 0 .) on stook in ’97-8.—V. 70, p. 532, 792, 895 ,
a n n u a l R e p o r t .—Report for 1899 in V. 70, p. 528, showed:
94
INTESTOKS’
SUPPLEMENT.
■?//
à
0/
' - ' A kevW
est
6)1
S <
!s
\
Of
R A ILR O A D
AND
CONNECTIONS
'%.
[Vol LXXI,
Ju l y , 1900 J
RAILROAD
STOCKS
AND
95
BOKD8.
Bonds—Princi
___________
RAILROADS.______________
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, &o., see notes of
of
Par
_______
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Dividend, %.
whom.
M onongahela R iver R R .— Bonds—See B. & O. RR.
M ontgom ’y B elt L .-ls tM ., $200,000, lawful money. c
1890 $1,000
J. «s J. N.Y., Metropol’nTr. Co. Jan. 1, 1910
S
6
$200,000
M ontgom ery dt E rie R y.—1st m. (old 7s ext. in ’86) ....
1866
M. & N.
May 1, 1926
Goshen, N. Y.
5
130,000
2d mortgage (old 7s extended in 1887)......... .....
.... 1867
A. & O.
do
— do
Oct. 1, 1927
5
40,500
M oore Co. dt W est.—Constr. M., gold, $350,000, ext. ....
1898 100 &o.
M. «s S. Sep., ’99, coup, last pd. Sept. 1, 1900
S
350,000
6 g.
M organ’s L a . dt Texas—IstM . (N Or.to Morgan C.) . 0” 102 1878
A. & O. N.Ÿ.,S.Pào.Co.,23Brôad Apr. 1, 1918
1,000
7
5,000,000
1st mortgage, Alexandria Extension, gold........... 157 1880 1,000
July 1, 1920
S
do
do
1,494,000
6 g• J. «s J.
General m ortgage.......... .
204 1893 1,000
July 1, 1913
J. «s J.
S
do
do
5
1,000,000
M orris dt Essex—Stock, 7 p. o. guar. D. L. <sW........
S
....
50 15,000,000
J. & J. N.Y., Del. Lack. < West. July 1,’00, 3 i*
fe
7
1st mortgage........................................................
85 1864 500 « o 5,000,000
M. «s N.
S
May 1, 1914
fc .
do
do
7
Gen. M. < 1st on Boonton Br. < s . (guar. D.L.&W.)
fe
So
34 1871 1,000
A. «s O.
S
do
do
Oct. 1,1901
7
4,991,000
Oonsol. M. (for $25,000,000) guar. D. L. <sW.c*«fer 120 1875 1,000 11,677,000
S
J. & D.
do
do
June 1, 1915
7
1st and refunding mortgage—
See text.................
do
do
Text.
special real estate bonds.....................................
Var’us
Various.
do
do
2,320,000 4,41* «s5
S
Morris & Essex Extension stock, guar. 4 per cent. ** 2
M. & N.
May, 1900,2%
100
4
do
do
221,000
Mt. C arbon dt P ort Carbon EE.—Stock (rent’l guar.) . ...
....
J.& J.15 Phila., Read’g Term’l. July 15,’00,6%
50
12
282,350
M uscatine N o. dt So.—1st M., $450.000gold.........N
28 1898 300 « to
S.
S
S
398,000
5 g. J. «s J. N.Y.,N.Y. Sec. «sTr. Co. Jan. 1, 1929
M uskegon Or. R apids dt In d ian a —1st mort., gold..
37 1886 1,000
S
750,000
5 g. J. «s J. Jan.,’98, pd. Mch.,1900 July 1, 1926
N arragansett P ier R R .—1st mort., $100,000...... .
8*5 1896 1,000
1916
4
F. «s A. R.I.Hosp.Tr. Co., Prov.
S
95,000
N ashua dt Low ell—Stock, 9 p.c. rental, 92 yrs.B.&M.
15
100
M. «s N. Nashua, Indian Hd. Bk. May,’00, 4i*%
S
9
800,000
....
aashville Chattanooga dt St. L ouis—Stock...............
100 10,000,000 4 for ’98 Q —F.
N. Y. and Nashville. Nov. 1 ,’98,1%
1st mortgage (for $6,800,000)......................c*&r 340 1873 1,000
J. «s J. N.Y.. Continental N. Bk. July 1, 1913
S
7
6,300,000
2d mortgage, gold or silver......... ............... ,c*«fcr
321 1881 1,000
Jan. 1, 1901
J. «s J.
S
do
do
6
1,000,000
1st M. on Fayette, and McM.brs. ($6,000 p.m.)o*&r 125 1877 1,000
Jan. 1, 1917
J. «s J.
S
6
do
do
750,000
1st mortgage on Lebanon Branch..................... o*
29 1877 1,000
Oct. 1. 1917
J. «s J.
S
do
do
300,000
6
1st M. on Jasper Br. ($90,000 are 8s, due 1906)o*
43 ’77-’83 1,000
Jan.,1906&’23
J. «s J.
S
do
do
461,000 6 g. & 8
1st mortgage on Centreville Branch, gold__ c*<fer
46 1883 1,000
Jan. 1, 1923
S
do
do
376,000
6 g. J. «s J.
1st M. on Tracy City Br. (Tenn. C. & I. RR.).e*<fcr
20 1887 1,000
Jan.1901 to’17
J. «s J.
S
6
do
do
420,000
IstM . on Bon A ir Br., red. atpar aft. July’97,.. .c*
July 1, 1917
7 1887 1,000
6
J. & J.
do
do
114,000
Duck R. RR., 2d mortgage, now 1st mortgage, g.
48 1881
fc
Nov. 1, 1909
do
do
22,000
6 g- M. « N.
Oonsol. M. ($20,000,000),$20,000 p.m.,gold.1Js.o* 740 1888 1,000
Apr. 1, 1928
fe
do
do
6,253,000
5 g. A. < O.
W. <sA tl. incs. ($546,000), $26,000due y’rly.g.o. —
S
Jan. 1, ’01-’20
1895 1,000 In treasury
S
do
do
5 g. J. «s J.
W o h a w k & Malon«* H i t . —(See M ap X. Y. C en tra l.)—Owns from
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 is t o r y , L e a s e , E tc .—In 1893, N. Y. Central leased the road and
guaranteed its first mortgage bonds. The surplus in any year after
payment of the first mortgage interest for that year to pay
not exceeding 5 per cent interest on the incomes. A dividend of 2
per cent on the incomes was paid Sept. 1,1898, and 3 p. o. on Sept.
1,1899. N. Y. Central owns the $4,500,000 stock, and has the option
of retiring the incomes at any time, issuing in lieu thereof 2d mort.
guar, gold 4s. V. 56, p. 501. Bonds, see V. 56, p. 782.—V. 69, p. 385.
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 l890. InDec.,1899, B.«SsO. acquired
substantially all of the $1,300.000 stock (par $100). The 1st 5s (guar
anteed p. < i.) w ill remain undisturbed, but the coal bonds w ill be
fe
reduced to $1,000,000. The coal lands w ill be leased to the Mononahela Coal Co. V. 69, p. 1346. Car trust 6s, principal Jan. 1,1900,
579,793; interest $136,808. Bills payable Jan. 1,1900, $12,679.
E arnings .—Statement for year ending Deo. 31, 1899, was in V. 70,
p. 1092, showing, gross, $288,910; net, $111,635; int., taxes,;etc., $42,318; balance, surplus, $69,317*—(V. 69, p. 1346; V. 70, p 10 9 2 .)
M onterey & M exican G u lf R R .—Owns road completed in Aug
ust, 1891, from Venadito (on the Mexican International Railroad) via
Monterey to Tampico, on the Gulf, about 390 miles. See V. 62, p. 85.
In April, 1900, the Hidalgo & Northeastern RR., City of Mexico to
Fachuca, 68 miles, was reported to be purchased by the same interests,
and it was said would be extended at once from Pachuca to Tampico
H is t o r y .—Purchased in November, 1895, at foreclosure sale, under
the 1st mortgage of 1888 by the Societe Anonyme Beige deChemin deFer au Mexique, which has capitalization as follows: Capital stock,
10,572 »io shares, each share representing $1,000 in bonds or
matured coupons of the Monterey & Mexico Gulf RR. Co. 160 3350
Income shares; first mortgage 4 per cent bonds, 4,000,000 francs,
being 8,000 bonds at 500 francs each. V. Stoolet, President,
Brussels, Belg.; Coudert Bros., 100 Broadway, N. Y., attorneys.
E arnings .—6 mos. end. June 30,1900, gross, $RP0,419,against$618,988 in 1899. Year ending Dec. 31, gross, $1,216,711 in 1899; $1.386.053 in 1898. For year 1898, gross, $1,41«,956; net, $445,774.
In 1897, gross, $1,416,656; net, $640,643—(V. 65, p. 729; V. 66, p. 82.)
M o n tg om ery R elt L in e R y .—Owns real estate and a belt
Une in Montgomery, Ala., about one mile of track on Tallapoosa,
Bell, Perry and Columbus streets. Alabama Midland Ry. pays an
annual rental of $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 ry Sc E rie R y .—(¿fee M ap E rie R ailroad .)—Owns road
from Montgomery to Goshen, N. Y., 10 miles. Road opened 1867.
L eased 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 (41 per cent per
*
annum) are paid May 10 and Nov. 10. Sinking fund $6,500 per annum.
M o o re Co. Sc W e s te rn R R .—V. 69, p. 695.
f
M o rga n ’ s L o u isia n a & T ex a s R R . & Steam ship Com p any*
~ (S ee Map o f Southern P a cific .)—R oad —Owns Algiers to Cheney ville»
205 miles; branches, 89 miles ; trackage to Alexandria, 24 miles; total
railroad lines, 318 miles ; steamship lines and ferries, 3,176 miles.
O rg an ization .—The Southern Pacific Company, on June 30,1899,held
$14,995,000 of the $15,000,000 stock and operated road under lease.
The lessee pays all charges and also 23 per cent of the net profits under
the ‘ omnibus lease.” Company has 12 iron steamships and 9 ferry
and river steamers and tugs plying between New York and New Or
leans and between Gulf ports ; also wharves, warehouses.
E arn in g s .— 11 months, > 1899-0.Gross, $6,559,521; net, $2,098,209
July 1 to May 31.
5 1898-9.Gross, 6,220,859; net, 2,339,589
In year ending June 30, 1899, gross, $6,676,690; net, including
uther income, $2,608,200; surplus over charges, $1,736,430; net
due co. under lease to So. Pac., $811,991. 1897-8, gross, $5,677,420.
M o rris Sc E ssex R R .—(See M ap o f D elaw are L ackaw anna dt
W estern .h-O w n s from Hoboken, N. J., to Phillipsburg, N. J., 85 miles;
branch, Denville, N. J., via Morris & Essex Tunnel, to Hoboken, N. J.,
35 miles; leases 37 miles; total operated, 157 miles.
L e a s e .—Leased in perpetuity to Delaware Lackawanna & West, .which
assumed all liabilities and pays 7 p. o. per annum on the capital stock.
See form of guaranty, V. 56, p. 812.
R e fu n d in g .—The stockholders have authorized a first and refund
ing mortgage to retire a t maturity all the existing bonds and provide
for necessary improvements and additions. V. 70, p. 480, 477.
E arnings .—The road is important to the Delaware Lackawanna Sc
Western as a route with terminal facilities on New York Harbor, but
the actual earnings on the road show a large annual deficit for the
lessee company after the payment of rental. The loss to lessee was
on M. <sE. Division in ’99, $972,000; in ’98, $1,784,000; in ’97, $1,800,.
S
BOO.—V. 70, p. 480.
M o u n t Carbon Sc P o rt C arbon R R .—Owns Mt. Carbon to Port
Carbon. Pa., 3 miles; second track, 21 miles; total track 16 miles.
*
Leased March 5,1860, for 50 years to Phila. < Reading RR. and lease
&
assumed in 1896 by Phila. & Reading Railway. Rental $36,250 yearly.
M u sca tin e N orth Sc Sou th R R .—Muscatine, Iowa, to Elricb,
on. Iowa Centrai, 28 miles, with which has traffic contract. Operated
from Jan. 10,1899. Stock, $450,000; all issued; par, $100. A ll in
terest to Jan. 1,1899, was canceled. Pres., W alter M. Gorham, Phila.,
Pa.; Sec. and Treas., Henry Jayne, Muscatine, Iowa.
M u sk eg o n G ran d R a p id s Sc In d ia n a R R .—Owns road,
Grand Rapids to Muskegon, Mich., 37 miles; trackage, G. R. & Ind. at
Grand Rapids, 3 miles. Road opened 1886, and leased to Grand
Rapids & Indiana RR., which was foreclosed in 1896. Stock, author
ized, $350,000; par, $100; issued, $1,000. Coupon of Jan.; 1898, was
paid in Mar., 1900. Earnings for year ending Deo. 31,1899, gross,
$139,067; net, $46.072; interest on bonds, $37,500. In 1898, gross,
$124,099; net, $41,173. In ’99 Jan. 1 to June 30,6 months, gross, $56,787, against $58,088 in ’98. (V. 68, p. 824; V. 69, p. 955; V. 70, p. 480.)
N ashua Sc L o w e ll R R . —Owns double track road from Lowell,
Mass., to Nashua, N. H ., 15 miles. On Oct. 1,1880, leased for 99 years
to Boston A Lowell. In 1887 lease was transferred to Boston <sMaine,
S
which pays a rental of $73,000 (9 per cent on stock).
N ash ville C h attanooga Sc St. L o u is R y .—(See M ap.)—Owns
from Chattanooga, Tenn., to Hickman, Ky., 320 miles; branches to
Lebanon. &c., 447 miles; leases Western <s Atlantic, Chattanooga,
S
Tenn.. to Atlanta, Ga., 137 miles; total operated, 904 miles, in
1896 the N. C. & 8t. L. directors leased the Memphis <s Paducah D ivi
S
sion (consisting of Paducah Tennessee & Ala., 119 miles, and Tenn.
Midland, 136 miles,) of the Louisv. & Nashv.; but see V. 67, p. 1055.
also see V. 65, p. 679. Middle Tennessee & Ala., Shelbyville, Tenn,;
to Decatur, Ala., 7» miles, was purchased in October, 1897, and por
tion from Fayetteville, Tenn , to Limestone Creek, Ala., 37 miles, was
completed Oct. 1,1899; balance building—V. 67, p. 748; V. 69, p. 807.
O r g a n iz a tio n .—A majority of the stock ($5,500,500) is owned by the
Louisville & Nashville, and pledged under its unified mortgage, etc., so
that the two systems are operated in close harmony. The Western &
Atlantic is leased from the State of Georgia for 29 year» from Deo. 27,
1890, at $420,012 per annum. Jointly with L. & N. leases terminal
property in Nashville for 99 years (V. 65, p. 278); V. 67, p. 221, 320.
In Apri1 1900, the L & N. offered to purchase on or before July 2,
,
1900, the minority stock, giving in exchange one share of L. & N.
stock for two shares of the N. C. & St. L.—V. 70, p. 740.
D iv id e n d s ) 1888 1889 1890 1891 1892 1893
’94
’95 to N o v .,’98
since 1887. J 4 1
4
5
5
5
5
3*h 3 1 4 p. o. yearly.
*
The Feb., 1899, dividend was passed, surplus earnings to be used
for additional equipment and reduction of floating debt; no dividends
since to July, 1900.—V. 68, p. 187.
B onds .—The Tracy City branch 6s fall due $20,000 yearly on Jan. 1
to 1916 inclusive, and $100,000 on Jan. 1,1917.
Consolidated mort. of 1888 provides that all prior bonds shall be paid
off at maturity; sufficient of the $20,000 p. m. are reserved for them.
Western <sAtlantic income 5s, see Supplement January, 1898.
S
G e n e r a l F inances .—Bills payable incurred for lease of Western
& Atlantic RR. and new equipment March 31,1900, $1,350,144.
L ate st E arnings .—July 1 to May31 (11 months):
11 m os.
Gross.
Net.
In terest, etc.
B a l., su r.
$500,685
1899-0 ...................... $6,001,095 $2,034,835 $1,534,150
1898-9........................ 5,640,126 1,838,512 1,443,047
395,465
A nnual R eport.—Report for 1898-99 in V. 69, p. 793, 806.
Y ear ends June 30.
1899.
1898.
1897.
1896
Mileage end of year... 935
905
904
906
Gross earnings........$6,081,766 $5,646,549 $5,116,118 $5,074,625
Net earnings................ 1,982,059 1,982,724
1,911,448 1,910,275
Investments, etc........
30.482
.....
...........
41,002
Net income............. $2,012,541 $1,982,724 $1,911,448 $1,951,277
In t. on debt and tax.
$1,203,391 $1,102,187 $1,088,420 $1,078,470
Rental W. & A. RR.
422,268
420,012
420,012
420,012
Dividends..................... (1)100,000 (4)400,000 (4)400.000 (4)400,000
Balance............sur.$254,535 sur. $60,525 sur.$3,015 sr.$52,795
—Y. 68,p. 187; V. 69, p .540, 793, 806,1301; Y. 70, p.740.
N ashville Sc D ecatur R R .—('See M ap L ou isville dt N ashville.)—
Owns from Nashville, Tenn., to Decatur, Ala., 119 miles. Leased to
Louisville & Nashville for 30 years from July 1,1872, at a rental of 6 p.
o. per annum on stock, but lease was terminated July 1, 1900, and
under new lease for 999 years the rental w ill be 71 per cent on stock,
*
the 7s due July 1,1900, being retired and new stock issued therefor
to the L. & N., which now owns about $3,000,000 of the stock.—V. 68,
p. 928; V. 69, p. 1012. The lessee assumed all the debt.—V. 70, p. L195.
N ash ville F loren ce Sc Sheffield R y .—('See M ap L ou isville d
t
Nash ville.) —Owns from Columbia, Tenn., to Sheffield, Ala., 82 miles,
with branch Iron City, Tenn., to Pinckney, Tenn., 12 miles; oper
ates Napier br., etc., 14 miles; total, 108 miles. Operated by Louisville
& Nashville, which company guarantees the principal and interest of
the bonds by endorsement. Sold on April 10,1900, to satisfy judg
ments aggregating about $900,000 to the L. & N., subject to the first
mortgage. Y. 70, p. 792. Stock authorized, $2,000,000. For year
1897-8, gross, $336.284; net, $132,515; interest, $104,800; taxes,
$8,415.—V. 70, p. 792.
N ation al D o ck s R y .—Road extends from West Shore RR. at
Weehawken to Constables Hook, N. J.. 6‘6 miles; Communipaw br.,
0'38 miles; K ill von Kull branch, 0-54 miles; other branches 0‘79 miles,
total, 8‘31 miles; second track, 7*28 miles. Curfent accounts, $18,067.
IN VESTOBS’
SUPPLEM ENT.
[Y o u
LXXf.
J u l y , 1900.]
RAILROAD
STOCKS
AN D
BONDS.
97
a h oneri ber» w ill co n fer 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 discovered in these T ab le s.
RAILROADS.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Dne.
Amount
of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
N ashville A D ecatur—Stock, gu. 71 p. o. by L. & N. 119 ....
«
$25
See text.
6
J. «s D.
S
Nashville.
June, ’00, 3%
N ath. F lor. A Sheff.—1st M. ($2,500,000), gold, gu.< 105 1887
1,000 $2,096,000
ft
5 g. F. « A. N. Y. and Louisville. Aug. 1, 1937
N ashville A Knoomille—1st mort. for $2,000,(KM), .o’
87 1888 1,000
M. < N. N. Y ., Mercantile Tr.Co.
fe
1,184,000
6
1918
....
N ational D ocks R ailw ay—Stock..............................
3,854,000
N esquehoning Val.—Stock subj. to call Sep. 1,1904
18 ....
50
M. « S. Phila., 108 So. 4th St. M ar.,’00, 2>s%
ft
i;418i600
5
N evada —C a lif.—Oregon.—1st M. $1,500,000, gold. 130 1899
1,000
500.000
May 1, 1919
6 g- M. & N. N. Y ., Moran Bros.
N evada Central—1st M. g., non-cum., inc.. (s. f.).Ce
94 1888 1,000
750,000
ft
5 g. J. « J.
July 2, 1938
See text.
N ewburg Dutchess A C onnecticut—Col. trust bonds.
59 1891 500 &o.
5
M. < N. N. Y ., Central Trust Co. May 1, 1921
fe
226,000
Income mortgage for $1,625,000......................r
59 1877 1,000
6
1,164,500
When earned.
June 1, 1977
New Castle A Shenango V alley —1st M., Int. guar...
17 1887 1,000
250,000
ft
fe
6 g. J. « J. N. Y., Farm. L. < Tr. Co. July 1, 1917
New E n gland R R .—N. Y. < N. E. 1st mort., cur..c* 321 1876
fc
1,000
6,000,000
7
J. < J. Boston, S. Dep.«ft Tr.Co. Jan. 1, 1905
fe
Do
do
1st mort., cur..c* 321 1876 1,000
4,000,000
6
J. « J.
ft
do
do
Jan 1, 1905
1st oons.M., $17,500,000, g., gu.,p.«fti., end.Ma.c* 361 1895 1,000
5,000,000
ft
do
do
5 g. J. « J.
July 1, 1945
N.Y.&N.E. Boston Term. 1stM. for $1,500,000. o* .... 1889 1,000
1,500,000
4
A. < O. Boston, Co.’s office. Apr. 1, 1939
&
New J ersey Junction —1st. M., guar., $4,000,000.c&r
5 1886 1,000
4
F. «ft A. N. Y. Cent, « Hud. Riv. Feb. 1, 1986
1,700,000
ft
New J ersey A New Yorfc—Se e E r ie RR. Co.
New L ondon N orthern —Stock.......... ........................
121 ....
100
1,500,000
9
New London, Office. July, ’00,2^%
Q.—J.
Consolidated M., now 1st M. ($688,000 are4s).o* 121 1880 1,000
1,500,000 4 & 5 J. « J. N. Y ., Bk. of No. Amer. July 1, 1910
ft
N .M ex.R y.A Coal—Col.tr,g.($3,000,000) red.l05.N
lb5 1897 1,000
2,826,000
ft
5 g. A. « O. N. Y.,N. Y. 8ec.«ft Trust. Oct. 1, 1947
Alam. « Sac. M t. 1st MT, $900.000, g., g uar...N
ft
28 1898
ft
300,000
do
do
Apr. 1, 1928
5 g. A. « O.
New Orleans A N orth E astern—Prior lien M., gold.o* 196 1885
1,000
1,320,000
6 g. A. «ft O. N. Y .t Central Trust Co. Nov. 1, 1916
1st mortgage, gold................................................ 196 1881 1,000
5,000,000
6
J. « J N.Y ., Muller, Schall&Co. Jan., 1911
ft
N. O. A NorthwesVn —Coll, trust M., g., $500,000.Ce 102 1898
1,000
500,000
ft
5 g. J. « J. N. Y ., Central Trust Co. Jan. 1, 1908
New O rleans A West.—Receiver’s etfs., $400,000__ .... 1898
400,000
fe
6 g. J. < J. N. Y„ State Trust Co. July 1, 1900
1st Terminal mortgage, $2,000,000, gold. M o . o' • ••• 1895 1,000
1,650,000
J. < J. Jan. ,’97, coup, last paid July 1, 1946
fe
5 g.
2d mortgage, $2,000,000, gold............................. —
1897. 1,000
1,000,000
4 g. March.
March 1,1900
N e w Secu rities to b e is su e d U n d er P la n .:
__
Common stock, $1,000,000...................................
100
1,000,000
Pref. stock, 5 per cent, non-cuni., $3,500,000__
100
3,000,000
1st mortgage, gold, $500,000, subj. to call at 110
1900
500,000
ft
5 g- J. « J. In t. from Jan. 1,1900. Jan. 1. 1950
N ew port A O inein. B ridge.—Stock, $1,500,000..... ....
....
100
2>«
1,500,000
Pittsburg, Pa.
O ot.l,’99,l>*%
1st M., $1,500,000, g„ s. f . guar. p. & 1. end by Pa. Co.o* 1895 1,000
1,400,000
4*a g. J. < J. N.Y.,Farmers L.&T.CO. July 1, 1945
&
E arnings.—For year ending June 30, ih »8, gross earnings, $-¿54,693;
net, $189,731; other Income, $2,065; charges, $25,905; dividends,
$115,620; bal., surplus $50.271. In 1896-97, net, $168,147. Office,
26 Broadway, New York.—V. 64, p. 518
N a tio n a l R y ., T eh u a n te p e c.— 69, p. 1247; Y. 70, p. 125, 633.
V.
N egquehonine Valley R R .—Owns from Nesquehonlng Junction,
Pa., toTamenend, Pa., 17 miles; Tunnel Branch to LansfordTPa., 1 mile.
Leased for 999 years (with 5 p. o. guaranteed on stook till 1905) to the
Lehigh Coal « Navigation Co., which under its option proposes to retire
ft
the stock at par and Interest on Sept. 1,1904; see item “Delaware D i
vision Canal” In V. 66, p. 1139.
Ne v a d a -C a llfo rn la -O re g o n R y .—Reno, Nev., to Termo, Cal.,
130 miles, In operation, of which Amadee to Termo, 50 miles, operaated from July 1, 1900. Projected thence to and through Oregon.
Stook, common, $1,450,000,; preferred, $750,000, all outstanding.
Year 1898-9, gross, $87,327; net, $19,978. E. Gest, Mgr., Reno, Nev.
N evada C e n tra l R R . —Battle M tn., Nev., to Austin Nev., 94
miles, narrow gauge. A reorganization of Nevada Ry. Stock. $750,000; par $100. Interest on $717,000 bonds which paid an assessment
of $120 per bond, guaranteed from July 1,1898, by the Nevada Co. of
New Jersey, is paid at office of registrar, New Jersey Title Guarantee
& Trust Co , Jersey City, N. J. Earnings for 1898-99, gross. $28,242;
def. under operating expenses, $5,292; no interest paid by railroad.
N ew ark Som erset & Straitsvllle R R .—Newark, O., to Shaw
nee, O., 44 m.; branch 3 m. See B. & O. and Y. 67, p. 1106; V. 70, p. 76.
230,430,792.
’
N ew b u rg D utchess de C o n n ecticu t R R . —Owns from Dutchess
Junction, N7Y., to Millerton, N. Y., 59 miles. A reorganization in 1877.
St o c k , E tc .—Common, $500,000; pref., $600,000; par $50. There
were June 30,1899, $226,000 coll, trust 5s; $1,164,500 income 6s, and
$42,500 of 5 p. c. real estate M. notes. In year ending June 30,1899,
gross, $137,057; net, $30,641; other income, $878; interest, taxes,
etc., $19,948; bal., surplus, $11,571. V. 65, p .5 6 8 .
N ew C astle & Shenango V a lle y R R . —Owns from Newcastle
Pa., to West Middlesex, Pa., 17 miles. Leased to Nypano RR. till 1982
for rental of 32 p. o. of gross earns., but interest on bonds guarant’d. In
June, 1899, stock mostly acquired by Erie RR.—V. 69, p. 447.
N ew E n g la n d R R . —New York New Haven < H art. RR. owns
fc
nearly all of the stook, and since July 1,1898, has leased the road, viz.:
L in es Owned.
M iles.
Boston t& Hopewell June, N.Y.214
Wicopee to Fislikill Landing... 2
Providence to Willimantie...... 58
Newton to Woonsocket, R. I . .. 29
East Thompson to Southbridge 17
East H artfort, Ct., to Springrd 28
Other lines............................... 12
Double track...........................
11 4
L eased , etc., lin es. (^S ee this C o.)
*Norwich « Worcester RR Jf...
ft
Rhode Island and Mass, roads.
Rockville RR......... ..............
Providence « Springfield RR.1T
ft
Woonsocket & Pascoag RR.JT-Milford branches....................
Trackage ..................................
72
14
4
28
9
20
29
Total.......................................536
* Controls Norwich & New York Trans. Co.’s steamers, 325 miles.
H istory .—A reorganization of the New York < New England (sold
fc
in foreclosure July 9,1895) per plan V. 58, p. 762. In June, 1900,
there had been exchanged orwas held by the lessee all except $52,500
of the $20,000,000 common and $72,100 of. 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, 617,10o2; V. 69, p. 1012.
B o n d s .— See guaranty of consols by N. Y. New Haven -ft Hartford
RR. V. 64, p. 611; $10,000,000 consols are reserved to retire firsts.
R e p o r t . - Earnings since lease included in those of N. Y. N. H. & HRR. Report for 1897-98 in V. 67, p. 897, showing: Gross, $5,570,644:
net, $1,342,648; other income, including net from Norwich line steamers, $114,517; interest, rentals, etc., $1,559,020.—V. 69, p. 1012.
N ew Jersey J u n c tio n R R .—Terminal road through Jersey City,
Hoboken 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 stook. Connects with National Docks Ry.
New Jersey & N ew Y o rk R R .—Owns from Erie Junction, N. J.,
to Garaerville,N. Y., 29 miles: branches to New City, eto., 5 miles ; oper
ates to Haverstraw, etc., 14 iles; total operated, 48 miles. Erie RR.
in 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.
^ ® \® liP ? 87-Year ending June 30, 1899, gross, $298,956; net,
$62,524; interest, etc., $59,520; balance, $3,004. In 1897-98, gross,
$283,197; net, $53,834.-(V. 64, p. 424; V. 65, p. 822 )
N ew L o n d o n N o rth e rn R R .—Owns from New London, Conn., to
Brattleboro, V t., 121 miles, and leases Brattleboro & Whitehall RR.,
Brattleboro to South Londonderry, V t., 37 miles.
L eased for 99 years from Dec. 1 ,1 8 9 1 , to Central Vermont. The
rental is $211,000 per annum, which leaves a small surplus after providing for inter., etc., and 9 per cent dividends. Taxes and improve
ments met by lessee, without claim on New London Northern.
D iv id e n d s .—1888 to Jan., 1892, 7 p. c. yearly, then 8 p. c. yearly to
1893, inclusive, and since to Apr., 1900 (inclu.), 2H p. o. quar. (9 p.an.)
N ew M exico R y . & C o al. —{S ee M a p ).—Owns El Paso & North
eastern Ry., from E l Paso, Texas, northeast 165 miles, to the Salado
Coal fields; controls and operates Alamogordo « Sacramento Mt. Ry.,
ft
Alamogordo, N. M.. to Toboggan, 28 m., and under construction to Cox
Cafion, 8 miles additional in April, 1900. Line completed Oct. 1,1899,
Secu rities .—Stock, $4,000,000, of which $1,000,000 pref. The coll,
trust 5s are secured by deposit of all the stocks and bonds of E l
Paso < Northeastern Ry. of New Mex.($2,700,000 of each), the stook
fe
of the E l Paso « N. E. RR. of Texas, $300,000 (no bonds Issued), and
ft
all the stook ($2,500,000) and all the bonds ($1,500,000) of the New
Mexico Fuel Co., the latter covering 3,500 acres of coal lands. The
Alamogordo & Sacramento bonds are guaranteed. New York office,
66 Broadway. (V. 66, p. 337.)
N ew O rleans & N o rth E a s te rn R R .—New Orleans, La., to
Meridian, Miss., 195 miles; 121 are 60 and 74 are 75 lb. steel rails.
Stook $5,000,000 (par, $100), of which $4,320,000 and $4,900.000 1st
6s are held by Ala. New Orleans Texas « Pac. Juno. Ry., to wtdoh was
ft
due Ju lyl, 1899, $1,173,929 on coupon and $1,069,518 on other aco’ts,
E arn in gs .—In 1900, Jan. 1 to June 30 (6 months), gross, $949,964, against $788,553 in 1899. Report for 1898-99, V. 69, p. 3008.
T r. end. June 30. C ross.
Net.
Other in c. In terest,
B ala n ce,
1898-99..........$1,545,686 $399,591 ........ $388,414 sur. $11,177
1897-98.......... 1,396,929 377,376 1,865 379,201
sur. 41
—V. 65, p. 6 1 7 , V. 67, p, 950; V. 69, p. 1008.
N ew O rleans & N o rth w e s te rn R y .—Owns from Natchez, Miss,
to Bastrop, La., 102 miles. Stook, paid in, $4,500,000; par $100. In
March, 1898, receiver was discharged. The coll. tr. 5s are secured by
deposit of the old first mortgage 5s in trust. For year ending Dec.
31,1899: Gross, $171,142; net, $42,535; other income, $15,369; int. on
bends, $25,000; taxes, $7,527; bal., sur., $25,377. (V. 67, p. 275.)
N ew O rleans & W este rn R a ilro a d .—Owns a belt railroad
encircling the city of New Orleans and connecting with all the rail
roads entering that city. Entrance to business centre is had over the
tracks of the East Louisiana Railroad. Owns a large terminal property
at Port Ohalmette, containing about 2,300 acres, with 80 cotton ware
houses, capacity of 250,000 bales, a grain elevator, eto.
R e c e iv e r s h ip —W. 0. Dotterer, receiver. V. 68, p. 1182. Interest
due July 1,1896, and since is in default. V. 66, p. 134. In 1899, is
sued $400,000 receivers’ certificates to build additional cotton ware
houses, etc. (V. 67, p. 320.) Stook $6,000,000; nar, $100. On Feb.
21,1900, George C. Preot, was appointed master in chancery to sell
the road after six weeks’ advertising. V. 70, p. 381. In July, 1900,
decree had been signed but no date of sale fixed.
R eo rg an ization Co m m itte e .—Stephen Peabody, Wm. L. Bull, Ev
ans R. Dick and Geo. Q. Whitney. Depositary, Colonial Tr. Co., N. Y.
P la n .—Their plan, dated Aug. 1,1899 (now operative), is in V. 69,
p. 440, and provides for the issue by a new company of the securities
shown in table above. A ll the new bonds and common stook w ill be
sold to a syndicate for cash. Of the preferred stook (to be subject to
call at par on three months’ notioe if permitted by law), $2,500,000
w ill be exchanged for the old bonds and of the $1,000,000 balance in
eluded in the sale to the syndicate, $500,000 w ill be transferred after
such sale to the treasury of the new Co. The old 1st 5s with all un
paid coupons attached, w ill receive par, and the old 2d 4s, 50 per cent
of piiocipal in preferred stock.—V. 69, p. 440, 645, 906; V. 70, p. 381.
N e w p o rt dc C in c in n a ti B rid g e Co.—Owns bridge over the
Ohio River from Newport, Ky., to Cincinnati, O. Bridge opened 1872
and reconstructed in 1895-96. Louisville & Nash, is under contract to
use bridge; annual rental, $115,000. Pa. Co. owns $1,340,000 stook.
E arnings .—For year ending Deo. 31, 1899, gross $153,151; net,
$121,675; interest, $63,000; balance, surplus, $58,675. In 1898, gross,
$150,181; net, $121,616; charges against income, $102,709; balance,
surplus, $18,907. (V. 63, p. 1159.)
N . Y . de R ro o k ly n U n io n T ra n s p o rta tio n .—Y. 70, p. 280.
N . Y . R ro o k ly n dc Jersey C ity R . T . Co.—V. 70, p. 532.
N ew Y o rk R ro o k ly n dc M a n h a tta n R each R y ,—Owns from
Fresh Pond Junction to Manhattan Beach (Coney Island), and branches
to Bay Ridge and Greenpoint, 20 miles, of which 16 miles double track.
L e a s e , E tc.—A consolidation August 27,1885. Leased for 99 yearo
from May 1,1882, to the Long Island RR. Co. at 35 per cent of gross
earnings, rental guaranteed to be at least 5 per cent on pref. stook.
Bonds.—The mortgage of 1885 is for $2,000,000 and is now a first
lien. (V. 63, p. 1116.) Trustee is Central Trust Company. TheL. I.
RR. has attached to the bonds its unconditional guaranty of principal
and interest in addition to the memorandum as to the lease previously
printed upon them. Of the bonds, $125,000 were in Jan., 1900, owned
by the L. I. RR and deposited under its new mortgage.—V. 68, p. 669.
N ew Y o rk dr C anada R R .—Whitehall, N. Y., to Rouse’s Point,
N. Y., 113 miles; branches, 38 miles, Stook, $4,000,000, par $100.
L ease , E tc.—Leased for long term by The Delaware « Hudson Co.,
ft
which guarantees the bonds, and has $3,773,212 invested in the prop
erty. See debenture guaranty, V. 64, p. 181.
_
■ , „ j. _ „
Gross.
N et.
C harges.
B ala n ce.
Year to (1897-8........ $937,829 $250,725 $279,764 def. $29,03»
372.821 319,629 sur. 53,192
June 30. (1898-9......... 974,855
( V. 67, p. 1054; V. 68, p. 976; V. 69, p. 384,1061; V. 70, p. 995.)
✓
98
INVESTOBS’
SUPPLEMENT.
[VO L. L X X t
RAILROAD STOCKS AN D BONDS.
J u l y , 1900. J
9 9
Subscribers w ill con fer a great fa v o r by g iv in g Im m ed iate notice o f an y error discovered In these T a b les.
RAILROADS.
on first page of tables.
.Borni*--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
Road. Bonds Value.
Cent. Payable
whom.
Dividend.
If. T. B rooklyn A Manhat. Beach —Common stock.
Preferred stock, non-oumulative........................
1st con. M. (now 1st M.) gold, guar, oy L. I __ o*
If. F. < Canada—1st M., sterling, guar. D. & H ..c*
6
Debentures, g., guar. p. & 1. end. Del. & H . Canal.
N ew Y o r k C en tra l < H u d s o n H ir e r —Stock__ _
©
Iff. Y. O. & H.,5 $30,000,000 )
J
ls tm o rt.... ? *2,000,000 $ coupon or reg. J
Debt oertifs., (N.Y.Central), gold, $6,450,000.c&r
Debentures, 1884, $10,000,000) A ll eq’ly f .. c&r
Debentures, 1889, $1,000,000. f secured I .......r
Debent’s, g., s. f., $13,194,000. i by mort. \ . c*<fcr
Refund.M., $100,000,000, g.Ce I of 1897.1 c*&r.
Oollat. trust, g. ($100,000,000) L. Sh. stk.G.c*«fcr
do
do
($21,550,000) Mich. Cent. stk..G
Debentures to be Issued under B. & A. lease......
N. Y. Chicago A St. L ou ie—Common stock.................
2d preferred (5 per cent, non-cumulative)...........
1st preferred (5 per cent non-cumulative)...........
1st mortgage gold, sinking fund not drawn..e*&r
Equip, tr., “A” gold, $60,000, Sept. 1, yearly Ce.
Equip, tr. “ B” g. $23,000 due yrly Feb.l5.,Ce.c<fcr
N. Y. A Oreenw.L. —PriorlienM .,gu.p. &i...N.gxc*
N. Y. A H arlem —Common, l l 1 to 12 p.c., 8% guar.
«
Preferred stock, ll* a to 12 per cent, 8% g uar....
Refunding M. (now 1st), $12,000,000, g...Go*&r
if. F. Lackaw anna A Western —Stock, guar. 5 p. ot.
1st mortgage, guar, by Delaware Lack. & West, o’
Oonstr. mortgage, guar, by Del. Lack. & West..e*
3d M. Terminal Imp. (for $5,000,000), gu. p. & 1..
$350,000
100
20
5
A. & 0.
100
650,000
Checks mailed.
Apr.’OO, 2 13%
20 1885 1,000
1,726,000
5 g. A. & O. N.Y., U.S.Mort.&Tr.Co. Oct. 1, 1935
150 1874 *100 &o 4.000.
000 6 g. M. & N. London, Baring Bros. May 1, 1904
....
1896 1,000
1.000. 000 4*fl g. M. & N. N.Y., D. & H. Canal Co. May 1, 1904
....
100 115,000,000 4 in 1899 Q .-J . N. Y., Gr. Cent’l Stat’n. July 16,’00, m
819 1873 1,000 a.18,490,000
7
J. & J. N. Y., Gr. Cent. Station. Jan. 1, 1903
819 1873 1,000 a6,058,028
J. & J. London, Union Bank. Jan. 1, 1903
n .. 1853 50Ó &o. a3,797,000
M. & N. N. Y., Gr. Cent. Station, May 1, 1905
1884 l.OOO&c a4,833,000
M. & S.
I
do
do
Sept. 1, 1904
1889
a659.000
M. & S.
5
do
do
Sept. 1, 1904
>819 1890 l.OOO&o a5,704,000
l.OOO&o
4 g. J. & D.
do
do
June 1, 1905
1897 l.OOO&o 36,899,000
3*3 g. J. & J.
do
do
July 1, 1997
1898 l.OOO&o 90,578,400
3Wg. F. & A.
do
do
Feb. 1, 1998
1898 l.OOO&o 18,804,340
3% g. F. & A.
do
do
Feb. 1, 1998
1900
3ia
2000
523
100 14.000.
000
523
100 11.000. 000
523
100
5.000. 0005 in 1900 March. N. Y ., Gr. Cent. Station. Mch. l . ’OO, 5%
505 1887 1,000 19,425,000
A. & O. N. Y., Union Trust Co. Oct. 1, 1937
1892 1,000
240.000
t * M. & S. N. Y ., Central Trust Co. Yearly to 1908
1896 1,000
5
258.000
F.&A 15
do
do
Yearly to 1911
53 1896 100&C 1,500,000
New York.
5 g- M. & N.
May 1, 1946
145
50
8,656,050 See text. See text N. Y., Gr. Cent. Station, July 2, ’00,4!«
145
50
1,343,950 See text. See text
do
do
July 2, ’00,4%
136 1897 l.OOO&c 12,000,000
3ia g. M. & N. From May 1,1900.
May 1, 2000
214
100 10,000,000
5
Q.—J. N. Y., by Del. Lack.& W. July, ’00,114%
214 1880 1,000 12 ,000,000
6
J. & J.
do
do
Jan. 1, 1921
214 1883 1,000
5.000.
000 5
F. & A.
do
do
Aug. 1, 1923
214 1890 1,000
M. & N.
5.000.
000 4
do
do
May 1, 1928
New York L a k e B rie A Western—Bee E rie RR.
J
standi ng wh en refu
N ew Y o r k Central dcHudson R iv e r R I t .—('/SeeMqp.J-Inoludes
is given in first left hand column.
Dividends in 1899-00 (4% p. c.) call for $4,937,000; in 1898-99 (4
p. e.), $4,000,000.
L in es owned.
Miles.
Fall Brook Ry., etc............ IT 241
A nnual R eport .—Fiscal year ends June 30. Report for 1898-99 was
New York to Buffalo........ 442
Beech Creek RR................. IT 160
Branches........................... 378
WaUklll Valley.....................
33 given at length in V. 69, p. 488,495. See also editorial p. 469.
L in es leased, if See this co.
Years end. June 30.
1899.
1898.
1897.
West Shore.......................... IT 495
Total In earnings...............2,828 M iles........................... .
2,395
2,395
2,395
Troy & Greenbush............. T
T 6
Controlled—Operated separately , (freight earnings................$27,529,964
$27,496,130
$25,850,731
Spuyten Duyvil & Pt. M . . . f
6 Lake Shore & Mich So......... .1,413 Passenger earnings........... 13,723,115
13,250,801
13,094,620
New York & Harlem...........136
Michigan Central...................1,644 Mail, express, etc.............. 4,931,578
5,027,309
4,669,053
5 N. Y Ohio. & St. Louis RR..IT 513
New Jersey Junction.......... if
Rome Watertown & Og...... if 624 Dunkirk A ll. V. & Pitts....if" 91
Total gross earnings...$46,184,657
$45,774,240
$43,614,404
Mohawk & Malone.............. IT 182 Pitts. & La^e Erie svetem..if 180 Net earnings.......................
$16,263,226
$16,014,493
Carthage & Adirondack__ if 46 Toronto Hamilton & Buffalo.. TT88 Other income..................... 17,055,676
4,324,672
2,251,472
665,735
Gouverneur & Oswegatchleif 13 St. Lawrence & Adirondack., if65
New York & Putnam.......... if 61
Net income...................$21,380,348
$18,514,698
$16,680,228
Total owned and controlled Deo. 1,1899(298 miles four traoked.)6,822
Deduct—Rentals paid...
$5,903,508
$5,972,422
$5,924,736
The Boston & Albany, 399 miles, is leased from July 1,1900.
Interest on debt.........
7,523,430
5,480,105
4,126,490
H istory , &o.—Control of the Lake Shore and Michigan Central roads
Taxes oneam. & stock..
246,167
224,460
228,905
was aoquired in 1898, as stated below. In 1898-9 their earnings
Taxes on real estate...
1,738,127
1,883,240
2,048,230
were reported separately, but the $3,810,874 dividends on their shares
55,064
U. 8. In t. Rev. tax........
held by the Central caused the large increase in the item “ other in
Reserved fordeb’tures..
300,000
300,000
300,000
come,” offset by a like amount of interest on the collateral bonds is
Dividends.................... (4) 4,000,000 (4) 4,000,000 (4) 4,000,000
sued for their purchase. V. 69, p. 495.
Balance from operat’n.
$1,615,052
$654,471
$51,867
In Jan., 1900, it was announced that control of the Lake Erie &
Western had been acquired on behalf of the Lake Shore & Mich. So.,
"Operating expenses include $800,000 for new equipment in
and that the Vanderbilt interest in the Cleve. Cin. Chic. & st. 1897-8; $870.000 in 1898-9.
Louis had been increased to an absolute majority; an understanding
President, S. R. Callaway; Chairman of the Board, Chauncey M.
also was reported between the Vanderbilt and the Pennsylvania in
1900):
Frederick W.
terests, by which the latter beoame jointly interested in the stock of Depew. Directors (April,Depew, W illiam K. Vanderbilt,Pierpont Mor
Vanderbilt, Chauncey M.
Samuel F. Barger, J.
the Ches. & Ohio Ry.—V. 70, p. 76, 125,1049.
gan, W illiam Rockefeller, Hamilton McK. Cwombley, Samuel R. Calla
The Bos. & Alb. RR., 389 miles, is leased for 99years from July, 1900, way, Charles C. Clarke, D. O. Mills. William Bliss, Samuel D. Babcock
at a guaranteed rental of 8 per cent per annum on the $25,000,000 B. and George S. Bowdoin.—V. 70, p. 1 2 8 » , 1291; V. 71, p. 29,84.
& A. stock in quarterly instalments, adding 389 miles and a through
N
Chicago A S
Map o f New York Oen
line to Boston to the Central system [unless Mass. Legislature inter tral ew Y o r k River .)—Owns t. L o u is R R .—[Feeto Illinois State Line,
A Hudson
from Buffalo, N. Y.,
feres ] V. 69, p. 78,492,695; see also V. 69, p. 178,228,333, 694.
except 8 miles leased between Dunkirk and Silver Creek, leaving 494
Stock .—Dividend s on stock registered in London are payable in gold miles; leases the proprietary line, Chicago & State Line RR., 111., State
at 491 to dollar. The $15,000,000 additional stock, issued A pril 2, Line to Grand Crossing, 10 miles; also leases Dunkirk to Silver Creek,
sd.
1900, for new rolling stock, increased the outstanding issue to $115,- 8 miles; total. 512 miles; trackage in Buffalo, N. Y ., 1*« miles, and
000,000.—V. 69, p. 906,1103,1248; V. 70, p. 532.
Grand Crossing Chicago, ILL (Lake Shore RR.), 9 miles.
D ividends since J ’91. ’92. ’93. ’94. ’95. '96 t o ’98. ’99.
1900.
H istory .—“ Nickel Plate” road, foreclosed and reorganized in 1887.
1890. Per cent. <4*a 51* 5
5 44* 4 yearly.
4 Incl.July,3%
Stock .—Lake Shore & Michigan Southern owns $6,240,000 common
Dividend rate increased from 4 to 5 p. c. per annum in Jan., 1900.— $6,275,000 2d preferred and $2,503,0001st preferred stook.
V. 69, p. 1301.
D ividends .—On >’91. ’92. ’93. ’94. '95. ’96. '97. ’98. '99. ’00
B onds.—Description of debentures was on page 3 of Supplement 1st pref. in March 5 3^2% 3
3
4
0 5% 0
2% 0 5
of April, 1895. They are all secured by the refunding mortgage of
Bonds.—A sinking fund of $100,000 per
is
1897 equally with the 3^8. B ef. m ortgage is for $100,000,000, of earnings are $900,000 or upwards, if bonds year be provided when net
can
bought at or below
which $70,377,333 reserved to retire all existing bonds at or before ma 102;
thus leaving $100,000
turity and $14,622,667 for premiums; the remainder ($15,000,000) moreif not, the sinking fund lapses for that year, was $20,000,000, and
The original issue
is reserved for new construction after 1903. In 1899 3^8 of 1897 it hasfor dividends. to present amount of bonds
been reduced
by the sinking fund purchases.
had been issued to retire $26,893,912 of old bonds.
Statement of road under mortgage In Supplement of Sept., 1894. See
Collateral trust 3*as of 1898 are secured respectively by deposit in abstract of mortgage.—V. 45, p. 541.
trust with the Guaranty Trust Co., mortgage trustee, of stock of the
L ate st E arnings.—3 mos. ending March 31:
Lake Shore & Michigan Southern and Miohigan Central RRs. at the
3 mos.
Cross.
Net.
Other inc. Int.,tax,etc. B al.sur.
rate of $100 of L. S. & M. S. stock for each $200 of bonds and $100
$373,653
$1,231
$301,169
$73,715
ofMioh. Cent, stook for each $115 of bonds outstanding. The total 1900...........$1,730,038
312,291
1.107
300,317
13,081
authorized issues of 3^8 are $100,000,000 for Lake Shore and $21.- 1899 ........ 1,633,566
550,000 for Miohigan Central. The loans are secured by separate
A nnual R eport .—Report for 1899, V. 70, p. 942. Principally a freight
deeds of trust. See V. 66, p. 288, 336, 760, 811.
line, freight in 1899 contributing $5,713,492 out of $6.919,985.
Year end. Dec. 31—
1899.
1898.
1897.
1896.
The N. Y. Cent, w ill issue in 1900 $5,500,000 in its 100-year 31 per
«
cent debentures for certain propeity not included in the Boston & A l Gross earnings.........$6,919,985 $6,391,420 $5,815,217 $5,587,766
Net earnings.............. 1,300,206 1,035,270 1,084,592
977,605
bany lease. See V. 69, p. 1102.
Net, incl’g other ino’e. 1,311,557 1,041,226 1,091,891
987,248
Guaranties .—The company guarantees the securities of its leased Interest on bonds
777,000
777,000
777,000
777,000
lines to a considerable aggregate—see separate statement for each com Equip, tr. charges.
108,242
112,392
116,542
112,972
pany marked with a T in the table of mileage preceding. I t also guar Rentals..................
T
97,673
93,373
90,694
94,190
antees Western Transit Co. 4^8 for $1,000.000 due February, 1903.
Div. on 1st pref*.__ (5) 250,000
( 2) 100,000
General F inances.—The refunding of the $70,377,000 of old highBalance, surplus.
$78,642
$58,461
$7,655
$3,086
interest-bearing bonds into the 3^8 of 1897 during the years 1898 to
"N ote .—Dividends from earnings of year given are p a id in March
1905 w ill elleot a saving of $1,200,000 per annum in interest charges;
to June 30,1899, about $27,000,000 old bonds had thus been retired; of following year. Pres., William H. Canniffi—V. 70, p. 230, 94 1, 946.
saving in charges by refunding in 1898-9, $437,342.—V. 69, p. 495.
N ew Y o r k C on n ectin g R R .—V. 70, p. 842, 897.
In June, 1900, the company had aoquired $45,289,200 of the oapital
N ew Y o r k dc G reen w o od L a k e R y .—( See M a p o f E rie R R .)—
stook of the Lake Shore road in exchange fo r3^ p.c. bonds (see above), Owns from Jersey City, N. J., to Greenwood Lake, 41 miles, and
leaving $4,177,300 afloat, including $533,500 guaranteed 10 per cent branches to Ringwood, eto., 8 miles; Watchung Ry., Forest H ill to
dividends (see V. 66, p. 288. 336,1238), ana also $16,350,600 of Mich. Orange, N. J., 4 m.; total owned, 53 m. Stook, $100,000; par, $50.
Central stock, leaving $2,387,400 still outstanding.
L ease .—On May 1,1896,was leased to the ErieRR. for 999 years from
On April 2,1900, $15,000,000 stock, sold to stockholders at par, May 1,1896, for interest on prior lien bonds. In September, 1897,
was issued for new equipment. V. 69, p. 906,1103, 1248. On July $48,000 of the $1,500,000 pnor liens were held to retire old inoomes
1, 1900, Boston & Albany RR. (which see) was taken over under yet unexchanged. Prior lien bonds are guaranteed, principal and in
lease.
terest, by Erie. See V. 63, p. 513; form of guaranty V. 65, p. 463.
Average train load for entire system, including company’s freight,
N ew Y o r k 8c H a r le m R R .—Owns New York City to Chatham,
was 34 6 tons in 1898-9, against 320 tons in 1897-8.
N. Y ., 136 miles (four-tracked 7 miles north of Harlem River). Use
E arnings .—Advance statement for 1899-00 (partly estimated) was Boston A Albany RR. to Albany, 24 m. Also owns Fourth Ave. St. RR.
in V. 70, p. 1289, showing:
„ L ease.—The property (except the horse railroad) was leased April 1,
12 mos.
Gross.
Nst. O th e r in c . Charges. Bailor div. ' 1873, for 401 years, to the N.Y. Cent. A Hudson River RR. at 8 per cent
■
1899 00 (est.)..,....... $54,474,000 $21,006,000 $4,533,000 $17,272,000 $8,267,000 dividends on stook and interest on bonds. In April, 1900, it was
1898-99 (act.)............ 48,124,016
17,962,859 4,386,000
16,578,1865,710,975 that the saving in interest charges of $420,000 per annum
agreed
100
INVESTORS’ SUPPLEMENT.
rvor. LXxi.
J u l y , 1900.]
RAILROAD STOCKS AND BONDS.
l« t
Subscribers w i ll con fer a great fa v o r by g iv in g Im m ed ia te n otice o f a n y error discovered In these T a b les.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
Amount.
pal,When Due.
Miles Date Size, or
of
Par Outstanding Rate per When Where Payable, and by Stocks— Last
For explanation of column headings, &o., see notes of
Whom.
Road. Bonds Value.
Dividend.
Cent. Payable
on first page of tables.
$
Y .* L . B r.—Gen.^M. (now 1st) > $2,500,000,g.c*
New York New Haven < H artford — Stock. See text.
&
1st mortgage (for $5,000,000).............................r
Debentures, exchangeable for stock 1903........ 0*
Deben., $10,000,000, currency, non-convert.o&r
N. Y. Pròv. & Bòston, lstm ort., assumed........c*
Gen’lm ort. for $4,000,000, gold, assumed..o*r
Shore Line 1st M ., N. Hav. to N. London, assumed
Housatonio old consolidated mort. (assumed)...
New consol, mort. ($3,000,000) g. (assumed) .c*
B onds o p P r o p r ie t a r y , etc ., L in e s :
38 1891 $1,000
$192,000
5 g. M. & S. N. Y., Liberty Nat. Bk. Sept. 1, 1941
do
do
Sept. 1, 1941
38 1891 1,000
1,500.000
4 g. M. & S.
.... __
M
100 53,638,100 8 in 1899 Q.— jo New Haven, Co.’sOfHce. June30,’00,2%
J. & D. N. Y ., Chem’al Nat. Bk. June 1, 1903
123 1883 1.000&
2,000,000
4
A. & O. N. Y ., Lincoln Nat. Bk.
See text.
1893 lOO&o. 16,397,200
4
M. & S.
New York.
Moh. 1, 1947
4
1897
3,000,000
Apr. 1, 1901
12 1881 1,000
A. & O.
do
do
4
300,000
Apr. 1, 1942
62 1892 1,000
do
do
1,000,000
4 g. A. & O.
M. & S. N. H ., Nat. N. H. Bank. Mch. 1, 1910
49 1880 l.OOO&o
200,000
4 12
A. & O. New Haven, Conn.
Apr. 1, 1910
74 1880 500 &e.
4
100,000
80 1887 1,000
2,839,000
5 g. M. & N. N. Y., Farm. L. & Tr. Co. Nov. 1, 1937
51 1880 1,000
500,000
3»s 1877
25,000
36 1880 1,000
500,000
Danbury & Norwalk con. M. ($100,000 are 6s).0 *
36 1883
Geni. M.,Danbury,Conn.,to Wilson Point, &0 .0 *
100
150,000
12 1873 1,000
Harlem R.ifc Porte. 1st M. guar. ($1,000,000 6s) .c&r
2,000,000
12 1881 1,000
1,000,000
2d mortgage, guar. (See V. 56, p . 813)........c&r
55 1883 l.OOO&o
Naugatuck 1st M., Nauga. June, to Winsted, C t.r
150,000
13 1888 1,000
New Haven & Derby, oonsol. mort. (Nov. lst)..o*
575,000
114 1879 1,000
1,200,000
N. H. &No., consol, s. f. $15,000p. yr.,notdm .o*
27 1881 1,000
Northern Extension bonds.............................c*
700.000
1886 1,000
Deb’tures ext. in ’96, non-conv.,V. 62, p. 548.C*
700.000
17 1891 1,000
Holyoke & W., leased, mtge. $200,000, guar..c*
200,000
New England and Old Colony—See those cos.
51 1897 1,000
1,500,000
Providence & Worcester 1st mortgage, currency
1880
Nantasket Beach, 1st mortgage..........................
250,000
N.Y.O.tt T V — Ref. (1st) M. $20,000,000, g..Me.c*&r Text. 1892 l.OOO&o 15,437,000
1899 1,000
Notes, secured by 1st mort. on Soranton Ooal Co.
2,500,000
Bos. & N.Y. A ir L. 1st M., N. H. to Williman., Ct.o*
5
7
5&6
5
6&7
4
4
5
6
5
5
4
4
2»fl
e *
F. & A. N.Y.,LineolnNat. Bank
J. «fe J.
J. & J. New Haven ,Conn.
A. & O.
do
do
A. & O. N. Y., Chem’al Nat. Bk.
do
do
J. & D.
J. & D. New Haven, Ct., Treas.
M. & N. New Haven, Conn.
A. & O.
do
do
A. & O.
do
do
J. & J.
do
do
A. & 0 .
do
do
Aug.
July
July
Apr.
Oot.
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
A. & O. Prov.,R. I. Hosp. &T.Co Oct. 1, 1947
A. & O.
Apr. 1, 1901
M. & S. N. Y. Office, 56 Beaver. June 1, 1992
1899.
1898.
1897.
1896.
from refunding 7s at 3*2 p. o. should go $200,000 to Harlem and $220,000 to Central. V. 70, p. 740, but see V. 70, p. 104?», Y. 71, p. 29. The Net earnings....$11,562,661 $9,431,052 $9,580,077 $9,208,403
horse road was leased in July, 1896, to Metropolitan Trao. Oo. for 999 Other incom e....
623,423
601,068
614,071
855,685
years at $350,000 yearly (3»a p. c. on stook) for 5 years and $400,000
(4 p. o.) thereafter. V. 62, p. 1088. On Oct. 2.1899, an extra divi
Tot. net inoome$12,186,084 $10,032,120 $10,194,148 $10,064,089
dend of $12 50 per share was paid from funds derived in part from In t. on fund. dbt. $1,100,119 $1,024,138
$883,999
$826,091
proceeds of certain real estate. See V. 67, p. 223; Y. 69, p. 180, 591. Other interest...
10,953
28,995
333,988
660,766
Rentals.............. 4,537,875
3,370,477
3,450,172
3,418,105
ANNUAL DIVIDENDS 1897 TO JU LY , 1900.
2,171,167
1,688,871
1,647,744
1,492,337
Taxes.................
Guaranteed by N. Y. Central............................. 8 % (Jan. 4%, July 4%)
From Metropolitan Street Ry. rental... — 3*«% (April 1%%, Oct. 1%%) Dividends..........(8)4,158,688(8)3,809,816 (8)3,803,516 (8)3,608,542
Extra as int. on investments (V. 67,p. 178)...»«% (April » %, Oot. » %)
4
4
Also in Oot., 1899, an extra 25 p. o.; July, 1900, »3 p. e.—Y. 71, p. 29. Balance............ sur.$207,282 sur.$109,823 sur.$74,729 sur.$58,348
N ew Y o r k L a ck a w a n n a A W e ste rn R y .—Binghamton to Buf'
*Upon the same basis, gross earnings in 1897-98 were $35,960,218
falo and Intem at’l Bridge and branches, 214 miles, of which the main
Pres.. John M. H all, New Haven.—V. 70, p. 76,176, 328, 792, 842,
line, 213 miles, is double track; Delaware L. & W. has a lease for dura 946,997; V. 71, p. 30.
tion of charter from October, 1882, giving a guaranty of the bonds and
N ew Y o r k Sc L o n g B r a n c h R R .—Perth Amboy to Bay Head.N.J.
5 per oent yearly on the stock, bonds and stock being endorsed. See form
38 miles. Leased in 1888 for 99 years to Penn. RR.
of guaranty of terminal bonds in V. 67, p. 1357; see also Y. 6 8 , p. 283. N. J., which jointly and severally guarantee interestand Cent. RR. of
on bonds and 7
N ew Y o r k L a k e E rie Sc W e ste rn R R . —See Erie RR. Co.
per cent dividends on $2,000 000 stock, all owned by Cen. RR. of N.
N ew Y o r k N ew H a v e n Sc H a r tfo rd R R . —Covers Southern J. The $1,500,000 1st 5s were called for payment on June 1, 1399,
New England and the only direct routes between New York and Boston. and replaced by gen. 4s, now a first mortgage. V. 6 8 , p. 283.
Leased (p a rt Owned.)
Miles.
N ew Y o r k O ntario Sc W estern R y . —(See M ap.) —Operates
L in es Owned in Fee —
Miles. New Eng. SR. (whichsee)........536 from Weehawken, opposite N. Y. City, to Oswego, on Lake Ontario:
Junction near N. Y. City to
Old Colony RR. (which see)..616
Road Owned—
Miles.
R oad Controlled, die.
Miles.
Springfield, Mass...................122 Litchfield, Conn., to Bethel__ 38
Oswego to Cornwall, N .Y........272 Pecksport Conn, (all owned).. 4
Lines to Providence, Pittsfield,
L in ts Leased —
Litchfield, etc.........................326 Providence & Worcester........ 48 Branch to New Berlin............. 22 Ontario Carb, & S. (all owned.)
do to Delhi....................... 17
CadosiajN.Y.,toSoranton,Pa. 54
Leased and Controlled^—
Other lin es.............................. 20
do to E llen ville..............
8 Rome & Clinton (leased)........If 13
Lines to Turner’s Falls, e tc ....268 Trackage to N. Y. City, etc__ 30
Utica Clinton & Bing, (leased).if3x
43
Other lines.............
Total owned..........................319 Wharton Valley (owned)......... 7
Total oper. July, 1899 (86 miles has four and 662 two tracks). .2,047
If See this Co.
----Also oontrols Fall River, Providence &Stonington, Norwich and New Trackage (till 2079) W. Shore RR.:
C’nwall toW’h'ken(V.61,p.425) 53
Total operated July 1,1899..481
Haven SS. lines.—V. 70, p. 842.
History .—A consolidation in 1872 of the New York & New Haven
As to Port Jervis Montioello & New York RR., see V. 70, p. 946.
and the Hartford & New Haven. In years 1892 and 1893 acquired
Organization .—The New York & Oswego Midland was sold in fore«
control of several companies whose bonds are given in table above. closure Nov. 14,1879, and this company organized.
The Housatonio, Shore Line, N. Y. Prov. & Boston and the Shepaug
Stock .—Stock is $58,118,982, (par, $100), of which $5,000 is old pref.
Litchfield & Northern have been absorbed by consolidation. V. 69,
V oting T rust .—The preferred was originally $2,000,000, but all ex
p.742. 8 ee also Old Colony, in Nov., 1899, four-tracking, etc., at
Bridgeport, Conn..to cost perhaps $3,000,000,was begun. - V.69,p. 955; cept $5,000 has been exchanged for bonds under act of June 8,1885.
The exchanged preferred stock is held alive under a voting trust and
V. 71, p. 30. In 1$95 acquired control of the New England RR.
E lectric R ailways. —In 1895 control was acquired of the Stamford elects eight of the thirteen directors under a provision of the “ Articles
St. Ry. and the Meriden Electrio Ry. Electric railway between Hart of Association,” until a dividend shall have been earned and paid upon
ford and New Britain, 10 m.f was opened in May, 1897, and additional the common stock. The voting trustees elect directors in the interest
of the common stock. See V. 61, p. 425,426, and editorial, V. 65, p. 495.
Lines, about 18 miles, in 1899. V. 67, p. 732; V. 69, p. 742.
B onds, E tc.—R efun ding mortgage for $20,000,000 covers 319 miles
Capital Stock .—Stock authorized, $100,000,000. It may be issued
fe
for improvements, buying stocks and bonds of leased roads, &c.; of road owned, all the securities of the Ontario Carb. < Scranton Ry.,
$16,397,200 w ill be needed to take up the convertible debentures fn 54 miles, and all other property hereafter acquired. After retire
ment June 1,1899, of the 5s of 1889 there were $15,437,000 of the
1903. (V. 56, p. 289, 373, 579.)
D ividends .— > 1873-1893.
1894.
1895 to June,’00, (incl.) 4s outstanding; the remainder of the $20,000,000 w ill remain avail
able for additions, improvements, etc.— 67, p. 579.
V.
Per cent, s 10 yearly.
9
8 (2 per cent quar.)
Loans and bills payable, Mar. 31,1900, $3,075,000. See General
B onds.—The convertible debentures of 1893 for $16,397,500 are ex F inances below.
changeable at option of holder “on April 1,1903, or within 60 days
G eneral F inances.—Early in 1899, the coal properties at Scranton,
thereafter, and no longer,” for company’s stock at par. If not then
exchanged they w ill be paid in cash April 1,1908. See Y. 55, p. 1035, Pa., of the Lack. Iron & Steel Co., estimated to contain from 25,000,000
of anthracite coal (the capacity
and description page 4 Sup . of April, 1895. Under the lease New thento 30,000,000 tons 700,000 tons per annum) wereof the collieries
open being about
purchased by
Haven road “assumed” the debt of Old Colony. In 1897, $5,000,000
the Scranton Coal Co., aided by loans from the N. Y. O. & W., the latter
New England 5s were guaranteed and sold. V. 64, p. 611.
issuing its $2,5< 0,000 5 p. o. notes extending over a period of years se
L eased L ine Stocks .—The stocks of the leased lines unexohanged cured by a first mortgage on the property of the ooal company and
on June 30,1899, or later, and the dividends payable thereon are shown loaning $1,475,000 secured by a second mortgage on the coal proper
below, the shares being all $100 each excepting Danbury & Norwalk, ty, the O. & W. obtaining a contract for the entire tonnage. V. 6 8 , p.
which are $50 each. The leases are for 99 years.
41 and V. 6 8 , p. 429. The $1,475,000 was obtained by sale of $1,000,Stocks—
Totai, issue.
TJnexch. D ivid’d. Period.
000 refunding 4s and by borrowing $500,000 as a temporary loan
Berkshire................................... $600,000
$599,000 6 p. c. Q.—J.
The coal company is expected ultimately to take care of all the obliga
B. & N. Y. A ir Line pref.......... 2,998,500 1,398,000 4 p. c. A. & O. tions created.—V. 69, p. 604,646. Beginning July 1,1899, many im
do
do
common.. 891,100
157,000 Pays no divid’d. provements of a kind previously charged to capital account w ill be
Danbury & Norwalk................ 600,000
152,950 5 p. o. J. & J. charged by the Ry. Co. against operating expenses.—V. 69, p. 604.
Naugatuck............................... 2,000,000 1,020,400 10 p. c. J. & J.
E arnings—11 months,> 1899-0...Gross, $4,538,205; net, $1,431,747
N. H. & Derby................ 447.000
73,600
4
J. & J.
July 1 to May 31. 5 1898-9...Gross, 3,942,829; net, 1,239,076
New England, common........20,000,000
52,500 Pays no divid’d.
For 9 mos. ending Mar. 31,1900, net, $1,337,804, agst, $1,095,468;
do
do
preferred........5,000,000
74,100 3 p o. Oot.31,&o
N. H. & Northampton............. 2,460,000
None.
4
A. & O. other inc., $206,397; charges, $836,800; sur., $707,401, agst. $483,139.
Old Colony............................ 16,608,900 11,090,900
7
Q.—J.
A nnual R eport .—Fiscal year ends June 30. Annual meeting last
Pawtuxet Valley (par, $(? ))... 100,900
100,9007 p. c. J. & J.
Wednesday in September. Report for 1898-99 was given at length in
Stockbridge & Pittsfield. 448,700
437,700
6
Q.—J.
V. 69, p. 590, 603; see also editorial, p. 568. Coal traffic in 1898-99
1,991,987 tons (out of 2,935,416 tons), against 1,605,508 in '97-98.
L atest E arnings.—9 months ending Mar. 31:
9m
o.s'.
Oross.
Net.
Other in c. In t., tax, etc. B a l.,su r.
Year ending June 30.
1899.
1898.
1897.
1899-0.. $30,275,841 $10,112,7*8 $327,439 $5,955,850 $4,484,347 Gross earnings.......................$4,346,164
$3,914,635
$3,894,403
1898-9.. 27,135,383
9,153,583 608,990 5,813,747 3,948,826 Operat’g expenses and taxes. 2,970,110
2,801,642
2,780,497
A nnual R eport .— Annual meeting is held third Wednesday in Oct*
$1,112,993
Balance, net earnings__ $1,376,054
$1,113,906
Report for 1898-99 in V. 69, p. 742. The net income of the steamboat
lines is Included in other income.
Tot. net income, incl. “other.” $1,543,973
$1,199,739
$1,196,706
Yr. end. June 30.
1899.
1898.
1897.
1896. 'i
Interest on mortgage bonds..
625,207
615,000
609,055
Miles operated..
2,047
1,464
1,464
1,464
Miscell. interest and discount
46,319
4,478
Passenger eams.$18,384,831 $15,901,669 $15,967,864 $16,274,100 Rentals paid..........................
186,081
182,278
183,263
Freight earns... 18,381,849 14,081,857 13,340,213 13,772,071
Miscellaneous...
377.237 .
339,212
315,256
299,459 Balance, surplus................... $686,366
$402,461
$399,910
President, Thomas P. Fow ler—(V. 70, p. 230, 328, 946, 997.)
Gross earnings..$37,143,917 $30,322,738 $29,623,333 $30,345,630
109
INVESTORS’
SUPPLEMENT.
[Y o l . L X X I.
JfoLY, 1900.]
RAILROAD
STOCKS
AN D
BONDS,
103
Subscribers w i l l con fer a great fa v o r by g iv in g im m ed ia te n otice o f a n y error discovered in tbese T a b les.
______________ RAILROADS,______________
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
For explanation of column headings, <fec.,see notes of
of
Par Outstanding Rate per When Where payable, and by Stocks—Last
on first page of table.
Road. Bonds Value
Cent. Payable
Whom.
Dividend.
N. F. dt Ottawa RR. —Receivers’ certif., $585,000..
128 1900
1st M., $3,500,000............................... aio.x.c*& r 128 1897
2d M. Incomes (cum. after July 1,1900), g.nio.r
1897
New York dt Pennsylvania —1st M., $420,000.........
1896
J f.Y . Phila. dt Norfolk —IstM ., $3,000,000, g .F P .c* Î.12 1899
Income mort., g., non-com., reg,($1,000,000) F P 112 1899
N. Y. dt Putnam .—N.Y. & No., 1st mortgage, gold.o
57 1887
N. Y. &P. 1st con., $6,200,000, g., gu. p.&i. end..c*
57 1894
N. Y. dt Rock. B ’h.—1st M., $1,000,000, gold, gu..c*
12 1887
Income bonds, non-cumulative........................... r
12 1887
N. Y. Susquehanna dt Western —
Midland RR. of N. J, 1st mortgage, gold...........o*
72 1880
Paterson Extension RR. 1st M., real estate, g .. c*
1 1881
N. Y. Bus. &W. 1st M., refdg, g. ($5,000 are'6s)..c* 134 1887
2d mort. ($1,000,000 gold) 3d M. on 73 miles.c* 134 1887
General mortgage for $3,000,000, gold.......... o* 134 1890
Collateral trust oonds, subject to oall, cur......
1895
Terminal 1st mort. for $2,000,000, gold..lTs.o*<fcr
1893
Oar trusts...............................................................
Subsidiary com panies —
Wilkesb. & East’ll, 1st M., gold, guar. p. & i.IJs.o*
65 1892
Susq. Connect. RR. 1st M. g.,rea. at 105, guar o
1897
N. Y. & Wilkesbarre Coal Co. 1st mortgage...Co
1893
2d M. (pledged under Col. Tr. of 1895)..............
1895
N. Y. Texas ctMex.—1st. M.,g.,$or £,gu.by So.Pac.c"
91 1882
N orfolk dl Southern—Capital stock.......................... 144
1st mortgage, $10,000 per mile, gold......... -A. c* 144 1891
N o r fo lk A W est. I t y .—Common stock, $66,000,000
Adjustment pref. 4 p. c. non.oum. $23,000,000.. ....
. ...
l,000&o
1,000
100, < c
fe .
1,000
1,000
1,000
1,000
1,000
1,000
$400,000
1.728.000
M. & N. Nov. ,’98,coup.last paid.
632.000
6 g"
420.000
6
J. & J. Homellsviile,N.Y. office
2.500.000
4 g. J. & J. Phila., 26 So. 15th St.
1,000,000
M. & N. Checks mailed(seetext)
4
fc
1.200.000
New
?*• A. < O. N.Y., Gr. York City.
4,025,000
Cent. Station.
i g- A. & O.
984.000
5 e ‘ M. Sc S. N .Y .,U . S. M .& T r. Co.
1,000,000 mostly o wnedby L. I. RR. Co.
500&0.
1,000
1,000
1,000
1,000
1,000
l.OOO&c
3.500.000
6 g- A. & O. N.Y.,Of. 26 Cortlandt st
250.000
do
do
6 g- J. & D.
3.750.000 5 & 6 g. J. Sc J.
do
do
453.000
4*£g. F. & A.
do
do
2.547.000
F. Sc A.
do
do
343.000
s g- M. Sc N.
do
do
2,000,000
M. Sc N.
do
do
161,350
S *'
1,000
1,000
500
& &$
100
1,000
100
100
N ew Y o r k Sc O ttaw a R R .—Incorporated in July, 1897, and ac
quired the Northern New York RR., Tuppers Lake to Moira, N. Y ., 56
miles. Cornwall, Canada, to Ottawa, 5 7 miles, operated from July 29,
1898. Line from Tuppers Lake to Ottawa, 128 miles, in operation,
except the bridge over the St. Lawrence. Capital stock authorized in
September, 1898, to be increased from $1,480,000 to $3,000,000, to
acquire stock of subsidiary companies. V. 66, p. 1189. On Oct. 28,
1899, $2,540,000 stock was outstanding. In Apr., 1900, Henry W.
Gays was appointed reoeiver. V. 70, p. 842. In July, 1900, $585,000
receiver s’ certificates were authorized, of which $400,000 were about
to be delivered. V. 71, p. 135. Year ending June 30,1899, gross, $53,450; def. under oper. exp.. $4,251; other ino., $37,711; charges, $73,563. Coupons of May, 1899. and since in default; reorganization pro
p o sed .-^ . 69,p. 1010; V. 70, 842; V. 71, p. 135.)
N ew Y o r k Sc P e n n sy lv a n ia R R . —Millport, Pa., to Canisteo,N.
Y., 47 miles. In May, 1900, extension reported to be under construc
tion from M illport to Shingle House, 10 miles. Stock, $500,000 (par,
$100); all outstanding. For year 1898-99, gross, $55,304; net, $21,843; charges, $18,710.—Y. 62, p. 1178.
N ew Y o r k P e n n sy lv a n ia Sc O hio R R . —See E kie RR.
N ew Y o r k P h ila d e lp h ia Sc N orfo lk R R .—Delmar, Del., to
Cape Charles, Ya., 95m .,and King’s Creek, McL, to Crisfield, 17 miles.
Reorganized in 1898-99 without foreclosure, per plan in V .66,p . 760.
Securities .—Stock, $2,000,000; issued, $1,714,375; par, $50; repre
sented by negotiable trust certificates issued by Fidelity Insurance
Trust & Safe Deposit Co. of Phila. Of the $3,000,000 1st 4s, $500,000 are reserved for improvements.—V. 68, p. 773, 978. As to in
comes, see V. 68, p. 978. First int. on incomes, 2 p. c„ paid Nov. 1,
1899; May 1,1900, 2 p. c.—V. 70, p. 842,
E arnings .—Year $ 1899..................Gross, $1,106,152; net, $314,508
926,311; net, 166,914
to June 30.
(1898.................. Gross,
—V. 67, p. 275,1357; V. 68, p. 188, 724, 773, 978; V. 69, p. 906; V. 70,
p. 842.
N ew Y o r k Sc P u tn a m R R .—Owns 155th Street and 8th Ave,,
N. Y. City (terminus Manhattan Elevated), to Brewsters, N. Y., 54 miles;
double-track branch to Yonkers, 3 m.; operates 4 m.; total, 61 miles.
H is t o r y .—Successor to the N. Y. & Northern, sold under foreclosure
of 2d mort. Deo. 28,1893, and purchased for N. Y. Central & Hudson
River RR., which operates it under lease—see V. 63, p. 754, 820,1159.
S to c k ,—Capital stock is $6,500,000; par, $100.
B onds .—The New York Central guarantees the new consolidated
mort. bonds, of which $1,000,000 were reserved for improvements; also
$1,200,000 to retire at maturity the first 5s.—(V. 66, p. 83,135.)
N ew Y o r k Sc R o c k a w a y R each R y .—( See M ap L on g Island R R .)
—Owns from Glendale Junction to Rockaway Park, with branch, 12
miles, of which 10'31 miles double track, mostly 80-lb. steel; leases,
1*93 miles; total, 13-93 miles; trackage to Long Island City, Brook
lyn, Far Rockaway, etc., 18 miles. Stock authorized and outstanding,
$1,000,000; par, $100. Controlled by Long Island Railroad Company,
whose endorsement is printed on first mortgage bonds, of which in
Dec., 1899, $111,000 owned by L. I. RR. and deposited under its uni
fied mortgage, together with about $800,000 of the incomes. For year
ending June 30, 1899, gross, $254,300; net, $80,503; interest, $49,200; bal., surplus, $31,303. In 1897-98, net, $76,301. (V. 66, p. 1046.)
N ew Y o r k Susquehanna Sc W e ste rn R R .—(See Eric Map.)
—Direct line from Wilkesbarre and the Wyoming Valley coal fields to
Jersey City opposite New York City, with branches, a total of 238 miles:
L in es owned in fe e .
Miles. I L in es leased, etc.
Miles.
Jersey City to Gravel PI., Pa. .1 0 1 1Middletown un. & Water Gapff 14
[Double traok 19 miles.]
j Wilkesbarre & Eastern............ 65
Two bridges, N .J., to Unionville 21 Susq. Connecting R R ............. 10
Other branches........................ 24 | Trackage................................... 3
Total road operated (Usee this co.) June 30,1899.....................1238
H is t o r y .—Consolidation in June, 1881, of the Midland of New Jersey,
and on April 25,1893, with Hudson River RR. & Terminal Co. In
]898 nearly all of the capital stock was exchanged for stock of
the Erie RR., which operates the line as an Independent outlet to New
York. See V. 66, p. 53, 83 and 759.
S to c k .—Pref., $13,000,000; com., $13,000,000 of which the Erie
owned June 30,1899, $12,280,700 common ana $12,860,100 preferred.
D iv id e n d s .— > Nov., 1891, to 1893.
None
On pref., p. ct. s
21 yearly.
«
since.
^
The issue of refu n d in g mortgage bonds is limited to $3,750,000. Of the general mortgage 5s, bonds are reserved to retire the
second mortgage 4^s. See mortgage abstract, V. 52. p. 84. The
seconds are exchangeable for generals on payment of $60 per bond.
As to term inal bonds listed in Sept., 1893, see Su pplem en t of Jan.,
1898, and abstract of mort. Y. 57, p. 512. The W ilkesbarre dt Eastern
1st 5s (Guaranty Trust Co., formerly N. Y. G. & I. Co., trustee) are
unconditionally guaranteed.—Y. 60, p. 481.
Susquehanna Connecting RR. issued $500,000 of bonds guaranteed;
$25,000 are redeemed at each interest period. (V. 65, p. 409.)
The New Jersey Midland júnior securities are exchangeable into
stock of this company on oertatn terms, and have mostly been so
exchanged. There are also outstanding $70,000 Passaic & N. Y. RR. 6s,
due 1910 (int. J& D), interest on which is guar, under 999-year lease.
E arn in g s .—11 mos., > 1899-1900.Gross, $2,388,344; net, $1,072,813
July 1 to May 31. S1898-1899.Gross, 2,189,440; net, 1,017,310
3,000,000
375.000
If:
478.000
6
Pledged,
5
1.465.000
4 g.
2,000,000 4 In 1899
1.350.000
5 g.
64,479,400
22,742,900 4 in 1899
Nov. 1,1917
July 1,1912
Jan. 1,
Jan. 1,
Oct. 1,
Oct. 1,
Sept. 1,
1939
1939
1927
1993
1927
Apr.
June
Jan.
Feb.
Aug.
May
May
1910
1910
1937
1937
1940
1905
1943
1,
1,
1,
1.
1,
1,
1,
J. Sc D.
do
ido
June 1, 1942
M. Sc S.
New York Office.
Mar. 1, 1907
M. Sc N. N.Y.Of. 26 Cortlandt st Nov. 1, 1933
A. Sc O. N.Y..S.Pao.Co.; London. Apr. 1, 1912
Q .-J . N. Y., Atlantic Tr. Co. JulylO.’OO, 1%
M Sc N.
do
do
May 1, 1941
F. & A. N. Y., Off., 40 Exch. PI. Feb. 23,’00,2%
R eport .—Report for 1898-99 in V. 69, p. 489, showed on 238 miles
Year.
Oross.
Net.
Oth. In c.
Charges.
1898-99........... $2,446,653 $1,083,132 $28,904 $945,146
1897-98.......... 2,329,119
1,022,132
- (V. 69, p. 48 0).
B al. Sur.
$166,790
N ew Y o r k T e x a s Sc M e x ica n R y . —(See M ap o f Southern
P a cific.)—Owns from Rosenberg to Viotoria, Texas, 91 miles. Stock,
$630,040, of which Southern Paoiflo Company owns $615,000. There
are also $60,500 old sixes outstanding Operated by the Southern
Pao. Co., which guarantees the 4 p. o. bonds. Branch from Wharton, 32
miles southeast, almost entirely graded in June, 1900. See also
Galv. Har. Sc San Antorio.
E arnings.—11 months, >1899-1900..Gross, $277,343; net, $111,232
July 1 to May 31.
S1898-1899..Gross, 287,894; net, 123,222
In year ending June 30, 1899, gross, $308,737; net, $125,679;
surplus overtaxes and charges, $23,858. In 1897-8, gross, $362,452;
net, $188,496. Due So. Paoiflo Co. June 30,1899, $356,319.
N o rfo lk Sc C arolin a R R . —Owns from Norfolk, Va., to Tarboro,
N. C., 100 miles; branches, 9 miles; spurs to factories, etc., 2 miles.
In April, 1900, consolidation was pending w ith the Atlantic Coast
Line RR Co., which see. Each share of stock w ill receive 150 per
cent in preferred and 50 per cent in oommon stock of the new com
pany. V. 70, p. 791. Stock, $2,500,000; par, $100. Dividends: In
1896, 3 p. o.; in 1897, 6 p. o. V. 62, p. 186. In year ending June 30,
1899, gross, $707,851; net, $290,989; other income, $5,653; interest,
$86,000; dividends, $175,000; bal., $35,642. In 1897-8, gross, $686,$56; net, $272,903.—V. 66, p. 233.
N orfolk Sc Southern R R .—Owns Norfolk, Ya., to Edenton, N. C.*
74 miles; (ferry across Albemarle Sound to Mackey’s Ferry, 9 miles;)
thence road to Belle Haven, 30 miles; Norfolk to Virginia Beach, 18
m.; Kempsville to Munden’s Point, 22 m.; total main line, 144 miles.
On Nov. 1, 1899, the Norfolk Virginia Beach & Southern RR., 40
miles, included above, was purchased, $520,000 bonds being Issued
therefor. The Norf. V ir. B. & So. $254,000 five per cent bonds were
canceled. V. 70, p. 76, 381, 532, 1195.
D iv id e n d s .—July, 1892, to July, 1900, lncl., at 4 p. o. per annum.
R e p o r t .—
Cross.
Net.
Other In c. Charges. Sur. 1o rd ir.
1898-9............. $552,041
$171,902 $3,596
$40,233 $135,265
1897-8............. $526,835
154,743
4,455
38,483
120,715
In each year paid dividends of $80,000.—V. 70, p. 76, 381, 532, 1195.
N orfo lk V irg in ia R ea c h Sc Southern R R .—Norfolk to V ir
ginia Beach, Va., 18 miles, and to Munden Point, Va., 22 miles.
In Oct., 1899, acquired control of stock of Norfolk & South. RR., which
see. In June, 1900, sold Princess Anne Hotel and 1,300 acres of land
at Virginia Beach. Year ending June 30,1899, gross, $98,747; net,
$31,651; charges, $36,853. Alfred Skitt, New York, Pres. (V. 70, p.
381,532.)
*
N orfolk Sc W e ste rn R y .—See Map.—System extends from Nor
folk, Va., westward to Columbus, Ohio, and northward to Hagerstown,
Md., with branches to the various coal fields in Virginia ana West Va.
Road owned.
Miles.
Norfolk, Va., to Columbus, O..708 Roanoke to Winston............. 121
Radford, Va., to Bristol, Tenn. 107 Sundry branches..................... 113
Roanoke, Vay to Hagerstown.238
Graham to Norton.................. 100
Total of all June 30,1899..1,547
Nor. Car. Juno, to Iron Ridge. 45 Double traok..........................
60
Lynchburg to Durham, N .C .. 115
Organization—This Railway company in 1896 succeeded to the
property and franchise of the Norfolk & Western RR., etc., foreclosed
per p la n , was in V. 62, p. 641. The old stock paid, an assessment
of $12 50 per share, oommon receiving 75 p. o. ana the old pref. 112^
p. o. in new oommon. New preferred was issued to old bondholders.
In Mar., 1900, the Penn. RR. acquired a substantial Interest in the
road, its representatives entering the directory. V.70, p. 687,1150,1195.
Stock .—Provisions of preferred stock certificates were given in Sup
plement of April, 1897, page 4, said stock being 4 p. c. non-cumulative,
with preference as to assets and dividends, and with right during the
first five years to elect two-thirds of the directors unless three fu ll yearly
dividends are paid. No additional mortgage oan be created without
oonsent of two-thirds interest.
D ividends —On adjustment pref.: Nov.,’9 7 ,1 p .c .;in ’98,Feb., I p .
c.; Aug., 2 p. c.; in ’99, Feb., 2 p. o.; Aug., 2 p. o.; in 1900, Feb., 2 p. e.
B onds.—P rior L ien 50-year gold bonds, only if necessary. $3,500,000
First Consol. M. Cold 4s, due 1996...................................... 62,500,000
Of which for old bonds disturbed....................................... 23.322,675
Reserved for $23,388,200 undisturbed bonds.................... 25,986,889
Reserved for existing obligations, or to retire Prior
Lien bonds if issued.......................................................... 3,500,000
For new construction, acquisitions and improvements
not exceeding $1,000,000 yearly...................................... 9,690,436
The new 4 p e r cent first consols are (subject to the small amount of
Prior Lien bonds which may be issued only in case of urgency) a
first mortgage on a large part of the system, viz., upon 845 miles of
railroad; upon important terminals at Norfolk and Lamberts Point;
upon the Ohio River Bridge and the Roanoke Machine Works; besides
being a consolidated mortgage upon the remainder of the svstem, sub
ject to the undisturbed liens, They are further secured by the
104
INVESTORS’
SUPPLEMENT.
[V o l . L X X I
J u l y , 1900.]
R A IL K O A D
STOCKS
AND
BONDS,
tos
Subscribers w ill confer a great fa v or by g iv in g im m ediate notice o f an y error discovered in these T ables
Bonds—Princi RAILROADS,
INTEREST OR DIVIDENDS.
pal,When Due.
Miles Date Size, or Amount
For explanation of column headings, &o., see notes of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Latt
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
Dividend.
N o r fo lk & W estern R y . —(Concluded —
Norf.<feWest.Gen.M..NorfolktoBristol.etc. gold.o* 428 1881 $ 1,0 0 0 $7,283,000
6 g. M. & N. N. Y ., Mercant. Tr. Co. May 1, 1931
do
do
Apr. 1, 1932
New River division 1 st mortgage, gold.........c* 160 1882 1 ,0 0 0
2 ,0 0 0 ,0 0 0
6 g- A. & O.
- See text.
Improvement & Extension Mortgage, gold.. .o* 588 1883 1 ,0 0 0
Feb. 1, 1934
5,000,000
6 g- F. & A.
M. & N. N. Y., Mercant. Tr. Co. Nov. 1, 1989
Scioto Valley & New England, lstM.,assum.,g.o* 129 1889 1 ,0 0 0
5,000,000
f >
First consolidated mortgage seouring: (Prior Lie nbond sto be issued onlyif neoes sary). g
New York.
Prior lien bonds, (see text) gold, red. at 105... 1,551 1896
1946
None.
4 g.
=
First consols, $62,500,000, gold.................c*&r 1,551 1896 500 &o. 28,704,600
4 g. A. & O. N.Y. Mercantile Tr. Co. Oot. 1, 1996
CoL Con. & Term. 1st M., gold. gu. p. < i. (end.)c*
fe
600,000
1892
5 g. J. & J. N. Y., Atlantic Trust Co. Jan. 1, 1922
500
Equip, trust of 1893, gold, not subfect to call, .c* .... 1893 1 ,0 0 0
138.000
fj>* Q .-J . N.Y. Mercantile Tr. Co. Q’lyto Jan.’03
Q’lyto Oct.’02
1892 1 ,0 0 0
129.000
Q.—J.
Burlington, N. C.
Aug., 1900,3%
North Oar.—Stock, 6 *3 %till Dec.31,1901—then 7% 223
4,000,000
6 V 7 F.&A. io
100
North Pacific Coast—1st M., gold, sub. to call atlOO.c 90*5 1881
490,000
1 ,0 0 0
6 g. M. & N. San Fran., Co.’s Office. Nov. 1, 1901
do
do
Jan. 1, 1912
General M. for $1,500,000, gold........................ o 90*5 1892 1 ,0 0 0
908,000
5 g. J. & J.
Q.—F. Phila. Of., 240 So. 3d St. May 25, 00,5 %
No. Penn. —8 tk„ 8 p. c. gu.990yrs.,$6,000,000 auth.
86
4,721,250
8
50
M. & N.
do
do
4
May 1, 1936
Old 2d M., now is t M.( 7s extended in 18 96 )....o
56 1866 500 &c. 1,500,000
do
do
J. & J.
Jan. 1, 1903
General mortgage bonds................................. c&r
8 6 1873
7
4,500,000
M. & S.
do
do
Consol, bonds secured by $1,200,000 stock....... r
6
Sept. 1. 1905
1881
1 ,2 0 0 ,0 0 0
M. & N.
do
do
Funding loan bonds, $109,000............................ —
4
Nov. 1, 1928
302.000
1898
122,608
No. East P enn. —1st Ml, g., gu.P.& R. old oo.(end.)o*
26 1890 1 ,0 0 0
400.000
5 g- A. & O. Phila., Phila. & Read’g. Apr. 1, 1920
North’ n Ala. R y.— IstM ($400,000 are prior lien).o 107 1896
1,650,000 See text. J. & J. N.Y., j . P. Morgan* Co. July 1 , 1928
1 ,0 0 0
Boston, 19 M ilk St. July 2’0 0 ,l1fl%
N orthern, (N. R .)—Stock, 6 p. c. rental....................
83
3,068,400 See text. Q.—J.
100
Northern Central—(Stock $12,000,000 authorized)
50 10,018,150 7 for ’00 J. & J. Balt. & Phila.; Pa. RR. July 14/00,3%
Annapolis.
1st mort., State of Maryland loan—V. 70, p. 895.. 138 1855
1,500,000
6
See text.
Q .-J .
Consol, gen. mort. Csold, s.f., dm. at 100, A&B.c 138 1874-5 $ & £
756,000
6 g. J. & J. London and Baltimore. July 1, 1904
of 187i,gold, se-(gold, $, C & D ..................... c 138 1876-7 $ 1 ,0 0 0
2 ,0 0 0 ,0 0 0
6 g. J. & J. Baltimore, Treas. Office. July 1, 1904
do
do
cures all equally, (gold, E ................................c 138 1885 1 ,0 0 0
Apr. 1, 1925
1,557,000
4 1ag. A. & O.
2d gen. mort., series “A” & “B” (A $2,565,000).. 138 76&82 1 ,0 0 0
J. & J. Baltimore,Treas. Office. Jan. 1, 1926
5
3,565,000
Q .-M . N. Y., 21 Cortlandt St. June,1900,1%
North’ n o f New Jersey—Stock, guar, (see V.69, p.81)
4
1,000,000
100
3d mortgage, now 1st, interest guar.................. c
6
J. & J. N. Y ., U. S. Mort. & Tr. July 1, 1917
21 1887 100 &C.
654,000
Gen. M., $1,000,000, gold, int. guar, by lease__
4*flg.
1949
1899
150,000
equipment, certified, to have cost over $1 1 ,0 0 0 ,0 0 0 , covered by the Oar
Trusts and equipment bonds to be taken up under the plan. The Prior
Lien bonds i f issued w ill be retired at 105 by sale whenever possible
of first consols at or above 95. Undisturbed bonds which cannot be
taken up at maturity on satisfactory terms by use of the consols re
served for that purpose may be extended or renewed. See abstract
in Y. 64, p. 370. As to Scioto Valley <6 New Eng. see Sup . of Jan., ’94.
G eneral F inances.—The reorganization reduced the fixed charges
from $3,214,037 to $2,263,194, a reduction of $950,843; liquidated
floating debt and took up car trusts except those of 1892 and 1893.
The annual charges ahead of the new common stock are smaller than
those ahead of the old preferred stock. Of the company’s traffic in
1898-9 59 per cent (5,258,802 tons) was bituminous coal and coke.
In March, 1899, $5,000,000 1st consol. 4s were sold, o r which $1,500,000 to be used for betterments, double-tracking and additional
rolling stock, remainder to retire underlying bonds maturing to July
1, 1900. Y. 6 8 , p. 619; V. 70, p. 176, 1195.
E arnings—For 11 months ending May 31:
tor 99 years from Jan. 1,1890, was assigned to Boston & Maine; rental
was 5 per cent on stock till July 1,1897, and now 6 per cent, pay
able in gold. In addition to the 5 per cent dividends provided for
bv the lease, an extra 1 per cent per annum (making the quarterly
dividends lL j p. o. each) has been paid regularly from the contingent
fund, and also In 1894, Jan., 5 p. o. extra was paid; in 1896, July, 2
p. o. extra; in 1897 5 p. c. extra.—V. 65, p. 463.
N orthern C aliforn ia R y .—See Southern Paoiflo RR.
N orthern C entral R y .—Owns Baltimore, Md., to Sunbury, Pa.,
139 miles, of which 117 miles double track—branch, 9 miles; leases—
Shamokin Valley & Pottsville Railroad, 33 miles; Elmira & Williams
port Railroad, 76 miles; operates at cost—Elmira & Lake Ontario Rail
road, 100 miles; Lykens Valley Railroad, 20 miles; Pennsylvania
Railroad, 3 miles; total operated, 380 miles. Also uses New York
Lake Erie & Western tracks, 7 miles, and Philadelphia & Erie tracks
between Sunbury and Lewisport, 40 m., and owns Union RR., 9 miles.
Organization.—This was a consolidation of several roads ifi 1854
Controlled by the Pennsylvania RR., which owns $3,621,450 stuck.
Gross.
Net.
Jnt., taxes, <tc. Bal., sur.
Securities Owned —On Jan. 1, 1900, among the assets held were
1899-1900.............$12,780,117 $5,043,850 $2.085,984 $2,957,866 Balt. & Potomac stock (par) of $704,450; Elmira & Lake Ontario stock
1898-1S99............ 10,816,546 3,599,943 2,051,013
1,548,930
(all), $1,500,000; Shamokin Valley & Pottsville stock, $619,650; Union
A nnual R eport .—Fiscal year ends June 30. Annual meeting is RR. stock, $1,225,000 (the balance of $875,000 being held by Philaheld at Roanoke, Va., on second Thursday in October. Report for Wilm. & Balto.), etc. Value of all, as per books, $2,467,209.
1898-99, V. 69, p. 539, 546 (see editorial p. 521) showed:
Stock .—Authorized issue was increased in Feb., 1900, from $8,000, 000 to $ 12 ,0 0 0 ,c0 0 . Of the new stock, $. ,500,000 was subscribed for
1899.
1898.
1897.
1896.
Years end. June 30—
$
$
$
$
by stockholders in May, 1900, raising the outstanding amount to
Passenger earnings........ 1,608,414 1,467,532 1,406,223 1,551,732 $10,018,150. From the proceeds the $1,126,000 cur. 6 s were paid at
Freight earnings............ 9,749,094 9,306,899 8,695,633 8,894,880 m aturity Apr. 1,1900, and the $2,804,000 gold 6 s w ill be paid July
469,630
461,692 435,857
462,247 1 ,1 900—V. "0, p. 333, 430, 687. The $600,000 Union RR. of Balti
Mail, express, &c...........
more 6 per cent bonds were paid at m aturity May 1, 1900.—V. 70, p.
Total grosseamings..ll,827,138 11,236,123 10,537,713 10,908,859 842.
Operating exp. & taxes.. 7,939,102 7,886,099 7,903,451 8,512,221
L iabilities .—Mort. and ground rents on Jan. 1,1900, were $362,007
P. c. of exp. to earns.... (67T2)
(70 18)
(75*00)
(78*03)
D ividends .— ) 1888. ’89. ’90. ’91. ’92. ’93. ’94 to ’98. ’99. 1900.
Per cent... j 7
8
7
7
8
8
7
7
7
Total net earnings... 3,888,036 3,350,024 2,634,262 2,396,638
E arnings.—5 months, S1900........Gross, $3,147,792; net, $821,067
Total net inoome...... 3,911,400 3,382,987
Jan. 1 to May 31.
(1899........Gross, 2,563,692; net, 516,669
Interest on funded debt. 2,219,477 2,211,075 Reorganized co.
Interest on oar tru sts...,
22,137
28,358 took possession
A nnual R eport .—Fiscal year ends Dec. 31. President’s report for
Dividends....................... 909.588 454,198
Oot. 1,1896.
1899, given at length in V. 70, p. 324, 332,380, showed the following:
Miscellaneous.................
7,444
4,605
Year end. Dee. 31—
1899.
1898.
1897.
1896.
Gross earnings............$7,233,417 $6,664,028 $6,732,703 $6,286,602
Balance..................sur.752,654 sur.684,751
Net earnings............... 1,950,523 1,852,786 1,934,336 1,643,497
Officers .—President, Henry Fink; Chairman of the Board of D i Other receipts.............
533,108
504,154
366,788
400,075
rectors, F. J. Kimball, 27 William St., N. Y.; Sec., A. J. Hemphill, N.
Y.—V. 69, p. 81, 2 8 0 , 5 3 9 , 546, 1248; V. 70, p. 176, 382, 687, 1150,
Total net incom e.... $2,483,631 $2,356,940 $2,301,124 $2,043,572
1195; V. 71, p. 135.
Rentals, &o.................. 480,078
480,078
474,304
436,592
775,420
796,574
834,153
843,632
N orth C arolina B B . - Owns from Goldsboro to Charlotte, No. Interest on debt..........
Carolina, 223 miles. Leased from Jan. 1,1896, to theSouthem Ry. Co. Dividends.....................(7)526,267 (7)526,267 (7)526,267 (7)526,267
Miscellaneous.............. 153,291
150,704
69,796
159,490
for 99 years at $266,000 (6*2 p. o. on stock) per year till Deo. 31,1901,
300,000
200,000
...........
...........
and $286,000 (equal to 7 p. o. on stock) balance of lease; also taxes. Extraordinary..........
V. 63, p. 361. Of the stock the State of North Carolina holds $3,000 000.
Balance, surplus__ $247,801
$203,317 $396,604
$77,590
Dividends, Feb., 3^ p. c. and Aug., 3 p. o. V. 65, p. 27; V. 6 6 , p. 665.
N orth Pacific Coast B B , (N a rro w G auge)—Owns San Fran -(V . 70, p. 380, 430,633, 687, 842, 895, 1195.)
N orthern R R . o f N ew Jersey.—Owns from Bergen, N. J., to
cisco to Cazadero, 87 miles; branches to San Rafael and M ill Valley, 4
miles; leases to San Quentin, 3 miles; total operated, 94 miles, includ Sparkm, N. Y. 21 miles; leases Sparkill to Nyack, 5 miles. Leased
to the Erie RR. from June 1,1899, for the term of its corporate exist
ing ferry to San Francisco, 6 miles; also has ferry to San Quentin, 11
miles. Stock authorized, $3,000,000; issued, $1,500,000; par, $100. ence, for interest on bonds, 4 per cent on $1,000,000 stock, payable
For year ending June 30,1899, gross, $392,148; net, $142,840; inter quarterly, taxes, and all corporate expenses. Of the $1,000,000 new
est, taxes, etc., $91,411; balance, surplus for year, $51,429. In 1897-8 a ^ per cent general mortgage bonds, guaranteed by the Erie, $654,000 are reserved to retire the 6 s due July 1,1917, and the remainder
gross, $355,281; net, $118,742.—V. 63, p. 400; V. 69, p. 906.
for improvements and betterments or equipment for operation by elec
N orth P en n sy lv an ia B B . - Owns from Philadelphia, Pa., to tricity of the leased properties. SeeV. 69, p. 81. (V. 69, p 81; V. 71,
Bethlehem, Pa., 56 miles; branches to Delaware River, &o., 31 miles;
seoond track, 54*3 miles; total track, 220 miles. Ground rents p. 30.)
July 1, 1899, $59,854. Leased for 990 years from May 1,1879, to
N orthern O hio R a ilw a y .—(See M ap L a k e E rie < Western .)—
&
Phila. & Reading RR. at 8 per cent on stock, and lease assumed in Owns road from A kron to Delphos, O., 165 miles; branches, 2 miles.
1896 by Phila. & Reading Railway. Of the funding loan bonds, $107,- Road is leased in perpetuity to L. E. & W. V. 62, p. 826.
0 0 0 are reserved to retire mortgages and ground rents as they mature.
Stock .—Common stock (all owned by L. E. ,&W.) $3,580,000; pre
(V. 62, p. 462, 870.)
ferred non-oumulative 5 p. o. stock, $650,000; par of each $100.
N orth -P a st P en n sy lv an ia R R .—Owns road from Glenside to
B onds.—The fir s t mortgage is for $4,000,000 of which $1,500,000
New Hope, Pa., 26 miles. Controlled by P. & R. Capital stock, only to be issued at not
$400,000, of which $315,000 owned by Reading Co. is deposited under hereafter constructed orto exceed $15,000 per mile for completed road
purchased. For year ending Sept. 30,1899,
its gen. M. of ’97; par, $50. Current liabilities June 30, ’99, $294,796.
ross earnings were $166,433; net, $24,446; eh’rges, $134,475; deficit,
N orth -P a stern R R . —In 1898 merged in A tl. Coast Line of So.G f 110.029. In 1897-98, gross, $139,389; net, $12,755—V. 6 6 , p. 337.
N orthern A la b a m a R y .—Sheffield to Parrish, Ala., and branch
N orth ern P acific R a ilw a y .—(See Maps .)—Operates one of the
119 miles. In April, 1899, a majority of the stock and bonds pur leading lines to the Pacific, having its eastern termini at St. Paul,
chased by the Southern Ry. V. 6 8 , p. 824,873. See also V. 69, p. 391. Minn., and Duluth, Wis. (the jiead of Lake navigation), and run
Stock is $2,000,000. Under supplemental mortgage of 1898 $400, ning thence westerly, traversing the great wheat belt of Minnesota
000 of the outstanding $1,700,000 1st 5s were made prior liens. Re and North Dakota, the mining district of Montana and the fanning
maining $1,300,000 general lien bonds bear interest for two years country of Washington to Tacoma and Seattle, and to Portland, Ore
from July 1,1898, at 2 per cent, then 3 per cent for two years; there gon, with branches to Winnipeg, etc.
after 5 per cent. (V. 67, p. 1208.) In year ending June 30, 1899,
H istory .—This Wisconsin company on Sept. 1,1896, succeeded to the
gross, $233,828; net, $72,132. In 1897-8, gross, $192,890; net, $60,- railroads, land grant and other property of the Northern Pacific RR.,
642. (Y. 6 8 , p. 233, 824, 873,1224; Y. 69, p. 28.
foreclosed in July, 1896, and reorganized per p la n in V. 62, p. 550.
N orthern (New H am p shire) R R .—Owns Concord, N. H ., to
In the reorganization the $49,000,000 old common stock paylngasWest Lebanon, N. H., 70 miles; branch to Bristol, N. H ., 13 m ; total, sessment of 15 per cent received 100 per cent of new common. The
83 miles. Subsidiary lines, Concord & Claremont RR., 71 miles; Pe $35,000,000 old preferred paying assessment of 10 per cent received
terborough & Hillsborough RR., 19 miles. Lease to Boston & Lowell 50 per cent in new common and the same of new preferred.
106
INVESTORS’
SUPPLEMENT.
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BONDS.
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SUPPLEMENT,
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Subscribers w i l l con fer a great fa v o r by g iv in g Im m ed iate notiee o f a n y error discovered in tbese T a b les.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Size, or
Miles
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Whom.
Dividend.
Cent Payable
Bonds Value.
Road.
on first page of tables.
167 1895 $1,000 $2,500,000
5 g. A. & O. N. Y., Chase Nat. Bank. Oot. 1, 1945
100 *80,000,000 3 in 1900 F. & A. New York and Berlin. Aug. 3, ’00,1%
Sent. 4 ,’00,1%
100 *75,000,000
do
do
4
Q .-M .
Pref. stock, $75,000,000, non-cum. 4 p .o t.........
May 1, 1907
do
do
402,000
7
M.356&N4
Western RR. Mmn. 1st M., gold, assumed........... ¿¿is 1877 1,000
Feb. 1, 1923
do
do
8,021,000
182 1883 1,000
6 g.
St. Paul & N. P. Gen. M., I'd grant, assumed.o*<fcr
New mortgages of Northern Pacific B y .—
4 g. Q .-J . N.Y.,J.P.Morgan&Bert Jan. 1, 1997
See i 1896 500 &c. 89,900,500
Prior lien M. $130,000,000 gold, land gr...c*&r
do
do
t Jan. 1, 2047
3 g. Q.~- F.
Gen. lienM . $190,000,000,g.,landgrant...c*<fcr Seel 1896 500 &o. 56,000,000
Jan. 1, 1917
9,215,000
4 g. J. & J.
St.P.& Dul.Div. purch. money M., $20,000,000.G 526 1900 —
B onds U n d e r l y in g St . P a u l & D u luth D iv . M ort GAGE.
F. & A. N.Y., J. P. Morgan & Co. Aug. 1, 1931
1,000
1,000,000
5
St. Paul < Duluth 1st mortgage, assumed-----c* 167 1881
&
Oct. 1, 1917
A. & O.
do
do
2,000,000
5
2d mortgage, assumed................................v -°* 167 1887 1,000
Jan. 1, 1914
do
do
J. & J.
210,000
6
21 1884 1,000
Taylor’s F.(te L.Sup.,IstM .,ass’d,s.f.notdr.o*
Sept. 1, 1916
M. & S.
do
do
500,000
5
25 1886 1,000
Duluth S. L. Is tM , p. & i.,|s.f. ass’d,not dr’n.o*
Deo. 1, 1900
do
do
J. & D.
209,500
7
12 1870 500 &c.
Stillwater & St. Paul 1st mort., assumed, gold.
June 1, 1968
do
do
1,000,000
4 & J. & D.
Consolidated mort., ass’d, $5,000,000, g.«*.c* 226 1898 1,000
To 1909
do
do
370,373 4 ifl & 5
’98-’99
Car trusts, including interest, Jan., 1900 .........
3,809,000
1883 1,000
6 g- J. & J. N.Y.Winsl’w.Lan’r&Co. July 1. 1933
NorthernPac.Ter. Oo.—IstM ., gold, red., at 110.. .c*
794,000
1893 1,000
5 g- M. & N. N.Y., Farm’s L. A T. Co. May 1, 1923
Northwestern Coal B y . —Is tM ,, $2,000,000, g.Fc*
Northern R ailw ay (C a l.)—Se e Sou th ern P a c if ic RR*
100
3,000,000
Q .-J . Gl. N. Bk., Bos. & Wore. July 2,'00, 2%
8
72
Norwich < Worcester—Pref. stock, 8 p. o. rental....
£
Mch. 1, 1927
M. & S. Boston, Co.’s offloe.
4
1,200,000
1897 1,000
Bonds (not M .),int. gu. under lease, curr’cy.. .c&r
No.Ohio —IstM . g.($15,000 p.m.)gu.p.&i.L.E. &W.o*
N o r t h e r n P a c ific M y. —
Com. stock, $80,000,000..
IT Coupon bonds F. & A.; registered bonds Q.—F.
.
..
t Berlin at 4-20 marks per dollar.
t 4,792 miles, including 79 miles not operated; spurs, 157 miles.
___________________________________________
* Represented by voting trust certificates.
North Dakota (west of
I Washington.................. 7,696,852
Missouri River).........
5,336 I Oregon..........................
42,438
Montana.......................13,901,715 f
------ —
Id a h o ......................... 1,749,417 | Total west of Mo. Riv.23,395,7 58
In Nov., 1899, about 1,000,000 acres in Washington and Northern
Oregon were sold.— 69, p. 1103. In April, 1900, sold all but about
V.
50,000 aores in Minnesota. V. 70, p. 592. About 1,000,000 aores not
included in above were acquired Dy St. Paul & Duluth purchase in
June, 1900. -V. 70, p. 1250.
G e n e r a l F inances .—The fixed annual charges of the new oompany
on July 1,1899, were $6,135,484, a reduction of $4,770,206 as com
pared with the old company. The redemption on Jan. 1,1900, of the
$4,490,000 remaining general first 6s from land sales reduced the
fixed charges about $270,000 yearly.—V. 69, p. 1063,1103,1194.
T o ta l............................. 332
About $20,000,000, it was understood, w ill be available for exten
Total operated................ 4,635
Water lines...... ................ 26 sions and improvements from the proceeds of land sales completed or
pending in Deo., 1899, and prior-lien bonds unsold.—V. 69, p. 1301.
In July, 1899, had 166 miles under construction, largely completed
A fund of $3,000,000 w assure dividends on preferred stock till 1902
>
in 1899. Inoluded in this is Clearwater Short Line Ry. (see V. 67, p.
1264), Potlatch up Clearwater River to Kooskia, Idaho, etc., 75 miles, was set aside in 1898. See V. 67, p. 579, 588.
completed Apr., 1900. In Dec., 1899, extension of BitterRoot lineproA n n ual R e p o r t .—Report for 1898-99 in fu ll in Y. 69, p. 698, See
posed, about 50 miles.—V. 69, p. 698, 699; V. 69, p. 955. in Feb., also editorial, p. 672. First report of reorganized company, for ten
1900, opened two branches from Portage La Prairie westward months ending June 30,1897, in full in V. 65, p. 680. See also p. 650.
to Oakland. 10 miles, and from Portage La Prairie westward, to Earnings (partly estimated) for 1899-00 were in V. 70, p. 1250.
Beaver, 19 miles and, acquired Everett & Monte Cristo RK., extending
12 months, 12 months, 10 months, 10 months,
from Everett, Wash., to Granite Falls, 25 miles. In April, 1900, conYrs. ending J un e30. 1899-0.
1898-9.
1897-8.
1896-7
tract was reported to be let from Casselton to Dickey, N. D., 60 miles; I Passenger earnings.
...... .
$5,050,356 $4,853,799 $2,850,399
also from Milnor, N. D., westerly about 25 miles. V. 70, p. 792.
Freight earnings. . ...................... 19,485,960 17,432,755 11,085,883
The original Northern Pacific Company was chartered by Congress Mail, express, &c......................... 1,512,358 1,393,164 1,005,536
July 6,1864; 450 miles to Bismarck were foreclosed in 1875. On Feb.
1. 1898, took over Seattle & International, and in July, 1898, the
Gross earnings..$29,981,265 $26,048,674 $23,679,718 $14,941,818
Washington Central under lease (V. 66, p. 856), and in February, 1898,
purchased the entire capital stock and all of the income bonds of the Net earnings...........$15,656,858 $13,699,222 $12,584,347 $5,785,946
$850,590
$750,133
$682,800
$428,981
Washington < Columbia River Ry. See separate statements for these Taxes......................
&
112,852
61,520
...........
.............
Washington companies. A ll, or substantially all, of the securities of Rentals, eto............
811,709
....
the Seattle & International Ry. are owned. On July 1, 1900, the St. Add’ns and imp’ts.. 2,361,698 2,176,619
Paul & Duluth RR., St. Paul to* Duluth, eto., 245 miles, was merged,
Netoperat’gincome.$l2,331,718 $10,710,950 $11,089,838 $5,356,965
its bonded debt being assumed.—V. 70, p. 1250.
Misceilaneo’sincome
V oting T r u st .—Both classes of stock (except sufficient to qualify
not inel.land sales.
533,745 1,001,607
887,196
255,341
directors) are vested until Nov. 1,1901 (unless surrendered earlier at
their discretion) in following voting trustees: J. Pierpont Morgan, Bai. for interest...... $12,865,463 $11,712,557 $11,977,034 $5,612,306
Adgust Belmont, Johnston Livingston, Charles Lanier, all of New York, Interest.................. $5,864,950 $6,079,273 $6,079,160 $5,110,248
and Georg Siemens of Berlin. Provisions of voting trust and of pre Div. on pref. stock..(4)3,000,000 (4)3,000,000 3,000,000
...........
ferred stock were in Su pplem en t of Ajpril, 1897, page 4.
Div. on com. stock.. (3)2,400,000 (2)1,600,000
— .......
...........
S to c k .—The new preferred stock is subject to call in whole or in
part, at par, upon any first day of January prior to 1917.
Bal.,sur.foryear* $1,600,513 $1,033,284 $2,897,874
...........
Additional preferred stock and other mortgages can be issued only
with consent of a majority of the preferred and of the common stock
* To which add surplus from subordinate co.’s, $325,245.
represented at a special meeting. Pref. stock is “ entitled to non-cum.
Of f ic e r s (Sept. 1, 1899).—President, Charles S. Mellen, St. Paul,
dividends to the extent of 4 per cent per annum, payable quarterly
out of surplus net earnings in ©ach fiscal year before any dividends for Minn.; Vice-president, Dan. S. Lamont, New York; Secretary, George
such year shall be paid on the common stock.” In any fiscal H. Earl, New York; Treasurer, C. A. Clark, St. Paul. New York office,
declared
^ in which 4 per cent dividends shall have been preferred on 35 Wall S t—(V. 70, p. 895, 946, 1195,1249; V. 71, p 30.)
preferred and common stock, all shares, whether
or
No
common, shall participate equally in any further dividends for such 70, p.rth & W e s t B ra n c h R y .—See Schuylkill & Juniata RR.—V.
523, 842.
year. In 1898 $3,000,000 was set aside as a reserve fund until the
end of 1901 to ensure the continuity of dividends on preferred. V.
