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184 ITVCL.XJSIVE.
GENERAL INDEX.
Paoe.
EDITORIAL ARTICLES—
THE TEHUANTEPEC ROUTE
5
RAILROAD CONSTRUCTION IN THE NORTHWEST
STEAM RAILROADS
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THE TEHUANTEPEC ROUTE.
The attention
£ hromcle.
ommercial & ]7 imncial
28,
Librarian of Congress, Washington. D.
1906
C
No. 2144.
Tehuantepec Railway from
Coatzacoalcos to Salina Cruz is 189 miles, with one
branch 17 miles long in addition. As fast as the older
portions of the line were completed they were laid
The
with
total length of the
56-lb.
but
rail,
80-lb.
rail
tuted for this, and most of the road
with the heavier
ing
work on the
rail.
line,
now been reduced
being
is
is
substi-
now equipped
There is much difficult engineerbut the maximum grades have
to
1.6% and the
revision
and
done by the present contractors will make
heavy trains on a good schedule.
it possible to work
At the time of writing, all the engineering and construction work on the railroad proper has been completed,
except for a portion of the ballast, which has not
yet been placed beneath the ties.
The port works at Coatzacoalcos and Salina Cruz
are not so far advanced, but in May 1906 the Mexican
re-location
been so fixed on Congress passed a bill appropriating 24,000,000 pesos
the Panama Canal as a prospective short route from (say $12,000,000) for this work, and it is believed
the Atlantic to the Pacific that another means of that this sum will be quite sufficient for the purpose.
communication, now almost complete, has been quite Ten million pesos are to be taken from the treasury
overlooked. The Tehuantepec National Railway, reserves in providing this capital; a sum not exceedconnecting the deep-sea harbors of Coatzacoalcos, on
ing four million from the surplus of the current fiscal
the Gulf of Mexico, and Salina Cruz, on the Pacific, year, and the balance to be raised by issuing treasury
ha> been built in a strategic location that attracted notes between 1907 and 1909, running for not more
the attention of Cortez as long ago as 1520, and was than two years.
It is provided that the issue of
.-eyed by order of the Spanish Viceroy in 1774,
these notes must not exceed eight million pesos in
ftud again, after Mexico became independent, in 1824 any one year.
"El Mundo" estimates the total cosl
and in 1842. A number of attempts to complete of the port works at $65,000,000 Mexican (say $32,the road were made without success prior to 1882, 500,000 United States gold), of which slightly more
when the Mexican Government undertook the work, than half has been spent already.
haying taken over from the previous concessionaire
From this brief resume of the physical and financial
all the railroad property on the Isthmus of Tehuanteaspects of the undertaking, it will be seen that the
pec, at a cost of $125,000 in Mexican silver dollars
Mexican Government and its partner, the contract]
and SI. 500 ,000 in United States gold.
firm, have gone about their work with great care and
From 1882
of the world has
to 1898 the
work
dragged for various causes, such as lack of funds and death of contractors.
But in 1898 the contract was given by the
•eminent to S. Pearson & Son, of London, under
a form of partnership in the enterprise.
This partnership was:
the
amended
National
in
also
1902, and bears the
Railway
Company
name
of
Tehuantepec,
with a working capital of £700,000 and an agreement
that the profits and losses of operation shall be divided
between the national and the private partners. This
of
contract terminates in 1953, and contemplated the
construction and operation of a well-built and equipped
railroad,
together
terminals.
u E. L. Corthel
with
thoroughly
good
deep-sea
thoroughness, in the evident expectation of a full
return for the large outlay which has been mai
There remains to be considered the economic aspe
of the Tehuantepec route, and the effect which h
likely to have on traffic moving between the Atlantic
and the
Pacific.
Canal,
must be remembered,
it
Tehuantepec
In comparison with
Railroad
is
built
first
the
Panai
of all, that
the
and nearly ready
over its entire length, while the Panama
Canal cannot begin its competition for a term of
years varying greatly in the estimate, according
Supposing both
the temperament of the estimator.
move
traffic
routes in operation, however, the [sthmus of Tehuantepec is much nearer United States ports than Panama
is,
the distance
from
New York
to
San Francis'
RAILWAY AND INDUSTRIAL SECTION
[Vol. Lxxxur.
being 4,925 miles via Tehuantepec, and 6,107 miles of nine steamers in the two services. The company
via Panama.
Via Tehuantepec it is 8,666 miles from expects thus to afford a 25-day service by the new
New York to Yokohama; via Panama, 9,835 miles. route as against the 35 or 40 days now taken to transport such freight between these points as moves by
Moreover, it has often been pointed out that the
way of Panama, and approximately 21 days for slow
Straits of Panama lie in the belt of calms, rendering freight by rail lines across the Continent, although the
that route very disadvantageous to sailing-vessels, so Southern Pacific, trans-shipping into steamers at Galthat much of the sail traffic is likely to be permanently veston, performs this service somewhat quicker say
in 17 days.
The other steamship lines from New York
discouraged from the use of the canal by this fact,
to the west coast
the Merchants' Line and the West
taken in connection with the cost of dues and towage.
Coast Line, running regular services, with a considerSuperior in all these points, the Tehuantepec route, able amount of miscellaneous chartering ship in
of course, presents the great disadvantage that it foreign bottoms, and hence make no attempt to comwill require break of bulk.
What the economic effect pete for trade in United States ports. But the business with Peru and Chili is increasing rapidly, and the
of this will be, as a permanent influence, is hard to
sea haul via the Straits of Magellan is so tremendous
determine because there are no parallel cases to go by.
that the Tehuantepec route naturally feels itself in
The canal dues must necessarily be high to provide, position to compete effectually for much of the busiat least in fair measure, for the great interest and ness, except when ship-owners accept a nominal sum
maintenance costs. The time of trans-Isthmian because of their desire to move their vessels from one
ocean to the other.
freight from sea to sea at Tehuantepec is estimated
—
—
—
two days, and
assumed that a steamer
The amount
of
transcontinental
actual
freight
be moved by rail in the United States is doubtless
much
able to pass through the Panama Canal in a single smaller than is commonly supposed, and a fair proporday. But the average saving in distance via the tion of it calls for rapid movement such as the traffic
Tehuantepec route, for freight from the Pacific to in citrus fruits and will always go by rail. Far
more important to the Tehuantepec route is the
at
it is
will
—
—
Europe and
to all points
on the Atlantic coast
of the
general traffic movement, European and Oriental,
Those now passing around South America or originating or
who are interested in transportation via the Mexican terminating at South American points. Even with the
isthmus figure this as being equivalent to five days' disadvantage of the break in bulk, the Mexican route,
sailing for the average tramp or charter steamer, so if managed with skill and courage, as it seems certain
that it will be, should make some radical changes in
that, taking into account the difference in time across
commercial geography. It now stands at the threshold
the respective isthmuses, which is one day in favor of
of an exceedingly interesting experiment in transporPanama, they show a clear gain of four days for the tation, dealing not alone w ith the traffic movement
freight that moves via Tehuantepec, and estimate now existing, but with the traffic which facility of
that the cost of breaking bulk and shipping by land movement can develop. This last is an entirely unknown quantity that cannot even be guessed at.
across the isthmus will not exceed the Panama Canal
The Tehuantepec managers lay stress on the fact
dues, ton for ton.
that this part of Mexico is much nearer what may be
If these assumptions are correct, the Tehuantepec called the axial line of the world's trade than is either
route should prove a very important one indeed. Nicaragua or Panama; the line, that is to say, drawn
Whether they are correct or not cannot be determined from Hong Kong to Yokohama, across the Pacific to
Atlantic to LiverNo statement has been made as to the San Francisco, and finally across theline, following the
in advance.
pool.
It is well known that this
dues to be charged at Panama, and such calculations curve of the earth, lies so far to the northward
as have been presented are based on the practice at that the mathematically shortest route to any point
Suez, modified by the fact that the profits of that in Asia from any point on the American coast, includenterprise perhaps run higher than they would if it ing Panama, crosses the Pacific close to the Aleutian
was worked by the Government (although its efficiency Islands. To get from the great circle course on the
under private control is doubtless greater, and its Pacific to the great circle course on the Atlantic reexpenditures less). It seems reasonable to suppose quires a long detour south at best, and the more
that in the distant time when the Tehuantepec and northerly the point at which the American continent
United States,
is
estimated at 1,250 miles.
r
Panama routes actively compete, much of the relative can be traversed the shorter the distance. Some
movement will depend on the ocean freight market. the important through routes may be tabulated
For many years there has been a marked lack of follows:
of
as
Via
Via
Via
balance in steamer charters. The freight has either
Tehuantepec, Nicaragua, Panama,
mile.
been seeking the carrier, or the carrier has been seeking
miles.
miles.
5,651
6,107
4,925
the freight, and the rates have varied tremendously, New York— San Francisco.
6,524
6,855
5,647
— PiiEet Sound.
7,113
7,555
6,347
—Sitka
according to which of these conditions existed. It is
3.507
2,722
3,988
Acapulco
known that at the time of the Boer War there UP] "
12.645
well
12,313
11,597
Hong Kong...
11,357
11,47]
11,068
—Melbourne
was greal scarcity of carriers, and that this stimulated irrl "
9,071
8,274
8,783
Liverpool —San Francisco
10,670
10,622
—Honolulu
8,806
such over-production of vessels that the charter busi14,175
13,768
13,223
—Yokohama
1.435
Under
ness has had a series of lean years ever since.
14,489
14,113
—Melbourne
4,776
5.415
3,561
New Orleans San Francisco
the presenl conditions carriers would probably make
A connection from the City of Mexico to the Teevery concession to get a maximum haul, and this
would tend against the route that required a break huantepec National Railway is afforded by the Vera
The
of hulk and the giving up of cargo by one ship to Cruz & Pacific extension to Santa Lucrecia.
another.
At time- when freights arc high, however, Mexican Government feels thai the internal trade of
seems likely that the ship-owner, temporarily in the country will necessarily he stimulated by the
it
control of the situation, would prefer the shorter haul through facilities thus afforded east and west with
The Vera Cruz
the United States, Europe and Asia.
and the prompt return cargo.
\nnouneement was made just aliout a year ago & Pacific has hitherto maintained a somewhat preAmerican-Hawaiian Steamship Company, carious existence with its line southeast from Cordova;
that, the
operating a fleet of vessels from San Francisco and it now believes that it stands in a position to receive
Hawaii to New York, through the straits of Magellan, increasingly important business at its southern terhad concluded a -contract with the Tehua ntepec mini, and to follow the growth of the country.
Some time d'uring the present Near the traffic route
managers to operate connecting steamship lines on
both the Atlantic and the Pacific sides, making use via Tehuantepec should he definitely established, al•
—
—
I
July, 1906.
RAILWAY AND INDUSTRIAL SECTION.
J
though the port works are still elementary. It will
be a study of much interest to trace the development,
both prior to and after the opening of the Panama
Canal.
The Southern Pacific has shown, at Galveston
and New Orleans, that freight can be profitably and
expeditiously transferred from rail to steamer; the
Tehuantepec Railway will require one more step in
the handling, but with good management, abundant
capital during the early years, and an efficient system
of agencies, this should not materially hinder its
growth. As a side issue, but by no means an unimportant one, it should ultimately serve, by its competitive influence, to keep the Panama management
awake to its responsibilities. If the Tehuantepec
enterprise succeeds at all, it must necessarily be kept
free from the waste and inefficiency that even now
threatens the governmental control at Panama.
RAILROAD CONSTRUCTION IN THE
NORTHWEST.
The present year
railroad
building.
one of marked activity in new
Although the extensions by no
is
means approach the record reached in the construction
mania of twenty years ago, when in one year (1887)
over 13,000 miles of new main line track were laid in
the United States alone, the year 1906 easily surpasses
in number, extent and
strategic importance of its undertakings.
There is a difference in kind between the new lines
now being built and those which at that time made
such tremendous increases in the operated mileage of
the country.
The bulk of the new construction of
1887 and 1888 was by the granger railroads, which
already in most cases extended to the limit of settlement which could then make a railroad profitable.
Foreseeing the future several years too soon, they
pushed their lines in reckless competition for new mileage so far ahead of the normal spread of population
that the extensions became, and continued to be for
years, instead of profitable feeders to the old lines,
continuous drains, on account of their thin traffic, on
the profitable operation of the whole system.
This craze for new mileage was of course largely responsible for the disastrous financial crash which came
several years later in 1893.
It was followed likewise
by a reorganization period in which the roads that had
stretched their mileage and resources faster than
traffic warranted had an opportunity, through capital
readjustment, to get on their feet again and begin a
new and saner progress toward the tremendous prosperity which was to come ten years later.
This illjudged and extensive boom in railroad construction
was not only a serious setback to the railroad
companies involved, but also to the growth and progress of the West.
The wide-spread hard times which
came as a result checked the immediate progress of
settlement far more than a few years' delay in making
the new extensions could have done.
The present era of railroad construction had its
beginnings in the latter part of 1905, and is a development of a different sort. The first to openly recognize
the new tendency was Mr. E. H. Harriman, President
of the Union Pacific, in his now famous- remark made
in the fall of 1905 that in his opinion the country,
having lately passed through an era of competitive
railroad buying, was now entering upon a period of
competitive railroad building. At the time this remark was made its import was much less clearly understood than is now possible. The fact that the Chicago
Milwaukee & St. Paul had completed plans for an extension to the Pacific Coast was at that time only
guessed at by the general public, and the true import
of some of the then already projected lines was scarcely
realized.
Quite naturally, since it came from a man
with so complete a knowledge of the Western railroad
situation, this opinion as to the general tendency of
the next few years has been steadily receiving new
any recent similar period
Quite naturally also it turns out that
corroboration.
the region in which the greatest amount of new building is to be done is that served by Mr. Harriman's
railroads, in particular the northwestern part of the
United States.
The
three existing trans-continental lines (so-called)
the Northwest are, beginning at the South, the
Union Pacific, fed by the various lines at Omaha and
Kansas City, with a direct connection to San Fran-
in
and its Oregon Short Line and Oregon Railroad
Navigation, bringing it to Portland, Oregon; the
Northern Pacific, which connects St. Paul and Minneapolis with the cities of Puget Sound, and, close to the
International Boundary, the Great Northern, connecting St. Paul with Seattle. Completion of the new
lines already openly projected will raise the number to
five, the new competitors being, first, the through
Gould line made up of the present Colorado line of
the Missouri Pacific and the Denver & Rio Grande
to Salt Lake City, plus the Western Pacific, on which
track-laying has just been begun from Salt Lake to
San Francisco; and, second, the Pacific extension of
the St. Paul road.
A description of the Western
Pacific was given in the article "Recent Extensions of
the Gould System" in the "Railway and Industrial"
section for April 1906.
This showed that the new line
will be approximately 850 miles long, with 400 miles
of branches, and will parallel the old Central Pacific,
the Union Pacific's San Francisco connection, over a
route asserted to be superior, particularly in gradients,
to that of the Harriman line.
Its main purpose is of
course to serve as a western outlet which shall secure
a share for the whole Gould system in the profits of
through trans-continental traffic.
The St. Paul extension is in many respects a project
of a different kind.
A financially strong and highly
developed local railroad has found the need of its own
connection to the Pacific, and has begun work on a
1,500-mile extension to Puget Sound. The new line
begins at Evarts, S. D., the present westernmost terminus of the road, and the route, as nearly as can now
be ascertained, is to be west from the Missouri River
at this point to the Yellowstone River in the southeastern corner of Montana, thence closely paralleling
the Northern Pacific into the Butte mining region,
and from there west through an unoccupied gap in
the Rocky Mountains, or Bitter Root Range, near
the western boundary of Montana, known as Lolo
Pass, into the rich valleys of Idaho, across the northern
half of the State to a point on the upper part of the
Columbia River south of Pasco, Wash., near the point
where the river begins to be the Washington-Oregon
boundary, thence northwesterly across the State of
Washington to Seattle and, probably, Tacoma. Besides the 1,500 miles of line directly involved in this
extension, the ultimate plans of the company are believed to include a considerable amount of new mileage
to be eventually built as branches and feeders to the
new through line.
Besides these two new through lines to the Pacific
Coast, another large system, which as yet lacks a
Pacific terminus, is busy with a new extension which
might ultimately become a part of a much more important project. The Chicago & North Western is
rapidly extending its westernmost line from Casper,
Wyoming, to Lander on the southern edge of the
Wind River, or Shoshone, Indian Reservation, which
is to be opened for settlement by the United States
Government this August. This line lacks only a few
miles of completion, and when finished Chicago &
North Western rails will he almost directly north of
the eastern boundary of Utah,
it is believed to he the
purpose of the company to continue this line through
Southwestern Wyoming to a connection with one of
the Harriman lines in Utah or Idaho, thus enabling
the North Western to gel a 1,500 instead of a 500or. in other
mile haul on through traffic to tin
words, to deliver traffic to the Union Pacific in the
'it. at
neighborhood of Ogden instead o
Omaha. It is even within the bounds of possibility,
cisco,
&
.
.
RAILWAY AND INDUSTRIAL SECTION.
8
[Vol. lxxxiit.
flatly denied by the officers of the road, that
the ultimate purpose is a North Western through line
lo Pacific tidewater, either at San Francisco or at one
of the northern ports.
The great profit on long-haul
trans-continental traffic is a strong argument in favor
of such extension for any road ending short of the
coast, and as time goes on it is likely to become more
and more potent as a compelling cause.
^- The Chicago Burlington & Quincy is also taking a
share in the railroad development of Wyoming,
hitherto little occupied by railroads.
Like the Chicago
& North Western, it is to be on the field in time for
the opening of the Shoshone Reservation.
A line has
just been put in operation from a point on the MontanaWyoming boundary south to Worland, a town on the
Big Horn River north of the reservation. This north-
the extensive construction program of the Harriman
system. Aside from the one storm area about Portland and Seattle, this is a peaceful move. That is, it
consists in occupying new territory in advance and to
the exclusion of other roads. This new policy of
branch line development is to find expression particularly in Oregon, a State in which vast areas are at
present without railroad facilities, and in Idaho,
Nevada, Utah and Northern Nebraska as well.
Other railroad developments in the Northwest can
only be briefly mentioned. Most important perhaps
is the Moffat road, the Denver Northwestern & Pacific,
which is being pushed slowly but steadily westward
on probably be extended most
and connected up with the
two Burlington east-and-west feeders which already
enter the southeastern corner of the State.
Another
system which is apparently to play a considerable
much
though
and-south
from Denver to Salt Lake City. It is too early to
form an accurate judgment of its probable success as
a through carrier, but it is to be noted that it will be
shorter and, if present plans are successfully
carried out, with easier gradients than the Denver &
Rio Grande between the same points. In addition, it
opens up a wonderfully rich undeveloped region, comparable in extent with the State of Pennsylvania.
share in the "railroadizing" of the great State of In Nevada the gold discoveries of the last two or three
Wyoming is the Colorado & Southern, which, in ad- years have brought about great activity in the condition to its extensive expansion program in the south- struction of local railroads to connect the mining cenwest, is announced to have plans under way for con- tres with existing through lines.
South Dakota,
tinuation of its line already extending into the iron hitherto scarcely touched by railroads west of the
ore region of the southeastern part of the State, Missouri, is also the field of much new construction.
north across Wyoming to a conjunction with the The St. Paul, in addition to its trans-continental line,
Northern Pacific and the new St. Paul line at some like its great rival the Northwestern, is rushing work
point on the Yellowstone River in Montana.
on an extension westward from its nearest Missouri
By no means least in importanec among the pieces River terminus to the Black Hills mining region.
of new construction in its effect on through traffic in The Minneapolis & St. Louis is now grading a 150the Northwest is the Portland & Seattle, a line now mile extension from Watertown west to the Missouri
being built by the Great Northern and the Northern River, with a 100-mile branch. This expansion by a
Pacific jointly.
Of these the Northern Pacific only, comparatively small road shows how strong is the
and that by a roundabout route via Tacoma, reaches present inducement to occupy new territory to the
Portland.
Beginning at Pasco, Washington, where westward. One other new line in this eastern region
the main line of the Northern Pacific crosses the lately completed is also worthy of mention the Great
Columbia River 250 miles above Portland, the Port- Northern's connection from Sioux City south to a
land & Seattle, keeping close along the north bank junction with the Burlington near Omaha, a line
of the river, makes for the Oregon city, paralleling which in a very striking way unites the interlaced
of the
line will later
way
across the State
—
the Harriman (Oregon Railroad & Navigation) line
on the south bank. When this line, which is being
built with low grades to meet Mr. Hill's standards of
through traffic, is finished, it will not only bring the
Northern Pacific into Portland by a much more efficient route than at present, but will give the Great
Northern, whose direct connection from Spokane to
the Harriman northern stronghold has hitherto been
the Oregon Railroad & Navigation, a direct line of
its own into Portland.
The Portland & Seattle, built
practically in sight of its immediate comentire length, furnishes an example of
competitive railroad building in the fullest meaning
of the word.
The Harriman forces in turn have made
large purchases of terminal property in Seattle, and
parallel
and
petitor for
its
construction work has already been begun on a new
line, the Washington Northern, which is to connect
Portland with Seattle and bring the Harriman lines
into a territory hitherto entirely dependent upon the
two Hill railroads.
The Hill system has
Burlington mileage in Nebraska and western Iowa
with the traffic centres of Minneapolis and Duluth,
and will probably have a considerable share in every
contest between Chicago and the northern cities for
the grain trade. This sums up briefly the most important railroad construction in the Northwest today. It takes no account of several potentially important projected lines which have not as yet passed
beyond the promotion stage, nor of the swift occupation of the Canadian Northwest by four different railroad systems.
The two most notable facts which stand out in this
review of the important projects under way are, first,
the growing importance of through trans-continental
lines, and, second, the desire to occupy new and
The remarkable inhitherto neglected territory.
creases in earnings shown by the trans-continental
roads in recent years and the rapidly growing commercial importance of the Pacific Coast have opened
the eyes of railroad managers to the richness of the
M
The additional profit in a
also another competitor to face trans-continental traffic.
the State of Washington.
A new 150-mile road 2,000-mile over a 500 or 1 ,000 mile haul is very great
known as the Spokane International will shortly be in It is to secure the whole instead of something like a
operation between Spokane and the Canadian Pacific's quarter of the through haul, that a road like the St.
Crows Nest Pass line This will give the dominating Paul breaks through its long established local policy and
Canadian
m and its American ally, the "Soo" expands into a through trans-continental system.
Alline, a new traffic route from the St. Paul gateway to The territorial motive is even more important.
for existing traffic
Spokane and, via the Harriman line, to Portland, and though in certain cases competition
an opportunity to bid For part of the. through traffic of is the objeel of the new lines, it is notable that in
It is be- genera] the desire to occupy new territory is upperthe Great Northern and Northern Pacific.
s ""' difficult to see, though it is hard to
1'
lieved to he partly in retaliation for this move that most.
his means to the country as a whole.
realize;, wh:il
Mr. Hill has lately begun extensive railroad construcIt signifies that the western march of population has
tion north of the Canadian boundary.
The Portland & Seattle, the Washington Northern reached the Stales of Wyoming, Montana, Idaho,
and the Spokane (international an; all examples of Washington and Oregon, and that the vast undevelwhat may be called traffic competition, since they all oped areas hitherto included in their boundaries are
more or less closely parallel existing roads whose traffic to be made populous and productive. The West in,
they intend to share. Another sort of competition, the narrow setise of the word, is being attacked in its
which may he designated territorial, is exampled in last strongholds this side of the Pacific Ocean.
,^J
in
'
I
—
|
—
—
—
,
—
RAILROAD COMPANIES.
FOR MISCELLANEOUS COMPANIES SEE PAGES
TO
153
178,
INCLUSIVE.
EXPLANATORY. — This
Supplement Is expressly Intended for use In connection with the investment news and official reports published from wee
week in the "Chronicle." Frequent reference is therefore made to the volume and page of the "Chronicle" (as V. 74, p. 000) where fuller infor
mation may be found. Following also each statement is given a reference to the latest news Item in the "Chronicle" respecting the company. As
every such item contains a reference to the last preceding Item, the reader can run back over the company's history at pleasure. Annual reports
are In black-faced figures, and italics indicate a paragraph headed by the name of some other company.
Any company not in regular alphabetical order may be found by means of the index, on another page, to roads leased and consolidated.
Index.
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 of space, sometimes only in text below) as follows:
Opposite bonds, this means the miles of road owned covered by the mortgage.
Miles of Road.
Shows (in dollars unless otherwise marked), the denominations or par value, "100, &c," signifying $100 and larger.
Size or Par Value.
Rate Per Cent. The interest and dividend rate, per annum, is here shown; g., gold; cur., currency; x, extra; s., stock or scrip.
When Payable. —-J. & J. stands for January and July; F. & A., February and August; M. & S., March and September; A. & O., April andOctober;
M. & N., May and November; J. & D., June and December; Q.- J., quarterly from January; Q.-F., quarterly from February; Q.-M., quarterly
from March.
Bonds, Principal When Due, Etc. This column shows the date when the bonds mature and the amount and date of the last dividend.
Abbreviations in table: M. for "mortgage"; gen. M. for "general mortgage"; con. M. or consol. M. for "consolidated mortgage": Inc. M. for "income
mortgage"; g. for "gold"; c. or cur. for "currency"; guar. p. & 1. for "guaranteed principal and interest"; cum. for "cumulative"; non-cum. for
to
—
—
—
—
—
—
—
conv. for "convertible into stock at holder's option": pref. for "preferred"; s. f. for "sinking fund"; 1. gr. for "land grant"
"fully registered (no coupons)"; c. "coupon"; c* "coupon but may be registered as to principal":
br. "branch":
end. "endorsed"; red.,
"redeemable"; d'rn or "drawn" subject to call when drawn by lot; p. m., "per mile"; as'd, "assumed": x, payable without deduction for any tax."
Mortgage Trustees and Stock Transfer Agents (TR Treasurer's Office) are indicated thus:
"non-cumulative";
r.
NEW YORK
CITY
N. Y.
CITY
(Concluded.)
S— Standard Trust.
— Bowling Green Trust. Ta — Trust Co. of America.
Ba — Bankers' Trust.
Ce— Contral Trust.
Un— Union Trust.
Col — Colonial Trust.
Us— United States Trust.
Eq — Equitable Trust.
Usm— U. Mort. & TrustCo
F — Farmers' Loan & Trust.
BALTIMORE—
Q — Guaranty Trust.
K — Knickerbocker Trust.
BBa— Balt.Tr. & Guaranty
Ma — Manhattan Trust.
CoBa — Continental Trust.
Me— Mercantile Trust.
FBa— Fidelity & Deposit.
Mo— Morton Trust.
MBa — Maryland Trust.
Mp — Metropolitan Trust.
MeBa — Mercantile Tr. & Dep.
N — New York Trust.
SBa — Safe Dep. & Trust Co
B
S.
CHICAGO—
— Amer. Trust & Sav. Bk.
EC— Equitable Trust.
Trust &Sav.Bk.
IC—
MC— Merchants' Loan & Tr
NC — Northern Trust.
Illinois
PHILADELPHIA—
BOSTON—
— American Loan & & Tr.
— Boston Safe Dep. Trust
International Trust.
IB
NB — New England Trust.
OB— Old Colony Trust.
AC
FP—
AB
BB
'
RC — Royal Trust.
UC Union Trust.
SB— State
—
PeP
Trust.
Tr.
—
SSt — St. Louis Union Trust.
LOUISVILLE—
— Columbia Finance & Tr.
FL— Fidelity Tr. & Safety V.
LL — Louisville Trust.
— California Safe
& Trust.
End
Tr.
&
S.
D.
PITTSBURGH—
—
—
—
CPi Colonial Trust Co.
F Pi— Fidelity Title & Trust.
PPi
Pittsburgh Trust.
UPi Union Trust.
SAN FRANCISCO—
CS
— Penn.Lives & Gr.Insur.
Co. for
on
Ann.
WP— West
ST LOUIS
MSt Mississippi Valley
CL
Fidelity Trust.
GP — Girard Trust.
GuP — Guaranty Tr.&S.Dep.
PIP — Provident Loan & Tr.
Deposit
Subscribers will confer a favor by giving immediate notice of any error discovered in these tables.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
on
of
column headings,
page of
first
&c,
of
see notes
tables.
;
Date
of
Road. Bonds.
— 1st M shares g-Usm.c*&r
— "B" text
Akron & Barberton Belt
Alabama Great Southern
"A"
Preferred
Par
Amount
Outstanding
$1,000
£50
£50
6%
$4,000,000.-.
First mortgage (American Co.) gold $1,750,000. _F_c
General mortgage $1,160,000
Ce.c
Debentures gold
c
Car trust $50,000 due seml-an gold N
Do
74,000 due semi-an g (V 82 p 867)
Alabama Midland See Atlantic Coast Line RR.
Alabama New Orl Tex & Pac June Deferred "B" sh
Preferred "A" shares 6% cumulative
"A" deben red after Nov 1 1910 at 115 See text-.c
"B" debentures income redeem after 1910 at 115..C
"C" debentures income subj to call any time at 100
Alabama & Vicksburg Stock $1,050,000
Vicksburg & Meridian 1st M gold $1.000.000.F.xc*
Alabama & Vicksburg con 1st M $1,800,000 g.Ce.c
Second mortgage originally $700,000 gold
Ce.c
Alaska Central 1st mortgage $30,000,000 gold
Albany & Northern 1st M gold ($50,000 are pref) ._c
Albany & Susq Stock dividends guar by D & H (end)
1st M $10,000,000 g guar p & iconvtext Usm.c'&r
Albany & Vermont Stock 3 % guaranteed by rentai.
Allegheny & Western Stock ($3,500,000)
1st M $2,500,000 gold guaranteed p & end
G.c*
Allegheny Valley 1st M. guaranteed Penn RR
c
Mortgage to State of Pa $100,000 due Jan 1 yearly.r
Gen M ($20,000,000) gold guar p & l__FPi.xc*&r
shares
—
1878
1888
1886
1905
1906
290
—
—
—
—
— —
—
——
—
1
ADIRONDACK RY. — In 1902 merged with
AKRON & BARBERTON BELT RR.— Owns
--189(5
1890
1890
143
143
143
143
50
35
188"l
1889
1889
1905
1896
1906
142
12
61
61
1898
1869
1869
1892
262
262
262
$1,000
£100
£100
1,000
1,000
100
1,000
100 &c
100 &c
1,000
1,000
100
1,000 &c
100
100
1,000
$
&£
100,000
1,000
a belt line around Barberton, O.. and also extends to Fairlawn and Akron, O.; total, 36.1 miles.
A consolidation In May 1902: V. 74, p. 1088. Stock, $100,000, owned
equally by the Cleveland Akron & Columbus, Baltimore & Ohio. Eric RR.
and the Vanderbllt Interests. Bonds authorized, $1,500,000; Issued,
$1,100,000, of which $35,000 redeemed by sinking fund: $400,000 reserved
for future requirements.
They may be drawn at 105 by lot yearly Dec. 1
beginning 1903, by a sinking fund of $11 550 per annum. V.75, p. 440.
(V. 76. p. 434; V. 78, p. 2598.)
Southern
Ry.)— Owns
Tenn.. to Meridian. Miss.. 291 miles; leases Wauhatchle to
Chattanooga, 5 miles, and Belt Ry. of Chattanooga, 45 miles: trackage
to Blockton, Ala., 8 miles, and Attalla to Gadsden, Ala., 6 miles; total
operated. 354 miles.
—
ORGANIZATION. Controlled by Southern Ry., but operated Independently.
V. 60, p. 26; V. 61. p. 375; V. 82. p. 159.
Owns $833,300
stock of Southwestern Construction Co. received In exchange for $833,300
Cincinnati New Orleans & Texas Pacific stock.
See V. 05. p. 1173.
The stockholders of the English company— the Alabama Great Southern
d -— voted Dec. 29 1905 to liquidate the company per plan V. 81,
"*':-£
82, p lr>9, tlle shares of the American company, previously
P n i lir'i.
an neld by the English corporation, being Issued to an equivalent amount
ror the latter s stock, and the $670,000 debentures of the American company being sold to refund the £134,000 debentures due Aug. 15 1906.
The unfunded arrears of preference dividends were paid in Dec. 1905, and
the funded arrears (£81.000) were exchanged for an equivalent amount of
similar 4
obligations of the American Co. dated Feb. 1 1900, and pa:
by sinking fund 10% semi-annually till all are redeemed, Feb.'l 191 Land
are unconditionally guaranteed bv the Southern Ry.
Car trust notes
additional to those In table above June 30 1905, $72,000.
DIVIDEND—
'96. '97. '98. '99. '00. '01. '02. '03. '04. '05.
1906.
"A shares.. ..
Feb.. 8
10
°;
"B" shares
"
i
%
%
BONDS.— General
6966899 96
0000000000
mortgage
6s,
tures.
LATEST EARNINGS
£484,000,
will retire first 6s
and deben-
,83,457,537; net, 8800
.1004-5 (Jrov-. 3,036,382; net, 557,923.
I!
for 1904-05 In V. 81, p. 1431, showing:
,.
Gross. 83.308.300; net. $601,325; other Income, $51,226; interest on
bonds, $286,342; Income tax. etc.. $11,027: balance for stock. $321
dividends (6 ".,). 8185.437.
In 1903-04. $3,099,145; net, $624.925.— (V.
81. p. 1241. 1431, 1722: V. 82. p. 159, 508, 807.)
July
l
to
May
.(II
31.
AXNTAk R EPORT.— Report
a«=!1«M» .112! ORLEANS TEXAS & PACIFIC JUNCTION RAILr*/ f \°- (LIMITED.)— This Is an English company controlling Alab
& Vicksburg 143 miles; Vicksburg Shreveport & Pacific. 189 miles; New
Orleans & North Eastern. 196 miles.
SECURITIES OWNED.— Alabama & Vicksburg. $30,000 first mortgage,
«,
second mortgage. $141,100 consolidated first mortgage and
;'-'»,
$381. 7S2 stock; Vicksburg Shreveport & Pacific. $1,513,000 general mortooo
gage $2,080,100 preferred and $2,773,500 common stock; New Orleans &
?.°rth Eastern. $4,955,000 general mortgage, $1,500,000 Incomes and
$3, 3.0,000 stock: Southwestern Construction Co.. $118. 700 stock; Railroad Lands Co., $108,850 (of $120,000) stock.
When
Rate
%
5
5
5
g
g
g
In 1905
6 g
$1,050,000
1,000,000
588,800
601.300
3,500,000
400,000
3,500,000
10,000,000
600,000
3,200,000
2,000,000
9,998,000
3 00,000
7,250,000
Where Payable, and by
Whom.
Payable.
4 g
J
$1,065,000
£7,830,000
£3,380,350 6 In 1905 F
$1,750,000
6 g
J
660,000
5 g
J
670,000
F
6 g
900,000
4^ g
1,478,000
4y g
2
£10 £2,500,000
£10 £1,500,000
£50 &c
£748,850
£20 &c £1,048,390
£810,653
£20 &C
& Hudson.
the Delaware
ALABAMA OREAT SOUTHERN RR.— (See Map
wauhatchle,
pal,
Value.
1902
s f
— PrinciStocks — Last
Bonds
t
Size, or
&
June 1 1942
London
Dec 1891
do
Feb 1906 3%
FarmL & Tr, N Y; & Bosljan 1 1908
Glyn MlUs & Co, London, Dec 1 1927
do
do
Aug 15 1906
N Y, Blair & Co.
;To Feb 1915
New York.
,Nov'06-May'16
&
&
&
&A
A & O
Yearly.
A & O
&
&
&
g
g
g
&
9
3^
&
&
g
3
g
&
g
Glyn.Mills.C
&
do
Co, Lond.
do
SCG tGXt
CentralTrust Co, N Y
do
do
do
do
do
do
Chicago and New York.
Nov 1 1910-40
Nov 1 1910-40
Nov 1 1940
Aug 31 1905,7%
1921
1921
1921
1935
Hambleton & Co, Bait.
Jan
1946
Del & Hudson Co, N Y. July 2 1906 4J4
do
do
April 1 1946
Troy, N Y.
Maj 15 1906 1H
A Iselin & Co, N Y.
July 2 1906 3
do
do
Oct 1 199*
Penn
Co, Phil: & Lon April 1 1910
Treasurer, Philadelphia. Jan 1 1907 etc.
Penn
March 1 1942
Co, Philadel.
April
April
April
April
1
1
1
1
1
RR
RR
&
&
COUPON PAID— For
Dividend.
D USMort &Tr Co, N Y
M & N
M & N
g
When Due.
04. '05.
5
5
5
5
-5
1
yearly214
5
5
5
EARNINGS. See separate statement for each of the controlled companies.
In year ending Dec. 31 1905, net from investments was $167,003
paid general expenses (£3,197), income tax (£8.745), Interest on "A'
% 5
%.875
% ..
'A" Debenture
•B
do
'C"
do
—
debentures (£35,570), on
on "C" debentures,
£88.900.— (V. 81,
'94. '95. '96. '98. '99. '00. '01. '02. '03.
5%
p.
5
5
5
5
2% 4H
1%
5
5
%
2%
"B" debentures 5% paid in Jan. 1906 (£49,798).
(£38,506) balance, Including £57,715 from 1904,
1314.)
ALABAMA & VICKSBURG RY.— Owns
Vicksburg to Meridian, Miss.,
Alabama New Orleans
see.
Reorganization of the Vicksburg
& Meridian foreclosed Feb. 4 1889 (see V. 48, p. 190).
DIVIDENDS.— 1890 to 1892. 3 % yearly: 1896, 3 %; 1897 to 1890, 5 %;
1900 to 1902, 6% yearly; 1903,9%; 1904,7%; 1905,7%. Stock divi-
and branch, 143 miles, all steel rails.
Texas & Pacific Junction Co., which
Controlled by
50% In 1900.
BONDS. — The new seconds
dend of
were Income till April 1 1894, and are a
first lien on the lands
25,868 acres.
Of the $1,800,000 consols authorized.
$1,000,000 are with trustee to retire Vicksburg & Meridian firsts.
E LRNINGS.
Fiscal year ends June 30.
For 12 months ending June 30
1900, gross. 81,380,264, against 81,358,041 In 1904-1905.
Report for
1904-1905 In V. 81, p. 1607.
Viars
Gross.
Interest. He. Bal.,sur.
Net.
Dividend
1904-1905
•$162,001
81,358,043 $286,791
$123,830 (7)873. 5ntj
1903-1904
1,287,092
292,677
77,149
(9) 94,500
• Includes $59,903 for new freight cars In 1904-1905, against
$97,850 In
1903-1904.— V. 79, p. 2584; V. 81, p. 203, 1607.)
ALASKA CENTRAL RV.
ling from
on south
of Alaska, north to near Fairbanks, o
Of
dies.
this. 46 miles from Seward north were In operation Juiv
1906, and 60
miles additional under construction, contrai
for first 1^5
miles.
V. 82, p. 1495.
Annual report at leng
Stock authorized, preferred. 5% non-cumulative, 82,500,000: common.
827, 500,000; outstanding, preferred, $1,000,000: common, $1
par
of shares, $50.
Stock Is limited to $35,000 per mile.
'.000
Bonds ($30,
authorized) are Issuable at $35,000 per mile of main and 825,000 of second
track, with additional bonds for terminals, tunnels, bridges, etc.
The
Western Ttus1 &
Bank, Chicago, Is mortgage trustee. Ol
d stock, 88,500,000 each are Issui
See
—
—
—
1
V. 81 p. 1840; V. 82 p.
President. V. C. Frost, Chicago; Vice-President. H. C. Osborne, Ton
wiry. .lames A. Haight, S
er, G. L. Francis, Toronto:
.
I
General Manager, \v. B. Poland
Trustees: Albert C. Frost. Chicago; Henry C. Osnornc and Gwyn L.
Francis Toronto: George A. Ball, Muncle; George Turner Spokane: Oscar
-tie;
O. I.abaree, Spokane: John i;. Hallalne and JamW. B. Poland. Seward. Executive offices, 108 La Salle Street, Chicago.
(V. 81, p. 1374, m9, 1846; V. 82. p. 690, 748, 750
ALBANY & NORTHERN RY Albany. Ga., to Cordele. 37 miles. A
reorganization In 1895. Stock. $350,000: par of shares, $100.
Of the
bonds. $50,000 have a prior lien.
Frank S. Hambleton of Baltimore and
Henry P. Talmadge of New York are mortgage trustees. See official statement. V. 76. p. 749. Year ending June 30 1905: gross. $91,329: net,
827,050, against $20,117 In 1903-1904: charges. $21,951; balance, surplus.
85,105.
President, T. Edward Hambleton; Secretary. N. H. Johnson;
Treasurer, J. S. Crews.
(V 76, p. 652. 749.)
Office, Albany. Ga.
—
—
10
RAILWAY STOCKS AND BONDS.
[Vol. lxxxiii.
—
—
July,
—
M
J
c
RAILWAY STOCKS AND BONDS.
1906.J
Miles
For explanation
of
on
column headings. &c.
first
page of
Dale
of
see notes
of
Allentown RR (leased to Philadelphia & Reading Ry)
3
1st M guar p & 1 (end) g-.Ce.xc*
Allen town Terminal
292
Ann Arbor First mortgage $7,000,000 gold_.Mp.xc*
V &
1st M $4,500,000 g red text.SSt.c'
Arkansas
Ashland Coal & Iron Stock
_.N
22
First refunding mortgage $400,000 gold
Atchison & Eastern Bridge— 1st M g s f red text.-Ce
Stock, common.. 8,318
Atchison Topeka & Santa Fe Ry
Stock preferred $131,486,000 5 % non-cumulative ..
142
Chicago & St Louis 1st M ($10,000 p m) cur..F.c
440
Chicago Santa Fe & California 1st M gold..BB.c*&r
Injc'&r 8,318
General mortgage gold see text
Adj lnc M cumulative from July 1 1900 gold.Ce.c' &r 8,318
8,318
do lnt stamped payable M & N
do
306
Eastern Oklahoma Dlv 1st M $10,000,000 g_G.c*&r
Deb gold Ser E to L $2,500,000 each; call 105 G.c&r
red text-Mo. c*&r
Bonds $50,000,000 conv com stk
141
Hutchison & So 1st M gold red 105 begin.l908_OB.c*
372
San Fran & San Jo Val 1st M g call after 1915. Ale.
c*
Atlanta Bir & Atl— 1st M $30,000,000 g red 106. OB.
337
OB.c*
Atlantic & Birm 1st M red 110 after 1909
Joint coll trust notes gold redeemable 101_.Ta.c*
269
Atlanta & Charlotte Stock (see text)
Pref M (old 7s extended in 1897) See V 64, p 286. c* 265 H
First M (voting power 10 votes for each bond) cur..r 265 H
Income bonds (not cumulative) extended in 1900..
Atlanta Knoxville & Northern Ry See Louisville & N ashvll!
Atlanta Terminal
1st M $1,500,000 gold ...S.C* &r
"86
Atlanta & West Point Stock
Debenture certificates
"83
Atlantic City— 1st mortgage $2,200,000 gold.GuP.xc'
QP
Atlantic City purchase money real estate M
"66
Sea Coast prior lien mortgage gold
Atlan. City 1st cons M $4,500,000 gold p & 1 gu__GP All.
Stock $30,000,000 ..
Atlantic Coast Line Co. (Conn.)
SBa.r
Ctfs of indebt lnc uon-cum $6,000,000
redeem at 105 after 20 years. SBa
do
do
redeemable at par after 5 years..
do
do
—
1889
1895
1903
— W—
—
1900
1898
—
1885
1887
1895
1895
1895
1903
1902
1905
1898
1896
1906
1904
1906
—
—
Amount
Value.
,'
1
1,000
l.ooo
10.)
1,000
1,000
500
1881
1889
1900
1898
1901
1,000
1,000
350
"Y,o6o
100
189~7
1900
1905
100 &c
loo &c
100 &c
—
{See Map Delaware & Hudson.)
Operated
Binghamton, N. Y., 142 miles.
Cherry Valley, 21 miles;, of the stock $450,000
1906 by Delaware & Hudson; total operated, 163 miles.
LEASED for 150 years from Feb. 1870 to Delaware & Hudson Company;
Stock(See guaranty, V. 56, p. 774.)
rental Is 9 % per annum on stock.
holders' committee, V. 81, p. 1847.
BONDS.— The stockholders on April 7 1905 authorized $10,000,000 of 40year ZYi% bonds to refund the $10,000,000 of 6s and 7s maturing April
1906. which were in June 1905 offered at par pro rata to the stockholders of
the D. & H. The new bonds are dated April 1 1906 guar. p. & 1., and until
Apr. 1 1916 convertible into D. & H. stock $500 stock for $1,000 bonds.
Form of guaranty, V. 82, p. 986.
V. 80, p. 1174, 1362, 2343.
ANNUAL REPORT.— Year ending Dec. 31 1905, gross, $5,093,960;
net. $2,762,557.
Earnings for years ending June 30:
To D.&H
Gross.
Net over taxes. Rentals.
1903-04
..$5,848,569 $2,820,976 $1,025,203 $1,795,773
953,792
1,053.173
1902-03
4,608,822
2,006,965
(V. 80, p. 1173, 1362; V. 81, p. 1847; V. 82, p. 451. 626, 986.)
Cobleskill. N. Y., to
owned Jan
1
1
—
—
—
ALBANY & VERMONT RR Owns road from Albany to Waterford Jet.,
N. Y., 12 miles. Leased to Rensselaer & Saratoga In 1860 and now operated by Delaware & Hudson Co. Annual rental, $20,000.
ALLEGHENY & WESTERN RY.— (See Map
Buff. Roch.
&
Pitts.)
—
miles; branch. New Castle, Pa., to Cement
6 m.; total, 66 miles.
An extension of Buffalo Rochester & Pittson stock.
burg, to which leased in perpetuity for guaranty of bonds and 6
Uses Pitts. & West, from Butler to New Castle and Pittsburgh under a trackage arrangement, making In all 135 miles. See application to list In full,
V. 70, p. 849.— (V. 74, p. 774; V. 82, p. 508, 626, 691.)
Punxsutawney to Butler, Pa., 60
Works,
%
—
ALLEGHENY VALLEY RY. Owns from Pittsburgh to Oil City, Pa.,
133 miles; Red Bank, Pa., to Driftwood, 110 m.; others, 20 miles.
Controlled by Pennsylvania RR. Co., which on Jan. 1 1906 owned $9,664,150 of the $10,544,200 common and $11,876,65 1 of the $17,173,600 ol
cumulative preferred stock, and acquired most of remaining preferred. The
stockholders of the Penn. RR. voted March 13 1906 to purchase the road,
but merger not completed to July 1906.
V. 81 p. 1847: V. 82, p. 159, 459.
BONDS. General mortgage Is guaranteed by Penn. RR. by endorsement
on each bond. Real estate mortgages Jan. 1 1906, $734,564.
Report for 1904, V. 80. p. 1477.
In 1905, gross, $5,483,536; net, $1,670,670; other Income, $47,558; Int.. taxes, &c, $1,234,035; bal.,sur., $484,192.
(V. 81, p. 1492; 1549, 1663, 1847; V. 82, p. 159, 626, 691.)
.;
,,
,
—
ALLENTOWN RR.— Topton to Kutztown. Pa., 4)4
ALLENTOWN TERMINAL RR.— Owns 3H miles
m.; Reading system.
of railroad In Allentown, Pa., connecting the East Penn. (Phila. & Reading) with the Cent, of
N. J. Leased for 999 years to Phila. & Read, and Cent, of N. J. (by assign
ment from Lehigh Coal & Navigation Co.) at Interest on bonds and 5
on
$450,000 stock (par $50), bonds being guaranteed, principal and Interest,
%
by Philadelphia & Reading
(foreclosed)
and Lehigh Coal & Navigation.
ANN ARBOR RR.— (See Map
Detroit Tol. & I ronton .) —Owns road from
Toledo, O., to Frankfort, on Lake Michigan, 292 miles; operates car ferries
between Frankfort, Mich., Kewaunee and Manitowoc, Wis., and Menominee
and Mantstlque, Mich. Wabash uses Toledo terminals.
ORGANIZATION.— Successor Nov. 1 1895 to Tol. Ann Arbor & Nor.
kfich., foreclosed under Qulntard-Lawrence plan in V. 59, p. 781'.
in
March 1906 the Detroit Toledo & Ironton UK. (which see) had acquired
53.10:', ino.
V.
508.
$3,250,000; preferred, $4,000,000;
non-cumulative; par $100.
Pref. stock cert., "Supplement" Oct. 30 1897, p. 3.
BONDS cover entire property, Including terminals and freight boats.
REPORT. Report for 1904-03 was In V. 81, p. 1845, show82,
p.
STOCK. — Common,
ANNUAL
5%
—
ing:
Year end. June 30
Gross earnings
Operating expenses
1905.
$1,922,593
1,337.364
1904.
$1,979,047
1,475.133
$585,229
$600,902
280,000
54.603
$503,914
$515,809
280,000
59.955
Net earnings
Netlncome
Deduct Interest
Taxes
—
1903.
1902.
$2,037,214. $1,893,410
1,373,056
1,443.761
$593,453
$593,453
275.884
51,439
$520,354
$520,354
280,185
52,312
Balance, surplus
$266,299
$175,853
$187,857
$266,131
President, Eugene Zimmerman: Sec. and Treas., G. Caspar Nlles.
Directors. May 1905, V. 80. p. 1970.— (V. 81, p. 1845; V. 82, p. 508.)
ARKANSAS MIDLAND
—
RR. Owns from Helena. Ark., to Clarendon.
Capital stock, $1,500,000 (par $100).
Dividends paid: In 189506. 1.348%; In 1896-97, .74 %; In 1897-98, 1.92%; In 1898-99 (?); In 1899-00,
0.61 %. In 1901 entire stock was acquired by Mo. Pac. (St. Louis Iron Moun
tain & So. Ry.). V. 74, p. 206. 574.
Bonds. $176. 0110 first gold 6s. due
July 1 1911, subject to call at 110; Int. J. & J.
Year 1904. gross, $135,430;
net, $74,078; Int. and taxes, $16,503.
-V. 72,p,935.
Pres., George J. Gould,
47 miles.
ASHEVILLE & SPARTANBURO RR.— See Southern Ry., Carolina Dlv.
ASHLAND COAL & IRON RY.— Ashland to Straight Creek Jet.. Ky.
22 m.
Ches. & Ohio has trackage over this road.
The mining Interests
were In Jan. 1902 transferred to Ashland Iron &. Mining Co.. stock being reduced from $1 .547.000 to $773,500. Bonds, see V. 71. p. 27. Year ending June 30 1005, gross, $109,286; net. $37,272; Interest and taxes, $26 306;
dividends (4%), $30,940; balance, deficit, for year. $10,973. Total sur
plus June 30 1905. $221,328.
Dividends In 1895-96, 4%: In 1896-97, 4%;
In 1897-98. 4 %; In 1898-99. 4 %; In 1899-00, 4 %; June 1900 to June 20 1902
6%]yearly
Q-M), and In June. 1902.
extra: Sept., 1902. none'
OM%
3%
1,500
1,232
1,232
2,200
75
,000
1
ALBANY & SUSQUEHANNA RR
to
5 g
See text.
5 g
4,090,000
5 F
8,000,000
1,700,000 7 In 1905
4
500,000
4,250,000
7 c.
4
750,000
1,000
100
1903
1,850
10,500
5,000
5,000
3,000
Stocks—Last
Dividend.
1
71,
J
J
Q—
Q—
M
&
J
&
F &
M &
J
&
A &
Nov
M &
M &
&
&
&
&
&
&
M &
M &
&
000
4 g
200 See text.
6
200
000
5 g
000
4^
000
5 g
000
4g
000 See text.
000
5 cur
000
4
4
000
!
400 u nder Reading Co. mortga ge of 1896.
July 1 1919
& J New York and Phila.
Metropolitan Tr Co, N Y July 1 1995
& J New York and St Louis jjan 1 1953
Check from Co.'s office 'June 20 1906
& N New York Trust Co, N Y May 1 1925
D
A
S
J
O
N
S
A
D
J
O
J
J
O
o
& D Standard
&
&
N Y
1
t
1928
1905 2
Checks mailed from N Y June
|Aug 1 1906 2H
do
do
(March 1 1915
5 Nassau Street, N Y
Jan 1 1937
do
do
Oct 1 1995
do
do
July 1 1995
do
do
July 1 1995
do
do
March 1 1928
do
do
Feb 1907-1914
do
do
June 1 1955
do
do
Jan 1 1928
do
do
do
Oct 1 1940
do
Old Colony Tr Co, Boston Jan 1 1936
Uan 1 1934
do
do
Mar 6i 906 3H
u s Mor & Tr Co,, N Y Mav 1 1910
do
Jan l 1907
do
do
Jan 1 1907
do
do
do
Jan 1 1907
J Central Trust Co,
J
e.
—
ROAD. — Owns Albany
Payable.
Whom.
When
%
$50 $1,268,884 incl. $1,0
450,000
4 g
1,000
7,000,000
4g
1,000
4,000,000
4 g
1,000
773,500 See text.
50
300,000
4 g
1,000
575,000
4 g
1,000
100 101,955,500 4 in 1905
100 114,173,730 5 in 1906
6 cur
1,500.000
1,000
5 g
560,000
1,000 &c
4 s
146,634,500
500
4 g
500
25,234,000
4 g
26,112,000
500
4 g
6,128,000
1,000
4 g
1.000
19,082.000
4 g
See text.
1,000
5 g
195,000
1 ,000
5 g
6,000,000
1 ,000
— Princi-
When Due.
Where Payable, and by
Rate
Outstanding
1877
1877
1880
Bonds
pal,
Size, or
Par
Road. Bonds.
tables.
— —
II
INTEREST OR DIVIDENDS.
RAILROADS.
-
1
Trust Co,
J Atlanta, Ga.
do
J
N Y
July
1
1
June
1953
1
See text.
do
Company's opt.
NIReading Term Bldg, Phil May" 1 1919
do
do
April 1 1930
Oj
iS:
&
&
&
Ol Philadelphia
do
Baltimore
— MD|Inl905 paid
&
1948
1951
1906 2}4
Irredeemable.
Julv 1 1906 2 %
Jan 1 1925
April
5
%
Jilnl906paid4%
J,Inl906paid4%
1
June
!
&
&
1
July
Jl
9
Dec, 1%; since to Sept. 1905 4% yearly (Q-M); Dec. 1905, none; 1906
March, 1%; June, 1%. Directors, Oct. 1903, V. 77, n. 1532. President,
(V. 77, p. 1532.
Robert Peebles; Sec. and Treas., Frank B Moore.
ASTORIA & COLUMBIA RIVER RR Goble to Seaside. Ore., 79 m.;
branch, Warrenton to New Astoria, 2 m.; trackage, Goble to Portland, 40m.;
Stock outstanding, $1,619,000; par. $100.
Bonds authortotal, 121 m.
ized, $8,000,000 100 year gold 4s, due Aug. 7 1996, Interest F. & A., Issua-
—
—
Central Trust Co.. trusble at $40,000 per mile; outstanding. $3,280,000.
In 1903 interest on bonds was paid; previous interest reported to be
unpaid.
Year ending June 30 1905, gross, $494,538; net, $211,097; other
inc., $352; charges, $165,767: bal., sur., $45,6S2.
Pres., A. B. Hammond,
Astoria, Ore.— (V. 77, p. 2158.
tee.
—
ATCHISON & EASTERN BRIDGE. Owns railroad and wagon bridge at
Atchison, Kan., connecting with the union station.
Used bv the Atch.
Top. & Santa Fe, the Chic. R. I. & P., the Mo. Pac. and the Chic. Burl. &
Quln. A reorganization of the Chic. & Atch. Bridge Co. foreclosed Mch. 4
A sink1898, per plan V. 65, p. 366. Stock, $700,000; par. $100 per share.
ing fund equal to the difference between the annual interest on the outstanding bonds and $30,000 will retire bonds yearly at par and Interest (by lot
If not purchasable in the open market).
Year ending June 30 1905, gross
$106,591; net, $84,128; other inc.. $8,211: int. and sink. fund. $28,608;
dlv., $14,000; bal., sur., $49,731. Pres. and Treas., H. P. Eells, Cleveland,
O.— (V.
67, p. 578.)
(THE) ATCHISON TOPEKA & SANTA FE RY.— (See Map.)— The system operated July 1905 comprised 8,318.06 miles of railroad, and embraced
an unbroken line of track from Chicago, 111., via Kansas City, Mo., and Albuquerque, N. M., to the Pacific Ocean; also to Galveston, Tex., and the
Gulf of Mexico.
For operating and statistical purposes the system
Is
divided as follows:
Miles.
20.17
129.17
Miles.
6,839.981 Rio Grande & El Paso
1,328. 74 South Kans. Ry. of Tex
I
Atchison T. & S.
Gulf Colo. &S. F
F
1
Total of all
8,318.06
Also owns stock of the Santa Fe Pres. & Phoenix and controls the Pecos
Val. & Northeastern, 672 miles in all.
V. 75, p. 680. In 1900, acquired
control of Gulf Beaumont & Kansas City and Gulf Beaumont & Great
Northern, which are leased. V. 76, p. 751; V. 77, p. 1224; also the Arizona
& Utah, 22 miles. V. 82, p. 48. In Jan. 1906 the Denver Enid & Gulf,
119 miles, was purchased, and in Apr. 1906 the Texas & Gulf, Longvlew
to Tlmpson, Tex.. 60 miles.
V. 82, p. 99, 867. Leases Cane Belt RR..
104 miles (entire stock owned) for 50 years from July 1905.
ORGANIZATION. This company was organized on Dec. 12 1895 under
the general laws of Kansas by the purchasers at foreclosure sale of the
property and franchises of the Atchison T. & Santa Fe RR. Co., In accordance with a reorganization plan. V. 60, p. 658.
The railway company In July 1905 owned In fee 8,275 miles of the system,
and also all, or nearly all, the bonds and stocks of the various companies In
which the title to the other lines is vested. V. 68, p. 974. A list of such
holdings is in the general mortgage (In V. 62, p. 732, 733, and successive
annual reports). See V. 69. p. 1300; V. 71, p. 27.
In Mch. 1903 the Eel River & Eureka, In Northern California, together
with the California & Northern, 51 miles, was acquired In the Interest of the
company. V. 76, p. 653. The stockholders voted on Dec. 11 1902 to purchase the Santa Fe Pacific RR. &c. V. 75 p. 980.
San Francisco & San Joaquin Valley Ry. was merged In June 1901.
Cut-oil from Belen, N. M., to Texlco, shortening the main line about 200
miles, will be completed during fiscal year 1905-06.
Road Is projected from
Wlckenburg, Ariz., west to Bengal, of which 40 miles completed June 30
1905.
Proposed cut-off from Brownwood, Tex., to Texlco. 350 miles, with
branch 125 miles. V. 81, p. 1099; V. 75, p. 28. 980; V. 81, p. 987. 1099
,
—
,
,
,
1375.
In Nov. 1903 the San Francisco & Northwestern Ry., building from Alton. Humboldt County, Cal., southerly to a connection with the Atchison
near Point Richmond, on San Francisco Bay, over 200 miles, was purchased.
Phoenix & Eastern, see V. 77, p. 633. 1294, 2279. In Oct. 1905 the Southern California Ry. and the Jasper & Eastern, the latter extending from Kirbyvllle, Tex., to Louisiana timber district, of which 17 miles completed and
60 under construction, were purchased; also Oakdale Western Ry., 7 miles,
leased. V. 81, p. 1375, 1790.
STOCK. The preferred stock has preference as to assets and non-curaulatlve dividends not exceeding 5
per ann., as declared by the board of directors out of net profits.
No other mortgage and no Increase In the preferred stock can be made without the consent of a majority of all the preThe
ferred stock and of all the common stock represented at a meeting-.
total authorized amount of preferred stock Is $131,486,000. of which $10.800, 000 Is reserved to acquire other lines; also $6,486,470 In special trust
for Improvements, extensions, &c.
Pref. stock certificates In Supplement
of April 18K7, p. 3.
Common stock aut'd, 8152,000,000. V. 70, p. 268
1906.
DIVIDENDS (%)
1902 to 1905.
1899.
1900.
1901.
On common
4 yearly vf&D) June,
:i'S
On preferred
2
4
5
5 yearly (F&A)
—
—
%
2%
5%
X
68,
BONDS. The Gen. Mort. (Abstract. V. 62. p. 731-739. sei
p. B74) is to tin- Union Trusl Co. of \. Y. as trustee, and gives a lien.
either in- direct mortgage or bv collateral trust, on the entire system of
8.1 19 miles of railroad owned, together with all the equipment and terminals
owned by the company, and future acquisitions.
General mortgage As
To
(limited
to
Reserved
8165,490,500.)
—
In 1905.
guaranty fund notes paid and car trusts In 1895.
at not exceeding SI .250 for each Jl ,000 of old bondsSl 5.500 .nOO$2, 339. 383
1.500.000
504.960
b Non-assenting bonds from reorganization Of 1889.
1,500,000 1.500.000
r Chicago & St. Louis 1st mortgage 6s
For Improvements, terminals, second track, equipment, &c, at not exceeding $3,000 000 yearly, of
30,000.000 5.615,101
which not over $750,000 for extensions
20,000.000 6,731,554
For acquisition of Atlantic & Pacific and other lines.
a
retire
.
.
RAILWAY STOCKS AND BONDS.
[Vol. lxxxiw.
July,
_
nr„-
RAILWAY STOCKS AND BONDS.
190G.J
^
*
1
jP
TLA.X_T.JO
__V
OCF.A.S'
.LITTLF
MAP OF THE
ATLANTA, BIRMINGHAM
AND
ATLANTIC RAILROAD
AXD
BLYTHE ISLAND
OWNED
BY u 6
GOVERNMENT
Brunswick Steamship Company
13
c
.
RAILWAY STOCKS AND BONDS.
14
RAILROADS.
of
column headings, &c.
page of
first
see notes
Date
of
of
M
M
%
3,885
"89
Certificates of Indebtedness (new) $25,000,000
(old)
do
do
Bonds Underlying First Consolidated 4s.
North East (S C) cons M gold Flor to Charleston..
Wilmington Col & Aug 1st M (Wllm'ton to Columbia
Atlantic C L of S C gen 1st M (1st on 355 m)g. SBa.c*
—
Petersburg M class A gold
do
do class B gold (Petersburg to Weldon)
Richmond & Petersburg 1st M ($24,500 are 7s)
Consol M g (Richmond to Petersburg etc.) .Ce..c*
Wllm & Weldon gen M ($938,000 are 4s).SBa.g*c
Wilmington & NewBern 1st M gold assumed. SBa
Ce.c*
Nor & Car 1st M gold (P Pt Va to Tar
SBa.c*
Second mortgage gold
1st M gold ($2,444,000 are 5s) .Mp.c'&r
Sav Fla&
SBa.c*
Charleston & Savannah general M gold
1st M Brunswick to Albany g gu..Alp.c
Bruns &
Alabama Midland 1st M g (Bainb to Montg) Jlp.xc
AB.c*
Florida Southern 1st M $5,000,000 gold
Sanford & St Petersburg 1st mortgage gold_..PeP
Ashlev River first mortgage
Sll Sp O & G 1st M gold (Ocala to Inv & br) ..Ta.c*
Wil & Wcl ctfs of indebt for div 1887 non-cum inc
Atlantic & Danville— IstM $4,425,000 g int rentMe.c* _
Ta
Second mortgage $1,525,000 gold Int rental
Stock $1,800,000
Atlantic & North Carolina
MeBa
First mortgage $325,000
Atlantic & St Lawrence Stock 6 % rental Grand Tr'k
IB
First M $3,000,000 gold
Atlantic & Western
Augusta & Savannah Stock 5 % rental Central of Ga
NO
W
W
—
— —
—
102
239
696
68
68
22
27
479
90
110
110
547
111
169
174
244
145
4
64
275
275
~95
Par
Amount
Rate
Outstanding
%
1902
1902
1904
1902
1900
1883
1880
1898
1,000
1
,000
1,000
1,000
1,000
1881
1881
1875
500 &c
1890
1885
1897
1889
1896
1884
1886
1887
1888
1895
1894
1877
1888
1887
1900
1904
1
,000
1,000
1,000
1,000
1,000
1,000
1,000
500 &c
1,000
1
,000
1,000
100
1,000
1
,000
188~7
100
1,000
£& $100
1903
1,000
—
,
—
I
,
$68,375,837 $68,171,200 $62,350,398 $59,135,086
45,517,384 42,222,032
38,437,110 33,909,268
Total earnings
Operating expenses
$22,858,453 $25,949,168 $23,913,288 $25,225,818
$23,672,355 $27,197,942 $25,231,281 $26,366,676
29.'), 553
386,464
361,204
308,327
1,916,13;
1,758,120
1,926,696
1,743,653
9,418,800
9,134,485
9,611,510
8,438,985
5,708,690
5%. 5,708,690
5,705,690
5,708,690
4,078,220
4%. 4,078,220
4,078,220
4,078,220
98,250
116,800
25 1,183
79,140
Net earnings
Total net Income
Rent of tracks, &C
Taxes
nt '-rest on bonds
Dividends on pref.,
l)k Idi-nds on com.,
1
ellaneOUS
&c
100
—
I
657
1.600
5,547
868
800
340
300
4,000
106
1,320
400
6,500
1,500
1,407
2,800
2,418
275
33
492
1,000
The Adjustment Mortgage (Abstract V. 62, p. 739) Is to the Central Trust
Interest is payable only out of net earnings up to 4 % in each
Co. as trustee.
Present issue Is limited to $51,728,000,
year, cumulative since July 1 1900.
but when the $30,000,000 general 4s authorized for improvements as above
have been issued, $20,000,000 additional adjustment 4s may be Issued for
the same purpose at not exceeding $2,000,000 in any one year, but only by a
majority vote of the adjustment bondholders. Interest In Nov. 1897
paid 3%; since, full 4% yearly.
The Eastern Oklahoma division 4s of 1903 ($10,000,000 authorized) will
be Issued for extensions; the present issue of $6,128,000 is secured on lines
completed In 1904, viz.: Paul's Valley to Newkirk, Ind. Ter., &c, a total
V. 76, p. 434; V. 79. p. 1331.
of 306 miles.
The $30,000,000 debenture 4s of 1902 were issued to pay for new equipment, new mileage, permanent improvements, &c; $2,500,000 paid off
No new mortgage on lines owned when the debentures were issued
yearly.
can be made without securing debentures thereunder. See statement,
V. 74, p. 150, 204; also V. 75, p. 680. The debentures maturing, having
been paid from cash In the treasury, are not included in the Income account.
V. 77, p. 2338.
As to convertible bonds of 1905, see General Finances below.
San Francisco & San Joaquin bonds may be drawn at 110 after 1915.
FINANCES. Capital expenditures from organization to June 30 1905,
Bonds per
V. 73, p. 1311: V. 77, p. 632; V. 79, p. 1340-1; V. 81, p. 985.
mile July 1 1905, $32,697: interest charge, $1,301. V. 81, p. 985.
The 4s of 1905 ($50,000,000 authorized issue) are convertible at par between June 1 1906 and June 1 1918, and may be called at 110 on any interest
day, but when called may be converted into stock provided the time for conNo new mortgage on lines owned Jan. 1 1905 shall
version has not expired.
be made without securing the convertible bonds thereunder.
Stockholders in 1905 subscribed at par to $32,420,000 bonds, and in April
1906 to $17,291 ,000 of the remaining bonds, payable 25 % April 12 1906 and
balance on Oct. 12 1906, the proceeds to be used to complete lines under construction, build additional branches, feeders and second tracks, reduce
grades on main line, purchase additional equipment and other capital requirements. V.79, p. 2695; V. 80, p. 471, 649; V. 81 p. 1174; V. 82, p. 391 867.
LATEST EARNINGS. 11905-06.. Gross, $71,596,869; net, $26,942,243
11 mos..July 1 toMay.'il ..; 1904-05. .Gross,
62,495,232; net, 21,165,643
Deducting taxes and rentals, balance foifinterest In 11 months of 1905-06
was $24,797,872, against $19,134,770. Road operated 8,433 average miles
In 1905-06, against 8,304 miles In 1904-05.
It«-; PORT.
Annual meeting third Thursday In October. Report for
year 90 5 was given In V. 81 p. 970, 985; see also page 944.
1904.
1902.
Years ending .lane 30— 1905
1903.
x,180
8.305
7,965
7,855
Average miles operated.
$47,408,982 $47,762,653 $44,622,439 $41,815,607
Freight earnings
13,4:19.385
13,469.986
16 ,045. 380
15,433,774
4.974,773
Mail, express, &c
4,257,973
3,880,094
4,921,475
,
When
1
3,925
775
1,797
325
5,484
100
1,022
,000
,000
,000
,000
,000
500
,000
000 4 g
,000
6g
6
4g
5 g
6g
&7
4H
6 5
4g
Where Payable, and by
Whom
Payable.
$100 $42,980,000 6 In 1906
100
1,000,000 6 In 1906
1,596 600 5 In 1905
100
1,000 &c 44,347,850
4 g
1,000 &c 35,000,000
4 g
1,000
718,000
4g
100 &c 21,566,600
4
100 &c
1,100
4
165
~53
pal,
Value.
—
— PrinciStocks — Last
Bonds
Size, or
Road Bonds,
tables.
Stock common (text)
Atlantic Coast Line RR
Class "A" com stock tax exempt (Rich & Pet ctfs)
Preferred stock 5
Us.c'&r
$80,000,000 cold text
First consol
gold secured by L & N stock red 105_c*&r
Col tr
SBa.c*
on Jackson & So. $2,000,000 gold
1st
M
Vol. lxxxiii.
INTEREST OR DIVIDENDS.
Miles
For explanation
on
|
&
&
M &
M &
M &
J
&
M &
J
&
J
J
&
&
&
&
&
&
&
A
M
g A
g
000
5 g
000
5 S
000 5g 6 6g
000
7 g
000
4 g
000
5
M
000
4 S
J
000
4 e
500
8
000
4 g
000
7
000
4g
000
4 g
200 See text.
000
6
000
6
000
5 g
900
5
Dividend.
July 10 1906 3%
July 10 1906
May 10 1906 2K
July 1 1952
NY
J P Morgan & Co, N Y
Oct 1 1952
Safe Dep & Trust Co, Bait Dec 1 1954
Treas Office, Wllm, N C Irredeemable.
Treas Office, Wllm,
&
&
&
&
&
&
&
&
N
3%
do
do
do
do
United States Tr Co,
do
do
Irredeemable
Cuyler Morgan & Co, N Y Jan
First Nat Bk, NY; & Bait June
Safe Dep & Trust Co, Bait July
Richmond Office.
July
do
do
Oct
do
do
May
Brown Bros, N Y
First Nat Bk, NY; & Bait
Safe Dep & Trust Co, Bait
Central Trust Co, N Y
Safe Dep & Trust Co, Bait
United States Tr Co, N Y
do
do
&
&
&
&
&
When Due.
do
do
Metropolitan Tr Co,
United States Tr Co,
do
N Y
NY
do
Asst Treas, Charlest'n SC
United States Tr Co, N Y
Treas, Wilmington, N C
Mercantile Trust Co, N Y
Trust Co of America, N Y
Check from Co.'s Office
Nat Mechanics' Bk, Bait
London and Portland.
International Tr Co, Bost
Savannah, Ga.
1
1933.
1910
1948
1 1926
1926
1
1915
1
April 1 1940
July 1 1935
Aug 1 1947
April 1 1939
July 1 1946
April 1 1934
Jan 1 1936
1938
1
Nov 1 1928
Jan 1 1945
Jan 1 1924
Jan 1 1915
July 1 1918
IrredeemableJ
July 1 1948
July 1 1948
Julv20 1906 1}4
July 1 1917
March 1906 3%
Jan 1 1944
July 5 1906 2H
1
1
deb. cert.
A belt line around Atlanta, 5 y miles, Is operated at rental of
2
$16,000 yearly,
on its cost. V. 71, p. 963; V. 73, p. 1354.
DIVIDENDS begun in 1855 were for many years 8 per annum. From
July 1 1884 to July 1901 Inclusive, 6
yearly, J.&J.; Oct. 1 1899, 25
extra (V. 69, p. 590); 1902 (§); 1903, 6%; 1904, 6%; 1905,0%.
In 1904-05, gross, $913,208: net, $360,164; other income, $10,367;
charges, $286,530; dividends, $73,932: surplus, $10,069.
In 1903-04, gross,
$853,647; net, $342,401.— (V. 69, p. 590; V. 71, p. 963.)
4%
%
%
%
ATLANTA BIRMINGHAM & ATLANTIC RR.— (See Map.)— Waycross,
Ga., via Fitzgerald and Cordele to Talbotton, 184 m.; Fitzgerald via Tifton
and Moultrie to Thomasville, 80 m.; Brunswick to Nichdlls, 84 m., with
branch 4 miles; Bushnell Station via Irwinville to the Allapaha River, 33
miles; total 385 miles.
History, V. 80, p. 115.
It is proposed to build an extension from Montezuma, Ga., to Birmingham, Ala., 241 m., with branch to Atlanta, 70 m. Of this Montezuma to Talbotton, 44 miles, was in operation in April 1906; 50 miles from Talbotton to
La Grange is expected to be by Aug. 15 1906, and 100 miles additional west
from La Grange by the end of 1906. Terminals at Atlanta and steamship
connection at Brunswick have been arranged for. The Atlantic & Birmingham Ry. was merged in April 1906. See V. 82, p. 867. The Gate City
Terminal Co., with $500,000 authorized stock, will provide terminals at
Atlanta, jointly, it is understood, with the Seaboard Air Line Ry. V. 82,
p. 1210.
STOCK authorized, $20,000 common and $10,000 non-cum. preferred
per mile; par of shares, $100. Outstanding in the hands of the public Julv
1906 $9,743,800 common and $4,822,000 preferred. Additional amounts
to be deposited under collateral trust notes, see below.
BONDS.— Of the 5s of 1906 ($30,000 000 authorized Issue), $25,000 are
Issuable per mile of main line and branches, with $10,000 additional for
second track, an amount equal to the par value of prior liens being reserved
to retire the same.
Not exceeding 33 1-3% of this aggregate amount mav
be issued for equipment and not over 30°;, for terminals and shop facilities'
Three years coupons were clipped from $1,970,000 bonds issued to retire
preferred stock of old co.
In July 1906 $6,000,000 bonds were outstanding
in the hands of the public.
Additional amounts will be deposited under
collateral trust notes, which see below.
The collateral trust 5% notes ($8,000,000) sold in Mav 1906 are a joint
obligation of the railroad and the Atlantic & Birmingham Construction Co
and will provide for completion of the road and pay for steamships, equipment, coal and iron purchases, water terminals at Brunswick and shops
The notes will lie secured by deposit of $6,000,000 Atlanta Birmingham &
Atlantic first mortgage bonds as earned and $4,600,000 preferred and $10,000,000 common stock (a majority of both classes) and $1,206,000 equipment notes of the RR., entire stock ($3,000,000) of Birmingham Coal Co
owning 5,000 acres of coal lands, and the Birmingham Iron Co., owning
30,000 acres of coal and 3,600 acres of Iron ore (the latter subject to a $2
000,000 mortgage), and the entire stock and bonds ($1,000,000 each) of
Brunswick S. S. Co. V. 82, p. 1267; V. 83, p. 35. Equipment obligations
June 30 1905. $460,286.
LATEST EARNINGS.— For 10 months ending April 30:
10 months
Gross.
Net.
Charges. Bal.,sur
1905-06
$915,000
$235,866
$167.50.1
$68,363
190105
837,835
251.180
148,100
103.080
Report for year ending June 30 1905. In V. 81, p. 1311, showed on 337'
miles, gross, $1,001,512; net, $321,084; other income, $5,949; Interest and
discount, $246,44 1; balance, surplus, $80 592. President, II. M. Atkinson.
Atlanta, Ga.: Auditor, W. J. Swain.
Office, Atlanta. Ga.
Directors— H. M. Atkinson, P. S. Arkwrlght, Morris Brandon, Geo. Dole
Wadley, R. F. Maddox, Atlanta; Gordon Abbott, Boston: A. D. Russell,
Percy R. Pyne, New York; J. 11. Handley, Birmingham; f. e. Oaliaw.u
La Grange: Cecil Brown, Talladega.— (V. 82, p. 99, 867, 1039, 1210. 12G7V. 83, p. 35.)
ATLANTIC CITY RR. Camden to Atlantic City. 57 m. (double track)
branches, Wlnslow Junction to Cape Mav. N. J., 54 in.: Wllllamstown, 23m
Gloucester. 12 m.; Sea Isle City, 12 m.: Ocean City, 10 m.; total. 168 miles
V. 72, p. 1278.
STOCK, com., $2,625,000; pref., $1,000,000 (par. $50).
Heading Co. owns most of stock, and guarantees consol. Is. principal and
Interest. Form of guaranty. V. 75, p. 1398. Of the latter, $2,650,000 arc reserved to retire prior lien bonds and $786,000 for Improvements. See V. 73,
There are also outstanding $23,500 Seacoast lilt, ser. A 5s and $2,834
p. 81
ser. B 5s.
For 7 months ending Jan. 31 1906, cross, $1 ,058,203; net $273 charges duel, taxes) $1 17.067: bal.. sur.. $156,143.
210;
For vear 1904-05,
gross, $1,451,930: net, $214,177; fixed charges. Incl. $58,570 extraor. cxp.,
$265,256; bal., def., $51,080.
(V. 82, n. 750.)
-
—
•
•
,
Balance, surplus
$1,955,436
$5,572,831
$4,111,422 $5,777,618
OFFICIOUS. -Chairman of Executive Committee, Victor Morawctz; E.
P. Ripley, President; D. L. Gallup, Comp.; II. W. Gardiner, Asst. Treas.
Directors.—Charles Steele. Edward .J. Berwlnd, Geo. G. Haven, H. H.
Roger II RIeman Duval, Thomas P. Fowler, Victor Morawet/., New York;
John <;. McCullOUgh, Vermont; B. P. Cheney, Boston; Edward P. Ripley,
Byron L. Smith, Chicago; Andrew 0. Jobes, Wichita; Howel Jones, Charles
S. Gleed, Topeka; 11. 0. Prick, Pittsburgh.
Oil [OB, 5 Nassau St.. N. Y.— (V. 82, p. 48, 99, 217, 391.)
.
.
—
;
.
ATLANTA & CHARLOTTE AIR LINE RY.— (.See Map
.Southern Hallway System.: -Owns Charlotte, X. C, to Atlanta, Ga., 269 miles.
The operating contract of h« accepted by the Southern Ry. requires the
payment or interest on At. & c. debt and
on stock; ir gross earnings exi
1
.">
ceed
SI ,.".00,000.
ills
lilencls to lie 6
",',.
and
%
they exceed $2,500,000, /
been requested bs the Southern
If
m ha
iiy.
the Co to the issue oi a new first mortgage to secure
$15,000,000 ot 50-yeai bonds bearing nol exceeding 4% interest, to be
dated Jan.
1907, or which $5,500,000 to refund he outstanding bonds and
$9,5011.1100 in double track the road,
a majority of stock haa Been deposited with a committee, W. Bmlen Roosevelt, Chairman (U. S. Mtge. &
Trust Co., depositary). -V,82,p. 1155, 1322.
1881 to '89. 1890. 1891 to Moh. '01 Inch
DIVIDENDS,
.since
Percent
yearl
6 yearly (M. & S.) 7yrly.(M4S>.)
LATEST EARNINGS.
1906
Gross, $086,464; net, $142,267
to Apr. 80.
2 mot .Mi-h,
1900
Gross,
173,203
653,930; net,
EARNINGS, I'm /ear ending Feb. 28 1906
13,970,698, against
'res., c. ',. Falrchlld, N. Y.
93,773 in 190 06,
(V. 82, p. 1322.1
ATLANTA KNOXVILLE &
RY. See Louisville <fe Xash.
a modification
and the consent
ol
ni
1
t
1
>
i
1
I
NORTHERN
ATLANTA TERMINAL
CO.
Bnget Station opened
vitn approach
u ed by Southern Ry., central or Georgia
Atlanta <t West Point mi.
Stock, $75,000, owned In equal
bj the three companle
named, which paj all charges and ex1
1
Owns union
nil
portion
.
V. 70, p. 593, 139
ATLANTA
8 6 mill-
.
&
WEST POINT
Georgia RR., .lone
pa
1;
V. 77. p. 099.
RR. -Atlanta, Ga., tO West Point, Oa..
SO 1903, owned $547,200 stock and $388,900
,
—
ATLANTIC COAST LINE CO.
—
(.See Map.) —Organized Mav 29 1889
under the laws of Connecticut, and owns a majority ol capita] stock and a
large amount or the bonds In a system of railroad companies described under
the title <>r the Atlantic Coast Line
If. below.
1
STOCK. — As
1
to certificates of Indebtedness, sec editorial Oct. 1897,
Supplement, p. 3. V. 65, p. 56 1; V. 71 p. 1310.
In 1898 $5,000,000 Stock
was distributed as a loo ";, dividend (V. 67, p. 954) and In 1900 $10,000,000
1 ";, certificates of Indebtedness (including
$2,000,000 or Atlantic coast
Line nit. Co.), also a 100% dividend,
v. 71, p. 607; v. 73, p, 19.1.
in
1900 Stockholders subscribed for $2,100,000 BtOOli at par, Of which 50";,
paid \la\ lo, balance payable Sept. 10, raising amounl outstanding to
\s to securities pledged to secure equally the certificates of
$12,000,000.
Indebtedness, see V. 71, p. l.'IIO: V 80, p. 598.
CASH DIVS. - 1 '97. '98. '99. '00. '01. '02, '03. '04, 1905.
1900
.v,
.p.
Percent.
p.
8
Below Incl. J'ne, 5
H 8
"
In 1905, Meh., 2%; June, 2%; Sept., 2 „ ",',: Dec. 2 f
Balance sheet Jan. 20 1905. V.80, p. 598. Chairman or Hoard. Henry Walters: President. Warren Q
ICHIott.
(V. 81, p. 725.)
ATLANTIC COAST LINT. MM. (Nrr Map.) Operates Horn lilelmiond
and Norfolk, Va., On the north, to Fort M > its. Port Tampa and l!l\ 11 .let
Pla., on the south, and Montgomery, Ala., and Augusta, Ga. on the west,
reaching the ports or Norfolk, Va.; Wilmington, .\. c. Charleston, s. c.
Savannah and Brunswick, (la., and Jacksonville and Port Tampa, Fla.
,
,
.
I
1
.,
|
I
—
.
,
.
July.
190G.
RAILWAY STOCKS AND BONDS.
15
—
—
RAILROADS.
Mites
For explanation
on
of
of
of
column headings, <fec. see notes
page of tables.
— —
— Stock
text)
Eagle Valley — Stock $2,600,000
M originally $400,000
drawn at 100) ..FP.xr
Avon Qeneseo & Ml Morris RR
85
1894
1903
94
—
— — M
— M
—
First mortgage Interest rental
Ba
Baltimore & Harrisburg RR — M, gold
MeBa.c*
M West Ext ($16,000 p m) gold guar.. MeBa.c*
Baltimore & Ohio — Common stock $152,750,000
Preferred stock
% non-cumulat'eauth $60,000,000
32
15
_.
1st
&c
100
50
1,000
100
1,000
500
100 &c
1894
1879
1879
"27
Outstanding
$1,000
1880
"88
3
5
(s f
Amount
Value.
1,000
50
1,000
1,000
1,000
100
1881
1886
1888
100
4
Prior lien mortgage gold not subject to call.Me.c'&r
do
do
registered
gold redeemable at 105 after 1923... Us.c* &r
1st
do
registered
do
1,076
1,076
1,657
1,657
M
1898
1898
1898
1898
1899
1899
1898
1898
1901
1901
Southwestern Dlv 1st M $45,000,000 gold.F.c*&r
930
registered
do
do
930
Pitts Jet & Mid Div ($20,000,000) 1st M g..Ce.c*&r
384
registered
do
do
384
P L E &
VSysref g red 100 after 1925.. Un.c'&r 1,642
gold redeem, see text
Conv debenture $15,000,000
Bonds Underlying First Mortgage
Loan 1853 extended In 1885 gold
377 1853
Pittsburgh & Con 1st M extended In 1896 In gold
1868
Bonds Underlying Pittsburgh Junction & Middle Dlvisi on 3H
Ohio $2,500,000 con 1st M (1st loan) g. MeBa.c
Cent
144 1886
W
SA%
.
500
500
500
500
500
500
500
500
When Due.
pal,
Par
(see
Baltimore & Annapolis Short Line Stock, common..
Baltimore Chesapeake & Atlantic 1st
gold-M p.c*
Bait & Cumberland Val Ry
1st M. Interest rental..
Bait & Cumberland Val RR
Interest rental..
1st
B & C VRR Exten Stock guar ($270,000 carries 7 %)
—PrinciSlocks — Last
Bonds
Size, or
Road. Bonds.
first
[Vol. lxxxiil.
INTEREST OR DIVIDENDS.
Date
Augusta Southern First consolidated M frold_.Ce.xc
Augusta Union Station 1st M $250,000 gold
SB
1st
,
KAILWAY STOCKS AND BONDS.
1G
Bald
—
F
J
When
Where Payable, and by
Payable.
Whom.
Dividend.
&
&
&
&
&
&
&
J P Morgan & Co, N Y
Safe Dep & Trust Co, Bait
Erie RR, New York
Broad St Station, Phila
Fidelity Trust Co, Phlla
Checks mailed.
Broad St Station, Phlla
Farm & Mech Bank, Bait
1924
1953
1 1906 1%
Aug 1 1906 5
July 1 1910
July
1906 4 %
Sept
1934
July
1929
July
1929
Julv
1906
July 1 1931
Nov 1 1936
May 1 1938
Sept 1 1906 2H
Sep: 1 1906 2 %
July 1 1925
July 1 1925
July 1 1948
July 1 1948
July 1 1925
July
1925
Nov
1925
Nov
1925
Nov
1941
March 1 1911
Rate
%
$400,000
5g
225.000
4g
225,000
3H
1,673.150
10
300,000
6 cur
358.000 8 In 1906
1,250,000
5 g
48,500
6
72,800
6
390,600 5 & 7
230.000
6
690,000
5g
240,000
5 S
See text. See text.
60,000,000 4 in 1905
&
&
&
&
M &
M &
M &
M &
&
3>3 g J
3^ g Q—
A &
4 g
4 g
Q—
3H K J &
sy g Q—
2
3'A e M &
sa g Q—
4 g
M &
4g M &
A &
4 g
&c ,72,820,000
&c
&c ,71,000,000
&c
&c ^45,000,000
&c
&c 1x6.175,480
&c
1.000
1,000
31,347,000
582,000
500 &c
1.000
116,000
64,000
1.000
M
1,009,000
do
do
do
do
do
N
N
S Co.'s Office, 2
do
S
J
do
do
do
O
do
do
J
do
do
N
do
N
do
do
S
O
&
J
4 g
4H
J
J
J
J
do
do
do
do
do
Wall St. NY
do
do
do
do
do
do
do
do
do
do
do
Dec
do
do
g
116 1869
Sandusky Mans & Newark $2,300,000 1st M.Un.c*
1,000
638,000
7
.Pittsburgh Junction 1st M $1,440,000 gold..Me.c*
7 1882
1,000
a959,000
6 g
Me.c*
Second mortgage $300,000 gold
7 1894
1,000
O250.000
5g
Pittsburgh Jet Ter 1st M $500,000 gold gu p&l..Me
1887
al9 1,000
5 g
a " Total Issued " shown In first left hand colu mn, b alance being ow ned by Bal tlmore & Ohio,
x In addition $7,635 050 are pledged as part coll ateral for the Plttsb. L. E. & W. Va. Syst em 4s.
do
do
do
do
do
do
do
1
Oct
July
do
do
do
do
do
J
1
July
July
Sept
Jan
July
July
Oct
1
1
1
1
1
1
1
1935
1946
1930
1909
1922
1922
1907
.
ORGANIZATION. — Originally
the Atlantic Coast Line of Va. (change of
being authorized April 23 1900); April 18 1900 absorbed by consolidation (per plan V. 70, p. 840, 893) the following allied properties: Wilmington & Weldon RR. Atlantic Coast Line railroads of South Carolina and Virginia, Norfolk & Carolina RR.
The Florida Southern and Sanford & St.
Petersburg were merged in April 1903, the $4,241,000 Fla. So. 4s and $775,000 Sanford & St. Petersburg 4s being offered the privilege of exchange for
90 % in Atlantic Coast Line consol. 4s. V. 76, p. 918, 971. The Atlantic
Coast Line Co. (of Conn.) owns a majority of the stock. See that company
above. -V. 70, p. 893; V. 71, p. 1116, 1310; V. 80, p. 598.
Savannah Flor. & Western Ry. ("Plant System") which owned and
controlled 2,235 miles, was merged July 1 1902.
V. 74. p. 77.4, 829. The
Jacksonville & Southwestern, Milldale, near Jacksonville, Fla., to Anderson, 89 miles, was acquired In July 1904, and is being extended 80 miles,
V. 79, p. 732, 2204. In Nov. 1904 the Macon Dublin & Savannah, Macon
to Vldalia, Ga
was purchased by Atlantic Coast Line interests. V. 79,
The Conway Coast & Western, Conway, S. C, to Myrtle Beach,
p. 2084.
15 miles, was acquired in Oct. 1905 and will be extended to Aynor Tract,
15 miles.
V. 81, p. 1314.
In Oct. 1902 acquired $30,600,000 of the $60,000,000 Louisville & Nashville RR. stock for $10,000,000 cash, $35,000,000 in
collat. tr. bonds
and $5,000,000 stock. V. 75, p. 733, 792, 905; V. 79, p. 785.
Miles.
Lines owned and trackage.
Miles.
Lines owned (Con.)
Richmond, Va., to Port Tampa,
Paola Jet. near Sanford to St.
Fla
Petersburg, Fla
145
906
Norfolk, Va., to South Rocky
Palatka. Fla., to Brooksville
145
Mount
115 Milldale, Fla.. to Anderson
89
Contentnea to Wilmington.
105 Branches, &c
1 ,420
Lensed
Miles.
Wilmington, N. C, to Pee Dee
97 Central RR. of S. Carolina
Junction
Lane to Sumter, S. C
Florence, S. C, to Augusta, Ga.,166
40
40
Sumter to Columbia
43 Other lines
name
,
,
,
4%
—
|
j
—
Yadkin
(Wilmington. N.
Jet.
C.)
116
Total In earnings...
4,333
to Sanford
Closely allied lines
Waycross, Ga., to Folkston, Ga._ 34
Jesup, Ga., to Montgomery, Ala. 354 a Louisville & Nashville
6,356
169 a Charleston & West Carolina.. 340
Brunswick, Ga.. to Albany
71
Dupont Jet. to Fort Myers, Fla. .349 a Northwest'n RR. of So. Car..
a See these companies.
Also owns one-sixth Interest In the Richmond- Washington Co. and onehalf Interest in Atlanta (Ga.) Belt Line Co., 5>A miles.
Leases, jointly with
the Louisville & Nashville RR., the Georgia RR., which operates and controls 614 miles.
STOCK. At. Coast Line of Va. class (Rich. & Pet. ctfs.) tax-exempt
stock was assumed as so much of the common stock of new company.
In Nov. 1902 $5 ,000 ,000 common stock was given In part payment of controlling Interest In the Louisville & Nashville stock, $8,500,000 additional
being subscribed for as part of the same transaction at $125 per share. In
scrip dividend. V. 79,
Nov. 1904 $7,330,000 common stock issued as a 20
p. 220 1; V. To, p. 1252.
"•Stockholders voted Mch. 8 1906 to Increase the total authorized stock to
$60,000,000; offtlie ncw,stockJ(all common) .about $4,557,660jwas oirered|pro
rata to stockholders at par, to May 10, payable 50
on that date or optionally In full, and 50% on Sept. 10 1906, raising amount outstanding to
$48,537,660. V. 82, p. 392, 567.
The preferred stock ($18,850,000) was In 1902 mostly exchanged for 125
In 4
certificates of Indebtedness.
V. 75, p. 1252.
'00.
"01.
'02.
'03.
'04.
'05.
DIVIDENDS (%)
1900.
Common (incl. (Mass "A")
5
2 14
5
3 'A
a5
6
Preferr. 'I f\l. & N.)
5
5
5
5 May.l'H
5
2]/
2
a Also 20
In common stock scrip and 5
In Atlantic Coast Line Co. 4
certificates of Indebtedness.
V. 81, p. 1558.
On certificates of Indebtedness In full to July 1906, Inclusive.
irst consol. 4s of 1902 ($80,000,000 authorized, limited to
BO
$20,000 per mile) are a first lien on about 957 miles of road and a blanket
Lien
dng 2,928 miles owned, subject to the underlying bonds.
The first consols are Issued or reserved as follows:
Issued for refunding, &c., V. 75, p. 70; V. 77, p. 1872; V. 78,
$43,141,000
p. 819; V. 81 p, 263
2x,r,7 1,550
rved to take up underlying liens
8,i8i,:soo
srvedfort
irovements and eaulpment
A mortgage for $2,000,000 was authorized in Nov. 1904 to acquire the
Jacksonville da So
a, Milldale, near Jacksonville, Fla., to Anderson. 89 in lies, and to extend the road 80 miles. V. 81, p.
As to the (35,000,000 collateral trust 4s of 1002, sec "Organization"
above. They are subject to call at 105 In amounts not less than $100,000.
Car trusts, $40,000, due $10,000 quarterly, Mch. 1008 lo Dee. 1900.
I.VM..I EARNINGS.— 11905-06 Groa 822,715,537; net, 87,272,605
cross, 20,190, 184;lnet, 7,313,407
[1904-06
for the pear ending June 80 1905 was given at length In V. 81
p. 1546, 1558 (see also editorial, p. 1524).
19(12-03.
P.103-04,
1904 05,
Gross receipts
$22,222,902 820,544,975 $19.682. 4r,r,
—
—
A
%
%
%
%
%
%
%
i
,
REPORT
,
Oper. expenses and taxes
Net receipts from
othe, income
Dividend on L.
&
traffic
N. stock
Total net receipts
bonded debt, &c
on certs, of Indebtedness
Dlv. on com. stock (5%)
DIV. 00 pref. stock (5%)
'
Interest on
Int.
14,189,767
12,827,098
585 [54
$7,070.1 19
387.95 2
,580,000
705,000
$9,833,036
$8,223,071
$1,17 1.1 IN.
1,055,890
$8,033,135
593,749
1.C83.000
$7 ,717 882
$10,.-109,881
$4,783,427
856,744
2,015,750
$4,692.(115
86,.
12,012.337
1
857.538
1,832,500
86,335
1,020.0(10
94,076
$2,567,627
$2,364,647
$1,278,053
OFFICERS.— Chairman of Board, Henry Walters; President. T. M.
Emerson; 1st Vice 1'res., Alexander Hamilton; 2d Vice- Pros., C. S. Gadsden;
3d Vlce-Pres., J. R. Kenly; Gen. Man., W. N. Royall; Sec, Herbert L.
.- .'jl-w.
Borden; Trees., James ]'. Post.
„•
(V. 82, p. 392. 567.)
Balance, surplus
•
ATLANTIC & DANVILLE RY. — (See Map
Southern Ry.)
— West
Nor-
folk to Danville, Va., 203 miles, three branches, 22 miles; James River Jet.
to Claremont (3-feet gauge) 50 miles; total. 275 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, with privilege of renewals for
terms of 99 years. In addition the Southern Ry. agreos to pay the same
,
rate of dividends on common stock as paid on Its own common stock. V. 71
p. 447; V. 79, p. 625.
STOCK. Com., $2,180,800. Pref. shares were canceled prior to July 1
1904.
See V. 71, p. 181, 862; V. 73, p. 722, 956; V. 79, p. 625.
BONDS.— Of the $4,425,000 4s of 1900, $500,000 can be issued only for
Improvements upon request of Southern Ry., Interest charges to be covered
by Increased rental. Of the $1,625,000 second 4s, $775,000 were Issued
July 1 1904 and $750,000 balance will be on July 1 1909. V. 77, p. 195.
(V. 79, p. 785, 967.)
—
ATLANTIC & GULF SHORT LINE — See V. 73, p. 615; V. 76. p. 1354.
ATLANTIC & LAKE SUPERIOR RY. — See page 177.
ATLANTIC & LAKE SUPERIOR RY. — In July 1904 operated Metapedla
Quebec to Paspebiac, 100 miles (Bale des Chaleurs Ry.); owned St. Gregolre
to Nlcolet, 7 m.; St. Francis to Yamaska, 6 m.; Yamaska to Sorel, 10 m.;
Lachute to St. Andrews, 7 m.; total, 130 miles. Was under construction,
Paspebiac Jet. to Port Daniel, 21 m.; Plerrevllle to Nlcolet, 15 m.; St. Gregolre to Chaudlcre Jet., 07 m.
The reorganization plan Died Dec. 1904 was given In V. 80, p. 161. On
Apr. 17 1906 Gallndez Bros, obtained judgment for $499,579, with Interest:
another action to recover $336,054 for advances was to be tried in June or
V. 82, p. 1039.
Sept.
During year 1903-04 road was operated by trustee for bondholders. Stock
authorized, $10,000,000; par, $100; Issued, $2,602,500. Bonds outstanding
as collateral, £500,000 4s. For year ending June 30 1904, gross $57,346; net,
$11,663. Pres., Hon. J. R. Thibaudeau: Sec, Edgar N. Armstrong, Mont(V. 80, p. 161, 1970; V. 82, p. 1039.)
real.
—
—
ATLANTIC* NORTH CAROLINA
RR. Morehead City to Goldsboro.
N. C, 95 m. State of N. C. owns $1,266,500 of $1,797,200 stock. Leased
from Sept. 1 1904 to Jan. 1 1996 to Atl. & N. Carolina Co. for Interest on
bonds, taxes, &c, and dividends at 3 % yearly for 20 years. Increasing A %
yearly every ten years until 5 % Is reached; thereafter 6 %; lessee also agrees
to expend $250,000 by Sept. 2 1907 for Improvements and equip. V. 79.
in April 1906 arrangements were made to transfer the lease to the
p. 967.
Norfolk & Southern. V. 82, p. 927.
DIVIDENDS.— '93. '94. '95. '96. '97. '98. '99. 1900-04. Under lease.
see above.
Per cent.
EARNINGS. For year ending June 30 1905, gross, $317,616; net, $117.173; other Income, $4,800; Int., taxes, &c, $85,960; dividends, $44,930; bal.
(V. 82. p. 927.)
sur., $1,013.
President Frank S. Gannon.
2202222
—
—
ATLANTIC QUEBEC & WESTERN RY.— V. 81, p. 612; V. 83, p. 93 154.
ATLANTIC VALDOSTA & WESTERN RY.— See Georgia So. & Fla. RR.
AUGUSTA & SAVANNAH RR.— Mlllen to Augusta, Ga., 53 miles. In
% on stock. — (V. 6 p. 239.)
Augusta to Sandersvllle, Ga.
— Owns fromm. The Southern Ry. In Jan.
& Tcnnllle RR., 4
1895 re-leased to Cen. of Ga. for 101 yrs. at 5
AUGUSTA SOUTHERN
1
,
RR.
80 m., and Sandersvllle
V. 73, p. 343. Com. stock.
1901 acquired about four-fifths of the stock.
Year ending June 30 1905, gross,
$400,000; pref., $350,000; par. $100.
$151,584; def. under oper., $2,172; total deductions, $31,179; bal., def.
$33.351.
(V. 80, p. 2219, 2456.)
—
—
AUOUSTA UNION STATION
CO. Owns union passenger station at
Augusta, Ga., used by all roads entering the city, the latter under their operdividends on
ating contract providing for Interest on the bonds and
stock. Stock, $75,01)0 (5 "0 paid In) held equally by Southern Ry.. Atlantic
Coast Line WW. and Georgia UK. V. 78, p. 2333; V. 79, p. 500. President
(V. 79
Tlios. K. Scott; Sec. and Treas., Carlton Hlllyer; Augusta, Ga.
p. r>oo; V. 82, p. 48.)
4%
.
—
AUSTIN & NORTHWESTERN RR.— See Houston & Texas Central Ry
AVON GENESEO & MT MORRIS RR. — Mt. Morris to Avon. N. Y., 18
m. Leased 10 Erie KK. Feb. 20 1890 In perpetuity at 2 4 % on Stock for 4
1896. 3 % for
year more and a
years from Jan.
% thereafter. — (See V.
1
1
J-<i
63. p. 512; V. 62. p. 818, 589.)
BALD EAGLE VALLEY RR.— Owns
from Vall Station. Pa., to Lockbranches to Sugar Camp, &c, 43 m, Leased to Penn.
Rental. 40% of gross earnings.
Hit. Co. for 99 years from Dec. 7 1864.
cash dividends 01 10 % yearl 3 (F.&A.) are paid; on May 1 looo a 9 % stock
V. 82. p. 807.
dividend will be paid
Rental 1905, $487,494; other Inc.. S3 1,074; Int.. taxes, Ac. $41 ,464; dlv.
Penn.
Hcntal In 1904. $371,501.
(10%). $110,625; bal., sur.. $339,179.
RR, Jan. 1 1900 owned $706,250 stock. (V. 60. p. 708; V. 82, p. S07.)
haven. Pa.,
51 in.;
—
BALTIMORE
A
ANNAPOLIS SHORT LINE RR.
Owns road from
CHI
Stockholders will vote Auir. 6 on Issuing
fords to Annapolis, Mil., 22 m.
a mortgage to provide for electrification of road and consolidating with the
Oommon stock issued, $358,000;
trie Ry.
V. 88, p. 154,
Maryl
there la also $500,000 of preferred stock authorized, but none issued.
'04.
'05.
'90.
1000.
00. '01. '02. '03.
08.
DIVIDENDS.
1
8
8
6
7 J*
7
7
Percent.
5
6
6
J
Year 1004-05. gross, $165,400; net, $00,341; taxes, $6,381; dlv., 8%,
$28,640; surplus, $25. 320. -(V. 76, p. 809; V*. 83, p. 154.)
Owns Claiborne to
& ATLANTIC
Ocean Cltv. Mil., 87 in.; branch, 1 m.; total. 88 m.; from Claiborne to Baltimore, 44 111. transfer Is made by water; steamer lines owned, 1 ,131 in.; total
—
H
BALTIMORE CHESAPEAKE
RY.—
,
mileage owned and operated, 1,210 m. Controlled by Penn. RR. and allied
Pref. Stock. $1,500,000 6 %cum.;
V. 69, p 541 590; V. 50. p. 371.
common. $1,000,000. Dlv. on pref., 2%, Mch. 1 1905; Mch. 15 1906, 3%.
lines.
,
.
July,
1906.]
RAILWAY STOCKS AND BONDS.
17
—
—
.
,
RAILWAY STOCKS AND BONDS.
18
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
column headings, &c,
of
on
page of
first
& Ohio (Concluded)
Baltimore
Date
of
of
see notes
Par
M
M
M
g._c*
215
mortgage g $300,000. _G
scaled; red at par__MeBa.c*
3
first
1st
W Va & PLeastM gold 5s
Lines,
1
M
M
1st cons M $10,000,000
& Western
Ellwood Short Line
176
Mon
& New York RR
5H
1st
M
River Coal
M
E S
Schuylkill River
12
1
11
"15
—
1
1,000
100 &c
1,000
1,000
1,000
1887
1890
1890
1889
1895
1903
1883
1905
1893
CUMBERLAND
1,000
100
211
211
77
33
15H
412
1893
1895
1899
1899
1897
1901
'92-'95
—
—
AND
BALTIMORE & CUMBERLAND VALLEY EXTENSION RR.— Waynes-
—
—
.
.
,
—
—
(See Map.)
ROAD. Operates from Baltimore to Philadelphia and Baltimore to Chicago, Cincinnati and St. Louis,
the total mileage leased, owned and operated being, in July 1905, 4,026
miles.
The "Royal Blue Line" (see Central RR. of N. J.) gives the road
access to New York.
The system embraces, subject to mortgages, the following lines:
(1.076m.) Miles] Pittsburgh & Western
o21
Pr. lien 3 14 %M.
...
77
Bait, to Wheeling, Belpre. 0..&C.721 Plttsb. Cleveland & Toledo
355|Pittsb. Painesv. & Fairport
53
Cumb. to Plttsb. & W.. &c
Eastern Ohio
17
1st M. 4 %.— (581 miles)
Trumbull & Mahoning
137
11
Bait, to Phila. and branches
378 Monongahela River RR
30
Chicago, 111., to Akron. O
Branches to Fairmont, W.Va.,&c 66 Clev. Terminal & Valley
92
Cleve. Lorain & Wheeling Ry
South W. Dlv. 3 \4 % M.
Wheeling to Cleveland, &c
Belpre, O., via Clncin. to St.L..&c930
al95
.— (384 miles)
Ohio River RR. Lines—
Pit's. Jet. 314%
Kenwood to Wheeling, &c
Bellalre to Midland City, O
a265
\
Shawnee to Sandusky, O
West Virginia Short Line RR... 58
J 377
7 Ohio & Little Kanawha RR
74
Pittsburgh Junction RR
P.L.E.&W.V.Sys.A %M.(zl ,642 m)
176|Total of all (adding Baltimore
West Virginia & Pittsburgh
Belt and other lines)
4,481
x Includes 384 m., also covered by Pitts. Jet. 1st M. a See this company.
II [STORY.
Receivers were appointed in Feb. 1896, but on July 1 1899
the road proper was returned to the company, the reorganization plan (in V.
66, [). 1235) having been consummated without foreclosure and the road
Tin; 11. & O. Southwest, was reorvastly Improved In physical condition.
ganized, per plan In V. 67, p. 0.SK, the consol. mortgage of 1893 having been
In 1900 new securities were Issued under the plan of reorganizaforeclosed.
tion of the Cent. Ohio and other leased lines. V. 67. p. 688, L09, 1206, 1356,
in May 1906 the company's holdings ol Consolidation Coal stock were sold.
V. 82, p. 1039.
READING CO., &c. In 1901 $68,565,000 (virtual control) of the $140,000,001) Heading Co. stock, consisting of $1 2. 30,000 first pref., $28,530,000
second pref. and 327,905,000 coin., was acquired, the Lake Shore & Michigan Southern Ry. Co. Vanderbllt system) taking about one-half. In 1904
the 15. & (). and L. S. & M. S. each sold $3,950,000 of the common. V. 76. p.
101; V. 80, p. 1856. In 1003 a one-sixth Interest In $0,924,200 of the $11 ,000,000 Mocking Valley Ity. com. stock was acquired. V. 77, p. 1225; V. 79,
BALTIMORE & OHIO RR.
—
1
—
M
|
—
1
—
1
(
37.
1
com. stock; also -through the Northern Cenowning one half) —$2,000,000 prof, and SI,.
562.000 com stock, and through the Pennsylvania Co. $5,000,000 pref. and
$1 ,044.600 com. stock. V. 70, p. 76; V. 74. p. 528; V. 78, p. 1276.
STOCK. -Authorized Issues: Common, $ 52.750, 000. see "General PIand Phila.
$.'10.29.''.
&
II.
,300
\V. (each
1
1
nances" lulow; pref. 4 % non-cumulatlve, $60,000,000; outstanding, see table above and
General Finances." Pref. stock divs. are limited to 4";,.
(See v. 7i p. 100, and editorial, p. 1148; V. 72. p. 186.)
1
1
.
DIVIDENDS.—
'00,
2
%
%
Common
01.
4
4
'02.
'03.
4
4
4
'04.
1905.
4
Below.
i
4
l" 1906, Men.,
1906,
Helow
4
4
Preferred
1905, on common, Mch., 2";,; Sept., 2M%:
2^%;
Sept.. :;'„.
V. 82. p.
136.
BONDS. (1) Prior Lien iH%, a Orst lien on main line and branches,
h division, about
.076 miles of first rack
Parkersburg branch and I'll
and ..'125 miles () f second hini and fouti h racks and sidings, and also all
the equipment now owned of the value Of upwards of $20,000,000. or henTotal authorized, 375,000,000, of which 35,000,000 to be
after acquired.
1902 (al 001 exceeding SI ,000 000 8 7081) for the
Issued only after Jan.
enlargement betterment or (-'.tension or the properties covered, See application to list. V. 69. p. 30; V. 78, p 1906.
.lulu
Gold Bonds,
(2) First Mortgage 4
1948, but subject to call,
1928, at 105; S hi
In whole or In part after July
lien on the Philadelphia,
Chicago and Akron divisions and branches and the Fairmont Morgantown &
Pittsburgh RR. , covering about -'>xi miles of fit t track and about 573 miles
of second, third and fourth tracks, and sidings; also on the H. & o. Terminal
The, are also a Hen, subject to prior
property and the Baltimore Belt mt
See application to II t. V 69, P. 30;
lien mortgage, upon main line. Ac.
V. 79. p. 211.
in
i
I
—
t
t
I
I
t
i
Stocks
—
Last
Dividend.
J
J
g
M
4 g
5 g
5
5
5
6
6
F
M
S
g
g
g
g
J
A
F
J
6g
6 g
4g
J
4 g
J
F
A
F
A
5 g
4g
5
5
M
g
g
J
4 g
6 g
J
4^
g J
A
& O Co.'s Office. 2 Wall St. NY Oct 1 1933
do
& D
do
June 1 1936
& J
do
do
Jan 1 1930
X
do
fc
do
Noy 1 1995
do
& A
do
Feb 1 1919
& S
do
do
March 1 1950
do
do
& I)
June 1 1936
do
& o
do
April 1 1937
do
do
& A
Aug 1 1920
do
do
July 1 1922
& J
do
& A
do
Aug 1 1908
do
do
& ()
Oct 1 1922
& D First Nat Bk, Allegheny June 1 1917
& J J P Morgan & Co, N Y July 1 1917
& A New York City.
Jan 1 1920
& o Co.'s Office, 2 Wall St, NY April 1 1990
do
& X
do
May 1 1939
& 1) Amer Bonding & Tr.Balt Dec 1 1945
& D
June 1 1925
& O Foot Whitehall St, NY Jan 1 1913
June 1 1943
& D New York City.
July
& J
& J Guar Trust Co, New York Jan
do
do
&
July
A & O
do
do
Jan
A & () New York Guar Trust Co Jan
A fc O
do
do
Oct
J
& J Brown Bros, NY; & Bost. July
J
J
J
.1
Varlr
Sep
5 19(
1943
1945
1943
1943
1947
1951
1
1
1
1
1
1
U -July
15
Total authorized (incl. $49,975,000 issued at reorganization) ..$165,000,000
Of which reserved to retire prior Hen bonds in 1925
75,000,000
Issued and issuable for 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, originally
27,000,000
(3) Southwestern Division 1st Mortgage 3 }4 per cents. Virtually
a lirst lien upon the properties constituting the B. & O.
Southwestern RR. system, or the securities representing the
same, covering about 930 miles of first track track and about
401 miles of second track and sidings. Total issue
$45,000,000
Of which issuable only at the rate of not exceeding $1 ,000,000
per year for the enlargement, betterment or extension of
properties covered, originally
5,000,000
,
:
B. &. O. Pitts. Jet. &. Mid. Dlv. 3 Vt per cents. Expected to
be ultimately a first lien upon the railroads of the Cent. Ohio
system and Pitts. Jet. 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 covered
by the mortgage
5.000,000
Of which in partial exchange for old bonds
10,569,000
Sold to a syndicate for cash requirements
4,000,000
Of this issue $6,175,480' is in hands of the public and $7,635,050 pledged
as part collateral for Pitts. Lake Erie & West Va. System 4s.
Note. -The underlying bonds still outstanding in July 1905 are In table
at top of page.
The underlying stocks still in the hands of the public aggregated $5,027 par value.
(4)
—
(5) Pittsburgh Lake Erie & West Virginia System mortgage refunding 4 %
gold bonds (authorized amount $75,000,000) are a lien on 1,642 miles,
consisting of the Ohio River, Cleve. Lorain & Wheeling, Pittsburgh & Western, &c.. forming a direct connection with Pittsburgh, Cleveland, Fairport,
Lorain and Sandusky, subject to underlying bonds outstanding thereon
(see table above)
In Sept. 1905 $29,060,950 additional underlying bonds,
including $7,635,050 Pittsburgh Junction & Middle Division 3'_.s. were
held in trust as part security.
Of the total issue of bonds, $32,785,000 are
reserved to retire underlying bonds and the remaining $10,868,000 are issuable for additions and improvements. See full statement, V. 74, p. 266; V.
79, p. 2793; V. 80, p. 1423.
.
%
debentures of 1901 are convertible at the option of the holder
(6) The 4
into common stock at par on 30 days' notice (see V. 73, p. 1159); they may
be called for payment at par and interest on any Interest day, beginning;
Mch. 1 1902, In the Inverse order of their numbers. V. 72, p. 282; V. 73, p.
337, 1158; V. 75, p. 549.
LEASED LINES. — Schuylkill
River East Side 5 % bonds were purchased
1903 at 110, per V. 68, p. 40, and $5,000,000 new 4s Issued, guaranand
by endorsement. V. 77, p. 1745; guaranty, V. 81 p 727.
The West Virginia* Pittsburgh (see agreement In V. 67. p. 1310) has been
operated since Sept. 1 1899 under a 99 years' lease, for 4 % on the mortgage,
to be appropriated to payment of bond interest, the B, <V 0. 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. acquired at 125 $1,956,000 of the $2,400,000 Pittsburgh
Cleve. & Toledo bonds.
V. 70. p. 632: V 76, p. 47.
In July 1905 the Staten Island Rapid Transit RR. was authorized to
Issue $5,000,000 new bonds, of which $1 .500.000 for new construction, Ac.
and 38,500,000 to refund old bonds, Including $2,500,000 old bonds called
for payment May 28 1904.
V. 81, p. 30.
Dec.
1
teed, p.
1
,
,
,
.
—
FINANCES. In Sept. 1901 the authorized Issue of common stock was Increased from 345,000,1
to $60,000,000, to provide for conversion of $15,000.
debenture is issued in March 1901 for improvements, &c. (V. 72, p.
282 337). In. Inly 1905 314,408,000 debentures had been converted. Stockholders In 1901 subscribed to $22,537,200 additional common stock at par.
159; V. 74, p. 150. 266). and In 1902 to a further $42,316,860, at
(V. 73, p.
same price, with 320,533,000 applicable to equipment, 39,329,000 to doubletracking between \ c\\ cast le and AUron and miscellaneous construction.
anil the remaining 312,454,000 to acquire stock, bonds, &c.. to be placed
V. 75. p. 540, 980.
Under PI Us. Lake B. & W. Va. System mtge.
Stockholders were In April Hoc, olfered $27,750,000 new com. stock at
par, payable 20 ";, May 25. 40 ";. July 16 and 40 ";. Sept. it. the proceeds to
be used for construction, improvements and equipment and the redemption
of $8.9 5.0110 collateral trust notes due May 1 1906, raising the amount outThe new slock will be entitled to all dividends
tandlng to 3152,830,000.
declared after Sept,
1906,
V. 82, p. 867, 927.
and in 1908 to t%.
in ion:, dividend on common was raised to 5%
As tO Heading Co. dividend Increased In 1905; see that company.
in May 1906 the delivery was completed ol locomotives and freight oars
ordered early In 1905 at an aggregate cost ol about $1-1. 000,
I.
V. 80,
1.
155.
996, 1727. 191 I; v. 8
p. IB 19; V. 82, p.
1
I
I
1
1
1
.
t
,
1
.
Dm
%
.
Whom.
1
RR. INTEREST.— The Pennsylvania RR. Co. pur1906 owned directly $21,Interest In 1900-01 and on Jan.
PENNSYLVANIA
tral
Where Payable, and by
A
e
5g
4M
1,550,000 4 In 1906
3,360,000
5g
117,000
5 g
1,500,000
5 g
500,000
5 g
225,000
5 g
5,654,000
4 g
728,000
4^
1,000
1,000
1,000
1,000
1,000
1,000
boro to Shippensburg. Pa., 26.52 in. Leased to Western Maryland RR. for
50 years from July 1 1881, with privilege of renewal for interest on bonds
and dividend on stock, amounting In all to $38,730. See table above and
(V. 75, p. 665.)
V. 75, p. 665.
BALTIMORE & HARRISBURG RR. Emory Grove, Md., to Orrtanna,
Pa., 5'.) m. with branches 7 m., total, 66 m. Leases Bait. & Harrisburg Ry.
Western extension, Orrtanna to Hlghfield, 15 m., guaranteeing interest on
Leased to Western Maryland RR. fcr 50 years from Oct. 25
Its bonds.
1886; rental, interest on bonds and 5 % on preferred stock (all paid M. & N.)
Stock, common. $690,000; pref $29,100.— (V. 44. p. 812.)
chased a large
480,000 pref. and
5
1350,000
803,000
5,000,000
11,000,000
See text.
511,000
1,000
1,000
1,000
1,000
,
p.
$5,000,000
890,000
950,000
3,302,000
700,000
228,000
2,000,000
2,941,000
376,000
303,000
50.000
441,000
82,100
765,000
300.000
4,000,000
,000
The stockholders voted on Jan. 26 1905 to acquire a majority of the stock
of the Maryland Delaware & Virginia Ry. extending from Queenstown,
Md., to Lewes, Del., with branches, a total of 77 m.,and guarantee $2,000.000 of its first mort. bonds. See that Co., V. 80, p. 116. 1058.
Report for year ending Dec. 31 1905 in
Fiscal vear now ends Dec. 31.
V.82, p. 1319, showed, gross, $866,864; net, $172,276; other inc., $15,640;
Int. and taxes, $65,652: extraordinary exp., $3,192; div. on pret. stock
(V. 82. p. 1319.)
12%), $30,000; net income, $89,072.
BALTIMORE &
RY.)
The Railroad ex(RR.
tends from State Line, Md.. to Waynesboro, Pa., 4.55 m.; stock, $76,700. in
$50 shares. The Railway extends from Edgemont, Md., to State Line, Pa.,
3 m.; stock, $42,500, In $100 shares. Both are leased to Western Maryland
RR. for 50 years from July 1 1879, with privilege of renewal or purchase;
rental, interest on bonds.
V. S3,
%
1,316 517
—
p. 2746:
Vhe n
Payable.
Rate
Etc., Securities
1
MeBa.c&r
M gold guar
$1,500,000 gold s 1 redeem at par
RR 1st gold guar p & end
Staten Isl Rapid Tran 1st M $1 .000,000 g $ or £. Use*
New mortgage $5,000,000
Me.c*
'l-l Staten Island Ry 1st M $1,000,000 gold
Baltimore & Ohio Equipment Obligations
.
Real estate and car trusts June 1905
Baltimore & Potomac See Phila Bait & Washington
Bangor & Aroostook Stock, see text
Q .c*
First mortgage ($16 ,000 per mile) gold
Usm
Second mortgage gold
First mortgage Piscataquis Dlv $1,500,000 g __G.c*
V Bur Extension 1st mortgage $500,000 gold..G.c*
G.c*
Aroostook Northern 1st M $225,000 gold
Consol refunding mortgage $20,000,000 gold.OB.c*
..
Aroostook County bonds (assumed)
x Largely owned by or for Baltimore & Ohio
Bait
$1,000
1,000
1.000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
M
M
M
Pittsburgh
Amount
Outstanding
—
M
RR
pal.
Value.
Virgin la As
Bono's Underlying Pittsburgh Lake Erie &, West
192 1893
Clev Lor & Wheel cons
(now 1st) gold _. Usm.c*
N.c
192 1896
General mortgage $1,000,000 gold red 105
102 1900
Con ref
$10,000,000 gold red at 102 H --Col.c*
gold guar._Me.c*&r
88 1895
Cleveland Term & Valley 1st
30 1889
gold guar & & O . .Ce.c*
Monongahela Rlv
1st
721 1900
Ohio & Little Kan Ry 1st
$250,000 red 105 gold
172 1886
Ohio River first mortgage ($2,000,000) gold..FP.c*
209! 1887
General mortgage ($3,000,000) gold 1st on 39 mc*
33! 1890
Rav Sp & Gl 1st
$400,000 g guar p & lFP.c*
Big S 1st
($400,000) gold guarc*
11 1892
Huntington &
13 1888
Ripley & Mill Creek 1st
gu p & 1 endorsedc* &r
g
77 1882
Pittsburgh Clev & Tol 1st
g
extended In gold
30 1878
Pittsburgh Newcastle & L E 1st
M
Bonds- —PrinclWhen Due.
Size, or
Road. Bonds.
tables.
[Vol. lxxxiii
1
l
I
.
EARNINGS.— From
July
1
to
1905-06
1904-06
June 30
.
(12 months):
Gross, 377,592,056; net. $27,876,836
22.II79.395
Cross,
87,689,998; net
Earnings of July 1905, based on 4.026 miles, being cut inmiles) except
\ alley RR. of Virginia, Ravenswood Spencer & Glenvllle,
Kanawha. Cleveland Terminal
ANNUAL REPORT,
it
Report
Valley. Cleveland Lorain
for
>.v
system (4.482
Ohio &
Little
Wheeling.
year ending June 30 1905 was In V.
Average rate per ton per
8i. j). 1546, 1654. (Sec also editorial, p. 1520.)
mile, 5.66 mills in 190-1 05, against 5.82 mills in 1903-04; average revenue
Preliminary statement for
train-load, 899 ions, against k>i In 1903-04,
188
IBP i>6 (panh estimated) was In V. 82, p.
.
1
1
^
,
RAILWAY STOCKS AND BONDS.
July, 1906. J
19
St5v~v?' '"'"' ouuta
f
\V-^
%**
Long
\Lake
Edmundstoiiikb-<^ t BasU
/U
-
f
Late
j
vfireen Biver
SCFrancfe
ms\Limg
/
$?
—
\_
Wintervil
j
%\
^-)
0$
^Mfchel
,
/
\
^7
fenrv Jc.
riDinml
y^k
«^
>
iroostook Jc.
Vndover
o:
l-Perth
ft)/
51
F^/ftFiEX
[
A £ H LA N RWporf FairfilldWr
Kilbume
Easlol
lol/Presque~lsle-j
>
St.Anselme
*%
*
St.Mary
Churchilli
Beauce
Lain:
Jc.
k-
^
Kent
BlaineV
*
Floreuceville
BridgewaterJ
/
gt.proi:
La Rocheiu
s"
iTring
t.
JSTasa
I
Bath
MarsiHilPAU]
-A
fitfi
/O
Frederic^ J^St. Joseph
MonficelloWUJi
CO
Francis
BrouJliton^
"Lit'.
*
LittletonflcU
W]eeksborou
f
,
05
J
o
mo
St.Ephren
'
**"
Dy£r Brook^pf
^%
Island
\CIii>.$uncook
Lake
^GreenvillS
Fallsjr^j/^ attonJtea J
J->-^y^ffi>5' 'f«-s;
w
r*
!
Patten
St.EvaristeR
j
Harlland
varg Jc *
«'-*
-#^r^Iavelock
cP
St.VictorJo
Lanibton
)jc.
JL Westfield^-
Scotts
St.
!
<0
;
:.Charles-Ic.
firand Falls
i
jf^ware
l/
/'
ds
VANS'
Wallagrass
Eagle LakeUj
"^^St.Thomas
\
St. Pierre.
tva*
%£ake
„,
ffl
,.-
t
j
Benton
I
Crys^
Canterbury^
Patten Jc.
I
Stadyville/
~\
Moosehead Fama
%^lc00lt
rindstoue^r.Cn
MSchoodic]
l
PI
To
Mo ntreal
/\
|M^}L
^legajrtic
^
North Twii?
Moosehead
<P
Holeb
J/esra»«fcM
"^
6
Jae"
S"
\f
?3
Lowell T.
/
Bancroft
Wytopitlock^
Sehie
KATAHDIN^
03
IRONWORKS %,. #<Lk 0oeis L
\
GREENVILLE^
e
Winn
1
KM
Meaciows
-n^
H,Pacm£c.J
A.Pacmtidtenee "A*
J^JTreadwell
So.EndV
»,,
M
O.
claXous
Mingfield ]] So ion.
*«JUicIe»S^S^^>.
Hartland
\
igan
Hudsonf^PeaC^
\
^/OLdTOWNlr)
Wea6
°
fe
^tilh%termwebsfer J
Pitt!
^
Korr
-a
^
^
q
'"HfXGreen Lake
^Farm'
Wiltorf7 s/""^
Rumford^Talls
1
Q
^
M^diso
_*r
&\
SDrono
nson
v\
v
^V>
\
<s_ B in gn
Machias
;~
j
f^A
,/..
1^
.DeserfFerrV
w
Hartfordrf'
',
)
-
°AiKr.eeds<
i
atre
ersid«
UTaFTsPir
/l^alcrmd":
i^
,
WQpSTA
r/
t
!
t
'AND>
4
\N^
\.
VJ,r-
^Gaf-di
j\">fiLeeds Jc.
:
'jDEBEF
'R°^
Heni
K/'CKJi^l
iV
»'aldpborg
V
^
SloMe
-Wi
Vst^ort
1#
o
Pil.'
Weatbroo
Buxton GeiVtre^^
8ac0
fboro Jc.
S\l
PORTLAND
Hill^
^Xoa-k^,«^Scai>oro] Beach
Cjii/\
MAP OF THE
?0id Orchard
<;// B iWtteri
ringvabW A |fred
S^
ff
Kennt'lmrfk/*
f
Wel "^r>^/Ki'iiiVebunkport
.cherter/^.,^
>
JK^%Z'
c-ach
<l
V
BANGOR
&
AROOSTOOK
RAILROAD AND CONNECTIONS.
^fitcry/Jc.
^ftbrtsmouth
V
——
1
—
r
J
r
RAILWAY STOCKS AND BONDS.
•20
Miles
on
column headlnas.
of
page of
first
<fcc.
Date
of
of
see notes
Road. Bonds.
tables.
—
Bangor & Aroostook (Concluded)
Usm.c'&r
Nor Maine Seaport 1st M guar p &
Car trusts $60,000 due A & O yearly
Q
trusts <rold guar, $45,000 dueseml-an
PeP.c"
Car
Bangor & Portland First mortgage gold
Beaver & Ell wood— First mortgage gold
Beech Creek Stock (guaranteed 4 % by endorsement)
(endorsed) ..K.c&r
First mortgage gold guar p &
Second M for $1,000,000 gold guar p & (end) Un.e&r
ClearQeld Bltum Coal 1st M lnt guar by Bh Cr gold.c'
Beech Creek Exten 1st U $4,500,000 g guar p&i.G.C*
Beech Creek consol M $20,000,000 gold...G.c'&r;
Bellingham Bay & Brit Col 1st M $1,000,000 gold s f
Belt Line Ry of Alontgomery
1st M lawful money. .c
I
—
—
1
1
—
——
RR &
Belt
Stock Yard of Indianapolis
6%
1
1905
1901
1890
25
1881
1895
8~i
188*5
81
1887
1893
1903
"51
M
I
—
1905
96-'00
1806
80 -'86
3 1899
163
163 1886
163 1892
1891
59 1901
— Stock
Preferred stock, cumulative
First mortgage for $1,000,000 currency
Belt Ry of Chattanooga
First
gold
MeBa.c*
Belvidere Delaware— Stock ($4,000,000)
Consolidated] guaranteed by United Co.'s sinking fd..r
mortgage [guaranteed by United Co.'s sinking fd-.r
of 1875
issue $600,000 reduced by sinking fund.
$4,000,000 J guaranteed by United Co.'s sinking fd.c*
Berkshire Stock
rental
Bessemer & Lake Erie Erie equipment trust
Locomotive equipment trust
—
_
81
81
—
Standard Equipment Trust
Birmingham Belt See St Louis & San Francisco
Birm Col & St And— First M $4,500,000 gold.Ce.c'&r
Bloomsburg & Sullivan RR First M $400,000. ..FP
Second mortgage Income non-cum $200,000
FP
—
—
— First M — M gold ,000,000..c*
110.
$675,000 gold
c*
$1
Boston & Albany — Stock ($30,000,000 authorized)..
Bonds (not mortgage) guaranteed principal & lnt.c
&
Boca
Loyalton
call
& South Ry
Boonville St L
1st
30
30
56
44
392
Year ending June 30
—
1905
1898
1898
1903
1881
1902
1893
1901
Bonds (not mortgage) $5,000,000
Bonds $2,500,000 currency
Par
Amount
Value.
Outstanding
$1,000
1,000
1
.
Passengers
Mail, express, &c
50
1,000
1,000
100 &C
,000
,000
&C
&c
1,000
1,000
50
50
1,000
1,000
50
1,000
1,000
1,000
1,000
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
1,000
1,000
1903-04.
1902-03.
3,987
3,935
$50,607,0S7 $48,617,104 $47,756,251
13,817,141
13 r146,449
12,520,988
!-$77, 219,942
3,307,528
3,172.395
3,265,769
J
Total gn>;s ea-nings_.$77, 219,942 $67,689,997 $65,071,081 $63,449,633
Operating expenses
49,618,906 44,710,603 43.628,864 39,569,964
$27,001,035 $22,979,394 $21,442,217 $23,879,669
2,535,409
2,276,160
1,222,991
i/3,465,117
Net earnings
Other income (net)
,000
100 &C
1904-05.
1905-06.
Total net income
$31,066,152 $25,514,803 $23,718,377 $25,102,660
Interest and rentals...
($<), 978, 143
$9,627,851
$8,934,919
Taxes ...
1,305,510
1,239.726
>$13,065,077
1.376,885
Disc'nt, commiss'ns,&cJ
485,778
427,656
1,109.853
Dlvs on pref. stock
(4)2,400,000 (4)2,400,000 (4)2,400,000 (4)2,400,000
Dlvs. Oil com. stk.. (5 '/>)6, 875,000(4 14)5. 592,042 (4)4,970,482 (4)4,970,482
I
<fe
improvls.
2,000,000
2.500,000
(?)
3,500,000
$8,726,075 £$3, 181,954 £$2,980,878 £$2,947,680
Balance, surplus..
x Surplus differs from that shown In pamphlet report, owing to method of
charging common stock dividend, the above being used for simplieity.
u Not a net item in 1905-06; this item will be decreased and charges correspondingly increased in final figures.
Executive Committee Oscar G. Murray, Chairman; G. F. Randolph,
John B. Thayer, John P. Green, James McCrea and Samuel Rea; Pres., Oscar G. Murray; 1st Vlce-Pres., Geo. F. Randolph; Sec, C. W. Woolford;
Treas. J. V. McNeal. The Pennsylvania RR. is represented on the board by
Chas. E. Pugh, John P. Green, Samuel Rea and James McCrea. Other di-
—
,
rectors:
Geo. F. Randolph, James Speyer, Edward H. Harrlman, Norman B.
Charles Steele, James Stillman, Edward R. Bacon. Representing
State of Maryland, L. Victor Baughman, A. P. Gorman.
N. Y. Office, 2 Wall St.
(V. 82, p. 1101, 1155, 143S. 1436; V. 83, p. 93.)
BALTIMORE & POTOMAC RR.—See Phlla. Bait. & Wash. RR.
BANGOR & AROOSTOOK RR. (See Map.) Oldtown, Me., northerly
to Van Buren, with branches; total, 468 miles, viz.:
Lines owned
Miles.
Lirus leased
Miles.
Oldtown to Van Buren
221.7 Northern Maine Seaport, La
Ashland Jet. to Fort Kent
54.1
94.9
Grange to Searsport
Ream,
—
—
—
—
\
1
Milo Jet. to Greenville
48.81
Branches
47. 9|
Total..
467.4
Feb. 13 1891. State of Maine refunds
95 % of all taxes levied. For organization see V. 66, p. 855. Leases Northern
Maine Seaport RR., with $360,000 authorized stock, which in Nov. 1905
opened extension from La Grange, Me., to Stockton Springs, on Penobscot
Bay, 56 miles. V. 81 p. 1549.
STOCK.— $1,550,000; 10,400 shares full paid and 100 shares 5 % paid.
Dividends, l'A % semi-annually, Jan. 1904 to Jan. 1905, both Inclusive;
July, 2%; 1906. 4% (JccJl.
BONDS. As to gold 5s on Plscat. Division, see V. 67, p. 1159; V. 68, p.
84,329. Van Buren Extension 5s of 1899, V. 69, p. 952. Of the consol. refunding gold 4s, $12,500,000 were reserved to pay off the outstanding
bonds, Including those of controlled roads, car trusts and preferred stock,
and to acquire such controlled roads; $3,000,000 for Improvements over a
series of years and $4,500,000 for extensions at $25,000 per mile, Including
equipment. V. 73, p. 286. 896; V. 74, p. 93. The Northern Maine Seaport
Is, of which $3,108,000 sold ($5,000,000 authorized), are guaranteed.
V. 81. p. 2c,o v. 82, p. 392; form of guaranty, V. 81 p. 727.
LATEST BARN'S.—-Al mos. ,11805-06, Gross, $2,280,260; net, $865,813
1 to May 3 I.
j 190-1 or,, Cross,
1,867,152; net, 712,675
SU]
$262,301, against $200,50:' In 1804-05,
ANNUAL REPORT. Report for year ending June 30 1905 was In V. 81,
p. 1311, showing gross, $2,159,072; net, $782, .159; charges, $558,835; other
Income, $7,47.".; betterments, $105,000; dividends (3!^%), $54,250; bal.,
In 1803-04. gross. $2,015,356; net, $756,414.
sur.. $71,7 10.
(V. 81. p.
ORGANIZATION.— Organized
,
—
,
:
—
,
—
1311. L548; V. 82,
BANOOR
to Bath, Pa.
&
p.
West.)— Portland
21) miles;
Jet. to Martin's Creek, 5 m.; other branches
m. Stock, $510,000, all acquired In 1900 by Del. Lack. &
Dividend (6%) Jan. 1901; 1902, 5%: In 1903, 4; In 1901.7; 1005.
805, ero
1,685; net, $108,665,
charges. $20,501;; aiv. (15%), $76,500; bal., sur., $5,658
BATH & MAMMONDSPORT RR.— Bath, N Y.. to llamtnondsport, N.
Y., 10 miles
Control acquired by Eric RR. in 1808.
In 1804 foreclosure
under $100,000 llrst mtge. was pending; second mtge., $200,000. Stock,
$100,000. Year ending June 80 1905, gross, $35,404; net. $7,344; Int. and
taxes, $16,25 1; bal., del., $8,810.— (V. 79, p. 1954.)
BEAVER & ELWOOf) RR.— Kllwood .let. to Ilazcn Coal Mine. Pa., 3 m.
Leased to Pitts. & I.. Brie ItU. for 20 years from May 1 1899, rental being
45 % of gross earnings; rental In 1806, $9,656. Stock, $150,000; par of
Shares, $100. Bonds, see table above.
BEECH creek rr. (.See apt .v. Y. Central & 1/U(t. ;m )— ROAD.
Jersey Shore, Pa., to MahafTey 112 m.; branches, to 1'hlllpsburg, to mines,
&c, 48 miles: total, 160 miles.
LEASE,
From Oct. 1 1890 leased t„ \, c N. Y. Cent. <fc Hud. Rlv.
RR. for 999 years at Interest on bonds and 4 ";, on .stock, and since May 1
1899 operated directly as a part of Its Pennsylv anla division. V. 6N, p. 872.
Carries mostly coal and coke. Sec guaranty V. 52. p. 570. The bonds arc endorsed with New York Central's guaranty of principal and Interest. See
V. 52 p 570.
(V. 75, p. 1398.)
BEECH CREEK EXTENSION RR. (See Maps AT. Y. Cent. A Hud Rlv.)
Clearlleld, Pa., to Keating, 52.1 miles; Rossltcr to Rosslter Jet., 3.2 m.;
McElhattan to Browns, 1.2 m.; Curwensvllle to Bower, 15.8 m.; MahafTey to
5 rn
;
i.
,
total, 38
Hit.
—
Ac—
—
—
M
i
%
Where Payable, and by
Whom.
A
5
When Due.
& O Brown Bros,NY,Bos&Ph April 1 1935
Guar Trust Co, N Y
To July 1 1910
& D
To June 1816
& J 26 Exchange Place, N Yi 1930-1936
July 1 1919
& J
Q— Grand Cent Station, N Y July 1906 1
g
g& 6 A & O
5
5 g
3
IJ
320,000
6 g
150,000
4 g
3
6,000.000
4
5,000,000
4
J
&
1,000,000
5
ic
J
732,000
4
J
&
3,500,000
3
&
See text.
4
&
659,000
5
\$ &
6
200,000
j
&
1,000.000 See text. j
&
500.000
6
1.000,000
6
M &
5
275,000
J
&
1,253,000 5 In 1906
Feb.
M &
500,000
4
F &
4
749,000
500,000
4
&
1,000,000
g(J
&
3
Q- -J
1,078,700
6
1,220,000
5
M &
900,(1111)
Q—
150,0001
1,060,000
M &
5
A
5
&
See text.
5 g
J
400.000
5
J
200,000
5
J
667, 000
6 g
A
400,000
6 g
|F
Q
25,000,000'See text.
3.858.000
Zy A
2
(
'
4
1
do
do
do
do
Knickerbocker Trust. NY
O Grand Cent Station, N Y
do
O
do
D U S M & Tr Co. NY; &SF
J Metropolitan Tr Co, N Y
July
July
Jan
April
April
1
1
1
1
1936
1936
1940
1951
1955
Dec 1 1932
Jan 1 1910
J Co.'s Office, Indianapolis July 2 1906 5 %
do
do
July 2 1906 1H
H Newbolds, Phila. April 30 1911
N
"
Mercantile Tr & Dep.Balt July 1 1945
J
Broad St Stat'n, Phlla
Feb 24 '06 5%
do
S
do
Sept 1 1925
do
do
Feb 1 1927
do
do
Jan 1 1933
do andBk Com, NY Jan 1 1943
Stockbridge, Mass.
July 1906 1H
_
Home Tr Co, Hobok, N J March 1 1922
do
do
March 1 1913
do
do
April 1 1925
1
W
& J
July 1 1935
& JFIT&SD Co, Phlla
iJan 1 1928
& J Philadelphia, when earn.|Jan 1 1928
& O U S M & Tr, N Y; & SF April 1 1923
& A Amer Exch Bank, N Y Aug 1 1911
M Office, Term Stat'n, Bost June 30 '06 2
& O
do
do
April 1 1952
& O
do
do
Oct 1 1913
& J
do
do
Jan 1 1951
—
|A
3H
3.627 .000
1,000,000:
1
|
'J
1
—
BELLINQHAM BAY & BRITISH COLUMBIA RR.— Bellingham
to Gla-
Wash., 44.16 m.; branch from Hampton to Lynden. 5.31 m.; spurs.
8.63 m.; total, 58.10 m. Stock, $1,000,000, all owned bv New York and San
Francisco parties. Year ending June 30 1905, gross $212,385; net, $65,979;
other income, $5,544; Int. and taxes, $63,686; bal., sur., $7,837. Pres.
H. H. Taylor.— (V. 81, p. 840.)
cier,
BELT LINE RY. OF MONTGOMERY. — Owns
real estate and a belt line
Montgomery, Ala., about one mile of track on Tallapoosa, Bell, Perry and
Columbus streets. Atlantic Coast Line RR. pays an annual rental of $15.531. Atlantic Coast Line RR. owns about 92 % of the $200,000 stock, par.
$100. Year ending June 30 1905, gross, $20,596; net, $9,957; bond int., $12,in
000; bal., def., $2,043.
BELT RAILROAD & STOCK YARD OF INDIANAPOLIS.— Owns
—
14
miles of belt road, etc.
Leased for 999 years to Ind. Union which see.
DIVIDEND ] Preferred In Com. '96. '97. '98 to '02 '03. '04. '05. 1906.
Since 1894
/full to date. stk
5 yearly 6H 7
8
4J4
8
In 1906 on common, Jan., 3 %; July 5
(incl. 2 extra).
Pres., S. E. Rauh, Indianapolis, Ind.
(V. 77, p. 2389; V. 81, p. 1099.)
—
|
%
|
—%
BELT RAILWAY (OF CHATTANOOGA, TENN.) — Owns
25 miles of
Chattanooga, Tenn.
V. 67, p. 72.
HISTORY. A reorganization of Union Ry. foreclosed June 17 1895.
Leased till July 1 1945 to Alabama Great Southern RR.; rental guaranteed
to meet Interest on first mortgage bonds, taxes and maintenance.
STOCK
Is $300,000, owned by Alabama Great So. Ry.
There are also $24,000 2d
inc. 4s, due 1945, redeemable at par; coup, paid Jan. '01 to July '06 lncl.
BELVIDERE DELAWARE RR. Owns from Trenton, N. J., to Manunka Chunk, N. J., 67 miles; Flemlngton RR., &c, 14 miles; operated cut-oB,
1 mile; total operated, 81 miles.
Leased to United Companies, and transferred to Pennsylvania RR. March 7 1876.
Net earnings paid as rental.
STOCK. Authorized, $4,000,000; outstanding Jan. 1906. $1,253,000;
par, $50.
Dividends: 1897 to 1906, both inclusive. 5% yearly.
BONDS. All of the outstanding bonds are secured by the consolidated
mortgage of 1875 for $4,000,000; sinking fund, 1 % of outstanding bonds
The Issues of 1885, 1887 and 1903 are guaranteed by the United
If earned.
New Jersey RR. & Canal Co. Guaranty, V. 76, p. 918.
EARNINGS. In 1905, gross, $1 ,492,387; net, $339,107; other income.
$39,112; Interest, taxes, etc., sinking fund and other charges, $185,098;
belt railroad In
—
—
—
—
—
dividends, $62,650;
surplus, $130,471.
— (V.
76. p. 918.)
BENNINGTON & RUTLAND RY.— See Rutland RR.— (V. 70, p. 685.)
BERKSHIRE, RR. — West Stockbridge, Mass., to Connecticut State Line.
21 miles; Vandeusenvllle, Mass., to Plttsfleld, 22 miles; total, 43 miles.
A
consolidation In 1905 with Stockbridge & Plttsfleld and West Stockbridge
RR. V. 80. p. 2219. Leased April 1 1893 for 99 years to N. Y. N. H. &
H. RR. for expenses, taxes and 6
on stock, paid Q-J. 15 at Housatonlc
National Bank, Stockbridge, Mass.
Lease to Housatonlc RR. suspended,
not canceled. Stock, $1,078,700.
(V. 80, p. 2219.)
BESSEMER & LAKE ERIE RR. Leases Pittsburgh Bessemer & Lake
Erie RR., Bessemer, near Pittsburgh, Pa., to Conneaut Harbor, Lake Erie,
etc., with branches, a total of 209 miles, for 999 years from April 1 1901;
owns 9 miles: total, 218 miles. V. 72, p. 137. Authorized to operate a
railroad from a point of connection with the Pittsburgh Bessemer & Lake
Erie at or near Krcmls Station, l'a. to a point on the Jamestown & Franklin
RR. near Salem Station, Pa. Stock, authorized, $500, ooo. Controlled by
the Carnegie Co. and so by U. S. Steel Corporation.
Guaranl v of Marquette
& Bessemer Dock & Navigation bonds, V. 77, p. 1228; V. 70, p. 1358;
%
—
.
V. 82,
p. 160.
— (V. 82,
p. 160.)
BIRMINGHAM & ATLANTIC RR.— Talladega
382, 1322.)
PORTLAND RY.— (See Map Del. Lack. &
When
Payable.
Rate
$3,191,000
380,000
pal,
Arcadia. 13.1 m.; Harmon to Boardman. 13 m:. branch to Trvona. 16 3m.:
3 other branches, 11.5 m.; total, 126.2 miles. A consolidation on Mch. 3u
1905 with the Curwensville & Bower, Pittsburgh & Eastern and Clearfield
Southern. A low-grade coal line leased to N. Y. Cent. & Hud. Rlv. RR.
(which owns entire $5,179,000 stock) for 999 years from June 1 1905, bonds
being guaranteed, prin. and int. Of the consols, part is reserved to retire,
dollar for dollar, old bonds.
V. 80, p. 1174, 1479; V. 81, p. 30; form of
guaranty, V. 82, p. 1267.
(V. 81, p. 30; V 82, p. 1267.)
4
Additions
Bonds
Size, or
4,'026
Miles
Freight
— PrinciStocks — Last
Dividend.
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
[Vol. lxxxiii.
to Coal City, Ala., 31
miles; branches, Ro.rans to ore beds, 9 miles, and Furnace to Welslngcrs,
Stock. $1,000,000, all common; par of shares
3 miles; total, 43 miles.
Bonds. $500,000 forty-year llrst 0s, due Nov. l 1981 ($1 .ooo each).
$100.
Interest, payable M. & N., In default.
Year ending June 80 1905, gross,
President.
530,153; def. under opcr., $5,018; bond Interest, not paid.
Sidney II. March; Sec. and Treas., John Carlson. 25 Broad St.. New York.
BIRMINGHAM COLUMBUS &
ST.
ANDREWS RR.— Projected
from
miles
St. Andrews llav. Fla., to Columbus, Ga., about 200 miles, of which
Stock, $1,500,000,
laid with track and 39 additional graded In Jan. 1900.
Bonds arc Issuable at $22,500 per mile. V. 81, I). 1375.
In $100 shares
1492, 1009.
President, W. M. Gordon. 25 Broad St.. N. Y.; Secretary and
Treasurer, D. B. Jones.
Office, Glrard, Ala.— (V. 81, p. 1492, 1609.)
BLOOMSBURG & SULLIVAN
—
Owns Bloomsburg to Jamison City.
par. $50.
V. 66, p. 80. 952.
Year
ending June 80 1906: gross, $I09,50I); net, $66,765; other Income, $1,210:
V. 06, p. 80. 052.)
Interest, taxes, etc., $31,272; balance, surplus, $25,082.
Pa., 30 miles.
Slock
Is
RR.
$600,000;
—
BOCA & LOYALTON RR.— Owns
from Boca, on Central Paclllc main
miles additional
line, northwesterly via Loyalton to Bcckwlth. 40 miles;
main line and in miles of branches, total, 50 miles. In March 1B05 the
Western Pacific Ry. acquired control, v. 80, p, 1174.
Bonds cover also Roberts Lumber
Stock, $1,200,000; par of shares, $15.
Co.'s property, comprising 52,769 acres of plno lands, water-works, etc.
They aro subMercantile Trust Co. of San Francisco Is mortgage trustee.
ject to call for sinking fund at 110 and Interest.
V. 70, p. 1101. Earnings
1904: Railroad, gross, $145,126; lumber, gross
for year ending Julv 31
$228,088; total, $373,214; total net, $140,310.— (V. 70. p. 1 101; V. 80. p.
1174; V. 81, p. 067.)
July,
1900.1
RAILWAY STOCKS AND BONDS.
21
.
.
-
RAILWAY STOCKS AND BONDS.
-
RAILROADS.
Boston & Lowell
column headings, &c,
of
page of
first
Date
of
Par
Amount
Value.
Outstanding
Road. Bonds.
tables.
— Stock
"97-'98
•99-'01
1903
1905
...
—6%
non-cumulative
OB
Improvement bonds s f not mortgage or subj to call
Improvement bonds s f not mortgage or subj to call_
Bonds (not mortgage) for Improvement & ref-.c&r
Bonds not mortgage gold
c&r
Bonds $.">,4.->4,000 gold secured by Fitchburg stock.
Bonds not mortgaged 81,000,000
Bonds ($2,000,000, not mortgage
Bonds not mortgage (20 year)
Bonds (not mortgage) currency
c&r
Eastern RR certs of indebt 1st M g s f not drawn. .c
Portsmouth Great Falls & Conway first mortgagee
Central Massachusetts first mortgage assumed. I B.c*
Charlestown land mortgage notes
Port & Roch Terminal bonds (no mort) assumed. _c
Boston & Providence Stock 10 % guar 99 yrs Old Col
Bonds, not mortgage
c
Boston Revere Beach & Lynn Stock
SB.c'&r
HFlrst mortgage $1,000,000 gold
Boston Wlntnrop & Shore first mortgage assumed. IB
Boston Terminal Co First mortgage currency.OB.c&r
Bruce Mines & Al 1st M $250,000 guar p & i red
...
1887
1887
1892
1894
1900
1901
1903
1905
1906
1876
1877
1886
Var.
1892
'
lio
73
96
—
—
—
NAMPA & OWHYEE
RY.
— Owned
from
1
,000
1.000
1,000
1,000
1,000
1
1
,000
,000
1,000
1,000
1.000
100
100
1,000
1,000
1,000 &c
1,000
1,000
1
,000
1,000
1,000
1,000 &e
$
& £
500 &c
Nampa
to
Murphy,
Idaho, 30.45 miles.
In July 1906 merged with the Idaho Northern Ry.,
Year
the consolidated line extending from Nampa to Emmett, 58 miles.
ending June 30 1905 (30 miles), gross, $33,176; net, $16,139. Pres.,
E. H. Dewey.— (V. 83, p. 154.)
BOONVILLE ST. LOUIS & SOUTHERN RY.— Boonville to Versailles,
Mo., 44 miles. Leased to Mo. Pac. till July 1 1910 at annual rental of
$25,000, taxes, expenses, etc. Stock, $250,000; par of shares, $125.
BOSTON & ALBANY RR. Owns from Boston, Mass., to Albany, N. Y.,
200 miles; numerous branches, 104 miles; leased lines, 88 miles; total
operated, 392 miles. A consolidation of December 1867.
Leased In 1900 for 99 years to the New York Central & Hudson River RR.
for guaranteed rental of 8 % per annum on the $25,000,000 stock, payable
quarterly (March 30, etc.) organization expenses, interest on bonds, taxes,
expenses of maintenance, etc. The B. & A. received for certain property
not Included in the lease $5,500,000 in N. Y. Central 3Ks% 100-year debenSee lease
tures, thus adding .77 % per annum to 8 % guaranteed on stock.
In V. 69, p. 282; V. 69, p. 1061, 1102, 1246; V. 70, p. 74; V. 71, p. 645,
963.
Bonds of 1901. $2,500,000, were for terminal facilities at Boston, of
which $1,000,000 issued. V. 71, p. 1218; V. 72, p. 44; V. 75, p. 752.
—
,
—
and September, 2)4
%
%
dividends at the rate of 8
8%
lease.
Since 1900
l
in June, and 2 /i%\n
yearly were paid for
%, viz.: 2
December.
%
each
In
March
...
EARNINGS
as reported to State Railroad Commission by lessee:
Gross.
Other Inc. Int., divs., etc.
Bal.,sur.
Net.
Year —
1904-05
1903-04
$10,384,574 $3,157,418 $363,891
$3,554,513 def. $33,204
2,793,121
321.894
3,354,836 def. 239,821
9,932,595
(V. 73, p. 1312; V. 74, p. 150. 629; V. 75. p. 732, 1301.)
—
LOWELL
—
BOSTON &
RR. ROAD. Owns Boston to Lowell, 27 miles;
branches Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles;
others, 45 miles; Middlesex Central, 11 miles; leases Connecticut & Passumpsic, 146 miles; Nashua & Lowell, 15 miles; Peterborough, 10 miles;
Northern X II., 8;i miles (and subsidiary lines 90 miles) Stony Brook RR.
13 miles; Wilton RR.,15 miles. Leases mostly assumed by Boston & Maine.
LEASES. Leased in 1887 for 99 years to the Boston & Maine at 7 per
annum on stock till Jan. 1 1897 and
thereafter.
—
—
;
.
—
STOCK AND BONDS. — Stock
authorized, $6,599,400. The debentures
of April 1895.
The stockholders voted
Jan. 3 1906 to Issue $500,000 20-year bonds (int. not over 4 %) to retire the
$500,000 bonds due Nov. 1 1906. V. 81, p. 1847.
(V. 82, p. 48, 803.)
were described on page
2,
SUPP.
BOSTON & MAINE RR. — ROAD. — The
—
system with
many branch
Its
lines covers the territory from Boston, Mass., to Portland, Me.
sions), Springfield, Mass., Sherbrooke, Can., Rotterdam Jet.
(two diviand Troy,
N. Y., Worcester Mass., to Portland, Me., and all Important places In New
Hampshire.
a See this company.
Lines owned.
Lines leased
Miles.
(Concluded.)
Miles.
Boston, Mass., to Portland, Me.,
Fltchburg
o458
via Western Division
115 Nashua <Sc Lowell
al5
Boston to Portland, Eastern Dly 108 Worcester Nashua & Rochester. a94
Conway June, Me., to North
Connecticut River RR
a80
Conway, N. H
72
73 Other...
Portsmouth Electric Ry
18 Trackage rights
9
Portland, Me., to Rochester,
N. II
54 Total operated July 1 1905
2,286
No. Cambridge Jet. to North2d track (3d & 4th track 10) .. 522
ampton, Mass..
96 Controls Maine Cent, (which see) 816
148
Sundry branches
St. Johnsbury & Lake Champ. 131
Lines i' iisni.
York Harbor <t lleaeh
11
Boston & Lowell
61469
Vermont Valley
24
Concord & Montreal
a477
Sullivan County
26
ORGANIZATION, ETC. An agreement with New York New Haven &
Hartford regarding division of territory was made In 1893. V. 56, p. 464.
The Stockholders of Newburyport and Danvers roads (aggregate 36 miles)
voted to sell the roads to the Boston & Maine. V. 81, p. 1847.
STOCK.— Of the $24,638,070 Stock outstanding July 1005, $1,128,200
was held by trustees as collateral for Eastern Hit. certificates of Indebted
V.69,p 129. Stockholders on Oct. n 1905 authorized 94,203,700
new stock, this, with (1,128,200 set tree by payment, or Eastern RR. certiorates of Indebtedm
being offered to Btockholdei pro rata on Aug. 15
1906 at 8165 p
to be paid In full Sept. 1 1900, or optionally in four
equa
em on Sept. 1 1906, June 29 1907, Aug. 31 1907 and Deo. 31
19(17. the proceeds to be u led on account of proposed expenditures a
rre
Including 35,000,000 for equipment, etc.
gating 38,700,
v. mi. p.
—
\
I
[
,
,
|
899, 974, 1174;
V. 88, p.
V. 82, p. 1878;
DIVIDENDS.!
On common
'87.
'88. '89.
'90.
154.
'92.
'93. '94 '98.
8
8
'99. 1900-OctOfl
yearly 6 M
Neatly
BONDS As to debentures see
of April 1895.
Under
the lease or he "Itch burg UK. the lost on fc Maine Issued Its $5
,000 fiftyyear 3
for 8, the lame amount of Fltchburg com
gold bonds to p
|
its and bv private persons.
mon stock held by the State of M
V. 70. p, 17.".
in Man
1908 $10,<
,000
currency bonds, to be dated
Sept
1906, were sold to refund and paj bonds and note; maturing Sept.
isi
and for other nect
V*. 81, p. 974, 899, 1174;
V.
June
83, p, '•'
1906, $:i, 150,000
r>s or St. .lohnsbiiiy <t Lake
Boston <k Maine guarantees $1 ,328,000 fll
Champiain. Also Interest on 3274 ,000 Manchester <t Lawrence 4s. jointly
with Maine Central guarantees $.'100,000 Portland Station bonds.
I
10
'91.
»'A 9
9
7%
SUPPLEMENT
t
I
I
,
t
;,
I
%
.,
i
I
.
I
EARNINGS
9
months—
1904-05
For 9 months ending Men. 81;
Gross.
329,480,606
in-,
..
2fi.KM4,Hii
Net,
$7,728,755
7,140,805
Other Inc.
$421,978
400,584
Payable.
%
Whom.
J At Office, Boston
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N
do
do
do
S
At Off .Causeway St.Bost
do
do
S
do
do
do
do
do
do
do
do
do
do
do
N
do
do
J
do
A
do
do
do
S
do
S Bost, Baring Bros & Lond
D At Office, Boston
O
do
do
J Boston Office & Fed Tr
do
O
do
Boston Term, Room 424
J
do
do
D
J
O
O
J
4
4
4
4
3^
3^
3H
In 1905
6
4
4
4
&
&
&
&
g
4
6 g
4H
5
4
4
10
4
M &
F
&
&
J
&
J
M &
M &
A &
J
&
A &
Q—
&
& J
& J
M & S
Text.
J
& D
J
in 1906 J
4^ g J
5
3H
5 g
Office, or checks mailed
State St Trust Co, Boston
State National Bk, Bost
State National Bk, Bost
Knickerbocker
Total gross earnings
Net earnings
Net, including other income
36.Iko.H27
6,112,227
Bal.,sur.
$1,969,906
1,435,162
TrCo.NY
4%
July 3 1906
Nov 1 1906
June 1 1907
July 1 1907
April 1 1909
April 1 19 32
Feb 1 1913
March 1 1915
July 1 1916
Oct 1917 & 1918
1919 & 1921
May 1 1923
Sept 1 1925
Oct 1 1906 15i
Sept 1 1906 3
Febjgl 1907
Feb 1 1937
Aug 1 1942
Jan 1 1944
July 1 1950
Nov 1 1921
Jan 1 1923
Feb
1925
Sept 1 1926
Sept 1 1906
June 1 1937
Oct 1 1906
Sept 1 1906
Oct 1 1907
July 1 1906 2)4
July 1 1918
July 2 1906 2%
July 15 1927
Sept 1 1906
Feb 1 1947
June 1 1952
$36,213,245 $34,894,608 $33,738,985
$9,593,505 $9,622,701
$9,505,613
$10,181,094 $10,199,585 $10,033,237
1,486,169
1,482,296
1,401,332
5,069,578
5,083,278
5,067,593
1,605,490
1,633,270
1,619,119
1.806646
1,779,000
1,771,722
136,285
151,285
151,285
Interest
Rentals
Taxes
Dividends
Sinking fund
Balance, surplus
$70,456
$76,926
OFFICERS. —Pres., Lucius
W. J. Hobbs; Treas., Herbert
$22,186
Tuttle; 4th Viee-Pres. and General Auditor,
E. Fisher.
Office, Boston.
—
Directors
Lucius Tuttle. Richard Olney, Walter Hunnewell, Boston;
Joseph H. White, Henry M. Whitney, Brookline, Mass.; L. C. Ledyard,
Henry F. Dimock, C. M. Pratt, New York; Samuel C. Lawrence, Medford;
A. W. Sulloway, Franklin, N. H.; Wm. Whiting, Holvoke. Mass.; Alexander
Cochrane. Boston.
(V. 81, p. 974, 1040, 1174, 1847; V. 82, p. 567, 927,
1378; V. 83, p. 36, 154.)
—
BOSTON & PROVIDENCE RR — Owns Boston, Mass., to Providence,
I., 44 miles; branches, 20 miles.
Leased 99 years, April
1888, to Old
Colony RR.- rental, 10% yearly on stock. — (V. 78, p. 2010.)
BOSTON REVERE BEACH & LYNN RR — Owns narrow-gauge road
R.
1
from Lynn to East Boston, Mass., 9 miles, connecting with Boston by company's ferry-boats; Boston Wlnthrop & Shore Div., East Boston to \Vlnthrop, 5 miles, with branches 3 miles.
Of the 4)^s of 1897 $289,000 reserved for Boston W. & S. 5s; balance unissued is for Improvements.
(V. 65, p. 68.)
Notes payable July 1 1905. $285,000
DIVIDENDS
1
1888-91
'92.
'93.
'94.
Percent.
J
7 yearly.
5}4
5
4)4
EARNINGS. — Year
Year.
1934-05
1993-04
—
95. '96. '97 to Julv 1905.
1906.
4
3
2 yearly.
Jan., 2
ends June 30.
Gross.
Net.
$654,588
606,357
(V. 67, p. 1000; V. 69, p.
&
Int.
$78,440
81,132
953; V. 81,
Dlvs. paid.
tares.
$17,000
17.000
$60,378
63,684
BaL.sur.
$1,062
448
p. 1722.)
BOSTON TERMINAL CO. — Owns Southern Union Depot In Boston
opened In 1899. V. 08, 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
4 % on stock
These companies are jointly liable for any deficiency In
case of foreclosure.
Registered Interest payable Q.-F.; coupons F. & A.
V. 69, p. 129, 591.)
and
—
BROCKV1LLE WESTPORT & NORTHWESTERN RY. —V. 82,p.l267.
BROOKLYN & BRIGHTON BEACH RR.— V. 69, p. 228; V. 75, p. 1353.
BROOKLYN & ROCKAWAY BEACH RR.— Owns road from East New
York (Brooklyn)
to Canarsle Landing. Jamaica Hay. 3 1-5 miles (of which
m. double track) and operates ferry to Rockaway Beach. Operations suspended during winter months. Sold lii foreclosure May 2 1906 per plan
V. 81. p. 1664, the railroad and part of the real estate being acquiror? by
Reorganization
V. 82, p. loio, ll.").r>.
the Brooklyn llapld Transit Co.
2
,
plan (V. 81 p. 106 1)
in year ending June 30 1905, gross, $2,080; def. under operating, $7,413;
other Income, $3,939; Int. ami taxes, $28,695; balance, deficit, $32,169.
,
— (V.
82, p. 750, 1040,
1
155.)
BRUCE MINES & ALQOMA RY.— V. 76. p. 704.
BRUNSWICK & BIRMINGHAM RR. — See Atl. & Birmingham Ry.
BUFFALO BRADFORD & KANE RR — (3/7. gauge.) Owns Bradford
to Smethport, Pa., 26. n miles.
Ormsby let. to Mt. Jewett, Pa., in. 48
miles; leases Mt. .lewett to Kane, Pa, (Halt. .V Ohio). 11.49 miles.
Total
48.08 miles,
Successor to the Bradford B or dell it EClnzua Ry., foreclosed.
In .Ian. 1905 control was changed and the Itlg Level & Kln/.ua. Included
v. mi. p. U74; v. 77. p. 1743, 2279, 2338; v. 78. p.
above, was acquired,
Stock, $.'1110.(1110; par, $100. Year ending unc 30 1905 gross, jr. ,750;
101.
net, $6,872; charges. $9,275; bal., def.. 52.KI.I.
Pres., \v. \v. Bell; 1st
.1
Viae
I'res.. S. S.
Hullls; See. -Treas.
BUFFALO CREEK RR. -Owns
.
It.
S.
1
;
(V. 80,
BulllS.
mad
l>-
1174.)
N- v.
leased for term of charter less one day to the Lehigh Valthe Erie RR., Which together own entire capital stock of $2:>0 000.
ley and
Rental Is Interest On bonds and 7";, on slock. -(V. 79. p. 1954.)
in
6 miles
<>r
terminal
in Buffalo,
December 1889
BUFFALO ROCHESTER
ft
PITTSBURGH RAILWAY.
(See
Map.)
—
Operates from Hull, and Koch., N Y., to bit (millions coal regions.
ORGANIZATION, &c. Successor In March 1887 to the Rochester &
Pittsburgh, which was foreclosed in Ocl 1885,
Plan of reorganization in
The entire capital stork ($4,000,000) of the Rochester tt
V II. p. 516.
Pittsburgh Coal ft lion Co. Is owned (V. lift. p. 1088) and Ih rough that company In M.'i\ 1896 Control was acquired of the .lolTcrson it Clearllelil Coal it
for
Iron Cb. <see that Co. under "Industrials") with 83,000,000 BtOOk,
bonds ol these COal COS. see table abo\e. Clearfield it Mahoning securities
are guaranteed, Allegheny it Western see below.
Aug. 1901 allied Interests purchased upwards of 25 ,000 acres of ooal Lands In Indiana County, I'a.
Proposed Lake Ontario Car ferry, see V. 81, p. 1700.
V. 75. p. 188, 347.
V. 77, p. 854.
.
—
.
Int., Taxes, Ac.
Dividend.
M & N
4
4H
3 g
3H
3H
3^
&
&
J
&
A &
A &
&
M &
J
&
&
&
M &
M &
Q—
M &
&
J
8
4
4
4
4
— Princi— Last
When Due.
Stocks
—
1
—
Where Payable, and by
ANNUAL REPORT. Annual meeting second Wednesday in October
Annual report 1904-05 in V. 81, p. 1040, showed results as follows:
Year ending June 30.
1905.
1904.
1903.
Miles operated June 30
2.287
2,290
2,282
Passenger department
$12,530,472 $12,338,182 $12,116,115
Freight department
21,808,070 20,788,779 19,965,457
Malls, express, &c
1,874,703
1,767.647
1.657,413
%
8%
When
Rate
$6,599,400
500,000
2,000,000
325,000
350,000
1,000,000
1,000,000
500,000
750,000
414,000
939,000
250,000
500,000
24,038,070
3,149,800
500,000
1,919,000
2,500,000
6,000,000
5,454,000
1,000,000
2,000,000
500,000
See text.
7,822,244
1,000,000
2.000,000
594,800
113,500
4,000,000
2,170,000
850,000
561,000
289,000
14,000.000
150,000
1,000
1,000
1,000
Various.
500
100
68
1,000
... '88-'93
100
~~9
1,000 &c
1897
1,000
5 1886
1897 1,000 &c
500
17 1902
—
DIVIDENDS. Cash
many years prior to the
pal,
$100
1886
1887
1887
1889
1892
1893
1895
1896
Preferred stock
BOISE
Bonds
Size, or
of
see notes
Bonds 20 years not mortgage
Bonds
do
do
Bonds
do
do
Bonds
do
Boston & Maine
do
Bonds
do
do
gives a rental
^guaranty lor 9!)
Bonds
do
do
Bonds
do
do cV
years.
Bonds
do
do cV
Bonds
do
do
Bonds
do
do
Bonds
do
do
Bonds
do
do
Boston & Maine Stock, common and scrip
OB
i-i
[Vol. lxxxiii.
INTEREST OR DIVIDENDS.
Miles
For explanation
on
—
—
J
J
,
I
ii
July,
1900.]
RAILWAY STOCKS AND BONDS
23
—
I
—
a
,
RAILWAY STOCKS AND BONDS.
•Jl
IXTEREST OR DIVIDEXDS.
RAILROADS.
Miles
For explanation
on
&c.
column headings,
of
page of
first
Date
of
of
see notes
—
—
M
M
—
—
—— M
— M
W
1899
Cambria &
W gen M $2,500,000
mortgage
& N
Clearfield general
GuP.c*
1,000
1,000
189~6
1896
1886
1890
1902
When
Where Payable, and by
Whom.
1,000
1,000
1.000
1,000
1,000
50
189~3
500 &C
1901
1903
1906
land &
,000
,000
&C
&C
1,000
5
5
5
1.000
1,000
D
D
Various
M & N
g
g
do
do
do
do
do
do
do
do
do
do
do
&
&
XY
Jan
Jan
N Y
Sept
5
1
1
1907
1941
1
1937
Jan 1 1939
1906-1908
May
May
Nov
May
Checks mailed.
36 Wall Street, N Y
do
do
do
do
do
do
do
do
Flsk & Robinson, N
1919
1
*20-'21
1
1
1
1919
1922
Feb 15 1906 2H
June 1 1926
June 1 1926
Nov
May
Aug
30 1907
1 1946
1
1932
June 1 1906 1 %
Oct 1913
April 1 1951
April 1 1953
Jan '07- July '16
Y
& O Harvey Fisk & Sons, X Y
J
& J Flsk & Robinson, N Y
4>$gM & N Fisk & Robinson, N Y
5
& J New York
J
Rock
—
Feb 15 1906 3%
Feb 15 1906 3%
Feb 1 1921
Dec 1 1922
do
do
do
do
do
do
do
do
do
do
,A
5 g
4 g
— Princi-
When Due.
Stocks Last
Dividend.
do
36 Wall Street,
J
J
J
g
Farmers' L & Tr,
S
&
&
&
4HgF 4 A
4
Q— M
400,000
1,279,000
145,000
1,000,000
1.021,000
1,210,000
500 &c
M &
5 g
990,000
1,000
1,000
500 &c
J
g
g
1)
5g J
4 Vt g M
N
N
4^ gM
4!.gM & N
4M g M & N
5
F & A
871 ,000
also
1898
J
5
5
,850 ,000
1905
1891
1883
1886
1890
1905
g
6g
Ry and
Pacific
y.
Quinc
6
4,000,000
163,500
8,900,000
5,625,000
1,000
F
F
F
1905
in 1905
1,500,000
1,443,000
1,000,000
423,000
1,044,000
1
& J
& J
& A
& A
& A
& D
5 g
In
pal,
Payable.
6
10,500,000
6,000,000
1,300,000
3,917,000
4,427,000
350,000
78,000
500,000
2,000,000
1,761,000
802,000
100
76
392
gold
,000
1
1902
1904
M
M
Pennsylvania
—
100
100
1,000
1,000
1,000
1,000
1,000
1,000
'00-'01
4%
M
,000
1
'90 -'98
M
—
$150,000
621,000
$1,000
"1881
1882
1887
1889
M
M
%
—
M
M
Rate
1891
%
M
Amount
Outstanding
1882
6
6
r
Buffalo Rochester & Pittsburgh
Common stock_.Tr
Pref stock non-cum common 6
then pro rata_.Tr
Un.c*
R & P 1st frold Rochester to Salamanca
108
276
R & Pconsol $20,000 per mile gold guar.. Un.c*
Un.c*
276
B R & P 1st general
($10,000,000) gold
gold guar.. Un.c*
Lincoln Park & Charlotte 1st
10
B R & P car trusts gold due semi-annually
Equipment bonds $500,000 gold s f Ser A
Q.c*
G
do
do
B & C $1,000,000 each golds f
do
do
D $2,000,000 gold red 105 sink fund
do
do
...
E $2,000,000 gold red 105 sink fund
Securities of Allied Coal Properties.
Jefferson & Clearfield Coal & Iron preferred stock..
...
G.c*
First
gold sinking fund drawn at 105
Usm.c*
Second
gold sinking fund drawn at 105
gold sink fd_.c
Rochester & Pittsburgh C & I 1st
Helvetia purchase money mortgage gold s f.Ce.c*
First
...
of 1902 $2,000,000 gold red 105 s f ..Q.c*
Buffalo & Susquehanna RR
non-cum
Pref stock
First
gold sinking fund redeem at par__Me.c* &r
102
First refunding mortgage gold (see text) ..Mp.c'&r
242
Buffalo & Susa Rv
1st
$6,000,000 gold.. Us.c* &r
Equip trust bonds part due sem-ann
Usm.c
Burlington Cedar Rapids & Northern See Chicago R ock Is
Burlington & Missouri Valley See Chicago Burlingt on &
Cal Northwest
gold ($2,000,000 guar p & 1) s f
40
1st
California Pacific See Southern Pacific RR.
Cal
& N 1st
$700,000 gold guar s f text-.c*
RR
Cambria & Clearfield— 1st
103
($2,000,000) gold.GP.c*
Bell's Cap consol
sinking fund not drawn. GuP.c*
30
GuP.c*
46
Clearfield & Jefferson first mortgage
M
Par
Value.
RR
c*
Bonds
Size, or
Road. Bonds.
tables.
Brunswick & Western See Atlantic Coast Line
Buffalo Creek
First mortgage
Cons M $1,000,000 gold Interest as rental
Buffalo New York & Erie See Erie Railroad.
—
[Vol. lxxxiii.
and Co.
Isl
A & O San
g
&
&
A &
J
&
J
&
F &
5 g
6
6
5
4 g
Francisco
& New Yk
April
1928
1
J First Tr & Sav Bk, Chic July 1907-1926
J Broad St Station, Phlla Jan 1 1941
do
do
April 1 1913
O
J
J
5 g
do
do
do
J;
J
A
Jan
Jan
Feb
do
do
do
1
1
1
1927
1930
1955
I
—
Lines owned in fee
Buffalo Creek, N. Y.. to
Miles.
Howard
Pa
Jet.,
Trackage (Con.) —
Penn. RR. — Penn. RR.
Vintondale, Pa
81
—
Miles
to
Jet.
18
Clarion Jet. to Lindsey, Pa
60 Other
5
Rochester to Ashford. N. Y
94
Leased—Entire stock owned
Charlotte, N. Y., to Lincoln P'k. 10 Johnsonburg & Bradford RR.
20
Indiana Branch
Howard Jet. to Mt. Jewett.
63
Five branches
Leased Stock not owned
20
Trackage
Allegheny & Western a
Erie
Mt. Jewett to Clarion Jet.
Punxsutawney to Butler. Pa.
21
00
Pitts. & West.
Butler, Pa., to
&c
Newcastle
Clearfield & Mahoning—
41
26
Rlbold Jet., Pa., to Allegheny
Clearfield to Beech Creek
City, Pa
33 Mahoning Valley
2
Willow Grove to Pittsburgh, Pa. 7
567
Total July 1905 (aSee separate statement for this company)
STOCK. The stockholders voted Nov. 21 1904 to increase the common
stock from $9,000,000 to$12,000,000,lto complete the Indiana branch and
for other capital requirements.
Of the new stock, $1,500,000 was subscribed for in 1905 by stockholders at par. V. 79, p. 685, 1905: V.80, p 116.
—
—
—
—
—
—
.
.
.
.
RR
RR
—
DIV. (%)1'93.
1226666
'94-96. '97. '98. '99. '00. '01. '02. '03
Pref... \\\i
'05.
1906
6 Feb., 3
6 Feb., 3
'04.
6
Com.. J
4
4
5H 6
BONDS. — General 5s for $5,573,000 are reserved for prior bonds, &c.
The $2,000,000 debentures of 1897 in the treasury are convertible into common stock at par and subject to call at 102 H: they are to be secured by any
subsequent mortgage unless made for refunding existing prior liens or for extensions exclusively.
See V. 64, p. 706; V. 73, p. 1009. 1111. R. & P. in-
come
6s. $5,000.
sinking fund of 5
A
% will retire ser. A, B and C equipment bonds annually
on May 1 if purchasable at or below par; otherwise to be applied to the
purchase of additional equipment. V. 68, p. 1131; V. 71, p. 501; V. 73, p.
348.
Series D and E have an annual sinking fund of 6 % for purchase of
bonds Sept. 1 and May 1, respectively, at 105 and Interest; if not purchasable, bonds may be drawn by lot; Series E may also be called as an entirety at 105.
Real estate mortgages bearing 5% Interest, $304,000.
,
EARNINGS.— 11
mos., 11905-06 ...Gross, $7, 338, 259; net, $3,072.01(1
Gross, 7,425,042; net, 2,803,940
July 1
May 31.
J1904-05
Foi
ending Men. 31 1906, net, $3,011,943, against $2,286,046 In
looi-05; oth. income, $24,333; charges, $1,393,430; bal., surplus, $1,642,840.
to
ANNUAL REPORT. — Fiscal
year ends June 30. The annual meeting
the third Monday In November. The re port for
1904-05 was given at length In V. 81, p. 611. 673; see also editorial p. 637.
In 1904-05 carried 6,234,260 tons of bituminous coal (out of 9 266,734
total tons of freight moved), against 4,907,543 in 1903-04.
190.">.
Year end. June SO
1903.
1904.
1902.
Miles June 30 .........
538
472
.99
472
Gross earnings
$7.490 521
$8,138,275
$7,249,686 $0 292,58 1
Net earnings
$2,848,733 $2,893,325 $3,028,082 $2 519,018
Other Income
:i:>,437
22,805
48,233
40,662
!s
Now York on
held at
,
—
Total receipts
$2,871,538
Interei I on bonds
Int. on floating debt
$2,926,762
$778,030
.
$3,076,315
$724,049
472,669
660,188
$79-:
.
477. 09s
1,043,723
;t00,000
(6) .'100,000
$2,539,680
$731,172
259
.
Rentals
approp'ns, &c.
Dividend on preferred.
Dividend on common
I
(6)
(6)
.
.
485,835
018.77
360,000
540,000
1
.
.
fOi
.170,251
10,00
1
(6)
(1)
198,000(4^)313,000
(6)
300, cio
240,000
•Balance
sur. $73,755 sur.S157.875 sur.$157 .815 but. $90, 70
•in addition to this surplus there was received from ln\<
and
"credited dlri
irofll and loss account" $120,000 in 190-1-05, $320,000
00 la L902-03 and $100,000 In 1901 02
Oi
a G. Yates, Rochester; Vlo P
Adrian iselln
1.
\. v.
F. Dinkey. Roche ter; Sec, J. H. Hocart
Directors —
\
Q. Yates, A, Iselln Jr. \V. II. Peckl
H. i. Ba
lanan 0. O'D.'l lelln, J. 11 Hocart, W. En
Roosi
h, John L.RIker and Sam'lWoolverton.
N. Y. OI!
,11 St.— (V. 82, p. 508;
1039; V. 83, p. 36, 154.)
Kl
ft
SUSQUEHANNA RR.-I,s'»r Map.) -Owns and operates
from Syke /Me, Pa., ti
Ule, v. v.. with several branch lines, Including 20 ml
Total mileage, 242.
This Includes extension of
70 mile from Slni
ihon
whi re coal
le, Pa.
prop'-rii'
ited; operated from July
1005.
v. 70, p. g
tr;ic
Juneau, 16 miles, wheno
Oniii to
ider charters 01 Southwestern Du
and P
V. 77, p. 70S, 1301; V. 78. p. IOL'; V. 80, p. 710.
BUFFALO EXTENSION.—An extension Is nearlng completion from
Wellsvllli to Buffalo, 80
ei of the Buffalo & Su
Railway
See the Ry. Co. below and v. 76, p. 503; V. 74, p. 1037; v. 75.
p 76, 005, 922; V. 79, p. 2091.
I
-
.
;
.
.
!
MO
I
:
.
1
1
:
•
BUFFALO
the
fc
SUSQUEHANNA OOAL
ick of
1
which
is
com; CO.—This
.V
owned by the B
Medlx, Du Bols, Troutvllle, Big
to be underlaid
1
with
ore
Pa
90,000,000 tons
miti'
itlon,
annual capacity 3,000,0
p,
.-. p,
company
4S. RR.,owni
V
1322.
v. 77. p. 1301;
79,
\n coal a COKE CO.—Thi. company, all of whose securl
ties are owned by the II.
S. RR..
lands al Tyler and at Sykea
vllle, underlaid with about 26,000,000
j coal. Both Its coking;
i'o .vii
\
r
ft.
—
highest. V. 05, p. 234.
The 4 per cents of 1951 are secured by a first refunding mtge. on the entire
property, and are further secured by deposits of purchase money mtges.
amounting to $1,790,000 on coal lands of Powhatan Coal & Coke Co., about
3,945 acres; outstanding, $8,900,000. Further amounts may be issued at
not over $25,000 per m. for the construction or acquisition of additional
road; also for new terminals, control of coal properties and for new equipment. V. 73, p. 619. Total authorized issue, $15,000,000, but additional
amounts at $15,000 per mile may be issued for double-tracking mileage already covered by the mortgage.
V. 73, p. 619, 899. Sink, fund of 3 cts.
per ton of coal mined to be Invested in the bonds, if purchasable at not exceeding 110 %; otherwise in securities legal for savings banks In the State of
New York.
EARNINGS. — For
Mos.
11 months
Gross.
ending|May
31:
Charges. Bal., sur.
$1,417,196 $504,496 $120,740 $359,634
$265,608
1,028,886
340,583
170,499
214,691
296,391
REPORT. Report for year ending June 30 1905 was given at length In
V. 81, p. 1310, 1319 (see also edit., p. 1340) showing gross, $1 ,129 ,S65; net
(over taxes) $376,620; other Income, $190,861; total Income, $567,481; Int.
and rentals, $243,467; div. on common, $175,900; dlv. on pref., $120,000;
bal.. $28,114; In 1903-04, gross. $962,696; net, $327,196.
(V. 81 p. 1310
1319; V. 82, p. 568, 627, 1322, 1495.)
11
1905-06
1904-05
Other inc.
Net.
—
,
,
—
,
BUFFALO & SUSQUEHANNA RY. — (See Map.)— Under
construction
from Wellsvllle to Buffalo, N. Y., 86 miles. Upon completion of this line
& S. RR. will be leased for 999 years for interest on bonds and a guaranteed dividend of 4 % yearly on the preferred stock.
the B.
The B. & S. Ry. Co. has acquired the common stock of the B. & S. RR.
and it will thus control, upon the completion of its line, a railroad ex-
Co.,
tending from Buffalo, N. Y., to Sagamore, Pa., which, with its several
branches, will have a total mileage of about 365 miles. At Sagamore are
situated the principal coal mines of the Buffalo & Susquehanna Coal & Coke
Co. The Buff. & Susque. Coal & Coke Co. and the Powhatan Coal & Coke
Shipments
Co. (V. 75, p. 922: V. 79, p. 2001, 2091-02) are controlled.
over the B. & S. RR. by these companies will amount to at least 3,000.000
(See V. 76, p. 593.)
tons per annum.
In Jan. 1905 B. <5c S. Interests acquired control of the Buifalo Attica & Arcade RR.. Attica to Arcade, N. Y.,
28 miles. V. 80, p. 471.
The Buffalo & Susquehanna Iron Co a closely affiliated corporation, has
erected on a tract of land adjoining the terminal property of the B. & S. Ry.
at Buffalo two blast furnaces. (See V. 75, p. 922; V. 79, p. 2061, 2092.)
The Railway Co. will transport all the coal and coke.
STOCK.— Authorized, $10,000,000; Issued, $9,000,000; par. $100.
BONDS.— The first 50-year gold 4 V_s (authorized Issue. $0,000,000, of
which $3,625,000 have been Issued), are secured by a first lien on terminal
property at Buffalo and the 80 miles under construction in New York State;
al
bj deposit with the U. S. Trust Co., trustee, of all the common stock of
the B. & S, Railroad Co.
% yearlj dividend; paid), s lountlng to $4,456
Sec V. 70. p. 593; V, 79, p. 2695.
(V. 74, p. 1010.1
01 the equip900,
ment mis! 5
if
1900, $11,000 mature Jan.
and $43,000 Ju
V. 82, p. 1495
(V. 81, p. 612; V. 82. p. 1495.)
[y,
.
-
(I
1
"BURLINGTON."— See CHICAGO BURLINGTON & QITINCY RR.
BURLINOTON CEDAR RAPIDS & NORTHERN RY.— In 1903 title was
acquired by died by Ch. u. 1. & Pac. Ry. Cos
be holders of the outstanding
hanged stock (about $172,200— total Issue $7,150,000) being guarant'3
dlvs. J.-J., as called for by the lease. -(V. 82, p. 1040.)
the payment of 6
BUTTE ANACONDA & PACIFIC RY.—See SUPPL. for Jan. 1803.
CALQARY & EDMONTON RY. Owns Calg
da, to Edmonton,
14 miles.
da, 191 miles, and to Fori VlcLeod, Ca
in Feb. 1903 a n, "\ lease to the Canadian Paclflo (which owns entire $1
bonds (£1,121,•
000,1
stock)
irs was ratified, under which the
err exchangi d for an equal amount of debenl
on which In\i the termination of the lease the principal of
bonds will
further lease entered Into. V. 76, p, 134;
the
par or a
V. 77. p. 1224, The stockholders voted on Sept. 20 1004 to issue bonds to
build the Lacombe and Westasklwln branohes, each about 50 m., under
construction. V, 79. p. 1027, 1205. in Jan. 1908 it \\as proposed to apply
sue bonds on bridges over Saskatchewan River to an
for authority to
amount not exceeding $1 ,000,000, to lease the same to the Canadian Pacific
,
I
'
—
6%
.
11
I
1
lill.,
V. 80, p.
090.
1
10.
annum tin July 1911. Land grant,
acres unsold held by Government a
1902 0:1, gross, $687,720; net, $201,120.
266, 2687; V, 80, p. 116.)
CALIFORNIA NORTHWESTERN RY.—Owns Uklah to north of Slurlo in
wood. Cal
and liases San 1'ranelseo & North Pacific Ry., Pott Tlmiles), to Uklah, Cal
buron, Cal. (whence ferry to San Franoisco,
In Aug. 1904 the North Shore RR., 91 m.
and I" inches, 71 miles.
o.so,
loqulred i>v Friendly interests, v. 79. p.
sto.-k. $8,000,000; Issued, $1,500,000: par. $100.
Bonds are issuable at
$25,000 per mile, being iruarant eed by San I'ranelse.) & North Pacific, leased
for net profits for 20 years from Sept- 20 1898.
EARNINGS For 10 months ending Ipr. 30:
Balance,
10 Months.
Charges
Net.
Or oss.
$1111
$1,.'157, 213
$211,486
1005-06
$280,406
.201 .1 12
16,9 19
270,563
100 06
317,
Year ending June 30 1005 (211 miles), gross, $1,541,201; net, $413,036:
balance, surplus, $137,366.
Pres.,
Interest and sinking fund, $275,670;
\.
\.
\V. Foster;
Newhall; See. and Comp., Thos.
Vlce-Pres., Geo.
(V 78. p. 144; V. 76, p. 751. 1142; V. 70, p. 680
Mellersh.
Government
bsldy
is
£1 0,000 per
which
1,888,448 acres,
ol
curlty for cash
(V. 77, p. 61
—
subsidy,
,
-107.40:.'
in
V. 79, p.
1
,
.
eland
coal.
Twelve
Thi
<>r
5%
DIVIDENDS. On common, 4 % in 1895 and
yearly since to July
1906, inclusive, paid Q-.L; on preferred. 1 % quarterly March since date of
beginning with Sept. 1902.
BONDS. The 5 per cents of 1913 have been reduced by the operation of
the sinking fund and by refunding into 4s of 1951 to $163,000. They are
subject to call at par for sinking fund in order of numbers, beginning with
issue,
I
plant are operated and are shipping; aboul
<>i coke dully to Buffalo
for the use- of the Buffalo & Susquehanna iron Co.
—Common stock, all except directors' shares, owned by B, US.
Ry.. $4,450,900; par of shares, $50.
In 1902 $1, 0110. 000 I
m
n<
pn-r. stock was authorized, which IsraUZoutstandli
application to
fist, V. 78. p. 2389; V. 82, p. 568
1
%
I
1
——
.
July,
HALLWAY STOCKS AND BONDS.
1906.]
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
on
of
column headings, &c.
first
page of
see notes
Burlington County— Stock 6% guaranteed
M gold guar p & by Un N J RR & CanCoGP.c'
Atlantic — 1st M gold Ottawa to Lacolle &c.Fc*
Consol 1st M $16,000,000 gold guar prln & Interest
30
30
138
1
Ottawa Arnprior & Parry Sound first mortgage
Pembroke Southern first mortgage guaranteed.
Central Counties
first
mortgage
— M.
M
—
1st
M
"38
Interest rental
See V. 63, p. 838
M
Manitoba Branch lines
1st cons deb M (Man lines) $10,000 p m..c&r O
Manitoba lines second mortgage
Gunfllnt Branch bonds $10,000 per mile
Erwood extension bonds
Manitoba Provincial bonds, $8,000 per mile
Outstanding
67
& £
1906
1,000
100
1,000
1,000 &C
1,000
£ &
1903
$
i",666
£100
1903
£100
1902
1903
1904
1904
1905
1906
—
269
3,221
mortgage on Algoma Branch gold..c*&r
Land grant bonds interest guar by Can Govt.c* &r
Consolidated perpetual debenture stock.
First
183
$1,000
$ or
$ or
""166
100
£100
£100 &c
£100 &C
£100 &C
£1 &C
1880
1885
1888
1888
1889
CALIFORNIA-WESTERN
,
(THE) CAMBRIA & CLEARFIELD RY.— Cresson Jet. to Hoover's Mill
Branch Jet.. 50 m.; Bellwood to Horatio, 61 m.; Cresson to Irvona, 27 m.;
Kaylor to Black Lick, 37 m.; Vail to Grampion, 50 m.; Bradley Jet. to
Cherry Tree, 18 m.; branches, 150 m.; total, 393 m. A consolidation Aug. 1
1903. V.78.p.828. Stock, $4,835,912, all owned by the Pennsylvania RR.
Co. which operates the road. A full abstract of the mortgage securing 5s of
1891 was in V. 52, p. 976. Of the bonds, $634,000 first 5s and $1 ,195,000
gen. 4s were on Jan. 1 1906 owned by the Penn. RR. The $1,000,000 Tyrone & Clearfield 5 % bonds maturing Jan. 2 1912 have been canceled and
replaced by an equal amount of Cambria & Clearfield 4s. For year ending
,
Dec. 31 1905, gross, $2,558,196; net, $513,801; other income, $40,546; int.,
taxes, &c, $301 ,683; divs, $144,881; bal.,sur., $107,784.— (V. 77, p. 298.)
CAMDEN & BURLINGTON COUNTY RR.— Owns from Camden, N. J.,
to Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount Holly,
7 m.; total, 30 m. Operated by Penn. RR., which guarantees 6 % on stock.
Stock. $381,925; par, $25. Dividends In Jan. and July. In 1905, gross,
$269,549; op. def.. $6,039: loss to lessee under rental, $43,454. In 1904,
gross. $282,822; net, $21,081.
(V. 64, p. 373.)
CANADA ATLANTIC RY. Owns Depot Harbor, Ont., on Georgian
Bay. via Ottawa, to Vermont State line, 400 m.; trackage to Swanton, Vt.,
etc., 10 miles; lease for 99 years Central Counties Ry., Glen Robertson to
Hawkesbury, 21 m., and South Indian to Rockland, 17 m.; owns greater
part of stock of Pembroke Southern Ry. branch from Pembroke to Golden
Lake, 21 m. (V. 82, p. 451, 1101); total, 468 m. The Grand Trunk acquired the road and took It over Sept. 30 1905. V. 81, p. 1174.
The Canada Atlantic Transit Co., $1,000,000 stock, operates steamers
fromlParry Sound to Duluth, Milwaukee and Chicago. V. 69, p. 954; V. 70,
—
—
p. 279.
The 50-year 4s of 1905 (authorized Issue, $16,000,000; Royal Trust Co.,
Montreal, trustee) are guaranteed, prln. and Int., by the Grand Trunk; $4,981 .000 has been sold, $6,111 ,000 is Issuable in exchange for old bonds which
have matured, $2,908,000 Is reserved to retire the outstanding bonds and
the remaining $2 ,000 ,000 for future requirements. V. 79 p 967 1 1 31 1 64 1
2454; V. 80, p. 1058, 1727, 2343.
In Dec. 1904 the Central Counties Ry. (leased line) proposed to apply to
,;ne Canadian Parliament for authority to extend the road, issue bonds
,;herefor and lease, sell or amalgamate with other companies. V. 79, p. 2746.
Vs to Pembroke Southern guaranteed bonds, see V. 82, p. 451, 1101.
STOCK. $6,200,000 common and $1,000,000 preferred, all Issued.
REPORT.— For 1903-04 in V. 79, p. 2641, showed: Gross, $1,761,300;
let above taxes and rentals. $423,611; net earnings of steamships, &c. $35,.23; net revenue for int., &c, $459,134.— (V. 82, p. 1101; V. 83, p. 30.)
CANADA MICHIGAN & CHICAGO.— Bonds worthless. V. 63, p. 838.
CANADA SOUTHERN RY. (See Maps N. Y. Cent. & Hud. Riv. RR.)
IOAD. Main line from Suspension Bridge station, including the Cantilever
Irldge to\\ Indsor.Ont., 226 m.; branches to Courtrlght, Ont.. &c. 231 m.;
otal. 407 m.. of which 85 miles are nominally owned by proprietary com•anles. Trackage. St. Thomas to London. Ont., 15 miles. Double track, 152
llles. V. 82. p. 568.
Detroit River Tunnel Co., building tunnel under Detroit River.
See
lichlgan Central RR.
.
,
,
—
—
—
>
—
RGAXI/ATIO:V &c.—The company was chartered In Canada Feb. 28
o9„ and debt
868
readjusted in 1878.
In 1903 made a new lease to Mich. Cent.
>r 999 years, the latter guaranteeing dividends on the stock
yearly
at 2 34
a 1910, thereafter 3%;
also authorizing a mortgage to retire existing
°n
at maturlty and P ay for Improvements.
V. 70, p. 1191, 1247; V. 77,
rro
'
%
DIVIDDS—
'89. '90. '91. "92.
93. '94.
3
3
Inccl888
214 3 >4 2 34
3
Semi-annual dividend under lease,
1
\i
95. '96.
2«
2 34
'97-01.
02. '03. '04.
2
2 y'rly. 2
2>A
%. began Aug.
1
1904.
H
ANNUAL REPORT.— Preliminary report for 1903 In V. 77, p. 2387;
*nada So. share of earnings. $355,088: bal. Jan. 1 1903, $25,727 other Inc.,
',687; dlvs. (2J4 %). $375.000.— (V. 80, p. 2457; V. 82. p. 568, 927.)
CANADIAN NORTHERN ONTARIO RY.— V. 83, p. 154.
CANADIAN NORTHERN RY.— Operates from Port Arthur. Ont., on
ike Superior, to Winnipeg, and thence Into Northwestern Canada.
,
>rt
a
Arthur to
..
„,.
\V Inntpeg
Miles.
439
207
67
63
Miles.
I
Neepawa
Jet. to McCreary Jet ... 70
linnlpcg to Grand View
Gilbert plains Jet. to Humboldt ..241
'anley Jet. to Gunfllnt
Sifton Jet. to Wlnnlprgosis
21
ijrman Jet. to Learys
Portage Jet. to Pembina
63
Winnipeg to Gilbert Plains Jet. ..181 Morris to Brandon
145
llbert Plains Jet. to Melfort..
298 Hartney Jet. to llartncy
51
s^ssburn Jet. to Clanwllliam
21 Emerson to Rldgevllle
12
llzona Jet. to Brandon Jet
51 Greenway to Adelpha
52
!:andon Jet. to Carberry Jet . .
23 Oak Point Jot. to Oak Point
54
lilta Jet. to Delta
15 Winnipeg Transfer line
6
June 30 1905 (Including 351 miles leased from N. P.)
1,876
Extension of 620 miles from Grandvlew to Edmonton and 100 miles from
nee Albert easterly, were completed late In 1905.
Between 300 and 400
Total.
branch lines In Manitoba; other lines contemplated will bring total
eage approximately to 2.788 miles.
Mileage operated Nov. 1905, 2,099
es.
-See BONDS below and V. 79, p. 2696.
)RGANIZATION. William Mackenzie of Toronto, Senator George A.
and the Canadian Bank of Commerce are floating the enterprise,
he Great Northern Ry. of Canada (see that company) and affiliated
es of
—
:
.
Where Payable, and by
Payable.
%
Whom.
Slocks—Last
Dividend.
Bank Mont, N Y & Mont Jan
London and Montreal
Jan
Aug
4
J
& D
& D
& D
30 London, Toronto
J
& D
30
J
& D
J
J
4
4
4J4
434
4
4
M
F
M
F
M
3
4 g
405,000
540,000
1.000.000
2,200,000
See text.
37,853,333
973,333
34,998,633
3,650,000
8,000,000
89,200,549
g
5
5
4H
AVo
In 1905
4
30
30
London and Toronto
30 London, Eng
do
31-S30
& A Nat Tr Co, Tor or
& N Y
Lond
& N C Bk of Com, NY; or Tor
& A
do
or London, Eng
& S
do
Toronto or Lon
do
do
A & O N Y, Toronto or London
J
& D
do
do
A & O Lond & 59 Wall St, N Y
A & O Company's Office, Lond
6
J
J
5 g
3 34 g J
4
J
&
&
&
&
J Baring Bros
J
do
do
J
J
&
1
1926
1929
Nov 1 1930
June 30 1930
June 30 1930
June 30 1930
June 30 1930
June 30 1930
June 30 1930
Oct 1 1930
Irredeemable
July 10 1953
Feb 1 1919
Nov
Aug
Sept
1
1
1
1906-'12
1907-'13
1906-'14
1906- 1914
1906-'15
1
1908-'16
1
April 2 1906
April 2 1906
Oct
June
3%
2%
Nov
1
Co., Lond. July
1
Montreal
Various
5 g
1
Feb
444H
1955
1
& A Grand Cent Station, N Y Aug 1 1906 IX
Jan 1 1908
& J Union Trust Co, N Y
do
March 1 1913
& S
do
& O Bank of Montreal, Mont Oct 1 1945
4
4
5
5 1909
1956
M
$101,000
£1,823,600
354,000
669,000
«93,900
349,000
£2,240,000
£1,923,287
$2,000,000
1,060,148
—Princi-
When Due
Broad St Station, Phlia July 1906 3%
do
do
Feb 1 1927
$381,925
350,000
3,450,000
4.981,000
1,000,000
150,000
380,000
Worthless.
15,000,000 See text. F
14,000,000
5
J
6,000,000
5
A
130,000
4 e
1,470,(100
"Vdo'&c
RR. & NAVIGATION CO.— Owns Ft. Bragg,
Cal., to Alpine, 23 '4 m.
Mtge. provides for extension from Alpine to head
of Noyo River, 9 m., thence to Wlllits, 9 34 m. Stock authorized, $1,000,000;
par, $100.
Mtge. covers also terminals, railroad wharf and 18,000 acres of
timber land. Bonds are guaranteed, prin. and int., by Union Lumber Co.,
and redeemable at 105 at end of any year in reverse of numerical order. The
present issue matures $20,000 yearly, and remaining $280,000 are to fall due
In equal yearly Instalments.
Sinking fund, see V. 81, p. 1435. Pres.,
Frank Trumbull. (V. 81 p. 1495.)
,
£
£
When
Rate
£100
£53,100
£415,600
£100
£100
£6,200
£100 £1,180,600
500
m
M
—
pal,
$25
1,000
1.000
1897
1889
1905
1904
Perpetual consol deb stock (V 81, p 1609)
First
deb stock $13,000 p
guar by Canadian Gov
First land grant M redeem 110 (V 75, p 183, 549) ..
Imperial Rolling Stock 1st
ser A part due yearly
do
do
ser B to F $210,000 due y'rly
do
do
ser G $45,000 due yearly
do
ser H $60,000 due yearly. ..
do
do
do
ser K $100,000 due yearly _.
do
do
ser L $250,000 due yearly
Canadian Pacific Stock $150,000,000 authorized ._
Preferred stock limited to 4 % non-cumulative
r
Canada Central RR second mortgage (now first) __
Canadian Pacific first mortgage debentures sterling
M
Value.
459
404 1878
404 1883
16 1895
125 1896
287 90 -'99
27 1900
287 1901
M
—
Amount
261
$14,000,000 (Can money). See V 63, p 188
Second
for $6,000,000 (Can money)
do c&r
Leamington & St Clair 1st
gold guar p & 1 (end) _c*
Canada Nor L Man Ry & Can Co $8,000 p ml a
Canadian Nor & Man Dlvs $8,000 per mile
Gilbert Plains Branch $8,000 per mile.
Ontario Div 1st
deb $46,200 are 434s
First
of
Par
Bonds
Size, or
of
Canada
Canada Mich & Chicago
Canada Southern Stock
Date
Road. Bonds.
tables.
Camden &
First
25
1910
1915
do
July 1 1937
July 1 1938
do
Company's Office, Lond. Irredeemable.
passed in 1903 under control of Northern Consolidated Holding Co..
and will afford a through line to Quebec and Montreal. See Great Northern
Ry. of Canada and V. 76, p. 704; V. 79, p. 151, 2454.
The Manitoba lines of the Northern Pacific Ry., 351 miles, are sublet
from the Provincial Government for 999 years from May 30 1901 at $210,000
lines
annually for
first 10 years, then $225,000 for 10 years, then $275,000 for
10 years, and thereafter $300,000, with option of purchase for $7,000,000.
Manitoba Government has option to purchase entire property in 1929.
See below and V. 72, p. 437; V. 73, p. 615.
GRANT. Of the entire land grant, 2,455,466 acres, about
363,000 are held for account of Manitoba Government in connection with
guaranties, 533,000 for account of Dominion Government as security for a
mall contract subsidy, the remaining 1,500,000 to be sold from time to time
through a selling agency; V. 76, p. 1083. SeeV. 75, p. 183,549; V. 81, p. 263.
On May 24 1904, the company, it was stated, agreed to purchase from the
Manitoba Government 256,000 acres of Hudson's Bay land grant for $156
per acre, payable $20,000 cash, balance In 6 yearly Instalments, beginning
Nov. 10 1904, with
interest.
V. 80, p. 710.
STOCK. June 30 1905, authorized, $30,750,000: par, $100; all paid
BONDS. On Winnipeg and Saskatchewan divisions there have been
Issued first mortgage bonds, guaranteed principal and Interest, by the
Government of Manitoba, at $8,000 per mile; also second mortgage bonds,
unguaranteed, $2,000 per mile. See V. 75, p. 1353; V. 71, p. 235.
In July 1903 Canadian Government guaranteed 50-year first mortgage 3
debenture stock, at $13,000 per mile, for the construction of 620 miles from
Grandvlew to Edmonton and 100 miles from Prince Albert easterly. See
"General Finances" below and V. 80, p. 1234; V. 76, p. 1299.
In Dec. 1904, $4,866,666 (£1,000,000) first consolidated mortgage debentures on Manitoba lines, guaranteed, principal and interest, by Government
of Manitoba, were sold, being part of an authorized Issue at $10,000 per
mile.
V. 80, p. 116; V. 78, p. 1274; V. 79, p. 2794; V. 81, p. 1607. In
March 1906 £577,500 additional was listed in London. V. 82, p. 568. In
March 1906 branch line bonds were offered the option of exchange for 1st
.
consol. deb. 4s.
V. 82, p. 691.
In Jan. 1 905 the Manitoba Government was asked to guarantee $2,890 ,000
additional bonds, viz.: $1,000,000 for Winnipeg terminals, a line to Oak
Point on Lake Manitoba and bridge over Assiniboine River and $1 ,890,000
for 189 miles of branches.
V. 80, p. 710.
The Ontario Division 4 34s (see V. 72, p. 338, 437) were mostly in 1902
exchanged for 4s, guaranteed, principal and Interest, by the Government of
Manitoba. V. 74, p. 882; V. 75, p. 1398: V. 71, p. 235.
In 1903-1905 £2,240.000 perpetual consolidated debenture stock was Issued
to acquire securities of controlled properties.
V. 76, p. 1247; V. 77, p. 87:
V. 80, p. 996; V. 81, p. 609. As to Imperial Rolling Stock 5s of 1902, see
V. 75, p. 1353; of 1903, V. 77, p. 1740, 1873; of 1904, V. 79, p. 1041; of 1906,
V. 82, p. 1267. See also V. 81, p. 1550.
Great Northern Ry. of Canada bonds are guaranteed. V. 79, p. 2454.
FINANCES. Late in 1904 and early in 1905 there were sold
$4,866,066 first consolidated mortgage debenture 4s (V. 80, p. 116); £600,000 perpetual consol. debenture stock (V. 80, p. 996); and £1.923,287 first
mortgage debenture 3
stock (V. 80, p. 1234). See also "Bonds" above.
EARNINGS. 11 mos.,1 1905-06. .. Gross, $4,951,000; net, $1,698,
July 1 to May 31.
/1904-0r>_ __ Gross,
3,482,900; net, SI, 126, 200
REPORT. Report for year ending June 30 1905 was In V. 81, p. 1607,
showing gross, $4,190,211; net, $1,545,482; charges, $1 ,128,779; surplus,
In 1903-1904, gross, $3,242,702: net. $1,121,930.
$416,703.
Pres., William Mackenzie; Vice- Pres.. D. D. Mann; Treas.. A. W.
—
LAND
5%
—
—
%
....
.
—
GENERAL
—
%
—
Mackenzie; Sec., W. H. Moore. Office, Toronto, Can.
Directors— Wm.
Mackenzie, D. D. Mann, Z. A. Lash, Frederic Nicholls and J. M. Smith.
(V. 81, p. 1607, 1609; V. 82, p. 568. 091, 1207: V. S.'i, p.
CANADIAN PACIFIC RY. ROAD. Owns a trans-continental railway
from Montreal to the Pacific Ocean, made up as follows July 1 1905:
Montreal to Vancouver
2,905IUnder construction July 1 1905
liranches and auxiliaries
2,120 Operated account of owners.
Leased lines
3,450
Also controlled but oper. sep.
Used Jointly
93|aMlnn. St. I'. & Sault Ste. M
aDuluth South Shore fc Atlantic 565
Total In traffic returns
8,658
a See each company's si
HISTORY. ETC. Incorporated Feb. 18 1881 under charter from'
minion of Canada, receiving {25,000,000 in easli as
also 25,000,000 acres of land, all to be fit for settlement.
In Feb. 1903 15 steam'
for trans- Atlantic service were purchased for L'l ,4 17,500, and In June 1903
acquired Canadian Pacific Navigation Co.. operating to Alaska and Vancouver Island points. V. 76. p. 435, 179. 1.154.
In May 1905 the Esqulmalt & Nanalmo Ry., Victoria to Wellington,
B. C. 78 miles, was acquired.
V. 80, p. 711, 990, 2457.
STOCK. The Issue of preferred must never exceed one-half the common
In 1902 the common stock was Increased from $65,000,
stock.
$85,000,000,and In Oct. 1904 WM authorized to b<
d to $110.000 ,000
of the new stock $16,900,000 being sold to stockholders at par.ralslnr
amount outstanding to $101.400 000. The stockholders voted March 19
1906 to Increase the common stoek to $150,000,000.
Of the new stock
$20,280,000 was offered to the stockholders pro rata at par. payable In
five equal Instalments on July 20. Sept. 20. Nov. 26 1906 and Jai
'O'-k
1907, Increasing the amount outstanding to $121 .oso.000.
V. 82, p.
will be entitled to dividends for half-year ending Dec. 31 1900.
I
—
—
.
.
[
I
—
1
-i
—
I
333.
0!i!
—
.
90-'94
DIVS.
Com.%15yrly.
'93. '96. '97. '98. '99. '00. '01.
2 34
2 J4 4 34
'02. '03.
:>
4
5 34 5
A. & O.)
yearly (2
.'»
'4
'04.
'05.
6
B
1906.
Apr.. 3
Pref. %.tlssucd In 1894.
4%
%
„_^
BONOS, DEBENTURE STOCK. GUARANTEED BONDS. ETC.— In
May 1888 the company relinquished In xeluslve right to operate In Mani<
Boundary, receiving the Dominion Government guaranty of Interest on $15,000,000 of land bonds. These bonds
were a lien on 14,680,100 acres of land. The proceeds of lands covered
thereby are being deposited with the Government from time to time towards
liquidation of the company's liability; to Oct. 1905 $7,000,000 was so detoba
lines to the International
-TSlted.
V. 77, p. 636, 1221;
V. 79. p. 1027
S
RAILWAY STOCKS AND BONDS.
26
RAILROADS.
on
column headings, Ac,
of
first
page of
Date
of
Par
Amount
Rate
Value.
Outstanding
%
Road. Bonds.
tables.
— PrinciDue*.
Stocks — Last
Bonds
Size, or
of
see notes
Vol. lkxxiii
IXTEREST OR DIVIDENDS.
Miles
For explanation
— —
—
—
.
pal,
When
Where Payable, and by
Whom
Payable.
When
Dividend.
Canadian
Pacific
(Concluded)
Securities of Principal Leased, Etc., Lines.
Col Ry $12,000 per mile Int gu., gold
Manitoba S
W
—
—
Atlantic & Northwest
1st mortgage gold guar.c*&r
St Lawrence & Ottawa first mortgage gold see text
Ontario & Quebec stock guaranteed In perpetuity
Ontario & Quebec deben Interest guar In perpetuity
218
350
58
1884
1887
1876
671
191
174
1883
Toronto Grey & Bruce 1st M gold. Interest as rental
1884
c*
New Brunswick Ry 1st M gold lnt from rental
1890
Perpetual consol debenture stock, Interest guar.
1890
Calgary & Edmonton deb stock gold Interest as rent
52 1905
Branch line bonds $ 1 ,040 ,000
40 1903
Lindsay Bobcayg & Pontypool 1st M $700,000 gold
Minn St P & Sault Ste Marie and Duluth So Shore & Atlan tic—
Cane
—
M
Belt
$3,000,000 red'able after 5 yrs gold.
1st
Carolina Central
Bonds See Seaboard Air Line Ry.
Carthage & Adir 1st
$1,600,000 gold gU.Un.c*&r
Carthage Water & Sack Har 1st M gold guar p&l end
—
M
—
Catasauqua & Fogelsville— First mortgage g._PeP.c*
Catawissa — Pref stocks
guar P & R Ry. See text
—
—
%
5
First consol mortgage $2,215,000 gold.-.PePc*
Catskill Mountain— First M, extended In 1905
First Income bonds
rental D L &
Cayuga & Susquehanna Stock 9
Cedar Rapids Iowa Falls & Northwestern See Chlcag
—
%
—
M
W
—
46
29
M
1898
1885
1885
16
34
Roc k
M
M
1892
1891
1898
98
103
gold..Un.c
100
Central Branch
Cent Branch TJ P 1st
288
Central Branch first mortgage guaranteed gold.. Me
312
Central of Georgia Ry 1st
$7,000,000 gold... Q.c* &r
Consolidated mortgage $18,500,000 gold ..M».c*&r 1,472
138
Mobile Dlv 1st
(Columbus to Andalusia) gold. Q c*
MBa.c*
102
Macon & Nor Dlv 1st M $840,000 gold
Ocon Dlv 1st
Brewton to Dover $6,000 p m..S.c*
77
cur. _ Q.c* Text
Mid Georgia & Atl Dlv 1st
$9,000 p
not guar by Cent Ga gold..
21
Eatont Branch 1st
164
Chattanooga Dlv purch money
$2,400,000 g..S.c*
Chattanooga Rome & So 1st
138
$500,000 gold. U.C
M
M
1901
All
m
M
M
Isian
1898
1899
1895
1895
1895
1895
1901
1897
1896
1901
1897
$1,000
$2,544,000
$1,000
1,000
ee statem
1,000
1,000
1,000
1,000
50
1,000
1,000
100 &c
30
& Pacl
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
1,000
1,000
%
107.000.
To the Atlantic
&
Northwest Railroad, crossing the State of Maine, the
till 1906 and
Dominion Government grants a subsidy of $186,000 per year
Canadian Pacific guarantees the balance of interest money.
St. Lawrence & Ottawa bonds are endorsed with the Canadian Pacific's
acceptance of a 999-years' lease at a rental sufficient to pay 4 % interest on
bonds, and the bondholders agreement to accept interest at 4 % (Instead of
6 % as formerly) and to refrain from demanding principal (due 1910) during
continuance of lease.
The New Brunswick Railway consolidated debenture stock has Interes 1
guaranteed by Canadian Pacific; interest on the first mortgage bonds,
though not guaranteed, Is paid out of rental under 990-year lease of 1890.
The Calgary & Edmonton Ry. debenture stock is guaranteed interest at
4 % under new lease of 1903.
V. 76, p. 435; V. 77, p. 636.
The Lindsay Bobcaygeon & Pontvpool Ry. bonds are Issued under a
99-year lease covering the Interest. V. 77, p. 1225; V. 79, p. 2085.
In Feb 1906 it was proposed to apply for authority to guarantee Toronto
Union Station Co. bonds. V. 82, p. 451.
Car trusts outstanding June 30 1905, $3,012,196.
LANDS. Lands unsold June 30 1905 were 10,415,754 acres of Canadian
Pacific grant and 319,527 acres of Manitoba South Western grant, 128,700
Great North West Central grant, 3,542,238 British Columbia Southern and
139,242 acres of Columbia and Kootenay grant; total, 14,545,457 acres.
In addition there will be acquired through the Columbia & Western Ry.
about 2,500,000 acres. Total sales in 1904-1905, 509,386 acres, for
Land sales for
$2,446,300. Tax decision, Feb. 27 1905, V. 80. p. 996.
11 months ending May 31 1906, reported as 904,394 acres for $5,096,399,
against 345,000 acres for $1,583,415 in 1904-5. In Feb. 1906 about 500,000
acres were sold for $2,080,000, payment to be made In Instalments to 1909.
V. 82, p. 451.
As to land-grant bonds of 1888. see V. 75, p. 793; V. 79, p. 1028.
GENERAL FINANCES. In 1902 stockholders subscribed to $19,500,000 new common stock at par, in 1904 to $16,900,000 and In March 1906
$20,280,000 was offered at par payable during the year. V. 74, p. 378; V.
.
—
—
82, p. 333. 691.
Stockholders on Oct. 4 1905 authorized the Issue of consolidated debenture stock at not over £3,000 per mile, to construct extension of Souris
branch, 122 miles, and £800,000 to build 2 new steamers; also the lease of
certain lines and the expenditure of $7,500,000 for equipment.
In Aug.
1905 double-tracking between Fort William, Ont. and Winnipeg, 427 miles,
was begun, at a cost of about $10,000,000. V. 81, p. 667, 1170.
11 mos., "11905-06. ..Gross, $56,192,407; net, $21,035,263
July 1 to May 31.
46,051 ,854; net, 13,972,158
J 1904-05. ..Gross,
For 6 months ending Dec. 31 1905, net $12,187,399, against $9,144,748
In 1904; charges (net) $3,469,850; dividend on common (3 %) $3,042,000;
dividend on preferred (2%), $805,733; balance, surplus, $4,869,816.
REPORT. Fiscal year ends June 30. Annual meeting Is
held at Montreal on the first Wednesday In October.
The report for
1904-1905 in full was In V. 81, p. 895, 902. See also editorial, p. 874.
1904-05.
1903-04.
1902-03.
Miles operated end of year
8,658
8,332
7,748
Passenger earnings
$13,583,052 $12,418,419
$11,001,974
Freight
31,725,290
29,235,821
28,502,082
Mall, express and miscellaneous.
5,173,540
4,814,892
4,453,318
,
F
EARNINGS—
,
,
—
ANNUAL
Total earnings
$50,481,882
$15,475,088
1,584,664
Net earnings
Interest received
$46,469,132
$14,213,105
1,691,269
$43,957,374
$15,836,846
1,286,812
$17,123,658
$17,059,752 $15,904,374
Fixed charges
$7,954,066
$7,052,196
$7,586,097
For steamships, etc
230,000
230,000
150,000
Dividends on common stock ....(6)5,577,000 (6)5.070,000 (5^)4,647,500
Dividends on preferred stock
.(4)1,514,133 (4)1,352,073
(4)1,300.000
.
—
.
.
Balance, surplus
$3,973,962
$1,784,553
$1,666,204
(V. 81, p. 1170. 1174, 1847; V. 82, p. 333, 451, 508, 568, 691, 1267.)
—
CANE BELT RR. Sealy to Matagorda, 93 miles. Branch to Garwood,
Lincoln Trust Co. of St. Louis Is the mortgage trustee.
9 miles, building.
Bonds are Issuable at $15,000 per mile, but all bonds above the $750,000
now outstanding will be In subordination to the lien of the latter on the
present mileage.
V. 77, p. 2338. Stock, $100,000. all acquired In Nov.
190.) by Atchison Topeka & Santa Fe, which leases the road for 50 years
from July 1905. V. 77, p. 2097.
Year ending June 30 1005, gross,
$223,810; net, $47,611.
(V. 77, p. 2338.)
—
fic
&
&
&
June 1906 3 %
Irredeemable.
July 26 2882
London
Aug 1 1934
do
do
Irredeemable.
Can Pac Office, London. 2002
Can Pac Office, Montreal 1955
Bank of Montreal, Toron. July 1 2002
&
New York
Montreal and London.
Morton, Rose, London.
Toronto and London.
Grand Cent Station,
J
J
J
IM
4
5
4
5
4
5
If
text
Ry and Rock
June
1
Dec
1
June
Feb
1
1
1
1921
%
&
!J
Isl
N Y.
1981
do
do
July 1 1931
Philadelphia, Pa.
July 1 1928
Company's Office, Phila May 19 19C6 2 Hdo
do
April 1 1948
Tan Nat Bk.Catsklll.N Y Aug 1 1915
Dlv paid Sept 10 1897
Aug 1 1915
52 Wall Street, New York July 1906 4H
6
2,500,000
3,459,000
7,000,000
16,700,000
1,000,000
840,000
462,000
413,000
168,000
2,057,000
343,000
or St Louis
and Co
Mercantile Trust Co.N
g
g
do
Guaranty Trust
do
do
do
do
do
Savannah, Ga.
Guaranty Trust
Union Trust Co,
g
g
g
g
g
cur
g
g
g
do
Co,
N Y Nov
Nov
Co.
NY
CARSON & COLORADO RY. — See Nevada &
N Y
1
Jan
Jan
Dec
Jan
June
June
1
1
1
July
do
do
do
do
do
1948
1919
1945
1945
1946
1946
1945
1947
1926
1951
1947
1
1
1
1
California, V. 81
,
1242.
p
—
CARTHAGE & ADIRONDACK RY. (See Maps N. Y. Central.)— Owns
from Carthage to Newton Falls, N. Y., 46 m. The entire stock, $500,000, is
owned by the N. Y. Central RR.. which in May 1893 leased the property In
perpetuity and guaranteed its $1 ,600,000 bonds, of which $500,000 were for
— (V. 57, 218.)
N. Y. Central.) — Owns from Carthage to Sackett's Harbor, N. Y., 29 miles.
Controlled by N. Y. Central, which owns $484,100 of the stock and guaranextensions, &c.
p.
CARTHAGE WATERTOWN & SACKETT'S HARBOR RR.— (See Maps
W. & O. for 37 14 % of gross earnings. Rental in
1904-05, $44,855; in 1903-04, $42 090; In 1902-03, $42,525. Capital stock.
tees the bonds. Leased to R.
$465,845
common and
$21,500 preferred.
—
CATASAUQUA & FOGELSVILLE
RR. Road from Catasauqua, Pa to
Rlttenhouse Gap, Pa., 29.5 m. Opened in 1857; In 1890 the Phila. & Read,
acquired control through ownership of a majority of the capital stock of
$420,900 (par, $25). Of the stock $254,125 is owned by Reading Co., $251,625 being deposited as part security for Read. gen. mort. of 1897. Dlvs.
paid in 1903-04, 7%; in 1904-05, 8%; in 1905-06, 8%. For year ending
June 30 1905, gross, $117,638; net, $63,938; deductions, $11,533; dividends,
$29,883; bal., sur., $22,522.
— (V. 81,
CATAWISSA RR. — Owns
,
p. 1492.)
from Tamanend, Pa. to Newberry
Jet.. Pa.,
98 m., and branches, 6 m. Re-leased Dec. 1 1896 for 999 years to Phila. &
Read. Railway. Rental, int. on bonds, 5 % dividends on pref stock, all taxes
and $8,000 for organization expenses. See also V. 63, p. 969, 1116. Of the
pref. stocks, in 1905 $2,200,000 was first preferred and $1,000,000 second
preferred, and common was $1,159,500; par, $50
(V. 72, p. 1187.)
—
CATSKILL MOUNTAIN RY. — Owns
narrow-gauge road from Catskill,
up the Catskill Mountain, to Palenvllle, N. Y., 16 m.; leases Cairo RR.,
Cairo Jet. to Cairo, N. Y., 4 m.; total, 20 miles. Stock, $89,000. There are
also second incomes for $15,600, 6 %. First incomes have one vote for each
$100. EARNINGS.
Year ending June 30 1905, gross, $57,386; net $20,-
—
131; Interest,
CAYUGA
&c, $9,227.
& SUSQUEHANNA RR.
— Owns from
Susquehanna River to
Ithaca, N. Y.. 34 m. Leased during length of charter and renewals thereof''
to the Delaware Lack. & Western at a rental of $54,600 a year. Divs. paid
yearly, with an occasional extra amount; In 1904 9K
was paid.
are 9
%
%
CENTRAL BRANCH RY. — (See Map
—
Missouri Pacific.)
Owns Lenora
to Atchison, Kan., 293 m.; Jamestown to Burr Oak, Kan., 33 m.; branches,
62 m. Stock, $7,585,000. The $3,459,000 1st 4s of 1899 are guaranteed,
prin.and int., by the Mo. Pac. (see V. 68, p. 329) Form of guaranty V. 70,.
p. 279. For calendar year 1904. gross. $1 ,649,048; net, $696,864; other re.
,
ceipts, $7,622; Interest, $238,360; taxes, $97,773; miscellaneous, $13,655;
balance, surplus, $354,698.
(V. 73, p. 31.)
—
— System Includes:
— these
Southwestern
CENTRAL OF GEORGIA RY.— (See
Lines owned in fee.
Savannah to Atlanta
Gordon to Porterdale
Map.)
Miles. Lines leased
(see
.
.
Miles.
cos.)
295
RR.
86
Macon to Eufaula
Columbus to Birm'gham, Ala.
156
Fort Valley to Perry
Columbus to Amerlcus
62
Fort Valley to Columbus.
Smithvllle to Columbia
Montgomery to Eufaula, Ala. ... 80
Columbus to Greenville. Ga
49
Cuthbert to Fort Gaines
Opellka to Roanoke
36 Augusta & Savannah RR.
60
Millen to Augusta
Eufaula to Ozark
Griffin, Ga., to Chat., Tenn. &C.198 Chattahoochee & Gulf RR.
Chlckamauga to Durham
18
Columbia to Lockhart
144
12
.
.
.
.
71
85
21
53
91
18 Trackage
1
138
1.878
102
Total oper. July 1905
77 Also Merdrlm to Lyons, 58 miles,
16
(leased to Geo. & Ala. Ry.
9
Seaboard Air Line sys.)
Ocean Steamship Co., estimated
300
.1,400
equivalent of
Total owned (and oper.)
Extension Is under construction from Greenville to Newnan, Ga., under
charter of Greenville & Newnan Rv. 25 m.; Incorporated In May 1905 with'
$10,000 stock, the present line from Columbus to Greenville, 49 m., to be
made standard gauge- also 10!<J-m branch from near Leeds, Ala. to coal
(V. 80, p. 2457; V. 81, p. 210.)
fields.
The Georgia Cent. & Gulf Ry. was
Incorporated on June 30 1906 to build from Albany, Ga., to Apalachlcola,
157 miles, affording a line from Atlanta via Macon and Albany to the
Gulf of Mexico.— V. 83, p. 9.",.
ORGANIZATION. Organized Oct. 17 1895 and Nov. 1 succeeded to the
properties of the Central RR. & Banking Co. of Georgia, foreclosed, per plan
Chattanooga Rome & Southern was
In V. 60, p. 1008, and V. 61, p. 68
mertrcd June 1 1901. V. 72, p. 074. 721. 987. 1134.
$5,000,000 held by Interests allied with Southern Ry
STOCK.
BONDS. The first mortgage of 1895 (described In V. 63. p. 1160) Is a
first Urn on lie main line from Atlanta to Savannah. Including the Mlllcdgevillc branch (312 m. In all) all equipment and appurtenances, and the equity
In $1,995,000 of the capital stock of Ocean Steamship Co. of Savannah.
,\o dlv. was paid on
Icean Steamship stock In 1905.
V. 81, p. 723.
firsts and consols In V. 63, p, 1 160.
Application for s
The consolidated mortgage (sec abstract in V. 61 p, 873: also see V. 63. p.
160) Is n first lien upon 600 m. (Including former Mont. & Lilian la Ml., Sav.
& Western and Sav. & Atl.l; also on the leases of the South Western and
Augusta & Savannah roads and the stock of New England A' Savannah
Steamship Co., anil a second Men upon the main line, Its equipment. &c,
and also on the Macon & Northern. Mobile & (Jlrard. and other divisions.
it also covers all leaseholds, securities, Ac,
it may be increased to $18,600,000, at not more than $500,000 In any one year, for betterments anil equip-
Savannah to Tybee
Columbus to Andalusia
Macon Junction to Athens
Brewton to Dover
Barnesvllle to Thomaston
Lyerly Branch
.
.
.
—
—
—
.
l
,
CAROLINA CENTRAL RR.— See Seaboard Air Line Ry. Co.
CAROLINA NORTHERN Kk. -See Raleigh & Charleston RR.
CAROLINA & NORTHWESTERN RY.— Owns standard-gauge
Chester, S. ('., to Lenoir, N.
to Ldgemont, .\\ C, 25 m.
J
5
4 g
1,100,000
300,000
135,000
3,200,000
2,215,000
39,000
238,000
589,110 See
,
%
J
4
6
5 g
£858,300
4
£1,121,700
J 3
4 g
$1,040,000
4
J
500,000
4g J
ents of th
ecomipan les.
750,00
58
5 g
J
£1
List of securities held against consolidated debenture stock In V. 81 p. 903.
In June 1890 comnany agreed to guarantee the principal and Interest of
$20,000,000 4%, borWs to be Issued by the Dul. South Shore & Atl.; also
4
Interest on consolidated bonds of the Minneapolis St. Paul & Sault Ste.
Marie, and In 1899 Interest on the second mortgage 4s of the latter, and in
1901 interest on $1 ,254 000 Mineral Range 4
bonds, the last-named being
all owned June 30 1905.
See V, 50, p. 874; V. 51, p. 239; V. 52, p. 608;
V. 68, p. 669, 770; V. 73, p. 556. Owns Dul. S. S. & Atl. consols. $15,-
J
(6)
London & 59 Wall St, NY June 1 1934
Baring Bros & Co, Lond. Jan 1 1937
Can Pac Office. London See text.
&
&
& D
&
J
£100 &c £1,330,000
£50 Ac
£200,000
£100 £2,000,000
£1 £4,007,381
£100
£719,000
£100
£630,000
road.
110 m. Controls Caldwell & Northern Lenoir
Reorganization In 1897 of Chester & Lenoir,
C
foreclosed.
In Mill. 1900 nearly all Stock was acquired by a Syndicate.
Stock authorized. $1,000,000 each of com. and
non cum pref.; outstanding, July
Of the 50 \ ear 1st fold 5s
1905, $854,250 coin, and $.V>n,ooo pref. stock.
due. j iiiy i 1033 (Standard Trusl Co. of New York, trustee) $1,500,000 were
used to retire all underlying bonds ami $1 ,000,000 are applicable to extenNear 1904-05 (iio in. i, gross, $268,527; net,
sions, new equipment, Ac
1106,530; total deductions. $83,864; ha I., sur.. $22,676. I'res., Win. A. Barber, 5 Nassau St., .\. V —(V. 70, p. 893, 1005; V. 76, p. 541; V. 77, p. 348.)
4%
,
<
1
1
1
1
1 1
u.
,
1
1
ment
Macon
A. Northern Division bonds are also direct obligations of the CenRv.. with first lien from Macon .let. to Athens. Ca.. 102 miles.
Middle Georgia A Atlantic Division bonds are Issued at $9,000 per mile.
tral
July,
1906.]
RAILWAY STOCKS AND BONDS.
27
——
—
—
M
F
J
RAILWAY STOCKS AND BONDS.
28
Date
Miles
of
on
column headings,
page of
first
&c,
see notes
M
23
—
M
—
M
M
1
M
registered
do
do
Equipment mortgage Series A & B $420,000 due
do
Series C $350,000 due yearly
do
Par
Amount
Outstanding
1905
1905
1895
1895
1895
1887
$1,000
1,000
1,000
1,000
1,000
1,000
•00-1-5
•02-3-5
1906
1,000
1,000
1890
1,000
'03-'04
117
1900
1903
100
100
100
1,000
l.ooo
58
58
1899
1899
1,000
1.000
53
333
"91
1,349
1,349
103
All
All
yrly
do
Ser D $150,000 y'rly(V81,p 1847)
do
Guaranteed Bonds
Leh & Wilkesb Coal con M guar p & 1 ext In 1900
5s of 1912 sinking fund not guar (not drawn) _FP.e
a Balance, $17,643,000, retained as collateral for notes
—
.
1875
1888
1,000
1,000
by U.
2%
5
3
2
5
ANNUAL
5
9,384,095; net, 2,493,083
length InV. 81, p. 723.919.
1903.
1904.
1905.
$9,396,931
$9,164,470
$10,135,055
6,822,732
6,864,509
7,091,527
269,817
322,877
326,439
Taxes
Net earnings from operation
Other sources
Balance for year
$2,430,206
$1,666,299
425,441
(5)200,000
(2)140,000
1904-05 ...$373,422
—
CHtsrges.
'
Balance.
...
to
—
1
& A
& D
F
g J
Broadway
Q—
M & N
&
J
Liberty Nat Bank,
do
do
do
do
M &
g
M & N
5
do
do
S
Q—
4>A
NY
N Y
do
do
do
do
do
do
J
Q—
Aug
Aug
do
Office 143 Liberty St,
Various
Various
12,175,000
2,691,000
N Y
do
A & O New York
3
In 1905
6
May
Fid I T & S D Co, Phila Feb
Feb
Yearly If earned
120
1929
19
%
l
195;;
1
1
1919
1949
1949
1929
Oct
1954
Aug '06-Feb '09
Aug 1 1906 2
May 1 1908
July 1 1987
July 1 1987
1907 to 1912
To April 1913
To March 1915
1
1
1
%
June
Nov
1
1
1910
1912
b Includ es $1,167 ,000 in treasury July 19 05.
4%
1904-05, gross, $23,861,258; net, $10,581,366; other Inbal., sur.,
—
10
From May 1883 to Jan. 1 1887 leased
Receivers were In possession from Jan. 1 1887
Reorganized In 1887 without foreclosure see plan V.
till January 1888.
Concerning coal properties, see Lehigh & Wilkesbarre in
44, p. 714, 716.
"Supp." of Jan. 1903 (p. 159), and Lehigh Coal & Nav. in "Miscellaneous.'
In Jan. 1901 Reading Ry. acquired $14,500,000 of the stock. V. 72, p. 86,
On June 30 1905 owned $1,600,000 Lehigh Valley
136, 241, 391, 721.
RR. stock. V. 81, p. 971.
$88,524
35,358
—
Oct
HISTORY. —Chartered in
& Reading.
Miles.
Miles.
near
Umbrla to Cecil
103
Branches to San Jose, &c
39
871
Trackage
Lathrop. Cal., to Goshen, Cal.. 146
11
Into Ogden. &c
Rosevlllo Junction, Oal., to
Oregon State Line
296
1,466
Total
ORGANIZATION.— Incorporated In Utah In July 1899 as successor of
the railroad under the plan of readjustment In V. 68, p. 378, by which the
Southern Pacific acquired the entire capital stock and guaranteed the principal and Interest of the new.bond Issues.
Lines owned-
g
g
4g
3H
4g
& A
F
N Y
1849.
to Philadelphia
CENTRAL OHIo;RR.— See B. &;o. RR. Co.; also V. 70, p. 75.
CENTRAL PACIFIC RY. (See Map of Southern Pacific.)
San Francisco, Oal.,
Ogden, Utah..
5
5
Ga
Bk, Savan'h,
Central Trust Co,
1
July 1906 y
2
July 1906 ZV %
2
July 2 1906 2y,
July 1 1930
17
Nesquehoning Valley*
640
Total operated July 1905
•See this company.
There are 263 miles of second and 30 miles of four tracks. In July 1905.
Terminal Ry., 7 miles, was acquired. V. 81, p 506.
New Jersey
$194,804 def.$86,491
1903-04... 847.7.->l
1.18,878
193,458 def. 19,222
OFFICERS. C. S. Mellen of New Haven. Pres.; A. S. May, Treas., and
J.'G. Parker. Sec.— (V. 79, p. 2641; V. 81, p. 506. 840.)
$19,789
Citizens'
luly
To July
—
$600,000 were reserved for Improvements.
30:
Oth. Income.
Savannah, Ga
Savannah and Macon
Savannah, Ga.
Ogden Mine RR*
months ending June
Net.
N Y
NY
—
Is to be held In voting trust for ten years, or until 4 %
paid on general mort. for two years.
Voting trustees, J. P. Morgan, Wm. Rockefeller, Charles F. Choate, Charles F. Brooker and Charles
Lanier.
Common. $3,450,000; pref., 4%. $3,150,000; par, $100.
Gross.
Co,
—
Is
—
&
—
STOCK. — The stock
12 mos.
1,060,000
7,250.000
Blair
—
—
first 5s,
do
CENTRAL RR. OF NEW JERSEY. (See Map Reading System.)
Operates from Jersey City, opposite New York City, westerly to Wllkesbarre and Scranton, Pa., and the neighboring anthracite coal fields; also
southerly to the seashore resorts of New Jersey, &c:
Miles.
Miles.
Lines owned in fee
72 Lehigh & Susquehanna, PhlllipsJersey City to Phlllipsburg
171
82
burg to Union Jet., &c
Sundry branches
5
Wilkesbarre & Scranton*
Entire stock owned
8
Otherlines.
New York & Long Branch RR..
3
38 Allentown Term. (oper. jointly) .
Perth Amboy to Bay Head
Trackage
New Jersey Southern RR., Long
10
76 Union Coal RR
Branch to Atslon, &c
2
141 Lehigh & New England
Other lines (no debt)
5
years)
Branch
Tresckow
Leased (mostly for 999
from Campbell Hall, crossing
the Hudson River at Poughkeepsle by Its own bridge, to Sllvernalls, 58 m.,
and leases and controls Hartford & Conn. Western RR., Hartford to Rhlnecllff, 109 m.; extension from Tarlffville, Conn., to Springfield. Mass., 18 m.,
operated from Sept. 1902; total, 185 m.; also leases Dutchess Co. RR.,
Poughkeepsle to Hopewell Jet., 12 m., and operates Newburg Dutchess &
Conn. RR., Dutchess Jet., N. Y., to Mlllerton, N. Y., 59 m. V. 72, p. 1279;
V. 73, p 337: V. 76, p 435.
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
the
NY
Guaranty Trust Co,
REPORT. — In
CENTRAL NEW ENGLAND RY.— Owns
— 12
Co,
come, $633,892; int.. taxes, sinking funds, &c, $6,223,286;
$4,991,972.— (V. 80. p. 162. 471, 649, 871; V. 81, p. 1174.)
limited to $20,000 per mile; present Issue, $1 ,500,000. (V. 77, p. 517, 2279;
V. 78, p. 1906, 1961.) Stock authorized, $120,000. Calendar year 1905,
gross. $107,513; def. under oper. exp., $19,496. In 1904, gross, $141,845.
Pres., Joseph Robinson.— (V. 77. p. 2279; V. 78, p. 1906, 1961.)
BONDS. — Of
EARNINGS.
&
do
1945
1945
1945
Mayl 1937
To Jan 1910
To Jan 1912
To Feb 1916
1
—
sur $3,506
in foreclosure Oct. 6 1898; V. 68, p. 84.
In Feb. 1904 the New York New
Haven & Hartford RR. acquired a majority of the stock and $5,100,000
of the $7,250,000 Income bonds; V. 78, p. 701, 768. Owns $1,390,000
Hartford & Conn. Western stock.
Blair
1
1
—
OFFICERS.— Pres., J. F. Hanson, Macon, Ga.— (V. 83, p. 36, 93.)
CENTRAL MASSACHUSETTS RR. — See Boston & Maine RR.
CENTRAL INDIANA RY. — Muncle to Brazil, Ind., 127 m., of which 10
m. trackage. V. 76, p. 653. Controlled by Cleve. Clncln. Chic. & St. L. and
Penn. RR. Interests. Bonds guaranteed by Cleve. Cln. Chic. & St. L., are
Interest
5g
3H & 6
Various
4^ g F & A
Nov
Nov
Nov
LAND GRANT. Total land grant was about 12,000,000 acres, of which
about 7,722,049 acres remained unsold on June 30 1905. Sales In 1903-04.
190 acres; cancellations, 6,984 acres. Land contracts July 1 1905 principal, $544,791; average price per acre, $16.13.
$2,264,334
$1,663,900
396,928
(5)200,000
def $1,533
1
1
%
$2,071,921
192,413
sur $104,517
Rentals and miscellaneous
Dividend on 1st Incomes
Dividend on 2d Incomes
Dividend on 3d incomes
$2,209,545
220,661
$2,965,453
$1,672,044
438,892
(5)200,000
(5)350,000
(5) 200 ,000
Total net Income
Interest on funded debt
$2,717,088
248,364
1
'25
Sep '06-Sep '25
%
mos. ,1.1905-6, Gross, $10,546,860; net, $2.959, 374
Years ending June 30
Gross earnings
Total operating expenses
Guar Tr Co, N Y or Sav
do
do
do
do
M & N Guaranty Trust Co, N Y
do
Mo & qu
do
Oct
Oct
Oct
Feb '07-Aug
BONDS. First refunding M. gold 4s, $100,000,000, secured by all the
railroads, terminals and equipment now owned. Including about 1,349
Of the authorized issue, $17,643,000 is held by
miles of first track, &c.
See Abstract, V. 69, p. 808,
notes.
the United States as collateral for 3
and V. 70, p. 739; V. 78, p. 228.
Thirty-year gold 3J^s, $25,000,000, secured by a second Hen upon aU the
properties covered by the 1st ref. mortgage, and also by deposit with the
Trustees as acquired of aU securities and moneys held In any sinking fund
of the Central Pacific Ry., consisting July 1 1905 of $8,842,320 In securities and $314 cash, and by a trust deed upon all the lands covered by the
mortgage dated Oct. 1 1870. See Mortgage Abstract, V. 69, p. 858; also
see p. 851.
From the proceeds of these sinking funds and land sales cancellation of bonds will be made from time to time; in Feb. 1900 $2,505,000
3!^s were canceled, and to July 1905 $3,924,500 additional had been canceled .reducing those outstanding to $17,493 .000. V.70,p.739; V. 70. p. 1194.
Twenty three- per- cent notes, aggregating $58,812,714, Issued to the Government In settlement of subsidy debt; $41,168,898 paid, leaving $17,643,816 to mature, $2,940,635 half-yearly hereafter to Feb. 1909. First refunding 4s are deposited to retire them.
guar, bonds on the Lucln cut-off,
In Oct. 1904 $8,300,000 fifty-year 4
Ogden to Lucln, Utah, 102 m., forming part of $10,000,000 authorized,
was sold. They are redeemable at 107 !4 on Oct. 1 1909 or any Interest
day thereafter. V. 79, p. 1641. Form of guaranty. V. 80, p. 162.
May 31.
J 1904-5, Gross,
REPORT. —Report for 1904-05 at
to
N Y
Co,
%
served. V. 72 p. 1134; V. 78. p. 1446.
1
>
& A Guaranty Trust
S New York
F
%
was In V. 45, p. 242.
The Chattanooga Division mortgage Is a first Hen on the former Chattanooga Rome & Southern RR., Carrollton, Ga., to Chattanooga, Tenn., 138
miles, and Durham to Chlckamauga, Ga., 17 miles, with branches, In all 164
miles, subject to $343,000 old 5s, for which a like amount of bonds Is reJuly
>
Dividend.
M &
in 1905
In 1905
In 1905
>
—
Collateral trust mortgage abstract
LATEST EARNS.— 11
Whom.
When Due.
STOCK. (1) Common stock, $67,275,500, all held by So. Pac. Co.
cumulative, authorized Issue $20,000,000, to be
(2) Preferred stock,
delivered to So. Pac. Co. In consideration of issue of equal amount of So.
Pac. Co. 4
collat. trust gold bonds; of which delivered on completion of
readjustment, $12,600,000; reserved to be delivered only to provide addinotes to the United States,
tional funds, if required, for the payment of 3
and thereafter only for betterments and additions, $3,000,000; reserved
to be delivered for Improvements and additions at not over $200,000
yearly, $5,000,000; outstanding. $13,000,000.
23^5
0000000025
0000000005
\\i
Where Payable, and by
1,000,000
717,000
1,022,900
5,191,100
436,400
368,000
1,500,000
Gove rnment.
S.
'96. '97. '98. '99. '00. '01. '02. '03. '04. '05.
.
4g
4g
500 &c a82, 233,000
500 &c 17,493.000
1,000 &C
8,300,000
17,643,816
100 27,431,800
1,000
34,000
1883
500 &Cl b45,091,000
1887
500 &cf
1887
'99-'02
2,010,000
1,000
1,000
2,450,000
1903
1905
1,000 NoneMay06
—
.
$570,000
585,000
4,000,000
7.000,000
4,000,000
4,880,000
223,904
1,280,000
969,000
When
Payable.
Rate
1899
1899
1904
1899
of which $8,000 was for purchase of road and $1 ,000 retained by Cent, of
Ga. for betterments; subject to the Eatonton Branch bonds, $168,000 on 21
(V. 65,
miles, the firsts of 1897 cover the 65 miles of M. Ga. & At. Division.
p. 823; V. 64, p. 180; V. 65, p- 324.)
The preference income bonds, subject to the prior mortgages, cover the
main line and the former Savannah & Western, Columbus & Rome. Montgomery & Eufaula. Mobile & Girard, Macon & Northern and Savannah &
Atlantic and other railroads, and their equipment. &c; also all leaseholds,
securities and equities of properties acquired by the new company. They are
non-cumulative and bear Interest not exceeding 5 % in any one fiscal year,
but payable only out of net earnings as declared and secured by the deed of
trust.
In Oct. 1905 It was arranged to attach coupons to Income bonds.
V. 81, p. 974, 1174
Upper Cahaba Branch bonds are secured by coal lands In Northern Alabama. V. 81, p. 920, 1099.
.
pal,
Value.
of
of
Bonds
Size, or
Road. Bonds.
tables.
(Concluded)
Central of Georgia Ry.
l
gold red 102 A --N
Upper Cahaba purchase money
Greenville & Newnan first mortgage gold red 102 M N
Mp
1st pref incomes! Interest up to 5%.
Ce
2d
do
do } gold If earned
Ma
non-cumulative
3d
do
do I
Central RR & Bk coll tr bonds gold red at 110-Ce.c*
Equipment trust notes Apr 30 1906
Locomotive & car trusts payable $131,000 s-an..c
Equip trust ser H $51,000 s-a (V 82 p 217)
Guaranteed, &c, securities.
Ocean SS Co first mortgage gold guaranteed- .Ce.c*
Steamship bonds g ass'd by O SS Co $69,000 due s-a
Augusta & Savannah stock (no bonded debt)
Southwestern Railroad stock (no bonded debt)
Chattahoochee & Gulf stock..
First
gold $2,000,000 int rental s f red at 102 }<i
Cent Indiana— 1st M $4,000,000 guar p&l end.Ce.c*&r
Central Massachusetts See Boston & Maine RR.
Central New Eng— 1st
$1,250,000 call 105..FP.C
FP.r
General M 5% Incomes $7,250,000
Central Ohio— See Baltimore & Ohio.
Central Pacific
1st ref
$100,000,000 gold guar p & 1 end.. Ce.c* &r
Us.c'&r
3!^s $25,000,000 gold guar p & end
Q.C&r
Mortgage on Lucln cut-off text
Notes for U S debt due $2,940,635 half-yearly
Central RR of N J— Stock ($30,000,000 authorized) ..
Convertible debentures convert Into stock till 1907
for $50,000,000 gold.Ce.c&r
Cent RR of N J gen
DIVIDENDS.
On 1st preferred Incomes.
On 2d preferred incomes.
On 3d preferred incomes ...
—PrinciStocks — Last
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
[Vol. lxxxiii.
DIV.— V91.
P. c J6<A
'92 to '94. '95.
7 yearly.
—
96
5H
BONDS. — For
5
'97. '98. '99.
4Ji
(10.
4
4
5
•01.
5
1902 to
Aug
'06.
8 yearly (Q.-F.)
general mort. abstract see V. 45, p. 402.
mortgage Is for $15,000,000; the bonds, formerly 7s, oj
which $12,175,000 have been issued, were in 1900 extended at AY, % and
guaranteed principal and Interest. See guaranty, V. 71. p. 26.
Jointly and severally with the Lehigh Coal & Nav. Co. guarantees $1 ,002,000 Lehigh & Hud. Rlv. Ry. Gen. 5s, prln. and Int. See V. 67, p. 788.
The
L.
& W.
coal
EARNINGS. — For
—
11
months ending May
31:
Bal., sur.
Charqcs.
$3,584,027
$10,195,819
$6, (ill, 792
$21,883,888
3.063,512
6,773.350
9,836,862
20,073,526
l!)O4-05
Charges In 1905-08 Include (1,470,257 for additions and improvements,
against $1,488,390 the previous year.
11
mos.
Net.
Gross.
1905-08
ANNUAL REPORT. — The
—
Earnings from
Merchandise
Coal
Passengers
Express and mall...
Miscellaneous
Total gross earnings
Net earnings
Other Income
Total|net Income
report for 1904-05 was In V. 81, p. 971.
1903.
1904.
1905.
$7,471,038 $6,960,722 $6,868,077
6,054.769
7.885.388
7.741,409
3,045,331
3,280,877
3,441,202
303.770
330.287
353,451
85.203
102.657
108.037
rail lines
$19,259,117 $18,421,952 $16,357,156
$9,282,626 $8,576,373 $0,342,345
1,307,794
1,497.205
1.566.345
_
1
$10,848,97i:*.$10,073,038
$7,850,139
July, 1906,
RAILWAY STOCKS AND BONDS.
2i)
,
RAILWAY STOCKS AND BONDS.
30
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
on
RR
of column headings, &c.
first page of tables.
Date
of
of
see notes
Am
of
—
— —
—
,000,000
—
M
—
40
7
...
Gold nous 51
First M $12,000,000 gold traffic guaranteed. AB.c&r
Car trusts $15,000 or $16,000 due quarterly
Montreal & Province Line Ry 1st M guar p & 1
c
Charleston & Savannah See Atlantic Coast Line RR.
Charleston Terminal 1st M $1,000,000 gold_.S.c*&r
Charl & West Car
1st M gold ($8,000 p m) ..Ce.c*&r
—
All
40.6
——
Amount
Rate
Value.
Outstanding
%
22
Char tiers Stock
"23
c*
First mortgage $625,000 gold
10
Chat & Lake Placid— Sar & L Placid 1st M gold Ce.c*
10
Chattahoochee Valley First mortgage $110,000. .AB
34
Beach First mortgage $1,000,000 g.N.c*
Chesapeake
Co)
Chesapeake & Ohio Stock (transfer agt
Ce.c*
428
Mortgage 6s gold Series A
Ce.c*
75
do Series B__
do
\
75
First mortgage of 1911 Peninsular Extension gold.c*
8
Terminal 1st M 1922 covering 8 miles to Phoebus g.c*
664
First consol mortgage for $30,000,000 gold_Ce.c*&r
241
Richmond & All Dlv 1st cons M gold (see text) .Ce.c*
241
Second cons M Rich via Lynchb to Clifton F..Ce
mortgage gold.. ..Ce.c*
26
Craig Valley Branch first
25
Warm Springs Branch first mortgage gold Ce.c*
General mortgage (fo>- $70,000,000 &c) gold. .Ce.c* 1,174
Ce.c*
21
Paint Creek Branch 1st M $750,000 gold
c Guaranteed jointly with Lehigh Coal & Naviga tion C
— —
—
$1,000
1,000
1,000
500 &c
100 &c
1,000
500
100 4c
100
Various
1,000 &c
1
50
1,000
1,000
1,000
1,000
100
1,000
1,000
1,000
500 &c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1878
1881
1881
1882
1889
1890
1890
1890
1890
1892
1905
1
1
Rentals paid
Taxes
Renewal funds, &c...
Dividends
sur.$141 ,016 sur. $467 ,594
Balance, surplus
p. 1641, 2642; V. 81, p. 506, 971, 1241, 1847.)
— (V. 79,
def.58,468
CENTRAL RR. OF PENNSYLVANIA. — Owns
Bellefonte (Penn. RR.)
to Mill Hall, Pa. (Penn. Div. of N.Y.C.& H. R. RR.) 27 miles; branch, 5 m.
Current liabilities June 30 1905, $628,799. For year 1904-05, gross, $81,773;
net, $20,956; charges, $40,112; deficit, $19,156. Stock. $1,200,000; par, $50.
,
CENTRAL RR. OF SOUTH CAROLINA. — Owns
from Lane, S. C, to
Leased to
40.2 miles, spurs, &c, 1.61 m.; total, 41.81 m.
Coast Line RR.; rental, $31,000 yearly and taxes. Stock,
Atlantic
$170,000, par $50. In 1904-5 rental $31,000; gen. exp., $267; int., $18,000;
(V. 64, p. 887.)
divs. (7.60%), $12,920; bal., sur., $187.
CENTRAL & SOUTHEASTERN RY.— Projected from Chanute, Kan.
to Memphis, Tenn., 425 m., of which Chanute to Joplin Mo., 75 m., reOf the bonds ($2,250,000 authorported under construction in May 1906.
ized isjsue) a block was offered; $48,000 was reserved to retire the Arkansas
V. 82, p. 1210. Stock authorized, $2,250,000;
Missouri & Kansas bonds.
Office, 273 5th Av., N. Y.
Pres., Albert N. Hoxle.
V.82,
par, $100.
Sumter,
S.
C
—
—
Whom.
at north end
of Lake Champlain, to New London, Conn., with branches 531 miles in all,
New London & Northern (see that co.)
of which 218 miles leased, viz.:
157 miles; Montville Br., 3; Montreal & Province Line Ry., 40.
ORGANIZATION. — Succeeded May
1
1899, per
amended plan
In
V. 67,
the Central Vermont Railroad, foreclosed. V. 68, p. 1076.
The Grand Trunk Ry. holds $2,185,100 of the $3,SECURITIES,
000,000 stock, and under a traffic contract will make good any deficiency
In earnings to meet Interest on the new firsts up to 30 % of Grand Trunk
gross receipts from traffic interchanged.
REPORT. For year ending June 30 1905, In V. 81, p. 1488:
Net.
Oth. income.
Charges.
Year
Gross.
Bal., sur.
$10,840
1904-05.. $3,557,776
$666,279
$673,449
$3,670
10,840
1903-04.. 3,524,291
659,593
667,787
2,646
Pres.. Charles M. Hays; Clerk and Treas., W. H. Chaffee, S
Officers.
Albans, Vt.— (V. 80, p. 468; V. 81, p. 1174, 1488.)
CHARLESTON & SAVANNAH RY. See Atlantic Coast Line RR.
CHARLESTON TERMINAL CO. ROAD.— Owns terminal road In
Charleston, S.
3 miles; double track laid with 60-lb. steel.
Company also owns 14 wharves, 30 warehouses, about 30 acres of land,
4 cotton compresses, &c, on the city's water front, these being connected
by its own road with the other railroads entering the city. A reorganization
of the East Shore Terminal Co.'s RR., foreclosed July 14 1903; V. 77, p. 146,
Stock. $200,000, owned jointly by Atlantic Coast Line RR. and
298.
Southern Ry. Of the bonds, $200,000 are reserved for future purposes
Pres.. Wm. E. Huger; Treas., R. D. Lankford; Sec, Henry Fraser.
(V.
p. 735,
&c—
—
—
—
C
—
77, p. 298.)
EARNINGS. — Gross,
year ending June 30 1905, $181,493; net, $84,689;
total deductions, $41,273: bal., sur., $43,416.
(V. 77 p. 146.)
CHARLESTON & WESTERN CAROLINA RY. Port Royal, S. C, via
Augusta, Ga., to Spartanburg, S. C, 245 m.; branches to Anderson and
Greenville, S. C, 94 m.; leased, 2 m.; total, 341 m. A consolidation Oct. 3
1896 after foreclosure sale. Entire stock and portion of Income bonds were
acquired by Atlantic Coast Line In Dec. 1897. V. 66, p. 38, 335.
STOCK. $1,200,000; par, $100. See Augusta Term. Ry., V. 66, p. 383.
EARNINGS. For year ending June 30 1905, gross, $1,250,920; net,
$278,891; other Income, $13,565; lixed charges, $218,056; surplus, $74,401.
Pres.. J. B. Cleveland, Spartanburg, S. C; Sec, R. D. Cronly, Baltimore,
—
—
—
Md.— (V. 73. p. 1207.
CHARLOTTE MONROE & COLUMBIA RR.— McBee,
S.
C, on Seaboard
Air Line, to Jefferson, 22 m. Stock, $48,000. The Richmond Trust & Safe
Deposit Co Is mortgage trustee. V. 75, p. 1030. For year ending June 30
1905, gross, $30,870; net, $15,387. Pres. .Ernest Williams.— (V.75,p. 1030.)
CHARTIERS RY.— Owns from Carnegie, Pa., to Washington, Pa., 23 m.
Leased till 1971 to the Pittsburgh Cincinnati & St. Louis (now Pittsburgh
Cincinnati Chicago & St. Louis); the rental Is net earnings.
Capital stock, $645,300 (par $50); Pennsylvania Co. owns $333,850.
'92. '93. '94. '95. '96. '97. '98. '99-02.
*03. '04. '05. 1906.
DIVDS.
10
10
8
9
10
Since 1891 % 8
10
7 y'rly.
8
8
10 Apr. ,5
EARNINGS. For year ending Dec. 31 1905, gross, $711,237; net, $236,440; other Income, $12,264; Int. and other charges, $35,985; dividends, $04,(V. 73, p. 615; V. 80, p. 1234.
530; bal., sur., $148,189.
—
—
—
—
CHATEAUGAY & LAKE PLACID RY.— (See Map
Del. & Hudson.)
Placid, 80 miles, of which Platts-
Operates from I'lattsburg, N. Y., to Lake
burg to Dannemora, 16 miles. Is leased from State of
free transportation of freight to the State's Prison at
New York
for $1
and
Dannemora, and balance owned. Standard gauged In 1903-04. V. 78. p. 985. A consolidation
In July 1903 of the Chateaugay Ry., the Chateaugay RR. and the Saranac
& Lake Placid HI!.; V. 77. p. 249.
Stock, (2,450,000, of which $2,000,000 Is 4 % pref., the latter all owned
by D. & H. V. 79. p. 2696. Leased to the Delaware & Hudson until Dec.
31 2403, any balance over expenses of operation, Interest, taxes, maintenance, damages, dividend on pref. stock, &c, to go to the lessor. The lease
Is subject to revision at 5-year Intervals after Jan. 1 1908.
either party. V.8I. p. 613. There are also $24,000 Saranac
1 1913.— (V. 81, p. 613.
2d 5s due Nov.
:
$4,987,000
5
1,891,000 4 & 5 g
1,062,000
5 g
600,000
6
300,000
6 g
300,000
6 g
150,000
6g
See text.
5 g
3,000,000 $2,185.1
5 g
817,939
11,000,000
4 g
543,000
4H
200,000
4 g
800,000
2,720,000
2,380,000
600,000
70,000
645
625
120
110
1,000
62,799
2,000
13
2,000
142
25,858
6,000
1,000
650
400
41,573
525
300
000
000
000
000
100
000
354
000
000
000
000
000
000
000
000
000
&
J
J Liberty
M & S
& J
M & N
Dividend.
Nat Bank,
N Y
do
do
National Exch Bk, N Y
Fid J Tr & S D Co, Phlla
& J Amer L & Tr Co, Boston
J
J
& JCuyler, Morgan* Co, N Y
J
& J Colonial Trust Co, Pitts
&
Lincoln Trust Co. N Y
J
00 held b y Grand Trunk Ry of Can
Semi -an R Benson & Co, London
Q F Amer L & Tr Co, Boston
J
.1
—
Q— M
!
|
i
5
J
g
&
M &
4H g M &
5 g
4g
F
1
1
1
May
1
July
July
1
1
1
Jan
Jan
1
1921
1941
1920
1943
1935
1921
1926
1956
ada.
Various
1911
May
1
1920
Sept'06-Mar '15
Amer L & Tr Co, Boston Oct 1 1950
A & O
IJ
4 g
& J 'Standard Trust Co, N Y
A & O Central Trust Co, N Y
5 g
5
Guar Tr, N Y, if earned
Oct
A & Oi Central Trust Co, N Y
6 g
A & O Rich T & S D Co, Rich.V
5 g
10 In' 05 A
& O Co.'s Office, Pittsb'gh Pa
do
do
3^ g A &
(6) g
M & N 21 Cortlandt Street, N Y
5
Amer L & Tr Co, Boston
J
&
5 g
J
& J In default
n 1905 Year ly J P Morgan & Co, N
do
A & o
do
6 g
do
M & N
do
6 g
6 g
do
A & O
do
do
do
6 g
J
& D
do
M & N
do
5 g
do
4 g
J
do
& J
do
do
J
4 g
& J
1
July
Sept
July
do
do
do
J
S
S
& A
do
do
do
July
1
Oct
Oct
1
1
April
1
Oct
1
1953
1946
1946
1947
1932
1906 5%
1931
Nov 1 1913
July 15 1920
July 1 1923
Nov 29 1905 1 %
July 1 1908
July 1 1908
Jan 1 1911
June 1 1922
May 1 1939
Jan 1 1989
Jan 1 1989
July 1 1940
March 1 1941
March 1 1992
Feb 1 1945
Apr
Oct
2
1
CHATHAM & LEBANON VALLEY RR. — See Rutland RR.
CHATTAHOOCHEE & OULF RR. — Columbia, Ala., to Floralla,
92 m.
V. 71, p. 806; V. 75, p. 848, 1146.
LEASE. Leased in 1900 in perpetuity to Cent, of Georgia Ry. for 6 % on
$436,400 stock and $368,000 bonds, of which 1 % to be used as a sinking
fund for retirement of bonds, upon completion of which rental will be 5 % on
stock, payable J. -J.
See Cent, of Ga. Ry.— (V. 77, p. 2279; V. 81, p. 1722.)
—
—
CHATTAHOOCHEE VALLEY RR. West Point, Ga., to Jester, Ala.,
16'^ m. Stock authorized, $1,000,000; outstanding, $110,000; par of shares,
$100. Bonds, see table above. For year ending June 30 1905, gross, $34,701;
net, $17,142; charges, $6,802; bal., sur., $10,340.
CHATTANOOGA SOUTHERN RR. Owns road, completed in June 1891,
from Tennessee State line to Gadsden, Ala., 87 m.; Round Mt. branch, 3 m.;
trackage to Chattanooga, 5 m.; sidings and spurs, 10 m.; total of all track,
105 m. Successor to Chattanooga Southern Ry., sold In foreclosure Feb. 14
1895; plan in V. 61, p. 830, but in Apr. 1906 the new bonds had not been
issued. The new lsts were to be $5,000 per mile on present mileage and
$10,000 on extensions: and the income mort. 5s, $750,000. V. 63, p. 401.
Stock, $3,000,000, of which $750,000 preferred; par, $100.
Gross, $125,678; net, $9,031
EARNINGS. 11 mos., 11905-06
Gross, 110,686; net, 7,050
July 1 to May 31.
J1904-05
Year ending June 30 1905 gross. $120,482; net, $11,797; total deductions,
$6,359; bal. sur., $5 438
Sec, E. C. Osborn 31 Nassau St., N. Y. (V. 63, p. 823.)
—
—
—
—
RY. Washington, D. C, to Chesapeake Beach,
Md., 34 m. In July 1905 David H. Moffat obtained judgment on a promis-
CENTRAL RY OF SOUTH CAROLINA— V. 82, p. 927.
CENTRAL VERMONT RY. — Operates from Rouse's Point,
—
Where Payable, and by
CHESAPEAKE BEACH
p. 1210.)
—
When
Payable.
o.
1904.
1905.
1903.
$2,830,206 $2,866,490 $2,843,308
2,456,148
2,528,305
2,406,994
415,887
458,041
473,951
2,697,702
1,665,146
(8)2,193,704 (8)2,193,464 (8)2,193,264
on debt
&c
1,000 &c
1,000
1,000
1,000
1,000
1901
1893
1900
1898
JPM4
,000
100
1903
1896
1896
1897
1902
340
1
—
—
—
1908
1899
1905
1900
,
Q.c
Income M gold non-cum ($7,000 per mile)
Augusta Terminal Ry 1st M gold guar p & end. _Ce
1st M $70,000 gold..
Charlotte Monroe & Columbia
Charlotte Columbia & Augusta See Southern Ry.
Interest
Par
1881
1891
1890
1893
1905
1881
1906
1906
When Due.
pal,
N J
38
— PrinciStocks — Last
Bonds
Size, or
Road. Bonds.
(Concluded)
Dock & Imp Co 1st M guar redeemable at 110-C*
N Y & Long Branch pen M gold ($192,000 5s) ..Ce
Lehigh & Hud Rlv gen M gold guar jointly -.Ce.c*
Central RR of Pennsylvania
1st
$1 ,200,000 _.FP
Cent Ry of Oregon 1st M $2,000,000 g red text. AB.c*
Iirst mortgage gold c
Central RR of South Carolina
CP
Cent Ry of S Car 1st M $150,000 g gu red
Central & Southeastern
First M $2,250,000 gold
Central Vermont Stock $3,000.000
Central
[Vol,, lxxxiii.
on request of
& Lake
Placid
sory note for $1,222,800. Foreclosure suit begun; interest alleged in default
since 1901.
V. 81, p. 263, 974. Stock, $1,000,000; par, $100. Pres.,
Syl. T. Smith; Sec, Paul Y. Waters. Office, 1416 New York Ave., Wash.,
D.
(V. 81, p. 263, 974.)
C—
—
RY. (See Map.)— Operates from Newport
News, Va., and Washington, D. C, to Cincinnati, O., with branches.
Miles.
Miles.
Lines owned in fee
Bridge Covington, Ky., to CinOld Point Comfort and Newport
cinnatl, Ohio
2
News, via Charlottesville to
CHESAPEAKE & OHIO
—
I
|
—
20
512 Garrison to Carter, Ky
Ky
Lines leasedvia Lynchburg to Clif25
230 Sundry branches leased
Forge, Va
ton
84
393 Trackage to Louisville
Branches in Va. and W. Va
85
Trackage to Washington, D. C.
Lines controlled by slock, &c.
31
Other trackage
Big Sandy River to Covington,
150
Ky
103
Total system June 30 1 905 ... 1 ,708
Denton Ky to Lexington
200
74 Second track
Branches In Kentucky
ExAlso owns one-sixth interest In the Richmond-Washington Co.
completed Oct.
tension from Whltehouse, Ky., to Elkhorn City, 77 m., was
1905.
V. 81, p. 910.
HISTORY, &c In 1888 reorganized without foreclosure, and the road
extended to Cincinnati. The consolidation with the Richmond&Allegheny
was consummated in Jan. 1890; with Ellzabethtown Lexington & Big Sandy,
&c, in 1892, and with Greenbrier and other roads in 1903. In June 1906
various subsidiaries were merged under the name of the dies. & Ohio Ry.
V. 82, p. 1322.
in Kentucky.
CAPITAL STOCK. Common stock authorized, "unlimited"; outstand
Ing, $62,790,700; Increased from $40,000,000 to this figure since 1892
through exchange of practically all the $25,000,000 of preferred stocks for
common stock and general mortgage 4H per cents In certain proportions,
and acquisition of stocks of other companies. V. 77, p. 450, 768. Pref.
V. 54, p. 642.
stock, for $8,400 only, was outstanding Apr. 30 1906.
Stock may be reduced by majority vote. V. 70, p. 175.
DIVIDENDS. 1899 to 1905, both inclusive, 1% yearly Nov. 30. As
to demand for larger dividends, see V. 82, p. 750.
BONDS. Abstract of consol. mortgage of 1939 In V. 49, p. 147: of Richmond & Allegheny mortgages. In V. 51, p. 144.
The general mortgage of 1892 (Central Trust Co. and H. T. Wlckham,
trustees) Is for $70,000,000, but additional amounts at $25,000 per mile may
be Issued for double-tracking. Of the $70,000,000 as above, $32,691,000
bonds were reserved to provide for the $30,000,000 consols of 1889, Issued
or to be Issued, &c The balance unissued may be sold for new acquisitions,
rolling stock, &c, 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 proceeds of the bonds. See full abstract of mortgage In V.
In July 1906 $41 ,573,000 had
54 p 644- also V. 54, p. 612; V. 55, p. 335.
been listed on N. Y. Stock Exchange. V. 76, p. 381; V. 77. p. 710, 1532;
V. 78, p. 701, 988, 1108; V. 80, p. 1423; V. 81, p. 1314.
The Louisville & Jeffersonville Bridge bonds, of which $3,000,000 are outstanding, are guaranteed jointly and severally by the Chesapeake & Ohio
and Cleveland Cincinnati Chicago & St. Louis; any deficit on account of
the bridge Is payable by them In the proportion of one-third and two-thirds
respectively
see V. 60, p. 130; V. 61, p. 327,559: V. 62, p. ,84 and separate
statement for Louisville & Jefferson vllle Bridge Co
Of the Greenbrier Ry. 4s of 1900, guaranteed prln. and Int. and assumed In
1903-04, $1,000,000 are reserved for extensions and Improvements. See
guaranty, V. 72, p. 626; see also V. 71, p. 554, 602: V. 79, p. 915. Of the
Big Sandy 4s of 1904, $1 ,000,000 Is reserved for extensions. V. 79, p. 917;
V. 82, p. 270. Form of guaranty, V. 81, p. 668.
Of the Coal River 4s of 1905, $600,000 has been Issued on the 22 miles from
St Albans to Holly, \V. Va.. and $900,000 additional bonds will be Issued
for 45 miles under construction: the remaining $1,500,000 Is reserved for
extensions and Improvements. V. 80, p. 2219.
Of the Paint Creek Branch 4s of 1905, $225,000 Is reserved for extensions.
V. 81, p. 974,910.
the car trusts, series 11, cover equipment costing $2,343,120, Including
25 locomotives, 1 ,000 steel gondolas, 300 wooden box-cars, 400 wooden gondolas, &c; series C, 1.000 gondolas; series D, 50 locomotives and 1 ,000 gon-
Ashland,
Richmond
—
,
.
,
—
—
—
—
—
.
.
July,
—
—
K
.
F
J
.
RAILWAY STOCKS AND BONDS.
L906.J
Miles
of
column headings, &c.
page of
first
of
see notes
Date
of
Road. Bonds.
tables.
Chesapeake & Ohio — (Concluded)
Klneon Coal mortgage assumed redeem beg Oct 1905
Greenb & New Riv RR 1st M g ass'd (V 75, p 562)
Greenbrier Ry 1st M $3,000,000 gold assum'd.Col.c*
—
Car contracts payable monthly on 300 cars
Car trusts on 25 locomotives and 1 ,000 cars pay ann
Car trusts Ser B gold $200,000 due yearly ...Q P.c*
Car trusts Ser C gold $50,000 due semi-annually
Car trusts Ser D gold $200,000 due yearly
Car trusts Ser E gold $50,000 due semi-annually
Car trusts Ser F gold $35,000 due semi-annually
Car trusts Ser G gold guar $90,000 due seml-ann
Car'trusts Ser H gold guar $80,000 due s-a.-FP.c*
Guaranteed Bonds.
Ce.c*
Elevator Co first mortgage gold p & 1 guar
Second mortgage for $500,000 Income non-cu._c*
C&OSS IstMdeb red par gu p & 1 $10,000 called yrly
Lo & Jeff Bdg 1st M $5,000,000 guar p & end..c*
Norfolk Term & Trans 1st M (V 67 p 322) guar p &
Passenger & Belt Ry (Lex, Ky) 1st M g extend ln'Ofi
Big Sandy Ry first mortgage $5,000,000 gold.. Ce.c*
Ce
Coal River first mortgage $3,000,000 gold
N
RR 1st M gold
Chesapeake Western C &
B.c*
Chesapeake Western Ry M $1,435,000 gold
1st M $750,000 gold._K.c'
Chesterfield & Lancaster
Chestnut Hill RR Stock rental P & R Ry
Common stock
Chicago & Alton
Preferred stock 4% non-cumulative
4% cumulative part & prior lien stock
Chic & Alton RR (old) ref M gold (see text) . IC.c* &r
First lien (old Ry.) M subject to call at par..F.c&r
Collat notes $5,000,000 gold red at par 1904. ..Me.r
Joint equip notes ($9,500 due seml-ann) (V 76, p 47)
c*
Miss Rlv Br 1st M g ass'd s f drawn at 100
Kansas City St Louis & C preferred stock guar
Jollet & Chicago 7 % stock perpetual guar by C & A
Louisiana & Missouri guaranteed preferred stock..
1901
11)112
1,000
1902
1003
1903
1904
1905
1906
1
1888
1888
1893
1895
1898
1,000
1.000
1
W
—
RR—
Additional bonds Issued— see text below.
a
4
77
67
27
41
18
1904
1905
1896
1901
1905
4
889
943
1899
1900
1903
- - -
1877
162
37
101
Gua rantee d
,000
1,000
1,000
1,000
1,000
1,000
£100
and
dolas: series E, 1,000 F. B. steel gondolas; series F. & G., 38 locomotives
V. 75,
2,000 steel cars; series H, 35 locomotives and 995 steel cars.
p. 239, 393; V. 79, p. 916; V. 81, p. 909; V. 82, p. 1379.
FINANCES. Pennsylvania interests, with Morgan- Vanderbilt Interests,
own a majority of the stock. V. 70, p. 75, 632; V. 72, p. 480.
On June 30 1905 the N. Y. Cent. & Hud. Riv. and, Clev. Cin. Chic. & St.
Louis owned stock representing outlays respectively of $1,638,455 and $2,On Jan. 1 1906 the Penn. RR. proper owned
453,569. V. 71. p. 398. 505.
and
—
$10,130,000, the Pennsylvania Company, $4,000,000 and the Northern
Central $1,500,000 of the stock.
As to purchase of one-sixth interest In majority Hocking Valley common
V. 77, p. 1225; V. 83, p. 37.
stock, see that company.
The C. & O. SS. Co. line was formally opened Sept. 7 1893, and owns six
steamers, using the railroad wharves at Newport News.
Gross, $22,406,431; net, $8,827,410
EARNINGS.— 11 mos. ,11905-06
Gross, 18,877,813; net, 6,760,306
July 1 to May 31.
/ 1904-05
For 10 mos. ending Apr. 30 1906, net, $7,514,966; fixed charges (net),
54,581,757; balance, surplus, $2,933,209.
REPORT. Fiscal year ends June 30. Annual meeting Is held
at Richmond on the Tuesday preceding the last Tuesday In October. Report for 1904-05 was given in full In V. 81, p. 896, 908, and showed the
following. See also editorial, p. 878.
Of the total tonnage (13,304.791) In the year 1904-05, coal
Traffic.
of the whole: products of agriand coke furnished 8,109,845 tons, or 61
culture furnished 5 %. Average rate received on seaboard coal, 3.27 mills
per ton per mile; on all freight. 4.27 mills.
Year ending June 30
1905.
1904.
1903.
Mile* operated
1.708
1,671
1,641
Passenger earnings
$3,648,233
$3,474,905
$3,894,145
Freight
16,039,313
14,869,188
12,510,006
Express, mall and miscellaneous.
726,691
790,914
780,105
—
ANNUAL
—
%
.
.
Total earnings
Operating expenses and taxes
$20,724,372
13,764 610
$19,297,526
13,298,040
$16,711,602
11,499,837
$6,959,762
177,287
$5,999,486
169,272
$5,211,765
190,374
$7,137,049
$5,000,410
1,217.476
$6,168,758
$4,674,245
861,366
(1 %) 627,904
$5,402,139
$4,132,534
591.012
Net earnings
Other Income
%
Whom
Cent Tr & S Dep, Cln,
& A'Rlchmond
& N J P Morgan & Co. N Y
F
M
Oct
&
Girard Trust Co, Phila
&
Blair & Co, New York
M &
V &
do
do
do
do
&
J
do
do
J & D 15
A & O Fidelity Trust Co. Phlla
do
A & O
do
A & O J P Morgan & Co, N Y
do
do
Oct 1
J
& J London
M & S J P Morgan & Co, N Y
do
do
F & A
& J J P Morgan & Co, N Y
J
do
do
J
& Dl
& DNew York
J
F & A Security & Trust Co, NY
A & OjNew York
F & A Knickerbocker Tr Co, NY
Q — M Treasurer's Office, Phlla
120 Broadway, New York
F
1'"
6
7
7
wit h
F
Clevel
D
O
Q—
Q—
do
do
do
do
and Cine
do
do
do
do
do
do
do
do
do
do
Equitable Trust Co, N
N Y, 120 Broadway
& A
innatl
Chicago
When Due
Dividend.
A & O
1,750 ,000
1,500 ,000
329 ,000
se verally
Where Payable, and by
Payable.
820 000
450 500
£30 000
a$3,500 000
500 000
150 000
4,000 000
1 ,500 000
666 000
1,419 000
79 000
195 650
19,542 ,800
19,557 900 See text.
899 300 See text,
•37,350 ,000
3 g
22,000 000
3H g
5,000 000
4 g
114 ,000
4
J 16 &
211 000
6g A &
$1,000
1,000
1,000
1,000
1,000
500 &c
1,000
1,000
50
100
100
100
1,000 &c
1,000 &c
5,000
1,000
1,000
100
100
100
joint ly
When
Rate
$200,000
339,000
1,980,000
62,000
500,000
1,400,000
650,000
1.600,000
750,000
595,000
1.620,000
1,600.000
1,000
1,000
1900
1
—
Amount
Outstanding
'99-'02
—
l_l
Par
Value.
$500 &c
98
Bonds
pal,
Size, or
18
—
—
— PrinciStocks — Last
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
on
31
&
Y
1
1915
Aug 1 1942
Nov 1 1940
To May 1907
Aug 1907-1911
Aug 15 '06-'12
Sep '06-Sep
Aug
'12
1913
Dec '06-Dec'13
Dec '06-Dec'14
Oct '06-Apr '15
Oct '06-Apr '10
Oct
Oct
Jan
1
1938
1988
1 1909
March 1 1945
Feb 1 1948
Jan 1 1908
June 1 1944
June 1 1945
Aug 1 1945
Oct 1 1951
Aug 1 1955
June 4 1906 1H
1
1
July 2 1906 2%
July 2 1906 2 %
Oct 1 1949
July 1 1950
July 1 1907
To June 15 1912
Oct 1 1912
Aug 1 1906 IM
July 1906 1 %
Aug 1 1906 3H
St Lo'uls.
common
stock of the consolidated company.
The
Rock Island Co. and the Harriman interests in 1904 acquired control, the C. R. I. & P. owning $14,320,000 com. and $4,470,000 pref stock,
and the Union Pacific $10,340,100 pref. stock, their stock holdings being
held in a voting trust, ensuring harmonious management. See V. 80, p.
471, and V. 78, p. 47. 342; V. 79, p. 151, 1331, 1461, 2204; V. 81. p. 1664.
DIVIDENDS. On pref. of old co., Jan. 1901 to Jan. 1906, incl., 4%
yearly (J. & J.).
First semi-annual dividends on pref. and participating
and prior lien stocks, 2% each, paid July 2 1906. V. 82, p. 1322.
The first lien (old Ry.) 3 Hs of 1900 are secured by a direct first
BONDS.
lien on Springfield to Grove, 54 m.. and a lien on the remaining property
owned subject to the mortgage securing the refunding 3s of 1899 and certain
obligations and liens existing at the consolidation in 1906.
V. 70, p. 894,
944.
See application to list in full in V. 71, p. 1021, and plan, V. 82, p. 451.
The Railroad (old) mortgage securing the 3 per cents of 1899 will provide
funds for improvements and extensions. Bonds in excess of $40,000,000
may be Issued thereunder on vote of two-thirds of the stockholders for extensions of not over 500 miles main track, at not exceeding $20,000 per mile,
to fund leased line rental obligations and for future betterments not to exceed $5,000,000 at not over $1,000,000 per annum from Jan. 1 1900. See
official circular in V. 69, p. 178; also V. 69, p. 26, 129, 541; V. 70, p. 429,
739. 995.
Stockholders of Railroad (old) Co. voted on Sept. 7 1904 to authorize the
Issue of refunding bonds In excess of the $40,000,000 then sold and pledged,
viz., $5,000,000 for betterments and $350,000 for purchase of Quincy Carrollton & St. Louis Ry. V. 79, p. 211 967. Equipment leases and contracts
of railroad company July 1905, $992,000.
The 4 % collateral notes of the Railway company ($5,000,000 authorized
issue) are secured by deposit of $7,000,000 Railroad (old) refunding bonds
issued for improvements.
V. 77, p. 1746.
GENERAL FINANCES. Expenditures for Improvements and equipment for 3 years ending July 1903 were $12,943,329. V. 77, p. 1226. Proposed terminal and other Improvements, Aug. 1905. V. 81 p. 776.
LATEST EARNS.—
11905-06, Gross, $10,674,535; net, $3,112,176
11 mos., July 1 to May 31. ) 1904-05, Gross, 10,880,982; net, 3,574,610
REPORT. Fiscal year now ends June 30. Report of Railway
(old Co.) for year 1904-05 was In V. 81 p. 1168.
1905.
1904.
1903.
Miles
915
915
915
Gross earnings
$11,797,314 $11,425,853 $10,071,092
Operating expenses
7,602,663
7,524,600
6.625,196
any, declared on the
—
—
,
—
,
—
ANNUAL
,
Total net Income ...
Interest on bonds, &c.
Extraordinary expenses.
.
Dividends
,
,
.
,
.
.
.
(1
%)627.904
(1
%)605,299
Balance, surplus
$291,259
$73,294
$5,243
Stevens, Richmond, Va.; Vlce-Pres.,
Decatur Axtell, Richmond. Va.; Treas.. C. E. Potts, Richmond, Va.; Sec,
C. E. Wellford, Richmond, Va.; Comptroller, L. F. Sullivan, Richmond, Va.
Directors— Decatur Axtell. John P. Green, Chas. E. Pugu, George W.
Stevens. Chauncey M. Depew, William H. Newman, Samuel Rea, H. McK.
Twombly. H. T. Wickham.— (V. 82, p. 750, 1322. 1379; V. 83, p. 94.)
CHESAPEAKE WESTERN RY.— Owns North River Gap, Va., to
Brldgewater, 14 m.; opened May 1 1902; leases for 99 years Chesapeake &
Western RR., Brldgewater to Elkton, 27 m.; total. 41 m. Projected to tidewater on Chesapeake Bay, and westerly Into West Virginia coal fields, of
which 14 m., from Brldgewater to North River Gap, Is completed. Controlled by Chesapeake Western Co. V. 75. p. 1353; V. 78. p. 2383.
Stock authorized, $50,000,000; outstanding, $1,419,600, of which $608.400 Is preferred. Ches. & West. RR. has $533,500 common and $32,900
pref. stock outstanding. C. W. Ry. mortgage of 1901.
V. 73, p. 899. 1356.
Year ending June 30 1905 (41 miles) gross, $58,094; net above taxes, $14,663. Pres., Robert McM. Gillespie; Treas., W. H. Hall. Office. 71 Broadway, N. Y.— (V. 74, p. 986; V. 78, p. 2383.)
OFFICERS.— Pres.,
George
W.
,
CHESTERFIELD & LANCASTER RR.— Owns Ruby
Cheraw, S. C,
Extension of 18 m. toward Lancaster Is to be completed about Aug.
8 m.
1906.
Bonds (limited to $750,000) are Issuable at $5,000 per mile. V. 81
Stock, $500,000; par. $25.
p. 1790.
Year ending June 30 1905. gross,
$33,089; net, $11,011; Interest charge. $3,950.
Pres., A. H. Page. Cheraw,
C:
to
Page.— (V. 81. p. 1790.)
from Germantown to Chestnut Hill. Pa.,
m.; being double-tracked May 1902. Re leased In 1896 to Phlla. & Read.
4
Ry.. the rental being reduced from 12
to 6
on stock, the latter being
Increased In June 1902 from $120,650 to $195.650.
(V. 75, p. 76.)
CHlCAdO & ALTON RR.— (See Map.)—
Chicago to St. Louis,
KansasClty, &c. In all 960 miles, of which about 210 double- tracked.
^Jioad mined—
Miles.
Road owned—
Miles.
Chicago to East St. Louis, 111
280| Roodhouse, 111., to Kansas City.
Springfield, 111., to Grove, 111
54
Mo
251
BarnetttoColumblana.nl.. .
45 Bloomlngton to Wann, via JackCoal City Line, Ind
25
sonville Godfrey & Upper Alton
D wight. 111., to Washington and
(all In 111)
158
Lacon. Ill
8 {Trackage to Peoria", Tll".","&c" '.'. '.'. 17
Mexico, Mo., to Cedar City, Mo.. 501
Total of all owned and operated In system
960
Cut-off between Mexico, Mo., and Old Monroe, 65 m., built by Chic. Burl.
uln y opened Sept. 1904. Is operated Jointly. In Oct. 1905 the Peoria &
t, ?.
£
pekin Terminal Co. was acquired by friendly Interests. V. 81. p. 1099.
Tne < old) railway company was organized In April
in9nRGANIZATION
1800 and purchased substantially all the stock of the Chic. & Alton Railroad,
wo com P an| es were consolidated In Mch. 1906 per plan V. 82. p. 451.
v.
the A
Railway Issuing Its cumulative 4
participating and prior lien stock In
exchange for the outstanding stocks of the Railroad, the Railway company
changing Its name to the C. & A. Railroad as above. V. 82, p. 160. See V.
70 p. 686. 995.
S.
Sec., A. G.
CHESTNUT HILL RR.— Owns
%
%
—
ROAD—
I
'
-
%
?T oc :7_The cumulative 4 % participating and prior Hen stock Is entl
tied In addition to nrlor right to accumulative dividends at the rate of 4
%
per annum, to receive adltlonal dividends equal to the rate of dividends. If
.,
.
Net earnings
$4,194,651
$3,901,253
$3,445,896
Miscellaneous Income
z$l,525,622
268,517
z$l,525, 622
240,651
z$l,525,622
244,449
Total Income
Rentals to C. & A.
$5,988,790
z$4, 038,990
770,000
246.633
$5,667,526
£$3,561,230
770,000
266,733
163,895
$5,215,976
Z$3,341,588
770,000
253.338
$5,055,623
781,760
$4,761,858
781.760
$4,364,926
781,760
$151,407
$123,908
$69,281
Dividends (7 %) on Chicago
ton BR. stock owned
Interest
&
Al-
RR
3H % bonds
on
Other int., discount, &c
Flood damage 1903
All
4
charges
% preferred
dividend
Surplus
Under
lease of the Railroad, the Railway Company operated the line
and as rental paid In 1904-5 Interest, taxes and rentals, turning over to the
Railroad Company the balance of net earnings, $2,194,840. From this last
was paid
($1,563,644) by the Railroad on Its stock. This stock was
nearly all owned by the Railway Company, which therefore treated the dividends received thereon ($1,525,622) as "other income ", as shown In table.
OFFICERS. Chairman of executive committee, E. H. Harriman: Pres.,
S. M. Felton: Vlce-Pres.,
D. Cornish; Comptroller. William Mahl;
Treas.. F. V. S. Crosby; Sec, Alex. Millar, 120 Broadway, N. Y.; Gen. Mgr.,
C. A. Goodnow.
.r
its
7%
—
Wm.
—
Directors James Stlllman, E. H. Harriman, W. B. Leeds. W. H.
Moore. D. G. Reld, Robert Mather, New York; James H. Moore. S. M. Felton, J. B. Forgan, J. J. Mitchell, N. B. Ream, Chicago.
(V. 82, p. 1327.)
—
CHICAGO BURLINGTON & QUINCY RR.— (See Map.)— ROAD— Oper
ates a great system of roads extending from Chicago westerly, reaching St.
Paul and Minneapolis, Minn., St. Louis and KansasClty, Mo., Omaha. Neb..
Denver, Col., Cheyenne, Wyo., Black Hills, S. D., and Billings, Mont. The
accompanying map shows clearly the system, viz.:
Miles.
MUes.
|
Lines east of Missouri River
Lines west of Missouri River
4,259 Lines leased
4,031 Narrow-gauge lines
I
1
203
68
Total operated June 30 1905
8.561
In Nov. 1905 an extension was proposed from Bridgeport. Neb., to
Guernsey. Wyo.. southeast to North Platte and thence to a connection with
the main line east of the latter poln*. 250 miles. An extension. It w»s rumored, will also be built later from Guernsey, Wyo., to Salt Lake City. V.
81. p. 1436.
The Denver & Beaver Valley was Incorporated late In 1904 to build from
Oberlln, Kan., to Uray, Colo.. 100 m. V. 81. p. 1847. Extension from Centralla to Herrln, III., 52 m., was completed In Dee. 1005.
Ext( nslOD under
charter of Big Horn Southern from Frannle, Wyo., southeast to Worland,
m., was completed July 1906, to be extended about 75 m. to Shoshone
91
Indian Reservation.
ORGANIZATION.
This was a consolidation In July 1875 of th«
Chicago Burlington & Quincy In Illinois and the Burlington & Missouri Rlv.
In Iowa. Chicago Burlington & Northern and other subsidiary lines In 1 11 Vuols were absorbed In Mav 1899. V. 68. p. 975. In 1900 purchased the remalnlngpeased lines In Iowa and Missouri, viz.: Kans. C. St. Jos. & Coun.
&c—
32
RAILWAY STOCKS AND BONDS.
[Vol. lxxxiii.
J
J
July,
RAILWAY STOCKS AND BONDS.
1906.
RAILROADS.
Miles
For explanation
of
on
column headings, &c,
first
page of
of
see notes
Date
of
Road. Bonds.
tables.
IXTEREST OR DIVIDENDS.
Par
Amount
Value.
Outstanding
W
W
—
W
—
—
—
%
$100 $110839100
1,000 &c m50 ,835000
1,000 &c n30,01 1.000
1,000 b2.329.000
1,000 c7, 7 12. 000
1,000 d4 ,300 ,000
100 &c e7 ,968,000
1,000
9,000,000
1,000 &C f 25 071,000
600 &c
600 &C
5
4
8,000,000
5,000,000
i272,000
kl ,078 ,000
jl, 125,000
1600,000
1,804,000
750,000
600,000
2,796,000
300,000
210,000
8,830,700
2,655,900
97,000
91,000
2,788,000
42,000
16,583,000
4,626,000
150.000
150,000
5,000.000
1,000
1,000
1,000
1
,000
1,000 &c
1,000
1,000
500 &c
1,000
Bluffs, St. L. K. & N. W.. Chic. Burl. & K. C, Han. & St. Jos., Keokuk &
West, and Chic. Ft. Mad. & Des Moines, Burl. & Missouri, &c. V. 71, p.
697, 863, 963: V. 73, p. 137, 899.
In 1901 $107,611,600 of the $110,839,100 stock was exchanged for the
Joint 20-year 4 % bonds of the Gt. Northern and Northern Pac, secured by
the deposit of the stock in trust, on the basis of $200 in bonds for $100 stock.
See circular, V. 72, p. 871, and application to list, V. 73, p. 293, and description of bonds under Gt. Northern.
For legal reasons the road is leased to the Chic. Burl. & Quincy Railway
(which see below) for 99 years from Oct. 1901 at 7 % per annum on stock.
V. 73, p. 842, 1011. 1061, 1207, 1312.
CAPITAL STOCK. The stock has been increased for the acquisition of
new lines, retirement of over $15,000,000 convertible debentures, &c; In
1880 a 20 % distribution was made. See "Organization' above.
—
g
&C
f
j
g
s
4V3 g
5
5
in
6
6
6
6g
I"
5
6
7
4 g
4K
—
%
%
year ends June 30.
was
Report for 1904-05
showing results on
In V. 81, p. 1369, 1380 (see also editorial, p. 1346),
all lines operated and controlled.
Miles operated June 30
Freight
Passenger
Mall and miscellaneous
1904-05.
8,879
1902-03.
8.751
1903-04.
8,821
$43,863,893 $44,651,997 $42,782,406
15,898,243 14,494,573 14,136,281
6.081.622
5,719,692
6,210,909
Expenses and taxes
$65,973,045 $65,228,192 $62,638,379
44,100,332 44.578,943 40,542,473
Net
Other income
$21,872,713 $20,649,249 $22,095,906
346.540
302,202 deb. 204, 116
Gross earnings
Total income
&c
$22,174,915 $20,445,133 $22,442,446
9,116.338
8,370,137
7,630,216
Balance
$13,804,778 $12,814,917 $13,326,108
Int.onNor.Pac.-GreatNor joint bonds 8,608,910
8,606,752
8. 60S. 082
Dlv.onC.B.&Q.stk.heldby publlc,7 %
227,818
225,943
226,667
Surplus
$4,969,925
DIRECTORS.— Geo.
$4,491,538
$3,980,168
B. Harris (Pres.) John J. Mitchell. Chicago. 111.;
Charles E. Perkins of Burlington, la.: J. J. Hill. James N. Hill. Geo. C.
Clark, of St. Paul, Minn.; W. P. Clough. Robert Bacon. Norman B. Ream,
Geo. F. Baker and Samuel Thorne of New York.
(V. 81, p. 1369, 1380,
1436, 1664, 1847; V. 82, p. 217, 568, 627, 1155, 1437, 1496.)
,
—
CHICAGO BURLINGTON & QUINCY RAILWAY. — Leases
the Chic.
Q. Railroad system for 99 years from October 1901 at 7 % on Its
Incorporated in Iowa on Oct. 16 1901. V. 73, p. 842, 1207. See
& Q. Railroad above and Northern Securities item. V 73. p. 1357.
Stock authorized, $100,000,000; In Julv 1905 not yet Issued. The joint
Income account of the Railway and Railroad for vear ending June 30 1905
shows surplus over 7 % dividends on Railroad stock of $4,969,925. or about
5 % on the Railway stock.
Directors.
George S. Harris, Pres.: Charles E. Perkins. John S Kennedy,
James J. Hill, W. P Clough, George W. Perkins. E. 11 ll.nrlin.iu, M. L.
Schlff, W; H. Mclntyre, James Stlllman and Darius Miller.
(V. 73, p.
842, 899. 1312.)
Burl.
stock.
C. B.
&
—
—
CHICAOO CINCINNATI & LOUISVILLE RR.— Owns
Dividend.
&
&
A &
A &
M &
F &
M &
M &
J
&
J
&
J
&
M &
J
&
J
&
J
&
M &
do
do
Company's Office, Boston
J
&
& O Old Colony Tr Co, Boston
& A Old Colony Tr Co, Boston
Old Colony Tr Co, Boston
ft
Amer Loan & Tr Co, Bost
&
Boston S Dep & Tr, Bost
&
& D Amer Loan & Tr Co, Bost
Q— Hanover Nat Bank, N Y
J
& D Fourth Nat Bank. N Y
M & N Central Trust Co, N Y
J
& D Fourth Nat Bank. N Y
A & O Central Trust Co, N Y
F & A
do
do
do
\I
& N
do
J
& J Metropolitan Tr Co, N Y
M & N Farmers L & Tr Co, N Y
do
J
& J
do
J
& J Bankers' Trust Co, N Y
Mar
Jan
Oct
Feb
June
%
1908
1910
1950
1952
1
1
1952
July 1 1953
July 1907-1912
To June 1913
July 2 1906 1 H
Dec 1 1907
May 1 1920
Dec 1 1931
Oct 1 1934
Feb 1 1912
Nov 1 1937
Jan 1 1936
May 1 1920
July 1 1908
July 1 1955
1
1
1
Issue, the Cin. Rich. & Muncle after Oct. 1910.
See official statement, V.
Of the gen. and ref. 4'/ s of 1903 (American
71. p. 1066; V. 74, p. 1195.
2
Loan & Trust Co. of Boston and Union Trust Co of Indianapolis, trustees)
sufficient are reserved to retire all prior issues, including equipment morts.:
bal. for extensions, improvements, &c. V. 77, p. 349, 1532; V. 80 p. 649.
(V. 82, p. 48, 99. 217, 750.)
—
CHICAGO & EASTERN ILLINOIS RR.—See Maps, pages 116, 117.—
Operates road (double track to Danville Jet. 106 m.) from Chicago, 111., to
Terre Haute. Ind., and bituminous coal fields: also to Thebes and Joppa, 111.
Miles Branches to Coal Mines
Lines owned in fee.
15
107 Rossville Jet. to Judyville, Ind.
Dolton to Danville, 111
14
Danville. 111. to Brazil, Ind
61 Hunt's Extension
7
Momence Jet., 111., to Brazil, Ind. 130
Trackage. &c.
Danville Jet. 111. to Thebes. Ill 277 Pana, 111., to E. St. Louis
82
16 Chicago to Dolton, Ch. & W. Ind. 17
Joppa Jet. to Joppa .111
Cissna Jet. to Cissna Park, 111.
11 Otter Creek Jet. to Terre Haute.
6
34 Other lines
Rossville Jet. to Sidell Jet.. 111.
31
Percy Jet. to La Crosse, Tnd
46
MilfordJct. 111., to Freeiand Ind. 11
Total operated July 1905
947
Coal Bluff. Ind., to Casey, Ind.
7 Double track
146
Woodland. 111., to Villa Grove.
62 Side tracks
420
Flndlay, 111., to Pana
20
.
.
,
.
.
.
.
.
.
.
.
.
—
HISTORY, LEASES &c. In August 1902 the St. L. & San Fran, acquired the greater part of the stock, as said below.
The road forms part
of a through line to New Orleans opened In Jan. 1905.
The Chicago & East. 111. owns $1 ,000,000 stock of Chic. & Western Ind.
Special lease of Chicago freight terminals.
V. 78, p. 819.
In 1904-05 acquired control of the Evansville & Terre Haute, which forms part of the
through line between Chicago and Evansville. V.55. p. 995; V.81 p. 1239.
In April 1905 the bridge of the Southern 111. & Missouri Bridge Co. (which
see) was opened across the Mississippi River, forming with St. Louis Southwestern a line to Texas points.
V. 71, p. 1219; V. 74, p. 936.
STOCK. Common stock issued $7,217,800 ($15,000 p. m.). In addition, $6,408,300 com. and $161,300 pref were In treasury In July 1905
In Aug. 1902 the St. Louis & San Francisco RR. gave In exchange for the
common and preferred stock its stock trust certificates at the rate of $100
thereof for each $100 share.
V. 75, p. 289. In January 1905 all of the
$7,217,800 common and $6,211,700 of the $8,992,000 preferred had been
exchanged on this basis. The St. Louis & San Fran, has the option to retire the trust certificates at any time at $250 per $100 common stock trust
certificate and $150 per $100 pref. stock trust certificate, payable in gold
and obligates Itself to pay off the entire Issue In 40 years from date at the
same rates, meanwhile obligating itself to pay 10 % dividends on the common and 6 % on the preferred trust certificates, respectively, these amounts
being equivalent to 4 % on the principal sum to be eventually received In
payment therefor. Upon failure to pay any dividend within 30 days after
demand therefor, any holder may surrender the certificates to the trustee
and receive the shares represented thereby. V. 75. p. 289, 393, 1031;
V. 82. p. 48.
A majority of common stock trust certificates were In 1905
exchanged for certificates In denominations of $1,000 each, representing 4
shares of common stock, bearing 4 % Interest, and payable In 1942 at face
value.
See form V. 80, p. 1856.
DIVID'S— ]'92-'97. '98 '99. '00. '01. '02. '03. '04. '05.
•
1906.
On pref., p.c. yrly.
6
6
6
6
6
6
To July, 4 !4
6
6
Common, p.c Jf6
zy 3H AV hY 6
6
..
8
_
2
2
2
No later dividends on common stock declared, because all exchanged for
St. L. & S. F. trust certificates.
V. 80, p. 2398; V. 82, p. 1101.
BONDS. The general consol. and 1st mortgage of 1887 (trustee. Central
Trust Co.) provides for the retirement of $6,042,000 prior bonds and for
Issue of bonds on new road at $18,000 per mile for single track, aiso for bonds
for equipment at $7,000 per mile and for double track at $8,000 per mile.
In 1897 the gen. consols, were limited to $30,000,000.
See V. 64, p. 1088:
V. 78, p. 1446; V. 79, p. 1331; V. 80, p. 172S. Series B equipment bonds
mature $57,000 each June and Dec. and $56,000 each March and Sept.: ser.
C, $53,000 semi-annually, J-J: ser. D, $15 000 quar.; ser. E $125,000
each, Feb. and Aug.; ser. F $220,000 each Feb. and Aug.
The refunding and Improvement gold 4s of 1905 ($55,000,000 authorized
—
.
—
Issue)
Issued
and Issuable as
follows:
Sold for Improvements and to reimburse the company for Its Investment In the Thebes Bridge (see Southern Illinois & Missouri Bridge Co.. V. 80. p. 1424) and in certain stocks and
bonds of other companies (see V. 81 p. 1 136)
$5,000,000
Issuable as required for additions and Improvements. Including
equipment
15,374,000
Reserved to retire. $ for S, $30 000.000 gen. consol. and 1st f.s of
'37. Issued and Issuable.and $4,626,000 Chic.&Ind.Coal Rv. 5s 34,626.000
GENERAL FINANCES. This company owns most of the capital stock
of the Bra/11 Block Coal Co and carries all Its coal
It carries also the coal
of the Danville. Clinton and Williamson County fields. See V. 82, p. 451.
EARNINGS. For 2 mos. ending Aug. 31 1905. gross. $1,628,847; net
$573 852; oth.lnc.,$35 682; chgs.dncl taxes), $397,090: bal. ,sur. .$212,444
,
—
,
—
ANNUAL REPORT. — The
annual report for 1904-05 was
Rate per ton per mile was 0.462 cents In 1904-05.
Year ending June 30.
190 1.
1903.
1905.
751
Miles operated June 30.
917
758
In
V. 81, p.
1239.
Cincinnati to
Hammond, Ind. (near Chicago). 264 miles A consolidation June 4 1903;
V. 76, p. 1247.
In Dec. 1904 the Cincinnati Hamilton & Dayton Ry. and the Perc Marquette RR. went Into receiver's hands, and steps are being taken to annul
their contracts concerning this company, whose stock was all pledged to
secure $3,500,000 collateral trust 4s (In default) Issued by the Pere Marquette
RR. Co. V. 81 p. 1722: V. 82. p 48, 750. The management of this property
was surrendered by the aforesaid receiver Jan 1 1906 to the former owners,
but the interest due Jan. 1 1906 on the general and ref 4s of 1903 was paid
by the company at maturity. V 82, p. 99. 217.
Stock outstanding. $4,206,000; par of shares. $100.
The Cln Richmond & Muncle 1st 5s, Chicago & Cincinnati and CIn. &
Ind. West. Issues are all subject to call at 110 after 10 years from their
.
and by
Whom.
$634 .000 (ins inking fu nd uncanceled) Included;
g $7,167,600.
$61,4 00: k (19 06) $532 ,800; 1 $48,000; m $278, 000;
n $9,000.
.
DIVS-V81-87 88. '89. '90. 91. '92. 93. '94. 95-97. 98. 99 to Sep. '01.
4
5
5
5
P. Ct. J8 y'ly. 5
4M 4 y'ly. 5^ 6 yearly.
Since under lease, 1 % %paidQ.-J.; V. 74. p. 41.
BONDS. For full description of each loan see the editorial article on
lpages 3 to 6 of "Supplement" of Oct. 1896, and "Chronicle" V. 63, p. 775.
The mortgage of 1899 secures bonds limited to $85,000,000, and the
lien securing the bonds became an absolute first mortgage covering all
ines east of the Mississippi River upon the payment of $21,699,000 consolidated mortgage 4
bonds on July 1 1905. V. 79, p. 2454. See V. 68,
p. 771; abstract, V. 69, p. 283; V. 69, p. 795; V. 74, p. 1307; V. 75, p. 665;
V. 78, p. 1391, 1961, 2383, 2441; V. 79, p. 211; V. 80, p. 2620.
The Iowa Division bonds are a first mortgage on the main line In Iowa
from Burlington to East Plattsmouth on the Mo. River. 278 miles, and on
120 miles of branches: they are also a first collateral lien on 420 miles of
branches and 86 miles of second track. These bonds have a sinking fund of
1 Vi
($203,800) yearly, for which the 4s are subject to call at 100 and the
5s at 105.
The single main line and branches covered "shall not exceed
In the aggregate 900 miles" at $16,000 per mile- on second track additional
$14,000 per mile. V. 65, p. 462.
Denver Ext. bonds can be Increased only for 2nd track at $10 000 per mile.
The collateral trust Nebraska extension bonds of 1887 are Issued at $20,000
per mile for single and $10,000 per mile for second track on not exceeding
Abstract of deed V. 45, p. 441
1,500 miles.
Burlington & Missouri RR. in Nebraska consol. mortgage of 1878 Is for
$14,000,000, and Is now a 1st M. or 1st collateral lien; all except the exempt
bonds are subject to call for the sinking fund at par- $193,400 retired in
1905.
The "exempt" bonds may be called after 1908.
FINANCES. Corn being one of the principal articles carried,
the earnings vary greatly according to the size of the crop .
*
1905
.
Pai/able,
Y, Boston and Chicago July 2 1906 1
J Bank of Com, N Y & Bos July 1 1949
J
do
do
July 1 1949
do
O
do
Oct 1 1!)1!)
do
O
do
Oct 1 1919
do
S
do
Sept 1 1921
A
do
do
Feb 1 1922
do
do
May 1 1913
N
do
do
May 1 1927
N
Bank of Commerce, Bost July 1 1918
do
July 1 1918
do
do
do
Jan 1 1910
Bank of Xor America, NY Mar 1 ::;;l
Second Nat Bank, Bost Jan 1 1907
do
do
June 1 1920
D
J Bank of Commerce, Bost July 1 1919
J
5
4
4
4
When Due.
N
J
3}^
4
113,347,000
b $671 ,000, and c $4,790,000 canceled not Included. d $1,8 03,000: e $3,434 ,000;
The sink, funds held aliveJJuly 1905 of bonds above: h$2. 067,00 0; i $50, 000;
GENERAL
—
ANNUAL REPORT. — Fiscal
Q—
g8,650,000
5,000,000
1,000
1,000
100 &c
1,000
600 &c
100 &c
1.000
1,000
1,000
1.000
1,000
1,000
1,000
100
100 &c
Where
Payable.
7
— PrinciStocks — Last
Bonds
pal,
When
Rate
,
33
Size, or
—
Chicago Burlington & Quincy Stock 7% rental
Illinois D;v first mortgage] $85,000,000 currency re- 11.642 J1899
deemable at 105.. NB f
do
11899
do
/
901 J1879
Sinking fund Iowa Dlv 5s (collat trust) drawn at 105
..c&r |
Sinking fund mortgage 4s drawn at 100.
\1879
Dlv) drawn at 100
c*&r
Sinking fund 4s (So
1881
drawn at 100 ..NB.c*
415 1881
Denver exten (coll tr) bonds s f
c
Debentures for Hannibal & St Joseph stock
1883
Nebraska ext $20,000 p m (s f not drawn) .NB.c'&r 1,472 1887
B & Mo RR In NeblLand gr s f drawn at 100. _NB]
585 /1878
ConM $14,000,000JExempt, not drawn till 1908/
\1878
In Neb s f for At & N RR stock.. NB
Burl & Mo RR
1880
F.c*
289 1881
Hannibal & St Joseph cons M now 1st M
24!)
1877
K C St Jos & Coun Bl cons M (Nos 1 to 500 pref) ..c*
61
1880
1st Ms Nod & Tark Val RRs s f (drawn at 100) .c*
yrly.c
90 1879
Rep Val 1st M guar (drawn at 100) s f $14,000
145 1878
Atch & Neb 1st M Atch to Lincoln Neb &c guar..c*
Lincoln & N
RR 1st M guar sink fund 1 % not dr'n
73 1880
180 1900
Chicago Cincin & Louisville C R & M 1st M g..OB.c*
50 1902
Chicago & Cincinnati 1st M $750,000 gold call text
OB.c'
33 1902
1st M $600,000 call text
Cincin & Ind
264 1903
Chic Cincin & Louisv gen & ref M guar text.-AB.c*
BB
1902
Hoosier Equipment 1st M Series A guar p & 1
... 1903
Equipment trusts $300,000 part due yearly
Chicago & E III Pref stock 6 % non-cum($10,000 p m)
Ce.c*
108 1877
First mortgage (s f $20,000 no drawings)
c»
1st M assumed
9 1880
Danville & Grape Creek RR
c*
14 1881
Extension first mortgage.
127 1884
Consolidated mortgage (for $6,000,000) gold. .Ce.c*
c*
1887
Collateral trust bonds sinking fund
Ce.c*&r
817 1887
General consol and 1st M $30,000,000
176 1886
Chic & Ind Coal 1st M $25,000 p m assumed. Mp.c*
49 1881
Evansville Terre Haute & Chicago Income mortgage
13 1878
Indiana Block Coal 1st M sinking fund call at par_.
... 1905
imp M (text) gold red at ,102 y . . . Ba.c* &r
Refund &
2
Interest, rent,
.
$$8,423,378
6,019.850
$8,664,042
5 691,933
$7,723 848
4 552 089
Net earnings
$2 403.528
Net (Incl oth Income). $2,551,098
$2,972,109
$3,327,651
1.336.778
$3,171 ,759
$3,5
1.282.323
Gross earnings
Oper. exp. and taxes.
.
.
Interest paid
1
Rentals
Dlv. on pref. stock
Dlv. on com. stock
Const'n, deprec'n, &c
.
Balance
.506 ,468
264 76
I
.
.
(6)499.842
(5)360,890
def.
$80,266
2
:'.->. 6-,.-.
i
1
5
-
(6)109,842
(8)577,424
400 .121
(6)409.842
(6)433.068
$357,831
$341,155
920.646
1902.
738
$6,277,494
3,699.732
$2,577,762
$2,826 909
1.245.889
132.138
(6)409 S42
(6)431.868
607.172
None.
34
RAILWAY STOCKS AND BONDS.
[Vol.
Lxxim
——
—
"
—
,
RAILWAY STOCKS AND BONDS.
Jui/Y, 1906. j
Miles
of
column headings, &c,
page of
first
Date
of
of
see notes
—
249
249
—
1903
1903
1905
1905
1906
1890
1890
1888
M
M
— —
—
...
M
—
43
M —
4%
203
—
M
1902
1903
1904
1904
1906
R
289
162
509
509
M
...
...
Indiana Stone RR first mortgage guaranteed
Indianap & Louisv 1st M gold gu $25,000 p m_.S
Chicago Indianapolis & St Louis Short Line See Cle veland
Chicago Junction RR 1st M $2,327,000 gold red 105c*
—
—
,000
1,000
1,000
1,000 &c
%
($24,000,000 authorized)
Preferred stock B 4
Common stock $50.000,000..
Sterling 5-year notes 5s (no mortgage)
Sterling 5-year notes (no mortgage) redeem at 101..
Gold notes redeemable at 101
Gold notes $2,500,000 authorized red at lOl-.c&r
Gold notes $1.000.000
Chicago & Great Western See Chicago Term Trans R
Chicago Hammond & Western See Chicago June Ry
$5,000,000 g red text-.IC.c*
Chicago & III Mid 1st
$500,000 g red par aft 3yrs.AC
1st
Chicago & III
Chicago & Indiana Coal See Chicago & Eastern 111
$1,000,000 gOld..N.c*
Chicago Ind & Eastern— 1st
Improvement mortgage $100,000 gold red at 103_.
$12,000,000 g.IC c*
ChicInd&So Ind 111 & la 1st
Chicago Indianapolis & Louisville -Common Stock..
non-cumulative $5,000,000
Preferred
L N A & C 1st Main Line N A to Michigan Clty.-C*
c*
Chic & Ind Dlv, Chicago to Ind gold
1st
Ce
C I & L refunding mortgage $10,300,000 gold
gold 6s Issued for old consols
do
$250,000 gold guar p&i red text
Con Stone Co 1st
100
100
100
100
Various
Various
Various
5,000
Various
1902
1903
1900
1,000
500,000
5
6
4
500
—
,
—
& Kansas
(See
Map).— HISTORY.— The
May 1886. and In Decem-
City was organized In
In August 1892 reber 1887 merged with Minnesota & Northwestern.
organized per plan, Vol. 55, p. 856.
On Sept. 7 1893 the Great Western acquired by deed the title of the
Chicago St. Paul & Kansas City Ry. (815.67 miles). In June 1902 the old
mortgages were satisfied of record; V. 74, p. 726. As to 7-year contracts
made In 1902 with packing companies, see V. 75, p. 341.
ROAD. Operates the "Maple Leaf" route, radiating from Oelwein,
la., northerly to St. Paul, easterly to Chicago and southerly and westerly
to Kansas City and Omaha, embracing:
Lines owned (total, 757 miles) .Miles
Operated under agreement.
Miles.
402 Mason City & Fort Dodge,
Chicago to St. Paul
Oelwein to St. Joseph
289
385 miles, viz
23
Oelwein, la., to Coun'l Bl'fs. 260
Bee Creek to Beverly
Sumner to Waverly*
22
Hayfleld, Minn., to Clarion, la. 100
—
:
DeKalb,
Cedar
&c,
Falls,
branches,
Trackaae, &c. (total. 83 miles)
St. Paul to Minneapolis
—
Chicago Terminals
Dubuque to Aiken
Des Moines Terminals
Beverly to Kansas City
St. Joseph to Bee Creek
to
Lehigh and
Coalville, Iowa
Trackage rights Council Bluffs
Branches
21
10
to South Omaha
10 Wis. Minn. &Pac.RR.. 271 miles
14
Mankato to Red Wing
Red Wing to Osage
Winona to Simpson
3
37
&
C. F. R. T.
96
118
54
Grand total owned, leased and operated under contract
1
Deduct Sumner to Waverly, la., leased Jan. 1 1904 to Waterloo
3
,496
Ry
22
Total operated (Jan. 1 1904 and since)
..1 ,474
SECURITIES. The holders of debentures and preferred A stock appoint
the finance committee, which exercises general supervision of finances.
Additional securities of said Issues can be put out, but only with consent
of a majority of both said classes of stock present at a meeting.
Securities
of other Issues having a lien prior to preferred A can be created, but oniy
with consent of two-thirds of both classes. The several classes in case of
liquidation will have principal paid in gold, according to their priority right
At extraordinary general meetings of holders of debenture
to dividends.
stock and preferred A stock collectively holders of one-tenth of said stocks
outstanding, present or represented, constitute a quorum, and by a majority
vote have power to sanction any modification of the rights of said stocks.
For rights of each stock see editorial In "Supp." for Oct. 1897; see also V.71
—
441.
In 1898 the authorized issue of 4
debenture stock was Increased from
$15,000,000 to $30,000,000 lor future refunding and Improvements. See
Finances below. V. 66, p. 133. 663, 1088.
In Nov. 1902 $6,500,000 common stock was Issued to purchase part of
stock of the Mason City & Ft. Dodge RR. and part of stock of Wis. Minn. &
Pacific RR., 271 miles.
V. 75. p. 1201. Stockholders voted Feb. 18 1903
to Increase common stock from $30,000,000 to $50 000,000, $14,538,700
being exchanged for additional 6tock of the Mason Cltv & Fort Dodge and
Wisconsin Minnesota & Pacific, raising the amount outstanding to $44,464,545.
V. 75. p. 1201, 1253: V. 78, p. 1548; V. 80, p. 649. 2219.
The stockholders voted Sept. 7 1905 to authorize an Increase In the preferred B stock from $10,000,000 to $24,000,000, the new stock being
s
Changed, dollar for dollar, for Mason City & Ft. Dodge preferred stock.
V. .SO p. 2457, LV.l'O; V. 82, p. 137!).
The gold notes are a direct obligation ahead oi the debenture stock. No
Hen can be placed on property without providing for their payment.
In March 1906 it was proposed to ofTer shareholders the right
V. 79. p. 902.
to subscribe for $1.0(10.000 o' temporary
notes to provide necessary
equipment and other capital requirements. V. 82, p. 691. Equipment
lease warrants June 1906, $272,271.
p.
Whom.
Dividend.
6
6
2%
May 1 1982
Oct 1 1982
July 1918
2H
I
&
&
M
J
J
J
I
F
5g
6 g
6g
5g
4g
J
4 g
IM
J
Chase Nat Bk.N Y; or Ch Feb
Amer Trust & Sav Bk.Ch July
&
Nov 1904 coup last paid May
1942
Met Trust & Sav Bk, Chlo|Jari
1909
Treas, Grand Cent Stat'n July
1950
June 28 '06 1
J P Morgan & Co. N Y
do
do
June 28 '06 2
do
do
July 1 1910
do
do
Aug 1 1911
do
do
July 1 1947
do
do
July 1 1947
Amer Tr & Sav Bk, Chic May 1 1920
New York
Sept 1 1948
50 years
&
&
&
&
&
&
&
&
M
M &
&
S
N
W
&
Harris
Co, Chic
1905.
30—
1
1
1956
1945
•
cS:
uls.
Average miles
Year ending June
'15
'16
1906 and 1907
Various 1908
Various 1909
F & A Blair & Co. New York
Aug 1 1909
Semi-an R Renson & Co, London Various 1911
J
g
Feb '07-Aug
Feb '07-Feb
R. Benson & Co, London, England
Seml-an
Semi-an
Semi-an
g
g
g
g
in 1905
In 1905
(?)
To April 5 1913
To Sept 1910
To Jan 1 1915
July 15 1906
April 1 '06
J
Semi-an
Semi-an
When Due.
1904.
874
929
$
$
1
1903.
818
Mar
\i
%
1945
$
Gross earnings
7,377,711
8,022,674
2,038,618
1,902,632
433.516
431,368
368,726
283,625
Int.Incashon4
deb.stk. 1,044,976
1,044,976
Div. on pref. stock "A".
(2^)284,310
Miscellaneous .
..
Net Income
Rentals Unci, equipm't)
Interest paid
%
1902.
"$"
7,823,191
2,184,662
408,144
174,585
1,025,693
(5)568,620
7,549,689
2,060,230
390,815
147,999
925,207
(5) 568,620
6,568
Balance...
sur. 191, 400 def.141,647
sur. 7, 620
sur. 21 ,021
A. B. Stlckney; Vlce-Pres., A. Oppenhelm; Sec. R.
C. Wight; Treas., R. O. Barnard; all of St. Paul.
Directors— A. B. Stlckney, A. Oppenhelm, S. C. Stlckney. F. Weyerhaeuser, J. W. Lusk, H. E. Fletcher, T. H. Wheeler, M. D. Flower, R. C.
Wight. N. Y. office, 31 Nassau St.
(V. 82, p. 1210, 1379, 1437.)
OFFICERS.— Pres.,
—
CHICAOO & ILLINOIS MIDLAND RY.— Owns Auburn,
111.,
to
Paw-
nee, 9 miles; extension under construction easterly to Taylorvllle, 17 miles.
Stock authorized, $2,000,000: outstanding, $1 ,000,000 (par of shares $100)
a majority being owned by Illinois Midland Coal Interests. The bonds are
subject to call on terms to be fixed for the several Issues; the $780,000 bonds
to be issued on the first 26 miles may be called at 110 on Aug. 1 1910 or
any subsequent Interest day. See V. 82, p. 452, 803. (V. 82, p. 803.)
—
CHICAGO & ILLINOIS WESTERN RR. To extend from Western Ave.,
Chicago, southwesterly to Jollet, 111., with branches, a total of 54 miles, of
which 15 miles in operation and balance Is expected to be by Sept. 191.6.
Stock, $500.(100, all outstanding; par, $100.
Bonds, see table above. Pres.,
W. E. Phillips. Office, 184 La Salle St., Chicago, 111. (V. 82, p. 48.)
CHICAGO INDIANA & EASTERN RY. --Owns Converse, Ind., to Muncie.
43 miles.
In Sept. 1904 G. W. Bartlett of Muncie, Ind., was appointed
receiver, the floating debt being over $150,000.
V. 79, p. 1022, 1265.
On Oct. 29 1904 $30,000 receiver's certificates were authorized. V. 79.
Capital stock authorized, $1,000,000.
In year ending June 30
p. 2084.
1903 gross earnings, $125,029; net earnings, $39,230: total deductions, $32,024; balance, surplus, $7,206.
(V. 79. p. 1022, 1265, 2084.)
—
Branch to Clay Banks.
9
&
J
5g
1,000
4,850,000
100 10,500,000
100
5,000,000
1880
1,000
3,000,000
1881
1,000
2,300,000
1897
1,000
4,942,000
1897
1,000
4,700,000
1900
1,000
93,000
1,000 In treasury.
1906
1,500,000
Cincin nati Chic ago & St Lo
1905
1,000
1,800,000
CHICAOO & ERIE RR. (See Map Erie RR.i Owns from Marion. O..
to Hammond. Ind. 249 miles, and leases trackage over Chicago & West Ind.
Erie RR. Co. owns entire $100 000 stock.
to Chicago, 20 miles.
The first mortgage (trustees Central Trust Co. and Edward
Daniels) covers 249 miles of road, the contract with the Chicago & Western
Indiana, $1,000,000 of that company's stock, and $240 000 stock of Chicago
Belt Ry.
See abstracts V. 51, p. 911, V. 61, p. 750.
CHICAGO GREAT WESTERN RY
26,127 ,089
4 g
11,336 ,900 See text.
23,489 ,100 / None
44,464 ,545 1 paid
5 g
165 ,455
5
3,342 ,545
5
1,572 ,757
5 g
2,499 ,697
817 ,939
5 s
5
—
Payable, and by
First Nat Bank, Chicago
$895,364
M & S Blair & Co, New York
5
960,000
do
do
150,000
3
& J
AM
1,
do
do
4 W g F
& A
2,250,000
do
do
4.180,000
4'A g F & A
5 g
|M & N Erie RR, New York
12,000,000
10,000,000 Mostly owned by Erie RR
5 g
J
& J Erie RR, New York
300,000
1,000 See text.
1,000
500,000
OFFICERS. Pres., A. J. Davidson, St. Louis; 1st Vice-Pres., Robert
New York; Sec, J. S. Ford, N. Y. N. Y. office. 71 Broadway.
(V. 81, p. 30, 1043, 1239, 1436, 1664; V. 82, p. 48, 451, 760, 1101, 1322.)
Chicago St. Paul
Payable.
1906
1905
Mather,
BONDS
When
%
Amount
Outstanding
1,000
1,000
When
Rate
Par
Value.
1
Bonds
pal,
Size, or
Road. Bonds.
tables.
(Concluded)
Chicago & E 111
Car trusts Including lnt Jan '06 due $10,921 monthly
Equipment bonds Series B due quarterly.
Series C & D due $68,000 seml-an
do
do
do Series E due $125,000 s-a (V 81 p 1043) .Ba
do Series F due $220,000 s-a (V 82 p 750) _Ba
Chicago & Erie 1st M gold int guar till prin paid.Ce.c
N
Income bonds for $10,000,000 5 % non-cum
Terminal first mortgage gold
Chicago & Grand Trunk See Grand Trunk West Ry.
Chicago Great Western
Debenture stock cumulative gold $30,000,000
Preferred stock A $15,000,000 5% gold
—
W—
— PrinciStocks — Last
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
on
35
—
CHICAGO INDIANA & SOUTHERN RR.— (See Maps
X. Y. Cent. &
Hud. Jlir. HR.) Owns from South Bend. Ind to Statonville, 111.. 192 m.,
with branches, 11 m., and trackage, 9 m. (former Ind. 111. & Iowa RR.);
Danville, 111., to Chicago (former Ind. Harbor RR.) 128 m.; total. 340 m.
A consolidation April '06 of the Ind. 111. & Iowa, Ind. Har. RR. and Danville & Ind. Har. RR. V. 82. p. 803, 867. Stock $20,000,000, of which $5,000.000 is 4 % cum. pref.. the Lake Shore & Mich. Southern subscribing for
$17,000,000 and the Mich. Cent, for $3,000,000.
BONDS.— Of the $12,000,000 Indiana 111. & Iowa 4s or 1901 $7,500,000
were issuable oniy for new property and Improvements; of these $350,000
were Issued In 1902. V. 71, p. 1269: V. 72, p. 87. 722; V. 74 p. 1251. The
details of the new bonds to be issued had not been arranged in July 1906.
EARNINGS. For 6 mos. ending June 30 1906, gross, $1,146,263; in
—
,
,
.
—
1905, $1 .036,873.
—
REPORT. Report of Ind. 111. & Iowa for year ending Dee. 31 1905
V. 82. p. 802, showed:
Gross earnings, $1 ,812,461; net, $473,458: other
Income, $5,429; charges and taxes, $245,875; dlvs (4%), $200,000; new
In
construction and equipment
%
$30,889: bal.. sur.. $2,123.
— (V.
82, p. 1322.)
CHICAGO INDIANAPOLIS & LOUISVILLE RY.— (See Map.)— Op-
erates the "Monon Route" from Chicago, 111., via Monon. Ind., to Indianapolis, Ind., and Louisville, Ky., with branches.
The system Includes:
Lines owned
Miles
Miles.
Oper. under contract
Indiana State Line to IndianChicago to Indiana State Line
20
apolis
6
162| New Albany to Louisville
New Albany to Michigan City
289 Connection in Indianapolis
2
Bedford to Swltz City
40 Clear Creek to Harrodsb'g, Ind.. 9
Orleans to French Lick Springs.. 18 Swltz City to west of Linton
10
Gosport Jet. to Switz City, Ind.
35
(coal only)
—
—
I
|
I
5%
DIVIDENDS. — On
1900 to Feb. 1904,
pref.
"A"
5% yearly.
FINANCES.— In
1903-4
paid Jan. 1899, 2%; In July 1899 2%; In
In 1906. April, 2H %.
V. 82. p. 279.
$4,000,000 five-year
5%
notes were Issued.
V. 76. p. 809: V. 78, p. 1219; V. 79. p. 626.
Both the Mason City & Ft. Dodge RR. and the Wisconsin Minnesota &
Pacific RR. are operated for 100 years under agreements dated April
1901 the Chic. (It. West, receiving their entire net earnings above Interest
on bonds and owning their entire stocks. By later agreement the Mason
City & Ft. Dodge receives 60 % on business Interchanged any surplus a
Interest to be held for payment of future coupons.
See separate statements
for each Co. V. 73. p.»66, 722: V.74, p. 93; V.75. p. 1201; WHO, p.1011.
In April 1905 $12,000,000 Mason City & Ft. Dodge 4 % bonds were sold.
See that company and V. 80. p. 1363, 1911.
1
.
.
EARNINGS.— 11
moe.,1 18
Gl Oss, Sx.126 :i27: net si'..". 10,197
[1904-05.
(iross, 7,006,536; n<
7,361
Semi-annual report In V. 82. p. 091, showed: For 6 mos. ending Dee 31
1905, net. $1,699,109. against $1,300,712 In 1904; charges, $1,027,065:
div. on pref. "A" (2 H %> $284,310: bal., sur.. $387,734.
Earnings since Jan. 1904 are based on 818 miles of road proper only, the
net earnings of the proprietary lines over bond Interest being Included.
RBPORT.— Report for 1904-5, V. 81. p. 7. 905.
July
1
to
May 31.
.
.
.
Total of all..
591
A lease for 099 years with Chicago & Western Indiana (of whose stock this
company owns $1,000,000) gives entrance to Chicago on a mileage basis.
Owns one third Interest in Kentucky & Indiana Bridge at Louisville, Ky.
Owns entire stock of Indianapolis & Louisville RR., projected from at or
near Indianapolis to Evansvllle, &c..of which 60 miles from Cloverdale to
coal fields of Southern Indiana was under construction Mch 1906
Dividends of 4 % are guaranteed under 99-year lease and bonds guaranteed
principal and Interest.
See "Bonds" below.
V. 82. p. 509.
HISTORY. Successor Julv 1 1897 of Louisville New Albany A Chicago,
foreclosed per plan In V. 63, p. 922.
Suit settled.
V. 75. p. 1031.
In Aug. 1902 the Louisville & Nashville and Southern Rv. acquired 03 %
of $10,500,000 common and 77 % of $5,000,000 preferred stock, on the basis
collateral
of $78 and $90 per $100 Share respectively In their Joint 50
Iptlon ef
trust gold bonds at par, secured by the stock acquiri
bonds under Louisville & Nashville. V. 74. p. 1088, 1138; V. 75. p. 28.
DIVIDENDS.— On pref., 1899, 1%; Oct. II
to June 1906, both InJn e
clusive, 1% per annul".
On common, 1902,
'•,.;
', %
Dec, ',
1905, 3% (J.&D.); 1906, June
BONDS. Refunding mortgage covers road, equipment. &c. (Including
$1,000,000 stock of Ch. & W. Ind. am! $240,000 stock of the Belt Ry. of
Chicago); total authorized Issue Is $16,000,000, of which reserved to take up
existing divisional bonds at maturity, $5,300,000; to be Issued only for betterments and equipment, not to rxceed $300,000 In any one year. $2. Oil .000.
Of the Conof the latter of which $2,033,000 had been Issued to Feb. 1906.
solidated Stone bonds ($250,000 authorized Issue) $25,000 are subject to call
7J.p. 41.
yearlv. Jan. 1903-06 Inclusive, and the balance Jan. 1 1»07. V.
Indianapolis & Louisville guaranteed bonds, of which $1,660,000 sold In
Feb. 1906. sec above.
V. 82, p. 508.
15; net, $1
EARNINGS.— 11 mos., 11905-06
Gro
,120,196; net, 1.813 48.'
JulvltoMav.il.
1904-05
Gro
—
l
l
.
1
3b
RAILWAY STOCKS AND BONDS.
[Vol. lxxxiu.
July,
190G.J
RAILWAY STOCKS AND BONDS.
37
RAILWAY STOCKS AND BONDS.
38
RAILROADS.
Miles
For explanation
on
column headlnos,
of
page of
first
—
of
I
& D Exten
7%
W
1st
M
& W 1st Mgold.c* &r
— Com stock (see text)
yearly not cumulative
M
133
395
185
107
161
351
120
1,117
68
230
119
$159, 000 Of
4s in
—
Tr
Preferred stock (not cumulative) see text
Chic & N W con sink fd M ($12,900,000) not dr.F.c*
Cedar Rapids & Missouri River —
M 3d Div..
Mortgage of 1884 Cedar Rapids to Des Moines Riv
1st
Madison Exten 1st M g (s f $23,000 not drawn) __F
Menominee Exten 1st M g (s f $20,000 not dr'n).F
Northw Union 1st M gold Mil to Fond-du-Lac.F
3^s and
ANNUAL REPORT.— In
V. 81,
1904-05.
Year ending June 30
Grossearnings
$5,609,750
Net earnings
1,979,710
Dividends. &c. received
160,432
—
Total net Income
500 &c
500 &c
500 &c
500 &c
1098. showed:
1903-04.
1902-03.
$5,300,623 $5,066,131
1,884.454
1,949,773
257,031
155,751
1901-02.
$4,581,158
1,728,024
129,448
$2,141,485
$772,100
250,023
$1,857,472
$772,100
199,197
$2,105,524
$772,100
224,193
Total
$1,025,194 $1,022,123
$996,293
$971,297
Surplus for dividends... $1,114,948 $1,119,362 $1,109,231
$886,175
Div. on pref. 4 %
200,000
200,000
200,000
200,000
Dlv. on common
_(2M)288,750(2>£)262, 500(2^)262,500 (1)105,000
OFFICERS.— Pres and Gen. Man., W. H. McDoel, Chicago; Vice-Pres.,
Morton F. Plain New York; Treas., Byron Cassell, 198 Custom House Place,
Chicago: Sec. J. A. Hilton, 80 Broadway, N. Y.
Directors.
J. H. Emanuel, A. H. Gillard, A. T. French, Chas. Steele,
R. M. Gallaway, Temple Bowdoin, Morton F. Plant. New York; W. H.
McDoel, G. B. Shaw. E. C. Field. Chicago; J. Murdock. Lafavette, Ind.
V. 80, p. 162, 221 2398: V. 81, p. 974, 1098; V. 82, p. 392, 508.)
CHICAGO JUNCTION RR. To be an elevated road, 3.75 miles of track,
extending from junction with South Side Elevated RR. at 40th St. to the
Stock Yards. Leased to South Side Elev. for 50 years (with right to purchase at cost within 20 years) at a rental covering bond interest and all exCapital stock, $50,000.
Bonds are guaranteed, prin. and int.,
Eenses.
y Chicago Junction Railways & Union Stock Yards Co.; they are subject
to call at 105 after 1910.
Form of guaranty, V. 82, p. 568.— (V. 82. p. 568.)
CHICAGO JUNCTION RAILWAY. Owns and operates a belt line
around Chicago from Whiting, Ind., to Franklin Park, 111., from Chappell,
111., to U. S. Yards, and in the Union Stock Yards district connects with
Industries and all diverging roads.
Mileage operated (first track only)
74.93 m.. of which Chicago Junction Ry. owns 27.48, the balance being
operated under lease, trackage rights and other agreements: total mileage
Including second track yard track and sidings, 271 .38 miles.
STOCK. The entire capital stock, $2,200,000, Is owned by the Chicago
Junction Kvs. & Union Stock Yards Co. See Industrial Cos.
BONDS. First mortgage of C. H. & W., for $2,500,000 (trustee, E.
Francis Hyde. N. Y.), assumed. V. 04 p. 287.
EARNINGS. For year ending Dec. 31 1905, gross, $2,715,246- net, including other income, $359,468; charges, $164,613; dividends (6%), $132,(V. 78 p. 583; V. 80, p. 649, 711.
000; surplus (62.855.
CHICAGO KALAMAZOO & SAGINAW RY.— Owns 55 m., Pavilion to
WOOdburyi Midi. Stock, com., $2,000,000; pref $450,000; outstanding,
com $675,000; pref.. $271,000; par of shares. $100. The 1st mort. is for
$225,000 to Union Trust Co of Detroit, as trustee; bonds all in treasury;
current accounts Dec. 31 1904, $45,311.
In 1904, gross. $125,772; net,
$28,949: other income, $4,384, taxes and rentals, $7,872; dividends, $22,5on.
Pres., E. Woodbury; Treas and Secy., VV. J. Kealey, Kalamazoo,
When
Where Payable, and by
Payable.
Whom.
Rate
%
$2,500,000
6 g
58,183,900 7 In 1905
49.654,400
7
546,000
7
4,000,000
6
7,432,000
6
2,840,000
5
6,670,000 5 & 7
2,500,000
5
1,106,500
7
2,002,000
6
5,367,000
6
3,000,000
6
25,340,000
5g
1,360,000
5 g
4,755,000
5 g
1,250,000
6g
4,748,000
5g
2,856,000
5g
3,083,000
5
a24,000,000 /
4g
4 g
I
all, 164,000 /
3MS g
3V2 S
I
2,155,000
6
n4, 003 ,000
6
75,217,300 7 In 1906
22,395,120 8 In 1905
12.832,000
7
2,332,000
7
769,000
7
b2,977,500
7 g
c2, 546,500
7 g
d3, 365, 000
7g
treasury and not
p.
$2,140,142
$772,100
253,094
on bonds
Rentals, &c...
Interest
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000 I
1,000/
1,0001
1,000/
1,000
1,000
100
100
1,000
1865
1866
1884
1871
1871
1872
do
Series A registered
do
Series B
c*
do
Series B registered
<& Northern 1st M Schwarz to Gr Bay.-C*
Consolidated mortgage
c*
Chicago & Nor West Com stock $77,601,045 auth.Tr
do
do
do
Milwaukee
a Including June 100G $2,214,000 of
b $172,500; C$150,500; d $135,000.
500
1881
1881
1881
1883
1884
1886
1886
1889
1899
1889
1899
1880
1884
159
77
5,722
5,722
5,722
5,722
126
362
4,273
4,273
788
150
122
129
114
62
Amount
Outstanding
1,000
1,000
1,000
1,000
1,000
1,000
1878
1879
1880
1880
1880
1879
1879
1880
1880
1880
335
212
419
convertible Into pref erred.. F.c*
$150,000,000) gold Series A.Us.c*&r
(for
Par
$500 &c
100
100
When Due.
pal,
Value.
1897
27.48
Dlv first mortgage Western Union RR
S
c*
Southern Minnesota Division first mortgage
F.c*
Mineral Point Division first mortgage
F.c*
Hast & Dak Div Ext first mortgage $090,000 5s) F.c*
Lacrosse & Dav Division first mortgage
F.c*
Wise Val RR Co 1st M Tomah to Merrill, Wis
c
Wise Val Div 1st M sink fd not drawn
NB.c*
NB.c*
Dub Div 1st M sinking fund not drawn
Chic & Pac Div 1st M (Chic to Klttredge)
F.c*
do Western Div 1st M (see text) gold. ...F.c*
F.c*
Chicago & Lake Superior Div 1st M gold
Wise & Minn Div first mortgage gold
F
Fargo & Southern first mortgage gold assumed
F.c*
Chic Milw & St P Terminal mortgage gold
Dakota & Great Southern first mortgage gold
F
Chicago & Missouri River Dlv. first mortgage.. F.c*
General
of
— PrinciStocks — Last
Bonds
Size, or
Road. Bonds.
Chicago Junction Ry Chic Ham
Chicago Milwaukee & St Paul
Preferred stock
INTEREST OR DIVIDENDS.
Date
<fcc, see notes
tables.
[Vol. lxxxiii.
ted (see
lis
fc
J Central Trust Co, N Y
Jan
& O N Y Office, 30 Broad St April
do
do
April
& o
do
do
July
& J
do
do
July
& J
do
, do
Jan
A J
do
July
do
J
do
do
Jan
& J
do
do
July
& J
& J Lee Hlgglnson, Boston Jan
& J Office, 30 Broad St, N Y July
do
do
July
& J
do
do
Jan
& J
do
& J
do
Jan
do
do
July
& J
J
A
A
J
.T
J
J
<fc
J
J
J
J
J
J
J
J
J
J
&
&
&
&
J
.1
J
J
J
J
J
&
J
J
J
&
J
3—
&
Q—
'
J
.
& J)
& D
& J
.1
J
J
^—.;
M
Dividend.
Q-
& N
& J)
A & O
J
& I)
M & s
•1
do
do
do
do
do
do
do
do
do
Chic Mil & St P Ry, N
do
do
Co.'s Office, 52 Wall.N
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July
July
n $1,089 ,000 additional
text)
H
3H
10 '06 3
10 "06
1
1908
1909
1910
1910
1910
1919
1909
1920
1920
1910
1921
1
1921
1
1
1
1
1
1
1
1
1
1
1921
1924
1914
Jan 1 1916
July 1 1926
May 1 1989
May 1 1989
May 1 1989
May 1 1989
June 1 1910
June 1 1913
July 2 1906 3J4
July 2 1906 2%
Feb 1 1915
May 1 1916
June 1 1909
April 1 1911
June 1 1911
June 1 1917
Jan
Y
Y
1927
1
1
1
1
in treasury.
The general mortgage of 1889 see abstract in V. 48 p. 830) is for $15(1 000,000, to the United States Trust Co. of New York, as trustee, and covers
the entire railway property and franchises of the company (therein described) subject to prior liens as below mentioned. The prior lien bonds cannot be extended, hut will be paid off at maturity.
On June 30 1905 the following amounts of general mortgage bonds had
been issued or were reserved for the purpose indicated, viz.:
Amount in the hands of the public
$30,341 ,000
In treasury of the company (unsold) see below"
4 ,823 000
Total reported by the
Reserved for prior
company
as outstanding
$35,164,000
86.887.500
liens
Available or eventually to become available for lmprove-1
ments, there being included In this amount the bonds origi- \
nally reserved for prior liens, which have since beenl
converted Into preferred and common stock
J
27,948,500
,
—
,
—
—
—
—
Total authorized
$150,000,000
•Of the bonds in the treasury June 30 1905, $2,450,000 was sold in
1905-06.
V. 82, p. 1437, 1496.
FINANCES, &c. Capitalization per mile of road June 30
1905: Stock, $15,555; bonds, $17,677: interest charge. $858.
As to Pacific extension see "History" above.
In April 1901 stockholders subscribed to $8,673,200 new stock at par, the
proceeds to reimburse the company for 301 miles of new road built during
the past two years, and provide for Kansas City cut-oil and other necessary
new construction, to cost $4,300,000, and in Jan 1902 $2,362,100 additional
common stock was sold to pay in part for 298 miles of new road, equipments and improvements. V. 72, p. 437, 935- V. 74, p. 378. In Oct. 1902
the rate of dividend on common was increased to 7 %.
The funded debt was increased during the year 1904-05 by the Issue of
$555,000 of general mortgage bonds and was decreased $1 ,483 000 by underlying bonds retired and canceled; of the latter, $953,000 were converted
Of the funded debt there was In the treasury June 30
into preferred stock.
1905 $5,912,000 (against $5 357,000 June 30 1904) of which $4,664,000 was
general mortgage 3Hs and $159,000 gen. M. 4s. V. 71, p. 1119; V. 73, p.
,
563
,
.
Mich.— (V.
61. p. 1003i.
CHICAGO LAKE SHORE & EASTERN RY.— See Issue of Jan.
CHICAGO MILWAUKEE & ST PAUL RY.— Operates from
1906.
Chicago
westerly to St. Paul. Minneapolis and Lake Superior, Omaha, Neb., and
Kansas City, Mo., with lines traversing Illinois, Iowa, Missouri, Michigan,
Wisconsin, Minnesota and the Dakotas, viz.
Road
—
Miles.
Road
I
Lines owned (of which 28 miles
—
Miles.
Second and third tracks
385
owned jointly)
6,912 Trackage (Including 2d track)
289
HISTORY, Ac. The Milwaukee & St. Paul RR. Co. was organized May
5 1863 and on Feb. 11 1874 took Its present name.
The system lias since
been greatly extended by the construction and acquisition' of other lines.
The sale of the Milwaukee A: Northern to the St. Paul was ratified in Sept.
1803,
Tin- White River Valley lilt., with $50,000,000 authorized stock
authorized to build from Chamberlain, S. Dak., the present western terminus of the St. Paul, to Rapid City. 200 miles, &c, has completed 75 m. west
from Chamberlain, S. 1)., of which 40 m. In operation.
Extension from
Armour to Planklnton, 25 m., and 30 in. on line from Madison to Sioux
Falls, S. D., were completed Jan. 1906.
V 80, p. mo; V. 81, p. 849, 1492.
In Nov. 1905 extension was authorized from western terminus at Kvarts,
S. 1)., to Seattle and Tacoma, about 1,500 m., expected to be completed
on traction having commenced at the Paciniin about
u
end and contract let for 800 in. from BvartS. S. I), west. V. 81, p. 1609
1004; V. 83, p. 91.
In May 1906 the Montana RR., Lombard to Lewis
town, Mont.. 157
miles, was acquired, and will form
d branch,
part of the Pacific C<
contract being awarded for a 1 60 -mile
.section ol new line froi
b tO KaTlOWtOWn, Mont.
V. 82, p. 1211.
in
Vpr. 1906 the Dniutii St. Cloud Qlencoe & Mankato, Albeit i,ea to
Duluth, Minn.. 2N7 mile,, was acquired.
V. 82, p. 1211.
CAPITAL STOCK Tin- prefl
has a prior right over the com-
—
1
.
1,
.
1
EARNINGS. —
July 1 to May 31.
£1904-05
ANNUAL REPORT. — Fiscal year
1
1
'.
stock to a dividend of not o\
ei-
7
";,
li
oui mi earnings In each vcir. but,
Aftei payment of 7
on preferred
if not earned it has no cumulative right.
%
and 7 % on common, both els
eprorata.
The authorized com stocl
lln 1002 from $58, 183, 900 to $88,-
183,900,
in
July 1906
tie $25,000,000
still unissued, beIf desired,
Tin- preferred stock on Dec. 31 ih73 was 512.2.
been hied to pr<
10m ei tlble bonds
for stock, on'
,000 bs
$9,1
foi
othei purposes
(improvement
In June 1906 only $546,000 bond
ili
toi
.-iikI
allable
towards pari
i
i
i
ol
•
<
prefr
held in Sept.
-
4
2
'96. '97 '00. '01. '02,
4 5 y'ly.
7
77777
2
On pref %l
BONDS.
'95,
4
me
\
1.
1
it
or
'
7y
*ly.
77777
144,212 and V.
<
o\
a
1906
tei iiiin-ii
opt
1
ol
1
.
Jan
hi
1
in
901
Be\ eral
16,161,860
Annual meeting
In
is
V. 81, p. 838. 845;
In 1904-05, of 23,303,908 tons of freight carried,
grain furnished 20 ",',: other agricultural products, 2 %; coal and coke, 15 %;
lumber, 8 %; other forest products, 9 %. and miscellaneous. 46 %.
1904-05.
1903-04.
1902-03.
Average miles operated June 30
6,908
6,829
6,647
$10,120,958
Passenger earnings
$9,061,633
$9,542,201
Freight earnings
35,968,9 17
35,081,759
34,797,045
Mall, express, &c, earnings
3,788,209
3,586,94 2
3.323,491
$49,884,114
$5,336,620
Total earnings
Maintenance of way
Maintenance cars and engines
$48,330,335
$5,128,249
$47,662,737
$7,347,048
3.893.834
16,829,796
1,470.187
1,105,000
5,181 ,586
4,651 ,783
18,280,457
1,632.333
18,597,343
1.600,732
019,900
1,243,079
707,575
1.190.007
952,309
Other Income
$32,294,040
$17,590,073
230,798
$31,876,590
$16,453,745
316,431
$31,598,174
$16,064,563
510.031
Total net Income
Interest on debt, &c
$17,820,871
5,902,045
$16,770,176
6,051,775
$16,574,594
6,101,335
$11 ,858.826
$4 ,072 ,,S73
3,433,878
$10,718 401
$4 072.873
3.368,358
$10,473,259
$4,072,873
3,349,388
Transportation, gen. exp.
Taxes
Renewal account.
.
&c.
.
Additions to property
Miscellaneous
Total expenses
Net earnings
Balance for dividends
Dividend on common 7 %
Dividend on preferred, 7%
.
$4,352,075
$3,277,181
$3.050 098
Roswell Miller. 30 Broad St.. New York; Pres.
(J. Hanney Chicago: Gen. Mgr., W. J.
Albert J. Barling, Chicago- Treas.,
Underwood; Sec, B. \V. Adams, Milwaukee.
Roswell Miller, New York; A. J. Barling, Chicago; Frederick
Directors
Layton, Milwaukee: J. Ogdcn Armour. Chicago; Frank s. Bond, Joseph tlllbank, William Rockefeller, Peter Geddes. John a stew-art Samuel Spencer
James li. Smith, Charles W. Harkness, Henry n Rogers, Mew York.
Executive Committee Roswell Miller, A.J. Barling, Peter Geddes, William Rockefeller, Samuel Spencer,
New York office, 80 Broad St. <v. 82, p. i:tr, 1496; V. 83, p. 94.)
Chicago & NORTH. PACIFIC RR.— Chicago Terminal Transfer RR,
CHICAGO & NORTH WESTERN RY. -(5m Map.) Operates an Imwith Omaha, Neb.. St. Paul,
portanl system of roads uniting Chicago in
Minn., with lu' great wheat belts of Dakota, Nebraska, 030., and with the
mining regions of Michigan and the Black Mills, Including
Balance, surplus
OFFICERS— Chairman.
I-'
—
—
i
,
—
t
Road
an in
Entire
il
stoi k
In fie
—
Mill
Sundry trackage
w esbern
Princeton
Paul Eastern (.rand Trunk
.
18
Total July
St.
he
the
I'm-
Land
A:
Miles.
38
1
ou ned —
Apr
18, p
in
45,643,488; net,
also editorial, p. 804.
l.ll
Api
publl ihed
i
t
of 1884
and Mllwau:
'03. '04. '05
7
7
7
Gross,
ends June 30.
Report for 1904-05 was given at length
<*v;
'94.
llnce'91
/
;
.
,
mon
In 1904-05 was 264 tons; rate per ton per mile,
in 1903-04, train-load. 245 tons; rate per ton per mile, 0.890c.
11 mos., 11905-06. ..Gross, $50, 04!). 320; net, $10,848,920
Average freight train-load
0.881c
—
—
—
GENERAL
Bast, (leased)
.
,
lull
a
It
<
.
1
7
n si OWntd —
Paul Minneapolis
686
&
itn.ilia
HISTORY,
4c.
\ Vanderblll line (V, 76, p
1086) o
ed in 1859
tn July 1884 the capital stock of the Fremont ESlkborn <v Mlssoui Valley
,;i
its securities, exIn
eb. 1903 the road was ab orbed,
was acquired,
"iii bj Chlo. & .\. w.. are In table above
cept Hi
V. 76 p. 514, 516,
i
bun
408
i
1006
:i
I
I
July,
1906.]
RAILWAY STOCKS AND BONDS
39
RAILWAY STOCKS AND BONDS.
40
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
on
Chicago
&c,
column headings,
of
page of
first
& North Western
Date
of
Par
Amount
Value.
Outstanding
Road. Bonds.
St Peter I'd mortgage (now
First mortgage est gold land grant s
assumed
first)
1867
1871
1878
1878
1882
1882
1882
1884
1885
1881
1884
1885
1887
1889
1881
1892
1879
1891
1884
1891
1886
1897
1897
139
184
assumedF.c*
Plalnview RR and Minn Valley first mortgages
Rocli & Nor Minn first mortgage guar (assumed) _ _
Dak C 1st M guar (Watertown to Redfleld S D)__F
Dak C 1st M on Southeast Dlv (to Hawarden) gu. Un
Des Moines & Minn 1st M Des Moines to JewellJcF&c
Ottum C F & St P 1st M (S25.000 p m) guar.. Un.c*
f
24
71
125
57
64
Un.c*
111 1st M ($20,000 per mile) assumed
Mlhv Lake Shore &
consol M (now 1st) gold.Ce.c*
Michigan Div 1st M (for 53.000,000) gold__Ce.c*
Ce.c*
Ashland Division first mortgage gold
Deben (see text) secured by mortgage of '89 gCe.c*
Ext & Imp M for $5,000,000 g s f not drawn. Ce.c*
r
Income bonds (not cumulative) no coupons
Marsh Ext 1st M $600,000 ($15,000 per m).Un.c*
'79 ($15,000 p m) red at 105 Fcr
C & X Wsf bonds of
Un.c*&r
Sinking fund debentures 1933
Un.c'&r
25-year debentures
Chicago & North Western 30-year deben. Un.c* &r
Extension 4s $20,000,000 ($20,000 p m) . . L'n.c&r
Us.c'&r
General gold bond M $165,000,000
registered
do
do
Branch Line Bonds Assumed.
Bover Valley Ry 1st M g $16,000 per mile..F.c*&r
Minn & la Ry 1st M gold $16,000 per mile..F.c*&r
Mankato & New Ulm 1st M gold $416,000__F.c* &r
Southern Iowa first mortgage $1,120,000 g .F.c*&r
Princeton & Northw 1st M $2,100,000 gold..F.c&r
Peoria & Northwest 1st M $2,125,000 gold.F.c&r
Sioux City & Pacific 1st M gold $4.000,000. .F.c&r
Minn & So Dakota 1st M gold $528,000.
F.c*
Nor
76
413
82
40
693
693
W
40
1,041
In addition sinking fund June 1906 held: a $58,000
,000 on hand); n$160,000;
1,000
1,000
1,000
1,000
1,000
1
,000
1,000
1,000
1,000
1,000
1,000 &c
1,000 &c
1,000 &c
1,000 &c
1.000 &C
—
CAPITAL STOCK. Of the common stock, $2,338,538, and of the preferred $3,835 remained in company's treasury. in July 1905. Pref. stock has a
prior right to 7 %; then common 7 %; then preferred 3 %; then common 3 %;
then both classes share.
In 1903 the authorized common stock was increased from $41,448,366 to $77,601,045 (making the entire stock $100.000.000). See "General Finances" below.
V. 75, p. 1085 1146; V. 77.
p. 516.
The consolidated sinking fund bonds of 1915 have voting power.
DIV. 1"85. '86 to '93. '94. '95. '96 to '99. '00. '01. '02 to '05. 1906.
4
5 yearly.
Com..)6'4 6 yearly. 3
6
6
7 yearly.
7
—
———8 yearly
Pref
7 A
7 yearly
In 1902, on common, Jan., 3 %; July, 3 % and 1 % extra; in 1903 to July
1906, 7 % (paid J&J)
On pf., Jan., 1 % %; Apr., 1 % %; July, 1 % % and
1
extra; Oct., 2 %; in 1903 to July 1906 inch. 8% (paid Q.-.J.). The extra
divs. of 1 % each on the stocks in July '02 increased the rate for the fiscal yr.
'01-'02 to 7 and 8 % on the com. and pref. stocks respectively. V. 74, p. 1194.
BONDS. General Mortgage. See Abstract in V. 65, p. 1175. The
authorized Issue is $165,000,000 (United States Trust Co., trustee). $131.645,000 were reserved to retire underlying bonds, and remainder for additions and Improvements, $4,000,000 at once and $1,000,000 a year thereafter.
V. 05, p. 1070.
V. 65, p. 69. 111. 571; V. 75, p. 980.
The sinking fund bonds of 1879 are secured by deposit in trust of $15,000.000 of 1st M. bonds at $15,000 per mile on subsidiary lines, the most important being described in "Supplement" of Mav 1894.
Of the sinking fund
bonds of 1879 $5,618,000 are 6s; the sinking fund is at least 1 % of outstanding bonds, which are subject to call at 105, and through its operation
the amt. outstanding has been reduced from $15,000,000 to the figure in table.
The sinking fund debentures of 1933 have a sinking fund of $200,000 per
year, if they can be redeemed at 105.
See description of all the debentures
J
.
—
2. "Supplement" of April 1895.
extension bonds of 1886 are secured by deposit in trust of first mortgage
at a rate not exceeding $20,000 per mile.
Included in the collateral
on page
bonds
July 1 1905 were $10,675,000 Fremont Elk Horn & Mo. Valley lsts and
$2,560,000 Wvoming Central lsts (consolidated with F. E. & M. V.), &c.
See F. E. A M. V. bonds below.
The Fremont Elkhorn A Missouri Valley consols have a first lien on 1,170
miles (Fremont, Neb., to Deadwood, D. T., 557 miles, and branches to
Hastings, Albion, &c, 613 miles) but besides the amount of Issue given as
outstanding In the table $10,675,000 (along witli $2,560,000 Wyoming
Central firsts. A. F. E. & M. V. issue) are held as part collateral for Chicago
<5c
North Western extension bonds of 1886.
GENERAL FINANCES.—Stockholders in Feb. 1903 subscribed for
$9,226,110, in July 1005 for $10,609,200 and In May 1906 for $16,267,400
com. sioci: ai par. the proceeds to be used Cor Improvements, equipment,
&c, raising the amount outstanding to $75,217,300. V. 82, p. 452.
EARNINGS.— For 11 months ending Mav
Gross, $57,684,352 In
1905-06, agalnsl $50,700,457 In 190 05
REPORT for calendar year, V. 82, p. 243.
cross.
Year.
Charges (net) Dividends.
Net.
Bal. sur.
1905
$6,345,494
$59,066,556 $18,671,501
$5,546,232
$6,779,775
o,7oi,7n.s
190453.705,091
16,667,889
5,174.924
4,788,177
ANNUAL REPORT, fiscal year changed to end June 30. The annual
meeting is held tin- third Thursday in October. The report for 1904-05
was given at length In V. 81. p. 1038, 1047. Fremont Elkhorn & Mo. Val..''.72 miles, included from
ley,
Feb. 16 1903.
See also edit., p, 1013.
Of the freight carried in 1900 01 (total 25.527.575 tons), ores furnished
,
.".
•
1
1
.
,
l
23%; lumber and logs, I")",',; grain, flour and mill Stuffs, 13%; Other agricultural and dalrj product
3 %; coal and coke, 15 %; metals and machinery,
5%; stone, sand, brick, *>•.. .-,••„; live stock, 4%; miscellaneous, I7"n.
Yean ending Jum 30
Yearend.
1905.
1904.
1903,
May 31 1902.
Average miles operated
7.401
7,408
6,457
5,760
$13,339,714 $13,027,708 $12,161,997 $10,886,139
39,292,830
37,254,539
35,811,008
33,436,892
8,112,731
8,052,387
2,666,137
2,321.091
enger earnings
Freight
Mall, express, fce
Total earnings.
Oper. exp and taxi
N'i
.$55,745,275 $53,334,634 $50,639,142 $46,644,122
38,649,312
37,227,109
33,851,672
30,005,643
.
$17.i
1
—
525 $16,787,470 $16,638,479
Y(
10
Total net receipts
Interest on debt
Sinking fund, &<•
wiv menu
cum m on
Dividend on common
rid
1904
I9i
\l,n/ 31,
1903.
L902,
..$18,631,798 $17,58
18,095,548 $18,068,159
.. $7,988,976
$7,971,518
$7,475,970 $7,248,638
225,000
230.316
234.695
...s.,
a .a*., ...
.1.01,0
/
(7)3,883,324 (7)3.3
(71
3.060,41
,737 .808
(7)2,737,868
-...
,-,...,.
.•,.«.,.. «...
.1
.1
Dividend
90 (8) ,791 ,600 (8) ,791 ,598
4.000.000
Real est., const., &c.
1,1
,010
5,013,418
1,697,065
.
.
1
.
1
<
,
1
..-,
.,
1
(
1
1
,
.
,
1
]
1'
1
1
,
I
1
Balance, surplus
$642,898
ori- K ERS.
Pre ... Ma. . in 11
Osborn, 52 Wall St., \
ec
Dirt cto
i'.
.
Samuel i'. Bai
Frank Work. X.
R,
.
\
11.
\\
anderbllt
Marvin
md
|
\i
.
81.34'
Sec E
Klrkman,
,
1
E
hlcagoi
111
r.
.
1
\'.;
I
$523,830
$224,618
'.'.
»epew
H. Mel
Ulman, Jam
uncy Keep, Alberl
ably,
illt.
.
.
I
II.
11
Keep. Chicago;
H. C. Frl
7
7
6
M
6
\le-
turgh,
Pa.;
David
Ma«s.— (V.
81
M
M
M
5
6 g
.1
M
6 S
F
F
M
5 g
5 g
6
5
&
6
S
o
5
4
3H
g
3>A s
J
I
3H
3H
3H
3K
3H
zy*
3H
3H
S
S
N
A
s
s
X
J
s
A
A
N
O
o
N
A
A
M
M
N
A 15 & O
F 5 & A
M & X
Q-
g
e
g$l
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
& D
& 1)
& (>
M & S
&
M & S
F & A
J
&
do
do
do
do
do
do
do
do
000
h $1,143,000;
.1
g
Wall St Nov
do
Dec
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
g J
g
g A
g
g
Dividend.
Office, 52
Co's
.1
.J
.1
.si
1908
Sept
Sept
Nov
Feb
Mar
Mar
May
July
Mar
Feb
Feb
May
Oct
Oct
1
1
1907
1916
1
1908
1907
1907
1907
1909
1910
1921
1924
1925
1907
1929
1
1911
1
1
1
1
1
1
1
1
1
1
1922
1 1929
May 1 1933
Nov 1 1909
April 15 1921
Aug 15 1926
Nov 1 1987
Nov 1 1987
Dec
June
Oct
do
do
do
do
do
do
do
1
1
1
1
Sept
Mar
Aug
k
$202,50
Zenas
1
1
1
Jan
do
1
Jan
Ames, Boston;
Kimball, Oliver
P.
,
&
&
&
&
&
&
&
&
&
&
&
A
&
&
M
F
6g
5
&
M &
7
2,000,000
600,000
1,600,000
1,500,000
5,000,000
1,281,000
1,000,000
436,000
4,148,000
500,000
400,000
12,185,000
9,800,000
f5, 369 ,000
g9, 819,000
hl7 489,000
(and $10 .000 on nan d);
p all in sinking fun d.
,
Whom.
J
1,000 &C
1,440,000
1,000 &c
1,904,000
1,000
P416.000
1,000 &C NoneJul '05
1.000 &c nl, 940,000
1,000 &C
2,125,000
1,000 &c 03,926,000
1,000
528,000
,
l
7
7 g
Stocks— Last
,
M & N
& D
Seml- m
$1,592,000
1000 &cl M19965.000
1000 &c]
o $74 ,000;
Where Payable and by
Payable.
k4, 038, 500
250,000
200,000
On June 30 1901 purchased Sioux City & Pacific RR. V 72, p. 721, 1238;
V. 73. p. 444; V. 75. p. 446.
In 1900-05 various proprietary roads were purchased. V. 71 p. 291 294;
V. 73, p. 294, 1010; V. 75. p. 446; V. 81, p. 840. In July 1905 extensions
aggregating 363 miles were under construction. V. 81, p. 840, 1049; V. 81,
On July 1 1906, loo miles were onened and 50 miles additional
p. 1436.
In Sept. 1905 the Pierre Rapid City & Northwestern
will tie Aug. 1 1906.
Ry. was incorporated to build from Pierre, So. Dak., to Rapid City, 165
V. 81. p 1174.
miles.
The
%
al, 007 ,000
$5 21,000
f
;
$1,000
100 &c
1898
1899
1899
1900
1901
1901
1901
1900
90
119
26
56
105
85
125
33
m$694,000 (and $10,201
%
When
Rate
(Continued)
Winona &
Bonds- -PrincU.
Sire, or
of
see notes
tables.
Vol. lxxxiii.
I
1
1923
1924
1929
1925
1926
1926
1936
1935
0;
Crane. Dalton,
p. 1550, 1791; V. 82, p. 279, 452, 750, 867, 1101, 1437.)
—
CHICAGO PEORIA &
—
ST. LOUIS RY.
ROAD. Owns from Pekin to
180 miles; Madison to Bridge Jet., 3 m.; Havana to Jack42 m.; branch, Lockhaven to Grafton, 8 m.; total owned,
233 m.; trackage, Pekin to Peoria, 10 m.; Granite City. 111., to Merchants'
Jet., 3 m.; in Springfield, 1 V m.; Madison, 111., to St. Louis Station, 7H m.;
2
total, 255 miles.
Reorganization of Chicago Peoria & St. L. RR. and St. L. Chic. & St.
Paul Ry., sold in foreclosure Jan. 8 1900, per plan in Vol. 68, p. 722.
The payment of the July 1906 coupon on the consols was postponed, Interest not being earned.
F. J. Llsman requested bondholders to communicate with them, with a view to protecting their interests.
V. 83, p. 36.
BONDS. Of the $2,000,000 prior lien 4>^s (City Trust Co. of N. Y.,
trustee), $282,000 are reserved for future extensions, Improvements, &c.
Stock, common, $3,600,000; pref., $3,750,000.
EARNINGS.— For calendar year:
Cal. Year
Gross.
Oper. Exp.
Net.
Miles.
1905
$1,661,473
$1,495,279
$166,194
255
1904
1,730,537
1,548,898
181,639
255
REPORT for year to June 30 1905, in V. 82, p. 623, showing gross.
$1,720,227; net, $217,778; other Income, $6,677; Interest and taxes. $225,029: balance, deficit. $574.
Pres.. Charles E. KlmbaJl, New York; Sec.
and Asst. Treas., H. W. Berger, Springfield, 111. Troas. and Asst. Sec.,
C. M. Gleason, New York.
(V. 82, p. 623, 627; V. 83, p. 36.)
Granite City,
sonville,
111.,
111.,
—
—
—
CHICAGO ROCK ISLAND & PACIFIC RA1 LRO A D.— Incorporated
in
Iowa on July 31 1902 as an operating company, per plan V. 75, p. 239,
to take over the Chic. R. I. <Sc Pac. Railway.
The entire capital stock
($145,000,000) is owned by the Rock Island (holding) Company.
BONDS. The collateral trust 4s of 1902 (authorized issue $75,000,000)
are secured by a pledge with the trustee of an equal amount of the stock of
In July 1905 $69,929,200 of the
the C. R. I. & P. Railway as acquired.
$74,817,100 Railway stock had been acquired.
In 1905 $17,381,840 of an
authorized issue of $18,500,000 collateral trust 5s of 1913 had been Issued
with Rock Island Co. stock in payment for $28,888,190 of the $29,000,000
V. 76, p. 1406.
Report for year
St. Louis & San Francisco com. stock.
ending June 30 1905 was in V. 81, p. 1238, showing: Total income, $5,expenses, $4,103; int. on bonds. $3,647,333: divs. to Rock Island
500,043;
Co., $1,950,000; bal., sur. for year, $32,933.
(V. 81, p. 1238.)
CHICAGO ROCK ISLAND & PACIFIC RY.— (See Map Rock Island Co.,
The system extends from Chicago, 111., via Omaha,
pages 116 and 117.)
Neb., to Denver and Colorado Springs, Col., and via Kansas City, Mo., to
Santa Rosa, New Mex.. there connecting with the lines of the New Mexico
Ry. and Coal Co. and forming with them and the Southern Pacific a through
line to the Pacific Coast; also from Tucumcari, X. M., to Memphis, Tcnn.,
and to Fort Worth, Tex., on the south, and on the north to Minneapolis,
Minn., and Watertown, S. Dak., with numerous branches, viz. (see V. 75,
)
p. 1156; V. 76. p. 751:
Mileage owned
Miles.
Mileage, leased
MilesChic, 111., to Color. Sp'gs, Col. 1,004 Keokuk & Des Moines*
162
Davenport, la., to Terral, I. T. 710 Peoria & Bureau Valley*
47
White & Black River Vallev*..
Ilenington. Kan., to Texhoma,
62
—
—
—
—
—
T
323 Little Rock & Hot Springs
308
Western*
23
376
2,102
Branch lines
294
Trackage to St. Louis, Denver,
.1)
Pueblo, &c_.
468
Capital stock all owned
St, Louis to Kansas City (under construction)
Choc. Okla. &, Gulf (leased)*.. 999
304
112 Other lines under construction. 272
Chic. R. I. & El PasO._
Gulf
389
Chic. R. I. &
Total mileage oper. and under
construction June 30 1905
7,783
O.
Burl'gt'n, la., to Mlnn'ap.,Mlnn
Vinton, la., to Watert'n, S. D_
—
1
1
I
1,500
*See these companies.
Branch from Little Rock, Ark., southeast to Crossett, with branch to
miles, (of which 60 m, opened rune 1906), Is building under
Eldorado 143
charter of It. I. Ark. & Louisiana RR,, connecting with line from Kldorado.
Ark., to winnfieid. La., loo m., acquired in Sept. 1905; extension being
II i
to be extended (luring 1906
built from Winnfieid to Alexandria. La
to a connection at Eunice or Opelousas with St. Louis & San Fran, Un*,
The charter permits the
now building. The road Is leased for 999 years.
construction of a through line from Little Uock to New Orleans.
See
V. 81, p. 1551; V. 82, p. 99, 870, and bonds below; also Roctt Island Co.
Interests 111 April 1906 acquired a half Interest In the
The Hock Island
Trinity & Brazos Valley Ry., owning a line from Cleburne to Mexla, Tex.,
79 miles, and under construction from Mexla to Houston, i:>7 miles, with
branch to Waxahachle, 70 miles, ami trackage rights from Cleburne to
v. 82,
Port Smith, Waxahachle, to Dallas and Houston to Galveston,
in Mav 1906 made agreement roi trackage between Kansas City
p. 870,
V. 82, p. 1040.
St. Joseph, giving a dlred line to Falrbury, Neb.
and
A consolidation June 2 1880 with $50,000,000 stock.
In July 1905 $09,929,200 of lie $74,842,800 capital slock had been deposited per plan V. 7a. p. 239, each $100 Stock beln
fed for the following securities: $100 in 100 yeai 196 gold bonds <>r the Chic. it. 1. &
Pac Railroad o>r Iowa) and $70 preferred and $100 common stock of the
"Hock island Company" (of \ew Jersey), which owns the entire capital
See statements "or those companies.
stock of the Railroad company.
The union Pacific interests. Jointly with the Ch, R, 1. <* Pac, control
.A P. owning $14,320,000 com. and
the Chicago & Uton Ry., the O, i<
$4,470,000 pref, Btock. V. 79, p. 1462,2206; v. so. p. 472: V. 81, i>. 1258.
in 1902 most of the stoci. oi tin- Burlington Cedar Rapids A Nor. and
and
Rock isi. (<. Peoria was acquired, and their roads based from June
owns
V. 74, p. 1194, 1250.
ubsequently deeded to the 0. R. I. «* i".
entire stock of Consolidated Indiana Coal
control of Daring Coal Oo and
v. «2. p. 452; V. .so, p. 2401, 2023.
Oo guaranteeing the latter's bonds,
,
'
m
HISTORY.—
1
1
1
.
—
July,
EAILWAY STOCKS AND BONDS.
1906.J
Miles
on
column headings,
of
page of
first
&c,
of
—
—
—
Collateral trust M $18,500,000 gold red 102
--Ce.c*
& Pacific Ry — Stock ($75,000,000)
Chicago Rock
Us. c*
to Council Bluffs & branches
1st M Chic.
Chicago Peoria & St L Pr lien M g call at 107 H -Ta.c*
Col.c*
Consol M $2,000,000 gold called at 105
EC
Income M gold (text) non-cum called at par
I
& Pac RR Col tr M $75,000,000 -_Ce.c* &r
Chic R
195
1,170
230
230
230
...
}4
764
..
c*&r 3,165
General mortgage $100,000,000 gold
M g Ser E to P due yearly red 101 )4 - -Ce.c*
Ref M $163,000,000 gold red 105 to 1911 ..Ce.c* &r Text.
Notes secured by $11,250,000 ref bonds, red at 102
Gold coup notes red sec by R T Ark & L bonds. -Ba
Chic & R I Elev M gold guar p & 1 redeem at par . _c*
Consol Ind Coal 1st
...
g int gu red 110 s f-0.c*&r
Burl C R & Northern
cons 1st M gold guar
Ce.c
292
C Rap I F & N
B C R & Nor cons 1st
&collat trust gold. Ce.c* &r 1,293
Minneapolis & St Louis 1st M gold (assumed) __Ce
12
113
Rock Island & Peoria consol first mortgage
Mp
Choc O & G general (now 1st) M $5,500,000 g...c*
409
Choc & Mem 1st M $3,750,000 assumed... GP.c&r
282
L Rock Bridge 1st M assumed gold red (text) OPc*
Consol M (see text) $30,000,000 gold
GP.c* 1,025
Car trusts Series B due semi-annually
OP
Car trust Series C April yearly beginning 1903 G P
Rock Isl Ark & Louis 1st M $15,000,000 gold
Ba
Chicago St Louis & New Orleans See Illinois Central
Chicago St Paul Minn & Omaha Common stock
Preferred stock non-cum Including scrip (see text)
~21
St Paul Stillwater & Taylors' Falls first mortgagee
Hudson & River Falls 1st M Hudson to River Fails.c
12
Ch St P & Minn 1st M gold Elroy to L St C ass'd ..c*
177
St P & Sioux City 1st M gold $10,000 per mile._Ce.c
607
Nor Wis 1st M Lake St C to near Spooner, ass'd Ce.c*
80
Collat tr
M
W
M
—
—
r
'95. '96. '97. '98. '99 to '02.
'03. '04. '05.
Outstanding
1,000
1,000
1,000
1,000
000 &c
1,000
100
1.000 &c
1,000 &c
1,000
1,000 &c
1877
1898
1902
1904
1904
1906
1904
1905
1,000
1,000
1,000
1881
1884
1877
1885
1894
1899
1899
1902
1901
1902
1906
1,000
1,000 &C
500
5,000
1
1
,000
,000
1,000
1,000
1,000
1,000
100
100
500 &C
500 &C
500 &c
1878
1878
1878
1879
1880
1,000
1,000
2H
2
H%:
M
2M%;
7H
1H%
—
BONDS. Of the general 4s of 1898 those unissued are available as follows: $25,900,000 at not over $1,000,000 per annum for permanent improvements and additions, including equipment, and $12,500,000 to retire
the 1st 6s of 1917.
Bankers' Trust Co. of New York, trustee. Mortgage,
Abstract in V. 66, p. 522: V. 78, p. 228; V. 80, p. 472.
The collateral trust gold 4s of 1902 ($24,000,000 authorized) are secured
by deposit of all the stock of the Choctaw Oklahoma & Gulf RR. (see that
company.) V. 74, p. 775, 829, 936, 1356.
The refunding
bonds of 1904 ($163,000,000 authorized issue) are a
first lien (either directly or through pledge of the entire issues of bonds of
the companies owning the same) on terminal property in St. Paul, Minneapolis and St. Louis, new equipment, and shops at Moline, 111., and on railway lines aggregating 1,150 miles; also a junior lien subject to existing
mortgages on all the other lines of the system of the Railway company, aggregating, exclusive of leased lines and trackage, 5,691 miles.
See General
Finances below; also "Chronicle" of Jan. 28 1905; and full statement in
V. 78, p. 228, 234; V. 79. p. 1716, 2206. They are issued and issuable as
4%
follows:
Issuable forthwith (compare "General Finances" below)
$15,000,000
Issued or Issuable to an amount equal to the value of bonds so
Issued, to acquire property, including stocks and bonds
25,000,000
Reserved to retire at or before maturity all bonds of the railway
system falling due within the next 30 years (none of such
underlying bonds to be extended) also to acquire $25,900,000
general 4s of 1898, Issuable for Improvements, viz.:
,
Bonds to Be Taken Up—
Chicago Rock Island & Pacific Ry. gen. mort.
hereafter to be issued, viz.:
(a) To retire at maturity 1st 6s of 1917
4s,
$12,500,000
At not exceeding $1,000,000 per year for adand improvements
25,900,000
Burlington Cedar Rapids & Northern Ry. Co. cons.
(b)
ditions
82.025,000
Reserved to provide 75 % of purchase price of securities of
other companies hereafter acquired.
13,500 ,000
Reserved to be issued at not over $2,500,000 yearly from Jan. 1
1904 for future improvements and equipment
27,475,000
As to Chic. R. I. & Pac. Elevator mtge., see V. 79. p. 2590; Y.82, p. 750.
As to Consol. Indiana Coal 5s, interest guar., see V. 80. p. 2401 2623:
form of guar^intv, V. 82, p. 1499.
I
April " ,06 $8,000,000 of 4*4% notes were sold, secured by deposit of
., - \
97,300,000 Rock Island Ark. & La. 1st 4s. the latter being a lien on 257
miles of road and equipment.
See above and V. 82, p. 803, 101.
.
I
RAL
FINANCES.— In Dec. 1904 $33,904,000 first and refunding
a
4s i i ?
had been issued, of which $25,558,000 were sold to pav for capital expenditures theretofore made, including purchase of $18,790,000 Chicago &
n s tock and for obligations maturing In 1905.
In Jan. 1905 the issuance
#
or i°
bonds under sections 2 and 3 of article 1 of said mortgage was warranted
to a total of $40,000,000 (including a part of the $33,904,000 just menloned). by expenditures aggregating $46,271,939 made since 1900, viz.:
1,148 miles of new railroad, on which they are a first lien
$32,528,548
Shops at Moline. Ill
1 733 749
Terminals at Minneapolis and St. Paul
'..'.
980,986
,
.
New equipment
___
10,998,656
Compare V.
80, p. 472, and V. 79. p. 2206.
In April 1905 $7,000,000
was sold, of which $3,846,000 for improvements and balance
account redemption of Scullin and Francis notes, and In Jan. 1906 $11 ,784,oou. or which $7,534,000 for Improvements and equipment and Ibalance to
retire underlying bonds.
V. 80, p. 1423; V. 82, p. 280, 750.
LATEST EARNINGS.—
llmo.s. July
1
to
May
31.
1905-06. Cross, $47,062,537; net, $13,398,496
11904-05. Gross. 40,289,095; net, 10.5
1
For 6 mos. ending Dec. 31 1905, net, $8,028,358; ot
ther Income, $672,395;
taxes, $779,452; Interest and rentals, $4,285,941; dividends (3
dl
$2,5
806,492: balance, surplus, $1,728,868.
Report for 1904-05, V. 81, p. 1238, 1256; see also edit, p. 1214.
.
REPORT.—
^
Year ending June
30—
Miles operated
Passenger earnings
Freight earnings
Mall, express, rentals,
Gross earnings
Net earnings
Other Income. ..
&c
Whom.
Dividend.
3K J & J Co'sOfflce.52 Wall St, NY
A & O
do
do
7,725,000
6
& S
do
do
1,728,000
4H g
2,000,000
5 g
J
& J
See text2,000,000 Up to 5 % when earned
4 g
69,938,000
& N First Nat Bank, N Y
do
do
5 g
& S
17,342,000
Quar. Office, 71 B'way, N Y
74,842,600 See text.
12,500,000
6
J
& J First National Bk, N Y
do
do
61,581,000
4g J & J
& N
do
do
17,928,000
4 g
A & O
do
do
44,342,000
4 g
&
do
do
7,500,000
4y
2
& O N Y, Spever & Co
6,000.000
4V* g
First Tr & Sav Bk, Chic
& O
950,000
5 g
2,773,000
5 g
& D Guaranty Trust Co, N Y
M
M
M
M
O
O
&
&
1,905,000
11,000.000
150,000
450,000
5,500,000
3,525,000
295,000
5,411,000
370,000
880,000
See text.
e
6 g
5
5
g
g
4!4 g
4 g
& N
& A
& O
& J
in
Wall
St,
do
do
do
do
do
do
1905
7
8
6 g
6 g
6
do
& o
& J
N
do
do
do
do
do
do
Jan
Oct
Mar
July
July
Nov
1
1
1
Sept 1
July 2 '06 1
July 1 1917
Jan 1 1988
May 1907-1918
April 1 1934
July 1 1907
April 1 1908
Oct 1 1924
June 1 1935
Oct
1921
1934
1927
July 1 1925
Oct 1 1919
Jan 1 1949
July 1 1919
May 1 1952
To Aug 1908
April 1907-1910
Jan 1 1956
1
1
June
Y
1935
1933
1930
1930
1930
2002
1913
1
1
1
April
do
do
do
do
do
do
Office, 52
in 1905
New York
Philadelphia
First National Bk, N
Girard Trust Co, Phila
1
Feb 20 1906 3H
Feb 20 1906 3ft
Jan
1908
July
1908
1918
1919
1930
May
April
Jan
1904-05.
$1,609,989
8,176,373
4,676,622
and rentals
Dividends..
1903-04.
$1,437,578
7,062,655
5,985,060
1902-03.
$1,319,300
7,096,731
4,680,766
$56,487
Taxes
Interest
Nat Bk,
do
do
do
do
do
First
g
18,558,953
11,259,911
334,800
125,000
1,572,000
6,070,000
641,000
$43,138
$4,892,145
Balance
— Chairman of Board, D. G. Reid; Pres., B. L. Winchell;
Chairman of Exec. Com., B. F. Yoakum; V.-P., and Gen. Counsel, Robt.
Mather; 2nd V.-P. and Gen. Mgr., H. U. Mudge; Sec. and Treas., George H.
Crosby. N. Y.
71 B'way. — (V. 82, p. 750, 803, 927, 1040.)
CHICAGO ST. PAUL MINNEAPOLIS & OMAHA RY.— (See Map Chicago & North Western.) — ROAD. — Elroy, Wis., to Omaha, Neb., 593 miles;
other
1,093 m.; total, July
1905, 1,686 miles, of which 1,617 are
OFFICERS.
office.
lines,
1
owned and 69
V. 69, p. 1147. In Oct. 1904 purchased
Chippewa Valley & N. W. Ry., which was incorporated to construct a line
from Rice Lake, Wis., northeast about 100 miles, of which 46 miles operated
in July 1905, and Eau Claire Chippewa Falls & N. E. Ry., of which 49 m.,
Chippewa Falls, Wis., to Yellow River, operated.
HISTORY. This was a consolidation July 1880 of the Chicago St. Paul
& Minneapolis, the North Wisconsin and the St. Paul & Sioux City.
In November 1883 Chicgao & North Western Ry. purchased control,
miles leased.
—
viz.,
$9,320,000
common and
$5,380,000 preferred.
$21,403,293; preferred, $12,646,833.
Held by the company June 30 1905, common stock and scrip, $2,844,340;
preferred stock and scrip, $1,386,921.
Preferred stock has a prior right
to non-cum. dividend of 7%; but com. is never to receive more than pref.
DIVS. 1'91 '92 '93 to '96 '97 '98 '99 '00 '01 '02 '03 '04 '05
1906
Com.
3*4
-- None.
Feb. 3)4%
Pref. % J 4 6 V Since 7 per ann.(3 *A F.&A.)
2
BONDS. There are $75,000 Minneapolis Eastern 1st M. guar. 7s due
•Jan. 1 1909; $1,500,000 Superior Short Line Ry. bonds are owned. Chicago
St. Paul & Minneapolis 1st 6s, due 1918, and North Wisconsin 1st 6s, due
1930, are exchangeable at option of holder at any time, dollar for dollar, for
consol. 6s of 1880. due 1930.
V. 68, p. 521; V. 77, p. 2389.
LATEST EARNINGS.— From Julv 1 to May 31 (11 months), gross
$11,859,57'". in 1905-06; $10,936,050 In 1904-05.
REPORT. Year now ends June 30. Report for 1904-05, V.81 p. 1038
Years end. June 30
Year ending
1905.
1904.
Dec. 31 '03.
Gross earnings
$11,926,000 $11,438,292 $12,055,271
Operating expenses and taxes
7,726,662
7,676,528
7,435,860
STOCK.— Authorized common,
558667
22
%K-
—
—
1904-05.
1903(11.
1902-08.
7,232
6,978
7,205
$12,050,781 $11,697,033 $11,490,544
29,662.386 31,167,000 30,917,281
2,338,342
2,105,452
1,968,795
$44,051,509 1 14,969, 191 $44,376,620
$12,993 .300 $13. 194 .59S $16,317,455
1, 671, 487
1,526,172
1.333.833
Surplus of RR. Co.
Net from land sales.
—
.
—
$350,435
def.$l,313
$118,046
$71,197
(?)
(V. 79, p. 1955; V. 80, p. 221, 650; V. 81, p. 974, 1038, 1375.)
$14,519,472 $14,528,431 $17,988,942
sur. $154,269
—
CHICAGO SUBWAY CO. Incorporated in New Jersey on Nov. 21 1904.
Has acquired over 99M% of the $30,000,000 Illinois Tunnel Co. stock,
which has completed 40 miles of narrow-gauge electric tunnel railroad for
the transfer of freight from the various railroad terminals to the down-town
business district and proposes to develop and extend the system.
Controlled by Interests Identified with the leading railroads entering Chicago.
Also owns entire stock of Illinois Telephone Construction Co., the Tunnel
Co. operating over 8,000 telephones, to be increased to 10,000; also owns
entire stock Chicago Warehouse & Terminal Co.
V. 79, p. 2794, 2588, 2455,
501; V. 78. p. 820; V. 80, p. 163, 600.
Gov't mall contract, V. 80, p. 1110;
V
Rl,p.613. Tax decision, V 82, p. 1040.
Stock authorized, $50,000,000, of which $10,000,000 to remain In the
ury; par of shares, $100.
Bonds, see table above. V. 80, p. 163. The
.000 loan obtained for construction work secured by $4,000,000 Illi$3,
nois Tunnel .is. not included in the $17,000,000 outstanding as above, will
probably be paid off Dec. 1906.
(V. 82. p. 927.)
In May 1906 plans were
in contemplation for an Issue of refunding bonds.
DiV. 82, p. 1101.
re. -tors of Illinois Tunnel Co. now Include the Presidents of the St. Paul,
Atchison, Hock Island. Alton. Erie, C. I!. & Q.. Union Pacific, &c.
V. 79,
Pies., A. G. Wheeler.
2796,
(V. 82, p. 217, 927, 1040, 1101.)
—
1.
CHICAGO TERMINAL TRANSFER
CO.
— PROPERTY
consists
of
passenger and freight terminals In city of Chicago, lines of railway leading
thereto, and a belt line around the cltv.
Compahv owns 760 acres of land In
and adjacent to the city, of which 50 acres are In the center of the business
district: also Includes 7,500 feet of dock property on Chicago River.
Nearly
all land, including that upon which tracks have been built, Is owned In fee.
Track owned, 84 m.: leases from Chicago Junction Ry., in m.; trackage ,7 m.;
total. 101 m.; 2nd track, 57m.; sidings, 116 m.; total all tracks, 274 miles.
HISTORY. A reorganization In June 1897 of Chicago & Northern Pacific
and Chic. & Calumet Term., plan V. 64, p. 888, 898. In July 1905 it was
rumored that Interests representing the Penn. RR.. N. Y. Central and
Chicago & Eastern Illinois acquired control. V. 82, p. 570.
—
REORGANIZATION.—A
committee (Henry W. De Forest, Chairman)
representing the holders of large amounts of stocks and bonds, will prepare
a plan of reorganization.
Guaranty Trust of N. Y. offered to purchase
Jan. 1905 coupons on the general Is: the Julv 1905 and Jan and .July 1906
Interest was not paid.
In Feb. 1906 forein; V. 81, p. 154.
Y. 80, p.
It was begun under the mtge. 011897.
V.82,p.509. OnAprlll6
V. 82, p. 927.
Pres. John \. Falthorn was appointed receiver.
1906 $3,500,000 of 5% gold receiver's certificates were authorize,) .,, provide for elevation of tracks, of Which not exceeding $750,000
to be
prior to Nov. 1905
They are a Hen prior to the mortgage of
a
and payable on demand after Nov. 14 1906. V. 82, p. 1155.
1
1
1
Total Income
Where Payable, and by
When Due.
Net earnings
$4,249,472 $4,002,432 $4,328,609
Net rentals paid
121,283
124,2761
Net int. on debt (less Other income).. 1,484,066]
1,455,600
1,602,439
Div. on pref. stock
(7)787,976
(7)787,976
(7)787,976
Div. on com. stock
(7)1,298,885 (7)1,113,330 (6)1,113,315
Appropriation for Improvements
500,000
400,000
500,000
%
E
%
—
issued or hereafter to be issued to retire:
B. C. R. & N. Ry. 1st mortgage 5s of 1906...
6,500,000
Ced.Rap. la. Falls & N. 1st mort. 5s of 1921. 1,905,000
Choctaw Oklahoma & Gulf RR. (see that Co.) consol. 5s, hereafter to be issued to retire $5,500,000
C. O. & G. RR. general mort. 5s of 1919
5,500,000
Chicago Rock Island & Pac. Ry. gold 4s of 1902
(Choctaw Oklahoma & Gulf stock collateral)
22,410,000
notes of 1905 of D. R. Francis and John Scullin
6
($2,250,000 each) paid Jan. 1 1905
4,500,000
Hock Island & Peo. Ry.Co. consol. mort. 6s of 1925
450,000
Choc. Okla. & Gulf RR. equip, trust certificates...
2,360,000
"is.
(a)
(b)
(
When
Payable.
Rate
1906.
2
8 % 6^ Incl. Apr., 3
4)4 5 yearly.
%; Oct., 2 X, %'. in 1905, Jan.,
X, %. April, 3 %, July, 1
2%, April, 2%, Oct..
in 1906 Jan.,
from earnings of five
months. April, 1
July, 1%.
V. 81, p. 1791.
Special distributions to stockholders. Including $1 63 per share June 17
1905, see V. 80, p. 2398.
lnce'93, p.c);
p.c.J3H
In 1904, Jan., 1
Bonds
pal,
81.000&C $3,900,000
si
Ill,
•s
1900
1883
1900
1900
1900
1902
1903
Amount
Value.
of
Road. Bonds.
Frem Elk &
I
SUe, or
Par
Date
see notes
tables.
& North Western (Concluded)
Iowa Minnesota & Northwestern 1st M gold_F.c*&r
M V cons M $25,000 per mile assumed
Chicago
— PrinciStocks —Last
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
41
.
I
RAILWAY STOCKS AND BONDS.
42
Miles
column headings, &c,
of
on
first
page of
Date
of
Par
Amount
Value.
Outstanding
W
Receiver's certs S3 500,000 authorized gold
Chicago Term Transfer 1st M g $16,500,000. Us.c* &r
Chicago & Western Indiana Stock (see text)
General mortgage gold sink fund subj to call 105 ..c*
Consolidated mortgage $50,000,000 gold __IC.c*&r
Chicago & West Michigan See Pere Marquette RR
Chicago Wisconsin & Minnesota See Wisconsin Cent
Chihuahua & Pacific 1st M $2,000,000 gold
Ma
Choctaw & Memphis See Chic Rock Isl & Pac Ry.
Choctaw Okla & Gulf RR See Chic R I & Pac Ry.
Cincinnati Bluff ton & Chicago
1st M $1,500,000 gold
Cincinnati Dayton & Ironton See Cincin Ham & Day
Cincinnati Find & Ft \V
1st M gold guar end red. N.c*
Cincinnati Hamilton & Dayton
Common stock
"48
Day & Ironton
1st
M
1,000
1903
92
1,000
1903
,000
1906
1006
1887
1892
1892
1891
1904
1905
1905
1905
1004
New mortgage
,-
i-
142
4H%
&c
—
—
2084; V. si
,
.
p.
1241.— (V.
82. p. 509. 027. 1040, 1101,
1
m.; total, 48 m.; total track, including 2d, 3d, 4th tracks and sidings, 260
m.; also owns about 1,000 acres of real estate, passenger and freight yards,
warehouse
The Belt Ry. of Chicago leases and operates
&c.
82 miles of the 260 miles owned by the Ch. & W. I., its securities being all
held by the companies leasing the Chicago & W. I.; see V. 60, p. 1058.
LEASES. This company's road and terminals are leased under perpetual
contracts to tin Wabash, the Grand Trunk West., the Chicago & Eastern
Illinois, the Chicago & Erie and the Chicago Indianapolis & Louisville, each
of which five companies owns $1,000,000 stock.
They are also leased to
the Atchison, the Elgin Jollet & Eastern and the Belt Ry. The annual
is must always exceed by at least 20% the interest on the bonds outstanding. V. 78, p. 819.
—
6666666666
'!)5. '96. '97. '98. '99. '00. '01. '02. '03. '04. "05.
DIVS.
1906.
Percent.../ 7 >A
Inc.July,4H
BONDS. The general mortgage bonds are drawn at 105 and interest In
such annual amounts as will retire the debt bv maturity.
Of the consol. 4s of 1902 (authorized issue $50,000,000), $11,882,000
has been soid on account of track elevation and other improvements, $5,261,000 additional were used to refund bonds canceled by operation of the
sinking fund, $9,108,000 are reserved to retire underlying bonds and $23,740. ooi for lut ore additions equal to at least the par value of the bonds is
—
sued. V. 75, p. 732, 906.
ANNUAL REPORT— Fiscal year ends
V. 82,
14.'',.-),
p.
dlVS.
showing
Dec 31. Report for 1005 was in
Income, $1,620,715; interest, &c, Si ,273,959'
"
100; bal.,
V. 82,
SI
]'.
1
155, 1211, 1435, 1496.)
CHIHUAHUA & PACIFIC RR.— Completed April 1900 from Chihuahua,
Mexico, to Mlnaea, 125 miles. Extension from Elcarplo Jet. to Temosachic,
Hex., 55 miles, was completed July 1905, See Kansas City Mexico & Orint statement and V. 71 p. 181.
Stock Is $2,500,000; par of shares, $100.
Bonds, si
— (V. 79, p. 902.)
,
CHOCTAW OKLAHOMA & GULF RR.— (See Map of Rock Island.) —
Road owned
—
Miles.
"lies to
—
mines
27
Hopeneld, Ark., via Sayrc, O. T.,
Leased
to Texas State line
648 White & Black River Valley,
Brlnkley to Jacksonp't, Ark.
Hock & Hot Spg. West.,
Benton to near Little Rock
137 Trackage
T., to Ardmore...ll8
to Asher. O. T. 25
O. T., to Alva and An-
Halleyvllle,
i.
Tecumseh, O. T..
Geary,
thony,
hi
Springs,
I.
..
Ark.
Hot
and Malvern
to
Total
.1,105
%
,
—
,
CINCINNATI BLUFFTON & CHICAOO RR.— Projected from Huntington to Union city, tnd., 70 m.. or which Bluffton to Portland, 20 m., com
B
906 K he companj n urn
pleted
Stock, $1,1
Ion.
V. R2, p. 1211.
class, is
fng po
suable at $15,000 per mile
Bonds, see table
$100 each,
for year
net, $3,21 I; othei
te 30 r
above,
income, $17,207; total deductions, sii.oon; bal., def.. $23,489. Pres..S.
11
C. Curtis. Office, 616 TrlBracey; Sec, Chai
(V. 78, p.
Icago, III.
bun<
167; V. 7:», 1., 268, 626' V. 81, p.
1
i
'
,
i
.
l<
1
V 2, p. 1211.)
CINCINNATI PINDLAY A PORT WAYNE RY. Owns
31;
I
Imllay, O., to
Ham. & D.
V. 77, p. 88,
link with the Oln.
Fort Wayne, Ind., 80 no..; also
from Delpbos 10 Mandate, 12 m., completed Oct. 15 1904.
19
ra
Lea ed to Cincinnati Hamilton it
694,
c
V
1908, with privilege of renewal for like oecio
1
M &
S Title Guar
M
N
g
&
Broadway, N
Office, SO
& Tr
Co.
Trust Co of Amer,
Y May
N Y Sept
N Y Nov
,130
& J J P Morgan & Co, N Y
do
J
& D
do
5 g
4
A & O
do
do
M & N
5 g
do
do
4 g
do
& J
do
Jan 06 coupon not paid
4H J &
g|M & S March '06 coupon not pd
gA & O J P Morgan & Co, N Y
4Vn
4H gA & O R Winthrop & Co, N Y
5
J
& J.JP Morgan & Co, N Y
4Y
2
1947
1
1
'06
1
1932
1952
1
1
1933
1
1H
1949
1923
1
Dec 24 1903 2%
Jan
1907
Cincinnati
Text.
g
.1
.1
— (V. 79,
1907
1937
1 1942
April
1942
May
1941
July
1954
Jan
1955
1908
Sept
To April 1 1916
Oct '06-Oct '14
Jan 1 1911
July
Jan
June
from Nov.
78, p. 286
p. 2696.)
FLEMINGSBURG & SOUTHEASTERN RR.— V. 81, p. 507.
GEORGET. & PORTSMOUTH RR.— See Street Railway Section.
CINCINNATI HAMILTON & DAYTON RY. — Thesystem Includes:
CINCIN.
CIN.
—
—
Miles.
Road owned (a See this Co.) Miles.
Proprietary roads
Cincinnati to Dayton, O
59|Cincinnati Ind. & Western
a361
167 Cincinnati & Dayton
13
Dayton to Ironton, O
94 Columbus Findlay & Northern. _
18
Dayton to Delphos, O
19
Trackage
62 Bowling Green RR
leased
|
—
Dayton & Michigan
Cincin. Find.
Home
Ave.
&
Ft.
RR
Piqua & Troy Branch
ol42 Pere Marquette RR
«92 Chic. Cin. & Louisv
Wayne
1
8
x2 .396
z264
3i
Total of all
aSee separate statements.
3,698
I
x Control acquired In July 1904.
Has control of the Pere Marquette RR.; also owns Dayton & Union
jointly with Clev. Cin. Ch. & St. L. and jointly with Southern Ry. controls
Cin. New Oil. & Tex. Pac. Ry. Y. 75. p. 978.
CONTROL, &c. In Sept. 1905 the Erie RR. arranged to acquire
control by purchase through J. P. Morgan & Co. of about $5,000,000 stock,
but the obligations of the C. H. & D. under leases and other contracts, being found unduly heavy, Mr. Morgan, in Nov. 1905, relieved the Erie of its
On Dec. 4 1905 Judson Harmon of Cincinnati
purchase. V. 81, p. 1609.
was appointed receiver of the C. H. & D. and Pere Marquette, the floating
debt of the system being about $5,000,000. In April 1906 foreclosure suit
mortgage of 005 and steps, it was understood
was brought under the 4 v,
were about to be taken to foreclose 4 _. notes of 1905. V. 82, p. 803. 1040.
The receiver obtained authority to issue $931,010 receiver's certificates
& D. and Pere Marquette bonds,
to pay the interest due Jan. 1 1906 on
except the Pere Marquette collateral trust bonds ($3,500,000) secured by
stock. The certfs., sub. to call at par from Aug. 1906,
Chic. Cin. & Loulsv.
are a lien on entire properties, respect It elj no mention being made in order
as to priority over bonded debt. V. 81, p. 1847; V. 82, p. 160. The same
amount of certilieates was issued to pa. July 1006 coupons. V. 83, p. 36
In Dec. 1905 the directors voted to annul the purchase of control of the
Pere Marquette and the Chic. Cin. & Louisville (which see) and the lease
of the former. V. 81, p. 1791; V. 82, p. 48, 160, 750.
Committee for Refunding 4s of 1904. A committee, James N. Wallace,
Chairman; Fred. C. Randall, Secretary (Central Trust Co., depositary),
requested deposits. V. 81, p. 1664.
Notes.
James N. Wallace, Chairman. V.
Committee for Collateral 4 >.;
81, p. 1664, 1723; V. 82. p. 500, 568, 803.
The stockholders on Jan. 12 1905 authorized a lease of the Pere Marquette
RR. for 000 years. V. 79, p. 2696; Y. 80, p. 162; Y. 81, p. 899. Under
on common and 4
lease of Pere Marquette, the C. H. & D. guaranteed 5
on preferred stock, $12,834,450 of the $16,000,000 outstanding common
and $1,487,800 of the $12,000,000 preferred being owned by C. H. & D.
Toledo Terminal & Railway bonds, see that company.
STOCK. In 1904 most of the $6,925,500 5 pref. and all of the $1,074,pref. stock was purchased by the company at $110 and $100 per
500 4
V. 79, p. 733, 786, 902, 1461. See notes of 1905 below.
share, respectively.
November, 1S95, to Aug., 1905.
DIVIDENDS since consolidation
yearly.
Preferred, Issued In 1895
paid Dec. 24 1903; none since to Oct. 1905.
common, 2
On
BONDS, &c. The stockholders on Jan. 12 1905 authorized a new mort.
bonds, of which $25,000,000 to be reserved
to secure $50,000,000 of 4 H
to retire at or before maturity a like amount of existing bonds shown In
table (none of which except the Dayton cS: Michigan bonds, can be extended). V. 79, p. 2696; V. 80, p. 162.
The $15,000,000 gold collateral notes of 1005 are secured by an equal
amount of consol. 4 'is, the greater part ($7,750,000) of the preferred 4
stock of the C. II. >V I).. $375,000 bonds of constituent companies,
and 5
and 7,501 shares of Southwestern Construe! ion Co. stock, representing Joint
ownership with Southern Ry. of control of the Cincinnati New Orleans &
Texas Pacific Ky. Proceeds used to Hind obligations Incurred chiefly to retire preferred stock and pay in part for control of the l'ere Marquette RR.
V. 80. p. 1058.
The refunding 4s of 1001 cover all the road directly owned, t he leases of
the Dayton & Michigan and Findlay Fort Wayne A Western, and are further secured by deposit of $11, 000, 000 Pere Marquette common stock and
$7,115,800 (entire StOCk issue) Of Cincinnati Indianapolis & Western RR.
Of the bonds, $9,977,000 were sold to provide f01 purchase oi Pere Marquette
stock and Improvements. V. 70, p. 212; v. so. p. i«2; V. 81, p. 154.
Guarantees seourltles of Cin. ind. & West., Dayton &
Mich, and cin. find. 4 Ft. Wayne; also $933,000 Ind. Dec. & West 5s and
$6,000,000 l'ere Marquette refund. 4s.
REPORT. -Fiscal J ear ends .Mine .'to. Report In V. 82. p. S6S.
1002-3.
1904 ...
1903 4.
Year end. June 30
—
NEW
%
1
<
,.
OH,
.
,
%
—
—
%
%
%
—
%
5%
—
Halleyvllle to VVilberton.
22
STOCK. Com. stock, $9,827,500; pref. ,'5 cum., $6,000,000, all owned
by the Chic. Book Isl. & Pac. By., which In 1904 leased the road for 999
years from March 24 1904, the rental covering Interest on bonds.
Dividends paid to Dec, 31 1903, sect "Supplement" of Jan. 1904. Sec V. 74, p.
775, and also p. 820, 986, 1364; V. 78, p. 401.
HON DS. -The eonsol. mort. of 1902 Is for the authorized amount of $1 ,000,000 on tin
iertles and $15,000 per mile for each mile of railroad
now owned or ber<
-structed, an amount equal to the outstanding
gen. and C. & M. 5a being reserved to retire the same. Full data In V. 77,
Chic. It. I. & Pac. Ky. 4s of 1904 are reserved to take up consols
p. 23.?6.
of 1002 Issuable to retire $5,500,000 gen. 5s and also car trusts.
V. 78, p.
abject to call at 105 for sinking fund of
Little Rock Brldg
234.
V. 71 p. 002.
$20,000 yearly.
Car trusts, see table above: V. 73, p. 1312;
1356; V. 71. p. 727.
t, Ac, In V. 77
REPORT. -Balfl
p. 2336. Year ends June 30.
Year
Otli.
Qro
Hul. sitr.
inc.
Charges.
Net,
1902-02
$6,251,658
$1,039,275
$2,120,951
$19,083
$1,101,659
Report for (900-01 In V. 74, p. 149, 203, 312.— (V. 78, p. 988, 2598.)
—
5 g
6
%
Little
Benton
39
M & N
—
6
,200 ,000
Roads
system of roads affording entrance into Chicago to the roads named below.
Its lin< s extend from Dearborn Station, Polk St., Chicago, to Dolton, 17 m.
also to Indiana State line, 10 m., to Cragin, 16 m., and to South Chicago, 5
"I
5 g
5
4
Stock, $1,250,000, all owned by the Cin. Ham. & Dayton, which guarantees
bonds, principal and interest.
Mortgage is limited by special agreement to
$1,150,000, or about $12,500 per mile.
Bonds are subject to call at 102 J^
and interest. V. 78, p. 286, 342, 701. Form of guaranty, V. 78, p. 701.
I
CHICAGO UNION TRANSFER RY.—V. 72, p. 872; V. 73, p. 1207.
CHICAGO & WESTERN INDIANA RR. — Owns a valuable termina'
—
4 g
5
notes.
TENANTS. Bait. & Ohio, Chicago Great Western, Chicago Junction,
Pere Marquette (the last named since Dec. 1903). See V. 77, p. 948,
2158: V. 79, p. 901.
Minimum rentals receivable from tenants amount
to $513,500 annually.
See V. 79, p. 2084.
SECURITIES.— Stock.— $13,000,000 com. and $17,000,000 4% noncum. pref. Of the $16,500,000 1st 4s, $1,305,000 are reserved to retire
assumed bonds. V. 79, p. 901.
LATEST EARNS.—9 mos.,1 1905-06. .Gross, $1 ,301 ,06!); net, $461,594
Julv 1 to Men. 31.
/1904-05.. Gross, 1,135,260; net, 411,313
REPORT. Report for year ending June 30 1905 given in V. 81, p. 897,
shows, gross, $1,540,113; net, after deducting taxes, $488,455; interest,
$657,500; bal., def., $169,045.
Pres. and Gen. Mgr.. J. N. Faithorn, Chicago, 111.; Sec. and Asst. Treas.,
W. T. Wisner 2d, 30 liroad St.. N. Y. New directors Oct. 1905, V. 79, p.
1611
Dividend.
&
&
M &
M &
July
J
& J See text
Q J Chicago
July
Q — M J P Morgan & Co, N Y Dec
J
& J 111 Tr & S Bk. Chic; &NY July
J
J
5
3,500 ,000
8,500 ,000
a2,500 ,000
15,000 ,000
1,080 ,000
1,560 ,000
2,728 ,000
1,000
1,000
1,000
1,000
1881
A &
4
2,000 ,000
3,000 ,000
1
&
J
4
1,150 ,000
4g
8,000 .000 See text.
511 ,830
5J4
51
,000
3H
5
When Due
N Office 52 Wall St, N Y Nov 1 1915
do
do
D
June 1 1930
D
do
do
June 1 1930
D First Nat Bk, NY; & Chic Dec 1 1928
O Northern Tr Co, Chicago 1929
J
July 1 1907-'09
D Mercantile Trust, N Y June 1 1936
N To City of Chicago
May 1 1938
N
See text
a
See text.
1,000
1,000
1,000
1,000
Whom.
6
2,000,000
100
g guar (assumed) .Ce.c*
—
,000
1
1,000
100
1899
69
60
95
164
Refunding mortgage $25,000,000 gold... Usm.c* &r
Ce
$50,000,000 authorized
Gold collateral notes subject to call at 101
Ce
Car trusts gold $54,000 due seml-an beg Oct '06. Ce.c
ICar trusts $92,000 due semi-annually
Dayton & Michigan first mortgage guar p & i end..c
Cincin & Ind Western See Chicago Cincin & Loulsv
a $15,000,000 additional pledged under collateral
1,000
89-92
1 ,000
1902 1,000 &c
125
(lo
do
do
Second (now first) mortgage gold
c*
General mortgage $7,800,000 gold
Me.c*
Cincinnati Dayton & Chicago first mortgage
i-;Cincin
17,000,000
665,000
1,001,250
394,000
650,000
See text
15,140,000
5,000,000
8,963,667
17,143,000
1006
1897
91
—
— —
—
— —
—
—
—
—
Receiver's certificates (see text)
;
1,000
1886
Where Payable, and by
Payable.
%
$350,000
15,000,000
2,929,000
1903
1899
27
$1,000
1,000
1,000
pal,
When
Rate
1890
1880
1880
37
—
;
i
Road. Bonds.,
tables.
Bonds
Sise, or
of
see notes
Chicago St Paul Minn & Omaha— (Concluded)
c
Sault Ste Marie & Southwestern 1st M assumed
C St P M & O mort 530,000,000 ($15,000 p m) .Ce.c*
do
do
consols Interest reduced
Chicago Southern See Southern Indiana.
Chicago Sub— 111 T 1st M $30,000,000 g red 105_.EC
Chicago Dock M assumed red 105 (V 68, p 333) ..
Notes secured bv 2d M Chic Dock due $333,750 yrly
Chicago Term Tr RR Ch & Gt
1st M gold ass'd-.c*
City of Chicago purchase money mortgage assumed
—
—PrinciStock* — Last
IXTEREST OR DIVIDENDS.
RAILROADS.
For explanation
[Vol. lxxxiii.
%
%
%
GUARANTIES.—
Miles operated
Gross earnings
,1
Income
Deduct Interest on bonds
ni ,1 est on bin
pa abli
I
1
.V
M.
RR
com. StOCk D. A: M Illl.
com. si ock ome Ave,
com. stock C. I. & W. Rl
Other rentals
.
1
$8. 272. 152
2,210. 125
1
29,792
96,900
88,802
528.486
055,571
9
1
or. ,'.100
8 1,066
84,060
1,000
126.708
5.000
167,322
.,,000
1
156,095
)
$2.1 18,897
.del $363,779
1.015
$8 12 1,021
96,900
Dlv, pref. stock C. II. A D. By
Dlv. com. stock C. H. d. D. Rj
Total
Surplus.
,068,608
1
.
pref. stock D.
l>.
18
785,1 18
I
Dlv.
Dlv.
Dlv.
Dlv.
1.015
,088
$8 106,1
$1
889 228
.237
ICO, 000
..SI
I
,13
1
$S9U 239
010.564
$611,922
SI
—
c
RAILROADS.
of
page of
Date
of
of
see notes
& West— Ind Dec &Jnot guaranteed — Ce
red
W&1st M goldref Mat 110._\guar gu & &(end) c
p
end._Ta
$8,200,000 g
W 1st &
p
C
text)
Cincinnati Inter-Terminal RR — 1st pfd stock
Cincinnati Lebanon & Northern — First mortgage
conM $1,500,000 g gu p & lend (V 75 p 1398) .C
Cin & Musk Val — 1st M $2,000,000 g gu p & end.F.c*
Cincin N O & Tex Pac Jet— Com stock $3,000,000..
i
I
I
(see
c
1st
i
1
cumulative $3,000,000
Equipment bonds due about $85,000 semi-annually
do
do
due $97,000 semi-annually .. _
Cincinnati Northern
1st M $3,000,000 gOld__G.c*&r
86
Cincinnati Richmond & Ft
1st M gold int guar__c*
Stock 6 % rental
Clearfield & Mahoning
G.c*&r
26
First mortgage gold guaranteed
Cleveland Akron & Columbus Stock $4,000,000
gold..
177
General mortgage (now first)
end
First consol M $4, 000 ,000 /guaranteed p &
1188/
gold sinking fund
not guaranteed
\
I
1
.
._
.
Car trust** $75 ,000 due yearly
Cleveland Cincinnati Chicago & St Louis
—
W—
—
— BR4P
i
stock ($40,000,000 authorized)
non-cumulative
Preferred stock 5
drawn at 105 sinking fund 1 %.c*
C I St L & C con
Gen 1st
$10,000,000 gold s f not drawn Ce.c&r
Cleve Col Cincin & Ind consol mortgage (see text)
Gen consol mortgage ($12,000,000) gold. Us.c'&r
Indian & St L 1st
in 3 series of $667,000 __ Us.
2d
($2,000,000) sold Indianap to Terre H.c*
CI Cin Chic & St L White Wat Val Div 1st g..Ce.c*
gold
Ce.c*
Spr & Col Div (Col Sp & Cin) 1st
Cairo Division 1st
Ce.c*
$5,000,000 gold
St L Div collat tr gold ($351,000 in s fi ...Ce.c&r
Cincin Wab & Mich Div first mort. gold
Us.c*
General
100 years for $50,000,000 goldMe.c*&r
Obligationx for Proprietary Lines.
Cincinnati Sandusky & Cleveland Preferred stock
Consolidated (now first)
($3,000,000) gold.AB.c
%
M
M
189~3
100
100
1,000
1,000 &c
1
,001',
1,000
1,000
1,000
1,000
500 &c
1,000
1,000 &c
1
,000
1,000
—
M
,000
1,000
1,000
1888
203
M
1
100
500 &c
1887
1900
1900
1905
170
M
M
Amount
Outstanding
$1,000
1,000
1,000
100
1,000
1,000
1,000
100
100
1,000
1.000
1,000
1,000
50
1904
1906
1901
1871
1,021
391
391
72
72
62
45
267
194
M
M
Par
1880
1886
1874
1884
1869
1882
1890
1890
1890
1890
1891
1893
175
50
1,000
—
OFFICERS. Pres., F. D. Underwood; Gen. Mgr., William Cotter:
Treas., J. E. Howard: Sec, Thos. J. Walsh; Asst. Treas., D. W. Bigoney;
Asst. Sec. David Bosnian.
Directors
F. D. Underwood, Charles Steele, Samuel Spencer, Geo. F.
—
Baker, Geo. W. Young, H. McK. Twombly, R. R. Rhodes and Richard
N. Young New York; Russell Harding and J. E. Bruce, Cincinnati; Chas. A.
Otis, Jr., Cleveland, Ohio; W. L. Dechant. Middletown, Ohio.
(V. 82,
p. Kill. 51)9, 563. 568,750, 803, 986, 1040; V. 83, p. 36.)
—
CINCINNATI INDIANAPOLIS & WESTERN RR.— Hamilton,
O., to
Springfield, 111., 296 m.; Sidell, 111., to West Liberty, 78 m.; trackage, West
Liberty to Olncv, 8 m. A consolidation Sept. 1902; V. 75, p. 239, 289, 197,
732.
Stock authorized, $8,200,000; issued, $7,115,800; all owned by C. H.
& D., which received dividends thereon in 1902-03, $126,798; in 1903-04,
$167,322; in 1904-05, $156,095.
BONDS. The "first and refunding" 4s of 1902 ($8,200,000 authorized
Issue) are guaranteed, principal and interest, by C. H. & D. by endorsement on each; $4,722,000 were issued in exchange for existing bonds, of
which $59,000 in the Cin. Ham. & Dayton treasurv; $3,478,000 are reserved
to retire Ind. Dec & West. 5s.
V. 75, p. 1201, 1353; V. 77, p. 1290; form
of guaranty, V. 78, p. 2011.
The J. D. & W. bonds are redeemable by lot at 110 at any time on eight
weeks' notice; $933,000 are guaranteed by Cin. Ham. & Dayton. Car
trusts June 10115, $166,000
equipment notes, due yearly to Nov. 1
1911, inclusive. Interest AT. &
EARNINGS. Year ending June 30 1905, gross, $2,272,312; net, $567,181; charges, $411,086.
(V. 79, p. 2696.
—
4%
N
—
—
CINCINNATI INTER-TERMINAL RR.— Owns a road connecting the
Ches. & Ohio bridge and the Cincinnati Ham. & Dayton terminals.
Controlled by Ches. & Ohio Ry. Common stock, $10,000, in $100 shares, issued
for purpose of control.
There will be issued $1 .000,000 of 1st preferred 4 %
cumulative stock, secured by mortgage to the Union Savings Bank & Trust
Co. of Cincinnati, as trustee, and rentals paid by Ches. & Ohio and Louisville and Nashville, and subject to call on any interest day after Feb. 11015
at 105. V. 79, p. 212; V. 80, p. 1728, 2398, 2620. Pres., Geo. W. Stevens.—
(V. SO, p. 2620.)
CINCINNATI LEBANON & NORTHERN RY.— Owns
Cincinnati, O., to
to Dodds, leased to the
Dayton Let). & Cin. RR.; Middletown Jet. to Middletown, O., 14 miles
(former .Mid. & Cin. RR., taken over Jan. 1 1903); total, 52 miles. Stock
Dodds, 38 miles, including
6
miles from
Lebanon
authorized, $1,500,000; outstanding, $993,000, mostly owned by Penn. Co.
V. 75. p. oso. Of the $1 ,500,000 first consol. 4s of 1902, guaranteed principal and interest by the Pennsylvania Company, $200,000 are reserved to
retire the 5s due 1916.
V. 77, p. 86. Cal. year 1905, gross, $298,152;
net, 573,203; charges, $65,204.
(V. 77, p. 86.)
—
CINCINNATI & MUSKINGUM VALLEY RR. — (See Map
Pittsburgh
Cincinnati Chicago &
Louis.) — Owns Morrow, O., to Trinway, O., 148
half interest Zanesville Terminal RR.,
miles.
86.
V. 77,
of
St.
miles;
5
p.
1898 to Cincinnati & Muskingum Val. Ry., foreclosed.
V. 67, p. 27.
Of the bonds $400,000 are reserved for future needs; sinking
fund retires yearly 1 % of those outstanding, if offered at par or less. The
Pennsylvania Company guarantees the bonds, principal and interest. See
form of guaranty, V. 76, p. 653. Stock, $2,000,000, all owned Jan. 1 1906
by the Pitts. Cin. Chic. & St. L. Ry. Dividends: 1900, 6%; 1901 to 1905
incl., 2% yearly.
Penn. RR. owns $1,318,000 of the $1,750,000 bonds.
Car trusts, $156,783 3y s, payable $22,400 yearly to June 1912.
2
Report for 1005 was in V. 82, p. 1494, showing-:
Yr. end. Dec. 31.
Gross.
Balance.
Net.
Interest. Dividends.
1905
$834,095 $179,752 $64,000
(2%)$40,000 $75,752
H)'°4
704,371
137,621
64,000
33,621
(2%) 40,000
Payments In addition to above in 1905 were $17,415 for additions, Improvements, &c. (against $13,156 in 1904), and $17,126 on account of car
trusts and other Interest
(V. 81 p. 270; V. 82, p. 1494.)
Successor Aug.
1
—
CINCINNATI
—
,
NEW ORLEANS & TEXAS
PACIFIC RY.— (.See Map of
Southern Ry., owned by city of Cin-
Southern Ry.)
Operates Cincinnati
cinnati, Cincinnati to Chattanooga, Tenn., 336 m.; trackage, 2 m.
In
Jan. 1903 the entire stock of the Harrlman & Northeastern Ry., 22 miles,
was acquired, but road Is operated separately. V. 77, p. 1743.
In 1901 lease was extended 60 years to Oct. 12 1966; rental until Oct. 12
1906 was modified beginning July 12 1902 to $1 ,050,000 yearly, the remaining $;>0,000 per quarter to be deferred as It accrues and to be paid quarterly
at rate of $40,000 yearly, with interest on deferred payments at 3 %; rental
under renewal to be $1,050,000 yearly for first 20 years, then $1 ,100,000 for
20 years, thereafter $1 ,200,000.
Pref. stock
V. 73, p. 722; V. 74, p. 1251.
cum., with no voting power, but prior rights on dissolution. V. 74,
p o 2 8 829.
8%
.
,
DIVIDEND.— On pref., H%.
elusive.
On
paid quarterly Sept.
1906,
1902 to J
common, :":, paid Dec.
1903 out of accumn
iinrs to June 1903; Sept.
1904, 2%; June 1905, 3",: Dec, 2 ',,: June,
In Marcb 1904 issued $1,200,000 equipment bonds.
1906, 3%.
V. 78,
The equipment 4 Vis of 1906 mature $97,000 Mini annually. V.
p. 1391.
1
1
1
1
1
82, p. 928.
STOCK.— Common,
$3,000,000, controlled In interest of Southern Ry.
V. 61, p. 26; V. 65, p. 1173.
LATEST EARNINGS.— 1 1905-06.. Gross, $7,703,219: net, $1,860,143
July 1 to May 31. j 1 904-05. .Gross, 6,736.913: net
11 mos
,580.674
REPORT. Report for 1904-05 was in V. 81 p. 1432, showing
gross, $7,358,618; net, $1,717,770 (against $1,597,421 In 1903 04); other Income, $34,467; rentals, $1,179,700; Interest, $44,098; improvements. SI 15,
990: dividend on pref. (5%), $100,000; div. on com. (3%), $90,000; bal..
sur.. $192,450.— (V. 80. p. 2620; V. 81 p. 1241. 14.!^; V. 82, p. 867, 928.)
and Cincinnati Hamilton & Dayton Ry.
,
ANNUAL
—
.
1
,
CINCINNATI NORTHERN RR.— (See MapClev
Louis.) — Owns Prapklln, O.. to Jackson, Mich., 208 mile-.;
C. & St. L.), Franklin to Cincinnati. 38 miles; at Jackson
Chicago & St.
trackage (C. C.
>.
1
— PrinctStocks — Last
mile.
Bonds
pal.
Value.
262 |189o
\1895
381 1903
Text.
38 1886
52 1902
148 1898
%
43
Size, or
Road. Bonds.
tables.
Cincin Ind
Common
"
INTEREST OR DIVIDENDS.
MUes
column headings. &c,
first
Preferred stock 5
—
RAILWAY STOCKS AND BONDS.
July, 1906.
For explanation
on
——
M
F
J
-
When
Rate
%
Where Payable, and by
Whom
Payable.
5 g
J
& J
$2,229,000
J
933,000
5 g
& J
J
& J
4,672,000
4 g
F & A
4
650,000
5
200,000
J
& J
4 g
M & N
1,291,000
F & A
1,750,000
4 g
Text.
3,000,000 See text.
2,000,000 5 in 1905
4
M & S
860,000
& N
1,938,000
4J^ g
4
J
& J
1,000,000
J
& D
1,800,000
7 ff
6
J
750,000
& J
J
650,000
& J
5 g
4,000,000 2 in 1905
& S
5 S
1,800,000
& S
4 g
F & A
1 ,023,000
F & A
689,000
4 g
750,000
Q—
M
M
M
M
Q—
M
35,595,163 4 in 1905
& S
10,000,000 5 in 1905
647,000
6
& N
7,545,000
4 g
4,138,000 7 or 6 g J
& D
J
3,205,000
& J
6 g
7
Various
2,000,000
500,000
& N
6 g
4 g
650,000
J
& J
1,103,730
4 g
& S
J
5,000,000
4 g
& J
10,000,000
4 g
& N
J
4,000,000
4 g
& J
20,817,000
4 g
J
& D
do
5g
M
J
Co.
,
Jan
Jan
Jan
1935
1935
1953
1
1
1
Cincinnati
Cent Tr & S D Co, Cincin Jan 1 1916
do
do
Nov 1 1942
Farmers L & Tr Co, N Y Aug 1 1948
June 25 1906 3
Cincinnati
do
June 1 1906 1 M
Sep '06-Mar '11
Blair & Co, New York
Equitable Trust Co.,N Y Nov '06-May '16
Guaranty Trust Co, N Y July 1 1951
June 1 1921
Winslow, L & Co, N Y
Checks mailed
July 1 1906
36 Wall Street, New York Jan 1 1943
Checks mailed
Mar 26 1906 1 %
Winslow, Lan & Co, N Y Mar 1 1927
Aug 1 1940
Hamilton Trust, Bklyn
Aug 1 1940
do
do
2%
P Morgan & Co, N Y Mar
do
do
do
do
do
do
do
do
do
do
do
do
do
1 1906
July 20 '06 1
May 1 1920
Aug 1 1936
June 1 1914
Jan 1 1934
July 1 1919
Nov 1 1912
July 1 1940
Sept 1 1940
Jan 1 1939
Nov 1 1990
July 1 1991
June 1 1993
do
do
.1
do
do
Jan
do
do
do
do
do
do
do
do
do
do
do
do
do
M
M
M
6
N Y
N Y
do
P Morgan &
Q—
428,997
2,571,000
Dividend.
Central Trust Co.,
J
When Due.
& N
& J
May
1
1
Ji
1906 3%
1928
Successor In June 1897 of Cincinnati Jackson & Mackinaw, foreclosed.
V. 65, p. 621; V. 72, p. 338, 1034. 1135; V. 73, p. 31. The holdings of Clev.
Cin. Chic. & St. L. are valued in balance sheet of Dec. 31 1904 at $1,105,387.
V. 75, p. 454, 457. STOCK $3,000,000.
In year ending Dec 31 1905,
gross, $847,230; net income, $82,533; charges, $77,860; bal., sur., $4,673.
Prest., M. E. Ingalls.
See report, V. 70, p. 581.
(V. 81, p. 1314.)
—
WAYNE
CINCINNATI RICHMOND & FORT
—
Owns from Richmond, Ind., to Adams. Ind., 86 m.; leases 5 m. of P. Ft. W. & C. Now opcrated (Dee. 1905) by Grand Rapids & Indiana Ry.
Rental, net earnings.
Int. is guaranteed by the Pennsylvania Co. and Pitts. Cin. Chic. & St. L. Co.
jointly (the P. C. C. & St. L. taking the place of the Cin. Ham. & Dayton In
1888). Stock, $1,709,313— par, $50, of which Penn. Co. Dec. 31 1905 owned
$1,256,900.
Due guarantors Jan. 1 1906, $1,507,459.
Year ending Dec. 31.
Interest, &c.
Balance.
Gross.
Net.
1905
1904
RR.
def. $11,549
$114,451
$126,000
76,367
126,000
def. 49,633
MUNCIE.— See Chic. Cin. & Louisv. RR.
$629,525
605,322
CINCINNATI RICHM'D &
CLEARFIELD & MAHONING RY.
Owns road, completed in 1893, from Du
Clearfield on Beech Creek RR. 26 miles.
—Bois
(See
—
Buf. Roch. & Pitts.)
on Buf. R. & P., to
Leased during corporate existence
and renewals thereof to Buffalo Rochester & Pittsburgh which see at a
rental payable in gold and equal to 6 % on $750,000 stock, par $50, and 5 %
on bonds, the latter being guaranteed, principal and interest, by indorse-
Map
Jet., Pa.,
—
,
ment on each.
— (V.
—
61, p. 710.)
CLEVELAND AKRON & COLUMBUS RAILWAY. (See Map
Cin. Chic. & St. L.) — Owns from Hudson, O., to Columbus, O.,
of Pitts.
144 m.;
Dresden branch, Kilbuck to Trinway. 33 m.; Apple Creek branch, 9 m.;
coal spurs, 3 m; total owned, 190 miles; trackage, Trimvay to Zanesville,
17 m.
Owns a fourth interest in Akron & Barberton Belt RR., 24 m.
V. 76. p. 435.
Penn. Co. took control June 1 1899, purchasing $2,237,500 of the $4,000.
000 stock (par $100)
Dividends, 2 % yearly, paid Sept. 1901 to Mar. 1906
(M.-S.)
Of the 1st consol. gold 4s of 1900 (Commercial Trust Co. of Philadelphia, trustee), $1,023,000 are guaranteed principal and interest by the
Pennsylvania Company. $1,800,000 are reserved to retire the general 5s
due 1927; V. 71. p. 390: V. 76, p. 653; V. 77, p. 1746, 2280. Report for 1905
in V. 83, p. 152, showed:
Gross, $1,852,093; net, $495,308; other income,
$8,481; interest on bonds, $158,992; div. (2%), $80,000; other charges
.
.
$193,940; bal., sur., $70,857.
— (V. 81, p.
28; V. 83, p. 152.)
CLEVELAND CINCINNATI CHICAGO & ST. LOUIS RY.— (.See Maps
X. Y. Central & H. R. RR.)
ROAD. — Radiates from Indianapolis, Ind.,
.
westerly to Chicago, Peoria, Cairo, 111., St. Louis, easterly to Sandusky,
Cleveland Columbus and Cincinnati, O., and southerly to Louisville.
Miles.
Owned directly
Miles.
Leased and controlled
Cleveland, O., to Columbus, 0..138 Cincinnati & Springfield Ry.
44
Galion, O., to Indianapolis
26
203 Colum.Hope&Greensb'g RR...
Delaware to Springfield
.Joint I u operated
50
,
44
Cincinnati to Lafayette
175 Chic. Ind. & St. L. Short Line ..
32
Indianapolis to Terrc Haute
Trackage into Ciniennati,
72
53
Harrison Branch
Jeffersonville.
into
7 Trackage
48
Leased entire stock owned
Trackage into Toledo
Cin. Lafayette & Chic. Ry
57
Cairo Vincennes & Chic. Ry
Total Included in earnings. 1 ,983
/>< rated; earns, kept separate
Cairo, 111., to Tilton & branch. 267
'351
St. I.. Div. T. H. to E. St. L..193 Peoria & Eastern Ry
*248
Columbus Springfield & Cin.
Cincinnati & Northern
Columbus, O., to Springfield.. 45 Kankakee & Seneca
42
White Water Harrison, Ind., to
\lt. Gilead Short Line
2
*3
Hagerstown, Ind
62 Louisv. & Jeffersonv.. Bridge
—
—
|
—
—
&c
—
—
—
1
'
RR
—
Cin.
—
Wabash & Michigan Ry.
Benton Harbor to Rushville &
Total of system Dec. 31 '05. .2,628
B ranch
249 Trackage 111. Cent, into Chic.]
Other lines.
44
On percentage basis
j
Cincinnati Sandusky &Cleve.Ry.
Operates independently
Sandusky. O., to Day'n,O.,&c.l70 Dayton & Un. RR. (*)
47
* See this
218
company.
Double track
A 45-mile cut-off between Hlllsboro, 111., and Mitchell, near St. Louis,
under the charter of the Chicago Indianapolis & St. Louis Short Line was
opened July 1 1905. See "General Finances" below. V. 75. p. 1086;
V. 77, p. 517; V. 79, p. 785, 1331.
In Sept. 1904 a trackage arrangement
was made with Hocking Valley Ry. for use of latter's tracks between Toledo
and Carey. 48 miles, affording through line between Toledo and Cincinnati.
V. 79, p. 1023, 2690. As to Centra] rndlana, 137 miles, see thai company.
—
HIiSTORY, &c— A consolidation of the Cincinnati Indianapolis St .Louis
& Ch cago Hallway Co., the Cleveland Columbus Cincinnati & Indianapolis
Railway Co. and the Indianapolis & St. Louis Railway Co.. made in July
1889, per plan in V. 48, p. 427. Of the com. stock, $18. 752.7m) was on Jan. 1
with the
1906 owned by the L. S. & Mich. So. Ry., this amount.
private holdings In both stocks by the Vanderbllt family, being, It is understood, a majority of the entire share capital. V. 72,
P- ' 4i>The company Is also one-fourth owner of Peoria & Pekln Union Ry.
(through the Peo. & East. Ry.) one- fourteenth owner in Terminal RR.
Association of St. Louis, and two-fifths owner of Indlanap. I nlon Ry.. and
part owner of Cent
Indiana Ry., Cent. Union Depot & Ry. of Cincinnati.
Union Depot of Columbus. Dayton nlon Ry., Dayton (c Union RR., Muneie Belt Ry. and Flndlay Belt Ry.. which are operated Independently.
CAPITAL STOCK.— On Jan. 1 1890 the common stock was $20,500,0.00;
It has been Increased to acquire stocks of lines absorbed, &c.
to increase In 1905. see "Gel
inces" below.
190 ^'
DIVS. 1 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 to
Met;.. 2%
,\ ;\
3
3
3
3VJ 4 yearly.
o
2'.
5 yearly. Inc.J ly.3
Pref. ..J 5
5
5
5
5
5
Columbus CincinBONDS. The sinking fund provision of the
The prinnati <* Indianapolis consol. bonds (stamped) has been canceled.
able at option
cipal of these bonds 1- payable in gold, but the lnter<
British sterling at
of holder, either In lawful money at 7 % per annum or In
I
.
.
I
—
.
—
.5
'
(
RAILWAY STOCKS AND BONDS.
44
RAILROADS.
of
on
&c,
column headings,
page of
first
see notes
INTEREST OR DIVIDENDS.
Date
Par
Amount
Value.
Outstanding
of
Road. Bonds.
tables.
j
Size, or
of
Miles
For explanation
[Vol. lxxxiii.
Bonds
pal,
When
Where Payable, and by
Payable.
Whom.
Rale
%
—
— Princi—Last
When Due.
Stocks
Dividend.
Cleveland Cincinnati Chicago & St Louis
(Concl'd)
Central Indiana 1st M $4,000,000 gold guar
Ce
125 1903
$1,000
$750,000
M & N Central Trust Co, N Y Nov 1 1953
4 g
Chi & St LS L 1st
$3,000,000 gold guar. Ce.c* &r
45 1903
1,000
3,000,000
April 1 1953
4 g
New York
Springfield Union Depot 1st
$300,000 guar
Ce
1905
1.000 None J e'06
Jan 2 1955
do
4g
Louisville & JefTersonvlUe Bridge 1st M -See thatCo
Cleveland Columbus Cincinnati & Indianapolis Cleve land I ndiana polis St Louis & Chi cago Se e Clevela nd Cincinnati Chicago & St Louis
Cleveland Lorain & Wheeling Pref stock $5,000,000
100
5,000,000 See text. See text. 2 Wall Street, New York April 2 1906 2J4
Consol mortgage (now first) gold
Usm.c*
1,000
192 189~3
5,000,000
5 g
do
do
Oct
1933
General mortgage $1,000,000 gold redeem at 105 . .N
1,000
893,000
192 1896
5 g
do
June
1936
|J
& D
do
Con ref M $10,000,000 gold red at 102 H
Col.c*
1.000
950,000
Jan
192 1900
do
do
1930
4M g J & J
Cleve & M V Con M now first) $3,000,000 g-.Ce.c&r
125 1888 1,000 &C
2,935.000
5 g
See text. Wlnslow, Lan & Co, N Y|Jan
1938
Cleve & Mar— 1st
sink fd not drawn gold guar _.F.c*
1,250.000
4
103 1895
1,000
1935
& N Farmers L & Tr Co, N Y May
B
Cleve & Pittsburgh Stock 7% guar by Penn RR Co
50 11.247,593
7
-M Wlnslow, Lan & Co, N Y June 1 1906 1 %
Special betterm'nt stock $10,738,135 guaranteed 4
50
6,259,600
4
do
ljune 1 1906 1 %
do
-M
Gen
4.561.000
iJan-Oct 1942
$10,000,000 gold.. F) Series A & B
c*
1,000
do
202 1892
do
4H g
'1948-1950
Guaranteed prln & intercedes C & D
4,919,000
c*
1,000
do
do
202 98-'00
3X g,
y
(end.) Penn RR
Interest red..
439,000
1,000
do
do
Oct 1 1942
202 1892
J Series B
3H g a &
Cleveland Terminal & Valley See Baltimore & Ohio
Coal & Coke First mortgage $10,000,000 gold
April 1 1919
1,000
8,950.000
5 g
Elklns,
Va. or Bait
116 1903
Coal & Iron See Western Maryland
Coal River Ry See Chesapeake & Ohio
Colebrookdale 1st M $593,400 und Read
of 1897.
100 &c
600,000
13 1868
J
& D Reading Co Office, Phila June 1 1898
Colorado Midland First mortgage $10,000,000 ..Ce.c'
1,000
9,179,000
259 1897
J
& J Central Trust Co, N Y July 1 1947
4 g
Colorado & Northwestern 1st
,000,000 gold.. Us
1,000
1,000,000
51 1904
United States Tr Co. N Y July 1 1954
$1
5g
Colorado & Southern Common stock $31,000,000
100 31,000,000
First preferred 4% non-cumulative $8,500,000
100
8,500,000 See text.
April 2 1906 2%
Hallgarten & Co, N Y
Second preferred 4% non-cumulative $8,500,000 _.
100
8,500,000
1882
First mortgage gold $19,853,000
Ce.c* 1,059 1899
1,000 19,403,000
Central Trust Co, N Y
Feb
1929
4g F &
Ref M $100,000,000 goldred 101 begin 1908. Ce.c* &r
1905 1.000 &c See text.
do
do
May
1935
4H g M &
Col So N O & Pac— 1st
1925
$12,000,000 g red 102j^._Ce
1905
1,000 See text.
&
New York
Nov
4H g
Col Sp & Crip Cr D Ry— 1st
1,000
1,896,000
Chem Bk,N Y; & Col Sp Jan
1930
$2,000,000 g s f
Ce
75 1900
5 g
J
&
Second mortgage $1,000,000 gold sinking fund.
244,000
1,000
lnt Tr Co, Denv & Col Sp April
1921
75 1901
g
First consol mortgage $3,600,000 gold
1,285,000
Spr Oct
1942
Mo.c&r
1902
1,000
M Trust, N Y; & Col
g
Colorado & Wyoming Ry 1st
4,500,000
Boston Block, Denver
Mar
1953
171 1903
1,000
$7,500,000 gold. .Me
g
Col Newb & Laurens
1,000
899,000
State Dep & Tr Co, Bait July
1937
1st
$12,000 per mlle.-SBa
75 1887
e
Columbia Southern 1st
gold $2,100,000.
N
1.000
700,000
D!N Y Trust Co, N Y
Dec
1948
70 1898
g
x Series "A," J&J;
y" C," M&N; "D," F&A
"B," A&O.
M
M
A&O
J&J
A&O
-
—
—
—
—
.
—
M
M
—
%
M
—
—
—
—
—
A&O
M
—
—
—
M
M
— —M
— M
M
Of the Indianapolis & St Louis 1st 7s, series "A" are J.&J.; series
B," M.&S.; series "C." M.&N.
St. Louis Division bonds, see deed of trust, V. 52, p. 42-45.
As to the Cincinnati Wabash & Mich. 4 per cents, see V. 52, p. 718.
6 %.
The 100-year mortgage of 1893 Is limited to $50,000,000. In July 1905
$22,503,000 General 4s were reserved for prior Hens (exclusive of Cairo
division, Peoria division, Michigan division and the St. Louis division west
of Terre Haute), and $6,748,000 for equipment, construction and betterments. &c, $1,000,000 yearly. See V. 78, p. 1446; V. 79, p. 733. Guarantees Chicago Indianapolis & St. Louis Short Line Ry., Central Indiana
Ry. and Springfield Union Depot Co. bonds. V. 77, p. 510, 517, 769,
1363, 2280; V. 78, p. 1906, 1961: V. 79, p. 2589. Car trusts outstanding
Dec. 31 1905, $1,559,318.
GENERAL FINANCES. Guarantees Interest on Louisville & Jeflersonvllle Bridge bonds Jointly with the Ches. & O.
V. 68, p. 822. On June 30
1904 owned stock In Chesapeake & Ohio representing an outlay of $2,453,569, Cincinnati & Northern RR. securities costing $1,105,387 and an Interest
in the Central Indiana Ry. costing $430,027.
V. 71, p. 398; V. 75, p. 455;
V. 77, p. 517; V. 79, p. 912.
The stockholders voted June 21 1905 to Increase the common stock from
$28,700,000 to $40,000,000. Of the $11 ,300,000 new stock, $2,872,100 was
subscribed for by the stockholders pro rata at par to provide for Improvements and equipment and $4,727,900 additional sold, balance to be held for
future requirements. V. 80, p. 1423, 1911. 2343, 2399; V. 81, p. 264.
—
•
3
3 mos.
Gross.
1906 ...$5,516,538
1905 ... 4,928,863
mos. ending Mar.
Net.
•
31
Oth. Inc.
Chges.
&
taxes. Bal. for dlv.
$1,197,056
$34,378
$1,049,979
„* $181,455
45,046
1,002,567
15,016
972,537
REPORT. Fiscal year has been changed to end Dec. 31. Report for
year ending Dec. 31 1905 was In V. 82, p. 926
1904.
Inc. or Dec.
1905.
Miles operated
1,891
Inc.
92
1,983
Passenger earnings
$7,452,558 Dec. $1 ,073,502
$6,379,056
Freight
Inc.
1,275,601
14,291,108
13,015,507
Mall, express, &c
174,554
1,847,599
1,673,045
Inc.
^
—
...$22,517,763
16,879,345
$22,141,110
16,131,113
Inc.
Inc.
$376,653
748,233
$5,638,418
$5,879,895
2,976,906
Taxes
742,496
Rentals, &c
290,068
Dividends on preferred, 5 %...
499,925
Dividends on common, 4%..
1,328,950
$6,009,997
$6,294,214
2,981,112
678,607
255,659
499,925
1,119,612
Dec.
Dec.
Dec.
Inc.
Inc.
$371,579
414,319
4,206
63,889
34,409
Inc.
209,338
$759,299
Dec.
Total earnings
Operating expenses
Net earnings^
Total net Income
Interest on bonds, &c.
Balance, surplus
$41,550
$717,749
OFFICERS.— Pres., Wm.
H. Newman, New York; Vice-Presidents, J.
D. Layng, E. V. W. Rosslter, W. C. Brown, John Carstensen and G. J.
Grammer; Sec, Dwlght W. Pardee, New York; Treas., Chas. F. Cox, New
York: Auditor. P. A. Hewitt, Cincinnati, O.
Directors.
William K. Vanderbllt, Fred'k W. Vanderbllt, Chauncey M.
Depew, J. Plerpont Morgan, H. McK. Twombly, James D. Layng, William
H. Newman, waiter P. Bliss, of New York; Alexander McDonald and
Melville E. Ingalls, Cincinnati; James Barnett, Cleveland, O.
(V. 81, p.
—
1609. 1664, 1847; V. 82, p. 158, 751, 926; V. 83, p. 94.)
—
CLEVELAND LORAIN & WHEELING- RY.— (See M ap B. &.O.)— Owns
to Bridgeport, O., opposite Wheeling, W. Va., 158 m.; Lester to Cleveland. 28 m., and branch to Bellalre, O.. 6 m.; total, 192 m.; and
has trackage Into Wheeling. As to Improvements completed in 1905, see
from Lorain, O.,
V. 80,
p. 1174.
fc
HISTORY. — Operated by
the Bait. & Ohio, which owns about 75% of
the stock. Sec that company and V. 72, p. 480; V. 73, p. 236.
STOCK.— Common, $8,000,000. and pref., non-cum. 5%. $5,000,000.
par $100. After 5 % on each, both stocks share alike. V. 60. p. 1058.
DIVIDENDS.— On pref. 1896. 3%; Dec. 1904, 2'A %: Mch. 1905, 2H %\
Oct. 1905. 2H %: Apr. 1906, 2 H %•
BONDS. Of the $10,000,000 consol. refunding gold 4 y R, $5,000,000 are
2
reserved to retire 1st 5b, $1,000,000 for general 5s due June 1 1930, remainder for Improvements, &c; V. 70, p. 230, 480.
REPORT. Report for year ending June 30 1905 was In V. 81. p. 1487,
showing, gross, $3,367,381; net. $885,110; charges, $526,509; balance,
$358,610.
(V. 81. p. 1315, 1487.)
—
—
—
CLEVELAND
& MAHON1N01
VALLEY RY.— Owns
from Cleveland, O.,
to Sharon, Pa,, 81 miles (57 double track): Nlles, ()., to New Lisbon, O.,
and branches, 44 miles. Leased to Nvpano UK. (formerly N. Y. Penn. &
Ohio) tin 1962; rental $525,907 per annum.
Coupon Interest is J.&J..
registered Interest. Q.-J.
Stock Is $3,;:.r>9 ,2hO, of which $2,258,250 Is held
Leased Lines Rental Trust Co., Limited," of London.
by "Atlantic First
Dividends In 1897. IZH%\ 1898 to 1904. both Inclusive, 13)4% yearly;
In 1905. 11.42%.— (V. 88, p. 968.)
CLEVELAND
Owns
& MARIETTA RY.
from Marietta. O.. to Canal
Dover, 103 miles, and branch, 7 miles, /.our, ()., to Canal Dover, leased.
Stock, $2.00(1,000, of which the Pennsylvania Co. Jan l niofi owned
$1,786,100 (par $100); surplus earnings over charges go to C. & M.
BONDS. Guaranteed prln. and Int. hy Penn. Co. sinking fund 1 %.
EARNINGS.— Report for 1902 In V. 77. p. 87. In 1905, gross, $798,351;
In 1904. gross,
net, $90,477; Int. on bonds, $58,250; bal., surplus, $.1 1,227.
$828,071; net, $181,142.— (V. 77, p. 87.)
—
— CLEVELAND A
lleveland
,
<>,,
W
J&J
A&O
M
M
EARNINGS. — For
,
PITTSBUROH|RR.
to Rochester,
Pa.,
124
[See Map Ptnnsvlvania Railroad.)
itajaid. O., to
miles; branches
New Philadelphia, 31 m.; Yellow Creek to Bellalre, 43 m.; other, 3 m.;
trackage, Rochester to Pittsburgh (Plttsb. Ft. W. & Chic.) 26 m.; total,
227 miles.
LEASE. Leased for 99 years Dec. 1 1871 to Penn. RR. Co., and lease
transferred to Pennsylvania Co.
Rental, 7
on $11,261,865 stock, Interest
on bonds and organization expenses. "Special guaranteed betterment
stock" (subordinate to the original stock as to dividends only), with dividends of 4
guaranteed by the Penn. RR., Is Issuable for improvements.
V. 79, p. 2205, 2642.
BONDS. Generals are all equally secured; guaranty. V. 56, p. 604.
EARNINGS. In 1905 gross earns.. $8,648,053: net $3,116,904: profit
to lessee was $1,583,219.
(V. 79, p. 2642, 2795: V. 82, p. 217.),
,
—
%
%
—
—
—
CLEVELAND SHORT LINE RY. — V. 81, p. 613, 668; V. 82, p. 1322.
CLEVELAND TERMINAL & VALLEY RR. — (See Map Baltimore &
—
Owns from Cleveland, O., to Valley Junction, 75 miles; branches,
Ohio.)
7 miles; yard track and sidings, 87 miles.
STOCK. Of the $5,200,000 common (par $50) B. & O. owns $4,594,300
common and of the $1,822,200 preferred, $949,200; par $100.
BONDS. The first mort. bonds are guaranteed, principal and Interest,
Car trust lease warrants (5s), $84,000, due
by the B. & O., endorsed.
$27,000 May 1 yearly to 1909, Inclusive.
for year ending June 30 1905 was In V. 81, p. 1488, showing
gross, $1,033,497; net income, $166,037; Interest, &c., $263,990; deficit,
$97,953.
(V. 81, p. 1315, 1488.)
—
—
REPORT
—
COAHLILA COAL RY. —V. 82, p. 868, 1379.
COAHUILA & PACIFIC RY.— See Mexican Central Ry.
COAL & COKE RY. — Owns from Elklns, W. Va., to Charleston, W.
Va.,
about 180 miles; completed Jan. 1 1906. In 1904 acquired Roaring Creek
and Bellington RR., Mabie to Belington, W. Va., &c, 18 miles, wltb
branch from Leiter to Sand Run, 7 miles. Branch from Middle Fork to Cassity Fork, 12 miles, was completed July 1906. About 100,000 acres of coal
Stock authorized and outlands are owned along the line of the road.
Mortgage covers road and coal lands: V. 78, p. 47.
standing, $10,000,000.
Year ending June 30 1905 (134 miles), lncl. Roar. Cr. & Bel., gross, $381,Pres., H. G. Davis, Elkins, W. Va.; Sec, C. M.
696; net, $107,416.
Hendley, Washington, D. C. (V. 81, p. 264.)
—
— Pottstown to Barto, Pa.,par, miles. Leased
12.84
RR.
Common stock, $297,215;
$50.
to Phila. & Reading Ry.
COLORADO MIDLAND RY. — Owns from Colorado Springs to New
through Busk-Ivanhoe tunnel, 234 miles, Including Snowden
COLEBROOKDALE
Castle, Col.,
to Leadvllle, 8 miles, not operated; Jerome Park branch, 15 miles; Aspen
Leases New Castle to Rifle Creek,
branch, 18 miles; total owned, 267 miles.
14 miles, and Rio Grande Junction RR., Rifle Creek, Col., to Grand Junction, 63 miles; total owned and leased, 344 miles.
ORGANIZATION. Successor Oct. 1897 to the Colorado Midland RailIn May
road, foreclosed and reorganized per plan In V. 64, p. 1224, 1226.
1900 a majority of the stock was purchased In the joint Interest of the Colorado & Southern and Denver & Rio Grande. V. 70, p. 686, 791, 997, 1290;
V. 71, p. 28; V. 73, p. 1111. No stock Is held by the public. Pref.
—
common.
$4,000,000.
1900 the $6,250,000 2, 3, 4s were made full 4
bonds
and the right to issue $500,000 prior lien 4s was waived; V. 70, p. 1290:
(V. 72. p $21.)
see also V. 71, p. 139.
Gross, $1,958,009; net, $488,174
EARNINGS. 11 mos., 11905 06
Gross. $1,801,815; net,
284,898
July 1 to May 31.
J1904-05
Net.
Gross.
Misc. inc. Charges.
Balance.
Yrs. end. June 30.
$348,989
$36,963
def.$71,175
$457,127
$1,975,227
1904-05
304,884
1,802,042
40,089
452,273 def.107,300
1903-04
OFFICERS. Pres., Frank Trumbull; Vlce-Pres., Geo. W. Kramer;
Treas., H. B. Henson; Sec, Harry Bronner, 5 Nassau St., New York.
Grenvlllc M. Dodge, Edwin llawley, E. C. Henderson,
Directors.
George J. Gould, Edwin Gould, Wlnslow S. Pierce, Harry Bronner, E. T.
V. 75, p. 665 V. 77, p. 2035, 2389.
Jeffery and Frank Trumbull.
$6,000,000:
BONDS. — In June
%
—
—
—
—
COLORADO & NORTHWESTERN RR —Boulder
to
Ward,
Col.,
26
Sunset to Eldora, 20 miles; brandies, 5 miles; total, 51 miles. ExHas 10-year contract, expiring
tension of Sunset Eldora line Is to be built.
1915, to reach Denver Union Depot from Boulder over Colorado & Southern
V. 80, p. 650.
electric).
(3d rail
Successor to the railway company, sold In foreclosure May 4 1904. Stock
Bonds, see table above. V. 78, p. 1961;
$1,000,000, all outstanding.
V 79, p. 212, 268. Year ending June 30 1003 (26 miles), gross, $54,481;
Pres., S. B. Dick, Meailvllle. Pa.; Vlce-Pres. and Gen. Mgr.,
net, $5,408.
Robert Law; Sec-Trcas., W. 1). Hayes.— (V. 81, p. 507.)
miles;
COLORADO OKLA. CENT. & NEW ORLEANS RR.— V. 81. p. 1492.
COLORADO & SOUTHERN RY. -(See Map.) —Operates from Orln
Junction, Wyoming, through Colorado to Fort Worth, Tex., viz.:
U*S,
Afilst.
Lines owned
54 Oth. lines, br.,&c(106 nar.gau.) 359
Cheyenne to Orln Junction
Col .
129 Trackaoe -Pueblo tO Walscnb'g
Denver to Bessemer Jot. i
(Denver & uio Grande) ....
58
Denver to Lead v. (nar, gauge). 162
—
M
1
Como
to
Baldwin Mine
(
do
)
181
Total operated June 30 1905.1,118
Trinidad, Col., to Tex. state line 186
Also ha* large interest iii Fort Worth A Denver City Ry., 453 miles.
lias traffic and trackage agreement with Union Pacific connecting the
Cheyenne .\; .N or. Division with the system at Greeley and Denver; alsoV. 69, p. 170.
over. Atchison tracks, Denver to Pueblo. Col.
ORGANIZATION. Succeeded on Jan. ii 1899, per plan in v. 67. p.
748. the Union Pacific Denver St Gulf and Denver Leadvllle & cunnison.
Owns a large majority "f the common stock of ton Worth a- Denver city
——
-
July,
RAILWAY STOCKS AND BONDS.
1906.]
Ft.Fetternian.
A/
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o Q
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RY.
TEXAS
C ^TvTSJ
'O ^nV EXLINE:
:
RAILWAY STOCKS AND BONDS.
46
RAILROADS.
Miles
For explanation
of
on
column headings, &c,
paye of
first
of
see notes
Date
of
—
—
Columbia & Greenville See Southern Ry.
Columbus & Lake Mich 1st Mg $20,000 pm..Ta.c'
Columbus & Toledo See Hocking Valley Ry.
Columbus & Xenia Stock 8 % rental
First mortgage
Combination Bridge (Sioux City la)
c
First mortgage
Concord & Claremont (N H)
Concord & Montreal Stock Class I (B C & M pref) ..
Stock Class II (B C & M new)
—
—
M
Stock Class III (B C &
Stock Class IV (Concord) $6,000,000 auth (text)..
c
Boston Con & Mon improvement mortgage
Concord <Sc Montreal cons M for $5, 500,000. .BB.c*
c*
Debenture bonds, $1,150,000, currency
do
$500,000 interest guaranteed
do
Concord & Portsmouth Stock 7 % rental 99 yrs Cone
Conn & Passumpsic Pref stock 6 % rental 99 years.c*
...c*
First mortgage $1,900,000 gold
Massawippi stock guar same dlv as Conn & Passump
c*
Newport & Rlchford 1st M guar by C & P
Connecticut River Stock ($3,070,300 authorized)
c
Bonds not mortgage for $1,000,000 gold
Bonds not mortgage
do
do
V Val 1st M with $500,000 S Co RR stock as col..c*
Conn (Phila) Phila G & Ch H 1st M guar by Penn..r
Conn Ry 3H % gold mortgage $5,000,000
Cooperstown & Susq Val 1st M $200,000 int guar..
Copper Range First mortgage gold (see text)
Cornwall <i Lebanon Stock
r
First M $800,000 to be extended at 4%
First M ($11,250,000)
Ce.c*
Corvallis & Eastern
Central Common stock.
Cripple Creek
Preferred stock 4 % non-cumulative
Midland Term first mortgage gold sinking fund.F.c*
Cuba Eastern First mortgage $1,000,000 gold-.K.c*
Northeastern Cuba 1st M $1,000,000 g gu p & 1..K
Mo.c&r
Cuba RR 1st M gold $20,000 per mile
166
262
—
—
——
—
—
188"!
1890
'97-'99
1900
40^
iio
37
1893
22
80
1881
—
—
—
1895
1894
71
1893
1901
24
7
37
19H
105
26
26
...
1903
1880
1883
1902
1888
1899
1891
1898
"41
189~5
43
53
408
1903
1905
1902
Amount
Value.
Outstanding
$1,000
500 &c
1,000
100
100
100
100
1,000
1,000
1,000
1,000
100
100
1,000
100
1,000
100
1,000
1,000
1,000
1,000
1,000
1,000
100 &c
500 &c
50
100 &c
1,000
100
100
1,000
1,000
1,000
,000
Ry., which see. Colorado Midland is controlled jointly by Colorado &
Southern and Rio Grande Western. V. 70, p. 739. In Mch. 1902, Edwin
Hawley, Pres. of Mlnneapo is & St. Louis RR., and associates, acquired
The voting trust expired April 1 1905.
(Electric) Ry. V. 79, p. 1266.
In 1905 control of Col. Spr. & Crip. Cr. Dist. Ry. was acquired; also Trln.
V. 74, p. 679, 727.
control.
Denver & Interurban
&
Brazos Val., Cleburne to Mexia, Tex., 79 miles, with extensions building
(of which half interest later sold to St. Louis & San Francisco) and Wichita,
See "Finances" below and V. 80,
Val., Byers to Seymour Tex., 75 miles.
Stockholders on April 28
p. 1423, 1856; V. 81 p. 1241; V. 82, p. 928.
1906 authorized construction of a line from Trinidad, Col., northerly about
V. 82. p. 986.
120 miles to Florence.
STOCK. Common, $31,000,000; par, $100. Pref., see table aboveDIVIDENDS. 1st pref., 1900, 2%; 1901, zy %; 1902, 3H %; 1903,4%;
2
1904, April, 2 %; 1905, none; 1906. April, 2 %.
BONDS.— 1st M., see V. 68, p. 1027; V. 77, p. 2158; V. 79, p. 2147.
The $100,000,000 refunding bonds of 1905 are issuable or reserved as
follows (compare General Finances" below):
For refunding bonds and equipment obligations of the system,
$36,850 ,000
Including controlled lines
For betterments and Improvements, including equipment, at the
cumulative yearly rate, beginning Jan. 1 1905, of $500 per
15,000,000
mile of operated and controlled lines.
2,500,000
For reimbursement of the treasury of the company, &c
acquisition of additional property (Including proper proviFor
sion for the cost of double-tracking parts of the existing main
45.650,000
lines of the system)
GENERAL FINANCES. In April 1905 a syndicate purchased about
$17,000,000 of a proposed issue of $100,000,000 refunding 4 H % bonds and
agreed to furnish $15,000,000 cash. Of these bonds. $8,000,000 will be issued to take up the equipment trusts ("the payments on which now aggregate about $400,000 per annum") and certain other obligations of the Colorado & Southern and the Fort Worth & Denver City, pay for the Cripple
Creek Short Line RR. and provide working capital, the remaining $9,000,000
to pay for a new extension to the Gulf at a cost of from $17,000 to $22,000 a
mile, Including the Trinity & Brazos Valley. No further bonds, except about
$1 .000,000 a year for additions and betterments, can be issued before 1909
without consent of syndicate managers. V.80,p. 1423, 1971.
The Rock Island Co. has agreed to share equally with the Colorado Southern In any deliciency in earnings of Trinity & Brazos Valley to meet the
interest on the bonds (approximately $9,000,000) to be issued under
Colorado & Southern mortgage to construct the road from Fort Worth to
V. 82, p. 986
Houston, Tex.
gJEARNINGS. For 11 months ending May 31, Including Fort Worth &
Denver City and all affiliated lines
Gross, $10,880,763; net, $3,215,555.
11905-06
For 11 months,
Gross,
8,751,136. net, 2,045,922.
July 1 to May 31.
J1904-05
REPORT. Report for 1904-05 was In V. 81, p. 1169, showing:
,
—
—
&c
S.
When
—
—
—
30—
1904-u.,.
1003-04.
Gross earnings
Operating expenses and taxes
$6,228,744
4,787,745
$5,702,087
4,492,672
1902-03.
$0,142,989
4,908,111
Net earnings..
Total net income
Interest on bonds, &c
1st preferred
Dlvld
$1,440,999
$1,482,183
871,867
$1,210,015
$1,249,799
811,958
$1,234,878
$1,293,753
796,800
(4%)340,ooo (4%)34o,ooo
$010,316
Balance, surplus
OFFICERS. — Chairman.
$97,841
$156,953
Grenville M. Dodge, N. Y.: Pres., Frank
Trum-
lirr.. Joseph II. Voung. Denver, Col.; Sec. and Treas.,
James Steuart MaeKle, 71 Broadway, New York.
Directors -Grenville M. Dodge, Henry Budge, James X. Wallace, John J.
Emery, B, P. Yoakum. Edwin Hawley, Prank Trumbull, Henry B. Huntington, w. S. Crandall, Norman B, Ream, Hans Wlnterfeldl and Harry
fork City; Harry Walti
Baltimore, Md.
(V. 82, p. 986.)
Broni
N.
bull,
5
—
COLORADO SOUTHERN NEW ORLEANS & PACIFIC RR.— Under
construction from Baton Rouge, La., to De Qulncey, La., about 250 m.;
from Baton Rouge to bave Illinois Central trackage to New Orleans, Extension Is proposed from De Qulncey to Houston, Tex., to include Kansas
De Qulncey and lieaumont, Tex., and the
(;ity Southern
RR., Beaumont to Sour Lake, 22 m., and
.una to Orange, Tex., acquired,
the Orange t< Nofl
in April 1906 the St. Louis & San Francl co acquired the road, $8,500,000
bonds being depi
roi
$7,500,000 St. Louis & San
v. 82, p. 928.
Iiorlzed, 52. 1100,000;
Francl co nowpar oi
V. 82, p. 509, 868.
Bonds, see table above.
Pres., c. C,
shares, $100.
Cordlll, New Orleans, La.— (V. 82, p. 509, 803, 868, 986.)
Where Payable, and by
Payable.
Whom.
Rate
%
M &
$800,000
500
500
800
540
459
5,647
500
5,000
1,050
473
350
2,500
000
000
000
400
600
600
000
000
000
000
000
000
1.900 000
400 000
350 000
3,630 000
1,000 000
290 000
969 000
800 000
1,000 000
991 000
200 000
2,025 000
800 000
766 400
1,410 000
2.500 000
3,000 000
450 000
1,000, 000
900 000
5,349 000
&
&
J
J
5
4«
Q—
Q—
Q—
Q—
Sept
4g
1
1922
Columbus, O Ju'e 10 1906 2%
July
Hanover Nat Bk, N Y
1915
1914
Nat Bank, Boston Jan
J First
J
4
,
ITreasurer,
J
A & O Boston, Mass
& J Co.'s Office, Lebanon, Pa
A & O
do
do
F & A New York City
5 g
6 In 1906
—
Last
Dividend.
Checks mailed
do
do
do
6
U & j Faneuil Hall Bk, Boston
4
& D Safe Dep & Tr Co, Bost
S)4 & 4
& D Bost S D & Tr, Boston
do
do
& D
Manchester, N H
7
&
6
Safe Dep & Tr Co, Bost
&
4 B
do
do
& O
6
& A
do
do
5
do
do
Boston, Mass
10
&
4 g
M &
do
J
do
&
do
3^ J &
5
A & O Safe Dep & Tr Co, Bost
4H M & N Broad Street Stat'n, Phil
do
do
3H g M 15 & S
5
M & N Nat Bk, Cooperst'n, N Y
7
7
7
7
— Princi
When Du
Stocks
See text.
S
Q—
1,786 200 See text.
See text. See text. Checks mailed.
See text. See text.
do
5 g
J
& D Farmers L & Tr Co, N Y
M & S Knickerbocker Tr Co, NY
6 g
do
do
& S
5g
J
5 g
& J Morton Trust Co, N Y
M
1906 \%
1906 Wi
1906 1%
1906 1 %
Jan
1911
June 1 1920
June 1 1920
June 1 1920
July 1906 3H %
Aug 1 1906 3%
April 1 1943
Aug 19C6 3%
Jan 1 1911
July 2 1900 5%
Sept 1 1943
Jan 1 1921
Jan 1 1923
Oct 1 1910
May 1 1913
Mar 15 1932
May 1 1918
Oct 1 1949
July 31 19063%
April 1 1921
Feb 1 1998
July
July
July
July
J
,
ly20'06
1 '>
Julv 20 1906 1
Dec 1 1925
Mar 1 1933
Mar 1 1955
July 1 1952
%
%
COLUMBIA NEWBERRY & LAURENS RR.— Columbia to Laurens.
C, 75 m. Stock, $500,000. Bonds were 6s, but re-issued as 3s in 1900
certificates of interest to amount to 40 % of bonds being
under agreement,
issued
bearing interest,
earned.
if
EARNINGS. — 11 mos., 11905-06
Gross, $271,445; net, $50,576.
July
to May 31.
Gross, 216,872: net, 40,263.
J1904-05
Year ending June 30 1905, gross, $232,914; net, $48,606; charges, $35,039;
bal., sur., $13,627.
Pres., W. G. Childs, Columbia, S. C.
COLUMBUS & LAKE MICHIGAN RR.— Owns Lima. O., to Defiance,
1
40 m.
In 1906 merged with the Indiana Columbus & Eastern RR. and will
be equipped electrically. V. 82, p. 803; V. 83, p. 36.
(V. 76, p. 804
—
V. 82, p. 803.)
—
COLUMBUS & SOUTHERN RY. Lancaster Jet., O., at a connection
with the Penn. RR., to South Bloomingville, 34 m. Successor to the Columbus Wellston & Southern RR., sold In foreclosure on Dec. 4 1901. V.
73, p. 206; V. 75. p. 184. Stock authorized, $2,000,000. President, Fr ed
C. Rector, Columbus, O.
(V. 75, p. 239; V. 82, p. 1379.)
—
'
Year. end. June
Bonds
pal,
50
old stock)
— —
IXTEREST OR DIVIDENDS.
55
—
—
—
1902
Vol. lxxxiii.
Size, or
Par
Road. Bonds.
tables.
|
—
COLUMBUS & XENIA
RR. Owns from Columbus, O.. to Xenla, O..
55 miles.
Operated as a division of the Little Miami, and is leased for 99
years from Dec. 1869, in connection with that road, to the Pittsburgh Cincinnati Chicago & St. Louis, which pays 8 % on stock.
The lease Is guaranteed by Pennsylvania RR. Co. Dividends, 2-5
per annum, from assets,
were discontinued in 1901. (V. 72, p. 532.)
%
—
COMBINATION BRIDGE
(SIOUX CITY, I A.)— Owns steel bridge 1.940
feet long over Missouri River, with approaches, 1 mile, used by railroads
and street cars and as a highway. Stock, $1 ,500,000. Mort. trustee, Union
Trust Co., Indianapolis, Ind.
Pres., Jos. C. Head, Latrobe, Pa.; Sec, F.
L. Eaton, Sioux City, la.
(V. 78, p. 102, 286.)
—
CONCORD & MONTREAL RR. — From
Nashua, N. H., via Concord,
Plymouth, &c, to Groveton and the White Mountains, 450 miles In all, including Manchester & Keene, 30 m., owned jointly, 414 m.; 35 m. double
track.
Owns Concord Street Ry., 13 m.; also electric branch from Concord
to Manchester, N. H., 17 m. On March 7 1906 acquired at foreclosure sale
the Nashua Acton & Boston RR., 20 miles.
V. 82, p. 568.
On June 29 1895 leased to Boston & Maine for 91 years at rental of 7 %
(V. 78, p. 280; V. 82, p. 568.)
per annum on all stock.
—
CONCORD & PORTSMOUTH RR.— Owns Portsmouth, N. H., to Manchester, N. H., 40 H m. Leased to Concord RR. In 1862 for 99 years; rental,
Operated by Boston & Maine.
$25,000; 7 % on stock and org. exp.
CONNECTICUT & PASSUMPS1C RIVERS RR.— White River Jet. Vt.
Canada
Line, 110 m.; leases 999 years Massawippi Valley, 37 m.
From Jan. 1 1887, leased to the Boston & Lowell for 99 years
on a basis to pay C. & P. stock 5% till Jan. 1897 and 6% thereafter.
SECURITIES. Massawippi stock receives same dividends as stock of
lessee and $400,000 of it (not included in t he amount outstanding) is pledged
Of the $2,500,000 pref., $500,000, as also
as part security for 4s of 1893.
$50,000 Massawippi Valley Ry. stock, arc represented by Connecticut Trust
of Hartford 5
trust certificates, under which the Ver& Safe Deposit Co.
mont Valley has the right, for 45 years from Aug. 1 1885, to purchase the
trust stock at par and Interest and in the meantime receives all dividends
per annum on the stock deposited in trust.
above 5
(V. 57, p. 1040.)
to
LEASE.
—
—
%
—
%
CONNECTICUT RIVER RR.— Owns
from Springfield, Mass.,
to
Keene
N. H., 74 m.; Bellows Falls to Uratt icboro, Vt., 2 in.: branches, 6 n..: total,
Controls Sullivan Co. RK., Bellows
104 m., of which 50 double-tracked.
V. .so, p. 1478.
Falls to Windsor, Vt., 26 in.
The stockholders voted
Sept. 20 1005 to issue $1 ,000,000 additional stock In exchange for Vermont
V. 81. p. 899, 1723
Valley stock.
LEASE. Leased for 99 years from Jan 1 1893 to the Boston & Maine,
annual rental (as amended Oct. 10 1895) being lo % per annum on capital
stock, payable directly to stockholders; also Interest on bonds and scrip and
Lessee pays all taxes, operating ex$2,000 for organization expenses.
penses, &c, but lessor to Issue Its stock or bonds for permanent Improvements.— (V. 81. p. 899, 974. 1723.)
1
—
CONNECTING RY. (PH L ADELI'HI A) .— Owns from a Glrard Ave. to
Frankfort Jet., Pa., 7 m.; Gerniantown Jet. to Chestnut Hill. 7 m.; lranches
V. 73. p. 390. Stock authorized, $5,800,000; out<StC, 23 in.; total. 37 in.
Dlvs. in 1902 to 1905
standlng, $3,613,650; all owned by Penn. km.
I
delusive,
1
4%
yearly
(J
&
i>>.
(V. 75, p.
1354.)
1
11
COLORADO SPRINGS
& CRIPPLE
CREEK DISTRICT RY.— Colorado
Springs to Cripple Creek, Col., 16 m.; brancb, Cameron to Victor, 5 m.;
m.; total, 75 m., oi which 59 m. steam, 14 m.
01 ber branches .-11111 spurs, _
In Jan. 1905 Colorado &
and electric and 2 in. purely electric,
v. •ho, p, .172, 1111, 1423.
acquired the road.
ern
corn. $1
non-ciim $800,000.
,000; pref., S
Stock, all on
f,
Par or shares, $100 each. Sinking fund can retire nrst mort. bonds yearly
foi 5 years, then 105 for the next
at 10 for the nrst is years, then at 107
iv j ears, then 102 "1 for threi ears.1 hereafter at par. v. 70, p. 345.
EARNINGS. For year ending June 30 1904 gross earnings, $704,710;
net Income. $339,007; charges, $201,570: sinking fund, $38,230; surplus,
(V.K1 p. 725.)
Pres.. Frank Trumbull.
$09,201.
1
11
".',
,
—
COLORADO TEXAS & MEXICO RY.— Graded In June 1905 from Llano
and construction was in progress from Abito Fredericksburg, Tex., 48 m
,
lene to Haskell, Tex., 62 m.
Stock authorized, $376,000: par of shares,
*ioo.
The stockholders were to vote July 10 1908 on making a morn
Pres., Morris R. Locke, 20 Broad St., \. Y.— (V. ho, p. 245,
i
RR._(.s,e
— Owns Charlotte Crossing to Davenport Centre, 4.51 m.;Map Dl. 99
1889, Cooperstown & Susque. Valley uk., Cooperstown
years from Jan.
<fc
leases for
iiutt.)
i
to Charlotte Crossing, with branch to Cooperstown Jet.. 10.48 m., guaranbonds. Stock. $45,000, acquired
teeing Interest on hitler's $200,000
(V. 77. p. 88.)
July 1903 by Del. A llud.
COPPER
R R.— Calumet Mich., to Mass Cltv.
Ilh hunches,
Stock. $4,003,700, of which $1,398,800
total, 82 in.: side tracks, 33 in.
owned by Copper Range Consolidated (Mining) Co. Bonds limited to
$20,000 per ii die of main line and branches and $15,000 per mile of sidings.
Of the $2.1)25,001) bonds outstanding. $615,000 were In Jan. 900 held In the
reasury of the Copper Range Consolidated Co. V. 78, p. 228.
5%
—
RANGE
,
1
.
•
1
1
.
COOPERSTOWN & CHARLOTTE VALLEY
Gross, $560,914; net, $225,433.
EARNINGS. 10 mos., 1905-06
Cross. 504,649; net. 200,932.
1904-05
July 1 to April 30.
Surplus over Interest charges, $141,058 In 1905-06, apalnsl $110,558.
Year ending June 30 11105. gross. $028,013; net. $237,121; charges.
$123,259: bal.. sur.. $133,802. Prest., William A 1'alnc; See. and Treas.,
(V. 78. p. 228.)
Frederic. Stanwood. Boston.
CORNWALL RR.— V. 74. p. 1139.
—
CORNWALL
&
LEBANON RR.— Owns
Lebanon. Pa., to Concwago,
in June iiioi the Pennsylvania steel Co.
21.68 m.: branches, 4.78 m.
acquired $510, ooo stock, nearly all the remainder being owned by the Lackawanna Steel Co. V. 72, p. 1241, 1283.
^
July,
1
RAILWAY STOCKS AND BONDS
1906.]
47
MAP OF THE
'
DELAWARE & HUDSON
v
^Farnham
St.Johnsl
Coteau,
RAILROAD SYSTEM.
to],
N
"s
f Sutton Jc.
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i>
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Haven
Stroudsb'gV
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71)
I
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dontgomeryj
Beraice
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3
c ^»^
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Walton.
^eH
South
*
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elhL
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VI
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KeeneV
Brattleboroi
v
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ennington
a,i?*
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^
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X^S^sS^i^^v^ ^s
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7\\
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a
RAILWAY STOCKS AND BONDS.
48
Miles
of
on
column headings, &c.
page of
first
Date
of
see notes
of
— —
—
—
—
—
1
Dela ware—Stock
General mortgage gold
FP.c*
Delaware <& Chesapeake 1st M assumed currency..
Delaware & Bound Brook Stock 8 % guar Phll&Read
PeP
First mortgage $1,800,000
Delaware & Eastern 1st mtge $1,000 000 gold
Delaware & Hudson Stock $55,711,500 (text)
First M on Pennsylvania Dlv ($10,000,000) . Un.c&r
Schenectady & Duanesburg first mortgage
Us.c*&r
Adirondack 1st M gold guar p & end
Debentures $14,000,000 gold convert (see text)c»&r
Ism
Car trusts $150,000 payable May yearly
Equipment deb $2,500,000, $200,000 annually Jan 1
—
—
—
57
248
117
54
"34
49
Par
1-4
57
—
Hudson Coal Co deb guar p & end part due yearly
Bluff Point Land Improvement Co 1st M gold guar c*
1882
1905
1906
1877
1874
1892
1906
1899
1900
1890
1902
B—
194
39
19
1877
1860
1874
10
1,000
1,000
1,000
10 000
70
—
1,000
1,000
1,000
.
,
,
Idanah, Ore., 142
Land grant was 850,000 acres. Successor in 1897 of Ore. Central &
Stock, $11,250,Eastern, and so of Oregon Pacific, foreclosed Dec. 1894.
miles.
Mortgage provides for extension.
000; outstanding, $1,410,000.
EARNINGS. in year ending June 30 1905, gross, $150,446; net, $41,
191; total deductions, $68.145.— (V. 68. p. 474; V. 77 p. 2159.)
—
COTTON BELT. — See St. Louis Southwestern Ry.
CRIPPLE CREEK CENTRAL RY — Divide, Col.,
—
%
%
1H%
—
—
—
—
N.
Y.— (V. 76, p. 1355 V.
CUBA RR. — Owns from
82, p. 160.)
Santa Clara, Cuba, to Santiago de Cuba. 356
miles; branches, Zaza Jet. to Sanctl Splrltus, 9 miles; Alto Cedro to the
Bay of Nlpe, 31 m.; Ponupo branch, 12 m., and leases Jucarono San Fer
nando, 42 m.; total, 408 miles. See v. 75, p. 1157, 1347.
Extension is
to be built from Santa Clara to Havana, 170 miles.
V. S2. p. 1322.
Road
opened Dec, 8 1902, Govt, loan, $798,450, of which the remaining onethlrd to be paid Dec. 1906; any balance not repaid by Govt, transportation
service to be paid Dec. 15 1906 without Interest.
V. 81, p. 264, 1375.
Stock authorized, $10,000,000 each of common and
non-cum. pref.;
outstanding, com., $0,126,000; pref., $10,000,000; par of shares, $100.
Bonds, see table above. Pres., Sir William C. Van Home; Vlce-Pres.,
Franklin B. Lord; Sic, Chas. J. Fay; Treas., James I. Burke. Office, 83
Montgomery St., Jersey City, N. J.; 80 Broadway. N. Y. (V. 82, p. 1322.)
;
6%
—
CUMBERLAND COR PORATION.— ORGANIZATION.— A
pany owning
holding
com
stock ($2,300,000) of he Cllnchfleld Corporal Ion iV. 80,
Ii. 2346, 2222, 224), which owns 300,0
ol coal land-. In \ Irglnl
ick of the South & Western Ry. and a block ol the
...
the two companies last named In this Section.)
Seaboard
Stock, common, $25,000,000; 6% pref., $15,000,000, ail paid in.
tn
July 1906 sold si.. ."on, noo notes (see above) to complete the South &
to a connection with the Seaboard UrLine Ry. atRutherfordton,
N. C, a distance or 107 miles, giving via the Seaboard a new outlet for the
v. 83, p. 155.
Cllnchfleld coal.
tin-
1
<
—
CUMBERLAND & PENNSYLVANIA RR Owns from Cumberland,
Md., to Piedmont, Md., and several branches, 57 miles. Owned and op
crated by Consolidation Coal Co., which guarantees hv endorsement the
first mortgage.
V. 52, p. 890.
Stock, $1,500,000; par, Sioo.
For year
ending June SO 1005, gross, $1,003,827; net, $531,
$127,330;
.
dividends, $355,012; balance, surplus. $48,730.
CUMBERLAND RIVER & NASHVILLE RR.— V. 81, p. 1610.
CUMBERLAND VALLEY RR.— Owns from Hurlsburjr, Pa., to
Potomac
River, Md., 82 miles (and with leased llni
es to Winchester, h total
It leases Cumberland Valley & Martlnsburg Raildistance of 116 miles).
miles: Southern Pennsylvania Hallroad, 21 miles: leases Cm
road,
land valley & Waynesboro RR., 18 miles; to
miles. \
STOCK, &c. Pennsylvania 1(11. owns $975,850 com. and $287,200 pref.
There are $04,000
bonds maturing April 1 luon.
VIDENDS.— In 1880 to 1884 10% yearly; from 1885 to July 1006,
th Inclusive at rate of 8 % yearly.
:.
t
—
8%
Whom.
2,401 ,900
1,211 ,250
2,728 ,000
225 ,000
8
Q—
Q—
5
7
4g
In 1906 J
4H
500 ,000
400 ,000
g J
F
4
1,800 ,000
8
1,800. 000
3M
5g
800, 000
40,954, 500
5,000, 000
500, 000
1,000, 000
14,000, 000
450, 000
1,500, 000
Guaranty Trust Co, N
Phlla & Chambersburg
do
do
do
do
O
F
g
Q—
& A
& J
J
Q— Mar
In 1906
7
6
4
5g
4g
5g
4g
1,300,000
1.120,000
See text.
&
J
1912
,~
M & S
M & S
4H g M & S
J 15 & D
4 g
3H e\ M 15 &N
4g
June
Y May
1921
July
1906 2%
Julv
1906 2%
April
1925
April
Cincinnati
1906 1«
July
1906 2%
do
Jan
J P Morgan & Co, N Y
1911
Amer Exch Nat Bk, N Y Dec
1909
Farmers L & Tr Co, N Y July
1949
July 2 1906 S%
Checks mailed.
Broad St Station, Phlla July 1 1932
do
Feb 1 1912
do
240 South Third St. Phila May 21 1906 2%
Aug 1 1955
do
do
Jan 1 1956
Office 32 Nass'au St'! N Y J'nel5 1906 1 Ji
Sept 1 1917
do
do
do
Sept 1 1924
do
do
Mar 1 1942
do
June 15 1916
do
do
1907 to 1909
do
do
1907 to 1914
do
do
& J
& J
& J
& A
J
.
2,987 ,225
Dividend.
D
M & N
A &
A & O
Q—
J
& J
J
& D
4
473 ,000
&
J
When Due.
J
M & N
May
1
Jan
Jan
1
1
1907-18
1940
J
1942
J
n & Blng RR, Coop & Charl Valley
See those cos
26 Exchange Place, N Y J ly20 06 2H %
M & S
do
do
Sept 1 1907
J
& J Broad St Station, Phila Jan 1 1932
do
do
Jan 1 1932
J
& J
do
do
Overdue.
J
& J Knickerbocker Tr Co. NY Mar 1 1953
F & A Philadelphia. Pa
Aug 1 1936
M & NiN YorStL.MlssVyTrCo May 1 1953
M & SI New York or Denver
Sept 1 1952
&
&
J
do
do
do
J
do
do
do
—
Q—
,
,
REPORT. — Earnings
entire line as follows:
Gross.
Net.
Int.,&c Divs.(S%)
Year.
1905
1904
Bal., sur
$2,472,221
$965,022 $86,320 $142,228 $736,474
2,165,558
661,132
50,609
142,228
468,295
From surplus In 1905 $709,031 was appropriated for extraordinary expenditures.
(V. 70, p. 580; V. 72, p. 391, 532; V. 77, p. 1873.)
.
—
DALLAS CLEBURNE & SOUTHWESTERN RY. — Owns
Egan, on Mo.
Kan. & Texas RR., to Cleburne, 10 miles. Operated from Dec. 1 1902.
Extension proposed from Egan to Dallas, 27 miles, and from Cleburne to
Glenrose, 50 miles.
Leased to Mo. Kan. & Texas Ry. V. 76. p. 48.
Bonds authorized, $150,000 1st mort. 30-year gold 5s, due Jan. 1 1933.
Pres., B. P. McDonald, Cleburne, Tex.
(V. 77, p. 88.)
—
— Owns Dayton,
miles; trackage into Toledo,
miles.
DAYTON & MICHIGAN
141
RR.
1
May
O., to Toledo Jet., O.
M
1863 in perpetuity to Cln. Ham. & Dayton.
Rental Is Interest and sinking fund and 8 % on pref. stock and 3 A % on com.
Guaranty
on pref. is secured by mort. of 1871, but the pref. carries no voting power.
V. 56, p. 813. Mort. of 1856 is held alive under mort. of 1881, which is
therefore a first lien.
Leased
1
l
to Cripple Creek and
Florence. &c, 77 m.; Victor to Isabella. 6 m.; branches and spurs to mines,
&c, 41 m.; total, 125 m., of which 43 m. standard gauge. Controls Mid
land Terminal Ry.. Florence & Cripple Creek RR., Golden Circle RR., La
Bella Mill Water & Power Co., Colorado Trading & Transfer Co., and $225,000 United States Reduction & Refining Co. 1st mort. bonds. See V. 69
Reorganizap. 851, 1011, 1103; V. 72, p. 984; V. 74, p. 880; V. 77, p. 1542.
tion per plan V. 78, p. 2018; V. 77, p. 1542, of the Denver,& Southwestern,
V. 79, p. 1461.
foreclosed Oct. 4 1904.
BONDS. Common stock. $2,500,000; 4 non-cum. preSTOCKS
In May 1906 a syndicate
ferred stock, $3,000,000; par of shares, $100.
represented by Kessler & Co. acquired a majority of the stock and offered
to take an option at $70 per share, expiring Sept. 30, on stock deposited
up to May 25. V. 82, p. 1156.
DIVIDENDS.— On pref. 3% paid July 20 1905; Oct. 25 1905 1 (quar.)
On common, Oct. 25 1905, 3% from earnIn 1906 to July, 3% (1% Q-J.)
ings of year ending Sept. 30 1905; in 1906, Jan., 2'A%, including
l
extra; Apr., 2%, Including ]4% extra; July, \ A%.
EARNINGS. For calendar year 1905, gross, $1,173,485, against
$963,237 in 1904; net, $361,736, against $176,373. For 9 months ending
April 1 1906: Gross earnings, $698,439; total net income, $318,171; taxes.
Midland Term. int. and sink, fund, $48,154; balance, surplus, $270,017.
REPORT. Report for 9 months ending June 30 1905, in V. 81, p. 1488,
showed: Gross earnings of railroads controlled, $718,329; net Income of
railroads over charges, $139,628; total net Income above general expenses
$145,372; dlv. on pref. (3%), $90,000; balance, surplus, $65,372.
Pres., Henry M. Blackmer; Vice-Pres., R. E. F. Fllnsch; Sec. and Treas.,
John Gorlow. Directors, V. 79, p. 1461; V. 82, p. 1156. (V. 82, p. 1156.)
CUBA EASTERN RR. Owns from Granadlllo Bay, on south coast of
Cuba, northwest via Guantanamo to forest lands owned by the Cuba Hardwood Co., 43 miles; leases for 99 years Northeastern Cuba RR. under construction from San Pre to San Luis, 47 miles, with 6 miles of branches,
partly operated Jan. 1906; to be extended eventually to Nlpe Bay, on the
north shore of Cuba; also branch to be built from Nlpe branch to Baracao.
Has five-year contract with Cuba Hardwood Co. V. 76, p. 1355. Stock,
$2,000,000, all outstanding.
Bonds (see above); Northeastern Cuba guaranteed bonds, V. 82, p. 162. Pres. H. W. Bennett. Office, 20 Broad St.,
AND
8
(?)
Gross, $408,042; net $220,085
EARNINGS. 11 mos.. 11905-06
Gross, 256,099; net, 112,053.
July 1 to May 31.
J1904-05
Surplus over charges, 11 mos., $174,385 in 1905-06, against $67,579.
1904-05, gross, $293,263; net, $131,899; other income, $405; charges,
$49,120; dlv. (6 %) $48,000; bal., sur., $35,184.— (V. 82 p. 1322.)
to
484 ,900
492 ,000
650,000
'94. '95. '96. '97. '98. '99. '00. '01. '02 to'05. '06.
-1 To 1893.
4 4^
6 y'ly Jan.
2
4
4
3
5 5H
Percent ..J4 to 4 >^ y'ly
BONDS were called for payment on Oct. 1 1906 and Interest reduced
from 5 to 4%. V. 82, p. 1322.
CORVALLIS & EASTERN RR. — Owns Yaquina
6
1,000
2,385,000
4
1,000
300,000
4 g
1,000
1,300.000
4 g
Lake Pla eld RR, Utl ca Clinto
50 26,200,000 See text.
1,000
3,067.000
7
All.
185,000
3
All.
200,000
3
1903
1896
1903
1902
——
—
—
&c
100 &c
1,000
Where Payable, and by
%
.
50
50
1,000
1,000
1,000
25
1,000
1,000
100
1.000
189~2
When
Payable.
Rate
1,000 ,000;
5g
1,292 .950J8 In 1905
$1,000
50
50
1871
1881
1879
1899
c* &r
Chat Ore & I refunding mortgage call 105 Co
Albany & Susquehanna RR, N Y & Canada RR.Ch ateau gay &
—
Outstanding
$15,000 ,000
1906
1891
01 -'02
1
—
Amount
Value.
100
1
Delaware Lackawanna & Western Stock
Cons M (now 1st) on road & equip ($10,000,000) F.c
first mortgage..
Delaware Md & Va Junction &
Break & Frank 1st M to State red after Jan 1895..
c*
Other mortgages
Delaware & Northampton 1st M $2,500,000 g S f_. K
1st M gold guar p & l.QP.c'
Del River RR & Bridge
Denv En & Gulf 1st M $2,600,000 gold red 103-MStc*
Denver Northw & Pac 1st M $22,500,000 gold.Me.c*
pal,
1905
142
32
Bonds
Sire, or
Road. Bonds
tables.
Cumberland Corporation Notes
N
Cumberland & Pennsylvania 1st M gold guar
Q
Cumberland Valley Common stock
Preferred stock ($243,000 2d pref)
(Bonds see text)
Debentures $500,000 redeem beginning April 1908 ..
Dayton & Michigan Com stock (3 M % guar C H & D)
Preferred (8% guaranteed C H & D) endorsed
First mortgage guar p & endorsed by C H & D ...c
Dayton & Union RR First M sink fund (not drawn) .c
Dayton Union Ry Fprst M sinking fund call at par ._F
Guaranteed Securities
— PrinciStocks —Last
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
[Vol. lxxxiil
—
DAYTON & UNION RR. Owns from Dodson, O., to Union City, Ind.,
32 miles; leases Dayton to Dodson, 15 miles; total operated, 47 miles.
Operated by Clev. Cln. Chic. & St. L., which, jointly with the Cin. Ham. &
Dayton, owns the $86,300 stock. All surplus earnings over Interest goes to
a sinking fund for redemption of bonds at not above 100.
Year ending
June 30 1905, gross, $136,300; net, $9,376; other Income, $9,000; charges,
§20,998; deficit, $2,622.
DAYTON UNION RY.— Union depot at Dayton, O. Used by Pitts.
& St. L..
& Union RR. and
Clev. Cin. Chic. & St. L., Cln. Ham. & Dayton, Dayton
Erie RR. under lease which provides that Interest on
bonds and other expenses be divided between them on train basis. Stock,
Pres., M. E. Ingalls; Sec, W. F. Stark; Treas., J.
$321,000, all common.
Office, Cincinnati, O.
E. Howard.
(V. 73, p. 1312.)
RY. To extend from Deepwater, W. Va., to Bluestone
River, 85 miles, with branch from Bluestone River, 29 miles, to the Virginia
State line at a connection with the proposed Tidewater Ry. to be built by
Of this, 60 miles (with 2 miles of sidings)
the same interests, which see.
were completed to June 30 1906; balance to be by Jan. 1 1908. Stock
authorized, $75,000.
No bonds have been Issued. See V. 78, p. 1962.;
Henry H. Rogers, of the Standard Oil Co., and associates
V. 81, p. 1551.
were reported to be financing the enterprise. President, J. O. Green
New York; Secretary, R. C. Taylor, Ansted, W. Va.; Treasurer, Geo. H.
Church, New York.— (V. 81, p. 1550.)
Pennsylvania RR.)
Shellpot Crossing,
RR. {See
Del., to Delmar, Md., 95.22 miles; branches, Centrevllle, Md., to Townsend,
Del., 35.11 miles; Clayton, Del., to Oxford, Md., 54.23 miles; Seaford, Del.,
to Cambridge, Md., 32.92 m.; Masseys, Del., to Chestertown, Md., 20.38 m.,
other branches, 10.38 m.; total, 248.24 miles.
V. 67, p. 1356.
Leased till May -1 1927 to the Philadelphia Baltimore & Washington,
which owns $1 ,664,475 of the stock; rental net earnings see V. 64, p. 1000.
yearly.
Dividends 1898 to July 1906,
In year ending Dec. 31 1905,
gross, $2,207,875; net, $501 ,843; other Income, $30,425; Interest, taxes, &c,
$140,063; dividends (6%), $179,233; bal., sur., $212,972.
(V. 68, p. 129.)
Cln. Chic.
—
—
DEEPWATER
DELAWARE
—
Map
—
6%
DELAWARE & BOUND BROOK RR.— Owns
—
from
Bound Brook
(Central of N. J.) to Delaware River, 27 miles: branches to Trenton. 7 m.;
second track, 27 m.; all track, 84 miles. In Mav 1879 leased for 990 years
to Phlla. & Reading RR. for $267,000, paying Interest and 8 % on stock;
lease
assumed by Phlla. & Reading Railway.
— (V.
81, p. 210.)
DELAWARE & EASTERN RR.— To
extend from East Branch. N. Y.,
on the N. Y. Ont. & Western about 40 miles to Arlcville. on the Ulster &
Delaware, with branch to Andes, about 9 miles; total. 41) miles, of which
40 miles to be completed about Aug. 1906. Stock authorized, $600,000.
Of the bonds (Empire Trust Co., X. Y., trustee), $800. 000 has been sold,
$200,000 being reserved for future Improvements.
V. 82, p. 804.
Pres
F. 1'. Searing; Sec. and Treas., H. M. George. Office, 7 Wall St.
New York.
DELAWARE & HUDSON CO.— (See Map.)— Operates railroad lines
from Wllkesbarre, Pa., via Albany, N. Y., to Rouse's Point, on Canada
V. 68, p. 871.
line, with branches, 821 miles In all.
Miles.
Lines leased 'See these cos. Miles.
Lines owned
—
—
I
Lackawanna & Susquehanna
Valley RR. of Pa
22|
171
Albany & Susquehanna
'New York & Canada
,
142
150
28 •Rensselaer & Saratoga
Honesdale Branch
10 •Chateaugay & Lake Placid
Schenectady & Mechanlcvllle
Cherry Val. Sharon & Albany ..21 •Union \l\l
14 •Jefferson RR. (trackage)
'Schenectady & Duanesburg
• Adirondack Ry
57 Other lines
RR.
192
80
21
35
28
24
fc Charlotte Valley
2
Total operated Jan. 1 1906.
843
Also leases Utlca Clinton & Illnghaniton and Home A: (Minion RR.. 44 m.,
in Nov. 1900 the Quebec southern, extendsub-let to N. Y. Ont. & West
ing from Sorel, Quebec, to Noyan, 81) miles, also from St. Lambert to St.
Francois, with branch, a total of 144 miles, was acquired.
V. 81, p. 1610*
HISTORY, Ac. This company was ohartered April :';i 1823. It Is one
Coal owned, V. 82, p. 686.
of the largest miners Of anthracite coal.
•Cooperst'D
Branches and spurs.
.
—
'84 '8S '86 '87 '88 '89 to '96 '97 to '00 '01 to '06
DIVIDENDS.
r>
5
7
a
7 yearly
7 yearly
Since '88 (%)
5 yearly
l)l\ Idends for 1906 ftxed at 7 %, payable quarterly.
V. 82. p. 48
GENERAL FINANCES.— On May 9 1899 the stockholders voted to set
aside every year, as a sinking fund to retire stock and bonds and guaranteed
an amount equal to at least 5c. per t
ol coal sold, or J 75,000 to
ilnst Income account each vear. (V.08.
$200,000 bet annum, to lie el
Coal owned and controlled
p. 926.) See Ordinance In full, V. 68, p. 1180.
In 1900 $200,000 Stock was retired from
Jan. 1 1906 218,168,848 tons.
prooeeds of sinking fund. $Ml.snn In 1001 $1 51 ,100 In 1902, $100,000 In
$U7,lon In llidl and $50,000 In 1905.
1003,
•
.
.
.
1
1
I
July,
1906.]
RAILWAY STOCKS AND BONDS.
49
RAILWAY STOCKS AND BONDS.
50
RAILROADS.
of
on
column headings, &c.
page of
first
\
INTEREST OR DIVIDENDS.
Par
Amount
Value.
Outstanding
of
(see text)
.
1886
1886
1888
1890
1889
1889
1899
1898
1901
1898
1903
1906
— —
—
—
—
W—
— —
—
%
5%
—
M
M
,000
1,000
1,000
1,000
200 &c
100
& Canada RR. bonds
263
All.
(for
at $135 per share
Improvements, &c.)
The remaining $3,000,000 authorized
will be held for similar purposes In the
See V. 78. p. 583, 985, 1108, 1781; V. 79. p. 2696; V. 80, p. 1170.
Stockholders May 9 1905 authorized Increase of $5,000,000 stock for conversion, at option of holders to April 1 1916, of $10,000,000 Albany & Susq.
3 V'o bonds, dated April 1 1906, on the basis of $500 stock for $1,000 of
bonds. The bonds were sold at par pro rata to D. & H. stockholders.
This refunding of the Al. & Sus. 6s and 7s effects a material saving of
Interest.
V. 80, p. 1174, 1362, 2343; V. 81, p. 1848; V. 82, p. 687.
Stockholders Feb. 19 1906 authorized Increase of the stock by $7,000,000
to provide for exchange of an issue of $14,000,000 of 4 % 10-year debentures
dated June 15 1906, which was subscribed by stockholders at par. The
debentures are exchangeable for stock at the rate of $500 stock per $1,000
debentures between June 15 1907 and 1912 Inclusive, the proceeds to be
used as follows: Cost of electric railway acquisitions (see below) $9 ,600 ,000;
new equipment, $2,400,000; cut-off around Wilkes-Barre, Pa., $2,000,000.
V. 82. p. 217, 452, 1379
In Feb. 1905 a half interest in the stock of the Schenectady Ry., 116 miles,
was purchased. V. 82, p. 687. In Nov. 1905 over 99 % of the $5,000,000
stock of the United Trac. Co. of Albany was acquired. V. 81, p. 1550, 1610.
EARNINGS. Earnings of leased lines In N. Y. State for 3 months:
Net.
Int., taxes. &c. Bal.,sur.
Gross.
3 mos. ending March 31.
$1,060,094
$309,668
$2,928,732
$750,426
1906
744,410
2,603,986
899,686
155,276
1905
REPORT.— For 1905 In V. 82 p. 686, coal (anthracite) carried in 1905,
9,354,266 tons; In 1904, 8,255,541 tons; in 1903, 8,657,966 tons.
1904.
1903.
1905.
Year ending Dec. 31—
$16,382,074 $15,071,124 $13,642,954
Earnings of railroads
6,198,114
5,875,843
5,473,758
Net (railroads)
3,016,328
2,999,957
2,994,860
Interest, taxes and rentals.
future.
,
—
Profit
Net coal
$3,181,786
...
2,525,957
from railroads.
department
—
$2,875,886
2,380,561
...
$2,478,898
3,726,259
$5,707,743 $5,256,447 $6,205,157
$1,028,149
$803,924 $2,290,363
(7)2,869,300 (7)2,756,162 (7)2,450,000
Total profits
Depreciation of plant..
Dividends
$1,696,361
$1,810,294
$1,464,794
Balance, surplus
of the coal department in 1905 were $20,949,555; expenses.
In 1904, §19,583.989; net, 52,380,561.
$18,423,598; net, 52,525,957.
OFFICERS. Pres., David Willeox; Treas., C. A. Walker; Sec, F. M.
The earnings
Olypha
'•-
it,
St.,
—
New
Y'ork
Robert M. Olyphant, Alexander E. Orr, Chauncey M. Depew,
Managers.
John Jacob Astor, William S. Opdyke, Frederic Cromwell, David Willeox
George I. Wllbcr, C. A. Peabody, E. H. Harriman,
t,
R. Su
ml Clarke and .lames A. Linen. (V. 83, p. 155.)
DELAWARE LACKAWANNA & WESTERN RR. (See Map.) Operllne from Hoboken, N. J., opposite N. Y. City, to Buffalo, N. Y.,
410 miles, with branches to anthracite region, &c, 547 miles, viz.:
/./-.I
Miles
Lines leased.
Miles.
114 'Utlca Chenango & Susquehanna 9 7
N. .1. State line i<> X. Y line
11
Branches to Xort humberland &c. 80 Valley Hi., of X. Y_.
—
—
\
.
/.:
•Warren
See i-ach Co)
i
19
.
157 •Sussex, &c
& Kss<-\ Branches
•X. Y. Lackawanna & Western.. 214 Bangor & Portland
40
•Morris
•Cayuga &
•Oswego i
34
35
81
.nna
.
•Svt
'.
&
r
X. Y
Ry.
&c.
75
(V. 72, p. 435)
Total operated Jan. 1906
_o:>7
-Original company chartered In 1832; present mi'' a
HISTO
sumed in 1853. \ o iiuj companies (coal and mining) are controlled, the
in April 1903 the entire stock of the
railroad I.
anthracite mims.
V. 78, p. 815.
In Oct. 1904
X. Y. <Y Hobo
Co. was purchased.
'runnel RR.
v. 79. p. 208-">.
New Hoboken
Incorporated Lackawanna
V. HI, p. 668, 777; V. 82, p. 1098.
to I.'- roi pleted In 1906.
'04.
'85.
'05.
'06.
"861 o'OS.
\ '81. "82to'84.
J6M8yeaii
7yearly. *17 ' 1'.) '4 text,
Since 1880,
7'J
DIVIDENDS—
%
•T
.in
:
erly dtvldi
extra 10
EAR
>ald
riNGS.
both
In
ol
leased
Gross.
i
3 montl
reft
31.
.
'mm 1 U to 2
Dec. 1904 and 1905.
lines
in
M%
New York
,
,
only:
Int. taxes, &c.
Bal.,sur
$1,380,322
8615,232
$765,090
2.l7n,<;o:,
.-',l
i
$31 ,951 ,064
iter
taxes..
department
$13,123,00
(net)
miscellaneous Incomi
Total net Income
-
.
-
'Z,ZM,
I
126
l
$16,191 ,419
•learnings
$37,931,222;
$16,638,496
$5,285,668
948,484
4,819,166
1,596
Interest
Balance after dividends
I
164,742
691
$17,061,967
$5,839, 107
and rentals
196,644
Rentals, advances, &o
3,587, 186
Renewal and betterments
Dividends
.. .(10%) 2, 620 ,000
2,620,000
Extra dividend (10%).
$29,180,963
$13,137,560
•8,036,19
$28,701 ,991
$ 2,0 19,217
•3,445, 177
6 13,537
646,233
:',.
(75
1
1
l
16,719
,83 1,000
(7%)
1
,834,000
10,000
r
..sur.$2,698,429 sur.$2,319,871 sur.$4.2. >l ,238
of the coal department
1904,
net, $3,295,425;
1905,
earnings,
In
y650,000
810,000
1,110,000
1,050,000
See text.
5,335,600
1,164,400
3,072,000
600,000
1,000,000
671,000
2,000,000
3,200,000
1,350,000
PT
J Office, 195 B'way,
J Fourth
do
do
D
J
D
J
O
O
Maitland, Coppell,
$11 ,226,647;
$88,693,098;
expenses,
expenses,
—
H%
X Y
Julyl6 062
Jan 1 1936
Jan 1 1936
June 1 1928
July 1 1940
Dec 1 1939
July 1 1939
April 1 1949
Jan 1 1918
Nat Bank, N Y
do
do
—Princi-
When Due
Stocks Last
Dividend.
Whom
J
N Y
do
do
Morton Trust Co, N Y
do
do
do
do
do
do
S
do
do
J
N Blair & Co, New York
J Internat Tr Co, Boston
Mar
1
July
1
1931
1928
Nov '06 -May '13
Jan
1
1936
In 1906 August 25 Broad Street, N Y'
1 1906 5%
4 g
J
& J Central Trust Co, N Y Jan 1 1935
April 1 1935
5 «
A & O
5 g
J
& J Colonial Trust Co, N Y July 1 1931
M & N Central Trust Co, N Y Noy 1 1917
5.
6
A & O New Y'ork and London Nov 14 1918
do
Nov 15 1918
6
A & O
do
4
J
& J Farmers L & T Co, N Y July 5 1906 2 %
Aug
I
T
July 2'06 ZY
2
June 1 1995
June 1 1995
M
Mar
Dec
Aug
%
1941
1955
1980
June-Dec, 1908
To June 1915
To Oct 1 1912
1
1
1
$35,148,521; net, $3,445,477; In 1903, gross, $36,736,325; net, $3,036,194.
OFFICERS. Pres., W. H. Truesdale; Chairman of Board, Samuel
Sloan; Sec. and Treasu., Fred F. Chambers, 26 Exchange Place, N. Y.
BOARD. Samuel Sloan (Chairman), Fredk. W. Vanderbllt, Henry
Graves, Eugene Hlgglns, Henry A. C. Taylor, J. Rogers Maxwell, Geo. F.
Baker, Wm. Rockefeller Hamilton McK. Twombly, James Stillman, M.
Taylor Pyne, Harris C. Fahnestock Frank Work, John D. Rockefeller Jr.
(V. 81, p. 668, 777, 974, 1610; V. 82, p. 509, 1097, 1156.)
—
—
DELAWARE MARYLAND & VIRGINIA RR.— Owns
from Harrington
to Rehoboth, Del., 44 miles; Georgetown to Franklin City, Va., 54 miles;
Controlled by Phlla. Bait. & Wash., which owns $326,200
total, 98 miles.
See V. 50, p. 498.
of the $526,758 stock (par $25) and so by Penn. RR.
Loans and bills payable, Dec. 31 1904, $184,800; other floating debt, $524,661
In year ending Dec. 31 1905, gross, $291,549; net, $37,447; Interest,
but this does not
taxes, &c, $49,756; balance, deficit for year, $12,309
Include interest on the floating debt.
,
—
—
DELAWARE
RIVER RR. & BRIDGE CO. Owns 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 bonds, principal and interest, by endorsement. Dividends:
Dec. 1900 to June 1906, incl., 4% yearly (2 J. & D.). Sinking fund is 1%,
but bonds cannot be called. Guaranty V. 63, p. 1062, 1159.
—
DENISON BONHAM & NEW ORLEANS RY. Bonham Jet. to Bonham, Tex., 24 miles. Operated since completion Dec. 1 1901 by the Mo.
Kansas & Texas under a 10-year contract. Stock, $50,000. In Nov. 1905
V. 76,
permission was given to register $325,000 30-year gold bonds.
Pres., Ed. D. Stager; Sec, John W. Russell.
p. 381; V. 81, p. 1610.
(V. 77, p. 823; V. 81, p. 1610.)
—
DENVER & INTER-MOUNTAIN RY. Embraces 27 miles of track, of
which 22 steam, Denver to Ralston, and 5 trolley, Denver to Barnum. ExSuccessor to Denver Lakewood & Golden RR. sold
tensions are proposed.
V. 78, p. 2334.
Stock, $514,300.
The
in foreclosure on May 19 1904.
stockholders were on June 4 1906 to authorize a general mortgage and the
sale or lease of the road, but action, it was supposed, was postponed.
For 1904-05, gross, $33,679; net, $12,447. Pres., Samuel
V. 83, p. 36.
Newhouse; Treas., F. W. Loveland; Sec, William Morrison. (V. 78,
,
—
V. 83, p. 36.)
DENVER ENID & GULF RR. Guthrie. O. T., northwest to the Kansas
The Atch. Top. & Santa Fe in Jan.
State line at Kiowa, Kan., 119 miles.
Extension proposed from
1906 acquired the entire stock. V. 82, p. 99.
In July 1906 an extension was under conGuthrie to Oklahoma City, 31 m.
struction from Kiowa, Kan., north to Great Bend, 100 m., under charter of
Denver Kan. & Gulf. Stock authorized, $15,000,000; outstanding, $1,120,Bonds limited to $20,000 per mile. V. 77, p.
000; par of shares, $100.
769; V. 82, p. 99.
DENVER NORTHWESTERN & PACIFIC RY.— Building from Denver to
Salt Lake, about 500 m., along a line about 100 m. south of the Union Pac
and 125 m. north of the Denver & Rio Grande. On Sept. 5 1905, 110 m. to
Sulphur Springs. Col., were opened. Terminal line from Utah Jet. Into DenExtension from Sulphur Springs to
ver, 3 m., was completed late in 1905.
Kremmllng, 18 m., was completed June 1906, In Jan. 1906 40 m. from
See V. 75,
V. 82, p. 49.
Kre mniling west to Tonopas was about to be let
X. W. Terminal HI!, proposed.
p. 289; V. 78, p. 1108; V. .so, p. L862,
In June 1905 a syndicate
v. 79, p. 1704; V.81,p.l315; v. 82, p. 1211.
headed bv Win. L. Bull of New Y'ork agreed to finance the road. V. 81
p. 820, 1549, 2334;
—
.
155;
p.
V.
82,
p.
627.
Incorporated In July 1902 with $20,000,000 authorized stock, of which
$10,000,000 pn-f. 5% non-cum., all to be issued for construction, together
with $20,000,000 of the 522,500,000 4 % bonds. V. 75, p. 1147; V. 79. p. 102.
Da\ Id II. Moffat; Vlcc-1'res., W. G. Evans; Treas. Thos. Keely:Sec,
Pres
(V. 82, p. 49, 627, 1211.)
F. B. Gibson. Directors, Jan. 1906, V. 82. p. 49.
DENVER & OMAHA SHORT LINE RR.— V. 83, p. 94.
—
,
,
—
DENVER & RIO GRANDE RR.
—
(See Map.)
ROAD. Tile lines of
company, together with those of the Rio Grande Western Ry., whose
are well shown on the adjoining map.
stock Is substantially all owned,
this
Miles.
Miles.
Of the preceding:
Standard gauge
1,568
Rio dr. Je. Rlt., &c (leased)
Narrow gauge only
»07
2.470|2d track and 3d rail.-..
267
1905
Total June 30
Rio Grande & Southwestern HH„ Lumberton station. Ool., 33 m. south-
Road owned and operated
1,318,245
617,979
700,266
held on Tuesday preceding last
REPORT. \The repori tor 1905 wa In V. *2, p, m:i7; Bee al o
Frldaj In February,
all lines except Syrac, Blngh. &
editorial, p. ii2<;. The following Includi
Y., Susses RR., Bangor & Portland and Lack. >v Montrose RR.
X.
!„
inn I.
1905.
1908,
55,215,919
$5,529,002
$5,083,142
earnings
23,224,372
11,568,693
22,181,752
Freight earnings 3,197,690
1,916,069
1,917,379
ANNUAL
4g
4g
4g
5g
5g
4^
5g
15.200,000i
13,736,600
&
&
&
&
&
&
&
&
&
&
&
&
&
In April 1905;
Net.
$2,683,863
...
1905
Where Payable, and by
Payable.
100
1,000
1,000
100
100
100
1,000
1,000
1.000
1,000
1,000
new stock
Stockholders In 1904 subscribed to $7,000,000
When
Rate
950, 000 5 In 1906
H K McHarg, New Y ork
&
1,050 000
&
P Morgan & Co, N
4g
1,250 000
do
do
4g
&
12,500 000
7,500, 000
5,000, 000
1901
4,495, 000
& S H B Hollins & Co, N Y
4.
1905
4,253 000
4 g
J
& D Interest from Dec 1 1905
1905
2,776 400
& A Interest from Aug 1 1905
4H g
1905
5,500 000
5
& D
1905
1.863, 000
& D New York
4y g
2
291, 000 AY to 6
do
& D
2
not g uarantee d. y Of Wh ten $260, OOOlntre asury.
K.c* Text.
Consolidated mortgage $22,500,000 gold
Usm
Notes for Ann Arbor redeem 102 ^ yearly
Equip trust notes gold (V 82, p 99) $207,000 yrly.Ta
Detroit Southern car trusts unretlred
x Of which $1,677,000 in treasury; there are also $2, 233,00
to retire the $5,000,000 N. Y.
1
1895
1895
—
Common stock 512,500,000
Detroit Toledo & Ironton
non-cum (pref as to assets) 57 ,500 ,000
First pref 4
non-cumulative $5,000,000..
Second preferred
redeem 105_.Ce
Detroit Southern Ohio So Dlv
54,253,000 gold.. N.c*
General lien & division 1st
1,000 &c
1,000 &c
1,000
1,000
1,000
1,000
1,000
100
100
1,000
1905
1 906
1901
1887
1878
1878
—
pal,
$100 $38,000,00o!_
100 45,712,700 5 In 1906
500 &c 33,517,000
4g
1,000
6,382,500)
4H g
500
8,335,000
o g
1,000 x2, 277,000
4 g
1,000
2,000,000
5g
-Tr'
5% non-cumulative 550,000, 000. Tr;
1,6671
mortgage for $42,000,0001
now first mortgage)
Jgold.. Us.c*&r 1,667'
Improvement mortgage (55 ,000 per mile) g. Us.c* &r 1,667
180
Rio Grande Southern flrst mortgage guaranteed. Ce
Ce.c*
62
Rio Grande Junction first mortgage guar
435
Rio Grande Western 1st M gold (V 69, p 284). Ce.c*
657
First cons M redeem at par (see text) gold. Mo.c*
36,
Utah Central 1st M guar. (V 68, p 724) gold.. Mo
redeem at 110. Mo
Utah Fuel Co 1st M §2,000,000
...I
Mo:
Pleasant Valley Coal 1st M s f redeem 115
___
___|
Equipment bonds Series A gold 575,000 due seml-an
Denver Yellowstone & Pacific 1st M S8, 750, 000 gold
Des Moines & Fort Dodge Common stock
Preferred stock 7 % non-cumulative
143
First mortgage gold guar prln & Interest. .Ce.c* &r
Ta
Second \i si ,000,00(1 gold redeemable at 105
75
Des Moi la F & No 1st M 514,000 p m gold red.Col.c*
Ce.c*
4
Des Moines Union 1st M for 5800,000 gold
1st equip M guar
189
C*
Detroit Grand Haven & Milw
189
Consol mortgage guaranteed (option see text)..c*
65
Stock 4 % rental L S & M S
Detroit Hillsdale & S
See Pere Marquette RR.
Detroit Grand Rapids & Western
See Pere Marquette RR.
Detroit Lansing & Northern
Pref stock $1,000,000 auth
Detroit & ftlackinac
Mo.c* All.
"First lien" 51,500,000 gold
"Mortgage bonds" 51,750,000 gold red at par. Mo.c* All.
Preferred stock
First cons
Bonds
Size, or
Road. Bonds.
tables.
— Stock common
Denver & Rio Grande
see notes
Date
of
Miles
For explanation
Vol. lxxxiii.
,408
62
V. 79, p. 907.
easterly, will be operated on basis or 25% of gross cams
Branch to Farming ton, N. M., 47 m., was completed In Sept. 1905.
of a railway company or same name foreHISTORY. Reorganization
closed July 12 18N6. The Rio Grande Junction Is leased Jointly by this co.
and the Colorado Midland, and Its bonds guaranteed, The Col Midland Is
controlled by parties interested severally In the D. & It. (!. and Colorado
& Southern. V. 70. p. 739. The Itlo Grande Soul hern Is controlled.
The Missouri Pacific early In 1901 acquired $14,800,000 common and
$7,300,000 preferred stock, this, together with the Rockefeller interests, it
majority ol the entire stock.
is understood, constituting a considerable
V. 72, p. 388, 580, 1238; V. 73. p. 506.
West, own a majority of tin stock and have given
D. & It. <J. and Rio Gr.
a traffic guaranty to the Western Pacific Ry. (which BOO), building from
Y. 81, p. 845,
Salt Lake City tO San Francisco.
—
DIVS
'92. '98. '94.
since '91
o„ preferred,
—
%
I
2
'95,
'96.
2
'97. '98, '99. '00. '01 to July
i
2
5 yearly
2H
06
i
stock. During 1901-02 pref stock was Increased from $28,650,000 to
in
V, 72, p, 775.
$44,400,000, to acquire the Rio Grande western stock
Dec 1905 $1,312,700 pref. stock issued to acquire Rio Grande Southern
stock and for Improvements, was listed, raising the amount outstanding
V. 81. p. 172.1.
to $45,705,700.
HONDS. Consols of 1886 for $6,900,000 originally reserved for extension to Ogden wire available for capital requirements, of which part Issued.
See abstract f mortgage In V. 17. p. 22*.
V. 73. p. 507.
—
July,
1906.
RAILWAY STOCKS AND BONDS.
51
RAILWAY STOCKS AND BONDS.
52
For explanation
of
on
column headings, &c.
page of
first
— —
—
W
—
—
—
—
—
1895
1869
88-'00
1887
1896
1892
1893
1898
1885
1887
1890
1892
184
328
210
210
65
130
130
156
416
572
—
—
(now
%
Un
$4,500,000 gold guar
first)
Outstanding
%
$2,116,000
140,000
5,425,000
2,800,000
8,930,000
6,732,000
See text.
1.174.000
1,386,000
3,943,000
1,077,000
3.816,000
15,107,000
3,000,000
236,213
173,720
500,000
300,000
350.000
497,750
1,730,450
495,000
4g
6
4g
$1,000
100
1,000
500 &c
,000
,000
1,000
1,000
1,000
1,000
1,000
36
1888
34
1905
1,000
181
1905
1891
1,000
1,000
34
1884
1,000
50
50
1,000
July
to
1
May
M
75 H
75
1860
1863
"85
85
85
500
50
50
1890
1,000
31, 11 months:
Charges.
Bal.,sur.
Net.
Oth. inc.
$6,896,571
$245,744 $3,796,609 $3,345,706
196 777
2,611,682
6,201,725
3,786,820
REPORT.— Full report for 1904-05 in V. 81, p. 838, 849, including the Rio Grande Western.
See p. 805.
1905.
1904.
1903.
1902.
Year end. June 30
2,420
2,398
2,378
2,347
Average miles operated.
$17,031,507 $16,446,434 $17,304,559 $17,036,828
Gross earnings..
6,862,547
6,387,991
6,674,709
6,705,286
Net earnings
214,345
165,762
Other income
192,133
209,717
11 mo*.
1905-06
1904-05
Gross.
$17,903,662
15,489,133
ANNUAL
Total net Income
Interest on
Taxes and insurance
Betterments. &c.
Miscellaneous..
Dividend on pref
_
.
stk.
5
.
$7,054,680
$3,182,573
761,038
283,915
298,617
$6,602,336
$3,170,802
671,470
%2 .250 ,000
$278,537
bonds
Balance, surplus
$6,871,048
$2,898,093
580,016
500,000
310,314
2 ,220 ,000
$6,884,426
$3,083,404
662,041
436,797
296,420
2,220 ,000
$234,413
$185,764
$362,625
305,651
2 ,220 ,000
T.
— Chairman of Board, George Gould; Pres., E.W.
Vice-Presidents, Chas. H. Schlacks and A. C. Bird; Treas.,
195 Broadway, N. Y.
Sec. and Compt., Stephen
Gould, Winslow
Pierce, E. T. Jeffery, W. H.
Directors — George
Taylor, A. H. Calef, and Arthur Coppell, New York; Charles H. Schlacks
OFFICERS.
Jeffery;
Gilluly;
J.
J.
Little.
Office,
S.
J.
and
Joel F. Valle. Denver,
Col.— (V.
81, p. 838, 845, 1492, 1723.)
DENVER & SOUTHWESTERN RV. — See Cripple Creek Central
DENVER YELLOWSTONE & PACIFIC RY.— Projected from
— (V. 82,
p. 280.)
DES MOINES & FORT DODGE RR.— (See Map
— Owns Des Moines to Ft. Dodge,to
m.; trackage,
Central, Tara
&
Minneapolis
St.
88 m., and Tara to Ruthven,
Illinois
Ft. Dodge Jet., 6 m., Included
55
above.
On March 1 1904 Minneapolis & St. Louis acuulred $2,530,000 of
the outstanding $4,283,100 coin, stock, and guarantees the $3,072,000 first
mortgage 4"„ gold bonds Issued to retire all the outstanding bonds maturing Jan.
1905; tile Minn. & St. Louis leases the road for 30 years from
Jan. 1 1905; all Income over charges, Improvements, &c, to be paid to
V. 79, p. 268, 1704, 2085.
lessee.
Form of guaranty, V. 79, p. 2696.
Preferred stock Is entitled to 7%, non-cumulative, then common to 7%,
after which both share equally.
The stockholders June x 1906 authorized $1,000,000 second mortgage
bonds, of which $600,000 was used to pay floating debt Incurred for Improvements, the common Stock being raised from $4,283,100 to $5,335,600
and the preferred from 8763,500 to 81,164,400 to make this possible. V.
82, p. 1322.
Louis.)
la.,
1
DIVIDENDS.
On preferred
—
'03. '94.
2
4
1
%J
'95.
4
'96 to '98.
6 y'rly.
"99 to '03. '04. '05. '06.
7 y'rly.
5
5
5
Pres., Edwin Mauley; Vlcc-Prcs.. L. !•". Day; Treas., P. II. Davis; Sec,
Rental for year ending Dee. ;u 1004, $149,403; 1901,
S. Crandell.
(V. 80. p.
$165,773.
171; V. 82, p. 1211, 1822.
W.
—
I
DES MOINES IOWA FALLS & NORTHERN RY.— Iowa Falls. la., to
Des Moines. 75 in., completed Aug, 1008. In Dee. 1005 Win. A. Bradford
Jr. of New York acquired control.
Extension north to Mason City, 45 m.,
building under charter of Si Paul <V Des Moines Hit. V. 81, p. 1723.
Stock authorized, $) ,200,000: outstanding, about $000,000 in April 1905;
par of shares, $100 each.
Be
ubjecl to call al 105 on and after July
looo; they are limited to 814,000 per mile. «ui, $50,000 additional for
1
Des Moines terminals.
Foi
Ins; June 80 1005 gross $153,183; net,
Pres.. W. A. Bradford Jr.J See. and Treas.. (;. A. W. Dodge.
$21,380.
(V. 81, p. 1723; V. 82. p. 838.)
is
&
6g
6 g
5g
6
5g
Central Trust Co,
&
&
44 Wall Street
&
or
do
do
New York
New York
N Y
do
New York
London
&
&
J
&
&
J
J & D
&
J
M &
5 g
(6)
5
6
4g
5g
5g
Chase Nat Bk, N Y; & Chi
Merchants' Tr Co, Bait
Fid I T & S D Co, Phila
Reading Term, Phila, Pa
Phila & Read Ry, Phila
do
do
M & N
2
Guar Tr & S
D
Co, Phila
N Y
1
1917
1937
1916
Jan 1 1922
Jan 1 1923
Jan 1 1918
April 1 1925
Jan 1 1937
Aug 1 1990
Dec 31 1912
1906
To Jan 1911
Jan 1 1916
July 1 1935
June 1 1940
J'ne 15" 06
July 10 '06 3 54
Mar 1 1958
1
1
2^%
Nov
1
1935
M
g
5
7
&
&
Trust Co of Amer,
&
&
&
J
5 g
Nat Bank of Comm, N Y July 1 1924
Broad St Station, Phila May 1906
do
do
July 1906
do
do
Jan 1 1910
do
do
Oct 1 2862
Union Trust Co, N Y
J'ne 9'06, 1 H
Q—
Q—
7
g J
&
Broadway,
71
&
&
6
5
7
SH
do
do
Oct
nds or collateral therefor.
Empire Bldg, N Y Oct
Office,
Jan
do
do
do
4y
5g
5
3%
Si
4 g
4
4y
2
Jan 1 1953
J Merchants Tr, Co, N Y
143 Liberty St. New York April 1906
Aug 1 1951
Office. 11 B'way. N Y
&
&
6
Dividend.
do
do
J
Jan
New York May
do
do
1
1916-1935
1 1941
J'ne 9 '06 l\i
July
1
1940
%
%
DETROIT GRAND HAVEN & MILWAUKEE RY.
(See Map Grand
—of Sept. 1878. The principalHaven Interest on the bonds are
Owns from Detroit to Grand
Mich., 189 miles.
A
organization
and
Trunk Ry.)
re-
guaranteed by the Grand Trunk of Canada. Stock, $1,500,000; par, $50.
Real estate bonds or mortgages, $226,000. On June 30 1905 sundry outstanding accts., $285,000. Grand Trunk of Canada owns $1 ,500,000 stock.
Decision holding tax limited to 1% on capital stock, V. 82, p. 986.
EARNINGS. 11 mos., 11905-6
Gross, $1,455,686; net, $385,734.
July 1 to May 31.
Gross. 1,319,380; net, 341,877.
J1904-5
For year ending Dec. 31 1905, gross, $1,480,903; net, $395,434; charges,
$361,529; bal., sur.. $33,905. For 1904, gross, $1,350,151.
(V. 82. p. 986.)
—
—
DETROIT GRAND RAPIDS & WESTERN. — See Pere Marquette RR.
DETROIT HILLSDALE & SOUTHWESTERN RR.— Owns Ypsllanti.
Mich., to Bankers, Mich., 65 m. Leased In perpetuity July 1 1881 to the
Lake Shore & Mich. Southern Ry.; rental. $54,000 per year 4 % on stock.
—
DETROIT MACKINAC & MARQUETTE RY.— SEE MISC. COS.
DETROIT & MACKINAC RY.— Owns from Bay City, Mich., to Cheboygan, 195 m.; Rose City Branch, 32 m.; Prescott Branch, 12 m.; Lincoln
Branch, 14 m.; Au Gres Branch, 8 m.; various logging branches (largely
temporary) 69 m.; total, 330 m. Extension north from Tower to Cheboygan, 22
was completed in July 1904. and to be continued to Mackinaw,
23 miles further.
In 1904-05 carried 506,639 tons, of which forest products
furnished 55.62 %.
In 1902 Henry K. McHarg and associates acquired control.
BONDS. "Mortgage bonds" for $500,000 were reserved for betterments
&c, at not over $50,000 per year. V. 74, p. 629. In addition to the
amounts shown above as outstanding, $450,000 "first lien" and $150,000
"mortgage" bonds were on June 30 1905 held In the treasury. Equipment
notes (5s), due $6,667 monthly to July 1910 inclusive.
STOCK. The capital stock Is $3,000,000, of which $2,000,000 common
and $1,000,000 5% non-cum. preferred. See V. 74, p. 629. Dlv. on pref.,
2H %, July 1 1903: since to July. 1906. 5 % yearly.
LATEST EARNINGS.— \1905-06
Gross, $1 ,049.695; net, $141 ,513.
Gross,
11 mos., July 1 to May 31.J1904-05
904,188; net, 264,270.
Year ending Dec. 31 1905, net (over taxes), $267,515, against $301,683
in 1904; bond interest, $92,000; dividend on preferred stock, $47,500;
balance, surplus, $128,015.
EARNINGS. Report for year ending June 30 1905 was in V. 81, p. 1312,
showing gross, $990,555; net, $355,484; int., taxes, &c, $167,494; pref.
div. (5%), $47,500; bal., sur., $140,490.
(V. 81, p. 1312; V. 82, p. 986,
m
,
,
—
—
—
—
1379.)
Ry.
Denver,
Col., northwesterly to Walcott, Wyo., on the Union Pacific, about 250 m.,
via Fort Collins Encampment and North Park, of which Walcott to Grand
Encampment, 48 m., Is to be completed about August 1 1906. Projected
ultimately to Boise and Dubois, Idaho, tapping the Yellowstone Park.
Formerly the Colorado Wyoming & Idaho Ry., but name changed. Stock
authorized. $10,000,000, of which $3,000,000 is 5 % non-cum. pref. Of the
bonds. $1 ,650,000 are Issuable on first 48 miles, balance at $35,000 per mile.
V. 82. p. 280. Pres., E. H. Power; Sec. E. S. Chenowlth. Office, 45 Milk
St., Boston, Mass.
5
500,000
500,000
500,000
963,000
570.000
2,000,000
512,300
4,458,000
12
~36
Whom.
A & O
F & A
A & O
entral
A &
7
240,000
8,500.000
30
Where Payable, and by
J
Illinois
500,000
1906
1906
1905
1890
The improvement mortgage abstract was in "Chronicle," V. 47, p. 229.
Abstract of R. G. W. 1st mort. was In V. 49, p. 237, and statement to
N. Y. Stock Exchange. V. 50, p. 73; also V. 69, p. 284. Utah Fuel 1st 5s
of 1931, see application to list, V. 78, p. 1171, 1178, 1548, 2015.
The Rio G. W. first consol. 4s of 1899 are secured by a first mort., either
directly or by all their securities, on 202 m. of branch lines, and further by
a second lien on 438 m. of main line and other road, and on all new mileage
to be constructed and rolling stock purchased, incl. 50 m. of branches to
Heber and coal mines built in '99; $15,200,000 are reserved to retire the
1st 4s. $4,036,000 were Issued at $20,000 per mile for branch lines, or securities representing the same, $800,000 to retire 1st mort. bonds and $8,500,000
for equipment and Improvements. They are also secured by a first lien on the
Additional consols may also
entire $10,000,000 stock of the Utah Fuel Co.
be Issued at $20,000 per m. for future branches and extensions or for underlying liens of acquired roads. See application to list it full, V. 72, p. 537.
V. 72 d. 775 1189. List of collateral June 30 1905, V. 81, p. 847.
LATEST EARNINGS.— From
&c
&c
When
Payable.
Rate
100 &c
1,000
1.000
1,000
50
50
1,000
—
First mortgage
...
Income bonds 999 years to run
c*
rental 999 yrs Penn Co
Erie & Pittsburgh
Stock 7
Special guaranteed betterment stock $2,500,000..
M
218
Amount
Value.
1903
When Due.
pal,
Par
48
,
——
—
W
——
—
—
—
—
General
of
Bonds
Size, or
Road. Bonds.
Det & Tol Sh L 1st M $3,000,000 g gu p & i.Me.c'&r
Dover & Rockaway Stock 6% rental 999 years
lines 1st Mg..llt.c'4r
Dob & Sioux City 111 Cent
Iowa Falls & Sioux City 1st M Iowa Falls to SlouxCy
Cher & Dak, C R & C and Omaha Dlv etc 1st M
Mp.c&r
Dnluth & Iron Range First mortgage
Second M currency redeem at 105 $5.000.000_.Ce.c*
Duluth Missabe & Northern -First mortgage gold s f
Ce
First consol M $3,500,000 gold call at 105
Second mortgage ($5,000,000) gold red at 105__Ce.c
Dnluth So Sh & Atlantic Marq H & On gen M.Ce.c*
Duluth South Shore & Atlantic 1st M gold.Ce.c&r
First consol mortgage gold Interest guar_Ce.c*&r
Income certs ($3,000,000 held by Can Pac July '05)
Car trusts Oct 31 1905
Car trusts guar by Can Pac due mont hly
Win 1st M g red 105 beg 1911
IC.c*
Dol
Dur & So Car 1st M $300,000 gold red 105...MeBa
Dutchess County RR 1st M gold guar (text) . . Me.c*
East Mahanoy RR Stock
Ea«t Pennsylvania Stock 6 % guar 999 yrs Phila & R
First M gold guar p & I by P & R RR (end)__c*
East Tennessee Virginia & Georgia See Southern Ry.
No Car 1st M $500,000 gold. . GuP.c*
East Tenn &
Eastern Ry of Minnesota See Great Northern
1st M g $240,000 S f..Ta
El Paso Union Pass Depot
El«in Joliet & Eastern— First M ($10,000,000) g.Ce.c*
Elmira Cortland & Northern See Lehigh Valley RR.
Sodus Bay & So 1st M g.Un.c
ElBiira & Lake Ont
Elmira & Williamsport Stock common 5 % rental N C
Preferred stock 7 % rental 999 years Northern Cent
RL&
Date
of
see notes
tables.
— PrinciStocks —Last
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
[Vol. lxxxiii.
.
—
DETROIT RIVER TUNNEL CO — See
DETROIT TOLEDO & IRONTON RY.
Michigan Central.
(See Map.)
Operates from Detroit, Mich., to Ironton. via Lima, 381 m., Including 43 m. of trackage;
branches, Kingman to Sedalla, O., 31 m.; Jackson to Cornelia, 20 m., and
Lisman Jet. to Dean. O., 3m.; total. 435 m.; coal mine tracks, yard tracks
and sidings, 114 m. Outlet for bituminous coal of Southern Ohio. In
June 1905 control of the Ann Arbor RR. was acquired (see "Bonds" below.)
V. 81, p. 264; V. 82,
—
p. 509.
will build
The same Interests
Pound Gap, 125 m.,
an Independent line from Ashland, Ky., to
affording connection with 350 000 acres of coal lands
owned, and will use the bridge to be built across the Ohio River between
Ironton and Ashland, under the name of the Kentucky & Ohio Bridge Co.
V. 81, p. 777. 1492; 1610; V. 82, p. 1379.
ORGANIZATION. Incorporated May 1905 as successor, per plan V.
foreclosed, subject to Ohio Southern
80, p. 650, of Detroit Southern
V. 80. p. 2344, 1856.
Division mortgage.
STOCK. Common stock representing control (par $100)
$12,500,000
non-cum. with preference also as to assets and con1st pref. 4
vertible at option of holders Into 2d preferred..
7,500,000
non-cumulative tpar $100)
2d preferred 5
5,000,000
BONDS. Gen. lien and dlvs. 1st 4s are secured by mort. on entire system, Including future property, except Toledo terminal.
The consol. 4Hs cover the whole system and arc also a first Hen upon the
stock of the Toledo Southern RR. and all additional mileage constructed
or acquired by means of bonds other than the $2,675,000 now to be Issued.