N orth w estern C oal R y .—Allouez Bay, Wisconsin, to Allouez
67 p. 588—see also p. 579. Dividends upon stock registered in Berlin Junction, Wis., 2'53 miles. Capital stock, $1,000,000. For year end
may be collected there at the rate of 4-20 marks per $.—V. 63, p. 1071. ing Dec. 31,1899, gross, $34,048; net, $10,058; miscel. receipts (rents
D iv id e n d s .— On P r e fe r r e d —First dividend paid Jan. 15,1898,1 p.c.; and dock earnings), $43,982; int. and taxes, $43,357; balance, surplus
Mar. 3,1898,1 p. c.; June, 1 p. e.; Sept., 1 p. c.; Dec.. 1 p. o.; in 1899, for year, $10,683.—(V. 69, p. 230, 441).
4 p. o. (Q.-M.); in 1900, Mar., 1 p. c ; June, 1 p. c.; Sept., 1 p. o.
N orthern Pacific T e r m in a l C om p an y, o f O regon.—Owns
On Common . - First dividend Feb. 3,1899, 1 p. o. In Aug., 1«99,1
p. c.; 1900, Feb., 2 p. o., including 1 p. o. extra.; Aug., 1 p. c. (V. 70, frormirmiH on the Willamette River, Ore., at Portland, East Portland and
Albina, comprising lands 270 aores, trackage 32 miles, dock frontage
p. 1195,1250.)
7,904 feet. Station at Portland, Ore., opened 1896.—V. 69, p. 230,441.
B onds .—A b stracts of the new Prior Lien and General Lien mort
L ease .—Leased for fifty years
gages of 1896 were in V.63, p. 1012-1019, and the statement to New to Northern Pacific, Oregon Ry. from Jan. 1,1883, jointly and severally
& Navigation and Oregon & California,
York Stock Exchange, was in V. 63, p. 1072, showing:
with guaranteed rental to pay interest, sinking fund and taxes; leases
P r io r lien 100-year gold 4 p e r cents secured by mortgage
assumed in 1899 by new Nor. Pac. and Or. RR. & Nav. co’s.—Y. 69, p.
to the Mercantile Trust Co. The prior lien bonds
230.
are purchasable with land sales at not exceeding 110,
STOCK.—Stock ($3,000,000) owned by said three companies (40 p.o.)
but are not subject to call, not over $500,000 cash
yearly to be so applied. Total issue............................... $130,000,000 by Oregon Ry. & Nav. Co., 40 per cent by No. Pacific and 20 per cent by
Oregon & Cal. RR.), and held by Central Trust Co. of New York, to be
Issued
.....................
8g,yoo,40o
Reserved’to retire St. Paul & N. P. and West. RR. bonds..
8,423,000 delivered after payments to the sink, fund, which is to cancel the bonds.
For new construction, betterments, equipment, etc., under
B onds .—The first mortgage is for $5,000,000; July, 1900, $4,097,carefully guarded provision«, but not exceeding $1,500,000 had been issued, of whioh $288,000 retired by sinking fund, draw
000 per "annum. Originally $25,000,000—still h e ld .....
23 ,500,000
ings at 110 and interest.—(V. 70, p. 176; V. 71, p. 84.)
General lien M. (Farmers’ Loan & Trust Co., trustee).... $190,000,000
N orthern R a ilw a y Co. (C al.).—See So u th ern P a c if ic RR.
Of which reserved for prior lien bonds...................................
130,000,000
Issued to carry out reorganization...................... .............. 1.
5 6 ,000,000
N orw ich & W orcester R R .—Owns from Norwich, Conn., to
For new construction, betterments, equipment, etc.........
4 ,000.000
Worcester, Mass., 59 miles; branch, Norwich to Groton, 13 miles;
The St Paul « Duluth D ivision mortgage secures $20,000,000 pur total, 72 miles. Also owns entire capital stock ($500,000) of the Nor
fc
chase money bonds on the former St. Paul & Duluth, of which $9,215,- wich & New York Transp. Co., operating boat line to N. Y. City. Leased
000 were issued to acquire the road, $4,919,500 are reserved to retire to New England RR. for 99 years from Feb. 1, 1869, and accepted by
existing St. P. & D. bonds and the balance for improvements to the N Y N H. & H. RR. since July 1,1898; rental is 8 per cent on pre
ferred stock.—See V. 64, p. 664; V. 65, p. 726; V. 69, p. 1194; V. 70,
property.—V. 70, p. 1250.
L and G r a n t .—The land grant was 12,800 acres to the mile in the d . 76. 8tooktn Jan., 1900, was increased from $2,769,200 to $3,000,*
States of Minnesota and Oregon and 25,600 aores per mile in the (then) 000, and bonds from $9 5,000 to $1,200,000 to oover cost of Groton
Intermediate territories. The acres on June 30, 99, not yet sold were: Branch and improvements.—Y. 69, p. 1194; V. 70, p. 76,125.
N orth ern Pacific R y . (C on clu ded.)—The system comprises:
M ain line.
Miles.
B ranches, etc.
Miles.
Spurs, main and branches... 157
Ashland, Wis., to Portland,
fc
O
Ore. (incl. 5 m. terminals) .2,171 Branches not operated.........
Brainerd and Staples to St.
Paul............................... 181 Total system July 1,1899....4,872
St. Paul & Duluth division
acquired July 1,1900 ........ 245
Total main line...................2,352
Independent properties.
Various branches...................2,174
Seattle & Intem at................ 165
Branch line leased (Wash.
Cent.).................................. 109 Wash. & Col. River,.............. 163
Spokane & Seattle (not oper
ated) ...................................
^ j
RAILROAD
J u l y , 1900.J
STOCKS
AND
1O0
BONDS.
Subscribers w ill con fer a great fa v o r by g iv in g Im m ed iate notice o f a n y error discovered in these T a b les.
Bonds —Princi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
For explanation of column headings, Ac., see notes of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
on first page of tables.
Cent. Payable
Whom.
Dividend.
Ogden M ine BB.—Stock (5 p.c.rent.Cen. of N. J.)...
Qqd.A L.Oh.—1st M,$4,400,000, g.,gr.by Rut.Ce.c*
Ohio A K y .—1st M., g., s. f., call at 110.Ce.......... c*
Ohio A Little Kanawha B y. —1st M., $250,000, gold
Ohio A M ississippi —See B a l t . A O h io So u t h w e s t .
Ohio Biver—1st mortgage ($2,000,000), golcLFP.c*
Gen. M. ($3,000,000), gold, 1st on 39 miles......o*
Rav.Sp. A Glen.lstM.,$400,000,g.,gu.,p.Ai.FPo*
Huntington A Big S. IstM . ($400,000), gold, gu.c*
Ripley & M ill Creek 1st M. g., guar. p. &i., end. o*<fcr
Ohio Southern —1st mort., $4,000,000, gold.Ce..c*
General (2d)mortgage, (for $2,800,000),g..Ce.c*
Consol. (3d) mortgage, $8,000,000, gold..............
Car trusts Dec., 1897 ($319,000 are 6s)...............
Old Colony— Stock, 7 p. o., guaranteed by rental.c*
Bonds for Framingham & Lowell bonds............. o
Bonds not mortgage............................................. r
Bonds, not mortgage.............
r
Bonds,not mort, (authorized $3,000,000), g...o*r
Bonds, not mortgage...............................
c&r
Boston Clin. F. ANYB. mort..................................o
Plymouth & Middleboro 1st M., int. guar.(end.).o*
Omaha B ridge A Terminal B y . —1st M. ($5,000,000)
Omaha K . O. A Eastern —Stock ($1,500,000 auth.).
Receiver’s certificates, $300,000.........................
1st mortgage, gold........................... - ................e*
Second (income) mort., $15,000 per mile, gold, .r
Omaha A St. L . KB.—Receiver’s ctis., $525,000—
1st mortgage, gold, subject to call at par...... —
Oregon A Oal.—IstM ., g.,dr’natlOOgu.p.Ai.Un.o*
O reg o n B B . & N a v ig a tio n —Common stock......
Preferred stock, 4 per cent, non-cumulative......
10
127 1898
26 1896
80 1900
$100
1,000
1,000
169
208
33
12
13
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Stock , E tc.—Stock of old Co. outstanding, $3,840,000; par $100.
R e c e iv e r sh ip —Road sold Oct. 15,1898, to first mort. committee for
$2,000,000, No plan of reorganization had been issued to July, 1900.
Property now operated by Benjamin Norton for 1st mort. bondholders.
Co m m ittee s .—First M ortgage: Chairman, W. A. Read of Vermilye A
Co., Simon Borg, Henry Sanford, Edwin S. Hooley and Thomas Denny.
General M ortgage: John I. Waterbury, Chairman; depositary, Man
hattan Trust Co., N. Y.—V. 61, p. 27,1065; V. 62, p. 139, 320. Sec
ond mortgage suit, V. 70, p. 532. Of the consols only $300,000 have
been executed; they are held as collateral for car trusts. In April,
1898, both the 1st and 2d mortgages were held to be a lien on the
entire road. (V. 66, p. 901.)
Earnings .—Mar. 1 to Deo. 31,1899, gross, $652,406; net, $256,992.
Jan. 1 to Apr. 30, 1900, gross, $299,049; net, $115,750.
Gross.
Net.
Int. A taxes. S enta is, etc. B alance.
1698-9...
$...........
$757,998 $247,503 $ ........... $...........
1897-8...
720,561 112,031
..............................
1896-7...
636,523 164,272 350,903 115,996 def.302,627
- (V. 68, p. 474, 824; V. 70, p. 532.)
O k la h o m a City Sc W e ste rn R y .—V. 70, p. 231.
Old. C olony R R . (M ass.)—Owns road from Boston to Province-
town, Mass., Newport, R. !.. eto., 508 miles; leases, 108 miles; total
616 miles. See Su pplem en t of September, 1894.
L e a s e .—In 1893 leased to the New York New Haven A Hartford
for 99 years. About $5,500,000 of the stock, included in table above,
was exchanged for New Haven stock, and is held by that company
The lease provides for dividends of 7 p. o. per annum on stock not
exchanged. See V. 56, p. 247, 374. Stock authorized, $20,000,000.
F lo atin g D e bt .—Loans and bills payable June 30, 1899, were
$187,000,against $737,000 in 1898.—V. 65, p. 463, 5 6 5 ; V. 70, p.176.)
i O m ah a B rid ge Sc T e r m in a l R y .—See Su p . of April, 1899.
5
J. A
4 g. J. &
5 g. J. A
5 g. M. A
J. Phila., 608 Chestnut St. July, ’00.2*3%
J. N. Y. Nat. Bk. of Repub. July 1, 1948
J.
July 1, 1926
S.
Meh. 1, 19ftO
2,000,000
5 g- J. A D. N.Y., Central Tr. Co. June 1, 1936
2,874,000
do
do
Apr. 1, 1987
5 g. A. & O.
376,000
do
do
Aug. 1, 1920»
6 g- F. A A.
291,000
6 g. J. A J. New York or Phila.
July 1, 1922
50,000
6 g. F. & A. Phila., E. W.Clark A Co. Aug. 1, 1909
3,924,000
6 g. J. A D. June, ’96, pd. Sept., ’96 June 1, 1921
2,798,000
4 g. M. & N. May,’95,coup, last paid. May 1, 1921.
See text.
1944
5 £•
1898-1905
757,607
5 & 6 See text
7
100 16,608,900
Boston, Office.
Q.—J.
July 2 ,’00,1%
1884 1,000
498,000
ao
4*2 A. A O.
Apr. 1, 1904
1884 1,000
750,000
4
J. A J.
do
July 1, 1904
4,000,000
4
J. & J.
do
1888 1,C00
Jan. 1, 1939
1894 l,(Mk &c 3,000,000
do
Feb. 1, 1924
4 g. F. A A.
4
J. & D.
do
1895 1.000 feo 5,100,000
Deo. 1, 1925
Ï25 1880 1,000
1,912,000
5
J. & J. Boston, N. E. Trust Co. Jan. 1, 1910
15 1892
225,000
5
Boston.
J. & J.
Jan. 1, 1912
21 1893 1,000
1,000,000
5
J. & J. Prov. L. A T. Co., Phila. Feb. 1, 1943
36
100
1,428,000
(!)
5
1900
36 1896 1,000
816,000
5 g. M. A S. Interest in default.
Sept. 1, 1926
36 1897 100 Ac.
5
612,000
Oct. 1 In t. payb. only if earn’d Oct. 1, 1926
525,000
5
1900
145 1896
2,376^000
4 g. J. A J. Jan., 1900 coup, in def. Jnly" 1,' 1901
596 1887 1,000 19,521,000
5 g. J. & J. N. Y ., South Pacific Co. July 1, 1927
100 24,000,000
.Tply?. ’98 1%
....
....
100 n;ooo;ooo 4% in ’00 J. A J.
do
do
July 2, ’00,’ 2%
1886
1887
1890
1892
1888
1881
1889
1894
1895
N ypano R B , —V. 63, p. asg; Y. 67, p. 223.)
Ogden M in e R R . - Owns Nolan’s Point (Lake Hopatoong) to
Sparta (or Ogden Mine), N. J., 10 miles. Leased for 999 years from
Jan. 1,1882, to Central RR. of N. J. for 5 p. c. per annum on capital
stock and $500 yearly for organization expenses.
O gdensbnrs Sc L ake C h am p lain R y , - Owns from Rouse’s
Point, N. Y., to Ogdensburg, N. Y., 118 mileB.
O r g a n iz a tio n .—Successor in Nov., 1898, under plan in Y. 63, p.
358, to the O. & L. C. B ailroad, sold under foreclosure on May 2,1898,
In Jan., 1899, the entire stock, $4,400,000 was purchased by the
Rutland RR. and the 1st 4s (present issue, $3,700,000) guaranteed;
$700,000 are reserved for new construction. Bondholders have one
vote for each $100 principal of bonds.
Dividends on the $1,500,000 preferred, 2 p. o , paid July, 1900.
R e p o r t .—For year ending June 80, 1899, gross earnings were
$677,569; net over taxes, $i83,556; other income, $6,024; total net
income, $189,580.-(V . 68, p. 41, 86,131.)
O hio Sc K e n tu c k y R y .—Building in Deo., 1899, from Lex. A
East. Ry. at J ackson, Ky., to cannel coal fields in Morgan Co., Ky., 26 m.
To be operated by Lex. & East. Ry. Common stock, $200,000; pref.
stock, $100,000; bonds as above, $250,000; junior securities to be
taken by stockholders, $175,000. The bonds are guaranteed by the
Kentucky Blook Cannel Coal Co., whose $400,0001st mortgage bonds
are deposited with the trustee as additional security. Pres., W. de L.
Walbridge, 1 B’way, N. Y.; Sec. and rreas., M. Baxter, Jr.
O hio Sc L ittle K a n a w h a R y .—Zanesville, O., to Marietta, 80
miles, including branches, 3 miles. Successor on March 1,1900, of
the Zanesville A Ohio River Ry., sold in foreclosure Jan. 20,1900, per
plan V. 69, p. 907. Stock, all outstanding, common, $1,000,000; pre
ferred, $1,250,000. Ia year 1898-9, gross, $123,844; net, $13,662; no
interest paid on bonds. In 1897-8, gross, $121,462; net, $10,767.
President, F. A. Durban; Sec., J. Hope Sutor. (V. 70, p. 177, 280, 480.)
O hio R iv e r R R .—R o a d .—Owns from Benwood, West Va., to Hunt
ington, West Va., 209 miles; trackage into Wheeling, 4 miles; leases
Huntington A Big Sandy Railroad, Huntington to Kenova, West Va.,
11 miles; total in earnings, 224 miles; operates Ravenswood Spencer
A Glenville Ry., Ravenswood to Spencer, 33 m.; Ripley & M ill Creek
Valley, 13 miles; total, 270 miles.
St o c k .—Authorized, $6,000,000; outstanding, $5,915,430; par, $100.
F in an cia l .—Dec. 31,1899, bills payable, $187,000, and in treasury
were $223,000 of bonds issued; equipment obligations, $137,755.
E arnings .—On 224 miles, > 1900...... Gross, $516,615 ; net, $159,722
Jan. 1 to May 31 (5 mos.) 51899...... Gross, 393,252 ; net, 132,578
R e p o r t .—Report for 1899 in V. 70, p. 1046, showing on 224 miles:
Year Dec. 31: Gross. Op. ex* A taxes. Net.
In t., etc.
Balance.
1899............ $1,192,596 $755,551 $437,045 $298,332 $138,713
1898............. 958,450
657,462
300,987
293,374 sur. 7,613
Ravenswood Spencer & Glenville gross for 1899, $48,254; deficit
under oper. charges, $15,087. Ripley A M ill Creek Valley gross, 1899,
$35,082; surplus for year, $13,481.—V. 70, p. 1046.
O hio Southern R R .—Lima, O., to Wellston, 183 miles, and
branches, 80 miles. Traffic principally bituminous coal.
Y ear—
$450,000
3,700,000
250,000
250,000
O m a h a K a n sas City Sc E astern R R .—Owns road, completed
in June. 1897, from Pattonsburg, Mo., to Trenton, Mo., 36 miles. On
Jan. 2,1900, Chas. H. Chappell of Chicago and James Hopkins of St.
Louis were appointed receivers of the Om. K. O. & E., Om & St. L.
and K. C. & Nor. Conn. See Om. A St L. below. — 70, p. 39. On March
V.
31,1900, $300,000 receivers’ certificates bearing not over 5 percent
Interest were authorized; decision reserved July 2,1900, on applica
tion to rescind order. V. 70, p. 30.
For year ending June 30, 1899, gross, $399,581; net. $60,426;
charges, $147,672.—V. 68, p. 773; V. 69, p. 385; V. 70, p. 39, 687.
O m ah a Sc St. L o u is R R . —Owns Council Bluff9, Ia to Pattons
burg, Mo., 145 m. Operated since July 29,1897, by Omaha, K. O.A East.
H is t o r y , E t c .—Successor in June, 1896 (per plan V. 62, p. 41,1177)
of the Omaha A St. Louis B ailw ay, sold in foreclosure Jan. 27. On
Jan. 2,1900, Chas. H. Chappell of Chicago and James Hopkins of St.
Louis were appointed receivers of the Om. A St. L., Kan. City & Nor.
Conn, and Om. K. C. A East., preparatory to reorganization and con
solidation. In May, 1900, the bondholders’ committee, consisting of
W. Emlen Roosevelt, Cornelius B. Gold and Francis Smith, requested
deposits with the Union Trust Co. of New York. V. 70, p. 946; V. 70,
p. 39. On Mar. 31,1900, $525,000 receivers’ certificates bearing not
over 5 per cent interest were authorized. V. 70, p. 687, 792.
Se c u r it ie s .—Capital stook, $2,592,000, represented by Guaranty
Trust Co. certificates (for stook in trust).
E arnings .—Year 1898-9: total receipts, $392,035; net, $116,801;
int. and taxes, $114,812; surplus. $1,989. (V. 70, p. 1150; V. 71, p. 30.)
O ntario Sc R a in y R iv e r R R .—V. 68, p. 1077; V. 69, p. 334.
Oregon S C aliforn ia R R .—(See Map Southern P a c.) —
c
Portland,
Ore., to California State line, 367 miles; Albany June, to Lebanon, 12
miles; Portland to Corvallis, 97 miles; Woodbum to Natron, 93 miles;
Portland, Ore., to Airlee, Ore., and branch, 85 miles. Total,654 miles
L e ase , E tc .—Leased to Southern Pacific Co. for 34 years from August
l , 1893, the lessee guaranteeing interest on the bonds, and the lessor
receiving any net profit and being charged with any deficit after pay
ment of charges. Betterments are payable by lessor. Southern Pacino
interests own the bulk of its $19,000,000 stock, $12,000,000 of which
is 7 p. o. pref.; par is $100. Due So. Pac. Co. June 30,1899, $3,663,163.
B onds .—Land grant was about 4,000,000 acres, part of which is
covered by the mortgage, proceeds of land sales going to redeem bonds
(subject to call at .par). The Southern Paoiflc guaranty of princi
pal and interest is printed on each of the 5 per cents. In 1898-9 net
land sales subject to mort. were $196,711.—See V. 63, p. 754.
E arnings.—Year ending June 30,1899. gross, $2,252,397; net, $787,476; interest, taxes, etc., $1,354,313.—(V. 63, p. 754; V. 70, p, 76.)
,
O regon Im p r o v e m e n t.—See P a c if ic Coast Co . (Miscel. Co’es).
Oregon R a ilro a d Sc N av ig a tion .—(See Map Union P ac.) —East
Portland, Ore., to Huntington, Ore., 403 m .; branches 660; leases 2
m.
; total, 1,065 m.; river division water lines, 353 miles, of which 19
narrow gauge. Ocean line to San Francisco, 660 miles. V. 63, p. 969.
In Dec., 1899, the Snake River Valley Ry. was opened in the interest
of the Oregon RR. A Nav. Co. from Wallula to Grange City, Washington,
65-7 miles; also line from Fairfield to Waverly, Wash., 5 miles. In
Apr., 1900, extension proposed from Lewiston, Idaho, up Clearwater
River to Mt. Idaho, about 120 miles.
Or g an ization .—Organized in July, 1896, per p la n in V. 61, p. 325
and V. 62, p. 41, as successor of the Oregon Ry. A Navigation Co. sold
in foreclosure. Controlled by Union Pacific Ry., directly and through
ownership of the Or. Sh. Line, which owns $16,281,400 of the common.
stook. In July, 1899, Or. Short Line RR. guar, the payment during the
next 2^ years of the remaining 10 per cent of the 20 per cent dividends
on the pref. stock, thus dissolving the voting trust.—V. 69, p. 181.
St o c k .—In October, 1899, the U. P. issued its common stock to
retire, $ for $, the $7,718,600 Or. RR. & Nav common stook notowned 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 Jan., 1900,
$6,615,700 common and $8,794,500 preferred stock had been ac
quired by the U. P.—V. 70, p. 177.
DiViDENDS.—On p refer red : 1897, 2 p. o.; in 1898,4 p. o.; in 1899,4 p.
o.; in 1901, 4 p. o. On com m on paid 1 p. o. July 2,1898.
^ ^ °? D8,~ Tlle consolidated mortgage of 1896 (abstract V. 63, p*
928; trustee, New York Security A Trust Co.) covers all the property.
Of the $24,500,000 authorized, $606,000 in 1899 were reserved for re
tirement through sinking fund or otherwise of $569,000 firsts of 1879,
106,000 for betterments, eto., and $2,830,000 for the construction
of additional road at the rate of not more than $20,000 per mile of
constructed road. F irst mortgage has a sinking fund to buy bonds at or
below 110, or else draw them at par on January 1.—V. 69, p. 1301.
Report.—Report for 1898-9 in V. 69, p. 901.
Year end. June 30—
1897.
1898.
1899.
Rail lin es.................................$4,130,381 $5,992,471
$6,258,282
Water lines............ .................
547,543
902,922
747,697
Gross earnings.................. $4,677,924
$6,895,393
",005,979
no
INVESTORS’
SUPPLEMENT.
IVol L X X I.
Subscribers ««111 con fer a great fa v o r by g iv in g Im m ed ia te n otice o f a n y error discovered In these T a b les.
B onds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Cent. Payable
Bonds Value.
Road.
on first page of tables.
July 1, 1909
$ 1,000
$411,000
J. & J. N. Y ., Sec. & Trust Co.
O reg . R M . & N a v .—(O on .)— 1st M., g., s. f., lOO.o 643 1879
a g J. & D. New York & Germany. June 1, 1946
>
4 g.
Consol, mortgage, $24,500,000, gold................ o* 1,063 1896 1,000 19.634.000
O r e g o n S h o rt l i n e H i t .—
100 27,460,100 mostly o wnedby Union Pacific.
Common stock, $27,460,100................................P. & A. N. Y., 120 Broadway, Feb. 1, 1922
Or. Sh.L. 1st M., p. & L, gold—see V.63, p.602...o* 600 1882 1,000 14.931.000
July 1, 1908
do
do
4.993.000
? *• J. & J.
477 1878 1,000
Utah & North’n 1st mort., $12,000 per m ile.. . .c*
July 1, 1926
do
do
J. & J.
1.802.000
Consol. M.. gu., $15,000 p. m., s. f. not dr’n.g.c* 477 1886 1,000
July 1, 1946
do
do
J. & J.
1897 500 &o. 12.328.000
Consol. 1st M ., $36,500,000, g. (1st M. on400m) .0* 1,479
Non-cumulative Incom e bonds—
1897 500 &c. 7.185.000 5 p. o. in Sept.*99 N.Y.& Boat.,when earn, July 1, 1946
Series A, 5 per cents, $7,185,000.......................
July 1. 1946
do
do
1897 500 &c. 14.841.000 4 In 1899 Oct.
SeriesB, $15,000.000... ........................... .
50
F.-A.,20 N. Y ., Del. L. & W. RR, Aug. 20,1900
9
1,320,400
35
Oswego A Syracuse- Stock, 9 p. c. guar., D. L. & W.
Moh. 1. 1907
do
do
M. & S.
438.000
7
35 1876 1,000
Consolidated mortgage (guar. D. L. & W .)...........
May, 1923
do
do
M. & N.
5
668.000
35 1883 1,000
Construction M., guar.prin. &int.(for $1,000,000)
2,000,000
eg. M. & N. N Y., 120 Broadway. Nov. 1, 1931
88 1881 1,000
Owensboro A Nashvule —1st mortgage, gold.........c*
Jan. 3, 1893
100
7,000.000
48
Panam (»—Stock....................................................... .
Oct. 1, 1917
N. Y ., 24 State St.
4 ^ g. A. & O.
48 1897 1,000 *1,765,000
1st M.,$4,000,000, s.f.,g, red. at 105(text)... Ce.o*
Nov. 1, 1910
do
do
M. & N.
1.482.000
1880 1,000
Subsidy bonds.,g., drawnat 100. SeeV.64,p.705.o*
50
630.000
I e- J. & J. N. Y., 44 Exchange PI. July, 1900,4%
Ï4
Paterson A Hud.Jiiv.—Stk., 8 p.o. rent. N.Y.L.E.&W.
298.000
J. & J. N. Y ., 44 Exohange PI. July, 1900,4%
8
Paterson A Bam apo—Stock (rental guarantee)......
1000
J. & J. N. Y., Central Trust Co. Jan. 1, 1948
2.790.000
Pecos Talley A N ortheastern—1 st mortgage, g.Ce.e* 372 1898
100
F. & A. Tre’s.off.,Concord, N.H. Aug.,1900,3%
541,500
Pemigewasset Talley MR.—Stock (rental guarantee)
50 151,700,000 5 in 1899 M.&N 3 i Philadelphia, Office. May 31,’00,2*9
P e n n s y lv a n ia H it . —Stock.................................
6
See x Phila. Office & London. July 1, 1910
General mort. bonds, $1,000 and £200 each, .c&r 568 1867 $ or £ 19,997,820
Q.-M . is Philadelphia, Office, June 15,1905
6
1.961.000
Currency registered bonds................r 568 1875 1,000
® j,
J.&D. i j
June 15,1905
do
do
2.757.000
6
Currency ooupon bonds....................c 568 1875 1,000
J. & J. Phila. office and London July 1, 1905
6
Sterling bonds...................... -............o 568 1873-4 £200 22.762,020
Philadelphia, Office, Sept. 1, 1919
,-M .
3.498.000
5 g.
Gold registered bonds........................ r 568 1879 1,000
C O g S3
Sept. 1, 1919
do
1.500.000
1879 1,000
5 « - & & S. N. Y.,do
j H a y Gold ooupon bonds............................. e 568 1893 1,000
Farm’s L. & T. Co. May 1, 1943
2.911.000
4 g. M. & N.
St. 5 « Gold sink, fund, 1 p. o., not drawn..o* 568
£200
3iag. J. & J. Lond.,Joint-St’k Bk.Ltd July 1, 1945
4.850.000
; Sterling (s. f. in 1900) not drawn.o *<fer 568 1895
* $916,000 additional 41 authorized for payme nts in 1902. or earli er, on acoou nt of con struotio n of La Boca terminal.
cs
x On coupon bonds J. & J.; on registered bon ds A. AO.
SI:
1897.
Net earn’gs over exp. & taxes. .$1,735,179
Payments- Interest on bonds....................
First mortgage sinking funds..................
Improvements and new equipment........
Depreciation water line equipment........
Miscellaneous...........................................
Dividends on 4% pref. stock— ..............
Dividends (1%) on common stock..........
1898.
$2,785,677
865,491
154,230
89,350
616
(5) 550,000
240,000
1*99.
$2,717,706
830,3b 6
163,110
35,997
94,610
49,912
(4) 440,000
Tne subsidy bonds are secured by an assignment and pledge
made by the U. S. of Colombia to the trustees of $225,000 annually, of
the annual subsidy or rental tothat ex tent payable to said government
by the company, and are drawn and paid off on November 1 yearly with
any surplus of the subsidy not needed for interest; $247,000 bonds
now in treasury. See statement as to subsidy bonds in V. 64, p. 705.
A nnual R e p o r t .—The report for 1899 in Y. 70, p. 737, showed:
Tear
Gross MR,
Net MR.
Net o f
Surplus,
to Dec.31. N a m in gs. E arnings. Steam ships. Charges. In cl. Other In c.
$182,639 $832,239
$295,234
18h9....... $1,098,966 $611,225
18*8....... 1,106,460
618,719
119,111 874,624
266,746
1897....... 1,241,942
766,534
87,350 832,286
409,875
t Including $73.107 misc. inc. in 1898-9; $77,866 in 1897-8.
The charges above in 1899 include: Lighterage, $111,270; general
—V. 69, p. 90 1, 906,1301; V. 70, p. 39, 329.
expenses, $94,622; other expenses, $68,918: subsidy payment,
O regon Short L in e R R .—('-See Map Tin. P a c.)— Granger, Wyo., to $25,000; interest oh bonds, $177,075.—Y. 69, p. 542; V. 70, p. 737.
Huntington, Ore., 542 m.; branch to Ketohum, Idaho, 70 m.; Ogden to
P aterson Sc H u d s o n R iv e r .—Owns from Marion, Jersey City,
MoCammon, Idaho, 111 miles; Pocatello to Silver Bow, Montana, 256
to Paterson, N.
miles; Lehi Junction to Tintic, Utah, 54 miles; Ogden, Utah, to Frisco, N. J. (south of Bergen Junction), $48,400 per yearJ., 14 miles, double
track. Leased in perpetuity, at
275 miles; sundry branches, 122 miles (of which 40 miles narrow gauge); land in Jersey City and taxes, to Erie RR., forming for road, $5,000 for
part of main line.
total, 1,430 miles. In Dec., 1899, branch from Idaho Falls, Idaho, to
P aterson Sc R a m a p o R R . —Owns from Paterson, N. J., to New
St. Anthony, on the Snake River, 137 miles, was opened.
In Aug.. 1899, the Utah & Pacific seventy-six mile extension, from York State Line, 14 miles, double track, part of main line of Erie RR.,
Milford southwest to the boundary line of Utah at MoOune was com to whioh leased Sept., 1852, during legal existence, at $26,500.
pleted.—V. 67, p. 484, 733. The Utah Nevada & Calif. Ry., with
P ecos V a lle y .—See P ecos V a l l e y & N o r th e a s te r n Ry .
capital stock of $5,000,000, w ill build an extension from the State line
Pecos V
N orth eastern R y
M
southwest across Nevada towards Los Angeles, Cal.—V. 68, p. 383. In Pecos City, a lley Sc Amarillo, Texas, 372 .—(See of ap .)—Owns from
Texas, to
miles, which Roswell to
Jan., 1900, a contract for about 80 miles was reported let.
Amarillo, 208 miles, was completed Jan., 1899.
H is t o r y .—Successor March 16,1897, of the Oregon Short Line &
Successor company to the Pecos Valley Ry. Co. sold in foreclosure
Utah Northern Ry., foreclosed per p la n in V. 62, p. 504, 505. Con A pril 19, 1898, ana reorganized as per plan (V. 66, p.438). New
trolled by Union Pacific, which holds nearly the entire capital stock company took possession May 1,1898. The authorized capitalization
and the greater part of the Income A and B bonds.
is $3,162,000 of first mortgage bonds and the same amount each of
Ca p it a l Sto c k .—Authorized $27,460,100, of which new Union Pacific 6 p. o. non-cumulative pref. and common stock. Stock is all issued.
The bonds covers the entire line from Pecos to Amarillo, 372 miles,
Ry. Co. has acquired over 99 per cent.—V. 68, p.188,381,474.
they
B onds.—Of the $36,500,000 new firs t consols, $24,162,000 are re and equipment; held byare authorized at $8,500 a mile, of which
$1,000 a mile is
trustee for future requirements, making the
served to retire at maturitythe loans not disturbed.
total amount of bonds
as
Series A, incomes, non-cumulative 5 per cent-1 have received: In sure interest paymentsto be issued at present $2,790,000. Cash to Co.
,
for two years was deposited with Cent.Trust
Sept., 1897,4 p. c.; Sept., 1898, and Sept., 1899,|the fu ll 5 per cent, at
A t Amarillo the road connects with the Atchison Topeka & Santa
Guaranty Trust Co., N.Y. or Old Colony Trust. Boston.—V. 69, p. 492. Fe, and has close relations with that company, but is independent.
The O. R. & N. stock is placed in trust as special security for
J. J. Hagerman, Colorado
President. Among the other
the Series B incom es, but dividends thereon are to go to the Short Line 'Directors are Chas. A. Otis, Springs, Col., B. P. Cheney, Boston; E. D
New York;
company except as needed to pay to Series B their fu ll Interest. In Kenna, Chicago; Morgan Jones, Fort Worth, Tex.—V. 66, p. 811,1208’
Oot., 1898, 3 per cent and in Oct., 1899, 4 per cent was paid on the
Series B incomes. V. 65, p. 572; V. 66, p. 1141.
P em igew asset V a lle y R R . —Plymouth, N. H ., to Lincoln,N. H .,
In O ot, 1899, the U. P. was issuing its preferred stock to retire dol 23 miles. Leased to Concord & Montreal for 6 p. o. on stock.
lar for dollar, the series “ B ” bonds and also its treasury 4s for the
P e n n sy lv a n ia R R . —(See M ap ).—'The system, as shown on the ad$7,185,000 “A” bonds. In Jan., 1900, $6,312,000 of the Income “A”
j oining map, extends from New York City, westerly, via Philadelphia
bonds and $14,304,500 “B” had been acquired —V. 70, p. 176.
to Pittsburg,
Chicago and Burlington on the
G e n e r a l F inances .—B y the reorganization the annual fixed charges north, and to Erie, Cleveland, Toledo, Louisville and St. Louis on the
were reduced from $2,788,575 to $1,853,770
The new company south. The Washington, Cincinnati,
1,1900, aggregated 9,« 39 miles, of
owns a majority ($16,281,400) of the common and $976,900 of the which 4,665 total system on Jan.mileage operated dire< tly under the
miles represent the
p r eferred stock of the Oregon RR. & Navigation Co.
caption “the lines east of Pittsburg ana Erie” and 4,374 miles the
L a te st E arnings —From Jan. lt o May 31, 1900, gross, $3,364,434, mileage operated directly under the caption “the lines west of Pitts
against $2,893,682 in 1899.
burg and Erie,” the latter being more fully described under the title
Report for 1898-99 in V. 69, p. 1007, showed:
Pennsylvania Com pany and Pittsburg Cincinnati Chicago & St. Louis.
The balance of the system is operated independently.
T ear ended June 30—
1897.
1898.
1899.
Gross earnings........................$5,726,247
$6,317,058
$7,577,108
East of Pittsburg & E rie.
Sunb. Hazleton & Wilkesb. R y .!.. 43
2,728,598
2,825,488
Net earnings........................... 2,246,868
Main Line and Branches— Miles.
Other Income........................ ....................
198,984
437,649 Philadelphia to Columbia, Pa..... 81 Other lines..................................... 672
Balance, surplus for year
Total net...............................................
Interest and sinking fund............ ............
Paid Sept 1 on “A*’ incomes....................
Paid Oct. 1,1898, on “ B ” incomes.........
t$963,856
t$l,212,827
$2,927,582
$1,964,108
(5) 359,250
(3) 445,230
3,268,137
1,963,883
(5) 359,250
(4) 593,640
Balance, surplus...................................
$158,994
$346,363
Financial Office, 120 Broadway, N. Y. City.—V. 70, p. 176.
Oswego Sc Syracuse R R ,—Owns from Oswego, N .Y ., to Syracuse,
N. Y., 35 miles. Leased in 1869 during length of charter and renewal
thereof to the Delaware Lackawanna & Western Railroad Company for
9 per oent per year on $1,320,400 stock and interest on bonds.
O w ensboro Sc N a s b v llle R y .—Owns from Owensboro, Ky., to
Adairville, Ky., 84 mlies; Mud River Branch, 4 miles. Operated by
Louisville & Nashville Railroad, which owns the $1,156,518 stock (par
$100) and $1,200,000 of the first mortgage bonds—all these bonds and
most of the stock being pledged under its trust deeds.
P a n a m a R R .—R o ad —Colon to Panama. 48 m. Completed 1855
In 1898 built from Panama to La Boca, 2 miles.
In December, 1895, an agreement was made with Pacific M ail S. S.
to cover joint traffic between New York and Central America, Mexico
and the U. S. Pacific coast. This agreement expires by lim itation in
1900.—V. 63, p. 76; V. 68, p. 668.
Div id e n d s .— 5 ’85 ’86-7 ’88 ’89 '90 '91 »92 ’93 5None
Since’84 p. ct. ( 10 nil.
23
9
5
5
2
2 (since
B onds .—The new mortgage of 1897 is for $4,000,000; sinking fund
is $150,000 yearly and bonds may be drawn for s. f. at 105; the entire
issue may be called for payment on and after A pril 1,1903, at 105.—
V. 65, p. 516. See also description in V. 66, p. 1046.
Harrisburg, Pa., to Pittsburg, Pa. 248
Total in Penn. RR. statistics.2
4
Branches and spurs.................
207 Trackage.........................................,7 677
Reported
Total main line and branches... 536 Phil. Wilm. &Separately —
Baltimore!............. 669
Northern Central Ry.T.................. 389
Lines operated by lease—
West Jersey H Seashore RR.T.... 3ho
e
Har. Ports. Mt. Joy H Lan. RK.i
e
Cumberland Valley RR.T.............. 163
DlllersvtlletoHarrisb., Pa.,etc.. 52 Allegheny Valley B y .!................. 273
Tyrone & Clearfield Ky................ 134
Western Pennsylvania RR.T........ 140
Grand total east of P. & E ......... 4,665
United New Jersey RR.t
W e s t o f P itt s b u r g Sc E r ie .
Trenton to Jersey City, etc........ 145
Philadelphia & Trenton RR.T...... 27
(T See each Co.)
Miles.
Connecting Railway!....................
7
Reported Directly—
Other lines .......................
87 Pitts.Cin. Chicago & St. L ou is!...1,687
Lines operated under contract—
Pennsylvania Compam lines!...... 1,075
Penn. Schuylkill Valley R R .!...... 130
Sunbury H Lewistown Ry.T......... 56
e
Total reported directly......... 2 ,7 6 2
Bald Eagle Valley RR.T............... 90
Reported Separately Cambria & Clearfield RR.T..........
98 Grand Rapids & Indiana lin es!.... 571
Southwest Pennsylvania K y .!.... 114 Terre Haute & IndianapolisIT...... 599
Pittsburg Va. H Charleston Ry.T. 77 Other lines (see Pa. Co.statement j 442
e
Belvidere Delaware RR.T.............
81
Phila. Germ. H Chest. Hill RR.T.. 14
e
Total system Jan. 1,1900............ 9,089
Philadelphia H Long Branch RR. 49 Long Isla n d !................................ 379
e
Delaware River RR. & Bridge!__
10 Allegheny Valley T........................ 272
Philadelphia & Erie R R .!.............. 302 West. New York & Penn!............. 643
Org an ization , L eases , &c.—The charter of the Pennsylvania Rail
road was dated April 13,1846. The Pennsylvania Company controls
all the lines west of Pittsburg and Erie, the Pennsylvania RR. Co.
holding all its stock. In Jan., 1900, the Penn. RR. purchased stock in
the Baltimore & Ohio RR., the Chesapeake & Ohio Ry. and the Nor
folk & Western Ry. V. 70. p. 76, 231, 687.
On Nov. 1, 1899. the
Delaware River RR., the Baltimore Chesapeake & Atlantic Ry. and the
I ll
BONDS.
AND
STOCKS
RAILROAD
July, ldoo.]
INTESTOES*
112
RAILROADS.
Miles Date
of
For explanation of column headings, &o., see notes of
Road. Bonds
on first page of tables.
1881
P e n n . JtR . - ( Con.)— Bonds(P.W.&B. stk. as eoL)r
1881
Navy Yard mort. (extended 20 years in 1881) — l'
1883
Collateral trust loan, gold, not drawn...............o’
1889
Equip. Tr. gold bonds (s. f. 5 p.o.) not drawn....c*
1891
Penn. Equip. Trust (in series payable iio yearly).
1892
Penn. Rolling Stock Trust (1-10 payable yearly).
1898
do
do
(1-10 j early)..............
1899
do
do
do
...............
1899
Penn. Car T ru s t...................................................
1900
do
do
do
...............
1889
Del. Ave. Market 1st mortgage........................... r
1892
Delaware Ave. Bloodgood property................... r
1893
Penn. RR. real estate purchase money gold M.o*&r
Pennsylvania Company —Stock................................
1881
Bonds, gold, sec. by pl’ge & guar, by Pa. RR.o*&r
1897
Guar.tr.ctfs.$20,000,000g.guar. Pa.RR.,ser.A*..r
Car trusts (June 30,1900) ............... ........... - - - - •
62
Pennsylvania < North Western —
&
Stock, $2,500,000.
24 1880
Bell's Gap Extension 1st mortgage...................o’
24 1883
Consol, mort. (for $550,000) s. fund not dr’n.o’
38 1886
Clearfield & Jefferson 1st mortgage...................o’
62 1890
General mortgage for $2,500,000......................c'
Oar trusts, $50,000 due March, yearly...............
'47
P eoria dt Bureau Val.—Stk., 8 p. c. rent’l C. R.I.&P
Peo. Decatur Evansv.— 1st M. (Peoria Div.), g..c' 110 1880
1st m. (Evansv.Div., Mattoon to Evansville,) g.o' 128 1880
Second mortgage, gold........................
--.o'1 244 1886
Peoria < Eastern —Lnd. Bloom.& W. 1st M., prof.o&r 202 1879
&
Ohio Ind ian a* West. 1stM.,pref.,gold, int. g u.c 342 1888
P. & E. consol. M. $10,000,000, interest guar..c* 342 1890
2d consol, mortgage,income, non-oumularave. ..c 342 1890
SUPPLEMENT.
Bonds—
Princi
INTEREST OR DIVIDENDS.
pal,^When Due.
Size, or Amount
Stocks—Last
Rate per When Where Payable, and by
Par
Dividend.
Whom
Value. Outstanding Cent. Payable
Phila.,Pa.Co.for Ins.&c. July 1, 1921
$ 1,000 $7,702,000
Jan. 1, 1901
Phila., Co.’s Office.
5.000
1 ,000,000
Phila.,Provid’tL.&T.Co. June 1, 1913
1.000
9.900.000
Phila., Gir’d Life &o. Co. Sept. 1, 1914
1,000
2.728.000
1901
Phila.,Tr. S. Dep.&I. Co.
1,000
87.000
1902
Phila., Gir’d Life &c. Co.
1,000
1,000,000
1900 to 1908
do
do
2.700.000
Nov., 1900-’09
do
do
1,000
2.700.000
Feb., 1901-10
do
do
1,000
2.236.01 0
Feb., 1901-10
do
do
1,000
5.500.000
Moh. 1, 1909
Philadelphia.
5.000
300.000
Sept. 1, 1912
Philadelphia.
1.000
200.000
N. Y., Farmers’ L. & Tr. May 1, 1923
1,000
2,000,000
Pittsburg, Co.’s Offloe. June 1, 1894
50 21 , 000.000
N. Y., Nat’l City Bank. July 1, 1921
1,000 19,467,000
N.Y.,Union Tr. * Phila. Sept. 1, 1937
4.950.000
1,000
Phila., Gu. Tr. Co., etc. Various dates.
1,404,850
Phila., Gu.Tr. & S. D.Co. July 10, ’00, 2
” '5 0
2.250.000
Phila., 26 So. 15th St. Aug. 1, 1905
1,000
81.000
Phila., Gu.Tr.& S. D. Co. Apr. 1, 1913
500 *0
145.000
Jan. 1, 1927
do
do
500 &C
1,000.000
Jan. 1, 1930
do
do
1,000
1.021.000
Mch.,'00 to ’03
do
do
151.000
N.Y. .Ch.R.I. & Pac. RR. Feb., 1900,4%
100
1.500.000
July’97,cp. pd. Deo.’97 Jan. 1, 1920
1,000
1.287.000
'8ep.’96 cp. pd. Feb.’97 Sept. 1, 1920
1.470.000
1,000
Nov., ’93, coup, last pd Nov. 1, 1926
1,000
2.088.000
N. Y., J.P. Morgan & Co Apr. 1, 1940
100 * 0.
1,000,000
Apr. 1, 1938
do
do
500 *0.
500.000
Apr. 1, 1940
do
do
I 1,000
8,103,000
Apr. 1, 1990
N. Y., when earned.
1,000
4,000,000
EARNINGS ON ALL LINES BOTH EAST AND WEST OP PITTSBURG AND ERIE*
P e n n sy lv an ia R R . Co.—C oncluded.
Cleveland Akron & Columbus Ry. were formally taken into the sys
tem, and on Jan. 1,1900, the Cleveland & Marietta Ry.—V. 69, p. 955,
1345. In Mar., 1900, the Erie & Western Transportation Co., having
docks at Buffalo and operating aline of steamships on the Great Lakes,
was acquired (V. 70, p. 430, 532,1049). In June, 1 9 0 0 , the Penn. RR.,
had acquired a majority of the $20,000,000 We-tern N. Y. & Peon. Ry,
stock at $9 per $50 share and also the $10,000,000 income bonds at
$ 3 0 0 p er$1,000bonds.
. . . . . . .
r ,
The Western New York & Pennsylvania Ry. and the Allegheny Val
ley Ry. w ill be taken over under lease about Aug. 1, 1900, adding
about 829 miles to the system proper. (V. 71, p. 135.) In May, 1900,
purchased a majority of the Long Island RR.. stock. V. 70, p. 94b.
See G e n e r a l F in a n c e s below. In June, 1900, purchased nearly all
the stock and bonds of the Baltimore & Delaware Bay RR., extending
from Chestertown to Bombay Hook, on the Delaware River, 45 miles.
—V. 70, p. 1248; V. 70, p. 842,1095.
Securities O wned .—The total cost of these to January 1,1900, was
$120,362,426, most of which are pledged to secure Pennsylvania issues.
Revenue derived from these securities in 1899, $4,739,506.
Ca p it a l St o c k .—Stock, $151,700,000, all issued; the amount out
standing has been increased from time to time, chiefly by sale at
par to stockholders, for new acquisitions,etc. See Gen. Finances below.
DIVIDENDS 5’83 ’84 ’85 ’86 ’87 ’88 ’89 ’90 ’91 ’92 ’9 3 ’94 to May , ’00
per oent. (8 ^ 7 5 5 5*3 5 5 5^ 6 6 5
5yearly.
In 1893 paid also 2 per cent in scrip.
Bonds.—Consolidated mort. of 1873 for $100,000,000 secures all the
consols equally, though issued at different dates; of the amount author
ized, a sufficient amount is reserved to retire the general mortgage oi
1867. It covers all the property and franchises of the company,
including its main line from Philadelphia to Pittsburg, and branches,
being a total of 517 miles, partly four-tracked, together with real
estate and equipment. I t is also a first lien on the company’s leasehold
interest in other railroad lines and canals, as well as on shares and
bonds of other companies of an estimated cash value of over $50,000,000. Sinking fund for consols Jan. 1, 1900, held—Consols canceled,
$1.830.980; other securities and cash $6,i0 7 ,744.
The 4 p e r cent loan o/1881 is secured by Phila. Wi!m. & Balt, stock.
The collateral trust loan of 1883 is secured by the deposit of mortgage
bonds of subsidiary lines to the par value of $13,576,000.
G u a r a n te e d B onds .—See Su pplem en t of April, 1899.
G e n e r a l F inances .—In Jan., 1900, stockholders subscribed to $12,930,500 new stock at par to provide for construction and equipment
expenditures on the main and leased lines and branches in 1900, etc.,
and in Apr., 1900, $2,673,100 stock had been issued to acquire the
Erie & Western Transportation Co. and the remaining $6,700,000 of
the $151,700,000 authorized sold in open market. V. 69, p. 1248;
V. 70 p. 430, 532, 740. In April, 1900, terminal improvements at
Washington were proposed, estimated to cost $6,000.000, of whioh
the city w ill pay a ¿hare. V. 70, p. 740. To pay for the stock of the
Long Island and other railroads tecen ly acquired, the company in
May, 1900, borrowed, from $15,000,000 to $20,000,000 at 4 per cent
for one year, with privilege of renewal.— 70, p. 946.
V.
L atest E arnings .—Jan. 1 to May 31, (5 months) directly operated:
T.irifts east of P itts-> 1900.............Gross, $33,628,476; net, $10,272,025
burg * Erie. ( 1 8 9 9 , Gross, 27,382,176; net, 7,226,125
Lines west of P. * E., £hc. or d ec.. Gross, +3,354,700; net, +670,700
A n nual R epo r t .—Fiscal year ends Deo. 31. Annual meeting is held
at Philadelphia on second Tuesday in March. The report for 1899 was
given at length in V. 70, p. 476, 484; see also editorial p. 455.
REPORT OP PENNSYLVANIA RAILROAD COMPANY.
Tear en ding Dec. 31—
1899.
Mues operated..........................
2.781
Gross earnings........................ $72,922,985
Net earnings.................. . .......$22,578,351
In t. on Pa. RR. investments.. 4,739,506
In t. on United N. J. securities
253,884
In t. for use of equipment........
384,034
Interest, general account......
87,539
Miscellaneous..........................
64,320
Total net income................#28,107,635
Deduot—Rentals......................$11,320,449
Interest on funded debt...... 4,265,505
In t. onmorts. & gr’d rents...
131,558
Interest on car trusts...........
640,387
E q u ip . trust loan sink. fund..
136,400
State taxes and miscellan... 1.125,864
Total.................................. #17,620,164
B a ile e ...................................$10,487,471
Payments—To trust fund......
#91,438
Consol, mortgage redeemed....
354,480
Extraordinary expenses.........
989,228
$1,435,136
Balance to credit of income... $9,052,325
Dividends.................................(5)6,465,266
Extra Betterment Fund......... 1,500.000
____ ■
. . .
To credit of profit and loss...... $1,087,059
Pal profit and loss Deo. 31...... $22,380,734
fVOL. LX XI.
1898.
2,755
$65,603,738
$21,093,722
4,636,057
225,631
340,333
105,666
158,958
#26,560,367
$10,315,772
4,263,459
133,604
437,828
136,400
1,044,575
$16,331,638
$10,228,729
$92,000
354,780
673,858
$1,120,638
$9,108,090
(5)6,465,236
$1,800,000
$842,854
$22,445,998
1897.
2,747
$64,223,113
$20,965,487
4,616,216
231,194
353,267
189,574
104,248
$26,459,985
$9,718,430
4,261,039
133,023
549,154
136,400
828,806
$15,626,853
10,833,132
$94,410
324,780
1,067,305
$1,486,495
$9,346,637
(5)6,465,170
1,800,000
$1,081,467
$22,823,957
Tear ending Dec. 31—
^ 1899.
,1 8 9 8 . ^
Gross earnings...........................................
Net earnings................ .-............................ 45,672,655
41,459,415
O f f i c e r s —President, A. J. Cassatt; 1st V. P., John P. Green, 2d
V. P., Charles E. Pugh; 3dV. P., 8. M. Prevost; 4th V. P., Samuel
Rea; Secretary. John C. Sims; Treas., Robert W. Smith. N. Y. head
quarters to be N. E. cor. Broadway and Cedar St.—(V 70, p .76,430,
4 7 6 , 4 8 4 , 532, 687, 792, 842, 946, 997, 1049,1095; V. 71, p. 30, 135.
P en n sy lv an ia C om p an y.—(See Map P en n sylvan ia R R .)—Owns
no road in fee but has charge of all the system of the Pennsylvania
R ailroad Co. west of Pittsburg, viz.: (IT See this company).
Leased by tra nsfer fr o m Pa. RR.
Miles.
Pittsb. Ft. W. & Chicago.. H469-89
New Castle & Beaver V al.. 1)14-98
Massillon & Cleveland—
12-23
Erie & Pittsburg— ........ 1)84-47
Cleveland & Pittsburg— 1)201*41
Leased directly by Pa. Co.:
Pitts. Youngs. & Ashta— 1)125-09
Toledo Wal. Val. & Ohio... 1 125-40
)
Indianap. & Vincen. RR.*1)133"11
Controlled by stock or otherwise:
Pitts. Ohio Val. & Cin.......
Roch. Beaver Falls & W...
Marginal RR.,Beav.F..Pa.
Rolling MillRR.,Toledo,O.
South Chic. & Southern...
State Line & lnd. C ity ....
Calumet River.................
Controlled by stock, etc.:
Miles.
Pitts. Cin. Chib. & St. L.1)l,343-17
Cin. & Muskingum V a l... j] 148’45
Waynesburg &_Washing.. 28-15
Cleveland & M arietta...... 1)103-13
Cin. Leb. & Nor................
31-76
Grand Rapids & Indiana.. 422-55
Musk , Gr. Rap. &. Ind.. 36‘85
Traverse City RR.........
26-00
Cin. R ich .* Fort Wayne 1)85-60
St. L. Vand. & Terre H . .. 1)158-30
East St. L. & Carondelet.. 1)13-25
Terre Haute & LOgansp’t. 159-36
Cleve.Akron & Columbus. 188*42
Newport & Cinoin. Bdge..
*73
Louisville Bridge.............
2-45
15-27
-55
2-96
-71
Controlled jo in tly :
10-25
7-56 Pitts. Chartiers & Yough.. 1)16-47
4-43 Tol. Peoria & Western— 1)230-70
Trackage.....................
113*78
Total Penn. Co.lines... 1,208*31
Total of all lines......... 4,317*43
* Operated by P. C. C. & St. L. Ry,
Organization—Chartered in Pennsylvania A pril 7,1870. Its stock
is owned by the Pennsylvania R ailroad. On Deo. 31,1899, the Penn
svlvania Co. owned sundry bonds having a par value of $8,106,402,
and stocks of par value of $63,741,738, valued at $39,404,422, and
yielding from Jan. 1 to Dec. 31,1899, an income of $2,076,452.
D ividends .—In 1883,4 per oent; then none till 1892, when 4 per
cent was paid in March; in 1893, March, 4 p. 0 .; in 1894, June, 4 p. 0 .
B onds.—The gold bonds o f 1921 are secured 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.
In Sept., 1897, guaranteed trust certificates were issued by Girard
L I A. & Trust Co., Phila., as trustee, under a deed of trust made by
the Pennsylvania Company and the Pennsylvania RR. Co., whereby
the Pennsylvania Company has pledged $5,000,000 at par of the 7 per
cent guaranteed special stock of the Pittsburg Ft. Wayne & Chicago
Railway Co. The total authorized issue of the trust certificates is
$2 0 ,0 0 0 ,0 0 0 , each series to be secured by deposit of shares of the
snecial guaranteed stock to an amount equal to the par value of the
series. Bee V. 65, p. 368, 572,1116; V. 67, p. 122.
R eport .—In year 1899 gross on 1,225 miles, $22,986,827; net
$7 027.616; other income, $2,076,452; interest, rentals, etc., $7,957,
137- bal.. sur., $1,146,931. In 1898, gross, $21,089,609; net, $7,
5441266. In year 1895 profit. $947,034; in 1896, profit, $238,267;
in 1897, profit, $1,009,821; in ’98, profit, $682,505; m ’99,1,146,931.
—(V. 69, p. 904, 955,1248. V. 70, p.
P en nsylvan ia Sc N orth W e ste rn K B . —Owns Bellwood, Pa., to
Horatio, 62 miles; total, including branches, 75 miles. A consolidation
Jan. 1,1890, of the Bells Gap and Clearfield & Jefferson roads.
D ividends .—In 1890, 5 p. c.; in ’91, 5; in ’92. 51 in ’93, 6 p. c.; ’94,
«;
2; 1895, 2; 1896 to *98, none; in 1899, 2; in 1900, Jan., 2; July, 2 p. c.
Earnings.—Year ending Dec. 31, ’99, gross, $670,239; net, $260,841;
interest, taxes, etc., $142,062; dividends, $90,000; balance, surplus,
$28,779. I d 1898, gross, $598,641; net, $224,767. (V. 59, p. 1008.)
P eoria Sc B u re au V a lle y B B . —Peoria to .Bureau June., 111.,
47 miles. Leased in 1854 to Chicago Rock Island & Pacific RR. for
$125,000 yearly; dividends, usually 8 p 0 . yearly, occasionally more.
P eoria D ecatur Sc E v a n sv ille B y .—Line from Pekin to Evans
ville 228 miles; branch, 6 miles; total owned, 234 miles; Joint track to
Hervev City, 8 miles; leased, Pekin, 111., to Peoria. 111., 9 miles; through
Decatur 3 miles; total, 254 miles. Stock of old company, $8,400,000.
R eceivership , E tc.—Receiver is E. O. Hopkins—see Y . 65, p. 195.
The Illinois Central RR. in July, 1900, arranged to purchase the road,
the Mattoon & Evansville RR. being incorporated to take over the
100 miles of the Evansville division in Illinois extending from the
Indiana State line to Mattoon, 100 miles. The whole division, 130
njiles. it is understood, w ill be virtually merged in the Illinois Central.
The disposition to be made of the Peoria division was not yet known.
V 71 in 135. The first mortgage bonds receive $1,035 per $1,000
bond as net proceeds of foreclosure sale.—Y. 69, p. 1248; V. 70, p. 39,
792,997; V. 71, p. 30.
E arnings.—3 months, >1910...........Gross, $237,106; net, $62,105
Jan 1 to Mar 31.
(1899........Gross, 186,309; net, 52,121
For vear ending June 30, 1899, receiver’s report showed, gross,
$824,793* net, $78,036.—V. 70, p. 1150,1250; Y. 71, p. 30,135.
113
BO N D S
STO CK S A N D
R A IL R O A D
J u l y , 1900.j
114
IN V E S T O R S ’ SU PPLE M E N T
______________ RAILROADS._______________ Miles Date Size, or
Par
of
For explanation of column headings, &o., see notes of
Road. Bonds Value.
on first page of tables.
20 1881 $1,000
Peoria d P ekin Union —1st mortgage, gold...........e
k
20 1881 1,000
2d mortgage, gold..................... -......................... c
100
Pere Marquette—Common stock, $16,000,000........
100
Preferred, 4 per cent, non-oum., $12,000,000—
10 1875 500 &c.
Grand Rapids Newaygo & Lake Sh. 1st M. 2d Div.
Chic. & West Mich, general mort. ($12,000p.m.) .o* 488 1881 1,000
D. Gr. R. & W., 1st cons, (now 1st) M., law. m.o* 350 1897 500 &o.
65 1871 1,000
Holly Wayne & Monroe 1st mortgage, assumed.c
do
do
extended (text).............. Text 1871 1,000
F lint < Pere Marq’tte mortgage 6s of 1920, gold.e 281 1880 1,000
&
Consol.M.,($10,000,000) $20,000 p.m., g.Cc. 0* 395 1889 1,000
F .& P .M . 1stM .P t.H .D iv . ($3,500,000),g..Ce.o* 235 1889 1,000
19 1897 1,000
Toledo Division, 1st M., $400,000, gold, I B ... .c*
93 1891 1,000
Ch.& No.Mich. 1st M. ,gu.,p. &i.end by Ch.&W.M.o*
1892 1,000
Mich. Equip. Co. 1st M., gu.p.&i., s.f. red. at 100j .
........
Western Equipment Co........................................
1894-7
Ch. & W.M. coupon scrip Jan.1,1899—Y. 59,p.737
1897 1,000
Pere Marq. Transportat’n Co., gold, p. & i. guar.
67 1900 1,000
Saginaw Tus. & Huron, 1st M., p. & i. guar.Co..
Periciom enr- 1st M., ser. I (1st l’n) gold, gu. p. & i.o* 38*5 1888 100 &o.
1st M., ser. 2 (2d l’n) gold, guar. p. & I. (end.)..o* 38*5 1888 1,000
100
Peterborough EE.—Stock (rental 4 per cent).........
73 1881 1,000
Phil.dkBalt.Cent.—lstM.$2,500,000,$l,200,0004*as
500
1888
Phila. d Ohes. V.—1st M., pf., old 5s, red. ’96, g. .e*
k
500
1888
1st m., old 4s, not pref., int. reduced in ’96, g-.c*
50
Phila. d Brie —Common stock ($10,000,000 author.) 287
k
50
Preferred stock, 7 per cent, special..................... 287
Gen. M. (now 1st) gold, guar. p. & i. by Pa. RR..C 287 1869 1,000
287 1869 1,000
do
do
($5,263,000 are 5s)..................... r
1892 1,000
P hila. d F ra n kford —1st M., $500,000, gu.G uP.o*
k
7 1883 1,000
Phila. Qerm. d Chestnut H ill—1st M., gu. by Pa. R y.r
k
14 1894 1,000
Consolidated mortgage, gold.............................c*
50
29
Phila. Germ, d Norrist’ n —Stock rental., P. & R. Ry.
k
44 1890 1,000
Phila. H arrisburg d Pittsburg —1st mort., gold.o*<fcr
k
1,000
22 1892
P h il.Newt’ndkN.Y.—1st M.,gold (seetext).........e*
IVOL. L X X I.
B onos—
Princi
INTEREST OR DIVIDENDS.
pal,When Due.
Amount
When
Outstanding Rate per Payable Where Payable, and by Stocks—Last
whom.
Cent.
Dividend.
$1,495,000
1,499,000
14,145,500
10,162,200
19,000
5,758,000
5,379,000
1,000,000
Text.
4,000,000
2,600,000
3,325,000
400,000
1,667,000
193,000
116,000
663,622
140,000
1,000,000
799,600
1,125,000
385,000
2,200,000
280,510
100,000
7,985,000
2,400,000
8,680,000
11,143,000
497,000
1,000,000
263,000
2,246,900
2,000,000
1,417,000
6 g. Q .-F . N. Y., Central Trust Co. Feb. 1, 1921
Feb. 1, 1921
4*ag. M. & N.
do
do
June 1, 1905
Dec. 1, 1921
Apr. 1, 1946
Jan. 1, 1901
Jan. 1, 1921
Oct. 1, 1920
g.
May 1, 1939
g.
Apr. 1, 1939
g.
July 1, 1937
gMay 1, 1931
June 1, 1902
Apr. 1, 1909
1904-7
J. & J. N. Y., Mer. Ex. Nat. Bk. $20,000 y’rly
g.
Aug. 1, 1931
New York.
g. F. & A.
J.
g. Q.— Phila. Reading Ter.Bld. Jan. 1, 1918
j_—.T
.
Jan. 1, 1918
do
do
g. C
Apr., 1900, 2%
Nashua, N. H.
A. & O.
4*2 & 5 M. & N. Phila., Penn. RR. Co. Nov. 1, 1911
Apr. 1, 1938
Philadelphia.
4 g. A. & O.
Apr. 1, 1938
do
do
3 g. A. & O.
Phila., Broad St. Stat’n. Mch. 1, 1894
4 in 1899 Yearly. Phila., Broad St. Stat’n. Deo.31,’99,4%
do
and London. July 1, 1920
6g . J. & J.
4 g. & 5 g. A. & O. Phila.. Broad St. Stat’n. July 1, 1920
4 g. F. & A. Phila., Oomp’y’s office. Aug. 1, 1922
4*2 M. & N. Phila., Broad St. Stat’n. May 1, 1913
Nov. 1, 1944
do
do
4*ag. M. & N.
Q.—M. Phila., 132 So. 3d St. June 4,'00,3%
12
5 g- A & 015 Phila., Comp’y’s office. Oct. 15,1925
Oot. 1, 1942
do
do
See text. A. & O.
7
5
4
8
4
6
5
5
5
5
6
6
5
6
4
5
5
4
J. & D. N. Y., Un. Tr. & Boston.
J. & D.
do
do
A. & O. 2d Nat. Bank, Boston.
J. & J. N. Y., Merchants’ N.Bk.
J. & J.
A. < O. N. Y ., Mer. Ex. Nat. Bk.
fe
M. & N.
do
do
A. & O.
do
do
J. & J. Intern’l Tr.Co., Boston.
M. & N. Bos., Nat. Webster Bk.
Boston.
J. & D.
A. & 0.
Heald; Sec. and Treas., Charles Merriam; Comptroller, C. H. Potter,
Jr.—V. 70, p. 39, 76,176, 280, 792, 895.
P e rk lo m e n B B . —Owns from Perkiomen Junction, Pa., to Emaus
Junction, Pa.. 38*3 miles. Stock, $37,500, f. p.; par $50. Reorganized in
1887. There is due Reading Company on loan account $693,980. Total
current liabilities June 30,1899, $878,725. In year 1898-99, gross,
$302,239; net, $146,574; int., etc., $96,230.
P eterborough B B . —Wilton to Greenfield, N. H ., 10*2 miles.
Leased April 1,1893, to Boston & Lowell for 93 years at 4 p. c. on
stock ana expenses. Capital stock $385.000; par, $100; div., A. O.
Petersburg B B . —See Atlantic Coast Line Co. of Yirginia.
P h ila d e lp h ia Sc B a ltim o re C entral B B . —West Pmia. to
Ootoraro Jc.,Md., 63 miles; Wawato West Chester, Pa., 9 m. (double
track, 13 m.); branch, 2 m.; leased, Chester Creek RR., 7 m. Phila. W il
mington & Baltimore Railroad holds $2,499,150 of the $2,499,214
stock, and road is a part of Pennsylvania system. Fiscal year ends
Oct. 31. For 1898-99, gross earnings, $854,874; net, $118,387; int. on
deposits, etc., $22,2a7; def. under charges, $27,496.
P h ila d e lp h ia Sc C hester V alley B B . —Road from Bridgeport
to Downington, Pa., 22 miles. Chartered in 1888. Capital stock (par
P e o ria Sc P e k in T e r m in a l B y .—See St r e e t R a il w a y Su p p ’ t . $50) is, common, $5o0,000; preferred. $205,100; total, $755,100, of
Operates a steam terminal road used by the various trank lines en which Reading Company owns $454,450 common and $205,100 pre
tering Peoria and Pekin, 111.; also an electric street railway. Owns ferred, of which $450,000 common and $205,100 preferred are depos
ited under its general mortgage of 1897.
union stations in both Peoria and Pekin.
The Reading “ Company” guarantees by
P eoria Sc P e k in U n ion B y .—Owns Pekin to Peoria, on both interest of the bonds, with interest reduoed.endorsement principal and
See V. 63, p. 1064.
sides of Illinois River, and yards at and opposite Peoria. Mileage main
P h ila d elp h ia Sc Erie B B . —(See M ap P ennsylvania B B .)—
track, 16-55; second main track, 8*92; total main track, 25-47 miles.
Mileage of side and yard tracks, 47*62. Capital stock, $ l,t 00,000. R o ad —Owns Sunbury to Erie, Pa., 287 miles--double track, 76 miles.
Owned by the Cleveland Cincinnati Chioago & St. Louis, Chicago
O r g a n iza tion , L ease , &o.—Formerly Sunbury & Erie. Leased to
Peoria & St. Louis, Peoria Decatur & Evansville, Lake Erie < Western Pennsylvania RR. Co. for 999 years, and actual uet receipts paid as
&
and Toledo Peoria & Western companies. Dividends 1895-1899, 6 p c. rental. Pennsylvania RR. owned Dec. 31, 1899, $3,499,800 common
per anninri. Earnings for year 1898-99, gross, $736,009; net, $375,- and $2,400/000 special stock and $3,944,000 general mortgage bonds,
633; charges, $266,606; dividends, $60,000; balance, surplus, $49,027. and oity of Philadelphia (sinking fund) $2,250,000 common stook.
In 1897-8, gross, $686,848; net,$352,120.—V. 60, p. 521; V. 70, p. 584.
D iv id e n d s .—On common in 1892,2 p. o.; 1894, 2 p. c. On preferred
P e o ria & S t. L o u is B y .—In April, 1900, partially constructed “ special,” 1888-93,7p. o. yly.; ’94 to ’97, 2 p. o.; ’98 and ’99, 4 p.o.
from Springfield to Peoria, 111., about 55 miles, and it was reported
E arn in gs .— 5 mos., ) 1900............. Gross, $2,074,923; net, $629,724
would be completed in 1900. See V. 69, p. 81. First mortgage is for
Jan. 1 to May 31 J1899............. Gross, 1,658,296; net, 387,665
$ 1 ,1 0 0 ,0 0 0 «old $100 5s of 1896, due Aug. 1, 1936; interest payable
A n n ual R eport.—Report for 1899 was given in V. 70, p. 427.
F&A at Knickerbocker Trust Co., N. Y; outstanding last accounts,
Year end. Dec. 31—
1899.
1898.
1897.
1896.
$50,000; issuable at|$20,000 per mile. Y. 64, p. 755. Mortgage trus
$4,574,443 $4,601,257 $4,512,511
tee was Robert Maclay. Stock outstanding, April, 1900, $50,000. Gross earnings.......$5,348,029
Total net income... 1,664,235
1,317,918 1,235,187 1,231,996
President, Turney English; Seo., T. W. 8. Kidd. (V. 69, p. 81.)
1,019,150
1,019,150 1,047,470 1,047,470
Pere M arqu ette B B .—(See M ap.)— network of lines lying Interest on debt..... stook.
.A
on special
96,000
96,000
48,000
chiefly in Michigan, the eastern termini being at Toledo, O., Detroit, Interest on equipm’t, <fco. 447,864 200,454
Interest
125,564
176,962
Mich, and Port Huron, Mich, (connecting there with the Grand
Trunk Ry.), and the western termini at La Crosse, Ind. [through parlor Balance........................ sr.$l01,221 sur. $2,314 sr.$14.153 sur.$7,564
oars also running to Chicago, 111.], and at Grand Haven, Ludington, -(V . 65, p. 572; V. 66, p. 385, 468; V. 68, p. 425; V. 70, p. 427,532.)
Muskegon, Manistee in Michigan, on Lake Michigan.
P h ila d e
fo rd B B . —
Lines owned in fee.
Miles.
M ile s Frankford, lp h ia Sc F r a n kThe $500,000Owns from Orescentvllle to
stook, $498,950 is owned
Sparta to Sheriden................. 34 by ReadingPa., 2*6 miles. deposited under its mortgage of 1896. In
Alexis (near Toledo) to Lud
Company and
ington on Lake Michigan.. 268 Other...... ..............................
23 1898 interest on bonds reduoed from 5 to 4 per cent, principal and in
Leased (G. R. Beld. & Sag.)—
La Crosse, Ind. to Bay view,
Freeport to fielding.......... 29J terest being guaranteed by Reading Co. V. 67, p. 1358, 1357.
a
Mich..................
394
P h ila d e lp h ia G erm a n tow n Sc C hestnut B i l l B B . —In Phil
Saginaw Tuscola & Huron—
West Detroit to G’nd Rapids,
adelphia from Germantown Juno., on Connecting Railway, to Chestnut
Saginaw to Bad Axe ........ 67
Mich...............
147
H ill, 7 miles; branches, 7 miles. From May 1,1883, leasoa for 30 years
Port Huron to Muskegon. .. . 240
Pt. Huron to Sand Beach, etc. 110 Total operated, about........ 1,865*« to the Pennsylvania RR. Co., which guarantees piln. and int. on 1st
Other lines, spurs, etc...........546*4 Spurs, about.......................... 200 mortg. bonds, and Jan. 1,1900, owned $1,262,750 of $1,263,000 out
standing stook and all the $263,000 outstanding consol, mort. bonds.
Trackage, etc....................
6*6
Authorized
$50). Of the consol, mortgage for
Also owns car ferries Milwaukee to Muskegon, and Ludington and $2,000,000, stook $2,000,000 (par, retire firsts of 1883. (V. 59,p. 880.)
$1,000,000 reserved to
Manistee to Milwaukee, etc., forming part of a short line from St. Paul
P h ila d e lp h ia G erm a n tow n Sc N orristow n B B . —Phila.,
to tidewater, opened Jan., 1897, and four steamers valued at $443,564.
Pa., to Norristown and Germantown, Pa., 20*2 miles; second track,
Or g an ization .—Incorporated Nov. 1, 1899, as a consolidation of 20 miles; total track, 99 m.; Plymouth RR., 9 miles. Leased November
Chicago A West Michigan Ry., Detroit Grand Rapids & Western RR. 10,1870, to Philadelphia & Reading Railroad for 999 years at a rental
and Fnut < Pere Marquette RR., per plan in V. 68, p. 1024,1181. The of $269,623 and $8,000 yearly for organization expenses. Dividends
fe
Saginaw Tut cola & Huron RR., Saginaw to Bad Axe, Mich, 67 miles, are 3 per cent quarterly (12 per annum), but in Maroh and September,
is leased for 899 years from Feb. 1, i960, and its bonds guaranteed.— 1893, only 2*2 p. o. each was paid on aooount of certain losses. Lease
V. 70, p. 895.
assumed In 1896 by Phila. & Reading Railway.
STOCK.—Authorized $16,000,000 common and $12,000,000 4 p. c.
P h ila d e lp h ia H arrisb u rg Sc P
B B . —Owns from
non-oum. pref.; consent of a majority of each is necessary to increase. Harrisburg, Pa., to Shippensburg, on the ittsb u rg Maryland Railroad,
Western
B onds.—In 1900 a 4 p. c. consol, mort. authorized, but no consols 47 miles; sidings and laterals 12 miles. Leased October 15, 1890
issuea.
for 999 years at 5 p. c. on stock, interest on bonds, taxes and
expenses to the Philadelphia & Reading B B ., which by endorsement
L ate st E arn in g s .—For 4 months ending A pril 30:
on each guaranteed the bonds, principal and interest. Lease assumed
± months*Gross.
Net.
Charges.
B alance.
19C0................$2,527,582
$556,673
$436,561
$120,112 in 1896 by Philadelphia & Reading Railway. Stook, $2,000,000 (par,
1899................ 2,253,764
458,841
430,950
27,891 $50),owned by Reading Co., of which $1,995,000, along with $1,472,000
of the bonds also owned by the Reading Company are deposited under
E arnings .—The combined earnings of the three properties were :
its general mortgage of 1897. Mortgage is for $2,000,000.
Y ear en d in g Dec. 31—
1899.
1898.
1897.
P h ila d e lp h ia N ew to w n Sc N ew Y o r k B B . —R o ad —Phila
$6,5* 5,247
Total gross earnings........... $7,202,373
$5,757,460 delphia to Newtown, Pa., 21 miles; branch 1 mile. Capital stockNet earnings over taxes...... >
9 kK 11,587,456
11,421,050 common, $1,225,000; preferred, $400,000; par, $50. Of the bonds,
Other income........................ ) 1»
b24>
258
1 ,625
7,876 $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.
$1,60 ,081 $1,428,926 In October, 1898, interest on $507,000 bonds was reduoed to 3 per
Total net incom e............... $1,624,255
Charges..................................... 1,275,343
$1,308,674 $1,292,380 cent, from April 1, 1897, and made a first charge, that on remainder
Balance, surplus, for year.......
348,912
$296,397
$136,546 of issue being left at 5 per cent subject to said agreement.—V. 68, p.
Officers .—Chairman of Board, W. W.Crapo; President, Charles M. 773. Current liabilities June 30,1899, $272,353.
P eoria Sc Eastern B y .—( See M ap Olev. Gin. Chic, dk St. L ou is .)—
Owns from Pekin, HI., to Indianapolis, Ind., 202 miles, and has a lien
of $5,000,000 on Springfield Division, Indianapolis to Springfield,
Ohio, 141 miles; trackage, Pekin to Peoria, 9; total operated, 352 miles.
L e ase , E tc .—Formerly Ohio Indiana & Western, sold in foreclosure
In 1890, reorganized per Y. 49, p. 616, and leased till Apr. 1,1940, 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 Supplem ent of Jan.,
1894, as to provisions respecting any surplus over charges.
B onds .—See abstracts of mortgages of 1890 in V. 51, p. 246 and
of O. Ind. & Western mortgage, V. 47, p. 201.
E aknings .—11 months, ) 1899-00...Gross, $2,155,228; net, $743,123
July 1 to May 31.
51898-99...Gross, 1,728,528; net, 418,444
Surp.over 11 mos.’ charges,$336,248 in 1899-0, agst. $13,874 in ’98-9.
A n n ual R epo k t .—For 1898-99 see lessee’s report V. 69, p, 603.
Year end. J une 30. Gross.
Net.
Interest, etc.
Balance.
1898-9.....’. .......... $1,903,217
$453,839
$441,370 sur.$12,469
1897-8................... 1,883,107
456,782
441,620 sur. 15,162
—V. 61, p‘. j 67 ,'} 6S; V. 63, p. 5 5 6 ; V. 67, p. 425,530; V, 69, p. 492.
Ju l y , ¡900. J
RAILROAD STOCKS AN D
BONDS
lift
116
INVESTORS’
SUPPLEMENT.
[VOL. L X X .
|
RAILROAD
J u l y , 190I.J
STOCKS
AND
BONDS.
117
Subscribers w ill con fer a great fa v o r by g iv in g Im m ed iate n otice o f a n y error discovered In these T a b les.
Bonds—Princi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or Amount
pal,When Due.
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, «fee., see notes of
Road. Bonds Value.
Cent. Payable
whom.
on first page of tables.
Dividend.
P h ila d e lp h ia & B e a d in g B y .—See R e a d in g 0 OMFA NY.
27
Phila. A Trenton —Stock 10 p. o. rental, Penn R R ..
....
Philadelphia Wilmington A Baltimore —Stock.........
Plain bonds,s. fund$20,000 yearly, not draw n..r ....
Plain bonds...........................................................r ....
Plain bonds...........................................................r ....
Plain bonds, gold..................................................r ....
Plain bonds, gold................................................. r . ...
Piedm ont < Cum berland —Stock, 5 per cent rental. ....
&
29
1st mortgage, gold, interest rental....................o*
75
Pine Oreefc—1st M.. guar. prtn. and interest (end.)r
Pittsburg Bessemer A L . B . —Com., $10,000,000.... —
Pref. stock, 6 per cent cum., $2,000,000.— ......
Pittsb. Shen. & Lake Erie, 1st mort., gold...... o* Ï3 4
Consol. 1st mortgage, for $4,800,000, gold..o* 151
Pittsb. B. <sL. E., consol. M., $10,000,000, g..o* 193
S
Debentures, gold, $2,000,000. See text.U JP l... 193
Bessemer eq.~trust, $75,000, g., ea. July 1.U P 1. ....
Conneaut eauip. trust, part due yearly, g .--F P 1 . ...
Pittsburg Chartiers A Yough'y —Stock, $1,000,000..
"ïé
1st mortgage.........................................................
16»
Gen. M. $1,000.000. gold, gu. p.«fci. (end.) See text.
Pittsbura Cincinnati Chicago A St. Louis —Pref. st’k 1,090
f Col. &Ind. Cent. IstM . (Colum. tolnd. < br.).o* , 208
fe
■ Col. < Indianapolis Central 2d mortgage...... o* / 208
1
fe
93
1Union < Logansp’tls tM .(U ’nCitytoLogans.)o*
&
Chio. St. L. < Pitts, cons. M. ($22,000,000) g.. .c&r 580
fe
Jeft’nville, Mad. < In. 1st M. (s. f. drawn at 110).o 222
&
2d mort.'. Jeffersonv.. Ky., to Indianap. <sbr’h.c 222
S
1 Steub. < Ind.. 1st mortgage, extended in 1884.r 116
fe
i P. C. & St.L., con. M.(V.70,p.946); V. 71, p. 135 216
1880
1887
1887
1891
1892
....
1886
1885
....
189Ò
1893
1897
1899
1897
1898
1882
1892
....
1864
1864
1865
1883
1866
1870
1864
1868
10
Q.—J. Phila., Company’sOffioe July,’00, 21
$100 See text.
s%
50 $11,819,350 7 in 1900 J. & J. Phila., Broad St. Stat’n. July 2, ’00, 3%
J. < D. Phil.Of.;Bost.,Kid.Peab June 1, 1910
&
5
1,000,000
1,000
do
do
4
A. & O.
1,000,000
Apr. 1, 1917
1,000
4
M. < N. Phila., Broad St. Stat’n Nov. 1, 1922
fe
1,000
1,000,000
do
do
fe
l,00tf
Jan. 1, 1926
930,000
4 g. J. < J.
do
do
S
Oct. 1, 1932
1,000
1,000,000
4 g. A. «s O.
5
F. < A. Check from Co.’s office. Aug. 1, ’00, 2H
fe
j
50
650,000
F. «s A. Baltim.,Hambleton<feCo Aug. 1, 1911
S
1,000
650,000
5 g6
J. «s D. N. Y. Gd. Cent. Station. Deo. 1, 1932
S
1,000
3,500,000
50 10,000,000
J. «s D. Check from Co.’s office. Dec. 1,’99, 3%
S
2,000,000
S
1,000
3,000,000
5 g. A. «s O. N. Y. Central Trust Co, Oct. 1, 1940
do
do
S
July 1, 1943
1,000
800,000
5 g. J. «s J.
S
1,000
6,200,000
5 g. J. «s J. N. Y ., U. 8. Trust Co. Jan. 1, 1947
S
1,000
1,500,000
5 g. J. «s D. Un. Trust Co., Pittsb’g. June 1, 1919
6
J. «s J. Un. Trust Co., Pittsb’g. J’ly 1,1901-06
S
1,000
450,000
6
M. «s S. Fid. Tit. < Tr., Pittsb’g. 1901 to 1908
S
fc
1,000
450.000
Pittsburg, Office.
50
700.000 4Feb.’00
Feb 15,’00,4%
F. «s A.
S
6
do
do
Feb. 1, 1902
500 « e
fe .
303,000
S
do
do
Apr. 1. 1932
1,000
316,000
4 g. A. «s O.
fc
100 22,689,959 4 in 1900 J. « J. N.Y.,Farmers’ L’n«feTr. Jufyl6,’00,2%
7
J. «s J. N. Y., Union Trust Co. Nov., 1904
S
2,631,000
1,000
M. «s N.
S
do
do
7
Nov., 1904
1,000
767,000
A. «s O.
S
do
do
7
Dec., 1905
1,000
715,000
do
do
A. «s O.
S
Oct. 1, 1932
1,000
1,506,000
5 g.
A. « O. N.Y. »Farmers’ L’n «sTr. Oct. 1, 1906
fe
S
7
1,000 a l,416,000
do
do
J. «s J.
S
July 1, 1910
1,000
1,995,000
7
5
J. «s J. N. Y .t Nat’l City Bank. Jan. 1, 1914
S
1,000
3,000,000
F. «s A. Phila., Broad St.Station Aug. 1, 1900
S
7
1,000
3,458,000
a Sinking fund Dec. 31, 1899, held $1,527,000 additi onal, a nd $47. 000 drawn f or sinkin g fund, but not presented for r edemption.
P h ila d e lp h ia & R e a d in g R R .—See R e a d in g C o m pa n y .
P h lla . R ea d in g & N ew E n g .—See Central New England Ry.
P h ila d e lp h ia &. T ren ton R R .—Phila. (Kensington), Fa., to
Morrisville, Pa., 24 miles, mostly four-tracked, and branch 3 miles. On
Dec. 1,1871, leased, with the United Cos. of N. J., for 999 years to the
Penn. RR. at 10 p. c. on $494,100 stock, the total issue being $1,259,100, the balance being owned by the United RR. of N. J.
P h ila d elp h ia
W ilm in g t o n & B altim ore R R .—(See Hap
P enn. RR.) —Operates from Philadelphia to Washington, D. 0., and from
Wilmington, Del., to Delmar, Del., with branohes as follows:
L in es owned—
Miles. Delaware RR.T!.........................224
Philadelphia to Baltimore...... 95 Delaware Md. & Va.1T.............. 98
Baltimore < Potomac D........... 93
fe
(all double track.!
Branches to Delaware City, etc. 23 Other lines (5).......................... 56
L in es controlled, leased, etc .—
Total (!! see this company)...669
Philadelphia & Balt. Central!!- 80
Or g a n iz a tio n .—Penn. RR. owns $10,890,950 stock (mostly pur
chased in 1881), and controls the operation. The P. W. < B. owns
fe
stock in the Delaware RR., Columbia & Port Deposit, Junction RR.,
South Chester < Un. RR. of Baltimore, etc. In Feb., 1899, leased
&
Junction RR. of Phila. for 99 years. Y. 68, p. 428.
D iv id e n d s . 5 1868-87 ’88 ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 to ’99.1900.
Percent. <8yearly. 7 7 6 6 7 7 ^ 7 0 ^
7
7
In 1899, Jan., 4 p. c.; July. 3 p. c.; in 1900, Jan., 4 p. c.; July, 3 p. c.
B onds.—All to be seoured by any future mortgage; see page 4, Sup .
of A pril. 1895. Mortgages and ground rents 1899, $163,765. The
$800.000 six per cent bonds, due Apr. 1,1900, were retired from the
proceeds of the sinking fund.—V. 70, p. 687.
E arnings—7 mos.,) 1899-0........ Gross, $6,332,156; net, $1,818,524
Nov. 1 to May 31. S 1898-9___ Gross, 5,714,356; net, 1,592,724
A nnual R eport .—Year ends October 31. Report for 1398-99 was
in V. 71, p. 26, showing: Gross, $10,392,807; net, $3,153,650;
other income, $460,877; interest, taxes, rentals, etc., $2,053,749; divi
dends, $827,354; extraordinary expenditure fund, $500,000; bal., sur
plus for year, $233,424. In 1897-98, gross, $9,601,563; net, $2,480,671; other income, $431,128.—V. 70, p. 74, 687; Y. 71, p. 26.)
P ied m on t &. C um berland R y .—Road from W.V. C. Junction, W.
Va., to Cumberland, Md., 29 m. Under the new lease of ’99 the W. Va.
Ce. & Pitts Ry. receives all revenues and pays all expenses, 5 p. c. int. on
bonds and 5 p. o. on stock. V. 69, p. 590, 592. Penn. RR. Co. on Dec.
31, 1898, owned $200,000 of the $650,000 stock—par $50—and also
$100,000 bonds. First div., 5 p. c., paid in Maich, 1894; in 1895,
March, 6 p. o.; in 1896, Feb., 6 p. c.; in 1897, Mar., 5 p. c.; in 1898,4
p. c.; in 1899, April, 2 p. o.; Sept., 2 p. o. Dividends under new lease
of 1899 are 5 per cent yearly, payable F-A. V. 69, p. 492.
Pine Creeli R y .—Owns Stokesdale Junction, on the Fall Brook
Road, to Newberry Junction, Pa., 75 miles. Organization .—N. Y.
Central controls the capital stock and leases the road for 999 years,
from May 1,1899, for $35,000 yearly, payable quarterly, Q.-F., bond
interest and taxes.—V. 68, p. 379,573, 773, 872. The 1st mortgage is
guaranteed by the Reading and the New York Central, jointly and
severally. See form of guaranty, Y. 56, p. 650. Stock, $1,000,000
(par, $50); Ju lyl, 1899, N.Y. Central owned $999,000.—V. 68, p. 573.
P ittsb u rg B essem er & L a k e Erie R R .—('» 'e M ap.) —Owns
Se
line completed in August, 1897, from Bessemer, near Pittsburg,
Pa., to Conneaut Harbor on Lake Erie, and Wallace Junction, Pa., 162
miles; terminal in Erie, eto., Pa., 2 miles; branches, 27 miles; leases
Meadville Conneaut Lake < Linesville RR., Linesville to Meadville, 23
&
miles; trackage, N. Y. Chic. < St. L., to Erie, 13 miles; total, 227 miles.
fe
Organization , E tc.—A consolidation Jan. 14,1897, of the Pittsburg
Shenango & Lake Erie and the Butler & Pittsburg. Carries iron ore
south and coal north, its contracts with the Carnegie Steel Works and
others, it is said, insuring it a tonnage of 4,000,000 tons annually.
Rails 100 pounds, maximum grades 30 feet. See further particulars
V. 63, p. 1159; V. 65, p. 152. More than one-half of the stock is owned
by the new Carnegie Steel Co. organized in 1900.—Y. 70, p. 687.
Controls boat line for coal transfer, etc., between Conneaut and
Port Dover, Can., 68 miles, and Conneaut & Port Stanley, Can., 58
miles. See V. 60, p. 872, V. 61, p. 241,795.
Stock .—Common stock is $10,000,000; par$50. As to pref., see below^
D ividends .—On pref., 3 p. c. paid Deo. 1,1899. V. 69, p. 1104.
B onds.—The old first mortgage of $3,000,000 covers the line from
Butler to Wallace Junction, 106 miles, and branches 28 miles. Deb
entures of 1899 may be called after June 1, 1909, upon company pay
ing Hi per cent for each year of unexpired term.
The P. B. & L. E. mortgage of 1897 is for $10,000,000 (trustee United
States Trust Co., N. Y .), covering all the railroad, property, rights and
franchises of the consolidated company, including the agreement with
the Carnegie Steel Co., Limited, and the Union RR. Co. Of the new
bonds $4,800,000 reserved to retire Pittsburg Shenango & Lake Erie
bonds. Car trusts Sept. 30,1898, $1,243,674.
G eneral F inances.—May 5,1899, authorized an issue of $2,000,000
6 p. o. cum. preferred stock and $2,000,000 5 p. c. debentures, of which
$ 1 ,5 0 0 ,0 0 0 , together with the stock, were sold.—V.68,p. 525.928,1133.
E arnings .—Jan. 1 to June 30, 1900, 6 months, gross, $957,427,
agst. $626,998. Jan. 1 to Dec. 31,1899 (12 mos.), gross. $1,807,917;
in 1898, $1,311,861; in ’97, $643,993. Year to June 30,1899, gross
$1,437-552; net, $401,891; other income, $2,261; total deductions»
$761,284;bal„ def., $357,132. Chairman of the Board, Col. S. B. Dick»
Meadville, Pa. (V. 69, p. 1104; V. 70, p. 687.)
P itts b u rg C h a rtle rs Jk IT o u g h lo g h en y R y ,—Owns from Chartiers to Beecnmont, 16 m .; trackage (Chartlers Ry.), 1 m .; 17 miles in
all. Stock authorized, $1,000,000; par, $50; outstanding, $700,000,
owned lointly by guarantors mentioned below. D iv id e n d s —I n 1895,
4 p. o.; in 1896,11 p. o.; in 1897, none; in 1898, 7 p. o.; in 1899, Feb., 1
p. c.; in 1900, Feb., 4 p. o. Of the 4s issued, or to be issued, one-half
are to be endorsed with the guaranty of the Pitts. Cin. Chicago & St.
Louis, the other half with the guaranty of the Pittsburg < Lake Erie.
&
See guaranty, Y. 56. p. 650. In year ending Deo. 31, 1899, gross,
$187,928; net, $92,803. In 1898 gross, $181,868 ; net $86,953.
P ittsb u rg C in cin n ati Chicago & St. L o u is R y .—(See Map.)—
The system, clearly seen on adjoining map, includes:
Lines owned.
Miles.
L i'ies leased—Con.—
Miles.
Pittsburg,Pa., to Chicago,111. 504 Cincinnati Street Con. R y ...
3
28
Rendoomb Jo. to Anoka Jo... 166 Pitts. Wheeling & K y...........
2
Bradford Jo. to Indianapolis. 104 Eng. Connecting Ry. in Chic.
5
Indianapolis to Jeffersonville 108 Other lines.............................
Branohes.............................. 208
Operated u n d er their own
organization —
Total owned....................... 1,090 Pittsburg Chartiers < Youghfe
iogheny Ry.........................
18
Trackage —
Indianapolis to Kokomo................ 55Cinoin. < Musk. Val. RR...... 149
fe
Louisville Bridge, eto............
5 Waynesburg < Wash. RR__
fe
28
L in es leas' t((U8ee these oo’s.) Miles.
ÜChartlers.............................
23
tfLittle Miami....................... 192
Total of all Jan. 1,1900...1,596
!n Mar., 1900, extension of New Cumberland branch from Kenil
worth to Chester, W. V a ., was under construction.—V. 70, p. 638.
Organ ization , «fee.—Formed in 1890 by consolidation (per terms in V.
50, p. 875) of Chicago St. Louis & Pittsburg, Jeffersonville Madison &
Indianapolis, Cincinnati < Richmond and Pittsburg Cin. «s St. L. Con
fc
S
trolled by Pennsylvania Co. and Pa. RR. Co. through ownership of stock.
Capital Stock .—The stock authorized is: Common, $45,000,000»
preferred, $30,000,000; par, $100. Outstanding Apr. 30,1900, common,
$24,619,586; preferred, $22,689,959. Stock listed to June, 1900,
common, $25.539,300; preferred, $24,000,000. Suit V. 68, p. 381; V.
69, p. 1248; V .70, p, 126.
The preferred stock is “ non-cumulative and entitled to a dividend
of 4 per cent per annum out of the net earnings as declared by the
Board, with the right after 3 per cent has been declared on the
common to an additional 1 per cent, making 5 per cent in alL”
Alter 5 per cent on both common and preferred, the two share pro rata.
D ividends .— ) 1891. 1892-93. ’94. ’95. ’96. ’97-’98. ’99. 1900.
On pref. p. o.— 5 3
4 yearly. 2
0
2
0
3
4
Stock of Old Co m p l ie s unexchanged A pril 30,1900: Pittsb. Cin<s St. L. common, $28,750, Chic. St. Louis < Pittsb., common, $449,S
fc
717, and preferred, $6,053; Steubenville < Indiana, common, $85,095,
&
and preferred, $5,000; Jeff. M. & I. $5,000.
B onds.—The consolidated mortgage for $75,000,000 (Farmers’ Loan
< Trust Co. of N.Y. and W. N. Jackson, trustees,) covers the entire prop
fe
erty. Sufficient consols are reserved for the purpose of retiring all sec
tional bonds at maturity, at which time they must be paid off. The
remainder are issuable for improvements, additions eto. They are
guaranteed unconditionally as to principal and interest by the Penn
sylvania Company, in accordance with the vote of its Board of Direct
ors, and are so endorsed. The five series are all equally secured. See
adv. Chronicle May 21,1892, and guaranty, V. 56, p. 604.
G eneral F inances.—In 1899 arranged for the issue and sale of
consol. 3H to refund maturing bonas, including $6,863,000 Pitts.
js
Cin. < St. Louis 1st consol, 7s, due Aug. 1,1900. When the refunding
fc
is complete, the 3Hjs issued w ill be $9,578,000.—V. 70, p. 430, 946.
L atest E arnings .—For 5 months ending May 31:
5 months —
Gross.
Net.
Charges.
Balance.
1900................... $7,354,727
$1,823,605
$1,456,517
$367,088
1899................... 6,658,871
1,589,045
1,336,668
252,377
A n n ual R e p o r t .—Report for 1899 in fu ll in V. 70, p. 630, 637.
Year ending Dec. 31.
1899.
1898.
1897.
Miles operated (system proper)
1,151
1,151
1,151
Gross earnings........................... $18,104,426 $16,236,979 $15,144,484
Net earnings...................
$5,043,190
$4,644,089 $4,859,589
Miscellaneous..........................
x77,996
46,702
25,171
Total net earnings.. $5,121,186
$4,690,791 $4,884,760
Interest on bonds....... 2,417,666
2,487,520
2,503,252
Rentals|paid.................
133,132
119,854
119,811
Car trusts (including interest).
88,582
32,816
34,052
St. L. V. & T. H. b7 of loss...........................
13,451
117,271
Miscellaneous..............
*770,725
*871,144
*793,404
Dividends on preferred...... (31
e%)793,998 ( l 1
s%)340243
$917,083
Balance, surplus.
$825,763 $1,316,969
* Includes expenses in elevating tracks at Chicago, etc. x Includes
profit in operating L ittle Miami RR. and St. L V. & T. H. RR.
—V.69. p. 1248; V. 70, p. 126,176, 430, 630, 637, 946; V. 71, p. 135.
118
INVESTORS’
SUPPLEMENT.
[V ol.
l x x i.
\
J u l y , 1900. |
RAILROAD
STOCKS
AJSD
BONDS.
119
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal,When Due.
Amount
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, &c., see notes of
Road. Bonds Value.
Whom.
Cent. Payable
on first page of tables.
Dividend.
118Ó0 $1,000 $10,000,000
1“ B,” g.c*
11892 1,000
8,786,000
1,379,000
Con. M .. $75,000,000, gold, guar. p.&i.-i “ C,” g.c* 1,090 1-1892 1,000
11895 1,000
4,983,000
(end.) by Pennsylvania Company... I “ D,” g.c*
( “ E,” g.o*
J 1899 1,000
6,120,000
2,400,000
77 1882 1,000
Pitlsb. Cleve. A Toledo—1st M., gold, int. guar. B.&O..
....
PUtsb.Ft. Wayne A 0.— Gen. stk., 7 p. o. guar. Pa. RR. 470
100 19,714,286
Guaranteed special imp. stock, 7 p. c. guar. t>y end 470 1871
100 20,231,250
1st mortgage, seriesAft) F ) Sink, fund, cumula- ^ 468 1862 500 &o. 5,250,000
2d
do
seriesGto M $ tive, not drawn.c* J 468 1862 500 &c. 5,160,000
3d mortgage.............................. -.......................... 468 1862 500 &o. 2,000,000
. ... . ...
50
1,460,000
Pittsburg Junction —Stock, common..................... .
50
Preferred ($480,000), 7 per cent, cumulative......
480,000
Bonds—see Baltimore & Ohio statement.
50
4.000.
Pittsburg A L ake Erie —Stock.............................. —
71 1878 1,000
2.000.
1st mortgage, gold...............................................o
71 1889 1,000
2,000,000
2d mortgage, gold, Series A. & B........................ c
....
1884
50
Pittsburg McK. A lau gh.—Stock guar., see text......
3,959,650
57 1882 1,000
2,250,000
1st mortgage, guar, by P. & L. E. and L. S. & M. S.c
57 1884 1,000
2dM.,gu.p.&i. (end.)byP.&L. E.andL.S.&M . S.c
900,000
28 1888 1,000
McKeesport & Belle Vernon, 1st M., gold, assumed
600,000
15 1890 1,000
290,000
Pitts. Ohio Val. A Oin.—1st M. gold, s. f. not dm.o*
63 1886 1,000
Piitsb. Painesville A Fairport—1st M., gold, int. gu.c*
1,000,000
Terminal mort.. interest guar, by Pittsb. & West. . . . . 1889 1,000
250,000
Piitsb. Shawmut A N o—1st M.. g., $12,000,000..o* . . . . 1899
1,000
6,000,000
Pittsburg Shenango A L. E .—See P ittsbur g B esse MER & L a k e E r ie .
77
50
Pittsburg V irginia A Charleston —
Stook ($6,000,000)
3,772,300
77 1895 1,000
3,431,000
Cons. M., gy s. f., not dr’n, series A ,..........G P c*
1,527,’-00
Pittsburg A western —Rec’rs ctfs. July 1,189.-».......
219,000
1st m., ext. in gold, Pittsburg Newcastle & L. E.. ‘ 30 1878 100 &c.
P ittsburg Oin. Chic. & St. L .—(C o n .)—
( “ A,” g.c*
P ittsb u rg C leveland Sc T oled o R R .—From Newcastle Junction,
Pa., to Akron, O., 77 mlle8. Stock, $3,000,000 (par $50), of which Balt.
& Ohio RR. owns $1,505,000. Leased in July, 1884, for 99 years to
Pittsburg & Western. V. 39, p. 607. Description of mortgage, etc.
p. 7 Supplement of April, 1896.) First consol, mortgage 4^8 of 1895
for $1,600,000 in treasury June 30,1899; bills payable outstanding,
$600,400; judgments due B. & o. and P. & W., $180,735; due others,
$11,407. In November, 1898, loaned $500,000 to Pitts. & West.—(V.
67, p. 1111.) In Mar.. 1900, the B. & O. agreed to purchase, on or
before Feb. 1,1903, the $2,400,000 P. C. & T. 1st 6s (or not less than
70 per cent thereof» at 125 per cent and interest with the option by
the bondholders to exchange for new securities under any plan
approved by B. & O. prior to that date.— 70, p. 6 2.
Y.
E arnings .—Year 1898-99, gross, $1,039,848; net,$313,457; interest*
taxes, etc., $390,344; balance, deficit, $76,887. In 1897-98, gross*
1,048,302; net, $337,615; in 1900, Jan. lto June 30, gross (6 months)*
$622,144; in 1899, $477,190. (V. 69, p. 591,1248; Y. 70, p. 633.)
P ittsb u rg Sc P a stern R R .—In October, 1897, completed and
opened from Mehaffey, Pa., on Beech Creek RR., to Fuller Run, 11
miles. The road is projected to enter Pittsburg over the Pittsburg
McKeesport & Youghiogheny RR. In Dec., 1899, acquired by N. Y.
Cent. & Hud. Riv. RR. (V. 61, p. 153; V. 70, p. 633.)
P ittsb u rg F o rt W a y n e Sc C hicago R y .—(See M ap P enn. R R .)—
R oad .—Owns from Pittsburg, Pa., to Chicago, 111., and or., 470 miles.
Double track, 271 miles, of whioh part was built in 1893. In July, 1900,
66 miles of additional second track, it was reported, was to be com
pleted.
Lease , &c.—Foreclosed Oct. 24, 1861, and reorganized. From July
1, 1869, leased in perpetuity to the Penn. RR.; rental pays in
terest, sinking fund of debt and 7 per cent on stock. The lessee keeps
road in repair and pays taxes and expenses.
Capital Stock .—The special improvement stock is issued to Penn
sylvania RR. for improvements, &c., under article 16 of lease, which
rovides that the lessor may issue special bonds or stock. See Y. 50, p.
P and wording of endorsement in V. 56, p. 774. The special stock
39,
is in all respects subject to the general or prior stock and “to the
rights of holders of said general or prior stock to have distributed to
them in quarterly instalments an annual dividend fund of $1,380,000
free of all taxes.” This special stock is issued from time to time for
betterments; in 1897, $283,691; in 1898, $335,300; in 1899, $824,907.
B onds .—The first mortgage is in series of $875,000 each and second
mortgage of $860,000. Of the above 1st mortgage bonds, $3,499,582
and of the second mortgage $3,815,482, and $2,780,858 cash, were held
in the sinking funds Jan. 1,1899.
R eport .—Report for 1898 in V. 69, p. 127, showing loss to lessee,
$409,584 ; loss in ’97, $229,911 ; loss in ’ 96, $587,097.—V. 69, p. 1346.
P ittsb u rg .Function R R .—See V. 67, p. 688, 788, 954, 1056. In
Jan., 1900, the new securities under the B. & O. plan were being deliv
ered. V. 70, p. 77. B. & O. is in control—
see V. 69, p. 1063.
Report for 1898-99 was in V. 69, p. 1192.—(V. 70, p. 77.
P ittsb u rg Sc L ake Erie R R .—Owns from Pittsburg, Pa., to
Youngstown, O., 68 miles; branch lines to Newcastle, Pa., 3 miles; total
owned, 71 miles (of which 67 double track); leases Pitts. McKeesport &
Yough. (which see), 103 miles; Mahoning State Line RR., 3 miles, and
Beaver < Ellwood RR., 3 miles; total operated, 1»0 miles. Owns
fe
$139,850 stock of Pitts. Chartiers & Yough. P. & L. E. is operated in
Interest of L. S. & Mich. So., which owns $2,675,696 of stock. Real
estate mort. Deo. 31,1899, $162,500.
D iv id e n d s .— $ 1884-1891.
1892.
1893 to 1899.
1900
Per cent. I 6 y’rly.
8
10 yearly.
Feb., 5
A n n ual R e p o r t .—For year ending Deo. 31,1899, gross, $5,875,271;
net, $1,585,142; other income, $17,782; interest, $220,000; rental,
$472,072; other, $9,504; dividend (10 p. o.), $400,000; bal., surplus,
$501,248. In 1898, gross, $5,071,376.—(V. 70, p. 839.)
P ittsb u rg M cK eesport & Y o u gh iog h en y R R .—Owns from
Pitts, to N. Haven, Pa., 57 m.; McKeesport to Fayette City, Pa., 31 m.;
branches, 13 m.; leases 2 m.; total, 103 m., of which 31m. double track.
L ease .—Leased to Pittsburg & Lake Erie RR. for 999 years. Rental
is 6 per cent on the stock, principal and interest of the Pittsburg McK.
& Yough. bonds being guaranteed by Pittsburg & Lake Erie and Lake
Shore & Michigan Southern companies, the guaranties being endorsed on
the share certificates and bonds. The guaranty of the stock is on the
Bxpress condition that the holder shall accept par for the same on July
1, 1934. See wording of guaranty in V. 56, p. 774. Stook authorized,
$4,000.000; first mtge. bonds authorized, $2,250,000; 2d mtge. bonds
authorized, $1,750,000. Profit to lessee in 1899, $1,257, of whioh
one-half wae payable to the Lake Shore & Michigan Southern.
P ittsb u rg Ohio V a lley Sc C in cin n a ti R R . —Owns road Bell
aire, O., to Powhatan, O., 15 miles. Operated for cost by Pennsylvania
Company in connection with Cleveland & Pittsburg since Deo. 1,1892.
Stock, authorized, $1,500,000; outstanding, $300,000; par, $50. Trus
tee of mortgage (for $1,500,000), Fidelity Ins., eto., Co. of Phila. Year
ending Deo. 31, 1899, gross, $4,930; def. under oper. exp., $14,297.
P ittsb u rg P a in esville Sc F a irp o rt R R .—Owns Fairport, O.
to Youngstown, etc., O., 53 miles. Operated at cost by Pittsburg & West
em, but interest on bonds is guaranteed. In July, 1899, a protective
committee, C. J. Lawrence, Chairman, asked deposit ol bonds with
Mercantile Trust Co. A large majority has been deposited. V. 69, p.
230, 542. Common stook, $800,000; preferred, $250,000 (par, $100) of
41 g. A. & O. N.Y.,Farmers’ L’n & Tr. Oct. 1, 1940
«
do
do
4*2 g. A. & O.
Apr. 1, 1942
4*2 g. M. & N.
do
do
Nov. 1, 1942
do
do
Nov. 1, 1945
4 g. M. & N.
do
do
312 g. F. & A.
Feb. 1, 1949
6 g. A. & O. N. Y ., Cent. Trust Co. Oct. 1. 1922
7
Q.—J. N. Y., Winslow, L. & Co. July 3, ’00,1 %
do
do
7
July 2, ’00 ,1^
Q.—J.
Various
do
do
7
July 1, 1912
Various
do
do
July 1, 1912
7
A. & O.
do
do
July 1, 1912
7
4 in 1899 M. A S.
Sept. 1,’99,2%
October
Sept., ’99, 7%
7
10
000in *99 F.
000 6 g. J.
5 g. A.
J.
6
6
J.
J.
6
6 g. J.
5 g. A.
5 g. J.
J.
5
5 g. F.
& A. Pittsburg, Co.’s Office, Feb. 1,’00, 5%
do
do
Jan. 1, 1928
& O. N. Y„ Security & Tr. Co. Jan. 1, 1928
& J. N. Y ., Union Trust Co. July, 1900,3%
do
do
July 1, 1932
& J.
& J.
do
do
July 1, 1934
& J. Pittsb’g, Fidelity Tr.Co. July 1, 1918
& O. Phila., Broad St. Sta Oct. 1, 1920
& J. N. Y ., Mercantile Tr. Co. July 1, 1916
do
do
July, 1916
& J.
& A. N. Y ., Marquand & Co. Feb. 1, 1949
& J.
6 in 189e
»M. & N Philadelphia Office. May l , ’00,3i2
do
do
Apr. 1, 1925
412 g. A. & O.
5& 6
4 g. J. & D. Allegheny,Pa.,1stN.Bk. June 1, 1918
which in 1892 the Pittsburg & Western purchased all the common and
$160,000 preferred.
E arnings — 11 months, ) 1899-0...........Gross, $385,864; net, $77,597
July 1 to May 31. J 1898-0......... Gross, 357,938; net, 89,785
For year ending June 30,1899, gross, $402,123; net, $107,098; int.,
taxes, etc., $145,559; balance, deficit, $38,461. In 1897-98, gross,
$397,219; net, $124,435.—V. 69, p. 230, 542.
P ittsb u rg S h a w m u t Sc N orth ern R R . —(See M ap.) —R o ad —
To be, when completed, a short route from the bituminous coal fields
in Elk and Jefferson counties, Pa., northerly to Macedon on the N. Y.
Central & Hudson River RR., thus reaching the New England and
Lake markets. Total line, including branches, to aggregate 350 miles.
Of the first division, Wayland to Shawmut, Pa.. [228 miles] 145 miles
were in operation in October, 1899. The remaining 83 miles w ill be
completed during the coming year. Line includes parts of trackage
on W. N. Y. & Pa., between Clermont and White House, about 25 m.
O r g an ization .—A consolidation in 1899 with proposed extensions
of the Central New York & Western and Buffalo St. M ary’s & South
western RR., with contiguous lines in Western Pennsylvania and New
York. The road is operated in connection with 9,814 acres of coal
lands in Elk County, Pa., controlled in the same interest, having an
annual capacity of 1,000,000 gross tons. The company also proposes
to acquire control of additional coal lands in Jefferson County, Pa.,
having an estimated capacity of 1,000,000 tons.—V. 69, p. 284, 386.
W ill carry (in addition to bituminous coal) lumber, bark and other
forest products, there being a large amount of uncut timber tributary
to the road. Several glass factories are located upon the line.
Sto c k and B onds .—Stock, all common, authorized, $12,000,000;
issued, $5,570,000; par $100. Of the bonds (Colonial Trust Co., N. Y .,
trustee) subject to call at 110 after 1909, $6,000,000 were authorized to
purchase the properties consolidated, and for extensions and branches
under construction, 228 miles; they are further secured by first
mortgage upon the 9,814 acres of coal lands owned by Shawmut
Mining Co., whose stock is owned by the Railroad Co., and has been
deposited with the trustee under the mortgage. Of the remaining
$6,000,000 bonds $4,000,000 are reserved to extend the line on the
south horn the shawmut coal mines to Cool Spring, Jefferson County,
with branohes in the coal fields of Jefferson, Armstrong and Clearfield
counties, and od the north from Wayland to Macedon, w ith branches,
and the balance $2,<'00,000 are reserved for future requirements.
No bonds in excess of $6,000,000 are to be issued until all the stock
of the company or companies controlling the coal lands in Jefferson
County have been deposited under the mortgage.
E arnings .—On the completed portion, 145 miles, the net earnings
from Aug. 1 to Jan. 31,1900, six months, were $146,085. Interest
charge for the same period on the $4,000,000 bonds issued, $100,000.
Of f ic e r s .—President, John Byrne; VIoe-President, Henry Marquand; Vice-President and General Counsel, Frank S. Smith; Treas
urer, Harry M. Gough; Secretary, Lewis F. Wilson. Office, 160 Broad
way.—V. 69, p. 284, 386, 592, 1301; V. 70, p. 1095.
P itts. Shenango & L a k e E r ie .—Se e P it ts . B essem er & L. E r i e .
P ittsb u rg V irg in ia Sc C h arleston R y .—From South Pittsburg,
Pa., to Brownsville, &e., Pa., 77 miles.
Or g a n iza tio n .—Operated by Pennsylvania RR., which owned Jan. 1,
1900, $3,382,000 stock, and all the consols, and pays net earnings
as rental, the consols, being pledged under “ coll, trust of 1883.”
D ividends .— ) ’92. *93. ’94. ’95. ’96. '97. ’98. ’99.
1900
Per cent... > 5
5
3 5
5 5 5 6
May, 3*8
E arnings.—Year ending Deo. 31,1899, gross, $2,031,144; net, $762,231; other income, $12,140; fixed charges, $463,396; dividends (6 p. c.).
P ittsb u rg Sc W e ste rn R y .—( See M ap o f Balt. A Ohio.) —R oad —
L in es owned in fe e —
Miles. Elwood Short Line—
Allegheny, Pa.,to N. Sewiokly. 46
N. Sewiokley to Rook Point. 3
Rock Point, Pa., to Newcastle 11
Leased and controlled —
M iles.
Frisco to Crowthers.............
6 Pitts. Cleve. & Toledo ........... 77
Callery Juno, to Butler............ 13 Pitts. Painesville & Fairport IT. 53
3-ft. gauge lines to Jewett, eto. 134
(Double track............................ 23)
Total (j[ see this co.)..............343
R eceivership .—On Mi roh 2, 1896, President Thomas M. King was
appointed receiver. Receiver’s certificates (1st series) for $500,000 is
subject to lien of first mort. 4s for $10,000,000. A second series of certifi
cates for $400,000 was authorized in July, 1897, and made a lien
prior to 4s of *89. V. 65, p. 70. The payment of these $400,000 was
extended to July 1,1900, with privilege of paying them off alter Jan.
1.1900. V. 69, p. 181. In Nov., 1898, permission was obtained to bor
row $500,000 from the Buff. Roch. & Pitts. Ry. on 5 per cent certifi
cates, proceeds to be applied for improvements, eto. V.67, p. 111.1,
In 1898 purchased Ellwood Short Line. V. 66, p. 1090,1190. On Feb.
21.1900, W illiam R. Blair was appointed master to sell after six weeks’
advertising. V . r 0, p. 382. Plan not expected until Fall, 1900.—V. 70,
.
p. 842.
In July, 1899, L. E. & W. sold its large holdings of the 2d mortgage
5s of 1891 to the B.& O.—V 67. p, 789, 843; V. 68, p 282; V. 69, p. 132.
1st 4s o f 1887.—In Feb., 1900, the B & O. had acquired the greater
part of the $10,000,000 first mortgage 4s (mostly originally deposited
with J. P. Morgan & Co.—V. 67, p 1264 ; V. 69, p. 7»5) which w ill be
held while the P. & W. is being reorganized and w ill be eventually re
tired or exchanged for a B. & O. bond.—V. 70, p. 280.
12©
INVESTORS’
SUPPLEMENT.
[V o l . l x x i .
Ju ly , 1900.1
R A IL R O A D 8TO O K S AJND BONDS
121
Hnbscriberi w ill con fer a great favor by g iv in g im m ed ia te n otice o f a n y error discovered in these T a b les.
Bond«—
Princi
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal,When Due.
Amount
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, &o., see notes of
Whom.
Cent. Payable
Road. Bonds Value.
Dividend.
on first page of tables.
Pittsburg A Western —(C oncluded) —
A. & O. N. Y ., J. P. Morgan & Co. Oct. 15,1900
45 1880 500 &o.
$81,000
6
Old Pittsburg & Western 1st mortgage...............
do
do
July 1, 1917
9,700,000
1st (consol.) mortgage for $10,000,000, gold... .c* 210 1887 $1,000
4 g. J. & J.
1891 1,000
3,500,000
2d mortgage for $3,500,000, gold.................... c*
5 g- M. & N. Nov., ’95, coup, last pd. May 1, 1941
M. & S. N. Y., Union Trust Co. Sept. 1, 1902
1882
6
100,000
Foxburg Bridge Co. 1st M., guaranteed by P.&W .
New York City.
Aug., 1920
3 1890 1,000
300,000
5 g. F. & A.
Ellwood ShortfLine, 1st M., gold, gu. by P. & W.