In March 1900, $101,400 consol. 43-^s were Issued In exchange at par for
V. 82, p. 500.
part of Ann Arbor minority stock.
The $22,500,000 consols were Issuable as follows:
Reserved to retire Ohio Southern Division bonds
$4,500,000
general lien and divisional 1st M. 4s
do
do
4,253,000
car trust notes
do
_
do
320,000
Issued for assessment and to syndicate for cash _
2,675,000
Reserved for corp. purposes at not exceeding $750,000 yearly
2,500,000
Reserved especially for extensions, terminals at Toledo or elsewhere, Ohio River bridge or bridges, improvements, &c
8,252,000
notes or 1105 ($5,5110.11011 present Issue) are secured by $3,001,000
The 5
Ann Arbor preferred and $2,190,001) common stock and $5,000,000 Det. T.
& I. consols. A further $1 ,500. 000 may be Issued to acquire remaining
Ann Arbor stock. V. 80, p. 2 157. 2620; V. 81, p. 155. Car trust notes
additional to those In table above, $00,112.
EARNINGS. For months ending March 81, Including Ann Arbor:
For !l months,
11006
..Gross, $8,168,834; net, $1,070,819
.cross, 2,628,100; net,
r>y.s,400
.Juiv
to March 31 [1905
surplus over charges, $216,388 agalnsl $26,861 In 1004-05,
REPORT. For year ending June SO 1005 In V. 81, p, itui (including 10
months' operation bj old company) gross, $1 ,468,200; net, si 53 oo5; taxes,
about $00,000.
Pres
Eugene Zimmerman; See. and Treas., c. Caspar
(V. HI p. 17111; V. 82, p. 09, 500, 1379.)
—
RR
,
—
%
.
—
%
%
1
1
des moines union ry —Terminal
road
Des Moines; owns
miles
main track and branches. 14 miles 2d and Hide tracks, bridge across Des
River and 25 acres of land In Des Moines. See statement to N. Y.
Moines
i. ease.i to vVabash RR., Chicago
Stock Exchange in v. r,5. p. 1178.
Great
Western, Chic, Miiw. & St. P. Ry., Chic. Burl. & Qulncy RR., Des Molnea
Iowa Falls &, Nor'n Ry. and Minneapolis & St. Loull RR, \ 75, p. 342.
Rental equal to expenses and fixed charges paid monthly by lessees on
wheelage basis. Stock authorized. $2,000,000; outstanding, $400,000; par,
Year 1904-05, gross, $204,123; net, $52,809; charges, $52,800.
$100.
(V. 75. p. 342.)
In
4
,
.
,
.
DETROIT a TOLEDO SHORE LINE RR. -Extends from Toledo
(suburbs
of)
to
Detroit, 47.6 m.; 2d track, 20 m.; sidings. .1 m.; trackage over
total track, lol.O miles; laid with
Toledo Ry, & Terminal Co., <Vc, :il m.|
Sec V. 78. p. 2598.
80-lb. steel rail.
July,
RAILWAY STOCKS AND BONDS
1906.]
53
MAP OF THE
&
Detroit, Toledo
Ironton Ry.
AND THE
Ann Arbor
Railroad
.j£?«*><Big Stone Gap
J
X
I J
RAILWAY STOCKS AND BONDS.
54
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation of column headings, &c,
on first page of tables.
—
t™*/»'«
Par
Amount
Value.
Outstanding
Road. Bonds.
M
S30.000.000 gold $ or £
F.c*
West funded coupon bonds gold
c*
Buffalo N V & Eric 1st M (Buffalo to Corning) _.c*
Buffalo to Jamestown g_-C*
Buffalo & Southw 1st
Newburg & N V 1st M gold extended in 1889
c*
B Bonds on Properties Controlled by Ownership of
First consul
NYLEA
M
—
•Bergen Co
RR
1st
M Ruth
Ridgewood
Jet to
N
J
1st M g (Marion. O.to Ham'd,Ind)_Ce.c*
Chicago & Atlantic Terminal first mortgage g. Ce
cGoshen & Deck't'n 1st & 2d M's ($60,000 are 2d)
cMont lV Erie 1st & 2d M's (S40.500 are 2ds)
•Jefferson 1st & 2d M's ext In '87 & '89 (H'daleBr) _c
First mortgage Carbondale to S depot gold.FP.c*
•Long Dock Co cons M g (now 1st M) see text) ..c*
cX V dc Greenw L prior lien M $1,500,000 gokl__N
•Ch & Erie
W
YLE4WD4ICOM M
—
—
— M
1847
1849
1853
1857
1858
En
tire (•)
1881
1890
1888
500 &c
200 &c
1861
1870
1
1.S78
1,000
""§ '67-'69
37 1889
1885
52 1896
34 1880
1892
1882
1883
422 1880
50 &c
1.000
or a Maj orlty
1,000
1,000
1,000
~
"&c
1,000
1,000
100 &c
500 &c
500 &c
1,000
1,000
500 &C
Man V
alley
R.
R
1895
1895
1895
67
RR
— See
—
77, p. 88, 250, 628; V. 78, p. 2442, 2598.)
Map
of Illinois Central.)— Owns
RR. (See
Falls, 143 miles: Iowa Falls to Sioux City, 184 m.;
Rapids, 42 m.; Onawa, Iowa, to Sioux Falls, Dakota,
Iowa
Manchester to Cedar
155 m.; Cedar Falls to Minnesota State Line (merged by consolidation in
1896), 76 m.; Tara Station, near Ft. Dodge, la., to Council Bluffs, 130 m.;
total owned, 730 m.
—
ORGANIZATION. Controlled since April 1887 by the Illinois Central
RU.. 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 Iowa Falls &
,
Sioux City mortgage. $2,800,000. Lease. V. 79.
p. 1274.
1894.
1895, Dec., 1; '96, 3; '97,
1901, 1>£; 1902, Jan., 1.
{V. 70, p. 1290.)
—
DIVIDENDS SINCE
1900,
3;
—
2; '98,
3K;
'99, 3;
Duluth to Ely, Minn., 119 miles,
witii branches to Mesaba Range Mines, Fayal, &c
65 m. Owns ore docks
and yards on Lake Superior costing over $1 .500.000.
,
— Stock authorized, $10,000,000; outstanding $3,000,000;
Land grant from Minnesota about 506,000 acres, of which
&c.
par $loo.
201.7
ad been patented to it prior to April 30 1895; V. 64, p. lull.
Federal Steel Co. (sec t
S. Steel Corp.) owns the stock and $3,500,000 of
(V. 66, p. 1237.)
First mort. bonds
the $4,500,000 2d mortgage bonds
authorized, $25,000 per mile for construction and $7,000 for equipment.
Dividends prior to 1900 aggregated 100 %; in 1901-02. 6 %; in 1903-04, from
accumulated surplus, 150%. V. 79, p. 2085. In May 1906 a mortgage
was
Trust Co. as trustee to secure $1 ,000,000 of 5
oi Alborn branch, the bonds being issued
bond
\
nil.
but held In
82, p.
June 30 1905, gross, $6,710,682; net, $4,480,237; other Inidlng
come, $'.
taxes and depreciation $1,305,016; construction expendlt .res, $15,808; bal., sur., $3,169,333.
(V. 79, p. 2085.)
i,
:
.
%
1
.
i
—
DULUTH M1SSACE & NORTHERN RY.— Owns
tain Iron,
.'
i
i
norti
!
from Duluth to Moun-
77 miles; branches and spurs, 84 miles; trackage to Union
.2 mil. •; total, 163 miles.
Contract for branch from Alborn
[lne, 54 miles, was let In June 1905.
Entire
n
.
—
DULUTH RAINY LAKE & WINNIPEG RY.— Projected
from Virginia,
Minn., nortb to connection with Canadian Northern at International Falls,
98 miles, giving that road access to Duluth and Two Harbors at the head of
the G
-s.
Of this, 2K miles from Virginia to Ashawa, with spurs,
40 mi
id sidings, 17 miles, were In operation Dec. 1905.
Stock. $2,01111,11110. owned by the Virginia <Jc Rainy Lake Ry., which guarantee
Sinking fund yearly, beginning
principal and Interest.
March 1909, amounting to two-thirds of net earnings of preceding calendar
year.
V. 81 p. 558, 613, 1848; V. 82, p. 751
I. ATI.:
Cross, $142,112; net, $63,679.
:. tRNINGS.— 1906
.
.
mo
L905
31,
Wirt
.,
II.
<
00k;
See.,
Gross,
88,369; net, 28,776.
(V. 82, p. 751.)
David O. Anderson.
—
DULUTH SOUTH SHORE & ATLANTIC RY.— Operates
Sault Ste
12H mile
Marie,
115 miles;
t,,
Duluth to
"Soo" Junction
to St. Ignace, 43 miles; other,
Including 10 miles of trackage.
CAPITAL STOCK. — Common
;
stock Is $12,000,000; pref. $10,000,000;
both $100.
Pref. stock Is 6 % non-cum.
Can. Pac. July 1 1905
owned $6,100,000 com. and $5,100,000 pref. stock, $3, 000,000 Incomes
and $15. 10;, 000 consols.
i>s. &c.
Abstract first mortgage, V. 45, p. 274.
The in
consolidated mortgage of 1890 has Interest at 4 % guaranteed
by Can. Pac., which July 1905 held the entire outstanding Issue ($15,107,ooo) in ii
ity for its 4 % debenture stock; consols for $4,893.000
d for prior bonds, and additional amounts may be Issued
at $20,000 pi t mile ol new lines.
Car trust 4'As of 1900, V. 82, p. 452.
LATES1 EARNINGS.- 100:, 00
Gross, $2,781,517; net, $911,114.
II mi
to Maj 31, 1001 05
Gross, 2,451,898; ue1
790,905
Deflcll
ind
il
ilnsl def. $190,900 In 190
05.
REPORT. Repoi
tiding .lone 30 1905, In V. 81. p. 1042.
or the tonnagi In 1904 05, 01
lied 49%, lumber, &<•., 20%.
Year,
Orose,
a*
ucet.
Oth. inc.
Interest.
Balance,
190105. $2,706,9
$637,496
$15,771
$859,823 def. $206..-.52
1903-04
612
def. 283,452
564,764
11.484
850,700
Pres., W. F, Pitch, Marquette, Mich.
(V.81, p. 613, 10.12; v 82,p. 452.)
Durham * sot 111 CAROLINA RR. Durham x. C, south SO miles
to Mlnturn on the Seaboard Air Line, completed Oct. 1905,
Stock, 8300,$100.
000; par o
Bonds, see tabic above,
v. 81, i>. 840. Pres.,
Ernest Williams, Lynchburg, Va. -V. ki. p, 840,
DUTCHESS county rr. Poughkeepsle to Hopewell Jet., x. v.. 12
miles. Leased toCent. New Eng. Ry. for Inten bonbon
ind rental
of $100 per annum. Stock, $300,000; par, $100.
(V. ki
p. 84i.i
.
par,
—
1
1
i]
..
1
I
—
1,000,000
35,000,000
40,409,000
1
.
—
—
6
N
11
do
S
S
o
l>
J
S
S
I)
J
do
by
o
X
11
New York May
do
do
do
do
do
do
do
do
do
do
1
Sept
1
Mar
1
Oct
June
1
1
July
Sept
Sept
1
1
1
June
1
July
Jan
1
1
April
1
May
1
July
1
2%
2 %
1947
1919
1923
1920
1928
1931
1920
1920
1916
1908
1929
Lease.
(c)
Broadway New York
do
do
do
do
J
Feb 28 1906
do
Broadway,
do
do
do
do
do
do
do
do
do
J
1911
1982
1918
1928-1929
Various
Various
Xew York 1926-1927
J
& JjFldelity Trust Co, Phila July 1 1927 1929
Broadway, New York Jan 1 1909
A & O
A & o J P Morgan & Co, N Y Oct 1 1935
1940
May
M & X
do
do
do
May 1 1910
M & X
do
do
Jan 1 1933
J
& J
do
do
do
May 1 1922
M & N
July 1 1913
J
do
do
& J
11
1
Broadway,
1
1
6
5
6 cur
6
4H
J
g
M &
Mar
do
do
s
1
1935
g
&
&
&
J
4 g
J
5
1
4g
J
J 11 Broadway, Xew York July
Jan
J New York & London
J 11 Broadway, New York Jan
1908
1096
1996
1
1
j
—
EAST MAHANOY RR. Owns from Fast
ahanoy Junction to St.
Xicholas and branches, 11 miles.
Re leased Dec. 1 1896 for 999 years to
Little Schuylkill Nav. RR. & Coal Co. at 5 % on stock, and lease assigned
to Phila. & Reading Ry.
Of the stock $283,050 is owned, $2S0,000 being
deposited by Reading Co. under Its general mortgage.
EAST PENNSYLVANIA RR. Owns Reading, Pa., to Allentown, Pa.,
35 miles; second track, 18 miles; all track, 70.5 miles.
Leased for 999 years
from May 1 1809 to the Philadelphia & Reading RR. at a rental of 6 % per
annum on the stock and interest on the bonds. Lease assumed lu 1890 by
the Phila. & Reading Railwui/ Co.
Of the stock $878,850 is owned by the
Reading Co.. $875,000 of which is deposited under Us gen. mort. of 1897.
EAST TENNESSEE VIRGINIA & GEORGIA.— See Southern Ry. Co.
—
EAST TENNESSEE & WESTERN NORTH CAROLINA RR.— A narrowto Cranberry, N. C, 34 miles, including 3 miles leased.
Stock, $501,000.
Extension from Johnson City
ConElizabethton, 10 miles was completed as third rail in May 1905.
to
trolled by Cranberry Iron & Coal Co.
The 1st 5s of 1905 ($500,000 author-
gauge road from Johnson City, Tenn.,
were used to retire the $250,000 bonds which matured Xov. 1 1905,
repay $153,750 to Cranberry Iron & Coal Co. and acouire 4 or more miles
For
of road and 25 acres of land in Mitt-hell Co.. X. C.
V. 81. p. 1723.
calendar year 1905, gross, $174,498; net, $78,828; int. and taxes, $22,752;
(2 ',"„), $12,547; bal., sur., $43,529.
Pres., F. P. Howe, Philadelphia, Pa.
(V. 82, p. 333, 1379.
EASTERN KENTUCKY RY. Road from Riverton to Webbville, Ky.,
Chartered In 1866 and opened through in 1889. Stock is com36 miles.
mon, $1,697,800; preferred, $1,779,500; par. $100. Xo bonds. Bills and
Earnings for year 1904-05,
accounts payable June 30 1904, $38,034.
In 1903-04, gross, $03,012; net, $4,689.
gross, $52,522; net, $3,503.
EL PASO UNION PASSENGER DEPOT. Owns depot at El Paso, Tex.,
Leased by El Paso Northeastern,
was completed about Nov. 1 1905.
El Paso Southwestern, Galveston Harrlsburg & San Antonio (So. Pac. Sys.)
Atch. Top. & Santa Fe, Tex. & Pac. and Mex. Cent, railroads on a wheelage
Stock, $240,000, owned
basis providing for maintenance and all charges.
equally by the 6 roads named.
Of the bonds (see table above) $12,000 is
to be drawn yearly Jan. 1 by lot, beginning 1916, and paid oft" at par.
V. 78, p. 104; V. 81, p. 1043. Pres.. J. E. Hurley; Sec. and Treas., U. S.
(V. 81, p. 1043; V. 82, p. 149
Stewart.
div.
—
.
—
—
,
—
i
ELGIN JOLIET & EASTERN RY. — Owns
from Waukegan, 111., on Lake
Michigan, via Spauldiug and Joliet, to Porter, Ind., 130 miles, and branches
Normantown to Aurora, 10 miles Walker to Coster, 111. 33 miles; Hammond to Whiting, Ind., &c, 19 miles; total main line owned, 192 miles;
spurs to coal mines, &c, 26 miles; trackage. Chic. & West Ind., 4.8; Belt
Ry. of Chicago, 2, 7 miles; second track, 16 miles; side tracks and yards
owned, 118 miles; total track operated, 369 miles. Entire capital stock
owned bv Federal Steel Co. and so by United States Steel Corporation.
Stock, $0,000,000; par, $100.
STOCK,
Div., 4 % yearly (in Dec.)
First mortgage bonds unissued can be disposed
in 1899 to 1905 Inclusive.
of for extensions, betterments, &c.
REPORT. For calendar year 1904, gross, $2,208,559; net, $756,101.
Gross.
Oth. inc.
Interest.
Surplus.
Year.
Net.
$2.2:10.000
$800,606 $17,713 $425,000 $393,319
1904-05
2.217,349
687,000
425.000
275,670
1903-04
13,670
Pres., A. F. Banks.— (V. 74, p. 151, 205; V. 75, p. 1399.)
ELMIRA CORTLAND & NORTHERN RY.— (See Map Lehigh Valley.)
Owns Elmira, X. Y.. to Canastota, X. 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% bonds were
guaranteed by the Lehigh Val. and the road leased in Julv 1903 for 999 years
(V. 63, p. 402.)
to the Lehigh Val. Ry. of N. Y., a subsidiary company.
ELMIRA & LAKE ONTARIO RR.— Owns from Canandalgua. N. Y., to
Chemung Jet., 64 m.; SodUS Point to Stanley, 34 in.; other 2 total. 100 m.
A consolidation In Dec. 1886 of the SodUS Hay & Southern and other railroads.
Leased at cost of operating to the Nor. Cent., which owns all the
Lease may be terminated on 30 days' notice.
$1,500,000 stock.
Grass.
oth. inc. int., Ac.
Balance.
Net.
Calendar Year.
op.dcf.$20.091
$0,805 $08,010 def. $81, 237
1905
$975,282
52.29
..1.053,074
61,027 def. 8,736
1004
ELMIRA & WILLIAMSPORT RR.— Owns from WUllamsport. Pa., to
Leased to the Xorth. Cent. Ky. for OOO years
Elmira, N. Y., 75 }„. miles.
from May 1 1803. The divs. on the com. stock are 5 % and on the pref. 7 ",,,
less taxes, making div. on com. 4.48"; and on pref. 6.30%,
Year ending
Dec. 31 1905. gross, $1 ,322. 393; net, $127,886: rental. $154,011.
11. PASO & NORTHEASTERN RR.— Sec New Mexico Ry. & Coal.
—
—
&c—
—
—
—
1
1
1
&
5g
6 g
5g
and Sharon Ry.
,
$2,512,500 Mock ami $2,0 17,000 of bonds owned by Lake Superior Consol.
Iron
nd so by United States Steel Corporation. V. 72, p. 1038.
In 1903-04 paid dividend of 150% from accumulated surplus. V. 79,
p. 2085.
For year ending June 30 1905, gross, $6,333,817; net, $3,860,309;
other Income. $38,930; charges, $704,033; bal., sur., $3,195,200.
In
1903-04, gross, $3,701 .110; sur. over charges, §1,142,431.
(V. 82, p. 1101.)
5
1
P Morgan & Co, N YiApril9 1906
O
A
ized)
DULUTH & IRON RANGE RR.— Owns
STOCK,
6
5
'A
Whom.
3r
—
Stocks Last
Dividend.
each compa ny.
1,000
1,000
1,000
The Grand Trunk Western Ry. and the Toledo St. Louis & Western RR.
the entire stock and jointly guarantee the bonds, principal and interest,
See form of guaranty, V. 76, p. 653. The unissued bonds
are reserved for extensions and improvements. Pres., T. P. Shouts.
(V.
of
(b)
Where Payable, and by
f
Payable.}
&
&
4 g
M &
5 g
M &
4y g M &
2
5 g
|a &
4 g
J
&
4 g
J
&
M &
7 g
M &
7 e
7
J
&
&
6 g
J
5 g
J
&
Capital S tock,
6
A &
5 g
M &
5 g
J
&
200,000
12,000,000
300,000
246.500
170,500
300,000 4
2,800,000
7,500,000
1,500,000
400,000
629.500
1,100,000
3,396,000
8.000.000
~5~00
loga
by endorsement.
to
16,891,000
3.690,500
2,380,000
1,500,000
250,000
500 &c
1876
1877
1868
—&
DUBUQUE & SIOUX CITY
182,(100
.000
own
Dubuque. Iowa,
%
2,482.000
2.149,000
4,617,000
2,926,000
709,500
1,000
1,000
1,000
1,000
--- '68-'69
'66-'67
Jersey A: New York 1st M (reorganization) _c*
General mort $1,200,000 (red 105 after a yrs) gold
X Y L E &
C RR 1st
"lawful money". _Mp.c*
•X
1st M (V 56, p 82)._F.c*
•X Y Pa & Ohio prior lien
gold $ & £
F.c*
Do Leased lines see separate statements for CI ev
cX Y Susquehanna & Western Northern New Jers ey
C Erie Railroad Company New Bonds.
Second
on Buffalo & Southwestern gold. _ Mo. c*
Prior lien bonds $35,000,000 gold
F.c'&r
General lien $140,000,000 gold
..c'&r
6Xew
447
447
447
475
475
60
526
526
140
67
12
10
250
1st
Second mortgage (extended In 1879) gold
c*
Third mortgage (extended In 1883) gold,
c*
Fourth mortgage (extended In 1880) gold
c*
Fifth mortgage (extended In 1888) gold
c*
Erie By 1st M Buff Br Hornellsv to Attica gold..c*
When Due.
pal.
When
Rate
$100 $112378900
100 16,000.000isee text. A
100 47,892,400 4 In 1905 F
4%
%
A — Old Bonds Assumed— Roads Consolidated.
& Erie
M Plerm to Dun ext 1897 gold..c*
Bonds— PrincV-
Size, or
of
AftlCS
of
see notes
Erie Railroad
Common stock $133,000,000 auth
non-cumulative
Second preferred stock
non-cumulative
First preferred stock 4
N Y
[Vol. lxxxiii.
PITTSBURGH RR.—
Owns Xew Castle. Pa., to Clrard. Pa., 81
ERIE &
miles: brancb to Erie Docks, 3 m.; trackage to Erie, 17 m.; total operated,
101 miles.
Leased to Penn. it H. for 999 years in 1870 at 7
on stock and
Under agreement of
Interest on bonds, and lease transferred to Penn, Co.
lour, the Penn. wit. win provide sinking fond Instalments required
Nov.
debentures at par for
bj the gen. mort., the E. & P. to deliver Its 3
such advances and at maturity of the gen. mort, bonds to exchange new
see v. 71, p, 135.
Taj suit,
mort. bonds therefor.
%
1
H%
STOCK. -The stockholders on Jan. 1908 authorized an Increase In the
stoch from $2,000,000 to $ ,500,000, the new stock to be issued as required
foi Improvements, to be subordinate to the old stock, but to be guaranteed
V. so. p. 182.
7 ".1 dividends.
EARNINGS.—The lease showed to the lessees n [80S profit, $32,873;
profit, $118,210: In 1901 profit, $307,498; III 1902. prollt. $254.1 12;
In 1900,
in 1903, profit, $197,549 In 1904, profit $202,544; <n 1905 profit. $442,069.
(V. 80 O. 162. 172.)
i
—
BRIE railroad. — [See Map
—
on adjoining page.)
Embraces trunk
opposite
Y. City, to Chicago, in.. 998 m.. and
.317 m.; total, 2,810 tn.; second
m.; 3d ami 4tb tracks,
in 1906 electrification ol Rochester division
33 miles; total, 3,101 miles,
total 150 miles, wa
authorized,
V. 82, p, 1379.
and brancne
11 [STORY.
ON Dec. 1895 succeeded to the property of the old N. Y.
Lake)Erle]&!West. im. Co., sold in foreclosure on Nov. a under Its 2nd con-
from
branches
line
v
Ity,
I
1
1
.
1
July,
1906.]
RAILWAY STOCKS AND BONDS.
55
RAILWAY STOCKS AND BONDS.
56
RAILROADS.
Miles
For explanation
of
on
—
column headings, <kc,
first
of
see notes
Date
of
Erie Railroad
(Concluded)
$36,000,000 g s f text-.Me.cAr
Perm coll trust
First conv
$50,000,000 gold Series
S.c*&r_
do
do
Series B.
do
Erie & Jersey first mortgage $10,000,000 guaranteed
Y Pa & Ohio equip trusts sink fd 3s, drawn at 100
New Erie
equipment trust gold part yearly
do
do Ser D g $120,000 due Oct yearly. Usm
do
do Ser Eg $250, 000, due April yearly Usm
do
do Ser F g $135,000 due Feb yearly. Usm
M
M
N
A
__
'88 -'90
RR
do Ser Gg $160,000 s-a red par beg Dec 07
do Ser H gold $100,000 due seml-ann
do Ser I gold $350,000 due seml-an.Pe.c*
Avon Geneseo A Mt Morris and Rochester & Genesse e Vail
Evansville & Indianapolis T H & South 1st M..F.C*
40
Evansvllle & Indianapolis 1st M gold guar
F.c*
55
Cons M ($2,500,000) g gu p & (end) EATH.F.c*
135
—
i
1
Evans v & Terre H Pref stock non-cum (see text) .Col
Consolidated mortgage (first lien) gold
First consolidated mortgage gold
F.c*
Mount Vernon Branch mortgage gold
F.c*
Sullivan Co Coal Br mortgage gold
F.c*
First general mortgage for $7,000,000 gold
F.c*
Equipment bonds Series B, due $20,000 i-emi-ann.Ba
Equipment bonds Series C, due $60,000 seml-an.Ba
Fall Brook
Stock ($500,000 Is 7 % preferred)...
Fitch burg Preferred 5 % rental
Bonds, not mortgage
c*
Bonds to State of Mass, 4 % since Feb 1897
c*
Bonds
c*
Bonds, not mortgage
c&r
Bonds not mortgage
c*
Bonds, not mortgage ($1,359,000 due 1915)
c*
Bonds, not mortgage ($2,750,000 are 4s of 1897).
Bonds, not mortgage ($1,775,000 are 3Hs of '01)c&r
115
144
25
199
—
—
92
,
Amount
Outstanding
1.000
1,000
£100
1901
1902
1902
1904
1905
1905
ey Sto cks See
1879
1,000
1,000
1884
1,000
1886
50
1880
1,000
1,000
1881
1,000
1883
1,000
1890
1892
1,000
1,000
1905
1906
1,000
50
100
1888
1,000
1887
1887
1,000
1890
1,000
1894
—
1,000
solldated mort.
The new company holds In fee or through ownership of
all or practically all the stock of the Independent companies the line from
New York to Chicago (including the Nypano RR. and Chic. & Erie companies* and also all branch and subsidiary lines except a few small prop
ertles.
The reorganization plan of 1895 was In V. 61, p. 368.
In Jan. 1898 control of the N. Y. Susquehanna & Western was obtained.
In Jan. 1901 entire stock of Penn. Coal Co. was acquired, the purchase
Including valuable coal mines.
Erie & Wyoming Val. RR., Scranton, Pa.,
to Lackawaxen, 59 miles.
See "Bonds" below. V. 71, p. 1219, 1311;
V. 72, p. 44, 136, 241, 532, 627; V. 73, p. 398. In 1901 an interest In the
stock of the Lehigh Val. RR. was purchased. V. 73, p. 391.
Lines owned in fee.
Miles.
Leased lines.
Miles.
*15
Plermont, N. Y., to Dunkirk
447 Avon Gen. A Mt. Morris.
.
*10
Buffalo to Jamestown, N. Y
67| Montgomery & Erie
..
*26
Buffalo to Corning, N. Y
140 Northern RR. of N. J
..
*12
Other branches
139 Goshen & Deckertown.
..
.
*18
Stock all(a) or nearly all (b) owned.
Roch. & Genessee Valley
*250 Other lines
aChlcago A Erie
43
*45
•Jefferson
Leased to Nypano RR.
N. Y. & Greenwood Lake RR.. *52 Cleve. & Mahoning Valley RR. *81
*32
bNew Jersey & New York RR. *38 Sharon Railway
Erie & Wyoming Valley RR._.
59 Other lines
54
,
|
|
RR
RR
aNypano
RR
*422 Trackage
58 Lines in system June 30 '05
140 N. Y. Susquehanna A West
bTloga RR
Other lines
167
2,675
*238
•See this company.
cut-offs, V. 80, p. 2621; V. 81, p. 777.
Proposed
AND STEAMBOAT PROPERTY.—
COAL
The Erie coal properties represent an aggregate of 10,500 acres of anthracite, of which about 9,000 acres
are held in fee; also 53,000 acres of bituminous coal lands held in fee, 14,000
acres of bituminous held under mineral rights.
Its coal tonnage in the
year 1904-05 aggregated 15,717,194, out of the 31,561,623 tons hauled.
The Union Steamboat Line (merged in Erie RR. Co. June 30 1896), has
terminal, Ac, properties in Buffalo and 8 lake steamers. See V. 63, p. 514.
The Penn. coal properties acquired In 1901 are additional. See above.
In June 1906 the Clarence and Avoca coal companies, aggregate production
175,000 tons, were acquired. V. 82 p. 1322.
STOCK. The voting trust was dissolved May 1 1904. V. 78, p. 1549.
The prior lien and the general lien bonds of 1895 have 10 votes for each$l ,000
of principal, their authorized Issues aggregating $175,000,000, of which
$74,044,000 outstanding in July 1905. The company reserves the right to
redeem either class of its pref. stock at par in cash. Provisions of pref.
stock were in "Supplement" of April 1897, page 3.
In Men. 1898 Erie 1st pref. stock was increased from $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. 66, p. 335, 573.
The
1st pref. stock was further Increased In 1901 $5,000,000 in connection with
the purchase of the Pennsylvania Coal Co.
V. 72, p. 136, 532.
In 1905 common stock was Increased to $133,000,000 to provide for
$10,000,000 (first issue) of convertible debentures. V. 80. p. 1362.
DIVIDENDS, p. cl 1901. 1902. 1903. 1904.
1905.
1906.
On 1st preferred... f l'A
4
3
4
Feb.,
3H
On 2d preferred
..
..
..
..
See text.
Apr.. 2
J
On 2d pref. a 4 % annual dividend paid
Oct. 1905 and 2
April
V. 81, p. 507.
1906.
BONDS. The new first consolidated mortgage Is for $175,000,000
(Farmers' Loan A Trust Co., trustee)
see abstract of deed V. 62, p. 89,
and secures $35,000,000 prior lien and $140,000,000 general lien bonds.
Both series have voting power; see "Stock" above.
Of the $140,000,000 general Hen bonds, $92,073,000 are reserved for the
ultimate acquisition of bonds and guaranteed stocks left undisturbed on
various parts of the system (see list V. 62, p. 80), and $17,000,000 were
reserved for new construction, betterments, additions, &c, after 1897,
not over $1 .Ooo.ooo to be used In any one year.
The position of the first consolidated mortgage is substantially as follows:
It Is a first lien (mortgage or collateral, the prior lien bonds, however, preceding the general Hen bonds) upon the cos. chief coal properties (except
Penn. Coal CO.) upon Its water transportation lines (Including valuable ter
mlnal properties appurtenant thereto), and upon a number of prolltnblc
local lines In ,\cw .Jersey and Dear Buffalo: It Is a seeond Hen upon certain
minor coal properties and upon the railroads leading to all the coal proper
ties, upon the terminals at Jersey City, upon the Buffalo N. Y. A Brie RR.
(the main line to Buffalo), and the Buffalo terminal properties other than
lien, and upon the entire line from Salamanca
those upon which It
to Chicago; it i« a tecond comolidattd mortgage upon the lines between PlerDunkirk (447 miles).
mont and
The collateral trust 4s of lool are secured bv 51
of the entire N. Y.
Susq. A Western Stock ($20,000,000 total Issue), all of the Pennsylvania
Coal Co. stock, and the stock of the Erie a Wyoming Valley kk.. Scranton,
of the bonds
Pa., to Lackawaxen, 08 miles, and Del. Val. a Kingston it it.
$32,000.1111(1 were issued to acquire these stocks (except \. V. s. A W.,
already owned) remaining $4,000,000 (ol Which $l ,000.000 has been Issued)
beln'
d for Improvements to properties of which stocks acquired,
A
sink, fund of lOc. per ton of coal sola purchai es hone is at not exceeding 105,
Otherwise to he applied to the draw Ing of bonds by lot all such bonds to be
kept alive and the accruing int. thereon to he added to the sink, fund,
Which, It Is estimated, will he sufficient to let lie he whole Issue at Ol before
maturity.
V. 71, p. 1219. 1111; V. 72, p. 44, and circular, p. 130, 532, I'.'.T;
in 1001 05 $1,11:,. 000 Included above as outstanding was
V. 711, p. 212.
purchased by sinking fund
The conv. 4s of 1003 ($50,000,000 authorized ISSUe) will Ik- Issued from
time to time as required and may In- made convertible Into com Mock at a
price to be fixed when the bond' aie Issued, hut not less than $41 ii per
share; they win cover all the company's property subject to underlying liens.
(series \) Issued for Improvements and equipment Is
The first $10,000,1
convertible on basis Of $100 bonds (or $200 stock fiom Apt
1005 to Apr.
1915; series I) for $1 2 .OOP .000 (ser "Finances" below) Is convertible Into
$'10 per share at ariv time after Oct.
1907 and before Oct, 1
com. stock at
V. 76, p. 3H2, 541; V. 78. p. 768; V. 79. p. 2
1917.
—
2%
—
&c
&c
%
—
.
i
%
.
.
t
.
I
1
When
Rate
%
4g
$l,000Ac $33,000,000
1,000
1,000
1,000
1,000
1,000
1,000
'95-'96
'97-'98
'00-'01
Bonds
When Duet
pal,
Value.
'99-'01
do
do
do
—
1901
1903
1905
1905
— PrinciStocks — hast
INTEREST OR DIVIDENDS.
Size, or
Par
Road. Bonds.
page of tables.
[Vol. l xxxiii.
,
Where Payable, and by
Whom.
Payable.
F
A
&
10,000,000
4g A & O
See text.
4g A A O
See text.
4
570,487
Various
5g
1,800,000
4 to 5
Various
370,000
4H g A & O
760,000
& O
4H g
545,000
A A
4H g
1.120.000
&
4g
1,800,000
4
& D
7,000,000
A:
D
4g
those Comp anles.
251,000
7
& s
647,000
6g J & J
1,602,000
A J
6g
1,283,333 5 in 1905
a o
30,000
& J
6g
3,000,000
& J
6g
375,000
& o
6 g
450,000
a o
5g
3,145,000
a o
5 g
360,000
A W g
A A
1,140,000
A A
4H g
000,000 See text.
-F 5
17,360,000
5
000,000
5
& N
5,000,000
4
F & A
1,500,000
4
A & O
500,000
4
J
& D
500,000
4H M & N
4
Various
1,859,000
4
4,200,000
Various
2,275,000
3H A & O
M
M
Q—
11
Dividend.
Broadway, New York Feb
do
do
do
do
To
do
do
do
do
Glrard Trust Co, Phlla
for
1
1
1955
1908 and
London
New York
Penn Co
1951
1953
1953
1
April
April
1910
1910,
Oct 1906-1908
April 1907-1909
Feb 1907-1910
Dec "06 Dec '00
Dec "06-Jun '15
Ins &c, Phlla Dec "06-Dec '16
Bankers' Trust Co,
do
do
Checks mailed
N Y
do
do
N Y
Sept
July
1909
1924
1926
1
1
Jan 1
Apr 16 '06
2H %
1910
1921
April 1 1923
do
April 1 1930
April 1 1942
do
Aug '05 -Feb '15
Blair & Co N Y
do
do
Feb '07-Feb '10
May 5 1906
Office, Corning, N Y
Office, Boston & Me, Bos July 1 '06 1 Yi %
Office, Boston
May 1 1908
do
Feb 1 1937
April 1 1907
do
do
June 1 1920
do
May 1 1914
do
1915 and 1916
1927-1928
do
do
Oct 1 1920-1921
Bankers' Trust Co.
do
do
do
do
do
do
July
July
1
1
Erie & Jersey guaranteed bonds, see "Finances" below.
Real estate mortgages outstanding Sept. 30 1905, $761,850.
Old Bonds.
Under the 1st consol. M. of '95 the co. covenants to pay the
Int. regularly on all the old bonds In the table that are marked with an • or
a b (except N. J. & N. Y. bonds), and to take them up and pledge them
with the trustee at maturity.
Long Dock 6s, see March 1894 "Supplement," under N. Y. L. E. & W.
For N. Y. Lake Erie &. W. Coal & RR., see "Supplement" January 1895
FINANCES. In 1904-05, $1,365,000 general lien bonds were issued for
construction, &c.
V. 81, p. 1188.
As to purchase of one-third Interest In
majority Hocking Valley com. stock, see that company. V. 83, p. 37.
In 1905 dividends on 2d preferred were begun.
The Erie & Jersey RR.. with $600,000 authorized stock, will build a
low-grade cut-off from Highland Falls, via Campbell Hall to Guymard,
N. Y., about 40 miles. An Issue of $10,000,000 first mortgage 50-year 4
bonds Is contemplated to cover the cost. V. 80, p. 2621.
Stockholders of record Oct. 21 1905 were offered the right to subscribe
pro rata at par for $12,000,000 4 % bonds, convertible Into common stock
at $60 per share at any time after Oct. 1 1907 and before Oct. 1 1917, payment to be made in full on or before Nov. 27 1905. The proceeds are to be
used for improvements. V. 81, p. 1100, 1610.
In Dec. '05 $7,000,000 4 % equip, trusts, ser. I, were sold. V. 82, p. 691.
.•EARNINGS. 11 mos., 11905-06, Gross, $45,500,600; net, $12,984,053.
July 1 to May 31.
41,396,863; net, 10,891,930.
J 1904-05, Gross,
For 9 mos. ending Mar. 31 1906, net, $11,116,326, against $9,020,734 In
1904-5; other inc., $294,036; charges, $8,809,179: bal., sur., $2,601,083.
ANNUAL REPORT.— Fiscal year ends June 30. Report for 1904-05
given in full in V. 81, p. 1167, 1186; see also editorial on page 1143. Average freight train load, 412 tons, against 400 in 1903-04.
1904-05.
1903-04.
1902-03.
1901-02.
2,150
2,150
Miles operated ..
2,153
2,154
$45,201,163
Gross earnings ..$45,724,738
$45,830,413
$40,894,434
32,581,838
Working expenses 33,142,208
29,925,758
27,927,098
—
—
%
—
Net earnings.. $12, 582, 530
Net coal comp's. $2,190,439
488,048
Other income
$12,619,325
$1,993,011
412,807
Rentals
$12,967,335
$1,702,491
242,721
$15,026,043
$18,889,940
$8,593,688
$8,461,375
1,053,969
1,142,974
189,204
222,900
284,791
339,072
352,339
200,352
1,540,320
2,377,855
(4)1.915,696 (3HH.676.234
Total net inc.. $15, 261, 017
$8,891,077
1,153,623
176,893
P.c. due l's'd lines
264,249
Int. on equip, tr's
368,580
Miscellaneous...
Add'ns A improv. 1 ,360,555
Divs. on 1st pf.. (4) 1,915, 696
Divs. on 2d pref. (4)640,000
Interest
$15,904,655
$2,670,290
314,995
$14,912,543
$8,396,891
1,112,163
215,696
298,590
255,023
249,501
(3)1,436,772
$1,096,036
$2,947,906
$490,344
$4,379,178
F. D. Underwood; 1st Vlce-Pres. and Gen. Solicitor
G. F. Brownell; 2d Vice-Pres., G. A. Richardson: 3d Vlce-Pres., H. B.
Chamberlain; 4th Vlce-Pres., J. M. Graham; Sec, David Bosman; Treas.
Office, 11 Bway., N. V.
I). W. Blgoney: Comptroller, M. 1'. Blauvelt.
DIRECTORS. Chas. Steele, J. J. Goodwin, John G. McCullough, D. O.
Mills, Alexander E. Orr, F. D. Underwood, Samuel Spencer, Francis Lynde
Stetson, Geo. F. Baker, J. J. Hill. Norman B. Ream, H. McK. Twombly,
(V. 81, p. 1167,
E. H. Harrlman. William C. Lane, Louis L. Stanton.
Balance, sur..
OFFICERS. — Pres.,
—
—
1186, 1492, 1610, 1665, 1848;
V. 82, p. 392, 691, 986, 1268, 1322, 1379.
EVANSVILLE & INDIANAPOLIS RR.— Owns
Evansvllle to Terre
Haute, Ind. (via Worthlngton) 134 m.; leases branch, 12 m. A consolidaOf the consols $898,000 held to meet prior liens. The contion In 1885.
sols, and the bonds of 1024 are guaranteed by Evans. A Terre Haute, which
owns capital stock, $2,000,000. Company owns no equipment.
,
In 1904-05, gross, $370,038; net. $111,519; Interest, taxes, Ac., $177,068;
bal. deficit for year, $65.540.— (V. 75, p. 980.)
EVANSVILLE & TERRE
The system Includes:
Road owned and operated.
Evansvllle to Terre Haute
Blanches to Mt. Vernon, Ac
Evansvllle Belt (stock held)
HAUTE RR.— (See Maps
Rock Island Co.)
—
Miles.
Controlled and operated.
Miles.
109 Evansvllle A Indianapolis, Evansvllle to Terre Haute via
50
5
Worthlngton, Ac.
148
310
Total Incarnlngs
23
Leased to other companies Rockvllle extension
in July 1003 Chicago a Eastern Illinois acquired $2,078,100 of the
V. 81, p. 1242.
$3,987,383 common stock; par, $50.
DIVID'S.
''02. '93. '04. '95. '90. '97. '98. "99. '00. '01.
3
2
5
5
Cotn'n stock 7a 7 '-.•''
..
..
1
1
2
Pref'd StOCkJ
Also scrip dividend.
/)
a Also 5 "„ In bonds.
On preferred .">",. declared In 1905 -paid
4^
2H%
April
10
'02 to '03.
IX None since.
5 yearly.
Oct. 1905 and
2X %
1000.
BONDS. GUARANTIES, &C Certain Kvansvlllr A Indianapolis bonds
arc guaranteed,
General mort. 5s for $3. 855, 000 are
See thai company.
held In trust to retire the prior bonds and car trusts at maturity.
Equipment notes June 80 1005, $070,013. Series 0, sec v. 82. p. 627.
REPORT. Report for 1004-05 was given in v. 81, p. 1240.
Rei uits oi Evans, a Ind. are included below in 1904-06 and 1903-04.
emit 11,1 June 30—
1903.
1005,
1904.
) ear
ANNUAL
Gross earnings
Net
earnings
Other Income
$2,050,147
1,011,550
28.244
$2,0X0,336
851,274
30.228
$1,722,814
826,966
36,326
$1,030,800
$887,502
$803,281
1
Total net Income..
S
July,
J
.
RAILWAY STOCKS AND BONDS.
1906.]
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
Fitch burg
&c,
column headinos,
of
on
first
page of
Date
of
of
see notes
— (Concluded)
—
—
First
—
consol refunding M $700,000 gold
General refunding
M
1
26
26
N.c*
$1,500,000 (V. 71, p. 34). .N.c*
Johnstown G &, Kingsboro first mortgage assumed..
Cayadutta Elec 1st M guar p & by F J & G_ .gold. N
First cons gen ref M $7,000,000 gold red 120. N.c* &r
Fort Smith & Western
1st M $7,500,000 gold. . Me c*
4
14
i
Par
Amount
Outstanding
$1,000
"
1904
1881
1897
1900
1893
1892
1902
1904
V,666
1.000
1,000
1,000
1,000
1st
1st
first
Galveston Houston
& Northern
first
mortgage gold
56
1900
91 1882
M gold $ or £ guar by So P..F.C*
do
do
not guaranteed
do
91 1882
Galveston Houston & Hend of 1882 — 1st M
Me.c*
50 1883
Genesee & Wyoming RR — 1st M gold $500,000
K
16 1899
Georgia & Alabama — Georgia Carolina & Northern — ee Sea board
Georgia Coast & Piedmont — 1st M gold $1 ,000.000 Mo
85 1906
Georgia Florida & Ala — 1st M $1,100,000 gold.Ma.c* Text.
1904
Georgia Midland Ry — 1st M gold $1,650,000 Int guar
98 1896
N YTex & Mex
—
Georgia Pacific See Southern Ry.
Georgia Railroad & Banking Co Stock
Bonds refunding, not mortgage, currency
Bonds, not mortgage, currency
Bonds, not mortgage, cur $200,000 are 5s of
—
&r
&r
&
64,167
79 ,286
1903.
$337,950
88,982
34,090
64,167
64,167
Indianapolis deficit..
Balance, surplus
OFFICEPS.— Pres.,
$291,258
A. J. Davidson; Treas., C.
$338,092
$214,415
Hillard.— (V. SI, p.
W.
1240, 1242; V. 82, p. 627.)
EVANSVILLE TERRE HAUTE & CH ICAGO.— See Chic. & East. 111.
FALL BROOK R Al LW A Y.— (Sec Map N. Y. Central & II R. RR.) —
.
Owns from Corning, N.Y.,
to Antrim, Pa., 52 miles; branch to Ulysses, Pa.,
40 miles; total. 92 miles.
—
LEASE. The railroad and its rolling
H. R. RR. for 999 years from May 1
stock was leased to N. Y. Central
1899 for $175,000 yearly, payable
quarterly in gold, beginning Aug. 1 1899; also taxes and repairs, the leases
of the Syracuse Geneva & Corning 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 does 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 annum on preferred
and 6 % on common; since the lease 7 % on preferred and 2H % on com-
&
mon.
— (V. 68,
p. 379, 573, 773, 872.)
FARMVILLE & POWHATAN RR.— V. 80, p. 2457; V. 81. p. 211.
FITCHBURG RR. — System extends from Boston, Mass., to Troy,
N. Y.,
%
%
,
%
—
%
FLINT & PERE MARQUETTE RR.— Merged In Pere Marquette RR.
FLORIDA CENTRAL & PENINSULAR RR.— See Seaboard Air Line Ry.
FLORIDA EAST COAST RY.— Operates from Jacksonville. Fla.. ia
St. Augustine, to Miami, 366 miles; branches to Palatka, San Mateo, &c,
17 m.: Atlantic & Western. Blue Springs to New Smyrna, Fla., 28 m.: Tltus\
branch, 48 m.; Jacksonville to Mayport, 25 m.; total, 484 m. V. 69, p.
In Dec. 1904 extension was completed from Miami south 28 m.; to
be extended 50 m. additional to Cape Sable.
System owned by Hem- \i.
Flagler. In June 1905 extension was begun from Cutler to Homestead to
Key West, about 136 m.. whence It is proposed to operate ferrvboats to
Havana, 85 m., in place of Peninsular & Occidental SS. Co. V. 81, p. 211.
June 30 190.'!, stock, $1,000,000; $7,259,000 1st mort. bonds issued. In
Oct. 1902 filed a second mort. to Colonial Trust Co. of New York-, as trustee,
to secure $8,741,000 30-year 5 % bonds, dated Jan. 1 1903, of which about
$6,000,000 was reported to be Issued.
V. 75, 906.
For year 1904-05, gross
earnings, $2,328,864; net, $720,341, against $820,745 in 1903-04; other income, $2,333; charges, $743.605. (V. 75, p. 906; V. 81. p. 211.)
vllle
591.
—
FLORIDA SOUTHERN RR.— Merged In Atlantic Coast Line RR.
FLORIDA WEST SHORE RY.— Turkey Creek, Fla., on Seaboard
Air
Line, to Sarasota on the Gulf of Mexico, 56 miles, Including 4 m. of trackage, with branches. 8 in.; total. 64 m. In Dec. 1905 extension from Frultville. Fla.. south 50 m. to Boca Grande was reported to be let.
Stock authorized. $1,000,000, of which $500,000 outstanding; par of shares, $100.
Under contract of 1903 the Seaboard Air Line is a preferred connection
ana guarantees the outstanding bonds; V. 80, p. 1478. V 77 p. 695. For
year ending June 30 1905, gross, $123,783, net, $37,942; total deductions,
$43,60:'. bal.. def.. $5,720.
(V. 80, p. 1478.)
—
FONDA
& GLOVERSVILLE RR.— Owns Fonda to North(steami, 20.2 miles; Gloversville to Schenectady (electric), 32.3 in.;
Gloversville to Fonda (electric) 9.34 m.: Amsterdam to Hagaman (electric)
elt
e ln Oloversvllle (electric), 3.9 m.: second track (electric),
2; - -',
21.2 miles. Operates under lease branch line Broadalbin Jet. to Broadalbin,
6 2 m. (steam): also local line Gloversville to Johnstown (electric) 4.23 m.;
sidings and turn-outs. 11.7 m.: total. 97.47 miles of road (118.67 mile- of
track) of which 96.87 miles on private right of way and 21 .8 miles on street
and highways. A consolidation on Jan. 1 1903 with the Amsterdam Street
and Cayadutta F.lectrle railroad companies. V. 73. p. 31, 493, 1355; V.
74. p. 987; V 75. p. i:to9.
Stock. $2,500,000; par, $100.
Owns entire $105,000 stock of Coal Co. of Fulton Co. and stock of Edison
Electric Light & Power Co.
(V. 71, p. l 107
Also a two
V. 78. p. 29.
thirds Interest In stock and bonds of Adirondack Lakes Traction Co.. 4 miles,
and the resort Sacandaga Park."
In 1896 parties Interested In X Y. Central entered directory.
BOXDS. Of the consol. 4 Hs of 1902 ($7,000,000 authorized), {4,887.000
were issued to retire Amsterdam Street RR. b
id for construction;
of the balance, $1 ,850,000 Is reserved to retire prior liens.
V. 70. p
JOHNSTOWN
ville
m
,
,
.
.
)
.
—
Guarantees $30,000 Qlov. & Broadalbin
& Klngsb Horse RR, r,s and $50,000 8 %
LATESTEARNS. — !l
5s
and $50,000 Johnst. Gloversv.
sti
1
to
—
Ma\
31.
J
M
5 g
6
&
A &
&
J
J
&
&
J
A &
M &
A &
.r
4H
4
S
g
6
4H
4
g
g
in 1906
6g
5
6g
5 g
6g
5g
5g
4g
150,000
661,000
4,756,000
13,418,000
800,000
1,465,000
53,000
2,000,000
500,000
4
5
4,200,000
1,000,000
1,000,000
500,000
&
mos.,1
-
'
,
N
J Standard Trust Co,
N Y
Savannah, Ga
So Pac Co, N Y: & Boston
So P Co, 120 B'way, N Y
do
do
So Pac Co, N Y; & Lond
do
do
1911
May
do
1925
1924
1
1
1923
Jan
1
April
1
A
Q—
&
&
&
J
J
6
J
2U%
'
4%
1929
Nov
& s Mackay & Co, N Y
Mar
& J Manhattan Tr Co, N Y July
& o J P Morgan & Co, N Y April
05
1
1934
1921
July
1947
July
1950
July
1913
Oct
1922
Nov
1952
April 1 1954
Mar 1 06
Mar 20 1906
Dec 1 1921
Dec '06 -June '14
& A
Feb
M & N
May
& J
Jan
J
A & O
April
A & O
April
A & o Mercantile Trust Co, N Y April
A & o Knickerbocker TrCo.NY April
J
&
do
1
Dec
Metropolitan Tr Co,
F
M
5
July
J New York
O Imp &Trad Nat Bk, N
New York Trust Co, N
M & N
g
In
5
6
May
Boston
do
do
do
O Farmers L & Tr Co, N
N N Y Trust Co, N Y
O Mercantile Trust Co, N
M & S Farmers L & Tr Co, N
See text. Morton Trust Co, N Y
J
& D Mercantile Trust Co, N
J
& D
J
5g
11
Dividend.
Office,
& J
& D
& N
1
1
1
1
1
1
1
1
1
1
1
1935
1910
1931
1930
1912
1912
1913
1929
1956
1954
1946
Ga
Julyl6'06 2H
J Amer Exchange Nat] Jan 1 1922
J j-Bank, New York, or) Jan 1 1910
Augusta
J J
1 1922
J Jan
Augusta,
%
1
FORT SMITH & WESTERN RR. — Operates
Fort Smith, Ark., to GuthO. T., 216 miles, of which Coal Creek, I. T., to Guthrie, 196 m., is owned
and Ft. Smith to Coal Creek, 20 m., is Kansas City Southern trackage, to
be replaced by company's own road. The road will develop coal properties
at McCurtain, I. T.. 40 m. west of Ft. Smith.
Henry C. Frlck of Pittsburgh, Pa., is understood to be largely interested.
Stock, $5,000,000, all
outstanding; par of shares, $100.
Of the gold 4s of 1904 ($7,500,000 authorized) $5,833,000 were issued in exchange for $5,000,000 old 5s, $400,000
are reserved to replace the 20 miles of trackage mentioned above, $400,000
for equipment, and the balance for other purposes. In July 1903, filed an
agreement for the purchase of equipment costing $438,000. V. 77, p. 88.
For year ending June 30 1905, gross, $425,623; net, $129,167; other income,
$1,502: total deductions. $247,119; bal., def., $116,450. Pres. and Treas.,
A. C. Dustin. Cleveland. O.
(V. 78, p. 1497; V. 79, p. 269.)
FORT
& JACKSON RR.— OwnsJackson, Mich., to Fort Wayne,
Ind., 98 miles.
On Aug. 24 1882 leased perpetually to Lake Shore & Michgan Southern at a rental of $126,027, equal to 5 H % on the pref. stock,
s»e V. 56, p. 812) and after 1887 any net earnings over 8 % on pref. stock.
to be paid as dividends on common, but not exceeding 2 % a year. Common
stock, $436,132.
rie,
,
—
WAYNE
.
FORT WORTH & DENVER CITY RY.— (See Map Col. So.)— Ft. Worth.
Tex., to Texline, 453 miles. Owns securities of Ft. W. & Den. Term. Ry.
STOCK, &c. Colorado & Southern Ry. owns all but $64,408 of the
$6,835,008 common issued, and In 1905 Included road in its financial plan.
Preferred stock "stamped," see V. 63, p. 1063.
DIVIDENDS. On preferred, 2% '98; '99, 2%; 1902, 2% April 1903,
1904 and 1906, 4 % each from surplus earnings of previous years.
BONDS. Finances readjusted in 1896. Plan V. 63. p. 75. Abstiactof
mort. V. 45, p. 440.
Equip, trust notes June 30 1905. $199,339, maturing
$0,017 monthly to Aug. 1908.
Equipt. trust certfs. of 1906, V. X2, p. 1101.
EARNIXGS. *"or 8 months ending Feb. 28 1906, gross, $2,264,038;
net, $810,957; other income, $3,230, taxes $34,234; interest, &c. $336,318;
bal., stir., $446,635.
REPORT. Report for 1904-05 was ln V. 81 ,p. 1372.
Yearend. June3Q
1905.
1904.
1903.
1902.
Gross earnings
$2,526,496 $2.496.,617 $2,494,587 $2,262,123
Net overtaxes
502,600
464,986
677,331
561,373
Other income
17,534
14,359
11,248
From total net income as above ln 1905 ($516,959), deduct Interest on
bonds. $490,560; other Int., rentals, &c, $20,046; bal., sur., $6,354.
Pres., Frank Trumbull, Denver, Col.
(V. 82. p. 627, 1101, 1156.)
—
—
—
ANNUAL
—
—
—
GAINESVILLE & GULF RY.— Sampson
City to Fairfield, Fla. .48 milesparties identified with the Georgia
So. & Flor. acquired control, an extension fromFairfield to Tampa, Fla., 105
miles, being reported as proposed.
V. 81, p. 613. Stock authorized, $1,ooo.ooo; par, $100; issued, July 1903, $300,000.
Land grant. 480, OOOacres. In Aug. 1905
Loans and bills payable June 30 1903, $56,590. Year ending June 30
1905, gross, $77,061; net, $20,916; other income. $247; charges, $14,597;
bal.. sur., $6,566.
Pres., S. F. Parrott, Macon, Ga.; Treas.. H. E. Taylor.
(V. 73. p. 783- V. 81, p. 613.)
Gainesville, Fla.
—
GAINESVILLE MIDLAND RY. — Owns
Gainesville, Ga., to Jefferson,
ielmonl <o Monroe, 5."> miles: to be standard-gauged. Extension from
re ferson to Athens. Ga., 19 miles, is to be completed s ptember
1906.
Successor to a portion of the Gainesville Jefferson & Southern Ry., foreclosed July 5 1904.
V. 79, p. 151, 269, 500, 627.
Stockholders on Oct. 30
1905 authorized an Increase in stock from $250,000 to $550,000.
Of the 1st
5s of 1905 ($1,000,000 authorized). $14,000 Is reserved to retire old 6s and
$325,000 for extensions. V. 81, p. 1848. The Savannah Trust Co. Is mortgage trustee. V. 81, p. 1375, 1550. Year ending June 30 1905, gross,
$88,260; net, $13,339; total deductions, $13,287- bal., sur.. $52.
Pres.
Geo. J. Baldwin; Sec, F. J. Crohan.— (V. 81, p. 1848.)
GALVESTON HARRISBURG & SAN ANTONIO RY.— (Set Map
South.
— Owns Galveston via Houston, Tex., to east Lavaca Rio Grande
bank of
River, 833 miles; Beevllle to Rosenberg,
Cuero, 55
Pacific.)
147 miles:Port
to
miles; branches. 195 miles; total, 1.230 miles.
An extension from Stockdale to Cuero, 50 miles, will be completed during 1906.
Operated by
Southern Pacific Co.. which owns $27,054,400 of the $27,084,360 stock
(par, $100)
consolidation In Aug. 1905 with the New York Texas & Mexican, Gull Western Texas & Pacific, San Antonio & Gulf. Galveston Houston
Northern and Gonzales Branch Hit. V 79, p. 2642; V. 80, p. 1424- V. 81,
&
p. 211 668, 1242. Stock Is to be increased and new mortgage made.
.
A
,
BONDS. — First
mort. has a sinking fund of 1 %. but It Is optional with
holders to surrender their bonds If drawn. Western Dlv. 2ds ($0.354. 000) by
agreement are treated as Income bonds. V. 58. p. 719.
Equipment bonds.
$1 ,.".58,000 6s. owned bv So. Pac.
V. 76. p 1300: V. 77, p. 2160.' South'n
Pacific Co. also owns $812,000 Matagorda Dlv. 1st M. 6s of the old X. Y.
Tex. & Mex. Ry.
On June 30 1905 there was due the Texas & Xew Orleans RR. $2,737,439.
School fund claims, V.64. p. 1137: Y.oo. p. 17
V, 70, p.
Year 1904-05. gross, $8,966,030: net. Incl. other Income, $1,893,053;
charges, $2,222 990: bai.. def., $329,837.— (V. 81, p. 668, 1242.)
OALVESTON HOUSTON & HENDERSON RR. OF 1882. Owns from
Galveston. Tex., to Houston, Tex., 50 miles.
ORGANIZATION.— The M. K. T. and International & Great North.
have had trackage rights since Dec. 1895 under a contract providing for payment to mtge. trustee of $100.
yearly to meet Interest on G. H. & H.
bonds and an additional rental of $24 .000 per annum for dividends or other
T. owns 4,999 shares
purposes Bee V. 61. p. 1064; V. 63. p. 697,
M B
of G. H. & H
ee V. 01 p. 1013.
stock. $1,000,1
In May, 1904. 4";.: May
par, $100,
Dividends paid
For year ending Dec 31 1905, gross, Including $124,000 for
trackage, as above, $417,703; net, $1
other Income. $3,011: Int.,
Improvements. $101,386;
IK-..
\
$4
1
:
—
A.-
<S:
.
1905-06
Gro«a (802,173; net. 8322,806
1904 05
647
303,621
GrOS
REPORT. For year ending June 30 1903, gross. $650,793; net. $299,164;
other Income. $54,790: Charges, $3 13,922: bal.. sur $40,032.
July
J
When Due.
—
190 miles; branches to Worcester, Bellows Falls, &c, 268 m.; 458 m. In all,
of which 56 m. (Fitchburg to Greenfield) leased from Vermont & Mass. and
8 m. from other companies; second track 183 miles.
LEASE. Leased for 99 years from July 1 1900 to Boston & Maine for 5
on pref. and 1
on com. stock, payable quarterly (Jan. 1, &c.) organization expenses, Interest on bonds, taxes, expenses of maintenance, &c. The
Boston 6c, Maine holds $5,454,550 of the $7,000,000 com. stock, purchased
with proceeds of its 3
bonds at 90, the remainder being in the treasury.
V. 70, p. 76, 125, 176, 583, 1291; V. 71, p. 29, 543; V. 72, p. 532.
BONDS. Debentures described In V. 60, p. 967. There were issued in
1905 $3,660,000 4
bonds to provide for various bonds maturing up to June
1 1905, Inclusive, and for additions and improvements. V. 75, p. 611; V. 73,
p. 1112. 1312; V. 79, p. 1266: V. 80, p. 472, 599, 871.
—
Whom.
3H
4,687 ,000
6,000 ,000
2,291 ,416
2,539 ,992
8,176 ,000
624 ,000
1,000
1,000
1,000
Where Payable, and by
M & N
4
7
5
Air Line Ry.
406,000
1,000
See text.
1,000
1,000
1,650,000
--- '82-'87
1904.
%
712 ,000
200 ,000
500 ,000
800 ,000
50 ,000
350 000
100
$509,281
99,639
Dividends on pref. (0.5 %)
Depleted equipment
1,000
1,000
1897
1880
c*
c*
'87. c*
1905.
Taxes and miscellaneous
or $
or $
307
$514,160
90,929
Interest on debt.
Evansville
£
£
1st
When
Payable.
Rate
$3,660,000
573,000
100,000
772,000
1,000
100 &c
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1,000
75
—
98
—
First mortgage gold $18,000 per mile
Me.c*
455 1881
Equip trust certs guar due $39,000 s-a redeem 101.
1906
Fort Worth & Rio (irandc — See St Louis & San Franci SCO.
Gainesville & Gulf— First mortgage $150,000 gold. S.c*
48 1899
Oainesville Midland —
M $1,000,000 gold red at 110
55 1905
Galveston Harrisb & San Antonio—
M g land gr.c*
256 '71-'80
Western Division
mortgage gold
671 1881
c*
Fort Wayne & Jackson— Preferred stock hY % rental
2
Ft Worth & Denver City
Pref stock "stamp ctfs." 4 %
pal,
Value.
1905
1874
1891
1903
—PrinciSlocks — Last
Bonds
Size, or
Road. Bonds.
tables.
c&r
Bonds, not mortgage $3,660,000 currency
35
Troy & Boston first mortgage (V. 53, p. 405). ..c&r
Brookline & Pepperell plain bonds guar (endorsed)
Vermont & Massachusetts plain bonds guaranteed..
Flint & Pere Marquette
See Pere Marquette Statemen t.
Florida Central & Peninsular
See Seaboard Air Line Ry.
60
Florida West Shore
1st M $2,000,000 gold guar p &
26
Fonda Johnstown & Gloversville Cons M $500,000_c
—
57
:
1
bal., def., $42,100.
— (V.
I
.
03. p.
1111.)
58
RAILWAY STOCKS AND BONDS
•
>
<
CL
QC
LJ
U
Q
UJ
h
DC
O
H
UJ
[Vol. lxxxiii.
)iM
o
t—
tL
O
<
w Q-
>
S
D
a <
H or
Q
z
<c
c*
a
July.
1906.
HALLWAY STOCKS AND BONDS.
59
RAILWAY STOCKS AND BONDS.
<iO
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
of
on
column headings, &c.
Qeorgia Southern & Florida
of
of
— Common stock
Second preferred SI, 084 .000 5%
MeBa.c*
First mortgage gold $4,000.000
First consol mortgage S10.000.000 gold
N.c*&r
Equipment trusts Sl.s.000 due semi-annually
Gettysburg & liarrisburg South Mt first mortgage .
Gettysburg & Harrisburg lirst mortgage old issue.
Consolidated mortgage $565,000 gold (see text) .
Gila Valley Globe & Northern
1st M gold (text)-.Mp
Goshen & Deckertown 1st & 2d M ($60,000 are 2ds)
Gouverneur & Os wegatchie— 1st M gold gu p & I. Un.c
Grand Rapids Belding & Saginaw 1st M (text) gold
Grand Rapids & Indiana Ry Stock $6,000,000
First M mostly land grant gold extended in 1899. c*
First M extended gold guaranteed by Penn RR
c*
Second mortgage $5,000,000 gold
c*
Or Trunk Pac Com(to be owned by Gr Tr) $25,000 .000
Debenture stock $25,000,000
First M £ guar Can Gov't (text)
c&r
Prairie Section M (Ser A) £2, 100,000lguar p &
Mountain Sec M (Ser B) £2 ,050,000 } by Grand
Lake Sup Division 1st M $1,540.000.
Trunk.
Grand Trunk Ry Consolidated stock £23,318,309..
4 % guaranteed stock non-cumulative £10,000,000.
335
335
387
—
—
5% stock £3,420.000.
preference 4% stock £7,168,055
'73-'74
'73-'74
First preference
Second preference stock £2,530,000
Third
1
Debenture stock £4,270.575
Consolidated debenture stock (collat trust)
\
cum
1905
1905
1905
1905
1882
1884
500
220
J
f
3.512
U874
^
I
500 &c
1,000
1,000
100
1,000
1,000
1,000
100
1891
1891
189G
1,700
1,200
,000
1
1,000
1,000
1,000
1,000
1,000
35
125
12 88-'89
13 1892
28 1899
—
1
100
1,000
1882
1891
1894
—
—
Amount
Outstanding
1895
1902
1902
—
—
Par
$100
285
392
1874
Second equipment M (subject to 1st M in trust) ..cj
U869
Great Western perpetual debenture stock
__c 836 M Var.
Northern Ry third preference A & B bonds
c"
490% 1868
1884
Debenture stock 4 % perpetual £425,850
Midland of Canada 1st M sectional £525,000
455 1878
c
1882
Consolidated first mortgage £3,164,700
c
New England Elev 1st M g, gu due $10,000 yrly..
1901
1906
Montreal Warehousing 1st M $1,000,000 gold guar.
£100 &c
£100 &c
£100 &c
£100 &c
£100
£100
£100
£100
£100
£100
£100
£100
£100
£100
£100
1.000
$
& £
—
to Grelgvllle, 4 m.; branch,
Jet., 11 miles; Retsof Jet.
Stock. $500,000; par of shares, $100.
incl.. 5";, yearly;
—
Donald Mackay.
Pres.,
— (V. 82, p. 804.)
—
—
ALABAMA
GEORGIA FLORIDA &
RY. Owns Cuthbert, Ga., to Tallahassee, Fla., 107 m.; In April 1905 extension was proposed from Cuthbert
northerly to Columbus, 64 miles.
In June 1906 branch from Havana,
Fla., to Qulncy, 11 Yi miles, was opened. In April 1904 the Carrabelle Tallahassee & Ga. RR., Tallahassee, Fla., to Carrabelle, on the Gulf of Mexico,
50 m., was acquired.
V. 80, p. 2457: V. 78, p. 1549: V. 79, p. 151; V. 75,
Stock, $350,000; par, $100.
p. 29; V. 82, p. 99.
In 1904 a mort. for $1 ,100,000 was filed for extensions, purchase of Car. Tal. & Ga. and immediate
refunding of outstanding $550,000 bonds. V. 79, p. 2085.
For year ending June 30 1905 (107 miles), gross, $250,539; net, $92,802;
total deductions, $54,578; dividends (4 %) $14,000; balance, surplus, $24,224.
Pres., J. P. Williams; Sec. and Treas., J. O. Hatch.
Office, Savannah, Ga.
(V. 80, p. 2457.)
GEORGIA & FLORIDA RY. Projected from Augusta, Ga., to Madison,
Fla.. 265 milt's, of which 169 miles completed, 9 miles of connecting lines
to be built; branches to be 61 miles; total to be 326 miles.
A further extension to deep water on Gulf of Mexico was under consideration.
A proEosed consolidation In 1906 of the Douglas Augusta & Gulf, Millen &
southwestern and other roads, acquired by a syndicate organized by Middendorf. Williams & Co. and International Trust Co. of Maryland and
John L. Williams & Sons of Richmond. V. 82, p. 1211. Stock authorized,
$1,000,000; par Of share:-. $100.
Pres., John Skelton Williams; Gen. Mgr.,
Cecil Gabbett— (V. 82, p. 1211; V. 83, p. 95.)
,
—
—
fi
—
GEORGIA MIDLAND RY. 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 mortgage
bonds, &c.) and $2,500 for Columbus terminal property. Stock Is $1,000,000, owned by Southern Railway Co.— (V. 63, p. 361; V. 82, p. 751.)
GEORGIA RAILROAD. — Under this name are operated the lines leased
& Banking Co., which see. — (V. 67, p. 1260.)
OEORGI A RR & BANKING CO. — Owns from Augusta, Ga., to Atlanta,
from the Georgia RR.
Ga., 171 m.; branches to Washington and Athens, 58 m.; Macon & Augusta
Rli. (proprietary road) Camak, Ga., to Macon, Ga., 74 m.; trackage, 4 m.;
total. 307 miles.
ORGANIZATION. Owned also one-half the stock of the Western Ry.
of Ala. (the Cent, of Georgia Ry. owning the other half), but In 1905 sold
same (V. 82, p. 333); also owns a 47% Interest In the Atl. & West Point
(which see).
Guarantees (jointly with Cent. RR. & B. Co. of Ga.) the
$1,543,000 lirst mort.
2 per cents of Western Ry. of Alabama.
In April l.H.Hl the railroad (307 miles) and Its Interest In the other railroad
companies were leased for 99 years to W. M. Wadley and associates, for the
Cent, of Ga. and the LOU. ft Nash., at $0OO,ooo per year, but In April 1890
the Lou. ft Nash, was held to have acquired all lights under the lease; the
Atlantic Coast Co. In July 1899 acquired a half interest.
V. 68, p. 722;
.
—
W
V.
p. 385, 591; V. 70, p.
<;'.).
L25.
Dec. 31 1H02 the banking department was turned over to "Georgia
Railroad Bank," a majority ($198,200) of whose stock Is owned.
'82
DIVIDENDS.— \ '81
'83 to '87
'88
'89 to July 1906
Since 1880, % j
11 yearly
9M
10K 10 yearly 10Ji
EARNINGS -301
(imss, $2,643,353' Det, -fT") ,:>99
1906-06
to May .",1 -11 mos.
J-ily
Cross.
1004-05
2,289,524; net,
679,008
Railroad earnings for pear ending June 30 1905, gross, $2,481,207; net,
$739 :.>i;:>; dlv. received, (54,619; rental to Ga. RH. & B. Co., $600,000;
Other
$111,011; balance, surplus, $83,482.
(V. 82, p. 333.)
1
—
,
j
—
1
w
1
mi. v. &.
Ry,, Valdosta, Ga., to Jacksonville, Fla., 107 miles;
ill,-, :;
trackage Into
n .; total, 395 miles.
Also owns one clghlh
of stock or Jacksonville Terminal Co.
v. 77, p. 626.
ed
.
,
An
HISTORY.
foreclosure April 2
1
Georgia S.
895.
(Pei
&
F. Railroad, sold In
80, p. 928; see al oV. 59, p. 551.)
plan in V.
Macon ft Birmingham Ry.,
to Macon, Ga., 105 m., is owned by
same Interests, but operated Independently. V. ~*. p. 702. in Oct. 1903
in
anlntere
,v Florida Southern Ry., Worth
ji
I
1
1
to Hawklnsvllle, Ga., 11 m., wa purcha ed, (310,000
bonds hrii
ateed, prln. and Interest,
v. 70, p.
DIVIDEND!
2d
On
I
I
prel
,'96,
1%;
d
racl
i
,
mortgage
5%
2
Mas
ball bi b
1st pref. ttocl
b< bond and coupon
The 1st consol,
ot 1902 are foi tin- authorized amount ol 810,000,
of which $4,684,000
lable to retl
1,000,0005 and (684,000 1st
pref. stock, and (3,316,000 in- reserved for future requirements, v. 75,
$684,000
.
1
p.
Where Payable and by
Whom.
.
$2,000,000
684,000 5 In 1905 M &
1,084.000 4 In 190S M &
3,801,000
o g
J
&
2.000,000
4g J &
234,000
4H M A:
100,000
A A;
5
250,000
6
A &
215,000
5
Various
1,508,000
& N
5g
246,500
Various
300,000
J
& D
260,000
M &
5,791,700 3 in 1905IA &
920,000
&
4,455,000
4y g j &
2
4,400,000
4g A &
M
See text.
See text.
£3.200,000 3 $ or £ J
£1,646,000
4
A
See text.
4
A
£1,358,000
4
A
£22,475,985
7 929,315 4 In 1905 A
MT
& DCo,
Blair
980.
Dividend.
Bait;
&N
do
do
do
do
do
do
&
Co,
Y May
May
1
to
May
11
mo
•".!
(1,778,777; net, (390,683
B
ANNUAL REPORT.
1,893
mi- June SO,
Fiscal year
Report for 1904-05
M.12, showing
Gro
(1,71 1,702; net, (402,317; other
income, (17,593; Interesl on 1,0ml
4c, (284,233; di\ on stock, (7
bai., sur., $:>8, 117.
Pros., Samuel Spencer, N. v.
(V. .si, p. 1.1.12.1
-
vriw in v. 8i, p.
.
.
1
Reading
'12
%
1962
1955
1955
1 1955
None ever paid
Co's Office Aprj20 1906 2 %
\
J
O Check from
3,420,000 5 for "OjiA & O
2,530,000 5 for "05 A & O
7.168,055 See text. Yearly
4,270,375
5
J & J 14
15,135,981
4
373,000
6
J
&
2,723,080
5
F & A
14,600
A & O
6
347,990
4
F & A
426,200
5
M & N
1.016,500
5
J
& J
350,000
J
3M giJ & J
4
1,000,000
A & o
%
%
1
& J Bank of Mont, Lond&NY Jan
& O ICo's Office, London, or April
April
& O
Bank of Montreal,
New York
April
& O
&
1945
1952
1898
Phila &
1912
1
do
do
Oct 1 1926
So Pac Co, 120B'way.NY Nov 1 1924
N Bk Or Co, Goshen, N Y 1928-1929
Grand Cent Station, N Y June 1 1942
International Tr Co, Bost Mar 1 1924
Office Grand Rap, Mich Apr25'06 1 )4
Wlnslow.Lan & Co, N Y July 1 1941
do
July 1 1941
do
Philadelphia, Pa.
Oct 1 1936
April
Office. Phlla
Read Office, Phlla Oct
do
do
do
Q—
.1
Glyn, Mills, Currle
Co, London
1
1
1
%
%
%
Apr 20'06 2H
Apr 20'06 2H
Apr 20 '06 2
do
do
do
&
Irredeemable
Irredeemable
July 1 1919
Irredeemable
Irredeemable
Irredeemable
May 1 1908
Jan 1 1912
July 1907-1941
April 1 1936
,
—
DIVIDEND. Dividend, 1901, 4%; 1902, Jan., 4%; in 1904-05, 20%.
Year ending June 30 1904, in V. 79, p. 1460. In 1904-05, gross, $694,791; net, $179,083; int.. $75,400; bai., sur., $103,683.
(V. 79, p. 1460.)
—
— Owns from Gouverneur to
owned by N. Y. Cent.
$350,000,
GOUVERNEUR & OSWEGATCH1E
Edwards, N. Y., 13 miles. Stock,
which guarantees the bonds. See V. 55,
RR.
all
p. 810
and V.
56, p. 501.
GRAND RAPIDS BELDING & SAGINAW RR.— Freeport
to Belding
Mich., 28 miles.
Mtge. is for $260,000 on 28 miles and $9,000 per mile
for additional construction.
Leased for 30 years from Jan. 1 1900 to Pere
Marquette RR. (which owns all the capital stock) rental covering interest.
— (V.
,
70, p. 39.)
—
—
GRAND RAPIDS & INDIANA
RY. (See Map of Pennsylvania RR.)
Fort Wayne, Ind., to Mackinaw City, 367 m.; branches, 55 m.;
total owned, 422 miles; operates the following roads, but has not assumed
the old company's leases thereof; Cin. Richmond & Ft. Wayne RR., 86 m.;
Traverse City RR. (nearly all the stock and all the income bonds owned)
26 m.; Muskegon Grand Rapids & Indiana RR., 41 m.; trackage, 7 m.
Traverse City Leelanau & Manlstlque RR., Traverse City to Northport,
Mich., 30 miles; see V. 74, p. 777" V. 76, p. 81 1; V. 82, p. 988, 1098.
HISTORY. Successor Aug. 1 1896 of Grand Rapids & Indiana Railroad,
foreclosed under second mtge. per plan in V. 63, p. 153.
STOCK. Stock, $6,000,000, of which Pennsylvania Interests are supposed to own all or nearly all. Penn. Co. on Jan. 1 1906 owned $2,902,600.
DIVIDENDS.— 1900. 1 %; 1901, 2 %; 1902 to Apr. 1906, 3% (yearly).
BONDS. The 1st mtge. bonds extended at 414 % are endorsed with the
guaranty of the Penn. RR. Co. to purchase the coupons as they mature, and
the bond itself at maturity. They have no lien on land grant. See guaranty, V, 56, p. 649; V. 69, p. 1193. Of the 2ds $3,687,000 were owned
Jan. 1 1906 by Penn. RR.
REPORT. Report for 1905 was In V. 82, p. 1098. In 1905 carried
2,711 ,469 tons freight, of which 43 % was lumber, &c, and 14 % coal.
1904.
1905.
1903.
Year ending Dec. 31.
1902.
115
424
Miles operated
430
430
$3,609,833 $3,302,347 $3,401,654 $3,196,738
Gross income
698,839
621,859
Net over exp. & taxes ..
698,833
784,470
Interest charges for 1905, (394,023; other deductions, $46,228: dividends
(.","„'
balance, surplus, (84,858.
$173,730:
(V. 82, p. 751. 1098.)
Owns from
—
—
—
—
—
,
Af,(/).)— This new trans-contiGRAND TRUNK
nental railway across Canada has received the approval of the Canadian
Government, and will be carried through with the joint financial support
of the Government and the Grand Trunk Co. Ry, of Canada.
It will
consist of a main line of an estimated length of about 3,550 miles from
Brunswick, to a point near Kal-Cn on the Pacific Ocean,
Moncton, New
about 25 miles south of Port Simpson, 1!. C, with branch. 203 miles, viz.
1. Leased Line, to be Built by Canadian Government
Miles.
Eastern Dlv. Moncton, N.B., via Quebec to Winnipeg, about - 1 ,800
(To be leased for 50 years to Grand Trunk Pac. Ry, Co.
for first
7 years at cost of operating only and for remaining 43 years at
3 % on cost of construction, but subject to provisions in V. 80,
PACIFIC RY.— (.Sec
—
—
,
p. 997.)
2.
—
Western Division, to be Built ami Owned by Company
Prairie Section, Winnipeg to Rocky Mountains, about
1,336
a.
b.
;!.
Mountain Division, Rocky Mountains to Pacific Ocean, about..
Lake Superior Branch, to be Built and Owned by Compan
Thunder Hay on Lake Superior to junction with Eastern Division
cast of Winnipeg
418
203
not Including sundry proposed branches
3,757
were under com tact
V. 82. p. 928, 983.
ORGANIZATION. Incorporated i>\ Canadian Legislature in 1004.
See full statement as to enterprise in v. 80, p. 996; v. 81 p. 1815.
In Feb.
1906 it was proposed to apply tor leave to incorporate the Grand Trunk
Pacific Branch Lines CO. to build branch lines and to guarantee bonds to be
V. 82. p. 333.
d thereby.
stock. Authorized, ( 13,000,000 (pai of shares, sum each) of w blch
in June
the (25,000,000 common win be owned b; the Grand Trunk Ry.
was authorized, of which
U
1906 (25,000,000 Bterllng debenture
(15,000,000 to be Issued shortlj for rod
and other purposes.
Total or
all,
In April 1906 1,387 miles
.
—
,
.
1,
V, 88, p. 11
bonds, —on condition thai the Grand Trunk Ry. Oo. of Canada guarantee i'ii mtge, bonds to provide the balance for the construction <>( the
Western Division of the line, the Canadian Government undertakes to guarantee 1st mtge. bonds hen in" Interest at 3
for an amount up to 75";, of
he cost of construction of hat division, BUCO amount (a) In the case of the
Prairie Section mil to exceed (18,000 per mile, or £8,210,000 In all, and
i/ii
luce quarters of whatever the cost per mile may be from the mountains
10 Pac.Coai t, called Mountain Section. \ ,80, p. 996, 1234; L363; \ ,81 ,p.618)
Series "A" (Prairie Section) bonds, total Issue limited to E2,100,00o, and
Series
\V (Mountain Section) bonds, not to exceed £2,060,000, are secured bj a 2d mtge. (National Trust Co.. Toronto, trustee) on the railway.
equipment and toils of the Co. Including 11 s leasehold Interesl in the Eastern
Division, but not branch lines exceeding 6 miles In length, ships, grants of
other than for rall\\a\ purposes) and the rolling stock of he EaSt.DIV.
V. 82. p, 568,
1
L02;
%
t
t
1
,
1
Sep '06-Sep
1
ARNS
I-
7 '06 2)4
7 1906 2
July
July
New York
,.
1006, 5% yearly. On
1906, i";, pearly.
V. 61, p, 129) provides that the
'07 to
100 to M
i'
BONDS.— First
firs!
%
GILA VALLEY GLOBE & NORTHERN RY.— Bowie, Ariz., to Globe,
125 miles. Stock, $2,000,000, of which Southern Pacific Co. owns $1,997,000.
V. 71, p. 1314.
Par, $100.
The bonds, limited to $15,000 per mile
($1 ,508,000 outstanding) are guaranteed, principal and interest, by Southern Pacific Co. V. 69, p. 27; guaranty In V. 68 p. 232.
I
GEOkfilA sol [-HERN & BLORIDA RY.— (See Map of Southern Ry.)
Owns fro
Ga., to Palatka, Fla., 285 miles; on Nov.
1002 pur-
When
Payable.
Rate
GETTYSBURG & HARRISBURG RY.— Carlisle to Gettysburg, Pa., 31
m.; branch to Round Top, Pa., 3 m.
The Reading Co. owns $540,700 of
the $600,000 capital stock, $535,000 of which deposited as part security for
Its gen. mort. of 1896.
The consol. 5s of 1891 were guaranteed by Philadelphia & Reading RR. (foreclosed company).
GAL. HOUS. & NORTH. RY.— See Gal. Harrlsb. & San An.
GENESEE & WYOMING RR. Retsof, N. Y., to Pittsburgh & Lehigh
2 m.; total, 16 miles.
Dividends from Oct. 1899 to 1902
1903, 8%; 1904, 8%; 1905, 4% (A. & O.); 1906, April, 2%.
Year 1904-05, gross, $158,910; net, $51,653; int. and taxes. $28,499; divs.
(4%), $20,000; balance, $3,154. Pres. andTreas., E L. Fuller, Scranton,
Pa.; Sec, H. D. Fuller, 170 Broadway, N. Y.
(V. 76, p. 1248.)
GEORGIA COAST & PIEDMONT RR. Extends from Darien to Collins, Ga., 85 miles: completed In July 1906.
A consolidation of the Darien
& Western, the Reidsville & Southeastern and the Collins & Reldvsille.
Stock authorized, $1,000,000. Bonds, see table above. V. 82, p. 804.
When Due.
pal,
Value.
Text.
— PrinciStocks — Last
Bonds
Size, or
Road. Bonds.
redeemable
First preferred
Date
see notes
page of tables.
first
Vol. lxxxiii.
,
,
1
t
——J
——
—
F
,
July.
RAILWAY STOCKS AND BONDS.
1906.]
Miles
For explanation of column headings,
on first page of tables.
1st
2d
Date
of
of
ike., see notes
— Northwest Grand Trunk 1st M
F
M $15,000,000 Int guar gold $ (cur) & £
M income gold $1,500,000 redeem (text)
Col
$150,000.000
—&Stock — Stock originally $20,000,000
Man
M 2d (now 1st M) g (does not cover l'ds) .c*
Ce.c*
Dakota Extension first mortgage gold
Consol M
fori (now 1st M on lands) gold_.Ce(
$50,000,000
Montana Exten 1st M ($25,000 p m) g.Ce.c*&r
Pacific Extension M £6,000,000 gold. -Ce.c* &r
C B & Q col tr M g(sub to call aft Jan'06 at 105) S.c&r
registered
do
do
do
Ce.c*
Minn Un RR 1st M gold guaranteed
do
do
do
East of Minn 1st M ($50,000 p m) g guar..Ce.c*&r
Northern Div M $15,000,000 gold guar..Me.c*&r
Mont Cent 1st M g ($6,000,000 are 6s) guar.Ce.c&r
P
M
&
]
1
.
•
Willmar & Sioux Falls 1st Mg gup &i (end). Ce. c*&r
Mlnneapolls Western first mortgage gold guar
c*
Spokane Falls & Northern first mortgage gold. Ma. c*
Gt Nor Ry of Can New cons M $7,962,000 (text)-.Ce
Green Bay & Western RR Stock (see text)
Debentures Class A incomes text non-cum
c*
—
—
Par
after stock non-cumulative
..c*
Amount
Value.
Outstanding
1880
1900
1900
66
326.5
326.5
$500
£100
$500
100
100
_
624
1879
1880
1883
1883
1887
1890
1901
1901
1882
1882
1888
1898
1887
1888
1891
1889
1905
1,221
2,655
2,655
420
818
3
3
72
299
260
205
2
132
—
B incomes
Class
1.000
1,000
1,000
1,000
1,000
1,000 &c
1,000
1,000
1,000 &c
1,000 &c
1,000 &c
1,000
1,000
1,000
1896
1896
,000
1
1,000
100
1,000
1,000
—
—
—
—
1
above-mentioned branch lines of over 6 miles. These bonds are
unconditionally guaranteed as to principal and interest by endorsement on
each by the Grand Trunk Ry. Co. See form in V. 80, p. 906.
Although the mortgage to secure the 3 % bonds guaranteed by the Government will rank before the mort. to secure the bonds guaranteed by the Grand
Trunk Ry. of Canada, yet an agreement schedule to an Act of 1904 provides
to the effect that in the event of default by the company for 5 years in payment of the int. on the 3 % bonds, the remedy of the Government shall be to
put in a manager to operate the Western Div. and to collect and distribute
net earnings pari passu between the holders of the bonds guaranteed by the
Government and the holders of the bonds guaranteed by the Grand Trunk
Ry. Co. in the proportion of 75 % of such earnings to the holders of the
Government bonds and 25 % to the holders of the bonds of this division
guaranteed by the Grand Trunk Ry. Co.
The mortgage deed to secure the ser. A and ser. B bonds will provide that
separate accounts shall be kept of the tolls, earnings, incomes, rents and
profits of the Prairie Section and the Mountain Section, and that in the
event of the trustee exercising the right of entry or sale thereby given in case
of default by the co. the moneys arising from each particular section and
available for the purpose shall, subject to the payment of the working
expenditure of the section, be applied first in payment of any interest or
principal due on the bonds issued in respect of such section.
Lake Superior branch bonds, total issue limited to £1,550,000, are to be
secured by a first mortgage on all the 220-mile Lake Superior Div. and are
guaranteed prin. and int. by Grand Trunk Ry. Co.
(V. 80, p. 996.)
or of the
,
GENERAL FINANCES. — In Feb. 1905 Speyer Bros, in London,
H £3,004,000 4 % (2d) mortgage sterling bonds due 1955,
offered at 99
&c.
viz.,
£1,646,000 ser. A (Prairie Section) bonds and £1,358,000 Lake Superior
branch bonds, all guar, by the Grand Trunk Ry. Co.
(See V. 80, p. 996.)
In Mch. 1905 N. M. Rothschild & Sons offered at 95 £3,200,000 1st mtge.
3 % sterling bonds guar, by the Canadian Government (V. 80, p. 1234, 1363;
V. 81, p. 507.)
The Prairie Section running through the great wheat belt
Is expected to be completed in 1910 and Lake Superior branch in 1908.
—Frank Scott. (V. 82,Hays, Montreal, Can.; Sec, Henry
Pres., Charles M.
928, 1040, 1102; V. 83,
—
GRAND TRUNK RY. OF CANADA.— (See Map.) — Quebec, Can., via
Montreal, to Chic.
also to Portland, Buffalo, Detroit, Toledo, &c.
OFFICERS.
Philips; Treas.
p. 155.)
p.
•
111.;
REPORTED SEPARATELY.
SYSTEM PROPER.
Miles.
Majority stock, owned.
2,951 Central Vermont*
Lines owned
Leased partly owned.
Atlantic & St. Lawrence, Portland, Me., to Island Pond, Vt.
Buffalo <5c Lake Huron
Olncln. Sag. & Mackinaw*
—
Other
lines
Total In earnings
Miles.
531
Grand Trunk Western* ..
336
Entire stock owned.
165 Detroit Grand Haven & Mil*-.
164 Tol. Sag. & Muskegon
Jointly owned.
53
202 Detroit & Toledo Shore Line...
|
79
Total road
4.766
'See separate statement this Co.
..3,535
Car ferry, Grand Haven to Milwaukee, opened Sept. 15 1903.
Ontario car ferry, see V. 81, p. 1790.
ORGANIZATION.—A
189
96
Proposed
%
guar., prin. and Int., $16,000,000 4
50-year gold bonds, of which $2,000.000 will be reserved for future capital requirements, and remainder will replace all other lndebt. by maturity. V. 79, p. 967, 1331, 1641, 2455, 2620.
—The authorized capital on Dec.
(£42,623,355 issued
30 1905 was £46,436,364
stock
and £3,813,009 unissued); advances from the
Canadian Government In aid of construction amount to £3,111,500. Perpetual consol.
debenture stock authorized by Act of 1882, and later
Acts, has been Issued from time to time to acquire securities of companies
consolidated and controlled, amounting Dec. 31 1905 to £8,395,088, and
bearing an annual interest of £434,619.
Guar, stock,
V. 71, p. 84.
£750,000, was subscribed In 1903 and £500,000 in 1904; V. 78, p. 1962.
In 1905 £1,HO(I,000 was offered.
V. 82, p. 692.
In Feb. 1906 It was proposed to apply for authority to guarantee Toronto Union Station Co. bonds.
V. 82, p. 152. Montreal Warehousing guarantied bonds, V. 83, p. 37.
&c.
4%
DIVIDENDS—
4 % stock
For
%
%
%
%
Guar.
98
'00
'99
'01
'02
'05
'04
'03
2
4
4
4
4
4
4
4
preferred
3
5
5
5
5
5
5
5
2d preferred
.)
3
4
5
a
5
3Ji
3d preferred..
2
1
2
In April 1905 full dividends for entire year 1904 were paid on first and
second preferred stocks. V. 80, p. 871.
1st
EARNMXGS
—
mos
'
1905-06. . .Gross, $27,018,134; net, $8,113,428
1904-05. ..Gross, 25,933,089; net, 7,600,011
REPORT. Statement for 1905 was In V 82, p. l»s;i.
Years endi no Dec. 31.
1905.
1904.
1903.
Gross earnings
£6,018,001 £5.689,130 £5,916,548
Transportation expenses
4,269,153
4,100,660
4,209.115
July
1
to
—
11
May
31.
,
1
J
Net earnings.
Total net Income
Rentals
Interest on bonds and deb. stock
Advances to controlled roads
Dividend on guaranteed stock
Do
on 1st preferred stock
Do
on 2d preferred stock
Do
on 3d preferred stock
Balance...
£1,748,848
£1,951,232
'_
'
155 .206
1,071
.1
14
11,070
(4)275,358
(5)170,842
(5)126.420
(2)143,293
Whom.
&
6
5
5
6
,T
J
J
g
g
J
J
g
J
'06
'06
Feb
Feb
Q—
&
&
A &
A &
J
&
J
&
J
&
&
J
A &
O
O
J
D
J
J
O
Feb
Feb
g
6g
5
&
6
g
5 g
See text.
5g
Id 5s of
do
wned.
OFFICERS.—Pres.,
Man., Chas. M. Hays.
'06
'06
1
1
1
1
1
1
1
K%
1M %
1909
1910
1933
1933
1937
1940
1921
1921
1922
1922
1908
June 19 '06 3%
Jan 1 1924
Jan 2 1932
Aug
Aug
1
1
July
1
Apr
Feb
15
1
1913
1913
1930
'06
1
1952
%
896 re"ma in outstanding.
b £2,000 000 additional held by Gr eat Northern.
Sir C. Rivers Wilson,
— (V. 82, p.
1040, 1437;
London; 2d V.-P. and Gen.
V. 83, p. 37, 155.
—
GRAND TRUNK WESTERN RY.— (See Map
Grand Trunk Ry.) Owns
from Port Huron, Mich., to Chic. & West. Ind. RR., 330 m., and trackage
Chic. & West. Ind., 5 m.; total, 335 m.
Stock, $6,000,000, all owned by
Gr. Trunk. Successor (V. 69, p. 954; V.71, p. 28) of Chi.& Gr. Tr. foreclosed.
BONDS. —The Grand Trunk
unconditionally guarantees the Interest on
$563,000 are reserved for Northw. Gr. Trunk 6s.
subject to call at 85 and any int. then due, within the
first 10 years.
Int. on incomes, 1 % paid on July coupons in 1902 to 1905,
incl.
Jointly with Toledo St. Louis & Western guarantees Detroit &
Toledo Shore Line bonds. V. 76, p. 653.
new 4s. Of the
The new incomes are
the
EARNINGS
4s,
—
11 mos., 11905 06.. .Gross, $4,912,681; net, $787,992
July 1 to May 31.
4,686,339; net,
691,074
J1904-05.. .Gross,
Year ending June 30 1905, gross, $5,038,338; net, $786,767; charges,
$773,140; 1 % on incomes, $15,000; def., $1,373.
(V. 81, p. 1174.)
GREAT NORTHERN RY.— (See Maps.)— In Feb. 1890 leased the St.
Paul Minneapolis & Manitoba for 999 years, assuming its funded debt and
guaranteeing 6% per annum In gold on its $20,000,000 stock.
In 1905
only $353,500 of Manitoba stock had not been exchanged for Great Northern
stock.
(V. 68, p. 129; V. 67, p. 1356; V. 67, p. 370, 788, 842.)
Lines leased and operated
Miles.
Owned, unbonded
Miles.
St. Paul Minn. & Man. Ry.,
Seattle & Montana RR.
St. Paul to Lowell, Wash
1,790
Seattle to Westminster
143
Branches in Minnesota, the DaAnacortes
to
Rockport,
kotas and Montana
2,096
Wash., &c
70
Eastern Ry. of Minnesota
Fosston to Cass Lake
60
Total operated directly
5,032
Hinckley to Duluth
72
Stock owned
oper. separately
Hinckley to Fridley
65 Willmar & Sioux Falls
New Dul. to Cass Lake
140
Willmar to Yankton, S. D.. 208
Misslss., Minn., to Hibbing.
49
Garretson, S. D., to Sioux
Brook Pk. to Coon Creek
City, la., and O'Neill. Neb. 228
June, &c
109 Duluth Watertown & Pacific
Park Rap. & Leech Lake Ry.
Watertown to Huron, Dak..
76
Park Rapids to Cass Lake..
49
Minneapolis Un. Ry., Sec
8
Dakota & Great Northern Ry.
Montana Central
Gra'v. to Sherwood, N.D..&C 143
Great Falls to Butte, &c
24*
Duluth Terminal Ry
2 Spokane Falls & Northern
203
Duluth Sup. & West. Term..
5 Washington & Gt. Nor. Ry.
Minn. & Gt. Northern Ry.
Marcus, Wash., to Republic,
Thief Riv. Falls to Green&c. (V. 73, p. 904, 184)..
69
bush, Minn
41 Vancouver Victoria & Eastern
Montana & Great Nor. Ry.
Ry. & Navigation
(V. 73, p. 904, 184.)
Grand Forks, B.C., to PhoeRexford, Mont., to Gatenix, B. C, &c
46
—
—
-
—
way
—
i)
Gt. Falls, Mont., to SweetTotal road. July 1905
6,116
grass
134 2d, &c, tracks and sidings
1,386
During 1904-05 121 m. of extensions were completed and on June 36 1906
330 m. additional were projected. As to Portland & Seattle Ry 228 ra.,
to be built jointly with No. Pac, V. 81 p 1100.
In April 1906 Canadian
|
£1,588,470
£1 .7.S7.232
155,206
1,070,505
4,807
(4)255,532
(5)170.842
(5)126,420
£1
,7ii7.4.'l.T
II
r
I.
,170
,.-,.206
68,690
13,901
1)214,160
(5)170,842
(5)126.420
(2)143,293
'
were proposed by allied interests from Winnipeg westward to Vancouver, aggregating about 1 300 miles, to be completed in about 2 years.
V. 81, p 669. V. 82, p. 928, 1156, 1268.
lines
—
LANDS. Sales for year 1904-05 were 3.940 acres for $44,918 and 62
town lots for $3,065. The net amount due on land contracts June 30 1906
was $1,428,841; lands unsold, 810,637 acres, to be reduced about 650.000
acres by a final adjustment with U. S.
STOCK. In Oct. 1905 the authorized stock was Increased from $128.000,000 to $150,000,000. See "General Finances" below. The Union Pac.
system on June 30 1905 owned $18,665,259 stock, $1,732,361 being pledged
under the Oregon Short Line refunding mortgage. V. 81, p. 1665.
—
DIVID'DS,
)'92 to '96 (Indus.) '97. '98. '99. '00. '01. 1902 to Aug '06.
Gt. North.]
yearly.
7
yearly, Q-F.
5H <>X 7 7 7
Also In 1898 50% In Seattle & Mont, stock, which was then exchanged
for 40% In Gt. Nor. pref.
V. 66, p. 1044.-1188; V. 74, p. 829.
BONDS. St. P. Mln. & Man. consol. mtge. 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 m. of railway In Minn, and a second lien on the remaining
1 .873 miles in Minn, and the Dakotas, the prior liens on which average only
$7,300 p. m. V. 64. p. 518. Montana Ext. mtge. Is for $25,000,000 for
extensions and for second track. Abstract, V. 45. p. 342.
Pacific Extension mtge. £6,000,000 provides for bonds at £6,000 per
mile In Montana and £7,000 per mile west of Montana; £3.000,000 of this
Issue (of which £1,000,000 sold) were released upon pavment of collateral
trust bonds Sept. 1 1898.
V. 66, p. 1044. 1188; V. 80, p. 1111. 1174.
See abstract of mortgage, V. 52, p. 82.
In 1904 theGt. Northern and Xor. Pac. had acquired $107,611,600 of the
Chicago Burl. & Qulncy RR. 5110,839,100 stock, In exchange for their
joint 20-year 4 % gold bonds, secured by the deposit of the stock In trust,
on basis of $200 In bonds for each $100 stock. Sec circular, V. 72. p. 871,
1034, 1 135, and application to list V. 73. p. 294. 903.
Eastern Railway at Minnesota.
First mtge. covers road, equipment, termlnals and elevators.
The Northern Div. $15,000,000 mtge. of 1898 provides for extension built from Fosston, Minn., to the head of laki- navigation at Duluth. and also for future requirements, Including the retliement of
the $4,700,000 1st 5s at maturity.
They are redeemable at 105 on three
5%
X
sur.£3,920
def. £1.342
%
—
—
months' notice after April
1
1928.
V
66. p. 471.
Montana
Central bonds
cover several roads. (See adv. "Chronicle" 7 Dec. 12 1891.)
The Manitoba
guarantees these Issues, and Gt. Nor. assumes guar. See guar., V.74, p. 680.
The Willmar A Sioux Falls bonds are endorsed with Joint and several
guar, of the Manitoba and (it. Nor. companies. Fun
I'sues may be made
at $17,600 per mile for additional rood.
V. 56, p. 247.
i
def.£2.101
June
& D D L & W Off, 26 Exch PI
& J Standard Trust Co, N Y
& J U S M & Tr Co, NY; &Lon
F & A 5 Nassau St, New York
F & A
do
do
J
& J
do
do
Q— Buffalo. N Y
& J Fisk & Robinson, N Y
J
1
1
1910
1959
1950
Bros July 1
July 1
do
do
July 1
32 Nassau St, New York July 1
do
do
July 1
32 Nassau, NY;Lee,H, Bo April 1
do
do
1928-1948
32 Nassau St. New York July 1 1937
do
do
June 1 1938
N Y & Lond, Baring Bros July 1 1911
Chase National Bk, N Y July 1 1939
New York
April 1 1935
Office, 40 Wall St, N Y Feb 1 1906 S%
do
do
Feb 1 1906 5%
do
6
July
July
J
J
J
6
4 g
1
Augl
do
do
& J
do
& J
do
do
& D
do
do
& J N Y & Lond, Baring
& J New York, etc.
J
4
5
5
do
A & O New York and London Oct
M & N 32 Nassau St, New York Nov
J
J
1
%
Q—
Q—
4 g
5
Dividend.
J Nat Bk of Commerce, NY Jan
J Bank Montreal, Lon&NY July
July
1
paid 1904-1905
July
Office, 32 Nassau St, N Y Aug
&
&
When Due.
,
consolidation in Aug. 1882.
As to Grand Trunk Pacific Ry., see that company above. V. 79, p. 2587.
The company on Sept. 30 1905 began operating Canada Atlantic Ry. and
STOCK,
t
2,150,000
650,000
4,700,000
d5, 000 ,000
10,000,000
3.646,000
500,000
e2, 812,000
4.962,000
2,500.000
600,000
7,000,000
200,000
380,000
12,282,000
749,500
750,000
781,000
6,000,000
14, 984, 000
1$16,000 o
$347,000
Where Payable, and by
J
J
4g
4g
6g
5 g
5g
J
1
100
---
When
%
,
pal,
Payable.
Rate
fl
$563,000
14,437.000
4 g
1,500,000 Up to 4 %
149,545,990 7 in 1905
C347.000
6
6,489,000
6g
4,947,000
6g
13,844,000
6 g
19,272,000
4K g
alO, 185,000
4g
b£4, 000,000
4g
£100 &c
$l,000&c 1215225200
.
Greene RR (N Y)
Stock
Greenwich & Jobnsonville 1st M $500,000 gold. Sc&r
21 1904
Quay & Q 1st M $12,282,000 gold guar (text).-Usm
_
1899
500
Gulf Beaumont & K C
1st M $10,000 p m gold.AB.c
62 1893
AB c
62 1893
500
Second M $10,000 p m ($176,000 are 6s)
guar end (text)..AB.c
1900
Gulf B & Gt Nor gold p &
77
1,000
Gulf & Ship Island
Stock $6,000,000 authorized
100
N.c* &r
First refund & terminal M gold sink fund
280 1902 1,000 &c
Hancock & Calumet See Mineral Range RR.
c All excep
a $11,502 000 additional pledged for Pacific Extensio n bon ds.
e Only $232 ,000 in ha nds of public.
d Subject to call after April 1928.
—
— PrinciStocks —Last
Bonds
Size, or
Road. Bonds.
Great Northern
St Paul Minn
St
6!
INTEREST OR DIVIDENDS.
RAILROADS.
Grand Trunk Western
— ——— —
—
1
1
62
RAILWAY STOCKS AND BONDS.
[Vol. lxxxiii.
July,
1900.]
RAILWAY STOCKS AND BONDS.
63
RAILWAY STOCKS AND BONDS.
64
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
— —
<fec, see notes
Size
Amount
Outstanding
—
—
——
—
—
M
—
—
W
—
W
.
!
W
text)
— Common stock
Preferred (also as to assets) 5 % n-c $10,000,000 conv
Hudson & Manhattan
100
100
(see
First mortgage $100,000,000 convertible
Huntingdon & Broad Top Common stock
—
1906
after 5 yrs
64
64
64
64
64
% non-cumulative
M extended in 1890 (interest only in gold) QP
QP
Second M old 7s extended in 1895 p & gold
GP.c*
Third U consol extended in gold in 1895
Preferred stock 7
First
. .
i
&c
1,000
50
50
500
500
1854
1857
1865
1,000
Minneapolis Western first mtge. is for $1,000,000. V. 60, p. 835.
The £1.500 ,000 2-year sterling loan due Dec. 1 1905 was paid at maturity.
GENERAL FINANCES. Total funded debt per mile of main track
V. 81, p.
(4,834 miles) in the hands of the public June 30 1905, $.0,842.
—
1254.
Trair.load, 1904-05, 522 tons.
Stockholders in Nov. 1905 subscribed pro rata at par for $25,000,000 new
stock, payable 25% each on Dec. 18 1905, Jan. 18, Feb. 19 and Mch. 10
1906. the proceeds to be used to pay for additional equipment securities of
subsid. cos. acquired and to be acquired, &c. V. 81, p. 1174; V. 82, p. 280.
EARNINGS. Great Northern system (including St. P. M. & M., East,
of Minn, and Montana Central) July 1 1905 to June 30 1906, 12 months,
$52,259,687, atrainst $43,994,032 in 1904-05.
REPORT. Report for 1904-05 was given at length in V. 81,
See also editorial, p. 1212
p. 1169. 1249.
—
—
ANNUAL
(1)
1905.
5,723
$43,526,088
20,567,239
52.75
Net earnings
Percentage of expenses
&
taxes
1903.
5,490
1904.
5,623
$40,057,352
18,045,010
54.95
$40,785,647
19,234,692
52.84
Year ending June 30
Net earnings St. P. M. & Man
Interest on bonds owned
Dividends on stocks owned
Profit on treasury securities sold
Rentals of leased lines
1904.
1903.
392,227
973,325
$16,679,973
395,896
751,340
119,851
4,013
891,144
119,751
1,492
354,296
$17,961,874
396.871
850,267
74,034
114,385
$21,197,291
$4,001,555
$18,302,748
$3,973,603
(7)8,683,925
212,625
2.000,000
1905.
$18,816,731
Bills receivable
General interest and other income.
Total receipts
Paid rental St. P. M. & Man.
Great Northern dividends
Interest on sterling loan
Renewal, dec. funds.
(7) 8
364,500
3,000,000
Balance, surplus...
1.491
402,424
$19,801,346
$3,992,737
(7)8.673,973
3.000,000
...sr. $5, 137, 376 sr. $3,432,595 sr. $4, 134, 636
(3)
Year end. June 30
Great Northern Ry
,693 ,860
OPERATIONS OF WHOLE SYSTEM.
'05.
Gross.
Oth. inc.
Net.
Tot. net inc.
$39,356,122 $18,816,731
Montana Central Ry... 2,418,332
1,143,681
Will. & Sioux Falls Ry.
1,643,626
558,276
Dul. Water. & Pac. Ry.
108,008
48,551
$1,467,060 $20,283,791
1,178.436
34,754
563,339
5,063
163
48,713
Tot. Ry. sys. proper. $43,526,088 $20,567,239
Falls & No. Sys..
1,107,990
367,297
Minneapolis Union
200.188
307.951
Minneapolis Western
57,882
20,632
Duluth Terminal
32,173
13.500
$1,507,040 $22,074,279
18,136
385,433
9,734
209,922
20.633
1
13.500
Spok
Tot. for the system... $45,032,084 $21,168,856
$1,534,911 $22,703,767
From this last result ($22,703,767) In 1904-05 paid total Interest charge
of all companies, and guar, dlvld's on St. Paul Minneapolis & Manitoba
stock <5cc. not owned a total of $5 ,294 ,855 and dividends of $8 ,693 .800 on
the stock of Che Great Northern Ry. Co. and $3,000,000 for appropriation for
renewal funds.
In 1901-02 (10 months) received $800,000 (5%); in 1900-01, $1,920,000
(12%) In dividends on Eastern By. of Minn, stock: In 1902-03. on Montana
Central Stock, $250,000 (5%), and In 1903-04 and 1004-05, $350,000 (7%),
and on Wlllrnar & Sioux Falls stock In 1902-03, 1903-04 and 1904-05, each
$280,000.
OFFICERS. Pres., James J. Hill, St. Paul; 1st V.-P.. Louis W. Hill,
St. Paul; 2d V.-P., R. I. Farrlngton; 3d V.-P. and Sec, E. T. Nichols, N. Y.;
4th V.-P., B. Campbell; Treas. and Asst. Sec, E. Sawyer, St. Paul; Asst.
Sec. and Asst. Tre&S., X. Terliune, N V.; N. Y. office, 32 Nassau St.
Directors
J. J. inn, Frederick Weyerhaeuser, E, Sawyer, Frank E,
Ward, H. I. Farrlngton, II. W. Cannon, Samuel Thornc, Louis W. Hill,
l;. Dean.— (V. 82, p. 217, 280, 33 I, 568, 804
928. 980, 10 I", 156.)
.
,
,
,
—
.
Wm
1
QREAT NORTHERN RAILWAY OF CANADA.— Owns
main line beto Hawkesbury,
Ry., 189 miles; branches, 39 m.; Joltette to Mon
[n March 1908 extension from Garneau Jet. to
brani b from
fori Jet. to Saint Jerome, 20 m., were
tween uiv a Pierre, on
mil'
treal, 37 m.;
Quebec, 90
m
ti
.
and
line of
reported to bi
Stock, com., $4,550(001
by
Am
St.
John Ky.,
Mom
V.71,p.l220.
car shops at Quebec, dec.
$3,450,000; over two thirds being owned
itor
I
Ry. of ';iii.
on June 1906 with
a
'
Quebec & Lake
(
i
:iv & Nor. and the Quebec New
Scotia Ry., the latter projected from Quel, .,• icj Quebec Bridge
ami thence thri
ne bo a point near Monet on, \. B., thence thn
Westmoreland and Cumberland counties to Pugwash ami New Glasgow,
On June III
bee \c U Br. & Nova Scotia lilcd a mortgage.
V. 82. p. !)«'•,; V.
p I.",.",.
The 4s of 190.-, ($7,962,000 authorized Issue) Issuable per plan V. 70. p.
subject, to call at par during ten years from date.
2795. are
Of the bomb:,
$1. 902. 000 guar. prln. aid
..uadlau Northern Ry., are Issuable tc,
retlrr old bonds and pay Off Ot In r liens and debts, and remaining $.1,000
at not over $20,000 per mile, for additional mileage. Suit on Great Nor.
Elev. mtge.. V. 81. p. 1315.
EAKVi NOS.— For y
June .10 1004, earnings wen- reported as,
gross. $.1.18.277; net. 12,202.
Report for year ending June .10 1902, In V.
75. p. 1.152. showed gross, $524, 764.
Pres., I). II. Hanna, Toronto; 1st V.-P., James MeNaught. 35 Nassau St.,
N.
(V. 79, p. 2795; V. 8! p. 1.115, 172.1; V. 8.1. p.
Mr.
ft
Nova
Whom.
$300,000
6g
1,182,550 7Vi In '06
700,000
4
See text.
2
700,000
4H S J
310,000
5 g
A
200,000
6
11,000,000
in 1906
15,000.000
in 1906
1,401,000
4g
2,441,000
4g
1,584,000
7
14,139,000
4H g
2,909,000
5g
2.399,000
5g
264,140
5 & 6
960,000
4^ g
250,000
in 1903
246,000
5g
2,199,000
5g
801,000
See text.
4,242,000
1,965,000
4,275,000
1,105,000
1,920,000
709,000
180,000
40,000,000
5,250.000
44,500,000
4H g
1,371,750 See text.
2,000,000 7 H in 06
416,000
4g
367,500
1,497,000
5 g
&
J
Various
M
& N
Dec
M &
31
S
M & N
M & N
J
&
J
& J
& J
& O
J
A & O
A & O
M & N
J
A
N Y
J Central Trust Co,
& J
& A31
& J
& O
& O
& J
& J
& O
F & A
M &
& J
& J
& A
& J
& J
& O
& A
& O
Jan
1
1916
July 10 '06 4%
July 1 1913
Aug 31 1906 1 %
July 1 1923
-.1952
Office, Phila
do
Hartford
do
do
New Jersey
P Morgan & Co, N Y
See Central of
J
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Wilmington, Vt.
Old Colony Tr Co, Boston
120 Broadway, N Y
do
do
Houston, Texas.
120 Broadway, New York
do
do
do
do
do
do
do
do
120 Broadway,
— Last
Dividend.
&.
Company's
Stocks
NewYork
3%
H%
1906 2%
April 10 '06
JulylG 06 1
Julyl6
Oct
1948
Aug
1955
May
1910
July
1999
July
1951
Feb
1952
To July 1908
Nov '06-May "12
Dec 31 1903 2%
Sept 1 1922
May 1 1933
May 1 1933
Annually
July 1 1937
Oct 1 1912
April
1
May
1
1921
1930
July 1 1941
Dec 31 1925
Oct 1 1911
195G
Phil Off, 4th
& Walnut
do
do
do
do
%
St Jan 28, 04. 1
July25 1906 Zy
3
Sept 30 1920
do
do
do
do
Feb
Mar
HISTORY. — A
1
1925
31 1925
reorganization June 5 1896 (per plan in V. 61 p. 471) of
<Se St. Paul, sold in foreclosure May 12 1896.
SECURITIES. There are no fixed charges on the property other than
fcaxes, nor can any be placed thereon, or the property be sold or leased without consent of 75
of stock.
Class A debentures are entitled to 2 H
interest, if earned, then com. stock to 2)4 %. then the two share ratably; but
alter 5 % has been paid on both, class B bonds are entitled to all surplus
earnings. See V. 61, p. 471.
In Dec. 1905 a majority of "B" debentures
had been deposited with a protective committee, John H. Davis, Chairman
(Louis M. Ogden, 25 Broad St., Sec; U. S. Trust Co., depositary), under a
plan declared operative. V. 81, p. 155, 841, 1665, 1723; V. 82, p. 804, 1437
the Green
,
Bay Winona
—
%
%
DIVIDENDS. —
Class
'98.
}
"A" deb
%j
Stock
'99.
'00.
'01
2V*
%\ 2K
2
A
3
3
Wi
..
l
2Ji
for year ending Dec. 31 1905, In
Freight.
Passeng'r.
Gross.
V
'02.
'03.
'04.
'OS.
'06.
4
4
4
5
5
4
4
4
5
5
82, p. 688, showed:
Net.
Taxes, &c. Bal.,sur.
1905
1904
$437,502 $148,918 $586,420 $210,837
$18,924 $191,913
446,852
145,545
592,397
225,945
20,358
205,587
paid in each year on debenture "A
5 %, $30,000; common
stock, 5 %, $125,000.
DIRECTORS.— S. S. Palmer, Pres.; Mark T. Cox, Sec. and Treas.. 40
Wall St.: C. Ledyard Blair, J. A. Jordan, W. J. Hunt. (V. S2, p. 1437.)
From balance
GREENE RR. — Owns
road from Chenango Forks to Greene, N. Y. 8
miles.
Leased to Delaware Lack. & W. for term of charter for 6 % on stock.
Capital stock, $200,000; par, $100.
The $200,000 7% bonds which matured Dec. 1 1902 are held In the D. L. & W. treasury.
t
GREENWICH & JOHNSONVILLE RR.— Owns from Schuylervllle to
Johnsonville, 21 miles, including extension from Greenwich to Schuylervllle,
Stock, $225,000.
7 S4. m., completed in 1904.
Bonds, see table above. For
year ending June 30 1905, gross, $77,318; net, $28,547; interest on bonds,
$15,600; dividend (4%), $9,000; bal., sur., $3,947.
Pres., L. C. Blandy
Auditor. J. H. McDanlels.
Office, Greenwich. N. Y.
(V. 78. p. 342, 1781.)
—
GUATEMALA RY. — V. 76, p. 265; V. 78, p. 988, 1497; V. 79, p. 902.
GUAYAQUIL & QUITO RY.— (3J^-ft. gauge.)— Projected from Guaya-
Ecuador, about 267 miles, with two branches. Of this, 151
m., from Guayaquil to Riobamba, are in operation, 36 m., to Ambato, are
about completed, and remauiimr 80 m. are expected to be in 1906. V 81
quil to Quito,
p. 556.
Stock authorized, com., $7,032,000: pref., 7% cum., $5,250,000. The
bonds are guar. prln. and int. by the Government of Ecuador, secured by a
first lien on all the Customs duties of the latter. It receiving in consideration
Interest in London is payable at Glyn, Mills, Cur49 % of the com. stock.
All the bonds are purchasable for a s. f. of 1 % yearly, and In adrle & Co.
dition $1,014,000 (of which $417 000 are now outstanding) are subject to
call at par for a special sinking fund.
For calendar year 1904 earnings were: Gross, £68,049; cash from Government of Ecuador to pay Interest on bonds, £121,348; total, £189,397; oper.
expenses, £67,600: Interest on bonds, £121 ,348; bal.. sur., £449.
Pres., Archer Harman; V.-P., T. H. Powers Farr, New York: Sec. and
Treas., S. H. Lever, N. Y. office, 27 Pine St.
(V. 82, p. 868, 1211, 1322.)
—
GULF BEAUMONT & K.
OULF & INTER-STATE
RY.— See Atch. Top. & S. F.
RY. OF TEXAS.— Port Bolivar,
C.
on Galveston
Bay, to Beaumont, Tex., 70 miles, was owned, of which 27 m., from Port
Bolivar to High Island, was washed away by flood In Sept. 1900, but was
rebuilt and reopened In Oct. 1903.
In Dec. 1905 control was acquired by
V. 81, p. 1665.
St. Louis and Des Moines Interests.
Improvement & Loan Co., Galveston, Is trustee under 1st mtgo. securing
$829,000 of 20-year 5s due 1915; V. 78, p. 820. Capital stock, $71,000.
Year ending June .10 1905. gross, $88,236; net. $1,116. V. 70. p. 1249; V.
no receiver was discharged; V. 78. p. 1167.
On Mch.
71, p. 182,698.
Pres., W. C. Fordyce. St. Louis, Mo.; V.-P., F. M. Hubbell, of Des Moines,
Featherstone; Treas., John W. Campbell
la.; Sec, L. L.
(V. 74, p. 728,
l
.(
I
1
—
1308; V. 75. p. 342; V. 77. p. 823: V. 78. p. 820, 1167; V. 81, o. 1665.)
OULF & SHIP ISLAND RR.— (See
Map.)
— Owns
from Gulfport. on
Mississippi Sound, Gulf or Mexico, to Jackson, Miss., 180.5 miles; branches,
to Columbia, 48.75 in., and Saratoga to Laurel, 41.75 m.; Mendeniiaii to Maxle, 58.77 in.; total.
.100.77
important harbor Improve
Maxle
m
.
ments bave been constructed
at Gulfport, Including an extensive system
of docks, piers, &<:.; also a channel 7 m. long extending to deep water. From
Creek to Columbia 30 m., was opened Hay 1006, completing second
Silver
Hue from Mendenha'.l lo Ma\le.
STOCK.— Capital
Mock $6,000,000 (par
DIVIDENDS. — Apr.
April.
I
1903 to July 1905,
of shares, $1001,
Incl..
% quar.:
1
all
out.
Jan. 1006, 2 %;
"I,.
>
&c
,
|
I
-
Y—
Where Payable, and by
—
GREAT NORTHERN INCOME ACCOUNT.
(2)
%
REPORT
OPERATIONS GREAT NORTHERN SYSTEM PROPER.
Year ending June 30
Average miles operated
Gross earnings
When
Payable.
Rate
—Princi-
When Due
pal,
Par
Road. Bonds.
Bonds
or
,
Value.
of
of
!
Date
Hannibal & St Joseph See Chicago Burlington <5c Qui ncy.
22 1895
$100 &c
Ce
Harriman & Northeastern First mortgage gold
53
50
Harrisburg Portsmouth Ml Joy & Lane Stock 7 % gu
500 &c
53 1853
First M (extended In 1883) guar p & 1 Pa RR.QP.r
100
109
Hartford & Connecticut Western Stock
109 1883
1,000
First mortgage extended in gold In 1903
1902
Hawkinsv & Fl So 1st M $400,000 gold guar p & 1
Henderson Bridge Co See Louisville & Nashville RR.
100
Hibernia Aline RR Stock
4M
100
Hocking Valley Ry Stock common $11.000,000
100
Stock preferred non-cum (see text) subject call at par
500 &c
76 1867
Columbus & Hocking Valley first mortgage gold_-c*
118 1875
1,000
Col & Tol 1st M gold (Col to Walb) exten 1905..S.C'
85 1880
1,000
c*
Ohio & West Va 1st M (Logan to Pomeroy)
346 1899 1,000 &c
consolidated mortgage $20,000,000 gold
Ce
First
1,000
1901
gold guar red 110 after 1911
K & H C & C 1st
1902
1,000
Con Coal IstJM $3,500,000 g gu s f '06 red 110 af '12.S
OO-'Ol Various
Equipment notes payable monthly
1902
1,000
Car trusts gold $80,000 seml-an (V 75. p. 741)
S
100
Hoosac Tunnel & Wilmington Stock
25 1892
1,000
OB
First mortgage $250,000 gold
191 1893
1,000
Texas 1st M gu p & 1 by So Pac.Un.c*
Hous E &
191 1893
1,000
1st M $3,000,000 g not guaranteed
75 1870
Houston & Texas C RR State of Texas pr lien 1st 75m,
453 1890
1,000
1st M 1 gr g red 110 int gu $3,456,000 paid Ce.c*&r|
453 1890
1,000
Cons M land grant gold red at 110 lnt guar.-F.c'&r,
1.000
453 1890
General mortgage gold Interest guar end. Mp.c*&!
58 1900
1,000
Waco & N
Div 1st M g $25,000 p m..Ce.c*&r
103 1891
1,000
Austin & Northwest 1st M gold guar p & LMp.c'&r
41 1895
1,000
Ft Worth & New Orleans 1st M (Wax to Ft Worth)
12 1881
1,000
1st M guar So Pac (Gar to Wax).._F
C Tex & N
•
Vol. lxxxiii.
.
GREEN HAY & WESTERN RR.-Hoad owned
1
from Green Hay.
to Marshland, Wis., 209 miles; branches, 13 ra.; trackage to
Winona,
\V
4
m.
..
BONDS.— Of the
1st 5s ($5,000,000 authorized) $2,750,000 were used to
refund the old bonds (only $16,000 of the latter being now outstanding); th«- remainder were Issued as follows: $1,000,000 to complete the terminals at Gulfport, $500,000 fOT new cqulpm'I and $750,000 lor 7511). rails
and other Improvem'ts lo roadbed and structures.
\ s. f. of 1% yearly,
which became opei 1\ c Jan, 2 o.) may purchase bonds at not enceea'g 10.
but the latter cannot be drawn, bonds so purchasc,| to be kept alive In sinking fund as an Investment,
To Jan. 1006, $08,000 had been purchased.
See V. 74, p. 426, and application to list. V. 74. p. 1257: V. 81 p. 264.
EARNINGS For 11 months ending May 31;
dross.
\7
Oilier Inc.
II months.
Charges. Hal., sur.
1905-Ofl
$1,988,784
$629,840
$23,134
$280,024
$372,450
1904-09
151.971
1,710,831
429,848
8.068
280 140
REPORT. Report for year ending June 30 1905 was given In V.81. p.
1171. showing (275 average miles), gross. $1,877,397; net over taxes,
other Income, $0,221: charges, $.106,926; balance, surplus
$480,155;
v.
$170. 450.
Pro
J. T. Jones,, Buffalo, N
(V. 82 p. 160 1212; V. 88,
-.1
,
1
1
,
.
—
p. II5.
•
,
•
July,
1906.]
RAILWAY STOCKS AND BONDS.
65
MAP OF THE
GULF & SHIP ISLAND
RAILROAD
AND
ITS CONNECTIONS.
toutht uf the
tsiisippi
Hiier
RAILWAY STOCKS AND BONDS.
66
Miles
of
on
column headings.
first
page of
Huntingdon & Broad Top
of
&.C., see notes
Date
of
Par
Amount
Value.
Outstanding
—
51,000
1.000
— —
100
100
£200
£200
f
1,000
1
000
£200
1.000
&C
£200
1,000
1,000
W
500 &C
1,000
500 &C
1,000
500 &C
1,000
500 &C
M
1,000
1,000
1,000
1.000 &c
1,000
1,000
1
—
!
Central
HARRIMAN & NORTHEASTERN RY.— Harrlman
14 miles.
Leased till
controlled by New York New
Haven &
total,
347 miles;
to
collateral tr ust
Of 1886
*
WEST
of
—
$1,089,623;
charges,
net, $403,137;
p. 2384.)
balance,
$192,083;
company
April 11 1893 to a railway
—
—
HUDSON & MANHATTAN RR.— (See Map.)— Owns
double-tube tunnel
from Christopher and Greenwich Sts., New York, under the Hudson River,
to 15th St., Hoboken, N. J.; extensions are to be built under Sixth Ave.,
N. Y., to 33rd St., with a spur under 9th St. to 4th Ave; also a branch to
A double-tube tunnel is also
the Del. Lack. & West, station in Hoboken.
under construction from a connection with the Erie and Pennsylvania RR.
stations in Jersey City under the Hudson River to Cortlandt
Dey and
Church sts.. New York. A connecting line between the tunnels in New
The Hoboken tunnel to 33rd St., New York, Is exJersey Is to be built.
pected to be operated early in 1907. Cars will run over Pennsylvania right
of way to Newark: also has agreement with Public Service Corporation for
V. 82, p. 986.
transfer of passengers, &c.
Electric power Is to be used, with trains of the New York subway type.
A consolidation in 1906 with the New York & New Jersey RR. per plan,
V. 82, p 804.
,
—
SECURITIES.— Of the bonds $50,000,000 In connection with $40,000,000 common and $5,250,000 pref. stock will be Issued on account of the
proposed tunnels, stations, power house, erection of buildings at the Church
St. and 23rd St. terminals In New York, and retirement of $5,000,000 N. Y.
and Jersey bonds redeemable at 110. The remaining 550,000,000 bonds
and $4,750,000 pref. stock are reserved for future purposes.
The bonds will be convertible on any Interest day 5 years from their date
to maturity at par Into common stock at $110 per share, with provisions
to protect the bondholders when common stock In addition to the $40,000,000 at present authorized and the further amount necessary to convert
The pref. stock Is convertible after July 1 1911 into
the bonds is Issued.
—
common
V. 82, p. 804.
stock at 110.
OFFICERS.— Pres., W.
K. II. Konger; Sec, C.
V. 82, I). 804, 102.)
G. MeAdoo; V.-P., W. G. Oakman; Treas.,
King.
Office, 111 Broadway, New York.
W.
1
HUNTINQDON & BROAD TOP
MT. RR. &
Huntingdon, Pa., to Mount Dallas, l'a., 45
DIV'D. - '91. '95. '96. '97. '98. '99. 'Oil.
%
On common.
On preferred.
ii
\Vi 4
5
7
7
7
10
6
Gross.
'0 1.
r.
o
7
^
for 1905
o
5
6
5
6
common...
surplus..
$497,851
$504,598
$022,774
-Pre*., N\ Monsarrat, Columbv
.. W. N.
See. and Tieas.. \. II. ijlllaid, ,\e\v York.
Cott. OolumbU
DIRECTORS. Charles B. Alexander, it.
iway, Thomas p.
Ryan, Charles Steele and a. ii. Glllaxd. New York; Ralpb \V. Hlckox,
Charles c, Klckoi ami .lames 11. Hoyt, Cleveland; P. IV, Huntington, .\.
Monsarrat S. P, Hush, It. S. VVarnei and William N. Cott, ColUmbUS, O,
V. 82, ii. 452, 568, 1268. 187: V. 88, p. 37, BO
Balance,
'.ear's
7H
1207.
Balance.
Dividends.
interest.
I
$136,963
13. 730
stir.
.
i
IBERIA
VERMILION RR.
ft
-Salt
Mine June,
to
Abbeville, La., in
$300 ,000 of whleh $298,500 Owned by Morgan's Louisiana &
Year 1904-05, gross, $85,100: net
Texas RR ft ss Co. (So. Pac.)
$50,806: other Income, $7.27-1; charges. J 17.272; balance, surplus. $40,809.
miles.
OFFICERS.
—
5><;
In V. 82, p.
$797,467 $353,153 $106,190 $110,000
1905
076,5:11
253,637
'13.71 7
106,190
1904
r
", 986, 1307.)
(V. 80, p. 1724: V. 81, p. 211: V. 82, p. 100
—
1906.
1
7
was given
Net.
from
branches, 19 miles.
'02. '03. '01. '05.
o
5
ANNUAL REPORT.— Report
COAL CO. — Owns
miles;
.
Dividends on
foreclosed
proceeds of land sales. See full abstracts of all the mortgages in V. 52, p.
242.
Of the $5,068,000 consolidated 6s authorized $1,149,000 (not included In the amount outstanding above) are held as part security for the
general 4s. There were also June 30 1905 $450,000 Lampasas extension
interim 5s, all owned by Southern Pacific Co.
Stock, $10,000,000, of which
the Southern Pacific Co. owned $9,996,000: par, 5100.
V. 76, p. 1084.
In 1902-03 a dividend of 6 % was paid out of accumulated sur1192, 1407.
plus.
V. 76, p. 1407. As to school fund claim for 5673,100, see V. 64,
p. 1137; V. 66. p. 471: V 70. p. 686.
LANDS. The lands June 30 1905 held for cancellation of first and consolidated mortgage bonds consisted of 1,946,715 acres; land contracts
outstanding were 5757,609. V. 65, p. 869.
EARNINGS.— Year 1904-05. gross, 55,222,193; net, 51.321 ,850; other
Income, $9,106: charges, $983,295; bal., surp.. $347,661.
(V. 83, p. 37.)
—
52,898,033
$1,093,935
(4)560,000
(8)821,324
of
—
—
52,423,764
$1,018,971
(4)570,200
(8)380,000
surplus,
Garrett to Ft. Worth, 53 m.; other, 30 m.; total, 690 m.
Mexia to Navasota, 100 miles, building in Oct. 1905.
off,
HISTORY. — Successor
.
$2,327,544
$899,693
Prest.,
55,000.
Reorganization plan, V. 45, p. 792, 820. On Aug. 22 1901
merged Austin & Northwest, etc. Litigation, V. 74, p. 680: V. 81, p. 777.
BONDS. The bonds are being gradually reduced with proceeds of land
sales.
The first mortgage was for $8,634,000, of which $570,000 reserved
against claim of State of Texas upon 75 miles of the road.
The Southern
Pacific Co. guarantees interest on all bonds.
The first mortgage bonds and
the consolidated mortgage bonds may be called for redemption at 110 with
$8,421,000 Middle States Construction Co. collateral 3s, which are secured
of the entire stock of the Toledo & Ohio Central Ry., except
554,100 common and $11,600 preferred (See V. 69, p. 1345), but that road
See STOCK below.
Is operated separately.
In May 1906 the <'o. offered to give 60% In common stock for the $4,500,000 Kanawha & Michigan minority stock (not owned by the Toledo & Ohio
Central)
The preferred stock will be called at par and a bond issue bearing
4% interest made to replace it, the dividend rate on the common to be inThe preferred stockholders will be given the option to
creased to 6%.
take in in new bonds.
V. 82, p. 1268; V. 83. p. 95.
PREFERRED STOCK. Has preference as to assets and dividends and
is entitled to share equally with common in any dividend above 4 % In
any year. V. 80. p. 1111.
SALE OF STOCK, ETC. In June 1903 $6,924,200 of the outstanding
$11,000,000 common stock was sold to five railroad companies, viz.: The
Pittsburgh Cincinnati Chicago & St. Louis (two-sixths Interest) and Baltimore ft, Ohio, Chesapeake & Ohio, Lake Shore & Michigan Southern and
Erie (each one-sixth), the owners receiving $103 per share above all expenses
The participation certificates Issued therefor were paid at maturity, June 28 1906, and the stock distributed among the roads.
V. 75, p.
1301; V. 77, p. 36, 1225; and form of cert., V. 77, p. 1874, V. 83, p. 37.
DIVIDENDS. On preferred 1900 3H %: 1901 to July 1906. Incl., 4%
per annum.
On common July 1901 to July 1906, incl., 3% per annum.
BONDS. The consols ($20,000,000 authorized) besides a lien on the
entire property, subject only to $5,426,000 prior bonds, have a first lien on
all the coal lands; $5,426,000 consols are reserved to retire the existing bonds
(these existing bonds, however, may be extended at maturity) and $5,045,000 for the acquisition of new property and betterments, of which $5,263,000
sold In 1899-1906.
V. 72, p. 338; V. 74. p. 1038; V. 76, p. 1192; V. 78,
V. 82. p. 568.
Substantially all of the bonds and stock of the
p. 989;
Ohio Land & Ry. Co. and the Wellston & Jackson Belt Ry., 18 miles, are
deposited under said mortgage.
V. 68, p. 823.
Guarantees Kanawha &
Hocking Coal & Coke Co. bonds. V. 74, p. 271; V. 77, p. 2393; V. 81.
v. 75, p. 497, 987
p. 507; v. 81, p. 781: also Continental Coal Co. bonds,
See also Sunday Creek Co. (which operates properties) under '•industrials.'
Col. & Tol. lirst 7s were extended 50 scars at I",, In 1905.
V. 81 p. 211.
LATEST EARNINGS. For 11 months ending May 31:
II months.
Cross.
Chorvcs.
Net.
Other Inc.
Balance.
1905-06
.85,907,920 $2,074,745 $217,493
9687,087
$1,605,151
II
1904
1,767,199
371,023
821,688
1,316,534
ANNUAL REPORT. Traffic Is mostly freight, and over 65 of this Is
bituminous coal. Average train load Is large -In 1905 581 tons.
Report Tor year ending June 30 1905, In V. 81, p. 897, 916,
I.
1902-03.
190 05.
1903
earnings
.$6,013,214
$3,725,183 $n.o i».6!i8
Net earnings after taxes
$1,946,313 $1,872,863 $2,211.17:'
Other Income
382.231
550,901
686,861
.(4)600,000
(3)330,000
1
1
Sept. 8 1888.
by deposit
Total available Income
Fixed charges
Dividends on preferred
1
Mar
%%),
Cut
derived, aggregate about 20,975 acres,
I
S
1923
1910
1931
1932
1
July
Sept
Texas, 54 m.;
N. J., to Hibernia
1890 for $12,000 per an.
—
s
S
June
to Ross,
Hawklns-
and are covered by the consolidated mortgage. In 1899 acquired control
of Toledo & Ohio Central Ry. (which see) by purchase of entire Issue of
1
bond
M &
do
do
do
do
do
do
do
do
— Owns from Houston, Texas, to Denlson,miles: Bremond Southern
Texas, 338 miles; Hempstead, Texas, to Llano, Texas, via Austin, 215
second track, 47 miles.
is
.1
&
&
M &
HOUSTON & TEXAS CENTRAL RAI LRO AD. — (See Map
HISTORY, &C. — Successor Feb. 25 1899 per plan V. 68, p. 231, of
Columbus Hocking Valley & Toledo Ry., foreclosed. The coal lands, from
which the bulk of the business
J)
J
Pacific.)
HOCKINQ VALLEY RY.— (See Map.) This company owns main line
from Pomeroy, O., to Walbrldge, O., 250 miles, with trackage (Penn. RR.
System) Walbrldge to Toledo, 6 miles; branches to Athens, Nelsonville,
etc., 73 miles; leases Wellston & Jackson Belt, McArthur June, to Jackson,
18 miles;
J
$211.054.— (V. 78,
HIBERNIA MINE RR. — Owns from Rockaway,
—
6g
7
4g
4g
470,000
71,000
538,000
241,000
gross,
Stock, $100,000, of which one-half acquired in April
Ga., 44 miles.
1904 by Georgia Southern & Florida, which guarantees bonds (see table
above), principal and Interest. Year ending June 30 1905, gross, $73,652;
net, $16,610; total deductions, $17,862; balance, deficit, $1,252.
Pres.,
Bird M. Robinson, 277 Broadway; Treas., C. H. Reynolds.
(V. 78, p.
1781; V. 79, p. 2585.)
J. In
!
without foreclosure.
Stock 51.020,000, of which $1,905,000 owned by So. Pac. Co., which has
guaranteed $2,199,000 of the bonds, principal and interest, by endorsement,
reserving the right to redeem them at 105 and interest at any time on s x
months' notice. Guaranty, V. 70, p. 841; V 71. p. 236.
Year 1904-05,
Conn., to
Aug. 1940
and branch,
Leased to Central of N.
.1
HOUSTON
vllle,
4>4 m.
,
Houston,
— Owns from EAST &191Texas,TEXAS RY.— (See Map Southern Pacific.)
to Sabine River at Logansport (on Houston
miles.
Reorganized In 1896
& Shreveport RR.)
,
J.,
3H?J
John P.
Hartford RR.) the rental paying charges and 2 % per annum on the stock,
The
($2 714.000 outstanding), of which $1,390,000 is owned by lessee.
stockholders were to vote July 24 1905 on increasing the stock by $2,500,000,
95.
the new stock to be offered to stockholders pro rata at par.
V. 83, p.
(V. 76, p. 1084; V. 83, p. 95.)
Mines, N.
—
Slocks Last
Dividend.
,
Whom.
,
HARTFORD & CONNECTICUT WESTERN RY.— Hartford,
HAWKINSVILLE & FLORIDA SOUTHERN RY.— Worth
Where Payable and by
,
net, 520,524: bond interest. 512,300: dividends (2
Kellas, Malone, N. Y.
(V. 79, p. 903.)
to Petros, Tenn., 22
In Jan. 1903 entire stock acquired In the Interest of the Cincinnati
Orleans & Texas Pacific Ry., but is operated separately. V. 76,
Year to June 30 1905. gross, 599,370; net,
Stock, $600,000.
p. 157.
$42,887; charges, $29.724.— (V. 76, p. 212.)
New England Ry. (now
%
y.
New
Rhinecllff, N. Y., 109 miles,
When
Pay able.
Rate
pal.
68,000
5
A ft. O Merchants' Trust.
Oct 1 1906
176 000
4
& D Penn Co for In. fee. PhllTo Dec 1 1911
J
5
322,000
F ft, A So Pac Co, 120 R'v. 1M ViAus
95,040,000 7 In 1906 M ft
S 11 B'way, N Y, & Lond Sent 1 'n« .iu%
10,000,000
4
do
J
& J|
do
July 1906 2%
2,500,000
4 e
A & O London
April 1 1951
1,000,000
Chap, M, G & C!o, Lond
(?)
3M g J & D
1,500,000
4 g
J
& J 11 Broadway, New York Jan 1 1951
2,199,000
do
.).-ui
& J
do
£500,000
London
3g M & S!
Mar 1 1951
3,000,000
3H e A & O New York & London April 1 1951
5,266,000
sy eJ & J, Baring Brothers London July 1 1950
2
2,000,000
3H e J & J 11 Broadway, New York Jan 1 1951
968,000
5
;F
do
& A
do
Aug 1 1921
15,000,000
do
do
4g A & O
April 1 1952
3.000,000
do
& D
do
4g
Dec 1 1950
25,000,000
do
do
4g M & N
Nov 1 1953
5,425,000
do
do
4g F & A
Aug 1 1951
8,377,000
do
do
July 1 1951
3H g J & J
4,998,275
do
do
3g J & J
July 1 1951
21,788.000
do
do
J
& J
July 1 1953
3M S
80,000
6
& D
do
do
J
Dec 1 1907
all, 289,000
5 g
J & D IS
do
do
June 15 1951
1,359.000
do
do
June 15 1951
3M g J & D 15
3,500.000
4 g
do
do
J
& D
Dec 1 1951
5,000.000
do
do
3g V & A
Aug 1 1951
3,148,000
do
do
Jan 1 1951
3g J & J
14.662,000
do
do
July 1 1952
3H g J & J
1,000
1,000
1,000
1,000
miles.
to Central
Bonds—PrinciWhen Due.
Size, or
Road. Bonds.
tables.
(Concluded)
Consolidated car trust
1896
PeP
14th Ser car trust $29,000 yearly Dec 1
1899
Iberia & Vermilion
First mortgage
16 1893
Illinois Central
Stock 595,040,000
Leased line 4 % stock guaranteed (see remarks)
1875
First mort of Sterling bonds old 6s extend in 1895
1875
18 7 4 lo r| Sterling bonds extended In 1905
c*&r
$15.000,000Us of 1886 due 1951 gold
706| 1886
secures a 1 H3Hs of 1886. due 1951 gold._c*&r
1886
c*&r
1895
equally _Us|3s of 1895 due 1951 gold
1903
J3!^s of 1903 due 1951 gold_.-C*&rj
I
1886
Trust bonds sterling (sec by Ch St L & N O cons) .Us
111 1897
1st
Sp Dlv ref M (V 66, p 1237) gold.. Us.xc'&r
131 1881
Kank & S
1st M Otto to Norman June & br._r
Us.c'&r
Collateral trust bonds gold $
857 1888
bonds gold (see remarks)
Us.c'&r
Cairo Bridge
1892
798 1892
Coll trust 525,000.000 gold on L N O & T..Us.c*&r
Us.c'&r
Western lines llrst mortgage gold
218 1894
St Louis Dlv & Term M 510.000.000 gold. Us.xc* &r ] 239 /1897
55.000,000 (See V 65, p 1173) g__ Us.xc* &r
do
11897
Louisville Dlv & Term M 525,000,000 g.-Us.xc'&r
553 1897
567 1877
Chicago St Louis & New Orleans second mortgage. .
c*&r
(518,000,000) gold lnt guar
567 1881
JConsol
567 1897
do guaranteed principal and Interest
M gold guar p & (end)
Us.c*
Memphis Dlv 1st
100 1889
130 1900
Omaha Division 1st M gold $5,000,000. .. Us.c* &r
F.c*
Litchfield Division 1st M gold 54.000,000
98 1900
Us.c'&r
Purchased lines 1st M 520,000,000 gold
734 1904
Underlying St Louis Division & Terminal bonds.
Bellevue & Carondelet 1st M Belle to E C gold__c*
17 1883
Bellevue & El Dor 1st M (I C owns 5100,000) . _c*
51 1880
Me.c*
30 1886
St Louis Southern first mortgage gold
Carbondale & Shawneetown 1st M gold
17 1887
c*
Iowa Falls & Sioux City See statement of Dubuque & SIo ux Cit
a In addition 55,266.000 consol 5s are pledged to s ecure Illinois
M
Vol. lxxxiii.
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
|
Stock
1
.
IDAHO NORTIILRN RY. V. 83, p.
ILLINOIS CENTRAL RR — (See Mop.)
I
—
KO \ D Operates from Chicago, in., southerly to New Orleans. La., 912 miles, ami westerly to sioux
la
609 miles, with numerous branches, viz. (• which see.)
-
.
.
.
to the State or Illinois 7
I
HOOSAC TUNEL. &
lino ac Tunnel
by syndicate.
WILMINGTON RR.— NARROW GAUGE.—
WNs,, to Wilmington, \t.. 25 mllei
In 1904 p
Earnings for year 1904-05, gross, 571.186
V. a79s p 903.
•
In Deo. 1850.
Theoompany pays
1905 $1 ,088,676) of grOSS of the 706 ill. owned
The Ihlcag St I.. .V \ O. Is leased for 400
per annum on Its $10,000,000 stock deposited
HISTORY, LEASES, ftc—Chartered
,
In fee
veai
l\
i
si
'I'm '
i
he
(In
oil a xes.
1882 at 1 %
In lieu
from July
o
%
'•
I
ased lint stock.
I
.
.
July, 1906.
J
RAILWAY STOCKS AND BONDS.
67
RAILWAY STOCKS AND BONDS.
G8
HUDSON
and
MANHATTAN
RAILROAD SYSTEM.
[Vol. lxxxiii.
—
July,
_
-
.
J
-
RAILWAY STOCKS AND BONDS.
1900.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation of column headings,
on
first
page of
&c,
see notes
Size, or
of
of
M $5,000,000 gold red_IC.c*
Iowa & Minn
Southern
Terminal
Tunnel Co
Date
Par
Amount
Value.
Outstanding
%
$3,000,000
4,400,000
350.000
4 g
Road. Bonds.
tables.
132
M gold $5,000,000
— — 1st$500,000 gold red par EC.c* Text.
IC
— SeeMChicago Subway Co.
—
& Iowa — See Chicago Indiana & So uthern
Indiana
& Western
Indiana Decatur & Western — See Cin
Indianapolis & Louisville — See Chicago Indianapolis & Lou
M red 110 text g Usm.c'&r
Indianapolis South —
FP.c*
93
M gold
not callable
Indianapolis Un —
Gold notes part due yearly guaranteed text
& Vincennes — See Vandalla RR.
Indianapolis
--Interbor — Metropol Co — Com stock $100,000,000 auth
Pref stock 5 % cm(also pref as to assets) $55,000,000.
c*&r
bonds g sec by Int R Tr stock
Coll
Interborough Rapid Transit — Stock $35,000,000 ... Text.
$15,000,000 authorized gold redeem at par
Notes
International & Great Northern — First mortgage gold 1,109
F.c* 1,109
mortgage gold..
Illinois
Illinois
Illinois
Illinois
69
1904
1903
1905
1st
1st
$1 ,000
1,000
1,000
Where Payable, and by
Payable.
Whom.
M
5g
5g
J
When Due
Stocks
Dividend.
& S New York or Chicago Mar
& D New York
Dec
& J Illinois Tr & Sav Bk. Chic Jan
J
— Princi—Last
Bonds
pal,
When
Rate
1
1
1944
1953
2 1925
Illinois
IniJ
isville
1903
1886
1904
1st
1st
s f
1
100
1905
1879
1881
1892
1880
—
5~00~
500 dec
500 &c
1,000
£50 &c
£100
£100
£100
—
503
—
ILLINOIS CENTRAL RR. (Conclnded)
Road owned
8
37
45
Chicago to Cairo, 111
H
Centralia, 111., to East Main
Dubuque, la
Jstem.
Dubuque & Sioux City*
Switz City to Effingham. Ill
Springfield to East St. Louis,
111. (V. 71, p. 547)
Acquired Oct., 1901.
Peoria, 111., to Evansville, Ind.,
with 6 m. branch (V. 73,
p. 391, 665)
Control owned.
Leased.
Chicago St. L. & N. O. RR.
Cairo, 111., to New Orleans.
Line to Louisville, &c
\
I-
—
—
(CO. deS.W. and branches)/
—
Leased Control owned.
Miles.
lEvansv. Line (Ohio Val. RR).. 139
706 Mem., Tenn., to Grenada, Miss
100
Miles.
in fee.
21
37
i
100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1888
1901
1894
1901
1867
1889
1877
541
<'
—
—
&c
£10
£10
•
—
&c
1,000
|
Yazoo & Mississippi Val. RR.,
Memphis to N. O. and brs
730
1 175
88 St. Louis Alton & Terre Haute. 239
Entire stock owned.
98 Branches
Leased.
773
Chicago & Texas (Sept. '97)...
Trackage Oliver Br. to Thebes.
80
9
251
Total system June 30 1905. .5,584
Of which earns, kept separate
547 Yazoo & Miss. Vail.
1,210
—
RR
Total included in earnings
4.374
July 1 1905
In Sept. 1904 the Indianapolis Southern Ry. was purchased. V. 78. p.
In July 1905 an option for 3 years for purchase
2442: V. 79, p. 733, 968.
of majority of stock and bonds of the Tenn. Central and Nashville Terminal
Co., jointly with the Southern Ry., was obtained, the III. Cent, on Dec. 1
1905 taking over the operation of the portion from Nashville to Hopklnsville, Ky., 85 miles, with small branches.
V. 81, p. 1723.
Branch from
Silver City to Holly Bluff, Miss., 25 miles, was opened June 1906.
In Nov. 1905 an extension from Jackson Tenn., to Birmingham, Ala.. 216
miles, was proposed, of which Corinth, Miss., to Haleyville, Ala., 80 miles,
V. 81 p. 1436.
to be owned, Is under construction: balance to be trackage.
CAPITAL STOCK. — The
leased line stock Is secured by deposit of $10,St. Louis & New Orleans stock.
(V. 65. p. 1071.)
000.000 Chicago
Early in 1901 the stock was increased from $60,000,000 to $66,000,000,
In Nov. 1901 to $79,200,000, and in Aug. 1902 was further increased to
$95,040,000, to provide additional equipment and facilities.
See V. 71,
p. 1066; V. 72. p. 241, 282; V. 73, p. 82, 138, 666: V. 74, p. 1308; V. 75,
Of the stock 78 % was In Oct. 1904 held in America, $8,000,000
p. 77. 498.
o? this being owned by the Railroad Securities Co.
See that company.
DIVID'S. \ '86. '87. "88. '89. '90. '91-'99. '00. '01-Sep.'04. '05. 1906.
Com. stock/ iy 7
7
7
2
5H 6 5 y'rly. 5M 6 yearly. 7
BONDS. Main line $15,000,000 mtge. 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 & New Orleans 1st M. Cairo Bridge 5s.
The rental for
the bridge Is $180,000 In gold annually, of which $20,000 goes to a sinking
—
See adv. In "Chronicle" May 7 1892.
bonds of 1886 are secured by deposit of $5,266,000 Chicago St. L.
de N. O. consols of '81
and are to be Included In any new mtge.
The collateral trust bonds of 1952 are secured by pledge with the U. S.
Trust Co. of New York of $16,350,000 5% 1st mortgage gold bonds of
subsidiary railroads covering 854 miles.
See list, V. 55, p. 550.
The $25,000,000 collateral trust bonds of 1953 are secured bv pledge of all
the Loulsv. N. O. & Texas (now Yazoo & Mississippi Valley RR.) $16.900,000 1st mtge. bonds, except $68,000. all the $9,104,000 mtge. Incomes
and all but $96,000 of the $10,000,000 land grant Incomes. See adv. In
"Chronicle" June 11 1892. and V. 54. p. 964; V. 61, p. 112.
The Chicago St. Louis & New Orleans have their Interest guaranteed (by
endorsement) until the principal Is paid. The Zy s of 1897 are guar., prin2
cipal and Interest, by endorsement
see guaranty 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 & Sioux City bonds (see Dubuque
de Sioux City RR.) due In 1917, shall be transferred to the trustee without
encumbrance. See "Supplement" of Jan. 1899.
The St. Louis Division & 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, dec, and $1,499,000 are held to retire $1,400,000
underlying bonds still outstanding on the St. Louis Alton & T. 11. svstem
see table above.
See abstract of mortgage In V. 66, p. 138. See also V.
66. p. 133; V. 71. p. 546.
Louisville Division & Terminal mtge. Is for $25,000,000; of the bonds
$1,112,000 are reserved to purchase the 46 m. (Cecilia br.) from Louisville
d: Nashville and to retire the L. & N. bonds thereon; $2,500,000 for new
additions or extensions.
Chicago St. Louis de New Orleans took title to the
Loulsv. Dlv. and Joined In making mtge. See V. 66, p. 36, for abstract; also
"Supp. of Jan. '99. V.65.p. 367, 516; V. 66, p. 133: V. 67. p. 581; V. 75, p. 671
Of the $4,000,000 Litchfield Division bonds, $852,000 are reserved for
Improvements, dec. V. 71. p. 547, 646; V. 79, p. 2455.
The purchased lines 3Hs of 1904 ($20,000,000 authorized) cover various
minor lines acquired. Of the bonds, $14,662,000 have been Issued on 7.11
m. of subsidiary branch lines purchased, and the remaining $5,338,000 Is
reserved to retire at maturity $968,000 bonds of the Kankakee & Southwestern due 1921 (see bond table above) and $4,370,000 bonds of the Chic.
Mad. &. North. (231 m.), which are pledged as part collateral for the collateral trust 4s of 1952.
(See V. 71, p. 288; V. 79, p. 1273, 1642, 2588;
V. 81. p. 1105.)
EARNINGS.—11 mos..]1905-06_._ Gross, $47,336,017; net. $14,154,748
July 1 to May 31.
/1904-05-._Gross, 45.397.956: net
13,264,600
REPORT.— Annual meeting Is held the third Wednesday In October.
Report for 1904-05 was in v. hi, p. 1095, 1105; editorial, p. 1073.
Report
of President Fish for IS years ending Mav 1906, see V. 82, p. 1240, 1268.
The following does not Include Yazoo & Mississippi Valley.
Year ending June 30
1905.
190 1.
1903.
Miles operated^
4,374
4 301
4 374
Passenger earnings
...$10,729,825 $9,554,743 $8,977,228
Freight earnings
32.607,922
31,692,575
30,59
Mall, express and miscellaneous
6.170.902
5,616.754
5,583.838
fund.
The
trust
.
,
—
1
'
.
Total earnings
...
$49,508,649 $46,831,116 $45,186,077
& J New York
& N Fidelity Trust,
& S
J
g
4V2 S M
4 g
5
M
92,360,100
45,284,600
67,406,000
35,000,000
15,000,000
11,291,000
10,391,000
2,966,052
198,000
£1,700,000
£1,000,000
£400,000
£699,886
£469,459
£1,150,000
£400,000
8,521,983
5,674,426
7,650,220
5,340,000
500,000
600,000
300.000
2,800,000
800,000
See text.
4y g
2
See text.
4g
6g
5g
4g
Q
—
5
J
&
M &S
do
See remarks
Office, 195
do
NY
B'way,
J
15
London
4Hfr'4-5
4H
for
1904-1905
& D 15 London
M & S Office, 25 Broad
J
5
1
1953
1926
Sept 1906-1910
July
7
4H
1
May
2 '06 1 )4
%
A & O New York
April 1 1956
Q—
July 2 '06 2 M
M & N Belmont & Co, New York May 1 1908 %
M & N Office, 195 B'way, N Y Nov 1 1919
M & S
M & S
M & N
4
July
Phila
Sept
Sept
May
1
1
1
1909
1921
1920
Mar 31 1912
Sept 15 1950
Sept 15 1950
1950
Jan 1 1984
7
N Y Mar 1 '00 1 y %
2
N Y June 1 1938
M & S
do
do
Mar 1 1951
J
& J Guaranty Trust Co, N Y July 1 1939
& J Secur & Trust Co, N Y Jan 1 1951
J
& J Fidelity Trust Co, Phila July 1 1927
J
A & O Erie RR, New York
Jan 1 1909
J 10 & J Farmers L & Tr Co. N Y July 10 1907
Operating expenses
1905.
1904.
1903.
$35,11 1 ,706 $34 ,735 ,682 $31 ,697 ,956
1
H
In '00
J
5 g
4 g
5g
4 g
&
414
5
Net earnings
Net receipts from
6
g
de
D
St,
Mercantile Trust Co,
$14,396,943 $12,095,454 $13,488,121
2,759,020
2,675,496
3,445,318
2,488
41,053
15,830
interest, dec
Miscellaneous
.
Total receipts
Deductions
$17,158,451 $14,812,003 $16,949,269
—
Interest on Illinois Central bonds
$3,431,035 $2,961,615 $2,999,740
Int. on Chi. St. L. & N. O. bonds...
2,415,060
2,415,079
2,416,653
Rental Dubuque & Sioux City RR..
571,243
cr. 87.136
96,366
Net rental St. L. A. & T. H
507,435
520,209
507,525
Miscellaneous
98,336
136,306
199,593
Dividends on Illinois Central stock. .(7)6,652,800 (6)5,702,400 (6)5,702,400
Balance, surplus
$3,482,542
YAZOO & MISSISSIPPI VALLEY.— Results
614
,
C treas.
940,000
415,000
5,000
1906
1,109
I
.000
100
100
tr
Second
3d M ($3,000,000) .formerly inc, incl scrip, g.Me.c*
F
Colorado Bridge bonds sinking fund.
Ord shares £1,700,000 _
Interoceanic Ry of Mexico
Preferred shares 7 % cumulative £1 ,000 .000
Prior Hen deb subj to call at par after Mar 1 1897..
4% debenture stock subj to call at par £1,150,000
Debenture stock 7% "B" subj to call 120 non-cum
Second debenture stock red at 105 after 1911 text
Mex E deb stock £450,000 guar red at 105 beg 1914
Iowa Central Common stock $11,000,000 authorized
Preferred stock $7,400,000 5 % non-cumulative
1st M for $7 ,650,000 g (abstract V49, p 582)__Me.c*
Refunding M $25,000,000 gold (see text) _Mo.c*&r
Jacksonville Term
1st M gold guar $500,000-Mp.c
N.c*
Jamestown Chaut & L E 1st M $750,000
Jefferson
1st & 2d Ms ext in '87 & '89 (H'dale Br) . .c
1st M Carbondale to S depot gold guar p & L.FP.c"
Ce.c
1st M guar p &
Joliet & Northern Indiana
1,000 In
$3,163,530
on 1,204 miles
$5,076,992
in 1904-05:
1.173 miles in 1903-04.
See report at length. V. 81, p. 970, 989, 1042
In Jan. 1903, $569 ,574 paid for back taxes.
V. 77, p. 713.
Year
Gross.
Net.
Other inc.
Interest, &c.
Bal.,sur.
1904-05
$8,670,246
$1,917,983
$2,847
$1,265,186
$655,644
1903-04
7,868,335
1,772,717
3,558
1,197,659
578,616
Balances In 1904 and 1905 were transferred to insurance fund. No payments were made in '04 and '05 to 111. Cent, as owner of entire $9,104,000
Loulsv. New Orl. de Tex. 2d M. Inc. bonds on acct. of arrears of int. ($5,812,686) on July 1 '05; $277,712 paid from earns, of '02-'03. V. 81, p. 990.
OFFICERS. Pres., Stuyvesant Fish; 3d V.-P. and Sec, A. G. Hackstair: Treas., E. T. H. Gibson.
11 Broadway, N. Y.
Directors.
Walter Luttgen, John W. Auchincloss, J. T. Harahan,
Charles M. Beach, Cornelius Vanderbilt, Stuyvesant Fish, Edward H. Harrlman, John Jacob Astor, Charles A. Peabody, John C. Welling, W. Morton
Grinnell, R.W.Goelet. and, ex-offlcio, Hon. CharlesS.Deneen.Gov. of Illinois.
(V. 81, p. 1665, 1723; V. 82, p. 452, 804, 1V68; V. 83, p. 155.)
;
edit., p. 943.
—
—
—
—
ILLINOIS IOWA & MINNESOTA RY.— (See Map.)— Operates Rock111., to Momence, 125 m., of which Aurora to Joliet, 24 m.. Is Elgin
& Eastern trackage. Owns entire stock and bonds of Rockford Belt
ford,
Joliet
Ry.
V. 81, p. 1175.
The Milwaukee Rockford & Eastern Ry., a
subsidiary, has a projected
111., to Milwaukee, Wis., via Beloit and Janesville,
103 miles. The Illinois Indiana de Gary Ry., another subsidiary, has a projected line from a connection with the I. I. & M. at Peotone, 111., to Gary,
Ind., 35 miles, both lines being under survey and expected to be completed
in 1907.
(V. 82, p. 1212.)
Incorporated In Illinois in Nov. 1902. Stock, $5,000,000, all outstanding: par of shares, $100.
BONDS are subject to call at 107 and Int. on 6 months' notice. Of the
$5,000,000 bonds authorized. $4,000,000 Is Issuable at not exceeding $30,000
per mile of main track when completed In 10-mile sections.
The remaining
$1 ,000,000 Is Issuable (a) on vote of not less than two-thirds of the stock for
acquisitions of completed connecting lines, the bonds to be a first Hen thereon
at not exceeding $30,000 per mile or (b) at not exceeding $200,000 yearly for
additional lands, buildings, side tracks, second tracks, terminals, Improvements and rolling stock, but only when the portion of the road for which
they are acquired is In operation. V. 78, p. 2599; V. 79, p. 103. Pres.
H. W. Seaman, "The Rookery," Chicago, 111. < V. 82, p. 392, 1212.)
ILLINOIS SOUTHERN RY.— Owns Salem to Bismarck (Including River
Transfer, 1 mile) 122.86 m.; Chester branch, Missouri Jet. to Chester, 10.70
m.; Rosborough branch, Sparta to Rosborough, 5 m.; total owned, 138.56
m.; leases 111. Cent, trackage, Branch Jet. to I. C. Jet.. 2.75 m.; total. 141.31
m. Successor June 1 1900 of the Centralia & Chester RR., foreclosed.
V. 70. p. 1048; V. 71, p. 29. Stock, com., $4,000,000; 6% cum. pref..
$1,000,000: par, $100, all Issued.
Of the bonds. $600,000 Is reserved
for Improvements and equipment In 1906-08 at not over $200,000 yearly.
V. 79, p. 500.
Equip, notes, lncl. Int.. Jan. 1 1906, $131,614. For 12
mos. end. June 30, gross, $336,556 In 1905-06, against $278,929 In 1904-05,
REPORT. For year ending June 30 1905, In V. 82, p. 158. showed,
gross, $368,747: net, $190,452; Int. and taxes. $192,421; bal., def.. $1,969.
Pres., J. W. Walsh; Sec. and Treas., C. F. Weinland; Aud., A. F. Williams.
Office, Grand Central Station, Chicago. 111.
(V. 82, p. 158.)
ILLINOIS TERMINAL RR. Owns terminals at Alton, 111., and road,
Alton to Hartford, 111., 6 miles; Hartford to Edwardsville Jet., 7.1 in.;
leases from Wabash RR., Edwardsville Jet. to Edwardsville, 1 .6 m. Stock,
$500,000; par of shares, $100.
Of the bonds. $150,000 are reserved for
future purposes.
V. 79. p. 2205.
Year ending June 30 1905, gross, $106.771; net, $8,198; Interest, rentals and depreciation, $21,653; bal., def..
Pres., Geo. M. Levis.
(V. 79, p. 2205.)
$13,456.
INDIANA ILLINOIS & IOWA RR. In April 1906 consolidated with
Indiana Harbor RR. and Danville de Indiana Harbor RR. under the name
of the Chicago Indiana de Southern RR.
V. 82. p. 803, 868.
EARNINGS. Report for year ending Dec. 31 1905 In V. 82. p. 802
showed: Gross earnings, $1 ,812,461; net, $473,458; other Income. $5 ,429:
charges and taxes. $215,875; dividends (4%). $200,000: new construction
and equipment, $30,889; bal., sur.. $2,123. (V. 82, p. 803, 868.)
line
from Rockford,
—
,
—
—
—
—
—
—
—
INDIANAPOLIS SOUTHERN RY.— See Ry. & Ind. Sect. Apr.
INDIANAPOLIS UNION RY.— Owns 3 miles of track, .93 of a
1906.
mile of
road, with terminals at Indianapolis. Ind., and leases for 999 years thc|Belt
RR. of Indianapolis 12 14 miles (which see).
Formed In 1850 and furnishes terminal facilities to the several railroads
entering Indianapolis. CAPITAL.— The Cleveland Cincinnati Chicago d;
St
Louis, the Pittsburgh Cincinnati Chicago & St. Louis and the Vandalla
RR. are virtual proprietors, they having Invested In It $867,917 to June 30
No stock outstanding.
1904.
notes of 1904, guar. prln. and Int. by Pitts. Cln. Chic de
The $415,000 4
St. L. and Cleve. Cln. Chic de St. I... mature Sept. 1 yearly as follows. $85,000 from 1906 to 1908 and $80,000 In 1909 and 1910: Commercial Trust Co.
V. 80. p. 871.
of Philadelphia, trustee.
—
.
%
TO
RAILWAY STOCKS AND BONDS.
[Vol. lxxxiii.
July.
190G.
RAILWAY STOCKS AND BONDS.
71
RAILWAY STOCKS AND BONDS.
72
—
EARNINGS. 1904-05, gross, $930,975; net, $340,468: other Income
$18,582; total deductions, $283,882; bal., sur., $81,108.
(V. 82, p. 80S.)
porated on Jan. 24 1900 as an amalgamation (per plan V. 82, p. 217, 280) of
the Interborough Rapid Transit Co. and Metropolitan Street Ry. The plan
is now operative, S42.333.200 of the $52,000,000 Metropolitan St. Ry. stock
and $29,187,100 of the $30,000,000 stork oi the -Metropolitan Securities Co.
its holding company, having been deposited in June 1906.
V. 82, p. 092.
See I nterborough Rapid Transit Co. below and Metropolitan Street Railway
in "Street Railway" Section.
STOCK. All the stock is to be Issued except the amounts reserved per
plan for exchange of stocks not deposited.
The preferred stock has no voting power except In default of payment of
dividends thereon or unless the directors so request.
V. 82, p. 217, 280.
DIVIDENDS. First div. oupref., 1 M , paid July 2 '06. V. 82, p. 1323.
VOTING TRUST. All the common stock is deposited under a voting
trust agreement to Men.
1911, subject to termination in the discretion of the voting trustees, viz., August Belmont, Walter G. Oakman,
Thomas F. Ryan. Cornelius Vanderbilt and Peter A. B. Widener.
BONDS. The collateral trust bonds (Windsor Trust Co., New York,
trustee) are to be secured by pledge of all the stock of the Interborough
Rapid Transit Co. or voting trust certificates therefor as acquired at the rate
of $1 .000 in bonds for (500 Interborough Rapid Transit stock, V. 82, p. 280.
In July made a $500,000 five-year .">"„ mortgage covering property in 218th
(V. 82 p. 1438, 1490; V. 83, p. 95, 155.)
St. V. S3, p. 95.
—
—
%
—
—
—
—
INTERBOROUGH RAPID TRANSIT CO.— (See
Map.) Incorporated
1902 in New York, to operate the municipal tunnel railroad in N. Y.
City, extending, with two tracks, from Battery to City Hall, and as a fourtrack line from the City Hall (with two-track loop at that point) under new
Elm St., Fourth and Park avenues, to 42d St., thence under 42d St. and
Broadway to 103d St.; also as two-track lines, partly viaduct, (a) from 103d
St., on the West Side, to Kingsbridge Station, (b) from 103d St. to the East
Side and Bronx Park.
Extension (two-track) under the East River via
Fulton and Flatbush avenues to Atlantic Av., Brooklyn, there connecting
witli the Long Island RR., is to be completed by 1907.
Total to be about
02 miles of track on 25 miles of road (of which 19 % subway and 5 34 elevated).
V. 77, p. 827; V. 80, p. 222, 1912.
On Oct. 27 1904 the West Side main line from 145th Street to City Hall,
9 m., was opened, and on Nov. 23 the East Side line from 145th St. south;
and in July 1905 began operating to the Battery and on the East Side to
West Farms. The extension to Kingsbridge (221st Street) was opened
May 30 1906. V. 82, p. 027, 1208.
Leases Manhattan (Elevated) Ry. for 999 years from Apr. 1 1903. See
that co.
Has agreement with N. Y. City Interborough St. Ry., controlled
by allied interests, which DroDoses to build various surface roads in Bronx
Borough, of which 5 m. operated. V. 80, p. 117, 1175, 1479; V. 82, p.
In March 1900 $1,780,000 of the $2,000,000 Subway Realty
808, 1268.
stock was acquired. V. 82, p. 218, 513.
Owns stock of N. Y. & Queens County Ry., 74 miles, and, jointly with
Long Island RR.. the N. Y. & L. I. Traction Co. and Long Island Electric
Ry., aggregating 50 miles. V. 80, p. 2021. Also owns N. Y. & Long Island
RR. (V. 81, p. 1492; V. 82, p. 751); Pelham Park Ry. and City Island RR.
See list of security holdings, V. 83, p. 155.
CONTROL. In Apr. 1906 the greater part of the $35,000,000 stock had
been exchanged for 200 % in 4 V % collateral trust bonds of the Interborough
2
Metropolitan Co. (which see above) secured by the stock exchanged.
CONTRACTS. Contract with city calls for the construction of the road
from City Hall north for $35,000,000 and Its lease to the company for 50
years from completion, renewable for another 25 years, the rental to be
equal to the interest on the city's bonds issued for construction (but not for
easements, &c.) and a sinking fund of 1 % yearly to retire the bonds. See
The company also at its own expense provided
provision V. 82, p. 1157.
the electrical equipment (costing about $25,000,000; see V. 82, p. 452).
For contract see V. 69, p. 1003. The extension from City Hall, Manhattan, to Brooklyn, is being built without aid from the city except about
$3,000,000, and leased for 35 years with privilege of renewal for 25 years.
V. 75, p. 184, 1086, 1202. See V. 76, p. 101, 1234.
Possible extensions, see V. 78, p. 342, 1550; V. 80, p. 117, 2345.
In July 1900 $40,810,000 city bonds had been issued, of which $44,810,000
are S'A per cents, $1,500,000 3 per cents and $500,000 4 per cents.
Contention as to Subway payments to city sinking fund, V. 82, p. 980, 1040,
1212, 1268.
STOCK. E. Mora Davison, B. Hamburger and Charles B. Ludlow are
the voting trustees till May 15 1907.
DIVIDEND. July 1904, 2%; Jan. 1905, 3; Apr., 1%; July, 2; Oct., 2;
V. 82, p. 1323.
1900, Jan., 2; Apr., 2; July, 2<4.
NOTES. The 4 % notes of 1905 (Windsor Trust Co. of New York, trustee) will be equally secured in the event of the company executing a mortgage covering the leashold interest in the Manhattan Ry. or the Transit
Subway Construction, Co. or N. Y. & Queens Co. Ry. stock. V. 80, p. 1912.
EARNINGS.— For the 9 months ending March 31:
Gross
Otlu r
Charges
Net
months
Balance,
earnings.
earnings.
Income.
ending Mch. 31.
& rental.
surplus.
1904-5. Man. Ry. $9,999,318 $5,831,842 $230,000 $5,315,184
$752,658
1905-6, Man. Ry. $9,303,849 $5,257,991 $284,708 $5,270,095
$200,604
2,871,238 307,712
1905-6, Subway .
1,263,317
5,041,578
1,915,633
May
—
—
,
—
—
—
'.i
1905-6, total ..$14,405,427 $8,129,229 $592,420 $6,539,412 $2,182,237
REPORT. Balance sheet Apr. 30 1906, V. 83, p. 152.
For Near ending June 30 1905, including the Subway Division for 8 mos.
and 5 days, compared with 1903-04, when Manhattan Div. only was operated.
1904-05.
1903-04.
Gross earnings
$16, 837. 370
$14,187,085
Operating expenses
7,397,384
5,846,051
—
Net earnings
$9 ,439,986
491,040
$8,341,034
341,504
$9,931,026
$2,443,371
1,203,734
3,864,000
$8,683,138
$1,822,180
1,071,232
3,804,000
$2,419,921
$1,925,726
(2)700,000
Other Income
Net Income
Interest and rentals
Taxes
7% on Manhattan stock
Balance
Dividends
for
INTEROCEANIC RY. OF MEXICO, LTD See page 179.
RY. — (See Map.)— Operates Peoria, 111., west to
—
INDIANAPOLIS & VINCENNES RR.— See Vandalia RR,
I NTERBO ROUGH-METROPOLITAN
CO.— ORGANIZATION. — Incor-
dividends
(6^)2,362.500
Surplus for year...
$57,421
$1,225,726
\lfred SUIt
Morton I'. Plant, August Belmont, Andrew
Dl I; l.i TORS.
Freedman, Jamei Jourdan, .lames ii. Hyde, w. g. Oakman, John Pclrce,
Geo. VV. Soring. Win. A. Read, Cornelius Vanderbilt, New York; E. P.
Bryan, New Jersey, and Gardiner M. Lane, Boston.
Pres., August Belmont; V. P., E. P. Bryan; Sec, H. M. Fisher; Treas.,
Offices. 13 21 Park Row Building and 23 Nassau St.,
I). W. McWllliams.
.New York.
(V. 82, p, 627, 092. 980, 1268, 1323; V. 83, p. IS2, 158
INTERNATIONAL & ORE AT NORTHERN RR.— (See Map Missouri Pfl
Longvlew, on Tex. tc Pac. (near Shreveport, La.) southwesterly to
ctfia
o to Laredo, Tex., on Mex. .National rr., and
Houston and Galvi
norther
to Ft. Worth; total Jan 1905, 1,159 miles, viz.:
Spring
\tilei
Joint trackagi
Lines atoned
Miles.
194 Galveston Houston & Henderson
Longvlew, Tex., to Laredo
ijuiniH with m. k. & t.)
150
tine to Houston, Tex
50
121 Other line
Mlneola, Columbia, 4c
20
161
Houston Oak Lawn & Magnolia
Worth to Spring
Park Rj
47|
Navasota to Madlsonvllle
io
ORGAN /.ATI on. Reorganized without Foreclosure In 1892 under plan
Stock authorized
In V, 54, i>. 208, 386,
$25,1
,000; outstanding, (9,
oi Ml
ourl Pacific.
755 ,'n in. pai $100; controlled In Inti n
mortpagt Inten
(scaled to
BONDS. The second
% until and lncl,
but In case of default the rate reverts to 6
Sept. 1 1897) Is nov
as for
on Die
190
not
..
V. 73, p. 445.
ad bonds, $661,461.
.'.
to Jum 30 1906,
1905
Julj
98,96,733,820; L904-05,
t
,
IOWA CENTRAL
i
—
.
.
.
i
i
I
I
.
I
I
.
!
%
i
;
i
1
I
$6,3 16.821
1904
•
Im
provements,
Oro
$6,316,809
Net.
11,440,987
<>iii
.
\m
$10,451
<
h
—
—
Owns
Iowa Jet.,
Iowa
Miles.
to
111.,
Manly
Jet.,
|
363
127
Branches to Belmond, &c
|
I
|
I
Total in earnings July
—
Leases
(stock owned.)
Miles.
la. C. & W., Belmond to Algona
37
Trac k, Iowa Jet. to Peoria
.
.
3
Manly Jet., La., to Albert Lea,
Minn, (owned jointly)
28
1904
558
(by plan in V. 44, p. 653) of the Central
Iowa, sold in foreclosure In 1887-88.
In June 1900 Minneapolis & St. Louis
interests obtained control through purchase of the common stock; the two
properties are operated In close connection.
V. 70, p. 1249.
CAPITAL STOCK. The preferred is entitled to 5 % (non-cum.), then
common to 5, then both share pro rata. V. 62, p. 548.
DIVIDENDS.— On pref. In 1892, 1 %; 1899, 3; 1900, 114: none since.
BONDS. The refunding 4s of 1901 are secured by a mortgage on the entire property now owned or hereafter acquired, subject to the $7,650,000
first 5s, for which an equal amount Is reserved.
The balance are Issuable
for future extensions at not exceeding $25,000 per mile, improvements and
equipm't. V. 73, p. 899. Loans and bills payable June 30 1905, $2,000,000.
EARNINGS. 11 mos., 1 1905-06
Gross, $2,716,522; net, $696,704
July 1 to May 31.
Gross, 2,361,370; net, 399,009
J1904-05
ANNUAL REPORT. Report for 1904-05 was in V. 81, p. 1370. Soft
coal tonnage in year 1904-05 was 778,325 (38 % of total tonnage)
Year ending June 30
1905.
1904.
1903.
1902.
Miles oper. June 30
558
558
558
558
Gross earnings
$2,588,300 $2,377,105 $2,405,543 $2,543,350
Net earnings (over taxes)
460,218
425,135
438,553
437,549
Tot. net rcc'ts (incl. rents)
601,438
500,007
555,968
506,929
Interest, rentals, &c
738,511
641,739
554,324
504,014
1
HISTORY. — Reorganization
—
—
—
—
—
Balance,
surplus.
..def.$77,073def.$81,132
$1,644
$2,915
JACKSONVILLE TERMINAL RY. — Owns
union freight and passenger
depots (the latter opened Feb. 1 1895) and terminal properties at Jacksonville, Fla., including 20 miles of track, used by Atl. Coast Line RR., Seaboard Air Line and Florida East Coast Ry., which companies guarantee by
endorsement the prln. and int. of above bonds, and own the entire stock.
Georgia Southern & Florida Ry. also uses depot. V. 71, p. 135. For year
1904-05, gross, $143,881; net, $19,381; other income, $25,743; deductions,
$36,304.
— (V. 71. p.
135.)
JAMESTOWN CHAUTAUQUA & LAKE ERIE RY.— Jamestown
to
Westfield, 31 miles; branches, 6 m.
trackage, 1 m.; total, 38 miles. Incorporated In Sept. 1900 and purchased the stock and about 95
of the $250,000 bonds (5s) of the Jamestown & Chautauqua Ry. and entire stock of
Chautauqua Steamboat Co., operating 11 steamers on Chautauqua Lake.
Stock, $600,000, all common.
Year ending June 30 1905, gross, $80,375;
net, $3,502: other Income, $410: charges, $33,727; bal., def., $29 805.
Pres., F. L. Chase.
(V. 76, p. 212.)
;
%
—
JEFFERSON RR. — Owns
Lanesboro, Pa., to Carbondale, Pa., 37 miles
double track; branch, Hawley, Pa., to Honesdale, Pa., 8 miles. Leased
In perpetuity to the Erie RR. Co. for $140,000 per annum for main line
and $14,940 for branch. Used by Delaware & Hudson to reach Carbondale
all owned by Erie RR.
JOLIET & NORTHERN INDIANA RR.— Owns
Stock, $2,095,450-
Station, Inti., 45 miles.
Central Stock ($300,000)
pfr annum.
dends of 5
%
,
Road opened
all owned by
Joliet,
.
i
*$1 ,851,630
Balanct
def. (400, 191
.ai.ie, $139,696; prln. ol equip, obllg'ns, $80,300: 1m
Are., $258,239.— (V. 78. p. 48, 229, 2x7. 089, 1109, 1168.)
to
111.,
Lake
1854 and leased to the Michigan
the Michigan Central, carries divi-
In
(V. 76, p. 752.)
JONESBORO LAKE CITY & EASTERN RR — V. 81, p. 1100, 1665.
JUNCTION RR. (Philadelphia). — Owns Belmont, Pa., to Gray's Ferry,
Pa., about 3 miles. Leased for 50 years, from March 1 1899 to Phila. Bait.
& Wash.; lessee to pay fixed charges; keep road In repair and pay bond
Interest and 6
on stock; bonds are also endorsed with guaranty of Pennsylvania, Phlla. Wilm. & Bait, and Philadelphia & Reading roads, made
prior to lease.
Stock, $250,000 (par, $50): now all held by Phlla. Bait. &
Wash, and the Pennsylvania, V. 68, p. 428. (V. 68, p. 428.)
%
—
Map Toledo & Ohio
— (See & Ohio, 177 miles, Central.) —
Owns Corning, O., to Gauley on the
KANAWHA & MICHIGAN
RY.
Cites.
less 18 miles,
to Gallipolis. and 1 mile, Athens to Armltage, where Hocking
Also owns branch of 11 miles leased to Toledo
Val. Ry. tracks are used.
& Ohio Central and Col. Sandusky & Hocking Ry. companies.
HISTORY, &c. Reorganization In April 1890 of the Kanawha & Ohio
Ry. sold in foreclosure. (V. 50, p. 451. 483.) In Oct. 1890 a majority
In the stock was acquired by the Tol. & Ohio Cent., which has guaranteed
(See V. 52. p. 165, 351 .)
the bonds, principal and Interest.
Capital stock,
$10,000,000 ($1,000,000 In treasury July 1905). The 1st mtge. bonds are
limited only to $15,000 per mile of road constructed.
On June 30 1905, In
addition to car trusts shown above, there were obligations on contract equipequipment and betterment loan, $1,095,000.
ment, $291,600; special
Pomeroy
—
LATEST EARNS. — 11
mos.,1 1905-06. .Gross, $1,960,867; net. $493,075
July 1 to May 31.
1 ,015,296; net
222.170
J 1904-05. .Gross,
over 11 mos. charges, $281,340, against $10,703 surplus In 1904-05
Surp.
REPORT. Report for year 1904-05 was In V. 81, p. 1171, showing
gross, $1,704,174; net, $306,406; other Income, $8,958: Interest, taxes. &c,
(V. 82, p. 986, 1102, 1268, 1496.)
$302,191; balance, surplus, $13,173.
,
—
—
KANSAS CITY BELT RY.— From
Argentine to Valley of Blue River. 10
miles.
Stock authorized, $2,500,000 (par, $100); outstanding, $550,000
(par, $100); owned one-half by Atchison Topeka & Santa Fe and three-
tenths by Kansas City Fort Scott & Memphis and two-tenths by Chicago
Milwaukee & St. Paul. Double-tracked and used for a terminal road at
Kansas City, being leased for 99 years from 1888 to C. M. & St. Paul and
Atchison Top. & S. Fe (jointly with other companies) for payment In each
per annum of cost of property used with equal proportion of cost
case of 3
of conducting transportation and maintenance according to wheelage.
The
The Chicago Rock Island & Pacific Ry. contracted
mtge. Is for$2,500,000.
to use the facilities.
V. 78, p. 1440. To be acquired In the Kansas City
Terminal RR. Association, Incorporated ,lul.\ 11 1906, with $25,000,000
stock, $4,000,000 of its bonds to be reserved tn pay for the road and retire
For year ending June 30 1905. gross. $381 .717:
the bonds.
V. 83, p. 95.
Bet, $132,400; Interest, taxes, Ac.. $172,020; balance, deficit, (39,560,
%
— (V. 78, p.
1440.)
KANSAS CITY CLINTON & SPRINOFIELD RY.— Owns
from Olathe,
Kan., to Ash Grove, Mo., 154 miles; Raymore Jet. to Pleasant Hill, Mo.,
8 m.; Arcadia, Kan., to Springfield, Mo., 85 in. (acquired Sept. 1901 from
Kan. City Ft Scott & Mem. RR.); total, 247 miles. Stock. $1,775,400.
Bonds were guaranteed by the Kan. City It. Scott & Mem. RR. (old co.)
Under purchase from K. C. Ft. S. & M.. $2,000,000 6 % bonds of that co.
were assumed. For year ending June 30 1905, gross, $396,861; net. $154,749; oth. Inc., $309; chgs., (809,497; bal., def., $154,439.
—
(V. 73, p. 723.)
KANSAS CITY FORT SCOTT & MEMPHIS R Y.— (See Maps
Rock Island
Operates Kansas City. Mo., to Memphis, Tcnn., and branches. 916 m.,
Including trackage 85 m. from Arcadia to Springfield, Mo., owned bv K C.
Clinton & Sprlnglleld Ry. (which sec above)
Also has a controlling interest
In stock of the K C. Mem. & Iilrin. RR., owning line from Memphis, Tcnn.,
to Birmingham, Ala., with branch, 285 in., and of Kan City A Memphis
Ry, & Bridge Co., owning bridge across Mississippi River at Memphis,
Total, 1,201 miles.
3 miles.
ORGANIZATION. incorporated on June 11 1901 anil Is vested with
the property of the former Kansas City Ft. S. & Mem. Railroad Other than
he 85 miles from Arcadia to Spi lnglleld, sold to the Kansas City Clinton
Y. 72. p. 1237.
See V. 72. p. 438,
Springfield; also controls other mileage.
The St. i.ouis & San Francisco i<n. owns the entire stock
532, 675, 988.
leases in- road, guaranteeing the bonds of 1901, principal and inter cm,
and
ami % on preferred stock trust certificates,
stock. Common authorized, (46,000.000; outstanding, $15,000,000,
The pier, stock (815,000,000
ail owned bj St. Louis <t San Francisco RR.
authorized, of which $1;1,610,000 s outstanding, par $1001 is deposited in
i,,u
and against if are issued trust certificates of the St, 1.. &San v. RR.,
the latter having the option to retire the certificates al any time at par.
and obligating iiseif to pay otr the whole Issue In 20 years from date (Oct,
1901), meanwhile obligating it.self to pay quarterij di\ idends of ". thereon.
See V. 72. p. 1238.
Co.)
—
.
.
.
—
1
<lfc
i
1
i
u
Oska-
loosa, la., thence northerly to Albert Lea, Minn., forming a through line
via Minn. & St. Louis RR. from Peoria, 111., to St. Paul, Minn.
I
,
[Vol. lxxxiji.
.
.
.
1
JULY,
1906.]
RAILWAY STOCKS AND BONDS.
73
74
RAILWAY STOCKS AND BONDS.
[Vol. lxxxiii.
July,
RAILWAY STOCKS AND BONDS.
1906.J
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
of
on
column headings, &c.
first
see notes
Junction (Philadelphia) 1st M guar p &1 (extended)..
General mortgage gold coupon $750.000
$750,000 gold S I._
Kanawha & Coal River Joint
$15,000 p
Kanawha & Mich 1st
g gu p & l.Ce.c*
—
M
m
Equipment trusts. Series C
Kan Cy Belt 1st ($534,000 guar K C F S & M)_NB c*
Kansas City Clinton & Spring 1st M g guar..NB.c*
—
—mortgage gold
NB
Pleasant Hill & De Soto first
Kan Cy Ft S & Mem RR 1st M gold assumed.. NB
Kansas City Fort Scott & Memphis Ry
$60,000,000 gold guar p & 1 end_.xMe.c*&r
Ref
Underlying Bonds
land gr s f dr 'n at 1 10. .c*
Kans Cy Ft S & G 1st
c*
Memphis K & Col first mortgage
first mortgage
c*
Kansas & Missouri
City Ft Scott & Memphis RR cons M.NB.c*
Kansas
NB
guar
1st
$20,000 p
Current Rver
Kansas Cy & M Ry & Bdge 1st M g s f drawn at 1 10c*
call at par
Fort Scott Equipment Co 1st
guar $1,000,000 call at par
Ozark Equip Co 1st
Mem & Birm gen $4,500,000 cur.. OB c*
Kan Cy
M
M
RR
M
RR
M
Date
of
of
m
M
M
OB.c*
Income non-cumulative
do stamped fixed Interest redeem text
Blrm Belt 1st M gold red 102)4 guar p & end.. OB
Equipment notes Series A due $65,000 semi-annually
Ser B $85,000 due s-a (V 81, p 1044). _Ba
do
Kansas City Mexico & Orient 1st M gold (see text)
Kansas City Outer Belt & Electric— 1st M $3,000,000 g
Kansas City Southern Stock common $30,000,000..
i
2.96
2.96
15
164
"16
162
34
85
—
non-cumulative
4%
Par
1,000
1,000
500
1,000
160
50
1879
1884
1882
1888
1887
1889
1899
1900
1894
1894
1894
1902
1905
1905
1901
1903
26
82
3
285
285
285
21
Outstanding
$1,000
1,000
1,000
1,000
1901
719
Amount
Value.
1882
1900
1904
1890
1902
1886
1885
1877
•830
—
Preferred stock
Size, or
Road. Bonds.
page of tables.
—
M
75
1,000
Me.c*&r
mortgage gold $30,000,000
Improvement mort $10,000,000 gold redeem at 105
Coll trust notes $5,100,000 gold redeem at par
Equipment notes gold red par due $72,000 s-an.-N
4K
3A
$425,000
300,000
750,000
2,469,000
1,306,250
2,250,000
3,192,000
58,000
2,000,000
l
5g
4g
5g
7 S
6g
2,056,000
1,000
492,000
1,000
390,000
1,000 yl3,736,000
1,000
1,606,000
1,000 b3, 000 ,000
1,000
100,000
1,000
430,000
500 &c
3,323,390
1,000
1,000
1,000
1,000
1900
1906
1906
1905
1,000
&c
"Y,666
g
7
7
5
6
5
5g
6
5
4
5
398,780
5,924,000
1,000,000
1,105,000
1,445,000
5,242,000
2,000,000
30,000,000
21,000,000
30,000,000
See text.
5,100,000
1,368,000
5
4g
4H
g
4V2 S
4g
4g
Whom
J
A & O
M & S
A & O
&
& O
& o
M & N
A & O
& D
J
M & S
F & A
M & N
A & O
A & O
J
4 J
M & N
M & S
March
M & S
A & O
J
& J
F & A
F & A
A & O
g
& J
& N
J
S
M
When Due
Dividend.
Broad St Station, Phila July
do
do
April
1907
1930
1924
April 1 1990
May 1 1912
Office, 50 State St. Bost July 1 1916
Old Colony Trust. Boston Oct 1 1925
do
do
Oct
1907
St Louis, Mo
May 1 1928
1
1
Bankers' Trust Co.
Central Trust Co, N
N Y
Y
Sept
1
Mercantile Trust Co.
NY
Oct
1
1936
June
1
Sept
1908J
1
1910
19223
1928}
1927
1929
1909
Old Colony Trust, Boston
do
do
do
do
Merc Trust, NY; 4 Bost
Old Colony Trust, Boston
Merc Tr Co, N Y; & Bost
Old Colony Tr Co, Boston
do
do
do
do
do
do
do
do
do
do
Blair & Co, New York
do
do
Amer Ex Nat Bk, N Y
U S M & T, 20 Broad, NY
A & O New
3g
*X
5 g
4H
&
J
g
6
4
Where Payable, and by
Payable.
5
100 &c
$21,000,000..
First
%
&c 17,810,000
500 &c
500 &C
When
Rate
—PrinciStocks — Last
Bonds
pal,
Blair
NY
York Trust Co,
&
Co,
Includes (b) $187,000 held alive In sinking funds, y Inclu des $2 ,000,000 assumed by K C CI & Sp.
• Also covers majority of stock of Kansas City Mem phis &
Birmi ngham, 2 85 miles, an d provld es for retl rement of
its
New York
Aug
1
May
1
Oct
Oct
1
1
July
May-Nov 1 1910
Mar 1 1934
Mar 1 1934
Mar 1 1934
Oct
1
To Jan
1922
1915
1
Feb '07-Aug
Feb 1 1951
April
1
'15
1953
April 1 1950
20 years
April 1 1912
Nov '06-Nov
'15
bonds.
l-l
—
BONDS. The refunding bonds of 1901 (limited to $60,000,000) are to
be secured by all property now owned, or hereafter acquired with the proOf the bonds, $11 ,650,000 were subscribed for
ceeds of the refunding Issue.
In June 1901, about $31,025,770 were reserved for exchange against the
face amount of underlying bonds, $3,000,000 for refunding purposes, $5,000,000 for improvements betterments and new equipment at the cumulative rate of $600,000 per annum, and the residue, as well as any bonds
not used or required for refunding purposes, will be reserved for issue for
additional lines and extensions, at not exceeding $22,500 per mile thereof.
As to guaranty on bonds of 1901 see "organization" above. V. 75, p. 853.
See V. 81. p. 559.
In 1902 the K. C. Ft. Scott & Mem. Ry. guaranteed the Interest on all
except $398,780 of the $6,322,780 K. C. Mem. & Birm. Income bonds, beginning March 1, the bonds so guaranteed being stamped with a provision
making them subject to call at any time within 10 years from Sept. 1 1902
V. 74, p. 477, 577. Equipment notes additional to
at 93 and Interest.
those In table above, $65,510 fives due quarterly Juy 1 1904 to Oct. 1 1908.
Birmingham Belt bonds are guaranteed, principal and interest, jointly by
Kansas City Memphis & Birm. and St. L. & San Fran. V. 75, p. 1147.
(V. 81, p. 264, 559, 1044; V. 82, p. 987, 1438.)
,
KAN. CITY MEMPHIS & BIR. RR.
Memphis Ry. above
— See
Kansas City Fort Scott &
KANSAS CITY MEXICO & ORIENT RR.— (See Map.)— Projected to
extend from Kansas City, Mo., to Topolobampo Bay, Mexico, on the Pacific
coast, 1,629 miles: also a cut-off from San Angelo to Spoflord Jet., Tex.,
connecting there with Mexican lines for City of Mexico.
In July 1906 over
one-half was graded and several sections aggregating 619 miles were in
operation. This includes 157 miles from Wichita, Kan., to Oakwood, Okla.
and 76 miles from Sweetwater north to Knox City, and between Wichita
and Emporia, Kan. Work will be pushed north from Wichita towards
Kansas City.
•In Mexico a section of 75 miles from the Pacific terminus eastward has
been finished and put in operation and the grading begun on the next section.
A trackage agreement has been made with the Chihuahua & Pacific
for use of its line of 125 miles from Chihuahua westward.
(See V. 71,
In 1907 about 1,100 miles are
p. 181; V. 75, p. 1253; V. 81, p. 1550.)
expected to be in operation, including the Pacific Coast division and
the line from Kansas City to Sweetwater, Tex. about 638 miles, the
latter Including Mo. Pac. trackage between Kansas City and Wichita.
V. 80, p. 871. The company has its own coastwise service from Topolobampo and
the
Hamburg-American SS. Co. has contracted
to establish a
(V. 77, p. 401.)
trans-Pacific line as soon as the railroad is completed.
Liberal subsidies have been granted by the Federal and State governments
In Mexico.
See prospectus, V. 75, p. 1253, and V. 83, p. 95.
The Kansas City Outer Belt & Electric RR. (see that company below)
will, when completed, afford terminal facilities and an entrance into Kansas City.
V. 76, p. 331; V. 80, p. 871.
SECURITIES.— Stock authorized. $20,000 per mile each in common and
non-cumulative 4% pref. stock; outstanding April 1905, pref.. $4,232,400:
com., $2,999,900. Stock is held in a voting trust for 10 years or more.
Bonds (U. S. & Mexican Trust Co., trustee) are issuable at $22,500 per mile.
single main track, $15,000 per mile of yard and terminal track, and $12,000
per mile of double track, constructed or acquired; also, $2,500,000 for extra
work In Sierra Madre Mountains, $5,000,000 for terminal facilities at Kansas
City or Topo obampo, or both, and $10,000,000 for future requirements and
additional rolling stock at not over $1 ,000,000 yearly, beginning Feb.l 1906.
V. 78, p. 102. In Aug. 1905 made an agreement with St. Louis Union
Trust Co. as trustee to secure $2,000,000 car-trust bonds. V. 81, p. 777.
Mexico & Orient Townsite Co. bonds, V. 78, p. 1109, 1113.
OFFICERS.— Pres., A. E. Stllwell: V.-P., Enrique C. Creel, W.
Sylvester, Geo. Crocker and J. S. Bralthwalte; V.-P. and Gen. Mgr., Edward Dickinson: Sec, Neal S. Doran: Treas., W. A. Rule. Among the
directors are George J. Gould, J. T. Odell, Russell Harding W. C. Procter
and Robert C. Clowry. (V. 82, p. 805; V. 83, p. 95.)
KANSAS CITY NORTHWESTERN RR.— Entire stock. $4,016,000
(par. $100), and $2,983,500 "B" bonds were purchased In Nov. 1900 by
Mo. Pac. Ry., which see: also "Supplement" of Jan. 1903.
W
—
KANSAS CITY OUTER BELT (STEAM) & ELECTRIC RR.— This
com-
pany Is constructing a belt line road at Kansas City, the main line, double
track, being 7 miles In length, extending from No. Kansas City to the Kaw
Valley on the west, with bridge across the Missouri River.
Grading to be
completed during 1906.
Will afford an entrance Into Kansas City for the
Kan. City Mex. & Orient Ry., and connect with the various steam roads
entering that city.
Arrangements are also proposed with certain projected
suburban electric roads. Incorporated In 1902 by interests friendly to
Kan. City Mex. & Orient Ry. V. 75, p. 184; V. 76,'p. 331; V. 80, p. 871.
SECURITIES. Stock authorized, $2,500,000 com. and $2,250,000
pref.
The stock will be held In a voting trust of ten members until the full
dividend shall have been paid on the pref. for 5 consecutive years.
See
V. 76. p. 331
Of the $3,000,000 authorized 1st gold 4s (see table above)
$2,000,000 have been sold; the entire cost of construction and equipment
was estimated at not over $2,000,000 In bonds, leaving balance for extensions and Improvements.
(V.75. p. 184; V.76, p 331: V. 80, p 871 2399.)
—
4%
.
—
.
KANSAS CITY SOUTHERN RY —Operates
a line extending from Kanto Port Arthur Texas (thence by Its ship canal, 7 miles, to
deep water on the G'.'lf of Mexico), with branches and extensive terminals
used by various roads entering Kansas City
Lines Owned—
Miles.
Mile*.
Lines Ote net.
Kansas City. Mo., to Belt June . 12 Brandies to Fort Smith, De
Grand View, Mo., to Port Arthur,
etc
51
Cu'ncv, I a.,
Tex
..
765 Irackngi- To irand View, Mo
11
sas City.
Mo
,
Total
.839
Also owns entire $650,000 each of stock and bonds of Arkansas Western
Ry.. Waldron to Heavener, Ark., 32 miles, operated separately; also conote]K.|C.!Shreveport &lGulf Terminal Co. -V.lsl', p. 332.fEIn July 1906
Port Arthur Canal was about to be transferred to the Government Port
Arthur being made a port of entry. V. 83, p. 38.
•y tL;_
ORGANIZATION. A reorganization of Kansas City Pittsburgh & Gulf
RR., foreclosed In 1900 per plan V. 69, p. 1012, 1062. V. 73, p. 1356;
V. 74, p. 94. As to control, see V. 80, p. 997.
The voting trust having expired April 1 1905, a new management was
elected in May 1905.
Extensions are to be built, including one to New
Orleans.
V. 80, p. 1971; V. 81, p. 559.
SECURITIES. The stockholders on March 19 1906 authorized an Issue
of $10,000,000 of 4Y % 20-year improvement bonds, of which $6,000,000
3
deposited as collateral for $5,100,000 six-year 5% notes, proceeds to be
used for improvements and equipment. The notes, which have been underwritten, were offered to stockholders pro rata at 95, payable April 2 1906,
or optionally 40 % April 2. 30 % July 2 and 25 % Oct. 1 1906.
See V. 82,
p. 334, 332, 692. Car trusts, V. 81, p, 1610.
LATEST EARNINGS. 11905-06.. .Gross, $7,090,909; net, $1,771,067
11 mos., July 1 to May 31.. J 1904-05. ..Gross, 6,486.959; net. 1.597,132
Statement covering operations from April 1 1900 (termination of receivership) to Dec. 31 1904 was given at length in V. 80, p. 1370. Report for
year ending June 30 1905 in V. 82, p. 332.
1904-05.
1903-04.
1902-03.
Gross earnings
$6,627,753 $6,450,320 $6,010.458Operating expenses
4,894,140
4,549.179
4,358,809
•
J
—
—
—
Net earnings
Total net Income
$1,733,613
$1,837,801
153,150
899,980
49,459
125,020
Interest
on bonds
Miscellaneous
Deferred renewals
$1 901,141
976,794
150,254
899,989
73,528
$1,651,649
$1 731,452
151,416
899.985
27,681
$610,192
Taxes
$853,023
$652,370
Balance, surplus
51
DIRECTORS.— Chairman, Hermann
Pres., H. R. Duval;
James
Hugo Blumenthal, Andrew
Sielcken; Pres., J. A. Edson; ViceA. Blair, Walter T. Rosen, D. G. Boissevaln,
J. Miller and Y. Vanden Berg, L. F. Loree, of
New York; John J. Mitchell of Chicago; S. W. Fordyce and Adolphus Busch
of St. Louis: G. M. Craig, Port Arthur, Tex.; W. F. Harritv. Philadelphia,
Pa.; Sec. is R. B. Sperry.
Office, 25 Broad St.. .\. V.— (V. 83, p. 38.)
KANSAS CITY TERMINAL RR. ASSN.— To own a union passenger
depot and terminal at Kansas City, Mo., with approaches, to be controlled
railroads, viz.:
Chic. R. I. & Pac, Atch. Top. & S. F., Chic. Milw& St. Paul, Chic. & Alton, St. Louis & San Francisco, Union Pacific
Wabash, Chic Burl. & Quincy, Mo. Pacific and Mo. Kansas & Texas.
Incorporated July 11 1906 with $30,000,000 authorized stock. The Kansas
City Belt Ry. will be acquired.
Of the bonds to be authorized, $13,000,000
will be used to pay for the land and terminal facilities and to erect the station, and a further amount of $4,000,000 will be reserved to pav for the
K. C. Belt Ry. and retire Its bonds. V. 83, p. 95. Pres., John M. Egan;
Sec, C. C. Ripley; Treas., E. F. Swlnney. (V. 83, p. 95, 15.').'
by ten
—
KANSAS CITY VIADUCT & TERMINAL RY.— (Sec Map.)— Under
construction, an elevated railway and highway viaduct from about Bluff
and 6th Streets, Kansas City. Mo., to Minnesota Avenue and 4th Street
Kansas City, Kan., connecting the railroad and manufacturing districts
of the two cities, with approaches. Length, 1.6 miles, with minimum width
of 60 feet: material, steel and concrete.
See V. 82, p. 160.
STOCK. Stock authorized and outstanding. $3,000,000 (par of shares
$100), of which a majority is deposited in a voting trust for 3 years after
completion of viaduct or until dividends or -)",, have been paid for 2 consecutive years.
Voting trustees: Harvey E. Fisk, John P. Reynolds Jr.,
Francis S. Eaton.
BONDS.— Of the bonds ($3,500,000 authorized Issue), $2,198,000 has
been sold for construction, balance for extensions and Improvements.
Beginning with 1910 a sinking fund amounting to
of gross receipts for
preceding year is to be paid July 1 to retire bonds on satisfactory terms:
otherwise to be Invested.
Pres., John M. Egan; Vlce-Prcs. and Gen. Mgr.. H. L. Harmon: Sec.
E. E. Ball; 2d Vlce-Pres. and Treas., J. P. Reynolds Jr.
V. 82, p. 160.
KENTUCKY & INDIANA BRIDGE & RR. CO.— Owns steel cantilever
bridge over the Ohio River at Louisville and 5 miles of railroad between
Louisville, Ky., and New Albany, Ind.. and 5 miles of belt line In Louisville; also owns Louisville & New Albany Ferry Co.
Successor Jan. 31 1900
to Kentucky & Indiana Bridge Co., sold In foreclosure subject to the
$1,000,000 first mortgage. The Southern Ry., Baltimore <fc Ohio Southwestern (B & O.) and Chicago Indianapolis & Louisville own the $75,000
capital stock, and pay monthly. In proportion to cars handled, any deficit in
operations. Of the $2,500,000 first consol. 4s, $1,000,000 were reserved to
retire the old 5s at maturity and $500,000 for improvements and betterments. V. 71, p. 492.
EARNINGS. For year ending June 30 1905. gross. $262,933: deficit
under Interest charges, etc., $203,267.
Pres., W. II. MeDoel: Sec. and
Treas.. H. W. Heazlltt; Gen. Mgr.. W. M. Mitchell.— (V. 71, p. 287. 342.)
KENTUCKY & OHIO BRIDdE CO.— V. 81, p. 1492. V. 82, p. 1379.
—
6%
—
—
KENTUCKY & TENNESSEE RY.— See page 179.
KEOKUK & HAMILTON BRIDGE CO. — Owns bridge across
River at Keokuk,
.Mississippi
and foot passengers. The property was
originally leased to four companies, but onlv two companies now use It.
being the Toledo Peoria & Western and th(
Regarding
guaranty, see V. 59. p. 969. On judgment of 1889 $203,000 has been collected: on Judgment of 1HD1. $141'. ooo
awarded.
n \prll 1901 $i )'
V. 72, p. 821. Stock. $1.1100,011:1: par, $1011
Coupons arc In default, but
mortgage has never been foreclosed, and part of overdue Interest is paid as
earnings permit.
Last coupon paid v
ad half of No. 14 (due April
1891) In June 19'i6.
1: IRNINGS.
vet. $11 .394;
-Year ending June 30 190."). gro
other Income, $11,343; Interest on bonds etc., $45,0
balance, surplus,
la., for railroads
:
|
•
$7,721.
1903-04. gross. $49,475: net. $32,866.
negle;J|Treas., TbeodorelGUman, 55 William St., N.
In
Pres..
Y
—
Andrew
V. 72. p. 821.)
76
RAILWAY STOCKS AND BONDS.
[Vol. lxxxiii.
July.
RAILWAY STOCKS AND BONDS.
1906.]
Miles
column headings, &c,
on
of
first
see notes
Date
of
Par
Amount
Value.
Outstanding
of
page of tables.
Road. Bonds.
—
—
—
—
Quincy.
$500
— —
—
1
I
—
—
Preferred stock (see text)
M
Youngs to And etc, guar p & (end)
Lake Sup & Ishpem Ry 1st M $1,200,000 g
1st
2
—
New York
KEOKUK
""166
100 &c
1,000
1,000
1,000
— —
—
47
47
20
Un.c
I
s
f..F.c
1884
1896
£6,000
& DES MOINES RY.-Owns trom Keokuk,
DIVIDENDS—
preferred, %
la.,
1
]
None.
H
%
1
1
2
—
KEWEENAW CENTRAL RR.—V.
Des
1H
'05.
None.
yearly; in
RY.
completed Aug.
miles.
Stock authorized, $2,500,000; outstanding, $943,000. The Dawson Grand Forks & Stewart River Ry. Corp., Ltd., owns all the stock and
bonds. V. 82. p. 509.
Bonds, see table above. V. 81, p. 725. Pies.,
J. A. Seybold:
Sec, Andrew Haydon, 19 Elgin St., Ottawa, Can.
(V. 81. p. 725; V. 82, p. 509.)
KONA & KAU RY., HAWAII.— V. 75, p. 289: V.
LAKE ERIE & WESTERN RR.— ROAD.— Owns
76. p. 542.
Sandusky, O.. to
Peoria. 111., 413 miles; branch to Minster, 10 miles; branch, Tndlanapolls to
Michigan City, 159 miles: Fort Wayne to Connersvllle and branch to Rushvllle, 129 miles; total owned, 711 miles; leases Northern Ohio RR., Akron
to Delphos, 162 miles; trackage, 13 miles; total operated, 886 miles.
HISTORY, ETC. Formed In 1887 after foreclosure of the Lake Erie &
Western Railway. (See V. 50. p. 590.)
In 1899, control passed to the
Vanderbilts, and on Jan. 1 1906 the Lake Shore & Michigan Southern
owned $5,940,000 common and $5,930,000 preferred stock. V. 71, p. 1269.
—
DIVIDENDS—
'91. '92. '93-'98.
'99. '00. '01-'O3.
'04. '05. 1906.
4 yearly
3
3
3
Abstract of first mortgage in V. 46, p. 45; of second mortgage
In V. 54, p. 444.
Guarantees $2,500,000 5s Northern Ohio, which see.
EARNINGS. For 6 months ending June 30 (1906 partly estimated):
6mos.
Gross.
Net. Oth. inc. Charges.
Balance.
Div.,pref.
]
On preferred
BONDS.
—
4%
4
J
5 yearly
2
—
1906 ...$2,518,800
1905 ... 2,289,300
$505,300 (1%)$118,400 sur.$2,700
497,700
dcf.4,100
(1 %) 118,400
Annual report for 1905 was in V. 82, p. 802.
$618,300 $8,100
607,900
4,100
ANNUAL REPORT. —
Year ending Dec. 31
Gross earnings
Net (Including other income)
Deduct taxes
—
surplus
1232, 2458;
1904.
1905.
.$5,037,295
1,450,454
257,522
Interest on bonds
543,750
Northern Ohio Interest guaranteed.
125,000
Dividends on preferred stock
(3) 355,200
Rentals and miscellaneous
80,530
Additions and betterments
70,139
1903.
$4,998,010
1,349,675
213,913
543,750
125,000
(3) 355 ,200
56,465
44.658
$5,218,728
1,370,935
208,018
543,750
125,000
(4)473,600
26,589
78,569
$18,313
$11,289
$15,409
V. 81, p. 1789; V. 82, p. 802, 1438.)
LAKE SHORE & MICHIGAN SOUTHERN
R Y.— (See Maps New York
Central.)
Operates from Buffalo to Chicago with branches. The main line
(540 miles) includes 26 miles between Toledo and Palmyra, Mich., under
—
from the Erie & Kalamazoo.
Road owned
directly.
Miles.
Buffalo. N. Y.. to Chicago. 111.. 540
Sundry branches
Entire slock owned.
Detroit & Chicago
Detroit Monroe & Toledo
.
.
Kalamazoo & White Pigeon
Northern Central Michigan
St.
.
Louis
Trunk
Elkhart
&
& A 120 Broadway, N Y
& J Fisk & Robinson, N Y
M & Sj Louisville
A & O Standard Trust Co, N
M & S. Central Tr Co, Chicago
See text. Office, 71 B'way, N Y
A & 0|
do
do
A & OSSWmSt. As earned
& D Office, 40 Wall St, N Y
J
J
& J 45 Broadway, New York
J 30 & D Bk Brit No Am, London
F
Aug
Office, Gr Cent Sta, N
Chase National Bk, N
do
do
Grand Cent Stat'n.-N
do
do
May 2
'04,
Oct
\Vt%
1
April
1
1923
1899
June 1 1921
Jan 1 1912
Dec 31 1924
Y
Y
Y
%
July 16 '06, 1
Jan 1 1937
July 1 1941
July 28 1906 4%
Aug 1906 5 %
June
1997
Sept
1928
May
1931
Aug
1906
Jan
1940
Dec
1989
Dec
1989
April 1906
July 1 1938
Aug 1906 5%
Aug 1 1906 5%
Aug 1906 2H
July 1 1934
Jan 1 1926
do
I
J
Lincoln Nat Bank, N
Grand Cent Station, N
Union Trust Co, N Y
do
do
Farmers L & Tr Co.
1
1927
1934
March 1911
April 1 1950
Sept 1908-1923
1
do
1
Sept
%
N
Leased ('see
Miles.
this Co.)
Kalamazoo A & G. R
58
339 Jamestown & Franklin
51
Mahoning Coal RR
72
26 Erie & Kalamazoo (26 miles) ..Text.
55 Detroit Hillsdale & S W.
37 Fort Wayne & Jackson
61 Detroit Toledo & Milwaukee.
29 Battle Creek & Sturgls
n
Grand total oper. Jan.
Of which owned
1
'06.
—
—
GENERAL
FINANCES. Notning has been charged to construction or
equip, acct since 1883, the outlays charged to operating expenses for new
equip, acct. amounting in 1905 to $3,360,773 and In 1904 to $2,776,034, and
for construction to $3,743,020 In 1905, against $2,781,202, these Items
being exclusive of expenditures for renewals.
Profit and loss surplus Jan. 1
1906, $17,118,973.
EARNINGS. For 6 months ending June 30 (partly estimated):
6 mos.
Gross.
Net.
Other inc.
Charges.
Bal.,sur.
—
—
1906
$20,646,500 $4,157,800 $1,650,000 $3,390,000 $2,417,800
1905
18,166,900
4,322,100
960.000
2,910,000
2.372,100
Dividends of 4°,', call for $1,978,660 during each six months.
ANNUAL REPORT FOR 1905 was In V. 82, p. 749.
Year ending Dec. 31
1904.
1905.
1903.
Total gross earnings
$38,600,810 $35,161,053 $34,768,081
Operating expenses
31,331.510 27,184,280 26,750,993
Net earnings
Net, including other income
Rentals paid
Interest on debt
.$7,269,300
$7,976,772 $8,017,088
$10,787,963 $10,547,742 $10,353,957
1.305,613
1,068,797
1.104,191
3,911,037
3,917,852
3,765.223
1,050,000
1,050 000
960,161
53 ,350
53 ,350
53,350
(8)3,957,320(8)3,957,320(7^)3709.987
Taxes
Dividends on guaranteed stock
Dividends
over dividends
$510,645
— Surplus p. 1375, 1789; V. 82, p. 334, 392, 509, 749,$500,422 83,$761,042
(V. 81,
1438: V.
155.)
p.
LAKE
SYSTEM.— M AHONI NG
SHORE
Youngstown
COAL
RR.— Owns
from
to Andover, O., and branches, 47 miles.
Branch (practically second track) from Doughton to Plymouth, on the Lake Shore. 43
miles, of which 18 miles built by Lake Shore was completed In 1903.
Leased in perpetuity for 40
of gross earnings to Lake Shore, which Jan. 1
1906 owned $865,900
DIVIDENDS.—
On common.
The preferred
%
common and
$399,500 preferred stock.
1/99.
'90.
'91.
J4y
2
5
414
'92.
'94.
'93.
8%
8
8
% guaranteed and
stock certificates are 5
making them redeemable at par
Aug. 1906.
10 yearly.
contain a clause
'95 to
LAKE SUPERIOR TERMINAL & TRANSFER CO.— Owns 16 miles of
track used for transferring cars between the depots and tracks at West
Superior. Wis., of the proprietary companies, viz.. Northern Paeliie. Chic.
St. Paul Minn. & Omaha and Duluth South Shore & Atlantic, which own
the $119,400 stock ($1,200,000 authorized).
Bonds, see table above.
D. M. Phllbln. Pres.. West Superior, Wis.— (V. 82, p. 161.)
,520
1,103
1
V. 69, p. 1237.
New York Chicago & St. Louis road has been controlled by ownership of
stock since 1882, Lake Shore now owning $6,240,000 of Its common.
$6,275,000 of Its second preferred and $2,503,000 of Its first preferred stock.
The company also controls and leases the Mahoning Coal |{R. (see Lake
Shore "System' below) and owns (besides entire stock of proprietary lines)
$5.ooo.l()ii Pittsburgh & L a ue Erie stock: (18,752,700 of the $35,597,600
Cleve. ('In. ChlC. & St. Louis common stock- also $5,940,000 Of the $11 .840,0(10 common and |5,9S0,000 of the $ll,8.|o.oon Lake Brie & Western
preferred.
V. 71 p.
269; \
p 870- V. H? p. 749.)
Also owns the entire $5,000,000 stock of the Indiana Illinois & [owa lin.
(mostly acquired In 1902).
V. 73, p. 1350; V. 74, p. 41: V. 82, I). 7 10.
In
1901 purchased from surplus earnings $3,200,000 Lehigh Valley Hit. stock
for $1,920,000; total Lehigh stock owned, $5,700,000.
V. 7 1, p. 879.
1
%
7
—
.
—
—
at option of company.
For year ending Dee. 31 1905, rental. $911,235; surplus over Interest
and 10% on common and 5 % on preferred, $605,524. (V. 66, p. 897.)
Of the road 535 miles has double track.
By control of •Nickel Plate" the Lake Shore has still another line from
Buffalo to Chicago.
Operates Dunkirk Allegheny Valley & Pittsburgh,
Dunkirk. N. Y.. to Tltusvllle. Pa., 91 miles, since Oct. 1 1901 for account
of New York Central.
(V. 73, p. 663.)
Leases portion of Detroit Toledo &
Milwaukee RR.. extending from Dundee to Homer, Mich.. 66). miles.
V. 74. p. 379: V. 76. p. 1026; V. 82, p. 749.
Owns $3,000,000 stock of the Chicago Indiana & Southern RR.. which
see.
V. 82, p. 803, 867.
Branch from Franklin, Pa., to Brookvllle. 55
miles, was under construction In Jan. 1906.
ORGANIZATION. &C. A consolidation on .Aug. 16 1869. In Feb.
1898 a majority of the capital stock was purchased bv the N.Y.C.& H.R.RR.
which gave in exchange Its 3 H % bonds at the rate of $200 In bonds for
$100 In stock. V. 66. p. 288.
In 1906 $45,289,200 stock had been exchanged.
7777788
—
DIVID'S. V91. '92. '93-97. '98. '99. '00. '01. '02. '03. '04. '05. 1906.
Since'90, p.c.]6y 6H 6 y'rly 6H
8
2
The consol. mtge. of 1897 (United States Trust Co., N. Y., and John T.
Dye of Indianapolis, Ind., trustees), is for $50,000,000 of ZY
gold bonds,
2
tax free, used to retire the several issues of 7s maturing from 1898 to 1903
(see abstract In V. 64, p. 1 182) amounting to $43,192,000, and thebalance,
$6,808,000 in refunding said bonds and for general purposes of the company.
The mtge covers 829.54 m. of main line and branches a considerable portion being double tracked
and 181.11 m. of leased lines. V. 66, p. 1140;
V. 68, p. 1182; V. 73. p. 1264; V. 75, p. 290; V. 77, p. 2035.
Of the $50,000,000 authorized debenture 4s of 1903, $40,000,000 were
sold to pay off the $25,000,000 loan made for the purchase of Reading
stock, which matured Jan. 1904. and floating debt incurred for other acquisitions; balance sold in 1905.
Thev are to be secured by any new mortgage. V. 77, p. 1747, 2035; V. 78, p. 48; V. 80, p. 1912.
In Feb. 1906 $35,000,000 of 25-year 4
bonds of a new issue of $50,000,000 were sold for improvements. V. 82, p. 392.
GUARANTIES. As to guaranties additional to those shown in table
above see Detroit Hillsdale & S. W. and Fort Wayne & Jackson.
•65
•98
66
5
Western
Also owns one-half of the $60,665,000 Reading Co. stock acquired by the
Pennsylvania- Vanderbilt interests, viz., $6,065,000 first preferred, $14,265,000 second preferred and $10,002,500 common stock, the other half
being held by the Baltimore & Ohio. V. 80, p. 1856. As to purchase of
one-sixth interest In majority Hocking Valley Ry. common stock, see that
company. V. 76, p. 102, 158; V. 77, p. 451; V. 83, p. 37.
List of stocks of companies acquired during 1900 to 1905, both inclusive,
see V. 78, p. 48, 1904; V. 80, p. 1852; V. 82, p. 749.
%
80. p. 2219.
— Dawson City to Grand Forks, 12 miles, about
1905. projected from Grand Forks to the Stewart River, 72
KLONDIKE MINES
G &
Dividend.
J
M
to
'94. '95. '96-'98. "99. '00. '01. '02. '03. '04.
95c. 90c.
Rental: In 1904-05 and 1903-04, $137,500 (bond Interest)
1902-03, $156,574.
(V. 68, p. 772.)
Sturgls
Central
Whom.
Central holds $45,289,200 of this.
On
lease
Payable.
%
—
Where Payable, and by
100 11,840 000
100 11,840 000 See text. J
1,000
7,250,000
5g J
3,625 000
1,000
5g J
100 z49,466,500 8 In 1906 J
10
F
100
533,500
1,000 &c 50,000,000
3H g J
4 g
1,000 &c 50,000,000
4 g
1,000 &e 35,000.000
1.000
924,000
7
5
1,000
400,000
3
1,000
79,000
322,000
3 g
1,000
5 .95
100
610,000
840,000
5
1,000
50
300,000
10
50
1,500,000 10 in '06
5
50
661,850
1,500,000
5
1,000
265.000
1,000
6g
Moines, la., 162 miles.
Leased for 45 years from October 1 1878 to the
Chicago Rock Island & Pacific Ry., the lessee to pay 25% of the gross
earnings, but guarantees the Interest (not the principal) on the bonds.
Stock is $1,524,600 8% preferred and $2,600,400 common (par, $100), a
majority of which Is held by the lessee.
Balance,
— (V. 80, p.
When
Rate
4
$150,000
See text.
4'A
1,000,000
5 g
1,069,000
4 g
650,000
6g
1,524,600 See text.
5
2.750,000
8
1,000,000
408,000
5
572,000
3g
6
360,000
1,000
250 &c
1,000
—
—
——
Bonds Principal When Due.
Stocks Last
Size, or
Kansas City St Joseph & Council Bluffs See Chicago Burlin gton &
Kansas City Shrevep & Gulf Terminal 1st M red 105
1897
Kansas City Viaduct & Term 1st Mgsf (text)S.c*&r
1905
Ken & Br & RR Ken & I B 1st M gold assumed..
1881
First consolidated mortgage $2,500,000 gold_.S.c*
1900
Kentucky & Tennessee 1st M $850,000 gold (see text)
1905
Keokuk & Des Moines Preferred stock 8%
162
First mortgage Interest guaranteed C R I & P..c*
162 1878
Keokuk & Hamilton Bridge First mortgage
c
1869
Kewaunee Qreen Bay & Western First mortgage.F.c
37 1891
Kingston & Pembroke First mortgage gold
113 1882
Klondike Mines First mortgage $30,000 per mlle..
12 1905
Knoxville & Ohio See Southern Ry.
Lake Erie & Detroit River See Pere Marquette RR.
Lake Erie & Western Common stock $20,000 p m..
711
Preferred stock 6 % (not cum) ($20,000 per mile)..
711
First mortgage ($10,000 per mile) gold
Ce.c*
711 1887
Second M for $3,625,000 ($5,000 p m) gold
Ce.c
711 1891
Lake Shore & Michigan Southern Stock
Guaranteed 10 % stock (Michigan South & Nor Ind)
First mortgage $50,000,000 gold....
Us.c'&r 1,665 1897
Bonds (not mortgage) $50,000,000 gold...G.c* &r
1903
do
do
$50,000,000 gold
1906
Detroit Monroe & Toledo 1st M (to be paidAng 1) _
55 1876
Kalamazoo & White Pigeon first mortgage guar. Un c
37 1890
Battle Cr & Stur 1st M gold guar p &
(see M Cen)
41 1889
Sturgls Goshen & St Louis 1st M gold p & guar..
36 1889
Kalamazoo Allegan & Gr Rapids stock rental guar
58
First mortgage guaranteed
Un.c
58 1888
Erie & Kalamazoo (leased) stock Toledo to Palmyra
26
Lake Shore System Mahoning Coal RR Stock
47
1
—
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
77
—
LAKE TAHOE RV. & TRANSPORTATION CO.— See Sect. Apr. '00.
LANCASTER OXFORD & SOUTHERN RR. — See page 170
LANSING MANUFACTURERS' RR.— See V. 81. p. 1375; V. 82. p. 692.
LARAMIE HAHN'S PEAK & PACIFIC RY.— Grading completed
from Laramie, Wyo., via Centennial 30 miles, on which 10 miles of
track laid, balance to be operated in 1906; extension proposed from CenStock autennial to Grand Encampment, being balance of 100 miles.
.ooo, all common, practically all Issued; par of shares, $10.
thorized, $9,1
See V. 77, p. 824.)
Bonds being Issued at $8,000 per mile on completion
of 5-mlle sections.
bond Issue was
In April 1906 sale of entire $800,
Fted A. Miller,
reported.
V. 79 p. 968. 2205; V. 82, p. 80
i.V. 77, p. 824; V. 79, p. 968, 1642, 2205; V. 82. p. k
Laramie, Wyo.
,
—
LEAVENWORTH TERMINAL RAILWAY &
BRI DOE.— Owns highway
and railroad bridge (opened .Jan.
1894) 1 ,110 ft. long, over Missouri River
The
at Leavenworth, Kan., and valuable terminal property In that city.
contains a s. f. provision.
Kansas City St. Joseph & C. B. (Chi'
and ChlC R. I.
use the bridge at an annual rental of $16,000
B. & Q.)
P.
n from Sept.
each.undi
ar contract from 1894, and Chic.
1
,
.N:
(
'95, for 30 yrs.: rental $1 1.250. For year '04-05, gross, $51 ,790; net,
641; Int. on bds., $30,000; bal..def.,$3.359. Stock. $600,000.—
1
I
BHIOH
ft
HI DSON RIVER
RY.— Owns
RR., 63
— no bonds Issued)
to Belvldere, \. J., on the Pennsylvania
\{U. ititlre stock owned
Orange County
•
">rt,
fro
miles.
on Erie
I
194.)
RR.
Proprietary lines
,
Hudson
Jet. to
78
RAILWAY STOCKS AND BONDS.
[Vol. lxxxiii.
July,
RAILWAY STOCKS AND BONDS.
1906. j
Miles
column headings, &c,
of
on
first
page of
see notes
of
—
——
28
5
—
3
42
63
15
22
63
—
—
..
—
Second mortgage
_-
. .
15
All
101
101
r
Mlcoupon &
reg $4,762,000 4Hs..c&r
FP
$40,000,000Jannulty $2,538,000 are 4^s
GP.c'&r..
General consol
$150,000,000 gold
text.GP c*&r
Collateral trust bonds $19,000,000 see
M
1
4611
_Mp.c*&r
& N Y 1st M gold guar p &
Leh Valof N Y 1st M gold guar p & (end) - QP.c'&r
Lehigh Val Term 1st M gold guar p & end_Ce.c*&r
Easton & Amboy 1st M Easton to Perth Amboy guar
Easton & Nor 1st M gold guar by Leh Val.OP.c'&r
Lehigh
1
i
i
Middlesex Valley
1st
Par
Amount
Value.
of
16
M
$600,000 gold
Ce.c*
Penn&NYCan&RR — Cons gu (text) p&i
(end).GP.r
Ce.c*
Elmlra Cortland & Nor 1st pref M gold
Ce
First mortgage gold guaranteed p & i (end)
Morris Canal stock 4% guaranteed 999 years
Preferred stock 10% guaranteed 999 years
117
283
31
60
12
22
119
119
Outstanding
1901
1905
1905
1904
1893
1881
1887
1879
1881
1890
1906
1895
1902
1904
1903
1,666
1,000
1,000
1,000
500 &c
500 &c
1,000
1,000
1,000
1,000
1,000
1,000
1868
1870
1873
1873
1903
1905
1895
1890
1891
1880
L895
1892
1888
1884
1884
50
50
1,000
1,000
1,000
1,000
1,000 &c
1,000
1.000
1,000
1,000
1,000
500 &c
1,000
1,000
1,000
1,000
100
150
Stock, $1,340,000; par, $100.
p. 568; V. 78, p. 2384; V. 79, p. 269.
BONDS. Of the $1,124,000 gen. mtge. bonds out, $1,062,000 are guar,
jointly, p. and i., by the Central RR. of N. J. and Leh. Coal & Nav. Co. An
additional $1,535,000 are reserved to take up prior liens and $330,000 for
extensions or acquisitions of connecting roads.
See form of guaranty,
&c. in V. 67, p. 788. Equipment 5s June 30 1905, $170,000. Equipment trust 4Hs, V. 83, p. 96.
9 mos. ,1 1905-06
Gross, $462,855; net, $170,543
Gross, 326,095i net, 106,533
I July 1 to Mch. 31. J1904-05
—
EARNINGS.—
ANNUAL REPORT. — Incl.
in 1904-05.
Orange County RR.
V. 82, p. 449.
Bal.,sur.
&c.
1905
$481,772
$166,523
$145,027
$21,496
1904
509,408
196,845
172,408
24,437
Lewis A. Riley, Pres., Philadelphia, Pa.
New directors, Dec. 1904,
V. 79, p. 2642.— (V. 81, p. 1791; V. 82, p. 449; V. 83, p. 96.)
LEHIGH & NEW ENGLAND RR. Operates road from Slatington, Pa.,
to Campbell Hall, N. Y., 95 m., Bethlehem to Bangor, Pa., 31 m.; Bath to
Martin's Creek, Pa., 20 m.; branches, 32 m.; total, 178 m., of which two sections, aggregating 35 m., are trackage, leaving 143 m. owned.
V. 79, p.
2642.
In Jan. 1904 Lehigh Coal & Navigation Co. acquired control.
V. 78. p. 229, 1781, 1962.
SECURITIES. Stock is $1,500,000; outstanding, $1,000,000; par, $50.
Of the consols of 1903 ($3,000,000) $1,300,000 is issuable to retire underlying bonds, the remainder for extensions and improvements; trustee,
City Trust, Safe Deposit & Surety Co. of Philadelphia.
V. 77, p. 951.
EARNINGS. For year ending June 30 1905 (131 miles) gross, $326,433;
Year end. June 30.
Net.
Gross.
Int., tax,
—
—
—
,
net, $129,426; charges, $114,320; balance, surplus, $15,106.
Pres., W. Jay
Turner; V.-P.. Lewis A. Riley; Sec. and/Treas., H. F. Baker.
(V. 78, p.
—
1962; V. 79, p. 2642.)
VALLEY RR.—
LEHIGH
(See Map.)— Jersey City, N. J., opposite N. Y.
City, to Buffalo, N. Y., 450 miles, with branches, viz.
Fee or Entire Stock Owned
Lehigh & N. Y., Pa. State line
I^Iiles
to No. Fair Haven, N. Y
115
Buffalo, N. Y., to Sayre, Pa- _.
181 Other
70
Wllkesbarre, Pa., to Jersey
Leased
—
—
174 State Line & Sullivan
139 Other
497 Trackage to Susp. Bridge, &c._
City
Elmira Cortland & Nor*
Branches
Pa. & N. Y., Wllkesbarre to Pa.
State line (with 43 miles
*24
HISTORY,
—
owned, see V. 66, p. 187.
In October 1905 the entire capital stock of Coxe Bros. & Co., owning extensive coal properties in Luzerne and Carbon counties, Pa., and of the
Delaware Susquehanna & Schuylkill RR., extending from Drlfton to
Gowen, Pa., 31 miles, with branches, 17 miles, were acquired. See
"Finances" below. V. 81, p. 1175, 1242, 1376; V. 82, p. 100.
COAL PROPERTY.— The Lehigh Valley RR. Co. owns 3.619 acres of
coal lands and all the ($650,000) stock of the Lehigh Valley Coal Co., which
In December 1893 owned anthracite coal and surface lands:
ties
Owned
Total acres.
in fee
Coal acres.
7,242
Esl'd yield.
15,217
124,000.000
8,123
5,741
111,000,000
47,000,000
1,708
1,708
Controls through stock owned
9.229
4,519
50,000,000
•Collieries 54, dally capacity about 30.000 tons.
The
(V. 62, p. 364.)
Hazelton Coal Co. (chartered In 1896) stock Is owned and its $2,000,000
first mortgage 5s also owned and guaranteed
see V. 64, p. 137.
In 1905
purchased lie holdings of Coxe Bros. A: Co. V. 81, p. 1175.
The Coal Co. shipped from collieries owned 5,605,987 tons in 90 t-o:>;
against 4,275,130 tons In 1903-04; total coal tonnage 1904-05 was 7,975,210.
DIVS. COM.
1'87. '88 to '91. '92. '93. '94 to '03.
1904. '05. 1906
Since 188G. P. C.J4H 5 yearly. h\i
4
None.
4
Aug.,1
BONDS. The gen. consol. mtge. of 1903 will secure $150,000,000 bonds,
bearing not to exceed 5% int.. covering the entire road, the stock of the
Lehigh Val. Coal Co. and other stocks owned. Of the bonds, $10,000,000
were issuable at once, $10.0011.000 were reserved to retire $8,516,000 car
trusts, ser. A to G Indus., and $1 ,535,000 coal purchase bonds, $96,000,000
to retire at or before maturity outstanding lixed obligations amounting to
$94,130,000 (Incl. the coll. trust bonds, and $2,000,000 coal trust certificates
of 1902. which were- called
for payment), on payment of which the
general consols will be a first lien on all the property of the system, except
as to $12,600,000 annuity bonds, which are a perpetual charge; the remaining $.14,000.1)00 are issuable at not exceeding $2 000 ooo a year, or
such larger amounts as may be authorized by stockholders, beginning Jan
1906. for acquisitions! terminals, coal properties, equipment, &c.
Old
bonds may. however, be extended If necessary for not over two years.
Provision may be made at the time of Issue of bonds thereunder for the right
to convert Into stock at the pleasure of the holder not over $25. 000, On
any one time. V. 77. p. 824: V 78, p. 287; V. 70, p. 1642; V. 82. p. 1380.
See property covered in V. 81 p. 211.
to collateral trust Is of 1905. see "General Finances" below.
GUARANTIES.— Elmlra Cortland &. Northern RR. This road, with the
Canastota Northern, runs from Elmlra to Canastota and Camden, X. V..
Stock, $2,000,000, Is owned.
140 miles.
V. 62, p 364,1177.
Lehigh Valley Railway Co. of New York.
Owned Buffalo, \. Y.. to near
Say-re, Pa.. 1751m. double track, and branches to Ithaca, Auburn, &c. 106
Perpetually leased
Term
leases
1
—
1
1
.
As
,
—
—
Payable.
%
Whom.
Dividend.
J
o
April
Merc Tr Co. San Fran
Oct
&
& o Farmers Tr Co Lancaster April
& J Union Trust Co, Detroit July
& J Amer Loan & Tr Co, Bost July
& J Central Trust Co, N Y Jan
& J National Exch Bank.l July
,1
(V,
A
A
A
J
J
J
(V,
,
1
A
<*,
&
<v
&
J
&
J
&
J
A &
&
J
&
J
&
J
M &
&
J
&
J
\I
&
F &
M &
&
J
A &
J
,1
M
M
&,
&,
N
Y, and First Nat.
Bk, Warwick, N Y
,1
A & o
1
()
J
J
1)
J 929 Chestnut St, Phlla
do
do
o
do
J Checks mailed
do
J
D Office, 228 So 3d
do
a
u
do
D
do
J
J
N
A
St, Phlla
do
do
do
Philadelphia
228 So 3d St, Phil
Office,
do
do
Philadelphia
Lehigh Valley
RR,
do
do
Office.
Phlla
do
do
228 S 3d St, Phlla
do
1
1
1909
1931
1935
1
1915-'30
1
1929
1923
1911
1917
1911
1912
1920
1
1
1
1
1
1
1
1
'07-'16
1945
1952
1954
1953
1906 2%
1906 5%
June 1 1948
Sept 1 1910
Dec 1 1923
Irredeemable
May 1 2003
Aug '07-Feb '26
Sept 1 1945
July 1 1940
Oct 1 1941
May 1 1920
Nov 1 1935
Nov 1 1942
April 1 1939
April 1 1914
April 1 1914
Aug, 1906 2%
Aug 1906 5%
1
1
July 1
Oct 1
Julyl4
Julyl4
Philadelphia
N
M & N
A & O
A & O
A & ()
V & A
F & A
July
July
July
Jan
do
do
do
do
S Leh Val Office, NY&Phll
J J P Morgan & Co, N Y
O
N
July
July
April
J
When Due.
do
m.; in all 281 m., covered by $15,000,000 mtge of 1890, but In 1903 and
1905 consolidated with other sub. cos.; total mileage now Is 501 miles.
Stock, $11,200,000, all owned by Lehigh Val. RR.
Mortgage abstract V.
V. 77, p. 147, 972; V. 81, p. 784; V. 83, p. 38.
51, p. 114.
Lehigh Valley Terminal Railway.
Owned double-track road from South
Plainneld, N. J., to Jersey City, with about 125 acres at Jersey City and a
large water front there, &c.
Merged in Aug. 1903 with other sub. cos.
In L. V. of N. J., having a total mileage of 119 m., its $12,381,000 outstanding stock ($7,927,000 additional in treasury) being all owned by
Lehigh Val. RR. V. 77, p. 972; V. 53, p. 640, 880; V. 81, p. 784.
Morris Canal. Leased for 999 years and dividends guaranteed. Bonds
all owned by Lehigh Valley.
See V. 50, p. 137.
Pennsylvania & New York Canal & Railroad.—Leased for 99 years from
Dec. 1 1888 to Lehigh Valley, which has assumed its debt and owns all Its
stock.
The consols Include $4,000,000 of 5 per cents, $3,000,000 of
4s, $1,500,000 of 4Ws.
V. 62 p. 950.
Lehigh Valley Coal Co. See "Coal Property" above. V. 81, p. 1726.
Consolidated Real Estate Co.
See V. 78, p. 1223; V. 79, p. 1271. To
June 30 1905 none had been issued.
Seneca County Ry., $500,000 guaranteed bonds, none Issued June 30
1905. See V. 79, p. 1271.
In July 1905 the Lehigh & Lake Erie was authorized to issue $3,000,000
bonds for a terminal line. V. 81, p. 211.
FINANCES. In 1904 dividends were resumed. V. 79, p.
103, 77; V. 80, p. 117.
In Oct. 1904 $15,000,000 4
ref. bonds were sold,
providing about $3,700,000 cash for general capital requirements and for
the retirement of the $7,900,000 mtge. and coll. trust 5 % bonds and $2,000,000
coal trust certificates.
V. 79, p. 1642, 1704, 2205. See
—
—
— —
—
GENERAL
%
5%
"Bonds" above.
The purchase of the stock of Coxe Bros. & Co. ($2,910,150) and of the
Delaware Susquehanna & Schuylkill RR. ($1,500,000) In Oct. 1905 was
financed by an Issue of $19,000,000 coll. trust 4 % bonds, to be retired In
$500,000 semi-annual Instalments beginning Aug. 1907 and secured by
deposit of those stocks.
The bonds are subject to call as a whole at 102 >j
beginning Aug. 1 1912, or In the order of serial numbers. V. 81, p. 1175
1242, 1376; V. 82. p. 100.
EARNINGS. For 11 mos. ending May 31 (exclusive of coal companies):
11 mos.
Net inc.
Gross.
Net.
Other inc. Improvem'ts.
1905-06. _.$29, 616,993 $11,013,687 $419,864 $1,181,854 $10,251,697
1904-05.-- 28,288,373
536,944
1,190,216
10,506,210
11,159,482
ANNUAL REPORT. Fiscal year ends June 30. The report for 1904-05
was given in V. 81, p. 723, 782. See also editorial, p. 753.
—
—
—
1902-03.
1904-05.
1903-04.
$13,530,337 $12,835,076 $10,104,764
11,994,701
11,609,706
-. 12,432,583
3,191,639
3,155,715
3,509,825
1,896,246
1,748,394
1,803,098
Earnings from coal.
Miscellaneous freight-.Passengers
&c
Mall, express,
Total gross..
.$31,275,843 $29,881,738 $26,654,503
18,870,300
18,980,180
18,929,701
Operating expenses
Net earnings..
Other Income
$12,346,141 $11,011,438
453,011
505,477
$7,674,324
604,924
Total Income
Additions and Improvements
$12,799,152 $11,516,915
$1,465,290
$1,411,551
5,083,583
5,217,376
679,813
724,050
32,667
53,286
$8,279,248
$1,266,182
5,111,398
613,405
176,673
$7,406,263
$5,392,889
635,548
$7,261,353
$4,255,560
856,437
$7,167,659
$1,111,589
895,919
$6,028,437
(15)15,945
(3)1,210,044
$5,111,997
$2,007,508
$4,802,448
$5,111,997
$2,007,508
Interest
and
rentals
Taxes.
Miscellaneous
Total deductions.
Net Income
Net Income coal properties
Total net income
Dividends on preferred stock
Dividends on common stock
—
I
—
Where Payable, and by
4
49
Total June 30 1905
1,393
140 Second track
576
&c.
In 1901 the Erie. Lackawanna, Central of New Jersey,
Reading and Vanderbilt Interests entered the directory. V. 72, p. 137. 391.
The Lake Shore & Mich. So. in 1901 purchased $3,200,000 of the stock.
V. 74, p. 883. The Reading Co. on June 30 1905 owned $1,000,000 and the
Central RR. of N. J. $1,500,000 stock.
V. 81, p. 971. For list of securibranches)
When
Rate
6
$195,000
300,000
5g
200,000
5 g
75,000
5 g
80,000
6 g
600,000
5g
800,000
5g
5 g
164,000
145,000
4H
240,000
6
1,124,000
5 g
400,000
4M g
1,000,000
5g
300,000
5g
5
750,000
1,380,000
5 ff
40,334,800 4 In 1906
106,300
10
5,000,000
4g
6,000,000
7
10,400,000 4H & 6
12,600,000 4H & 6
22,000,000
4g
19,000,000
4 g
2,000,000
4g
15,000,000
4H S
10,000,000
5g
6,000,000
5
51,000
4H g
211,000
5 g
8,500,000 4 4i/ ,5
2
750,000
6g
1,250,000
5g
706,700
4
903,600
10
$1,000
100 &c
Maybrook, N. Y.. on Cent. N. E. Ry. (Poughkeepsie Bridge), incl. trackage, a total of 13 m.; S. E. & P. RR., Phillipsburg to Easton, 1 m.; trackage, Penn. RR., Belvidere to Phillipsburg, 13 m.; total oper., 90 miles.
V. 68,
•Central RR. of N. J. and Lehigh Coal & Nav. Co. own control.
Surplus over charges, $61,738, against def. $5,013
Bonds
pal,
Size, or
—
ansing Manufacturers 1st M serial interest rentalAB.c*
Laramie H C & Pac 1st M $800,000 gold
eavenworth Terminal Ry & Bridge 1st M gold-.Ce
ehigh & Hudson River— 1st M gold int red to 5 %.Ce
..
Second mortgage gold
Warwick Valley first mortgage extended In 1900..
__
Second mortgage,
.
Leh & Hud Rlv gen M $3,000,000 g (see text) -Ce.c*
Equip trust certs gold due $40,000 yearly- PeP.c
1st M $1,000,000 gold__FP
ehigh & New England
Northampton 1st M g $300,000 guar red 105-FP.c*
Lehigh & Delaware 1st M not assumed redeem at 105
Consolidated mortgage $3,000,000 gold call at 105.
QP
ehigh Valley Common stock
-OP
Preferred stock 10% (V 79, p 151, 269)
GP.c&r
First mortgage extended in gold in 1898
Consolidat
Date
Road. Bonds.
tables.
ake Superior Term & Transfer 1st M $500,000
L Tahoe Ry & Tr Co 1st Mg $500,000 s f beg 1905
1st M $200,000 gold. .
ancaster Oxford & Southern
—
— PrinciStocks — Last
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
9
Balance, surplus
Pres., E. B. Thomas, 143 Liberty St.. N. Y.: Asst. to Pres.. E. A. Albright: 1st V.-P., J. A. Middleton: Gen. Mgr.. M. B. Cutter: Trcas., W. C.
Alderson; Sec, D. G. Balrd, 228 So. 3d St., Philadelphia; Executive Com.:
Chairman, Eben B. Thomas: Geo. F. Baker, E. T\ Stotesbury, Charles
Steele, H. McK. Twombly and Geo. F. Baer.
Directors
Edward T. Stotesbury, S. P. Wolverton. Joseph Wharton,
Geo. H. McFadden, Charles Steele, Irving A. Stearns, Abraham Nesbltt,
II. MeK. Twombly, Eben B. Thomas, Geo. F. Baker, E. B. Smith. Geo. F.
baer and Robt. C. LIpplncott. (V. 82, p. 138, 1496; V. 83, p. 38.)
—
—
1
LEXINGTON & EASTERN RY. — Owns
from Lexington. Ky., to Jackson.
Ivy., about 92 miles.
Extension from Jackson to Hazard, Ky.. 33 miles,
was proposed In Oct. 1905. Stock, $500,000; par, $100. Reorganized
without foreclosure In 1901 per plan V. 73, p. 663.
BONDS. The 1st mtge. 5s were extended at same rate of Int. to July 1
1911, the company having the right to call and redeem all or any of them at
1901.
All Int. on the gen. mtge. bonds was waived to Auir.
102 and Int.
Int. thereafter to be paid in cash Feb. and Aug. I. as follows: 2% yearly
Deyears, then 3 % for 5 years and 5 % yearly thereafter to maturity.
for
ferred debentures will be Issued from time to time for bal. of the int. not paid
In cash on the gen. mtge. bonds accruing after Aug. 1 1901 such debentures
($375,000 eventually) being payable without Int. whenever the company
shall decide 'either in cash or gen. mtge. bond.'-), but lmmedlatelyflf a
dividend Is declared on stock.
Gross, $481,513; net. $210,.'142
RNINGS.— 11 mos., 1905-06.
•
—
1
.">
.
May
li
,151: net,
miles), '-cross, $469,487; net, I
charges. $136,131; bal., sur., $16,545.
Pre-.. Arthur Cary, LcxIngton.'Ky.
v 7''.. p. 542.)
July
1
to
31.
Year ending June 30 1905
(92
80
RAILWAY STOCKS AND BONDS
Vol. lxxxiii.
July,
RAILWAY STOCKS AND BONDS.
1906.J
Miles
For explanation of column headings, &c,
on first page of tables.
Date
of
of
see notes
—
—
Renewal
—
c
($3,000,000)— V 72, p 184, 241, 1080
West 1st M g gu p & 1 end.SSt
RR & Coal Stock (rental guar)
c*
Long Island Second (now first) mortgage
Consolidated mortgage gold ($3,610,000 are 5s)__Ce
Ce.c*
General mortgage gold
Long Isl RR M on ferry for $2,750,000 gold.. Ce.c*
Stewart Line mortgage of 1932 for $500,000 gold.Ce
Debenture ($1,500,000) gold not subject to call
N*ew York & Flushing first mortgage assumed
Brooklyn & Montauk 1st M ($250,000 are 6s). Ce.c*
Second M gold ass'd Bus Sta to Eastp & brs.Ce.c*
Long Island City & Flushing 1st M assumed
c*
Ce.c*
Consolidated mortgage gold assumed
New York Bay Extension $200,000 1st M assumed
New mortgage
&
— —
—
Size, or
Par
Amount
Value.
Road. Bonds.
Lehigh Valley (Concluded)
GP.r
Snow Shoe first mortgage not guaranteed
Lehigh & Lake Erie first mortgage $3,000,000 auth
L V Coal Co 1st M $12,000,000 g s I not drawn. c*&r
Interest reduced
do
Delano L'd 1st M gold guar s f $30,000 yearly.. GP
Usra
Consol Real Estate 1st M $1,800,000 guar
PeP
Equipment trusts gold due $200,000 yearly
gold Series D due $300,000 yearly
do
gold Series E due $82,000 yearly.
do
gold Series F due $80 ,000 yearly
do
gold Series G due $ 1 00 ,000 yearly
do
gold Series H due $90,000 yearly
do
Maritime mortgage bonds
Lexington & Eastern 1st M g ext in 1901 red 102Ce.c*
Co.r
General mortgage gold
Lime Rock Consolidated refunding mortgage gold..
Litchfield & Madison first mortgage $1,000,000 g..EC
1st M $250,000 gold
Little Falls & Dolgeville
Little Miami
Stock com guar 8 % 99 years P C & St L
Hot Sp
Little Rock
Little Schuylkill Nav
Outstanding
1884
1905
1892
1892
1891
1904
1899
1899
1899
1902
1902
1905
1895
1895
92
12
44
1904
1903
1882
1901
1899
84
84
53
32
155
156
163
1878
1881
1888
1892
1892
1894
1880
1881
1888
1881
1887
1893
~18
"I
76
76
12
19
6
1,000
1,000
1,000
1,000
.000
,000
1,000
1,000
1,000
1,000
1,000
1,000 Ac
1,000
1,000
100 &c
50
1,000
1,000
1,000
50
100 &c
1,000
1,000
1,000
1,000
1,000
1,000
1
000
1,000
1,000
1,000
1,000
road in and around Rockland, Me., 11 m.;
m.; total, 12 m.
Stock, $450,000; controlled by the RocklandRockport Lime Co. of Maine. V. 82, p. 1380. Year ending June 30 1905,
gross, $82,756; net, $37,503; other income, $4,072; charges, $20,574; dlv.
(V.82, p. 1380.)
(4%), $18,000; bal., sur., $3,001. Office, Rockland, Me.
—
Litchfield Jet. to Madison,
111.,
4%
44 m.; trackage, 1 m.; total, 45 m. Stock, common, $500,000; pref.,
non-cum., $500,000; par of shares, $100. Formerly controlled by Chic.
Peoria & St. Louis, but in 1904 control was sold to John R. Walsh and associates of Chicago.
For year ending June 30 '05, gross, $168,849; net, $45,283; int. and taxes, $32,753; bal., sur., $12,530.
Pres., James Duncan,
Alton, 111.; Sec. and Treas., D. M. Cameron.
(V. 79, p. 2456.)
LITTLE FALLS & DOLdEVILLE RR.— Little Falls, N. Y., to Dolgevllle, 10 miles.
V. 75, p. 48. Stock, $250,000. Bonds, see table. For
year ending June 30 1905, gross, $48,143; net, $10,222; charges, $10,131.
Pres. Dumont Clarke; Treas., E. R. Wanckel.
(V. 75, p. 48.)
LITTLE
RR.— Parkersburg, W. Va„ to Palestine, 30 m.,
thence by steamer, 20 m., to Creston; total, 52 m. Stock, $3,000,000 authorized; Issued, $509,500.
In Nov. 1905 the Pittsburgh & Lake Erie acquired the road.
V. 81, p. 1436; V. 82, p. 628.)
LITTLE MI AAV I RR. (See Map Pittsburgh Cincinnati Chicago & St.
Louis.)
Owns Cincinnati, O., to Springfield, O., 84 m.; branch, Xenia, O.,
to Dayton, O.. 16 m.; Dayton, O., to Ind. State line, 38 m.; leases, Columbus & Xenia RR., Xenia, O., to Columbus, O.. 55 m.; Cin. St. Con. RR.,
2 miles; total, 195 miles.
LEASE. On Dec. 1 1869 leased to Pittsburgh Cincinnati & St. Louis
(now Pittsburgh Cincinnati Chicago & St. Louis) for 99 years renewable forever.
The Penn. RR. Co. Is a party to the contract and guarantees Its
faithful execution.
Rental is 8 % on $4,943,100 stock and int. on debt.
Lessee's report shows results to lessee: In 1899, profit, $54,725; 1900, $65,989; 1901, $67,151; in 1902, loss, $92,069; in 1903, loss, $241,593; In 1904,
loss, $133,746; in 1905, loss, $167,692.
Stock authorized, $8,000,000.
Beginning Dec. '99, 1-5 % extra paid each Dec. and June from the surplus
Invested fund, making dlv. 8 2-5 % yearly.
(V. 74, p. 427.)
LITTLE ROCK & HOT SPRINGS WESTERN RR
(See Map Missouri
Pacific.)
Owns Hot Springs to Junction, Ark.. 53 miles, of which Benton
to Little Rock, 23 m., is leased to Choc. Oklahoma & Gulf RR.
V. 68,
Stock, $1,140,000, all owned by St.
p. 85; V. 69, p. 283; V. 73, p. 722.
Louis Iron Mountain & Southern Ry. (Missouri Pacific system) which guar,
the bonds, principal and Interest, by endorsement.
V. 78, p. 583. Year
ending June 30 1905, gross, $218,322: net, $69,105: other income, $21,480;
deductions, $65,362; bal., tur., $25,223. Pres., W. C. Jones.— (V.78,p. 583.)
LITTLE SCHUYLKILL NAVIGATION RR & COAL. Owns from Port
Clinton to Tamanend and Reevesdale, 32 miles.
Re-leased on Dec. 1 1896
to Phlla. & Read. Ry. for 999 years, and rental reduced from 7 % on stock
to 5% gold from Jan. 1 1897.
Dividends: In 1898, 5 14 %; 1899, 5 y %;
2
1900. 5; 1901, 5H: 1902, 5H: 1903, 5%; 1904,5; 1905. 5!^; 1906,5%.
Lessee pays taxes and organization expenses.
(V. 73, p. 554.)
—
—
KANAWHA
—
—
—
—
—
—
,
—
—
LONDON TUBE COMPANIES— See Underground Electric Rys
LONG ISLAND RR — Operates the steam surface roads of Long
Owns —
Long Island City
Long Island City
Sundry branches
Total
Leases
Atlantic
owned
—
Aftfes.l
—
Leases
to Greenport.. 95 N. Y. &
to Montauk... 115 Jamaica
Island.
Miles.
Rockaway Beach Ry*..
12
& So.Shore(V. 78, p. 102) 5
106 N. Y. B'klyn & Man. Beach*... 18
(V. 77, p. 2098.) .316
Avenue RR
North Shore Branch RR
Total Dec. 31 1905
10 Double track
30
(•Which see.)
391
..112
In 1905 45 miles of road were converted electrically.
V. 81, p. 778, 1436.
par. $50; of which Penn. RR. owns $6,797,000.
'82. '83 to '90. *91. '92. '03. '04. '95. '96. None
1
Percent.
l
4 yearly. 4 14
5
5
4
4 since.
J
The refunding 4s of 1903 ($45,000,000 authorized Issue) are secured by a lien on the entire road, subject to the $22,592,000 outstanding old
bonds, to retire which an equal amount Is reserved: remainder, $22,408.000, guar, as to prin. and int. by the Penn. RR., were sold, the proceeds to
be used for various Improvements and additions In connection with the
Pennsylvania tunnels to and through New York City, principally for additional terminal facilities at Bay Ridge and Long Island City and for a double-track connection with the New Haven road, for additional freight and
passenger terminals, tracks, equipment, and to retire old bonds.
V. 78, p.
583. 1549; V. 79, p. 2796; V. 80. p. 1111; V. 81, p. 211: V. 82, p. 868.
In April 1906 an equipment trust was arranged to provide various equipment. V. 82, p. 864.
The unified mortgage is limited to the amount now outstanding. Bonds
are subject to call at 110 In whole or In part on any Interest day.
V. 68,
Mtges. on real estate. $971,088.
p. 618.
V. 76. p. 266.
GUARANTIES. In addition to guaranteed bonds In table above, guar-
STOCK.— $12,000,000;
DIVIDENDS.—
4H
BONDS.—
%
—
antees 5
on $650,000 New York Brooklyn & Manhattan Beach prcf. stock
as part rental: also 4H
on $50,000 P. P. & So. Br. stock and 4^
on
$82,500 of the New York & Coney Island stock.
The Shareholders voted Mch. 14 1006 to guarantee, principal and Interest.
an authorized issue of $10,000,000 4 '.; ";, 40-vear COllat. trust bonds r,
Long Island Consolidated Electrical Companies, a holding company, all of
whose stock Is owned, for the trolley lines owned and controlled. The present issue will provide the cost of acquired and constructed lines, about $2,140,000, and about $500,000 Is expected to be Issued for new lines and extensions during 1906.
See V. 82. p. 100. 864.
IMPORTANT CONNECTIONS.— Construction Is In progress on the
city s extension of its Rapid Transit tunnel from Manhattan under the Fast
River and thence to Flatbush Ave. Station. Brooklyn. V. 75, p. 30. 185.
The Penn. RR. Is also proceeding to build an underground ftunnel) electric
railroad for passenger service from Jersey City, under the Hudson Itlver to
a central passenger station at 33d St. and 7th to 10th avenues, and thence
%
Where Payable, and by
Whom.
Payable.
&
%
10,114,000
5g
1,400,000
4g
1,089,000
5g
5
See text.
600.000
4H e
1,200,000
246,000
4H
240,000
400,000
None Jne 06
4g
125 000
5g
850,000
5g
1, 500,000 See text.
400,000
4g
600,000
5g
250,000
3g
8 2-5
4,943,100
5
1,500,000
2,422,000
3y
2
1,140,000
4g
2,487,850
5g
268,703
7
& 5 g
4,731,000
3,000,000
4g
1,494,000
4H e
4 g
332,000
135,000
5g
125,000
6
& 6 g
1, 000,000
600,000
5g
6
600,000
650,000
5g
5
alOO.OOO
J Philadelphia
Jan
do
do
do
D
&
&
&
&
&
&
&
&
&
&
&
&
Phil
Penn Co
S Prov Life
A
N
A
A
N
J
A
J
N
-M
&
&
&
&
&
!—
&
&
&
&
&
&
&
&
&
&
J
10
N
A
J
J
A
D
S
D
D
S
S
D
N
N
J
When Due.
Dividend.
None Jne 06
1
LITCHFIELD & MADISON RY.— Owns
%
Bonds
pal,
When
Rate
$365,000
$500
LIME ROCK RR. — Owns
trackage,
—PrincU]
Stocks — Last
INTEREST OR DIVIDENDS.
RAILROADS.
—
—
mortgage
81
for I,
& Tr
1
1910
Jan 1 1933
Jan 1 1933
Jan 1 1932
Feb 1 1954
To June 1, 1909
&c
Co, Phila
To
To
To
To
To
Mar
1
Feb
1
1910
1909
do
May 1 1909
do
Aug 1 1910
Feb 1 1913
May 1 1907
J K Tod & Co, New York July 1 1911
See text.
Feb 1 1935
Portland Me.
July 1 1929
52
St, N Y; & Chic Nov 1 1934
Amer Exch Nat Bk
1933
Office, Fosdlck Bldg, CIn Jne 10 '06 2 1-5
Bank of America, N Y
Nov 2 1912
do
do
Feb 1 1951
St Louis and Philadelphia July 1 1930
Office, 410 Walnut, Phlla July 13 1906 23^
U S Mort & Tr Co, N Y Aug 1 1918
do
do&Lon July 1 1931
do
do
June 1 1938
do
do
Mar 1 1922
do
do
June 1 1932
do
do&Lon June 1 1934
do
do
Mar 1 1920
do
do
Mar 1 1911
do
do
June 1 1938
do
do
May 1 1911
do
do
May 1 1937
do
do
Jan 1 1943
Philadelphia
Wm
NY
under the East River to a connection with Long Island RR., and thus with
N. Y. N. H. & H. RR.; see V. 74, p. 830; V. 75, p. 1203. As to Improvements, see V. 80, p. 599, 997- V. 81, p. 31.
LATEST EARNINGS. For 3 mos. ending Mch. 31:
Gross.
Net.
3 months
Oth.inc.
Charges. Bal., def.
$1,404,623 op. def. $163,636 $612,849 $506,440 $57,227
1906
—
—
1905
op. def. 128,074
for calendar year 1905
1,216,726
REPORT. — Report
168,129
464,089 -424,034
in V. 82. p. 864.
Years ending June 30
1904.
1903.
$7,021,378 $6 835,847 $6,440,992
5,792,911
5,591,970
4,787,968
was
Cal. Years
1905.
1904.
Gross earnings
a Operating expenses..
Net earnings
Total net
Interest on
$7,824,987
6,518.047
$1,306,940
$1,975,117
1,424,607
202,714
250,050
44,925
30,292
bonds
Taxes
oRentals...
Miscellaneous
&c
Interest on notes,
.
Balance
sur $22,529
$1,228,467
$1,732,292
1,337,976
183,434
250,050
$1,243,877
$1,545,408
1,168,269
213,835
401.056
2,287
35,167
449
14,772
$1,653,024
$1,990,087
967,065
239,515
442,851
3,381
31,683
def$54,390 def$275,205 sur$305,588
o Operating expenses in 1905 Include $153,411 rentals paid roads operated
for net earnings against $150,619 in 1904, items previously included in digs.
Pres., Ralph Peters: Treas., Henry Tatnall. Broad St. Station, Phlla.
(V. 81, p. 971, 1376, 1436; V. 82, p. 100, 281, 628, 805. 864, 868.)
LORAIN & ASHLAND RR.— Under construction from Lorain, O.,
south through Wellington and Ashland to Black Fork River and thence to
the Ohio River, passing through the Hocking coal fields.
Of this. 25 miles,
to Wellington, to be completed about July 1 and 30 miles additional, via
Ashland to Mansfield, to be built Immediately. Controlled by Joseph Ramsey Jr. and associates. V. 82. p. 628, 805.
LOUISIANA & ARKANSAS RY.— (See Map.)— Hope, Ark., to Jena,
La., 187 miles; extension from Packton southerly to Alexandria, 36 miles,
was opened June 1 1906. Extension proposed from Jena to Natchez, Miss.,
47 miles.
V. 75. p. 135, 1306.
STOCK. Stock (authorized, $7,000,000; outstanding, $3,750,000;
shares par. $100) of which $3,745,000 Is deposited with the Standard Trust
Voting trustees 10 years; William Buchanan. Edward E.
Co. of New York.
Porter, Benj. F. Yoakum. Harvey E. Flsk and Charles L. Pack.
—
,
DIVIDEND.— \y, %
paid Mch. 1906.
first 5s (total limited to $7,000,000) are reserved
and extensions, of which $1,000,000 reserved
Red rivers, and the balance limited to $20,000
per mile of completed railroad.
The entire amount outstanding, but no
part, will be subject to redemption at 110 and interest on any Interest data
Beginning with Sept. 1907, a sinking fund of $55,000
after Sept. 1 1907.
per annum to buy bonds. If possible, at 110 and interest or under; otherwise
to be Invested.
EARNIRGS. 11 mos. ,11905-06
Gross, $956,461; net, $339,551
July 1 to May 31.
Gross, 765.533: net. 204,247
J1904-05
Surplus overcharges, $215,700 In 1905-06, against $185,528 in 1004-05.
REPORT. Report for year ending June 30 1905 was given at length 'n
V. 81. p. 971. 1039. 1050.
Year
Miles. Gross.
Net.
Oth. inc. Charges.
Balance.
1904-05
167
$844,535 $322,823 $20,050 $141,351
$201,522
1903-04
148
704,670
216,875
24,186
125.604
115 457
Pres., Wm. Buchanan. Texarkana. Ark.
(V. 82. p. 628, 1212.)
LOUISIANA & NORTH WEST RR.— Owns Magnolia, Ark., to Natchitoches, La., 115.3 miles: trackage, Magnolia to McNeil, 6.4 m.; total, 121 7
miles.
Late In 1905 control was changed. V. 81 p. 49.
Stock. $3,000,000 authorized, of which $2,300,000 outstanding; par
Car trusts, June 30 1906, $7,517. Trustee of first mtge. bonds.
51(1(1.
Peoples' Trust Co.. Brooklyn, N. Y.
Of the 1st 5s of 1905 '$10,000 000
authorized issue) $150,000 is reserved to retire the old bonds and $425 000
for Improvements, equipment. &c. V. 82, p. 628.
Pres. and Treas. Geo
W. Hunter, St. Louis; V.-P., Hugh C. Brown, Magnolia. Ark.; Sec' John
A. Richardson, Homer La.
(V. 73, p. 057; V. 82, p. 49. 628 )
BONDS. — The
unissued
for betterments, equipment
for bridges across Black and
—
—
—
—
.
.
—
LOUISIANA RAILWAY & NAVIGATION CO.— Owns
Shreveport to
Baton Rouge. 222 miles- also branch from Colfax to Wlnnfleld. 28 m
Branch Is under construction from Camptl to Chestnut, La., 14 m., and from
Alexandria to Jena. Also extension to New Orleans. 79 m., to be completed
about Sept. 1006.
Successor on June 22 1903 of the Shreveport & Rea River Valley Ry. V.
Stock authorized, $12,000,000; outstanding Oct. 1904, $4,885.77. p. 36.
000; par. $100.
Bonds (see table above) are limited to $17,500,000 total
Issue and $23,000 per mile: $300,000 has also been Issued for a bridge over
the Red River at Alexandria; $4,000,000 Is reserved for New Orleans terminals.
See official statement, V. 77, p. 36; V. 77, p. 769.
Pres., Wm. Edenborn. 8 Bridge St., N. Y.: Sec. and Aud., H. B. Helm; Treas.. Clarence El
lerbe, Shreveport, La.
(V. 77. p. 36, 769.)
—
LOUISIANA SOUTHERN R Y— See this Srctlon for July 1905.
LOUISIANA WESTERN RR — (See Map of Southern Pacific.)— Owns
from La f ayette. La to Sabine River. 105 miles; Midland to Eunice. 24 m..
Midland to Abbeville, 35 m.; Mallard Jet. to Lake Arthur, 34 m total,
miles.
Operated Independently, but In connection with Southern Pn<
which owns practically all the $3,360,000 stock. Tn year 1904 05, gross,
$.'',194,347; net. Including other income. $1,013,003: surplus over charges.
$848.77*.— (V. 71 p. 1'68 )
.
:
LOUISVILLE & ATLANTIC RR.— Versailles. Ky
to Beattyvllle Jet..
which Miller's Creek to Beatty"ille,28 m.. opened In Dec. 1902
Stock, $1,000,000- par. $100.
Year ending June 30 19'
(245,753;
net. $37,576; total deductions. $75,0:9: balance, def
$37,453.
Prc«.
I. i\ Anisfen; Sec.
(V. 71. p. 236)
B.M.Wallace Versailles Ky
LOUISVILLE BRIDGE CO.— Owns bridge 5,294 feet long over Ohio Rl v.
at Louisville. Ky., and about 2 miles track additional In Louisville.
L'&ed
.
101 miles, of
—
.
82
RAILWAY STOCKS AND BONDS.
[Vol. lxxxii.
July,
RAILWAY STOCKS AND BONDS.
1906.]
INTEREST OR DIVIDENDS.
RAILROADS.
Date
of
on
column headings, &c,
first
page of
see notes
Par
Amount
Value.
Outstanding
of
Road. Bonds.
tables.
pal,
M
—
—
M
M
M
5
—
%
— ROAD.—
—
—
p.
559.— (V.
5%
62. p. 84.)
LOUISVILLE & NASHVILLE RR.— (See Map.)— ROAD.— Operates
mainline from Cincinnati. O., to New Orleans, La., 921 miles: with branches
to St. Louis, Mo., Memphis, Tenn., &c, 3,180 miles, making total system
proper June 30 1905, 4,101 miles. The system Includes:
Reported separately
Miles.
Lines owned absolutely or through
950
capital stock
Miles. •Nashville Chatt. & St. Louis
571
Louisville to Nashville
181 •Georgia Railroad system
186
Sundry other lines
3,192 •Louis. Hend. & St. Louis
•Chic. Ind. & Louisville
Lines leased, &c.
592
48
•South. & North. Ala.
193 Operated for other companies
Other lines
483 Owned but leased to other cos
21
—
—
—
RR
1
248
Do. Paducah & Mem. Div
Blrm. South, (half stock owned) . 26
Yellow Riv. (all stock owned)
26
•See this company.
Total system proper
4,053
Total of all June 30 1905
6.722
In July 1906 the Birmingham Southern 26 miles, was repurchased by
Tenn. Coal Iron & RR. V. 83, p. 38.
In Apr. 1902 acquired control of the Atlanta Knoxvllle & Northern Ry.,
Knoxvllle, Tenn., to Marietta, Ga., 205 miles, with 25-mile branch and
trackage to Atlanta, Ga., 20 miles, which was merged In June 1904; a connecting line from Jelllco. Tenn., to Knoxville, 66 miles giving direct line
Cincinnati to Atlanta, was completed in April 1905. The Chesapeake &
Nashville, Gallatin, Tenn., to Scottsville, Ky., 35 miles, with branch, 12
miles, was taken over July 1 1906.
V. 83, p. 155.
In Mch. 1904 the Newport & Cincinnati Bridge was purchased. Its $1 ,400,000 bonds being assumed. V. 79, p. 1474. Proposed purchase of South
& North Alabama, V. 80, p. 472, 1235; V. 82, p. 1212, 1440.
ORGANIZATION. Line opened between Louisville and Nashville Nov.
1859.
For securities owned and in sinking fund see V. 81, p. 1119, 1120.
Control by Atlantic Coast Line.
Late in 1902 the Atlantic Coast Line RR.
acquired a majority of the stock (viz., $30,600,000 of the $60,000,000 outstanding), but the roads are operated Independently. V. 74, p. 830, 1038;
—
—
V. 75, p. 733, 1399.
DIV.
—
1
Per cent.
J
—
'83-'87 "88 '89 '90 '91 '92 '93 '94-'98 '99 '00 '01-'04 '05
5 stk 5 stk 6 5
4 4 None
4 5 y'rly. 6
3H
None.
1906
6
BONDS. The Evansv. Hender. &. Nashv. bonds are drawn at 110 by lot
annually in Oct. for payment Dec. 1 In amounts Increasing each five years
until $150,000 per year Is finally reached; In 1905, $75,000.
The Pensacola Division bonds are subject to a drawing sinking fund,
$5,000 till 1900, Inch, then $10,000, and so Increasing.
Of the bonds, $175.000 have been drawn for payment on Sept. 1 1905, by payments to sinking
fund due from Sept. 1889 to 1905, lncl. V. 81, p. 265, 726.
The general mortgage bonds of 1880 are called at 110 In Increasing amounts
each year; $383,000 was paid June 1 1906. V. 82, p. 751.
In June 1890 the "unified" mortgage (trustee. Central Trust Co.) for $75,000,000 was authorized, $41,917,660 bonds being reserved to retire all prior
liens (none of the prior Hens can be extended) the balance for Improvements, extensions (at the rate of $32,000 per mile. Including equipment),
and for other purposes. The mortgage covers (besides about -2,200 miles of
road and equipment), $10,093,300 stock of companies controlled and $3,150,000 bonds free from any lien. See abstract of mortgage In V. 51, p.
613; also V. 72, p. 1034, 1188; V. 77, p. 968.
In Oct. 1905 company reported $57,048,000 outstanding, of which $1,139,000 in treasury, $18,200,000 deposited to secure the coll. trust 4s of 1903 and $147,000 In sinking
funds or deposited for other Issues. See V. 81 p. 1848.
Mobile & Montgomery Louisville & N ashville joint mortgage Is for $5,000,000; $1,000,000 reserved for Improvements. V. 61, p. 196, 750.
Kentucky Central mtge. abstract V. 45, p. 372. South & North Alabama
Improvement 5s, due Aue. 1 1936. $2,000,000 authorized, are owned.
The collateral trust 4s of 1903 ($30,000,000 authorized Issue) are secured by
deposit of $24,000,000 L. & N. unified 4s, $4,779,000 L. & N. Paducah &
Memphis division bonds, the latter covering the road from Paducah, Ky.,
to Memphis, Tenn., 254 miles: $2,500,000 L. & N. Terminal Co. 4s (V. 7."),
p. 1354), $4,121,000 South & North Alabama 5s and $500,000 Pensacola &
Atlantic 6s; total, $36,640,000 bonds.
A proportionate amount of the collateral may be withdrawn at any time on deliverv to the trustee of not less
than $1 ,000,000 of the bonds. V. 76, p. 542; V. 78. p. 287. 1446.
In 1902 the Louisville & Nashville and the Southern Ry. acquired $9,790,900 of the $10,500,000 Chic. Indianapolis & Louisv. com. and $3,873,400 of
the $5,000,000 pref. stock In exchange for their joint 50-vear 4% bonds. V.
,
—
.
Stocks — Last
Whom.
Dividend.
&
&
M &
J
4g
4g
5g
5 g
5g
4^
4H
See text.
5g
5 g
5g
4 34 g
5g
6 g
5g
See text.
5g
4g
J
\l
S
s
Q-
A &
M &
7
6g
6g
4H
6 g
6g
6g
6 g
6g
3g
5g
5g
4g
7
g
rtgage.
U S Mort & Trust Co.N Y
do
do
Am Exch Nat Bank.N Y
U S Mort & Trust Co. NY
do
do
do
s
Semi-an
See text.
M & s Fisk
&
A &
J
&
M &
&
3
M &
J
J
J
Robinson, N Y
Boody, McL & Co, N
&
New York
Farmers' Trust Co,
J S
P Co, 120 B'way,
Jan
1
Mar
Mar
1
1
1945
1949
1949
Oct 1 1932
Oct 1 1935
Sept 1 1927
1926-1931
In 40 years
Mar 15 1906
Sept
Y Jan
April
N Y July
N Y Mar
N Y July
Nl Knickerbocker Tr Co, NY
May
1
1
1
1
1
1
1
1927
1945
1935
1953
1950
1921
1941
1H
Louisville, Ky.
J,Bk of Amer, NY;
See text.
& Louis Jan 1946
SJ P Morgan & Co, N Y Mar 1 1945
A 71 Broadway, New York Aug 10 1906 3%
S
do
do
Mar 1 1907
1)
do
do
Dec 1 1919
1)
do
do
June 1 1930
do
do
Oct 1 1907
N
do
do
Nov 1 1931
O
do
do
April 1 1910
s
do
do
Mar 1 1920
do
Jan 1 1930
J
do
J
do
do
Jan 1 1930
do
S
do
Mar 1 1921
do
s
do
Mar 1 1980
do
N
do
May 1 1937
do
N
do
Nov 1 1931
J
do
do
July 1 1940
.
&
M &
&
M &
&
J
&
J
A &
M &
A &
M &
&
J
J
&
M &
M &
M &
M &
&
3
3
b, c, d
do
do
do
SIR Winthrop & Co.
6 In 1906 V
M
by several railroads P. C. C. & St.L. Ry.. Louisv. & Nashv.. &c. Surplus
earnings are paid back to roads using bridge.
STOCK Is $1,500,000: °enn. Co. owned. Jan. 1 1906. $900,000. DIvs.
1896. 6H %: 1897, 7 %; In 1898, 6 %: in 1899, 3 %; 1900, 8 %; 1901, 6 %:
1902,5%- 1903,13%: 1904,4%; 1905,6%. In Dec. 1903 the suit of the
minority stockholders was settled, $150,000 of the $248,376 recovered
See V. 78, p. 102; V. 79, p. 2747.
For
div.
being distributed as a 10
year ending Dec. 31 1905, gross, $331,569; net, $170,304; dividends '6 %).
$90,000; bal.. sur., $80,304.— (V. 79 d. 2717 >
Louisville
LOUISVILLE HENDERSON & ST. LOUIS RV.
to Henderson, Ky., 142 miles; Irvlngton to Fordsvllle, Ky., 44 miles.
HISTORY. A reorganization June 1 1896 (per plan In V. 62. p. 138).
The Louisville & Nashville In 1904-05 acquired $706,081 preferred and
$1,318,385 common stock. V. 81, p. 1100.
non-cumuSECURITIES. Stock, common, $2,000,000, preferred,
lative, (2,000,000.
V. 62, p. 138.
REPORT for year ending June 30 1905, In V. 81, p. 1312, showed: Gross,
$928,687; net, $240,601; Improvements, $78,988; Interest and taxes,
$135,399; surplus, $25,714. V. 83, p. 155.)
LOUISVILLE & JEFFERSONVILLE BRI DQEiCO— One half mile long
and the approaches one mUe- opened Jan. 1 1896. Also owns about 40 acres
Stock, $1,425,000:
of land In Louisville and 100 acres In Jeffersonvllie.
mtge. is for $5,000,000 (trustee, U. S. Trust Co. of N. Y. and Union Trust
Co. of Indianapolis); bonds for $1,500,000 are reserved for future construction, &c: the bonds are guaranteed by the Ches. & Ohio and Cleve. C.
C. & St. L. roads, In whose Interests the entire stock Is owned. See V. 61
Where Payable, and by
Payable.
%
—
21 1895
first mortgage ass'd
a$315,000
$1,000
Usm.c&r
316 1899
1,000
5,660,000
Unif mortgage gold call at 110
316 1903
500 &c 22,408,000
Refunding M $45,000,000 gold guar p & t.Eq.c*<Scr
Leased and Controlled Lines, Principal or Interest Guar a nteed.
30 1892
1,000 al ,262,000
L I RR No Sh Br cons M $1,425,000 gu p & i.Ce.c*
19 1885
1,000 al, 601, 000
N Y B & Man B 1st cons M $1,726,000 gold guar.Ce
1887
1,000
a883,000
N Y & Rock Beach 1st $984,000 guar p & i..Ce • - - '86-'91
10
1,000
436,000
P P & C I 1st and 2d ($96,000 seconds) guar p & 1
1906
See text.
Long Island Electrical collat trust M $10,000,000
authorized
100
3,750.000
Louisiana & Arkansas Stock $7,000,000
187 1902
1,000
3,390,000
_ S.c* &r
First mortgage $7 ,000 ,000 gold (text)
36 1895
1,000
100,000
Louisiana & Northwest RR First mortgage gold
MStc*
1905
• -1,000
1,725,000
First mortgage $10,000,000 gold.
198 1903
gold (see text) -.F.c&r
1,000
4,865,000
Louisiana Ry & Nav First
45 1897
500
250 000
Louisiana Southern 1st M g red at 105 after '02-Ce.c
Ce.c*
106 1881
1,000
2,240,000
Louisiana Western First mortgage gold
K
101 1901
First M gold $1,000,000
1,000
1,000,000
Louisville & Atlantic
100
Stock
1,500,000
Louisville Bridge Co
500
gold-. Mo
1896
2 500,000
1st
$2,500,000
165
Louisville H & St Louis
1895
1,000
$5,000,000 g gu p&l end..c*
3,500,000
Louisville & Jeff Bridge
100 60 000,000
Stock $60,000,000
Louisville & Nashville
46 1877
1,000
65.000
Cecil to Louis s f drawn at 1 00 . . U n .c*
Cecil Br 1 st
151 1879
1,000
1,600,000
E H & N 1st M Hend to Nash g drawn at 110.. Ce.c*
802 1880
1,000 c7, 46 1,000
Nashv gen M gold drawn at 110.. Ce.c*
Louisville &
175 1877
100 &c
892,000
L C & Lex 2d M s f not drawn Louisv to Newport. c*
175 1881
1,000
3,258,000
Gen mortgage L C & L gold (V 63, p 1010) .Mo.c*
189 1880
1,000 dl, 903 ,000
L & N bonds & S N Ala RR 2d M as coll gold. Un.c*
gold (drawn at 105)
F.c*
45 1880
1,000
e375,000
Pensacola Div 1st
141 1880
1,000
5,000,000
New Orl & Mob Div 1st M N O to Mobile gold. F.c*
141 1880
1,000
c*
1,000,000
Second mortgage gold
208 1881
1,000
3,500 000
Southeastern & St Louis Div first mortgage gold.. c*
208 1881
1,000
2,999,000
Second M gold East St Louis to Evansvllle & br c*
per mile gold.. Us.c*
118 1887
1,000 fl ,749 ,000
First M (50- year 5s) $15,000
F.c*
1888
1,000 g4 ,705 ,000
First M collateral trust ($7,000,000) gold
1890 1,000 &c|b37.064,000
Unified mortgage for $75,000,000 gold.. Ce.c* &r Text.
a In hands of public; total issued shown in left-hand colum n; bala nee unde r unified mo
Princi-
When Due.
When
Rate
Long Island (Concluded)
Montauk Extension $600,000
——
——
——
—
—
Bonds
Size, or
of
Miles
For explanation
83
)
,
e.
f, g,
see foot-note
on nex
t
page.
74, p. 1138; V. 76, p. 593. Of the $15,500,000 joint bonds secured by deposit
of this stock, $1,563,000 are reserved to acquire the remaining "Monon"
stock and $2,110,000 for improvements and enlargements of the "Monon"
at not over $500,000 yearly.
FINANCES. — Since July 1 1894 the "construction account" has been
Amount of permanent Improvements charged In operating ex-
closed.
penses In 1904-05 was $2,562,314; 1903-04, $1,746,184. In Feb. 1904 dividends on Nashville Chatt. & St. Louis stock ($7,177,600 owned) were resumed, and in Feb. 1905 Increased to 5 %.
In 1905 the L. & N. dividend rate was Increased from 5 to 6 %.
The stockholders on Mch. 28 1905 authorized a $50,000,000 mtge. cover-
ing the Atlanta Knoxvllle & Cincinnati division, 507 miles. Including 20
miles of trackage.
Of the bonds, an equal amount will be reserved to retire
at maturity underlying bonds, viz.: Kentucky Central 4s, $6,742,000; Atlanta Knoxvllle & Northern bonds, $1,500,000; Maysville & Lexington Nor.
Div. bonds, $400,000. The line from Livingston to Jelllco, 61 miles, Is subject to prior lien of unified mtge. V. 80, p. 872.
In Jan. 1906 $14,543,000
bonds were Issued, of which $10,000,000 sold: balance held In treasury.
EARNINGS. For half-year ending Dec. 31:
Gross.
6 mos.
Net.
Oth.lnc.
Charges.
Balance.
1905
$21,082,678 $6,234,387 $777,083 $3,482,659 $3,528,811
1904
19,539,365
6,618,564
867,283
3,331,260
4,154,587
Dividends of 3
call for $1 ,800,000 during each of the 6 months, leaving
balance, surplus. $1,728,811, agst. $2,354,587 in 1904.
See V. 82, p. 334.
For 11 months ending May 31 1906, gross, $39,359,116, against $35,787,701 In 1904-05; net, $11,262,551, against $11,320,621.
REPORT. Report for 1904-05 in V. 81, p. 1096, 1112; see also p. 1074.
Year end. June SO
1905.
1904.
1903.
Average mileage
3,826
3,618
3,439
Freight earnings
$27,732,625 $27,348,817 $26,578,621
Passengers
8,619,650
7,643,685
7,044,087
Mail, express, &c
2,164,796
1,951,291
1,826,671
—
—
%
—
—
Gross earnings
Operating expenses
Netearnlngs
Net, lncl. investments, &c
$38,517,071 $36,943,793 $35,449,378
26,490,021
25,141,548 23,970,813
12,027,050
11,802,245 11,478,565
13,654,541
13,437,399 12,601,058
985,365
921,700
844,474
5,476,103
5,613,228
5,184,076
192,990
67,700
217,060
173,042
146,600
144,400
(6)3,600,000 (5)3,000,000 (5)3,000,000
Taxes
Interest and rent
Advances to S. & N. A.,"&c
Sinking fund payments
Dividends
Surplus over dividends
$3,227,040
OFFICERS.— Chairman, Henry Walters, N.
Louisville; 1st V.-P., W. L. Mapother; 2d V.-P.,
N.
Y— (V. 82,
$3,688,171
$3,211,048
Y., Pres., M. H. Smith.
A. W. Morriss, 71 B'way,
p. 324, 392, 751, 1040, 1212; V. 83, p. 38, 155.)
LYKENS VALLEY
RR. & COAL CO.— Owns from Mlllersburg, Pa., to
Williamstown, Pa., 20 miles. Lease to Northern Central Is terminable on
60 days' notice. Rental, $35,000 per annum.
(V. 64, p. 330.)
MACON & BIRMINGHAM RY. Owns Sofkee Jet. to La Grange, Ga.,
97 miles; trackage Sofkee to Macon, Ga., 8 m. Since Feb. 1 1904 operated
by Ga. South. & Fla. officials, although independently. V. 78, p. 584.
For calendar year 1905, gross, $144,530; net, $9,281, against oper. def.
of $844 In 1904.
In year 1904-05, gross, $134,054; net, $8,230; other inc.,
—
—
$402; int., taxes
and
— (V. 82, p. 628.)
— Owns road from Macon via Dub1904 Atlantic Coast Line Interests
rentals, $40,166; bal., def., $31,534.
MACON DUBLIN & SAVANNAH
lin to Vldalla, Ga., 92 miles.
In
acquired all the stock and bonds.
1905, gross, $245,509; net, $74,286.
—
RR.
Oct.
V. 79.
In
— (V. 81,p.p.2085. 1792.year end. June 30
265,
MAINE CENTRAL RR. Line of road, Portland to Vanceboro, Me., via
Augusta, 251 miles; branches, Cumberland Jet. to Skowhegan, via Lewiston,
91 m.; Bath to Lewiston and Farmington, 76 m.; Belfast, Dexter, Bucksport
and Mt. Desert, including ferry (7.7 miles) 132 m.: Portland & Ogdensburg
Ry., Portland, Me., to Lunenberg, 109 m.; small branches, 8 m.; Upper Coos
and Hereford railways, Quebec Jet., N. H., to Lime Ridge, Quebec, 108 m.;
Bath to Rockland (Including steam ferry, 6-10 m.), 49 m.; total, June 30
1905, 824 miles, of which 396 owned, 387 operated under 999-vear leases
and practically owned; 33 m. operated under 50-year leases and 8 miles
,
ferry lines.
In Jan. 1904 the entire stock of the Washington County Rv.. 137 miles,
was purchased, its 3H % bonds (see table above) being guar., prln. and int.,
by end.; but road is oper. separately. V. 78, p. 103, 820, 989: V. 79, p. 2640.
STOCK. Stock for $2,516,000 owned by Boston & Maine. V. 72, p. 988.
—
—
DIVIDENDS. — 1884 to July 1903, 6% yearly; since to July 1906, 7%.
BONDS. There are also $81 ,000 Maine Shore Line 6s assumed, due 1923;
also $100,500 Belfast & Moosehead Lake mtge. bonds, due 1920, not guaranteed. Interest and sinking fund paid out of rental; And. & Ken. stock
bonds, $11,000, exchangeable for M. C. stock; Maine Central Interest scrip
exchangeable for consol. bonds, $8,192. Jointly with B. & M. guarantees
$300,000 Portland Union Station bonds.
ANNUAL REPORT. Report for 1904-05 was'In V. 81. p. 1433.
Year rnd. June 30
1905.
1902.
1904.
1903.
Gross earnings
$7,099,218
$6,773,560 $6,541,160 $6,194,305
Netearnings
1,962,614
1,-125.166
1,432.017
1,432,305
Other Income
237,040
153,857
218.061
iu;),.-!24
— —
•
Net Income
$2,199,666
$631,860
Rents
545.876
Dividends..
(7)348,365
Sinking fund
144, mil
App. Bangor Terminal.
300,000
Chargedoff.
50.000
Interest
$1,650,078
$643,110
545,876
(7)348.348
29.440
$1,625,629
$643,110
,876
(6)208,575
29,440
surplus.
— Bal..79, 1328, 2640; V. $178,871 V. M3.S0S897,
(V.
80, p. 600;
81.
p.
p.
sm*.«28
I433J
$1,579,023
$043,110
545,870
(6)298.566
140
$62,031
84
RAILWAY STOCKS AND BONDS.
VOL. LXXXIII.
July, 1906.
RAILWAY STOCKS AND BONDS.
J
Miles
column headings,
page of tables.
of
on
&c,
Date
of
see notes
of
—
(Concluded)
Louisville & Nashville
c*
call at par after 1908 gold,. Us.
Collateral trust
SSt.c
gold $650,000
St Louis property 1st
Ce.c
Mobile & Montgomery joint mortgage gold
c*
Pen & At first mortgage gold drawn assumed
1st
Henderson Bridge
g drawn at 105_Ce.c*
Nashv Flor & Shefl 1st
g assumed in 1900.. Ce.c
gold sink fd 52,000,000
Sou & Nor Alabama 2d
M
Co—
Consol mortgage
—
M
M
179
160
M
105
189
189
$10,000,000) gold guar.Ce.c*
(for
Par
1903
1891
1895
1881
1881
1887
1880
1886
1895
1902
1887
1896
1902
1905
Amount
Value.
Outstanding
—
.
%
c&r
1,000
1,000
1,000
1,000
1,000
1,000
1,000 &c
1,000
1,000
1,000
1,000 &c
100
100 &c
100 &c
1,000
'86-'87
1,000
56 1893
1,000
48 1890
1,000
Penobscot Shore Line
Co assumed
First
48 1891
1,000
K & L second mortgage (for $400,000) assum.BB
120
100
European & Nor Amer stock 5 % rental 999 years..
years)
109
100
Portland & Ogdensburg stock (2 % rental 999
109 1888
1,000
Cons M ($800,000 are 3^s) guar p & 1 end. _B B.c
'87-'89
1,000
Portland Union Station series "A" & "B" (text) s f
17
100
Dexter & Piscataquis stock 5 % rental 999 years
BB
17 1889
1,000
First M Dexter to Dover etc guar by end
53
100
(rental 999 years)
Hereford Ry stock
(endorsed)
53 1890
1.000
First mortgage guaranteed p &
55
100
stock 6 % rental 999 years
Upper Coos
22 1890
1.000
First mortgage guaranteed p & 1 (endorsed)
1,000
guaranteed p & 1 (end)
33 1890
Extension
$21,000 d
b Also $22,469,000 in treasury or pledged for other Issues etc., See text.
l$8 71.000
32.000 d $57,000 e $41,000 f $15,000 8 $424,000
j $42.0
First consolidated mort-1 ($269,500 are 5s)
c&r
($3,265,500 are 4s)
Collateral trust bonds for Mt Desert Branch.. A B.c
Improvement bonds "A" & "B" not mortgage s f
refunding mortgage gold
Maine Central Eu & No
J
Am
M
1
304 J1872
\1872
41 1883
RR
1
RR
M
m
MANCHESTER & LAWRENCE
(State Line) 22 % miles.
Methuen
,
RR.
from Manchester,
— Owns50 years from Sept. N.1887 to
H.,
for
to
Leased
1
& Maine at rental paying 10 % dlv. In 1895 a div. of 50 % paid from
& M. suit. (V. 73, p. 1264.)
MANHATTAN RY. (ELEVATED). (See Map Interborough Rapid TranOwns all the elevated railroads in boroughs of Manhattan and the
sit Co.)
Boston
—
proceeds of C.
Dividend.
4 g
—
—
Bronx,
M
M
5g
4^
6g
6g
5g
6g
il,523,000
1,414,000
kl, 996,000
Own L & N
1
A
&
&
&
g
F &
M &
F
&
A &
5 g
F &
4H S J &
4 g
J
&
4g J &
5g J &
4g M &
M &
4 g
$1,000 $23,000,000
1,000
617,000
1,000
4,000,000
Stock and scrip ($12,000,000) ....
gage, $9,000,000
Whom.
Rate
3,247,000
1,400,000
M g s f ass'd gu by Penn RR. F
m 5.870,500
S.c*&r
$7,750,000 red 1907
220
Mp.c
j6, 700,000
Kentucky Central M ($7,000,000) gold
228
Ce
999,000
Atlanta Knoxvllle & Northern 1st M gold
mile.
Us
228
500,000
Consol mortgage gold $10,000 per
487
Us
10,000,000
L & N— Atl Knoxv & C Div M $50,000,000
Louisville New Albany & Chicago — See Chicago Indl anapo lis & L oulsville
19
20
600,000
Lykens Valley — Stock. Rental pays 5%
500,000
97 1896
1 000
Macon & Birmingham — 1st M $500,000 gold.. OB.
Newp & Cin Br 1st
L & N-So joint M
Maine Central
Where Payable, and by
Payable.
Bonds
pal.
Size, or
Road. Bonds.
first
M
When
—PrincX
Stocks— Last
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
85
—J
—J
O
> in 1905
5 g
& J
4,988,000 7 in 1905
A & O
4,193,500
5 & 7
A & o
4,790,500
5
J
& D
669,000
450,000
& J
J
4 g
1,000,000
&
J
4
F &
1,300,000
5
400,000
&
A &
2,494,100
5
F 28
2
4,392,538
2,119,000 3H & 5 M & N
4
& J
300,000
J
122,000
5
J
& J
4
175,000
J
& J
4
& N
800,000
800,000
4
& N
350,000
6
& N
350,000
4
M & N
693,000
4H M & N
Additional amounts were ow
00 k $100 ,000
$ 4,753.00
4&4H
1-'
Q—
M
M
M
71
Broadway,
New York
April
S St Louis Tr Co, St Louis Mar
S 71 Broadway, New York Sept
do
do
Aug
do
do
Sept
do
do
Aug
April
do
do
Aug
do
do
July
do
do
J P Morgan & Co, N Y July
71 Broadway, New York July
do
do
Dec
Mar
do
do
May
When Due
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1923
1916
1945
1921
1931
1937
1910
1936
1945
1952
1987
1946
2002
1955
William St, NY
Old Colony Trust, Boston
Office, Portland, Me.
Second National Bank.f
Boston: & Portland \
J
July 19061}£ y
July 1 1946
July 2'06 1% %
April 1 1912
April 1 1912
Am L & Tr, Bost; & Port June 1 1923
2d Nat Bk, Bost: & Port July 1916-1917
Boston and Portland
Jan 1 1933
Second Nat Bank, Bost Aug 1 1920
do
Feb 1 1921
do
Treasurer's Office, Bang'r April 15 "06 2)4
Maine Cent Off, Portland May31 *06 % %
2d Nat Bk, Bost; & Port Nov 1 1908
Portland, Me; & Boston June27-Jan 29
Office, Dover, Me.
July'06 2]4 %
2d Nat Bk, Bost; & Port July 1 1929
Maine Cent Off, Portland May 1906 2%
2d Nat Bank, Boston
Nov 1 1930
May 1906 3 %
Office, Portland, Me
2d Nat Bk, Bost; & Port May 1 1930
Office, Portland, Me.
May 1 1930
ned by the Co. on July 1 1905, viz.:
Office, 13
1
m
I
$43,000.
—
—
MASON CITY & FT. DODGE RR. (See Map Chicago Great Western.)
Owns road from Oelweln, la., to Council Bluffs. 260 miles; Hayfleld, Minn.,
to Clarion, la., 100 m.; branches to Lehigh and Coalville, la., 18 m.; trackThe Chicago Great
age, Council Bluffs to South Omaha, 7 m.; total, 385 m.
Western owns the entire outstanding com. stock ($19,205,400 of the authorized $20,000,000) and the non-cum. 4
pref. stock ($13,635,752 of the
$14,000,000 authorized) and operates the road as part of its main line to
Omaha, under an agreement dated April 1 1901, running for 100 years,
and later modified, which provides that the Mason City & Ft. Dodge shall
receive 60
of all earnings from business Interchanged.
Any surplus of net earnings after payment of interest on bonds and pref.
stock is to be held in trust by C. G. W. for payment of future coupons.
In
1905 $12,000,000 4
bonds were sold. Compare Chic. Great Western Ry.
and V. 73. p. 566, 616, 722; V. 77, p. 640. V. 78. p. 1782; V. 80, p. 2621.
Earnings for 9 mos. ending Mch. 31 1906, gross, $1,387,485; ne, $550,694;
charges, $434,710; bal., sur., $115,984.
Report for year ending June 30
1905 in V. 81, p. 907, showed: gross, $1,465,983; net, $451,957.
(V. 81,
p. 1436; V. 80, p. 1380.)
%
N. Y. City, mainline and branches, 37 y miles, double-tracked, with
2
Late in
14 miles additional third track, sidings, &c. V. 70, p. 176, 633.
1902 began using electric third-rail on entire system. V. 75, p. 733.
LEASE. The Interborough Rapid Transit Co. leases the road for 999
years from Apr. 1 1903, guaranteeing 7% per annum on the stock. V.75, p.
1202, 1302; V. 76, p. 212; V. 79, p. 2456; also Interborough Rapid Transit
Guaranty, V. 76, p. 480.
Co., V. 76, p. 101.
BONDS. Consolidated mortgage (trustee. Central Trust Co.) Is limited on
present mileage to $40,000,000, and will provide for prior bonds when due.
Amounts beyond $40,000,000 may be issued for extensions at the rate of
(See
$300,000 per mile of single and $600,000 per mile of double track.
abstract of mortgage in V. 51, p. 248, and application to 'New York Stock
Exchange In V. 52, p. 353.)
To May 1898 claims aggregating $8,847,854 had been paid as damages to
abutting property and other cases were before the courts. See "Chronicle,"
V. 66, p. 954, and V. 67, p. 789; V. 82, p. 1380. Personal property tax
assessment see V. 66, p. 954; V. 67, p. 222; V. 68, p. 1282, and V. 71,
Taxes In litigation Oct. 1903 (other than franchise tax), per
p. 1120.
balance sheet, $303,000. V. 76, p. 212.
MASSAWIPPI
RY. Province Line to Lenoxvllle, Que., 34
miles, with branch, 3 m.; trackage to Sherbrooke, Que., 3 m.; total, 40 m.
Leased for 999 years from July 1 1870 to the Connecticut & Passumpslc
Rivers RR. Stock, $800,000; par of shares, $100; dividends payable Feb.
and Aug. 1. Dividends, formerly 5 %, 6
since Jan. 1 '97.
Of the stock,
$400,000 owned by the Conn. & Pass. River Is deposited under its mtge. and
$50,000 is represented by Connecticut Trust & Safe Deposit Co. of Hartford
trust certificates.
(See "Supplement" of October 1901.)
DIVIDENDS.— \ '89. '90-96. '97. '98. '99. '00. '01. '02. '03. Since.
Since 1888
2
%J5y 6 y'rly. 4H 4 4 4 4 4 7H 7 y'rly
In Jan. 1905,
and %
extra for the 9 months ending Dec 31 1904;
since, 1 %
quarterly.
V. 79, p. 2456.
MEADVILLE CONNEAUT LAKE & LINESVILLE. Meadvllle to
Linesville Pa., 21 miles, and branches, 2 miles; total, 23 miles. Leased
to June 8 1989, to Pittsburgh Bessemer & Lake Erie RR.; rental, 25% of
gross earnings.
Stock. $200,000; par, $50.
—
%
%
1H%
KARNIXGS. — For
9 mos.
—
1905-06
1904-05
%
9
months ending Mch.
Gross.
Net.
31:
Balance
$266,604
752,658
Other inc. Ch'ges&div.
$5,257,991 $284,708 $5,276,095
5,831,842
236,000
5,315,184
ANNUAL REPORT. Report for year 1904-05 was given in V. 81, p.
666, and report for year ending Sept. 30 1903 in V. 77, p. 1872
Year ending June 30
1905.
1904.
1903.
Gross earnings
$13.198 ,290
$14,187,683
$12,208,337
Net over operating expenses
8,341,631
6,747,540
7,651,353
Other income
309,552
341,505
346,859
Interest, rentals and taxes
3,007,512
2,893,412
2.820,859
Dividends
(7) 3 864 ,000
(7)3,864,000 (6^)3,546,000
$9,363,849
9,999,318
—
,
Balance after dividends
sur. $1,089, 393 sur. $1,925, 726
sur.$727,544
Yr.Sep.30. Passengers. Yr.Sep.30. Passengers. Yr.Sep.30. Passengers.
1898-99 ... 177,204,558 1900-01 ... 194.152,316 1902-03 ... 255,565,390
1899-00 ... 183,788,851 1901-02 ... 223,427,283 1903-04 ... 289,637,600
—(V. 79, p. 731, 2205, 2456, 2588; V. 81, p. 666; V. 82, p. 1380.)
MANILA RR. To own 633 miles on the island of Luzon, Philippine
Islands, of which 208 operated and 425 to be constructed.
V. 82, p. 1380;
lioi': v. "9, p. 786.
Speyer & Co. are promoting the enterprise. Incorporated June 6 1906 with $100,000 capital stock.
(V. 82, p. 1380.)
—
•
—
MANISTIQUE MARQUETTE & NORTHERN RR.— Manlstlque,
Mich.,
on Lake Michigan, northerly to Shlngleton, on the Duluth So. Shore & Atlantic, 40 m., with branch to McNeil's, 13 m.; V. 75, p. 185.
Operates car
ferries between Manlstlque and Northport and Manlstlque and Ludlngton on
Pere Marquette RR.
Stock $2,000,000, of which the Grand Rapids &
Indiana owned $1,898,800.
V. 82. p. 1098.
Sold in foreclosure on Sept. 21
V. 81. p. 975: V. 78, p. 2012; V. 74, p. 776; V. 76, p. 810.
1905.
No plan
of reorganization formulated to Julv 1906.
For year ending Dec. 31 1903:
Gross earns.. $130,936; net, $1,890; Int. on bonds, $51, 667; def., $49,776.
81. p. 975.1
—V.
MANISTEE & GRAND RAPIDS RR. — See page 177.
MANITOU & PIKE'S PEAK RY.— See page 177.
MARICOPA & PHOENIX & SALT RIVER VALLEY RR. — Maricopa
(
to
Stock,
Phoenix. Ariz., 36 miles; Tempe to Mesa, 7 miles; total, 43 miles.
$1 .000,000; par, $100: all owned by Southern Pacific Co., which also owns
$539,000 of the $540,000
and the $78,000
bonds. .Bonds, see
table above.
V. 67, p. 1357.
(V. 77, p. 2280.)
6%
5%
—
MARIETTA COLUMBUS & CLEVELAND RR.— Owns
Junction to Palos,
from Moore's
O., 42.08 m.; branches, 7.42 m.; trackage to Marietta,
In Nov. 190S the Pittsburgh & Lake Erie acquired the road.
3.20 m.
V. 81. p. 1436; V. 71, p. 810, 1012. Stock. S230.000. Bonds. $250,000 40year gold 5s, due Nov. 1 1940. For vear end. June 30 '05, gross, $63,637;
net. $3,895; total deductions, $16,028; bal., def., $12,133. Pics., J. T. Blair,
Greenville, Pa.; Sec. and Treas., A. H. Blair.— (V. 75, p. 793; V.81 p.
,
MARYLAND DELAWARE & VIRGINIA RY.— See
MARYLAND & PENNSYLVANIA RR.— Baltimore,
l
page 177.
Md., to York, Pa..
80 miles, with branch, Delta to Peach Bottom. 4 in.
To be
V. 71'. p. 339.
electrically at least from Baltimore to Hclalr, 26 in.
V. 82, p.138
STOCK AND BONDS.— Stock authorized, $3,600,000, of which $1 .997.500 reserved for future requirements. In 1902 the authorized Issue of the
first 4s was reduced from $2.7(K),ooo to $1,200,000. of which $203,000 are
reserved to retire the York and Peach Bottom 5s and $07,000 additional for future purposes, &C.
V. 7-1. p. 94, 127: A. 7!). p. 2205
land
Pennsylvania Terminal guaranteed bonds. V. 81', p. ion,
Paid on Incomes 1901, 3%; since to 1905. Inclusive. 4% yearly.
E VK\I \<;s. -12 mos. .11905-06
_c;ross, $360 -'too; net, $120,221.
July
to June 30.
1904-05.
.. .Cross,
323.571: net, 100,313.
Surplus over charges. $11,220, against $25,330 In 1904-05.
REPORT.— Report for year ending Dec. 31 1905 In V. 82, p. 509,
showed: gross, $344,206; net. $114,360: Int. on bonds, &c. $82,236: bal..
sur., $32,124.
Pres., John Wilson Brown. -(V. 82, p. 1041
102. 138
equipped
l
a.-
I
1
.
1
%
%
—
—
VALLEY
%
5%
—
—
MEXICAN CENTRAL RY. LIMITED (MEXICO). (See
erates Mexico City north to Juarez City, with branches, viz.:
Owned —
Map.)
— Op-
Miles.
Miles.
Owned—
96
1,224 Jimenez to Rosario
181 Other branches
585
Chlcalote to Tampico
407
Leased
Tamplco to Paredon
370 Mexico Union Ry
11
Branch, Irapuato to Ameca
2171 Bar extension (Tampico to La
Branch, Guadalajara to TuxBarra)
6
pan
1201
San Pedro to Paredon
138
Total, Nov. 1905..
3,355
In Aug. 1905 an extension was proposed from Lecheria, near City of
Mexico, to near Tampico, 225 m., including the Pachuca Zacaultipan &
Tampico Ry. (purchased), Sandoval to Apulco, &c, about 62 m., the unconstructed portion carrying a subsidy of 5 % Mexican Government silver
bonds at $10,000 per mile. An extension Is also projected to Acapulco.
(V. 75, p. 981, 1203.)
The Coahuila & Pacific RR., Saltillo to Torreon,
Mex., 200 m., was acquired in Aug. 1905, and will be extended from Saltillo
V. 80, p. 1856; V. 81 p. 726, 1792. On Sept. 1 1905 acquired
to Paredon.
most of stock of Mex. Nat. Construction Co., owning road from Zacatecas
to Ojacaliente, 30 m., and Manzanillo to Collma, 60 m., a connecting line to
be built from Tuxpan to Manzanillo, 102 miles, forming a through
V. 79, p. 1957; V. 80, p. 1172, 2621; V. 81.
line to the Pacific Coast.
p. -'31, 726, 1792.
ORGANIZATION. Incorporated Feb. 25 1880 under the general law of
Massachusetts, and also holds a charter from the Mexican Government.
Debt readjusted In 1889 see V. 48, p. 191, 292, 327. See also Mexican
Cent. Ry. Securities Co., Limited, below.
In March 1901 a syndicate
headed by H. Clay Pierce of St. Louis acquired a majority of the stock.
V. 72, p. 627. 873: V. 75. p. 29; V. 77. p. 299, 401.
SUBSIDY. The balance of the subsidy trust fund In the hands of the
trustee for the payment of Int., if needed, on 1st consol. 4s, on June 30 '05,
<onslsted of $3,636,000 of priority mtge. bonds at cost, $3,977,477, and
$3,920 cash, $750,000 priority bds. (cost $820,437) having been withdrawn
from the fd. during the yr. end. June 30 '05 to pay Int. v. 81, p. 1040.
.STOCK. Authorized, $32,000 per mile or $100,000,000 In all; par, $100.
In July 1906 $11,285,000 new stock was listed and $328,200 additional
stock was Issuable for new mileage and acquisitions, making a total of
$59,454,300. V. 81, p. 1792.
BONDS. Of the authorized Issue of $8,000,000 priority bonds $1,403,000
were paid off with subsidy collections, and canceled In 1891; $1,000,000 was
reserved for additional rolling stock; the balance, $5,597,000, was held as
an Investment by the trustee of the consol. mtge., but $1,961,000 was
withdrawn In 1904-05 (prior to July 1) toward payment of Interest on outstanding consol. 4s; on Dec. 5 1905 $1,536,000 of the $1,961,000 had been
sold and $ 12.".. 000 was in the treasury.
V. 52. p. 390; V. 79, p. 103; V. 82,
1:17.
(See abstract of mtge. in "Chronicle," V. 10. p. 177.)
p.
Both series of Incomes are non-cum. and secured by one Indenture to the
American L. & T. Co. of Boston. First Incomes received 3 % Interest In
is. 10, is. 11 and 1892; none since.
V. 72. p. 627, 880.
In 1906, in addition to the $66,874,000 consol. 4s shown above, $33,341.ul been certified bv the trustee, of which $16,129,000 were held as
notes of 1904.
collateral for 4 }<i % bonds and about $16,000,000 for
See Mexican Central Securities Co. below.
V. 79. p. 267.
old, maturing
in June 1906 $38,000,000 of 5% coll. trusl noti
Julv 1910, pan of an Issue of $35,000,000, to lie used In part to refund the
coll. trust Issues maturing in L907 and
$ 19,000,
' * I'ac
win in- secured bv deposit of $1,200,111.11 priority 5s, $5
".s. $2,500,000 Tampico Harbor 1st guar. 5s, $41,000,000 consol.
lai
1st consol. Incomes.
The coll. trust issues maturing
$5,000,
1907 and 1908 were In July 1906 offered the right of exchange on certain
terms.
The loan win nance he compans 's requirements until 1911. when
V. 82, p. 1407: Y. 83, p. 156.
onsols mature.
In 1906 a larirc amount of equipment was ordered, for which car trusts
V. 82, p.
Will be Issued.
$23,315,446; ncl .57.1 23.432
i; \RXIXGS. -Mexican cur.' 1906-06, Cross
July 1 to April 30 (10 mos.) J 1904-05, Gross, 21 .418.238; net. 6,887.985
Mexico City to Juarez City
Mexico to Rio Balsas
]
—
I
|
,
—
—
—
—
—
1
6%
i
I
I
>
1
t
i
1
I
86
RAILWAY STOCKS AND BONDS.
[Vol. lxxxiii.
July,
RAILWAY STOCKS AND BONDS.
1906.]
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation of column headings, &c.
on first page of tables.
Date
of
of
see notes
—
14
14
19
137
22
1
A%
—
—
3,138
3,138
3,138
M
100
1,000
100
£ &
1878
1886
1890
1902
1891
1905
1882
1901
1901
1906
1905
,000
1891
1881
1889
1889
1889
1889
1881
1902
1904
1905
1906
5,000
1,000
1,000
1,000
£100 &c
$500 &c
1897~
500 &c
,
Years end. Dec. 31
end. June 30
1904-05.
1903-04.
1903.
1902.
Gross earns. (Mex.cur.). $26,097,699 $26,002,202 $25,064,354 $21,132,227
Operating expenses
17,599,176
19,619,872
18,941,205
15,170,621
Net earns. (Mex.cur.). $8,498,523
do
(U.S. cur.)- $4,118,173
$6,382,330
$2,886,846
$5,961,606
$2,513,384
$6,123,149
$2,598,556
INCOME ACCOUNT FOR YEAR ENDING JUNE
(U. S. CURRENCY.)
30 1905.
—
Net earnings
Deductions (Concluded)
$4,118,173
Interest on Tampico HarAccts., &c, charged off..
bor Co. bonds
140,675 Cancellation of option to
Withdr'n from sub. fund.
buy consol. bonds
750,000
$181,400
800.000
83,912
270,510
Miscellaneous interest
_$5,008,848|Betterm'ts & improvem'ts
I
—
Deduct
Tamp.Harb.Co.rent.acct . $163,979| Total deductions
$5,219,558
Interest on bonds...
$210,710
3,719,7571 Deficit for year...
Chairman of Board, H. Clay Pierce; Pres., A. A. Robinson.
Executive Committee: H. Clay Pierce (Chairman of Board) A. A. Robinson, F. H. Prince, C. D. Simpson, Eben Richards, E. N. Foss.
Office, 25 Broad St., New York.
(V. 81, p. 668, 726, 841, 1040, 1044,
1242; V. 82, p. 392, 628, 1438; V. 83, p. 156.)
MEXICAN CENTRAL RY. SECURITIES CO.— Formed In 1899 (V. 68.
Each $1 ,000 bond
p. 331) to acquire the 4 % consols of Mexican Cent. Ry.
deposited was exchanged for £102 "A" and £102 "B" debenture 4 % stock,
both secured by the same deed of mtge. to Right Hon. Lord Hillingdon,
Right Hon. Lord Revelstoke and H. W. Smithers, trustees. Issued £3,848,460 each of "A" and "B"; Interest on "A" is payable Jan. and July 15 in
London; on"B" same, if earned; otherwise cumulative, par, £100. Frederic
M. Spankle, Sec, 3 Gracechurch St. London, E.C. (V. 68, p. 331, 524.)
MEXICAN INTERNATIONAL RR. (See Map, page 98.) Owns from
Eagle Pass, Tex. (on Southern Pac.) and Ciudad Porfirlo Diaz, via Torreon,
on Mex. Cent., to Durango, 540 m., with branches, 90 m.; Reata to Monterey, 72 m.; branch to Tlahualllo, 43 m.; branch, Durango to Tepehuanes
via Santiago Papasquloro, 135 m.; Carbon branch, 4 m.; total, 884 miles.
Leases (since May 1 1906) Coahulla Coal Ry., Barroteran to Musqulz, 22 m.
V. 82, p. 1379. Organized under laws of Connecticut.
In April 1902 control of the road ($15,786,100 of the stock and all of the
$4,499,000 income bonds) was taken over by the National RR. of Mexico
as per plan, V. 73, p. 784.
See V. 76, p. 1192.
STOCK. Authorized $25,000,000; Issued Jan. 1906, $20,708,200.
BONDS. In 1897 reorganized. Of consol. 4s $2,497,000 were In Jan.
1905 reserved for extensions at $10,000 per mile and Improvements. The
total issue of consols is limited to $16,000,000.
The National RR. of
Mexico under agreement of June 30 1902 has stamped $6,501,000 of the
consols as guaranteed, prln. and Int.. these being also subject to call at 90
and Int. on or before Mar. 1 1907. V. 75, p. 185. Of the consols, $3,000,000
are deposited as collateral for the Nat. RR. of Mex. 5% notes.
V. 77,
Prior lien 4«s, see V. 65, p. 151, 1071.
p. 769.
Consol. 4s of 1897 listed
on N. Y. Stock Exchange Feb. 1898. See application In V. 66, p. 341.
-Dividend on Incomes, 4%, was paid for 1902 to 1905 Inclusive.
EARNINGS. Mex. currency.) 1906. .Gross, $3,386,649; net, $1,473,793
Jan. 1 to May 31, 5 mos.
] 1905. .Gross,
2,717,159; net, 1,041,512
ANNUAL REPORT. Report for year ending Dec. 31 1905 was given at
length In V. 82, p. 800, 814; see also editorial, p. 779.
In 1905 gross on
average of 884 miles, $6,519,162 (Mexican currency); net, $2,663,485; in
U. S. money, net, including other Income, $1,352,784; Int. on bonds, $551,510; miscellaneous (net) items, $16,452; interest on Incomes, $179,960;
balance, surplus, $604,862.
Pres., E. N. Brown.
New York office, 60 Wall
(V. 80, p. 1969, 1976; V. 81, p. 1792; V. 82, p. 1497.)
St.
MEXICAN NATIONAL RR.— See National RR. of Mexico.
MEXICAN NORTHERN RY. Owns from Escalon, Mexico, on the Mexican Central Ry., to Sierra Mojada, 83 miles, all steel.
STOCK. Capital stock is $3,000,000; par of shares, $100; see application
for listing on N. Y. Stock Exchange in full. V. 64. p, 619.
Dividend.
$122,000
175,000
200,000
2,500,000
1,000.000
274,000
55,200,000
10,818,000
1,000,000
28,065,000
1,100,000
500,000
2,000,000
202,450
900,000
900,000
200,000
12,000,000
800,000
200,000
262,000
See text.
66,874,000
20,567,200
11,282,000
329,000
10,000,000
10,000,000
9,000.000
See text.
2,057,392
550,000
700.000
5,850,000
705,500
6,501.000
4.499.000
b$340.000
5
4
4H
3J4
10
M
M
g J
M
4
7
6
5
4
5
5
5
5
4g
In 1903
o g
4 E
6
5
(7) 4
5g
4g
3g
Dep dTTrCo .Boston July 1 1911
Jan 10 1939
None paid.
&
"
4J4 g
6
5g
5 g
iSafe
g
1905
Jan 10 1939
do
do
*
JulyT
July
1
& A St Louis and New York Feb
& J ICo.'s Ofl*,25 Broad St, NY Jan
J
do
do
Sept
M & S
July
J
& J
& O Old Col Tr Co Bost & Lon April
do
Oct
do
& Oj
Sept
& SlSpeyer Bros, London
& SSpeyer & Co, New York Sept
do
do
Sept
& S
Sept
Owned by Nat RR of Mx
F & A Morton Trust Co, N Y Aug
F
1
1
1
1
1911
1907
1907
1908
1910
1
1
1917
1919
1947
1977
1977
1
1919
1
,
;
4 g
In
\
July 10
3
3
5g
5g
4y
3
4g
& J Treasurer's Office, Portl'd July 1906 2H%
& S 2d Nat Bk. Bost & Port Sept 1 1917
& N Office, Rockland Me. May 1906 2M %
& J jTreas Office, Portland, Me Jan 1 1954
& N Manchester and Boston May 1 1906 5 %
& J Boston & Me RR, Boston Jan 1 1922
J
Q— 195 Broadway, New York July 1 '06 1 ii %
J
& J Mercantile Trust Co, N Y July 1 1908
do
do
Mar 1 1916
M & S
April 1 1990
do
do
A & O
M & N May 1093 coupon last pd May 1 1952
Oct 1 1909
A & O See text.
F & A Treasurer's Office, Phlla Feb 1 1955
M & S First Nat Bk, York. Pa. April 1 1932
M & S Brown Bros, N Y: & Bait Mar 1 1951
do
April 1 1951
do
A & O
M & N Alex Brown & Sons, Bait May 1 1936
& D Blair & Co. New York June 1 1955v
F & A S D & Tr Co, Boston Aug 1 906 3%
Merch Nat Bk, Meadv ,Pa July 1 1921
J
&
Safe Dep & Tr Co, Boston July 1 1911
&
July 1 1939
&
J
1
1
1
&c. — Re- incorporated under
The N. Y. C. & H. R. RR. Co.
CANADA SOUTHERN NEW CONTRACT.— See
DIVIDENDS.
that company.
'90 '91
'92-94
'95 to July '06
"87-89
5
5 5 3^y'rly.
4 yearly.
Percent
4 yearly.
J
BONDS. Battle Creek Sturgis bonds for $500,000, but of this $79,000
was sub-guaranteed by the Lake Shore & Mich. So., 7 miles of the B.C. & S.
being operated by that company. The $1,800,000 3Hs of 1901 are a 1st
mtge. on the Jackson Lansing & Saginaw RR., 350 miles (V. 73, p. 1061;
V. 76, p. 1027). Of the $18,000,000 3J^s of 1902, $10,000,000 were sold
to retire first 5s and 7s, $3,000,000 additional being sold; $5,000,000 reserved for additions, &c. V. 74, p. 728; V. 76, p. 102; V. 77, p. 1874.
Toledo Canada South.
Detroit guar. 4s of 1906. see V. 82, p. 930.
The Detroit River Tunnel bonds, authorized issue $15,000,000 (see above)
bearing interest at notexceeding 5%, will befeuaranteed by the Mich. Cent.
V. 82, p. 868, 1156.
EARNINGS. For 6 mos. ending June 30 (1906 partly estimated):
6 mos.
Gross.
Oth. inc.
Charges. Dividends. Bal.,sur.
Net.
—
1
'83 '84 '85-86
5
3
nil.
&
&
—
—
—
ANNUAL REPORT.— Report
Year ending Dec. 31.
Gross earnings
Operating expenses
—
—
—
—
—
DIVIDENDS. \
Percent.../
"92
6H
'93
6H
'94
6
'95
"99
4 yearly.
'00
5
'01
4^
"02
2
'03
H
None
Since.
BONDS.— Mtge., $1,660,000, of which $725,000 in s. f., April 1906.
REPORT.— Earnings as follows In U. S. currency:
Year.
Gross.
Surplus.
Net.
Charges.
Oth. inc.
1905
$352,799
$230,712
$119, 517
$133,90]
$42,706
1904
297,918
88.771
170,242
33,025
114,495
1903
214,135
37,550
110,306
116,973
30,883
(V. 70, p. 280; V. 72 p. 581, 1011; V. 74, p. 1089 V. 77, P. 2098.)
p.
MEXICAN
MEXICAN SOUTHERN RY.— See page 179.
MICHIOAN CENTRAL RR. (See Maps New York Central & Hudson
River.)
LINE OF ROAD.— Main line— Kensington to Detroit. 270 m..
and Windsor to Suspension Bridge (Canada Southern), 226 m.: total main
line, 496 miles.
Branches owned and leased, 1 ,235 m.; trackage (111. Cent.)
Into Chicago under perpetual lease. 14 m.; total, Jan. 1 1900, 1,745 miles.
There are 433 m. of second track and 1,184 m. of side tracks.
Owns $17,000,000 of the $20,000,000 stock of Chicago Indiana & Southern, which see.
In July 1906 the Michigan Central was building a third-rail electric tunnel
road under the Detroit River from Windsor. Out. to Detroit Mich.. 2.42 m.
long, under the charter of the Detroit Diver Tunnel Co.. to cost between
$8,000,000 and $10,000,000. V. 80, p. 2343; V. 82, p. 1156.
ANNUAL
RY—
—
.
1
for 1905 was in V. 82. p. 687.
1902.
1903.
1905.
1904.
$23,283,868 $21,492,945 $22,552,201 $19,045,083
17,041,014
17,973,470 14,918,442
18,865,916
Net earnings..
$4,417,952
Net, incl. other Income. 4,733,764
Rentals paid
561,202
Interest on debt
2,015,320
Taxes
962,002
Interest on loans, &c
221,785
Dividends
(4)749,500
—
—
—
$12,495,700 $2,263,800 $197,100 $1,960,400 $374,800 $125,700
26,000
10,727,200 2,111,000 146,400 1,856,600 374,800
1906
1905
Surplus
$223,934
$4,451,930
4,515,401
541,310
1,989,663
1,111,653
$4,578,730
4,633,662
521,398
1,978,642
888,851
(4)749,520
(4)749,520
$4,126,641
4,180,654
494,478
2,026,468
549,062
-(4)749,520
$123,255
$495,253
$361,126
Wm. H. Newman, N. Y.— (V. 82, p. 1041, 1438; V. 83, p. 96.)
MIDDLETOWN UNIONVILLE & WATER GAP RR.— (See Map Erie
Pres.,
,
—
Stocks—Last
Whom.
I
—
—
Where Payable, and by
%
,
,
%
general law
in Dec. 1901, V. 73, p. 1208.
In April 1898
gave $115 in its 3J^
100-year gold bonds for $100 stock, and so holds
$16,814,300 of the $18,738,000 stock Issued.*!
— —
— Years
When
Payable.
Rate
6g
ORGANIZATION, LEASES,
18119
16
Report for year ending
June 30 1905 was in V. 81 p. 1040. The gross earnings below are Mexican
Mexican dollars averaged 48.41c.
currency; all other figures U. S. currency.
In year ending June 30 1905, 45.13c. for fiscal year 1903-04 and 42.16c. in
Total.
&c
1,000
1,000
1,000
50 &c
1,000
1,000
1,000
1,000
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
ANNUAL REPORT. — Fiscal year ends June 30.
calendar year 1902.
$
1,000
1897
1899
1897
1897
615
880
880
—
,000
1,
1892
378
37
23
—
Priority bonds gold redeemable at 110
m
1904
40
84
84
—
gold..BB.c , &r
Consolidated mortgage $32,000 p
First cons lnc & scrip non-cum ($9,600 p m) g_ AB.c*
2d cons inc ($6,400 p m) red 50 % to Aug 1929 ABc*
r
Registered Income bonds and scrip unassented
Coll trust bands gold sec by cons 4s call par.MSt.c*
Collateral trust notes $10,000,000 authorized (text)
Collateral trust notes $10,000,000 authorized (text)
Collateral trust notes $35,000,000 gold redeem par..
Car and locomotive rental notes
Equipment 5s $50,000 redeemable yearly at par..
do ($50,000 yearly par) red 102 M beg '10 OB.c*
Mex Int Prior lien £1,200,000 red at par. Un.xc*&r
First cons
$16,000,000 gold not guar..Mp xc*&r
do
gold guar stp subj to call at 95 to Mar 1907
Income 4% bonds (no mortgage) non-cumulative.
Mexican Mineral 1st M $500,000 g red 110 s L.IHo
100
71
MBa
Income M $900,000 4% cum call at par
Maryland* Penn Ter 1st M $200,000 g gu p&i redlOl
MasonCity & Ft Dodge— 1st M $12,000,000 g__Ce.c&r
Massawippi Stock guar same div as Conn & Pass..
Meadville Conneaut Lake & Lines ville First mortgage
Mexican Central 1st M (unassented) including scrip
Amount
Outstanding
$100
9
— —
—
Par
Value.
— Princi-
When Due.
pal,
1897
"37
18
32
32
53
Bonds
Size, or
Road. Bonds.
Maine Central (Concluded)
Dexter & Newport stock 5 % from Nov 25 1898
First M (old 6s refunded In 1897) guar p & end..*
rental 999 years
Eastern Maine stock i l
Wash Co 1st M $20,000 p m gold guar (end) red
Manchester & Lawrence Stock 10 % rent till '37 B&M
Real estate bonds (not mortgage) int gu by B & M.c
Manhattan (Elevated) Ry, N Y Stock $60.000,000..
Metropolitan El 1st M $600,000 p m assum g..Ce.c'
N Y El debentures secured by con mortgage of 1890
Manhattan Elevated consol mortgage gold.Ce.c'&r
Manis Marq & Northern— 1st M $1,500,000 gold
Man & Pikes' Peak Ry— 1st M $500,000 gold.-.Mp.c
Md D & Va 1st M $2,000,000 auth gold guar p & 1
Maryland & Penn York & Peach Bottom mortgage..
MeBa.c*
First M $1,200,000 gold call at 105
—
87
—
Owns from Mlddletown, N. Y., to Unlonville. N. Y., 13.65 miles.
Stock, $149,850; par, $50. Controlled through stock by N. Y. Susq. &
West., which pays int. on bonds.
In year ending June 30 1905, gross, $55,712; net, $12,585; charges, $22,239; def., $9,654.— (V. 64, p. 664.)
RR.Co.)
—
MIDLAND VALLEY RR. Owns and operates from Excelsior, Ark.,
south to Hoye, Ark., and north to Fidelity, Ark., also from Excelsior west
to Sllverdale, Kan., a total of 293 m.; also operates under trackage from
Maney Jet., Ark., to Ft. Smith, 16 m., and Sllverdale to Arkansas City,
Kan., 9 m.; total operated, 318 miles. See V. 78, p. 702, 1109; V.80, p. 2345.
The Cherokee Construe. Co., with $3,500,000 stock. Issued $5,000,000
3-year 6 % gold notes due Dec. 1 1907, which are secured by all the stock
and bonds of the Mid. Val. and mtge. on 18,500 acres of coal lands; they are
redeemable at 102 H. V. 81. p. 1610. The tonnage from 30,000 additional
acres
is
controlled.
Stock authorized, $9,000,000; outstanding, Apr. 1906, $5,854,000; par
Bonds are subject to call at 107 M to and Including Jan. 1
1910.
For year ending June 30 1905 (187 average miles), gross. $338,911;
net, $28,365.
Pres., Charles E. Ingersoll; Sec. and Treas., H. E. Yarnall.
Office. Glrard Trust Bldg., Philadelphia.— (V. 81, p. 1610.)
of shares, $50.
MILL CREEK & MINE HILL NAVIGATION & RR.—M1U
Creek
Jet. to
Broad Mtn.. Pa., 6.3 m.; branch, 3.5 m.; 2d track, 3.8 m.; total track, 34.6
miles.
Leased In 1861 for 999 years to Phlla. & Reading RR.; lease assumed in 1896 by Phlla. & Reading Railway; rental, $33,000 and taxes.
MILLEN & SOUTHWESTERN RY.— Owns MUlen, Ga.. to VIdalla, 53
m., of which 21 m. from Stlllmore to VIdalla completed in 1904. Acquired
Mch. 1906 by a syndicate organized by J. S. Williams of Richmond and
W. Mlddendorf of Baltimore, and to be consolidated with the new
Georgia & Florida Ry. V. 82, p. 751, 1212.
Stock, June 30 1903, $39,000.
Of the bonds, $1 ,000 per mile Is reserved
V 80.
for Improvements on present line and $5,000 per mile for extensions.
p. 1424.
For year ending June 30 1905 (32 miles), gross, $77,399: net,
$10,102; Interest on bonds, $4,279.
Pres., John Skelton Williams, Richmond, Va. (V. 82. p. 1212.
In
J.
—
MINE HILL & SCHUYLKILL HAVEN RR.— From
Schuylkill
Haven
to
Ashland and Enterprise Jet., 42 m.; 2d track. 19 m.; total track, 134 miles.
In 1897 rental reduced to 6 % on stock under new lease for 999 years from
Jan. 1 1897 to Phlla. & Read. Ry. Co.
Dividends paid stockholders are
(V. 63, p. 1011
Zy, % In Jan. and 3 % In July, H % being deducted for taxes.
MINERAL RANOE RR. Houghton, Mich., to Calumet. Mich.. 14 ra.;
Hancock to Fulton, 21 m.; branches. 28 m.: South Range extension, Kewornaw Bay to Michigan Mine, 39 m.. opened Dec. 24 1900; trackage, 22 m.;
—
—
On
operates 17 m.; total, 141 miles, all standard gauge.
In
1901 the Hancock & Calumet RR. was merged (V. 73, p. 785).
7%; 1898. 3H%:
year 1895 paid dividends 10H%: In 1896. 7%: 1897,
none since. In March 1903 authorized stock was Increased to $1,200,000;
outstanding, $1,085,000; par. $100.
BONDS.— Consols for $7,000 are reserved for $11,100 old bonds. Of the
$593,000 outstanding. $339,000 are 5s; the Can. Pac. on June 30 1905 owned
the remaining $254,000 (which are 4s), and the $1,000,000 ecn. nitre. 4s
both of which It guarantees as to Int. V. 75. p. 554. See V 73, p. 0.16, 616;
was ores and mining products.
V. 73. p. 783. Of tonnage In 1903-04 84
Mohawk RR.
June
1
%
EARNINGS.— For
11 mos.
1905-06
1904-05..
OrOSS.
$681,617
.
627.040
ll„months"endIng*May*31:
Net.
$153,682
157,502
Other inc.
$2,116
1.731
Balance.
rhar,
$136,758
BUT.$19,0M
Bll
sur. 55,322
RAILWAY STOCKS AND BONDS.
88
RAILROADS.
INTEREST OR DIVIDENDS.
Miles
For explanation
column headings,
of
on
&c,
Date
of
Par
Amount
Value.
Outstanding
Road. Bonds.
—
Mexican National See National RR of Mexico.
Mo.c'&r
Alex Nor 1st M U S gold s f not called
Mexican Railway Limited Ordinary shares
—
83
—
1890
321
—
—
M
228
152
152
84
39
M
M
TolCanSo&DetlstM
M
1902
1890
1881
1881
79 -'86
1889
1896
1901
1904
84
18
41
45
59
1
S4,f)00,000 g gu pfti(end)
Detroit River Tunnel 1st
350
Qc'&r
6g
1889
1889
1877
1906
1906
1866
1871
1904
515,000,000 guar
—
1,000 &c
1,000 &C
1,000
1,000 &c
1,000
1.000 &c
1,000 &c
1,000
—
—
—
100
100
1,000
1,000
1,000
1,000 &c
—
—
—
—
—
REPORT. For year ending June 30 1905, gross, 5683,299; net, 5168,777;
(V. 73, p. 785.)
taxes, 530,644; interest, 583,360; surplus, 554,775.
—
MINNEAPOLIS RED LAKE & MANITOBA RR—V. 82, p. 628.
MINNEAPOLIS & ST. LOUIS RR. — (See Map.) — Owns main line Minneapolis to Angus, la., 260 miles; Western Dlv., Hopkins to Watertown,
S. D., 215 miles; Kalo Branch, 1H m.; Lake Park Branch, \y m.; Wln2
Leases trackage from Minnethrop, Minn., to Storm Lake, Minn., 154 m.
apolis to St. Paul over St. Paul & North. Pac. RR., 10 m.; from Spencer to
Ruthven over Ch. M. ft St. P.. 12 H m.; from Tara to Fort Dodge, over 111.
Cent., 6 m.; leases Des Moines ft Fort Dodge RR., Des Moines to Fort Dodge
and Tara to Ruthven, 138 y m.; total operated, 799 miles. Also owns, but
2
&
Nor., Albert Lea to Iowa State Line, 13 m.
The Minnesota Dakota ft Pacific Ry., Incorporated in Jan. 1906 with
$200,000 authorized stock, is building extension from Watertown, S. D.,
west to Missouri River at Le Beau, S. D., and northwest to Leola, S. D.
See "Bonds" below, V. 82, p. 161, 392, 1102.
HISTORY. A reorganization in Oct. 1894, per plan in V. 59, p. 371, of
Railway foreclosed under improvement and equipment mtge.
In June 1900 persons identified with Minn. & St. L. obtained control of
the Iowa Central Ry.; V. 70, p. 1249. The Des Moines & Fort Dodge RR.,
control of which was acquired In 1904, Is leased for 30 years from Jan. 1 1905.
V. 78. p. 2335; V. 79, p. 269, 1704; V. 81, p. 1430.
STOCK. Common, 56,000,000; pref., 5 % non-cum., 54,000,000. After
on each, both share pro rata.
5
DIVIDENDS.— 1 '96. '97. "98. '99. '00. '01. '02. '03. "04. '05. 1906.
Preferred
5
%\
3J^4H
leases to Bur. C. R.
—
—
%
555555
33
5
zy
None
4
5
%J
1 J^
2
Bonds Issued under the mtge. due June 1927 numbered
&c.
from 1,101 to 1 .400, for $500 each, additional to those above, were assumed
by Burl. Cedar Rap. & North, (now Ch. Rock I ft Pac).
Common
BONDS,
—
The refunding
As to first consol. mtge., see abstract V. 59, p. 1145.
mtge. of 1899 limits the first consols to 55,155,000.
First refunding mtge. of 1899 Is for 525.000,000, of which $10,000,000 reserved to retire underlying bonds and $5,341 ,000 for future extensions, improvements, &c, under severe restrictions. The mtge. is a first lien on 283
miles of road, &c, and a blanket lien on rest of property, and Is further secured by deposit of 52,530,000 Des Moines ft Ft. Dodge com. stock. V. 68,
See application to list, V. 69,
p. 187. 332; V. 7"9, p. 2147: V. 80. p. 2220.
p. 32. Equip, tr. notes, 565,898, payable 54,707 monthly to Sept. 19 1907
The $5,000,000 5% notes of 1906, which have been sold, will be issued
from time to time as required, for the construction of about 240 miles of
road from Watertown, S. D., westerly. They will be secured by the $6,250,000 Minnesota Dakota ft Pacific 1st gold 4s and the latter's entire stock.
V. 82, p. 392, 692, 1101'; V. 83, p. 38.
The $3,072,000 Des Moines ft Ft. Dodge 4% bonds dated Jan. 1 1905
are guaranteed, principal and interest. V. 79, p. 1704, 2696.
EARNINGS.— 11
mos.,
1905-06
J1904-05
.Gross, $3,399,992; net, $1,279,029
Gross, 2,765,510; net)
996,035
For 11 mos. ending May .".l 1906, other income, $171,398, against $110,501) In 1904-05; charges, $1,004,004; against $929,048; bal., sur., $445,823,
against $183,557.
REPORT. Annual meeting first Tuesday In Oct. Report
for 1904-05 was In V. 81, p. 1430.
1904-05.
Year ending June 30
1903-04.
1902-03.
Average miles operated
720
642
642
July
1
to
May
31.
..
—
ANNUAL
Passengers
Freight
Mall, express,
$897,311
2,021,993
157,452
$901,939
2,224,520
139,013
236,075
$2 ,850 ,565
$1,049,263
275,248
$3,265,472
$1,237,530
217,415
$1,366,456
$1,020,370
01,737
20,848
(5)200,000
Gross earnings
Net over taxes
$825,830
1,878,058
146,677
$3 ,076 ,756
&c
$1,324,511
$931,417
50,045
38,942
(5)200,000
$1,454,945
$886,980
56,050
$1 ,i30,381
Other Income
Total net Income
Interest paid
Rentals
Miscellaneous
Dividend on pref. stock
Dividend on common stock
(2^)150,000
(5)200,000
(5)300,000
5
6
5
1,500,000
700,000
725,000
1,770,000
,096,200
,000.000
491,200
250,000
421,000
800,000
1,600,000
See text
150,000
250,000
5,854,000
323,375
210,000
~13
100 &c
Middletown Union & Water Gap 1st M ext in '86.. C*
500 &c
Second mortgage lnt guar ext In 1896 (see text) - _c*
293
1,000
Mid Val 1st M 520,000 p m gold red (text) ..GP.c*
25
Stock
Mill Creek & Mine Hill Navigation & RR
"53 1905
K
First M 5800,000 gold
1,000
Millen & Southwestern
Milwaukee Lake Shore & Western See Chicago & North Weste
Milwaukee & Lake Winnebago See Wisconsin Centra)
Milwaukee & Northern See Chicago Milwaukee & St Paul
42
50 " 4,210,200
Mine Hill & Schuylkill Haven Stock (6 % rental)
66 1891
500 &c
Mineral Range Cons mortgage (text) gold red at 105.
593,000
66 1901
100,000
General mortgage interest guar by Canadian Pac.F
1,000,000
20 1891
1,000
Hancock & Cal cons M gold red at 105 assumed.,
325,000
b 51 0,000 additlo nal In sin king fund.
a Exclusive of 5755,000 held by sinking fund,
—
Whom.
4g
3H
4M
3H
g
5
3g
3g
7
4 g
5g
5
5g
10
5g
"
&
&
&
J
&
M &
&
J
M &
Q—
M &
M &
J
&
M &
Q—
M &
J
&
&
J
ft
J
J & J
J
&
M &
&
J
J
&
J
&
A &
"
—
I
.
Owns
ST. PAUL & SAULT STE. MARIE RY.
main
Mich., via Minneapolis to Portal, North Dakota,
line from sauit ste. Marti
at the Internal lonal boundary line, there ci
as? with the Canadian Pac.
i .039 miles:
branches, Hani
D., to in march 214 m.; Olenwood to
Emerson, wlshek, ,\. D.. to Pollock, to m other branches, 202
spurn,
lao tracl
21 m.; total, July 1905, 1,811 mlli
In Minneapolis, St. Paul
(being replaced hy line owned. V. 83, p. 3
ult Ste Marie, 19 miles.
in ,\ov. 1904 extension from Olenwood, Minn., north to Winnipeg, 880
v. 77, p 768
miles, Included above, wai ooi
In
Dec. 190B
..
branches Thief River rails, \iinn
to
D.. 296 m
and from
were completed.
ESgeland to Armourdale, N, D., ;:i m
Exten Ion From
Burmarcb to Garrison, x. d., 20 m., was under coi
in
Ladysmltn
Contracts foi
to Owen, Wis., 45 m., under contract.
Erora Flaxton, \. i). west 50 m. and Hal four to Garrlsi
m were lei lii Mch.
1903.
ley, N. D., to Aberdeen, S. D., propo ied Jan, 1906
history. A consolidation In 1888 of Minn, s
Marie ft Atl.
See V. 46, p. 538, 809; V. 77, p, 628,
Minn. ft Pac., fte
stock. Canadian Pacific on .inly
1908 owned 87,088,000 common
and 83,533 100 preferred. Preferred stock baa a prloi right to 7% (non
cum.); d
v. 75, o 549.
ion to 7%; then share pro rata
MINNEAPOLIS
,
I
,
m
;
1
.
1
,
St.
NY
<riyn~Mifls,C~urYie&Co".Xo
F
Dec
1
May
"06 3
1910
116
Glyn,MlH8,CnrrtedsCo,,LiO Perpetual
J
May
See text.i Checks mailed.
A
Grand Cent Station, N Y
Reg at G C S; cp at G T
Reg at G C S: cp at U Tr
Union Trust Co, New Yk
Grand Cent Station, N Y
Union Trust Co, N Y
Grand Cent Station, N Y
Reg at G C S: cp at U Tr
Reg at G C S; cp at G Tr
J
N
J
S
S
N
J
S
S Grand Cent Station.
1906
N Y Mar
'06
1
1
%%
July 1906 2H
Dec 1 1989
Dec 1 1989
July 10 1907
Jan 1 1956
do
June
Jan
N Y
do
10 Farmers
L & Tr Co, N Y
New York
N New York Susq & W,N Y Nov
J
D
2H %
July 28 1906 2%
May
1952
Jan
1940
Mar
1931
Mar
1931
1909
Sept
Nov
1939
July
1941
Sept
1951
To june 1 1910
do
J Jackson. Mich.
Union Trust Co
D
D
do
J Office, Philadelphia.
J Philadelphia
O Hanover Nat Bank, N Y
J
J
%
1911
191^
1
1954
July 1906 5 %
April 1 1955
1
1
&
&
&
&
DIVIDENDS
Preferred (per cent)
Common (per cent)
BONDS. — Can. Pac.
1903.
7
1904.
1905.
7
4
7
2
1906.
Apr., 3)4
Apr., 2
the bonds
4
guarantees by endorsement 4 % Int. on all
assenting to a reduction of int. to 4 %. (See V. 50, p. 784; V. 51, p. 239.)
About one-half Minn. & Pac. bonds and practically all other Issues assented.
Abstract of Minneapolis Sault Ste. Marie & Atlantic mtge. In V. 45, p.
243.
The consol. mortgage of 1888, abstract V. 47, p. 142). was for $21,000,000 on 800 miles (sufficient of this reserved to retire prior bonds) and for
$20,000 per mile on all additions. V. 73, p. 185; V. 78, p. 820; V. 79, p.
1332; V. 80, p. 651. As to 2d 4s, see V. 68, p. 669,771, 977; V. 71, p. 645.
LATEST EARNS. 11 mos. ,\1905-06, Gross, $10,558,762; net, 5, 364, 369
July 1 to May 31.
7,925,773; net, 3,837 ,692
J 1904-05, Gross,
Cal. year 1905, net, $5,201,424; charges, $2,331,032; sur., $2,870,392.
REPORT. Report for year ending June 30 1905 was in V. 81, p. 1041.
Year
Gross.
Net.
Int., taxes, &c. Equip., &c.
Bal., sur.
1904-05
$8,716,622 $4,214,015 $2,150,599 $386,550 $1,676,866
1903-04
6,993,498
3,246,718
1,859,472
250,000
1,137,246
Dividends of 7 % on pref. call for $484,687 yearly and of 4 % on common
$554,012 yearly.
(V. 81, p. 1666; V. 82, p. 629, 869; V. 83, p. 38.)
—
— —
—
MINNESOTA TRANSFER RY.— Union
road, owning 13.54 miles, exPaul at Merrlam Park to Frldley (with stock yards, &c); side tracks, 45.72 miles; total, 59.26 miles. V.
67, p. 956. Stock, $70,000, equally owned by Chic. Milw. & St. Paul, Nor.
Pac, Chic. St. Paul Minn. & Omaha, Minn. & St. Louis, Wisconsin Cent.,
Chic. Burl. & Quincy, Great North., Chic. Gt. West., Minn. St. Paul &
Sault Ste. Marie and Chic. Rock Island & Pacific.
Additional bonds can be Issued for property and Improvements as required.
Principal only Is payable In gold.
Mtge. trustee, Northwestern
Trust Co., St. Paul, Minn.
(V. 66, p. 1238; V. 67, p. 956.)
tending from junction with Chic. Mil.
&
St.
—
MISSISSIPPI ARKANSAS & WESTERN RY.— Owns from a point In
Drew County, Ark., to Gaines Landing, on the Mississippi River In Chicot
Stock authorized, $220,000.
Year ending June 30
Pres., A. P.
1904, gross, $25,389; net, $15,529; int. on bonds, $11,000.
Bliss, Saginaw, Mich.; Sec. and Gen. Mgr., A. F. Cook, Little Rock, Ark.
County, Ark., 22 miles.
(V.
75,
p.
442.)
CENTRAL
RR.— Owns Hattiesburg, Miss., to Brook
miles, of which Silver Creek to Brook Haven, 29 m., opened
Extension building from Brook Haven to
V. 81, p. 155.
Natchez, 86 m.; also proposed from Hattiesburg to Scranton, 80 m. Stock(?)Bonds (limited to $5,000,000) are issuable at $20,000 per mile; they are subject to call In the order of numbers at par by a yearly sinking fund of $500
They are guaranteed
per mile of road covered, and as an cut ire issue at 110.
V. 81, p. 1849; V. 82, p. 101,
principal and Interest by U. S. Lumber Co.
1040.
For 4 mos. eedlng April 30 11106, gross, $151,102; net, $77,721;
For calendar
taxes, $1,004; betterments, $4,180; bal. for Int., $71,231.
year 1905, gross, $390,435; net, $191 ,205; taxes, $4,729; betterments,
Pres., F. L. Peck; Sec. and Trcas.,
$21,459; bal. for Int., $105,077.
(V. 83, p. 38.)
C. P. Davidson, Scranton, Pa.
MISSISSIPPI
Haven, 84
June 1900.
—
MISSOURI & ARKANSAS RR. — Seligman,
Mo., at a connection with
To be extended to
Louis & San Francisco to Leslie. Ark.. 128 u miles.
Joplln, Mo., on the west and to Helena. Ark., or Memphis, 'i'enn., on the
Successor per plan V. 82, p. 569, 510,
east, making a total of 370 miles.
The
1440, of the St. Louis ft North Arkansas, foreclosed May 29 1906.
lie secured by all the property In operation and extensions.
notes will
Tor year ending June 30 1905, moss. $257,999; net, $70,0 is; ot her income)
Pres.,
$44,400; int., $153,275; taxes. ftc. $14,935; bal., del., $47,186.
John Scullln.— (V. 82, p. 1440.)
MISSOURI & ILLINOIS BRIDGE & BELT RR. Has bridge 2,100 feet
long across the Mississippi River at Alton. 111.; also 2 miles of road. Owned
by 10 of the 14 proprietary roads of the Terminal RR. Association of St.
Louis, viz.: ClcVe. Cine. Chic. & St. L., Louisville ft Nashville, St. L. Iron
Mtn. & South., Bait & Ohio, Missouri Pac, Wabash, Chic Rock Island &
Pac, St. L. ft San Fran., Mo. Kan. ft Tex, and St. L. Y'andalla ft Terre
Haute (Penn. RR. system). Incorporated In Aug. 1904 as successor of the
St. Clair Madison & St. Louis licit Kit. V. 79, p, 1842, 081. Stock, $2,500,000; outstanding, $110,000. The Illinois State Trust Co. of East St. Louis
and Edwards Whltaker arc trustees under the mortgage of 1904. V. 80, p.
711
Pres., A. J. Davidson; Treas., P. 11. Hamilton; Sec, G. L. Hail.
V .so. p. 7
V 82. p. 1380.)
Office, Lincoln Trust Building, St. Louis.
MISSOURI KANSAS & TEXAS RY.— ROAD.— Operates a line with
northern termini at St. Louis, Kansas City and Hannibal, Mo., extending
southerly across the Indian Territory and the Texas cotton licit to tidewater
al Galveston, on the Qulf of Mexico! and to San Antonio, Tex., and Shrcveport, La., with brandies.
op* -rati tl — not owned.
Miles.
Miles,
itmui owned
Wichita Falls Ry.
ul8
Missouri Kan. A Tex. My.
Hid River, Tex.. .829 Denlaon Bonham ft N. o. RR...<i24
St. Louis to
ulO
..104 Dal. Oleb. & Southwestern
to Franklin Jol
Hannibal
4
Dewey, 1. T., to Bartleaville
Branches to Paolaand Parsons,
\n In, Tex., terminals
2
Kan.; Oklahoma City and
Operated luintiu.
Quthrle, (). T.. and Wybark
24
921 st. Louis to Texas Junction
Atoka. I. T.. ftc
and
Kansas City to Paola
43
Mo. Kan, ft T. Ky. of Texas
71
Red River to Houston, Tex ..648 Whltesboro to Ft. Worth
Iola t0 Plqua, Kansas
7
1 12
)enison to Henrietta
end
fl50
470 Galveston Houston &
ot her branches
St.
—
1
Bal., surplus for year
sur$57,405 dcf$52,022
$11,915
OFFICERS.—Pree., Edwin Hawley, N. y.j V. -P.. L. F, Day; Sec, Jos.
Minn
Gaskell.
II. Davis. 25 Broad St., New York.
Directors
E. Hawley, n. E, Huntington, James N. Wallace. F, E.
Palmer. F. II. Davis. John E. Searlea, New York: L. 0. Weir, N. Y.; Geo.
Da,., Minneapolis.
Crocker, \. Y.: I,.
(V, 83, p. 38.)
Dividend.
Beaver
Office, 82
N
Stocks
J Office, 119 S 4th St, Phila July 16 '06 3%
j'44 Wall St, New York
Jan 1 1931
J
J All owned by Can Pac
Jan 1 1951
5 g
J
J |44 Wall St, New York
Jan 1 1931
Of whic h 516,81 4,300 held by N Y C & H R RR Co.
5H
4g
4 g-5 g
c
& D
J
£1,000,000 See text.
£587,880
4
cl8, 738,000 4 In 1906
14,000,000
3H g
2,600,000
4
4,000,000
5
1896
100
270
115
Payable.'
%
£10 £2,254,7201
£10 £2,55.1,101) See text M
£10 £1,011,960
£10 £i .000 .000
6
J
8%
stock 6%
Second preference
-Perpetual 0"o debenture stock.
Mexican So Ry Ltd Ordinary shares £1,000,000
Second M 4 % deb stock £600,000 red at par 90 years
Michigan Central Stock
G.c'&r
First mortgage 518,000,000 gold
Un.c&r
C Michigan Air Line first mortgage
C 1st M on Det & Bay City ($4,000,000) ...Un.c
r
bonds without coupons
do
do
C first mortgage on Grand River Valley RR. Un.c*
C first mortgage on Kalamazoo & S Haven.. Un.r
c&r
Term 51.500,000 V 64, p 886)
C 1st
Mich Cent 1st
on Jack Lans ft Saginaw gold. c*&r
Car trusts (reg part ctfs) guar Amer C & F..SSt
Jack Lans ft Sag stock 3 3^ % yearly guar by end..
Grand River Valley stock rental In perpetuity
Bay City & Battle Cr 1st M g guar p & 1 end..Mp.c*
Battle Cr & Sturgls 1st M g guar p & 1 end..Mp.c*
guar p & (end) ..c
Joliet & Northern Indiana 1st
Where Payable, and by
—Princi—Last
When Due.
pal,
When
Rate
a905,000
1,000
First preference stock
M
M
M
M
M
Bonds
Size, or
of
see notes
page of tables.
first
[Vol. lxxxiii.
I
.
1
:
.
—
-
1
-
1
1
1
,
I
.
.
.
1
—
—
i
Total operated June 30 1905-3,043
[a see his company.)
ORGANIZATION Ac Reorg. 1890 without foreclosure. V. 49,p.719.
The $12,890,000 stock of the "M. K. ft T. Railway Co, of Texas" Is owned
v .,1 p 1017: V, 55, p, 298). \i. K. 4 Eastern waa merged in 18117, K. 0.
In 1899. Sher. Sli. ft So. In 1901 and Mo. Kan. ft Okla. Ult. and
ft Pac
In 1904, V. 74, p. 1088.
140: V. 75. p, 808, 1080; V. 76,
ft Okla. Itli
New cut olt to San Antonio opened July
p 480, 1249; V. 78, p. 2012.
.•'.•
•!•.•:•_•
-,..-.
iLJ-'l-*?.
1906, V. 83, p. 96,
Total owned
2.700
t
—
In
I
,
•
•
July,
1906. J
RAILWAY STOCKS AND BONDS.
89
RAILWAY STOCKS AND BONDS.
90
INTEREST OR DIVIDENDS.
RAILROADS.
Date
column headings. &c,
of
on
page of
first
see notes
Par
Amount
Value.
Outstanding
of
Road. Bonds.
tables.
—
Ce
Minneapolis & St Louis Common Stock
Ce
Preferred stock (V 70, y 1150) 5% non-cum
..FP.c*
First
Minn to Merriam Junction trold ..
Merriam Junction to Albert Lea gold.F.c*
First
Iowa exten 1st gold (Alb. Lea to Ft Dodge)g.Ce.c*
Mortgage on Southw exten gold ($12,000 p m) -Ce.c*
Ce.c*
Pacific extension first mortgage gold
First consolidated
Ce.C&r
$5,282,000 gold
First & ref
$25,000,000 gold ($18,000 p m)..Ce
Gold notes $5,000,000 sec by coll red par beg '08 .Ce
Minn Dak& Pac 1st
$50,000,000 g red 105. Ce.c* &r
Minn St Paul & S Ste Marie Com stock $14,000,000
Preferred stock 7 % non-cumulative
gold. -Ce.c*
Minn Sault Ste Marie & Atlantic 1st
Ce c*
Minneapolis & Pacific first mortgage
Ce.c*
Cons mortgage gold Int guar (end) see text
Second mortgage $5,000,000 gold int guaranteed.Ce
Minnesota Transfer first mortgage ($574,000 are 4s) .c
Missouri & Arkansas Notes, $6,000,000 gold
AC
Mississippi Arkansas & Western
1st
gold
Miss Cent
1st M $5,000,000 gold guar red (text)-S.c*
Mo & 111 Br & Belt— St
& St L B.lst red g-SSt c*
Consolidated mortgage $2,000,000 authorized gold..
M
M
M
27
81
102
53
92
—
4%
1880
1894
1899
1906
1906
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1,000
1,000
1,000
1,000
1,000
18S6
1886
1888
1899
1886
1906
1902
1905
1901
1904
2,116
2,116
22
84
1,000
1,000
1,000
1,000
100
100
non-cumulative.
.Ce
mortgage gold
.. ..
Me
Second mortgage gold .
Ce.c*
First extension mortgage gold $3,254,000
F.c*
St Louis Dlv first refunding mortgage
Missouri Kansas & Eastern 1st M gold assumed.. Ce
being retired.
Second mortgage guaranteed
Sh Sh & So 1st M ($20,000 p m) gold assumed.Ce.c*
Ce.c*
Kansas City & Pacific Is M gold assumed
M K & Okla 1st M $5,468,000 gold assumed. .Ce.c*
Texas & Okla 1st M $2,347,000 gold assumed.Ce.c*
First and refunding M $40,000,000 gold (see text).F
General mortgage $20,000,000 gold sinking fund N c*
Of which field in treasury July 1 1905: b $495,000:
500 &c
500 &c
1890
1890
1894
1901
1892
1892
1893
1890
1902
1903
1904
1906
4,100
1,601
1,601
First
164
162
162
202
130
277
117
1,648
c $17
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
d $39,10
—
LAND
GRANT. Land grant in Indian Territory, 3,110,400 acres, subject to Indian title. See V. 79, p. 903, 1281; V. 81, p. 668, 1042; compare
V. 67, p. 222; V. 55, p. 937; V. 61. p. 1155; V. 77, p. 2339; V. 82, p. 1102.
STOCK.
preferred
— Common Increased 1904 by
$13,000,000 4 % non-cumulative.
$7,200,000 to $63,300,300;
Par of shares, $100.
In
Is
DIVIDENDS.p. 805.
2%,
-Semi-annual on pref.,
May
paid
V. 82,
10 1906.
—
BONDS. M. K. & T. 1st and 2d mtges. of 1890 (abstracts in V. 51, p.
495) cover line from Hannibal, Mo., to a point 80 m. from Houston, Tex.,
941 m. (except 71 m. of trackage) and sundry branches, the total mileage
mortgaged being 1 ,601 m., including the Sherman Shreveport & So., but see
below. These mtges. also cover the right to the land grant in Indian Ter.
The Missouri Kansas Eastern bonds originally guaranteed were assumed
In June 1896, the road forming the St. Louis extension from Franklin, Mo.,
See V. 63, p. 30. Of the St. Louis
to Texas Junction, Mo., 162 miles.
division 1st refunding bonds, $4,666,000 were reserved for the retirement
of both Issues, the balance being for extensions and improvements on the
division.
V. 72, p. 1034; V. 75, p. 608.
Southern mortgage is for $6,000,000 at $20,000
The Sherman Shreveport
per mile; issued, $3,689,000, of which $2,000,000 pledged under M. K. &
T. mtge. of 1890. The bonds, formerly guaranteed, were assumed upon
V. 72, p. 1034, 1115.
consolidation In May 1901.
The Missouri Kansas & Oklahoma and Texas & Oklahoma bonds. Issued at
$20,000 per mile, guaranteed, have been assumed. V. 74, p. 1038; V. 75,
p. 185. 733; V. 77, p. 252; V. 78, p. 48; V. 79, p. 968.
Of the 1st and refunding 4s of 1904 ($40,000,000 authorized Issue) $12,037,000 Is reserved to retire divisional mortgages at or before maturity;
balance unissued ($22,781,000) for future purposes. They are payable at
the option of the holder in sterling, marks or francs. V. 79, p. 968, 1281,
1332; V. 80, p. 222, 712; V. 81, p. 613; V. 82, p. 987, 1497.
Stockholders voted March 3 1906 to authorize an issue of $20,000,000
sinking fund 30-year gold bonds, secured by lien on all the
gen. mtge. 4 14
property now owned or hereafter acquired from the proceeds of the bonds.
The bonds will provide for payment of the outstanding equipment notes
($4,591,536 on June 30 1905) and future requirements. Stockholders were
offered the right to subscribe for the $10,000,000 present issue (which was
of their respective holdings) at $875 per $1,000
underwritten) pro rata (13
bond, payable $300 on Mch. 12, $300 May 12 and $275 Sept. 12 "06, or optionally in full on any Instalment date.
V. 82, p. 218, 334, 692.
&
&
%
%
GUARANTIES. —The
Boonvllle Bridge 4s are guaranteed, principal and
V. 73. p. 494.
as to sinking fund beginning 1911.
Texas mortgage secures $10,000,000 of bonds at
T. of
$20,000 per mile for extensions In Texas. They are guaranteed principal
and interest. See above, and guaranty V. 56, p. 604.
The Southwestern Coal
Improvement Co.'s bonds are guaranteed. Mortgage ($1,000,000) covers the coal on 51,000 acres in Indian Territory, and
the company also owns 2,350 acres additional, the Denison & Washita Ry.,
20 miles mines in active operation, &c.
and also
The M. K. &
Interest,
&
LATEST EARNINGS.—11 months
months
11
—
Gross.
1905 08
1904-05
Net.
$19,539,660
18,642,912
...
$5,287,315
4,894,547
ANNUAL REPORT. — Annual
*•'
31:
< ruling
June 30
—
Average miles operated.
Passenger earnings
Frelghl
Mall, express,
.
&c
1905.
3,043
$4 ,935,592
14,134,335
971,168
1904.
2,884
$3,802,202
13,102,910
first
Monday
1902.
2,500
$3,040,842
12,632,692
717,865
1903.
2,60
1
$3,160,455
13,256,900
790,838
861,484
•
Surplus.
$1,169,242
1,000,475
Charges.
$4,118,073
3,894,072
meeting first Thursday after
Report 1904-05 was given In V. 81, p. 971, 1041.
In April.
Yrnr
endlngjMay
\ei earn., ine
Interest on bonds
Rentals, &c.
$20,011,0:).-,
.
$ 17,70c, 595
12, 997, 710
$17,208,193 $16,391,399
12,449,083
11,871,564
ln.*S5,528,556
... $3,864,718
396,647
$5,065,608
$3,316,172
703, 11C8
$4,858,075
$3,291,396
467,363
$1,267,191
$1.000,.'108
$1,099,910
Balance, surplus
•$125,181
14,937,720
$4,558,648
$3,226,844
417,865
$908
,;>:!'.)
1905, $.'110,723 In 1901, $99,505 In 1903, $33,813 In 1902.
Pn
.Frederick rorton Finney, St. Louis; V.-P., Colgate
Hoyt; V p. and Gen. Mgr., a. A. Alien, St. Louis; V.-P, and Treas.,
< lie. I-. ...
O.
c. iv. wiiN. 1,. ad, 1:1 Wail si.
c
Directors -Adrian II.. Inline, Colgate Hoyt, Henr.\ W '. Poor, ("has (I.
Brown Potter, Adrian H. Jollne and John Greenough, New
land, ').; p, n
Finney, A. a. Alien and
lam.
Hs
"<n.
St. Louis, Mo.: I'., i'. McDona
dfred .1.
lie Man/, I.
1.
11
dam, Holland; anil Alfred w. Smith.
London, Eng. <\ 82, p 869, 987, 1269, 1323, 1497; V. 83, p. 96.
111
.
,
.
,
1
\
•
MISSOURI OKLAHOMA & QULFjRY.— V. 81 .Jp.'jl K
Mi Missouri PACIFIC RY.
[See Map.)
Operati an
!
1
tern extendtni
.1.1.
main lines from si
Pueblo, Col., 624 m., with
.
Louis iron Mt.
Southwe
(sec v.
ft
St.
1
Soul
,
many branches
llooi.
1
>i..
.
Ml
lOmi
Can.
i
li
Ion
& Pac., [ntei
era, the whole rormlng whs
83).
The Mo. Pac,
Is
thi
Cli
1
he St. Li
S
<Sc
1
A
M
F
g
4
j
g-
V
A
1905
4 in
7 in
1905A
&
4 g
4
5
J
(5)
J
J
J
4 g
4 s
&
4
V
5
5 g
5 g
J
5 g
J
4g
4g
J
J
See text. M
4 g
J
4g
5g
4g
5g
5g
5 g
4g
V
M
A
A
g
g
4 g
M
M
5
4^
g
J
do
do
do
do
do
do
do
do
1906)
3M%
1011
J
J
Amer Tr & Sav Bk, Chic- Jan
Harvey, Fisk & Sons.N Y July
Jan
Jan
J
J
19
Miles,
39
Con.)
Ol her lines
1
1,
&c._
2
N
U
do
do
do
do
do
do
do
do
do
do
1
O
()
L)
A
N
S
s
&
&
&
J
1
June
1
Aug
May
D
44
1.
Pa
I
branch
llnei
3, I9i
1
1
1
Sept
Sept
1
Jan
1
1
1922
1945
1951
1951
•06
2%
1990
1990
1944
2001
1942
1942
1943
1990
1942
1943
2004
1936
0.
Also owns all capital stock of Central Branch Union Pacific, &c, 388
miles; St. Louis Iron Mountain & Southern and leased lines, 2,356 miles.
Grand total Missouri Pacific mileage Jan. 1 1906, 6,236 miles.
Early in 1901 a large interest was acquired In the Denver & Rio Grande
RR., and so in the Rio Grande Western Ry., extending the system as far
west as Ogden, Utah. The Gould and Rockefeller holdings In the Denver
& Rio Grande are together understood to constitute a large majority of
entire capital stock.
See also "General Finances."
—
ORGANIZATION, LEASES, &c. The present company was a consolidation In August 1880, embracing the Missouri Pacific and minor roads.
Control of the International & Great Northern was secured in 1892 and of
Central Branch U. P. in 1898-99. See V. 68. p. 329, 520.
STOCK. The amount outstanding on Dec. 31 1900 was $50,432,150;
this was increased to $76,402,875 In 1901; in 1902 by $1,400,000.
DIVS. )'82 '83 to '87 '88 '89 '90 '91 '92 to'00 '01
1902 to July 1906
Per cent/ 6 J£ 7 yearly. 5 M 4
4
3
None. 2 y
5 yearly.
%
BONDS. The consolidated mortgage is for $30,000,000 trustees John F.
Dillon and Edward D. Adams the balance unissued is In trust to redeem
prior bonds due if deemed best.
Abstract in V. 47, p. 287.
The collateral trust bonds due 1917 (Union Trust Company of New York,
trustee) are secured by mortgage bonds of new roads at $12,000 or $15,000
per mile; these embracing the line from Fort Scott, Kan., to Pueblo, Col.,
&c. For securities pledged, &c., see V. 46, p. 678.
Collateral trust bonds due in 1920, see V. 50, p. 669, 874; collateral trust
notes due Feb. 1908, V. 82, p. 100.
The 4s of 1905 ($50,000,000 authorized issue) are to be secured by an
equal amount at par of Iron Mountain stock, the deposited stock to be
never less than a majority of the outstanding amount, the Mo. Pac. covenanting that it will not permit the creation by the Iron Mt. Co. of any stock
having preference or priority as to dividends or otherwise over the stock
pledged or the creation of any bonded debt of the Iron Mt. Co. In addition
to its bonded debt at present authorized, except to fund, extend or retire
such present authorized bonded debt, or for new property at a fair value not
exceeding cost. The remaining $25,000,000 is reserved for extensions, Improvements and betterments. V. 80, p. 712.
FINANCES. In 1903 the Missouri Pacific Railway Co. acquired $2,000,000 Wabash RR. preferred stock and the St. Louis & Iron Mt.
$6,500,000 additional, the latter also owning $5,435,000 of the debenture B
bonds, making the entire voting Interest held $13,935,000 out of a total of
$82,000,000 stock and voting debentures. V. 78, p. 1109. Syndicates In
which the Goulds are Interested have purchased the Western Maryland and
have completed a line connecting the Wabash with Pittsburgh and built
easterly to a connection with the Western Maryland and tidewater at Baltimore. The Gould Interests are also back of the West. Pac. Ry., building
bet. Salt Lake Cy. and San Fran. See V. 80, p. 1730. V. 79. p. 1023.
EARNINGS. 11 mos., 11905-06. ..Gross, $40,961,914; net, $13,211,141
Jan. 1 to May 31.
J1904-05_.. Gross, 39,847,232; net, 12,216,507
—
—
—
—
—
—
GENERAL
—
—
ANNUAL
REPORT. Fiscal year changed to end June 30. Interim
report for 1905, V. 82, p. 628.
Annual meeting Is held at St. Louis In Mch,
Report for 1904 was In V. 80, p. 1108, 1116; see edit., p. 1086. Earns, of
Missouri Pacific system have been as below.
"Other Income" In 1904 Includes: Int. on Tex. & Pac. 2d mtge. Incomes, $1,113,400: Pacific Express
Co., $252,000; Denver & Rio Gr. RR., $365,000; coal cos., $442,500, &c.
1903.
Year ending Dec. 31—
1905.
1904.
Miles operated
6,237
6,140
5,846
Total earnings
.$42,518,272 $43,693,617 $43,005,768
Net earnings
12,340,545
13,287,576 13,080,765
Other Income, &c
2,439,376
2,937,274
3.776,965
Total net Income
and rentals.
Taxes..
Sundry accounts
Dividends (5%)
Balance, surplus
OI'I'ICICKS.— Pros., George
Broadway, New York.
J.
.$14,779,921 $16,224,850 $17,457,730
$8,683,096 $7,718,109 $7,107,352
1,123, 250
1,298,771
1,225,240
1,282,337
1,538,645
1,100,906
3,890,115
3,890,868
3,890,867
2.031,700
3,096,378
del. 18 ,205
Gould; Sec. and Treas., A. H. Calef, 195
Directors -George J. Gould, Russell Sage, Edwin Gould, Samuel Sloan,
II. Ilvclc, Howard Gould, I'reil. T. dales, Frank J. Gould and .lames
Smith, New York; Charles S. Clarke, O. L. Garrison.
K. ISWIiv.
(V. 82, p. 628. 692.)
St. Louis, Mo.-S. Davlcs VVarllcld. llalto, Md.
II.
W
—
(2)
.
MISSOURI PACIFIC SYSTEM— ST. LOUIS IRON MOUNTAIN &
RY. OSes Map.) Owns St. Louis to Texarkana, Tex., Line,
—
SOUTHERN
Mo. (Cairo), Canulen.
490 miles; branches to llelmont. Mo., Bird's PI
\il,., Helena, Ark., Cllsliman, Ail;.. Arkansas City, Ark., Warren, ArU.,
Memphis, Tenn., &('.; Houston Central Arkansas ,V Northern Hallway, MeGehee, Ark., to Alexandria, La., 191 m.; White River branoh, Illinois Division, Memphis Helena & Louisiana, Knst & West 111. Ry., 1,285 m.i total
owned Jan.
1906 1.966 miles.
Leased Little Rook & Fori Smith and utile Rock Junction railroads, 172 m.; B in e
& Vrk, Vail. RR., iti miles
(acquired Mch. 1906); St, Louis Southwestern Ry., it miles.
Total oper
atea Jan.
1906, 2,356 miles.
"i $28,668,000 of the $24,983,093 Texas .v Pacific seeomis have
Holders
exchanged their bonds for 65% In new iron Mtn. gold -is bearing interest
hi.:
See "Bonds" below, also V. 68, i>. 329, 880, 17-1,520
1899.
i72, 619, 774,
'ine continuous low grade line from St. Louis to New Orleans by connection with the Tex. & Pao. R3 at Claj ton. La., is nearlng completion,
Theshorl line between Kansas Oltj and Memphis, via Carthage, Mo., and
Newport, Ark. was opened for through bu in ess in Jan. 1906
stock. —Stock authorized, $130,000,000; outstanding, $29,397,378, of
3D 1908 i.uneil by Missouri Pao. See below.
Which $29,335,100 \ p.
1900, 6; '01, 6; '02 to '04, 10 y'rlv: 1906,7.
DIVIDEND, in 1899,2
,,,,,.,' 001 to 18,000
He .are endorsed with the Missouri l'aelllc's guaranty of principal and
.
1
1
1
I
1
1
1
April
April
April
'
St.
1
Nov
do
do
do
do
do
do
do
do
do
do
•',',.
1,919
1
1
New York
1
MaylO
N New York
1) Office, 49 Wall St, N Y June 1
A
do
do
June 1
,
1 '
H%
do
do
do
do
O
do
N
s
do
A
do
A
do
Minn office; checks mail'a Apr 16 •06 2%
O
()
do
do
Apr 16'06
J Bank of Montreal, A' Y
Jan 1 1926
do
do
Jan 1 1936
J
do
do
J
July 1 1938
do
J
do
Jan 1 1949
A 1st Nat Bk, St Paul, Minn Aug 1 1916
i)
JJ
1)
M &
5
'
July 16'06 ZH
Jan 1 1907
June 1 1927
June 1 1909
Dec 1 1910
April 1 1921
Nov 1 1934
Mar 1 1949
Feb 1 1911
Feb 1 1956
.
"Gould
ran.
&
le
F
M
j
Jan 15 04 2
J Central Trust Co,
do
do
J
do
do
J
1
tl
had "with Texi
and
is
&,
j
5 g
4 g
J
—
Last
Dividend.
I
Important
Lo
md
i.'
Other main line
Branches owned
a
I
>
B
<;o, p.
Ulir, OH
St Loul
/..
1:1
In
A
J
7g
6g
5
N Y
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
Stocks
James
OFFICERS
,
Whom.
J
Interest
Gross earnings
Oper. exp. and taxes.
Where Payable, and by
636,000
1,382,000
5,282,000
b9 ,845,000
5,000,000
See text
14,000,000
7,000,000
8,204,000
306,000
38,105,000
3,500,000
1,478,000
See text
220,000
1,638,000
768,000
790,000
63,300,300
13,000,000
40,000,000
20,000,000
3,254,000
1,915,000
4,000,000
66,000
1,689,000
2,500,000
5,468,000
2,347,000
5,182,000
10,000,000
500 &c
1881
495
286
M
M
CM
Preferred stock
187!)
632
M
—
1
d4, 000, 000 5 in 1906
455,000
7 g
950.000
7 g
1,015,000
7 g
100
1,000
1877
1877
—
——
When
Payable.
I
%
1
M
M
pal.
Rate
$100 C$6,000,000 See text. J
M
Bonds- -PrinciWhen Due.
Size, or
of
Miles
For explanation
[Vol. lxxxiii.
July, 1906.
J
RAILWAY STOCKS AND BONDS.
91
RAILWAY STOCKS AND BONDS.
92
&
s\
o.
|
Salem
r
Vol. lxxxiii
^>
Washington
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MOBILE. JACKSON
4.
KANSAS CITY
TERMINAL PROPERTY
AT MOBILE.
fl.R,
II
I;,
:,,
MOBILE, JACKSON
KANSAS CITY R. R.
@
AND CONNECTIONS. v
July,
RAILWAY STOCKS AND BONDS.
1906.J
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For
^applanation of
on
Missouri Kansas
W
column headings, &c,
first
Date
of
of
see notes
& Texas — (Concluded)
...
1st
..
"67
225
As
Consolidated mortgage $30,000,000 gold
c*
Un.c'dsr
Gold collateral trust.
Me.c'
First coll M bonds for $10,000,000 gold.
Mortgage $50,000,000 gold red at 102H---Me.c*&r
Eq.c*
Two-year collateral trust gold notes
Let & Caney Val 1st M gold guar (V 70. p 1095) ..c*
1st M gold guar
Verdigris Val Independence &
283
283
13
296
55
1,076
1,120
671
__
52
81
W
K C & N W 1st M pref "A" gold lnt rent red 105. Me
Equip Ass'n obligations $203,000 pay Sept 1 yearly
do
Ser B gold $97,000 due Mar 1 yearly
do
do
do
Ser C, gold $282,000 June 1 yearly. Me
Ser D to F. gold $103,000 Dec 1 yearly
do
do
do
do
Ser G, gold $43,000 June 1 yearly
do
Ser H, gold $100,000 yearly.
do
St
LI
do
($45.000,000)gMe 0*
M &So Gen con & gr Mguaranteed & l..c*
gold stamped
do
1
p
Unifying & refunding M gold $40,000,000. Mp.c*
River & G Divs 1st M $50,000,000 gold-Me.c*&r
Car trusts K to M, due June, Sept & Dec yearly ..
Car trusts Ser N to P $355,000 or $357,000 yearly
Oar trusts Ser R & S $297,000 or 299,000 yearly..
Little Rock Junct 1st M guar p & by Ir Mt. . Me c*
gu p & 1 red 10 years 105
Pine Bluff & West 1st
Par
Amount
Value.
Outstanding
$1 000
1.000
1,000
1.000
1,000
1889
1904
1890
1892
1901
100
1.000
1,000
1868
1871
1872
1873
1876
1880
1880
1887
1890
1905
1904
1886
1886
1894
1902
1903
1903
1903
1905
1906
500 &c
500
1,000
500 &c
1,000
1,000
1.000
500 &c
5.000
1,000
1,000
500 &c
1,000
1,000
1.000
1,000
1.000
1,000
1.538 '81-'87
1,000
1,000
1,538
1899
1,000
1,538
616 1903 1,000 &c
*95-'03
2
1
M
Size, or
Road. Bonds.
page of tables.
M assumed sinking fd call at 125.
Waco 1st M $20,000 p m g.Ce.c'l Guar pr
Dallas
M K AT of Texas 1st M $20,000 pm.Ce.c* \& Inter.
Boonvllle Branch 1st M gold sink fd.Ce.c'J (end)
Missouri Pacific — Stock ($100,000,000 authorized)
Pacific RR of Mo 1st M extended In 1888 gold.. Me
c*
Second M ext In 1891 In gold St L to K C
First M St Louis real estate ext In 1892 gold
'93
First M Carondelet Br gold guar p&l (end) ext
Third M (cover all prop of Pacific RR of Mo) .Ce
Missouri Pac 1st M Lexington to Sedalla, Mo, gold
C & Imp
S
Equip bonds
93
44
1903
1905
1891
1903
1,000
1,000
1,000
1,000
When
Where Payable, and by
Payable.
Whom.
Rate
%
6
$968,000
221,000
4H
1,340,000
5g
4,505,000
5g
1.000,000
4g
77,817,875 5 In 1906
7,000,000
4g
2,573,000
5g
800,000
5g
237.500
4H g
3,828,000
7
650.000
5g
14.904.000
6g
14.376,000
5g
9,636,000
5g
25,000,000
4g
6,000.000
5g
520,000
5g
806 000
5g
1,026,000
5g
1,421.000
5g
582,000
5g
1,974,000
5g
872,000
5g
382,000
5g
5 g
900,000
36,768,000
5g
6.880,000
5g
30,469,000
4g
22,754,000
4g
1,951,000
5
5
2,299,000
2,383,000
5
435,000
6
880,000
5g
—PrincU
Stocks— Last
Bonds
&
J
Dividend.
J Office, 49 Wall St.
M & S
M & N
M & S
M & N
N Y
do
do
do
do
do
do
do
do
J, 195 Broadway, New York
July
Sep
1
1929
'06- Mar '11
Nov
1940
1942
Nov
1951
July20'06 Zyi %
J
&
F & A Mercantile Trust Co, N Y Aug 1 1938
do
do
July 1 1938
& J
J
do
do
May 1 1938
& N
do
A & O
do
Oct 1 1938
do
do
& N
Nov 1 1906
do
do
F & A
Aug 1 1920
M & N
do
do
Nov 1 1920
do
do
Jan 1 1917
& S
do
F & A
do
Aug 1 1920
do
do
M & S
Mar 1 1945
F & A
do
do
Feb 10 1908
do
do
July 1 1926
J
& J
do
do
Mar 1 1926
& S
do
& J
do
Jan 1 1933
J
do
do
Sept 1906-1912
do
do
To Mar 1 1912
do
do
To June 1913
do
do
To Dec 1914
do
do
To June 1915
Q
do
do
To March 1915
do
do
April 1 1931
A & O
A & O
do
do
April 1 1931
do
do
J
& J
July 1 1929
M & N
do
do
May 1 1933
Quarter
do
do
To Dec 1912
Townsend Whelen & Co To June 1913
do
do
To June 1914
A & Oj Mercantile Trust Co, N Y April 1 1916
A & OiNew York and St Louis Oct 1 1923
Sept
1
1
1
M
M
•
M
M
Q—
Q—
Q—
Q—
Q—
—
Q—
Q—
I-!
form of guaranty was In V. 56, p. 650; they are a first lien on 1 ,538
(V. 68. p. 85, 233, 520; V. 78, p. 704, 1224.)
The gold 4s of 1899 (first Issue $30,000,000) may be Increased not over
$10,000,000, at $12,000 per mile, for construction or acquisition and equipment of branches and extensions. They are secured by a lien (subject only
to the general consols on all the railroads, terminals and eauipment of the
company owned at the time of the making thereof and also a first and only
lien on all stocks and bonds formerly embraced in the trust of the gold funding note Indenture, all leased and branch lines, or their bonds and stocks
acquired by the loan, and all Texas & Pacific seconds acquired, future ex(V. 68. p. 619; V. 70, p. 997; V. 74, p. 206; V. 78, p. 704
tensions, &c.
1224.)
The River & Gulf Divisions 4s of 1903 (present issue $20,000,000) will be
secured by a 1st lien on 677 miles of road built or under construction (see
above) and on terminal property at St. Louis, East St. Louis, Cairo and
Thebes, and 8,000 acres of coal lands in Illinois, and deposit of the bonds of
Additional bonds may be issued up to a total
the Union Ry. of Memphis.
above) and on terminal property at St. Louis East St. Louis, Cairo and
of $50,000,000 at not over $30,000 per mile of main line for new construction, and $15,000 per mile of second track and branch lines, but not exceeding the actual cost, and for additional terminals, equipment, double tracks,
&c.
See also above. V. 76, p. 543, 600, 1085; V. 77, p. 1875, and application to list, V. 77. p. 2036, 2049; see also V. 80, p. 2459.
Pine Bluff & Western guaranteed 5s of 1903 (American Central Trust Co.
of St. Louis, trustee), see V. 78, p. 103; form, V. 78, p. 769.
On July 5 1905 the authorized issue of car trusts was increased from
$6,000,000 to $10,000,000; of this $2,689,000 was issued in 1905.
V. 80, p.
2622; V. 81, p. 155, 1666.
REPORT. Fiscal year changed to end June 30. Report for
1904 In V. 80, p. 1109, showed:
Year ending Dec. SI
1904.
1903.
1902.
Interest;
miles.
—
—
ANNUAL
$19,788,829
Gross earnings
Netearnings
6,988,100
Other receipts
1,493,923
Total net Income
8,482,023
Interest on bonds
3,963.688
Taxes, bridge exp., rentals, &c_.
1,197,365
Dividends
(10 %)2,578,831
—
$19,575,350
6,720,285
1,428,572
8,148,857
3,624,601
1,056,512
(10)2,578,831
$17,640,578
6,634,320
1,274,607
7,908,927
3,170,531
936,591
(10)2,578,831
Balance for year
sur$888,913 sur$l .222.974
surS742,139
(V. 80. p. 2622; V. 81, p. 1551. 1666. 1724; V. 82, p. 220,930, 1102.)
MISSOURI RIVER & NORTHWESTERN RY.— Owns Rapid
City to
reorganization Apr. 1904 of
Mystic, S. D., 35 miles, opened Men. 1906.
A
the Dakota Pacific RR. Stock, $500,000 each of com. and 4
cum. pref.
par of shares, $100. Bonds are subject to call at 105 after June 1 1914. Cleveland Tr. Co., trustee. V. 81. p. 1610. Pres., C. D. Crouch; Sec. and Treas.
T. H. Saunders. Office, Rapid City, S. D.
(V. 81 p. 1610; V. 82, p. 568.)
MOBILE & BIRMINGHAM RR. (See Map. Southern Ry.)— Mobile to
Marlon Jet., Ala., 149 miles; opened In July 1888. Leased to Southern Ry.
from Mch. 1 1899 for 99 years, the latter agreeing to meet the Interest on
bonds and to guarantee a dividend on the $900,000 pref. stock of 1 % for
first year. 2
for second year and 3
for third year, and 4
for the fourth
year and thereafter. The $900,000 common stock is owned by Southern Ry.,
and the voting power on the preferred Irrevocably assigned to Southern
Ry. during lease; V. 68, p. 429, 1134- V. 69, p. 391; V. 71, p. 1013.
(V.72,
%
—
%
—
,
%
%
—
p. 137.
MOBILE JACKSON & KANSAS CITY RR. — (See Map.) — Operates:
Road owned
—
Miles.
\
Road
controlled
—
Miles.
to Decatur
167 Gulf & Chicago (leased 99 vrs.),
Beaumont. Miss., to Hattlesburg. 27
Decatur, Miss., to Mlddleton,
Elllsvllle Jet. to EUlsville, Miss..
Tenn
6
203
Mobile, Ala
.
1
Total main track owned
Total
203
200
Total road owned and leased (100 miles 60-lb. and 303 m. 70-lb. steel) .403
STOCK.— M. J. & K. C. RR
$4,000,000 common; par. $100
Gulf & Chicago Ry
do 100
5,000,000
do
fTBONDS.— M. J. &K.C.RR. $4,000,000 1st consol. mtge., covering 200
miles main track and valuable terminal property In Mobile Harbor; $36,000
of old 1st mtge. 5s still outstanding, for which an equal amount of consols
are reserved. The 1st consols are subject to call at 110. V. 77, p. 822; V.
70. p. 687; V. 78, p. 48; V. 81 p. 1315.
Gulf & Chicago Ry. $5,000,000 1st mtge. 5s; the $4,000,000 Issued cover
203 miles of track. Bonds guar. prin. & Int. bvM. J. & K. C-RR. Co. bv endorsement on each bond. Both Issues limited to $20,000 per mile of main
1
,
—
HISTORY, &c. Opened In 1861; securities readjusted In 1879. Lands
June 30 1904 were 242,229 acres, valued at $133,226.
In 1905 the Southern Ry. had acquired $8,035,000 of the $9,472,000 gen.
4s and $5,670,200 of the $6,070,600 stock, issuing, dollar for dollar, Its coll.
trust 4 % gold bonds In exchange for the M. & O. gen 4s, secured by a pledge
of the latter and also stock trust certificates for stock, dividends being paya-
O.) at 4% in perpetuity thereafter.
Road operated indepenV. 72, p. 241, 483.
DIVIDENDS.— 1898, 1%; 1903, 2; June 1904, 2%- 1905, 4%; 1906,
June, 3%. See paragraph above.
STOCK. Stock authorized, $10,000,000; outstanding, $6,070,600; par,
The voting power on $4,984,200 of the stock Is exercised by the gen.
$100.
mtge. bondholders by virtue of the deposit In trust under the general mortgage of the old debentures of 1879.
BONDS. Under the general mortgage of 1888 there can be no foreclosure
till four coupons are in default.
Mortgage abstract, V. 47, p. 83. V. 60,
Interest on $4,000,000 St. Louis & Cairo 4s Is guaranteed. As to
p. 967.
Mont. Div. 1st 5s, see application, V. 66, p. 1045.
Of the $2,500,000 collateral trust 4s of 1900, $2,167,000 were issuable in
exchange for the $6,500,000 St. Louis & Cairo stock. See V. 70, p. 532. In
1904 $6,492,000 stock had been exchanged.
EARNINGS. 11 mos., 1 1905-06
Gross, $8,635,634; net, $2,788,272
July 1 to May 31.
1904-05
Gross, 7,568
/
net, 2,421,367
REPORT.— Report for 1904-05 in V. 81, p. 1371.
Year end. June SO
1905.
1904.
1903.
1902.
Miles operated
926
912
874
874
Total gross earnings
$8,267,601
$7,739,706 $7,486,980 $6,509,488
Net earnings
2,616,716
2,339,796
2,275,809
2,020,302
Net., lncl. oth. income..
2,744,052
2,462,826
2,377,939
2,130,667
Interest and rentals
1,754,725
1,677,587
1,630,663
1,589,107
ble (A.
—
—
—
—
Balance, surplus*.
car trust 4 ^s of 1905 mature $15,000 quarterlv to July 1906; thereafter $14,000 quarterly to July 1910.
V. 81, p. 1550.
EARNINGS.— For 11 months ending May 31 1906, gross, $1,033,352.
against $627,745 In 1904-05.
For year ending June 30 1905. In V. 82. p. 97. showed (259
average miles): Gross, $677,528; net. $273,489; charges, taxes. &c, $254,652; bal., sur.. $18,837. In 1903-04 (180 average miles), gross, $528,017;
net. $233,009.
OFFICERS.— Pres., Bird M. Robinson. 5 Nassau St., N. Y.: Chairman
of Executive Commlttet W. D. Stratton; Sec. and Treas.. Geo. W. Crarv.
Directors
W. D. Scratton, Alex. McDonald. Bird M. Robinson, J. T.
Odell. E. K. Stallo. Charles E. Levy. R. W. Jones Jr.. of New York; F. E.
Dewey. C. D. Wllloughby, Gen. -I. E. Whiting, Mobile: E. E. .Jackson. Baltimore, Md.— (V. 79, p. 2748: V. 81, p. 1315. 1550; V. 82, p. 97, 1212.)
REPORT.—
—
.
MOBILE & OHIO RR.— (.See Afnp So. Ry.)— Owns from Mobile, Ala., to
Columbus. Ky.. 472 miles, proprietary line. Kentucky 4 Tennessee RR. to
East Cairo, 21m.; branches to Columbus. Mlss.&c. 34 m.; Columbus. Miss.,
to Montgomery, Ala.. 167 m.; Mobile & Bay Shore Branch 38 m.: with Warrior Branch. &c, 23 m.. and Blocton Branch. 12 m.; total owned. 767 miles:
St. Louis & Cairo (leased). Cairo to St. Louis, 152 m., with branch to MI1Istadt, 7 m.; total June 30 1905. 926 miles.
$989,327
$785,239
$747,276
$541,560
Equipment and new construction (additional to operating expenses)
cost $417,510 in 1901-02, $334,650 In 1902-03, $451,799 In 1903-04 and
$581,233 in 1904-05; in 1902-03 dividends on stock, $107,412 (2%) were also
paid; in 1903-04 2%, $121,412, and in 1904-05, 4%, $242,824.
(V. 81, p.
1315, 1371; V. 82, p. 568.)
&
RR. (See Maps N. Y. Central.) Owns from
Herkimer, N. Y., to Malone, with branches, 182 miles in all.
HISTORY. LEASE.
In 1893 N. Y. Central leased the road and
*
MOHAWK
—
—
MALONE
&c—
guaranteed its 1st mtge. bonds. New York Central owns the $5,000,000
stock, on which dividends of 4 % yearly are paid. In 1902 a new lease In perpetuity was made and $10,000,000
consols authorized, of which $2,500.000 reserved to retire at maturity the first mtge. bonds and $3,600,000
for improvements and enlargements.
(V. 74, p. 630, 830, 937.)
"MONON." See CHICAGO INDIANAPOLIS & LOUISVILLE RY.
MONONQAHELA RR.— Brownsville, Pa., to Redstone Jet., 35 miles,
connecting with the Pittsburgh & Lake Erie and Pittsburgh Virginia &
Charleston (Penn. syst. lines) which guarantee the bonds (see table above),
principal and Interest, by endorsement. Stock, $1,428,000.
Penn. RR.
and Pittsburgh & Lake Erie each own $714,000 stock. Year ending Dec. 31
1905. gross. $710,783; net. lncl. other Income, $244,320; charges, $92,509;
extraordinary expenditures, $101 ,055; bal., sur.. $50,757.
MONONGAHELA RIVER RR.— Road from Fairmont to Clarksburg. W.
Va., 31 miles. Road opened In 1890. B. & O. owns all of the $1,300,000
stock (par $100) the coal bonds being reduced to $1 ,000,000. Car trust 6s,
principal Apr. 1 1905, $209,000.
(V. 70. p. 1092.)
MONTANA RR.— Lombard, Mont., to Lewistown. 157 m. and br. 6 mile*.
In May 1906 the Chic. Milw. & St. P. acquired the road.
V. 82, p. 1212.
3H%
—
—
,
—
,
Stock, authorized, $3,500,000. all outstanding; par of shares. $100. Of
the $2,000,000 bonds issued on first 100 miles. $999,000 are stamped redeemable at 105 and Int. on 6 months' notice, the remaining $1 .001 .000 being held June 30 1905 by the Northern Pacific Ry. as collateral for $392,865
notes. No bonds Issued on remainder of road. Year ending June 30 1905
(partly estimated) gross, $285.999.
(V. 82, p. 1212.
MONTGOMERY & ERIE RY.— (Sec Map Erie RR.)— Owns Montgomery
to Goshen, N. Y.. 10 miles. Leased In 1872 to Erie RR. (which see). Rental
Is $16,000 per annum.
Stock. $150,000.
Dividends (4H% per an.) are
nald May 10 and Nov. 10. Sinking fund, $6,500 per annum. There are $40,500 2d mort. 5s due Oct. 1 1927.
MORELIA & TACAMBARO RY. V. 81. p. 726.
—
,
—
track.
The
&
dently.
of
MOROAN'S LOUISIANA & TEX \S PR. & STEAM SHI P CO.— (See Map
Southern Pacific.) — ROAD. — Owns Algiers to Chenevville, 205 miles;
branches. 110 m.; trackage to Alexandria. 24 m.; total railroad lines, 339 m.;
lines and ferries. 806 miles.
ORGANIZATION. The Southern Pacific Co. owns all of the $15,000,000
stock, but road operated Inriependentlv since 1901.
In year ending June 30 1905, gross. $5,655,232; net, Including other Income. $2,046,299: surplus over charges. $1.683,707. (V. 76 p. 543.)
steamship
—
—
MORRIS & ESSEX RR. — (See Manor
Delaware Lackawanna
A, Western.)
from Hoboken, N. J., to Phllllpslnirir, X. .'., 85 miles; branch,
Denvllle, N. J., via Morris & Essex Tunnel, to Hoboken, N. J., 35 miles;
leases 37 miles; total operated. 157 miles.
— Owns
LEASED
perpetuity to Delaware Lackawanna & Western, which
and guarantees 7 % per annum on stock.
BONDS.— Of the $35,000,000 1st refunding 3 '<s. $23,400,000 were reserved to retire existing bonds and SI 1 ,800.000 were applicable to additions.
V. 70. p. 480. 477; V. 71. p. 1167. Guaranty. V 7 1. p. 1308.
EARXIXGS.— Important to D. L. &
with terminal facilities on N.Y.
Harbor, but the earnings show a deficit after pa; ment Of rental (Including
$1,050,000 dividends), viz.: In 1905,85
8873.172; 1903, $449,121; 1902, $595,976; 1901
(V. 74. p. 1308; V. 82, p. 81
$1,415,179.
assumes
In
all liabilities
.
W
,
—
.
,
94
RAILWAY STOCKS AND BONDS.
[Vol. lxxxiii.
July, 1906.
RAILWAY STOCKS AND BONDS.
J
Miles
on
of column headings,
first page of tables.
& North w— 1st
Mo
&c.
Date
of
of
see notes
M
&C
M
—
M
—
M
M
M
M
ACF
do
Series
do
Series A C F
do
do
do
Series "C" due semi-annually.
do
do
Series "D" gold $34,000 due s-a
do
Series E, gold $46,000 due s-a. O
do
do
Joint equipment notes ($9,500 due semi-annually) .
1st M $15,000 p m g gu p & (end).. K.c*
Mob. & Mai
Consolidated mortgage $10,000,000 gold._.O.c*&r
Monoagabela RR 1st M $1,500,000 joint guaranty
Monongahela River RR Bonds See B & O RR.
Montana RR First mortgage gold $2,000,000.. Ce.c*
Montgomery & Erie Ry 1st M (old 7s extended in '86)
Morelia & Tacambaro
1st M gold (see text)..UsmC*
Morgan's La & Texas 1st M (New Orl to Morg C) .F.c*
F
First mortgage Alexandria Extension gold
F
General mortgage
—
i
& Essex
Morris
First
—
— Stock 7 % guaranteed DL4W
mortgage
ConsM
First ref
$25,000,000) guar D L
gold $35,000,000 guar p
(for
M
Par
$1,000
100
200, 1000
200, 1000
1,000
1,000
1,000
100
472
55
506
189
161
38
__
_,_,
_.
182
35
1879
1883
1888
1897
1900
1886
1899
1898
1899
1901
1905
1904
1905
1906
1902
1892
1902
1902
500 &c
1,000
500 &c
1.000
1,000
500 &c
500 &c
1,000
1,000
1,000
1,000
1
,000
1.000
1,000
1,000
1,000 &c
I
%
1900
1866
1903
1878
1880
1893
1.000
1,000
1,000
1,000
1,000
1,000
50
85
119
119
1864
1875
1900
Var.
250 &c
2
Ba
& W.._Us.c*&r
& (end). F.c* &r
Special real estate bonds
Morris & Essex Extension stock guaranteed 4
Amount
Outstanding
1895
1895
1903
1903
1905
m
100
100
55
102
157
204
1,000
1,000
—
MORRISTOWN & ERIE RR. Owns Morristown, N. J., to Whippany,
4 m.; branches, 9 54 m., Including branch from Whippany to Essex Fells,
7 m., completed Jan. 1904.
A consolidation In Aug. 1903. Stock, $400,Bonds are subject to call for s. f.
000, all outstanding; par of shares, $100.
at any time.
Year ending Dec. 31 1904, gross, $41,446; net, $19,020.
Pres., R. W. McEwan, 11 Broadway, N. Y.
(V. 77, p. 511.)
—
MOUNT CARBON & PORT CARBON RR.— Owns Mt. Carbon to Port
Carbon, Pa., 3 m.; 2d track, 2\i m.; total track, 16 miles. Leased March 5
1860 for 50 years to Phila. & Read. RR. and lease assumed In 1896 by
Phlla. & Read. Railway.
Rental, $36,250 yearly.
MUSCATINE NORTH & SOUTH RY.— Muscatine. Iowa, to Elrlck, on
Iowa Cent.. 28 m., with which It has traffic contract. V. 76, p. 654. Extension from Elrlck to Burlington, 20 m., was reported to be proposed.
Incorporated In March 1905 as successor of the railroad of same name, foreclosed on Dec. 15 1904.
In Oct. 1905 details of new securities had not been
arranged. Stock, $450,000; par, $100.
Year 1904-05, gross, $59,219;
net, $76.
— (V. 79, p.
2697. 2796; V. 80, p. 1059.)
MUSKEGON GRAND RAPIDS & INDIANA RR.— Owns
road. Grand
Rapids to Muskegon, Mich., 37 m.; trackage, G. R. & Ind. at Grand Rapids,
3 miles.
Operated by G. R. & Ind. RR., which was foreclosed In 1896;
consideration, net earnings.
Stock authorized, $350,000; par, $100; issued,
$1,000.
Coupon of Jan. 1905 paid in Jan. 1906. Earnings for year ending
Dec. 31 1905, gross, $175,363; net, $47,273; Interest on bonds, $37,500.
(V. 80, p. 600; V. 81, p. 1376; V. 82, p. 219.)
—
NASHUA & LOWELL RR. Owns double track road from Lowell, Mass.,
to Nashua, N. H., 15 miles.
On Oct. 1 1880 leased for 99 years to Boston
& Lowell. In 1887 lease was transferred to Bostonl&JMaine, which pays
a rental of $73,000 (9
on stock).
%
NASHVILLE CHATTANOOGA & ST.'LOUISJRY.— (See Map.)— Owns
from Chattanooga, Tenn., to Hickman, Ky., 320 m.; branches to Lebanon,
&c, 515 m.; leases Western & Atlantic, Chattanooga, Tenn., to Atlanta,
Ga., 137 m., and Memphis & Paducah Division of the L. & N., 254 miles.
See V. 71, p. 644, 664, 864. Total operated July 1 1905, 1.226 miles.
ORGANIZATION. A majority of the stock ($7,177,600) Is owned by
the Lou. & Nash., of which $5,501,500 Is pledged under its unified mtge.,
etc., so that the systems are operated in harmony.
West. & Atl. Is leased
from State of Georgia till Dec. 27 1919 at $420,012 per annum.
DIVID'S.l '89 to '92
'93 '94 '95 to '98 '99 to'03 '04 '05
1906
since 1888../
5 yearly.
Z% 3X 4 y'rly.
None.
4
5
5
BONDS. The Tracy City branch 6s fall due $20,000 yearly on Jan. 1 to
1916 Inclusive, and $100,000 on Jan. 1 1917.
Consolidated mtge. of 1888 provides that all prior bonds shall be paid off
at maturity; sufficient of the $20,000 p. m. are reserved for them.
In 1905
the rate on future issues was reduced to 4 %. V. 81, p. 1044.
Jointly with Lou. & Nash, guarantees $2,500,000 L. & N. Terminal Co.
bonds. See Lou. & Nash. V. 75, p. 1354. Guaranty of $21,000 Aetna
Iron, Mfg., Mining & Oil 6s.
V. 77, p. 2390.
LATEST EARNINGS.— July 1 to May 31 (11 months):
11 months
Gross.
Net.
Interest, dec.
Bal.,sur.
1005-06
$9,992,461
$2,479,156 $1,641,506
$837,650
1904-05
9,282,443
2,391 705
1,649,282
742 423
ANNUAL REPORT. Report for 1904-05 was in V. 81, p. 1096.
Years ending June 30.
1905.
1904.
1902.
1903.
Mileage end of year
1,226
1,201
1,195
1,195
Gross earnings
$10,113,057 $10,206,022 $9,606,370 $7,992,530
Net earnings
2,560,407
2,624,992
2,610,766
2,370,416
Investments, &c
18,930
18,297
22,065
18,130
—
—
—
—
Net income
$2,579,337
Interest on debt and tax $1,174,734
Rentals
Miscellaneous
Dlv. on stock
625,878
36,000
(5)500.000
Balance...
W.
(V.
— John82,
Pres..
Lewis.
$2,643,289
$1,183,286
625.878
66,000
(4)400,000
$2,632,831
$1,183,473
625,878
26,000
$2,388,546
$1,196,957
625,878
41,000
sur $242,725 sur$368,126 sur$797,480 sur$524,711
Thomas; V.-P., H. F. Smith; "Chairman of Board. E. C.
p. 510.)
NASHVILLE & DECATUR RR.— (See Map Louisville & Nashville.) —
Owns from Nashville, Tenn.. to Decatur, Ala., 119 miles. Re-leased to
Lou. & Nash. In 1900 for 999 years, the rental being 7J4 % on stock. The
Lou. & Nash. July 1 1905 owned $1,979,600 of the stock.— (V. 68, p. 928;
V. 69.
p. 1012:
V. 70, p. 1195.)
NASHVILLE TERMINAL RR.— Owns
bridge across the T Cumberland
River and 18 m. of track. Leased for 99 years from May 1 1902 to Tenn.
Cent. RR.. which owns entire $1,000,000 stock.
(V. 74, p. 577, 830.)
—
NATIONAL RR. OF MEXICO.— (See Map.)— Operates a road extending
from Corpus Chrlstl, Tex., on Gulf of Mexico, to City of Mexico, with branch
to Uruapan. and various other branches, as follows:
Standard Gauge—Owned.
Miles.
Narrow Gauge—Owned.
Miles.
Laredo to City of Mexico..
802 City of Mexico to Uruapan
312
Colonia to Tacuba (3-rall track)
3 Acambaro to Gonzales
55
Clntura line (3-rall track)
3 Brownsville & Gulf
1
San Juan Jet. to Jaral
50
Vanegas to Matenuala
41
Rlncon to Pozos
37
Leased
Monterey to Matamoros
_
205 Mlchoacan & Pacflc Ry. UaOther
_.
5
ravatlo to Zltacuaro
57
—
Controlled
— Secur.
owned.
Ry., Corpus
Chrlstl to Laredo, Tex., and
Texas
branch
Total standard gauge.
%
,000
&
&
&
&
&
&
000
5
000
000
4H g
600 See text.
000
000
6g
555
4g
000
5g
000
4g
000
4 g
5
200 000
5106 000
5
1,000 000
5
379 140
369 008 4 & 4K
890 000
5
4
607 000
916 000
4H g
114 000
4
2,500 000
4g
3,900 000
3H g
1,428 000
3M g
J
J
do
1.305
Total of
all (see
below)
.1.731
do
Colonial Trust Co,
do
Co,
do
Nat Bank,
do
do
Q—
Various
do
do
Various Gallatin Nat Bank, N Y
Various
M & S Blair & Co, New York
J
& J Guaranty Trust Co, N Y
& S Guar Tr Co. New York
Equitable Trust Co, N Y
& S Knickerbocker Tr Co, NY
& S Grand Cent Station, N Y
M
M
M
A & O
J
&
Goshen,
U
Feb
To 1908
1919
Sep '06-Mar
Sep '06-Mar '16
15 1912
Sept 1 1991
Mar 1 2002
Oct 1 1942
1930
1926
1943
1918
1020
1013
Co,
S P Co, 120
do
do
do
do
Del Lack & Western, N
do
N
do
do
do
D
do
do
D
do
J
do
N
do
do
'11
To June
N Y July
May
N Y Jan
B'way, N Y April
& Tr
July
July
July 2 '06 3M
May 1 1014
June 1 1015
Dec 1 2000
1912
May 1906 2%
Y
%
To 1908
To 1908
N Y
S Mort
1927
1027
1938
1947
1030
1931
1949
May
Jan
May
Central Trust Co,
M &
J
I
Pa
Philadelphia,
'06 3
N Y Dec
July
N Y Sept
& A
Guar Trust Co, New York
J
& J Farmers' L & Tr Co, N Y
M & N First Nat Bk, Mobile, Ala
Various Farmers' L & Tr Co, N Y
F
July 1 1945
1 1953
July 1 1953
To July 1910
Jan
June 23
L & Tr
do
— Jan
M & S Gallatin
Q
N Y
do
%
Also controls by ownership of a majority of stock the Mexican InternaRR., extending from connection with the Southern Paclflo at Eagle
Pass, Tex., to Durango, Mex., and to the National RR. of Mexico at Monterey, with branches, 884 miles in all.
Interoceanic Ry. of Mexico (controlled
see below), 736 miles.
Grand total system, Jan.l 1906, 3,351 m.
Extension from Monterey to San Miguel, 148 m., was completed Apr.1905
Standard-gauge train service inaugurated between Corpus Chrlstl and
City of Mexico on Nov. 8 1903.
In March 1906 the Hidalgo & Northeastern, 152 miles (narrow-gauge)
with branches, was acquired at a cost of about $6,200,000, Mexican curency. V. 82, p. 751, 869, 1380.
ORGANIZATION. Incorporated in Utah on Feb. 24 1902 as successor
without foreclosure of Mexican Nat. RR., per plan In V. 73, p. 784.
MEXICAN GOVERNMENT.
In June 1903 the Mexican Gov. purchased for $9 ,000 ,000 about 47 % of the entire outstanding stock. See V.76
Nearly all of the $33,350,000 com. stock consented
p. 1301; V. 77, p. 451.
to the conversion of that stock Into new 5
non-cum. "2nd pref." and "deferred" stock, to be issued at the rate of two shares of 2nd pref. and one
share of deferred for every three shares of com. stock, per plan V. 76, p 1192
The Government holds $10,000,000 1st pref., $9,343,900 2nd pref and
$10,975,300 deferred stock. V. 77, p. 1225, 2159.
.tv-Sfc;
The National Co. acquired the £1,038,000 Interoceanic Ry. of Mex. 2nd
deb. stock, the latter, with preference and com. shares owned and since acquired, giving practical control, thus securing for the National a line from
Mexico to Vera Cruz and an outlet to the Gulf of Mexico. (See below )
The Government also consented to the consolidation of the National
Mex. Internat. and Interoc. Rys., and granted an exclusive concession for
20 years from Oct. 31 1903 to construct a road in a zone 50 kilometers wide
with the Rio Grande River as the northern boundary, and extending from
the Gulf of Mexico to a point 100 kilometers northwest of Cludad Pornrlo
Diaz.
(V. 77, p. 2159.)
STOCK. Com. stock was $33,350,000, and pref. (now 1st pref.).
non-cum.. $32,000,000, all Issued, of which $3,167,075 in treasury Dec. 31
1905.
In Oct. 1903 the com. stock was mostly exchanged for new 2nd pref.
stock (total Issue to be $22,233 333) and deferred stock (total issue to be
$11,116,666). See above.
Outstanding, 1st pref. see above; 2nd pref.
$21,988,000: deferred, $10,994,000; com., $368,000; par of shares, $100
each.
The 1st pref. has a prior right to 4% then 2nd pref. 5% then 2nd
pref. and deferred share pro. rata.
DIVIDEND. First dlv. on 1st pref., 1
payable Aug. 10 1906. V. 83
tional
—
—
&c—
%
•
•
•
—
.
—
p. 156.
.
.
4%
,
%
,
,
—
BONDS. The prior lltn bonds can be increased above $23,000,000 only
to refund, $ for $, Mexican Internat. RR. prior lien bonds, now $5,850,000.
First consolidated mtge. 4
gold bonds.
Total Issue (except to refund, $ for $, Mexican Internat. RR. 1st consols, now $7,503.000) not to exceed $60,000,000. of which there are reserved:
Reserved to retire new prior lien bonds when due
$23,000,000
Reserved for Improvements and new equipment, at not exceeding $500,000 a year
4 605,000
Reserved for acquisitions of new property and for extensions
at not exceeding $10,000 per mile of standard-gauge line,
or $7,500 per mile of narrow-gauge line, on which the consol, mortgage will be a first lien.
4,946,000
The new Issues of bonds are secured by a 1st and 2nd Hen respectively on
all the property of the company now owned or provided for under
the readjustment and the El Salto extension when constructed, and also upon the
securities of the Texas Mexican Ry., and the consol. mtge. has also a 1st lien
on $15,786,100 of the $20,708,200 capital stock and all of the $4,499,000 Incomes of Mexican Internat. Of the $25,449,000 consols Issued, $1,050 006
Jan. 1 1906 were In treasury or pledged for gold notes of 1903.
Of the Mexican Internat. consol 4s, $6,481,000 are guaranteed, principal and Interest.
See that company's statement; also V. 75, p. 77.
%
.
GENERAL FINANCES.— In 1903 $8,500,000 two year (extendedfln
1905) 5 % notes (authorized issue, $10,000,000) were sold to pay for control
,
of Interoc. Ry.
They are subject to call at par on 60 days notice; denominations, $1 ,000 and $5,000 each.
They are secured by deposit of £1 ,038,400
Interoc. Ry. of Mex. 2nd deb. stock, £1 ,251 ,830 ordinary and £102,000 7
cum. pref.stock, $3,000,000 Mexican Internat. 1st consols (stamped guaranteed) and $1,050,000 Nat. RR. of Mex. 1st consols.
The remaining $1,500,
000 notes may be Issued on deposit of additional security,
in Apr. 1906
final $3,000,000 prior lien bonds were sold to pay for the Hidalgo & Northeastern RR. V. 82, p. 869, 1380.
%
EARNINGS.— 5
months, 11906
Gross, $6,013,407; net, $2,381,621
31.
Gross,
5,099,630; net,
J1905
1,646,178
figures are In Mexican currency.
See also V. 77, p. 1225.
Fiscal year now ends June 30. Next report will
be for 6 months ending June 30 1906. Report for 1905, with the bal. sheet,
&c, was given in V. 82. p. 800, 812; edit., p. 779. Gross and net earnings
Jan.
1.
Above
to
May
ANNUAL REPORT. —
below are given In Mexican currency, the Income account In U. S. currency
For earnings of the Mexican Internat. (operated separately) see that co.
,
EARNINGS— (U. S. CURRENCY EXCEPT GROSS EARNS.)
—
Year ending Dec. Z\
Average miles operated
Gross earns. (Mexican currency)
Net earnings (Mexican currency)
Net earnings (U. S. currency)
1905.
1904.
1903.
1,712
1,586
1,452
$12,755,723 $11,569,248 $11,844,019
4,471,068
3,864,576
3,709,430
2,219,094
1,780,884
1,563,080
INCOME ACCOUNT— (UNITED STATES CURRENCY.)
1905.
Net earnings
1904.
$
$
2,219,094
21,659
Int. on bds., Ac. 515,814
Int.,disi5cexcti ..
money
162
Dividend.
Y & Clev June 1 1944
P Morg & Co,N Y; &Lon July 1 1906 2%
P Morgan & Co, N Y July 1 1945
Q—
&
&
&
5
&
7
&
7
M &
7
&
J
3H.J &
4H J &
4
|M &
1,200,000
5,000,000
1,494,000
1,000,000
15,000,000
5,000,000
11,677,000
12,600,000
1,800,000
221.000
Whom.
When Due.
Seab Nat Bk.N
See text.
& D Farmers'
J
5g
5
5g
7
6g
See text.
130,000
Where Payable, and by
Payable.
5
4
5 g
4
5
$700 ,000
900 ,000
600 000
1,200
3,964
4,000
224
6,070
7,000
1,000
9,471
4,000
2,497
4,000
When
Rate
,786,884
5,046
550.358
Gain on Mexican
Mexican
Bonds
pal,
Value.
1904
149
149
200
203
'
— —
—
—
—
—
Size, or
Road. Bonds.
gold $1,000,000 red (text)
River
Mobile & Birmingham RR Pref stock ($900,000)
Ce.c
Prior lien gold $600,000
..Me.c
First mortgage $1,200,000
1st cons
$4,000,000 gold. Ce.c*
Mobile Jack & K C
1st
$5,000,000 gold guar red HO-.Col.c*
Gulf
-.
Equipment bonds gold due quarterly
Mobile & Ohio Stock
F .c
Mobile to Columbus (principal gold)
First
exten Columbus to Cairo & branch gold. F.c
First
(now gold) sf.F.c*
General mortgage for $10,500,000
Ce.c*
$4,000,000 gold
Montgomery Dlv 1st
G.c*
Collateral trust gold ($2,500,000) call at par
St Louis & Cairo first mortgage gold interest guar._c
$200,000 assumed gold._F.c~
Mobile & BSh 1st
Equipment bonds (mostly 6s).
Equipment trusts "A" & "B" $500,000 each sink fd
—
—PrinciStocks —Last
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
95
assets.
13,845
102,923
Total
2,770.412 2,445,211
Surplus for year
—
1905.
Deduct
$
Taxes & exch...
48.868
Int. on bonds... 2, 208,410
Int. on loans
68,557
Texas-Mexican
Ry. net earns.
32,319
Total
1004.
S
24.503
,174,740
55,390
2,358,154 2,373.591
412.258
71,620
9(>
RAILWAY STOCKS AND BONDS.
[Vol. lxxxiii.
July, 1900.
RAILWAY STOCKS AND BONDS.
J
NEW YORK CENTRAL
NEW YORK CENTRAL & HUDSON
&
LAKE SHORE
&
&
LAKE ERIE
PITTSBURGH
&
NEW
YORK, CHICAGO
&
PITTSBURGH
SOUTHERN RAILROAD
INDIANA HARBOR RAILROAD (Belt
&
CLEVELAND, CINCINNATI, CHICAGO
R. R.
WESTERN RAILROAD
CHICAGO, INDIANA
LINES
o
MICHIGAN CENTRAL RAILROAD
RIVER RAILROAD
MICHIGAN SOUTHERN RAILWAY
OUNKIRK, ALLEGHENY VALLEY
97
&
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ST. LOUIS RAILROAD
LAKE ERIE RAILROAD
St.Tite
RUTLAND RAILROAD
& BUFFALO
TORONTO, HAMILTON
Line:)
Jc.l,
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Montauk
Pt.
98
RAILWAY STOCKS AND BONDS
Vol. lxxxiii.
July,
RAILWAY STOCKS AND BONDS.
1906.]
INTEREST OR DIVIDENDS.
RAILROADS.
JVfi.es
For explanation of column headings, &c,
on first page of tables.
Morris town
&
—
M
Date
of
Par
Amount
Value.
Outstanding
Erie
1st
Port Carbon
—
Road. Bonds.
...
RR — Stock
—
—
— —
"38
37
8.5
M
340
125
mortgage
mortgage
mortgage
mortgage
—
Nashville Florence & Sheffield — See Louisville & Nash
Nashville Term —
M gold rent red 105 begin
Mexico
National
1st
RR
29
43
46
20
48
803
119
int
21 ,000
1873
1877
1877
1883
1883
1887
1881
1888
$250 000
282 ,350
160 ,000
750 ,000
70 ,000
800 ,000
10,000 ,000
6
6 g
7,608 ,000
3,553 ,750
?X
---
1902
1,000,000
5g
1,000
of
M
M
100
1,553 "1901
1,673 1901
1903
144 1899
94 1888
—Narrow — —M mortgage
M
Gauge First
Nevada County
22 y 1896
New Brunswick Coal & Ry — First mortgage
Ce
46 1887
New England —See New York New Haven & Hartford
New Haven & Northampton — See New York New Ha ven & Hartfo
New Jersey Junction—
M guar $4,000.000.. G.c&r
5 1886
New Jersey & New York — See Erie RR Co.
New Jersey & Pennsylvania—
M $1,000,000 gold..
26 1905
121
New London Northern — Stock
M) ($688,000 are
121 1880
Consol mortgage (now
..c*
500 &c
500 &c
1,000
Nevada-California-Oregon First
$1,500,000 gold..
Nevada Central 1st
gold non-cum inc (sink fd)_Ce
mortgage guaranteed prin & Int..
35
1905
—
,
TEHUANTEPEC—
—
NEVADA CENTRAL RR.— Battle
Mtn., Nev., to Austin, Nev., 94 m.,
narrow gauge. Stock, $750,000. Earnings for 1904-05, gross, $35,659; net,
$13,905; no Interest paid by railroad. Pres., J. G. Phelps Stokes.
(V. 74
—
p. 379.)
NEVADA COUNTY NARROW-GAUGE RR.— Colfax
to Nevada City,
miles. Stock, $250,200; par of shares, $100 each. Dividend of
(fourth since organization) was paid Dec. 1903; In 1904, Men., 5%; Nov.,
5 %; In 1905, Sept., 5 %. Bonds are payable In annual Instalments Increasing from $4,000 in 1902 to $20,000 in 1924.
Year 1905. gross, $127,253;
net. $40,018; interest, $15,750; improvts., bonds redeemed, &c, $7,830;
dividends (5%), $12,510; bal., surplus, $3,928. Pres., Mrs. S. A. Kidder,
Grass Valley, Cal.
(V. 79, p. 2796.)
5%
Cal.,22H
—
& RY.— Norton
Station (on Intercolonial
Ry.) N. B., to Chlpman, N. B., 46 miles, opened In 1888. Name changed
from Central Ry. of New Brunswick early in 1904. Stock, $900,000, all
outstanding. Year ending June 30 1904, gross, $9,315; net, $394. Pres.,
C. N. Skinner, St. John, N. B.— (V. 63, p. 116.)
ENGLAND RR.— See N. Y. New Haven & Hartford.
JERSEY JUNCTION RR.— Terminal road through Jersey City,
Hoboken and Weehawken, about 5 miles. Leased for 100 years from June
30 1886 to N. Y. Central, which guarantees the bonds absolutely and owns
$100,000 stock. Connects with National Docks Ry.
,
NEW
NEW
NEW JERSEY & NEW YORK RR.— See page 179.
NEW JERSEY & PENNSYLVANIA RR.— Seepage 179.
NEW LONDON NORTHERN RR.— Owns from New London,
Conn., via
Brattleboro, Vt., to South Londonderry, Vt., 158 miles. See V. 76, p. 1301;
p. 871.
LEASED for 99 years from Dec. 1 1891 to Central Vermont. The rental Is
$213,552 per annum, which leaves a small surplus after providing for interest, &c, and 9
dividends. Taxes and Improvements met by lessee, without claim on New London Northern.
DIVIDENDS. 1888 to April 1892, 7 yearly, then 8 yearly to 1893.
and since to July 1906 (inclusive), 2 %
quar. (9 p. an.).
(V. 76, p. 1301.)
MEXICO RY. & COAL. Owns from El Paso & Northeastern Ry.,
from El Paso Texas, northeast 165 miles, to the Salado Coal fields; controls
and operates El Paso & Rock Island Ry., Carrizosa to Santa Rosa, 128 m.,
opened 1902; Alamogordo & Sacramento Mtn. Ry., Alamogordo, N. M., to
Russia, 31 m.; Dawson Ry. & Coal Co., Liberty, N. M., to Dawson, 133 m.,
opened in 1903; total, 457 miles.
In Feb. 1902 the El Paso & Rock Island Ry. was Incorporated, with $2,500,000 stock, of which 60
owned by the N. M. Ry. & Coal and $2,500,000 5
guaranteed 50-year bonds. It has close traffic agreement with Chic.
Rock Island & Pacific for 999 years. V. 71, p. 1219. The Dawson Railway & Coal Co., stock $3,000,000, has Issued $3,000,000
collateral trust bonds, which are guaranteed, principal and Interest, and are
secured by the stock and bonds ($3,000,000 each) of the Dawson Ry., and
those of the Dawson Fuel Co. ($1,000,000 each), the latter owning about
25,000 acres of coal, mineral and timber lands. V. 73, p. 900; V. 74, p. 776.
In May 1905 Phelps, Dodge & Co. acquired the entire stock of the con
trolled properties. V. 80, p. 1971.
STOCK. Stock, com., $3,000,000; pref., 5 % non-cum., $1,000,000.
BONDS. Coll. trust 5s of 1897 are secured by deposit of all stock and
bonds of El Paso & Northeastern Ry. of New Mex. ($2,700,000 of each) the
stock of the El Paso & N. E. RR. of Texas. $300,000 (no bonds Issued),
and all the stock ($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. Of the firs'
and consolidated and coll. trust 5s of 1901, $3,000,000 are reserved to retire
the coll. trust 5s of 1897 and $2,000,000 are applicable for Improvements
and new equipment. V 74. p. 776. Equlpm't trusts Dec. 31 1903, $833.940.
In Dec. 1904 purchased equipment, $289,032 of cost being pavable
$8,029 monthly. V. 79, p. 2796.
The bonds of the Alamogordo & Sacramento Mtn. Ry., of the El Paso &
Rock Island and those of the Dawson Ry. & Coal Co. are guaranteed. See
above. Report for year ending Dec. 31 1904 was In V. 81, p 208, showing
net earnings of subordinate companies, $275,944; Int., $369,239; taxes,
$3,500: bal def., $96,795.
N. Y. office, 68 William St.— (V. 81 p. 508.)
%
—
NEW
%
%
—
%
%
5g
Brooklyn Trust Co, N Y Sept 1 1923
Reading Terminal, Phlla July 15 '06 6%,
Amer Trust Co, Clevel'd Oct 1 1925
Jan 1905 paid Jan 1906 July 1 1926
R I Hosp Tr Co, Prov Aug 1 1916
Indian Hd Bank, Nashua May 1906 4 y %
2
New York and Nashville Aug 1 ' '06 2 X %
Hanover Nat Bank, N Y July
1913
do
do
Jan
1917
do
do
Jan
1917
do
do
Jan
1923
do
do
Jan
1923
do
do
Jan 1907 to 1917
do
do
Nov 1 1909
do
do
April 1 1928
Nashville
&c
—
—
.
,
i%%
July 1906
Mercantile Tr Co, StLouis Jan
1
1932
K
.
.J
M & N
g
J
6
Moran Bros, New York
May 1 1919'
& J See text
July 2 1938
J
& J Wells, Fargo & Co, S Fr To 192^
M & N N Y, London & St John Nov 1 1947
5g
J
5g
514,000
750,000
219,000
540,000
5
7
F
9
&
A N Y Central & Hud Riv Feb 1 1986
& J Corp'n Tr Co, Jersey City Jan 1 1930
3New London Office,
July 1906 2 H
& J Bank of North Ami
July 1 1910
& D
85 years
&
1
J
5
4
,1
%
NEW
ORLEANS GREAT NORTHERN RR.— (See Map.)— Pearl River
to Folsom, La., 37 miles; branch to Mandeville, 12 m.; trackage, Slldell
to New Orleans. 36 m.; total. 85 miles.
Building to Jackson, Miss., making
a main line about 190 miles long from Jackson to New Orleans. Branch
line under construction, 42 miles to Tylertown, connecting with the Fernwood & Gulf RR.; total to be operated, about 250 miles. Traverses
very valuable pine timber lands. V. 80, p. 998, 1235, 1913. A branch 29
miles, Is under construction from Slidell, La., to Abita Springs La.
'la
")
Mandeville. Successor to East La. RR. Stock, $2,500,000.
Bonds, $10,000,000 authorized (see table above), all except $5,000 000
Issuable for terminals, equipment, bridges, &c, are limited to $30 OOOper
mile of single and $45,000 per mile of double track. See V. 81, p. 841
Officers and directors: F. H. Goodyear (Pres.) , C. W. Goodyear (V.-P
)
3 i
James (Sec), F. A. Lehr (Treas.), M. E. Olmstead, Janres D. Lacey E H*
Farrar, N. G. Pearsall (Gen. Mgr.) .— (V. 81 p. 841; V. 82, p. 752 869,967.)
,
NEW ORLEANS
& NORTH EASTERN RR.— New
Orleans. La., to MerStock, $6,000,000 (par, $100), of which $5,320 000
and $4,955,000 gen. 4^sand $1,500,000 incomes were held in Jan. 1906 bv
Ala. New Orleans Texas & Pac Jet. Ry.
Reorganized in 1902 per plan in V. 74, p. 681
Dividend on stock 1903
and 1904, 3% each; 1905, Dec. 1. 3.4%. Of the gen. 4y s, $1,420 000 are
2
reserved to retire the remaining prior lien bonds and $1,258,000 for lUcure
requirements. Equipment notes of 1906, V. 82, p. 987.
idian, Miss., 196 miles.
—
EARNINGS. For 12 months ending June 30 1906, gross. $3 001 974
against $2,563,773 In 1904-05.
Report for 1904-05, V. 81 p. 1547.
Yr. end. June 30
Gross.
Net.
Oth.inc.
Int. ,<fec. Balance.
— $2,563,776
1904-05.
1903-04
,
$657,054
628,450
2,416,968
DIVIDEND of
(V. 82, p. 987.)
3%
$14,065
15,702
In 1903-04, $180 000;
$406,995
389,400
in 1904-05,
3H%,
$264,124
254,752
$210,000.
NEW ORLEANS TERMINAL CO.— Owns extensive terminal propertyZat
New Orleans and a belt railroad around the city, leased to the St Louis &
San Francisco and Southern Ry. for 99 years from July 1 1903, rental covering all expenses of operations, maintenance and charges. Southern Rv
and St. Louis & San Francisco each own half of the $2,000,000 outstanding
stock ($5,000,000 authorized), and jointly guarantee the bonds
See V
78, p. 343, 1447; V. 79, p. 1466; V. 81
,
p.
155.— (V.
81 p. 31
,
,
155,^212
)
NEW YORK BROOKLYN & MANHATTAN BEACH RY.— Owns
Fresh Pond Junction to Manhattan Beach
from
(Coney Island) and branches to
18 miles, of which 16 miles double track.
LEASE. &c. A consolidation Aug. 27 1885. Leased for 99 years from
Oct. 1 1885 to the Long Island RR. Co., which owns majority of stock
Rental, Interest on bonds and 5
on pref. stock. Common stock $350 000*
L. I. RR. has attached to the bonds its unconditional guaranty of Dr'lnrlpal and interest in addition to facts as to lease.
(V. 73, p. 32.,
,
Bay Ridge and Greenpoint,
—
%
—
NEW YORK & CANADA RR.—Whitehall, N. Y., to Rouses Point
N. Y., 113 miles; branches, 38 miles. Stock, $4,000,000 common and
$5,000,000 5 % non-cumulative preferred, all owned by the Del & Hudson
n>
Bonds
retired
May
1
1904.— (V.
79, p. 786, 968, 2697.)
NEW YORK CENT. & HUD. RIVER RR
V. 80,
%
.J
6g
6g
1,700,000
—
—
6
See text.
1,500,000
1,500,000
75.000
DIRECTORS. Cleveland H. Dodge, Adrian Iselin Jr., J. N. Wallace,
Charles H. Tweed, Joseph P. Cotton Jr., L. F. Loree, Cayetano Romero,
all of New York; Ernesto Madero, Monterey; Gulllermo de Landa y Escandon, Emllio Velasco, E.N. Brown, Jose M. de Landero, Pablo Macedo, Santiago Mendez, M. M. Reynolds, Roberto Nunez, all of City of Mexico.
OFFICERS. Pres., E. N. Brown; V.-P., D. P. Bennet; Treas., J. M.
Frazier; Comp., M. M. Reynolds: Sec, A. Arr.aga. N. Y. office, 60 Wall St.
(V. 81, p. 899, 1849; V. 82, p. 751 869, 987, 1041 1380; V. 83, p. 156.)
NATIONAL RR. OF
V. 81, p. 559.
NESQUEHONING VALLEY RR.— Owns from Nesquehonlng Jet., Pa.,
to Tamenend, Pa., 17 miles; Tunnel Branch to Lansford, Pa., 1 m. Leased
for 999 years to the Lehigh Coal & Navigation Co., which called the stock
for payment at par and interest on Sept. 1 1904, and holds it In Its treasury;
see "Del. Dlv. Canal," V. 66, p. 1139.— (V. 79, p. 103.)
NEVADA & CALIFORNIA RR.— V. 81, p. 1242.
NEVADA-CALIFORNIA-OREGON RY.— Reno, 'Nev., to Madeline, Cal..
144 miles; extension proposed to Lake View, Ore., 95 m. The Sierra Valleys RR., Plumas to Mohawk, Cal., 37 m., is controlled but operated Independently. V. 79, p. 2641. Stock, common, $1,450,000; pref., $750,000,
all out. Bonds all exchanged for 5s In 1901-02.
EARNINGS. 11 mos., 11905-06...
Gross, $209,162; net, $90,395.
July 1 to May 31.
Gross, 200,141; net, 90,702.
J1904-05
Surplus over charges, $67,042 in 1905-06, against $67,020 in 1904-05.
Report for year 1904-05 was in V. 81, p. 1607, showing gross, $219,768;
net, $106,532; other income, $17,244; Int., taxes, &c, $49,588; Improvements, $14,077; bal., sur., $60,111. Pres., D. C. Moran, 68 William St.,
New York.— (V. 79. p. 2641; V. 81, p. 1607.)
NEW BRUNSWICK COAL
In 1906
7
6
&
32,000,000 See text See text Office, 60 Wall St, N Y
Aug 10 06, 1%.
23,000,000
Speyer & Co New York Oct 1 1926
4H g J &
25,449,000
do
do
Oct 1 1951
4s A & ()
8,500,000
do
do
5g A & O
Oct 1 1907
1,000
100
1.000
4s)
,
4
9
371 ,000
376 ,000
287 ,000
1,000
1st
—
4g
5g
rd.
1st
first
750 ,000
300 ,000
1,000
1,000
1.000
1,000
2
West River
6,300 ,000
&
J
A &
&
J
F &
M &
F &
& J
J
& J
J
& J
J
& J
& J
J
& N
M
A & ()
J
& J
& J
J
J
—
Stocks Last
Dividend.
.
Naugatuck— See New York New Haven & Hartford.
1st
Whom.
M
5 B
12
Vllle.
'07
First preferred stock (other stock see text)
Un.c*
Prior lien
$23,000,000 gold call at 105
Ce.c*
First consol
$60,000,000 gold (see text)
redeemable
Collateral notes $10,000,000 gold
Payable.
%
1,000
25
1900
1886
1896
Where Payable, and by
Princi-
When Due.
pal,
When
Rate
$1,000
50
1,000
1,000
1,000
100
100
1,000
1,000
1,000
1,000
1,000
1.000
1903
15
on Lebanon Branch
c*
Ce.c*
on Jasper Branch.
on Centreville Branch gold.. Ce.c* &r
c*&r
on Tracy City Branch
second mortgage (now first mortgage) g
Duck R RR
Us.c*
Cons M ($20,000,000) $20,000 p m gold
Nashville & Decatur Stock guar 7 M % by L & N
First
First
First
First
Bonds
Size, or
of
see notes
$300,000 gold sinking fund
(rental guar).Munising First mortgage gold
Muskegon Qrand Rapids & Indiana 1st M co]il..Ce
Narragansett Pier RR First mortgage $100,000
Nashua & Lowell Stock 9 % rental 92 years B &
Nashville Chattanooga & St Louis Stock
c*&r
First mortgage (for $6,800,000)
First Mon Fayette and McM brs ($6,000 p m)..c*&r
Mt Carbon &
99
HISTORY,
&c— Control
of the
—
(See Maps, pp. 96, 97.)
Lake Shore and Michigan Central joads
was acqured In 1898, as stated below. Their earnings are reported serjarately, but the dividends on their shares held by the Central are
included in
the Item other income," offset in part by interest on the collateral
bonds
Issued for their purchase. V. 71, p. 502; V. 78, p. 48.
In Jan. 1900 control of the Lake Erie & Western was acquired, also a larire
Interest in the Cleve. Cin. Chic. & St. Louis, increasing the Vanderbilt
Intere st n ,*,he la er t° an absolute majority.
The Central has since transferred
. .
^
Its holdings in these cos. to the Lake Shore, which see- also
see
78 d 48
^
"
V
In 1900 an understanding was reached between the Vanderbilt and the Penn
interests, by which the latter became jointly interested In Ches.
V -J°,P- I 6 A 125, 1049 Holdings of Vanderbilt estate, V. 71, &p Ohio Ry'
1221
N. Y. & Ottawa was acquired at foreclosure Dec. 1904 and in Jan 19*05
control of the Rutland and St. Lawrence & Adirondack
V 79 n ^089,
v. /a, p. p'sso
2648, 2796; V. 80, p. 222, 1240; V. 82, p. 934.
Since 1906 the subsidiary lines, with the exception of the N.Y.
& St. Louis, are known as the "New York Central" lines. V. 81 p. Chicago
1792
Lines owned
Miles.
Operated under contract
New York to Buffalo
441 Terminal Ry. of Buffalo*..
.
Branches
368 St. Lawrence & Adirondack*.
66
Proprietary lines
3 Cherry Tree & Dlxonvllle
2a
Lines leased. (*See this co.)
Trackage
2 34
West Shore*
479
Troy & Greenbush*
6
Total In earnings
3,774
Spuyten Duyvll & Pt M.*___
6
Contro'!rd Operated Separately.
New York & Harlem*...
137 Lake Shore & Mich. So.*..
1,520
New Jersey Junction*
5 Michigan Central*..
1,745
Rome W'atcrtown & Ogden
624 Lake Erie Alliance & WheelMohawk & Malone*
182
Ing
.
Carthage & Adirondack*..
46 N. Y. Chic. & St. Louis RR.»
523
-
—
n
—
Gouverneur & Oswegatchle
New York & Putnam*
Boston & Albany*
New York & Ottawa*.
Fall Brook Ry., &c
Beech Creek RR.*.
Beech Creek Extension RR.,
etc
Wallklll Valley
Lake Erie & Western*
13
I
128|Rutland
RR
33|
Total owned and controlled April 1900 (321 miles 4-tracked)
STOCK. — Dividends on
at 49
Hd.
to dollar.
stock registered
As to new
1
59 Northern Ohio*
)
8R6
393 "Big Four" System*.
2.334
128 Chicago Indiana & Southern*.
400
231 'Cincinnati Northern*
241
1631 Dunkirk All. Val. & Pitts.*...
91
Pitts. & Lake Erie system*
191
London
468
12,262
are payable In gold
Issues, see "General Finances" vielow.
In
100
RAILWAY STOCKS AND BONDS.
[Vol. Lxxxni.
July,
RAILWAY STOCKS AND BONDS
1906.]
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
column headings, &c,
of
on
first
page of
Date
of
of
see notes
—
——
gold
Ce.c*
F.c*
F.c*
1901
1897
1898
1901
1901
1905
165
31
128
133
49 H
196
196
196
196
196
General mortgage $8,000,000 gold
Income mortgage (non-cum) $1,500,000 gold..N.r
Equipment notes gold due $39,000 semi-annually..
New Orl Term 1st M $15,000,000 gold guar.S.c'&r
N Y Bklyn & Manhattan Beach Pref stock non-cum.
Flrst cons M (now 1st M) gold guar by L I
Ce.c*
N Y Cent & Hud River Stock ($250,000,000 auth) Tr
Refunding mortgage $100,000,000 gold... Ce.c* &r
Coll trust gold ($100,000,000) Lake Shore stk.G.c*&r
do
do
($21,550,000) Mich Cent stock.
Debentures (V 69, p 1102; V 71, p 502, 964)
Debentures $50,000,000 gold
Us.c*&r
New York Chicago & St Louis Common stock
Second preferred (5% non-cumulative)
First preferred (5% non-cumulative)
First mortgage gold sinking fund not drawn. Ce.c*&r
Equip trust "B" gold $23,000 due yrly Feb 15.Cec&r
Equipment notes $20 000 due semi-annually
Debenture bonds gold
..
Q
N Y & Greenwood Lake Prior lien M guar p & 1. Ngxc*
New York & Harlem -Common 14 %, 10 % guaranteed
Preferred stock 14 %, 10 % guaranteed
Refunding
(now first) $12,000,000 gold..G.c*&r
N Y & Jersey 1st
to be called at 110.
_G.c*
N Y Lackawanna & Western Stock guar 5 % (end. .
First mortgage guar by Del Lack & Western. .F.c*
Construction mortgage guar by D L &
(end) .F.c*
Third
Term Imp ($5,000,000) guar p & i (end)..F
Includes (a) $208,000.
(b) $50,000 in treasury of El
—
—
—
18
18
809
——
—
M
—
W
M
N Y
Central
& Hudson
DIVIDENDS.
Since 1891
%
River RR.
'93.
5
505
53
146
146
136
214
214
214
214
Pas O
Amount
Outstanding
$1,000
1,000
1,000
1,000
1,000 &c
100
1,000
1,000
1.000
1,000
1,000
1,000 &c
1885
1881
1902
1902
1906
1903
—
M
Par
Value.
100
1,000
100
1,000 &c
1,000 &c
1,000 &c
1885
1897
1898
1898
1900
1904
1,000
100
100
100
1,000
1,000
20,000
1887
1896
1900
1906
1896
1897
1902
1880
1883
1890
& No
100 &c
50
50
1,000 &c
1,000
100
1,000
1,000
1,000
rtheaster
— (Concluded.)
'94.
'95.
'96-98.
4 y'rly
'99.
1900 to July
'06.
4
5 yearly (Q.-J.)
4J4
BONDS. Ref. mortgage is for $100,000,000, of which $73,346,000 was
Issued to retire $70,377,000 old bonds and $11,654,000 for the general
purposes of the company; the remainder ($15,000,000) Is reserved for new
construction.
V. 77, p. 452.
Collateral trust 3J^s of 1898 are secured by deposit of stock of the Lake
Shore & Michigan Southern and Michigan Central RRs. at the rate of $100
of L. S. & M. S. stock for each $200 of bonds and $100 of Mich. Cent, stock
for each $115 of bonds outstanding.
The total authorized issues of 3Hs
are $100,000,000 for Lake Shore and $21,550,000 for Michigan Central.
See V. 66, p. 288, 336, 760, 811.
In 1904 $50,000,000 4 % debentures were authorized, of which $30,000,000 were sold to pay bal. required for terminal facilities and other improvements. The debentures are to be secured by any new mtge, but existing
mtges. may be extended. V. 78, p. 1907, 1962, 2384; V. 79, p. 1335, 2148.
5
GUARANTIES. — The company
—
guarantees the securities of
leased
its
lines to a considerable aggregate
see separate statement for each company
marked with a * in the table of mileage preceding. It also guarantee's
Western Transit Co. 3Ks for $1,000,000 due February 1923.
GENERAL FINANCES.— The refunding
of old
bonds was completed
in
1905 annual saving in interest charges about $1,475,000. V. 75, p. 1148
V. 76, p. 159; V. 80, p. 31. In June 1903 various roads controlled by the
Vanderbilt, Morgan and Pennsylvania interests purchased $6,924,200 of
the $11,000,000 Hocking Valley Ry. com. stock.
See that company.
In April 1900 $15,000,000 stock was issued at par to provide new rolling
stock, and on April 16 1902 the stockholders voted to increase the stock
from $115,000,000 to $150,000,000, $16,912,900 of the new stock bein?
subscribed for by stockholders pro rata at $125 per share. V. 74, p. 151.
In Dec. 1905 stockholders subscribed for $17,192,500 stock at par. V. 81
A portion of the proceeds will be used for the substitution of
p. 1493.
electricity for steam on New York suburban division and New York terminal improvements, to be completed by 1907.
(V. 76, p. 266, 331 1085,
1408; V. 77, 350, 2159; V. 78, p. 2442; V. 79, p. 2148, 2588, 2796; V. 81,
p. 1849; V. 82, p. 934.)
Stockholders voted April 18 1906 to increase the limit of authorized
stock from $150,000,000 to $250,000,000, the new stock to be issued
from time to time as required and to be first offered to stockholders. V.
;
,
82, p. 693.
•In 1902-03 control of the Reading Co. was acquired by Bait. & Ohio
(Pennsylvania interests) and Lake Shore. V. 76, p. 101; V. 78, p. 48.
•The Mohawk Valley Co., with $20,000,000 (formerly $10,000,000) authorized stock, 60% being owned by N. Y. Cent, and 40% by the "Central Rail,
way Syndicate" of Cleveland, is a holding company for various electric roads
acquired in 1904 and 1905, including Syracuse Rapid Transit, Rochester &
Eastern Rapid, Roch. Ry. & Light, Schenectady Ry. (half interest), &c.
The N. Y. Central lines between Rochester and Svracuse are to be equipped
electrically.
V. 81, p. 1849; V. 82, p. 16, 334, 934; V. 83, p. 156.
As to contract of 1903 with Pennsylvania Coal & Coke Co. for at least
1,000,000 tons annually, see V. 77, p. 2098; V. 79, p. 1335, 1435.
In Oct. 1905 ordered 25,000 cars, part for Lake Shore.
V. 81, p. 1315.
LATEST EARNINGS. For 6 mos. ending June 30 1906 (partly est.)
Gross.
Net.
6 mos.
Oth. Inc.
Charges.
Bal.for dlv.
1906
$42,690,300 $12,197,300 $3,218,700 $11,039,900 $4,376,100
1905
39,189,500
10,949,400
3,062,100
11,984,400
3,027,100
Dividends of 2 V % for each 6 months call for $3,730,000 in 1906, against
2
$3,306,300 in 1905, leaving a balance, surplus, of $646,100 In 1906, against
def. $279,200 In 1905.
REPORT. Fiscal year has been changed to end Dec. 31.
Report for year ending Dec. 31 1905 was given at length in V. 82, p. 925,
934.
also editorial, p. 899.
See
Years end. Dec. 31
Years end. June 30
1905.
1904.
1904-05.
1903-04.
Miles operated
3,774
3,515
3,490
3,422
Gross earnings
$86,095,602 $78,573,208 $77,682,221 $77,605,778
Net earnings.
24,594,851
22,450,823 21,922,160 24,146,464
Other Income
6,523,500
6,468,736
6.005,982
5,272,744
—
ANNUAL
—
—
Net Income
Deduct
Interest on debt
$31,118,351 $28,919,559 $27,928,142 $29,419,208
$8,223,557 $7,579,312
$7,092,483 $7,299,968
Rentals leased lines..
9,508,499
9.479,955
9,466.767
9,421,474
Taxes on stock .
1,143,438
783,148
815.1(13
794,292
Taxes on real estate.. 2,726,021
2,617,014
2,451,901
2,687,937
Miscellaneous
..
1,236,081
605,301
461,617
682,702
Reserved for deben's.
150,000
300,000
300,000
300.000
Dividends
(5)6,612,500 (5)6,612.500 (5)6,612,500 (5)6,604,158
Imp. fund & cquip't.. 1,500,000
707,099
1.750.000
(?)
Balance..
18,253
(?)
Wm.
$20,673
$55,913
Prcs.,
H. Newman; Chairman. Chauncey M. Depeu; V.-Presldents,
W. C. Brown, E.V. W. Rossiter, Edgar Van Etten, John Caret'
William J. Wlleus and Nathan Guilford; Treas.. E. L. Rossiter; Sec,
Dwlght W. Pardee. Directors (Apr. 1906) W. K. Vanderbilt. F. U". Vanderbilt, C. M. Dcpcw, S. F. Barger, J. Plerpont Morgan, William Rockefeller, Hamilton McK. Twombly. William H. Newman, Charles C. Clarke,
D. O. Mills, Geo. F. Baker, George S. Bowdoln and Jas. Stlllman.
(V. 81.
p. 1849; V. 82, p. 161, 281, 335, 693, 925, 929, 934, 1269, 1439.)
,
—
NEW YORK CHICAGO
tral
& Hudson River.) —
&c
& ST. LOUIS RR.— (See Map of New York CenOwns from Buffalo, N. Y., to Illinois State Line, ex-
cept 8 m. leased bet. Dunkirk and Silver Creek, leaving 494 m.; leases the
proprietary line, Chic. & State Line RR., 111. .State Line to Grand Crossing.
%
Where Payable, and by
Whom.
Payable,
& O
$2,000,000
a3,000,000
& O
b372,000
& O
& J
2,500,000
3,000,000
& J
1,610,000
& A
6,000,000 Zy In '05 Yearly.
2
1,320,000
6g A & O
100,000
& J
6 g
J
5,322,000
4H S J & J
1,500,000 Up to4 y % g (if e
2
547.000
434 g A & O
9,000,000
4g J & J
A & O
650,000
5
1,726.000
5g A & O
149,442.500 5 In 1905
85,000,000
3H g J & J
90,578,400
3H g F & A
19,336,445
3H e F & A
5,500,000
&
3J4 S J
30,000,000
& N
4g
14,000,000
in 1906
11,000,000
March
5,000,000
in 1906
March
19,425,000
4g A & O
120,000
5
F & A 15
180,000
4H J & D
See text.
4 g
& N
1,500,000
& N
5 g
8,656,050 See text. See text.
1,343,950 See text. See text.
12,000,000
& N
334 g
5,000,000
5g F & A
10,000,000
5
12,000,000
6
& J
J
5,000,000
5
F & A
4
5,000,000
& N
Q—
M
M
M
Dividend.
Colonial Trust Co, N
New York Trust, N Y
Y
Oct
Oct
1
1
1951
1947
April
1
1928
July
New York
1
1952
N Y Jan 1 1951
do
do
July 1 1951
Flsk & Robinson, N Y
Aug 1 1955
New Orleans, La
Dec 1 '05 3H %
Central Trust Co, N Y
Nov 1 1915
Muller.SchaU & Co,N Y Jan 1911
Farmers' L & Tr Co, N Y Jan 1 1952
Colonial Trust Co,
arned) on Dec
1
New York
Standard Trust Co, N Y
Checks mailed.
U S Mort & Trust Co, NY
Grand Cent Station, N Y
do
do
do
do
do
do
do
do
New York
Grand Cent Station, N
do
do
Union Trust Co, N Y
Central Trust Co. N
National City Bank,
M
Q—
M
nRy.
When Due.
pal,
When
Rate
— PrinciStocks — Last
Bonds
Size, or
Road. Bonds.
tables.
New Mexico Ry & Coal 1st & con & coll tr M gold. Col
Collateral trust gold ($3,000,000) redeem at 105.. N
Alam & Sac Mt first M $900,000 gold guaranteed. . N
El Paso & Rock Isl 1st M $2,500,000 gold gu.Col.c*
Dawson Ry & Coal coll trust gold guar p & I.Col.c*
New Orleans Qreat Northern First M gold
K.c*&r
New Orleans & North Eastern Stock $6,000,000
Prior lien mortgage
First mortgage gold
101
New York
Oct '06-Apr
July
1
Apr
'06
Oct
1
1
Feb
Feb
1
1
July
1
1
May
Y Mar
1H %
Mar
1997
1998
1998
2000
1934
1906 3
1906 5
1
1
%
%
Oct 1 1937
Yearly to 1911
Y
N Y To
Dec
May
Broadway, New York May
Grand Cent Station, N Y July
11
do
do
do
do
Guaranty Trust Co,
Del Lack & West.
do
do
do
do
do
do
2}4%
1935
Jly 16 '06
July
'13
1953
%
July
N Y
N Y
May
Feb
July
2 '06
Jan
1
Aug
May
'
31 1910
1931
1946
1906 5
1906 5%
2000
1932
1
1
1
M%
1921
1923
1923
10 m.; also leases Dunkirk to Silver Creek, 8 m.; total, 512 m.; trackage In
Buffalo. N. Y., 1H m., and Gr. Cross'g, Chic, 111. (Lake Sh. RR.) 9 m.
,
— Lake Shore
$6,275,000 2d preferred
STOCK.
common,
dividends on
Michigan Southern owns $6,240,000 common,
and $2,503,000
all classes
1st preferred stock.
of stock share alike.
After
5%
340502055
DIVIDENDS.
1st pref. in
&
'93. '94. '95. '96. '97. '98. '99. '00. '01. '02 to '06.
March
5 yearly.
..
..
..
..
..
..
..
2
3 yearly.
BONDS.
sinking fund of $100,000 per year Is provided when net
earnings are $900,000 or upwards, if bonds can be bought at or below
102; if not, the sinking fund lapses for that year, thus leaving $100,000
more for dividends. The issue of bonds, $20,000,000, has been reduced
by sinking fund. See mortgage abstract, V. 45, p. 541. In March 1906,
$10,000,000 4
debenture bonds were sold for equipment, improvements,
V. 82, p. 693.
2dpref
..
—A
%
&c
EARNINGS. — For
1905, $4,342,910.
3 Months.
1906
1905
6 mos. ending June 30 1906, gross, $4,885,999;
For 3 mos. ending Mch. 31:
In
Gross.
Net.
Oth. Inc.
Ch'ges.
Bal., sur.
$2,446,177 $414,550 $6,253 $308,175 $112,628
2,195,391
4,310
419,886
311,133
113,063
REPORT. Report for 1905 was In V. 82, p. 1037. Principally a freight
line, freight in 1905 contributing $7,534,856 out of $9,108,730*
Year ending Dec. 31
1905.
1904.
1903.
Gross earnings
$9,108,730 $8,645,374 $8,448,320
Operating expenses
6,753,607
6,422,142
6,295,470
Additions and betterments
537,341
645,572
674,467
—
Net earnings
$1,817,782
30,716
Balance, surplus
$1,583,920
777,000
172,460
(5)250,000
(3)330,000
15,544
$1,557,986
777,000
176,738
(5)250,000
(3)330,000
$290,363
Miscellaneous
$1,507,277
50,709
170,057
(5)250,000
(3)330,000
31,078
Net including other income
Interest on bonds
Equipment trust charges
Dividend on 1st pref
Dividend on 2d pref
$1,548,764
35,156
$1 ,848 ,498
777 ,000
Other income
$38,917
$24,248
Wm. H. Canniff.- -(V. 82, p 158,693, 752, 1037.)
NEW YORK & GREENWOOD LAKE RY.— (Sec Map
Pres.,
—
of Erie RR.)
Jersey City, N. J., to Greenwood Lake, 39 m., and branches to
Ringwood, <5cc, 8 m.; Watchung Ry., Forest Hill to Orange, N. J., 4m.;
total owned, 51 miles.
Stock, $100,000; par, $50.
LEASE. On May 1 1896 was leased to the Erie RR. for 999 years from
May 1 1896. Prior lien bonds are guaranteed, principal and interest, by
Erie.
See V. 63. p. 513; form of guaranty, V. 65, p. 463.
Owns from
—
—
NEW YORK & HARLEM RR.— (See N. Y. Cent. & Hud. Rlv. RR.)
Owns N. Y. City to Chatham, N. Y., 136 m. Also owns 4th Ave. St. RR
LEASE. The property (except the street railroad) was leased April 1
1873 for 401 years to the N. Y. Cent. & Hud. Rlv. RR. for Interest on bonds
—
%
%
and dividends at rate
of 8
yearly, since Increased to 10
through refunding of bonds, payable Jan. and July.
V. 70, p. 740, 1049; V. 71, p. 29, 1220;
V. 78, p. 2335.
The street railway was leased in July 1896 to Met. Street
Ry. Co. for 999 years; rental Is $400,000 yearly, equal to 4
per annum on
stock, payable Apr. and Oct. V. 62, p. 1088.
(V.78, p. 2335; V.80, p. 1424.)
%
—
NEW YORK & JERSEY RR.— See Hudson & Manhattan RR.
NEW YORK LACKAWANNA & WESTERN RY. — Blnghamton to
Bufand Internat. Bridge and branches, 214 m. of which the main line, 213
m., is double track; D. L. & W. has a lease for duration of charter from Oct.
1882 giving a guaranty of the bonds and 5 % yearly on the stock. See form
of guaranty of terminal bonds in V. 67, p. 1357; see also V. 68, p. 283.
falo
,
NEW YORK LAKE ERIE & WESTERN RR.— See Erie RR. Co.
NEW YORK & LONG BRANCH RR.— Perth Amboy to Bay Head, N. J.,
38 miles.
Leased In 1888 for 99 years to Penn. RR. and Cent.RR. of \. J.,
which jointly and severally guarantee Interest and 7 % on $2,000,000 stock,
all
owned by Cent. RR.
of N. J.
NEW YORK NEW HAVEN
— (V. 72,
p. 438.)
HARTFORD
—
RR. Covers Southern New
England and the only direct routes between New York and Boston.
Lines Owned In Fee
Miles,
Miles.
Leased (part Owned)
&
—
Junction
near
N.
—
New
Eng. (part operated)
Springfield, Mass
122 Old Colony RR. (which see)...
Boston, Mass., to Hopewell
Lines Leased
Jet., N. Y..
214 Providence and Worcester
Lines to Providence, Plttsfleld,
Norw. & Worcester (which see)
Litchfield, <fcc
650 Other lines
Leased and Controlled
Trackage to N. Y. City, &c
Y.
City
to
Cent.
—
—
43
616
48
72
101
42
Lines to Turner's Falls, &c
180
2.088
Total operated Oct. 1905 (90 miles has four and 702 two tracks)
A new 30-mlle line from the main line near Portchcster to near Danbury
Is to be built.
V. 82, p. 869.
Merger of New England
In Get. 1905 the New Haven & Derby, the Danbury & Norwalk, the
V. 81,
Providence & Springfield and other controlled roads were merged.
1315.
]>.
In Jan. 1900 purchase <>f the BerkslreRR. was propi
1906
V. 82. p. nil.
The stockholders of the Naugatuclc RR. on
\ oted to sell the road;
those of the Boston & New York Air Line on June 18
V. 82. p. 2si 451
1906.
12 13.
In Oct. 1904 $29,160,000 of the $58,118,982 X. Y. Ont. & West, com,
stock was acquired at $45 per $100 share and J2.200 of the $4,000 pref.,
V. 79, p. 2086.
giving the companv access to anthracite coal mines, &C.
2642; V. 80. p. 1363.
Early In 1904 acquired a majority of the Cent. New England Ry. stock
,
.
RAILWAY STOCKS AND BONDS.
102
ItAILROADS.
For explanation
column headings, &c.
of
on
page of
first
Date
Size, or
of
of
Par
Amount
Value.
Outstanding
Road. Bonds.
tables.
—PrinciStocks — Last
INTEREST OR DIVIDENDS.
Miles
see notes
[Vol. lxxxiii.
Bonds
When Due
pal,
When
Where Payable, and by
:
Payable.
Whom.
1
Dividend.
—
New York Lake Erie & Western See Erie RR.
N V & Long Branch — Geu SI (now 1st) \S2,500,000 g c*
do
do
Ce
J
New York New Haven & Hartford — Stock (see text)-..
38
38
right to exchange; V 82. p 1439).
Debenture (55,000,000 are 4s) non-convertible, .c&r
(for Cent N E & W) £5,000,000 gold non-conv
Debentures (for F H & \V) $10,000,000 authorized)
Debentures (for New York Ontario & Western)
Debentures convertible (see text)
_
c*&r
Debentures not convertible
N Y Prov & Boston gen M (now 1st) gold assum.c&r
Shore Line 1st M New Haven to New London assum
Housatonlc old consolidated mortgage (assumed)
1891
1891
Deben (probable
1893
New
consol
M
62
49
90
90
359
($3,000,000) gold (assumed) F.c*
(now 1st)
$7,500,000 5s gold
Ma.c*
M
Boston Term
M
1st
$1,500,000. AB.c&r
New Haven & Derby consolidated mortgage .
Providence & Springfield first mortgage gold
Danbury & Norwalk cons M ($100,000 are 6s)
~i3
28
36
36
36
12
12
.c*
c*
c*
General M Danbury, Conn, to Wilson Point, &c.c*
First refunding mortgage gold assumed
c'&r
H R & Por 2d (now 1st) guar (V 56, p 813) F.c&r
Harlem Riv & Port 1st M gold $15, 000,000. Us.c*&r
Woonsocket & Pascoag first mortgage
Naugatuck first mortgage gold assumed
9
c*&r
61
Debentures
Boston & N Y Air Line new M $5,0~0~0~,bbb"("see"text)
N Y N H & H RR coupon notes (V 81, p 1039)
Bonds
of Proprietary
,
N H & No con s f $15,000 per
1904
1904
905
1906
1906
1892
1880
1880
1887
1895
1889
1888
1892
IS SO
1883
1905
1881
1904
1 890
1904
1902
1905
&c
98
28
—W
1,000
1,000 &c
500 &c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000 &c
1,000
1,000 &c
1,000
1879
1881
1906
1891
51
1,000
1,000
1897
1906
"16
M
-
Railway" Section.
'
.
ra kI
>
^
J
fnrtKn
DIVIDENDS.
1894.
%
quarterly)
BONDS,
-
'
-
,,
'
'
-
-
'
-
1
,
mn
7
'
i
,
1
1
'
'
,
V%
w
i
,'
1
.
,'
ending Mar. 31:
v '',.'!
Oth. inc. Int., taxes, &c Bal wr
.„«?!
-« !-.'i /-!;!i 5n.M;:»,lo, J719.869 ST.o:,;,.^, ^7493.350
V
iJI>1 ",471,567
8,846,614
844,587 6,396,027
2.7ii:, 171
0r
t
"" "" »12.459,210; other Income,
2
J668,465- cha7<rM S^Fall\. i? gprovements,
$2,000,000; dividends, u. W,;
1
-
1904-05 In V 81
1904
088
2.031
$24.1 16,454 $23,425 173 $1
25,341,
I93,(
14 195
,
&c—
11
months ending Mas
Gross.
;;
'
Gross earnings
Net earnings
Income.
Total net Income
Inter*
on bonds
$6,562,584
6.416.725
Charars
$777,006
t
Other Interest
Rental
Dividends
'*"'"'""""
,,a!
Riir.
_01
"
$308,051
21 ,871 ,642
425,81
$12,906,872 $12,860,273
$77
279,993
4,420,288
$1.1.
4,50
-
$1 ,30
186
1,464,71
1,5 16
I
385.389
fK)i;,'()06.'448 (8)4,'618,'488
(8)
HUr.$88,300sur.$208.534
en \>w m
onn
,410,380
i:296j568
8 ur.$382
1
l
"'
loos.
$7,090,888
5,050,748
1904
$6,652,484
•.,072,93s
1903
$6,176,518
4,557,087
$1 ,579,546
$2,051 ,19
SI. 619, 431
$2,021,368
683,758
271 ,638
677. 180
280,04 7
208,968
202,870
1
"
Skinner, Holyol
i
s.
Elton
\\
Balance, surplus
$409.51$
$886,828
$860,971
—(V
NEW YORK
OTTAWA
&
RY. TuppOT Lake, \. V., tO Ottawa Can
& Ottawa
tired bytheN. Y cSSt
A" Hud. Ilh. RR., at foreclosure sale on Dec
ol
which leases the
road from Feb
.:>. p.
1905
\
2796;
B0 p
228- V 82 D 934
Stock authorized, $i ,250,
June mo.-, a mortgage for $2 500 ooo was
made, of which about $1,500,000 to pa] for thi
and remainder for
Improvements and additions. V. 60, p. 2468; V. 81 d 265 Forve&rend
June 80 '05 told oo.),gTO
,418.
(V. 80, p. 2220, 2458; V. 81, p. 265.)
,28
m
Successor of the N.
n
I
.
\
NBW YORK & PENNSYLVANIA RY.— V. 79,
NEW YORK PHILADI I'll! A A NORFOLK
290
,,.
501.
RR. D.lmar, Del., to
95 miles, and King's Creek, Md., to Crlsfleld
7 miles
Bait. & Wash, have an option on the $2,
,000
I.
,
'
$978,910
l
Pres., Thos. P. Fowler.
Dlreotors, Deo, 1904, V, 79, n 2848
so
V. 81, p. 81, I.".''., 60S. 727, 972, 1044, 1792; V .'«-.
p. 2622:
p. 1497.)
I
51 1,030,134
4,136,843
2,659,624
Taxe
50
6
416 910
Bui., sur.
1.813.200
M\. si
1 ,118,386
REPORT.— Report for 1904-05 was given In V 81 d 972
1,26 ° t0 " N ""
4 ' 685 " 350 tons*; agalnsi
1«%
1902.
2,038
$21 ,223,631
$47,296,077 $43,521,087
$12,841,054 $12 24
818
613 060
109
1.223.
$16
.
$1,432,473
2037
906,436
—*i<
—
1903
'•
I
\,i.
$1,.
.
LOSfl
i)
'
Waterbury
1947
1956
1905
I
RBPO
1
1
—
Balance, net earnings
$2,040,140
Total net Income, Including '•other". $2,491,857
Interest on mortgage
as
766,976
Miscellaneous interest and discount
231
Rentals paid
-] \'
i,s
Dividend,
871
'
V
1
1909
1911
1956
1911
City, to Oswego, on Lake Ontario:
Allies.
Road Controlled, &c.
Gross earnings
Operating expenses and taxes
;
:
1
—
Year ending June 80
!
'
1
'07
De
fSotSSIoSi taWOsV:
month
9
I.
months—
ANNUAL
'
EARNINGS.—For
1
Apr
all
1905-06
1804-05..
'
'
Mar
do
1
A
11
,
,'
do
1
Hemingway, Geo.
S.
EARNINGS. — For
,
';
O Treas, New Haven, Conn April
O
do
do
April
D
do
do
June
O
do
do
April
O R I Hosp & Tr Co, Prov Oct
S
1
,
Ie
a 11 ""!,
ack *« 5 °.°o° being reserved for un",?'"
tier vi, r oonds. °v «,
V. 82, p. 219, Providence Terminal Co.
„,,..,
authorized), see A 82, p, 929, 629, 698, 1213, 1323: V. bonds ($7 ,500 000
83, p. 96.
\'.'"
Nort«iamptcm is or 1906 ('jlO.OOO.fJOO authorized
iss
ooo'( o
s n sl ;i1
" '"" ,lls uhi,h matured 1899 and
,f,d x
.,
f ; l'"nro\, ,,„,,..
and remaining si.:ioo,oon ,-,,, ,,
ervV.i
r? V, e the bonds
due 1909 and 1911.
V. 82, p. 1323.
]
4g
1
'06
Oct
1
,
'
5
1
1
%
-,
,
&
&
&
&
&
&
1
1
1
%
™™
'
A
A
J
A
6
1
1
1
Refunding mtge. for $20,000,000 covers 319 miles of road
the securities of the Ont. Carb. & Scran. Ry., 54 miles and all
after-acquired property.
V. 72. p. 87; V. 78, p. 2012; V. 80, p 651
The stockholders voted on Nov. 7 1904 to authorize a new mtge. for $12.000,000 to provide funds for capital requirements, under which $2,000 000
have been issued and the remainder will be reserved for future needs
dividend (calling for about $1 ,740,000) was paid on the common stock
3
in Jan. 1905, vesting In the shareholders directly the right to elect
the entire board of directors.
V. 79, p. 977 to 980, 1332, 1462- V 80 p 872
Early In the calendar year 1899 the coal properties at Scranton, Pa'., of the
Lack. Iron & Steel Co. (the capacity of the collieries then open being about
700,000 tons per annum) were purchased by the Scranton Coal Co aided
by loans from the N.\. O. & W.. the latter Issuing its $2,500,000 5 ., notes
(reduced to $1,225,000 Feb. 1 1906). extending over a period of years, secured by first mtge. on the coal property, and loaning $1,475,000 (of which
$305,000 has been repaid) secured by a 2d mtge., the O. & W. obtaining contract for entire tonnage. V. 68, p. 41, 429; V. 69, p. 604, 646- V 81 p 1792
In Nov. 1900 eight Independent anthracite properties with a maximum
output of 2.000.000 tons annually were merged as the Elk Hill Coal & Iron
Co., the N. Y. O. & W. issuing its $3,500,000 5 % s. f. first lien gold notes
secured by the Coal & Iron Co.'s 1st mtge., these notes maturing $75,000
each 6 mos., beginning June 1 '01, to June 1 '11, and thereafter $200,000
semi annually to Dec. 1 15. The notes are secured pari passu with the bonds
issued under the gen. mtge. of 1905. The Eli Hill Co. also made a 2d mtge
-70 V 73 p 501
to the N. V. (). & W. for $2,400,000 at 5 %. V. 71. p
The company's coal tonnage Is derived as follows: Scranton and Elk
Hill companies (as above stated) total maximum capacity. 2.700.000 tonsother companies. 300,000; washeilcs. 800,000 ions.
owned,
-
'
Various
1
.~548
1879 of N. Y. & Oswego Mid. forecl'ed.
N. H. & H. RR. acquired $29,160,000
com. stock at $45 per share and $2,200 of the $4,000 pref. V 79 d 2086
2643: V. 80, p. 1363. 2458; V. 81, p. 1044.
STOCK.— Stock is $58,113,982 (par, $100), of which $4,000 Is old pref.
DIVIDENDS.— Common, Jan. 1905,3%; July, 1^%; 1906, July, 2%
m
w
A
A
Total operated July
T1
Harl
Rlver & Portchester Division 1st mtge.4s of 1904
r*i * ™,?™7T authorized) are
Vl
S
($15,000,000
subject to the lien of the $1,000,000
wnicha llke amount is reserved. The proceeds will be of 4s due
used for
IFrUJX*, ng and im P r ovements on the
Harlem Div. The Naugatuck RR.
a\ ~\ fon
gUaranteed P- & '• V 78 - P- 1447, 1549; V. 79,
p 903, 1263i
V 82. p f^
S 5 000 00 ) 4% debentures were sold to purchase control of
,'
the
rJjlr-lfi*
i T
Central New England Ry. and $10,000,000 of 3 V % debentures
were author2
ized to acquire the stock ($5,000,000) of the Fair Haven
& Westville (Elec )
89, 1168, 122
2335; V 79 p 1263
In
?'
1905 snooo'niln V2'ZS& ?
debentures were sold to pay for control of N. Y. Ont.
'2 %tX°
*
v «n
>8 '.. Tnere a re 25
Colchester RR.
",
1907' VrnH^ii
,
f.
1907.
Under lease, assumed" the debt of Old Colony. first 7s due July 1
Loans and bills
n
P
1
000 Includl
J2 1 1
!^ 12. 100 .(X)0 coupon notes
in April ?9'0fi s 1 ^n n o n n n non-convertlb e* 4%
In (n'n 1906 $15,000,000
debentures were solda P
n of ne $ 1°.° 00 .000 guaranteed 4s, dated jii
Til 906 of the
,?
rl?? n i°?"? (
,.
SeC V> 82 P 869 and c °mpare "Street Railway
Y) Ry
"
Section
St C k
de
f
C < Dec 31 180 wc re offered the right tosubscribe
pro
rat i °i t par, ^,P, ,^ 25% each Jan. ^ 1906,
h T
rata at n°r payable S? L
1
Oct. 1 1906 July 1 1907 and
Apr
908, or optionally In full on any of said dates fo $30 000 000 of
,,t U, f
rtln a, ,,s
er«ble
a Par Of $150
Mock beu!V":,' Jan. i ;.M and Jan. P°n1916, the»tproceeds to be for »00
stock Detween r.m 1
V
n
used for
m ""
authorized and contemplated and the purchase of outst 1,
outstand
tag securities of controlled roads.
v 81. p 976 1039 1493
ton & x v Alr Llne stockholders vcted Nov! 13
1905 to make
„
a JL
mtje. . secure $.-,.000,000 bonds.
to
V. 8l p. 1492.
Danbury & Norwalk
'
3^
4g
ORGANIZATION.— Successor in
CONTROL.— In Oct. 1904 N. Y.
1895 to Sep. '06 (inclusive).
8 (2
I
M
4 g
1
1
1
Miles.
272 Pecksport. Conn, (leased)
3
22 Ontario, Carb. & S. (leased)
17
Cadosia, N. Y., to Scranton.Pa. 54
8 Rome & Clinton (leased)
«13
Utlca Clinton & Bing. (leased).. *31
Total owned
319 Wharton Valley (owned) ...
7
Trackage (till 2079) W. Shore RR.:
Ellenville & Kingston (leased)..
27
C'nwall to W'ken (V.61 ,p.425)
53 Port Jervls Mont. & Summitville
* See this company.
(owned and leased)
41
'
10 yi
yearly.
<5c
5
1
Branch to New Berlin
do
to Delhi
do
to Ellenville
.
I
J
—
'
1873-1893
-1
Per cent.
& O Coup, office; reg, mailed April
& N New Haven, Conn
May
&
R I Hospital Trust. Prov July
& J New Haven, Conn
July
& O
do
do
April
& D
do
do
June
D Chemical Nat Bank, N Y June
& N New York
May
& O R Hosp Trust Co, Prov Oct
& N New Haven, Conn
May
& O Treas, New Haven. Conn Oct
& O
Aug
M
5g
5 &6
5
4g
4
4g
L & Tr Co, N Y Nov
& Tr Co, Boston July
1
NEW YORK ONTARIO & WESTERN ry.— (See Map.)— Operates from
-
Sust bep aVt o tSafsttt e
&
Farmers'
Safe Dep
Weehawken, opposite N. Y.
Road Owned
Oswego to Cornwall, N. Y
-
^
'
James
trankW.
$100,000,000.
Of this, $80,000.53,745,500 Is issuable in exchange for
iy io,
$7 491.000 Consolidated Ry. 4% debentures of the Issues of July 1904
and Jan. 1905 on the basis of $200 for the stock and $5,319,000 to acquire
a
v
nces °( lnd ,ebtedness of controlled and leased properties;
.
t« ,-n nl further stock will
$6,7o0.000 *
be issued for the absorption of
and
vem ents makln £ a total of $96,036, 300 outstanding. leased lines 869
V 82 p
;Pi^°,
S
Ck
be iss ed l pay for otner leased lin e s and to provide
nn n
,
lor the $30,000,000 conv. li
debs ?
issued Jan. 1 1906.
V. 82, p
Under Connecticut charter of 1844, when dividends in excess of752 869
10% are
n
ne
1 amOUnt eQUal t0 SUCh
CXCeSS lt is "^erstood.
,
New York
May
New York
April
Nat N H Bk, New Haven Mar
New Haven, Conn
April
V. Warner, Bridgeport; A. J. Cassatt, Philadelphia,
J. Brush, Percy R. Todd, New Haven;
Cheney, South Manchester; Edwin Milner, Moosup, Conn.;
John H. Whittemore, Naugatuck, Conn. (V. 82, p. 1269, 1323, 1439;
Pa.;
111001 12611,
19 6
?
'1
,'15
1
1
&
4
5
Ansonia, Conn.;
V. 8J, p. 219, 869.
iss
1
July
S Mellen, New Haven, Conn.;
£0lm:, Chas. H. McK. Twombly, George McC. J. Pierpont Morgan, William
Rockefeller,
Miller, Richard
New York; D. Newton Barney, Hartford, Conn.; Charles F. A. McCurdy,
Choate and
Nathaniel Thayer, Boston; Robert W. Taft, Providence; C. F. Brooker,
^
;
1
April
&
1941
1941
1906 2%
1908
1947
1914
1954
1955
1956
1956
1942
1910
1910
1937
1945
1939
1918
1922
1920
1925
1955
1911
1954
1910
1954
1930
1955
1
Feb
A:
4
Harle
River branch and rapid
Tj^^?»?l?M v City, see ,m 79, p. 903. 1263, 2436; V. transit from New
Rochelle to N. Y.
V.
80. p. 872
Electric passenger service is proposed between New
York and Boston.
nnn^^^ 51 00 ^^ 8 ^
a
d Apr
lh"
Mar
Jan
4
4 g
:
n
New York
&
4g & 5g
1,500,000
4,000.000
,
'
S Liberty Nat Bank, N Y Sept 1
S
do
do
Sept 1
30 Co's Office, New Haven Sep 30
O Lincoln Nat Bank, N Y April 1
&
5g
1,000
1,000 &C
operated under lease
of bept. lo 1905 as part of the Cent. New Eng. Ry. lines. V. 81, p 265 1039
of
9 w n s entire stock96. New England Nav. Co. (V.81, p. 1853, 1039; V. 79,
p. 2748; V. 83, p.
In 1904-05 consolidation of various controlled electric railways in Connecticut and Massachusetts, viz.: Fair Haven & Westville, Worcester
& Conn.,
Eastern. Menden Electric, &c, aggregating about 693 miles of track,
was
effected as Consolidated Railways, whose stock ($10,000,000)
is all owned.
See also V 79 p 270, 1263, 1332, 1462. 2748; V. 80, p. 117, 223, 1112, 1363;
81 Po 1 6 7
74: V 82 P- 281 693 1439: V. 83, p. 96
•Yo f
,*».«. See
,^
?,h
Street
'
&
&
4
1,000
.
-
M &
M &
Q— M
3H
4
4g
4^
1,200,000
700,000
See text
200,000
and income bonds and control of stock of Fair Haven & Westville Elec RR
V
1168 V. 79.
p 70r% 768
Jw™,;, h Dutchess & Conn. ?89- was acquired, p. 2742. In July 1905 the
New burgh n
RR.
and is
'
See text.
15,000,000
1,000,000
200,000
100,000
2,839,000
17,500,000
1,500,000
575,000
750,000
500,000
150,000
350,000
635,000
10,958,000
100,000
2,500,000
234,000
580,000
8,175,000
Etc., Lines-
year not drawn. Un.c*
Northern Extension bonds. _
c*
Consol M $10,000,000 gold guaranteed
Holyoke &
leased mortgage $200,000 guar c'
Old Colony See that company.
Providence & Worcester first mortgage currency
Providence Term 1st
$7,500,000 gold gu p&i.c* &r
"\
1,699,000
4g
83,377,100 8 in 1905
85,000
4
10,000,000 3'A & 4
5,000,000
4g
10,000,000
3^
15,000,000
4
500 &c
100
5g
$192,000
1,000
100
100 &c
97-'01
Deb
N Eng cons
NY &NE
$1,000
ape
<
banes, va
,
TnePenn. RR. and PhU.
i
July,
1906.1
RAILWAY STOCKS AND BONDS.
103
RAILWAY STOCKS AND BONDS.
104
RAILROADS.
Miles
For
column headings, &.c,
tttplanation of
on
New York
page of
first
Date
of
Road. Bonds.
— Common stock
Me.c'&r
M $20,000,000 gold
& Western
Ontario
Text.
Refunding (first)
Gen mortgage $12,000,000 gold red 110 (see text).
Gold notes secured by 1 st M Scranton Coal Co
do gold sec by 1st M on E H C
I due seml-an c*
Car trustB Ser B $37,000 payable semi-annually. Me
Car tniBts Ser C $22,000 payable semi-annually. Me
Car trusts Ser D $50,000 due semi-annually
128
New York & Ottawa First mortgage $2,500,000 g.. Q
New York Phlla & Norfolk— Stock $2,500,000
112
First mortgage $3,000,000 gold
.FP.c*
FP
112
Income M gold non-cum reg ($1,000,000)
New York & Putnam N Y & Nor 1st M gold.
57
c
57
N Y & Peon $6,200,000 gold guar p & 1 (end).Un.c*
N Y & Rock Beach— 1st M $1,000,000 gold guar.Ce.c'
12
Ce.r
12
Second M Income bonds non-cumulative
N Y Susq & Western— Midland RR 1st M gold. .Ce.c*
72
Paterson Exten RR 1st M real estate s f gold
1
c*
New York Susquehanna A Western first mortgage..
First mortgage refunding gold
Ce.c*
127
127
Second M ($1,000,000 gold) 3d M on 72 m..Ce.c*
General mortgage for $3,000,000 gold
Ce.c*
127
Terminal first mortgage for $2,000,000 gold. Us.c* &r
Allied companies
Wllkesbarre & Easton 1st M gold guar p & 1..0.C*
65
Susq Connect RR 1st M gold red at 105 guar.Mp.c
10
<Sc
—
—
—
1892
1905
1899
1900
1902
1903
1904
1905
W
——
—PrinciStocks— Last
Bond*
Size, or
pal.
Par
Amount
Value.
Outstanding
When
Where Payable, and by
Payable.
Whom.
Rate
%
When Due.
Dividend.
$100 $58,113,982 See text. See text.
1,000 &c 20,000,000
4g M & S
1,000
1,000
1,000
1,000
1,000
1,000
1,000 &c
50
1899
1899
1887
1894
1887
1887
1880
1881
1.000
1,000
1,000
1,000
1,000
1,000
500 &c
1,000
1887
1887
1890
1893
1,000
1,000
1.000
1,000 &c
1892
1897
1885
1896
1887
1893
2,000,000
4g
1.225.000
5g
2,675,000
5g
74,000
4M g
88,000
5g
300.000
5 g
See text.
4g
2,500,000 See text
2,600,000
4g
1,000,000
4
1,200,000
5g
4,025,000
4g
984.000
1,000,000 Up to 5 %
3,500,000
6g
250,000
6g
5,000
6g
3,745,000
5g
447,000
4^ g
2,552,000
5g
2,000,000
5g
1,000
1.000
& New York 1st M (999 years rental)
3
Macopln RR 1st M (branch to Macopin Lake)
2
N Y Susq & Coal Co 1st M red at 110 sink fd..c*
New York & Wllkesbarre Coal Co first mortgage.. N
New York Texas & Mexico See Galveston Harrlsburg & San Anton
Newport & Cincinnati Bridge See Louisville & Nash ville.
Newton & North w 1st M $2,500,000 gold red(text) OB
102 1902
Funding mortgage $600,000 redeemable at par
102 1903
Passaic
—
INTEREST OR DIVIDENDS.
of
see notes
tables.
[Vol. lxxxiii.
July 80 "06 2
Office. 56 Beaver St. N Y June 1 1992
D New York
June 1 1955
A New York Trust Co, N Y Feb '07-Feb '11
D Morton Trust Co, N Y Dec '06-Dec '16
D Manhattan Tr Co, N Y To June 1907
Nov '06-May '08
N
do
do
do
Oct '06-Apr '09
O
do
Grand Cent Station, N Y July 1 1955
Checks mailed
June
1906
%
26 South 15th St, Phlla Jan
1939
Checks mailed (see text) Jan
1939
1927
Oct
o New York City
1993
o Grand Cent Station, N Y Oct
1927
s U S Mort & Tr Tr Co, NY Sept
1927
Sept
Office, 11 Broadway, NY April 1 1910
do
do
June 1 1910
July
1911
do
Jan
1937
do
do
do
Feb
1937
Aug
do
do
1940
1943
do
do
May
&
&
&
&
M &
A &
J
F
J
J
J
J
J
M
&
&
u &
A
A
5g
6g
500
3,000,000
50,000
70,000
44,000
327.000
450,000
6
5
6
6
&
& D
& D
M &
M &
Nov
1,000
1,000
1,000
1,000
2,460,000
600,000
175,000
250,000
5g
5g
5g
A & O Old Colony Tr Co, Boston Oct
J
& D Adams Trust Co, Boston Dec
F & A Mercantile Tr Co, N Y
Aug
500
1,000
do
do
do
do
do
do
do
do
do
do
J
M &
'02 not
June
Mar
Dec
Dec
Mar
pd when due Nov
1
1
1
1
1
1942
1907
1910
1916
1912
1933
io.
1
1
1932
1913
1922
1938
—Belt M $650,000 gold Me c* Text. 1902
Line—
mortgage. ,FP
1898
5
F & A Fidelity Trust Co, Phlla Feb
— See Atlantic Coast Line RR.
100
Southern — Capital stock
2,000,000 See text.
223
Q— Metropolitan Tr Co, N Y Jan 10 1905 %
First mortgage $1,970,000 gold
1,655,000
1,000
1941
Mp.c*
223 1891
5g M & N Metropolitan Tr Co. N Y May
Company, Norfolk to Lynn Haven Inlet and Virginia Beach, via Cape
SECURITIES. — Stock, $2,500,000,
outstanding, $500,000 being
Issued June 1906 as a 25% stock dividend; par, $50, represented by negoHenry, 24 m. (acquired Dec. 1904). Total June 30 1905, 223 m.; 45 m.
Niagara Junction Ry
Norfolk
Norfolk
Norfolk
1st
& Portsmouth
&
&
6
first
1
1
Carolina
1
1
all
is
tiable trust certificates issued by Fidelity Insurance Trust & Safe Deposit
Co. of Philadelphia.
Of the $3,000,000 1st 4s, $400,000 are reserved for
Improvements. V. 68, p. 773, 978. As to incomes, see V. 68, p. 978.
Dividends on stock, 1901, 6%;
1902, 5%; 1903, 6%; 1904, June, 3%;
Dec, 5%, incl. 2% extra; 1905, June, 4%; Dec, 6%, incl. 2% extra;
1906, June, 6% and 25% in stock.— V. 82, p. 1438.
EARNINGS. Year ending Dec. 31 1904, gross, $2,001,784; net, $580,296; other Income, $100; charges, $392,257; dividend (8%), $160,000;
bal., sur., $28,139.
(V. 81, p. 1437; V. 82, p. 1213, 1438.)
YORK & PUTNAM RR.— Owns 155th St. and 8th Ave.. N. Y.
City (terminus Manhattan Elevated) , to Brewsters, N. Y., 54 miles; doubletrack branch to Yonkers, 3 miles; operates 2 miles; total, 59 miles.
HISTORY. Successor to the N. Y. & Northern, sold under foreclosure
of 2d mtge. Dec. 28 '93, and purchased for N. Y. Cent. & Hud. Riv. RR., to
which It is leased— see V. 63, p. 754, 820, 1159; V. 81, p. 265, Decision, V.
74, p. 380; V. 77, p. 2339; V. 81. p. 1610. Stock, $6,500,000; par, $100.
BONDS. The New York Central guarantees the new consolidated mortgage bonds, of which $1,000,000 were reserved for Improvements; also
$1,200,000 to retire at maturity the first 5s.
(V. 81, p. 1610.)
YORK &
BEACH RY.— Owns Glendale Jet. to Rockaway Park, 10.31 m., with branch, 1.43 m.; total, 11.74 m.; double track.
Stock, $1,000,000; par, $100.
Leased in perpetuity in 1903 by Long Island
Railroad Co., whose endorsement Is printed on first mtge. bonds. On Jan.
1 1906 $101,000 firsts owned by L. 1. RR. were on deposit under Its unified
mtge., together with $929,667 of the Incomes.
In April 1906 F. J. Llsman
& Co. requested deposits of Income bonds and stock to protect their Interests.
V. 82, p. 929. Year ending Dec. 31 1905 gross, $444,737; net,
$153,411; other income. $3,087; charges, $61,450; balance, $95,048.
(V. 66, p. 1046; V. 77, p. 2098; V 82, p. 929.)
YORK SHORT LINE RR.— To build a cut-off for the Reading Co.
between Cheltenham and Neshaminv Falls, Q'A miles, was opened May
1906.
V. 79, p. 1038. To be 4-tracked, 2 tracks to be laid at present and
on 2 miles 3 tracks. Stock, $250,000, all owned by Reading Co. Guar-
—
—
NEW
—
—
NEW
—
ROCKAWAY
NEW
anteed bonds
will likely
be Issued.
NEW YORK SUSQUEHANNA
— (V.
& WESTERN RR.— {See
Erie Map.)
RR
Owned
Jersey
78, p. 2335.)
Susq. Connecting
Other branches
Lines leased, &c.
(In fee) or entire stock. Miles.
City to Gravel PI.. Pa
101
(Double track 19 miles.)
Bridges, N. J., to Unlonvllle 21 Middletown Un.
& Eastern
65 Trackage
Two
& Water Gap'..
Wllkesbarre
14
2
—
2H%
—
.
—
—
NEW
—
,
ii
—
8%
,
ll
,
.
.
.';
i
.
.
1
to Washington, \.
('..
44 m.; formei
1
It
V. 78, p. 1549, 2599; V. 79. p. 1462, 1705.
CONSOLIDATION. In April 1906 consolidation was pending per plan
V. 82, p. 929. probably as the Norfolk & Southern Ry., of the Norfolk &
Southern RR. and the Virginia & Carolina Coast (Suffolk to Edenton, 51 m.,
with branch to Elizabeth City, 23 m.) with the lease of the Atlantic &
North Carolina, Goldsboro, N. C, to Morehead City, 95 m., a total of 400
m. In operation, and all the stock and $10,000,000 1st mtge. bonds to be
Issued by a lumber co. to own over 600,000 acres of timber land In fee and
about 200,000 acres of timber rights. The new company will build an extension of about 200 miles, making a connected system of about 600 m.
between Beaufort and Goldsboro, New Bern and Washington, Raleigh and
Washington, Washington and Mackey's Ferry, Belhaven and Mackey'6
Ferry, Edenton, Suffolk, Elizabeth City and Norfolk.
The Suffolk & Carolina was taken over Jan. 1906.
The new co. will Issue the securities shown In the table above. $14,000,000
bonds and $4,800,000 pref. stock having been underwritten to provide for
acquirement of property and construction as above. The new bonds will
be secured in part by all the bonds of the lumber co.; a s. f. to be not less
than $175,000 yearlv and estimated to exceed $300,000. Of the bonds.
$3,500,000 will be reserved to retire all outstanding liens and $7,500,000
with $7,300,000 pref. and $200,000 com. stock for future purposes.
electrically.
—
,
EARNINGS. — The
present aggregate net earnings of the acquired propreported as over $1,050,000; Interest on bonds to be Issued. Incl.
reserve for refunding, $875,000: bal. for stock, $175 000.
Estimated net
earnings for the first year after the property Is completed, $1,550,000,
applicable to stock.
leaving $675,000
Report of Norfolk & Southern RR. was In V. 82. p. 158.
DIVIDENDS. July 1892 to Jan. 1905, Incl., at 4 % per annum; In July
1901 and April 1904, 1 % extra was paid; none since.
Loans and bills payable June 30 1905, $610,000; car trusts, $38,708.
Pres., Frank S. Gannon: Treas., O. W. Van Voorhls, 17 Nassau St.
(V. 82, p. 805, 929, 987.)
N. Y.; Sec. A. H. Larkln, 54 Wall St.. N. Y.
erties
is
—
—
NORFOLK & WESTERN RY.— See Map. — System
extends from Norwestward to Columbus, Ohio, and northward to Hagerstown,
Md., with branches to the various coal fields In Virginia and West Virginia.
Miles.
Road owned.
UiUm.
121
Norfolk, Va., to Columbus, O... 704 Roanoke to Winston
299
Radford, Va., to Bristol. Tenn.. Ill Sundry branches
4
Roanoke, Va., to Hagerstown._238 Columbus terminal
100
Graham to Norton
44
Total owned June 30 190*. .1,833
Nor. Car. Junction to Fries
115
Lynchburg to Durham. N. C
Double track
136
Portsmouth Jet. to Cincinnati
106
and Ivorydale
ORGANIZATION.— Successor In 1896 of Norfolk & Western RR., &c.
In 1900-01 Penn. RR. and subsidiary
foreclosed per plan In V. 62, p. 641.
companies acquired control, through purchase, of over $32,000,000 of the
folk, Va.,
|
10
25
Total road operated ('see this co.) June 30 1905
238
STOCK Pref., $13,000,000; com., $13,000,000, of which the Erie owned
June 30 1905 $12,378,900 com. and $12,892,400 pref., of which $6,630,000
com. and $6,630,000 pref. are deposited under its Pennsylvania coll. tr. M.
Dividends on pref., Nov. 1891 to 1892,
yearly; none since.
BONDS. General mortgage 5 % bonds are reserved to retire the 2d
mortgage 4 Ms. See mortgage abstract. V. 52, p. 84. The seconds are
exchangeable for generals on payment of an assessment.
As to terminal bonds listed In Sept. 1893, see 'Supplement" of Jan. 1898,
and abstract of mortgage V. 57, p. 512. The Wllkesbarre & Eastern 1st
5s are unconditionally guaranteed.
V. 60, p. 481.
Susquehanna Connecting 6s are called, $25,000 each M. & S.
EARNINGS.—11 mos., 11905-06
Cross, S2,.r>nr,,.'(l 3; net, $759,073.
to May 31
July
..Gross, 2,485,705; net, 868,029.
/ 1904-05
REPORT. For 1904-05 In V. 81 p. 1371, showed on 238 miles:
Year
Gross.
Net.
Oth. Inc. Charges.
Balance.
1904-05 „. .32,743,135
$902,843
$40,166
$1,025,696 def.$22,687
1903-04... 2,659,790
1,109,812
49,903
942,928 sur. 216,787
(V. 79. p. 1953; V. 80, p. 712; V 81, p. 1175, 1371; V. 82, p. 452.)
YORK TEXAS & MEXICAN RY.— In 1905 consolidated with
Galveston Harrlsburg &. San Antonio Ry., which sec.
In year ending June 30 1905, gross, 3484,101; net, $99, 274; deficit under
charges.»$105,855.
(V. 78, p. 288, 702; V. 81, p. 212.)
NEWTON & NORTHWESTERN kk, -Owns Newton to Rockwell City,
[a., 102 mile
The Port Dodge Dea Moines & Southern Ry., which has
taken over a portion of the main line and the street railway lines in Fort
Dodge and Anies. In .lime 1900 lei eontiaef foi an electric system from Fort
outhcasl vis Ames to Di
See "Chronicle "
Stock, $2,500,000. of which 3500,000 ll 6 % i". cum. pref.; all outstanding.
First mtge. bonds are subject to call on any Interest day at no and
Interest.
Both mortgages cover road and 8,218 acres bituminous coal
lands.
V. 78, t>. 49, 703.
for year ending June .'in 1905, gross. $112,924;
I'res., Homer Lorlng, Boston, Mass.; Sec, Chas,
net, 39,532.
F. Cushman, Boston, Mass. (V. 78 p. 49, 127.">j
NIAOARA JUNCTION RY.— A terminal anil switching road extending
from Niagara Palls, N. v.. t" Pletcher's Corners, \. v., 6,15 miles- factory
stock, 3100,000 com. and 3140,000
sidings, 8.74 m.
cum, pref.; ail of
the com. and nearly all the pref. being owi
the Niagara Palls Power
Co.
NO bonds In excess of 3500,000 can be
without the con sent or
lied
ir.
Year end. Junt
346,571; net, 325,530; lnl
taxes, &c, 312,029: bal., sur., 313,507. Pre ,D O. Mills; 2d V. Pres. and
Trcas.. Win. ii. Rankine; sec., p, i,. Lovelace, Office, IS Broad St., N. Y.
NORFOLK * PORTSMOI III Bl II I.I M. 1/ IV Owns I'ort Norfolk tO
stock. 349,000, in 310
Berkley, Va., S miles,
table.
Bond
e<
Year ending Dec.
1904, gro
3100,489; net, 341,027; Interest on bonds,
$12,500; other Interest, 381; taxes. 31,097; bal
sur., 320,799,
Norfolk & SOUTHERN RR. Owm Norfolk, Ya.. to Edenton, N. c.
76 miles Terry across Albemarle Sound to Wacki .' Ferry, 8 m.); thence
Mci ha \ ci 1. 30 in.; Norfolk to Virginia Beach, 10 m.; Clapham Jet. to
road
Munden's Point, 22 m.; Providence to Clapham Jet., 8 m.; Wacki
I
equipped
(electric railway)
|
stock.
See V. 74, p. 503; also V. 70, p. 687, 1150, 1195; V. 71, p. 809;
Branches building June 30
V. 72, p. 184, 480; V. 73, p. 957; V. 78, p. 1270.
1905, see V. 81. p. 913.
STOCK. Provisions of pref. stock were given In "Supplement" of April
non-cum. with preference as to assets.
1897, page 4, said stock being 4
—
%
13444444
DIVIDENDS.
'97
Preferred (%)..
Common (%).
'98
'99
'00
--
-
'01
'02
"03
'04
1905
4
1006
Feb.. 2
2
2H
3
3
See below.
4
In 1905, on com., June, 1H%: Dec, 2 %. V. 81, p. 1316.
BONDS. The first consolidated mtge. of 1896 Is limited to $62,500,000.
the balance unissued being reserved to retire the underlying bonds. The
V. 73, p. 502; V. 74,
right to Issue prior Hen bonds has been annulled.
p. 151; V. 75. p. 505; V. 77. p. 1785; V. 78, p. :>:'9.
4 % 1st consols are a 1st mtge. on a large part of the system, viz.,
The
about 869 miles of railroad: upon Important terminals at Norfolk and Lamberts Point; upon the Ohio River Bridge and the Roanoke Machine Works;
besides being a consol. mtge. upon 739 miles of the system, subject to the
undisturbed liens. They are further secured by the equipment (cost over
$11,000,000). covered by the car trusts and equipment bonds taken up
under plan. See abstract. V. 64, p. 376. V. 72, p. 137, 438. 532. 723,
1080; V. 75, p. 505; V. 79, p. 213; V 81, p. 212.
The N. & W. -Pocahontas Joint bonds are secured by about 295,000 acres
of coal lands owned and held by the Pocahontas Coal & Coke Co., whose
stock is owned, of which about 50,000 acres have been leased to companies
whose stock Is all owned by the U. S. Steel Corp, and .19,797 to other concerns, the royalties under such leases alone being shortly expected to be sufThey are subject to call at 105,
ficient to almost meet the lixcil charges.
cents per tontnlned.
V. 73. p. 845,
beginning 1000, for a sinking fund of 2
These bonds arc the Joint and
902; V. 74. p. 41, 380, 1197; V 7.">. p. 502.
several obligations of the Rallwav Co. ami of the Coal it Coke Co.
Divisional \sl lhn mid gen, mtge. 4s of 1904 ($35,000,000) authorized for
future capital requirements are a 1st lien on extensions and branches not
Covered l>y the 1st COnsol. mtge. aggregating 1'17 tulles, and upon such extensions and branches as may be acquired from the proceeds of the new
bonds and also a lien subject thereto noon the properties covered thereby.
Of the bonds $1 oon, 000 has been sold for Improvements ami new equipment.
V. 78, p. 1049; V. Til. p. 501, 028, 073, 1042, 1701. 2148; V. 80,
—
'
.
.
I
p. 1175: V. 82,
,
p„510.
trusts of 1:102. v. 74. p. 081: V, 75, p. 502; of 1004, V. 78,
In April 1905, Series "C" car trusts for $:•, 000. 000 were sold: In
p. 1:107.
V. 8(1, p. 1857;
1:106. Series "D," "!•;• and "P" for $1 .nun ,0011 each.
.Ian
V. 82. p. 210. 320: In -In b inot'.. ser. "G" to "K," due $ 00 ,01 hi May, .In no
July and Aug. yearly, v. 8:1, p. 90. Description of funded debt see v. 75, p.
Equipment
1
;,o 1.
-Of the traffic In 1001 or. 04 % (10,1 12.083 tons)
<; i:\i-: it m. 11 NANCES.
ite per ton per mile. 0,474 cents:
was bituminous coal and coke: asee
As to new -is of no
llonds" above.
In Dec
(rain load, 631 tons.
rate on com. was Increased to 4 %.
1900 dividend
'
1
I
.
'
July,
1906.J
RAILWAY STOCKS AND BONDS.
105
106
RAILWAY STOCKS AND BONDS.
[Vol. lxxxiil
July
1906.J
RAILWAY STOCKS AND BONDS.
IU7
RAILWAY STOCKS AND BONDS
108
RAILROADS.
Miles
For explanation
column headings.
of
on
page of
first
&c,
of
of
Size
Par
Amount
Outstanding
Norfolk & Southern
1904
.G
$1,000
1st gen. M. g. red 115
1886
Suffolk & Carolina first mortgage
75 1902
1,000
First consol mortgage $1 .000.000 gold red at 110c*
Securities to be Issued by new company under Con soliiat ion PI
Common stock $20 ,000 .000
Pref stock $5,000,000 5 % non-cum red conv dur 5yrs
1906
First and ref M $25,000,000 gold red at 110 sink fund
100
Norfolk & Western Ry Common Stock $66,000,000. Q
100
Adjustment preferred 4 % non-cum $23,000,000. _ G
428 1881
1,000
(now 1st) M Norfolk to Bris. etc g.FP c*
N & gen
1,000
193 1882
New River Division first mortgage gold.. FP.c*
588 1883
1,000
Improvement & Extension mortgage gold. .FP.c*
129 1889
1,000
Scioto Vallev & New Eng 1st M assumed gold.Ce.c'
1896
500 &c
Me.c'&r 1,608
first consol M $62,500,000 gold
N &
Div 1st lien & gen M (test) g red 105 begin 1929. .G 1,804 1904 1.000 &c
1901
1 000
Pocah joint M $20,000,000 g call 105 s f.-GP.c'&r
1892
500
Col Con & Term 1st M gold guar p & 1 (end).Mp.c*
1902
1,000
Equip trusts gold $500,000 yearly beg 1905.. FP.c*
1903
yearly. _FP
1,000
do
Series A, gold due $100,000
1,000
1903
FP
do
Series B gold due $100,000 yearly
1905
1,000
do
Series C gold guar p & 1 due $200,000 y'rly
1905
1,000
Series D gold $100,000 yearly
do
1905
1,000
do
Series E gold $100,000 yearly..
1906
1,000
to K g gu $100,000 each ser yrly.
do
Series F
1902
1,000
Norristown & Main L Con 1st M g guar p & l(end) QP
100
223
North Carol! na Stock 7 % rental
90.5 1892
1,000
North Shore RR No Pac Coast gen M (now 1st) gold.c
c*
1902
1,000
New North Shore $6,000,000 g s f begin 1912..
"86
50
North Penn Stock 8 % guar 990 years $6,000,000 auth
500 &c
56 1866
Old second M, now first M (7s extended in 1896) ..c
86 1873
c&r
General mortgage extended In gold in 1903
1898
Funding loan bonds $409,000
ground rents June 1905.
Real estate mortgages and
26 1890
1,000
gold guar P & R(end) .GuP.c*
North East Penn 1st
107 1896
1,000
K.c
($350,000 are prior lien)
Northern Ala— 1st
83
100
Stock 6% rental
Northern (N H)
50
Northern Central— Stock ($20,000,000 authorized)...
144 1855
State of Maryland loan V74,p 1197
First mortgage
W
W
800
800
1,800
1,000
1.000
5,000
250
4,000
1,498
—
M
—M
—
,000
5,382
1,500
4,500
391
92
M
400
1,650
3,068
17,193
—
NORFOLK & WESTERN
EARNINGS. —
%
Bal., sur.
&c.
$3,767,582
$6,698,908
1905-06
$10,466,490
$26,009,720
5,162,098
3,426,392
1904-05
21,920.415
8,588,490
REPORT.— Report for 1904-05, V. 81. p 896, 912(see editorial, p. 873V
Net.
Years ending June 30
Miles, June 30
Passenger earnings
Freight earnings
Mall, express, &c
—
Int., taxes,
1902.
1903.
1904.
1905.
$
1,833
$
$
$
3,158,773
20,249,399
681,088
1,769
3,150,859
18,894,941
673,175
1,722
2,841,491
17,676,349
642,836
1,685
2,379,476
14,594,281
578,449
Total gross earnings.. 24,089,260
Operating exp. and taxes 15,285,434
22,718,977
14,344,730
21.160,675
12,697,430
17,552,206
10,136,227
8,803,826
9,014,399
2,862,933
226,667
216,000
8,374,247
8,521,479
2,603,510
156,889
295,595
(4)919,524
8,463,245
8,611,504
2,435,690
625
159,176
(4)914,818
7,415,979
7,490,873
2,352,402
5,375
161,230
(4)910,014
Total net earnings...
Total net Income
Interest on funded debt.
Interest on car trusts
Def.Int.Poc.C.&C. bonds
(4) 91 9 ,530
Dividends on pref
Dividends on com
(3)1,934,076
Miscellaneous
Betterment fund, &c
2,250,000
Discount. &c
160,197
Balance
sur. 444,996
St..
,934 .076 (3)
1
,934 ,076 (2)
1
,289 ,384
2.000,000
87,167
135,000
2,500,000
347,078
10,000
2,500,000
80,392
sur.524,719
sur. 185,041
sur.182,076
— Pres L. E. Johnson; Chairman of Board, Henry Fink, 27
N. Y.: V.-P., Wm. G. Macdowell; Sec, E. H Alrlen; Treas.,
OFFICERS.
William
(3) 1
,
li. Lacy.
General office, Roanoke, Va.; Philadelphia office, Arcade
Building, Market and 15th streets.
Directors.
Henry Fink and Victor Morawet/, New York; L E. Johnson,
Roanoke, Va.; John B. Thayer Jr.. Samuel Pea, W. G Macdowell. W. H.
Joseph I. Doran and John P. Green, Philadelphia; James McCrea,
Barnes,
(V. 83, p. 96, 156.)
Pittsburgh; Walter H. Taylor, Norfolk, Va.
Jos.
—
—
NORRISTOWN & MAIN LINE CONNECTING RR. — Owns
road 3,405
feet long, including bridge over Schuylkill River, extending from Norristown to a connection with the main line of the Phlla. & Read, at a point
on stock and
above Bridgeport, Pa. Leased to Phlla. & Read. Ry. at 4
The Reading Co. owns all the $50,000 stock and guar
Interest on bonds.
antees the bonds. V. 75, p. 1148.
%
—
NORTH CAROLINA RR. — Owns
from Goldsboro to Charlotte, N. C,
221.65 m.; Carolelgh Jet.. N. C. to Carolelgh Mills, 1.90 m.: total. 223.55
miles.
Leased from Jan. 1 1896 to the Southern Ry. Co. for 99 years at
$206,000 (0 'i % on stocki per year till Dec. 31 1901 and $286,000 (equal to
State of North
7 % on stocki balance of lease: also taxes. V. 63, p 301.
Carolina holds $.1,000,000 stock.
(V. 66, p. 665.)
.
—
NORTH PENNSYLVANIA RR. Owns from Philadelphia, Pa., to Bethlehem, Pa., 50 m.; branches to Delaware River, &c., 31 m.; 2nd track, 54 H
Leased for 990 years from May 1 1879 to Phila.
m.; total track, 227 miles.
& Reading RR. at 8 % on stock, and lease assumed In 1896 by Phila. &
Reading Railway. Current liabilities June 30 1905, $364,419. (V. 73,
p. 1100; V. 75, p. 1354; V. 78. p. 821; V. 81, p. 559, 008.)
NORTH SHORE RR. (Narrow Oauge) Owns San Francisco to Cazadero,
84 m.; brandies to San Rafael and Mill Valley, 4 m.; spurs, 10 m., of which
—
—
m
Including ferry to San Francisco, 6 m.
Of the
5 not operated; total, 98
road, Sausallto to Mill Valley, Fairfax and San Rafael, 25 34 m., was opened
V. 74, p. 1252.
as a third-rail standard-gauge electric line In Aug. 1903.
Successor May 1902 of North Pac. Coast RR.
In 1904 Pres. Arthur W.
Foster of he Cal. Northwestern Ry. and associates. Including, It was underSouthern Pac. Interests, acquired control. V. 79, p. 681.
stood,
STOCK. Stock, $0,ii0O, 000; par, $100. V. 77, p. 250, 1534; V.83, p. 156.
BONDS. Of the 5s of 1002 Mere. Tr. Co. of San Fran., (trustee), the
present Issue Is 13,500,000, or which $1 ,500,000 were reserved to retire the
N. R. Coast 5s at or before maturity, the bal. being Issuable as required for
extensions and Improvements.
V. 74, p. 1252. The Interest on the 5s of
1902 was defaulted fl second time In May 1905. cash for principal and Interest
being deposited with the trustee, which declared the bonds due and payV. B0, p. 1018.
able.
For year ending June 30 1905, gross. $721 ,897; net, $110, 349; Interest and
I'res.
taxes, $280. -178. bal., def. for year, $170.1 29.
Artliur W. Foster,
Directors, Aug 1904, V. 70. p. 881.- (V. 83, p, 156.)
San rram
,
i
—
NORTH-LAST PENNSYLVANIA RR.— Owns road from Glenslde to
New Hope, i'a.. 26 miles. Controlled by Reading Co. Capital stock,
$400,000, of wlilch $318,950 owned by Reading Co.; par,
northern alauama
1
,500
$".().
kv.
six nieid to Parrish, Ala., and branches,
In April 1899 a majority of slock ami bonds purchased by the
119 miles.
V. ok, p. 824. 878.
Southern Ry.
See also V. 69, p. .'till.
Stoew is $2,000,000
Under supp. mire, of 1898 $100,000 of the out-
Remaining $1,800,000
standing $1,700,000 1st 5s were made prior liens.
1898 ai 2 ",
ben 3 % for
gen, Hen bonds bear Int. for two years lion. .July
in yeai
v. 07, p. 1208,
5 %.
two years; thereafter
p
nd'ng June 30 1005,
I, net, $46,330.
In 1903
(V. 09, p. 28.)
gross, $1 IK. 380; net, $88,881.
]
.
I
1
NORTHERN (N. H.) RR.— Owns Concord. \. II., to
m: branch to Bristol, N. H., 13 m.; total 83 miles
White River
& D
& A
& N
& O
Junel5 1906
,
6 g
I
1
NORTHERN CALIFORNIA
RY.
— Sec Southern
Pacific
RR.
Office, Philadelphia
Mercantile Trust Co,
do
do
do
do
do
do
4 g
K
4 g
g
g
g
£
g
g
g
g
g
K
4
4
4
4
4
4
4
4
7
5
5
D
&
&
&
&
&
&
&
&
&
&
&
&
&
M
•J
F
M
do
do
6 g
4
5
1
1954
April
1
July
1
1911
1952
1956
5 g
See text.
4 in 1906
6 g
4
Dividend.
July
2%
Nov
1
Oct
1
July
1
Dec
Jan
1
1906 2%
1931
1932
1934
1989
1996
1944
1941
1922
1
1906-'ll
Aug 17
N Y May 1
do
do
do
do
do
do
April
1
1
Feb
1
J Metropolitan Tr Co, N Y
Fidelity Trust Co, Phila Sept
J
Jan
S
Mar
Apr
do
do
do
do
o Commercial TrCo, Phlla
do
do
N
do
do
D
do
A
do
S Reading Terminal, Phlla
1
1
1
Novl
1907-1913
1907-1913
1907-1915
1906-1915
1906-1915
Dec 1
Feb-Aug
Sept
1
'07-'16
1952
Aug 1 '06 3 H %
A Burlington, N C
J Co's Office, San Francisco Jan 1 1912
M
N May 1904 Interest last pd May 1 1942
Q— Office, 240 S 3d St, Phila May25 1906 2%
May 1 1936
M & N
do
do
Jan 1 1953
J
& J
do
do
M & N
do
do
Nov 1 1928
A & O Phila & Reading, Phila April 1 1920
J
& J J P Morgan & Co, N Y.July 1 1928
F
J
g
g
8
4
3.3 g.
4
5g
See text.
See text.
8 In 1906 J
6
Q—
&
Q—
1023 Old So Bldg, Boston July 2 '06 1 H
July26 1906 4
Irredeemable
Annapolis
J Treasurer's Office. Bait
— —
%
%
RY. Owns Baltimore, Md., to Sunbury, Pa.,
135 m., of which 132 m. double track branch, 9 m.; leases Shamokln Val.
& Pottsv. RR., 38 m.; Elmira & W'msport RR., 76 m.; operates at cost
Elmira & Lake Ont. RR., 100 m.; Lykens Val. RR., 19 m.: also since June 1
1902 York Hanover & Frederick RR., 56 m.; York branch Penn. RR.
York, Pa., to Columbia, 13 m.; other, 4 miles; total, 450 miles. Also uses
—
N. Y.L. E. & W. tracks, 7 m.
Northern Cent. Connecting RR. Co., Incorporated on May 12 1903 with
$350,000 authorized stock, is building from a connection at Sellnsgrove Jctn.
V. 78, p. 773.
to the main line of the Penn. RR., 35 miles.
ORGANIZATION. A consolidation of several roads in 1854. Controlled by the Penn. RR., which owns a majority of the stock.
The stockholders In Nov. 1903 authorized perpetual lease to or merger with the Pennsylvania RR. V. 77, p. 1875.
SECURITIES OWNED. On Jan. 1 1906 among the assets held were
Elmira & Lake Ont. stock (all), $1,500,000; Sham. Val. & Pottsv. stock,
$619,650; Union RR. stock, $1,225,000 (the bal. of $875,000 being held by
Also the following, mostly acquired In 1900;
Phlla. Wllm. & Balto.), &c.
Ches. & Ohio stock, $1,500,000; Bait. & Ohio pref. stock, $1,000,000, and
com., $781,500: Norf. & West. pref. stock, $500,000, and com., $1 ,000,000:
Erie & West. Transportation Co. stock, $500,000.
STOCK. Authorized issue was increased in Feb. 1900 from $8,000,000
The stockto $12,000,000; Penn. RR. on Jan. 1 1906, owned $9,401,950.
holders in Nov. 1903 voted to increase the authorized stock from $12,000,000
Of the new stock, $5,731 ,125, raising the amount outstandto $20,000,000.
ing to $17,193,425 was subscribed for at $02 50 per $50 share In June 1904,
the proceeds being used to pay off $2,00.0.000 bonds maturing July 1 1904,
purchase $1,562,000 of the $2,000,000 outstanding Shamokln Valley &
Pottsvllle RR. 3H % bonds not already owned, and provide for Improvements and equipment. V 77, p. 1875- V. 78, p. 1907.
—
—
—
DIVS. 1888
Per cent.
"90
7
'89
8
7
EARNINGS.— 5
Jan.
1
to
May
'91
'92
'93
7
8
8
mos., 11906
J1905
31.
1894 to 1900
1901 to July 1906
7 yearly
8 yearly (J&J)
Gross, $4,434,692; net, $857,469
Gross,
457,369
4,062,392; net,
year ends Dec. 31
President's report for
V. 82, p. 448, 458. showled the following:
ANNUAL REPORT. — Fiscal
.
1905 given at length In
1904.
1905.
1903.
Year ending Dec. 31
462
448
450
Miles of road.
$10,531,962 $10,174,524 $10,234,459
Gross earnings
2,061,396
2,345,271
2,260,581
earnings
Net
843,049
1,157,418
875,130
Other receipts
450
$8,355,280
2,250,185
677,012
$3,218,814
$308,998
360,182
1,375,468
Dividends, 8%
261,071
Taxes and miscellaneous
827,721
Extraordinary
$3,135,711
$494,760
591,105
916,980
212,979
908,484
$2,927,197
$507,777
535,905
916,980
136,969
700,000
$11,405
$129,567
—
Total net income
Rentals, &c
Interest on debt
Balance
— (V.
$3,188,320
$120,180
494,512
1,140,224
206,721
920,681
None.
$25,374
surplus
1902.
80, p. 712, 868. 876; V. 81, p. 1376; V. 82, p. 448, 4S8.)
NORTHERN CONSOLIDATED HOL Dl NQ CO.— See Section for July "05.
NORTHERN RR. OF NEW JERSEY. — Owns from Bergen, N. J., to
Nyack, 5 m. Leased to the Erie
1899 for the term of Its corporate existence, for Interest
on bonds, 4% on $1,000,000 stock, payable quarterly, taxes, and all corOf the $1,000,000 new
porate expenses.
% gen. mtge. bonds, guaranteed by the Eric, $054,ooo are reserved to retire the 6s due July 1 1917, and
remainder for Improvements and betterments or equlpm't for operation
the
by electricity of the leased properties. See V. 69, p. 81. (V. 71, p. 30.)
Sparkill, N. Y., 21 m.: leases Sparklll to
KK. from June
1
I
NORTHERN
..
j
—
— Sec V. 223; p. 1067. and United
71,
V.
V.
014.
RY. COSTA RICA.
Co.; V. 75, p. 849; V. 78, p. 288;
80, p.
81, p.
NORTHERN OHIO RAILWAY.
Fruit
—
{See Map take Erie A Western.)
Leased In per165 miles; branches, 2 miles.
v. 62, p. 826.
petuity to L. E. & W., which guarantees the bonds,
STOCK. Common stock (all owned by L. 10. & \V .) $3,580,000; prestock, $650,000; par of each, $100.
ferred non-cumulatlvc 5
BONDS. The first mortgage Is for $1,000,000, of which $1,500,000 unissued are limited to $15,000 per mile of completed road hereafter conOperated as part of I.. I). VV W,
V. 66°, p. 337.
structed or purchased.
Owns Akron
to Dclphos,
—
—
().,
,
%
—
NORTHERN PACIFIC RAILWAY. (.See Maps.) Operates one of the
leading lines to the Paellle. having Its eastern ri mini at St. I'aul. Minn.,
and Duluth, Wis. (the head of Lake navigation), and running thence westerly, traversing the great wheat belt of Minnesota and North Dakota, the
mining district or Montana and he farming country ol Washington to
Tacoma and Seattle, and to Portland, Ore., with branches to Winnipeg,
&C. The system comprises:
Miles.
Miles.
ased to othert.
Main line.
TO oilier companies
Ashland, Wis., to Portland,
355
ne. duel. r> m. terminals) .2,171 To Province or Manitoba
\ol operated
51
Bralnerd and staples to St.
181
-Paul
due. 17 m. trackage) . .5,740
Total
112
Other lines.
t
I
/
1
r
<
'ontrolled properties.
2,764 Wash,
2,502 Minn.
Total main Hue
VarlOUS branches
tt
,S:
Col. River
liiieru.
(V 77, p. 451)
.
Other companies
1
1
Whom
& J Guaranty Trust Co, N Y
& O
& J International Tr Co Bal t
5g
6
5g
.let.,
Subsidiary lines,
Concord (c ciaremorit RR., 71 m.- Peterborough fc Hillsborough \i\i.. 111 m.
for 99 years from Jan.
1890 was assigned 60
ton A Lowell
K07. and now 6
payable In
Bo A Me., rental was 5 % on stock (III July
uill July 1K07
gold.
% extra was paid regularly from contingent 'unci.
Abo in 1894, Jan.. B % extra was paid; In 1890, July. 2 % extra; In 1897, 5 %
extra: In July 1904. Vi % extra.— (V. 05, p. 403 V. 78. p. 2385.)
Vt., 70
I
Where Payable, and by
Payable,
NORTHERN CENTRAL
RY. (Concluded).—
For 11 months ending May 31:
Gross.
000
000
000
200
100
000
000
000
000
500
000
000
000
000
000
000
000
000
000
000
000
000
000
000
150
000
000
000
618
000
000
400
400
000
12,700
4,800
14,000
64,469
22,991
7,283
2,000
5,000
5,000
40,400
11,000
19,980
600
3,000
When
Rate
$2,805,000
90 000
650,000
—
—
When Due.
pal,
Value.
Road. Bonds.
Bonds
or
,
(Concluded.) —
—
—
— PrinciStocks — Last
INTEREST OR DIVIDENDS.
Date
see notes
tables.
Vol. lxxxiii
142
44
trackage
Total, Inel. 17
eialed directly).
111.
M63
-
-
-
.5,320 Total system July
1
1005
6,090
Second Hack
114
The Manitoba branches, aggregating 854 m., were leased for D90 years
day :u 11101 to the Provincial Government and sub let by the latter to
•Sec
tliis
company.
July,
RAILWAY STOCKS AND BONDS.
1906. J
Miles
of
on
column headings,
first
page of
&c,
of
see notes
Dale
of
Par
Road. Bonds.
tables.
Amount
Value.
Outstanding
%
4y
2
—
—
marks per
p Berlin at 4.20
z 5,130 miles. In cludin
dollar,
g 40
m
lies
7
6g
6g
4g
3 g
4g
4g
4g
7g
HISTORY. — This
Wisconsin company on Sept. 1 1896 succeeded to the
railroads, land grant and other property of the Northern Pacific RR.,
foreclosed in July 1896, and reorganized per plan in V. 62, p. 550.
The original Northern Pacific Company was chartered by Congress July 6
1864; 450 miles to Bismarck were foreclosed in 1875.
—
STOCK. The $75,000,000 preferred stock was paid off at par on Jan. 1
V.
1902, the common being increased from $80,000,000 to $155,000,000.
73, p. 1062, 1160; V. 74, p. 41; V. 78, p. 1223.
The Un. Pac. system on June 30 '05 owned $24,295,100 stock, of which
$2,254,883 pledged under Ore. Short Line ref. mtge. V. 81, p. 1666.
DIVIDENDS.—
'00.
'01.
'02.
'03.
'04
4
'99.
2
'98.
4
5>A
7
6%
4 4(Q.-M.) 4
1
'05.
1906.
7 Incl.Aug, )>i
r
(final)
the new Prior Lien and General Lien mortgages
V. 63, p. 1012-1019, and the statement to New York Stock
Exchange was in V. 63, p. 1072, showing:
of 1896
were
in
Prior lien 4 %s purchasable with land sales at not exceeding
110 (but not subject to call) not over $500,000 cash yearly
Total issue
to be so applied
$130 ,000 ,000
103,939,500
Issned and outstanding
3,210,500
Issued, but purchased and canceled
Reserved to retire St. Paul & N. P. and West. RR. bonds
8,350,000
For new construction, betterments, equipment, &c, under
carefully guarded provisions, but not exceeding $1,500,000
Originally $25,000,000— still held
per annum.
14,500,000
,
•
.
Of the $190,000,000 general lien bonds, $130,000,000 are reserved to
retire the prior lien bonds at maturity.
Duluth Division mortgage secures $20,000,000 purchase
The St. Paul
money bonds on the former St. Paul & Duluth, of which $9,215,000 were
Issued to acquire the road, $5,283,000 are reserved to retire existing St. P.
& D. bonds and the balance for improvements to the property. V. 70, p.
The lands included in the grant of the former St. Paul
1250; V. 71 p. 1 167.
&
,
& Duluth
are estimated to be worth about $4,000,000, and were not covered by the old mtges. They are to be sold and proceeds applied to purthe bonds at not over 105 and interest, or if not purchasable at
chase of
that price, then to betterments, improvements or additions to the mortgaged premises or equipment therefor. To July 1905 $2,148,000 had
been thus purchased and canceled. V. 71, p. 1167; V. 72, p. 339.
—
LAND
GRANT. The land grant was 12,800 acres to the mile In the
States of Minnesota and Oregon and 25.600 acres per mile in the (then)
Intermediate territories. The acres on June 30 1905 not yet sold were:
Minnesota
82.847 Washington
2,471,621
North Dakota
6,380 Oregon
50,322
Montana
6,685,362
Idaho
598,212|
Total west of Mo. River. 9, 895, 223
Land sales In year 1904-05 aggregated 117,161 acres; net amount received from sales and land contracts, $1,649,917.
FINANCES.— In 1904 Nor. Pac. and Gt. Northern had acquired $107.611,600 of the $110,839,100 stock of Chic. Burl. & Qulncy RR. In exchange
for their joint 20-year 4
gold bonds secured by the deposit of the stock in
trust, on the basis of $200 in bonds for each $100 stock.
See circular,
V. 72, p. 871, 1034, 1135; application to list, V. 73. p. 294; V. 73, p. 610.
In May 1905 the Northern Pacific and Union Pacific arranged for the
joint construction of 125 miles of road into the Clearwater district, Idaho.
V. 80, p. 2220: V. 81, p. 1246.
EARNINGS. For 12 months ending June 30 1906, gross, $62,140,410,
against $51,729,362 In 1904-05.
REPORT. Report for 1904-05 at length In V. 81, p. 1237 1245.
Yrs. end. June 30. 1904-05.
1903-04.
1902-03.
1901-02.
Aver, miles operat.
5.111!)
5,315
5,262
5,111
Passenger earnings. $11,335,852 $11,105,753
$9,177,509
$10.,595,447
Freight earnings... 36,861,132
32,998,921
33,301,958 30.227.013
Mail, express, &c.
2,525,902
2,419,900
2,244,700
1.982,858
%
—
—
Gross earnings ..$50,722,886
$23,914,127
$1,601,000
Rentals, &c
160,469
Add'ns and lmp'ts. 3,000,000
$4 0,524,574
Net oper. income$19,152,658
$17,668,887
1,483,354
Net earnings
Taxes
Misc. ,excl. land sales
1,921,567
$22,290,031
$1,462,775
158,369
3.000,000
$46,142,105 $41,387,380
$22,110,012 5 I'D. 198,966
$1,421,434 $1,149,890
1.VI, 543
120,742
3,000,000
3.000,000
1
$17,538,035 $15,828,333
843,765
,11 2, .".51
1
Bal. for Interest. $21 ,074,225
Interest
$6,947,983
$19,152,241
$18,050,586 $10,672,098
$6,922,930
$6,904,696 (6,624,806
Dlv. on pref. stock.
(2)1,500,
Dlv. on com. Stk.(7)10,850,000 (7)10,849,989 (6^)10,074,944 (5)6,999,946
Bal.. sur. for year $3,276,241
DIRECTORS.— John
John Sloane,
J.
Charles Steele,
$1,379,322
$1,670,946
$1,547,286
Kennedy, D. Willis James, George F. Baker,
Plerpont Morgan Jr., Lewis Cass Ledyard, Howard Elliott,
George W. Perkins, William P. Clough, James N. Hill,
S.
280,000
1,000,000
2,000,000
210,000
500.000
1,000,000
104,349
3,628,000
A & O
Treasurer's Office, Bait
April
do
do
& J
Q— 11 Broaday, N Y
do
& J
do
J
do
& J
do
J
A & O Chase National Bank.NY
Q— New York
M3&N4 J P Morgan & Co. N Y
do
do
F & A
Q—
Q—
Q—
J
J
M
Q—
&
&
A &
J
&
M &
&
J
&
F
5
5
6
5
4g
4^
do
do
J
P Morgan, N
N New
A
O
J
J
D
M
A
M
Amos Tuck
OFFICERS.
New
1
Aug 106 \%
May 1 1907
1997
2047
1996
1921
1921
1907
1
1
1
July
July
1
1
Co,
N Y Aug
do
do
do
do
1923
1923
1
Dec
1
1931
1917
1914
1916
1968
1
Oct
1
Jan
1
Sept
1
June
%
1
To 1909
J Wlnslow,Lanier&Co,N
Y Jan
—
1933
1
Jan 10 1906
May
5%
1923
1949
July 2 1906 2
Mar 1 1927
April 1 1932
1955
y June 30 1905.
Apr
1
1
%
French, Alexander Smith Cochran, Payne Whitney and Grant
B. Schley.
Hill;
Feb
Feb
1
Jan
do
do
do
do
1917
2000
1945
1
1
Jan
York
S
July
Jan
Oct
do
do
do
do
P Morgan &
1925
1
Jan 1 1920
June 1906 1 %
& Berp Jan
Y;
do
do
do
do
& D
& J
When Due.
Dividend.
3,954 000 See text, See text. Checks mailed
& N Farmers' L & Tr Co, N Y
794,000
5 g
285,000
4
& O Safe Dep & Tr Co, Bait
Q J Mech Nat Bk, Worcester
3,000,000
8
1,200,000
4
& S Company's Office, Boston
100,000
5g A & O City Nat Bk, Watert.N Y
& D 30
5g J
(?)
~0~0~0
* $36 1
addT in treasur
not o perated; sp urs, 261 miles.
the^Canadian Northern Ry. at a rental of $210,000 annually for the first 10
years, then $225,000 for 10 years, then $275,000 for 10 years and thereafter
$300,000, with the option of purchase at any time for $7,000,000. V. 73, p.
610.
In Jan. '02 purchased branch from Minneapolis to White Bear Lake,
Minn., 15 m., formerly leased, assuming $280,000 bonds. V. 74, p. 94.
On July 1 1900 the St. Paul & Duluth RR., St. Paul to Duluth, &c, 238
m., was merged. Its bonded debt being assumed. V. 70, p. 1250; V. 71,
On June 30 1905 93 m. of branches and extensions were under
p. 648.
V. 81, p. 1246. Portland
construction, of which 62 opened Jan. 1905.
Seattle Ry., proposed joint line with Great Northern, extending from
&
Kennewick to Vancouver, Wash., 228 miles, see V. 81, p. 1101.
On common
p. c.
On pref. (retired) p. c. 5
BONDS. — Abstracts of
g
g
In 1905
5
M
Whom.
J
6
—
W
g
4
4H
Where Payable, and by
Payable.
5
—
registered
do
1901 1,000 &c
B Lake g assumed. FP*
15 1877
1st M Minn & Dul Minn to
1,000
Bonds Underlying St Paul & Duluth Div Mortgage
c*
167 1881
Paul & Duluth first mortgage assumed
St
1,000
Ce.c*
Second mortgage assumed
167 1887
1,000
Ce.c*
Taylor's F & L Sup 1st M s f not drawn
21 1884
1,000
Duluth S L 1st M p & 1 sink fd not drawn. .Ce.c*
25 1886
1,000
gold_.Mp.c*
Consolidated M assumed $5,000,000
238 1898
1,000
'98-'99
Car trusts including Interest July 1905
F.c*
Northern Pac Terra Co 1st M gold red at 110
1883
1,000
Northern Railway (Cal)
See Southern Pacific RR.
Northern Securities Stock $3,954,000
...
100
F.c*
Northwestern Coal Ry 1st M guar (end) gold
1893
1 000
Northwestern RR of So Car First M $375,000
65 1899
1,000
Norwich & Worcester Preferred stock 8% rental
72
100
c&r
Bonds (not M) int guar under lease currency
1897
1,000
Norwood & St L— 1st M $300,000 g red 110 in 10 yrsTa
500 &c
714 1902
Nova Scotia] Eastern First mortgage gold red (text) Text. 1905
£100
When
Rate
—
——
——
— —
Bonds
pal.
Size, or
Northern Central (Concluded)
144 1885
Consolidated general mortgage of 1874 gold Ser E..c
$1,000 $1,757,000
144 '76-'82
Second gen M Series "A" & "B" (A $2,565,000). FP
3,565 000
1,000
Northern of New Jersey Stock guar (see V 69, p 81)
100
1,000,000
"21 1887
c
Third mortgage (now first) interest guaranteed
654,000
100 &c
Usm.c*
1900
Gen M $1,000,000 gold Int guar by lease
154,000
1,000
167 1895
Northern Ohio— 1st Mg ($15,000 p m) gu p & i-.Ce.c*
2,500,000
1,000
Northern Pacific Ry— Stock $155.000,000
100 155.000,000
328,000
Western RR Minn first mortgage gold assumed..
1,000
60H 1877
grant assumed __Ce.c*&r
182 1883
1,000
8,021,000
St Paul & N P gen M land
registered
182 1883
do
do
1,000
New mortgages of Northern Pacific Ry
Prior lien M $130,000,000 gold land gr..Me.c*&r See z
1896
500 &c 103,939,500
General lien M $190,000,000 gold land gr_.F.c*&r See z
1896
500 &c 60,000,000
Dlv pur money M $20,000,000. G.c*
226 1900
St Paul-Duluth
1,000 •7,732,000
(red aft Jan '06 at 105) ..S.c&r
1901 1,000 &c 1215223 000
C B & Q coll tr
g
do
— PrinciStocks — Last
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
109
—
Pres., Howard Elliott, St. Paul, Minn.; V.-P., James N.
Sec, George H. Earl, New York; Treas., C. A. Clark. St. Paul.
York office, 49 Wall St.— (V. 81, p. 1245, 1666; V. 83, p. 156.)
NORTHERN PACIFIC TERMINAL COMPANY, OF OREGON.— Owns
terminals on the Willamette River, Ore., at Portland, East Portland and
Alblna, comprising lands 270 acres, trackage 32 miles, dock frontage 7,904
V. 69. p. 230, 441.
feet.
Station at Portland, Ore., opened 1896.
LEASE. Leased for 50 years from Jan. 1 1883 jointly and severally to
—
Northern Pacific, Oregon Ry. & Navigation and Oregon & California, with
guaranteed rental to pay interest, sinking fund and taxes: leases assumed
V. 69, p. 230.
In 1899 by new Nor. Pac. and Oregon RR. & Nav.
STOCK. Stock ($3,000,000) owned by said three companies (40%) by
Oregon Ry. & Nav. Co., 40% by Nor. Pac. and 20% by Oregon & Cal.
RR.), and held by Central Trust Co. of New York, to be delivered after
payments to the sinking fund, which is to cancel the bonds.
BONDS. The first mortgage is for $5,000,000; in 1905 $4,225,000 had
been issued, of which $597,000 retired by sinking fund— drawings at 110
and interest. V. 78, p. 288; V. 80, p. 223; V. 82, p. 162.
—
—
NORTHERN SECURITIES CO.— In 1904 the U. S. Supreme Court declared the company to be a combination in violation of the Anti-Trust Act,
and therefore illegal. V. 76, p. 811, 919, 1249; V. 78, p. 1168. In April
1905 the pro rata plan of liquidation given below was sustained by the
U. S. Supreme Court, and the company's holdings of Great Northern and
Northern Pacific stocks were being distributed.
The stockholders voted on April 21 1904 to reduce the stock from $395,400,000 to $3,954,000, the par value of shares to remain $100. In return
for each 100 shares of Northern Securities stock owned the holders to receive
99 times $39 27 stock of the Northern Pacific, or $3,887 73, and 99 times
(Jino)
$30 17 stock of the Great Northern, or $2,986 83, and a stub for 1
of the original Nor. Sec. stock owned, the latter representing the remaining
V. 78, p. 1223,
assets In the treasury, pending completion of dissolution.