1,333,342 6 in 1899 M. & 8. N. Y., Farm. L. & Tr. Co. Mch. 24, ’00. 3
50
Pittsb. Toungst. A Ashtab.—Com. stock, $2,000,000 125
....
fe
1,700,000 7 in 1899 M. & S. N. Y., Far. L. < Tr. Co. Mch. 24 ’00,31
fl
50
Preferred stock, $2,000,000................................. 125
F. & A. Phila., Fidelity Tr. CO. Aug. 1, 1908
62 1878 1,000
6
1,500,000
Ashtabula & Pittsb. 1st M., Y ’ngst’nto Asht.o*&r
M. & N. N. Y ., Farm. L. & Tr. Co. Nov. 1, 1927
1,562,000
5
Consol. M. (for $4,000,000) s. f. 1 p.e., not d r.F .« ' 125 1887 1.000
1,000
400,000
Pontiac Oxford A N orthern —1st M., g., $400,000.c* 100 1896
6 g. J. & J. N. Y. Mero'le Trust Co. July 1, 1916
In default.
42 1894 100 &c.
June 1, 1944
225,000
41 J. & D.
2g.
Pt. Jervis Monticello A N. Y.—1st M .,($225,000) gold
42 1896 100 &o. N’e Mch., ’00
June 1, 1916
1st consol, mortgage, ($75,000) gold..................
5 g- J. & D.
Portland A Rochester —See Boston & M ain e RR.
.
Portland, Me.
June 15, ’00,1
100
1,000,000 6 in ’99 Q.—M.
Portland A Rum ford Falls. —Stock..........................
64 1896 1,000
1,000,000
Consol., now 1st, mort., $1,000,000, gold. .OB.c*
4 g. M. & N. Boston, Old Colony Tr. Nov. 2, 1926
F. & A. Boston and Portland. Aug. 1, 1927
....
1897 50Ö &c.
350,000
Plain bonds, sinking fund, gold, $350,000........o
4 g.
4
1887-9 1,000
300,000
J. & J. Portl’d, Me. & Boston. Je.’27, Jan.’20
Portland Unión Station —1st M., ser. “A&B,” guar.
Philadelphia.
Jan. 1, 1941
20 1891 1.000
1,500,000
Port Reading.—1st M., g.,guar. by old P.&R— c*&r
5 g* J. & J.
15 1891 1,000
1,100,000
Potomac Valiev—1st M.$2,000,000, g.guM eBa o*&r
5 g. J. & J. Baltimore, Hillen St’n. Jan. 1, 1941
40 1898 1,000
400,000
6 g. A. & O. N. Y., Co.’s of., 27 Wm. Oct. 1, 1918
Potosi A R io Verde —1st M., $15,000 p. m„ s. f.S.c*
Prosp. P a rk A 0 . 1.—See Street R a ilw ay Suppl EMEN t (Bro oklyn R apid Transit .)
28 1892 1,000
750,000
Providence A Springfield —1st M. gold.................. o'
5 g. J. & J. Prov.,Union Tr. Co. Bk. July 1. 1922
Q .-M .
Providence, Office. June 30 ’OO^1
«
51
100
3,500,000
10
Providence A Worcester—Stock (10 per cent rental).
A. & O. Prov., R .I. Hosp. Tr. Co. Oct. 1, 1947
51 1897 1,000
4
1,500,000
1st M.(refund’g),cur., $1,500,006. V.63,p.l064.o*
Quakertown, Pa.
15 1897
500
Jan. 1, 1927
J. & J.
Quakertown A Pastern —1st mort., gold G u P . o*
180,000
5 g.
720,000
5
J. & D
1945
60 1895 1,000
Queen Anne's.—1st mortgage, $12,000 per mile.
1,000
250,000
Q . 0. A K . 0 . RR.—1st mort., gold, red. at p ar.. .o* 134 1897
6 g. J. & D. N.Y., Gilman, Son & Co. Sept. 12,1900
24
M.12&S N.Y., checks mailed.
See text.
1,000
1,446,000
Guar. Tr. otfs. of dep. for old 1st M. non-pref. 5s. 134
Boston.
July 2, ’00, 5%
J. & J.
100
1,750,000
10
Quincy RR. B ridge Oo.—Stock, 10 per cent rental. ••••
P r e f e r r e d Sto ck Com m ittee .—A. Poster Higgins. John Harsen
Rhoades and Charles W. Baker; Knickerbocker Trust Co., deposi
tary. In Oct., 1899, over 87 per cent had been deposited. V.68, p.
1227; V. 69, p.132,852.906,956; V. 70, p. 382.
Sto c k .—Common, $8,500,000; preferred, $5,000,000, 5%non-cum.;
par, $50. Balt. & Ohio owned June 30,1898, $6,515,000 com, stock.
B onds .—For abstract of firs t m ortgage (trustee, Mercantile Trust
Company) see V. 45, p. 439. Second mortgage for $3,500,000 is a first
lien on terminals at Youngstown, O. Of the $3,500,000 seconds given
as outstanding, $1,360,000 unsold June 30,1898, it is understood are
pledged for loans. See mortgages, etc., p. 7 S cp’ t . of A pril, 1896.
Coupons .—Interest on 2d mortgage 5s due May 1, 1896, was not
paid. First (consol.) 4s, interestpaid regularly .including July 1,1899.
G en e r a l F inances .—On Mar. 31,1900, there were real estate mtges.,
$333,875; bills payable, $2,055.305; current liabilities, $1,167,249.
C on tra : Advances to subsidiary roads, $1,206,175; materials, etc., on
hand, $236,448; current assets, $830,106. Car trusts Mar. 31, 1900,
$819,867, including interest; receiver’s certificates, $472,800 of 6s,
and $1,055,000 of 5s, of which $445,000 are part of a $5C0,000 issue
authorized.
E arnings .— 11 mos., 51899-0....Gross,$3,423,714; net, $1,052,867
July 1 to May 31.
(1 8 9 8 -9 ....Gross, 2,959,275; net,
899,789
R e po r t .—For 1898-99 (V. 69, p. 1244), including leased lines:
lo J une 30—
Cross.
Net.
Int. A taxes.
B alance.
1898 99.................... $3,309,935 $1,075,265 $1,052,951 sur.$22,312
1897-98.............
3,221,406
969,415 1,007,562 def. 38,167
1896-97.................. 2,768,507
956,084 1,002,370 def. 46,286
—(V. 69, p. 852, 906, 956, 1 2 *4; V. 70, p. 280, 382, 842.)
P ittsb u rg Y o u n g sto w n Sc A sb tab u la R R . - Owns Kenwood,
Pa., to Ashtabula Harbor, O., 99 miles; Niles to Alliance Junction, O.,
25 miles; Canfield Branch, 1 m ile; trackage, 3 miles. Total, 128 miles.
Organization .—Leased August 1, 1887, to Pennsylvania Com
pany, wnich Jan. 1,1900, owned $375,000 common and $1,550,000 pre
ferred stock; rental net earnings. Lease terminable at either’s option
D iv id e n d s . ) 1890. 1891. 1892-95. 1896. 1897. 1898. 1899. 1900.
Common, n. c t.) 2^
3 6 yearly,
6
6
6 Mar,, 3
On preferred, 1888 to Mar., 1900, 7 per cent yearly (M. & S.)
B onds.—Bonds of 1887 are reserved to retire 6s.
E arnings.—in year 1899, gross, $1,569,245; net, $506,767; int.,
$168,100; other charges, $255,461.-(V . 63, p. 26.)
P la n t System .—
‘((See M a p , p a g e 1 2 8 ).—This system, so-called be
cause of the large interest owned in it by the Plant Investment Co., of
which control is held by the estate of the late H. B. Plant, under whose
w ill the executors and trustees have ihe power during the trust (see Y.
69, p. 82) to manage and dispose of it attheir discretion. Robert G. Erwin
is now President. I t unites Charleston, S. C. with Montgomery, Ala.,
and also with Tampa and other Florida points. The system inoludes
the following roads, described under their own titles, excepting the
Brunswick & Western included with Savannah Florida & Western:
P o rt R ead in g R R .—Owns 20 m. of road, completed in Sept. 1892.
from Bound Brook, N. J., to Staten Island Sound, where extensive1
terminals were established. Capital stock authorized $2,000,000—
par $100, all owned by Reading Company, $1,555,000 being deposited
under its general mortgage of 1897. “ Other indebtedness,” $110,886
July 1,1899.—(V. 55, p. 544,639.680.)
P o rtsm o u th Sc D over R R . —See Boston & Maine.
P o to m ac Y a lle y R R .—Opened in Sept, 1892, Potomac Yalley
Juno., Md., to Cherry Run, W. Va., on the B. & O., 14 miles, and
from Porters, Pa., to York, Pa., 17 miles; total, 31 miles. Capital
stock, $500,000 ($50 shares). Leased to Western Maryland, the bonds
of 1941 having principal and interest guaranteed, Jointly and sever
ally, by the Western Maryland RR. Co. and the Baltimore & Harrisburg
Ry. Co., and being soendorsed. The bonds havea sinking fund of 7-10
of one per cent. Earnings for year ending Sept. 30,1897 : Gross, $146,379; net, $79,729. In 1895 6, net, $91,851. (V. 52, p. 121; V. 66, p. 130.)
P o to sí Sc R io V erd e R y .—Owns a narrow-gauge road from City
of San Luis Potosi, Mexico, to Haoienda Alvarez, 40 miles, completed
about July, 1899. Has concessions for 99 years, expiring Nov. 4
1985, when railroad becomes the property of the Mexican Govern
ment. Company is exempt from taxes and import duties for 15 years.
Bonds are subjeot to cadi at 110 and interest on any interest day.
President, Robert S. Towne; Secretary, 0. J. Nourse, Jr., 27 W illiam
Street. New York.
P rospect P a rk Sc Coney Isla n d R R .—See St r e e t R a i l w a y
S u pplem en t under Brooklyn Rapid Transit Co. V. 69, p. 654.
P rovidence Sc Springfield R R .—Providence, R. I., to Douglas,
Mass., on the New England main line, 28 miles. Stock is $517,450 (par.
$100), mostly owned by the N. Y. New H. & Hart. V. 61, p. 1014. Roa d
leased (terms modified in July, 1896,) to New England RR. till July
1,1989,at 4 percent onstook. See V. 63, p. 30, and New England
RR. report V. 63, p. 698. The bonds were guaranteed by the N. Y. A
New England (since foreclosed).—(V. 63, p. 30.)
P rovidence Sc W o rcester R R . —Owns from Providence, R. I., to
Worcester, Mass., 44 miles, of which 5 miles are owned jointly with
Boston & Providence; branches, 7 miles; total owned, 51 miles j
From July 1,1892, leased for 99 years at 10 per cent per annum on the
stock to the N. Y. N. H. & Hartford.—(V. 63, p. 1064.)
Q u a k e rto w n & E a stern R R . —Quakertown to Riegelsville,
Pa., 15 miles. Stock, $180,000, all outstanding; par of shares, $50.
President, John Jameson; Sec., Henry S. Funk; Treas, James H.
Shelby. Office, Quakertown, Pa.
Q uebec R rldge C o.—See V. 70, p. 946.
Q uebec C e n tra l R y .—V. 68, p. 1077; V. 69, p. 28,646,1148,11196.
Q uebec Sc h a k e St. J o h n R y .—Y. 69, p. 230; V. 70, p. 231.
Q ueen A nne’ s R R —Queenstown, Md. to Lewes, Dei., and
Rehoboth Beac.h on Atlantic Ocean, 60 miles. Pennsylvania tracks
used between Lewes and Rehoboth, 6 miles; total, 66 miles. Stock,
$720,000. Bonds, 1st 5s, Gdn. Trust & Dep. Oo. of Balt., Trustee.
Year ending June 30,1899, gross, $85,552; net, $3,274. President,.
William H. Bosley, Baltimore; Sec., A. H. Taylor. V. 70, p. 532.
m it e s .
Mi'es.
Savannah Florida & Westernl,019 Florida Southern.................. 247
Q u in c y C a rro llto n Sc S t. L o u ts R y .—Owns Barnett to Colum
Charleston & Savannah........ 159 Sanford & St. Petersburg__ 152 biana, 111., 52 miles. Successor in Feb., 1899, to the Litchfield Car.
Brunswick & Western......... 171 St. Johns & Lake Eustis............... 48 & West RR., sold under foreclosure Nov. 26, 1898 (V. 68, p. 4 ); V.
Alabama Midland................. 235
68, p. 233. Extensions, it was said, would be made northwest
Silver Springs Ocala & Gulf. 66
Total................................ 2,097 to Quincy and southeast to Vandalia. In June, 1900, deeds were filed
—Y. 69, p. 82.
conveying the road to Edwin S. Layman. V. 70, p. 1292. Stock,
$500.000. For 6 months ending June 30,1899, gross, $22,011; net,
P o rt A n geles Eastern R R , - V . 69, p. 82.
taxes
P o rt A rth u r O u lu tb A W e ste rn R y .—V.68,p. 1077; V.69, p.334. $1,951. For year 1897-98 (old Co.), gross, $41,397; net, $4,098; trans
and miscellaneous, $8,102; balance, $4,004. On Jan. 17, 1900,
P o rt J ervis M on ticello Sc N ew Y o r k It I t . —Owns Port Jervis, ferred to Dwight C. Morgan, of Dwight, 111., representing the Chicago
N. Y., to Monticello, N. Y., 24 miles, and Huguenot to Summitville, 18 & Alton interests. V. 70, p. 176. (V. 68,p. 40, 233; V. 70,p. 176,1292.
miles. Stock authorized, $500,000; outstanding, $409,100; par, $100.
Q u in cy O m
R R . —West Quincy
June 30, 1899, loans and bills payable. $14,0i0; car trusts, $2,399. Mo., 133 miles: ah a Sc K a n sa s Cityto Quincy, 3 miles. to Trenton,
trackage (C. B. & Q.),
In year ending June 30, 1899, gross, $50,143; net, 87,570; charges,
H is t o r y .—Incorporated June 1,1897, and acquired, from the bond
$15,583; balance, deficit, $3,013. In March, 1899. control was ob
tained in the interest of the New York Ontario & Western, which w ill holders’ committee representing the non-preferred bonds, the property
of the old Railway foreclosed, paying therefor $250,000 1st mortgage
acquire the road after foreclosure.—Y, 67, p. 275; V. 70, p. 946.
6s and $1,500,000 oapital stock (which is deposited with the Guaranty
P o rtla n d Sc R o ch ester R tt .—Consolidated with Boston & Maine* Trust Co. of N. Y.). The new company leased its road to the Omaha
P o rtla n d Sc R u m fo r d F a lls R y .—Owns Rumford Jet. to Rum- K. C. & Eastern until Sept. 12,1900, The June, 1900, coupons wer&
ford Falls, 54 miles; branch to Otis Falls, 10 miles; trackage (Maine paid.—V. 70, p. 1150.
Central) Rumford to Lewiston, 4 miles; total operated 68 miles. Owns
Y e a r l y E arnings .— Cross.
Net.
Int.. taxes, etc.
Balance.
controlling interest in stock of Rumford Falls & Rangely Lakes RR., 1896-7...... ............... $290,952 $72,646
$127,879
def. $55,233
embracing 31 miles of track.—V. 69 p. 954.
1895-6 ............... .
289,741 112,111
24,276
sur. 87,835
Stock.—Dividends—In 1896,5 p. o.; in 1897,4 p. o.; in 1898, 4 p. c.: —(V. 65, p. 195; V. 68, p. 773; V. 70, p. 1096,1150.)
in 1899, 6p. c., including 2 p. c. extra in June; in 1900, March, 1 p. c.j I Q u in cy R R . B ridge Co.—Owns bridge 1*43 miles long over the
June, 1 p. c.
Mississippi River at Quincy, 111. Leased Jan. 1,1869, fo r 100 years to
A n n ual R e p o r t —Report for 1898-9 was in V. 69, p. 954.
C. B. & Q. and Hannibal & St. Joseph railroads at annual rental of
Tear—
Cross.
Net. Int.,tax.,etc. Dividends. Bal.,sur. $175,000, which equals 10 per cent on the stock.
1898-99......$334,741 $150,475
$61,576 (6) $60,000
$28,899
R a leig h Sc A u g u sta A i r Line R R . —Owns from Raleigh, N. C.,
1897-98...... 299,045
123,978
66,282 (4'
40,000
17,696 to Hamlet, N. C., 97 miles; Hamlet to Gibson, 10 miles; leases Mon
cure to Pittsboro, 12 miles ; total, 119 miles. Raleigh & Gaston haa
—(V. 65, p. 236, 567, 685; V. 67, p. 951; V. 69,p. 954.)
owned $772,200 of the $873,600 stock; par, $100. R. & A. first 6»
P o rtla n d Saco Sc P o rtsm o u th .—Consol, with Boston & Maine.
are endorsed by the Raleigh & Gaston.
P o rtla n d V ulon \ ta tlo n .—Bonds guaranteed jointly by Boston
E arnings .—Year ending June 30,1899, gross, $488,599; net, $147,& Maine and Maine Central.
285; other inoome, $4,167; charges, $1o2,b80 ; balance, surplus, $48,-
INVESTORS
12 «
SUPPLEMENT
[V ol . L X X I
Subscribers w ill con fer a great fa v o r by g iv in g Im m ed iate n otice o f a n y error discovered In tbese T a b les.
Bond»—Princl
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of oolnmn headings, &c., see notes of
Whom.
Road. Bonds Value.
Dividend.
Cent. Payable
on first page of tables.
Raleigh, A A ugu sta—R aleigh A Gaston—See S eabo ABD A ir L in E R y .
18 1889 $ 1,000
R a rita n R iver R y. —1st mortgage, gold................c
40 1862 100 & o .
R eading A Columbia —1st mort. (ext. in 18 82 )...c*
2d mortgage, coupon (extended in 1884)...........c
Debentures..........................................................c
R e a d in g C o m p a n y —Common stock, $70,000,000
1st pref. stock, 4 per cent, non-oum....................
2d pref. stock, 4 per cent, non cum.....................
40 1864
1877
1,000
1,000
Delaware River Terminal Pur. Money M., gold.o*
Delaware River Term. Ext. Pur. Mon. M., gold.o*
tBonds and mortgages on real estate..................
1892
1892
1,000
O ld P h lla . Ac R e a d . R R .
Old P b lla . Sc R e a d . R R .
bonds .
bonds assumed
fis t M., ext. in ’60, Philadelphia to Pottsv. $&£.c
1Mortgage loans of 1844,1848 and 1849........... o
t Mortgage loan of 1857 convertible................... c
t Mortgage loan of 1868, gold, extended in 1893.0
tOonsol. mortgage ($8,162,000 are gold 6s)........c
tlm pr’t M., g., ext. in 1897. See V. 65, p. 870, g.
1Consol. M.of 1882, g., 5s, ext. ’97 (V. 65, p.278)o1
t Terminal mort, gold. See V. 64, p. 8 5 ........o*<fer
t Mortgages on real estate......................................
Philadelphia City Subway Loan, guar., $3,000,000
fP . Sc R .C o a l Sc I . morts. See lis t V. 64, p. 619.
Coal trust certificates, gold. See V. 65, p. 278.
tCol. sink. f. gold loan (RR.) red. at 100, ass..c*
R ea d in g C om pany—
50
50
50
1.000
J. * J. Holland Tr. Co., N. Y.
i g- M. * S. Phila., P h il.* Read. RR. Moh. 1, 1912
500.000
809.000
1,074,651
M. & N.
5 g . J. & J.
June 1, 1904
do
do
J. & D.
Deo. 1, 1917
1 ,000,000
6
J. & D.
69.900.000 A ll stock in vot’g trust for 5 years or mo re.
28,000,000
M. & S. N.Y., J. P.Morgan & Co. Moh. 8,’OO.lia
42,000,000
5
BY P HILA. & R ead . R ailw ay . See N ot
1,512,700
94 1843 $ & £
6
94 1844-9 1.000
954.000
6
1857 500 &c.
79,000
4is
2.696.000
Ì48 1868 1,000
5 g254 1871 200 &c. 18.811.000 6 g. * 7
325 1873
9.363.000
4 g.
327 1882 5ÓÒ&0. 5,673,042
i g1891 1,000
8.500.000
5 g619,405
1894-8
2.700.000 H3&3i f l
’72-’84 500 &c,
64*,000 5 ,6 * 7
1894 1,000
3.600.000
6 g.
1892 1.000
1.585.000
5 g.
Gen. M.,$135,000,000,g., s.f.not subj.to call.o*&r. Text. 1897 lOOO&c. 63,454,000
1899
3.600.000
Car trusts, $3,600,000, $252,000 s. abeg. 1901..
R e a d in g Com pany—P h ila d e lp h ia Sc R ea d in g R y .—(See
M ap.)—'The Philadelphia & Reading Ry. operates in connection with the
great anthracite coal properties of the Philadelphia & Reading Coal &
Iron Co. in the Schuylkill region, Pennsylvania, a large system of
roads centering at Philadelphia and extending thence westerly through
the coal fields to Hazelton and Williamsport on the north and Har
risburg, Shippensburg and Gettysburg, in Pennsylvania, on the south,
also easterly in New Jersey to Atlantic City, on the Atlantic Ocean,
and to tidewater at Port Reading on New York Harbor, viz.:
L in es owned in fee.
Miles.
Leased lines —(C on.)
M iles •
Philadelphia to M t. Carbon,
Phila. Har. & Pitts. RR....... 1T46*9
Pa. etc. (double tracked).... 101 Wilmington & North. R R ..If 88*4
Branches—
Phila. & Reading Term. RR. 1*3
Reading to Harrisburg, Pa.. 54
Lebanon to Brookside, Pa... 42
Total leased........................ 549*9
Rockville to Auburn, P a.... 53
L in es controlled—(See each Co.)
Mahanoy City to Pt. Trev... 1
E n tire stock, owned —
New Castle to Mahanoy >65 Chester & Delaware RR......
5*4
Plain, Pa........................... )
Rupert & Bloomsburg.........
1*6
Other lines........................... 50 Middlet’n & Hummelst’n RR. 6*4
Tamaqua Hazleton & N. RR. 9*9
Total (2 tracks 173 miles). 365
C ontrolled —
Lines leased (See each Co.)
Reading & Columbia RR__ H39*6
Colebrookdale RR................ 12'8
Lebanon & other branches 13*8
Pickering Valley RR............ 11*2 Read. M arietta & Han. RR. 6*4
East Pennsylvania RR........1T35*4 North East Penn. R R ......... 1T25*6
Allentown RR...................... 1T4*5 Phila. & Chester Valley RR. ij"21*5
L ittle Schuylkill Nav. &RR. 1T31-5 Atlantic City RR. & branches,
Mine HU1 & Schuy. Haven.. 1145*8
Sea Coast R R .,etc...........1T159*3
M t. Carbon & Pt. Carbon RR. 1 2*5 Catasauqua & Fogelsv. R R .. 29*5
1
M ill Creek & Mine H .R R .... IT 3-8 Camden County RR.............. 7*3
Schuylkill Valley Nav.ARR. lfll-0 Gettysburg & Harrisb R y ... If34*1
East Mahanoy RR................ ijT0‘9 Perkiomen RR...................... lt38*3
Shamokin Sunbury & L. RR. 1T31*3 Phil. Newtown & N. Y. R R .. 1)21*7
Phila. German. & Nor. R R ... 1T29,6 Port Reading RR..................ltl9*7
Chestnut H ill RR.................it 4*1 Stony Creek RR................... io *l
Oatawissa RR..................... fl103*0 Phil. & Frankford R R ........If 2*6
0*4 Bloomsburg Belt Line R R.., 0*4
Norristown Juno. RR.........
North Pennsylvania RR...... 1f86*2
(If See this company.)
Delaware & Bound B. R R ... 1T33*8
Schuylkill * Lehigh RR.......f 43*9
Total controlled............... 541*6
Total system July, 1899 (2d track 446 miles), 1,456*5. The Wilming
ton & Northern. 88 miles, has been leased for 999 years from Feb. 1,
1900, practically all its stock having been acquired. V. 67, p. 843,
1218; V. 70, p. 126. (If See this |eompany.) In (June, 1900, Reading
B elt Ry., 7^2 miles, was under construction.
O r g a n iz a t io n .—The Philadelphia & Reading RR. (chartered April
4,1833) and the P. & R. Coal & Iron Co. were sold in foreclosure Sept.
23,1896, and reorganized per p la n in V. 61, p. 1109.
In the reorganization the 41 millions of old stock and the 56%
millions of olci preference income bonds were assessed 20 per cent,
the stock then receiving 100 per cent in new common and the prefer
ence incomes, common and preferred stook in certain proportions.
The “Reading Company” fia the reorganization acquired the secu
rity holdings, real estate, equipment, etc., of the old Phila. & Reading
RR. Co.; also $20,000,000 stook and $20,000,000 bonds of the Phila.
* Reading Ry.and the $8,000,000 stock of the C o al* Iron Co., and
akainst all this property issues its own securities. See V. 64, p. 709.
The property of the Reading Company, as distinguished from the
property of the Phila. & Reading Ry. Co. (which owns the railroad but
no equipment), and the Coal & Iron Co., consists of the following *
Railway equip, leased to Ry. Co. for 8 p. c. yearly................. $18,110,041
Real estate not appurt. to RR. (ann. revenue ab’t $175,000). 16,442,309
Colliers and barges leased to Ry. Co. for $115,000 yearly... 1,450 000
Phila. & Reading Ry. stock $20,000,000 and bonds, $20,*
000,000 par (annual int. to Reading Co., $1,200,000)__ 40,000 000
Phila. & Read. Coal & Iron and Reading Iron stock at p ar.. 9,000’000
,
Miscellaneous securities at par (in 1896 j ielded $765,000). 40,900 483
Morts. and ground rents at par (not under ’96-’97 mort.).
2651665
In t. in Phila. & Read’g Coal & Ir. above securities owned.. 77,280,349
Claims against other companies, etc....................................« 4,439.817
Total July 1,1899. (See V. 69, p. 801),
$207,888,664
J. & J.
J. & J.
J. & J.
* O.
J. & D.
A. & O.
M. * S.
Q.—F.
Phila., Guar. Trust,
do
do
May 20,1942
July 1, 1942
Philadelphia * London.
Phila., Read. Ter. Bldg,
do
do
do
do
Phila., do * London.
Phila., Read. Ter. Bldg.
do
do
Phila., Prov. Life & Tr.
July 1, 1910
July 1. 1910
July, 1910
Oct. 1, 1933
June 1, 1911
Apr. 1, 1947
Mch. 1, 1937
May 1, 1941
1904-1923
City Treasury.
Various Phila., Penn. Co. for Ins. 1900 1904
Apr. 1, 1904
do
do
Q .-J .
F. * A. Phila., Read. Ter. Bldg. Feb. 1, 1902
4 g. J. * J. N. Y ., J. P. Morgan&Co. Jan. 1, 1997
4 g. J. & J, Drexel & Co., Phila.,Pa, Jn.’01-J’ly’07
=
N ote. —General mortgage of 1897 requires th at the Readi ng Co. and Reading Coal *
bonds marked t above.
IT Only $16,000 are 3s.
572. In 1897-8, gross, $434,522 ; net. $75,627. Pres., John Skelton
W illiams, Richmond, Va. (V. 61, p. 751; V. 69, p. 334.)
R a le ig h Sc G aston R R . —See Seaboard A ir Line Ry.
R a r ita n R iv e r R a ilw a y .—South Amboy to New Brunswick, N.
J., 13 miles; branches, 5 miles; total, 18 miles. Connects at South
Amboy with C. RR. of N.J. and Penn.RR.via N. Y. & Long 8r. RR , etc.
Stock authorized, $1,000,000; issued, $365,000; par, $100. Loans and
bills payable Deo. 31,1899, $29,681. Year ending Deo. 31,1899, gross,
$70,807; net, $23,929; int., taxes, etc., $20,428 ; surplus, $3,501.—V.
•68, p. 573.
R e a d in g Sc C olu m b ia R R .—Owns from Columbia to Sinking
Springs Pa., 40 miles; branches, 14 miles; operates Marietta Junction,to
Cnickles, 6 miles; total operated, 60 miles. Stock, $958,373 (par. $50), of
whioh $788,200, together with $9,500 1st mtge., $35,000 2d mtge. and
$1,000,000 debentures, are owned by Reading Company, all except
$3,200 stock being deposited under its general mortgage of 1897.
Current liabilities June 30,1899, $1,217,369.
Jan. 1, 1939
$353,000
650.000
350.000
Iron Co,
Bhall be responsible
for
all
old
V oting T rust , E tc.—A ll classes of stock of the new company are to
be held by voting trustees (J. Piernont Morgan, Frederic P. Oloott and
C. S. W. Packard) for five years, and ¿thereafter until 4 p. o. cash divi
dend per annum shall be paid on the first preferred stook for two con
secutive years, though the trustees may in their discretion surrender
the stook at an earlier date. As to stock privileges see V. 64, p. 709.
See copy of v otin g tru st agreem en t V. 64, p. 9 5 5 , and also Sup
plement of April, 1897, page 5.
Sinking F und.—
Whenever, in any year, a dividend is paid on the
stock, an amount must, be paid simultaneously to the trustee eaual to
5 cents per ton on all coal mined by the Coal * Iron Company during
the preceding year, if the aggregate of dividends so declared exoeeds
that sum; otherwise suoh lesser sum as shall equal the dividends so de
clared. Under this provision $385,000 was set aside on the declara
tion of the Mar., 1900, dividend, and $433,000 bonds canceled.—V. 70,
p. 947.
D ividends .—First semi-annual dividend on 1st preferred l^a p. c„
paid March 8,1900.—V. 70, p. 280.
Bonds.—The New General M ortgage 4s (abstract V. 64, p. 61 2 )
are secured by mortgage and pledge of all properties and securi
ties embraced in the reorganization, and also all other property
acquired thereafter by use or the new bonds. They w ill have a sinking
fund out of the revenues from the Coal & Iron Company, but are not
subjeot to compulsory redemption prior to maturity. The new mort
gage is also, subjeot only to the bonds for which reservation is made,
based upon properties or securities of all the lines of railroad owned,
including the Philadelphia & Reading Railway Company proper,
391 miles; various leasehold lines, 597 miles; all the property of the
Coal & Iron Company, or the securities thereof, representing nearly
200,000 acres of coaL ana timber land; equipment valued at about
$12,000,000, and also the marine equipment.
Furthermore, it has a first lien upon a majority of the capital
stook of various companies in the system owning 448 miles of rail
road, of which 195 miles are leasehold lines included in the 597
miles above stated, and also on bonds of roads in the system (other
than the P. * R. Ry. Co.) amounting to $34,265,936 par value. The
securities are said to have earned in 1894-95 an income of $585,000, of whioh $448,000 was received as dividends—list in V. 64, p. 613.
The new mortgage is for $135,000,000, Issuable only as follows:
To take up undisturbed bonds of RR. and Coal * Iron Co. $64,631,000
For future construction, equipment, etc., at not over
$1,500,000 per annum under stringent provisions...... 20,000,000
Issued at once for reorganization purposes..................... 50,369,000
Im provem ent m ortgage 6 p. o. bonds of 1873 due Oct. 1,1897, were
extended at 4 p. o. for 50 years from April 1, 1897, payable in U. S.
gold and guaranteed p. * i. by the Readmg Co. Y. 64, p. 470; V. 65,
p. 516. The consol 5s of 1882 for $5,673,042 were also extended at 4
p. o. till Mar. 1,1937, the Reading Co. and Coal * Iron Co. becoming
responsible. See V. 65, p. 870, for contract. V. 65, p. 152, 870.
The term inal m ortgage bonds are Reading RR. bonds, and are
secured by a mortgage upon all the property of the Terminal Co. and
by a traffic contract between Reading and the Terminal Co. The trus
tee is the Provident Life * Trust Co. of Phila. Amount authorized,
$8,500,000. See description in Y. 64, p. 85 and guaranty V. 60, p. 732.
For tertryear sinking fu n d loan see January, 1895, Supplement .
The coal trust certificates under agreement of May, 1895, are not
redeemable until April, 1904—see Y. 63, p. 838 and Jan., 1895, Supp .
As to Philadelphia Subway L oan the receivers were authorized in
June, 1894, to pay interest (and principal at maturity) of not exceeding
$3,000,000 out of a total issue of $6,000,000 of 3 to 3*2 p. o. bonds of
City of Philadelphia, to abolish grade crossings. Principal is payable
alter ten years from date of loan in 20 annual instalments. See V. 58,
p. 1110; V. 62, p. 950; V. 63, p. 881.
As to the outstanding old bonds (see Y. 64, p. 619), the Reading
Company and the Coal & Iron Co. covenant to pay their interest
when due and to pay or extend their principal at maturity.
The $3,600,000car trusts of 1899 cover 2,500 wooden coal cars, 1,000
gondola cars, 30 passenger coaches, 30 locomotives, 500 box freight
cars and 200 refrigerator cars, the semi-annual payments being met
from the renewal fund.—V. 69, p. 1346.
Coal P roperties .—These aggregate about 194,000 acres, as follows:
Coal lands owned (acres)....95,144 I Timber lands owned (acres) 70,489
Coal lands leased (aores)__ 7,429 | Iron ore lands (acres)........ 21,000
G eneral Finances. —
Application to N. Y. Stook Exchange to list
general mortgage bonds was given in fu ll in Y. 64, p. 709.
In Jan., 1899, listed $1,952,000 additional gen. 4s, of which $452,000
to redeem old bonds and $1,500,000 for improvements—V. 68, p. 188.
The first semi-annual dividend on the first preferred was paid Mar. 8,
1900.—V. 70, p. 280.
In June, 1900, parties identified with the Pennsylvania and New
York Central railroads were reported to have acquired a large inter
est in the Reading Ry. and Cent. RR. of N. J.—V. 70, p. 1250.
L atest E arnings.—From July 1 to May 31 (11 months) results were
as follows on basis of present oharges in both years:
11'¡mos. to ,— P. & R. Ry.— > <
-------- Coal & Iron.--------, Read. Co. All Cos.
May 31.
Gross.
Net.
Gross
Net.
Net.
total net.
1899-0...*’4.411. 28 *8,885,372 $*6,673,892 *1,791,265 *197,485 *10,874.122
18v8-9... 20,981.416
8,493,021 21,403,626
979,877 174,199
9,647,097
Charges all Cos. 11 mos. 1899-0 .................. *8,494,000; balance, sur., *2,380,122
do
do
1898-9............. .
8,317,698; balance, sur.. 1,329,399
123
BOND8.
AN D
STOCKS
RAILROAD
J u l y , 1900.]
124
IN V E S T O R S ’
S U P P LEM ENT.
[V ol. LXXI,
Subscribers w ill co n fer 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 discovered in these T a b le s .
Bonds —Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &o., see notes of
Whom.
Dividend.
Road. Bonds Value.
Cent. Payable
on first page of tables.
$100 $10,000,000
8
J. & J. N.Y., Del. & H.Canal Co. July, ’00, 4%
1,000
May 1, 1921
2,000,000
do
do
7
M. & N.
ICO
Richmond, Va»
200,000 8 per an
....
100
1.265,600 8 in 1900 J. A J. Phila. and Richmond. July 2, ’00, 4%
100
July 2, ’00,4%
....
1,072,000 8 in 1900 J. & J.
do
do
100
May, 1900,31«
500,400
do
do
7
M. & N.
1901
1856 Various
76,270
do
do
5
J. & J.
1901
1858 Various
do
do
47,248
5
J. & J.
1901
1870 Various
298,000
do
do
6
M. & N.
1901-1902
’44-66
53,511
do
do
5
J. & J.
1890 $1,000
500,000
4*Sg. A. & .O. N.Y., Phila. orRichm’d. Apr. 1, 1940
Nov. 1, 1948
1898 1,000
3t 8,000
4 g. M. & N. J. P. Morgan & Co.
OF VlR GINIA.
100
J’n.25’00,1-96
....
2,000.000 See text. Jan’ary
New York.
1889 1,000
1,850,000
".
5 g. J. & D N.Y..M ait., CoppellA Co Deo. 1, 199July 1, 1917
1897 1,000
N. Y. Co.’s office.
2,000,000
6 g. J. & J.
100
4.510.000
1890 1,000
N.Y.,Mait.,CoppellA Co July 1, 1940
2.233.000
4 g. J. A J.
July 1, 1940
1890 1,000
do
do
2,277,000
4 g. J. A J.
100 10,000,000
....
N. Y., Office, 11 B’way. Sep. 30,’99,1%
Aug.l, ’00, l 1
^
....
100
do
do
7,500,000 5 in 1900 Q.—F.
1889 l,000&o 15,200,000
4 g. J. & J. N. Y., Morton Trust Co. July 1, 1939
1899 1.000
2,000,000
4 g. A. & O. N. Y., Morton Trust Co. Apr. 1, 1949
1898 1,000
650,000
4 g. A. & O. N. Y., office R. G. W. Jan. 1, 1918
=
....
50
300,000
5
M. & N. All owned by Penn. RR. May 1, 1900
3.882 1,000
May 1, 1912
212,000
4*3 M. A N. Phila., Co.’s Cffice.
Deo. 31, 1903
do
do
1894
84,000
4
J.30.D.31
100
J. & J. N. Y., by Erie RR. Co. July, ’00, 3%
555,200
18
6
100
J. & J. N. Y., Com Exch. Bank. July l ’00,2ifl%
1,500,000
113 . ,
5
July 1, 1925
do
do
J. A J.
113 1885 5,000
450,000
6
192
79
1st mortgage, consolidated............................ o*&r
R.F.AP.AR.A P. UR. GonnecVn C o —Stock 8% rental
1*4
Richmond, Fredericksb. A Potomac—Common stock
Dividend obligations (same div. as com. stock)..
Stock, guar. 7 p. c., except $19,300 guar. 6 p. 0 .. ....
82
1st mortgage, convertible.....................................
82
do“
coupon bonds due in London.........
82
do
“ do
due in U. S...............
82
2d mortgage
do
do
......
82
Consol, mortgage for $2,000.000, gold......... e*<fcr
31
Rich, A M eek. —1st M., $315,000, g. (V. 69, p.391). 0
Richmond dt Petersburg —S ee A tlantic Coast L in E RR.
.
Rio Grande Junction —Stook..................................
62
1st mortgage, gold, guaranteed........................ 0 *
156
R io Gr. Sierra M. A Pac. —1st M.,gold,$20,000 p.m.
180
1st mortgage, gold. $25.000} not guaranteed ( 180
per mile.............................( to be guaranteed ¿ 180
Rio~Grande Western —Com. stook, $15,000,000........
Preferred stook, $7,500,000................................. 645
lstM .lim tt’dto$15,200,000,g.(V.69,p. 284)Ce.o' 436
1st consol, mort., red. at par, see text, gold. Uo.e* 645
33
Utah Cent. 1st M„ $650,000, guar., V. 68, n. 724, g
__
River Front —Stock, 5 per cent, guar. Penn. RR---1st mortgage, guar. p. & i. by Penn. RR.............. 4-62
Rensselaer A Sara.—Stock,8p.0 .gu.Del. & Hud. (end.)
Roch. A Genesee Fa?.—Stock, 6% rental Erie RR......
Rock Island A Peoria —Stook....................................
Consolidated 1st mortgage......... ........................r
1871
The Beading System always shows small earnings in the winter
months. The largest earnings are in the autumn.
Annual B eport .—Fiscal year ends June 30, having been changed in
Sept., 1897, from Nov. 30. Beport for 1898-9 was given at length in
V. 69, p. 792, 798, 904. See also editorial, p. 775.
1897.
1898.
1899.
Fears Ending June 30.
.$23,756.461 $22,685,838 $20,616,264
. 14,634.038 13,085.0-2 11,717,460
. $9,122,423 $9,600,806 $8,898.804
.$23,643,838 $22,909,553 $21,427,080
. 22,742,103 22,433,315 21.331.713
$*5,367
$476,238
$901,735
Net earnings....................
343,320
3,526,583
Beading Co.—Net income...... . 3,358,543
$9,337,491
$13,382,701 $13,603,627
9.916,625
. 12,442,236 12,227,206
.. $940,465 $1,376,420 df. $579,134
Officers .—President, Joseph S. Harris; Vice-President, W. B. Tay
lor; Sec., W. [G. Brown; Treas., W. A. Church.—(V. 70, p. 947,1250; V.
71, p. 85.)
R en sselaer Sc S arato g a R R .—R oad .—Embraces 192 miles, viz :
Leased ( Continued ) —
Miles.
Road owned —
Miles.
Troy to Lake Champlain__ ... 79 Ft. Edward to Caldwell...... 15
Vermont line to Castleton, V t. 7
Leased—
Troy to Waterford Juno., etc.. 14 Eagle Bridge, N. Y., to Rutland, V t............................ 62
Schenectady to Ballston.......... 15
L ease.—Leased in perpetuity March 1,1871, to the Delaware & Hud
son, which, Dec. 31,1898, owned $800,000 of stock; rental, 8 per cent
on the stock and interest on bonds. Guaranty on stock, V. 56, p. 773.
Year.
Gross.
A et.
In t., taxes, etc.
Bat., def.
1898-9........... $2,458,032
$695,183
$1,029,183
$334,000
1897-8.......... 2,448,728
729,235
1,028,547
299,312
-(V . 63, p. 881; V. 67, p. 1054; V. 68, p. 976; V. 69, p. 384,1061; V.
70, p. fc95.)
R ic h m o n d Sc D a n v ille .—See Southern Bailway Co.
R ic h m o n d F re d e ric k s b u rg Sc P o to m ac Sc R ic h m o n d
Sc P ete rs b u rg C o n n ectio n R R .—A connecting road at Rich
mond, Va., I 1 miles in length. Operated by Richmond Fred. & Pot.
*
RR. under lease of Aug. 3, 1866, made jointly to that company and
Bichm. & Peters. BB. (now Atlantic Coast Line BE!.), rental being
guaranteed to be equal at least to 8 per oent on stock.
R ic h m o n d F re d e ric k s b u rg Sc P o to m ac R R .—Owns frsm
Richmond, Va., to Quantico, 79 miles; James River branch, 3 m .; leases
Quantico to Junction, etc., 3 miles, total 85 miles. The dividend obli
gation scarry no voting power. Rich. & Petersb. Connection RR. stock
of $140,000 reoeives 8 p. o. dividends under lease. Atlantic Coast
Line Co. owned $675,800 common stock June 1, 1897.
The guaranteed stock is secured by mortgage. Consols are re
served for prior bonds maturing.
Drvs.on stock & > ’8 8 . ’89. ’90. ’91 to ’93. ’94. ’95 ’96. ’97. ’98. ’99.1900
div. oblig. p. c .) 7 7 6 *2 7 yearly. 6*3 7 7 6*2 7 7
8
E arnings.—11 months, $ 1899-0 ...... Gross, $885,20“; net, $397,096
July 1 to May 31.
¿1898-9...... Gross, 794,202; net, 326,028
R eport .—Report for year end. June 30,1899, showed gross $898,2*i9; net, $326,057; other income, $22,266; interest, $88,255; divi
dends, $160,814; balance, surplus, $99,254.—(V. 70,p. 633.)
R ic h m o n d Sc M e c k le n b u rg R R .—Owns road from Keysville,
Va., to Clarkesville, Va., 31 miles. Road is leased by South. By. Co.
for 50 years from Nov. 1,1898, for interest on bonds. (V. 69, p. 391.)
8TOC K. —$357,900 (par $100), of which $300,000 owned by So. By. Co.
For year ending June 30, 1899, gross, $47,437; net, $4,703; other in
come, $1,501; int., and taxes, $13,341.—V. 68, p. 826.
R ic h m o n d N ic h o la s v ille Ir v in e Sc R e a tty v ille R R .—See
Louisville & Atlantic BB.—V. 69, p. 180, 696; V. 71, p. 85.
R ic h m o n d Sc P etersb u rg R R .—See Atlantic Coast Line of Va.
R io G ran d e J u n c tio n R y .—Owns road Rifle Creek, Col., to a
connection with the Bio Grande Western at Grand Junction, 62 miles.
This is a connecting link in the standard-gauge route between Ogden
and Denver and Colorado Springs. Leased by Colorado Midland R ail
road (since foreclosed and reorganized as Colorado Midland Railway)
and Denver & Rio Grande at 30 per oent of gross earnings, which comthe bonds, principal and inijanies Jointly and severally guaranteedin 1899, $1 20; in Jan.. 1900,
nterest. First dividend, 1898, 80 cts.;
$1 96. For yearl897-8, gross, $387,977; net, $116,393. (V. 66, p. 237.)
R io G ran d e S ie rra M a d re Sc P a c ific R R .—Organized in Mex
ico in 1896;incorporated in N. Y. State in June, 1897, when completed
from Ciudad Juarez via the San Bias Mountains, Lake Guzman, Sabinal
and San Pedro mining region, to Casas Grandes, 156 miles. Extension
proposed to Guerrero, 156 miles, to meet the Chihuahua & Paoiflo.
ana a projected line to Paoiflo Coast. Capital stock is $3,120,000
<$20,000 per mile) and bonds are authorized at $20,000 per mile, of
which $2,000,000 issued for construction to July. 1898 Interest on
bonds begins July, 1899. E l Paso Southern BB. organized to build El
Paso terminals and Bio Grande bridge.
D ire cto rs .—President, A. Foster Higgins; Vice President, Edwin D.
Morgan; 2d Vice-President, A. Gifford Agnew; Secretary, George Row
land; Treasurer, Solon Humphreys; Sidel Tilghman, John B. Law
rence, Jr., W. Morton Grinnell, Edward M. Shepard and John T. Terry,
New York offices are at 100 Broadway.—V. 64, p. 611, 1138.
R io G rande Southern I t S t.—(See Map D enver A R io G rande.)—
Owns narrow gauge from Dallas (new name Ridgeway), Col., on the
Denver & Rio Grande, southerly to Durango, 162 miles, and branohes
to Telluride and coal fields near Hesperus, 18 miles.
Bonds.—I nterest on firsts reduced from 5 per cent to 3 per cent to
Jan. 1,1898, and 4 per oent thereafter. A majority of the stook is
owned by D. & R. G. and by it has been placed in trust. See V. 63, p. 404.
Mortgage trustee, Central Trust Co.; abstract, V. 54, p. 163, and ap
plication to N. Y. Stock Exchange in V. 54, p. 446. Of the bonds, $2,277,000 owned by the Denver & Rio Grande are guaranteed by the
latter.—V. 70, p. 791. See form of guaranty, V. 70. p. 1295.
L atest E arn in gs .—11 mos., 5 1899-0.Gross, $485,468; net, $229,735
July 1 to May 31.
( 1898-9.Gross, 456,808; net, 222,516
For 10 months ending A pril 30,1900, net, $210,380, agst. $198,439
in 1898-9; other income, $2,591; fixed charges, taxes, etc., $178,817;
bal., sur., $34.154, against $22,075.
For year ending June 30, 1899, gross, $489,326; net, $235,296
other income, $1,940; interest, taxes, etc., $212,642; surplus for year
*24,594. In 1897-98, gross, $427,264; net, $197,630. (V. 69, p. 490;
V. 70, p. 1292, 1295.)
R io Grande W estern R y .—( See Mow.)—L in e o f R o ad —Owns Cre
vasse, Col., to Ogden, Utah, 310 m , to Wasatch, Bingham, Coal Mines,
etc., 102 m.; San Petejbranoh, Thistle to Mantl, 62 miles; Sevier Railway
(proprietary line— securities owned), Manti to Belknap, 62 miles;
all
Tintio Range Ry. (proprietary line, all securities owned)—Springville
to Mammoth, and spurs. 47 miles; total owned, 583 miles; Utah Cen
tral (stock owned), 33 miles. Leases Crevasse to Grand Junotion, 18
miles. Total operated, 634 miles, besides 11 miles of tramways.
H is t o r y .—Formed in June, 1889, to succeed the Denver & Rio
Grande Western, by plan of March, 1889. V. 48, p. 429; V. 52, p. 941.
In 1898 acquired control of Utah Central and guaranteed its first 4s.
In April, lij 00, negotiations were pending for the acquisition of the
Colorado Midland in the jo in t interest of the Rio Grande Western and
Colorado & Southern.—V. 70, p. 739.
Ca p it a l St o c k .—Preferred stock is entitled to 5 per cent dividend*
non-cumulative, then common stock to 5 per oent, after which both
olasses of stock share pro rata. In V. 67, p. 435, 579; V. 69, p. 492,695.
The stockholders voted A pril 30, 1900, to increase the common
stock to *15,000,000 for necessary capital purposes.—V. 70, p. 633,
895. In May, 1900, $700,000 preferred stock was sold, raising the
outstanding issue to $7,500,000. V. 70, p. 997.
Cash D iv s —¿1891. 1892. *93. ’94-6. 97.
’98.
’99.
’00.
Pref., p. o. ) 3%
5
3% None. %
5
5*2 Inc. Aug.,33*
........
Common, p. c..........................
..
.. 2pf.stk. lp f. stk.
In 1899, pref. paid Feb.. 1% (of which 1 extra); May, l ^ p. c ; Aug.,
1 J p. c.: Nov., 1 * ; 1900, F eb .,l^; Ma' .l^ . Also paid in p refer red stock
4
4
on preferred: In 1891, 2*« p. o.; in 1897, 4p. 0 . On Sept. 30.1899,1
per cent in preferred stock was paid on common stook. V. 69, p. 492.
B onds .—See abstract of 1st mort. in V 49. p. 237. and statement to
New York Stock Exchange in V. 50. p. 73 ; <also V. 69, p. 284.
The firs t consol. 4s, authorized in 1899, are secured by a first collat
eral lien on the Sevier and Tintio railways, 110 miles, and on all new
mileage to be constructed and rolling stock purchased, including 50
miles of branches to Heber and coal mines built in ’99, to cover the cost
of which and to discharge car trusts, etc., $ 2 ,0 0 0 ,0 0 0 have been sold.
Of the balance issuable, $ 15,200,000 are reserved to retire the 1st 4s,
$2,200,000 w ill be exchanged for $2.850,000 branch line bonds nowin
the treasury and w ill be held as available assets, and $9,000,000 may
be issued at not exceeding $500,000 per annum for equipment and
improvements. Additional consols may also be issued at $20,000 per
mile for future branohes and extensions or for underlying liens of ac
quired roads.—V. 6 8 , p. 475,1183.
E arnings .—11 months, ¿ 1899-0..Gross, $4,055,242; net, $1,593,128
July 1 to May 31.
5 1898-9..Gross, 3,050,557; net, 1,149,207
A n n ual R e p o r t .—Fiscal year ends June 30. Annual meeting is held
on fourth Monday in October. Full report for 1898-99, with balance
sheet, etc., in V. 69, p. 900, 910. Bee also editorial, p. 880.
Tear end. June 3 0 1899.
1898.
1897.
1896.
Average m ileage..... 596
582
546
531
Gross earnings..........$3,352,988
$3,362,288 $2,468,504 $2,457,359
Net earnings............ 1,157,123
1,182,739
758,615
869,659
Net income............... 1,301,403
1,265,918
860,891
957,189
Interest on bonds..... 610,833
608,000
608,000
608,000
Rental, etc................. 203,726
112,849
121,521
107,751
Div. on pref.........
334,810
324,778
........
......
Total payments..$1,149,369
$1,045,627 $729,521 $715,751
Balance...........a.sur.$152,034 sur.$220,291 sr.$131,370 sr.$241,438
a From surplus paid on common stock in 8 ept., 1898, 2 p. 0 . ($200,
000) and in Sept., 1899,1 p. c. ($100,000), both in p refer red stock.
—V. 69, p. 82, 284, 492, 696, 9 0 0 , 910,1194; V. 70, p. 633, 895, 997,
1196.
J ü l y , 1900.]
RAILROAD
STOCKS
AND
BONDS.
135
126
INVESTORS’
SUPPLEMENT,
[Y o l . LXXL
Subscribers w i ll con fer a great fa v o r by g iv in g Im m ed iate notice o f a n y error discovered in these T a b le s .
Bontte—
Princi
INTEREST OB DIVIDENDS.
RAILROADS.
Size, or Amount
Miles
pal,When Due.
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &o., see notes of
Road. Bonds Value.
Dividend.
Whom.
Cent. Payable
on first page of tables.
$100
$345,360
6J* J. & J. Clinton, N. Y ., by check July, ’00. 3*8%
100 10,000,000
5
Q.—F. N. Y., Gr. Cent. Station. Aug.15,'00,114
Sept. 1, 1910
97 1855 100 &0.
417,800
do
do
6
M. & g.
lBt M.,Wat. & R.,Rome to Cane Vin.,s.f.,not dr’n.c*
500,000
45 1871 1,000
7
J. & J. N. Y., Gr. Cent. Station. July 1, 1901
Syracuse North’n, 1st M. Syracuse to Sandy Cr.c*
July 1, 1928
AU 1874 1,000
9,076,000
do
do
5
A. & O.
Consol, M. (int. but not prm. payable in gold).. c.
1885
July 1, 1915
100,000
6
F. & A.
do
do
6
F. A A.
Feb. 1, 1915
175.000
17 1885
Apr. 1, 1916
130.000
13 1886
do
do
Norw’d & Mont. 1st M., g., $360,000; $10,000p.m.
5 g. A. & O.
1,000
May 1, 1918
do
do
14 1888
375,000
R. W. & Og.Term. RR. 1st M., gold, assumed— o*
5 g. M. A N.
May 1, 1915
350,000
do
do
M. & N.
28 1865 1,000
7
Oswego & Rome [Leased in perpet-Llst M., guar.
May 1, 1915
do
do
400.000
28 1891 1,000
F. & A.
2d M., gold, guar p. & i. (end) by R. W. & O..o*
9
250.000
? g'
N. Falls Br. RR. stk., ($243,000own. by R.W.&O.)
100
M ar.30,’00,3ia
do
do
M. & S.
1,103,000
7
Utioa&B l. Riv. st’k,7p.o.perpet. gu.byR.W .&0. 150 ’68-71
July 1, 1922
134 1890 1,000
do
do
1,950,000
4 g. J. & J.
U.& B .R .lst M .,$2,000,000, g., gu.p.&i.(end.).c
July 1, 1916
2 1889 1,000
Philadelphia.
50,000
5 g. J. & J.
R upert A Bloom sVg—1st M.gu.p.&i.(encL)P.&R.g.o*
July 1,’00,2%
100
Company’s office.
120
4,239,100 3 in 1900 J. & J.
Rutland —Stock, preferred (for com. see text)........
M. & N. Boston, Nat. Shaw. Bk. Nov. 1, 1902
6
1st mortgage ($ per cent, reduced to 6)..............o 120 1872 100 &o. 1,365,000
2,135,000
41 g. J. & J. N. Y ., U. S. Mort. & Tr. July 1, 1941
fl
First consol, mort. for $3,500,000, gold Us .c*<fcr 120 1891 1,000
G u a ran teed B onds .
1898 1,000
3,500,000
Ogd. & L. Ch 1st M., $4,400,000, g., guar,Ce..o* 127
4 g. J. & J. N. Y. Nat. Bank of Rep. July 1, 1948
1,100,000
Rut.-Can.—1st M., g., gu., $1,350,000. O B ...... o* 43^0 1899 1,000
4 g. J. & J. Boston. Nat. Shaw. Bk. July 1, 1949
100
255,700
Q .-F.15 Troy, United Nat. B’nk. Aug. 15,’00,1 ia
7 ....
6
R utland A Whitehall R R .—Stock (no bonds;.........
Aug. 1, 1931
New York.
1,000,000
67 1900 1,000
Sag .Tuscola rf2Tur<m—lstM .,g.,gu,,p.&i ,end.Co.o*
4 g. F. & A.
100
500.000
0 Mad
L Belt_r .....................................Z
See text.
600.000
J. & J. Jan., ’96, coup, last pd.
Alt'. Bdg.'lst M..g.,$i00,06d as col.for i’n$75,0i,6. c . . . . 1893 1,000
5 g50
3,848,590
81. Johnsbury A L. Oham.pl.—Stock, $1,298,560, pf.
2,500,000
1st M., $2,500,000 ($1,328,000 gu. by B.&M.) g.o* ÏS Ï 1894 1,000
5 g M. & S. Boston, Comp’ys Office. Meh. 1. 1944
100
....
4,600,000 A il stoc k in vot ing trust for period s tated in text.
St. Joseph A Grand Islan d R y .—Common stock...
100
’00,
5,497,600 3 in 1899 semi-an N.~Y., Central Trust Co. Jan. 31,1 2%
1st preferred stock, 5 per cent, non-cum............ . . . . . . . .
100
3.430.000
2d preferred stock, 4 per cent, non-cum..............
1897 1,000
3.500.000 2-3-4 g. J. & J. N. Y., Central Tr. Co. Jan. 1,1947
1st M., g., 2 p.o. 2 yrs., 3 p.o. 3 yrs., then 4..o*&r 251
Rom e A Clinton—Stock (rental guaranteed)...........
Rome Watertown A Ogdensburg —Stock, guar, (end.)
....
R iv e r F ro n t R R .—Junction with Phila. & Trenton RR., Lehigh
Ave., Kensington, to Dock St., Philadelphia, with branch; total 4*62
miles. Leased to Pennsylvania RR. for oO yeais from May 1,1882;
rental now $28,000 and taxes, 5 p. o. being guaranteed on stock.
R o ch ester & Genesee V a lley l t R . —Owns from Avon to Roches
ter, N. Y., 18 miles. Leased July 1,1871, in perpetuity, to Erie Railway
Rental, $34,012. James Brackett, President. Rochester. N. Y.
R o c k Is la n d Sc P eoria R y .—Owns from Rook Island, 111., to
Peoria, I1L, 91 miles; R. I. & Mercer County RR., 22 miles; branch, 5
m iles; total 118 miles. In year ending June 30,1899, gross, $700,203;
net, $247,977; other income, $8,678; interest on bonds, $42,000;
taxes, $39,301; div. (5 p, c.), $75,000; bal., sur. for year, $100,354. In
1897-98, gross $659,677; net, $176,455. Dividends at 5 p. o. per annum
are paid; in 1892 an extra dividend of 10 p. o. was paid; in 1896 an
extra div. of 5 p. o. was paid. The $150,000 first mortgage 10 per cent
bonds were paid at m aturity Jan. 1,1900. Pres., R. R. Cable.
R o c k a w a y V a lley R R . —Y. 70, p. 126.
R o m e St C lin ton R R .—Owns road from Rome 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 & W. Capital
stock, $345,360. Por year ending June 30, 1899, rental, $22,375;
sundry expenses, $781; dividends (6% per cent), $21,581; balance,
surplus, $130. Total surplus June 30,1899, $14,826.
R o m e W a te r to w n Sc O gdensburg R R .—(See M ap New York
Central A H udson R iver R ailroad .)—Owns from near Niagara Falls to
Massena Springs, N. Y ., 299 miles, less 28 miles, Riohland to East
Oswego, leased from the Oswego & Rome RR. ; Riohland to Rome.41 miles;
branches to Cape Vincent, Ogdensburg, Pulaski, Fulton, etc.. 104miles;
total owned, 416 miles. Leases Utica & Black River Railroad, Utioa to
Ogdensburg, and Clayton branch, 150 miles ; Oswego & Rome Railroad
ab above, 28 miles ; Carthage Watertown & Saokett’s Harbor, 30 m.;
total, 624 miles. Also trackage—to Niagara Falls, 2 miles ; Fulton to
East Oswego New York Ont. & Westeml2 miles.
L e a s e .—In 1891 leased during corporate existence and renewals to
N. Y. Central & Hudson River RR. Co., which assumes the debt and
guarantees 5 p. o. on stock. For guaranty see V. 52, p. 463.
B onds .— Utica A B lack R iver is leased in perpetuity, 7 per cent on
stock being guaranteed. First mortgage, guar., p. and I. V. 50, p. 771.
R u p e rt Sc R lo o m sb u r g R R .—Rupert to Bloomsburg. Pa., 1*6
miles; total track, 2 3 miles. Stock owned by Reading Co., of which
$48,000 is deposited under its general mortgage of 1897.
R u tla n d R R .—(S ee .Map.)—Operates from Bellow’s Falls, V t., via
Rouse’s Point, N. Y ., to Ogdensburg, with branches to Bennington,
V t., and Tioonderoga, N. Y ., etc. Controls the Rutland Transit Co.,
operating steamers on the lakes between Ogdensburg and Chicago,
Milwaukee, Duluth, etc., and so forms part of a through route from
the western ports of the Great Lakes to the New England seaboard.
The system includes:
RR. L in es Owned.
Miles. Leased.
M iles •
Bellow’s Falls, V t., to Bur
Bennington to Rutland, V t.. 59
lington, V t..........................120
Leicester Juno., Vt., to Ticonderoga, N. Y .................. 16
P roprietary Lines.
Ogdensburg & Lake Cham.,
Ogdensburg to Rouse’s P ... 118
Rutland-Canadian RR.—
Rouse’s Point to Burling
ton, V t., with branch........ 43*3
Total operated................... 35 6 ^
The Rutland-Canadian connecting line was completed in June, 1900*
V. 70, p. 1196. The Bennington & Rutland, whose entire stock was
acquired in Feb., 1900, affords an outlet to New York via the Fitch
burg and the New York Central. V. 70, p. 430, 687, 793.
Sto c k .—$3,000,000 of the preferred and $1,000,000 of the $2,480,600
common stock, par $100, was purchased in Oct., 1898, by P. W.
Clement, President of the Rutland RR.
Divid’nds) Year »90. '91. ’92. ’93. ’9 4 .’95. ’96. ’97. ’9 8 .’99.1900
on pref. J P. C. 3
2
4
4
4
4
2
1
2 2
3
In July, 1900, dividend rate was increased from 2 to 4 per cent.—
V. 70, p. 1292.
B onds .—The consolidated mortgage (trustee, U. 8. Trust Company
of N. Y.) is for $3,500,000, but of this $1,365,000 can be issued only
in payment of 1st 6s in 1902. V. 66, p. 1190. Rutland-Canadian
mortgage is for $1,350,000, of whloh $1,100,000 sold in July, 1899 (see
advt. in Oh bo n icle of July 15); the balance is reserved for branohes,
terminals, rolling stock, Improvements, etc. In March, 1900, the Rut
land Transit made a mortgage for $1,000,000. V. 70, p. 483, 534.
G e n e r a l F inances .—In January, 1899, the Ogdensburg & Lake
Champlain RR. (which see) was purchased and its first mortgage 4s,
(present issue), $3,700,000, guaranteed. The Rutland-Canadian RR.
43 miles, to be completed m June of 1900, shortens the distance
between Rouse’s Point and Boston 16 miles. V. 69, p. 1007. The Ad
dison RR. is leased for 99 years at 3 p. o. on the $500,000 stock, of
which the Rutland owns $429,600, the dividends received from which
being included in “ other income.”
L ate st E arnings .—Advance statement for year ending June 30,
1900, including Rutland R R , Ogd. Sc Lake Cham., Ben. & Rutl. and
Rutland Transit Co. (June estimated) was in V. 71, p. 82, showing:
|
Year.
Gross.
Net.
Int.. taxes, Ae. B a l-,su rp .
$807,848
$468,203
$339,645
1899-0........ ..$2,1) 0,793
R e p o r t .—Report for year ending June 30,1899, was in V. 69, p. 1007.
Y ear end. June 30,1899. R utland RR.
Og<6 L . Oh. RR.
Total.
Gross earnings......................... $803.520$677,569 $1,481,089
382,665
183,555
566,220
Net earnings..............
Other income...........................
45,051
6,024
51,075
Total income.....................
Rentals and taxes......... ........
$427,716
50,510
$189,579
22,930
$617,295
73,440
Bal. for int. and d iv ........
$377,206
$166.450
$543,855
Total annual interest charge, entire system (ino. Rut.-Can.) for 18991900, $362,500; dividend at rate of 2 per cent per annum on Rutland
preferred stock calls for $84,782 Report for 1897-98 in V. 67, p. 952.
-(V . 70, p.382, 430,481, 687, 792,1096,1196,1292; V. 71, p. 82.)
R u tla n d Sc W h it e h a ll R R .—Owns from New York State line
to Castleton, V t., 7 miles. Leased Feb. 1, 1870, in perpetuity to
the Rensselaer & Saratoga RR. (rental $15,342—6 per cent—on stock)
and so operated by Delaware Ss Hudson.
Sagin aw T u sc o la & H u r o n .—Owns Saginaw, Mich., to Bad Axe.
67 miles. Stock, $600,000; par, $100. In year 1898-9, gross, $147,448; net, $45,644; other income, $5,495. Leased to Pere Marquette
RR. for 999 years from Feb. 1,1900, for guaranty of principal and
interest of bonds (see form V. 71, p. 30) and maintenance of property.
V. 70, p. 895, 947; V. 71, p. 30.
St. C lair HIa di won Sc St. L o u is B elt R R . —Projected to run
from a point in St. Charles Co., Mo., to Belleville, H I., about 40 miles via
bridge across the Mississippi River at Alton, HI. In October, 1894, the
bridge and 2 miles of road were completed. The bridge is 2,100 feet
long and laid for double-track. Interest due July 1, 1896, not paid,
and on Jan. 15,1897, J. F. Barnard made receiver. In July, 1900,
the receiver was authorized to expend $35,000 on the Alton bridge.
V. 71, p. 30. A reorganization committee has been appointed, but no
plan to Oct., 1899. For year 1898-99, gross, $53,846; net, $14,974.
Treasurer, O. Hodgman, 300 No. Fourth St., St. Louis, Mo.—V. 64, p,
181; V. 71, p. 30.
St. J oh n sb u ry Sc L a k e C h am p lain R R . —Owns Lunenberg.
Vt., to Maquan Bay, on Lake Champlain, 120 miles, and branch from
North Concord, Vt., to East Haven, 11 miles; total, 131 miles. The road
is operated independently although a majority of the stock is owned by
the Boston & Lowell, leased to Boston & Maine. In year 1898-9 gross,
$379,366; def. under operating, $7,505; deficit, $73,905.
St. Joseph Sc G ran d Isla n d R y .—Line of R oad—St. Joseph,
Mo., to Grand Island,Neb., 251 miles. Trackage. St. Joseph to Gower,
Mo., over S. F., 30 miles, and Gower to Kansas City, over K. C. & Nor.
Conn., 29 miles; total trackage, 59 miles.
H istory .—A reorganization Feb. 23,1897 (per p l a n in V. 62, p.
784,950), of the St. J. & Grand Island R ailroad, sold in foreclosure.
Stock.—A voting trust w ill retain control for the first preferred stock
for five years, unless the first preferred stock pays fu ll dividends for
three consecutive years, after which the control shall rest with the
first and second preferred stocks, and shall so continue for three years
thereafter, after which all stooks shall be entitled to equal vote. Vot
ing trustees are F. P. Olcott, J. Kennedy Tod and Gordon Abbott.
D ividends .—On firs t p referred , in 1898,5 P- o.; in 1899, Jan., 2 p. e.
Aug., 1 p. c.; in 1900, Jan., 2 p. o.
B onds.—The 1st mort. interest is 2 p. c. till Jan. 1 , 1899; then 3 p. o.
till Jan. 1,1902 and thereafter 4 p. c. Bonds for $500,000 reserved
for uses of new company cannot be issued to exceed $100,000 yearly,
and $1,000,000 can be sold only for new mileage a t not exceeding
$6,000 per mile; trustee, Central Trust Co., N. Y. See application for
listing on N. Y. Stock Exchange in June, 1897, in-V. 64, p. 1138.
[ The fixed annual oharge, previously $420,000, w ill be for the first
two years from Jan., 1897 (including oharge on $500,000 reserved
bonds), $80,000; following 3 years, $120,000; after 5 years, $160,000.
L atest E arnings.—11 months ending May 31:
Year.
Gross.
Net.
In t.,taxes, etc. B al., sur.
$300,907
$96,2f0
$204,657
1899-0..................$1,294.425
1898-9................... 1,148,228
253,526
78,750
174,776
A nnual R eport .—Fiscal year ends June 30. Report for 1898-9
w ith bal. sheet in V. 69,p. 953, showed: Gross, $1,261,060; net, $348,409; interest, taxes, div., etc., $339,181; balance, surplus, $9,228. In
1897-8, gross, $1,232.508; net, $484,830.
Of f ic e r s .—President,W illiam L. Bull; Treasurer. Henry Budge!
Seo’y, W. S. Wilson.—V. 68, p. 41,1183; V. 69, p. 28,181, 9 0 2 , 9 5 3.
St. J osep h South B en d Sc Sou th ern R R .—Owns South Bend,
Ind., to St. Joseph, Mich., 39 miles. A reorganization of the Indiana
& Lake Michigan Ry., foreclosed and sold Deo. 8,1898. V. 67, p. 1263.
The new company took possession Mar. 1,1899, V. 68, p. 473. Stock,
$500,000 common and $250.000 5 per cent preferred, to be held for
five years by Morgan G. Bulkeley, S. C. Dunham and Colgate Hoyt, as
votingtrustee. Leased to Indiana Illinois & Iowa RR. for 50 years
from Feb. 23,1900. No bonds. For 4 mos. ending June 30,1899,
gross, $26,070; net, $4,337. For year ending Oct. 31,1898 (old Co.),
gross, $70,558; deficit under operating, $1,255.—V. 70, p. 481.
137
K A 1 L R O A D STO C K S A N D B O N D S.
1900.]
J uly,
138
INVESTORS’
SUPPLEMENT
[V ol . TìX X I .
Subscribers w i ll con fer a great fa v o r by g iv in g Im m ed iate n otice o f an y error discovered In tliese T a b le s.
Bonds—
Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or Amount
Par
of
Rate per When Where Payable and by Stocks—Last
For explanation of column headings, &c., see notes of
Whom.
Dividend.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
56
1st mortgage, $800,000, gold............................ c*
56
2d mortgage, $400,000, g old ..............................
8 t. L ou is d Cairo—See M obile & Ohio .
k
St. L ou is < H annibal —1st mort., $600,000......... c 103
&
20
St. L ou is K ennett d Southern.—1st mort., gold. ..c*
k
25
Pemiscot Div. 1stM., gold, U S t........................c*
20
Kennett & Osceolo RR. 1st M., gold, C S t,..-...o*
St. L ou is Merchants' Br. Term.—1st M., gu.p.&i., g.c
Meroh. Bridge 1st M ., red.after Feb 1,1909, at 110 . . . .
St, L o u is & ~San F r a n c is c o B i t .—
1,549
1st preferred stock, 4 per cent, non-cum............ 1,549
2d pref. stook, 4 per cent, non-cum., $16,000,000 1,549
2d mort. (now 1st), A, gold! (Pacific to Seneca,c* 294
do Series B, gold........ J Mo.,& branches, c* 294
294
294 miles.
c*
do Series C, gold........ 1
82
Mo. & W. Div. 1st M ., g.,$5,000yearly dr. at 105.. o*
Bt. L. & SanF. col.trust gold, sink. fd. not drawn.o* 104
Gen. M., g. (1st on 365 m.) $7,807,000 are 6s.o* _
57
Collat. TrT M. on br’ohes ($20,000 p. m.), gold.. c*
New Consol, mort., $50,000,000, gold, no option 1,549
Southwest Div. M. $1.500,000 red. at par, g. Ce c* 112
Cent.Div.lst M.,g ,$3,462,000,red.at 102:ifl.Co.c* 103
St. L.Wich. & W. 1st M ., red. at 105, gold............ c* 145
Ft. S. <feV.B.BridgelstM.,g..dr.atl05,guar.p.&i.o*
Kan. C. Div..1st pur. mon. M.$3,300,000, g.Usm 147
N. W. Div. M. (Wich. to Ellsw.), $1,300,000, gold 106
St. L. Okla. & So., 1st M., gu., g., $22,000 per m. . . . .
1896
1896
$100
1,000
1,000
1,000
1886
1,000
1891
1,000
1894
1,000
1897
1890 500 &c.
1,000
1889
....
....
1876
1876
1876
1879
1880
1881
1887
1896
1897
1899
1879
1885
1900
1900
1900
100
100
100
100 &0.
500 &o.
500 &o.
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
$1,300.000
800,000
400,000
380,000
135,000
150,000
70,000
3,500,000
2,000,000
26,339,405
5,000,000
14,276.947
500,000
2,691,000
2,400,000
1,020,000
951,000
20,099,000
1,099,000
a7,501,125
1,500,000
1,962,000
2.000,000
b289,000
3,300,000
( None (
1
1,000 ) J’nel900 (
5 g. J. & J. N. Y., Confi Trust Co. July 1, 1996
Oct. 1, 1996
do
do
6 g. A. & O.
7
6
6
6
5
6
g.
g.
g.
g.
J.
F.
A.
J.
A.
F.
&
&
&
&
&
&
1936
J. J an. ,’91 .coupon last pd.
Feb. 1, 1921
A.
St. Louis, Mo.
1914
O.
do
1917
D.
do
O. N.Y. ,F’rs L. &Tr. & St.L. Oot. 1, 1930
A. N. Y., Farm. L. & Tr. Co. Feb. 1, 1926
Voting t rust cer tificat68.
July 6, ’00 ,2 %
4 In 1900 J. & J.
Checks mailed.
Mar.3, ’00,1%
do
2 in 1899 M. & S.
M. & N. New York, Mercan. Tr. Nov. 1, 1906
6 g.
Nov. 1. 1906
do
do
6 g. M. & N.
Nov. 1, 1906
do
do
6 g- M. & N.
Aug. 1, 1916
do
do
6 g. F. & A.
6 g F. & A. N. Y., United States Tr. Aug. 1, 1920
5 & 6 g. J. & J. N. Y., Mercantile Trust. July 1, 1931
5 g. A. & O. N. Y., Union Trust Co. Oct. 1, 1987
4 g. J. & J. N. Y., Mercantile Trust. July 1, 1996
Oot. 1, 1947
do
do
5 g. A. & 0 .
do
do
Apr. 1, 1926
4 g. A. & O.
6 g. M. & S. N. Y ., Mercantile Trust. Sept. 1, 1919
Apr. 1, 1910
do
do
6 g. A. & O.
Text. M. & N. In t. from Nov. 1,1900. Nov. 1, 1920
New York.
A. & O.
4 g.
do
1950
4 g. J. & J.
=
a Of which $1,113,125 in treasury, b $14,000 of which drawn for pay ment on Oot . 1, 1900.
In Mar., 1900, the purchase of the Kansas City Osceola < Southern
&
Ry., Kansas City, Knoche Junction, to Bolivar, Mo., 147 miles, was
authorized, the St. L. & S. F. to issue $3,300,000 divisional mortgage
bonds, of which $300,000 fours were reserved for future require
ments. Of the $3,300,000 bonds, $2,324,000 are 4 percents and $976,000 3 per cents. Interest charge on unreserved bonds w ill vary from
$60,00<> the first year to «110,000 for the year ending Nov. 1, 1905,
the maximum annual charge thereafter. V. 70, p. 532,1096.
In Apr., 1900, arrangements had been made with the Kansas Mid
land bondholders’ committee to purchase the road for $1,100,000
Northwestern Division 1st mortgage 4 per cent bonds and $965,000
common stook, $200,000 of the bonds to be reserved for improvement»
on the division. V. 70, p. 740, 945.
Sto c k and V oting T ru st .—A s protection to the new mortgage
bonds, all classes of stook (except shares to qualify directors) are
vested in the following voting trustees: John A. Stewart, Louis F itz
gerald, J. Kennedy Tod, Isaac N. Seligman, Beniamin P. Cheney, Sam
uel C. Eastman and James A. Blair, to be held by them and th eir
successors Jointly for five years, and for such further period (if any»
as shall elapse before the first preferred stook shall have received a 4
per cent cash dividend for two consecutive years, although the voting
trustees may, in their discretion, deliver the stock at any earlier date,
but not in any event prior to Jan. 1,1902, save with the consent of
the holders of at least tWo-thirds in amount of the beneficial interest
certificates of eaoh class. Voting trust is dated July 1,1896,
The new company reserves the right at any time to redeem
St. L o u is K a n s a s Sc C olorado R R .—Y. 69, p. 1301.
either or both classes of its preferred stock at par in cash. Provisions
St. L o u is M erch a n ts’ B rid ge T e r m in a l R y .—Or g a n iz a - of the voting trust and preferred stock certificates were given in Su p
t io n . -Double-track road from near Union Depot, via Main Street, H all
plem en t of April, 1897, page 6.
Street, &o., to Ferry Street, opposite the Merchants’ Bridge, 7 miles. It
D ivid en ds .—
1897.
1898.
1899.
1900.
owns and controls the Madison 111. & St. L. Ry., connecting the town First preferred........ 2 p. ot.
4 p. ct.
4 p. ot.
4 per ct.
of Madison and East St. Louis, 8 miles; total, 15 miles. Leases Mer Second preferrred................
1 p. ct.
2 p. ct.
Mar., 1%
chants’ Bridge for interest on the Bridge Company’s $2,000,000 bonds.
B onds —The consolidated mortgage (trustees, Mercantile Trust Co.,
B onds —Both issues are subject to call after 20 years at 110 and in
N. Y., and Paschal P. Carr, of St. Louis) for $50,000,000 (ab strac t in
terest. Stock authorized,$3,500,000; issued to July 1,1899, $2,939,500; V. 64, p. 186,) is secured upon all properties and securities embraced
par, $100. On Deo. 31,1899, there was due to Terminal RR. of St. L. in the reorganization and also all other property hereafter acquired by
$1,008,489 for advances under its guaranty. In Nov.. 1893, Terminal use of any of the new bonds. Enough new bonds at the rate of
RR. Association of St. Louis acquired control of this company and 80 per cent (approximately $39,072,000) are reserved for retirem ent
by endorsement the principal and interest of its $3,500,000
f uaranteedbonds and the interest on the $2,000,000 Merchants’ Bridge of all outstanding undisturbed issues, and the remainder for better
rst mort.
ments, equipment, etc., at not over $300,000 yearly. (V. 64, p. 182.)
first 6s. The properties are operated Jointly.
Southwestern D ivision bonds are secured on the 112 miles old Central
E a rn in g s .—Year 1899, gross, $729,579; net over taxes and rentals, Division of Atlantio & Pacific purchased in Deo., 1897.—V. 66, p. 83.
Of the $3,462,000 Central D ivision 4s, $1,962,000 were issued to
$181,844; interest, $193,715; deficit, $11,871.—(Y. 62, p. 362.)
purchase the former St. Louis & Oklahoma City RR., 103 miles, on
St. L o u is Sc N orth A rk a n sa s R R .—Seligman, Mo., connecting which the bonds are a first purchase money lien at $19,000 per mile;
with the St. Louis & San Francisco Ry., to Eureka Springs, Ark., 18-*« upon the retirement of the Southwestern Division 5s, for which the
miles. Successor by purchase Feb. 1,1900, to Eureka Springs Ry. In remaining $1.500,000 are reserved, the 4s w ill become a first lien on
July, 1900, extension under construction to lead mines at Harrison, 112 miles additional.—V. 68, p. 573 ; V, 69, p. 334.
Ark., 50 miles, $3,212,500 new first mortgage 5 p. c. 50 or;100-year gold
As to loans of 1900 see organization above.
bonds to be issued on entire line of 128 *o miles as proposed at $25,000
G en
see “
per mile, per plan V. 69, p. 645. The $500,000 old first 6s were offered tion ” e r a l F inances .—A s to new acquisitions in 1900 trustsorganiza
above. In June, 1900, no floating debt. Car
Apr. 30,
an equal amount of the new 1st 5s, the $500,000 incomes an equal
amount of new capital stook at $25,"00 per mile and the $500,000 1900, $157,275.
E arn in gs .—11 mos., > 1899-0...Gross, $7,341,305; net, $3,037,722
old stook one new share for five old. V. 69, p.645. Stock, $1,250,000;
July 1 to May 31. 5 1898-9...Gross, 6,639,877; net, 2,642,664
par, $100. In year ending June 30, ’99, gross, $58,653; net, $24,950.—
Y. 70, p.281.
For 6 mos. ending Dec. 31,1899, net $1,802,534, against $1,534,444
in 1898; other income, $30,294; charges, $1,221,091; sur., $611,737,
St. L o u is Sc O k la h o m a City R y .—See St. Louis & San Fr. RR.
St. L o u is P eoria Sc ' o r . R y .—Sold to Chicago & Alton syndicate. against $413,830; div. on 1st pref., $100,000, and 1 per cent paid
March 1 ,1P00, on the second preferred, $142,720.
St. L o u is Sc San F ran cisco R R .—( See M ap.)—Embraces:
A nnual R e p o r t .—Third annual report of reorganized company w a »
L in es owned —
Miles.
Operated —
Miles.
given at length in V. 69, p. 792,803.
8t. Louis, Mo., to Paris, Tex. 584 Kansas Midland Ry.—
1898*99.
1897-98.
1896-97.
Wichita to Ellsworth, Kan. 106
Springfield, Mo , to Knoche
$5,993,33»
$6,886.467
Gross earnings........ .........$7,226,662
T rackage—
Jot. (Kan. City), Mo........... 186
2,856,358
2,509,70»
Net earnings...................... 2,885,471
Kan. City Sub. Belt, Knoche
Monett, Mo., to Oklahoma
2,926,118
2,516,774
4 Total net income.............. 2,962,632
Jet. to K . C............... ...... .
City, O. T ............................ 260
2,037,997
1,994,524
Payments—interest........... 2,130,517
Peirce City,Mo.,toWichita,K. 217
188,404
171,257
Taxes....................- .......
207,976
Beaumont. Kan., to Black1^ 9 7 9
19,926
Miscellaneous.................
39,339
well. O. T ...........................
70
(4%)200,000
(2%)100,000
Div. on 1st pref........... (4%)200,000
Branches i n Missouri, Kan
(1) 160,000
Div. on 2d pref............ (1%)160,000
sas and Arkansas.............. 223
St. L a w ren ce S Adirondack B y . - From Malone, N. Y. (on
c
Mohawk & Malone) to Caughnawaga, 56 miles, connecting there with
the Canadian Pacific at Its St. Lawrenoe River bridge ior Montreal.
Stock, $1,300,000. For year ending June 30, 1899, gross, $169,339;
net, $90,573; other income,$765; charges, $83,412; bal., sur., $7,926.
President, W. Seward Webb. (V. 63, p. 30,116.)
St. L o u is Sc Cairo H R . —(See M ap Mobile d Ohio.)—Cairo to East
k
St. Louis and branch, 161 miles. Stock was $6,500,000. In April,
1900, the M. & O., issued its collateral trust 30-year 4 p. c. gold
bonds secured by Cairo stock, thirty shares of the stook being ex
changed for $1,000 of the bonds, but the lease w ill be maintained. V.
70, p. 740. Rental for year 1898-9, $241,897. Dividends.—In ’93-4,
i* pfo.; »94-5,
’95-6, »5; ’96-7,
’97-8, %. (V. 70, p. 532.)
St. L o u is Gape G irardeau Sc F o rt S m ltk B y . - Reorganized
as Southern Missouri & Arkansas RR.
St. L o u is Chicago Sc St. P a u l R y . —Merged in Chicago
Peoria & St. Louis.
St. L o u is Sc H a n n ib a l R y .—Hannibal to Gilmore, Md., 85 miles.
Rail’s Junction to Perry, Mo., 18 miles; total, 104 miles. Stock, au
thorized, $1,000,000; par, $100; outstanding, $462,000. There are
also $250,000 income bonds outstanding. Year ending June 30,1899,
gross, $134,075; net, $15,473, against $18,751 in 1897-8; total deduc
tions, $33,915; deficit, $18,442. Sec.-Treas., M. T. Cox, 52 Wall St., N. Y.
St. L o u is Ir o n OTt. Sc Sou th . R y .—See Mo. Pao. Ry . System.
Total system....................1,659
Total owned June 15,1900.1,549
On July 15, Sapulpa to Okmulgee, 32 miles (St. Louis Okl. < So.—
fe
see below) was opened.
Or g a n iz a t io n —Organized June 30,1896, to succeed to the property
and francaises of the Railway company soid in foreclosure and reorper p la n in V. 61, p. 829 and 1140—see also p. 742. Central Division
of Atl. & Pao., 112 miles, was purchased in July, 1897.—V. 6 >p. 150.
The Kansas City Suburban Belt terminal affords an entrance into
Kansas City The St. Louis & Oklahoma City Ry. Co., Sapulpa, Ind.
Ter., to Oklahoma City, 103 miles, was purchased in 1899, formal
possession being taken on March 28.—V. 68, p. 332, 674.
In Feb., 1900, it had been arranged to build the St Louis Oklahoma
& Southern Ry. as an extension from Sapulpa, Ind. Ter., to Denison,
Tex., 200 miles, the entire stock to be ownea by the St. L. & S. F. and
its 4 per cent bonds to be guaranteed. Of the $5,500,00 ■bonds au
thorized $1,000,« 00 and any additional amount not: required for con
struction and equipment are to be reserved for future purposes. V.
70, p. 231.
Balance, surplus.........
$224,800
$326,445
$23i,067
Off ic e r s —President and General Manager, B. F. Yoakum; Vice-
President and General Auditor, Alexander Douglas; Secretary and
Treasurer, Frank H. Hamilton.
D ire cto rs — (Nov., ’99) J. K. Tod, Isaac N. Seligman, J. A. Blair, E. C.
Henderson. Fred’k Strauss. Henry Marquand, of New York; Benj. P.
Cheney, Richard Olney, of Boston, Mass.; Samuel C. Eastman, Concord,
N. H.; Geo. A. Madill, Richard C. Kerens, B F. Yoakum, St. Louis;
Henry K. McHarg, Stamford, Ct.—V. 70, p. 1096, 1150; V. 71, p. 85.
St. L o u is S lio a m Sc S ou th ern R R . —See V. 63, p. 30.
St. L o u is S ou th w estern R y . — {See M-ap.) — Bird’s Point,
Mo., opposite Cairo, 111., to Texarkana, Tex., 418 miles, and thence by
the Texas road to Gatesville, 305 m iles; total, main line. 723 miles;
branches, Mt. Pleasant to Sherman, 110 miles; Tyler to Lufkin,
88 miles; Corsicana to Hillsboro, Tex., 40 miles; Commerce to
Port Wf>rth. 97 miles; Lewisville, Ark., to Shreveport, La., 60 miles;
jAifheimer to Little Rock, A rk.,42 miles; Malden, Mo., to Delta, 5 l
Ju l y , 1900.]
JRAILKOAD
STOCKS
AND
¿ONDS,
129
130
INVESTORS’
SUPPLEMENT.
[VO L. L X X I,
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RAILROAD
STOCKS
AND
BONDS.
131
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RAILROADS.
Bomfe—
Princt
* INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
For explanation of column headings, Ac., see notes of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
St. L ou is Southw.—1st M. ctfs., $16,500 p. m., g.o* 1,222
1890 $1,000 $20,000,000
4 g. M. A N. N. Y ., Central Trust Co.
2d M. 4% incomes, $10.000,000,non-cum., gold.o* 1,222 1891 50Ó Ac.
9,000,000 2*322 in July ,’00 N. Y ., Merc. Trust Co.
....
Car trusts June 30,1899.......... . ..........................
1891 various
500,675
6
Various N. Y., Central Trust Co.
Gray’s Pt. Term’l,lstM .,gu.,p.Ai.e.g.,S.St.,.cA+
r
16 1897 1,000
339,000
5g . J. A D. N. Y., Cent. Tr. & St. L.
St. P a u l E astern dt Or. T runk—1st M.. g , int. gu.e*
56 1883 1,000
1,120,000
J. A J. Office,C.AN.W.,52 Wall.
6 SSt. Paul M inn, dt Manitoba —See Great Northern—
St. Paul dt No. Pacific—S e e N o. P a c i f i c RR.
Salt L a k e dt L os Angeles—1st mortgage (text).g..c
15 1893 1,000
300,000
Salt Lake City.
6 g. J. A J.
San A ntonio dt A ransas Pass —Stock.......................
100
5,000,000
1st M. for $21,600,000 g., guar. p. & i. (end.).c*&r 687 1893 1,000 18,900,000
4 g. J. A J. N. Y., Cent. Trust Co.
40,609
San A ntonio dt Brownsv.—1st M., g., $16,069 p. M. 275 1900
New York.
5 g. J. A J.
(?)
Ban D iego Ouyamaca dt EasVn R y.— 1st mort., gold
22 1888 500 Ac.
550,000
In default.
6 g- J. A J.
S a n fo r d dt St. P b u r g —lstM .„g.n6tguar.......... P P
1894
375,000
Philadelphia, Pa.
4 g. J. A J.
Do
guar. p. & f., end. S. F. A w ................ P P
1894
300,000
4 g. J. A J.
San Francisco dt No. Pacific —1st M., gold.M e.c**r 165 1889
1,000
4,038,000
5 g. J. A J. N.Y. ,46Wail,A Fr’nk’frt
Cal. Northw., 1st M., $2,000,000, g., gu.p.Ai.,s.f.
60 1898 1,000 None Mar’O
O
5 g. A. A O. San Fran. A New York.
S.Fr.dtSanJoag.Val.— 1st M.,g.,oall aft.l915.M e.c 374 1896
1,000
6,000,000
5 g* A. A O. N. Y. and San. Fran.
S. Fe dt Gr. Canyon—1st M .,$1,500,000, g„ s.f.IR c
70 1898 1,000
1,000,000
5 g- J. A J. Boston, In t’l Trust Co.
Santa Fe Pres.dt Phoenix -1st M., $5,000,000,g.Me.o* 198 1892
1,000
4,940,000
5 g. M. A S. N. Y. Mer’tile Tr. Co.
2d M., gold, (Cent. Tr. beneficial certfs.)........ Ce 198 1893 1,000
2,964,000
5 g- J. & J. N. Y., Central Trust Co
Prescott A East.. 1st M., $375,000, p. A l. gu.Ce 261« 1898 1,000
375,000
do
do
5
A. A O.
Saranac dt L a k e Placid —1st M., $120,000,g., Ce.o*
10 1893 1,000
120,000 5 (6) g. M. A N. N. Y ., 21 Cortlandt St.
2d mortgage, $24,000............................................
10 1896
500
24,000
do
do
5
M. A N.
Saratoga dt Schenectady—Stock (rental guarant’d). ....
100
450,000 7 per an. J. A J. Troy, United Nat’l Bk.
Sault Ste. M arie B ridge—1 st M., g., s.f.,dr’n at 110. c
IH 1887 1,000
900,000
5 g. J. A J. N. Y ., Nat’l City Bank.
z $1,000,000.
miles: Gray’s Point Terminal Ry. (entire stock owned), Delta to Gray’s
Pt., Mo. 16 miles, completed in Oot., 1898; trackage rights to Gape
Girardeau, 15 miles, Wylie, Tex., to Dallas, and Wolfe (Sty to Sher
man; other 6 miles; in all, 25 miles; total, July, 1899,1,258 miles.
O rg an ization .—Reorganization per plan in V. 50, p. 141, 561 of St.
Louis Arkansas A Texas, sold in foreclosure in October, 1890. Consists
of two corporations—the St. Louis Southwestern Railway Co., and the
St. Louis Southwestern Railway Co. of Texas.—V. 69, p. 646.
Sto c k .—Stock issued, common, $16,500,000; pref., 5 p. c. non-cum.,
$20,000,000, of which in treasury June 30,1899, common, $143,900;
preferred, $106,350. Par of shares, $100.
B onds .—The fir s t m ortgage certificates are issued against a like
amount of first mortgage bonds secured upon the constituent lines at
a rate not exceeding $16,500 per mile, and the second mortgage certifi
cates against second mortgage bonds at $8,250 per mile. First inter
est payment on 2d mortgage incomes, 2 p. o., made July 1,1899; 1*678
p c. paid Jan. 2, 1900; 2*322 p. c. July 2,1900, making 4 p. c. for
1899. Y. 70. p. 687,1292.
Gray’s Point Terminal Ry. was completed in Oot., 1898, from Delta
to Gray’s Point, 16 miles; its $339,000 of bonds at $15,000 per mile
are guaranteed bv the St. L. Southw., principal and interest. Form of
guaranty in V. 69, p. 1062. St. L. So. W. owns all capital stock and
leases the road for Bfty years. (V. 65, p. 413.) This extension gives
a through line via Chicago A Eastern Illinois to Galveston, Tex.
G e n e r a l F inances .—In Feb., 1899, $1,000,000 additional 4 per
cent income certificates sold for improvements and betterments,
making total listed $9,000,000, and all the floating debt paid off.
Interest payments on 2d M. were begun in 1899.
E arn in g s .—11 mos.,) 1899-0......Gross, $5,487,994; net, $1,915,954
July 1 to May 31. 51898-9......Gross, 5,458,489; net, 1,738,685
A n n ual R e p o r t .—Annual meeting is held at St. Louis, Mo., on the
first Tuesday in October. Report for 1898-99 was in Y. 69, p. 793.
T ear en ding J un e 30— 1899.
1898. ,
1897.
1896.
Gross earnings............. $5,862,338 $5,279,332 $4,743,546 $4,904,489
Operating expenses... 4,209,088 4,173,328 3,855,888 4,132,375
Net earnings..........$1,653,250 $1,106,004
P. 0 . op. ex. to earns... (71*80)
(79*05)
Tot. net,incl. other ino. 1,737,708 $1,114,911
Taxes...........................
133,495 131,007
In t. on 1st M. bonds....
800,000 800,000
In t. on 2d M. bonds....
180,000
...........
Rentals, etc.................
44,536
26,613
$887,658
(81*29)
$891,242
121,485
800,000
...........
32,944
$772.114
(84*26)
$782,192
128,552
800,000
...........
31,490
Balance.............. sur.$579,677 sr.$157,291 df.$63,189 df.$177,850
President, Edwin Gould.- (V. 70, p. 532, 687,1250,1292.)
St. L o u is V a n d a lia Sc T e rre H a u te R R ,-(^ e e Map Pittsb.
O indn. Ohie. dt St. L .)—East St. Louis to Indiana State line, 158 miles.
Ca p it a l Sto c k .—Stock, $2,379,358 oommon and $1,544,700 of 7
per cent cumulative pref.; par $100. The Terre Haute A Indian
apolis owns $326,000 preferred and $500,000 common stock, the Penn
sylvania RR. $837,000 preferred, and the Pennsylvania Co., Dec.,
1899,1,350,000 oommon and $381,700 preferred. Dividends paid on
pref. stock 1891-1899, both inclusive, aggregated 70 per cent. (See
hup . of Jan., 1900.
B onds .—The first mortgage bonds due Jan. 1, 1897 ($1,896,000),
were purchased at m aturity by the Pennsylvania RR. Co. V. 64, p.
420. The $2,600,000 second mortgage bonds were purchased May 1,
1898, by Pennsylvania Company. V. 66, p. 761,811; V. 68, p. 477.
A n n ual R e p o r t .—Report for year 1898-9 in V .70, p. 529, showed:
T r.end. Oct.31.
Gross.
Oper’g exp's.
Net.
Rental.
1899............. $1,829,221
$1,280,159
$549,062
$548,766
1898............. 1,708,639
1,220,833
487,806
512,592
The payments from income of $555,838 in 1899 were: Taxes, $65,804; interest. $L79,840; oar trusts, etc., $70,168; balance, surplus,
$240,028. Loss to lessee in 1895-96, $297,280; loss in 1896-97, $192,565; loss in 1897-98, $24,785; profit in 1898-9, $296.—(V. ,70 p. 529.)
S t. P a u l Sc D u lu th R R .—Owned St. Paul, Minn., to Duluth, Minn.,
155 miles (less 9 miles not oper.); branches, 29 miles; merged by con
solidation in 1899; Stillwater A St. Paul RR., 13 miles; Taylor’s Falls
& Lake Superior, 20 miles: Duluth Short Line, Thomson to West
Superior, 18 miles; leased, 19 miles; total, 245 miles. Second track,
17 miles.
D iv id e n d s .— > 1 8 8 4 . ’ 85-’ 8 8 . ’8 9 . ’9 0 . ’9 1 -3 .
’9 4 -7 . ’ 98. ’9 9
’0 0
On pref.—p. o. j t3i« 7 yr’lv. 5 ^ 6 ^ 7 y r’ly. 5 yr’ly. 7 7 Mar.,31«
On oommon—In 1 8 8 7 3 and 15 in oommon stock t And 7 % stock
L ands .—The company had a land grant, of which 9 5 3 ,5 9 2 acres re
mained unsold June 3 0 ,1 8 9 9 , and 5 7 ,9 5 2 acres of the Taylor’s Falla
branch grant. In year 189 8 -99 sales from company’s grant were
4 8 ,0 2 1 acres for $ 2 0 2 ,5 1 2 , and gross cash receipts were $ 2 0 8 ,5 2 5 (of
whioh $ 3 7 ,2 2 9 from stumpage); net income, $ 1 6 7 ,4 6 7 .
L ate st E arnings .— 8 mos., \ 1899-0.Gross, $1,336,105; net, $485,842
July 1 to Feb. 28.
51898-9.Gross, 1,238,299; net, 393,214
A n n ual R e p o r t .—Fiscal year ends June 30. Annual meeting at St.
Paul second Thursday in Oct. Report for 1898?99 in V. 69, p. 903.
Nov. 1. 1989
Nov. 1 1989
To 1904
Deo. 1,1947
Jan, 1, 1913
Jan. 1, 1913
Jan "*ï,*Ï943
1930
July 1, 1918
Jan. 1, 1924
Jan. 1, 1924
Jan. 1, 1919
Apr. 1, 1928
Oot. 1, 1940
Jan. 1, 1918
Sept. 1, 1942
July l , 1943
Apr. 1, 1928
May 1. 1913
May 1. 1913
July,’00, 31
a%
July 1, 1937
T ear end. J une 30— 1899.
1898.
1897.
1896.
Gross earnings......... $1,802,330 $1,648,635 $1,564,104 $1,587,863
Op. expen. and taxes. 1,239,863 1,221,995 1,203,051 1,280,524
Neteamings......... . $562,467
Net income from RR. $594,940
do
do lands. 167,467
Rentals paid.............
134,283
Interest on bonds......
169,444
Miscellaneous...........
864
$426,640
$462,238
157,001
135,164
150,000
810
$361,053
$420,946
104,418
134,558
150,000
14,604
$307,339
$385,439
242,483
130,819
150,000
53,523
Bal. over charges.. $457,815
$333,265
$226,197
$293,580
Dividends on pref...(7)$286,796 $(7)335,307 (5)$239,505 (5)$239,505
—(V. 70, p. 126, 895, 947,1096,1250; V. 71, p. 30.)
St. Paul Eastern Grand T ru n k R y .—(See M ap Chicago <
4
N. W .)—Owns from Oconto to Clintonville, Wis., 56 miles. Leased
Oct. 30, 1884, for 99 years to Milwaukee Lake Shore A Western.
Rental 30 per cent of gross earnings, interest on bonds being guaran
teed. Lease acquired Aug. 16, 1893, by Chicago A North Western
through purchase of Milwaukee Lake Shore A Western.
St. Paul Sc Northern Pacific R y .—Merged In Nor. Pac. RR.
Salt Lake Sc Los Angeles R R .—Road from Salt Lake to Saltair Beach, Utah, 15 miles, standard gauge—see V. 65, p. 824. Stock
$150,000. In 1898 $300,000 first 6swere outstanding. Fur year ending
June 30,1899, gross, $39,190; net, $10,712,against $16,770 in 1897-98;
other income, $6,662; charges, $20,474.-7. 65, p. 824.
San Antonio Sc Aransas Pass R y .—Owns from Kerrville to
Houston, 308 miles; Kenedy to Corpus Christ!, Tex., 90 m iles; Yoak
um to Waco, 171 miles; Skidmore to Alice, 43 miles, Shiner to Lock
hart, 54 m.; branch, 21 m.; total, 687 m., all 50-lb. steel.
H i s t o r y .— Reorganized without foreclosure sale in 1893, manage
ment passing to So. Pac., whioh owns $2,000,000 stock.
B o n d s . —Mortgage is for $21,600,000 (trustee, Central Trust Co.)
and the So. Pacino Co. by endorsement on each bond guarantees un
conditionally “ the punctual payment of the principal and interest.”
Bonds for $2,700,000 reserved for extensions, limited to 100 miles
at $27,000 per mile, equipped. See full abstract of mort. in V. 56,
p. 540. Due South. Pacific Co. June 30,1899, $1,560,866; car trusts,
$40,609. Bonds listed on N. Y. Stock Ex. to Mar., 1900, $18,892,000.
L a t e s t E a r n i n g s — 11 mos. ) 1899-0..Gross, $2,013,102; net, $453,617
July 1 to May 31.
) 1898-9..Gross, 1,904,986; net, 455,805
A n n u a l R e p o r t .—Fiscal year changed in 1897 to end June 30. Re
port for year to June 30,1899, was in V. iO. p. 477, showing, gross,
$2,046,781; net, $455,664; oth. income, $29,000; interest on bonds,
etc., $850,484; taxes, $64,173; balance, deficit for year, $429,994. In
1897-98, gross, $2,021,835, net, $514,430. (V. 70, p. 477.)
San A n to n io Sc R ro w n s v llle R R .—Projected to extend from
Ran Antonio, Tex., to Brownsville, near the mouth of the Rio Grande
River, 275 miles. Stock authorized. $1,000 per mile. In May, 1900,
the Texas Railroad Commission authorized the issue of bonds at $16,069 per mile. Pres., H. M. Aubrey, San Antonio, Tex.—V. 70, p. 997.
San Antonio Sc G u lf R R .—San Antonio to Stockdale, 37 miles.
Successor in A pril, 1897, to San Antonio & Gulf Shore Ry. Capital
stock authorized, $1,000,000, issued O ct, 1898, $32,000. In Oct., 1*898,
was owned by a syndicate, few bonds had been issued, and there was
no floating debt. The Texas RR. Commission has approved the issue
of $250,000 bonds. For year ending June 30,1899, gross, $40,085;
net, $14.928; deductions, $2,939; bal., sur., $11,989. President,
George W. Breckinridge; Secretary and Treas., John A. Fraser, San
Antonio, Tex.—V. 64, p. 708; V. 69, p. 591.
Sandusky Mansfield Sc Newark R R .—See B. A O. statement
and V. 69, p. 743, 851. (V. 69, p. 743, 851; V. 70, p. 77.)
S an fo rd Sc * t . P e te rs b u rg R y .—(See M a p Sav. F l o r . & W est.)
—From Sanford, Fla., to St. Petersburg, 153 miles. Formerly Orange
Belt Railway, which was sold at foreclosure in March, 1893. Stock is
$600,000; par, $100. First mortgage is for $1,000,000 of 4 p. o. bonds,
Interest reduced from 5 p. c., of which $675,000 have been Issued, and
of these $300,000 are guaranteed principal and interest by end. of
the Savannah Florida & Western (see copy of guaranty in V. 64, p.
843.) The balanoe of the loan unissued ($325,000, Jan. 1, 1899) isdeposited w ith the Metropolitan Trust Co., New York, for improving,
equipping and broad-gauging the road. For year 1898-99, gross,
$79,526; deficit under operating, $48,560; other income, $37,870; de
ductions, $55,282; deficit, $65,972.—V. 64, p. 888.
San Francisco Sc North Pacific R y .—Point Tiburon, Cal., toUkiah, Cal., 106 miles, and branches, 59 miles. Consolidation of March
19, 1889. Has steamer connection (6 miles) with San Francisco.
Leased to the California A Northwestern Ry., incorporated in March,
1898. The S. F. & N. P. guarantees $2,000,000 Cal. & Nor. 5 per cent
bonds, to be issued at $25,000 per mile. ,V. 67, p. 370, 688, 788. Stock
issued, $6,000,000; par of shares, $100.
Bonds.—I ssued at $25,000 per mile; sinking fund, $25,000 yearly,
bonds drawn at 110 and interest. [Mortgage abstract V. 49, p. 241.1
Stock reported in Nov., 1898, owned by President A. W. Foster,
Director Geo. A. Newhall and others. V. 67, p. 1111.
L a t e s t E a r n i n g s — 11 mos. J 1899-0..Gross, $862,567; net, $296,046
July 1 to May 31.
\ 1898-9..Gross, 832,003; net, 305,876-
13»
INVESTORS’
SUPPLEMENT.
[V ol .
l x x i.
J u l y , 1900.]
K A1LR 0AD
STOCKS
AND
BONDS.
133
Subscriber, w ill confer a »real favor by giving Immediate notice o f any error «.c o v e r e d In these Tables.
r explanation of column headings, Ac., see notes
on first page of tables.
Savannah Florida A Western —S to c k .............
$100
Say. Fla. A W., 1st (consoL)M., $6,500,000.g.c*",fcr
(1884 1,000
_ d0 _
{V. 64, p. 1228) int. red. to 5 p. ot.c [545 11884 1,000
Sav Fla. A W. consol. M. ($20,000,000) «old., o 819 1893 1.000
St. John’s River Div., Is tM ., $1,500,000, g ....c
130 1899 1,000
Guaranteed Loans.
Brunswick & W. IstM . Bruns, to Albany, g, gu.o* 171 1888 500 Ac
Income bonds, non-cumulative...... ................. .
1888
Ala. Midland, 1st mort., guar. p. A i., end" ¿".".xo Ì75 1888 1,000
1,000
Silver Springs O. A G., 1st M., Tnt. guar , g f . c*
74 1888 1,000
Florida So. 1st M., $5,000,000,g.,gu.f 4% aft. ’99
1895 1,000
Sanford & 8t. Petersb., 1st mort., g., guar., end..
1894
Schenectady A Duanesb.—1st mort., interest guar.
14 1874 100 Ao
S chuylkill A Juniata—Stock, $17,600,000.. ..
50
No. A West Branch Ry., 1st mort., $1,500,000». "48 1881 1,000
Sunb. Haz. A W ilk., 1st, Ser, A, drawn at 100. c
43 1878 100 Ac.
2d mortgage, income.................................... o&r
43 1878 100 Ao.
Sun. & Lewis., 1st M , $600,000, p. A i., g.GnPo*
56 1896
Pennsylv. Schuylkill, 1st M., (owned by Pa. RR.) 101 1885 1,000
1,000
New mortgage.......................................................
1900
Schuylkill A Lehigh—1st M., guar, by Read’g Co” .
43 1898 1,000
Schuylkill Talley Navigation A RR.—Stock
50
Seaboard A ir Line R y.—Stock, com., $37,500,000."
100
Preferred stock, 4 p. c.. non-oum., $25,000,000..
100
New mort., $75,000,000, gold -V . 70, p. 793......
190Ò
Loan certificates (see text) ........................
_
-
*O ld Loans .
Carolina Central old bonds, non-assented........
'1st consol.M.,$3,000,000,gold, gu.p.A i.end.F
Durham A Northern, 1st mort., $150,000...........
Bonds—
PrinclINTEREST OR DIVIDENDS
Amount
pal, When Due.
Outstanding Rate per When Where Payable, and by Stock»—Last
Cent. Payable
whom.
Dividend.
$9,432,900 2 Jan.’99 Jan. N. Y., Oft., 12 W. 23d St Jan. 15,’0 0 ,lie
4,056,0« H)
««• A. A O. N. Y .r do A Savan Apr. 1, 1934
2.444.000
A.
O.
do
do
Apr. 1, 1934
K g- M. A N.
7.086.000
A
do
do
May 1, 1943
1.350.000
i f J. A J.
July 1, 1934
3.000.
000
J. A J.
do
do
Jan. 1, 1938
3.000.
000 i e•
„ „ None paid.
2.800.000
m " a " . N. Y ., Metropol. Tr. Co, Irredeemable.
n
Ì g J. A J. N. Y ., 12 W. 23d St. Nov. 1, 1928
<
1,120,000
July 1, 1918
A g* J. A J
4.241.000
New York City.
Jan. 1, 1945
A g- J. A J.
1(300,000
Jan. 1, 1924
500.000
6 g' M. A S. N. Y ., 21 Cortiandt St. Sept. 1, 1924
12,000,000
Phila., Broad St. Stat’n.
1.500.000 ” e” M. A S.
do
do
Sept. 1. 1901
1.000.000
5
M. A N.
do
do
May 1, 1928
1.350.000
6
M. A N.
do
do
May 1, 1938
500.000
A g. J. A J. N.Y.,Am.Ex.N.Bk.APh. July 1, 1936
5,000,000 (5)4
J. A 1>.
Deo. 1, 1935
(!)
600.000
4
M. A N. Phila., Phil. A Read.RR, May 1, 1948
576,050
5
J. A J. Phila., Read’g Term’l. July 13/00,21*
See text. To be in voting t rust,
See text. To be in voting t rust.
See text.
4 g.
New York.
1950
3.400.000
By 1902
115,233
6
J. A J. Balt., Mer. Tr. A D. Co.
1920
2.847.000
J. A J. N. Y ., Farm. L. A T. Co.
*100,000
6 * M. A N. Balt., Mer. Tr. A D. Co. Jan. 1, 1949
Nov., 1928
81-’94 1,000
1898 1,000
1888
jr Note .—There are $475,000 additional 4s ung uaraniteed.
.Excluding some amounts acquired by the Willllams Isyndicate and to be deposit ed under
267
42
A nnual R eport.—Report for 1897-98, in V. 67, n. 1 3 5 4
showed
gross, $839,963; net, $3 0 9 ,7 8 3 ; charges. $228,048; baL, surplus M l
785. In 1898-99 gross, $921,015; net, $346,736. (V. 71, p. 136.) 1
n.5a iiiF ra n c I* co.,& s,an Joaquin Valley R y .—Owns Stockton
oonnBottug by water with San Francisco, southerly to
mUel ; al8°bm pline
Fresno through Visalia and
Tulare to Corcoran Junction, 69 miles; also. 8tockton to Point Rich
°fn San
A
’ 0PPosite San Francisco, 70 miles; com
pleted in Apr., 1900. V. 67, p. 842; V. 69, p. 649; V. 70 p. 738 8 1 7
InJ^ec., 1898, the Atch. T. A S. F. acquired practioally all of the
+1a+^8e5. tbe 1
Jne a5 ^ Part of its through system from San Fran
8 ^ v “ r p . ! S ‘ i T v . T l , V I ? ° - T ' 67' r ' 1261- s e e v . 67 ,p
Securities .—Stock $6,000,000; issued to October, 1898, $2,474 800
be
at 110- EARNiNGS-For year ending June
solidated mortgage.
®an{ord>Fi a., and branch (part of former Jacksonville Tampa
A Key West, purchased under foreclosure Apr. 4,1899) 1 3 0 m ilastotal owned; 856 miles; leases 33 miles. Operates Sanford A Lake
Eustis Ry., Sanford to Tavares, 29 miles, part of former Jack Tam A
£ e ^ 8t\ 8 noe*
£
24 1899, under an a ? r^ g lie n “ with the r e ^ i*
ex terminable at 30 days’ notice, the S. F. A W. receiving all the earnM Q Pf/hjK expenses of operat’n and main’e. Total mileage, 918.
a“d
In 1900 sold steamship line.—V. 70, p. 1292.
* ’
Plant System . —
This road belongs to “Plant system.” which is d«®°Libed under that title. April 1,1893, the South Florida was consoU
Savannah Fhjrida A Western. In 1894-95 purchased oontool of Florida Southern, 247m., and Sanford A St. Petersburg. 152 m
The main line <)f the Jacksonville Tampa A Key West, 130 miles
wa.8 purchased at foreclosure in 1899, in interest of system, giving a
through line from Tampa to Charleston via Jacksonville. V. 68, p. 672.
Stock.—The stock is all held by the Plant Investment Co.
” 6t’
H
^f8toon8° 18 of 1884 ($6,500,000 authorized) are a first
F?nr ^s+4| aI n ItH at £bout
2,000 per mUe, $464,000
A
non* So. Georgia been paid 2d 7e,aturity 6,1899. V.1899,p.and
cZ. ¿1avl°8 A Florida at m Sept. Jan. 15, So. Ga.86
“ iie8; ^ook, $510,000; par of shares, $100. Bonds. $565;000 1st
68.
geid 4s, dated 1894, due 1923, interest J-J, and $250,000 2d mort. 4s f200’°°6
1895, d~?
a
interest J-J, Farmers’ Loan A Trust Co. V. 64, p. 954,1228. Of the $20,000,000 consols of ’93 sufficient ar«
New York, Trustee. Theo. Bruback, Gen. Mgr., Salt Lake City, Utah n f 't7 «
ed*T>rooInnn1St. ,:rn
5
«?rii lleilt>1 n d betterments extensions! etc!
a
Of thejBLSOO.OOO 1 J<>hns’ River Division 1st 4s (City Trust Co. of
F e * 5fra n d C anyon R R .-T o extend from Williams, N. Y., trustee, covering the line from Jacksonville to Sanford, $150 Ariz., at a connection with the Atch. Top. A Santa Fe, to rim of Grand 2 2 2 * ar®reserve«! for improvements, branch lines, etc., at $50,000 per
Canyon, 70 miles, of which Williams to Anita Camp, where large cop year. They are subject to call at par to Jan. 1 ,19o5. V. 69, p. 132.
Poi^nino® have been developed, 50-42 miles was operated in Mai?
i
’89. ’90. ’91. ’93. ’94. ’95. ’96. ’96 to ’98. ’99 ’00
1900, and remaining 19 miles expected to be operated by June 1 1900
Since’86, %\ 2 4 0 2 3*2 6 4 2
0
2 l i*
Also projected further 40 miles to coal fields, stock. $2,000,000 all
outstanding; par of shares, $100. In July, 1900, application made for
L atest E arns.—11 mos., ( 1899-O.Gross, $4,075,697; net, $1,114,606
July 1 to May 31.
( 1898-9.Gross, 3,617,100; net, * 817,439
™ f e byT
on^Toi)?lin & ®anta Fe>as holder of $3«'0,000 bonds
President, L. W. Goode, 11 Broadway, New York. (V. 7 0 , p. 329.)
Report.—Statement for 1898-9 was in Y. 69, p. 1059.
Santa Fe Prescott & Phoenix R y .—Owns Ash Fork on Kant»
Tr.end. J une 30— 1899.
1898.
1897
1896.
foo Pa.?lflo (Atchison system), via Prescott to Phoenix, Arizona Gross earnings.... $3,9 «2,196 $3,642,058 $3,260,342 $3,267,365
miles; opened In March, 1895. P, A E. Jet. to Mayer, Ariz., 26-4 Net earnings......... 1,022,676
926,736
834,614
740,200
1 charterof Prescott A Eastern, was completed in Oct., Other incom e........................
144,629
129,517
176,984
1898, and is leased for 99 years and its $375,00«» bonds guaranteed to
° st of oonstructIon. Extension of main line to Glooe via
Total income . . . $ 1 ,0 2 2 ,6 7 6 $ 1 .0 7 1 ,3 6 5
$ 9 6 »,131
$ 917.184
p+°??s < iri Jaly, 1899; also branch line to Ingleside Interest and taxes. 8 5 8 ,9 6 5
e^
8 7 4 ,7 1 1
9 0 1 ,8 0 0
9 0 6 ,2 8 3
a^ L probl!ibi^ ./a4/er i'0 ® 68®, via Tempo. V. 69, p.552. Stock, $7,904,000
®
1 onie r°m$is ?a? e*®mpt by legislative enaotmentfor 20 years from
^ r§ } ? 8 , » v ,
- $ 1 6 3 ,7 1 1
$ 1 9 6 ,6 5 4
$ 6 2 ,2 3 1
$ 1 0 891
nnohe intere8t charges on 1st mortgage bonds amount to -(V . 69, p. 8 2 ,1 3 2 , 9 5 6 ,1 0 1 3 , 1059; V. 7 0 . p. 77, 2 3 1 , 1292.) *
$247,000 per annum, after payment of which the surplus eamines
Schenectady & D a im e s b u rs .—From Quaker Street Junction,
“ aybeused for improvements etc., as provided in ac o n tra ctw ith
Schenectady, N. Y., 14 miles. Leased in perpetuity to the
the 2d mortgage bonds under which substantially all of the 2ds have S ', i
been deposited with the Central Trust Co., N. Y„ against its certifi Del. A Hudson Canal. Rental, $30,000 per year. Stock, $100,500.
cates of beneficial interest. 8ee official statement to N. Y. Stock Ex i
Philadelphia to New Boston, Pa.,
change on listing of $4,940,000 1st 5s in V. 68, p. 326.
BaWiikesbarre to Sunbury, 64 13 miles; Sellnsgrove to
a
’
L a t e s t E arnings. - 1 1 m s.,) 1899 O.Gross, $909,137; net, $571,608
44;74 miles; branches, 79 15 miles; total, 289 32 miles. A
July 1 to May 31.