1275, 1392.
Report from Nov. 13 1901 to Dec. 31 1905 was In V. 82, p. 101.
DIVIDENDS.— Dividends 1902, 4%; 1903. 4H %; 1904, Feb.,
On stock as reduced, 5
paid Jan. 10 1906. V. 82, p. 101.
OFFICERS. Pres., James J. Hill; .Sec. and Treas., E. T. Nichols; Gen(V. 80,
eral Counsel, W. P. Clough.
Office, 32 Liberty St., New York.
p. 1913, 2220; V. 81, p. 212, 1551, 1666; V. 82, p. 101.)
%
W»%.
%
—
—
NORTHWESTERN COAL RY.— Allouez Bay, Wisconsin, to Allouez Jet..
V. 71,
Wis., 2.53 miles, with coal wharf covering about 80 acres of land.
Owned by the Pittsburgh Coal Co., which guarantees the bonds.
p. 698.
See official statement, V. 71, p. 698. Capital stock, $1,000,000. For year
ending June 30 1905, gross, $15,901; def. under oper., $1,146; Int. and taxes,
$11,950; bal., def. for year, $13, 096.
(V. 71, p. 698.)
—
NORTHWEST.— See Chicago & Northwestern.
NORTHWESTERN RR. OF SOUTH CAROLI N A.— Wilson Mill,
S.
C,
via
Sumter to Camden, 62.5
miles; branch, Millard to St. Paul, 3.5 m.; trackDividend, 6%, paid yearly
age, 5 m.; total, 71 miles.
Stock. $100,000.
Dec. 1900 to 1902; 1903 to 1905, 4%.
Year ending June 30 1905, gross,
$97,858; net, $35,221; Int., $15,000; dividends, $4,000; bal., sur., $16,221.
NORWICH & WORCESTER
RR.
— Owns from Norwich, Conn., to Wor-
cester, Mass., 59 miles: branch, Norwich to Groton, 13 m.; total, 72 miles.
Leased to New England RR. for 99 years from Feb. 1 1869, and accepted by
N. Y. N. H. & H. RR. since July 1 1898: rental Is 8
on preferred stock.
V. 69, p. 1194; V. 70, p. 76, 125.)
%
NORWOOD &
ST.
LAWRENCE RR.— Norwood to Raymondvllle,
opened Oct. 1901.
Stock. $100,000;
are subject to call at 110 after April 1 1912.
gross, $45,817: net, $24,048; Int. and taxes,
Pres., Chas. H. Remington; Manager, F. A.
Treas., Warren F. Howe, Watertown, N. Y.
7'.;
miles:
par of shares, $100.
N. Y..
Bonds
Year ending June 30 1905,
$5,435; bal., sur., $18,613.
Sherman. Norfolk, N. Y.
— (V. 74, p. 1090.)
NOVA SCOTIA EASTERN RY.— V. 81, p. 727.
OGDEN MINE RR. — Owns Nolan's Point (Lake Hopatcong) to'Sparta
(or Ogden Mine), N. J., 10 miles.
Leased for 999 years from Jan. 1 1882,
to Central RR. of N.
for 5 % per annum on capital stock and $500 yearly
.1
.
for organization expenses.
OGDENSBURG & LAKE CHAMPLAIN
RY.
— See Rutland' RR.
OHIO CONNECTING RR. — Owns
bridge over Ohio River near 1
burgh, Pa., and approaches, 6.12 miles. Leased from Oct. 20 1890 for no
definite time to Pitts. Clncln. Chic. & St. Louis By.; rental, net earnings
Stock Increased In Dec. 1902 from $1,000,000 to $2,000,000 |n $50 sha
Bonds are guaranteed as to principal and Interest i>\ endoi ement bj Penn
sylvanla Company, which on Jan. 1 1906 owned the entire stock.
Form of
guaranty, V. 81, p. 669.
For calendar year 1905, gross. $299,358:
$209,435: other Income, $14,105; charges, $80,240; dividends (5%), $100,
000; bal., sur., $43, 300.
V. 82. p. 281, 752.
—
OHIO & KENTUCKY RY.— Owns from Lex. & East. Ry. at Jacl
Ky., to cannel coal fields In Morgan County, Ky., 20 miles. Operated by
Lex. & East. Ry., but Independent operation resumed In July 1904. Common stock. Sl'oo.ooo; preferred stock, $100,000: bonds as above, $250,000;
Junior securities to be taken by stockholders, $175,000.
Bonds are guaranteed by Kentucky Block Cannel Coal Co.
Near ending June 30 inoj.net
earnings, $46,099.
Pres., \Y. de L. Walbrldge, 1 Broadway, New York.
OHIO & LITTLE
80 miles.
KANAWHA
V. 69, p. 907.
Bait.
RY.
O..
— Zanesvllle, underto
has pledged
& Ohio
Marietta,
Its Pitts.
&.C.,
L. E.
&
West Ya. mtge. $585,000 com. and $824,000 pref. stock. V. 73. p. 1264.
Stock Is, com., $918,000; pref., $1,167,500. Year 1904-05, gross, $255,717;
net, $48,107.— (V. 73, p. 1264.)
RAILWAY STOCKS AND BONDS.
110
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
of
on
column headings, &c,
page of
first
———
see notes
of
9
26
80
172
209
33
—
Ohio River First mortgage ($2,000,000) gold__FP.e'
General M ($3,000,000) gold first on 39 miles. _FP.c*
Rav Sp & Glen 1st M $400,000 g gu p & 1..FP.C*
Ripley <8c Mill Creek
Ohio River & Western
1st
1st
M ($400,000) gold guar, c'
M g gu p & (end)_FP.c*&r
11
13
111
1
—M $10,000,000 redeem (text).
First mortgage $600,000 g-.F
Oklahoma Central —
Old Colony — Stock 7
guaranteed by rental
c*
1st
%
r
Bonds not mortgage
Bonds not mortgage (authorized $3,000,000) g c*&r
c&r
Bonds not mortgage
NB.c
Boston Clinton F & N B mortgage
c&r
Bonds not mortgage
Omaha
Bridge
Opelousas Gulf
—
—
125
& Terminal Ry 1st M ($5,000,000)
& Nor 1st M $5,000,000 (see text) Me.
1st M gold drawn at 100 gu p & l.Un.c*
—
Oregon & Cal
Oregon RR & Navigation
%
21
_ _
670
— Common stock
non-cumulative
Consol mortgage (now first) $24,500,000 gold.-N.c*
Preferred stock 4
—
Oregon Short Line RR First M (Ry Co) gold
c*
Utah & Northern first mortgage ($12,000 p m)..c*
Cons M guar $15,000 p m s f not drawn gold. AB.c*
Cons 1st M $36,500,000 gold (1st M on 400 m) _.O.c*
Ref M $100,000,000 g gu p & red (text) ..Eq.c'&r
OB
Income bonds Series A 5 % non-cumulative
Mo
Series B non-cumulative
do
Oregon & So E 1st M $300,000 gold red 110 s f_.Ta
1,063
600
477
477
1,479
1
— — Stock guaranteed D L & W.
%
Consolidated mortgage (guaranteed by D L & W)
F
Construction mortgage guaranteed
,000
Overton County — First mortgage $250,000 gold
Owensboro & Nashville— First mortgage gold- -Ce.c*
Oswego & Syracuse
Amount
Value.
Outstanding
10
1
Huntington & Big S
Par
35
35
35
9
.
,000)
(for $ 1
88
1903
1896
1900
1886
1887
1890
1892
1888
1903
1905
1888
1894
1895
1880
1902
1893
1906
1887
1876
1883
1905
1881
.i
.!
—
—
CENTRAL RR. Under construction from Lehigh, I. T.,
to Chlckasha, 132 miles, to be completed In 1906. Stock authorized, $10,000,000 (par of shares, $100), of which $2,640,000 to be Issued on 132 m.;
to be held until 1910 in voting trust composed of directors.
Of the bonds,
$20,000 per m. under construction have been sold. Bonds are subject to
call at par until Dec. 1 1906, thereafter at 105; the Western Trust & Savings
Bank of Chicago is mtge. trustee. See statement, V. 82, p. 752. Pres.,
Dorset Carter, Lehigh, I. T.; Sec. and Treas., W. G. Walling. (V.82,p.752.)
—
— Ownsleases frommiles. to Provlncetown,
road
Boston
515 miles;
101
<MASS.)
Mass., Newport, R. I., <Scc,
LEASE. In 1893 leased to New York New Haven & Hartford for 99
About $6,000,000 of the stock. Included In table above, Is held by
years.
the lessee. The lease provides for dividends of 7 % per annum on stock not
exchanged. V. 56, p. 247, 374. Stock authorized, $20,000,000. On June
22 1904 $462,500 stock was sold to retire $750,000 bonds maturing July 1
1904 and $175,000 floating debt. V. 78, p. 1962, 2335, 2443. On May 2
1906 $500,000 additional stock was sold to acquire Nantasket Beach RR.
and for Improvements, raising amount Issued to $18,371,400. V, 82, p.
(V. 81. p. 1849; V. 82, p. 693, 870, 1041.)
870, 1041.
OPELOUSAS GULF & NORTHERN RR. Projected from Opelousas,
La., northeasterly to a point at or near the Mississippi River, and southwesterly from Opelousas to the Gulf of Mexico.
Of the last-mentioned line
60 miles from Opelousas to Crowley are under construction. Stock authorBonds authorized, $20,000 per
ized, $2,000,000; par of shares, $100.
mile.
V. 82, p. 98.
Pres., Thomas H. Lewis; Sec, George Edwards.
Office, Opelousas, La.
(V. 82, p. 987.)
ORANOE & NORTHWESTERN RR.— Newton to Orange, Tex., 61 miles.
In Oct. 1905 under construction from Buna to Newton, 31 m. Stock
authorized, $400,000: outstanding, $35,000. Acquired by the St. Louis &
San Francisco RR. V. 82, p. 510, 870. In April 1902 the Railroad Commissioners of Texas approved the Issue of $23,000 bonds per mile on 30
mllps.
Bonds outstanding Dec. 1904 $420,000 1st 5« due Sept. 15 1933.
For year ending June 30 1905, gross, $60,237; net, $8.237. (V. 82, p. 510.)
OREGON & CALIFORNIA RR.— (See Map Southern Pac.) Portland,
Ore., to California State line, 367 m.; Albany Jet. to Lebanon, 12 m.; Portland to Corvallls, 97 m.; Woodburn to Natron, 93 m.; Portland, Ore., to
Alrlee, Ore., and branch, 85 m.; Mohawk Jet. toWendllng, 16 m.; trackage,
Total, 672 miles.
2 miles.
LEASE, &c. Leased to Southern Pacific Co. for 34 years from August 1
1893, the lessee guaranteeing Int. on the bonds and the lessor receiving any
net profit and being charged with any deficit after payment of charges. Betterments are payable by lessor. Southern Pacific owns all but $75,000 of
the $19,000,000 stock, $12,000,000 of which Is 7 % pref. V. 72, p. 287.
Due Southern Pacific June 30 1905, $6,794,812.
BONDS. Land grant acreage unsold June 30 1905, $2,339,678, part
being covered by he mortgage, proceeds of land sales going to redeem bonds
Tlie Southern Pacific guaranty of principal and
(subject to call at par).
Interest Is printed cm each of the 5 per cents.
In 1904-05 net land saics
to mortgage were $107,037.
Sec V. 63, p. 754.
BUbjed
EARNINGS. Year ending June 80 1905, gross, $4,390,401; net. $391,(V. 79, p. 2457; V. 80, p. 2220.)
536; Int., taxes, &c, $1,322,436.
OREOON RAILROAD & N A VIG ATION.— (Sre Map Union Pac.) East
Portland. Ore., to Huntington, Ore., 403 m.; Umatilla, Ore., to Spokane,
h., 227 in.: branches owned, 445; leases Snake River Valley RR., Wallula to Grange City, Wash., 60 m.; other, 2 m.; total, 1,143 miles, of which
13 narrow-gauge: river division water lines, 258 miles. Ocean line to San
FranclflCO, 880 miles. In July 1905 a branch from Arlington to Condon. Ore.,
46 miles, was Opened. In Nov. 1905 an extension from St. Johns, Ore, to
at or near Troutdale was proposed. Snake River UK. Is building from Hlparla. Wash., to Lewlston, Ida., 72 miles. Branch from Elgin, Ore., to
Joseph, 68 miles, is under construction.
ORGANIZATION.— Organized In July 18»o. per plan in v. 61, p. 325
and V. 62, p. 41. Controlled by Union Pacific Ry., direct v and through Oregon Short Line. Owns $700,000 1st 6s (entire Issue) of Columbia Southern
Ry.. Biggs, Ore., to Shanlko, 71 miles. V. 73, p. 1863.
STOCK. In July 1905 all except $20,210 com. and $10,234 pref. slock
was owned by Un. Pac. system, being mostly deposited undei Ore. Short
V. 70. p. 177; V. 80. p. 1913.
Line refunding 4s of 1004.
DIVIDENDS.— On preferred: 1897, 2";,: 1898 to July 1906, both IncluOn common paid 1 % July 2 1898,
sive, 4% yearly.
BONDS. Consol. 4s (abstract V. 63, p." 928) , cover all property. Of the
$24,500,000 aui horized the bonds unissued are mo
yed for the construction of additional road at he rate 01 not more han $20,000 per mile of
v. 74, p. 20c.
constructed road.
REPORT.- Report for 1899 1900 n V 71, p, 960: none since.— (V. 72
—
—
—
—
—
I
—
—
I
—
—
,
t
t
|
p. 45, 181; v. 7). p. 881; V. 78, p. 290; V. 80, p. 1918.)
%
%
1896
1882
1878
1886
1897
1904
1897
1897
1902
Bellaire, O., to Mill Run, O.,
Ill miles; made standard gauge in 1904; trackage to Zanesville, 1 m. Also
owns majority stock of International Coal Co., holding 25,000 acres adjoining road. Successor Jan. 1 1903 to Bellaire Zanesville & Cincinnati RR.
In 1905 control reverted to the original owners, including S. L. & W. C.
Mooney of Woodsfield. O. V. 80. p. 163, 473, 600, 1913. Stock, com., $3,000,000; pref., 6% non-cum., $2,000,000; par, $100. V. 76, p. 48, 102.
LATEST EARNS.— 8 mos.. 11905-06, Gross, $155,824; net, $23,974
Gross,
24,249
July 1 to Feb. 28.
135,159; net,
) 1904-05,
(V. 79, p.
In year ending June 30 1905, gross, $200,060; net, $45,093.
2206; V. 80, p. 163, 473, 600, 1913.)
—
W
,i
—
—
Dividend.
USM
Q—
OHIO RIVER & WESTERN RY.— Owns
—
Whom.
.)
ending June 30 1902, gross, $1,559,152; net, $585,942;
Earnings since July 1 1902 are in$252,536; bal., sur., $333,406.
cluded in those of B. & O. (V. 72, p. 287; V. 73, p. 287.)
—
Where Payable, and by
%
.J
REPORT. — Year
OLD COLONY RR.
When
Payable.
Rate
When Due.
2^%
OHIO RIVER RR. — (SeeB. &0. Map.) — In July 1901 purchased by the
& Ohio RR., which has pledged $5,884,400 of the $5,915,430 capital
stock as part security for its own Pitts. L. E. & W. Va. 4s.
OKLAHOMA
pal,
$100
$450,000
5
July'1906
J & J 608 Chestnut St. Phlla
1.000
2,000,000
4g M & S Farmers' L & Tr Co, N Y Sept 1 1943
1,000
250,000
5g J & J 1 Broadway, New York July 1 1926
1,000
228,000
5g M & s Knickerbocker Tr Co.NY Mar 1 1950
1,000
2,000,000
5g
& D Central Trust Co, N Y June 1 1936
1,000
2.941,000
April 1 1937
5g A & o
do
do
1.000
376,000
F & A
6 g
do
Aug 1 1920
do
1,000
303,000
NewYork or Philadelphia July 1 1922
6g J &
1,000
50,000
6g F & A E
Clark & Co, Phila Aug 1 1908
1,000
600,000
M & H No Interest ever paid.
4 g
|Sept 1 1953
1,000 See text.
&TCo,NY; & Chi Dec
1945
5g J & T)
100 18,371,400
7
July 1 '06 1 %
Office, Boston
1,000
4,000,000
4
J
<V,
do
Jan 1 1938
.T
1,000 &c
3,000,000
4 g
F A- A
do
Feb 1 1924
1,000 &c
5,598,000
4
.r
Dec 1 1925
& 1)
do
1,000
1,912,000
5
.1 New
Eng Trust Co. Bost Jan 1 1910
j
&
1,000,000
& .1 Treasurer's Office, Boston July 1 1932
3H
1,000
1.563,000
5
j
& J Prov L & Tr Co, Phila Feb 1 1943
1,000
See text
5g m & S Mercantile Trust Co, N Y Mar 1 1956
1,000 18,235,000
5g j & .1 South Pacific Co, N Y July 1 1927
100 24,000,000
Office, 120 B'way, N Y July 2 1898 1
100 11,000,000 4 In 1906 J
& J
do
do
July 2 1906 2%
1.000 21,479,000
4g
& 1) New York & Germany June 1 1946
1,000 14,931,000
6g F & A 120 Broadway, N Y
Feb 1 1922
1,000
4,993,000
7
J
& J
do
do
July 1 1908
1,802,000
1,000
do
do
July 1 1926
5g j & J
500 &c 12,328,000
5 g
do
j
& J
do
July 1 1946
See text.
1,000 &c
do
do
4g J & I)
Dec 1 1929
500 &c
7,185,000 5 % in Se pt K
do
do
July 1 1946
500 &c 14,841,000j4 in 1905
Oct
do
do
July 1 1946
300,000
500 &c
5g A & O Trust Co. of Amer, N Y April 1 1922
50
1,320,400
9
F & A 20 Del Lack & West RR.NY Aug 20 1906
438,000
1,000
M & s
7
do
do
Mar 1 1907
668,000
1,000
5
M & N
do
do
May 1923
1,000 See text.
5 g
Colonial Tr & S Bk, Chic 1945
J
&
1,200.000
1,000
6g M & N 71 Broadway, New York Nov 1 1931
Bait.
Int.,
—PrinciStocks — Last
Bonds
Size, or
Road. Bonds.
tables.
Ogden Mine RR Stock (5 % rental Central of N J)
Ohio Conn Ry 1st M $2,000,000 g gu p & (text) F.c*
Ohio & Kentucky 1st M gold sink fd call at 1 10.Ce c*
K
Ohio & Little Kanawha Ry 1st M gold red 105
—
Date
of
Miles
[fVOL. LXXXIII.
OREGON SHORT LINE RR.— (See Map Un. Pac.)— Granger, Wyo., to
Huntington, Ore., 542 miles; branch to Ketchum, Ida., 70 m.; Ogden to McCammon, Ida., Ill m. Pocatello to Sliver Bow, Mont., 256 m.; Cache Jet.,
Ida., to Preston, Utah, 42 m.; Ogden, Utah, to Sandy, 50 m.; sundry
branches, &c, 186 m.; Butte to Garrison, Mont., 57 m., owned, but oper.
by Nor. Pac; trackage. 11 m.; total. June 30 1905. 1,325 miles.
On July 7 1903 the portion of the main line from Salt Lake City. Utah, te
Callentes, Nev., 340 m., with some branch mileage and additional completed
road south of Callentes, 512 m. In all, was taken over under purchase by San
Pedro Los Angeles & Salt Lake Ry., the Ore. Short Line acquiring a half Interest In the San Pedro L. A. & S. L. V. 79. p. 1705.
V. 76, p. 919, 1356;
V. 77, p. 38. Branch from Minidoka to Twin Falls, Ida., 60 m., was opened
July 29 1905; also branch under construction from Garland, Utah, to Malad
City, Ida., 32 m. Contract for branch from St. Anthony, Ida., to Yellowstone Park, 75 miles, was let in Oct. 1905.
HISTORY. Successor March 16 1897 of the Oregon Short Line & Utah
Northern Ry. foreclosed per plan In V. 62, p. 504. 505. Controlled by Un.
Pac, which holds nearly the entire capital stock and the greater part of the
Income A and B bonds. V. 75, p. 1032.
CAPITAL STOCK.— Authorized, $27,460,100, o' which Union Pacific
RR. Co. hasscqulred $27,450,100. V. 68, p. 188, 381, 474.
BONDS. Of the $36,500,000 first consols, $22,029,000 are reserved to
retire at maturity the loans not disturbed.
Series A Incomee, non-cumulative 5 per cents, have received: Tn Sept.
1897, 4%; Sept. yearly since, the full 5%, at Guaranty Trust Co., New
York, or Old Colony Trust, Boston. V. 69, p. 492.
Oregon RR. & Navigation stock, viz.. $16,281,400 common and $976,900
preferred Is owned and pledged as special security for the iSeries B incomes,
but dividends thereon are to go to the Short Line company except as needed
In Oct. 1898 3 % and In Oct. 1899 to
to pay to Series B their full Interest.
1905, inclusive, 4 % yearly was paid on the Series B Incomes. V. 65, p. 572:
1141.
V. 66, p.
—
—
The Union Pac'flc owns $6,751,000 of the $7,185,000 Income
and $14,788,000 of the $14,841,000 "B" bonds. V. 70, p. 176.
'•A'-
bonas
The ref. gold guar. 4s (collat. trust) of 1904 (authorized issue, $100,000,000) are suDject to call at 102 % on and after Dec.l 1907. The bonds were secured by pledge of the following stocks: $5,000,000 Northern Securlt es;
$18,000,000 pref. and $90,000,000 com. Sou. Pac. and $10,000,000 pref. and
$20,000,000 com. Ore. RR. & Nav. The collateral may be replaced by other
Of the bonds, $45,000,000 has been sold, the remaining
of equal value.
$55,000,000 being held In Union Pacific treasury. See abstract of mortgage, V. 80, p. 2403. V. 79, p. 2086; V. 80, p. 1913.
The 4
& participating gold bonds were called for payment Feb. 1 1905
Financial Office. 120 B'way, N. Y. City.— (V. 80. p. 2399: V. 81. p. 31.)
%
OREOON & SOUTHEASTERN
RR.
— To
extend from Cottage Grove
Ore., to the Bohemia Mining District, 36 miles, of which Cottage Grove to
Wlldwood, 18 m., completed In Oct. 1904; branches, 4 m.; total, 22 m. Extension from Wlldwood to Bonlta, 8 m., will be completed In summer of
cum., $500,000; out1906.
Stock authorized, com., $500,000: pref.,
standing, $400,000 of each; par of shares, $100. Pref. Is subject to call.
Bonds, see table. Pres. .G.B.Hengen, 15 William St., N.Y,— (V.75,p. 135.)
& SYRACUSE RR. Owns from Oswego, N. Y.. to Syracuse,
N. Y., 35 miles. Leased In 1869 during length of charter and renewal thereof
per year on $1,to the Delaware Lackawanna & Western RR. Co. for 9
320 ,400 stock and Interest on bonds.
OVERTON COUNTY RR. Owns Algood, Tenn., on Tenn. Cent. RR., to
Livingston, 20 miles, completed Men. 1906. To be extended easterly In 1906
to Junction City, Ky., on the Cln. New Orl. & Tex. Pac. Stock authorized
$250,000. Bonds, see table above: trustee, Colonial Trust & Savings Bank
Chicago. V. 81, p. 727. Pres.. H. E. Overstreet; Treas., E. C. Knight. Livingston. Tenn.— (V. 81, p. 727; V. 82, p. 569.)
& NASHVILLE RY. Owns from Owensboro. Ky., to
Adalrvllle, Ky., 84 miles: Mud River Branch, 4 m. Operated by Loulsv. &
Nashv. RR.. which owns the $1,156,525 stock (par, $100) and the $1,200,all these bonds and most of the stock being pledged under
lst mtge. bonds
Its trust deeds.
& CHEROKEE CENTRAL RY.— (See Maps Rock Island Co.)
Owns Fayettevllle, Ark., to Okmulgee, I. T., 144 miles, Including
steel bridge over Arkansas River.
Stock, $9,000,000, of which $2,880,000 Is Issued and owned by the St.
Louis & San Francisco, which operates the road as part of Its Central division
and guarantees bonds, principal and Interest. The $120,000 unissued
bonds are reserved to retire the $100,000 Muskogee City Bridge bonds. See
V. 76, p. 865. 919: V. 78, p. 703. 2335.— (V. 80 D. 14'M.)
7%
—
OSWEGO
%
—
—
OWENSBORO
—
—
OZARK
PAN AMERICAN RR. (MEXICO-GUATEMALA) .— Projected from San
Geronlmo, Mex., on the National Tehuantepec H\l., southeasterly to the
Guatemala border, about 300 miles, with connections to the City of Guatemala, of which 200 miles completed In Mch. 1906; balance to be In about 18
Mexican Gov't subsidy about $lo.ooo irold per mile. .Stock aumonths.
thorized, $10,000,000; outstanding. Apr. 1908 $1,084,600. Bonds authorized, $12,000 per mile of main track, but limited by supplemental mtge. to
$8,000 per mile until the net earnings are double the Interest charge on the
In Mch. 1906 |1, 000,000 bonds were olfered.
entire authorized amount.
(V. 82. p. 569, 693.)
PreS., 1). P. Doak, San Francisco, Cal.
—See page 179.
PANAMA RR
PATERSON & HUDSON RIVER. Owns from Marlon, Jersey City. N
J (south of Bergen Jet.), to I'atcrson. N. J., 14 miles, double trade Leased
—
—
perpetuity at $18,400 per year for road, $5,000 for land In Jersey City
to Brie RR.. forming part of main line.
PATERSON & RAMAPO RR.— Owns from I'aterson. N. J., to New York
State Line, 14 miles, double track, part of main line of Erie RR.. to which
leased Sept. 1852 during legal existence, at 126,500,
PECOS VALLEY & NORTHEASTERN RY.— (.See Mttf) Alch. Top. <fe
Santa /•>.)— Owns from I'eeos City. Tex., to Amarlllo, Tex., 370 miles. In
Dec. 1900 the Atch. Top. & Santa Fc acquired over 97 % of the $2,016,000
In
and taxes,
July,
RAILWAY STOCKS AND BONDS
1906.]
Miles
on
of column headings,
first page of tables.
&c,
Musk Cy Bridge
Date
of
see notes
of
1st
1
1st
(text)
50
50
50
s f
General mortgage bonds $1,000 and £200 each._c&r
r
mort of] Gold registered bonds
c
1873 secures [Gold coupon bonds
c~
Gold coupon s f 1 % not drawn..
all equally.
J Sterling (s f In 1900) not drawn.c* &r
r
Bonds (P
& B stock as collateral)
c*
Collateral trust loan gold not drawn
OP.c*
Gold bonds redeemable (text) convertible
Cons
W
do
do
Sunb Haz & Wllk
A drawn at
100
Penn rolling stock trust gold $300,000 paid eachA&O
Penn car trust gold $300,000 paid yearly
Penn car trust gold $700,000 paid yearly
Penn equipment trust gold $200,000 paid yearly
x
On coupon bonds J &
857
857
857
857
857
1867
1879
1879
1893
1895
1881
1883
1902
1905
1878
1878
1896
1879
1888
1882
1869
1869
1892
1877
1904
1889
J on registered bonds
43
43
56
A&O
5
138
4.62
262
262
262
131
1,000
1,000
1,000
£200
1,000
1,000
&c
&c
&c
&c
500
500
100
100
1,000
100 &c
1,000
1,000
$
'98-'99
1899
1900
1900
a In cludin
;
&£
100,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
$293,7
bonds (50-year gold 5s of 1948) and 97 % of the common and preferred stocks
($3,162,000 each) but the road will be operated Independently for the present. V. 72, p. 88, 137; V. 73, p. 736.
REPORT. Year 1904-05, gross, $893,617; net, $344,568: other Income,
,
—
total deductions, $360,137.
$135,736;
— (V. 73,
& Mont,
for 6
—
N. H., to Lincoln, N. H..
% on stock; oper. by
Bost.
& M«».
PENNSYLVANIA RR. (See Map.) The system, as shown on the admap, extends from New York City westerly, via Philadelphia, to
Pittsburgh, Erie, Cleveland, Toledo, Chicago and Burlington on the north,
and to Washington, Cincinnati, Louisville and St. Louis on the South. The
total system on Jan. 1 1906 aggregated 11,011 miles, of which 3,764 miles
represents the mileage operated directly under the caption "the lines east
of Pittsburgh and Erie," and 2,867 miles the mileage operated directly under
the caption "the lines west of Pittsburgh and Erie," the latter being more
fully described under the title Pennsylvania Company and Pittsburgh Cincinnati Chicago & St. Louis.
The other lines are operated Independently.
joining
Eait of Pittsburgh and
Main Line and Branches
Phlla. to Columbia, Pa
Phlla.. Pa., to New Boston,
Miles.
Miles. Other lines (lncl. D.&R. Canal
439
66 m., and ferries, 2 m.)
. 81
Erie.
—
&C-.290
Pa
Harrlsburg, Pa. to Pitts. ,
Branches and spurs
.
248
Total in Penn.
569 Trackage
RR.
statistics 3,764
143
REPORTED SEPARATELY—
Phlla. Bait. & Washington
702
Northern Central Ry*
450
West Jer. & Seash. RR.*
331
Dlllersvllle to Harrlsb.,Pa..&c- 53 Cumberland Valley RR.*
163
Long Island*
United New Jer. RR.*, Trenton
392
146 Bait. Ches. & Atlantic Ry
to Jersey City, &c
88
Phlla. & Trenton RR.*
26
Allegheny Valley Ry.*
.262
Grand total east of P. & E...6.033
549
West of Pittsburgh & Erie.
West. New York & Penn.*
Total main line and branches
Lines oper. by lease or contract
—,188
1
Har.Ports.Mt.Joy&Lan.RR.*
Connecting Railway*
Lines operated under contract
Bald Eagle Valley RR.*
Cambria
&
Clearfield
—
RR.*
Southwest Pennsylvania Ry.*
Belvldere Delaware RR.*
Phila. & Long Branch RR
Delaware Riv. RR. & Bridge*
Phlla.
&
Erie
RR.*
37
REPORTED DIRECTLY—
Pitts. Cin. Chic. & St. Louis*.. 1,521
94 Pennsylvania Company lines* . . 1 ,340
392
131
Total reported directly
..2.861
81
REPORTED SEPARATELY—
49 Grand Rapids & Indiana lines*.. 575
10 Vandalla RR.*
928
307 Other lines (see Pa. Co. statem't).614
•See each company's statement.
Total system Jan.
1
1906
11,011
— The charter of the Pennsylvania RR.
The Pennsylvania Company controls
the
ORGANIZATION. LEASES,
Where Payable, and by
Whom.
& O
$2,880,000
5g
& J
100,000
5g
& J
See text.
5g
7,000,000 See text.
2,251,000
4H S A & O
& N
433,000
6g
630,000
8
& J
J
298,000
8
J
& J
F & A
541,500
6
& N31
305.945,500 6 In 1905
6
See x
19.997,820
3,498,000
5g
1,500,000
& S
5g
& N
2,741,000
4g
4,850,000
3H g J & J
4
& J
7,702,000
J
& D
9,900,000
*V2 e J
& N
20,211,500
ay g
2
99,675,000
3^ g J & D
al, 000,000
& N
5
& N
1,349,500
6
500,000
4 s
& J
J
75,000
5
& S
4 g
& D
4.000,000
J
212.000
|M & N
7
9,998,000
A & O
300,000
5
& J
J
7,250,000
4g !M & S
862,000
7
F & A
& N
6,000,000
4?
2,728,000
4g M & S
1,800,000
3H g
1,200,000
3H S
2,800,000
3H e
1,000,000
3^ g
00 bonds he Id alive 1 n sinking
Q—
M
M
M
M
M
M
M
Q—
Q—
Q—
Q—
&c.
was dated April 13 1846.
all
lines
west of Pittsburgh and Erie, the Pennsylvania RR. Co. holding all Its stock.
In 1900-01 the Penn. RR. purchased a large Interest In the stock of Bait. &
Ohio RR., Ches. & Ohio Ry. and Norfolk & Western Ry. V. 70, p. 76, 231,
687: V. 72. p. 481, 581; V. 76, p. 484. In 1900 acaulred most of the stock
•nd Income bonds of the Western N. Y. & Penn. Ry. V. 72, p. 481.
.
—
'84. '85. '86. '87. '88. '89. '90. "91. '92.
%
5
5H
6
6
'93-99. 1900 to May '06
5 y'rly
yearly.
6%
—
STOCK. In 1901 the authorized capital stock was Increased by $100 000. 000 to $251,700,000.
The stockholders voted on March 10 1903 to authorize an Increase in the
stock from $251,700,000 to $400,000,000, to be made from time to time
In the discretion of the directors.
Of the stock, $20,98Q,350 was issued
April 1903 In exchange for convertible debentures.
(See below.)
In 1903
sold $75,094,750 new stock at $60 per $50 share.
V. 76, p. 383, 488, 594,
706, 1193; V. 77, p. 37, 770.
In 1905 $1 ,106,650 stock was being issued In
,
Oct
1913
1942
1934
1 1905 5%
1 1917
1 1910
July 1906 4 %
July 1906 4 %
Aug 1906 3%
May 31 1906 3%
July
1910
Sept
1919
Sept
1919
May
1943
July
1945
July
1921
June 1 1913
Nov 1 1912
Oct 1 1915
May 1 1928
May 1 1938
July 1 1936
Sept 1919
June 1 1928
May 1 1912
April 1 1910
Paterson,
N
J
do
do
N H
Treas Off, Concord,
Office, Philadelphia
Office, Phlla & London
Office, Philadelphia
do
do
Farmers L & Tr Co,
London, England
Penn Co
NY
for Ins, &c, Phil
Provident L & T Co, Phil
Amer Ex Bk, NY; & Phil
Am Ex Bk, N Y, Phil.&c
Broad St Station, Phlla
do
do
do
do
Broad St Station, Phlla
do
do
do
do
RR
1
1
1
Penn
Co.Phlla: &Lon
Treasurer, Philadelphia Jan 1 1907, &c
Pennsylvania
Co, Ph Mar 1 1942
Broad St Station, Phlla Feb 1 1917
New York and Phila
Nov 1 1943
Girard Trust Co, Phlla
Sept 1 1914
do
do
Oct 1907-1909
do
do
Nov 1906-1909
Girard Trust Co, Phlla
Feb 1907-1910
Commercial Trust Co, Ph Dec 1906-1910
fund.
RR
GENERAL FINANCES.— In
1901 obtained control of the Pennsylvania
Steel cos. See "Industrial cos." and V.72, p. 1280: V.82, p. 805.
company was actively constructing a passenger electric tunnel
railroad from Jersey City under the North River to a central passenger station at 33d St. and 7th Ave., New York City, and thence under the East
River to a connection with the Long Island RR. In Long Island City.
Completion of the work, estimated to cost about $40,000,000, will take
several years.
The tunnel will afford entrance Into New York City for the
Pennsylvania RR. and Long Island RR. and permit the sending of through
trains by rail direct from the South and West to all points In New England
via the bridge from Mott Haven to Long Island, which Is to be built by the
New York Connecting RR.; see V. 71, p. 913; V. 72, p. 1280; V. 73. p.
1264: V. 74. p. 380, 478, 831. 884. 1308; V. 75. p. 1203. 1302, 1355; V.
82, p. 1269.
In June 1906 an issue of 250,000,000 francs French loan (Penn. Co.
guaranteed
bonds) was sold, the proceeds with other amounts available to be used to pay for equipment costing $42,000,000 and completion
of the water supply system.
Statement of President Cassatt in June 1906 showing application of
capital expenditures since 1900, results and future requirements, was in
V. 82, p. 1439, 569.
New bond Issues of subsidiary companies in 1903-06 include In part:
and Cambria
In 1904 the
3H%
& Wash. 4s.$10,000.000 Penn.Co.French fr.loan. . $50 ,000 ,000
Long Island RR. 4s, guar 22,408,000 Pitts. Va. & Charl.4s,gu. 6,000,000
Phlla. Bait.
Penn. Co. 4)4 %gu. notes 50,000,000 Pitts. Cln. Chi. & St. L. 10,000,000
Penn.Co.3J^% gu.tr.ctfs 15,000,000 Vandalla RR
10,000,000
Penn. Co. 4 % bonds
20,000,000 Washington Terminal Co 10,000,000
In June 1903 allied interests purchased $6,924,200 of the $11,000,000
Hocking Valley Ry. common stock; see that co. V. 77, p. 1225.
—
LATEST EARNINGS. Jan.
Lines east of Pittsburgh] 1906
and
Erie.
exchange for the Southwest Pennsylvania Ry. minority stock per terms In
V. 80. p. 2458, and in 1906 $2,980,000 stock in exchange for the $5,296,7.">o
Allegheny Valley minority pref. stock at the rate of $56 25 Penn. stock
for $100; over 90% of said pref. having assented.
V. 81, p. 1493; V. 82,
p. 752.
BONDS.— Consolidated mortgage of 1873, see "Supplement" of Oct. 1901.
The 4 % loan of 1881 Is secured by Phlla. WUm. & Bait, stock. For gold
3Hs
of 1902 see "General Finances." Mortgages and ground rents pavable
Dec. 31 1905. $3.202, 827 V. 77. p. 1875; V. 78, p. 103.
In 1902 were Issued $50,000,000 10-year
gold bonds, dated Nov. 1
1902, of which $29,520,000 were converted In April 1906 Into stock at $70
per share and balance are convertible at holder's option at $70 per share on
any int. day. on 30 days' notice: they may be called for redemption at 102 \i
and Interest on any Interest day. but If called may be converted on basis
above stated. See V. 74, p. 577.
In 1905 stockholders subscribed at par for part of $100,000,000 of
gold bonds, the balance being taken by a syndicate. The bonds are (since
Dec. 1 1905) convertible at option of holder at any time Into stock at $75
per $50 share, unless previously called for redemption on Dec. 1 1910, or at
3H %
3^ %
to May 31 (5 months) directly operated:
.Gross, $57,466,162; net, $15,566,442.
..Gross, 50,566,762; net, 12,066,242.
Gross, Inc.$3.668,800; net,Inc.l,538,500
1
,
J1905
Lines west of P. and E., inc. or dec
ANNUAL REPORT. — Fiscal
year ends Dec. 31.
Annual meeting Is
was
held at Philadelphia on second Tuesday in March. The report for 1905
given at length in V. 82, p. 506. 514; see also editorial p. 537.
EARNINGS ON ALL LINES BOTH EAST & WEST OF PITTS. & ERIE
Year ending Dec. 31
Gross earnings
Net earnings
1905.
1904.
1903.
$266,069,597 $238,242,402 $242,517,758
73,969,249
66,784,708
67.138,320
REPORT OF PENNSYLVANIA RAILROAD COMPANY.
Year ending Dec. 31
Int.
Ry. were taken over under lease In 1900. In May 1900 purchased a malorlty
Long Island RR. stock. V. 72, p. 481. On April 1 1902 Schuylkill
as Juniata was merged. V. 76, p. 484. The Western Pennsylvania and other
roads connecting with the main line were merged April 1 1903 and the Pitts
burgh Va. & Charleston In 1905. V. 76, p. 486, 594: V. 80. p. 1112. The
stockholders voted Mch 13 1906 to purchase the Allegheny Valley Ry.,
South West Pennsylvania Ry. and York H. & Row. RR. V 82. p. 453 629
SECURITIES OWNED. The total cost of these to Jan. 1 1906 was
$236,604,457, many of which are pledged to secure Pennsylvania Issues.
Revenue derived from these securities In 1905, $10,018,026.
5
In «crlp.
N Y
Amer Tr & Sav Bk,
A
6%
of the
5H
Trust Co,
Union Tr, St L July
Chic Jan
24 State St, New York Feb
do
•
do
Oct
do
do
Nov
St Louis
Int. period on 90 days' notice, at par and int.; but when
so called they may be converted up to 30 days prior to the date named In
said notice for redemption.
part of the proceeds was used to retire the
$27,480,000
bonds maturing June and July 1905; balance for improvements. See V. 80, p. 1112, 1236, 1913; V. 81, p. 1437,
Miles operated
Gross earnings
Net earnings
Int. on Pa. RR. investments
DIVS.l
Dividend.
any subsequent
The Baltimore & Ohio, together with the Vanderbllt Interests, In 1901-02
came Into virtual control of the Reading Co. V. 76, p. 102.
The Western New York & Pennsylvania Ry. and the Allegheny Valley
P'rCt.J 7
5
5
In 1893 paid also 2
New York
i
p. 900.)
PEMIQEWASSET VALLEY RR.— Plymouth,
23 miles. Leased to Concord
%
M
£
5 or
When
Payable.
Rate
M
100
50
c
c&r
Second mortgage Income
GuP.c*
Sun & Lewis 1st M $600,000 p & 1 gold
Westchester first mortgage assumed
PIP c'
West Pa consol mortgage gold assumed
River Front first mortgage assumed
c
Allegheny Valley first mortgage guar Penn RR
Mortgage to State of Pa $100,000 due Jan 1 yearly.
Gen M ($20,000,000) gold guar p & l..FPi.xc*&r
Southwest Penn 1st M s f $5,000 yearly not drawn.r
GP.c*&r
Pitts Va & Ch 1st M gold guar p & i
c*
Equip trust gold bonds (s f 5 %) not drawn
A mount
Outstanding
$1,000
1,000
1,000
100
1,000
1,000
50
14
14
c*&r
do
do
•
1st Series
Par
1897
1880
When Due
pal,
Value.
1903
1902
1903
144
'07
1st
Bonds
Size, or
Road. Bonds.
red
M gold
— Mgint rentguar 105&beg par..N
p
SSt c*
red
red 105. .C*
M
Pan-Amer RR (Mex-Quat) —
Panama— Stock
gold red at 105 (text).-Ce.c*
First M $4,000,000
Subsidy bonds gold drawn at 100 (V 64, p 705). _c*
Paterson & Hud Riv — Stock 8% rent N Y L E & W
Pa erson & Ramapo— Stock (rental guaranty)
Pemigewasset Valley RR — Stock (rental guaranty)
Tr
Pennsylvania RR— Stock $400,000,000
Ozark & Cher Cent
—PrinciStocks —Last
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
111
on United N. J. securities
equipment
General Int. and miscellaneous
Rents
Int for use of
1905.
3,764
1903.
3,724
$133,921,993 $117,198,414 $121,942,568
$40,531,582 $35,395,526 $37,169,512
10,018,026
9,864,534
9,462,569
267.963
261,498
221.482
371,913
434,858
421,537
1,067,604
853,374
637,373
311,411
946,756
683,851
Gross Income
$52,568,499
Rentals
$12,346,754
Interest on funded debt
5,489,947
Interest on stock allotment
Int. on mtges. and ground rents
1,237,277
Car trust payments
59,571
Interest, general account
4,085,224
Equlp'nt trust loan sink. fund.
136,400
State taxes and miscellaneous.
2,360,048
Deduct
1904.
3,748
—
$47,756,546
$11,202,965
5,274,448
114,366
214 208
4,210,571
..
$48,596,324
$12,097,233
5,570.974
100,210
197.059
3,581,049
...
136.400
136,400
1,861,958
2.091.506
Extraordinary expenses
$25,715,221
$26,853,278
$182,969
126,450
8.429,881
$23,014,916
$24,741,630
$181,142
401,530
6,225,923
$23,774,431
$24,821,893
$149,424
401,810
9,477,728
Balance to credit Of Income
Dividends (6%)
$8,739,300
$18,113,978
18.113,978
46.808,595
$17,933,035
17,933,035
$10,028,962
$14.792. !)31
14,792.931
Total
Balance
Payments to trust funds
Consol. mortgage redeemed
To
credit of profit and loss
Hal. profit and loss Dec. 31
_
$24,725,484
.
.
.
$24,725,484
$24,742,225
—
OFFICERS. Pres., A. J. Cassatt: 1st V.-P.. John P. Green: 2d V.P.,
Charles E. Pugh; 3d V.-P., Samuel Rea; 4th V.-P., J. B. Thaver Jr.; 5th
V.-P. and Treas. .Henry Tatnall; Sec. .Lewis Nellson. N.Y.offlce,85 Cedar St.
—
Alexander M. Fox, N. Parker Shortridge, Rudulph Ellis,
Directors.
Alexander J. Cassatt, Clement A. Grlscom, Amos H. Little, William H.
Barnes, Geo. Wood, C. Stuart Patterson, Effingham B. Morris. Thomas
DcWItt Cuyler. Jas. McCrea, Lincoln Godfrey, John P. Green, Charles E.
Pugh, Sutherland M. Prevost (dee'd) Samuel Rea.
(V. 83, p. 96.)
,
PENNSYLVANIA COMPANY.— (See Map
no road
In fee but has charge of
west of Pittsburgh, viz.:
all
—
Pennsylvania
RR.)— Owns
the system of the Pennsylvania Railroad
112
RAILWAY STOCKS AND BONDS
[Vol. lxxxiii.
RAILWAY STOCKS AND BONDS
July, 190C]
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation of column headings, &c.
on first page of tables.
Pennsylvania
Date
of
of
see notes
trust gold $400,000 paid yearly
r
Delaware Avenue Market first mortgage
r
Delaware Avenue Bloodgood property
F.c*&r
Penn RR real estate purch money gold M
guaranteed. c*&r
Pennsylvania Company Bonds gold
Guar tr certs $20,000,000 gold guar Pa RR Ser A..r
QP.c*
Series B
do
do
do
Series C
c*
do
do
do
QP
Series D
do
do
do
yearly g gu Pa RR.QP
Gold loan $1,334,000 drawn
QP.c*
Gold loan redeemable after 15 years
FP
Gold notes $50,000,000 guar p & 1
French franc loan $50 ,000 ,000 gu red from 1918.GP
Pennsylvania & North Western See Cambria & Clear
Peoria & Bureau Val Stock 8% rental C R I & P._
1st M pref.Ce.c&r
Ind Bloom &
Peoria & Eastern
Ohio Indiana & West 1st M pref gold int guar.Ce.c*
—
—
— —
&
East cons
M
$10,000,000 lnt guar..Ce.c*
Ce.c
Ce.c
Ce.c
Second consol mortgage Income non-cum
First mortgage gold
Peoria & Pekin Union
Second mortgage gold
Pere Marquette Common stock 5 % rent $16,000,000
— $12,000,000
rental
R
Preferred 4 %
Receiver's certificates (see text)
Amount
Rate
When
Where Payable, and by
Value.
Outstanding
%
Payable.
Whom.
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1
,000
5,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
5,000
500 fr&c
100
100 &c
500 &c
000
000
1,000
1,000
100
100
1879
1888
1890
1890
1881
1885
---
1906
1906
1905
1904
1
1,000
1,000
1881
1897
pay $200,000 s-a beg Feb '07
do
Refund M $60,000,000 g gu p & (end) __ .Ce.c* &r
Coll M gold guar (sec by C C & L stock red) text AB.c
(see text)
Bonds—
& West Mich gen M ($12,000 per mile)._NB.c*
& W 1st cons (now 1st) M law money. OB.c*
D Gr R
$2,000,000
2,400,000
4,200,000
2,100,000
3,500,000
3,500,000
3,500,000
1,400,000
2,700,000
300,000
200,000
2,000,000
19,467,000
4,815,000
9,581,000
4,948,000
10,000,000
14,664,000
20,000,000
50,000,000
50,000,000
334
3 34
3 34
3H
3 34
4g
g
g
g
g
M
M
4g M
4 34 g J
3 34 g M
4
&
&
&
&
&
F &
&
J
&
J
M &
A &
M &
&
J
F &
A &
Q—
A &
4
3 34
g
334 g
334 g
334 g
4 s
4 'A g
1,500 000
985 100
8
4
500 000
8,500 000
4,000 000
1 ,495 000
1,499 000
16,000 000 See
12,000 000, See
838 360
1,200 000
8,361 000
3,500 000
500 &c
5g
6g
434 g
480
380
Controlled by stock &c:
Allies.
Pitts. Cin. Chic. & St. L-..*l,370.15
_*469. 89 Cln. & Muskingum Valley-.*148.45
Pittsb. Ft. W. & Chicago..
28.15
12.231 Waynesburg & Washington.
Masslllon & Cleveland
45.71
*84.47| Cln. Leb. & Nor
Erie & Pittsburgh
Cleveland & Pittsburgh --. *201.74| Grand Rapids & Indiana... 422.09
40.68
Musk., Gr. Rap. & Ind. ..
Leased directly by Pa. Co.:
26.00
Traverse City
Pitts. Youngs. & Ashta Ry. *140.07
Cin. Rich. & Fort Wayne. *85.83
& Ohio... *236.04
Toledo Wal. Val.
*632.87
Vandalia
Controlled by stock or otherwise:
*103.13 Terre Haute & Peoria RR.. 145.12
Cleveland & Marietta
15.27 Cleve. Akron & Columbus.. 189.66
Pitts. Ohio Val. & Cin
9.65
3.51 Wheeling Terminal Ry
Marginal RR., Beav. F., Pa.
2.45
21.98 Louisville Bridge
Southern
South Chic. &
Controlled Jolnty:
51.76
Branches W.N. Y. & Pa. Ry _
*117.58
2.31 Central Indana
Youngstown & Ravenna
*19.69
Pitts. Chartlers & Yough...
*230.70
Tol. Peoria & Western
184.17
1,342.40 Trackage
Total Penn. Co. lines
Leased by transfer from Pa. RR.:
I
|
RR
RR
Total of
"See this company.
ORGANIZATION.— Chartered
In
5,041.35
all lines
Penn. April 7 1870.
Its
$60,000,000
owned by the Pennsylvania Railroad. On Dec. 31 '05 the Penn. Co.
owned sundry stocks and bonds having a value as perbal. sheet of $116,stock
is
476 675
and yielding from Jan.
—
DIV 'S. V92. 93
4
Per cent
ent.-.J 4
r
'
'
-
1
to Dee. 31 '05 an income of $6,756,003.
94.
94 '95 to '00. '01. '02. '03. '04. '05.
4
None
3
3
4
5
1906.
June, 3
5
(s.a.)
—
The gold bonds of 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.
The guaranteed trust certificates, "A," "B" and C," were Issued by
Girard Trust Co.. Philadelphia, as trustee, under a deed of trust made by
the Penn. Co. and the Penn. RR. Co., whereby the Penn. Co. has pledged
guar, special stock of the Pittsb. Ft. W.
an equal amount at par of the 7
& Chic Ry. Co. The total authorized issue of the trust certificates is $20,000,000, each series to be secured by deposit of shares of the special guaranteed stock to an amount equal to the par value of the series, the sinking
fund having retired $656,000 to Jan. 1906. See V. 65, p. 368, 572, 1116;
V. 67, p. 122; V. 72, p. 339, 490.
sold late in
trust certificates, Series "D,
The $10 000,000 guar. 3 34
1904 are part of a $20,000,000 Issue to be issued In series and secured by an
equai amount of Pittsb. Ft. W. & Chicago guar, stock. The sink, fund
V. 79, p. 2457.
of the new Issue, It was stated, will not begin for 5 years.
gold loan of 1901 was issued to pay for acquisition of stocks of
The 3 34
They are guar., p. and 1.,
the Pennsylvania and Cambria Steel companies.
by Penna RR. and secured by deposit of $11,200,000 Pitts. CIncin. Chi-
BONDS
•
,
%
%
%
& St. Louis pref., $4,500,000 Norfolk & Western
& Ohio preferred stocks, and are subject to
cago
Bait
pref. and $4,500,000
call for redemption
V. 73, p. 843, 957.
annually by lot at par In 15 equal drawings.
000 000 gold loan 4s of 1906, guaranteed, are secured by deposit
common stock, $14,000,000 Pitts. Cin.
Bait. & Ohio
of $10 000 000
Chic &St. L. com. stock and $4,000,000 Vandalia RR. stock. V. 82, p. 335.
the $50,000,000 of 4 '4 % collateral betterment notes were
On Oct 1 1905
Car trusts Dec. 1905, $4,248,935.
paid.
The $50 oiio.ooo guar. 4 34% gold notes of 1906 are secured by stock of
Vandalia. i'itls. Cin. Ch. & St. Louis, Phila. Bait. & Wash., Bait. & Ohio,
Nor. Central and Norf. & Western. V. 82, p. 1157; V. 83, p. 156.
The $250 000,000 French franc 3M % guaranteed loan of 1906 Is payable
Denominations 500 and 2 ,500 francs.
principal and Interest In francs.
Theloan Is secured by "good, marketable collateral." V. 82, p. 1439.
Nov
The
1
$9
REPORT. — Report
for year 1905 was In V. 82, p. 1153, showing on
$40,596,440; net, $11,557,652; other Income, $6,756,003;
512.250.223; sink, fund, $1,656,164; dividend (5%),
interest rentals, &c,
In 1904, gross, $36,390,582: net,
$2 000 000- bal., sur., $2,398,268.
In year 1905. net Income, $6,054$10 347 "-o- other Income. $7,120,349.
432: in 1904, net Income, $5,187.930.— (V. 82, p. 1439; V. 83, p. 156.)
1
520
miles
BUREAU VALLEY
8%
—
RR. Peoria to Bureau Jet, 111., 47
PEORIA &
Leased In 1854 to Chicago Rock Island & Pacific RR. for $125,000
miles.
yearly, occasionally more.
yearly; dividends, usually
&
PEORIA & EASTERN RY.— (See Map
—
St. Louis.)
Clev. Cln. Chic.
Pekin, 111., to Indianapolis, Ind., 202 m., and has a lien of $5,Springfield Division, Indianapolis to Springfield, Ohio, 141 m.;
000.000 on
trackage, Pekin to Peoria, 9 m.; total operated, 352 miles.
Owns from
—
LE \SE, &c Formerly Ohio Indiana & Western, sold- In foreclosure In
Leased till April 1 1940 to Clev. Cln.
1890, reorganized per V. 49, p. 616.
Chic. <fc St. L., which guarantees Interest, but not principal, of the 1st conbonds, and owns one-half the $10,000,000 stock,
sols and the underlying
par, $100. See"Supp." of Jan. 1894 as to provisions respecting any surplus
over charges. Company owns $125,000 stock of the Peo. & Pekin Union
In 1905. V. 74, p. 152.
yearly was paid 1895-1902 and 5
Ry., on which 6
%
BONDS. — See abstracts of mtges. of 1890 in
Ind. & West. mtge.. V. 47, p. 201.
INCOMES. — Dividend on Incomes 4 % yearly,
%
V. 51, p. 246, and of O.
paid April 1 1902 to 1906,
both Inclusive, from earnings of preceding calendar year.
Gross, $490,659; net, $154,089
EARNINGS. 2 months,! 1 906 __
150,248
463 ,527; net.
Gross,
Jan. 1 to Feb. 28.
J1905.
Surplus over 2 mos. digs., $71 ,276 In 1906, agst. sur. $62,499 In 1904-5.
—
Balance.
Other Inc.
'Charges.
Cross.
Net.
$110,315
$2,675
$689,222
1905
$2,960,727
$805,862
90,150
692,839
780,144
2,845
1904
8,051,200
• Includes $160,000 (4%) Interest on Incomes.
(V. 80, p. 1363.
PEORIA & PEKIN TERMINAL RY.— See "Street Railway" Section.
Col. year.
—
5,758,000
5,379,000
1,000
M
S
S
N
J
S
A
D
D
N
O
N
D
A
O
O
Q—
& N
text. See text.
text. J
& J
534
534
Q—
J
4 g
J
5
4
—
Lest
Dividend.
June 1907-1911
Mar 1907-1912
July 1907-1912
Oct 1906-1912
Dec 1906-1912
Mar 1907-1913
May 1907-1913
Aug 1907-1913
May 1907-1915
Philadelphia
Mar
1909
do
Sept
1912
Farmers' L & Tr Co, N Y May
1923
National City Bank, N Y July
1921
Union Tr, N Y; & Phlla Sept 1 1937
do
do
Feb
1941
do
do
Dec
1942
Philadelphia, Pa
Dec
1944
New York & Philadelphia Nov
1916
Girard Trust Co, Phila
April 1 1931
Nov 1 1907
June 15 1921
Chic R I & Pac RR,
J P Morgan & Co, N
1906 4%
1940
do
do
April 1 1938
do
April 1 1940
do
April 1 1990
4% paid April 1 1906
Central Trust Co, N Y Feb 1 1921
do
do
Feb 1 1921
R Winthrop, NY; & Bost July 3 05 2 34%
do
do
July 1 05 2'
Jan-July 1907
To Feb 1910
J P Morgan & Co, N Y Jan 1 1955
Jan 1906 coupon not paid July 1 1914
& J
& J
J
& D Union Trust, NY; &
A & OiSecond Nat Bank,
4g
—Princi-
When Due.
Stocks
Commercial Tr Co, Phlla
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
April
4.3
4.4
Underlying
Chic
Q—
Q—
Q—
Q—
Q—
Q—
Q—
Q—
Q—
3 34 g
3 34 g
y-
47
202
342
342
342
20
20
W
—
Peoria
field
Bonds
pal,
Par
1901
1902
1902
1902
1902
1903
1903
1903
1905
1889
1892
1893
1881
1897
1901
1902
1904
1901
1906
1906
1906
5400,000 paid yearly...
Penn steel car trust gold $700,000 paid yearly
gold $300,000 paid yearly. __
do
do
Penn steel equip trust gold $500 ,000 paid yearly
$500,000 paid yearly
do
do
roll stk tr gold $500,000 paid yearly ..
do
gold $200,000 paid yearly
do
do
gold $300,000 paid yearly..
do
do
do
do
Size, or
Road. Bonds.
RR — (Concluded)
Penn equipment
113
N Y Aug 10
Y April 1
Bost Dec
Bost April
1
1
1921
1946
PEORIA & PEKIN UNION
Owns Pekin to Peoria, on both sides
of Illinois River, and yards at and opposite Peoria.
Mileage main track,
18.14; second main track, 8.80; total main track, 26.94 miles.
Mileage of
side and yard tracks, 67.38.
Capital stock, $1 ,000,000.
Owned by Peoria
& East. (Clev. Cln. Chic. & St. L. system) Chic. & Northwestern, Chic.
Peo. & St. L., 111. Central system, Lake Erie & Western and Tol. Peo. &
RY.—
,
West, companies. Dividends 1895-1902, 6% per annum; 1903, 4%; 1905,
5%. Earnings for cal. year 1905, gross, $913,818; net, $284,908; charges,
$176,530; dividends (5%), $50,000; bal., sur., 558,378.
(V. 82, p. 1323.)
—
PERE MARQUETTE RR.— The
—
road Includes:
Lines owned In fee
Miles.
Miles.
Alexis (near Toledo) to LudingOther lines, branches, &c
365
365 Porter to Clark Jet., Ind
ton on Lake Michigan
21
La Crosse, Ind., to Bay View,
Trackage
111
Mich
434 Trackage St. Thomas, Ont., to
Detroit to Grand Rapids, Mich. 167
International Bridge and NiSaginaw and Port Huron
121
agara. N. Y
136
125
Pt. Huron to Grindstone City
Leased (G. R. Kal. & S. E.)
Grand Ledge to Big Rapids
147 Rapid City to Stratford
40
Allegan to Pentwater
130 London & Port Stanley
24
Walkervllle to St. Thomas
127
Sarnia to Rondeau
72
Total
2,386
The Pere Marquette SS. Co. operates car ferries Milwaukee to Muskegon
and Ludington and Manistee to Milwaukee, &c; Marq. & Bes. Dock & Nav.;
also on Lake Erie, Rondeau to Conneaut.
V. 76, p. 383; V. 78, p. 103.
—
—
LEASE, &c. In 1904 the Cin. Ham. & Dayton acquired $12,834,450 of
the $16,000,000 com. and $1,487,800 of the $12,000,000 pref. stock, and
later leased the property for 999 years from March 1 1905, the com. stock
being guaranteed 5 % and the pref. stock 4 % dividends. V. 80, p. 163, 998,
1729.
In Dec. 1905 the directors of the C. H. & D. voted to annul the purchase of control and the lease of the Pere Mar.
In Jan. 1906 the court authorized the receiver to relinquish possession under the lease.
V. 81, p.
1791: V. 82, p. 48, 160.
Committee to investigate lease (Nathaniel Thayer,
Chairman), V. 82, p. 510, 987, 1102.
The Pere Marquette acquired the entire stock of the Chic. Cin. & Loulsv
by the Issue of $3,500,000 collateral trust bonds, guaranteed by the Cln.
Ham. & Dayton, but the bonds were never distributed, and In Jan. 1906 the
Interest was defaulted.
V. 82, p. 49. Suit to cancel mtge. V. 82. p. 752,
805.
The Cin. Ham. & Dayton and the Pere Marquette guaranteed the $3,500,4 'as of the Tol. Ry. & Term. Co., but the Jan. 1906 interest was allowed
to default.
See Tol. Ry. & Term.
000
RECEIVERSHIP.— On Dec. 4 1905 Judson Harmon of Cincinnati was
appointed receiver of the Pere Marquette and Cin. Ham. & Dayton. V. 81
The receiver obtained authority to issue $838,360 receiver's cerp. 1666.
tificates to pay the 1906 coupons falling due.
The certificates are a lien
on t lie entire property, no mention being made in the orders as to priority
over bonded debt. V. 81, p. 1849; V. 82, p. 162; V. 83, p. 38.
On May 4 1906 authority was given to issue $1,200,000 receiver's certificates to pay taxes for 1902 to 1905, to be a first lien on property In Michigan.
V. 82, p. 1041, 1102, 1157.
In April 1906 over 71% of the
Stockholders' Protective Committee.
outstanding pref. and a large amount of the com. stock had been deposited
with a committee, Nathaniel Thayer, Chairman; Francis R. Hart, Sec. (Old
Colony Trust Co., Boston, and Manhattan Trust Co., N. Y., depositaries).
V. 81, p. 1666, 1849; V. 82, p. 49, 987.
—
—
ORGANIZATION. A consolidation In 1899 of Chic. & West. Mich. Ry.,
Det. Gr. Rap. & West. RR. and Flint & Pere Marq. RR., per plan in V. 68.
A 99-year agreement for trackage with the Mich. Cent, and
p. 1024, 1181.
Can. South, from St. Thomas, Ont., to International Bridge and Niagara,
136 miles, extends the line easterly to Buffalo, from July 18 1904. V. 77,
p. 2097; V. 78. p. 2600.
DIVIDEND.— On pref., 1901
On com.,
1903, 2 %; 1904,
1
to Feb. 1905, both
%; 1905, April, 1 %.
lncl., 4
—
% yearly (F.&A.)
BONDS. The refunding 4s of 1905 ($60,000,000 authorized Issue; outstanding $8,361,000, are guar., p. & 1., by C. H. & D. V. 80, p. 163.
The collateral trust gold bonds of 1902 (limited to $2,870,000) are secured
by the entire capital stock ($1,100,000) of the L. E. & Det. Riv. Ry., the
National Trust Co., Ltd.. of Toronto, being trustee, and are subject to call
on any Interest day on 60 days' notice. They bear Itnercst at 3 % to Dec. 1
1905, and thereafter 4 % to maturity.
V. 75, p. 1302; V. 76, p. 213.
Lake Erie & Detroit River Division mtge, V. 76, p. 1350; V. 77, p. 89.
Pere Marquette RR. of Ind. 1st 4s of 1903 (authorized Issue, $3,000,000,
Eastern Tr. Co. of \. v., trustee).
s<-<- v. re, p. 919,
193.
Marq. & Bes. Dock & Nav. 1st M. bonds are guaranteed jointly, by P. M
and Bess. & Lake Erie. They are subject to call In whole or part at 105. and
1 % must be called yearly for the s. f. at the same price. If not purchasable
at a lower figure. V. 76. p. 480, 594, 706, 922, 1034. Form of guaranty,
p. 1358.
Debenture 5s of 1905, V. 82, p. 161.
The Eastern equipment 5s of 1903 are In two scries A for $1 .500,000 and
B for $2,000,00(1; the entire issue may be called on 6 months' notice and 5 7.". .000 of the As and $100,000 of the lis are redeemable March 1 yearly,
Form of g = aranty. V. 77, p. 90. In Oct. 1904 $1,520,000 equipp. 866.
ment 4 34s were sold. V. 79, p. 164Z.
The collat. trust guar. 4s due 1914 (S4, 000. 000 authorized) are secured by
entire ($4,206,000) chic. Cln. & Loulsv. stock, S"i, 000 being reserved for
are subject to call on or
Improvements and equipment to c. 0. & I..: ti
before July 1 1909 at 105; thereafter at 102HV. 79. p. 2696; V. 80, p. 163;
V. 82, p. 49, 219.
In March 1906 2, 000 box cars were ordered, to cost $1,730,000 monthly
payments to be made on account extending over 7 years from delivery, with
interest at 5%.
V. 82, p. 752.
There are also $42,000 H equip, bonds due
Oct. 1 1908, and $96,000 Lake Erie & Detroit River equipment 5s of 1904.
1
—
i
REPORT.— Report
for 1904-05
was
in
V. 82 p. 564.
RAILWAY STOCKS AND BONDS.
114
Date
Miles
column headings, &c.
of
on
first
page of
see notes
—
19
89
i
33
i
202
"66
Saginaw Ttis & Huron 1st M p & guaranteed. . N
gold interest rental
28
Grand Rap Beldlng & Sag 1st
c* Text.
Pere Marquette of lnd guar p & i call at 105
Marq & B D &, N guar p & call 105 sinking fund..c*
1
M
i
debenture guaranteed p & I. _c*
Oblig for fgt ears due S20.600 mthly (V 82, p 752)
Perkiomen 1st M Ser 1 (1st loan) g guar p & l_PeP.c*
(end) _ ..PeP.c*
First M Ser 2 (2d loan) g guar p &
Peterborough RR Stock (rental 4 %)
Petersburg RR See Atlantic Coast Line RR.
Phila & Bait Cent— 1st M $2,500,000 ($1 ,200,000 4 Ks)
Stock auth §25,350,450..
Phila Baltimore & Wash
f..r
P \V & B (old Co) plain bonds.. 1
All secured
L.r
Plain bonds
-L.r
by 1903
Plain bonds
\
mortgage.
L.r
Plain bonds gold
do
—
—
38.3
38.3
i
—
M
(tun) g s f not
gold sink fd not
First
road guar
1st mortgage $20,000,000 gold
1st
pref old 5s red 'S)6 gold.
hila & Ches V
lirst
old 4s not pref int reduced In '96 gold.
—
M
M
Year ending June 30
Gross earnings
Operating expenses
%
$5,000,000
2,850.000
3,325.000
400,000
1,607.000
200,000
53,000
1.292,000
485,000
2,940,000
8.382,000
3,000,000
2,870,000
1 000,000
260,000
675,000
396,000
100,000
1,730,000
799,600
1,125,000
385,000
4g &
,000
1,000
1,000
1,000
1,000
1,000
100 &c
1,000
100
92
214
1904-05.
.$12,667,420
9,915,777
1903-04.
$11,430,692
7,716,803
Net earnings
Add net land receipts
$2,751,643
441,036
$3,713,889
85,033
Total net income
$3,192,679
$2,178,9551
561,794/
59,698
414,663
$3,798,922
$2,102,814
Deduct— Interest on bonds
Rentals
Interest on bills payable
Taxes
—
405,558
sur. $1,290 ,550
df.$22,431
Balance, surplus
(V. 82, p. 805, 987, 1041, 1102, 1157; V. 83, p. 38.)
PERKIOMEN
Pa.,
Pa., to Emaus
— Owns from Perkiomen
,500,000, par value of shares, $50) owned by the Read-
RR.
Jet..
Jet.,
38.3 m.
Stock ($1
mtge. of 1901
ing Co. and mostly deposited under its Jersey Cent, eollat. 4
283.
Reorganized in 1887. In year 1904-05, gross. $510,913; net,
V. 72, p.
$309,363; Int. and taxes, $141,221; dividends (7%), $105,000; bal., sur.,
$63.142.
(V. 72, p. 283.)
%
—
— Wilton to Greenfield, N.
1893 to Boston & Lowell for 93 years at 4
PETERBOROUGH
Leased April
1
RR.
Capital stock, $385,000; par, $100; div., A.
penses.
&
10K
H.,
miles.
stock and ex-
% on
O.
PHILADELPHIA & BALTIMORE CENTRAL RR.— West Phila. to
Octoraro Jet., Mil., 63 m.; Wawa to West Chester, Pa., 9 m. (double track,
m.i; branch, 2 in.: leased, Chester Creek, RR., 7 m.; Phila. Bait. & Wash.
For 1905 gross earnings, $1,157,holds $2,497,15X1 of the $2,499,184 stock.
280; net. incl. other inc., $179,983; charges, $174,565; bal., sur., $5,418.
1
Where Payable, and by
Whom.
A & O
M & N
6 g
5g
5
5
5
J P Morgan & Co,
Central Trust Co,
e
6
4K
5
1920
1939
1939
July
1937
May 1 1931
Oct 1 1907
April 1 1909
Oct 1906-1914
Oct 1 1910
Mar
1908
Jan 1 1951
Aug 1 1932
Jan 1 1923
Aug 1 1931
Mar 1 1924
May
1943
April 1 1933
Jan 1 1935
To 1913
Bldg, Phil Jan 1 1918
Jan 1 1918
do
April 1906 2 %
i
5g
4 g
AK
4g
4g
5 g
4g
AK
N Y Oct
N Y May
A & O J P Morgan & Co, N Y
& J Internal Tr Co, Boston
M & N Second Nat Bank, N Y
A & O Internat Trust Co, Bost
A & O.50 State Street, Boston
gA & OR Winthrop & Co, N Y
& O 50 State Street, Boston
M & S R Winthrop & Co, N Y
J
& J J P Morgan & Co, N Y
do
do
g F & Al
J
& J St Louis Un Tr Co, St L
IF
& A J P Morgan & Co, N Y
M & S International Tr Co, Bost
M & N Knickerbocker Tr Co, NY
g A & O New York
.1
5
Dividend.
5
&
J
5
Q—
5g
Q
5 g
do
J
Reading Term
do
—
1
1
April
1
1
•
4
I
1904
1888
1888
PeP.c*
PeP.c*
When
Payable.
Rate
A & O Nashua, N H
1,000
2,200,000 AK & 5 M & N Penn RR Co, Phila
Nov 1
50 23,493, 5504 in 1905 J
& D Broad St Station, Phila June30
1,000
1,000,000
J
& D Off, Phil; Kidd.Peab, Bos June 1
1,000,000
1,000
A & O
April 1
do
do
1,000
1,000,000
M & N Broad St Station, Phila Nov 1
930,000
1,000
J
& J
do
do
Jan 1
1,000
1,000,000
A & O
do
do
Oct 1
1,500,000,
1,000
J
& jj (Nat Mech Bank, Baltol July 1
3,000,000!
1,000
A & O
April 1
& London
1,000 &c 10,570,000
!M & N Am Ex N Bk, NY; & Phil Nov 1
280,510
500
jA & O Philadelphia
April 1
500
100,000
A & O
do
April 1
1891
1892
1871
1871
IK
&c
1,000
1880
1887
1887
L.r
drawn
xc*
drawn
xc*
Mo.c'&r
J
M
Amount
Outstanding
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1881
74
—
Plain bonds gold
Bait & Potomac 1st
Par
1904
1900
1903
1901
1902
1903
1900
1899
1903
1903
1905
1906
1888
1888
When Due.
pal.
Value.
1880
1889
1889
1897
1891
1897
280
400
235
Bonds
Size, or
of
of
Iimid. Bonds.
tables.
Pere Marquette
(Concluded)
c
Flint & Pere Marq M (SI. 000,000 are 4s) gold
Consolidated mortgage cold
Ce.c*
Pt Huron Div first mortgage ($3,500,000) g.Ce.c*
IB.c*
Toledo Division lirst mortgage gold
Ch & X M 1st M gu p & end by Cli & \V M_.OB.c*
IB
Grand Rap Kal & S E first M sinking fund
Western Equipment Co call at par
Equipment bonds gold S76.000 due semi-annually..
Marquette equip first M guar s f call at par
East equip 1st \I g gu p & call par (text) ..SSt.c*
F.c&r
Pere Marquette consol M S.">0, 000.000
Mo
Lake Erie & Detroit River Div col M gold
Pere Marquette eollat trust mortgage gold call par..
do
—PrinciStocks — Last
INTEREST OR DIVIDENDS.
7J.-17Z.RO.4DS.
For explanation
[Vol. lxxxiii.
1
PHILADELPHIA BALTIMORE & WASHINGTON RR.— {See Map
—
Operates from Philadelphia to Washington, D. C, and from
l.
RR.)
Wilmington, Del., to Delmar, Del., with branches as follows:
Miles.
Lines controlled, leased, &c. —
Lines owned
Phila. & Bait. Central*
80
Phila. to Wash., D. C, via
136 Delaware RR.*
248
Balti. (all double track)
49 Delaware Md. & Va.*
97
Bowie to Pope's Creek, Md
63
29 Other lines (5)
Branches to Delaware City,
—
&c
702
Total (*see this company)
ORGANIZATION. A consolidation Nov. 1 1902 of the Philadelphia
Wilmington & Baltimore RR. and Baltimore & Potomac RR. V. 75, p.
See Washington Terminal Co. on another page.
395, 1032; V. 82, p, 510.
STOCK. Stock authorized, $25,350,450; outstanding Jan. 1 1906 $23,493,550, of which $23, 490. 775 owned by Penn. RR.; ol the stock, $3,000,000
was exchanged In 1903 for Bait. & Pot. consols, and $1,000 is reserved for
ild companies not yet exchanged.
in
Ince consol., Dee. 31 '02 to June '06, 4% yearly (J. & D.).
BONDS. -The first mortgage of 1903 ($20,000,000 authorized) is a first
lien on tiic Phllad.
iltlmore division, 117 miles, all double-tracked,
>assu the $4,930,000 debentures of the former P. W. &
and also secun
"Supp." of Apr. 1895) and is a second lien on the line from BalB.(sei
on. <n the bonds, $10,570,000 were sold, the proceeds
to b(
lefly in connection With the new terminals and approaches In
balance being reserved to retire the debentures and BaitlWashington, the
& Potomac bonds. V. 78, p. 49. Mtges., &C, 1905, $200,973.
EARNINGS. 5 mos. ,11900
Gross, $0,1 18.99-4; net, $1,367,025
to May 31.
Gross, 5,804,094; net, 1,211,725
Jan.
J1905
REPORT. Report tor year ending Dec. .".1 1905 In V. 82, p. 984.
—
—
EARNINGS. — 5 mos. ,11906
Jan. 1 to May 31.
J1905
1911
1906 2
1910
1917
1922
1926
1932
1911
1911
1943
1938
1938
%
Gross,
Gross,
$2,925,379; net, $533,898
575,282
2,893,290; net,
REPORT.— Report for 1905 was given in V. 82, p. 925.
Year ending Dec. 31
1905.
1904.
1903.
1902.
Gross earnings
$8,359,422
$7,078,306 $7,781,186 $6,423,192
Total net income
2,454,621
2,386,265
2,387,534
2,110,335
Interest on debt
1,019,150
1,019,150
1.019,150
1,019,150
Interest on equip't, &c.
726,105
720,291
718,740
588,018
Div. on special stock
108,000
108,000
108,000
168,000
Div. on common stock.(6 %)479, 100
(4)319,400
(4)319,400
(4)319,400
ANNUAL
—
— Balance, surplusV. 80,
(V. 79,
2206;
$153,424
$162,238
V. 82, p. 393, 925.)
$02,206
$15,766
p. 712, 1476. 2622;
p.
PHILADELPHIA & FRANKFORT RR. — Owns
from Crescentvllle to
Frankford, Pa., 2.6 miles. The $500,000 stock is owned by Reading Co.,
of which $498,950 is deposited under its mortgage of 1897.
In 1898 interest
on bonds reduced from 5 to 4 %, prin. and int. being guaranteed by Reading
Co.— (V.
67, p. 1358, 1357.)
PHILA. QERM. & CHESTNUT HILL RR.— See Connecting Ry.
PHILADELPHIA OERMANTOWN & NORRISTOWN RR. Phila.,
—
Pa.,
to Norristown and Germantown, Pa., 20.96 miles: second track, 20.35 m.;
3d track, 3.02 m.; total track, 95 miles, leases Plymouth RR., 9 m. Leased
Nov. 10 1870 to Phila. & Reading for 999 years; rental, $277,623, including $8,000 yearly for organization expenses.
—
PHILADELPHIA HARRISBURQ & PITTSBURGH RR. Harrlsburg,
Pa., to Shippensburg, on the Western Maryland RR., 47 m.; 2d track,
14.54 m.; sidings and laterals, 10.97 miles. Leased Oct. 15 1890 for 999
years at 5 % on stock, interest on bonds, taxes and expenses to the Phila. &
Reading RR., which by endorsement on each guaranteed the bonds, prin. &
int. Lease assumed in 1890 by Phila. & Read. Rv. Stock, $2,000,000 (par
$50), owned by Reading Co., of which $1 ,995,000, along with $1,472,000 of
the bonds also owned by the Reading Co. are deposited under its general
mortgage for 1897. Mortgage is for $2,000,000.
PHILADELPHIA NEWTOWN & NEW YORK RR.— Philadelphia
to
Pa., 22 miles: sidings and laterals, 3.90 miles. Stock
common,
$1,225,000; preferred, $400,000; par, $50.
Of the bonds, $849,100 (with
coupons only partly paid see V. 04, p. 331) are owned by the Reading Co.
and deposited under its general mortgage of 1897. In Oct. 1898 interest on
$507,000 bonds was reduced to 3%, from April 1 1897, and made a first
charge, that on remainder of Issue being left at
subject to said agreement. V. 08, p. 773. Current liabilities .Mine .'lo 1905, $410,489. Year ending June 30 1905, gross, $134,170; net, $34,705; charges, $17,850.
—
Newtown,
—
5%
PHILADELPHIA & READING RR.— See "Reading Company."
PHILADELPHIA & TRENTON RR.— Phila. (Kensington), Pa.,
to
Morrisvllle, Pa., 20 miles, mostly four-tracked, and branch 3 m. On June 30
1871 leased, with United Cos. of N. J., for 999 years to the Penn. RR. at
10 % on $494,100 stock, the total issue being $1,259,100, the balance being
owned by the United RRs. of N. J.
1
,
PHILIPPINE RY.— To
build about 295 miles of road In the Philippine
m. In the Island of Cebu, 100 m. on Panay and ion in. on
Negros. J. G. White
Co. have the construction contract, a syndicate
managed by Wm. Salomon
Co. to provide the funds. Organized Mch. 6
$5,000,0110 stock, to be changed shortly. Bonds, 30-vear 4s to be
1900 with
Islands, viz., 95
<fc
<Sc
—
Issued to provide for cost, estimated at about $10,000,000, Interest to be
guaranteed by Philippine Government See v. 80, p. 2022: V. 82, p. 219,752.
Ing Dec. 31
PIEDMONT & CUMBERLAND RY.— Sec Western Maryland RR.
PINE CREEK RY.— Owns Stokesdale Jet., on the Fall Brook Road,
1
net
1904.
1905.
earnings.
.
1903.
$11,070,201 $13,525,757 $13,585,849
10,802,9:12
9,989,971
9,819,089
751,526
874,068
822,256
$3,121 ,746
80 1,940
&c_
d net Income
$2,601,718
683,932
$2,944,504
745,478
$3,345,050
$49,9 18
900,
12,747
$49,9
870, DO'.)
I:-.709
262, 11
23,569
$
,567
ii
1
$3,920 086
939,742
939, 166
819,.,.,.,
bond
ate
1
nd
1%
.
1
,71
$3,689,982
19,785
618, 150
12,155
237,775
I
,180,513
1
1
,8l
,095
1
,166
1
t
1
j
pun
$3,345,050
$3,689,981
I
CHI >n
vaiii v 1/0. Road from Bridgeport
bartered In 1888, Capital stock (par. $50)
[referred, $20 i,100
0,(
,58 100. ol u bleb Read
i5,100 pn
09 as $454,4
red
ol -u hlch
deposited under It a gem al
\di i.imiia
to Do
in
$3,920,080
ft
1/
'
,
PITTSBURGH BESSEMER A LAKE
I,
1
1
.
1
.
p,
106
ii
Interei
1
re
1.
.
—
RIE kk\
Bessemer, Pa., to Con-
neaut Harbor and Wallace Jet., Pa., 153 miles; terminal
total, 209 miles.
in Brie, Ac, Pa.,
'onneaiit l.ake.V l.incsylllc UR.,
Cascade, near Erie,
double tracked.)
A consolidation Jan,
(32 miles
ORGANIZATION,
(
A-c.
&c,
12 m.;
1897 of the Pittsburgh
14
Erie and the Butler & Pittsburgh.
Boat lines to Canada,
ii
795.
see V, 77, j). 1228: V. 70. p. 1358. 922; V. 61 p.
or the stock, $.',.500,500 common and $500,100 preferred are owned by
ea ed foi 999 yean Mom Apr.
the Carnegie Co
mu to the new Bessemer
ike Erie lot., a subsidiary organization of the Oarnegle Co., for
on
on eom. stock, Interest on bonds and organisation expenses,
pref. ami 8
lie lea
I,, hir r
he Cai negle Co, Y. 72. p. 137. 'I'll rough
,Ve,
a n eei by
Carnegie Co. Is controlled by U. S. Steel Corporation,
Shenango 4 Lake
.
::
1
.
1
%
1
%
.
I
1
,
BONDS,
1.
1
t
1
Debentures
,,
ol
h
j
I
I
1899 ma] be called after June
1
mnouponcom-
cai of unexpired term.
ol 1897 is for $10,000,000 (trustee
The P, n. -V i.. B. mtge.
United states
Trust Co., \ V.) covering all the railroad, property, rights and franchises
or the consolidated company, Including the agreement with the Oarnegle
Steel Co., Ltd., and lie I'lilon Hit. Co. <>l the 5s of 1897, $1,800,000 r»served to retire Pittsburgh Shenango <v Lake Erie bonds.
EARNINGS. For calendar year 1900, Bessemer & Lake Erie gross,
In 1904,
ro
$5,407,691; net, $2,758,095,
$4,277,1 16; net, $2,132,532;
h irgi
,050; bal., sur., $1,245,483,
Interest
(V. 70, p. 1203.)
.
11
I
miles; leases Mead\ [lie
2 miles; branches, 2
i.inesviiie to Meadviiie. 21 m.: trackage to
1
ing
,
1
1
Total
(V. 82, p. P84
to
Newberry Jet., Pa., 75 miles. The \. \. Central controls he capital stock
and leases the load for 999 years from May
1899 for $35,000 yearly, payable quarterly (Q.-F.), bond Interest and taxes, V. 68, p. 379, 573, 773, 872.
The lirst mtge. is guaranteed by the Heading and the New York Central
jointly and severally. See form or guaiain
V 56, p. 050. Stock, $1 ,000,1900 N. Y. Central owned $999,000.
000 (par $50); Jan.
(V. 68, p. 573.)
I
12
1
.
,
I
PHILADELPHIA ft ERII
<8 miles: b
IZATION, LI
OP
Penn
RR.
19
RR. Co. for 999
rr, owned
and $3,9
I
I
Dec. 31
,00
m.,
Map Penn. RR.)
15"
dl
19(
»9
.
Owns Sunbury
,
I
net receipt paid e
800 common and: $2,400,
I
I
Erie. Lea ed to
rental. Penn.
special Btock
I
i
.
PITTSBURGH CHARTIER8 A YOUGHIOOHENY ky. Owns from
iers to Beechmont
19 miles; trackage (Chartlers Ry.), 2 m.; 21 miles in
ail.
STOCK outstanding wai $700,000, owned join tlj bj guarantors men,
9
Btk.
[Set
%J
2
1.
'98 '96.
'97.
lone
.None
2
'98
14
09
'00.
'01
7
7
2
.
'02,
7
4
'0
7
4
I,
'04.
*05.
7
4
7
6
1906,
Jim,
.
:;
Stockholders were to vote Julj 17 1906 on Increasing the
tioned below.
authorized stock from $1,000,000 to $1.., 00, 000.
v. 82, p. 1209.
July.
RAILWAY STOCKS AND BONDS.
1906.]
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
column headings, &c.,
of
on
page of
first
Date
of
of
see notes
307
307
307
307
7%
M
(now first) gold guar p & by Penn RR.c
r
($5,263,000 are 5s)
do
do
First M $500,000 guar. ..QuP.c*
Phila & Frankford
1
—
—
"56
47
22
R
Ry_.
Phila derm & Norristown Stock rental P &
1st
g.c*&r
Philadelphia Harrisburg & Pittsburgh
First mortgage gold (text) c*
Phila Newtown & N Y
Philadelphia & Reading Ry See Reading Company.
Philadelphia & Trenton Stock 10% rental Penn
—
M
—
RR
— —
Piedmont & Cumberland — See Western Maryland
r
Pine Creek — First M guar prin & interest (end)
M
75
8
—
134
151
193
193
M
M
19
—
M
Cons
(end)
I
by Pennsylvania Company.
"C
•'D'
•'E'
„ F,
1890
1892
100
1885
1900
1,000
1,000
50
50
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1,000
000
1890
1893
1897
1899
1898
1899
1900
1901
1892
1883
1864
1866
1870
fl890
1892
1,095 1892
1895
1899
[1903
gold. -C*
gold. .c*
gold. .c*
gold. _c*
b$2
aSInklng fund Dec 1905 held $2,385 000 additional.
DIVIDENDS.— In
1,000
1,000
1,000
50
1,000
1,000
116
222
222
'A" gold.-c*
"B'
"B" gold. -C*
&
1869
1869
1892
580
M
$75,000,000 gold guar p
$50
50
1,095
1,095
(s f drawn at 110) ..c
Jeflersonville Mad & Ind 1st
Jeflersonville, Ky, to Indlanap & br'h.c
Second
M
Amount
Outstanding
26
e
$250,000 gold guar p & 1
Piqua & Troy— First
Pittsburgh Bessemer & Lake Erie Common 3 % rent
Preferred stock 6 % cumulative guaranteed by rental
Pittsburgh Shenango & Lake Erie 1st M gold.Ce.c*
Ce.c*
Consolidated 1st M for $4,800,000 gold
Us.c*
$10,000,000 gold
Pitts Bess & L E cons
UPi
Debentures gold $2 000,000 (see text)
FPi
Conneaut equip trust part due yearly gold
Shenango equipment trust part due yearly gold. UPi
Greenville equip trust $100,000 due yearly gold. UPi
UPi
Butler equipment trust $2,050,000
Gen
$1,000,000 gold guar. FPi
Pittsb Chart & You
Pittsburgh Cincinnati Chicago & St Louis Com stock
Preferred stock
Chic St L & Pitts con"M"(i22"o"odro"o"0)"gold"-"UnTc&r
r
Steuben & Indiana first mortgage
—
Par
Value.
000
000
000
000
1,000
1,000
1,000
1,000
147,
1895,
4%;
1896,
%; 1900, 4 %; none since. Of the
1
—
PITTSBURGH CINCINNATI CHIC AGO &
Lines owned.
Pittsburgh, Pa., to Chic,
Rendcomb
Jet. to
Anoka
111
Jet
Bradford Jet. to Indianapolis
Indianapolis to Jeflersonville
Branches
owned
Trackage—
Miles.
509
166
104
108
223
(See Map.)
ST. LOUIS RY.
Miles
Lines leased Continued
—
—
9
Ohio Connecting Ry
28
Pitts. Wheeling & Kentucky
2
Eng. Connecting Ry. in Chic
Other lines
1
Operated under their own organization—
1,111 Pittsburgh
•Total
Chartlers
Ry
& Musk.
iogheny
Indianapolis to
Kokomo
54 Cincin.
Other
3
Lines leased (*See these
•Chartlers
•Little
I
co.'s)
Miami
Miles.
23
194
Val.
Waynesburg & Wash.
Total of allJan.
1
& Yough21
148
28
RR
RR
1906
1,624
&c—
ORGANIZATION,
Formed in 1890 by consolidation (per terms In
& Pittsburgh, Jeflersonville Madison &
Indianapolis, Cincinnati & Richmond and Pittsburgh Cincinnati & St. Louis.
Controlled by Pennsylvania Company, which on Jan. 1 1906 owned $22,470,700 oref. and $14,587,500 common stock. As to interest in majority of
Hocking Valley common stock, see that company. V. 83, p. 37.
CAPITAL STOCK. The stock authorized is: Com., $45,000,000; pref.,
Outstanding Dec. 1905, com., $24,780,850; pref.,
$30,000,000; par, $100.
Stockholders in Dec. 1903 subscribed to $4,750,000 pref.
$27,456,099.
stock. Increasing the amount outstanding to $27,454,000.
V. 77, p. 1747;
V. 78, p. 229. Suit V. 68, p. 381; V. 69, p. 1248; V. 70, p. 126. Of the
pref. stock, $11,200,000 and $14,000,000 com. are pledged as collat. under
Penn. Co. collat. trust certificates. V. 73, p. 957; V. 82, p. 335.
per annum out
The pref. stock is "non-cum. and entitled to a div. of 4
of the net earnings as declared by the board, with the right after 3 % has
been declared on the com. to an additional 1 %, making 5
In all."
After
5
on both com. and pref., the two share pro rata.
\'92-'93. '94. '95. '96. '97-'98. '99. 1900 to Jan. '06. Julv '06
DIVS.
Onpref. (%)) 4 yrly. 2
2
3
4 yearly.
2J4
On com., 1%, Aug. 15 '01; since to Aug. "06, incl., 3% yearly (F.&A.).
STOCK OF OLD COMPANIES unexchanged Jan. 1 1906: Pittsb. Cin. &
.St. L., com., $25,150; C. St. L. & Pittsb., com., $441,767, and pref., $4, 9."):':
Steubenv. & Ind., com., $77,122, and pref., $750; Jefl. M. & L., $5,000.
BONDS.— The consul, mtge. for $75,000,000 (Farmers' L. & T. Co. of N.
Y. and VV. N, Jackson, trustees) covers the entire property. Sufficient
consols are reserved for the purpose of retiring all sectional bonds at maturity, at which time they must be paid off.
The remainder are issuable for
Improvements, additions, &c. They are guar, unconditionally as to prin.
and int. by the Penn. Co. The six series are all equally secured. See adv.
In "Chronicle" May 21 1892 and guaranty on bonds, V. 56, p. 604.
In 1904 and 1905 $10,000,000 Series F consols were sold to refund the
$2,996,000 Col. & Ind. Cent. 7 per cents paid Nov. 1 1904 and for general
purposes.
V. 79, p. 1267; V. 80, p. 1175; V. 82, p. 752.
LATEST EARNS. 6 mos., 11906. .Gross, $14,152,558; net, $3,169,651
Jan. 1 to June 30.
12,538,925; net, 2,626,158
j 1905. .Gross,
REPORT. Report for 1905 at length in V. 82, p. 800. 810.
Year ending Dec. 31
1905.
1904.
1903.
Miles operated (system proper)
1,168
1,169
1,164
Gross earnings
$26,833,428 $24,209,492 $24,650,401
Net earnings..
6,887,519
6,099,554
5,874,885
Miscellaneous
130,511
125,026
61,182
V. 50, p. 875) of Chicago St. Louis
—
%
%
%
—
—
—
ANNUAL
Total net earnings
Interest on bonds
$7,018,030 $6,224,580 $5,936,067
$2,344,754 $2,307,637
$2,186,113
137,483
139,344
132.301
783,033
659,146
589,988
&c
1,633,961
1,331,787
1,369,075
(4 %)1.09S,196 (4)1,098,122
(4)908,036
Dividend on common
(3 %)743,400 (3 %)743,390(3 %)743.378
Balance, surplus
sur. 277, 203
def.54,846
7,116
(V. 81, p. 1175, 1376; V. 82. p. 335, 752, 800, 810; V. 82, p. 1380.)
Rentals paid
Car trusts (Including Interest)
Improvements, sinking fund,
Dividends on preferred...
—
RR.— See Bait. & Ohio RR. — (V. 76, p. 49.)
PITTSBURGH
WAYNE &
Penn.
— ROAD. — Owns FORT Pittsburgh, CHICAGO RY.— (See Map branch,RR.)
from
Pa., to Chicago, 111., and
470
PITTSB. CLEVE. & TOL.
m.- Double track, 271
which part was built in 1893.
LEASE, &c. Foreclosed Oct. 24 1861 and reorganized. From July 1
1869 leased In perpetuity to the Penn. HI!.; rental pavs Intel est. s. f. of debt
and 7 % on stock, payable Q.-J. The lessee keeps road In repair and pays
taxes and expenses.
In July 1901 an extra dlv. of 2 % was declared on both stocks, but It will
be paid on the guar, special stock only In case the courts so decide. No decision to Apr. 1906.
V. 72. p. 821, 1188.
CAPITAL STOCK.--The special Improvement stock Is Issued to Perm.
RR. for Improvements. &c, under Article 16 of lease, which provides that
the lessor may Issue special bonds or stock. See V. 50, p. 139, and wording
of endorsement In V. 56. p. 774.
The special stock 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
from time to time for betterments; In 1808. $335,300; In '99, $824,907; In
—
m...
Where Payable and by
Whom.
Payable.]
When Due.
Stocks— Last
Dividend.
%
%
1905 Semi-an Broad St Station, Phila June 30 '06 3
1905 Yearly
do
do
iDec 31 1905 7
6 g
do
and London July 1 1920
J
& J
4 g & 5 g A & O Broad St Station, Phila July 1 1920
4g F & A Company's Office, Phila Aug 1 1922
Q
Mar & Mcr Bldg, Phila June- 5 1906 3%
12
5g A & O 15:Company's Office, Phila Oct 15 1925
do
See text A & O
do
Oct 1 1942
6 in
7 in
I
—M
See text.
Q—
10
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
6
3,500 ,000
J
At
4
225 ,000
A
10,000 ,000
3
2,000 ,000
6
J
A
3,000 ,000
5i
657 ,000
5
J
6,343 ,000
5;
J
5
2,000 000
J
6
M
120 000
5
A
509 .000
5
1,000 ,000
A
2,050 ,000
5|
A
316 .000
4
24,780 850 3 In 1900 F
27,457 ,100 See text. J
5 g
1,506 ,000
A
3,000 ,000
5
J
a563 000
7
A
1,967 000
7
J
10,000 000
4K g A
8,786 000
1,379 000
4,983 000
4 g
b9,851 000
3H gF
10,000 000
4g J
M
!
4^gA
4HgM
M
do
do
July 1906 2\i
D Grand Cent Station, N Y
N Union Sav Bank & Tr.Cin
O Check from Co's office
D
do
do
O Central Trust Co, N Y
do
do
J
J United States Tr Co, N Y
D Union Trust Co. Pittsb'g
SI Fid Title & Tr. Pittsb'gh
O Union Tr Co, Pittsburgh
do
do
nI
o
o
A
do
do
Pittsburgh
Farmers' L & Tr Co,
Office.
NY
do
do
O Union Trust Co, N Y
j; National City Bank, N
o Farmers' L & Tr Co, N
do
do
J
O
do
do
O
do
do
N
do
do
N
do
do
A
do
do
D
do
do
J
|
1
Y
Y
Dec
%
1932
Nov 1 1939
Apr 1 1906 >2
June 1 1906 3%
Oct 1 1940
July 1 1943
Jan 1 1947
June 1 1919
Mar 1 1907-1908
Apr 1 1907-1913
1
1
May
April
April
1
1
1911-'20
1921
1932
1
Augl5
'06
IK %
July 16 1906 2)4
Oct 1 1932
Jan 1 1914
Oct 1 1906
July 1 1910
Oct 1 1940
April 1 1942
Nov 1 1942
Nov 1 1945
Aug 1 1949
Dec 1 1953
00.
11%; 1897, none; 1898, 7%;
4s, half are guaranteed (endorsed)
other half by the Pittsburgh & Lake
by Pitts. Cin. Chic. & St. Louis, the
Erie. See guaranty, V. 56, p. 650. In year ending Dec. 31 1905. gross,
(V. 82, p. 1269.)
$297,423; net, $109,077; int., &c, $39,521; sur., $69,556.
1899,
$7,985,000
2,400,000
8,680,000
11,143,000
500,000
2,246,900
2,000,000
1,417,000
%
pal,
When
Rate
— Princi-
Bonds
Size, or
Road. Bonds.
tables.
Phlla & Erie— Common stock ($10,000,000 auth)
Special stock
General
115
of
1
1900. $1,002,700; In 1901, $1,291,200; In 1902, $1,418,200; in 1903. $2,010,400; in 1904, $4,959,200; In 1905, $3,341 ,900; In 1906, $3,029,700.
$31,002,900 guar, special stock outstanding Dec. 31 1905, $30,415,700 was
owned by Penn. Co. V. 75, p. 1087.
I
I
—
BONDS. The 1st mtge. Is In series of $875,000 each and second mtge. of
$860,000.
Of the above 1st mtge. bonds, $3,121,000 and of the 2nd mtge.
$3,358,000, and over $2,600,000 cash, were In the sink, funds Jan. 1 1906.
REPORT. 1905, lessee's profit, $567,118; 1904 $449,179. (V. 80
p. 2458; V. 82, p. 1439, 1497.)
PITTSBURGH JUNCTION RR.— See V. 67, p. 688, 788, 954, 1056.
B. & O. is in control, owning all of the securities except $15,250 com. stock,
$959,000 1st 6s, $250,000 2nd 5s and $191,000 Terminal Co. 5s. See B. &
O. and V. 69, p. 1063. 1192, and V. 70. p. 77.
—
—
& LAKE ERIE
(See
&H.R.RR.)
— Ownslines toPittsburgh, Pa., to RR.—m.; Maps 68Y.Cent. be 4-tracked;
from
Youngstown, O.,
m., to
branch
Newcastle,
Pa., 4
PITTSBURGH
AT.
&c.
total owned, 72 m. (of which 70
double track); leases Pitts. McKeesport & Yough. (which see), 112 m.;
Mah. State Line RR., 3 m.; Beav. & Ell. RR., 3 m.: Elw. Connect. RR.
m.; total 191 miles.
The road is operated in harmony with the N. Y. Central system, the L. S.
Mich. South. Ry. owning $5,000,100 of stock.
The P. & L. E. owns
stock and securities of Pitts. Ch. & Yough. Ry., $139,850, and of Mon. RR.,
$736,570. As to guaranty of bonds of Mon. RR. see that co.'s statement.
In Nov. 1905 the holdings of the Little Kanawha syndicate, Including the
stocks of the Little Kan., Park. Bridge & Term., Burnsv.& East., Buckhannon & North., Bellington & North., Zanesv. Marietta & Parkersburg and
Marietta Columbus & Cleveland were acquired. V. 81, p. 1436, 1493.
DIVIDENDS.—
1892 to Aug. 1906
J1886 to 1891.
Per cent
6 yearly.
10 yearly.
\
EARNINGS. For 6 months ending June 30, gross, $7,047,156 in 1906;
in 1905, $6,053,292.
REPORT.— Report for year ending Dec. 31 1905 in V. 82, p. 1319,
showed: Gross, $12,837,736; net, $2,950,112; other income. $68,446;
taxes, $170,087; interest, $221,125; rentals, $484,418; dividends (lc
$1,000,000; bal., sur., $1,142,927.
(V. 81, p. 1493; V. 82, p. 162, 1319.)
PITTSBURGH LISBON & WESTERN RR.— New Galilee. Pa. .to Lisbon,
O., 25 miles; Salem to Washingtonville, O., 7 m.; coal road, 3 m.
Purchased
In May 1904 by the Wheel. & L. E. RR.
V. 78. p. 1782. For 7 H mos. ending June 30 1903 (32 miles) gross, $54,448; net, $16,013; other income, $1,303; charges, $20,423; bal., def., $3,107.
(V. 78, p. 1782.)
1
&
—
—
,
—
PITTSBURGH McKEESPORT & YOUGHIOGHENY RR.— (See Maps
N. Y. Cent. & H. R. RR.) — Owns from Pittsburgh to New Haven. Pa.. 57
m.; McKeesport to Brownsville Jet., Pa., 39 m.; branches, 14 m.; leases 2 m.;
which 69 m. double track.
LEASE. Leased to Pittsb. & L. E. RR. for 999 years. Rental Is 6 %
on the stock, prin. and int. of the Pitts. McK. & Y'ough. bonds being guar,
by Pitts. & L. E. and Lake Shore & Mich. South, companies, the guaranties
being endorsed on the share certificates and bonds.
The guaranty of the
stock is on the express condition that the holder shall accept par for the same
on July 11934. See wording of guaranty in V. 56, p. 774. Stock authorized, $4,000,000; 1st mtge. bonds authorized, $2,250,000: 2d mtge. bonds
authorized, $1,750,000.
Profit to lessee in 1905 $1,070, of which one-half
was payable to the Lake Shore & Michigan Southern.
total, 112 miles, of
—
PITTSBURG OHIO VALLEY & CINCINNATI RR.— Owns road Bellaire.
m. Operated for cost by Penn. Co. In connection
with Cleveland & Pittsburgh since Dec. 1 1892. Stock authorized. $1,500,000; outstanding, $300,000; par. $50.
Trustee of mtge. (for $1,500,000),
Fidelity Tr. Co. of Phlla. Year end. Dec. 31 1905, gross, $35,677: net
$12,080.
PITTSBURGH PAINESVILLE & FAIRPORT RR.— See B. & O. RR.
PITTSBURGH SHAWMUT & NORTHERN RR.— ROAD.— Projected as
a short route from the bituminous coal fields In Flk and Jefferson counties.
Pa., northerly to Macedon (on the N. Y. C. & H. R. RR.), Including
branches, 350 miles.
The first division, Wayland to Sliawmut, Pa., with
branches, Is In operation, viz.:
Owned
Miles.]
Miles.
Leased (Concluded)
Hydes to Coryvllle, Pa
66|Hornells. Jet., to Hornellsville.. 10
State Line Jet. to Wayland
701
Trackage
Palne's Jet. to Cardiff..
5
.121 Hydes to Sliawmut, Pa
Mt. Jewett to Kasson Jet
10|Brockport to Brockwavville. Pa. 4
Olean to Olean Jet
9|CoryvIlle, Pa., to State Line Jet. 11
Leased
Croyland to Halton, Pa
209
12|
Total operated
The Brookvllle & Mahoning Ry., controlled bv the same Interests, proposes to build an extension from Hydes. Pa., to Freeport. 102 H miles;
21 miles were let in Dec. 1905.
V. 81, p. 32.
ORGANIZATION. Reorganized without foreclosure In 1901, under
plan In V. 74. p. 327. only $164,000 of old $6,
,000 5 % bonds not having
assented.
The Kersey Kit., 12 m., formerly leased, and about 150,000 additional acres of coal lands and mineral rights were placed under the new
mtge.
V. 74, p. 327 and Circular, p. 578. Tn<
entlng bonds have
received interest to Feb. 1905.
The old IstS exi
lor the new bonds
have not been canceled. V. 75, p. 291. Car trusts June 1904, $188,477;
of 1905, see table above.
REORGANIZATION'.— On Aug. 1 1905 Frank Sullivan Smith was appointed receiver.
'>.
A larger
Reorganization was deferred in
is
to be authorized for extension to Plttsbui
Ontario, Involving the COl
miles of additional road and acqulsltlon of additional coal lands.
A". 81, p. 559.
On March 1 1906 $1.300,000 receivers' certificates were authorized for Improvements and additions.
V. 82, p. 510, 569, 806, 1102.
STOCK. All com., auth.. $15,000,000; Issued. $11,700,000; par. $100.
EARNINGS. For the year ending June 30 1905 railroad earnings were:
Gross, $918,292: net, $43,518; Other Income. $10,897: Interest, taxes, &c.
$293,337; bal.. def.. $238,922: see V. 78, p. 1498.
OFFICERS.— Acting Pree., Franks. Smith, 60 Wall St.— (V. S2.p.ll02.)
TTS. SHENANGO & LAKE ERIE.— See Pitts. Bessemer & Lake Erie.
O., to Powhatan, O., 15
—
—
—
—
—
—
—
—
EAILWAY STOCKS AND BONDS.
July, 1906. J
EAILWAY STOCKS AND BONDS.
117
118
RAILWAY STOCKS AND BONDS.
Vol. lxxxiii.
July,
RAILWAY STOCKS AND BONDS
190G.J
Miles
For explanation of column headings, &c,
on first page of tables.
—
— stock
Guaranteed special imp
Date
of
of
see notes
Par
& Toledo See Baltimore & Ohio RR.
470
Wayne & C Gen stock 7 % guar Penn RR
%
guar by end
to Fl Sinking fund cumula-
First mortgage Series A
Second do Series G to MJ tive not drawn.. c*L
Third mortgage
Pittsburgh & Lake Erie Stock auth $10,000,000
c
First mortgage gold
N.c
Second mortgage gold Series A & B
& Yough Stock guar (see text)
Pittsburgh McK
First mortgage guar by P & L E and
Second M guar p & (end) by P & L E and LS&MS.cj
MeKeesport & Belle Vernon 1st M gold ass'd__FPi
Pittsb Ohio Val & Cin
1st M gold s I not drawn. FP.c*
—
—
LS4MS —
i
—
Pittsburgh Painesville & Fairport — See Baltimore & O hio
— Receiv certs red par
Col.c*
$12,000,000
Shawmut & Nor
Pittsburgh
470
4 OS
468
468
~73
73
~57
57
40
15
—
M
—
M
M
M
—
M
M
—
When
Where Payable, and by
Payable.
Whom.
Rate
%
1878
1889
1884
1882
1884
1888
1890
().-)!
1,000
1,000
19(12
1905
•
•
Jan
1
19
28
•
July 1906 3%!"July
L932
July 1 1934
July 1 1918
Oct 1 1920
1
•
•
•
F
F
5 g
5 g
J
M
M
5g
4H
Mar 1 1911
S New York
& AiFeb 1905 lnt last paid Feb 1 1949
do
[Feb 1 1952
& A|
do
& S Colonial Trust Co, N Y|Sep '06-Mar
& S Colonial Trust Co, Pittsb Sept 1 1937
July 1 1942
do
do
& J
•
1
•
'12
1955
NY
See text.
See test.
1,000
1,000
NoneJne'06
& J Boston
iJan
& J Mercantile Trust Co, N Y July
& O Oct 1904 coupon last paid April
225,000
400,000
100.000
1,000
1,000
—
•
5 g A & O New York
Oct 1 1955
See text.
Apr 25 '06 zy
2,100,000 See text. See text. Farmers' L & Tr Co,
2
do
Apr 25 '06 3 Y
8,980,500 See text. See text.
do
2
1,500,000
& A Fidelity Trust Co, Phlla Aug 1 1908
1,562,000
& N Farmers' L & Tr Co, N Y Nov 1 1927
1,000
1878
1887
1906
1892
1896
1904
•
M &
g
4 g
5
383,000
See test.
See text.
1905
July 3 1906 1H
July 2 1906 1M
July 1 1912j
July 1 1912
July 1 1912
Aug 1 1906 5 %
Jan 1 1928
I
1,300,000
164,000
6,419,600
332,000
1,000
1,000
1897
When Due.
Dividend.
Q—
Q—
1906
1899
1902
1905
Pittsburgh Virginia & Charleston See Pennsylvania RR.
Pittsb Term RR & Coal
West Side Belt 1st M g.-UPi Test.
Pittsburgh Terminal 1st
$7,000,000 gold...CPi.c* Test.
B
Consolidated mortgage $14,000,000
Pittsburgh & Western See Baltimore & Ohio RR.
30
Pittsb Westmoreland & Somerset
1st
$700,000 g.N
140
Pittsb Youngst & Ashtabula— Com stock $5,000,000
140
Preferred stock $9,100,000
62
Youngst to Ashtab.FP.c*&r
Ashtab & Pittsb 1st
125
Consol
(for $4,000,000) s f 1 % not drawn. -F.c*
New mortgage $15,000,000
"15
Plymouth & Middleboro 1st
int guar by Old CoL.c*
gold $400,000. . Me.c*
100
Pontiac Oxford & North— 1st
Port Angeles Pac
1st M $2,000,000 gold red at 105.K
Portland & Rochester- See Boston & Maine RR.
—
—
Outstanding
Wlnslow, Lan & Co, N Y
$100 $19,714. 286 See test.
do
do
100 37.374 500 See text.
Various
do
do
500 &c
5,250 000
7
Various
000
do
do
500 &c
7
5,160
do
do
A & O
500 &c
2,000 000
7
50 10,000 000 10 in '06
& A Co's office, Pittsburgh
do
do
1,000
& J
2,000 lion
6 g
5 g
& O New York Trust Co, N Y
1,000
2,000 000
50
& J Union Trust Co, N Y
6
3,959
do
& J
do
1,000
6
2,250 000
do
do
1,000
& J
1,000 000
6
1,000
& J Fid Title & Tr Co, Pittsb
600 000
6 g
1,000
& O Broad St Station, Phlla
290 000
5g
1871
1862
1862
1862
RR
mortgage gold
New mortgage gold $15,000,000
Car trusts part due semi-annually
First
Amount
Value.
Road. Bonds,
Bonds
pal,
Size, or
Pittsburgh Cleveland
7
—PrinciStocks — Last
INTEREST OR DIVIDENDS.
RAILROADS.
Pittsb Ft
119
1
1
1
%
%
1912
1916
1954
PITTSBURGH TERMINAL RR.&COAL CO. Owns $1,065,000 of the
$1,080,000 stock of the West Side Belt RR., having a belt line extending
from Pittsburgh to Clairton, Pa., 20.6 m., and Banksville Jet. to Banksville
2 m., with 13 m. of sidings, a total of 35.6 miles.
Has its own river tipples
and connection with all roads entering Pittsburgh. Owns In fee about
15,000 acres of coal and 675 acres of surface lands adjoining In Allegheny
Co., Pa., which were leased Nov. 1904 to the Pitts. Coal Co. for 40 years at
$350,000 yearly and a royalty of 8 cents per ton of coal mined. V. 80, p
1236.
Capacity, over 3,000,000 tons yearly. See prospectus, V. 78, p. 703;
V. 80, p. 1480.
In 1904 the Wabash-Pittsburgh Terminal Ry. (which see) acquired the
entire $14,000,000 stock.
V. 79, p. 1024, 2086; V. 80 p. 1236.
The 1st 5s of 1902 are secured on coal lands and by mtge. of West Side
Belt RR., which guarantees them, p. & i., and by pledge of West Side
Of the
Belt stock owned. Sinking fund 8 cents per ton of coal mined.
5s, $3,314,000 were outstanding in June 1905, being pledged under the
junior 4Hs and the remaining $1,379,000 reserved for the West Side Belt
and coal land mtges. Of the consols of 1905, the present Issue ($5,500,000)
Is deposited under the Wabash Ay % notes of 1905, $7,000,000 of the
2
V. 80,
remaining $8,500,000 being reserved to retire existing liens.
(V. 80, p. 1729.)
p. 1729.
PROVIDENCE & WORCESTER RR.— Owns from Providence, R. I., to
Worcester, Mass., 44 m., of which 5 m. are owned jointly with Boston &
Providence: branches, 7 miles; total owned, 51 miles; From July 1 1892,
leased for 99 years at 10 % per annum on the stock to the N. Y. N. H. &
Hartford.
(V. 63, p. 1064.)
PITTSBURGH & WESTERN RR.— See page 179.
PITTSBURGH WESTMORELAND & SOMERSET RR. — Owns from
QUEBEC TERMINAL & RAILWAY CO.— See V. 71 p. 603; V. 77, p. 38.
QUEEN ANNE'S RR. — See Maryland Delaware & Virginia Ry.
"QUEEN & CRESCENT." — Includes Cincin. N. O. & Texas Pac, Ala.
—
Stock,
Llgonler, Pa., to Somerset, 30 miles, completed in June 1906.
$700,000, all outstanding; par, $100. Of the bonds, $100,000 is reserved
for extensions.
V. 81, p. 1849, 559. President, J. Henry Cochran;
Sec. & Tres., L. H. Allen, Ligonier, Pa.— (V. 81, p. 1849.)
PITTSBURGH YOUNGSTOWN & ASHTABULA RY. — Owns Kenwood,
Pa., to Ashtabula Harbor, O., 99 m.; Niles to Alliance Junction, O., 25 m.;
Homewood to
Jet., two miles: Lawrence Jet. to New Castle,
3 miles; Cantield Branch, 1 mile: trackage, 4 miles.
Total, 138 miles.
A consolidation Jan. 1 1906 of old P. Y. & A. RR. and New Castle &
Beaver Valley RR., the stocks of old companies receiving per two shares
See V. 82. p. 693.
($50) each) three shares of new stock ($100 each.)
The Pennsylvania (Company owns control and leases the road.
DIVIDENDS. First dividends on stocks of new company, 214% on
common and 3 VL% on preferred, paid April 25 1906. V. 82, p. 693.
BONDS. Bonds of 1887 are reserved to retire 6s. A new mtge. has
been authorized for $15,000,000 to provide for refunding old bonds, etc.,
but no bonds thereunder will probably be Issued at present. V.82, p. 753.
EARNINGS (old Co.) Year 1905 (128 miles), gross, $3,769,191; net,
$1,486,145; other
income,
$168,100: Improvements,
$8,738; Interest.
$974,454; set aside to complete certain lmpts., $162,680; dividends,
$212,051; bal., def., $22,402.
(V. 82, p. 101, 693, 753, 1380.)
Wampum
—
—
QUAKERTOWN
& EASTERN
Quakertown to Riegelsville, Pa., 15
miles. Stock, $180,000, all outstanding, par of shares, $50. Year ending June
30 1905 gross. $24,870; net, $7,022; charges, $9,330.
President, John
Jameson; Sec, Henry S. Funk; Treas., J. H. Shelly, Quakertown, Pa.
QUEBEC BRIDGE & RAILWAY CO.— V. 81, p. 976; V. 82, p. 1497.
QUEBEC CENTRAL RY. — V. 79, p. 783; V. 80, p. 998; V. 81, p. 1175.
QUEBEC & LAKE ST. JOHN RY. — V. 82, p. 281, 453; V. 83, p. 96.
QUEBEC SOUTHERN RY. — Sorel, Prov. of Quebec, to Noyan, 89 m.;
St.
—
PLACERVILLE & LAKE TAHOE RR.— V.
PLYMOUTH & MIDDLEBOROUGH
RR.
78, p. 2600; V. 81, p. 156.
— Plymouth to Middleborough,
Colony RR. for 99
Leased to Old
1892, no rental to be paid to Jan. 1 1917, thereafter
of gross earnings, 4 % on stock to be guaranteed; but
lessee guarantees at all times payment of Interest.
Mass., 15 miles.
years from Jan.
lessee to pay 30
Stock, $80,000.
1
%
—
PONTIAC OXFORD & NORTHERN RR. Operates road from Pontiac,
Mich., to Caseville, Mich., 100 miles. In April 1905 Robert A. Lounsbury
of Pontiac, Mich., was appointed receiver.
Bond int. paid to July 1906,
Incl.; V. 80. p. 1424.
Calendar year 1904, gross, $195,304; net, $40,814.
In year ending June 30 1905, gross, $190,312; net, $48,017; total deductions, $28, 899; dividends (2%), $20,000; bal., def., $882.
Stock, $1,000,000.
Dividends: In 1890, 1%; 1891, 3; 1892. 4; 1893, 6; 1894, 4; 1895
3H: 1900, 4; 1901, (?); 1902, 5. Litigation, see V. 77, p. 299. Pres.,
Hugh Porter, N. Y\ (V. 80. p. 1424.)
—
PORT ANGELES & OLYMPIA RY.— V. 81, p. 1849.
PORT ANGELES PACIFIC RR.— V. 80, p. 2622; V. 81, p.
PORTLAND & RUMFORD FALLS RY.— Owns Humford
727, 778.
Jet. to
Rum-
ford Falls, 54 m.; branch to Otis Falls, 10 m.; trackage (Me. Cent.) Rumford
Jet. to Lewlston. 4 m.. total operated 68 miles.
Controls Rumford Falls
& Rangely Lakes RR., 41 miles of track. V. 69, p. 954.
DIVID'S.
1906.
V96. '97. '98. '99. '00. '01. '02. '03. 111. '05.
Per cent
5
4
4
6
4
6
a Incl. June, 3
j
6
6
6
REPORT.— Report for 1904-5 shows:
Year
Gross
Net.
Oth. in. Int. .tax, Ac Dividends Bal. sur.
1904-05
$658,663 $280,710 $64,451
$121,158
(6) $120, 000 $104,006
1903-04
91,049
583,399 274,054 35.106
98,111
(6)120.000
(V. 73, p. 1008: V. 75. p. 612; V. 77, p. 770; V, 79, p. 1267.)
—
ANNUAL
—
—
PORTLAND UNION RAILWAY STATION. — Stock,
$50,000.
Bonds
PORT READING RR.— Owns
21.21 m. of road, completed Sept. 1892
Staten Island Sound; sldlngl and laterals,
32 m.; total, 53.2 m.
Capital stock authorized $2,000,000
par $loo.
all owned by Reading Company, $1,555,000 being deposited under Its
general mtge. of 1897 and $440,000 under Jersey Central collateral mtge.
(V. 55, p. 544, 639. 680.)
from Port Reading
Jet.,
N.
J., to
—
—
POTOSI & RIO VERDE RY. Owns a narrow-gauge road from City of
San Luis Potosl, Mexico, to Hacienda Alvarez, 40 m.
Has concessions
for 99 years, expiring Nov. 4 1985, when railroad becomes the property
of the Mexican Government.
taxes and Import
Company Is exempt from
duties for 15 years after opening.
Bonds are subject to call at 110 and
Interest on any Interest day. Pres., Robert S. Towne: Sec, C. J. NourseJr.,
82 Beaver St.. New York.
PROVIDENCE TERMINAL CO.— V.
82, p. 629, 693, 929, 1213, 1323.
total,
to St. Francois, with branch, 55 miles (former South Shore
144 miles.
Acquired at foreclosure sale In Nov. 1905 by
In Mar. 1906 It was proposed to apply for authority
Delaware & Hudson.
to Incorporate the Quebec Montreal & Southern Ry. to take over and
extend the road. V. 82, p. 510.
(V. 81, p. 1611; V. 82, p. 453, 510.
—
,
Gt. So.,
New
Orl.
&
N. E., Ala.
&
Vicks.
and Vicks. Shrev. & Pac.
RAILROAD SECURITIES CO.— Organized by
interests identified with
Central to acquire and hold securities of railroads.
Stock, compref.,
cum., $10,000,000; outstanding, common,
$3,600,000; pref., $2,000,000.
The $8,000,000 present issue of the int.
certificates ($20,000,000 authorized) are secured by a like amount
of
Illinois Central stock, interest at a 4 % cumulative rate being payable
if received from dividends on the shares pledged, the stock itseif being
deliverable to the holders of the certificates at maturity unless the option
to call at 105 is meantime exercised.
V. 74, p. 937, 1039. Dividends
on pf. in 1902 to Apr. 1906. both inclusive. 4% yearly (paid A. & O.)
On common, 1st div., 3M%, Dec. 29 1905. (V. 81, p. 778, 1044.)
Illinois
4%
mon, $10,000,000;
—
RALEIGH & AUGUSTA AIR LINE RR.
RALEIGH & GASTON RR.
RALEIGH & CHARLESTON RR. — Owns
See Seaboard Air Line Ry.
Lumberton, N. C, to Marion,
Successor March 1 1906 to Carolina Northern, foreclosed.
S. C., 41 m.
Stock authorized, $850,000. Extensions to Raleigh,
V. 81, p. 1241,1437.
N. C, and Charleston, S. C, were reported to lie proposed.
Of tile bonds (International Trust Co. "I Maryland, trustee), $350,000
are 1st mortgage prior lien is and $1,000,000 consols, the first ten coupons
on the latter to be paid in cash up to -1"„ as earned, the balanc in ten year
bject
6% Interest-bearing scrip, with Interesi payable sem
to call at par.
Of the consols $350,000 an- reserved to retire the prior
liens and S 150,000 for extensions and Improvements.
V. 83, p. 97.
Year ending June 30 1905 (old co.) cross, $46,446; net $1 ,250; total deductions, $33,456.
Pres., John Skelton Williams, Richmond, Ya.; See.
& Treas., C. T. Williams. (V. 82, p. 629; V. 83, p. 97.)
,
.
1
—
RALEIGH & SOUTHPORT RV.— Opel
\\
C.
to Fayettc-
m. or trackage; extension Lllllngton to FayettevUle,
30 m.. being completed July 1906.
1905 to Raleigh &
Successor .June
Cape Fear RR. V. 80, p. 2400. Stock authorized, $10,000 per mile.
vllle.
<;
i
miles, incl. 2
i
Consols (see table aboeel arc limited to $.s.(iuo per mile 'ofwhli h SI ,000 for
equipment), except $30,000 to be Issued on bridge over Cap
River,
Of the bonds, $167,000 are reserved to retire the old bonds. V.82. p. 929.
EARNINGS. — 12
mos., 11905-06
Cross, $64,282: net, $25,857
July 1 to June 30.
..Gross,
19,637; net,
16,210
J1904-05.
Year ending June 30 1905, gross, $49,638; net, $10,211. In 1903 04,
gross, $50,142: net. $21,652; charges, $9,199; bal., sur., $12,453.
Pres..
John A. Mills: Sec. & T'eas., F. T. Ricks. Office. Raleigh. N. C.
(V. 80 D. 2400; V. 82, p. 929.)
RALEIGH & PAMLICO SOUND RR.— V. 80, p. 1363; V. 81. p. 1101.
RARITAN RIVER RR.— South Amboy to New Brunswick. N. J., 13
miles: branches. 7 miles: total. 20 miles.
Stock authorized. $1,000,000:
Issued, $400,000; par, $100.
Dividends paid In 1902-03 and 1903-04.
4%yearly; In 1904-05.
Year ending June 30 1905, gross, $137,757;
net, $49,945; other Inc., $11,990: Int., taxes, etc., $23,629; dividends
(4^%). $18,000; surp., $20.306. (V. 77, p. 2340.)
4H%.
—
READING BELT RR.— Belt
railroad 7.4 m. In length around Reading.
Pa., opened May, 1902.
V. 71. p. 751.
Stock, $750,000, all owned by
Reading Company. Road leased to Phlla. & Reading Ry. for 999 years
from July 1 1902 for Int. and taxes and
on stock.
(V. 7-1, p. 1090.)
1
,,
READING & COLUMBIA RR. — Owns
guaranteed Jointly by Boston & Maine and Maine Central.
I
Lambert
Ry.);
—
—
RR.—
7
—
Columbia to Sinking Springs.
40 miles; branches, 14 miles; operates Marietta Junction to Chlckles,
total operated. 60 miles.
Stock, $358,373 'par. $50), of which
$788,200, together with $193,000 1st mtge., $35,000 2d mtge. and $1,000.ooo debentures, are owned by Heading Co., all except $3,1
and
$158,000 2d mtge. being deposited under its general mtge.
Year 1904 05,
gross, $333,591: net, $131,940- eharges $122,584.
1908.)
(V. 78
p.
J'a.,
6 miles:
READING COMPANY— PHILADELPHIA & READING RV.— (Sec
The Phlla. & Reading Ry. operates In connection with the great anthracite coal properties of the Philadelphia & Reading Coal & Iron Co.-|n
ring at Philathe Schuykill region. Pennsylvania, a
delphia, extending to
a/el ton and Willlanisport on the north
Map.)
1
1
Harrlshurg, Sblppensburg and Gettysburg In Pennsylvania and WilCity
mington. Dei. on the south; also east
and Cape May, on the Atlantic Ocean, and to tidewater at Por'. Reading
on New York harbor, viz.:
to
,
RAILWAY STOCKS AND BONDS.
120
RAILROADS.
Miles
For explanation
of
on
column headings, &c.
page of
first
of
INTEREST OR DIVIDENDS.
Date
of
see notes
Par
Amount
Where Payable, and by
Value.
Outstanding
Whom.
—
—
M
$2,000,000 6 In 1905
992,000
4 g
350,000
4 g
500,000
4
300,000
4
1,500,000
5g
m
—
M
—
—
3,500,000
1,500,000
|
350 000
200 000 See
137 000
30 000
300 000
400 000
650 000
350 000
1
—
——
—
M
—
%
M
M
,
Lines owned in fee.
Phil, to Mt. Carbon, &c.,
Leased
Miles.
Itnes
— (Con.)
Wilmington & North. RR.*..
.129.18 Phlla. & Reading Term. RR.
59.22 Reading Belt RR...
and
branches
Lebanon Valley branch
Lebanon & Tremont branch.. 65.28
Mahanov & Shamokin branch. 59.86
Schuylkill
&
Miles.
88.4
1.3
7.4
Tot. leased (2d track 278.3) .646.4
Entire stock owned
5.3
1.86 Chester & Delaware
Susq. branch
—
53.37
West Reading branch
RR
|
Rupert
& Bloomsburg
1.6
6.3
Total (2 tracks. 182 miles) .368.77 Middlet'n & Hummelst'n RR.
Tamaqua Hazleton & N. RR.
9.9
Lines leased
(See each Co.)
Controlled—
Colebrookdale RR
12.8
11.2 Central RR. of New Jersey. .. 640.4
Pickering Valley RR
35.4 Reading & Columbia RR.*
39.6
Pennsylvania RR.*
East
13.8
4.5|Lebanon & other branches
Allentown RR.*
6.4
31. 5 Read. Marietta & Han. RR..
Little Schuylkill Nav. & RR.*
25.9
42.0|North East Penn. RR.*
Mine Hill & Schuy. Haven*.
23.9
2.5|Phlla. & Chester Valley RR.*.
Mt. Carbon & Pt. Carbon RR.*
Mill Creek & Mine H. RR.*..
3.8 Atlantic City RR. & branches* 167.6
6.9
11. 0| Cape May Del. Bay & Sew. Pt.
Schuylkill Valley Nav. & RR.*
1.5
10.9 Ocean Street Pass Ry
East Mahanoy RR.*
29.5
Shamokin Sunbury & L. RR.* 31.3 Catasauqua & Fogelsv. RR
Harrlsburg Ry.* 34.1
Phila. German. & Nor. RR.'.
29.9 Gettysburg &
38.3
Chestnut Hill RR.*.
4.0 Perkiomen RR.*.
21.7
103.0 Phil. Newtown & N. Y. RR.*.
Catawissa RR.*
_.
21.2
0.4 Port Reading RR.*
Norristown June. RR
10.1
0.8 Stony Creek
Norrist. & Main Line Conn
86.5 Philadelphia & Frankford RR*
2.6
North Pennsylvania RR.*
(•See this company.)
Delaware & Bound B. RR.*.. 33.8
46.9
Schuylkill & Lehigh RR.*
Total controlled
Phila. Har. & Pitts. RR.*
47.1
1,106.5
2,121.7
Total system July 1905 (2d track, 785.2 miles)
From the company's docks at the extensive terminal at Port Richmond
It operates a line of steamers and barges In coastwise coal traffic and provides berths with elevators and accommodations for several trans-Atlantic
steamship lines. In Jan. 1901 control of Central RR. of New Jersey was
acquired (V. 72. p. 86, 340. 392, 676; V. 73, p. 847).
STOCK. The Baltimore & Ohio and the Lake Shore & Michigan
Southern are jointly In virtual control, having acquired In 1903-04 over
$60,000,000 of the $140,000,000 stock, consisting largely of preferred
V. 76, p. 102; V. 77, p. 350; V. 79, p. 2432.
Stock.
The company has the right to convert the 2d preferred stock Into one-half
See V. 64, p. 709.
first preferred and one-half common stock.
ORGANIZATION. 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 plan In V. 61, p. 1109. See V. 64, p. 709.
The "Reading Company" in the reorganization acquired the security
holdings, real estate, equipment, &c, of the old Phlla. & Reading RR. Co.;
also the (20,000,000 stock and $20,000,000 bonds of the Phlla. & Reading
The right to mine
Ilu. and the $8,000,000 stock of the Coal & Iron Co.
coal, given by the charter. Is protected by the State Constitution of 1873.
See V. 82, p. 393.
—
|
I
1
|
—
|
|
1
RR
—
—
PROPERTY OF READING COMPANY.
Hallway equipment leased to Ry. Co
$22,594,610
._
ppurt. to RR. (ami. revenue about $175,000)
Colliers and barges leased to Ry. Co. for $1 15,000 yearly
a
17,417,86(1
_
2,586,609
9,303,222
and new equipment
Phlla. & Heading By. stock $20,000,000 and bonds $20,000,000 par.
delphla & Heading Coal & Iron stock at par
Miscellaneous securities at par (In 1896 yielded $765,000)
Mtges. and ground rents at par (not under '96-97 mtge)
Ini. In Phila. A Heading Coal & Iron above securities owned..
Claims against other companies, &c
I
Total July
1905
1
(
ee
V. 81, p. 983)
40,000,000
8,000,000
73.4 15,586
373,395
79,185,760
6,079,638
$257,906,682
PROPERTY OP PHILADELPHIA & READING COAL & IRON
CO.
Coal lands owned, 91,640 acres, with Improvements
$72,738,715
Coal lands leased, 7,323 acres.
d, (659,965; New York and Eastern depots,
$707,002;
d< pots, $489,421; coal on hand and other
en.
8,145; depletion fund, $944,976
10,357,509
Stoek- and bond, of companies controlled, nearly all of which
are collateral foi
eati id prior to 1896.
0,672,1.17
Stocks, bonds and mortgages
889,965
'
per books, June 30 1905
ind bonds, $1 ,.'120,000,
liabilities, $1,984,121; total
$93,608,326
.
'
oi la
1
ere
and current
!
SINKING FUND.
Whenever,
$3, 304, 121
any year, a dividend
paid on the
stoek. an amo
be paid slmultaneou ly to Che trustee equal to 6
cents per ton on all coal mined bs the Coal & Iron ompany during the pre
lend so declared exceeds thai sum;
ceding year, if thi
U equal the dividends so declared. Under
otherwise such
(no1 callable) were purchased and canthis provision general mortgage
In \leh. 1900, $433,000; In 1901, $891,000; 1902, $448,celed as follows:
000; 1903, $253,000; 1904, $495,000; In Mch. 1905, $448,000.
DIVIDENDS -Parol 1900. 1901. 1902. 1908. 1904. 1905, 1900.
In
Is
Q—M
10
Hospital Tr Co, Prov.R
J Quakertown, Pa.
1,000 000:
750
70,000
28,000
42,000
70,330
23,000
000i
1,295
576
1,400
609
1,248
g
In
in
in
%
Apr 11906 2%
Jan 1 1952
N Y
li
1
1
4
8
2d preferred
1
ommon..
First dl v.
on common
BONDS. —The
1
,
.1
1
4
4
o
pref< rred
j^
4
4
4
4
May,
2
None. Below.
..
...
4
paid Feb.) 1900; lug., 2%,
V. 80, p. 2622.
General Mortgage
(abstrai
V. 64, p. 613), are secured
piedgi of all properties and securities ombrat ed In the reorby use or the
ganization, and also all oilier property acquired
new bonds. The mtge. is also subject only to the bonds lor which reserva1
1
I
1
1956
1958
1943
1
1
1
June
& D New York
& J New Jersey Title G & Tr Jan
Phlla & Read RR, Phlla Mar
g
g
5
4
6
do
do
do
do
Reading Term Bldg, Phil
J P Morgan & Co, N Y
do
do
do
do
1906
1905
1905
4 g
4 g
4 g
P Morgan &
1965
1939
1912
1912
1917
1950
1906 2%
Sept
Dec
Sept
Aug
1
Sep 10
May
Co,
N Y
'06
10 '06
Jan
1
April
J
1
2%
2%
1997
1951
Girard Trust Co, Phlla
When drawn
Drexel & Co, Phila
To July 1907
Reading Term Bldg, Phil Sept 1906-1909
4 g
414 S
Ay g
2
do
do
4Ke
Nov'06-Nov
To Aug 1910
do
do
'09
Is made, based upon properties or securities of all the lines of railroad
owned, including the Phila. & Reading Ry. Co. proper, 365 m.; various
tion
all the property of the Coal & Iron Co., or the
equipment valued at about $18,000,000, also marine
equipment. Also a first lien upon a majority of the stock of various companies owning 453 m. of railroad, and also on various bonds list In V. 04,
Of the $185,000,000 4s of 1897, $51,206,000 were in July 1906
p. 613, 709.
reserved to take up undisturbed bonds and $8,000,000 for construction,
equipment, &c., at not over $1,5011,00(1 per annum; of the Issue $'.',957,000
had been canceled by the sinking fund and $2,507,000 of the bonds issued
had not been sold. V. 77, p. 2099.
Improvement mortgage 6 % bonds of 1873 due Oct. 1 1897 were extended
at 4 % for 50 years from April 1 1897. payable In U. S. gold, and guaranteed
principal and Interest by the Reading Co.
V. 64, p. 470; V. 65, p. 516.
The consol 5s of 1882 for $5,673,042 were also extended at 4 % till Mch. 1
1937, the Reading Co. and the Coal & Iron Co. becoming responsible.
See V. 65, p. 870, for contract. V. 65, p. 152, 870.
Terminal mortgage bonds, see V. 64, p. 85 and V. 60, p. 732.
For ten-year sinking fund loan see Jan. 1895 "Supp." The bonds were In
1902 extended to Feb. 1 1932 at 4 %, p. & I. being guar, by the Reading Co.,
and sink, fund reduced to $30,000 yearly. V. 72, p. 242; V. 74, p. 206.
The Philadelphia Subway Loan Is payable after 10 years from date in 20
annual Instalments, to secure which $500,000, bearing interest, has been
deposited, and $100,000 yearly Is being set aside In monthly instalments.
See V. 58, p. 1110; V. 62, p. 950; V. 63, p. 881; V. 71, p. 758. In Jan. 1906
made an agreement with the city of Philadelphia for removal of grade
crossings, the city to contribute one-half.
V. 81, p. 1437; V. 82, p. 281.
The Jersey Central collateral trust bonds ($23,000,000 present Issue) arc
secured by deposit of $14,500,000 Cent. RR. of N. J. (cost $23,200,000) of
the $27,213,800 stock outstanding, $1,495,000 Perkiomen stock and $440,000 Port Reading RR. stock, the remainder of the $45,000,000 authorized
being reserved to acquire the minority stoek of the Central Co. They are subject to call (since Apr. 1906) on any interest day at 105 and interest, on 60
.See abstract of mortgage, V. 72, p. 487; V. 73, p. 847.
days' notice.
The Wilmington & Northern stock trust certificates are secured by deposit
of $1,495,000 out of $1 ,500,000 W. & N. Stock.
V. 72. p. 340.
Car trusts of 1899 see V. 69, p. 1346; V. 71, p. 759. The $3,200,000
leasehold lines, 635 m.;
securities thereof;
—
ear trusts of 1901 cover 10 passenger and 38 freight locomotives, 1,000 steel
They are additionally secured
coal and 500 gondola cars, 500 box cars.
by $833,000 of the general mortgage 4s, which may be withdrawn as the
V. 72, p. 822.
Real estate mortgages and ground
car trusts are paid off.
Reading Co., $1,346,672; Phil. & Reading Ry., $257,069.
rents:
LATEST EARNINGS.— From
July 1 to May 31 (11 mos.) results were
Coal & Iron
Read. Co. All Cos.
Gross.
Net.
Net,
total net.
P.&R.Ry.
11 mos. to
31.
Net.
$
Gross.
May
$
$
$
$
$
1905-06. 36,959,117 14,020,798 30,769,300 1,549,553 1,411,695 16,982 047
1904-05. 34,004,155 15,461,892 33,363,716 2,379,111 1,276,301 19,117.305
Charges all companies 1 mos. 1905 06, $9,553,500; balance, sur. ,'$7,428, 547
do
do
1904-05, 9,724,124; balance, sur., 9,393,131
1
ANNUAL REPORT.— Report
for 1904-05 was given at length in V. 81,
See also editorial p. 946.
1905.
Years ending June SO.
1904.
1003.
Railway company Receipts
$34,939,396
$37 ,495,719
$32,429,791
Expenses (lncl. renewals, &c.).. 20,490,786
21,148,592
20,593,263
p. 970, 978, 1170.
—
Net earnings
&
Coal
Iron Co.
...$17,004,933
...$36,099,420
... 35,827,507
$13,790,804
$35,251,174
3 i, ol 8, 724
$11 ,836,528
$271,9 13
6,966,019
$1,232, -150
0.849,685
$1,147,993
6,431,711
...$24,212,855
14,683,967
$21,8 2,938
$19,416,232
14,465,222
$9,558,888
$19,696,353
— Receipts.
Expenses
$7,283,631
$14,406,456
(in ,120,000
j^) 1,470,000
Net earnings
Reading Co. Net Income
—
Net earnings all Cos
Fixed charges and taxes
Surplus
Accumulated surplus...
(n 1,120,
Dividends on 1st prof
Dividends on 2d prcf
Dividends on common
Surplus end of year
.
1
,680,000 (3
(4)1
$23,279,241
22,131,248
14,589,3(17
$4,951,010
$9,357,623
(1)1,120,000
(3^)2,150,000
(all
COS.). .$14,445,353
$11,816,456
$8,237,623
OFFICERS.
-Pres.. George F, Baer; V.-P. and Sec. W. R. Taylor;
Treas., Richard Toll; Comptroller, George Zlegler.
Directors.- Joseph S. Harris, George I. Baer, Henry C. Frlck, E. T.
Stotesbury, Henry \. i>n Pont, Henrj P. McKean, Samuel Dickson,
Charles Steele and II. MeK. Twotnbly.
Office, Reading Term. Building,
Philadelphia.— (V. 82, p. 220, 281, 308; V. 83, p. 97.)
RENSSELAER A SARATOdA RR.— (See Map
Embraces 102
Delaware
miles, viz.:
Hi),
1
.1
owru
hi
Troy
to
ii
Lake Ohamplaln
—
Miles.
70
iisril
&
—
1
1
1918
'June 30 '06 2M
Oct 1 1947
Jan 1 1927
Dec 29 '05 3,MS
I
Tr Co, Bait Feb
Feb
do
do
S Knickerbocker Tr Co, NY Mar
4 g
000 4
000 4
000 4
000
000
000
000
000
ooo
000
1
A
6 g
5
5
Oct
1H
1
A International
4 g
text
5
2 1926
1927
Feb 1 1934
July '27-Jan '29
Jan
1941
Providence
Office,
A & O
'06
Nov
Aug
New York
82 Beaver St,
180.000!
5 g
J
&
3,486,420 See text. See text.
1,936,900 4 In 1905 A & O
8,000,000
4 g
J
& J Office, 120 B'way,
—
——
O
4
June 15
J
J Philadelphia
6g
487,000
—
Last
Dividend.
Stocks
Portland, Me.
Old Colony Trust, Boston
Boston and Portland
Portland, Me,
Portland, Me, & Boston
N
A
A
— Princi-
When Due.
pal,
$100
Portland & Rumford Falls Stock
641 1896
1,000
Consol (now first) mortgage $1,000,000 gold._OB.c*
500 &c
... 1897
Plain boiuls sinking fund gold §350.000.
C
500 &c
___ 1904
Collateral trust bonds 5500.000
... '87-'89
1,000
Sta
guar s f
Portland Union Ry
1st
Ser "A" & "B"
21 1891
1,000
Port Reading— 1st M gold guar by old P & R.PeP.c'&r
Potomac Valle> See Western Maryland.
40 1898
1,000
Mo.c*
Potosi & Rio Verde
1st
$15,000 p
s f
Providence & Springfield See New York New Haven & Ha rtford
Providence Terminal See New York New Haven & Hartf ord.
51
100
Providence & Worcester Stock (10% rental)
SI 1897
1,000
(refunding) cur $1,500,000 (V63. p 1064) _c*
First
500
15 1897
Quakertown & Eastern First mortgage gold _. OuP.c*
100
Railroad Securities Stock common $10,000,000
100
Preferred stock 4% cumulative $10,000,000
... 1902
1,000
111 Cent stock lnt certs cum gold Ser A red 105. _ Us
Raleigh & Gaston See Seaboard Air LI ne Ry.
Raleigh & Augusta
41 1906
200 &c
c*
1st pr lien bds g red text
Raleigh & Charleston
41
1900
200 &C
c*
bonds $1 ,000,000 gold red text
Consol M
32 1903
1,000
Raleigh & Southp H & C F 1st M $310,000 gold.K.c*
32 1904
Equipment and Improvement mortgage gold
62! 1905
K
Raleigh & Southp cons mortgage $2,000,000
20 1889
1,000
c
Raritan River RR first mortgage gold
40 1862
100 &c
Reading & Columbia First mortgage (ext In 1882) _c*
40 1864
1,000
Second mortgage coupon (extended in 1884 & 1904) c
1877
c
1,000
Debentures
1,000
Y. 4 1900
Reading Belt 1st
gold $750,000 gu p & 1 (end) GP c*
50i
Reading Company Common stock
50
non-cumulative
First pref stock 4
50
Second preferred stock 4 % non-cumulative
1897 1,000 &c
Gen
$135,000,000 g s i not subj to call_.Ce.c*&r T.xt.
PeP.c*&r
1901
1,000
Jersey Cent coll tr
g red 105
1900
1,000
Wilm & Northern stock tr ctfs gold red at 105-GP.r
1899 "~
Car trusts $252,000 semi-annually
GP
1901
Y.666
Car & marine trusts $200,000 semi-annually
1,000
•Equipment trust Series C gold $87,000 semi-ann
1902
1,000
do
Series D gold $156,000 seml-ann..
do
—— M
—
—
Bonds
Size, or
Road. Bonds.
tables.
[Vol. lxxxiit.
Fl
\
Leased [Continued)
Edward to Caldwell
.
erraoni line to Oat
Bi Idge, \.
vt
Hudson.)
—
Miles.
16
7
leton, vt
., to
Rutland,
1
14
Troy to Waterford Jot., <fcc
15
62
Schenectady to Bauston
sr to the Delaware & HudLEASE. -Leased in perpetultj March
son, which, June 1901, owned $800,000 ol stock; rental, 8 98 <>n the stock
and Interest on bdnds. (.uaiant on StOok, V. 36, p. 773.
">
1
Year
—
cross.
1908-04
1902-08. ---
— (V.
Net
1.
Bal., Ctf.
$603,063
284,744
701,238
.,977
.
RICHMOND PRBDERICKSBURd
to (Juantlco, 79 miles;
Rentals.
$1,076,321
;
$8,202,260
3.299,118
73, p. 337; V. 71. p. 1088; V.
mond, Va.,
1
1
\
1147.)
& PO rOMAC RR.— Owns from RichJames River branch, 3 m.; leases Con-
July, 1906.
RAILWAY STOCKS AND BONDS
121
RAILWAY STOCKS AND BONDS.
122
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation of column headings, &c.
on first page of tables.
Date
of
of
see notes
Par
—
M
& £..c&r
ext In '60 Phila to Pottsvllle $
&£
$
1,000
500 &c
1,000
200 &c
500 &c
1,000
— Common stock
Dividend obligations (same dlv as common stock)
Stock guar 7% except $19,300 guar 6%.
Ce.c*&r
Consolidated mortgage $500,000 gold
General mortgage $4,000,000...
Rich & Meek— 1st M $315,000 gold (V 69, p 391). ..c
Richmond & Petersburg See Atlantic Coast Line RR
Rich- Wash Co Coll trust gold guar red 105._N.c*&r
Rio Grande Junction Stock
Ce.c*
First mortgage gold guaranteed
Rio (irande Sierra M & Pac 1st M g $20,000 p m..Ce
Rio Grande Southern First mortgage g $2,277,000 gu
Rio Grande Western See Denver & Rio Grande.
Rochester & Genessee Val Stock 6 % rental Erie RR
Rock Island Co Common stock $96,000,000
1871
•
82
"5i
—
—
—
—
—
1890
1903
1898
1,000
1,000
1903
62
156
180
—
—
%
&c
M & N
—
R
7
9
9
7
7
6 J*
7 8 y'rly
%J6^
the gen. 3Hs of 1903 due Apr. 1943 ($4,000,000 authorized), $3,500,000 were Issuable for double-tracking and improvements (of
which $2,300,000, outstanding, Is owned by Richmond- Washington Co. and
pledged under its mtge. V. 81, p. 1178), the remaining $500,000 being reserved to retire the consol. 4Hs at maturity. See V. 77, p. 2388, 2391.
Gross, $1,377,229; net, $478,922
EARNINGS. 10 mos. ,11905-06
388,176
July 1 to Apr VI 30.
Gross,
1,225,709; net,
J1904-05
REPORT. Report for year ending June 30 1904 was In V. 80, p. 159.
In 1904-05, gross, $1,598,189: net, $545,374; other Income, $9,448; charges,
$113,567; dividends, $257,535; extraordinary expenditures, $100,000: bal.,
sur., $83,720. In 1903-04, gross, $1,522,332; net, $500,831; other Income,
$12,270.— (V. 78, p. 769- V. 79, p. 2457, ?748.)
dlv. obligations
BONDS.— Of
—
—
RICHMOND & MECKLENBURG RR.— Keysville, Va., to ClarkesvUle,
Va., 31 miles. Road Is leased by Southern Ry. Co. for 50 years from Nov. 1
1898 for Interest on bonds. (V. 69, p. 391.) Stock, $357,900 (par $100), of
which $300,000 owned by Southern Ry. Co. (V. 71, p. 1121.)
—
RICHMOND & PETERSBURG RR.— See Atlantic Coast Line RR. Co.
RICHMOND-WASHINGTON COMPANY. — Controls a "union" line,
Washington, D. C, to Richmond, Va., 115 miles, in the joint Interest of the
following roads, viz., the Pennsylvania.RR., Baltimore & Ohio RR., Atlantic Coast Line Co., Southern Ry., Seaboard Air Line Ry. and Chesapeake &
Ohio Ry., each of which owns one-sixth of the $2,670,000 capital stock;
operation began Nov. 1 1901. The entire road Is to be double-tracked.
Dividends in 1902, 3%; 1903 to 1905, inclusive, 4
yearly.
V. 75, p. 78.
Incorporated on Sept. 5 1901 and acquired $947,200 of the voting capital
stock of the Richmond Fredericksburg & Potomac RR. and the entire stock
of the Washington Southern Ry., extending from the South end of Long
Bridge, across the Potomac River, to Quantlco, 36 miles.
The collateral trust 4s of 1903 ($11 ,000,000 authorized Issue) are guaranteed, jointly and severally, principal and Interest, by the six roads named
above- of the bonds, $8,500,000 have been sold for double-tracking and Improvements. V. 77, p. 629, 695; V. 78, p. 584, 1393. See list of collateral
and form of guaranty. V. 77. p. 2391; V. 81, p. 1178. Cal. year 1905. Int.
on Investments and deposits, $381,743: Int., taxes, &c $281,409; dlvs.
(4%), $106,800: bal., def., $6,566.— (V. 81, p. 1178.)
%
,
RIO GRANDE JUNCTION RY.— Owns road Rifle Creek, Col., to a connection with the Denver & Rio Grande at Grand Jet., 62 miles. This Is a
connecting link In the standard-gauge route between Ogden and Denver
and Colorado Springs. Leased by Colorado Midland Railway and Denver &
Rio Grande at 30 % of gross earnings, which companies Jointly and severally
guaranteed the bonds, prln. and Int. First dlv., 1898, 80cts.; 1899, $1 20;
1900, $1 96; 1001, $3 75; 1902, $4; 1903. $3 90: 1904, $4 25: 1905, $3 75;
$4 25.
Year 1904-05, gross, $619,381; rental, $185,812. (V. 78,
—
2385.)
p.
In Mexico
1806 Incorporated In N. Y State In June 1897, being completed from Cludad Jim / .i.i San Bias Mountains Lake. Gii'man, Sablnal and San Pedro
mining region to Terraias. 162 miles. In Oct. 1904 the road was sold to W.
C. Greene Pn
Ireene Consolidated Copper Co.' and associates, conlon Erom Terra7as to Deldrlck, 135 miles, being suspended
In June 1905
V. 70. p 1462, 2086, 2458; V. 8(1. p. 1112. Capital stock is
13, 20,000 ($20,000 per m.) and bonds arc authorized at $20,000 per rpl'c.
.1.
'..lies, 24 Broad St., N. Y.
(V. 80,
In
.
'
—
'
1112.)
p.
—
GRANDE SOUTHERN RR.— '.See Map
RIO
IHnver <t Rio Gran-le.)
row gauge road Rldgeway, Col southerly to nurango, 162 miles.
and branches, ih m. Stock, $4,510,000, Nov. L5 1905 $3,158,200 owned by
A Rio 'Jr. Sec V. 63, p. 404. Mtge. abstract, V, 54. p. 163. and appll
cation to .v. y. Stock Exchange In v. 54, [> 446. Of tne bonds, $2,277,000
arc guaranteed t>y IJ. \ R. O, V. 70, p. 701 Sec guaranty, V. 70, p. 1295,
.
For
1
1
months,
1
r.r^ss.
$510, 194
month., end!
<
..City Treasury
i
1
Fo
386
.'<!
$u»H.n:>()
8192,010.
9 13
Balance,
cr,iir,ifi.
$iiiCi,hI8
$8,.
(0
80
— (V
BUr.$34,689
198,060
BUr, 14,602
net. $206,984; other In-
nurp'us
71
,
July 1 1942
July 1 1910
July 1 1910
July 1910
Oct 1 1933
June 1 1911
April 1 1947
Mar 1 1937
May 1 1941
To 1921
& A Reading Term Bldg, Phil Feb 1 1932
& J Del & Hudson Co, N Y July 2 1906 4%
M & Nj
do
do
May 1 1921
& J Philadelphia & Rlchm'd July2 '06 4 }* %
IJUly2 '06 4>^%
& J
do
do
M & Nl
do
do
May 1906 4^ %
& OiN Y, Phila or Richmond April 1 1940
& 0,N Y, Phila or Richmond! April 1 1943
M & NJ P Morgan & Co
Nov 1 1948
J
& D New York Trust Co, N Y June 1 1943
Yearly JMaitland, Coppell &Co March "06 4 X %
J
& D 52 William St, N Y ] Dec 1 1939
J
& J Company's office, N Y July 1 1917
J
& J Maitl'd, Coppell &Co,NYl July 1 1940
J
& J Erie RR Co, New York July 1906 3%
Checks mailed
Q—
do
Nov 1 1905 1 %
ill no Is, & c.
1
1
U be resp
MUes
.Vf.'Jes
ISL SYST.
St. L.
6,866
i52
70
& Pac. 6,705
& El Paso.. Ill
& Gulf
389
K. C. & C. and
Ch. Rock
Ch. R. I.
Ch. R.I.
?.!«
161
41
ated.
459
Isl.
K. C. R.
z
above
Mile*
FRISCO SYSTFM. oper.
St. L. & San Franci«™ 4,055
Ft. Worth & Rio Grande 196
St. LSanF. & Tex. &c.»142
Chicago & Eastern 111.. 947
age.
St. L.
Mem.
So. East
ft
681
304
304
I
m arked
Total
under
cmstr'
over
ROCK
onslble foriall old.bonds
Total Frisco
6,022
Total Rock Island a7,509
272
07.781
•Includes Paris ft Gt. Nor.
alncludes leased lines & trackage, 764 miles.
17 miles.
The Chic. & East. 111. controls Evansvllle & Terre Haute, 331 miles.
In April 1906 extensions of the system were arranged from Fort Worth
and Dallas, Texas, to Galveston, Houston and New Orleans. See V. 82,
p. 870, 988, and Chic. Rock Isl. & Pac. Ry. and St. Louis & San Francisco.
STOCK. Common stock authorized, $96,000,000; preferred, $54,000,000.
The stock of the controlled companies Issued and acquired, and the
amounts of Rock Island Co. stock issued therefor, follow; V. 76, p. 1408
Total
Total
Rock Isl. Co. issues.
—
—
—
Common.
acquired.
issued.
Preferred.
Ch. R. I. & Pac. Ry... $74,842,600 $69,929,200 $69,929,200 $48,950,440
St. L. & San. F. com.stk. 29,000,000
28,881,900 19,495,283
$103,842,600 $98,811,100 $89,424,483 $48,950,440
Total
The preferred stock Is preferred as to capital and also as to non-cumulayearly for 1903 and thereafter to and Intive dividends at the rate of 4
for 1910 and thereafter to 1916, inclusive, and therecluding 1909, then 5
after 6 %.
The preferred stockholders are entitled to elect a majority of the
directors.
The authorized amount can only be increased with the consent
of two-thirds of each class.
DIVIDENDS. Dividends on pref., Feb. 1903 to Nov. 1905, both Incl.,
1% quar. (Q.-F.); none since to July 1906. See V. 81, p. 1793; V. 82, p. 49.
BONDS. As to Chicago Rock Island & Pacific Railway refunding mtge.
of 1904, of which $25,558,000 was sold In Nov. 1904, see that company and
V. 78, p. 228, 234: V. 79, p. 1716, 2206.
as to securities, rights of shareholders, &c, V. 75, p. 1157.
EARNINGS. For results of operations of the Chicago Rock Island &
Pacific Ry. and Its leased and auxiliary lines (forming the "Rock Island
system"), and of the St. Louis <fc San Francisco lines ('Frisco system), see
those companies In this Section; also the Chicago & Eastern Illinois. The
reports of the co's named were given In "Chronicle" of Oct. 21 1905.
The combined Income account of the Rock Island Co. and the Chicago
Rock Island & Pacific Railroad for the year ending June 30 1905 (see report,
V. 81 p. 1 238) is as follows:
1904-05.
1903 04.
Dividends on Chic. R.II.'.&.P. Ry. stock owned
$5,481,123
$5,564,592
%
%
—
—
STATEMENT
—
,
,
Other Income
28,877
64,817
$5,510,000
$36,519
..
3,647,373
1.950,210
Total Income
Expenses and taxes
Interest onC. R. I. & P. Railroad bonds
Dividends paid (4%)
$5,629,409
$56,924
3.495.113
1,947.608
Balance for year
def.$124,102 sur$ll'9,764
of Board. B. F. Yoakum; Pres., Robert Mather;
D. G. Reld. V.-P., Ass't Treas. and Ass't Sec, George T.
OFFICFRS.- -Chairman
Treas. and Sec.
Hoggs.
Directors
W. B. Leeds,
Wm. H. Moore. D. G. Reld. F. L. Hlne. Geo. G.
McMurtry, James Speyer, D. G Bolssevaln and Ogden Mills. New York;
Cable, Robert Mather, James H Moore and John .). Mitchell, ChicagoR. R.
B. F. Yoakum, James Campbell, St. Louis; H. C. Frlrk, Pittsburgh. I a.-
Geo. T. Hoggs, Kast Orange. N, J.
Wm. H. Moore. Chairman; James Spevcr, Robert
Finance Committee
Mather. D G. Held I, 11. Moore F. I.. Bine and B.
Yoakum
—
!•'.
\<w York
Broadway.— (V.
office, 71
82, p. 281, 335, 870, 929, 988.)
ROCK ISLAND & PEORIA RY.— Sec Chic Hock Isl. & Pac. Ry. Teased
by the Chic. R. I. & Pac for 999 ears from June
1902 for fixed charges
P. In L908 acquiring title by deed, the
and 6% on the stock, the C R. i.
V) 700 stock unexchanged for Its own stock being guaranteed dividends at
\
1
.\-
% yearly, payable J. & J.
ROCKPORD UliLT RY.— V. 80, p. 2459
ROME & CLINTON RR.— Owns road 'rom Rome
Leaved In perpetuity
mile*. Organized in L869
son Canal (now I). A: ii.) Co. and operated bj \
In
to Clinton. N. Y., 13
isol to Delaware a Hud-
~\
.
.
ROME WATERTOWNI* OO.DENSBI RO RR —
Ontario
for year, $14. (ids
In
p. 389.)
it
Western,
Mav
(,s,,
V. V. Central
owns fri
inr. BR.)
vFalls to Massens Springs, N.
v.. :iui miles, less 27 m., Richland to East Oswi
d from the Oswego
& Rome lilt and Suspension Bridge to Lewlston Jot., n>.; and traokage to
m branches to Cape VinSuspension Bridge, " m.; Richland to Home.
iki m.; total owned, u-i miles
cent, Ogdensburg, Pulaski, Fulton. &c
Lease' utlca & mack River Hit i$i.i 10.000 .'i 12,223,000 Btoch owned)
I't'ca to Ogdensburg and Clayton branch, 150 m.: Oswego & Rome RR.
($202,200 of 8214.000 tocli owned
gars Falls Brancb
:i
miles; Carthage Watertown ft Saoketts Hart or. 29 m.; total, 629 miles
LEASE, in 1891 teased during corporate existence and renewals to N.Y
he debt and guar. 5
on stock; guaranty, sec v.:>2
Central, which
lilvcr is leased In perpetuity,
p. -ic.'s.
on stock guar)8.)
(V.
ed,
v. Y O, a 11. r. RR.)- Controls Rutland
RR. ISee Wopj
nul
CO., and opi
InlcagO,
litis Into
int h.
eal
over
and to Troy and
Quebec Southern ana Canadian Pad
over BosV 0. ft H H lilt.
V.75,p. 10
\//\
RR.
Miles,
v\
to Ob
ftc
18
Hud.
31:
OW
.x<t
Guaranty Trust Co, Phila May 20 1942
—
GRANDE RR— V. 81, p. 212, 1666.
GRANDE SIERRE MAORI: & PACIFIC RR.— Organized
RIO
RIO
Dividend.
l
—
nection RR. in Richmond, 1.25 m.; total, 83 m.; being double-tracked. The
dividend obligations carry no voting power. Rich. & Petersb. Connection
RR. stock of $140,000 receives 8 % dividends under lease. The R. F. & P.
RR. guaranteed stock Is secured by mortgage.
The Richmond-Washington Co. (see below) In 1901 took over $947,200
of the $1,316,900 common stock, and "union" line of that company has been
operated by Rich. Fred. & Potomac officials since Nov. 1 1901. V. 74,p. 149.
DIVS. on stock and \ '94. '95. "96. '97. *98. '99. '00-04. '05. 1906.
,
|
& J
do
do
& J Philadelphia and London
J
& J Reading Term Bldg, Phil
J
& J
do
do
A & 0|
do
do
J
& D
do
and London
& O Reading Term Bldg, Phil
iA
M.
do
& S!
do
Q— Prov Life & Trust, Phila
100
555,200
6
18
100 89,448,800
100 48,956,800 See text.
Preferred stock (see text) non-cum $54,000,000
StL ouls & San Fran Cisco RR, C|hlc & E I
Bonds See Chic R I & Pac RR, Chic R I & Pac Ry
Note General mortgage of 1897 requires that the
eading Co an d Readln g Coal & Iro n Co. sha
y Only $16,000 are 3s.
——
Whom.
J
J
8,500,000
4 g
2,000,000 \\i in 06
2,000,000
5g
2,000,000
6g
4.510,000
4g
100
1,000
1.000
1,000
1889
1897
1890
Where Payable, and by
When Due.
1,290,000
4g F
10,000,000
8
J
2,000,000
7
1,316,900 9 in 1906 J
1,072,000 9 in 1906 J
500,400 8H In '05
500,000
4H g A
2,300,000
3H A
315,000
4g
1,000
100
1,000
100
100
100
1,000
1892
192
79
When
Payable.
Rate
$500,000
5g
809,000
5g
1,512,700
6
954,000
6
79,000
4H
2,696,000
5g
18,811,000: 6g &7
9,363,000
4 g
5,766.500!
4g
8,500,0001
5g
2,443,500 y 3 &3H
$1,000
1,000
'94-'98
—
Richmond Fredericksburg & Potomac
Amount
Outstanding
1897.
94 1843
94 '44-'49
1857
148 1868
254 1871
325 1873
327 1882
1891
zMortgage loans of 1844, 1848 and 1849
c.&r
zMortgage loan of 1857 convertible
c
zMortgage loan of 1868 gold extended In 1893. .c&r
zConsol mortgage ($8,162,000 are gold 6s)._FP.c&r
zlmp Mgold ext In '97 (See V 65, p 870) g.PeP.c&r
zConsol mortgage 5s ext In 1897 (V 65, p 278) ..c&r
c*&r
zTermlnal mortgage gold (see V 64, p 85)
zPhUadelphla City Subway Loan guar $3,000,000..
Philadelphia & Reading Coal & Iron
z
zCol s f gold loan (RR) guarp & (extended In 1902
Rensselaer & Saratoga Stock 8 % guar D & H (end)
c*&r
First mortgage consolidated Interest rental
pal,
Value.
Road. Bonds,
—PrinciStocks — Last
Bonds
Size, or
Reading Company (Concluded)
Old Phila & Read RR Bonds Underlying General Mortg age of
1892
Delaware River Terminal purch money M gold-.c*
1892
Delaware River Term ext purch money M gold-.c*
zFlrst
[Vol. lxxxiii.
'•)
1
1
;
.
i
I
RIO
ORANDE WESTERN RR.-
ROCHES! ER &
in miles
r9
p.
("I
Leaned July
2488
NBSSBB
H7i in
l
& Rio Grande RR.
Sec Denver
ALLI. Y RR. Avon to ROQDMter, \. Y.
perpetultj t> B'le Ry
Rcnta'., in ui2.
V
)
ROCK Island CO.— (Acs Mapt,
in July 80
902 and ai
(8145,000 000) of lb* Cbtca
bonds, together with
o
page%
1
16
1
17.)— Incorporated
In
New
Is'and
—
(new com
land
o
were
tockofCh'r R, t.
Pacific Railroad
I
h
exchange for (11 86!
174.842,601
'I
Railway WhlCb
d
per plan (V. 70. p
Louis & Sai
"; ot the 829,000,000 SI
and & Pacific 1
d In
:;'.)
<v
ti
••
I'ac
i
%
RUTLAND
1
I
&
%
1
I
<
16;
.
1408, 1406), lor
ommon stock,
PaclOi
c
maps, Includes:
•
1
Ubam
.
I
1
.
1
,
1
53
•
nd, Vt.,to(
V. 81, p. 1238.
Mom
hatham
\
if.
114
ited
408
July,
RAILWAY STOCKS AND BONDS.
1906.,
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation of column headings, &c,
on first page of tables.
——
of
see notes
Date
of
M
All
~17
m
M
13
7
M
W
Oswego & Rome 1st M 7s ($350,000) and 2d M 5s gu
Utica & Black Rlv stock 7 % perpet guar by R W &O
gold guar
M
& l..Ce c
common see text)
pref
—Stock cum 7 %for $3,500,000 gold. Us.c* &r
mortgage
.
397
(for
120 1891
.
127 1898
$4,400,000 gold assumed.. Ce.c*
OB.c*
gold assumed $1,350,000
43 H 1899
Rut-Can 1st
gold assum'dN c'r
59 1897
Bennington & Rutland 1st ref
59 1900
gold assumed subj to call after 1901. N-c*
Second
gold p & 1 guar.S
58 1901
Chatham & Leb Val 1st
$500,000
1901
Equipment trusts gold maturing $33,000 yearly
1902
Equip trusts $1,000,000 g $100,000 yearly.. A B.c&r
Ogdensburg Term Co
lnt guar s f $10,000 yearly
1905
Rut Tr Co 1st
$1 ,000,000 g gu p & 1 s f red par.Q.c
Rutland & Whitehall RR Stock (no bonds).
7
St Clair Madison & St Louis Belt See Missouri & 1111 nols B ridge
66 1900
Sag Tuscola & Huron 1st
(J guar p & I (end) .. N.c*
131 1894
St Johnsb & Lake Champl
1st
($1 ,328,000 gu) g_C»
1902
St Johns River Terminal
First
$2,000,000
N
St Joseph & Grand Island Ry Com Stock $4,600,000
First preferred stock 5 % non-cumulative
Second preferred 4% non-cumulative $3,500,000..
Ce.c*&r
251 1897
First mortgage gold..
1904
Equipment notes gold due $40,000 semi-annually..
"43 1896
1st
St Lawr & Adirondack Ry
$800,000 gold. N.c*
43 1896
Second mortgage $400,000 gold..
N
340 1904
St Louis Br & Mex
1st
$4,000,000 red par.-SSt.c*
St Louis & Cairo
See Mobile & Ohio.
Rutland
First consol
Ogd & L Ch
1st
M
M
—
M
—
M
M
1
—
— —
M
—
—
M
—M
—
—
—
000
1,000
100
&
Belt
1,000
1,000
%
bonds of Rutland & Noyan
entire $100,000 stock and $100,000 4
entire $1,000,000 stock of Rutland Transit Co. and entire $300,000
stock of Ogdensb. Term. Co. V. 75, p. 1029. (V. 73 p. 437; V. 72, p. 88,
822.)
In Jan. *05 the N. Y. C. & H. R. RR. acquired $4,694,100 preferred
stock.
V. 82, p. 934.
Owns
STOCK.
—In Apr. 1906
all
but $199,400 com. stock had been exchanged
V. 72, p. 439.
'00 '01 '02 '03 '04 '05
1906
— 10 of com. for'97 of'98 '99
pref.
'96
Div. on] '92-'95
for pref.
%/4
pf.,
2122343100
1
yearly.
l^%(Jan)
Accumulated dividends on pref. said to aggregate 160%.
BONDS. Rutland-Canadian mtge. Is for $1,350,000 (see adv. n "Chronicle" of July 15 1899).
In 1902 $1,000,000 4 H % equipment bonds were
V. 74, p. 728. Of the amounts shown in the table above as outsold.
standing there were in the Rutland treasury Jan.l 1906 $500,000 Chatham
& Leb 4s, $50,000 Ogdensburg Term. 4s. Of the Rutland Transit guar. 4s
—
($400,000 present Issue), 1-20 of outstanding amount is subject to call
yearly at par on Dec. 1 from the proceeds of a sinking fund. V. 82, p. 693.
EARNINGS. For 6 mos. ending June 30 1906, gross, $1,267,868 In
1906: In 1905, $1,142,292.
For 3 mos. ending Mch. 31:
3 Mos.
Oross.
Oth.inc.
Int., taxes, &c, Bal.,sur.
Net.
1906
$575,251
$179,245
$12,261
$39,576
$151,930
1905
495,013
123,294
149,617
233,700
11,608
def.14,715
REPORT. Report for calendar year 1905 In V. 82, p. 688.
Years end. Dec. 31
Years end. June 30
1905.
1903-04.
1902-03.
1904.
Gross earnings
.. $2,562,089
$2,437,037 $2,414,452 $2,376,563
Net earnings
846,486
717,767
801,717
768,928
Total net income
895,348
850,323
817,991
824,249
Deduct Taxes&rentals
97,170
89,348
90 845
89,957
Int. on bonds.
534,468
504,905
510,553
513,432
Int. on loans..
2,425
1.229
1,463
Sink, fund for
equip't b'ds.
100,000
100,000
100,000
100,000
Sp'l imp't items
103.043
—
—
—
—
—
Dtv.onpf. st'k(l^)135,864
Deprec'n writ. off
16,938
(1%)90,576
Balance, surplus
$38,046
$148,959
$11,559
$7,131
Directors.
W. H. Newman (Pres.) Wm. K. Vanderbilt. Frederick W.
Vanderbllt, H. McK. Twombly, J P. Morgan, William Rockefeller, James
Stillman and Chauncey M. Depew, New York; Percival W. Clement, Rutland, Vt.; W. Seward Webb, Morrisville.Vt.; Fletcher D. Proctor, Proctor,
Yt.; Olm Merrill, Enosburg Falls, Vt.;
Robert Treat Paine 2d, Boston,
Mass.
(V. 80, p. 223, 473: V. 81, p. 1789, 1793; V. 82, p. 688, 693.)
RUTLAND & WHITEHALL RR.— Owns N. Y. State Line to Castleton,
Vt., 7m.
Leased Feb. 1 1870 in perpetuity to Rensselaer & Saratoga RR.
(rental, $15,342
6% on stock) and so operated by Del. & Hudson.
SACRAMENTO & LAKE TAHOE RY. V. 81, p. 1175.
SAGINAW TUSCOLA & HURON. Owns Saginaw, Mich., to Bad Axe,
66 miles. Stock, $600,000; par, S100.
In year 1898-99, gross. $147 448;
net, $45,644; other income. $5,495.
Leased to Pere Marquette RR. for
from Feb. 1 1900 for guaranty of principal and Interest of bonds
999 years
(form V. 71, p 30) and maintenance.
(V. 72, p. 88.)
ST. JOHNSBURY & LAKE CHAMPLAIN RR.— Owns Lunenburg, Vt.,
Maquan Bay, on Lake Champlaln, 120 m., and branch from North Conto
cord. Yt., to Bast Haven, 11 m.j total, 131 miles
The road Is operated independently, although a majority of the stock Is owned by the Boston &
Lowell, leased to Boston & Maine.
Notes payable June 30 1905, $279,211.
Stock, com., S2. 550 ,000; pref
$1,298,500; par of shares, $50.
In year
1904-09, gross, S356.835; net, $57,212; def. under charges (not Including
bonds owned by B. & M. and B. & L.) $19,232.
ST. JOSEPH & GRAND ISLAND RY.— Owns St. Joseph, Mo., to Grand
Island, Neb., 251 miles.
Trackage, St. Joseph to Gower, Mo., 20 miles,
—
,
—
—
—
—
—
,
,
and Gower to Kansas City.
HISTORY.— A
41 niHe«.
reorganization *eb. 23 1897 (per plan In V. 62, p. 784,
950) of the St. Jos. & Grand Island Railroad, sold In foreclosure.
Union
Pacific Interests are understood to be in control.
V 7.">, p. 907.
STOCK. Com.. $1,000,000; 2nd pref.,
non-cum., $3,500,000; 1st
pref., S5,5i
able above); par, $100.
DIVIDENDS (%)— I 1898
1899
1900
1901
1902 None
On 1st preferred
5
3
since.
5
J
5
BONDS.— The 1st mtge. Interest was
till Jan. 1 1899; then
till
Jan. 1 1902 and thereafter 4 %.
Bonds for $1 ,000.000 can be sold only for
new mileage at not exceeding $6,000 per mile. Mtge. Is for $5,000,000.
See listing in V. 64, p. 1138.
In May 1904 $400 000
equipment notes
were Issued. V. 78, p. 1783.
—
4%
,')
2%
3%
5%
LATEST EARNINGS .—
months ending May 31:
Gross.
Net.
Int., tax., &c. Pal., sur.
.$1,407,067
$231,03!)
$435,131
1-05
1,172,472
27-1.
234,
REPORT. Fiscal year ends June 30. Report for 1904-05,
with balance sheet was In V. 81. p. 1372. showing, gross. $1,299,033* net.
$304,034; Int. & taxes, $255 936: bal., BUT., $48,097.
Pres.
W. T.
Brunt; Treas., Graham G. Lacy; Sec, Francis W. Russell, St. Joseph .Mo.
1
months
1
—
1
1
1905-06
—
ANNUAL
—(V.
ST.
1,000
2,500
1,000
4,600
5,498
3,500
4,000
1,000
1.000
1,000
1,000
1,000
M
RR.,
RR.
100
100
100
M
81, p. 1372.)
JOSEPH SOUTH BEND & SOUTHERN RR.— Owns South Bend.
Ind., to St. Joseph Mich.. 39 m.
Stoelc. $500,000 com. and $25
pref. Leased to Ind. 111. & Iowa RR. (now Chic. Ind. & Southern)
el>. 23 1900; 5
years from
urn on pref. and 2
paid
Mch. 15 and Sept. 15.
In Sept. 1904 l'A%
on com.
No
bonds.— (V. si p. 841.)
I
%
$345 360
6X
5
000
800
6
000 5
000
6
000
6
000
5g
000
5g
750 000 5 g & 7
1,103 000
7
1,950 000
4g
9,057 600 See text.
000
3,492
4H g
4,400 000
4g
1.350 000
4g
500 000
4H g
500 000
5g
500 000
4g
280 000
4« g
710 000,
4>U g
110 ooo!
4
400 000
4 g
255 700
6
1,000
M
M
When
210
800
400
2,550
Where Payable, and by
Payable.
Whom.
Rate
10,000
417
9,576
100
175
130
375
1.000
1,000
100
1.000
100
1,000
1,000
1,000
1,000
1.000
1,000
28 65-'91
150 68-'71
150 1890
p
$2,000,000
Amount
Outstanding
100 &c
1 000
1855
1874
1885
1885
1886
1888
97
(Int only In gold, $500,000 are 3>^s)..F.c
Consol
Oswego Bridge Co first mortgage
Me
Syracuse Phenlx & Oswego first mortgage
gold $360,000 $10,000 p
N
Nor & Mont 1st
c*.
R & Og Term RR 1st gold assumed
1st
Par
Value.
$100
100
—
—PrinciStocks —Last
Bonds
When Due.
pal,
Size, or
Road. Bonds.
Rockford Belt See Illinois Iowa & Minnesota.
Rome & Clinton Stock (rental guaranteed)
Rome Watertown & Ogdensburg Stock guar (end)..
First M Water & R, Rome to Cape Vln s f not dr'n.c*
U &BR
123
J
M
&
&
&
&
&
&
&
By
J
Q—
Dividend.
check, Clinton,
Grand Cent Station,
S
N Y jJuly 1906 3H %
N Y Aug 15 '06 lyi
do
do
do
do
do
F
do
do
do
F
A
do
do
do
M
do
do
Various
do
do
M & S
do
do
do
&
J
Grand Cent Station, N Y
&
&
do
do
&
do
do
City Trust Co. Boston
&
Grand Cent Station, N Y
&
do
&
do
do
&
do
do
M & N
do
do
A & O
do
do
do
& J
do
do
& D
F 15 United Nat Bank, Troy
&3H A
O
A
A
O
N
Q—
000
4g F
000
5g
000
4
J
000
500 5 In 1902
000
000
4g J
000
5g M
000
5g
000
A
6ff
000
5g M
M
.1
'
Sept
July
1
Feb
Feb
April
May
May
1910
1922
1915
1915
1916
1918
1915
Mar
'06
3H
1922
Jan 15 06
July 1 1941
July
1948
July
1949
Nov
1927
Mar
1920
July
1951
iNov 1 1906-'12
Oct 1906-1917
July 1916
Dec 1 1925
July
May
1
15'06
1^%
1H %
& A New York Trust Co
Feb 1 1931
& S Company's Office, Boston Mar 1 1944
New York
& J
IJuly 1 1952
& J Central Trust Co. N YjJuly 15 '02 2H
Central Trust Co, N Y
&
Jan 1 1947
& N First Tr & Sav Bk. Chic! Nov '06-Mayi'09
& J New York Trust Co, N Y July 1 1996
& () Colonial Trust Co. N Y Oct 1 1996
& N St Louis, Mo
Nov 1 1910
.1
River bridge, Montreal. In Jan. 1905 the N. Y. C. & H. R. RR. acquired
the entire stock. V. 82, p. 934.
Stock. $1,615,000; par of shares, $100.
Dividends, 2H % paid Sept. 1
1901; in 1902, March, 2y %; in 1903, July, 3 %.
Current liabilities June 80
2
1905, $48,467; equipment trusts, $31,969.
Earnings since July 1 1905 are
Included In those of N. Y. Central.
In 1904-05, gross, $300,092; net. $128,903; other income, $637; charges,
$70,965; bal., sur., $58,575.
In 1903-04, gross, $266,990; net, $111,211.
Pres.,
ST.
—
W. H. Newman. (V. 80, p. 223.)
LOUIS BROWNSVILLE & MEXICO RY.— Owns
Brownsville, Tex.
on Mexican boundary line northerly to Bay City, 284 m.; operated May 1906
branch from Harlingen to SamFordyce, 55 m., was opened in Dec. 1904,
affording via Nat. RR. of Mex., a through line to City of Mexico.
V. 81
p. 1666.
Extension from Bay City to Algoa, 58 m., to be opened about Aug. 1 '06,
whence trackage has been arranged to Houston and Galveston; extension is
proposed to San Antonio. See V. 77, p. 350; V. 79, p. 1024. V. 80, p. 652;
V. 82, p. 693. B. F. Yoakum of St. Louis & San Fran, and associates are
in control.
In July 1905 the Rio Grande RR., Brownsville, Tex., to Port
Isabel, 14 miles, was acquired by the same Interests.
V. 81, p. 265, 1666.
Stock authorized, $3,850,000; outstanding March 1905, $1,221,500.
Bonds are issuable at $7,500 per m.; V. 80, p. 1236; V. 82, p. 569. Pres.,
B. F. Yoakum; Sec, H. W. Adams; V.-P., R. J. Kleberg; 2d V.-P. and
—
Gen. Mgr., Jeff N. Miller, Kingsville, Texas.
(V. 82, p. 693.)
ST. LOUIS & CAIRO RR.— See Mobile & Ohio RR.— (V. 70, p. 532.)
ST. LOUIS EL RENO & WESTERN RY.— Guthrie to El Reno, O. T.,
42 m., opened In June 1904. Extension Is proposed from Guthrie to Peru
Jet., Kan., 120 m., and from El Reno to a point near Hobart, 75 miles.
Stock, $1 ,240,000.
Bonds are subject to call at 102 14 on any interest day,
beginning July 1 1913, or at any time at par if an extension is arranged at a
lower rate of interest. V. 77, p. 350. Pres., J. C. Van Riper, East St.
Louis, 111.; Treas., R. L. Rinaman; Sec, Lewis T. Tune.
Year ending
June 30 1905, gross, $39,642; def. under oper., $906. (V. 77, p. 350.)
ST LOUIS IRON MT. & SOUTHERN RY.— See Mo. Pac Ry. system.
ST. LOUIS KANSAS CITY & COLORADO RR.— Forest Park (St. Louis)
to Kansas City, Mo., 291 m.; branch, 1.4 m.; trackage. Forest Park to Union
Station, St. Louis, 4 m.
In May 1902 the C. R. I. & P. Ry. acquired the
road.
V. 76. p. 159; V. 74, p. 938; V. 75, p. 136,794; V. 78, p. 768. Stock
authorized, $20,000,000; outstandinglFeb. 1905, $3,644,800; par, $100.
Pres., B. L. Wlnchell, Chicago.
(V. 75, p. 794.)
ST. LOUIS MEMPHIS & SOUTHEASTERN RR.-=-(See Maps Rock
Island Co.)
St. Louis to Luxora, Ark., 242 m.; Cape Girardeau, Mo., to
Leechville, Ark., 118 m.; branches, 321 m.; total mileage owned, 681 miles,
ville, Ark., 118 m.; branches, 321 m.; total mileage owned, 681 miles.
Stock. $18,500,000, all owned by the St. Louis & San Francisco.
BONDS.— The A'As of 1904, guar. prin. and int. by the St. L. & S. F.
($10,000,000 authorized) issued per plan V. 78, p. 1908, are a first lien on
681 miles of road, and are further secured bv a 5-year traffic agreement with
St. L. & S. F. and Chic. & East. 111.
Litigation, V. 82, p. 49.
Old bonds
outstanding additional to these were in July 1905: $54,000 Pemiscot RR. 6s
due Oct. 1 1914; $65,000 Kennett & Osceola 5s due June 1 1917; $10,000
So. Mo. & Ark. 5s due 1939; Houck's Mo. & Ark. 1st 5s, 1913, $1,700;
total, $141,700.
St. L. M. & S. E. 1st 4s, 1952, red. 105, $249.500.
(V.
75, p. 1148; V. 82, p. 335,510.)
ST. LOUIS MERCHANTS' BRIDGE TERMINAL RY.— ORGANIZATION. Double- track road from near Union Depot, via Main St., Hall
St. &c to Ferry St. opposite the Merchants' Bridge, 7 miles.
It owns.and
controls the Madison 111. & St. L. Ry., connecting the town of Madison and
St. Louis, 8 m.; total, 15 miles.
Leases Merch. Bridge for Int. on the
e Co.'s $2,000,000 bonds. Litigation, V. 77, p. 299. 512; V. 81, p. 32.
Stock authorized. $3,500,000; Issued to Jan. 1 1904, $2,939,500; par, $100.
On Dec. 31 1904 there was due to Term. RR. of St. L. $1,208,489 for advances under its guaranty.
In Nov. 1893 Term. RR. Assoc' n of St. L.
guaranteed by endorsement the prin. and int. of its $3,500,000 1st mtge.
bonds and the interest on $2,000,000 Merch. Bridge 6s. The 6s are subject
ill beg inning 1909 at 1 M and Inten
—
—
—
,
—
—
,
,
,
EARNINGS.— Year 1904, gross, $1,520,238; net, $740,878: charges,
$417,470; bal., sur.. $323,408.
(V. 81, p. 32.)
—
ST. LOUIS & NORTH ARKANSAS RR.— Sellgman, Mo., connecting
with the St. Louis & San Francisco RR., to Leslie, Ark., 128'^ miles. 'The
Southeastern RR. was incorporated In Dec. 1902 with $3,600,000 capital
stock, to build extension.
Stock, $1,712,500; par, $100.
REORGANIZATION COMMITTEE.— A committee (John Scullln.
Chairman: St. Louis Union Trust Co., depositary) requested deposits of
being In default. V. 82, p. 510.
Sold in foreclosure May 29
itlon comml
r plan V. 82, p. 569; V. 83, p. 39, and
sale confirmed, V. 82, p, 1440.
G VNIZATION PLAN.
in Feb. 1906 the rcorg. committee (see
lied a plan. V. 82, p. 569; V. 83, p. 39, providing for extensions
ind west at estimated cost of $5,000,000, to form through connections
from Joplln. Mo., on west, with roads east of Mississippi River, either at
Helena. Ark., or a point on the Mississippi River opposite Memphis, Tenn.
Stock and
50-year bonds at $25,000 per mile each may be Issued on
present road and extensions and may be pledged to secure 5-year 5 % counotes 'subject to call at par), depositing bondholders to have prior
pon
right to purchase notes up to amt. of
Until retirement
r Holdings.
Of notes entire net earns, shall be applied to payment of principal and Int.
For year endlnc June 30
t. $76,618; o
Pres .John
1.100; Int., $153,275; tax«, &c, $14,935; bal.. def.. $47,180.
t
Seuiiin, s
w. s. Roberts, Eureka Springs. (V. 83, p. 39.)
'
—
,
4%
"
I
—
1
.
1
<
.
ST. LAWRENCE & ADIRONDACK RY.— (See Maps X. Y. C & 11. R
RR.)
From Malone, N. Y. (on Mohawk & Malone) to Adirondack Jet.'
56 miles, connecting there with the Canadian Pacific at its St.
—
ST.
I
,
189
In
LOUIS ROCKY MT. & PACIFIC CO.— (See Map.)— Owns
of coal lands
and
coal rights
and surface necessary
314,300 acres additional near Raton. Colfax
G
in
feo
mining
Estimated
for
tonnage 350,000,000 tons high-grade bituminous coal In
Affiliated
territory, with large reserve tonnage in remaining 4
Interests control large lumber properties tributary to the railroad.
I
124
RAILWAY STOCKS AND BONDS
[Vol. lxxxiii.
RAILWAY STOCKS AND BONDS.
Jui*Y, 1906.]
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
on
of column headings,
first page of tables.
— W— M
— M —
M
&c,
Date
of
of
see notes
——
Par
100 &c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 &c
1,000
1,000
1,000
..
M
M
M
,000
1
Memphi
ized,
utstandi
was let to build a road from Des Moines, N. M., on
Raton and thence southwest to Cimarron, to the
a total of about 120 miles. Stock authorcommon, $10,000,000; pref. (as to assets and dividends), 5% non-
cum., $1,000,000. See full statement, V. 81, p. 265. 900, 1376; V. 82, p.
335.
Flsk & Robinson financed the enterprise.
BONDS. The bonds ($15,000,000 authorized issue) are secured by a
first lien on the entire coal property and by entire outstanding issues of
stock and bonds (authorized $3,500,000 stock and $10,000,000 5% bonds)
of St. Louis Rocky Mountain & Pacific Ry. Co.
•Of the bonds, $3,000,000 were issued to acquire the coal properties,
$500,000 are reserved to improve them and $3,500,000 reserved to build
and equip the 120 miles of road, remainder for future requirements. V. 81
Pres., Henry Koehler Jr., St. Louis, Mo.;
p. 156.
Treas., Charles
Springer, Cimarron, N. M.: Sec, A. H. Officer.
Offices, Raton, N. M.,
and Missouri Trust Building, St. Louis. Directors, V. 82, p. 1497.—
(V. 82, p. 1497; V. 83, p. 39.)
...........
—
ST. LOUIS & SAN FRANCISCO RR.
(See Maps, pages 116,
shown by the maps, the system embraces: ("See this Co.)
Lines owned
—
Miles.
543
St. Louis, Mo., toOkla..O.T._
Springfield. Mo., to Knoche Jet.
(Kan. City), Mo
\
Trackage
117.)
—
—As
Miles
Knoche
Jet. to Kansas City
Leased and controlled by slock
189 K.C. Ft. S.
and trackage*
—
&M.
916
286 Kan. City Mem. & Birm
286
17o
Operated independently
Fort Worth & Rio Grande
196
Tex
193 Paris & Great Northern
17
Pelrce City" Mo',' to "Ellsworth",
St. L. San. Fran. & Tex. Ry.
Kan
324
Unci. 31 miles track to Fort
Hope, Ark., to Ardmore, I. T.. 224
Worth)
125
Beaumont, Kan., to Red River 318 St. Louis Memphis & S. E.'... 681
Fayetteville, Ark., to OkmulChicago & Eastern Illinois*
947
gee, I. T
144
Tulsa, I. T., to Avard, O. T... 175
Total June 30 '05 (including
Branches in Missouri, Kansas
258 miles trackage)
6,022
and Arkansas, &c
281 Evansville & Terre Haute
331
.
Birm. Belt RR. (V. 75, p. 1148)
21
Also owns jointly with Atchison, the Kan. So. Western Rv., 59 miles.
In April 1906 the Colorado Southern New Orleans & Pacific RR., which
Is building a road from Baton Rouge, La., through Beaumont to Houston,
Texas, and having trackage rights from Baton Rouge to New Oil'
was acquired. The Rock Island interests also acquired a half-interest in the
Trinity & Brazos Valley Ry., owning a line from Cleburne to Mexia, Texas,
and under construction from Mexla to Houston, and branch to Waxahachie,
with trackage rights to Dallas, Fort Worth and Galveston. These lines, to
be completed by Jan. 1 1907, gives the allied interests extensions from Fort
Worth and Dallas to Galveston, Houston and New Orleans. V. 82, p.j87.
ORGANIZATION. Organized June 30 1896 to succeed to the property
and franch'ses o' the Railway co. sold in foreclosure and recr. per plan In V.
62, p. 829 and 1140
see also p. 742.
The system then aggregated about
Monett, Mo., to Red River
Oklahoma, O. T., to Red Rlv..
Sapulpa, Ind. T., to Denison,
—
!
—
—
1,500 miles.
Id May 1903 the Rock Island Co. acquired $27,988,300 of the $29,000,000
common stock, the latter receiving (per $100) $60 In common stock of the
Rock Island Co. and $60 In 5
gold bonds of 1913 of the Chicago Rock
Island & Pacific RR.
See those companies, V. 76, p. 1086, 1249.
In 1902 Birmingham Belt RR. (V. 75, p. 1148), 21 miles of track around
Birmingham, Ala., was purchased; also the St. Louis San Fran. & New
Orleans Ry., Hope, Ark., to Ardmore, Ind. Tcr., 224 miles, completed In
Jan. 1904.
V. 74, p. 1197; V. 75, p. 75, 343.
The entire stock of the St. Louis Memphis & Southeastern RR. was acquired In Nov. 1902. See separate statement and V. 75, p. 1087, 1148.
The Arkansas Valley & Western RR., Red Fork to Avard, Okla.. 175
miles, has been operated from Mch. 1 1904.
V. 78, p. 49, 1168. Houston
Beaumont & Northern. V. 78, p. 49, 1392.
The New Orleans Terminal Co. was organized jointly by the St. Louis &
San Francisco and Southern Ry. systems, and Issued 4
gold bonds (present amount $9,000,000), which are guaranteed Jointly by the St. L. &
S. F. and the Southern Ry.
V. 77, p. 38; V. 76, p. 1144. Rock IslandFrisco Terminal Ry. (St. Louis), see V. 82, p. 930.
In May 1901 acquired over 90% of the stock of the Ft. Worth & Rio
Grande Ry. (now Fort Worth to Brady. 195 miles).
STOCK. Common stock Issued. $30,808,000, of which $1,808,000 held
In treasury.
The company reserves the right at any time to redeem
or both classes of preferred stock at par In cash.
Provisions of preferred
certificates were In "Supplement" of April 1897, p. 6.
DIVIDENDS.—
'97. '98. '99. '00. '01. '02. '03. '04. '05.
1906.
First preferred
2
per annum.
ToJulv.3
Second preferred
..
l
2
2
3H 4 4 4 4 See
In Feb. 1906 the dividend on the second preferred was passed.
V. 82,
As to dividends on first preferred, see V. 82, p. 569.
p. 33d.
STOCK TRUST CERTI FICATES— Kansas City Ft. Scott & Memphis
Ry., Kansas City to Memphis, Tenn.. with branches, 871 m.. was acquired
In 1901; Its entire stock Is owned and road leased for Int. on bonds and 4
on pref. stock trust ce'ts. (see above table) the new ref. bonds h< ing guar.,
p. & I. See K. C. Ft. S. & M. in this Issue and V. 72. p. 438, 532, 581 1238.
In July 1905 all of the $7,217,800 common and $6,211 ,700 of the $8,830.700 pref. Chicago & East. 111. RK. stock had been acquired, the St. L. <fc
S. F. giving In exchange Its stock trust certfs. at the rate of $100 for
$100 share upon which 10% and 6% dlvs., respectively, are paid,
stock trust certfs. so Issued were based upon the deposit of share* of stock
of $100 par value each, but were redeemable on or before Oct.
1942 ar the
rate of $250 for each share of com. and $150 for each share oi pref.
In 1905
the holders of a majority of the com. stk. trust ctfs.. preferring to have a
security redeemable at par Instead of at the rate of $250, exchanged their
certfs. for a new form In the denomination of $1 ,000 each, re
ig the
deposit of four shares of stock.
Int. on these latter certfs. Is payable at
the rate of 4
per annum, so that both the Income and prln. are unchanged
%
%
—
i
4%
I
pi
%
,
2,050,300
6 g
124,000
6 g
195,000
6 g
9,484.000 5 & 6 g
439,000
5g
1,558,000
4g
829,000
5 g
145.000
4g
47,000
4g
304 ,000
6 g
2,923,000
4g
1,000,000
4 g
59,000
6 g
& S E, a nd Ozark
721,000
4
Where Payable, and by
Stocks
Whom.
—
Last
Dividend.
,
.\1
F
F
J
A
J
A
A
A
M
J
A
A
&
J
& N Mercantile Trust Co, N Y Nov 1 1906
do
do
& A
Aug 1 1919
& A United States Trust, N Y Aug 1 1920
& J Mercantile Trust Co, N Y July 1 1931
& O Union Trust Co, N Y
Oct 1 1987
& J Mercantile Trust Co, N Y July 1 1996
o
do
do
&
Oct 1 1947
do
do
& <)
April 1 1929
do
do
April 1 1930
& O
& s
do
do
Sept 1 1919
H B Hollins & Co, N Y July 1 1928
&
& O Mercantile Trust Co N Y Oct 1 1922
do
do
& ()
April 1 1910
Chero kee Central, see those co mpanies.
& D Blair & Co. New York Dec 1906-1911
.]
deposit ed as sec urlty, see text.
s
i
— only form aofpreceding being and V. (See form, V. 80, p. 1857.) See Chi.
security
changed.
& E.
on
page
75, p. 291, 393, 1031; V. 81, p. 1551.
BONDS. — Consol. mortgage of 1896, see abstract In V. 64, p. 186.
111.
REFUNDING
4
PER CENTS OF
1901
(V. 77, p. 2391):
A. utfi07*tz(?cl
1.
2.
3.
Additional lines, extensions,
Issued
To
retire underlying bonds
$62,500,000 o$42,624,600
For improvements, betterments, new equipment, &c, at $1,000,000 per year...
6,000,000
5,000,000
&c,
at cost
2:16,500,000
12,604,900
Total
$85,000,000 fc$60,229 000
a To retire $36,946,700 underlying bonds mentioned below. £ At not
exceeding $32,000 per mile (Inch underlying liens) $4,500,000; at not exceeding $22,500 per mile (Inch underlying liens) $12,000,000. k Includes:
$125,000 In trust for Northwestern Division Improvement fund.
In Jan. 1906 $3,300,000 refunding bonds additional to above were issued
to retire the $2,050,300 second mortgage 6s. A, B and C, maturing Nov.l
1906, and for Improvements, but were in July 1906 held In the treasury.
V. 82, p. 281.
1'he underlying bonds which have been deposited as security under the
refunding mortgage, and which are therefore kept alive, are:
A B andC 6s of 1906
3 ,539 700 Southwest Dlv. 5s.
$671,000
Mo. & W. Dlv. 6s
866 000 Cent. Dlv. 4s
1,817,000
St. L. Wich. & West. 6s.
1 ,696 ,000 St. L. Okla. & So. 4s (all). 4,650,000
Trust 6s of 1880
731 ,000 Kansas City Dlv 4s (all). 2.324.000
Ft. Smith &Van Bur. Br. 6s
157 000
976.000
do
do
3s (all).
Gen. mort. 6s of 1881
4 ,126 000 Northwest. Dlv. 4s
1,253.000
do
5s
6,488,000 Consol. 4s
6,983,000
Trust 5s of 1887
660,000
There have also been acquired and deposited under the refunding mortgage the following stocks and 4 % bonds, representing new extensions
(being entire Issues on account thereof), the latter aggregating 580.73
miles.
(As to location, see V. 77, p. 1538, 1537.)
Name of road
Bonds.
Miles.
Stock.
Oklahoma City & Western RR
.174.85 $5,000,000 $4,023,000
Oklahoma City & Texas RR.
8.68
Ft. Worth & Rio Grande Ry.
49.72
a2,842,000
a-994,000
Sulphur Springs Ry
8.72
200,000
174,000
Blaekwell Enid & Southwestern Ry
4,500,000
238.67
500,000
mackwell Enid & Texas Ry.
12.75
173,000
Red River Texas & Southern Ry
87.34
400,000
815,000
St. Louis San Fran. & Texas...
204,000
108.77
a Substantially the entlr» 'ssuc.
x Issued for extension from Brownwood
to Brady. Tex. (entire amount) total length of road 195.88 miles, balance
of Issue, $2,923,000, being In hands of public.
Ozark & Cherokee Central and St. Louis Memphis & S. E. guaranteed
bonds, see V. 78, p. 2335, 1908: also those companies.
—
COLLATERAL TRUST GOLD NOTES.
of 5 year AV % gold note* of Dee. 1903,
2
Of the $9,160,000
$7,175,000
are issuable, per plan V. 77, p 2281. to acquire the entire ($1,060,000) outstanding pref. stock of the St. Louis San Fran. & New Orleans RR., extending from Hope, Ark., to Ardmore, I. T., 224 m.. with proposed Platte
cut-orr. 9 m., and the St. Louis San Fran. & New Orleans extension coll.
tr. 4s. the latter being secured by all the Issued 1st M. bonds ($6,487,000)
and all the $6.021. 000 outstanding com. stock of the St. L. S. F. <fe N. O.RR.
The gold notes Issued are thus virtually secured bv a first lien on the St. L.
S. F. & N. O. 1111.
The remaining $2,035,000 notes are reserved against
deposit of additional ext. bonds hereafter Issued at rate of $900 notes to
$1,000 extension bonds. The whole or not less than $250,000 may be
called on 30 days' notice.
Tne collateral trust 2H-year notes due Dec. 1 l9or. ($5,000,000 authorized Issue) are secured by deposit of the entire ($18,500,000) St. L. Mem.
& Southeast, and St. L. & Gulf stock. Thev are subtcct to call at par.
V. 78, p. 1908. 2335: V. 79. p. 2748.
Lltlsatlo". V. >" p 49
The 4H". notes of 1905 ($4,500,000 authorized Issue) are secured by
itlrc S1.500.000 Arkansas Vallev & Western bonds and $4,500,000
Of the notes. $4,000,000 were sold, balance reserved until that
stock.
amount Is expended on Ark. V. As W. V. 80, p. 601
The $7,500,000 5";, notes of 1906 will be secured by $8,500,000 first mortgage bonds of the Col. So. New Orl. & Pac, and Its entire stock. V. 82
.
.
871. 988.
p.
\ti:st EARNS.— 11905-06
Gross, $38,626,399; net, $12,536,711
Mos.,July) to May 31/1904-05
Gross, 35,319(478; net, 11,291,634
For 6 mos. ending Dec. 31 1905, net, $7,399,889; agst. $7,672,468
In 1904; oth. Inc., $263,652; charges, $6,061,638; bah, sur., $1,601,903.
ANNUAL REPORT.—Report for the year ending June 30 1905, showing operations of system, comparison being made with same lines for
preceding years, was given at length In V. 81, p. 1239. 1259; see also
editorial, V. 81, p. 1285.
Year ended June 30
1903
1904.
1905.
Average miles
3,675
5,030
4,217
Cross earnings
$29,958,240 $26,806,731 $24,289,510
earnings.
8,413,533
10,661,22.1
9,140,479
136.170
Other Income
1
832,113/
607.132
Dlv. on C. & E 111. stock
823.418
\
/
1
11
—
.
1
i
%
%
%
%
ng-
For unde rlying bond
district,
—
s
5,000&c
•In Sept. 1905 contract
Col. South., westerly to
Elizabethtown mining
|
Payable.'
1
M
M
%
0—
Q—
M
W
When
Rate
i
M
M
Outstanding
& J N Y & East St Louis, 11 July 1 1953
$1,000 $1,240,000
jJ
4 g
1,000 •15,627,000
& D New York Trust Co. N Y June 1 1909
4J^ g J
A & OiFarmL&TrCo.NY: fcStL'Oct
3,500,000
5 g
1930
F & A Farm L & Tr Co, N Y |Feb 1 1929
1,000
2,000.000
6
& J FIsk & Robinson, N Y July 1 1955
1,000 &c
5,000,000
J
5 g
100 29.000,000
Checks mailed
100
5,000,000 See text.
July 2 1906 1
J
do
100 16,000,000 See text.
,}— A
Dec 1 1905 1
Mercantile Trust Co, N Y July 2 1906 1
100 13,510 000
4g
100 10,113,000
10 g
J
& A Checks mailed
July 1 1942
do
1,000
3,172,600
4
& J
J
July 1 1942
,>—
100
6,211,700
do
July 1 1942
6 g
4 g
1,000 &c a60,104,000
J
& J Morton Trust Co, N Y July 1 1951
1,000
4,993,317
5 g
J
& 1) New York
Dec 1 1906
7,013 831
do
1,000
Dec 1 1908
4H g J & 1)
F & A Bankers Trust Co, N Y
4,000,000
Feb 1 1912
4H
Sg J & J N Y Trust Co, N Y
1,000
3,375,000
Jan 1 1911
M
M
M
—Frlnci-
500 &c
W
W
Amount
Value.
Road. Bonds.
4%
4%
KCFS&M
Bonds-
Size, or
Louis Bridge See Terminal Railroad Association of St Lo uis.
$1,240,000 g red (text)
Louis E! Reno &
1st
42 1903
$16,000,000 gold p & i red.N
681 1904
Louis M & S E
1st
1st M guar p & 1 g.SSt.c
1890
Louis Merchants Br Term
red after Feb 1 1909 at 110.. SSt
Merch Bridge 1st
1889
gold s f._Mp.c* &r
1st
1905
St Louis Rocky Mt & Pacific
Francisco Common stock $64,000,000 1,691
St Louis & San
non-cum $5,000,000
1,691
First preferred stock
non-cum $31,000,000.. 1,691
Second preferred stock
pref stock trust certs $15,000,000 guar
C & E I common stock trust certs) payable at 250 Col
guaranteed gold redeemable../ payable at par.Col
Pref stock trust cetrs $6 ,830 ,700 g guar red 1 50.Coi
IHo.c'&r 2,597 1901
Refunding mortgage gold $85,000,000
& S E stock
1904
Collateral trust notes red sec by St L
222 1903
Coll trust notes (St L S F & N O) gold red par__Ta
$4,500,000 auth red par
1905
Notes for Ark Valley &
Collateral trust notes (Col So N O & Pac) gold _.N
1906
Bonds Underlying Refunding 4s.
Second mortgage (now first) Series A B & C gold..
294 1876
82 1879
Mo &
Dlv 1st
g $5,000 yearly drawn at 105.. c*
101 1880
St L & San Fran coll trust gold s f not drawn. Us.c*
986 1881
Gen gold (1st on 365 m) $3,681,000 are 6s. Us c*
Collateral trust mortgage on branches gold. Un.c*
64 1887
Consolidated
$50,000,000 gold no option.. Me 2,393 1896
red at par gold.Ce.c*
112 1897
$1,500,000
Southwest Dlv
gold $3,462,000 red at 102}^_.N.c*
103 1899
Cent Dlv 1st
106 1900
Northwestern Division mortgage redeem 102 H . N.c*
redeem at 105 gold, .c*
1st
145 1879
St Louis Wichita &
gold old 5s int red..Ce.c*
196 1888
Ft Worth & Rio Gr 1st
Blrm Belt 1st
gold red 102 y gu p & 1( end) .OB. c*
21 1902
2
gold drawn 105 guarp&i.c*
Ft S & V B Bridge 1st
1885
Louis
Chicago & East 111, Kansas City Ft Scott & Memph is, St
1901
Equipment notes payable semi-ann., (V. 73, p 1314)
•In July 1905 $11,000 Southern Missouri & Arkansas bonds were o
a Exclusive of $125,000 additional deposited in spec 'al tru! sts.
St
St
St
St
125
Total net Income
Deduct Taxes
—
Int.. rentals, etc
Dlv. K. C. Ft S.
&
M
$11,493,336 $10,023,592
$8-1^
$702
8,015
540,400
59,156,837
-.896
Improvements, etc
C. & E. I. stk. tr. ctfs
Dlv. on 1st pref., 4 %
Dlv. on 2d pref.. 4 %
.
Balance, surplus
x In 1904-05 the Chicago <!t East.
dividends of $80,265, making total
1
064.182
199 742
XS184.386
•.712
had a deficit after payment of
surp. of system for year S104.121.
111.
RAILWAY STOCKS AND BONDS.
120
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
of
on
column headings,
Date
!
of
Francisco
(Concluded)
Equip notes goldSer B red par $62,000 due seml-ann
do
do
Ser C red par due $50,000 seml-ann
do
Series E $12,188 monthly
do
do
do
Series F due $58,000 quarterly. -N
do
do
SerlesJG due $154,000 semi-ann.Ba
Common stock $35 000.000..
St Louis Southwestern
Preferred stock
non-cumulative $20,000,000...
Flrst mortgage certs ($16,500 per mile) gold_.Ce.c*
Second
Inc $10,000,000 non-cum gold.Me.c*
Gray's Pt Term'l, 1st M, gu, p & 1. g.SSt
c&r
First consolidated mortgage $25,000,000 g..B.c*&r
Shreveport Bdge & Term 1st
$500 000 g gu p&l.
St Louis Troy & Eastern
First
AC
$500,000
St Louis Watk & Qulf
1st
,225.000 gold & £..F
$1
St Paul Eastern Grand Trunk
1st
gold lnt guar, .c*
St Paul Union Depot
First
gold Interest as rental
Consol
gold ($100,000 are 4s) Interest as rental..
Salt Lake & Los Angeles
First mortgage gold.. Mo.
Par
Amount
Outstanding
M 4%
M
M
$4,000&c
1903
1903
1903
1903
1906
101
M
56
500
& £
350,000
500,000
983,360
1.,120,000
500,000!
16,678,000'
000
000
1, 000
1, 000
100
1, 000
500 &c
250,000
250,000 4
300.000
250,000
1,000 000
17,544,000
550,000
See text.
1
1
1
1
— —
—
—
1
1,000
1,000
1,000
1.000
1,000
1887
1.000
900.000'
1
000
OFFICERS — Chairman
of Board, D. G. Reid; Pres., A. J. Davidson;
Vice- Pres., Robert Mather; Sec. and Treas., Frank H. Hamilton;
Comptroller, C. W. Hillard.
N. Y office, 71 Broadway.
(Feb. 1906.) B. F. Yoakum, D. G. Reid,
K.
Bixby, F. L. Hine, W. H. Moore. C. W. Hillard and J. H. Moore of New
York: Nathaniel Thayer, Benj P. Cheney of Boston, Mass.; H. C. Pierce,
A. J. Davidson and James Campbell, St. Louis. Executive Committee,
B. F. Yoakum (Chairman), James Campbell, C. W. Hillard, James H.
Moore, William H. Moore and Daniel G. Reid. V. 82, p. 930, 988, 1103.)
ST. LOUIS SAN FRANCISCO & TEXAS RY.— V. 79, p. 2148.)
ST LOUIS SOUTHWESTERN RY.— (See Map.) Embraces:
S Louts Southwestern Ry. Co. St Louis Southw. Ry. Co. of Texas.
Main Line— Cairo to Texark.
419.0 Main Line Texaark. to Gatsv 304.9
Illinois Division (trackage)
97.2
138.2 Fort Worth Branch
New Madrid Branch
5.2 Dallas Branch
13.7
Grays Point Branch
67.7 Sherman Branch
109.9
Stuttgart Branch
34.8 Hillsboro Branch
40.0
Little Rock Branch
44.4 Lufkin Branch
115.4
Shreveport Branch
61.2
Total of all operated mileage June 30 1 905
...1,451.6
Also has St. Louis Iron Mountain & Southern trackage, not Included in
operating accounts, viz.: St. Louis to Bismarck, Mo., 75.4 miles; Bismarck, Mo., to Delta, 74 miles: Memphis, Tenn., to Fair Oaks, Ark., 60
miles, making the total lines 1,651 miles.
V. 77, p. 90. Of the 1,307
miles main track, 9 are laid with 85-lb., 617 with 75-lb., 30 with 70-lb., 610
with 56 lb. and rest with 35 and 60-lb. steel rails.
ORGANIZATION.— Reorganization per plan In V. 50, p. 141, 561, of
St. Louis Arkansas & Texas, sold in foreclosure in October, 1890. •
STOCK. Stock Issued, common, $16,500,000; authorized amount
Increased In 1902 to $35,000,000; pref.,
non-cum., $20,000,000, of
which in treasury June 30 1905, common, $143,900; preferred, $106,350.
Par of shares, $100.
The first mortgage certificates are Issued against a like amount
of first mortgage bonds secured upon the constituent lines at a rate not
exceeding $16,500 per mile, and the second mtge. certificates against
second mtge. bonds at $8,250 per mile.
The first consols of 1902 (authorized Issue $25,000,000), are secured by
all the property of the company, subject to the prior outstanding bonds.
Of the amount $6,000,000 were Issued to retire $1,700,000 equipment
bonds and other capital requirements; $9,000,000 were reserved to retire
I)-,
exchange the $10,000,000 second mtge. income bonds (of which $6,739,500 bad been acquired In July, 1004), and the remaining $10,000,000 for
acquisition of branch lines at not over $20,000 per mile, acquisition
and Improvements.
(V. 75, p. 136.)
See V. 74, p. 328, 578, 630, 831;
V. 75, p. 790; V. 77, p. 2160; V. 79, p. 2148; V, 80, p. 473, 872. Equipment trust notes In hands of public June 30 1905, $1,058,334.
Cray's Point Terminal guaranty In V. 69, p. 1062. St. Louis So. W.
owns all stock .and leases road for fifty years. (V. 65 p. 413.)
The Shreveport Bridge & Terminal Co.. which is controlled, Is leased
for 50
i.ug.
1005, Its $500,000 bonds ($350,000 Issued) being
guaranteed. V. 81, p. 1097, 1101; V. 82. p. 753.
EARNINGS. 11 mos., 11005-06 Cross, $8,263,578; net, $2, 102, 511
July 1 to May 31
Gross,
2,447,028
8,160,772; net,
J 1904-05
REPORT. Annua] meeting is held at St. Louis, Mo., on the
first 1
a October.
Report for 1904-05 was In V. 81, p. 1097.
Year ending June 30
1905
1904
1903
L902
Gn>
$8,860,231 $7,649,485 $7,278,575 $7, 267. 260
Operating expenses
6
5,173,066
5,421,597
5,256,164
Wm.
—
—
BOXDS
5%
—
—
—
—
1
earnings
$2,227,888
$2,304,357
$2,640 ,858
$2 823,833
218,195
Int. on 1st & con. morts . 1 ,373,076
mort. bonds
130,420
Tot.
Inc.
1
.
17 1.515
600
,30
:
1
1
130,460
,297,200
130,460
81 1,8 18
400
385,413
25,1
58,320
131 ,414
51 .22*
59,1 13
$1,043,822
$538,408
$564,375
$328,190
etc
Bal
01
Mana-'-r.
161 ,750
I
ntS
$2,094,194
$2,183,213
195,619
$2,022,411
$2,205,014
1
h.
.
[»r<
Edwin
Directors.
and
G. B
,
arner;
ec,
lav aj
I
Gi
lam
Geo.
.
ami
G(
Ei beldlng.
Howard Gould,
.
E. T. Ji
rew York;
Pai 011 1, SI
Louis.
e, 105 Broadway, N.
fV. 81 p. L101; V. .si', p s,
L269.)
ST. LOUIS
1
tSTERN RR. E
Louis, 111., to Troy, 111.,
'.111.-. III.:
with branch.
total. 20
mill
3
mile "I
all
outsta ding; par
bares, $100.
For
year
30 1905, gross, $393,409; net, $203,440; othei Ini
ill
Mun
on, 1.
H.
1
.
Y.—
1
,
,
TROY &
1
'
1
.
•
I
I
1
$87,500
I
19,
Pre
190
ST.
77
p. 251;
100,700
In
in
.
1
6100 bonds, valued at $4.87 per
June 30
I
e,
—
$1,361;
1
v. 61
.
I
La.,
Bond
c.
1005
Gould,
St.
Irltt,
10
/
The
icq
in
Miss Val Tr Co. St Louis Dec
J New York and London Jan
J.Ofnce C & N W.52 Wall Jan
N Central Trust Co, N Y May
1)
Northwestern Trust Co
Lake City
Salt
J Central Trust Co.
J|l
%
$500 bonds
1
control.
1905
7; net, $1 16,583; other
$61,156; bal., sur., $56,788.
President, Geo,
InJ,
Shore
<5c
U
e tei n
1
1
1
1
1
1
2
Jan
1943
1918
July
A
1
1919
1928
July
1923
1921
1
1953
O San
1
lj
4
4
4
J
J
5
J
l
M
5
5
5
J
|A
5g
&
&
&
&
A
&
|M
New York
J
J
J
D
Pittsburgh. Pa
S Mercantile Trust Co,
NY
J 5 Nassau Street, N Y
O Central Trust Co, N Y
S U S Mtge & Trust Co. NY
5
g
M
&
Si
5
g
J
&
J 44
do
do
Wall Street.
New York
Dec
1
Sept
July
1
April
1
Mar
Mar
1
1941
1942
1943
1928
1936
1935
July
1
1937
1
1
Lease acquired Aug. 16
& North West, through purchase of Milw.Lake Sh. & W.
PAUL UNION DEPOT CO Owns Union Passenger Station
—
(THE) ST.
with 8.76 miles of track (additional tracks being put in July 1902) the stock
being increased from $350,000 to $1,000,000 for improvements in progress;
,
owned equally by the
following:
Great Northern, Northern Pacific, Chic. St. Paul Minn. & Omaha, Chic.
& St. Paul, Chic. Great Western, Chic. Bur. & Quincv, Minn. St.
Paul & S. Ste. Marie, Minn. & St. Louis and the Chic. R. I. & Pac.
Authorized stock, $1,000,000. Rental covers interest on bonds and
4 % on stock since May 1 1902; from 1890 to May 1902 6 % dividends were
paid.
Year ending Dec. 31 1904, gross, $188,864; net, $25,935; other
Income, $36,565; int. on bonds, $26,500; dividends, $36,000. Pres.,
A. W. Trenholm; Vice-Pres., S. C. Stickney; Sec, W. G. Johnson.
Mil.
(V.74, p. 1090.)
——
SALT LAKE & LOS ANGELES RR. Road from Salt Lake to Saltair
Beach, Utah, 15 miles, standard gauge see V. 65, p. 824. Stock, $300,000
Leased to J. E. Langford for 1 year from April 15 1905. Year ending
April 15 1905, gross, $73,000; net, $30,000.
— (V. 65,
p. 824.)
SALT LAKE & MERCUR RR.— Fairfield
to Mercur, 12^ miles. Stock,
Bonds, see table. Calendar year 1903,
$300,000; par of shares $100.
gross, $67,605; net over taxes. $27,275.
President, L. L. Nunn, Telluride.
Col.
(V. 77, p. 770; V. 79, p. 1024.)
SAN ANTONIO & ARANSAS PASS RY.— Owns from Kerrville to Houston, 308 miles; Kenedy to Corpus Christi, Tex., 90 miles: Yoakum to Waco,
171 miles; Skidmore to Alice, 43 miles: Shiner to Lockhart, 54 miles.;
branch, 21 miles; total, June 30 1905, 687 miles, all 50-lb. steel.
HISTORY. — Reorganized
BONDS. — Mortgage is for
without foreclosure sale In 1893.
$21,600,000 (trustee. Central Trust Co.) and
the So. Pacific Co. by endorsement on each bond guarantees unconditionBonds for
ally "the punctual payment of the principal and interest."
$2,700,000 reserved for extensions, limited to 100 miles at $27,000 per
See full abstract of mtge. in V. 56, p. 540. Car trusts
mile, equipped.
June 30 1905, $108,425. Notes held by Southern Pacific Co. June 30
1905, $4,056,417, due July 1 1920, bearing Interest (non-cumulative)
at such rate, not over 4 %, as net earnings over betterments may suffice
V. 81, p. 1733.
to pay.
In 1903-04 (under order of the Texas Railroad Commission) canceled
$1,356,000 of the outstanding $18,900,000 bonds, reduced the stock to
$1,000,000, and separated the management from the Southern Pacific.
V. 77, p. 90, 148. 401, 452, 2340; V. 78, p. 2600; V. 82, p. 453.
—
ANNUAL
REPORT. Fiscal year changed in 1897 to end June 30. In
1904-05, gross, $2,631,313; net, $763,02 1: Int. on bonds, etc., $775,953;
In 1903-04, gross, $2,586,437; net,
balance, deficit for year, $12,929.
Directors, V. 77, p. 629.
President, YV. H. Mclntyre, New
$721,780.
(V. 82, p. 453.)
York; Vlce-Pres. and Gen. Mgr., A. M. Hobbs.
—
SAN FRANCISCO IDAHO & MONTANA RY. — Projected from San
Francisco northerly through Nevada. Oregon and Idaho via Boise to Butte,
Mont., about 1 ,000 miles, with a connectlng'llne from Mason to Winnemucca.
Nev. Of this, Boise to Mason City, it was reported, Is to be completed
about Jan. 1907. V. 82. p. 930. Stock authorized, $50,000,000. Stockholders on Jan. 2 1906 authorized an issue of $5,000,000 bonds, of which
1'res.,
s ..,110,(1(10 reported to be under option of purchase.
V. 82, p. 101.
William Peyton Mason. Minneapolis, Minn.; V.-P., C. H. Fleming; Sec, G.
(V. 82, p. 930)
T. Propper; 'and Treas. W. E. 1'man both of Boise, Idaho.
1
—
,
SAN FRANCISCO & NORTH PACIFIC RY.— Point
Tlburon, Cal.. to
ConsoliCal., 106m., and branches, 71 m., of which 3 m. leased.
Has steamer connection (6 m.) with San Francisco.
Mar. 19 188!).
dation
Leased to Cal. & Northw. Ry., Incorporated In Mar. 1898. The S. F. & N.
bonds, to be issued at $25,000 per mile.
uar. $2.i)()(l.(l(Kl Cal. iV Nor.
Stock Issued, $6,000,000; par of shares, $100.
V. (17, p. 870, 088, 788.
BONDS. Issued at $25,000 per mile; sinking fund, $25,000 yearly;
(Mtge. abstract. V. 49, p. 241.)
bonds drawn at 110 and Interest.
ANNUAL REPORT. -Report for 1904-05 In V. 81, p. 1490. showing
Uklah,
1
",",
.".
'.
—
gross, $1,.-(73, 759: net, $375,798; charges, $220,725; bal., sur., $155,073.
In 1903-04, gross, $1,357,667; net, $271.355.— (V. 83, p. 156.)
SAN PEDRO LOS ANO.ELES & SALT LAKE RY.— (See Map
— Completed In April 19051
Pacific coast, 806 m. of main
Sail
i'.icifu.)
on the
Lake City, Utah,
to
T'nlnn
San Pedro,
with branches, aggregating
line,
in all
Ry., '! m., being acquired, and merged
1,029 m., the
The portion from Daggett to
about April
1901 as a part ol the new line.
in
do
is (temporarily) tra
er Atoh. Top. & S. Fe.
Riverside,
in Pedro via Hawaiian Islands to
June 1908 steamship connection from
China, Japan and Man il.
V. 81, p. 1551; V. 82, P. 1328.
on July 7 1903 purohased portion ol Oregon Shori Line (un, Pao. sys.t
Lake Clt} to
Nov., 340 m., with some branch
extending from Salt
mileage and additional completed mileage south of Callentes. 512 m. in all,
1, the ore. Short
cine acquiring a half
forming part of the road abc
The Sail Lai e City terminals are leased for 99
Interest in the property.
LBS, 1356; \
V. 76, p. 920,
p. 38,
18, 695; V, 7.s, p. 1393;
Laa Vegas & Tonopah UU., allied road under construction
V. 79, p. 1024,
from Las Vegas, Nev., to Beatty, 117 m., of whloh 73 m. operated Juno
v. 8i p. 11
1906.
sioek authorized, $26,000,000; all Issued.
BONDS, or the is ot 1903 ($50,000,000 authorised Issue; Equitable Tr.
Co. of N. V.. misled $ 10.000,000 may be used for the following purpi
To pay for the 512 miieo
(balance reserved tor future requirements) \ \v,
oi Ore. Shon Line acquired, tor which $7, .son. 000 cash was paid, the road
I
I
1
m
,
!
.
1
i
.
1
.
,
.
.-.
lea and San Pedro terminals
already completed and acquired and
v. 77, p. 38, do.
Ing in ail $10,200,000) and to complete the Bystem.
I
VNDTRUNKR1
1
1
1
1989
1989
1947
1932
1955
1924
1»30
1913
1930
1944
1913
1918
.
Louis Iron
i>.
ST. PAUL.— Sec Chicago Milwaukee &. St. Paul.
ST. PAI LEAS! i.I/n OR
Owns from
Cllntonvllle, Wis.,
May
Jan
May
Broad, NY; & Frank't Jan
April
Francisco & N Y
J 25
J
g
,
.
N Y
paid in 1901-1902.
1
,
Stock auth.,
74, p. 630, 681.
$99
ed
11
1
St.
173.)
\
V".
,2
and
H.
.1th
LOUIS WATKINS & OULF RY.—L
98 miles, with
$1,22 000;
$1
V. 79, p, 2087;
$141,-
111
Edwin
,
!
Mo.— (V.
b
,
1
1
1
1893 by Chicago
1
11
N Central Trust Co, N Y Nov
J Mercantile Trust Co, N Y Nov
Dec
D N Y, B Gr Tr & St L
D Bowling Gr Trust Co NY June
Aug
A
earnings, Interest on bonds being guaranteed.
1
ANNUAL
!
Fe.
See text
565,000
250,000
2,500,000
4,940,000
2,964,000
375,000
1,000,000
300,000
DIRECTORS—
M
5g
1
1st
—
5
990,000
1893
1898
1906
1905
Second mortgage gold
Ce
Prescott & Eastern 1st M $375,000 p & guar.-Ce
Santa Fe Raton & Des Moines 1st M gold
Usm.c
41
Santa Fe Raton & Eastern 1st M g guar p & i. Usm.c
16
Saranac & Lake Placid See Chateaugay & Lake Pla eld
Sault Ste Marie Bridge
gold s f drawn at 110..C
1st M
1M
F
4g M
4
J
5g J
4g J
5g F
5g J
5
J
6g J
6g M
g &5g M
6g
5g
&
4g
&
6g
3,851,0001
1st
198
198
26 y
2
Dividend.
|
1,000
1,000
s
1st
Whom.
16.356,1001
19,893,650]
1st
1st
1st
Where Payable, and by
When Due.
& A R WInthrop & Co, N Y Feb 07-Feb '13
& N
do
do
To May 1 1913
monthly Amer Car & F Co, St L To May 1913
J
& J Blair & Co. N Y
Oct "06-Oct '10
A & O
do
do
Oct "06-Apr '16
4g
4 g
5g
5g
4y
2
$742,000
600.000
981,142
870,000
3,080,000
1,000
—
M
15
—
Salt Lake & Mercur — First mortgage $300,000 gold.B
12MS
San Antonio & Aransas Pass — Stock
First M $21,600,000 gold guar p & i(end) ..Ce.c* &r
723 1893
San Diego Cuyamaca & Eastern Ry — 1st M gold.. Me
25 1888
San Francisco Idaho & Montana —
M $5,000,000 g
San Francisco & Nor Pacific —
M gold f.Me c* &r 165 1889
Cal Xorthw
M $2,000,000 gold guar p & sink fd
60 1898
San Francisco & San Joaquin Valley — See Atchison To peka& Santa
San Pedro Los Ang & S Lake —
M $50,000,000 gEq
1903
San Pete Valley — First mortgage gold
1894
Second mortgage
F
1895
Santa Fe Central — First mortgage $2,500,000 g. PPi.c*
117 1901
Santa Fe Prescott & Phoenix —
M $5,000,000 gMec*
1892
M
%
20,000,000
3,260,500
$
When
Payable.
Rate
1,000
100
100
1,000
500 &c
1,000
1,000
1890
1891
1897
1902
1905
1904
1902
1883
1880
1894
1893
1898
1,223
1.223
16
1,271
— PrinciStocks — Last
Bonds
pal,
'
Value.
of
—
5%
—— M
—
Size, or
Road. Bonds.
—
& San
St. Louis
&.C., see notes
page of tables.
first
[Vol. lxxxiii.
d Oct. 30 1884
ol
gross
Pres.,
directors,
W.
1
\.
eb
Clark; See., w. 11. Oomstock; Treas,, w. 11. Lcete.
1906, V. 82, p. 281. -(V. 82. p. 281, 1323.)
New
July.
1906.]
RAILWAY STOCKS AND BONDS.
127
RAILWAY STOCKS AND BONDS.
128
Miles
column headings,
of
on
first
page of
&c,
Date
of
of
see notes
—
—
—
Schuylkill & Juniata — See Pennsylvania RR,
Schuylkill & Lehigh — First M guar by Reading Co
Schuylkill Valley Navigation & RR — Stock
Seaboard Co — Common stock $36,000,000--
Amount
Value.
Outstanding
When
Where Payable, and by
Payable.
Whom.
Rate
%
1903
1902
$1,000
1,000 &c
$185,000
600,000
44
1898
1,000
50
100
100
100
600,000
576.050
28,544,337
6.360,287
15,992,900
1,000 &c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
ortgage.
1,000
12,775,000
10,000,000
5,760,000
4.665,000
403,000
1,052,000
512,000
450,000
969,000
1,760,000
4g
3,000,000
•100,000
•55,000
3,000,000
410,000
4,372,000
2,033,000
6,085,000
1,000,000
5,360,000
1,000,000
1,200 000
2.500,000
•285.000
S
—
1
-First pref stock
$18,000,000 convertible (text)
Second pref 6
non-cum $18,000,000 red (text)..
Seaboard Air Line Ry
First
CoBa c&r
$75,000,000 gold (see text)
CoU trust ref
gold $10,000,000 red at 105_.Ce c*
Atlanta-Dirm Division 1st
$10,000,000...
c*
CoU trust & gen lien
$5,000,000 gold red par_.N
M
5%
M
Equipment trust due
Equipment mortgage
do
do
do
do
do
do
M
M
All
K
192
quarterly (V 74 p 380)
gold Ser C due quarterly. Q c*
gold Ser D due $32,000 s-a..
gold Ser E due $25,000 s-a..
gold Ser F due $51,000 s-a..
do
do
gold Ser G due $88,000 s-a. N
Old Loans excluding (*) amounts pledged under co nsolid
Carolina Central 1st consol
gold guar p & 1 (end) . F
267
Durham & Northern first mortgage $150,O00..MeBa
42
Roanoke & Tar River $260,000
MeBa
32
Florida Cent & Pen 1st
575
($5,226 p m) gold...Ce c*
Second
(1st on ext, 92 m) $5,226 p
666
g.Mp c*
Consol
780
$7,800,000 ($10,000 p m) gold-.-Qc*
South Bound 1st
136
gold interest rental.. MeBa c*
Georgia & Ala 1st
cons $6,185,000 gold..BBa c*
400
Georgia & Ala Term Co 1st
(call at 1 10) guar p &
Georgia Carolina & Nor 1st
gold guar
MeBa c*
268
Raleigh & Augusta first mortgage
107
R & G first mortgage $1,500,000 gold
MeBa.c
"81
S & R first mortgage $2,500,000
MeBa.c* &r
Debenture $690,000 to be secured by any 2d M..r
M
M
M
M
m
M
M
M
M
I
1900
1901
1903
1904
1902
1903
1904
1905
1905
1906
ated
1899
1888
1887
1888
1890
1893
1891
1895
1898
1889
1886
1897
1886
1886
m
,000
,000
,000
1,000
1,000
1.000
1,000
1,000
1,000
100 &c
—
SAN PETE VALLEY RY. Nephl, Utah, to Morrison, 51 m.; Ouarry
Branch (opened Aug. 1899), Nephl to Cooper, Utah, 5 m.; total, 56 miles.
Stock, $510,000: par of shares, $100.
Year ending June 30 1905, gross.
$22,862; def. under oper. exp., $11,414. Theo. Bruback, Gen. Mgr., Salt
Lake City. Utah.
SANTA FE CENTRAL RY. Owns from Santa Fe, N. M., south to Torrance, 117 m., opened Aug. 1903.
Branch from Morlarlty Jet. to Albuquerque, N. M., 47 m., under name of Albuquerque & East. Ry., was under
construction In Oct. 1905.
In Mar. 1906 C. W. & E. R. Tallmadge of Chicago, It was understood, arranged to acquire the road. V. 82, p. 569.
The
Alb. & East, has made a mtge. to the Pitts. Tr. Co. as trustee.
Other allied
—
,
V. 80, p. 221.
lines, see
Stock authorized, $2,500,000,
all
outstanding.
W. H. Andrews; Sec. and Treas., W. C. Hagan, Arrott Bldg., Pittsburgh, Pa.— (V. 80, p. 223; V. 81. p. 1725; V. 82, p. 569.)
SANTA FE PRESCOTT & PHOENIX RY.— (See Map Atchison Topeka
Pres.,
A
— Owns Ash Fork, via Prescott, toAriz., 26.4 m. built under
Phoenix, Ariz., 195 m.;
March 1895. P. & E. Jet.
Mayer,
Santa Fe.)
opened
In
to
charter of Pres. & East., was completed In Oct. 1898, and Is leased for 99
years and Its $375,000 bonds guaranteed.
Branch from Huron, Ariz., to
Big Bug mines, 8 m., completed April 1902; branch from Mayer to Crowned
King mine, 27 m., completed May 1904; total, June 30 1904, 256 miles.
Branch from Wlckenburg, Ariz., to Salome, 49 m., was opened July 15 1905.
Phoenix & East. Ry. completed Phoenix to Wlnkelman, 104 m., and under
construction to Benson, 81 m. additional. V. 77, p. 90.
•
Stock, $7,903,000. The road Is tax exempt by legislative enactment for
20 years from 1891. TheAtch.Top. & S. Fe took possession Nov. 8 1901,
having acquired $2,963,000 of the 2nd mtge. bonds and all of the stock.
Dividend, 3 %, paid Apr. 30 1903; In June 1903 and 1904, each 2 %. See official statements, V. 73, p. 898; V. 74, p. 150; V. 68, p. 326; V. 75, p. 680.
Years.
Gross.
Net.
Rental.
Interest.
Bal.,sur.
1903-04
$1,203,671
$609,421
$23,633 $395,200 $190,588
1902-03
1,045,232
571,125
17,950
395,228
157,947
(V. 73, p. 781, 844, 900, 954; V. 75, p. 667; V. 77, p. 90.)
SANTA FE RATON & DES MOINES RR. (See Map.) Under construction from Carlsbrook, at a connection with the Santa Fe Raton & Eastern
RR., 4 m. from Raton, N. M., on the main line of the Atch. Top. & S. Fe
Ry., to Des Moines, N. M., on the Col. & South. Ry., 41 miles.
It has
leased for 99 years the S. Fe Raton & East. RR. guaranteeing principal and
Interest of Its bonds and 5
on Its stock. Total mileage, 57 miles.
•
—
.
—
—
,
%
SANTA FE RATON & EASTERN RR.— (See Map.)— Extends from
Raton, N. M., to Yankee, N. M., 12 m.; branch from Carlsbrook to Sugarlte,
4 m.; total, 16 miles.
Leased to S. Fe Raton & D. M. RR. as above.
SARATOQA & SCHENECTADY RR.— (See Map Del. & Hudson.) —
Saratoga to Schenectady, 21 m. Leased In perpetuity in 1861 to Rens. &
Saratoga and lease assigned to Del. & Hudson, by which It Is operated.
Rental. $31,750 per year. Stock, $450,000.
Dividends, 7 % yearly, paid
Jan. and July 15 at Troy, N. Y.
SAULT STE. MARIE BRIDGE.— Owns Sault Ste. Marie Bridge, Including 6,421 feet of main track.
The Can. Pac, Dul. So. Shore & Atl. and
Minn. St. P. & S. Ste. Marie RR. cos. agree to pay for use of bridge an
amount equal to operating expenses and Interest and s. f. of debt.
Mtge,
$1,000,000; s. f., $5,500 yearly.
Stock, $1,000,000.
SAVANNAH UNION STATION CO.— Owns union pass, station and terminal at Savannah, Ga.. with 8 m. of track.
Leased by the Southern Rv.,
Sav. Fla. & West, (now Atl. Coast Line RR.) and Seaboard A. L. Ry.,
which own the $300,000 stock, the rental providing for interest and s. f. on
bonds, maintenance, &c.
Pres., W. W. Mackall: Treas., Savannah Tr. Co.;
Sec, W. V. Davis.— (V. 71, p. 348; V. 74, p. 1039, 1253.)
SAVANNAH & STATESBORO R V.— OwnsICuyler to Stateboro.'Ga., 32.6
m.: trackage, Cuyler to Savannah, 20 m. V. 79, p. 2148.
Stock authorized, $300,000; outstanding, (200,000.
Has traffic contract with Seaboard
A. L., which guar, bonds by endorsement, prln. and Int.; Savannah Tr. Co.,
trustee, V. 75, p. 1303; v. 77, p. 695.
Form of guaranty, V. 81, p. 014.
Year ending June 30 1009 gross. $53,397; net, $19,764; taxes, $1,571;
Int. on bonds, $0,250; bal,
sur.. $8,943.
Pri
and Treas., J. Randolph
Anderson, Savannah; Sec, A. J. Brannen. Office. Statesboro, Ga. (V.78,
l.
—
p. 1110; V. 79. p. 2148; V. 81, p. 814.)
SCHUYLKILL & LEHIdrl RR.— Owns from High's Farm near Heading
Pa., to Slatington, Pa., 46.0 m.
In 1883 lea
d 60 Phlla. & Head. UK. for
008 ,eai
and In 1806
by Phlla. & Read. Ry. Rental, (27,000 yearly.
Heading Co, owne tocfc ((600.000), of which (508,000 Is deposited undei
or IK07.
,
ii
1
,
SCHUYLKILL VALLE
I
V
NAVIGATION & RR.— Port Carbon
dale, Pa., 11 m.; 2d track, 5 m.;
d July 25 1861 foi
1806 by P. & H. Ky. Co.
Stat'
to
Reeves-
&o., 11.41 m.; total track, 28 m.
Lease assumed In
Rental (29,450, which pars
on stock and
1
,
Phlla.
&B
&%
—
In
June
,
i
to the S. A. L., the Seaboard Co
the raiiv.
the rallwa
v. 80,
scrlbe.
louth W(
Rutherfordton
STOCB
&
&
4 g
Dividend.
Savannah Trust Co
J
O Standard Trust
Co,
N Y
I
Jan
1
April
1
1953
1952
Phlla & Read RR, Pblla May 1 1948
J Reading Terminal, Phlla Jan 13 '06 2
N
^%
,
Julyl5 06[2H%
5
&.
&
&
&
&
&
&
&
&
&
g
4 g
5
g
4H
4^ gJ
5
5 g
5 g
5g
O
N Y
24 Broad Street,
N
do
do
do
do
do
S
S
A
.1
D
do
D New
1
1
1
Nov'06-Feb'12
July'06-Apr '13
Dec '06-Junel4
Oct '06-Apr '15
Dec '06-Dec'15
Dec'06-June'16
do
York
& J
do
do
& N Merch Tr & Dep Co,
do
do
& O
1950
1911
1933
1907
1
Mar
N Y
24 Broad Street,
D|
April
May
May
do
do
do
do
do
Jan
Bait
1
Nov
1
1949
1928
1917
July
Jan
Jan
N
1918
1930
1943
1941
1 1945
1948
Dec
New York
1929
Merch Tr.&.Dep Co, Bait July
1926
do
Jan
do
1947
do
do
Jan
1926
do
do
July
do
do
After July 1918
24 Broad Street,
do
do
do
do
24 Broad St, N Y, or Bait April
24 Broad Street, N
Oct
Of the new stock, $10,375,000Jlst
com. above the amounts issuable
in
$76,650 2d pref. and $553,070
for Seaboard Air Line Ry.
pref.,
exchange
stocks will be available for the new company.
New Voting Trust. The present vot'ng trust of the Ry. Co. may be wholly
or partly dissolved and a new one created for 5 years, to trustees selected
by the committee. V. 81, p. 32, 559; V. 82, p. 1497; V. 83, p. 156.
—
—
—
SEABOARD AIR LINE R V. (See Map.) This company owns a line
from Richmond, Va.. to Atlanta. Ga and Tampa, Fla.," &<:., viz.
-Miles.
Lines owned in fee
Miles.
Proprietary Lines.
Richmond, Va .to Savannah, Ga.502 Portsmouth. Va., to Weldon.N.C.si 81
Wilmington, N.
Starke to Suwanee River, Fla.. -58
to Atlanta,
32
Ga
437 State Line to Lewlston, N. C
Savannah, Ga.. to Montgomery,
Atlanta & Blrm. Air Line,
—
'
C
280
miles
trackage
Howells, Ga., to Birming32
Ala.
(Including
194
miles branches)
63
Trackage
806
358
Ala. (58
ducted)
Total sys. (see V. 74, p. 773). .2, 811
de-
Savannah, Ga., to Tampa, Cedar
Keys. Chattahoochee River,
&c
Other
lines
ham,
Roanoke & Tar River RR. (stockjall
owned) 32 m.; Seaboard & Roanoke RR. (all of stock owned) 81 m.; Atl.
Suwanee RIv. & Gulf RR 58 m. (stock all owned) Georgia & Ala. Terminal
Co., operating 8 m. of track.
Also owns a 1-6 Interest In the Richmond- Washington Co. controlllng'the
road from Richmond, Va., to Washington, D. C. (V. 73, p. 843), and under
The proprietary
lines Include
:
,
.
.
;
agreement with the Penn. RR. maintains through car service between
N. Y., Phlla.. Washington and the South. Also controls the Bait. Steam
Packet Co. (unbonded) and a substantial Interest In the Old Dominion SS.
The Atlanta-Birmingham division, completed In Dec. 1904, extends from
Atlanta, Ga., to Birmingham, Ala., 174 miles, with branches, 30 miles.
V. 76, p. 489, 706; V. 77, p. 647: V. 79. p. 734.
traffic
—
ORGANIZATION. An amalgamation In 1900 of "Seaboard" lines.* -In
July 1905 over 82 H % of stock had been exchanged for stock of the Seaboard
Co., the new holding company (which see above) per terms below and plan,
V. 80, p 164, 601, 552, 1972. The dissenting stock (about $10,000,000) Is
mostly held by Mlddendorf, Williams & Co., Baltimore, and John L. Williams & Sons, Richmond, Va. V. 81, p. 1850, 1793; V. 82, p. 1497.
,
STOCK.— Authorized $75,000,000, of which $25,000,000 pref.; outstandPref. Is entitled
ing Oct. 1905. com., $37,005,000. and pref.. $23,895,000.
non-cum., then com. to 4 %, then pref. 2
additional, any surplus to
to 4
com. Par of shares, $100.
%
%
—
VOTING TRUST. Both^classes of stock are deposited with voting
trustees until April 1 1910. although the latter may In their discretion deV. 77, p. 351, ?<)99.
liver the stock at an earlier dare.
Thomas F. Ryan (Chairman)
James A. Blair, Ernst Thalmann, James H. Dooley, T. Jefferson Coolldge
Jr., C. Sidney Shepard. S. Davles War field, N. S. Mcldrum (Secretary), 38
Nassau St. N Y. City. Under their plan of June 1905, now effective (see
Seaboard Company above) the assenting holders received:
Pays
Receives
1. If subscribing for first preferred
cash.
1st pref. 2d pref. Common
Per $1 00 of existing
50
50
..$12
Preferred stock
$12
$12 50
$75
12 50
87 50
Common stock
12 50
...
2
If not subscribing
Preferred stock
75
REORGANIZATION COMMITTEE.—
,
—
—
—
Commonstock
BONDS. The
75
are
— 4s of 1900 froma Richmond on about 350 miles 106 road, Inof
eluding 102 m. of main
to
and
m. from
first,
lien
Rldgeway,
line,
Hamlet to Columbia (subject only to $155, otto prior lien bonds on two
branches): also a direct mtge. on the whole 2,383 in. of consolidated road,
subject only to $26,560,000 prior lien outstanding bonds and a consolidated
collateral lien on the remainder
..$75,000,000
Total authorized Issue 4s of 1900 In no case to exceed
c i r which outstand tag-.
12, 775 ,000
20.000,000
Deposited to secure the $10,000,000 coll, tr. ref. 5s..
nitre, and coll. tr. 5s
Deposited as collateral for (5,000,000
1.500,000
teposlted as collateral or In treasury
1,500,000
Reserved to retire at maturity, dollar for dollar, nil the underlying bonds on the various divisions Of the system
29,725,000
1905 for additional properties, ImIssuable only affer July
at not exceeding SI ,500,000 for
provements, extensions, &0.,
four years and $1 ,000.000 per annum thereafter
9,500.000
The collateral trust refunding gold 5a of sini are secured by deposit with
V. 70, p. 842,
the trustee of $20.0110.000 -Is of 1900.
The Atlanta & Birmingham division Is or 1903 ($10,000,000 authorized
sue) are secured on the line from lowell's Jot., Ga., to Birmingham, Ala.,
V. 76, p. 1802; v.77.p.647: V.81,p. 1850.
13 m., with branches, 80m,
The mtge. and coll. tr. :>s of 1904 are secured by a lien on $20,000,000 of
1st mtge. bonds (subject to existing liens) .union various securities, and by
TX, p. 821) and a gen.
direct deposit of certain securities owned (see Us) \
mtge, on all property now owned or hereafli acquired ol tier than securities
peel ally excepted, v.78, p. 104,229,989. Seaboard A.- Roanoke car trusts,
166,050
The plan above described provides for the making or a new mtge. by the
Seaboard Air Line Ry. to secure (18,000,000 of B ", bonds, be present Issue
...
here of to be olfered pro rata to stockholders. V.Ml.p, 11172.
1
1
i
1
1
.
1
will
have the
t>.
,
\\ 0., owns a block of the stock.
1st pref 5
The
and non-cum,
5g
It
SEABOARD COMPANY, ORGANIZATION.— Incorporated
19or. as a holding company per plan, V. 80, p 104, 601 552. 1972, to provide
for the liquidation ol the floating debl or the Seaboard \. L. Rv.. Improvements,
000 oa b to be ad\ anced
When Due.
pal,
Par
Road. Bonds.
tables.
Bonds
Sile or
Savannah Florida & Western See Atlantic Coast Line RR
Sav & Statesburg 1st M $500,000 guar p & (end) .0*
33
Savannah Union Station Co 1st M $600,000 g-Mo.. r
...
Schenectady & Duanesburg See Delaware & Hudson Co.
%
—PrinciStocks —Last
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
[Vol. lxxxiii.
which
oard
to subextendi
right
Is
Mr
it
V. 83, p. 156,
toprln. and dividends
ter cumulatlvi
v.- al option of
vn from July
able at option- ol company a
holder into 2d pre! itook at par.
The 2d pref. 6
m took la re
deemable at option of company at 110 aftei
irel
shall
have been redeemed or converted. The amount of 2d pref may be In
creased for conversion of the
aii ola Be of stock have full \oting
t prel
power. In July 1905 over 82 '<; % of the Seaboard A
been acquired in exchange for stock of the Seaboard
ma of exchi
for old snick under, Hallway Co.)
i
i
|
1
f
I
i
;.
I
t
IUARANTIES.—The Savannah A StatesborolandlFlorlda West Shore
bonda ((185,000 and $712,000, respectively) an
teed as to prln. and
Int.; also Richmond- Washington Co. bonds. Jointly and severally with 5
other companies. V 77, p. 647, 848: V. 79, p. 2148.
LATEST EARNINGS. For 11 months ending May 3i:
II months.
1005-08
1904-05
-
-
.
Crass.
Net,
*.
(13,898,126
12,439,407
•
'
(3,848,651
3,690,683
Oilier Inc.
•
Cliurncs.
(17,666 -(2,865,420
2,755.760
25,882
•
Bal., sur.
$1 ,000,897
066,779
July, 1906.
J
RAILWAY STOCKS AND BONDS.
3
y
.
COL
x
129
130
RAILWAY STOCKS AND BONDS.
SEABOARD AIR LINE
SYSTEM.
[Vol. lxxxmi.
July. 1906
]
RAILWAY STOCKS AND BONDS.
131
RAILWAY STOCKS AND BONDS.
132
Miles
column headings, &c.
of
on
first
page of
of
see notes
Date
of
—
—
—
—
Skaneateles
M
RR— 1st
—
—
Dep Co
37
trustee)
5
Somerset Railway First mortgage
C
Consolidated mortgage $420,000 gold
First and refunding mortgage $1,500,000 gold..AB
South Carolina Pacific First M cur interest rental.
South Pacific Coast First M gold guar (s f 1912) _.F.c
South & Western First M $600,000 gold red (text)-.c
South Georgia & West Coast— Mortgage $250,000 gold
So & No Ala— 2d M gold $2,000,000 (owned by L & N)
Consol mortgage (for $10,000,000) gold guar_.Ce.c*
Improvement M $2,000,000 gold (owned by L & N)
Southern Illinois & Mo Br 1st M $3 000,000 g.Me.c*
Southern Indiana First M gold (see text)
EC.c*
General mortgage $6,000,000
Chicago Southern coupon notes gold guar p & 1..QP
Southern Pacific Company— Stock ($200,000,000)-.
Pref stock 7 % non cum $100,000,000 conv red
Coll trust M gold subject to call at par
tin c*&r
Steamship first mortgage bonds Series A $3,000,000
Coll trust M $30,000,000 gold red par after 2 yrsCe.c*
Southern Pacific RR Stock $160,000,000 authorized
42
42
96
——
—
10
104
38
189
189
189
—
—
192
=.
—
MSerC & Dglland grant-
All equally] 1st
secured
Series
1,000
1,000
100
1,000
1898
1887
1900
1905
1884
1887
1902
1903
1880
1886
1904
1901
1901
1906
1905
1,000
500 &c
500 &c
100 &c
1,000
1.000
1,000
1,000
1,000
1.000
1,000
1,000
500 &c
1,045 J1875
500 &c
500 &c
REPORT.— Fiscal
yr.
ends Juue 30.
Report
100
for 1904 05.
Gross earnings from railways..
Gross earnings from water lines
$14,201,943 $13,311,409
$3,233,948
$4,177,384
$2,546,817
$2,759,765
196,787
254,643
49,663
48,925
—
Deduct Interest on bonds.
Other Interest
Rentals and miscellaneous
OFFICERS.— Pres. and
p.
1,000
30 1905
1370
1903.
..$13,619,274 $12,750,271 $12,156,928
549,600
561,138
582.669
Total gross earnings
Net earnings, lncl. other income
Balance, surplus
V. 81,
1904.
1905.
,666
i
$12,706,528
$3,473,781
$2,481,400
104,668
55,232
$832,481
$382,825
$1,171,907
Gen. Man., Alfred Walter; V.-P. and Treas., N.
Meldrum: Sec, D. C. Porteous: Comp., T. W. Roby.
Directors Jas. M. Barr, Portsmouth. Va.: H. Clay Pierce, St. Louis; S.
Davles Warfield, Baltimore. Md.; James H. Dooley, Richmond, Va.; B. F.
Yoakum, Ernst Thalmann, John B. Dennis, James A. Blair, N. S. Aleldrum,
Charles A. Conant, New York; Thomas F. Ryan, Oak Ridge. Va'.: C. Sidney
Shepard, New Haven, N. Y.; T. Jefferson Coolldge, Jr., Nathaniel Thayer,
Boston; Norman B. Ream, Chicago; Geo. W. Watts, Durham, N. C.
Executive Committee James A. Blair (Chairman), Thos. F. Ryan, T.
Jefferson Coolldge Jr., C. Sidney Shepard, John B. Dennis, B. F. Yoakum
and S. Davles Warfield.
Gen. office, Portsmouth, Va.; N. Y. office, 24 Broad St.— (V. 83, p. 39 )
S.
—
—
SEABOARD & ROANOKE RR.— See Seaboard Air Line Ry. above.
SHAMOKIN SUNBURY & LEWISBURO RR.— (See Map Reading Sys-
over Susque— Carbon Run Jet. to West Milton, Pa with Iron bridgem. Leased to
hanna, 31 miles: second track. 15 m.: total of
track, 57
tem.)
,
all
% on the stock, and lease
1896 by Phlla. & Reading Ry. ITsed for coal traffic northward.
Stock. $2,000,000 (par $50). owned by Reading Co., of which $1,995,00') Is
deposited under mtge. of 1897.
(V. 51, p. 21.)
Phlla.
& Read RR.
assumed
July
2
1883 for 999 years at 6
In
—
SHAMOKIN VALLEY & POTTSVILLE RY.— (See Map Pa. BR.)— Sunbury, Pa., to Mt. Carmel. Pa., and branches, 38 miles. Leased Feb. 27 1863
for 999 years to Northern Central Ry. Co. with a guaranty of taxes. Interest
on bonds and 6% on stock ,|of which N. C. owns $619,650.— (V. 78, p. 1908.)
,
—
SHARON RY. Owns from Newcastle, Pa., via Sharon to Pymatunlng,
Pa., with branches, 33.07 miles In all. Consolidated with Newcastle & Shenango Valley RR. and then leased to the Erie RR. for 900 years from Dec. 1
1900, for Interest on bonds and 6
on stock, the old leases being canceled.
•
(V. 73, p. 399; V. 78. p. 288.)
SHREVEPORT BRIDGE & TERMINAL CO.— Owns bridge over the Red
River at Shreveport, La.
Controlled by St. Louis Southwestern, which
guarantees $500,000 of the bonds principal and Interest (see that co.) and
leases bridge for 50 years from Aug. 1 1905; V. 81, p. 614. Also used by
%
—
& Pacific, Vlcksburg Shreveport & Pacific, Louisiana Ry. & Navigation. Kansas City Southern and Houston East & West Texas (Southern
Pacific).
See V. 82, p. 753. Pres., T. Alexander.
(V. 81, p. 614, 753.)
Texas
SIERRA RAILWAY (OF CALIFORNIA)
—
—
(See Map.)— Owns road from
Tuolumne, Tuolumne County, 56.5 miles.
Branch, Jamestown to Angels, 19.3 miles; total, 75.8; yard track and sid-
Oakdale
.
In Stanislaus Co., Cal., to
ings, 8.6 miles.
The Yosemlte Short Line Ry. was In April 1906 building a 50-mile extenfrom Jamestown to Yosemlte National Park; this road Is to be leased,
stock at $25,000 per mile and 1st mtge.
bonds at $12,500 per mile
(Central Trust Co. of Cal., trustee) to be Issued, guaranteed principal and
Interest.
V. 81, p. 1175.
Stock authorized, $5,000,000; Issued, $3,248,000. Of the $860,000 5
40-year bonds, $633. 009 were used to refund the outstanding Income bonds,
the remaining $227,000 being reserved for future requirements. V. 79, p.
270.
For year ending Dec. 31 1905. gross, $364,713; net, $166,934; Int.,
taxes. &c, $121,523; bal.. sur., $45,411.
Pres., T. S. Bullock; Sec.S. D
Freshman. Jamestown, Cal. (V. 80. p. 1112: V. 81, p. 212. 1175.)
SIERRA VALLEYS RR. Plumas to Mohawk, Cal., 37 miles. Stock.
$945 000: par, $100. Controlled by Nevada-Cal. -Oregon Ry., to which
was due for advances June 30 1905 $214,409
V. 79. p. 2643. Year ending
June 30 1905, gross, $24,925; net, $10,227; total deductlons,$13,887; bal.
def..$3.G60. Prea. .E.R.Dodge, Amedee. Cal.— (V. 74, p. 776; V.79,p.2643.)
SILVER SPRINOS OCALA & QULF RR.— See Atlantic Coast Line RR.
SILVERTON RY. Owns Sllverton, Col., to Ironton, 22 mlleR. A reorfanlzatlon In Nov. 1904 of Sllverton RR.. foreclosed. V. 79. p. 2589. Stock,
350,000; par., $100. Bonds, $500,000 1st 5s. due Jan. 1 1935. Year 190405. gross. $9,243; net. $3.440.— (V. 70, p. 2589.)
SOMERSET R Y. Owns road from Oakland to Bingham, Me., and branch
42 miles.
Extension is building from Bingham to Birch Point, on Moosehead Lake i 54 m., of which 20 m. completed and balance to be by Dec. 1000,
Maine Trust fc Hanking Co., GardiCapital stock Is $736,619 (par, $]ooi.
ner, Me., Is trustee of the K of moo.
Tin- 1st and ref. 4s of 1905 ($1,500,000
authorized Issue) are a first Men on the extension from lllni'ha in to Moosehead Lake and equipment; of the balance unissued $420,000 nre reserved
to retire the |307, S00 old bonds and $210,000 for Improvements at 80% of
cost, but only when nei earning) are twice the Interest on the bonds then
mils payable June 30 1005, $228,205.
v. m.i, p. 97.
outstanding,
EARNINGS. For B mos. ending Mch. ;n 1006, gross, 1133,004: net.
Gross,
ur., 132,850.
For year 1904 05:
$55,925; charges, $24,068; bal
$127 iih; net $53,101 chargei $27,427; balance, surplus for \ ear, $25,734.
sion
4^%
%
—
—
—
—
.
— (V. 73,
.
p.
i
1008; v. 83, p. B7
.
I
SOUTH CAROLINA & (1FOROI A PP. See SOUth'n
SOUTH CAROLINA PACIFIC RY. North Carolina
Ry.. Carolina Dlv.
State line to Bennettsvllle, S. C, 10.50 miles. Leased till Dec. 1914 to Atlantic Coast Line
RR. for Interest on bonds. Slock. $100,000 Bonds, See table.
SOUTH OP.OROIA & WEST COAST RY. Adel to Perry. I'la.. 77 miles.
xtcnsion is proposed from Greenville to the Gulf, io m. stork. $65 ooo.
u ed o pay off present debt;
The bonds ($260,000 authorized Issue) are to
—
r
t
Whom.
Dividend.
5
6
M
g
J
F
6
100.000
Boston & Oakland, Me
225,000
172,500
Nat Shaw Bank, Boston
J
Amer Loan & Tr Co, Bost
864,000
J
Baltimore, Md
104,600
!A
5,500,000
So Pac, 120 B'way, N Y
J
Investors Tr Co. Phlla
600,000
U
New York & Quitman, Ga
250,000
:j
2,000,000
6g IA & O Office, 71 Broadway, N Y
do
do
a8,000,000
F & A
5
5
1,920,000
F & A
Trust Co, N Y
4
!M & N Alercantile
3,000,000
7,528,000
4
F & A John C King & Co, N Y
5
See text
4,000,000
5g J & J Glrard Trust Co, Phlla
197,849,258
~j Checks mailed
40,000,000 7 In 1906 J
D 120 Broadway, New York
30,018,500
4g J
do
do
2,001,000
6
J
do
do
b7 ,253,000
4g J
128,307,960
& O So Pac, 120 B'way, N Y
7,401,000
6 g
A
do
do
]A & Oi
5,116,000
6 g
do
do
3,533,000
6g A & O
owned by t he Louis ville & N ashvllle. b Remaining
April
1
Aug
Aug
Nov
1
1
1
Feb
1
1917
1950
1955
1914
1937
1952
1923
1910
1936
1936
1951
1951
July
1
1907
July
July
July
1
Oct
1
1
1
July
1
Jan
Jan
1
1
,
1899
1891
1905
11882
E & F gold/sinking fund
So Pac Br 1st M gold s f $50,000 in 1897 not drawn
240 1887
a Of the consols «''nwn as outstanding $4,753,000 was on June
treasury March 1«06.
In
&c
1,000
Where Payable, and by
Payable.
|
When Due.
& N Phlla & Read RR. Phlla May 1 1912
July 1 1925
do
do
& J|
& A Broad St Station Phlla Aug 1906 3%
July 1 1931
do
do
3H g J & J|
Mar 4 1906 3%
AI
6
& S Sharon, Pa
4 H g J
& D Farmers L & Tr Co, N Y June 1 1919
do
July 1 1917
do
& J
6 g
J
6 g
A 12 & O Crocker- Wool worth Bank April 12 1937
do
Sept 15 1944
do
5 g
M 15 & S
Sept 1 1945
do
do
S
4'A g,U &
1915
& A In default.
6
F
F
US Mort & Tr Co, N Y Aug 1 1918
1.239,000
633,000
See text.
300,000
;
100
100
c*l
c*J
]
%
RR.
See Atlantic Coast Line
Usm
M$100,000 gold
Qulf
1.000
50
1,000
1,000
1,000
When
Rate
$1,000,000
1,000.000
869,450
2,000,000
794,100
164.000
250.000
1897
1904
1905
1895
——
(Cal Safe
$1,000
1901
1
&
Amount
Outstanding
1889
1887
38
38
33
First M 52,000,000 gold sink fund (not drawn) ..c*
Sharon Stock ($800 000) 6 % guaranteed by rental. F
Sharon first mortgage gold (Sharon to Pymat, etc) F
16
New Castle & Shenango Valley 1st M Interest guar
17
Shreveport Bridge & Terminal See St Louis Southwe stern
Sierra Ry (of California)
77
First mortgage gold
Second mortgage $860,000 gold.
77
Yosemlte Short Line 1st M $875,000 gold guar p &
Sierra Valleys
1st
Silver Spring Ocala
Par
Value.
1882
1890
31
31
— PrinciStocks — Last
Bonds
pal,
Sl:e, or
Road. Bonds.
tables.
Shamokin Sun bury & Lewisburg First mortg'e.C* &r
Second mortgage gold
c*
Shamokin Valley & Pottsville Stock guar by Nor C-
—
Vol. l xxx hi.
INTEREST OR DIVIDENDS.
RA ILROADS.
For explanation
I
3H%
July 2 06
1949
Aug
1911
Jan
1910
June
1
1906
1912
1 1937
22,747.000 held
Oct
1
April
April
1
balance for Improvements. F. J. Spain of Quitman. Ga.. is mortgage trustee;
V. 76. d. 706. For year ending June 30 1905, gross, $106,189; net, $38,823.
Int.. taxes, &c, $24,642; bal., sur., $14,181. Pres., J. W. Oglesby; Treas.,
C. T. Tillman.— (V. 76, p. 706, 866.)
—
SOUTH & WESTERN RR. Owns and operates Johnson City, Tenn., to
Spruce Pine, N. C, 64 miles:.also graded Johnson City, Tenn., to Gate City,
Va., 32 m., and Cllnchport, Va. to Minneapolis, Va., 40 m.
Extensions are proposed, the line to extend from a connection with Ches.
& Ohio Ry. at Elkhorn, Ky., through Cllnchfield Corp. properties In Wise.
Dickenson and Buchanan counties, Va., to a connection with Seaboard Air
Line at Rutherfordton, N. C. about 300 m.; of this 107 m. under conSee V. 81, p. 1494; V. 83, p. 155.
struction July 1905.
The Cumberland Corporation, which owns all the stock of the Cllnchfield
Corp. (the latter owning 300,000 acres of coal lands In Virginia and West
Virginia and the South & Western Ry. and a block of the Seaboard Co.
stock, In June 1906 Issued $15,000,000 of 6-year 5% notes to complete the
South & Western to a connection with the Seaboard Air Line at RutherV. 83, p. 156.
fordton, N. C, 107 miles.
Stock authorized, $10,000,000; outstanding, $100,000: par of shares. $100;
The bonds are subject to call, in whole or part (by lot) at par and accrued
Interest on or before Jan. 1 1907, on 90 days' notice, coupons to Jan. 1 1905
Inclusive, being at the rate of 3 % yearly, those of July 1905 and Jan. 1906
at SH % and thereafter at 5 % per annum. V. 76, p. 436. For year ending
June 30 1905, gross. $156,757; net, $75,801: charges, $30,008: bal. .sur.,
(V. 82. p. 510; V. 83, p. 156.
$44,793. Pres., George L. Carter.
.
,
—
SOUTH PACIFIC COAST RY. — NARROW GAUGE. — Alameda
to
Santa Cruz, 77 miles; branches. 24 m.; ferry, 3 m.: total, 101 miles. Leased
for 55 years from July 1 1887 to Southern Pacific Co., which guarantees the
bonds and owns all the $6,000,000 stock. Year 1904-05, gross, $936,906:
net, $84,763: def. under charges, $251,973.
SOUTHERN ILLINOIS & MISSOURI BR1DOE CO. Owns bridge (with
4.65 miles of track) across Mississippi River at Thebes, 111.; opened May
1905, forming a direct connection between Chicago & Eastern Illinois
Illinois Central and St. Louis Valley (St. Louis Iron Mtn. & Southern) on
the east, and the St. Louis Southwestern, St. Louis & San Francisco and
St Louis Iron Mtn. & Sou. on the west. Length Is 2,756 feet of steel truss
and 1 ,147 feet of concrete arches. Stock, $50,000, all outstanding, equally
owned by the St. Louis Iron Mtn. & Sou., St. Louis Southwestern, Illinois
Central, Chic. & East 111. and Mo. Pacific: all of which except the last named
have a 50-year contract dated Nov. 1 1901 for use of the bridge, under
which tbey agree to meet the Interest on the bonds and other charges. V.
80, p. 1424; V. 75, p. 78.— (V. 80, p. 1424. 2220.)
SOUTHERN INDIANA RY. (Se* Map.) Owns from Main St., Terre
Haute to Ewlng St., Seymour, 121.42 miles: Westport Branch, Seymour to
Westport. 26.45 m.: Sullivan Branch, Blackhawk to Sullivan Jet., 17.86 m.;
Hymera Branch. Shady Grove to Sullivan Jet., 10.57 m.; Latta Branch,
Latta to Glendora, 10.86 m.: Coalmont Branch, Coalmont to Keystone, 5.14
m total owned. 192.30 miles. Leases: Vandalla Line. Main St. to Union
Station, Terre Haute. 0.30 m.; Bedford Belt Ry., Bedford to Oolitic. 4.19
m.; total leased. 4.49 m.; total mileage. 196.79. The belt line around Terre
Haute Is nearly completed. Extension north from Terre Haute to Illinois
State line, 27 m., Is completed: further extension to Chicago, 114 m.. being
built by the Chic. So. Ry., Is to be completed In 1906. V. 79, p. 1328, 1331:
V 81. p. 613; V. 82, p. 49; V. 83, p. 39, 97. Extension from Blackhawk to
Indianapolis, 70m.,fs to be completed by fall of 1906, and one from Elnora
Owns Southern
to Evansvllle is also proposed: V. 76, p. 377; V. 80, p. 1480.
Indiana Coal Co. V. 80. p. 2221; V. 83, p. 39, 75.
Status Jan. 1906, V. 82. p. 48. V. 82. p. 570.
—
—
—
•
Issued. In 1905 the preCommon, $11,000,000; par, $100;
—was retired.
5 %
Dec. 1901 to July 15 1905,
DIVIDENDS. — On
BONDS. — First mtge. 4s of 1901 may be Issued at $20,000 per mile
second track constructed or acquired.
track and $10,000 per mile
STOCK.
all
ferred stock
pref.,
lncl..
(J.&.I.).
for
single
for
notes, Including Interest, Oct. 31 1905, $1,098,785.
maturing to
Of the general 5s of 1906 ($6,1909, Inclusive. See V. 74. p. 776, 1197.
Issue: First Tr. & Savings Bk. of Chicago, trustee),
000,000 authorized
about $2,000,000 will be Issued at present In exchange for outstanding cerV. 83, p. 39, 97.
tificates, largely secured by the coal properties.