5 1898-9.Gross, 795,089; net, 375,403 rT
K T w M .y, 1900, per plan V. 70, p. 842, of the Nescopeo
V^Jth A West
r ar„ ,?ds, J remarks,Report for 1898-9 was in V. Sunbu^ Hazleton «branch Ry., Pennsylvania Schuylkill Valley RR.,
e
,une 30:
fe Wilkesbarre Ry. and 8unbury A Lewistown Ry.
o9, p. 538, 551; see also editorial
p. 517.
cont-oiled by Pennsylvania RR., which owns the
T ears ending June 30—
1899.
1898
1897.
entire $50,000.000 Pennsylvania Schuylkill Valley 5s. The stockhold
$764,124
Gross earnings........................... $875,288
$656,188 ers were to vote July 24, 1900, to lease the road to the Penn. RR.—
V.
Operating expenses.................... 455,285
365,270
313,064 4 * p\ii**®* No n8W boads issued June 23, 1900. President, Samuel
Per cent of op. exp. to gross...... 52-02
47-80
47-71
Rea; Treasurer, Robert W. Smith.—V. 70, p. 895, 997; V. 71, p. 136.
Net earnings......................... $420,003
$398,854
$343,124
5,e lliSl1
Total net income...................$430,957
$399,416
$343,124 }^g’1Pa-’.t0 Slatmgton, Pa., 1114*—Owns from High’s Farm, near Read43 miles. In 1883 leased to Phila. A ReadRental of P. A E. RR................. 11,829
Interest on bonds, etc............... 395,257
nS
J®a™ and in 18h6 lease assumed by
A Reading
365.560
338,321 xiy. Rental, $27,000 per annum. Reading owns the Phila. ($600,000).
stock
Balance, surplus............... $2 3 ,8 7 1
«cm
$4,803
A Ittt .- P o r t Carbon to ReevesF. M. Murphy, Pres., Prescott, Ariz.—(V. 69, p .2 8 1 ,5 3 8 , 5 5 1 ?
i 1 miles; 2d track, 5 miles; branches, etc., 8 24 m.; total track,
T ak^p w m isr v a?n F i a c Id
l
Owns from Saranac Lake to r
leased July 25,1861, for 999 years to Phila. A Reading RR.
Lake Placid, N .Y ., 10 miles; operates under contract N. Y. Central”
in 1?96 by Phila. A Reading Railway Co. Rental
?«Q«n?AQoÌ'^I1 Ì 1
Ì ’i4l^+Inile8’
°Perated, 15-6 miles. December 19, $29,450, which pays 5 p. o. on stock and State taxes.
jM$®5/i^,ased to Chateaugay RR. and Chateaugay Ore & Iron Cos.
< rd T .r L in e R y . —(S ee M a p .)—This company owns a
fa
'0
jointly for 17 years, and Interest on bonds reduced from 6 to 5 p o •
p,om ^ h“ ond; Va-«
Atlanta, Ga., and Ja-ksonville and
rental 35 percent of its gross receipts and one-half net profit &om
transfer business at Lake P laoid-at least $7,200—to pay 5 per cent JLampa, Fla., with brinches to Rutherfordton and Wilmington, N. O .
etS;’ oomprising in all about 2,540 miles. Under agreed
interest on bonds, which interest is guaranteed jointly at 5 p. c. to and
y*"h the Pennsylvania R t. through oar service has been estab
including Nov. l, 1913, by endorsement. Stòck, $250,000 (par $100 )
D ividends.—In 1893, 3 p. e.; in 1894, 2 p. c.; in 1895 2 d c - none sine« lished between New York, Philadelphiaand Washington andtheSouth.
to Apr., 1900. For 1896-97, gross, $17^ 31.-(V ; 64, p. 182.)
1900 of various “Seaboard” lines
V*
_ » a ra
^ Schenectady.—From Saratoga to Schenectady, 21 l ^ e/ov,iQ u ’ P-.?07)* including those whose securities are shown in
iQ o n ih t a?®ve,,<?be Richmond Petersburg A Carolina, etc. In July,
miles. Leased in perpetuity in 1861 to Rensselaer A Saratoga and
i bK^,ons/ )1t?.atloii bad been completed, the new connecting lines
lease assigned to Del. A Hudson Canal, by which it is oDerated
Rental, $31,750 per year. Stock, $450,000. Dividends, 7 p. o yearly‘ “^oSds” b e lo w o -v fT O .^ fy g ^ mortgage havlng been med (See
.P
^ aJ?ÌÒiSt^ l Ì t^ 1 B rid g e .-O w n Sault Ste. Marie Bridge, includ
'le
™l>
1
a v i™ !2 ati o ^ i0f
tra«k- The Canadian Pacific Duluth South *Q i 3K'-uf t*ock1 autb°rized $62,500,000, of which $25,000,000 pre„J
Shore A Atlantic and Minneapolis St. Paul A Sault Ste. Marie RR. cos anail3 « A^-8tiapAing capitailzation to be about $ 2 8 ,1 8 2 ,6 5 0 common
$. 6,45o,100 preferred stock.
agree to pay for use of bridge an amount equal to operating expenses
and interest and sinking fund of debt. Mortgage, $1,000 OOO-sinkinc
™nfi.tbe nw bonds (Continental Trust Co., Baltimore, trustee,)
W
fund. So,500 yearly. Stock. $1,000,000 For year 1 98-98 gross $15’000’000 have been issued, $16,644,000 are held in the treasury,
earnings, $64,394; net, $51,512. in 1897-98, net, $51^321
*
onn f $4»
000«‘°.0 to Pay off the two-year loan certificates, $3^<
f S
i 4? acquire bonds of companies forming part of the
Savannah Florida A Western R y .—(See Man ) _Savannah.
Ga., to Tampa, Fla., with branches to Bainbridge a ^ 'A lb ln v Ga ^ « ^ ¿ ? l i ’?00,00018 ^suable only after July 1, 1903. fur additional
and Jacksonville, Chattahoochee andGainesville.Fla; alsoJackson- properties, improvements, extensions, etc., at $1,500,0«>0 for four
years, and ther< after at $1,000,000 per annum. Pending the aequisi-
134
INVESTORS’
SUPPLEMENT,
[VO L, L X X I.
1
I
INTEREST OR DIVIDENDS.
f
RAILROAU».
Miles Date Size, or
Amount
Par Outstanding Rate per When IWhere Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
Seaboard A ir L in e B y. —( Concluded) -
5 g. J. & J. N. Y., 32 Liberty St. July 1, 1918s
Florida Cen. & Pen. 1st M. $5,226 p. m., gold .0* 5 7 5 1888 $1,000 $3,000,000
Jan. 1, 1930
do
do
415,000
5 g. J. & J.
2d M. (1st on ext., 92 m.) $5,226per m., gold..©* 666 1890 1,000
Jan. 1, 194S
do
do
4,372,000
5 g. J. & J.
780 1893 1,000
Consol.M.,$7,800,000 ($10,000 p.m.), gold.G.c’
1,000
A. & O. Merc.Tr.A Dep.Co.Balt. Apr. 1, 1941
2,033,000
5 g.
South Bound 1st M.,gold, int. rental.M e Ba.e* 136 1891 1,000
2,483,000
5 g* A. & O. N. Y ., 32 Liberty St. Oct. 1, 1945*
383 1895
Qa. & Ala., 1 st M .,pref., g.,red.at 105 aft. 5yrs.e*
Oct. 1, 1945
do
do
2,922,000
5 g. J. & J.
1st mort., con., $10,000,000, gold (See text).. 0 ' 383 1895 1,000
5,360,000
5 g- J. Ac J. Balt., Mer. Tr. & D. Co. July 1, 192»
Ga. Carolina & Nor., 1st M., g., guar.Me B ao*.. 268 1889 1,000
Jan. 1, 1926
do
do
1,000,000
6
J. & J.
Raleigh & Augusta, IstM ., guar. p. & i.. R. & G.o* 107 1886 1,000
Jan. 1, 1947*
do
do
1,200,000
1897 1,000
5 g- J. & J.
Raleigh & Gaston, 1st m ort, $1,500,000, gold..c
1917
do
do
32
A. & O.
69,000
6
1887
Roanoke & Tar River, $260,000.....................
July 1, 1926
do
do
J. & J.
2,500,000
5
81 1886 1,000
Seaboard & Roanoke—1st M. $2,500,000 .... c &r
do
do
m
6
F. & A.
292.000
1886 100 A .
Debent. $690,000, to be secured by any 2d M .r
625.000
Car and equipment trusts.............••••••■ ••—
Apr. 1, 194»
Philadelphia.
350.000
~66 1898
5 g- A. Ac O.
Sea Coast—Prior lien mortgage ($350,000) gold....
Apr. 1, 194»
do
150.000
5 g. A. & O.
66 1898
General mortgage, series A ($150,000), gold......
Apr. 1, 194»
600.000 See text.
66 1898
General mortgage, series B ($600,000), g o ld .....
1,000
M. & N. Phila., Phil. &Read.RR. May 1, 1912
1,000,000
5
31 1882
July 1, 1925
do
do
1,000,000
31 1890 1,000
6 g. J. & J.
2d mortgage, gold..
F. & A. Phila., Broad St. Stat’n Aug., ’00, 3%.
50
869,450
6
36
July 1. 1901
do
do
7 g. J. & J.
36 1871 500 &C. 2,000,000
Mar., ’00, 3%.
Sharon, Pa.
M. & S.
50
464,600
6
16
164.000
4*3 g. J. & D. N. Y., Farm. L. & Tr. Co. June 1, 1919
16 1889 1,000
1st mortgage, gold.
In 50 years.
1,000
800.000
6 g. J. & J.
870,000
6 g. A. At O. Crocker-W oolworth Bk. Apr. 12,1937
58 1897 1,000
1915
F. & A.
300,000
6
(1)
31 1895
S ierra Valleys —1st M. (Cal. Safe Dep. Co. tn
1,107,000 4 (6) g. J. & J. N. Y ., 12 West 23d St. July 1, 1918
74 1888 1,000
Silver Sp. Ocala £ Qulf—1st, 1. gr. ($15,000 p.m.)g.c’
July 1, 1917
J. & J. Boston At Oakland, Me.
225,000
5
42 1887 500 &c.
4 g. J. & J Boston, Nat. Shaw. Bk. July 1, 1950
42 1900
(?)
New mortgage, $420,( 00, gold..................•
1,000
1,092,000
4 ^ g. M. & S N. Y ., i'ontin’1Tr. Co. Mch. 1, 1929
So.Oar. £ Qa. Exten.—1st M., $1,800,000, g.C o..c’ 182 1899
1,000
5,250,000
5 g. M. & N N. Y ., J.P.Morgan At Co. May 1, 1919
Smith C arolina £ G a .- 1st M. $5,250,000, g.Ce..o’ 242 1894
Deo. 1, 1924
do
do
400,000
5 g. J. & D
81 1894 1,000
Augusta Southern 1st mort., gu. p. Ac i. end., g.c
Apr. 1, 1919
100,000
5 g. A. & 0
*
16 1899 1,000
Burnt. & Wateree Riv. 1st M.,$100.000,g., gu.N.0*
tne Riant investment company [see oavannau riu n u » « hottoiuj,
tion of the railroad properties themselves, the stocks and bonds of |
existing companies are pledged under the mortgage. Under the plan Interest on the $1,120,000 bonds outstanding reduced from 6 to 4 per
of consolidation the total amount of bonds outstanding w ill be about cent, and guaranteed by endorsement. Stock, $1,500,000, par $100. The
first mortgage is limited to $3,000,000, but no more than $1,120,000*
$19,000 per mile.
,
.
The loan certificates, redeemable in two years or sooner at the op can be issued on 74miles; $13,000 bonds redeemed, leaving $1,107,000’
outstanding in July, 1900. Land grant 13,840 acres per mile, of which»
tion of the managing trustees, were issued pending completion or con
mortgage covers 4,000 acres per mile.
solidation, etc., to take up loans by financial institutions and others.
y rjQ p g^2
Eabnings.—11 months, 5 1899-0..... Gross, $260,987 ; net, $153,486
July 1 to May 31.
(1898-9_ Gross, 272,626; net, 163,623
_
E arnings.—The earnings of the combined properties for the year
ending Mar. 1,1900. exceeded $9,450,000; net earnings above taxes
For 6 mos. ending Deo. 31,1899, net, $80,610; other income, $1,165;
were over $2.660,000; fixed charges, including interest on all out interest on bonds, $22,240; balance, surplus, $59,535.
standing bonds, approximately $1,460,000; 8nrplus,_$l,200,000, in
Year ending June 30,1899, gross, $300,941; net, $182,060; in 1898,
terest charges on new 4s to be Issued w ill be about $ 7 0 0 ,0 0 0 , leaving gross, $221,211; net, $116,451; other ino., $6,061; charges, $59,300.—
$500,000, or about sufficient to pay 3 per cent on the new preferred V. 70, p. 1292.
stock to be issued, without making any allowance for 200 or 300 miles
Silverton R R .—Owns Silverton,
of new road opened or about to be opened in A pril, 1900. V. 70, p. July, 1899, Alexander Anderson was Col., to Ironton, 22 miles. In
appointed receiver.—V. 69, p.
793, 842, 895, 947, 995,1096,; V. 71, p. 30, 85.
132. Stock, $350,000; par, $100. Bonds. $425,000 1st gold 20-year
Seaboard Ac Roanoke R R .—(See M ap.) -Portsmouth, Ya^to Wel 6s, dueOot. 1, 1908. Year 1898-99, gross, $10,885; net, $1,899; in
don and branoh, N. C., 81 miles; leases Roanoke Ac Tar River RR. 33 m. terest and taxes, $27,120.—V. 69, p. 132.
The controlling interest in the Raleigh Ac Gaston Railroad, 110 mnes,
Som erset R y .—Owns road from Oakland to Bingham, Me., and
the •Raleigh & Augusta Air Line, 136 miles, and Carolina Central. 273
miles; Durham Ac Northern RR., 42 miles; and the Georgia Carolina Ac branch, 42 miles. Road opened in 1890. Capital stock is $736,649
(par, $100). Of the 4s of 1900, sufficient w ill be reserved to retire theNorthern, has been transferred to the new Seaboard Air L'ne Ry. Co.
H is t o r y .—In Jan., 1899, a syndicate headed by John L. Williams & old 5s at or before m aturity, balance to retire floating debt and for
Sons, of Richmond, purchased the stock held in the Hoffman po°i> additions and improvements.—V. 70, p. 1096.
E arnings.—Year 1898-99, gross, $80,195; net, $25,384; charges,
amounting to $832,100 (see V 63, p. 715, 795, 924) at $200 per $100
share. See Seaboard A ir Line Ry.
_ $15,027; balance, surplus for year, $10,357.—V. 65, p. 568; V, 10, p..
St o c k .—Stock, common. $1,144,200; 1st 7 p. o. pref., $200,000; 2d 7 895,1096.
I», o, pref , $44,200. Dividends on common Nov., 1890, to May, 1892,
Soutk B ro o k ly n R R . Ac T e rm in a l.—V. 70, p. 126.
7 p. c. per an.; 1892, 3; 1893, 2 p. o.; 1898, 2*«; in 1898-9, 2** p. c.
Soutk Carolina Ac Georgia Extension R R .—Owns Camden,,
B onos . -The debentures after Aug. 1,1916, are payable at will.
A nnual R e p o r t .—For 1897-8 in V. 67, p. 948, on road proper, 114 m.: S. C.,to Marion, N. C., 171 miles; Blacksburg to Gaffney, S. 0,. 10Mi m.
Organization .—A reorganization in Sept., 1898, of the Ohio R iver
* Gross.
Net.
Charges. P ref.div. Balance. & Charleston foreclosed. V. 67, p. 635. In May, 1899, a sale of the*
1808-9................. $1,108,873 $454,513 $419,298 $17,094 §$18,191 stock and bonds was arranged to a syndicate and the road w ill be
1897-8.................
984,352
418,120 331,949 17,094 69,077 operated independently.—V. 68, p. 873. Stock, $500,000. I t has been
N o t e .—Includes other ino., $130,190 in ’98-99; $114,787 in 1897-98’ proposed to extend the road northerly to Clifton and Spartanburg.
In year ending 1896-97, gross, $190,572; net, $28,844—V. 68, p. 979.
§ Also paid 2 ^ p. c. on common stock, $28,605, in 1899.
President, John Skelton Williams, Riohmond,Va.—V. 70, p. 7 7,1 2 6.
Soutk Carolina Ac Georgia R R .—(See Map Southern B y .)-Charleston. S. O., to Augusta, Ga., with branches to Columbia, S. O.,
Sea Coast R R .—See Supplement for April, 1899.
Seattle Ac San Francisco R y . Ac Navigation.—Or g a n iza tio n . etc.; total owned, 242. Leases Augusta Southern Ry., Augusta to
—Incorporated in March, 1899, to own 1,931 acres of coal lands 25 Sandersville, etc., 81 miles. Total system, 323 miles. In Oct., 1899,
miles southeasterly from Seattle, Wash., 24 acres of terminal and dock the Sumter & Wateree River Ry., 16 miles, was completed.
property at Seattle, etc.; also steamship lines and 35 miles of railroad
H istory , E tc.—A reorganization in May, 1894, of the old South Car
under construction. V. 68, p. 929. V. 69, p. 386, 852.
olina RR. per plan given In V. 58, p. 867. In April, 1899, control was
Stock, $3,000,000. Bonds, $1,500,000 1st 40 year gold 5s,dated Apr. acauired by the Southern Ry.. which leased the road, including the
1,1899, int. A-O at Metropolitan Trust Co., N. Y., trustee; $700,000 Aim. Southern, for 30 years to May 1,1929. Under the lease the
issued. See fu ll particulars in V. 69, p. 182, and advertisement m Southern agrees to apply the net earnings of the road towards thq.
Chro nicle of July 22,1899. President, John Leary,—V. 70, p. 633.
payment o f operating expenses, interest on bonds, car trust obliga-v
S ekasticoo k Ac M oosekead R H .—V. 68, p. 1078. On June 24, tions, etc. The Southern may, at its option, meet any defloien cy, re
ceiving in return certificates of indebtedness payable on demand.—
v
1899» A., B, Thompson, of Pittsfield, Me., was appointed receiver.
Y. 68, p. 873.—See also V. 69, p. 390.
S lia m o k ln S u n b u ry Ac L c w is b u rg R R ,—Carbon Run Jet. to
St o c k .—Stock $5,000,000; outstanding $3,622,500, mostly owned*
West Milton, Pa„ with iron bridge over Susquehanna, 31 miles; seoond
track, 15 miles; total of all track, 58 miles. Leased to Philadelphia & by Southern Ry. Cartrusts June 30,1899, etc., $100,228.
A nnual R eport .—For 10 mos ending Apr. 30,1899, gross, $l,237,rRftjuTfug r r . July 2,1883, for 999 years at 6 per cent on the stock,
and lease assumed in 1896 by Philadelphia & Reading Ry. Used, for 609- net, $399,899; other income, $4,139; total deductions, $321,486l
coal traffic northward. Stock, $2,000,000 (par, $50) ownedby Reading bal., Bur., $82,552. Report for 1897-8 given in V. 67, p. 1106.
Co., of which $1,995,000 is deposited under mort. of ’97. (V. 51, p. 21.)
Y ear end. J une 30— Gross.
Net.
Int. £ taxes. B al., surp.
... ...:...$1,355,306 $484,887
$352,691
$132,196
S h a m o k in V a lle y Ac P o tts v ille R y .—(See Map Pa. B B .)—Sun- 1897-98
438,994
326,787
112,207
bury, Pa., to Mt. Carmel, Pa., and branch, 37 miles. Leased Feb. 27, 1896-97. i ................. - 1,216*484
1863, for 999 years to the Northern Central Railway Co., with a guar
Earnings since lease included in those of Southern Ry. Pres., Samuel.
antee of taxes, interest on the bonds and 6 per cent on the stock, of Spencer; Sec., Josiah F. H ill, 80 Broadway, New York —(V. 69, p. 82. >
which $619,650 is owned by the Northern Central. Pennsylvania RR.
Soutkern Indiana R y .—Terre Haute,
owns $464,000 7 per cents and $341,000 additional were held by the trackage. Westport to Greensburg, 13 miles,Ind., to Westport, 150 m.; .
and Elnora to.Washing
Northern Central Ry. Co. to cover the depreciation of coal lands.
ton 19 miles; operates Bedford Belt Ry., Bedford to Oolitic, Ind., 4 m.»
Sharon R y .—Owns from Sharon, Pa., to Pymatuning, Pa., with and’branches, 6 miles,under perpetual contract, on which all the earn
branches, 16 miles in all. Leased till April 30, 1982, to New York ings above interest on $350,000 5 p. c. bonds go to Southern Ind.R y.;
Pennsylvania & Ohio (now Nypano RR) at rental which pays interest on total 192 miles. Included in above is extension from Elnora to Terre
bonds and 6 per cent on stock. Rental in 1898-99 was $37,101.
Haute. 48 miles, of which Elnora to Linton, 12 miles, opened Jan. 22,.
1900 and balance to be opened about August, 1900.. A reorganiza
Skore Line Ry. o f New B r n n s w ic k -V . 71, p. 136.
tion of Evansville Ac Rich. RR., foreclosed Mar., ’97.
Skreveport Ac R ed River Valley R y .—Shreveport, La., to
S e c u r i t i e s , E tc.—Stock, $1,500,000; par, $100; all issued. Bonds,
St. Maurice, 75 miles, completed in May, 1900. Extension from St.
Maurice to Colfax, La., 25 miles, was expected to be completed about are subject to call after June 1,1908, at 105. See ady. iir Chronicle
of Sent 16,1899. On A pril 30,1900, there were $177,138 equipment:
July, 1900. Stock, $800,000 authorized. President, Wm. Edenborn,
notes maturing during the next three years. F ot year ending June 30,
Chicago, 111.
gross, $313,575; net, $121,817; charges, $74,356; surplus, $47,Sierra R ailw ay (of California).—Owns road from Oakdale, 1899,President is John R. Walsh; Secretary, O. F. Weinland, 204 Dear
on line of Southern Pacific, to Carters, Tuolumne County, 58 miles. 461.
Opened November 10, 1897. Branoh, Jamestown to Angel’s Camp, born St., Chicago, 111.—V. 69, p. 591.
Soutkern Missouri Ac Arkansas R R .—Owns from Cape
19 miles, under construction, was to be completed Jan. 1,1900. Stock
authorized, $5,000,000. Seoond mort. income bonds $15,000 per mile. Girardeau. Mo., to Hunter, Mo., 94 miles; leases, branch, 9 miles.
Year ending June 30, 1898, gross, $103,035; net, $14,545. President, Stock, $l,000,o6o; outstanding, $889,000; par $100. A reorganiza
tion for plan in V. 68, p. 233, of the S t Louis Cape Girardeau & Fort
A. Poniatowski; Secretary, John M. Bonner, San Francisco, Cal.
Sierra Valleys R R .—Plumas to Clairville, Cal., 31 miles. Exten Smith Ry., sold under foreclosure on May 1,1899.—V. 68, p. 872.
B onds. Etc .—Of the new first mortgage bonds $600,000 bear 5 p. 0 .
sions reported proposed in Feb., 1899. Stock, $945,000; par, $100.
Pres., Henry A. Bowen; Secretary, Wm. S. K ittle, San Francisco, Cal. interest from July 1,1899, and the remaining $400,000 for five year*
are to be non-cumulative ineomes, but thereafter entitled to o p. o«
Silver Springs Ocala Ac G ulf RR.--See M a p Sav. F lo r . & W est.
_Ocala to Inverness, with branch from Gulf Juno, to Homosassa,74 fixed interest. The voting trust was terminated in 1900. For year
miiAa. in January, 1893, a controlling interest in stock was acquired by ending May 31, 1900, gross, $154,596; net, $45,452. President, New-.
Ju l y .
1900.]
RAILROAD
STOCKS
AND
BONDS.
13 5
136
*
IN V E S T O R S ’
SU PPLE M E N T .
[Y ol. L ZX L
July, 1900.]
RAILROAD
STOCKS
AND
BONDS
137
138
INVESTORS’
SUPPLEMENT.
[Vol. LXXI.
Subscribers w ill confer a great favor by giving Immediate notice of any error oiscovered in tbese Tables.
Bonfis—
Princi
i N I HiR r.ST OR DIVID E N O S.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
Par Outstanding Rate per vVhen Where Payable, and by Slocks—Last
of
For explanation of column headings, &o., see notes of
Dividend.
1 /ent.
Payable
whom.
Road. Bonds Value.
on first page of tables.
189
189
Consol, mortgage (for $10,000,000), gold, guar.e* 189
South’ n In d ia n a —1st M., gold, $l,500,000.EC ..c* 150
Southern M issouri « A rkan sas—Stock, $1,000,000
6
94
1st mortgage, $600,000 5 per cent.......................
94
do
$400,000 income, 5 years...... —
104
South P oe. Coast—IstM ., g..gu. (s. f. 1912)..... F .c
Southern P acific OOMPANY—8took($200,000,0o0)
Col. trust mort.,gold, sub.to call at par. CJn..o*&r
Steamship 1st mort. bonds, Ser. A, $3,000,000...
South. Pac. o f A rizona—1st M, ser. A, gold, guar.. c&r 392
do
do
Series B, gold, guar...... c&r 392
Southern P acific B B . —Stock, $129,455,000 auth...
411
( 1st Miseries A,gold') land grant..o '
«finallV J Series B. gold..........( sink’g fund.c
1,045
I Series C & D, gold., f not subjeot.c
secured. ^gerieB e & F, gold.. I to ca ll... .c .
S. Pac. Br. 1st M., g., s.f., $50,000 in 1897, not dr’n 187
So. Pac. gen. mort. ($38,000,000), gold......... o*&r 1,587
26
Stockton & Copper. 1st M., g. (guar, by C.P.). . —
1st cons. M., guar., gold, s. f. not d rn ...,........o*&r 1,982
do g.,gu.,stp. subj.to call 1071 aft. 1905.o*&r . . .
«,
B onds a s su m e d in Co n solidation of 1898.
79
California Pacific. 1st mort., gold (ext’d in 1887)
2d M., gold,gu.p.&i., end. by Cen. Pac., ext. in ’91 114
3d M.. gold, guar.by Cent. Pac. ($1,000,000are 3s) 114
Northern By. (Cal.), 1st mort., int’st guar., gold. 149
Cons. M. ($21,000,000), g., 1st M.on 225 m.e*&r 373
54
Northern California, 1st mortgage, gold.............
Southern P acific o f New Mexico—1st M., gold.. .c&r 167
So. <6No. Alabama —lstM.,s.f.not clr’n; guar.byL.&N.
2dmort. gold, s. f. *2,000,000 (owned hy L. & N.)
£709,400
1873 £200
1880 $1,000 $2,000,000
4.451.000
1886 1,000
1.500.000
1898 1,000
100
889.000
500
300.000
1899
500
400.000
1899
5.500.000
1887 1,000
100 197,832,148
1899 500 &o. 28.818.500
2.858.000
1891
6,000,000
1879 1,000
1,000
4,000,000
1880
100 100,966,160
(1875 500 &G. 12.637.500
J 1875 500 Ac. 4.525.000
1 1876 500 &0. 7.931.000
11882 500 &C. 5.124.000
3.533.000
1887 1,000
2,000
1888 1,000
500.000
1875 500 &c.
1893 500 &o. 6.576.000
1893 500 &c. 19,168,000
1867
\1871
1875
1877
1888
1889
1881
1,000
1,000
500
1,000
1,000
1,000
1,000
2.232.000
1.595.000
2,998,500
5.156.000
4.751.000
1.074.000
4.180.000
6
2
2
5
London, Baring Co., L’d
N. Y. Of., 120Broadw’y
N. Y., Office, 120 B’way.
Equit. Trust Co., Chio.
g.
g‘
gg.
5 g.
4 g.
4 g.
6
6 g.
6g.
May
Apr.
Aug.
June
1,
1,
1,
1,
1903
1910
1936
1938
N. Y., Knick. Trust Co. July 1. 1939
1939
J. & J. N. Y., 8. Pac., 23 Br’d St. July 1, 1937
J.
J.
J.
J.
& D. 1st coup, paid Deo.1899 Aug. 1, 1949
Jan. 1, 1911
N. Y ., 23 Broad St.
& J.
& J. N. Y., S. Pac., 23 Br’d St. Moh., 1909
Mch. 1, 1910
do
do
& J.
1900
S.
Br’d
I g’ a . '& b . N. Y.,do Pac., 23do St. Apr. 1, 1900
Oct. 1,
6 g. A. & O.
A. &
A. &
A. &
R g- A. &
g g- J. &
g g- M. &
5 g5 g. M. &
6g.
6 g.
J.
J.
J.
J.
5 g- A.
5 g. J.
6 g. J.
4*ag.
4*sg.
3 g .& 6 g .
6 g.
O.
O.
O.
O.
J.
N.
N.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
& J.
do
do
& J.
do
do
J,
do
do
J,
do
do
O,
do
do
D
J New York, 23 Broad St.
&
&
&
&
&
Oot.
Apr.
Apr.
Oot.
Jan.
Nov.
Nov.
1,
1,
1,
1,
1,
1,
1,
1906
1912
1937
1938
1900
1937
1937
Jan. 1,
Jan. 1,
July 1,
Jan. 1,
Oot. 1,
June 1,
Jan. 1,
1912
1911
1905
1907
1938
1929
1911
A n n u al B eport.—Fiscal year now ends June 30. Beport for year
m anErb, New York, N. Y; Treas. and Asst. Sec., Costello Lippitt,
ending June 30,1899, at length in V. 70, p. 79 to 86; editorial, p. 55.
Norwich, Conn.—V. 68, p. 872.
Receipts—
U89H-9.
1897-8.
South Pacific Coast R y . - N a r r o w G a u g e .—Alameda to
4,809*15; leased, 2,365 67.. 7,174*72
7,372*08
Santa Cruz, 77 miles; branches, 27 miles; ferry, 3 m.; total 104 miles. Miles of rail lines—Propriet’y, companies ....................... $36,696,327 $37,850,430
earnings of proprietary
Leased for 55 years from July 1,1887, to Southern Pacific Company, Grossdo
964.699
998,061
do
other receipts.................. .................
which guarantees the bonds and owns all but $7,000 of the stock. Central Pacific RR. Co..................................................
16,463,70« 16,816,012
The stock is $6,000,000; par, $100. In year 1898-99, gross, $815,616; New Mexico & Arizona RR. Co................
............. * 206,319
187,163
Oregon & California RR. Co............................................... 2,252,898
2,107,851
net, $7,279; deficit under charges, $243,086.
Sonera Railway Co............................. .................................
468.056
423,628
Southern Pacific Company.—(See M a p s .)—R o a d .—This com Gross receipts South. Pac. Co. from rents, invest’s, etc.. 897,703 1,094,454
pany owns no track in fee, but principally through ownership of stock,
Total receipts.
$57,849,211 $58,477,498
partly by lease it operates a great system of roads extending from
Expende t for account of proprietary companies, viz.;
San Francisco to New Orleans (thence by company’s steamers to New
Operating
York, etc.), and to Portland, Oregon, to Ogden, Utah, with branches. Taxes ... expenses................... i .......................................$23,932,509 $24,001,802
942,864
System comprises the following fully described under their own titles. Trackage and other rentals................................................. 874.656
412.180
642,724
(1) Pr o pr ie t a r y L ines .
|
Miles.
Controlled (also leased b y ) So. Tot’l,deduc.242m. leas.toA tch.6,ii91
P ao. Co.
Miles. (4) L eased an d Operated .
......... 656
Central Pacific RR....................... 1,859 Oregon & California RR
Louisiana Western R R ............... 141 New Mexico & Arizona RR........
88
Morgan’s La. & Tex. RR. & SS.. . 318 Sonora R y....................................
263
South Pacific Coast R y................ 101
— —
Southern Pacific RR. o f Arizona. 393 j Total RR. Mileasre Mar. 30, ’00.. 7,54"
Southern Pacific RR. of Cal
.. 2,611 Tot’ l.deduc. 242 m.leas. to Atch.7 ,2 9 8
Southern Pac. RR. o f New M ex.. 167 Steamship Lines (3,440 propriet’y) 3,565
(2) Controlled b y So. Pac . Co. A ffiliated L ines , Etc,
Operated I ndependently .
Austin & North Western RR....... 108
Galv. Harrisb’g & San Anton. Ry. 919 Central Texas & N. W. Ry .........
12
New York Texas & Mexican R y..
91 Fort Worth & New Orleans R y ...
40
Texas & New Orleans RR ....
276 , Houston & Texas Cent ral RR ... 508
63
(8) Controlled b y Morgan ’ s l a . & 1Galveston Houston & Northern,.
30o
T e x .—Operated I ndependently , j Carson & Colorado Rv.................
Houston E. & W. Texas R y .......
192
Gulf Western Tex. & Pac. Ry.... I l l Houston & Shreveport R R .........
40
Iberia & Vermilion RR...............
16 Han Antonio & Aransas Pass Ry. 687
Total Proprietary Lines...'....... 6,633 Gila Valley Globe & North’n Ry.. 124
Grand total of owned, leased and affiliated lines.
9,6U4
Or g a n iz a t io n .—Organized under laws of Kentucky, and known as
the “ Huntington” lines, Mr. O. P. Huntington being President. Under
plan for readjustment of Central Pacific securities, the Southern
Pacific in 1899 acquired the entire capital stock of the Central Pacific.
See that company’s statement; also see below.
In Jan., 1900, Southern Paciflo interests acquired control of the Gal
veston Houston & Northern, Houston to Galveston, 56 miles. In Feb.,
1900, substantially all the stock and bonds of the Carson & Colorado
were acquired and the road w ill be broad-gauged and eventually ex
tended as a link in a new line made from Los Angeles, in Southern
California, easterly towards Salt Lake, Utah. In Feb., 1900, practi
cally all the stock of the Houston East & West Texas By. and Houston
& Shreveport BR. were acquired.—V. 70, p. 176, 381,687. In July,
1900, the Ogden & Lucin BB. was incorporated, w ith$l ,000,000 stock,
to build the proposed cut-off on the Central Paciflo across the Great
Salt Lake from Lucin to Ogden, Utah, 107 miles, a saving of 39 miles
over the old line. V. 71, p. 85.
P r o p r ie t a r y L in es .—These, with a total mortgage indebtedness
June 30, ’99, of $141,837,218. are mostly owned—only $7,464,283 out
of their total stock of $185,772,072 not being held on July 1,1898,by
the Southern Paciflo Co. “ Omnibus L e a s e ,” see Su p ’ t of Jan., 1899.
St o c k , E tc .—Total stock authorized, $200,000,000, including $67,"
274,200 exchanged in 1899 for Central Paciflo stock—see Central Pa
cific and V. 68, p. 378, 725; V. 69. p. 132; V. 70, p. 740. As to dividend
prospects, see President Huntington’s statemenj in June, 1900, V. 70,
p. 1150.
In June, 1900, the Speyer-Huntington syndicate had obtained
the holdings of the Crocker and Stanford estates, aggregating
alone $56,000,000, which, together with other stock controlled by the
syndicate and those friendly to it, including C. P. Huntington, repre
sents a controlling interest. See directors below.—V. 70, p. 1250.
B onds .—The fifty-year 4 per cent collateral trust gold bonds author
ized by the Southern Pacific Co. in 1899. in connection with its ac
quisition of the stock of the Central Pacific, are for the total authorized
amount of $36,819,000, and are subject to call at par on six months’
notice. The first issue of $28,818,500, secured by the $67,274,200
common and $12,000,000 preferred stook of the Central Pacific, was
issuable forthwith. The remaining $8,000,000 can be issued from
time to time only as an equal amount of Central Pacific preferred is
received and added to the collateral, $5,000,000 of this stock being
reserved for improvements and additions on the Cent. Pao. at not
exceeding $200,000 yearly—see Cent. Pac. and V. 68, p. 378. See
Mortgage Abstract, V. 69, p. 859.
The new first refunding 4s and 30-year gold 3*a8 issued by the Cen
tra l Pacific are unconditionally guaranteed, principal and interest.
G e n e r a l F inances —The interest on funded debt for 1899-1900 w ill
not be m aterially increased over that of 1898-9 by the C. P. readjust
ment. Interest charge in 1898-9 was $12,888,337; estimated charge
for 1899-1900, after deducting $709,070 income on securities in Cent.
Pao. sinking funds, primarily applicable to payment on Cent. Pac. 3*8
per cent bonds, $13,347.820. Against the last-named amount the So.
Pacific Co. w ill be entitled to any dividends on $12,000,000 Central
Pacific 4 p. c. preferred and $67,275,500 common stock.—V. 70, p. 83.
EARNINGS.—11 mos., 51899-0...Gross, $58,182,998; net, $20,525,027
July 1 to May 31. ¿1898-9. Gross, 51,148,457; net, 18,073,962
Interest on funded debt.......................
7,821,919
Interest on open accounts...................................................
184,883
Genera] administration and miscellaneous expenses......
20,842
Land department expenses and taxes ............................
78,767
Expended in respect o f ;
Central Pacific RR. Co......................................................... 16,463,709
New Mexico & Arizona RR. Co..
........
824,806
Oregon & California RR. Co................................................ 2,819,235
657,662
Sonora Railway Co...............................................................
Expenditures of 80u. Pac. Co. for insurance, taxes,inierest and all other accounts except for deficits in the
operation of leased lines...................................................
?80,168
8,253,840
180,784
33,066
83,£87
15,816,012
217,628
2,432,335
609,237
764,639
Total disbursements...................................................... $53,371,236 $53,878,368
Balance.................................................
$4,477.966 $4,599,131
Sinking fund contributions and earnings............. .........
....
476,528
Miscellar eous charges............. ..........................................
163,076
Betterments, additions and new equipment.................... 2,577,332 1,299,258
Surplus over all disbursements................................... $1,747.568 $2,823,344
t Earnings and expenses of Houston & Texas Central RR. and subsidiary
lines in Texas not included in lfGH-i) were: Gross, $4,393,594; net, $1,678,068;
charges. $l,09i 530, betterments and additions, $183,»54; surplus over all dis
bursements, »299,678.
D ire cto rs (April, 1900).—C. P. Huntington (President), H. E_
Huntington, Edward F. Searles, August Belmont, D. O. Mills,
Joun W. Mackey, Charles H. Tweed, John D. Probst, John B. Haggin
and Edwin H aw ley.-(V . 70, p. 842,1096,1150,1250; V. 71, p. 85.)
Southern Pacific R R , o f Arizona.—(See M a p s .)—Own Yuma
to New Mexico boundary, 393 miles. The stock is $19,995,000 all but
$2,400 being held by Southern Paoiflo Co., which pays all charges
and 12 per cent oinet profits under “ omnibus lease.”
E arnings .—11 months, J 1899-0...Gross, $3,435,991; net, $1,551,604
July 1 to May 31. (1898-9...Gross, 2,897,756; net, 1,007,824
Year 1898-99, gross, $3,194,518; net, $1,137,865; surplus over
charges, $445,223; due So. Pao. Co.,$113,066; total surplus, $332,157.
S o u th ern Pacific R R .—(See M a p s .) —R o a d .—Owns all the Cali
fornia lines of the Southern Pacific system except the Central Paciflo
and the South Pacific Coast. The length of road owned is about 2,56&
miles, embracing a through line from Yuma, Arizona, via Los Angeles,
San Francisco and Oakland, to Tehama in No. California, with numer
ous branches. Of the lines owned and leased in July, 1899 (7 miles
are leased), 2,323 were operated in the So. Pacific system, 242 miles
(Mojave to The Needles) being held under long lease by Atchison in
exchange for leases of 350 miles of roads in New Mexico and Arizona.
V. 65, p. 931, and Atch. T. & 8. F. item, p. 1113; see V. 64, p. 609.
The construction of 55 miles from Ellwood, Col., to Surf in 1900 w ill
furnish coast line from Los Angeles to San Francisco. (V. 68, p. 617.y
Or g a n iz a t io n .—A consolidation in A pril, 1898, of Southern Paciflo
BB. of California, Northern By. of Cal., Northern CaL and Cal. Pao.
The Southern Pao. RB. of Cal. was leased to Southern Pac. Company
for fixed charges, betterments and additions and a certain percentage
of the surplus income under the “omnibus lease.”
STOCK.—Of stock So. Paciflo Company June 30, ’99, held $94,482,489.
B onds .— Consolidated Mortgage of Sept., 1893, (see fu ll abstraot V.
57, p. 1041), provides for all prior liens and new construction. Bonds
may be issued not exceeding $30,000 per mile, of which $7,500 a mile
is reserved for additions and betterments. See V. 57, p. 469. This
mortgage in January, 1899, covered 1,982 miles, of which it is an
absolute 1st lien on 724 miles. The supplemental mortgage issued in
1898 lim its this loan to $30,000,000, (exclusive of bonds to be issued
against underlying securities), of which not exceeding $26,000,000
shall be issued until completion of coast line from Surf to Ellwood.
Most of the consols are stamped subject to call at 107*2 after 1905 a»
shown in table above. (Y. 67, p. 1111.)
L and G ran t .—The land grant was 12.840 acres per mile, and proceed s
of sales go to retire bonds, but a large proportion of the lands bar
ren and useless for agricultural purposes without irrigation. In 1898-9
sales were 32,020 acres for $101,824 and 84,984 acres were surren
dered: interest on deferred payments, $27,864; land notes outstanding
June 30,1899, $2,202,676. See So. Pao. item V. 65. p. 778.
E arnings .— 11 months,) 1899-0 .Gross, $16,121,208; net, $6,223,242
July 1 to May 31.
> 1898-9..Gross, 13,300,118; net, 4,626,774
A nnual R e p o r t .—Annual report for year ending June 30, 1898,
was given at length in V. 67, p. 1052,1062. In 1898-9, gross, *1 4,628,937; net, $5,211,982; other income, $537,381; charges, $4,672,.-
Ju ly
1900.]
RAILROAD STOCKS AND BONDS.
139
Subscribers w ill confer a great favor by giving immediate notice o f any error discovered In these Tables.
RAILROADS.
Bonds —Princi
INTEREST OR DIVIDENDS
Miles Date Size, or Amount
pal,When Due.
For explanation of column headings, &o., see notes of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
S o u th e r n H a llw a y —Com. stoch, $120,000,000...
$100 120,000,000
Preferred. 5 per cent, non-cumu., $60,000,000...
....
100 60,000,000 2 in 189;
N. Y.,J. P. Morgan & Co. Apr. 6, ’00,11«
1st cons. M„ 1st on 900 m. g. ($120,000,000)c*<fer 4,502 1894 l,000&c 33,278,000
5 g. J. & J. N.Y., J. P. Morirán a Co. July 1, 1994
Equip, trust, ser. A, $225,000 due Apr. and Oct
4
1900
3,000,000
do
do
ToOct.31,1907
A.—P r o p e r tie s m e r g e d in to So u th e r n R a i LWAY Co.
Atlantic Tennessee & Ohio 1st mortgage........
44 1883
150,000
6
A. & O. N. Y.. J.P. Moraran & Co. Apr., 1913
■Char. Col. & Aug. 1st M. (int. In gold); V. 59,p. 1006 191 1869 500&C. 1.997.S00
5 g. J. & J.
do
do
July 1, 1909
2d mortgage.....................................................
191 1872 1,000
500,000
A. & O.
7
do
do
1902 or 1910
-Col. & Greenv. 1st m. (6p. c. after Jan.,’98), g..o 164 1881 1,000
2,000,000
6
J. & J.
do
do
Jan. 1, 1916
Ga. Pacific 1st mort., 6 p. o. after Jan.’98........o' 566 1882 1,000
5,660,000
do
do
6 g. J. & J.
Jan. 1, 1922
Equipment mortgage, gold, s. f., subj. to call.o
349,000
1889 1,000
5 g. F. & A.
do
do
Various.
Richmond & Danville cons, mortgage, gold...... o
1874 1,000
5,997,000
do
do
6 g- J. & J.
Jan. 1, 1915
Debenture mort., old 6s (no longer incomes)...
3,368,000
1882 1,000
5
A. & O.
do
do
Apr. 1, 1927
Equlpm’t Trust bonds, gold, s.f.,subj. to call o*
1889 1,000
802,000
5 g. M. & S.
do
do
Sept. 1, 1909
Richmond York River & Chesapeake 1st m o rt...
38 1873 1,000
400,000
5
J. & J.
do
do
Jan., 1910
2d M., extended from 1900...........................
38 1880 1,000
500,000
41 M. & N.
«
do
do
Nov., 1910
Virginia Midland—Serial mortgages....................
7,635,000 4, 5 ,6 M. & 8. Safe D. & Tr. Co.. Balt. Var. 1906-31
1881 1,000
General mortgage............................................... 347 1886 100&C. 4,859,000
5
M. & N. N.Y., J. P. Moraran & Co. May, 1936
Washington Ohio & Western 1st mortgage.........
50 1884 1,000 a l,025,000
4
F. & A.
do
do
Feb. 1, 1924
Western North Carolina, 1st con. mort., gold..o* 309 1884 1,000 1>2,531,000
6 g. J. & J.
do
do
July 1, 1914
East Tennessee Virginia & Georgia—
Divis’n’l M., g.,(Bristol, Tenn. to Selma, Ala.)c* 552 1880 1,000
3,106,000
do
5 g- J. & J.
do
July 1, 1930
E. T. Va. & Ga. consol. M., g. ($20,000,000) .o&r 1,020 1886 1,000 12,770,000
do
5 g- M. & N.
do
Nov. 1, 1956
Ala. Cent. 1st M., Selma to Meridian, gold...........
95 1879 1,000
1,000,000
do
6 g- J. & J.
do
July 1, 1918
© .—Southern R a il w a y D iv isio n a l M o r tg a g e s .
East Tennessee lien, gold.....................................
1894
4,500,000
5 g. M. & S.
do
do
Moh., 1938
1st mort. on Memp. & Chari., $8,000,000, gold 292 1898
5,083,000 4, 41 5 J. & J.
2,
do
do
1996
2d mortgage, $2,500,000, gold.Ce..............o&r
1898 iOOO&c. 1,500,000
5 g. A. & O.
do
do
Oct. 1, 1996
Charlottesville & Rapidan, 1st mortgage............ "28 1879 lOO&c,
326,200
6
J. & J. PhiL.Tr.SafeD.&Ins.Co. July 1, 1913
Aiken Branch, 1st M., gold A (V. 68. p. 826)......
24 1898
500
150,000
4 g. J. & J. N.Y.. J.P. Moraran & Go. July 1, 1998
Venice & Carondelet 1st mortgage................c*
7 1882 1,000
150,000
6
A. & O.
Apr, 1, 1902
St. Louis div. (So. Ry.) 1st m., $15,500,000, gold. 359 1901
none J’iy.’O
O
4 s.
Jan. 1, 1951
Also additionalamounts pledged June30,1899, under first consolid ated mortga'ge: a ^2 21,000; b $1,325,000.
034; sur., $1,077,329; net profits under lease, $2,118,961. In 189"-98,
Atlantic & Danville has been leased for 50 years from Julv 1 1899
«rose, $15,078,026; net, $6,331,516.-(V 70, p. 995; V. 71, p. 136.)
—V. 69, p. 491. Nov. 1 ,’99, purchased Athens to Lula? Ga!f40 mUes
S o u th ern P a c ific R R . o f N ew M ex ic o —(S ee M a p s .)—Owns (Athens Southern Ry.)—V. 69, p. 955,1012
Arizona State Line to Rio Grande bridge, etc., 167 miles. The
Stock .—Authorized $120,000,000 common and $60,000,000 live p er
Southern Pacific Oo.t as lessee, pays all charges and 6 p. o. of net cent non-cum ulative p r eferred stock. No additional mortgage can be
profits under omnibus lease. Stock, $6,888,800 (par, $100). all but put upon the property, nor can the amount of the preferred stook be
$ 2 ,5 0 0 held by So. Pacific Co. Sink, fund June, 1899, $795,948.
increased ■without the oonsent of holders of a majority of the preferred
E arnings .—11 months, $ 1899-0.Gross, $1,845,00 4; net, $1,027,570 The preferred stock is redeemable in cash at par. In Jan., 1900, reduc
July 1 to May 3 1.
( 1898-9. Gross, 1,569,788; net,
806,116 tion of the stock was authorized by the Virginia Legislature, on ma
V. 70, p.
50.
In year 1898 99, gross, $1,734,617; net, incl. other income, $929,- jority vote, whenever deemed desirable. (exoept 177, 947 ,1 1qualify
Both classes
the
<587; surplus over oharges, $629,152; net profits under lease, $228,467. directors) are o f stock o fwithnew com pany trustees.sufficient to shall be
deposited
three stock
The stock
S o u th ern R a ilw a y C om pany . —(S ee M a p , p a g e s 1 4 4 a n d held by the stock trustees and their successors, jointly till July 1,1899,
1 4 5 .;—
Company operates 6,416 miles,extending from Washington, and for such further period (if any) as shall elapse before the preferred
D. C., and West Point and Richmond, Va., to Danville, Va., Greensboro, stook shall have paid five per cent cash dividend in one year, although
N. O., Norfolk, Va., Charlotte, N. C., Columbia, N. C., and Atlanta, Ga., the stock trustees may, in their discretion, deliver the stock at an
thence northerly to Bristol, Tenn., southeasterly to the coast at Bruns earlier date. Certificates of beneficial interest, entitling the holder to
wick, Ga., and westerly across the States of Alabama and Mississippi dividends, are issued in lieu of the stock so deposited. Stock trustees
to the Mississippi River at Greenville. Water lines—Balt. Ches. & J. Pierpont Morgan, Charles Lanier and George F. Baker. Provisions
Richmond S. B. Co., 200 miles.
of voting trust and pref. stock cert, in Sup. of A pril, 1897, page 6.
Owned in fe e —
Miles. HNorth Carolina RR.—
D ivid en ds .—On preferred in 1897, Jan., 1 p. c.; in 1898, Jan., 1 n
j.
Alexandria (near Washing’n)
Goldsb., N. O., to Greensb.. 130 in 1899, Jan., 1 p. o.; Oct., 1 p. c.; in 1900, Apr., H« p. c. (V. 70, p. 4i c.;
481).
to Greensboro, N. C........... 280
Greensb. to Charlotte, etc.. 94
B onds .—The new fir s t consolidated mortgage, Central Trust Co
'Charlotte,N.O.,to Aug’sta.Ga. 191 Atlantic & Danville Ry. —
N. Y ., trustee (see a b s tra c t in V. 59, p. 763), is secured by mortgage
■Columbia to Perry, S. C........
28
Norfolk to Danville, Va.,
and pledge of all the
the oompany.
authorized
Ool’mbia,S.C.,to Greenv.,S.C. 144
and branches ................. 278 i*sue is $120,000,000 property ofbearing interest The totalp. c. (V. 70.
gold bonds
up to 5
W. Point, Va., to Neapolis... 179
Operated u n d er agreem ent —
p. 1150), as follows;
’
Salisbury, N.C.,to Morristo’n,
tRoswellRR. (narrow gauge) 10
Issued to June 30,1899 (of which $1,394,000 in treas)... $30,033,000
Tenn................................... 228 So. Ry. in Miss, (bonds own’d).
Memphis to Stevenson, Ala... 1272
StateL., Ala.,toGreen.,Miss. 179
Bristol to Chatt’ga, Tenn__ 242
Br’ohes to Webbs,Miss.,etc. 60
Knoxville to Cumb’d Gap,Ky 62 Controlled by securities —
Ooltewah Junction, Tenn., to
Athens Southern R y............. 40 To be issued hereafter only for extensions and additions
at not exceeding $2,000,000 yearly, with a single excep
Brunswick. Ga.................... 415 tUAsliev. & Spartanb’g R R .. 134
13,942,300
tion as to $4,000,000 (see V. 59, p. 786)......... 7........... .
Austell,Ga., to State L., Miss. 261 State University RR............
10
Atlanta Juno., Ga., to York,
Elberton A ir Line RR
Total authorized issue............................................... $120 000 000
A1& . . . . . . . . . . .
271 tli Knoxville & Ohio RR........
69
Prior bonds must be paid by maturity.
’
’
Atlanta, Ga. ,to Ft. V alley, Ga. 102 North Carolina Midland......
54
D ivisional First Mortgage bonds, issued in 1898 on account of purBranches, etc..............
993 Carolina Midland.................. 71 chase of Memphis & Charleston Ry., bear 4 per cent interest from Jan.
1,1898, to July 1,1901; then 4 ^ per cent to July 1, 1906, and 5 per
Total owned.................... 3,714 So. Ry. in Ky. (all owned).
Louisv.to Lexing’n.Ky. ,&o. 123 cent thereafter. The total authorized issue is $8,000,000, but $ 1,500 Leased —
Atlantic & Yadkin...... ...... 166 000 can be used only to build a line replacing trackage between Steven
1 Atlanta & Charlotte A ir L.
1
68 son and Chattanooga, 38 miles. Of the remainder of the loan, $5,083,Chari.. N.O., to Atlanta, Ga. 268 Other roads...........................
Trackage Rights —
000 were issued to retire old mortgage indebtedness. The bonds cover
HGeorgla Midland Ry...........
98
Franklin & Pittsylvania......
30 Allendale, S.C.,to Sav’h., Ga. 80 the 292 miles of main line and branches, at $17,408 per mile. The bal
7 ance ($1,417,000) is held for betterments at not exceeding $100.000
t ITRichmond & Mecklenb.RR. 31 W ashingt’n,D. C.,to Alex.,Va.
Mobile Jo. to Birming’m, etc.
7 yearly. See description of loan in V. 67. p. 179.
IfMobile & Birmingham RR.—
Second mortgage on former Memphis & Charleston secures $2,500,Selma, Ala., to Marion Jct.. 149 Stevensonto Chattanooga.&c 39
York, Ala., to Meridian.Miss. 27 000 of 5 per cents, of which $1,500,000 owned by So. Ry. June 30,
HSouth Carolina & Ga. RR.—
Birmingham to Mobile Jo.,&e 15 1899, and $1,000,000 reserved for improvements. The $3,123,000 E.
Charleston, S. C., to Augus
7
ta, Ga., and branches...... 242 Kentucky & Indiana Bridge.
Selma,N.C.,to Pinners Pt.,Va. 155 1250* Va‘ & Ga‘ 78 due July 1900. were paid at maturity. V. 70, p.
ITAugusta Southern Ry.—
Cumberl’d Gap to Middl’o,Ky
5
The date of m aturity of the Charlotte Columbia & Augusta second
Augusta to Sandersville,
_ Ga., etc.................
_
81
Total mileage op. M ar.,’00.6,416 mortgage, as given therein, is Oct. >,1902; in the bonds themselves,
Jan. 1,1910. V. 71, p. 85. In 1900 issued $3,000,000 equip’nt trusts•
t A ll or nearly all of the capital stock owned. H See this company.
G e n e r a l F inances .—Certificates of indebtedness incurred for pur
J Except 35 miles in Mississippi whose securities are all owned.
chase of properties June 30,1899, $2,950,000. During 1898-99 $1,000,AFFILIATED BUT OPERATED SEPARATELY (See each CO.)
000 consol. 5s were issued.—V. 69, p. 390, 393. Equipment notes
Alabama Great Southern__ 357 I Northern Alabama............... 119 June 30,1899, $239,992. The Louisville Evansville& St. Louis Con
Oincin. NI O. & Tex. Pacific.. 336 | Georgia Southern & Fla....... 285 solidated RR., to be acquired per plan V. 70, p. 1291, w ill furnish the
On Deo. 10,1899, a new line was opened from Columbia, 8. C., to Southern a new line into St. Louis. Under the plan the Southern w ill
Savannah, Ga., about 160 miles, of which the Carolina Midland, Perry issue its 4 per cent 50-year St. Louis div. gold bonds. V. 70, p. 1292
to Allendale, 52 miles, forms a part, the Co. building from Columbia
L ate st E arnings —11 J 1899-0..Gross, $28,793,870; net, $8,888,970
to Perry, 28 miles, and using Atlantic Coast line and Plant
mos., July 1 to May 31. <1898-9..Gross, 25,494,925; net, 8,046 888
system trackage from Allendale to Savannah. V. 69, p. 1218. In
Operating 6,416 miles in 1899-0. against 6,271 in 1898-9.
Oct., 1899, extension from Burgin to Jellico, Ky., 115 miles, and other
For 7 mos. ending Jan. 31,1900, on 6,224 miles, gross, $18,532,156;
extensions were proposed, including one from Chattanooga, Tenn., to net after payment of taxes, $6,167,902; other income, approximate.
Stevenson, Ala., about 38 miles, under the charter of the Memphis- $192,500; interest and rentals, approximate, $3,936,000; bal. for divi
Chattanooga RR., for which $3,000,000 bonds were reserved under dends, $2,424,402; div. on pref. stock, 1*« per oent, calls for $900,000.
Mem. & Oharlestonflrst mortgage. V. 69, p. 956. The Louisville
A n nual R e p o r t .—Fiscal year ends June 30. Annual meeting is held
Evansville & St. Louis Consolidated RR. w ill be acquired after re
fourth Tuesday
organization. V. 70, p. 792, 1292. In June, 1900, contract let from the69, p. 381, 389. in October. The report for 1898-99 was given in
V.
See also editorial p. 361.
Ensley, Ala., to Warrior River, 20 miles, on branch to Parrish, 36 m.
Earnings for 1893 include results of operation of Memphis Division
O r g a n iz a tio n , E tc .—A reorganization in 1894 of the old Richmond for entire year, against 4 mos. in 1897-8; also of sundry additions to
& West Pt. Ter. Railway & Warehouse system. The reorganization the system in 18»», for various periods. (See V. 69, p. 38».)
p la n presented in May, 1893, was given in fu ll in V. 56, p. 858, 874,
T ra ffic—The freight tonnage is widely diversified, which is an ele
and certain changes thereof in pp. 1016,1058, and V. 57, p. 61. The ment of strength. Agricultural products in 1898-99 furnished only
modified plan of Feb. 20.1894, was given in fu ll in V. 58, p. 363. 385. about 16 per cent (cotton about 7 per oent), while over 39 per oent
As to Cincinnati New Orleans & Texas Pacific, see V. 65, p. 1173. On was from mining industries (29 per cent being coal) and about 30 per
July 1,1898, absorbed Memphis & Charleston.—V. 66, p. 39,185.
cent was product of manufactories. Ton rate, 0-897 cents per m.; train
Mobile & Birmingham RR. (149 miles) was leased from Ju n el, load, 188 tons. Earnings, etc., have been as follows:
1899, for 99 years.—V. 68, p. 429,1134; V. 69, p. 391.
Years ending June 30.
1899.
1898.
1897.
In Apr., 1899, purchased the Northern Alabama, Sheffield to Parrish,
5,377
4,837
4,806
Ala., and branch, 119 miles (V. 68, p. 824. 873); also acquired control Average miles operated...
Freight.................................$16,099,293
$13,679,164 $12,386,902
of and leased the South Carolina & Georgia.—V. 69, p. 390.
Passengers.......................... 7,083,253
5,394,518
4,832,848
In May, 1899, purchased a portion of Atlantic & Yadkin Ry. north
2,022,157
1,859,750
of Sanford, N. 0., to Mt. Airy, 166 miles, and issued thereon $1,500,000 Mail, express, etc............... 2,171,140
50-year 4s, (V. 68, p. 979); also purchased Carolina Midland, Allen Gross earnings..................$25,353,686
$21,095,839
$19,079,500
14,501,864
dale, S. 0., to Seivern, 55 miles, and Seivern & Knoxville, Seivern to Operating expen. & taxes. 17,356,355
13,233,156
Batesburg, 17 miles.—V. 68, p. 979. See also V. 69, p. 391.
N et earnings................ $7,997,331
$6,593,975
$5,846,344
140
INVESTORS’
SUPPLEMENT.
[Y ol . LXXI,
Subscribers w ill confer a great favor by giving immediate notice o f any error discovered In these Tables.
RAILROADS.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or Amount
pal,^When Due.
of
Par
of
Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonde Value. Outstanding Cent. Payable
Whom.
Dividend.
S o u th ’ n M y . —(C on .)—
0 —ON PROPERTIES PRACTICALLY OWNED BY (*) OI LEASE D t o (T ) South ERN R y .
Northern Alabama Ry.—See that Company.
*A t. & Y., 1st M., g., gu.............................. Ce.o' 166 1899 $1,000 $1,500,000
4 g. A. & O. N.Y., J.P. Morgan & Co. Apr. 1, 1949
31 1899 1,000
308,000
4 g. M. & N.
do
do
Nov. 1. 1948
100
ÜAtlanta & C harlotti—
Stock.
1,700,000
6
M. & S. N. Y., Central Trust Co. Mar., 1900, 3%
265*3 1877 1,000
500,000
4 o. A. & O.
do
do
Jan. 1, 1907
265*3 1877 1,000
4,250,000
7
J. & J.
do
do
Jan. l j 19Ò7
1880
500
750,000
4
A. & O.
do
do
Jan. 1' 1907
‘ Georgia Midland 1st mortgage, interest guar... "98 1896 1,000
1,650,000
3 g. A. & O. N. Y.,J. P. Morgan & Co.
1946
100
IfNorth Carolina—Stock, 6 ^ to Dec., 1901; then 7
4,000,000 6*3 tO 7 F. & A.
Burlington, N. C.
Aug., 1900,3*«
‘ Knoxville & Ohio, 1st mort., gold................c*&r "66 1885 1,000
2,000,000
6 g- J. & J. N.Y., J. F. Morgan & Co. July 1, 1925
fîSo. Carol. < Ga., 1st M., g., $5,250,000.Ce. ..c* 245 1894 1,000
fe
5,250,000
5 g. M. * N. N.Y., J.P. Morgan & Co. May 1, 1919
ITAugusta So., l st cons. M., g.,gu.,p.&i.end.Ce.xq
85 1894 1,000
400.000
do
do
Dec. 1, 1924
5 g. J. & D.
ÜMobile & Birmingham RR., preferred stock....
100
900.000
Prior lien, gold...C e......................................... c Í49 1895 200, 1,000
600,000
5 g. J. & J. N .Y , J.P. Morgan & Co. July 1, 1945
1st mortgage, $1,200,000 M é ..........................c 149 1895 200, 1,000 1,200,000
4
J. & J.
do
do
July 1, 1945
*8part. Union & Col., $1,000,000 gu. Ash. & Sp.g.
1895 1,000
1,000,000
fe
do
do
4 g. J. < J.
Jan., 1995
Southwest Pennsylvania —Stock [$3,000,000 auth.]. Ï09
50
1,499,900 10 in ’99 A . & O. Phila., Broad St. Stat’n Apr. 2, ’00, 5%
1st M., sink, fund $5,000 yearly, not drawn...... r 109 1877 1,000
900,000
F. & A.
7
do
do
Feb. 1. 1917
Southwestern (O a.) —Stock (see text)............... ....... 333
100
....
5,191,100
5
J. & J. Sav., Ga. & Macon, Ga. July3,’00,2*3%
Spuyten Duyvil <6P ’ tM o r .S to c k , 8 g.o.g\i. N.Y.Cent.
6
100
989,000
8
J. & J. N. Y.. Gr’d Cent. Station July, 1900, 4%
Slate L in e dt Sullivan —1st mort., $300,000, g.Une’'
24 1898 1,000
275,000
4*3 g. J. & J. N. Y., Union Trust Co. Jan. 1, Í929
Staten Isl. My. 1—st M., $1,000,000, gold, gu. M e..o*
13 1893 1,000
511,000
New York City.
4*3 g. J. & D.
June 1, 1943
Staten Island Rap. Tr.—See B alt im o r e & O h io ...
Stockbridge < Pittsfield — 6 p.o. rental N. Y. N.H.&H.
&
23
100
448,700
6
Q .-J.15
Stockbridge, Mass. Ju ly.’00. li«%
Sullivan County MB.—1st mortgage, $400,00'»... c
1894 1,000
357,000
4
A. & O.
Boston.
Apr. 1, 1924
Sunb’ r y Hazle. dt Wilkesb.—See S c h u y l k il l & Ju NIATA RR.
Sunbury A Lewistown—See Sc h u y l k il l & J un iat A RR.
Suncook Valley —Stock, 6 p. c. rental Con. & Mon..
100
240,000
6
J. & J. M’noh’st’r.N. H. ,Nat. Bk July, ’00, 3%
Sussex MB.—1st mortgage.......................................
"30 1873 500 &c.
236,500
7
A. & 0. N. Y.. D. L. & W. Office. Apr. 1, 1903
Syracuse Bingham ton & New York,—Stock...............
81
100
2,500,000 8 in 1899 Q —F. N .Y ..D .L .& W . RR.Co. May 1, ’00,2%
Consol. M.(p. and i. guar, (end.) by D.L,&W.).c*<fer
81 1876 1,000
1,966,000
7
1 & 0.1
A.
do
do
Oct. 1, 1906
1899.
1897.
1898.
Sunbury Hazleton & W ilkesbarre B y .—See Schuylkill &
Op. exp. to gross, per cent (68’45)
(68*74)
(69-35)
Juniata RR.— 70, p. 533,842, 895.
V.
Other Income....................
$328,470
$286,832
$348,376
Sunoury & Lew lstow n B y .—See Schuylkill & Juniata RR.—
Total net income......... $8,325,801
$6,942,351
$6,133,176 —V. 70. p. 842.
.Suncook Valley B B
N. H ., 17
Interest and rentals......... $6,207,253
$5,862,768
$5,612,235 miles. Leased till 1912 to .—Owns road Suncook to Pittsfield, $240,000
Concord
Other deductions..............
24,028
75,022 of capital stock; total stook issued & Montreal for 6 p. o. on
72,571
is $341,700, of which $101,700 is
Balance, surplus for year.. $2,094,520
$1,007,012
$445,919 non-dividend paying. President, Hiram A. Tuttle, Pittsfield, N. H.
Sussex B B .—Owns road from Waterloo to Franklin, N. J., and
Dividends on preferred. (2) $1,172,904 (1) $543,000 (1) $543,000
branch, 30 miles. Road opened 1854. Since 1881 operated by Del.
Officers .—President, Samuel Spencer, 80 Broadway, New York, Lack. & W., which owns a majority of the $1,638,600 stock. For vear
Seo’y, Josiah F. H ill, 80 B’dway, N. Y.; Treas’r, H. C. Ansley, 1300 ending Deo. 31, 1899, gross, $199,918; net, $95,016; charges, $16.Pennsylvania Avenue, Washington, D. C.—(V. 70, p. 177, 481, 947 555; balance, sur„ *78,461. In 1897-8, gross, $159,167; net, $45,480.
1150,1196, 1250, 1292; V. 71, p. 30, 85.)
Syracuse Bingham ton & N . Y . B B .—Geddes, N. Y., to Bing
S o uth Shore R y,-Y am aska to St. Lambert, Que., 45 miles: hamton, N. Y., 81 miles. Controlled since 1869 by Delaware Lack. &
branch, 2 m.; total, 57 miles. Extension from Sorel to Yamaska, 10 W., which, Deo. 31, 1898, owned $1,901,000 stock and guar, the bonds.
miles, included above, opened June 17,1900. Stock, $1,000,000; out D iv id e n d s ....... » ’ 88
’89
’91
’92 to May , ’00, inclus.
standing June 30,1898, it375,000. Bills payable Jane 30, 1898, $-7, Per c e n t........ j 12
8
8
13
8 yearly'(2 p. o. quar.)
000; current accounts, +486; other liabilities, +447,193: total, $909,E arnings .
Gross.
Net.
Int.
D ividends. B al., sur.
679. In May, 1900, it was proposed to issue $1,000,000 4 per cent 1898-9............ $946,270
$472,489 $137,620
$200,000 $134,869
ten-year debentures. President, F. X Choquet; Secretary and Auditor, —(V. 65, p. 568.)
Edward O. Lalonde, Sorel, Que.—V. 70, p. 1049
Syracuse Geneva & Corning B y .—Coming, N. Y., to Geneva.
Southwest Pennsylvania B y .—Greensburg, Pa., to Fairchanoe1 N. Y., 58 miles; Penn Yan to Dresden, 6 m. Formerly leased to F all
Pa., 44 miles, and branches, 64 m. Leased to Penn. RR., which pays Brook Ry., but lease canceled and new lease made from May 1,1899,
net earnings as rental and owns $1,057,250 stock and $600,000 bonds. for term of corporate existence to N. Y. Central, for $46,375 per an
D ividen d s .—> 1892. ’93. ’94. ’95. ’96. *97. ’98. ’99. 1900. num, payable quarterly, interest on bonds and other obligations taxes
Per cent.... s 10
10 10 11
11
10 10
10 Apr.,5 and repairs, the N. Y. C. owning $802,875 of the $1,325,000 stock, par
$100. This rental is equivalent to a 31 per cent dividend on the stock.
«
Yr.Dcc.31. Gross.
Net.
Int.,taxes,Ac. Divid’ds.
Balance
D ivid en ds since 1891: In 1892,10 p. c .; in 1893,12 p. o.; in 1894.
1899,...$1,006,444 $224,706
$106,799
$149,990 def. $32,083
7 u. c.; in 1895, 8 p. o.; in 1896, 8 p. c.; in 1897, 6 p. c.; in 1898, 6 p. e.
1896. . 713.793
165,528
104,100 164,989 def.103,561
* Includes $19,909 other income in 1899.
in 1899, Mar., 3 p, c. Under new lease. 31« p. o. per annum is paid.
For 10 months to June 30,1899. gross, $532,143; net, $161.665;
Southwestern Arkansas & In d . Ter. B y .—See Arkansas
charges, $187 454; bal., def., $25,788. In year ending June 30,1898,
Southwestern Ry.—V. 70, p. 532, 895.
gross, $705,771; net, $250,843; rental and taxes, $246,973; profit to
Southwestern B B .(G a .)—Owns Macon, Ga., to Eufaula, 144 m., lessee, $3,870.—(V. 68, p. 573.)
Fort Valley to Columbus, Ga., etc., 189 miles
Tacoma dt Columbia B lver B y .—Projected from Tacoma,
L ease.—Leased for 101 years from Nov. 1,1895, to the reorganized Wash., to The Dalles, Ore., 145 miles, operated Tacoma to Terminus,
Central of Georgia Ry. at a rental of 5 p. c. on stock.—(V 61, p. 1156.)
Wash., 15-5 miles. Interest due Sept., 1898, was not paid, and on Apr.
Spokane Falls &, Northern B y .—In June, 1898, the Spokane 5, 1899, Stuart Rice was appointed receiver. V. 68, p. 674. Bond
Falls & No., together with the allied lines, was acquired by the Great holders’ Committee—Otto T Barnard, Elijah Smith and Alfred Kessler
Depositary, Continental Trust Co.
Northern. V. 67, p. 179. V. 68, p. 772. V. 68, p. 725.
Spuyten Duyvil & Port Morris B B .—Owns 6 m. double traok
Stock, $3,000,000. Bonds are 1st M. 40-year 5s, gold; $250,000
ana connects the N. Y. Central & Hudson with the N. Y. & Harlem. have been issued on portion of road completed, $250,000 to be used
Leased to New York Central till Deo. 31,1970, at 8 per cent on stock.
for deep water connection, and balance reserved for extensions at
State Line dt Sullivan B B .—Owns Monroeton, Pa., to Berenice, $20,000 per mile. President, William Bailey.—V. 68, p, 674.
Pa., 24 miles. Stook, $980,250 (par $50.) Mortgage covers 5,000 acres
Tennessee Central B y .—Line is projected from Clarksville,
coal lands. The new 1st 4 *$8are subject to call for sinking fund require Tenn., via Nashville to Harriman, about 232 miles. In Dec., 1898
ments at 105 until Jan. 1,1914, and thereafter at par. V. 67, p. 1209 construction of the entire line reported to be let, the 66 miles at*
Road leased till 1934 to Penn. & N. Y. Canal & RR. (rental, $40,000 per eastern end from Kingston and Harriman Junction to Crossville and
ann.), and so oper. by Lehigh Valley. V. 68, p. -¿33; V. 69, p. 1248.
thence by branch to Monterey to be completed about Sept., 1900. Of
Staten Island B y .—Clifton to Tottenville, 13 miles. Leased to the latter, 15 miles were operated in May, 1900. V. 67, p. 179Staten Is. Rapid Transit Co. till 1983, at $82,595 per ann., which pays V. 68, p. 674; V. 69, p. 542. Capital stock authorized $20,000 per mile.’
In June, 1898, made a mortgage for $5,000,000.—(V. 69, p. 542.)
$4 per share on stock, interest on bonds and organization expenses.
Terminal B B . Association o f St. Louis.—Pr o p e r t y .—
St o c k .—Authorized and outstanding, $1,050,000; par, $75.
Owns and operates extensive terminals at St. Louis, with belt lines and
Bonds—Of the 4^3 per cents no more than $511,000 to be issued ex- bridges, and a tunnel 4,800 feet in length. The station is leased to the
oept on two-thirds vote of stockholders. (V. 61, p. 737.)
tenant lines for $325,000 per annum on a wheelage basis.
Staten Island B apld Transit B y .—Owns line of road around
Owns entire stook ($336,000) of East St. Louis Electric Street RR.
the Staten Island shore, east and north sides, from South Beach to a
Or
n .—Organized in 1889. The
point near Elizabethport, N. J.; total owned 11 miles; leases Staten sole g a n iza tioCleveland Cincinnati Chicago following companies are
owners:
< St. Louis.
fc
Island Railway, 13 miles. Incorporated July 29,1899, as successor to Nashville, St. Louis Iron Mountain & Southern, Ohio &Louisville &
Mississippi,
th e ra ilroad conipany, purchased at forelosure Apr 20, 1899, subject Missouri Pacific and Wabash. These companies have agreed under
to the first mortgage, by the B. & o.—V. 69, p. 284. See B. & O.
contract to use the property forever and to pay as tolls interest, taxes,
E arnings.—Statement 1898-99, with balance sheet, in V. 69, p. 383. rentals and other charges, and each line w ill contribute its proportion
Y ear ends June 30.
Gross.
Net.
In t. A Taxes. B ala n ce » to the extent of one-seventh of $1,000,000 to make up any de
$354,568 dei’.$62,829 ficiency from unforeseen circumstances. Controls St. L. Merchants’
1898-99......................... $693,597 $291,739
Bridge Term. RR.—see that comp any.—(V. 57, p. 1084.1
18979 8 ...................... 6 8 0 ,2 8 6
3 0 4 ,6 3 3
3 2 7 ,2 1 2 d tL 2 2 ,5 7 9
L eases .—The leases of the Bridge and the Tunnel are for their
—(V.69, p. 492, 696, 956; V. 70, p. 585, 895.)
corporate existence, and were made July 1,1881, to the Missouri Pacific
Stockbridge & Pittsfield B B .—Vandeusenville to Pittsfield and the Wabash, bv which companies they were assigned to the present
Mass., 23 m. Leased for 99 years April 1,1893, to N. Y. N. H. & H. at association. The
6 p. c. on stock. Lessee pays taxes. Lease to Housatonic suspended. 490,000 first pref.lease guaranteed 6 per cent on the Bridge Co’s $ 26
stook, 3 p. c. on its $3,000,000 second pref. and
Stoekton dt Tuolum ne County B B .—See V. 70, p. 1250.
p. c. on the Tunnel Co’s. $1,250,000 common stock.
Stuttgart & Arkansas B lver B B .—Stuttgart to GreenSt o c k .—Capital stock outstanding Deo. 31, 1899, $1,441,200.
wald, Ark., 34 miles; branch 6 m. Sold April 16, 1900 to John
B onds , E tc .—The mortgage o f
T. Hicks, Manager Des Arc & Searcy Ry., and the S. & A. Riv was described in advertisement1889 (trustee, Central Trust Company,
in Ch ro n icle of February 13 1892
w ill, it was said, be extended from Stuttgart to Des Arc 35
1st consol, mortgage of 1894 (Central
of N. Y ., trustee ) is*
miles, and the two roads consolidated. V. 70, p. 7 9 3 . Year 1898-9 The $12,000,000 of 5 p. o. gold bonds, of Tr. Co.,$7,000,000 reserved
for
which
gross, $15,889; def. under operating, $3,366.—V. 66. d . 1190- V « 7 * to retire firsts of 1889 and $500,000 fop completion of East Belt Line.
p. 1358; V. 68, p. 189; V. 70, p. 281, 481, 688,793.
’
’
Guarantees the $3,500,000 St. L. Merchants’ Bridge Terminal 1st 5s
Sullivan County B B .—Road from Bellows Falls to Windsor and the interest on the $2,000,000 1st 6s of Merchants’ Bridge proper!
V t., 26 miles, of which 1 mile trackage. Road opened 1849; operated (See those Co’s.) On Deo. 31.1899, there was due from St. L. & Mer
since April, 1893, by Boston & Maine. Net earnings, less taxes paid chants’ Br. Terminal Co. $1,008,489 for advances on account of guar
lessor. Stock, $500.000, owned by Vermont Valley RR. For vear anty.
189899, gross, $261,472; net, $83,396; interest, etc., taxes, $32 346Bills payable Dec. 31,1899, $725,897.
dividends (8 p. o.), $40,000. (V. 65, p .8 6 7 .)
’
A n n ual R e p o r t .—Year ends Dec. 31. Report in Y. 70, p. 529, showed:
Ju l y , 1900. |
■RAILKOAD
STOCKS
______________ RAILROADS.____________
Miles Date Size, or
For explanation of column headings, &o., see notes of
Par
on first page of tables.
Road. Bonds Value.
Syracuse Geneva < C om ing—Stock (3 ^ p. c. rental)
&
$100
1st mortgage, s. f„ dr’n at par................. ......... e
57 1875 100 < o
fe .
2d mortgage........J............................................... c
57 1879 1,000
Tennessee Central Ky.—1st M., $5,000,000. HI S t. c* 250 1898
1,000
Term inal Railroad Association —lstm o rt., gold..c*
1889 1,000
1st consol, mortgage, $12,000,000, gold...... ...c *
1894 1,000
St. Louis Bridge Co. 1st pref. stock, guaranteed.
100
2d preferred stock, guaranteed, endorsed.......
100
1st mortgage, interest in gold........................ c*
1879 500 &c.
Tunnel Railroad of St. Louis, stock, guar, (end.).
Term inal Ry. (B uffalo) —Is tM .,$1,000,000,g., N.o*
11 1896 1,000
Terre Haute <6 In d ia n a n . —Consol. M.,now 1st M.,g. 116 1885
1,000
2d M., consol, g., re<L aft. July 1,1902, at 105..c 116 1892 1,000
Equipment trusts Oct. 31,1899..........................
Terre Haute <6 Logansport R R . —1st mortgage........
’ 93 1879
1,000
New mortgage of 1898, $2,000,000, goid............ 160 1898 1,0 >0
Terre Haute <6 P e o r ia —First mortgage, gold.........
138 1887 1,000
1st consol. M., $2,500,000, g., gu. p.& i. (end.)...o* 138 1892 1,000
Texas Central—Preferred stock, non-cum...............
1st mortgage for $2,000,000 gold, red. at 110..o* Ï76 1893 1,000
Texas M idland RR.—1st mortgage..........................
52 1893 1,000
2d mortgage...........................................................
52 1893 1,000
Ye*. < N. O. o f ' 74—Land gr. s.f.not drn., lstM ..c*& r 105 1875 1,000
&
Habine Divisen 1st mortgage, gold..............c*<fer 104 1882 1,000
Consol, mortgage for $4,195,000................. c*<fcr 209 1893 1,000
Texas Transportation Co., 1st mortgage............
Texas school fund June 30,1898 .......................
New 1st mortgage, $20,000 per mile (see tex t)..
1900
Texas < Pacific —Stock, $50,000,000........................ 1,506
£
100
1st M. (Eastern Div.), gold, s. f. red. at 100__ o* 519 1875 1.000
1st consol, mort. for $25,000,000, gold............ o* 1.387 1888 1,000
2d consol, inc. M. ($25,000,000), gold (see rem.)c* 1.387 1888 1,000
Port Allen branch m oitgage..............................
25 1899 1,000
AN D
BONDS.
til
Bonds —
Princi
INTEREST OR DIVIDENDS.
pal,When Due.
Amount
When
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Cent
Whom.
Dividend.
$1,325,000
3ia
Q .-F . N.Y., Gr. Cent. Station. Aug., »00, 78%
M15&N. N. Y., Farm. L. & Tr. Co. Nov. 15,1905
509,000
7
M. & S. N. Y ., Gr. Cent. Station. Moh. 1, 1909
600,000
5
205 000
fe
5 g. J. < J. St. L. Miss. Val. Tr. Co. Jan. 1, 1948
7,000,000
4ieg. A. & O. N.Y., J. P. Morgan & Co. Oct. 1, 1939
4,500,000
do
do
5 g. F. & A.
Aug. 1, 1944
J. & J.
2,490,000
6
do
do
July, ’00, 3%
3,000,000
3
J. & J.
do
do
July, »00, 1%%
5,000,000
7 g. A. & O. New York and London. Apr. 1, 1929
1,250,000
6
J. & J. N.Y., J. P. Morgan & Co. July, ’00, 3%
1,000,000
4 g. A. & O. N. Y., Grand Cent. Sta’n Apr. 1, 1946
1,900,000
5 S- J. & J. N. Y., Farm. L. & Tr. Co. July 1, 1925
600,000
J. & J.
do
do
July 1, 192&
I s249.208
6
J. & J. N.Y.,Farmers’L.&T.CO. Jan. 1, 1910
500.000
1,060,000
4 g. J. & D.
DbO. 1, 194»
36,000
In default.
5 g. M. & S.
Mar. 1, 1937
5 g. M. & S. M ar.,’96, coup.last paid Sept. 1, 1949
2,194,000
1.324,500 4 in 1899 Jan. N. Y., Moran, 54 Wm. St. Jan. 15/00,4%
365,000
5 g. A. & O. N.Y. Farm. L’n & T. Co. Apr. 1, 1923
5
J. & J.
150.000
None in 1897-98
1993
5
J. & J.
750.000
None in 1897-98
1993
F. & A. N. Y., S. Pao.,23 Br’dSt. Aug. 1, 1905
1,347,000
7
2,575,000
do
do
6 g. M. & 8.
Sept. 1, 1912
J. & J. N. Y ., Central Trust Co. July 1, 1943
1,620,000
F. & A.
350,000
i *
Aug. 1, 1923
M. & N.
6
370,885
2 p. ot. per an.
4
(?)
1930
38,720,280
3,241.000
6 g. M. & S. N.Y.,Merc.Tr.Co.<fe Phil. Moh. 1, 1905
21,745,000
do
do
5 g. J. & D.
June 1, 2000
23,204,402
5 g- Moh. 1. liq p o. pd. M ch.l, 1900 Dec. 1, 2000
M. & 8.
312,000
5
Sept. 1, 1929
Fear—
Gross
Net.
Other inc.
Charges.
Balance.
Texas M idland R R .—Road from Ennis on Houston < Texas
fe
1899..
.. $2,119,209
$1,360,265
$348,630 $1,428,343 sr.$'80,553 Paris, Texas, 125 miles (of which 52 miles Greenville
Central Ry. to
1898..
.. 1,997,753 1,263,467 348,346
1,375,383 sr.236,430 to Paris completed in Oot., 1896.) Of the 125 miles, 14 are trackage
1897..
.. 1,862,228 1,184,641 335,462
1,411,918 sr.108,185 over St. Louis Southwestern. Formerly part of Texas Central
President, Julius S. Walsh (March, 1900); Secretary, James Hanna; Ry.; in 1893 purchased by Mrs. Hetty Green. It was reported in
March, 1899, that rails had been purchased to extend the road from
Treasurer, A. H. Calef. (V. 66, p. 572; V. 68, p. 568; V. 70, p. 529.)
Dallas and Waco,
Term inal R y. of RufTalo.—Blaisdell, N. Y., to Depew, Erie Greenville to to be deferred for130 miles, but in June, 1899, extension
the present.
Co., N. Y., 11 miles. Opened Sept. 15,1898. V 67, p. 530. Stock is was reported
St o c k .—$500,000; par, $100. Total current liabilities July 1,1898,
$1,000,000; par, $100. Lake Shore& Michigan Souttu-rn and N. Y. C.
& H. R. RR. each own 5,000 shares of the stock. From Sept. 15,1898. $2,011,4° 9, including $176,866 unpaid coupons. For year 1898-99,
to June 30.1899, gross, $55,756; net, $38,748; interest and taxes, gross, $477,723; net, $69,947; charges, $56,809; improvements, $74,$31,476; balance, surplus, $7,242. Secretary, E. Y. W. Rossiter, New 884; def., $61,746. Pres., E. H . R. Green,Terrell, Tex.—Y.63, p. 839.
York City.—V. 64, p. 1138; Y. 67, p. 530.
T exas & N ew O rleans R R . (o f 18 7 4 ).—Houston,Tex., to Orange
Term inal R R . & Tnnnel Co. o f New Yorfc.—V. 70, p. 281- (Sabine River), 105 miles; and Sabine Pass to New Homer. 128 miles;
Terre Haute & Indianapolis R R .—ftfee Map Pa. R R .) —Owns Houston to Clinton, 8 miles: Dallas to Athens, 76 miles. In May, 1900,
Indianapolis to Illiaois State line, 80 miles, with coal branches, 43 contracts let for extension from Athens to Nacogdoches, 22 miles;
miles; total, 123 miles. Leases St. Louis Vandalia & Terre Haute, 158 total, 317 miles.
In May, 1899, purchase and consolidation of the Sabine & East
miles; Terre Haute & Peoria (less trackage rights on 28 miles and half
ownership in 8 m ), 174 m.; E. St. L. & Carondelet Ry. (op. under con Texas, the Louisiana Western Extension and the Texas Trunk RR. (the
latter Dallas to Cedar, Tex., 52 miles), was authorized, provided a con
tract) 13 m.; total, 468 m. Pa. Co. owns a large block of the $1,988,150
necting link be built to form with them a continuous line from Dallas,
stock.
Tex., to present terminus of Sabine & East Texas Ry. at or near
R eceivership .—On Nov. 13,1896, Volney T. Malott, of Indianapo Sabine Pass; additional bonds under a new mortgage of the Texas &
lis, Ind., was appointed receiver. See statement in V. 63, p. 1011. New Orl. to be issued thereon and the bonds of the old companies can
Decision in tax case Apr., 1900, V. 70, p 842. On mne, 22, 1900, celed.—V. 68, p. 1026. On Sept. 20, 1899, the stockholders author
suit was brought on several notes to recover $148,000 and interest.— ized these measures, and in Mar , 1900, track-laying was reported in
V. 70, p. 1292.
progress. In Dec., 1899, Texas Trunk Ry. was acquired.—V. 69. d .
D ividends ; 1878 to 1884, 8; 1885 to Feb., 1894, 6 p. o.; none since.
1347,696.
On Oct. 31,1899, bills payable, $148,000; accounts payable, $14,Securities E tc.—A reorganization In 1874. The stock Is $5,000,000,
980; locomotive trusts and interest. $249,208.
all but $2,500 of it being owned by the Southern Pacific. First 7s are
Guaranties —Interest on T. H. & Peoria bonds went to default, but purchased by the sinking fund at not over 110. Subsidy lands -T
an. i
interest on Terre H. & Indianap. consol. 5s of 1885 and 1892 has been 1894, were 734.969 acres; other lands 115,523 acres.
paid when due.—V. 67, p. 30; V. 70, p. 992,1049.
The stockholders were to vote on July 16,1900, to authorize a first
A nnual R eport .—Fiscal year ends Oct. 31. Report for 1898-9 was mortgage securing 30-year 4 per cent bonds at $20,000 per mile on the
given in V. 70, p. 992, showing 123 miles owned, gross, $1,501,- line of railroad recently purchased and under construction from Rock
589; net, $529,217; oth. incime, $59,640; interest, $125,000; loss in land to Dallas, Tex., about 190 miles, and extensions and branches
operating leased lines, $75,575; balance, surplus for year, $388,282. hereafter acquired or constructed up to 40 miles and also upon the
In 1897-8, gross, $1,381,453; net, $164,670; interest, $125,000; loss line recently purchased from Orange to the Sabine River, in Orange
,
in operating leased lines, $108,181; balance, surplus, $231,489; other County, Tex.—V ."0, p. 997.
income not included above, $12,350.—(V. 67, p. 30, 1305; V. 70, p.
E arnings.—11 mos., > 1899-1900.Gross, $1,739,900; net, $545,248
99 2, 1049, 1292.)
July 1 to May 31. \ 1898-1899.Gross, 1,720,343; net, 725,114
Terre Haute & Logansport R y .—Owns from South Bend, Ind.,
In year ending June 30, 1899, gross, $1,864,921; net, $766,928;
to Rockville, Ind., 159 miles; trackage, Rockville to Terre Haute, 23 surplus, including other income, over charges and taxes. $481,246.
miles; steel, 60 and 701b. Successor on Deo. 1, 1898, to the T. H. & In 1897-8, gross, $1,491,831; net, $538,910.—(V. 69, p. 386, 696; V.
L. R ailroad, sold Nov. 18, 1898, to J. T. Brooks, of Pennsylvania 70, p. 995.)
Co., under foreclosure of extension mortgage of 1893.
Texas & Pacific R y ,—R o ad : New Orleans, La., westerly to El
B onds , E tc .—Stock, $2,000,000. O f the new 4s of 1898, $500,000 Paso, Texas, 1,152 miles; Marshall via Texarkana Junction and Whiteswas set aside to redeem the 1st 6s and $400,000 w ill be issued from boroto Fort worth, 316 miles; branches, 49 miles; total, 1,517, of
time to time for improvements. Due Pennsylvania Co. for advances, which 92 miles, Sierra Blanco to E l Paso, is trackage, leaving 1,425
Dec. 31, 1899, $100,000, with interest at 4 per cent. V. 70, p. 1046.
miles owned. In 1898 the T. & P. built a new line from Waskom,
E arnings —Fiscal year ends Deo. 31. Report for 1899 was given in Tex., to Reisor, La., 14 miles, used as a part of the main line instead
of line theretofore leased of Vicks. Shreveport & Pao. RR. from State
V . !J0,p.1046, showing gross, $766,563; net, $147,640; int. and rental,
$82,519; betterments, $55,799; bal., sur., $9,322. In 1898 gross, Line to Shreveport. La., and lease was given up Jan. 1,1899. V. 67,
$694,826; net, $134,239.—(V .67,p. 1111,1 2 0 9 ,1 3 0 5 ; V .70,p. 1 0 4 6 .) p. 75. In Feb., 1900, branch from Port Allen to New Roads, La., 25
Terre Haute & Peoria R R .—fSee M ap o f P ennsylvania R R .)— miles, included above, was completed. V. 70, p. 581. In July, 1900,
reported in
Road operated from Terre Haute, Ind., via Decatur, to Peoria, 111., 174 track-layingLa., 30 miles. progress on branch from Donaldsville to
miles, of which 138 miles are owned and half interest owned in 8 Thibodaux,
Organization .—In 1888 reorganized by the plan in V. 43, p. 164, and
miles and 28 miles is by trackage over other roads. From Oct. 1,1892.
leased for 99 years to the Terre Haute & Indianapolis at rental of 30 V. 45, p. 401, without having the foreclosure sale confirmed, thus pre
per cent of gross earnings, with a minimum sufficient to pay interest serving the original Federal charter. Land assets Jan. 1, 1900, were
on debt. See V. 55, p. 766. Lessee owns $544,200 of the $1,837,400 77,340 acres, a large number of town lots and land notes $37,987
and$6,104 cash. See also Tex. Pao. LandTrustin “Miscellaneous Cos.”
preferred and $1,388,000 of the $1,926,800 common.
Stock.—Mo. Pacific Dec. 31,1899, owned $6,525,000 stock, pledged as
C om m ittee . — Interest due Sept. 1, 1896, was not paid. Bond
holders’ Committee—
Chairman, Mark T. Cox, James A. Blair, James part security for its funding notes of 1895 and valued for purpose of
withdrawal at $978,750.
W. Paul, Jr. Depositaries. N. Y. Security & Trust Co. N. Y., and
Drexel & Co., Phila. A majority of bonds has been deposited and i eB onds.—Trustee of fir s t m ortgage of 1888 is Fidelity Ins. Trust & Safe
oeiver appointed for the T. H. & I. RR. (lessee).
Deposit Co., of Philadelphia; of second mortgage of 1888 Mercantile
, The consols I Union Trust Co., N. Y., trustee], carry the guaranty of Trust Co., of New York. (See mortgage abstracts, V. 47, p. 82.) First
the T. H & Indianapo is.
In May, 1900, the U. S. Circuit Cou't of payment on incomes, 1^ p. o., made Mar. 1,1900. V. 70, p. 329.
Appeals affirmed the validity of the guaranty.—V. 70, p. 99 -, 1049.
Interest scrip, income and land grant bonds (a stock liability, refer
Fiscal year ends Oct. 31. In 1898-99, gross, $442,330; net, $70,940; able under reorganization agreement), $274,102; other scrip, $9,331;
rental from lessee, $132,699: balance, loss to lessee, $61,759. In $438,000 Eastern Division 1st 6s were called for redemption on March
1897-98, gros-, $474,346; net, $60,477; rentals to T. H. & P., $142,304; 1,1899, and $105,000 on March 1,1900.—V. 69, p. 744.
balance, loss to lessee, $81,827. (V. 67, p. 1306; V. 70, p. 993,1050.)
F inances.—On second 5s there is no right to foreclose unless default
Texas Central R R ,—R o a d —Runs from Ross, in McLennan Co., is made on first mortgage. Holders of one-third of the outstanding
to Albany and Btamford, Tex., etc., 215 miles, of which Ross to Waco, seconds, however, can require the trustee to enter upon and operate
12 miles, is Houston & Texas Central trackage, and extension Albany the property. The company has been spending its earnings in needed
to Stamford, 39 miles, was completed Feb., 1900. Projected further improvements, but in March, 1900, made its first payment on incomes,
to Las Vegas, New Mex. Successor in Jan., 1893, of the railw ay fore viz., lig per cent.
closed. On July 1,1898, $300,000 additional firsts were held in treas
In Mar., 1900, all except $1,124,402 of the Texas & Pacific seconds
ury. Common stock is $2,649,400; preferred, see table.
had been exchanged for 65 per cent in new St. Louis Iron Mountain
D ividends on P referred .—In 1896, 3 p. c.; in 1897, 3 p. c.; in < Southern gold 4s, bearing interest from July 1, 1899, a syndicate
te
1898, 3 p. o.; in 1899, 4 p. o.; in 1900, Jan., 4 p. c.
offering to purchase at 85 the new bonds reoeived in exchange. See
Latest E arnings. - 4 mos., J 1900...... Gross, $108,738; net, $26,284 Iron Mountain statement following Missouri Pacific. V. 68, p. 525»
Jan. 1 to Apr. 30.
¿1899...... Gross, 91,602; net, 25,441 619, 725, 774; V. 70, p. 533.
E arnings.—Jan. 1 to June 30, 6 months, gross, $4,039,689 in 1900,
Report for year ending June 30,1899, was in V. 69, p. 644, showing:
Gross, $394,40-; net, $165,870; interest, $17,754; div., $52,980; $3,740,027 in 1899.
improvements, eto., $55,322; balance, surp., for year, $39,814. In
A nnual R eport.—Annual meeting is held in New York on the third
1897-8 gross, $364,766; net, $147,378. (V. 65, p. 622 ;V. 66, p.428, Wednesday in March. Report for 1899 was tn V. 70, p. 581, 634. Com
519; V. 67, p. 949; V. 69, p. 284, 64 4.)
parison with earlier years impracticable, owing to changes in methods
142
INVESTORS’
SUPPLEMENT..
[Y ol .
lxxi
J u l y , 1900.]
RAILROAD
STOCKS
AN D
BONDS.
143
Subscribers w ill confer a. great favor by giving immediate notice o f any error discovered in these Tables.
RAILROADS.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or Amount
pal,When Due.
For explanation of column headings, Ac., see notes of
Of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Tioga B B .—Stock '$189,700 is preferred)...............
$50
$580,900
1st M., due 1882 and extended, gold....................
46 1852 500 Ao.
239,500
5 g. M. A N. Phil.,Newbold’sSonACo Nov. 1, 1915
Extension bonds...................................................
46 1875
265,000
1 ,0 0 0
7
A. A O. Elmira,ChemungCo.Bk. Oct. 1, 1905
Elmira State Line Railroad 1st mortgage, guar..
7 1875 500 Ac.
160,000
7
A. A O.
do
do
Oct. 1, 1905
Toledo A Ohio Central—Stock[$3,708,000 p ref.].,.,
. .. .
. ...
100
10,208,000 . . . . . .
N. Y ., Central Trust Co. July 25 ’96,114
1st M., g.,lim ited to $3,000,000 (Y. 53, p. 436)... 196 1885
1 ,0 0 0
3,000,000
5 g. J. A J.
do
do
July 1, 1 9 3 5
Western Div. 1st mort. for $2,500,000, gold.... c* Text. 1892
1 ,0 0 0
2,500,000
5 g. A. A O.
do
do
Oct! i ; 1935
General M. (Y. 62, p. 594) ($2,000,000), g. Ce,.c* 335 1894 1 ,0 0 0
2,000,000
J. A D.
do
do
June 1', 1935
Oar trusts, Deo 31,1899 (principal)......................
322,744 5,6 & 'f * Various
lo t. A Ohio Cent. Ext.— Marietta Mineral 1st M., g..
39 1885 100 Ac.
650,000
6 g• M. A N. May, ’93, coup, last pd. May 1, 1915
1st mortgage for $1,500,000, gold.................... c*
15 1888
1,000
850,000
5 g. M. A N.
See text.
Nov. 1, 1938
General mortgage..................................................
1891
1,000
600,000
5
F. A A.
In default.
Aug. 1, 1911
Toledo P eoria A west.—1st M., (for $5,000,000), g.o* 230 1887
1,000
4,895,000
4 g. J. A J. N. Y., Am. Ex. Nat. Bk. July i ; 1917
Deben. scrip (secured by 1st M. coups, in tru st).
. .. . ..
5
220,275
Jan. N. Y., Farm. L. A T. Co. Jan. 1, 1905
Toledo St. L ouis A Kansas Oity .—Receivers’ otfs.... 451 1898
1,000
140,000
5
F.AA./y N. Y ., Oont’l Trust Co.
Any time.
1st mortgage, g. (abstract m V .45,p.403).Co.o* 451 1886
1,000
9,000,000
6 g. J. A D. Dec. ’92, coup, last pafd June 1, 1916
Toledo St. L ou is A Western—N e w Se c u r it ie s to
b e O utstanding under P lan .
Common stock $10,000,000.................................
Preferred stock, 4 p. c., non-oum., $10,000,000..
Prior lien m ort, $10,000,000, gold.....................
1st M., g.. $6,500,000, subj. to call aft. July, 1925.
Toledo Saginaw A Muskegon —1st mortgage............
Toledo Walhonding Valley A Ohio—Stock...............
Gen. M. ($20,000 p. m .),) A, guar. p. < i ...........c*
f
e
$4,000,000, gold........]B ,
do
............ o'
Tor. Ham. A B uff.—1st M., g., $40,000p. m. A B .e*
Transylvania—1st M., g., $160,000, gu. p.& i.end.c
Traverse Oity B B .—First mortgage, gold................
Troy A Qreenbush —Stock, 7 per cent rental, N.Y.C.
• •••
451
451
96
125
125
"88
22
26
6
. ...
1900
1900
1888
1891
1893
1896
1899
1883
r...
100
100
i ‘000
,
100
1,000
1,000
1,000
1,000
1,000
50
10,000,000 To be in voting tr ust f o r fiv e years.
10,000,000 To be in voting tr net fo r fiv e years.
9,000,000
3^2 g. J. A J In t. from July 1,1900. July 1, 1925
6,500,000
4 g. A. A 0. In t from Oct. 1,1900. Apr. 1, 1950
1,662,000
5
J. A J. N. Y., Office, 271 B’way. July 1, 1918
2.500.000
1.500.000
4ia g. J. A J. N.Y., Farmers’ L’n A Tr. July 1, 1931
978,000
4*3 g. J. A J.
do
do
July T, 1933
3,280,000
4 g. J. A D. N. Y ., Bost. A London. July l | 1946
5-4 g. M. A N. Merc. Trust Co., Pittsb. May 1, 1919
75,000
250,000
3 g. J. A J. July,’99, pd. Mch., 1900 Jan. 1, 1933
275,000
7
J.AD. i j
Troy, N. Y.
June lS ’CO^^
of accounting to comply with Texas laws. Net earnings for 1898 are
Exchange o f Securities .—The basis of exchange is as follows:
as far as possible revised to same basis.
Pay
-A n d BeceivePresent Securities. Assess.
3Vs.
48. P ref. Stk. Oom.Stk.
T ear ending Bee. 31—
1899.
1898.
1897.
1st M. 6s for $1,000....None
$1,000
$625
Gross earnings.............................. $8,300,186 $8,006,504 $7,588,648
$300
75
Net earnings.................................. 2,451,320 2,299,039 2,115,646 Pref. stock for $100... $20
$20
25
75
In 1898-99 other receipts, $130,575; int. on bonds, $1,283,865; bet Com. stock for $100... 12cash requirements aggregate $14,847,982,
Cash B equirem ents .—The
terments, etc., $601,702; taxes, $249,344; bal., sur., $446,984. Final of which $12,639,000 to acquire $9,00 ',000 old 6s at 130, expenses of
results in earlier years were: In 1898, surplus,$31,151; in 1897 old committee and old unsettled claims, and $2,208,982 for improve
surplus, $447,969; in 1896, deficit, $6,011.
ments, expenses of reorganization, etc. Amount required in excess
—(V. 69, p. 133,744; V. 70, p. 329, 533, 58 1, 634, 947.
of stockholders’ payments w ill be met by underwriting syndicate.—
Toledo Sc Ohio Central B y . - ( See M a p )—This road, well shown (V. 70, p. 1096, 1150, 1196,1250, 1292; V. 71, p. 31, 85,136.)
on the accompanying map, is made up as follows:
Toledo Saginaw Sc Muskegon R y .—From Muskegon, Mich., to
L in es owned.
Miles.
Trackage (37 m iles.)
Miles. Ashley, Mich., 96 miles. The Grand Trunk of Canada owns the $1.600,Toledo to Bremen..................... 173 In Toledo (L. 8. A M. S.1
).........
1 000 stock issued, and above bonds have a traflio guaranty. In June,
Alum Creek to Truro Juno....
4 Bremen to New Lexington.... 11 1900, the Chic. A Grand Trunk disaffirmed the lease and the Grand
New Lexington to Corning__ 13 To M illfleld and to Camngton 25 Trunk^Ry^will operate the road. V. 7 ), p. 85.
Prentice to Thurston............... 145
T ear B ee. 31. Gross.
Net.
Interest.
B eficit.
Traf. guar.
Total operated................ 372
1899.........$133,328
$78,973
$83,100
$4,127
Total owned...................... 335 Kanawha AMich. (whichsee)..164 189 8........ 131.730
75,662
83,100
7,438
$51,824
- V . 71, p. 31, 85.
O r g a n iza tio n .—Successor in 1885 of Ohio Central foreclosed.
In Dec., 1899, the Hocking Valley Ry. acquired $4,080,000 com
T o le d o St. L o u is Sc W e s te rn R y .—R oad —Owns from Toledo
mon and $1,812,100 preferred stock in exchange for 70 per cent of to East St. Louis, 451 miles (61 ^ lbs. steel); sidings, eto., 72 miles,
Hocking Valley stock of the same class, and the minority stockholders also has trackage to St. Louis and Toledo Union depots.
were offered the same terms. V. 69, p. 1347. See also Hocking Val
Organization .—Incorporated in July, 1900, as successor of the
ley item, V. 69 p. 1345. The properties w ill be operated separately.
Toledo St. Louis A Kansas C ityR R. (foreclosed-see that company
Sto c k .—Preferred is entitled to 5 p. o. non-cum., then common to 5, above), per plan V. 70, p. 1096. The new company w ill take posses
then preferred to 2, then common to 2, then both share, pro rata.
sion Aug. 1,1900. — 71, p. 85.
V.
v
V oting T ru st .— Both classes of new stock w ill be vested for five
D iv id e n d s .—On common : In 1891, 2 p. c.; 1892, 4; 1893, 2; none
years in the following voting trustees: Frederic P. Olcott, Thomas H.
since. On pref. April, 1890, to July, 1896, Inclusive, 5 p. o. yearly.
B onds .—Western B ivision mortgage covers the road from Toledo Huobard and W illiam A. Read, who may sell the stock at anytime,
to Truro Junction, 139 miles, and also (subject to the first mort subject to the approval of a majority in amount of each class of trust
gage of 1885) the rest of the property. See V . 55, p. 322. 545, 590, 625. certificates. .—Of the prior lien 3*ss $1,000,000 is reserved to be
N e w B onds
The Toledo A Ohio Central guarantees the principal and interest of issued after Jan. 1 ,1 9 0 2 , at not over $250,000 per annum. Additional
the Kanawha A Michigan first mortgage bonds. (St e that company.)
first mortgage bonds, not to exceed $10,000,000, may be issued at any
On Dec. 31, ’99, loans payable were $680,337, but in Feb., 1900, had time to retire the prior lien bonds.
been paid off in greater part, or provided for.—V. 70, p. 431.
P osition o f New Com pany.—The committee estimates that within a
Gross.
Net.
Fixed
B al., in ti.
reasonably short time the gross earnings can be increased to about
E arnings .—11 mos. E arnings. E arnings. Charges, other income. $2,400,000 yearly and the net to about $840,000, and that when the
July 1 to (1899-0....$2,144.590 $680,508 $367,214 sur.$322,638 improvements contemplated by the cash requirements of the plan
May 31.. (1898-9.... 1,733,370
453,627
371,953 sur. 106,266 have been made, the net earnings can be still further increased. The
A nnual R epo r t .—Fiscal year ends June 30. Annual meeting is held fixed charges of the new company at first w ill be $575,000 yearly.
at Toledo on the first Monday in September. Report for 1898-99 in V.
E arnings.—9 mos. ) 1899-0 .........Gross, $1,519,764 ; net, $262,685
69, p. 901. Of total tonnage 64 p. c. in 1898-99 was bituminous ooal.
July 1 to Mar. 31. 5 1898-9.........Gross, 1,596,907; net, 320,954
---------Tears end. June 30—
1899.
1898.
1897.
1896.
Tear.
Gross.
Net.
Interest.
Taxes.
Balance.
Gioss earnings............. $1,897,868 $1,779,614
$1,750
.....1898-99........$2,062,738 $535.545 $540,000 $104,4 00
Net earnings...............
601,413
533,918
465,704
617,845 1897-98......... 2,245,974 356,956 540.000 90.000 def. $108.855
----------------- def. 273,044
Other income..............
24,855
10,255
8,208
9,532 1896-97......... 2,232,001 470,223 540.000 90.000 def. 159,777
- V . 71. p. 31, 85, 136.
Total net income
$626,268 $544,173 $473,912 $627,377
Toledo W alhon din g Valley Sc Ohio
R
Interest, taxes, etc......
497,956
464,536
467,475
469,562 operation from Toledo Junction to Toledo, O.,R80 .—Owns road in
miles,
Dividends..........................................................
46,350
185,400 Loudonville to Coshocton, O., 45 m.; total owned, 125 miles;and from
trackage
(Pitts. Ft. W. A O.) Toledo Jet. to Mansfield, O., 7 m.; total, 132 miles.
Balance for y e a r....sur. $128,312 sur.$79,637 def.$39,913def.$27,585
L e a s e , E tc .—Leased for net earns, to the Penn. Co., which guaran
President, D. Axtell; Vice-Pres., N. Monsarrat.—V. 70, p. 431.
tees the bonds. Pennsylvania RR. owns $1,920,000 of the stock.
E arn in gs .—For year ending Deo. 31,1899, gross. $929,002; net,
Toledo Sc Ohio Central Extension R B , - See Sup. Oct., 1899.
$199,280; other income, $20,721; interest, etc., $111,520
Toledo Peoria Sc Western T ty .—( See M ap o f P ennsylvania B B .)
Toronto H am ilton Sc Buffalo R R .—Road Hamilton to
—Owns from Effner, Indiana State une, to Warsaw, 111., 220 miles ; La
Harpe to Iowa, HI., 10 m.; jointly with Wabash, 1 mile ; trackage to Waterford, Ont., 43 miles, and Hamilton to Welland, 38 miles, total,
including branches, 88 miles; connects at Hamilton with Grand Trunk
Peoria and Burlington, la., 17 m.; total, 248 miles.
O r g a n iz a tio n .—In 1894 joint ownership and management by Pa. of Canada and Canadian Pacific Ry. (See V. 62, p. 319.) Under
Michigan
RR. and C. B. & Q . was arranged. Stock $4,500,000 (par $100), of traffic agreement made in 1895 with N. Y. Central,practically Central,
Canada Southern and Canadian Pacific, interest is
guaran
which $423,100 in treasury in 1899. Mort, abstract, V. 45, p. 242.
V. 68, p. 475, and advertisement in C hro
In October, 1894 (3 coupons), were paid $5 in cash and $15 in deben teed. See Of the stock, $2,500,000,19 per cent is held nicle of March
11,1899.
by the Canadian
ture scrip. (See V. 61, p. 514.) Equipment trust M ar.3 1,1900, $177,460. Pacific and 51 per cent by the N. Y. Central.—See V. 61. d . 753: V. 63.
A nnual R e p o r t .—Report for 1897-98 in V. 67, p. 948:
n. 359; V. 68, p. 475,1134; V. 69, p. 29.
>v
•
>
Tear.
Gross E am 'os. N et B evenue. In t. A Taxes.
B alance.
Transylvania R R .—Hendersonville to Brevard, N. C., 22 miles ;
1899 00............$1,077,890
$270,933
$270,263
$670 extension. 10 m., nearly completed in July, 1900, from Brevard to
1898-99...........
976,657
269,803
269,453
350 Eastatoe Ford. A reorganization of the Hendersonville A Brevard RR.,
1897-98..........
982,651
273,119
267,552
5,567 sold in foreclosure May, 1899. Stock authorized, $320,000; par $100;
—V. 63, p. 26, 5 0 1 ; V. 65, p. 514; V. 67, p. 948.)
all outstanding. V. 68, p. 926. Mortgage trustee is Mercantile
Toledo St, Louis Sc K ansas City R R .—Property was sold on Trust Co., Pittsburg. Bonds are guaranteed, principal and interest
Mar. 27,1900, to the reorganization committee. Sale was confirmed by Toxaway (land) Co. of North Carolina. V. 69. p. 182. For year end
A pril 17,1900, and new company w ill take possession Aug. 1. See 'Jo- ing June 30,1899 (22 miles) gross, $11,657, net, $1,895, Pres., W. P.
Potter. Pittsburg; Sec., C. H. Stolzenbach; Treas., G. W. Eisenbeis.
leao St. LouisA Western below.—(V. 70, p. 634, 740, 793, 843.
Bondholders' Committee.—The new reorganization committee (Cen
Traverse City R R .—Owns road from Walton to Traverse City,
tra l Trust Co., N. Y., depositary) consists of Frederick P. Olcott, Wil Mich., 26 miles; opened in 1872. Leased in 1883 to Grand Rapids A
liam A. Read, Henry Budge and J. Kennedy Tod.
Indiana RR., but not included in the reorganization of that oompany
R e o r g a n iza tion P lan .—In May, 1900, the above-named commit in 1896. Coupons 1st mort. due July 1, 1899, were paid in Mar.,
tee arranged with the holders of the old 6s deposited with the Conti 1900, at office of Winslow, Lanier & Co., N. Y. There are $190,000 of
nental Trust Co. to purchase their holdings at 130 per cent net in 5 p. c. incomes outstanding. Capital stock is $205,000; par $100.
cash, the [holders also to have the option to participate in the new For year ending Dec. 31, 1899, gross, $48,705; net, $8,748; interest
plan of June, 1 00 (V. 70, p. 1196), offering terms to the junior secur on bonds, $7,500; bal., surplus, $1,248. In 1899, Jan. 1 to Juner 30, 6
ity holders. Under this plan the Toledo St. Louis A Western Ry., in mos.), $22,939 gross in 1899; $19,628 in 1898.—V. 67, p. 75,1310.
corporated in July, 1900 (V. 71, p. 85), w ill issue the securities shown
Troy Sc Greenbush R R .—Owns from Troy to Albany. 6 miles
n the table above.
double track; leased to N.Y. Central in 1851 at 7 p.c. on $275,000 stock.
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Ju l y , 1900.]
RAILROAD
STOCKS
AMD
147
BONDS.
Subscribers w ill confer a great favor by giving immediate notice o f any error discovered In these Tables.
B onds—Priho»
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due
MUes Date Size, or Amount
of
Par Outstanding Rate per When Where payable, and by Slocks—Last
For explanation of column headings, &c., see notes of
Whom.
Dividend.
Cent. Payable
Road. Bonds Value.
on first page of tables.
Tuscaioosa Belt—1st mortgage, $100,000, gold.Kc
Tuscarora Valley —1st mortgage,$150,000, gold...
Tuscarora RR., 1st M. (on ext.), $310,000, g.M p.c
UlsterADelaware Stock ($3,000,000 authorized)..
'27
31
1893 $ 1 ,0 0 0
1897
1898 1 ,0 0 0
100
Consol. M. for $2,000,000, gold...... ................. 0 * ÏÔ 2 1888 1 ,0 0 0
100
Unadilla Valley—Stock ($200,000 authorized).....
1st M.,$250,000,$12j500 p.m.,g., red. at 110 c*<fer "2 Ö 1893 500 &o.
100
U n io n P a c ific I t It. —common stock, $96,178,700
100
Pref. stock, 4 per cent, non-cum., $100,000,000..
ir
1st M. Ry and land grant, $l0o,600,000 g ....M e 1.835 1897
100
United N. J. BE. A Canal Co.—Stock, lO p.c. guar..
General mortgage of) loans of 1901, gold........c *0 rH ’73-’76 1 ,0 0 0
’71 for $20,000,000, loan of 1908, gold..........r h § 1878 1 ,0 0 0
(now 1st mortgage) Vloan of 1923, gold..........r a I 1883 1 ,0 0 0
1889 1 ,0 0 0
F P , s e c u re s all ] loan of 1929, gold...... o&r
8
equally.
J loan of 1944, gold.......c&r 8 < 1894 1 ,0 0 0
97
100
Utica Chen. A Susa. Val.—Stook,6 p.c.gu. by D.L.&W
100
Utica Clinton A Binghamton —Stock........................
81 1889 1 ,0 0 0
1st mortgage, guar, by D. & H ...................
11
100
V alley ( N . x . ) —Stock, 5 p. o. guar, by D. L. & W ...
11 1881
1 ,0 0 0
1st mortgage (for $500,000)..................................
62 1881 1 ,0 0 0
V alley (V irgin ia )—1st M., $1,000,000, see te x t....e
2 0 1893
1 ,0 0 0
Velasco Term inal Ry.—1st mortgage, $800.000......
59
100
Vermont A Mass.—Stock, 6 p. c. guar, by Fitohburg
1883 1 .0 0 0
Bonds, not mortgage (guar, by Fitchburg RR.) .o*
24
50
Vermont Valley o f 1871—
Stock..............................
24 1880 1 ,0 0 0
1st M., with $56o,000 Sul. Co. RR. stock asooL.c
$95,000
150.000
<
») „
1,794,600
1,997,300
2 0 0 .0 0 0
1933
5 g. J. & D. N. Y ., Kniokerb, Trust.
July 1, 1917
5 g. J. & J.
5 g. J. & J. N. Y .f Metropol. Tr. Co. July 1, 1928
5 g- J. & D. N. Y ., Central Trust Co. June 1, 1928
250,000
5 g95,686,700
99,223,100 3 i*in ’99
96,458,000
4 g10
21,240,400
5,669,000
6 g841,000
6 g.
1,824,000
4 g6 ,0 2 0 ,0 0 0
4 g4 g.
5,646,000
6
4,000,000
849,285 See text.