The Chicago Southern Rv. ($4,000,000) coupon notes are guaranteed
secured by entire Southern Indiana Ry. stock and
prln and Int., and are
$600,000 Of the $1 ,500.000 Cblc. Sou. Ry. stock. V. 81 p. 613. 728.
Gross, $1,323,451; net, $523,348
LATEST EARNINGS.— "11005-06
Gross, 1,273,578: net, 537,165
11 mos., July 1 to May 31. J1904-05
REPORT. Report for the year ending June 30 1905 was in
V. 81, p. 1547, showing:
Gross.
Net.
Int. .tare*. Ac. Dlv.onPfcr. Bit .surp.
Year—
$206,109
$582,682
$326,573 (5)$50.000
$1,380,953
1904-05
282,435
554.763
247,328 (51 25.000
1,293,580
1903 04
257.425
482.026
199.600 (51 25.000
942.572
1902-03...
Pres., John R. Wal«h Sec. and Treas., C. F Wclnland, Grand C'utral
(V. 82. p. 40, 2 0, 570; V. 83, p. 39, 97.)
Station, Chicago. 111.
comSOUTHERN PACIFIC COMPANY (.See Maps.) ROAD.— Thisstock,
pany owns no track In fee. but principally through ownership of
partly by lease. It operates a great system of roads extending from San Francisco to New Orleans (thence by company's steamers to New York, Ac),
and to Portland, Ore., to Ogdcn, Utah, with branches.
ORGANIZATION. Organized under laws of Kentucky. The Union Pacific owns $90,000,000 common and $18,000,000 preferred stock, a strong
working control, but the road continues to be operated Independently. V.
72. p 242, 248; V. 75, p. 136. In 1898 acquired the entire capital stock of
the Central Pacific. See that company; also see below. V. 73. p. 33: v. 75
p 1407 V 76. p. 753. I liter-California Ry. projected, see V. 78, p. 2443.
The Ok'ilcn A Lucln RR. cut-oil from Ogden to Lucln, 102 miles, saving
V /I, p. 380. 1197; V. 71, p. 85;
46 miles, was completed In Nov. 190''
V 77, p 2000; V 75, p. 288, In Nov. iV.i.i a r.mjorlty of 1 aclllc Mall SS
stock ($10,005,000) was acquired. V. 71, p. 1013, 1312.
Equipment
.
—
ANNUAL
—
—
—
July, 19001
RAILWAY STOCKS AND BONDS.
133
134
RAILWAY STOCKS AND BONDS.
vs
£AN D.tOO
MAP OF TUB
SOUTHERN PACIFIC COMPANY
PACIFIC SYSTEM.
J
mil"
'
m«
[Vol. lxxxiii.
July, 1900.
J
RAILWAY STOCKS AND BONDS.
135
136
RAILWAY STOCKS AND BONDS.
[Vol. lxxxiii.
July,
RAILWAY STOCKS AND BONDS
1900.]
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SOUTHERN RAILWAY
SYSTEM.
Southern Railway- owned or leased
-Operated separately- Majority Stock Owned.
Other lines in which the Southern Railway is interested.
i
,
|
Bartow
,
i>MIAMI
CO.
:
Principal Connections.
Trackage Rights
RAILWAY STOCKS iND BONDS.
13S
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
of
on
&c,
column headings,
Date
of
of
see notes
Par
Amount
Bate
Value.
Outstanding
%
Win
71)
114
149
1
$500 &c
000
000
000
000
000
000
000
1893
1879
1880
1881
1867
1871
1877
1888
1889
1905
2,020
392
392
167
373
54
M
5g
6g
6g
6g
$4,127,500
6,000,000
4,000,000
4,180.000
2.232,000
J
J
.1
J
g!J
4J4 g J
J
4H
..".95,000
5. 156, 000
1
J
J
J
6g
4,751,000'
5
o
g
D
1,000
mg
M
'
M
M
N
.J
1,074,000
5g
500 &c 75,000,000
4g
100 120,000,000
100 60,000,000 5 in 1905 A
100
4
5,670,200
11 & O stock trust certificates
($120,000,000) _Ce c'&r 4.502 1894 1.000 &c| 45,777,000
5g
First cons M 1st on 900
1904 1 000 &c 16,000,000
Coll trust bonds SI 0,000 000 red 102 y beg Oct '06. G
5g
2
1906 1,000 &c See text
($200,000,000) gold. S c* &r Text
Development & gen
4g
1902 1,000 &e 11,827,000,
Monon joint M S15.500.000 red 105 after 'OT.S.e'&r
4 g
637,000'
1,000
1900
Equip trust Ser A due about $212,000 ea M&NPlP.c*
4g
1901
1 000
850.000
PIP
Scries IS gold due $170,000 each A & O
4g
1,603.000
1902
1,000
Scries C gold due $229,000 each J & D
4g
1,416.000
1903
1,000
4 g
Series D gold due $177,000 each M & N
2,505,000
PIP
1904
1,000
Series F gold due J & D, $150,000
4H g J
'04-'05
1,003,995
S\4
Series F & G gold due monthly
4,050.000
1,000
4y g m
PIP
1905
Series H gold dueM & N
2
1,000
2,660,000
4 g
M
1905
Series K gold due $140,000
& N
1,000
8,700,000
1906
Series L gold due $300,000 F & A
EP.c*
4^ gF
A Properties Merged in Southern Railway Co.
150,000
A
44 1883
6
Atlantic Tennessee & Ohio first mortgage
Ce
1,061.000
500 &c
(int In gold) (V 59 p 1006) ..Ce
Ch Col & Aug 1st
5g J
191 1869
500,000
1,000
7
A
Ce
191 1872
Second mortgage
2,000,000'
6
164 1881
1,000
J
Col & Green first mortgage gold
Ce c*
5,660,000
1,000
1882
Georgia Pacific first mortgage
Cec*
566
6g J
5,997,000
1,000
1874
Richmond & Danville consol mortgage gold
Ce.c
6g J
3.368,000
5
1,000
A
1882
Debenture mortgage old 6s (no longer incomes) .Ce
400.000]
5
1,000
J
Richmond York River & Chesapeake 1st
G
38 1873
1,000
500,000
G
Second mortgage extended from 1900
38 1880
4H M
—
Where Payable and by
n
J
So Pac,
do
do
do
do
do
do
do
do
New York
O
O
O
J
N
O
D
N
D
& N
& N
& A
OJP
fully described under their own titles.
Miles.
Controlled
(also leased by) Southern Pacific Houston & Shreveport
39
Morgan's La.
Miles. (3) Controlled by
Co.
Central Pacific
1,461
Tex.
Operated Independently
South Pacific Coast Ry
101 Gulf Western Tex. & Pac. Ry. Ill
16
Southern Pacific
3,335 Iberia & Vermilion
Oregon & California
671
Controlled by So. Pac. Co.
9,033
Total proprietary lines
(2)
Operated Independently.
Tot.(deduc.242 m. leas. toAtch) 8,791
Galv. Harrisbg. & San Ant. Ry. 916 (4) Leased and Operated.
Proprietary
Lines.
RR
RR
RR
&
—
RR
RR
—
New York Texas & Mexican Ry.
Houston & Texas Central RR.
177 New Mexico
690 Sonora Ry
Louisiana Western RR
Morgan's La. & Tex.RR.& SS.
Texas & New Orleans RR
Galveston Houston & Northern
Nevada* Cal.Ry.(V.81 ,p,1242)
Houston E. & W. Texas Ry..
& Arizona RR...
88
263
1981
339
Tot. RR. mileage June 30 '05 9 ,384
440 Tot.(deduc.242 m.leas. to Atch)9,l42
4,895
53 Steamship Lines
1
2941
Affiliated Line.
191 Gila Val. Globe & Northern
I
Ry.
125
Grand
9,267
total of owned, leased and affiliated lines June 30 1905
In Nov. '05 about 400 m. of exten's had been authorized. V. 81 p. 1736.
PROPRIETARY LINES. These, with a total mortgage indebtedness
June 30 1905 of $335,904,505. are mostly owned only $1,583,530 out of
their total stock of $304,408,572 not being held on July 1 1905 by the
Southern Pacific Co. "Omnibus Lease," see "Supplement" of Jan. 1899.
STOCK, &c. Total common stock authorized, $200,000,000, including
$67,275,500 exchanged in 1899 for Central Pacific stock see Central Pacific and V. 68, p. 378, 725; V. 69, p. 132; V. 70, p. 740.
The $100,000,000 of 7% non-cum. pref. stock is redeemable at 115 at
any time between July 1 1905 and July 1 1910, and convertible into com.
stock at par at option of holder.
Of the stock $40,000,000 was subscribed
for in 1904 by stockholders at par.
The proceeds will be used to pay the
floating debt, mostly held by Un. Pac. and for future capital requirements,
and also "enable the company to refund bonded obligations maturing during the next three years amounting to $65,480,000 on a much more
favorable basis of credit and leave over 530,000,000 of free and negotiable
assets in the treasury."
V. 78, p. 2443, 2600, 2574; V. 79 p. 104. 628,
2467.
The 1st pref. dividend, 3H%, was paid Jan. 16 1905.
DIVIDENDS. On pref. Jan. '05 to July '06, both incl., 7 yly (J.&J.)
BONDS. The 4 % coll. trust gold bonds of 1899 are limited to $36,819,000, and are subject to call at par on 6 months' notice.
The first issue of
$29,418,500, secured by the $67,274,200 com. and $12,600,000 pref. stock
of the Central Pacific, was Issuable forthwith
The remaining $7,400,000
can be Issued from time to time only as an equal amt. of Cent. Pac. pref. is
received and added to the coll.. $5,000,000 of this stock being reserved for
improv'ts and add'ns on the Cent. Pac. at not exceeding $200,000 yearly
see Cent. Pac. and V. 68, p. 378.
See Mortgage Abstract, V. 69, p. 859
The two-live- year collateral trust 4s of 1905, limited to $30,000,000,
secured by deposit of $12,400,000 par value of various bonds and $71,91*^
,
—
—
—
—
—
—
%
,
300 stocks of companies controlled, including Pacilic Mail. &c., and $T.$1
00 Wells, Fargo & Co. stock.
V. 80, p. 1857; V. 82, p. 753.
The first refunding 4s and 30-year gold 3^s issued by the Central Pacific
lltlonally guaranteed, principal and interest.
In 1905 lie So. Pac. RR. Issued a refunding 4 % mtge. under whichj$75 OOO.ooo bonds were sold to refund $41,462,000 5s and 6s maturing in 1905,
the p
of about $30,000 000 being used to reimburse the So. Pai
for advances for Improvements during the lasl feu years.
V. 80, p. 601.
During three years ending June 30 1903 $44,256,853 were expended for
lmpp.
hi and $18, 517, 317 for new lines and additional
t
property;
1903 04 (19,072,972;
V. 78, p. 713.
1904-05, $18,354,338.
EARNINGS. 8 mo'
Gross, $69,786,157; net, $23,424 ,302
06
July 1 to Feb. 28. [190
Gross, 63,240,992; net, 20,531,846
Hou ton & Texa Cenl and 11 subsidiaries arc Included In both years.
In
—
ANNUAL REPORT.—Fiscal
year
Report
In
[<
V. 81, p. 1697.
receln
alnst 1.014 cts
Receipts —
Aver,
Pn
miles
now ends June
ry
Trai
30.
V. 81, p. 1720. 1728 to 1738: editorial,
freight-train load 341 tons; In 1904-05 average
ogtn
In
and non-proprietary..
1903-04.
1904 05.
9,137.85
1003-04.
9,014.19
(95,515,158 $92,933,23
225.002
34 ,260
tor redemption of bonds.
219,015
306,688
ecui
ad pit deed
680,228
667,21
ted
_
817,117
863,724
32,000
32,000
36,039
06,855
er than open acompanles
395,358
486,156
1
I
Jneoi
|
Income from lam
i
Inco
Ml n
1
Interest on
count
ol
lot
pro
$98,140,582 $95,522,992
...$63,664,235 $63, i:
Taxes
_.
_
2,309,201
2,352,754
age and <! her rentals
2 18. 133
218,128
Interi
on funded debt
16,705,883
10,604,320
Inter*
on Central Pacific RR. notes
764,560
9
,004
intei.
on open account!
1,4 18,.'UK
Mis..
31 ,0211
50,846
Land department
277,1117
261 582
sinking fund contribution and earning
7:14, 015
82 ,588
Betterments and additions
101,446
13,093
Insurance, depreciation, <te. (Southern Pacific Co.)
832,417
1 ,000,880
Aransas Pass Ry, Co.
Advances to Ban Antonio A
,704
i
otal receipts
.
i
<
1
1
i
1
(',:.
Total expenditures
Surplus over ail disbursements.
Dividends on preferred stock 7%.
1
...980,708,609 $86,644,509
.$12,431,973 $K,H7K,483
$2,769,481
1911
1912
1911
1907
1
1
1938
1929
1955
Apr 18 '06
Apr 2 1906
July
2H
%
2
— (V. 81,
N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1
April 10 1913
July
Oct
1
Jan
Jan
Jan
1
April
Jan
1
1
Nov
1
1
1909
1910
1916
1922
1915
1927
1910
1910
V. 82, p. 753, 806.)
all the California lines of the So. Pac. system except the Cent. Pac. and the South Pac.
Coast.
The road owned aggregates about 3,335 m., embracing a through
line from east bank of Rio Grande River through N. Mex. and Ariz., via Los
Angeles, San Fran, and Oakland, to Tehama in No. Calif., with numerous
branches. Of the lines owned and leased in 1905 (41 m. are leased) 3,093
were oper. In the So. Pac. system, 242 m. (Mojave to The Needles) being
held under long lease by Atch. in exchange for leases of 350 m. of roads in N.
Mex. and Ariz. V. 65, p. 931 and A. T. & S. F. Item, p. 1113; see V.64, p. 609.
ORGANIZATION. A consolidation of the So. Pac. RR. companies of
California, Arizona and New Mexico.
V. 74, p. 578; V. 81, p. 900.
STOCK. So. Pac. Co. June 30 1905 held $127,819,038 of the stock.
Consolidated Mortgage of 1894 abstract was in V. 57, p. 1041;
BONDS.
$24,524,500 of the consols stamped subject to call at 107 y? were called for
payment on Aug. 1 1905.
The first consol. refund. 4s of 1905 ($160,000,000 authorized issue) will
eventually be a first lien.
In Feb. 1905 $75,000,000 was sold.
Form of
guaranty, V. 82, p. 49. If less than entire Issue is redeemed, bonds shall be
drawn by lot. The bds. are issuable or reserved asfollows(V.80,p.601, 1112)
Issuable on demand
$25 ,000 ,000
Issuable to refund a like amount of prior lien bonds (of which
$44,517,000 matured or were called for redemption on or before Oct. 1 1905, $35,680,000 mature during the next (about)
7 years and $13,485,500 thereafter).
93,682,500
Issuable to refund other prior lien bonds, any balance not required to be available for other purposes
15 ,000 ,000
Issuable for construction, betterments &c
26,317,500
EARNINGS. For 5 mos. ending Nov. 30 1905, gross, $14,707,270; net,
$6,780,187; oth. inc., $90,889; charges and taxes, $3,656,923; bal
sur.,
p. 1720, 1728:
,
—
—
—
,
$3,214,153.
—
ANNUAL
REPORT. For year ending June 30 1905. earnings were:
Gross, $31,985,952; net, $12,202,480; other Income, $923,656; charges,
In 1903-04, gross, $32,603,510; net,
$8,435,841; surplus, $4,690,295.
$12,392,423.— (V. 81, p. 156, 778, 900: V. 82, p. 49, 629.)
SOUTHERN
(See Map. pages 136 and 137.)
Company operates 7,197 m., extending from Washington, D.C., and West
Point and Richmond, Va., to Danville, Va., Greensboro, N. C, Norfolk.Va.,
Columbia, S.
and Atlanta, Ga., thence northerly to
Charlotte, N.
Bristol, Tenn., southeasterly to the coast at Brunswick, Ga., and westerly
across the States of Ala. and Miss, to the Mississippi River at Greenville.
Water lines Bait. Ches. & Richmond S. B. Co., 200 miles.
Miles.
Leased (Continued.)
Owned in fee
Miles.
•Richmond & Mecklenb. RR.
Alexandria (near Washington)
31
280 •North Carolina RR.
to Greensboro, N. C
Goldsb., N. C, to Greensb.. 130
Charlotte, N. C, to Augusta, Ga. 190
G"
Greensboro to Charlotte, &c.
lumbla, S.C., to Greenv.,S.C. 145
94
179 Atlantic & Danville Ry.
Sest Point.Va., toJNeapolls
Norfolk to Danville, Va., and
lisbury, N. C, to Morristown,
231
branches
281
Tenn
Memphis to Stevenson, Ala
272 Lockhart
14
242 Other
6
Bristol to Chattanooga, Tenn..
Operated under agreement
Knowille to Cumb'd Gap, Ky_
66
Tenn., to
Roswell
Ooltewah Junction,
12
Controlled by securities
Brunswick, Ga
409
261 Atlantic & Yadkin
165
Austell. Ga., to State L., Miss
Aiia otic Jet., Ga.,to York, Ala. 271 State University
10
51
Atlanta, Ga.,to Ft. Valley. Ga. 102 Elberton Air Line
265 North Carolina Midland
54
111., to N. Alb., Ind..
E. St. L.,
122
Branches, &c_.
1 ,594 Other roads..
—
RAILWAY COMPANY.—
C
—
C
—
—
RR
—
RR
—
RR
RR
Trackage rights
owned
Total
1
.1
used
•Mobile & Birmingham RR. —
Si ma, Ala.. tojMarlon Jet
•Southern Ry., Car. DIv.
Charleston. S. C.,to Augusta,
Ga., with branches to Columbia, S. C. &c
Camden, S.O.,to Marlon, N.C.
\ hev., N. C.
to Alston, S.C.
other branches
I
lias
one-Sixth Interest
S. C.
23
7
.
,
38
27
18
10
155
152
32
Total mileage op. July 1905.7,195
25 2
Controlled
'Mobile
171
134
167
,
Also
—
to Sav. Ga.
Washington, D.C., to Alex.,Va.
Stevenson to Chattanooga. &c.
263 York. Ala., to Meridian, Miss..
98 Birmingham to Mobile Jet., &c.
.-;n
Kentucky & Indiana Bridge
Selma, N. C„ to Pinners Pt., Va
150 Savannah, Ga., to Jacksonville
Other
&
Charlotte Air L.,
Charl., N. C, to Atlanta, Ga.
•Georgia Midland Ry.
Franklin & Pittsylvania.
line-
un dcev'e,
4.507
—
Atlanta
— operated
separately
& Ohio
-
912
82
'Augusta Southern
(See this CO.)
Richmond-Washington Co., owning union
In
between Richmond and Washington, 115 miles,
v. 75, p. 449.
trackage rights over Atlan, coast Line RR. between SaLines under construcannah, Ga., Jesup and Jacksonville, Fin.. ir>2 m.
V 81, p. 1180.
tion June 30 1905, about 17.". miles.
In July loo;, an opt Ion for 3 years for purchase of a majority of the stock
and bonds or lie Tenn. Central and lie Nash v. Term. Co., Jointly with the
loo;, the So ut hern tool; over the opwas obi allied and on Dee.
III. Cent
eration of the portion of main line from Nashville to Harrlman, Tenn.. 160
in
and the Carthage and Crav ford branches, aggregat Ing_28 miles, v. 81
Ill
Dee. 1900
he Transylvania RR., Ilcndcrsonvllle to
p. 1194, 1725.
Y. ,xl. p. 1798.
In July 1906
m., was leased.
hake Toxaway, N. 0.,
RIt., 26 miles, was resold to lie Tenn. Coal Iron
he Birmingham Southern
lias perpetual
.
1
I
.
.
1
,
,
I
••.'-'
t
t
&
i
1
1910
SOUTHERN PACIFIC RR.— (See Maps.)— ROAD.— Owns
In
I
tor
President, E. H. Harrlman.
Mar
Jan
Jan
Jan
Jan
Oct
June
Jan
do
do
do
Morgan & Co,
;
System comprises the following,
1937
1994
April 1 1909
New York
April 1 1956
J P Morgan & Co, N Y
July 1 1952
Prov Life & Tr Co. Phila To Nov 1 1907
do
do
To Sept 30 1908
Blair & Co, New York
To Dec 1909
To May 1 1910
do
do
Prov Life & Tr Co, Phila To Dec 1 1914
do
do
To Feb 1910
do
do
To May 1 1915
do
do
To Nov 1 1915
do
do
To Feb 1 1921
M
(1)
1
March 1909
&Co, N Y
do
do
do
—
Last
Dividend.
Y Nov
B'way,
do
do
do
do
do
do
do
do
i:
OJP Morgan
J
Stocks
Whom.
Payable.
— Princi-
When Due.
pal.
—
—
(Concluded)
Southern Pacific RR.
First cons mortgage guar gold s f not drawn.Ce.c* &r
Southern Pac of Arizona 1st M Ser A gold guar.c&r
c&r
Scries B gold guaranteed
c&r
Southern Pacilic of New Mexico 1st M gold
California Pacific first mortgage gold (extend in '87)
2d M L'Old guar p <fc end by Cen Pac (ext in '91) Northern Rv (Cab first mortgage interest guar gold
Cons M (821,000,000) gold 1st on 225 m.Un.c'&r
Northern California first mortgage gold
First cons ref M gold guar red 105 after 1910.Eqc*&r
Southern Railway Common stock S120.000.000
Preferred 5% non cumulative $60,000 000
Bonds
Size, or
Road. Bonds.
page of tabhs.
first
[Vol. lxxxiii.
V. 83, i). 30.
Mil. Co.
Affiliated but Operated Separately
Alabama (beat Southern
Clneln. N. O.
<Y
Texas
ORGANIZATION,
Pacific
Ac— A
(See each company).
807 Northern Alabama.
336 Georgia Southern & Florida.
1
reorganization
In
1894 of the old
.
119
397
Richmond
system per plan In V. 08, p. 363. 3.S5. Sec also V. 56,
1008, and V. 57, p. 61.
p. 868, 874, 1016
In 1908-04 Jointly with I. on. & \ash. acquired $13,670,300 of the $15,500 000 Chic. Ind. A- Lou. stock In exchange for their Joint 50 year 4%
bonds. V. 74. p. 1020, 1090.
fc
West
Pt. Ter.
July,
RAILWAY STOCKS AND BONDS.
1906.]
For explanation
of
on
column headings,
first
&c.
see notes
Date
of
of
—
—
(Concluded)
Southern Railway
...
Serial mortgages
Virginia Midland
Ce
347
General mortgage
50
Ce
Washington Ohio & Western first mortgage
30!)
Ce.c*
Western North Carolina 1st eons M gold
East Tennessee Virginia & Georgia
552
gold (Bristol, Tenn, to Selma, Ala). .Ce.c*
Div
E T Va & Ga cons M gold ($20,000,000) ..Ce.c&r 1,020
95
Alabama Central 1st M Selma to Meridian gold_.Ce
66
Knoxville & Ohio 1st M gold (V79, p 1466) .Ce.c* &r
Divisional Securities.
B Southern Railway
Ce.c*&r 1,020
East Tennessee lien gold
292
First M on Memphis & Ch (S8.000.000) gold.Q.c*
28
Charlottesville & Rap 1st M s f red par Jan 1 yearly
24
Aiken Branch first mortgage gold (V 68, p 826) .. A
IC.c'&r
365
Louis Div 1st M gold
St
G.c*&r
& O gen 4s
Coll M g $9,500,000 s f sec
Mobile & Ohio bonds See Mobile & Ohio RR Co.
C On Properties Practically Owned by (*) or Leas pd to
166
•Atlantic Yadkin first mortgage gold guar ..Ce.c*
5315,000 gold
c
31
oRlchmond & Mecklenburg 1st
aAtlanta & Charlotte Stock
Pref M (old 7s extended h_il897, V 64 p 286) cur.c* 2651.
r 265 M
First mortgage
r
Income bonds (not cum) 6s interest at 4%
"98
Ce
•Georgia Midland first mortgage Interest guar
aNorth Carolina stock 7 % guaranteed
Ce.c
149
aMobile & Birmingham RR prior lien gold
Me.c
149
First mortgage $1,200,000
M
M
—
M
—
—
Preferred stock
—
Ry See that Company.
Me
278
Danville first mortgage
Ta
278
Second mortgage gold
S.c*&r
42
aTransylvania 1st
$500,000 gold
Also additional amounts pledged June 30 1905 under
Northern Alabama
aAtlantic
&
M
STOCK.
pref. stock.
Amount
Value.
Outstanding
1881
1886
1884
1884
$1,000
100 &c
1880
1886
1879
1885
1.000
1,000
1
1,000
1901
1901
1,000
1,000 &c
So uthern R
1877
1877
1880
1896
1895
1895
1,000
1,000
100
1,000
1,000
500
1,000
100
200 1,000
200 1,000
100
—No additional mtge. can be put and $60,000,000 5% non-cum.
Authorized $120,000,000 com.
upon the property, nor can the
of the pref. stock be increased without the consent of holders of a
majority of the pref. As to question whether the pref. is subject to call,
see V. 72. p. 1136.
majority of both classes of stock Is deposited with
three stock trustees under an extension consented to in 1902, until Oct. 15
1907, and thereafter until terminated by a vote of a majority of the stock
assenting thereto, although the stock trustees may, in their discretion,
deliver the stock at an earlier date.
Stock trustees: J. P. Morgan, Charles
Provisions of voting trust and pref. stock
Lanier and George F. Baker.
As to extension, see V. 75 p. 442,
cert. In "Supp." of April 1897, p. 6.
VOTING TRUST.— A
612, 1033.
DIV'DS(%)
\
1897
1898
1899
1900
1901
1902 to April 1906
4
3
5 yearly, A. &.O.
BONDS. The 1st consol. mtge. (see'abstract In V. 59, p. 783; see also
V. 81, p. 1850 V. 82, p. 629) is limited to $120,000,000, viz.:
$45,339,000
Issued to June 30 1905 (of which $3,128,000 in treasury)
64,791,000
Issuable only to ("prior bonds" (see V. 59, p. 785)
5,700,000
retire certain \ stocks (see V. 59, p. 786)
(equipment obligations (see V. 79 p. 786)
277 ,700
To be issued hereafter only for extensions and additions at not
exceeding $2,000,000 yearly, with a single exception as to
3,942,300
$4,000,000 (see V. 59, p. 786)
Prior bonds must be paid by maturity, except those of Atl. & Charl. Air
Line, Ala. Cent.. Charl. Col. & Aug. and Richm. York River & Ches.
The "development and gen. mtge." bonds ($200,000,000 authorized Issue)
will be used to fund the capital obligations and divisional prior lien bonds
outside of the 1st consols and provide for future additions and mprovements
and betterments of the system, as follows:
on
pref.
—
J
1
1
2
,
Application of $200,000,000 Development and General Mtge. Bonds.
Issuable forthwith to refund payments for equipment heretofore
made, investments in securities and advances to subordinate
roads, acquisitions, double-tracking, &c
$15,000,000
Reserved for following purposes:
(1) To retire divisional prior liens not "provided for by the consolidated mortgage
31,158 ,000
(2) To retire not later than April 1 1909 the collateral trust 5s.. 16,000,000
(3) To retire equipm't capital obligations maturing in the next
15 years
18 ,008,000
10,000,000
(4) To acquire capital stocks of certain leased lines
To pay not later than July 1 1908 for Eastern Division of
(5)
Tennessee Central and Immediate improvements
10,000,000
(6) To provide for future acquisitions and betterments under
stringent provisions (a) at not exceeding $5,000,000 yearly
for improvements and equipment and (b) in exchange|for 1st'
mtge. bonds not exceeding in amount the actual cost thereof
of railroads and terminals hereafter acquired
^99,834,000
The "development and general mtge. bonds, after consummation of purchase of Eastern Division of Tenn. Cent. RR. and retirement of the $16,000,000 collat. trust 5s of 1909, will be a first lien on 971 m. of road owned
In fee, the leasehold, trackage or other rights on 1,085 miles, and the majority of stock of roads aggregating 475 miles, a total of 2,531 m.; also on
stocks giving perpetual rights to use freight and pass, terminal properties
at 16 of the principal Southern cities, including a bridge over the Ohio River
at Louisville, and all future acquisitions constructed or acquired.
They
will also be a second lien subject to existing divisional mtges., for which
bonds are reserved, on 1 ,247 miles and a general lien subject to the 1st consols on the property covered thereby.
See circular, V. 82, p. 397.
Divisional 1st mtge. bonds, Issued in 1898 on account of purchase of Mem.
&
6.
bear 5% Interest since Julv 1 1906. The total authorized
is $8,000,000, but $1,500,000 (of which $400,000 issued) was reserved
to build a line for which contracts were let In 1905, replacing trackage between Stevenson and Chattanooga, 38 m.; the remaining $1,117,000 is held
for betterments at not exceeding $100,000 yearly.
See V. 67, p. 179;
V. 81. p. 1180.
Second mtge. on former Mem. & Charl. secures $2,500,000 of 5s, of which
$1,500,000 owned by So. Ry. June 30 1905 and SI, 000. 000 reserved for ImCharl. By.
Issue
provements. St. Louis Division mtge. covers the former Lou. Evansv. &
RR.. consisting of 374 miles of main line and branches, the balance
unissued being reserved for extensions, improvements or additional equipment. V. 72, p. 138.
The collat. trust 4s of 1901 have been Issued, $ for $, In exchange for the
Mobile & Ohio gen. 4s as acquired, by a pledge of which they are secured.
Stock trust certificates for M. & O. stock are now entitled to dividends at
rate of 4 % per annum in perpetuity.
V. 72. p. 242, 822. In 1905 $8,0:1.-).000 of the $9,472,000 bonds and $5,670,200 Of the $6,070,600 stock had
been deposited. V. 72, p. 439; V. 73, p. 664. See M. & O. statement.
Jointly with St. L. & San Fran. RR. guarantees bonds of N. O. Term. Co.
V. 77. p. 38, 699; V. 79. p. 1466.
Equipment trusts mature as follows: Series E $150,000 each J. & D. to
June 1906, lncl., and $147,000 each J. & D. thereafter; series H, $225,000
each M. & N. Late In 1905 $2,800,000 4
series K equipment trusts were
sold;ln11906 $9,000,000 series L. V. 81 p. 1850; V. 82, p. 1323.
In July
1906 consols were being Issued in exchange,$ for $,'for the $2,000,000 Charl.
Col. & Aug. 1st 5s: $936,000 had then been exchanged.
V. 73. p. 1265.
Guaranty of Ala. Gt. Sou. certs., V. 81, p. 1725; V. 82, p. 162.
GENERAL FINANCES.— The stockholders on April 18 1906 authorized a development and general mtge. to secure $200,000,000 bonds, of
which It has been arranged to sell the $15,000,000 present Issue and the
first $5,000,000 additional to be Issued.
See " Bonds" above.
In April 1904 $15,000,000 5-year collat. trust bonds ($16,000,000 authorized Issue) were sold, secured by stocks and bonds In the treasury, giving an
annual Income of $939,172, the proceeds being used to refund the $4,000,000
collat. trust certificates of 1901 and $10,000,000 certificates of Indebtedness.
V. 78. p. 1224, 1448, 2385.
In May 1906 It was reported that the company had about completed negotiations to sell $2,500,000 two-year notes In London.
V. 82, p. 1269.
Atlanta & Charlotte Air Line refunding, see V. 82, p. 1158.
St. L.
%
,
-
J
5gr
,T
5.
'M
6g
6
J
g
iJ
&
Dividend.
Co, BaltVar 1911-1931
Co, N YMay 1 1936
do
Feb 1 1924
do
July 1 1914
J
do
&
& N
& J
& J
do
do
do
do
do
do
do
do
July
July
do
do
do
do
Sept
1
July
1
J
M
S,
J
J
.1
J J
July
,
D & Ins Co
P Morgan & Co, N Y
1
do
do
J
M
1
1
1
July
July
do
do
1930
1956
1918
1925
1
Nov
J Phila Tr. S
J
1938
1996
1913
1998
1951
1938
1
1
Jan
1
Sept
1
April
1
Nov
1
11
1,500,000
315,000
1.700,000
500,000
4,250,000
750.000
1.650.000
4,000,000
600,000
1,200 000
900,000
A &
do
do
M &
do
do
A;
Central Trust Co, N
A &
do
do
do
J
&
do
A V
do
do
A & OJ P Morgan & Co,
F & A: Burlington, N C
J
& J J P Morgan & Co.
4 g
4 g
.
1905 M
in
4 c
7
4
3
5
'Mar 6
I
t
g
7
g
4
J
4g
4g
do
do
<x
J
4
1900
1,000
3,925.000
1904
1,000
775,000
1906 1,000 &c
434,000
first co nsolidate d mortgage
amount
F
4,500,000
5,783.000
217,900
150,000
12,250,000
8,084,000
500
Whom.
\I
& S Safe Dep & Tr
M & NJ P Morgan &
& A
do
5, 6
4
—
Where Payable, and by
Payable.
5
3.106,000
12.770,000
1.000,000
2,000,000|
1.000
1,000
100 &c
1899
1899
%
$7,034 000
5,459,000
,000
When
Rate
1,0001 al ,025 ,000
1,000 b2, 531, 000
1894
1898
1879
1898
(a)
Bonds Principal When Due.
Stocks Last
Size, or
Par
Road. Bonds.
page of tables.
—
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
139
cV
IJ
!j
&
&
&
Y
Jan
Jan
Jan
1
J New York
5 g
J
J Standard Trust Co,
00' b$l,3 25,000.
a$225,0
%
1046
Aug 1906 3}$
1
1
1
I
J Mercantile Trust Co,
1907
1907
la07
1
1
YiJuly
July
July
do
do
1949
1948
'06 3>_
N V July
July
N YUan
%
1945
1945
1906 2%
1948
1948
1956
1
1
1
LATEST EARNINGS— 11905-06... Gross,
$49,347,866; net, $12,800,426
to May 31 J1904-05
Gross, 44,316,033; net, 12,172,301
ending Dec. 31 1905. net. $8,016,681, against $7,610,546 In
1904; other income, $697,529; charges, $4,990,154; dividends (2 !_ %)
$1,500,000; bal., sur., $2,224,056.
V. 82, p. 629.
11 mos., July
For 6 mos.
1
—
ANNUAL
REPORT. Fiscal year ends June 30. Annual meeting Is held
the second Tuesday In October.
The report for 1904-05 was given at length
In V. 81, p. 1168. 1179.
See also editorial, p. 1179.
Traffic.
The freight tonnage is widely diversified, which Is an element of
strength.
Agricultural products in 1904-05 furnished only about 12 % (cotton about 4 %) while over 41 % was from mining industries (29
being coal)
and about 29 % was product of manufactories. Ton rate, 0.944 cents per
mile; train-load, 229 tons.
Years end. June SO
1905.
1904.
1903.
1902.
Average miles operated.
7,199
7,164
7,129
6 743
Freight
$31,775,326 $30,032,416 $28,081,034 $24,942,460
Passengers
12,471,572
11,314,045
10,804,542
9,601,360
Mail, express, &c
3,898,210
3,763,316
3,468,485
3,168,428
—
%
,
—
Gross earnings
$48,145,108 $45,109,777 $42,354,061 $37,712,248
$13,062,594 $11,994,310 $11,364,921 $10,865,411
1,612,840
1,395,181
1,211,261
824,509
Net earnings
Other income.
Total net income
Interest
$14,675,434 $13,389,491 $12,576,182 $11,689,920
$9,290,433 $8,952,329 $8,446,041
$7,833 614
1,289,918
1,030,569
422,663
255.409
and rentals
Other deductions
Bal., sur. for year
$4,095,083
Dividends on'pref. (5 %) $3,000,000
$3,406,594
$3,000,000
$3,707,478
$3,000,000
$3,600,897
$3,000,000
—
OFFICERS. Pres., Samuel Spencer, 80 Broadway, N. Y.; Sec, R. D.
Lankford, 80 Broadway. N. Y.; Treas., H. C. Ansley, 1300 Pennsylvania
Avenue, Washington, D. C.
Directors A. B. Andrews, Raleigh, N. C; Joseph Bryan, Richmond,
Va.; W. W. Flnley, Washington. D. C; S. M. Inman, Atlanta, Ga.; Adrian
—
Samuel Spencer, Charles Steele, James T. Woodward, Harris C.
Fahnestock, Robert M. Gallaway. Charles Lanier andfEdmund D. Randolph
Of N. Y.— (V. 82, p. 162, 393, 570, 629, 930, 1158, 1269, 1323; V.83, p. 39.
Iselin Jr.,
SOUTHERN RAILWAY, CAROLINA DI VISION.— Charleston,^. C.."tO
Augusta, Ga., with branches to Columbia, S. C, &c, 252 m.; Camden, S.O.,
to Marion, N. C, 171 m.; Ashevllle, N. C, to Alston. S. C, 134 m.; other
branches. 138 m.; total, 695 miles.
Leased to the So. Ry. Stock authorized. $7,798,700, all owned by the So. Ry.
Of the generals of 1902 ($18,000,000 authorized) $6,260,000 are reserved to retire at or before maturity
the underlying divisional bonds, $5,000,000 have been used to reimburse the
So. Ry. for the previous purchase of the several properties and the'remainder are available for improvements, equipment and extensions, $4,000,000
being reserved for a northwestern extension into and through the States of
South Carolina, North Carolina, Virginia, Tennessee and Kentucky. Y.7.3,
Pres., A. B. Andrews.
p. 136.
(V. 75, p. 31, 136.)
.
—
SOUTHWEST PENNSYLVANIA RY.— Merged
...
vania
RR.
Apr.
1
1906
in
Pennsyl-
SOUTHWESTERN RR. (Ga.)— Owns Macon, Ga., to Eufaula; Fort Valley to Columbus, Ga., &c. with branches; total, 333 miles.
Leased for 101 years from Nov. 1 1895 to Central of Georgia Ry. at a
rental of 5
on stock. -As to suit, see V. 71 p. 809: V. 73, p. 10(12.
5i
%
"SPOKANE INTERNATIONAL RR.— Under
•
,
construction from Spokane.
Wash., to Yank, B. C, on the Can. Pac. Ry.. about 140 m.. to be completed,
during 1906. Can. Pac, with which road it has a traffic agreement
has a 10-year option to purchase 51
of stock.
Stock, $4,200,000; par erf
shares. $100.
Bonds. $4,200,000 (see table above) have been sold. V. 81,
Pres.. Chester W. Chapln; Sec. and Treas., Alfred C. Chapln,
p. 156 1551.
192 Broadway, X. Y.
(V. 82, p. 101.).
%
—
.
SPOKANE TERMINAL CO.— See "Street Railway" section.
SPRINGFIELD UNION DEPOT CO —V. 77, p. 770; V. 79, p. 2589.
SPUYTEN DUYVIL & PORT MORRIS RR — Owns 6 m. double track
and connects the N. Y.
to N. Y. C.
till
C.
& Hudson
Dec. 31 1970 at 8
% on
with the N. Y.
& Harlem.
Leased
stock.
STANLEY MERRILL & PHILLIPS RR.— See Issue
STATE LINE & SULLIVAN RR.— Owns Monroeton.
of Jan.
1906.
Pa., to Berenice,
Pa., 24 miles. Stock, $980,250 (par, $50)
Dividend, ",,. paid Dec. 7 1904.
Mtge. covers 5,000 acres coal lands. The bonds are subject to call at 105 after 1914 at par. V. 67, p. 1209. Road leased till 1934 to Penn. & N. Y. Canal
& RR. (rental, $40,000 per ann.) and so oper. by Lehigh Valley.— (V. 74,
•-•.,- - •
...
•
p. 479; V. 76, p. 332.)!^-. .,.,;~
.
1
,
•
•
-
•
•
STATEN ISLAND RY.— Clifton
to TottenvIlle.Tl2.64'mlIcs.- STOCK.—
$1 ,050,000, of which $569,850 owned by Bait. & Ohio; par, $75. Year ending June 30 1905 gross, $205,144; net, $27,303; Int. and taxes, $32,105.
balance, deficit, $4,802.
(V. 61, p. 737.) j,
ij. •• _l
-•••.•••
—
STILLMORE AIR LINE RY.— Collins
Wadlev, Ga., 54 miles; Stock,
In April 1906 Central of (ia. Interests, It was reported, acquired
V. 82. p. 930.
Year
Bonds. $.150,000 1st gold 4s due 1920.
S175.000.
the road.
ending Dec. 31
— (V. 82, p. 930.)1904,
to
gross, $44,649; net, $3,817.
Pres., H.
STOCKBRIDGE & PITTSFIELD RR.— See N. Y. N. H.
SUFFOLK & CAROLINA RY.— Suffolk, Va., to Edcnton,
<fc
P. Smart.
RR.
Hart.
N.
C.
onJAl-
bemarle Sound, 50 miles; branch from Bcckford to Elizabeth City, N. C. 2*
miles.
Acquired by Norfolk & Southern By., being taken ova Jan. 1906.
5131.V. 81, p. 841, 1850: V. 82. p. 805.
Year ending Juno 3o
— (V. 81, p. 1850.)
.
002; net, $52,458: total
deduc, $44,537;
bal., sur., $7.921.
RAILWAY STOCKS AND BONDS.
140
Miles
For explanation of column headings. &c,
on first page of tables.
Date
of
of
see notes
—
—
——
—
—
— —
—
—
Par
—
—
—
100
See text.
989,000
300,000
207,000
Road opened
Net earnings,
less
taxes and Int. on bonds, paid lessor.
100
re
&
&c
1,000
100
100
500 &c
"V.666
alia
Stock, $500,000,
!•
Owns road Suncook to Pittsfield, N. H., 17
miles. Leased till 1912 to Concord & Montreal for 6
on $240,000 of capital
stock; total stock Issued Is $341,700, of which $101,700 Is non-dlvldend paying. Pres., Hiram A. Tuttle, Pittsfield, N. H.
%
—Watsontown to
outstanding:
Stock, $1,000,000,
RR.
Berwick, Pa., 47 miles. V. 75, p. 343.
all
par of shares, $50. Bonds, see table. V. 75, p. 1303; V. 82, p. 753. For 6
months ending Dec. 31 1905, gross, $94,915; net, $41,653; int. on bonds,
Year ending June 30 1905, gross, $158,865;
$16,750; bal., sur., $24,903.
Pres., J. Henry
net, $73,969; deductions, $49,392; bal., sur., $24,577.
Cochran, Wllliamsport. Pa.— (V. 75, p. 1303; V. 82. p. 753.)
SUSQUEHANNA & NEW YORK.— See Issue of Jan. 1906.
SUSSEX RR. Stanhope to Franklin, N. J., and branch, 30 miles. Operated by Del. Lack. & Western, which owns a majority of the $1,638,600
stock. Dividends from earnings of 1899. 3 %; 1900, 4 %; 1901 to 1903, both
incl., 2% yearly; 1904, 5%; 1905, none.
For cal. year 1905 gross, $222,-
—
227; net, $67,257; taxes, $4,642; bal., sur., $62,615.
SYRACUSE BINGHAMTON & N. Y. RR.— Geddes, N. Y., to BlnghamControlled since 1869 by Del. Lack. & West., which
ton, N. Y., 81 miles.
Jan.
1
1905 owned $1,909,400 stock and guaranteed the bonds.
DIVIDENDS.—
Per cent
REPORT. — Gross.
$1,386,272
1,294.206
1905
1904
'88.
'90.
'92. to May '06, Indus.
quar.)
8 yearly (2
Balance.
Dividends.
sur.$190,945
$200,000
'91.
8
'89.
12
8
Net.
13
%
Int.
$137,388
137,890
(V. 65, p. 568.)
SYRACUSE GENEVA & CORNING RY. Corning. N. Y., to Geneva, N.
Y., 58 miles; Penn Yan to Dresden, 6 m. Leased from May 1 1899 for term
of corporate existence to N. Y. Central for $46,375 per annum, payable
quarterly, Interest on bonds and other obligations, taxes and repairs, the
N. Y. C. owning $821 .800 of the $1 ,325,000 stock, par $100. Rental equivalent to 3 X % on stock. The $253,750 1st 7s were paid at maturity Nov. 15
1905.— (V.
81, p. 1494.)
$528,333
466,773
—
—
—
TACOMA EASTERN RR. Owns Tacoma, Wash., to Watklns, 56 miles,
to bituminous coal fields; branches, 13 m.; total, 69 m. Stock, common,
$750,000; pref., 6 % non-cum., $750,000; all Issued; par of shares, $100. Of
the bonds (see table above) additional amounts up to $1,000,000 can be Issued only at the rate of $13,000 per additional mile of track. V. 76, p. 655.
Pres., Edward Cooklngham, Portland, Ore.; Sec, E. M. Hayden, Tacoma,
Wash.— (V.
76, p. 655.)
—
TALLULAH FALLS RY. Owns Cornelia to North Carolina line, via Tallulah Falls, Ga., 44 miles; extension from Nor. Car. line to Franklin, N. C,
14 m., Is to be completed during 1906.
Stock authorized, $500,000, of
which $250,000 is 5
non-cum. pref.; par of shares, $100. Bonds are limited
to $15,000 per mile. Year ending June 30, 1905 (35 miles), gross, $35,494;
net. $3,859. Pres.. Geo. L. Prentiss, 31 Nassau St., N. Y.
(V.75, p. 241.)
TEHUANTEPEC NATIONAL RY.— V. 74, p. 94; V. 75, p. 794.
TENNESSEE CENTRAL RR. Harrlman, Tenn.. westerly to Hopklnsvllle, 251 miles: branches, 59 m.; lines at Nashville terminals, 10 m.; total,
320 miles. Extension from Nashville northwesterly, via Clarksvllle, to Hopklnsvllle, Ky., 73 m., was completd In Dec. 1903.
Leases till May 1 2001,
and owns entire $1,000,000 stock of, Nashv. Terminal Co., Including terminals and bridge and 18 m. of track.
In 1904 reorganized without foreclosure. See below. V. 78, p. 1783; V. 79, p. 213.
In July 1905 the Illinois Central and Southern Ry. acquired an option for
3 years for the purchase of a majority of the stock and bonds of the Tenn.
Cent, and Nashville Term., which in July 1906 had not been exercised. On
Dec. 1 1905 the Southern Ry. took over the operation of the Eastern division, Nashville to Harrlman, Tenn., with Carthage and Crawford branches,
and the Illinois Central the Western division, Nashville, Tenn. to Hopklnsville. Ky. V. 81. p. 1816, 1437, 1725.
SBOURIT] ES. Stock authorized and outstanding, $8,000,000, all common (par of shares, $100).
The prior liens 4s of 1904 are subject to call at 110 on Jan. 1 1909, or any
subsequent interest day; of the bonds, $61,000 are reserved to retire the
$40,000 Nashville fc Knoxville 6s due 1918. V. 80, p. 1059.
The gen. 5s ($20,000,000 auth., Merc. Tr. Co. of St. Louis, trustee) are
limited Unci. 14,200,000 reserved to retire prior lien 5s) to $37,500 per mile
on the 820 miles of present mileage. The remaining bonds can only be issued for additional mileage constructed or acquired at not over $25,000 per
mile. V. 7H. p. 1783; V. 79. p. 213. The Nashville Term. mtge. Is for $1,000.000: see that CO, Pre*.. 3. M. Overton.
(V. 81, p. 1725; V. 82. p. 511.)
TENNESSEE RY.— Owns Oneida, Tenn., to Buffalo, 16 miles. In Aug.
r
l»0. ) contract* were let for extension of 21 miles. Koad Is to be 75 m. In all
when completed. StOCfe authorized, $1,000,000; outstanding, $200,000;
par of shares. $100. Stockholders on July 14
authorized a mtge. for
$2,500,000. Pros., BlrdM. Robinson; Sec, M. T. Dc Vault. Office, 5 Nassau
St.. N. Y.— (V. 81. p. 1242.)
TERMINAL RR. ASSOCIATION OP ST. LOUIS.
Owns
and operate! extensive terminals at st. Loula, with belt lines and bridges,
4,800 feet in length; operates East St Loula & Carondclet Hy.,
and a tunnel
12 m., since Meh. 1 1902: V. 74, p. 479. Touching the Missouri & Illinois
Bridge & licit RR., see that companj ' statemenl
ORGANIZATION.—Organized In 1889. The following companies arc
sole owners; Cleveland Cincinnati Chicago ft St. Loula, Louisville & Nashville. St. Louis iron Mountain a Southern, Baltimore ft Ohio Southwestern,
Missouri Pacific. Wabash. Vandalla ItK. (Penn. IIH. system), Chic. Hock
Isl. <V Pacific, St. Louis & San Fran., Chic & Alton. Chlo. Hurl. & Qnlncv.
III. Central. Southern Ry. and the Mo. Kan. ft Tex., the seven last named
having acquired their Interest s In l)rc 1802 and Jan, 1908. V. 7.">. p. 1856;
V. 76, ii. LOS. These companies agree Under COntraol tO use the propertv
forever and pay as tolls the Interest, tares, rentals and other charges, and
%
—
—
—
—
1
;>'>-"">
—PROPERTY.—
.
8
5g
4H
240 000
700 000
2,500 000
1,960 000
1,325 000
600 ,000
884 000
374 000
500 000
4,014 000
8,000 000
250 ,000
7,000 000
5,000 000
18,000 000
2,490
3,000
5.000
1,250
1.000
5g
each
—
1905
&
7
Q -F
&
5
5g
5g
5g
4g
5g
5g
4J4
5g
4g
&
&
&
&
&
&
&
&
&
&
&
g
6
3
,000
000
,000
,000
,000
7
6
N Y May
1
S
4g
1919
I
Safe
Dep & Trust Co, Bos
%
1955
1906 4 %
1
1918
1 1929
1
April
1
1924
Manchester N H Nat Bk
Fidelity Trust Co, Phlla
D L &
RR Co, N Y
do
do
Grand Cent Station. N Y
do
do
July 1906 3%
Oct 1 1952
May 1 1906 2
Oct 1 1906
O
Aug 1 1906 Vt
Mar
1909
Harris & Co, Chic Jan
N
1923
International Tr Co, Bost July
1921
Standard Trust Co, N Y Jan
1933
Miss Valley Tr Co. St L Jan
1934
Mercantile Tr Co, StLouls Jan
1954
New York
July
1935
O J P Morgan & Co, N Y Oct
1939
do
do
Aug
1944
A
do
do
Jan
1953
J
do
do
July 1906 3%
J
do
do
July'06 1 H %
J
O New York and London April 1 1929
J J P Morgan & Co, N Y July 1906 3 %
O Grand Cent Station, N Y April 1 1946
& J
& O
6
In
Co,
do
do
Jan 1 1995
April 1 1919
do
do
do
do
ijuly 1 1952
Broad St Station. Phila Feb 1 1917
Savan Ga, & Macon, Ga July 5 '06 2 H
A & O
RR
RR.
,
SUSQUEHANNA BLOOMSBURG & BERWICK
la
100
1.000
100
1.000
100
1,000
1,000
1,000
1,000 &c
1,000
1,000
1,000
1,000
1,000
P Morgan
J
J
357 000
1,000
nnsylvan
J
Dividend.
& J Knickerbocker Tr Co, NY July
& J Grand Cent Station, N Y July
M & N Office, Eau Claire. Wis May
Jan
J
& J Union Trust Co, N Y
5g
Ohl
owned by Vermont Valley RR. For year 1904-05, gross, $374,842; net, $98,&c, $48,691; divs. (8 %) $40,000; bal., sur., $9,763.— (V.
SUNCOOK VALLEY RR.—
900,000
,000
,000
from Bellows Falls to Windsor, Vt.
1849; operated since April 1893 by Boston & Maine.
454; int.. taxes,
65, p. 867.)
100,000
,000,000
I
Whom
&
&
&
&
&
&
,000.000
Ion.
1
Where Payable, and by
Payable.
,191,100
.000
%
$5,250,000
SULLIVAN COUNTY RR. — Road
26 miles.
When
Rate
$1 ,000
1 .000
1 .000
1 ,000
1 ,000
—
— —
Amount
Outstanding
1
When Due.
pal,
Value.
—
I
Bonds
Size, or
Road. Bonds.
Southern Railway, Carolina Division
245 1894
nSouth Car & Georgia 1st M sold $5,250,000. .Ce.c*
1895
•Spar Union & Col $1,000,000 guar Ash & Sp gold
"16 1899
Ce
Sumter &, Wateree River RR first mortgage
1902
N
General mortgage S 1 8 ,000 .000 gold..
128 1877
South w Penn 1st M s f $5,000 yearly not drawn. r
333
Southwestern (Ga) Stock (see text)
Spartanburg Union & Columbus See Southern Ry, C arolln aDl'vls
K
Spokane International 1st M $4,200,000 gold
~~6 1905
Spuyten Duyvil & Pt Morris Stock 8 % guar N Y Cen
52 1903
Merrill & Phillips
gold
Stanley
First mortgage
24 1898
Un.c*
State Line & Sullivan
1st M $300,000 gold
See B altlmo
Staten Island Ry and Staten Island Rapid Transit
Suffolk & Carolina. See Norfolk & Southern
1894
Sullivan County RR
First mortgage $400,000
c
See Pe
Sunbury Hazleton & Wilkesbarre Sunbury & Lewist own
Suncook Valley Stock 6% rental Con & Mon
"47 1902
FP
Susq Blooms & Berw 1st M $700,000 gold
81
Syracuse Binghamton & New York Stock
81 1876
Consol M (p & guar (end) by D L & W)..F.c*&r
Syracuse Geneva & Corning Stock 3 34% rental)..
"64 1879
F.c
Second (now first) mortgage
Tac East— 1st M $1,500,000 g red 110 begin '08..IC.C*
69 1903
IB
44 1901
Tallulah Falls
First mortgage gold
44 1903
First consolidated mortgage gold redeem 105. S.c* &r
320 1904
Tennessee Cent Prior lien M $4,200,000 gred.MSt.c*
320 1904
General mortgage $20,000,000 gold (see text)
c*
Tennessee Ry First mortgage $2,500,000 gold. Sc*&r
16 1905
S.c*
1889
Terminal Railroad Association First M gold
1894
First consol mortgage $12,000,000 gold
S.c*
Ce.c*&r
1903
Gen M ref $50 000,000 g s f red (text)
St Louis Bridge Co first pref stock guaranteed
Second preferred stock guaranteed (endorsed)
1879
First mortgage gold
c*
Tunnel RR of St Louis stock guaranteed (endorsed)
1896
Terminal Ry (Buffalo)
1st M $1,000,000 gold..N.c*
11
Terre Haute & Loganspo rt— Se e Vand
Terre Haute & Indianapolis
—
— PrinciStocks — Last
INTEREST OR DIVIDENDS.
RAILROADS.
—
[Vol. lxxxiii.
W
|
%
%
W
proportion to the extent of one-fourteenth to
deficiency from unforeseen circumstances. See V. 79, p. 499.
line will contribute its
make up any
See also St. Louis Merchants' Bridge Terminal RR.
LEASES. The leases of the Bridge and theyrunnel are for their corporate
existence, and were made July 1 1881.
As to litigation, see V. 77, p. 299,
512; V. 78, p. 1908. 2443. 2600: V. 81. D. 32, 1666.
STOCK. Capital stock, authorized amount, $50,000,000, as increased
In Dec. 1902; outstanding July 1906, $2,882,000.
BONDS, &c The mortgage of 1889 was described in advertisement in
"Chronicle" of Feb. 13 1892.
Of the gen. mtge. refunding 4 % sinking fund gold bonds of 1953 ($50,000,000 authorized) $18,000,000 have been sold for new construction, improvements and additions, $17,500,000 are reserved to retire existing bonds and
$14,500,000 for issue after Jan. 1 1906 at not over $1,000,000 yearly for improvements and acquisitions. A sinking fund commencing July 1 1906 will
retire $100,000 of these bonds yearly by lot at 110 and Interest If not
purchasable for less.
The entire Issue is subject to call at 110 and
interest on and after Jan. 1 1910. See V. 76. p. 267, 883. 481, 807; V. 79,
p. 499.
Guarantees $3,500,000 St. L. Merchants' Bridge Ter. 1st 5s and Interest
on $2,000,000 1st 6s of Merchants' Bridge. Sec t hrwe "ompai>'«s.
REPORT. Year ends June 30.
Net.
Oth.lnc.
Charges.
Balance.
Gross.
Year
1904-05
$2,923,020 $1,431,318 $999,702 $2,213,106 sur$217,914
454,023
1903-04
1,102,298
2.543,181 def 986,859
2,660,591
Chairman of Board, Julius S. Walsh; Pres., W. S. McChesney Jr.; Sec,
V. 81, p. 1666; V. 82, p. 393.
C. A. Vlnnedgc; Treas.. F. C. Daab.
—
—
—
,
—
ANNUAL
—
—
TERMINAL RY. OF BUFFALO. — Blasdell, N. Y., to Depew, Erie Co.,
N. Y., 11 miles. Opened Sept. 15 1898. V. 67, p. 530. Stock Is $1,000
000.
LakeSh. & Mich. So. and N.Y.C.&H.R. RR each own 5,000 shares of
,-
the stk. Year to June 30 '05, gross, $80,317; net, $59,837; Int. and taxes,
s«c E.V.W. Rosslter, N.Y. (V. 67, p. 530.)
$47,120; bal., sur., $12,71"'
—
TERRE HAUTE & INDIANAPOLIS RR. — See Vandalla RR.
TERRE HAUTE & LOOANSPORT RY. — See Vandalla RR.
TERRE HAUTE & PEORIA RR. (See Map of Pennsylvania
RR.)
—
Road operated from Terre Haute, Ind., via Decatur, to Peoria, 111., 174 m.,
of which 138 m. are owned and half Interest owned in 8 m., and 28 m. Is by
trackage over other roads. From Oct. 1 1892, leased for 99 years to the
Terre Haute and Indianapolis at rental of 30% of gross earnings, with a
minimum sufficient to pay int. on debt, the lease being assumed Jan. 1 '05,
by the Vandalla RR. See V. 55, p. 766; V. 81 p. 212. Lessee owns $554,200 of the $1,837,400 pref. and $1,417,000 of the $1,926,800 common.
BONDS. The consols (Union Trust Co., N. Y., trustee), carry the
guaranty of the T. H. & Indianapolis. In 1905 all back coupons had been
V. 81, p. 156, 212; V. 72, p. 481, 873.
paid, the litigation being settled.
See guaranty, V. 81, p. 212.
EARNINGS. For calendar year 1905, gross, $649,346; net, $52,958;
(V. 81, p. 212.)
rental from lessee, $194,804; bal., loss to lessee. $141.845.
,
—
—
TEXAS CENTRAL RR. — ROAD. — Runs
—
from Waco.
In
McLennan
Co.,
Albany and Stamford, Tex., &c, 227 miles. In April 1906 extension
from Stamford west about 40 miles was under construction.
to
DIVID'DS
On common
On preferred
(p. C.)
'96. '97. '98. '99. '00. '01. *02. '03. '04. '05.
33344
--
--
--
-.
2Vi
y
5555
2H 2H 2H
5
'06.
5
5
T %
Gross, $885,068; net, $355,952.
Gross. 768,894; net, 267,731.
months, July 1 to May 31. J1904-05
Surplus over 11 months, charges, $327,537, against $39,317 In 1904-05.
BONDS. In July 1906 preparations were being made to Issue $700,000
additional bonds for western extension; application was pending for cancellation of the outstanding bonds and a re-Issue under certain conditions.
V. 82, p. 1213, 453.
Report for year ending Junfi 30 1905 was In V. 81, p. 1098, showing
gross, $827,380; net, $275,479; other Income, $2,523; Interest, $31,000;
(V. 82, p. 453, 1213.)
dividends, $198,690; bal., $48.312.
LATEST EARNINGS.— 1111905-06
—
TEXAS MIDLAND RR. — Road
—
from Ennls on Houston & Texas Central
Ry. to Paris, Tex., 125 miles, of which 14 trackage over St. Louis SouthStock, $500,000;
In 1893 purchased by Mrs. Hetty Green.
western.
par, $100.
Total current
liabilities
July
1
1904, $1,960,970.
For year 1904-05, gross, $523,669; net, $120,861; charges, $83,091; bal.,
Pres.. E. H. R. Green, Terrell. Tex.— (V. 63, p. 839.)
sur.. $37,160.
TEXAS & NEW ORLEANS.RR. (See Map So. Par.) Houston, Tex.,
to Orange (Sabine River), 112 miles; and Sabine Pass to Dallas. 312 miles,
completed May 1903; Houston to Clinton, 8 miles; Nome to Sour Lake, 8
In March 1905 law was passed permitting salejof
miles- total, 440 miles.
the line from Dallas to Sabine Pass. 812 miles. V. 80. p. 1425.
SECURITIES, &c The stock Is $5,000,000, all of It being owned by the
So Pac. First 7s are purchased by the s. f. at not over 110. There were
also June 30 1905 $322,205 Texas school fund 6s, Int. M.&N., principal
Lands unsold June 30 1905, 451.954 acres.
payable 2% per annum.
The llrst mortgage of 1900 secures bonds at $20,000 per mile on the road
from Rockland to Dallas, Tex., about 218 miles, a part of which
extending
was purchased In 1899, and extensions hereafter acquired or constructed
up to 40 miles. V. 70. p. 097: V. 71. p. 183. Equipment bonds, $1,292,000
V. 76, p. 1302; V. 80. p. 1425.
6s, all owned by So. Pac.
tn year ending June 30 1905. gross, $3,388,549; net. Including other
In 1903-04,
$703,252; surplus over charges and taxes. $43,272.
Income.
gross, $3,624,881; net. $701 ,242.— (V. 80, p. 1425.)
—
—
—
—
—
TEXAS & PACIFIC RY. (Srr Map Mo. Pao.) New Orleans, La., 'west
to El' Paso, TeZ., 1 ,150 miles; Marshall via Tcxarkima Jot. and Whltcsboro
to Port Worth. 816 m.: branches, 861 m.; total, 1.826, of which 92 m.,
Siena Blanco tO El Paso, trackage, leaving amount Owned 1.731 m. Blanch
to Slmmsport. La., 22 miles, was completed in 1908,
July
1906.
RAILWAY STOCKS AND BONDS.
141
RAILWAY STOCKS AND BONDS.
142
IXTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
column headings, cic,
of
on
page of
first
Date
of
Pur
Amount
Value.
Outstanding
Road. Bonds.
tables.
—
—
138
138
RR—
—
—
—
Q—
W
—
ORGANIZATION. — In
1888 reorganized by the plan in V. 43, p. 16445, p. 401, without having the foreclosure sale confirmed, thus preserving the original Federal charter.
Land assets Jan. 1 1906 were 62,150
acres, land notes $40,690 and $25,932 cash.
STOCK. Authorized, $50,000,000; issued, $38,763,810; par, $100.
Missouri Pacific Dec. 31 1904 owned $6,525,000 stock.
BONDS. See 1888 mortgage abstracts, V. 47. p. 82; V. 78, p. 1448.
The Weatherford Mineral Wells & Northwestern ($500,000 5s of 1902) are
guaranteed, principal and interest, by endorsement. V. 78, p. 344. Suit
as to old bonds, V. 82, p. 1440.
—
—
The Louisiana Branch Lines mortgage
cover all branches constructed
or acquired in Louisiana at $12 .500 per mile, but not to exceed in the aggregate $7,000,000.
V. 72, p. 577, 1189.
Interest scrip, income and land grant bonds (a stock liability), retirable
under reorganization agreement), $113,917; other scrip, $7,775.
FINANCES. On second 5s there is no right to foreclose unless default is
made on 1st mtge. The co. has been spending its earnings freely in needed
Improvements; in 1900 made 1st payment on incomes, viz.: 1 V %; in 1901
2
4 %; since to Mch. 1 '06, 5 % yearly.
In Feb. '04 all except $980,000 of the
Texas & Pac. seconds had been exchanged for 65 % in new St. Louis Iron
Mountain & Southern gold 4s. V. 68, p. 525, 619, 725, 774; V. 70, p. 533.
EARNINGS.— Jan. 1 to July 7 1906, gross, $6,765,836; 1905, $5,813,899.
REPORT. Report for 1905 was in V. 82, p. 688.
Year ending Dec. 31
1905.
1904.
1903.
Miles operated
1,826
1,826
1,827
Gross earnings
$12,130,391 $12,433,147 $12,094,744
Net earnings
$3,920,225 $4,321,455 $3,808,638
Other income
584,162
171,485
61,744
will
—
—
Total net income
$4,504,387 $4,383,199 $3,980,123
$1,507,783 $1,490,015
$1,473,354
(5)1,233,806 (5)1,233,806 (5)1,161,900
164.140
Taxes
345,438
296,053
312,297
Improvements, equipment, disc, &c. 1,283,981
1,422,147
1,271,994
Interest on first mortgage
Interest on 2d incomes
Fire claims (year 1894).
— Balance,p.surplus
(V. 80,
1175;
def.$30,763 def. $75,067 def.$223,178
V. 81, p. 842, 1793; V. 82, p. 688, 1440.)
TEXAS SHORT LINE RR.— See Issue of Jan. 1906.
TEXAS SOUTHERN RY.— See page 179.
TIDEWATER RY. To extend from West Va. State line at a connection
with the Deepwater Ry building by the same Interests, to tidewater at
Sewell's Point, 8 miles from Norfolk, a total of 332 miles.
Of this, 100
miles from Sewell's Point towards the West Va. line is under construction.
The two roads together will form a coal line from Deepwater on the
Kanawha River, W. Va., to Sewell's Point, 440 miles, to be completed by
Jan. 1908. See V. 78. p. 1962; V. 81. p. 1551. Stock authorized, $100,No bonds have been Issued on either road. Henry H. Rogers, of
000.
the Standard Oil Co., and associates were reported to be financing the
enterprise.
Pros. W. N. Page, Ansted, W. Va.; Sec, H. J. Taylor;
Treas., Geo. II. Church, New York.
(V. 81, p. 1551.)
TIDEWATER & WESTERN RR.— V. 81. p. 212.
TIOGA RR. See "Supplement" of July 1894. Stock, common, $390,900, and $189,700 preferred; par, $50.
TOLEDO & OHIO CENTRAL RY. (See Map.) This road Includes:
Lines owned
Miles.
Trackage (37 miles)
Miles.
Toledo to Br< men
173 Walbrldge to Toledo
5
Alum Creek to Truro Junction. . 4 Bremen to New Lexington
11
New Lexington to Corning
13 To Chauncey, Carrlngton, &c
30
Whltmore to Thurston
145
Peo. to St. Mary's, V. 73, p. 660. 60
Total operated..441
Kanawha & Mich, (which see)
177
Total owned
395
Owns all tlic securities of Zanesvllle & Western Ry., Columbus to Shawnee and Zanesvllle, O., with branches 126 miles (of which 40 miles not
owned) op
V. 75, p. 906.
eparately.
In June 1901 the Hocking Valley Ry. had acquired all except $54,100 of
the $6,50O,'ii)O com. arid $11,600 pref. stock of the $3,708. ooo ln exchange
for 70 % of Hocking Val. stock of the same class.
V. 69, p. 13 17; V. 71 p.
810. See also Ho« I;. Val. Item, V. 09, p. 13 15; v. 71 p. xr,:,. Oper. separ'ly.
DIVIDENDS. -On common: In 1891, 2 %: In 1892, 4 %; 1893, 2 %. On
—
.
—
—
—
—
—
—
.
,
pref.. April i«9o to July 1896, Inclusive,
%
yearly.
None Blnce.
The company guarantees the principal .-111(1 int. or the
GTJ \ K \\7'i ES.
Kanawha & Michigan first mortgage bonds (see that company) and, jointly
With lloeklng Valley Ry.,the K. A lloek. Coal A: Coke bonds (see V 7 1.
id Continental Coal Co. bonds (V. 75, p. 499);
p. 271; V. 77. p,
also guarantees Interi
only on (300,000 T. & O. Cent. Ext. 5s (fored).
Special equipment, &c.,loa
1905,2430,000.
Gross.
I. VRN'S.— 1
mO».
n/i s.
Hal., stir.
July 1 to 1 1905-06.. S3
$000,294
$4 2 1,567
$4,665
$180, 3:12
41 1,488
1,268
81
884,864
REPORT, Report
1097.
Of
n V. 81, p
hit limine
total tonnage in
906 v
190
uneiO
1904.
1902.
1908.
13,766,651
(8,598,684
$2,87.
(3,446,747
\ei earnings
(973,060
(9
068
(705
oilier income
1,998
31,937
17,589
",
.
1
1
ANNUAL
—
1
.
.
1
Total net Income
in''
$98 7
819
etc
1,
$723.1 15
$1 ,031
;
,434
613,
Bal. for year
131,300
r. (325,425
sr.(13G
i'" ., N.tMonsarrat.
(V. 81, p. m'»7; v. 82, p.
62.)
w 5TI RM RY. {Set Map of Pennsylvania RR.)
TOLEDO PEORIA
Ov.
Effner, Indians S
aw, ill., 220 mill
1
—
<r<
1
,
it!
.
10
Peoria and Burlington
1
mill
la., 17
1
...
.
.
M
J
J
M
M
[
A
A
g,M
l
June
Dec
Jan
|J
%
%
2000
2000
1931
1
1
1
To Dec
15 1915
1921
1915
1935
1935
1935
1951
1951
1 1908
Jan
Nov
July
Oct
June
Feb
Feb
To Aug
Jan. '07-Jan '13
16
ORGANIZATION.— In
1894 joint ownership and management by Pa.
Stock, $4,500,000 (par $100), of
Q. was arranged.
which $423,100 in treasury ln 1906. Mtge. abstract, V. 45, p. 242.
Equipment trusts and notes June 1906, $296, 109; bills payable, $572,500,
including $220 000 Issued Jan. 1905, to pay off the debenture scrip.
EARNINGS. 12 mos. ,11905-06
Gross, $1,292,258; net $253,483
July 1 to June 30.
Gross, 1,281.443; net, 253,288
J1904-05.
Deficit under 12 months' charges, $22,119 in 1905-06, against def. $32,872.
REPORT. Report for 1904-05 In V. 81, p. 1433.
Year.
Gross Earn'gs.
Net Revenue Int.&Taxes Balance
1905-06
$1,292,258
sur.$22,119
$253,483
$275,602
1904-05
1,281,443
253,328
286.160
def.$32,872
(V 79, p. 734, 2458; V. 80, p. 707; V. 81. p. 669, 1433).
TOLEDO RY. & TERMINAL CO.— Owns a single-track belt road, 28.5
miles in length, opened Oct. 1 1903, around the city and suburbs (Including two bridges), with 2H-mile branch to terminal station; total 31 miles.
Used by the Cin. Ham. & Dayton, Toledo & O. Central, Tol. Angola &
Western, Pere Marquette, Detroit & Toledo Shore Line, Pennsylvania,
Wheeling & Lake Erie and Ann Arbor. V. 73, p. 617: V. 77, p. 770;
V. 78, p. 2443, 2600; V. 81, p. 899. In Jan. 1906, Judson Harmon of
Cincinnati was appointed receiver, coupons being ln default. V. 82, p. 49.
In April 1906 a committee, Andrew T. Sullivan, Chairman (Columbia Trust
Co., N. Y., and Portland (Me.) Trupt Co., depositaries), requested deposits
V. 82, p. 930, 1103, 1269.
of lirst mortgage bonds.
Stock author., $5,000,000; outstanding, $3,100,000. Pere Marquette
and Cin. Ham. & Dayton guaranteed the bonds jointly and severally,
principal and interest, by endorsement.
V 78, p. 2443, 2600; V. 79, p.
153, 628; V. 81, p. 899; V. 83, p. 97.
Commonwealth Trust Co. of St.
Louis is mortgage trustee; V. 74, p. 1140. Toledo Riverside Ry. bonds
are guaranteed by endorsement as to principal and interest by Toledo Ry.
& Terminal Co., Cincinnati Hamilton & Dayton and Pere Marquette.
V. 79, p. 968. Toledo Angola & Western bonds are limited to $300,000.
(V. 83, p. 97.)
V. 80, p. 164. Pres.. Geo. W. Perkins.
TOLEDO SAGINAW & MUSKEGON RY. From Muskegon. Mich., to
The Grand Trunk of Canada owns the $1,600,000
Ashley, Mich., 96 miles.
stock; bonds have a traffic guaranty.
V. 71, p. 85; V. 72, p. 338.
Gross.
Year ending
Net.
Interest.
Deficit
Tr at guar.
June 30 1905
$139,237 op. def.$3, 961
$83,100
$87,061
(13,342
RR. and
&
B.
C.
—
—
ANNUAL
—
— (V.
71, p. 31, 85.)
—
—
WESTERN
TOLEDO
ST. LOUIS &
RR. Owns from Toledo to East
Louis, 451 miles (61!^ and 70-lbs. steel); sidings, etc., 107 miles;
also has trackage to St. Louis and Toledo Union depots.
Owns jointly
with the Grand Trunk Western Ry. all the stock of the Detroit & Toledo
Shore Line Ry., Detroit to Toledo, 48 miles, jointly guaranteeing Its
bonds; present Issue $2,000,000. V. 76, p. 655.
Successor of Tol. St. L. & K. City foreclosed. V.70,p. 1196.
BONDS. Of the prior lien 3J^s $1,000,000 was reserved to be Issued
after January 1 1902 at not over $250,000 per annum.
Additional first
mortgage bonds, not to exceed $10,000,000, may be Issued at any time
to retire the prior lien bonds. -The equipment trusts dated Sept. 1 1906
cover 750 box cars and 500 coal cars. V. 83, p. 39.
.Gross, $3,859 ,141; net, $961,719
EARNING.S.— 11 mos., "II 905-06
July 1 to May 31.
Gross, 3,446,969; net, 700,195
J1904-05
For year ended June 30 1905 was ln V. 81, p. 1431.
REPORT.
Oth.inc.
Grnss.
Net.
Bal.,sur.
Charges.
Year
Taxes.
St.
4%
ORGAN'N.—
—
—
—
1904-05
$3,785,164 $934,064
$23,646 $656,490 $128,609 (172,611
4,968
1903-04 ...
3,341,648 915,474
578,149
118,350 223,943
Chairman of the Board, Wm. A. Read; President, T. P.
OFFICERS.
Shonts; Sec. and Treas., James Steuart MacKle.
William A. Read (Chairman), Hugo Blumenthal, James N.
Directors
Wallace, Thos. H. Hubbard, Chas. H. Tweed, J. Crosby Brown, J. J.
Emery. C. S. W. Packard. T. P. Shonts, Edwin Hawley and H. E. HuntOlnce, 60 Wall St., N. Y.
(V. 81, p. 1242, 1431
V. 83, p. 39.)
ington.
—
—
—
;
TOLEDO WALHONDING VALLEY & OHIO RR.— (See Map
—
Penn-
Owns road ln operation from Toledo Junction to Toledo
sylvania RR.)
O., 81 miles, and from Londonvllle to Coshocton, O., 45 m.; Sandusky
Total owned. 236 miles: trackage (Pitts. Ft.
to Columbus. 110 miles.
W. &
C.) to Mansfield, O., 7 111.;
2 miles; total,
Columbus, O.,
LEASE, ETC.
Cleve. Cin. Chic.
&
St. L. In
Sandusky and
245 miles.
—
Leased for net earns, to the Penn. Co., which guaranbonds and owns all the capital stock.
EARNINGS.— For calendar year 1905, gross, (2,460,048; net. $354,302:
tees the
charges, (178,288: dlvs., (90,000; bal., sur., (88,014.— (V. 75, p. 1088.)
TOMIWGBEE VALLEY RR.— Healing Springs. Ala. to Nanahubba
Landing, <>n the Tomblgbee River, 52 miles; extension under construction
from Healing Springs nortn to Butler, 35 miles, stock Is limited to
Of the bonds,
per mile, nil common: $520,000 outstanding.
(10,
$1,000,000 an- Issuable at $5,000 per mile and the remaining $200,000 for
equipment and terminals at $1,0011 per mile after earnings are more than
double those al he time ,,l lie making ()T lie mtge.
In April 1908, $ 125.000
v. 82. p. 806.
P01 7 months ending May 81 1906,
bonds had been sold.
gross, (82,109, against (21,079 In 1904-05; net, (11,779, against (8,1
Pres., J. T.
For year ending Oct. .'ii 1905, gro
(39,009; net, (1 1,840.
1
I
t
.
Cochrane;
Sec, Cha
,
P.
Duke,
TONOPAH & QOLDPIELO
Fairfield,
UK-
Ua.
(V, 82, p. 806.)
via Tonopali to Gold-
Owns Rhodes
miles; trackage 8 miles; standard gauge.
A consolidation
Deo. 1908
V. 82, p. 806. Thi Bull
& GoTdfleld RR., Bullfrog
to Goldfleld, about 76 miles, owned by same Interests, Is expected to be
V. 81, p. I"
completed In summer of 1906
pref.. (500,000,
Stock, comi
(1,650,000:
0, non-cum.;
paid Mas ,1 1906,
V. 82,
divide:
on pur. and commoi
p. 1041.
nd win retire one-fifteenth
(to be
innuall] Jan,
the Land
drawn by lot), the entire Issue belnp BUbJect to call at L02H
Tin
Co, ni Philadelphia Is mortgage trustee.
5
V. 82, p. 806.
901
if ro
con olldated foi B mom b ending
b. 28
Held.
\e\.,9i
1
1
.
1
Ii
.
F
3J4 g,J
i
5
Alar 1 1937
Sept 1 1942
July 16 1906 5
July 16'06 2H
April 1 1923
April 1 1993
Sept 1 1912
July 1 1943
Aug 1 1930
& J J P Morgan & Co. N Yljuly 1 1951
do
& A
do
Feb 1 1952
& N
'Nov 1 1938
& JjAmer Exch Nat Bk, N Y July 1 1917
& JiJan 1906 coupon not paid July 1 1954
& SJMarch 1906 coupon paid Mar 1 1927
& S Ohio SavBk & Tr Co. Tol Sept 1 1922
& J Central Trust Co, N
July 1 1925
& O
do
do
April 1 1950
& S
....Men '07-Sep
& J All owned by Grand Tr'k July 1 1918
J
4 g
1
and V.
ANNUAL
5g
5g
5g
4g
434
5g
5g
'
M
—M M
—
1
M
K&HC&CMg
—
Stocks Last
Dividend.
Whom.
Payable.
1.000
104
G.c'&r
209
Consolidated mortgage for $4, 105, 000
Dallas Div 1st M gold $20,000 per mile (text).Un.c*
Texas & Pacific— Stock 550 000,000 authorized
1,387 1888
First consolidated (now first) mortgage gold. FP c*
Second cons inc M ($25,000,000) g (see rem) __ Me c* 1,387 1888
340 1901
Louisville Div Br lines 1st AI gold $12,500 p m__Me
Alisceilaneous equipment trusts Dec 31 1905
1905
Texas & Pac Equip Ass'n Ser F guar §15,000 yearly
Usm
Texas Short Line First mortgage gold
9H 1901
46 1852
Tioga RR First mortgage due 1882 and extended gold
196 1885
Toledo & Ohio Central
First M gold (V 53, p 436) _Ce
N.c* Text.
1892
Western Division lirst mortgage gold
Ce c*
General AI (V 62 p 594) ($2,000,000) gold
335 1894
Alary 's Division first mortgage gold $500,000Moc*
61 1901
St
61 1901
do
first pref inc $500,000 non-cum 4 %..S.r
Car trusts July 1 1905 (principal due monthly)
1906
Equipment notes g $32,000 semi-ann (V 82 p 162)
Guaranteed Bonds.
3,000,000
1901
1,000
$3,500,000 sf red 110 after '11. Mo
1,000
2,750,000
1902
Continental Coal first Al gold s f red at 1 1 after 1 2 . S
Kanawha & Allchigan Ry See that company
300,000
1888
1,000
Tol & Ohio Cent Ext 1st AI (foreclosed) lnt only guar
4,895,000
Toledo Peoria & Western.. 1st
230 1887
(for $5,000,000) g.c'
.000,
1904
,000
3,500,000
Toledo Ry & Term
1st
$3,500,000 gold guar
c*
1,000,
150,000
1902
Tol Riverside 1st
g red 102 H to March 1909 guar
1,000
175,000
Tol A &
mor g red 102 Y after Sept 1907 not guar
1902
2
100 20,000,000
Toledo St Louis & West. Stock t M Is pref. 4 % n.-c.)
9,350,000
F c&r
451 1900 1,000 &c
Prior lien mortgage $10,000,000 gold
6,500,000
First Al g $6,500,000 red after July 1925 _.Col.c&r
451 1900 1,000 &C
1,000,000
1906
1,000;
Equip trust certs gold guar $50,000 due s-a..PeP c
"96 1888
.1)11(1
1,662,000
Toledo Saginaw & Muskegon First mortgage
issue
*$650,000 additional 5s In treasury June 30 1905; to tal Of $1,300 000
—
Wht
%
Where Payable, and by
n
$28,000
5g Al & S Union Trust Co, X Y
2,202,000
5 g
& S JR Winthrop & Co, N Y
2,649,300 5 in 1906 Yearly. [Farmers L & Tr Co, N Y
1,324,500 5 In 1906 J
do
do
Jj
•650,000 4 & 5 g A
1,000
do
do
O
1,000
900,000
5
J
J None in 1903-1904.
1,000
2,575,000
120 B'way, N Y
6g
S So Pac,
1.000
1,620,000
do
do
5g J
J
1,000
3,997,000
do
do
4g F
100 38,763,810
1,000 25,000,000
5g J & D Alecrantile Trust Co, N Y
1,000 24,661,770
5g March 1 5% paid March 1 1906
1.000
4.513,000
5g J & J Mercantile Trust Co, N Y
1,279,029
1,000
150,000
4H
1,000
175,000
5g J &
U S Mort & Tr Co, N Y
239.500
500 &c
Newbold's Son & Co, Phil
5g AI &
1,000
3,000,000
Central Trust Co, N Y
5g J &
1,000
2,500,000
do
do
5g A &
1,000
2,000,000
do
do
5g J &
i.ooo:
500,000
F &
do
do
~ 4e
500,000 Oct 1 If earned.
1,000
do
do
398,136
5 & 6
Monthly
1,000
416,000
4H g!J & J
1893
1893
1882
1893
1900
111
M
pal.
Rate
$1 000
1887
1892
227
i
—
—
Bonds PrinciWht n Due.
Size, or
of
see notes
In
First mortgage gold
Terre Haute & Peoria
Uu.c*
First
S2.500.000 gold guar p & (end)
Texas Central Common stock
Preferred stock non-cumulative
First M $2,000,000 gold red 110 ($150,000 4s)--F.c*
Texas Midland
Mortgage (S750.000 is 2d M)
c*&r
Texas & N O of IS74 Sabine Div 1st
gold
M
Vol. lxxxiii.
[
1
1
1
1
July,
1906.)
RAILWAY STOCKS
A,ND BONDS.
143
RAILWAY STOCKS AND BONDS.
114
INTEREST OR DIVIDENDS.
RAILROADS.
column headings, &c.
of
on
page of
first
Toledo Walhonding Valley
First
mortgage ($20.0001
,
Miles
Date
of
-
For explanation
of
see notes
& Ohio — Stock $4,000,000
A guar p &t (end)__Fc'l
—
236
52
91
1
~S8
88
42
30
26
—
—
—
—
_
M
9
27!
101
"19
—
RR—
$100
1,000
—
J
——
—
W
000
1
000 &c
1
1,000
1,000
1
,000
50
1,000
1893
1897
1888
1902
1904
1,000
1,000
250 &c
£10
£100 &c
1903
1903
1905
1,000 &c
1897
500 &c
11101
1,000 &c
1,000
100
1.000
1,000
£1.000
100
100
1,835
1,300
—
I
%
1.000
1,000
1,000
1891
1893
1902
1906
1906
1905
1896
1904
1906
1902
1883
1877
%
1
Rate
6
——
—
Amount
Outstanding
236
—
—
Par
Value.
1901
1238""
miles
'road
I
land
canal
26
J
1878
1883
1889
1894
1
1,000
1,000
1,000
1889
100
100
1,000
burg.
97
31
I
.000
1901
1895
net, $465,833.
Report of Tonopah RR. (66 miles) for year
ending June 30 1905 In V. 81, p. 1846, showed, gross, $836,976; net
$446,161; other income, $280; Interest and taxes, $35,363; bal., sur.
$411,078.
Pres., John W. Brock; Sec. and Treas., Clyde A. Heller.
$844,738;
Office, Bullitt Building, Philadelphia.
—
(V. 82, p. 806, 1041.)
TONOPAH & TIDEWATER RR. Under construction from Ludlow,
on the Atch. Top. & Santa Fe, to Bullfrog, Nev., 110 miles, to be
completed In 1906; extension proposed to Tonopah. Nev., 40 miles, making a total of 150 miles.
Stock authorized, $1,500,000. The debenture
stock certs, are guaranteed by the Borax Consolidated, Lim., and are secured by deposit of mortgage and bonds Issued thereunder with the Indian
& General Trust Co., Ltd., of London. V. 81, p. 1793; V. 82, p. 753 871,
Cal.,
1440.
Pres., Frank M. Smith, 100 William
Zabrlskle.— (V. 82, p. 871, 1440.)
St.,
N. Y.; Sec. and Treas., C. B.
TORONTO HAMILTON & BUFFALO RR.— Hamilton to Waterford
(See
Ont., 43 miles; Hamilton to Welland, 38 miles.: branches, 7 miles.
V. 62, p. 319.)
Under traflc agreement with N. Y. Central, Michigan
Central, Canada Southern and Canadian Pacific. Interest Is practically
guaranteed. See V. 68, p. 475. and advertisement In "Chronicle" of March
11 1899.
Of the stock. $2,500,000, 19 % is held by Canadian Pacific and
51 % by N. Y. Central.
V. 61, p. 753: V. 63. p. 359; V. 68. p. 475, 1134;
V. 69, p. 29. For 11 months ending May 31 1906, gross, $683,006, against
$605,977 In 1904-05. For year ending June 30 1904, gross, $673,312; net,
$224,051; Int. on bonds, $131,200; bal., sur., $92,851.
(V. 78, p. 1963,
2336; V. 79. p. 1705.)
TORONTO UNION STATION CO.— V. 82, p. 453.
TRANSYLVANIA RR Hendersonvllle to Lake Toxaway N. C, 42
miles.
Leased to Southern Ry. for 50 years from Jan. 1 1906 at a rental
of $25,000 yearly for 10 years and $30,000 thereafter.
V. 83, p. 97.
•Stock authorized, $420,000; par $100; outstanding, $355,000. V. 68, p.
926.
Of the bonds $66,000 is reserved for Improvements and additions.
V. 83, p. 97. Year ending June 30 1905, gross, $64,173; net, $20,601.
Pres., F. B. Alsop. 1502 20th St. N. W. Washington; V.-P. and Gen. Mgr..
(V. 81, p. 1793.)
J. F. Hays, Brevard, N. C; Treas.. A. K. Orr.
—
—
—
•
"TRAVERSE CITY LEELENAU & MANISTIQUE
RR. — Operates
Hatch's Crossing
Traverse City, Mich,, to Northport, 30 miles, of which
The Grand Rapids & Indiana Railway
to Traverse City, Is trackage.
owns one-fourth of bonds and wa sto operate the road, the rental being the
earnings.
V. 76, p. 812; V. 78, p. 1448; V. 82, p. 1098. Stock authornet
ized. $500,000; par of shares, $100.
The Union Trust Co. of Detroit Is
receiver.
Year
In April 1906 foreclosure suit was begun. V. 82, p. 988.
ending Dec. 31 1905, gross, $22,122; deficit under operating expenses,
Pres., R. R. Metheany; Treas., D. W. Kaufman.
$4,263.
(V. 83, p. 97.)
""TRAVERSE CITY RR. Owns road from Walton to Traverse City,
Mich., 26 miles; opened In 1872.
Leased In 1883 to Grand Rapids &
Indiana RR., but not Included In the reorganization of that company In
1896.
The Grand Rapids & Indiana has acquired nearly all the $205,000
stock and all the $190,000 of 5 % Income bonds; V. 78. p. 1448. Coupons
1st mtge. all paid to Jan. 1906 Incl.
For year ending Dec. 31 1905 gross,
169_,471: net. $10,750; interest. $7.5 00- _hal.. sur.. $3,250.—-(V.7 8 p. 1448.)
—
—
TRENTOrT(DELAWARE)"BRIDaE CO.— Owns
bridge 0.19~rnlles In
1877 to Nov. 1 2870, lease being assigned to Penn.
RR.: rental. $32 000 yearly and two-thirds of taxes paid by the Bridge
Company. Stock, $208,900. Bonds are guaranteed, prln. and Int.
* TRINITY & BRAZOS V ALLEY RY.— Cleburne to Mexla. Tex., 79 m.
Under construction from Mexla to Houston, 157 miles; also from Brewer
northwest to Waxahachle, 70 miles; V. 81, p. 560. Has trackage 'rights
from Cleburne to Fort Worth, Waxahachle to Dallas and Houston to Galveston.
Stock, $300,000, par $100. The Colorado Southern and Rock
Island Interests each own a half Interest.
V. 80, p. 1423, 2622; V. 82,
930, 986.
In Aug. 1905 made a new first mortgage to secure bonds at
p.
$30,000 per mile.— (V. 81, p. 030; V. 82. p. 1214.)
TROY & OREENBUSH RR. Owns from Troy to Rensselaer, 6 m.
doubl e track; leased to N. Y_ Central In 1861 & U7 % o n; 275.00 stock.
TUSCALOOSA'BELT RY. Owns about 9 miles of Belt road at Tuscaloosa. Ala. Stk. author., $100,000- Issued, $26,000 ($100 shares.)
F. W.
Monnlsb, Supt. and Treas., Tuscaloosa. Ala.
TUSCARORA VALLEY RR. Narrow-gauge road (3~ft7) Port Royal
Stock, $300,000; par, $50: Issued, $150,000.
to Blair's Mills. Pa.. 27 m
Year 1904 05. gross. $27,509: net. $9,848; charges, $8,926 bal surplus,
$922. Pres., T. S. Moorhead.
(V. 67, p. 1162. ) ->'•
(THE) ULSTER & DF.L A ARE~RR.— Owns from Kingston Point
Hudson River), N. Y., to Oneonta. 109 mtles. *ilth branches, a total of
i
29 miles.
V. 74. p. 4?. Stock, $3,000,000: outstanding. $1,900,000;
As to refunding 4s of 1902 «ee V. 75, p. 667; V. 79. n. 153.
par. $100.
There are $1,400 Income 5« maturing July 1 1905.
LATEST EARNINGS.— For 9 months ending March 31:
Cross.
9 months.
Net.
Olh.inc Charges. Bal., sur.
1905-06
$70(1.436
$200,001
$2,078
$123,619 $78,460
1904-05
589.400
162.628
121,338
43,318
2.028
r.-r-ii
Yn.end.Junt 30.
Net
Oth.tnc. Int. .tin. .etc. Bal., sur.
1904-08
$822,835 $238,701
$2,698
$160,864 $80,535
1903-04
784.225
222.030
2,621
64,436
160,216
From surplus In each year $.10. mm was appropriated for repairs and
4"; V. 75. p. 78. 667. lllo.V. 79. p.' 153.)
V. 74, p.
renewal*.
UNADILLA VALLEY RY Owns road from Brldgewatcr to New
Stock, $200,000; par, $100.
Berlin, N. Y., 19 miles
V. 78, p. 104.
Bonds, see table above: V 78, p. 1499. Lewis R. Morris Is trustee.
Year ending June 30 1905. gross, $42,262; net, $18,186; Int., taxes, etc.,
President. LcwIh M. Morris.
135
Office.
$9,000; bal., sur.. $9,186.
Broaway. N. Y .— (V 7* i> 1168.)
length.
Leased
In
—
—
•>
•
•
•
—
—
.
W
....
—
—
.
""UNDERGROUND ELECTRIC RAILWAYS
— Has
CO. OF
LONDON, LIM.—
ope rut on or under construction system of underground
and surface electric passenger railway! In London and suburl
rating
about 115 miles. (V. 79. p. 020, 1551, 2153; V. JC' p. 629), vlx:
(See
Map.)
In
I
When
— PrinciStocks— Last
Bonds
pal, When Due.
Size, or
Road. Bonds.
tables.
per mile) $4 .000,000 }B
do
c* )
gold
do
c*J
JC
Tombigbee Val 1st M $1,200,000 gold (see text)_.K
Tonopah & Goldfield— 1 St M $1,500,000 g red
c
Ton & Tidew 1st M deb stock crts £500,000 g gu p&
Toronto Ham & Buff 1st M gold $40,000 p m..AB c*
Second mortgage $1 ,000,000 gold
Transylvania First mort gold $500,000
Sc'&r
Traverse City Lecl & Alan
First M $;100,000 gold. c&r
Traverse City RR First mortgage gold
Trenton Delaware Bridge First mortgage
Troy & Oreenbush Stock 7 % rental New York Cent
Tuscaloosa Belt First mortgage $100,000 gold
K.c
Tuscarora Valley First mortgage $150,000 gold
Ulster & Delaware— Cons M for $2,000,000 gold.Ce.c*
Refunding mortgage $3 ,200 ,000
S.c'&r
Unadilla Valley
First
$200,000 gold redeem at 110
Underground Elec Rys of London Ord shares 50 % pd
5 % profit-sharing notes] $7,000,000 redeemable at
do
do
do jpar
4K % power-house debentures £850.000
Union Pacific
Common stock $196,178.700
Preferred stock limited to 4
non-cum $200,000,000
First M Ry and land grand $100,000,000 gold.. Me
First lien conv M gold called (text)
Union Springs & Nor 1st M $1,000 000 gold red 105
United N J RR & Canal Co— Stock 10 % guaranteed.
General mortgage of Loan of 1908 gold
r
1871 for $20,000,- Loan of 1923 gold
r
000 (now first mort!- Loan of 1929 gold
c&r
gage) FP secures Loan of 1944 gold
c&r
all equally.
Loan of 1951 gold p & lguar..
United Verde & Pacific First M $300 000
Mo.c
Utica & Black River See Rome Watertown & Ogdens
Utica Chen & Susq Val
Stock 6 % guar by D L &
Utica Clinton & Binghamton
Stock
First mortgage guar p & by Del & Hud (end) _ . N.c
—
[Vol. lxxxiii.
Where Payable, and by
j
Whom.
Payable.
Dividend.
3%
$3,235 000
In 1905 Yearly
All owned by Penn Co
Dec 30 '05
1,500 000
4^ g J & J Farmers' L & Tr Co, N Y July 1 1931
978 000
do
do
July 1 1933
4« g J & J
1,453 000
4 g
do
do
Sept 1 1942
M & S
242 000
April 1 1956
5g A & O New York
1,150 000
Land Title & Tr Co, Phil Jan 1 1 907-1921
& J
6g
£500 000
1960
3,280 000
4g J & D N Y Boston and London June 1 1946
1,000 000
June 1 1946
J
& D New York
434 000!
& J Standard Trust Co, N Yj Jan 1 1956
J
300 000
April 1 1952
A & O In default
250 000
J
& J Wlnslow, Lanier &C0.NY1 Jan 1 1933
350 000
J
& JTreasurer's Office. Phila: July 1 1917
275 000
Jne 15 06
J & D 15 Troy. N Y
100 000;
J
& D Knickerbocker Trust. NY! June 1 1918
g
150 000
5g ;J & J Metropolitan Tr Co. N Y July 1 1917
2.000 000
5 g
& D Central Trust Co N Y June 1 1928
700 000
Oct 1 1952
& O New York
4g
200 000
4g J & JOfflce, 135 B'way. N Y Jan 1 1934
£5.000 000
£3,599 268
a
London & West Bk. Lon June 1 1908
J
&
16,550 000'
&
Speyer & Co, New York June 1 1908
5g
£700 000
&
Registration Off, London
4.y
Si
2
195.460 900 See text. A &
Office, 120 B'way. N Y Apr 2 1 906
99,569 300 4 in 1905 A &
Apr 2 1 906 2
do
do
100.000 000
4 g
do
do
July 1 1947
&
J
569 000
do
Nov 1 1906
4 g
M &
do
5 g
75 000
International Tr Co. Bait May 1 1931
M 10
21,240 400
10
Offices, Phila and N Y
July 10 '06 2H
841 000
Office. Philadelphia
Sept 1 1908
6g M &
1,824 000
do
Feb 1 1923
4 g
>F
do
&
6,020 000
M &
do
Sept 1 1929
4 g
do
5.646 000
4 g
&
Nat Bk Com. N Y & Phil Mar 1 1944
5,669 000
do
Mar 1 1951
&
do
3H
300 000
j
&
Morton Trust Co, N Y Jan 1 1920
i
.J
3H%
I
I
3%
%
&N
Q—
M
M
4,000,000
6
849,285 See text. F
800,000
5
J
& N D L & W RR, New York.May 1906 3 %
& A10 On Nat Bk, Utica. N YFcb 9 1906 2%
& J New York Trim Co. N Y July 1 1939
—
—M
—
Tube Cos. Stk. mostly owned. Miles.
Miles.
Surface
a j. Stk. owned.
Baker St. & Waterloo Ry
1
London United Tramways (in
1st sec. opened Mar. 10 1906.1
operation)
42
Char. Cross Eus. & Hamp. Ry_. f 45
Tunnel Leased Maj.stk. owned.
Great Northern Piccadilly
Metropol. Dls. Ry. (incl. 3 % m.
&|
Brompton Ry
jointly owned with others)
28
J
Both to be completediln 1906.
Total
..115
ORGANIZATION. Incorporated on April 9 1902. Speyer & Co. of
N. Y., the Old Colony Trust Co. of Boston and Speyer Brothers of London
have the right until 1912 to nominate a majority of the board.
—
—
—
5%
SECURITIES. The
profit-sharing notes of 1903 are a direct obligation and are secured by a 1st lien on certain stocks and shares of properties
controlled, deposited under terms of trust deed, dated May 29 1903, with the
London & Westminster Bank, Ltd., trustee. The whole or any part (to be
drawn by lot) may be called at any time at par. For profit-sharing provisions, &c, see listing application to the N. Y. Stock Exchange at lenrth,
V. 79, p. 2153; V. 76, p. 1031. In April 1906 increase of $25,000,000 capital
was authorized, but no Immediate issue of securities was contemplated.
V. 82, p. 753, 806.
Names
Total
Issued.
of
—
Controlled
Cos.
£
Names
Held by
Under.Co.
of
Controlled
Cos.
Metrop. Dis.
—
£
Bak.St.& Wat-1
Total
Issued.
£
Held by
Under.Co.
£
Ry.
erloo ord.stk. [l ,685,730x1,279,660
Ordin'y stock 3,235,000 1,781,500
pf. stock 1,500,000
4
pref. stk.
y96,000
Perp. stk.
2d do
248.700
Nil
1,470,000 1.470,000
Ch. C. E. & H.,
4 %guar.stk.zl ,250,000
6,500
3
cons, per
£4,326,000 au. 2,473,760x2,473,570
perp. deb. stk.
rent charge z2,l 16,666
4
Deb. stk. and
cNll
£1 ,442,000 au. Nil
loans
z2 ,775 ,825
Gt. Nor. Pic. &
London United Tramways.
Bromp., £5.Ordinary stk.* 1,250 ,000 '878,700
405,000 auth. 2, 988. 610x2,618,750
perp. deb. stk.
pref. stk. 1,250,000
el53,770
4
£1,801,000 au. 1.133,000 dNll
1st M.4%deb. 1,031 ,000
deposited for profit-sharing notes,
Has a vote on
x Practically all
y
£537,351 additional, on which holders have ceded their vote In consideration
'£600,070 full paid In
z No voting power.
of scaled dividend guaranty,
(of which £500,000 owned) and £399,930, £1 per share paid in (of which
ab Undere Also controls vote on a further £415,000.
£378,700 owned)
ground Co. has vote on a£2,639.351 out of £4,960.000 and b£l ,447,470 out
cd Issuable to Underground Co. or nominees
of £2,250,000 voting shares,
on demand; c £594,000; d £635,000.
%
5%
4%
%
%
5%
%
.
REPORT. — Report
for year ending June 30 1905 was in V. 81, p. 1372.
Edgar Speyer, Chairman; Walter Abbott, James A. Blair,
Directors.
T. Jefferson Coolidge Jr., Frank Dawes, The Right Hon. Lord Farrer, The
Hon. Sydney George Holland, L. F. Loree, Charles James Cater-Scott,
Sir George Glbb James Speyer, Charles Alnsworth Spofford, Jonkheer
Henry Telxelra de Mattos, Lord George Hamilton and Sir James Clifton
(V. 82, p. 629, 753, 806.)
Robinson; Sec, W. E. Mandellck.
—
—
——
UNION PACIFIC RAILROAD.
(See Map.)
The system embraces:
Miles.
Controlled
Practically Owned
1,012
Ore. Short Line RR.. Gran640
ger, Wy., to Huntington,
106
Ore.,
Helena,
Mont., to
Denver to Cheyenne..
149
_al,318
Frisco. Utah, &c
Lasalle, Col., to Julesburg
al,076
.1,221 Oregon RR. & Navigation
Other branches &c
Leased
68
Tot. main llne'and branches .3 128
Total all lines July 1 1905. -.5,588
'Also owns one-half Interest In the San Pedro
a See these companies.
Los Angeles & Salt Lake Ry., which see.
1905 320 miles of extension had been authorized and others were
In Nov.
under consideration. V. 81, p. 1675. Contracts were let from Hersey to
Northport, Neb., 115 m.; also for branch from O'Fallon's. Neb., along
north bank of North Platte River to Northport, about 200 m. Extension to Seattle, V. 82. p. 220.871.
HISTORY. Incorporated In Utah July 1 1897, to succeed per plan of
Oct. 15 1895 (V. 61, p. 704, 705. and V. 64, p. 424) the Union Pacific Ry.,
as stated to N. Y. Stock Exchange In V. 66, p. 618; see also V. 67, p. 790.
In 1901 02 purchased $90,000,000 stock of the So. Pac. Co.. a strong
working control, and In 1004 $18,000,000 of Its pref. stock. V. 72. p. 243,
The U. P. jointly with the
284; V. 73, n. 446; V. 75. p. 130V V. 80, p. 1914.
C. R. I. & P. controls Chic, & Alt. Ry., the U. P. owning $10,340,100 pref.
V. 81. p. 1664. On June 30 1905 $18,665,259 Gt. Nor. and $24,stock.
295,100 Nor. Pac. stock was held, part pledged under Or. Sh. Line ref.
mtge. V. 81. p. 1671.
STOCK. In 1899 stockholders authorized increase of com. stock from
$61,000,000 to $96,178,700 and of pref. stock from $75,000,000 to $100.000,000 to complete control of Oregon Hit. & Nav. and Ore. Short Line.
On March 21 190 eomoion stock was authorized to be Increased by
$100.000. 000, to provide for conversion of firs! Hen Is, all except $569,000
V. 72. p. 392. 628; V. 82. p. 1271.
of which have heeo exchanged.
As to new pref. stock In 1905, sec "General Finances" below.
1900
1900
1901
1902
1898
1899
1903 1904 1905
DIVS.
Below. Apr., 3
4
4
4
4
On com
3H
Apr.. 2
4
4
4
4
4
4
On pref ...
1H 3M
In 1905. on com., April. 2 %; Oct.. 2 ',: %\ 1906, April, 3%. V.82. p. 393.
BONDS.—The 1st mtire. (Mercantile Trual Co., trustee) coven the 1,854
miles composing the former union Pacific and Kansas Pacific lines, including Hi,- telegraph, terminals, equipment, nod, directly or Indirectly, land
Statemenl t» N, v. Stock Bxch., V, 66, i>. 618.
grants,
The ftrsl lien convertible 4% gold bonds were convertible up to July l
The ImmiiIs not converted ($569,000) will
IQ06 Into common atock at par.
v. 82, p. 1270: v. 83.
1006,
be called f'» payment at 102M on Nov.
See mortgage nbitract, V. 72. p. 1084; V. 72. p 802, 776.
97.
p.
—
Lines owned directly
Council Bluffs to Ogden
Kansas City to Denver
|
,
I
I
—
—
1
%
1
—
July,
1906.]
RAILWAY STOCK AND BONDS.
145
RAILWAY STOCKS AND BONDS.
146
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
on
mortgage
Flrst
of
—
of
guaranteed by
D L & W.c
RR Stock $25,000,000
Indianapolis & Vincennes 1st M guar p & 1 (end)..c
Terre Haute & Logansport RR first mortgage
Terre Haute & Indianap cons M (now first) gold_.F
Cons M $25,000,000 gold Ser A $10.000,000. F.c*&r
Vanderbilt Tim Alin& Southw
1st
g $12,500 pm red
Vera Cruz & Pacific 1st M $7,000,000 g red (text).c*
Vermont & Mass Stock 6 % guar by Fltchburg RR..
Bonds currency guar p & 1 by Fltchburg RR
Vermont Valley See Connecticut River RR.
Vicksburg & Meridian— See Alabama & Vlcksburg.
Vicksburg Sh & Pacific Ry Common stock $3,000,000
Preferred stock 5 % non-cumulative $2,200.000
F.xc*
General mortgage $3,500,000...
Vlcks Sh & Pac RR prior lien mortgage gold..Ce.c*
Virginia Midland
See Southern Rv.
Virginia & Southw
1st M $2,000,000 gold guar.-Mo
Wabash- Pittsburgh 1st M $50,000,000 gold. Me.c* &r
Second mortgage gold Incomes to June 1910 Eq.c* &r
Wabash RR Com stock $78,000,000 authorized
Preferred stock 7% non-cumulative $24,000,000..
Ce.c*
St L K & X on St Charles Br'g gold
Ce.c*
Wabash first mortgage gold ($34,000,000)
Vandalia
—
—
M
—
1,000
1,000
1,000
1,000
1
1904
1901
1885
136
1902
1904
1904
000
1.000
1,000'
1,000 &c!
1891
1899
1901
1901
1904
1901
1904
1904
1906
1904
226
144
B.c*
ioo!
i,ooo;
1878
1889
1889
1889
1889
1,542
1,009
1,542
1,542
150
97
mtge $10,000,000 g..B.c*&r
Equipment bonds $3,000,000 sinking fund.N.c&r
do
do
Series A due $42,000 M & N
do
do
Series B part due semi annuallyCPi
Equip trust bonds due $309,000 semi-ann red 101
First lien terminal
year
1,000
500 &ci
.000
—
LANDS. The 1st 4s of 1897 covered June 30 1905, directly or through
beneficial ownership, 3,962,413 acres of land, situated In Nebraska, Wyoming, Colorado, Utah and Kansas, the value of which was estimated June
30 1905 at $2,666,701; also futrher notes or contracts for lands sold aggregating $7,027,319, and the lands for which, if not paid for, revert to the company. See V. 67, p. 791. Total estimated value of lands and land assets
June 30 1905, $9,694,019. During 1904-05, 769,278 acres were sold for
$2,047,186. In Feb. 1906 acquired about 15,000 acres of coal lands near
Durango, Col., for about $1,000,000. V. 82, p. 335.
—
GENERAL FINANCES. The Oregon Short Line RR. 4 and participating 25-year gold bonds, secured by a like amount of Northern Securities
Co. stock, were called for payment on Feb. 1 1905, refunding 4s being issued
In their place. See Oregon Short Line RR., V 75, p. 136, 395; V. 76, p. 384;
V. 80, p. 1914; V. 81, p. 1671.
As to Southern Pacific Co. preferred stock (issue in 1904, $40,000,000),
see that company.
V. 78, p. 2443.
In July 1903 512 miles of the Oregon Short Line south of Salt Lake City,
Including branches, was sold to the San Pedro Los Angeles & Salt Lake Ry.
the Oregon Short Line acquiring a half interest in the San Pedro L. A. & S.
L. (which see); total paid on account of investment to June 30 1905 was
$20,400,000. V. 76, p. 920; V. 77, p. 38; V. 79, p. 1707, 1709.
Expenditures on U. P. system for improvements and equipment during
3 years 1900-03, aggregated $39,223,423. V. 77. p. 1226, 2109.
The stockholders voted on May
1 905 to increase the preferred stock from
$100,000,000 to $200,000,000 to "finance coming requirements," to be issued as required. The purpose is not made public, but is suggested by the
remark in the official notice that a company "should finance at least a part
of Its capital requirements
especially such as arise in connection with the
acquisition of stocks of other companies through the issue of stock." V. 80
%
•">
—
—
p. 1364.
In May 1905 the U. P. and Nor. Pac. arranged for joint construction of
125 miles of road Into Clearwater district, Idaho. V. 80, p. 2221.
In 1906 the dividend rate was increased to 6 %.
LATEST EARNINGS. For 11 months ending May 31 net over taxes:
Gross Earnings
Net Earnings
1904-05.
1905-06.
1904-05.
July 1 to April 30
1905-06.
Union Pacific system. ..$61,774, 201 $54,105,189 $28,118,173 $25,146,878
REPORT. Report for 1904-05 in V. 81, p. 1662, 1669 (see
also editorial, p. 1637) Average train-load of system, 506.8 tons in 1904-05.
Years end. June 30
1904-05.
1903-04.
1902-03.
1901-02.
Averagemlles
5, 353
5,357
5,762
5,710
Gross earnings
$59,324,947 $55,279,231 $51,075,189 $47,500,279
Oper. exp. and taxes.. . 31,862,714 30,497,443 28,747,216 25,559,226
—
—
ANNUAL
—
.
Netreceipts
Income from lnvestm'ts.
$27,462,233 $24,781,788 $22,327,973 $21,941,053
6.496,761
4,266,844
4,647,843
4,580,602
Total Income
charges
Int. Ore. Short Line
$33,958,994 $29,048,632 $26,975,816 $26,521,655
$11,152,342 $12,429,595 $11,675,703 $11,989,480
I
in-
comes and preferred..
$22,489
$23,962
$21,599
$29,580
DIvs. on U. P. pref
(4)3,982,356 (4)3,982,256 (4)3,982,064 (4)3,981,552
do common
(4^)7,104,250 (4)4,350.836 (4)4,350,612 (4)4,205,082
Balance, surplus
Con
ii
$11,698,447
$8,263,456
$6,943,474
$6,315,961
&c— (July
OFFICERS,
'in..
Mahl; Treae., F. V.
—
Wm.
Wm.
1905.)— Pies.. E. H. Harrlman; V.-Pres.,
A. il. Mohler; Sec. Alexander Millar; Comp.,
Crosby.
S.
Directors
James Stillman, Marvin Hughltt, E. il. llarrlman, Henry C.
Frick, A. .J. Earllng, P. A. Valentine,
Smith, Oliver Ames,
G. Rockefeller, Wm. D. Con
Lo etl Chas. A. Peabodv,
il. ii. Rogers, David Wlllcos and Robert \\
Goelet.
4way, X. V.— (V. 82, p. 1270; V. 83, p. 97, 156.)
UNION SPRINGS & NORTHERN RY.— Owns Union Springs to Fort
Davis. Ala. 7
miles. Bond
led to call on and after May 1 1906 at
".
V. 76, p. 753,
30 1905, gross, $26,998; net, $10,003; Int. on bonds. $5,il, M.963.
040; bal
Pres., \v. \i
Blount; Treas., .J. M. Elly. 01
Union Springs, Ala.— (V. 76, p. 753.)
.
.
.
'
.'.
.
ii
'
I
.
.
union TERMINAL
1906.
V*.
Ml
i
l.l>
NEW IERSEY RAILROAD
i
I
Del.
and;
&
Rai
&
ulla.
CANAL CO.— (See Map
&
'J"r
/
d Ion hei ew 11 h
.extending From
to Jersey City, with bi anches
miles; Hudson River ferries to New York,
own to New Brunswick,
Belvlderi Del.
which set are
i
and connci
nil
to Great Nor. Ry. In
iperated In
pri
forms an lmportai
Morthern Nen
conni
Jei
I
i
—
—
i
In .lone
rental equal to 10
EARNINGS.
$7,498,624;
.«.
1,3 17, 156;
i
.sT
erest
Fo
ending
other
dividends, $2,12
mla RR.
to
i
on bond
for
999
5
.
yei
<fec.
1
.
Rich
to
•
.
!
Dtlca,
tarings, 22 miles;
October 1872.
Leased to Delaware L<ackarn at r, %i
qo bonded debl
MCA CLINTON A BINO.HAMTON RR. Owi
tlca, N. Y., to
laiiviiie,
N. v.,
continuance of cl
and
thereof to Delaware <v Hudson
ompany, whlcb pi
Operated by "•
Y. Ontario & Western
of $61,500 per annum.
The
e lea ed to
owned (10
tlca a- Moimnk Valley Ry,
per annum.
Capli
(par $100), dividends
for $15,000
no $200,000 or will eii are guaranteed bj Del. >v Hudson
ler annum;
variable
S M 7< 1898 to 1905,
±•
.
t
1
.
1
1
Ii
Bk
J
D
J
Man, 40 Wall,
of
Mercantile Trust Co,
I
|
June
..
A & O
M & N
g
g
g
195 B'way, N
Central Trust Co, N Y
Office,
Y
!
Ac
do
do
& A[
& J In Jan 1904 paid 3%
& J None ever paid.
5 g
J
& J Central Trust Co. N Y
4 g
& J|New York Tr Co, N Y
J
M & S Knickerbocker Tr Co, NY
4g
3J^gA & O; Bowling Green Tr Co, NY
4 g
do
do
& j!
J
5g M & S New York Trust Co, N Y
5 g
M & N Bankers' Trust Co. N Y
4HPTJ & D Colonial Tr Co. Pittsburgh
AA g J
& J Lee,Higginson&Co.,Bost.
5 g
F
!
J
J
6
6
l
Semi-ann; Bowling Green Tr Co, NY
Oct
1
Feb
1
1
May
1905 2 %
1905 5%
1941
1915
2003
1954
1954
1908
1939
1939
1939
July 1
See text.
July
1941
Jan 1 1939
Mar 1 1941
Oct 1 1941
Jan 1 1954
Mar 1 1921
To Nov 1914
To Dec 1914
To Julv 1 1916
May 10 1907
VALLEY (N. Y.) RR.— Binghamton, N. Y. to State Line of Penn.,
11 miles.
Leased to Delaware Lackawanna & Western at 5 % per annum
on stock, the lessee assuming the Interest on bonds.
VANDALIA RR. (See Map Pa. RR.) The road embraces:
Owned.
Miles
Leased— ('See this co.)
Miles.
,
—
—
*145
Indianap., Ind., E. to St. L., 111. .239 Terre Haute & Peoria
Indianapolis to Vincennes, Ind. ..117 Evansvllle & Terre Haute
16
South Bend to Rockville, Ind
160 Trackage
27
Logansport, Ind., to Butler
93
Brandies
39
Total
836
ORGANIZATION. A consolidation Jan. 1 1905 per plan V. 79, p.
2148 (see also V. 80, p. 1243, 1244) of St. Louis Vand. & Terre Haute,
Terre Haute & Logansport, Terre Haute & Indianapolis, Logansport &
Toledo and Ind. & Vincennes RRs. Pennsylvania Company owns a
majority of the stock. As to Vandalia Coal Co., see V. 81, p. 216.
STOCK. Authorized, $25,000,000: issued. $14,649,546; par $100.
DIVIDENDS.— Dlv., 2% paid Aug. 5 1905; in 1906, 4% (F. & A.).
BONDS. The consolidated mtge. is a first lien on the road from St.
Louis to the Indiana State line, 159 miles, and from Logansport to Butler,
Ind., 93 miles, and a lien, subject to the $4,100,000 old bonds, on the remaining 415 miles owned, lor which an equal amount of consols is reserved;
$10,900,000 being also reserved for improvements and general purposes,
See application to list. V. 80, p. 1243, 1236; V. 81 p. 1728; V.82, p. 162, 630,
EARNINGS. Report for year ending Dec. 31 1905 In V. 82, p. 748.
showed: Gross, $7,845,222; net, $1,695,169; other inc., $34,271; charges,
$743,974; dividend (4%), $564,282; extraor. expend, fund, $325,000;
bal., sur., $96,184.— (V. 82, p. 162, 748, 1270.)
—
—
—
—
,
VANDERBILT TIMBER, MINING & SOUTHWESTERN RY.—V.
82, p. 930.
—
VELASCO BRAZOS & NORTHERN RY. Road from Anchor to Velasco,
Tex., 20 miles. Sold in foreclosure July 3 1906 to Pres. C. H. Alexander.
V. 83, p. 39. For year 1903-04, gross, $16,982; deficit under operating
(V. 82, p. 336, 1214, 1324; V. 83, p. 39.)
expenses, $4,853.
VERA CRUZ & PACIFIC RY. Owns from Cordoba, on the Mexican
Ry., to Santa Lucretia, 203 miles, on the Tehuantepec National Ry.,
by which connection is had with Selina Cruz on Pacific Ocean, 114 miles
distant; also branch from Tierra Blanca to Vera Cruz, on the Gulf of
Mexico, 62 miles, forming a through line from the Atlantic to the Pacific
Ocean: total, 265 miles. Stock, $1,000,000 common, all owned by Mexican Government, which guarantees bonds, prln. and Interest, by endorsement. V. 78, p. 1783, 1963: V. 79, p. 1933, 1643.
BONDS are subject to call at 110 to July 1 1924, and on July 1 1924
and thereafter at par. Of the bonds $4,500,000 had Interest scaled to
and 3% from
1 % to Dec. 31 1905, 2% from Jan 1 1906 to Dec. 1 1907
Jan. 1 1908, to Dec. 31 1909; these have supplementary coupons attached,
representing balance ot 414% interest, payable at Speyer & Co., New
York, from fund deposited therefor.
EARNINGS. For 6 mos. ending June 30 1905, gross earnings were
Bal. sheet June 30 1905. V. 81. p. 1846.
$209,931.
Pres. and Gen. Mgr.. Thomas Milan, Orizaba, Vera Cruz, Mex.; Treas.
and Asst. Sec, L. S. Zimmerman, Baltimore. (V. 81, p. 1846.)
VERMONT & MASSACHUSETTS RR.— Road. Fltchburg to GreenLeased to Fltchfield, Mass., 56 miles of double track; branch. 3 miles.
Bonds for $772,000 were Issued
burg RR. for 999 years at 6% on stock.
lo;refund the 5s due May 1 1903, etc.— t\ 79, p. 2589.)
VICKSBURG SHREVEPORT & pacific RY.— Delta, La., on MisOf this, 17 miles,
sissippi River, via Shreveport, to Texas line, 188 miles.
Shreveport to Texas State line, is leased to Mo. Kansas & Texas till July
May 1 1901, to V. S. & P. BR., foreclosed per plan
Successor on
1925.
V. 72, p. 628, 676; V. 77. p. 38.
STOCK, ETC. Of the $3,500,000 general 5s, $1,323,000 are reserved
to take up at maturity the prior lien 6s and $355,000 for future requireCar trusts June 30 1905. $75,396.
ments.
DIVIDENDS. On pref. stock, 1902 to 1905, 6% yearly; on common
1903 2H%; 1904, 3%; 1905, Nov., 2%
!: \ 1:
IflNGS.
le 80, gross, $1,302,222 In 1905-06;
Report for 1904 05 iii v. 81, p. 1548.
$1,424,023 in 1904-05.
Cross.
Other inc. Interest. Bal., Sur.
Net.
Year.
$170,480 *$188,619
1904-05
$1,424,405
$343,472
$15,627
'229.485
10.057
1,426,751
379. .sr.C,
loo.", 01
160,438
• From surplus paid In both yr.n
on pref and In 1903-04 3 % on
common and In 190 05, 2 %: In all tor 1903 04, $192,835, and for 1904-05
(V. 79, p. 2589; V. 81, p. 1548.1552.)
$164,270.
VIRGINIA & CAROLINA COAST RR. See Norfolk & Southern Ry.
VIROINIA-CAROLINA RY.
of Jan. 1906.
VIRGINIA & SOUTHWESTERN RY.— See page 170
WABASH CHESTER 4 WESTERN RR. See page 179.
—
—
—
•
—
.
—
—
i
I
—
—
WABASH-PITTSBUROH
II
RMINAL RY.— (Sea Map
Of
Wabash RR.)
extending rrom connection with Wheeling & Lake Erie RR.
ni.n
Jewett, <)., easterly to Pittsburgh, Pa., aboul 60 miles, opened
IXtenSlVC terminals at
'It
si mi' h and majority Ol StOOl
July_2 1904;
of wheeling A: Lake Erie (whlcb Bee), thus controlling n,,- easterly end
om Toledo to Pittsburgh. V. 78. p. 1908, 2386,
te
<>r the Wab
Stock, $10,000,000, aii owned by wabash.
2443; V. 82, p. 570.
in Septembei 1904, acquired the entire $14,000,000 stock ol Pittsburgh
Terminal im. d> Coal Co. a belt line at Pittsburgh and about 16,000 acres
nl coal and 676 acies Ol 'Hilar, [and
the Initci leased to the Pittsburgh
The stock is pledged to Becure Wabasb Hit. 4H % notes ot
Coal Co.
'
81 1905, cross, $29,914,971; net,
Int., rem.-, is, Improvements,
&c,
1,040; bal., sur., $1 ,38 ,0
(V. 74, p. 682.)
Dei
UTICA CHENANOO & SUSQI EHANNA VALLEY RY.— Owns
N. v.. to Greene. '•
Road
total, 97 miles
6
5
5
J
— owns mad
;
i
5g
4g
4g
Y Nov 30
Aug 26
N Y May
Y Nov
N Y Jan
N YiJune
.
SIOUX CITY.— Sold
RY.,
r,7o.
82, p.
A &
M &
6,160,000
1,000
1,000
1,000
1,000
1
&
g J
Dividend.
NY
6,1811,0(10
l,000i
1,000'
1,000 &c
1,000
1,000
1,000
1,000
4H
6
3H
2.000,000
29,000,000
20,000,000
38,000,000
24,000.000
468,000
33,011,000
14,000,000
3,500,000
26,500.000
3,349,000
1,600.000
3.000,000
3,173,000
3,555,000
2,500,000
672,000
739,000
&c
1,000
6 g
When Due.
July 1906 2 \i %
A
do
do
Aug 1 1911
O All owned by B & O.
[Oct 1 1921
A Checks mailed.
SAug 15 1906 2 %
A Farmers' L & Tr Co, N Y Feb 1 1908
do
do
Jan 1 1910
J
do
do
July 1 1925
J
do
do
Feb 1 1955
A
30 years
J Speyer & Co, New York July 1 1934
O 53 Devonshire St, Boston April 1906 3 %
do
do
May 1 1923
Nl
Lack & West,
2,856,500 2 in 1905 Yearly. [Central Trust Co, N
2,142,800 5 In 1905 Yearly
do
do
1,822.000
5
M
N Farmers' L & Tr Co,
1,323,000
N Central Trust Co, N
6? M
100
Mp.c
Second mortgage gold
Deb M income non-cum Ser A red par to 1909. Me
do do
income non-cum Series B not red. Me
Detroit & Chic Exten 1st M g s f red at 110 .Ce.c*
N.c*
Des Moines Dlv 1st M.gold $1,800,000
Toledo & Chic Div M gold $3,000 000
K c*
1
1
5g
4g
'
Whom.
J Del
6
!
10,000.000
162,500
7,000,000
3,193,000
772,000,
100
—
Three-year collateral notes red at 101 after
500,000
Where Payable, and by
Payable.
5
1,900,000:
100J
188
188
%
400.000i
5
750,000,
6
14,649,546 U In 1906
1,700,000
7
1.000
100
1,000
1903
When
Rate
'•
$750,000
250 &c
188
——
—
Division $3,500,000 gold
$100
1867
1879
1885
1905
._.
—
Omaha
Amount
Outstanding
1.000
1,000
133
93
116
655
13
265
59
>
—
Par
....
1881
62; 1881
F
(for
'pal.
Value.
11
11
—PrtncU
Stocks — Last
Bonds
Size, or
Road. Bonds.
$500,000)
— First mortgageauthorized
$1,000,000
Valley (Virginia)
Date
of column headings, &.C., see notes
first page of tables.
Y)— Stock 5%
Valley (N
[Vol. lxx^iii.
I
t
>
,
.
v. B0, p. 1864.
V, 70, p 1024, 2087; V, 80. p. 1232. 1364, 1729.
classes or bonds are secured by all property now owi
ereafter acquired, Including 60 miles of road owned, Pittsburgh terminals, and new bridge over Monongabela River, and further by deposit
of a controlling Interest in the Wheeling & Lake Erie, viz.: $11,870,000
1:10.1.
BONDS.— Both
preferred and $847. 500 Drst preferred si
and also i>v a traffic and trackage agreement with the Wneellngli Lake
Erie ami Wabash, under which the latter two companies pledge 255
tiich
irnlngs from traffic Interchanged to meet any deficiency of
common, $6,423,800 second
•
xn
CO
o
>
>
W
a
H
^
c
1906.]
>
July,
RAILWAY STOCKS AND BONDS.
147
RAILWAY STOCKS AND BONDS.
148
RAILROADS.
IXTEREST OR DIVIDEXDS.
Miles
For explanation
column headings,
of
on
page of
first
&c,
Date
of
of
see notes
(Concluded)
Miscellaneous car and engine trusts May 31 1906..
Five-year notes $10,000,000 gold redeem at par
Kans Cy Exc Sp & Nor
g guar (V 79 p 2697) - Columbia & St Louis $300,000 gold guar p & l.-SSt
Buffalo Term Assn 1st
$1,100,000 guar p & 1
Leased Line Bonds
St L Coun Bl & O 1st
(option V 75 p 1033)
Wabash Chester & Western First mortgage gold. _c*
V First consolidated mortgage $ 1 ,000 ,000 gold . . SSt.c*
Wallkill Valley
Stock 3 \4 % guaranteed
I -First mortgage (formerly 7s) guaranteed
M
9
22
M
—
M
ref
1877
1877
1900
1898
1895
1895
1904
1899
1,000
1.000
1,000
100
1,000
1,000
50
1.000
500 &c
1,000
1,000
1.000
1,000
421,000
300,000
390,000
330,000
250,000
330,000
1,800,000
1,394.000
1,853,000
2,498,000
2.245,000
2,500,000
378,000
23
1905
1902
1,000 &c
1,000
10,000,000
500,000
50
50
1,000
1,000
1,000
1,000
1,000
1,000 &c
9,639,300
104,000
999,000
750,000
90.000
1,600.000
1,500,000
975,000
50,000,000
1,000
1,000
100
1,000 &c
1.000 &c
130
163
I
1st
int
(text)
1st
1st
Atl cons
M
1
($650,000
5s:
bal 6s coupon)
West Jersey consol mortgage ($1,500
Is
79
128
r
scrip)
11
Woodstown & Swedesboro first mortgage
c*
329
West Jersey & S S first cons M Series A gold
c*
329
• Gold Series B $1,500,000 gold
c*
329
*-Gold Series C $1,000,000
c*
479
West Shore 1st M guar p & end by N Y C-.Un.c&r
West Virginia Central & Pittsburgh See Western Martyland
—
—
M
I
—
&
Pittsburgh
First
gold. .MeBa.c*
159
Western (Ala)— 1st M gold guar by C Ga and Ga RR.c*
132
Western Maryland Com stock $60,000,000 autli
Me.c'&ri'Text
First mortgage $50,000,000 gold
General lien and conv M S10 000,000 (text).B.c»&r Text
—
1881
1879
1882
1896
1896
1896
1885
500 &c
1890
1888
1902
1902
and contract with the Carnegie Steel Co. See application to
V. 80. p. 1231, 2221.
first 4s, the remaining $21,000,000 Is reserved for
No first mtge. bonds
additional mileage, acquisitions and future purposes.
In excess of $35,000,000 are to be issued until the full Interest for the preceding year has been earned and paid on all the outstanding first and
second mtge. bonds. The second mtge. bonds are entitled to interest at
per annum to June 1910 lncl.. If earned (non-cum.), and thereafter
become fixed interest bonds. V. 78, p. 2386, 2443; V. 82, p. 989.
Gross. $736,146; net, $279,449.
EARNINGS. 10 mos., 11905-06
July 1 to April 30.
Gross, 223,563; net,
48,713.
J1904-05
1440.
V. 82, p. 989.
The
Interest
Of the $50,000,000
4%
—
WABASH RAILROAD.
Map.)
(See
— Embraces
lines as follows, viz.;
Owns West of Miss. River,
Miss. River.
Miles
Moberly to Ottumwa, la
131
Toledo, O.. to East Hannibal,
Camp Pt. and Elvaston, 111. 536 Salisbury to Glasgow, la., etc 15
Decatur, 111., to E. St. Louis.. 110 Des Moines to Moulton, la
95
June, near Chicago to EffingBrunswick, Mo., to Council
Bluffs, la. (lncl. 41 m. leased) 225
ham and Altamont, 111
216
31 Excelsior Spr. to Mllw. June.
Streator to Falrbury
9
Edwardsvllle Branch
8
Delrey, near Detroit, to Butler 110
Total owned and leased
2,046
Montpeller, O. on line to DeTrackage, etc.
Clarke Junction
--trolt, to Clarke Junction, near
Chicago to
18
•Chicago
150 Moberly to Hannibal
._
70
Attica to Covington
15 East Hannibal to Quincy
17
Champaign to Sidney
12 7 short lines to Quincy, DeToledo to Montpeller, O
troit, &c
50
36
New Haven to Butler, Ind
26 Other lines
54
Owns Wes' of Miss River.
Windsor, Ont., to Buffalo
275
St Louis to near Kansas City. 275 (Grank Trunk Ry. V. 66, p. 812.)
Centralla to Columbia, Mo
21
11
Grand total July, 1905
2,516
St. L. Levee to Ferguson, Mo...
Also owns entire $10,000,000 stock of Wabash-Plttsburgh Terminal
Ry., 60 miles, which holds a majority of stock of Wheeling & Lake Erie
Ry., 472 miles. See those companies. The Lorain & West Va., an allied
company, is building from Wellington on Wheeling & L. E. to Lorain, O.,
80 miles. V. 82, p. 928.
HISTORY, &C. Successor In 1889 to the Wabash St. Louis & Pacific,
which was sold In foreclosure. See "Supplement" up to January 1889.
The Mo. Pac. system on Jan. 1 1904 owned $8,500,000 pref. stock and
$5,435,000 debenture bonds, making $13,935,000 out of atotal of $92,000,000 stock and voting debentures. V. 78, p. 1110.
LEASE. Entrance to Chicago Is over Chic. & West Indiana, of whose
stock this company owns $1,000,000 (dividends, 1896-06, 6% yearly.)
tf-STOCK.— Stock authorized Is $24,000,000 preferred 7% non-cum.,
all outstanding; also $78,000,000 common, as Increased March 1904, of
which $38,000,000 has been Issued; $10,000,000 having been used In
1904 to acquire $10,000,000 of Wabash-Plttsburgh Terminal Ry.; par,
V. 78. p. 704, 1224, 1963.
$100.
Holders of "A" and "B" debentures
are entitled to one vote at stockholders' meeting for every $100 of principal,
and to nominate one-half of highest even number of board.
»• BONDS.
Abstracts of the mortgages of 1889 were In V. 49, pp. 270-273.
The first mortgage covers all the lines owned both east and west of the
Mississippi at time of reorganization (1,542 miles); but the second mortgage
covers only 1,009 miles cast of the river.
^.-Debenture mortgage bonds are $3,500,000 series A (pref. In respect to
Interest payments only) and $26,500,000 series B.
If series B bonds
are not presented at maturity. July 1 1939, Interest will continue to be
payable if eat in I. See stock above as to voting power.
Buffalo Terminal Association guaranteed notes, v. 83, p. 157.
ff'Jin Man
ee (Henry Evans, Pres. continental Fire Ins.
Co., j\. Y., chairman; U. S. Mtge. & Tr. Co., depository) requested the
of
,
—
depo>i< of " B" debi
•In June 1908 li
..I
optlo
older. 990
a
,
plan.
4%
r<
tin-
It
in
ol ail
undi
INTEREST Oil
"A" bonds
In July
Oit
%
in
ooi
'95'
'94.
..
I
Ohicago
\
v. 82, p. 1324; V. 83, p. 97."
"96. '97. to '99. '00. to Jan.. '04
o
6 yrly (J
J.)
ed.
V. 78, p. 2601.
($3,500,000); ab tract V. 5 1, p. 101!).
rlyli
.
&
new 30 ear
and providing for
plates a
i
mortgage for $200,000,000 co
the
"B" bonds would be
a new consolidated
id $500 In common stock, or, at. the
yndlcate to agree to give that amount
derstood thai
bond either $700
per $1,000
oil'-:
.
bond
oi
1899
&
<5i
.800,000 authorized) cover
See V. 88, p. 574, and adV 89, p. 335,798, 1248.
fc.Ti
ileago Division
d by a first lien on
extension constructed in tool from Maumee, O., to Montpeller, 50 miles,
/-,
ami iion, ;.ew n
miles.
a Hen, subject
on Montpeller to Chicago,
to Detroit * Chicago
•A sinking
[Ulpmenl .....I 1901 annually at 108
for ..ii.i
,iiei $200,000.
V. 72,
p. 185, :,s2. k6,180,000
[% equipment
96 miles, equlpmei
vert
$250,000, etc.
>
b
1899; al
oi 1901 a
is.
i
.
i
.,
1
i
I
V. 82, p.
Omaha
I
198.
Division
ei
Council Bluffs, la., to Patton burg, Mo.,
144 miie,.
Co
V. 75, p. 686.
& St. Louis RR., guaranteed b
V. 74, p. 1040; V. 75, p. 6
V. 78, p. 338, 786, 1012;
ne.i to acquire
The jio.ooo.ooii
of 1904 win i>e
from time tO time additional ie,
Ul ,| |< a
\tu.,
Chicago and (.mlnev, III., Toledo, ()., Detroit, M
A oilni p]
In 1904 06 $3,555,000, covering freight terminal! in Si
V. 7'., p. 436, 768, 1082; V. 77, p. 512; V. 78, p. 288, 1448; V. 81, p.
1437; V. 82, p. 570.
• In
April itto4, $6,160,000 three-yeai
re sold, htcefly to
provide for terminal faclllt
<i
note belt
by
the entire .Vtoek andl$6,600,000 or 60 year <•
Pitts. Term. l!y.; V. 78. p. 1051; al o 8840,0002eqUrp.6s.|(V. 78, p.
•
i
'
.
i
.
1
g
.
I
I
M & N
&
Central Trust Co. N Y
J Office. St Louis
Office. 195 B'way. N
& N
4ff
Slocks
6
May
1910
1928
1942
June 29 1907
Ian
Y May
..
—
Last
Dividend.
Whom.
1
1
1
& J Office, 195 B'way. N Y July 1 1908
& J Nat Bank of Comm, N Y July 1 1918
& J July 1894 paid July 1 '96 Jan 1 1928
Q— Grand Cent Station, N Y Aug 1906 %%
3H
do
do
Aug 1 1917
& J
3H
do
Ang 1 1917
& S
do
3^
Apr 15 '06 Z\b
7
A 15 & O Del L & W RR, N Y
do
do
Aug 1 2000
F & A
3H S
Q — M Knickerbocker Tr Co,NY|Mar 1 1948
4g
4g J & J Farmers' L & Tr Co. N Y' July 1 1935
July 1 1935
4
Payable las earned. See text
3!^gJ & J Central Off. Portland, Me Jan 1 1954
Jan 1 1939
5g J & J Philadelphia, Pa
3H g|F & A Washington and New Yk Feb 1 1945
o g
F & A Mercantile Trust Co, N YAug 1 1930
See text. M
S Broad St Station, Phila Mar 15 '06 3%
June 1 1906 3%
cV
do
6
J
do
D|
5 & 6
do
do
July
1911
J
J
iNov
do
do
1909
6
M & N
U & N Camden Safe Dep& Tr Co May
1912
6
1936
4g J & J Broad St Station, Phila July
6
5
g
5g
3H
do
do
do
do
Grand Cent Station.
g J
A:
4
4 g
(5)
&
J
July
July
B & O Off, 2 Wall St.N Y April
O Guaranty Trust Co, N Y Oct
4M%
O
O
&
&
4g
1936
1936
2361
Jan
A & O
4 g
five-year
NY
Mercantile Trust Co, N Y|Oct
Bowling Green Tr Co. NY Oct
1
1
1
1
1990
1918
1952
1952
notes of 1905 ($10,000,000 authorized Issue), of
which $7,000,000 was sold, are to be issued principally to increase the
facilities around Pittsburgh; are secured by pledge of about $8,000,000
Wabash-Pitts. Term. Ry. notes and other collateral. See list, V. 80, p.
1729; V. 80, p. 1231, 1364.
GENERAL FINANCES. Completion In July 1904, of the controlled
Wabash-Pittsburgh Term. Ry. (see that co. above) affords direct connection
with Pittsburgh. V. 78, p. 2386. 2443; V. 79, p. 1024. A Gould syndicate has acquired the Western Md. RR. to obtain access to tidewater.
As to retirement of debenture "B" bonds and new refunding Issue, see
—
BONDS
above.
EARNINGS. — 11 mos., 11905-06
July 1 to May 31.
J1904-05
Gross, $22,694,028; net, $6,134,777
Gross, 22,761,747; net, 3,894,593
Earnings of combined lines of system east of Toledo, including the
Wheeling & Lake Erie, Wabash-Pittsburgh Terminal and West Side Belt
lines, for 10 months ending April 30, were $5,310,814 in 1905-06, against
$4,038,648 In 1904-05; net, $1,495,069, against $752,962.
REPORT. Annual meeting at St. Louis second Tuesday In September.
Report for 1904-05 in V. 81, p. 1310: editorial, p. 1347.
Year ending June 30—
1903.
1905.
1904.
Average mileage
2,517
2,517
2,486
.
Gross earnings
$24,696,600 $23,023,626 $21,140,831
—
Netearnlngs
Fromrent
$4,193,156
875,262
Total net income
Track, bridge rent, etc. _
Interest on bonds
Div. on "A" debentures
Balance
$5,340,118
641.347
$5,325,167
531,428
$5,068,418
$826,624
2,232,594
3,468,572
of tracks, etc
Taxes
$5,981,465
$750,159
2,019,592
3,092,423
105,000
$5,856,595
$664,703
1,751,229
3,034,513
210,000
.def. $1,459,372
sur.$14,291 sur.$196,150
Frederick A. Delano;
— Chairman. E. T.F. Jeffery; Pres.,Sec. C. Otteson.
Treas.,
Gen. Mgr., Henry
L. O'Leary;
Directors — Thomas H. Hubbard, E. T. Jeffery, R. M. Gallaway, Edgar
Gould,
C. Reynolds, John T. Terry, Russell Sage.
T. Welles, George
OFFICERS.
Miller;
J.
S.
J.
S. Pierce, W. B. Landers, R. C. Clowry, W. H. Blodgett and
F. A. Delano.
Office, 195 Broadway, N. Y.— (V. 83, p. 97, 157.)
Winslow
WARREN & CORS1CANA PACIFIC
WARREN RR.— See page 179.
—
—
Where Payable, and by
Payable,
RR.
list,
Owns East
H
4g
4
4,000,000
1,543,000
15,685,400
36,190,000
10,000,000
18
18
1
1st
$500
1878
1888
1893
J)
—
%
$1,551,706
7,000,000
100,000
200,000
835,000
1,000
When
Rate
157
19
3
Virginia
Amount
Outstanding
1905
1901
1902
1906
"55
33
—
-Second mortgage Income K % guaranteed
Warren (N
—Stock 7 % perpetual guar D L & W..
F.c'&r
M $2,000,000 gold guar p &
P- First
Washington Central — First M gold $15,000 per mile. K
Wash & Columbia River — 1st M $2,500,000 gold.F.c*
-Income bonds non-cumulative $2 500,000
F
Washington Co—
M gold guar (end) red (text)Ce.c*
Washington & Franklin —
M $475,000 g rental.
Washington Ohio & Western — See Southern Ry.
Wash Term —
-Us.c* &r
M $12 000,000 g guar
Weath Mid Wells & Nor—
M guar p & end (text).N
West Chester — See Pennsylvania RR.
West Jersey & Sea Shore RR — Common stock
Special guaranteed stock (West Jersey RR)
r
West
Par
42
65
41
—
•
Camden &
pal,
Value.
Road. Bonds.
tables.
Bonds— PrinciWhen Due.
Size, or
—
—
Wabash RR.
[Vol. lxxxiii.
WASHINGTON
WASHINGTON
WASHINGTON
WASHINGTON
WASHINGTON
RY.
— See page 179.
CENTRAL RY. — See page 179.
& COLUMBIA RIVER RY.— See page 179.
COUNTY RY. — See page 179.
& FRANKLIN RY. — See page 179.
TERMINAL CO. — To own union station at
Massachu-
setts Ave., Washington, D. C; terminal and approaches to be completed
The Phila. Bait. & Wash. (Penn. RR. system) and the
eirly In 1907.
Bait. & Ohio own the outstanding $2,500,000 stock (authorized amount
$5,000,000) and guarantee the bonds, of which $10,000,000 bearing iYi%
Interest was sold in April 1905, the $2,000,000 unissued bonds not to bear
Interest In excess of 1"„; V. 80, p. 1973.
V. 76, p. 812, 594; V. 77. p. 252;
other tenants besides guarantors are Southern
V. 80, p. 652, 17'",, 1364.
(V. 80, p.
Ry., Washington Southern Ry. and Chesapeake & Ohio Ry.
1973; V. 82, i). 8of,, 989.)
1
WEATHERFORD MINERAL WELLS
& NORTHW. RY.
—
— See p. 179.
WELLINGTON GREY & BRUCE RY.— V. 81, p.. 1850; V. 83, p. 39.
WEST JERSEY & SEA SHORE RR. — (See Map Pennsylvania RR.) —
the lines on the Pennsylvania system in Southern New Jersey.
Camden, opp. Philadelphia, to Atlantic City (59 miles), Camden
to cape May, .si miles, etc., total, 329 miles.
Of this.
V". 62, p. 36". 871.
Camden to Atlantic City, with branch to Mlll\ llle. Is being equipped elcctrlcallj
V. 82, p. 985.
STOCK. -Common stocfa authorized was $S,O76,O00, of which the
Stockholders voted March 6
Penn. Itu. held Jan. l 1908 $2,333,750.
or the new stock about $3,418,,000.
1906 to Increase the stock to $10,1
000 w.as subscribed by stockholders at par In April 1906, raising the amount
out landing to $9,889,800.
V. 82, p. 187, 393, 754.
yearly;
DIVIDENDS.—Common, Sept. 1896, to Mar. 1905, lncl.,
in Sept. 1905. 3%; 1906, Mar. ;i %.
BONDS.—First consolidated mtge. Is for $7,000,000, of which In Apr
1905, si. .sin, ooo were reserved tor prior lien bonds when due, and $1,060,ooo for Improvements, etc, v. 62. p. iit'.i.
in Oct. hum, $1,000,000
Mtge. trustee, Commonwealth Title
were Bold for Improvements.
[nsur. & Trust Co. Philadelphia.
EARNINGS.— 8 mos., 1908
,$1,669,428; Qe1 $35:'. 077.
1905
Gross,
1,414,628; net, 195,277.
Jan. 1 to May 31.
REPORT. -Report for 1908 was In V. 82, p. 985.
1902.
1905.
Yearseni.Dec.il.
1904.
1903.
Owns
all
Including
.
6%
1
.
.
"1
.
$4,662,405
$4,307,597 $4,260,460 $3,893,799
Gro learnings...
r
n-ir>,47.
1.002.391
1,263,677
1,049,091
Net earning
in 1906 other Income, 848,667; Interest on Funded debt, rentals, taxes,
special guaran$370,137: dividends at
>n com. (and 8% on
teed) call for $348,122, leaving $619,079; appropriated for extraordinary
expend in. $532,990; bal., sur., $61,004.
(V. 82, p. 570, 764. 085.)
>
It
SHORE
—
kk'. -i.svr Mops .v. Y.CentraVA Hudson Biter.)
Wee«
J,, opposite \\ v. City, to Buffalo, N. v.. with branches,
Syr. Ont. 'V .\. v. iuc (owned), Syracuse to Earlvllle, 43 m.;
m. Successor or N. Y. west Shore & Buffalo, foreclosed.
LEASE. -Leased In 1885 for 475 years to the New York central &
Mini mi and all earnings, Ac, Included In that company's leport.
The
$10,000,000 r,' stockJsJownedsby4theJNewjYork^Central Company.
\m
si
hawken, N.
438 miles;
t
total,
1
:
>
July,
RAILWAY STOCKS AND BONDS.
1906.]
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation
on
of
column headings &c,
page of
first
of
—
—
M
Un.c*
$10,000,000 gold (see text)
Income bonds $10,000,000 gold non-cum
FP c*
Western North Carolina See Southern Ry.
Western Pacific 1st
$50,000,000 g red 105. B c*&r
Western Pennsylvania See Pennsylvania RR.
Wheeling & Lake Erie Com stock $20,000,000 auth
non-cumulative $5,000,000
First pref
non-cum $12,000,000
Second preferred 4
Me.c*
First mortgage Lake Erie Dlv gold
Wheeling Dlv $ & £ (2d on 187 m) g.-Ce.c*
First
Extension and Improve
($1,900 000) gold.-Ce.c*
Me.c*
First consol mortgage gold $15,000,000
red at 105..
Pittsburgh Lisbon & Western Ry 1st
gold
.Ce.c*&r
General mortgage $35,000,000
Notes g sec by $12,000,000 4s guar p & 1 red par..N
Toledo Dock & Coal Co 1st
int paid as rental
Car trusts June 1908 payable monthly, quar & ann
Equipment bonds $2,500,000 gold s f (see text) .. Me
Equipment trust notes gold due $51,000 yearly
Wheeling Term 1st
$2,000,000 g s t guar p & l.c&r
White & Black River Valley 1st
g int guar.-F.c*
White Pass & Yukon Stock £1,700,000
Consolidated first mortgage deben stock red after '20
Mortgage debentures (navigation bonds) red
—
—
—
—
of
Road. Bonds,
Western Maryland (Concluded)
West Va Cent & P 1st M gold $3,600,000. ..Mp.c*
Me
Piedmont & Cumberland 1st M Int rental gold
Coal & IronRy 1st M guar gold (V71 p 1166). .MeBa
Potomac Val 1st M $2,000,000 gold guar.MeBa.c'&r
Lines Leased (x) and Controlled by Ownership of all
xyBalt & Cumb Val By 1st M Interest rental
xyBalt & Cumb Val RR 1st M Interest rental..
xBalt & Cumb Val RR Ext stock gu ($270,000 car 7s
Ba
First mortgage Interest rental
xzBalt & Harrlsburg RR mortgage gold_.MeBa.c*
Ext gold guar. MeBa. c*
xyBalt & Harrlsburg Ry
Western New York & Pennsylvania Stock (see text)
Western N Y & P 1st M ($10,000,000) gold.Me.c*
General
Date
see notes
tables.
W
1886
1888
1889
451 1899
25, 1896
1905
1905
1883
187
50
260
M
—
M
M
—
—
10
63
1902
1904
1900
1900
110
---
1900
1901
M
—
1.000
£10 &c
£100
—
—
—
,
.
,
,
.
,
—
—
—
%
%
—
NEW
total
owned, 600
miles; leased, 60 miles.
ORGANIZATION.— Reorganization
plement
Mch. 18 1895 (per plan
In
"Sup-
of Jan. 1895) of the Railroad, foreclosed Feb. 5 1895.
In 1900 the Penn. RR. purchased $19,402,686 of the stock at $9 per
share. $9,165,000 Income bonds at $300 per bond, and on Aug. 1 1900 took
the road over under lease. V. 71, p. 31. 85; V. 70, p. 843, 1096, 1150. The
new lease, made for 20 years from Aug. 1 1903, Is to continue thereafter from
year to year, subject to termination at any time on 60 days' notice. V. 75,
p. 1255.
BONDS —Abstract of Western N. Y. & Pa. 1st mtge. In V. 47, p.
On Dec. 31 1904 $396,000 Income bonds were In the treasury. Mtges. 109,
and
ground rents payable Dec. 31 1905, $562 428
REPORT.— Report for 1905 was In V. 82. p. 984.
Years end. Dec. 31
1905
1904.
1903.
Gross earnlnes.. _
$6,647,829 $5,341 ,975 $5,685,787
Net earnlnes.
1 091 S'O
277.598
473.205
Int. charges on 1st mtge
499,500
499,500
499.500
Int. on ge*n. mtge. (see above) ..
400,000
400.000
400,000
Taxes
116.V68
118.468
109.369
Car trusts and other Interest
209,674
221 .302
134 100
Miscellaneous and extraordinary.
647.63.")
109,318
227,112
ANNUAL
Balance,
— (V. 77. deficit.
825;
$242,941
S1. 188.784
$1^317^399
V. 78. p. 1499; V. 80 p. 1364. 1476; V. 82. p. 806. 9X4.1
V E T R
P AC F,C R
Under construction from Salt Lake Cltv,
TT. ^ ? l.
P-^P'i Oakland (San Francisco) with branches, about 930 miles. In Frb.
1904 the Alameda & San Joaquin RR.. Stortttoo to Tesla. Cal.. 30 m.. was
acquired.
V. 78, p. 822.
In Mch. 1905 control of the Boca & Lovalton.
Boca to Beckwlth, &c, 56 m., was purchased. V. 80, p. 1425. In Mch.
p.
r
*!
,
'
V—
Where Payable, and by
Whom.
5g
See text.
'
stock, but In 1905 the former sold its Interest.
V. 82, p. 336.
DIVIDENDS 11894 to 1896. '97. '98. '99. '00. '01. '02 to '05.
2 yearly
5
4
3
4 yearly
j
2
( %)
For year ending June 30 1905 gross, $1,032,522; net, S412.115; other
Income, $3,310; charges, etc.. $290, 555, dlvs,.$120.000. (V. 82, p. 336.)
WESTERN
RR.— (See Map.)— HISTORY.— In June 1902
the Gould Interests acquired the interest of City of Baltimore In road.
Extension to tidewater at Baltimore was opened in Sept. 1904. See V. 79,
Stockholders voted Oct. 19 1905 to ratify the purchase of conp. 2693.
trolled companies, viz.: Western Maryland Tidewater, Potomac Valley,
Piedmont & Cumberland, West Virginia Central & Pittsburgh, Bellngton &
Beaver Creek Ry. and Coal & Iron Ry. V. 81, p. 509, 900, 1243
Lines Owned
(385.2 m.)
Miles.
Lines Owned
Miles.
{Con.)
Bait., Md., to Cherry Run
106.4 W. M. Tidewater RR. at Bait. .
6.0
Cherry Run to Cumberland
59.0
Cumberland to Elkins
112.3
Total owned
385.2
Bellngton to Weaver
5.9
Lines Leased
(150.8 m.)
Elkins to Durbin
47.1 Bait. & Cumb. Val. and Ext...*34.1
Elkins to Huttonvllle
.'97.6
. 17.6 Bait. & Harrlsburg
Branches
30.9 Washington & Franklin
'19.1
(•See this Co.)
Total operated
536.0
Above includes connecting link from Big Pool, opposite Cherry Run, W.
Cumberland Md 59 miles completed Feb 1 90 6 making the system
Va. to
a through route from the coal fields to Baltimore.
As to Unlontown & Wheeling Short Line, see V. 82, p. 1270.
STOCK. Common stock, $60,000,000; outstanding June 1905, common,
$15,685,400.
BONDS. The new 1st 4s of 1902 (authorized issue $50,000,000) cover
the entire property and the stock of the proprietary and leased lines; also
all of the stock of the unbonded Davis Coke & Coal Co., which owns 100,094
acres of coal land, 7,000 acres of Iron ore lands and coal mines producing
about 2,000,000 tons of coal and coke yearly. Of $25,000,000 first Issue,
$3,500,000 was being used to build the 60-mile extension from Cherry Run
W. Va., to Cumberland, Md., to connect the West Va. Cent, and the West'n
Maryland. The remaining $25,000,000 was reserved as follows, viz.: $7,481 ,300 to take up at maturity all above existing bonds of Western Maryl'd
leased lines and the West Va. Cent. & Pitts, system, and $17,518,700 (of
which $11,190,000 has been Issued) under careful restrictions for additions
and development of property of the two railroad companies, and providing
terminals In Baltimore. V. 75, p. 550,850; V. 79, p. 1024; see V. 79, p. 2692,
and V. 81, p. 266; V. 80, p. 473, 1914; V. 81, p. 614.
In Oct. 1905 the 1st mtge. was a direct first lien on 157 miles, and, through
a conveyance of the West Va. Cent. & Pitts, and other proprietary companies, became a direct second Hen on 227 miles additional, subject to $6,200,000 divisional Hens; It also covers practically all the stock of proprietary and
leased companies owning 131 miles of road in Pennsylvalna and Maryland,
subject to $1,281,300 underlying bonds, making a total of 515 miles covered, directly or Indirectly.
The gen. Hen and convertible mtge. secures $10,000,000 of 4
50-vear
bonds bearing 4
fixed interest since Oct. 1 1905. V. 75, p. 850; V. 76, p'.49.
REPORT. Report of syndicate managers, giving consolidated balance
sheet June 30 1905, &c, V. 81, p. 1240.
Gross
Net
Other
Total
11 mos. end. May 31
Earnings.
Earnings.
Income.
Net.
1905-06
$4,339,592
$1,512,658
$793,844
$2,306,502
1904-05
3,549,537
1,292,759
606,318
1,899,077
Pres., Wlnslow S. Pierce; V.-P., F. S. Landstreet. Directors (Oct. 1905),
V. 81, p. 1243.— (V. 81, p. 1667; V. 82, p. 336, 1103, 1214, 1270.)
WESTERN
YORK & PENNSYLVANIA R.Y.— (See Map Pennsylvania RR.)— Owns Buffalo to Emporium, Pa., 118 miles; Buffalo to Oil City
Pa., 136 m.; Oil City to Olean, 110 m.; Rochester to Hinsdale, 99 m.; Stoneboro to Mationlngtown, 38 m.; branches, Including proprietary lines, 99 m.;
MARYLAND
&c
20.000.000
4,986 900
11,993,500
2,000,000
894,000
409,000
1,000 11,697,000
500
150,000
1,000 See text.
8,000,000
50,000
657,500
1,000
2,198,000
5g
1,000
459,000
1,000
1,485,000
4 g
1,000
600,000
5g
£10 £1,375,000 See text.
—
,
%
100
100
100
1,000
1.000
1,000
BONDS. The bonds cover 479 miles of road, and also the terminals
atlWeehawken. Abstract of mtge. in V. 42, p. 176. (V. 681332.)
WEST VIROINIA CENTRAL & PITTSB. RY.— See^Western Maryland.
WEST VIRGINIA & PITTSBURGH RY.— See page 179.
WESTERN (THE) RY. OF ALABAMA.—Selma tOiJWest Point, 132 m.
Georgia RR. and Cent. RR. of Georgia, each owned half the $3,000,000
—
When
Payable.
Rate
—
M
—
Amount
Outstanding
1881
$1,000 $3,250,000
6g J &
1886
650,000
1,000
5g F &
1900
1,000.000
1,000
5g F &
31' 1891
1,000
1,300,000
5 g
&
J
See s tatement of each c
(y) or ,Ma)ori ly(z)ofS took
3 1879
500
48,500
6
J
& J
5 1879
72,800
100 &c
6
J
390,600
5 & 7
50
J
27 1881
230,000
6
J
1,000
32 1886
1,000
690,000
5g M
15 1888
1,000
240.000
5g M
600
50 20,000,000
600 1887
5 g
1,000
9,990,000
J
& J
600! 1895
1,000 10,000,000
4g A & O
1895
1,000 10,000,000
5
Nov 1
%
M
Par
Value.
£746,702
£255,555
5
6
[
&
S
— Princi-
When Due.
pal,
29
45
1903
Bonds
Size, or
132!
M
4%
149
—
Stocks Last
Dividend.
Nat Bk.N Y; & Bait July
Hambleton & Co, Bait Aug
Merc Tr & Dep Co, Bait Aug
Hillen Station, Baltimore Jan
ompany.
Farm & Mech Bk. Bait July
do
do
July
do
do
July
First
do
do
do
do
do
do
1911
1911
1920
1941
1929
1929
1906
1931
1936
1938
July
Nov
May
Trust Co,
New York
NY
Jan
1
do
—When
April
1
earn April
1
1937
1943
1943
Sept
1
1953
Oct
July
1
do
Fidel Trust
New York & San Fran
A & O
Mercantile Trust Co, N Y
& J Central Trust Co N Y
do
do
&
Mercantile Trust Co, N Y
M &
Bowling Green Tr Co, NY
&
J
F &
F &
F &
J
& J Mercantile Trust Co, N Y
& D New York
J
F & A Office, Pittsburgh
J
& J First National Bank, N Y
See text. Office, 7 Moorgate St.Lon
& J
do
do
J
& J Glyn, M, C & Co, London
J
J
F
1926
1928
1930
Sept 1 1949
July 1 1926
Aug 1 1955
Aug 1 1908
Aug 1 1908
To Dec 1914
Jan 1 1922
1
Feb
1
Dec 06-Dec
Aug
'14
1940
June 30 1980
Julyl4 1906 2%
Dec 31 1930
Jan 1 1911
1
1906 the Marysville & Susanville was acquired. V. 82, p. 570. The Denver
& Rio Grande and Rio Grande Western own two-thirds of the stock and
jointly and severally agree to meet any deficiency in earnings to provide Interest on bonds.
V. 80, p. 1730. In Aug. 1905 contract for 500 miles was
let.
V. 81, p. 778, 1494.
Stock authorized, $75,000,000; par of shares, $100; V. 81, p. 728. Bonds,
$50,000 000, have been sold; see table above. V. 78, p. 1168; V. 80 p. 1480;
V. 81, p. 32. The shareholders Nov. 9 1905 authorized a $25,000,000 2d
mtge., none of the new bonds to be issued at present. Pres., E. T. Jeffery.
Directors, Mch. 1906, V. 82, p. 630.
(V. 81 p. 1494; V. 82, p. 570, 630.)
WHEELING TERMINAL RY.— Owns a railway bridge at Wheeling, W.
Va., and about 10 miles of terminal track. Successor of Wheeling Bridge &
Terminal Ry., foreclosed In 1900. STOCK. $2,000,000. all owned by
Pennsylvania Company, which guarantees principal and interest of bonds,
of which $500,000 are reserved for additions and Improvements; mtge.
trustee. Commercial Trust Co. of Phila. Form of guaranty, V. 76, p. 655.
Penn. RR. on Jan. 1 1906 owned $1 ,263,000 bonds. For year ending Dec. 31
1905 gross, $235,801; net, $150,502; charges, $59,400; bal., sur., $91,102.
Secretary, S. B. Liggett.— (V. 76. p. 655.)
—
,
—
WHEELING & LAKE ERIE RR.— (See Map of
—
Lines owned
Toledo, O., to Martin's Ferry
Cleveland to Zanesvllle, O
Miles.
Wabash RR.)— Includes:
I
216 (Cleveland Belt..
144] Branches owned
45 Branches operated not owned
Canton to Sherrodsvllle
,
Toledo Belt Line
Total July 30 1904
Miles.
6
49
33
5|
— Successor May 1899, per plan V. 66,
ing & Lake Er\e Railway foreclosed. V. 68,
830.
HISTORY.
In
1
p. 1142, of
498
Wheel-
p.
,
Wabash-Plttsburgh Terminal Ry.
(which see above) acquired in 1904
following amounts of the stock: $11,870,000 common, $6,423,800 2d pref.
and $847,500 1st pref. stock. V. 78, p. 2386, 2444.
The Zanesvllle Belt & Terminal Ry. has been operated since Jan. 1 1902
under a temporary agreement. V. 74, p. 207. The W. & L. E. RR. owns
majority of the stock of the Pitts. Wheeling & Lake Erie Coal Co., leased In
1901 for ten years to other parties. V. 70, p. 799, 741.
In May 1906 the acquisition of the Lorain & West Virginia, under construction from Wellington north to Lorain, 20 miles, and of the Sugar Creek
& Northern, under construction from Bolivar northwest to Orrville, 28
miles, was authorized.
V. 82, p. 1103.
STOCK. Common stock authorized, $20,000,000; 1st pref., 4% noncum., $5,000,000; 2d pref., 4% non-cum., $12,000,000; outstanding, common, $20,000,000; 1st pref., $4,986,900; 2d pref., $11,993,500; par of shares,
$100.
See "History" above.
BONDS.—The mtge. of 1899 secures $15,000,000 gold 4s, of which $3.328,000 are reserved to retire at maturity all underlying bonds. V. 68, p.
1027; V. 69, p. 29. They are a first Hen on 202 y miles and cover 248 H miles
2
additional, subject to the outstanding divisional bonds. V. 74, p. 1040. Under the consol. mtge. all underlying bonds, as exchanged, must be canceled.
(V. 71, p. 391; V. 70, p. 896,998.) See application to list, V. 71, p. 34, 542:
V.J72, p. 534, 628; V. 74, p. 1040; V. 77, p. 2392.
New 4s of 1905, see below.
Equipment bonds of 1902 may be purchased at not exceeding 105 and Interest or drawn by lot at 108 and Interest (or the sinking fund may be applied
to the purchase of additional equipment) to the following amounts: $75,000
for 4 years, beginning Jan. 1 1903, then $100,000, $125,000, $150,000 and
$175,000 yearly for each successive period of 4 years to date of maturity.
V. 74, p. 578. In Dec. 1904 $501,000 equipment trust notes, secured on
1,000 coal cars, were sold. V. 79, p. 2644.
1£
-*d
GENERAL FINANCES. The stockholders In 1905 authorised a gen.
mtge. to secure $35,000,000 of 50-year 4% bonds, of which $15,000,000 Is
reserved to retire underlying bonds and $20,000,000 for future purposes. In
Aug. 1905 $8,000,000 notes, secured by $12,000,000 gen. 4s. were sold for
double-tracking and other Improvem'ts and equlpm't. V. 81, p. 669. 778.
LATEST EARNS.— 11 mos. ,"11905-06, Gross,$4,911 479; net, $1 ,466,770
July 1 to May 31.
828,066
J 1904-05, Gross, 4,119,598; net,
For 6 months ending Dec. 31 1905, net, $822,804, against $500,172 in
1904; charges, $700,202; bal., sur., $122,602.
REPORT. Report for the year ending June 30 1905 was in V. 82, p. 565.
In 1903-04, of 5,752,524 tons of freight carried, products of mines furnished
68.11 % (bituminous coal, 51.12%).
Year
Gross.
Net.
Oth.inc. Int., tax., &c. Bal., sur.
1904-05
$4,595,607
$956,471
$1 ,149,831df$193 ,360
1903-04
4,325,282 1,049,983 $70,198
63,654
1,056,527
OFFICERS.— Chairman of Board. Myron T. Herrlck, Cleveland: Pres..
F. A. Delano. St. Louis; V.-P., B. A. Worthlngton, New York; Sec. and
Treas.. H. B. Henson. New York.
DIRECTORS.— George.). Gould. Edwin Gould. Cyrus J. Lawrence. Winlow S. Pierce, Alvln W. Krech and W. E. Connor of New York: Joseph Ramsey Jr. of St. Louis; Myron T. Herrlck. George A. Garretson E.
Oirlebay.
H. P. Mcintosh. Robert Bllckensderfer. Dan. R. Hanna and William G.
Mather of Cleveland and C. M. Splfer of Toledo, O.— (V. 82, p. 103.)
WHITE & BLACK RIVER VALLEY RR. Brlnklev to Jnck«onport,
Ark.. 63 miles. Leased for 80 years from Julv 1 190" to the Choctaw Oklahoma & Gulf R'4 for guaranty of Inteiest, endorsed on bonds Stm-I au
thorl/ed, $1,875,(10(1 paid In. $323,000
Of the Jfiou.oon bonds outstanding. $100,000 have coupons cut off for the first ten years anil $20 .000 are
reserved for extension to Batesvllle.
(V 72. p 189)
WHITE PASS* YUKON R V .— Owns a narrow -gaufe line 1 10 miles In
lenirth, extending from Skaguay. Alaska. to.AVhlte Horse
(V. fill
p. 335;
V. 67 p. 1 162. 1 138); also operates steamers between White Horse and Dawson Cltv and Caribou and Atlln.
IncorporV. 73. p. 443; V 75. p. 1300.
ated under English Companies Act.
SECURITIES. Of the stork, £255,553 Is reserved to retire a like
amount of debentures. V. 72, p 582 V. 74. p. 479.
DIVIDENDS. First cash dividend of 5% paid Apr. 22 10(H and also
In Aue-ust a 25 % stock dividend, the two together representing the proots
of the lint three years to June *o 1901: Dee .1901.5%: In 1903 July 2 V, %:
In 1904. Jan., 2 V, %; July, 2H%; 1905, Jan., 1 H %; July, 2%: 1908
—
—
—
—
W
1
—
—
—
—
Jan..
3%:
July,
2%.
.
150
RAILWAY STOCKS AND BONDS.
|
Vol. lxxxiii.
July,
RAILWAY STOCKS AND BONDS.
1906.]
Miles
For explanation of column headings, &c,
on first page of tables.
see notes
of
pal.
Par
of
Road. Bonds.
Amount
Value.
Outstanding
%
——
&lbyLC
— M —
—
—
—
——
A&O..
M
M
M
M
—
}•
—
—
M
REPORT for year ending June 30 1905 was in V. 81, p. 1489, showing
net profit above interest on debentures and debenture stock, £63,256;
brought forward from last year, £33,040; total, £96,296; dividend (5%),
£68,750; bal., sur., £27,546.
Pres. of the local (subsidiary) companies, S. H. Graves, Macklnnon
Sec, F, C. Elliott. V. 81, p. 1489.
Bldg., Vancouver, B. C, Canada.
WICHITA FALLS RY.— Henrietta, Tex., to Wichita Falls, 18 miles.
Operated by Missouri Kansas & Texas Ry. under contract extending to
Jan. 1 1930, providing for division of rates. Stock, $20,000.
Year ending June 30 1904 gross, $59,837; net, $36,297; int. and sinking
fund, $16,240; divs., $20,057.— (V, 73, p. 1161; V. 71. p. 865.)
WICHITA VALLEY RR.— Owns from Byers to Seymour. Tex., 75
miles; extension from Seymour to Stamford, 60 miles, to be completed Sept.
In 1905 Colorado & Southern acquired control.
Interest scaled
1906.
Land and Income notes (6s), $123,617;
to 3
to July 1 1907, Inclusive.
notes (5s) $68,249. V. 67, p. 224; V. 76, p. 160.
Inc.
Gross, $47,913; net, $28,815
EARNINGS. 7 months] 1905..
Gross,
25.987; net,
7,914
Jan. 1 to July 31
J1904
Surplus over 7 mos. charges, $15,358 In 1905, against def. $5,543.
(V. 78. p. 1277; V. 81, p. 1243.)
WILKESBARRE & SCRANTON RY.— (See Map Central RR. of N. J.)
Owns from Scranton to Minooka Jet., Pa., 5 miles, of which 1H miles Is
double track. Leased from May 1 1888 to Lehigh Coal & Nav. Co. (which
holds all the stock) during corporate existence less one year, at $47,500
per annum and taxes.
Lease assigned to Central of N. J. at 6 % on cost
of road ($1,089,582) and taxes.
WILLIAM'S VALLEY RR.— Brookside to Lykens, Pa., 12 miles.
Stock authorized, $120,000; outstanding, $90,000: par of shares, $50.
The 5s of 1903 were to retire at once the $87,000 of 6s due Dec. 1 1911
For year ending June 30 1905, gross, $24,542: net, $5,354.
President
and General Manager, C. M. Kaufman, Tower City, Pa.
(V, 78, p.
—
%
,
—
—
1393.)
WILLIAMSPORT & NORTH BRANCH RR.— Hall's
and
bi\, 47 miles; leases Eagles
Mere RR., 10
to Satterfield, Pa.,
miles; total, 57 miles.
Stock (authorized, $2,000,000) common, $925,362; preferred, $400,000;
par $50. The 4 3^s of 1901 cover the road and 3,000 acres of coal lands in
Sullivan Co., Pa., $250,000 being reserved for extensions.
V. 72, p. 990,
1280.
Equipment
trusts
June 30 1905, $60,000.
EARNINGS. — 11 mos. ,11905-06.
July 1 to May 31.
J1904-05
Gross, $161,189; net, $48,676.
Gross, 154,807; net, 46,059.
Surplus over 11 mos. charges, $17,183 in 1905-06, against $15,005.
Pres., S. D. Townsend, Hughesville, Pa.; Sec. and Treas., H. C. Adams,
N. Y.— (V. 78, p. 2386.)
System.) —
WILMINGTON & NORTHERN RR
(See Maps Reading
Del., to Highs Jet,, Pa., 71 miles; branches, 17 miles:
owned, 88 miles; trackage to Reading, Pa,, etc.. 4 miles. General
mtge. bonds are reserved to retire 1st mtge. at maturity. The ReadingCo. owns practically the entire $1,500,000 capital stock, which is deposited
under its collateral trust mtge. The road is leased to the Phila. & Read.
Ry. for 999 years from Feb. 1 1900 for Interest on bonds and SH% dlv. on
Owns Wilmington,
total
stock, payable quarterly (Q.-F. 15).
V. 70, p. 127, 998; V. 71, p. 758.
The stockholders voted May 1 1905 to issue $240,000 general mtge. bonds for
extension, which were at last accounts in the treasury or unissued.
(V. 80,
p. 1858.)
—
WINONA BRIDGE RAI LW A Y.— Owns
bridge between Winona, Minn.,
opened Sept. 1 1891. Leased for 30 vears
& Qulncv and Green Bay & Western, the former,
It was reported In July
1903, acquiring about two-thirds and the latter
the balance of the $400,000 stock. V. 77, p. 252.
STOCK. $400,000; par, $100. Year ending June 30 1905, gross $25,035; net, $17,951; charges, $19,966; bal., def., 82,015.
V. 77, p. 252.)
and Buffalo, Wis., 1.03
miles;
to Chicago Burlington
—
WISCASSET WATF.RVILLE & FARMINGTON RR.— Wiscasset,
Me.,
to Albion. 42 miles (2-foot gauge); also partially constructed from Weeks
Mills west to Farmington, etc.. Me., about 50 miles, of which 15 miles to
\ Inslow are in operation.
On Oct. 7 1905 W. D. Paterson of Wiscasset,
Me., was appointed temporary receiver and authorized to Issue, i(
stated, :,oo receivers' certificates.
V. 81, p. 1176.
consolidation In
1901 (see V. 73, p. 392; V. 71, p. 603; V. 69, p. 233; V. 06, p. 185.
A
Stock
authorized, $1,000,000; outstanding June 30 1905
$243,900;
par, $100.
Bonds subject to call at 105, beginning 1911. Real e
Trust Co. of Philadelphia is mort. trustee.
For year ending June 30 L005
gross, $41,770; def. under oper. exp., $9,325
Pres., G. F. Farley.
(V. 73. p. 392. V. 81, p. 1176.)
WISCONSIN CENTRAL R AI
Y.— (See Map)— SYSTEM extends
from Chicago to Ashland, Wis
and Lake Superior iron a
St. Paul and Minneapolis.
By extension to Manitowoc and the car
across Lake Michigan, connects with the Pere Marquette and has a short
line to the East.
V. 63, p. 117. The system Includes:
Lines oicned.
Miles
Lines owned.
Miles.
Chic to Trout T 3rook Jet., Wis.. 452 Other branches
49
Abbottsford to Ashland, Wls__ 133 Trackage to Chic, Mln., etc
32
nch to Bessemer..
__
34 Rugby to Milwaukee, etc
28
Stevens Point to Portage City.. 71 Spurs to industries (65 miles
Neenab to Manltowoc(i4 jointly) 44
unoperated)
H',7
Marshfleld to Nekoosa
33
Grand total Unci, spurs operated 102 miles and unop. 65 m.)
. ..1.043
ion from Owen to Lady mlth, 45
miles, wa
eted Men.
6; extensions ti
11
thence to Superior and Dulutli, 112 m
LWA
,
I
—
—
ORGANIZATION.— Successor
July 1899 of Wisconsin
closed per plan V. 68, p. 725; V. 69. p. 29, 83, 133, 182.
Cent. Co., fore-
See V 70, p 433.
$17,500,000;
pref. 4% non-
—
STOCK. Stock authorized common.
cum., $12,500,000. Outstanding, common, $1C, 147.870;
par of shares, $100. After
% dUidcnds on both
.
pref.. Jl
I
,267,104,
been
paid in any year, both shall particle
iv in anv further dlvldi
for such year.
The preferred has the right to elect a majority of the
I
Where Payable, and by
Whom.
&
&
J
J
When Due.
Dividend.
J St Louis. Mo
Mercantile Trust Co,
1
J
NY
Jan
1
July
1
1925
1940
l
Dec
4«?M
M
—
—
—
When
Payable.
Rate
M
—
Bonds
Size, or
18 1895
$230,000
gold red at 105 sinking fd.SSt.c
$500
6g
Wichita Falls First
3 (5)
51 1890
769.000
1,000
Wichita Val 1st M int red to 3 % to July'07 g.Me c*&r
Wilkesbarre & Eastern See N Y Susquehanna & West
._
5
5
500,000
50
Wilkesbarre & Scranton Stock 5 % rental
500,000
5 1888
1,000
& NCo..
First mortgage gold guar p
12 1903
5
500
120,000
Williams Valley First mortgage $120,000 authorized
47 1901
530 000
1,000
$750,000 gold..FP.c*
Williamsport & Nor Br 1st
*H e
Wilmington Columbus & Augusta See Atlantic Coast Line Co. of South Ca rolina.
Willmar & Sioux Falls See Great Northern.
5
88 1887
500
354,000
Wilmington & Northern 1st M call in 1907 int guar.r
88 1892
406,000
1,000
5g
General M $1,000,000 gold p & i guar (end)..PeP.r
Wilmington & Weldon See Atlantic Coast Line RR.
1.03'
F
1890
1,000
384,000
5g
Winona Bridge First M gold s f redeem at 110
671 800
1901
100 &c
5g
Wlscas. Waterv & Farm First M $1,000 000 redeem
100 16,147,876
Central Ry Com stock auth $17,500,000
Wisconsin
100 11,267,104
Preferred stock 4% non-cumulative $12,500,000..
All" 1899
1,000 23,748,000
4g
First general mortgage gold ($27,000,000) ...Us.c*
500,000
1900
1.000
gold subject to call at 105 after 1910
iVi g
Minn Term
Us
428,000
33 1901
1,000
4g
Marsh & S E Dlv 1st M gold subj to call at 105..
401,175 Wi & 5
Car trusts due
5 g
355,000
Mp
1902
Equipment trusts gold due $60,000 yearly
4 g
1906
7,000,000
Sup & Dul Dlv &Term M $8,500,000 gold (see text)
c*
6
776,000
122 1885
1,000
gold assumed..
Chicago Wisconsin & Minn 1st
604,000
gold assum.c*
66 1882
1.000
6g
Milwaukee & Lake Win first mortgage
500 &c
656,000
416 1879
5g
Wisconsin Cent RR cons M 1st series gold ass'd.c&r
Mp
54 1895
1.000
951,000
gold $951 ,000
5g
Wisconsin & Michigan First
EC
1905
4g
1,000 See text.
General mortgage gold (see text)
5,796.000
Me.c*
1,000
271 1900
4g
Wise Minn & Pacific 1st M (see text) gold
100,000
5
1890
1.000
Pasc First
Int guar City of Woon.c
Woonsocket &
9
100
3,099,800 5*4 In '06
94
Worcester Nashua & Rochester Stock ($3,600,000)..
1,000
150,000
47 1905
4g
Worcester &} Worcester Nashua & Roch RR bds.c*
4
511,000
do
do
47 1893
1,000
do
Nashua 1st
735,000
4
1.000
do
do
47 1890
do
c*
of 79 se4
380 000
1.000
do
do
47 1895
all eqj
do
cures
432,000
1.000
22 1905
5g
Yellowstone Park First M $3,000,000 gold sinking fd
Yosemite Short Line Ry See Sierra Ry of California.
1,225.000
1906
1,000
5g
Yosemite Valley— First
$3,000,000 gold sink fund c*
—
— PrinciStocks — Last
INTEREST OR DIVIDENDS.
RAILROADS.
—
—
151
108 South 4th St, Phila Dec 31 1905 5
1
1938
1
1923
1 1931
do
& N
do
May
& ^ Tower City (Pa) Nat Bk Dec
& J Fidelity Trust Co, Phila July
J
J
&
J
Q—
IJ
Reading Terminal, Phila 1907 1927
do
do
Aug 1 1932
M &
&
S 209 Adams
1
J
J
1
J
A
& J
& J
& N
& u
3
rV,
J
11
M *.
M &
&
&
&
&
&
&
&
&
&
&
&
&
&
.1
J
J
F
A
A
J
J
J
J
A
J
J
%
St, Chicago
Sept
Real Estate Trust, Phila July
J
1940
1950
1 1951
New York
To Oct 13 1912
Malt land. Coppell
July 1 1907-1912
\
& Co
Mav 1 1936
Mar 1 1916
July 1 1912
Jan 1 1909
See text.
Jan 1 1945
New York
Feb 1 1955
Blair & Co, New York
Oct 1 1950
R I Hospital & Tr Co, Pro Oct 1 1910
Amer Loan & Tr Co, Bost July 2 '06 3 %
do
do
Jan 1 1935
do
do
Jan 1 1913
do
do
Jan 1 1930
do
do
Oct 1 1934
Farm Tr, Lancaster, Pa July 1 1945
J
Mec Trust Co. San Fr
J
N
S
.1
J
J
A
O
U
J
J
J
J
O
July
1915
1931
Jan
1
1
1
Jan
1
1
May
f
1936
%
directors in case of failure for two successive years to receive 4
per
Preponderating Interest held by syndicate has been pooled.
V. 81, p, 1316.
BONDS. The 1st gen. gold 4s of 1899 ($27,000,000 authorized) are secured by a mtge. upon all the lines of railway, terminals, equlpm't and other
property acquired thereby, and also by deposit of all securities owned
or acquired under the plan; in July 1905 $2,240,050 were reserved to
retire underlying bonds still outstanding.
Of the generals, up to July
1905 $892,000 were purchased In the open market and canceled.
75,
p. 734, 1204; V. 77, p. 1236.
The stockholders May 8 190 6 authorized a new bond issue to provide in
part for cost of extension from Owen to Duluth and Superior, about 160
miles, and terminals, of which $7,000,000, which were underwritten, were
offered to stockholders at 89 and interest; $1,500,000 being reserved for
extension and Improvement of terminals.
V. 82, p. 806, 930, 1103.
EARNINGS. For 11 months ending May 31:
Gross
11 mos.
Net
Oth. inc.
Interest etc. Bal., sur.
annum.
—
V
— —
1905-06...
$6,506,698
6,085,119
$2,330,492 $30,041
$1,652,611
$707 922
2,056,748
36,243
1,605,091
487,900
William Street.
(V. 82, p. 806, 930, 1103, 1214, 1324.)
REPORT. Report for year ending June 30 1905. at length, was in V.
81. p. 1237, 1263; see also edit. p. 1209.
Of the total freight traffic In
1900-01 (3,437,902 tons) 27.07% was Iron ore and 26.83% lumber and
forest products.
Iron ore contributed 9.67 % of the ton miles hauled
and 8.57 % of the freight earnings. Average rate per ton mile In 1904-05,
6.66 mills, against 9.71 mills in 1893-4.
1904-05
1903-04
1902-03
1901-02
Gross earnings
$6,650,883 $6,466,176 $6,651,862 $6,041,470
Operating expenses
4,374,336 4,342,439 4,205,993 3,883.374
1904-05
——
Net earnings
Total net income
$2,276,547 $2,123,737 $2,445,869 $2,158,096
$2,319,384 $2,174,933 $2,484,299 $2,195,173
1,763,541
1,750,686
1,760,227
1,715,068
Fixed char., taxes, etc
mos
$555,843
$424,247
724,072
$480,105
DIRECTORS. John Crosby Brown, William L. Bull, James C Colgate.
Fred. T. Gates, Gerald L. Hoyt, W. A. Bradford Jr.. Newman Erb and
Geo. M. dimming. New York; Henry F. Whitcomb and Howard Morris
of Milwaukee: William F. Vilas, Madison, Wis.
OFFICERS.— Chairman of the Board. Wm. L. Bull; Pres., Henry F.
Whitcomb, Milwaukee; Comptroller and Auditor, Robert Toombs. Milwaukee: Treas., William R. Hancock, Milwaukee; Sec. Chas. M. Morris,
Milwaukee; Asst. Sec. Joseph S. Dale. New York. N. Y. office, 52
William Street.
(V. 82, p. 806, 930, 1103, 1214, 1324.)
WISCONSIN & MICHIGAN RY.— Owns from Qulnnesec, Mich., to Peshtlgo, Wis. 73 miles; trackage, 8 m.
In May 1904 logging railway Pembine.
Wis., westerly 42 m., was purchased.
V. 78, p. 2013.
From Peshtigo cars
are taken by Lake Michigan Car Ferry Transportation Co. to Chicago.
In
July 1905 contracts were let for extension from Iron Mountain to Superior
and Norway. Stock, $951,500, authorized June 1905, to be Increased to
$5,000,000; par value, $100; current liabilities June 30 1903, $1,440,229.
Last coupon on 1st mtge. bonds paid was that maturing July 1 1898. Of
the general 4s $1,800,000 were issuable at once, $2,500,000 for equipment
after July 1 1904. $1,200,000 are reserved to retire the outstanding 1st 5s,
and $20,000 are Issuable per mile of single track above 80 miles owned
July 1 1904. with $10,000 per mile of 2d main track. V. 81, p. 842. Pres.,
(V. 81, p. 560, 842.)
J. P. Hopkins, Chicago.
WISCONSIN MINNESOTA & PACIFIC RR.— (See Map Chicago Great
Red Wing, Minn., to Mankato. 95.7 miles; Red Wing to
Western.)
Osage, la., 118.2 m.; branch to Clay Banks, 2.9 m.: Winona to Simpson,
Minn., 54.2 m.; total, 271 miles. Stock, $5,893,400: all owned by the
Chicago Great Western Ry., which company operates the road as a part
of its system under an agreement dated Apr. 1 1901, running for 100 years,
providing that all net earnings above Interest on bonds shall go to the
Great Western; accounts kept separately. V. 73. p. 566
REPORT. For the year ending- June 30 1905 (271 average miles).
In V. 81, p. 900, shows: Gross, 5075,418; net, $282,212; interest, $104,520; bal., sur., $117,692.
(V. 73, p. 844: V. 80, p. 185S; V. 81, p. 213.)
Sur. for the 12
—
—
,
—
—
—
—
WORCESTER NASHUA & ROCHESTER RR.— Owns
from Worcester
via Nashua to Rochester, 94 miles.
Leased for 50 vcais from Jan.
1880 to the Boston & Maine: rental, $250,000 and taxes.
V. 81, p. 1794.
DIV'DS.
1
'87 93 '94-. 97 '98. '99. "00. '01. '02. "03. "04
*05. 1906
5*4
4
5
5*4
4 J4 5%
5*4
J6 yrly. 5 yrly. 5J44H
WRIGHTSV1LLE & TENNILLE RR.— Tennille, Ga.. to Hawklnsvllle,
76 miles.
V. 69, p. 189.
In July 1900 !,e Dublin & Southwestern, Dublin
latman, Ga., 31 miles, was acquired.
V. 83, p. 39. Stock, common.
$230,000; pref., $70,000; par, 525.
Central of Georgia owns all pref. and
1
Percent.
1
$104,300 common.
Dividends long
to 7% yearly; 1904, Jan. 1, 4%; June 30, 3%; 1905,
June, 6% Unci. 3% extra); 1006, Jan., 6% Unci. 3 extra): Julv, 5% Unci.
For year to June 30 1905, gross, $186,225; net, $72,350.
extra).
2
In
1903-04, gross. $107, ")S7; net, $42,802- other Inc., $7,.;
and Improvts.', $10,590; dlv., $21,000; bal., $18,088.
Pres., A. F. Daly, Tennille,
Ga. V. 77, p. 6
YELLOWSTONE PARK
Under construction In Nov. 1905 from
Brldger, Mont., to Cook city, with branches, a total of 125 miles, of v
22 miles from Brldger to the Bear Creek coal fields were graded.
Stock
authorized, common. $2. 250,000; preferred, 6% cum., $750,000;
of shares, $50.
Outstanding, common, $324,000; pn
Of the bonds $432,000 were Issued on 22 miles, the balance being Issuable
at $24,000 per mile.
V. 81. p. 1404. Pres., Frank A. Hall Sec. and
Treas., George J. Atkins.
(V. 81, p. 1494.)
YOSEMITE SHORT LINE RY.— Sec Sierra Ry., Cal.
YOSEMITE VALLEY RR —Under construction from Merced, Cal.. to
the Yosemite National Park, 82 miles.
outstanding;
Stock. 1
.
—
RR—
—
oar, $100.
Oi
iiithorlzed
I
Mills
Bldg.. San Francisco, Cal.
p.
511,
9
dins
11.
Kills.
Ollice,
152
RAILWAY STOCKS AND BONDS.
[Vol. lxxxiit.
INDUSTRIAL AND MISCELLANEOUS COMPANIES,
INTEREST OR DIVIDENDS.
MISCELLANEO US.
Date
For explanation
column headings,
of
first
page of
Par
Amount
Value.
Outstanding
on
tables.
—
—
—
Adams Express
notes
see
of
Bonds
&c,
Size, or
—
Stock 120,000 sh. par not fixed, treated as
Me 1898
Collateral trust mortgage, gold
Common stock, $25,000,000
cum (as to assets & dlv) $25,000,000, text
Pref, 7
cum
Bullock Elec Mfg, pref stk (also as to assets) 6
1906
First
$15,000,000 gold sink fund redeem at 110 1916
Consol Coal & Iron Common stock, $2,500,000
Alabama
cum.
Pref. stock,
SSt 1901
1st mtge, red after May 1906 at 105, s f.
Consol collateral M, $3,500,000, gold
.
1904
Allis-Chalmers
%
,
M
—
Amalgamated Copper Stock, $155,000,000
American Agricul Chemical Co Stock com, $20,000.000
Pref 6 % cum (as to assets and div) $20 ,000 ,000
-Notes, $2,500,000, redeemable 101H
American Bank Note See United Bank Note Corporation
American Beet Sugar— Common stock. $15,000,000
Pref stock, 6 %, also assets, non-cumulative, $5,000,000
r
Certs of Indebtedness, $3,000,000, red at par Feb 1908
American Brake Shoe & Foundry Com stock, $3,000 000 au
—
Preferred stock, 7 % cumulative, $3,000,000
First mtge, gold,
red, text
American Can — Common stock
Pief stock, 7 %, cumulative
American Car & Foundry — Common stock, $30,000,000
Pref stock, 7%, also assets, non-cum, $30,000,000
American Cement
— Stock,
100
100
1,000
100
100
100
100
10
1902
G
G
association
formed
in
,
—
—
ALABAMA CONSOLIDATED COAL & IRON CO.— ORGANIZATION.
— Incorporated and Gadsden, Ala. V.Acquired391, 694. coal Feb. 1905
N.
July 18 1899.
iron and
properties
near Birmingham
In
in
J.
82, p.
the International Power Co. acquired control. V. 80, p. 653.
DIVIDENDS. Dlv. on common, 1 %, paid Oct. 1903; none since.
On pref. Feb. 1900 to Nov. 1900, 1 K % quar.; March 1901, to June 1906,
IK % quar. (Q.-M.)
Of the consol. collat. 5s of 1904 $1,500,000 has been Issued in exchange
for $1,250,000 preferred stock and working capital, per plan V. 79, p.
105.
$1,250,000 has been canceled, $490,000 Is reserved to take up old 6s.
EARNINGS. For 5 months ending April 1 1906 earnings were $218,549.
V. 82, p. 1103.
REPORT. Report for year ending Oct. 31 1905 in "Chronicle," Jan.
27, showed: Gross, $3,555,644; net, $559,461; charges, $147,984; div.
on pref. (7%), $87,500; bal., sur., $323,977.
OFFICERS.— Pres., T. G. Bush; Vice-Pres.. J. H. Hoadley; Sec, and
Treas., W. M. Hoagland.
Office, Birmingham, Ala.; N. Y. office, 74
Broadway. (V. 80, p. 1172, 2400; V. 82, p. 50, 391, 694, 1103.)
ALBEMARLE & CHES. CANAL. Owns canal between Chesapeake
Bay and Albemarle Sound, 14 miles. Stock is $558,200 ($100 shares).
Dividends In 1893-96 each Hi % yearly; In 1897, none; in Feb. 1898,
1H%; none since. Bonds, $500,000 1st M. 4s (formerly 7s), due July
1909.
Non-cum. income 3 % debentures (Central Trust Co., N. Y., trustee)'
$115,000 due July 1 1909, issued per plan V. 77, p. 351, for the funded
portion of Interest on 1st mtge. bonds to date of maturity, and July 1902,
coupon, canceled. (V. 77. p. 351.) See report, V. 74, p. 92; V. 72, p.
1035.
In 1903-04, gross, $32,544; net, $19,412.
Pres., Warren G. Elliott.
Office, Norfolk, Va.
V. 77, p. 351.)
ALLIS-CHALMERS CO.— ORGANIZATION.— Incorporated in N. J.
on May 7 1901 to manufacture heavy engines, mining and other machinery,
combining Edward P. Allis Co. and Frazer & Chalmers. V. 72, p. 874,
In July 1906 extensive additions to Milwaukee plant were ap937, 990.
proaching completion. V. 80, p. 1858; V. 81, p. 266: V. 82, p. 1440; official statement, V. 83, p. 90.
Stock, &c, V. 74, p. 1144.
In 1904 entered upon the electrical, turbine and gas engine field, owning
common stock of Bullock Electrical Mfg. Co., the pref. stock of the latter
($1,500,000 authorized) being guaranteed 6% dividends, payable quarterly
beginning Jan. 1906. V. 78, p. 1111, 2439; V. 80, p. 713; V. 81, p. 839,
1101; V. 81, p. 1494, 1792; V. 82, p. 1440.
Litigation, V. 82, p. 453.
PREF. DIVS. July 1901 to Feb. 1904 7% yearly; none since.
STOCK, ETC.— Preferred entitled to 7 % cumulative dividends and
a further preference of 1 % non-cum. after 7 % on common, into which
it is convertible, $ for $, on May 1 till 1921; no bonds.
BONDS. Of the new bonds ($15,000,000 auth.) stockholders of July 26
are given the right to Aug. 15 1906 to subscribe for $12,000,000 pro rata at
80 to pay in part for additions to the Milwaukee plant, the Bullock Electrical
Works and to provide additional working capital. The bonds have been
underwritten. See V. 82, p. 1440, 1498 and official statement, V. 83, p.
—
—
—
—
—
—
—
—
,
90, 157.
REPORT. — Fiscal
year changed so as to end June 30.
Report for the
months ending June 30 1905 was given in V. 81, p. 839, showing:
Net profits over maintenance and depreciation ($1,077,999), $68,982.
Directors: E. D. Adams, Edmund C. Converse, Mark T. Cox. Joseph S.
Neave, Edwin Reynolds, Wm. W. AUIs. Wm. J. Chalmers, Elbert H.
14
Gary,
Wm.
A. Read, Cornelius Vanderbllt, Charles Allis, George Bullock,
James H. Eckels, Max Pam and James Stlllman. Chairman of Ex. Com..
E. D. Adams.
Chairman of Board, E. H. Garv; Pres., Walter H. Whiteside; Treas., Henry Woodland; Vice- Pres. and
troller, James A. Milne.
Office, 71 B'way. N.
Sec, W. W. Nichols; CompY. (V. 82, p. 1498; V. 83,
—
AMALGAMATED COPPER CO.— ORGANIZATION. ETC.— Incorpor-
ated on April 27 1899 In
Majority stock acquired
New
—
Jersey, and purchased control as follows:
Capital
Par
-Dividends ( %)
stock.
val.
'99
'00
'01 '02 '03
'04
'05
Anac.Cop.M.(V.78, p.2013).$30.000,000 $25 13 16 13 4 4
8
4
Bos & Mont. Con. Cop. &SU.M. 3.750,000 25 144 172 140 24 32 256 160
Butte & Boston Con. Mln
2,000,000
10 ...
50
10 (?)
Parrot Silver & Copper Co
2,298,500
10
39
20
60
35 5 ..
10
Hennessy Mercantile Co
1,500,000 (?)
(?)
(?)
(?)
(?)
(?) (?) (?)
Also acquired all the following stocks: Washoe Copper Co., $5,000,000;
Colorado Smelting & Mining Co., $2,500,000; Dlamondvllle Coal & Coke
Co.. $1,500,000; Big Black Foot Milling Co., $700,000; and controls timber
lands, coal mines, railways, real estate, etc., having estimated value of
$.)0,000,000 over all liabilities.
(Compare official statement.) V. 72, p.
1281; V. 80, p. 2394
STOCK Increased June
1901 from $75,000,000 to $155,000,000, to
purchase Boston <fe Montana and Butte & Boston; V. 72, p. 1082; balance unissued reserved to acquire remaining shares. In Feb. 1906 the
eadlng mines of the United Copper Co. were acquired by Amalgamated
Interests and associates, the litigation between the rival Interests being
SeU
2 P 3 '"'-' 57 °'
As t0 Unlted Metals Selling Co., see V. 76,
332 v «l
I
BONDS. Only bonds are Bos. & Mont. 7s, $200,000. due $100,000
Nov. 1, yearly to 1907, and Butte & Hos. 0s, $1,500,000. due April 1
V. 72. p. 1281. See V. 71, p. 545. See V. 72. p. 777.
1917.
'
:
'
—
DIVIDENDS
'99.
-,»—,; 2
t
In ?§a«—S"C" 1%; May, 1%;
190a, Feb..
'00.
'01.
'03-04.
'02.
'05.
8
7H
2H 2 (Q.F) See below
Aug., 1 K
Nov., 1 K %: In 1906.
\4%; May and Ainr., ',";, and !f % extra. V. 82. p. 930.
Report for year ending April 30 1006 was in v. 82, p. 1320. showing net
Income, (9,161,537; dividends (:>',"„). $8,848,554; bal., sur.. $312,983.
Report of Anaconda Co. for calendar vcar 1905 was in V 82, p
EARNINGS Of const it. cos. year ending June 1906, V. 82 p. 153.
OFFICERS.—Pres., Henry n. Rogers; Sec. and Treas., A. 1373,1494.
if. Melln.
Directors: H. H. Rogers. Wm. Rockefeller, George II. Church, A. It. Flow(
Feb.,
1
%
1
1
.
1
,
71
Broadway,
NY
Feb
4%
1
'06,
1
1948
'04,1
1
M%
July 1'06, 1M
July 1 1936
Oct 1903, 1
Junel '06,1 K
May 1 1911
May 1 1933
Aug27'06
Apr
Mch
Q
M &
3%
1908
1
'06,
1H %
1910
1
'06,
'06,
1
%
1% %
1
!
%
%
%
IK %
2 '06,
(Checks mailed
— J SJ32 Nassau St., Y
July 2
Mch
N
IChecks mailed
July 2
Q—
do
July2
M & S Farmers' L & Tr Co, N Y Mch
41,233,300
Q — J Checks mailed
41,233,300 5 in 1905
jjuly2
Q — J Guaranty Trust Co, Y May
,000, 000; See text.
100;
_
5 ,000 ,000
6
4,000,000,
6
3,000,000j
1,500,000 4 In 1905
3,000.000 7 in 1905
924,000!
5 g
&c
1854 but not incorporated, operating on about 35,000 miles of railroad.
Including Penn., C. B. & Q. Ches. & Ohio, N. Y. N. H. & H., etc.
BONDS. 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 % bonds. These
last were then distributed as a 100 % dividend.
V. 66, p. 470.
DIVIDENDS. Long 8% yearly, but reduced in 1898, on payment
of 100 % div. in bonds, to 4 %; in Dec. 1900, to June 1906, 8 % yearly, and
Mar. 1903 to 1906, Incl., 2% extra each from sale of certain real estate.
(V. 76, p. 436; V. 77, p. 90; V. 78, p. 704; V. 82, p. 102: V. 83, p. 40.)
—
1
100,
$2,000,000
ADAMS EXPRESS. — ORGANIZATION. — An
Q—
Q—
June
N Y Men
Q—
I
s f,
59 Broadway, N Y
Mercantile Trust Co,
Q—
1,000
When Due.
Dividend.
j
1905
F
and by
Whom.
Payable.
]
,
1905
Where Payable,
5 g
J
& J
2,500,000 See text. See text.
100
100
1,250,000 7 In 1905
6
M & N St Louis Union Tr, St L
1,000
461, 000
5 g
M & N Intern Trust Co. Bait
1,000
1,760,000
Checks mailed
100153,888,000 See text.
100 17,215,600
Office, 26 B'way, N Y
100 18,153,000 6 in 1905 A
IM
2,500,000!
5,000
4)4
—
—
|
6
1,170,000,
See text
—
7%
%
— PrinciStocks — Last
Bonds
pal,
When
$100 $12,000,000 See text.
4 g
500 &c 12,000,000!
100 19,820,000|
100 16,150,000 See text.
%
,
Rate
1952
!
N
30
30,000,000
7
See text.
do
2,000,000 6 In 1906 J
& J .Checks mailed
er, H.
Office,
K%
%
IK %
'06, 1
2 '04, Y.
July2 '06,
July 21 '06,
do
3%
H. Rogers Jr., Robert Bacon, Jas. Stillman and A. C. Burrage.
42 B'way, N. Y.
(V. 82, p. 1373, 1394, 1498.)
—
AMERICAN AGRICULTURAL CHEMICAL CO.— ORGANIZATION.—
Incorporated In May 1899, in Connecticut, under special charter, and
acquired control of fertilizer companies (Including Listers' of Newark)
named In V. 68, p. 974, and V. 72, p. 672; V. 73, p. 664; V. 75, p. 241,
292, 440; V. 76, p. 867; V. 77, p. 399.
See V. 71, p. 545. In 1905 sold
$2,500,000 4)4% notes.
V. 80, p. 653. They must be retired before
any mtge. is made on property as owned March 1 1905.
DIVIDENDS on pref. to April 1906, 6% yearly (A. & O.).
REPORT. Report for year ending June 30 1905, in V. 81, p. 724,
showed: Total net income, $2,306,462; improvements, betterments,
etc., $671,274; div. on pref., 6%, $1,079,537; balance, $555,651.
Directors:
John F. Gibbons (Pres.), Peter P. Bradley (1st V. P.).
Wm. H. Grafflin (2nd V. P.), Albert French (3rd V. P.), Thos. A. Doe
(Treas.), Robt. S. Bradley, Geo. C. Bingham, Wm. H. Burtenshaw,
Samuel Carr, W. C. Noyes, James M. Gifford, J. F. Kehoe, Cord Meyer,
Wm. Prescott, H. S. Zell, Marcellus E. Wheeler, Geo. Beck, H. C. McComas,
D. Crawford Clark and L. B. Curtis. N. Y. office, 26 Broadway. (V.
80, p. 653, 873; V. 81, p. 724, 976.)
AMERICAN BANK NOTE. See UNITED BANK NOTE CORP.
AMERICAN BEET SUGAR CO.— Incorporated on March 24 1899.
Dividends paid from Oct. 1899 to July 1906, both inclusive, 6% yearly
See prospectus in V. 68, p. 280, 616; "Beet Sugar" item,
(\)4 % Q.-J-)
V. 69, p. 1249. Certificates of indebtedness, V. 82, p. 570, 1099. Report
for year ending March 31 1906, in V. 82, p. 1099, showed: Total income,
$4,369,814; profit from operation, $1,422,010; cost of maintenance, $513,848; profit of campaign, $908,162: expenses and interest, $355,004; div.
on pref. (6%). $240,000; improvements, $88,418; bal., sur., $224,740Pres., Robert Oxnard; Treas., J. E. Tucker, 32 Nassau St., N. Y.
(V. 80,
p. 1911; V. 82, p. 570, 1099.
—
—
—
—
AMERICAN BRAKE SHOE & FOUNDRY
CO.
— ORGANIZATION.
Incorporated in New Jersey on Jan. 28 1902. A consolidation of various
companies. See list V. 74, p. 579; V. 79, p. 2087. Manufactures about
150,000 tons of brake shoes used on steam and electric cars and steel castings.
Extensions and improvements proposed in 1906. V. 82, p. 453.
DIVIDENDS. On pref. in full to July 1906, inclusive (Q.-J.). On
common, in 1903, Jan., 1%; July, 1%; Oct., 1904, 1%; in 1905, 4%
(Q.-J.); 1906, 3% (incl. July.)
BONDS. Bonds may be drawn for a yearly sinking fund of $20,000
payable June 1, beginning 1903, during 1st ten years at 110, 2nd ten years
at 105, thereafter at par.
V. 76, p. 655.
OFFICERS. Pres., Otis H. Cutler; 1st Vice-Pres., Joseph D. Gallagher;
2nd Vice-Pres., Joseph B. Terbell; Sec. and Treas., Henry C. Knox. Office,
170 Broadway, New York.
(V. 82, p. 453.)
AMERICAN CAN CO.— ORGANIZATION.— Incorporated In New
Jersey on March 19 1901 as a consolidation of about 100 concerns.
See
V. 72, p. 582. In 1903 operated 31 can factories, one or two machine
shops and two detinnlng plants. V. 76, p. 969. New plants Jan. 1906,
V. 81, p. 669; V. 82, p. 162.
DIVIDENDS.— On pref., 2)4% Sept. 1903; 1904. 5% (A. & O.);
since to July 1906, Incl., 5% yearly (Q.-J.).
Fiscal year now ends Dec. 31.
Report for 9 mos. ending Dec. 31 1905
in V. 82, p. 332, showed net, $2,311,417; div. on pref. CA'K %) $1,546,249;
bal.. sur.. $765,168.
Directors.
D. G. Reid (Chairman) W. T. Graham (Pres.), F. S. Wheeler
(Treas.) R. H. Ismon (Sec. and Asst. Treas.) W. H. Moore, W. B. Leeds.
Geo. G. McMurtry, W. F. Dutton, R. L. Skofleld, Jas. MacLean, O. H.
Bogue. H. W. Phelps, J. H. Moore, F. Rudolph and Geo. T. Boggs. (V.
82, p. 162, 332, 336.)
—
—
—
—
,
—
,
.
,
AMERICAN CAR & FOUNDRY.— ORGANIZATION, ETC.— Incor-
In New Jersey on Feb. 20 1899, as a consolidation.
Manufactures freight and passenger cars of wood and steel.
V. 68, p. 280, 377,
1029; V. 71, p. 86. 545; V. 73, p. 958; V. 82, p. 694.
porated
DIVIDENDS on com'00.
'01-02.
mon
2 yearly
) 1%
On pref.. IK % quar. to May 1905, Inclusive;
1
"03.
4
%
1904
None
Feb.H: May.^slnce
In July, 1 1-6%, for 2 mos.,
1906, incl., 1 \,"„ quarterly.
In V. 82, p. 1494, showing net
owing to change of period; Oct. 1905 to July
Report for year ending April 30 1906 was
earnings, $3,807,660; dividends on preferred stock
%
1-6%), $2,450,000,
(8
llncludlng 1 1-0
paid July 1 1905 to make dividend periods conform to
fiscal year: surplus, $1 ,357,660.
Directors
W. K. Blxby, Frederick H. Eaton (President), W. J. McRride (1st V.-P.), E. F. Carey (2nd V.-P.), S. S. Delano (Treas.), \d..i
plius Busch, T. H. West, J. M. Bulc-k, Geo. H. Russell. W. (J. Oakmau.
11. R. Duval, J. B. Haggin, W. II. Woodin, Gerald L. Hoyt. W. M. Hager,
C. R. Woodin and W. N. McMillan.
N. Y., 25 Broad St.
(V. 83, p. 97.)
AMERICAN CEMENT.— consolidation In 1899; incorp. In N. J.
Prospectus. V. 69, p. 1249.
Controls Reliance Portland Cement Co.,
having $500,000 common and $300,000
pref. stock and $600,000 first
mtge.
20-year s. f. bonds. Int. on bonds, sink, fund ($15,000 yearly)
and dividends on pref. guaranteed. V. 80. p. 2221; V. 81, p. 181.
Dividends 1900 to 1903, both Incl.,
yearly (2 extra); 1904,
1905 and 1906, 6% yearly (J. & J.). Report for 1906, V. 82,
(1 extra);
626.
Bonds, $792,000 1st mtge. and coll. tr. gold 5s. due Oct. 1 1914.
p.
8. f. $30,000 yearly; Int. A. & O. at Glrard Trust Co., Philadelphia, trustee.
Pres., Robt. W. LeM^: Treas., Frederick J. Jiggens, 42 So. 15th St.,
Phlla. Seaboard CemenTCo., see V. 77. p. 252. 2392.
V. 82, p. 626.)
AMERICAN CHICLE CO.— ORGANIZATION.— Incorp. In N. J. on
June 2 1899, and consolidated the leading chewing gum interests. V. 68,
p. 871, 1130; V. 77, p. 197; V. 83. p. 152.
Dlv.: On
Sec V. 71, p. 545.
pref., Oct. 1899 to July 1906, 1!^% quar. (6% per annum).
Common,
Oct. 1899; 1900, 9%; 1901, 8%: 1902, Jan., 2".,; April 1902 to
Aug. 1906, both Incl., 1% monthlv and In May and Julj 1906 1% extra.
Statement for year ending June 30 1906 was in V. 83, p. 152, showing:
Profits, (1,404,000, against $1 ,224,000 In 190 05; dlv. on pref. stock (6
$180,000; dlv. on common stock (13%), $780,000; bal., sur., $444,000.
arcumulated surplus was about $1,759,000. Pres.. W. J. White.
'., Fulton and
Cleveland; Sec. and Treas., II. Rowley,
ml
William Sts, \. 5T.
10; V. S3, p. 152.)
(V. 79, p. 271; V. 81 p. 2«i
—
—
A
7%
6%
7%
8%
—
1«%
.
I
i
—
,
I
1
IMERIC \N CIGAR CO.— Controlled by American Tobacco Co., which
guarantees the 4% gold notes; see V. 74, p. 1113; V. 78. p. 1393. Common stock. $10,000,000, all Issued: prof. 6% cum.. $10,000,000. was
V. 81 p. 1725.
Properties owned. Including Havana
\merlcan Co. V. 72, p. 185, 284. 937, L087; V. 73, p. 958; V. 75. p.
Report for calendar year 1905, V. 82, p. 566. showed: net earn-
Issued In Dec. 1905.
1255.
,
INDUSTRIAL STOCKS AND BONDS.
154
MISCELLAXEO VS.
IXTEREST OR DIVIDEXDS.
Date
For explanation
first
page of
see
notes
of
Par
Amount
Rate
Value.
Outstanding
%
on
tables.
— Stock, common, $6,000,000.
—cumulative, 53,000,000
—
,
NY
—
M,
Fire Prot 1st
gold, lnt
&
guar, red par
s f
—
,
American District Telegraph of N Y Stock, $4,000,000
American Express Stock
American Graphophone Co Common stk. $7,500,000 auth-.
Pref stock, 7% non-cum, $2,500,000 ...
—
1905
j
—
Debentures, convertible Into preferred stock
Coupon notes, convertible into pref stock, redeemable 105
American Crass Twine Stock
American Hide & Leather Common stock, $17,500,000
Pref, also assets. 7% cum, $17,500,000 (V 76, p. 104)
Col.c'
1899
1st M, $10,000,000, g, s f, subject to call at 115
American Ice Securities Stock, all of one class, $20,000,000,
1905
Debentures, $3,000,000, redeemable at par
American Ice Co collateral trust bonds, gold ($5,000,000)Ce 1902
——
—
—
%
Traction — Common stock, $15,000,000..
cumulative, $25,000,000 authorized.
Common Stock
Steel Mfg
Preferred stock, 5
cumulative
American Iron &
American Light &
Preferred stock, 6
%
and charges, $1,032,857. Pres., J. B. Cobb; Sec.,
Broadway, N. Y.— (V. 82, p. 566.)
COAL. Mines at Barton and Lonaconing, Md. Incor-
lngs over expenses
W.
Office, 111
Luckett.
S.
—
AMERICAN
In Maryland;
DIVIDEXDS
New Jersey. V. 80, p. 118
1901 to March, 06.
8
8
9
10
9
10 yearly (M.&S.)
(%)
6H
J
For year ending Dec. 31 1905 net, $230,066; dividends (10 %) $150,000.
(V. 80. p. 653.)
Office, No. 1 Broadway.
AM. COTTON CO. July 1904, Sec; V. 80, p. 1973; V. 81, p. 509.
COTTON OIL.— Incorp. Oct. 14 1889, in N. J. to succeed
Amer. Cotton Oil Trust. Has works in Southern cities, etc., for making
refined cotton oil, lard, soap, fertilizers, etc: V. 77, p. 1872.
crude and
re-Incorporated in 1903 in
porated
'94. '95. '96. '97. '98. '99. '00.
1
7
—
—
,
AMERICAN
DIVIDEXDS.
'98.
'99.
'00.
'01.
'02.
'03.
'05.
'04.
4
2
x6
x4 Dec.,1 Dec.,1
314
%
\ 3
Preferred, %
6p. c. yearly to date. (Pool expired July 22 1905.)
following June.
x Includes 2 p. c. paid in the
REPORT — Report for 1904-05 at length in V. 81, p. 1490, 1498,
Common,
J
showed
profits $1,180,382 after
meeting expen. of administration, interest,
on deb. bonds, $165,000; balance, net Income, $1,015,382;
dividends on pref. (6%), $611,916; div. on common (1%), $202,371:
etc.;
int.
Proiits;
bal., surplus for year. $201,095, against $30,584 in 1903-04.
year 1902-03. $1,665,081; '03-04, $979,835; '04-05, $1,180,382.
OFFICERS. Chairman of Board, Geo. A. Morrison: Pres., Robert
F. Munro; Sec. and Treas., Justus E. Ralph, 27-29 Beaver St., N. Y.
(V. 81. p. 1490, 1498. 1667.)
Transfer agts., Winslow, Lanier & Co.
—
—
AMERICAN DISTRICT TELEGRAPH CO. OF NEW JERSEY.—
ORGAXIZATIOX. — Incorporated in New Jersey in Nov. 1901; operates
most of the large cities and towns In the U. S. except New York City.
Has 25-year contract with the Western Union Telegraph Co. for collection
and delivery of messages and is also engaged in all kinds of electrical proIn
V. 77, p. 148; V. 81, p. 213. Dividends in 1903, Apr.,
tective service.
yearly, Q.-J.
See V. 78,
Julvand Oct.. 1
each; since to July 1906,
X. Y. Fire Prot'g Co. guar, bonds. V. 81, p. 778.
p. 704.
Renbrt for year ending Dec. 31 1905 In V. 82, p. 1435, showing, gross
earnings, $2.5:54,697; net, $691,818; dividends (4%), $390,049; bal., sur.,
Pres., Robert C. Clowry; Act. Sec, I. B. Ferguson; Treas.,
$301,769.
M. T. Wilbur.— (V. 81, p. 213, 77S; V. 82, p. 394, 1435.
M%
4%
AMERICAN DISTRICT TELEGRAPH
CO. OF
NEW YORK.— Annual
report for Year ending Dec. 31 1905 was In V. 82, p. 1435, showing, gross,
$593,694; net, $95,374; div. (2%), $76,888; sur., $18,486.
DIVID'S.— \ '93. '94. '95. '96. '97. '98. '99. '00. '01. '02 to '05. 1906
2
2
2 yearly May.l
1
3
1
2)4 2^4, 2y
) 3H
(%)
2
Office. 6 Dey St., N. Y. City.— (V. 80, p. 1173; V. 82, p. 220, 1435.)
AMERICAN EXPRESS. — An
"Association" formed under the laws
Not an incorporated company.
State in 1859 and 1868.
Operated in July 1905 on about 43,000 miles of railroad in the United
States, including Boston & Maine, nearly all the Vanderbilt lines, Illinois
Dividends, 6% per an. since 1882; from July 1901 to July
Cent., &c.
V. 73, p.
extra was paid semi-annually from Investments.
1906, 1
Pres., J. C. Fargo; Treas., James F. Fargo, 65 Broadway.
1063.
V. 77. p. 2036; V. 79, p. 153; V. 82, p. 630.)
of
Xew York
%
AMERICAN GRAPHOPHONE CO.— ORGANIZATION.— Incorporated
Owns the Columbia Phonograph Companies,
V. 70, p. 790.
Also owns The Burt Co. V. 81,
Principal factory, Bridgeport, Conn.: also has plants In England
p. 669.
History of co. May
1893 to Sept. 30 1899, V. 70, p. 790.
and France
STOCK, &c In Jan. 1906 authorized stock was increased from $.">,000,000 to $10, 000. ciio. of which 57.500,000 common and $2,500,000 pref.
Par value was changed from $lo to $100. Pref. stock is 7% non-cum.
After 7% is paid on both storks, the two classes share ratably. Mortgage on factory real estate, $100,000
'96. '97. '98. '99. '00. '01. '02. '03. '04. '05.
1906.
DS.
7 'i
7
7
7
8
Preferred _%}
7% 7 7 7 7 Tncl. Aug, 5}tf
r>%
3
7
3
4
Incl. J'ue, 2 >-i
Commoi
7% 8
For year ending Sept. 30 1905, In V. 82, p. 98, showed: Net
REPOR1
income, $803,643, against $729,925 In 1903-04; Interest, $59,179; maintenance, $6 1,266; current depreciation, $50,649; div. on pref. (7%) $117,210;
div. on
1%), $54,007; reserved for depreciation, &<•.. $160,1
urplus, $298,272.
01
ICERS.- President, Edward D. Easton; Vice-Presidents, Win. 10.
Bond. Ceo. W. I.\ le; Sec. and AssM Treas., E. <>. Rockwood; Treasurer,
Cox.
Office, 90
ay, N. v. -(V. 82, p. 102, 282.)
AMERICAN GRASS TWINE CO.— ORGANIZATION.— Incorporated
Delaware on June 8 8:1!). Official statement showing properties owned,
In
V. 73, p. 1262; V. 74, p. 96; V. 7."., p. 31, 187, 1305; V. 77. p. 1295.
In Jan. 1905
DIV)
1902, 3 H%\ 1903, Jan., 2 ','",',; none since.
nurd dividends paid by former directors,
abOUl $650,000
paid Into
my. V. SO, p. 224. Cnderlylng bonds, $36,
consln Gra
Twine 6s due Jan.
1907.
Balance sheet Dec. 31 1905,
Directors, March 1906, V. 82. p, 680.
V. 82, p. 927.
Pres., Jobs u.
Robinson; Sec., W. A. Pfell, 377 Broadway, N. Y. (V. 82. p, 630.927.)
In West \ Irglnla In 1887.
which are Its selling agents.
—
I
,
I
I
I
•
1
—
CO.— ORGANIZATION.— Organ-
AMERICAN HIDE AND LEATHER
In Jan. 1901 said to control
V. 69, p. 493.
tier output of the country, including companies
about 75
in V. 68, p. 9
mentioned
& Co. and R. Suhm L. Co.
See V. 7o. n, 77, and appll
v. 72, p. 673.
II
Di\ in
Feb. 15 1905 to Vug. 15. 3
quarterlj none
to July 1906.
V. 81, p. 1816.
Overdue dtvs. on pref. to Aug, 1906,
about
r
BONDS, ETC. Sinking fund of $172..'.no retires bonds Sept. 1 yearly,
not win be inve ted In other seourlt ics.
it
ai 115 01
oi
if puri
meed the consolidation. Report for year
J. <\;. W. Sellgman &
In
V. 81, p. 840,
ending June 30 1905
ei
Including
1
$1, 106,1 87; inien
on bonds, s.">i ,500;
in
ized In
1899.
1
I
%
,
;
1
.
.1
I
1
renewal
Dlrecto
i
.
1
..
1,
Aaron Hccht (2nd V.
bal.,
sur..
$505,908.
o. S. Halght
V. P.),
(lsl
Roenltz (3rd V. P.), Chas P. Hall (4th
•'.
ilti
11. Buswell, Chas.
R
a,
A. inn (Sec. and Tn
,
P.),
.1
rick Strati
v. P
79;
i
.
i..
L,
I
w. Tidd. Henry Sellgman, Jami
and Thoma J Ryan. Office, 06 Clin St.,
1, p. 1214.)
AMERICAN ICE SECURITIES CO. ORGANIZATION, [noorpox
105,200 01 hi
ated In N. J. on March 29 190
13,871,100
common and $14,212,700 or the $14,920
preferred Moid; of the
,.
I
The latter companj owned
Co., per plan V, 8n, p. 601,
the $10,000,000 stock of the Consol. Ice Co. of \. s. (see V.
lock ol the Knlckei boi
110,000,000
!o. ol
a wholesale and retail bu Ini
In N. Y. City; PhiladelMaine.
I'a.: Boston, Ma
more, Mil.; We tilngton, D. 0.; Camden,
phia,
Sec v. si, p. 29; V, 77. p. 2:1:17.
Cape Mav and Ulantlc City,
J.
mo.
1
01
I
I
V
and by
Whom.
Dividend.
Aug 20
'06,1
July 2 '06,1
yi
%
%
Mch 15 ll-'12
10 in '05 M &
S Office, 1 Broadway, N Y Men 1906, 5%
See text. See text. Winslow L & Co, N Y
Dec 1 '05, 1 %
6 In 1905 J
do
& D
do
June 1 '06, 3 %
do
Q—
do
Nov 1 1915
4.H g
4 in 1905
Q— Treas office, 195 B'y, NY July 23 '06, 1 %
4 g
M & S Guardian Tr Co, N Y
Sept 1 1954
2 in 1905 M
& N Treas office, 6 Dey St, NY May 15 '06. 1 %
8 in 1906 J
& J Office, 65 Broadway, NY July 2 '06, 4%
See text. Q— Ml 5 Office. 90 W B'dway.N Y J*nel5'06,l \i %
7 in
See
Q— F15
1905
5
6
text.
NY
Co,
do
Q— F
M & S
A & O
lA & O
6 g
6
5 g
text.
5 in
Augl5'06,l M %
1915-1918-1923
1906-1909
Jan '03,
do
R Winthrop &
do
2M%
See text.
See text.
See
do
p
NY
Colonial Trust Co,
do
Aug
do
Sept
1919
1 1925
1
1922
July 16 '06, 2
July 2 06,1 H
NY
April
%
%
Augl '06,1 H %
%'
Q—
Q—
Q—
See text.
6 In 1905
1
Knickerbocker Tr Co, NY April
Central Trust Co,
See text.
1905
1%
15 '05,
Aug 1'06,1K
—
BONDS. Of the Am. Ice Securities deb. 6s, $298,490 remained on
hand in March 1906, to take up the outstanding Amer. Ice Co. stock.
Of the 5% collateral trust 5s of 1902 of the Ice Company, $1,970,000
are outstanding and $2,060,000 are issuable to retire $2,067,511 underlying bonds and real estate mortgs. (of which $391,950 were owned by the
company); $583,000 canceled and $387,000 In treasury of Am. Ice. Co.
BONDS OF SUB-COMPANIES HELD BY PUBLIC
(V. 81. p. 29.)
Knickerbocker Ice Co., due Feb. 1 1906, $741,000; Consumers' Ice Co.,
due May 1 1911, $33,050; Maryland Ice Co., Baltimore, due March 1 1910,
$250,000; Hygienic Ice Co., Washington, due Jan. 1 1910, $150,000;
Independent Ice Co., Boston (V. 78, p. 1963), 5 %, 1922 (M. & N.), $385,000
REPORT OF AMERICAN ICE CO.— Report for year ending Oct. 31
1905, in V. 81, p 47, showed: Gross receipts, $7,311,060; net, over oper.
exp., etc., $1,313,531; bal. over charges, $487,084.
Calendar Year.
1904
1903
1902
Gross earnings
$6,942,313
$6,785,058
$6,411,253
Compare V. 77. p. 2337; V. 78, p. 585; V. 81, p. 29.
DIRECTORS, ETC. (Old Co.)— Wesley M. Oler (Pres.); Guy B. Johnson
(Vice-Pres. and Treas.); Edward T. Bedford, Charles T. Barney, John
A. Sleicher, John Greenough, Charles I. Hudson, John R. Bennett (Sec).
William G. Crenshaw Jr., R. M. Thompson and Miles M. O'Brien. Office.
Broadwayand 28th St., New York. (V. 82, p. 50, 511, 754, 1324.)
AMERICAN IRON & STEEL MANUFACTURING. In Aug. 1899 absorbed properties at Reading and Lebanon, Pa. V. 71, p. 180.
V. 74,
Stock, common, $2,550,000. as reduced Feb. 1905, per plan V. 79,
p. 576.
p. 2644; pref., 5% cum., $3,000,000; par of shares, $50.
Divs. on pref.,
Jan. 1900, 1 2-3%; April 1900 to July 1906, 1 '4 ";, (Q.-J.).
On com., 1900,
$1 per share; 1901, 55 cts.; 1902, Jan. 29, 15 cts.; May 28, 15 cts.
Dividends on reduced common stock paid 2% quar. April 1 1905 to July 1906,
both Inclusive. No bonds.
Report for cal. year 1904 in V. 80, p. 709.
(V. 80, p. 1 176.)
Office, Lebanon, Pa.
AMERICAN LIGHT & TRACTION CO.— ORGANIZATION.— Incorporated in New Jersey May 13 1901, by Emerson McMillln and associates. V. 72, p. 724, 871, 987; V. 73, p. 235, and V. 75, p. 343.
All of
the stock of the Grand Rapids, Madison, St. Joseph, Lacombe, St. Paul
and Binghamton (N. Y.) Gas Works is owned, and at least 97% of the
stock of each of the remaining properties named below.
Tot. stock Outstand'g
issued.
bonds.
Western Gas Co
$4,000,000 $6,000,000 V. 74, p. 482
Grand Rap. (Mich.) Gas Light Co
1,000,000 1,225,000 V. 64, p. 662
Madison (Wis.) Gas & Electric Co
400,000
450,0001
St. Joseph (Mo.) Gas Co
1,000,000 1,000,000 See page 178
St.P.(Minn.)G.Lt.Co.(V.77, p.2282) .. 2,500,000 x3, 883,000 [ of this sec.
Binghamton (N. Y.) Gas Works
450,000
528,000.1
Con. Gas Co. of N.J. (L. Bran., N. J.) .. 1,000,000
971,000 V. 75, p. 344
Detroit City Gas Co
5,000,000 6,311,000 See this sec.
Quebec Jacques Cartler Electric Co
500,000
849,000
Southern Light & Traction Co
2,500 l,985.000/See"St.Ry."
Muskegon(Mich.)Trac.&LightlngCo ..
700.000
600, 0001 Section.
x See also $750,000 St. Croix Power Co. guaranteed bonds, V. 73, p. 1014.
STOCK. Stockholders subscribed pro rata at par for $179,725 new
common and $539,125 new preferred stock, payable Feb. 5 1906, and on
Feb. 1906, $1,679,725 common and $4,539,125 preferred stock were issued
to acquire the Detroit City Gas Co., Lacombe Electric Co. and Muskegon
Traction & Lighting Co.; outstanding, see table above. V. 82, p. 50, 279.
DIVIDENDS. Pref., Dec. 2 1901 to Aug. 1906,
yearlv (paid
Div. (semi-an.) on common,
Q.-F.)
2 %, Nov. 1 1904; In 1905, Mav.
(quar.); in 1906, Feb., 1 %; May, 1%,
1H%: Aug. and Nov., each
—
—
—
—
—
—
Aug.,
1 «",',.
RIOPORT.
— Report for calendar year
Dividends
Period
Oilier
Total
Income, expenses.
covered, received.
$
$
$
6 mos. end. June 30
1906
953,115 94,420 24,000
74,117
16. .-.00
1905 ...474,964
Year
1905
1,222,785 150,835
37,458
1,007,0111 144,508
1904
18,993
Emerson McMillln;
V. P.
1905, V. 82. p. 216.
Preferred
Common
dividends.
dividends,
$
$
(3)425,982
(3)281,907
—
Pres.,
\. V. Office, 10 Wall St.
336, 630, 986; V. 83, p. 154
Balance
surplus
$
445,669
168,760
(21151,884
(1%) 81,911
(6)570,492
(6)563,814
and Treas.,
Laurence.
j).
6%
W
1%
I
•
Where Payable,
Q—
100
1,000
25
100
100
1,000
100
1,000
100
100
100
,
When
Payable.
See text. Monthly. Park Row Bldg, N Y
6 in 1905
do
do
M &S15 Morton Trust Co, N Y
4 g
$6,000,000
3,000.000
10,000,000
1,500,000
20,237,100
10,198,600
5,000,000
9,751,100
100,000
3,844,700
18,000,000
1,802,000
loo!
2,047,890
100 &c
113,200
100 &c
284,900
100 15,000,000
100 11,274,100
100 12,548,300
1,000
7,635,000
100 18,906,700
2,782,930
,000
1.970,000
50
2,550,000
50
3,000,000
100
6,738,700
100 14,176,700
6%
Preferred,
c 1901-2
American Cigar Gold notes, guar p & 1, red 102 H
American Coal Stock
American Cotton Oil— Common stock, $20,237,100
Pref stock 6 % non-cum sub to call at 105, $14, 562 ,300
c*
1890
Debentures, extended In 1900 (V. 71 p. 2374, 1010)
American Dist Tel Co of N J Stock, $10,000,000 authorized
When Due.
pal.
$100
American Chicle
— PrinciStacks — Last
Bonds
Size, or
Bonds
column headings, &c.,
of
[Vol. lxxxiii.
«) 176,886 588,839
4)105,318 463,379
Lathrop; Sec, James
(3
(2
L. P.
Directors, V. 73, p. 235.
— (V.
82,
American LINSEED.— ORGANIZATION, ETC.— Incorporated on
Dec.
V. 67, p. 1161; V. 69, p. 697.
5 1898 in N. J.
See V*. 71, p. 545.
For list of plants, etc., see V. 70, p. 631. Com. stock authorized, $16,stock as In table.
750,000, all outstanding; pref.
In June null. Standard
OH interests acquired a majorlt] of stock, V. 76, p. 216. Dividends on
pi el.
June 15 1899 to Sept. 1900 kgj
ed 10) ",, none since.
REPORT.— Report for year ending July 31 1:101 was in V. 73, p. 662.
955, showing loss from operations ol si 102. 191
Pres., John A. McGean;
Main office, 100 William St., \. Y.
Sec., W. A. Jones.
(V. 79. p. 1267.)
•
.
•
1
.
locomotive
American
:
.
ORGANIZATION.—Incorporated
co.
N. V. on June 10 lllol as a consolidation Of the Various companies.
V*. 72, p. 1189: V. 73, p. 84, 186, 724.
(See list, V. 73, p. 80.)
In March
1904 the entire capital stock of he Locomotive >V Machine Co. of Montreal
was acquired v 78, p. 1111. L393, 148), and in Jan. 1905 of the Rogers
\
80, p. 174.
Locomotive Works.
Co-operates with Gen. Electric Co.
in construction ol electric locomotives; see v. 79, p. 1022.
in 1905 began
to manufacture automobiles.
\. 80, p. 2459; v. 82. p. 282.
DIVIDENDS, ETC. Dividend on pref.,
.
Quarterly Oct. 1901,
to .1 11 j- 1906, hoi h Inclu live
', ',,
dl\
on common stock.
payable
Aug. 25 1906,
\
82, p. 1440,
Bonded debt ol constituent companies;
Dickson Mir. Co. 1st 5s, $562,
assumed), maturing NTov.
1927;
Richmond Locomotive, $750,
gold oonsol. 6s, due April
1929 (assumed)
uned bj \mer. Loo Co.; Internationa! Ur Power
which $118,0
of
Rhode island i.oc. Works) 1st is. $125,
mot assumed) due Feb.
1919, but sullied to call
ensure the eventual retirement
pn
of the last named $250 ,1
can Locomotive stock is held
In trUSt.
Locomotive & Machine Co. of Montreal 1st 20 \, BJ (fold Is
dated March
1904 ($1,000 each), guaranteed principal and
$500,000,
Loc Co., which owns remaining $1,000,000 of authorised
Interest by \m
Issue: lnt
March and Sept, at Royal Trust «'o. or Montreal, trustee;
Rogers Locom. Works, $400,000 first s
5s, due Maj 14 1921,
REPORT. Report for yeat ending Jun
In V. 81, p. 840.
sun, showing net earnings,
68; Interest and discount, $112,186;
dividends on pier, stock i7"„i, $1,750,000; Investment in Montreal works,
sur.. $607,924.
SI ,883,007; bal
Pliny FIsk, Geo, it. Sheldon, c. \. Coffin, Julius ]•:. French
Directors.
S. I.. Schoon maker. Win. M. Hal num. 1'ted'k II Sliwens, Joseph II: \ an and
In
I
1
1
.
r
.
iv
1
1
li
il
1
1
.
.
1
1
,
I
.i
1
1
1
.
.
July,
INDUSTRIAL STOCKS AND BONDS.
190G.J
Date
column headings,
of
first
page of
Size, or
see
of
Par
Amount
Bonds
&c,
Value.
Outstanding
notes on
tables.
—
American Linseed Common stock, $16,750,000 authorized.
Pref stock, 7 %, non-cumulative, $16,750,000
American Locomotive Common stock, $25 000,000.
Pref, also assets, 7%, cum, $25,000,000. (Bonds, see text)
American Malt Common stock, $6,000,000
Pref (also as to assets) cum, $9,000,000 (see text)
1899
c*
Am Malt 1st M ass'd, $5,000,000,g, s f, sub call 105
American Pipe Mfg Co Stock, $5,000,000 authorized
American Pneumatic Service Common stock, $10,000,000.
Preferred, as to assets, 6 %, non-cumulative, $5,000,000
IB 1903
NewM, $5,000,000, g, s f (underlying bonds text)
IB, 1902
Lamson Con Store Service Co s f bonds, call at 102
American Radiator Common stock, $5,000,000
100
100
100
i
7%, cumulative,
1st
call
s f,
—
K
500 &c
100
100
100
100
100
100
100
100
100
1900
Stock, common, $15,000,000
7%, non-cumulative, $15,000,000
Preferred,
—
—
American Smelters Securities Common stock, $30,000,000.
Preferred "A," 6%, cumulative, $17,000,000
Preferred "B," 5%, cumulative, guaranteed, $30,000,000.
American Smelting & Refining Common stock, $50,000,000
Preferred stock, as to assets, 7 %, cumulative, $50,000,000
American Snuff Stock, common, $12,500,000
—
Preferred, 6%, non-cumulative, $12,500,000
x Includes $385,000 in treasury Aug. 31 1905.
Chairman Exec. Com., Fred'k H. Stevens; Pres., W. H. MarJames E. Sague; 2d V.-P., R. J. Gross; 3d V. -P. & Sec,
Leigh Best; Treas., C. B. Denny; Comptroller, C. E. Patterson. Office,
111 Broadway, N. Y.
(V. 81, p. 1243, 1667; V. 82, p. 282, 336, 1440.)
AMERICAN MALT CO. ORGANIZATION. Incorporated in New
Chas. Miller.
shall;
1st V.-P.,
—
—
—
successor, per plan V. 81, p. 266,
1043, of the
Jersey on April 2 1906 as
American Malting Co.. the latter being a consolidation in 1897. V. 65.
Under the plan the old preferred received 62 % in
p. 619; V. 70, p. 478.
new pref. and the old common 44% in new common stock. The new securities are expected to be issued in Aug. 1906.
STOCK. The preferred stock is entitled to 4 % from April 1 to Oct.
thereafter to 6 %. Of the stock, about $47,200 pref. and $104,000
1 1906
common will remain after exchange of all of the old stocks.
BONDS. R. C. Newton and Geo. R. Turnbull are trustees. V. 69,
p. 956, 1013, 1195.
REPORT of old Co. for year ending Aug. 31 1905, V. 81, p. 1373, showed:
Profits above interest and $65,382 for improvements, etc., $412,292.
OFFICERS (old Co.). Pres., Charles A. Stadler; Sec, J. C. McCune,
Directors, Nov. 1905, V. 79, p. 2149; V. 81,
Treas., Louis L. Stanton.
N. Y. office, 63d St. & E. R.— (V. 82, p. 806.)
p. 2147.
—
—
—
—
AMERICAN
MANUFACTURING
PIPE
New
CO.
— ORGANIZATION.
Jersey Jan. 31 1889. Controls and operates various
water works and manufactures the Phipps hydraulic pipes. See list
subsidiary companies, V. 72, p, 135; V. 69, p. 1197; V. 81, p. 509.
1895
1896 to July 1906.
DIVIDENDS.— 1 '90. '91. '92. '93. '94.
6
6
]
8 11H 13 (lncl.3ex.) 12 yrly. (Q.-J.)
(%)
REPORT. For year 1905, with balance sheet, in V. 82, p. 567, showed:
Net earnings, $588,669, against $414,654 in 1904; dividends, $352,482,
Pres., Joseph S. Keen Jr.; Vice-Pres. and Treas.,
against $240,000.
Geo. M. Bunting; Sec. and Asst. Treas., H. Bayard Hodge; Asst. Sec,
W. H. Roth. Office, 112 North Broad St., Philadelphia, Pa.— (V.82,p.567)
Incorporated
in
—
AMERICAN PNEUMATIC SERVICE
CO.-— ORGANIZATION.
— In-
1899 under laws of Delaware.
(V. 68, p. 1130, 1179.)
Is the owner of the whole, or nearly all, stock of the Lamson Consol.
Store-Service Co. (V. 68, p. 1073), the Inter. Pneum. Service Co., etc.
Government contracts, V. 81, p. 29, 32; V. 75, p. 734; V. 79, p. 2088; V.
In Aug. 1905 acquired all the stock of N. Y. Mail & Newspaper
S3, p. 40.
Trans. Co. and Tubular Disp. Co., all the bonds of the N. Y. M. & Tr. Co.
and $547,000 of the $600,000 Tubular Disp. bonds. V. 81, p. 669; V. 82,
Stock, com., auth., $10,000,000; outstanding, $5,952,000; par,
p. 394.
Preferred, see table.
$50.
Application to list was in V. 83, p. 34. showing properties owned, description of securities, earnings, balance sheets, &c
Dividends on pref. stock to Jan. 20 1902, incl., 6% per an.; in 1906,
Mch., 1H%; June, 1 14%
First M. Collateral Trust S. F. During 1905, $1,287,000 of the
new $5,000,000 5% bond issue was sold; $600,000 Is reserved to retire
the $600,000 (authorized issue) of Lamson bonds and the balance for
acquisitions and extensions at not over 75 % of cost, and only for property leased at not less than 12 3^ % of cost. V. 81, p. 32.
REPORT for cal. year 1905, with balance sheet, was inV. 82, p. 866,
showing, net earnings, $347,889: interest, $46,284; bal., sur., $301,605.
Arthur S. Temple, Treas., 161 Devonshire Street, Boston.
New directors, Jan. 1906, V. 82, p. 163.
(V. 82, p. 866, 930; V. 83, p. 34,40.
AMERICAN RADIATOR. Incorporated in N. J. Feb. 10 1899. V.
68, p. 329; V. 80, p. 2346.
Dividends on pref., May 1899 to May 1906,
inclusive, 1 3 i
quarterly (Q.-F. 15).
On common, Dec. 1904 to June
1906, both inclusive, 1% quar. (Q.-M.).
Report for year ending Jan.
31 1906, with balance sheet, V. 82, p. 625, showed: Net profits, $833,917;
7 %on pref., $210,000; div. on common (4 %) $190,013; balance, $427,904.
Pres., C. M. Woolley.
Office, 282 Michigan Ave, Chicago.
(V. 80, p.
2346; V. 82, p. 571, 625, 754.)
corporated July
1
—
—
",',
,
—
AMERICAN SEWER PIPE CO.— ORGANIZATION.— Inc.
In
N.
J.
on
Feb. 17 1900 as American Clay Mfg. Co. as a consolidation of 32 vitrified
drain-pipe and 2 paving brick plants, said to control from 60 to 75% of
the Industry, and name changed Feb. 1 1901.
For list, etc., see V. 70,
p. 482, 688, 874.
The bonds are subject to call at 105 and interest up to
$100,000 yearly. See V. 70. p. 688; V. 78, p. 2601. Stock, $8,000,000,
as reduced Mar. 1903; outstanding, $7,805,700. Balance sheet Dec.
31 1905, V. 82, p. 451.
Dlvs., 3% yearly (H'<;, Q.-J.) July 1904 to April 1906, both Inclusive.
OFFICERS.— Pres., Frank N. Kondolf, Pittsburgh, Pa.; Sec, Thomas
D. Brown, Xew Brighton, Pa.; Treas., W. B. Goucher, Pittsburgh.
Office, Pittsburgh, Pa.
(V. 80, p. 999, 1055: V. 82, p. 451.)
—
AMERICAN SHIPBUILDING CO.— ORGANIZATION.— Incorporated
Xew Jersey 00 March 16 1899, to unite the shipbuilding and kindred
interests of the Great Lakes.
V. 08, p. 770; V. 70, p. SOU; V. 71, p. 344,
1014; V. 73, p. 390.
Div. on pref., July 1899, to July 16 1906, Inclusive,
per an. {\% Q-J.)
On common, 4 "„ for year, paid quarterly Dee.
1902, Mar., June and Sept. 1903; a dividend of 4'% was paid in quarterly
Instalments, the first Sept. 1 1905.
V. 81. p. 267.
Report for year ending
June 3d 1905, In V. 81, p. 1312, showed: Net earnings, $1,549,450; div.
on pref., (553,000; div. on common (4";,) (304.000; depreciation, maintenance, reserve, etc., 3356,100; bal., sur., $336,350.
Orders Nov.
1905, V. 81. p. 1438.
Pres., James C. Wallace, Chicago; Vice-Pres.
and Treas., It. C. Wetmore; Sec, Ora J. Fish. Directors, V. 81, p. 1102.
Office, Cleveland, O.
(V. 81 p. 1102. 1312, 1438; V. 82, p. 1381 .)
in
7%
—
\MERICAN
SMELTERS
,
SECURITIES
CO*— ORGANIZATION.—
Incorporated March 31 19115 in New Jersey, and acquired from Guggenheim I.xplor. Co. various mining properties and Interests In Mexico,
Colorado and Missouri and about 35,000,000 to complete certain purchl
later bought other properties In California. Washington, Utah, Missouri
Mexico and a majority of the federal Mining & Smelting stock. Am.
Smelt.
Ref. Co. controls through ownership of $17,751,
common
<fc
stock. See below. V. 80. p. 873, 1237. 1730, 1915, 1978, 2221; V. 82, p.
In Nov. 1905 control of Utah Copper Co. was acquired.
694.
V. 81
p. 1317, 1494, 1794.
STOCK. Preferred stock "B" Is guaranteed as to dividends by American
Smelting & Refining Co. and also as to principal In case of liquidation;
principal Is subject to redemption at par at option of company June 1
1930, or any Interest day thereafter.
Sink, fund Is provided.
See V.
80, p. 1730, 1973.
Pref. stock "A" Is preferred over "B" only as to dividends.
The present
authorized issue. $17,000,000, may be increased by $3,500,000.
Pre-
—
by
Whom.
A & 0._.
— M By
50
50
.
American Shipbuilding
Where Payable,
Last
Dividend.
Sepl5 '00,1 %
Aug25'06,l M
Jly 21 '06,1%
Dec
Q—
—
$5,000,000
— Stock, $8,000,000 authorized.
M, $2,500,000,
subject to
at 105
|
Payable.
—
,
American Sewer Pipe
%
Q—
—
—
Preferred stock,
Rate
Princi-
pal,
When
$100 $16,750 ,000
100 16,750 ,000 7 in 1900
100 25,000 ,000
Q J Checks mailed
100 25,000 ,000 7 "in" 1905
A & O
100
5,896 ,000
100
8,952 ,800
6 g
J
1 000
X3.714 ,000
& D Guaranty Tr Co, N Y
Office 112 NBr'd St, Phlla
100
4,000 ,000 12 in '05
J
—
—
— Bonds— Due.
When
and
Stocks—
INTEREST OR DIVIDENDS.
MISCELLANEO US.
For explanation
155
8,290 ,700
5.000 ,000 See text.; Q
1,287 ,000
5g A
390
4,922
3,000
7,805
1,482
7,600
7,900
30,000
17,000
30,000
50,000
50,000
11,001
12,000
,500
,300
,000
,700
,000
,000
,000
,000
,000
,000
,000
,000
,700
,000
,F
5 g
4 in 1905
7 in 1905
3 In 1905!
& O
& A
Q— M
Q— F15
6g
See text.
7 in 1905
I
See text.!
5
See text.
7 in 1905
10 in '05
6 in
1905
Q —J
M & S
Q —M
Q—
Q—
Q—
Q—
Q—
Q—
Q—
1914
1
July
1
'06,
|
check
%
%
%
3%
H%
Ijne 15'06,1
(Oct 1 1928
Internat Trust Co, Bost
Jan 1 1922
282-4 Mich Ave, Chic Jne 30'06, 1
%
jOfl,
do
Mayl5'06,lM%
do
|
Apr
i
Knickerbocker Tr Co,
NY Mch
1
'06,
%%
1 1920
iJune 1 '06, 1%
Jly 16'06, 1 %
Cleveland, Ohio
do
%
y%
%
;Jly 16'06, 1% %
;July2 '06, 1% %
July2 '06, 2)4 %
July2 '06, 1H %
Broadway, N Y
do
do
71 Broadway, N Y
do
do
111 Fifth Ave, N Y
do
do
Junel
Junel
71
'06,1 2
'06,1 \i
ferred stock will have no voting power during the first two years nor
thereafter except while the dividends for one year remain unpaid. The
common therefore carries control while pref. dividends are paid.
DIVIDENDS. First div. on pref.
stock (for 2 mos.)
1 %,
paid
July 1 1905; Sept. 1905 to June 1906, both inclusive, 134% quar. V
81, p. 156. 670.
On pref. B., Ii4% quar., paid Sept. 1905 to June
1906, both inclusive.
OFFICERS.— Pres., Daniel Guggenheim; Vice-Pres., Barton Sewell;
Treas., Morris Guggenheim; Sec, G. M. Borden.
Directors, V. 80, p.
1425.
Office, 71 Broadway, N. Y.
(V. 81, p. 1725; V. 82, p. 694.)
—
A
,
—
AMERICAN SMELTING & REFINING CO.— ORGANIZATION, ETC.
— Incorporated Aprilplants for under laws of
4 1899,
Owns and operates
the smelting
New
Jersey, V. 68, p. 668.
and the treatment of
lead bullion, copper bullion and copper matte in Utah, Montana, Colorado,
Kansas, Nebraska, Illinois, New Jersey, Mexico and elsewhere. The
principal merchantable products are bar gold and silver, pig lead, electrolytic copper and blue vitriol. Controls the Kansas City Smelting & Refining
Co., the Omaha & Grant Smelting Co., etc.
List of plants, rights of stock,
etc., see V. 68, p. 975; V. 68, p. 471, 523; V. 70, p. 232, 281.
V. 76, p
974; V. 77, p. 2340; V. 79, p. 1041.
Contract with Federal Mining &
Smelting Co., of which control is owned through the American Smelters'
Securities Co., V. 79, p. -2694.
In April 1901 the property of M. Guggenheim's Sons was acquired, the
stock being Increased from $27,400,000 each of common and preferred to
$50,000,000 each. The output of lead and silver It is stated is now about
85 % of the production in the U. S.
V. 71, p. 1271; V. 72, p. 138, 724
see circular in V. 72, p. 185.
V. 71 p. 1271.
Early in 1906 consolidation of United Lead Co. with National Lead Co.
was arranged, the American Smelting & Refining interests controlling the
consolidated company. V. 81, p. 1667, 1725.
In April 1905 acquired control of American Smelters' Securities Co.,
which see above. V. 80, p. 873.
Omaha & Grant Smelt. 1st 6s due March 1 1911, $561,000, retlrable
about $70,000 annually by sinking fund, are the only bonds.
DIVIDENDS on pref. to July 1906, inclusive,
per an. (1
Q-J.)
On common, in 1904, 5%; in 1905, to July, inclusive, lii % Q-J.; %in Oct.
1905 to July 1906, incl., 1 3
(Q.-J.)
4
REPORT. Report for year ending April 30 1905, at length in V. 81,
898, 920, showed: Gross, $10,506,683; net, $8,681,996; dividend,
p.
on pref. (7%), $3,500,000; div. on common (5%), $2,500,000; bal..
sur.. $2,681,996.
DIRECTORS.— Daniel Guggenheim (Pres.), Isaac Guggenheim (Treas.),
Solomon R. Guggenheim, Morris Guggenheim, Simon Guggenheim, S. W.
Eccles (Vice-Pres.), Edward Brush (V. P. and Asst. to Pres.), H. L.
Higginson, Grant B. Schley, A. R. Meyer, D. H. Moffat, M. D. Thatcher,
J. B. Grant, Guy C. Barton, Dennis Sheedy, W. S. McCormick, Karl
Ellers, Frank W. Hills. A. Ellers. Barton Sewell (Vice-Pres.), Edgar L.
Newhouse
Office, 71 Broadway, N. Y.
(V. 82, p. 163, 336.)
of ores
,
7%
%
—
—
AMERICAN SNUFF CO.— Incorporated
in N. J. on March 12 1900.
For list of properties merged, see V. 70, p. 533. 634; statement to X. Y.
Stock Exchange, V. 72, p. 625, 672; V. 74, p. 428; V. 81, p. 267. Div
on pref., Jan. 2 1901 to July 1906, 6% yearly. On com. Jan. '03. to
July 1906, inclusive, 10%. Am. Tobacco Co interests own control.
REPORT. Report for year ending Dec. 31 1905 (In V. 82, p. 566)
showed: Net earnings, $2,633,550; div. on pref. (6%), $720,000- div.
on common (10%), $1,000,170; bal., sur., $813,380. Pres., Martin J.
Condon; Sec. and Treas., E. D. Christian, 111 Fifth Ave., N. Y. (V.
80, p. 1055; V. 81, p. 213, 267, 1667; V. 82, p. 566.)
—
—
AMERICAN SODA FOUNTAIN.— Formed in '91 In N. J. V. 66, p. 382
DIVIDEXDS. — On preferred in full to Nov. 1896, inclusive; in 1897
%
to 1899, inclusive, none; Nov. 1900, 3
on 1st pref.; 1901 to 1904. both
inclusive,
yearly on 1st pref.; in 1905, none; leaving accumulated
dividends unpaid of 27% on 1st pref. and 72
on 2nd pref. V. 81, p.
On com., none since 1896. Balance sheet Sept. 1 1903. V. 82, p. 567.
1552.
Xo report since 1903. Report year ending Aug. 31 1903,
V. 77, p. 203.-), showed profit, $125,274, against $108,589 for 1902.
Pres.,
James N. North. N. Y. office, 449 First Ave. (V. 82, p. 567.)
6%
%
REPORT.—
—
AMERICAN STEEL FOUNDRIES CO.— ORGANIZATION.— Incor-
porated
In
Xew
Jersey on June 26 1902, and acquired:
American Steel Casting Co. (See "Supplement ." for Apiil 1902) Reliance
Steel Castings Co. of Pittsburgh, Pa., Leighton & Howard Steel Co. E.
St. Louis, ill., Franklin Steel Casting Co. of Franklin, Pa., Sargent Co.
of Chicago. 111., American Steel Foundry Co. of Granll e Citv, 111., and Ainer.
Steel Bolster Co.; also In Sept. 1904,
of Commonwealth Steel
0.
stock and in Jan. 1905, entire stock of Simplex R'way. Appliance Co.
V. 79, p. 1463; V. 80, p. 224, 602.
STOCK. Tor status, rights of stock, etc., see V.78, p. 2604. V. 77,
p. 767; V. 75, p. 1800.
Of the $40,000,000 stock (half pref.) the $2,300,000 each of common and preferred are to be issued onlv for cash or property
ctual cash value at par.
V. 74, p. 1141, 1357.
.000.000
inJan
one-three-year notes were sold; also $2,200,000 of e.i
6
of stock.
On pref., Dec. 1 1902 to Dec. 1903,
quar.
11104 May. IJ$%." Aug., 1%; none since to July
,
60%
1
—
.
%
DIVIDENDS.—
:
,
BOXDS. — The
1H%
1
stockholders on Sept.
1905 authorized $6,000,000
bonds, to be secured on the plants of the company, the entire Simplex
Railway Appliance Co. stock and about 55% of Commonwealth
tockholders or underwriters subscribed at 80 for the S3 500 000 present issue. V. 81, p. 267, 812.
REPORT. lor year ending July 31 1905, loss on operations was
$329,000, of which $317.
\pended for Improvements is to be caplSimplex Ry. Appliance Co. earned for 13 months $350.'
ed.
for year 1903-04 net Income of constituent companies. $354,030; Interest
on bonds. $23,550; pref. div. (4'*":.), $697,500; bal., def., $367,020.
DIRECTORS. C. M. Schwab, Geo. L. Peabody, E. H,
fred
Clifford. Chas. Miller, J. M. Sciioomnaker. Max Pam, Edward Shear
.1. A. Middleson. .John
II. Harrison. E. B. Thomas, Win. C. Urown. C. H.
Howard. E. P. Goltra, Arthur ,j. Eddy. Pres., Win. v. KeUey; 1st \
Pres., Robert P. Lamont; Treas. and Sec, F. E. Patterson.
Olllce
Chicago.— (V. 81, p. 842, 1102.)
—
WiERICAN SUGAR REFINI NG.— Organized
In X. .7. In Jan. 18
V. 51, p. 609.
Stock-, originally S5n.oo0,000, v.
1892 to $75,000,000 (half pref.) to acquire the capital stock of
the four Philadelphia refineries and a controlling Interest In the Baltimore
refinery.
Spreckels's refinery In California has been held under lease
per plan
In Jan.
INDUSTRIAL STOCKS AND BONDS.
156
IXTEREST OR DIVIDENDS.
MISCELLAXEO US.
For explanation
Date
first
page of
see
notes
of
6%,
2nd preferred, 8%,
Par
Amount
Value.
Outstanding
on
tables.
—
Common stock. $1,250,000
cumulative, $1,250.000
cumulative, $1,250,000
American Steel Foundries Stock, common, $20,000,000
Preferred stock, also assets, 6%. cumulative, $20,000,000
American Steel Castings, 1st mortgage, gold
Qj
Notes, redeemable In one year
'16
Col.c*
Mortgage, $6,000,000, s f, red beg Apr
American Sugar Retining Common stock. $45,000,000
Pref stock, 7 %, cum (not pref as to assets), $45,000,000
rental
American Telegraph & Cable Stock, 5
American Telephone & Telegraph Stock $250,000,000
OB.c*
Collateral trust mortgage, gold (V. 70, p. 40)
OB
Collateral trust notes, gold
Amer Bell deb. g (V. 67. p. 72. 1355; V. 70, p. 40),_-OB.c*
Convertible bonds, $150,000,000 authorized, red 105, text
American Thread— Pref stock, $6,000,000, 5%, cum, gor£__
Q-c*
First mortgage, $6,000,000, gold or £
American Tobacco Co Common stock ($100,000,000 auth).
Pref (also as to assets) $80,000,000 6 %, cum (See text) _.
Mo.c'ir
Gold bonds (not mtge) $56,100,000 auth
Gold bonds (not mtge.), $63,489,100 authorized.. Mo. c&r*
-Mo.c'&r.
Consolidated Tobacco collat tr M, g.
American Type Founders Stock
Preferred stock 7% cumulative $2,000,000
Debentures gold $1,000,000 s f $20,000 yrly beg Sep'OO.Me
American Soda Fountain
Size, or
Bonds
column headings, &c,
of
—
i
—
1897
1905
1905
100
—
%
—
1899
1904
1898
—
&c
i
1904
1904
1901
1896
and by
Where Payable,
Stocks Last
Dividend. *
Whom.
Payable.
Nov
Nov
Nov
7 ,700 ,000
—
NY
'96,
1
,
%%
6%
%
1%
1904,
4 '96, 2
Aug 1 '04,
17,700,000 See text.
Q F 74 Broadway,
Nov 1 1912
471,000
do
do
5g M & N
Feb 1 1908
1,000,000
6
F & A New York
6 g
Oct 1 1935
3,500,000
A & O New York
July 2 '06.1 H
45,000,000 7 In 1905
Checks mailed
J
July 2 '06,1 H
45,000.000 7 In 1905 See text.
do
14.000,000
5
M Western Union Tel, N Y June '06, \ X
July 6'06.2 '4
131,551,400:
J
7H
53,000,000
4g J <fc J Manh Tr, N Y: & BostOD July 1 1929
:May 1 1907
20,000,000
& N
5g
10,000,000,
4
J
& J Nat Bk of Com, Boston July 1 1908
Mch 1 1936
See text.
& S
Uune30'05 2 H
4,890,475 5 In 1905 J
& J Guaranty Tr Co, N Y
iJan
do
6,000,000 4 g or £ J
& J
do
1
1919
June l'06,2J^
40,242,400 See text. See text. Checks mailed
6
Q
July 2'06, 1 H
78,689,100
do
Ia & O Morton Trust Co, N Y
55,383,000
6 g
Oct 1 1944
Aug 1 1951
do
do
58,168,000;
4 g
F & Al
Aug 1 1951
5.317,000
4 g
F & A
do
do
4,000,000 4 In 1905;
July 16 '06. 1
Checks mailed.
J
Q
2,000,000 7 In 1905
do
|july 16 '06 IX
884,900
6g
& N Mercantile Trust Co, N YiMay 1 1926
14
i
Q—
Q—
Q—
%
%
%
%
M
M
—
M
%
%
%
Q—
500 &c
100
100
50 &c
50 &c
50 &c
100
100
100
1899
%
i
5
.
,
1
100
100
100
100
1,000
1,000 &C
1,000
i
When
Rate
Bonds — Prlnci— pal. When Due.
—
$1,250,000 See text.! Nov 4
1,250,000 See text.
Nov Checks mailed
1,250,000 See text. See text.
$100
100
100
100
100
1st preferred,
— —
[Vol. lxxxiii.
%
—
to the "Western Sugar Refining Co.," of which the "trust" owns one-half
the stock.
Beet-sugar Interest acquired, V. 64, p. 841; V. 77, p. 771;
coffee plants. V. 63, p. 1157; V. 64, p. 40; V. 70, p. 688, 1051; V. 71. p.
Beet-sugar refineries In U. S., V. 66,
914; V. 72, p. 1137; V. 82, p. 1270.
Nat. Sugar Ref'g
p. 132; V. 68, p. 280; V. 69, p. 1249; V. 76, p. 867, 1194.
See V. 70, p. 482, 634, 998, 1051; V.
Co. see V. 70, p. 1096; V. 71, p. 31.
Independents, V. 73, p. 238; V. 82, p. 1324.
71 p. 136, 237, 699.
STOCK. In 1901 each class of stock was Increased from $37,500,000
V. 73, p. 617.
to $45,000,000 by sale at par to shareholders.
1906.
DIV.
.1 '92. '93. 1894 to 1899. '00. '01. '02. '03. '04. '05.
7toJ'y,5^
7
7
7
Common
\\dy Z\ y 12 y'ly(3Q-J.) 7 % 7
2
2
Preferred
J7% yearly to date; nearly all Q.-J. V. 71, p. 1168.
REPORT. No recent report. Annual meeting In 1905, see V. 82, p. 165.
r
-BALANCE SHEET.
Dec. 31 '05. Dec. 31 '04. Dec. 31 '03.
Real estate and machinery
$35,156,876 $35,051,343 $35,180,057
34,683,022
Cash and debts receivable
$38,659,443 $38,320,033
51,986,127
54,212,196
Investments In other companies . 54,058,547
12,338.661
24,936,523
16,658,732
Sugar, raw and refined
ental tobacco companies.
V. 79, p. 1705. See application to list, V. 80
p. 168; statements of those companies In this Section for July 1904.
The American Snuff Co. Is controlled, $10,000,000 of Its stock being
owned: also $7,000,000 of the $10,000,000 stock of the American Cigar Co..
whose
notes ($20,000,000 authorized) were guaranteed, principal and
Interest, by the American and Continental companies.
V. 73, p. 1113;
V. 72, p. 531, 1037; V. 78, p. 1394. The Havana Co. Is controlled. V. 74,
The Continental Co. acquired the $3,000,000 P. I.orillard Co. com.
p. 1141.
and also $1,581,000 of Its $2,000,000 pref. stock. V. 70, p. 331, 1051;
V. 71, p. 646. American Stogie Co., see V. 77, p. 148; V. 80, p. 2400.
In Sept. 1902 an agreement was made with the Imperial Tobacco Co. of
England by which the two Interests are left undisturbed In their own countries respectively, the export business of both being turned over to the
British-American Tobacco Co., of whose $30,000,000 stock the Consolidated owned $20,000,000 and the Imperial $10,000,000. V. 75, p. 735;
V. 73, p. 618, 724, 1359; V. 76, p. 868, 921.
$144,533,598 $152,520,095 $134,187,868
$90,000,000 $90,000,000 $90,000,000
31,922,032
48,734,384
40,526.459
12,265,836
14,007,138
13,785,711
On pref., Jan. 1905 to July 1906, both Incl., 6 yearly
On com., 2J^ quar., Mar. 1905 to June 1906, both incl.. and
(Q.-J.).
V. 81, p. 1377.
In Dec. 1905 10% extra.
,
—
—%
—
Total assets
Capltalstock
.
Debts..
Reserves
$144,533,598 $152,520,095 $134,187,868
DIRECTORS. H. O. Havemeyer, Chas. H. Senff, Arthur Donner, Lowell M. Palmer, John Mayer, W. B. Thomas, John E. Parsons; Treas.,
Arthur Donner. Transfer office, 117 Wall St., N. Y. (V. 82, p. 1498.)
Total
liabilities
—
—
AMERICAN TELEGRAPH & CABLE. — Owns
Scotia and England.
Leased until
two cables between Nova
1932 to Western Union which see.
—
•AMERICAN TELEPHONE & TELEGRAPH CO.— ORGANIZATION.
Owns
a large Interest, generally a majority Interest, In the capital stock
of all the leading local companies operating under the Bell patents throughout the United States (except the Michigan State Telep. Co.); also owns
the system of long-distance telephone lines by which they are united.
See series of telephone articles, V. 69, p. 674, 826, 1034, 1222; V. 70, p.
Capitalization licensee co's, see V. 73, p. 446, 555, 724; V. 76
817.
On June 30 1906
p. 596; V. 77, p. 2036; V. 79, p. 735; V. 82, p. 699.
Decision
6,501 ,780 Instruments In use, against 5,094.642 on June 30 1905.
Pupln
as to Berliner patent, V. 72, p. 439; V. 73, p. 186; V. 76, p. 244.
Controls Western
patents, V. 72, p. 677; V. 76, p. 332; 596; V. 77, p. 39.
Telephone & Telegraph Co., the successor to the Erie Tel. & Telep. Co. V.
Decision as to claim of Western Union,
73, p. 1267; V. 74, p. 42,271.
see V. 77, p. 951, 2160; V. 78, p. 585, 1220; V. 79, p. 153; V. 82, p. 336.
STOCK. On June 3 1901 the authorized stock was Increased from
$100,000,000 to $150,000,000 and on Mar. 1 1903 to $250,000,000. Of
the new stock, $21,943,200 was subscribed for by stockholders at par in
1903.
This Increased the outstanding stock to $131,551,400, excluding $27,110,400 held by American Bell Telephone Co. and virtually unissued.
V. 76, p. 1356; V. 77, p. 39, p. 771.
DIVIDENDS. July 1900 to July 1906 Inclusive,
per annum, viz.
Julyl6,2M%; Oct. 15, 1>A%; Jan. 15,2H%; April 15, 1J4%.
BONDS. The coll. trust mtge. of 1899 secures equally the coll. trust
bonds and the $10,000,000 Bell debentures. See collat., V. 81. p. 509.
On additional collat. further bonds may be Issued to an amount not exceeding 75 % of the estimated value of collateral; and the Issue at any
time outstanding must not exceed the amount of the company's capital
stock then paid up.
V. 69, p. 1195, 1249; V. 70, p. 40. Of the collateral
trust bonds $53,000,000 have been sold. V. 80, p. 999, 1113. The $20,000,000 5 % gold notes of 1904 are secured by deposit of $25,000,000 collateral
trust bonds of 1899.
V. 78, p. 1448.
The convertible 4s of 1906 ($150,000,000 authorized Issue), of which
$100,000,000 have been sold for delivery as required to provide for Improvements and extensions during two or three years and the payment
of the $20,000,000 notes on May 1 1907, are to be ratably secured by
any future mtge. or collateral trust Indenture. They are subject to call
on and after March 1 1914 at 105, and convertible Into stock at 140 after
March 1 ]•.)»',) and before March 1 1918; and In the meantime up to 30 days
prior to any date of redemption, provision being made to protect the
nolders as to the convertible rate In the event of the Issue of new stock.
See V. 82, p. 394, 571. 699.
REPORT -Report for 1905 In V. 82, p, 689, 697. Reports of sub-companies for 1903 were In V. 82, p. 1374-8; V. 83, p. 93.
Year ending Dec. 31.
1905.
1903.
1904.
Total gross earnings . _.
$21 ,712,831 $18,546,659 $16,545,632
Surplus over Interest charges-11,275,702
10,564,665
13,034,038
Paid dividends (7 M%) --9,866,355
8,619,151
9,799,117
DIRECTORS.—Fred, P. Fish (Pres.) Chas. W. Amory. Geo. F. Baker,
Francis Blake, Chas. P. Bowdltoh, Alexander Cochrane, T. Jefferson
Coolldge Jr., W. Murray Crane, Henry S. Howe, Chas. E. Hubbard (Sec),
Chas. E. Perkins, wniiam Lowell Putnam, Thomas Sanders, Nathaniel
Thayer. Theodore .\. Vail, John 1. Waterbury and Moses Williams and
ThOS. li. Bailey. Treas. Is Win. R. Driver.
Office, 125 Milk Street,
(V. 82. p. 989, 15k, i.t.s 1,
m v 83, p. 98.)
Boston, Mass.
AMERICAN THREAD CO. incorporated In X. J. March 10 1898.
IV. 67. |). 1158.)
Stock. 56,011(1.(1(10 common (S3. 50 per $5 share paid
in, understood to be entirely owned by the English Sewing Cotton Co.);
$6,000,000 :,"'„ cum. pref. GlOld or £); Issued (4,890,475, par Of shares.
$5.
Dividend 00 pref July 1899 to July 1:105, inclusive, 5";, per am
Ilrsl dlv. on common. 30 els. per
h;n. (or
<2K'\'. semi an).
on
amount paid liu paid oul Ol ai
eis. (10 %);
Ol 1899 0; lii 11)00 01
in 1901 02, Done; ta 1902-03, 11 cts. (4%); in July loot, 56 cts. (16%);
In July 1905, 2.s ets. (8 %.)
BONDS. See application to list In full, V. 70, p. 179; also V. 70, p. 207.
in 1901 purchased rout mi ol Wool Exchange Co., owning building 260 West
Broadway, subject to Qrsl mtge, ol $450,000.
V. 73. p, 289, 398, 446.
REPORT. Report fa
ndlng March 31 1905, with balance sheet,
In v. 8i, p. 153, showed
Grow proni ,81,167,291; depreciation, 9345,808;
bond Interest, 8236,450; dividend on pref,
toes (5%), (244,524; dlv.
on com. stock (8 %i $;t.'sr, .000; hai.. sur, foi pear, (4,509, Total surplus,
$302. 132.
Pres., T. 0. Waterhouse; See. and Treas,, Theo. \i. Ives,
260 W. Broadway, x. v. -iv. «i.1p. is.t.i
—
—
7H%
—
-
,
1
1
1
:
.
1
I
1
,
%
;!.->
,
din
AMERICAN TOBACCO
CO. ORGANIZATION.
Incorporated
on Oct. 20 1904 as an amalgamation, under the laws of New Jersey, per
lan V. 79, p. 1024, of the American, thi
00 Olldated and the Oontlll
1
I
4%
—
STOCK. Of the stock $1,310,900 pref. and (59,757,550 com. are reserved.
The pref. stock has voting power only as the statute expressly
gives the power to vote.
See V. 79, p. 1025: V. 80, p. 167.
DIVIDENDS.—
%
%
—
BONDS. No mortgage on the property or specific charge on earnings
shall be created except In express subordination to the rights of the holders
The rights of the 6s are prior to those of the 4s.
of both Issues of bonds.
A sink. fund, of $500,000 Is to be paid annually to trustee of 6 bonds for
their purchase In the open market at not exceeding 120, the money, In case
they cannot be obtained, to be returned to company. See V. 79, p 1956;
In Jan. 1905 $51,210,200 of the $56,090,400 6
V. 80, p. 167.
bonds and
bonds authorized had been listed, with
$72,757,400 of the $78,689,000 4
In Dec. 1905 (15.authority to list the balance as exchanged under plan.
bonds purchased In the open market were canceled, re200,000 of the 4
ducing the amount outstanding to $57,557,200. V. 81, p. 1611.
%
%
%
%
—
REPORT. Report for year ending Dec. 31 1905 In V. 82, p. 624,
showed net earnings, (25,212,285, against (22,304,696 In 1904; premium on
6% bonds purchased, (59,744; Int. on bonds, (6,226,644; dlv. on com.
stock (20%), $8,048,480; dividend on pref. stock (6%), $4,721,346, bal.,
sur.. (6,156,071.
DIRECTORS.— James
B. Duke (President) , John B. Cobb, William
Percival L. Hill (Vice-Presidents); Secretary, William
H. McAllister; George Arents, Anthony N. Brady, Paul Brown,
Thomas Dolan, Benjamin N. Duke, Robert B. Dula, Pierre Lorlllard.
Thomas J. Maloney, Rufus L. Patterson. Oliver H. Payne, Frank H.
Ray, Thomas F. Ryan, Grant B. Schley, Charles E. Halllwell, George A.
Helme, Charles S. Keene, Herbert D. Kingsbury, Robert A. C. Smith,
Robert K. Smith, Charles N. Strotz. George W. Watts, Harry Welsslnger.
Peter A. B. Widener. Treasurer Is John M. W. Hicks.
Office, 111 Broadway, N. Y.— (V. 81, p. 1725; V. 82, p. 624 630, 1324.)
R.
Harris
and
AMERICAN TYPE FOUNDERS
CO.
— Incorporated
In
1892 under laws
In 1896 the capital stock was readjusted.
of N. J.. V. 55, p. 625, and adv.
Bills payable Aug. 31 1905, (956,828.
New plant, V. 77
V. 62, p. 682.
1703.
p. 1292; V. 79, p.
per an.
Dlv. on com.. April 1898 to July 1906 Incl., 4
In addition In
scrip was paid.
scrip and in April 1903
Dlv. on pref.
Jan. 1902 6
quarterly.
paid July 1902 to July 1906 Incl., 1
H%
ANNUAL REPORT. — Report
showed gross
p. 1313,
%
3%
%
for year ending Aug. 31 1905, In V. 81
profits after deducting expenses. (434.471: Int. cligs.
(4 %)
(160,000: dlv. on pref., (127,-
(104.957; net, (329,514; dlv. on com.
Pres., R.
708; bal., sur., (41.806.
Jersey City.— (V. 81, p. 1313.)
,
W.
Nelson, 300
Communlpaw
Ave.,
AMERICAN WALTHAM WATCH.— Sec Waltham Watch Co.
AMERICAN WINDOW GLASS MACHINE CO.— ORGANIZATION.
V. 76. p. 596.
Incorporated In N. J. on Mar. 6 1903.
Owns exclusive
rights to certain window-glass machine patents In the U. S.
See V. 76,
In Mar. 1903 purchased nearly all of com. stock of Amer.
p. 596, 707.
Window Glass Co. and leased patent rights to latter on royalty. V. 76.
Debentures, (5,000,000. See
p. 707, 867: V. 77, p. 2282: V. 79, p. 2644.
table above.
Stock authorized, com (13,000,000; pref., 7
cum., (7,000,000; par of shares, (100; of this, $6,449,000 com. and $500,000 pref. were
issued to acquire patent rights and $6,500,000 of each were available for
purchase of (13, 000, 000 Amer. Window Class com. stock; outstanding, see
The Window Glass Co.'s (4,000,000 cum. pref. stock (In
table above.
per annum as
shares of (100) was to be protected In Its right to dlvs. of 7
paid Mar. 1900 to Mar. 1903 semi-annually; no dlvs. paid since to July 1906
V. 76. p. 707.
Inclusive.
Pres., W. K. McMtillln; Sec. and Treas.. A. E. Braun, Pittsburgh, Pa.
(V. 77. p. 2282: V. 79. p. 2644: V. 80, p. 1015, 1974.)
STOCK.—
%
,
%
American woolen CO.— ORGANIZATION.— Incorporated Mar. 29
1899 under laws of N. J. as a consolidation of the Washington Mills. LawNational Providence Mills. Providence, R. I., &c, sec V 68,
rence, Mass
p. 472: sec also p. 617: V. 69, p. 77: V. 73. p. 446, V. 73, p. 446; V. 71, p.645.
Statement to Stock Exchange, V. 71.
List of properties, v. 78, p. 1118.
:
.
p. 1316.
The Wood Worsted
Mill C01 pen .1! Inn whose $1,000,000 stock Is owned.
building a large mill at South Lawrence, Mass.. for the manufacture of
yarns and men's wear fabrics: its (3,500,000 nines, guaranteed prln.and int.
mature $.".00,000 Mar. nun. $2,000,000 Sept. 1010 and $1 ,000.000 Mai
V. 81, p. 900, 842,
1911.
STOCK. Authorised by Stockholders. $25.0O0,00O pref. and $40.000, 000
,01
torn,, $29,501,100.
Stockholders
com. Outstanding, pref. 825,
I90owere offered the rlghl to subscribe to the (5,000,000
of record Aug.
Aug. 15 ami 50
Sept.
1905. to
al par. payable (
5
treasury pref,
V, 81, p. 267.
Dlvs.on pref. July 1899 to Julj
provide working capital,
1906 both Inclusive, 796 per annum (Q.-J. 15).
EARNINGS.— Report for year ending Dec. ;n 1005, In V. 82. p. 566.
showed:
Net profits, 14,781,158; previous sur
18,196,925; dlvs. at
per annum. 81,560,417; depreciation, $1,867,888; net sur., $10,049,828.
,
Is
.
1
%
.
DIRECTORS.—Wm.
lev,
Edwin
Woodhull.
Treas.,
Office,
M.
0. Swift (dce'd).
Samuel >'. Colt,
1
7%
Wood
U'rcs.t. Frederick Aver, Geo. L. Shcp
John Hogg, Francis W. Klttredge. J. Clifford
Geo. E, BUllard and Andrew G. Pierce Jr;
W. II. Dwelly Jr.; Asst.
Ames Building, Boston.
— W. A. Currier; Sec.. Jos. T. Shaw
(V. 82. p. S66.)
Treas.,
Mass.
INDUSTRIAL STOCKS AND BONDS.
July, 190G.
Date
column headings, &c,
of
first
page of
notes
of
Par
Amount
Bonds
Value.
Outstanding
on
tables.
,
—
Glass Machine Common stock $13,000,000.
Pref stock, 7 p c cum, $7,000,000
Debentures $5,000,000 gold due $1,000,000 yearly red par
American Woolen Common stock $40,000,000 authorized..
cumulative, also assets
Preferred stock 7
Wood Worsted Mill Corp con & equip notes guar p & 1 (test)
American Writing Paper Common stock $11 .500,000
cumulative $12,500,000
Preferred stock
s f gold $17,000,000 call after July '09 at 105-OB.c*
First
Associated Merchants Common stock
First pref 5% cum, also assets. $10,000,000 conv (text)..
cum. also assets $10,000,000 (see text)..
Second pref
Barney & Smith Car Common stock, to be $2,000,000
cumulative $2,500,000
Preferred 8
First mortgage $2,000,000 gold red 110
Bethlehem Steel Corporation Common stock $15,000,000. .
non-cumulative $ 1 5 ,000 ,000 (also assets) _ _
Pref stock 7
for Beth Iron gold. G Pc* &r
Bethlehem Steel purch money
assumed by Beth Steel Co s f. FP.c*
Bethlehem Iron first
$12,000,000 gold gu red 105. Mo. c*
Co 1st ext
Beth Steel
Borden's Condensed Milk Common stock $17,500,000
cumulative $7,500,000 redeemable at 110
Preferred 6
c'&r
Brooklyn Ferry Brooklyn & N Y Ferry 1st
K.c*
Consolidated mortgage $7,500 ,000
Brooklyn Union Gas Stock $ad,000,000
First cons $15,000 ,000 g (for underlying bonds see text) . . G
Debentures convertible after March 1907
Amer Window
.
see
—
$100 $12 557,794
6 557,794
5 000,000
29 501.100
25 000,000
%
•
—
•
7%
M
6%
%
1905
,
1899
—
—
1906
—
%
M
M
M
1901
1886
1906
—
%
—
I
,000
100
100
M
1886
1898
—
500 &c
1,000
100
1,000
1895
1904
500 &c
—
AMERICAN WRITING PAPER CO. ORGANIZATION.— Incorporated in N. J. on June 25 1899 as a consolidation of fine writing paper mills.
See prospectus, V. 69, p. 25. 128, 227: V. 80, p. 1172. See V. 70, p. 998.
Ot the $17,000,000 bonds $695,000 were in s. f. Jan. 1906 and $1,000,000
V. 76, p. 540. Report for cal. year 1905,
In the treasury uncanceled.
with ba!. sheet, in V. 82, p. 450. 689, showing: Net Income, $1,429,977;
Int. on bonds, construction, depreciation, &c, $1,165,341; bal., sur.,
$264,636.
OFFICERS. Pres., W. N. Caldwell; Treas.. George B. Holbrook;
Sec, E. H. Hall, Holvoke, Mass. New directors Feb. 1906. V. 78, p. 1963;
(V. 80, p. 873, 1 172, 2459; V. 82, p. 450, 453, 689.)
V. 82, p. 453.
—
—
ANACONDA COPPER MINING. — V.
82, p. 754, 1153, 1498.
— ORGANIZATION. — Incorporated
Connecticut under special charter, and acquired $4,500,100
ASSOCIATED MERCHANTS' CO.
in April 1901 in
of the $9,000,000 stock of the H. B. Claflln Co.; 12,000 of the 18,000 shares
of pref. and 6,000 of the 18,000 shares of com. stock of the Adams Dry
Goods Co. and the business of James McCreery & Co. of 23d St. In Dec.
1901 purchased the business of Posner Bros, of Baltimore (now Stewart &
Co.) and In 1903 2,000 shares ($200,000) of the $250,000 com. stock of
In 1905 acquired
V. 77, p. 449. V. 73, p. 1358.
C. G. Gunther's Sons.
the business of H O'Neill & Co. of New York and J. N. Adam Co. of Buffalo.
The 1st pref. is exchangeable
V. 76. p. 540; V. 80, p. 1730; V. 81, p. 776.
In Oct. 1904
at par at holders' option into either com. or 2d pref. stock.
amended so that the 1st and 2d pref. are entitled to
the rights to dlvs. were
the com. shall
respectively for each 1
extra above 5 and 6
receive H
V. 79, p. 1706; V. 80, p. 118, 1915. Stockholders Nov.
receive over 7 %.
V. 81, p. 1317.
1905 subscribed for $2,250,000 new 1st pref. Jan. 5 1906.
Stockholders on April 18 1906 authorized an increase in the 2d pref.
$5,000,000 to $10,000,000, the new stock to be sold for not less
stock from
than par for the purchase of additional properties. V. 82, p. 807. 931.
DIVIDENDS. On pref. stocks, 5 on 1st pref. and 6 on 2d pref. to
extra,
on 1st pref. and 14
Oct. 1904 (Q.-J.); since to July 1905, 1 M
extra, and in Oct. 1905 to July 1906, Incl..
and on 2d pref. 1 H % and H
X extra on each. V. 80, p. 118. On com., Dec. 1902 to June 1906. incl ,
each extra, and since
quar., and from Dec. 1904 to June 1905 H
1 Vi
extra, V. 81. p. 728.
to June 1906 y
2
REPORT. Report for year ending Feb. 1 1906, with bal. sheet, was In
V. 82. p. 749. Pres., John Clanin. Office, Church and Worth St., N. Y.
(V. 82, p. 511, 749, 807, 931.)
BARNEY & SMITH CAR. Re-incorporated in Ohio in 1906. In Mch.
1905 the Gress Lumber Co. at Milltown, Ga., was acquired for a consideraV. 80, p. 1237.
tion reported as $300,000.
Pref. dividends resumed Dec. 1899, 2% quar. to June 1906, incl.; 36% in
com. stock paid May 1906 for deferred dividends. V. 82, p. 695, 1042.
Stockholders voted April 10 1906 to re-incorporate under the laws
bonds and Issue $2,000,of Ohio, redeem the outstanding $1 .000.000 of 6
000 of 5
bonds as of July 1 and Increase the com. stock from $1 ,000,000
to $2,000,000. the pref. stock to receive 36 % in com. stock in payment of
back dlvs. This will allow of divs. to be paid on the com. stock. See plan
V. 82, p. 695, 1158, 1498.
REPORT. Report for year ending Mch. 31 1906, V. 82, p. 1495.
Bal., sur.
Bad debts, &c. Interest. Pref.div.
Net.
Year,
$200,000
$279,264
1905-06
$60,000
n$539,264
def. 146,914
60,000
200,000
1904-05.
180,332
67,245
u Incl. $68,026 increase in value of Southern Pine Timber at Milltown, Ga.
(V. 83, p. 40.)
Office, Dayton, O.
Pres., James D. Piatt.
IncorBETHLEHEM STEEL CORPORATION.—
porated in X. J. on Dec. 10 1904 as successor per plan, V. 78, p. 587, of the
U. S. Shipbuilding Co., and acquired the ent're stock of the Bethlehem Steel
Co. (see ••Supp.,"Oct. 1902, and V. 78, p. 227) and the entire capital stocks
of the following shipbuilding concerns:
Union Iron Works, San Francisco: Samuel L. Moore & Sons Co., Elizabethport, N. J.: Eastern Shipbuilding Co.. New London, Conn. (V. 82.
Harlan & Hollingsworth Co., Wilmington, Del.; Carteret, N. J.
p. :>71);
Improvement Co., all "free from liens." See V. 82, p. 1050.
DIVIDENDS. 1 M quar. paid Aug. 1905 to May 1906, both inclusive.
BONDS.— The Bethlehem Steel Co.'s 1st extension 5s ($12,000,000 authorized issue), guaranteed prin. and int. by the new corporation, are secured by a first lien on about 250 acres acquired at Bethlehem ami the improvements to be erected thereon. An annual s. f. of $300 000 will begin
July 1908.
In Xov. 1905 $8,000,000 were sold.
V. 81, p. 1612; V. 82
p. 282. 1050, 1 199.
UKPORT. Report for calendar year 1905 at length in V. 82, p. 1050,
showed: Total net income, including subsidiary cos., $3,622,476; bond
interest, all cos., (561,405; special reserves. $295,671; depreciation, $400,(ioo: div. on pref. (3^%), $521,780; bal., sur.. $1,843,619.
(
IS.— Pres. Charles M Set) wab; Vice- Pres. Archibald Johntson;
2d VIce-Pres., Henry S. Snyder; See. and Treas., B. H. Jones; Asst. Treas.,
John A. McGregor. Office, 100 Broadwav, N. Y.
%
%
%
—
%
%
%
%
%
%
—
%
%
%
—
—
%
%
—
—
ORGANIZATION—
—
%
—
(
)
I
'
I
'
i
'
I
; 1
,
.
.
—
C. M. Schwab (Chairman), George R. Sheldon. Thomas
Ryan, John E. Borne. Pliny l-'isk, Edward M. Mcllvaln, Archibald
Johnston, C. W. Wetmore and Oliver Wren.
Office, loo Broadway, N. V.
—(V. 81, p. 1612; V. 82, p. 168, 282, 571 807, 1039, 1050, 1499.)
DIRECTORS.
1".
,
BORDEN'S CONDENSED MILK CO.— ORGANIZATION.— IncorporJ. on April 24 1899.
V. 68, p. 821: V. 69, p. 195; V. 74, p 97,
70 p. 656.
Pref. stock Is redeemable at 1 10 after-3 years from issue
than the whole to be paid, the number of shares to be drawn by lot).
Dlvs. on pref. to.Iune 1906 incl., 6
On com., In 1902,
yearly (Q.-M.).
8%: 1903, 8%, and In Dec. \y
(F.&A.), and
extra: 1904 and 1905,
2
In Dec.
extra; 1906, Feb.. 4%.
No bonds.
Pres
William I Rogers- V.-P S. Freder'r Taylor; Treas F. D. Shove.
Sec,, Walter M Cladding, 108 Hudson St., X. Y.
(V. 80, p. 873.)
ated
In
N.
1
V
571):
(If less
%
2%
.
,
.
%
8%
—
,
BROOKLYN FERRY. — ORGAXIZATIOX. — Owns
ferries from Roosevelt St.. Grand St., 23d st. and 42d St.. x. v.. to Broadway, Brooklyn,
and from Grand St. X. Y. to Grand St. Brooklyn; also leases Tenth &
Twenty-third St. Ferry for 99 years from Dec. 1898 at 5% on $550,000
bonds and 5% on $1,000,000 stock. V. 67, p. 1206. Statement to X. Y.
Stoel; Exchange, V, 89, p. 1102.
Mtge. covers real estate In Brooklyn and
X. Y. and 16 steel boats.
Stock authorized, $7,500,000; Issued, so.r.oo.OOO;
par. $100.
Report for calendar vcar 1903, V. 78. p. 1277, showed:
$1,420,495: net. $612,422: interest on bonds, $385,000; rentals, $77,500;
(
bal., sur..
$149,922. — (V. 81, p. 267.)
BROOKLYN UNION GAS.— Incorporated In N. Y. State Sept. 9 1805.
per plan V. 61. p. 831, and V. 62. p. 1141; V. 64, p. 887; V. 80, p. 1854.
Suit to test validity of 80-cent gas law, V. 82. p. 1042, 1108, 1214.
STOCK, &c. Stock was authorized Dec. 30 1903 to be Increased from
—
%
Q— J
M
4X
9 500,000
15 Guaranty" Trust
&
12 500,000)
15 305,000!
5g J
6 005,000 See text.
6 171,500 See text.
5 073,500 See text.
2 000,000
2 500,000 8 in 1905
2 000.000
J
5 £
14 862.000J
Q
14 908.000 See text.
6 g
7 408,000
5
F
1 351,000
5 g
3 500,000
!J
17 500,000 10 in '05F
Q
7 500,000 6 In 1905
1 000,000
6
iJ
500,000i
5 g
iF
6
J
Q—
Q—
Q—
Q—
—
Q—
IS 000,000 See text.
14 647,000
5 g
3 000,000,
6
1
Last
Dividend.
Co
,~
NYJ
.
'
til
1908-1912
1
y 1 6 '06~, i
Mch
'
%.
Mch
1 0-
'
%
1
OldColonyTr Co. Boston July 1 1919
Hudson Tr, Hoboken.N J Junel'06, 2M
do
do
&
Stocks
Bk, Pitts Feb
S
&
by
Whom.
& A Farm Dep Nat
F
1905
7 in
Where Payable,
Payable.
6g
3 500,000'
100
100
1,000
100
100
100
100
100
1,000
100
100
1.000
1.000
When
Rate
100
1,000
100
100
1905
Prlnci-
\
pal.
Size, or
j
4
— Bonds—— Due.
When
and
INTEREST OR DIVIDENDS.
MISCELLANEO US.
For explanation
)
If-
do
do
J Guaranty Trust Co,
%
%
%
2%
Julyl6'06.1H
Julyl6'06,l%
N Y
Junel 1906
July
1
May
Aug
1936
'06,1
1
H%
Girard Trust Co, Phila
1
1998
A Fidelity Trust Co, Phila Feb 1907
J
Jan 1 1926
&
&
&
Trust Co, N Y
— A New YorkBank, Brookl'n
& J First Nat
& A H B Hollins & Co, N Y
Q—
By check from Co's office
M & N Chase Nat Bank, N Y
M & S National City Bank, N Y
-
Feb 15 06, 4
Junel5'06,lH
Jan 1 1911
Aug
1
1948
Junel 1906.
May
Mch
1
1
%
%
1
1945
1909
%
$15,000,000 to $20,000,000 for extensions and improvements. The debentures are convertible into stock at par after Mch. 1 1907. V. 77, p. 2341;
V. 78, p. 289.
DIVIDENDS. 11896-1900. 1901-1903. 1904. 1905.
1906.
Percent
6 yearly.
8 yearly.
9J4
J
8M Mch., 2; June, 1
BONDS. Mortgage of 1895 Is for $15 ,000,000 of bonds, subject to:
Bonds.
Interest.
Outstanding.
Maturity.
Citizens' Gas con.
F.&A.
$266,000
Feb. 1 1940
Union Gas L. con
5%J.&J.
87 000
Jan. 1 1920
Assets and liabilities Oct. 1 1905 V. 82, p. 931.
REPORT. Report for year ending Dec. 31 1904 In V. 80, p. 1853.
Pres., James Jourdan; Treas., E. R. Chapman.
Office. 180 Remsen St.,
Brooklyn, N. Y.
(V. 81, p. 33, 156; V. 82, p. 931, 1042, 1103, 1214.)
(GA.) DOCK & CITY IMPROVEMENT CO. Successor'to
Brunswick Co. per plan In V. 65, p. 326; see also V. 66, p. 1034. Official
statement showing properties, &c, and balance sheet Mch. 31 1905, V.181,
Stock, $5,000,000.
In Dec. 1905 control was changed. V. 81, p.
p. 612.
1794.
Pres., Howel H. Barnes; V.-P., John A. L. Campbell; Sec. and
Treas., A. G. Kraetzer Jr., 20 Broad St., N. Y.
(V. 81 p. 612, 1794.)
BUFFALO GAS. Organized in Oct. 1899 and consolidated the Buffalo
City Gas Co. and Buffalo Gas Light Co.
See listing, V. 77, p. 34. Stock,
common, $7,000,000; pref.,
non-cum., $2,000,000, of which $1,713,000
outstanding; par, $100.
In April 1906, J. & W. Seligman & Co. requested
bondholders to communicate with them regarding certain matters which
had not yet taken definite shape. V. 82, p. 989.
Oct. 1 to May 31 1906, 8 months, net, $259,404. Report for year ending Sept. 30 1905 In V. 81, p. 1663, showed net, $324,104; int. on bonds,
A. C. Humphreys, 31 Nassau St., Pres.
$290,250; bal., sur., $33,854.
V. 79, p. 2585; V. 81, p. 1663; V. 82, p. 989.)
BUFFALO &
IRON COMPANY. (See Map.) ORGANIZATION. Incorporated In New York May 14 1902 and owns 50 acres
on Buffalo Harbor, South Buffalo, N. Y., on which has been built a plant
with two blast furnaces having a capacity of about 700 tons of pig Iron daily.
One furnace operated since Sept. 1904; second furnace since July 1905.
Leases for 50 years ore lands in Mesaba range, near Hibblng, Minn., and in
Menominee range at Iron Mountain, Mich., and coal lands at Tyler and
Sykesville, Pa., in the well known Reynoldsville basin.
Affiliated with the
Buffalo & Susquehanna Ry., which is building extension to Buffalo. See
that co. under •'Railroads"; also V. 74, p. 1040, 1092; V. 75, p. 795; V. 76. p.
596; V. 78, p. 770; V. 79, p. 1463, 2061, 2091-2.
First
Stock, $1,000,000.
dividend. 15% paid June 1906. V. 82, p. 1214.
Application to list showing properties owned, balance sheet April 30
1906, &c, was in V. 83, p. 101.
BONDS. The $3,000,000 1st mortgage gold 5s of 1902 (N. Y.
Trust Co., trustee) are due June 1 1932 but are subject to call as an entire
issue at 107 \4 and interest on any interest day after Dec. 1 1907; they are
also redeemable at par for the sinking fund in the order of their number
beginning at the lowest number at the rate of $100,000 yearly from June 1
1907 to June 1 1931 both Inclusive. An authorized issue of $1 ,500,000 (all
outstanding) 20-year 5
debentures sold to Flsk & Robinson Jan. 1 1906,
proceeds of sale for purchase of additional ore properties and additional
working capital. The debentures are to be secured by any future mtge.
placed on the property. See V. 82 p. 220.
EARNINGS. 10 months ended April 30 1906: Net, $500,458; charges
$157,310; surplus, $343,148.
Directors— VVm. A. Rogers (Pres.), F. H. Goodyear (1st V.-P.), C. W.
Goodyear (2nd V.-P.), Hugh Kennedy (Gen. Man.) and S. M. Clement.
Sec. and Treas., H. D. Carson.
(V. 82, p. 220, 1214; V. 83, p. 98, 100.)
BUSH TERMINAL COMPANY. ORGANIZATION, &c. Incorporated in New York on Feb. 14 1902 (V. 74, p. 477) Owns extensive terminals
on the water front, 41st to 51st streets, Brooklyn, covering city blocks,
5 piers, each M mile in length, a large number of warehouses, railroad tracks,
&c; also real estate covering 9 blocks between 28th and 37th streets, to be
improved with factories and other buildings. See statement V. 76, p. 974,
1032; V. 77, p. 1227; V. 79, p. 1956: V. 82, p. 1039.
SECURITIES. Stock authorized, $7,000,000 common (par of shares,
S100 each) of which $3,500,000 Is outstanding, the balance being reserved
for the conversion of 1st 4s of 1902 at option of the holders, dollar for dollar.
on or before Jan. 1 1910. Div. on pref.. 5 %, paid Feb. 1906.
Of the 50-year consol. 5s, $1 ,500,000 was Issued in part payment for the
Bush Co., Ltd., $4,459,000 is reserved to retire the 1st 4s of 1902, a $300,000
mtge. on the Bush Co. property and a S700.000 real estate nitre., the
latter covering 9 blocks between 28th and 37th streets, and $4,041,000 was
applicable for general purposes, of which $2,500,000 has been sold: of the
latter, $1 500.000 In Oct. 1905 to be Issued within a \ ear. as required, making $4,000,000 outstanding.
V. 79, p. 1956; V. 80, p. 999, 1005, 1177:
V. 81. p. 1243.
for year ending Dec. 31 1905 In V.
82, p. 927 showed
gross, $740,954; net, $429,407: charges, $309,334; bal., sur., $120,073.
Pres., Irving T. Bush; V.-P., C. J. Lawrence: Treas., R. Gould Simonds;
Sec.F. B.Studwell. Office, 100 Broad St., N. Y.- (V. 82, p. 1039,1441.)
—
—
M
M
5%
—
—
—
BRUNSWICK
—
—
•
,
•
6%
—
SUSQUEHANNA
—
—
,
%
—
,
—
—
—
.
—
,
.
REPORT
BUTTE COALITION MINING CO.— ORGANIZATION.
Incorporated
the
Feb. 24 1906 In New Jersey and owns the entire ($11,000
Red Metal Mining Co., an operating company which acquired the mining
Also lias over
properties of the United Copper Co.
V. 82, p. 396, 511.
$3,000,000 cash and owns a majority oi the stock (400,000 shares) Of the
Mice Gold & Sliver Mining Co. (of Butte)
Stock, S
10; par Of
Pres., Thorn.
hares, $15
Balance sheet May 18 1906, \ 83, p. 98.
Directors,
Cole. Duluth. Minn.: VIce-Pres., John D. Ryan, Butte. Mont.
V. 82, p. 51 .— (V. 82. p. 511; V. 83, p. 98
'
.
.
1
I
BUTTE ELECTRIC & POWER CO.—ORGANIZ \TIOX.— Incorporated
X. J. In 1901 as a consolidation of the light and power companies In
Mont., and vicinity.
V. 72. p. 1190; V. 73, p. 139: V. 81, P- 615, 1045;
Controlled by North American Co., General Electric
V. 82. p. 394, 1441.
parties being also Interested.
STOCK.— Common stock was Increased Feb. loofi from $2,000,000 to
$5,000,000, of the new stock- $1 .000.000 being taken bj stockholders to pur572,
V. 82, p. 89
electric railway and lighting plants In Mont
DIVIDENDS. On pref., lJi% paid Feb. 1902 to v
iald seml-an. Men.
declared payable during 1906.
on cor
15 1903 to Sept. 15 1905; Dee. 15 1905, 1%; In 1906, Mch., 1%: June,
In
i
1
.
.
I
of
BONDS.—Additional 1st 5s of 1901 may be Issued tor 75% of cost to
mature yearly
Of the bonds, $25,
extensions and Improvements.
1930, Incl., $320,000 In 1931 and balance, Including further amounts
V. 80, p. 713; \ 73. p 139;
able (total (2,786,000) will mature In 1951.
Madison River guar. 5s are subject to call at 105 on Feb. 1
V 82, p. 1111.
The unissued bonds are reserved for 80% of actual cost of ex
1907.
Montana Power TransV. 81. p. 615, 1045.
tensions and Improvements.
I
.
158
INDUSTRIAL STOCKS AND BONDS.
[Vol. lxxxiii.
July.
J
INDUSTRIAL STOCKS AND BONDS.
906.]
Date
column headings, &c,
of
see
of
on
notes
Par
Amount
Value.
Outstanding
Bonds
First
$5,900,000 redeem at 115 gold.. .N.c"
Buffalo Gas
Buffalo & Susquehanna Iron Stock $1,000.000
N.c*&r
First mortgage $3,000,000 gold red (text)
Debentures $1 ,500,000 gold red 105 after Sept 1910.K.c*&r
Bush Terminal Co Common stock $7,000,000
non-cumulative $1,500,000
Preferred 5
First
$3,500,000 (V 76 p 974) conv s f begin 1907,-K.c*
First consolidated mortgage $10,000,000
Butte Electric & Power Common stock $5,000,000 auth
cumulative $1,000,000.
Preferred stock
Usm.c*
First mortgage gold s f due part yearly June 1
Montana Power Transmission $750,000 g guar p&i red (text)
Madison River Power 1st
$5,000,000 g guar p&i red (text)
Butterick Co Stock $12,000,000 (bonds see text)
1897
M
—
%
M
—
5%
—
M
—
Calumet & Hecla Mining — Stock $2,500,000
Cambria Iron — Stock
% guaranteed)
Cambria Steel — Stock $50,000,000
Celluloid Co — Stock $6,000,000 authorized
Central Fireworks — Common stock $1,750,000
Preferred stock 7% cumulative $1,750,000
Central Foundry — Common stock $7,000,000
Preferred stock 7% cumulative $7,000,000
Debentures $4,000,000 gold redeemable at 105
Central Leather Co — Common stock $40,000,000
Preferred 7% cumulative $40,000,000 (also as to assets)..
1902
1906
1902
1905
1901
1903
1905
(4
bonds $45,000.000
U S Leather deb gold sink fd 4 % subject to call at 110_.Ce
Central & South American Telegraph
Stock $8,000.000
First lien gold
—
1899
,000
1
1,000
100
100
,000
1
1,000
100
100
1,000
500 &c
1,000
100
25
50
50
100
100
100
1,000
100
100
1905
1893
,000
100
—
—
—
—
—
,
—
—
6778888
—
,
—
—
—
—
,
—
—
,
%
ANNUAL
,
.
—
Ogden Armour, John J. Lapham, Paul M. Warburg, Lewis H. Laphani.
Frank Healy. L. C. Krauthoff, Geo. W. Chllds. Charles Wallen, Henry I'.
Darlington, C. Sumner Horton. OFFICERS.— Pres.. E. C. Hovt; Sec, H.
W. Hill: Treas., James R. Plum. N. Y. Offices, 52 William and 26 Ferry
Sts.— (V. 81, p. 1852; V. 82. p. 159, 507.)
CENTRAL & SOUTH AMERICAN TELEGRAPH.— Owns
cable from
Vera Cruz. Mex.. to Valparaiso. Chill, 4.750 miles, and land lines 350 miles.
&c. Also the Trans- Andine telegraph lines, l ,200 miles. Connects at Vera
Cruz with Mexican Telegraph Co., and owns an Interest in cable and duplicate cable between Galveston and Coatzaeoalcos, 825 miles, &c
Due.
pal.
$1,000
100
mission guar, bonds may be called in whole or part at 105 on Aug. 1 1908.
p. 615; V. 69, p. 1251.
EARNINGS. For calendar year 1905, gross, $674,756; net', $361,873;
interest charges, $166,700; sink, fund chges., $6,314; bal., sur., $188,859.
Pies., C. W. Wetmore; Sec. and Treas., P. E. Bisland.
N. Y. office. 30
Broad St. (V. 82, p. 394, 572. 1441.)
BUTTERICK CO.— ORGANIZATION.— Incorporated in N. Y. on Jan.
15 1902.
Owns stocks of various cos. publishing fashion magazines, manufacturing paper patterns, &c.
See official statement in V. 75, p. 237. Stock
Div., 1 % quar. paid Sept. 1902 to June 1906,
$12,000,000, all outstanding.
both incl. Underlying bonds, $1,200,000 Federal Pub. Co. collat. 6s due
1920, payable 10 % yearly, beginning 1910, of which $600,000 has been retired, and $600,000 Butterick Pub. Co. 4 V % real estate mtge., maturing
2
Sept. 7 1909.
V. 79, p. 1706.
Report for calendar year 1905 in V. 82, p.
1267, showed gross profits of operating cos., $702,112; net profits over
dividend, $480,000; bal., sur., $75,419.
reserve, &c, $555,419;
Pres.,
G. W. Wilder; Treas., C. D. Wilder; Sec, Ben Wood, Butterick Bldg.,
Spring and Macdougal Sts., New York City.
(V. 79, p. 1706; V. 80, p.
1727; V. 82, p. 989, 1158, 1267.)
CALUMET & HECLA MINING.— Stock, $2,500,000; par, $25.
DIVIDENDS. V97. '98. '99. '00. '01. '02. '03. '04. '05.
1906.
Per cent
J160 200 400 280 180 100 140 160 200 Incl.June,120
In 1905-06 produced 50,526 tons of refined copper, against 42,822 in
1903-04.
Report for year ending April 30 1905 in "Chronicle," July 28.
(V. 80, p. 873; V. 81, p. 267, 504, 670, 1552.)
CAMBRIA STEEL CO.— Incorporated In Pennsylvania In Nov. 1898, per
plan in V. 67, p. 688, leasing Cambria Iron Co. for 999 years at 4 % on its
$8,468,000 stock. V. 68, p. 128: V. 75, p. 443: V. 76, p. 862; V. 78, p.
1166.
Proposed improvements, V. 82, p. 1499.
In June 1901 a controlling interest was acquired by Penn. RR. and affiliated roads. V. 72, p. 1282, 1190; V. 73, p. 84, 393. Notes (5s) $565,000
due in 1906.
DIVIDENDS.— Since reorg.: 1902 toAug.!l906, incl., 3% yearly.
Report for year ending Dec. 31 1905, with balance sheet, was in V. 82, p.
689, showing net, $4,100,183: other income, $343,628; charges, $443,475;
dividends (3%), $1,350,000; betterments, improvements and depreciation
funds, $2,550,000; bal., sur., $100,336. Office, Arcade Bldg., Philadelphia.
Directors, V. 73, p. 339, 844.
(V. 82, p. 689, 1499.)
CELLULOID COMPANY.— ORGANIZATION. Incorporated Nov. 28
1890 in New Jersey. Stock, $6,000,000; issued, $5,925,000; par, $100.
"1*96. '97. '98. '99. '00. '01. '02. '03. '04. '05.
DIVID'S.
1906.
Percent
4
4}^
Incl. July, 3
]\\4
Factories at Newark, N. J.; office, 30 to 36 Washington Place, N. Y.
Pres., M. C. Lefferts; V.-P. L. E. Lefferts: 2d V.-P., D. G. Maynard; Treas.
F. R. Lefferts; Sec, J. R. Halsey.
(V. 82, p. 754.)
CENTRAL FIREWORKS CO.— ORGANIZATION.— Incorporated in
New Jersey June 1896. Properties controlled, see V. 72, p. 341. Divs. on
common: 2% yearly paid Aug. 1900 to Aug. 1903, both incl. (F.&A.); In
1904, Sept., V %; in 1905, Mch., 1 %,Sept., 1 %: in 1906, y %:onpref.,7%
2
2
yearlv to Mch. 1906 (M.&S.). There are no bonds. Pres., Wm. A. Turner;
Sec. & Treas., Geo. T. Egbert. Office, 9 and 11 Park Place, N. Y.
(V. 78,
p. 1500; V. 82, p. 989.)
CENTRAL FOUNDRY. Incorporated In New Jersey on July 11 1890
and acquired manufactories of soil pipe said to control 95 % of trade in the
U. S.; V. 69, p. 178; V. 71, p. 1222; V. 81, p. 779. Stock, see table above.
Report for year ending June 30 1905 was in V. 81, p. 724, showing: Profits,
$511,423; bond interest, $231,780; equipment, &c, $42,705; depreciation,
$236,938; bal., none. Directors, Aug. 1905, V. 79, p. 905; V. 81, p. 779.
Pres., Alfred Fowle Jr.; Sec. and Treas., W. L. Rogers.
Office, 116 Nassau
St. New York.
(V. 79. p. 784, 905; V. 81 p. 724, 779, 1612.)
CENTRAL LEATHER CO.— ORGANIZATION. Incorporated In New
Jersey on April 12 1905 as a reorganization, per plan V. 79, p. 2751, of the
U. S. Leather Co. (V. 56, p. 757; V. 57, p. 23; V. 71, p. 817; V. 81. p. 213.
560. 1176, 1852.) Output, sole leather.
The old U. S. Leather preferred
stock per $100 received In new securities $50 bonds, $50 preferred and $23 50
common stock, and the old common $30 in new common stock. In July
1905 $60,000,000 of the $62,882,300 common and $56,160,000 of the $62,282,300 U. S. Leather pref. stock (6% dividends paid on latter) had been
acquired.
Statement to N. Y. Stock Exchange showing properties acquired, rights of stock, &c, V. 81, p. 504; V. 82, p. 159.
STOCK AND BONDS. Stock authorized, $40,000,000 each of common
and 7 % cum. pref.; par, $100. Of the securities, $13,858,850 bonds, $8,858,850 pref. and $298,969 common stock were reserved to retire the old
debentures and for additional properties, working capital, &c The new
bonds will be secured by a 1st mtee. on all the assets and lands acquired
and, pending their physical acquisition, by the shares of the old company
(over 90 % acquired) and all the stock and bonds of Its subsidiaries, including the $9,000,000 1st mtge. 5 % 15-year sinking fund gold bonds and $10,000,000 stock of the Central Pennsvlvania Lumber Co. (authorized amount
$20,000,000). V. 76, p. 1196; V. 78. p. 50; V. 81, p. 1176.
Debentures have sinking fund 4 % of issue yearly, and are purchased or
drawn at 110; $9,653,000 have been certified, but on Dec. 31 1904 only $5,280,000 outstanding and SI ,400.000 In the treasury; of the latter about
$400,000 retired by slnklner fund and canceled Aug. 1 1902. V. 74. p. 732.
See adv. In "Chronicle" of May 6 1893 and application in V. 57, p. 23.
DIVIDENDS.— Oct. 1905 to July 1906, both incl., 1 «
quarterly.
REPORT.— Fiscal year ends Dec. 31. Report for period ending Dec. 31 1905, with balance sheet and bal. sheet of U. S. Leather Co.,
was In V. 82, p. 507, showing: Total Income. $1,205,791; expenses. Int.. &c,
$569,456; dividends paid Oct. 1 1905 $518,297; bal. sur. $1 18 .038. Report
of old company for 1904 was In V. 80, p. 870; V. 81, p. 208, showing:
Yr.
Receipts. Admin.exp. Taxes, &c.
All int.
Bal.. sur.
Pref. div.
1904 ..$4,928,862 $416,552 $174,021
$497,045 $3,733,938 (107.300
1903 .. 4.830,834
394,095
146,870
497,794
3,738.938
58.137
DIRECTORS.— Edward C. Hoyt, A. Augustus Hcalv, Walter G. Garrltt,
P. A. Valentine, Nathan Allen, Euguene Horton, Samuel P. Davldire, J.
V. 81,
Prlnci-
Size, or
first 'page of tables.
—
— Bonds——
When
INTEREST OR DIVIDENDS.
MISCELLANEO VS.
For explanation
159
When
Rate
$5,805,000
1,000,000
3,000,000
1,500,000
3,500,000
1,500,000
3,417,000
See text.
3,000,000
1,000,000
2.134.000
600,000
1,000,000
12,000.000
2,500,000
8,468,000
45,000,000
5.925,000
1,406,800
1,267,200
6,650,000
6,650,000
3,863.000
38.110,900
30,533,900
33,882,000
5,280,000
7,725.600
Where Payable
and by
5 g
A & O Standard Trust Co,
See text. See text.
D Flsk & Robinson, N
5g J
do
do
S
5g IM
5 in 19061..
Oct 1 1947
June 15 '06 15
June 1 1932
Jan 1 1926
Feb
5 g
iJ
text.! Q
5 in 1905;
Q
5 g
J
5 g
IF
F
5 g
4 in 1905
Q
200 In '05 Q
1905 A
1906 F
—
A
30 Broad" Street
& O Checks mailed
& A
do
Office, 30 Wash
Q —J
See text.
M &S
8 in 1905
See text.
7 in 1905
M
6g
See text.,
5 g
A
6 g
6 In 1905
& N
Q
5%
1952
1955
Jan 1
June 15 '06,1
Junel '06,1 X
June 1 '07-'51
%
%
1933
1935
1
1
Feb
June 1906 1 %
Jne22 "06, 60%
Apr 2 '06, 2%
N Y
PI.
Aug
15 '06, 75c
July 2
'06.
1H %
H%
March 1906
Checks mailed
do
I
NY
.
%
Mch
do
Baring, Magoun
&
Co, NY
'06, ZVi
May
1
%
1919
New York
— J O Central Trust Co.
&
M & N
1
1
NY Aug
& A
&
—
—
1906,
April
Knickerbocker Tr Co, NY
& J Title Guar & Tr Co, N Y
-M15 Checks mailed.
do
& D U S Mort & Tr Co
See
Q— J
'85.
DIVIDENDS. —
4
J
In 1890 20% in stock.
EARNINGS. — For 6 mos.
1
Percent
mos.
1906 (est.)
1905 (est.)
N Y
A & O
4 g
4 in
3 in
Stocks Last
Dividend.
Whom.
Pat/able.
July2 '06, 1% %
N Y April 1 1925
N Y; & Boston May
1913
66 B'way, N Y
July6 '06, 1H %
Park Bk.
Office,
'86.
4
1
'87. '88-96.
6 7 y'rly.
1898 to July 1906.
6 yearly (Q.-J.)
'97.
6%
ending June 30 (partly estimated):
Net.
Other inc.
Dividends.
Bal., sur.
$695,000 $479,000 $12,000
(3%) $231 ,768 $259,232
611,500
403,000
15,500
(3%) 231,768
186,732
Report for year ending Dec. 31 1905 was in V. 82, p. 1495, showing gross
earnings, $1,316,249; net, $885,300; dividends (6%) $463,536; renewals,
$43,374; bal., sur., $378,390.
Year 1904, gross, $1,140,454; net, $727,032;
dividends, $463,536.
Office, 66 B'way.
(V. 82, p. 1495, 1498.)
Gross.
6
—
CENTRAL UNION TELEPHONE (CHICAGO) .—The company
controls
the Bell telephone business in Indiana, in Ohio with the exception of Cleveland and Cincinnati, and in Illinois excepting Cook and four other counties.
Subscribers Jan. 1906, 203,828.
V. 82, p. 630. Stock outstanding Dec. 31
1905, $5,450,927, of which $4,183,900 owned by Amer. Teleph. & Telegraph
Co. V. 73, p. 901. See V. 72, p. 1190; V. 73, p. 618; V. 81, p. 213. Sublicensees, V. 82, p. 1375; V. 83, p. 98.
Of the $6,000,000 10-20-year gold consol. 5s due Jan. 1 1919 (Old Colony
Trust Co. of Boston, trustee!, $2,500,000 are reserved for 1st 6s subject
to call at 105 after July 1 1906 (111. Trust & Savings Bank, trustee)
V. 73,
Business in 1905, V. 82,
p. 446; V. 68, p. 379, 472, 570; V. 71, p. 86.
Report for 1903 in V. 78, p. 341. Pres., L. G. Richardson.
p. 630.
Office, Majestic Bldg., Indianapolis.
(V. 82, p. 630, 1375; V. 83, p. 98.)
CHESAPEAKE & DELAWARE CANAL. Owns canal from Delaware
City to Chesapeake City, Md.
In June 1893 bondholders were asked to accept 4 % interest (in place of 5 %) until contingent fund, reduced to $49,613,
should again amount to $100,000. On June 28 1906 a law was signed providing for possible sale to U. S. Govt.
V. 83, p. 92.
Bonds, $2,602,950
(extended in 1886); due July 1 1916; int. J. & J. Interest is payable at the
office in Philadelphia.
Report for year ending May 31 1906 in V. 83, p. 92,
showed: Gross receipts, $179,383; maintenance of canal, $65,779; net,
$113,604; interest charges, $104,118: surplus, carried to contingent fund,
$9,486.
Stock, $1,903,238; par, $50.
Pres., Frank L. Neal.
Office, 528
Walnut St., Philadelphia. (V. 81, p. 209.)
CHESAPEAKE & OHIO CANAL.— "Supp." 1890; V. 81, p. 268.
CHICAGO EDISON CO. ORGANIZATION. Controls Edison patents
for electric lighting in Cook Co., 111., under perpetual license from Ed. Elec
Light Co. of N. Y.
In Jan. 1893 the Chicago Arc. Light Co. was purchased.
The Chicago Sectional Underground Co. is leased, its $227,000 4% bonds
being guaranteed, principal and interest, and interest on $33,000 5%.
See Commonwealth Electric Co. below.
STOCK. Stockholders in Mch. 1906 subscribed for $1,775,800 new stock
at par, raising amount outstanding to $13,614,440.
V. 82, p. 511.
DIVIDENDS.— 1889 to May 1906, incl., 8% per annum. (Q.-F.)
REPORT.— Report for year ending Mch. 31 was In V. 83, p. 33.
Year
Gross.
Dividends.
Bal., sur.
Net.
Charms.
1905-06
$4,744,823 $1,550,025 $463,976
(8%)$887,556 $198,493
1904-05
4,051,082
1,423,613
460,232
274,119
(8%) 789,262
Pres., Samuel Insull; Sec. and Treas., William A. Fox.
Office, 139
Adams St., Chicago. (V. 82, p. 511, 1441, 1499; V. 83, p. 33.)
.
—
—
—
—
—
—
—
—
CHICAGO JUNCTION RAILWAYS & UNION STOCK YARDS — ORGANIZATION. — Incorporated in 1890 in New Jersey, and purchased 98 %
of the stock of Union Stock Yards & Transit Co. of Chicago. Thus controls
over 450 acres of land (with one mile of water front) containing warehouses, sheds and pens to accommodate 75,000 cattle, 300,000 hogs, &c.
See Chicago Junction Ry. in "Railroads."
DIVIDENDS.— On pref., 6% yearly (Q.-J.). On common. 1891. 10%;
1892 to July 1906, inclusive, 8% yearly (Q.-J.).
V. 70, p. 328.
BONDS. The collateral trust bonds are secured by pledge of over
120,000 shares of the stock of Union Stock Yards & Transit Co. Of the
$14,000,000 4% bonds, $10,000,000 are reserved to take up the collateral
trust 5s.
See V. 70, p. 1251; V. 72, p. 389.
REPORT. Report for 1905 in V. 82, p. 564.
Year ending Dec. 31
1904.
1905.
1903.
Dividends of U. S. Y. Co., &c
$1,849,175
,531,282
$1,855,795
Balance previous year
522,922
893,679
681,685
General expenses, rents, &c
65,412
67,603
77.975
Interest on bonds
660,000
660,000
660,000
Dividends
910,000
910,000
910,000
Depreciation
55,000
,
—
—
Balance, surplus
Un.Stk.Yds.&Tr.Co.
—
1905.
$5,539,099
2,041,790
$1,101,499
1904.
$4,944,635
1,948.713
$893,679
$681,685
1902.
1903.
Gross earnings
$5,164,829
$4,547,197
Net earnings
2.075,360
2,062,824
DIRECTORS.— Nathaniel Thayer (Pres.), F. H. Prince (1st V.-P.)
Geo. P. Gardner (2d V.-P.), Gordon Abbott, E. N. Foss, Geo. H. Norman
and Mark T. Cox of Boston, and Chas. G. Dawes of Chicago: J. Kean,
N. J.: W. D. Guthrie, N. Y. N. Y. office, 25 Broad St.
(V. 82, p. 564
CHICAGO PNEUMATIC TOOL CO.— ORGANIZATION.— Incorporated
in New Jersey on Dec. 28 1901. and took over the Chicago Pneumatic Tool
Co., Boyer Machine Co. of Detroit, Standard Pneumatic Tool of Aurora,
111.; Canadian Pneumatic Tube Co., &c.
Owns entire £300,000 stock of
Consol. Pneumatic Tool Co. of London; V. 76. p. 379; V. 78, p. 1389;
V. 80, p. 648; V. 81, p. 33.
In 1904 the company began to manufacture
electric tools.
V. 79, p. 905; V. 80, p. 648.
In 1905 control of the Chicago Storage Battery and Philadelphia Pneumatic tool companies was acquired: also the Canadian Pneumatic Tool Co.
was acquired and the International Compressed Air & Electric Co.. Berlin,
organized.
V. 80, p. 714, 873, 1114; V. 82. p. 389.
In 1906 tire manufacture of rock drills was begun.
V. 81 p. 560.
1906
DIVID'S.— 11902 1903 1904
1905
Percent
6
/
7 \i V*.
Apr. 1 %. July, 1 %. Oct., 1 %. Incl. July, 3
BONDS. Of the bonds ($2,500,000 authorized) $2,300,000 has been
Issued, $208,000 having been redeemed by the sinking fund: mortgage
trustee, Lawyers' Title Insurance & Trust Co., New York.
They are
ject to call at 105 from .Jan
1907, or may be drawn by lot at same price
for a yearly sinking fund of $50,000.
V. 74, p. 208.
EARNINGS. For 3 mos. ending Mch. 31 1906, profits were $233.
"„
Int., depreciation, &c, $77,578; dl\ idend
$61 ,088; bal.. sur.. S94.r,:,7.
REPORT. Report for year ending Dec. 31 1905, with balance si
was In V. 82, p. 389, showing: Net profits, (852,612; Int. on bonds,
$115,000; sink, fund, $50,000; written off for depreciation, bad debts, Ac.
$127,927; dividends (4%), $244,551; bal., sur.. $315,134.
—
.
,
—
.
1
—
-
—
1
I
,
INDUSTRIAL STOCKS AND BONDS.
160
MISCELLANEO US.
INTEREST OR DIVIDENDS.
Date
For explanation
of
page of
Par
Amount
Rate
Value.
Outstanding)
%
—
Chicago Edison Stock $15.000.000
First mortgage $6,000,000 gold red par beginning July 1910
Debentures redeemable at par...
Chicago Junction Rys & Union Stock Yards Common stock
Preferred 6 % cumulative preferred also as to assets
$100 $13 614.440 8
1896
1893
—
Collateral trust gold $ or £
Ce.c*
Mortgage and coll trust ref gold bonds $14.000,000.. S.c'&r
1890
1900
— Stock $7,500.000
—
%
%
Fuel & Iron — Common stock $44,200,000 auth
Colorado
Preferred stock 8% cumulative $2.000,000
Chicago Pneumatic Tool Co
First mortgage gold redeemable (see text)
Claflin (H B) Company
Common stock
First preferred 5
gold cumulative., (preferred as to prin-1
Second preferred 6
cumulative
]pal and dividends.]
1901
Grand River Coal
Colorado Coal &
of Properties Controlled.
& Coke 1st
gold ($125,000 guar). Ce.c*
Iron Devel 1st
gold red 105. .Ce.c* &r
M
1889
1889
M
I
2 600,300 5 in 1905
30
2
1
5
12
24
(old
interest reduced)
fis
M bonds $1,000,000 gs
red 110_.Ba.c
f
—
—
COMPANY. — Incorporated
under the laws of N. J. in
1890, and deals in dry goods.
Frontage of building 375 feet on Worth St.,
N. Y. City. V. 71, p. 83. Associated Merchants' Co. owns $4,500,100 of
the $9,000,000 stock. See that company above. V. 72, p. 724.
DIVID'S.\'93. '94 to Apr. '99. 1899. 1900 to 1904. 1905.
1906.
(H. B.)
Com..%/7H
6UHQ.-J.)
Incl. July, 6
8
REPORT. Report for half-year ending June 30 1906, V. 83, p. 99.
Net for dividends, $352,258, against $317,934 in 1905; interest on 1st and
2n pref., $142,125; dividend on common (4%), $153,164; balance, surplus,
$56,969.
Reserve for common stock June 30 1906, $1,590,260.
Profits for calendar years before deducting any dividends:
In 1905,
$821,428; in 1904, $631,697; in 1903, $619,847.— (V. 83, p. 99.)
COLONIAL SUGARS CO. V. 77, p. 1224, 1227, 1239; V. 79, p. 502.
COLORADO FUEL & IRON CO. A Colorado corporation formed in
October 1892. In June 1903 Rockefeller-Gould interests assumed control.
V. 76, p. 1410. Annual capacity of finished steel products to be 550,000
tons.
V. 73, p. 561; V. 75, p. 1149; V. 79, p. 736.
Under the reorganization plan of 1903 (V. 77. p. 2037, 2282, 2341; V. 79,
p. 736, 1267) the Colorado Industrial Co., whose entire capital stock is
owned, created an issue of $45,000,000 consol. first mortgage guaranteed
bonds (see below, also full statement in V. 80, p. 1726.)
STOCK. Preferred is $2,000,000
cumulative (par $100); common,
authorized, $44,200,000, of which $14,068,000 was reserved to retire, $ for $,
on or before Aug. 1 1906. the convert, debentures of 1901 and Col. Ind.
guaranteed "A" 5s, but see below and V. 82, p. 807.
BONDS. The Col. Ind. guar. 5s ($45,000,000 authorized issue) cover all
the property of that company and are further secured by deposit of $12,980.000 of the $14,068,000 debentures of 1901 and entire Issues of securities
of subsidiary cos. named, viz., $4,500,000 bonds and $100,000 stock of
Col. & Wyo. Ry.; $3,000,000 Rocky Mtn. Coal & Iron stock and $331,000
stock and $160,000 notes of Crystal Riv. Ry.
The unissued bonds are applicable as follows:
Series "A" (limited to $14,068,000), $1,088,000 to
take up unexchanged convertible debentures; Series "B" (limited to $30,932,000), $6,000,000 to retire gen. mtge. 5s of 1893.
V. 80, p. 1481, 1726.
In 1906, $2,000,000 treasury common stock and $4,000,000 Colorado Industrial Ser. "B" bonds were sold, being mostly subscribed by a syndicate.
V. 82, p. 807, 1042.
convert, debent. of 1901 see V. 72. p. 990, and plan above.
For 5
Application for listing gen. mtge. bonds was in V. 62, p. 461.
EARNINGS. For 8 months ending Feb. 28 1906, gross, $14,470,688;
net, $1,735,848; other income, $321,029; charges, $1,832,376: bal., sur.,
$224,501.
V. 82. p. 754.
REPORT. Report for 1904-05 in V. 81, p. 1373, including in both
years properties owned by Col. Ind. Co.
Gross
Net
Year ending June SO
1905.
190 1.
1905.
1904.
—
4
—
8 yearly.
—
—
8%
—
%
—
—
—
Fuel department
$9,073,656
Iron and steel dep'ts...
9,171,203
Retail dept., &c
370,158
$6,424,858
$733,040
5,005,911
420,561
$929,651
775.830
25,338
loss316,300
29,629
$18,615,017 $11,851,330
Total
$1,730,819
$446,369
Bal. to Inc. acct. after deducting gen. expenses.. $1,474,193
$167,317
Other Income in 1904-05, $447,853: Interest, $1,062,095; taxes, $163,228;
rentals, sinking fund, &c. $1,038,716; bal.. def., $341,992.
OFFICERS. Pres. and Chairman of Hoard. F. J. Hearne: Sec, D. C.
Beaman. Office, Denver, Col. New York office, 195 Broadway.
DIRECTORS.—Geo. J. Gould, Edwin Gould, E. T. Jeffery. Wlnslow S.
Pierce, Alvln W. Krech, Benjamin .N'lcoli, J. H. McClemeut, F. J. Hearne,
E. W. Oglebay, Edwin Hawley, E. II. Harrlman, Wlllard 1'. Ward, D. C.
Beaman. Executive Committee, Geo. J. Gould, Wlnslow S. Pierce. E. T.
Jefferj
Benjamin Nlcoll and P. J. Hearne. (V. 82, p. 754, 807, 1042.)
—
.
COLUMBUS & HOCKINO COAL & IRON COMPAN Y.— ORGANIZATION'.
—
Organized at Columbus, O., Jan. 26 '83, and owns large coal and
Sec v. ii, p. 278; V. 63, p. 550.
Iron properties (13,250 acres of land) in <>.
Reorganized in iko8 without foi
per plan In v. 65, p. 976, Interest
beln.'
to5%. V. 65, p. 387, 976; V. 67, p. 28 seeend't
on bond V. CD p. 81
—
—
,
S'l
D BONDS. Common, $7,000,000 (par, $100); outstanding,
$6,925,600; balance reserved to retire $18,600
ng ..-,, pref. stock,
v. 72, p,
L85.
The stockholders Men. 30 1906 authorized $500,000 of 6%
non-cum. pref. stock and $1,000,000 of 6% collat. tru and purchase money
and mtge. bond secun
19,500 ol the $500,000 Col. & Hock, ('lay &
"
Brick Mil'
md $1,000,000 of latter 's bonds secured b] I si
on ovei 2,984 acri ol land and i>.\ a second lien on all the properties covered
.<r ihk7. per plan in v. 82, p. 512.
Ol the bonds, $400,000,
with $200,000 pref. stock as bonus, were sold to paj for plant \o.
of Clay
& Brick Co., balance to \n- used for two additional plants, v. 82. p. 931,
1441.
103, 1266
DIVIDENDS on common stock,
Dec.
1902; 1903, i \i%\ March
1904, ':
Ince io July 1906.
V. 78, p. 2387
REPORT. Report for year 1905 06, v. H2, p. L266.
Yr. in Mch 31
Qrou.
Chat
Div. mi com. Balance
1905-06
573....,
$527,065
$103,828
BUT. $30, 281
1904-05
841,997
33,322
72.822
def, 39,500
1903 04
B 18,800
148,708
76,1
.sur.
$69,004
8,019
t'res.. \. L. c. Kachelmachei
Columbus, >.; v. P., i.. 0. Lathrop; Sec.
and Treas., A. L, Thurman. New Vorh office, .it Broad si
Directors, May 1905, v. 78, p, 196 l; v. no, p, 11)74.
(V. 82. p.
141 ,)
i
I
i
'
•
.
i
i
I
l
".'.
I
—
1
COMMERCIAL union TELEGRAPH
(J.
&
.1
i
to. -Stock, 1500,000 guar.
by Postal Telegraph Cable Co.; par of shares, I
COMMONWEALTH ELECTRIC CO.— ORGANIZATION.
Formed
6%
In
1897 and acquired in iku« by Intere it controlling >hlo. Edison <'<>. to serve
Franchise 50 yean,
the suburbs of Chicago.
(Compare v. 67 p. 482;
V. 7n. p. 214, 272; V. 82, p, 1441.)
Addiiioimi 1st M bonds are Issuable tot uol exceeding 75
or cost of
i
<
%
'06,
1
1
1926
1913
N Y
Jan
July
'06,
2
2%
%
July 2 '06 1H
Central Tr, N Y; & Lond July 1 1915
Standard Trust Co, N Y April 1 1940
Checks mailed
July 25 '06, 1
Dec 31 1921
Nat City Bank, N Y
Checks mailed . _
July 16 06.
A
do
Aug
Aug
do
do
do
do
%
2%
1'06
1
Aug
06
Feb
Aug
Aug
1
1
Knickerbocker Tr Co. NY April
N Y July
Knickerbocker Tr CcNY^May
1H%
1911
1919
1943
1934
1934
1
1
1
May
1
1919
1909
1951
1
1917
1956
Central Trust Co,
M
2%
&
&
J Central Trust Co,
J 1st
coup
NY
mos) Jan
(3
Uan
'07
Oct
1
further extensions or Improvements.
V. 79, p. 214. Debentures are subfirst 5 years at 100 14 and thereafter at par.
V. 74, p. 990;
For year ending March 31 1906, in V. 83, p. 33.
Year
Gross.
Charges.
Net.
Bal., sur.
ject to call during
REPORT.—
—
1905-06
1904-05
$704,558
$482,889
$221,669
588,361
407,069
283,292
Pres., Samuel Insull; Sec. and Treas., Wm. A. Fox.
Office, 139 Adams
(V. 82, p. 1441, 1499; V. 83, p. 33.)
St., Chicago.
CONSOLIDATED CAR HEATING CO. Supplies steam and hot water
apparatus for heating railway trains and electric heaters for street cars. &c.
V. 70, p. 232. Stock, $1,250,000; outstanding, $1,130,400; par $100.
Dividends F. & A.
$2,507,772
1,816,765
—
DIVS.V93.
Per cent/ 3
—
'94. '95. '96. '97. *98. '99. '00. '01. '02. '03. '04. '05.
1
6
3 }^ 1
3
6
4
47M65H7
H
and directors June 1900, V. 70, p. 1252- V. 76,
42 Broadway, N. Y.— (V. 78, p. 1111; V. 80, p. 225.)
Officers
p. 1357.
'06.
3
Office.
CONSOLIDATED COTTON DUCK CO.— ORGANIZATION.— Incorporated In Delaware in June 1905, per plan V. 80, p. 1916, to control the
U. S. Cotton Duck Corporation, owning 3 mills, and the Mount VernonWoodberry Cotton Duck Co. (see list 14 mills, V. 69, p. 129). and ultimately acquire the legal title to the properties; total mills controlled. 20.
(V. 82. p. 625.)
In Feb. 1906 more than 97 % of U. S. Co. stock and 90 %
of Mt. Vernon Inc. bds. had been acquired on following terms (V. 82, p. 626)
Holders for Each $1 .000 of
Amount
ReceivedExisting Securities.
Outstanding. New Pref. New Com.
Income bonds Mt. Vernon Company
$6,000,000
$500 $166 2-3
Pref. stock U. S. Cotton Duck Corp
2,750,000
1,000
727 3-11
Com. stock U. S. Cotton Duck Corp
10,000,000
400
In Feb. 1906 acquired entire stock of J. Spencer Turner Co., New York,
guaranteeing $2,000,000 6% debentures, of which $400,000 reserved for
future purposes.
V. 82, p. 336, 754, 1104.
STOCK, &c. Common stock, $7,000,000; pref., 6% cum., $6,000,000,
of which $250,000 will remain in the treasury.
Underlying bonds of Mount
Vernon Co., $250,000; U. S. Cotton Duck Corp.. $175,000. Net quick
assets, including controlled companies Dec. 31 1905, $3,757,000.
First div. (semi-annual) on pref., 3 %, paid April 2 1906.
V. 82, p. 454.
REPORT.— Report for half-year ending Dec. 31 1905 (V. 82, p. 454, 626,)
showed: total income, $4,697,180: gross profits, $652,123; miscellaneous
int., &c., $135,447; Int. on bonds of constit. cos., $188,225; bal., sur.,
Report for calendar year 1904, V. 80, p. 874.
$328,451.
DIRECTORS.— S. Davies Warfleld (Chairman). Charles K. Oliver
(Pres.), David H. Carroll (V.-P. and Treas.), E. Clay Timanus, George K.
McGaw. William H. Graffiin. F. S. Landstreet, G. Clem Goodrich. J. H.
Wheelwright Richard Cromwell, Trenor L. Park, E. A. Brlnckerhoff,
Thomas M. Turner William H. Wellington. Ralph C. Lupton. H. H. Lehman and E. P. Carpenter. Office, Continental Trust Bldg., Baltimore, Md.
(V. 81, p. 214, 670; V. 82, p. 625. 631. 754, 1103.)
—
—
—
CONSOLIDATED GAS OF BALTIMORE CITY.— On
June 20 1906 con
plan V. 82, p. 1441.
POWER CO., BALTIMORE.— ORGANIZATION. Formed on Feb. 14 1905 by consolidation
of the Wenstrom Electric Co. and the United Electric Light & Power Co.
On June 20 1906 Un(see "Railway & Industrial" section for Jan. 1905.)
consolidated Gas Co. of Baltimore, about 6] % of whose $10,770,968 stock
was previously owned, was merged per plan V. 82, p. 1441. Price of gas
1905.
was reduced to $1 per 1,000 CU. ft. on Sept.
Also owns almost all
the stock of the Mt. Washington El. L. & P. Co. and the entire stock of
the Northern Elec. Co.
STOCK. Rights of pref. stock, see V. 82, p. 1441.
DIVIDENDS. Div. on prior lien pref. stock, 3 %, paid Feb. 16 1906.
_s of 1905 (S15.000.000 authorized Issue) are
BONDS. The gen. 1st
a first lien on the $6,563,400 of the $10,770,968 Consolidated Gas stock and
additional stock as acquired, 8,050 shares of Mount Washington Electric
Light & Power Co. stock (substantially all) and a lien subject to outstanding bonds on all the properties of the old eleetrlc-llght companies.
Of
the Issue, $8,639,000 is reserved for future purposes. V. SO. p. 1731,
714, 1481.
Of the 50-year gen. 4 Hs of 1904 of Consol. Gas Co. ($15, 000,000 auth.
Issue: Fidelity & Deposit Co. Of Maryland, trustee), $1,000,000 have
been sold for improvements and extensions, $1,500,000 were being Issued
to retire the certificates of Indebtedness. $7,000,000 are
In Oct. 1904
reserved to retire outstanding 5S and Os, maturing 1910 and 1939. and
remaining $5,500,000 arc Issuable from time to time after July 1 1906,
the
for not exceeding 80 % Of cost 1,1 extensions and improvements.
V. 78, p.
1964, 2014, 2331, 2387; V. TO, i>. 1643.
EARNINGS. Earnings of gas company In 1905 were $669,139: earnings
of power company for 1905 plus additional estimated earnings, $368,894;
total, $1,038,(133; div. on pr. lien BtOck, $42,000; on pref. stock. $381,603:
.- ($7,102,000)
int. on power co. gen.
$319,590; bal., estimated, $291. mo
iii addition the Westport generating station, to be
(4H % on com. stock
opened .inly 1906, is expected to save $10,000 In oper, exp. per month.
OFFICERS. Chairman of Board, s. Davles Warfleld; President, Ferdinand C. Latrobe; Vice Pres. and Gen. Mgr., Uten S, Miller: Treas., Joseph
W. Clark; Asst. Treas., \v. Stuart Symington; Sec, Charles M. Cohn.
& Power Co. per
CONSOLIDATED GAS. ELECTRIC LIGHT &
solidated with Consol. Gas El. L.
—
1
—
—
—
1
'
—
1
.
'
1
.
Directors, V. 82, p. 1112.
II .1
337,
104, 1381
1
1
.
Nov.
(V.
.so,
p.
1858; V. 81, p. 268; V. 82, p. 221.
I
CONSOLIDATED GAS
i
.
.
St.
A See text
N Metropolitan Tr Co, N Y
A Chase National Bank, NY
A New York Trust Co, N Y
&
&
&
&
&
1
Co, Ch July
do
Broad
do
do
do
J
5g
6g
754.000
400,000
1,000
1,000
OFFICERS. Chairman of Board, Chas. M. Schwab; President. J. W.
Duntley; V.-P., W. O. Duntley; 2d V.-P.. S. W. Prince: Treas., Leroy
Beardsley; Sec. and Asst. Treas., W. B. Seelig.
Executive Committee,
Directors (April 1906)
J. W. Duntley, Chas. M. Schwab, J. R. McGlnley.
Chas. M. Schwab, J. W. Duntley, W. O. Duntley, J. R. McGlnley, W. A.
Mitchell, Julius Keller, A. W. Maconochle, J. C. Taite and Oliver Wren.
Gen. office, Fisher Bldg., Chic; N.Y. office, 95 Liberty St.— (V.82, p. 1375.)
CHICAGO TELEPHONE CO. (V.80, p. 710; V.82, p. 163, 454, 572, 694.)
CLAFIN
L & Tr
200,000'
1887
1906
Ce.c*
Merchants'
do
Q—
A
6g
5g
5g
912.000
673,000
679,000
6,925,600
Preferred stock
First mortgage gold
Coll tr pur money &
570,600 6 in 1905
133,000
000.000
088.000
5g F
520,000
6g M
351.000
5g P
980,000
5g F
932,000
5g F
2
—
Q—
Dividend.
May
Checks mailed
Office, 25
Q
3 829,100 8 in 19051
1,000
1,000
1,000
100
— non-cumulative $500,000
6%
Q—
Q—
10 000,000
5g J & J
4 000,000
4 g
A & O
6 113.800 See text. See text
2 092.000
5 g
J
& J
1,000
1,000
1,000
1,000
Rocky Mountain Coal & Iron first mortgage gold guar..K 1901
Col & HockC &
Com stock $7 ,000 ,000 (also $18,600 5 % pf)
483,000
Whom.
A & O
J
& J
5g
6g
and by
Where Payable,
j
Q—
6 500,000' 8 in 1905
6 500,000 6 in 1905
100
100
1,000
1901
1889
1893
1904
1904
M
Bonds
1
When
Payable.
1905
in
5 500,000i
1,000
1,000
100
100
1,000
1,000 &c
100
1,000
100
100
ioo;
Convertible debentures redeemable at 105
IC.c*&r
Colorado Fuel Co's general mortgage gold s f red HO.Mp.c*
Col Fuel & Iron gen
($6,000,000) g s f red ll)5..Ce.c , &r
Col Indus first M gold! convertible till Aug 1 1906-.N.c'&r
guar p & i call 105/not convertible
c"&r
When Due.
\pal.
of
on
notes
see
tables.
— PrinciStocks — Last
Bonds
Size, or
Bonds
&c,
column headings,
first
[Vol. lxxxiti.
III
Nl \V
YORK.- This company w as organized
1884, as a consolidation, and In 1899 00 secured control or all
the other gas companies and ol all the electric lighting properties in ManIn
Jan. 1906 new plant at Astoria. Long Island,
hattan, N. V. City,
v. ts. p, 105, 1964; v, 79. p, 105,
to be completed within two years,
in July 1904, the N
\. St Westchester Lighting Oo. was formed
629.
As to municipal plant sec V. 80,
to operate In the district of N. Y. City.
1060. 2460.
Legislation in Maj 1905, reduolng price or electriolty,
p.
see V. 80, p, 1H58, 2 Kill; V. 81. p. 268.
Sec separate statements following
I) vs.
93 '94to'98 '99 '00 '01 to 03 '04
1905.
1906.
Per cent
7
8 yrly.
«
8 yrly.
8' L Below. Below
5 Mi
In 1905 March, 2',";,; June, 2".,: Sept., 2%; Dec, 2";,; in 1906, March.
11
.
.
I
.
IT
.
In 1897 the price Of gas was reduced from $1 20 to $1 (beginning In 1901)
v. 6 1. p.
as required by law
In 1906 8 law was passe.! reducing the price In \
X*. City tO 80 cents
except in outlylnu districts.
V. 82, p, 5 72. .so 7.
per 1,000 cubic n
Suit,
112.
\
159, 1825, 1381
82, i>. 1048,
.
.
.
1
.
I
July.
J
INDUSTRIAL STOCKS AND BONDS.
900.
Date
first
— See
Electric
Commercial Cable
Commonwealth
&c,
page of
Size, or
see
Par
— Stock $10.000,000
—
cum red 105 and ace div
i
1,000
1,000
1899
1899
1906
7.VI. OOII
8 000,000
1,000!
1,000 abt 600,000
1 Coo.ooo
100
6 300,034
—
Pur money M $21,000,000 gold subj to call to Feb'02_Ce.c*
Edison Electric Ilium N Y 1st M gold redeem at 110_.Ce.c*
First consolidated mortgage $15,000,000 gold
Mo.c*
Mt Morris Elec Light 1st M gold red at 105 Oct 1 1900.
,000
3
1,000
7
3
1
500 &c
1,000
1,000
2
100
80
1888
1004
1,000
1,000
1
1898
1899
1890
1895
1890
1,000
3
1,000
1,000
6%
REPORT
was about $4,080,000.
Balance sheet Dec. 31 1904, V. 80, p. 1854. Report for year ending
Dec. 31 1904 was in V. 80, p. 470, showing net profits of calendar year
1904 above dividends, about $2,600,000 against $2,500,000 In 1903.
OFFICERS. Pres., Harrison E. Gawtry; Vice-Presidents, Walter
R. Addicks, Samuel Sloan and Lewis B. Gawtry; Sec, R. A. Carter; Treas.,
Jas. A. Bennett. Trustees.
H. E. Gawtry, Samuel Sloan, John W. .Sterling, W. Rockefeller, M. Taylor Pyne, Geo. F. Baker, Jas. Stillman, S. S.
Palmer, Frank Tilford, F. A. Schermerhorn, A. N. Brady, T. F. Rvan,
Arthur H. Elliott. Office, 4 Irving Place.
(V. 82, p. 572, 754, 807, 1043,
1159, 1325. 1381, 1412; V. 80, p. 10.)
—
—
NEW AMSTERDAM
GAS.
Incorporated Nov. 1 1897 and consolidated N. Y. & East River and
Eq. Gas Light, per plan V. 66, p. 133. Owns entire $7,000,000 stock
of New York Carbide & Acetylene Co.
SECURITIES. The stock authorized is $13,000,000 of common stock,
$10,000,000 of 5% preferred, cumulative after Nov. 1 1900, New consol.
5s for SI, 365,000, preferred stock $1,000,000 and common $835,000 in
Jan. 1906, were in treasury available'for future needs.
Par of shares $100.
The Consolidated Gas Co. owns $12,109,500 common and $8,977,500
preferred stock.
V. 70, p. 897, 948, 1052, 1197, 1252; V. 80, p. 1855,2224.
—
Organized May 23 1901, as a consolidation of the N. Y. Gas & Elec.
Light, Heat & Power Co. and the Edison Elec. Ilium. Co. of N. Y.
Owns
large power plant located on 1st Ave., between 38th and 39th Streets.
V. 69, p. 704; V. 68. p. 1025; V. 70, p. 283, 482; V. 80, p. 1915.
Stock,
$45,200,000 of which $45,051,000 outstanding, practically all owned
by Consol. Gas Co. V. 72, p. 1038.
BONDS. The first 5s of 1898 ($15,000,000) were secured by a first
and other property and pledge
plant
of various securities; list see V. 68. p. 773, 824, 1025; V. 76, p. 268.
The
4s of 1890 are secured by a purchase-money lien on the former Edison
Elec. Ilium, property, subject to bonds of 1890 and 1895, and by a second
mtge. lien on the remaining property of the consolidated Co. V. 72, p.
039, 1038; V. 81, p. 35.
Real estate mtges., $174,000.
Vear.
Gross.
Net
Charges.
Surplus.
1904 (V. 81, p. 29)
$10,2«5,418 $4 ,836 ,71 4 $2,005,712 $2,831,002
8,963,314
1903
80. p. 1855, 2224; V. 81. p.
(3)
2,138,646
1,842,804
3,981,540
35, 215.
2'),
NEW YORK MUTUAL
GAS LIGHT CO.
1
,
;
Organized
In
1886.
STANDARD GAS LIGHT
Owns
.4
Prefi
160 miles of gas pipes north of 13th St.,
Of the §4,085,700
Office,
-.1458502
2^6
4
5>
..
1
'
'02 to'05.
6 v'rlv
g
6
.
Third Ave. and 49th St.. N. Y.
V.
1906.
(a)
(a)
— V. 70.
CO.
V. 80, p. 1856.
CENTRAL UNION GAS CO.— (b) NORTHERN UNION CAS
Compare
V. 65, p. 462, 366, 112;
977; V. 80, p. 1855.
(7) WESTCHESTER LIGHTING CO. (N. Y. &
ter Light Co.)
Supplies gas and electricity in We tchester County north of New York
City.
See V. 71. p. 1023, 1175. The Consolidated Gas Co. owns the
$12,500,000
ock.
See V. 79. p 160, 217. 504, 1706.
Northern Westchester Lighting Co. Is controlled by friendly interests.
V. 81, p. 268.
BONDS.—The general mtge bonds of 1904 ($10,000,000) bear Intel
of 1
and rising
(flrsl coupon July 10051
to 4 "„ from July 1 1914, to maturity, except about $2,500,000 which have
additional coupons attached making them straight
All are
bonds.
subject to call since Julj
1905 at par and Interest.
V, 79, p.
1057.
They are guaranteed, principal and Interest, by the C01
Co., as are also the $2,500,000 ol new 5 % debentures.
Form of guaranty, \ 70. p. 2152. The underlying bonds not shown 111 the tal
(Westchester Lighting 5s being reserved to retire at par the N. Y. & Sub.
Gas and New Rochelle Gas and Fuel Issues)
Bonds
luti rest.
mtstandlng. Maturity.
New Rochelle Gas 6; Fuel 1st M..6
$88.0011
J
& J
Jan. 1 1908
New York & Suburban Gas 1st
5g M
Mar. 1 1949
&.
S a343,000
\i..g..guar., p. &. 1., by Am.) Subject to call at 105 <!c ho
tar. 1
Gas. Co
J
Hudson River Gas & Elec 1st M 5
& n b250.000 May 1 1929
White Plains Lighting 1st M .
5
335.000
June 1 1938
V. 68, p. 474; V. 70. p. 844; (h) V. 68. p 82 I: V. 70, p. 844.
Statement of Sept. 13 1905. showing output, balance sheet, etc., was
in V. 81. p. 1609.
For year ending June 30 1905. gross, $1,259,811- net, $560,931; Int.
on bonds, $509,238; bal., sur., $60,693. Calendar year 1902, gross,
'
.
%
.
4%
.
—
1
;
1
m
.
Y Dec
Y Feb
N YiMch
Y iJuly
Y 'Sept
1908
1909
%
1948
1049
1910
1995
1940
1
1
1
1
1
—
CONSOLIDATED RAILWAY LIGHTING & REFRIGERATING CO.—
Incorporated 01 New Jersey in March 1901, per plan V. 72, p. 677: Y. 82,
1325.
Stock author., $22,000,000; outstanding, $17,500,000; par of
Factory at Bayonne, X. J. No Bonds Report for
is, S100.
ending Dec. 31 1903 was in V. 78, p. 1220.
Directors, V. 74, p. 632. Pres.,
Isaac E. Rice.
Office, 11 Pine St., X. Y.— (V. 76, p. 481; V. 82, p.
CONSOL. RUBBER TIRE.— .Supplement'' July 1903; V. 82, p. 104.1.
CONSOLIDATED TOBACCO CO. See American Tobacco Co.
p.
1
—
CONSOLIDATED WATER
CO. OF
UTICA,
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, common, $1,500,000; pref., 5% non-cum., $1,000,000;
par of shares, $100.
Bonds, see table above. N. J. Title Guar. & Trust
Co. is trustee of debentures.
V. 81, p. 1377. Year 1904. gross, $192,824;
in 1003, $182,067.
Pres., William S. Bacot.
New directors Aug. 1905.
V. 81, p. 670.— (V. 81, p. 1377.)
—
CONSOLIDATION COAL CO. Incorporated in 1864. In May 1906
$5,353,2oo stock owned by the Bait. & Ohio was acquired by a syndicate.
V. 82, p. 1043.
Coal mined in 1905 was 2.096,213 tons; in 1904 was 1,833,371 tons: in
total. Including subsidiaries. 7,309,352.
Owns $1,500,000 stock of
Cumberland & Penn. RR. (which see) and guarantees its $1,000,000
bonds. Early in 1903 a controlling interest was acquired in the Fairmonl
Somerset Coal companies (which see) the former controlling the Clarksburg
Fuel and Northwestern Fuel companies, the last named owning large docks
at Chicago, Milwaukee and Superior.
In Dec. 1904 the Fairmont Coal Co.
acquired the control of the Pittsburgh & Fairmont Fuel Co.. owning 17,966
acres of coal land in West Va. on the B. & O
between Clarksburg and New
Martinsville.
V. 79, p. 2699.
In Nov. 1903 $501,100 of the $1,000,000
Metropolitan Coal Co. stock was purchased. V. 78, p. 1271; V. 79, p. 502.
Of the $7,500,000 refund'g 4 J^s of 1904, $4,692,000 has been issued to pay
acquired, $1 ,750,000 is reserved to retire the 4 >s due 1922 and
.si ,000,000 Cumberland & Penn. 5s due 1921, and the remaining $1,058,000
for future requirements; sinking fund, 3c. per ton of coal mln
DIVIDENDS since 1883: for 1884 and 1885. 1 %; for 1S86. %; for 1887
yearly,
1H; for 1888, 2J4: 1889 to 1903, 2% yearly; 1904 and 1905,
i.l
6,6 ,; May, 1)4%; July 31, 1)4%- V. 82, p.. 221.
REPORT.— For 1905, In V. 82, p. 115!.
Yr.
Gross.
Net.
Oth. inc. Charges. &c. Dividi nds.
Bal., sur
$4,165,437 $1,336,359 $312,047 $631 ,117 (6 %)$615,000 $402,289
1904 .. 4,130,589
1,231,605
331,703
632,973(4%) 410,000 502 336
Pres., C. W. Watson.
Office, Cont. Tr. Bldg., Bait.
Directors,
1905, V. 78, p. 1277; V. 82. p. 1043.— (V. 82, p. 1043, 154; V. 83, p. 157.)
,
4%
—
1
CORN PRODUCTS REFI NI NO CO.— ORGAXIZATIOX.— Incorpo
1906 as an amalgamation per plan V. 82, p. 103, of Corn Products Co.,
Glui ose Co.. Warner Sugar Co. of Waukegan, III., and St. Louis
In Vpr. 1906 about 90% of Corn Products Co. stock had 1
Co.
ited. plan Oi tag operative.
The Corn Products Co. stockholders reamount of the same class of stock of the new company.
Wch. 1906, showing properties owned, pla
ts of
bal. shei
earnings of sul
is,
&e., see V. 82, p. 1321.
Principal properties owned are given below
Capital
New co.
Company
stock.
Incorporated.
owns.
Corn Products Co., common
$45,215,505 $44,521,507; X. J.. Feb.
cumulative preferred
27,380 710
25,02 .64 J
Warner Sugar Refining, stock
3,000 000
3,0".
St. Louis Glucose, stock
1 .200.1
1 200.000 Mo., li
75.O00
fining Co., preferred.
35 ,000 Virginia,
Common
42
285.
Glucose Sugar Refining Co. com
24, ():',
23,299,9001 X. J
cumulative preferred
13,638,300
1S97.
13 158.700/
National Starch Co., com
2,69
5,900 X. J., April
4,028,300
Co., common
,450,700
36 1. Sim
II
364,800
U. S. Glucose Co., Stock
1 .374.700
1,373 8 >0 X. J., May
Pref
ick
456.650/
900
18
Corn Products, Llm., stock.
£20.000
20,000 Gt. Britain.
19"
Corn Products. Urn. stock
40.000M. 40.000M. Germ'v
Illinois Sugar Refining Co.
750,000
750.000 111.,
120 000 111.,
120,000
\. 5
X. J., 1901.
,000
c S. Sugar Ri
ocb
1,985,;
ty of all plants, including those not operated, abou- 2
bushels.
V. 82, p. 1321.
ee V. 81, p. 615.
As to proposed concentration of plants (June
e V. 80, p.
DIVIDE
orn Products
pref., July '02 to J
'05, dividend was passed.
guar.; Apr. '05
V. 80, p.
Feb. 190 I, !",, per annum; none sin
it div. on pref. stock of new co., 1%, paid Jul;
10 '06.
V.82,p.
BONDS.—The bonds of controlled companies have not been a
but the In
id sinking fund
are payable from their
before any dividend
Of the Nation)
paid on
s.
Feb.
6
Xew York
I
—
,
,
1
1
.
.
CO.
V. 80. p. 1855. (b) V. 65, p. 621,
1
1
1
'
1855: V. 82, p. 1383.
.so. p.
p. 40;
May
July
1
6
UNITED ELECTRIC LIGHT & POWER
Stock, $5,346,600, mostly owned.
(6)
g
g
g
June 15 '06,1
$1,037,799; net, $375,338.— (V. 79, p. 1957, 2152; V. 80, p. 1001: V. 81,
1563, 1609.)
CONSOL. GAS OF PITTSBURGH.— See Pittsburgh in "St. Ry." Section.
CONSOL. LAKE SUPERIOR. See Lake Superior Corporation.
1
(5)
5
5
5
3%
1
CO.
The Consolidated (Jas Co.. owns $4,630,900
common and $3,934,400 of the $4,295,700 pref.
DIYS.
'93, ''.14. '95. '96. '07. 'os. '99. '00. '01.
Y.
Trust Co, N
Trust Co, N
S Guaranty Trust Co,
J Morton Trust Co, N
SICentral Trust Co, N
D Morton
A Central
g
5
4g
'06,
1910 1916 & '24
May 1 1929
14 1935
July 1 1910
July 1 1939
April 1 1954
M
4^gJ
,
V. 83, p. 41.
X.
Feb 16
5.5 00
1
Incorporated in New York April 17 1866, under special charter. Stock
outstanding, $3. 436. 600, of which $1,763. 200 is held in the interest of the
Consolidated (ins Co.
Par of shares, $100,
1'94 to '97
DIVIDENDS—
'98
"01 to '05
'99
'00
1906
Since 1893, p. c.
8
7
Below
3
9 yearlv
J9 yearly
to 1005, inclusive. Jan.. 4' u July 5%; in 1906, Jan.. 4%; Jul
(4)
Apr 2 '06, 3%
See text. See text.
,M & S Continental Tr Co, Bait Sept 1 1949
5 g
J
& J 1 % paid Jan 1906
Jan 1 1950
F & A
6 g
Feb 1 1926
'
NEW YORK EDISON COMPANY.
new power
1943
1917
1
1
p.
,
—V.
Tr & Sav Bk, Chic June
do
do
Feb
Illinos
F
5
15,000,000
20,929,884
4,312,000
2,188,000
988,000
,000
1,000
to $54,595,200, and in 1900-03 to $80,000,000, to complete the control of the gas
and electric light business in Manhattan, to provide for improvements,
V. 77, p. 300. In 1904 the authorized issue was increased to $100,etc.
000,000, to provide for the convertible feature of the new debentures.
V. 78, p. 1964.
debentures at par.
In 1904 stockholders subscribed to $20,000,000
The debentures are convertible into stock at par on July 1 1907, or any
interest day thereafter.
V. 78, p. 1964, 2014, 2336.
of Legislative committee in 1905, covering the operations of
all the constituent properties, was fully cited in V. 80, p. 1854, 1858,
In 1904, gross, $13,2S2,897,
1910, and showed for Consol. Gas Co.:
against $12,882,116 in 1903; net income, $6,273,813, against $5,793,951;
interest, $526,413; dividends (8 14 %) $6,799,970; bal.,def., $1,052,570;
Consol. Gas Co.'s share of undivided surplus for year of subsidiary cos.
on
Dividend.
—M
20
1
CONSOLIDATED GAS CO., NEW YORK (concluded) —
STOCK, ETC.— In 1900 stock increased from $39,078,000
Ilea
and by
Whom.
Various. Various.
& N Alex Brown & Sons, Bait
263,000
AY g
2
102,000
& J New York & Baltimore
6
J
& J Far
& Merch Bk, Bait
584,500
do
5 g
& J
do
400,000
J
500,000
t'A & O Fidelity & Dep Co, Bait
4H
000,000 See text. Q
15 Office, 4 Irving PI, N Y
do
387,000
5
do
6
National City Bank, N Y
000,000
IT,
1899
1905
1880
1888
1904
M
5g
Controlled.
of
YG&ELH&PlstM $15,000,000 g../Vlo.c* &r
—
the company's
Where Payable,
700,000
360,054
100
100
Edison & Brush Companies' bonds
United Electric first consolidated mortgage $4,500,000 g.c*
CoBa.c*
General mortgage $15,000,000 gold.
Consol Gas first mortgage
c
MeBa.c*
Consolidated first mortgage gold $3,400.000
General mortgage $15,000,000 gold
c*
Consolidated Gas (N Y)
Stock $100,000,000
Debentures
r
Debentures $20,000,000 authorized eonv after 3 years
c
(2)
000,000
500,000
180,000
000,000
7
50
50
Preferred stock prior lien 6%
Preferred stock 5% cum red 120 and ace div
Companies
$7 750,000
$100
1898
1902
—
(1)
When Due.
Mackay Companies.
mortgage (Northern Trust Co, Chicago, trustee)
Debentures redeemable text
Real estate mortgages
Consolidated Cotton Duck Co Common stock $7,000,000..
Preferred (also as to assets) 6 % cumulative §6,000,000
Mt Vernon-Woodberry first mortgage gold $8, 000, 000.. c*
do
income cumulative mortgage
do
(red)..
J Spencer Turner Co deb $2,000,000 gold p &
Cons Gas Elec Light & Power (Bait) Common stock
i_
Bonds
Payable.
Outstanding
First
N Y Ed-N
When
%
Amount
Value.
notes on
tables.
Bonds
pal.
Rate
of
Bonds
column headings,
of
— PrinciStocks — Last
INTEREST OR DIVIDENDS.
MISCELLANEO US.
For explanation
161
1
1
:
1
)
.
<
!
I
1
!
I
-:.
$3,778,1
U. S. Sugar Refinery companies.
V SO. p. 119
Of the Mew York Gl
6s. 4% oi
ad ($40) is retirable Sept.
yearly, beginning 1902. but
the bonds are not subject to call.
v. 74, p. 10
i: UJXIXGS (Corn Products Co.).
Report for hair vear ending Aug 31
In V. 81, p. 1313, showed: Net Income. $150,278; bal.
v. on pref. (1«
1
—
I
REPOR1
port for
V. 80, p. 1853, showing: Net income for year, $1
plus Feb. 29 1904,
vldends (7%) on p
deduct
I;
Peb. 28 I90.5. as per I..
V.-P.), I". T.
DIRECTORS. E. T Bedford (Pre;.). W. 3
itt, J. A.
Bedford, W. II. Nichols, Thomas Gaunt, F Q. Bartow,
Moffat, H. W. Wlnterman, C. M. Warner, Jo; Morton. W. J. Calhoun.
was
1
In
Thom
p. 337. 45
H. Mathiessen and William
I.
754, 1321
.
1
l!2.i
Weaver Heaton.
—
(\
INDUSTRIAL STOCKS AND BONDS.
162
IXTEREST OR DIVIDEXDS.
MISCELLAXEO US.
For explanation
of
Date
column headings, &c,
Bonds
—
(Concluded)
Consolidated Gas (N Y)
Un
United Electric Light & Power 1st M $5.370.000
Equitable Gas Light cons (now 1st) M_-Cel Assumed by f
New Amst
1st M gold^.-G.c' \
N Y & East River Gas
Gas Co.
K.c*J
First cons
($5,000,000) gold
Ce.c*&r
New Amsterdam 1st cons M gold $20.000,000
Ce.c*
Central Union Gas guar p & 1 N Y & East River
c
Standard Gas Light first mortgage $1,500,000 gold
K.c*
Union Gas 1st M $1,500,000 gold not guar
North
Col.c*
Westchester Lighting consol M $10,000,000 gold
Other bonds (see text)
N Y & Wes L gen M $10,000,000 gold guar red (text)-.Ce
Debentures $2,500,000 gold guaranteed ptin and interest
Consolidated Tobacco See American Tobacco Co.
N
Consolidated Water Co of Utica First mortgage gold
M
{
—
Debentures gold
Par
—
—
Va
1894
1895
,000
&c
1,000
1,000
1,000
1,000
1904
1904
1,000
1900
1905
1,000
1,000
100
1,000
1,000
——
(WM CRAMP & SONS' SHIP & ENGINE BUI LD1 NG CO.— Incorporin Pennsylvania Mch. 26 1872. Properties owned, V. 78, p. 46.
STOCK.— Stock, as increased June 1903, $6,250,000: outstanding, $6..
)
Of this $4,648,600 has been deposited with
098.000; par of shares. $100.
voting trustees, viz.: E. T. Stotesburv and Richard Rushton, Phila., and
Geo. F. Baker. N. Y. V.76,p. 921,975, 1087: V. 78, p. 46.
DIVIDENDS. \ 1892. '93. '94. '95. '96. '97. '98. '99. '00. '01. '02.
SH
None 1 M 5
5
5
/8&20scr. 10 18
7
Percent
No dividends since to July 1906. V. 75, p. 1256.
BONDS. The 5% serial notes ($4,520,000 outstanding) mature part
Jan. 1 and July 1. semi-annually, viz.: $80,000 to July 1908, then $110,000
for 5 vears, then $140,000 for 5 years, then $170,000 for 5 years, but subject
to call at 102 !»»: secured bv $5,000,000 consol. 5s of an authorized issue of
$7,500,000; of the latter, $2,000,000 are reserved to retire prior liens and
First mtge. gold 5s
$500,000 for future purposes. See V. 76, p. 921, 975.
of 1899, $1,325,000 (int. M&S), due Mch. 1 1929, but subject to call $25,Real estate mtges. Apr. 30
000 yearly Jan. 31 at 110 for a sinking fund.
1906. $580,212.
V. 67, p. 1310; V. 68, p. 383; V. 78, p. 46.
REPORT. Report for 1905-06 in V. 82, p. 1495, showed: Net earnings (incl. subsidiaries), $704,724: charges. $333,752; bal., sur., $370,972.
ChairIn 1903-04, net, $658,453; charges, $344,288; bal., sur., $314,165.
man of Board, Charles H. Cramp; Pres., Henry S. Grove: V.-P., Edwin S.
—
—
—
Cramp; Gen. Man., H. W. Hand. Office, Philadelphia.— (V. 83, p. 40.)
CRUCIBLE STEEL CO. OF AMERICA. ORGANIZATION. Incor-
—
—
porated on July 21 1900 under the laws of New Jersey to consolidate 13
properties, including the Park Steel Co., &c, named In the prospectus, V.
71. p. 32; V. 73, p. 842; V. 79. p. 154. Stock authorized, com., $25,000,000;
pref.,
cumulative, $25,000,000; par, $100; outstanding, common, $24,578.400; preferred. $24,436,500.
In May 1904 the Clairton Steel Co. was sold to the U. S. Steel Corporation,
the latter in pavment therefor guaranteeing or assuming the bonds ($11,bonds. The Crucible Co.
916,715) and giving $1,000,000 of 10-60 year 5
agrees to take 120,000 tons of steel yearly for 10 years and about 80,000 tons
of pig iron on a sliding scale of prices. V. 78, p. 1552, 2014; V. 79, p. 1267.
In Nov 1905 acquired land in Pittsburgh costing $290,000. V. 81, p. 1438.
In June 1906 the construction of a new plant to manufacture general railway supplies, including car springs, was begun.
DIVIDENDS on pref., Dec. 1900 to Sept. 1903, 7 %> on Dec. 29 1905, 1 %;
overdue dividends. V. 82,
Mch. and June 1906,
each, leaving
p. 694.
BONDS. Of the collateral trust bonds of 1903, $1,567,000 was on June
30 1905 held by the public, $742,000 used as collateral and $2,658,000 remained in the treasury. V. 79, p. 736.
REPORT. Year ending Aug. 31 1905, V. 81, p. 1172, showed net earnings of $2,132,490.
Chairman,
G. Park; Pres. and Gen. Man., Frank B. Smith; Treas.,
Directors, Sept. 1904,
Julius Bieler.
Office. Frick Bldg., Pittsburgh, Pa.
(V. 82, p. 694.)
V. 77, p. 1473; V. 79, p. 1333, 1706.
7%
%
1%%
16K%
—
—
Wm.
—
CUMBERLAND TELEPHONE & TELEGRAPH.— Organized in Kentucky in 1883 and operates under perpetual and exclusive license from
American Bell Telephone Co. through the entire States of Mississippi and
Louisiana, the greater parts of Tennessee and Kentucky, and a few counties
in Indiana and Illinois.
Amer. (Bell) Telep. & Teleg. Co. owns $8,755,500
of the stock.
Subscribers Mch. 1 1906, 146,827.
STOCK. Stockholders were offered the right to subscribe pro rata at par
on or before Feb. 1 1906 for $3,300,000 new stock, payable in four equal instalments on Feb. 1, Apr. 2, July 2 and Oct. 1 1906, raising the amount
—
outstanding to $16,812,050. V. 81, p. 1726.
DIVIDENDS.— From 1892 to 1897. both lncl., 4%; 1898, 5; 1899, 6;
1900, 6; 1901 to July 1906, 7 % per an. (IM %quar.).
BONDS. These consist of $836,000 1st 5s (see table above): $239,000
20-year deb. 5g (Int. F.&A.) due Feb. 1 1920, but redeemable at par, issued
for purchase of People's Telephone Co. of New Orleans and $16,000 Ohio
Valley Tel. gold 6s (int. J.&J.), due Jan. 1 1908.
EARNINGS.— 5 mos., 11906
Gross, $2,184,444; net, $776,314
Gross. 1,870,263; net, 697,646
Jan. 1 to May 31.
JT905
Surplus overcharges, $681,129 in 1905-06, against $624,372 In 1904-05.
REPORT. Report for year 1905. in V. 82. p. 1376, showing gross,
$4,656,423; net above fixed charges. $1,359,284; dividends (7 %) $940,691;
balance, surplus. $418,503.
General offices. Nashville, Tenn.
(V. 78,
p. 817; V. 71), p. 2798; V. 80. p. 714; V. 81, p. 1726; V. 82, p. 1376.)
DENVER (iAS& ELECTRIC CO. ORGANIZATION.— Incorporated In
Apr. 1899 as
consolidation Of the Denver Consolidated Gas and Denver
Consolidated Electric companies.
Stock, $:i,50o,ooo; par, $ioo.
Reorganized in L903 pel plan V. 76. p. 812.
See V. 78. p. 585.
In Nov. 1904
friendly Interests purchased a majority of $220,000 Denver-Highlands
—
—
,
—
—
,-<
Electric
The Lacombe Electric Co. was actock.
V. 79, p. 2159.
quired In July 1906.
Neu 20 war franchise
V". 71. p. 1359; V. 83, p. 154.
voted Ma] 15 1906, V. 83, p. 40.
BONDS. Priorllen 15 yeai raid 6s, due April 1 1918. $1 ,000,000 ($1,000
ear tn $463,000 outstanding:, subject to call al par alter ;, vears, Int. A.&O.,
balance having been retired; Bankers' Trust Co., \. v., trustee.
Gen,
mtge. gold 5s, $8,000,000 authorized, or which $5,171,000 outstanding
($1 000 each) dated May
19 111 but suli]ect to call on May
1903, due May
1908 at par, Maj 1909 al 101, Ma] I910ai 102, May 1911 at 103, May 1912
1
at 104 and Ma\ 1918 or anj interest ,i,-,, thereafter at 105; Int. M.&N.;
Trust Co, of America, trustee,
in Jan. 1906 the company announced it
would call and ret Ire all outstanding; bonds other than gen. mtge. bonds, the
bonds then called being given the option ol exchange for latter. The general 5s to be issued to provide premiums paid foi exchange were offered to
See V. .H2, p, 103,
stockholders ratably at 95 and Int.
Ol the general 5s,
$.').26o,onii were reserved to retire $1 ,000,000 new pi lor liens and underlying
bonds.
The only underlying bond remaining outstanding Jul 5 1906 were
$1,500,000 Denvei Con ol. Gas 20-yeai gold 6s, due Nov. 16 1911, Int.
1
,
1
.
I
J.A.I, at Emerson, McM. a Co., \. \ .. subject to call al 105, a Lure pari
to be retired by lot.
Chairman, Emerson McMlllIn, 40 Wall St.. \.
"i
(V. 83, p.
i"
.
1
WATER.
INION
A consolldat Ion let
89
franchises nin
until loin.
Owns the water works ami watei uppl] oi tin- di\ of Denver,
Capital stock Is $5,000,000 common and $2,500,000 of
Col., and vicinity.
5
11011 cum. preferred.
Dlv, on com. and pref. stocks of 5 ",', paid Apr. 10
DENVER
(
I
I
.
.
%
inns' Loan <V Tr. Co. \ Y
905; Jan. 2 1906
Bonds, $8,000.000.
The South Platte Canal a Reservoli Co whose stock is all owned,
completed a new reservoir In 90 I; Its J .000,
nut horlzed 5
bonds are
guaranteed; the latter are ublect to call al 105 between Api 10 1910 and
Apr. uiiMi. V. 79, p. 281, 289.
See table above
Litigation, V. 77, p.
198.
Pres., W. S. Cheesman; Treas, D .11. Moffat.— (V. 80, p 1H4;V.
81. p. 1613.)
I
.
1
,
.
1
%
Whom.
J
J
J
g
g
g
5 g
5 g
NY
.)
\I
5
5
5
Dividend.
July
1
Mch
1
Co,
Jan
Jan
Jan
Union Trust Co,
S Central Trust Co. N Y
J Guaranty Trust Co, N Y
J Knickerbocker Tr Co, NY
J
5g
5 g
5g
H B
J
J
Hollins
&
do
J
M
When Due.
N
N Y
NY
NY
Y
Y
do
Mercantile Trust Co,
J
J H B Hollins & Co,
J
D Colonial Trust Co, N
& 6 Various.
text. J
& J Central Trust Co. N
do
do
5 g
J
& J
1924
1932
1944
1 1945
1
1948
July 1 1927
May 1930
Nov 1 1927
Dec 1 1950
July
July
1
1
1
& J Redmond & Co, NY
Jan 1
& J
Jan 1
Q-F Guaranty Trust Co, N Y J'ly31
do
do
Jan 1
4^gJ & J
M & N Standard Trust Co. N Y May 1
48,901,600'.
28,186,200'
'
2004
1954
1930
1930
1906,1
1922
1934
'
July 10 '06.
3,920.000
5
6
6
6
al ,000 ,000,
2,843,000
2,000,000
g
g
g
& J
& D
& N
& S
J
!J
g
H
iM
iM
Treasurer, 25 Broad, N
Internat Tr Co, Boston
Treasurer, 25 Broad, N
Y July
Dec
Y May
.Sept
DETROIT CITY GAS. — Organized
Mch. 1898 and owns
in
1
1
1
1
1
%
1925
1921
1920
1926
all
the gas
properties in Detroit, Mich.
Has a franchise till 1923 from the city. In
Jan. 1906 the Amer. Light & Traction Co. acquired about 97
of the stock.
V. 82, p. 283, 989.
STOCK. Authorized, $5,0"00,000, all outstanding; par. $50. Dividends, 2y %, 1899; 1900, 5%; 1901, May, 2 V %; in 1903. 5
in 6
ctfs.,
2
2
paid Dec. 1904; in 1904, 5%; in 1905, 6%.
Later dividends not published
BONDS. The prior lien mtge. is for $6,000,000, of which $381,000 to rePrior lien bonds are subject to call at 110.
tire the outstanding 5s of 1893.
Of the gen. 5s of 1903 ($10,000,000 authorized issue, Equitable Trust>Co. of
N. Y., trustee,) $6,000,000 are reserved to retire the prior liens; present issue, $500,000; Nos. 1 to 1 ,000 mature $100,000 yearly from July 1 1913, but
are subject to call at par; if called, holder may take in lieu of cash new bonds
maturing July 1 1923, subject to call at 105; balance matures July 1 1923.
V. 77, p. 253; V. 78, p. 822.
REPORT. Statement to N. Y. Stock Exchange, with balance sheet of
April 30 1904, was in V. 79, p. 102.
For 11 months ending Nov. 30 1904, gross, $1,327,421; net, $679,075;
interest charges $307,058: balance, surplus, $372,017.
OFFICERS. President, Emerson McMlllIn, New York; Gen. Man., A.
P. Lathrop, Detroit, Mich. Directors June 1904, V. 79, p. 102.— (V. 79,
p. 102, '2459; V. 80, p. 653, 1974; V. 82, p. 283, 989.)
%
—
%
%
—
—
—
—
DETROIT EDISON CO.—ORGANIZATION. Incorporated In Jan.
1903 and absorbed the Edison Illuminating Co. of Detroit and Peninsular
Electric Light Co.; does entire electric-light business in city. V. 76, p. 215
new generating plant of 16,000 horseControlled by North American Co.
power was placed in operation late in 1904. V. 79, p. 2645. Stock authorized. $6,000,000; issued, $5,000,000; par, $100.
BONDS. Remaining bonds can only be issued for not exceeding 75 of
the cost of additions and improvements. V. 77, p. 2037.
Year ending May 31 1906, gross, $929,630; net, $362,908; bond interest,
$262,429; balance, surplus, $100,479.
Pres., C. W. Wetmore; Sec, S. W. Burt; Treas., Geo. R. Sheldon. N. Y.
Office, 30 Broad St.— (V. 82, p. 454.)
A
—
%
DETROIT MACKINAC & MARQUETTE RR. LAND GRANT.— Under
the reorganization of the Det. Mack. & Marquette RR., foreclosed Oct.
1886, the holders of the land grant Income bonds retained their lien on the
lands along the line of the road in Northern Michigan. See V. 76, p. 751.
Interest is payable Apr. and Oct. as earned, at not exceeding 7 % yearly;
outstanding, $1 ,432,000: of the bonds, $1 ,339,000 purchased in 1903 to July
1905.
V. 77, p. 173, 1871, 2035, 2280; V. 79, p. 627.
From Oct. 1892 to Apr. 1902 2 % interest was paid (1 % each in A.&O.)
Central Trust Co., N. Y.; in Apr. 1903 to Apr. 1906, both incl., 3" %
at
3
In Aug.
each (A.&O.). See report Feb. 1879 to Jan. 1900; V. 70, p. 684.
1902 sale was arranged for about $1,250, 000 of 1,000,000 acres (reserving
This left unsold Jan. 1
for the bonds mineral rights in Marquette County)
1906 182,351 acres, besides mineral rights on 94,134 acres. V. 77. p. 91.
In Mch. 1903 a protective committee, Jefferson M. Levy, 20 Broad St.,
Chairman, requested deposits. V. 76, p. 707, 751; V. 77, p. 253, 1873.
Statement for period from Oct. 1 1903 to Jan. 1 1905 was in V. 77, p. 8171.
(V. 80. p. 1234; V. 81, p. 155, 1100; V. 82, p. 804.)
DETROIT UNION RR. DEPOT. See "Supplement," Oct. 1897.
DIAMOND MATCH. ORGANIZATION, &c. Organized in 1889 un
Owns factories at Barberton, O., Detroit, Mich., Oshder laws of Illinois.
kosh. Wis., Oswego, N. Y., &c; controls companies in England, Germany,
Switzerland, Peru, South Africa, &c; see V. 76, p. 380, 656; V. 82, p. 389:
store properties at Philadelphia and St. Louis and saw-mills, with extensive
As to California lumber
pine stumpage. V. 73, p. 135; V. 76 p. 380, 1087.
purchase, see V. 76. p. 380; V. 78. p. 700; V. 80, p. 648: V. 82, p. 389.
Br. &;May, V. 76, p. 656; V. 77, p. 351, 629; V. 78, p. 289; V. 79, p. 2590:
V. 80, p. 715. Selling arrangement, V. 82, p. 512.
1893
1894.
1895.
1896 to June. 1906.
DIVIDENDS.
1
10
211-9
20
Slncel892
16 (2*4 quar.)
%/
Dividends are expected to be reduced to 8'\, to provide money for Improvements. V. 82, p. 1159, 1325.
STOCK. Increased In 1895 to $11,0110,(100 and In 1899 to $15,000,000.
Stockholders voted May 1 1906 to increase the stock to $16,0011.1100. the
$1,000,000 new stock being offered to them at par, payable on or before
June 15, the proceeds to build new factories in California and acquire lands.
V. 82, p. 389, 754, 1381.
REPORT Fiscal year changed to end Mch. 31. Report for
1905 in V. 82, p. 389, showed net, $1 ,772,280; In 1904, $1 ,653,369; In 1903,
Pres., O. C. Barber; Treas.. J. K. Robinson: Sec, W. C. Find$1 ,821,089.
General offices, 56 Michigan Ave., Chicago; New
ley; And.. H. C. Cranz.
York office, in Broadway. (V. 82, p. 1043, 1159, 1325, 1381.)
.
—
—
—
—
—
—
ANNUAL
—
DISTILLERS' SECURITIES CORPORATION. ORGANIZATION,
In New Jersey on Sept. 18 190 2 as successor per plan V. 71. p
Incorporated
1310, 1358, of the Distilling Co. of America, the latter haying control of the
American Spirits Mfg. Co., Kentucky Distilleries & Warehouse Co., Spirits
Distributing Co. (dissolved In 1902) and Standard Distilling & Distributing
I'n.; see v 68, p. ii'2i (dissolved In 1905); also several rye whiskey concerns.
1, 1st or properties.
Including Hannls Distilling Co. V. 69, p. 179. 194,745
Independent distilleries, v. 74,
V. 7:1, p. 136; v. 71, p. 810; V. 69, p. 957
Allj Republic Distilling Co.. V. 81,
p. 157: official statement, V. 76, p. 100.
p. 161 I.
Owns oyer 90 "'„ of the stock's of 1 he Distilling Co. of America. The new
bonds are secured by the deposit of the stocks and bonds acquired, and are
redeemable al 108 after 1908 and convertible al option of holder into stock
at par al
any time
till
Oct.
I
1912.
DIVIDENDS. Jan. 1908 to July 1906, both incl.,
REPORT.- Report for year ending June 30 1905
",',
1
quarterly.
In V. 81, p. 1098.
sales of constituent companies and all other income $71,210,117; gross profits, $3,727,216; Int.. taxes, additions, flic., $2,158,334;
net profits, $1,568,880, against $1,697,987 In 1903 01; dividends (4%),
See also V 75 p. 90
and balance s licet s
XI ,317,009; bal.. sur,, $251 .871
or proprletarj companies, V 73, p. 898.
(Pres.), Lawrence 1.. Gillespie (ChairDIRECTORS. B J.
man oi Board). W, P. Ward (V. P.), \.mory G. Hodges, Russell Murray,
w. Brentwood smith, J. E. rlulshlzer. Executive Committee E.J.Curley,
W. P. Ward. Ainorv O. Iloclres. Sec Ticis., R. C. Kami, N. Y Office,
120 Broadway.
(V. 81, p. 1794; V. 82, i>. 1381.)
showed gross
.
.
I
,
CURLEY
DOMINION COAL
.
.
I
5
— PrinciStocks — Last
pal.
and by
2,500,000
5 g
J
250,000;
5g |J
10,250,000 See text.
470,000;
4,692,000
iy g
2
M
ated
Where Payable,
Payable.,
$4,838,000'
3, 500.0001
3,500.000!
1,500,000
10,635,000
3,500,000
1,285,000!
1,250,000'
5.916.000;
1,016.000
5
10,000,000 See
2,500,000:
Consolidation Coal Stock
First
$750,000 gold sink fd redeem each Jan at 105_.G 1897
Refunding M $7,500,000 auth gold sink fd red 110-.S c*&r 1904
Continental Tobacco See American Tobacco Co.
100
Corn Products Refining Common stock $50,000,000
100
Preferred stock 7% cum also as to assets $30,000,000
Allied Companies of Corn Products Reflni ng Co.
Unassumed Bonds of
1,000
National Starch deben gold s f $8,000,000 call at 105.. Ism 1900
1,000
United States Sugar Refinery gold first mortgage
1,000
Ma 1890
National Starch Mfg Co 1st M gold (sinking fund)
See text.
N Y Glucose Co 1st $2,500,000 gold sink fund (see text) 1901
,000 held by trustee of National Starch deben tures.
aOf these $491
M
When
Rate
Outstanding
ue.
$1,000
1.000
1.000
1,000
1804
1898
1897
1890
1897
1900
Amount
Bonds
—
Size, or
of
notes on
see
page of tabUs.
first
[Vol. lxxxiji.
III
CO.,
ORGANIZATION.
LIMITED.
-Incorporated
1893.
he Dominion Iron do Steel Co. made In 1902 was anlease
to
nulled as or line 30 1903.
V. 77, p. 2342,
As to new contract for supplying coal to lie Steel Com pan y expiring nil 2. sec V. 77, p. 772. 826; \ 78,
contract wit h Mass Gas Companies, v. 75. p. 1257.
p. U17:
Output calendar year 1905. 8,189,657 tons; In 1904, 3.023,522 tons.
The
I
.
t
1
.
I
.
INDUSTRIAL STOCKS AND BONDk
July, 1906.
INTEREST OR DIVIDENDS.
MISCELLAJVEO US.
Date
For explanation of column headings,
first page of tables.
&c,
notes
pal.
of
Par
Amount
Value.
Outstanding
on
—
—
—
—
—
—
—
—
—
AND
%
1904
100
100
1,000
100
1,000
100 dec
500 &c
50
1,000
1,000
1,000
1,000
1,000
100
100
1,000
1,000
100
100
500 &e
100
100
1903
1898
1894
1903
1898
1893
1903
1903
1902
1895
1905
1899
1903
500
100
1,000
1906
STOCKS
BONDS. Common stock, $15,000,000. Stockholders
cum. pref. stock and $7,000,000
April 17 1905 authorized $3,000,000 of 7
of 35-year 5
bonds.
A syndicate purchased the new pref. stock and
pref. stock and
$5,000,000 of bonds.
The outstanding $3,000,000 of 8
bonds were called and retired and the floating debt paid.
$2,435,000 of 6
New bonds (Royal Trust Co.. Montreal, trustee) are subject to call after
May 1910. Sinking fund of about $79,000 yearly, beginning 5 years from
their date, from which bonds will be called yearly at 105, beginning May
1911.
V. 80, p. 1365, 1481; V. 81, p. 1732.
The new preferred stock will be convertible, $ for $, into common stock at
holder's option to May 1 1910. and thereafter be subject to call at company's
option at 125 and accrued dividend, and entitled in case of liquidation to
par, 15
premium and accrued dividends in preference to com. stock. No
of outstanding
additional mtge. can be made without the consent of 51
common stock. V. 80, p. 1732. The plan reduced charges, including
pref. dividends, during first five years, to $460,000, against $730,137 In 1904
and about $655,000 in 1903. Cape Breton real estate debentures, $353,785,
and Dominion rolling stock debentures, $265,413.
DIVIDENDS.— Old pref. paid in full to Jan. 1905, incl. (4 J. & J.).
On old com. stock 4 Oct. 1 1902; Jan. 1903 2 %; April, 2 %; July, 2 %;
Oct.,lH%; 1904, Jan., 3 %; none later. First dividend on new pref.
yearly, was paid
for period from May 12 to July 31 1905, at rate of 7
Aug. 1; in 1906, 7% (F.&A.)
at length was given in V. 82, p. 460, showing net earnings of
$1,573,832 in 1905, against $1,620,475 in 1904; int. on bonds, sink, fund,
dec, $329,245; div. on pref., $220,916; bal., sur., $1,023,671.
Pres., James Ross, Montreal.
Directors March 1904, V. 78, p. 1112.
(V. 80, p. 1915, 1726; V. 82, p. 449, 460.)
%
%
%
%
%
%
%
%
REPORT
—
—
—
CO. ORGANIZATION. Organized
under the laws of Nova Scotia on June 17 1899; Is building iron and steel
works at Sydney, Cape Breton, to have, it Is said, a daily capacity of 1 ,000
tons of steel.
Owns four blast furnaces, open-hearth plant (five of ten furnaces being in operation) billet mill, blooming mill, rod mill, with capacity
of 250 tons daily, &c
See V. 79, p. 2203. The rail mill, 700 tons daily
capacity, has been operated since June 1905.
The plant will have 800 eoke
ovens (550 completed May 1906). V. 76, p. 544; V. 77, p. 149; V.81, p. 1549.
In Dec. 1903 the lease of the Dominion Coal Co. was canceled and the
floating debt largely reduced by cash received from the latter.
The proceeds of the $2,500,000 second mortgage bonds will be used to complete the
mills under construction and other improvements.
V. 77, p. 772, 826,
2342; V. 78, p. 1394; V. 80, p. 1481.
DOMINION
IRON
STEEL
&
,
— Common,
subject to
7%
STOCK.
cum. pref. stock ($5,$20,000,000, all issued;
000,000)
call at $115 per share or convertible into com. stock at
holder's option.
Bounty decision, V. 75, p.
V. 72, p. 778; V. 74, p. 530.
1402; V. 77, p. 149; V. 79, p. 502.
Dividend on preferred,
Oct. 1 1901; in 1902 7 % (A. & O.); 1903
April, 33^ %; none since to July 1906.
V. 77, p. 826.
3^%
BONDS. —Trustee of 1st mtge., Nat'l Tr. Co. of Ontario, Montreal, Can.
Bonds may be purchased or called (drawn by lot) at 110 and int. for sink,
fund or In such amounts as may be desired on July 1 yearly. V. 71 p. 1122.
The $2,500,000 2d mtge. 6 % bonds mature $250,000 yearly on Oct. 1, be,
ginning 1905.
V. 76, p. 1251, 1357, 1410; V. 77, p. 149, 630, 826; V. 80,
Real estate bonds May 31 1906, $55,833.
p. 1481, 2461; V. 81, p. 1549.
REPORT. Fiscal year now ends May 31. Report for year ending
May 31 1906 in "Chronicle," showing total net Inc., $1,406,306; int. and
sink, fund, $753,711; bal., sur., $652,592.
For 5 mos. ending May 31 1905
total net inc., $370,859; int. and sink, fund, $299,327; bal., sur., $71,532
Pres., J. H. Plummer, Montreal; V.-P., L. J. Forget, Montreal.
(V. 81
p. 214, 1243, 1549; V. 82, p. 1500.)
—
—
—
—
DULUTH EDISON ELECTRIC CO. ORGANIZATION. Incorporated
Minnesota in 1906 as successor of the Duluth General Electric Co. Has
unlimited franchise and 10-year contract with Great Northern Power Co.
expiring July 1915 to provide power on advantageous terms.
V. 82, p. 573.
In
STOCK. — Com.
Div. on pref.,
stock, $470,000, and pref. cum., $1,000,000,
qaur., paid July 1 1906.
V. 82, p. 1500.
all
issued
l'A%
—
BONDS. Of the bonds ($2,000,000 authorized issue) the $1,000,000
balance are issuable for 80% of cash cost of additions and improvements,
provided for 12 months preceding net earnings shall have been twice the
Interest charges. Including the additional bonds.
They are subject to call
at 105 as a whole or by an annual sinking fund of $25,000, beginning Jan. 1
1908, Interest to be paid on bonds purchased for benefit of sinking fund.
See V. 82, p. 572.
EARNINGS. — Year
ending Jan. 31 1906, gross. $262,430; net, $130,541;
on $1,000,000 bonds calls for $50,000; bal., sur., $80,541.
Pres., A. W. Hartman; Sec, C. E. Van Bergen; Treas., F. Hartman.
(V. 82, p. 572, 989, 1442, 1500.)
Int.
—
E.
I.
DU PONT DE NEMOURS POWDER CO.— ORGANIZATION
—
Incorporated May 19 1903 and took over various properties controlled by
the Du Pont Interests, and has acquired others. V. 76, p. 1251; V. 77, p.
453, 1535, 1748; V. 78, p. 290, 1112: V. 82, p. 1214.
DIVIDR.YDS.— On
pref.,
5%
yearly
(Q.-.I.)
Oct. 1903 to July 25 1906,
both Inclusive. On common, Dec. 1904, >A%: 1905, 3J4%; 1906, Mch.,
June, l'A%; Sept., 1%%. V. 83, p. 99.
',',;
BONDS. — The 4^s
of 1906 ($16,000,000 authorized) are a first charge
on the entire property; they arc not secured by mortgage or deposit of col
lateral.
Of the issue $9,200,000 were used to retire a part of the preferred
stock and $1,012,000 were exchanged for subsidiary bonds, the balance,
$5.788, iioo. being reserved to take up the remaining subsidiary bonds.
V. 83, p. 158.
%
Year
—
1904.
Net income.
$4,950,55.-)
4,277.917
OFFICERS.— Pres..
Alexis I. du Pont.
p. 99, 158.
New
for cal. year 1905, In
Pref div (5 %)
.
V. 82, p. 865, showed:
Com.
.
$1,211,518
1.211,518
(3
(
H
H
div.
%) $845 ,315
%> 120,759
Bal., sur.
$2,893,722
2,945.640
T. C.
CO. (OF
—
NEWJ ERSE Y) .—ORGANIZATION.— In-
Jersey Oct. 24 1901 as an amalgamation per plan V. 73,
p. 1114, of various operating companies, of which It owns practically all the
stock.
See list V. 67, p. 1160, 1207: V. 69. p. 387; V. 75, p. 735, 613; V. 77,
p. 253, 300; application to list, V. 80, p. 1477.
In
Whom
and by
Nov
See text
6
g
g
1905
5 g
5
g
5 g
5 g
1905
See text.
4 in 1905
5 g
6 g
See text.
7 In
7
5g
& J Washington Trust, N Y
3
& J Fourth Nat Bank, N Y
J
& J do do and Denver
J & D Checks mailed _.
J
& J Emerson McMlllin, N Y
Guaranty Trust Co, N Y
F &
Emerson McMlllin, N Y
J
&
Office, 30 Broad St, N Y
J
&
A & O Central Trust Co, N Y
Q— By check from N Y office
Q— By check
A & O Mercantile Trust Co, N Y
M & S Manhattan Trust Co, NY
See text.
F & A Checks mailed
M & N N E Tr Co, Bost & Mont
A &
,000 ,000 See text
5
g
M
O
&
1913
%
Julyl '06, 154
1 1918
July 1 1914
July 1 1923
Dec 1 1905, 3%
Jan 1 1923
Feb 1 1918
See text
Jan 1 1933
Oct 1 1911
June 15 '06, 2H
July 27 '06, 1
Jan
%
Oct 1 1927
Sept 1 1915
See text
Aug
May
2 '06,3
1
H%
1940
%
Apr 1903 3 H
July 1 1929
To Oct 1914
O; Montreal, Canada
July 1 '06 1 y
J
2
s'oidColony Tr'do," Boston March 1 193
See text. See text.
& J
5 g
J
6
1
June 28 '06, 1^
Pittsb'h Oct 21 '06-*08
J
g
%
6 In
Q—
A21 & O Union Trust Co,
Q— Checks mailed
.
7 In 1905
5
5
5
When Due.
Dividend.
6
1,000.000
Bank
of Montreal,
Can
%
Stock authorized, common. $25,000,000; pref. (also as to assets), 6%
cum., $10,000,000; outstanding, com., $19,524,700; pref.. $6,175,700.
No bonds. Dividends on pref. in full to July 2 1906, inclusive (paid
Q.-J.)
On common, Oct. 1902 to July 1906, inclusive, 10 % yearly (2 y %
2
.
2H%
and in Jan. 2%. and May 1 1906,
extra.
Report for cal. year 1905, V. 82, p. 1749, showed: Net profits, $4,013,913; dividend on pref. (6%), $365,217: div. on com. (12%), $2,342,964;
outstanding stock of subsidiary companies acquired, $5,232; bal., sur.,
$1,300,500.
Pres., George Eastman; 1st V.-P. and Treas., Henry A.
Strong: Sec, Albert O. Fenn.
Office, Rochester, N. Y.
(V. 81, p. 1552;
Q.-J.),
—
V. 82, p. 694, 749, 807.)
EDISON ELECTRIC ILLUMINATING CO. OF BOSTON.— ORGANI-
ZATION.
—
Incorporated in 1886.
In 1903 controlled entire electric light
business of city.
ReV. 75, p. 1251; V. 76, p. 1251, 1303; V. 81, p. 157.
duction in prices July 1 1906, V. 83, p. 40.
DIVIDENDS.— In Feb. 1901 3 %, including 1 extra; May 1901 to Aug
1906. both inclusive, 10% yearly (paid Q.-F.).
BONDS. Bonds are $289,000 Boston Electric Light 1st 6s (int. M. & S.)
due Sept. 1 1908: $961,000 first consol. gold 5s (authorized issue $1 ,250.000)
due Sept. 1 1924; $50,000 Somerville Elec. Light 5s, due 1913, and $175,000
Woburn Light, Heat & Power Co. 6s, due 1918, int. A. de O., at Mercantile
Trust Co., Boston.
REPORT. Report for year ending June 30 1905 In V. 81, p. 1434:
Year
Gross.
Oth.inc. Interest.
Divid's. Bal., sur.
Net.
1904-05. ..$3,346,027 $1,202,921 $33,286 $94,021 $1,070,770 $71,416
1903-04... 3,125,517
1,115,826
973,405
77,409
37,396 102,408
OFFICERS. Pres., Charles L. Edgar; Treas., Henry B. Cabot. Office,
3 Head Place, Boston, Mass.
(V. 81, p. 1434; V. 83, p. 40.)
%
—
— —
—
—
EDISON EL. ILL. OF BROOKLYN.— See Kings Co. El. L. & Power.
EDISON ELECTRIC ILLUMINATING CO. OF NEW YORK. — See N. Y.
Edison Co. under Consol. Gas of N. Y.; also April 1899 "Supplement."
—
—
ELECTRIC BOAT CO. ORGANIZATION. Incorporated In New Jersey on Feb. 25 1899 and acquired all of the capital stock of the Electric
Launch Co., the Holland Torpedo Boat Co. and the Electro-Dynamic Co.,
V. 69, p. 697.
&c.
Par, $100.
Issued, common. $4,999,600; pref., 8 %
non-cum., $2,597,500. V. 69, p. 697. Div, on pref., 2 % Q.-J., paid Oct.
1903 to July 1906, both incl. Pres., T. L. Rice; Sec, Maurice Barnett,
11 Pine St.
(V. 82, p. 163.)
—
—
ELECTRIC CO. OF AMERICA.— ORGANIZATION. Incorporated
Jan. '99, in New Jersey.
V. 68, p. 85.
In 1899-00 purchased control
in
of
electric light plants in several cities.
See list, V. 80, p. 2342: V. 70, p. 943;
V. 74, p. 325; V. 73, p. 238, 289, 495; V. 79, p. 106. Stock, $5,000,000, of
which $4,078,780 issued: par of shares, $10 each, full pd. See V.77, p. 1296.
Stockholders were offered the right to subscribe at par for $407,865 new
stock, payable between Dec. 18 and Dec. 30 1905.
V. 81 p. 1613, 1552.
Bonds are $84,000 Canton (O.) Light, Heat & Power Co. 6s, $308,000
Auburn (N. Y.) gold 5s, $100,000 Scranton Illuminating. Heat & Power
5s, due March 1 1923, but subject to call after 1913, and $50,000 Muncie
Electric Light 6s.
V. 73, p. 238, 495, 1088; V. 79, p. 106.
DIVIDENDS. 50 cts. per share each paid July 1899 to Jan. 21 1901,
Inclusive (J. -J.); July 31 1901, 25 cts.; Jan. 31 1902, 25 cts.; July 15 1902
(extra div.), $1 50 (see above); Aug. 18 1902, 25 cts
1903 and 1904, 6%
per annum; 1905, 7% (J.&.I.); 1906, Jan., 3 34%. Status April 1903, V. 76,
Report for 1904 was in V. 80, p. 2342. In 1905 total net Income,
p. 921.
$408,901, agst. $440,931 in 1904; div. paid, $285,505; bal., sur., $155,426.
OFFICERS. Pres., A. Loudon Snowden; V.-P., John H. Catherwood:
2d V.-P., H. T. Hartman: Sec. and Treas., Frank B. Ball. Office, Land
Title Bldg., Phila.— (V. 81, p. 1495, 1552, 1613.)
,
—
:
—
—
ELECTRIC STORAGE BATTERY Incorporated In
New Jersey. Owns basic patents for storage batteries.
1888 under laws of
(V. 69, p. 76, 850.)
Acquired in 1899 $6,364,600 stock of Electric Vehicle Co. and in Oct. 1902
an English company. V. 75, p. 908; V. 76, p. 657, 921; V. 77, p. 34, 91.
Statement showing properties, dec, V. 77, p. 34; V. 76, p. 868.
STOCK, dec. Stock authorized, $18,000,000; outstanding, pref., 1 %
cum., $234,200, convertible into com. stock, share for share; com $16,015,225; par of shares, $100.
After 1 % on pref., com. and pref. share equally.
On com., April 1 1901 to July 2 1906. both incl., 1 '4 % quarterly (Q.-J.).
EARNINGS. Statement for cal. year 1905 in V. 82, p. 801, showed total
—
,
—
net earns., $1,213,987; divs. paid, $812,440: bal., sur., $401,547: total sur.
Dec 31 1905, $3,556,994. See also report for 1900 in V. 72, p. 578. Pres.
Herbert Lloyd; Sec. & Treas., Walter G. Henderson, Phila. Directors, May
1903 V. 77, p. 34. Office. Allegheny Ave. and 19th St., Phila.
(V. 82, p.
695, 801.)
—
ELECTRIC VEHICLE CO.— ORGANIZATION.— Incorporated in 1897
under the laws of New Jersey. V. 70, p. 1197, 1252; V. 71, p. 1169. S
V. 69, p. 850.
As to status in Sept. 1901, see V. 72, p. 495. Decision up
holding Selden patent, see V. 76, p. 754; V. 77, p. 253.
SECURITIES.— After 8 % on com., divs. are to be divided pro rata o
tween the com. stock and pref. stocks. Electric Storage Battery Co. In May
1903 owned $3,152,300 pref. and $3,212,300 com. stock and $544,000 bonds.
DIVIDENDS. On pref., April 1899, 8 %: April 1900, 2 %. On common.
In 1899,
—
8%.
None
M.
Budlong.
Last report In V. 69, p. 850.
Executive committee: Philip T. Dodge. H. H
Vreeland. Albert Taylor, Grant B. Schley Jr., M. Gavin 2d, W. O. Knudsen
Office, Hartford, Conn.
(V. 77, p. 253: V. 79, p. 1464.)
Pres..
J.
since.
—
EMPIRE STEEL & IRON CO.— Incorp.
DIVIDENDS July '1)0 to July '00. '01.
In
N.
J.
1899.
V. 68, p. 524.
'05.
1906.
3
3
5\4
2H
RKPORT.— Report for year ending Dec. 31 1905 was In V. 82. p. 1267.
showing net earnings lover $11,486 charged olT for depreciation), $124,265;
Imp'ts charged off, $32,753; dividend (3%) on pref.. $75. DD0; bal., sur.,
$16,512; total surplus Dec. 31 1905, $l!).">.llo.
on
du Pont; Treas., Pierre S. du Pont; Sec,
Main office. Wilmington, Del. (V. 82, p. 1442; V. 83.
EASTMAN KODAK
corporated
Where Payable,
Payable.
1
REPORT. — Report
1905
$300,000
24,578,400
24,436,500
See text.
See text.
836,000
8,000,000
1,000,000
5,000,000
5,618,000
381,000
500,000
5,948,000
1,432,000
16,000,000
30,435,943
13,992,999
1,521,000
15,000,000
3,000,000
5,000,000
20,000,000
5,000,000
7,811,000
2,178,000
1
When
Rale
—
—
— PrinciStocks — Last
Bonds
Size, or
Bonds
see
Corn Products Refining (Concluded)
St Louis Syrup & Refining- first mortgage gold
Crucible Steel Co of America Common stock $25,000,000 au
Preferred 7% cumulative $25,000,000 authorized
UP1 c*
Collateral trust debentures g
Cumberland Telephone & Telegraph Stock $20,000,000
First mortgage $1,000,000 gold s f (other bonds see text)..
Denver Union Water Co First mortgage $8,000,000 gold..
South Platte Can & Res 1st M gold guar (end) red (text) .Mo
Detroit City Gas Stock $5,000,000
N c*
Prior lien mortgage $6,000,000 gold
Detroit Gas consol mortgage for $4,000,000 gold.-Gcccr
general M $10,000,000 gold (see text)..Eq
Detroit City Gas
S c*
First mortgage $10,000,000 gold
Detroit Edison
Income bds
Detroit Mackinac & Marquette RR Land Grant
Diamond Match Stock $16,000,000 (listed in Chicago & N Y)
Stock one class $32,500,000
Distillers' Securities Corp
Coll trust M $16,000,000 gold conv call 105 after '08 (text)c*
American Spirits Mfg. 1st M gold call at 105 s f 5 %..Ma c*
Dominion Coal Common stock $15,000,000
Preferred 7% cumulative (text) convertible redeemable..
First mortgage gold sinking fund (see text) redeemable..
Dominion Iron & Steel Common stock $20,000,000
Preferred 7% cumulative $5,000,000 convertible
First mortgage gold $8,000,000 sinking fund (see text)
Second M $2,500,000 $250,000 due yearly begin Oct 1905
Duluth Edison Elec Pref stk(also as to assets)6% cu red 102
First mortgage $2,000,000 gold redeem 105 sink fund__OB
—
—
163
pref.
(%)./
6 yearly.
3
'02.
3
'03.
'04.
Pres., Leonard Peckltt, Catasauqua. Pa.; Sec. and Treas., J. S. StHlman,
Catasuqua, Pa.
N. Y. Office, 111 Broadway.
(V. 82. p. 573. 1267.)
EQUITABLE GAS LIGHT (OF N. Y.) See Consol. Gas Co.
—
—
OF PHILADELPHIA.
EQUITABLE ILLUMINATING GAS LIOHTCO.
owns
— Organized 1898 by United Gas Improvement Co.. whichcity of a maPhila
jority of the stock, to operate
works leased from the
In
the gas
delphla.
See full particulars In V. 66, p. 426. Common stock Issue
thereafter, $3,125,000.
$3,125,000. pref. stock,
for first year and
4%
6%
INDUSTRIAL STOCKS AND BONDS.
104
MISCELLA XEO VS.
page of
first
Par
Amount
Value.
Outstanding
—
du Pont de Nemours Powder Com stock (25,000,000
Preferred st or k 5 95 cumulatlvi
1,000
Bonds mot inon
G
HO
Eastman Kodak Common stock $25,000 000
(E
I)
1906
—
100
100
1901
5%
—
—
1902
Sink, fund of S124,(ioo yearly is to retire bonds at 105; and beginning In 1908
the Improvement Co. agrees to create a sink, fund to retire tiie stock in
1928, when the property is to revert to the city.
Lease may be terminated
by city In 1908 on makJ
Total expended for Improvein payment.
I,
ments to Dec. 31 1905 was $1
p. 2348, 1977. L738;
V. 82, p. lloi
DIVIDENDS.-1898. 1899. 1900. 1901. 1902. 1903. 1904. 1905. 1900
Commo
4
(%)
i
4
— (V.
V.
80, p. 1732;
6
6
6
6
<;
—
6
June, 3
6
283, 1043.)
ERIE TELEGRAPH & TELEPH. See West'n Teleph. & Telegraph Co.
ERIE & WESTERN TRANSPORTATION CO ORGANIZATION
Owns terminals, incl. grain elevators and freight warehouses, at Chicago,
—
—
111., Bufralo. .\. V., and Erie. Pa., and vessels plying on the Great Lakes, all
used by the Peon. HR., which Jan. 1 '06 owned $2,499,650 and Northern
Cent. }<y. §590,000 of the $3,000,000 stock.
Bonds are guar, by the Connecting Terminal RR. of BuiJalo and Western Warehousing Co. (of Chicago)
they are subject to call at 105 after Jan. 1 1910. V. 70, p. 432; V. 80, p.
711: see application to list, V. 81, p. 724.
For 10 years ending Dec. 31
1903 dividends were at the rate of 4
yearly; in 1904 and 1905,
to 5
none.
In 1903 gross earnings were $1,118,936.
Office, 25 South 15th
%
Philadelphia.— (V. 81.
St.,
—
FAIRMONT COAL
%
p. 724.)
—
—
CO. ORGANIZATION. Incorporated in West VirJune 19 1901 as a consolidation of 11 of the leading coal companies In
the Fairmont, W. Va., ranges along Monongahela River, on B. & O. RR.
Owns 30,280 acres of coal lands and rights and about 4,030 acres of surface;
also 24,986 acres under perpetual lease.
See V. 74. p. 98, 431. The Consolidation Coal Co. of Maryland (see above) which also controls the Somer-
ginia
,
owns $6,001,200 of the $12,000,000 stock.
The Fairmont owns $2,360,800 of the $3,000,000 Clarksburg Fuel stock
and $1,350,000 Northwestern Fuel Co. stock: $1,125,100 of the $2,250,000
Pittsburgh & Fairmont Fuel Co. stock, and $400,000 stock and $500,000
bonds of the Southern Coal & Transportation Co., owning about 4,500
set Coal Co.,
V. 78,
sburg, W. Va. (the last named acquired July 1906.)
V. 79, p. 2699; V. 82, p. 1154; V. 83, p. 158.
Clarksburg Fuel Co.
105, V. 82, p. 1155) has outstanding $2,046,000 1st 5% and
$393,000 6
bonds, and the Pittsburgh & Fairmont Fuel Co. (report for
1905, V. 82, p. 1155), $1 30
100 10
ai gold 5s (TJ. S. Mortgage & Trust
Co., N. Y., trustee)
ubjeel to call at 110, interest J & J.
Tonnage mined in 1905, 3.748,230 tons; in 1904, 3,750.176 tons.
Bonds.
Date.
Int.
Outstanding.
Maturity.
6 F&A
American Coal & Coke
$190,000
Feb. 1 1911
1901
Briar Hill Coal & Coke M
1900
5 J&D
215,000
June 1 '06-'13
Fairmont 1st M. of 1901
See table at top of page.
Of the 5s of 1901, $405,000 are reserved to retire the underlying bonds
and $324,000 to retire the 6s of 1901, which were called for payment at
Sinking fund for bonds, 2 cents per ton of coal
105 on Jan. 1 1906.
mined. Car trust notes Dec. 31 1995, $162,810.
Divs., 1904, 2%; 1905, 3 (incl. extra): Feb. 1906, 2%.
Dividend*.
REPORT. Report for year ending Dec. 31 1905 in V. 82, p. 1154.
Year.
Gross.
Other inc.
Charges.
Dividend. Bal.. sur.
Net.
1905
$3,518,674
$669,709
$320,996
$618,389
$240,000
$132,316
87 1,65 1
1904.. 3,75 1.152
360,000
283.934
332,333
563,053
Pres., (.'. W. Watson.
Office, Baltimore, Aid.: sales office, 1 Broadway,
New York.— (V. 81. p. 1045: V. 82, p. 221. 807, 1154; V. 83, p. 158.)
FEDERAL MINING & SMELTING CO.— ORGANIZATION.— Incorporated under laws of Delaware Jum
Lvei lead mines In
win, tdaho.
Ha
ear contract, expiring Sept. 1
1909, to
output of present mine to American Smelting & ReIn
79. i). 2691. 2089; V. 77. p. 203; V. 81, p. 1377.
,,,
May 191
Imelters' Sei
ontrolled by the American Smeltl
Qg Co.) acquired control.
V. 80, p. 1974.
STOCK. Pref. has no voting powei
-lion with increase
of pref. tock.fc
to assets In case of dissolution.
No bonds.
p. 1272:
i
.
M
—
—
1
•.
-
,
1
—
•
to
arch and
extra qin
1
1
It'
c.
to
June
June
icl
I
J
md
com,
Fo
tra
Nel
'-
12,697; dlvs. paid, $1,098,896; bal., sur.,
ireeney; V.-P
a, Edwin Pacl
pi
Dlrecto
Ick J. K'liner.
I
Men
i
i..i-.v
.
vi.
on May
John
EC.
ii
and Geo. W. Vo
Horace G. B
<ii.
Hills,
1
1
Bradl
in
1
Co.
it
1.
pi
.
\.
J.
V. 75.
1
-
101
80
%
%
REPORT. — Renort
for year ending Dec.
1905, with bal. sheet, in
;'.l
p. 279. showed: Net profits, si.662.41ii: charged oil. $320,425; div.,
on pref., $600,000; bal., sur., $741 ,985. On pref., Oct. "99 to July 'oh,
both Incl.,
Q.-J.i.
com., 1900 to 1902, both Incl.,
11
per
4
V. 82, p. 283.
vearly; In 1903, 5
(Q.-M.): In 1996. Mar.. 2 ";,.
6%
%
6%
annum
On
H
%
H. Nichols; Treas., James L.
— Pres., William 25 Broad St.— (V. 82, 512,Morgan; Sec.
Nichols
N. Y.,
631, 872.)
OFFICERS.
William H.
Jr..
p.
GENERAL ELECTRIC CO.— ORGANIZATION.— Organized
under a
special charter of New York April 15 1892, and manufactures outlits for
electric railway- and all kinds of electrical supplies.
In 1896 pooled patents With Westinghouse Elec. & Mfg. Co.
V. 62. p. 502, 635, 1040; V. 65,
(See V. 68, p. 927.) V. 70. p. 689; V. 80, p. 1481.
p. 151; V. 68, p. 1024.
Contract for power, V. 72. p. 583.
In June 1901 obtained controlling interest in British Thomson-Houston Co.. Ltd.. of London.
In
V. 72, p. 1283.
Feb. 1903 about §2,900,000 of the §3.000,000 stock of Stanley Elec. Mfg.
Co. was purchased.
V. 76, p. 437. Owns entire com. stock of Electrical
Sec. Corp. and Elec. Bond & Share Co. V. 79, p. 1706, 2645: V. 81, p. 510.
In July 1906 acquired Stanley Instrument Co.
V. 83, p. 158.
Owns the rights for the TJ. S. under patents covering Curtis steam turbine
Co-operates
engines.
V. 76, p. 1195; V. 77. p. 2161; V. 82 p. 1272.
with American Locomotive Co. In building of electric locomotives.
V. 79,
1022.
p.
—
STOCK. On July 15 1902 a stock distribution of 66 2-3% was made,
thus restoring the 40% surrendered In 1898.
See V. 74, p. 729, 777. 1199,
1252; V. 75. p. ;i2.
Stockholders on Dee. 5 1905 authorized an increase In
the stock from $48,325,500 to §60,000,000; of the new stock. $6,034,000
being subscribed by stockholders pro rata at par. V. 81, p. 1377, 1668.
DIVIDENDS. (1899 1900 1901 1902 1903 1904 1905 1906
Per cent
3
63^
9
8 Inc. July, 6
8
8
8
DEBENTURES. In 1902 §2,049,400 deb. bonds were issued, redeemable on or before Aug. 1 1912 at par and thereafter at 105 in exchange for
greater part of Sprague Electric Co. stock.
V. 75, p. 139.
VNNUAL REPORT. Vnnual meeting is held the second Tuesday In
Report for 1905-06 was given at length In V. 82. p. 1038, 1047.
Maj
Year endl ng Jan. 31
1906.
1905.
1904.
Income Sales
$43,146,902
$11 ,699,618
$39,231 .328
165,717
750,797
Royalties, &C.
798 539
Interest and discount
314.381
194.745
300,782
Sale of securities, &c
173,390
9
8
138,644
—
\
—
.
—
.
Total
Deduct
Operating expenses and taxes
Interest on debentures
$44,419,613
$40,323,354
§42,783,804
37,025,347
75.106
—
$33,528,136
75,672
$34,918,427
76,007
Balance for dividends, &c
$7,319,160
$6,719,546
$7,789,370
Balance 1905-06, as above, §7. 319,
b dlv. on stock, $3,861,062;
total surplus Jan. 31 1906, $9,569,196; deducting $1,000,000 from patent
account, leaves total surplus Jan.
1906, $12,027,299.
Cash Jan. 31 1906
§6,356,094; accounts receivable and work In progress, $18,783,224; stocks,
bond
real e tate, &c, $19,463,553; accounts payable, &c, $2,109,116.
.".1
DIRECTORS.
Rice Jr.
Treasurer
Griffin (1st V.-P.), Gordon
Jr.. Frederick P.
Plerpont Morgan, J. P.
Eugene
C. A. Coffin (Pres.),
Abbott, Oliver Ames, W. M. Cran
Fish, Geo. 1'. Gardner, Hem
Ord Robert Treat Faint- 2d, T. K
terson Coolldge
fi
gginson,
J.
W.
Henderson, Charles Steele and E.
.
Henry W. Darling; Sec, M.
Westover; N, Y. olllce. 44
V. 83, p. 158.)
GRAND RAPIDS GAS-LIGHT CO.— See Amer. Light & Traction.
GREAT lakes towing CO.— ORGANIZATION.— Incorporated In
N. J. on July 6 1899 as a
Ion of towboat companies along the
Great Lakes.
See V. 69, p. 79. 593; V. 72, p. 778.
Is
Broad St.— (V.
F.
82, p. 99, 1038, 1047, 1272;
1
DIVIDENDS.-1900.
1901. 1902.
:i'..
.
7
Z\4
pref. (%)
Pres. and Treas.. Edward Smith
1905.
(4.
II
On
7
1
eland, O.
I
— (V.
Incl.
1906.
July 5 l*(Q
81, p.
J)
1317.)
—
greene consolidated coi'I'lr co. (Cananca, Mex.) Incorpor15 1899.
Stock. $10,000,000; of this $1,860,ated In West Virlgli
V. 82. p, 221
Par
000 being subscribed for In Feb. 1906 at $25 per share.
Dividends; In
01
hares, $10; no bonds.
In 1903 6 %: In 1904,
1905,
In
2
1
%
monl
bl
;
hi
1906, to June
In
Incl.
Dec. .".l 1905
re
id copper was 25,593,931;
1904 05, 62,838,81
55,014,339 In 1903-04 and
42,310,55 In 1902 03.
Ig July 31 1995, in V. 81, p. 1313, showed total net
Reporl
i,509; chai
sur..
19 %)
profll
$1,641 .600; bal
Pres., W. C.
11,163,787.
Mark L. Sperry; See.. Geo. S.
Office, 21 Broad
bins.
(V. 81, p. 729, 1015. 1177, 1313;
455; V. 83, p ''.,.
p. 221
\
ER CD. V. 75. p. 1205, L964; V. 79. p. 2799.
-
for
'i
fisi
11
1
•
ri
.
1
-
.
HACKENSACK W
Havana TOBACCO CO.—ORGANIZATION.
DIVID1
Dl
-it
Idi
1
d 01
%
i
iM.cc
Alvin
viz.,
'
Turnbull; but
thi
W.
Krei
iiole
in
di b
1916,
I
r,
le
p. 101
mi'
Jan.
ned
1
.
1930.
v 73
'
1
13;
V. 71
In
owi
....
w.
Sewall; Sec,
Bldg., Phila,
V. 82,
•
11
1.
p.
N. Y. on
deb<
ild
n.
-
Office,
and \f
Land
1
4
i71.
m
p
ftockholders
In
Ltd.,
leal Co.
Offl
,
ion
11
1
t
s
\i
1;
H.de Cabanas j
cum., $5,000,000,
S
ear
5
:old
Broadway, N.
rece
n
sioek, 8700.000,
V. 82,
1906,
1
1
in"
il
erties.
.
which
(V. 76
nt
QAS.
ii\
e
See Index
STI
con
all
ock, the 2nd pref.
1
for
calendar year
and
1
V. P. and Sec,
.
U
'
New
directors,
R CO.
ire,
\
.
77, p.
1
•
b,
9*9
ray" Section.
Incorporated In N. J. on Aug. 12
[cultural machines:
larvcstln
Canad
V. 75, p. 345;
Incor-
999, of
outstanding;
'
11
nt In
ne
iiio.id.
1
INTERNATIONAL HARVI
1.
01
N
tock.
15,206
HUDSON COUNTY
used for new plant and Improvemi
In
I
Rcpi
1006.
"i
1
outstand-
CO.—ORGANIZATION,
.1.
icnter;
l,,
pref.
Carbajal
American
all
000 20
78, p
h
N
1908
.1.
Havana
p.
\.
oi
it.
compa
I'd In
1.
Vprll
x.
In
Interests as the
'
100.
ure noti
of old
Repi
V. 80, p.
1093; v. 73
par, the proceeds being
Incorporated
1142, control of the
p,
.
.111
1
CHEMICAL CO.—
L. Morgan
V. 82. p.
1208,
p,
1
\t)'if
'.
,
no
10,00
1
.
qi
in
ii
p. 5
pref. (2
D.
M.
1.,
HERRINa-HALL-MARVIN
1
QENER
I
12 19.1
1).
1
dU Idend on
.
•
.
i
.
.
$13,323,3
$79
i
due
.
ti
'
,
6
\
Stock, com., $30,000,000; pre)
res, $100.
Bo
par oi
la
i.OOO to rem
ewTi
beginning 1906;
p
I
Tobacco Co.
i'.
CTCtlO
Bo
\ia\
le
olved In whole or In pari
1
i
April
on
S.).
voting trustees.
e
I
and G
28 1902 and acquln
ilCo., Henrj CI
1
.so.
ST'
1M%
'06
1
Dec 1905. 6%
June 1906. 3%
J New York Trust Co, N Y Jan 1 1928
J Treasurer's Office, Phila Jan 1 1925
Feb 1 '06, 2%
Checks mailed
J Guaranty Trust Co, N Y July 1 1931
June 15 '06, 4 %
L
V. 82,
1
Limited
VO
mi
July
Q—
,
case 01 liquidation
ae 15 1905.
is to
1
i
right
N
Checks mailed
I
ST'
Jame
J
.
ORGANIZATK
15.
and
klass.,
V
and
"„
1899, 8
Nov 1907
1
eter B.
on, Del.
I'M. VSPHALT CO.
19 1903
or
p. 188; V. 76, p.
July 2
D
1
rreas., F. W.
Da ton, O.;
MacGowan, W. E.
trd
,
W.
1
.
I
G.ii
1906 J
&
1905
Dec
1905 J
&
5 g
jJ
&
Q— M
1995,
In 1904
i
1905, V. 81, p. 131<
.
In
In
<
bo
19
1905
1
1906
15
Aug
1,500,000
4g J &
12,000,000 2 In 1906
Feb
5 & 6 g J
4,953,000
&
Q M
6,000,000 See text.
12.(100,000 7 In 1905
Jnel5 '06,1 %
9.833,000
13,139,663 4"ln"l906 M ~&~~S '.'-'.".'.Zl'.'.l'.'.Z'."'."'.'.'. Sep~i~19~6"6~.~2%
7,410.300 See text. See text. 25 Broad St, New York Men 7 1906, 2%
11 ,(100.000
Q
do
do
Julv 2 "06.1 J*
6
54,306,200 8 in 1905
J 15 Check from Co.'s Office July 16 '06, 2%
2,047.000
3H S F & A Guar Tr Co.N Y; & Bost Aug 1 1942
6
6
6
6
6
6
6
81, p. 510, 1668. 1794; V. 82, p
.
l
—
1,000
100
100
100
100
100
100
100
100 &c
LOO
—
%%
%
%
%
'06,2 H %
'06,1 M %
Jly25 '06 1 \
June
1936
July 2 '06 2 hi
2 '06,1 >4
July
—
6,375,(100
1,000
1,000
7%
Dividend.
Sepl5 '06,1
15
.4110
2,50(1.00(1 3 in
3,125,000 6 in
3,125,000 6 in
1898
1905
— —
—
2,2X1
—
%
Q—M
Q—J
&
O—
Q—
Q—
When Due.
.
Whom.
—
—
Preferred stock 6
..
First mortgage gold redeemable at 105
N
Erie & Western Iransp
red (text) ..QP c*
lsl
Fairmont Coal Co Stock $12,000,000
Mortgage (§6,000,000 sold) sinking fund (see text>-_Gc*
Federal Mining & Smelting Common stock $10,000,000
Preferred (as to assets)
cumulative $20,000 000 auth
General Asphalt Common stock
Preferred stock
cumulative also assets (see text)
General Chemical Co Common stock $12,500,000
Preferred stock also assei
cumulative $12,500,000..
General Electric Common stock $60,000,000
Debentures for Sprague stock $2,500,000 gold red (text)-.c
and by
Payable,
Paya
'
Edison Electric Ilium Co, Boston Stock (bonds see text)..
100
Edison Electric Illuminating See Kings Count
[C Llg ht & P ower and
100
Electric Storage Battery
Stock ($214,045 is preferred) text
Electric Vehicle Co
100
tock $11,000,000 authorized
Preferred 8 % non-cumulative $9,000,000 authorized
100
Refund 1st M $2,225,000 extended in 19
1 ,000
p 98) Mo 1902
Empire Steel & Iron Stuck common $5,000,000
100
Preferred stock 6 "i cumulative
100
Equitable Illuminating Gas Light Co of Phila Common stock
—
W'lurc
i
%
12,789,075 5 in 1905
25
10,212,000
D New York
Rochester. N Y & Lond
19.524,700 See text
6,165,700
do
6
do
11,488,100
By check
10
Consolidat ed Gas C o. of Ne w York.
16,24!), 42.". 5 in 1905
Q J ^Checks mailed
10,450,000
8,145.000 See text. See text.
1,774,000
6
M & N Morton Trust Co, N V
100
,000
1
lulatlvc.
,
—
—
.
Batt
$100 $24,151,870 See text.
—
Preferred (also as to
pal
of
see not
<!ic.,
t<it>l< s.
Bonds
or
.Sire,
Bonds
column headings,
of
— PrinciStocks — Last
IXTEREST OR DIVIDEXDS.
Date
For explanation
[Vol. lxxxiii.
I
Machine
<
!o.
.
4c.
\i 10
blast furnace and steel prop-
154, 1877; V. 81, p.
1668.
July, 1906.
INDUSTRIAL STOCKS AND BONDS
J
Date
of
page of
—
—
see
on
notes
tables.
RR
M
Girard Point Storage
First
guar p & 1 by Penn
r
Great Lakes Towing Common stock $2,500,000
non-cumulative $2,500,000
Preferred
Greene Consolidated Copper Co Stock $10,000.000
Havana Tobacco Co Bonds $10,000,000 gold
Hoboken Ferry See New York & Hoboken Ferry.
Illinois Steel
See United States Steel Corporation
International Harvester
Stock $120,000,000
International Mercantile Marine
Stock common $60,000,000
Preferred stock
cumulative $60,000,000
Internat Nav 1st
gold $20,000,000 subj call (text) _FP.c*
coll tr deb $75,000,000 red 105 after 5 yrs_.N.c*&r
I
7%
—
r
& Co first mortgage debentures
International Nickel
Common stock $12,000,000 authorized
Preferred stock 6 % non-cumulative $12,000,000 authorized
N
First mortgage $12,000,000 gold call at 110
International Paper
Stock common $20,000,000
Preferred 6% cum $25,000,000 (underlying bonds textK.
Flrst cons M $10,000,000 g red after 1007 at 105 conv.Us.c*
Cons
$10,000,000 gold red sink fd conv (text) -.Col.c*
international Power Common stock $7,400,000
Preferred 6 % cumulative $600,000__,
International Salt
Stock $30,000,000
Mortgage gold $12,000,000 red 105 s f $200,000 yrly__Usm
Fred Leyland
—
—
M
—
SI 000
1890
100
100
10
1902
1,000
.000
1898
1905
1
.000
1.000
$100
100
100
500 &c
1901
in
p.
DIVIDEND.— In
— Chairman of Board, Charles Deering; Pres., Cyrus H. McGlessner and
V.-P., James Deering, Harold F. McCormick,
OFFICERS.
Cormick;
J. J.
William H. Jones; Sec. and Treas., Richard F. Howe; Chairman Finance
Committee, Geo. W. Perkins: Chairman Executive Committee, J. J. Glessner.
General Office. 7 Monroe St., Chicago.
(V. 81, p. 1668.)
—
INTERNATIONAL MERCANTILE MARINE
—
CO.
— ORGANIZATION,
&c.
Formerly Internat. Nav. Co., acquiring Oct. 1 1902 (per plan, V. 74,
p. 888, 941, 1093; V. 75, p. 1089, 1305), on Dec. 1 1902 White Star, American. Red Star, Atlantic Transport, Dominion and Leyland lines, having an
aggregate gross tonnage built or building Dec. 31 1905 of 1,063,269 tons
V. 82, p. 1373.
(129 ships).
As to agreement with German lines, see V. 74, p. 1255: relations with
English Government, V. 75, p. 735; V. 76, p. 975; V. 77, p. 301.
STOCK
BONDS. Of the stock, $10,067,265 com. and $8,269,029
pref. at last accounts, remained in the treasury (see V. 78, p. 1220).
The
new 4 V
debentures are subject to call at 105 after 5 years. The Internat.
2
Nav. 5s are subject to call at par after 1909 and a s. f. of $250,000 to $500,000 will retire them annually, beginning May 1 1905. There are £190,006
Dominion Line debentures.
REPORT Report for year ending Dec. 31 1905 in V. 82, p. 1373,
showed: Total gross earnings, $33,362,918; net, $5,906,744; int. and income tax. $3,880,055; add surplus insurance account, $864,159; bal., sur.,
for year, $2,890,848.
In 1004 gross, $28,846,993; net $1 ,806,407.
Pres.,
J. Bruce Ismay; Sec, E. E. Parvin
DIRECTORS. Americans. C. A. Griscom, P. A. B. Widener, Percy
Chubb, John I. Waterbury. E. J. Berwind, George W. Perkins, Thos. N.
Joyce, Charles Steele, E. C. Grenfell, J. B. Ismay, J. P. Morgan Jr., Rt.
Hon. W. J. Pirrie. Charles F. Torrey and Henry Wilding.
British Committee.
E. C. Grenfell, Chairman: Rt. Hon. W. J. Pirrie,
Henry Wilding, J. Bruce Ismay, ex-oflicio.
Finance Committee. J. Bruce Ismay, P. A. B. Widener, E. J. Berwind,
Charles Steele, Percy Chubb, J. P. Morgan Jr. and E. C. Grenfell and
C. A. Griscom (ex-officio)
Office. 9 Broadway. N. Y.
(V. 82. p. 337, 512, 1373, 1382.)
INTERNATIONAL NICKEL CO. Incorporated in N. J. Mar. 29 1902
and acquired control of Canadian Copper Co., with plant at Copper Cliff,
Ont. (new plant, V. 77, p. 952); Nickel Corporation of London, with mines
at New Caledonia, and the Orford Copper Co. of Bayonne, N. J., with their
subsidiary companies.
In Dec. 1902 control of the Nickel Corp. of London
was acquired. V. 75, p. 1205, 1257.
DIVIDENDS.— On pref., 1 y quarterly paid Feb. to Aug. 1906, both
2
—
AND
,
%
—
,
—
—
—
—
—
%
loci.
UK PORT. —Report for year ending March 31 1906 in V. 82, p. 1210,
total net income of constituent cos. (excluding two in New Caledonia). $1,858,533; int. on bonds, $497,900; div. on pref. (3%), $267,361;
bal.. sur., $1,093,272.
OFFICERS. Chairman of board, Robert M. Thompson; Pres., Ambrose
Monell; Sec., Stephen H. P. Pell; Treas., James L. Ashley.
Directors in 1904, V.-74, p. 730; V. 78, p. 2387.
Office, 43 Exchange PI.,
N. Y.— (V. 80, p. 2216; V. 81, p. 1795; V. 82. p. 1210.)
INTERNATIONAL PAPER.— Incorporated Jan. 31 1898 and took over
by purchase 25 of the principal pulp and paper mills of the U. S., see V. 81,
p. 2623; V. 67, p. 428. and V. 69, p. 494; also applications to list in V. 67,
p. 1359, and V. 68, p. 726; V. 80, p. 1482.
Dailv output about 1,700 tons.
See prospectus in V. 66, p. 288, and V. 67, p. 177; also official statement,
V. 69, p. 281. The Continental Paper Bag Co., a majority of whose $5,000 ,000 stock is owned, owns a factory at Rumford Falls, Me.; with capacity
12,000,000 bags daily.
First (quar.) div. on com. stock, 1%, paid June
1905.
V. 70, p. 742; V. 69, p. 494, 908; V. 73. p. 786; V. 80. p. 2624;
V. 82. p. 103. The Amcr. Realty Co. acquired some 250,000 acres of laud
in Maine and made mtge. for $500,000; outstanding, $422,000.
V. 75,
p. 1205; V. 79, p. 2207.
DIVIDENDS.
pref., July 1898 to July 1906 incl.,
yearly (1 Y
2
quar.)
On Dec. 31 1898 paid on com. 1%: in 1899, 2%; none since to
Jan. 1906. V. 69, p. 593, 957; V. 72. p. 1037.
BONDS.—The consol. mtge.
bonds of 1905 ($10,000,000 authorized
Issue) of which $5,000,000 has been sold to reimburse the treasury for surplus earnings used for Improvements and to provide additional working
capital, are convertible on any Interest dav beginning July 1907 and before
1917 Into pref. stock at par.
A s.f. of 2 of all bonds ever Issued is payable
yearly, beginning 1907, for which bonds arc subject to call at 105 and Interest after 19oo.
The remaining $5,000,000 bonds are reserved for future
purposes Y. 79. p. 2609; V. 80, p. 110, 225; seeapp. to list. V. 80, p. 1482.
The eonsol 6s of 1898 are convertible at holders' option on any Feb. 1 or
Aug. l before r.no into pref. stock at par; they cover all "after-acquired
Annual s. f. $150,000 began Feb. 1 1905. Consols are res<
realty."
to ta
..lis issue below named.
In addition to consols
are outstanding:
there
1. Int. Paper purch. money.
im,rrst.
Where paid. Outst'ing. Maturity
showed
—
—On
6%
%
5%
,
%
'
''per 1st
arlo
Paper
Rumford
1st
M
M.s.f.4g.M-S
.
...6g.F-A
Falls Sulphite 1st M.6g..l-J
A
N
Nov
Dividend.
Oct
8,822
8,912
9,770
17,442
22,406
9,771
5,450
$5,047
Co.
1940
%
July 2 '06.1%
June 30 'Ofl
June 1 1922
NY
Nov
10 '05,
4%
& A Company's Office, N Y Feb 1 1929
J P Morgan & Co, N Y Oct 1 1922
& D
Q — F 43 Exchange Place, N YiAug 1 '06, 1^%
A & O New York Trust Co, N Y April 1932
F
J
4
626 See text
837
5g
1
800L_7001
0001
P Morgan &
1
A & O
,000
1
£367 ,100
J
Winn Due.
6
6g
5g
F
Checks mailed
do
& A Metropolitan Tr Co,
& J
do
do
Q—
000
J
000 See text See text.
600 000 See text See text.
18.228 000 See text
A & O Office, 170
6,450 000
5 g
Q—
NY
Broadway
July 1 1899, 1
July 2 '06,1 14
Feb 1 1918
Jan 1 1935
Jan 1906, l %
%
%
Jan 1906. 1 %
June 1 1906,1 %
Oct 1 1051
INTERNATIONAL POWER CO.— ORGANIZATION.— Incorporated in
New Jersey on Jan. 14 1899. Controls American & British Manufacturing
I., and Bridgeport, Conn. (V. 68, p. 671),
and Alabama Consolidated Coal & Iron Co., with coal and iron mines, fur-
Co., with plants at Providence, R.
3%; 1904 4%; 1905, 4%.
1903,
52,74
£100
1902
and by
Whom.
—
1
100
100
1,000
100
100
Where Payable,
A & O Treas. Office, Phila.
$2,171,000
334
1,675,000
Q J [Cleveland, Ohio
1,952. 850 7 in 1905
10,000,000 24 in '05 Bi-mon- Checks mailed
7,500,000
5 g
J
& D Morton Trust Co, N
100 120,000 000 4 in 1905
100 49,932 735
100 51,730 ,971
,000 19,897 ,000
5g
Stock
held
a
—Chas. Deerlng andvoting trust, the voting trustees being Geo.
1112.
Cyrus H. McCormick. V. 78,
is
Payable.
1
1899
1902
—
STOCK.
W. Perkins,
When
%
Amount
Outstanding
—
6%
M
MM
Par
Value.
Bonds
pal.
Rate
of
—
—
—
—
Size, or
Bonds
column headings, &c,
first
— PrinciSlocks — Last
INTEREST OR DIVIDENDS.
MISCELLANEO US.
For explanation
165
Y, Met Tr Co$230,000
do
do
150,000
do
do
350,000
do
do
123,000
Sept
'
1
1
::
1 '18
Julvl '18
Aug 1 '18
Feb
Piscataquis Falls P. .IstM., s.f. 4g.F2. oh! bonds
\ asiumi
x Hudson
River
Pulp
&16g. J-.T N Y.Man Tr Co 1,500,000 Jan 1'18
--Subject to call a1 1 05 after 1907
J
x Otis Falls Pulp Co., 1st M._16g.M-N Host .Old Col Tr. 229,000 Mavl'16
Old Colony Tr Co, trustee]
Subject to call at 105 for s. f.
x Remington Paper Co
6g.M-N N Y Trusl Co
104,000 Nov 1 'or,
Falls Co
Olcott
5g.M-S NY.Met|TrCo 389,
Marl'D)
EARNINGS.—For 5 mos. ending Dec. 1 1905. as reported, net above
charges, si .057.332: div. on pref. (2H %), $560,167; bal.. sur.. $497,165.
RKI'ORT. Report for year ending June 30 1905 In V. 8 I. p. 1313.
cost mm maFiscal
Oro
Interest,
income.
year.
terials,mfg.,<tc.
surplus.
tares. &c.
(6%) on pref.
1904-5. $20,908,666
$17,640,198
$1,130,350
$1,344,402
$78
1903-4. 20. :;ni. ;,ii
17.150,530
717.258
1,092,323
1,344,402
1902-3. 20.1 '.2.771
16,529.310
1.314.102
1,186. 132
1,082,927
DIRECTORS. -Hugh J. Chlsholm (Prej 1, A. X. Burbank (1
and
l. 1:. Flower, I". B. Jennings,
irtts, T. S.
V
i). o.
\iiii-.
\. Pagenstecher, W. A. Russell, G
P,
nderwood, 11. A.
Wilder and Ogden Mills. Secretary is E. W. H; de.
'V. 82, p. 121
<
.
naces, ovens. &c, in Alabama (see statement in this Section; V. 80, p. 654,
872). Owns Amoskeag Fire Engine Co., engines manufactured by Manchester Locomotive Works, Manchester, N. H. (V. 81, p. 1317). Controls
American Oil Engine & Ship Building Co., with plant at Worcester, Mass.,
and Trinity Zinc, Lead & Smelting Co., with mines at Carthage, Mo., a mill
thereon being erected in Apr. 1906. Also owns large holdings in American
Locomotive Co. and American Diesel Engine Co. V. 79 p. 503, 215.
DIVIDENDS.
1900. 1901. 1902. 1903. 1904. *1905.
1906.
Preferred
6
7 )4
6
Below. Jan., 1
8H Nil.
Common
Oct. 1 Jan., 1
2V
2
•On pref., in 1905, Jan., 3%: Mch., 3%; Apr., 3%; May, 3%, in full for
deferred dividends to Apr. 1 1905; Oct., 3
and 1
extra.
On common,
Oct. 1905, 1
(quar.). V. 81, p. 901; V. 80, p. 1426.
Pres., Joseph H. Hoadley, 78 Broadway, New York.
(V. 82, p. 51.)
INTERNATIONAL SALT CO.— ORGANIZATION.— Incorporated In
New Jersey in Aug. 1901 and acquired a majority of the stock of the National
Salt Co. and Retsof Mining Co., per plan V. 73, p. 724; V. 75, p. 551, 736; V.
On May 25 1904 the National Salt Co.'s proper76, p. 755; V. 77. p. 1228.
ties were purchased at judicial sale; successor International Salt Co. of New
York, with $750,000 stock. V. 78, p. 2014; V. 80, p. 1056; V. 81, p. 1378.
DIVIDENDS.— First dividend, 4%. payable
quar. on Dec. 1 1905
and Mch., June and Sept. 1906.
Of the 5s of 1901 ($12,000,000 authorized issue) one-sixtieth
of amount issued is to be retired each year by sinking fund and canceled;
to May 1906, $445,000 had been retired.
V. 82, p. 1443.)
Underlying bonds, $180,000 Hutchinson-Kansas Salt Co.. due Jan. 1
1912, and Retsof Mining Co., $1,000 gold 5s due Oct. 1925, $2,500,000
(int. J. & J. at Knickerbocker Trust Co., N. Y., trustee).
Report for cal
year 1905, V. 82. p, 690.
Pres., E. L. Fuller; Vice-Pres., M. M. Beldlng
Jr.; Treas., Mortimer B. Fuller: Sec, H. D. Fuller; Asst. Sec. P. Silas
Walter.
Office. Scranton, Pa.;
N. V. Office. 170 Broadway.
(V 82
p. 573, 690, 1443.)
%
%
%
%
—
1%
BONDS.—
,
—
INTERNATIONAL SILVER.— ORGANIZATION,
i
1
1
1
&c—
Incorporated In
silver-plating properties
see
V. 67, p. 1160; also V. 68. p. 232, 334, 1024; V. 76, p. 106. Also has a large
sterling silver output.
See V. 68, p. 334, as to rights of capital stock, plants,
&c. V. 67, p. 1160: V. 68, p. 1024: V. 71, p. 545: V. 82, p. 990
STOCK, &c. In Jan. 1903 purchased all the stock of the U. S. Silver
Nov. 1898 under laws of N.
and acquired
J.
—
—
which had acquired $9,068,400 common and $515,800 preferred stock
of the International Silver Co. and all the stock of C. Rogers & Bro., of
Meridcn, Conn
The International Co. issued in pavment therefor $1 ,500,000 pref. stock and $2,000,000 6% debentures. V. 76, p. 106. Suit
V. 82, p. 1044.
Underlying bonds, $127,600 Holmes & Edwards 1st 6s
DIVIDENDS on pref., 1 % %, paid Apr. 1900; in 1901, none; Jan. 1902,
to July 1906, both incl.,
yearly (1
Q.— J.); also in Jan. 1903 scrip for
unpaid dividends (21 M %) to date, $1,085,343. V. 75, p. 1357; V. 76. n.
Tori).
,
4%
%
106.
Report for year ending Dec. 31 1905, with balance sheet, in V. 82, p. 566,
int. on bonds, $333,922; div. on pref. stk
(4%), $263,324: deoreciation, $206,285; bal., sur., $286,502. Pres.. Samuel Dodd; Treas., Geo. M. Curtis.
Office, 11 Maiden Lane, N. Y.
(V 82
showed net earnings, $1,090,033;
—
p. 512, 566, 990. 1044.)
INTERNATIONAL STEAM PUMP CO.— ORGANIZATION.— Incor-
porated on Mch. 24 1899 under the laws of New Jersey as a consolidation of
&ve companies estimated to do 90 % of the steam pump business of the country, exclusive of high duty engines.
Official statement in V. 68, p. 723V. 72, p. 673; V. 71, p. 545; report, V. 75, p. 82; V. 76, p. 1146. New factory at Harrison. N. J., costing over $1,000,000, was completed in 1904. V.
74, p. 1311; V. 75. p. 82,215; V. 76. p. 215. ur, v. 79 p. 210.
[n May
1906 the entire stock of the Power & Mining Machinery Co. was acaulred
1
V. 82, p. 1044,
:
l
159.
1
STOCK.—Stock
authorized, $24,000,000 common and $15, nun 000 as
ed bj $5,000,000 common and $2,500,000 preferred in May 1906
to acquire the Power & Mining Machinery ''".
v. 8'' p. 104-1' 1159
Div. on pref. Aug. 1 1899 to Aug. 1 1906, both incl., 6% per annum li
0. J-); on common, July 1901 to July 1904, incl., ",, quar.; Ocl 1904,
,,:
in L905,
-.!..
Vpril, ii%; no
hum;.
V. 81,
he stock unissued is sel apart to retire the $2,000,000 7";, cum
preference shares of Henry R. V.
|„.„.
lures and $ 185,000 8% pref. shares of Blake & Knowles Co.
Ilolh
—
1
-I
'
.
.
1
1
ee V. r:;. p.
17
Debentures are convertible into
1
1
stock' at option of holder.
V. 75, p. 1305.
1357: V. 76. p. 106. 215; V. 77, p. 2393; V.
RKPORT. Report for year ending Mch. 31 1905 given in V. 81, p. 208,
show
$1 ,332,935; dividend on pref. (6%). $531,000; int., &c,
$ 113,335; div. on com. (2'„ %)
$306,562; bal., del".. $17,961.
Pres., John
W. Dunn: Treas Max Nathan; Ass't Treas.. Arnold Tanzcr. Office. 114-118
Liberty St., N.
(V. 81, p. 268; V-. 82, p. 1011. 1104. 1159. 13
M
—
1
,
,
Y.—
IRON STEAMBOAT
iron steamboats.
778,
CO. OF
Incorp. in
NEW
Mew
JERSEY.
Jersey
In
Property consists ol
Aug, 1902 per plan V.
even
7
1,
p.
•
year ending Oct. 31 1905. gross re.
14,273; oper. exp. and
malnt., $339,253: int. on bonds. $25,000; bal.. del'.. $19,981. Stock. MOO.000; par of shares. Sio each: outstanding. $292,790.
Bonds are $100,000
prior lien::
lount on the old bonds)
and $500,000 gen. or 2nd 30-year Is. all redeemable at par. Bonds may be
called yearly for sinking fund.
See V. 74, p. 778. Pres., Allan C. Washington. 17 Battery Place, x. y.
(V. 81, p. 1726
—
.IFFFERSON & CLEARFIELD COAL & IRON CO.— ORGAXIZATf
the laws of Pennsylvania in May 189
under Buffalo
& Pittsburgh RR.;
I
—
%
see "Railroads."
Maximum amount
so far
i95,161 10
non-cum.
•he
.
and $300,000 of the $1,500,000 of 5%
Coal
owned bIron
being mostly pledged as security for Its bonds; V. 75. p.
control of the output with' the BulTalo Ho.
1
common
which
Plttsb
p
A.-
Co.
DIVIDENDS.— On
pref. In 1897. Aug.. 5%; 1898 to Feb. II
yearly (F.&A.i. Dividends on common in 1900, 5 %; 1902 to 1905. both Inclusive. 5
yearly (paid In AugU8t).
trustee for 1st mtge. is Guaranty Trust Co. of N. V.; for 2nd
mtge.. U.S. Mortgage & Trust Co. The sinking fund Is 3 cents for each ton
of coal mined, the p
per annum, and the
bonds to be drawn at in;, and accrued Int. if not pi
Any
bonds so pure:
drawn are to be held uncanceled by the trustee, and
%
INDUSTRIAL STOCKS AND BONDS.
166
MISCELLANEO VS.
INTEREST OR DIVIDENDS.
Date
For explanation
page of
first
International Silver
Stock preferred 7
tables.
Outstanding
$100
100
— Pref stock 5 % non-cum.
i
—
Value.
%
—
&
Amount
— Stockascommon 811,000,000
also
to assets 59,000,000
Dividend scrip (V 76 p 106)
First M $4,500,000 sink fund called at 110 begin 1901.. N.c*
^Debentures $2,000,000 gold redeemable at par
International Steam Pump Co Com stock $24, 000 ,000. .Col
Col
Preferred stock 6% also assets cum $15,000,000
Debentures $3,500,000 (conv into com stock) red 105 beg '08
Worthington preferred stock 7 % cumulative (see also text)
Holly Mfg 1st M $700,000 gold guar p & end (V 73 p 1117)
Jefferson
Par
notes on
see
Clearfield Coal
&
Iron
1898
1903
1903
1901
—
—
Knickerbocker Ice Preferred stock $3,000,000 (text)
First mortgage gold redeemable 105
Refunding mortgage $6 ,000 ,000 gold
Gold notes $1,500,000
La Belle Iron Works Stock $7,500,000 authorized.
First mortgage $2,500,000 gold redeemable (text)
4,275,000|
1
,000
1,000
100
1,000
100
—
Penn. RR., Erie RR., Western N.Y.&Penn.RR.
(V. 75, p. 188, 1357.)
JOURNEAY & BURNHAM.-V. 70, p. 1293; V. 74. p. 580.
KANSAS CITY, MO., GAS CO. Organized in Apr. 1897 in Missouri and
acquired all the property, franchises. &c, of the Kansas City Gas and Missouri Gas Co's. Capacity 5,500,000 cubic feet a day.
Capital stock, $5,000,000, of which United Gas Impt. owns a majority; par, $100. Bonds outInterest
standing, $4,250,000 gold 5s due Apr. 1 1922, subject to call at 105.
is payable A. & O. at N. Y. office of Guaranty Trust Co. or M. & N. In London. V. 65, p. 277; V. 67, p. 28.
Report for vear ending Apr. 30 1905, V. 80, p. 2456. Net, $428,117; int.,
Pres., Hugh McGowan.
(V. 80, p. 2456.)
$204,638; bal., $223 ,479.
—
—
KANSAS CITY STOCK YARDS CO. — ORGANIZATION. — Incorporated
Owns 175 acres
In Missouri in 1900 as successor of old co. of same name.
used for stockyards purposes. Stock, $9,000,000, of which $750,000 reserved to retire the $750,000 convertible bonds of 1904 and $224,000 for
yearly paid for many years (Q.
bonds of 1900. Dividends of 6
F.) to
1906, inclusive, the Aug. 1904 dividend being passed for special reasons.
Chairman, Charles Francis Adams, 50 State St., Boston; Pres., C. F. Morse,
and Sec. and Treas., E. E. Richardson, Kansas City. (V. 79, p. 2089.)
—
—
—
CO., PHILADELPHIA. Owns "independent" (of Bell) telephone system. Telephones in use, over 21,000, and
extensive conduit system, located in over 270 miles of streets, of which
about 75% to be leased to other companies. Also controls about 40 municipal and township franchises through ownership of Keystone State Telephone & Telegraph Co.
Stock, $2,500,000, all owned by Keystone Tel. Co. of N. J. Majority
common stock (pref. has no voting power) of N. J. Co. held in voting trust
expiring July 1 1912 (Geo. H. Burnham Jr. of Philadelphia, Chairman).
Bonds are subject to call, as an entirety only, at 108, beginning July 1
1908; $4,275,000 have been sold to Fisk & Robinson of New York to]pay all
obligations for construction of plant and to furnish capital for extensions
and betterments; $2,500,000 are reserved to acquire securities of other telephone companies, under severe restrictions, and the remainder for future
purposes at not over $600,000 yearly. V. 81, p. 34.
For 11 months ending May 31:
Gross.
11 mos.
Net.
Res. Fund.
Net inc.
1905-06
$746,239
$334,186
$264,000
$70 186
Folwell (Pres.) James Collins Jones (V.-P.) F. WayDirectors
N. T.
land Ayer, Marcus Beebe, Geo. Burnham Jr., Clarence L. Harper, Geo.
Kessler, Huellngs Lippincott, Michael Murphy, Jacob E. Ridgway. Main
office, 135-141 South Second St., Phila.
(V. 82, p. 283, 1044.)
KINGS COUNTY ELECTRIC LIGHT & POWER. Acquired in 1898, per
plan In V. 67, p. 482, the entire $5,000,000 stock of the Edison Electric Illuminating Co. of Brooklyn, thus uniting all the electric-lighting business
In Brooklyn, N. Y. See V. 69, p. 177, 957; V. 70, p. 483; V. 80, p. 2216.
SECURITIES. The authorized stock was increased In 1905 from $5,000,000 to $8,500,000; of the new stock, $3,200,000 being subscribed for by
stockholders at par early In 1906.
V. 82, p. 51.
The $5,176,000 purchase money bonds are secured by deposit of $5,000,000 Edison stock in trust, by a 2nd mtge. lien on the Kings County plant as
now owned or hereafter acquired and by $1 ,000,000 cash guaranty fund to
be invested in securities approved by the committee; see V. 67, p. 482, 1309.
As to Edison Co. 'scon, mtge., see V. 67, p. 482. 842; V. 71, p. 493, 868.
DIVIDENDS. June 1900 to Mch. 1903, 1H % quarterly; since, 2 % quar.
REPORT. Report for cal. year 1905 In "Chronicle" July 28, showed:
Net earnings of Edison Co. under lease, $437,871; Int. from investments,
&c, $46,758; div. on stock (8%), $400,000; legal exp., $10,000; bal., sur.,
$74,629.
Pres., A. X. Brady; 1st V.-P., A. M. Young; 2d V.-P., Gen. Man
and Treas., \V. W. Freeman; Sec, J. H. Evans; Asst. Treas., P. R. Atkinson
Office, 360 Pearl St., Brooklyn, N. Y.
(V. 81, p. 214; V. 82, p. 51, 513.)
—
—
,
,
—
—
—
—
—
KNICKERBOCKER
Incorporated
—
ICE
CO.
OF CHICAGO.
— ORGANIZATION.
V. 77, p. 254; v. 82, p. 1325.
1885.
STOCK.— Common stock. $4,000,000, all outstanding; par of shares,
$1 00.
Pi ef erred is not preferred as to assets and is convertible into common
stock at option of holder
In
Illinois In
DIVIDENDS
Common ("„)
'98.
'99.
f>V
2
Preferred {%)
'00.
'01.
'02.
'03.
'04.
'06
'05.
1
6%
yearly to date
BONDS.—The ftrsl 5a Of 1*98 arc subject to call at 105 when drawn by
lot;
Chicago rnie & Trust (o. and w, E. I'lnney, mortgage trustees,
in April ieo6 made mortgage to First Trust & savings Hank of Chicago and
Bolsot as trustees to secure $6,000,001) of 5",', refunding bonds, of
(Smile K
which $2,2:1:1.11110
deposited to secure $1,500,000 >"•, 3-year gold notes.
V. 82, i). 932, 990.
REPORT. Report for year ending Dec. 31 1905 in V. 82, p. 890, showed:
\et earnings. $391,951; bond Interest $98,492; dlV. on pref. (6%) $17!)
757: bal.. sur., $113,702.
in 1904, net. $384,528; bond Interest, $97. 0:10.
.
1
-
.
OFFICERS
I'm
Win. A. Walter.
,,
John
Fields; Treas., Alexander Dahlman; Sec,
La Salle St ..( 'til, ago.
(V. 82, p. 1325.)
S.
Office, 171
la belle iron works. -ORGANIZATION. Incorporated In West
Owns plant at Steubenv llle, ()., embracing 2 blast
Virginia Dec. 3 1875.
furnaces, open hearth steel plant having 9 50 ton furnaces, si<eip, pipe and
plate mills: an 84 Inch plate mill, cut nail factory, coal and ore lands; also
plant at Wheeling, Wei \
embracing two skelp mills and cut nail factory. V. 77. [>. 1228, 1536; 1749; v. 80, p, 1365.
',-,
.
RECENT DIVIDENDS.
May 1905 to Nov. 1905, lyi% quar.; Feb.
quar.
bonds, of the hoods. $100,000 are to be drawn pearly Dec. at par.
beginning 1908, further amount bj [01 at company's option at 106,
Dollar S.'iv. (t Trust Co. ol Wheeling. W. \'a., trustee.
V 77. p. 1749,
Report for voir ending June :to 1900 In V. 81 p. 973. showed:
Gross, $1 .186..117; bond Interest, $150,000; dividends (3 %) $206,580; bal.,
I'res.. Isaac M. SeoU; Sec.il.
Mir. $829,837.
U'esl fall
Treas.. K.O
Va
(V. 82, p. 395. 573. 807.)
Kirk.
Office, W heeling.
to Aug.
1906,
Z%
1
.
REPORT.—
,
.
W
I
)
;
.
.
LACKAWANNA STEEL CO.—ORGANIZATION.
New York on Feb. 15 1902. The properties (see V. 77,
V. 76. p. 161. 437' V. 80 v. 1916; V. Ml p. 1668) are:
,
I
neorporated
p. 34;
V. 74
224,000i
J
p
In
1142'
5
5
8.200.000 8
Whom.
Checks mailed
July 2 1906,1
& D Amer Exch Nat Bk, N Y Dec
& J
do
do
Jan
Checks mailed
do
—
&
|Apr
'Aug
V
J Colonial Trust Co,
&
&
I
&
i
Checks mailed
Ct Real B & T Co,
Checks mailed
YJan
May
N Y Jan
J
May
& A
& J
&
&
&
&
&
'06,1
H%
H%
1
1
1913
1906 ,3
1
1921
'06,1 Yi
1
Aug
-
Fisk & Robinson,
Checks mailed
1
J4
%
%
1913
1
;
6.886.000 See text.
2.500.0001
6 g
J
1905,
1
N Y July 1 1935
June 1 1906,2%
O, Colonial Trust Co, N Y Oct
1937
O Central Trust Co, N Y ;Oct
1997
Morton Trust Co. N Y IJan 1 1939
Checks mailed
July 2 "06, 3%
Central Trust, N Y & Chi April 1 1928
Q—
1
1
1
%
1948
1933
1
Febl5'06,2H
Q—
1905
5 g
6 g
2,500,000!
5,176,000|
4,275,000;
4g
3,000,000 6 in 1905
2. 201. 000
5 g
See text.
5 g
1,500,000!
5 g
Dividend.
I
Q—
F
5g
in
—Princi—Last
When Due.
Stocks
lAt will
1905
6 in
659 000
500 &c
1903
It is estimated that
the interest on them invested for the sinking fund.
with these accumulations the lsts will be retired In 23 years and the 2nds in
28 years and 6 months.
As further securitv for the bonds there is pledged with the Guaranty Trust
Co. of N. Y., Reynoldsville & Falls Creek RR. Co. 1st mtge. 6% bonds,
$170,000, and $170,000 stock, being the total securities on about 28 miles
of track connecting the mines at Falls Creek with Buff. Roch. & Pitts. Ry.,
KEYSTONE TELEPHONE
6g
Bonds
pal.
and by
I
I
&c
100
1,000
1897
1898
1898
%
None
1,085,343|
3,700,000;
2,000,000!
8,117,000
,000
1898
1906
1906
—
Q —J
1
100
1,000
1,000
1900
1903
1905
Where Payable,
Payable.
6 g
'J
17,262,500 See text.
11,250,000 6 in 1905
Q
1,0001
3,500,000
6 g
[J
100'
2,000,000!
7
M
100 &c
700,000i
5 g
J
100
5
1,500,000]
F
—
—
When
Rate
$9 ,944 ,700?
6,607,500 4 in 19051
1,000
1,000
100
100
_
Bonds see Buffalo Rochester & Pittsburgh RR.
Kansas City Stock Yards Stock $9,000,000 authorized
Convertible bonds
do
do
Keystone Telephone Co 1st M $10,000,000 gold red (text) . K
Kings County Electric Light & Power Stock $10,000,000.
Col.c
First mortgage gold $2,500,000
Purchase money M gold sec by Ed stock &c (V 76 p 47)Ce.c*
Edison Elec 111 cons M (now first) $10,000 000 gold.-Mo.c*
—
Size, or
of
Bonds
&c,
column headings,
of
[Vol. lxxxiii.
Feb
(Feb
Q—
& D
Aug
Pittsburgh or Wheeling
I
Dec
1946
1909
1
1
1906,
1
2%
1923
1
Plant situated at West Seneca, near Buffalo, N. Y., to manufacture
all classes of structural steel and other materials in addition to
and billets, to have a capacity of not less than 1,250,00C tons of
finished product per annum; (2) ore properties in Minnesota, Michigan;
Wisconsin and New York, stated to have 56,000,000 tons of ore In sight
(3)121,720 acres of bituminous coal lands (coal rights and In fee) in Pennsylvania: blast furnaces and coke ovens at and near Lebanon, Pa., an interest in the Cornwall RR. and Cornwall Iron Co. the first-named being leased,
and about one-third of the stock of the Cornwall & Lebanon RR.
STOCK. Stock authorized, all common, $60,000,000; par of shares,
$100; of this, $34,971,400 is outstanding, full paid, and $28,600 is held for
exchange, share for share, for Lackawanna Iron & Steel stock; and $20,000,000 is reserved to retire convertible bonds. V. 76, p. 869.
BONDS. The 1st mtge. gold 5s of 1903 (limited to $15,000,000) are secured by a 1st lien on the West Seneca plant and the stocks of other corpora(1)
plate
and
steel rails
,
—
—
tions owned.
They are convertible into stock, dollar for dollar, at par,
at the holder's option at any time between April 1 1906 and April 1 1915.
V. 77, p. 34; V. 76, p. 437.
The 30-year 1st consol. 5s ($30,000,000 authorized issue) of 1905 cover all
the property of the company owned or to be acquired, Including the stock
of the Negaunee mine.
Of the bonds, $15,000,000 is reserved to retire the
For present needs, $10,000,000 5-year 5
1st 5s.
gold notes dated Mch. 1
1905, subject to call on any interest day at par, were sold, secured by pledge
of $12,500,000 of the 1st consols. V. 80, p. 225, 475.
There are also outstanding $1,775,000 Lackawanna Iron & Steel 30-year
5s due Feb. 1 1926, Farmers' Loan & Trust Co., trustee, covering property
in Pennsylvania.
V. 76, p. 385.
OFFICERS. Pres., E. A. S. Clarke; V.-P., Moses Tavlor; V.-P. and Gen.
Man., Charles H. McCullagh Jr.; Treas., J. P. Higginso'n; Sec., J. W. Far-
%
—
quhar; Comp., Marshall Lapham. N. Y. office, 100 Broadway.
Directors J. J. Albright, C. Ledyard Blair, E. A. S. Clarke, MarkT. Cox,
Warren Delano Jr., G. R. Fearing Jr., B. S. Guinness, Edmund Hayes,
Adrian Iselln Jr., Samuel Mather, J. G. McCulloch, D. O. Mills, Moses Taylor Pyne, John J. Mitchell, James Speyer, H. A. C. Taylor, Moses Taylor, H.
McK. Twombly, Cornelius Vanderbilt, Robert B. Van Cortlandt, Henry
(V. 81, p. 1668.)
Walters.
—
—
LACLEDE GAS LIGHT. — ORGANIZATION.— Incorporated
in 1857
1889 secured control of all the other gas companies In St. Louis. Operates under perpetual franchises.
In 1896 the price of gas was reduced
from $1 18 to $1 per 1,000 feet for illuminating, and 80 cents for fuel gas.
Suits, V. 66, p. 760; V. 70, p. 534.
In 1903 North Amer. Co. acquired control.
V. 76, p. 545, 922; V. 78, p. 1273; V. 80, p. 1000.
STOCK. Preferred, 5% cumulative, $2,500,000; common, $17,500,000
authorized, outstanding, $8,500,000; par of shares, $100.
V. 78, p. 823.
and
in
—
DIVIDENDS. — l'95-97.
% cum _ 7
Common
%J
BONDS. — See application
Preferred, 5
f
85555555
33444455
'98. '99. '00. '01. '02. '03. '04. '05.
1906.
June,
2 J4
Inol.J'e,2>£
to Stock Exchange in V. 49, p. 657.
Of the refunding and extension 5s of 1904 ($20,000,000 authorized Issue;
Bankers' Trust Co. of N. Y. and Mississippi Valley Trust Co. of St. Louis,
trustees), $6,500,000 have been Issued, $10,000,000 are reserved to refund
the outstanding bonds due 1919 and $3,500,000 for not exceeding 85 % of
cost of future extensions and improvements. See V. 78, p. 1273, 1395; V. 79,
p. 1644; V. 80, p. 470.
ANNUAL REPORT. For year ending May 31 1906 (V. 83, p. 158),
gross earnings, $3,316,977; net, $1 ,316,150; int. on bonds, $813,680; bal.,
sur., $502,470; div. on pref. (5%) calls for $125,000, and 5% on common,
New York office, 50 Broad St. (V. 83, p. 158.)
$425,000 yearly.
LAKE SUPERIOR CORPORATION.— ORGANIZATION.— Incorporated In New Jersey on May 19 1904 as successor, per plan V. 77, p. 1296, and
V. 78, p. 1784, 1909, of Consolidated Lake Superior Co. Owns directly
or through its ownership of the Ontario Lake Superior Co. all the capital
stock of the various corporations centering about Sault Ste. Marie. Canada.
Bounty on steel, V. 79, p. 906; V. 81,
(See list in Section of Jan. 1904.)
Status Jan. 1905, V 80. p. 654.
Rail production 1906, V. 82,
p. 671.
—
—
1269.
plants include: Bessemer steel works and rail mill witli capacity for
producing about 600 tons of rails per day; two blast furnaces of about 400
tons dally capacity; by-product charcoal plant of 20 retorts and 56 bee-hive
kilns; Helen Iron ore mines; 106 miles of railroad completed and In opera-
p.
The
and passenger steamships, nickel and copper mines and
smelters, ferro-nickcl roasting plant, sulphurous acid works, machine shops,
forge, Iron and brass foundry, car-bulldlng shops, two saw-mills of 160,000
feet dally capacity, veneer mill, ground wood pulp mill of dally capacity of
100 tons, sulphite pulp mill of 60 tons dally capacity, water works and electric light plant, two electric street railways, two water -power canals of
60,000 and 20,000 horse power. See also V. 76, p. 656, 1410; V. 77, p. 193;
V. 79, p. 1026; V. 81 p. 977.
BONDS. The 1st mtge. and coll. trust 5s of 1904 ($10,000,000 auth.)
are secured by all the property of the company including the equity over the
lien of the $2,000,000 Canadian Iniproveni't notes (see below) In t lie securities deposited thereunder, upon payment of which the bonds will become
a tirst lieu thereon.
The Canadian Improvement CO. (V. 78. p. 1551, 1781), which provided
the balance of the cash requirements of he plan above the amount received
from all other sources. Including $i. 000, 000 cash working capital, secured
from the Province of Ontario a guarnnt \ of Its $2,000,000
vear 5",', notes,
of which one half paid olT \lav
1906, remainder extended 6 months.
Loan Is to be replaced by a Lake Superior Corp bond Issue (see V. 77, p. 77
104.)
V. 81'. p. 101 I,
Bonos of subsidiary companies Include $3,500,000 Mich. Lake Superior
1st gold 5s due May
1949, Int. due M, >\- N., and $1 ,018,672 of other com
panics. (See V. 77. p. 771 193. and V. 76, p. d82. 751: V. 69, p. 336: V. 80,
As to readjustment of Mich. Lake Superior bonds, see v. 80,
p. 6oi', 874.
p. 715. 1365. 1 182. 1858; V. 81
p.
173, 1863; V 82, P. 573.
BARN INGS. for the ten months ending Iprll 30 90c, net earnings were
reported as about $800,000 and lor the vear ending June 30 1906 were
estimated at between $1,000,000 and $1,200,000, or more than twice the
he ;, ",, Interest on Incomes, calling
Interest on the llrst mortgage bonds:
1006.
for $150,000. Is expected to lie paid Oct.
V 82. p. 26')
REPORT. -Report lor year ending June 30 1905, in v. 8i p. 172.
DIRECTORS. Charles I). Warren (Pres.). Toronto; Charles E. Orvls.
New York, and Thomas J. Drummond, Montreal (Vice Presidents); John T.
Terry Jr. (Treas.), New York; I'ranels B. lfceves. J. Tatnall Lea and
Charles s. Hinehman of Philadelphia: Dumont Clarke, New York; Alfred
i». Holier. Orange, N. .1.; William 11
Plummer, Sault Ste. Marie, and F. 11.
Clcrguc and Edmund Q. Trowbridge, New Haven. N. Y. office, 111 Broadway.— (V. 82, p. 573, 754 1014. 1104, 1269
tion; 9 ore, freight
—
,
.
t
1'
1
1
I
1
,
.
1
.
1
I
1
.
I
,
I
1
;
July,
INDUSTRIAL STOCKS AND BONDS.
1906. J
INTEREST OR DIVIDENDS.
MISCELLANEO US.
For explanation
Date
column headings, &c.
of
page of
first
notes
on
—
First
—
Coupon notes gold
—
Lake Superior Corporation Stock $40,000,000
Usm
First mortgage $10,000,000 gold
Income mortgage $3,000,000 gold
Bonds of subsidiary companies (see text)
Lanston Monotype Machine Stock $5,000,000 authorized.
—
—
&
Navigation Stock $17,378.500
r
First M canal 6,030 acres coal and 76 miles L & S RR
FP.r
First M gold Lehigh & Susq RR (V 64 p 41) gold
c*
(1st M Nant RR) (V 65 p 367) gold
Second
RR..FP.r
RR; 2d M 26
Cons 3d M Canal Coal & 122
FP.r
General mortgage for $15,000,000 gold
Fund & Imp M $7,500,000 g (Ser A) $2,085,000.. PI P.c*
Mackay Companies Common shares $50,000,000 authorized
Preferred shares 4% cumulative $50,000,000 authorized..
Com Cable M Unci deb & stock) $20,000,000 gold..F.c&r
Manufacturers Light & Heat Stock $50,000,000 ibonds.text)
.
Maryland Coal Stock preferred (no bonds)
Massachusetts Qas Companies Common stock
OB
Preferred 4% cumulative $25,000,000
Lehigh Coal
M
m
m
—
—
—
of
Par
Amount
Value.
Outstanding
1904
1904
1,000
1,000
1,000
100 &c
1,000
1,000
100
1,000
1,000
20
50
1864
1867
1867
1871
1884
1898
1897
Various
Various
500 &c
1,000
1,000
1,000
100
100
$
& £
50
100
100
100
—
LANSTON MONOTYPE MACHINE CO.— ORGANIZATION.— Incor-
automatic machines for composing and casting of type. Controls Lanston Monotype
Corporation of London, England, with which it has contract for sales in
Europe. V. 78, p. 2440. In Jan. 1905 made a loan of $250,000, payable
Report for year ending Feb. 28
In 3 years or sooner on unsecured notes.
1906 in V. 82, p. 1038, showed: Net sales, $1,058,838; net profits over
porated in Virginia In 1887.
sale or rental
Manufactures for
depreciation, $305,148.
semi-annual, paid April 23 1906. Pres., J. Maury Dove;
First div.,
Office and factory,
Treas., J. Sellers Bancroft; Sec, Wilfred Bancroft.
1231-39 Callowhill St., Philadelphia, Pa.— (V. 82, p. 808, 1039.)
2%
LEHIGH COAL & NAVIGATION. — Owns
canal from Coalport to Easand leases Delaware Division Canal, 60 miles. Also
Phillipsburg, N. J., to Union Jet., Pa.,
owns Lehigh & Susquehanna RR.,
105 miles, with branches, 60 miles, and leases for 999 years Nesquehoning
Valley RR., 17 miles; Treskow RR., 7 miles: other lines, 17 miles; total, 206
ton. Pa., 48 miles,
which 115 miles double track; but all these roads are leased for
999 years from 1871 to Central of N. J. RR., rental being 33 1-13 % of gross
minimum rental of $1,414,400. Delaware Dlv. Canal
earnings, with a
As to Lehigh & Delaware RR., see V. 78,
leased for 99 years from 1866.
In May 1904 control of the Lehigh & New
p. 1109, 2388; V. 79, p. 906.
England RR. was acquired. V. 78, p. 1785; V. 79, p. 2646.
STOCK. In 1905 $13,327,250 stock was deposited in a voting trust expiring March 1 1910 (R. Dale Benson, E. W. Clark Jr., Geo. H. Earle Jr.,
George H. Frazier and Erskine Hewitt, trustees; Provident Life & Trust Co.
of Phila., depositary), with power to sell at not less than $135 per share.
V.79, p. 2646. 2699; V. 80, p. 166, 602.
BONDS. Gen. mtge. of 1884 covers 7,460 acres coal land, 48 miles canal
and 161 miles railroad; bonds are reserved to retire all prior issues. For
mtge. of 1898, see V. 67, p. 125; V. 70, p. 428; V. 81, p. 720.
The $1,418,600 Nesquehoning Valley RR. stock, for which an equal
amount of the 4s of 1898 is reserved, was called for payment on Sept. 1 1904
and is held In the treasury. V. 79, p. 107.
Jointly and severally with Cent. RR. of N. J. guarantees $1,062,000
Lehigh & Hud. River Ry. gen. 5s, prin. and int. V. 67, p. 788.
miles, of
—
—
DIVS.—
'94. '95. '96. '97. '98. '99. '00. '01. '02. '03. '04. '05.
4!^4
1906.
8 May, 4
7
REPORT. Report for 1905 was in V. 82, p. 566. Coal produced In 1905, 2,651,538 tons; '04, 2,245,044 tons; '03, 2,194,119 tons.
1902.
1904.
1905.
1903.
Year ending Dec. 31
$1,819,276
From railroads
$2,302,428 $2,266,026 $2,244,262
Percent
ANNUAL
4
4
—
—
Canals
Net
4
def.49,190
profit
on Leh. Coal.
852,772
316,653
Miscellaneous
4
5!^
6
def.159,457
601,417
223,322
5
6
def.69,039
730,032
203,879
def.77.036
393,349
217,510
$2,931,309 $3,109,134 $2,353,098
$1,354,595
$1,363,434 $1,397,551
(5)717,332
(6)946,329
Dividends
(8)1,387.604 (7)1,104.050
sur. 463,825 sur.765,253 sur.281,172
Balance
sur.729,793
48.636
100,381
Sinking fund
121,415
102,277
222,558
100,000
Deprec'n and damage..
200,000
Office, 108 South 4th St., Philadelphia.
(V. 82, p. 1044, 1500.)
LEHIGH & WILKESBARRE COAL. See Central RR. of N. J.
MACKAY COMPANIES.— ORGANIZATION.— A voluntary association, formed under trust deed of Dec. 19 1903 and managed by five trustees
to be elected annually.
Present trustees are Clarence H. Mackay, W. W.
Cook, Geo. G. Ward, Dumont Clarke and Edward C. Piatt. Owns entire
$23,000,000 stock of Commercial Cable Co. and the entire capital stock of
the Postal Telegraph Cable Co.; also shares of capital stock of 74 other
V. 78,
cable, telegraph and telephone cos. In U. S., Canada and Europe.
p. 99; V. 80, p. 405, 1974.
Dlv. onpref., 1
quarterly, paid April 1904 to July 1906, both Inclusive.
Dlv. on com., Jan. 1905 to Jan. 1906 (incl.)
2% yearly (J.&.I.); July
1906. 1
(quar.) V. 82, p. 1325.
Report for period from Feb. 23 1905
to Feb. 1 1906, in V. 82, p. 450, showed: Div. received, $2,719,595;
gen. expens., &c, $23,186: dlv. paid, $2,332,492: bal., surp., $363,917.
Office, Ames Bldg., Boston.
V. 81, p. 1795.
COMMERCIAL CABLE CO. This co. owns five cables from Nova Scotia
to Ireland; one from Ireland to Havre, France; two from Ireland to Bristol,
England; two. Nova Scotia to New York, and one to Rockport, Mass., &c:
and one from Fayal (Azores) to Canso (Nova Scotia): one from Fayal
(Azores) to Ireland; total cables, 13,000 miles.
Also controls Comm. Pac.
Cable Co.. with lines from San Fran, via Hawaiian Islands to the Philippine
Islands, 8,000 miles. V. 76, p. 541; V. 77, p. 39, 198; V. 81 p. 1438. Amend
ment to certificate of Incorporation Nov. 1904, V.79, p. 2549; V.81, p. 976.
Jan. 1 1897 the Commercial purchased Postal Teleg. Cable Co., Its stock
of $15,000,000 being mostly exchanged, $ for $, for 4% bonds.
The 1st
mtge. covers all property and leases and also the stocks owned of the various
companies controlled see V. 64, p. 951: V. 72, p. 535. Postal Co. Dec. 31
1903 had 200,972 miles of wire (land lines), 3.017 offices. The Postal Co.
has also working arrangements with 75.273 miles of wire and 16,960 additional offices.
V. 74. p. 1357; V. 75, p. 79.
Office. 253 Broadway, N. Y.
(V. 82, p. 395, 4S0, 1325.)
MADISON SQUARE GARDEN.— Owns In fee a block of land In New York
City and building thereon. Stock, $2,000,000 (par, $100.)
BONDS. $1,250,000 first 20-year gold 5s, due Nov. 1 1919 and $750,000
Merch.
2d gold 6s: last coupon paid on latter being that of May 1902.
Trust Co. of N*. Y., trustee. Second mtge. bondholders'. committee: F. K.
Sturgls and W. C. Gulliver; depositary. J. P. Morgan & Co.
V. 65, p. 620.
DIRECTORS (Oct. 1905)— F. K. Sturgls. J. Plerpont Morgan, D. O.
Mills, Charles Lanier, H. H. Holllstor, W. I". Wharton, W. C. Qulllver,
James T. Woodward, Adrian Iselln Jr. and James C. Young. (V. 67,
p. 690: V. 68. p. 85; V. 71 p. 137.)
MANHATTAN BEACH HOTEL & LAND (Limited) .—Owns the real
estate and premises known as Manhattan Beach, with the Manhattan
Beach and Oriental hotels, music amphitheater, fireworks enclosure, bicycle
track and other buildings. 446 acres of land, &c
Stock, $2,000,000, of
Bonds,
which $500,000 Is pref. 5
non-cum.; pref. outstanding. $500,000.
$1 ,500,000 gen. gold 4s, due Nov. 1 1940; Int.. M. &. N.; Title Guar. & Trust
Co. of N. Y., trustee.
The May 1906 coupon Is In default: on May 5 1906 Fred Ingraham of
Hempstead. L. I., was appointed receiver. The Manhattan Beach Securities Co. owns a majority of the bonds and some of the stock.
V. 82. p.
1044, 1104.
A minority bondholders' committee (State Trust Co., Boston, and Hankers' Trust Co., N". Y., depositaries) In June 1906 requested deposits.
V. 82.
Total receipts
Int.. rentals, taxes,
$3,422,662
&c. $1,305,265
—
—
%
,
%
—
,
—
—
—
—
,
%
p. 1443.
When 'Where
Rate
%
15,000,000
10,000,000
See text.
10,000,000
7,000,000
1,000,000
40,000,000
9,043,000
3,000,000
O
Q— F
&
&
192
office,
Whom
When Due.
SI
Oct
A & O
M & N
Q—
Q—
& D
& D
Q—
& J
J
Q—
Q—
Q—
Q—
J 30 & D
See text.
B'way.— (V.
April
Bk,
— See
1
Men
1
1
Feb
NY
1923
1910
1935
1919
1934
1911
1
1
1
June
1
text Oct
1944
1924
1
Apr23'06,
do
do
do
do
do
do
do
do
do
2%
'May 28 '06,4%
July
1
April
1
1914
1914
June 15 1914
June 1 1911
do
May 1 1924
do
July 1 1948
do
Boston Canada & Lond July 2 '06, 1 %
do
July 2 '06. 1 %
do
F L & T Co, & Off. N Y Jan 1 2397
Checks mailed
July20'06.1M %
1 Broadway, New York June30'06.4 %
& D Company's
J
do
do
Office. Philadelphia.
J 15
J
April
IMch
New York May
do
do
Int. Oct. 1906
1
N Y
do
do
30 Broad St,
O
Dividend.
100 B'way,
do
do
A
& D Amer Exch Nat
5g J
Up to 5%
4,962 4 00 See text.
17,378 500 8 in 1905
4y
5,000 000
2
1,992 ,833
4g
1,842 ,500
4g
7
2,470 750
3,686 000
4H g
4 g
3,526 000
41,380 ,400 See text.
4
40,645 ,600
4 g
20,000 000!
21,000 000 6 in 1905
1,885 005!« In 1905
25,000 000 See text.
25,000 000 4 in 1905
N. Y.
Office,
S
and by
Payable,
Payable.
$100 $34,971,400
1903
1905
1905
1889
1904
1901
— PrinciStocks — Last
Bonds
pal,
Size, or
Bonds
see
tables.
Steel
Stock $60,000,000 authorized
F.c*
mortgage gold redeemable convertible (text)
Five-year secured gold notes $10,000,000 redeemable at par
after Men '15
First consol M $30,000,000 gold redeem at 105
Ce.c*
Laclede Gas Light First mortgage gold
c*
Refunding and extension mortgage $20,000,000 gold
Lackawanna
J67
Aug
office.
1
Boston Junel
1906,
'06,
1
2%
%
78, p. 1785; V. 82, p. 1044, 1104, 1443.)
MANUFACTURERS' LIGHT & HEAT
CO., PITTSBURGH.— ORGANIPa. on Nov. 28 1899; reincorporated April 21
of gas lands, of which 383.223 not yet drawn
upon In Jan. 1906. In Dec. 1903 new trunk pipe line extension into West
V. 76, p. 1252; V. 78, p. 986.
Virginia was completed.
STOCK. Stock authorized, $25,000,000 as increased June 1903; outstanding, $21,500,000, of which $529,150 in treasury; par of shares, $50.
DIVIDENDS. \y % quarterly, paid 1903 to July 1906, both inclusive.
2
Interest.
Outstand'g.
Date.
Maturity.
BONDS.
Ft. Pitt Gas 1st M. g. due)
$100,000 yearly
($1,000^900 6 g. J 30 & D $500,000 To June 30 '11
Int. at T. Mellon & Sons' Bank, Pittsburgh.
each) UPi
J
$450,000 To Jan. 1915
L & H 1st M, g, due $50,-1 1900 6 g. J.&J.
Int. at Union Trust Co., Pittsburgh, Pa.
000 yearly ($500, &c,ea) J
Wheel. 1st col. tr. M., $2,-1
$1,799,000 To Feb. 1916
500,000, g, due $200,000^1903 6 g. F.&A.
Int. at Colonial Tr. Co., Pittsburgh, Pa.
yearly ($1,000 each)
J
New mtge., $6,500,000, g. 11903 5 g. M.&N. $5,700,000 To May 1918
Int. at Union Trust Co., Pittsburgh.
V. 76, p. 1252.
J
Wheel, col. bonds (several series) are subject to call from 102 to 105.
REPORT. Report for cal. years 1904 and 1905, in V. 82, p. 390, showed
gross earnings, $9,766,281; net over depreciation ($1,215,358), $5,494,424;
surplus over 6 % on stock bond interest and retirement of $ 1 ,590 ,000 bonds
$241,754.
OFFICERS. Pres., H. B. Beatty; Sec. and Asst. Treas., H. E. Selbert.
Treas., E. H. Myers.
Directors, Jan. 1906, V. 82, p. 390.
Office, Farmers' Bank Bldg.. Pittsburgh, Pa.
(V. 82, p. 337, 390.)
MARSDEN CO. Incorporated In Feb. 1897 to manufacture products
from cornstalks see V. 65, p. 235, for uses of product. Com. stock authorized, $35,000,000; outstanding, $33,962,200.
Report 1904 in V. 80, p. 1056.
In Dec. 1903 sold majority interest in Internat. Smokeless Powder & Chem.
Co., receiving in exchange $2,565,000 Dupont Internat. Powder Co. 8%
pref. stock (cum. as to 5 %) and $120,000 collat. trust 5 % bonds.
Most of
Marsden pref. has been exchanged for Dupont pref., $861,625 of the latter
being held In the treasury Dec. 31 1904. V. 80, p. 1056. Owns entire
stock of American Milling Co., with plants at Rlverdale, Chicago and Peoria.
V. 74, p. 35, 1354; V. 78, p. 767. In June 1905 W. W. Gibbs of Phila. requested options on 25% of stock at $4 per share to Sept. 1 1905. V. 80,
Pres., A. G. Winter; V.-P., and Treas., E. G. Buckner.
p. 2625.
Office,
Drexel Bldg., Philadelphia.
(V. 78, p. 290, 767, V. 80, p. 2625.)
MARYLAND COAL CO. Controls 6,000 acres of land in Alleghany and
Garrett counties, Md., 1,500 acres in Wendel County, W. Va., and 2,800
acres near South Fork, Pa.
STOCK. Pref. as In table, and in addition old com., $11,100. and
treasury stock, $103,895.
Produced 244,684 tons In 1905; 322,079 tons In
1904.
Report for year ending January 31 1905, In V. 80, p. «54.
Surplus earnings in 1905 over interest, &c, were $222,634; in 1904, $276,456; dividends In 1905 (8%), $150,776; surplus for year, $71,858.
DIVS.— '94. '95. '96. '97. '98. '99. '00. '01. '02. '03. '04. '05. 1906.
ZATION. —-Incorporated In
1903.
Owns 480,312 acres
—
M
—
,
—
—
——
—
—
—
3^4^
8K 8S
4H
New pref. %.
3
4
5
5
7
8 J'ne, 4
2
In 1903 and 1904, June,
extra; Dec. 31, 5 %, Incl.
2 %, incl. 1
2
extra.
In 1905, June, 7,y %, incl. 1
extra; Dec,
extra.
%, Incl. 2
2
In 190R, June, 4% Incl.
extra.
Office, 1 B'way, N. Y.
(V. 78,
p. 586. 819; V. 80, p. 654; V. 82, p. 337.)
H
zy
1H%
,
4y
%
5H
%
%
2y %
—
MASSACHUSETTS GAS COMPANIES.— ORGANIZATION.— A voluntary association formed In Oct. 1902 as successor of the New England Gas
& Coke Co., reorganized without foreclosure per plan In V. 74, p. 1311.
Operates 400 by-Droduct coke ovens at Everett, Mass.; 200 additional ovens
were to be completed by 1905. (V. 70, p. 483; V. 77, p. 199.) The gas
there produced (over 8,000,000 cubic feet dally) Is enriched and distributed
for consumption In Boston, through the Boston Consol. Gas Co., which was
formed In June 1905 by consolidation of the Boston, Brookllne, Dorchester,
Jamaica Plains, South Boston and Roxbury gas-light companies and the
Bay State Gas Co. of Mass. and the Mass. Pipe Line Co. The Mass. Gas
Cos. owns $15,110,600 of the $15,124,600 capital stock of the Consolidated
Co. (no bonds Issued); also the $17,469,800 capital stock and $8,000,000
bonds of the reorganized New England Gas & Coke Co. In June 1906 the
Citizens' Gas Light Co. of Quincy, Mass., was acquired.
V. 82, p. 1443.
Slidinir scale sras law to continue 10 years from July 1 1906.
See V. 82,
First div. 4% (semi-an.) on Boston Consol. Gas stock paid Dec.
p. 1270.
30 1905.
V. 82, p. 51.
DIVIDENDS.— On pref. In 1903 to June 1906, 4% yearly (,T. & D.). In
June 1906, $750,000 (3%) was set aside for dividends on common stock
from accumulated earnings, 1% being declared payable Aug. 1 1906. V.
82, p. 1443.
CONTRACT.— Contract
with the Dominion Coal Co., V. 75, p. 1257.
year ending June 30 1905, with bal. sheet (also
earnings and bal. sheets of contltuent cos.) was In V. 81, p. 1173, showing:
IHvs. and Int. received. $1,568,668; dlvs. on pref. stock (4%), $1,000,000;
exp., $65,285; bal., sur., $563,383: total undivided earnings of all constituent companies, $K.">.7«7.
Output of Boston Consol. Gas Co. for 10 months
ending April 30 1906, V. 82, p. 1270. June 1906, V. 83. p. 99.
OFFICERS.— Pres.. C. Mlnot Weld; Treas.. Wallace S. Draper; Sec.
F. Tudor.
Office, Old South Bldg.. Boston.
Old Colony Trust Co.. transfer agent.
Mass. Trust Co., registrar.
TRUSTEES. Charles Francis Adams 2d. Walter Cabot Baylies. Samuel
Carr, Robert Clarence Pruyn, Joseph Balllster Russell, Frederick Elmer
Snow. Chas. Augustus Stone, Albert Strauss, Christopher Mlnot Weld, Robert Wlnsor.
(V. 82. p. 51, 1272, 1382. 1443: V. 83. p. 99.)
MERGENTHALER LINOTYPE. Listed In 1898. Report for 1904-05
In V. 81, p. 1490, showed total net profits, $2,204,520; dlvs. (15%), about
$1,525,000. Statement as to rival companies, V. 67. p. 371.
The stockholders voted Feb. 20 1905 to Increase the stock from $10,000 000 to $15,000,000; of the new stock $1,000,000 was subscribed for In May
1905 by stockholders at par.
V. 80, p. 654, 17.1.1.
'95 '96 '97
'02 '03 '04 '05
1906
'98 to '00
'01
1
DIVS.
Percent
13 H 15 15 15 *15 InclJ'ne 5
16 16H
20 y'rly.
|10H
REPORT. — Report
for
,
—
—
—
2^%quar. (Q.-M.) and In Dec. 5 % extra.— (V.
MEXICAN TELEGRAPH.— Company organized In
•
N. Y. State.
Has a cable from Galveston
to
81, p. 1490.)
1878 under laws of
Tamplco and Vera Cruz, 738
Also direct cable from Galm.; land line. Vera Cruz to Mexico City, 267 m.
veston. Tex., to Coatzacoalcos. Mex., 825 m.. duplicating the Mex. Tel. and
third cable completed July
Cent. & So. Am. Co.'s Gulf cable system, and a
1905.
Owns 2.125 shares of the Cent. & So. Am. Teleg. Co.. which see.
INDUSTRIAL STOCKS AND BONDS.
168
INTEREST OR DIVIDENDS.
MISCELLA XEO US.
For explanation
Date
first
see
of
Par
Amount
Value.
Outstanding,
on
notes
page of tables.
— Stock authorized $15,000,000
H)0
Mexican Telegraph— Stork.
also as to assets) (text)
Micbi Kan State Telephonec
old
first mortgage
Michigan Telephone
gold.__OB.c*
Michigan State Telephone 1st M $10
Milwaukee Gas-Light— Stock $1,500,000 authorized
Ce
First mortgage gold 810,000.000 redeemable at 110
I
1807
1004
i
—
100J
1893
1904
—
—
—
—
—
100
l.ooo
1,000
1899
1902
—
Duck
—
)
—
—
TELEPHONE CO.— ORGANIZATIOX.— Incor-
Michigan on Jan. 30 1904. per plan V. 75, p. 33, 1034. A licensee
of the toner Teleph. & Teleg. Co., though not controlled by that Co.
Stations May 31 1006, 84,128; on Dec. 31 1905, 77.047.
STOCK —Common stock authorized, $6,000,000 (par, $100): outstanding $3 500.000, held in voting trust to Mch. 1 1909. unless sooner terminated by voting trustees, viz., Norman W. Harris, Chicago; Fred'k A. Farrar Boston: Wm. C. .McMillan, Detroit: Allen B. Forbes, Xew York, and
Preferred ($4,000,000 authorized) is subject to
Isaac Sprague, Boston.
Dividends on prel'., 1H% quar. (Q.-F.), paid
call at par on any Feb. 1.
Mav 1 1004 to May 1 1906, both inclusive.
BONDS. Of the bonds, $4,181,000 was issued to satisfy obligations
and for general corporate purposes, $285,000 was reserved to retire u
lying bonds and $5. 534. 000 (of which $1, 475,000 issued) for 75";, of cost of
acquisitions, extensions, improvements, &c, under stringent provisions
REPORT. Report for year ending Dec. 31 1905 was in V. 82, p. 1378,
showing- Gross earnings, $2,203,552; net earnings, $673,328; charges, &c,
8270.700: div. on prel. stock (6%), $137,100; bal., sur., $259,459.
OFFICERS Chairman of Board, N. W. Harris: Chairman Exec. Com.,
in
—
—
—
McMillan; President,
\Y C
V.
1378, 1382, 1500:
W.
W.
A. Jackson; Secretary,
Mizner; Treas-
I.
Office, 20 Clifford St., Detroit, Mich.
83, p. 159.)
John T. Shaw.
urer.
MILWAUKEE GAS LIGHT
CO.
— (V.
82, p.
— ORGANIZATION. — Incorporated
In
Has perpetual franchise, V. 74, p. 1199. On July 1 1904 the price
1852.
V. 78. p. 2602. The American Light & Trac. Co. owns
of gas was reduced.
yearly (J.&.I.) paid for
Dlvs. not less than
practically entire stock.
45 years to July 1905 Incl.; 1906, Jan., 2^%; April, 1 M ".'.: July. 1 4'%.
Of tiie $2 700,000 bonds remaining unissued. $100,000 Is reserved to take
up $80 000 Office Co. 5s, subject to call after 1905, and the remaining
$> 600.000 can onlv be issued at par for 80% of the actual cost of extensions
fins'.
See V. 78, p. 481, 1199; V. 79, p. 631; V. 80, p. 602.
and!
For 6 months ending June 30 1906, net, $466,249, against $388,280 in
1905
Net earnings for calendar year 1905. $856,183; interest charge is
now $296,000. In 1903, net, $665,101. (V. 80, p. 602, 1056.)
6%
>
—
GENERAL ELECTRIC CO.— ORGANIZATION.—
MINNEAPOLIS
Incorporated
X.
In
Stone
V. 68, p, 824; V. 77. p. 773.
Jan. 9 1899.
J.
property.
Web ter Ol Boston are the General Managers of the Aug. 1906,
"6%
DIVIDENDS. — On pref. from organization to
On common, In 1906, 4%.
(F. A: V.).
&
yearly
— Of
the 5s of 1906 ($8,000,000 authorized) $4,310,000 have
been sold to retire Si ,285.000 bonds called for payment and to develop the
water power at Taylor's Falls, $690,000 are reserved to retire the 6s due
Jan 1 1908, and $3,000,000 are reserved for 80 % of cash expenditures to
The City
Sinking fund 1 % of outstanding bonds.
be mad'-, as required.
Trust Co. of Boston Is mtge. trustee. V. 80, p. 223.
net, $340,781.
Year ending Dec. 31 1905, gross, $724,582:
i: VRNINGS.
ExecuPres.. Henrv O. Bradlee; Treas., A. S. Pratt; Sec, H. R. Hayes.
office. 84 State St.. Boston.— (V. 82, p. 100, 573.)
tive
BOXDS
—
MONONGAHELA RIVER CONSOLIDATED COAL & COKE CO.—
—
incorporated in Pa. in June 1899 to con("River (oal Consolidation.")
along the Monongahela River, and coal traffic to
solidate coal
New Orleans, &c., Including 2()0 steamers and 4,000 coal boats and barges
and coal '.< ators, &c. Owns between 36,000 and 37,000 acres of coal,
See constituent concerns, V. 69, p. 1065; V. 72, p. 876,
exclusive of surface.
039; V. 74, p. 00; V. 76. p. 264: V. 78, p. 1278.
Coal Co. purchased $15,000,000 of the $20,000,000
In Scot. 1903
com. arid $2,500,000 of the $10.0oo.ooo pref. stock at $15 and $45 per $50
1
,
V. 77. p. 630, 771. 1297. 1750.
yearly, July 1900 to Jan. 1904 (J.&J.): in
July 1904 the div. was passed: 1905. Jan., 1.54%; 1906, Jan., 1.94% (97c.
A
v. 8?, p. 104.
of fiscal yeai 10:14-05.
per
on of 1 ' -i tif-ii coal mined and sblppea win retire bonds an8 f
reasonable price;
ible in the open market at a
canceled.
g Oct. 31 1905, with bal, sheet, was in V. 82,
and d'vs. on prel ($194,000) Ol $176;
p 158, gnow
Robblns; Treas.. W.
1005 $1,804,086.
Pres.. F. L
Od
total
'• — (V.
82. p. 158. 164.1
Ham
CO.— ORGANIZATION.— InMONTREAL LIO.HT III. AT &
C01
[arch 28 1901
[onti eal and suburbs; also two
Iclty, in operation In
hyo,.
iwer, \ i/
one hydraulic plant
10
! §03
Op
8nar
DIVIDENDS
rated
on pref.,
,
7%
'
,
•
i
I
'
POWER
.
,
1
:
0l
•nal of Shawlnlgan Water Power Co.
V. 76. p. 92,'C V.
•
BO
eal
DIVS. 00
16
,
'
for Island of
ted, see v. 74,
output
P
tnii tei
1
Mock.
4
",',
19
ol
bot b rntges., interest
v
beli
of 1902 $1,013,000 are reserved to retire an equal
The
and $1 ,85 1,000 for Improvemi nt
bom
'
\
REPORT
VI. p
ol
bonds and
Bal., sur.
Dti \dends.
$176.1
i
I
$598,486
& N
& A
& A
W
'
2d
'•
idolph
1
170, IS
13
1
1
orget; Sec. Treat
..
on> tero.,
'
W.
\!<T..
\o<
V, 83, p
J.
s.
18,789
Wall. auk'
1
I
.
—
ol
Cotton DuoU Corp,
MT. VERNON-WOOD C. D. CO.
Sec General Asphalt Co.
N Alio NAL ASPHALT CO
.
—
,
Sec.-
"
,"
1924
l
July '06,
1 1927
Aug 1906,
Aug 1 1906,
1
N Y " May
2%
3%
Q —J
Q—
1905
%
%
%
%
Augl5'06,l& %
N Y July '05, y %
and New York
do
15 Chicago
do
text. See text Checks mailed
do
1905
do
15
Colonial Trust Co,
text.
1905
M
Q—
Q—
July 14 '06,
1
May31'06,l%
July 14 '06,
1
1
Q—F
2
do
do
Julyl •()().
S St Louis Tr Co, St Louis Septj 1 '06-11
i
&
—
—
7%
4%
—
ANNUAL
DIRECTORS.— A. W. Green (Pres.), John D. Richardson (1st V. P.),
F. M. Peters (2nd V. P.), D. F. Brenner, B. F. Crawford, J. H. Douglas,
L. D. Dozier, H. J. Evans, F. L. Hine, F. O. Lowden, S. S. Marvin, T. S.
Olllve, N. B. Ream, H. F. Vories, J. B. Vredenburgh, H. M. Hanna and
S. A. Sears.
Sec. and Treas. is F. E. Bugbee; Asst. Treas., J. U. Higinbotham. Office, 10th Ave. and 15th St., Xew York
(V. 82. p. 395.)
—
NATIONAL CARBON CO.— ORGANIZATION.— Incorporated in New
Jersey on Jan. 16 1899. V. 68, p. 85, 130.
Dividends on pref. 1899,
3^%; 1900, to Aug. 1906, \%% quar. Dividend on common, 1905,
3% (J. & J.): 1906. Jan.. 2%'; April. 1";,; July, 1",,. V. 82, p. 1500. Report for year ending Jan. 31 1906. with balance sheet, in V. 82. p. 508,
showed!: Net earnings, $800,764; dividends (7%) on preferred, $315.
dividend (3H"i) on common, $102.50'); depreciation, &c, $353,513;
bal., sur., $29,751.
Pres., James Parmelee; Treas., H. E. Hackenberg:
Sec, J. S. Crider. Main office, Cleveland. (V. 82, p. 508, 1325, 1500.)
—
NATIONAL ENAMELING & STAMPING CO.— ORGANIZATION.
Incorporated in New Jersey on January 21 1899. See prospectus in V.
68, p. 187, and official statement in V. 76, p. 1405; V. 77, p. 403; V.
Div. on preferred, 1899 to Apr. 1906,
82. p. 755.
yearly (Q-J);
each, Oct. 1005, Jan., Apr. and July 1906.
declared, paid 1 34
On
com., 1902 to Oct. 1904, 4% yearly; 1905, Jan., Apr. and July, ',% each;
none since to July 1906. V. 81, p. 617. Decision July 1905. V. 81, p.
215; V. 82, p. 755.
Report for year ending June 30 1905 was in V. 81, p. 612, showing,
net, $817,644; dividends on pref. (7%), $598,262; dividend on common
(2V %), $389,795; leaving a deficit of $170,413; total surplus, $585,338,
%
and $1,000,000 general reserve account. Pres., Fred'k G. Niedringhaus;
H. Matthai; Treas., Jas. E. Ingram. N. Y. office, 83 Fulton
Sec,
(V. 79, p. 2646; V. 81, p. 215, 612, 617; V. 82, p. 755.)
St.
NATIONAL FIREPROOFING CO. Incorporated in 1889: name
7%
%
—
7%
Wm.
—
In 1899 from Pittsburgh Terra Cotta Lumber Co.
Controls
29 plants adjacent to various cities between Boston and Chicago, over
4,000 acres of coal and clay lands, patent rights, etc.
Manufactures porous
terra cotta, fireprooting, hollow tile, building blocks, etc.
Properties
owned, see V. 72, p. 296, 1191; V. 76, p. 651.
BONDS. Stockholders April 5 1905 authorized an issue of $2,500,000
bonds, maturing $250,000 yearly, but subject to call at any interest
Of the bonds $2,000,000 have been sold, balance to be held for
period.
The cash and quick assets, until payment of the bonds, over
future use.
all other liabilities, shall never be less than $2,000,000.
V. 82, p. 1104.
Mortgages, 8 121,169.
DIVIDENDS. On preferred, Oct. 1900 to July 1905 both Inclusive,
yearly (paid Q.-.J.); none since to July 1906.
V. 81. p. 1178.
On
common, May 1901 to 1902,
yearly; in 1903, 4)4%; none since to
July 1906. V. 77, p. 2038.
REPORT. Report for year ending Dec. 31 1905, in V. 82, p. 866,
showed: Net earnings, $$472,053; loss In venture In reinforced concrete
construction, $158,105; reserve, $100,000; dividends (5J4% on pref.),
$417,593; balance, def., $203,502.
DIRECTORS.—!). F. Henry (Chairman), W. D. Henry (Pres.), R. W.
Allison, Henry M. Keasbey and E. V. Johnson (Vice-Presidents), John
R. Gregg, Fred. Gwinner Jr., W. A. Dinker, Theo. P. Straub, James
J. Booth, .1. U. Gregg, T. Hart Given, Hay Walker Jr., W. A. Stone
and J. B. Plnley. Treas. is Wm. H. Graham and O. G. Jones, Secretary.
(V. 82 p. 1 104.)
NATIONAL GLASS CO.— ORGANIZATION. Incorporated In Pennsylvania on July 5 1899, as a consolidation of tableware manufacturing
V. 69, p. 61 1015: V".78,p.587. In 1899 capacity, 678 pots.
interests.
In 1004 the several properties were leased to various parties.
V. 78,
Independents, capacity 280 pots.
V. 60, p. 1015.
p. 587; V. 79, p. 736.
STOCK.— In 1903 $1,650,000 pref. stork was subscribed for at par,
$875,000 being paid in cash and lie balance by surrender of $775,000 Of
V. 75, p. 1357; V. 76, p. 438. Dividends OS pref.
old (common) stork.
",, qu ir.
to July 1006, both Incl.,
BONDS. First mtge bond: of L800 are payable $200,000 yearly Nov.
1, in numerical order beginning with number one, at
Pittsburgh,
Of
eneral mtge. bonds sufficient are reserved to replace the first mt
bond,.
V. 73, p. 239, 3 18, 618; V. 75, p. 1357.
Balance Sheet Feb.
1006, V. 82, p. 456.
\ndrew W. Herron; Sec and Chairman of ExecuOFFICERS. -Pres.,
changed
—
5%
—
7%
5%
—
—
—
,
I
1
—
1
1
Pittsburgh,
Thompson;
Addison
Committee,
tive
Pa.— (V.
Trr.i-..
v. 82, p.
70, p. 736;
1'.
100,
Oilier,
Mitchell.
V. 82. p. 033.)
||.
156;
NATIONAL LEAD COMPANY.— ORGANIZATION.
-Organized under
New Jersey on Dec. 7 1891, it controls extensive plants
iture ol white lead and other products.
States tor
in 1906 merger of the United Lead Co. was
arranged.
See storks
whose stock Is owned
St. Louis Smelting & Reflnl
below.
bonds, due June
1020, bui sub
Izedln 1000 $1,000,0005%
all In
1005; Int. payabli r. <5o D.; VIerc Trust Co., \. Y., trustee, v. 72, p. 390.
Lead Co. had an authorized issue ol $12,000,000 thins year
id
gold debentures, maturing Julj
J. &. J., at Morton ft
5
ued
a, and $271.0011 ChadwlckCo., \'. v., tru tee, amount
•''><
- due x pi II l
ad
onlj undei Ij Ing bonds.
Bo ton
stock'. The pri
per annum cumulat i\ e,
1910.
See editorial of Mas
and subjed to call al par from Jan,
1803
the laws of
different
in
.
1
n
%
1
,
I
1
I
1
,"
and
V,
60, p. 3
10.
Tin
tockholi
from
red stoi
and working capital.
acquisition!
t.i.-k win,0.000 com
Increase
,
In
,
l
DIVS.
o
"•'
on
",,
'
Co
'03, '04
2
3
carl
ni\ idends were resumed on
\
paid.
82, p. 11
.
V
he
Idi
(2,713,600
1
t}-M) to
common and
preferred and
icqulre new properties, presum;:
\
82, p. 80
18 18 to '00.
1001 to '05
1006
Julj
1906
.
17.
I
t
h,
'>
1
1
,
V.-P.,
y%
2
XV&li Feb
Harris* Co,
J " &" w'Sellgman
1
OFFIOER1
'06,1
l
19 17
NATIONAL BISCUIT.— A consolidation under laws of N. J. in 1898
V. 66, p. 288. 901; V. 71. p. 545; V. 77. p. 92; V. 80, p. 870: V. 82. p. 388.
DIVIDENDS. On pref., in 1898, 5 X %; 1899, to May 1906,
(It Q-F). On com., Jan. 1899 to July 1906, inclusive,
(1% Q-J)
and in April 1906 1 % extra.
BONDS. These include N. Y. Biscuit first 6s (M & S.), due March 1911,
$516,469; Am. Biscuit (i Man. 1st 6s (F & A.), due Aug. 1910, $545,000,
and $25,000 5s due $5,000 yearly in October. V. 67, p. 274.
REPORT.— Report for year ending Jan. 31 1906 was in V.
82, p. 388, showing: Sales for year, $39,702,566; net profit, $3,822,338;
dividends, 7% on pref. and 1% on com., $2. 005 ,755: bal., sur., $916,583.
"Supplement
lV.82.p.148*.
-Report for th<
May
Q—
text.
5g
1,500,000
1
76, p.
10
,
amount
'"'"' "• '
'
List of in
279,000.
29 ,236,000 See
24 ,804 ,.-)()() 7 in
5 ,500.000 See
4 ,500,000 7 in
15 .591,800 See
8 546,600 7 in
1,000
—
A X
&
Q—
June 30'06,2H
Julyl3'06.2H %
<
I
4M
100,
100,
1901
Tribune Building, X Y
Office, 66 IV way, X Y
Ihecks mailed
.
A
1,000
Corp.
100
100
100
100
—
STATE
Q— II
Q— J
—
Stocks Last
Dividend.
Whom.
Payable.
D
1,000;
STOCK. Stockholders voted May 8 1906 to increase the authorized
stock from $2.1100,0110 to $3,000,000, the new slock being paid as a
V. 82, p. 755, 1104, 1384.
div. on the outstanding stock.
DIVIDENDS. In 1882 to 1886, Incl., 8% yearly; from 1887 to July 1
1000. both incl.. at rate of 10% per annum 12 v.. Q. •'>: also June 1 1906,
50% In stock. V. 82. d. 1104, 1384.
For 6 months ending June 30 (partly estimated):
i: V.BNINGS.
BaL.sur.
Dividends.
Mex. Gov.
Gross.
Net.
6 Months
$15,000 (5%)$119,562 $187,438
$377,500 $322,000
1906 (est
167,970
12.000 (5%)
95,630
275,600
1905 (est.)!"------ 326,600
RHPORT. Report for year ending Dee. 31 1905 was in V. 82, p. 1495,
showing, gross earnings. $670,142; net, $555,694; Mex. Gov't share, $24,000;
improvements. $11,676; dlvs., $101,260; bal., sur.. $328,7o8. J. A.
(V. 82, p. 1495, 1500.)
Scrymser, Pies., 66 Broadway, X. Y
MICHIGAN
1
100
1902
1903
and by
Where Payable,
,000 ,000 6 in 190(1 F
Minnesota L & Tr Co.Min
e
690 .000
,310 ,000
5g j~~&" City Trust Co, Boston Dec~~ri934~~~
Jan '06. 1.94%
,000 ,000 See text. See
\t. Checks mailed
r
6 g
o.
,031 ,000!
O Union Trust Co, Pittsb'li Oct 1 1949
do
July 1 1917
5
do
,860 ,000
& J
J
Checks mailed
,000 .000 See text.
Aug lo'OO.l^
,633 ,000
J
& .1 /Company's off. Bank ofl Jan 1 1932
g
,-107 ,000,
5 g
A & O 1 Montreal or X Y AgcyJ April 1 1933
50
1,000
5,000
—
porated
%
500 15 in '05
000
10
in 1905
000
non
ooo
5 g
F
150 See text.
000
4 g
M
.500 ,000 4 in 1906 F
1
I
1902
When Due.
pal.
When
Rate
00 $ 1 ,996
100
3 ,000
100
2 ,285
285
,000
1,000
,656
50
,380
1,000
,300
$
Mergenthaler Linotype
Minneapolis Central LTectric Common stock $1 .500,000__
Preferred stock 6% cumulative--First mortg age
Consolidated mortgage $8,000,000 gold subject to call at 110
$10,000,000
Mon River Con Coal & Coke Pref 7 % uon-eum
First mortgage $10,000,000 gold sink fund (see text) . U Pi .C*
Certificates of indebtedness due $200,000 yearly,-.
Montreal Light Heat & Power Stock S17.n00.000
First & coll trust M $7,500,000 gold red 105 beg 1912. -C*
c'
Lacliine M $4,000,000 gold s f red 105 after 10 years
Mt Vernon- Woodberrv Cotton Duck Co See Consol Cotton
National Biscuit Common Stock $30.000,000
Preferred stock 7% cum $25,000,000 (for bonds see text)
National Carbon Common stock $5,500,000
Preferred stock 7% non cumulative $4,500,000
National Enameling & Stamping Common stock $20,000,000
Preferred stock (as to assets) 7 % cumulative $10,000,000. SSt
First M gold $250,000 payable yearly
Bonds— Princi-
Size, or
Bonds
column headings, &c.
of
Vol. lxxxiii.
|
Jum
.
1
1
clush e,
006, 1% (qu
1
icing
July,
INDUSTRIAL STOCKS AND BONDS.
190(5.
Date
page of
first
see
of
Par
Amount
Value.
Outstanding
on
notes
tables.
—
National Fireproofing Common stock S4, 500, 000
Preferred stock 7 % non-cumulative $8.000,000
First mortgage $2,500,000 gold red par $250,000 due yr..N
Stock common $2,250,000
National Glass
non-cumulative $1,650,000
Preferred
c*
First mortgage gold $200,000 payable Nov yearly.- U Pi.
General mortgage $2,500,000 gold s f drawn at 105_. UPi.c*
National Lead Co Stock common $25,000,000 authorized..
Preferred stock 7
cum $25,000,000 red par beginning 1910
National Sugar Common stock $10,000,000
cumulative $10,000,000
Preferred stock
New Central Coal Stock $ 1 ,000,000
New England Cotton Yarn— Pref stk $2,000,000 6 % non-cum
First
$6,500,000 gold s f subject to call at llO-.NB.c*
—
1906
1
,000
50
50
1899
1901
100
100
100
100
20
100
1,000
100
1,000
1,000
—
—
M
1899
New England Telephone & Telegraph — Stock $50,000,000..
92 -"'93
Bonds Ser 4 & 5 $500,000 each, call at 102
'95 -'99
Bonds Series 6, 7 & 8 $500,000 each not subject to call
Bonds
$
1
1900
,000,000
—
—$13,000,000
mortgage
1,000
100
New York Air Brake Stock $10,000,000
New York Dock Preferred stock 5% non-cum (text)-.Usm
100
500 &r
Usm.c&r 1901
gold call at 105
New York Gas Electric Light Heat & Power See Consolidat ed Gas
red
Usm c* 1896
N Y & Hob Ferry Co— Hob Fer 1st con
1896
N Y & N J Ferry two rnorts (V 82, p 164)
1898
N Y & Hoboken Ferry gen mort gold $4,000,000
'First
—
M
—
,
,
,
—
—
1
1
—
Dividend.
J
Aug25 03,14^
%
,
July25'05,lM %
Apr 1907-1916
July27'06,l%
'
& N; Mellon & Sons Bank,
& N
do
do
Pitt 1906 to
Nov
1
1909
1921
%
Q— 100 William Street, N Y July 2 '06, %
Q—
do
do
Jne 15'06,1M %
Q—
July2 '06, \y %
M & S
Mar 1906, 2%
Q— F
Ah ". T06, y %
& A Nat Shawmut Bk, Boston Aug
1929
Q— F 1119 Milk Street Boston Mayl5'06,l y %
4,100,000
1 ,000,000
3,300,000
Y.ooo
ANNUAL REPORT.— The annual report for 1905 in V. 82, p. 865,
showed: Net earnings, $2,082,032; dividends on preferred, $1,043,280:
balance for year, surplus, $1,039,352.
In 1904 net $1,595,693.
DIRECTORS. L. A. Cole (Pres.) F. W. Rockwell and R. P. Rowe
(Vice-Presidents) W. W. Lawrence (Treas.) E. F. Beale, G. O. Carpenter,
R. R. Colgate, E. C. Goshorn, A. P. Thompson, Walter Tufts, C. F.
Wells, Daniel Guggenheim, Murrav Guggenheim and Edward Brush.
Sec.
is Charles Davison.
(V. 82, p.
N. Y. office, No. 100 William St.
NATIONAL RICE MILLING.— See full statement V. 55. p. 49; V. 71,
p. 1123, 1223; V. 72, p. 91, 135; V. 73, p. 1163; V. 81, p. 666.
NATIONAL SALT CO. See International Salt Co.
NATIONAL SUGAR REFINING OF NEW JERSEY. Incorporated in
New Jersey on June 2 1900, and took over the New York Sugar Refining
Co.'s (Doscher) refinery, Long Island City, the Mollenhauer refinery
Brooklyn, N. Y., and the National refinery, Yonkers, N. Y. The capacity
of the new company is 10,000 L >rrels daily.
V. 70, p. 1098; V. 71, p. 31;
V. 77, p. 1877. Div. on pref., y % (Q.-J.), paid Oct. 2 1900 to July
2
2 1906, inclusive.
No bonds. Pres., James H. Post. New directors
">. 104.)
Jan. 1906, V. 82, p. 104.— (V. 8.
NEWARK CONSOLIDATED GaS. See "Street Railway" Section.
NEW CENTRAL COAL (MD.). Owns coal lands In Allegheny County,
Maryland. Tons mined in 1898, 203,677; 206,262 in 1897, 188,453
In 1896, 201,826 in 1895, and 151,002 tons in 1894; net profits, in 1898,
837,397; in 1897, $32,000; in 1896, $23,018.
N. Y. office, 1 Broadway.
In 1898 reduced the stock from $5,000,000 to $1,000,000 and shares from
$100 to $20. V. 66, p. 901, 1140; V. 64, p. 515.
DIVS.
1 '88 '89 '90 '91-94 '95-97/98 '99 '00 '01 '02 '03 '04 '05
1906
A & O
M
by
Checks mailed
do
Q— J
Q
and
Whom.
Q— F
6 g
M
800 ,000
6 g
1,700 ,000
20,713 ,600 See text.
20,750 ,000i7 In 1905
10,000 ,000
10,000 ,000 6 ill 1905
1,000 ,0011 4 In 1905
2,000 ,000 See text
5 g
5,263 ,000,
F
27,759 ,000 6 in 1905
1,000 ,000;
6
A
5
A
1,500 ,000
4
1,000 ,1)110
J
8,012 ,500 8 In 1905
10,000 ,000 See text. A
4 g
F
11,673 ,000
1.000
"
Where Payable,
Payale.
1,479 ,625
1,312 ,150
l.OOOi
l.ooo!
%
6%
%
When Due.
pal,
When
Rale
$4,484 ,000 See text.
7,951 ,450 See text.
5 g
2,000 ,000
$50
50
7%
—
Bonds
Size, or
Bonds
column headings, &c,
of
—PrinciStocks —Last
INTEREST OR DIVIDENDS.
MISCELLANEO US.
For explanation
169
t
g
1
:
2
1
1
&
&
&
Q—
&
&
M &
J
&
J
&
5
5
5
1
0|Bank of Republic, Bost
O Nat Bk Commerce Bost
do
J
do
Office 00
Jan 1 1930
July 18 '06,
AprlO'00, \y
2
Aug 1 1951
N Y
B'way
2
April 1907-1908
1915, 16 & '19
2%
%
O Checks mailed
A U S M & Tr Co, N Y
N NY, Office D L & W
J
do
do
D
do
do
May
1
Jan
1
May
1946
1946
1946
1
NEW YORK MUTUAL TELEGRAPH.— Successor to the Mutual Union
Telegraph Company. The stock carries dividends of 6 % per annum under
a lease for 99 years from February 15 1883 to Western Union Telegraph
which owns $2,385,700 of $2,500,000 stock; par $25.
NEW YORK & NEW JERSEY TELEPHONE.— Operates telephone
lines under perpetual license from the Bell Company in Staten Island,
Long Island (including Brooklyn), in New Jersey in counties of Bergen'
Essex, Hudson, Middlesex, Monmouth, Morris, Passaic, Somerset, Sussex
and Union. Total stations on Jan. 1 1906 were 112,049 (of which 56 610
on Long Island, 80,324 in 1905, 66,564 in 1904 and 53,184 in 1903
Reduction In rates in 1906 in Metropolitan district, V. 82, p. 338 1272
STOCK. Stockholders voted Oct. 25 1905 to increase the authorized
stock from $15,000,000 to $50,000,000.
Of the new stock, $3,442 525
was offered to stockholders at par, payable 25% Dec. 1 1905 and 25%
each April 1, July 1 and Oct. 1 1906, or optionally all on Dec. 1 1905
V. 81, p. 1178, 1316, 1378. Stockholders were offered $1,721,140 stock
at par on or before July 31 payment to be made Aug. 1 1906.
V. 82, p.
—
:
—
—
— %..] 100
Since
The dividend was passed Sept.
'87
24200424
1
1904.
Mar,
2
(V. 79, p. 1333.)
NEW ENGLAND COTTON YARN.— A
consolidation of 9 yarn mills
Bedford, Fall River and Taunton. V. 69, p. 28, 81, 181; V. 70,
Total, 531,000 spindles.
V. 71, p. 345; V. 73, p. 443;
p. 587, 1294.
V. 81, p. 617, 1608. Incorpor. in Mass. Nov. 27 1903 as successor, per
plan V. 77, p. 40, 149, 206, of New Jersey Co. of same name; V. 77, p. 2161.
SECURITIES. Stock authorized, common, $3,900,000; pref. (as to
assets and accrued div. and subject to redemption at $140 per share and
accrued dividends), 6% non-cum., $2,000,000. Div. on pref. stock,
Nov. 1905 to Aug. 1906, inclusive., l'A% quar. (Q.-F.). As to sinking
fund for bonds, see V. 77, p. 2161.
REPORT. Report for year ending Sept. 30 1905, in V. 81, p. 1608,
showing: Profits, (about) $510,000; charges, $280,000: bal., sur., $230,000; pref. div. paid Nov. 1 1905 (1 J^ %)
$30,000; sink, fund, $58,000;
bal., sur., $142,000.
Pres., C. Minot Weld.
Office, New Bedlord, Mass.
(V. 81, p. 1608.)
ENGLAND TELEPHONE & TELEGRAPH.— This company does
a telephone business in Maine, New Hampshire, Vermont and Massachusetts under license from The American Bell Telephone Co.
On January
1 1906 it bad 173,726 stations In all, against 139,829 in 1905.
Of Stock,
$16,183,900 is owned by American Telephone & Telegraph (Bell) Co. V.
Stockholders voted May 7 1906 to increase the authorized stock
70, p. 40.
to $50,000,000; of the new stock, stockholders subscribed for $3,905,500
at par, payable one-half Aug. 20 1906 and one-half Feb. 20 1907, raising
the amount outstanding to $31 ,724.500. The debentures are to be secured
of
New
—
—
,
—
NEW
by anv mortgage
placed.
DIVIDENDS.—
1886-93
'94. '95. '96. '97. 1898 to Mav 190 6
3 >£ yearly.
4
514
6 yearly (1 K.Q.-F)
4>A
Fiscal year ends Dec. 31.
Report for 1905 was
1376, showing gross earnings $8,071,244; net over Interest,
Percent
ANNUAL REPORT.—
in
V. 82,
|>.
maintenance, taxes,
etc., $1,024,122: dividends (6%) 81,458,6 18: balance,
surplus for year, $165,474.
Office, 125 Milk St., Boston.
(V. 82, p. 1376.)
YORK AIR BRAKE. Incorporated under laws of New Ji
Works at U'atertown, N. Y.; capacity, 500 sets of car brakes a day. In
April 1902, Russian plant was placed in operation.
In
V. 74, p. 887.
1905 control of the U. S. Light & Heating Co. was acquired. V. 81 p. 67
In 1896 dividend 6%; in 1897 and 1898 none; Oct. 1899 to July 1906,
inclusive. 1" „ guar. (8% per ami.)
Litigation, V.
V.
DIRECTORS.— Pres., C. A. Starbuck, 66 79, p. 217; 80. p.
Broadwav: VIce-Pres.,
Daniel Magone; Sec. and Treas., John C. Thompson; Asst. Treas., C, H.
Chaffee, Fred. Flower, H. A. Rogers, J. C. Young, Anthony N.
Thomas C. Purdy and George B. Massey. (V. 81, p. 671.)
YORK DOCK CO.— ORGANIZATION.— Incorporated in N. 5
State on July 18 1901 as successor of the Brooklyn Wharf & Warehouse Co.
foreclosed and reorganized per plan V. 72, p. 937.
Possession taken Aug.
V. 73, p. 239, 1355.
1 1901.
Owns water frontage in Brooklvn
of more than 2 ',; miles," of which 157 feet leased.
STOCK
BONDS. Com. stock, $7,000,000, pref.
non-cumulative, $10,000,000, all In shares oi $100 each.
After
on both stocks
the two stocks to share equally. Of the bonds, $1,327,000 were in the
treasury July 31 1905.
D IV tH :x s ~°" Dref -' ' "' '"'- 1903 to Oct. 1905.
yearly
,, „ ,7
(A & O), and In Oct. 1905,
% extra; in April, 1906, '4 %.
REPORT. Report for year ending July 31 190
balance si
In v. 81, ]>. 1042, showed: Gross earnings, $1,845,171; ne1
:. Interest on
(2%i, $200,000; den
s
charges,
etc., $25,189; bal., sur.. $281,207.
OFFICIOUS
Pres., David H. King Jr.; Vice- Pres., Columbus O'D.
Iselln; Sec, Edwin rhorne; Treas., George E. Spencer ;
Offl.
>t 10
Bridge St
x. v.
(v. 81, p. 1553: \
82, p. 51
YORK & east RIVER ferry.— Owns the Astoria" Ferry
between Astoria, L. I., and tool of 92d St., New York,
ferry-boats.
npltal stock, $750,000; dividends are pa
"•'"'
DI,Y?RF N S
96 ;,r '''*• '89. '00. '01 to June 1905
\
—
NEW
—
.
—
I
NEW
I
—
5%
5%
2%
'
]
,
:
!
'
,;
1
.
|
.
NEW
—
(
(Q -M)
Bonds, $750J
-
-
si
3
4
4 H
/
5
5
30 year gold 5s due Nov.
(incl.,
7
incl
l%ex.in Jan)
ending
1905 was in V 8' n
1377, showing, gross, $6,217,288; net, $1,641,443; interest and taxes
$19o,427; dividends, $1,034,150: balance, surplus, $411,866
In l'm-T
gross, $5,393,709.
Office, 81 Willoughbv St., Brooklyn, N Y
(V 81*
p. 1178. 1316, 1378: V. 82, p. 338, 450, 1377, 1443.)
"
NEW YORK
IZATION.
& QUEENS ELECTRIC LIGHT &
—A
consolidation.
Incorp.
in
July
POWER CO.— ORGAN1900.
Supplies entire
borough of Queens outside of Rockaway. See V. 72, p. 1039
N Y &
Queens Gas Co. is controlled by same interests. V. 79, p. 2089 '151
STOCK. -^Stock, common and pref. 5% non-cum., $1,250,000 each
all Issued.
Par of shares, $100. Div. on pref.
1904.
DIRECTORS;— Frank Tilford, H. E. Gawtry, 214%, paid Dec. 1 James
Henry R. Wilson,"
T. Pyle, Julian D. Fairchild, Abram M. Hyatt and L. B. Gawtry of New
York, and John Day Jackson, New Haven, Conn. Frank Tilford Pres
Henry R. Wilson, 1st Vice-Pres.; H. L. Snyder, Sec. and Treas
N y"
'
Ave.— (V. 79, p. 2089.)
NEW YORK & RICHMOND GAS CO.— ORGANIZATION ETC
Incorporated in New York in 1901. See official statement V 81 o 667
'
208 Fifth
office,
Stock authorized, $1,500,000; outstanding, $1,225,000- par of shares'
snares.
P
$100 each.
Bonds, see table above.
For 9 months ending Sept. 30 1905 earnings from operations, $71 242interest on bonds, $38,850; bal., sur., $32,392.
Pres., Robert L Forrest
Vice-Pres. and Treas., Chas. B. Van Nostrand, 36 Wall St
'n V
(V. 81, p. 1726; V. 82, p. 933.)
N. Y. SUBURBAN G AS.— See Consol. Gas Co. (N. Y. & Westchester Ltg)
NE
K TELEPHONE.— In 1896 this company took over the busir
ness of the Metropolitan T. & T. Co., with exclusive rights under
a oerpetual license from the American Bell Telephone Co., to the telephone
business in city of New York and suburbs.
V. 63, p. 229
Telephones
in service May 1 1906 256 962.
V. 82, p. 1377.
Controls' Empire City
Subway Co., V. 76, p. 50. Reduction in rates July 1 1906 V &'> p 1272
Stock was Increased Dec. 1902 to $50,000,000 (par $100)-' of which
American Telephone & Telegraph Co. on Jan. 1 1906 owned $3-' 215 7oo
d
e tern T nion Telegraph Co. on July 1 1905 $9,733,100, V.
, i
71,
?? ^n ,?
Reduction in rates, V. 82, p. 338. Report of committee p
139, 290
Merchants Association, Aug. 1905, V. 81, p. 780. Dividends paid of
in
1899 and 1900, 6 % yearly. Office, 15 Dey St., N. Y.— (V. 82!p 1377 )
—
:
'
y J°?
NEW YORK TRANSPORTATION CO.— ORGANIZATION.— IncorpoNew Jersey
rated in
on Feb. 21 1899, and operates under license from the
tKwiXw£S C$20, Nam^ cha »Fedas above Jan. 1902. Stock authorized.
$5,000,000: par, «o as reduced in Jan. 1902; outstanding, $4,700,000.
\
had over ,00 vehicles m service. Statement for year 1899. wit
was in V. 70, p. 840. Pres.. Richard
WadeWin. H. Palmer. Jr. Office, 851 Eighth Aye., N. Y.— (V Sec and Treas "
.80, p 2224
NIAGARA FALLS POWER COMPANY (THE) .—ORGANIZATION"
s
h
a ul
by s ? eclal Acts ° f New York State to
SS^SSSS !., £.: .:'' ?; _
W
.
f
—
,
1
1,
...
Lehman and Roswell Eldridge.— (V.
E.
i
.
.
!".', ll
.\'
.
.
71, p. 392
i
", Npn
G \S]CO.
l
,
l
see.
mn'7
1Sl ™?
\et
<'
ol
Me-
V
Controls Niagara Junction 1
p. 1910.
ongress June 1906, \ 83, p 159
tho, ize<l lr
l'
$10,500,000.
Issued, $4.<
.
'
1
l
n ,;
sVTmo',,
JDS.—The
'
•
ed for
mtge.
1st
ot
18
I
ronawanda, N. Y.
.version
,
ol
V ers 1,071 acres In city
aajority of'stock <S
and the Toniwandi P
orth
bonds are $1,000 each; int. J. & J.;
,
of Niagara Falls, tui
ract Power & Conduit,Co., Buffalo,
Coupon m
C
1 "'" ''" '" •"'"',"" '"'
Q-J- The $3,000,000 debentures
"7^| Vnr'lM
I;!;,"
dated Apill l ° looo -,,,.,,
ock. $ for $, at In
on or before \|»,,l
1908.
T
debentures of 1901. due
Oct.
'•&™. c
ion on or before Oct.
Into stock, $ for $.
In Dec. 1904 $
"",000,000 non-conv. deb
sold
anadlan plant
V. r.;
See V. 70, p,
(
...P. •>- o UT -7" lf r M aI '-'"'i'"-- June 30 190
$1,201,460; net.
$051,258; other In.-,
,$338,115; charges taxi
l
'
1
!'|
•
i
,
i
.
'
'
,
prm
P
lace
,., f
$197,696
i
%:'' ''YV"V
rreaa. and Vast.
™
r
1910;
\
,
V.-
-''••
7:'.
3ec, Frederick L.
y. office. 15
1
J''
W. P
Sec.
p.
I
161-
83, p. 159.)
much of
conm
1902
!?.
.
I
V "',
r"'
''
17;;
in
'
,,
1911
v. 71,
in sept. 18
N:
'
.
« ^ons Limited
d thai
a
" "'
N.
atlre
entire
;,
common
com. stock
st
Ont., was acquired.
re f.
I
oi
00 bavin
:
cJ
In
machine
,| re
.
-subject to call
ock.
i
'
.
\
niles-iu.mkvi-pom) co. -ORGANIZATION.—Incorporated
-
mm
ompletion of installation of Dower-
i
I
1
i
Customers, 1904, \. 78,
35
which
-
l
189
l
'" 1 '"" <,'»","'i"V's capacity
to lo5,ono cle'ctrical
I" 11
P - °2
dian side of 110.000 h. p. ! under construction; 50.000 h.
Is
p. has been installed and the wheel]. it for balance constructed.
V. 72 n 93973 n
,;.h. <?f the country: \
,..
69,
ooo) of tne
i,-iti
a- Whitnej
10
l)H
Lack. & West. RR. acquired
2 03
10 stock.
D\\ Idends: 1899,
%; 11
l%- 1901
since, (?).
Of the $4,000
served for
all are redeemable at 110.
(V. 82, p.
N. Y. MUTUAL GAS HQHT.—See CONSOLIDATED GAS.
'".
opened January
first
hT^ns ,':'h'u'''
Siifr SdP ^iin^nrt*!^
78. p.
NEW YORK & EAST RIVER QAS CO.—See CONSOLIDATED
NEW YORK EDISON CO.— See CONSOLIDATED GAS.