5
800,000
5
750,000
5
400,000
6
750,000
5
400,000
6
3,193,000
5
1 ,0 0 0 ,0 0 0
6
1 ,0 0 0 ,0 0 0
5
800,000
J. & J. N. Y., Floyd & Moore. Jan. 2, 1933
A. & 0. N. Y. Office, 120 B’way. Apr. 2, ’00, l i*
Apr. 2,1900,2
do
do
A. & O.
J. & J. ln t. from Jan. 1,1898. July 1, 1947
Q .-J . Phila. and N.Y., Offloes. July 1 0 ,'0 0 ,2 ift
Moh. 1, 1901
do
do
M. & S.
Sept. 1, 1908
M. & S. Philadelphia Office.
Feb. 1, 1923
do
do
F. & A.
Sept. 1, 1929
do
do
M. & S.
N.Y..N. Bk.Com. & Phil. Moh. 1, 1944
M. & 8 .
M. & N. N. Y., Del. L. & W. RR. May, 1900,3%
See text.
F & A 1 0 Utioa, N. Y.. On. N. Bk.
J. & J. N .Y ., Security <fcTr. Co. July 1, 1939
J. & J. N. Y., Del. Lack. & West. July’ ’00, 2i*%
Aug. 1, 1911
do
do
F & A.
A. & O. N. Y .. Merc. Tr. &Balt. Oot. 1, 1921
Aug. 1, 1943
In default.
M. & S.
A. & O. Bost., 53 Devonshire St. Apr., 1900, 3%
M. & N. Boston, Fitohburg RR. May 1, 1908
July 2, ’00,3%
Bellows Falls.
J. & J.
A. & O. Boston, S. Dep. & Tr.Co. Oot. 1, 1910
H $500 and $1,000.
Tuscaloosa Belt B y ,—Owns about 6 i* miles of Belt road in
Tuscaloosa, Ala., and suburbs. Capital stock authorized, $100,000;
issued, $26,000 ($100 shares.) General Manager, J. W. Woolfolk,
Tuscaloosa, Ala., or 15 W all Street, New York.
Tuscarora Valley R R .—Owns narrow-gauge road (3 ft.) from
Port Royal to Blair’s Mills, Pa., 27 miles, proposed to be changed to
standard gauge during 1899. Extension from Blair’s M ills to MoConnellsburg, 31 miles, being built under charter of Tuscarora RR. (stock,
$310,000; par, $50), and in Dec., 1899, over one-half was completed
Tuscarora RR. bonds w ill probably be guaranteed. Stock, $300,000;
par, $50; outstanding, $150,000. Year ending June 30, 1899, gross.
$21,991; net, $12,266. President, T. 8 . Moorhead; Vice-President and
Treas., J. C. Moorhead; Sec., D. B. McWilliams.—Vol. 67, p. 1162.
Ulster & Delaware R R .—Owns from Kingston Point (Hudson
River), N. Y. to Stamford, 75 miles; proprietary roads, entire stock
owned: Stony Clove & Catskill Mt. RR., Phoenicia to Hunter, 15 m.;
Kaaterskill RR., 7 m. Leases, Delaware & Otsego RR., Hobart to
Bloomville, 9 miles; Hobart Branch RR., 4 m.; total, 116 m. Exten
sion from Bloomville northwest to Oneonta, 20 miles, operated from
July, 1900, giving a through line from Kingston to Oneonta, 109 miles.
V . 71, p. 136. Loans and bills payable June 30,1899, $246,000.
Y rs.end.June 30. Gross.
Net.
Other inc. ln t.. taxes, etc. B al.. sur.
$10,900
$103,729
$11,023
1898-99.........$417,193 $103,852
116,065 10,000
119,956
6,109
1897-98......... 405,267
—(V. 65, p. 568 ; V. 67, p. 478; V. 69, p. 382; V. 71,136.)
Unadilla Valley R ailw ay.—Owns road from Bridgewater to
New Berlin, N. Y., 2 6 miles; opened in July, 1895. Connects D. L. &
W. with New Berlin branch of N. Y. O. & W. Income bonds, $30,700
20-year 5s. Interest on firsts was not paid, but funded for 5 years.
Year 1898-9, gross, $28,297; net, $7,280; interest, $12,604; balance,
deficit , $5,324. Pres., Everett M. Culver; Vice-President, Ralph
Brandreth; Sec., Clarence Goadby, 135 Broadway, N. Y. — 69, p. 441.
V.
Union Pacific R ailroad.—(See Map.)—
The system embraces :
L in es owned d irectly —
Miles.
Controlled—
Council Bluffs to Ogden.......1,043 Oregon Short Line RR., Gran
ger, Wy., to Huntington,
Kansas City to D enver....... 644
Denver to Cheyenne............ 104
Ore., Helena, Mon., to Fris
Lasalle, Co., to Julesburg ... 151
co, Utah, etc
.................1,489
Branches.............................. 913 Oregon RR. & Navigation.... 1,063
Tot. mainline and brinchs^.SSS
H istory .—Incorporated in Utah J une 2 3 , 1897, to succeed per p la n
of Oot. 15,1895 (V. 61, p. 704,705, and V. 64, p. 424), the Union Pacif
ic R y. Company took possession of the Union Pacific main line Feb. 1,
1898, and of the Kansas Pacific lines on A pril 1. A fu ll statement
to New York Stock Exchange as to the organization of the new com
pany was in V. 6 6 , p. 618; see also V. 67, p. 790. Owns over 99 per
cent of the stock of the Oregon Short Line RR.
Oregon RR. & Navigation Co. is controlled through ownership of a
majority of its stock by the Oregon Short Line and the Union Pac.
V. 69, p. 181. The Julesburg branch was transferred to U. P. on Feb.,
25,1899. V 6 8 , p. 381.—(See V. 6 6 , p.521).
St o c k .—Articles of association provide: “ Such preferred stock shall
be entitled in preference and priority over the common stock of said
corporation to dividends in each and every fiscal year at sucnrate not
exceeding 4 per cent per annum, payable out of net profits, as shall
be declared by the board of directors. Such dividends are to be nonoumulative, and the preferred stock is entitled to no other or further
share of the profits.”
In 189 9 the stockholders authorized the increase of the common
stock from $61,000,000 to $96,178,760, and of the preferred stock
from $75,000,060 to $100,005,000 in order to complete the company’s
control of the Oregon RR. & Navigation and Oregon Short Line RR.
companies and take up the latter’s income bonds. See each company.
D ividends .—First on pref., li* p. 0., Oct. 31, 1898. On Apr. 19,
1899,18i p. 0 . was paid on pref. On Oct. 2,1899, 2 p. 0 .; 1900, Apr.,
2, 2 p. c. First semi-annual div. on com., 18> p. c. paid Apr. 2,1900.
V. 70, p. 281. Dividend of 2 per cent on common is expected to be de
clared early in Aug., placing that stock on a4p. c. basis.—V. 71, p. 85.
B onds.—The new first mortgage (Mercantile Trust Oo.,trustee), is for
$100,000,000, of which $90,000,000 was issued for the acquisition,
free and clear of all Government and other liens, of the 1,854 miles
composing the former Union Pacific and Kansas Pacific lines;
$3,500,000 unissued may be used pursuant to the mortgage in the
construction or acquisition of betterments, improvements, equipment
or extensions, to be subject to the mortgage lien, at a rate not exceed
ing $1,500,000 per annum. The property on which the loan is a first
lien includes the telegraph terminals, equipment, and, directly or indi
rectly, land grants. Statement to N. Y. Stock Exchange, V. 6 6 , p. 618.
L ands.—The new first mortgage covers directly or through beneficial
ownership over 6,500,000 acres of land, situated in Nebraska, Wyo
ming, Colorado, Utah and Kansas, Ike value of which was estimated
June 30,1899, at $6,065,155. I t also covers further notes or con
tracts for lands sold aggregating $5,948,944, and the lands for which,
if not paid for, revert to the company. See V. 67, p. 791. Total esti
mated value of lands and land assets June 30, 1899, $12,209,301.
During 1899 0,1,500,000 acres, it was said, were sold, of an approxi
mate value of $2,221,883.
G e n e r a l F inances .—The free assets held in the company’s treasury
consist of large amounts of bonds and stooks of auxiliary railroad ana
other companies, suoh as the Oregon Short Line RR., Oregon RR. &
Navigation Co., Union Pao. Coal Co.,the Pao. Express Co., various
water,depot, etc., companies. On July 1,1900, the U. P. owned 1,013
miles of railroad free of any mortgage or lien other than mortgages
wholly owned, over $8 ,0 0 6 ,0 0 0 cash on hand, besides $ 12 ,0 0 6 ,0 0 0
worth of unsold lands and a large amount of securities in its treasury.
V. 71, p. 85. See stock above.
Has traffic agreement with and five-year option to purchase $1,000,000 stock and redeem $1,000,000 bonds at par of the Wyoming &
Southern R R ., to be built from a point near Fort Steele to the Colo
rado State line, near the North Platte River, of which 33 miles to Sar
atoga was to be completed Oct. 15,1899, and extension then made to
Grand Encampment and Battle Lake, 44 miles. V. 69, p. 334.
L ate st E arn in gs .—Approximate results of system for year 1899-0
were: Net income, exclusive of land sales, $20,300,000; fixed charges,
about $7,500,000; dividends (4 p. c.) on preferred stock, $3,800,000;
bal.. sur., equal to 9 p. 0 on common stock, $9,000,000.
For 11 months enaing May 31 on the 2,919 average miles, against
2,760 in 1898-9, after deducting taxes:
,------ Net E arnings. ----- ,
,---- Cross E arnings .—
July 1 to May 31. 1899-0
1898-9.
1899-0.
1898-9.
Union Pacific R y ..$21,148,524 $18,753,284 $8,960,660 $7,786,306
A n nual R e p o r t .—Fiscal year ends June 30. Report for 1898-9 in
V. 69, p. 1344,1349 (see also editorial, p. 1324,) showed results as
follows: (A.) On the several lines acquired from date of acquisition
(773 miles being acquired Nov. 1,1898; 151 miles Feb. 1 and 8 8 miles
June 1,1899.) (B.) On all lines constituting the Union Pacific RR. on
June 30,1899 (excluding Julesburg branch, 151 miles,) for the entire
year. (C.) On all lines of present system,
Results for Year 1898*99.
A.—U nion P ao . and B ranches (2,421 a v ’ g e m il e s ).
Cross
E arnings.
Net over
Other
Interest on
D ividend
B alance,
Taxes.
Incom e.
ls i<4s.
on P ref.
Surplus.
m
£
¡¡£
19.811,641 8,399,473*1,218,735
3,830,000 2,625,000 3,163,208
* Includes $230,000 on company’s bonds.
B.—L ines as on J une 30,1899, f o r en tir e y e a r (e x c l . J ulesb . Br .)
1899.
1898.
In crease.
Miles included........................
2,697
2,697
...........
Gross reoeipts................... -...$20,484,640 $19,096,747 $1,387,893
Operat’g expenses and taxes. 11,859,65611,685.736
173,926
Net receipts..................... $8,624,984 $7,411,017 $1,213,967
C.—P resent Sy s t e m .
Union
Oregon
Oregon
P acific. Short L in e. N avigat’n.
Total.
Mileage owned .......
2,855
1,481
1,063
5,399
Gross earnings........... $19,811,641 $7,577,108 $7,005,979 $34,394,729
Oper. exp. and taxes.. 11,412,168 4,751,620 4,288,272 *20,452,061
Net earnings........... $8,399,473 $2,825,488 $2,717,707 $13,942,668
Other income............. 1,218,736
437,679
73,107 1,729,522
Total net incom e.... $9,618,209 $3,263,167 $¿,790,814 $15,672,190
Fixed charges............ 3,830,000 1,963,883 1,137,987 6,931,871
Balance, surplus........ $5,788,209 $1,299,284 $1,652,827 $8,740,319
’ Includes $1,926,357 expended by the three companies for perman
ent improvements and new equipment.
O f f ic e r s , E tc .—(December, 1899.)—President, Horace G. Burt; VicePresident, William D. Cornish; Sec., Alexander M illar; Treasurer, F.
V. S. Crosby; Directors, H. G. Burt, Winslow S. Pierce, James Stillman,
Marvin Hughitt, Roswell M iller, E. H. Harriman, Louis Fitzgerald,
James H . Hyde, John W. Doane, Otto H. Kahn, T. Jefferson Coolidge,
Jr., George J. Gould, Oliver Ames, George Q. Cannon and Jacob H .
Sohiff.—V. 70, p. 177, 281,793, 947,1050; V . 71, p. 85.
Union Pacific Denver & G ulf R y .—See Co l o r a d o So u t h e r n .
Union Station o f B uffalo.—V. 68, p. 525, 620.
United. New Jersey Railroad & Canal Co.—(See m ap P en n
sylvania R. R.) Controls an important system of roads in Northern
N. J., having a four-tracked line from N. Y. to Philadelphia, also a
line Perth Amboy to Camden, opposite Philadelphia, and branches to
Long Branch, Berkeley, etc., N. J., and to Manunka Chunk, Pa. Total
mileage 470 miles. The principal lines owned directly are Jersey City
to Trenton, 56 miles (four tracks), and from Camden to South Amboy,
61 miles, of which 26 double track; 9 branches. 29 miles; total (owned
directly) 146 miles. Also owns the Del. & Raritan Canal, 66 miles. Phil.
& Trenton and Belvidere Del.—which see—
are principal leased lines.
LEASE.--Leased in June, 1871, to the Pennsylvania Railroad for 999
years, at a rental of 10 per cent on the stock, besides interest on bonds.
E arnings .—For year ending Deo. 31, 1899, gross, $21,660,510; net,
$5,810,874; other income, $253,884; interest, rentals, eto., $5,910,798;
balance, surplus for year, $153,960. In 1898, gross, $19,816,225; net,
$5,447,814.—(V. 58, p. 179, 636, 816.)
Utica Chenango & S u sq uehann a Valley R y .—Owns Utica,
N.Y., to Greene, N. Y ., 75 miles; branch to Richfield Springs, 22 miles;
total, 97 miles. Road opened October, 1872. Leased to Delaware
Lackawanna & Western at 6 per cent on stock. Has no bonded debt.
148
INVESTORS’
SUPPLEMENT.
[VOL. L X X I.
Subscribers w ill confer a great favor by giving immediate notice o f any error discovered in tbese Tables.
Bonds—Princi
RAILROADS.
INTEREST
Miles Date Size, or
pal,Whin Due.
Amount
of
Par
Tor explanation of column headings, «fee., see notes of
When
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Road. Bonds Value.
on first page of tables.
Cent.
Whom.
Dividend.
Vicks. Shrevep. A Pacific— 1st M., non-assent’g, g.o* 188 1881 $1,000
$106,000
6 g. J. & J. J’ly, ’00, int. pdwh.due Jan. 1, 1920
Prior lien mortgage, gold...................................o* 188 1885 1,000
1,323,000
6 g. M. A N.
In default.
Nov. 1, 1915
1st mortgage, assenting, gold, see te x t............ o* 188 1881 1,000
3,894,000
In default.
3 g. J. A J.
Jan. 1, 1920
1886 1,000
1,820,750
3d mortgage and 1st mortgage on land, gold...o* 188
4-5 | . J. & J. Jan., ’89, coup, last pd. Jan. 1, 1910
1881 1,000
$127,000
Income bonds.......................................................
6
July 1, 1921
1887 1,000
494,860
Income bonds, non-oum.......................................
4
Jan. 1, 1920
Virginia Midland—Butina A s s u m e d b t S o u t h e r n R a il WAY—
97 1881 lOO&o.
600,000
1st ser., 1st M. Alexandria to Gordonsville.. &br
M. & S. Balt.,Md.. S. D. & Tr.Oo Moh. 1, 1906
6
M.j 2d series, 1st mort., Chariot, to Lynch., 60 m.) 157 1881 100 &c. 1,900,000
6
M. & S.
do
do
Moh. 1, 1911
3d series, 2d lien on 60 miles; 3d on 97 m iles... 157 1881 100 &o. 1,100,000
6
M. & S.
do
do
Moh. 1, 1916
950,000
4th series, 4 per cent till March 1,1901............ 157 1881 100 &c.
4-5
M. & S.
do
do
Moh. 1, 1921
272 1881 100 &c. 1,775,000
5th series, 1st on 115 miles............................ ,.
5
M. & S.
do
do
Moh. 1, 1926
75 1881 1,000
1.310.000
6th Beries........................... ................................
5
M. & S.
do
do
Moh. 1, 1931
4,859,000
Gen. mort., $12,500,000....................................c* 347 1886 1,000
5
M. & N. N. Y., J. P. Morgan & Co, May 1, 1936
100
52 ....
5,000,000
Virginia A Truckee —Stock......................................
(t)
*»)
1878 1,000
Wabash RR.—St.L.,K &N.onSt.Charles Bridge,g-O'
1,000,000
6 g. A. & O. N. Y ., Office 195 B’way. Oct. 1, 1908
1878 500 &c.
2d mortgage
888,500
7
A. A O.
do
do
Oct. 1, 1903
Wabash 1st mortgage, gold, ($34,000,000)......c* 1,545 1889 1,000 31,664,000
5 g. M. A N. N. Y. Central Trust Co. May 1, 1939
2d mortgage, gold...........................................c 1,012 1889 1,000 14,000,000
do
do
Feb. 1, 1939
5 g F. & A.
<
Deb. m ort.,inc., non-cum., series A, red. at par. 1,545 1889 1,000
3,500,000
6
J. & J. July, 1900, paid 3 p. c. July 1, 1939
Do. do. ine., non-cum., series B, red. at p ar.. 1,545 1889 1,000 26,500,000
6
J. A J.
July 1, 1939
3,411,000
Det. & Chic. Exten. 1st M.,g„ red. at llO .Ce.o* 150 1891 1,000
5 g. J. & J. N. Y., Central Trust Co. July 1, 1941
95 1899 1,000
1,600,000
Des MoinesDiv. ls tM ., gold, $1,800,000..Co.c*
4 g. J. A J. N.Y., Contin’l Trust Co. Jan. 1, 1939
Toledo & Ohio Div., 1st M. gold, $5,000,000...... .... 1900 1,000 None, Ì900
1939
4 g. M. & S.
L ea se d L in e B onds —
42 1878 1,000
577,000
St. Louis Council Bluffs & Omaha 1st mortgage..
6
J. & J. N, Y ., Office, 195 B’way July 1, 1908
22 1873 1,000
100,000
Boone Co. < Booneville 1st mortgage, int. guar..
fe
7
M. & N.
do
do
May 1, 1903
38 1878 100 &c.
Bruns. & Chilli. 1st M., 8% fr. Aug. 1,1900,int. gu.
304,500
6-8 F. & A. Boston,Bank Redemp’n Aug. 1, 1903
42 1888 1,000
300,000
Wabash Chester A Western—1st mortgage, gold..c*
5 g. J. & J. N. Y ., Nat. Bk. Com. July 1, 1918
65 1893 1,000
390,000
1st consolidated mortgage, $1,000,000, gold., .c*
5 g. J. & J. July ’94, pd. July 1, ’96 Jan. 1, 1928
__
100
Wallkill Valley —Stock,
per cent, guaranteed...
330,000
N. Y., Gr. Cent. Station,
313
33 1877 1,000
1st M.7s, 3*2 per cent, guaranteed.....................
250,000
do
do
3^ J. & J.
Aug.'1,'1917
33 1877 1,000
2d M. income, 3Lj per cent, guaranteed............
330,000
3*« M. & S.
do
do
Aug. 1, 1917
IJtlca Clinton Sc Bingham ton R R .—Owns Utica, N. Y., to
The proposed line from a point near Toledo, O., to Montpelier, 56
Randallville, N. Y., 31 miles. Leased during continuance of charter miles, giving the company a continuous line from Toledo to Chicago,
and renewals thereof to Delaware & Hudson Canal Company, which w ill not be built during 1900, owing to high cost of materials. See
pays rental of $61,500 per annum. Operated by New York Ontario & B onds below. The Indiana Supreme Court in May, 1900, declared the
Western. The street lines owned are leased to Utica Belt Line Street lease of Eel River RR. invalid. V. 70, p. 1050.
RR. for $15.000 per annum, Capital stock, $849,285 (par $100), of
H is t o r y &o.—Successor in
which city of Utica holds $200,000, Interest guar, by D. & H. Canal which was,sold in foreclosure. 1889 to the Wabash St. Louis & Pacific
See Supplem ent up to January, 1889
Co. at 5 p. c. per an.; balance variable, 33* p. c. paid in 1898 and 1899.
L ease .—The Boone Co. & Booneville RR. is leased till May, 1903. Tim
Valley (N . V .) R ailroad.—Owns from Binghamton, N. Y. to Brunswick & Chillicothe was leased to St. L. Kan. City & Northern for
State Line of Penn., 11 miles. Opened 1870. Leased to Delaware 999 years. Its bonds bear 6 per cent interest till August 1,1900, then
Lackawanna & Western at 5 per cent per annum on stock, the lessee 8 per cent till maturity. Entrance to Chicago is secured over the
assuming the interest on bonds.
Chicago & West Indiana, of whose stock this company owns $1,000,000.
In March, 1898, leased from Grand Trunk for long term jo in t use of
Valley R R . (Virginia)—Owns Harrisonburg to Lexington,Va.,62
its railroad between Windsor, Ont., and Black Rook Station, 4 miles
m. Stock, $2,712,200 (par, $100), of which B. & O. owned June 30,
1899, $1,020,600 and $223,000 of the bonds. In year 1898-9, gross, from Erie station at Buffalo, and also between Welland Junction and
SuspensionBridge, N.Y. Erie tracks are usedinto Buffalo. V. 66, p. 812.
$99,087; net, debit, $9,411; interest, $45,000; taxes, $2,041.
Ca p it a l Sto ck .—The stock is $24,000,000 preferred 7 p. 0 . non-oum»
Velasco Term inal R y .—Road from Chenango Junction to Vel
asco, Tex., 20 miles. Chartered in 1891. Stock (authorized $600,000) and $28,000,000 common; par, $100.
issued $343,100; par, $100. First mort. bonds outstanding, $400,000.
B onds .—Abstracts of the mortgages of 1889 were in V. 49, pp.
On July 26,1899, E. D. Dorchester was appointed receiver. For year 270-273. The firs t m ortgage covers all the lines owned both east aim
1898-99, gross, $19,253; defloit under oper. exp., $7,686. V. 69, p. 284. west of the Mississippi at time of reorganization (1,545 miles), and
Vermont Sc Massachusetts R R .—
Road, Fitchburg to Green enough bonds are retained to retire theprioi liens on roads west; but
field, Mass., 56 miles of double track; branch, 3 miles. The road is the second mortgage covers only lines east oi the river at time of or
ganization in 1889,1,012 miles. As to the Compton decree ($339,929
leased to the Fitchburg RR. for 999 years at 6 per cent on stock.
with 6 p. 0 . from May 1,1888,) see V. 65, p. 926;
Of the
Vermont Valley R R . o f 1871.—Owns Bellows Falls to Brattle- debenture mortgage bonds, $3,500,000 are series A V. 66, p. 39. respect
(preferred in
boro, V t., 24 miles. Controls the Sullivan Comity RR., Bellows Falls to interest payments only) and $26,500,000 series B. Series “A” re
to Windsor, V t., 26 miles. Operated by Boston & Maine.
6
1891,6; in
in 1893, 6 per
Earnings of Vermont Valley for year ending June 30,1899, gross, ceived inper cent interest in 1890; in1896, 1 per1892, 6;1897
cent;
1894 and
cent;
$213,039; net, $84,586; div. on Sullivan Co. RR., etc., $49,878; total none; 1900, Jan., 3 1895 none; in p. 0 . Y. 69, p. 1104,1347; to 1899,
p c.; July, 3
V. 66, p.
net, $134,464; Interest, taxes, etc., $48,259; dividends paid, $60,000; 1142, and V. 67, p. 1358; V. 70, p. 1292.
balance, surplus for year, $26,205.—(V. 63, p. 877; V. 65, p. 867.
The Detroit A Chicago E xtension bonds cover 150 miles, completed
Vicksburg Shreveport Sc Pacific R R .—Delta, La., on Miss
26 miles,
issippi River, via Shreveport, to Texas line, 188 miles. In Deo., 1899, in May, 1893, from Montpelier, Ind., to Clarke Junction, p. 1049.
18 miles, Shreveport to Texas State line, included in above, not leased from Chicago. Mortgage is for $3,500,000; abstract in V. 54,
The Des Moines Division bonds of 1899 ($l,80f>,000 authorized) cover
or operated. In April, 1900, J. H. McCormick of Monroe; La., was ap
95 miles, equipment costing $250,000, etc. See fu ll description in
pointed receiver. V. 70, p. 843, 896.
V . 68, p. 574, and advertisement in C h r o n ic le of March 18,1899;
Or g a n iza tio n and s to c k .—The stock is $1,650,000 authorized; also Y. 69, p. 335, 796,1248.
outstanding $1,601,500 (par $100), of which the Alabama New Or
To provide the cost of construction and equipment of the line from
leans & Texas Pacific Junction Railroad Company holds a majority,
Toledo to Montpelier, the directors have authorized a mortgage se
together with $3,692,000of the 1st and $965,500 3d mortgage bonds.
curing $5,000,000 forty-year 4 per cent bonds, of which $4,000,000In June, 1900, holders of third mortgage bonds were requested to
w ill be negotiated.—V. 70, p. 481, 688.
take protective measures. V. 70, p. 1292.
G e n eral F inances .—June 30,1899, there were bills payable, $880,B onds , E tc .— On third mortgage only the first and second coupons
473, including $212,346 (of which $200,000 had been paid off Sept.,
have been paid.—V. 69, p. 29. These bonds are received in payment
for lands, [at 20 per cent of par for year 1899-00] and prior to July 1899) and $668,127 rolling stock notes payable monthly, last one
1,1899, the bonds outstanding had been reduced from $2,434,625 to maturing Nov., 1903, chargeable to operating expenses. (V. 69, p. 550.)
$1,820,750 thereby, and $65,375 ••thirds” had not been issued. Lands
In March, 1898, began running trains into Buffalo, N. Y., using 246
unsold June 30,1899, were 190,270 acres. Trustees of prior lien mort- miles of Grand Trank Ry. under joint trackage agreement. The Wabash
age and of 3d mortgage, Cent. Trust Co.; of 1st mort., Farmers’ Loan Co- w ill pay the Grand Trunk a rental commencing at $275,000 per
f ; Trust Co.—$106,000 1st 6s have not assented to priority of p. 1. annum, to be increased at the end of every five years by $25.000 amortgage. Coupons due and unpaid June 30,1899,1st mort., $2,210,- year, until it reaches a maximum of $350,000 per annum. The Wabash
5C4; 3d mort., $778,657. The July, 1900, inte est on the $106,000 w ill also pay its quota of the cost of operating and maintaining th®
non-assenting bonds was paid when due. V. 70, p. 1292.
joint section. (See V. 66, p. 812.) The new equipment required for
L ate st E arnings .—Jan. 1 to June 30, 6 months, gross, $310,629 in this connection was to be acquired with car trusts. V. 69, p. 550.
1900; $316,897 in 1899. In calendar year 1896, gross, $576,723.
Traffic.—In 1898-9 carried 6,987,641 tons; grain furnished 16*81 p.
c., bituminous coal 21*45 p. o., lumber 6*22 p. 0 ., and live stock 4 p. 0 .
A n n ual R e p o r t .—Report for 1898-99, in V. 69, p. 1008, showed:
E arnings .—11 mos. >1899-0..... Gross, $15,430,847; net, $4,121,595Tear.
Gross.
Net.
Other inc.
Interest.
Balance.
July 1 to May 31. 51898-9...... Gross, 13,135,606; net, 3,461,610
1898-9....$678,384 $205,387 $3,999
$409,527 def. $200.141
1897-8.... 640,175
189,749
1,143
410,499 def. 219*607
A n nual R e p o r t .—Fiscal year ends June 30. Annual meeting at St.
—(V. 67, p. 75, 950; V. 69, p. 29, 1008; V. 70, p. 843, 896, 1292.
Louis second Tuesday in September. Report for 1898-99 was given at
Virginia Fredericksburg Sc W estern R R ,—See S u p p l e length in Ch ro n icle , Y. 69, p. 538, 549; editorial, p. 517, showing:
m ent of Jan., 1900, and V. 67, p. 276.
1899.
Tear ending June 30—
1898.
1897.
2,278
2,061
1,936
Virginia Midland R y .—On June, 21,’98, merged in Southern Ry. Average mileage.................
Gross earnings.................... $14,393,974 $13,207,862 $11,526,788
W abash R ailroad.—Embraces lines as follows, viz.:
1,686,363
Maintenance of way...........
$1,662,987
$1,542,064
Owns East o f Miss. River. Miles.
Leases East o f Miss. R iver.
3,129,737
2,502,652
Motive power.......................
2,086,840
Toledo, O., to East Hannibal,
Eel River RR. (which see),
891,527
Maintenance of oars............
870,311
684,330
Camp Pt. and Elvaston, 111. 536
4,703,847
Butler to Logansport, In d .. 9 4 Transportation and general.
4,268,837
3,665,923
Decatur, 111., to E. St. Louis.. 110 Other lines...................
17
Juno, near Chicago to Effing
Leases West o f Miss. River.
Total oper. expenses__ $10,411,474
$9,304,779
$7,979,157
ham and Altamont, 111........ 216 Brunswick to Pattonsb’g.Mo. 80 Net earnings........................ $3,982,500
$3,903,083
$3,547,631
Streator to Fairbury..............
31 Centralia to Columbia, M o... 21 Per ct. oper. exp. to eam’gs.
(72*33)
(70*45)
(69*22)
Edwardsville Branch............
8
249,811
From rent of tracks, Ac......
292,065
195,347
Delrey,near Detroit, to Butler 110
Total owned and leased__ 1,928
Montpelier, O., on line to De
Trackage, etc.
$4,195,148
Total net income........... $4,232,311
$3,742,978
troit, to Clarke Junction,
Chicago to Clarke Junction.. 26 Taxes..............................
567,163
$499,486
$529,970
near Chicago...................... 150 Moberly to Hannibal (V. 69,
599,521
825,717
Track, bridge rent., Ac.......
490,127
Attica to Covington..............
15
p. 550).....................
70
2,691,495
2,694,545
In t’st on bonds and rentals.
2,694,545
Champaign to Sidney........12
East Hannibal to Quincy__
17
Owns West o f Miss. River.
8 short lines to Quincy, De
Balance................................. sur.$147,936 sur.$401,496 sur.$28,336
St. Louis to near Kansas City. 275
troit, &c.............................
45
President, O. D. Ashley, 195 Broadway, N. Y. (V. 70, p. 1050,1292;.
St. L. Levee to Ferguson, Mo. 11 Windsor, Ont., to Suspension
V. 71, p. 85.)
Moberly to Ottumwa, l a __ 131
Bridge and Black Rook and
Salisbury to Glasgow, la., etc 15
W abash Chester Sc W estern R R .—Chester, 111., to Mt. Ver
Suspension B’dge to Buffalo 270
Des Moines to Moulton, la ... 95
non, 111., 65 miles. Stock $1,250,000; par, $100. Coupons due July,
1894, paid July, 1896. For year ending June 30,1899, gross, $75,642;.
Total owned....................1,715
Grand total Dec., 1899...... 2,357 net, $12,023; Interest, etc., $39,911; bal., def., for year, $27,888.
J u l y , 1900.]
BAILROAD
STOCKS
AND
BONDS.
149
Subscribers w ill confer a great favor by giving Immediate notice o f any error discovered In tbese Tables.
Bond«"—
Princi
RAILROABS.
INTEREST OR BIVEDENB8.
MUes Bate Size, or
pal,When Bue.
Amount
For explanation of column headings, Ao., see notes of
of
Par Outstanding Rate per When Where Payable, and Dy Stocks—Last
Road. Bonds Value.
on first page of tables.
Whom.
Cent. Payable
Bividend.
18 . . . .
W arren (R . J. j —Stock, 7 p. 0 . perp., guar. B. L. A W
$50 $1,800,000
A.15AO N. Y ., Bel. L. A W. RR. Apr.15,’00,31«
7
18 1870
2d mortgage, now 1st...........................................
100
A.15AO
do
do
7
750,000
Oct. 15,1900
18 1875 1,000
1st consolidated mortgage.................................
M. & S.
do
do
600,000
Mch. 1, 1905
7
108 1898 500 Ao. 1,538,000
Washington Oent'l— 1st M., g., $15,000 per m lle.K
A g. Q.—M. N. York, Knick. Tr. Co. Mch. 1, 1948
W ashington County—1st M., g., $2,320,OOO.Ce..o* 137 1898
1,000
2,142,000
5 g- J. & J, N. Y ., Central Trust Co. Jan. 1, 1948
Wash. A Uolumb. River—1st M., $2,500,000, g.F .o* 163 1895
1,000
2,500,000
A g. J. & J. N.Y. .Farmers’ L. &T.Co. July 1, 1935
1895 1,000
Income bonds, non-cum , $2,500,000.................. . . . .
Payable as earned. See text.
4
July 1, 1935
2,245,000
14 1899 1,000
Wash. A F rank.—1st M., $225,000, g., int. rental.r
Philadelphia, Pa.
Jan. 1, 1939
150,000
5 g- J. & J.
5 1879 100 Ac
West Ghestei— 1st mort., int. guar, by Penn. R R ...
M. A S. Phila., Broad St. Stat’n. Sept., 1919
5
75,000
....
....
West Jersey A Sea Shore R E .—Common stock.........
50
4,951,050 5 in 1899 M. A S. Phila., Broad St. Stat’n. Mch.15,’00,24®
....
Special guaranteed stock (West Jersey RR.)...... . . . .
50
J. & B.
do
do
104,000
6
J’ne 15’00,3%
79 1881 1,000
Canid & Atl. con. M. ($650,0005s; bal.6sooup.)
do
do
July 1, 1911
1,000,000 5 & 6 J. A J.
West Jersey consol, mort. ($1,600 is scrip).. .r 128 1879 500 &c.
M. & N.
do
do
6
Nov. 1, 1909
750,000
11 1882 1,000
Woodstown A Swedesboro 1st mortgage......... c*
M. & N.
do
do
May 1, 1912
90,000
6
20 1893
Belaware River 1st mortgage............................... r
Q .-F .
do
do
65,000
5
1918
W. Jersey & S. S., 1st consol. M., series “A,” g.c* 310 1896 1,000
July 1, 1936
do
do
1,600,000
A g. J. & J.
Gold, Series ‘ B,” $1,500,000. gold............ . . . 0 * 310 1896 1,000
do
do
July 1 1936
1,500,000
3ifl g. J. A J.
West Shore—1st M., gu. p. A i., end.Tiy N.Y.C.&H.e&r 450 1885 l.OOO&c 50,000,000
4
J. & J. N. Y ., Gr. Cent. Station. Jan. 1, 2361
....
West V irginia Central A~Pittsb.—Stock, $10,000,000. . . . .
100
9,550.000 1 in 1899 Semi-an Check from Co.’s office. Mch. 14, ’00.1
1st M., gold, *3,600,000 (V. 52, p. 204).M p...O * 132 1881 1,000
3,250,000
6 g. J. & J. N.Y.,FirstN.Bk. &Balt. July 1, 1911
29 1886 1,000
Piedmont & Cumberl’d, 1st M., int. rental, gold.
650,000
5 g. F. & A. Balt., Hambleton A Co. Aug. 1, 1911
43 1900
Coal & Iron Ry., 1st M., $1,000,000, to be gu., g
1920
West Virginia A~Pittsb.—1st M., gold.M e.H a -----c* 159 1890
1,000 a4,000,000 (5) 4 g. A. & O. N.Y.BAO.Of.,2 W allSt. Apr. 1, 1990
West’n (A la .)— 1st M., g., gu. by C. Ga. andGa.RR.o* 132 1888
1,000
1,543,000
41 A. & O. N.Y. GuarantyTrustCo. Oct. 1, 1918
ag.
90 •58-’68 500 Ac.
Western Maryland— 1st M. and pref. 2d M. (end’d).
J. & J.
6
1890 A 1895
222,000
90 1872
4th mort., in return for City of Baltimore stock..
1,000,000
6
J. & J. Balt., N. Mechanics’ Bk. Jan. 1, 1902
90 1887
5th mortgage, held by City of Baltimore, sink’g f’d
do
do
J. & J.
1,704,000
34*
Jan. 1, 1927
4
684-,O O
O
.Toly 1, 1025
J. & J.
do
do
1900
New mort. in return for Citv of Balt, stock.text
1,875,000
Jan. 1, 1950
313
L eased L ines —See statement of each company.
a $9,000 redeemed by sinking fund and held by trust ee.
W arren R R ., N. J .—New Hampton Juno, to Delà. Bridge, N. J.,
18*8 m. Leased In perpetuity to Bela. L. & W. at 7% on stock and bonds.
The $750,000 first 7s due Oct., 1900, w ill be refunded at a lower rate
of interest, the new bonds to provide also for the $600,000 consols
due Mar. 1,1905.—V. 70, p. 477.
W aslibnru Bayfield Sc Iron River R R . - Washburn, Wis., to
Bayfield and Iron River, 38 miles, completed in July, 189$, of which
23 miles built in 18»7. Sai i to be built in the interest of the Great
Northern. In 1896 tiled a mortgage to secure $240,000 20-year gold
bonds (5s); Milwaukee Trust Co is trustee. Y. 62, p. 187.
W ashington Central R y .—Owns road, Cheney to Coulee City,
Wash., 108 miles. Reorganization of. the Central Washington RR.
sold in foreclosure Jan. 19,1898. Leased in 1898 to Northern Pacific
for 999 years at rental sufficient to pay interest on new 50-year gold
4s, to be issued at $15,000 per mile. (See fu ll particulars V. 66, p.
953.) Tlie Northern Pacific owns the entire $1,000,000 of capital stock
and $282,000 bonds —V. 67, p. 127, 691.
W ashington Sc Columbia River R y .—Owns road from Bayton, Wash., to Pendleton, Ore., 128 miles; branches, 35 miles; total,
163 miles. Stock is $3,000,000; par, $100. Additional first 4s
may be issued for extensions at $20,000 per mile. (V. 61, p. 70.) In
Feb., H 98. the '¡or. Pao. Ry. purchased the entire capital stock and
all of the income bonds. Interestpaid on incomes: In 18«8-9, $55,000.
E arn in gs .— Year ending June 30,1899, gross, $354,725; net (over
taxes), $189,476; other income, $1,849; int. on 1st mort, bonds, $100,000; int. on income bonds, $55,000; impts. and betterments, $40,657; balance, deficit for year, $4,332. V. 66, p. 426.
W ashington County R R .—Owns Washington Junction, on the
Maine Central Railroad., northeasterly to Calais, Me., 103 miles,
with branch to Eastport, 15 miles, and Princeton, 19 miles, a total
length of 137 miles. Road completed in Bee., 1898. Complete opera
tion began Jan. 1,1899. Stock, common, $1,500,000. The preferred,
$500,000, 5 p. o. non-cum„ is all owned by Wash. County. First
coupon paid Jan. 1,1899. (V. 68, p. 284.)
Frederick W. Whitredge, President; Frank E. Randall, Treasurer,
80 Broadway, New York.
W a y cross Air-Line R R .—V. 71, p. 85.
W ashington Sc Franklin R y .—Hagerstown, Md., to Quinsonia,
Pa., 14*37 miles (a consolidation with Hagerstown & State Line RR.
June, 1899), was built in 1898 at a cost of $264,000. and in Sept.,1899,
was being extended from Quinsonia to New Franklin, 4 miles. The excent stock
line being
Î >ense was met by issue of 5 per on cost. Ofand bonds, theFranklin 5s
eased to Western Md. at 5 p. o.
the Wash. &
(Reading Trust Co., trustee), $150,000 were issued to construct the line
from Hagerstown to Quinsonia, 14 miles, and tbe balance was re
served for extensions.— 68, p. 279; V. 69, p. 493; V. 70, p. 478.
V.
W ash in gton Sc Potomac R R , - V. 70, p. 1197; V. 71, p. 136.
W ellington Grey Sc Bruce R y .— 68, p. 1228; V. 70, p. 1250.
V.
W est Jersey R R ,—
j
W est Jersey Sc Atlantic R R .— <See W est J e r s e t A Se a Sh .
W est Jersey Sc Sea Shore R R .—(See M ap P enn sylvan ia R R .)
—Owns all the lines of tne Pennsylvania System in Southern New
Jersey, including the line from Camden, opposite Philadelphia, to
Atlantic City (59 m.), Camden to Cape May, 81 m., eto.; total owned,
330 miles.
O r g a n iz a t io n .—A consolidation in 1896 per plan V. 62, p. 366, 871.
In 1900 the Belaware River RR Woodbury to Penn’s Grove, N. J.,
20 miles, was merged.—V. 70, p. 896.
St o c k .—Common stock authorized. $8,076,000, of which the Penn.
RR. held Jan. 1,1899, $l,692,v50. Y. 67, p. 188.
B iv id e n d s . -O n common in 1896, 2 ^ p.c.; in 1897, 5 p. o.; 1898,5
p. o.; in 1899, 5 p. c.; in 1900, March, 2^ p. c.
B onos .—First consolidated mortgage is for $7,000,000, of which in
July, 1900, $1,840,000 are reserved for prior lien bonds when due,
and $2,0 0,000 for improvements, etc., V. 62, p. 1179. Mortgage
trustee, Commonwealth Title Insur & Trust Co. Philadelphia.
G e n e r a l F inances —In Feb., 1899, $1,500,000 consol. 3^8 were
sold to refund 6s and 7s. V. 68, p. 234, 431, 972.
E a rn in g s .— 5 mos., 51900............Gross, $1,074,828; net, $183,877
930,128; net, 178,477
Jan. 1 to May 31, ¿1899............Gross,
Tears end. Dec. 31. 18991898.
1897.
1896.
Gross earnings......... $3,114,192 $2,682,122 $ 2 ,5 5 0 ,9 4 0 $ 2 ,5 5 4 ,9 1 9
Net earnings..............
872,210
680,476
5 9 1 ,9 2 3
5 8 6 ,8 8 8
In 1899, other income, $25,217; interest on funded debt, rentals,
taxes, etc., $427,410; balance for dividends, $470,047. Bividends at
5 p. c. on common (and 6 p. c. on special guaranteed) call for $253,808
per annum.—Y. 68,p. 234, 431, 774, 972; V. 69, p. 907; V. 70, p. 896.
W est Shore R R .—(See Map N. ¥ . Central <6 H udson R iver .)—Line
Of road from Weehawken, N. J., opposite New York City, to Buffalo,
N. Y .,w ith branches to Albany City and Rochester City, 450 miles;
Syracuse Ontario & New York (formerly leased and afterwards ab
sorbed), Syracuse to Earlville, 45 miles; total, 495 miles. Successor
In 1885 to the New York West Shore & Buffalo sold in foreclosure.
L e a s e .—Leased in 1885 for 475 years to the New York Central &
Hudson and all earnings, Ac., included in that company’s report. The
$10,000,000 of stock Is owned by the New York Central Company.
B onds .—The West Shore mortgage is made to the Union Trust Com
pany as trustee, and covers the line of road, Weehawken to Buffalo,
with branches, 450 miles in all, and also the terminals at Weehawken
by ownership of all the stock and bonds of the Terminal Company.
The guarantee of the New York Central & Hudson is absolute as to
interest and principal and is endorsed on each bond. Abstract of mort.
in V. 42, p. 176. Syr. Ont. & N. Y. securities are owned. (V. 68, p. 332.>
W est Virginia Central Sc Pittsburg R y .—A coal and railroad
company in West Virginia in the upper Potomac region—the Elk Garden
Coal Field. Owns road in operation from junction near Piedmont,
W. Va., to Belington, W. Va., 102 miles; Elkins Junction to Huttonsville, 17 miles; branches to Elk Garden, &o., 13 miles; total owned,
132 m. Leases Pied. A Cumb. RR. 29 m., under new lease of 1899,
providing for interest on $650,000 5 per cent bonds, 5 per cent on
$650,000 stock, eto. V. 69, t>. 490. Total operated, 161 miles. E «ten
sion. Beverly, W. Va., to Huttonsville, 11 miles, included above,
opened Feb. 5, 18' 9. In Bee., 1899, Coal & Iron Ry. Co. was incor
porated to build from Elkins, W. Va., to the Forks of the Greenbrier
River, in P cahontas Co., W. Va., 43 miles, at a connection with a
branch of theChes. & Ohio building iro n Caldwell, and in July, 1900,
the road was under construction, $1,000,000 bonds to be issued, guar
anteed by the W. Va. Cent. & Pitts. V. 69, p. 490,1302; V. 70, p.1096.
His t o r y .—Main line completed in 1889. Company owned 32,244
mineral rights on 5,407 acres more. See V. 60, p. 220. In Bee., 1899,
by the acquisition of the $2,700.000 capital stock of the Bavis Coal &
Coke Co. the Railway Company acquired over 50,000 acres of excel
lent steaming and coking coal and 700 coke ovens; the mines are now
producing 5,000 tons of coal and 1,000 tons of coke daily. In Bee.,
1899,a large controlling interest in the Railway was held by ex-Senator
Henry G. Bavis, his brother, Col. T. B. Bavis,Senator 8. B. Elkins, and
Mr. R. O. Kerens of 8t. Louis, Mo.
St o c k .—Stock increased in Bee., 1899, from $6,000,000 to $10.000,000, to purchase Bavis Coal & Coke Co., of which $450,000 in treasury;
bills payable, $135,000.
B iv id e n d s .—1889 to 1894, 1 p. o. yearly; in 1895, Ha; in 1896, Ha;
in 1897, l 1 in 1898, Aug., ¡'a; in ’99, Mar., *2 ; Oct.,
«;
in 1900, Mar., 1,
L ate st E arnings 11 mos. 5 1899.Gross, $1,251,071; net, $435,159
July 1 to May 31.
¿1898.Gross, 1,093,000; net, 359,735
A n n ual R e p o r t .—Fiscal year changed to end June 30. The annual
report for 1898-99 was in V. 69, p. 490. Earnings have been:
Tear.
Gross.
Net.
P.AO.RR.Net. Prof.onO oal. Tot. Net »
1898-99... $697, V07
$274,2091oss$24,981
$70,881 $320,109
1897-98... 660.181
221,589 loss 15,415
78,457
284,631
1896- 9 7 ... 604,348
191,204 sur. 5,159
77,665
274,028
From net in 1898-99, as above, deduct interest, $193,625; dividends
$55,000: miscellaneous, $6,102; balance, surplus for year, $65,382.
Total coal and coke shipments for year 1898-99,1,508,335 tons; 1,353,564 tons in 1897-18; 1,219,869 tons in 1896-97; 1,176,372 tons in
1895-96; 1,002,434 tons in 1894-95; 825,75r tons in 1893-94.
,
{•resident. H. G. Bavis, Elkins, W. Va. V. 69, p. 1148, 1248, 1302;
V. 70, p. 1096.
W est Virginia Sc Pittsburg R R .—¿N Map Balt. A Ohio.)—
ee
Clarksburg, West Va., to Camden-on-Gauley, West Va>., 103 miles, with
branch, 6 miles; also from Weston via Buckhannon to Pickens, 50
miles; total, 159 miles. Leased to reorganized B. &. O. for 999 years
from Sept. 1,1899, per plan in V. 67, p. 1310, for lour per cent on the
mortgage, the bonds being stamped with an agreement reducing the
interest from 5 to 4 per cent and the B & O. having option to purchase
bonds at par within five years on 60 days’ notice.—V. 69, p. 439, 646.
Sto ck —Com., $2,500,000; pref.,5 p.c., non-oum., $900,000; par, $100.
A ll owned by B. & O.
B onds .—First mortgage covers besides the road and its equipment
134,842 acres of timber, coal and mineral lands in West Virginia. Loans
and bills payable June 30,1898, $260,689; equip, notes, $11,620 6s.
E arn in gs .—For year 1898-9, gross, $357,386; net, $ti6,l*z8; for
1897- 8, gross, $391.090; net, $173,003. Report for 1897-98 in V. 67,
p. 948.- (V. 67, p. 948,1310; V. 68, p. 87, 620; V. 69, p. 439, 646.)
Western R y. o f Alabam a.—Selma to West Point, 132 m. Georgia
RR. and Central RR. of Ga. each owns half the $3,000,000 stock.
B iv id e n d s .—In 1894,2 p. 0 .; in 1895,2 p. c.; in 1896,2 p. c.; in 1897,
3 p. 0 .; in 1898, none; in 1899, June, 2 p. 0 .; Sept., 3 p. 0 .; in 1900,
June, 2 p. c.
E arn in g s .—11 mos., ¿ 1899-00...... . Gross, $685,700; net, $240,659
July 1 to May 31. ) 1898-99.......Gross, 618,701; net, 252,797
E arn in gs .—For year ending June 30, 1899, gross, $587,325; net.
$156,493; other income, $81,110; interest, $69,435; dividends, $60,000; foal., surplus for year, $108,068.
Western Maryland R R .—R o ad —Baltimore toWilliamsport,Md.,
etc., 93 miles. Leases—Baltimore & Cumberland Valley Railroad ana
extension, Edgemont to Shippensburg, Pa., 34 miles; Baltimore & Har
risburg Railroad, Emory Grove, Md., to Orrtanna, Pa., 59 miles, and
branches, 6 miles; western extension, 15 miles; Potomac Valley RR.,.
Williamsport to Cherry Run on the B. & O., 14 miles, and Porters to
York, 17 miles; Washington & Franklin Ry., Hagerstown, Md., to
Quinsonia, Pa., 14 miles; total, 253 miles main line.
Sto c k .—Common stock is $684,950; par, $50; six per cent first pre
ferred stock, $324,000. The company has been largely assisted by the
city of Baltimore, which, Jan. 1,1893, owned $200,000 of its common
stock, $4,263,000 of its mortgages and $2,924,850 overdue coupons.
INVESTORS’
IS O
SUPPLEMENT,
[VO L L X X I,
Subscribers w ill confer a great favor by giving immediate notice o f any error discovered in these Tables.
■Bonds—
Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, Ac., see notes of
Whom.
Dividend.
Cent. Payable
Road. Bonds Value.
on first page of tables.
W esternN . Y. <t Pennsylvania —Stock <see text)..
$50
588
West. N. Y. & Penn. 1st M ., ($10,000,000), gold.c* 588 1887 1,000
General M., $10,000,000, gold, see text, IT .— c* 588 1895 1,000
1895 1,000
Income bonds, $10,000,000, gold, non-cum.FPo
50
Western Penn. —Stock..............................................
1888 1,000
ConsoL M. ($5,000,000), gold, guar. p.<fci.Pa.RR-o 137
100
Wheeling & L a ke Erie —Com. stock, $20,000,000..
100
1st pref. stock, 4 p. o., not cum , $5,000,000.......
100
2d pref. stock, 4 p. c., non-oum., $12,000,000 —
1st M .,LakeE. Div.,BowerstontoL.E., g., OTe.o* 187 1886 1,000
50 1888 1,000
1st M. Wheel’g Div., $ & £ (2d on 187 m.)g.Ce.o*
5 1888 1,000
Toledo Belt Railway 1st mortgage, gold.............
260 1889 1,000
Exten. andlmpr. mort. ($1,900,000), gold, Ce...c’
1899 1,000
1st consol, mortgage, gold, $ 1 5 ,000,000.M e ...o '
Oar trusts, May 1,1900, payable monthly....... .
"¿'io
White Pass it Y ukon —Stock £1,000.000........ .
43 1898 £10 Ac.
1st mort. debenture stock, subject to call at 110,
51 1890 $1,000
Wicnita Pol.—1st M .,int. red. to 3%fo r5 yrs.g.c'&r
50
5
WUkesbarre <t Scranton—Stock, 5 per cent rental..
5 1888 1,000
First mortgage gold, guar. p.&i. by L. C. & N. Co,
1892 1,000
45
W illiamsport <t No. B r. —1st M., $2,000,000 g.,FPc'
Wilm. Colum. <t A ug.—See A tlan tic Coast L ine CO. OF S. O.
$20,000,000
9.990.000
5 g. J. & J. N. Y ., Continental Tr. Jan. 1, 1937
Apr. 1, 1943
do
do
9.841.000
3-4 g. A. & O.
Nov. 1. Office—When earned. Apr. 1, 1943
9.605.000
Apr.16,’00,3%
Philadelphia, Pa.
1.775.000 See text. A. & O.
4.000. 000
4 g. J. & D. Phila.,Broad St. Station June 1, 1928
19,000,000
4,087,800
10,543,900
A. & O. N . Y ., Mercantile Trust Oct. 1, 1926
2.000.
000
K g- J. & J. N. Y., Central Trust,
July 1, 1928
941.000
2 g- M. & S.
Part each year
do
do
268.000
£ g- F. & A.
Feb. 1, 1930
do
do
352.000
A g.
9.929.000
4 gl M. & S. N. Y ., Mercantile Trust Sept. 1, 1949
To May 1,1906
317,813
£1,000,000
Deo. 31,1925
London.
J. & J.
6
See text.
$769,000
3 (5) J. & J. N.Y. Mercantile Trust. July 1, 1940
Dec. 31 Phila., 108 So. 4th St. Deo.30,’99,5%
500.000
5
May 1, 1938
do
do
41 M. & N,
eg.
500.000
1.125.000
5 g. M. & S. Phila., Fid. L , Tr.& S.D. Sept. 1, 1922
Washington County, Md., also in Ootober, 1892, owned $110,000 com
mon and all the $324,000 preferred stock. Of the thirteen directors
the oitv has appointed eight and the county two. V. 69. p. 1302.
P roposition to P urch ase .—In Nov., 1899, a New York syndicate
offered to purchase the interest of the city for $4,485,000. V. 69, p.
1063. In Jan., 1900, the city authorities deferred any sale of theproperty for the present year.
„
„ .
B onds .—There are three Balto. & Oumb. Valley first mortgages on
different pieces of road, and under the lease to the Western Maryland
interest on the mortgages is provided by rental. In 1900 made a new
$1,875,000 fifty-year 3 « per cent mortgage to the city of Baltimore as
a
security for amounts necessary to take up subsidy loans due J an. 1,
1900, and Jan. 1,1902.—V. 70, p. 481.
,
,
....
From July 1, 1892, the company paid regularly interest on all its
obligations except on 3d and 4th mortgages, which was paid by the
City of Baltimore. In July, 1900, interest on all city loans was
paid.—V. 71, p. 31. First mortgage bonds overdue, $43,500; bills pay
able, $247,850; funded 6 p. c. oerts. held by Baltimore, $226,530;
unfunded coupons, $71,742, all as of Oct. 1,1899.
L ea se d L ines .—As to leased lines see Supplem ent November, 1893.
Potomac Valley RR. bonds are guaranteed by the Western Maryland
and the Baltimore & Harrisburg. See Potomac Valley and V. 52, p. 121.
A nnual R eport .—Report for 1898-9 was in V. 70, p. 414, 478.
ending Dec. 31, 1899, gross. $126,009; net, $47,245. Pres., Joseph
Wood; Sec., 8. B. Liggett; Treas., T. H . B. McKnight.—V. 70, p. 330,
843,1050, 1096, 1197,1292.
W h e e lin g &. h a k e E rie R R .—(Bee .Map.)—The system includes:
L in es owned .—
Miles. I
Miles.
Toledo, O.. to Martin’s F erry...217 | Branches owned....................... 28
Cleveland to Zanesville, O......145 | Branches leased ..................... 8
Canton to Sherrodsville........... 42 |
—— Total................................ 451
Toledo Belt Line...................... 5 1
Cleveland Belt & Terminal—
6|
Also owns large interest in Wheel. L. E. & Pitts. Coal Co.
H is t o r y .—Successor May 1,1899, per plan in V. 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.
The Cleveland & Canton and the Cleveland Belt & Terminal were ac
quired by purchase in August, 1899, and the Coshocton & Southern,
Coshocton to Zanesville, O., 30 miles, was purchased on May 4,
1900, at foreclosure sale, and made ready for operation—V. 10, p. 531,
632,843. Owns majority of the stock of the Wheeling Lake Erie &
Pitts. Coal Co., leased in 1900 for ten years to other parties.—V. 70,
p. 799,741.
St o c k and B onds .—The stock was increased as above in June, 1899.
V. 68, p. 1027; V. 69, p. 29. The stockholders on June 26,1899,
authorized a mortgage to secure $15,000,000 50-year gold 4s, of which
$6,400fc00 to refund or retire the present bonded debt, $3,850,000 for
the Cleveland Canton & Southern and Cleveland Belt & Term., $1,750,000 to retire equipment trusts, extensions and improvements, and $3,000,000 to be reserved in the treasury. Y. 68, p, 1027; Y. 69, p. 29.
In Sept., 1899, $5,600,000 new comol. 4s were isssued, of which
$3,850,000 for Cleve. Canton & South’n and Clevel. Belt & Term., and
$1,750,000 were sold to retire equipment trusts and for extensions
and improvements. The company in May, 1900, arranged to refund
the old 5s (see plan V. 70, p. 896, 998), upon completion of which
there w ill be outstanding $13,000,000 consol. 4s, $5,000,000 first pre
ferred, $11,000,000 second preferred and $19,000,000 common stock.
See applicatto n to list new securities. V. 71, p. 31.
L a i est E arnings .—For the year ending June 30. 1900, including
former Clevel’d Canton & South’n from Aug. 14,1899, earnings w ere:
Y ear end.
Gross
N et
Interest,
Div. on
B al.,
Sent. 30.
earnings, earnings, rents, <tc. B.t&R.pref. surp.
..........$1,535,934 $532,318 $449,145 $3,043
$80,130
1899.
1 8 9 8 !.......... .
1,398,395 408,266 444,949
3,043 def. 39,728
AInterest assumed by Baltimore City is not included.—V. 71, p. 31.
W estern New Tork &, Pennsylvania R y .—Owns Buffalo to
Emporium, Pa.,121 miles; Buffalo to Oil City,Pa., 136miles; Oil City to
Olean, 110 miles; Rochester to Hinsdale, 99 miles; Stoneboro to Mahoningtown 38 miles; branches, including proprietary lines, 84 miles;
total owned, 588 miles, of which 14 are narrow gauge; leases, 45 miles.
O r g a n iz a tio n .—Reorganization March 18,1895 (per plan in Su p p l e
m en t of January, 1895), of the R ailroad, foreclosed Feb. 5,1895.
In June, 1900, the Pennsylvania RR. had purchased a majority of
the stock at $9 per share and the income bonds at $300 per bond, and
on Aug 1, 1900, w ill take the road over under lease, together
with the Allegheny Valley RR., with which it w ill later be consoli
Year—
Gross.
Net.
O th.inc. Charges. Bat., su r.
dated.—V. 70, p. 31, 85. See fu ll statement, V. 70, p. 843,1096,1150. 1899-1900........ .$2,670,024 $765,031 $40,070 $601,586 $203,515
St o c k .—The voting power on $5,000,000 new capital stock issued
During year 1898-99 road carried 1,205,375 tons of bituminous
to the old 2d mortgage bondholders expired in 1900.— 70, p. 585.
V.
coal, against 1,058,399 tons in 1897-98 and 204,156 tons of ores,
B onds.—Abstract of Western N. Y. & Pa. 1st mortgage in V. 47, p. against 249,679 tons in 1897-98.
109. The gen eral m ortgage carried interest till April 1,1897, at 2 per
D irectors .—John Crosby Brown, A. W. Krech, George Coppell and
oent, now till 1901 at 3 per cent and thereafter at 4 per cent. On June W. E. Connor, of New York; Myron T. Herrick, Geo. A Garretson, E.
30, 1899, $159,000 general mortgage bonds and $395,000 income W. Oglebay, H. P. McIntosh, Robert Bliokensderfer, Dan. R. Hanna
bonds were in the treasury.
and W illiam G. Mather of Cleveland; Frank J. Hearne of Wheeling,
E arnings —11 mos., >1899-0........Gross, $3,477,067; net, $876,793
W. Va., and C. M. Spitzer of Toledo. O.
O f f i c e r s .— Chairman of Board. Myron T. Herrick; President Robert
July 1 to May 31. 5 1898-9 ...... Gross, 2,985,413; net, 911,475
For 9 mos., ending Mar 31,1900, gross, $2,866,800; net, $759,133, Bliokensderfer; V.-P., A. W. Krech; Treasurer, James Parmelee,
against $764,682 in 1898 9; other income, $12,273; interest, taxes, Cleveland, O : Seo’y, J. H. Dowland, Cleveland.—V. 70, p. 533, 943,
etc., $695,032; sur., $76,374, against $80,363.
896, 998, 1292; V. 71, p .B l. 34.)
A nnual R e p o r t .—Report for 1898-99 was given at length in V. 69,
W h ite Pass & Y u k o n R y .—To own a narrow-gauge line 312
p. 848, 857. The interest on the new general mortgage bonds for miles in length, extending from Skaguay Harbor, Alaska, to Fort Sel
1896-97 amounts to $225,000, for 1897-98 $300,000 and 1898-99 kirk, on the Yukon. Also projected from Fort Selkirk, 125 fir 150
$297,615. A ll betterments charged to expenses.
miles, to Dawson, and to A tlin gold fields, etc. Of this, Skaguay to
Years ending J une 30.
1899.
1898.
1897.
Lake Bennett, at the head of navigation on the Yukon Ry., 43 miles,
Gross earnings...............................$3,291,412
$3,245,937 $2,954,774 completed in July, 1899, and71 miles from Bennett to White Horse tobe
Neteamings................................... 1,018,466
1,103,134 911,828 opened soon after Aug. 1, 1900. V. 69, p. 335; V. 67, p. 1162,1138.
Other income.................................
27,768
8,390
54,611
O r g a n i z a t i o n .— Incorporated under English Companies Act.
S ecu rities .—Capital stock authorized, £1,000,000. A ll the deben
Net income................................$1,046,234 $1,111,524 $966,439
Interest charges on 1st mortgages. $499,500
$499,500 $499,500 ture stock is issued under the terms of the original trust deed, dated
In t. on gen. mtg. (see above)........ 297,615
300,000 225,000 Sent. 26,1898, being a first charge on the section in respect of which
T a x e s ..:..,...................................
115,117
100,070
90,076 it fs issued and a floating charge on the rest of the property. Of the
In t. on real est. and equip, notes..
35,985
21,446
25,613 deb stock, £250,000 was issued on account of the first section from
Skaguay to Bennett, 43 miles, and £300,000 was in Apr., 1900, being
Balance, surplus............................ $98,017
$190,508 $126,250 i s s u e d on account of the second section from Bennett to White Horse
71 miles. Pres., S. H. Graves. 1016 Chamber of Com. Bldg., Chicago,
—(V. 70, p. 1096,1150; V. 71, p. 31, 85,136.)
Western Pennsylvania It K .—Owns from Bolivar to Butler, 71 111.; Sec., F. C. E lliott, Treas., John W. Probert. (V. 71, p. i36.)
miles, and Butler Junction to Allegheny City, 27 miles, double track;
W ic h ita V a lle y .—Owns from Wichita Falls to Seymour, Tex., 51
branch, 42 miles; total, 140 miles. New lease of Jan. 1,1897, to Penn miles; completed in Sept., 1890. Stock, $6,000,000; outstanding,
sylvania RR. in place of lease of 1888 provides for fixed rental insur $1 020 000; par, $100. m 1898 interest was scaled to 3 per cent for
in g 6 per cent dividends per annum. E arnings .—In year ending Deo. 5vears. beginning with the Jan., 1898, coupon. V. 67, p. 224. Year
31,1899, gross, $1,941,338; net, $772,010. In 1898, rental $297,558; 1898-99, gross, $62,137; net, $35,110; charges, $32,778; bal., sur. $2,332.
expenses and taxes, $31,058; interest, $160,000; balance, $106,500,
W llk e s b a rre &
y .—(Bee
Central RR. o f N. J
being 6 p. c. dividend. Penn. RR. owns the $1,775,000 stock. Divi Owns from ScrantonSqjranton RJunction, Map 5 miles, of which .)—
to Minooka
Pa.,
l1
«
dends in 1894, 8 p. o.; in 1895,8 p. c.; in 1896,8; in 1897, 6 p. c.; in
miles is double track. Leased from May 1,1888, to Lehigh Coal. & Nav.
1898, 6 p. e.; in 1899,6 p. o.; in 1900, Apr., 3 p. c.
Co (see “ Miscellaneous Companies ”) during its corporate existence
W heeling Term inal R ailw ay.—Owns a railway bridge at less one year, at $47,500 per annum and taxes. Lease assigned to
Wheeling, W. Va., completed in 1891, and about 10 miles of terminal Central of N. J. at 6 per cent on cost of road ($1,065,000) and taxes.
track, connecting with the Cleveland & Pittsburg, Cleveland Lorain & In June, 1894, Lehigh Coal & Nav. Co. held all the stook.
Wheeling and wheeling & Lake Erie on Ohio side, and Baltimore &
W illia m s p o rt & N o rth H ra n c h R R .—H all’s to Satterfeld, Pa.,
Ohio, Ohio River Railway and Pittsburg Wheeling & Kentucky (Penn
sylvania system) on the wheeling side. A reorganization of the Wheel and br. 45 miles. Stook (auth. $2,000,000) common, $925,362; pref.,
$300.000: par $50. In June, 1900, application was made to issue re
ing Bridge & Terminal Ry., purchased at foreclosure sale on May 27, funding bonds to reduce the bonded debt from $ 1,250.000 to $600,000.
1900, by Kuhn, Loeb & Co. in the interest of the Pennsylvania RR.—
V. 70, p. 1050, 1197, 1292. Stock.—$2,000,000; par $100.; for year —V 70 p. 119 7. Year ending June 30, ’99, gross, $101,454; net, $30,.
132
INVESTORS’
SUPPLEMENT.
IV ol.
l x x i.
Subscribers w ill eonfer a great favor by giving immediate notice o f any error discovered in tbese Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or Amount
pal, When Due.
Par
of
For explanation of column headings, &c., see notes of
Rate Per When Where Payable, and by Slocks—Last
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividends.
on first page of tables.
—
$500
$354,000
1,000
396,000
1,000
62,000
1,000
384.000
100
100.000
1895 1.000
1,150,000
U nde r Plan .
100 15,638,800
100 11,111,700
....
1899 1,000 23,727,000
1900 1,000
800,000
122
66
416
54
9
94
47
47
47
47
72
40
40
1885 1,000
776,000
6
M. & 8. N.Y., Mait.,Copp. &Co.
1882 1,000
604,000
do
do
6 g. J. & J.
1879 500 &c.
702,500
J. & J.
£ g‘
1895 1,000
951,000
5 g. J. & J. N. Y ., Atlantic Tr. Co.
1890 1,000
100,000
A. & 0. R. I. Hos. Tr. Co.. Prov.
5
100
3,099,800 4 in 1900 J. & J. Bos., Am.Loan &Tr.Co.
1886 1,000
150,000
do
do
4
J. & J.
1893 1,000
511,000
do
do
4
J. & J.
1890 1,000
735,000
do
do
4
J. & J.
1895 1,000
380,000
A. & O.
do
do
4
1899 1,000 None Ap. '99
Boston.
5 g• F. & A.
1882
249,950
5
Text. Seo.T.&T. Co., York,Pa.
1894
do
do
150,000
5 g. M. & S.
88
88
Generalmort, $1,000,000, g, p. & i. guar., end..r
Car trust certs., due $8,000 yearly. V. 66, p. 950
W inona Bridge —1st M., gold, s. f., r’d. at 110 aft. ’98 1*03
W ilm ing. A N orth.—1stM .,oallin 1907, int. guar..r
1st mortgage, gold................................................
W isconsin Central R ailw ay — e c u r it ie s to b e I s SUED
S
Pref. stock, 4 per cent non-oum., $12,500,000...
1st cren. M., gold. $27,000,000 U s............... .......
Minn. Ter. M., g., subj. to call at 105 after 1910.
U nderlying Securities not Exchanged.
Chic. Wisconsin & Minn. 1st mortgage, gold...c*
Milw. & Lake Win. 1st mortgage, gold.............c*
W isconsin A Mich.—lstM .,g ., $15,000 p. m......... A
Woonsocket A Pasc.—1st M., int. gd. City of Woon.c
W orcester Nashua A Rochester- Stock ($3,600,000)..
Wor.&Nas. Wor.Nashua& Roch. RR. bonds...c*
do
do
do ......
1st M. of
do
do
do ...c *
79 secures]
do
do
do ......
all equally.
W yom ing A B 1. H ills Fy.—1st M., $1,000,000, gold
Y ork Southcnv—Yotk. & Peach Bottom “A” & “B” .
York Southern 2d mortgage, gold........................
1887
1892
1897
1890
«678; int., $58,490 ; bal., deficit, $27,811. In 1897-98, gross, $92,910;
net, $30,429. President, B. H. Welch, Hughesville, Pa.; Sec. and Treas.,
H. C. Adams, New York. Y. 66, p. 812; V. 68, p. 979; V. 70, p. 1197.
WI1. Col. dc Ang. B B . - See Atlantic Coast Line RR. of S. C.
W ilm in gton dc Northern It It.—Owns Wilmington, Del., to
Highs Junction,Pa.,71 miles; branches, 17 miles; total owned, 88
miles; trackage to Reading, Pa., etc., 4 miles. Also controls by own
ership of majority of capital stock the Westchester Electric Ry, 5’57
miles, from junotion with W. & N. RR. at Lenape General mort, bonds
are reserved to retire first mortgage indebtedness at maturity. Stock
authorized, $1,500,000; outstanding, $1,278,050; par, $50. The Phila.
& Reading Ry. owns practically the entire capital stock, and leases
tthe road for 999 years from Feb. 1,1900, for interest on $750,000
bonds and 3^ p. c. div. on stock, payable quarterly (Q-F-15). V . 70,
p. 127, 998.
A nnual R e p o b t .—Report for 1898, in V. 68, p. 1021, showed :
Yr. end. Dec. 31 - Gross.
Net.
Interest.
Rental. Bal., surp.
$59,509 $50,744
$9,329
$9,436
1898...................$454,783
1897................... 435,736
60,652
48,094
5,125
7,433
—Y. 68, p. 479,1021; Y. 69, p. 1302; V. 70, p. 127, 998.
W ilm in gton dc W eldon R R .—See Atlanta Coast Line RR.
W in o n a Bridge R a ilw ay .—Owns bridge between Winona,
Minn., and Buffalo, Wis., 1*03 mile, opened Sept. 1. 1891. Leased to
Winona & Western, Green Bay Winona & St. Paul and Chicago
Burl. & No. for 30 years. St o c k .—$400,000; par, $100. Year ending
June 30, 1899, gross, $19,734; net $5,617. In 1897-98, gross, $20,774; net, $13,302; charges, $19,669; balance, deficit, $6,367.
W in o n a dc Western R y .—Owns from Winona, Minn., to beyond
Osage, Iowa, 117 miles. Organized in October, 1894, and purchased
the Winona & Southwestern, sold in foreclosure. V. 59, p. 836. In
Feb., 1900, extension from Simpson to Rochester, Minn., about 7*2
miles, was opened. Stock auth., $2,000,000; par, $100. In Mar., 1900,
the Jan., 1898, coupon unpaid. Under arrangement with the security
holders net earnings have been applied to improvements and exten
sions. Year 1898-99, gross, $184,254; net, $54,380; in 1897-98, net,
$30,742.—V. 70, p. 634.
Wlscasset dc Quebec R R .—Y. 69, p. 233.
W isconsin Central R ailw ay.—(See 3fop;—S ystem extends
from Chicago to Ashland, Wis., and Lake Superior iron mines, also to
-St.Paul and Minneapolis. By the extension to Manitowoc and the car
ferry across Lake Michigan, connects with the Pere Marquette and has
a short line to the East. V. 63, p. 117. The system inoludes:
Lines owned .—
Miles.
L in es owned .—
Miles.
■Chicago io Ashland, Wis......... 428 Other branches.............
52
St. P. J un. to Abbottsford, Wis 157 tra ckage to Chic., Minn., etc.. 26
Branch to Bessemer................. 34
Rugby to Milwaukee, e tc .... 29
Stevens Point to Portage City. 71
Spurs to industries (54 miles
Neenah to Manitowoc.............. 45
uuoperated)........................ 149
Grand total (including spurs operated 75 miles and unop. 54 m) .991
Traffic .—Of the 3,636,809 tons oarried in 1898-99, 37 per cent was
iron ore, 20 per cent lumber and forest products and 7 per cent ice;
ton mile-rate, 0'732 of a cent.
O r g an ization .—Successor July 18, 1899, ef Wisconsin Central
Co. after foreclosure per plan V. 68, p. 725 ; has acquired by deed all
the properties, including leased lines operated either separately or in
part by the latter, including the Central Car Co., Chic. Wis. & Minn
RR., Milwaukee & L ke Win. RR., etc . purchased for cash under the
plan. A ll the foregoing are covered by the new mortgage. V. 69 p.
29,83,133,182. Uses Illinois Central terminals in Chicago. v .’69Ì
p. 1148,1249. See application in fu ll to list securities.— 70, p. 433.
V.
St o c k —V oting T ru st .—Both classes of stock w ill be vested in thè
voting trustees, George Coppell, John Crosby Brown, W illiam L. Bull
Fred. T. Gates and Francis R. H art, for five years. The voting trustees
may, however, deliver the stock at any earlier date. After 4 pe1 cent
*
dividends on both common and preferred shall have been paid in any
year both shall participate equally in any further dividends for such
wear. After the termination of the voting trust the preferred is to
nave the right to elect a majority of the directors whenever for two
successive years dividends upon the preferred at the rate of 4 percent
per annum shall not have been paid in cash.
B onds — The new 1st gen. gold 4s ($27,000,000 authorized} are
seoured by a mortgage upon all the lines of railway, terminals, equip
ment and other property a quired thereby, and also by deposit o f all
securities owned or acquired under the elan; in July, 1900, $1,712 000
were reserved to retire underlying bonds still outstanding, and about
$1,561,000 remained available for betterments, purchase of equip
ment, etc. In May, 1900, made a purchase money mortgage on Min
neapolis terminals to Minneapolis Trust Co., as trustee, to secure
$300,000 of 3*2 per oent bonds.—V. 70, p 896.
G e n e r a l F inances .—The reorganization provided $5,060 257 for
mew equipment, improvements, expenses of the reorganization, etc.
/ osition o f the New Com pany .^-This is stated as follows;
Net earnings ot system for 1898, after paying taxes and
term inal charges.................................................................. $1,413 637
«Fixed charges under plan, not to exceed............................... 1,080,000
Surplus applicable to dividends on preferred stock...... $333,637
1907-1927
5
J. & D. Phila., Read’g Term’l.
Ang. 1, 193S
do
do
5 g. Q.—F.
1900-1906
5
Q.—F. First N. Bk., Wilm., Del.
5 g. M. & S. N. Y ., J. Walker & Son. Sept. 1,1915
1945
5 g- J. & J. July, ’97, coup, last pd.
Div’nds from July 1,’99
4 g. J. & J. In t’st from July 1, ’00 July 1, 1949
Jan. 1, 1950
3^tg. J. & J.
Moh. 1, 1916
July 1, 1912
Jan. 1, 1909
Jan. 1, 1945
Cot. 1, 1910
July, 1900,2%
July 1, 1906
Jan. 1, 1913
Jan. 1, 1930
Oct. 1, 1934
Feb 15, 1924
Apr. 1, 1932
Sept 1, 1940
Other Incom e (estimated)—
Income from securities owned and from land department
(royalties on iron mines, stumpage and prooeeds of land
sales), which, after acquiring Wisconsin Central RR.
bonds, w ill become available...............................................
Expected increase in net earnings to come from improve
ments and new equipment, about......................................
Estimated surplus available for dividends.....................
E arnings.—For 11 months ending May 31;
Year.
Gross.
Net.
Oth. inc.
.
$75,000
250,000
$658,637
Interest, etc. B a l.,su r.
1899-0..... $5,131,953 $1,856,340 $9,367
$1,440.265 $425,442
1898-9..... 4,617,319 1,856,858
121,627
1,437,215
541,270
Years ending J une 30—1899.
1898.
1897.
1896.
Gross earnings........... $5,118,019 $4,939,725 $4,179,971 $4,399,511
Net earnings............... 2,060,529 1,918,918 1,405,775 1,391,194
Other income.............
428,038
59,821
62,175
324,444
Total net............. $2,488,567 $1,978,739 $1,467,950 $1,715,638
D ire cto rs .—George Coppell, John Crosby Brown, William L. Bull,
Charles 0. Beaman, Fred. T. Gates, Gerald L. Hoyt and James 0.
Colgate, New York; Francis R. Hart, Boston, and Henry F. Whit
comb and Howard Morris of Milwaukee.
Off ic e r s .—Chairman of the Board, George Coppell; President, Henry
F Whitcomb, Milwaukee; General Counsel, Charles C. Beaman, New
York; Auditor, Robert Toombs, Milwaukee; Treasurer, Frederick
Abbott, Milwaukee; General Superintendent. Sumner J. Collins, M il
waukee. Office, 24 Exchange Place, N. Y.—(V. 69, p. 1249, 1298; V.
70, p. 231, 431, 896, 12U2.)
W isconsin dc Michigan R y.—Owns from Faithorn Juno
tion, Mioh., on Minneapolis St. Paul & Sault Ste. Marie Railway, to
Peshtigo, Wise., 49 miles, with branoh, 5 miles. Opened for traffic Jan.
1.1895. From Peshtigo oars are taken by Lake Michigan Car Ferry
Transportation Co. to Chicago. Extension to Menominee Iron Range
proposed, of which 8 miles graded Oct., 1899, to cost about $575,000;
bonds were to be issued. V. 66, p. 185. Stook authorized and
issued, $951,500; par value, $100; equipment trusts (June 30, 1898),
$118,526; other unfunded debt, $308,028. In 1897-8, gross, $110,374;
net, $35,819; int., $53,307. Pres., S. M. Fischer, Chicago.—V. 66, p. 185.
W isconsin W estern R R .—Owns from Wauzeka, Crawford Co.,
to La Farge, Wis., 51*7 miles. Incorporated in Dec., 1899, as succes
sor of the Kickapoo Valley & Northern R r ., foreclosed. V. 69, p,
1148. Stock authorized, $600,000. No bonds had heen authorized
Deo. 31,1899. For year ending June 30,1899 (old Co.) gross, $36,225; def. under operating, $«,283. President, Horace A. J. Upham;
V. P., Wm. E. Black; Seo., Charles E. McClure; Treas., Charles W.
Norris. Office, Old Ins. Bldg., Milwaukee, Wis.—(V. 69, p. 1148.)
W oonsocket & Pascoag R R .—Owns road from Woonsocket,
R. I., to Harrisville, 9 miles. Incorporated 1889. Leased to N. Y. &
New England, but in July, 1896, the New England RR. purchased the
entire capital stock—see V. 63, p. 698. Stook, $200,000; par, $100.
Worcester Nashua dc Rochester R R .—Owns from Worcester
via Nashua to Rochester, 94 miles. Leased for 50 years from Jan. 1,
1886, to the Boston & Maine; rental $250,000 and taxes. Mutual Life
Insurance Co. in 1899 owned $2,015,000 (market value of the stock).
D iv id e n d s - ) 1887-93. ’94. ’95. ’96. *97. 1898. 1899. 1900.
Per cent.........5 6 yearly 5
5 5
5
5*4 4*a
4
Total profit and loss deficit June 30,1899, $394,565. Current liab ili
ties Apr. 1,1900, $89,500.—V. 60, p. 749.
W r lg h ts v lll- dc T e n n ille R R .—Tennille, Ga., to Hawkinsville
76 miles, of which Dublin to Hawkinsville, Ga., 40 miles, was former
Oconee & Western RR., merged Feb. 1,18^9. V. 69, p. 189. Stock,
common, $230.000; preferred, $70,000. Par of shares $25. Cent, of
Ga. Ry. owns all the preferred and *104,300 of the common stook.
Dividends (J.&J.) were paid on both stocks at rate of 7 p c.; 1900, Jan.,
3 p. c. For year to June 30, 1899, including Oconee & West, from Feb.
1, gross, $1 14,260: net, $38 666 In 1897-8, gross, $90,4 <4; net. $29,788 Pres, and rtupt., G. W. Pei kins, Tennille, Ga. (V. 68, p. 189.)
W yo m in g dc B la c k H ills R y .—Under construction in A pril,
1899, from Merino, Wyoming, to Deadwood and Belle Fourohe in the
Black Hills, South Dakota, and expected to be completed about
August, 1899. Owns also 2,080 acres of coal lands. Stock, common;
$3,000,000; outstanding, $1,500,000; par $100. Pres., Sam’l W. Snow,
Sec., Edmund H. Noyes, 27 State Street, Boston, Mass.—V. 68, p. 726.
Y o rk S o u th ern R R .—R o a d .—York to Delta and South Delta,
37 miles (standard gauge), with branoh from Delta to Peach Bottom,
Penn., 4 miles (gauge 3 ft.). In A pril, 1899, Sperry, Jones & Co. of
Baltimore purchased a majority of the stook ana bonds .—V. 68, p. 675.
Stock an d B onds .—Capital stock is $600,000 (par $50). York and
Peach Bottom, Series “A" bonds are for $47,500, interest A. & O.;
Series “ B” bonds are for $202,450, interest M. & N.
E arn in gs .— 11 mos., > 1899-0.............. Gross, $82,472; net, $27,742
July 1 to May 31. J1898-9..............Gross, 68,661; net, 20,726
For year ending June 30,1899, gross earnings, $75,076; net, $22.160.
In 1897-8, gross, $74,358; net, $28,045. President (April, 1900),
Chas. H. Jones, Jr.—V. 68, p. 87, 675; V. 69, p. 956.
Zanesville dc Ohio River R y ,—See Ohio & L ittle Kanawha Ry.
133
BONDS.
STOCKS AN D
RAILROAD
J u l y , i 900.1
MI SCELLANEOUS
COMPANIES.
The following pages (Nos. 154 to 168) contain the leading industrial companies. Some additional statements will
he found on pages 169 to 173, while various gas companies are on page 174, and an index to still other industrials is on page 178.
Bond» —Princi
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
Date Size, or
pal,When Due.
Amount
Par Outstanding Rate Per When Where Payable, and by Stocks—Last
For explanation of column headings, &c., see notes on of
Bonds Value.
" Dividend.
Cent. Payable
Whom.
first page of tables.
$100 $12,000,000 See text. J. & D. New York, 59 Broadw’y June 1, ’00, 2
A dam » Express —Stock........................................................
4 g. M. & S. N. Y ., Merc. Trust Co. Moh. 1, 1948
Collateral trust mortgage, gold................................M e 1898 500 &o. 12,000,000
100 75.000. 000 text. Q .-J .
July 30,’00,2%
Checks mailed.
8ee
Am algam ated Copper—Stock, $75,000,000.......................
100 17,0( 0,000
A m er. A gricul. Chemical Oo.—Stock, com., $20,000,000.
100 37.000.
A. & O. N. Y ., Office, 26 B’way. Apr. 2, ’00, 3%
000
Pref. 6 p. ct. cum. (as to assets and div.) $20,000,000..
A m er. Bell Telephone—Bee Amer. Teleph. & Telegraph Co.
100 10.000.
000
Am eri<an B icycle —Pref. stock, 7 p. c., oum., $1<|,000,000
Sept. 1, 1919
New York.
Sinking fund debentures, gold, $10,000,000.1Jsm... e* 1899 1,000 10,000,000
5 g. M. & S.
100 30.000. 000 text. Q.—: . N. Y., Guar. Trust Co. Aug. 1, ’00, ’a
See
P
A m erican Oar < F otm dry—Go mmon stock, $30,000,000.
£
100 30.000.
Aug. l . ’OO, 1 \
do
do
000 7
Q.—P.
deferred stock, 7 per cent, non-cum., $30,000,000....
July, ’00, l 1
#
See text. Q.—J.
A m erica n Chicle—Stock, common, $ 6 ,0 0 0 ,0 0 0 ............
(Î)
July, ’00, 21«
See text. Q .-J .
tfj
Preferred, 6 p. c. cum., $3,000,00i>.................................
100 20.237.100 4 in 1899
N. Y., Winslow, L. & Co. Deo. 1, ’99, 4%
Am erican Cotton Oil—Common stock (see V. 54, p. 761)...
June 1,’00, 3%
100 10,198,600 6 in 1899 J. & D.
do
do
Pref. stock 6 per cent non-cum., sub. to call at 1 0 5 .....
Nov. 1, 1900
do
do
3.000.
000 8 g. Q.—F.
Debentures, subject to call at 110, gold...................... o* 1890 1,000
TûYt.
Nov. 1, 1915
1,000
do
do
41 g Q -F .
«
Do
ext. in 19 00 ................................................. 1890
100 18.000. 000in 1900 J. & J. N.Y.,Co.’s Of., 65 B’way July 2, ’00,3%
6
A m erican Express —Stoek................................................ .
11.500.000
A m er. H id e Leather—Common stock, $17.500,000........
13,000,000
Pref. stock, 7 per cent oum., $17,500,000.....................
Sept. 1, 1919
8.445.000
6 g. M. & 8.
1st M., $10,000,000, g., s. f., subj. to call at 115.Col.e* 1899 1,000
100 22.939.100 See text. Q.-F. 15 133 E. 23d St., by check May 15, ’00, 1
A m erican Ice —Common stock...........................................
July 14,’00,11«
100 12,440,400 See text. Q.-J. 15
do
do
Pref. stock, 6 per cent, cum., $30,000,000.....................
1.255.000
Underlying bonds...........................................................
‘ Too 16.750.000
Q -M . By check from Chicago. June 15’00,1%
A m er. Linseed—Pf. stock, 7 p. c., non-oum., $16,750,000.
100 14.440.000
Check from Co.’s office. Oct.15,’9 9 ,1%
A m erican Malting.—Preferred stock (7 p. c. pref., oum.)
Dec. 1, 1914
4.000.
000 6g. j .’ & 'd ,
1st M., $5,000,000, g., sink, fund, subj. to call at 105.C* 1899 1,000
Acetylene.—See Electro Gas, V. 61, p. 1107; N. Y. Carbide < Acet.,
&
V. 61, p. 1155; Un. Carbide, V. 66. p. 762.
Adam s E xp ress.—Or g a n iza t io n .—An association formed in 1854
but not incorporated, operating on about 28,000 miles of railroad, in
cluding Penn., C. B. & Q., Ches. & Ohio, N. Y. N. H. & H ., etc.
B onds .—In 1898 treasury securities were pledged with Mercantile
Tr. Co. to secure (subject to prior indemnification of shareholders from
any loss by reason of personal liability) $12,000,000 of 4 p. c. bonds.
These last were then distributed as a 100-p. c. dividend. V. 66, p. 470.
D iv id e n d s .—For many years 8 p. c yearly, bu t reduced in 1898, on
payment of 100 p. c. dividend in bonds, to 4 p. c. V. 66, p. 1235.
Albemarle & Ches. C a n a l.—See Supplem en t of January, 1898.
Amalgamated Copper Co.—O r g a n iza t io n . E t c .—Incorporated
on April 27,1899, in New Jersey and purchased in May, 1899, large in
terests in Anaconda Copper Co. (V. 67, p. 953), Parrott Silver & Cop
per Co., Washoe Copper Co., Col. Smelting, etc.—V. 68, p. 1022,1233.
Dividends, 1*« p. e., and *2 p. c. extra paid quarterly (Q.-J.), Oct.,
1899, to July, 1900, both inclusive.— 69, p. 646, 696,1303.
V.
O f f ic e r s .—President, Marcus Daly ; Vice-Pres., Henry H. Rogers;
Sec. and Treas , W illiam G. Rockefeller. Directors, Wm. Rockefeller,
A. R. Flower, F. P. Olcott, Robert Bacon, Jas. Stillman and A. C. Burrage. Office, 52 Broadway, New York.—(V. 70, p. 39, 281,741, 896.)
American Agricultural Chemical Co.—O r g a n iza tio n .—In
corporated in May, 1899, in Connecticut, under special charter, and
acquired control of fertilizer companies (including Listers’ of New
ark) named in prospectus in V. 68, p. 974. First dividend on preferred
3 p. o., paid Oct 1,1899; in 1900, April, 3 p. c. Average annual prof
its of the 22 original concerns for five years amounted to $1,419,879.
Net earnings for first 6 months of new company, 17 of the 29 compa
nies, $1,045,529. V. 70, p. 585. President, John F. Gibbons, New York;
Secretary, Albert French; Treasurer, William H. Grafilin. New York
office, 26 Broadway.—V. 70, p. 39, 585.
A m . Air P o w e r—See Comp. A ir Co.,p. 170; Am . A lkali, p. 169.
American B ank Note—American Beet Sugar.—See p. 169.
American Bell Telephone Co.—See Amer. Teleph. & Telgr. Co.
American Bicycle Co.—Or g a n iza t io n —Incorporated in New
Jersey on May 12,1899, and acquired 45 concerns mentioned in V.
69, p. 177, 493, including Pope Mfg.Co. (Columbiabicycle), Crawford
Mfg. Co., Western Wheel Works, Am. Saddle Co., (V. 68, p. 569),etc.
In Nov., 1899, sold to the Rubber Goods Mfg. Co. control of the sev
eral rubber tire manufacturing plants. V. 69, p. 964,1015.
Stock authorized and outstanding, common, $20,000,000 ; pref. 7
p. c., cum., $10,000,000 (all issued) ; bonds, see table above. In the
event of a mortgage being made, holders of debentures may exchange
them for new bonds secured by the mortgage or 105 in cash. See V. 69,
». 696. and adv. in C hro nicle Sept. 30, 1899. ¡-inking fund retires
$25o,000 bonds yearly Sept. 1 at not over 105. Balance sheet Oot. 1,
1899.—V. 70, p. 684.
O f f ic e r s .—R. L. Coleman, President; A. L. Garford, Treas’r; C. W.
Dickerson, Sec. Office, Park Row B.dg., N. Y.—V. 70, p. 177, 684.
A m . Bridge Co.—Or g a n iza tion .—Incorporated in New Jersey
in April, 1900, and took over 2ft leading bridge plants, controlling, ft
was said, about 90 percent of the bridge tonnage of the country, sev
eral also doing a large amount of structural iron and steel work. See
list, V. 71, p. 86. Stock, authorized, $35,000,000 each of common and
7 p. c. oum. pref. The new company w ill have from $10,000,000 to
$12,000,000 cash working capital. A ll the stock issued w ill be held
for i8 months. J. P. Morgan & Co. were interested. President. Percival Roberts. Jr.; Vice-Presidents, Charles MacDonald. Frank Conger,
William H. McCord, Obas. M. Jarvis, Charles C. Schneider and James
Christie; Gen. Mgr., James P. Kennedy; Treas., Wm. H. Connell; Sec.,
Douglas O. Morgan. Directors. V. 71, p. 86. Main office, 100 Broad
way, New York. V. 70, p. 1150; V. 71, p. 86.
American C a r & Foundry.—Or g a n iza tion , E tc .—Incorporated
in New Jersey on Feb. 20,1899, as a consolidation of the MichiganPeninsular Car, Ohio Falls Car Mfg. and other companies mfg. freight
and passenger cars. V. 68, p. 280, 377,1029; V. 71, p. 86.
St o c k .—First dividend on pref.. 1^ p. c., paid July 1,1899; Nov. 1,
1899, to Aug., 1900, both inclusive, 1% p. o. quar. (7 per an.) First
div. on coma on, !« p. o., paid Aug. 1,1900. V. 70, p. 1293.
E arnings , E tc .—Report for 14 mos. ending April 30,1900, was in V.
70, p. 1247, showing net earnings A pril 30, $5,734,949; dividends on
pref. stock, (7 p. o.), $2,036,300; surplus, $3,698,649. For 14 mos.
ended April 30,1900, the business included: Freight cars, 74,455; pas
senger cars, 214; car wheels, 910,161, etc.—V. 69, p. 542.
O f f ic e r s .—Pres., W illiam K Bixby; Chair, of Board & Treas., Wm.
MoMilian; Sec., F. F. Webber, St. Louis, Mo. Directors, V. 70, p. 1247.
N. Y. offii e, 71 Broadway.—V. 71, p. 86.
A m . Cement—Am. Clay M fg.—A m . Coal—See p. 169.
American Chicle Co.—Or g an ization .—Incorporated m New
Jersey on June 3, 1899, and consolidated the leading chewing gum
interests.—V 68, p. 1130. Dividends: On preferred, Oct.,1899, to July,
1900, l 1 p. c. qu. (6 per an.). Common l 1 p. c. Oct., 1899; Deo., 21
«
«
«
p.c.; 1900, Apr., 2 p. o.; July, 21 p. o. List of manufactories ab
«
sorbed, see V. 68, p. 871. Annual profits of constituent companies, it
is said, were in excess of $560,000. President, W. J. White, Cleveland;
Vice-Pres., Dr. Beeman, Cleveland; Sec., Jonathan P. Primley, Chi
cago; Treas., H. Rowley.—V. 68, p. 1021,1130,1223; V. 69, p. 796.
A m e ric a n C o tto n (compressed bale).—See page 169.
American Cotton OH.—Or g an ization .—Incorporated Oot. 12,
1889, under the laws of New Jersey, to succeed the American Cotton
Oil Trust, of which it was a reorganization. Has extensive works in
various southern cities, etc, for manufacture of crude and refined
cotton oil, lard, soap, fertilizers, etc.
Sto c k an d B onds .—Common stock authorized, $20,237,100; pref.,
$14,562,300. See pref. certificate in editorial of May. 1893, Su p p l e
m ent . In April, 1900, arranged to extend the $3,000,000 eight per cent
debentures for 15 years from Nov. 1,1900, at 4*« per cent.
D iv id e n d s , E tc .—Pref. stock June, 1892, to June, 1900, inclusive, 6
p. o. per an. On common, 3 p. c., Dec.l, 1898; Deo., 1899, 4 p. o.
R eport .—Report for 1898-9 at length in V. 69, p. 1009,1016, showed
profits $1,883,255, after meeting expenses of administ.. interest. <feo
.;
mt. on deb. bonds, $245,440; balance, net income, $1,637,815; divi
dends on pref. (6 p. o.), $611,916; div. on common (4 p. o.), $809,484 ;
bal., surplus for year, $216,415, against $95,192 in 1897-98. Profits:
Year ’96-97, $1,542.673; in *97-98, $1,559,661; in ’98-99, $1,883,255.
Of f ic e r s —President, George A. Morrison; Vice-President, Robert
F. Munro; Seo. and Treas., Justus E. Ralph. 27-29 Beaver St., N. Y.
Executive committee: George A. Morrison, J. Fred’k Chamberlin,
Robert F. Munro. Tranfer agents, Winslow, Lanier & Co., bankers,
New York City.—(V. 69, p. 1009,1013, 1016; V. 70, p. 843.)
American District Telegraph.—See page 169.
A m erican E xp ress.—An “ Association” formed under the laws
of New York State in 1859 and 1868. Not an incorporated company.
Operated in June, 1900, on about 40,000 miles of railroad in the
United States. Dividends, 6 p. c. per ann. since 1882. President, J. C.
Fargo; Treas., Charles G. Clark. Office, 65 B’way.—V. 70, p. 998.
American H ide & Leather C o .— O r g a n iza tio n .—Organized
in New Jersey in 1899. V 69, p. 493. In Jan., 1900, said to control
about 75 per cent of the upper leather output of the country, including
concerns mentioned in V. 68, p. 925 except Webster & Co. and R.
Suhm L.Co. See V. 70, p. 77 ,and adv. in Ch r o n . of Jan. 13,1900.
B onds .—A sinking fund of $172,500 w ill retire bonds Sept. 1 yearly,
if purchasable at 115 or less, or if not w ill be invested in other securi
ties. J. & W. Seligman & Oo. financed the consolidation. President,
Thomas W. Hall; Sec., Charles A. Haskell; Treas., C. W. Tidd, Boston.
Mass. Office. 96 Cliff 8 t.,N .Y .—V. 69, p.335,493,646, 697; V. 70,p.77.
A m e ric a n Ic e Co.—O r g a n iza t io n .—Incorporated in New Jersey
on March 11,1899. and in October, 1899, had acquired most of the
$10.000,000 stock of the Consolidated Ice Co. of New York (see V. 65,
p, 461) and the $10,000,000 stock of the Knickerbocker Ice Co. of
Maine. For list of plants, balance sheet of August 31,1899, etc., see
official statement, V. 69, p. 793; V. 70, p. 585. Transacts a whole
sale and retail business in New York. N. Y.; Philadelphia, Pa.;
Baltimore, Md.; Washington, D. C.; Camden. N. J.; Lakewood, N. J.,
and Atlantio City, V. j . As to steps to obtain annulment of charter,
see V. 70, p. 947,1051,1293.
D iv id e n d s .—On pref’d Oct. ’99, to July, 1900, 6 p. o. yearly, payable
(Q.-J.) On com., 1 p. c. Nov., ’99; 1900, Feb., 1 p. c.; May 15, l p. c.
D ire cto rs , E t c .—CharlesW. Morse (President), Charles T. Barney,
Frank K. Sturgis, W illiam H. Gelshenen, H. H. Morse, Alfred W.
Hoyt, all of New York; J. Manchester Haynes, of Augusta, Me.; D. W.
Hunt, of Philadelphia; Wesley M. Oler, of Baltimore; C. B. Church, of
Washington. D. 0.; Jonn D. Schoonmaker, of Rondout. Treasurer is J.
T. Sproull. Office, 133 East 23d St., New York.—V. 70, p. 1051,1293.
Amer. Iron A Steel Mfg.—See p. 169.
American L in se e d .- O r g a n iz a t io n , E tc .—Incorporated on Dec.
5,1898, under the laws of New Jersey, as a consolidation of the
National Linseed Oil Co. with the ten leading outside linseed oil compa
nies in the U. 8., per plan in V. 67, p. 1161; V. 69, p. 697. For list
of plants, etc., see official statement, V. 70, p, 631. Com. stock author
ized, $16,750,000, all outstanding; pref. stock as in table.
D iv id e n d s .—On pref., June 15. ’99,to June, 1900,1% p. o. quarterly.
R e p o r t .—For year ending Mar. 1,1900, gross business stated as over
$14,000,000. V. 70, p. 330, 741.
Of f ic e r s .—President, Guy G. Major, Toledo, O ; Sec., G. E. Highley,
General offices, Chicago.—(V. 70, p. 330, 63 1, 741.)
American Malting Co«—A consolidation incorporated Sept. 27,
1897, in N. J.—V- 65, p. 619; V. 70, p. 478.
Stocks .—Authorized, $15,000,000 each common and preferred; is
sued, common, $14,500,000; preferred, as in table. D ividend»—On
pref.: Jan., 1898, to Oct., 1899, incl., 7 p. o. per an.; none since.
B onds . -O f the bonds (Walter G. OakmanandGeo. R. Turnbull, trus
tees), $4,000,000 were issued in Deo., 1899, to retire the floating debt
and for working capital. A sinking fund equal to one-half of the divi
dends on the preferred stock w ill retire bonds at or below 105. 8ee V.
69, p. 956,1195, and official circular, V. 69, p. 1013. On Dec.31, ’99,
underlying mortgages, $371,000.
E arnings —
Report of investigating committee covering period from
Oct. 11,1897, to Deo. 31,1899, with balance sheet, in V. 70, p. 478,
showed: Net profits to Dec. 31,1898, $688,386; net profits for year
1899 $177,564; total, $865,950; dividends paid ($877,800 in 1898 and
$977,550 in 1899), $1,855,350; discount on bonds, $400,000; def., as
per balance sheet Dec. 31,1899, $1,389,400.
O f f ic e r s .—Pres’t, Chas. A. Stadler; Sec’y, Edward Merriok; Sec.,
V.-P. and Treas., Jos. P. Ord. N. Y. office, 63d St. & E. R. V. 70,p. 47 8.
J u l y , 1900.]
MISCELLANEOUS
STOCKS
AN D
BONDS.
19S
Honds—
Prxncl
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
pal,When Dne.
Date Size, or Amount
Par Outstanding Rate Per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes on
Dividend.
Whom.
Cent. Payable
Bonds Value.
first page of tables.
A m er. Sheet Steel—Common stoch $26,000,000...............
Preferred stoch, 7 per cent, cum., $ 2 6 .0 0 0 ,0 0 0 . . . . . —
A m er. Sm elting A R efin in g —Com. stoch, $32,500,000. ..
Pf. sth., 7 p.o. cum., $32,500,000 ............
••■■■■■-• ■
A m erican Steel Hoop—F ret. 7 per ct., cum., $14,000,(W0.
A m er. Steel A W ire o f N. J. Common stooh, $50,000,000
Preferred stooh, $40,000,000, 7 per cent, cumulative..
A m erican Sugar Refining —Common stoch, $37,500,000..
Prel. stoch. 7 p. c. cum. (notpref. as to a s s e ts )..........
Am erican Telegraph A Oable—Stooh, 5 per cent rental....
A m erican Telephone A Telegraph —Stoch, $100,000,000 ..
Collateral trust mortgage, cur.OB (V. 70, p. 4 0 )....c
Am. Bell deben.OB. V. 67, p. 72, 1355; V. 70, p. 40.c*
A m er. Thread —pref. stoch, $6,000,000 5 p.o., cum..g.or &
1st colL trust M .,$6,000,000,g. or & .......
--- ••<
»-o’
A m erican Tin Plate Oo.—Stoch, common, $30,000,000
Stooh, preferred, 7 per cent, cumulative, $20,000,000.
A m erican Tobacco Oo.—Com. stooh, $56,000,000 auth....
Pref. stooh, 8 p.o. non-cum.; pref. as to assets anddivs..
Dividend scrip. See text............... - - .............................
A m er. Waltham Watch Oo.—Stooh, $4 .000,000....... ...
A m erican Woolen —Pref. stoch, 7 p. c., cum., $25,000,000
Amer. W riting Paper —Pref. stoch, 7% cum., $12,500,000
1st M., s.f.g,.,$17,000,000,call. aft. July,’09,105.OB.c*
Asphalt Oo. o f A m erica—Gol. trust ctfs., $30,000,000, g..
$24,500,000
24.500.000
27.400.000
Q .-J . N. Y., 71 Broadway. July 10,’00,1%
27.400.000
N.Y,, Manhattan Tr.Co. July 31,’00,1%
14.000. 000
July 2 ,’00,1%
7
50.000. 000in 1900
7
40.000. 000in 1899 q !^ j ! Chicago Offloe,Roohery July 2, ’00,1%
«
36.968.000 See text. Q.—J. N. Y. Offloe, 117 W all St. July 2, ’00, l 1
July 2, 1900*
do
do
36.968.000 7 in 1899 See text
June.’OO, 1%%
Q .-M . N. Y., West. Union Tel.
5
14.000.000
July 16,’CO,2
Q .-J .
See text.
J7 & J. New York, Co.’s office. July 1, 1929
4
6,000,000
J. & J. Bost.. Nat. Bh. of Com. July 1, 1908
10.000. 000 4
4.890,475 5 in 1900 J. & J. Guar Trust Co., N. Y. July, 1900,21»
Jan. 1, 1919
do
do
5,798,000 4 g. or & J. & J.
28,000,000
July31,’00,l%
New York.
Q .-J .
-7
18.325.000
«
54.500.000 See text. Q .-F . N. Y ., Farm. L. & Tr. Co. Aug. 1 /0 0 ,15
Aug. 1,’00, 2%
do
do
8
14.000.
000in 1899 Q .-F .
M. & N. N.Y. Farm., L. & Tr. Co. May 1, 1902
6
3,024,490
....
4,000,000 See text. M. & S. By company’s check. Mch.15’00, 4%
100
Q.—J.15 N. Y., Guaranty Tr. Co. July 16,’00,1%
100 ?0,000,000
—
12.500.000
17.000. 000 5 g. J. & J. Boston, Old Col. Tr. Co. July 1, 1919
1899
1,000
’ 1899 100 &0. 30.000. 000 5 g. A. & O. Land T itl. & Tr., Phila. Apr. 1, 1949
....
$100
100
100
100
100
100
100
100
100
1,000
1899
1,000
1898
5
1899 500 &o.
100
100
50
100
....
Dec. 3 1 ,’97.
Dec. 31. ’99. Dec. 31, ’98.
A m e ric a n P n e u m a tic S ervice.—See page 169.
Canital stock..................... $73,936,000 $73,936,000 $73,936,000
31,150,525
Debts..
21,152,323
32,987,200
American Radiator.—American. Sh ipbuildin g.—Seep. 169.
11,024,891
Reserves.............................
7,395,214
11,227,677
American Sheet Steel.—Incorporated in New Jersey on Mar. 28,
1900, to consolidate leading sheet steel mills. Y. 70, p. 332, 634.
Total lia b ilities ...........$102,483,537 $118,150,877 $116,111,416
See list, Chro nicle of July 28,1900.
D ire cto rs .—H. O. Havemeyer, Ohas. H. Senff, Arthur Donner, Low
Officers —Geo. B. McMurtry, Prest.; F. S. Wheeler, Treasurer; H. ell M. Palmer, John Mayer, W. B. Thomas, John E. Parsons; Treasurer,
B. Wheeler, Secretary; Mr. Scott, Auditor.—V. '0 , p. 1051.
Arthur Donner. N. Y. office, 117 Wall St.—(V. 70, p. 998, 1051, 1096,
1197; V. 71, p.136.
American Smelting d Refining C o —Or g a n iz a t io n , E t c .
c
Incorporated April 4, 1899, under laws of New Jersey, Y. 68, p.
American Telegraph & Cable.—Owns two cables between Nova
668. Controls the Kansas City Smelting & Refining Co., the Omaha & Scotia and England. Leased until 1932 to Western Union—which see.
Grant Smelting Co. and other plants. For list oi plants, rights of
American Telephone & Telegraph C o .—O r g a n iz a tio n .—For
stooh, etc., see V. 68, p. 975.—V. 68, p. 471, 523; V. 70, p. 232, 281.
Net earnings, $3,24o,000 in 1898. Omaha & Grant Smelt. 1st 6s, due merly owned only the long-distance lines of the Amer. Bell Tele
phone Co., but in 1900 took over also its other assets, including the
March 1,1911, $1,067,000, retirable about $70,000 annually by sinhsecurities owned in local companies (see V. 69, p. 826, 907,1149), also*
ing fund, are the only outstanding bonds.
585. See series of telephone articles, V. 69,
D iv id e n d s onpref., to July, 1900, inclusive,regularly 7 p. o. per an. circular. V.170,2p.V. 70, p. 817. On June 20, 1900, 1,793,587 p. 674,
826 1034, 2 2 ;
instru
(1% Q-J).
ments were in use, against 1,374,175 on June 20,1899.
D ire cto rs .—E. W. Nash (President), W alter S. Gurnee, H. H. Rog
St o c .—Authorized
which two
ers, Grant B. Schley, Leonard Lewisohn, A. R. Meyer, D. H. Moffat, M. shares kwere given in issue, $100,000,000 (par $100), of$25,886,300
exchange for every
D. Thatcher, J. B. Grant, Guy C. Barton, Dennis Sheedy, N. Witherell, Bell stock, and each share was allowed to share of the par to twosubscribe at
R. 8. Towne, A. Ellers and Barton Sewell. Secretary is Edward fifths of one share of new stooh additional, of which one-half of the
Brush. Office, 71 Broadway.—V. 70, p. 232, 281, 585, 741, 947.
purohase price to be paid Aug. 1, 1900, and the remainder Jan. 1,
1901.—V. 68, p. 1178; V. 69, p. 1195, 1249; V. 70, p. 1250.
A m e r. S n u f f — A m . Soda F o u n ta in .—See p. 169.
D iv id e n d s .—On AmericanBell Telephone stock were:
American Spirits M fg.—See D is tillin g . Co.
Y ear—
<1888-91.’9 2 .’9 3 .’9 4 .’9 5 .’96.’9 7 .’98 .’99.
1900.
A m e ric a n Steel C astin g .—See page 169.
Percent. 118 y’rly. 15 18 16^ 15 15 15 15 15 Ino.Apr. ,7h$
American Steel H oop C o .—Organization . - Incorporated in N.
First dividend on A. T. & T. stooh since absorption of Amer. Bell
J. on April 14,1899. For list of plants absorbed, see V. 68, p. 870; V. Teleph. Co, 2 %p. o., paid July 16, 1900. See V. 70, p. 1250.
69, p.852. Stooh, common, $19,000,000; pref., as to assets and div.
B onds .—The collateral trust mortgage of 1899 provides for the im
7 p. o. cum., $14,000,000; all issued; par of each, $100. As to rights
of stooh, see V. 68, p. 870. No bonds. Dividends on preferred July, mediate needs of the company and for future extensions as required,
1899, to July, 1900,1% p. c. quarterly (Q.-J.). Annual tonnage, 700,- and * ecures equally the collateral trust bonds and the $10,000,000
000 tons of finished product and 200,000 tons of pig iron.—V. 70, p.77. Amer. Bell debentures. The first issue of $7,625 000 coll, trust bonds
R epo rt for year ending April 30,1900, with balance sheet, was in V. (together with the Amer. Bell debentures) are secured by pledge of the
70, p. 1093, showing: Net profits, $5.026,896; div. on pref. stock (7 securities mentioned in V. 70, p. 40. On deposit of additional collateral
p. oT), $980,000; balance, surplus, $4,046,896, from which charged off further bonds may be issued, but to an amount not exceeding 75 per
cent of the estimated value of the collateral; and the issue at any tim e
for depreciation, $1,000,000.
the amount of the company’s capital
Of f ic e r s .—President, C. S. Guthrie; Vice-President, Very! Pres outstanding must not exceed 1195,1249; V. 70, p. 40. In Jan-. 1900,
69, p.
ton: Treasurer, F. S. Wheeler; Secretary, F. L. Clarh. Office, Bat stock then paid up. V. of the bonds, gave an option of $5,000,000
the Co. sold $5.000,000
tery Parh Building, New Yorh.—V. 70, p. 1093,1096, 1293.
more ($1,000 000 of which had been taken in July, 1900),and sold $2,American Steel & W ire Co.—Incorporated in New Jersey Jan. 000,000 of nine months’notes.—V. 70, p. 741; V. 71, p. 86.
13,1899, and acquired American Steel & Wire Co. (V. 66, p. 615; V.
R epo r t .—Balance sheet Amer. T. & T. Co.
V. 70, p.
67, p. 632), Washburn & Moen Co., Cleveland Rolling M ill, and other 942. Report of Amer. Bell Tel. Co. for 1900 in Jan. 1,1900. showed;
V. 70, p. 631,
properties named in statement, V. 69, p. 543, 646, 744; V. 70, p. 383.
Year ending Dec. 31.
1899.
1898.
1897. ^ __ 1896.
S t o c k . - See V. 68, p. 377; V. 70, p. 281, 383. Bonds $101,656.
Total gross earnings...... $5,760,104 $5,448,701 $5,130,844 $5,547,429
D iv id e n d s .—On the pref., April, 1899, to July, 1900, both inclusive, Sur. over interest, oh’ges. 4,072,94 9 4,393,967 4,169,674 3,383,581
7 p. c. per annum (1% p. c. quarterly). Dividend declared on common, Paid dividends_______ 3,882,945 3,882,945 3^682,948 3,361,233
7 per cent out of earnings of year lt>99, payable 13* p. c. quarterly be
President, John E. Hudson, N.Y. City.—V. 70, p. 1250; V. 71, p. 86.
ginning Apr. 2,1900.— 70, p. 232, 383.
V.
American Thread. Co.—Incorporated in N. J. March 10,1898.
R e p o r t .—Results for 1899, with balance sheet of Dec. 31, 1899, (V. 67, p. 1158.) Stooh, $6,000,000
($3 per $5 share paid
were in V. 70, p. 228, (see also p. 383), showing: Profits, including in, understood to ,be entirely owned common English Sewing Cotton
dividends and miscellaneous income, after allowing for depreciation Co.); $6,000,000 five per cent cum.by the (gold or £); issued $4,pref.
and bad debts, $12,162,530; dividends, 7 p. o. each on preferred and 890.475, par of shares, $5. Dividend on pref. July, 1899, to July,
common stooh, $6,300,000; bal., sur., $5,862,530. V. 70, p. 1046.
1900, inclusive, 5 p. c. (per annum (2 ^ p. c. semi-an). First div. on
Of f ic e r s .—A. Clifford, Chairman; Wm. P. Palmer, President; F. L- common, 30 ots. per share (or 10 per cent on amount paid in) paid out
Watson, Treasurer; T. P. Alder, Assistant Treasurer, New Yorh; 0. S- of earnings of 1899-0. V. 70, p. 1046. Bonds, see application to list in
Roberts, Secretary; O. Owen, F. E. Patterson, Assistant Secretary, full, V. 70, p. 179. Underlying bonds, £519,937. Kerr Thread 5s, due
New Yorh.— 68, p. 128. General office, “ The Rookery,” Chicago, July 1, 1902, at 105 p. o.
V,
111. N. Y. office, 71 Broadway.—V. 70, p. 843, 896,947, 1046.
R eport.—
Report for year ending Mar. 31,1900, with balance sheet,
Am . Straw B oard.—Stooh, $6,000,000; par, $100. See page 169. in V. 70, p. 1017, showed: Total profit, $1,534,810. total deductions,
including $300,000 for depreciation accountsj$764,675; cUys. (10 p. o.
American Sugar Refining.—A N. J. corporation, successor in on com and 5 p. o. on prel.), $605,140; expense of establishing com
Jan., 1891, of the Sugar Refineries Co.organized in 1887; plan, V. pany, *99,186; add profit and loss to Mar. 31,1900, $94,441; balance
51, p. 609. Capital stooh, originally $50,000,000, was increased carried forward, $160,250. Pres., Lyman R.Hophins; Sec. and Treas.,
in Jan., 1892, to $75,000,000 (half pref.) to acquire the oapital Theo.M. Ives. Office, 260 W. Broadway, New York.—V. 70, p. 1051.
stooh of the four Philadelphia refineries and a controlling interest in
American T in Plate.—O r g a n iz a tio n , E tc .—Incorporated on
the Baltimore refinery. Spreohels’s refinery in California is under a
lease till ...... 1901, to the “ Western Sugar Refining Co..” of which Dec. 15,1898, under the laws of New Jersey as a consolidation of
about 95 per cent of the tin-plate mills of the United States, having a
the “ trust” owns one-half the stooh. Beet-sugar interest acquired
in April, 1897, see V. 64, p. 841; coffee plants, V. 63, p. 1157; Y . 64 yearly capacity of nearly 10,000,000100-pound boxes of tin. For list of
p. 40; V.70, p. 688,1051.) As to beet sugar refineries in U. S., V. 66, p mills acquired, mostly in Pennsylvania, Ohio and Indiana, see V. 67,
132; V. 68, p. 280; V. 69, p. 1249. In Aug., 1899, the sugar war was p. 1261; V. 68, p. 329; V. 69. p. 1347; V. 70, p. 843. Dividends on.
renewed, and in April, 1900, the quarterly dividend on the oomrnon pref., April, 1899, to July, 1900,1% p. c. quarterly <Q.-J.).
Balance sheet Gee. 31, 1899, V. 70, p. 125. Mortgages, $270,000.
stock waslreduced from 3 to l 1 p. c. In June, 1900, three of the in
«
dependent; refinery concerns were consolidated under the name of the Profits for 1899, $3,575,487; divs. (7p. o.) on pref stock, $1,282,750;
bal. for common stock (about8 p. o.), $2,292,737. V. 70, p. 177. Presi
National Sugar Refining Co. (see V. 70, p. 1096; V. 71, p. 31); and in
July all the refining companies participated in a large advance in the dent, D. G. Reid; See., E. G. Applegate; Treas., F. S. Wheeler. Main
price of refined sugars. See V. 70, p. 482, 634, 998,1051; V. 71,p.l36. office, 21-24 State S t, N. Y.—V. 70, p. la 5,177, 688, 843.
In November, 1899, officially stated to supply about 70 per cent
American Tobacco Company.—Organized in 1890 under laws >
of the output of refined sugar in the U. 8., as against 90 p. c. formerly of New Jersey to manufacture and sell tobacco.—See V. 64, p. 515. in
—V. 64, pT 328; V. 71, p. §1; V. 67, p. 632; V. 69, p. 1104.
Deo., 1898, sold its plug tobacco interests to the new Continental To
D iv id e n d s .—P. c t.) 1891.1892.1893. 1894 to Jan., 1900. 1900.
bacco Co., receiving therefor $30,274,200 pref. and com. stock of the
Common...........> 4
101 211 12 yearly (3 Q.-J.) below.
«
a
latter. V. 68, p. 820. See below. (V. 68, p. 128, 1138.) In Feb.,1899,
Preferred. ___) 7 p. o. yearly to date; part Q.— part J&J.
J.,
acquired Union Tobacco Co.—V. 69, p. 128; V.70, p. 533, 896.
Together with the Continental Tobacco Co. controls the American
In April, 1900, l*a p. c.; July, 1% p. o.
Snuu Co.—see statement below—of whose capital stock the American R e p o r t .—No reoentreport. Annual meeting in 1900, see V. 70, p. 78
Co. was reported to own about $8,500,000. V. 70, p. 533.
B ala n c e Sh e e t —
Dec. 31, ’99.
Dec. 31,98.
Dec. 31, ’97
Sto c k .—
May, 1893, Sitp. In 1899
Real estate and machinery. $36,412,652 $37,285,545 $37,691,871 authorizedSee pref. certificate in editorial ofmaking total $56,000,000,
$35,000,000 new common stock,
25,882,504
27,563,965
Cash and debts receivable. 15,306.596
of which $21,000,000 w»s paid May 11,1899, as a 100-per-cent stock
30,347,657
31,058,142
Investm’ts in other comp’s. 30,423,680
22,489,384 dividend, $12,500,000 was issued to acquire Union Tobacco Co. and
22,243,224
Sugar, raw and refined...... 20,340,609
$1,500,000 balance is issuable for other purposes. V. 68, p. 426, 471_
Total assets..................$102,483,537 $118,150,877 $116,111,416 1 617, 669, 925; V. 69, p. 25. Preferred authorized, $14,000,000.
16 6
INVESTORS* SUPPLEMENT.
MISCELLANEOUS.
Date Size, or
Par
For explanation of column headings, Ac., see notes on of
first page of tables.
Bonds Value.
B a rn ey d Smith Oar—1st M., g., call at 110 after 1902.
k
B a y State Gas—Boston Un. Gas lstM .,8.f.,oallatl05,g.c’
do
do
2d M., gold ($4,000,000)...............
B oston T erm inal Co.—See Railroads.
B rook lyn F erry—Consol, mortgage, $7,500,000.K ...... o'
B rook lyn Union Gas—Stock, $15,000,000................... .
„1st eon., $15,000,000, g.(for underlying bonds see text)
B rook lyn W harf < Warehouse Oo.—1st M., gold.Us..O*<fer
&
B uffalo Gas Oo.—1st M .,$5,900,000,red. at 115,N.g....c*
Oam bria Steel—Stock ($9 per snare paid)........................
Cam bria Iron —Stock (4 p. c. guaranteed).....................
Bonds, g., red. July 1, ’02, p.& i. gu. V. 64, p. 753,951.0*
C elluloid Oo.—stock, $6,000,000 authorized...................
Central d South Am erican Telegraph —Stock $8,000,000..
k
Chicago Junction Railways A Union Slock Yards —Stock..
Preferred, 6 per cent cumulative, pref. also as to assets.
Collateral trust, gold, $ or £ .................................... .c*
Mort. and coll, trust ref. gold bonds, $14,000,000..c*<fcr
Olaflin (EL. B .) Com pany —Common stock..........................
1st pref. 5 per cent,gold, cum .... <pref. as to princi-)
2d pref. 6 per cent, cumulative.... ( pal and dividends. >
Colorado Fuel d Iron —Col. Coal & Iron 1st M., g., ext..c*
k
Colorado Fuel Co’s gen. mort., gold, s. f. red. at 110..o*
CoLFuel & Ir. gen. M. ($6,000,000) g.,s.fd.,red. 105.o*&r
Gr. River Coal & Coke 1st M., g. ($125,000 are guar.)e*
Col. Coal Sc Iron Devel., 1st M., g., gu., red. at 105.o*<fcr
Col d B ock. Goal d Iron —1st M. g. (old 6s int. reduced) i\c *
k
1892
1889
1898
1895
1895
1897
1897
1890
1900
1880
1889
1893
1889
1889
1887
Amount
IV ol, LXXI.
Bond»—
Princi
INTEREST OR DIVIDENDS.
pal,When Due.
Rate per When Where payable, and by Stocks—Last
Cent. Payable
whom.
Dividend.
$1,000,000
6 g. J. & J.
July 1, 1942
9.000.
000 5 g. J. & J. N.Y., Merci. Tr.&Lond. Jan. 1, 1939
3.000.
000 5 g- J. & J.
do
do
Jan. 1, 1939
1,000
6.500.000
F. Sc A. N.Y., H.B. Hollins & Co. Aug. 1, 1948
100 15.000. 000 18§*9 J. & D. By check from Co.’s off. June 1,’00,3%
6 in
1,000 14.407.000
5 g. M. & N. N. Y., Chase Nat Bank. May 1 , 1945
1,000 17.500.000
5 g. F. Sc A.
See text.
Feb 1, 1945
1,000
5.805.000
5 g- A. & O. NY,Emerson,MoM.&Co Oct. 1 . 1947
50
16.000. 0 0 0
Q —F.
Ag.15,’00,50o.
50
8.468.000 4 in 1899 A. & O.
Philadelphia.
Apr. 2 , ’0 0 , 2 %
1,000 abt. 260,000
J. Sc J.
do
do
July 1 , 1917
6
100
5.925.000 6 in 1899 Q.—J. N. Y. Of., 30 Wash. PI.
100
7.725.600 6 in 1899 Q.—J. N. Y„ Office, 37 Wall St.
100
6.500.000 8 in 1899 Q.—J. N. Y., Office, 40 Wail St.
100
6.500.000 6 in 1899 Q.-— N. Y ., Office, 40 W all St.
J.
1,000 10,000,000
5 g. J. & J. N.Y., Cent. Tr.; London. July 1, 1915
l.OOO&o 4.000.000
4 g. A. & O.
New York.
Apr. 1, 1940
100
3,829,100 7 in 1899 Q.—
J. N.Y.,Office— Church St ru ly l4 .’00,2%
100
2,600,300 5 in 1899 Q.—F.
do
do
Aug. 1,’0 0 ,1*4
100
2.570.600 6 in 1899 Q.—F.
do
do
Aug l . ’OO, li#
1,000
2.766.000
6 g- F. Sc A. N.Y.,Knickerbocker Tr. Feb. 1, 1902
1,000
880,000
M. Sc N. N. Y., Atlantio Trust Co. May 1, 1919
6 g.
1,000
2.303.000
5 g. F. & A N.Y., Chase Natl. Bank Feb. 1, 1943
1,000
949.000
6 g. A. Sc O. N. Y. .Knickerbocker Tr. July 1, 1919
1,000
700.000
New York.
5 g. J. Sc J.
Apr. 1, 1909
1,000
895.000
5 g. J. Sc J. N. Y ., Central Trust Oo.l Jan. 1, 1917
5 0 0 &o.
1,000
i
8CriP issued in 1896 as scrip dividend and extended in V. 70, p. 282. Pres., Gurdon B. Horton: Treas., Warren B. Nash;
1899 is now redeemable only in cash. V. 70, p. 1096. The scrip bears Sec., Sam’l Taylor, Jr., 6 6 Broad St., N.Y.—V. 70, p. 533,948,1197.
interest at 6 p. c., payable “only out of the net earnings of the company
B u ffa lo Gas.—See page 170. B ru n s w ic k Co.—See page 170.
le ft after the annual payment of 8 p. o. dividend on the pref. stock.’’
Calumet Sc H e c la M in in s — Stock, $2,500,000; par $25. Divi
D ividen d s .— ’91 to ’95.
1896.
’97. ’98. *99.
1900.
8
*7 Inc. Aug.,4^ dends 1895-96,100 p. e.; 1896-97, 120 p. o.; in 1897-987 160 p. o.; in
Common.......... 12% yrly. 6 & 20% scrip. 9
1898-99, 280 per cent; 1899 ’00, 320 per oent. Report for year ending
Preferred..8% yearly <2% quar.) to Aug.,’00, inclusive. (V. 69, p. 25
April 30,1900, in V. 71, p. 133.
*
*Also 100 p. o. in common stock paid on common May 11,1899.
C a m b ria Steel—C e n tra l F o u n d ry .—See p. 170.
L ate st E arn in gs .—For quarter ending Mar. 31,1900, earnings were
C e llu lo id C o m p an y— Organization .—Incorporated Nov. 25»
$1,542,849, against $900,825 in 1899.
1890, in N. J. Stock, $6,000,000; issued $5,925,000; par, $100.
A nnual R e p o e t for year ending Dec. 31,1899, was in V. 70, p. 942
D ividends .— > 1892.
1893. 1894 to 1897. 1898. 1899.
1900.
12 Mos. Net Earns. Din. on P ref. B iv.o n O o m . Int.on scrip. Surplus
5*3
4 yearly.
5 6 Inol. July,3
Per cent...... 5 6
1899..
$5,202,384 $1,120,000 (6ifl) $2,872,500 $192,143 1,017,741 Factories at Newark, N. J.: office, 30 to 36 Washington Place, N. Y.
1898.. 4,957,804 1,007,020 (8%) 1,612,300 214,800 2,123,684 President M. C. Lefferts; Vice President, J. A. Bartow; Treasurer, F.
O f f ic e r s .—Pres., James B. Duke; Seo.,R. L. Patterson; Treas., H. R.Lefferts; Secretary, J. R. Halsey.—V. 69, p. 1195.
D. Lee. N. Y. office, 111 Fifth Avenue.—V. 70, p. 942,1051,1096.
C ent. Sc So. A m . T e le g — C ent. U n . * e le p h — See p. 170.
A m . Type Founders.—A m . W altliam W a tch .—See p. 169.
Chesapeake Sc Bel. Canal— See S u p ., Jan., 1898; V. 69, p. 26.
American W in d o w Glass.—See page 169.
Chesapeake Sc Ohio Canal—Su p . 1890; V. 69, p. 1195,1303.
American W oolen Co— Organization .—Incorporated Mar. 29,
Chicago Edison— V.69, p. 2 2 7 ,1347; V. 70. p. 40, 839.
1899, under laws of New Jersey as a consolidation of the Washington
Chicago J u n c tio n R ailw ays Sc
Stock Yards— O r
M ills, Lawrence, Mass.; National Providence Mills, Providence, R I., ganization .—This company, incorporatedUnion under the laws of New
in 1890
etc., see V. 68, p. 472; see also p. 617, and V. 69, p. 77.
Jersey, has purchased 98 per cent of the stook of Union Stock Yards
Stock.—Authorized by charter, common, $40,000,000; preferred 7 & Transit Company of Chicago. The property thus controlled consists
per cent cum., $25,000,000. Authorized by stockholders to acquire of over 450 acres of land (with one mile of water front) containing in
and finance properties above named and additional plants, $20,000,- December, 1896, warehouses, sheds and pens to accommodate 75,000
O O preferred and $30,000,000 common. Outstanding preferred, as in cattle, 300,000 hogs, eto. See Chicago J unction Ry., in “Railroads.”
O
table; common, $29,501,100. Dividends on preferred, July, 1899, to
iv id e n d s .— On pref., 6 p. 0 . yearly. On oommon 1891, 10; 1892,
July, 1900, both inclusive, 7 p. o. per annum (Q.-J. 15). Only liens toDJuly, 190ft, inoly 8 p. c. yearly. Beginning April, 1900, dividends
are stated to be $405,000 bonds of National-Providence & Chase Mills, w ill be quarterly (Q-J).—V. 70, p. 328.
to be retired at maturity or earlier, if holders w ill accept payment.
B onds .—The collateral trust bonds are secured by deposit with the
E arn in gs .—Statement of May 1,1900, in V. 70, p. 1247, showed*
Net profits April, 1899, to April 30.1900, $3,787,006; dividends at 7 Central Trust Company, trustee, of over 90 per cent of the stock
the
Yard Transit Company.
per cent per annum, $1,458,333; renewals, repairs, etc., $500,000; net ofOf theUnion Stook collateral trust and refunding 4 per oent bends
$14,000,000
surplus, $1,828,672. V. 70, p. 282. President. Frederick Ayer; Tieas.. (Standard Trust Co., N. Y., trustee), $;0,000,000 are reserved to take
W. M. Wood. Office, Ames Building, Boston, Mass.— 70, p. 1247.
V.
up the collateral trust 5s, due July 1, 1915, the remaining $4,000,000
American W ritin g P a p e r Co.—O r g a n iz a tio n .—Incorporated being issued to retire the $2,465,000 income 5s and $400,000 5 per
In New Jersey on June 25, 1899, as a consolidation of fine writing cent note« and for additions and improvements. As to lien of bonds
paper mills, producing, it was stated, over 84 per cent of the output of see V. 70, p. 1251; V. 70, p. 533, 897.
New England States and over 76 per cent of that of the U. S. V 69
A nnual R eport.—Fiscal year changed in 1897 to end Deo. 31; an
p. 25,128. See prospectus, V. 69, p. 128, 227. Balance sheet as of nual meeting second Thursday in Feb. Report in V. 70. p. 278. 3 7 9
ln„V- ?P* P* 684* Common stock, $12,500,000; issued, Receipts for first half of 1900, V. 71, p. 8 6 .
$11,500,000; preferred sioek and bonds as in table. In May, 1900,
■
1899.
1898.
1897.
purchased $200,000 bonds in open market in anticipation of the re Dividends of U. S. Y. Co., &o......... $1 ,7 6 8 ,4 8 5 $1,699,382 $1,705,796
quirements of the sinking fund.—V. 70, p. 998.
Balance previous year..................
28,382
*~ ----- - ----43,379
26,987
66,768
64,756
[Officers .—President, Elisha Morgan; Treas’r, George
56,378
Secretary, R. F. McElwain. Springfield, Mass.—V. 70, p. B. Holbrook! General expenses, rents, &o........... 646,050
Interest on bonds...........................
684, 998.
649,625
633,025
Dividends........................................ 910,000
910,000
910,000
Asphalt Co. o f America.—See page 169.
Depreciation...................................
90,000
90,000
90,000
Bay State Gas Co.—Stock, $100,000,000; par, $50. See p. 169.
$28,381
$43,380
■B arn ey & Smith Car— Incorporated in 1892 in West Virginia, Balance, surplus............................. $84,049
------------ Year end. Dec. 31--------------------- s
in £L°^™ tandin£i £ommon, $i ,000,000; pref., 8 per cent, cumulative, Union Stock Yards ,---------:
<6 Transit Oo.—
1899.
1898.
1897.
1896.
$2,500.000; par, $100. Bonds, $1,000,000,1st 50-year gold 6s. Divi
Gross earnings...... $3,977,139 $3,731,542 $3,321,423 $3,313,578
dends on com., in ’93, 5 p. c.; on pref. 8 p. c. till Mar., ’95; dividends
1,932,231 1,984,267
resumed Deo. 1,189 .when 2 p.c. was paid; 1900, Mar.. 2; June 2 n o Net earnings.......... *2,042,743 *2,023,386
Report for year ending Mar. 31,1900, with bal. sheet, was iu V 71 ‘ u
♦Includes Chio. Juno. Ry. in 1898 and 1899.
PFofl*» $363,163; balance per last statement, $21.D ire cto rs .—Chauncey
Scott Fitz,
619; bad debts written off, $6,299; bond interest, $60,000; div on National Thayer, Boston;M. Depew (Chairman), W.N. J.; F. H. Bostons
W. J. Sewell, Camden,
Prince,
pref. stock, $100,000; bal., sur., $175,275.—V. 71, p. 82.
Boston; Albert H. Veeder and P. A. Valentine, of Chicago; Wm. D.
B eth. Steel.—See p. 169. Boston E l. Ut— V. 69, p. 281, 335.
Guthrie and William C. Lane, of New York; George Peabody Gardner
Boston. N. Y. office. 40 Wall.—(V. 70, p. 1257; V. 71, p. 8 6 .)
B oston Term . Co.—SeeRRs. B rooklyn Ferry.—Seep. 169.
Claflln (H . B.) Co— See page 170.
, iJ?rooc ly i? 11R1®*1 « a s — Incorporated in New York State Sent. 8
,
k
1895. See plan V. 61, p. 831, and V. 62, p. 1141. Acquired Equity Gas,
Colorado Fuel Sc Iron .—(See M ap) - A Colorado corporation
Jamaica G. L. and Woodhaven G. L. companies in 1897.
’ formed in Oct„ 1892, by consolidation [V. 55, p. 373,639,1 of Colorado
Ooniroci.—Under five-year contract with city in 1897, oity receives* Fuel and Colorado Coal Sc Iron companies. See V. 62, p. 461.
gas at $1 per 1,000 cubic feet for first year,and reduction of 2*« cents
St o c k .—Preferred is $2,000,000 8 per cent cumulative (par $100).
Pe^'OOOeach year, paying 90 cents the last year. Private consumers On Sept. 25, 1899, the stockholders voted to increase the oommon
begin at $1 20, with reduction of 5 cents yearly, to $ 1 .;_v, 64, p. 887. stock from $11,000,000 to $23,000,000, for important additions and
improvements, to be issued from time to time as required. Of the in
D ividends .—1896 to June, 1900, 6 p. o. yearly,paid semi an. (J-D).
creased stook, $6,000,000 had been issued to June, 1900.—V. 69. p.
B onds.—Mortgage of 1895 is for $15,000,000 of bonds, subject to :
494, 540, 6 7 ; see also circular in fqll, p. 652, 653, 794.
r u ^ on(?8
A
,
,
Interest.
Outstanding.
M aturity.
B onds .—See application for listing bonds V. 62, p. 461. Col. Coal &
Citizens’ Gas,con. (now 1st M.) .5% F. Sc A.
$376,000
Feb“ 1 1§40
Union Gas L. con.(now 1sc M .).5% J. Sc J.
217,000
Jan 1 1 9 2 0 Iron 6 s were extended two years from Feb. 1,1900.—V. 70 p. 40, 232.
D iv id e n d s .—
1893. 1894. 1895. 1896. ’97. ’98 ’99. 1900.
Pres., James Jourdan; Treas., E. R. Chapman. (V. 70. p. 482, ¿71.)
Oommon............ 1*4 % 0
0
0
0 0 0
0
B ro o k ly n W h a r f & W are h o u se— Incorporated Jan. 2 1 .1 8 9 5
P referred......... 8 (4 so.) 4 sc. 0
8
4
0
0 See below
^
fr«nt,^ e in Brooklyn 11,532 f ^ t and leases 2,837 feet.'
Overdue on preferred in Apr., 1900, 20 p. 0 ., $400,000. On Feb. 15*
V. 60, p. 927. Robinson Stores. V. 63, p. 115,701.
R e c e iv e r . - On^Feb. 5,1900, the U. S. Mort. & Trust Co. of New and April 2,1900, 8 p. c. eaoh was paid on preferred.—V. 70, p. 127.
York was appointed receiver. V. 70, p. 282, 918.
L ate st E a r n in g s —For 8 mos. ending Feb. 28 in 1899-0, net, $1,506,432, against $641,828 in 1898-9. Report for 1898-9 in V. 69, p. 540,
R e o r g a n iza tio n Co m m ittee —Frederick P. Olcott, Chairman* Tas
-Gross-N etN. Wallace, Secretary; U. 8. Mort. & Trust Co., depositary. TheFeb
Y ear end'g J une 30.
1899.
1898.
1899.
1898.
1900, interest was advanced to depositing bondholders V 7ft ri’ Fuel department........... $4,627,909 $3,931,865
$K88,020 $832,761
232, 432. OnJune 1,1900. $17,340.000 of th e $ l 7^00 000 bcmdshad Iron departm ent.......... 3,237,109 1,289,886
204,990 drl0,308
been deposited. V. 70, p. 533. In June, 1900, no plan issued.
^ “ Retail dept., eto............
336,374
267,364
56,624
24,990
. 8£2c
J5.-;r£?.Pital ®iook
$1<>0); common, $5,000,000; prfd.. series
A, $2’5°0.000; prfd., series B, $5,000,000. Preferred stocks “A” mid
Total........................ $8,201,392 $5,489,115 $1,249,634 *847,444
“ B ” are 6 p. o. cumulative, but carry no right to vote.
Bal.to ino. acot. aft. deduot’g gen. expenses__ $1,094,675 $711,543
D ividends .—Pref. “A” in 1 8 9 6 ,6 p. o.; ’97, 6; ’98, 6; 1899, Mar., 0.
Interest on bonds, $406,013; taxes, exchange, etc., $82,244; sinkng fund, $328,868; balance, surplus for year 1898-99, $277,520.
.
Report.—Report for year ending Jan. 31,1899, was given
In V. 68, p. 522; gross, $2,163,397; net, $1,379,994; interest «8 7 ^
Of f ic e r s .—J. C. Osgood, President; John L. Jerome, Treas. Office,
000; taxes and rent, $535,942: balance, def., $68,727. Net earn Denver, Col. New York office, 71 Broadway.—V. 70, p. 635,794,1051.
ings for year ending Jan. 31,1900, were stated not to exceed $600 000
Columbus Sc H ocking Coal Sc Iron Co.—See page 170.
197
B O N D S.
AND
STOCKS
M ISC E LL A N E O U S
IN D E X TO MAP—S h o w in g L o cation o f P e o p e k t ie s .
The respective properties are indicated by a star and number, the
latter corresponding to the number in this index.
0. General Offices.
1. Steam-coal lands.
2. Dry-domestic-coal lands.
3. Elk Head Mountains, anthracite lands.
4. Domestic-coal lands.
5. Lignite lands.
6. Semi caking-steam-and domestic-coal 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 mines.
12. Coking-coalmines.
13. Coke ovens.
14. Coking-coal mines.
15. Iron lands.
16. Anthracite mine.
17. Anthracite mine.
18. Coking ooal-mine. Coke ovens.
19. Iron lands.
20. Iron mine.
21. Iron mine.
22. Iron lands.
23. Don estic-coal mines.
24. Steel works.
25. Limestone quarries.
26. Domestic-coal mine.
27. Domestic-coal mine.
28. Domestic-coalmine.
29. Domestic-and steam-coal mine.
30. Domestic-and steam-coal mine.
31. Iron lands.
32. Domestic-coal lands.
33. Coking-coal mine.
34. Coking-coal lands.
35. Coke ovens.
36. Coking coal mine.
37. Coke ovens.
38. Coking-coal mine.
39. Iron lands.
L O C A T IO N O F P R O P E R T IE S O F
T H E C O L O R A D O F U E L & IR O N CO.
w
M
£¿cif/c
N
July, 1900.]
E
B R A S
K
PHILLIPS
Y U MA
.
COAL 7,000 FEET DEEP'
m o n te ;
The Colorado Fuel & Iron Co.
Show fey the Shaded Section
n
WITH REFERENCE TO
THE COAL FIELDS OF COLORADO.
138
INVESTORS’
SUPPLEMENT
_______________MISCELLANEOUS._______________ Date Size, or
Par
of
Bonds Value.
first page of tables.
$100
Commercial Cable—Stock ($15,000,000).............................
First mortgage, gold....................... o&r > S2o 000 000 \ 1897 100 Ac.
£1 &c.
Do deben. stock £ (same lien as bonds. > ^ ’
’
• 1897
100
Consol. Oas o f B altim ore Oity—Stock................................
’ st M. bonds......... ....................................................... c 1880 500 &c.
1,000
Consol. 1st M.,gold, $7,000,000. N IeB a...................c* 1888
100
Consolidated Oas (N. T.)—Stock—$80,000,000.................
Metropolitan Oas Light Co. 1st mortgage................. o* 1881 500 &c.
1,000
1888
Debentures......................................... .........................
Deben. for New'Äms. Gas (V. 70, p. 1050), redeemable 1900
For explanation of column headings, &c., see notice on
[V ol. LXXI.
Bonds—Princi
INTEREST OR DIVIDENDS.
Amount Pate Per When Where Payable, and by pal,^When Due.
Slocks —Last
Outstanding Cent. Payable
whom.
Dividerà.
$1,333,300 8 in 1899 Q .-J . N. Y., 253 Broadway. July 2, ’00,1%
10.063.000
Q .— J . N.Y., F.L.& T.Co. & Off Jan. 1, 2397
i g- Q.—J. Off., London, England. Jan. 1, 2397
7.937.000
4 g.
July 7, ’00, 2%
Baltimore.
10,770,968 See text. J. & D.
July l, 1910
3.600.000
6
J. & J. First Nat. Bk., Balt,
July 1, 1939
do
do
3.182.000
5 g- J. & J.
See text. 51 in ’99 G.-M.15 N. Y ., Office, 4 Irving PI. J’n el5,’00,1%
«
624,500
6
F. & A. N. Y., Farm. L. & Tr. Co. Aug. 1, 1901
M. & N. N. Y., Office, 4 Irving PI. May 1, 1908
1.477.000
5
June 1, 1910
6
J. & D.
(t)
5
B onds o p Com pa n ies Co n tr o ll e d .
1,000 11.500.000
4 g- J. & D. N. Y , Morton Trust Co. Dec. J, 1948
1898
N.Y.Gas &E1.L.H &P.Co.,lstM.,$15,000,000,g.OTo c*<fer
1,000 20.191.000
F. & A. N. Y., Central Trust Co Feb. 1, 1949
5
Pur. mon.M., $21,000,000, g., sec.by Ed.etk., etc.Ce.c* 1899
1,000
M. & S. N. Y., Cent. Trust Co. Sept. 1, 1940
988.000
4
M t. Morris Elec. Lt., 1st M., g., red. at 105 Oct. 1,1900 1890
150.000
N. Y. Light Heat & Power, 1st mortgage.................—
M. & S. N. Y., Guaranty Tr. Co. Mch. 1, 1910
4.312.000
Ed.El. H1..N.Y., 1st M. g., red. at 110 aft. Sep.l, 1900.o' 1890 1,000
1,000
J. & J. N. Y., Morton Trust Co. July 1, 1995
2.188.000
First consol, mortgage, $15,000,000, gold.............. c* 1895
1,000
3.500.000
M. & S. N. Y., t entrai Trust Co. Mch. 1, 1932
N. Amsterdam Gas, Equit. Gas L. consol, (now 1st) M..
1901-1906
do
do
100
. 500,000
M. & N.
Debentures (called May 1,1901)................................. 1896
3.500.000
1,000
J. & J. N.Y. Guaranty Trust Co, Jan. 1, 1944
New York & East River Gas 1st mortgage, gold........c* 1894
1.500.000
1,000
J. & J. N. Y., Kniok’b’r Tr. Co Jan. 1, 1945
1st consolidated mortgage ($5,000,000), gold.........c* 1895
Jan. 1, 1948
New York Office.
J. & J.
New Ams’dam 1st cons. M?, gold, $20,000,000.. Ce.c*&r 1898 l,000&c 9.635.000
3.250.000
1,000
5 g. J. & J. N.Y..H.B. Hollins & Co. July 1, 1927
Central Union Gas, guar. p. & i., N. Y. & E. R ..,.C e.c* 1897
1.250.000
1,000
5 g‘ M. & N, N. Y.,H . B.Hollias & Co Nov. 1, 1927
No. Union Gas, 1st M., $1,500,000, g., not g u a r.K ...o ' 1897
1,000
1.362.000
5 g- M. & N, N. Y., Merc. Trust Co. May, 1930
Standard Gas Light, 1st mortgage $1,500,000, gold...c 1890
Commercial Cable Co,—Owns three cables from Nova Scotia ments of the Edison plant and property. The 4s are subject
to Ireland; one from Ireland to Havre, France; one from Ireland to to call at par at any time prior to Feb. 1, 1902. In Dec., 1899, about
Bristol, England; one Nova Scotia to New York and one to Rockport, $8,900,000 Edison stock had been acquired. See V. 68, p. 129.
E arnings .—In Mar. 1900, the net earnings were “on a basis of 4 per
Mass. Ac. Jan. 1,1897, Postal Telegraph Cable Co. was purchased and
its stock of $15,000,000 mostly exchanged, $ for $, for 4 p. o. bonds. The cent upon the capital stock.”
first mortgage covers all the property and leases and also the stocks
( 3 ) N E W Y O R K M U T U A L G A S L IG H T CO .
owned of the various companies controlled - see V. 64, p. 951. Postal
Incorporated in New York Apr. 17, 1866, under special
Co. Deo. 31,1899, had 156,543 miles of wire (landlines), 2,908 offices. Stock, $3,500,000. of which over a majority, it is understood, charter.
is held
Stock.—I nDeo., 1899, stock was increased from $10,000,000 to $15, in the interest of the Consolidated Gas Co. Par of shares, $100.
000,000 and $3,333,300 subscribed by stockholders.—V. 69, p. 1195.
D iv id e n d s —
$ 1894 to 1897.
1898.
1899.
1900.
D ividends .—1889. ’90. ’91 to *9 6.1897-’98. ’99.
1900.
Since 1893, p c .
5
9 yearly.
8
7
3
« 6 7 yearly.
8
8 Including July, 6%
Per cent......... I 1
In 1900, Jan. 10,1 p. 0 .; July 11, 2 p. c —V. 68, p. 871.
A nnual R e p o r t .—Fisoal year ends Dec. 31. Report ’99 in V. 70, p. 479.
( 4) S T A N D A R D G A S L IG H T CO .
Tear 8.
Gross.
Net.
Int., etc.
Div’ ds.
Reserve.
Organized in 1886. Owns 160 miles of gas pipes north of 13th St.,
1899......$3.356,204 $2,343,601 $720.000 $800,000 $1,000,000
1898...... 3,031,838
2,028,013
707,808
800,000
592,761 New York. In Jan., 1900, stockholders subscribed to $574,600 new
preferred
par, raising the amount outstanding
Surplus on hand Dec. 31,1898, $404,462; deficit in 1899, $16,399; —V. 69, p.stock at In May, 1900, the majority interest into $4,295,700.
1252.
the stock held
balance Dec. 31,1899, $228,063.
by the Terry-Tilford protective committee was sold to the Consoli
J. W. Mackay, President; Vice-President and General Manager, G. dated Gas Co., which, it is understood, owns a two-thirds interest.—Y.
G. Ward; Office, 253 Broadway, New York.—(V. 70, p. 479, 635,948.) 70, p. 1099.
Commonwealtb Electric.—V. 69, p. 1149; V. 70, p. 635, 8 40.
D iv id e n d s —
1891. ’92. ’93. ’94. ’95. ’96. ’97. ’98. ’99.
Compressed. Air—Consolidated Car Heating—See page’170. Common %................................................
1
4
5 8
5
3%
.4
4
5*2 41 6
a
8
6
Consolidated Gas o f Baltim ore city.—incorporated May 5 Preferred
1888 under the laws of Maryland. Stock . -Authorized $11,000,000.
In 1899, com m on, Jan., 1*2 p. o.; Apr., IL j p. c.; July, 1 p. c.; Oct.*
Price of gas was to be reduoed on June 1,1900, from $1 25 to $1 10 1 p. c. The Jan., 1900, dividends were passed. V. 69, p. 1197, 1252.*
per 1,000 cubic feet. V. 70, p. 431, 635, 794,1097.
No dividends since to July, 1800. Office, 3d Ave. and 49th St., N. Y.—
D iv id e n d s .— >1891. 1892. 1893 to 1896. 1897.1898.1899. 1900. V. 70, p. 40. 86,180, 283, 384, 692, 949, 1099.
Per c e n t...) 3
4la
5 yearly.
4^4 4%
4
Below
( 5 ) U N IT E D E L E C T R IC L IG H T * P O W E R C O . O F N E W Y O R K .
In 1900, June, 2 p. c.; July, 2% p. e. extra.—V. 70, p. 1293.
In Jan., 1900, Consolidated Gas interests were officially stated to bo
E arnings .—For year 1899, gross earnings were $1,672,284; net, in control of the company, which is capitalized as follows:
earnings, $826,066; fixed charges, $387,720; dividends (4 p. o.), $430,Common stock,
cumulative
808; bal.,sur., $7,538. TotalsurplusJan. 1,1900, $301,018. V.70,p.431. first mortgage 5s,$4,000,000; payable in preferred stock, $2.000,000;
$5,000,000,
New York. United States
Report for year ending June £0,1899, was in V. 70, p. 1093.
Illuminating Co. first mortgage 5s, due July 1, 1905, $400.000, Int.
Of f ic e r s .—President, Ferdinand C. Latrobe; Sec., N. T. Meginness; J. &J. at Mercantile Trust Co., N. Y.; Brush Electric Illum inating Co.
Treas., Jos. W. Clarke; office, 19 South St., Baltimore. V. 71, p. 137.
1st M. 5s, $275,000, int. J. & J. at N. Y. office.
Consolidated Gas o f N ew Y o rk .—This company was organized
Consol. Gas o f Pittsburg.—See Pittsburg in St . R y . Su r f .
Nov. 11,1884, as a consolidation. Law regulating price of gas in N.Y.
Oity, see V. 64, p. 1000. Dividends, formerly 6 per cent, were from
Consol. Ice.—See Amer. Ice Co.—V. 69, p. 386.
June, 1893, to 1898, 8 p. o. yearly; in 1899, 5% p. o.; 1900, March, 1
Consol. Lake Super.—Con. R y. E l. L. & E quip.—
See p. 170..
p. c.; June, 1 p. c. Balance sheet March 1,1900, V. 70, p. 738. In
June, 1900, the price of gas was restored to the legal rate.—V.71,p.l37>
Consolidated Rubber Tire Co.—Organization .—Incorporated
St o c k .—In Mar., 1900, stock increased from $3 9,078,000 to $54,595,- in New Jersey in June, 1899. Stock, $5,000,000; pref. 6 p. o. cum.,
200, to acquire the entire $36,000,000 capital stock of the N. Y. Gas & $5,000,000. of which $4,000,000 of each are outstanding. Dividends
Elec. Light, Heat & Power Co. The stockholders voted July 16,1900, on preferred. Sept., 1899, to June, 1900, l*a p 0 . quarterly (Q. M.)to increase the stock to $80,000,000 to oomplete the control of the gas Last div. paid Mar. 1,1900. Checks are mailed. Earnings for 6 mos.
and electric light business of Manhattan, provide for payment of de ending Dec. 31,189si, see V. 70, p. 794. President, Isaac L. Rice; Sec.,
bentures, improvements, etc. Of the $25,404,800 new stock, about Frederick A. Seaman. Office, Trenton, N. J. Emerson McM iliin < Co.
fe
$»,038,000 w ill be used to retire the debentures issuable for New were interested.—Y. 70, p. 794, 844, 948.
Amsterdam stock, $13,648,800 (25 per cent of the outstanding issue),
Consolidation Coal Co.—Incorporated in 1864. Baltimore &
w ill be offered to stockholders at 150 and the remaining $7,718.000 Ohio RR. owns $3,810,000 stock. Coal mined in 1899,1,536,468 tons;,
w ill be available for other purposes. V. 70, p. 1293 (see also pp. 1051, in 1898,1,435,418 tons. Owns $1,500,000 stock of Cumberland d*
1097,1197). Office, 4 Irving Place.
Penn. RR. (which see) and guarantees its $1,000,000 bonds.
O f f ic e r s —President, Harrison E. Gaw try; Sec., O. F. Zollikoffer;
D ividends since 1883: for 1884 and 1885,1; for 1886, %; for 1887
Treas., G. W. Doane. T rustees —Wm. C. Whitney, H . E. Gawtry, lig ; for 1888,
; from 1889 to Feb., 1900, inclusive, 2 p. c. yearly.
Samuel Sloan, John P. Huggins, W illiam Rockefeller, M. Taylor Pyne,
E arnings.—Statement for 1899 in V. 70, p. 278, showed: Gross re
Geo. F. Baker, James Stillman, S. S. Palmer, H. D. Auchincloss, F.
A. 8chermerhorn, A. N. Brady, T. F. Ryan. V. 70, p. 738, 741, 1051, ceipts of mines, RRs., &o., $2,264,322; net receipts, $567,646; total net
income, $665,996; interest, including interest on guar, bonds (see
1097, 1150, 1197,1252,1293.
above), taxes, etc., $195,640; Balance, surplus for dividends, $470,c56;
COMPANIES CONTROLLED.—(1) N E W A M ST E R D A M G A S.
dividends, $205,000. Royalty fund Deo. 31, 1899, $579,612, invested
Incorporated Nov. 1,1897, and consolidated N. Y. & East River and in interest-bearing securities. Pres., C. K. Lord; Sec. and Treas., T. K.
Eq. Gat* Light, per p la n V. 66, p. 133. Owns entire $7,000,000 stock 8tuart, 44 South St., Baltimore, Md.—(V. 69, p. 1195; V. 70, p. 2 7 8 ).
Consol. W ater Co. o f Utica.—See page 170.
of New York Carbide & Acetylene Co.
Continental Cotton Oil.—See Supplement for July, 1899.
S e c u r it ie s .—The securities authorized are: $13,000,000 of com
mon stock, $10,000,000 of 5 p. o. preferred cumulative after Nov.
Continental Tobacco Co.—Incorporated Dec. 9, 1898, under
1,1900, and $20,000,000 of 1st consol. 5 p. c. bonds, of which $9,000,- the laws of New Jersey. Acquired by purchase the entire business
000 reserved against bonds of the old companies assumed by the and assets of the P. J. 8org Co., Middletown, O.; Daniel Scotten Co.,
New Amsterdam and shown in table above. New consol. 5s for $1,365,- Detroit, Mich.; John Finzer & Bros, (incorporated), Louisville, Ky.;
000, preferred stock $1,000,000 and common $835,000 in June. 1900, P. H. Mayo & Bro. (incorporated), Richmond, Va.; J. W right Co., Rich
were in treasury available for future needs. Par of shares $100.
mond, Va.; W right Bros. Tobacco Co., St. Louis, Mo.; Brown Tobacco
In June, 1900, over $8,000,000 preferred and $11,000,000 common Co., St. Louis, Mo.; Drummond Tobacco Co., St. Louis, Mo.; Liggett &
stock had been deposited for conversion into Consolidated Gas 6 per Myers Tobacco Co., St. Louis, Mo.; Buchan an& Lyall, Brooklyn. N. Y.;
cent debentures atthe rate of $50 and $26, respectively, in debentures and purchased the plug chewing tobacco business of Amer. Tobacco
for each $100 preferred and common stock. The debentures are due Co. and $3,000,000 oommon stock of P. Lorillard Co. See V. 69, p. 745.
June 1,1910, but it is agreed, if possible, to retire them on July 1,
In May, 1900, had acquired over two-thirds ot the $2,000,000 Loril
1901, by exchange for Consolidated Gas stock taken at $190 per lard preferred stock at par in exchange for its 7 per cent gold deben
share; if redeemed before Dec. l, 1900, they w ill carry no interest.— tures. Y. 70, p. 331,1051. Jointly with American Tobacco Co. con
V. 70, p. 897, 948,1052,1197,1252.
trols the American Snuff Co.—see statement of latter on subsequent
(2) N E W Y O R K G A S & E L E C T R IC L IG H T , H E A T & R O W E R C O .
page—of whose capital stock it was reported to own about $4,500,000..
Incorporated in Nov., 1898. V. 67, p. 737. In 1898-99 acquired all, V. 70, p. 533.
Stock .—Apr. 21,1899, increased the common and preferred stocks
or practically all, the capital stock of the leading companies control
ling the electric-light and subway business of New York City and from $37,500,000 to $50,000,000 each. Y . 68, p. 670, 771.
Yonkers. In 8ept., 1899, contract was awarded for boilers for power
D ividends .—On pref., Oct. 1899 to July, 1900, at 7 p. c. per annum.
plant located on 1st Ave., between 38th and 39th Streets.—V. 69, p.
L atest E arnings.— ffet earnings for 3 mos. above all charges, $1,704; V. 68, p. 1025; V. 70, p. 283, 482. In Jan., 1900, Consol. Gas Co.
187,287; net earnings stocks other companies, $85,786; total net
purchased the entire $36,000,000 stock.—V. 70, p. 40, 86,330.
earnings, $1,273,073.
B onds .—The first 5s of 1898 (authorized issue $15,000,000) are se
R eport .—Report for year ending Dec. 31,1899, with balance sheet,
cured Dy a first lien on all the company’s property now or hereafter
acquired and by pledge of various securities, for list see V.68,p.773,824. was in V. 70, p. 738, showing: Net earnings, $2,032,756; div. on pref.
(3% p. c.), $1,709,561; bal., sur., for year, $323,195.
In 1899 the company, in order to purohase the $9,200,000 stock of
Officers .—President, James B. Duke; IstVice-Pres.. Chas. E. Halil*
the Edison Elec. 111. Co. of New York, made a mortgage to secure
$21.000,000 purchase money 4 per cent gold bonds, secured by deposit well; 2d Yice-Pres., Frank H. Ray; 3d Vice-Pres., C. C. Dula; Treas , H of that stock in trust, by a second mortgage lien on the Power Co. D. Kingsbury; Sec., W. H , McAlister. N. Y. office, 111 F ifth Ave.—
plant, and by $4,000,000 cash to be invested in extensions or improve V. 69, V. 284,387. 494, 745; V. 70, p. 330,482, 738, 1051.
J u l y , 1900.]
M IS C E L L A N E O U S
STOCKS
AND
B O N D S.
139
Bonds—
Princi
MISCELLANEOUS.
INTEREST OR DIVIDENDS.
Date Size, or
pal,When Due.
Amount
For explanation of column headings, «fee., see notes on of
Par Outstanding Rate Per When Where Payable, and by Stocks—Last
first page of tables.
Bonds Value.
Cent. Payable
Whom.
Dividend.
Consolidation Goal—Stock............................................. .
$100 $10,250,000 2 in 1900 Feb. 1 N. Y ., Guaranty Tr. Co. Feb. 1, *00, 2%
1st M., $750,000, g., sink, fd.,red. each Jan. at 105....O 1896 1,000
600,000
Jan. 1, 1922
do
do
4*2 g. J. & J.
Continental Tobacco—Stock, common, $50,000,000.........
100 48,844,600
Stock, pf. (as to assets and div.) non cum., $50,000,000
100 4834=6,100
Q ,-J . N.Y., Manhattan Trust, July 2, ’00,1%
Gold debentures, $2,000,000 (V. p p. 331) ... ......... 1900
<0,
Text.
1905
D enver U nion Water Go.—1st mortgage, $8,000,000, gold 1894 ido'&'o.
fe
7.000.
000 ¡ I : J. < J. N.Y. Fourth Nat. Bank. July 1, 1914
Detroit City Go»—Prior lien mort., $6,000,000, gold.Co.c* 1898
1,000
J. < J. N. Y., Emerson, McM. Jan. 1, 1923
fe
4.575.000
Detroit Gas, consol. 1st mort, for $4,500,000, gold..c*r 1893 1,000
I f : F. «ft A. N. Y., Guaranty Tr. Co. Feb. 1, 1918
397,000
Diam ond Match.—Stock, $15,000,000, listed in Chicago..
100 14.750.000 10 in ’99 Q.—M. By check fr.Chicago off. June 12’00,21
e
•Distilling Oo. o f Am erica—Common stock, $70,000,000..
100 44,202,665
Preferred stock, 7 per cent, cumulative, $55,000,000..
100 29,283,831
Am. Spirits Mfg., 1st M., g., oall at 105, s.f., 5%. Ma.o* 1895 1,000
fe
1.899.000
New York.
Sept. 1, 1915
6 «• M. « S.
Ky.Dist.<&W,lstM,$5,000,000,g,coll. at 105 aft. 5 yrs .Ce 1900
fe
N’e Apr., ’00
5 g. J. < J.
1920
E d ison E lectric Illum inât'g o f B rooklyn —See K ings C o . E lec . L ig h t < Po w e r .
&
Edison E lectric Illum inating o f New York—See Consolid ATED G a s .
E lectric Storage B attery— (Stock, $5,000,000 p ref.)..........
100 16.875.000
E lectric Vehicle Go.—Common stock, $10,000,000...........
100
9.400.000
N. Y., 100 Broadway, Dec. 29,’99,2%
Preferred stock, 8 per cent, non-cum., $8,000,000........
100
7.400.000 2 in Ap rU ,1900
do
Apr.16,’00,2%
E quitable III. Gas L. Oo. o f Phila.—1st M.g.,red.at 105.N 1898
1,000
7.261.000
5 g. J. & J. N. Y. Security & Tr. Co. Jan. 1, 1928
E rie Telegraph A Telephone—Stock ($15,000,000)..........
100 10, 000,000 4% i n ’99 Q.—J.
Checks mailed.
July 9, ’0 0 ,1H
+ ( ($1,000,(500) 10% red. yearly after 1899 ... 1894 500 &c. 1.000.
A. « O. Boston, Old Colony Tr. Apr. 1, 1909
fe
000 6
($4,000,000) sink, fund., not subj. to oall..o* 1896 1,000
&
4.000.
000 5 g. J. « J.
do
do
July, 1926
goia “as. / $5,000,000 iormerly debentures.OB...... o* 1898-9 1,000
fe
5.000. 000
do
do
July 1,1928-9
5 g. J. < J.
Federal Steel—Common stock, $100,000,000.................
100 46,484,300 See text,
N.Y., Off., Empire Bldg, Moh.20,’00,21
*
Preferred stock (as to assets and 6% div.) non-cum—
100 53,260,900
do
do
do
Q .-J .
July 20,’00,1%
i
Illinois Steel, convertible debentures, see text...........c* 1890 1,000
J. « J.
fe
5
do
do
2.922.000
Jan. 1, 1910
Non-convertible debentures for $7,000,000, A < B. o* 1893 500 &c. 6.900.000
fe
A. < O.
fe
do
do
5
Apr. 1. 1913
C ram p (W in .) Sc Sons S hip Sc E n g in e B id .. Co.—See p. 170.
C ru c ib le Steel C o . o f A m e ric a .—Organization .—Being formed
in July, 1900, under the laws of New Jersey to consolidate 13 proper
ties, including the Park Steel Co., etc., named in the prospectus, V. 71,
p. 32, claimed to represent about 95 per cent of the output of crucible
steel in the U. S Stock authorized, common, $25,000,000; pref., 7 p.
-c. cum., $25,000,000; par, $100. Of the stock, $¿0,000,000 each of
common and preferred were subscribed by the owners of the old p=operties, and the balance was subscribe I for, $100 cash being paid for
one share each of common and preferred. The Union Trust Co., Pitts
burg. received subscriptions. Officers, it was reported, would be:
President, C. H. Talcomb, Syr acuse, N. Y.; Chairman of Board, W. G.
Park; Treas., Reuben M iller, Pittsburg, P a; Secretary, Frank B.
Smith, Pittsburg, Pa. Directors, V. 71, p. 87.—V. 71, p. 32, 87.
C u m b e rla n d T e le p h o n e .—See page 170.
D e n v e r Gas Sc E le c tric .—See p. 170.
D e n v e r U n io n W a te r Co.—D e tro it C ity G as.—See p. 170.
D e tro it m a c k . Sc M a rq u . R R . L a n d G ra n t.—See page 170.
D e tro it U n io n R R . D e p o t.—See Su p ., Oct., 1397.—V.69, p. 494.
D ia m o n d m a tc h .—See page 170.
D is tillin g C o . o f A m e ric a .—Organization .—Incorporated in
New Jersey on July 11, 1899, under the laws of New Jersey, and
acquired control of the American Spirits Mfg. Co., Kentucky Distil
leries < Warehouse Co., Spirits Distributing Co. and Standard Dis
fe
tilling & Distributing Co. per plan in V. 68, p. 1224—V. 69, p. 130.
A numoer of rye whiskey concerns, including Hannis Distilling Co ,
were acquired in July, 1899 (V. 69, p. 179, 494, 745). In Nov.,
1899, it was claimed that three-fourths of the Kentucky whiskey pro
duct and about 85 per cent of the spirit product of the country were
controlled. V. 69, p. 957.
Stock , E tc.—Stock authorized, common, $70,000,000; pref., 7 per
■cent, cum., $55,000,000; proposed to be reduced by cancellation to
common $50,000,000 and preferred $35,000,000, of which $3,748,
000 common and $3,750,000 preferred w ill be in the treasury, leav
ing the outstanding amounts $46,252,000 common and $31,2 0,000
preferred stock. Of these last-named amounts, $2,049,335 common
and $1,966,169 preferred were unissued in April 1800, being held for
exchanges of securities of constituent companies. V. 68, p. 1224; V. 70,
p. 385. 794.
In July, 1900, a large majority of the stock had been deposited for
exchange for voting trust certificates for five years, the trustees to
have the right to raise additional working capital otherwise than by
assessments to be paid by stockholders. The trustees are August Bel
mont, John L. Oadwalader, T. Jefferson Coolidge, Jr., W illiam F. Harrity and Alvin W. Krech. Funding plan was deferred until flnalresults
for fiscal year ending June 30, li>00, are known. V. 70, p. 1097, 1252;
V. 71, p. 32.
B onds .—In Jan., 1900, the Kentucky Distilleries < Warehouse Co.
&
filed a mortgage to secure $5,000,000 twenty-year five per cent gold
bonds, but subject to call after five years at 105, to develop the re
sources of that constituent company.—V. 70, p. 78.
D ireciors . —Samuel M. Rice. President; Thomas Dolan, Hugh J.
•Grant. R. A. C. Smith. Frederick Flower, Gen. G. E. P. Howard, E. H.
Schley, Edson Bradley, George R. Sheldon, John M. Atherton and H.
J. M. Cardeza; Secretary Thomas H. Wentworth. Office, 27 W illiam
St., N. Y. V. 70, p. 1097,1252; V. 71, p. 32.
D o m in io n C oal Co.—See V. 70, p. 1051, 1193; V. 71, p. 137.
D o m in io n Ir o n Sc S teel.—See page 171.
E d is o n E l. 111. o f B ro o k ly n .—See K ings Co . E l . L. < P o w e r *
&
E d is o n E le c tric Illu m in a tin g Co. o f N ew Y o rk .—See N. Y.
G as & E lectric Light , H eat < P o w e r ; also A pril, 1899, S u p .
&
E le c tric B o a t—E le c tric Co. o f A m e ric a .—See page 171.
E le c tric Storage B a tte ry .—incorporated in 1888 under laws of
New Jersey. Owns basic patents for storage batteries. (V. 69. p. 76,
850.) Acquired in 1899 about $4,000,000 stock of Electric Vehicle Co.
—see below.
Stock , E tc.—Common, auth., $13,000,000; outstanding, as in table.
Preferred, 1 per cent cumulative, $5,000,000 (pai $100). After 1 p. c.
on preferred, common and preferred share equally. In Feb., 1899,
pref. dividends were 4 p. c. in arrears. In 1899 increased the common
stock from $8,500,000 to $13.000,000, $3,375,000 of the increased
stock being allotted to the stockholders at par..—V. 69, p. 76.
R eport .—Report for year ending Dec. 31,1899, in V. 70, p. 632,
showed: Gross shipments. $2,122,679, against $1,163,584 in 1898;
net profits from manufacturing after deducting interest on bonds,
■etc., $609,085, against $260,151; add inoome from royalties and in
vestments, $315.438, against $39.519; net income, $924,523 in 1899,
against $299,670 ifi 1898. President, Geo. H. Day; office, ICO Broad
way, NewYork.—V .69,p.387; V. 70, p. 175,586, 632.
E le c tric V e h ic le Co.—Organization . -Incorporated in 1897
under the laws of New Jersey. On June 20, 1900, the stockholders
voted to increase the stock from $ 12 .000,000 to $18,000,000 bv the
■issue of $3,000,000 each of common and preferred, the greater part
to be used to acquire the remaining half of the $5,000,000 Columbia
< Electric Vehicle stock. V. 70, p. 1197, 1252. See V. 69, p. 850.
fe
D iv id e n d s .—A dividend of 8 per cent on preferred and 2 per cent on
common paid April 1,1899, “out of net earnings for year 1899.” In
July, lf>99, 2 p. c. on common: Oct., 2 p. c.; Deo. 29, 2 p. c. On pre
ferred in 1900, April, 2 per cent.—V. 70, p. 586,1293.
President, Robert Me. A. Lloyd. Executive Comnittee, Isaac L. Rioe,
John Jacob Astor, Geo. H. Day and M artin Maloney. Office, 100
Broadway.-V. 69, p. 850; V. 70, p. 586, 999, 1197, 1252,1293.
E m p ire Steel Sc Ir o n .—See page 171.
E q u ita b le Gas L ig h t (o f N . Y .)—Se e N e w A m sterd am G a s Co .
E q u ita b le 111. Gas L ig h t o f P h ila .—See page 171.
E rie T e le g ra p h Sc T elep h o n e C o.—Org an ization —Owns 74 per
cent of the Cleveland Telephone Co., 80 per cent of the Northwestern
Telephone Exchange Co., and 82 per cent of the Southwestern Tele
graph < Telephone Co., operating in the States of Ohio. Minnesota,
fe
North and South Dakota, Texas and Arkansas, under licenses from
Am. Bell Co. In 1899 acquired control of Michigan Telephone Co. (V.
68, p. 40,187) and Wisconsin Telephone Co.,andinJan.,1900,through
the former, of the Detroit Teleph., New State Teleph. and other comIn Feb., 1900,
gantes of Michigan. Telephone & the Telephone Telegraph <&Cable
o. (now National
Telegraph Co.) obtained control
through the purchase of 5,001 out of the 10,000 shares of stock. See
V. 70, p. 432.—V. 68, p. 979,1023,1225; V. 70, p. 127,178, 232, 283,
331,1151. 1197,1252.
St o c k .—Usted onN.Y. Stock Exchange in 1894; see V. 59, p. 701.
The stockholders on Dec. 15,1899, voted to increase the capital
stock from $5,000,000 to $15,000,000.
B onds .—In 1900 the debentures of 1898-9 w ere secured by a collat
eral trust indenture dated April 16, 1900, under which debentures
w ill be secured by stocks of various subsidiary companies of equal
par value. V.70, p. 999, 1151; V. 71, p. 32.
D ividends .. »1888.
’89. ’90.
’ 91. ’92 t o ’98.
’99.
1900.
Per cent., j 4
4
4
1
4
4% In d . July, 3^
R e p o r t .—Earnings of sub-companies for year ending Deo. 31,1899,
gross, $3,676,400, against *2,818,477 in 1898; net $1.314,162, against
$820,>302. Report for 1899, given at length in V. 70, p. 1093,1100,
showed: Gross income, $3,676,400 (against $2,818,477 in 1898); sur
plus over dividends, $53,216 for year; total surplus of sub-cos., Jan.
1, 1900, $1,257,901. For the same period E. T. <&T. Co. proportion of
dividends and undivided earnings, $966,040; dividends paid by Erie
(4^ per cent) $225,000; expense account, $482,761; net surplus for
year, $258,279. Office, Lowell, Mass. (V. 70, p. 78,127,178, 232,
282, 432, 534,999,1093, 1100,1098,1151,1197, 1252; V.71, p.232.)
F o rt St. U n io n D ep o t (D e tro it).—See S up ., April, 1897.
F e d e ra l S teel.—(Nee M a p .)—Or g a n iz a t io n .—Incorporated in N .
J. Sept. 9,1898, with liberal powers (V. 67, p. 530), to acquire by pur
chase (plan in V. 67, p. 483, 633,) the capital stocks o f the Minne
sota Iron Co. (and through it owning the entire stocks of the Duluth
& Iron Range RR. Co. ana Minn. SS. Co.), the Illinois Steel Co. and the
Elgin Joliet & Eastern Ry. Co. The entire outstanding issues of the
capital stocks of these companies have been acquired and are now
owned by the Federal Steel Company; it has also acquired the entire
capital stocks of the Lorain Steel Co. and the Johnson Co. of Pa.
Stock , E tc.—Stock authorized, $100,000,000 each of common and 6
p. c. non-cumulative preferred. For amount issued see table above.
Preferred stock is preferred both as to assets and dividends. See V.
67, p. 578,1003.
The Federal Steel Company has no bonded debt. The companies
whose entire capital stocks it owns have outstanding bonus and de
bentures as per schedule above. The Illinois Steel Co. convertible 5
per cent debentures of 1910 (original issue $6,200,000) were called for
payment on May 3,1899, but right to retire same was, for the present,
waived by the company, provided bonds were presented for an endorse
ment thereon permanently waiving the right of exchanging same for
stock; 2,922 bonds were thus endorsed, and the balance have been re
deemed. V. 68, p. 232, 282.
D iv id e n d s .— Preferred: l 1 p. c. A pril 5, 1899, l 1 p. c. Sept. 12,
*
*
1899; 1900, Jan., 3 p. c.; Apr., 1J* n. c.; J u ly ,!1 p. o. Common: 1%
*
p. c. Jan. 20,1900 (declared July, ’99; deferred to comply with legal
decision); on Mar. 20,190 >, 2** p. o., making 3% p. c. for 1899. V. 70,
p. 331. Further dividends on common stock w ill probably not be paid
until Jan., 1901, owing to legal reasons.—V. 70, p. 689.
O per atio n s .—Report for year ending Dec. 31,1899, in Y. 70, p. 684
(balance sheet, p. 790), showed: Net receipts of Federal Steel Co.
above expenses to Deo. 31,1899, $5,111,038; div. on pref. stock (6 p.
o.), $3,195,541; dividends on common stock (3% p. e.), $1,743,162;
balance, surplus, $172,335. In addition the surplus of constituent
companies to Dec. 31,1899, after payment of all expenses, deprecia
tion, extraordinary displacements, dividends to Federal Steel Co., etc.,
was $4,407.307.
The production (tons) in 1899 of the several properties inoluded:
Iron Ore Pig Iron and
Other Steel
Tear. Mined.
Spiegeleisen. Steel Ingots. Steel Bails Products.
1899..2,933,051
1,569,277
1,721,812
755,203
692,250
D ir e c to r s .—H. H. Porter, E. H. Gary, H. H , Rogers, Nathaniel
Thayer, Samuel Spencer, J. Pierpont Morgan, D. O. Mills, A. R.
Flower, Marshall Field, Norman B. Ream Samuel Mather, Robert
Bacon, C. C. Cuyler, James Sim and Charles MacYeagh.
Of f ic e r s .—E. H. Gary, President and General Counsel; H. H .
Stock —A fter 8 per cent on common, dividends are to be divided
of Board; E. Shearson.
i >ro rata between the common stock and the preferred stock outstand- Porter. Chairmanand Treas.; Auditor, W.assistant to President; RiohJ. Filbert. 71 B’way., N. Y.
ng. In 1899 the outstanding stock was increased, common from ard Trimble. Sec.
—V. 70, p. 78, 232, 326, 331, 68 4, 689, 790,1052,1252.
$5,000,000 to $7.n00,000. and preferred from $1,000,000 to $5,000,000.
¡Electrio StorageBattery Co. in 1899 owned about $4,000,000 of stock
F is h e rie s Co.—See page 171.
R eport .—Report for 8 mos. ending Aug, 31,1899, in V. 69, p. 850.
F ra n k Jones B re w in g C o ., L im ite d .—V. 69, p. 227.
T jfcWE S Ifforil'l
E y h Sr
160
IN V E S T O R S ’
A. FEDERAL STEEL CO.
controlling B, C, D, E and F.
SU PPLE M E N T.
B. M I N N E S O T A IRON COM P ANY.
Extensive Iron Mines
Duluth & iron Range R. R.
Minnesota Steam Ship Company
Docks on Lake Erie
C. ILLINO IS S T E E L C O M P AN Y .
1.
2.
3.
4.
5.
6.
7.
8.
9.
South Works, Chicago
Joliet Works, Joliet
Bay View Works, Milwaukee
Union Works, Chicago
Universal Construction Co., Chicago
Chicago, Lake Shore & Eastern R. R.
Southwest Conneilsviile Coke Co.
Iron Mines, Michigan
Pennsylvania Coal Lands
D. ELGIN, J O L IE T & E A S T E R N R. R.
(Intersecting a ll Railroads entering Chicago)
E. LORAIN S T E E L CO M P ANY.
F. C A S H 10 M ILLIONS.
SPRINGFIELD
[Y ol. l x x i .
Lorain Works, Lorain, Ohio
Lake Terminal Railroad
Johnstown Works, Johnstown, Pa.
Johnstown & Stony Creek Railroad
Ingleside Iron Mines, Pa.
J u l y , 1900.]
161
MISCELLANEOUS STOCKS AND BONDS.
MISCELLANEOUS.
For explanation of column headings, <fcc., see notes on
first page of tables.
Bond*—
Princi
INTEREST OR DIVIDENDS.
Size, or
Amount Rate Per When Where Payable, and by pal,When Due.
Stocks—Last.
Par
Whom,
Dividend.
Value. Outstanding Cent. Payable
M. & N,
$ 1,000 $7,852,000
S * A. & O
l.OOO&c 6.732.000
Duluth & Iron Range, 1st mortgage, M p .........o*r
6
J. & J
1,000,000
1,000
2d mortgage, currency, red. at 105, $5,000,000.Ce.c*
M. & S
6
1.500.000
JohnsonOo.of P a.,lstM ,red .$l00,000 8ep.l,y’ly.U s..o
1,000
7,070,300 4 in 1900 Q .-M .
General vhemical Co.—Common stock, $12,500,000......
100
6
8,126.400
Q .-J .
100
Preferred stock, 6 per cent, cum., $12,500,000............
Q.-J..15
100 18,276,000
General Electric—Common stock, $22,691,000...... .
J.—J. s i
7
2,551,200
100
Pref. stock 7 per cent cum. (not pref. as to assets).........
5.298.000
1,000
Debentures, g., conyertible ($100 stk. for $120 bonds) .o 1892
5 g J. & D
31 A. & O
«
2.214.000
1890
1,000
Girard Point Storage—1st M.,gu. p. &i.
100 24.027.300 6 in 1899 Q .-M .
Glucose Sugar Refining—Common stock, $26,000,000....
Q.—M.
7
Preferred, 7 per cent, cumulative, $ 1 4 ,0 0 0 ,0 0 0 .........
100 13.638.300
H àboken F e rry —S e e N . Y. & H o b o k e n F e h r y .
Fed.SteelfOon.)—EI.J 0 I.& E .,ls t M. ($10,000,000) g.Ce.e
Illinois Steel—Bee F ederal Steel Co .
International Paper—Stock, common, $20,000,000.........
Pref., 6 p. c., cum., $ 2 5 ,0 0 0 ,0 0 0 .................--------- 1st con.M.,$10,000,000, g.Us. red. af. ’07 at 105.conv.c* 1898
...... -- --.........
Intern ational Power Go.—Common—
Preferred, 6 per cent, cumulative. (V. 71, p. 137.) ....
In ternational Silver—Stock, common, $11,000,000.........
Stock, preferred, 7 per cent, cumulative, $9,000,000...
1st M., $4,500,000; s. f., called at 110, beg. 1901.Co.o* 1898
Internavi Steam Pump Go.— C
om. stock, $lo,000,000....
Preferred stock, 6 per cent, cumulative, $12,500,000..
Henry R. Worthington, pref. stock, 7 per cent cum ...
Blake & Knowles, pref. stock, 8 per cent.....................
Debentures
........................ ..............................
17,442 .800
6
22,406,,700
9,179;,000
6 g.
6,400 ,000
600,,000 6 in Ma:
9,946,,000
5,111, 500
3,900,,000
12.262, 500
8,850, 000
2 , 000 ,000 7 per an.
500, 000 8 per an.
6
1,150,000
100
100
1,000
100
100
100
100
1,000
100
100
100
Q .-J .
F. & A,
.. 1900.
N.Y. Off., Empire Bldg, May 1, 1941
do
do
Oct. 1, 1937
do
do
Jan. 1, 1916
To 1914
N. Y ., U. 8. Trust Co.
N. Y ., 32 Liberty St. June 1, ’00,1%
July 2, ’0 0 ,1*9
do
do
Check from Co.’s office. Ju lyl4,’00,Ufl
do
do
Ju ly 3 l,’00,3ifl
N.Y.,Guar. Trust & Bos. June 1, 1922
Sept. 1, 1940
Philadelphia.
Chicago Of., Rookery, Junel, ’00, l 1
«
June 1,’0 0 ,1%
do
do
Checks mailed,
do
do
N. Y., Met. Tr. Co.
July 1, ’99,1%
July 2, ’00, lifl
Feb. 1, 1918
MchVlöV’O , 6
O
N. Y ., Cont. Trust Co. Apr. 2, ’00,1%
Q .-J
J. & D. N .Y .,T .& P ., 71 B’way. Deo. 1, 1948
Q. F. N. Y., Of., 26 B’dway. Aug. l / ’OO, 1*9
M. & N. N. Y., Guaranty Tr. co. May, 1900,3*9
New York,
do
International Paper.—Incorporated Jan. 31,1898, and took
General Chemical C o .—O r g a n iz a t io n , E tc .—Incorporated in
New York on Feb. 15,1899, as a consolidation of the Nichols Chem over by purchase twenty five of the principal pulp and paper mills of
ical Co., N. Y ., James L. Morgan &C o.,N. Y., and other companies the,U. S., producing from 75 to 90 per cent of all the newspaper man
mentioned in authoritative statement in V. 68, p. 571—which see. ufactured east of Chicago. For list of properties acquired see official
R eport.—First report, for 10 mos. ending Deo. 3 1 ,1 8 9 9 , with bal statement in V. 67, p. 42- and V. 69, p. 49 1 ; also applications to list
68, p. 726.
of finished paper
ance sheet, in V. 70, p. 228, showed: Net profits, $ 9 5 9 ,69 6 ; extraor in V. 67, p. 1359, and V.prospectus in Daily output and V. 67, p. 177*,
dinary expenses of organization, $84,923; div., 6 p. c. on $8,088,700 about 1,500 tons. See V. 69, p. 281. V. 66, p. 288
statement
preferred, $396,063; div., 4 p. e., on (say) $6,760,200 common, $270,- also official Co., a majority of whose In Apr., 1900, the Continental
Paper Bag
$5,000,000 stock is owned, was
408; bal., sur., $208,302.
blinding a factory at Rumford Falls, Me., its capacity, then over 3.D iv id e n d s .—On pref., July,’99, to July, ’00, both inch, 6 p. c. per an. 500,000 paper bags daily, to be 10,000,000 on completion of the plant.
On common, 1 p. 0 , payable quarterly on March 1, June 1, Sept. 1 and V. 70, p. 742.—V. 69, p. 494, 908.
Deo. 1,1900, out of earnings of 10 mos. ending Deo. 31,1899.
D iv id e n d s .—On pref., July,1898, to July, 1900,inclusive, 6 p.o. yearly
Of f ic e r s .—President, William H. Nichols; Treasurer, James L. Mor (1*2 quar.) On Deo. 31, 1898, paid first dividend on common. 1 p. 0 .;
gan, Jr.; Seo., Albert W inter, N. Y. 32 Liberty St.—V. 70, p. 2 78.
in 1899, March, 1 p. 0 .; July, 1 p. 0 ; Oct., 1899, none, owing to large
General E l e c t r i c . —O r g an ization .—Organized under a special cash requirements due to increased business. Y. 69, p. 593, 957.
B onds .—Of the $10,000,000 1st 6s, $1,301,000 were reserved to re
charter of New York, April 15,1892, and owns the Edison and other
patents for electric lighting in the United States and many foreign tire prior liens (of which in May, 1900, $456,000 had been exchanged
countries, and grants exclusive franchises for specified territories to and $184,000 were in the treasury. V. 67, p. 428. The new bonds are
local companies. It also sells outfits for electric railways and all kinds convertible at holder’s option Feb. 1 or Aug. 1 any year to 1910, into
of electrical supplies. In 1896 made agreement with Westinghouse pref. stock. Underlying bonds Sept., 1899: $1,500,000 Hudson River
Electric & Mfg. Co. V. 62, p. 502.635,1040; V. 65,p. 151; V. 68, p. 1024. Pulp & Paper Co. 6s, subject to call at 105, in whole or in part,
In April, 1900, purchased practically all of the $2,000,000 stock of Sie- Jan. 1 or July 1 of any year after 1907; $150,000 Ontario Paper Co.
mens-Halske Co. of America, with plant at Cicero, 111; (see V. 68, p. (Watertown, N. Y.), 6s, due Feb. 1, 1918; Glens Falls Paper M ill,
$450,000; OtisJFalls Pulp Co., $395,000; Remington Paper Co. bonds,
927).—V. 70. p. 689.
St o c k .—Stock was reduced on Aug. 17,1898, 40 p. c., viz., from $34," $281,000; C. R. Remington & Sons Co , $76,500; Oloott Falls Co. bonds,
$389,000.—V. 67, p. 1359; V. 68, p. 726.
712,000 to amounts in table; 7 p. c. upon pref. and 6 p. c. upon com
E arnings .—For fiscal year ending June 30,1899, gross, $15,063,568
mon requires $1,275,144 yearly.—V. 67, p.28,125,177, 319, 578, 634.
The stockholders voted on July 17,1900, to increase the common expenses, including cost of raw material, etc , $12,218,533; interest,
stock by $4,415,000 to redeem the outstanding $5,298,000 debentures. taxes, etc., $596,595; dividends (6 p. o. on pref. and 3 p. c. on com.),
$1,786,206; surplus, $462,234. Balance sheet, V. 69. p. 281, 494. In
V. 70, p. 1293; V. 71. p. 137.
D iv id e n d s .—The accumulated dividends on old preferred to Aug. June, 1900. entire floating debt was paid off. Y. 70, p. 482. Busi
13,1898. aggregated $1,527,654. This amount was paid by March 8, ness in Mar., 1900, V. 70, p. 742.
Of f ic e r s .—President, Hugh J. Chisholm; First Vice-President and
1899, and regular dividends at 7 per cent from Aug. 17,1898, resumed
on the preferred stock. V. 67, p 900, 1160. Dividends on reduced Treasurer, A. N. Burbank; Second Vice-Pres’t, Vrm. B. Dillon; Seo’y,
com., July 15,1899, to July, 1900, Ha p. 0 ., quar. (6 p. c. per annum). E. W. Hyde. 30 Broad St.. N. Y .—V. 70, p. 482, 742.
B onds .—See terms in Su pplem en t of March, 1893, on page 3.
International P ow er.—See page 171.
A n n ual R e p o r t .—Fiscal year ends January 31. Annual meeting
International Silver.— r g a n
E
in
is held the second Tuesday m May. Report for 1899-00, with balance Nov., 1898, under the laws ofONew iz a t io n ,andtc .—Incorporated of
Jersey
acquired control
sheet of Jan. 31,1900, was given at length in V. 70, p. 789, 795.
silver-plating properties—see list in V. 67, p. 1160 ; also V. 68, p. 232,
Deduct—
1900.
1899.
Tetr wMi.JTan.31— 1900.
1899.
334,1024. Before Industrial Commission in November, 1899, Presi
Income—Sales. .$22,3.9,461 $16,679,431 Op. exp.&taxes..$18,573,603 $13,0W4,584 dent Dodd estimated the company’s output as about 55 or 60 per cent
281,667
290,000
Royalties, etc.
8r8,707 792,591 Int. on debent.
of the total silver-plating output in the U. S. Also has a large ster
363,354
269,440
Int. and div....
389,760 461,953 Patent expenses
ling silver output. See application to list in V. 68, p. 334, as to rights
Sale o f secur.,&c. 768,146 326,884
of stock, location of plants, etc. V 67, p. 1160; V. 68, p. 1024. M rst
Bal.f*r dir., &c. $5,197,463 $3,606,884 div. on pref., 1% p. 0 ., paid A pril 2, 1900. The July, 1900, d ivi
Total.......... $24,406,067 $17,360,859
Balance 1899-00. as above, $$5,197,463; div. on pref. stock (7% ), dend was deferred. V. 70, p. 1 H)7. Balance sheet Jan. 31,1900, Y.
$178,5-4; div. on com. stock (4^%), $822,420; patents, etc., written, 7o. p. 582. Underlying bonds, $127,600. President, Samuel Dodd ;
off. $2,000,000; bal., sur., Jan. 31,1900, $2,196,459. Cash, same date, Treas., Samuel Thomas; Office, 11 Maiden Lane, N. Y.—(V. 68, p.
$1,537,072; notes and accounts receivable and work in progress, $7,- 232,331, 334,1024; V. 70, p. 233, 5 8 2 , 1197.)
852,129 securities owned valued $6,132,268; liabilities, $1,052,467.
International Steam Pum p Co.—Or g a n iz a t io n .—Incorpo*
Of f ic e r s .—President, C. A. Coffin; Treasurer, Henry W. Darling; rated on Mar. 24,1899, under the laws of New Jersey as a consolida*
Bee.. M. F. Westover; N. Y. office, 44 Broad St.—(V. 68, p. 826.1024; tion of five companies estimated to do 90 per cent of the steam pump
V. 70, p. 689, 789, 705,1293; V. 71, p. 137.)
business of the country, exclusive of high duty engines. These com
panies taken over Apr. 15,1899, include Henry R. Worthington Co.
Glucose Sugar Refining C o —Incorporated in N. J. Aug. 3, and Blake & Knowles Steam Pump Works, etc. See prosp., V. 68, p. 723.
1897, and purchased nearly all the glucose properties of importance
St o c k .—Authorized, common, $15,000,000; pref., 6 per cent
in the country-see V. 65, p. 327, and application to list in V. 67, p. $12,500,000. Dividends on pref.: Aug. 1, 1899, to Aug. 1,1900,cum.,
both
1263. Bushels of com ground during year 1898-99, 26,600,000, or incl., 6 p c. per annum. The stock unissued is set apart to retire
5,000.000 more than in preceding year. V. 69, p. 285. Grinding the $2,000,000 7 per cent cumulative preference shares of Henry R.
capacity August, 1899,100,000 buitoels daily. V. 69, p. 285.
Worthington Co. and $1,150,000 6 per cent debentures, and $500,000
Sto ck s .—Common stock, ($26,000,000 authorized) entitled to 6 per 8 per cent preference shares of the Blake & Knowles Co. Net earnings
cent per annum after the preferred stock has received 7 per cent, and for last fiscal year of consolidated companies, $1,317,791. V 69, p.
thereafter to share equally with the preferred in all other dividends 285. President, John W. Dunn. Treasurer, Max Nathan. Office, 26
Preferred, authorized, $14,000,000. No bonds issued. Dividends.—On Broadway, N. Y .—V. 68, p. 618, 723; V. 69, p. 285; V. 70, p. 1098.
pref Dec , 1897, to June, 1900,1 % p. c., quar. (7 p. c. per annum). On
Iron Steamboat.—See S upplem en t of Jan., 1898. Y. 69, p. 1246
obmmon, Deo. 1,1898, to June, 1900, both inclusive, l ^ p. c., quar. (6
p. o. per an.)
Jefferson Sc Clearfield Coal Sc Iro n .—See Supp., Jan. 1898.
E arn in gs .—Report for year ending July 31,1899, was in V. 69, p.
Kansas City (M o.) Gas.—See page 171.
541, showing: Profit (after writing off $772,490 for betterments and
K e n tu c k y D is till. Sc W a re h o u s e ,- See Distilling Co. of Am.
repairs), $2,047,589; 7 p. c. on pref.. $883,351; 41
ap. 0 . on common,
K eoku k 4c H am ilton Rrldge.—See S u p p . o f July, 1 8 9 8 .—V .
$1,081,228; surplus,$83,010. 0 . H. Matthiessen, President; Chas. L.
Glass, Secretary and Treasurer. General office, The Rookery, Chicago. 7 0 , p. 1 2 9 4 ; V . 7 1 , p. 13 5 .
—(V. 69, p. 285, 494, 541, 853, 908; V. 70, p. 534.)
K in gs County Electric Light Sc Pow er.—This company, owns
Gold Sc Stock Telegraph Co.—See W estern U nion T e l e g r a p h . a new power station on the water frontin Brooklyn, and otherproperty in that borough, and acquired in 1898, per plan in V. 67, p. 482,
Gramercy Sugar Co.—See V. 68, p 232; V. 69, p. 909.
the entire $5,00u,000 capital stock of the Edison Electric Illum inating
Co.
County Co. therefore has control of aU
Gr. R ap. Gas-Lt.—Great Lakes T ow in g Co.—See page 171. the of Brooklyn. The Kings in Brooklyn—See V. 69,p. 177, 957. The
electric-lighting business
G. H . H am m ond Co., Lim ited.—V. 67, p. 1107.
Edison Co. operates entire combination. V. 70, p. 483.
H arrison Rrotbers & Co.—V. 69, p. 130, 853; V. 70, p. 233.
S e c u r it ie s .—The $5,176,000 purchase money bonds are secured
by deposit of $5,000,000 Edison stock in trust, by a second
H avana Commercial.—See page 171.
mortgage lien on the Kings County plant as now owned or hereafter
H aw aiian Commercial Sc Sugar Co.—V. 70, p. 1098.
acquired, and by $1,000,000 cash guaranty fund to be invested in
Hecker-Jones-Je w ell H illin g Co.—See U. S. Flour Milling.
securities approved by the committee—see V. 67, p. 482.1309. As to
Edison Co.’s oon*ol. mortgage, see V 67. p. 482, 842 First quarterly
H erring-IIall-M arvin Co.—Seep. 171.
dividend, 11* p. c., paid June 1,1900. V. 70, p. 999.
H oboken Ferry Co.—See N. Y. &. Hobokea Ferry.
E arn in g s .—Net earnings of combined properties for year ending
H udson County Gas.—See p. 171.
Deo. 31,1899, making allowance for income from the investment of
Illinois Electric Vehicle Transpo>rtatlon.—60 page 171.
0
uaranty fund, it is stated, amounted to about $625,000; fixed charges,
58’.000; bal. for divs., about $38,000. Statement of May 1,1900,
Illinois Steel.—See F e d e r a l St e e l Co .
with balance sheet, was in V. 70, p. 1047. Pres., Anthony S'. Brady;
Intern. Autom obile Sc Vehicle Tire—See page 171.
Tr&as.,^A^W. Dater; Directors, Jan., 1900, V. 70, p. 127,483,999,
Intern. Car W heel—Internatlonal Navigation.—Seep. 171.
Intern. Packing Co.— 69, p. 957,1147;V. 70, p. 78,897.
V.
Knickerbocker Ice Co. o f Chicago.—Y. 71, p. 137.
f
161
INVESTORS’
SUPPLEMENT*
rvoi* L X X I.
MISCELLANEOUS.
For explanation of column headings, &c., see notes on
first page of tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
Size, or, Amount
pal,^When Due.
Par Outstanding Rate Per When Where Payable, and by Stocks—Last
Value.
Dividend.
Cent. Payable
Whom
K in gs County Electric Light < Pouter—Stock, $2,500,000.
&
$1,980,000
Q .-M .
2.500.000
5 g. A. & O.
5,175,900
6 g. A. & O.
1,000
1.104.000
A. & O.
1 S‘ J. & J.
1,000
4 g.
2.495.000
100
8,014,400 3 in 1899 M. & S.
loo 2.500.000 5 in 1899 J. & D.
100 &o. 10,000,000 . í I £• Q.—F.
100 &c.
500.000
5g<
$50 $14,366,650 4 in 1899 M. & N.
Various 5,000.000
41
«
Q.—J.
Various 1,992,833
Q.—F.
í S* J.15&D.
500&O. 1,842,500
1,000
2,470,750
7 8V J. & D.
1,000
41« g. Q.—F.
3.686.000
1,000
1.500.000
4H»g. M. & S.
1,000
4 g. J. & J.
1,085;« 00
1,000 12,175,000
Q .-M .
4*2
1,000
M. & N.
2.691.000
5
1st mortgage, gold, $2,500,000........... .-............... Co .o
Porch, money M., gold, secured by-Ed. stock, &o.Co..c'
Edison El. 111., 1st M., g. (to be paid at 110).Co ..c*&r
do
consol mortgage, $10,000,000, gold.M o...c*
Laclede Oas Light—Common, $8,500,000. ............ ........
Preferred stock, 5 per cent, cumulative............ .
1st M., g. (There are also $125,000 - ar. Gas 6s). Ce.cL 1889
Coupon notes, gold, $500,000. red. in 2 y e a rs ............. 1896
Lehigh Coal < Navigation—
&
Stock, $14,366,650................
1st M., canal, 6,030 acres coal and76 m. L. & S. E R ...r 1864
lstm .,g.,Leh. &Sus. RR.(V. 64, p. 4 1 ,)g o ld ......F .P .r 1867
2d M. fis t M. Nant.RR.l (V. 65, p. 367,) gold............. .0 * 1867
Cons. 3d M. Canal, Coal & 122 m. RR.; 2d M. 26 m. RR.r 1871
General mortgage for $15,000,000, gold.......... F .P ..r 1884
Collateral trust for -f1.500,000, gold.......................... c* 1895
Fund. & imp. M., *7,500,000, g.<ser.“A,” $2,085,000) .c* 1898
Lehigh dt Wilkesbarre Coal—Con. M. guar.,ext. in 1900... 1875
5s of 1912, sinking fund (not drawn)...... .................... c 1888
Louisville Bridge Co. and Louisn. < Jeffer B ridge Co .— S ee R
£
Madison Square Q irden—1st mortgage, gold............ o* 1889
2d mortgage, gold.
. .. .
......................................... 1891
M arsden Com pany —Common, $3 5 ,0 0 0 ,0 0 0 ..................
Preferred, 6 p. c. cumulative, $15,000,000.................. 1897
Maryland Coat—
Stock, preferred (no bonds)....................
Mergenthaler Linotype—Stock. . . . . . . . . . . . . . . . . __ __ »..
_
M exican Telegraph—Stock.......... ........................... .......
$100
1,000
1,000
AILROÁ d Co m pànie S.
1,000
500
100
100
100
100
1.250.000
750.000
30,782,2«0
1.530.000
1,885,005
.
N. Y ., Colonial Tr. Co.
N. Y ., Central Trust Co.
Brooklyn.
N. Y ., Morton Trust Co
N. Y..H.B.Hollins; St.L.
do
do
do
do
Philadelphia, Office.
do
do
do
do
do
do
do
do
do
June 1,’QO, l 1
«
Oct. 1, 1937
Oct. 1, 1997
Oct. 1, 1900
Jan. 1-, 1939
Moh. 15, ’00, 2
J une 15*00,2!«
May 1, 1919
Feb. 1, 1901
May 28,’00,21«
July 1, 1914
A pril 1,1914
June 15,1914
June 1, 1911
May 1, 1924
Sept. 1, 1905
July 1, 1948
June 1, 1910
Nov. 1, 1912
Nov. 1, 1919
A ll paid.
5 g. M. & N.
6 g. M. & N. Nòv., *96, pd. F eb , 97 Nov. 1, 1919
J.30&D, New York, 1 B’dway. June 30, ’00, 2
10 000,000 20 in ’99 Q .-M . N.Y., 114 Tribune Bld’g June 30’00,5%
1.912,600 10 in ’99 Q.—J. N. Y.. Office, 37 Wall St July 6, ’00,21«
Cross.
Net.
Interest. Sink. Fund.
B alance,
L aclede Gas L ig h t.—O r g a n iz a t io n .—Incorporated in 1857, and
in 1889 secured control of all the other gas companies in St. Louis. In 1897..... $7,698,128 $837,484 1T$735,379 $201,855 def. $99,749
524,508 11745,828 227,662 def. 448,979
1896 the price of gas was reduced from $1 18 to $1 per 1,000 feet for 1896..... 8,385,447
illuminating and 80 cents for fuel gas. Suits V. 66,p. 760; V. 70, p 534. 1893.....11,088,211 1,435,630 '-------$986,601--------- sur. 449,029
1 Interest charges in th^se years do not include int. on consols held
1
Stock,—The $1,C#0,000 new common stock, subscribed for in March,
1900, raising the amount to $8,5O0,t00, w ill be issued from time to by Central of N. J RR., on which no interest has been paid since 1893.
President, J. Rogers Maxwell. —
(V. 70, p. 432, 897, 1*91; V. 71,
time as paid up until Mar. 15,1901. V. 70, p. 1047,, The proceeds w ill
p. 26.
be used entirely for improvements. V. 70, p. 178.
L o c o m o tive Sm oke P re v e n te r.—See page 171.
D iv id e n d s .— ) ’90. *91. ’92. ’93 ’94. ’95 to Dec., ’97. ’98. 99. 1900.
L o u is v ille B rid g e Co.—L ou . Sc Jefferso n B rid g e .—S«*e RRs.
«
Pref. 5* cum... > 2«¿ 0 5
5 6 7 (31« semi-an.) 8 5June,21
0
0
3 3 M ar., 2
M ad iso n Square G ard e n .—See page 171.
Common, p. o.. ; 0
0 0
0
M a n h a tta n B each H o te l Sc L a n d C o.—See Supp.of J an., 1898.
On common, in 1900, Mar., 2 p. c., semi annual (V. 70, p. 331.)
M arsd en C o m p an y.—Incorporated in February, 1897, to manu
B onds.—See application to Stock Exchange in V. 49, p. 657.
facture products from cornstalks— V. 65, p. 235, for uses of product.
see
A n n ual R e p o r t .—Statement Of March 31,1900, with balance sheet, In Feb,, 1899, the outstanding common stock was increased to $30,was in V. 70, p 10 »7. For year 1899 (including Carondelet Branch) 782,200. Report for year 1899 in V. 70, p. 331. Owns a majority of
net earnings were $999,153; in 1898, $939,180; in 1897, $883,059; in stock of the Internat. Smokeless Powder Co.—(V. 70 p 282, 3 8 1 .)
1896, $782,213. For 5 mos. ending May 31, 1900, net, $407,046,
M a ry la n d B re w in g C o.—V. 68, p. 331, 572; V. 69, p. 11 92 .
against $409,404 in 1899. N. Y. office, 40 W all St.—(V. 70, p.483,
M a ry la n d C oal C o.—Controls 6,000 acres of land in Alleghany
5o4, 63 6,1047.)
and Garrett counties, Md. St o c k .—Preferred as in table, and in addi
Lake Superior Consolidated iro n M ines.—Incorporated in tion old common, $11,100, and treasury stook, $103,895. The last of
1893,and owns or controls many important iron properties on the Miss, the bonds was paid off in 1897. Coal produced was: 480,856 tons in
abe Range, Minnesota, also the Duluth Misaabe & No.Ry. V. 69, p. 336 1899; 383,879 tons in 1898; 371,233 tons, in 1897. Annual report for
Stock . —Auth., $30,000,000. Issued $28,722,000; par$100. No bonds] 1899, with balanoe sheet, was in V. 70, p. 685. Surplus earnings in
D ire cto rs .—George D. Rogers, Fred T. „Gates, D. B. Searle, Edward 1899 over interest, etc., were $157,248; in 1898, $112,851; in 1897,
B. Cary, George Welwood. Murray, Lewis J. M erritt and Charles E. $109,020; dividends in 1899 (5 p. c.) $94,230; surplus for year, $63,New
1893. paid 2*« p. o,; 1894,31«; 1895,41«; 1896, 5; 1897.
Soheide. Pres., Fred T. Gates; Sec. and Treas.,Charles E. Scheide. 018. 0 .; in pref., p c.; in ’99, Jan., 2i«.p. c.; in July, 2 p. c.; in DeO., 3 p.
4 p.
*98. 4
Office, 26 Broadway, N. Y.—V, 66, p. 811; V. 69, p. 336, 908,1064.
0 ., incl. l extra. Dividend period changed in 1899. In 1900, June, 2
Lehigh Coal Sc Navigation.—Owns canal from COalport to Eas p c.—(V. 66, p. 383; V. 7 0 ,p. 68 6.)
ton, Penn., 48 miles, and leases Delaware Division Canal, 69 miles.
M e rg e n th a le r L in o ty p e .—Listed in 1898. Dividends in year
Also owns Lehigh & Susquehanna Railroad, Phillipsburg.N. J., to Union 1897,16!« p. e.; 1898 to June, 1900, both inclusive, 20 p. c. yearly (QJunction, Pa., 105 miles, with branches, 60 miles, and leases for 999 M. 31). Last report in V. 69, p. 1009; statement as to rival co’s, V. 67,
years Nesquehoning Valley Railroad, 17 miles; Trescow Railroad, 7 p. 371.—(V. 68, p. 1182; V. 69, p. 1009.)
mües; other lines, 17 miles ; total, 206 miles, of which 115 miles double
M e x ic a n T e le g ra p h .—Company organized in 1878 under laws of
tracks ; but all these roads are leased for 999 years from 1871 to Central
York
Has a cable from
Vera Cruz,
of New Jersey RR., rental being 33%per centof gross earnings, with a Newmiles;State. line, Vera Cruz toGalveston to Tampico andAlso direot
738
land
Mexico City, 267 miles.
minimum rental of $1,414,400. Delaware Div. Can «¿is leased for 99 years
from 1866 at Interest on the bonds and 4 p. e. on stock, paid as rental. cable from Galveston, Texas, to Coatzacoaloos, Mexico, 825 miles, dup
&
Controls Tamaqua & Lausford street Ry. V. 70, p. 428. In June, licating the Mex. Tel. and Cen.So.So. Am. Co.’s Gulf cable system. Owns
of the Central &
Am. Telegraph no which
1900, a majority of the stock, it was understood, was acquired by 2,125 shares—In 1882 to 1886, inclusive, 8 per cent ,yearly; see. 1887
D ividen ds
from
strong interests having in view closer relations with Central R r . of N. to July, 1900, both inclusive, at rate of 10 per cent per annum
J., etc.
Earn in gs .—Gross earnings for year 1899, $422,553; net, $340,528;
B o n ds . —
General M. of 1884 covers, subj.yto prior bends, 7,460 acres divs.,$191,260. J. A. 8crymser,Pres.,37W allSt.,N.Y.—(V .62,p .682.)
coal land, 48 miles canal and 161 miles railroad; bonds are reserved to
M il. A C h ic. B re w e rie s .—V. 67, p. 74, 1307; V. 68, p. 80.
retire all prior Issues. Ground rentB and mortgages, $125,033.
M o no ng ahel«. B iv e r C o al Sc Coke Co.—See page 171.
As to collateral ti ust bonds of 1895, see fu ll statement. (V. 61, p. 154.)
For fu ll mort, of 1898, see V. 66, p. 1139 (under “ Del. Div. Canal”),
M o u n t V e rn o n -W o o d h e rry C o tto n D u c k Co.—See page 171.
also V. 67. p. 125; $2,085,000 were issued July 1,1898, by the trustee
Na
1898 and
to retiré *480.000 Del. Div. Canal 6s and for other purposes, but of York tio n a l B is c u it.—Organized in Co., etc.—V, consolidated New
Biscuit Co., Am.Bisouit & Mfg.
66, p. 288, 901.
these $1,000,000 in Jan., 1900, were reserved in the treasury to pro
D iv id e n d s .— On pref., in 1898, 5!* p. 0 .; 1899, to May, 1900, 7 p. 0 .
vide for floating debt and working capital. V. 70. p. 428.
Jointly and severally with Cent. RR. of N. J. guarantees $1,062,000 yearly (1% Q -F). On common, Oct., 1899, to July, 1900, inol., 4 p. 0 .
yearly (1 p. c. Q J),
Leh. < Hud. River Ry. Gen. 5s, prin. and int. (V. 67, p. 788.)
fe
B onds .—These include N Y. Biscuit
Mar., 1910,
_
DlVS. Since 1889_ > ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 '99 1900. $969,000;; Am. Biscuit & Man. 1st 6sfirst 6s (M&S.),due 1911, *545,*
Percent..................> 5 5 51 6 41 4 4
«
«
4 4 4 May.21 000; do. $100,000 4^8;due Sept., 1900,(F&A.h due Aug.,
«
and$60,000 purchase money
In May, 1900, dividend rate was increased to 5 p. c. V. 70, p. 948.
5s due $5,000 yearly in October.—V. 67, p. 274.
A n n u al R e p o r t .—Report for 1899 was in V. 70, p. 428. Coal pro.
A n n ual R e p o r t . - Report for year ending Jan. 31,1900, was in V.
ducedin 1899,1,807,7 33 tons; 1898, 1,450,964 tons; 1897,1,530,823. 7 0 , p. 3 2 6 . shotVtRg; Sales for year. $35,651,898; net profit, $3,302,155; dividends, 7 p, 0 . on pref. and 2 p. 0 . on common, $2,232,326;
Y ear en ding Dec. 31.
1899.
1898. * 1897.
1896.
From railroads......$1,878,224
$1,504,200 $1,546,138 $1,550,625 bal., sur., $l,069,v29.
President, Beujamin F Crawford; Vice-Pres., H. F. Vories; Asst.
7,403
6,089
11,433 loss 16,060
Canals............................
Sec. and Asst. Treas., J. A. Lewis. (V. 70, p. 3 2 6 .)
Net profit on Leh. Coal..
139,060
156,891
296,400226,946
Miscellaneous ............
179,435
192,602
235,764136,768 t. C arb on Co.—See p. 171. N u t. E n a m e l. & S iam p*g —171.
Na
N a t. E le c . Co.—See Phila. Elec. N a tl. G lass.—See page 172.
Total receipts.........$2,204.123 $1,859,782 $2,08**,735 $1,898,279
N a tio n a l L ead C om p an y.—Or g a n iz a t io n .—Organized under
In t., rentals,taxes, &o.. 1.299,610 1,300,432 1,329,601 1,339,730
D ividends...................(4) 573 866 (4)573,866 (4)573.866 <4)573,866 the laws of New Jersey oh Deo. 7,1891. It controls extensive plants
Balance............ ........... sr. 330,«47 def. 14,516 sr.186,268 def. 15,317 in different States for manufacture of white lead and other products.
Sinking fu n d ...............
83,802
87,709
92,295
95,816
Sec u r it ie s .—The preferred stock is entitled to 7 p. 0 . per annum cu
mulative. Seeeditorial of May, 1893, Su ppl e m e n t , and V. 60, p. 349»
—(V. 68, p. 4 2 5 , 5 68,1025; V. 70, p. 428,948,1151.)
DIVIDENDS.—
1892. ’93. ’94. ’95. *96. *97. 1898 to 1900.
L e h ig h Sc W ilk e s b a rre C oal*—Controlled by Central RR. of New Common,
..
0
2
1
0
0
Jersey and owns 28,909 acres of anthracite coal lands and holds 2,847 Preferred,p. 00 . 7 per cent yearly 3 Q-M to June, 1900,1% 1 early.
p.
(1%,
inclusive).
additional acres under lease. It operates thirteen collieries and leases
A nnual R e p o r t .—Fiscal year ends Deo. 31. Annual meeting is held
about 4,000 acres of its coal lands to various operators. V. 71, p. 26.
on 3d Thursday in February. The annual report for 1899 in V. 70, p.
STOCK.—$10,000,000, of Which $9,2x2,500 outstanding, $6,600,000 of
326, gave
this being owned by Central RR. of N. J. In 1897 mined 2,132,042 tons. dends on pithe following statement: Net earnings, $1.373,906; divi
eferred, $1,043,280; dividends on common, $149,054; bal
B onds, Etc.—The consolidated (now first) mortgage of 1875 is for anoe for year, surplus, $181,572. In 1898, net. $1,241,839. In 1897,
$15,000,000; the bonds, originally 7s, matured in 1900 and were ex net, $1,53-2,376. The general balance sheet Deo. 31, 1899, showed:
tended ac 4 *« per cent interest, both principal and into rest being guar Plant investm ent.....$23,476,974
Capital stock.. . . . . . . . . $30,000,000
anteed by endorsement by the Central RR. of N. J. The balance Other investments. ...
587,911
unissued is available for improvements, etc. The Central RR. of N. J. Stock on h a n d ......... 5,122,761 Surplus Deo. 3 1 ........ 1,324,841
M o rtg a g e s .............
12,603
in 1900 oahc led the overdue coupons held by it aud sold the $6,116,190,600
13,781
000 consols formerly owned. See guaranty and official statement, V. Treasury s to c k ........ • ' 313,116 Accounts payable»....
Cash in banks......... »
71, p. 26.
Notes receivable.........
198,619
G eneral F inances.—The Central of N. J. on June 1, 1900, owned Accounts receivable.. 1,461,246
$2,353,000 income B bonds. Bills payable outstanding were $3,200,224; “ other indebtedness,” $1,136,249. See V. 71, p. 26.
Total assets...... ..$31,351,225
Total liab ilities....$31,351,225
E arnings.—For 5 mos. ending June 1,1900, gross, including earn
D ire cto rs .—W. H. Thompson, E. C. Goshorh, F. W. Rockwell, L. A*
ings from miscellaneous sources, $3,854,575; net above taxes, $474,- Cole, R. R. Colgate, A. P. Thompson, D . B. Shipman, J. A. Stevens*
319.
‘ '
George O, Carpenter, Edward F. Beale, J., L. McBirney R. P. Rowe
annual R eport .—Balanoe sheet of June 1, 1900, was in V. 71, p. and Charlés F. wells. Pres., L, A. Çole; J. L. MoBirhey, Treas.: Charles
Davison, See. N. Y. office, No. 100 W illiam St.—(V. 70, p. 3 2 6 .)
26. Report for 1897 was given in V. 66, p. 808.
July , 1900.]
MISCELLANEOUS STOCKS A N D BONDS
163
Bonds—Princi
MIS CELLANEOU 8.
INTEREST OR DIVIDENDS.
Date Size, or
pal,When Due.
Amount
Par outstanding Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, &c., see notes on of
Bonds Value.
first page of tables.
Whom.
Cent. Payable
Dividend. %
N ational Biscuit —Common stock, $30,000,000.'......... .
Pref. stock, 7 % cum., $25,000,000. For bonds see text
National Lead (Jo.—Stock, common, $15,000,000 auth’d,.
Preferred stock (7 per cent, cum.) $15,000,000 a u th ....
N ational Starch Oo. (new co.)—
Com. stock, $5,000,000..
Pref. stock, 6% cum., $4,500,000, div. from July, 1900.
Debentures, gold, sinking fund, $4,000,000, call at 105
United States Sugar Refinery, 1st mortgage— . — ...
Nat’l Starch Mfg.'Co., ist mart., gold (sinking fund),..
N ational Steel—Stock, common, $32,000,000.
---- ....
Pref. stock, 7 p.c. cum. (as to ass’ts & div) $27,000,000
N ational Telephone < Telegraph —Stock, $50.000,000.....
h
Coll, trust, secured by Erie stock, $12,000,000, g., text
National Tube—Stock, common, $40,000,000...... ...........
Pref. stock, 7 per cent, cumulative, $40,000,000.. ...i..
N ational .Wall Paper. —Debenture stock, $8,000,000 8% ..
New Eng. Ootlon Yarn - Pi. stock, ($5,000,000,7% cum.)
1st M., $ 6 ,5 0 0 ,0 0 '*, g old .N il s. f. subj. to call at HO.o*
New Enal’ d Gas <t Coke —1st mort., $17,500,000, gold.Ce.
New England Telephone Telegraph—Stock, $20,000,000
Bonds, Ser. 3, 4 & 5, $500,000 ea., call aft,10 yrs. at 102
Bonds, Series 6. 7, & 8, $500,000 each, not subj. to call
New bonds, $1,000,000 (see text).......................... .......
N. Y. <t Hoboken F erry Co.—S to c k .............................
Hoboken For., 1st cons. M., red. at 110 ($4,500,000).c*
N. Y. & N. J. Ferry, twomorts. ($600,000are 1st 4s)..
N. Y. & Hoboken Ferry, gen, mort., gold, $4,000,000..
1900
1890
Í9Ó0
1899
1897
1891-3
1895-9
1900
1896
1896
1898
$100 $29.236,000
Q.-J. 15 Chicago & New York, July 16,’00,1%
do
do
100 23,792,7u0 7 in 1899 Q .-F .
May 3 l,’00,l%
100 14,905,400 1 in 1900 March. N. Y., 100 William St. M oh.1,’00,1%
100 14,904,000 7 in 1899 Q-—M.
do
do
June 15’00,1%
100
2.250,000 To be in trust till July 1,1901.
July 1,1901.
100
4,171,000 To be in trust till
4,000,<»00 > 5 g. J. & J 1st coup, due Jan. l . ’Ol July 1. 1925
J. & D. Boston, In tT Trust Co.
1921
6
1,000,000
1,000
M. & N. N.Y.,ChaseNationalBk. May 1, 1920
3,000,000
100 32.000. 000 6
100 27.000. 000
Q .-M . N.Y.,First N.Bk.& Chic. J*ne 30,’00,1%
50
<»)
1930""
5 g . A. & O.
100 40.000. 000
Aug 15,’00,1*8
100 40.000. 000
N. Y. office, or mailed. July 2, ’00,1%
Q.—J.
100
7,500,000
Text See text
Checks mailed. "" Jan. 2, ’00, 2%
100
July 2, ’00,3*a
5,000,000
J .-J .
1,000
5,700,000
5 g. F. & A. Bost., N. Shawmut Bk. Aug. 1, 1929
1,000 14,000,000
New York.
Dec. 1, 1937
5 g. J. & D.
100 13,759,100 6 in 1899 Q.—F. Boston, 125 M ilk St. May 15,’00,1*«
1,000
1,500,000
6
A. < O. Boston,Bank of Repub. Apr., 1906-7-8
fe
1,000
1.500.000
A. 4 O. Bost., Nat. Bk. Com’rce. 1915,’16 & ’19
5
1930
1,000,000
4
3.300.000
Tune 1,’00,1%
Q .-M .
1,000
M. & N. N. Y., Ü. 8. Mort. & Tr. May 1, 1946
4.100.000
5
1,000,000 4 & 5 J. & J. N. Y ., Cent. Tr. Co.
Jan. 1, 1946
i.òb'ó
3.300,000
5 g. J. & D. N. Y., U. 8. Mort. & Tr. May 1. 1946
N a t. L in seed O il.—Sold to Am. Linseed Co. V. 71, p. 139.
1088. Common stock, $27,931,500 for good w ill, patents, etc.; deben
ture stock, $7.500,000. General balance sheet Jan. 1, 1900.—V. 70, p.
N a tio n a l S a lt.—See p. 172.
582. N. Y. office. 418 Broome Street. (V. 71, p. 33,137.)
N a tio n a l s ta rc h Co.—Or g a n iza tio n .—Incorporated in New Jer
N e w a rk C o n so lid ated G as.—Seep. 172.
sey in April. 1900, under the direction of Charles R. Flint, by the re
adjustment committee as a proposed combination, per plan in V. 70,
N ew C e n tra l C o al—N ew E n g . C o tto n Y a rn .—See page 172.
p.742, of the Sat. Starch Mfg. Co., United Starch Co., U. 8. Glucose
Co. and U. 8. Sugar Refinery. These companies own the most import
N ew E n g la n d Gas Sc C o ke.—A voluntary association formed
ant factories in the United States manufacturing starch and have a in 1897, ana contracted with Dominion COal Co., with mines in Nova
capaoity of over 45,000 bushels of corn daiiy, or more than double that Scotia, to supply a large amount of coal (800,000 tons or over per
of the Nat. Start h Mfg. Co. See list of plants, p. 742. For capitaliza annum) at a very low rate. This coal it is converting into coke,
tion see table above.
selling the gas, which would otherwise be a waste product, at an ex
St o c k an d B onds *—Of the new stock, $329,476 preferred and $2,- traordinarily low price (20 cents per 1,000 feet) for heating as well as
lighting purposes. In March, 1900, its 400 ovens at Everett, Mass.,
750,000 common (the latter to acquire the minority shares of the Glu
cose Oo ) w ill be retained in the treasury of the new company. A ll were in operatioa, net earnings for the month bt-ing $46,000, or
the capital stock w ill be deposited for one year from July 1,1900, $5,000 above fixed charges, on an output of about one-half the capac
with theU . 8. Mort. & Trust Co., N. Y „ subject to the option of the ity of the works. V. 70, p. 798. The output in M*roh, 1900, was
stockholders to w ithdraw , but not sell, the certificates issued there between 4,000,000 and 5,000,000 cubic feet of gas daily, and in Tune;
for, prior to July 1,190 ., or to direct the sale for their account of 1900, was, it was said, producing 1,500 tons of coke daily. V. 70, p.
As to cost of making gas, contracts, etc., see Y.
p.
stock
f»referred40 p. c, at not less than 90 per cent and of com. stock at not 1294. new company purchased practically all the’stock 70, the483.
The
of
Brook
ess than
of par.
Debentures may be increased hereafter to provide for the aoquisi line, Dorchester and Jamaica Plain Gas Light Companies, which pur
chase carries with it the control (through right to vote the stocks de
tion at par of the $4,000,000 bonds of the old companies shown above.
Earnings over interest on debentures; 2 per cent annual sinking fund posited as security for the Boston United Gas bonds—see Bay State
and dividends on preferred stock may be used to purchase debentures Gas statement page 163 of Bay State Gas Co. of Mass., Boston Gas
Light C6., South Boston Gas Light Co. and Roxbury Gas Light Co.;
or preferred stock.—V. 70, p. 742, 844, 897, 948.
briefly, all gas companies in Boston. As to litigation with Bay State
N a tio n a l Steel Co.—Or g a n iz a t io n . E tc.—Incorporated in New Gas Co., see V. 68, p. 1179. The Boston & Maine RR. w ill purchase
Jersey on Feb. 27,1899, as a consolidation of the following plants, for fuel 400,000 to 500,000 tons of Coke annually.—V. 69, p. 336.
manufacturing soft steel outside of the Chicago and Pittsburg districts:
Sto c k a n d B onds .—Capital stock authorized is $17,500,000; issued,
Ohio Steel Co. o f Youngstown, Ohio; King, Gilbert & Warner,.Columbus, $14,000,000, par $100, firs t mortgage is for $17,500,000 (redeem
Ohio; .Etna Standard Iron & Steel Co. o f Bridgeport, Ohio; Shenango Valley able at 105 after Deo. 1, 1902), of which $14,000,000 have been is
Steel Co., New Castle, Pa.; Buhl Steel Co., Sharon, Pa.; Union Iron & Steel sued (Y. 68, p. 85) and are secured by a mortgage on all the company’s
Co., Youngstown, o., and the Bellalre Steel Co.. Bellaire, Ohio.—V. 68, p. 28».
property .(coke ovens, land, etc.), and by pledge of the following:
Estimated annual capacity of tin plate bars, sheet bars and steel
Total Issued.
Pledged.
billets, 1,800,000tons; blastfurnaces, 1,600,000 tons.— 68, p. 380.: Brookline Gas Light s to c k .....,;..............$2,000,000
V.
$1,998,600
In 1899 1,800 acres coking property in Cdnoellsville district.—Y. 68,
“
certificates of indebtedness......
1,615,000
1,615.000
p. 928. In July, 18v*9, acquired Chapin and Winthrop mines, expected Dorchester Gas Light sto ck...........
520,000
517,600
to furnish about 1,250,000 tons of ore a year, thus affording about 80 Boston United Gas bonds, 1st series.......
9,000,000
1,000,000
p. c, of the Co.’s requirements of about 3,000,000 tons; also the Mutual Jamaica Plain Gas Light Co . . . . . . . . . . . . . . .
250,000
139,800
Transportation Co. and Menominee Transit Co. of Cleveland, owning Massachusetts Pipe Line Co.(V.67, p.275)
1,000,000
1,000,000
steel fleets having an aggregate capacity of 1 ,0 0 0 *0 0 0 gross tons of ore
E arn in gs .—Companies controlled for 1898-99 in V. 69, p. 694.
per annum. See V. 69, p. 230. In Dec., 1899, the Nat. Mining ’o., in
T ru stees .—Trustees of N. E. Gas & Coke Co. are as follows: George
which the Nat. Steel Co., Am. Steel Hoop Co. and Am. Tin Plate Co.
ar* interested, purchased 7,000 acres of coal property.—V. 69, p. 1348. G. Haven, Robert C. Pruyn, Stephen Peabody, W. L. Elkins. Jr., W illian Flinn, H. M. Whitney, Henry F. Dimock, Wm. L Elkins, A. N.
V. 70, p. 384. In April, 1899, acquired blast furnace and plant at New
Brady, Em. M oM illin.R. W. Lord, Almerio H. Paget.—(V. 70", p. 1294.)
Castle, Pa., 803 acres of coking coal land, etc. V. 70, p. 897.
St o c k .—Common, $32,000,000, preferred (as to assets and divi
N ew E n g la n d T elep h o n e Sc T e le g ra p h .—This company does a
dends), 7 per cent cum., $27,000,0 0; par of each, $100; banking capi telephone business in Maine, New Hampshire, Vermont and Massachu
tal upon organization, $9,000,000 cash; all outstanding. As to rights setts under license from the American Bèll Telephone Co. On January
of stock, etc., see official statement, V. 68, p. 272.
1,1900. it had 60.711 stations in all, against 46,323 in 1899" Of cap
D iv id e n d s . —
On pref., June, *99* to June, 1900,7% per an. (1% Q-M). ital stock $7,989,900 is o wned by American Telephone & Telegraph
B onds .—Underlying bonds aggregate $2,811,000 [of which all 6s (Bell) Co.—V, 70, p. 40.
St o c k an d B onds .—The bonds áre debentures, but are to be secured
except $250,000 5s], consisting of].
by any mortgage placed on the property.
$1,000 000 i >hto 8teel Co., subject to call June 1,1901: $330,000 Shenango Val.
Stockholders voted May 7, 1900, io increase capital stock from
Steel. flOO.OOo due June 1.1901; SlrO.OOO due Oct. 1,1902, and »80,000 due Sept.
1, 1902; $130,000 King, Gilbert & Warner Co., $100,000 due May 1, 1905, and $15,000,000 to $20,000,000. Of the new stock, $1,720,000 was offered
$30,000 due Jan. 1.1900; $600,000 .Etna Standard Iron & Steel Co., subject to to stockholders pro rata at par, one-half of the subscription being
call J hu. 1, 1901. due Jan. 1, 1 08 $300,on Bel aire Steel Co., subject to call payable Aug. 16 and one-half Nov. 16,1900, when the total amount
March 2,1' 01 due March 2,1906, $200,00 Buhl Steel Co., due Nor. 1,1903, and outstanding w ill be $15,479,100. V. 71, p. 33. In Jan., 1900, sold
$260,0 > Rosena Furnace 6s, due Pec. 1,1912.
o
$1,000,000 30-year 4 per cent debenture bonds—V. 70, p. 994.
R eport .—Report for year ending Feb. 2*. 1900, with balance sheet,
D ividends .— ) 1886-93. 1894. 1895. ’9 6 .’9 7 .’9 8 .’99.
1900
in V. 70, p. 582, showed net earnings o f *3,231,000, after"charging off
Per Cent.
S3*2 yearly.
4
4*a
5
5*e 6 6 Incl.May,3
$3,617,329 for depreciation, interest cn bonds and four quarterly div
A nnual R eport .—Fiscal year ends Deo. 31. Report for 1899 was
idends on preferred stock, about $1,872,500.
in V . 70, p. 994, showing gross earnings $3,946,355; net over inter
Of f ic e r s . President, W. E. Reis; Vice-Presidents, Henry Wick, R. est, maintenance, taxes, etc., $783,552; dividends (6 p. o.) $750,216;
M. Gilbert; Secretary and Auditor, William H.Baldwin; Treasurer, F. balance, sur. for year, $33,336. (V. 70, p. 993; V. 71, p. 33.)
8. Wheeler. Office, 21-24 State St„ N. Y .—(V. 70, p. 582, 689, 897.)
N ew E n g la n d E le c tric V e h ic le Sc T ra n s .—See page 172.
N a tio n a l Sugar R e fin in g .—See page 172.
N e w p o rt Sc C in c in n a ti B rid g e Co.—See R ailroad Cos.
N a tio n a l T in P la te Sc S tam ped W a re .—See page 172.
N .Y . A ir B ra k e C o ., N. Y.dc E as t R iv e r F e rry Co.—See p. 172.
N a tio n a l T u b e Co.—Or g an ization .—Amended oharter filed in , N ew Y o rk & E as t R iv e r Gas Co .—See New A msterdam Gas Co.
New Jersey June 27,1899, changing name from U. S. Tube Co. A con
solidation, effected in July, 1899, of the leading wrought iron pipe and ! N . Y . E le c tric V e h ic le T ra n s p o rta tio n .—See page 1721
tube manufacturers. See application to list, V. 70, p. 744, giving
N . Y . Sc H o b o k e n F e rry —N. Y . M a t. T e l.—See page 172.
balance sheet, properties owned, rights of preferred shares, eto.
N e w Y o rk & N e w Jersey B rid g e Co. N . Y .—(V. 66, p. 237.)
The National Tube Oo. is said tp represent about 90 per cent of the
N ew Y o rk & N ew Jersey T e le p h o n e .—Operates telephone
entire industry of the country and to have an aggregate annual out
put of 1,000,000 tons, including all classesof tubular goods of wrought lines under perpetual license from the Bell Company in Staten Island,
Long Island (including Brooklyn), in New Jersey in counties of Bergen,
Iron and steel. J. P. Morgan & Co. financed the consolidation.
Essex, Hudson, Middlesex, Monmouth. Morris, Passaic, Somerset and
Stock.—Common, $40,000,000; pref. 7 per cent cum., $40,000,000, Union. Its total stations on Jan. 1,1900, were 28,073 (of which 12,163
a ll issued. There is no mortgage lien ana none can be created with in Long Island), 22,065 in 1899,18,093 in 1898 and 14,336 in 1897.
out the written consent of at least 80 per cent of both stocks.
St o c k .—Inc. from $5,000,000 to $8,000,000 auth. in 1898. V.67,p.737.
D iv id e n d s .—On pref., Oct., ’99, to July, 1900,7% per an, (1% Q.-J,).
Stockholders subscribed until Feb. 1, 1900, to 25 per cent in new
First dividend on common, 1** p. o., paid Aug. 15, 1900.—Y. 70,p.999« stock, payment to be made in 25 per cent instalments on Feb. 1, May
E arn in g s .—Net earnings for 6 months from July to Dec., 1899, 1, Aug. 1 and Nov. 1.1900, increasing the total issue from $6,165,600
inclusive, after allowing for depreciation, etc., $7,911,510; dividends to $7,707,000 of which $207,000 to be in treasury.—V. 70, p. 40.
on preferred (3*2 per cent). $1,400,000; balance, surplus, $6,511,510.
Bonds .—Gn general m ortgage of 1890 is now a fir s t lien. Generals for
See official statement, V. 70. p. 384.
$19.000 and $165.600 of stock were held in treasury on Jan. 1.
O f f ic e r s . —President. Edmund C. Conversé; Chairman of the Board, 1900, for improvements, etc. Trustee gen. mort., Atlantic Trust Co.
Joshua Rhodes; Treasurer, Arthur F. Luke; directors see V. 70, p. 746. Bills payable Deo. 31,1899, $290,000; real estate mortgages, $111,500.
Financial headquarters 26 Cortlandt Street. N. Y.; manufacturing
D ivid en ds .— ? 1892.
1893.
1894 to July. 1900, inclusive,
headquarters at Pittsburg.—V. 70, p. 743, 74 4, 844, 999,1151.
Per ce n t,
5 . 6
6
7% yearly (incl.1% ,extra in Jan.)
N a tio n a l T e le p h o n e & T e le g ra p h .—See page 172.
; E arnings .—Report fo r year ending Dec. 31,1899, was in V . 70, p.
N a tio n a l W a ll P a p e r C o,—Organized July, 1892, and absorbed 479, showing gross, $2,381,369 ; net, $763,177; Interest, taxes, etc.,
twenty-eight companies. On July 17,1900, the stockholders voted $141,557 y dividends, $398,850; balance, surplus, $222,770» In 1898,
to dissòlve the company. V. 71, p. 33, 137; V. 70,p.l099; V. 64, p gross, $2,058,477.—(V. 68, p: 425; Vi 69, p. 1150 f V. TO, p. 40, 47 9.)
Î6 4
INVESTORS’
SUPPLEMENT:
LVo l . L X X I
Bo/wts—
Princi
MISCELLANEOUS.
INTEREST OR DIVIDENDS.
Date Size, or Amount
pal,When Due.
Par Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, &c., see notes on of
Bonds Value.
first page of tables.
Cent. Payable
Whom.
Dividend.
N.Y.M utualTel.—Mutual Un.Tel. Is tM ., g.,gu.,notdr’n.c 1881 $1,000 $5,000,000
6 g. M. & N. N. Y„ West. Union Tel. May 1, 1911
100 See text. 7 in 1899 Q.—J.15 Bklyn,81WilloughbySt. July 14,’00,11«
New York A New Jersey Telephone—Stock, $8,000,000...
100
1.S 64,000
(Jen. M. (nowlst) $1,500,000,g. ,s.f.$20,000 y’rly.not dr.o* 1890
5 g. M. & N. N. Y., Atlantic Tr. Co. May 1, 1920
1,000
1.925.000
N. Y. Telephone.—Met. T. &. T., 1st M., g., s. f .,.......o * r 1888
5 8- M. & N. N. Y ., 18 Cortlandt St. May 1, 1918
1891 500, &o. 9.629.000
N iagara Falls Power Co.— 1st M.. $10,000,000, g.Ce.c&r
5 *• Various N. Y. Wins., Lan. & Co. Jan. 1, 1932
2.100.000
Debentures, gold, convert., $3,000,000 (tex t).M p __ c 1900
Apr. 1, 1910
6 g. A. & O.
100 39,776,300
North Am erican—Stock for $50,000.000............................
50
2.500.000
Northwestern T el—Stock,6 p.o.,guar. West.Un......... .—
6
J. & J. N. Y., West. Un. Tel. Co. July, 1900,3%
500
1.180.000
7
do
do
1st mort., sink, fund, bonds not drawn, interest guar.c' 1874
J. & J.
Jan. 1, 1904
100
4.000.
000 6
Otis Elevator —Stock, pref., 6 p. e., non-cum, $4,500,000..
Q .-J . N. Y. Off., 71 Broadway Ju lyl4,’00,li«
100
6.738.800 2 in 1899 Q -F . N.Y.,Manhat. Trust Co. Aug.l, ’00,1%
P acific Coast Co.—Stock, common, $7,000,000.................
100
1.502.800 4i 6 in ’99 Q.—F.
1st preferred stock, $1,525,000, 5 p.o. non-cumulative.
do
do
Aug.l, ’00, 1**
100
3,904,200 3*3 in ’99 Q .-F .
2d preferred stock, $4,000,000,4 p. o. non-cumulative.
do
do
Aug.l, ’00,1%
1897 1,000
4.446.000
1st mortgage. $5,000,000, gold............................ M a.c*
do
do
5 g. J. & D.
June 1,1946
100 20,000,000 3 in 1899 J. & D. N. Y. Mercantile Trust. Dec. 1, ’99, li«
Pacific Mail Steamship—Stock..........................................
1,000
2.297.000
P ennsylvania Oanal-~Qen. M., $5,000,000, int. guar...e* 1870
6
J. & J. Phila.,Broad St. Station July, 1910
50
5.000.
000 in’ 99 Q.—F. New York, 1 Broadway. May 1, ’00, 4%
16
P ennsylvania Coal—Stock.................................................
1,000
1.000.
000 5
M. & N. Philadelphia Office,
Penn sylvan ia Steel Co.—Old Fenna. Steel 1st M., cur— r 1887
Nov. 1, 1912
2,000,000
F. & A.
do
do
5
Maryland Steel 1st mortgage, currency.......................r 1892 1,000
Feb. 1, 1927
M. & S. GirardL. I.,A.&Tr.,Phil. Sept. 1, 1925
Consol, mortgage, $7,000,000, gold.............................c* 1895 500 &c, 3,472,500
100
28,668,800 6 in 18%9 Q.—F. N. Y ., Central Tr. Co. May.25,’00,li«
People's Gas Light A Coke ( Chicago)—Stock, $30,000,000
500
2.100.000
People’s Gas Light & Coke 1st mortgage, gold, $ & & ..o 1874
6 g. M. & N. N. Y., Cent. Tr. & Chic. Nov. 1, 1904
500
2.500.000
2d m o rtgage............................................. ..— .... c 1874
6 g. J. & D. N. Y., Cent. Tr. & Chic. Dec. 1, 1904
4.900.000
P. G. L. & C. 1st consol, mort, for $10,000,000gold...*c 1893 1,000
6 g. A. & O. N. Y., Central Trust Co. Apr. 1, 1943
2 ,000,000
Equitable Gas Light & Fuel 1st mortgage...................c* 1885 1,000
6 g. J. & J. N. Y., Cent’l Tr. & Chic, July 1, 1905
do
do
Chicago Gas Light & Coke 1st mortgage, g..........(FP )c 1887 liOOO 10,000,000
5 g. J. & J.
July 1, 1937
4.246.000
Consumers’ Gas 1st mort., gold. See v. 66, p. 472— o 1886 1,000
do
do
Deo. 1, 1936
5 g- J. & D.
' N. Y . & Q . Gas & E le c .—See page 172.
N ew Y o rk S u b u rb an Gas.—Bee V. 68, p. 474; V. 70, p. 844.
N . Y . T elep h o n e.—P. 172. N . Y . Ac W ilk e s . C o al.—SUP. Jan.’98
N ia g a ra F a lls P .—N ile s -B e m e n t-P o n d Co.—See page 172.
N o rth A m eric an C o m p an y.—O r g an ization .—Organized in 1890
under laws of New Jersey, as successor to the Oregon & Trans-Conti
nental Co. Is interested in street railway and electric enterprises. In
Jul , 1900, it was proposed to reduce the stock to more closely corre
spond 10 the value of the assets.—V. 71, p. 27.
A n n ual R e po r t .—Fiscal year ends May 31. Annual meeting is held
in Jersey City on third Wednesday in June. Report for 1899-1900 was
in V. 70 p. 1247; V. 71, p. 27. Receipts from interest, dividends and
commissions, $182,147; expenses and taxes, $32,398; bal.. surplus,
$149,749, a«st $85,293 in 1898-99. A ssets .—Milwaukee Electric Ry.
& Light stock, $5,877,030; Cin. Edison El. stook, $863,266; other stocks,
etc., valued at $76,558; aooounts rec., $347,587; cash, $350,929.
D ir e c to r s .—Edward Q. Keasbey, John I. Beggs, C. W. Wetmore, 8. W.
Burt, J. Hobart Herrick, wm, Nelson Cromwell, G. R. Sheldon, Edmund
C. Convt rse. Henry C. Payne, President. C. W. Wetmore ; Sec., Silas
W. Bürt; Treas., Geo. R. Sheldon. N. Y. Office, 30 Broad St. (V.71 ,p. 27.)
N o rth e rn U n io n Gas Co. (N e w Y o rk C ity .)—V. 65, p. 621.
N o rth w e s te rn T e le g ra p h .—Owns 8,000 miles of wire and is
leased to Western Union for 99 years, with guaranteed dividends,
rising % per cent a year to 6 in 1897 and afterward.
O hio & In d ia n a N a tu ra l Illu m in â t. Gas Co.—See page 172.
O m ah a W a te r Co.—See page 172.
O regon Im p ro v e m e n t Co.—See P a c if ic Coast Co .
O sceola C onsol. M in in g Co.—V. 68, p. 425; V. 70, p. 531.
O tis E le v a to r Cq.—Incorporated Nov. 28,1898, under the laws
of New Jersey and was to take over every standard elevator
manufacturing company in the United States, about 13 in all, com
prising about 85 per cent of the business. Stock authorized, $6,500,000 corhmon and $4,500,000 non cumulative 6 per cent preferred;
$5<>0,000 of each of which is retained in the treasury. Dividends on
pref., Apr. 15,1899 to July, 1900, both inclusive, l 1 p. c., quar. (6 per
«
annum), ■No bonds. Office, 71 Broadway, New York.—V. 68, p. 525.
P a c ific A m e ric a n F is h e rie s .-V . 68, p. 430, 673; V. 70, p. 636_
P a c ific Coast C o m p an y.—This company controls the Pacific
Coast Steamship Company (owning its entire capital stook) and
operates five steamship lines running between San Francisco,
Portland, Victoria, Sitka, Fort Bragg, San Diego, &o. Also owns all thé
securities of the Columbia & Puget Sound RR (now standard gauge),
Beattie to Franklin, etc., with sidings, 57 miles, and its New Castle
mine; the Pacific Coast Railway (narrow gauge), Port Harford, Cal.,
to Los Olivos. 80 miles ; the Port Townsend Southern RR.; Port Town
send to Quilcene. Wash., 28 miles, and Olympia to Tenino, Wash., 15
miles ; operates the Franklin Coal Co. owning the Franklin mine, with
3,050 acres coal lands at Franklin and 2,083.acres at New Castle. See
V. 60. p. 954. For properties owned June 30,1898. see V. 67, p. 949.
H is t o r y .—Successor on Deo. 1,1897, to the Oregon Improvement
Co., sold in foreclosure and reorganized p. p la n in V. 65, p. 412, 463.
B onds .—New firsts for $554,000 are reserved for new steamships,
etc., at not over $100,000 per ann. Acc’nts pay. June 30, ’99, $54,036.
D iv id e n d s — 1
1898.
1899.
1900 (to Aug.).
Com., per et.. I
2
2
1 Q-F ( 4 per an.)
1st pref., p. c. I
5
41«
111 Q -F (5% per an.)
2d pref., p. c.. J
4
3*3
1 Q-F (4% per an.)
Dividend period changed to Q-F in Nov., i899. In 1900, on com
mon, Feb., 1 p. o.;May, 1 p. 0 .; Aug., 1 p. 0 .
E arn in gs .—5 months, f 1899-0...Gross, $4,299,839; nèt, $1,163,947
Dec. 1 to Apr. 30. ( 1898-9...Gross, 4,025,193; net,
881,187
R eport .—Report for year ending June 30,1899, in V. 69, p. 1059,
showed gross earnings of steamships and c"liier, $3,476,921; net;
$b40, 90; rail lines, gross. $600,430; net. $268,314; coal department,
gross, $816,132 ; net, $263,718. Detailed results for that period were:
Gross earnings.
$4,893,483 Interest on bonds...........$222,300
Op.expenses and taxes. 3,785,4 82 Depreciation, etc......... . 185,078
Div. on 1st pref. (2*«%).. 38,125
Net earnings.............. $1,108,001 Div. on 2d pref.(5 % )..... 200,000
Interest and discount..
28,008 Div. on common (3 % ).... 210,000
A n nual R epo r t .—Fiscal year ends A pril 30; report for 1899-00, with
balance sheet, was in V. 71, p. 138. On Apr. 30,1900, current liabil
ities were $260,087; current assets, $1,490,831.
Y ear ending A p r. 30.
1900.
1899.
1898.
1897.
Steamships................ $3,509,840 $3,959,013 $3,668,477 $3,759,338
12,282
15,707
55,917
69,333
Subsidies.................
Miscellaneous...........
195,498
165,994
339,827
311,478
Total earnings....$3,817,620 $4,140,713 $4,064,221 $4,140,149
Net earnings.............. $830,189 $1,116,336
$620,543 $714,258
Dividends (3 p. 0 .) in 1899-00, $600,000; bal., sur., $230,189.
D ire cto rs a n d O f f ic e r s —Henry H art, Isaac E. Gates, Edwin
Hawley, Samuel Thomas, G. H. Macy, Geo. J. Gould, Russell Sage
CollisP. Huntington, President; V.-Pres.and Gen. Man., R. P.Bchwerin;
Jos. Hellen, Sec. and Treas., Mills Building, N. Y.—V. 70, p. 331,1094:
V .71, p. 1 3 3 , 13 8.
P a r k Steel Co.—V. 70, p. 840; V. 71, p. 139. See Crucible Steel.
P e n n s y lv a n ia C o a l.—Owns coal lands in Wyoming Valley, Pa.;
Dividends since 1881—From 1882 to May, 1900, inclusive, 16 p. 0 . per
an. In Feb., 1894,4 p. c. extra and in Deo., 1896, 5 p. c. extra.—V. 69.
p. 1061,1102.
’
P e n n s y lv a n ia M fg . L ig h t Ac P o w e r.—
See P h il a d e l p h ia E lec .
P e n n s y lv a n ia Steel C o.—Chartered in Penn, in 1895; owns eight
blast furnaces, with an annual capacity of 558,000 tons pig iro n ; a
ra il m ill, capacity 480,000 tons and for 165,000 tons boiler steel,
beams and other products, and a ship-building and a bridge-building
plant, including plant at Steelton, Pa., with annual capacity of 175,000 tons; Bessemer Steel Works, capacity of 350,000 tons, and the
Maryland Steel Co. plant at Sparrow Point, near Baltimore, having
annual capacity of 300,000 net tons standard section steel rails. Owns
a half interest in the Juragua (Cuba) Iron Co., Ltd. V. 62, p. 776.
St o c k .—Common. $5,000,000; par, $100; $4,750,000 outstanding.
Preferred, 7 per cent, $1,500,000; par, $100, all outstanding. D ivi
dends on preferred, 1% p. c. quarterly (7 p. o. per an.), Oct., 1899, to
July, 1900, both inclusive. As to dividends, see V. 70, p. 1253.
B onds .— Consolidated jo in t mortgage (Girard Life Insurance Annuity
& Trust Co. of Philadelphia, trustee) covers the plants at Steelton, Pa ,
and Sparrow Point, Md., all of the $1,000,000 stock of the Maryland
Steel Co. and $697,500 of the $1,500,000 oapital stock of the Juragua
Iron Company. Consols for $3,000,000 are reserved to retire the
prior liens. Interest, if not earned, was payable in scrip till Sept. 1,
1898. The 1898 coupons were paid in scrip.
A n n u a l R e f o r t .—Statement in V. 70, p. 582, showed surp. for year
$1.372,374, agst. surp. $>1,019 in 1898.—(V. 68. p. 568,975; V. 69. p.
647; V. 70, p. 5 8 1 , 1253.)
v
P a te rs o n & P assaic Gas Ac E le c tric Co.—See page 173.
P e n n s y lv a n ia E le c tric V e h ic le .—See page 173.
P eo p le’ s Gas L ig h t Ac C oke (C h ic a g o ).—An absolute consoli
dation on Aug. 2,1897, of the companies forming the old Chicago Gas
Trust. The $25,000,000 Fidelity receipts, which previously represented
the several properties, were exchanged dollar for dollar for stock of
the People’s Gas Light < Coke Co.—V. 64, p. 1088; V. 65, p. 235. Mu
&
tual Fuel was purchased in November, 1897, and early in 1898 con
solidated, as was also the Hyde Park Co., with the People’s Gas-Light
& Coke Co. The Universal Gas Co. (stock, $1,500,000) is controlled
in the company’s interest.—V. 67, p. 179; V. 68, p. 474. In Ap.t 1900,
a syndicate friendly to the People’* Company purchased control of
the Ogden Gas Co. and the Cosmopolitan Electrio Co., both owned by
the same interests, the Ogden Company stockholders voting to issue
$6.000,000 bonds, which it is understood w ill be guaranteed bv the
People’s Company.—V. 70, p. 743,798, 999.
In Sept., 1898, all disputes with the Indiana Oil & Gas Co. were
settled, the People’s Co. agreeing to expend not exceeding $1,500,000
in the next three years in exploiting natural gas in Chicago, but in
June. 1900, the Supreme Court of Indiana held that the company had
no right to pump oil out of that State. V. 67, p. 690; V. 68, p. 825,
1182; V. 71, p, 33.
P r o p e r t y .—In service January, 1900: Street mains, 1,706 milesmeters, 274,604; public lamps, 25,121.—See V. 66, p. 382.
D ealings w it h Cit y .—In June, 1891, a settlement was reached b v
the several companies on the basis of the city getting 31« per cent of
Total net inoome...... $1,136,009
Balance, surplus..........$280,506 the gross receipts, or at least $150,000 per annum, and paying $1 per
1,000 feet for its gas—the price of gas to other consumers to remain at
YEARS ENDING NOV. 30.
1897.
1896.
1895.
$1 25 until 1893, when a reduction of five cents in the price must be
Gross earnings....................... $4,136,170
$3,221,621
$3,258,503
made yearly until $1, the present price, was reached. See V. 52, p. 9 3 9 .
Net earnings..........................
569,656
354,240
389,917
O f f ic e r s , E tc .—Chairman of the board, Henry W. Cannon; Presi
St o c k .—In December, 1898, stook was increased $5,000,000 to
dent, J. D. Farrell; Treasurer, John Kean; Secretary, H. H. Durand, $30,000,000 for exploitation of natural gas, extensions and improve
Executive Committee: Henry W . Cannon, E. H. Harriman, Daniel 8. ments, of which $3,750,000 was allotted to stockholders at par. raising
Lamont. T. Jefferson Coolidge, Jr., and Grant B. Schley.— 68. D. the outstanding amount to $28,668,800.—(V. 67, p. 1111.)
V.
®
525; V. 69, p.853, 1059, 1065.
DlVS.—> *89. *90. *91 *92.
*93. *94. *95. *96. *97. to May’O
O
P a c ific M a ll S team sh ip .—An agreement mad&with the Panama Per cent. 5 4
3
3 S’* 4 *2(1 *ssc.) 6 2*« 1*«
6 yearly.
In 1900—February, 1*« p. c.; May, l*sp. c.
RR. in December,1895, for 3 years covers joint traffic between N.Y. and
Central America and Mexico and the U. S. coast. -*(V. 63, p. 78.)
B onds , E tc .—Of the $40,000,000 issue of 1897 $26,546,000 bonds
D iv id e n d s .—No dividends from 1887 until Dec., 1896, when 1 p. c. were reserved to retire prior bonds shown in table above, and can be
was paid; in ’97, 2 p.o.; in *98,2*«p.0.5 in '99, June, 1*2 p.o.; Dec.,l*2 p.c. issued bearing less than 5 per cent interest. The balance may be
The company proposes for a time to invest surplus earnings in new issued for additional property, improvements or betterments, but in no
vessels and improvements and suspend dividends for the present.— case to an amount exceeding the cost of the same.—V. 05, p. 572.
V. 70. p. 331.
L ate st Earnings .—Sales of manufactured gas to private consumers
L ate st E arn s .—1 mo., >1900...Gross, $1,644,541; net, . $406,522 for flrstquarter of year: In 1900, $1,780,736; in 1899, $1,515,211: in
,
\
May 1 to May 31.
j 1899.. Gross, 1,519,190; net,
404,418 1898, $1,438,227.—V. 70, p. 948.
M ISCELLANEOUS
J u l y , 1900 |
MISCELLANEOUS.
For explanation of column headings, Ac., see notes on
first page of tables.
People's Gas L ig h ts O ok e- ( Chicago > Concluded—
—
Illinois L. H. & Power 1st mortgage....... .................... c
Lake Gas & Light 1st mortgage, gold.
...... - - - IC
P. G. L. & C.—Refunding M., $40,000,000, g. F ...... o*&r
Mutual Fuel Gas 1st mort., $5,000,000, gold, assumed.
Hyde Park Gas, 1st mortgage, assumed......... ....... ... . .
Calumet Gas Co.lst mortgage, assumed........................
Ogden Gas Co., 1st M.. $6,000,000, gold, to be guar.F.
Philadelphia Electric—Stock, $2 50 per share paid..........
Phila. Elec. Trust Ctfs., gold, $17,500,000 (see te x t)...
Edison Elec. Trust Certificates, g. (Edison stock as coll.)
Old Phila. Elec. Tr. Ctfs. (Penn. H. L. & P. stock as col.)
Pressed Steel Oar Co.-Stock, common, $12,500,000......
Pref. stock (as to assets), 7 p.c.,non-cum., $12,500,000
Procter A Gamble.—Common stock...... ........................ —
Pref. stock (8 p.e., cum.). See terms in ed. May,’93, Sup .
1st M., g., to be called at 110 on Jan. -1,1901......... ..c*
Pullman Com pany —Stock, $ 7 4 ,0 0 0 ,0 0 0 .......................
Quicksilver M ining —Preferred stock,7 p. c., not c u m .....
R epublic Iron A Steel—Common stock, $30,000,000......
Preferred, 7 per cent, cumulative, $25,000,000. .......
R oyal B akin g Powder—Common stock, $10,000,000......
Preferred stock, $10,000,000, 6 per cent, cumulative..
R ubber Goods M anufacturing— Vom. stock, $25,000,000.
Pref. stock, 7 per cent cum., $25,000,000.....................
STOCKS A N D
INT EREST (
Date Size, or Amount
of
Par Outstanding Rate per When )'
Cent. Payable
Bonds Value.
1885 $1,000
1885 1,000
1897 1,000
1897 1,000
1884 500 &o
1,000
1900
1899
1896
1898
1890
25
lOO&c.
1,000
100
100
100
100
1,000
100
100
100
100
100
10Ô
100
100
E arnings.—Report for year ending Dec. 31,1899, in V. 70, p. 326:
___ 1899. _
1898._
_
Manufactured gas sold, cubic fe e t....... .6,879,419,985 6,114,587,380
5,374,846
Bales of manuf’d gas to private users....
623,164
Sales of manufactured gas to the c ity ....
1,141,996
Bales of natural gas..................................
125,520
Other income...........................................
$7,265,526
Gross income....................................
$8,096,320
TEARS ENDING DEO. 31.
$4,283,282
$3,470,225
Net over operating expenses...........
1,857,300
1,842,300
Interest on bonds..................................
464,409
Depreciation..........................................
$1,627,925
$1,961,573
Balance for stock.................... .........
COMBINED BALANCE SHEET DEC. 31, 1899.
Capital stock... $30,000,000
Beal estate, franchise,
tunnels, mains, etc. .$65,420,561 Mortgage bonds. 34,496,000
355,990
M aterials.................. :
467;657 Coupons.........
348,386
S e c u r i t ie s ____ *1,475,956 Accounts payable.....
Dep. security for gas..
77,820
Accounts receivable..
200,756
217,858
Gas bills receivable...
889,642 Bond in te re s t...........
Profit and loss........... 3,649,574
City of Chicago...........
140,423
550,634
Cash..........................
$69,145,629
$69,145,629
♦Includes miscellaneous bonds, $114,528; Green Street property;
$30,227; 13,312 shares of capital stock of People’s Gas Light & Coke.
O fficers .—President, C. K. G. Billings; V.-P., A N. Brady, 2d V.-P.»
Walton Ferguson; 3d V.-P., C. K. Wooster; Treas., W. 8. McCrea; Sec.*
L. A. Wiley. Office. 54 W all Street, N. Y.—V. 70, p. 948; V. 71, p. 33.
P h ila d e lp h ia C o m p an y.—See Pittsburg, in Street B y . Sup.
P h ila d e lp h ia E le c tric C o .—Organization .—Incorporated in
New Jersey on Oct. 6,1899. and acquired the Pennsylvania Manuf’g,
Light & Power Co. (< ontroling the Penn. Heat, Light & Power Co.—
see Supplement of J*n., 1898), and the National Electric Co. Controls
nearly all of the electric-light properties of the city; aleo plants in West
Philadelphia and Chester, adjacent to Philadelphia.
Stock .—Authorized, $25,000,000; 10 per cent paid in.
B onds.—Collateral trust 4 per cent gold fifty-year certificates, dated
Oct, 16. 1899. amounting to $17,500,000 have been authorized, of
which $15,050,000 were used to purchase so far as might be the
$15,o00,0o0 Penn. M’f’g. L. & P. stock ($1,500.000 paid in) and the
$17,500.000 Nat. Elec, stock ($4,375 000 paid in), the balance to be
retained to acquire other electric properties in Philadelphia and ad
jacent counties. See V, 69, p. 797, and official circular, p. 853. In
Feb., 1900, about $2,000,000 old Phila. eleotrio certificates had been
purchased, reducing the amount outstanding to about $11,200,000.—
V . 70, p. 331.
E arnings.—Net income Penn. Mfg. Co. for cal. year 1899, $1.121,'
£50; of NaF. Elec. Co. for year ending June 30. 1900, (3 mos. estr
mated), $218,497; total profits, $1,340,147; int. on trust certs., $1,163,*
650; bal. for Phila. Eieo. Co. (equal to about 7 p. c. on $2,500,000
stock paid in), $)7 ,497.
President, Joseph B. McCall; Vice-Pres., W illiam F. H arrity; Secy ,
A. V. R. Coe; Treas., Wm. P. Conover, Jr. Office, N. E. cor. 10th and
Sansom Sts., Philadelphia, Pa. V. 70, p. 283, 331.798, 949.
P ills b u ry -W a s h b u rn F lo u r M ills Co.—(V. 70, p. 229,1000 )
P itts b u rg C oal Co.—P la n te rs ’ Com press Co.—See page 173.
P . L o r llla rd C om p an y.—Incorporated in New Jersey in 1891.
In 1899, all com. stock acquired byContinental Tob. Co.—V. 68, p 377.
In May, 1900, over two-tnirds of the $2,000,000 preferred stock ex
changed their stock at par for 5-year 7 per cent Continental Tobaoco
gold debentures. V. 70, p. 331, 1052.
P o s ta l T e le g ra p h C able.—See Commercial Cable Co .
P r e s s e d S t e e l * 'a r C o . — O r g a n i z a t i o n .— Incorporated i n New
Jersey on Jan. 13, 1899, as a consolidation of the Fox Pressed Steel
Equipment Co. of Joliet, 111., and Schoen Pressed Steel Co. of Pittsburg.
Prospectus in V. 68, p. 188. 131. Capacity of the works about 100
ears a day of largest size.— 69, p. 745; V. 70, p. 1000.
V.
Stock ,—Common, $12,500,000; pref., 7 p.c.
D i v i d e n d s .— On pref : to Jan., 1900.1% p.
non-cum., $12,500,000.
c. paid quar. (7 per an.)
Dividend period changed to Q.-F.; in May, 1900,1% p. o. On common,
6 p. c. declared for year 1899, payable quarterly, first dividend l 1
«
p. o. being paid Feb. 9, 1900; l 1 p. c. May 21,1900; l 1 p. e., Aug. 20.
«
«
R epo rt .—Statement for year ending Deo. 31,1899, in V. 70, p. 124,
showed gross earnings $13,965,000; net. $2,237,000; div., 7 p. o. on
pref , $875,000; 6 p. o. on com., $750,000; surplus for working capi
tal, $612,000. President. Chas. T. Schoen. N. Y. Office, 71 Broadway;
V. 70, p. 86,124,1000, 1099.
P ro c te r & G am ble Co.—Formed in 1890 under laws of New
Jersey to carry on the soap, candle, oils and glycerine business of
Procter & Gamble. The mortgage covers about 67 acres of land ad
joining the city of Cincinnati, together with 36 factory buildings. In
Oct.; 1899, the stockholder-authorized the refunding at 4 per cent
interest of the $2,000,000 6s, which were called for payment on Jan.
1,1901. V. 69, p.797.
DIVIDENDS.......>1891. 1892 to 1897 incl.
’ 98.
’ 99.
1900.
On common.. .. 5 8
12 per cent.
20
2 0 inc. Aug ,16,
On pref. in fu ll to July, 1900, incl. Office, Cincinnati. V. 70, p. 1294.
(T h e) P u llm a n Co.—On Jan. 1,1900, the Wagner Palace Car Co.
sold its assets to The Pullman Company, representatives of the Van
$500,000
300,000
2.500,000
5,000,000
200,000
250,000
6,000,000
25,000,000
15,050,000
1,994,300
11,233,000
12,500,000
12,500,000
2,250,000
2,250,000
2,000,000
74,000,000
4,291,300
27,352,000
20,852,000
10,000,000
10,000,000
15,134,600
7,621,300
7
6
5
6
6
6
5
169
BONDS
Bonds—Prinoi•
Whom.
. i. . .
g. J. * J.
New York.
g. M. * S.
g. M. & N. __ , Cent. Tr. & Chic.
M. * S. First Nat. Bk., Chicago.
g. J. & J. Chicago Eq. Trust Co.
g. M. & N. N. Yi, Farm. L. & Tr. Co
4 g. A. & O.
5 g.
5 g. A. * O.
See text
6
See text
7
20 in ’99 F&A, is
8 in 1899 Q .-J .
6 g. J. & J.
61 in ’tf9 Q .-F .
«
pal,When Due.
Stocks—Last
Dividend.
Nov. 1,
July 1,
Sept. 1,
Nov. 1,
Sept. 1,
July 1,
May 1,
1915
1915
1947
1947
1904
1917
1940
Oct., 1949
Philadelphia.
Philadelphia.
Aft. Apr.,1946
LandTit. &Tr.Co. ;Phila. Apr. 1, 1948
(Tradesmen’s Build-> Aug,20,’00,11«
) ing, Pittsburg, Pa. ( May 28,’00,1 %
Cincinnati, O.,Co. Office. Aug.15,’00,6%
! do
do
July 14,’00,2%
N.Y., Mercantile Nat.Bk Jan. 1, 1901
N. Y., Farm. L. & Tr. Co, Aug,15.’00,2%
N .Y ., Of., 20 Nassau St, July 16’00,i«%
Q.—J • General Office, Chicago July 2, ’00,1%
See text. Q.—J.
See text. Q,—J.15
See text. Q.-M.15
Cheoks mailed.
Checks mailed,
do
do
June 30’0 0 ,li*
July 16,’00,1%
June 15’00,1%
derbilts entering the board of directors of the latter company, th«
capital stock being increased from $54,000,000 to $74,000,000, to
retire the Wagner Company’s $20,000,000 stock, the name also being
changed from Pullman’s Palace Car Co. to Pullman Co. See V. 69, p.
854; V. 70, p. 40. Dividend, reduced to 6 p. o. yearly in 1898, was re
stored to 8 p. o. in Nov., 1899.—V. 69, p. 909,1197.
CASH D ividends .— > 1877-80. 1881-83. 1884-98.1899.
1900.
Since 1877—P. ct. s8 yearly. 91 yearly. 8 yearly. 6*« Inol.Aug.,6
«
An extra cash dividend of 20 per cent paid Aug. 15,1898, and stock
increased in Nov., 1898, by $18,000,000, In order to distribute surplus
assets-V. 67, p. 75, 789, 840, 902.
R eport .—Report for 1898-99 was in V. 69, p. 905.
Year 8 ending J u ly 31.
1899.
1898.
1897.
Earnings from cars ................$ 9 ,7 4 8 ,5 7 6 $8,598,837 $7,743,344
Patent royalties,manuf.profits,&o. 1,730,353 2,076,031 1,231,544
$8,974,888
Total revenue..............$11,478,929v
$10,674,868
Operating expenses...... ................$4,559,808 $3,776,314 $3,511,868
812,169
Paid other sleeping-car associati’ns
693,716
831,634
780,390
793,036
Other expenses....................
Dividends on Capital stock.. 3,149,550
2,880,000 2,880,000
Net surplus for year...............$ 2 ,2 9 5 ,4 6 5 $2,393,884 $1,770,851
Pres., Robert T. Lincoln, Chicago. N. Y ., 15 Broad St.—V.70, p. 743.
Q u ic k s ilv e r M in in g .—See Sup. of Oct., 1897, and V. 70, p. 1253.
Q u in cy M in in g .—V.70, p. 381. B R . E q u ip .—V. 69, p. 28,82.
R a ilw a y E q u ip m e n t Co. o f M in n es o ta .—V. 69. p. 17 7.
R a p id T ra n s it F e rry .—See Sup ., Oct., 1897; V. 68, p. 1134.
R e p u b lic Ir o n & Steel Co.—Organization . -Incorporated in
New Jersey on May 3,1899, to consolidate 29 plants making bar and
forge iron, being practically all the plants in theCentral ana Southern
States west and south of Pittsburg. V. 68, p. 872. Also owns five blast
furnaoes, mining properties in the Mesaba range, in the Lake Supe
rior region, extensive iron and coal lands, including those belonging
to Pioneer M inin g* Manufacturing Co. of Birmingham, Ala., and the
coke plant of the Oonnellsville Ooke Co. For list of properties merged
see prospectus, V. 68, p. 674; V. 68, p. 1227: V. 69. p. 339, 850,1151;
official statement, V. 70. p. 228. In May. 1900, sold sheet steel mills
to American Sheet Steel Co. V. 70, p. 898.
St o c k . —
Common, $30,000,000; pref. (as to assets and dividends), 7
per cent cum., $25,000,000; of which in the treasury $2,243,000
common and $3,743,000 preferred to purchase additional properties.
Estimated output of first year, 900,000 tons.—V. 68, p. 929, 1^27.
D ividends .—On pref., Oct. 1,1899, to July, 1900,7 p. c. (1% Q.-J.)
E arnings.—On Apr., 1,1900. cash and cash assets, $8,940 >62, with
no debts or bills payable except running accounts; accumulated sur
plus above ihree dividends on preferred, over $3,000,000, after mark
ing off about $500,000 for depreciation.
70, p. 1099, 8 8. Net
earnings to Jan. 1. liOO, $2.714,500; div. (3 >* p. c.) on pref., $720,069;
bal., sur., $1,994,431. V. 70, p. 234.
D irectors .—August Belmont, Myron C. Wick, Grant B. Schley,
Randolph S. Warner, George R. Sheldon. J. G. Caldwell, G- Watson
Frenoh, Alexis W. Thompson, Geo. D. Wick. John F. Taylor, Harry
Rubens, T A. Meysenburg, L. E. Cochran, J. C. Corns, W. H . Hassinger,
P. L. Kimberly, G. M. Bard, S. Thomas, S. J. Llewellyn, G. M. Clark.
Officers .—President, Randolph S. Warner; Secretary, William B.
Ridgely; Treasurer, John F. Taylor. Main office, Stock Exchange
Bldg.; Chicago.—V. 70, p. 2 2 8 , 234. 897, 1099.
R h o d e Is la n d P e rk in s H o rsesh o e.—See page 173.
R ik e r E le c tric V e h ic le .—See S u p p . for July, 1899.
R o y a l B a k in g P o n d e r C o,—Organization .—Incorporated in
Feb., 1899, under the laws of New Jersey, and merged Cleveland Bak.
ing Powder Co., Royal Baking Powder Co., New Yoik Tartar Co.,
Tartar Chemical Co. and Price Baking Powder Co.
D ividends . - On pref., to July, 1900, incl. 6 p. o. per an.—l 1 Q.-J.
«
Pres., J. B. Rose; Vice-Pres., A. H. Porter, Jr.; Treas., John M orris;
Sec., W. L. Garey. Office, 100 W illiam St., New York.—V. 69, p. 181.
R u b b e r Goods M a n u fa c tu rin g Co.—Organization .—Incor
porated in New Jersey on Jan 26,1899, and acquired 99% per cent of
the stock of the Mechanical Rubber Co., 75 per cent of the stock of
Morgan & Wright, Chicago, 111.; the entire capital stocks of the Peer
less Rubber Mfg. Co. of New York and of the India Rubber Co. of
Akron, O., together with $1,427,820 cash; and later in 1899 the entire
stocks of Sawyer Belting Co , Hartford Rubber Works Co., Indian
apolis Rubber Co. and Peoria Rubber & Mfg. Co. V. 68, p. 189. See
official statement in V. 68, p. 872. V. 68, p. 774. in Feb., 1900, ar
ranged to acquire the capital stock of the Am. Dunlop Tire Co.
Stock . - Stock authorized, common, $25,000,000; pref., 7 per cent
cum., $25,000,000; par $100. Outstanding, common, $15,134,600;
pref., $7,621,300. Dividends on pref., June, 1899, to June, 1900, 7
p. o. per annum (Q.-J. 15). On common, 1 p. c. paid July 16, 1900; V.
70, p. 1099.
E arnings.—First report from Jan. 26,1899. to Feb. 10,1900, in V.
70, p. 327, showed: Net income, $798,438; dividends on preferred (5%
p, c.), $340,770; bal. for common stock, $457,668.
Officers .—Charles R. Flin t, Chairman of the Executive Committee;
Charles Stewart Smith, President; Ulysses D. Eddy, Vice-President;
Wallace B. Flint, Treasurer, and W. A. Towner, Sec. and Assist, Treas.;
W. M. Ivins, Gen. Counsel. Gen. office, New Brunswick, N, J. New
York.carelvins, Kidder & Melcher, 27 W illiam St.—V. 70, p. 631,1099.
166
INVESTORS’ *' SUPPLEMENT.
[y o u Lxxi.
Bonds—P rii oiMISCELLANEOUS.
INTEREST OR DIVIDENDS.
Date Size, or
pal,When Due.
Amount
Par
For explanation of oolumn headings, &e., see notes on of
When
Outstanding Rate per Payable Where payable and by Stocks—Last
Bonds Value.
first page of tables.
Cent.
Whom.
Dividend.
Bt. L o u is Ter. Oupples S ta .d P .—ls t M . g.,red.l02aft.’02.o* 1897 $500&c. $3,000,000
4 M g. J. & D. New York and London. June 1, 1917
s
Shelby Steel Tube—Commonstock, $9,OOO,<00..............
8*150,000
Preferred stock, $6,000,000, 7 per cent cumulative....
5.000.
000 text. Q .-F .
See
May 15,’00,1?*
Slosa-Sheffield Steel dt Ir o n —Common stock. $10,000 000.
7.500 000
Preferred stook, 7 per cent, non-cam., $10,000*000.-..
6.700.000 See text. Q.—J. N. Y. Guaranty Tr. Co. July 3 ,’00,1?*
Underlying bonds—See text...........................................
4.000.
000 & 6
4M;
50
Southern Oolton Oil—Stook............... ..................... ..........
2.000.
000 1899 J. & D. From Camden— oh’ck J’ne 15,’00,4%
by
6 in
50
South Yuba Water Oo.—1st mortgage bonds................... . 1890
466.000
6
A. & O. N.Y., Holland Trust. Apr. 1, 1910
Consol, mortgage, gold, $1,500,000..............:................ 1893 1,000
54 »,000
6 g. J. * J. N. Y. Farm. L. & Tr. Co. July 1, 1923
100 97,500,000 See text. Q.—M. N. Y'., 26 Broadway. J’ne 15,’00,10
Standard Oil—Stock, $100,000,000......... ...... ...........
1,000
Stand. Rope dt Twine —lstM .,g .,s . f., to call at 105.M a.c* 1896
2.878.000
F. & A. N.Y., Manhattan Trust. Aug. 1, 1946
ConsoL M.,non-cum., Incomes, g., to call at par...Ce.c* 1896 1,000
5 8”
7.500.000
Aug. 1, 1946
1,000
Susqueh’ na Goal.— 1st M.,gu. p. & i., s,f. not sub. tocall.c
1.495.000
Jan., 1911
6
J. & J. Phila. Co.’s Office.
100 20,000,000 7 in 1899 Q J.
Swift dt Oo.—Stook, $20,000,000..................... .................
July 2 ,’00,1%
1st M., $5,000,000, gold, subj. to call after July, 1910. 1900
5,000,000
5 g. J. & J. N.Y., N.Bk.of R ep.* Ch. July 1. 1914
100 22,553,600
Penn. Goal I. dtRR. Oo.—Stook ($248,000is 8% cum. pref.)
See text.
Q .-F . N. Y., Hanover Bank,
Consolidated mortgage................... .. : . . . . . .. ................ 1881 1,000
5,000
Nov. 1, 1901
do
do
6
M. & N.
South Pittsburg Purchase, 1st mortgage ....................... 1882 1,000
120.000
Feb. 1, 1902
F. & A.
do
do
6
P ratt Coal & Iron Co., Ala., 1st M., s. f., not drawn....o* 1883 1,000
612,000
Nov. 1, 1903
M. & N.
do
do
7
Birmingham. Ala., Div., con. M .,g., s. f. 1%, not d’rn..c* 1887 1,000
3.632.000
Jan. 1, 1917
6 g. J. & J.
do
do
Tennessee Div. bds, gold, s.f. 1*2 % yearly, not dr’n .. .c" 1887 1,000
Jan. 1, 1917
do
do
1.251.000
6 g. A. & O.
De Bard. M., g., assum., s. f., $30,000 y’ly, not dr’n.c’1 1890 500 &0. 2.741.500
Feb. 1, 1910
F. & A.
do
do
Ala. Steel & Shipbuilding, pref. 6 p. c. cum., guar........
July 2 ,’00, 3%
440.000
do
do
Ji & J.
1st mortgage, guaranteed, gold.M a . . . .. . . . ..... .......... 1898 i',ôbô
July 1, 1928
1.100.000
do
do
6 g . J. & J.
Cahaba 1st M., $1,100,000 gold, gu., s. f., red. at 110.. o* 1892 1,000
Dee. 1, 1922
950.000
do
do
6 g. J. & D.
Union Raff dt Paper—Stock, common, $16,000,000 ......
100 ] 16,000,000
100 11,000,000
Preferred stock 7 per cent, cumulative, $11,000,000-.
N. Y ., First Nat’l Bank. J’ne30,’00,13*
7
Q.-^J.
s h elb y ste el T u b e < a ,—Organization .—I ncorporated in New1 4,000 cars; Swift Live Stock Transportation Co., National Mfg. Co.
Jersey on Feb. 8,1900. to take over the Shelby Tube Oo. of Pennsyl Car Line, operating double decked hog oars. On May 18,1900, pur
vania and most of the other principal manufacturers of hollow seamr chased the Chicago plant of the Chicago Packing & Provision Co.
less steel tubing in the U. $.. being ‘ practically a reorganization and
Stock and B onds.—Stock was increased in Jan., 1899, from $15,enlargement of the old Shelby 1ube C o." See list in prospectus. V. 70, 000,000to $20,000,000.
1889; ’89 to
inch,
p. 331, 949. Capacity of old Shelby Tube Co., 57.000,000 feet; of pres ’95 to July, »98, lncl., 6 p.Dividends sinoeJuly, 1900. 7’94,c; The8 p Jo.;
o.; Oct.* ’98 to
stock
ent -company, about 100.000,000 feet. As to alliance with American holders voted May 31, to issue $5,000,000 bonds. The p.
$2,500,000 out
Bicycle Co., see V. 6 9 ,p. 286; V. 68, p. 1026,1183.
standing 6s* due July 1,1910, were called for payment July 1,1900,
St o c k .—Authorized, commbn, $9,000,000; preferred, 7 per oent and paid from the proceeds of the new bonds. V, 70, p. 898,1000,1151.
cum., *6,000.000; present issued, common, $8.150,000; preferred,
eport.—Report for 1899, with balance sheet,
$5.000,000. No bonds. Earnings of old Shelby Tube Co. from Aug. 1. V.R70, p. 174, showing: Sales (over), $160,000,000, was in Chronicle
against $150,000,,
1894, to Aug. 1, 1899, were stated as $1,786,674, an average of 000in 1898* and $121,598,670 in 1897. President, G. F..Swift; Treas.$357,334 yearly. First quarterly dividend on preferred, 1% per cent,
L. A. Carton; Secretary, D. E. Hartwell.—V. 70, p. 174,1053,1151.
paid May 15,1900.—V. 70, p. 949.
T a m a ra c k m in in g : Co.—V. 68, p. 495; V. 70* p. 5 82,1099.
Officers .—Pres., W. E. Miller; Treas.,W. S. Miller; Sec., H .H . CockTennessee C oal Ir o n Sc R a ilro a d C o m p an y.— rganization .
-O
ley. V. 70. p. 331. Headquarters, Cleveland. O. V. 70, p. 331, 949.
—
Owns blast furnaces, coal mines,
in
Silver B u llio n Certificates.—See Supplement of Jan., 1898. , nessee and Alabama.—V. 55, p. 60, iron mines, foundries, *©., De Ten
463. Amalgamation with
BarS ioss-S lieffleld steel Sc Ir o n Co.—Organization .—Incorpor deleben Company was consummated in 1892. V, 63, p. 31.
ated in New Jersey and in Nov.,- 1899, acquired several prop
On July 1 , 1899, purchased for $850 000 the Sheffield (Ala.)
erties or shares of stock representing the same. See prospectus, Coal, Iron & steel Co., including three furnaces, etc., and on July 5,
V. 69, p 286; V. 70, p. 1099. Stock, $2,500,000 common and *3,300,- 1899. the Ensley Land Co., owning 75,000 acres of land. W ith these
000 preferred was reserved for the erection of a steel plant and future acquisitions included, the Tenn. Coal, Iron & RR. Oo. is the owner of
requirements. See application to list, V. 70, p 164, showing proper 20 lPon furnaces (several not in operation) of a total capacity of about
ties acquired, rights of preferred shares, balance sheet, etc. Sloss 850,000tons of iron annually, and also of coal and iron lands aggre
Iron & Steel Co. was taken over subject t< $2,000,0001st 6s, due 1917; gating 450,000 acres.—V, 69, p. 82 ; V. 68, p. 1227; V. 70. p. 588.
also $2,000,000 general 4<«s, subject to call at par.
On Nov. 3 0 ,1$99, the Alabama Steel & Shipbuilding Co. plant Was
First quar* erly dividend on preferred, 14» p. c„ paid April, 1900; opened at Ensley City , The plant w ill have ten open hearth furnaoes
July, lV p .e . Net profits for first 6 mos. ending May 61,1900, $741,- of 50 tons each and a capacity of 1,000 tons of steel billets and slabs
883; int. on bonds, taxes and other expenses. $116,695; div. on pref., daily, and w ill be leased to the Tenn. Coal Iron & RR. Co., which
3 p. c., $228,000; bal., after charging off customary depreciation, guarantees its $1,100,000 6 per cent bonds, and $440.000 6 per
ef©., $397,188. V. 70, p.534. Pres,, 8. Haas; Seo. & Treas., J. H ,M c oent preferred stock. V. 70, p. 591, A ra il m ill w ill be àddèd,
Queen, Birmingham, Ala. -V . 70. p. 1000,1099,1200,1203»
for wniph in November, 1899, contracts had been let. The $50,000
. S afety C ar H e a t, & L .—S ing er New H a c h , M fg .—See page common stook, all owned by the Tenn. C. I. & RR. Co.,carries control
173
r
; of stock.—V. 66,d . 1002,1235; V. 67, p. 127,801; V. 70, p. 1196.
On May 26,1899. sold Birmingham South’n RR.—V. 68, p. 774,1078.
S o u th ern C o tto n O il*—See Sup. of Jan., 1898; also V. 70, p. 1248.
D ividends
in 1887,1 per
1900, May, 2 p.
S o u th ern ' Sc A tla n tic T e le g ra p h .—Leased to Western Union Aug, 2 p. c. .—On common 1889 to 1893, 8 cent; in annum; on May c.; •
On preferred*
p. o. per
1.
(which owns $390,475 of stock) and stook guaranteed by rental 5 p. ci.
1900, 54 p, o.; Aug. 1, 2 p. o.
è'î*«<r3iîg.*j
S o u th . N ew E n g la n d T e lep h o n e;—V. 70, p, 381,1099,1203.
Stock.—The stockholders voted on March 14, 1900, to increase the
S o uth Y u b a W a te r C o.—See Supplement of January, 1898.
common stock from $20,000,000 to $23,000,000. Of . the . #3,000,< 00
S ta n d a rd O il.—Organization .—This New Jersey corporation suc •new stock, $1,800,000 to he used to retiré the $1,000,000 of 8 per
ceeded in Jiine, 1899, to the Standard Oil properties, held by liquidat cent preferred stock and 54 per oent accumulated dividends and me
ing trustees. See St/ppi ,ement for April, 1899, and V, 68, remaining $1,200,000 was sold at par to the stockholders to pay for
"V.
,p. 1227; V. 69, p, ,28. Controls petroleum oil refineries in all the prin three Sheffield furnaces, improvements, etc. — 70, p. 382,483,589.
cipal Northern cities of the United States, and produces about 65 per
B onds.—The two issues, known as the Birm ingham D ivision and
cent of the country’s total output of refined oil; also controls oil wells the Tennessee D ivision bonds, are each a lien on their own property,
in Pennsylvania, Ohio and West Virginia, and has pipe lines for trans as described in the mortgage, and a second liën on the property of
mitting its oil to tidewater, Properties. V. 66, p. 1239; V. 69, p. 745. thé other division,1 The total authorized issue of the Birmingham
In April, 1900, surplus was over $35,000,000, V. 70, p. 850.
Div. loan is $5,000,000 (of which $540,000 bonds have been cremated]
and $638,000 remain in trust to secure $628,000 Pratt Coal * Iron
r St o c k .—Common, $100,000,000; $10,000,000 preferred canceled.
bonds; and of the Tenn. Div., $1,400,000, of which $149,000 are in the
D ividends — 1891-95.
1896. 1897. 1898. 1899.
1900.
sinking fund. The D e Bardeleben mortgage is for $3,000,000,
P e r c e n t ...... »...1 2 a year.
31
33
30
33 Inch June, 30. $258,500 canceled by sinking fund. V. 68, p. 725. See V*. 56,of which
p. 604.
Dividends in 1899, March, 6 p. c.; June, 12 p. o ; Sept., 5 p. c.. Deo.'
E arnings,—Jan. 1 to June 30 in 1900, net, $1,790,099, against
10 p. c ; in 1900, March, 20 p. o.—V. 70, p. 283.
’
$509,862 in 1899; charges. $328,661, against $279,378; balance, sur.,
Officers .—President, J. D. Rockefeller ; Treasurer, W. H , Tilford: $1,461,438, against $230,484.
Secretary, C. M. Pratt. Office, 26 Broadway, N. Y.
R eport .—Report for 1899, at length in V» 70, p. 581, 588, showing
D irectors .—J. D. Rockefeller, W illiam Rockefeller, H. M. Flagler. output: Coal, 4,151,496 tons; coke, 1,182,286 tons; pig iron, 651,145.
1899.
1898.
1897.
1896.
J. D. Archbold, H .H . Rogers. W. H .Tilford, C» M. Pratt, O. H. Payne, Year end. Dec. 31—
$868,383 $623,823 $692,333
Paul Babcock, O. W. Harkness, T. C. Bushnell, A. M. McGregor and lo t. netprofits........$1 ,8 65 ,7 05
577,832
616,434
649,830
660,084
Tnt. on bondé, * 0 ........
F. Q. Barstow.—V. 69, p. 28,745,1016 ; V. 70, p. 283, 538, 850.
76,962
26,974
13,928
1,186
S ta n d a rd R o p e * T w in e Co.—Incorporated Nov. 8,1896, under Bad debts, * o ........
laws of New Jersey. Successor after foreclosure of the United States
Balance for ye ar...st.$l,210,911 sr.$224,975 df.$39,935 sr.$31,063
Oordage Company, reorganized: per plan in V. 60, p. 1012. Union
Selling Co. aots as selling agent.—V. 67, p. 484; V. 69, p. 644.
DiRECTORs(Mar.*’00)—CoTd Meyer, James T.Woodward, W. S. Gurnee,
Stock and B onds.—Capital stook is $12,000,000 (par $100). The Jr., B. F. Tracy, O. H. Payne, E. R. Chapman, James H. Smith, W il
liam Barbour, D. J. McComb, A. B. Boardman, F. S. Witfaerbee, B. Y.
first mortgage is for $3,000,000, yearly sinking fund 1 per cent of
bonds outstanding; firsts purchased for sinking fund and canceled to Frost and Henry S. Manning, pf New York; A. M. Shook and N. Bax
H. Benedict, of
July 31,1899, $122,000. The consols are non-oumulative incomes, and ter, Jr., of Nashville; J. Bowron, of Birmingham; F. F. Fletcher, Jr.;
N.
Secretary, John
entitled to one vote for each $100 of bonds. See properties V. 63 p New York; President,Jas.Baxter, Jr.;Birmingham, Ala. N. Y. office, 80
V. P. and Treasurer,
Bowron,
R eport .—Year ends July 31. Statement for 1898-9 in V. 69, p 644 Broadway.—V, 70, p. 581, 587, 588,743,1196; V. 71, p. 37.
T i d e w a t e r S teel C o .—Y. 68, p. 826,1136; V. 69, p. 133, 554.
showed: Current assets July 31, 1899. were $3,447,030: current
liabilities, $1,827,931. Previous reports showed:
T e r m in a l R R . A s s o c ia t io n o f St. L o u i s . —See R ailroads .
Proceeds o f
Net fr o m
Other
Charges, .
_
Balance,
T exa s Sc P a c ific C oal Co.—See Supplement of Jan., 1898.
Year, sales.
. over.
incom e.
etc.
f o r year.
1897-8.$3,100,118
$473,428
......
T exas P a c ific L a n d T ru s t.—See Supp . of Apr., 1897, page 154.
$239,865 sur.$223,563
1896-7. 3,542,353 def.169,710 $96,376
264.212 def.167,836
T re n to n Oas Sc E le c tric .—See page 173.
President, Thomas Russell; VicePresh, Alfred R. Turner J r;
T re n to n P o tte rie s Co.—Stock, $3,000,000, Sup. A p ril,’97. Div.
Treas. and See., Joseph G. Taylor, 14-20 State St., N. Y. Directors- on pref.. 2p. c., paid April 10,1900; last previous June 11,1894; July
Thomas Russell, W illiam Barbour. W. R. Potts, Sumner R. Stone* 10, 1900, 2 p. c.—V. 70, p. 592.
John Kean, A. R. Turner, Jr.; J. W illiam Clark John N. Kennev J
T ro w D ire c t. P r in t. Sc R ’k b ln d .—V. 67,p. 952; V. 69, p.1060.
C. R e iff.-(V . 67, p. 484,840; V. 69, p. 3*9, 644; V. 70, p, 949.)
U n io n R ag * P a p
New;
S u sq uehann a Ir o n Sc Steel Co.—Stock, $1,500,000; par of Jersey on Feb. 27,1899,-r Co.—Or g a n iz a t io n .—Incorporated Inpaper
as a consolidation of over 90 p, o. of the
shares, $5, full paid. Quarterly dividend 6 per cent, 30 cents Der
share, paid Oct. 16,1899; Dec. 30,1899, 6 p. o.; 1900, April, 3 p e.- bag business of country. V. 68, p. 430; V. 69, p. 182. For assets and
July 16, 3 p. c.; Statement for 9 months ending March 31. 1900 V 7o’ list of properties see prospectus, V. 68, p. 333. Stock, common,
p. 798.—V. 69, p. 1197; V. 70, p. 234, 587, 798?
’ $16 000,000; 7 per oent cum. pref. (as to assets and dividends), $11,000,000: par of each, $ 00, all outstanding. See V. 68, p. 675, as to
S w ift Sc Co.—Or g a n iz a tio n .—Incorporated in Illinois April 1 rights of stock, etc. Statement for year ending Mar. 1, 1900, with
1885. Has packing plants at Union Stock Yards, Chicago; at South balance sheet, was in, V. 70, p. 840, showing net earnings, $1,494,169;
Omaha, Kansas City, East St. Louis, South 4t. Joseph and South bt dividend on pref. (7 p. o.>, $72 <,169; balance, surplus, $724,169.
Paul and branch houses for distribution of its goods in nearly every
D ividends .—On pref., Ju ly,’99, to July, 1900, 7 peran. (I?» quar.)
large city in the Union. V. 68, p. 87. In 1897 leased Minnesota Pack
Officers .—President, L. G. Fisher; 1st V.-P., C. A. Dean: 2d V.-P.,
ing Co. plant at St. Paul for 999 years. Allied Swift enterprises, le A. M. Perrin; 8ee. and Treasurer, Frank Washburn. General offices,
gally separate, are: Swift Refrigerator Transportation Go., owning Fisher Building, Chicago, 111.—Y. 69, p.,182; V. 70, p. 632, 840.
sg
-
JULY, 1900.]
MISCELLANEOUS
STOCKS AN O
BONDS,
ta r
,Bonds—Princi
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
pal,^When Due.
Date Size, or Amount
When Where payable and by Stocks—L o o t
Rate per
Par
For explanation of column- headings, &c., see notes on of
, whom.
Dividend.
Bonds Value. Outstanding Cent. Payable
first page of tables.
July 2, ’00, J«
Co. office, Brooklyn.
3.000. 000 3 in 1899 Q.—J
100
Union Ferry —Stock...........
M. & N. N. Y., 30 Broad Street. Nov. 1, 1920
1890 100, &c. 2 ,200,000
1st M., gold, red. at 110 after Nov. 1 .1 8 9 5 ........... .
J.15 Philadelphia, Office. July 14,’00,2%
!*• ,.—
50 See text.
'U nited Oas Improvement Co—Stock, $22,500,000......... .
, & J. Phila., F irst Nat. Bank. July 1, 1902
6
1.000.000
500
Debenture bonds, (currency)...........
July 14,’00,2%
Boston,
8.930,800 See text. Q .-J . i j
25
United Shoe ^axM nery —Common stock $12.500,000 ...
July 14,’00,1*8
do
9,240,875
25
6
<!•—J- iS
Preferred stock, 6 per cent, cumulative, $12,500.000 -.
12,155,447
100
U. 8 . Oast Iron Pipe <6 Foun Go.—8tk., com., $15,000,000
Q. -M . N. Y., Tho oas & Post. June i , ’00,1%
7
100 12,500,000
Preferred stock. 7 per cent, non-oum., $15,000,000 ..j
Q .-M . N..Y*, Prod. Ex. Tr. Co, June 1,’0 0 ,1 ^
7
3.750.000
100
U. S. Envelope—Pref. stock, 7 p. o., cum., $4,000,000...;
2,000,000
6 g. J. & J. Boston. Old Col. Tr. Co. Aug. 1, 1918
1st M., $2,000,000, g.. red. aft. 1908 at 104, s. f. y’rly;. 1898 1,000
»
M. & N. N. Y., Office, 49 B’way. May 15/00, l 1
100 10 , 000,000 3 in 1899
United States Express—Stock. . . .
.
.
.
.
.
8.500.000
United States Flour M illing—Stock, $5,000,000 is pref...
N.Y.,Prod.Exoh. Tr. Co. May 1, 1939
7.500.000
6 g- M. & N.
1st M., g., $15,000,000, sub. to ball at 110 a ft-10 yrs.Ce 1899 1,000
U nder P r o po sed A m ended P lan .
. .. . ab t. 11 500.000
Stock ($«,1-00 000 i- preferred, non-oum;). u ., ...........
19?0
First mortgage, geld, $5,750,000, but see page 173 .... 1900 . ... ab t. 3 489.000
1911 & 1922
New York.
2 261.000
■Underlying mortgages undisturbed.
6 g- semi-an.
None paid.
,869,800
100
United States Leather —Common stock, $64,000 0 0 0 ...Ce
*
,269,800 5 in 1899 Q.—J. Office, 26 Ferry st.N.Y. July 2, *0 0 , l 1
100
Preferred stock, cumulative, 8 p. o., $64,000,000 ....;
6 g. M. & N. N. Y., Park Bk.; Boston. May 1, 1913
,280,000
Deb. $10,000,000, g., s. f., 4 p. c,.sub. to c a lla tllO .C e. 1893 1,000
,000,000 10 in *00 J. & J. N.Y.,Office, 59 Cedar St. July 2, ’00,5%
100
United States Mortgage < Trust—Stock.. . . . . . .¿ ....— ...
£
do
dô
Jan 1, 1916
000,000
, .
. .
. f “D” gold. red. after 1901— ..o*<fcr 1896 100 &o.
4 1 J. & J.
ag,
do
do
1st mort. trust I «,E» & ««p» g,t red. after 10 yrs.o'&r 1897- 1,000
*
1917 & 1918
Various
8
,000,000
1918 & 1919
do
do
Various
bonds.
^ *< » “H ” “ V' “J” g., red.af. 5 yrs.o* 1898- 9 100 &o.
g
,000,000
4
:
Office, 9 Murray 8t.N.Y. A p r.30/00,1%
,666,000 2 in 1899
100
United States Rubber —Common ($25,000,000 authorized)
do
do
Ju ly 3 l,’00,2%
,525^500 ¡8 in 1899 Q¿.—J.
100
Preferred ($25,000,000 authorized) 8 p. o. non-oum— .
Aug. 1, 1908
do
do
000,0001
5 g F. & A
Boston Rubber Shoe Co., gold.bonds—
- — . ..... 1898 1,000
,
U n io n Depot Coj o f C oln m b n s, ♦».—The P. O. G. & St. L. owns
a half interest in this property.—V. 63, p* 117» V, 64, p. 804.
U n ion F erry.—Operates five ferry lines between New York and
Brooklyn. Capital stock is $3,000,000 ; par $100. The mortgage covers
19 ferryboats, real estate, etc. Dividends; In 1894,4 p.c.; 1895, 4; in
1896, 4; in 1897, 4; in 1898, 31«; in 1699, 3; 1900. Jan*, ki p.c.; Apr.*
1« p;c.; July, hi p. o. Pres., Julian B. Fairchild.—V, 69, p. 757,797.
U n io n Sw itch & S ig n al.—V. 69, p. 1348,; V. 70, p. 428* 636.
U n io n T ype W r ite r .—Organized in 1893., Stock is as follows : -
U nited States L ea th er.—Ineorp, Feh 25,1*93, in N, J.—V. 56, p.
757; V. 57, p. 23; V* 61, p. 114; V.70, p. 40. Manufactures sole leather.
Stock.—wording of pref. certificate is in editorial in Mayil, ’93. Sd pp .
D ividends .
1895. 1896.
1897.
1898. 1899.
1900.
Preferred, p .c .... 6
1
4
4%
5 Inol.July,4^
Overdue on preferred.: May 1,1893, to July lnOO, 32*1 p. o.
B onds.—The debentures were issued to furnish working capital.
Sinking fund 4 per cent of issue yearly, the debentures to be pur
chased or drawn at 110. Debentures for $9,653,000 have been certi
fied by the trustee, but on Deo. 3 i,.1899, only $5.280,ocO outstanding.
Class, t
Outstanding. IMvs. When Pd.
L a st D ividend. See adv. in Chronicle of May 6,1893, and application Y. 57, p. 23.
Common.. . . . . . . . . . . $ 1 0 ,0 0 0 ,0 0 0
'■ ,*.....
, ■ .................
A
1899, in V.
1st pref., 7 p. 0 ...* . 4,000,000
A. & O.
Apr; 2, ’00, 3*a% 70, nnual R eport .—Fiscal year ends Dec. 31. Report for loss surplus
p. 428, gave merely balance sheet showing profit and
2d pref;, 8 p. o......
4,015,000
A .& O .
Apr. 2, ’00, 8%
of $4,855,487 on Dec 31,1899. In 1898 surplus Was $4,027,944.
As to decision in July,1899^see V. 69, p, 82* See also V, 69, p,1305.
Officers —
President, James Horton, Middletown, N. Y.s
D ividends ,
1893. 1894. 1895. 1896. 1897.1898. 1899. 1900. Josiah T. Tubby, Brooklyn, N. Y.; Treasurer, James R. Plum, Seo’y,
N. Y.
1st preferred, p.c. 31
«
7 .
7
7
7
7
7 Apr*. 3^
City. N. Y. Office, 26 Ferry Street, (V, 70, p. 40, 332, 428.)
2d preferred, p.c. 00
6
8. -8,
88 - Apr., 8,
U n ite d States M o rtg ag e & T ru s t Co.—Chartered in 1871.
Overdue On 2d pref.—In Apr:; 1900, 2d pref., 12 p. c.—V. 69, p. 82 »
V. 7Q, p. 592. Pres , Clarence W. Seamans ; Treàs., Phineas C. LoUniy Formerly U. S. M ortgage Co,; present name assumed Feb. 23,1895.
Stock .—Capital stock is $2,000,000; par, $100. Surplus, $2,250,000;
bury; Seo., Geo. K. Gilluly. Office, Jersey City, N. J.
f
undivided profits Jan. 1, 1900, $162,903. D ividends .—In 1894, 6
U n ited E lectric Co. o f N ew je r s e y .—See page 173. «
,
p. o.; in ’95, 6; in ’96. 6; in ’97. 6; in ’98, 6^«.; in ’ -9,9; in 1900.10.
U n ited E lectric Securities C o.—V. 70, p* 898; V. 71, p. 140*
Bonds.—The series of mortgage trust bonds, $1,000,000 eaoh, are
secured by deposit with trustee of first mortgages on improved city
U n ite d F r u it.—S Opage 173*.
C
real estate c in
equal to the
(T h e ) United C as Im p ro v em e n t C o.—Organized 1882 in Penn See application 'amounts at least bonds given inbonds outstanding.
to list $5.000,000
fu ll in V. 67, p. 487;
ey] vania; reorganized in 1885., Charter is perpetual and business is
Apr. I . 1900. Resources July 1,
tne building, leasing and operating of gas works. In 1900 operated in $1,000,000, series “C ’’ were paid ondemand and time loans* $8.912,*
1900, were $25,917,546; including
Over 39 leading cities in the U. S. See list V. 70, p. lOOO, 944. Stock
other stocks and bonds, $3,348,681;
holders voted March 19,1900, to increase stock from $15,000,000 to 541; mortgages, $8,859,726;$13,153,275.
$22,500.000, the new stock being Offered to stockholders at par; pay cash, $3,911,201. Deposits,
OFFiCERs.-^President, George W. Young; Treasurer, Clark Williams;
able in^equai instalments on May 1, June I , July 1, Aug. 1 and Oct. 16,
1900, to pay for properties already acquired or about tobe purchased'. Secretary, William P. E llio tt.-V . 88, p. 189, 620, 829.
— 70, p. 87, fi 92,944. Of the new stock, $6,780,000 had in May,
V.
U n ited States O il.—V. 67, p. 1 0 0 1 . Stock, $2,500.000: par $25.
1900, been paid in.
Dividend of $1 (of which 50 cents extra) per share paid April 1, July
In April. 190o.the company acquired cOfitrol of the Bridgeport (Cohn. ) 1 and Oct. 1,1899 ; >900, Jan. 1. $1 25 (of which 50c. extra); Apr. 2,
Traction and allied street railway and gas and electric properties. 50o.; July 2, 50cts, Pres., J. S. Ricker; Sec and Treas., F. W* BatohelV.70,p. 944. In April, 1900, obtaineo practical control of the gas der,8 Congress St., Boston.—V. 7o, p. ,180, 234, 3 2 7 , 592,
and electric light business adjacent to Néw York City, including West vU n ited States P n e u m a tic H o rse C ollar.—See page 173. ,
chester County, except Long Island.—V. 70, p. 850.
U n ited States R u b b e r .—Organization and P roperty .—Or
D ividends —
-Since 1889, 8 p. c. per annum, payable quarterly. In ganized under laws of New Jersey in October, 1892, for the manufac
Jan., 1896, paid extra dividend of 15 p. 0 . in convertible scrip.
ture of rubber boots and shoes, etc. Application to N. Y. Stock Exoh.
R eport for 1899, in V. 70, p. 944, showed profits of *4,948,923. In 1892, in Y. 55,p. 1039; also see V, 56, p. 539. In 1893 five ad
President, Thomas Dolan; Secretary and Treas, Lewis L illie , Broad ditional concerns were acquired. In Sept., 1898, purchased the
& Arch Sts., Phila. Directors, V. 70, p. 1953.—(V. 70, p. 87, 538,592, stock of the Boston shoe Co. for $1,000,000 cash, $4,l25,000 pre692, 748, 799, 850, 944, 949,1000,1053, 1253; V. 71, p. 37.)
ferred and $3,500,000 commpn stock, the fhoe Co. having first issued
$5,000,000 gold bonds to its stockholders; see V. 67, p. 905 V. 66, p.
U nited L igh tin g &; H e a tin g .—V. 68, p. 333.
691,7 j8 , 802, 905. Compauies outside “trust” June, 1900; see V. 68,
U n ited Shoe M ach in ery Co.—Incorporated in Feb., 1899, in p. 5 7 4 , 675,725; V. 71,.p. 37. In 1899 sold rubber tire business to
N. J. V. 68, p 333, 430. Stock, common, $12,500,000; par, $25; Rubber Mfg. Co—V. 69, n. 1106.
"
.
outstanding, $8,930,800; pref. cum., 6 p.c., $12,500,000; par,$25; out
S t o c k .— Preferred stock has preference as to assets and earnings
standing, $9,240,875. Net earnings in 1898 of companies consoli and no bonded or mortgage debt can be created .without consent in
dated were in excess of $1,600,000. Balance sheet ¡March 31; 1900, writing of holders of three-fourths of eaoh class of stock. Common is
V. 70, p. 1194.
entitled to all surplus after eight per cent on preferred. See'wording
D ividends .—First dividend, per cent on preferred and % per cent of pref. certificate in editorial of May, 1893, Supplement .
on common, paid April 15,1899. V. 68, p* 525. On- common, July, Divs., p, ct.
1893. 1894. 1895. 1896. 1897. 1898. 1899.
l900.
1899, to July, 19Ó0, inclusive, 8 p. 0 . yearly (2 Q-J). On preferred, July,
C om m on......) 0
O ' 2^
0
2
O
2
Below.
1899, to July, 1900. inclusive, at 6 p. o.per annum, payable quarterly.
8 ‘
8Ino.July,6
Preferred .... 5 «
——8 p. 0 . yearly----- - 1F6
President, Sidney W. Winslow of Boston; Treas. and Gen. Man., Geo.
W*Brown of Boston. I l l Lincoln St., Boston, Ma'S.— 70; p. 1194. ~ Y In l897 paid on preferred in Jan., 4%; July, 2%.
V.
Dividends on common stock were resumed In July, 1899, when 1
U n ited States ' ast Ir o n P ipe & F o u n d ry €>o—Organiza- p. o. was paid. In 1900, Jan., 1 p. 0 ; Apr., 1 p c.. July dividend was
tio n .—I ncorporated in New Jersey on Mar. 3,1899, *to unite compa deferred. V. 71, p. 37. See official statement in V. 69, p. 83.
nies controlling the larger part of the cast-iron pipé business of the
A nnual R eport .—Fiscal year ends March 31. The annual state
U. S V. 68, p. 430. For list of properties see prospectus in V. 68, p. ment for year ending March 31,1900, was given in Y. 70, p. 994.
233 ; V. 69, p. 757. Dividend on preferred, 1% per cent Déc., 1899, to
1900.
1899.
1898.
June 1,1900, inclusive, 13i p. o. quarterly (7 per cent per annum).
Gross income__ . ... ..* ... $3,233,778
$3,416,381
$2,256,324
B onds.—Underlying bonds, American Pipe & Foundry Co., $1,199,- R ent,expenses,etc........ . 225,886
189,867
185,573
000 6s (int. J. & J.); Anniston mortgage bonds, $122,500. Bills and
Balance........................ $3,007,887
$3,226,514
$2,070,751
accounts payable Sept. 30,1899, $850,174,
(8)$l,b82,040 (8)$1,552,040
Earnings.—Net earnings March 13 to Nov. 30,1899, $759,386; div. Dividends on preferred. (8)$1,882,040
............
-----...........
on pref , 1% p. c„ $218.750; bal., sur., $540,636. V. 70, p. 87. Bal Dividendson common.... (4)946,640
ance sheet, Sept. 30,1899, V. 69, p. 1009.
Balance for y e a r....... $179,207
$1,344,474
$518,711
D irectors .—Samuel Thomas, Colgate Hoyt, A. C., Overholt, B. F# Previous surplus........... .
823,522
108,913
.§942«
Overholt, C. E. Burge. E. C. Fuller, Anthony N. Brady John R. Walsh Depreciation andlosses...
170,026
629,864
499.932
A. H. McNeal, George J. Long, A. F. Callahan and A. Howard Hinkle^
Surplus April 1............ $8352,703
$823,523
$108,913
Officers - Pres., Samuel Thomas; Sec. and Treas., B. F. Haughton.
The “ gross income” in 1900 was made up of results from opera
N.Y. office, 80 Broadway.—V. 70, p. 87; V. 71, p. 83.
U n ited States E n v elo p e .—Incorporated in 1898 under the laws tions of plants and dividends on investments, $2,246,030, and of_net
rubber boots and
of Maine. Absorbed ten companies named in V. 66, p. 1003, income from commission on sales ofAPBIL 1, 1900. shoes, $987,743#
BALANCE SHEET
______
producing over 90 per cent of the commercial envelopes in the United
Cash............................ $628,631 1 Preferred stook.$23,525,500
States. Outpùt 17,000,000 daily; capacity over 20,000,000 daily.
Notes,etc.,receivable. 1,887,507 Common sto ck....— 23,666,000
Stock, $1,000,000 com., issued $750,000; par, $100; pref.,$3,750,000;
par, $100. Bonds, $2,000,000. See V. 66, p. 1003; V. 67, p. 179. In Merchandise......... ...... 1,394,020 | Accounts payable----- 1,417,095
Due companies....... .
253,015
Dec., 1898, paid 2 p. c. on pref.; June, 1899. to June, 1900, inol., 7 p. 0 . In v es tm en ts........... 46,9 6 1 ,»36 , Reserved for d iv ...... 1,177,680
per annum ,Q-M). Bal. sheet June 30,1899, V . 70, p. 685.
I Surplus assets.. . . . . . . .
832,704
Officers .—President, C. H. Hntchins; Treas., R.W .Day, Springfield,
Mass.; Sec., Frederick rlimpton, Springfield, Mass. (V. 70,p.685.)
Total assets.........$50,871,9941 Total liabilities------ $50,871,994
D irectors .—Samuel P. Colt, H. E. Converse, James B. Ford,
U n ited State* Express.—An “ association’* organized under the
laws of New York State in 1854; not incorporated. Operated April, Charles R. Flint, J. Howard Ford,Robert M. Gallaway, J. D. Vermeuie,
1900, on about 30,000 miles of railroad in the United States. In Henry L. Hotchkiss, Charles Stewart Smith, Charles L. Johnson, Lester
September, 1887, the stook was increased $3,000,000, raising it to Leland, Frederick M. Shepard, E. 6 . Converse, Samuel N. Williams,
Frederick O. Saylea, Geo. E. Weed. President, F. M. Shepard; Vice$10,000,000, and the Baltimore & Ohio Express was purchased.
D ividends . ) ’88. ’89. ’90. ’91. ’92. ’93* ’94. ’95. ’96 to May, 1900. Pres., James B. Ford; Sec., Samuel P. Colt; Treas., Charles R. Flint;
Since’87, p.c. 5 5 5
4
2
2 4
2
0
3 yearly.
Asst. Treas., H . M Hadler.Jr, N. Y. Office,9 Murray St.—(V .70 ,p .
284,692, 743, 994,1053; V. 71, p. 37.
U . 8 . F lo u r M ill.—See p. 1 7 3 .-U . S. G lu e.—V. 68; p. 979.
u n rE S T O ß S ’
1 6 *
s u pplem en t
,
[Vol. LXXI,
Bond »—trinci"
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
Date
pal,When Due
Amount
Par Outstanding Rate per When Where Payable, and by Stock»—Last
of
For explanation of column headings, &o., see note on
Bonds Value.
Dividend.
Whom.
Cent. Payable
first page of tables.
’tirg in ia -C a ro lin a Chemical—Stook, com., $12,000,000.
Preferred, 8 per cent, cumulative, $12,000,000............
V irg in ia Iro n Coal & Coke—Stock, com., $10,000,000..
1st mortgage, gold, $10,000,000 M a .............. ..........o* 1899
W agner Palace Oar Co.—Stock, $20,000,000....................
Welsbach L ight Co.—Stock authorized, $525,125.............
1900
Collateral trust 1 st M .,$4j)00,000,gold,red.atll0.C**.c* 1893
Western Transit Co.—Bonds gu.p.&Lby N. Y. C. ext. in ’94 1884
Real est. bds., g., (lien on W.U.Bldg., N.Y.C.)s.f. (not.dr.). 1872
Collateral Trust bonds........................ - ....................... o* 1888
Fund’g and real estate mort., $20,000,000, gold.F.c&r 1900
Westinghouse A ir B rake —Stock, $11,000,000................
Westinghouse E lectric < M anufactureg.—Old oom. stock...
&
First prei.($4,000,000) stock, 7 p.c., cum.(see remarks).
1898
Walker Co. 1st mortgage (see te x t)............... .— _
_
Wheel. L . E rie & Pittsb. Coal—1st M., gold, red. at 105..c* 1889
$100
100
100
1,000
100
100
5
100
100
1,000
$1,000
100
1,000
1,000
l.OOO&o
50
50
50
50
1,000
1,000
V irg in la -C a ro lin a C h em ical Co.—See page 173.
V irg in ia Iro n , C oal Sc Coke Co.—See page 173.
W a rw ic k Ir o n Sc S teel.— 69, p. 232, 797,1066; V. 70, p. 799,
V.
W e lle , F a rg o E xp ress.—See page 173.
W elsh e h C o .—Or g a n iz a tio n .—Incorporated in New Jersey in
May, 1900, as a consolidation per plan (V. 70, p. 898) of the Welsbach
Light and Welsbach Commercial Companies, the common stock of the
Commercial Co. being exchanged, $ for $, for the $3,500,000 stock of
the Welsbach Co. The United Gas Improvement, it is understood,
owns a controlling interest. The consolidation committee consisted
of John C. B ullitt, Thomas Dolan, Henry Sellgman, Samuel R. Shipley, Emerson McMlllin and George Phlller.
Bonds.—Of the $7,000,000 thirty-year 5 per cent gold 5s (Provident
Life & Trust Co.»•Philadelphia,trustee,) $3,600,000 were used to retire
by exchange,$ for $,the #3,600,000 preferred stock of the Commercial
Co., $3.091,000 in exchange tor the outstanding Welsbach Light stock
•nd the balance, $409,000, are reserved for additions, betterments,
working capital, etc.
President, Elmer Smalling; Secretary, F. H. MaoMorris. Office, N.
W. cor. Broad and Arch Sts., Philadelphia.—V. 71, p. 37.
W e s te rn Gas Co. (M ilw a u k e e ).—Organized in 1893 under the
laws of New York. Owns entire capital stock of Milwaukee Gas Light
Co., this latter oompany being entirely free from encumbrances. See
statement to N. Y. Stook Exchange in May, 1897, in V. 64, p. 1182. In
1900, Jan. 1 to Mar. 31 (3 mos.),net, $153,050, against $137,469 in 1899.
B onds .—The bonds cover all the stook of Milwaukee G. L. Co.; un
issued bonds for extensions and improvements.
D ividends .—1895,4%; '96, 5; ’97, 5; ’98, 6; ’99, 6; 1900, 6.
E arnings of Milwau. Gas L. Co.: Jan. 1 to May 31,1900, net $231,128; in 1899, $207,048. In year 18n9, net, #513,530; Axed charges,
$195,447; 1896, net, $504,821. Prest., Emerson MdMillin; New York;
Sec. & Treas., Robert M. M urray.—Y. 70, p. 692.
W e s te rn T ra n s it Co.—Owns piers in Buffalo, N. Y ., fleet of 13
steamers and also barges used on the Great Lakes. Has valuable real
estate in Buffalo. The N. Y. Central owns its $1,000,000 capital stock.
W estern U n io n T e le g ra p h .—Organized under the laws of New
York State as the N. Y. & Mississippi valley Printing Telegraph Co.,
on A pril 2,1851, and name changed to present title by Aot of New
York Legislature approved in A pril, 1856. On Jan. 19, 1881, was
dated the grand consolidation, in which the Western Union raised
its stock to $80,000,000, giving par, or $15,000.000, for the stook and
bonds of the American Union, 60 per cent in new West. Un. for
At. & Pao. stock and a stock distribution of 48*3 p. o. to West. Union
shareholders, 10 p. o. of which for A. & P. stock owned by W. U.
In October, 1892, the stockholders voted to increase the stock from
$86,200,000 to $100,000,000, of which $8,620,148 was then paid as
scrip div. to represent surplus earnings expended on the property.
In July, 1894, $550,000 stook was issued for purchase of American
Rapid Tel. Co. lines, until then operated under lease. In June,
1897, $2,000,000 stook (making total $97,370,000) was sold for
improvements, etc., made in 1893 to 1896 fiscal years—Y. 64, p.1139.
D ividends .—
>’8 7 .’8 8 .’8 9 .'9 0 .’91.
’92. ’93 to July’OO, inoL
Since’86, p. c.. 5 2 5 5
5 15(10sc.) 5% (1*4Q—J.)
B onds.—The collateral trust bonds of 1888 (trustee, Mercantile Trust
Oompany) are issued to retire an equal amount of stock and bonds of
various telegraph and cable companies for the interest or dividends on
which the Western Union Company is liable, these when so retired to
be held as security for the new bonds. On June 30,1897, the following
stocks (par value) were pledged for the collateral trust bonds: Gold &
Stook Telegraph, $1,097,800; Intem at. Ocean Tel., $1,961,500; N. Y.
Mutual Tel., $2,385,700; and bonds, Mutual Un. Tel., 6s, $3,043,000.
The funding and real estate 4*$s of 1900 w ill be secured upon real
estate in New York and Chicago and provide for the $6.800.000 of 6s
and 7s due in 1900 and 1902, construction, eto. In the event of a
mortgage being placed upon any part of the system, they w ill be given
a prior Uen thereunder. Of the $10,000,000 bonds issued (see V. 70,
p. 384) $2,242,499 w ill be used to acquire new property and for
construction of new lines from and artor June 30 1899. V. 70, p.
284, 384. Of the remaining $'0,000,000 $ i, 163,000 a e reserved to
retire the real estate 7s, flue 1902.—V. 70, p. 120 '.
L eased Companies.—Under leases the oompany aside from other
rentals pays interest and dividends as below. On June 30,1899, the
oompany owned the following stocks of the several issues included
below as outstanding: Franklin Tel., $632,900; Gold & Stook Tel..
$1,443,800; In t. Ocean Tel., $23,100; HI. & Mississippi Tel., $100,350;
Pacific & At. Tel., $1,457,500; Southern & At., $390,475.
Company, tie.
Lease
expires,
Amount.
Int. o r div.
Period.
Bonds
mature.
1932 $14,000,000 5
Am. Tel. & Cable stook
Q—M No bonds,
Em pire* Bay State, st’k
1989
-----300,000 4
ft— No bonds.
M
1975
Franklin Tel. stook......
a267,100 2*s M&N N o bonds.
Gold & Stock TeL stook.Jan.,1981 b2,444,400 6
—J ..................
S &N May 1,1905
Bonds $500, notmort.
500,000 4 * 3
Hllnois & Miss. Tel
perpetual. cl,830,145 4
J&J
None.
Intern.Oeean TeLstock.J an.,1981 d l, 015,400 6
Q—J No bonds.
N.Y.Mut,Tel.stoek($25) Feb. ,1982
e l 14,300 6
f l , 957,000
Mutual Un. Tel. 1 s t..
M&N May, Ì9 l"i
Northw. Tel. stk. ($50).My7,1980 2.500.000 0^ J & J ..................
lstm ort. int g u ar....
1.180.000 7
J & J Jan., 1904
Pao. & Atl. stook ($25). 99 years g542,500 4
J & J No bonds.
Sou. & Atl. stock ($25) .999 years £558,400 5
A & 0 No bonds.
IF Exclusive of amounts owned by Western Union directly or through
collateral trust, viz.: a $632,900; b $2,555,600; c $100,350:
d $1,984,600; e $2,385,700; f $3,043,000; g $1,457,500; h $390,475.
$9,0f>0,000 See text Q.--M.
10.000,000 8 in 1899 Q -J . 15
Richmond, Ya.
do
do
Mch. 1,’0 0 ,1%
July 15,’00,2%
10, 000.000
10,000,000
3 g. M. & S. N. Y., Manhattan Tr. Co Mch. ï," *1949
20, 000,000 8 in 1898 M’thly.
N. Y. Office.
3.500.000
1^30
6.591.000 • 5 g515,932 Text.
June 23,’00,10
Checks mailed.
Q.—M.
8,000,000 6 in 1900 L & J. N. Y.. Office, 63 B’way. July 16,’00,3%
July 20,’00,3%
4,000,000 6 in 1900 J. & J.
Checks mailed.
3,855,500
» g- M. & N. N. Y., J. & W. Seligman. May 1, 1933
$1,500,000
F. & A. N.Y., Grand Cent.Stat’n Feb. 1, 1903
4*9
97,340,740 5 in 1899 Q .-J . N. Y., Office, 195 B’way. July 16,’00,1*4
1.163.000
M. & N. N. Y., Union Trust Co. May l , 1902
8.502.000
I s- J. & J. N. Y„ Office, 195 B’way. Jan. 1, 1938
May 1, 1950
New York.
10,000,000
4*9 g. M. & N.
June 30’00,7*fl
10,950,000 25 in’ 99 Q.—J.
Pittsburg, Pa.
95,400
9.367.750
Q .-F . N. Y ., Office, 120 B’way May 15,"’00,1*3
July 2, ’0 0 ,1 \
3.996.750 7 in 1899 Q.—J.
do
do
1913
3.500.000
J. & J. N. Y. Merc. Trust Co
850.000
846.000
J. & J. Jan., ’97, coup, last p’d. Jan. 1, 1919
5 g.
A nnual R e p o r t .—Statement for 1898-99 was in V. 69, p. 794.
1899-00.
1898-99.
1897-98. 1896-97.
Year en ding June 30.
$
$
$
$
Revenues for the year................. ..... 23,954,312 23,915,732 22,638,859
Oper.exp’s^ent.,t’xes,&c.................. 18,085,579 17,825,58116,906,657
Rem ainder................ 6,264,438 5,868,733 6,090,151 5.732,202
Dividends paid................ 4,867,979 4,867,949 4,867,911 4,792,855
Interest on bonds. ......... 907,158
897,092
896,555 895,510
Sinking funds......................................................
9,991
39,990
Surplus......................
489,301
103,692
315,694
3,847
Miles of Miles of No. of
Year. Poles&C’bl’s. Wire. Offices. Messages. Reoeipts.
Profits,
1866-67.. 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 5,833,937
1892-93.-189,936 769,20121,078 66,591,858 24,978,443 7,496,037
189697.-190,614 841,002 21,769 58,151,684 22,638,859 5,732,200
1897-98.-189,847 874,420 22,210 62,173,749 23,915,733 6,090,153
189899..189,856 904,633 22,285 61,398.157 23,954,312 5,868.732
Office, 195 Broadway, New York City.—V. 70, p. 692,748, 799, 1203.
W estin gh o use A ir B ra k e .—Organization , E tc.—A Penn
sylvania corporation. V . 67, p. 843,) 1065. Stook formerly $5,000,000 (par $50) was increased to $10,000,000 in July, 1898,
$5,000,000 being distributed among stockholders as a 100 per cent
stook dividend (V. 67, p. 128; see also V. 66, p. 955; V. 67, p. 1044).
Up to 1898 dividends of 20 per cent per annum had been paid for some
years. In 1899, Jan., 5 p. c.; Apr., 5 p. c.; July, 5 p. c.; Oct., 10 p. o.,
in 1900, Jan., Apr. and July ,7*9 p. c. each. incl. 5 extra A b to litigation
with N. Y. A ir Brake Co., see V. 69, p. 181, 442; V. 70, p 636. Re
ceipts for 2 years ending July 31,1899, reported as $15,109,303; cost
of operation, $7,499,t87; net profit, $7,610,216.—(V. 70, p. 636.)
W estin gh o use E le c tric Sc M a n u fa c tu rin g Co.—O r g a n iz a
tio n .—A Pennsylvania corporation manufacturing and selling a gen
eral line of appliances used in the commercial applications ol elec
tricity for lighting and power purposes. Statement to N. Y. Stook
Exchange was in V. 54, p. 763. The oompany owns exclusive rights
to the Tesla patents on alternating currents.—V. 61, p.25,153. In
March, 1896, an agreement was made with the General Electric Co.
for pooling patents. See Y. 62, p. 502, 635,1040; Y. 68, p. 1024.
In Sept., 1898, purchased substantially entire capital stock and all
but $850,000 of the $2,500,000 20-yr. bonds of Walker Co. By an ar
rangement then made, the $850,000 bonds are secured by a first and
the $1,650,000 bonds held by the Westinghouse Co. by a second mort
gage. V. 68. p. 87. As to British Westinghouse Eleotrio & Manufac
turing Co., Limited, see Y. 69, p. 232, 802.
Capital Stock , Etc.—Stock authorized is $15,000,000, increased
from $10,000,000 in June, 1896. The first preference stook carries
cumulative dividends of 7 per oent per annum, with right to partici
pate equally with other stock after the same shall have received 7 per
oent, and preferential as to principal. See wording of preferred cer
tificate in editorial of May, 1893, Supplement .
Of the $3,500,000 15-yr. 5 p. o, gold debenture certificates about
$3,000,000 were sold in Aug., 1898, to retire the floating and bonded
debt, returning to the treasury as available assets stocks and bonds in
various lighting and power companies yielding an annual income ex
ceeding half the debenture interest charge and part of the remaining
$500,000 were used in partial payment for stock and bonds of the
Walker Co. V. 67, p. 324, 691. Sinking fund of $150,000 yearly
from 1900 topay off debentures at 105, to be drawn by lot. No lien
is to be placed on present or future real estate or other assets without
providing for debentures. V. 67, p. 1112.
D ividends .—On pref. Feb., 1892, to July, 1900, incl. 7 p. o. per an.
First quarterly dividend on assenting stook, 1*4 p. o., paid Feb. 20,
1900; May 15, 1900, 1*9 p. c. V. 70, p. 89 s.
A n n ual R eport . - Fiscal year ends March 31. Net earnings for 4
mos. ending July 31,1899, $558.431. Y. 69, p. 704. For year 1898-9,
output of Pittsburg factory was $6.951,669; net profit about $1,240,
000.—V. 69, p. 232. Report of March 31,1897, in V. 64, p. 1222*
Balance sheet July 31,1899, showed: C urrent liabilities—Accounts
payable, $926,841; bills payable, $1,226,000; C urrent assets—Cash,
$745,175; bills receivable, $406,100; accounts receivable, $2,723,995;
materials on hand, $3,029,584. (See V. 69, p. 694.)
D irectors .—Brayton Ives (Chairman of the Board), Charles Francis
Adams, Lemuel Bannister, August Belmont, A. N. Brady, N. W. Bumstead, B. H. Warren Marcellus Hartley, G. W. Hebard. James H. Hyde,
Brayton Ives and George Westinghouse. President, George Westing
house: 1st Yioe-President, Lemuel Bannister; 2d Vice-President, B. H.
Warren; 3d Vice-President and Treasurer, P. F. Kobb6. N. Y. office is
at 120 Broadway.—(V. 69, p. 68 4, 704, 802,1152; V. 70, p.234 898.)
'W estinghouse M a c h in e Co.—Organization , E tc .—A Pennsyl
vania corporation manufacturing gas engines, etc., under Westing
house patents. Stook increased from $1,500,000 to $3,000.000 in
Mar., 1899. Par value of shares, $50. Dividends have been paid since
about 1895. On July 10, 1900. quarterly dividends on common and
preferred, 1 * 9 p. o. each.
B onds —Stockholdersvoted Dec. 12,1899, toissue$l,500,000 20-year
5p. c. gold bonds, of whioh $350,000 reserved to retire equal amount
of existing bonds due 1914, interest J. & D., at Fidelity Title < Trust
s
Co , Pittsburg, and balance to be used to build a steel foundry and
forging plant at East Pittsburg, having a daily capacity of 80 tons of
steel castings and forgings. Y. 69. p. 854. See also Y. 69, p. 802.)
V. 69, p. 1252. President. George Westinghouse; Secy., T. J. Brown.
Office, 25th St. and lib e rty Ave., East Pittsburg, Pa.—Y. 69, p. 1252
W h e e lin g L a k e E rie Sc P itts b u rg C o a l.—Y. 70, p. 748, 799,
1000; V. 71, p. 37.
J u l y , 1900.]
MISCELLANEOUS
COMPANIES— SUPPLEMENTARY.
169
i^ ^ F o r Securities Outstanding see the tables on pages 15Jf. to 168, inclusive.
A m e ric a n A ir P o w e r Co.*— Compressed A ir Co.
See
A m e ric a n A l k a l i .—Organization .—Incorporated In New Jersey
on May 4,1899. Stock, common, $24,000,1)00 (all issued) ; 8 per cent
«um. pref., $6,000,000, $10 paid in Apr., 1900; par of each, $50.
See prospectus. V. 68, p. 925, and official statements, V. 69, p. 1194.
W ill manufacture at Sault Ste. Marie, by an electrolytic process
(protected by patents), caustic soda and bleaching powder. W. W.
Gibbs of Philadelphia is Pres. Office, 815 Drexel Building, Philadel
phia, Pa.—V. 68, p. 821, 925 ; V. 69, p. 1194; V. 70, p. 177, 634.
A m e ric a n B a n k N ote Co.—O r g a n iz a t io n .—Incorporated in
New York in 1858. Engraves and prints bank notes, bonds, stock
«ertifioates, bills of exchange, railroad tickets, etc. On Deo. 27,1878,
consolidated with National Bank Note Co. and Conti' ental Bank Note
Co. Stock, $3,600,000; par of shares, $50. No bonds.
D iv id e n d s —
(1892 to 1894 T 895 to M ar., 1900
June, 1900
Per cent................ t 8 yearly
6 yearly (Q-M 31)
2 (quar.)
Of f ic e r s .—President, James Maedonough; Vice Pres., Augustus D.
Shepard; Vice-Pres. and Treas., Theo. H. Freeland; Sec., John E. Cur
rier. Office, 78 to 86 Trinity Place, N. Y.
A m e ric a n B e et S ugar Co.—Incorporated on March 24,1899.
Stock, common, $15,000,000, all outstanding; preferred, 6 percent,
non-cum., $5,000,000, of which $1,000,000 in treasury. Par of all
shares, $100. Dividends from Oct., 1899, to July, 1900, both inol.,
6 p. c. yearly (Ha Q,-J.) See prospectus in V. 68, p. 280, 616; “Beet
Sugar” item, V. fc9, p. 1249. Pres., Henry T. Oxnard; Sec., James G.
Hamilton; Gfceas., John E. Tucker; 32 Nassau St., N.Y.—V. 70, p. 40,77.
A m e ric a n C em ent.—A consolidation in 1899. Stook, $2,100,000; outstanding, $2,0o0,000; par of shares, $10. Bonds, $1,000,000
15 yr. lstm . and col. tr. gold fts, due Ooc. 1,1914, s. f. $30,000 yearly;
int. A-O at Gir. Trust Co., Phila., trustee. See prospectus, y. 69, p.
1249. First div. for 4 mos. to Deo. 31, 1899, 3 p. o. (1 extra), paid
Jan. 15,1900; July 16, 4 p. o. (1 p. o. extra).—V. 70, p. 1250. See state
ment or May 1,1900, Ch r o n ic l e , July 28,1900. Pres., Robt. W. Les
ley; Treas., Fred’k J. Jiggers, 24 So. 15th St., Phila.—Y. 70, p. 1250.
A m e ric a n C lay M a n u fa c tu rin g Co.—Or g a n iz a t io n .—Incor*
porated in New Jersey on Feb. 17. 1900, as a consolidation of 27
vitrified drain-pipe plants said to control from 80 to 85 per cent of the
industry. For list, etc., see V. 70, p. 482, 688. Stock authorized, $10,■000,000, all common; par of shares, $100; present issue to be $6,500,
000 Bonds, $2,500,000 twenty-year gold 6s, dated Mar. 1, 1900,
($500 and $1,000 each), int., M.-N , subject to call at 105 and interest
up to $100,000 yearly after Mar. 1, 1901. See official statement V.
70, p. 688. Net earnings in 1899 exceeded $450,000.
Of f ic e r s .—President, Charles Baird, Akron, Ohio; Secretary,
Thomas D. Brown, New Brighton, Pa.; Treasurer, Ulysses D. Eddy,
New York.—V. 70, p. 383, 482, 688.
A m e ric a n C o al.—Mines at Barton and Lonaconlng, Md. Stock,
$1,500,000; par, $25. Dividends (M. & S.) 1894, 6!« p. o.; 1895, 7; '96,
8; '97, 8; '98, 9; '99, 10 p. o.; 1900, Mar., 5 p. o. No. 1 Broadway.
A m e ric a n C o tto n Co.—Organization .—Makes and leases a pat
ented machine for producing cylindrical bales of cotton, the lin t cot
ton being formed by rubber rollers into a continuous sheeting and
wound on a core. SeeV. 68,p. 821, In 1899 handled over 370,000 cylin
drical bales. Stook, common, $4,000,000; pref., 8 per cent cum.,
$3,000,000 all outstanding. A ll accumulated dividenus on preferred
stock paid May 2,1899; Nov., 4 p. o ; 1900, May 2,4 p. o. Dividends
are payable at office, 27 William 8t., N. Y. Year 1899-»00, gross pro
fits, $522,142; net, $259,294. Pres., John E. Searles.—V. 70, p. 793.
A m eric an D is tric t T e le g ra p h .—See S upplem en t of Jan., 1893.
Annual report for year ending Deo. 31, 1899, was in V. 70, p. 228,
showing gross, $629,752; net, $104,180; dividends (2^ p. e.),.$86,497.
Stock, $4,000,000; outstanding, $3,844,700; par $100. No bonds.
D iv id e n d s .— ( »91. '92. »93. »94. »95. »96 »97, »98. »99 1900
Peroent.
\ 1
21 3*2 1
e
3 .1
2 . 2 2«4 May, 1
Office, 8 Dey St., N. Y. City.—V. 68,p. 229,426; V. 70, p. 228.
A m e ric a n F is h e rie s Co.—See Fisheries Co.
A m e ric a n Ir o n & Steel M a n u fa c tu rin g .—Or g a n iz a t io n .—
Incorporated in Pennsylvania on August 21, 1899, and absorbed sev
eral properties at Reading and Lebanon, Pa. See list in statement of
April 30,1900, Ch r o n ic le , July 28,1900. Stock, com., *17,000,000,
$5 per share paid in; pref., 5 p. o. cum., *3,000,000, fu ll paid; par of
shares, $50. Dividends on pref., Jan., 1900, l^s p. c.; Apr., IV p . o.;
Jul>, 1*4 p. 0 . On common, Jan. 25, 1900, 50 cts. per share; May
31,50 cts. No bonds.—V. 70, p. 1051.
A m e ric a n P n e u m a tic Service Co.—O r g a n iz a tio n .—Incorpor
ated in June, 1899, under laws of Delaware.—(V. 68, p. 1130,1179.)
Is the owner of the whole, or nearly all, stook of the Lamson Consol.
Store-Service Co. (V. 68, p. 1073), the Intern. Pneum. Service Co., etc.
St o c k .—Common, $10,000,000; one-half is in the treasury to be
used for future requirements. The preferred is $5,090,000 6 p. c.
non-cum. Par $50 per share. Dividends on pref. stock to July 20,1900,
inclusive, 6 p. c. per an. (Ha Q-J). Underlying bonds. Mar. 31, 1900,
$507,500 Lamson sinking fund 6s.
Directors—H. M. Whitney, G. W. Armstrong, J. Shepard, B. W. Cur
rier, Oakes Ames, Arthur S. Temple, Samuel S. Bias, Ubert K. Pettingill and W. E. L. cilia way. Office, Fiske Building, 89 State St., Bos
ton, Mass. Arthur 8. Temple, Treas.—V. 70, p. 1046; V. 71, abt. p. 190.
A m e ric a n R a d ia to r.—Incorporated in New Jersey on Feb. 14,
1899, Stock, common, $5,000,0 0, outstanding, Deo. 31, 189*, $4,893,000 pref. 7 p.c. cum., $5,000,009, of whioh $2,00« ,00o in treasury.
Par of all shares, $100. See prospectus in V. 68, p. 329. Dividends on
preferred. May, 1899, to May, 1900, inclusive, 1% p. o. quarterly
(Q F 15), paid at office, Lake < Dearborn Sts., Chicago. Report for
fc
year ending Jan. 31,1900, with balance sheet, was in V. 70, p. 530,
showing: Net profits, $657.162: 5H p. c. on preferred, $157,500; bal
ance, $496,662 Seo., C. M. Woolley.—V. 68, p. 821; V. 70, p. 530.
A m e ric a n S crew C o.—Statement 1899, Y. 70, p. 325, 380.
A m e ric a n S h ip b u ild in g C o.—O r g a n iz a tio n . — Incorporated
In New Jersey on March 16,1899. to unite the shipbuilding and kin
dred interests of the Great Lakes.—V. 68, p. 770; V. 70, p. 896.
Stock, common, $15,000,000; preferred, 7 per cent, non-oum„ $15,000,000; par of all shares, $10(1. Outstanding, $7,600,000 common
and $7,600,000 pref. Dividend on pref., July. 1899, to July 16.1900,
inclu.. 7 p. o. per an. (1% Q-J ) President,W. L. Brown, Chicago; Seo.
and Treas., R. C. Wetmore.—V. 70, p. 896.
A m e ric a n S n u ff C o .—Or g a n iz a t io n .—Incorporated in New Jer
sey on M ir. 12, 1990, in the interest of the American Tobacco and
Continental Tobacco companies, whose snuff properties ic aoquired,
and whioh, it was reported, own about $8,500,000 and $4,50u,000 re
spectively of the oapital stock. For list of properties merged,
claimed to have an output of nearly 15,000,000 pounds of snuff
yearly and to control about 95 per cent of the output of the country,
see Y. 70, p. 533, 634. Stock authorized, $12,500,900, common, and
$12.500,000 six per cent non-cumulative preferred. Issued Mar., 1900,
as reported, common, $11,090,000; preferred, $12.000,000.
Pres., Geo. W. Helme; Vice-Pres., Tonathan Peterson; Sec., Otis
Smith, Treas., Geo. B. Wilson, 111 F ifth Ave.,N. Y .—Y,70,p. 585,634.
A m e ric a n Soda F o u n ta in .—Formed in »91 in W.J.—Y.66,p.382.
Stook outstanding: Common, $1,250,000; 1st pref., 6 per cent, cum.,
$1,250,000; 2nd pref., 8 percent, oum., $1,250,000; par, $100.
D iv id e n d s .—On preferredin fu ll to Nov., 1896, inol.; none since. On
common to 1895, inclusive, 10 yearly; 1896, 7%; none since.
G e n e r a l F inances .—On Aug. 31, 1899, there were loans (unse
cured) to the company by its managers of $158,825 and additional
loans from the managers of $341,752, secured by customers' notes.
A n n ual R e p o r t .—Report for year ending Aug. 31,1899, V. 69, p.
1060, showed profit on operations $10,084, against loss $134,933 for
1898, $37,i'94 for 1897 and $257,954 for year'96. Pres., James W.
Tufts: N. Y. office,449First Ave.—(Y.67,p. 1058; Y. 69, p. 1060.)
A m e ric a n Steel C astin g Co.—O r g a n iz a t io n .—Incorporated in
New Jersey. Plants at Thurlow, Sharon, Pittsburg and Norristown,
Pa.; Alliance, O., and Syracuse, N. Y. Stock authorized, common, $2,750,000; pref., $1,450,000; outstanding, common, $2,143,000, and pre
ferred, $1,195,700. Bonds, $490,000 first gold 5s, dated 1897, due
Nov. 1,1912, but retirable before m aturity.—V, 70, p. 998.
D iv id e n d s 1894. 1895. 1896. 1897. 1898. 1899.
1900.
Preferred stock....
7
7
7
7
7
7
June, 31
«
Common stock..............
..
..
6
6
May, 3
President, Daniel Eagan; Vice-Pres., Wm. M. Wilson; Seo. and
Treas., Jonn W. Booth, Thurlow, Pa.—V. 70, p. 998.
A m e ric a n S tra w B o a rd .—Incorporated under the laws of Illi
nois. Stock, $6,000,000, par $100 Dividends in 1893, 4 per cent;
Deo. 23,1898.1 p. o.; June 25, 1900, 1 p. o.—V. 70, p. 1096. See V. 62,
p. 587. Bonds, 1st 10-20 year gold 6s, $621,009, due Feb. 1, 1911,
mt. F-A, at International Trust Co., Boston, reduced from $1,250,000 by sinking fund. Bonds are subject to call Feb. 1,1901.
A n n u al R e p o r t .—Report for 1899, in V, 70 p. 278:
1899.
1898.
1897.
1896.
Profits............................... $242,544 $115,862
$89,703 $113,292
1*9
1*49
1*88
Per cent on stock............ 4*04
Bills payable Jan. 1,1900, $398,234. President, R. F. Newcomb.
Old Colony Building, Chioago.—V. 70, p. 127, 27 8, 1096.
A m e ric a n T yp e F o u n d e rs Co.—Inoor’d in1892 under laws of N.
J. Y. 55, p. 625 and adv. In 1896 decreased the $5,000,000 common
and $4,000,000 pref. stook to $4,000,000 (par $100) common stock.
V. 62, p.682. Gold 6 per cent debenture bonds, $1,000,000, due May
1,1926; int. M-N by trustee, Mercantile Trust Co., N. Y. Bills payable
Aug. 31, 1899, $545,000; the $187,000 remaining bonds were offered
to stockholders at par in June, 1900. V. 70, p. 1197.
Dividends on preferred: Oct., 1898,1 p. c., first since reorganiza
tion; Jan., 1899, to July, 1900, incl., 4 p. c. per an. (paid Q-J).
a n n u a l R eport .—Report for year ending Aug. 31,1899, was in
Y. 69, p. 904, In 1898 9 gross profits after deducting expenses, $249,563; interest charges, $59,511; net, $190,052 ; dlvs.>(4 p. o.) $160,0' 0.
Pres., John E. Searles, 27 William St.—(V. 6», p. 904; V. 70, p. 1197
A m e ric a n W a ltlia m W a tc h .—Incorporated in Massachusetts
in 1854; manufactures “Waltham” watches; factory situated at W al
tham, Mass. Daily output of watch movements, 2,200. Capital stook,
all common. $4,000 000; par $100. No bonded debt.
D ividen d s .— > 1879-95. 1896. 1897. 1898. 1899. 1900.
Per cent.
> 8 yearly.
7
6
6
24*$ below.
In March, 1899, paid 3 p c ; in Sept., 1899, 5 p. o., and in Oct. 1899,
an extra cash dividend of Id 1 per cent, the stock being increased
)!
from $3,000,000 to $4,000,000 by sale to stockholders at par; in M ar.,
1900, 4 p.c. Balance sheet Dec. 1,1899. V. 70, p .7 3 8 .
A m e ric a n W in d o w G lass.—O r g a n iz a t io n .—Incorporated in
Pennsylvania on Aug. 2, 1899, to consolidate window-glass plants,
excluding plate glass Said to have 85 per cent of the capacity in
the U. S. (V. 69, p. 335. 744, 1013.) Stock, all outstanding, common,
$13,000,000; pref., 7 per cent cum., $4,000,000; par of shares, $100.
First div. on pref., 3 ^ p. c., paid March 1,1900. V. 70,p. 383.
Of f ic e r s .—James A. Chambers, President; E. I. Phillips, Secretary;
W. G. McCandless, Treas. Office, Pittsburg, Pa.—(V. 70, p. 383.)
A s p h a lt C om pany o f A m e ric a .—Organized June 28, 1899,
in N. J. Stock $30,000,000, par value, $50. all issued, and 20 per cent
paid in cash Y. 70, p. 948, 998. See securities owned in offioial
statement A pril 13, 1900, V. 70, p. 993.
There has also been issued by the Land T itle & Trust Co. of Phila
delphia. as Trustee, $30,000,000 of 5 per cent 50-year collateral gold
certificates, principal and interest of whioh are secured by the deposit
with the Trust Company, as trustee, of shares purchased. (Y. 69, p.
335, 387,1104; V. 70, p. 993. Statement, w ith balance Bheet, V. 70,
p. 530.
Underlying bonds, $1,000,000 Barber Asphalt Paving debenture 6s,
due April 1,1916; x338,000 New Trinidad Lake Asphalt debenture
6s, due Jan. 1, 1930. and $400,000 Alcatraz Co. debenture 6s, due
Jan. 31.1939. V. 70, p. 993. Office, Land Title & Tr. Bldg., Phila.—
V. 70, p. 896,948, 99 3, 998; V. 71, p. 136.
B ay sta te Gas Co.—Incorporated In 1889 under the laws of Del'
aware, and acquired $995,000 of the $1,000,000 stook of the Bay State
Gas Co. of New Jersey, whichlatter company owned substantially all the
capital stook of the following companies supplying gas to the city of
Boston: Bay State of Mass.; Boston Gaslight, Roxbury Gaslight and
South Boston Gaslight. The stooks of these four operating companies
were pledged to secure the bonds below mentioned, but their voting
power was aoquired in Nov., 1897. for New England Gas & Coke Co.—
whioh see on a preceding page—also V. 65, p. 1221; V. 68, p. 1179.
Assets Feb., 1898, V. 70, p. 843.
St o c k .—Stook (par $50) increased from $5,000,000 to $15,000,000 in
Ootober, 1895, to $50,000,000 in 1897, and to $100,000.000 m 1899.
See Y. 68, p. 84,1179. Authorized amount stated as $1,000,000,000
Bonds.—The “Boston United Gas” mortgage of 1889 was issued by
the B. S. Gas Go. of New Jersey and guaranteed by the Delaware
company. The mortgage is for $12,000,000; Mercani ile Trust Co.,
trustee; of the issue $2,000,000 was reserved for improvements. Each
registered $1,000 bond is entitled to 5 votes. There is an annual sink
ing fund of one per cent of the eutire issue, and bonds can be drawn
at 105. A ll the bonds issued are deposited with the Trust Co., whioh
issues its trust certs, therefor. Y. 67, p. 221; Y. 68, p. 84; V. 70,p. 688.
E arnings —Reports of six operating companies in V. 69, p. 694, show:
Tear.
Gross.
Net.
Other ine. Dividends.
Bal., sur.
1898-99.......... $2,953,806 $949,286 $107,310 $824,262 fl$17,714
1 After deducting interest, charges, etc.—Ÿ. 70, p. 688,843.
1
B e th le h e m Ir o n Co.—See Bethlehem Steel Co.
B e th leh em Steel Co.—Or g a n iz a t io n .—Incorporated in Pennsyl
vania April 17,1899 (V. 68, p. 770), leasing The Bethlehem Iron Co.
from May 1,1899, at 6 per cent on its $7,500,000 stock, payable quar
terly (Q.-F.), and w ill extend its operations. Oapital stook $15,000.000,
in shares of $50 each, on which to Jan., 1900, $1 had been paid up.
Dividends, 50 cents per share, paid quarterly. Sept., 1899, to June,
1900, inol. For terms of lease, etc., see V. 68, p. 821, 975. Bethle
hem Iron Co. has outstanding $1,351,000 1st 5 per oent bonds, dated
1886, due Feb. 1, lr,07, int. F.-A. V. 69, p. 1250. For year ending
April 30,1900, net from operations, $2,122,000; Iron Co rental,
$450,000; Steel Co. dividends, $600,000; other payments, $' 5,000;
bal., surp., $997,000. V. 70. p. 1251. President, Robert P. Linderman.— 70, p. 330, 3 r3 ,1251.
V.
B o sto n & M o n t. C onsol. M in in g .—V. 68, p. 720; V. 70, p. 948.
B ro o k ly n F e rry .—O r g a n iz a t io n .—Owns ferries from Roosevelt
St., Grand St. and 23d St*, New York, to Broadway, Brooklyn, and
from Grand St., New York, to Grand St., Brooklyn; also leases Tenth
170
MISCELLANEOUS
GOMPANIEfe—SUPPLEMENT A.RY.
[VoL. LXXI.
For Securities Outstanding see the tables on pages 15]/. to 168, inclusive
& Twenty-third Street Ferry for 99 years from Deo., 1898, at 5 p-c.
on $550,000 bonds and 5 per cent on $1,000,000 stock. V. 67, p. 1206.
Statement to N.-Y. Stock Exchange (V. 69, p. 1102) for 9 mos.; in 1899
gross,$1,045,717; net, $462,277; charges, $398,437; sur., $63,840.
Securities .—Authorized issue of consols is $7,500,000, Of which $ l,i
000,000 held to retire an equal amount of lets due 1911 of former N.
Y. & Brooklyn Ferry Co. Capital stock is $7,500,000, of which $1,000,000 retained in treasury. Mortgage covers real estate in Brook
lyn and N.Y.,and 16 steel boats.—V. 68, p. 1022; V.69. p. 1101,1105.
B ru n sw ic k (Ga.) D ock & Im p ro v em e n t C o .—Successor to
Brunswick Co.reorg. per plan in V. 65, p. 326; see also Y. 66, p. 1043
Stock, $5,000,000 (par $100); all listed in Aug. 1899-see applica,
tion V. 66, p. 1043. President, Henry E. Howland, 35 W all St.; Bee,
and Treas., A. G. Kraetzer, Jr., 142 Pearl St., N. Y.—V. 68, p. 1022.
B a i a l o G as.—Organized in Oct.. 1899, and consolidated the
Buffalo City Gas Co. and Buffalo Gas Light Co. The Buffalo Gas Co.
owns entire stock and bonds of the Mutual Gas Light Co. and about
27.000 of 30.000 shares of stock and $1,980,000 of $2,100,000 bonds
of People’s Gas Light A Coke Co. (see V. 67, p. 1262). Stock, common. $7,000,000; preferred 6 p. o. non cum., $2,000,000.
October 1 to May 31.1900, 8 months, net, $238,749. Year ending
June 30, 1899, net, $295,598; inti on bonds, $283,313; bai., surpuls,
$12,285. V. 69, p. 129. A . O. Humphreys, 31 Nassau St., President.
—V, 68, p. 1224; V. 69, p. 129, 796,1195.
C am bria Ir o n Co.—See Cambria Steel Co.
C am bria Steel Co.—Incorporated in Penn, in Nov., 1898, per plan
in V. 67, p. 688, leasing the Cambria Iron Co. for 999 years at 4 p. o.
on its $8,468,000 stock. Stock, $16,000,000; $1 50 per share paid
Deo. 1,1898,$1 50 Deo. I , ’99, $1 50 Feb.l, and $4 50 Mav 1,1900,the
laht two payments being supplied by dividends named below V. 69,
p. 6*7; V. 70. p 794. On May 15, 1899, a dividend of 40 cts. per
share was paid; on Aug. 15,1899, 60 cts. per share; on Nov, 15» 1899,
$2 50 per share; on Feb. 1, 1900, extra dividend of $1 50, applica
ble only to payment of third instalment; Feb. 15, 1900,50 Cents per
share in cash; May, 1900, 50 cents cash and $4 50 applicable for
fourth instalment; Aug. 1 5 .19< 0, 50 cents. V. 70, p. 794 For terms
of lease Bee V. 68, p. 128.—(V. 70, p. 78, 175,794.)
*
C an ton C om p an y .—See Supp . of April, 1897, and V. 70,794.
C arn eg ie S teel.—V. 70, p. 538,586, 635,688,1197; V. 71, p.31,86.
Central F o u n d ry .—Incorporated in New Jersey on July 11,
1899, and acquired manufactories of soil pipe, said to control 95 per
cent of the trade in the United States. V. 69, p. 178.
Stock, common, $7,000,000: pref.,7per oentcum.,$7,000,000. Bonds,
$4,000,000 20-year debenture 6s, subj. to call after two years at 105.
President. John B. Reid; Secretary, G. Schumacher; Treasurer;
W. L. Rogers. Office, 100 B’way, New York.—V. 69, p. 129, 178, 228
Central & South A m erican Telegraph*—Owns cable line from
Vera Cruz, Mexico, to Valparaiso, Chili, 4,750 miles, and land lines
850 miles, eto.- Also the Trans-Andine telegraph lines, 1,200 miles,
Durohased in 1891. and connecting Valparaiso with Buenos Ayres*
Connects at Vera Cruz with Mexican Telegraph Co,, and owns an inter
est in cable between Galveston and.Coatzacoalcos, 825 miles, etc. ,
D ividends , ) 1885. *86, ’87. *88-’96. ’ 97.
1898 to July, 1900.
Percent. ) 4
4
6 7 y’rly 6%
6 yearly (Q. J.)
In 1890 20 p. o in stock. Year 1899, gross, $944,086; net, $598,971; dividends, $463,536, Office, 37 W all St.—(V. 65, p. 666.)
Central U n io n T elep h o n e (Chicago l.-^This company controls
the Bell Telephone business in Indiafla, in Ohio with the exception of
Cleveland and Cincinnati, And in Illinois excepting Cook and four
other oounties. Capital stock is $6,605,300, of which 52 pèr cènt is
held by Amer. Bell Telephone Co. subscribers Jan. 1,1900, 59 810.
Of the $6,000,000 10-20-year gold consol. 5s, due Jan. 1, '1919. $2,500.000 have been issued, $500,000 w ill be issued in Dec., 1900, $2,500.000 are reserved to retire 1st 6s subjeot tò call at 105 after
July 1,1906, and $500,000 for Cost of future extensions and improve
ments. , V. 68, p.-379, 472, 570; V» 71, p. 86. See also advertisement
in Ch r o n ic l e of M ar. 25,1899. Report for 1899 given in V. 70, p.
175. President, W. A. Jackson.— 71, p. 86.
V.
C laflln ( H . B .) C om p an y.—Incorporated under the laws of New
Jersey in May, 1890, and deals in dry goods. Its premises have a
frontage of 375 feet on Worth Street, N. Y. City.—V. 71, p. 83.
D ividends .—1890-1892, 1893. 1894 to Apr.,'99, J’y.&0.,’99. 19Ò0.
Common, p c.. 8 yearly. 7*$
6(l>a Q.-J.)
2 each. Inc.July,6
Preferred stocks.1
-------In fu ll to Aug., 1900.------ •
Report,—Report for half-year ending Jiiné 30,1900 (V. 71, p. 83)*
Net for dividends', $612,309, against $60' ,032 in 1899; interest on 1st
and 2d pref., $142,125; dividend oh common (4 p. o.>, $153,164; bal
ance, sur., $317,020. Reserve for com. stk. June 30,1900, $1,126,341;
Profits for fu ll calendar years before deducting any dividends have
been: In 1899, $1,247.851; in 1898, $526,545; in 1897, $510,943; in
1896, $261,518 ; in 1895, $613,970. (V. 70, p. 78; V. 71, p. 82.)
C olu m b u s Sc H o c k in g Coal Sc Ir o n C om p an y.—Organized at
Columbus, O., Jan. 26,1883, and owns large coal andiron properties
(13,250 acres of land) in Ohio. See V. 44, p. 278; V. 63, p. 559.
Organization .—Reorganized in 1898 without foreclosure per plan
in V. 65, p.976. The old firsts have been limited in amount to
895,000 and made to cover additional property, interest being ref uced from 6 to 5 per cent.—V. 65, p. 367, 976; V. 67, p. 28—see end’t
on bond V. 66, p. 81. Stock $5,033,499, of which $333,499 is pref. First
M. 30-year 5s outstanding, $895.000, due Jan. l, 1917 int, J.-J. at
Cent. Trust Co.,N. Y. In 1899, management changed.—V. 68, p. 976.
R eport.—Report for year ending Mar. 31,1900, V. 70, p. 1047:
"Sr.to Mar, 31.
Gross. ,
Net.
Oharpes.
B ai., su r,
1899-00...____ L $450,979
$101,138
$51,062
$49,076
- ( V . 68,p.976; V. 69, p. 540; V. 70, p. »047.)
C om pressed A ir Co. o f th e B o r o u g h o f M a n h a tta n .—O r g a n i z -t i o n .
—Incorporated in New York on April 9, 1900, as a con
solidation of the American A ir Power Co. of Nfew York (see V. 69, p.
1060) and the Compressed A ir Motor Co. of Illinois (see V. 70, p. 635),
to manufacture compressed-air vehicles, street and railroad cars, etc.,
V. 70. p. 741. Stock, authorized, $8.000,000, of which $755,000 6 per
cent non cum. preferred. About $1,000,000 stock of the newcornpany w ill remain in the treasury. In April, 1900, made a mortgage
to the State TrustiCo. of New York, as trustee, to secure $500,000 20year 5 p. o. gold bonds.—V. 70. p. 844.
President, Henry D. Cooke; Vice-President, C. H. T. Collis; 8ec. and
Treas.. Henry A. Himely, 621 Broadway, N. Y. V. 70, p. 844, 897.
Com stock T u n n e l Co.-— u p . of A pril, 1897,p. 153; V. 69, p. 1149,
S
C o n so lid ated Cap H e a tin g Co.—O r g a n iz a t io n . —Supplies
steam and hot water apparatus for heating railway trains and elec
tric In aters for street cars, etc V. 70, p. 232. Stock, $1,250,000;
outstanding, $1,Ù 0,400; par $100. Dividends Feb. 15 and Aug. 15.
D iv’s— ) 1892 1893 1894 1895 1896 1897 1898 1899 1900
P ercent.)
3
3
6
.1
3^
Us
3
4
7ig
In 1899, Feb., lk i p. c.; Aug., 2*« p. c. In 1900, 2is p. c., including
1 p. o. extra; Aug. 1, 5 p. c„ including 31$ p. c. extra. V. 70, p. 1252.
Officers and directors, June, 1900, V. 70. p 1252. 413-423 North
Pearl St., Albany, N. Y.—V. 70, p. 232,1252.
C o n so lid ated L a k e S u p e rio r Co.—Has Connecticut charter,
and has acquired and w ill develop the water-power, estimated at
200,000 hydraulic horse-power, at Sault Ste. Marie, Michigan,
and Ontario. Owns all the capital stock of the following-named
companies, capitalized as follows: Michigan Lake Superior Power
Co., common stock$500,000, and 50-year 5p c.first M. 5s (see V. 69, p.
336) $3,500,000 ; Lake Superior Power Co. of Ontario, preferred
$500,000, common $1,500,000 ; Sault Ste. Marie Pulp & Paper Co. of
Ontario, preferred $750,000. common $1,250,000; Tagona Water &
Light Co. of Ontario, $200,000. See prospectus, V. 68, p. 1075. As to
Ontario Lake Superior Co., see V. 69, p. 900; V. 70 p. 40,1252.
Stock , E tc.—Stock authorized, common, $14,000,000, all outstand
ing ; pref., 7 p. c. non-enm., $6,000,000 in $50 shares, of which a few
represented by trust receipts are only part paid.—V. 70, p. 794.
Dividends on pref., September, 1899. to June, 1900* 7 p c. per an
num (14* p, c»¡ Q.-M.). Checks are mailed. President, E. V. Douglas,
Phila.; Bee., W .P. Douglas, Phila.; Treas., F S. Lewis Office, west
End Trust Building, PhÜa., Pa.—V. 69, p. 1303; V. 70, p. 232, 794.
C on solidated B a llw a y E le c tric L ig h tin g Sc E q u ip m e n t
Co*—Incorporated in New Jersey on Jan. 8,1900, to combine various
concerns engaged in furnishing electric and gts-lighting apparatus
and brakes for steam and electric oars, etc., viz.: Electrio Axle Light
& Power Co. (see S PP.j Jan., 1900): Columbian Electric Car Lighting
>
& Brake Ço.; European Railway Electric Lighting Co.: Lindstrom
Brake Co.; Railway Triplex Ticket Co. (V- 70, p. 78,178,534, 844,
1097.) Factory at Derby; Conn. In Mar., 1900, the lighting system
was reported to be in use on 180 cars. Stock, all Outstanding, $16.000,000, all common. No bonds. Pres., Isaac L. Rice. Directors, offi
cers, etc ; July, 1900, V. 71, p. 87.
»
C onsolidated W a te r Co. o f U tica, N , Y .—Incorporated in
Nov., 1899, and by purchase of existing properties acquired control of
practically all the water available for city of Utica, N. Y. V. 69, p.
956,1064. Stock authorized: common, $1;500,000; pref., 5 p. o fionoum., $1.000,000; par of shares, $100. Bonds, $2,500,000 30 yr. 1st
gold5s ($1,000 each), dated Nov, 15,1899, due Jan. I, 1930, int. J-J,
at Contin. Trust Co., N. Y., trustee, of whioh $500,000 were reserved
for extensions. Pres. Geo. L. Record. V. 69, p, 1347.
(W m .)C l*a ih p Sc Sons* Ship Sc E n g in e B u ild in g Co.—Incor-
in Penn, in 1871-72. Stock $5,000,000; issued, $4,848,000; par, $100.
B oni jS.—The $1,500,000 30-j ear gold 5s due March 1;1929 ($1,475,000 outstanding), have a sinking fund to redeem at. least $25,000
yearly and are subjeot to call at llO fo r sinking fund purposes.—V. 67,
p. 1810; V. 68, p. 383.
;
Dry’s.— ) ’92.
’93. ’94. ’95. *96. ’97. ’98. ’99.
1900.
Percent..,) 8&20so. 10 18
7 None. .. I V
5 Inc. June,2 V
Dividends payable Q.-M. 15 at Philadelphia office.—(V. 67, p. 1112.)
R eport —Report for 1899-0 in V. 70, p. 1073, showed $7,791,560
gross, pver 11 per cent ($536.262, against $331,250 in 1898-91 earned
on stock; $20,341,000 orders on hand. Dividends paid $242,400, 5
p, 0 .,,surplus, $293,862.-v . 70, p. 107 3; V. 70, p; 636, 999,1099,
. C um berland T elep h o n e Sc T eleg ra p h .—Organized in 1885,
and operates under direct license from American Bell Telephone <o.
through Southern Indiana and Illinois, Western Kentucky and Tennèseeé, and the entire States of Mississippi and Louisiana. V. 67, p. 176.
See also V* 68, p. 473 Am. Bell owns control In October, 1899,
purchased control of Ohio Valley Telephone Co., etc. As to purchase
of People’sTel. Co. of New Orleans see below.
Stock and bonds.—Stock authorized. $10,("00,000; outstanding in
creased in 1900 from $4 500,000 to $6,000 000.—V. 70, p. 534. Bonds,
$1,000,000 20-year gold 5s, due Jan 1, 1918 ($1,000 each); int., J&J,
at Wash. Trust Co., N. Y . In Feb., 1900, purchased the People’s Tele
phone Co. of New Orleans, issuing therefor $239,000 5 p. c. debent
ures, due 1920, subject to call on 30 days’ notice. People’s Telephone
Co.bad outstanding $300,000 gold VQ-year 6s, int. Â&Q, due 1918;
Central Trust Co., trustee. V. 70, p. 688.
D iv id e n d s .—From 1892 to 1897, both inclusive, 4 per cent; 1898, .5
p. c.; 1899, 6 p. c.; 19( 0, Jan , 1*« p. o.; April, l 1 p. c.; since (I).
«
E arnings.—For calendar year 1899. gross, $1.144,893; net above
fixed charges, $439,682; dividends 1 p. c.), $189,308; balance, sur
(6
plus, $205,374, V. 70, p. 232,534,.688.
D e n v e r Gan Sc E le c tric Co.—O r g a n iz a t io n .—Incorporated In
Apr.. 1899, as a consolidation of tha Denver Consolidated Gas and
Denver Consolidated Electric Çomiianies. stock, $3,500 000. Bonds,
$5,500,000 1st 50-year consol mortgage gold 5s, interest M N., due
May 1.1949: Continent nl 'Prust Co.. New York, trustee. The $2.650,000 óuts’tandlng stock and $2,400,000. bonds were issued to effect
the consolidation and provide $250,000 working capital. Underlying
bonds in 1900 aggregated $2,430,000 (see Supplem en t of July) 1899.)
Mar 1 to May 31, I hOO, 3 mos.* net. $76.685, agst. $89,797 in 1899.
For 12 mos. ending Feb , 8. net, $407,2$6 in l900; $363.441 in 1899.
Dividend, 1*3 per ot., paid Feb. 20, Í900.— 70, p. 127. Chairman,
V.
Emqrson MoMUlin, 40 W all St., N. Y. V. 69, p. 79,127; V . 70, p. 330.
D enver Union, W a te r .— consolidation Oct., ’94. Franchises
»A
run until 1910. Controls the water supply of the city of Denver, Col.,
and vicinity, and said to have about 400 miles of mains. Capital stock
ls$5,oOo,000 com mon and $2,500,000 of 5 p. e. non-oumulative p r e
ferred. Bonds $7,000,000. President, W. 8. Chessman; Secretary, W.
P. Miller: Treasurer, D. H. Moffat. (V. 69, p. 1014.)
D e tro it C ity G as.—Organized in March, 1898, and owns all the
gas properties in Detroit, Mioh. Has a contract till 1923 with the city.
Stock . -Authorized, $5,000.000; $4,560,000 outstanding; par, $50.
Dividends, 21* per cent, paid Nov. 15,1899; May 15,1900, 2^ p. c.
B onds .—The new prior lien mortgage is for $6,000,000, of which
$1,000,000 retained for future extensions and improvements add
$425,000 to retire the $397)000 old bonds not yet exchanged, and
$28.000 income 5s. Prior lien bonds are subject to call at 110.
E arrings.—J an. 1 to A pr.30,1900, net, $217,773; against $176,294;
net for fiscal year ending Dec, 31. ’99, $427,320, agst. $332,715 in ’98.
Officers .—President, Emerson MoMillin. New York; Gen. Man., H.
D. Walbridge, Detroit,, Mich. (V. 69, p. 908.)
D e t' o lt M a ck in ac À M arqu ette It It. L a n d G ra n t.—Land
grant unsold, 1,2' 0,975 acres In Northern Michigan, along the line
of the Detroit Mackinac & Marquette RR., foreclosed Oct., 1886.
Lands were free from taxation till 1898. Of the total issne of $4,560,000 30-year bonds, due Oct. 1, 1911, $1,215,000 have been purchased,
for $427,781 (about 3“ per cent per bond) and $324,000 have been re
>
ceived for land and canceled, leaving outstanding Jan. 1,1900,3,021,000 acres. From Oct., 1892, to April, 1900, 2 per cent yearly was
paid (1 p. o. each In April and Oct.) at Central Trust Cô., N. Y. See
statement covering period fiom Feb., 1879, to Jan., l900, V. 70, p.
684 —V. 69, p. 1061; V. 70, p, 684, 686.
D ia m o n d M a tc h .—O rganization , etc .—Organized In 1889
under lawsof Illinois. Owns factories at Boston, Mass., Barberton, O.,
Detroit, Mioh., Oshkosh, Wis„ Oswego, N. Y ., etc.; also store proper
ties at Baltimore and Philadelphia, and saw mills at Green Bay, Wis.;
Athol, Mass.; Keene, N. H ., eto., Miss., w ith extensive pine stumpage.
D iv id e n d s .—
) 1893.
1894.
1895. 1896 toJune,1900.
Since 1892, p. et. )
20
10
211g
10 (2^ quar.)
Stock .—Increased in 1895 to $11.000,000 (V. 59, p. 1058); in 1899
to $15,000.000 to extinguish the $1.250,000 floating debt, increase the
working capital and acquire Continental Match Co., etc.—V. 69, p. 592.
: Annual R eport .—For 1899 in V. 70, p. 278, showed net, $1,513,767; In 1898, $1,155,997 ; in 1897, $1,274,918.
J u l y , 1900.}
MISCELLANEOUS
COMPANIES— SUPPLEMENTARY,
IT I
For Securities Outstanding see the tables on pages 154 to 168, inclusive.
.
Officers .—President, O. C. Barber; Treasurer, J. K. Robinson; Seo’y,
R. E. W irt; Auditor, H. C. Cranz. Chicago.—(V. 70, p. 27 8, 897.)
D o m in io n Ir o n Sc Steel C o , - Organization —
Organized under
the laws of Nova Scotia on June 17,1899; is building iron and steel
¡works at "»yelney, Cape Breton, to have, it is said, a daily capacity of
800 tons of steel daily. Operations expected to be begun Sept, 1,
1900. Output in 1900 expected to be at least 2,250,000 tons. V . 70, p.
1051. !$tock. $l5t000.00Q, all issued; par $100. Bonds, $8,OOQtO O
O
first 5s; reported as sold, $6,000,000. V. 70, p. 1051.
D u lu th -S u p erio r B rid g e .—SURF, of July, 1898; Y. 67, p. 1263.
, E le c tric B o a t Co.—Organization .—Incorporated in New Jersey
pn Feb. 25, 1899, and has acquired all of the capital stock of the
Electric Launch Co., the Holland Torpedo Boat Co , etc. V. *9, p. 697,
853. ■Stock, common, $5,000,000: pref., 8 p. c., non-cum., $5,000,000.
Par, $100. Issued, common, $4,997,800; pref., $1.190,000. V. 69. p.
697 In July, 1900, the U. S. Gov’t agreed to purchase six submarine
- torpedo boats. V. 71, p. 32. President, I. L. Rice, 20 Broad S t—V.
69, p. 853, 1064; V. 70, p. 178, 742, 999; V. 71, p. 32.
i ft
E lectric Co. o f A m erica,—Organization .—A Philadelphia cbm
f iany. Incorporated in Jan., 1899, in NewhtJersey. V. 68, p. 85.
n 1899-00 purchased the electricooippanlep
Camden and Atlantic
City, ,N. Jf, Scranton and Altoona, Pa., Oorishohooken, Pa., Dunmoie,
Pa , Wheéling, W. Va., and cridgeport, O See list, V. 70* p. 943; V.
71, p. 87. In June, 1900, sold the Long-Island city and Jamaica
plants at a price reported as over $1,000 000, the proceeds to be
used to purchase other properties then under examination. V. 70,
p. 10-17, 1293; V. 71, p. 32. Stock, $25,000,000; par $50; issued,
$20,227,050, of which $7 50, or $3,034,063 paid in Jan. 1, 1900.
First dividend, 50 oents pe*- share, July, 1899; Jan., 1900,50 cents;
July 3 0 ,1900» 50 cents. Oiflce, Land Title Bldg.. Philadelphia. Re
port for year ending Deo. 31, 1899, was in V. 70, p . 943.
Officer * .- President, A. Loudon Snowden; Vice-President, William
J. Latta; Secretary, resigned; Treasurer, E. B. Bolll DirectorsM artin Maloney, William L. Elkins, Thomas Dolan, William J. Latta,
P. A. B. Widener, A. Loudon Snowden, Charles A. Porter, Joseph B.
MoCaU and James E. Hays.—Y. 70, p. » 4 3 ,1097,1293; V. 71,p.32, 87.
E m p ire Steel &: »ron Co.—Organization .—Incorporated in New
Jersey on Maroh 14,1899. V. 68, p. 524. Stoox, common. $5,000,000,
as increased Jan. 1900; pref , 6 per. cent oum., $5,000,000: par of
shares, $100. Total stock issued A pril 1,1900, common, $2,280,000;
prel., $2,3'0,000.. First dividend at the rate of 6 per cent per an
num, paid Jhly i , 1899, at offlee, 71 Broadway; 1900, 6 p. e.tJ.-J.).
. For list of properties acquired see V. 68, p. 926. President, Leonard
Peohitt, Oatasauqua. Fa.; Séc., Glen Wright, 71 Broadway, N. Y.
Gen Mgr. A Treàs.. W. L Sims. Exec. Com., Archer Brown, E. R.
Chapman, W. L1Sims. New York office, 71 Broadway.—V. 70, p. 178.
.
E qu itable Illu m in a tin g Gas L ig h t Co. o f P h ila d e lp h ia .—
gold 5s: due Nov. 1,1949 ($10O. $500 and $1,000 each c*), int. M-N at
N. J. Title Guar. & Tr. Co., Jersey City, trustee. Of the 5s, $8,150,000
have been issued; $600,000 are reserved to take up May 1,1904, Con
sumers’ Gas Works 1st 6s; and $1,750,000 reserved for future require
ments. President, E, F. O. Yonng; Vice-Pres., Sec., Robert W.
Elliott; Treas., Lewis L illie.—V. 69, p. 909, 957.
Illin o is E lectric V e h icle T r a n sp o rta tio n C o.—O r g a n iz a
—Incorporated in New Jersey on May 5, 1899, to operate eleotrie
vehicles of all kinds In Illinois. Controlled by the Electric Vehicle
Co, See V. 68, p. 927; V. 70. p. 689. Stock, $2,500,000, all common;
par $10. Issued $2,000,000; $5 per share has been paid in and the
remaining $5 w ill he called in sums of $1 or less at intervals of not
less than three months as required. V» 70, p. 586, 689.1293. Presi
dent, Samuel Insuli, 172 Michigan Ave., Chicago. V. 70, p. 1293.
t io n
In tern a tio n a l A u to m o b ile St V eh icle T ire C o.—O h g a n i-
za tio n .—Incorporated in New Jersey in April, 1899; factories are at
Chelsea and Newton, Mass, (see V. «8, p. 772). Stock authorized, com
mon, $1.500,000; pref., 7 p. • . cum., $1,500,000; par of shares, $ OO
*
each. On Mar 1, lfcOO, $2,368,000 stock had been issued. Bal. sheet
Mar. 1,1900, V» 70, p. 999.—V. 68, p. 772; V, 70, p. 999.
In tern a tio n a l Car W h e e l C o.—O r g a n iza tion .—Incorporated
in New Jersey on June 3, 1899. See list, V. 69, p. 130. Bias out
put of about 1,500 wheels daily. Stock authorized, common,
$10,000,* 00; pref. (as to asseis and dlv.), 7 per cent cum.,
$5,00'-,000. Par of all shares, $100. Present issue, common,$3,225,«00; preferred, $1,775,000. President, P. H Griffin, Buffalo; Coun
sel, Herbert L. Satterlee, New York City. Office, German Ins. Bldg.,
Lafayette Square» Buffalo, N. Y. V- 68, p. 1182; V. 69, p. 130.
In te rn a tio n a l N av ig a tion C o.—O r g a n iz a t io n , Etc.—Stock*
common, $5,0*>0,000, all issued; pref., 8 per cent non-cum., $10,000,000; outstanding, $9,205,000, all fu ll paid. Bonds are $20,000,000 Is *
30 year-gold 5s, dne Feb. 1, 1929, $1,000 each c.,* int. F-A at com
pany’s office, New York; Fidelity Insurance Trust & Safe Deposit Co...
Philadelphia, trustee; outstanding, $13,000,000, issued to retire old
bonds, etc., balance being reserved for new property. Tney are sub
ject to c&ll at par after 1909 and a sinking fund of $250,000 to $500,000 w ill retire bonds annually, beginning May 1, 1905. See V. 68, p.
1076. First dividend on pref., .2 p, c., paid July 2,1900. V. 71, p. 33.
—V. 68, p. 282, 331, 524, 671, 1024,1076; V. 71, p. 33.
In tern a tio n a l P o w e r Co.—Or g a n iz a t io n .—incorporated in
New Jersey on Jan. 14, l899, as the International A ir Power, and
name changed in Mar., 1899. In Feb. and Mar., 1899. purchased
plants of R. I. Locomotive Wks. of PTov., R. I.; Amer. Wheeloek En
gine Co. of Worcester, Mass., and in June, lt<00, was aequtring Corliss
Steam Engine Works of Providence, R. I. See V. 68, p. 671. Stock*
common, $7,400,000; pref., 3 p. o., $600,000. First mortgage 4 p. c.
bonds, $225.000, due Feb. 1, 1919, secured on R. I. Loo. Wks. and
Amer. Wheel. Eng. Co. First dividend on preferred. 6 p.o. for the year1899» was paid March 15, 1900. See official statement, V. 70, p. 432.
-Pres.» Joseph H» Hoadley, 253 Broadway, N, Y.—V. 71, p. 13 4,13 7.
J ou rn ea y Sc B u r n h a m .—Balance sheet April 1,1900. Y. 71, p.
134. See reorganization plan V. 70, p. 1293.
K a n sa s C ity , H o ., Gan Co.—Organized In April, 1897, In
Missouri and Acquired all the property, franchises, etc., of the Kansas
City Gas and Missouri Gas companies» Capacity of 4,000,000 cubic
feet a day; 235 miles of main pipé; meters in use July 31,1897,20,280.
Capital stock, $5,000,000: par, $10O. Bonds outstanding, $3,822,000
gold 5s, due April 1,1922, subject to call at 105. Interest is payableA. & 0. ait N. Y. office of Gùarahty Trust Co. or M. & N. in London.
Net earnings.May 1 to Apr. 30» 1900 (12 months), $286,'357; interest*
$191,100; balance, $95,257. President, M. J. Payne.—(V. 71, p. 8 2 .)
L o co m otive Sm oke P reven ter C o.—O r g a n i z a t i o n . —Incorpor
ated in Delaware In July, 1899. ' (See V. 69, p. 229.). Stoofc, $6,000,000, all common; par, $100. President,! Josiah Quincy, Boston;.
Treasurer. Geo. D. Provost, 20 Broad Street, New York. Gen. Mgr.,
A. Freeman. Office, 203 Broadway, N. Y.—V. 69, p. 229. ,
H ad Iso n Square G ard en . —Owns in fee a block of land In New
York City, together w ith building thereon. Stock $2,000,000, (par
$100).
Reorganization Committee,—F. K, Sturgis and W. C. G ulliver; deposi
tary, JY P. Morgan & Co., N. Y. P l a n , Y. 65, p. 195, provides for fore
closure under 2d mtge.; old 2dmtge. bonds assessed $400 per bond and
stock $2 50 per shaie.—V. 65, p. 620.
.
Bondholders Qàmrnitteé.—Isiuor Worinser, Charles- T. Harbeek and
John 8. Tilney ; depositary, I. & S. Wormser, M ills Biplding, N. Tf,
D ireîctors (May, 1900) : F. K. Sturgis* J, Pier pont Morgan, D. O
Mills, Charles Lanier, H. H. Hollister, ,W. F. Wharton, Stanford
White, W, C. Gulliver. Jaffies T, Woodward, H . I. Nicholas and James
C. Young —V, 67, p. 690; V 68, J> 85; V. 71, p. 137.
,
M a x w e ll Land. G ran t«—See S u p p l e m e n t April, 1897, p. 154.
M o n o n g a h e la R iv e r Coal St Coke Co. —(“ River Coal Consoli
dation.”)—O r g a n iz a t io n . Incorporated in Pennsylvania in 1899 to
consolidate coal interests along the Monongali ela River, and coal traf
fic to New Orleans, etc., including 200 steamers and 4,000] coal
boats and barges, and eoal elevators, etc. Owns between 36,000 and 37,000 acres of coal, exclusive of surface. Report
ed to have an agreement as to territory with Pittsburg Coal
Co. (“ Rail Coal Consolidation”)—which see. For fu ll iiet of
constituent concerns taken over Oot. 2, 1899, see V. 69, p. 1065.
Stock, common, $20,<>00,000; preferred, 7 p. o., $10,000,000. P ar of
all shares, $50. First semi-annual dividend on pref., 3 ^ p. o., paid
July 10, 1900. V. 71. p. 33. Bonds, $10,000,000 50-year gold 6s.
President, John B. Finley; Treas., Geo. I. Whitney, Pittsburg, Pa.—V.
69, p. 1065; Y. 71, p. 83.
Organized in 1898 by United Gas Improvement Co:, which o wns a
majority of the stock, to operate the gas works leased from city of
Philadelphia. See full particulars in V. 66, p, 426 Common stock
Issued, $3.125,000 ; preferred stock, 4, per oent for first year and 6 per
cent thereafter, $3,125,000. Sinking fund of $124,000 yearly is to re
tire bonds at 105; and beginning in 1908 the Iihprovement Co. agrées
to create a sinking fund to retire the stock in 1928, when the property
is to revert to the city. Lease may bb terminated by city in 1908 on
making certain payment. Dividend, 4 p, c. on p ref , paid Deo. 15,
1898. On July 1 ,1899. 3 p. c.; Deo. 14. 8 p. e.; in 1900, July 2, 3 p. c.
On common. Deo, 14. 1899, 6 p. c. For calendar year, 1899, gas
sales were 3,564,610.610icubio feet, as against 3,<>32,074,650 in 1898;
receipts ($1 00 per 1,000 feet), $3,564,611, against $3,042,075, of
which eity. received 10 p. c.—V. 69, p. 957» 1196; V. 70, p. 232.
F ish eries Co.—Organization . Incorporated in New Jersey on
May 25 as a reorganization of the American Fisheries Co. (see V. 66,
p 132) per plan in V. 70, p. 1050; Y. 70, p. 1052, Stock, authorized,
common, $ 1,000.000; prei.,7 p o. non-cum., $¿,000,000; par of shares,
$l00. Bonfis, $500,000 first mortgage 5-year 6s, subjecttq redemp
tion by annual drawings from profits after payment of interest, 6 p. o.
on pref. and 5 p. o. on common stock. Direct'-rs: Thomas Russell,
Nathaniel B. Church, L. E Warren, Wm. M. Tvins, Charles B. Hobbs
and John E. Searles. V. 70, p. 1052. •'
:
-'
G ran d R a p id s G a s-L ig h t Co.—Owns by purchase all property of
the Grand Rapids Gas Co,, with a capacity of 1,500,000 cubic feet per
day.—V.69.p.662. Stock. $1,000,00«; par, $50. First m ort.,$1,225.0<>0
20-year gold 5s, due February 1,1915, fUbjeot to call at 110, interest
(F.&A.) at Em. McMillin & Co., 40 Wall 8t.; Cent. Tr. C°.. trustee.
. D ivid en d s .—*96,5; ’97, 5; ’98, 5<2; in *99, 6; in 1900. May Î9 , 3.
E arnings.—Jan. 1 to May 31,1900, net. $74,848, agst. $62;500*, net,
earnings year ending Deo. 31,1899, $166.096, against $140,<>19.
Fresi., Emerson MoMillin.—V. 64, p. 662.
G re a t L akes T o w in g Co.—Organization .—IneorporatedinNew
Jersey on July 6,1899. as a consolidation of towboat companies along
the Great Lakes. See V. 69, p. 79, 593. Stock authorized, common,
$2,500,000; pref., 7 per cent non-cum., $2,500,uOO. > Issued Oct., 1899,
$1,675,000 each of common and preferred. Par of shares $100.
Pres, and-Treas., T. F. Newman, Cleveland, O.; See., M. H . Wardwed, Cleveland, O.—(V. 69, p. 1196.)
H a v a n a C o m m ercial Co.—Organization .—Incorporated in
New Jersey on March 4, 1899. V. <9, p. 4?3. Manufactures and excigars and Cuban
Î torts Havana p. 926. Capacity saidleaf tobacco (owning also tobaoco
ands). V. 68.
to exceed 100,000,000 cigars annu
ally; present output, 65,000,000. Stock authorized, common, $12,500,000; prrf , 7 per cent, cum., $7,500,000; outstanding, common, $10,600.000; pref., $6.000,000; par, $100 per share. Y> 69, p. 428, 926.
Dividends on pref., Oct., 1«99. to April, 1900, 1% p. e quarterly
M o u n t V e rn o n -W o o d b e r ry Cotton D u ck C o.—O r g a n iz a *
(Q.-J. 15). Tbe July, 1900, dividend was passed and a committee ap
n .— Incorporated In Delaware in Aug.,
as a consolidation e*
pointed to prepare a plan to fund thelfloating debt,$1,500,000. V. 70, t iocotton duck mills— in Baltimore, Md., 11899,in Laurel and Frank*
14
9
each
p 1252 1^93
, t\. u
lin, Md., 1 In Tallahassee, Ala.,1 in Hartford, Conn., and 1 in Columbia*
Balance sheet of Deo. 31,1899, was in V. 70, p. 840; bills payable,
cent of the eotton
the U. S*
$1,747.500. Profit, Mar. 3 to Dee. 31. 1899, $497,844; dlv. (3*9 p. c.) S. O., claimed to produoe 90 perall outstanding; par,duck inper share*
all common;
$100
' on $6 ,0 0 0 ,0 0 0 pref., $210,000; net profit to pec, 31, 1899» $2*7,944. Stock, $9,500,000, Deo. 31, 1899, l ^ p. e., paid Mar. 1, 1900. Bonds,
Div. for 3 mos. to
Pres., H. B. Hollins, New York; Vice-Prés, and Resident Director, $8,000,000 first M. 50-year gold 5s, due Sept. 1,1949 ($1,00« each, o*),
Francisco Garcia: See. and Treas., Ford Huntington, 32 Broadway, N. int., M. & 8., at Continental Trust Co., Balt., trustee; $1,000,000 re
Y .—V. 70, p. 1293.
served for future requirements. Also $6.000,000 income 5s, due Jan.
H e r r ln g -H a ll-M a r v ln C om p an y.—Organization , P roperty , 1,1950, International Trust Co. of Maryland, Trustee («1,000 each)*
E tc.—Organized in 1892. See adv. in Chronicle of May 14, 1892. Int. pavable when earned, J. & J., at Contin. Trust Co., Baltimore.
Capital stock is $3,300,000, of which $1,800,000 eum. 8 p. o. pref.
Net earnings for 4 mos ending Dee. 31.1899. about $600,000. V. 69,
R eceivership .—On Deo. 24,1897. W. D. Pownall and Geo. R. Gray p. 127. S. Davies Warfield. Chairman of Board; President, Richard
wer appointed receivers. V. 65, p. 1220. See statement of President. Cromwell, Equitable Bldg., Baltimore, Md,.—Y .' 0, p. 689
V. 66, p. 38. Reorganization Committee —Chairman, Otto T. Bannard,
N ation a l C arbon C o.—O r g a n iz a t io n .—Incorporated in New
Robert C. McKinney, Gilbert A. Phillips, P. Hathaway, H. A. Tenney. Jersey on Jan. 16,1899, V. 68, p. 85, 130. Stock, common, $5,500,—V 68. p 282. Plan of reorganization in V. 68. p. 232, and modifica 000; pref., 7 per cent non-cum.. $4,500,000. Par of shares, $100.
tion V. 70. p. 689; V. 68, p. 1225; V. 69, p. 745: V. 70, p. 432. On May Dividends on pref. July 15,1899,1 \ p. e ; Oct., 1% p. e.; 1900, Jan.,
31, 1900, the Hamilton, O.,: plant was sold to the reorganization com 1^ p. o.; March 15,1% p. o. Dividend period changed in Feb., 1900,
mittee. Sale has been confirmed. V. 70, p. 1098,1252.
to Q.-F. 15; May 15,1900,14j p. c.; August, 1%. Statement for year
annual R eport .—Fiscal year ends May 31. Report for 1896-97 ending Jan. 31, 1900, in V. 70 p. 428. showed: Net earnings, $451,showed loss on operations for year, $63,000. See V. 6R. p. 38. N. Y. 687; dividends ( ' p. e ) on preferred, $315,000; additions, deprecia
tions, etc., $100,742; bai., sur., $35.945
office, 54 and 56 Bleecker S t.-V . 70, p. 432, 689, 844,1098,1252.
Pres.. W. H . Lawrence; Treas., H. E. Hackenberg; Sec,, H. J. Davies.
H udson C o u nty G as.—Organization —Incorporated In N. J. in
Oot., 1899, as a consolidation of N. J Gas L. Co.. Peoples’ Gas L. Co. Main office, Cleveland.—Y. 68,p. 977; V. 70, p 4 2 8 , 432.
N ation al E n a m e lin g Sc S tam p ing Co.—O r g a n iz a t io n .— In
of J Ci. Hudson County Gas. L Co., the Consumers’ Gas Co, of. J. O.
and Bayonne & G Gas L. Co.—V. 69, p. 80,796. Stock, $10,500,000, corporated in New Jersey on January 21,1899. See prospectus in V.
mostly owned by Unit. Gas. Im pt. Co. Bonds, $10,500,000 50-yr. 1st 68, p. 187. V. 68, p. 474. Stook common, $20,000,000 ; pref., 7 p. o.
179
MISCELLANEOUS
COMPANIES— SUPPLEMENTARY.
[VOL. LXXI.
For Securities Outstanding see the tables on pages 151+ to 168, inclusive.
cum., $10,000,000; outstanding Deo. 31,1899. $14,038,100 common, Treas. and See., Thomas K. Cummins, Jr. Office, 15 Congress St.,
and $7,358/00 pref. stock. Quarterly dividend on pref., 1% p. c. Boston.—V. 70, p. 483, 534, 68 5. 689.743.
paid March 3 1 ,1U00; June £0,1% p. c.
N ew Y o r k A ir B r a k e .- Incorporated under laws of New Jersey
Underlying mortgages, St. Louis Tin Plate, $400,000; American
Stamping Co., $200,000; bills payable Dec. 31. 1899, $650,900 Works at Watertown, N. Y.; capacity, 300 sets of car brakes a day.
In 1896 dividend 6 p. c.; in 1897 and 1898 none; Oot.. 1899, to
merchandise on hand $3,392,491; accounts receivable, $600,462.' Net earnings from Feb. 1 to Dec 31,1899, first 11 months, $1,- July, 1900, incl., 2 p. c. quar.(8 p.c. per an.). The stockholders voted
322,374; dividends on pref.. $490,497. leaving a surplus of $'31,877. Aug. 16,1899, to increase the stock from $5,000,000 to $10,000,* 00.
President, Fred’k G. Niedringhaus; Sec., Wm. H. Matthias; Treas., Of the new Btock $1,250,000 was subscribed for by stockholders at par
Jas E. Ingram. N. Y. office, 81 & 83 Fulton St.— 70, p. 283, 7 9 o. ($100) for extension of business.—V. 69, p. 181, 388. In March,
V.
1900, had no bonded or floating debt. As to favorable decision in
N ation a l G lass C o .—O r g a n iz a tio n .—Incorporated in Pennsyl July, 1899, in patent litigation, see V. 69, p. 181,442; V. 70, p, 636.
vania on July 5,1899, as a consolidation of tableware manufacturing
D ir e c t o r s .—President, C. A.. Starbnck, 66 Broadway; Vice-Prest.,
interests. V. 69, p. 61. For list of 19 companies taken over Nov. 1, DanielMagone; Secy, and Treas., John C. Thompson; Asst. Treas.,
1899, including the ten largest factories ohtside of the U. 8. Glass Co., C. H. Chaffer, Anson R. Flower, H. A. Rogers, J. C. Young and
V. 69, p.1015. Present capacity, 678 pots. For 8 outside concerns, Anthony N. Brady. V. 69, p. 181, 388, 442, 647; Y. 70, p. 636.
capaoity 280 pots, see Y. 69, p. 1015. Stock, all common, $4,000 oOO,
N ew Y o r k 6c E a st R iver F erry .—Owns the “Astoria” Ferry bee
outstanding, $2,250,000; par of shares, $50. Bonds, $2,000,000 tenyear Is tM . gold6s, dated Nov. 1, 1899, UnionTr.Co. of Pittsburg, Tr tween Astoria, L. I., and foot of 92d St., New York, and has three ferry
<$l,000eacb, o*), one-tenth payable yearly Nov. 1, in numerical order boats. Capital stock, $750,000; dividends are payable Q.—M.: in 1895,
?.;il898, 5; 1899 to June, 1900, inch, 5 per an
beginning with number one; int., M. & N. at T. Mellon & Sons’ Bank, 3 p. o.; 1896,4; 1$97, 4 1
Pittsburg, Pa. Earnings in 1898 of properties consolidated, gross, num. Bonds, $750,000 1st 30-year gold 5s due Nov. 1, 1922, int$4,265,000; net, $407,238. See official statement, V. 69, p. 1304. M.-N., at Kings Co. Trust Co., Brooklyn. Directors—William A. Nash.
President, H . C. Fry, Rochester, Pa.; Vice-Pres., O. J. Bockius, Theo. F. Jackson, H. K. Knapp, Emanuel Lehman and RoswellEldridge.
Marion, Ind.; Sec., Addison Thompson. Office, Pittsburg, Pa.—V. 68,
N ew Y o r k E lectric V eh icle T r a n sp o r ta tio n C o.—Or g a n
p. 1182; V. 69, p. 81,131, 593,1015,1065, 1304.
iz a t io n .—Incorporated in New Jersey on Feb. 23,1899, and operates
under license from the Electrio Vehicle Co. Stook, $25,000,000; par,
N a tio n a l R ic e M illin g .—See fu ll statement V. 55, p. 49.
$100, of which $23,500,000 stated to be outstanding, $10 paid in. V.
N ation a l Salt C o.—Or g a n iz a t io n .—Incorporated in New Jersey 68, p. 1025. Owns Fifth Ave. Stage line. V. 70, p. 844. Statement
on March 20,1899. Stock, common, $7,000,000; pref. 7 p. c. non- for year ending Deo. 31,1899, with balance sheet, was in V. 70, p. *40.
cum., $5,000,000, all outstanding. Par of shares, $100. Div. on pref., President, Harry Payne Whitney; Vice-President* E. D. Morgan; Sec.
1% p. o., July 24,1899, to Jan. 24, 1900,13i p. o. quarterly: May 1 and Treas., Arthur Phillips.—V. 70, p. 689, 840, 844.
and Aug. 1,1900,1% p.o. each. First quarterly div. on common 1*2 p.c.
N ew Y o r k 6c H o b o k e n F erry C o.—Incorporated Nov. 10,
and extra div. ¡a p. c., payable Aug. 1, 1900. Checks mailed. See
prospectus. V. 68, p. 524. Annual output increased Oot., 1899, from 1898, under the laws of New Jersey as successor of the Hoboken Ferry
6,300,000 to 10,800,000 barrels, claimed to be over 90 p.c. of total out Co., operating from Barclay Street, Christopher St. and West 14th St. to
put of the U. S. Y. 69, p. 853. Report showed earnings from Apr. 15 Hoboken. Stock, $4,000,000; outstanding, $3,300,000. Of the new
to July 1, 1899, of 7 p. c. on preferred and over 10 per cent on com $4,000,000 gen. 5s $700,000 were reserved for improvements. Bonds
mon stock. See V. 69, p. 230. Pres., A. S. White; Sec. and Treas., are redeemable at 110 on any interest day. Dividends, Dec., 1899, to
John Alvin Young; Asst. Sec., C. L. Paar. Office, 26 Broadway, N. June, 1900, inclusive, 1 p. o. quarterly (4 p. c. per annum).
Y .—V. 69, p. 230, 853; V. 70, p. 798.
N ew Y o r k M u tu al T e le g ra p h .—Successor to the Mutual Union
N a tio n a l S ugar R e fin in g .—O r g a n iz a tio n . —Incorporated in Telegraph Company. The stook carries dividends of 6 per cent per
New Jersey on June 2,1900, to take over the New York Sugar Refin annum under a lease for 99 years from February 15,1883, to Western
ing Co.’s (Dosoher) refinery, Long Island City, the Mollenhauer refin Union Telegraph. The Western Union gives its collateral trust bonds
ery, Brooklyn, N. Y .. and the National refineries, Yonkers, N. Y. The in exchange at par for the stook and bonds of this company.
capacity of the new company w ill be 10,000 barrels daily., V. 70, p.
N ew Y o
T e lep h o n e.—
1896 this company took
1098; V. 71, p. 31. Stook authorized, $10,000,000 6 p. c. cumulative business of r k Metropolitan T.In T. Co, with exclusive rightsover the
the
&
under a
preferred and $' 0,000 000 common stook, of which a portion w ill re perpetual license from the American Bell Telephone Co. to the tele
main in the treasury. No bonds. President, James H. Post; Vice- phone business in city of New York and suburbs.—V. 63, p. 229. On
Pres. and Treas., F. D. Mollenhauer; Sec., H. D. Cory.—V. 70, p. 1151. Aug. 8,1900, the stockholders w ill vote to increase the authorized
N ation a l T elep h o n e & T eleg ra p h Co —O r g a n iz a tio n .—In capital stock from $16,000,000 to $20,000,000. V. 71, p. 83.
corporated in New Jersey on July 10,1900, as successor of the TehN iagara F a lls P o w e r C om p an y. T h e .—Organized in 1886 and
»honeTelegraph A table Co., which
J (V. 69, p. 1197). and in Feb., 1900,acquired various independent has authority by special acts of New York State to use the water of
ines
also obtained control of the Niagara Rivw and also to transmit any power, heat or light developed
Erie (Bell) Telegraph & Telephone Co. through the purchase of $5,000.- from such water to practically any point in New York State. Has
100 of the $10,000,000 stock, and offered to purchase the minority 1,071 acres
Tunnel first opened January 1, 1894. Electrical
stook, giving in exchange its collateral trust bonds. See B onds below. horse powerof land. 25,000, and 8,000 delivered to and used in Buffalo.
in use,
V. 70, p. 432; V. 71, p. 88.
Stook authorized by charter $10,000,000; by stockholders $6,500,St o c k & B onds .—Stook authorized, $50,000,000. The Teleph. Teleg. 000. Issued, $3,331,000. Mortgage $10,000,000 covers 1,071 acres in
&' Cable Co. had $30,000,000 stook in $50 shares, of which$7 50 has city of Niagara Falls, tunnels, franchises, etc. Coupon mort. bonds
&
been paid and $2 50 called for payment on July 30.1900 See circular, are $1,000 each, int. J < J: registered. $500 or multiples of $500, int.
V. 70, p. 538. Collateral trust bonds dated April 1, 1900, are secured Q.-J. Debentures, dated A pril 1,1900, are issuable for extensions,
by the majority holdings of Erie stock, aud w ill be further secured by improvements, etc., being convertible into stock $ for $ at holders’
so much of the minority Erie stook as may be exchanged on the basis option on or before A pril 1. 1905, stock having been authorized to
be increased from $3,500,000 to $6,500,000 for that purpose. See
of $1,200 in bonds for $1,000 in Erie stock.
D ire cto rs .—Harrison E. Gawtry, Charles W. Morse, Francis M. V. 70, p. 689. President, D. O. M ills; Sec., V.-P. and Treas , W illiain
Jenoks, James K. Hays, W illiam H. Gelshenen, John Jacob Astor, B. Rankine N. Y. office, 15 Broad St.—(V. 68, p. 1133; V. 70, p. 689;)
Henry R. Wilson, Frank Tilford, George Crocker, Daniel O’Day and
N iles-R em ent-PondL Co.—Or g a n iz a tio n .—Incorporated in New
M artin Maloney, New York; Oakes Ames; Z. H. Holbrook and Charles Jersey on Aug. 11,1899, as a consolidation of the Niles Tool Works
E . Adams, Boston; Joseph B. McCall and William J. Latta, Philadel Co., etc. Said to control the heavy machine trade of the oountry.
phia; Hugh J. McGowan, Indianapolis; J. Henry Cocbran, Williams V. 69, p. 388 Stook, common, $5,000,000; pref., 6 per cent cum.
port. Pres., William J. Latta, 100 Broadway, N. Y.—v771, p. 88.
(subject to call in 1911 at 105). $3,000,000, of which $1,000,000 re
N ation a l T in P la te & Stam ped W a r e Co.—Or g a n iz a t io n . mains in the treasury to acquire the minority interest in the Niles Tool
arranging to acquire control of the
—Incorporated in N. J. Jan. 26, 1899, in opposition to Nat. Enamel Works Co, Tn July, 1900, was 139. Par of shares, $1« 0. Constitu
ing & Stamping Co.—see above. V. 68, p. 187, 474. Stock, common. Pratt & Whitney Co. V. 71, p.
ent companies acquired free of bonds or other incumbrances. Div. on
$10,000,000; pref., 7 p. c., cum., $10,000,000.—V. 68, p. 474.
preferred paid Nov. 1899, to May 2 i, 1900, l 1 p. o.quarterly, (Q.«
N ew ark C on solidated G a».—O r g a n iz a tio n .—Incorporated in F.) For 4 mos. to Oot 31, 1899. earnings were $341,214. V. 69, p.
New Jersey on Nov. 30,1898, and owns or controls all the gas plants 1065. Pres., R C. McKinney; Treas., Chas. L. Cornell; Sec., E. M. C.
tributary to Newark between Passaic and Elizabeth. N. J. stock, Davis, 136 Liberty St.,N. Y . V. 69, p. 1065.
$6,000,000, all common. Bonds, $10,000,000 consol. 50-year-gold 5s,
Ogden Gas (C h ic a g o ).—Supp. of Jan., 1898.—V. 70, p. 1252,1294.
due Deo. 1, 1948, int. J-D at Fidelity Trust Co., Newark, trustee
($1,000 each c*), of which $4,600,000 outstanding, $4,025,000
O h io 6c In d ia n a N atu ral 6c I llu m in a tin g G as.—Or g a n iz a
reserved to refund the $4,000,000 Newark Gas Co. 1st 6s and $25,000
Montclair Gas & Water Co. bonds, due July 1,1903; and $1,375,000 tion .—A consolidation incorporated in N. J. on Deo 29.1899, per
for future improvements and extensions. Dividends increasing from plan V. 69, p. 1251. Stook $10,000,000, of which $1,000,000 to ac
per cent per an. in 1900-01 to 5 p. o. in 1909-10, and thereafter are quire new gas fields, See official statement to N. Y. Stook Exchange,
p.
guaranteed on the $6,000,000 stock of the consolidated company. V. 70, at 994. Dividends of one p. o. each paid Maroh 1 and June 1,
Corn Exchange Rank.
Price of gas reduoed to $1 per 1,000 cubic ft. April 1, 1900. V. 70. 1900,
Underlying bonds, $820,000 Ind. Nat. & 111. Gas 6s (int. M-N),due
p. 534.
Leased for 999 years from Dec. 1,1898, to United Gas Impt. Co. 1908; $1,705,000 Logansport & Wabash 6s, J-D, due 1925; $1,955,000
and lease assigned to Essex & Hudson Gas Co. ($4,325,000 stock of Fort Wayne, 6s J J, due 1925; $970,000 Lafayette tfs, M-N, due 1924;
latter being owned by the U. G. Im pt. Co,), buttheU. G. Im pt. Co. w ill #1,955,000 Ohio & Ind. 6s (J-D), due 1926 Earnings of five constit
for the first six years be directly responsible for all payments under uent companies for year ending Deo. 31, 1899, were: Gross, $1,961,lease. Terms of lease, dividends on stook, etc , see V. 67, p. 1002. 37»; net, 1,332,613; interest on bonds, $454,875; dividends, *362,500; construction, $486,962; bal., sur, $28,276. Prest., Chas. F
Pres., T. A. Nevins; Sec. & Treas., U. H. McCarter.— 70, p. 534.
V.
Dieterich; Treas , A. B. Proal, 45 Broadway, N. Y.—V. 70, p. 948,994*.
N ew Central Coal (M d .).—Owns coal lands in Allegheny County,
O m a h a W a te r C o . —O r g a n iz a t io n .—Successor in 1896 of Amer
Maryland. Tons mined in 1898, 203,677; 206,262 in 1897, 188.453 ican Water-Works Co. of Illinois, per plan in V . 62, p. It 85. Stook
in 1896, 201,826 in 1895, and 151,002 tons in 1894; net profits, authorized and outstanding: Common, $2,500,000; first pref., 5 p. o.
in 1898, $37,397; in 1897, $32,006: in 1896, $23,018. N. Y. office, 1 non-cum., $750,000; second pref., 5 p. c. non cum., $1,000,000 Par
Broadway. In 1898 reduced the stock from $5,000,000 to $1,000,000 of shares. $50 Preferred stocks are subject to call at par, dividends
and shares from $100 to $20. V. 66, p. 901,1140; V. 64, p. 515.
being paid at Farmers’ Loan & Trust Co., New York. Dividends paid
D ividends — > ’86. ’ 87. ’ 88. ’ 89. ’90. ’91 to ’94. ’95 to ’ 97. ’ 98. ’99. ’00 on first preferred: 189*. 5 per cent; 1899,5 p. e.; 1900, 5 p. o.: [2*s p.
flince 1884 p.c. > 1 1 1 0
0
1
0
2 4 Apr.,2 c. F.&A ] On|second pref. 1 p. c. paid Aug. 10, 1899; Feb. 10, 1900,
1 p. c.; Ang. 10,1900,1 p.e.
—V. 66, p. 901,1140; V. 67, p 29.
Bonds: City water-works 6s,
sub), to call in
N e w E n g la n d C otton Y a rn .—Organization .—Incorporated in 1900; prior lien 20-year gold $188,000, due 1905, int. J-J, subj. to
5s, due July 1,1916,
New Jersey on July 5,1899, as a consolidation of 9 yarn mills of New
Bedford. Fall Riveriand Taunton.—V. 69, p. 28, 81, 181. In March call at 105, $ t .500,000 ($484,000 outstanding), of which $206,000
1900, application was made for a charter in Massachusetts for the’ were reserved to retire the old 6s; consol. 50-year gold bonds, due
New England Cotton Yarn Co., to which it was proposed to transfer 1946, $6,000,000 ($3,579,000 outstanding, subject to call at 105, int.
the New Jersey corporation. V. 70, p. 587, 294. See V. 69, p. 1009 2 ^ per cent to Jai*. I, 1899, 4 ^ per cent to July 1,1901, thereafter 5
Securities .—Stock authorized, common, $5,000,000; pref. (as to p. o. President, Theodore C. Woodbury. Portland, Me.; Sec., Harry
assets and div. and subject to redemption after Jan. 1,1900, at $140 Miguels Verrill; Treas., Stockton Heth, Omaha, Neb—V. 69, p. 131.
O ntario 6c L a k e Superior Co.—See V. 70, p. 40,1252.
per share), 7 p. o. cum., $6,500,000, outstanding, as in table. Aggrenet earnings for year were $1,106,197. Balance sheet of Mar. 1.1900
P aterson 6c P a ssale G as 6c E lectric C o.—O r g a n iz a t io n .—
was in V. 70, p. 1093.
’
’ A consolidation in 1899. Has perpetual franchise, and is the only
D iv id e n d s .—First div. on pref., 3t* p. c. for 5 ^ mos. from Julv 15 company supplying gas or eleoiricity in Paterson, Passaic, etc. See
application to list securities, V. 71, p. 36.
to Dec. 31, l$99, paid Jan. 1.1900; July, 3*0 p. c.
Underlying bonds, V 71, p. 37. Net earnings for 12 months en ding
Pres., Andrew G. Pierce, New Bedford. -V . 70, p. 587,1093,1294.
Mar. 1, 1900. #275,272; interest, $219,987; bal., sur., *55,285.
N ew E n g la n d E lectric .V e h icle T ra n sp o rta tio n Co.—
Stock, $5,000,000 ail outstanding (par, $100), ot which large major
Organization .—Incorporated in New Jersey on March 22, 1899.. ity owned by United Gas Improvement Co. Bonds $5,000,000 50-year
Operates motor vehicles; Stock, $5,000,000 (par, $10); issued April. gold consol 5s, due March 1,1949 (Paterson Safe Deposit & Trust Co.,
lt ’OO, $2,242,600, full paid. See V. 70, p. 483, 534, 689. Bal. sheet trustee), of which $3,317,000 outstanding, $1,059,000 reserved to re
March 1,1900. V. 70, p. 689, 743. President, George von L. Meyer; deem underlying bonds and $624,000 for improvements andaoquisl-
J u l y , 1900. J
MISCELLANEOUS
COMPANIES—SUPPLEMENTARY,
193
lip** For Securities Outstanding see the tables on pages 15£ to 168, inclusive.
tions; in t M-Sat First Nat. Bank, Paterson, N. .T., and First Nat. B'k,
N. Y. President, William Barbour, Paterson, N. J.—V. 71, p. 36.
P en n sy lv an ia Electric V e h ic le — Orga.tftzvriov.—Incorpor
ated in New Jersey as Philadelphia Motor. Wagon Co. and name
changed about March, 1899. Sto 'k, common, $4,000,000 preferred,
all outstanding; 6 per cent, cum., $2,000,000,20 per cent paid in. Par
of shares $i0. Has license from Electric Vehicle Co. to operate in
Penn. Pres., W. W Gibbs, Drexel Bldg., Phila,—V. 68, p. 430.
P ittsb u rg C oal C o .—(“ Bail Coal Consolidation ” )—O r g a n iz a
t io n —Incorporated in N. J. in Sept. 1899, and in Oct., 18 *9; acquired
praotioally all the large coal mines tributary to railroads in the Pitts
burg district, together with ooal and ore docks, loa ling and unloading
plants at Duluth, Chicago, Milwaukee, Cleveland, Ashtabula and other
lake ports. Owns about 130 coal mines, with equipment, and about
1,000,000 acres of coal lands in, or within a radius of 40 miles of Pitts
burg, together with some 4,000 ooal oars operating oyer >aiiroads radi
ating from Pittsburg, The estimated tonnage for 1899 20.000.000
tons. Has arrangement for division of territory with Monongahela
River Coal & 1
’oke Co., which see.
St o c k —Authorized, common, $32,000,000; preferred 7 per cent
cumulative. $32,000,000. Par of each, $100 per shire. Outstanding,
March. 1900. oommon, $29,626,900; preferred, $29,124,200. Divi
dends on pref., 1% p. c., paid Jan. 25, Apr. 25 and July 25,1900.
O ff ic bks .—Francis L. Bobbins, Chairman o f the Board; President,
Frank. M. Osborne; Vioe-Pres., James C. Dysart; Treas., Upson A.
Andrews; Sec., Charles W. Baine, 232 5th Av., Pittsburg. — 70, p. 40.
V.
P lan ters’ Com press Co.—Or g a n iza tion .—Incorporated in West
Virginia on July 19.1897, to own the Lowry patents for compressing
into cylindrical bales cotton and other substances. See V. 68, p.
573,825, 872. In June, 1899, $15,000,000 stock trust certificates
were Issued to take up all outstanding securities, under agree
ment of May 19,1*99. Trustees, T. Jefferson Coolidge, Henry E.
Howland, Stephen M. Weld, Walter Hunnewell and Bobert Bacon.
Notes, $500,000 1-year 6 percents, due Feb. 1,1901, interest F.&A,
with privilege of extension for one year. V. 70, p. 283. 8tephen M.
Weld, President, 183 Essex St.. Boston.—V. 70. p. 283, 1094.
R h o d e Isla n d -P e rk in s H o rse Shoe C om p an y .—Organiza
tion.—Manufactures
horse shoes and toe calks at Valley Falls, B. I., 6
miles from Providence.; V. 61, p. 1014. Stock—Common (or general)
stock, $1,000,000; pref., 7 per cent cum., Q-J, $1,750,000; par, $100.
D iv id e n d s — )
1892. 1893-’95.
’96. 97. 98, ’99 1900.
Common, p.c. > 12*3
10 yearly. 4*s .................................
Preferred,p.o.) s
-------- 7 p. yearly.—----- - 6%
5 4 Ino.J’y.,3
Safety C ar H e a tin g Sc L ig h tin g .— r g a n iz a t io n .—incorpor
O
ated in 1-87 in New Jersey. Manufactures “ Pintsch” light appara
tus. which in 1*99 was in use on 90,000 cars, 3,200 locomotives and
850 buoys in Europe and America. Stock, all oommon, ^2,500,000
($100 shares) was on Dec, 19, 1899. voted to be increased to $5,000,000, to provide additional plants to 45 already owned. Dividends:
1889 to 1*92,4 per cent yearly; 1893 to 1897,6 per cent; 1898^and
1*99, 8 p. c.; 1 9 0 0 , Apr., 2 p. c ; July, 2p. c. No funded debt. Direct
ors include: A. P Hepburn, Thomas C. P latt, Edward. Lauterbach,
Austin Lathrop and Bobert Andrews, of East Orange. Main Office,
160 Broadway, New York.—V. 70, p. 283.
ital, the bonds to be sold at not less than 95. The terms of exchangeincluding the cash subscriptions and the securities receivable there,
for, are:
Holders o f
Pay
<■- — — A nd receive ------ ------- -,
old securities
Cash.
1st M.
P ref. stock. Com. stock.
iS tM . per $1,000.............$300 $333 334$1,083 33+
$8333+
Pref. stock per $100........ 15
16 66+
4 »6+
6416+
Com. stock per $100........ 10
11 11+
2 77+
2277+
C h arg es , E tc .—The interest charges of the new company w ill
be $310,110, viz.. $174,450 on $3,489,000 new first 5s and $135,660
on 1st M. 6s of H-J-J Co. and N. Con. M. Co.; sinking fund for bonds,
$45,000. Expert accountants place the average net earnings of the
three properties at over $1,100,000. The plan provides tnat after
paying a dividend of 5 per cent to the preferred stock, also 1 per cent
to the sinking fund to retire the preferred stock, and a dividend of 5
per cent has been paid any year to the common stockholders, an addi
tional dividend of 1 per cent on the preferred stock is to be paid be
fore any further amounts are paid to the common stockholders for
that year, the common stockholders being entitled to the balance of
the earnings.—V.70, p.592, 692,743,799, 898, and C h r o n ic le of July
28,1900.
V lrg ln la -C a ro lin a C h em ical C o.—O r g a n iz a t io n .—Incorpor
ated on Sept. 12,1895, and has acquired most of the successful manu
factories of commercial fertilizers from Balt, to Atlanta and Savannah.
V. 68, p. 431; V. 69,p. 232,964; also adv. In C h ro n . Mar. 4; 1899.
S t o c k .—Authorized (as increased July, 1899), common, $12,000,000; pref. (as to assets and div.), 8 per cent cum., $12,000.000: out
standing Maroh, 1900, common, $9,000,000; preferred, $10,000,000.
D iv id e n t s —(P.c.))
1896.
1897.
1898.
1899.
1900.
Common . . . . . . . >
Dec., 1
4
4
4
Mar., 1
Preferred, 8 p.o.) In fu ll to Ju y, 1900, inclusive (paid Q.-J. 15).
Of f ic e r s . President, S. T. Morgan; Secretary, S. D. Crenshaw;
Treasurer, S. W. Travers, Riohmond, Va.—V. 68, p. 431; V. 69, p. 232.
V irg in ia Ir o n C oal Sc Coke C o.—Or g a n iz a t io n .—Owns fur
naces at Roanoke, Pulaski, Buena Vista, Radford, Graham, Max
Meadows and Beed Island, Va.; Bristol, Embreeville and Johnson
City, Tenn., and Middlesborough, Ky.; Radford Pipe Works, Radford,
V a ; Crescent Horseshoe Works, Max Meadows, Va.; steel works at
Middlesborough, Ky., and certain ioundry and machine works. Also
owns about 132,000 acres of ooal lands, and owns and oontrols about
209,000 acres iron ore and timber lands, together with all the bonds
and all the capital stock of the Virginia & Southwestern By, Big Stone
Gap to Doe Mountain, via Bristol and Elizabethton, about 135 miles.
Stock authorized, $10,000,000, ail oommon; all outstanding; par,
$100. Bonds, $10,000,000 1st 50-year gold 5s, due March 1. 1949,
($1,000 eaoh), int. M.-S.; all outstanding; interest at Manhattan
Trust Company, N. Y ., trustee. President, Geo. L. Carter; Sec., T. F.
Davis; Treas., Edward B. Craig. Offices, Bristol,Tenn., and 80 Broad
way, N. Y.—V. 69, p. 388,758,1252; V. 70, p. IO oO.
W e lls , F arg o E xp ress.—Incorporated under the laws of Colo
rado January 26,1872. Dividends of 8 per cent yearly were paid
for many years, but the semi-annual dividend paid in July, 1894, was
reduced to 3 p. o.; in 1895, 6 p. c.; in 1896, 6 p. o.; in 1897, 6 p. o.;
in 1898, 6 p. o.; in 1899, 6 p. e.; in 1900, 6 p. o.—(V. 63, p. 563.)
Singer Sew in g m achine m a n u fa c tu rin g C o.—Or g a n iz a
tio n . —Factory
atElizabethport, N. J. Addition building in April,
1900, w ill increase capacity about 20 per cent. Stock, $10,000,000.
In April, 1898, quarterly rate of dividend was raised from 7 H to 10
i
per cent. In 1899 a cash dividend of 50 per cent was paid. On April
1,1900, quarterly dividend was 5 per cent. N. Y. main office, N. W.
cor. Broadway and Liberty St.—V. 70, p. 850.
Su squ eh an n a C oal.—See Su ppl em en t of January, 1898.
T r e n to n Gas Sc E lectric C o.—O r g a n iz a t io n , E t c .—A consol
idation in Feb., 1899,controlling all the gas and eleetrio-llght plants in
the city and suburbs of Trenton, N. J.—V. 68, p. 573.
Stock, $2,000,000, all outstanding in voting trust until Mar. 1, 1902;
par, $100. Bonds, $2,000,000 1st 50-year gold 5s, due March 1,
1949 ($1,000 each), int. M.-S., Colonial Trust Co., N. Y., trustee, of
which $1,500,000 issued and $500,000 reserved for extensions and im
provements. J an. 1 to March 31,1900, net, $29,762. Pres., Henry C.
Moore; Sec. & Treas., A. B. Kuser; Newark, N. J.—V. 69; p. 29.
U n ite d E le c tric C o . o f N ew Je rs e y .—Or g a n iz a t io n . -Incor
porated on March 6,1899, in New J ersey, in the interes "«of the U aited
Gas Improvement Co. of Philadelphia, to unite the eleotrio-light. heat,
and power companies of Northern New Jersey. Stock, all common,
$20,000,000; all outstanding; par $100. Bonds; $20,000,000 50year collateral trust gold 4s, Interest guaranteed for , he first five
»
years by the United Gas Improvement Co. (see V. 68, p. 476,620,
1134). Bonds are $500 and $1,000 each, interest bemg payable J-D
at New Jersey Title Guarantee & Trust Co., Jersey City, trustee.
President, A. B. Carlton; Sec., Thomas J. George. Office, Newark,
N. J. V. 68, p. 476, 620,1134; V. 70, p. 483, 636.
U n ited F ru it C o .—O r g an ization .—Incorporated in New Jersey
on March 30, L*99, to control the tropical fru it business. V. 68, p. 620,
979. 1134: V. 69, p. 909, 1016. Stock authorized, $20.000,000; all
oommon; par $100. Issued, $L1,076,300. Coupon notes (6s>, int.
A -O., issued for properties, $3.500,uOO. dated Ooo. 1,189 ».-one half
due Oct l . 1900, and one-half Oct. 1 ,1901, are expeoted to be retired
at maturity from earnings. V. 70, p. 87. Boston Fruit bonds, V. 70,
p. 799. See also official statement, V. 69, p. 854. Dividends, October,
189 , to July, 1900, 10 per cent per annum (2» Q.- f 15). Dividends
«
paid at Boston, Mass. Balance sheet Aug. 31, 1899. V. 70, p, 738.
Andrew W. Preston, Pres.; 1st V. P., Minor O. Keith; 2n >V. P., L. G.
Burnham: Treas., C larles A.'Hubbard; Seo., Bradley W. Palmer. Gen.
offices. «0 State St., Boston,Mass.—V. 69, p. 1016; V.70,p.87; 738,799.
U n ited States F lo u r m illin g .—Co n solidation . —
Incorporated
A pril 27,1899, in New Jersey, a* a consolidation of 19 mills in Duluth,
West Superior, Milwaukee, Buffalo, Syracuse and New York. See pros
pectus, etc., V. 68, p. 873,929; V. 69, p. 29,1010.
R eceivers .—On Feb. 24,1900, Samuel Thomas, Albert C. Goring
and Charles E. Kimball wei e appointed receivers. V. 70. p. 433. 692.
R eorganization Co m m ittee .—Samuel Thomas, Chairman; Metro
politan Trust Co., N. Y ., depositary. A majority of all U S. Fl»ur
M illing securities has been deposited. V. 70, p. 433. In May, 1900,
the Vice-Chancellor recommended that the company be permitted to
Issue $250,000 receiver’s certificates.—V. 70, p. 898.
P lan . -The plan of Feb., 1900 (V. 70, p. 284), has been amended,
as shown in C h ronicle of July 28,1900, and the am ndmeuts have
been approved by a large proportion of the security-holders, and,
has been adopted and made operative by the Reorganization
Committee. The amended plan provides for the issue of the new sseurities shown in the table on page 167. Of the new 1st 5s,$2,261,0C0 is reserved to retire at par the $1,496,000 Heoker-Jones-Jewell
1st 6s and $765,000 Northwestern Consolidated M illing 1st 6s (see V.
70, p. 283). The sale of $3t489,00o new bonds at 90 with bonus of
25 p c. in preferred and 25 p. c. in oommon stock to present security
holders w ill provide the $3,140,100 cash requirements of the plan.
The discharge of the floating debt, it is stated, w ill leave available
cash assets of about $1,- 00,000 for working capital, which, with about
$200,000 cash provided by the plan, it is thought w ill be ample.
The plan limits the new mortgage to $5,750,000,but permits the com
mittee to lnorease this by $500,000, if deemed best, for working cap-
INDEX TO ADDIT IO N AL COMPANIES.
Some additional companies may be found in Chronicle as follow s:
Vol. Page.
Vol. Page.
Ala. Consol. Coal & Iron........70
7x3 Lanston Monotype Machine.70 1047
Alabama & Georgia Iron....... 69
907
Alabama Steel & W ire.......... 70
633
American Alkali....................70
631
American B rass.................... 70
40
American Caramel.................70 281
American Cereal....... ............ 70
478
Amer Elec. Heating..S up . July, 1898
American Graiih-o-phone....70 790
American Grass Twine.......... 70 998
American Mail S S .................68 1221
American Market.................. .68 1178
Anjer.Mntosoope &Biograpb.70
431
American Ky. Equipment .. .68
974
American Bice.......................,70 585
American .Screw...................... 70 380
Am Steril. Air & Trans p’n ... 69
336
American Switch................... 69 1303
Armour & Co...........................70
843
Artif. Lumber Co. o f Amer.. .70
741
Atlas Tack...................... ........71
136
Atchison & Eastern Bridge. ..67
678
Atlantic TransD’t & Steam’p.70
896
Baltimore Brick......................70
282
Barrett Mfg. Co...................... 68 1074
Birdsboro Iron & Steel........ .69
908
Borax Consol. Limited.......... 70
896
Boston Electric L igh t...........70
843
Boston Quicksilver...... ......... 70
635
Brooklyn Borough Gas.........70
688
Bro ikl yn Develi ipment.........68
870
Brooklyn Dock A Terminal.. .68
976
Brooklyn Gas A Elec. Light. .69 1260
Calif. Fruit Canners’ Ass’n ...69
284
643
Canada Cycle A Motor.......... 69
Canton Company .................70 1251
Carter-Crume Co
J...........69
647
Central Fireworks...CHR. July 28,19o0
Centred Hudson Steamboat..69 1196
Central Oil. ...........73............ 70 1093
Chicago Pack. & Provision....70 1293
Chicago Trans. & Clearing... .69 1011
Cincinnati Edison Electric....71
27
City of Chic. Brew. A Malt.. ..69
78
Cleveland a Sandusky Brew..66 1188
69 1303
Colonial Sugar...............
Columbian Elec.Car L.&Brke.70
178
Columbus (O. i Edison........ .70
50
Cons ilidated Lime ..............70
688
Continental Cotton Oil..........70
688
Contra Costa Water Co. of
Oakland, Cal........................70 1293
Cuban Steel Ore............... .....70 1097
Diamond State Steel........ ...70
999
Danville Bessemer Co ......... 71
137
Danville! Va.) Tobac. Ware..69
79
Denver Union Depot............69
494
Diamond State Steel........ .70
282
Edison Elec. Ilium, of Boston.70
282
Electric Corporation............. 70
684
Equitable Securities...... ........ 69 1193
Federal Telephone................ 70
127
Flemington Coal & Coke........71
137
Gas Self-Light. Co. of Amer..68 1132
General Carriage...... ........... .70 1293
Hammond (G. H.) Co............ 70
482
Harper A Bros........................71
87
Hudson Rtver Telephone......70 1151
Hudson River Water Power.70
40
Illinois Telep. % Teleg ......... «9
387
International Car Wheel...... 69
130
International Fire Engine...70
283
Inter Smoke. Powder & Dyna.70 . 1098
Kansas City Sto<‘k Yards...... 70 . 6*9
Kern Incandescent Gas i,__ 70
634
Kbick,(Ind.)Telep &T.of N.Y.70 1062
Lackawanna Iron A Steel.....70 1098
Lewis Motor Vehicle........ ...70
999
Magnus Metal..............
70
284
Manhattan Oil........................70
634
Manhattan Typewriter.........70 1294
Manufactured Rubber.......... 69
796
Michigan Telephone..............71
187
Milwaukee A Chicago Brew. .69
80
Mississippi Val. Telepboue .68
928
Missouri Ed. Elec. Co.of St.L.69
180
Mo ongahela Light A Power.69
286
Mosler Safe Co. o f Boston....70
840
National Asphalt.................... 70 897
National Car Equipment.........68 928
National Cash Register........... 70 1161
National Casket....................... 69 131
National Fish.......................... 7o 283
National Gramophone............ 70 689
National Typewriter...............68 878
New Haven Iron A Steel.. .. 70
6»6
New Orleans Brewing Ass’n..69 1015
Newport News Abattoir..... ..70
687
New York Auto-Truck..........89 1196
N. Y._A Ontario Land..S up . Jan., 19"0
.70
687
.69
181
181
.69
1106
70 1294
Pacitlc Coast Biscuit.
.69 1065
229
Penna. Sugar Refining.
81
Pittsburg Brewing......
1060
.70 1099
.70
587
1151
1253
Railway Automatic Sales.....69
797
.71
88
.68 IS27
634
.70
P49
St. Louis Consol. Elevator.. .69
767
Sandusky Gas A Elect rie. . .68 1026
1.68 107.7
854
.69
229
1000
798
70 1063
1.69
132
,70
689
.71
33
1.68
430
.67 1056
1.66
334
.69
132
441
132
lObO
.70
86
1.70
234
1099
.70
638
8<0
82
.69
604
140
.71
.70
479
Unite 1 States Steel.
1094
,68
29
949
1252
768
850
6S8
INVESTORS’
174
N . X and Brooklyn Banks, Trust and Fire
Insurance Go’s, and Miscellaneous Gas Go’s.
NEW YORK AND BROOKLYN BANKS. (* State banks.)
D iv id e n d s .
Surplus
Ca p it a l .
Co m pa n ie s .
Amount.
dates, t
Period. 1898, 1899. Latest. %
$
N ew Y o rk
$
14 July’OO. 7
America*.... 100 1,500,000 3.011,100 J. & J. 14
7 M *y ’00. 34«
2,848,600 M. &N. 7
Am. Exch... 100 5,000,000
Org. Jan. *98
Astor. . . ---- 100 350.000 231,800
th Corn Exch . V .6 8. p. 357,502
Astor Place* 100 250.000 Cons’d wi
6 July’OO. 6
Bowery*..... 100 250,000 708,800 J. & J. 14
12 July’OO. 6
Broadway.. 25 1,000,000 1,647,800 J. & J. 12
6 Jan.’00. 3
89,400 J. & J. 6
Butob’s’&Dr 25 300,000
8 July’OO. 4
Central..... 100 1,000,000 539,900 J. & J. 8
11 July*00. 6
100 1,000,000 1,994,600 J. & J. 10
Chase..........
16 July’OO. 4
Chatham ... 25 450,000 1,000,700 Q.—J. 16
Chemical_ 100 300,000 6,964,000 Bi-m’ly. 150 150 July’00.25
_
«
7 July’OO. ä1
&
Citizens’ .... 25 600,000 420,500 J. < J. 7
15 May ’00. 3
City............ 100 10000000 5,278,600 M. & N. 15
None None Deo. ’97. 5
Colonial*... 100 100,000 112,500
8 July’OO. 4
Columbia*.. 100 300,000 212,700 J. & J. 8
O
8 July’O . 4
Commerce 1. 100 1000Ó000 7,029,300 J. & J. 8
6 July'00. 3
fe
1,000,000 510,600 J. « J, 6
Continental. 100
12 Feb.’00. 6
Corn Exch.* 100 1,400,000 1,840,100 F. & A. 12
1,148 Org. No v ’99. V.69, p 1038.1329
Dom. Exch. 100 300,000
O
8 July’O . 4
East River. . 25 250,000 162,900 J. & J. 8
8 July’OO. 4
11th Ward*. 25 100,000 126,500 J. & J. 8
12 July’OO. 6
&
F iffii......... . 100 200,000 359,100 J. « J. 12
Fifth Ave*.. 100 100,000 1,287,000 Q .-J . 100 100 July'00.25
F irs t.......... 100 500,000 9,117,000 Q .-J . 100 100 Apr. *00.25
7 July’OO. 34a
Fourth...... . 100 13000000 2,376,000 J. & J. 7
6 May ’00 3
58,000 M. < N. 6
fe
14th Street* 100 100,000
F ran klin .... 100 200,000 In liquid' n; Y.69, p. 11 2, 26 2;V.68,pl751
12 Apr. '00. 6
1,000,000 1,850,600 A. & O. 12
G allatin .... 50
16,400 F. « A. None None Feb. ’96. 21a
fe
Gansevoort* 50 200,000
40 J’ne’00.15
Garfield...... 100 200,000 1,073,500 Q .-M . 40
6 Aug.’00. 3
Germ’nAm.* 75 750,000 350,100 F. & A. 6
10 May’00.12
614,700 May.
10
Germ’n Ex.* 100 200,000
10 May*'00. 8
Germania*.. 100 200,000 802,000 M. & N. 10
6 May’00. 3
Greenwioh*. 25 200,000 176,300 M. & N. 6
6 July’O ., 3
O
Ham ilton*.. 100 200,000 109,100 J. & J. 6
&
10 July’OO. 5
H anover.... 100 113000000 1130632(0 J, « J. 10
Hide«feL’th’r 100 500.000 302,100
J. & J . None None July ’96. 3
H om e*6..... 100 100.000
20 July’00.10
lmp.«fe Trad. 100 1,500,000 6,150,100 J. & J. 20
&
8 July’OO. 4
Irv in g ...... . 50 500,000 467,000 J. < J. 8
10 July'00. 5
Leather Mfr. 100 600,000 606,600 J. & J. 10
Liberty___ _ 100 500.000 535,800
18 M ay’00. 3
Lincoln...... 100 300.000 890,100 Q.—F. 12
fe
8 Feb.’00. 5
Manhattan * 50 2,050,000 2,203,600 F. < A. 8
10 July'OO. 5
900,000 1.020,000 J. & J. 10
M kt < F ult. 100
&
&
8 July’OO. 4
Mechanics’ . 25 2,000,000 2,293,000 J. < J. 8
Mech. & T r* 25 400,000 114,800 J. & J. 6 None July’98. 3
&
6 July’OO. 3
Mercantile« 100 1,000,000 1,232,800 J. « J. 6
.
.7 July’OO. 34a
Merchants’ . 50 2,000,000 1,205;400 J. & J. 7
fe
6 July’OO. 3 ,
Meroh. E x.. 50 600,000 228,500 J. < J, 6
12 J’n e’00. 6
&
Metropolis*. 100 300,000 963,600 J. « D. 12
Mt. Morris*. 100 250.000 51,800 j; & j . None None July ,’94, 3
Mutual* .... 100 200.000 134,100
fe
8 May ’00, 4
Nassau* . . . . 50 500.000 274,800 M. « N. 8
July’OO. 5
N. Amst’m* . 100 250.000 411,000 J. & J.
10 July’OO. 5
&
New York.. 100 2,000,000 2,158,800 J. « J. 10
S
40 July ’00.25
N. Y. County 100 200,000 375,800 J. «s J. 20
&
N. Y. N. Ex. 100 300,000 103,000 F. < A. None None Feb.’97. 2
4 Jan. '00. 2
S
N in th ....... . 100 750,000 162,800 J. «s J. 4
46,000 J. «s J, None None Jan.’97. 3
S
100 100,000
Nine’thW ’d*
O
S
6 July’O .; 3
N. America. 10 1,000.000 659,* 00 J. «s J. 6
10 July’O . 5
S
O
O riental*... 25 300,000 406,500 J, «s J. 10
8
8 May ’00. 2
Pacific* .... 50 422,700 493,900 Q.—F.
3,306,200 J. «s J. 10
S
10 July’O . 6
O
P a r k ........ 100 2,000,000
S
10 July’OO. 5
People’s* ... 25 200,000 3*5,200 J. «s J. 10
6 July’OO. 3
Phenix__ _ 20 1,000,000 274,000 J. & J, 6
V. 67, p, 275
100,000 162,600
P laza*. .. . ..
S
6 Apr.’00. 3
1,000,000 3*74,900 A. «s O. 6
Prod. Exch.*
S
1,500,000 1,143,200 J. «s J. 8
8 July’OO. 4
Republic ...
6 July’OO. 2
100,000 126,600 Q.—J.
6
Riverside*. .
&
500,000 748,700 J. < J. 6
6 July’OO. 3
Seaboard...
12 July’OO. 6
300,000 799,000 J. «s J. 12
S
Second......
S
300,000 223, 00 J. «s J. None 3 July’OO. 34a
Seventh ....
4 July’OO. 1
1,000,000 211,200 Q .-J .
3
Shoe < L’thr
&
200,000 In liquid’ n; merg ed wi th As tor Nat’l.
Sixth..........
100,000 199,400 J. «s f .
S
6 July’OO. 5
6
S ta te *.......
fe
1,200,000 536,600 M. < N. 6
6 May’00. 3
State of N.Y’1
750,000 SeèV. 67, p. 738, 802; V.68, p. 1168.
Tradesmens
52,500 f . «s J. 6
S
200,000
6 Jan. '00. 3
Twe’f.Ward'
S
100,000
67,100 F. «sA. 5
5 Feb.’00. 2ia
23d W ard*..
1,200,000
Union J...
Jan.’00. 5
6 J’ne ’00, 3
200,000 337,700 J. & D
Union Sq.
500,000 Consolid ated wi th W est’n National.
U. States....
2,100,000 1,696,400
None None Jan. ’94. 3
Western ....
S
200,000 409.100 J. «s J. 12
12 July’OO. 6
West Side*..
100,000 188.100
Yorkville*..
B ro o k ly n
S
150,000 121,395 J. «s J. 8
B edford*...
8 July’OO. 4
S
100,000 164,041 J. «s J. 8
10 July’O . 5
Broadway*.
O
300,000 168,79 J. «s J. 7
S
Brooklyn*..
7 July’OO. 343
300.000 592,730 J. & J. 14
14 July’OO. 7
City .. . .....
100.000 43,30;
8th W ard*..
53,574 J. «s J
S
100,000
5
5 July’OO. 3
5th Avenue*
300,001» 528,300 Q.—J. 16
F irs t........ ,
18 July’OO. 4
200,000 Absorbed by Meo hanic s’. Se e V.68, P.650
F u lto n *.....
100,000 .... • J «s J. None 24« July ’99. 2ia
S
Hamilton*«.
61,576 J. «s J. 5
150,000
S
Kings Co* ..
5 July’OO, 2la
9,992 Tn llqui datio n.
400,000
Long Isl’d*.
July’96. 3
252,000 478,200 J. «s J. 8
S
Manufac’rs’
10 July’OO. 5
S
Mechanics’*
500,000 405,625 J. «s J. 11
10 July'OO. 5
Mech.&Tra*
100,000 203,558 J. & J. 10
15 July’OO. 5
... Estab. 1895.
12,349 .... .... ___
100,000
Merch’nts*«
300,000 693,757 J. «s J. 12
S
Nassau. ....
12 July’OO. 6
100,000 120,943 j; « j . 6
&
North Side.*
6 July’O . 3
O
100,000 130,225 M. «fcN. 6
Peoples’* ...
4 May ’00. 4
100,000
64,405
Scherme’h.*
Op’dOct.’94.
75,129 F. «sA. None None Aug.’95. 3
100,000
S
17th Ward*.
S
200,000 226,700 J. «s J. 6
Sprague....
6 July’OO, 3
100,ooc
54,898 J. «s J. 6
S
26th Ward.*
6 July’00. 3
100.00C
J, «s J. None None July’97. 2
S
Union*e...
5 July’OO. 2ia
100.000
S
45.748 J. «s J. 5
Wallabout
+ June *9,1*00 for National, and May ¿i, ltK>o.for -tate banks, and includes
undivided profits.
t Nat. Bank o f < ommerce and Nat. Union Bank consoli
dated. - r«ee V; 70, p. 69.16' 469. 508,
|Capital increased to *3 ooO.oOO and
surplus to 66.0o0.000 iu July. I9»J0. See V. 70, p. 7 * 1 , >T*. Iui6; V. 7i, p. to
1 Reduced from $3.2o0,000 in January, 1899.
d Title changed from Ger
man American in N<>v,il899. See V. 69, p. 990. -b ln March I9w, Home Bank
merged with Corn Eichahge Bank. See V. 70. p. 806, 609,563.
c Hamilton
Bank consolidated with Union Bank in April, 1900. See V. 70, p. 563, 7*8.
SUPPLEMENT.
[Y o l . L X X I.
■ NEW YORK AND BROOKLYN TRUST COMPANIES.
(For detailed statements see Chronicle o f Jnlv 2“, 1900.)
Surplus < D ividends paid in ’98 and *99,
&
Ca p it a l .
and also last dividend.
Undiv’ed
Com pa nies .
Profits
Par Amount. J’ne30'00 Period. ’98. ’99 Last Paid %
A tlantic__... 100 1,000,000 454,090 Q .-J . 2 n’n« Jan.,’98. 2
Bankers’ ...... 100 1,500,000 1,530,094 V.69,p. 262, 316, 473, 8*4.
Cent. R.B.& T. 100 1,000,000 721,871 V.68,p. 909; V 6 9, p. 474.
Central......... 100 1,* 00,000 10542326 Q .-Jv 50 50 July, ’00 15
•
j V.70.P. 213, 263, 411, 666.
Century*... ...
2,000,000
C ity........
100 1,0'»0,000 1,232,733 See V 68. P « ->7.
Colonial........ 100 1,000,000 987,851 See V.6 3. p. ç6i. July,'00. 5
Continental. . 100 500,000 700,361 Q.—J. 6
6 J uly, ’00. l»fl
Farm. L. < Tr. 25 1,000,000 5,801,917 Q.—F. 30 30 Au«.,'00 5
fe
F ed eral!.;.’ .. _ 1,000,000
.
V. 69, p.36 »,57 5; V.70, p.503
Fifth Avenue. 100 500,000 782,983 See V. 65,p . 82 4; V. 66, p 31.
G uar.Tr.,N.Y. 100 2,000,000 3,960,137 J. & J. 12 1‘2 July,’00 4
lnter.B .& Tr.* 100 1,000,000 ' ”, _ V.70,p. 213, 2’ 3, 411,666,772.
S
Kniokerbock’r 100 1,000,000 1.048.Ì08 J. «s J. 64« 7 Ju ly,’00. 3Ja
5 July, ’00 3
M anhattan.., 30 1,000,000 1,231.5*5 J. «s J- 5
S
M ercantile.... 100 2,000,000 4,417,160 Q .-J . 12 16 July,’00. 5
Merchants.L.. 100 500,000 1,021,955 See V. 69. p. 1 D ii, 1227
S
Metropolitan. 100 1.000,000 1,558,537 J. «s J. 10 10 July,’00. 5
M o rto n t....... 100 2,000,000 3,026,295 V.69,p. 9 ,2 09, 676.
S
N.Y.Lf. I.&TT. 100 1.000,000 3,514,863 J. «s D. 40 40 J’ne, ’00.20
N .Y. See. &Tr. 100 1,000,000 2,253,559 Q .-F . 10 10 Aug..’O0. 5
No. American* 100 2,000,000 2.556,082 V.70,p. 411, 666. July,’00. 24a
Produce Exch. 100 2,500,000 2,623,791 V.69.P. 624. 127 7 »uly. '99.35
S
8 July, *00. 4
Real Estate... 100 500,000 500,305 J. «s J. 7
_
See V.67,p .180
Standard ... . . 100 1,000,000 336,743 _ »
6 Jan., ’00. 3
J. «s J. 6
S
S ta te t.......... 100 1,000,000
Title Gu.<feTr., 100 2,500,000 3,077,047 Q .-J . 8
9 July,’00. 2ia
July, ’00. 3*a
Tr, Co. of Am. 100 2,5r 0,0o0 2,716,626 V. 69, p 9.
Tr. Co. of N .Y. 100 1,000,000 1,018,688 V.69.P .726 ,113 1; V. 70, p.60
Union............ 100 1,000,000 6,351,756 Q.—J. 32 32 July,’00. 8
U.S.Mort.«feTr, 100 2,000,000 2,626,829 See Mi soel lane ous Cos.
S
United States. 100 2,000,000 11313201 J. «s J. 40 40 July. '00.25
S
9 July,’00. 5
Washington.. 100 500,000 710,235 J. «s J. 8
B r o o k ly n .
Brooklyn,....
F iatbush......
Franklin.......
Hamilton ....
Kings County.
LougI.L.«feTr..
Manors’,Bklyn
N assau ;.......
People’s .......
Williamsburg
100 1.000,000 1,714,036 Q .-J . 16
100 200,000 104,265 V.68,p. 105
too l.OOO.OOo 1,254,594 Q.—J. 8
100 500,000 681,610 Q .-F . 8
100 500,000 1,001,612 Q .-F . 8
100 500,000 541.863 Q .-J . 8
100 500,000 753,397 Q.—J. 9
S
100 500,000 370,551 F, «sA. 6
100 1 ,0 0 0 ,0 0 0 1,404,391 M’thly. 10
100 7 0 0 .0 0 0 426.5» 0 See V. 68.
16 July, ’00. 4
6,11 13;V .69,pll2
10 July,’00. 24a
8 Aug.,’0O. 2
94> Aug.,00. 24a
8 July.’oO. 2ia
10 July,’oo. 2
6 Aug.,’0o 3
10 AUg.,’00. 1
p. 4 07
* Century Tru-t Co. merited with the International Banking A Trust Co. which
In turn absorbed by the North American Trust Co. See V. '0, «> vl3. ¿63, 411,
.
666, 772.
t Morton Trust Co. and State Trust Co. consolidated under name of
Morton Trust Co., and capital and surplus increased. Y. 70, p. 213, 3 0, 564, 614,
667, 771, »‘¿2,872. 7 Abandoned. See V. 70, p. 608.
NEW YORK AND BROOKLYN FIR E INSURANCE COMPANIES.
NetD ividends .
.C apital ,
Surplus,
Companies.
Deo. 31,
Par. Amount. 1899.* 1897. 1898. 1899. Last P’aid. %
Citizens’__ _ $20 $300,000 $108,805 7
8
8 July,’00. 4
Com’nw’lth . 100 500,000 288,146 9
6
6 July.’O . 3
O
Continental. 100 1,000,000 4,034,995 20
274a 25 July,’00.124«
40 300,000 760,318 15
15
15 Aur./OO. ft
Eagle..........
58,190 6
6
6 July.’O . 3
O
Empire City . 100 200,000
30
German Am.. 100 1,000,000 3,946,577 25
30 July.’00.15
,r .
Ger.Alllanoe 100 400,000 282,628 -T _
“t
12
50 1,000,000 2,101,403 12
15 July.’O . 74«
O
Germania...
10
10 July,'00. 5
Greenwich..
25 200,000 346,23« 10
O
50,396 6
H am ilton...
15 150,000
6
6 July.’O . 3
10
50 1,000,000 618,819 8
10 July.’O . ft
O
H anover....
10
10 July.’OO. 5
Home....... 100 3,000,000 4,631,936 10
12
20 200,000 110,977 12
5 Deo..’99. ft
Kings C o .-..
50 200,000 296,710 10
10
10 July, ’00, ft
Nassau.....;
81,011
6
6
New Y ork... 100 200,000
6 Aug. ,’00. 3
10
50 500,000 754,408 10
10 July.’O . 5
O
N iag ara.....
74« 8 A pr.,’00. 4
25 350,000 270,072 7
North River.
25 200,000 162,026 IO
10
10 July,’0 0 . ft
P a c ific ......
20 150,000 115,014 10
10
Peter Cooper
10 Aug..’00. ft
50 1,000,000 1,529,461 10
10
10 July.’O . ft
O
Phenix........
25 200,000
24,165 6
6
6 July, *00. 3
Stuyvesant.
Unit’d States
25 250,000 174,713 8
8
8 July,’00. 4
10 300,000 1,194,160 10
10
Westohest’r
16 Aug.,’00. 8
20
50 250.000 1,089,654 20
24 July. 00 12
W’msb. City
' Over all liabilities, luutuding re-insurance, capital and scrip.
GAS COMPANIES.—SEE ALSO MISCELLANEOUS.
Dividends and Interest.
Companies.
Par. Securities Period.
afloat.
’98. ’9.1. *Date. %
Bingh. (N .Y.) G .W .. $100 $450,000 J. < J.
fc
475,000 A. < O.
fe
ISO M. 5S, g ...;— 1,000
Col’mb’s(0.)G.L &H. 100 1,698,825
Pref., noiloum ... 1ÔO 3;065,800
100 1 000,000
Con. M„ gold....o* 1.000 "'905ÌÒ00 j . < j .
fe
15,000 J. < I.
L .B r.L ’g 1st M. 6s. 1,000
fc
50 2,000,000 Q.—M.
Indianapolis G a s . .
&
1st mortgage— .. 1,000 2,750,000 M. < N.
50
250.000 J. < D.
fe
Jack. (Mich ) Gas Stk
257,000 A. < O.
fe
1st M. 58. g ......... 1,000
Madison (Wis.)G.&E 100
fe
400,000 J. < J.
350,000 A. < O.
fe
1st M.6s, g---- .. 1,000
50
800,000 J. « J.
fe
Minneap. G, L., Stk.
600,000 M. < S
&
lstm ort. 6s— .... 1,0 0 0
1st con. gold 6s.... 1,000 2,232,000 M. & S.
Mun’l Gas (Alb, N.Y) 100 2,000,000 Q.—F.
500,000 J. « J.
&
1st mortgage,g.... 1,000
New Orleans G . L , .. 100 3,750,000 J. « J.
fe
1,000
32,000 J. « J.
1st mortgage.......
fe
Rooh’st’r G.«feEl.com 100 2.150.000
100 2.150.000 F. < A.
fe
Preferred......... .
fe
1st cons, mort...... 1,0 0 0 2,000,000 M. « N.
300,000 M. « S.
fe
2d m o rt..;..........
(?)
M. & S.
M. 4438, $1,000,000 1,000
fe
St.Jos.(Mo.) Gas Stk. loo 1,000,000 M. « S.
750,000 J. « J.
fe
1st Mort. 5s, g...... 1,000
St. P.(Minn.)G.L.8tk. 100 1,500,000 Q —F.
650,000 J. « J.
fe
1st M., currency...: 1,000
600,000 J. « J.
fe
Consol, M ............. 1 ,0 0 0
fe
Gen. mort. gold.... 1,000 2,537,000 M. « S.
Un. G. < E ., Syrac’se ■.^ 3,000,000 V. 69, p
&
1,000,000
.•
Preferred . . . . . __
20 2,600,000 Q.—F.
Wash’n (D- C.) G. L..
Var*s
300,000 J. « J.
, Reg., 6, Series A, g
&
300.000IJ; « J.
&
Reg., 6 ,8eries B. g Var»s
t Extra dividend.
5
1 July 20,’00.1
5 Apr. 1, 1938
14« M arl5’00,24«
6 J’ne 15, ’00, 3
5
5 Jan. 1,1936
6
6 Jan. 15,1914
8
8
(?)
6
6
19i0
3
4 J’ne 30, ’00,2
5 Mar. i, 1937
5
41 iuly20’00,24*
«
4
6
6 Apr. 1, 1926
8
8
(?)
6
6 Mar. 1, 1902
6
6
1910-1930
9 10 A ug.l,’00,24a
6
6 July 1, 1906
54a 5 Ju lyl5’00,2i*
5
5
Various.
n’ne n’ne
6
6 Feb. i , ’00, 3
5
5 Nov. 1, 1912
5
5 Ma,r 15,1918
5
1
6
6
5
854;
2% Mar 20 ’0011«
5 July 1, 1937
4 May 15.’00,1
6 July 1, 1915
6 July 1, 1918
ft Mar. 1, 1944
V. 7 0 , p, 4>}3.
10
6
6
Ï5
6
«
...
July 2, ?00,5t
J’ue30,’02-27
De< 31 .’04-29
diyiuaud on stoats, and maturity ón bona».
RAILROAD
July, 1900.]
EARN1NG&.
175
MONTHLY GROSS EARNINGS OF PRINCIPAL
Jan.
F eb.
M a rch .
A p r il.
A la . G t. S o u th e rn —
•
1887....................(310 m.).
1888.. ............ (810m.).
1888.. ... . . . .......(310 m.).
1900.......
... .(810 m.).
A t. T o p . À 8 . F e 8 v « —
1897. ...(0,136 to 6,935 m .).
1888.. . .(6,936 to 6,«86 m.).
1899 ...(7.066 to 7.402 m.).
1900..
.. (7,402 to 7,410 m.).
B a l t i m o r e S i O h io —
1897......... ..... (2,047 m.).
1898........
1899.......... ...... (2.047 m.) .
I960.......... ......(2 047 m.).
B a lt .d k O h io S o u t b w .—
5
2.192,000
i8.056.A89
{2,059,739
(3,517,980
$
118.394
124,790
187,3 5
140,030
M ay.
8 .
118,455
132,543
152,953
167,019
June.
8
125,022
185,211
103,134
154,070
RAILROADS.
J u ly .
A ng.
S ep t.
O c t.
N ov.
D ee.
»
$
$
t
*
S
181,911
133,857
167,066
135,740
160, »82
170,3o2
140,031
151,304
181,884
142,947
154.439
200,449
177,215
159,842
196,821
177.601
17O,10fl
195,649
T o ta l.
«
1,051,956
1,766.493
1,998,665
2,510,499 2.508,000 2,442,032 i2,6P4,23t i 3,214,581 i 3,493,913 43,695,379 i 3.889,24« (3,609,110
i 8,212,980 (3,2 0,470 (3,010,500 i 2,700,998 i 3,004,107 i 3,425,589 43,095,26? (4,008,91.3 (3,886,778 (34,859,820
(39,875,968
13,235,201 i 3,420,847 18,219,913 i 3,203,171 i 3,589,846 i 3,030. 1C i 4,453,485 (4.241,732 ((.103,856 (42,954,030
i 3,808,402 (3,983,660
1,777,368
1,012,801
1356 953
2,02O,69d
1,982.520
2,46*,708
2.424,861
2,980,06
2,027,828
2,44-1,5)4
8,358.73»
3,140,1 52
454,005
527, .29
478.872
639,464
491,276
600.274
641,130
667,047
500,489
632,781
536,994
685,655
531,420
539,546
547,134
*681,708
585,992
507,234
567,762
590,602
615,069
*611,486
595,180
701,405
*630,523
685,937
674,031
*600,628
534,783
603,090
*609,386
000,482
591.424
*602,047
0,456,970
7.111.157
6,909,257
2,208,798 2,245,492 2,371,830 2,433,750 2,384,216 2,854.712 2,404.41' 26,108,180
2,408.371 2,315,000 2,492,458 2/536,271 2,4,9,?v5 2,454,389 2,488,700 2V74.990
2,850,30 2,616,4*7 2,767,27? 2,878.470 2, »10,5 ¿9 2,734,125 2,815,467 30,668,437
*8,006,028
1897/........ .........(922 m.).
1898/........ .........(022 m.)
1899/......... ........ (922 m.).
1900/........
B u ll. R o c h . Si P i t t s b .—
1897...
. ........ (334 m.).
1898.......... .........(334 m.).
1899....... .
1900..........
236,731
258,858
260,648
3o6,25^
258,865
335,037
319,989
401,191
295,890
318,305
335,807
571,478
258,428
325,006
223,642
820,557
830,245
268,673
202,646
851,?ti9
400,760
318,018
338,231
409,093
353,702
349,072
425,838
322,100
340,710
413,231
286,813
28\853
350,867
3,452,098
3.811,729
4,074,580
1897..........
1898.......... ....(1,134 m.).
1899....(1.134 to 1,170 m.).
1900.......... ......(1.170 m.).
810,SOL
808,361
855.64?
850,683
254,094
310,982
306,380
332,013
317.081
347,310
370,943
3d7,340
340,417
801.321
384,00»
398,413
816,170
303,336
893,704
387,538
455,430
433,050
465,405
536,598
550,016
477,463
497.043
555,021
427,374
427,449
441,290
371,380
437,303
387,500
4,292,103
4 58» 561
4,926,932
1,272,091
1,617,859
1,958,462
2,196,312
2,401,104
1,980,295
2,25v,999
2,403,151
2,662,803
317,529
3» 1,18
387,932
408,387
332,328
330,87»
370,013
400,703
B u r l . C e d . R . Si N o .—
C a n a d ia n P a c ific —
1897.. „(6,476 to 6.547 m .).
1898.. .. (6,f 48 to 6.681 m .).
1899. .. (6,952 to 7,001 m .).
1900..
..(7,001 to 7,488 m .).
C e n tra l o f G e o r g ia —
1687. ...(1,528 to 1,523 m.) •
1898.
(1,524 m.)1899.. . ;(1,524 to 1,640 m.)
1000..
.. (1,610 to 1,561 m.)
C en t, o l N ew J e r s e y —
18870..
. .......... (628 m.)-
18980.....................(628 m.)18900.. . . ...........(628 m.)19000.. . . . . . . . . . . ..(028 m .).
C h esapeake S i O h io 1897 ..........(1 ,3 6 0 m.).
(1,360 m .).
1898 .......
1889. .„(1,860 to l, *45 m .).
1900..
. . . . . .......(1,445 m .).
C h ic . B u r l . S i Q u in c y —
1807h.............. (7,369 m.).
1898ft.. . . . . . . . ; (7,359 m .).
1898)1..(7,859 to 7.597 m .).
1900?»................(7.597 m .).
C h i c . S i E a s t . I l li n o is —
1897 .......
(648 m .).
(648 m .).
1898. ....
1899.. . . .. .(648 to 711 m .).
1900.. . ........ ...(711 m .).
C h ic a g o G t. W e s t .—
1897............. .....(9 3 0 m .).
1898.. . . . . . . ....(9 3 0 m .).
1899 ...............(93 0 m .).
1900 ................. (930 m .).
C h ic . I n d . S i L o n t s v .—
1897-.................... (537 m .).
1998.......................(537 m .).
1899.. . . . .........(537 m.).
1900.
. . . . ...(5 47 m .).
C h ic . M llW i S i S t . P .—
1887......... ......,(6 ,1 6 3 m.)1898.. . ; . . . . ....(6.153 m J.
1899. ..,(6,153 to 6,272 m .).
1900................. (6.376 m .).
C h ic . Sc N o r t h w e s t ’ n —
1897. ...(5,031 to 6,077 m .).
1898 ..
(5,077 m .).
1899.. .(5,077 to 5,327 m.).
1900....... ,.(5,327 m .).
C h ic. R . I s l. S i P a c 1897k.._______ (3,571 m.).
1888k......;.. ..(3,571 m.).
1888k.. (8,568 to 8,619 m .).
1900k.,... . . . . (3,619 m.).
C h ic . S t. P . M . S i O.T1897................... (1.492 m .).
1 8 9 8 .. .
(1,492 m .).
1898. ...(1,492 to 1,519 m.> .
1900..
.. .. ..
(1,519m .).
C in , N . O . S i T e x . P .—
1897 ............. .(336 m.).
1898
. . . . . . .(886m .).
1899 ....... .. .. ..(886 m.).
1900 ...... ...........(836 m.).
C l. C la . C h i c . S i S t . L .~
1897................. ..(1,838 m.).
1898 .....
(1,838 m .).
1899 ...............(1,838 m0
■ 1 9 0 * ........ ...,(1,838 m .).
C o lo r a d o M id la n d —
1887.................... (346 m.).
1898.. .. . . . . . . . . . . ( 3 4 6 m.).
1899..
.... ... .(346 m,).
.
1900.. . . . . . . . . . . . . (846 m .).
O en v. S i R io G r a n d e 1897 ............ .(1.666 m .).
1898 .......... ..,..(1.666 m.S.
1809.. . .(1,666 to 1,673 m .).
1900. ............. (1,673 m .).
E r ie v
1887*................(2,165 m.).
1898*.. (2,105 to 2.271 m .).
1809*..,............ (2,v71 m.).
190 0 *....------- „(2.271 m.).
G t. N o rtb ’ n S y s te m 1897*. „(4.049 to 4.108 m .).
1898*.. (4.108 to 5.116 m .).
1809* (5,116 to 6.218 m .).
1900*..................(5.213 m.).
H o c k in g V a lle y 1897 ..............( 3 4 6 m .).
1898 ............. ..(340 m .),
1899 ..........
(346 m .).
.W OO..........
(346 m .).
I l l i n o i s C e n t r a l.—
1897+..(3.127 to 3,808 m .).
1898+ (8.808 to 8.667 m .).
1899+.. (3,607 to 8,679 m .).
1900+.......
(3,096 m .).
I o w a C e n t r a l1897.. .. ..... ...<509 m.).
1898 . . . . : * (5 "»m .h
1899 .... (509 to 646 m .).
1900.
. . . . . . . . . (546 m.).
K.
C . F t . S . S i M e in .—
1097.. . .(961 to 073 m .).
1808.. ...... . . . . i 9 ’ 3 m.).
1809
(878 m.).
1900 ■ ..........,( 9 * 3 m.).
1.404,597
1,763,383
1,954,087
414,919
495,503
447.878
569,030
848,939
885,301
8,000,577 2.107,003 8,282,115 2,344,529 2,790,001 2,540,451 2.322,7(2
2,138,110 2,051,363 2,210,865 2,306,385 2,688,730 2.524,497 8,071,117 24.049,534
96.138,970
2,302,278 2,385,625 2,474,037 2/649,785 3,084,605 2.977,404 2,970,219 29,230,037
*2,652,00o
881,757
866,255
371,061
*415,51s
926.770
970,376 1,026,083
913,815
955,301 1,054,068
1,142,384 1,170.663 1.250,656
1,230,0dl 1,262,185 1,¿53,217
' 903,033 854,582 801,527
912/933 056,347 l,00u,978
907,655 089,623 1,085,975
1,100,030 1,124,5*6 *1,160,974
867,603
1,080,055
775.707
913,390
775,093
8fc8,7o8
859.140
449,625
428,702
882.259
417,012
434,447
500,085
458,224
552,904
617,787
649,891
610,706
604,279
621,362
577,291
579,454
567.597
5d3,296
1,239,483 1.974,7)8 1,209,045 1,230,783 1,154,651
1,034,64. l,146,0n9 1,165,850 1,245,052 1,221,902
1.312.338 1.449,555 1.334,201 1.443.536 1,396,7*3
5.423,549
5.817.754
5,781,048
118,187,270
115,591,109
957/700 1,000,4 9 937,824 1,000,527 1,007,505 l,137,«01
961,689 1,038,305 L* 22,2 > 1,085,494 1.02<i,123 1.130,988 11.897.417
1
1,051.155 1,105,209 1,123,648 1/170,598 1,121,446 1,-*90/151 11.999,490
12.619,435
2,676,834 2,806,061 3,022,133 8,043,058 3.854,013 4,414,242 4,357,251 3,803,29» 8,47*1.546
3,255,866 3,551,597 8,102,940 3,086,1x7 4,054,595 3,820,053 4,031,207 3.980,4(0 8,627.202 39.890.355
3,424,024 3,701,o25 3,850,278 4,353,004 4,652,25b 4,816,0.2 4,065,933 8,772,933 43,163,943
45,588.908
8,6<1,256
2,769,462
3,139,716
3,U26,776
3,38. ,365
322,826
337*011
321,195
200,805
337,845
358,658
313,211
342,498
355,240
366,714
t 892,406
370,588
400,862
. 465,510
501,035
887,947
445,489
476,764
628,401
202,723
246,978
279,209
200,014
340,949
200,840
274,452
328,000
858,806
2,578,810
2,867,741
2,110,739
2,304,060
2,203,700
2,585,546
2,016,390
3,264,104
2.359,040
2,755,192
3,000,946
3,10a,658
2,718,559 2,713,394 2,780,614 3,210,897 3,579,848 3.828.448 2,817,080 82,178,701
2,7*6,324 2,535,193 3,019,787 3,092,18» 4,078,456 3.500.448 8,501,27? 80.089,727
3,395,981 3,384,470 3,3(0/003 3,870,400 4,8*7,091 4,022,680 8,505,30» 40,566.626
3,410,204
2.206.831
2,586,872
2,001,421
3,104,00«
2,208,610
2,711,007
2,853,016
3,3)4,6il
2,637,439
3,086,800
3,337,223
3,458 267
2,914,527 2,944,013 3,120,123 8,581,045 ,3,626,259 8,804,711 2.675,10H 33,474,068
2.095,864 2,810,284 3,4I4,3>4 3,598,274 3,670,66-' 3,374,871 8,272,014
3,635,304 3,092,2/5 3,001.414 4,177,4:3 4,270,022 3,704,642 3,201,660 37.151,015
41,437.098
3,686,173
1,240,005
1.590.831
1,330,034
1.570,781
1,201,891
1,528,14?
1,463,168
l,732,tf38
1,819,156 1,385,010 1,583,807 1,959,014 1,960,463 1.999,82 1,848,225 1,734,783 18.955,389
l,00n,27d 1,670,709 1,071.73* 2,051/03 2,030,813 2,161,7.9 1,621,913
1,029,530 1,766,355 1,860,33a 2,223,702 . 2,383,30d 2.353,013 1,966.611 1,741,712 20.831.680
1,833,082 21,885,993
1,(8», »6»
523,636
501,272
7lu,019
071,05a
518,365
598,063
651,346
0)tf,oe8
674,810
658.708
730,030
771,230
635,587
014,141
8du,082
057,115
712,200
870,197
749,555
092,571 ! 727,345 8,652,791
091,983 1,087,357
881/<26 1,061,640 1,1)3,931 1,080,242
0 (7,70a 9.590,980
070/763 1,098,984 1,1*4,721
999,710
791,572 10,488.813
261,511
321,161
322,307
802,104
1299,555
. 32U.Ó01
364,470
, Sd(,o63
304,848
463,54*
400,403
443,470
290,334
411,047
400,466
411,5/7
312,002
40o,oa«
397,063
3041707
417, 46
428/209
985,460
1,061,718
1,068,979
1,164,700
1,164,403
1,356,00:
1,067,288
1,173,302
1,200,601
1,306*38
301,848
424,257
415,6s5
451,038
521,543
215,405
227,197
287,101
082,733
1.220.380
138,180
293,180
312,331
363,364
*382,185
273,876
321,008
386,078
300,848
379,354
447,088
846,572
396,276
442,026
442,244
414,934
486,098
413,408
407,0 5
439,738
4(5,308
444,410
475.971
4,142,209
4,363,108
4,898,073
889,272 . 382,500
472,000 391,126
406,500
524,78»
603,602
488,693
520,440
687,702
524,140
551,646
670,915
; 628,602
543,529
649,691
474,147
476,951
560.39?
393,385
482.255
548,3*8
5,078,300
6,506.511
0,389.348
306/969
300,230
37l»021
311,678
393,624
371,141
325,109
307,542
370,946
280.748
274.109
360,622
255,568
274.147
336.501
8.200,655
8,823,005
3.868.980
281,078
280,521
829,663
*343,831
303,294
204/045
340,326
327,140
4«0,<U0
44^,812
319,392
406,332
450,20?
335,482
410,6)2
440,09)
340,544
8?5,*44
43d.2 bd
3,859.113
4,0*8.994
4,825.754
1,117,022 1,099,658 1,250,0^7 1,239,096 1,297,581 1,209,479 1,325,020 13,848,529
1,200,215 1,146,063 1,309,050 1,400,326 1,325,216 1,249,601 1,352.402 14.082.600
1,354,242 1,204,796 1,365,012 1,504,226 1,6(3,663 1,502,55b l,605.e2x 15,612.823
•1,457,000
127,004
08,213
161,000
102,143
107,348
130,088
133,537
117,404
116,106
163,674
115,446
127,004
150,055
li 1,229
157,608
130,230
16 (,6d3
*123,703
153,333
140,33a
151,911
103,583
122.014
151,178
160,993
157,394
180,955
177,277
150,*37
106,435
140,224
152,336
207,553
166,819
143.351
201,025
435,953
560.710
588.34b
708,804
526, 86
038,3jO
703,845
811,100
552,045
647,708
765,022
780,020
558,049
058,247
810.4&8
8)2,o76
616,816
7» 1,724
716,030
*8ao,8,0
698,376
721,372
706,453
684,737
784,090
800,131
731,313
804,934
957,275
791,958
896,3)2
080,065
808,105
849,00a
930,077
700,920 * 7,651,123
814.306 8,740,037
860,734 9,714.724
2,175,542
2,247,101
2,214,03s
2,582,080
2,455,706
2,721,033
2,766,6)4
2,808,8(0
2,418.567
2,604,544
2,003,830
2,046,032
122,932
1,021,727 1,253,30? 1.354.204
1,274,305 1,648.07b 1,721,438
1,074,458 1.823.204
1,770,830 2,470,088 2,»53,0 ..4
1,455,183
♦157,744
171.330
*188.930
235,257
325,170
366,568
100,612 . 231,323
*187,004
101,903
220,301
372,712
2,716,875 2,906,790 2,850,804 3,181/791
2,826.828 2.73 ,200 2,5)0,000 8.078 007
2,993,759 8,28o,80d 3,302,53a 8.670/087
3,161,11?
1,018,409 1,480,274 1.778,819 1,777,585
1,972,874 1,0x1,253 1,769,011 1,940, ¡6 1
2.03 »,083 2,07 (,4o0 2,260,030 2,207,814
2,209,050 2,413,3:2
*100,296
224,307
262,504
8)7,672
*218,067
220.183
. 282,66a
*403,075
*165,986
193,060
810,762
*147,452
230,010
335,563
1,757,371
1.644,005
1,873,9)0
8,189,070 3,269,2*3 2,956,020 2,793,295 83,187,072
2,054,928 3,110,146 2,0*8,4bO 2.73 ,*53 32,800,010
3,410,606 3,40», 190 3,386,096 3,180,215 30,800,409
2.448,75 > 2,719,307 2,342,138 1,881,184 20.747.424
2,781,502 3,106,2*0 2,630,3* 1 2,232.(09 34,061,025.
3,113,272 3,410,550 2,940,185 2,301,233 27,2a2,669
*288,139
241,008
845,500
*325,650
244,000
39 *,9.4
*293,615
2bl,704
389.553
*262,631 *2,583,600
240,7(8 2,701.086
3d?,465 3,581,0(7
1,764,240 1,799,818 1,614.432 1,831,498 1,793,454 1,984,075 2.175,681 2,346,202 2,439,390 2,563,700 2,578.244 24,788,995
2.183,3 8 2,277.760 2,110,300 2,235,058 2.137,38* 2,052,074 2.371,9x0 2.384,014 2,460,737 2,563, 40 2,500,5b6 27.6(0.274
3,326,7 6
2.152.380
2,442.20? 2,113,577 2,254,184
2,381,790 2,017,275 2,737,105 3,012.(01 2,821,763 2,610,5)0 30,095,809
2,031,415 2,875,745 2,411,206 2,625,409 *2,001,072
128,704
134,717 134,421
100,616
131,951
132,320
180,331
161-736 172,477
107,841
164,521 1,733.537
167,6oo
148,8».
149, 03
140,432
135,360
168,930
2 >5,455
1x4/543 2u8,510
1HH
.467 180,2 4 2.015.(75
157,135
100,242
175,558
195,731
156,4 9
171,554
225,104 238,116 *223,067
195,005 *1.-9,958 2.277.997
*185,763
170.708
200J 67
167,888 100,200
351,882
805,60»
888,7*0
486,' 07
381,283
308,0*9
380,029
4 m. ml
365,015
365,5(5
300,12*
*39 (.030
370,228
812,4)3
414,041
438,120
409,844
518,012
487,004
402.0-«
525,420
477,01?
*31,809
547,124
468,157
440,387
522,013
427,404
413,079
4*6,315
4,614,224
4.881.210
5,338.750
.
Approximate flgures.
t Includes results on E ie and branches, N. Y. Pa. A O. and Chic. & Erie.
3
+ These figures include the earn ng* o f the St. uouil
Alton A Terre Haute forall periods; they xlsotcio ude Chesapeake Ohio A Southwestern after Juty 1, 1807; Ohio valley acter August 1,1897. and Chicago A
Texas after Oct. I, 1897, but they do not include results on the Yazoo Branch after June 30, 1898.
/ Includes Ohio AMisBissiooi for all the years!
iLttltr
ft includes for ail the years all tnC •
oacs owned or cpntroll«‘d„hot excepting tne Chicago
Burlington A Northern, wbi h latter was formerly reported separately.
« After July 1, li-97, bant a Fe Pacific (old Atlantic A Pacific) is included- results ,
on Sonora By. end on New Mexico A Arizona Hv„ which were formerly included, are excluded after July 1,1897.
k We gtv^lmro only the figures of otom
$ o t t A LongB’ran^h K t o n ? * “ ® 6xo,u<led 8 4 to make the comparison with previous years correct,
08
t We*».
THE ILLINOIS
CAR AND E Q U I P M E N T
W . H . P A T T E R SO N , Vice-Pres., New Y ork.
A . 0. M cOORD, Gen. M anager, Chicago.
Freight C ars,
Forgings
C astings.
and
WE
DESIGN
AND
BUILD A L L
KINDS
OF
SPECIAL CARS.
Immediate Estimates on Specifications and Quick Deliveries on Orders.
We do a large amount of general car repairing, particularly
at our Urbana Works. If your facilities are overcrowded
we can do your work quickly and on a reasonable basis.
We have patterns and formers for almost all car castings
and forgings, and can supply any of these promptly.
( 136th S treet, Chicago.
W O R K S :]
( Urbana, Ohio.
!
0ld Colony Building, Chicago.
.
v .
■■;
;
• , . • ?
100 Broadway, New York,
@FedFRASER