NEW York & hoboken FERRY CO.— Incorporated Nov.
<<••<'„',; ,',',,
Tunnel
!'
X.,
I
Directors—William A. Nash, Theo
'
»J
H. K. Knapp,
'
"
5
Percent
| f
1894 to Julv 1906,
% yearly
Dec. 31
6
.-.
.
AND
ln
1893.
f
T
1
,
—
DIVIDENDS.—
1892.
p?£rN-C e-^.c---D ---V for 6year
EARXINGS. — Report
since
i)
V. 81
of
John Bertram
p. 977.
INDUSTRIAL STOCKS AND BONDS.
170
For explanation
of
first
page of
Date
&c,
of
Par
Amount
Bonds
see
Size, or
Value.
Outstanding
on
notes
tables.
—
1,000
100
1,000
—
—
—
gold
1.000
100
500 &c
Ce
..-_
1st mortgage
Debentures gold convertible.
c"
do
do
do gold not convertible, redeemable begin Oct 1911..
Niles-Bement-Pond Co Stock common $5,000,000
Pref stock 6 %cum
Pratt & Whitnev 6
—
—
$3,000,000,
—
at 105
1
cum pref stock gu red (text)
cum pref stock not guaranteed
6
Niles Tool Works
cum pref stock not guaranteed
John Bertram & Sons 6
%
%
call In 191
%
1,000
1,000
1,000
100
100
—
North A merican— Stock $30,000.000
Northwestern Gas-Light & Coke Consol (now 1st) M gold
EC
Mortgage $2,000,000 gold
,---.-_
Cicero Gas first mortgage
.
Gen & ref M $5,000,000 g gu prln & int__.EC c*
do
B
Northwestern Telegraph First mortgage gold gu p &
c*
Ontario Power— 1st M $12,000,000 auth g s f red (text)
Ontario Transmission 1st M gup & red 110 to May 1916...
—
^
—
100
100
1,000
500
1,000
1,000
500
1,000
1,000
1895
1898
1892
1902
1904
1903
1905
1
1
6%
cum. (subject to call in 1911
STOCK Common, $5,000,000; pref.,
unissued.
at 105), $3,000,000, of the latter $1,000,000 being
1906.
INov. 99. '00. '01. '02. '03. '04. '05.
DIVIDENDS—
36
6%
I ncl. June. 3
--8
8
7
6
p*er cent---- r
yearly, 1). (Q.-Feb.)
J
Preferred, per cent
Pres., R. C. McKinney; Treas.,
Bal sheet Dec 1905. V. 83, p. 153.
Chas L Cornell: Sec, E. M. C. Davis, 111 Broadway, N. Y.— (V. 81, p.
977; V. 82, p. 338; V. 83, p. 153.)
Common.
—
CO. Organized in 1890 under laws of New Jersey
Ry."
and controls the Milwaukee (Wis.) Elec. Ry. & Lt. Co. (see "StreetIllumisection) and the Detroit (Mich.) Edison Co. (V. 81, p. 33); also the
nating i.ower and trolley companies of St. Louis, Mo., as follows: Union
Laclede
Etec Lt & Power Co. (V. 79, p. 2751: V. 77, p. 40; V. 82, p. 104)
r a ,i, co (V 78 p. 1273, 1278), and United Rys. (see "Street Ry. sec).
to $12,000,000 by the
STOCK lri 1901 decreased from $40,000,000 30; V. 76,
In
V. 73, p.
p. 106.
Issue of one share for each 3 1-3 shares.
for
lt.03 the stock was increased from $12,000,000 to $17,000,000 to pay
from
stock of the Laclede Gas Light Co. of St. Louis, &c, and in Mch. 1905
NORTH AMERICAN
.
—
shares in those properties
Louis and for developCoal Co., with $3,000,000
SI 7 000 000 to $30,000,000 to acquire additional
anri'a m'aiorltv interest in the United Railways of St.
ment
Sf said properties.
The West Kentucky
stock and an authorized issue of $5,000,000 1st mtge. 25-year 5% bonds,
will hold about 22,000 acres
of which $2,000,000 to be issued at present,
V. 81, p. 35, 563, 1178.
of coal lands' acquired In May 1905.
1904 to June, 1906.
1903.
\
4
5 (1% Q.-Mar.)
J
Percent
In 1906 5% payable quarterly, beginning March 1.
_..,_»_.«
in V. 82,
year ending Dec. 31 1905 at
REPORT &c Report forinc., $1,378,612: rentals and length expenses,
gen.
r.
2if,
2->3' showed: Total
dividends (5%), $1,252,996; bal., sur., $27,988.
Sflf 006- taxes $4,622;
On Dee 31 1905 owned: Stocks, $29,916,745; bonds, $541,333; and
balance sheet showed loans payable, none; loans and accounts receivable,
t9 972 894- cash, $1,090,212.
DIRECTORS Edward Q. Keasbey, John I. Beggs, C. W. Wetmore,
T
Burt Edwin M. Bull-ley. Wm. Nelson Cromwell. G. R. Sheldon, EdS
Randolph Rodman,
mund C Converse, Emerson D. Pray, Chas. F. Piister, Chas. H. Huttig, F.
F S Smithers Adolphus Busch, Breckinridge Jones,
Pres., C. W. Wetmore; V.-P.,
Vntrel Ir Charles A. Coffin, James Campbell;
F White; Sec, Silas W. Burt: Treas., Geo. R. Sheldon, 30 Broad St.
(V. 81, p. 1178; V. 82, p 104, 216, 221, 284, 395, 1272.)
NORTHERN UNION GAS CO. See Consol. Gas Co., N. Y City.
mvinFMDS—
—
—
W
Wm
—
—
CO.—
NORTHWESTERN GAS LIGHT & COKE 665 ORGANIZATION.—
Controlled by interests
397,
V. 75, p.
consolidation in Sept. 1902.
friendly to the PeoDle's Gas Light & Coke Co. of Chicago.
April 1905, 1 "„ quarterly; since, (?)%.
Dividends April 1903 to
Nelson A. McCleary, Pres.; T. M. Jackson, Treas. Office, Chicago
(V. 75, p. 669.)
is
NORTHWESTERN TELEGRAPH. Owns 10,000 miles of wire and on
leased to Western Union for 99 years, which guarantees dividends at 6
$2,500,000 stock (par $50) and prln. and int. on $1,500,000 bonds (see
Guaranty, V. 79, p. 216.
table above).
OGDEN GAS (CHICAGO) .—"Supplement" of Jan. 1898. V. 78, p. 461.
—
%
—
OHIO & INDIANA CONSOLIDATED NATURAL & ILLUMINATING
N. J.
1899, per
An amalgamation Incorporated inwhich on Dec 29 to acquire plan
q AS
new
of
$1,000,000
V
Stock $10,000,000,
statement to N. Y. Stock Exchange. V. 70, p. 994. Dividends March 1900 to June 1902, 1 % quarterly; none since.
Underlying bonds, $820,000 Ind. Nat. & 111. Gas 6s (int. M.-N.) due
1908- ll 690,000 Logansport & Wabash 6s, J.-D., due 1925; $1,940,000
Fort'Wayne 6s, J. -J., due 1925; $900,000 Lafayette 6s, M.-N., due 1924;
$1,940,000 Ohio & Indiana 6s, J.-D., due 1926.
A committee consisting of James N. Wallace,
Reoraanlzatlon Committee.
Anthony N Brady and Chas. F. Dlcterlch (Central Trust Co., N. Y.. deposlInterest on which had
Ion will be pre69
eas
1251
D
See'
fields'
,
—
p.
36.
21
L906
on Ft.
"Report for calendar' year 1903 In V. 78, p. 227. In 1904 net deficit after
Pres.. Chas. F.
Interest on bonds and' construction ($46,234), $38,900.
Dleterleli; Treas., A. li. Proal, 45 Broadway. N. Y.— (V. 82, p. 1104,
^
1443, 1500.)
OMAHA WATER CO. —ORGANIZATION.— Successor in 1896 of AmeriIn 1903 the
can Water works Co. of Illinois, per plan in V. 62, p. 1085.
V. 76, p. 1411.
city oi Omaha proposed to purchase property.
Issued; outstanding, 1st pref., 5% nonStock common $2,500,000 nol
Par of shares, $50.
cuin
S750 000; 2d pref., >"'; non enin., $1,(10(1,00(1.
Preferred stocks are subject to call at par. dividends being paid at Farmers'
Decision, see V. 71, p. 915; 7.73, p. 1211; V.
M. Y.
Loan&Ti
kv ,, 1443
Dlvs. paid on first pref., 5% yearly to Aug. 05 lncl.; no dlv.
baidFeb
OnZdpref.,1%
'06.
Par.
Secutttiet
Common
stock
1st pref., 5
2d
pref.. 5
.
•"<,
%
gold
.
1900,2%; ni.2";,;
'99;
Interest.
$50
50
I-'&A
50
I'&A
outstanding
None.
$606, 00
867,0 15
1
'02,2";,;
w,.";,
Last dlv., &C.
Aug. 1(1
Aug. 10
'05
'().'!
2>A
1
July 1 1916
,093,000
<v.)
Subject to call at 105%.
1946
3,543,000
6 J A.I
Consolidated gold. $6, [1,000
at
Subject to call at 105 "„
000 00(1
C. Woodbury, New York; Sec, l.hen Stexens, New
Theodore
I're's
(V. 82, p. 1448.)
York: TreaS., Stockton Beth, Omaha, Neb.
ONTARIO POWER CO. ORGANIZATION. Organized under special
charter of Canadian Parllamem and is developing power plant on Cans
dlan side of Nlagars Falls below the Horseshoe Falls to have ultimate
canaclty of about 250,000 h. p., of which -12.1100 b. p. installed April
The Niagara Lockport a Ontario Power Co.. organized under New
1906
with privilege of taking 120.000
York law baa contract to bus 60 ,000 h. p. with leiicwal rights for 60 years
I960,
more for a period ending July
Prior
lien
000
6 J
1
$1 ..",0(1,000
—
'
1
V. hi, p. 671, 1489; V. 82, p. 896.
^tock $5,(100,000 authorized.
The bonds i$i2.iioo.ooo authorized issue) are limited to
The Toronto General Trust corpora$4 800 ooo for the first no, ooo b, p.
Sinking fund, $1 per li. p. sold beginning July 1
tion Is mortgage trustee.
Tiny are subject to call at 10 on or before Feb. - 1918. V. 80, p.
1909
Ontario Transm. guar, bonds ($2,000,000 author1427- V 82. p. 632.
zed fosu'e), V. 82, p. 395.
more
BONDS
I
When
Rale
%
Where Payable,
$3,500 ,000 7 In 1906
5,000 ,000
6 g
18,932 ,540:7 In 1905
1,250 ,000
5 g
78 ,000
5g
2,272 ,000
5 g
1,225 ,000
5g
4,180 ,700
10,000 ,000
5g
3,000 000
6g
3,000 ,000
6 g
2,000 ,000
6 g
5,000 ,000 6 In 1905
2,000 ,000 6 in 1905
1,225 ,000 6 in 1905
1,000 ,000 6 in 1905
200 ,000 See text.
30,000 ,000 5 in 1906
250 ,000
6 g
1,202 ,000
5 g
500 ,000
6
1,770 ,000
5 g
1,500 .000
4H g
3.823 ,000
5 g
853 ,000
5 g
&
J
Stocks Last
Dividend.
by,
Whom.
Payable.
J Checks mailed
July
& J
& A
J
F
M & N
Various Winslow. Lanier&Co.NY Jan
& r> Metropolitan Tr Co, N Y Apr
Winslow, Lanier & Co, NY Oct
&
&
&
&
F
M
do
do
Checks mailed
do
do
do
do
30 Broad Street N Y
Equit Trust Co, Chicago
do
do
Merch L & Tr, Chicago
J Equit Trust Co, Chicago
J West Un Teleg Co, N Y
A CanNB of Com, Tor orNY
do
do
N
Nov
1
1
1
June
Jan
Dec
July
July
Jan
Feb
May
•
'06
1
H
15 *06 1H
15 '06 1J4
1H
IK %
June 30
Aug
•
1932
1910
1911
1914
1
June 20
May
May
\y
2
1920
1949
1930
1921
N Y May
A
J
J
'06
Aug
A & O
M & N
Q—
Q—
Q—
Q—
Q—
Q—
Q—
Q—
Q—
1911
Jan
Liberty Nat Bank,
3%
'06
M & N N Y, West Union Tel
May
Q— 15 Bklyn, 81 Willoughby St July
M & N Atlantic Tr Co, N Y
May
1
1
1
'05
'06
'06 1
X
1915
1928
1922
1932
1934
1943
1945
OFFICERS.— Pres., J. J. Albright; Sec. and Treas., R. C. Board.
Niagara Falls, South Ontario; branch, Fidelity Building, Buffalo,
N. Y.— (V. 82, p. 395, 632.)
OTIS ELEVATOR CO. — Incorporated Nov. 28 1898 under the laws of
New Jersey and took over about 13 plants comprising about 85% of the
Office,
business.
See V. 71, p. 545; V. 74, p. 271; V. 75, p. 552.
Injunction,
V. 82, p. 1326. Stock, $6,500,000 common: outstanding, $6,350,300.
Preferred outstanding (see table above) $5,699,000.
V. 75, p. 345, 552.
Dividends on pref., July 15 1899 to July 1906, both incl., \y
quar.
2
per annum).
(6
On common, 1903 to 1906, both incl., 2 yearly (paid
in April). Gold notes, $400,000, due $200,000 yearly Jan. 1 1907 and 1908.
Report for year ending Dec. 31 1905, with balance sheet, in V. 82, p. 690,
showed net earnings over interest and renewals, $912,938; dlv. on pref. (6 %)
$339,697; div. on common (2%), $127,006; charged off for depreciation,
$246,235; bal., surplus, added to working capital, $200,000.
Office, 17
Battery Place, N. Y.
(V. 82, p. 690, 1326.)
PACIFIC COAST COMPANY. This company controls the Pacific Coast
Steamship Company (owning its entire capital stock) and operates five
steamship lines running between San Francisco, Portland, Victoria, Sitka,
Fort Bragg, San Diego, &c. Also owns all the securities of the Columbia &
Puget Sound RR. (now standard gauge), Seattle to Franklin, &c, with
sidings, 57 miles, and its New Castle mine; the Pacific Coast Ry. (narrow
gauge), Port Harford, Cal., to Los Olivos, 80 miles.
Operates Franklin
Coal Co., owning Franklin mine, with 3,050 acres of coal lands at Franklin
and 2,083 acres at New Castle; also Black Diamond (Wash.) Coal Mining
Co. acquired in May 1904.
HISTORY. Successor on Dec. 1 1897 to the Oregon Improvement Co.,
sold In foreclosure and reorganized per plan in V. 65, p. 412, 463.
DIVIDENDS. 1 '98. '99. '00. '01. '02. '03. '04.
1905.
1906.
Com., p. c
4
2
2
4
5 See below. Incl.Aug,4J^
4>i 5
1st pref. p. c..| 5 4 1-6 5
5
Incl.Aug,3 3 4
5
5
5
5
2d pref.. p. C.-.J 4 3 1-3 4
4
5
5 Seebelow. Incl. Aug, 4>i
In 1905 on com. and 2d pref Feb.,lJi %;May,l
%; Aug., IX %;Nov..
After 4
on 2d pref. and com., these stocks share equally.
LATEST EARNINGS. 11906
Gross, $5,820,565; net, $1,259,526.
11 mos., July 1 to May 31./1905
Gross, 5,580,119; net,
1,138,695.
REPORT. Report for year ending June 30 1905, at length in V. 81, p.
1241, 1264, showed gross of steamships and colliers, $3,713,484; net, $512,927; rail lines, gross, $692,576; net, $321,782; coal department, &c, gross,
$1,793,216; net, $498,406. Total results were:
Gross earnings
$6,199,276 Interest on bonds
$222,300
,
%
%
—
%
—
—
(•
,
4H
X
%
1H%-
—
|
Op. expenses and taxes.. 4,866,161 Depreciation, Ac
Div. on 1st pref. (5%)
Net earnings
$1,333,115 Div. on 2d pref. (5%)
Interest and discount
27,624 Div. on common (5 %)
|
1
|
|
29,193
76,250
200,000
350,000
Total net income
Balance, surplus..
$1,360, 739
.$482,996
For year 1903-04, gross, $5,902,972; net, $1,185,029.
OFFICERS, Ac. Chairman of the Board and Pres., H. \\\ Cannon;
V.-P., J. C. Ford; Treas., John Kean; V.-P., W. M. Barnum; Sec. and Asst.
Executive Committee: Henry W. Cannon, E. H.
Treas., Clifford C. Fay.
Harriman, Daniel S. Lamont, T. Jefferson Coolidge Jr., Grant B. Schley.
N. Y. office, 10 Wall St. (V. 81, p. 1318; V. 82, p. 221.)
PACIFIC MAIL STEAMSHIP. In Nov. 1900 the Southern Pacific Co.
acquired $10,005,000 of the stock (V. 71 p. 1015)
The traffic agreement
with the Panama RR. terminated July 12 1905. V. 74, p. 1255; V. 80, p.
Steamers owned April 30 1905, V. 79, p. 498; V. 80, p. 2341.
874, 1916.
DIVIDENDS.— 1896, 1 %; In '97, 2%; '98. 2H %: '99, 3%; none since,
surplus being invested in new vessels, &c.
V. 70, p. 331.
REPORT. Statement for 1904-05, V. 80, p. 2341.
1905.
1904.
1902.
1903.
Y ear ending April 30
Steamships
$5,592,822
$3,439,113 $2,677,913
$1,883,413
15,180
15,180
14,510
8,640
Subsidies
167,781
147,473
135.083
137,293
Miscellaneous
|
—
—
—
.
,
—
$5,775,783
Total earnings
Wayne Gas bonds was defaulted. V. 82, p. 51.
Henry C. Paul of Ft. Wayne was appointed receiver.
'06 Interest
On June
1104.
Princi-
'
pal.
$100
N Y Mutual Gas Light Stock (bonds, see Cons Gas)
Cc c 1881
N Y Mutual Tel Mut L'n Tel 1st M g gu not drawn
New York & New Jersev Telephone Stock, $50,000,000
M (now 1st) $1,500,000 gsf $20,000 yearly not drawn_Mp c 1890
New York & Queens El L & P— N Y & Q Gas & El gold
tin 1900
1st mtge $2,500,000 gold
Ce c* 1901
1st mtge
New York & Richmond Gas authorized gold red 110
$10,500,000
Niagara Falls Power Stock
—
— Bonds—— Due.
When
and
IXTEREST OR DI VIDEXDS.
MISCELLAXEO US.
column headings,
[Vol. lxxxiii.
$3,601,766
$2,827,506
$2,029,346
$427,656
$246,896
$8,280 def.$307,935
Net earnings
E. H. Harriman, Pres.; Alex. Millar, Sec, 120 B'way, N. Y. (William
(V. 80, p. 2341.)
Mahl, Comptroller; A. K. Van Deventer, Treas.
PATERSON & PASSAIC GAS & ELECTRIC CO.— See "Street Ry." sec.
—
PENNSYLVANIA COAL & COKE CO.— ORGANIZATION.— IncorpoControls about 117. ooo acres of coal lands
rated In Pennsylvania In 1902.
and surface, chiefly In Blair, Cambria, Clearfield and Indiana counties, Pa.,
(est. to contain over 1 .OOO.OOO.oiio tons of coal) collieries, railroads, electric
light COS., &C.
Properties Include entire stocks of Webster Coal A Coke Co.
lieeeh Creek Coal A Coke Co. (V. 72, p. 582;
(V. 72, p. 884; V. 77, p. 513).
See also V. 77, p. 2102; V. 79, p. 1335.
V. 78, p. 1910; V. 79, p. 1706), Ac.
Date.
Interest.
Securities
Outstanding.
Last dlv., etc.
Common stock (par, $100)1
($7,000,000 auth.)...
$3,675,000
Pref., 6 ";, non-cuni., $5.1
UOO.ooo 1111. (par, $]00)J
3.575.000
Webster C. A C. 1st eon.
Mch. 1942
3,000.00(1
5g. M S
M., $3 .000, 000, gold 1902
_-)
($1 .000 each)
A.l 1902
J
July 1 1932
5g.
1 ,200.000
Pa. C. A 0. 1st M..Ser.
/Int. at Commercial Trust Co., Phlla., trustee.
g., red. 105. s. f
77,000
Minor pnrcli. nion. mtges..
Consol. 1st A COll. tr. M
Sec tabic above.
432.000
Car trusts
Land A Imp.. 1898
4 A-O
252.000
Chest Creek
Oct. 1 1924
lieeeh Cr. 0. A 0. 1st M..1
June 1 1944
$3,000,000 g.. gu. p. 4)1904
6g.
2, 748,ooo
I.
end., s. f. red. beg. Interest at K nlckcrbockcr Trust Co., New York,
<•*
trustee.
1907 ($1 .000 each) .
BONDS. — Of the consol. 5s of 1903 ($ 2 ,000,000 aut liorl/cd) ,$ 1 ,200,000
Is reserved tO retire the Webster Coal A Coke bonds and I 'en 11. 1st 5s (V. 76,
[>. 51), 1909,000 for purchase money mortgages and car trusts and $4,391,000 for improvements and future purposes.
V, 77. p. 2102; V. 82, p. 284.
Beech Creek guar. 5s. see V. 78. p, [910; V. 79. p. 1706; V. 80, p. 1364.
of consolidated mortgage.
Scranton Trust CO, la trustee
EARNINGS, Net earnings for calendar year 1903 applicable to Interest
were about 1700,000.
II. W'atklns: See.. A. G. Edwards;
Pres., W. A. I.athrop; V. P., T
Treas. It. M. Law.
Office, Land Title llldg., Philadelphia, Pa.— (V. 78,
p. 1910; V. 79. p. 1706; V. 82, p. 284.)
—
!
.
.1
.1
.1
I
.
I
I
,
July,
INDUSTRIAL STOCKS AND BONDS.
1906.]
INTEREST OR DIVIDENDS.
MISCEl.LANEO VS.
Date
For explanation
column headings,
of
first
—
page of
&c,
notes
on
Size, or
of
Par
Amount
Bonds
see
tables.
Value.
Outstanding
Stock common $6,500,000
Otis Elevator
non-cumulative 56 ,500 ,000
Stock preferred 6
Gold notes due Jan 1 yearly (see text)
%
—
—
— ——
M
%
%
M
Penn.-Mary<Coal (serial) notes gold guar due part seml-ann
Pennsylvania Steel car trust bonds gold $25,000 yearly
Maryland Steel car tr bonds g $60 ,000 due yearly call 105
Stock $35,000,000
People's Gas Light & Coke (Chicago)
Ce c*
First consolidated mortgage for $10,000 000 gold
mortgage gold
FP c
Chicago Gas Light & Coke first
Ce c
Consumers' Gas 1st M gold (See V 66, p 472)
c
Illinois Light, Heat & Power first mortgage
1C
Lake Gas first mortgage gold
F c*& r
Refunding M $40,000,000 gold
&
Mutual Fuel Gas first mortgage $5,000,000 gold, assumed..
Calumet Gas Co first mortgage, assumed
—
PGL C—
1897
1870
1903
1887
1892
1895
1902
1905
1906
1900
1902
1893
1887
1886
1885
1885
1897
1897
100
100
100
1,000
100
1,000
500 &C
100
1,000
1,000
500 &C
1,000
1,000
5,000
1,000
1,000
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
PENNSYLVANIA MFG. LIGHT & POWER.— SeelPhiladelphia Electric.
PENNSYLVANIA STEEL CO.— Chartered in N. J. on April 29 1901 and
acquired per plan In V. 72, p. 46, 91, almost entire $6,500,000 stock of Penn.
company of same name and entire stock of Maryland Steel Co. Thus controls plants at Steelton, Pa., and Sparrows Point, Md., incl. blast furnaces,
annual capacity 750,000 tons pig iron; two Bessemer plants, capacity 800,000 tons, and one open-hearth plant, capacity 250,000 tons of ingots; two
rail mills, capacity 640,000 tons, a shipbuilding and a bridge-building plant
(new plant V. 77, p. 773), a complete frog and switch-building plant, &c.
Owns entire $150,000 stock of Bait. & Sparrows Point RR. V. 73, p. 1355.
Owns the entire $2,400,000 stock of the Spanish-American Iron Co.,
shipping from 400,000 to 500,000 tons of ore annually, and owning about
5,000 acres of land near Santiago, Cuba (V. 62, p. 776; V. 71, p. 393; V. 76,
p. 917; V. 77, p. 1229; V. 78, p. 1495).
Has also purchased a 42-96 interest In the Cornwall Ore Banks Co.,
Lebanon Co., Pa., the Lebanon Furnaces, Lebanon, Pa., and $540,000 of
the $800,000 stock of the Cornwall & Leb. RR., issuing in 1902 $7,500,000
5% collateral trust bonds of Penn. Steel Co. (of Penn.). V. 75, p. 345,
397; V. 72, p. 1241, 1283; V. 73, p. 1364; V. 74, p. 1312.
Owns entire
stock of Penn-Mary Coal Co., holding 16,000 acres of coal lands in Indiana
County, Pa. V. 82, p. 1100.
STOCK. Common stock authorized, $25,000,000; outstanding, $10,750,000 (par $100). Preferred, see table above. V. 72, p. 1241.
In June 1901, control was acquired by the Pennsylvania RR. and affiliated roads by purchase of $10,000,000 each of common and preferred stock.
V. 72. p. 678; V. 79, p. 1269.
DIVIDENDS. On pref. stock since re-capitalization, Nov. 1 1901 to
May 1906, incl., 7% yearly (paid M. & N.)
BONDS. Consolidated joint mortgage covers the plants at Steelton, Pa.,
and Sparrows Point, Md., and all of the $1,000,000 stock of the Maryland
Steel Co.; $3,000,000 are reserved to retire the prior liens.
Car trust notes
Dec. 31 1903. $175,000. V. 72, p. 579.
Of the collateral trust 5s of 1902, not less than $100,000 nor more than
$500,000 may be called, at 105, at any interest period; in addition a sinking
fund of 50 cents per ton of ore mined is to be similarly applied; if the sinking
fund is not sufficient to redeem $150,000, the company must meet deficiency.
V. 74, p. 1312.
The bonds on coke ovens dated June 1 1905 are subject to call at 102 J^
as a whole or in amounts of $100,000 or more.
V. 80, p. 1975.
PennMary guaranteed serial notes mature $500,000 semi-annually to Oct. 15
1907, remaining $250,000 on April 15 1908.
V. 82. p. 1100.
REPORT for calendar year 1905, in V. 82, p. 1100, showed: Earnings
of operating companies over charges and depreciation, $2 697,211, against
$1,235,512 in 1904; dividends (paid to Penn. Co.) $1 ,164,000; balance,
$1,533,211; total receipts of Penn. Co., $1,471,205; bal., sur., over expenses ($31 ,003) 7% dlv. on pref. (incl. 3 V % paid May 1906) and adjustment
2
value of securities ($200,000) $85,202; combined surplus of operating and
holding companies, $1,618,413.
Office. Philadelphia:
New York office,
71 Broadway.— (V. 81, p. 1562; V. 82, p. 104, 456, 1044, 1100.)
PEOPLE'S GAS LIGHT & COKE (CHICAGO). An absolute consolidation on Aug. 2 1897 of the companies forming the old Chicago Gas Trust.
V. 64, p. 1088; V. 65, p. 235. Mutual Fuel was purchased in Nov. 1897,
and early in 1898 consolidated, as was also the Hyde Park Co., with the
People's Gas-Light & Coke Co.
The Universal Gas Co. (stock, $1,500,000)
Is controlled in the company's interest.
V. 67, p. 179; V. 68, p. 474. On
Nov. 1 1900 made a contract to purchase the property of the Ogden Gas Co.
for $7,000,000, at the expiration of the latter's franchise on March 4 1945.
V. 72, p. 91, 244, 630, 779; V. 74, p. 99, 155; V. 78, p. 1501; V. 82, p. 574
As to Indiana Oil & Gas Co., see V. 67, p. 690; V. 68, p. 825, 1182; V. 71, p.
33, 1123. As to Northwestern Gas Light & Coke Co., see that co. above.
PROPERTY. In service January 1906: Street mains, 2,028 miles:
meters, 376,051; public lamps, 24,608; V. 78, p. 1501.
See V. 66, p. 382.
In March 1906, It was proposed to erect a new gas plant to eventually
replace the nine existing plants at an Initial expenditure of about $5,000,000.
V. 82, p. 574.
The price of gas has been fixed at 85 cents per 1 ,000 cubic ft. for 5 years
from Feb. 1 1906. The 75-cent gas ordinance of Oct. 1900 was repealed,
without prejudice to the city's right to maintain its validity in the Mills
suit, (V. 78, p. 346; V. 82. p. 574), the lower
court having declared
See ordinance at length, V. 82, p. 574.
It Illegal.
\'89 '90 '91 '92
'93
'94 '95 '96 '97 to Nov. "05
DIVS.—
1906
Percent. ./ 4 3 3 5^4HdHsc) 6 2H 1 A 6 yrlyd V Q-F)In.May,2H
2
In Feb. 1906 the dividend rate was reduced from 6 to 5 % In connection
with a reduction in price of gas. V. 81, p. 1796; V. 82, p. 284.
BONDS. ETC. Of the $40,000,000 Issue of 1897 $29,046,000 bonds
were reserved to retire prior bonds, of which $9,100,000 has been Issued.
The balance ($10,954,000), of which $800,000 has been sold, was Issuable
for additional property, Improvements or betterments.
V. 65, p. 572V. 79. p. 155.
REPORT.— Report for year ending Dec. 31 1905 in V. 82, p. 388.
Years ending Dec. SI
1903
1905
1904
Gross Income
$12,284,363 $12,014,085 $11,854,800
Net over oper. exp.
$5,705,579 $5,678,264 $5,414,438
Interest on bonds
1.857,300
1,853.550
1,829,300
Depreciation
690,569
656,431
726,989
—
—
,
,
,
,
—
—
l
—
Balance for stock
Dividends. 6%
$3,149,290 $3,134,145 $2,900,707
$1,978,146 $1,978,147 $1,978,146
DIRECTORS. C. K. G. Billings (Chairman), Geo. O. Knapp (Pres.),
A. N. Brady (Vlce-Pres.), Walter Ferguson (2nd V. P.)-, A. R. Flower. C.
K. Wooster Is 3rd V. P.: Treas., W. S. McCrea: Sec. L. A. Wiley. Office,
54 Wall St., N. Y.
(V. 82. p. 388. 395, 574.)
PHILADELPHIA
See Pittsburgh, In "St. Ry." Section.
PHILADELPHIA ELECTRIC CO.— ORGANIZATION.— Incorporated
In New Jersey on Oct. 5 1899.
Controls all electric-light properties of city;
also In West Philadelphia and Chester.
V. 73, p. 496, 680; V. 74, p. 1249.
STOCK. Authorized, $25,000,000, of which $12,250 In treasury; 40%
paid In. V. 74, p. 156. 215; V. 78. p. 1449.
Dividends: June. 1902,
to June. 1906, Inclusive, 5% yearly on amounts paid In.
BONDS. Collateral trust 4% gold fifty-year certificates, dated Oct.
16 1899. amounting to $17,500,000 have been authorized, of which $14,982 200 were used to purchase $14,994,100 of the $15,000,000 Penn. Mfg.
L. &. P. stock ($1,500,000 paid In) and all 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 adjacent counties.
See V. 69, p.
797, and official circular page 853 and official statement V 74, p. 1249.
Under agreement of Oct. 12 1899, $2,000,000 old Phlla. Electric certificates were purchased, reducing the amount outstanding to $11,268,060.
V. 70, p. 331. In Aug. 1900 purchased $2,000,000 fours, the same being
held available as collateral for loans.
V. 74, p. 215.
—
—
—
—
COMPANY—
Bonds- —PrinciWhen Due.
pal,
>100
Stock common $7,000,000 (see text)
Pacific Coast Co
non-cumulative
First preferred stock $1,525,000 5
non-cum (see text)
2d preferred stock $4,000,000 4
-Ma c*
First mortgage $5,000,000 gold
Stock
Pacific Mail Steamship
c*
$5,000,000 interest guar
Pennsylvania Canal Gen
Penn Coal & Co Cons 1st & coll tr
g s f (oth bds see text)c*
non-cum $25,000,000
Pennsylv Steel Co Pref stock 7
GP r
Old Pennsylvania Steel first mortgage currency
GP r
first mortgage currency
Maryland Steel
GP c*
Penn Steel Co consol mortgage $7,000,000 gold.
Collat trust loan Cornwall properties s f red (text)
GP
Mortgage on coke ovens due $ 1 50 ,000 yearly red
%
171
When
Rate
%
Where Payable,
and by
April
Office, 17 Batt'y PI, N Y
do
do
do
J
& J
do
4 g
400 000
Checks from Co.'s office
7,000 000 See text.
do
do
1,525 000 5 In 1905
do
do
4,000 000 See text.
& D Manhattan Tr Co, N Y
J
5,000 000
5 g
& D Mercantile Trust, N Y
in 1899 J
20,000 000
6
J
& J Broad St Station, Phila
1,948 000
& S
5 g
5,132 000
& N Checks mailed
In 1905
16,500 000
M & N Philadelphia office.
5
000
1,000
do
F & A
5
2,000 000
M & S Girard Trust Co, Phlla
4,000 000
6 g
A & O Office, Philadelphia
5 g
7,050 000
J
& D Office, Philadelphia
1,125 000
A&O 15
5 g
1,750 000
J
& J Office, Philadelphia.
100 000
5 g
J
& J Girard Trust Co, Phila
360 000
5 g
Office, 54 Wall St. N Y
32,969 100 6 in 1905
Central Trust Co, N Y
6 g
4,900 ,000
J
& J Cent'l Tr. N Y; & Chica'o
5 g
10,000 000
& D Cent'l Tr, N Y; & Chica'o
J
4,246 000
& N Central Trust Co, N Y
500 ,000
J
& J 111 Tr & Sav Bk, Chicago
300 000
& S Cent'l Tr, N Y; & Chica'o
,000
9,900
do
M & N
do
5,000 ,000
J
& J Eqult Trust Co, Chicago
250 ,000
6 g
$6,350 00012 in 1906
6
5,699 000
Stocks
Q—
Q—
Q—
Q—
M
M
Q—
A&O
M
M
—
Last
Dividend.
Whom.
Payable.]
Apr 16
"06
'
J'lyl6 06
Jan
'
Aug
Aug
Aug
'
1
'
1
'
1
June 1
Dec 1
July
Sept
2
'
%
\y %
2
37-'08
36 \y
2
1
%
1K%
1H%
06
06
1946
99
1
,
H%
1910
1 1953
May 1 06
Nov 1 1917
Feb 1 1922
Sept 1 1925
Oct 1 1932
To June 1 1915
To Apr 15 1908
July 1 07-'10
July 1 '07-'12
1
3^%
May25'06 1J4
Apr 1 1943
July
Dec
1
1
Nov
1
July
Sept
Nov
July
1
1
1
1
%
1937
1936
1915
1915
1947
1947
1917
—
REPORT. Year ending Dec. 31 1905. with balance sheet, was in
Total gross income, $4,104,113: expenses, taxes, etc
other charges, $14,534;
interest, $1,263,626;
dividends,
$2,014,938;
$499,935; balance, surplus, $311,081.
Pres., Joseph B. McCall: Sec, A. V. R. Coe;' Treas., Wm. P. Conover Jr.,
(V. 82, p. 872, 1209.)
Office, 10th and Sansom Sts., Phila., Pa.
V. 82, p. 1209.
,
—
PITTSBURGH COAL
—
—
CO. ("Rail Coal Consolidation.") ORGANIZATION. Incorporated in N. J. in Sept. 1899. Owns about 150 coal
mines and 160,000 acres of coal lands in or within a radius of 40 miles of
—
Pittsburgh, together with some 5,000 coal cars operating over railroads
In Jan. 1902 leased Shaw Coal Co.
radiating from Pittsburgh.
V. 74, p.
In Nov. 1904 the coal properties of the
376.
See V. 78, p. 765, 1449.
Pittsburgh RR. Terminal & Coal Co.. having a monthly output of about
250,000 tons, were leased for 40 years. V. 80, p. 1238.
In 1903 were purchased $15,000,000 of the $20,000,000 common and
$2,500,000 of the $10,000,000 preferred stock of the Monongahela River
Consolidated Coal & Coke Co. at $15 and $45 (of which $16 29 had been
paid in July 1906) per $50 share, respectively. Payment was made for
the common in non-interest-bearing notes due one-third Nov. 3 yearly for
three years, and for the preferred in semi-annual instalments, beginning
Jan. 20 1904, equal to 6 cents per ton of coal mined from the Monongahela
properties.
In April 1905 made 25-year contract for the supply of coal to the U. S.
Steel Corporation and later one with the Republic Iron & Steel Co. running till April 1911. V. 80, p. 1427.
Application to list, showing prop., stock, rights, etc. V. 80, p. 1919.
BONDS. The $25,000,000 first and collat. 5s of 1904 issued by the
Pittsburgh Coal Co. of Penn. are guaranteed, principal and interest, by
the Pittsburgh Coal Co.
They are a first lien on 160,000 acres of coal lands
and 13 000 acres of surface, and by collateral trust on 7.000 acres of Hocking Valley coal and 8,400 acres of Pittsburgh coal held under leases and
deposit of all securities owned.
The proceeds will be used to fund the
floating debt and for working capital and retirement of $5,400,000 bonds
due in 1904-08. The issue is subject to call at 110, In whole or in part on
any interest day, and has a sinking fund of 5 cents a ton on run-of-mine
coal, with a yearly minimum of $600,000.
Coupon bonds or registered
bonds Issued in exchange for coupon bonds are to be called first, in numerical order, beginning with the lowest number.
See V. 78, p. 1965; V. 80,
To Feb. 1906 $1,216,000 of bonds were acquired by sinking fund
p. 1919.
and canceled. V. 82, p. 389.
—
BONDED DEBT OF SUBSIDIARY AND CONSTITUENT COMPANIES, ETC.
—
Bonds
Interest.
Outstandt?ig. Maturity.
Northwestern Coal Ry. 1st M
5g.,M & N $794,000
May 1 1923
Pitts&Cas Shan Ry(V.81 p.781)
6
F & A
162,320
Aug. 1908
Pitts & Chicago Gas Coal Co
5
85,000 Jan. 1906-14
Imperial Coal Co
6
75,000 May 1907-10
Mansfield Coal & Coke 1st M.,
16
A-O
320,000 Oct. 1906-13
guar p & 1. due $40,000 yrly. ..jlnt. at Colonial Tr. Co.. Pittsburgh. Pa.
Ohio Coal Co
200.000
1922
5
Feb.
Pittsburgh & Moon Run
100,0(11)
6
Jan.
1912
Various purch. money mtges.
1,437.354 Var. to 1906
(funds deposited to retire these at maturity.)
Car trust notes
112.625
to 1909
do do gold $52,000 dues. a. 4^g.,
936,000 to May 1915
DIVIDENDS. On pref., 1900 to Oct. 1903. 7% yearly in cash; on
M&N
—%
1 %
In scrip, (paid off Nov. 25 1904); since to April 1905.
%. quarterly; none later to July 1906. V. 81, p. 269.
EARNINGS. For 3 months ending March 31:
Jan. 25 1904.
inclusive,
1 »4
—
Gross
Depletion Deprechi'
Bond
Balance
Earnings.
Charges.
Interest.
Surplus.
of Lands.
1906
$1,025,492 $179,410 $267,735 $295,645 $282,702
1905
144,r,4(l
644,588
122,273
304.723
72,952
REPORT. Report for year ending Dec. 31 1905, In V. 82, P- 389
showed net profits after deducting expenses and all losses, $3 255.358;
royalty and depreciation, $1,423,346; Interest on bonds, $1,207,087:
dividend (1 1-6%) on pref., $343,273: undivided profits, appropriated
for preferred stock dividends and working capital. $281,654.
DIRECTORS.— Francis L. Robblns (Chairman M. H. Tavlor (Pres.).
W. R. Woodford (Vlce-Pres.), A. W. Mellon, Geo. T. Oliver, H. R. Rea,
John A. Bell, James H. Beal, John I. Bishop. Calvary Morr --, Grant B.
Schlev, D. L. Gillespie, Alexander Dempster, .1. Dennlston Lyon and
Charles Donnelly.
Treas. is F. M. Wallace, Sec, F. J. Le Moyne 232
5th Ave.. Pittsburgh. V. 82, p. 696.
(V. 82, p. 696, 1105, 1443.)
PITTS TERM. WAREH. & TRANSFER
V. 78 p. 2013- V. 30 p. 476.
POCAHONTAS COAL & COKE.— See Norfolk & Western Ry.
POPE MANUFACTURING CO.— ORGANIZATION.— Incorporated In
New Jersey in Feb. 1903 as successor per plan In V. 75, p. 1401, and
V. 76, p. 267, of the American Bicycle Co., which acquired concerns
mentioned In V. 69, p. 177, 493
See application to list V. 72. p. 536,
and V. 73, p. 782, 1358; plan V. 75, p. 1401: plants, V. 78. p. 1966: properties sold In 1905, V. 80, p. 1734, 2348.
STOCK. Common stock, $10,000,000, all outstanding; 1st pref. 6%
cum. (subject to call at 110), $2,500,000; 2d 5 % pref. cum. after Feb 1
1905, $10,000,000; par of shares. $100 each; outstanding, see table.
Stock Is held In a voting trust until Feb. 1 1908.
REPORT for the year ending Julv 31 1905 was in V. 81 p. 1721 showing: Gross sales and earnings. $7,801,14."): total net Income, $1,303,995;
general expenses, Interest, etc., $1,216,775; bal., sur., 987,220.
OFFICERS. Pres., Albert A. Pope; 1st Vlce-Pres. Albert L. Pope;
Treas., George Pope: Sec, Wilbur C. Walker.
Directors, May 1904,
V. 78, p. 1966. Main office, Hartford, Conn.; N. Y. Office, 21 Park Row.
3
months —
—
>
.
1
—
—
—
,
,
—
(V. 81, p.
1721.)
PRESSED STEEL CAR CO.— ORGANIZATION.— Incorporated
In
N. J. on Jan. 13 1899; owns plants at Pittsburgh and McKees Hocks, Pa.
Prospectus In V. 68 p. 188, 131. Capacity of the works about 120 cars
a day of largest size.
Competition. V. 73, p. 1316; V. 74, p. 580. L<
Western Steel Car & Foundry Co., having plants at Hegewlsch, III., and
Annlston, Ala.; capacity over loo cars dally.
V. 74. p. 991. 835. 729:
V. 80. p. 169. Controls Canada Car Co.
(V. 79. p. 2159 2749); Penn.
Car Wheel Co.. Central Car Wheel Co. and Penn. Malleable Co. (V. 81.
p. 1243.)
See V. 82, p. 450.
Early In 1906 was to begin manufacture of
street cars.
V. 81, p. 672.
BONDS. The first mtge. gold bonds are subject to call In whole or part
at par and Interest on any Interest day.
V. 72, p. 343- V. 74. p. 203;
V. 75. p. 1305. There are also $75,000 Allegheny purchase money bonds
of 1902, part due yearly to 1911, Inclusive, Interest at 4 %.
—
INDUSTRIAL STOCKS AND BONDS
172
MISCELLANEO US.
IN TI'JREST OR DIVIDE.YDS.
Dale
For explanation
&c,
column headings,
of
page of
first
of
Par
notes on
see
rrusl Certificates
FP
i
—
Common stock $32 ,000 ,000
t is burgh Coal
lerred stock 7
cumulative S32 ,000,000
Collateral trust mortgage cold cash dep for principal '07-'08_
Pi
M
—
—
%
1902
11103
1904
1
1901
—
—
—
—
—
1901
1906
DIVIDENDS—
1
per cent
Preferred, per cent
J
1904
1904
'01.
'02.
'03.
4
5
To
'04.
4
'00.
6
'99.
3
"906.
None
% per annum (1 H Q.-F.)
REPORT.— Report for year ending Dec. 31 1905, with bal. sheet, was
depreciation,
In V. 82, p. 450. showing profit on operations, $1,106,901;
In 1904, loss
$175,000; div. on pref. (7 %> $875,000; bal.. sur., $56,901.
on operations, $707,111.
DIRECTORS.— F. N. HofTstot (Pres.) J. W. Friend (Vice-Pres.)
Adrian H. Larkln (Sec). James A. Blair, James H. Reed, A. S. MaHieson,
N. Y. office, 24 Broad St.
T. H. Given, James N. Wallace, F. G. Ely.
(V 82. p. 450, 456.)
7
,
.
—
—
GAMBLE
CO. Formed in 1890 under laws of New Jersey
PROCTER &
to carry on soap, candle, oils and glycerine business; reincorporated in
Ohio in 1905, V. 80, p. 655, 1916. In 1903-04 built a new plant in Kansas
In October was
V. 70, p. 1196.
City, Kan., costing about $1,000,000.
preparing to erect a large plant on Staten Island, N. Y., a part of the cost
provided by issue Dec. 1905 of $3,000,000 common stock at par
of new stock) pro rata to holders
(less cash dividend amounting to 50
This raised common
of common stock- balance from treasury cash.
1562.
V. 81, p. 1243.
stock to 59,000,000.
'98 to '00 1901 to May 1906
DIVIDENDS.
\ '91. '92 to '97 incl.
8
12 per cent. 20 yearly *12 yrly (Q.-F.)
On common
J
%
—
•Also extra dividend of 14 2-7% paid Jan. 2 1904 and 25% Dec. 1905.
(V. 81, p. 1562 )
V. 77, p. 2038; V. 81, p. 1562. Office, Cincinnati.
PROVIDENT LOAN SOCIETY OF NEW YORK. — Incorporated in New
Operates 4 loaning offices in New York
in 1894 under Special Act.
York
Brooklyn. Certificates of contribution, $1,000,000. on
which dividends at 6 %* yearly have been paid. In April 1906 $500,000
additional certificates were offered to present holders at par, payable
June 1 and 50% Aug. 1 or optionally in full June 1.
50
Bonds are subject to call at 102 \4 on and after Sept. 1 1906. See appliReport for year endcations to list V. 79, p. 2152; V. 80, p. 1182.
Pres., James Speyer; Vice-Pres.,
ing Dec. 31 1905 In V. 82, p. 690.
Frank Tucker; Treas., Otto T. Bannard; Sec, Mortimer L. Schiff; Asst.
Executive Office, 105 E. 22d St., New York.
Treas., M. G. Hopf.
182; V. 82, p. 690, 872.)
(V. 80, p. 1179,
(THE) PULLMAN CO. On Jan. 1 1900 the Wagner Palace Car Co.
sold its assets to The Pullman Company, representatives of the VanderV. 69, p. 854; V. 70, p. 40.
bilts entering the board of directors.
V. 78, p. 771.
Ri al estate not used in mfg. must be sold by 1909.
and
City
in
1
I
—
'00-04.
'84-98.
'99.
'05.
1906.
CASH DIVS.V77-80. '81-83.
8 Incl. Aug,
Since '77
(8 yrly. 9'A yrly. 8 yrly.
6J4 8 yearly.
In 1898 paid an extra cash dividend of 20 % and stock dividend of 50
V. 67, p. 75, 789, 840, 902.
to distribute surplus assets.
REPORT. Report for 190405 was in V. 81, p. 1314. Bal. sheet
Aug. 31 1906 V. 82, p. 279.
1903-04
1902-03
1904-05
rears ending July 31.
$26,922,022 .'52 4,788,729 523,120,713
cars, mfg. profits, etc
Earn
12,254,160
10,389,460
13,884,983
3
Ope!
2,331,476
2,318,873
2,739,314
.elation on cars, etc
651, ooo
554,095
574,252
eplngcarass'ns
5,919.982
5,919,976
5,919,968
capital StOCk
Divli
—%
%
—
$4,134,572 $3,741,625 $3,497,720
surplus for year
Total surplus July 31 1905, $22,151,940, against, $3,792,188 in 1899.
DIRECTORS.—Robt. T. Lincoln (Pres.), O. S. A. Sprague, Henry
0. Hulbert, Norman P.. Ream, Win. K. Vanderbllt, J. Pierpont Morgan,
W. Vanderbllt, W. Seward Webb, Frank O. Louden, Chauncey
..u York, 15 Broad St.— (V. 82, p. 1215; V. 83, p. 41.)
Net,
Ol INCV MINING.
— V.
CO.
V. 83, p. 100.
Jersey on Feb.
In June '02 purchased
V. 82, p. 690;
80, p. 1477;
RAILWAY STEEL SPRINO
— Incorporated
New
in
%
Payable.
V. 74. p. 382, 482.
a
COD Olidation.
25 '02 a
Co.
V. 66, p. 185; V. 72, p. 444; V. 7 1, p. 1041,
the
of all plants acquired up to 1905,
Total
1200; V. 75, p. 80.
].(.">, 75o tons
quai erly, paid June
1902, to
DIVIDENDS on pref., 1
iommon, 2%, April, 1904; In 1905, April, 2 "„;
1906, April.
INDS. -In Nov. 1905 the Latrobe Steel Co. wa acquired, $ 1,500,000
being lssu
t lien thi
but not a lie
135,000.
V. 81, p. 149G, 1726; V.
lng
turn
'
I
%%
I
Q— J
&
J
J
Q—
Q— F
& A
F
p.
dlv.
,1K
1905
V.
In
.so,
p
id
'
1
i
139,988; to
.
1905,
31
$
..ooo.
V.
W.
,
each.
H. Sllverthorn; Sec, M. B. Parker; Trea
Ma cb 1005, v. .so, p. 1000. Office,
Dlr.
,i,
PI.im 1:1.10
office, 111
IZATION.
1
1
&
J
J
Q — J General Office, Chicago
Q — J First Tr & Sav Bk, Chic
A & O'New York Tr Co. N Y
Broadway.
— (V. 82, p.
is
to
1
In
1
1644,
1
720;
d
1
1809
V*.
—
MANUFACTURING
—
7%
—
—
.
.
.
1
1
—
& LIGHTING. — ORGANIZATION.—
Jersey.
Manufactures "PIntsol
I
HEATING
CAR
SAFETY
Incorporated
1887
in
aratus, which Maj
In
New
1904
1
\\
as in use on 23,500 cars in the United States.
'02. *03. '04. "05.
1906.
12
9
12
17 incl.Jly 8( ex.)
'93-97. '98-00.
1901
DIVS. (%) ..J 6 yrly. 8 yrly. 11A10 stk
REPORT. —Report
yeai
net earnlni
showed combined
tor
1
.
—
PAUL UNION SIOCK YARDS CO.— ORGANIZATION
.
82, p, 338,
170 acres aboul
100
06 .
.
.-
bonds, mo::
.0 17;
"...
1905,
.".1
bal., sur., $82,409.
Pres.,
SECURITIES
and
New
I
fori
10
•
I
aw ford
20th Sts., \. Y.
190
1
ond
and the $1,500
CO.
<
Bonds,
$185,
i
Interesl
156;
Flower;
nle.
on
Vctlng Mjrr.,
Office,
South
St.
See "Streel Railway" Sec
Incorporated
In
1
of
th
tocl
res,
tore
1
The $400,000
.
D.
ORGANIZATION
>. n
pref.
in
\i.
ii.
11.
tnd Treas., A.
\.
Carroll
613.)
Paul, Minn
[\
75, p
s\>, FRANCISCO <ivs A
LECTRIC CO.
7%
outh of
of ad icem tow n
sec table abi
t
I
'
Oct.
to
Owns
Minnesota In 1886,
ock irards pui
ed foi
"
Itocb
000 00 1; v
in
Paul
first
on
$100 each) of the
\\ e,
61 h
.
191
Henrj Slegel
prel
id
ch
.'il
1006.
V.
mn,,.
.
ibjei
80,
716,
1
,
105, In V. 80, p, 2218.
cos. were $1,393,842;
1
Bl »,123; dividends on Plntscn Co.
on Safetj Co, stock (1
Uoi.cn Andrews.
etc.,
$265,200; bal., sur.. $513,519.
Pres
Directors Include: Robert Andrews, R. M, Dixon, \\m. Barbour, A. 0.
id, J. E.
P. B. \\
cko
E. M.
Main
and E. U B Gardiner.
lej
60 Broadway, N. Y.
(V. 79, p. 150; V. 80, p. 2218; V. 81, p. II
and on O
,.
1934
1
6%
%
8,000 is resei ved to retire the debentures,
at 102 \4 by e
Fund a nountlng
,
to call
.
iO.OOO
,
3% %
'06 '07
—
1
:
paid.
2 '06
1
Rubber Mfg. Co., Hartford Rubber Works Co., Indiana Rubber Co.,
Indianapolis Rubber Co., American Dunlop Tire Co., New Brunswick
Tire Co. and the Sawyer (cotton) Belting Co.; and a large majority of
stock of Mechanical Fabric Co., Morgan & Wright (V. 81, p. 901) and the
Single Tube Auto & Bicycle Tire Co.
These companies manufacture all classes of rubber goods, except boots
and shoes, principally bicycle and solid and pneumatic vehicle tires, lire
hose, garden hose, air-brake hose, steam hose, belting, packing, hard
rubber goods, druggists' sundries, rubber thread, etc.
Official data in V. 68, p. 872;
V. 68, p. 774; V. 71, p. 545; V. 80, p.
1858, 1975.
In July 1906 the U. S. Rubber Co. had acquired from a syndicate about
SS, 497, 500 of $10,051,400 pref. and $16,477,900 of the $16,941 .700 common
stock, having agreed to take over any of the remaining stock whichmay
be turned over by it prior to Nov. I 1900.
For the pref. an equal amount
of U. S. Co. 1st pref. was paid and for the common sin. 000. 000 of U. S. Co.
2d pref., $50 of 2d pref. to be deducted for each $100 of Rubber Goods
common stock not acquired. V. 80, p. 1975, 2225; V. 81, p. 159; V. 82,
p. 1105.
DIVIDENDS.— On pref., June 1899, to June 1906,
per annum
On common, 1900, 2%; 1901, 3%.
(1 %, % Q.-M.)
BONDS. The bonded debt ol companies controlled consists of:
$531,450 Mechanical Rubber Co, 1st sinking fund gold (is, due Jan. 1
1918; $618,800 x. v. Belting & Packing 1st mtge. sink, fund deb. 6s, due
Jan. 1 1918, subject to call at 110.
The General Rubber Co. bonds ($9,000,000 authorized) are guaranteed,
principal and Interest, by the Rubber Goods Mfg. and U. S. Rubber companies.
V. 81, p. 36, 901,
REPORT. Report for year ending March 31 1900, V. 82, p. 866, showed:
Net, $837,575; pref. dlv'ds (7%) $679,098; sur. $158,477.
OFFICERS.—Pres., Charles 11. Dale; Vice-Pres., Talbot J. Taylor,
1.1
s
Hopkinson and Chas. A. Hunter;
ec
and Treas., Harry K.
Gen. office, 15 Exchange Place, Jersej City, N. J.
\. Y. office. 42
Directors, iprll 1906, V. 82, p. 933.
Broadway.
(V. 81, p. 1439. 1796;
105.)
V. 82, p. 866, 933,
siMi'so.N
1
.!
—
—
•
D NOTES.
M,000
1
480
d
p
.
Oct
Oct
CO. ORGANIZATION.
Incorporated in New Jersey on Jan. 26 1899, and acquired all of the stock
of the Mechanical Rubber Co., which owns the entire stock of
New York Belting & Packing Co., Stoughton Rubber Co., Fabric Fire
Hose Co., Chicago Rubber Works and Cleveland Rubber Co., the Peerless
ad $4,583,100
vlilch $2
t.
July
1045, 1215, 1501; V. 83, p. 153.)
2%
POWDER
GOODS
RUBBER
.
1
1921
1
—
—
ted
1
in
1
Jan
9
—
.
a Oct. 1905,
Y
Harvey Fisk & Sons.N
Manufactures horse shoes and toe calks at Valley Falls,
miles from Providence.
V. 61, p. 1014.
DIVS.— ...1 '92. '93-95.
'96. '97. '98. 1899 to 1901. Since to July 06
Com. per cent \ 12 Yi 10 yearly. A)4
Pref. per cent j
7 per cent. yrly.
&H 5 4 per ann. a5 yrly.(Q-J)
a Also April 1906,
extra.
Office, Providence, R. I.
(V. 75, p.
1403; V. 82, p. 809.)
ROYAL BAKING
CO.— ORGANIZATION.— A consolidation incorporated in Feb. 1899 under the laws of N. J.
See V. 71, p. 545.
Common stock, $10,000,000, all out; par, $100; pref., see table above.
DIVIDENDS. On pref., to June 1906, inclusive,
per an.—
In 1904 8
1 Yi quar.
was paid on the common stock.
Pres., F. J. Boselly; Treas., John Morris; Sec, W. L. Garey.
Office,
Royal Bldg., William and Fulton Sts., New York. (V. 72, y. 679.)
si.
68, p. 674; V. 70. p. 228;
154; V. 77. p. 155; V, 79, p. 1180, 1702; V. 81, p. 1562
oi
on & RR. Co
obi alned
905 control
V. 81
V. 82, p. 1045.
p. 185 1. L796;
%
1907 to 1911
1
ited
ommo
Y
1
1^ %
I., 6
R.
1
1,
1909
RHODE ISLAND-PERKINS HORSE SHOE COMPANY.— ORGAN-
irop
1
30 '04
May23'06
—
c; coke plant of the Co
V. 71, p.
1906
1954
.
sos, 513.)
IRON & STEEL Co.
iron
1
Q— F 15 Co. Office, Cincinnati, May 15 '06 3 %
y— j
do
do
July 14 '06 2 %
M & S 105 East 22nd St, N Y Sept 1921
Q— F Farm Loan & Tr Co, N Y Aug 15 '06 2%
A & O Metrop Trust Co, N Y
Apr 2 '06 2 %
Q— M
,lne 20 '06
do
do
X%
.
71
3
mos. ending March 31 1906 net earnings were
$2,623,379; int. on bonds, $370,972; ilivs. on pref. s'tock (&H%), $1,760,958; bal., sur., $491,449.
V. 82, p. 1501.
REPORT. Results for year ending June 30 1905 were in V. 81, p. 1491
Net profits, $2,508,068; improvements, renewals, etc., $1,134,461; bal.;
sur., $1,373,608.
Balance sheet March 31 1906, V. 83, p. 153.
DIRECTORS.— John A. Toppimr (Chairman and Pres.), G. Watson
French, Harry Rubens, John F. Taylor, Alexis W. Thompson, William
H. Hassinger, Ceo. A. Baird, Leonard C. Hanna, Archibald W. Houston,
Earl W. Oglebay, Edward J. Berwind, Samuel G. Cooper John W. Gates,
Grant B. Schley and Geo. R. Sheldon.
H. L. Row ml is Secretary and
Treasurer.
Main office, Frick Building annex, Pittsburgh; New York
.
owed: Net, $1,949,994;
Dec. 31 190
0,871;
Nov
Jan
.
EARNINGS. — For
51.
c
do
do
Morton Trust Co, N
Apr 25'05 1%%
Feb 1907-'08
Aug
Farmers' Bank Buildlng, Pittsburgh, Pa.
1
J
2H%
Jnel5'06
Phila Oct 1949
Phila After Apr 1946
Phila Apr 1 1948
Checks mailed
Union Tr Co, Pittsburgh
on deposit for principal.)
Union Tr Co, Pittsburgh
—F
Cash
<
REPORT
Dividend.
& D Checks mailed
& J Land Title & Trust,
A & O Fidelity Trust Co,
A & O Land Title & Trust,
Q
by
Whom.
Of the $10,000,000 authorized issue, $591,000 had been redeemed and canceled In June J906 and §784.000 were in the treasury.
See V7 80, p. 1734.
i
1
and
Where Payable,
J
J
1
I
Common,
Outstanding
100 &c
%
UPi
Notes for Monongahela River common stock
UPi c'&r
P C ol J 'a 1st & coll tr
g gu red 110 s
Pope .Manufacturing Pref stock ($9,183,000 2d pref) (text)-Pressed Steel Car Co Stock common $1.', 500 ,000
Prel stock (as to assets) 7 % non-cum $12,500,000
McKee's Rocks purchase money mortgage
Mo c*
1st M '.cold notes red due $500,000 yearly Feb
Procter & liamble Common stock $9,000,000
*93 "Supp")
Pref stock (8
cum) (See terms In ed. May
Bonds (not M) red 102J4 (text)
Provident Loan Society
-Pullman Company Stock S74, 000 ,000
Railvtav Steel Spring Co Common $13,500,000
Preferred (as to assets) 7 % cumulative 513,500,000
S c*
1st M on Latrobe plant $4,500,000 g red 105 s f
Republic Iron & Steel Common stock $30,000,000
Pre! 7 " (also assets) cum V 69, p 850) $25,000,000-.
Collateral notes $7,000,000 gold secured by bonds of 1904 c*
c*
1st and coll tr M $10,000,000 gold red 105 s f (text)
Rate
Whin
$25 $24,987 ,750 5 In 1905
15,014 ,142
4 g
1,994 ,300
5 g
11,268 ,060
1 ,000
5 g
100 29,045 .4110
too 30,217 ,700 See text.
25,000
150 ,000
5 g
1.50O ,(Mio
None.
1.000 &c 23,784 .000|
5 g
100 11,612 ,676
100 12,500 .000 See text.
100 12,500 ,000
7
235 ,000
4
1,000
2,500 ,000
5 g
100
9,000 ,000 See text.
100
2,250 ,ooo 8 in 1905
500 &c
2,000 ,000
4 ': g
100 74,000 ,000 8 in 1905
100 13,500 ,000 4 in 1905
100 13,500 ,000,7 in 1905
1,000
4,500 ,000
5 g
100 27,191 ,000
100 20,416 ,900 See text.
t.OOO &c
971 ooo
5 g
1,000
8,625 ,000
5 g
1899
1896
1898
gold $17,500,000 (see text)
Us gold (Ed. stock as colli
rrust
Ed
Old Phila ElecTrCfts (Perm II L A: I' stock as coll)
When Due.
pal.
Amount
Bonds
tablis.
— PrinciStocks — Last
Bonds
Si:e. or
Philadelphia Electric— Stock S10 per share paid in (see text) -i
Vol. lxxxiii.
|
..
Tl
id
.
.0,1100
1
while
Mian
\
1
p.
1
. 1
i
1
790.
iwn abo
Of the boi
1906 In the Kinking fund drawing;
ifter.
.-'.
.
1
1
1
1
per
V
.
5,000 n ere in
Inti
eai
lei
earnings were In excess of $200,000.
Calendai
Office, 311 Sixth \w\. \.u York.
790
V.
79.
INDUSTRIAL STOCKS AND BONDS.
July. 190C!
Date
column headings, &c,
of
first
page
of
Par
Amount
Bonds
Value.
Outstanding
notes on
see
of tables.
— Common stock
$100
% cumulative $1,750.000
—
—
!
1
100
1,000
—
—
—
(SEWING
SINGER
MACHINE)
CO.— ORGANIZATION.
MFG.
1873 in New Jersey under special Act. Plants are located
In
at Elizabeth, N. J.; Kilbowie. near Glasgow: St. John. Que., etc.
V. 81, p. 1440.
1905 arranged alliance with Wheeler dc Wilson Mfg. Co.
Stock. $30,000,000, having been increased in Dec. 1900 by 200% stock
dividend, capitalizing surplus.
V. 71. p. 1224. 1273.
Dividends on stock
as increased 1901 to June 1902, inclusive. 7"'„ yearly (paid Q.-.M.); Sept.
1902 to Dec. 1903. both inclusive, 3% quarterly; Mch. 1904, 4%; June 4%;
Sept., 19%: Dec. 4%; 1905. March, 4%: June, 4"„; Sept., 3%; Dec. 2%;
Office, 149 Broadway. N". Y. Pres. Dougin 190*;. Mch.. 2%; June, (?) %
(V. 81, p. 977 1440.)
las Alexander; Vice-Pres., Edwin H. Bennett.
Incorporated
SLOSS-SHEFFIELD
Incorporated in New
—
STEEL
&
CO.— ORGANIZATION.—
IRON
See prospectus, V. 69, p. 286: V. 70,
Jersey
Stock. $3,300,000
p. 1099; V. 71, p. 185, 545; V. 72. p. 779; V.76, p. 659.
pref. is reserved for future requirements.
See listing, V. 70, p. 1200.
showing properties, rights of preferred shares, etc.; also V. 72, p. 774:
V. 78, p. 1177; V. 81, p. 1324.
In Dec. 1905 the syndicate controlling the Tenn. Coal, Iron & RR.,
V. 81 n. 1796.
It was rumored, acouired an interest.
DIVIDENDS on preferred, April 1900 to July 1906, 7% yearly (Q. .!.>
Div. on common in 1905, 5% in cash (A. & O.), and in Oct., 33 1-3% in
common stock ($2,500,000); in 1906, April, 2)4%. V. 81. p. 901.
EARNINGS for 6 months ending May 31 1906 (partly estimated),
net, $800,130. against $783,609; charges, .$150 7,sc>; div. on pref. S228.000;
bal., sur., $415,344.
Report for year ending Nov. 30 1905, given at length
in V. 82. p. 625. 700, showed net above depreciation, etc., $1,415,079;
bond Interest, $210,000; div. on pref. a"',), $469,000; div. on common,
(5%), S375.O00; sur.. $361,079. Total sur. Feb. 28 1906 ,$2, 930 ,595.
Pres.. J. C. Mahen; Sec. and Treas., E. L. Morris, Birmingham. Ala.
(V. 81. p. 1178, 1318, 1324; V. 82, p. 625. 632. 689, 696, 700, 1382.)
SOMERSET COAL CO. ORGANIZATION. Incorporated in Pennsylvania about Jan. 1902. V. 81. p 1497. Coal mined in '05, 1 .352,539 tons. Of
the stock, $2,001,100 is owned by Consolidation Coal Co., which see; par of
shares, $100.
V. 78, p. 1272.
First dividend, 2 %, paid Feb. 1 1904; none
since.
Bonds, see above. V. 78, p. 1271'.
Report for year ending Dec. 31 1905 in V. 82. p. 1154. showed: Gross
lings, $1,606,271: net, $2 17,175: other Income, $21,445; charges, $240,289: bal., sur., $28,331.
Pres.. C. W. Watson.
Office, Baltimore, Md.
(V. 82, p. 809, 1154.)
SOUTH YUBA
CO.— See "Street Railway" section.
.
—
—
—
WATER
SOUTHERN & ATLANTIC TELEGRAPH.— Leased
to Western Union
for 999 years from Oct. 1 1876 (which owns $390,475 of the $949,050 stock)
and stock guaranteed by rental 5";, payable A. & O. by Treasurer West. Un.
,
,
SOUTHERN NEW ENG. TELEPH. — (V. 82 p. 937, 1378.)
SPRING VALLEY WATER CO.. SAN FRANCISCO. — ORGANIZA-
— Successor Sept. 24 827. per plan V. 76, 574. 977, to Spring Val1903,
p. 216,
ley Water- Works. V. 78,
Suit, V.
TION.
p.
82. p.
Of the gen. gold 4s ($28,000,000 authorized issue; Union Trust Co. of San
Francisco, trustee), $3,000,000 have been issued for improvements and to
take up $359,000 old water-works bonds. In Dec. 1905 $13,975,000 were
sold to refund the S13, 616.000 prior bonds Sept. 1 1906 and $525,000 for
The remaining $10,500,000 are applicable for acquisitions
lmpro\ ements.
ana improvements equal in cost to at least 85
ol value of bonds. V. 78,
p. 992; V. 81, p. 1720; V. 82, p. 164.
DIVIDENDS. Reorganized company paid 21 cents per share Oct. 1903;
Jan., Apr.. July loot and Jan., Apr. and July 1905, 63 cents each; in Oct.
19U4 and 1905, none; 1906, .Ian. and Apr., 63 cents each; none July 1900.
REPORT. In 1905 total income. $2,299,765; net, $1,730,102; int..
$757,000; taxes, $370 ,658; dividends. $532,330; bal., sur., $70,116.
(Com.
pare V 79, p. 987.)
OFFICERS.— Pres.. Clias. W. Howard; Sec, Pelham W. Ames; Treas.,
Bank of Cal. Office, 126 Stockton St., San Francisco, Cal. (V. 82, p. 574.)
%
—
—
—
—
—
STANDARD CORDAGE CO. ORGANIZATION. Incorporated in N.
Y. Apr. 11 1906 as successor of the Standard Rope & Twine '>., foreclosed
per plan V. 81, p. 1720, which ov ucd 3 mills In operation, viz.: Sewall &
Day Mill at Boston (Alston), Mass.. and the Waterbury and Morgan Ave.
mills at Brooklyn, N. Y., besides two idle and partly dlsmanl
stock
($50,000) of Cannabis Mfg. Co., owning 3 mills
the Chelsea ami Boston
mills in Boston. Win. Wall & Sons of Brooklyn; see V. 73. p. 014; V. 81, p.
172'.: reports of committees in v. 72. p. o,s7, 1140.
BONDS. The adjust men! (income) mtge. bonds have the right to elect
a majority of directors until interest has been paid for two consecutive
years and thereafter one vote for each $100.
EARNINGS.— Report for 1903-04 in V. 79, p. 1265.
OFFICERS Chairman of Board. James I!. Clews: Pi
larles Wilson; Vice-Pres., E. C. Butler: Sec. and Treas., James G
DirecHurt;
tors April 1906, V. 82. i>. 872.
82 Beaver St., N. Y.
(V. 82, p.
Office,
l
—
I
—
.
V
1273;
—
—
83.
p.
12.1
STANDARD MILLING CO.— ORG AN IZATIO N. — Incorporated
New
in
ey on Oct. 31 loiio as successor of the r. s. Flour Milling Co
ler plan
In V. 70, p. 284, V.
p. 185, and owns directly or through subsidiary companies mills in Minneapolis. Duinth, West Superior, Mllwa
.Halo.
Syracuse and New York; total daily capacity, 47,000 barrels oi flour. See
V. 75, p. 1252; V. 68, p. 873. 929; V. 69, p. 29, 1010; V. 7
Propp. 817.
erties taken o\ er May
1002.
1
STOCK
BONDS. Stock, all outstanding, common. $4,600,000;
pref..
non-cum., $6,900,000. of toe new 1st 5s, $2,123,000 Is re erved to
lar the si
18.000 Meeker Jones Jewell 1st 6s and $1)75."
western Consolldai
(see V. 70, p. 283).
The new mtgi
limited to S5.75ii.ouu but may bi
by $500,000 for working capital.
the bonds to In- sold at not le>s lian 95.
DIVIDENDS. Du pref.. 1903, 1%: 1904 to April 1906, 2",', v.
REPORT. Report for year ending Sent. 30 1905, with ba
et, In
V. 81 11. 131 1. showed: Income for year, $391,746: Int. on bonds. $180
div. on pref. stock (2%), $137,757; bal.. sur., for year, $73,780; total surplus Sept. .",0 1905, $1,390,961.
OFFICERS.- -Pres., Braytorj Ives; 1st V.-P., Wm. L. Bull; 2d V.-P.. J.
C. KUnck: Sec. and Treas., J. A. Knox.
Office, 49 Wall St.. N. Y.— (Y. 79.
p. 1954; V. 81 p. 512, 12 11, 1314; V. 82. p. 16 1.
<
1
.
1
.
1
5%
AND
.
1
I
t
—
1
.
,
and by
Stocks
Divi<
Whom.
A & O .W, Lon
6
.
STOCK.
J'ne 15'06
July 2 '06
Oct
|
1
1%
%
4%
24
1936
1916
1
and South St P Oct
1
N Y Jan 15 1929
N Y
Mar 31 '06 2%
Q—M
A & O Guaranty Trust Co. N Y Apr 2 '06 2H %
do
do
July 2 '06 1 % %
Q— J
Feb 1 1920
F & A Central Trust Co, N Y
do
do
Apr 1 1918
A & O
Feb 1 '04 2 %
See text. Checks mailed.
Feb 1 1932
F & A
Apr '06 63c
Q—J & D N Y, San F & Fran-on-M Dec 1 1923
J
Apr 1 1931
A & O New York
New York
Apr 1 1931
Colonial Trust Co,
&
J
J Office, 311 6th Ave,
;
— Common, $100,000,000;
— 31 33 30 33 48
DIVID'S.
\%%
1H%
&
g
Last
July 14'06
J'ne30'06
July 15 '01
—
— MM
——
A & O London, England
78,000
6g
30 000,000 See text.
10,000.0011 See text.
0.700,000 7 in 1905
2,000,000
6g
2,000,000
4 V-> g
4,000,000 Sec text.
1'.,
so:, .000
5 g
28.000.000 See text
4 g
See text.
2,800,000
5 g
2,806,000
2,500,000 Up to5 %
In
.
Where Payable,
Payable.]
5
5
1,422,1
1 ,000 ,000
100
1,000
100
1,000
—
%
3,500,000
100
100
100
—
Hate
211 ,9Jfo
,849,000
|
—
When
$1,000,000
1,750,000 See text. See text.
Q
Checks mailed
6
10,000,000
J 15 Checks mailed
16,941 ,7110 See text. Q
15
do
10,351,400 7 in 1905 Q
Q J By Chech
4,921 ,000 17 in '05
100
100
100
100
100
Roval Baking Powder Pref stock $10,000,000 % cumula'e
Rubber Goods Manufacturing Common Stock $25 ,000, OOOTa
Taj
Preferred stock 7% cum $25,000,000 (bonds, text)
Stock ($5,000,000)
Safety Car Heating & Lighting
Sterling priority loan
St Paul Union Stock Yards
First mortgage
Simpson Securities Stock ($1 .000,000 8 % cum pref)
Col c"
1904
Real estate & coll M $1,500,000 g red 102 >3
Simpson-Crawford Co mortgage
Debentures gold
1902
Singer (Sewing Machine) Manufacturing Stock $30,000,000.
Sloss-Sheffield Steel & Iron
Common stock $10,000,000
Preferred (as to assets) 7 % non-cum $10,000,000
Ce 1887
Sloss Iron & Steel Co first mortgage gold
General mortgage gold subject to call at par
Ce 1888
Somerset Coal Stock. $4,000,000.
First mortgage $4,000,000 gold red 110 s f
1902
Spring Valley Water Stock $28,000,000
General mortgage $28,000,000 gold (other bonds see text)
Standard Cordage Stock
Eq 1906
First mortgage gold red 105
-.Col 1906
Adjustment (income) mortgage see text
—
—
Princi-
pal.
Size, or
Rhode Island Perkins Horse Shoe
Preferred 7
— Bonds—— Due.
When
INTEREST OR DIVIDENDS.
MISCELLANEO US.
For explanation
173
810,000,000 preferred canceled.
'96. '97. '98. '99. '00. '01. '02. '03. '04. '05.
1906.
4o incl. June,
48
45
44
36
Per cent
1905, Mch., 15%; June, 9%; Sept., 6%; Dec, 10%; 1906, Mch., 15
June.
2
1
'.)"„.
OFFICERS.— Pres., J. D. Rockefeller: Treas., W. H. Tilford; Sec, C. M.
Pratt.
Office, 26 Broadway, New York.
DIRECTORS. — J. D. Rockefeller, William Rockefeller, H. M. Flagler. J.
D. Arehbold, H. H. Rogers, W. H. Tilford, C. M. Pratt, O. H. Payne. E. T.
Bedford, C. W. Harkness, J. A. Moffett, F. Q. Barstow and Walter Jen-(V. 81. p. 977. lop); V. 82. p. 801). 1105, 1160; V. 83, p. 100.)
STANDARD ROPE & TWINE CO. See Standard Cordage Co.
STANISLAUS WATER POWER CO. ORGANIZATION.— Incorporated in Maine on Dec. 23 1905, as a holding company for the Stanislaus
Electric Power Co. (operating Co.) whose stock it owns. It is planned to
develop over 25,000 electrical horse-power, and in addition water equivalent to 16,000 electrical horse-power will be diverted at the power-house site
so as to be available during a large part of each year for hydraulic mining on
the compa ty's property or for sale to independent mines. (V. 81, p. 1854.
SECURITIES.—Common stock authorized, $10,000,000; pref., 6 %, $3,The pref. stock will be redeemable on and after Jan. 1
000,000; par, $100.
1913 at $130 per share, dividends thereon to be cumulative from Jan. 1 1910.
Bonds will be a direct lien on the property of the Stanislaus Electric Power
Co. and be redeemable at 110 on and after Jan. 1 1913.
A syndicate managed by Tucker, Anthony & Co. of Boston and others has underwritten $6 Not over $8,250,000 common
000,000 bonds and $3,000,000 pref. stock.
will be issued at present.
Pres.. C. M. Drummond; Sec. and Treas.,
Henry Endicott Jr. (V. 82. p. 570.)
OFFICERS. Pres., C. M. Drummond; Sec. and Treas., Henry Endi-
—
—
,
cott
—
Jr.— (V.
82, p. 570.)
SUNDAY CREEK CO — ORGANIZATION. — Incorporated
sey .June 3o
in New Jeracquiring Sunday Creek Coal Co. (acreage owned in Ohio,
250), also leasing properties allied to the Hocking Va
11)05.
:.
Ry., viz.: Kanawha & Hocking Coal & Coke Co. and Continental Coal Co.
(owning together 59,500 acres in W. Va. and Ohio) for 39 years, assuming
charges for their lirst mortgage bonds, and the Bui
oal &
Ry. and Ohio Land & Ry. (24,350 acres) for 25 years at rental of $100,000
Total acreage leased, 84,100; owned.
yearly and royalty on coal mined.
16,300.
Application to list showing properties owned and leased, earnings
and balance sheets of the various companies, was in V. 83. p. 160-2. Stock
authorized, $4,000,000; outstanding, $3,750,000; par, $1
BONDS. The collateral trust 5s of 1905 are secured by deposit of certificates of beneficial interest representing the entire $3,250,000 Cont. Coal
.. $12,000
stock and $3,230,000 of the $3,250,000 Kan. & II. C. &
a
of the bonds being reserved to retire the remaining $20,000 stock,
sinking fund of $35,000 and interest on all bonds previously retired w
20-year
eel
used to draw bonds by 1o1 at par July 1 yearly. Sunday
a.000
1st s. f. gold 6s (assumed), due 1912. Kan. & Hock. C. & C. 5
outstanding and (out. Coal ($2. 390. 0001 see Hocking
9 mos. ending Mch. 31 1906, gross, $4,664,790;
EARNINGS.— For
$834,110; oth. income, $14,845; int., S.f., &C $692,498; bal., sur., $156, 457.
and
OFFICERS—Pres., John II. Winder; Vice-Pres., ii. 11. Heil
Treas., C. A. Suydam
Office, 44 East Broad St., Columbus, Ohio.
all interest
—
I
1
1
<l
1
V
(V. 82, p.
105; V. 83. p. 100.
1
162.)
SWIFT & CO.— ORGANIZATION.— Incorporated
in
April
Illinois
1
Has packing plants at Union Stock Yards, Chicago: at South Omaha
Kansas City. East St. Louis, South St. Joseph, South St. Paul and Ft.
WOrth. and in Dec. 1905 secured option on plant in Portland, Ore. V. 81,
Report of Bureau of Corporations. V. 80, p. 1001 1062.
STOCK. -Stockholders in 1906 purchased $15,000,000 new stock- at par.
raising amount outstanding to $50,000,000.
V. 82, p. 52.
Dividends
since 1888: 1889 to 1894, incl., 8".,; 1895 to July L898, incl.. 6%; Oct. 1898
,,.
Bonds, see table above.
to Julj 1906,
!! EPORT.
Report for year ending Dec. 31 1905, with balance sheet, was
in V. 82. p. 98. 279.
In 1902-05 sales were about $200,000,000 yearly
against $170,000,000 In 1900.
Chairman. E. C. Swift; Pres., Louis F. Swift:
V. P., Edward P. Swift; Treas-.. I,, a. Carton; Sec. D. E. Hartwell;
Treas., I. A. Want. Directors, Jan. 1906,
Office,
78. p. 233; V. 82, p. 52.
(V.81,p. 1854; V. 82, p. 51, 98, 279, 751, 1216.)
Chicago.
SYRACUSE LIGHTING CO. V. 77, p. 248,302, 399, 1299.
TEMPLE IRON CO. ORGANIZATION. —Incorporated in 1873 in Penn
ilia, and in Mch. is:):) purchased anthracite coal properties of Simpson
round Scranton, Pa. V. 69. p. 281. Com
in the inti
Cent. RR. of N. J., Reading Co.. Lehigh Va
.. Y. Susq. & West, which guarantee both stock and bonds.
See
1885.
1
.
—
1
W
—
—
—
1
.
V. 71, p. 112
1.
STOCK AN
W
L70:
7.S.
p. 2(115.
BONDS. — Stock
1
is subject to call at par and interest on (or
1904 on 6 months notice, but absolutely payable by the RR.
1906.
Held in voting trust by Guaranty Trust Co. Bonds
are secured by stocks of properties owned and ari
to call by sinking
fund of 15 cents per ton on coal mined at 1 10 and Interest; they are guaranteed, lint severally in different proportions, by the railways ab
imed.
Bonds for S ,0011.000 are reserved lor additions. V. 71. p. 1124 1170:
75 11. 926.
OFFICERS.—Pres.. Geo. F. B
ihia, Pa.; V.-P., and Treas..
A. F. Law, Scranton Pa.; Sec, Geo. L. H
(V. 78,
'
Jan.
I)
1
co's Dec. 31
;
1
W
1
]
TENNESSEE COAL IRON & RAILROAD COMPANY.
TION.
— Owns
Ac,
dries.
July 19
in
I
ORGAN]
steel rail mill, blast furnaces, coal mines, iron mines, founand Alabama. V. 70, p. 588; \ 75, p. 621. In
,
re-p
Blrmingha
Southern RR., 26 miles, v. 83, p. 42.
\ov. :',u 1899 the Alabama Steel sv Shipbuilding Co. plant was orat Ensley City.
The plant has ten open-hearth furnaces of 50 ton
•(! to the
lacity of 1 ,000 tons of steel billets and
onds
iron & RR. Co., which guars
Tenn. Coal,
$1,100,0
and $1411 000
v pre]
v. 70. p. 591.
The common stock, all
' Powned by the Tenn. ''. I. & RR. Co., carries control of
1
1
1
r,
'
07. p. 127. Mil: V. 70, p. 1196; v. 72. p.
'\
In Dee. 1905 iiipublic lion & Steel Inti
quired control.
p. 1677, 1796; v. 82, p. 164, 1"
\ [DEN us.
On common in iss7.
1905 to Aug. 1906, both Incl., 1% una':
STOCK. Stockholders voted Jan. 31 1906 to Increase the com.
from $23,000,000 to I0,(
the new stock, $3,4
par, pa\ able in rour equal
ice on July 16, Oct. 16 and Jan. 16 1907.
\
' stock.
stock may be
tor com. at rati ofilOO
JOld
1901 $3,
Of the $15,
100
'""'
to complete the Bt«
tons of rails and 200,000 tons of steel and ol her forms: $
Interest (of which $619,000 had
s erved for existing bonds bearing 6 and 7
1235;
\
.
•
1
;
STANDARD
OIL.—^ORGANIZATION. -This New
in June 1899
See "Sup
Controls about 23,0(
3
-potation
to the Standard oil properties, held by llquli
t" for April 1899 and V. 68, p. 1227; V. 69, p. 28.
,000 bal relfl of refined oil produced
yearly in tinand about the same proportion of other finished pro
duels of petroleum.
Also controls wells in Perm., Ohio and W. Va
and
has pipe lines to tidewater,
v. 66, p. 1239; V. 69, i>. 745; v. 71, p. 1273;
V. 76. i). 387. 870; V. 77. p. 1536; V. 82. p. sou: \ 82, p. 110
Repo
nmissloner of Corporations, v. 82, p. 1105. 1160.
succeeded
trustees.
1
.
.
i
I
-
'
1
BONDS.—
I
.
1
,
%
INDUSTRIAL STOCKS AND BONDS.
174
INTEREST OR DIVIDENDS.
MISCELLAXEO US.
Date
For explanation
first
Standard Milling
— Stock
page of
notes
see
of
on
tables.
(preferred
5%
Standard
Oil
— Stock
$100
166
100
100
—
1906
1905
M
& RR Co
1,000
$100.000.000
——
—
I
Amount
Outstanding
1900
Stanislaus Water Power Common stock $10.000,000
Preferred stock 6 % $3,000,000 (see text)
First mortgage $10,000,000 gold red 110 beglnnlngl913.
gold s f (other bonds text)
Sunday Creek Coll tr
Ce.c*
Swift & Co Stock $50,000,000
First mortgage $5,000,000 gold, call after July 1910
AC
Temple Iron Stock $5,000,000 guaranteed (see text)
Mortgage & coll tr bonds $15,000,000 g gu s f (see text) .G.c*
Tenn C
Par
Value.
non-cumulative)..
mortgage gold S6. 250.000
Mpc*
Mtge. bonds of controlled cos (Co owns $1,052,000 of these)
First
500 &c
100
1,000
100
100
1,000
1,000
500 ftc
1,000
1899
Preferred stock 8
cumulative (see text)
Ce.c* 1887
Birmingham, Ala, Dlv, con
g s f 1 %, not d'rn
Ce.c*! 1887
Tennessee Dlv bonds g s f 1 y
yearly not drawn
2
$30.00"0 yearly not drawn
F.c*i 1890
De Bard
g ass s f
Tenn Coal & Iron RRgen mortgage gold $15,000,000. Un.c* 1901
Alabama Steel & Shipbuilding pref 6
cum guaranteed. _
Ma 1898
1st
g gu s f reg red 110 beginning Jan 1907
Cahaba 1st
$1,100,000 g gu s f red at 110
Ce.c* 1892
Union Bag & Paper Common stock $16,000,000
Pref stock (as to as. & div) 7 %"cum
First mortgage $5,000,000 gold, red 105 s f
Ta.c* 1905
Union El L & P. St Louis 1st M g(other bonds text).MSt.c* 1902
M
M
%
%
M
M
,000
1
1,000
100
1900
— Stock common $30,000,000
%
1,000
1,000
100
100
1,000
1,000
—
—
been issued in Jan. 1906) and the balance for improvements. To Jan. 1906
$145,000 had been retired by the sinking fund. V. 72, p. 876, 940, 989;
V. 73, p. 86,554, 1117; V. 77, p. 93, 2162; V. 80, p. 169.
REPORT. Report for 1905 in V. 82, p. 1208. In 1905 output was:
Coal 2,231,659 tons; coke, 890,634 tons; iron ore, 1,436,282 tons; limestone
and dolomite. 212,290 tons; foundry and basic pig iron, 529,036 tons;
open-hearth steel ingots, 246,558 tons; total finished product steel works,
198,814 tons; Bessemer rolling mill product, 25,166 tons.
,
—
—
Yr. end. Dec. 31
Total net profits
Int. on bonds, &C
Depreciation, &c
Div. on common, 4
Div. on preferred
1904.
1903.
1902.
$1,562,797
761,583
304,905
$2,904,976
739,527
411,422
$2,602,778
750,283
419,537
19,006
19,864
23,174
1905.
$2,092,463
772,580
291,599
%. 902,116
19,786
sr. $477, 253 sr. $1,734, 163 sr.$l 409,785
A. Topping (Chairman), Anthony N. Brady, L. T.
Beecher, Geo. A. Kessler, J. W. Gates, C. S. Guthrie (dec'd) L. C. Hanna,
E. W. Oglebay, Grant B. Schley, S. G. Cooper. E. J. Berwind and Oakley
Thorne.
Pies., John A. Topping; Sec. and Treas., L. Hoover, 111 Broadway, New York. (V. 82, p. 507, 809, 1046, 1208; V. 83, p. 42, 162.)
TEXAS & PACIFIC COAL. Owns 56,700 acres of coal lands in Texas.
Business consists of mining coal and manufacturing coke, brick, &c.
Stock,
$2,500,000: outstanding, $2,387,628.
Cash dividends: 1896,4%: 1897.4%;
1898, 4!^%; 1899, 6%; 1899 to 1904, 6% yearly; 1905, Mch.. June and
Sept.. 2% each in stock; Dec,
cash; 1906, Mch. 31 and June 30,
1 \4% cash each. Mtge. Is for $500,000 of 6% bonds due 1908, bonds for
$355,000 in sink, fund (in Apr. 1906), leaving $145,000 outstanding; int.
A. & O. at Central Trust Co., N. Y., trustee. Pres., E. L. Marston, 24
Broad St., N. Y. (V. 80, p. 1239.)
TEXAS PACIFIC LAND TRUST. V. 81, p. 209; V. 83, p. 154.
TRENTON POTTERIES CO.— Stock, $3,000,000, of which $1,179,400
Is 8 % non-cum. and $70,600 cumulative 8% pref.: "Supplement" Apr.
Dividends on pref. from Apr. 1900 to July 1906, tncl., 2 % quarterly.
1897.
In July 1902 $518,728 4% income certificates (Int. payable J. & J. 10),
were issued to fund the 44 % accumulated dividends on assenting pref., latter being made 8 % non-cum., per plan V. 74, p. 1256.
The certificates are
subject to call for a non-cumulative sinking fund of $25,000 yearly, beginning Jan. 1903, payable out of net profits. If any, over interest on certfs. and
dividends on pref.; to Jan. 1906 $93,907 were purchased and canceled. Int.
on certs, paid to July 1906, incl. V. 75, p. 81, 1208, 1258. (V. 76, p. 483.)
TROW DIRECT. PRINT. & B'KBIND. V. 69, p. 1060; V. 71, p. 962.
UNION BAO & PAPER CO.— ORGANIZATION.— Incorporated In New
Jersey on Feb. 27 1899 as a consolidation of over 90 % of the paper bag business of the country.
V. 68, p. 430: V. 69, p. 182. See V. 71 p. 545. Asets and list of properties, see prospectus, V. 68, p. 333; V. 82, p. 937; rights,
of stock, dec. V.68, p. 675.
Report year ending Feb. 1 1906, with balance
sheet, was in V. 82, p. 865, showing: Net earnings, $833,352; int. on bonds,
$29,721: div. on pref. (7%), $770,000; balance, $33,631.
BONDS. Of the bonds of 1905 ($5,000,000 authorized), $2,200,000 was
sold to pay the floating debt, acquire additional timber lands and other property, Increase working capital. dec.
The remaining bonds are reserved for
future purposes, any property acquired to be placed under the mortgage.
V. 80, p. 2402; V. 81, p. 269,564.
DIVIDENDS.
pref., July '99 to July '06, 7% per an. (1 % % quar.)
OFFICERS.— Pres., L. G. Fisher; 1st V.-P., Edgar G. Barratt; 2d V.-P.,
A. H. Bush: Treas., E. S. Coleman; Sec, W. L. Sparks.
Office, 17 Battery
Place X. Y.
(V. 81. p. 269, 564. 865, 937: V. 82, D. 1444.)
Bal.
year
for
sr. $106. 382
DIRECTORS. — John
,
—
—
1H%
—
—
—
—
—
—On
—
UNION DEPOT CO. OF COLUMBUS, O.— The
a half interest
In this
property.
—
P. C. C. & St. L.
(V. 63, p. 117; V. 64, p. 804.)
UNION ELECTRIC LIGHT & POWER
TION.
—
CO., ST.
owns
LO UIS.— ORGANIZA-
Incorp. in Mo. In June 1902 as a consolidation; In Sept. 1903 the
Missouri Edison Electric Co. was absorbed.
V. 77, p. 40, 774.
Does practically all of the electric-lighting business of St. Louis.
Has a 10-year contract with St. Louis Transit Co. to supply about 12,000 horse-power and
contract, to supply public city electric lighting till Sept. 1 1910.
North
American Co. owns practically
all ($5,655,575) of the outstanding stock.
Derision sustaining consolidation V. 82, p. 1105.
Application to list showing properties owned, securities, dec, was In
"< in oniric" July 28 1006.
_
Snurities
Date.
Outstanding. Last div., &c.
Interest.
Stock (par $100)
$5,700,675
Imper. I.. H. ft P. 1st M .
5
154,000
Mo. El. Lt ft Power 1st M 1891
1921
6
Q.-F.
600,000
Mo. Ed. 1st cons. M ,$4,1
000.000, g. c* ($1,000^ 1897
5 g. F.deA.
3,198,000 Feb. 1 1927
each
Int. In St. Louis or New York.
P. E. L. ft P. 1st M. rsio.ooo.ooo authorized Issue), see table above.
Three-year g. Dotes, $4,-1 1906 5g. j.&jis
3,000,000 jan. is 1000
000,000 '$1 ,000 each) cj Redeemable par after Jan. 15 1907.
STOCK. Of the $10,000,000 stock, (175,325 Is reserved for exchange
for outstanding Mo, Ed. El. stock and $4,115,000 Is held In trust for the
ury, of which $3,000,000 is pledged as security for the 3-ycar notes
V. 80. p. looo.
,
—
i
due
i
BONDS,
or the
Edl on ami Mo.
5s or 1:102, $3, 70s. 000
reserved to retire the Mo.Cash has been deposited to retire the
is
ft P. bonds.
See V. 76, p. 1360; V. 77, p. 10; V. 78, p. 1306;
L. II, ft I'. hoods.
70. [). 275
The 3 year gold noti of 1906 (of which $3,ooo,000 Issued) are secured by
ao equal amount or rtock which the North Amer. Co. agrees to buy at par at
maturity, If the notes are not otherwise provided for. The North American
CO will also have the rlghl 10 purchase the $1,000,000 stock deposited for
the remaining notes, if issued, v. K2, p. 105.
idlng Dec. 31 1905, gross earnings, $1,578,348;
net over taxes, $628,612: Int. on ho. id,, 8293,362; bal.. sin.. $335,250.
OFFICERS. Pres., John 1. Beggs: 1st Vlce-Pres., Julius s. Walsh;
Treas., W. v. X. Powelson; Srr., Harold P, G. Coates.
N. Y. office, 80
Broad St.
(V. 82, p. 101. 1105; V. 88, p. 102.)
TERRY. -Operates live ferry lines between New York and
Brooklyn. Capital stock la $3,000,000; par, $100. Tin- mtge. cov«
ferryboats, real estate. dec
•ok.
•;)!».
1894 to '07.
1900 to .lulv "06
1:1.
1,.
Imp.
V.
1
.
EARNINGS.
1
—
UNION
DIVIDENDS.—
Percent
1
._
8H
4 yearly.
J
3
2
yearly.
of lease, expiring May
1006. V. HO. p. 2225.
Pres., J. D. FairChild. -(V, 80, p. 1125. 2221; V. Kl p. 021.
The United stales steel Corporation, which took
steel co.
possession as of Jan.
1003. owns the entire 820,000,000 stock guaranteeing
$45 .000.000 of 5
bonds. See V. 75, p. 1350; V. 75, p. 150; V. 74, p. loo.
Properties are:
Terms
1
t
union
1
%
,
1
Bonds
Size, or
Bonds
column headings, &c,
of
[Vol. lxxxiii.
When
Rate
%
Where Payable.
$6,900,000 2 in 1905
4,030,000,
1,142.000,
2,729,000'
6g
4,823.000
New York
M New
J
J
&
&
&
J
440,000'
1,100,000
892,000
16,000,000
11,000,000
2,200,000
6,202,000
J
J
4
&
J
J
J
J
Q—
J
Q—
'Q—
J
& J
A & O
5g
6
6g
6 g
6 g
—
Last
Dividend.
49 Wall St, N YiApr 10 '06 1%
Y, Metropolitan Tr Co Nov 1 1930
N
6
40 In '05
98.338,300
See text..
See text.
See text
5 g
3,865,000
5 g
50,000,000 7 In 1905
5,000,000
5g
2,500,000
6
2,500,000
4 g
22,553,060 See text.
248.300
8
Stocks
Office
5g
3,837.000,
2,123,000!
and by
Whom
Pauale.
— Princi-
When Due.
pal,
& 1922
Jan
'06
1946
1
'
do
do
do
do
do
do
do
do
&
&
&
& D
Aug
1
'06
Jan
Jan
Feb
do
do
do
do
do
do
do
do
1
1
2%
1917
1917
1910
1951
1
July 1
July 2 '06 3%
July 1 1930
Dec 1 1922
Q — J Check from Co's office Julyl5'06 1 %
J
& J 17 Battery Place, N YiJuly 1 1930
M & S No Am Co, N Y or St L Sept 1 1932
7
5g
5g
%
9
New York
July 1 1944
New York & Chicago
Julv2 06 1 H %
N Bk of Rep; N Y & Ch July 1 1914
Guaranty Trust Co, N Y July2 06 3 %
Guaranty Trust Co. N Y Jan 1 1925
Hanover Bank, N Y
Aug 1 •06 1 %
&
6 g
1911
York, 26 Broadway June 15
%
Plants at Donora and Sharon. Pa., with daily capacity as follows: 5 blast
furnaces, 2,500 tons; 24 open-hearth furnaces, 2,400 tons; 3 blooming, slabbing and sheet bar mills, 3,200 tons; 4 rod mills, 800 tons: 2 wire and nail
mills, 7,000 kegs; 1 tube works, 300 tons; 1 plate mill, 400 tons: 1 tin-plate
plant, 3,600 boxes; 1 sheet plant, 100 tons; 1 by-product coke plant (212
ovens) 1,000 tons.
Coking coal property in lower Connellsville district, 4,740 acres of coal
and 810 acres of surface.
Steam coal property on Monongahela River, 1,524 acres of coal and 179
acres of surface.
Two modern steel ore steamers.
,
The Sharon and Penobscot mines (in fee) and Donora and Sweeny mines
on the Mesaba range, estimated to contain 40,000,000 tons of iron
(leases)
ore.
—
BONDS. The 1st and coll. 5s of 1902 ($45,000,000 authorized issue)
are guaranteed, principal and interest, by the U. S. Steel Corp., and are
secured by all the property of the company Including the Sharon Steel stock
acquired.
They are subject to call after Dec. 1 1907 at 110 and interest.
Of the bonds. $38,527,000 have been issued, of which $2,651,000 were held
alive in sinking fund on Jan. 1 1906, $3,500,000 are to be used to retire underlying bonds and balance is reserved for future purposes. An annual
sinking fund payment of 2 % of the amount of bonds outstanding.
V. 75
p. 1150: V. 76, p. 107,546.
Guaranty, V. 76 p. 709.
Underlying bonds
Date.
Interest.
Outstanding.
Maturity.
Sharon Steel 1st M. g. sink) 1900
5 g. A.&O.
$841,000 Oct. 1 1940
fund
Subject to call at par after Oct. 1 1910.
j
Sharon Steel M. (1st on) 1901
5g J.&D.
1,000,000 June 1 1941
tube mill, 2nd on other^Subject to call at 105 to June 1 1911; thereafter
property
at par.
Sharon Sheet Steel lst\1901
5g.M.&N.
399.000 Nov. 1 1921
mortgage
Subject to call after Oct. 1 1906.
j
Sharon Coke first mort-11901
5 g. J.&D.
1,250,000
Dec. 2 1931
gage
Subject to call after 5 years.
J
(V. 75, p. 1359: V. 76, p. 107, 334, 545, 709; V. 78, p. 1171. 1227 )
UNION STOCK YARDS OF OM AH A.— ORGANIZATION. Incorporated in Nebraska in Dec. 1887. Owns about 200 acres of land at South
Omaha covered with buildings, &c, to carry on business and other real
estate.
In May 1903 it was voted to increase the stock from $6,000,000 to
$7,500,000, the new stock being distributed, It was understood, as a 25
stock dividend.
V. 76, p. 927; V. 83, p. 162. Cash dividends are paid 6%
yearly (Q.M.).
There are no bonds. Pres., W. A. Paxton; Sec. and
Treas., J. C. Sharp.
Office, South Omaha, Neb.
(V. 76, p. 1196; V. 83,
—
j
—
—
%
—
p.
162.)
UNION SWITCH & SIGNAL CO.— ORGANIZATION.— Incorporated
Owns
in Pa. In 1882.
Switch
&
Signal Co.
Harriman system, V.
plant at Swissvale, Pa.
In 1898 acquired National
V. 68, p. 471; V. 67, p. 738. Automatic signals on
83, p. 42.
STOCK. —-In
Jan. 1906 stockholders subscribed to $250,000 new com.
stock at $75 per S50 share, raising the amount outstanding to $1,748,700.
Pref. is entitled to 1 % above 6% for every H % on com. until 12% Is
reached, then both stocks share alike.
'99 '00 '01 '02 '03 '04 to July '06
DIVIDENDS (since 1898)
On pref
6
\
7H 8 8 9 10 (Q.-J.)
%
.
On com
3
4
4
6
8 (Q.-J.)
for cal. year 1905 In V. 82, p. 567, showed: Gross,
$2,980,890; surp. over int., $409,667; divs. on com. (8%), $119,936; dlv.
on pref. (10%), $49,760; sur., $239,971. In 1904, gross, $2,486,840;
J
REPORT. — Report
surp. over Int., $358,841.
Pres., George Westlnghouse; Sec. and Treas., James Johnson.
Swissvale, Pa.
(V. 82, p. 52, 105, 567; V. 83, p. 42.)
Office
—
UNION TYPE WRITER.— Organized In 1893 In N. J. A
Seamans & Benedict (Remington), Yost
Including WyckofJ,
combination
Writing MaSmith Premier Typewriter
American Writing Machine (Caligraph)
and Densmore Typewriter cos. V. 79, p. 1481.
chine,
,
DIVS.
'03 '04 '05 '06
7
7
7
ZYi
8
8
8
4
8
8
6
6
6
6
3
Pres., Clarence W. Seamans; Sec. Geo. K. Gilluly.
Office, Jersey City.
N. J.
New directors, March 1906, V. 82, p. 701. (V. 80, p. 1125. 1427;
V. 82, p. 701.)
'94
'93
% ZV
2d pref. %0
Com.stk. %
1
st pref.
'95
7
6
7
2
'96
7
6
'97
7
'98
7
8
'99
7
'00
7
"01
'02
7
7
81616
—
UNITED BANK NOTE CORPORATION.— ORGANIZATION.— Incorporated in N. Y. Feb. 20 1006 as successor per plan, V. 81, p. 1851. 1704.
Stockholders of the old company received
of American Bank Note Co.
per share one share of com. and one share of pref. of the new company; also
having the right to subscribe pro rata for $400,000 of new pref., with loo %
com. as bonus at the rate of $75 per share (par $50) to supply $600,000 for
working capital and Investment fund. In Jan. loot; more than a majority
of the stock was deposited an,! the plan was declared effective.
STOCK. No lien shall be created or additional stock issued without the
assent of 80 "i of each class of stock.
Of the stock $500,000 of each class
—
available for future purposes.
'99
'00 to Jui:C06 Inc
DIVIDENDS (Old CO.). \ "92 to '94 '05 to '98
$3 50
$3 v'rlv: see below
Per $50 share
.J$4 y'rly. $3y'rly.
Payable (50c) 1 ",', each In M. ft S. and (XI) 2
each In, I. ft I).
",,
iMM.11> on pref. stock of 1'nlted Co. paid July 2 1908;
first dlv.,
1906.
on common, 1";, Aug.
(old Co. -for cal. year 1005, profits (after deducting cost of
new machinery), $765.oo6: charged <>iT (real estate, ftc.) (114,543; reserves
for depredation in Investment acct. ($50.0001 special machinery (880,000),
ftc. $100,000; dividends paid. 8216,000; bal., sur. 8334,463.
Y
(V. 82. p. I3,S3; V. 83, p. 162.)
Office, 78-86 Trinity Place. .N
UNITED BOX hoard & paper CO. ORGANIZATION. Incorit as of Jan.
1002. per plan
porated in N. J. on May 28 1001' and look
V. 74, p. 375, 26 leading strawhoard and bo\ board plants In the counlts
a capacity of 1,359 tons dally; also acquired $5,788,300 of the $6.bavins
000.000 American Strawboard Co. stock and entire stock of Knickerbocker
v. 74. p. 1011:
Pulp ft Paper Co. with a dallj capacity of 10 tons of pulp.
v. 75. p. 1358; v. no, p. 226.
Owns entire 2,000 shares ol Unoas Paper Co..
.Norwich. Conn.
'1 ".'..paid Dec 15
002; none since to July 1906.
V. 76,
Dlv. on pref..
p. 658, 1038.
BONDS. The shareholders on Dec. ,s 1005 authorized $2,750,000 gen.
mtge. <.",, bonds, with s. r. $50,000 annual!] beginning 1007 to draw bonds
cold bonds. tO be secured by deposit
by lot; also $ ,750.000 GOllal trusl 6
of majority Interest (85,788,200) in the Amer, Strawb. Co. stock re-pur
The
chased from friends or the CO., ulth a like s. f. beginning Oct. 1008.
he balance
gen. mtge. bonds were used to take up the existing mtge. debt
being reserved for underlying liens, aggregating about $1,000,000 on 14 of
.he plaids (sec list V. 75, p. 1304), \l/.:
Is
%
I
!
I
REPORT
•">
I
.
.
.
.
.
m
—
—
1
,
1
1
I
I
.
%
.
I
JULY,
INDUSTRIAL STOCKS AND BONDS.
190G.J
MISCELL A NEO US.
For explanation
first
—
—
page of
of
on
notes
— —
text)
. .
Preferred stock (see
1st consol mortgage gold due $50,000 July 1 yearly
Union Typewriter Common stock
preferred stock cumulative
First
cumulative $6,000,000 authorized
2d pref stock
United Bank Note Corporation Common stock $5,000,000-.
Preferred
cumulative $5,000,000 (also as to assets)
American Bank Note debentures gold
United Box Board & Paper Common stock $14,018,500
cumulative $14,948,900
Preferred
Tac*.
Gen
$2,750,000 g red par, s f $50,000 yearly
Collateral trust bonds $1,750,000 redeemable at par. Ta.c*
United Copper Common stock $75,000,000 authorized
gold cumulative preferred, can be called at 125..
Stock 6
—
8%
—
7%
—
%
Amount
Outstanding
1890
1902
100 &c
1,000 &c
100
50
50
1,000
100
100
100
50
50
1,000
$100
—
6%
M
Par
Value.
1898
United Fruit— Stock $20,000,000
OB
Debentures gold conv red at 110 after Jan 1903
OB.c*
No Ry of Costa Rica 1st M g red 105 s f & Int gu
United Gas Improvement Co Stock $45,906,250
United Shoe Machinery Corp Common stock $35,000,000..
Preferred stock 6% cumulative $15,OOD,000
U S Cast Iron Pipe & Foundry Co Com Stock $15,000,000 au
Preferred stock 7% non-cumulative
U S Cotton Duck See Consolidated Cotton Duck Co
—
—
1901
1900
1
REPORT. —-Report
for the year ending Dec. 31 1905, including subsidiary cos., was in V. 82, p. 450, showing:
Gross profits, $912,804; net prolits
over interest, repairs, &c., $74,078.
DIRECTORS. O. C. Barber (Pres.)
M. Graves (Vice-Pres.) S. B.
Fleming (Sec. and Gen. Mgr.) C. S. Merrill, A. H. Ivins, L. A. Wiley, D.
,
,
McCallay, Charles D. Brown, J. K. Robinson, W. A. Russell and Willard
A. Holman. Office. Ill Broadway, N. Y.
(V. 82, p. 396, 450, 1383.)
—
MONTANA. — ORGANIZATION.— Incor
porated in N. J. on April 28 1902, and owns about 95 % of stock and all the
bonds of the Montana copper properties developed by F. Augustus Heinze
and associates. In Feb. 1906 the leading mines were acquired by Amalgamated interests and associates and vested in the Red Metal Mining Co.
an operating company with $11,000,000 stock, the latter being all owned
by the Butte Coalition Mining Co., incorporated Feb. 24 1906 with $15,000,000 stock (par of shares, $100). V. 82, p. 396, 511, 755, 991. Assets April
1906, V. 82, p. 991.
Surplus over stock paid in may be used in acquiring
company's bonds, other obligations or shares. V. 82, p. 991.
STOCK authorized, com., $75,000,000; present issue, $45,000,000; balance being reserved for new properties; pref., 6 % cum.; $5,000,000. Par of
shares, $100.
V. 75, p. 139. Div. on pref. paid Nov. 1902 to May 1906,
incl.. 6 %yearlv (M. & N.)
Div. on com., y % and 14 % extra paid July 31
2
1905; Jan. to July 1906, both incl. quarterly, 1 J4 % and y % extra.
V. 82,
2
.
p.
639.
Report for year ending June 1 1906 in V. 82, p. 1320, showed: Total
income, $3,011,620; taxes and general expenses, $316,533; div. on pref.
stock (6%), $300,000; div. on com. stock (4K"i), $2,025,000; bal., sur.,
$370,087.
—
OFFICERS. Pres., F. Augustus Heinze; Vlce-Pres., Arthur P. Heinze
and John McGinnis; Treas. and Sec, Stanley Gitrord. Office, 42 Broadway, N. Y. (V. 82, p. 396, 513, 639, 754, 991, 1320, 1501.)
UNITED ELECTRIC CO. OF NEW JERSEY. See "Street Ry." Section
UNITED EL. L. & POWER CO., N. Y.— See Consolidated Gas.
UNITED FRUIT CO.— ORGANIZATION.— Incorporated in N. J. on
March 30 1899 to control the tropical fruit business.
Official statement, V. 69. p. 854.
Properties owned, see reports V. 71,
p. 1011, 1020; V. 73, p. 1060, and V. 77, p. 2096; V. 79. p. 2475; V. 81,
p. 1548; V. 74, p. 1095; V. 75, p. 621.
Northern Ry. of Costa Rica, see
V. 71, p. 1067; V. 75, p. 851; V. 80, p. 223; V. 81, p. 614. Nipe Bay Co.,
—
V. 81,
—
V. 82,
1382.
— In April 1905 issued156, 632; V. stock at 104,1062. out$1,503,000
making
standing $17,485,000. V. 79,
1001,
80,
'03
'05
DIVIDENDS. — Oct. Vj
'00
1906
Percent
10
7
July,
2y
%
BONDS. — Debentures are convertible into stock at the option of the
holder, and are subject to
whole or in part at option of company.
p. 215:
p.
STOCK.
p.
'01
8
1
J
2
p.
'04
7
'02
7
7
5
Incl.
call in
75, p. 803;
V. 73, p. 240, 295, 496; V.
V. 79, p. 156. To Oct. 1905 $1,554,000 of the $4,250,000 bonds were converted and $300,000 purchased for
and canceled; of the remainder outstanding, $177,000 were owned by
8. f.
a subsidiary company. As to Elder & Fyffes Shipping Co., see V. 77, p. 41.
REPORT.— Report for year ending Sept. 30 1905 was in V. 81, p. 1548,
1561. 1615.
Fiscal
Earnings
We*
Miscel.
Dividend
Balance,
Year.
Earnings.
Sub. Cos.
Surplus.
Charges.
on Stock.
1904-05 .. .$1,446,914 net $170,807 cr. $15, 085
(7)$1,167,792
$ ir,;, .0
1903-04 ..
1,804,895 net 272.880
137,425
(7)
967,675
972,674
1902-03
1,852,544 net 225,204
229,595
877,150
971,003
(7)
DIRECTORS.— Andrew W. Preston (Pres.) Minor C. Keith (V.-P.)
Charles A. Hubbard (Treas.) Bradley W. Palmer (Sec.) Lorenzo D. Baker,
John S. Bartlett, Reginald Foster, Francis R. Hart, James A. Jones, Hugh
Kelly, Kenneth K. McLaren, Wm. S. Spauldlng, James J. Storrow. Henry
O. Underwood and Samuel Untermyer.
General offices, 131 State St.,
1
1
.
,
,
Boston, Mass.
(THE)
— (V.
81, p. 1615.)
UNITED GAS IMPROVEMENT CO.— Organized
1882 in Pa.; reorganized In 1885. Charter is perpetual and business is the building, leasing and operating of gas works (see list in 1900; V. 70, p 1000, 944); also
Interested In certain trolley lines and electric-lighting properties; also owns
Kansas natural gas properties. See list and capitalization of operating cos.
in V. 79. p. 498, and editorial, d. 478; V. 79, p. 2090; V. 80, p. 2342; V. 81,
p. 977, 1727; V. 82, p. 1160, 1444; V. 83, p. 42.
STOCK. The stockholders voted on May 14 1906 to increase the stock
from $36,725,000 to $45,906,250, the new stock being offered to stockholders
at par for extensions and acquisitions, including, It is understood, about a
one-third interest In the Public Service Corporation of N. J., payment to be
made $20 per share June 15, $10 Aug. 15, $10 Oct. 15 and $10 Jan. 1 1907,
or optionally in full June 15.
V. 82, p. 396, 1105, 1160.
DIVIDENDS. Since 1888
per annum, payable quarterly.
In
Jan. 1896 paid extra dividend of 15% in convertible scrip.
for 1905 In V. 82, p. 1101, showed prolits of $5,070,165; dividends (8";,), $2,938,000: bal., sur., $2,132,16:,.
DIRECTORS.— C. A. Griscom, Samuel T. Bodlnc, W. W. Gibbs, Randal
Morgan. George Philler and Samuel R. Shipley. Pres.. Thomas Dolan;
4th V.-P. and Treas.. Lewis Llllie; Sec. W. F. Douthlrt, Broad and Arch
Sts., Phila.
(V. 82, p. I 101, 1105, 1160, 1444: V. 83, p. 42.)
UNITED LEAD CO.— In 1906 merger with National Lead Co. was underStood to have been arranged.
(V. 82, p. 695.)
—
—
8%
REPORT
—
—
UNITED SHOE M ACHI NERY CORPORATION.— ORGANIZATION.—
in \. J. on May 2 1905 as successor of the company of the same
per plan. V. 80, p. 1862.
Properties, V. 68, p. 333, 430; V. 7 1. p. 4.10;
V. 75. p. 851; V. 77, p. 255; V. 80, p. 1486. The old pnf. received par In
new pref. and
cash and the com. 150
cash.
In new com. and
In Aug. 1905 over 95
of the stock of old co. had been acquired.
V. 81,
564.
p.
STOCK. The preferred Is entitled In the event of dissolution to $35 per
$25 share and all accrued dividends in preference to the common stock.
Dividends were paid on the old stock at the rate of 8 % on the common and
6% on the preferred from organization In Feb. 1899 to July 1'.I05, Inclusive.
On new stock. 1
on preferred and 2";, on common paid Oct. 190.", to
July 1906. both Inclusive.
V. 81, p. 901.
EARNINGS. Report for year ending Mch. 1 1906 In V. 82. p. 1436.
Report of old company for year ending Mch. 1 1905, V. ho. p. 2 156.
Incorporated
name
1H%
%
%
3%
—
M%
—
DIRECTORS.— Sidney W.
Winslow
(Pres.), Geo.
W. Brown
,300
45,000
5,000
17,555
2,149
;
Amer. Strawboard Co. has outstanding $323,000 1st s. f. fund gold 6s,
due Feb. 1 1911. int. paid F. & A., at Internat. Tr. Co., Boston. Bal. sheet
Amer. Strawboard Co. Dec. 31 1905. V. 82, p. 451.
Wm.
1
1.229
45,906
16,080
25:
9,936
1001 12,500
100 12,500
$58,300, &c.
CO. OF
14,771
1,750
|
,000
Traders' Paper Co., N. Y., 6s, $200,000, due by Nov. 1919; Thompson
Pulp & Paper Co., N. Y., 6s, $200,000; Somerset & Kennebec Co., Me.,
$338,000; Tytus Paper, &c, O., $122,500; Wabash Paper Co., Indiana,
$200,000; Peoria Strawboard Co., 111., 6s, $100,000; Wilson et al., Conn.,
UNITED COPPER
5,015
4,000
4,000
1,000
50
25
—
,
319
10,000
4,000
100;
250 &c
100 &c
100
100
100
1906
1906
—
—
1,748
497
(Treas.),
When
Rate
%
000
000
000
000
700
600
000
000
000
000
000
000
000
433
459
000
000
000
000
000
000
000
250
525
500
000
000
$3,000
2,200
35,876
7,500
833
100; 13,896
1902
Bonds
When Due.
pal,
Size, or
Bonds
see
tables.
Union Ferry Stock
First mortgage gold red at 110 since Nov 1 1895
N.c*&r
Union Steel 1st & coll M $45,000,000 g gu s f
Union Stock Yards of Omaha Stock $7,500.000
Union Switch & Signal Common stock $2,500,000 auth
7%
— PrinciStocks — Last
INTEREST OR DIVIDENDS.
Dale
&c,
column headings,
of
175
Where Payable,
Q—
See text.
M & N
5g
5g
Q—
Q—
Q—
6 in 1905
8 in 1905
10 in '06
5g
A
A
1905
7 in 1905
8 in 1905
6 in
NY
Trust Co.
Jly 10 '06 2 H
July 1907 14
Check from Co's
do
do
do
do
Q—
A & O
%
July 2 '06 y
2
1 1920
Dec 1 1952
Junel '06 \y %
2
July 10 '06 2%
Y Nov
J
A
See text.
i'A g
office, Bklyn
Corn Exch Bank, N
Checks mailed
do
&
J
Dividend.
Company
& DN Y
J
and by
Whom.
Payable.
Apr
Apr
Apr
office
N
Bowl Green Tr Co,
—
M
Q—
Q—
Q—
Q—
^%
%
%
W%
'Aug. 15 '06, 1
July 2 '06
2
YApr 1 1952
I
See text. See text.
6g J & J New YT ork
6g J & J 15
31 Nassau St, N Y
-T
See text.
do
do
6 in 1905 M &
N
15 Co's office, Boston
7 in 1905 Q
1
M & S Old Colony Tr Co, Boston
5g
do
do
& S
5 g
8
J 15 Philadelphia office
See text.
J 15 Check from Co's office
J 15
do
do
See text.
text. See text. Office 71 Broadway, N Y
See
do
do
See text.
Q—
2 *06 3
2 '06 4
%
%
2 '06 3
1H %
Decl5'02
Jan 1 1926
Jan 15 1926
Jly 31 '06
1
May
%%
3%
%
15 '06
Jly 14 '06 1%
Sept 1 1911
Sept 1 1915
July 14 '06 2%
July 14 '06 2%
Jly 14 '06
Sep
Sep
1
'06
1
1 '06 1
y%
2
1 %
M%
Frank L. Babbott, William Barbour, Louis D. Brandeis, J. H. Hanan.
E. P. Rowe, E. P. Hurd, G. E. Keith, J. C. Kilham, R. Matz, J. Harsen
Rhoades, W. F. Robinson, J. J. Storrow, A. R. Turner Jr., Samuel Wood,
Frank Wood and Robert Treat Paine, 2nd. Sec is Louis H. Baker, of
Boston, Albany Building, Boston, Mass.
(V. 80, p. 1862, 1922, 2456,
—
2463; V. 81, p. 159, 564, 901; V. 82, p. 1436.)
UNITED STATES CAST IRON PIPE & FOUNDRY CO.— ORGANIZA— Incorporated in New Jersey on March 13 1899 per plan in V. 68,
TION.
p. 233;
V. 69, p. 757; V. 71,
DIVS. (%)
p. 1124.
1900.
1899.
1
1901-1903
1906.
1905.
1904.
Incl. Sep., 5M
On preferred.)- Dec 154 5^
8
4 yearly
4H
Incl. Sep.. 3
Oncommon__J
1
On pref in 1905 Mar l%%; June, 1%; July, 1, making 7% for year
1904-05; Sept., 1 % %; Dec l%%; in 1906, Mar. 1 % %.
BONDS. Underlying bonds American Pipe & Foundry Co., $1,194,000
6s (int. J. & J.)
due 1928.
REPORT. — Report for year ending May 31 1906, with balance sheet. In
V. 82, p. 1494, showed: Total income, $2,053,208; int. on bonds, $90,000;
reserves, $207,000; div. on pref. (7%), $875,000; div. on common stock
(4%), $500,000; bal., sur., for year, $381,208.
OFFICERS. — Pres., George B. Hayes; Vice-Pres., Geo. J. Long; Sec.
—
,
and Treas., B. F. Haughton. 71 Broadway.
DIRECTORS. Geo. B. Hayes, Colgate Hoyt, A. C. Overholt, B. F.
Overholt, C. E. Burke, E. C. Fuller, A .N. Brady, George J. Long, P. J.
Goodhart, D. Giles, W. T. C. Carpenter, B. F. Haughton, E. R. Thomas
and L. R. Lemoine.— (V. 80, p, 169; V. 81, p. 30, 36, 1178; V. 82, p. 1494.)
UNITED STATES COAL & OIL CO. ORGANIZATION. Name was
changed from United States Oil Co. on June 2 1902, and the Island Creek
Coal Co. of West Va. absorbed, per plan V. 74, p. 1146.
Owns in fee 30,000
acres of bituminous coal lands In Logan and Mingo counties, W. Va., and
—
—
—
built a 10-mile railroad.
In Jan. 1904
2163; V. 78, p. 346; V. 80, p. 710.
oil
properties were sold, V. 77, p
Stock Increased June 1902 from $2,500,000 to $6,250,000; outstanding,
Dividend of $1 (of which 50 cents extra) per share
$6,000,000; par $25.
paid April 1, July 1 and Oct. 1 1899; 1900, Jan. 1, $1 25 (of which 50c.
extra; Apr. 2, 50c; Julv 2, 50c; Oct. 1, 50c
None since to July 1906.
V. 71, p. 1273. Report for 1903-04, V. 80, p. 710. Pres., Albert F.
Holden, Cleveland, O.; Sec. and Treas., F. W. Batchelder, State Mutual
Bldg., Boston.
(V. 78, p. 346; V. 80, p. 710.)
UNITED STATES COTTON DUCK CORP. See Cons. Cotton Duck Co.
UNITED STATES ENVELOPE. Incorporated in 1898 under the laws of
Maine. Absorbed ten companies named in V. 66. p. 1003, producing over
90 % of the commercial envelopes in the United States.
Output 17,000,000
dally; capacity over 20,000,000 daily.
Mortgage bonds $2,000,000. See
V. 66, p. 1003; V. 67, p. 179. Debentures, V. 74, p. 385. Dec. 1898 paid
2% on pref.; June 1899 to Sept. 1901, incl., 7% per ann. (Q-M); 1902 to
Mar. 1906, inclusive, 5% yearly (M. & S.)
Report for year ending June 30 1905. with balance sheet, in V. 81 p. 666,
showed: net profits, $532,053; int. on bonds, $131,149; pref. div. (5%),
$187,500; sink, fund, deprec etc., $158,324; balance surplus, $55,080.
OFFICERS. Pres., C. H. Hutchlns; Treas., Wm. O. Day, Springtield.
Mass.; Sec, W. M. Wharfield, Springtield, Mass.
Directors Sept. 1905,
(V. 78, p. 1227; V. 79, p. 785; V. 81. p. 666.)
V. 77, p. 774.
UNITED STATES EXPRESS. An "association" organized under the
laws of New York State in 1854; not incorporated. Operated July 1905
on about 30,000 miles of railroad in the United States. United States
Realty Co., subsidiary, V. 81, p. 269, 564, 977.
—
—
—
,
—
—
—
DIVIDENDS—
'96-'00
'01. '02. '03. '04. '05. '06.
4 May,
4
4
4
3 yearly. 3 >A
(V. 79, p. 1026.TV. 81, p. 269, 564, 977; V. 83, p. 163.)
Since 1892,
—
'92. '93. '94. '95.
1
%.../
4
2
2
UNITED STATES LEATHER.— See Central Leather Co.
UNITED STATES MORTGAGE & TRUST CO.— Chartered in 1871.
Formerly United States Mortgage Co.; present name assumed Feb 23 1895.
STOCK. — Capital stock Is $2,000,000; par, $100. Surplus, $4,000,000;
undivided prolits Jan
1
1906. $549,889.
1894 6%; 1895, 6%; 1896, 6%; 1897, 6%: 1898.
1900, 10%; 1901, 12%; 1902, 15%; 1903, 16%1904, 20%; 1905, June, 10%; Dec, 12%; 1906, June. 10%.
BONDS. The series of mortgage trust bonds, $1,000,000 each, are
secured by deposit with trustee of first mortgages on improved city real
estate "in amounts at least equal to the bonds outstanding."
See application to list $5,000,000 bonds in V. 67, p. 487.
OFFICERS. Pres., George M. Cummin?; Vlce-Pres., Luther Kountze,
Eben B. Thomas and J. W. Platten; Treas., Carl G. Rasmus; Sec, Calvert
Brewer.
(V. 75, p. 81, 347).
7
DIVIDENDS.— In
A%; 1899, 10%;
l
—
—
—
acquired
— Incorporated2019, $32,736,000 of theand Mav 1905 hadstock and
N\
on May 26 1904
V. 78,
per plan
$33,198,000 com.
UNITED STATES REALTY & IMPROVEMENT CO.— ORGANIZA-
TION.
In
In
in
J.
p.
$26,596,200 of the $27,011,100 pref. stock of the U. S. Realty & Construction Co.
See list of assets, etc., In V. 80, p. 2340; also statement to \. Y.
Stock Exch. V. 75, p. 1200. .See V. 77, p. 297, 953, 2103, 2396; V. 78, p.
The old stock (par. $100) received: The pref. $42 50
51; V. 82, p. 1274.
In new stock and $50 in debentures and the com. stock $15 In new stock.
In Dec 1905 a majority of the $2,000,000 Century Realty stock was ac
quired: also has large Interest In Alliance Realty Co.
V. 81, p. 1798:
V. 82,
p.
1209.
—
SECURITIES. Of the stock $13,506,000 Is reserved
No general mortgage can be made without
the bonds.
for conversion of
fust securing the
If less than all of
principal and Interest of the debentures by mortgage.
the outstanding debentures Is redeemed at any time, the numbers drawn
shall
be determined by
REPORT. — Report
lot.
for
vear ending April 30 1006, with balance sheet.
was In V. 82. p. 12oo. showing: Total prolits, $2,318,922; operating expi
and taxes. $363,487: Interest, depreciation, <*<'.. $509,500; net earnings.
51.445,935; Interest on debs.. &c, $680,789; bal., sur.. $765,146.
DIRECTORS.—James Stlllman, H. S. Black, C. M. Schwab, P. A. Valentine, Henry Budge, John W. Gates, James H. Post, Frank H. Hay. Edwin
Hawley, Stephen S. Palmer, R. G. Babbage. Cortlandt Betts and Wm. F.
llavemeyer. ('has. T. Barney, W. H.
hesebrough, John D. Crlmmlti*.
Oakley Thorne and B. M. Fellows.
OFFICERS.—President, H. S. Black: Vice Presidents. R. G. Babbage.
W. H. Chesebrough; Secretary, r. G. Babbage and C G. Dalle; Treasurer,
15. M. Fellows: Ass't Treas., }\
Office. Ill B'way, X. \.
O. Whisor Jr.
(V. 82 D. 1209 1274 1326 1383.)
UNITED states reduction & REFINING CO.— Incorporated In
New Jersey on May 31 1901. Extract* sold and other preclo
V. 74. p
from ore obtained chiefly from Cripple Creek District Col.
In Nov. 1905 the company's holdings In Utah Copper Co. were sold for
$940,800.
V. 80. p. 2225: V. 81, p, 1497. 1i
;
.
.
-
INDUSTRIAL STOCKS AND BONDS.
176
MISCELLA XKi tUS.
page of
first
L
Par
Amount
Value.
Outstanding
— Common stock 51,000,000
cumulative 54.000,000
stock
Envelope
S
Preferred
5100
%
7
—
100
—
1
—
First preferred
non-cum
2d pref (510,000,000 au) 6
Collateral fund gold notes (see text*
8
%
%
non-cum
Mo.c
1004
1898
1905
Boston Rubber Shoe Co gold bonds
General Rubber deb 50,000.000 gu p & 1 red 105
L nited States Smelt Ref & Mining
Com stock 537,500,000..
Preferred stock 7% cumulative 537,500,000
United States Steel Corporation Com stock 5550,000,000..
Preferred stock 7% cumulative 5400.000,000
Collat trust M/redeemable at 1 15 s f (see text) _. Us.c* &r
c*&r
.000,000 Inot redeemable s f (sec text)
Collateral trust 2d
5250,000,000 g s f red (text) _. Us.c* &r
—
—
M
1
1
1%
quarterly; none since to July
BONDS. Of the bonds 5531,000 of the 53,000,000 issued had in Jan.
1906 been redeemed and were held alive In the sinking fund. V. 81, p.
1855; V. 82, p. 165, 391.
for year ending Aug. 1 1905 given In V. 82, p. 391, showing
$474,116; interest on bonds, 5180,000; bal., sur., $294,116.
Pres. Chas. L. Tutt; Vlce-Pres. and Mgr., Chas. M. MacNelll; Sec. and
Transfer office, 54 Wall St.— (V. 82, p. 3
..Spencer
—
i
i
REPORT
Organized under laws of New Jersey in April 1S92 for the manufacture of
rubber boots and shoes, etc. Application to N. Y. Stock Exeh. in 1892,
In 1893 acquired five
V. 55, p. 1039: see V. 56, p. 539: Y. 71. p. 545.
additional concerns.
In Sept. 1898 purchased the stock of the Boston
Indey. 67, p. 905; V. 07, p. 691, 738. 802, 905.
Rubber Shoe
pendent companies June 1904, see V. 68, p. 574, 675, 725; V. 71, p. 37,
The
1317; V. 72. p. 92; V. 73. p. 1318; V. 74, p. 100; V. 78, p. 2338.
iwaka Woolen Mfg. Co. is controlled by friendly interests. In March
1900 control of the Atlantic Rubber Shoe Co. was acquired. V. 82, p. 575.
150
As to control of Rubber Goods Mfg. Co., see STOCK, below.
STOCK. First pref. stock has preference as to assets and dividends; 2d
pref. only as to dividends- bonded debt can be created only with consent of
three fourths in interest of each kind of stock present at a meeting called for
the purpose. V. 82, p. 52
See editorial May 1893 "Supplement."
The stockholders voted on May 25 1905 to increase the 1st pref. stock
from .$25,000,000 to 540,000,000, and to create an issue of 510,000,000 of 2d
tref. stock in connection with the purchase, through a syndicate, of Rubber
In July 1906 over 90% of
M s. Co. stock, per plan V. SO, p. 1977.
s
roods Co. stock had been acquired, $8,497,500 Q. S. Rubber
I
.
—
1st pi
1,7
1
f
Rub
the
ol
an equal amount ol
S. Rubber
See V. 82, p. 1100.
pref. stock.
[n
sold to a
V. 82, p. 285. 513.
DIV'S,
p. Ct. '96. '97. '98. '99. '00.
o
2
2
2
1st pref.
8
6
8
8
8
2d pref _
Issued in
p
Per $100
$100 com. $50 of 2d
5,000,000 1st pref. was
el
•
:
'02-03.
'01.
Common.
Goods Co.
ler
lsl
.
I
'04.
1906.
1905.
None. None.
1
None. 4 A Below. 'Inel. July
—
1905
%
6
,
Below .jlncl.J'y ,4 A
and \A% extra, making
1905, Mch., \A %: May, 2
190 05; Aug., 2%; Ocl ..
in 1906
to July,
I, to July
On
paid Oct. 31 1905
\i
BONDS. The funding notes of 1902 are secured by deNOTES
'ing 512,000,000, and were
f>osit ol nous of the subsidiary co
Under
ssuedtodl
the floating debt, in'cl. that of the subsidiary cos.
the trust Instrument the net quick assets ol all the cos., excluding real and
fixed properties, shall never be less than 515,000,000; in addition the value of
the 16 plants
encumbered, was estimated at $12,500,000. Of the
$4,000,000 have been retired, reducing amount to $8,000,000, and
balance extended to March 1 1908.
the
V. 7 I. p. 684, 733- V. 79, p. 1615.
The Genera] Rubber <'o., with
ock, the crude rubber sub".
sidiary, in July 1905 sold so, non. eon
bonds guaranteed by U. S.
Rubber and Rubber Goods Mfg. conxpai
hieh 56,000,000 will be
V. 81 p. 36, 103; V. 82, p.
00.
VRNINGS. For 3 mom
10
190
in
earnings (June
tOCli o\\ ned ($116,278i
,000; In 1905, $966,751
in V. 82. i>.
loo.
Report fo
ding Mch. 31
All Cos.
Operating
ill
Other
Add'ns
Bad
Balance,
Fiscal IV.
in',:
surplus.
profits.
Income.
to sur. debts, &C.
1905-06
179 568*$1, 334,576
$4,90
$69,227 $
5,020.725
190 05
161 ,392
173,462
3.7m .923
3 i,58
Div. on 1st pref.
in
seal
2d pref., l
i
'
,
—
AND
.
'
i
l
.
—
1
i
i
!
REPORT.—
1
—
i
I
1
1
.
Office 49
Various
I
6g
5g
5g
M&S
&
&
F
4H
J
H%
1
N Y May 15
N Y .June 30
'06
2
%
10%
'06
1917-1918
1918-1922
do
July 1 1924
July '03 1 %
July '06 1A
July 1 1931
Office 42 Broadway N Y Apr 30 '00 1
do
July 31 '06 2
do
do
do
Julv31'06 1 Vi
15 Morton Trust Co; N Y Men 15 1908
A Eliot Nat Bk.Bos; & Prov Aug 1 1908
J Office 42 Broadway N Y July 1 1915
—
Q—
Q—
J
1900
See text.
See text.
'06 2
1
& J N Y Trust Co, N Y
O — J Checks mailed
do
O
& JKeasler & Co, N Y
5 g
J
See text.
See text.
2 in
Men
Aug
1918
Feb 1907-12
Broadway,
do
Q—
O—
Q—
%
%
%
%
I
N Y
N Y
1M%
Julvl6'06
Dec 30 '03
y2
%
May31'06 1M%
Apr 1 1951
Apr 1 1951
Apr 1 1963
Total stock.
Total stock.
com
$28,ooo ooo
.$46,484,300 Amer. Tin Plate, com
do
6 % pref.. 53,260,900
do
pref.. 18,325.000
National Tube, com
10 Amer. Steel Hoop, com. 19,000,000
40,000,0
40,000,oon
do
pref.
do
7
7 % pref.
14,000,000
National Steel, com
32,000.000 Amer. Sheet St., com
24.500,000
do
27,000,(
7 % pref.
do
7 % pref.
24,500,000
Amer. Bridge, com
30,527,800 L. Superior Con. 1. Alines 29,425,940
do
pref.. 30,527,800 Shelby Steel Tube, com.
8,175,000
Amer. St. & Wire, com.. 50,000,000
do
pref..
5,000,000
do
7 % pref.. 40,0110,1100 U uion Steel Co
20 ,000 ,000
Carnegie
150 ,800 ,000
PROPERTIES OWNED. The properties owned Dec. 31 1905 were:
93 blast furnaces, 16 open-hearth and 16 Bessemer steel plants, 7 steel rail
mills, 52 bar, billet, &c, mills in 26 plants; 15 structural shape mills in 6
plants; 14 plate mills in 6 plants; 5 plants, comprising 114 puddling furnaces; 60 merchant mills, producing bar iron, steel, &c. in 17 plants; 38
plants, comprising 439 hot mills, producing tin plate, &c; 24 rod mills, in
13 plants; 23 wire plants, 18 (welded and seamless) tube plants, 22 bridge
and structural plants, 24 complete foundries, 38 skelp mills, 31 miscellaneous armor, axle, &c, works; extensive iron ore mines In the Lake
Superior region; 63,694 acres of coking coal and 19, SOU acres of surface and
18.257 beehive coke ovens, &c., In Westmoreland and Fayette counties.
Pa.; 357 bi-product coke ovens at Benwood, \V. Va., and Sharon and South
Sharon, Pa.; 32,724 acres of steam and gas coal lands, &c.. railroads, lake
vessels, ore docks, natural gas lands, &c.
The output of the company In 1905 (see V. 82, p. 636) is shown below:
Gross tons.
Fin. Prod.
Output
(Concl )
Gross tons.
Iron ore
404,732
18,486,556 Finished structural work
Pig iron, spiegel, &c
10.172,1 18 Plates and sheets
1,705,156
Bessemer steel
7,379,188 Wire and wire products.. 1,283,943
Open-hearth steel
4,616,051 lil'ms, slabs, billets, &c_ 1,253,682
12.242 ooo All other finished prodCoke, manufactured
ucts
Coal (not used for coke) 2,204,950
2,851,818
Total of all finished prodFinished Products
Bessemer steel rails
1,727,055
ucts
9.226,386
On Jan. 1 1903 took over the entire capital stock of the new Union Steel
Co., $45,000,000 of new 5 % bonds being guaranteed, principal and Interest.
V. 75, p. 1359; V. 76, p. 107, 546;
See that company on a preceding page.
V. 78. p. 1174. In May 1904 the Clairton Steel Co. was acquired, the Steel
Corporation guaranteeing 510,230,000 bonds already issued and assuming
The
$1 666 ,71 5 mtges. on real estate, coal lands and mining properties.
Crucible Steel Co. agrees to take 120. ooo tons of steel yearly for 10 years
tons of pig on a sliding scale.
V. 78, p. 1552, 2019; V.
and about 80,000
In April 1905 fiec!
inired. Y. 80, p. 1738.
79, p. 1283.
In April 1900 the Indiana Steel Co. b< gan to build a new plant at Gary .in
Count;
Ind., with an annual capacity of 1,750,000 tons of finished
m Iderable portion may be pro\ided
steel, to cost about $75,000,i
was [stiiicd none would beissued for
ofbo Is, but In M
sometime, y. 82, p. 575, 637, 702, 991 1216.
STOCK. As to retirement of $150,000,000 or $510,281,100 pref. stock,
Large stockholders May 1905, V*. 75, p. 81. Subsee bonds below.
scriptions by employees. V. 80, p. 119, 1121; V. 81, p. 1855.
DIVIDENDS.— On pref.. 1 % % quar. paid Aug. 1901 to May 1906 incl.
On com.. 1",', quar. Sent. 1901 to S. pi 1903; Dec, '•"„; none since to
July 1906.
BONDS. The collateral trust 5% bonds of 1901 were secured by all the
securities owned: $154,000,000 only (series A, C and E) are subject to call
191 1: a sinking fund of 83.040,000
In whole or part at 115% after April
early, beginning June l 1902, can purchase bonds, If obtainable at not ex1911 may be .applied to the receeding 115 and Interest and after April
in Jan. 1906,
demption of series A, C and E bonds to be drawn by lot.
si
nol in eluded [n
un1 shown In table above, had been so pur,955,000,
Carnegie holdings. V. 77. p. 20:19.
chased a id wi re held alive in sink. fund.
in 1903 $150 ,000 ,000 pi
for $, tor second mort.
.s'.'o.ooo. 000 of the b(
>id at par to provide for Im10 ,000 bond
avallal
for
lie tor cash
provements. The remal
ana et. The final $50,000,000 (of the authora the treasurj
,,
150,000,000 2d 5s of 1903) is applicable tor exchange tor
See V. 76, p
$2,846,092 pref. stock.
545,1147,1200; V. 77,
V. 78. i>. 1173. 1786; V. 79. p, 1283.
p. 717, 827, 1530, 2039;
alien e
collat. trust 2d mort 58 ol I'm.
V. 7
p. 58 1. 733,
The
802; V. 76, p. 545) are next in rank and similar In form to the 5s of 1901.
Federal Steel,
7%
%
7%
7%
—
UNITED STATES RUBBER.— ORGANIZATION AND PROPERTY.
1
N
do
do
M
on preferred, 1 >":.. paid Dec. 20 1901; Vpril 1 to Oct. 1
both inclusive. l'.," quarterly; in Oct. 1905,
V'.V 1906, Jan.,
;July,lJ^%. On common, April 1 1902 to July 1 1903,
Inclusive,
do
do
J
A
See text.
J
See text.
M Office Empire Bldg,
7 in 1905
do
do
Various
P Morgan & Co,
5 g
J
.000 &c / 292002000 1
5 g
do
do
do
500 &c 167.404,000
& N
do
do
5g
DIVIDENDS
.
g
4
l
1901
1901
1903
Dividend.
S Old Colony Tr Co, Boston
&
&
&
J
and by
22 in '05 J
& D Office 55 Cedar St,
4 g
Various
do
do
2,000,000
.000,000
1,000
100 &C
8,000,000
100 10,102.800
1.000 13,284,000
100
5,918,800
100
3,945,800
1,000,
2,469.000
100 25,000,000
100 36,023,000
100
9,768.100
5.000
8,000.0011
4,800.000
,000
1,000 &c
6,000,000
50 a bt 1,994 ,650
50 ab t20 ,98.5.950
100 508,302,500
100 360,281,100
1,000 &c 1
r>
—
(§40,000,000 authorized)
Gg
5g
100
—
M &
1905
5 in
194,000
F
10,000,000 4 In 1905 M
1
Whom.
hie.
2,000,11(10
1.1
1.000
Where Payable,
Win n
Rate
5750,000
3.750.000
100
1898
mortgage cold red after 1908 at 104 sinking fund
Debentures gold part due yearly red at 101 beginning 1907. 1902-4
United States Express -Stock
L cited States Leather
See Central Leather Co
United States Mortgage & Trust Stock
c'&r 1897-8
1st mort trustJ"E" & "F" gold red after 10 years
bonds
\"G" to "N" gold red after 5 years
c* '98-'02
N
U S Realty & Imp Stock 530,000,000 authorized
Debentures 513.500,000 g conv to Apr 30 '07 red 105. N.c* 1904
United States Keduct & Refin Co Common stock 56,000,000
Preferred (also as to assets)
% non-cumulative 54,000,000
First mortgage gold red 110 s f (see text*
N
United States Rubber Common ($25,000,000 authorized) ..
First
When Due.
pal.
of
on
notes
see
tables.
Bonds
Size, or
Bonds
column headings, &c.
of
— PrinciStocks — Last
INTEREST OR DIVIDEXDS.
Date
For explanation
[Vol. lxxxiii.
|
—
—
—
,
,i
i
.
.
i
It
—
,
.
—
1
•
1
i
i
.
$900,78
It
I
1
:
1
1906
o
!
'
Li
the
1
:
I
ear,
J
178.
1905, $5
Dec. 31
plus
pil
P.
el
Howard Fo
H. E. Convei
(
..
Mine
,
M. Trui
,
A
;
p, Colt; 1st
V.
d; See.,
on Jr.;
As
Tri a ,,
rames B. Ford,
Parsi
i
I
NITED
51 VI
l
SMELTING
>
|
:
1906
I
in
Malm
.-
1
%
99
oi er
'I
he
ge
lead smeltci
i
a
le.
and a con
e In
Bonds
I'h
'
pon
of
LakeSS
is
OF!
i.
\Ym. G. Shaii,; V.-P
Inthrop Bat< beldei
u
'
.
\\
.
i).
Main
Office,
UNITED
si
•
ii
ii
In V. 72, p.
I
11
,
678
G
Outstanding.
Maturity.
inn
1
$78,000
F. M. & \\ 2,000,000
1910
Sep. '06 '08
M. & s.
30,000
19 12
i.OOO
Feb.
5 F,
37.500
Aug. '07-'09
due
I
10,0
5
Due
I
1
1
i
.
1
i
Sle.
III
I
I
11110
over
repairs,!
$
hree
(
REPOB
3
m
Additions,
s. f.
'I
I
.
June
Dec.
1
1912
ice,
surplus.
red stock.
5
I
I.' 62,571
12,178,326
ion on •
1
mi
Mar. 31:
Dividend on
tc.
36.63 1,490
V. 82. p
Int..
For
-.,0.0110
I).
.V
•07
\pt
O
t
niS.
Feb.
.OOO
\
.
EARN)
1ST
IM
\p:\ 27
'
.1.
222.
;
.
5OO.000
5 F.
I
0. collateral
5
Sec. and
[olden
!le\ e
i
A.
1
I
Ms.
uiolie'
earl
earl
$37,000
.
>
1
moi tgagc
firsl
e pui ell
.ii
1
10
1.
6,567,000
2,573,407
1905 was given at length In
6,304,019
1
3,300,000
Dec 31
1
1
•,)
0,30
1
,919
62 1.1
190
1904.
.
1003.
I
V. 82. p. 105.
.
or,
SS. bonds, V. 75. p. 1305.
in Tabu- Above.
1
ily.
llieul al
ding June 80 1906
Earnings of new com
p.
•
.
Host. Conn. Coke
Cont
hare,
pi
U. S. Ml
1141
p,
Companies Controlled Not Mentioned
of
ploration Co.
quai
nd coupon bonds to be re10 u ill pro\ Ide for retlredings can be brought tor default
in Jan.
less than two years,
n In table above was held
Interest.
7
':•
1
.
1
t
lai
paid
(V. 82
1
iii utile mortgage
Dewees W ood
heet Steel
,
DIV1 DENDS.
Icing
1
in
Ohio
Am
:
SS. bonds. V. 74,
ler.
In
90
of
\
ol
idlcati
rote $7,i]
Tim
rol
i
—ORGAN!
tndei
linn
1
\. Y.
,
!
I
1
110 and Int. in whole
ate at
I
th
'
1
id
NINO & MI NINO CO
subjeel to call after ten yeai
the latter to bi deslgnati
the bonds
it
of prln. or
icluded In ami
not
;,596,O0
Jr.
I
Ballot
100, 1216, 1501; Y. 83, p.
Rl
hi
I
rohn J. Watson
Samuel Noi
rj
,
Jan
P.,
J.
ester ] .eland
'.\
alter S. Ballou,
C. Benedict, Win.
i
Samuel
See., John It
Ford,
is.
es
L.
I..
M. S
(
.
si
i
i
I.
m
I
Y. 82. p.
CORPORATION
.
I,
ORGANIZATION.
Feb. 25 1901 and acq ulred
V. 73. p. 3 19) pi
.
gales
701.)
11,736
and
-In-
168,8
1
$444,405,431
'.871
1.07.S
371 ,228,009
127,401 .718
plan
01
I.
ol
Net earning!
$119,787,668
$73.1*
$109,171 153
July,
INDUSTRIAL STOCKS AND BONDS.
1906.]
INTEREST OR DIVIDENDS.
MISCELLANEO US.
Date
For explanation
first
page of
see notes
of
Par
Amount
Value.
Outstanding
on
tables.
— PrinciStocks — Last
Bonds
pal,
Size, or
Bonds
&c,
column headings,
of
177
When
Where Payable, and by
Payable.
Whom.
Rate
%
When Due.
Dividend.
United States Steel Corporation (Concluded)
Bonds
of
Companies
Controlled.
Mp.c*
debentures (no longer convertible)
c*
Non-convertible debentures "A" and "B"
Union Steel Co See second page preceding
PPi.c*
St Clair Furnace 1st M gold gu $100,000 yearly
St Clair Steel 1st M g gu $100,000 due yearly.. U Pi .c*
Clalrton Steel M gold p & gu due $500,000 yearly... U Pi
due $100,000 y'ly beg Aug 1915
Clairton Land 1st
.
.
.
St Clair Terminal RR first mortgage
Ce.c*
Elgin Joliet & Eastern 1st M ($10,000,000) gold
Mp.c&r
Duluth & Iron Range first mortgage
Ce.c*
2d mortgage, currency, red at 105, $5,000,000
1890
1893
—
1,000
1,000
1,000
1,000
o.
Ry.
100
100
1902
1.000
1905.
1904.
$1 ,689,999
$1,583,117
4,050,000
12,574,211
$1,598 ,012
3,797 ,500
14,599 ,822
19,297 ,531
10,000 ,000
23,518,293
1,183,372
(7)25,219,677
19,082 ,796
5,378 ,838
(7) 30,404 ,173
12,707 ,562
(2M)
$5,047,852
$12,304,916
—
Sink. fd. of subsid. cos' bonds
do
of U. S. Corp. bonds..
Dep'n &
1,000
1,000 &c
1,000
1,000
be'&N
M
Deduct
2,980,000
1,900,000
3,500,000
1,200,000
938,000
8,500,000
6,732,000
1,000,000
2,000,000
1,150,000
903,000
4,443,000
1,876,000
1894
1900
1900
1
—
1,000
1,000
1,000
1,000
1891
1887
1896
1896
Union RR, first mortgage
Duquesne equipment trust
Us.c
Johnson Co of Pa 1st M red $100,000 Sept 1 yearly
IS.c&r
American Steamship 1st M gold gu p & end, s f
Pittsburgh Steamship mortgage, sinking fund red par
H C Frick Co M, s f red 105 $100,000 yearly July l._FPi
Pittsburgh Bess & Lake Erie RR, Bess & L E and Dul Missa
Virginia-Carolina Chemical Stock, common $38,000,000
Preferred (also as to assets) 8 % cum $20,000,000 auth
Collateral trust
gold red 105 sinking fund (see text) .Ce.c*
$2,872,000
6,900.000
1902
1905
i
M
$1,000
500 &c
1901
1901
Illinois Steel
4,691,413
19,432,890
extin. f'ds(reg.prov.)l
Extra. repl't f'ds(reg. prov'n) _
2,232,172
Spec. fd. for imp'ts & exten. .
26,300 ,000
Set aside for construction .etc.
23,056,437
Interest on U. S. Steel bonds.
99,254
Deprec. in invent. & adj'ts
(7)25,219,677
Dividend on pref. stock
common stock. _
do
Balance, undivided earn'gs $17,065,815
DIRECTORS.—The
To Feb. 1907.
Morgan,
Henry Phipps,
Henry H. Rogers,
J. P.
Thomas
Morrison,
Elbert H.Gary (Chrmn)
George W. Perkins,
Edmund C. Converse,
James Gayley.
1903.
directors are as follows:
To Feb. 1909.
To Feb. 1908.
Marvin Hughitt,
Robert Winsor,
Daniel G. Reid,
Charles Steele,
D. Rockefeller, Jr.,
William E. Corey,
George F. Baker,
Nathaniel Thayer,
John F. Dryden,
Clement A. Griscom
William H. Moore,
J.
Norman
B. Ream,
Peter A. B. Widener,
OFFICERS.— Pres. W. E. Corey; 1st
Treas.. Richard Trimble; Comptroller, William J. Filbert.
FINANCE COMMITTEE. Geo. W. Perkins, Chairman; Henry H.
Rogers, Norman B. Ream, P. A. B. Widener, Henry Phipps, Henry C.
Frick and George F. Baker, and E. H. Gary and W. E. Corey, ex-officio.
Office, 71 B'way, N Y.— (V. 82, p. 1216, 1383, 1504.)
VIRGINIA-CAROLINA CHEMICAL CO.— ORGANIZATION. Incorporated on Sept. 12 1895, and acquired many successful manufactories of
commercial fertilizers from Baltimore to Atlanta and Savannah. V. 68,
p. 431; V. 69, p. 232, 964; adv. in "Chronicle" March 4 '99; V. 72, p. 444.
See application showing properties owned, &c, V. 72, p. 1186; V. 72, p.
1191, 1285; V. 73, p. 137, 240; V. 74, p. 942, 1095; V. 75, p. 81, 140, 496.
The So. Cotton Oil Co., $9,991,050 of whose $10,000,000 stock is owned,
operated the cotton oil properties. See V. 73, p. 240, 137, 1365. On Aug.
7 1905 properties of So. Cotton Oil Co. were transferred to Fidelity Cotton
Oil & Fertilizer Co., with $25,000 authorized stock and $400,000 first 4^s,
due Aug. 1 1915. See V. 81, p. 671. Decision Feb. 1905, V. 80, p. 1001.
STOCK. The stockholders voted on July 17 1901 to authorize an increase in the common stock from $12,000,000 to $38,000,000, the new stock
to be issued for properties recently purchased, and from time to time as required; outstanding June 1900, $27,984,400. V. 73, p. 36, 137; V. 75, p. 496.
The shareholders voted on May 18 1904 to authorize $8,000,000 additional preferred stock, raising the amount to $20,000,000;"of the new stock,
$6,000,000 to be used to pay the floating debt and for additional working
The
capital was subscribed pro rata by stockholders of both classes at par.
remaining $2,000,000 cannot be issued in excess of $400,000 in any fiscal
year except on vote of a majority of the stock. V. 78, p. 1451; V. 77, p.
355, 405; V. 78, p. 1503, 1970.
DIVIDENDS— P.c.l 1896. '97 to Mar. '02, incl. June '02 to June '03.
Common
^Dec.,1
4%.
5
(none since)
Preferred, 8%...j
In full to July 1906, inclusive (paid Q.-J. 15).
COLLATERAL TRUST BONDS.— The bonds are secured by the $9,881,300 So. Cotton Oil stock owned and $2,209,200 of the $2,219,200 stock
of the Charleston Mining & Mfg. Co.
The proceeds were used to restore over
$3,300,000 cash taken from working capital on acct. of recent acquisitions
and to provide about $3,500,000 still due for the properties acquired. They
are subject to call as a whole on any int. day at 105 or for s. f. $500,000
annually, beginning 1904, at 102^ and int. V. 75, p. 140, 687, 1102.
REPORT for 11 'A mos. end. May 31 '06, in V. 83, p. 90, showed gross
profits, $3,029,027; int. on bonds, $294,792; int. and disc, $293,712; div.
on pref. (8%), $1,440,000; set aside for contingent fund, $200,000; add net
earnings So. Cot. Oil Co., $532,709; bal., sur., $1 ,333,232.
DIRECTORS.— S. T. Morgan (Pres.), E. B. Addison, James N. Boy,
T. C. Williams Jr., of Richmond, Va.; John B. Dennis, N. S. Meldrum,
Samuel Spencer and Henry Walters, New York; James- B. Duke, Somerville, N. J.; R. J. Reynolds, Winston, N. C; E. T. Stotesbury, Philadelphia; Geo. W. Watts, Durham, N. C.
Secretary is S. D. Crenshaw; Treas.,
S. W. Travers, Richmond, Va.
(V. 81 p. 263, 672; V. 83, p. 90.)
—
—
—
%
,
VIRGINIA IRON COAL & COKE CO.— ORGANIZATION.— Owns furnaces at Roanoke, Pulaski. Radford, Graham, Max Meadows and Reed
Island, Va.; Bristol and Middlesborough, Ky.; Radford Pipe Works, Radford, Va.; Crescent Horseshoe Works, Max Meadows, Va.; steel works at
Middlesborough, Ky., and certain foundry and mach. works. Also owns
about 132,000 acres of coal lands, and owns and controls about 209,000
acres iron ore and timber lands, together with half of the $2,000,000 capital
stock of the Virginia & Southwest. Ry., Inman, Va., coal mines to Mountain
City. Tenn., &c, 134 miles.
V. 68, p. 675; V. 69, p. 388; V. 79, p. 1703.
In Nov. 1905 about 25,000 acres were taken over under 40 vears lease.
V.
8
See application to list, V. 76, p. 272.
p. 1615.
1
,
Stock authorized, $10,000,000, all common; outstanding, $8,641,600; par
$100.
Readjusted per plan V. 75, p. 348, 398, 736. The scrip received
for Sept. 1903 coupons was paid on May 1 1903.
Of the 1st 5s, $3,325,000
have been canceled, the $520,000 unissued being held to retire prior lien
bonds, viz.: $520,000 Carter Coal & Iron sink, fund gold 5s, due Oct. 1 1938,
subject to call at 105 (New York Trust Co. trustee)
Report for year ending June 30 1905 was In V. 81, p. 1435, showing:
Gross earnings, $3,317,563; net, $462,042; other Income, $54,470; charges, taxes, &c. $426,833;
bal.. sur., $89,679.
Pres., Henry K. McHarir, N. Y.
Office, Bristol,
"Tenn. (V. 80. p. 226; V. 81 ,tp.|1052, I43S, 1615.) ,
.
.
•
•VULCAN DET1NNINGWCO.— ORGANIZATION.— Incorporated In
New Jersey on April 25 1902 as a consolidation. V. 74, p. 942. Has plant
at Streator, 111., and Sewaren. N. J.; manufactures "merchantable pig tin"
and steel scrap (used by steel mills* from tin plate waste. Intension of
Sewaren plant is expected to be completed Aug. 1906. V. 83, p. 42.
STOCK. Common stock, $2,000 000; pref. stock $1,500 000, 7% cum.;
all outstanding- par of shares, $100.
No bonds.
DIVIDENDS—
'02.
'03.
1906.
'04.
1905.
Preferred
;\y
6 ><£
5 (1 MQ-J) See below.
2
—
%
%
Common
2
3
In Jan. and Apr. 1906, each 1
and
and 1
extra: In July 1906, 1 %
extra, leaving 8*4% accumulated dividends unpaid.
REPORT.— Report for year ending Mch. 31 1906 was In V. 83, p. 35.
OFFICERS. President, Samuel R. Beardslev; V.-P. and Treas., Adolph
Kern; Secy., Charles P. Hull. Omce, 157 Cedar St., N. V.— (V. 83, i>. 35,
,'
'
H%
—
42.)
%
%
5g
5g
J
J
F
F
4.4 g
M
A
J
M
M
M
M
g
5
6
5
5
Jan
do
Empire Bldg,
Office
A
&
&
&
&
&
&
&
&
&
&
&
&
&
&
1910
1913
1
N Y Apr
N Y Aug
1
Colon Tr & Pitts,
1910-39
Union Trust Co. Pittsb Jan 1907-25
July 1907-13
do
do
J
J
A
A
N
O
Aug
Tr Co, Pittsb 'gh
do
do
do
Pitts
do
do
do
1915-26
1932
1941
Oct 1 1937
Jan 1 1916
Sept 1 1946
Men 1 1914
To May 1914
Nov 1 1920
Jan 1 1915
July 1 1907-18
1
Feb
May
1
1
J
S Fidelity Title & Tr, Pitts
S Home Tr Co, New jersey
6
S U S Trust Co, N Y
5g
N 111 Tr & Sav Bk, Chicago
5
J
J Union Trust Co, Pitts
5g J
J Bk of Amer, NY; or Pitts
1,200,000!
For other bonds, see text.
See those co mpanies under R Rs.
June 1 '03 1 X
Q— Checks mailed
27,984,400:366 text.
do
July 16 '06 2
8
J 15
18,000,000
5 g
A & O Central Trust Co, N Y Oct 1 1912
6,000,000
—
%
%
Q—
WALTHAM WATCH
CO.
— ORGANIZATION. — Incorporated
in
Massa-
chusetts in May 1906 as successor per plan of re-capitalization in V. 82, p.
Holders of stock of old co.
1042, of American Waltham Watch Co.
($4,000,000) received per $100 share $100 in preferred and $175 common
Manufactures "Waltham" watches; factory sitstock of new company.
uated at Waltham, Mass. Output of watch movements, 3,000 daily, is to
be increased. V. 76, p. 161; V. 82, p. 1042.
STOCK. Common stock, $7,000,000, all outstanding. Of the $5,000,Preferred
000 preferred, $1,000,000 is reserved for enlargements of plant.
stock cannot be increased nor mortgage authorized without the consent of
three-fourths of each class of stock.
—
DIVIDENDS—
'00-'02. '03. '04. '05. 1906.
(Old co.) 1 "79-'95. '96. '97. '98. '99.
6
6
25 2-3 10 y'rly 12
10
10 June,
18 yearly 6
Bal. sheet Mch.
In 1904 and 1905, June, 4%; Dec, 6%, incl. 2% extra.
President, Ezra C. Fitch; Treasurer, Royal Rob31 1906, V. 82, p. 1321.
bins.
Office, 373 Washington St., Boston.
(V. 82, p. 1042, 1158, 1321.)
WELLS, FARGO & CO. (EXPRESS). Incorporated under the laws of
Colorado Feb. 5 1866. On July 1 1904 operated on 41,640 m. of railroad,
Div1,451 m. of stage and 5,348 m. of steamer routes; total, 48,439 m.
idends of 8 % yearly were paid for many years, but the semi-annual dividend paid in July 1894 was reduced to 3 %: 1895 to Jan. 1906, 6 % yearly
(3% J. & J.) and in Jan. 1902 2% extra; in July 1902 and to Jan. 1906,
1% extra semi-annually; July 1906, 5%. Official circular, V. 83, p. 90,
Accumulated surplus May 31 1906 was $12,423,537.
163, with bal. sheet.
Chairman, E. H. Harriman. Directors, Oct. 1902, V. 75, p. 621, 803.—
(V. 82, p. 809, 1504; V.83, p. 42, 90, 163.)
WELSBACH CO. ORGANIZATION. Incorporated in New Jersey
April 28 1900 as a consolidation, per plan V. 70, p. 898.
United Gas Improvement, it is understood, owns control. Stock, $3,500,000; par. $100.
DIVIDENDS. 2% paid June 1901; in 1902, June, 2%; in 1903, Sept.,
2%; in 1904, Sept., 2%; in 1905, Sept., 2%.
BONDS. Of the $7,000,000 gold 5s (Provident Life & Trust Co.,
Philadelphia, trustee), $409,000 reserved for working capital, &c.
REPORT. For year ending May 31 1905 profits were $541,469; int.
and sinking fund, $431,660; charged off, $17,282; dividend, 2%, $70,000
bal., sur., $22,526.
In 1903-04, profits, $524,162.
Pres., Sidney Mason; Sec. and Treas., Lewis Lillie.
Office, N. W. cor
Percent
—
—
James H. Reed,
Henry C. Frick,
William Edenborn.
V.-P., James Gayley; Sec. and
—
F
5 g
do
J
A & O
5
5
5
&
J
5
%
—
—
—
—
—
Broad and Arch
Sts., Philadelphia.
— (V.
81, p. 921.)
WESTCHESTER LIGHTI NO.- See Consolidated Gas Co. of New York.
WESTERN GAS CO. (M1LWAU KEE) .— (V. 74, p. 482; V. 76, p. 653.)
WESTERN TRANSIT CO. — Owns piers, &c, in Buffalo, N. Y., fleet of
14 steamers (of which 8 steel) and also barges used on the Great Lakes.
V.
The N. Y. Cent, owns its $1,000,000 stock.— (V. 79, p. 738.)
79, p. 738.
TELEPHONE & TELEGRAPH CO.— Owns 77% of the
Cleveland Telephone Co. 82
of The Northwestern Telephone Exchange
of The Southwestern Telegraph & Telephone Co., 82
of the
Co. and 83
Wisconsin Telephone Co. These companies operate in Ohio, Minnesota,
WESTERN
%
,
%
%
North and South Dakota, Texas, Arkansas and Wisconsin, under licenses
from Am. Telephone & Telegraph Co., which owns the balance of the stock
of the three first named.
Also owns all the $1,200,000 stock of the Telegraph Cable Co. of Texas. Am. Tel. & Tel. owns control.
ORGANIZATION. Incorporated in N. J. on Jan 22 1902 as successor
of Erie T. & T. Co., per plan in V. 73, p. 1359, and V. 74, p. 42.
DIVIDENDS. Div. on pref., Aug. 1902 to Feb. 1904, 4% yearly (F. &
—
—
Since to
A.).
Aug
BONDS. — All
1906, 5
%
yearly (F.
&
A.).
the old bonds except $134,500 were retired. The new
bonds are secured by stock and bonds owned. See list, V. 74, p. 893.
Outstanding bonds of proprietary company:
Postal Telegraph-Cable Co. of Texas 30-year gold 5s, due Jan. 1 1928,
guaranty of Interest and sinking fund (sufficient to retire bonds at maturity)
assumed on purchase March 15 1902. V. 76, p. 335.
REPORT. Report for year ending Jan. 31 1905, with balance sheet, in
V. 82. p. 1378, showed total income, $1,464,842: net revenue, $887,426;
dividend on preferred (5%), $800,000; bal., sur., $87,426.
Office, 2 13
Washington St., Jersey City. (V. 80, p. 1183 2398; V. 82, p 1378.)
WESTERN UNION TELEGRAPH. Organized under the laws of New
York State on April 2 1851, and present name adopted In 1856. As to
favorable decision in Oct. 1903, In claim against Amer. Telephone & Telegraph Co., see V. 77, p. 953, 2160; V. 78, p. 588, 1227; V. 82, p. 336.
STOCK. In 1892 Increased stock from $86,200,000 to $100,000,000, of
which $8,620,148 was then paid as scrip dividend to represent surplus earnings expended on the propertv and $2,630,000 still unissued.
'92.
DIVIDENDS.— 1'87. '88. '89. '90. '91.
'93 to July '06. Incl.
—
—
.
—
—
5
5
5%
5
15 (10 sc.)
5%(1J<Q.-J.)
30 1905 the following stocks (par value) were pledged
for the collateral trust bonds: Gold & Stock Telegraph, $1,111,800: International Ocean Tel., $1,961,500; N. Y. Mutual Tel., $2,387,700; and bonds.
Mutual Un. Tel., 6s, $3,043,000.
The funding and real estate AV s of 1900 are secured upon real estate In
2
New York and Chicago and provided for the $6,800,000 of 6s and 7s due
In
in 1900 and 1902, which have been paid off, and for construction, &c.
the event of a mtge. being made, they will be given a prior lien thereunder.
V. 70, p. 384, 1203; V. 71, p. 750; V. 74, p. 785; V. 78. p. 1451; V. 80, p.226.
LEASED COMPANIES. Under leases the company aside from other
rentals pays Interest and dividends as below:
Bonds
Lease
Int. or div.
Company, &c.
mature.
expires.
Period,
Amount.
Am. TeL & Cable stock..
No bonds.
1932 $14,000,000 5
Q
Chic. & St. Paul Tel. stk.
No bonds.
2004
100 .000
3
Empire & Bay State stk._
No bonds.
1989
Q
300,000 4
Franklin Tel. stock
2>4
No bonds.
1975
367,100
Gold & Stock Tel. stock.. Jan. 1891
Q J ..<
2,444,400 6
Bonds $500. not M.,1
Since '86, p. c.J 2
BONDS. — On June
—
%
—M
M&S
—M
M&N
—
ext. In 1905
J
& Miss. Tel
Perpetual.
Ocean Tel. stock. Jan. 1981
N. Y.Mut. Tel. stock($25). Feb. 1982
Mutual Un. Tel. 1st M.
Illinois
Intern.
500,000
1,830.150
1,015,400
ell4,300
4H M&N May 1 1910
None.
4
6
J&J
Q —J
No
bonds.
--
--
6
M&N
May 1911
6g.
fl,957,000
J&J
stk. ($50). .My 7 1980
2,500,000 6
Jan 1!,; 4
mtge.. p. & 1. guar.
1.500.000 4H J&J
No bonds.
Pac. & Atl. stock ($25)
4
541,850
99 years
A&O Nobonds.
Sou. & Atl. stock ($25)
558.575
5
999 years
the above amounts:
On June 30 1905 the company owned In addition to
Franklin Tel., $632,900; Gold & Stock Tel., $2,555,600; Int. Ocean Tel..
$1,084,600; 111. & Miss. Tel., $100,350; Pacific & Atl. Tel.. $1,458.1.'.".
bonds
Northw. Tel.
1st
Southern
J&J
&
-
Atl.. $390,47.>.
Also owns through collateral trust, viz.:
e$2. 387.700;
f
$3,043,000.
'
INDUSTRIAL STOCKS AND BONDS.
178
MISCELLA XEO VS.
IXTEREST OR DIVIDEXDS.
Date
For explanation
page of tabh
see notes
on
first
of
Par
Amount
Rate
Value.
Outstanding
%
pag
s.
—M
Virginia Iron Coal & Coke
L'nderlying bonds (see text)
V'a Iron Coal & Coke 1st
cold S 10,000. 000
Ma.c*
Va & Southw Ry 1st
52,000,000 gold gu
Mo.c*
Vulcan De tinning Pref Stock 7"„ cum
Waliham Watch Pref (as to assets) 6" u cum $$5,000,000..
Wells, Fargo & Co
Stock
Welsbach Co— Collateral trust mortgage gold $7,000,000 s f.
Western Telephone & Telegraph Common stock $16,000,000
Preferred stock $16,000,000 6
cumulative alter 2 years_.
Collateral trust gold bonds $10.000,000
OB.c*
Western Transit Co Bonds gu by X V C ext in 1003
M
—
—
—
1,000
1,000
100
100
100
100 &c
100
1900
—
%
Western
100
1902
1884
—
Union Telegraph — Stock
Collateral trust bonds
Me.c*
Funding and real estate mortgage $20,000,000 gold__F.e&r
Westinghouse Air Brake Stock $11.000,000
Westinghouse Elec&Mtg Assent stk S46. 000.000 (V71pl274)
First preferred ($4,000,000) stock 7 % cum (see remarks),.
Debenture certificates gold redeemable (see text)
Me
Bonds (deb) $25,000,000 conv s f red (see text)..
Walker Co first mortgage (see text)
Westinghouse Machine Stock authorized $10,000,000
Mortgage due $35,000 yearly
Debentures $1,500,000 gold redeemable by lot at 105
Sinking fund bonds $10,000,000 authorized
Westinghouse Foundry 1st M gu due $50,000 yearly beg '07
Wilkes-Barre Gas & Elec
1st con M red 110 (see text) .c* &r.
,000
1,000
1,000
50
1,000
1,000
1895
1899
1906
1902
1905
—
1,000
1,000
for 12 mos. ending June 30 1906:
Dividends.
Balance.
Interest.
Xet revenue.
9 mos.
1905-06 (estimated)
$7,079,948 $1,325,200 $4,868,088
$886,660
1904-05 (actual)
1,227.200
4.866,083
7,188,065
1,092,782
Total surplus (estimated) June 30 1906, $16,860,869.
REPORT.— Report for 1904-05 was in V. 81, p. 1173.
1905-06.
1904-05.
1903-04.
1902-03.
Year ending June SO.
$
$
$
$
Revenues for the year
29,033,635 29,249.390 29,167,686
Oper. exp., rent, taxes, &C-.
21,845,570 21,361,915 20,953,215
ANNUAL
Remainder
7,079,948
4,868,088
1,325,200
Dividends paid (5%)
Interest on bonds
Surplus.
886,660.
Miles
&c
50
50
50
1,000
1898
1906
1898
—
ccc
1,000
100
1,000
1888
1900
—
—
LATEST EARNINGS. — Revenue
500
7,188,065
4,868,084
1,227,200
7,887,475
4,868,071
1,157,700
8,214.471
4,868,050
1,077,700
1,092,781
1,861,704
2,268,721
—
,
WESTINGHOUSE AIR BRAKE.— ORGANIZATION, ETC.— A
Penn-
sylvania corporation.
V. 67, p. 843, 1065.
Owns $850,000 of the $2,500,000 stock of the Canadian Westinghouse Co., Ltd. V. 77, p. 1307. Stock,
formerly $5,000,000, was increased to $11,000,000 in July 1898, $5,000,000
being distributed as a 100 % stock dividend.
DIVIDENDS.— ..to '98 '99. '00. "01 to '03 '04. '05.
1906.
Per cent
25
30
24
21
20
Incl. July, 15
J 20 yearly
In 1904, Jan., 6%; since to July 1906, 5% quarterly.
As to litigation with N. Y. Air Brake Co., see V. 69, p. 181, 442; V. 70,
p. 636; V. 73. p. 1365; V. 75. p. 1359; V. 79. p. 217; V. 80, p. 2464.
Report for year ending July 31 1905 was in V. 81, p. 973, showing: Gross,
$7,958,568; net profits, $2,958,779; dividends (20 %) $2,198,215; surplus,
$760,564.
New York office, 111 B'way, N. Y.— (V. 81, p. 973.)
"I
—
WESTINGHOUSE ELECTRIC & MANUFACTURING CO. ORGANIZATION. — A Pennsylvania corporation manufacturing appliances used for
electric lighting and power purposes.
Statement to N. Y. Stock Exch. was
In V. 54, p. 763.
The company owns exclusive rights to the Tesla patents
on alternating currents. V. 61, p. 25, 153. In 1896 made agreements
with General Electric Co. V. 62, p. 502, 635, 1040; V. 68, p. 1024; V. 80,
p. 1487.)
In Sept. 1898 purchased substantially entire capital stock and all but
$850,000 of the $2,500,000 20-year bonds of Walker Co. V. 68, p. 87.
British Co.. V. 69, p. 232, 802; V. 73, p. 1114; V. 75, p. 1414; V. 76, p.
1089; report. V. 78, p. 987.
Canadian Westinghouse Co., see V. 77, p. 302
1307, and official statement. V. 79, p. 624; V. 82, p. 1042.
CAPITAL STOCK, ETC. — Stock
authorized
$50,000,000, Increased
new stock
being sold to stockholders at $55 per $50 share.
In 1903
V. 72, p. 631.
stockholders subscribed to $4,500,000 and in July 1904 to the remaining
$2,473,200 assenting stock at $80 per 550 share, the proceeds to be used for
extensions and working capital, increasing the outstanding amount to
$21,000,0110.
V. 7(1. p. 1089; V. 77. p. 827; V. 79, p. 275, 632.
Stockholders on March 20 1900 authorized an Increase In capital stock from
$25,000,000 to 550,000,000. Of the new stock $12,500,000 is set aside for
the conversion of the debentures of 1906 if required; otherwise to be sold
from time to time. V. 82, p. 755.
The nrsl pref. stock carries cum. dlvs. of 7% per annum, with right to
participate equally with other stock after the same shall have received 7 %,
and preferential as to principal. See pref. certs, in editorial of May 1893
from $15,000,000 to $25,000,000
is
in Feb. 1901, $3,000,000 of the
"Supplement ."
As to the deben. cert';, of 1898 sec V. 67. p. 324, 691 1112; sinking fund
$150,000 yearly from 1900, certs, to be drawn at 105.
No lien Is to be
,
placed on properts without providing for debentures.
In Jan. 1906 SI 5.000,ooo 5",", debentures of an authorized Issue of $25,000,0011 were sold to provide for additional working capital ami Future requirements. They arc convertible into assenting stock at 200 after Jan. 1
1910 and BUbjed to call after Jan.
Annual sinking fund
1912 at 105.
$500,000, beginning Dec. :;l 1907.
V. 82, p. 222, 396. 755. 809.
In Dec. 1:10:; 52, 000. 000 3-year 6% notes and In 1901 $1,000,000 3-year
notes, dated \ug. i, all subject to payment before maturity (the latter
at par and 2% yearly for unexpired time) were sold.
V. 79. p. 275, 511;
V. 78, p. 51.
1892 to
1902 to July
Shirr to
DIVIDENDS!*. %) 1890.
1900. 1001. May '03. 1903.
Juty 1908.
Preferred
7 yearly.
ZH 10 yearly (Q- J)
6>4
rating
l
7 vearly.
10 yearly (Q-J)
r
REPORT Fiscal year ends March 31. Net earnings incl.
cos. available for Int. and dlv. for 8 mos. ending NOV. 30 1905
Subsidiary
$2. 488, 012; ,i
earnings
years ending March ;u 1905, 88,Balance sheet Nov. 50 1905. V. 82, p. 216.
628,888.
DIRECTOR
tonl
(Chairman). Ph. Perd. Kobbe, a. \.
Iliads, x
W. Bum tead, Frank H. Taylor, 11. 11. Westinghouse, (;. W.
Hebard, .lames 11. Hyde, E. M. lien, Geo. C, Smith and George WestingI'm
Qeorgi Westinghouse; Vice Pre*., E. M. Hen Frank 11.
Taylor, L. A. O borni and Newcomb Carlton; Treas., T. W. Slemon; Sec.
\. Terry,
office. 111 B'way.
N.
(V. 82, p. 1010. 1884.)
WESI INGIIOI SI. MACHINE CO. ORGANIZATION, KT< '. -Incorma
.11
porated In 'en 11. In 188
11 01 lies, gas
glnOB, team
mechanical stokers, under Westinghouse patents.
engines and Ron<
Stock was formerly part pref,, bul Is now all ol one kind.
Stockholders
Dee. 23 1905 to Increase in auth
tocl From 88,1
,000 to 810,000,000
v. 8i p. 1855.
Dlvs ate,
D were paid to Ocl 1902, Inol;
!"" pearl} <q J). The Westinghouse Foundry Co.
to July
since
1906,
plant Is 17 miles east of Pittsburgh.
V. 7.".. p, 898, V. 79. p, 2762.
BONDS or the 5i, :,oo 000 .-,'•; ,r,,id debentures 8815.000 reserved to
retire 8%s due 1906
\
89, p 854
V. 69, p. 802
V. 69,
1
5%
777
1
;,
,
ANNUAL
•"•
1
-
.
,
,
i
,
.
I
1
;
11 11
I
'
1
1
1
.
1
1
Payable.
)
M &
5g
6,155,011(1
2,000,000
1,500,000
4,000,000
8,000,000
6,575,040
16,000,000
16.000,000
9,857.000
1,500,000
97,340,606
8,615,000
20,000,000
10,990,450
20,996.350
3,998,700
2,350,000
15,000,000
850,000
5,000,000
280,000
1,120,000
See text.
1,000,000
1,245,000
5
Pan able. and
Whom.
Where
Due.
g
See text
&
J
Q
—
&
S Bk of Manhattan Co,
do
J
do
Checks mailed
J
Last
Dividend.
Stocks
by
N Y Mch
Jan
1949
2003
1
1
Julv20'06,l
%%
D
1st div Dec 1906
& J Office ol Broadway. N Y July 16 '06 5 %
& D Phil Prov L & Trust Co June 1 1930
J
F & A 243 Wash'n St, J C, N J Aug 1 '06 2 H %
J
& J Old Col Tr Co. Boston Jan 1 1932
F & A Grand Cent Station. N Y Feb 1 1923
Q— J Office 195 B'way. N Y Julyl6'06 1 M %
do
J
& J
do
Jan 1 1938
do
M & N
do
May 1 1950
J
See text. J
5 g
5 In 1906
5g
3H
5 In 1905
5
Q—
Q—
Q—
20 In '05
10 In '05
10 In '05
5g
&
&
&
J
J
5 g
J
6 g
H) In '05
6
Q—
J
J
J
& D
& J
5g
5
M
5e
J
July 10 '06 5%
Julyl0'06 2M %
Julyl0'06 ZYt %
July 1 1913
Jan 1 1931
Jan 2 1916
East Pittsburgh. Pa
Julyl0'06
Fid Tit & Tr Co. Pittsb June 1907-14
do
do
July 1 1919
Pittsburgh, Pa
111 B'way,
N
do
do
Merc Trust Co, N
New York
Central Trust Co N Y
Office
N
.
1H%
Colon Tr Co, Pittsburgh May
Tr Co, Phila
Jan
J Fidelity
1907-27
1955
1
In Dec. 1905 $10,000,000 sinking fund bonds were authorized,
which $1,400,000 will be reserved to retire the outstanding bonds and debentures.
V. 82, p. 165, 809. Pres., George Westinghouse; Vice-Pres.,
E. E. Keller; Treas., T. L. Brown; Sec, T. S. Grubbs.
Office and works,
E. Pittsburgh, Pa.— (V. 82, p. 165, 457, 809, 1216.)
WILKES-BARRE GAS & ELECTRIC CO. Stock, $1,500,000; par of
shares $100.
First consol. 5s ($3,000,000 authorized issue) are subject to
call at 110 and interest on 3 months' notice; of the unissued bonds $1 ,008,000 is reserved to retire the $1,008,000 underlying bonds (all subject to
call at par in 1908) and balance for future requirements.
See V. 80, p. 226.
Franchises are perpetual and exclusive
Calendar year 1905, gross,
$297,595; net, $156,153; charges, $109,487; bal., sur., $46,666.
EARNINGS.— 5 mos. ,"11906
Gross $134,645; net, $60,783.
Jan. 1 to May 31.
Gross,
109,570; net,
52,807.
J1905
Pres., Robt. L. Forrest; Sec, T. F. Wickham.
Office, Wilkes-Barre,
Pa.
(V. 82. p. 285.)
p. 1252.
of
-
—
—
of
Poles &c. Miles of Xo. of
Year.
Cables.
Receipts.
Wire.
Profits.
Offices. Messages.
1866-67
46.270
85,291
2,565 5,879,282 $6,568,925 $2,624,919
1892-93
189,936
769,201 21.078 66,591,858 24,978,443 7,496,037
1903-04
199,350 1,155,405 23,458 67,903,973 29,249,390 7,887,475
1904-05
200,224 1,184,557 23,814 67,477,320 29,033,635 7,188,065
DIRECTORS. Thomas T. Eckert (Chairman), Robt. C. Clowry (Pres.l
Geo. J. Gould, J. B. Van Every and Thomas F. Clark (Vice-Pres.) A. R.
Brewer (Sec), John T. Terry, Russell Sage, Samuel Sloan, Edwin Gould,
Louis Pitzgerald, Frank J. Gould, J. Pierpont Morgan, Charles Lanier,
Chauncey M. Depew, Henry M. Flagler, John Jacob Astor, Oliver Ames,
C. Sidney Shepard, Jacob H. Schiff, James Stillman, Wm. L. Bull, James H.
Hyde. Morris K. Jesup, E. H. Harriman, Samuel Spencer, Howard Gould,
John J. Mitchell and Henry A. Bishop. Office, 195 B'way, N. Y. City.
(V. 82, p. 396, 639, 1384.)
— Bonds——
When
pal.
When
520.000
1899
1902
LXXXIII.]
.
Prlncl-
Size, or
Bonds
column headings, &c.
of
Vo
INDEX TO ADDITIONAL COMPANIES.
Latest Items in "Chronicle. "Vol. Page.
Amer. Asbestos & Fireproof.82
82
American Caramel
71
American Confectionery
American Cereal
82
Amer. Consolidated Copper. 82
83
American Glue
Amer. Hawaiian Steamship. 80
Amer. LaFrance Fire Eng..82
74
American Lumber
Amer.Mutoscope & Biogr'h_70
70
American Rice
American Seating
82
American Screw
82
74
American Sparklets
Ames Shovel
Armour & Co
73
78
83
78
81
80
Associated Oil Co
Atlas Tack
Baltimore Brick
Berlin Paper Mills
Borax Consol.. Limited
81
81
91
231
1377
1364
1437
1102
Brooklyn Borough Gas
& Elec.Corp__"St.Ry. Sec.
71
1117
Carter-Crume Co
333
76
Casein Co. of America
83
92
Central Coal & Coke
238
Central Hudson Steamboat.71
625
Central Oil
78
Chicago Railway Equip't ..78 1273
729
Edison Electric .74
Cincinnati
1441
Cincinnait Gas & Electric. .82
Calif.Gas
City of Chic. Brew. & Malt. .82
Cleveland & Sandusky Brew82
82
Clyde Steamship
Colum'n Elec.CarL.& Brake.70
76
Columbus (O.) Edison
Columbus Gas Lt & Ht.Co.82
.
of America77
Consol. Teieph. Cos. of Penn.81
Continental Cotton Oil
70
Computing Scale
Continental Ry. Equip't
Contra Costa Water Co
79
83
Denver Union Depot
69
82
82
Dering Coal
Diamond
State Steel-
Eastern Milling & Export
Eastern Steamship
Electric Bond & Share
Electric Corporation
79
82
82
78
82
Electric Properties
Electrical Securities Corp.. 81
Electro- Pneumatic Transit .75
Equitable Life Assur, Soc.81
Federal Sugar Refining
80
82
Federal Telephone
74
Flemlngton Coal & Coke
Gottlieb- Bauern Straus Brw82
80
Gerat Northern Paper
79
Great western Cereal
Guiley (J. m.i Petroleum 82
Guggenheim Exploration ..83
Hammond
(G,
11.)
Co
75
Harbison-Walker Refract
\s
Ma. per & Bros.
Hosier Colum.Aas'n Brew
Houston
81
82
82
83
79
(111
Hudson River Telephone
Hudson River Water Power82
83
See Chlo.
Sub. Co. under " Railroads."
Illinois Midland Coal ..
B2
82
ngersoll-Rand Co
Internal Auto It Veil. Tire. 70
car Wheel
74
International
Internal Smokeless I'oudei
82
A: Ohera
8
Jersey Cll y Water Supply
Jones ,V l.aughlln Steel Co 82
Kanawha & Hocking Coal &
Illinois Uriel;
Illinois Tunnel.
103
572
807
178
1145
394
456
214
688
1464
157
494
454
1500
1268
337
221
40
1104
779
290
2 14
663
1500
729
1
2
1
19 7
5
1
2387
1272
40
293
1720
63
695
99
207
932
153
.1
;,:,
872
999
271
.82
79
83
Klrbj Lumber
77
Snoxvllle Gas
Lincoln (,'as & Electric ...78
79
LouIm llle
77
Manhattan Transit
Marconi u lrelessTelegraph.81
...78
Mexican Cold .V Coke
.82
Mexloan Llghi & Power
Mllllken Bros., N. V
82
I
1.
I
.
.
,
.
.v-
1
1
en
.....
81
lulled Nat. Gas Corp.,PItts.82
lilted Coal, Pittsburgh
82
United Gas & Electric (N.J.) 83
1491
Ton iiigtou CO
I
c
.
-
Milwaukee
Tidewater Steel
82
Toledo Gas Elec. & BZeatlng.82
1
Coke
Kansas City Stock Yards
Items in "Chronicle." Vol, Page.
& Chicago Brew. 82
455
Minneapolis General Elec. 82
573
Monongahela Light & Pow_73 1163
National Car Wheel
81
1104
National Fireproofing
76
751
National Gramophone
618
73
National Lt. Ht. & Power. 80 2402
National Sugar Refining
72
483
New England Brick Yards. 79 2699
New Haven Iron & Steel
79
1268
N. J. Term. Dock & Imp
82 1159
New Jersey Zinc
74
99
New Orleans Brewing Co ..80 2462
New Orl. Gas Light.. "St. Ry." Sup.
Newport News Ship-Building & Dry Dock
1305
76
N Y. & Ontario Land.. Sup. Jan 1900
N. Y. & Penn Tel & Tel
82
695
Nlpa Bay, Cuba
82
1382
Nor. Ala. Coal, Iron & Ry..72
242
North AmerLumber & Pulp76
590
Northern California Power. 80 1320
Nova Scotia Steel & Coal
696
82
Oceanic Steamship
100
83
O'Gara Coal
512
81
Ogden Gas Co. of Chicago.. 78 1785
Oil Well Supply
1044
82
Omaha Elec. Light & Pow.77
301
Park & Tilford
1382
82
Passaic Steel Co., Paterson.83
100
Pearsons-Taft Land Credit.77
826
Pennsylvania Furnace
226
80
Pennsylvania Sugar Refin._78
992
Pittsburgh Brewing
81
1491
Pittsburgh Oil & Gas
92
83
Pittsburgh Plate Glass
396
82
Planters' Compress Co
78 2602
Pocahontas Consolidated.. 82 1273
Publishers' Paper
872
82
Pure Oil
1 1 60
82
Quaker Oats
696
82
Railway Automatic Sales. .75
33
Rapid Transit Ferry.
1134
68
1300
Reece Buttonhole Machine. 80
856
St. Joseph Stock Yards
73
St. Louis Consol. Elevator .69
75 7
St. Louis Nat. Stock Yards. 82
937
St L.Term.Cup.Stat. & Prop .8
1104
Schoenhofen (Peter) Brew.Co77
827
Schwarzohlld & Sulzberger
Co
.83
34
Scacoast Packing
256
..78
Seattle-Tacoma Power
1273
82
Sharon Steel
1227
78
Shlllito (John) Co. of Olu.,-69
229
100
Southern Indiana Coal
83
Southern Steel Co
696
82
Standard Chain
790
79
Standard Steel Car
...80
1179
si andard Typewriter
737
79
stand. Underground Cable. 82
338
1854
Stanislaus Electric Power Rl
Stetson (John B.) Co .. ...81
1854
Stove
Range Co., Pitts. .82 1273
99
Street's W. Stable Car Line 82
Street Ry. & Ilium. Prop.. 77
5 3
Susquehanna iron & Steel. .77 2102
87
Tacoma Laud & [mprove't 77
42
Tennessee copper
83
T atest
1324
102
1014
754
1324
153
560
1324
96
431
585
1158
1498
885
393
1225
1387
c.
108
lol
s.
s.
l>.
1
I
Bobbin
do
U.S.
Glass
81
80
88
'riming
82
smelt Renn.4 Mining. 82
Telephone
83
Fuel
7.S
.
1
1443 U. S.
2080 c. s,
99 Utah
ilea Gas & Electric
1297
78
86 \ andalla Coal
82
2799 Victor Fuel
_
_
_
..
82
2101
nlted Gaa. & Blec.CoSl
582 w hlte Mountain Paper
80
1909 \\ lilt ney < onipany
1882 VoungStOWn Iron Sheet A
102
I
8
,N75
I
153
93 7
Tol
153
20 15
10
-
1
.
,s
12 15
449
1320
1209
Shuttle
S. (.\ psuin
U. S. Indep. Telephone
575
Tube
I
81
28 5
12 16
1052
181
1
1244
72
July
RAILWAY STOCKS AND BONDS.
190G.J
RAILROAD COMPANIES.
SUPPLEMENTARY— See
also Tables 9 to 152.
INTEROCEANIC RY.OF MEXICO. LTD.- Vera Cruz to Mexico City, Mex.
342 miles; Los Reyes to Puente de Ixtla, 123 m.; Los Arcos to Cuautla. 102
m.; Atencingo to Tlaneualpican, 12 m.; San Nicolas to San Lorenzo, 11 m.;
Virreyes to San Juan de los Llanos; 7 m.; Mexican Eastern Ry., 139 m.;
total," 736 miles.
In Nov. 1901 the Mexican Eastern Ry., Limited, was formed, with £10,000 share capital, all owned by the Interoceanic, and purchased the narrowgauge line from San Marcos to Tezuitlan, 79 m., and built from Virreyes to
San Nicolas, 61 m., the whole being- leased for 80 years for a rental sufficient
to meet the general expenses and interest on the debenture capital, of which
£400,000 has been issued for purchase and extension of the road, and in addition, after 1920, a fund toward the redemption of the debenture stock. The
company will have the right after June 1 1914 to purchase the Mexican
Eastern Ry. by redemption of debenture stock. V. 73, p. 1263.
ORGANIZATION.— In 1896 reorganized per plan in V. 62, p. 364. In
V. 75, p. 793, 907, 981.
Sept. 1902 Mexican Gov't secured control.
The Nat. RR. of Mexico in 1903 acquired practical control, owning £1 ,038,400 of the second debentures, £907,500 ordinary and £102,000 cumulaV. 76, p. 1192; V. 77, p. 769. Consolidation with the
tive preferred stock.
National Company was authorized in 1903.
SECURITIES. On Dec. 14 1900 £1 ,300,000 of 4 H % 2d debenture stock
was authorized. See circular, V. 71, p. 1120, as to rights, &c. Of the second debenture stock £150,000 was sold to the shareholders and £1 ,000,000
to the Gov't of Mexico at 90 % % (since acquired by Nat. RR. of Mex. as
above stated) to retire the £735,391 7 % "A" debenture stock called for payment on Mch. 31 1903. V. 75, p. 907, 981; V. 76, p. 382.
EARNINGS. 5 mos.,1 1906
Gross, $2,877,828; net, $937,897.
Jan. 1 to May 31.
Gross, 2,720,641; net, 657,163.
J1905
For calendar year 1905, gross, $6,193,554; net, $1,546,727. In 1904,
gross, $6,134,182; net, $1,354,072.
Net.
Net in £.
Year ended June 30
Gross.
1904-05
(Mex.) $6,086,107
(Mex.) $1,330,348 £138,832
1903-04
(Mex.)
6,032,595
(Mex.)
1,488,037 £147,627
Net revenue account for 1904-05 showed £72,472; Int. on 4 Y % second
2
deb. stock, £51,750; div. (4^ %) on "B" debenture stock, £21,125- bal.,
def., £403.
Sec, C. E. Scruby; Treas., H. Friederichsen, 9 New Broad
St., London.
N. Y. office, 60 Wall St.— (V. 81, p. 1665.)
—
,
—
—
—
KENTUCKY & TENNESSEE RY. Projected from Stearns, Ky., wseand southwesterly into Tennessee, about 60 miles, of which 9 miles
completed and 12 under construction March 1906. Stock (?)
Bonds (see table above) cover road, 38,697 acres of timbered lands in
Tennessee, timber and coal rights on about 23,000 acres in Kentucky, coal
mines, electric-light plant, etc.
They are unconditionally guaranteed,
principal and interest, by the Stearns Salt & Lumber Co. and Justus S.
Stearns, of Ludington, Mich., and mature Sept. 1 1908-12, $30,000 annually; 1913-17, $40,000; 1918-23, $50,000; but are subject to call on any
interest dav at 105.
V. 81, p. 974. 1100. Pres., J. S. Stearns; Sec. and
Treas., R. L. Stearns.
(V. 81, p. 975, 1100.)
terly
—
LANCASTER OXFORD & SOUTHERN RR.— Oxford.
Pa., to Susquehanna, 20 miles, being rebuilt late In 1905. Extension to Quarrvville was
completed in spring of 1906. Stock, $200,000; par, $100.
Bonds, see
table above.
Year ending June 30 1905 (20 m.) gross, $16,088: net, $2,809;
int. on bonds, $10,000.
Pres., Walter M. Franklin: Treas., J. W. Bausman; Sec, Jacob B. Long. Office, Lancaster Pa. (V. 81, p. 1665.)
,
—
RAPIDS RR. — Manistee
MANISTEE & GRAND
to Marion, Mich.,
73 miles, of which Hartwickto Marion, 10 m., opened Dec. 1905; Filer City
to Sands, 2 m.; total, 75 m.
Extension projected from Manistee to Grand
Rapids, 116 m.
In Oct. 1904 Chicago parties secured control.
V. 79, p.
1642.
Stock authorized, $1 ,000,000; outstanding, $450,000; par of shares,
$100.
Bonds, $100,000 first 5s, due annually 1902-05. For year ending
June 30 1904, gross, $97,325; def. under oper. exp., $3,474; total deductions, $8,042: bal., def., $11,516.
Pres., J. Crocker, Chicago. 111.; V.P.,
and Gen. Mgr., Max Toltz; Sec, W. M. Simpson; Treas., B. C. Sammons.
Office, Manistee, AUch.
(V. 79, p. 2588.)
—
MANITOU & PIKE'S PEAK
RY.
Peak, 8.9 miles, 'standard gauge.
Col., to summit of Pike's
— Manitou,from April to November,
Operated
Stock, $500,000; par of shares, $100.
In April 1905 all coupons
For year ending June 30 1905, gross, $89,733; net
$30,428; total deductions, $26,978; bal., sur., $3,450.
Pres., C. W. Sells.
yearly.
due had been paid.
Office,
Manitou, Col.
— (V.
71, p. 646.)
— (V.
80, p. 711, 1058.)
of Mexico to Vera Cruz, 264
Puebla branch, Apizaco to Puebla, 29 miles; Pachuca branch,
to Pachuca, 28 miles; total, 321 miles.
Ometusco
ORGANIZATION. — Incorporated
DIVS. on
1st pref
1897
(%)
'98
2 5-16
2 \i
EARNINGS.— Jan.
'99
Aug. 20 1864 as Imperial Mex. Ry.
1900 1901 1902 '03 1904 '05
3H 3^2
7-16
1%
2
5 3-16
5%
1906
May3,l-16
to Dec. 31 1905, 12 months (Mexican currency),
gross, $6,258,500: In 1904, $0,104,342.
For year 1904, gross, $6,104,342,
against $5,516,861 in 1903; net above oper. expenses, $2,615,084: total net
revenue, £252.505; deb. Interest, £120,000; div., hV %, £139,475.
2
1
Sec, John T. Denniston, London, England.
Broad St., E.
(V. 66, p. 1001.)
C—
—
PANAMA
London
offices,
New
45
MEXICAN SOUTHERN RAILWAY, LIM ITE D.— Puebla to Oaxaca.
Mex., 228 m.; sidings, 11 m.; all narrow-gauge; branch, 32 m., Tehuacan to
Esperanza; other, 3 m.; total, 262 miles.
ORGANIZATION. Chartered in 1889. Concessions commuted by
payment in 1892 by Mex. Gov. of $8,000,000 6% 50-year silver Mex. Gov.
bonds, which were called and paid on May 31 1905. The road passes
June 8 1990 to the State without payment, except for stations, rolling
stock, &c. V. 79, p. 2642. In 1896 reorganized per plan in V. 63, p. 229.
SECURITIES. The 1st debenture stock was redeemed Feb.
1905 at
110% from proceeds of $8,000,000 Mexican silver bonds, deposited under
trust deed.
V. 79, p. 2642; V. 80, p. 222.
Interest on 2d debentures Is
payable only out of profits on Feb.
and Aug. 1. On ordinary shares 1 %
was paid for year ending Mar. 31 1897; year 1897-98, 1 ii %; 1898-99, 1 14 %:
1899-00, 2%: 1900 in, 2',
1901-02, 2 <i %; 1902-03, 2%: 9 mos. ending
Dec 31 1903. 114%; 1904, 2'^%; cal. year 1905, 2.4%.
EARNINGS.— For year ending Dec 31 1905, gross, £122,158; net,
£45.227; total net income. Including interest on $8,000,000 Mex. Go\ sub-
—
—
1
",',;
.
vention bonds. Ac.. £6.">, 413; charges, £28.154: div. (2 '",,!. £25,000;
balance, forward. £9,086; transferred to renewal and contingency fund.
£7,000: balance, £14,344. .Ian.
to June 21 1906,
months (Mexican
currency), gross, (598,980; In 1905, $588,835.
OFFICERS. Chairman, Sir Ernest Paget; Sec, Thos. Linton, 53 New
Broad St. London E. C. (V. 79, p. 2642; V. 80, p. 222.)
JERSEY &
YORK RR.— Owns from Erie Jet.. N. J to
Garnervllle, N. Y., 29 miles; branches to New City, &c. 5 m.; operates to
Haverstraw. &c, 14 m.: total operated. 48 miles. Erie RR. In April 1896
purchased control. Stock, $1 ,440.800 com., $787,800 pref.; par, $100. Control Is with pref. stock and 1st mtge. till 6 % has been paid on pref. for three
Year ending June 30 1905, gross, $415,278; net, $91,702; Interest,
years.
&c, $70,086; bal., sur., $21.616. (V. 65. p. 822.)
JERSEY & PENNSYLVANIA RR.— Whltehouse to Morrlstown,
N. J., 26 miles. A consolidation of Rockaway Vallev Rv. and Speedwell
Lake RR. Incorporated Dec. 21 1804. On Mch. 1 1906 Frederick V. Pitney
of Morrlstown, N. J., was appointed receiver. V. 82. p. 510, 692. Receiver's
certificates not exceeding $1,500 at any one time were authorized. V. 82.
p. 692. Stock. $210,000; outstanding, $145,000. The $1 ,000,000 mtge. (see
above) was made to pay all outstanding obligations and $125,000 Rockaway
—
NEW
NEW
">
;,
i
—
NEW
.
—
— Colon to Panama and
La Boca, 50
miles, 5-foot gauge.
S. Gov't owns the entire $7,000,000 cap. stock. V. 78, p. 1785; V. 80,
p. 163, 1235. The traffic agreement with the Pacific Mall SS. Co. terminated
July 12 1905.
V. 74, p. 1252; V. 80, p. 872, 1479, 1913.
'88. '89. '90. '91. "92. '93. '94-00. '01. '02. '03. '04. 1905.
DIVID'S.
5
5
2
None
4
4
Feb. ,5
23
9
2
2
Since 1887
—
6^
BONDS. — The mortgage of 1897 for $4,000,000; sinking fund, $150,000
yearly; bonds may be drawn for sinking fund or as a whole at 105. V. 65,
%
is
See V. 66, p. 1046; V. 79, p. 904; V. 81 p. 1551.
The subsidy bonds are secured by an assignment and pledge made by the
U. S. of Colombia (now assumed by the Republic of Panama) to the trustees
of $225,000 annually, of the annual subsidy or rental to that extent payable
to said Government by the company, and are drawn and paid off on Nov. 1
yearly with any surplus of the subsidy not needed for interest. V. 64, p. 705.
EARNINGS. For 10 months ending Oct. 31 1905, gross RR. earnings,
$1,912,553; net, $698,943: net steamship line, $58,739; other Income, $24,
777; charges, &c. $428,201: bal., sur., $354,248.
ANNUAL REPORT.— Report for 1903 In V. 78, p. 1387:
Charges,
Surp.Jnel.
Year
Gross RR.
Net. RR.
Net of
Other Inc.
Steamships.
&c.
to Dec. 31. Earnings.
Earnings.
$710,895
1904
$895,852
$1,577,337
$850,298
$209,193
1903
833,637
401,068
1,267,571
705,331
53,310
The charges above In 1904 Include: Subsidy payment, $25,000: Interest on
(V. 82, p. 219.)
bonds, $154,581; redemption of bonds, $321,780, &c.
p. 516.
,
—
—
PITTSBURGH & WESTERN RR.— (See Map Bait. & Ohio.)— ROAD.
Owns Allegheny, Pa., to New Castle, Pa., 59 miles; standard-gauge branches
to Foxburg, 59 miles; 3-ft.
total owned, 219 miles.
gauge
lines to
Mt. Jewett,
etc.,
101 miles;
STATUS. — Road sold on Oct. 9 1901, under the 2d mtge. and reorgan& W. RR., B. & O. pledging as part security for its own Pitts.
Lake Erie & West Virginia system 4s the entire $13,500,000 of new
ized as P.
stock, $7,318,000 of the $9,700,000 first mtge. 4s of 1887, $81,000 old
6s (all), $136,900 of the $219,000 Pitts. New Castle & Lake Erie 4s due
1917 and $3,500,000 new mtge. bonds of Pitts. & West. RR. V. 73,
In June 1905 holders of the remaining $2,382,000 1st 4s
p. 445, 783.
were offered the right of exchange for B. & O., Pitts. L. E. & W. Va. 4s
or payment in cash.
Equipment trusts July 1 1905,
V. 80, p. 2345.
$241,000.
TEXAS SOUTHERN RY.— Marshall, Tex., on Tex. & Pac, to Winnsboro, on the M. K. &T., 72 miles.
On July 11 1904 S. P. Jones of Marshall,
Tex., was appointed receiver. Claims approved amounted to $726,000.
V. 79, p. 271, 787, 905, 1333. Foreclosure sale was postponed to Aug. 7
1906; the rolling stock was bid In at $22,000.
V. 81, p. 1725; V. 82, p. 629.
On Dec. 22 1904 $100,000 receiver's certificates were authorized; in Feb.
1905 $150,000. V. 81, p. 1725. Stock, $79,980.
Bonds outstanding, $271,000 first 30-year gold 5s, dated July 1 1902;
July 1904 interest In default; balance of $792,000 Issued being used as collateral.
Coll. trust
gold certificates ($375,000 authorized), each
$1,000 certf. secured by deposit of $2,000 of the 1st 5s; outstanding, $175,000; U. S. & Mexican Trust Co., trustee.
See V. 76, p. 159. Car trusts
June 30 '04, $33,000. For year end. June 30 '05, gross, $142,357; net, $33,553; int. on bonds, $13,550; bal., sur., $20,003.
(V. 83, p. 511, 629.)
7H%
—
— Owns from Bristol, Va., northand southerly to Mountain City, Tenn., 134 miles.
VIRGINIA & SOUTHWESTERN RY
erly to Big Stone Gap
In June 1906 contract was let for extension from Moccasin Gap to Persia,
Tenn., 38 miles.
Stock, $2,000,000, all com., of which half owned by Virginia Iron, Coal
& Coke Co. (see miscellaneous companies In this "Supplement") which
guarantees the bonds unconditionally, principal and interest. V. 75,
Car trusts. $1 18.250 5s, maturing monthly
p. 348, 398, 736: V. 76. p. 273.
Feb. 1 1906 to Oct. 1 1908: also $325,000 5s, due monthly Feb. 10 1906
Virginia & Southeastern Ry. (projected), V. 80. p. 223.
to May 10 1910.
EARNINGS. 11 mos. ,11905-06
Gross, $920,775; net, $369,381
Julv 1 to May 31.
239,453
Gross,
610,033; net,
J1904-05
Report for year 1904-05 In V 81, p. 1433, showing: Gross, $679,532;
net, $251,780; ch'ges, $131,874; bal.. sur.. $119 906.
(V. 81, p. 1433.)
,
—
—
WABASH CHESTER
&
WESTERN RR.— Chester,
111., to Mt. Vernon,
Stock $1,250,000; par, $100. Coupons due July 1894.
65 miles.
paid Julv 1896; none paid since.
Year ending June 30 1905, gross, $110,086;
net, $22,458; int. on bonds. $34,500; taxes, $6,515; bal., defi, $18,557.
—
WARREN
& CORSICANA PACIFIC RY. Warren to Campwood, Tex.
20 miles: extension projected from Warren to Corsicana, about 150 miles.
Stock, $100,000; par of shares, $100.
In Nov. 1901, application was
made for authority to Issue bonds at $15,000 per mile. In Feb. 1905,
V. 80, p. 999.
S. F. Carter and W. H. Norris were appointed receivers.
For year ending June 30 1904, gross, $40,091; def. under oper., exp.,
(V. 80, p. 999.)
$10,984.
—
WARREN
RR., N. J.— New Hampton Jet. to Dela. Bridge, N. J., 18.8
Leased In perpetuity to Dela. L. &. W. at 7 % on stock and interest
on bonds. See form of guaranty, V. 72, p. 628. (V. 80. p. 999.)
—
WASHINGTON CENTRAL
—
—
RY. (See Maps Northern Pacific.) Owns
Wash., 109 miles; branch from Coulee City
road, Cheney to Coulee City,
to Adrian, 21 miles; total, 130 miles.
Reorganization in Jan. 1898.
Leased in 1898 to Northern Pacific for 999 years at rental sufficient to pay
interest on 50-year gold 4s, to be issued at $15,000 per mile.
(See V. 66,
Nor. Pac. owns entire $1,000,000 stock.
(V. 67, p. 691.) •
p. 953.)
—
— (See
WASHINGTON & COLUMBIA RIVER
RY.
•
Maps
North, rn
Pacific.)— Owns road from Dayton, Wash., to Pendleton, Ore, 128 miles;
branches, 35 miles; total, 163 miles.
Mill Creek Valley RR., 6 miles,
was acquired In Sept. 1905. Stock is $3,000,000; par, $100. Additional
first 4s may be Issued for extensions at $20,000 per mile.
(V. 61, p. 70.)
Nor. Pac. Ry. owns all the capital stock and Income bonds. In 1904-05;
paid 4 % on Incomes.
Year ending June 30 1905, gross, $517,975; net,
(over taxes), $205,681; int. on first mtge. and income- bonds, $189,720;
sur. for year, $15,961.
(V. 66, p. 426.)
—
WASHINGTON COUNTY RY.— Owns
Washington Jet., on the Maine
Central RR., northeasterly to Calais, Me., 103 miles: branch to Eastport,
l.">
miles, and Princeton, 19 miles— total, 137 miles.
V. 77. p. 2340.
The Maine Central owns the $2,500,000 stock and guarantees the bonds,
principal and Interest, by endorsement, but road Is operated Independently.
Bonds are issuable at $20,000 per mile, being subject to call at par and
Interest on .Ian. 1 1924.
For vear ending June 30 1905, gross earnings
were $350,570: net. $83,039; fixed charges. $89,596; bal.. def.. $6,557.
(V.
l
1
RR.
The U.
,
m.
MEXICAN RAILWAY, LIM ITE D.— City
miles:
Valley bonds due Apr. 1 1906, mostly retired.
The Corporation Trust Co.
V. 80, p. 222. The bonds were issued,
of New Jersey Is mortgage trustee.
but In Apr. 1906 were held In the treasury. Gross earnings, 1905, were about
Louis E. Spencer. Office,
$78,000.
Pres., Chas. V. Flint. Sec. and Treas
(V. 82, p. 510. 692, 752.)
37 Wall St.. New York
111.,
MARYLAND DELAWARE & VIRGINIA RY.— Operates Love Pt. to
Lewes, Del., 72 miles; Queenstown Jet. to Centervllle, Md., 5 m.; total, 77
m., of which Lewes to Rehoboth, 6 m., is Pennsylvania trackage. Also
owns 14 steamers running between Baltimore, Washington, points on the
Potomac River, the Rappahannock River, Patuscent River and Norfolk.
V. 79, p. 1642, 1704, 2589; V. 80, p. 600.
Stock, $3,000,000, of which one-half each of common and 4 % non-cum.
pref.; par of shares, $50 each.
The Bait. Ches. & Atlantic owns a majority
of the stock and guarantees bonds.
For 11 mos. ending Dec. 31 1905,
gross, $659,513: net, $27,864; other income, $1,631; charges, $91,487;
bal., def., $61,992.
179
78,
p.
989.)
WASHINGTON
&
FRANKLIN R Y.— Hagerstown,
Md., to Qulnsonla,
1898 and extended from Qulnsonla to Zumbro, 5 miles.
The line Is leased to Western Md. for Interest on bonds
and 5% on $15ip.oiio stock. The Reading Trust Co. Is mtge. trustee.
(V. 72, p. 676; V. 70. p 47»- V. 73, p. ;v.t2.:
Pa., 14.37 miles: was built
hi
WEATHERFORD MINERAL WELLS
Owns Weatherford
&
NORTHWESTERN RY.—
to Mineral Wells, Tex., 23 miles.
Extension Is contemplated from Mineral Wells to Jacksboro and Graham, 70 miles. Controlled by Missouri Pacific Interests.
The Texas &
Stock, $100,000.
Pacific guarantees the bonds ($1,354,11011 authorized issiici
principal and
Interest, by Indorsement.
V. 75, p. 908, 1856.
See form V. 78. p. .'III.
lor year ending June 30 1905, gross, $96,203; net. $ 45,;sol other Income,
George J. Gould;
$4,603; charges, $41,722: bal., sur., $8,681.
Pres.
,
;
W. Boot. — (V. 78 p. 50, 344.)
WEST VIRGINIA & PITTSBURGH RR.— (.Sec yfapBalt. & Ohio.) —
Clarksburg, West Va., to Riehwood, W. Va., 120 miles, with branch, 6
Sec.
and Treas..
J.
miles: also from Western via Buckhannon to Pickens, 50 mil's, total,
176 miles.
Leased to reorganized B. A: O. for 999 years from Sept. 1 1"
per plan In V. 67, p. 1810, for 4 % on the mtge.. all except $10,000 bonds
being stamped with agreement reducing the Interest from 5 to 4":; option
Com..
to retire bonds at par expired Sept.
V. '-,<», p. 439, 646.
1904.
82,500,000, and pref., $'.100,000, all deposited bv Bait. & Ohio under
Its own Pitts. L. i:. <S:. West Va. s-.
Mtge. covers road and
equip, and 134,842 acres of timber, coal and mineral lands In Weat \ a.
(V. 71. p. 810.)
1
-
BANKS, TRUST
180
NEW YORK AND BROOKLYN BANKS.
Amount.
Par.
Century. a
Chase
Chatham
Chelsea Ex.
Chemical
Cen.
City
Coal & Iron..
Colonial.a
Columbia.^
.
Consolidated.
Corn Exch.a.
Discount a _.
Kast River ._
Fidelity, a ._
Fifth
Fifth Ave.a.
First
Fourth
.
German- Am a
German Ex.u
Germania.a _
Greenwich a.
Hamilton a..
Hanover
Imp. & Trad.
Interboro a..
Internat a
Irving
Jefferson a _.
Liberty
Lincoln
Manhattan a.
Mkt. & Fult.
Mechanics' ..
Mech. & T.u.
Mercantile ..
Merchants' ..
Merch. Exch.
Metropolis a.
Metrop'n a u
c
Mt. Morris a.
Mutual
Nassau
a
a
v
New Amst
New York
N. Y. County
N. Y. X. Ex.
Night & Daya
Ward
10th
..
No. America.
Northern
Oriental a
Pacific a
Park
People's a
I'lienix
Plaza a
Prod. Ex.a..
Riverside a._
Royal a
Seaboard
Second
Stioe & L_u_.
State. a
34th Street.
12th Ward a.
23d Ward a..
100
Union Ex.a..
United_J
100
a__
100
100
West Side .a.
100
Yorkville a..
100
ash.
II.
._
20
Q.— F.
Beg. bus
y.
F.
20
9
No
—
&
J.
Ap
Org.
&
.1.
12
6
J.
r. '01
J.
16
16
J.
—
y.
Beg. bus
Bi-mo.
& J.
M. &N.
513 ,714 Beg. bus
355 ,501,J. & J.
419 ,611) J. & J.
Apr
.
150
20
10
20
100
100
50
50
May
.
.
8
iness
lers.a
Manufac'rs'
Mechanli
Merch
a
.
July '06.
May
April
,
'05.
&
580 ,408!j.
100
<i
750
North Side a
Peop
Pi 0'
Park .u
loo
50
100
100
100
100
1O0
100
.
Kill,--, 'd.a k
I
Wa
7th
Terminal
I
'nion
a
'I
bWallabo
100
2,161
1,565
2,699
1,458
3,464
J.
y.— J.
y.— F.
,802
,811
,044 J.
&
&
,947|J.
!)1)8 J.
390 400
16
J.
9
8
J.
July
July
May
12
10
10
18
12
10
July
July
July
July
July
8
.
,
j
—
453
328
294
533
107
28
108 .1.
4091 J.
114 J.
381) A.
308
724
1,170 573
1,673 056
(u)
1,186
206
172
117
1
35 4
&
&
&
J.
J.
J.
O.
y.— J.
& J.
& J.
Q.—J.
309 J. & J.
617 Beg.bus
998U. & J.
151 I'. & A.
J.
J.
119 016
376 230
632 000
J.
12
J.
lilt
874 656
11)6
89
I
&
j.
&
y.—
M. &
>,!,
5
.'10
14
8
Oct.
Beg.bus M
F. & A.
25 112 Beg.bus
,039 55
1
l/,,
J.
J.
<*
&
.1.
J.
Hi
3
16
6
8
6
N.
26 Beg .bus
,
16
12
16
15
in
3
16
J.
j.
j.
Id)
1
7
14
680 336 y.— M.
676 734 '...
J.
007 735 Ja&M'j
1/
12
7
J.
J.
J.
a
6
'04.
'05.
6
Dec.
5
5
'0 5.
6
100
100
100
100
30
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
cLaw.T.I.& T.
Lincoln
Manhattan
_.
Mercantile
Metropolitan.
Morton
Mut. Alliance
N.Y.Lf.I.&Tr
New York..
Nor. Amer.e.
Standard..
Gu.& Tr
Am.c
Tltle
Tr.Co.of
Union
U. S. M. & Tr
United States
Van Norden.
Washington .
Windsor .
Brooklyn.
Brooklyn..
Citizens'
Hamilton
Home
Kings County
I.
&Tr_
L.
Nassau
Peoples'.
July'06. 3 J4
July '06. 3
6
June
See note u.
V.77, p. 229
..
May
'06.
July '06.
'06.
July '06.
July '06.
July '06.
Aug. '06.
May
25
2
V.82,pl016
l
Dee. '05 2 A
July '06. 4
74, p. 1065
July '06. 5
.
Aug.
'06.
Williamsburg
July
July
•06.
'06.
Julj 06.3
July
V.82
July
July
Jan,
Jan.
'06.
.
3
7
'
7
p. 312
'06.
•06.
'06,
'05.
Capital.
German- American
German-Alliance
.
Germanla
Hamilton
Hanover
15
50
100
50
100
Home
Nassau
New York
Niagara
North River
Peter Cooper
50
25
20
50
25
25
10
50
I'lienix
SI uj \ esant
United States
Westchester
Williamsburg City
July 06.2 '
July '06. 3
Nov, 05.
V.70 ,1)1617
V.81,p.l527
July '06. 3
June'06,3 M>
8
.
Apr
.
Jul.
'06.
4
12
10 !Aug.'06,2J-2
12
.
'05.
'05.
10H
12
10
10
6
8
12
8
12
See note /.
V.81,p.l31.
Aug. '06. 3
July '06, 2^
2
Aug. '06. 4
May
'06.
1
July '06. 2
8
Ug, '05.
1904. 1903.
$
500,000
504,977
7
July '06.
4
July 06.22 K>
None July 06.
3
30 July '06.
15
6
10 July '06.
'06.
20 July
10
8
30
36
200,000
88,345
None
,500,000 6 ,442,675
400,000
629,132
,000,000 2 ,889,661
150,000
4,328
,000,000
025.5 16
,000,000 8 ,720,501
200,000
251,458
61,682
200,000
750,000 1 ,8 10,455
350,000
150, OOO
9
36
3
30
10
30
16
20
10
None
6
3
10
14
10
9
14
20
Jan. '04.
Jan. '06.
July '06.
10
10
July '06.
5
Feb. 06.
Jan. •06.
Apr. 06
3H
Aug. '06.
July '06.
5
5
3
3
8
6
7
7
20
20
20
440,895
8
8
9
81 ,906
,500.000 2 ,236.77!)
10
10
10
10
10
200,000
250.000
300,000
250.00O
I
1
152.112 None
60,330
4
16
,678,128
,192,093
30
15
None None
10
10
5
20
30
July '06.
Jan. '04.
Aug. '06.
1
July' 06.
3
20
30
3
4
10
Dividends and Interest.
Compniih
Par. Securitit
s.
3
Y.8 .pi 766
July '06. 4
July '05. 3
cBlngh. (N. y.)
1
dividend or i»09i paid July
1005.
f Capital to be increased to (200,000; V, 82, p. 312, 367, 548.
from earning ol 1904.
g Six per cent ol
ii stock
purchased bj the People's
and bank dissolved; V. 82,
i
<
1
1
p. 246.
<
1st
\i
1
Gas & !' enm
Pref. cum. (6,
,000
Colum. (las, 1st M .. g
'olo in.
M. 6s
Indianapolis (las
1st M. (7,500,000 gold
dJack. (Mich.) Gas Stock
1st A
5s. gold
1
.
cMadlson (Wis.) G, & E
1st M, 6s. gold
Deb., scrip, gold. |
,.
Stock.
,,ii
6s, gold
\l
ol
'..
Minneapolis
(
(
1
1
.
1
\i'» \l. 5s, .Sin. 000. 000
Municipal Gas Alb.N.^ .)
Rochester (Jas A: Elect 1c
1
y.—
1
1
1
25&0
1
/
apltal to be Increased to (500,000; \
82, p. 127, 667.
National shoe <v Leather Hani, converted into a state institution
and consolidated with the Metropolitan Banl under name ol latter, capital
of Metropolitan Hank Increased to (2,000,Q00;
\
81, p, ih2.v v. ,v\ p
367, 185, 815. 1016.
V&O
100.00(1
lit
'-'.
1
.,
1
1
1
1
1
.
6
1
1
\i ., currency
6(10. OOII
,v
Consolidated mortgage .000
3.26 .000 M. & S
General moi gage, gold
r
Washington [D. Cj G, 1.
2,600,000 (,).
600.000 .1. 4 ,1,
Keg. 6s. c\l at
Var.
\..i. 2,600,000 .1.
,V i).
Certs, of Indebt., 6
1
6
Mio. 000 .1. & .1.
8
8
6
6
3,000,000 M. .V S.
2',
,000
.000.000 \i. A- s.
5
.000 Q.
10
100
10
P.
c "St icct Kallwa 7" Se ctlon
Se
.000
,000.000 .1. tv .1.
5
100
,500,000 Owned bj
\ mer,
6
650,000 J. .V .1.
8
,11
1
1
.
1
,
1
.1
,1
1
1
1
,
.1
6
6
5
5
10
6
10
6
%
Date.
April
1938
1
Apr.2'06.1M
103 2
1
1
1
cSl Jos. (Mo.) 1st \i
cSt, P. (Minn.) <;. L. Stk.
(/
1
.
.
.
1904. 1905.
1
Stock
J.)
period.
$
$
.000
5
5
750,000 A. & O.
100 2,650,000 Sec \'. 82. p
39
100 5,300,
,000
5
5
,500,000 J. i\: J.
loo .0011.000 Owned by A mer.
5
97 .000 .1. & .1.
5
,000
6
15.000 .1. tV .).
6
50 2,000,000 y.— J. None None
..
.000 1,250.000 \. & O.
5
5
250,000
6
50
J.
.1
310. 000 \. & O,
5
loo
•100,000 Owned bj
\ mer.
.000
350.
6
6
\. ,V O.
1
Nov. 1905 from (500,000 i>v declaration or inn",
du Idend from accumulated
To be merged In the Jenkins Tm
\
B2, p, 064.
United National Hank to be liquidated and Hudson Trust Co. to be or
ganlzed to take over Its business; Vi 82, p
781, 845; V. 83, p. 181.
apltal Increased In
interest
s
afloat.
V.80 ,1)1832
\
Dividends
surp.
Dec. 31
1905.
i
,000,000 8 ,424,225
I
I
,
June
6
GAS COM PANIES.- SEE ALSO MISCELLANEOUS.
•
'
.
6
FIRE INSURANCE COMPANIES.
$
100
100
100
100
100
50
..
Continental
Empire City
.
The
$
Commonwealth
5
3
I
n
16
'05.
16
Nov
.
A'et
Par Amount,
it
u
,
Companies.
3
'i
1
.
y—
NEW YORK AND BROOKLYN
L, Br. Ltg. 1st
p Special
.
.
1
and May 16 1906 tor state banks,
Jefferson banks consolidated under came o1 latter and capital or Jeffer on Bank Increased to $500,000; V. 82, p. 246, 126, 543, 604, 728.
in Vpril 1906 stockholders of Union Bank voted to Increase capital from
</
$500,000; v. 82, p. 667. 78 1: in March 1906 purchased control of the People's
Hani, ami to operate
a
a branch; V. 82, p. 605, 781; also absorbed the
v. hi, p. 131, 593, 751; in Jan. 1906 absorbed the Seven
Merchant
B
teentl
V. 82, p. 32; Deal.-,
Banl
Bank merged in Union Hank in
June 1906; V. 82, p. 1355, 175.
/
.
1
,
.
.
a Stockholders in March 1906 authorized increase in capital stock to
$1,200,000; V. 82, p. 367, 485, 604.
This is the old Real Estate Trust
Co., which changed its name on May 1 1906; V. 82, p. 727, 1137.
c In
April 1905 Central Realty Bond & Trust and Lawyers' Title Ins. Co. consolidated under name of Lawyers' Title Insurance & Trust Co.; V. 80. p.
973, 1034, 1209, 1339.
d Capital Increased to $1,500,000 and surplus
to $3,000,000; V. 82, p. 781, 964; V, 83, p. 13.
e City Trust Co.. North
American Trust Co. and Trust Co. of America consolidated under name of
latter; see V. 80, p. 1402, 1451, 1831, 1889. 2599; V. 81, p. 130.
f See
V. 80, p. 1034, 1210, 1339. ft Capital stock to be reduced to $1,000,000.
See V. 82, p. 1185, 1354.
i Including 1903 and since, paid 20% extra
in May each year, making 80% per annum
fe Ridgewood Bank merged
in Jenkins Trust Co.; V. 82, p. 965.
2
a stale bank,
'/.lone 18 1906 for national
1
.
'06.
(Con. (Jas (X.
I
—
—
_
Jenklns.fc
L.
$
1,000,000 1,155,100 y.— j.
6 July'06,2H
IK
Il2, 500, 000
3,249,800 J. & J.
6
6 July'06, 10
700,000
473,000 M. & N.
3
6 May '06. 3
1,000,000
J. & J.
(c)
12
6 Jan. '05. 6
1,000,000 15,032,900 y.
J.
(80
i80 July'06. 15
1,000,000
F. & A.
(c)
8
4 Feb. '05. 4
1,000,000 1,865,600 j. & j.
10
10 July'06.
6
'05. V.81,p.l641
1,000,000 1,039,200 Beg.bus Dec
500,000
44,800 Beg.bus Apr .1,'02 V.74,p.657
500,000 1,087,000 J. & J.
July '06. 3
3,000,000 10.442,600 y.— M.
10 June '06. 3
10
1,000,000 7,819,700 y.— f.
40
40 Aug. '06. 10
1,000,000 1,773,000 y.— m.
12 June '06. 3
12
500,000
773,700 J. & J.
10
10 July'06. 5
2,000,000 6,238,000 y.— m.
20
20 June '06, 5
500,000
600,600 Beg.bus Aug '02.:V.75,p.422
500,000
50,000 Beg.bus Oct
'04.iV.79,p.l617
« 1,000, 000 2,828,100 J. & J.
35
40 July '06. 20
Aug. '06. 3
4,000,000 5,946,400 y.— F.
500,000 1,107,800 Org. Ma r.'02. \ .75, p. 114.
1,000,0110 2,277,100 J. & J.
10 July '06. 6
10
2.000,000 6,943,900 y.— j.
30
30 June '06.10
2,000,000 6,742,500
16
21 July '06. 5
j.
2,000,000 7,739,100 y.— m.
20 July '06. 5
20
500,000
587,500 Beg.bus Jly '0 2V74 p. 917, 1336
1,000,000 3,020,500 J. & D.
40
40 June "06. 20
3,000,000 10,498,800 y.— M.
18
20 June '06. 5
2,000.000
(c)
J. & D.
Dec. '04. 5
&K
10 June '06. 5
1,000,0001 1,433,400 J. & D.
8
16 June '06. 4
4,375,000 6,644,500 y.— M.
12
2,000,000 10,373,700 y.— j.
9K 13 Apr. '06. 8
2
1,000,000 7,887,800 y.— j.
50
50 !july'0612J-2
2,000,000 4,658,900 See Mis cella neou |s Cos.
2,000,000 13,374,900 J. & J.
50
50 July '06. 25
1,000,000 1,298,100 y.— M.
8 June '06. 2
y.— j. 12
500,000 1,120,200
12 July '06. 3
3 June '06. 3
1,000,000
774,900 J. &D.
100 1,000,000 2,244,700 y.— j.
500,000
100
140,300 Beg.bus
100
200,000
191,200 J. & J.
100 dl,000,000!dl, 91 1,400 y.— M.
500,000 1,081,800 y. F.
100
500,000
274,400 Beg.bus
100
100
500,000
298,100 Beg.bus
500,000 1,609,900 y.— F.
100
100 1,000,000 1,643,900 y.— J.
500,000
100
569,900 F. & A.
100 1,000,000 1,628,000 Mthly.
700,000
571,100 y.— j.
100
.
Flatbush
Franklin
July '06. 4
10
10 July '06. 5
None None July '00. 3
20
20 July '06. 10
7
7 Apr. '06 3>2
8
8 July '06. 2
V.75. p. .162
6
(106 Julv '06. 3
12
12 July '06. 6
None None July '02. 1
35
50 Julv '06. 50
Oct 1902 V.75, p. 771
6
6
July '06. 3
5
5H Feb. '06. 3
'03. V.76,pl332
.June
Beg.bus .Feb, 06:
u/i
,001)
.ooii
,1,0(1
&
&
&
J.
821 J.
175
1
1
Italian-Amer.
Knlckerb'k'r.
'06.
'06.
'06.
'06.
'06.
'06.
'06.
'06.
oo5 Beg. bus
308 Beg.bus Iness Nov. 1901.
272
524 Beg.bus .Sept ~'b"f. V~.73lp.422
586 .1. & J.
12
12 July 'or,. 6
112 or. & j.
10
10 Julv '06. 6
706
198
33
160
81
—
—
&
100
25
100
100
100
100
Fulton.o
Guar.Tr.N.Y.
Guardian. _
1904.
20
5
8
4,628 420 J.
8
7
1,504 597 J.
7
6
396 749 J.
6
559J. & D.
12
1.684
12
662 059; Beg. bus .May '05.
'03
Beg. bus Aug
(C)
8
172 654 M. & N.
8
3
296 228 J. & J.
6
8
335 229 M. &N.
8
26
239 115 y.— J.
24
10
2,877 285 J. & J.
10
835, 091 J. & J.
75
100
8
900, 061 y.— F.
8
039 Beg.bus .May 7 '06.
230 681 y. M. None
16a
8
2,041 169 J. & J.
8
232 702 Org. in Apr. 02.
10
1,154 362 J. & J.
10
176 436 y.
8
F.
8
20
7,764 7,ho y.
16
j.
200 .000
100 ,000
100 ,000
oo .000
loo ,1100
,ooo ,000
Equitable
Farm.L.&Tr.
Avenue
'06.
'06.
'06.
5
16
100
100
Fifth
3
4
.
1
1
Columbia .
Com'nwealth.
Empire
—
1
loo ,000
300 ,000
25 2 ,000
,000 ,000
100 ,000
:,o
Central
Clty.e
Colonial
6 .Julv '06. 3
V. 7 2, p. 755.
12 Julv '06. 10
16 July '06. 4
'03. V.76,pl006
150 July '06. 25
6
8
100
100
100
100
100
100
100
100
Bowling Gr..
Broadwav.
Ce.R.B.& T.c
—
—
200 .000
50 ,000
300 ,000
300 ,000
100
100
30
City
Maj/16,'06 Period. 1904. 1905. Last paidTo
$
Bankers'
'06. 11
Aug. '06. 5
May '06. 5
v. '04 ; V. 80, p. 99
'06.
3
12
IK
J.
July
Brooklyn.
Borough, a ..
Broadway.a.
Brooklyn a..
Amount.
N. Y. City.
10
July
11
8
6
8
8 July
2
8
8 July
13,008 ,4121 y.— j.
1,079 .765 org. Jul y,'02 V.75, p. 588,643.
14
14 Feb. '06. 7
3,578 ,309 F. & A.
47 ,778 Beg. bus .July 1903. V.77, p. 121
8
6 July '06. 3
118 ,1)64 ,). & J.
139 ,994 See V. 71, p .735, 1147.
12
440 ,004J. & J.
12 July '06. 6
100
1,789 ,532 y.
J.
220c July '00. 25.
17,278 ,071 y.
J.
20
15 July'06. 6 M
3,063 ,379 J. & J.
7
7 July'06.3J4
6
144 ,0811 y.— F.
7 Aug'06. 2'A
12
2,306 ,972|A. & O.
12 Apr. '06. 6
1,344 .946 y.
M. 20
20 June '06. 3
6
6 Aug. '06. 3
577 ,300;F. & A.
14
778 ,224!J. & J.
14 July '06. 7
904 ,714|M. & N.
20
20 May '06. 10
6
604 ,173 M. & N.
7 May '06. 4
6
164 ,530U. & J.
6 July '06. 4
,434! y.— J.
10
7,622
11 July '06. 4
20
7,008 ,911 J. & J.
20 July '06. 10
56 ,014,Beg.bus Dec ., '04 V.79.p2725
134 ,282
May '06. 6
1,133 ,934 J. & J.
8
8 July '06.
100.000
750,000
1,000,000
100,000
100,000
200.000
100,000
U.S. Ex.a
& J.
M. & N.
1931.
188,
p
9,
J.
1,006 ,85 7
90 ,000
7,748 ,510
789 ,521
19,400 .254
2011,000
100
100
U
See V.
168
l ,500,000
4,072 ,270
5,000,000 4,548 ,337
63!) ,814
350,000
200,000 • 110 ,260
776 ,200
250,000|
132 ,634
50,000
156 ,076
300,000
200,000
141 ,137
1. 110 J, 000
5.731 ,619
131)
1
Commerce
,
Companies
$
200,000
100
100
100
100
100
25
100
100
25
450,000
100
100,000
100
300,000
100 2,550,000
100 25,000,000
100
500,000
100
100,000
100
300,000
100 25,000,000
100 l.ooo.ooo
100 2,000,000
100
100,000
25
250,000
2110,000
100
100
250,000
100.000
100
100 10,000,000
100 3,000,000
500.001)
100
50 1,000,000
100 1,000.000
75
750.000
100
200,000
100
200,000
500,001)
25
200,000
100
100 3,000,000
100 1,500,0110
100
/l 00 ,000
100
500,000
50 1,000.000
500,000
100
100 1,000.000
100
300. ooii
50 2,050,000
100 1,000,000
25 3,000,000
25
700,000
100 3,000,000
50 2,000,000
50
600,000
100 1,000,000
100 U2,000,000!
100
200,000
100
250,000
100
200,000
50
500,000
100 l.ooo.ooo
100 2,000,000|
100
200,000
100 1,000,0001
200,000
100
230,000,
100 2,000,0001
100
300,000,
25
750,000
50
»l422,700
100 3,000,000
25
200,000
20 1,000,000
100
100,000
100 1,000,000
100
100,000
100
100,000
100 il ,000,000
1110
300,000
100 1,000,000
100,000
100
KM)
200,000
Bowery, a
Bronx Bor.a.
But. & Drov.
Monroe-a
$
$
100
loo
Astor
Battery Park
14th St.«
Gallatin
Garlield
Period. ,1904. 1905. Latest
'•,.
Par
New York
Aetna
America, a
Am. Hxeh.
Citizens'
Cai
profits, b
'
Vol. lxxxiii.
i
Surplus & Dividends paid In 1904 and 1905,
undivided
ant also last dividend.
Dividends.
undivided
-
ETC.
COS.,
NEW YORK AND BROOKLYN TRUST COMPANIES.
State Bank.)
is
&
Surplus
Capital.
Companies.
(a
INSURANCE
COS.,
6
Light dsTrac
1036
1
Jan. 15 1914
July 3 '00. 2
Oct.
1952
Jan. '06,
.Ian.
1
1
1
.
April
1
l.t.
Tract.
A-
10.17
April 1 1026
V. 71, p. 392
July
'06, 4
1
10 10
\o\
1
.
Maj
'o6, 2 Vi
July
Lt.
1930
1030
&
July
Julv
1
1937
Tract
1
19 15
1
1918
194
MOO.
Ma] l'06,2
1
'
1927
1
.
1920
op. June
1
'08
(/This column shows last dkld. on stocks and iiiatiiilt\ on liomls.
t>
K\1906 at i",,.
tended 20 years from Jan.
c controlled iiy American Light
a Traction by ownership of entire capital stock. The St. Paul Gas Light Co.
have authorized Increase In capital to $2,500,000: v. «2. p, 338. (/Controlled i>y the Michigan Light Co., which owns entire stock; v. 80. p, 654.
1
July,
RAILWAY EARNINGS.
1906.1
181
MONTHLY GROSS EARNINGS OF PRINCIPAL RAILROADS.
January.
February,
March.
May.
April.
June.
September
August.
July.
-310 m.
1903.7,965-8,213 m.
1904-8,213-8.300 m.
1905.8.307-8,423
.8,444
1906
Atlantic Coast L.
1903-3,985-4.139 m.
1904-4,139-4,229
1905-4,229-4,333 m.
4,333 m.
1906
Baltimore & Ohio.
1903.3.884-3,948
1904.3.948-3.987
1905.3,987-4.027 m.
4,027 m.
1906
Buff.Roch.&Pitts.
472-500 m.
1903
500-538 m.
1904
538 m.
1905
538 m.
1906
Canadian
315.506
5.870,813
6.156.340
6.457,831
6.576.025
5.549,380
6.793,290
6.348.388
6.487,014
6,910. 66S
6,035,716
6.235.182
6,787,056
66,467 612
66,974 015
72,36l!538
1,352.460
1.453.996
1.612,763
1.510,140
1,729,665
1,892,798
1,756.749
1,916,683
1,986,461
1,739,300
1,947,871
2,115,770
1,872,388
1,981,518
2,227,265
19 916 742
21,372 686
23.243 051
5,987,785
5,870,352
6,398,087
6,028.069
6,048.760
6,547.806
6,022,316
6,181,073
6,853.792
5,319,863
5,757,747
6.591,374
5.189,279 666.196 543
5,412,259 65.200 262
6.450,519 71,755.671
707.342
738,634
805.815
710.166
746.399
818.836
643.772
693,962
744,299
511.818
645,446
673,205
7.769 490
7,696 052
8.567.433
4.629,175
4.076,154
4,474.238
4,796,734
3.937,002
4,220.876
4,872,575
4,488,264
4,743.962
5.722,767
4.142.909
4,751,970
5.741,543
4,264.815
4,562,142
5,619.182
46.348.956
48,714,666
54.711.834
669.156
668,383
750,956
o854,887
714,975
745.651
877.960
685,687
725.992
827.820
782.683
925,167
1.018.740
1,107,704
1,080.492
1.046,833
926,891'
9.418.880
996.523
9.957,993
1,028.244 10.531.081
1,748,007
1,924.915
2,113.292
1,736,264
2,192,211
2,098,577
2.122.280
1,886,587
1,921,655
2,071,756
1,983,260
1,979.575
2,248,388
1.770,853
1,834,750
2.159,759
1,943,011
1,907.602
2.158.112
1,801,074
1.840.004
2.078,076
1,754.830
1.888.603
2,118,794
21,848.935
22,126.831
24.257.902
1.599.332
1.641,959
1.673,776
2,005,871
1,502.160
1.617,942
1.802,480
2,196,342
1,525,050
1,737,716
1,846,555
1,571.375
1.671,503
1,775.613
1,645,291
1.819.781
1,967,281
1.572,707
1,718.890
2,000,285
1.714.738
1.807,467
2,039,665
1.566.523
1,719.680
2.033,482
1,578,929
1.721,082
2,047,828
18,771,370
20.106.363
22,130,119
874,007
960,599
884,550
996,081
802.009
783,172
786,389
771,398
837.703
842,928
852,282
822,121
747,957
956,168
916.328
952,907
947,140
930.637
1.047,166, 1.073,534
1.193,0641 1,268.158
934.376'
948.505 10,961.951
1,154,332 1,017.987 12,229,600
1,043,404 1,056,743, 11,146.048
879
875
274
799
677.566
719,665
692.673
761,205
639,622
629,770
613.559
687.689
633.162
586,531
609.812
720.365
614,543
600,367
0615,980
0713,311
680, 6S2
356
366
353
408
675
686
826
906
467,063
421,695
486.745
454,307
449.178
434.273
487.477
492,054
439,524
454,773
496.973
510,841
3.391
3.411
3.311
4,045
355
3,995.769
3.846,191
3,626.635
3,862,358
4.343,801
3.702,382
3.531.435
3,900.554
4,340,243
249,459
260,886
271.938
243,849
236,439
291,779
258,522
274.820
294.001
189
248
860
306
556
5.257.313
5.529,512
5.960,923
6,696,958
5.489.110
5,619,278
5,996,896
6,492,316
5.215.138
5.338.483
5.845.280
6,782,264
4,487.606
5,117,467
5.880.602
5,386.593
4.742,836
5.594.733
5.444,334
154
1.687.276
1.759.071
1,997.905
2,159,462
1.720.109
1,822.735
2,022,103
2,250,905
1.799,703
1.764,190
2,032,717
973
1.885.300
1.980.746
2.161,006
2,415.469
472
806
660
508
5.410,350
5,483.811
5,910,621
6.711.095
5 523.564
5,501,230
5.723.534
6,304,733
5,720,693
5,242,966
5,840.176
6,817,033
535
494
532
613
985
520
433
844
632.272
642,919
652,863
716,495
624,992
551.761
656.670
296,486
652,128
626.191
769,447
387,553
1
3,148.455
2,890.599
3,252,502
4.422,690
2,827
2.541
3.056
4,224
295
862
094
452
3,615.752
3.532,187
4,132.961
5.093,286
3,795.394
4.061,505
4,229.144
5,491,000
850.053
807,206
744,973
921,749
843
834
707
961
147
466
467
035
826,474
852.353
937.566
1,047,780
673,239
651,400
746.478
861,120
633,815
660,127
763.552
875,087
1,838,858
1.539.960
1,673,993
2,002,423
1,620
1,553
1.615
1,876
532
502
893
568
1,566,102
1,698.380
1,930,003
2,101,100
1.743.610
1.939,308
1.968,156
1,333,248
1,550.567
1.552.429
1.652,559,
2,225,816
1.340
1.440
1,447
1.967
929
088
251
689
1.603,769
1.657,826
1,843,344
2,146.559
846,899
908,103
769,808
987.254
775
897
706
867
661
166
489
479
618,126
599,994
590,280
682,540
589
595
499
647
367,388
348,530
381,101
423.028
3,498,148
3.652.438
3,656,000
4,335,358
4,829
5,346
4,669
6,487
1,584
1.814
1,738
2,172
4.813,253
4,410,818
5.158,171
6,573.465
m
m
J
2,971 086
3 215'805
3.478'83l
250.491
254,526
277,976
315,943
565
882
273
1.563,092
1,726.175
1,766,227
2.191.758
m
$
272.557
311,613
319.541
239,954
248,162
280.463
305.223
205
258
215
326
5.376.929
5,407.329
5,407.741
6,536.985
m
m
274,320
Total.
255.400
297.933
337,009
232.853
260.373
310.505
331.069
228.563
252.415
271.584
328,021
310 ra.
310 m.
310 m.
At.Top.&S.Fe Sys.
$
$
$
Ala. Ot. Southern.
1903
1904
1905
1906
November December
October.
4,481
4,634
4,744
5,802
573.636
482,979
604,777
708,672
949
123
259.553
260.989
293,256;
5.684,913i 5,967,032
1.410,117
1,475,087
1.689.913
5.835,860
5.381,898
5,768.103
6.572.814
5,862.580
5,274.542
5,768.830
707.720
688.830
736.034
a467.157
717.385
649,195
766.487
3.902,962 4.152.610
4,113,626 4,416,865
4,229,131 4,430.026
5,579.003 a5.420.000
3,997,344
1
i
752.274!
735.216,
805,5671
298.7671
1
Pacific.
1903-7.590-8.044 m.
1904.8.044-8,568 m.
1905.8,568-8,776 m.l
8,776 m.'
1906
Cent, of Georgia.
1903.1,845-1.877 m.
1904.1,877-1.878 m.
1.878 m.
1905
1906
1,878 m.
Cent, of New Jer.
1903
638 m.
638-639 m.
1904
1905
639 m.
1906
639 m.
Chesapeake & Ohio.
1903.1,636-1.641 m.
1904.1.641-1.671 m.
1905.1,671-1,708 m.
1906
1,708 m.
1
Chicago & Alton.
920-915 m.
915 m.
915-970 m.
970 m.
Chicago Ot. West.
1903
930 m.
930-818 m.
1904
1905
818 m.
1906
818 m.
1903
1904
1905
1906
4 ,398.834
959,996
852,765
983,021
1,056.300
1,045,340
1.121.227
1.300,783
1,097,778
528.714
632.569
730,741
625,195
714,364
749,399
712,557
845.884
839,569
764,864
871.126
776,303
707.421
782,204
685 208
662 187
781,182
8.234.800
7.733.140
8,248,907
436,408
444.650
494.139
a4S6.331
482,013
458.350
498,181
492.508
510.816
560.011
503 239
515,085
561.280
521,842
514.825
643.105
424,501
469.333
495.240
405.913
445,665
476.082
5.346.252
5.384.681
5,834,150
4,050.923
3.866,198
4.240.621
4.159,063
4,002.220
3.955.687
4,178.541 4,418,733
4.205.054 4.690.137
4.467,405, 5.261.887
4,838,538
5,015.619
5,598.603
4.440.775
4.524,521
4.168.007
4,183.830
48,688.423
48,748.057
52,309.611
Chic. Ind.Sc Louis.
1903
1904
1905
1906
m.
m.
m.
m.
547-556
556-591
591
591
Chic. Mil.
&
St. P.
1903.6.754-6.833 m.
1904.6,833-6.906 m.
1905.6.906-6.912 ra.
1906
6,912
Chic. &Nor.W est.
1903d5, 921-7. 412 m.
1904d
7.4)2 ra.
1905*.
7,412 m.
1906d
7.412 m.
m
Chic. St. P.
St
570i 4.291.625
356
4,537.6,9
4,972,589! 4,790,712
3,546.046 d3,497 399 (M.449,369 d4, 501.715 d4,336.855 d4, 796.729 d4,766,402 d4, 843, 745 d5, 133.331 db. 548, 178 d4,721,250 C4. 214,3.81
3,792,662 3.709 125 4.350,8311 4,038,260 3.835,909 4,380.558 4.625,080 4,929.010 5.386.624 5,372,570 4,833,951 4.441,871
3,872,605 3,403 306 4,861,7891 4,369,794 4,603,857 5,044,816 4.928,300 5,361,303 5.766,337 6,148.512 5,636,926 5,090.257
4.849,550 4.589 363 5,067,306 5,148,018 5,098,480
54.355.401
53,696.451
59,087.802
M.&O.
1903.1.657-1,676 m.
1904.1.676-1,686 m.
1905.1.676-1.686 m.
1906
1.686 m.
Cin N O & Tex P—
1903
336 m.
1904
336 ra.
1905
336 ra.
1906
336 ra.
CCC&
192, 4.038,778
L
—
1903
1,891 m.
1904
1.891 ra.
1905
1.891 m.
1906
1.891 m.
C0I0.& Southern
1903*
1,572 m.
1904*1,574-1, 725 m.
1905*
1,725 ra.
1906*
1.725 ra.
Denv. & Rio Or.
1903/
2.398 m.
1904/
2.398 ra.
1905/2,398-2,470 m.
1906
2,470 m.
924,008
769.163
869.575
956,842
890,422
795,037
888.973
954,687
996,086
851,696
989.946
951,872
847.821
919.134
1.015.677
1.028,981
1,100.611
1.220,995
1.278,848
1,243,406
1.286,785
1,367,479
1,091.171
1.099,203
1,254.120
1.055,514
1.067.627
1.115,642
12.055,268
11.480.169
12,390.067
567,803
554,083
610,799
707,458
610.323
610,511
643,351
758,023
593,150
573,886
621.706
634.888
557.441
613.386
542,628
626.126
665,407
580.477
639.538
694.090
606.750
656.582
710.650
535.590
636.514
672,783
529,597
603.509
676.190
6.676,930
7.058.525
7,671,415
1,725.376
1.714.430
1,818.272
1,908,854
1,633.624
1,637,537
1,614.807
1,816.526
1,806,680
1.775,884
1.758.775
1.989,663
2,039.013
2,038,743
1,928,578
2,039,791
1,860,254
1,764.084
1,890.912
2.001,296
2,126,098
2.158,266
1,965.118
2,150,496
2,072,136
1,848.517!
2,202,569
2,067.682
1.697,709
1,892.646
2,055.725
1,697,237
2,005.394
2.042.019
21,197.783
22.141.108
22.517.763
633,460
571,819
778,320
955,648
654,141
569 141
652 655
911 014
694.458
536,769
821,899
954.548
777,365
625,750
906.431
0980,045
803,665
675,053
808,486
812,837
682,122
868,107
789.667
752,602
954,037
917,431
891.473
1,060,988
752,986
920.096
689.613
898.577
1,088,778
685.050
878,266
1,076.104
8.871.367
8,237.281
10.4S6.057
1.609.202
1.424,977
1.690.261
1.648,487
1,524,999
1.742,260
1.629,687
1.682.378
1.840.135
1.343.420
1.580.405
1,757.425
1.237.888
1.447.717
1.634,352
17,012.239
16.440,471
18.219 251
4,455.601
4.103,880
4.406.759
4,224,844
4.024,022
4,431.612
3,835,611
3,938.064
4,412,628
3,489,854
4,002.222
4,411.220
3,412,611
3.753.903
4.238,469
47.589,837
45.106.926
47,832.190
1,027,839
836
773
761
943
538
006
828
870,924
986.769
1.012.176
490,792
505,641
584,341
709,362
458
522
541
709
533
293
067
423
526.399
572.401
637,645
1,551,489
1,368,419
1,614,816
1.864,052
1,371
1,464
1.495
1,743
470
808
775
632
609 195
959,364
919.678
929,594
741,112
600,297
780,639
1,014,951
511
990,6261
786.447i
-,:;::.
8ii:;
977,702
1.371,158
1,218.328
1,346.817
1.586.451
1,140
1,088
1,092
1.405
698
677
813
981
1,352,985
1.182,986
1.308.146
1,482.707
1.339,895
1,249.515
1,311,883
1,556,181
1,416,881 1,402,546
1,318.682 1,400.169
1,447.360 1,542.372
1,702.482 al. 752, 900
1.519.392
1.321,638
1,505,427
3,661,524
2.956,330
3.376.811
4,201,436
3,353
2,998
2,713
3.635
241
799
080
419
3.965.956
3,621.333
3.602.739
4,184,061
4,104,224
3,816,263
3,816,589
3,517,262
4,264.190
3,869.030
4,135,108
4,102,434
4.393,929
4,092,635
4,327.875
4,428,252
3.930.445
3,959.300
2.728,436
2,607.278
2,947,136
3.647.660
2,399
2,241
2.553
3,188
087
342
703
259
2,899,566
3.041,634
3,419.705
4,066,471
3.091,010
2,873,572
3.247,892
4.172.957
3,211,030
3,044,643
3,667,593
4.381,023
3.547,647
3,120.343
3.752,166
4,673,832
3.586.024
3,672,715
3.895,160
3.791,477
3,637.891
3.972.539
4.199.144
3,897.794
4,955,650
5.006.972
4,817,317
5,708,211
4,179.205
4.6b9,823
5,240,083
3,270,563
3,710.297
4,357,842
41,910,161
41,334,650
47,717,680
373 077
401 928
405 616
533 510
476,277
463,459
402.130
561.237
522,093
370,052
447.568
385.145
607.677
391.008
526.486
468.455
653,730
481.852
527.672
569.388
555.477
504,992
584,167
609,473
575,791
568,898
549,113
589.445
559,927
569,883
599.508
488.661
540,760
587.995
448.028
472,236
564.087
6.282,778
5,803.354
6.138,089
4.043.794 4,087,560
3,794.563 4,024,226
3.821,078 4,110.694
4,258,971 04, 339. 009
3.822.203
3,805,184
3,748,999
3,971,102
4.214.208
4.015,835
4,003,963
4,340.707
3,960.057
4.357.333
4,577,741
4,481,706
4,071.631
4,439.660
4,458.061
3,806,150
4.493,103
4,654,564
47.161.473
48.669,357
48,957.269
Erie
1903.
2,153 ra.
1904-2,153-2,150 m.
1905
2.150 ra.
1906
2.151 ra.
Ot. Nor. System
1903O5, 849-5-888 ra.
1904a5, 888-5.951 ra.
1905a5,951-6,110 ra.
1906
6.110 m.
1
Hocking Val.
1903
1904
1905...
1906
346 m.
.346 ra.
346 ra.
...346 ra.
430,855
398.113
406.799
537,755
Illinois Central.
1903.4.300-4.328
1904-4.328-4 374
1905.4,374-4.459
1906
4.459
Inter'l
&
m.
m.
m.
m.
3.777,861
3,651,170
4.085,967
4.516.438
3.465
3.707
3.513
4,366
285
757
523
911
3.958,657
4.090,660
4,355,593
4.640,563
3,795,934
3,530.378
3,751.192
4,233.912
513.036
4S9.556
481,461
546.145
393
408
397
469
011
660
359
742
386,697
373,289
525,236
519,098
416,884
352,106
471,918
496,824
421,264
366.830
490.503
528.024
421,069
414.996
0475,150
O504.100
412.597
406.071
486.522
418.348
451.264
519.889
564,346
655.146
631.670
687,487
699,047
728,554
654,769
657,894
705.542
597,658
605.271
625.134
5,887,166
5.870.130
6, 53^,940
220,294
206,349
212,037
244.887
180
190
169
213
764
649
583
049
213.873
216,087
242,888
275.159
183,996
170.363
205.320
229,786
180.656
178.219
207.375
229.462
175,671
199.026
226.927
0240,094
194.759
193,386
215.121
202.645
208,337
231.638
210,079
228,761
249.237
219.523
247.118
284.654
198.321
226.037
270,520
191.113
220.528
273.009
2.371.664
2.484.860
2,788.309
3,060,753
3,068.285
3,160,235
3.749,549
2,777
3.113
2.774
3.432
563
928
510
952
3.084,874
3.246,607
3.523,214
3,712,381
2.954,620
2.936,803
3,148.074
3.024,385
3,058.988
3.024,232
2,921.238
3,307,982
3,017.939
3,222,369
3,125.344
3.331,440
3.413,903
3.554.761
3.085.348
3,506,723
3,186.465
3.438.863
3.593.321
36.814.414
37,485.072
40.060.3S5
3.542.0 14
3,839.512 a3.50s.o'.lO
2,020,660
2.118,495
2,246,62^
2,457.188
1.929
2.133
2.048
2 229
987
880
2.213,447
2,347.081
2.270.240
2.500,372
2,139,876
2,336,071
2,079,144
2.103,665
2,245,810
2.002.843
1.9T6.813
2,149.239
2.052.815
2.089.895
2.294.684
2.020.316
1,921,422
2.178.651
2,226.684
2,258.234
2,436,318
2.048.999
2,010.009
2.171,546
2.166.362
2,213,553
138
B26
2.163.191
2,444.961
2.383.307
2,629,653
25.064.354
25,954.079
27. 126,080
644.393
574
542
545
040
692,899
657,693
619 094
714,650
638,528
597.924
522.308
6/2,857
599,723
557,364
552,386
737.121
554.431
572.458
542.888
570,806
508.651
536,801
550,471
511,636
539.765
475.781
494.133
549,429
586,334
556.520
605.029
597.362
579,324
638,981
590
593
489
623
222,219
206.625
222.324
257,212
199
178
192
237
643
770
778
995
235,868
285.463
277.109
298.613
234.100
227.943
246,228
197,311
253,521
301 661
246.8 15
265,057
253,845
297.160
326,0,84
260.853
274.377
362.911
299.164
196,287
258.072
461.047
341,949
Ot.Nor
1903.1,053-1.149 m.
1904.1.149-1.159 m.
1905
1.159 m.
1906
1.159 m.
Iowa Central
1903...
558 ro.
1904
558 ra.
1905
558 m.
1906
558 m.
Louisv. & Nash.
1903-3.441-3.579 ra.
1904.3.579-3,644 m.
1905C3, 973-4. 101
m.
1906.4.117-4.2(1''.
in.
Mexican Central
1903e_2, 915-2. K97m.
1904e2, 897-3, 155 m.
1905e3.155-3.355 m.
1906
3.35S m.
Mex. Ilium. 11
1903e
880 m.
1904e
880 m.
1905 e... 880-884 m.
2,920.4071 2.923.648
3.206,2741 3,165.400
_',
133.651
3,402,605] 3,547.193
3,579,772, 3.651,805
,869
1
1906e
884 in
Minn. & St. 1..—
643 ro.
1903
1904
643 m.
785-799 m.
1905
1906
799 m.
5>>2.623
533,826
241.869
•
.'8
1.447
525,
566.87
I
7.091,822
6.891
1.158
583.911
0645.212
256.608
240.593
311.244
315.920
300.38.'
384.686
257.141
2.971.896
307,274
3.518,909
.•.958
a Approximate linun--.
b These totals Include corrections made subsequent to the appearance of the monthly returns.
I'ieures Include the earnlncs of
1/ Includes
trans-Missouri Uni
arethe Atlanta ECnoxvUle .V Northern Railway since the first week In \i>ni 1904.
og Feb
16 1908.
glven In Mexican currency.
/Includes Rio Grande Western in all the years.
Oct.. Nov. and Dec. 1904 and for Jan. to June incl.. and for NOV. and
Dec. 1905, and all of 1006. embraces Colorado A- Southern, Port Worth & Denver City. Trinity A: Brazos \ alley, and
inriL's .V- Cripple Creek District and
other affiliated roads: for all the other months of the different years figures are simply the combined results of the Colorado & Southern and the
orl Worth it Den
(
-
1]
1
I
City.
INDEX.
182
[Vol. lxxxili.
INDEX TO COMPANIES—CONSOLIDATED,
Companies not given
Name.
Be Found under
Delaware & Hudson.
Will
Adirondack
Alabama Central
Alabama Midland
& Mfg
Biscuit
National Biscuit.
United States Steel Corporation.
Central of New Jersey.
United States Steel Corporation.
Distilling Co. of America.
American Steel Foundries.
United States Steel Corporation.
United States Steel Corporation.
United States Steel Corporation.
Bangor & Aroostook.
Pittsburg Youngstown & Ashtabula.
Chicago Burlington & Quincy.
Bridge
Dock A Improvement
Sheet Steel
Spirits Manufacturing
Steel Casting
Steel Hoop
Steel & Wire
Tin Plate
Aroostook County
Ashtabula & Pittsburg
Atchison & Nebraska
Atlanta Knoxville & Northern
Atlantic
Atlantic
&
Austin
Nashville.
&
Atlanta Birmingham
Atlantic.
Canadian Pacific.
Houston & Texas Central.
Northwestern
Battle Creek & Sturgis
Bay City & Battle Creek
Bell's
&
Louisville
A Birmingham
& Northwest
Beech Creek Coal
—
Southern Railway Co.
Atlantic Coast Line RR.
Pennsyl vania
American Telephone & Telegraph.
Allegheny Valley
Bell Telephone
American
American
American
American
American
American
American
American
American
American
&
Lake Shore
Michigan Southern.
Michigan Central.
Pennsylvania Coal
& Coke
&
Coke.
Cambria & Clearfield.
Rutland RR.
Gap
Bennington & Rutland
Bertram (John) & Sons
Bethlehem Iron
Big Sandy
Binghamton Gas Works
Bethlehem Steel Corporation.
Chesapeake & Ohio.
American Light & Traction.
St. Louis & San Francisco.
Kansas City Memp. & Birmingham.
Missouri Kansas & Texas.
Old Colony.
Boonville Bridge
Boston Clin. Fitch. & New Bed
Boston & New York Air Line
New York New Haven & Hartford.
Boston Rubber Shoe
United States Rubber (Miscel. Co's)
Boston Winthrop & Shore
Boston Revere Beach & Lynn.
Boyer Valley __
Chicago & North Western.
Brooklyn A Montauk
Long Island.
Brooklyn & New York Ferry
Brooklyn Ferry.
Brunswick & Western
Atlantic Coast Line RR.
Buffalo & Southwestern
Erie RR.
Bullock Electric Manufacturing
Allis Chalmers Co.
Burlington Cedar Rap. & Northern. Chicago Rock Island & Pacific.
&
Missouri River
Chicago Burlington
California & Oregon
California Pacific
&
Quincy.
Central Pacific.
Southern Pacific RR.
People's Gas Light & Coke.
Camden & Atlantic
West Jersey & Sea Shore.
Canada Central
Canadian Pacific.
Carnegie Co
United States Steel Corporation.
Carolina Central
Seaboard Air Line.
Cedar Falls & Minnesota
Dubuque & Sioux City.
Cedar Rapids Iowa Falls & N. W. ..Chicago Rock Island & Pacific.
Chicago & North Western.
Cedar Rapids & Missouri River
Central Branch Union Pacific
Central Branch.
.South Yuba Water.
Central California Electric
Calumet Gas
Canada
Maine.
Houston & Texas Central.
New Amsterdam Gas.
Atlantic Coast Line RR.
Southern Railway.
Southern Railway.
Delaware & Hudson.
Rutland RR.
Southern Railway.
Chicago & Erie.
Chicago Burlington & Quincy.
Chicago Cincinnati & Louisville.
Chicago Subway.
People's Gas L. & Coke.
& Rapidan
Chateaugay Ore & Iron
Chatham & Lebanon Valley
Chattanooga Rome & Southern
Chicago & Atlantic
Chicago Burlington & Northern
Cincinnati
it
&
Central of Ga. Ry.
Baltimore & Ohio.
Charlottesville
Chicago
Chicago
Chicago
Chicago
Chicago
Chicago
Chicago
Chicago
Chicago
Chicago
Chicago
Chicago
Chicago
Chicago
Chicago
Chicago
Chicago
Chicago
Chicago
Chicago
Atlantic.
Boston
Central Counties
Central Massachusetts
Central of Ga. RR. & Banking
Central Ohio
Central Texas & Northwestern
Central Union Gas
Charleston & Savannah
Charlotte Columbia & Augusta
Dock
Gas
Gas Light & Coke
& Grand Trunk
it Great Western
Hammond it Western
.People's Gas L.
&
C. (Miscel. Co's).
Grand Trunk Western.
Chciago Terminal Transfer RR.
Chicago Junction.
Chicago & Eastern Illinois.
A Indiana Coal
Ind. A St. Louis Short Line. Cleveland Cin. Chic. & St. Louis.
Pere Marquette.
& North Michigan
& Northern Pacific
Chicago Terminal Transfer.
A Ohio River
Cincinnati Indianapolis & Western.
Chicago Milwaukee & St. Paul.
Pacific
See Atchison System, Apr., '96, Sup.
Santa Fe & California.
Atchison Topeka & Santa Fe.
& St. Louis
St. Louis & New Orleans ..Illinois Central.
Pit tsb'rg Cincinnati Chicago & St. L.
St. Louis A Pittsburg
St. Paul it Minneapolis
Chicago St. Paul Minn. & Omaha.
--.til hern
Southern Indiana.
Wisconsin Central.
Wisconsin it Minnesota
Choctaw A Met ph
Chicago Rock Island A Pacific.
Chocl lw
A Gull
.Chicago Rock island A Pacific.
a
Cincinnati Indianapolis A Western.
Cincinnati Hamilton A Indianap
Cinlcnnatl Ind. St. Louis & Chicago Cleveland Cin. Chic. A St. Louis.
Cincinnati A Indiana Western
Chicago Cincinnati & Louisville.
Cincinnati Richmond A Muncle
Chicago Cincinnati it Louisville.
Cincinnati Sandusky & Cleveland ..Cleveland Cin. Chic. A St. Louis.
Cincinna
.Cincinnati New Orleans & Tex. Pac.
rn
Cincinnati R aba h A Michigan ... Cleveland Cin. Chic. A St. Louis.
Clalrton Steel
United States Steel Corporation.
Clearfield Bituminous Coal
Beech Creek,
.v-
(
on
Cleveland Columbus Cin.
m
i
i
orain
,v
hid.
,v
it
Clearfield.
Cleveland Cin. chic.
Baltimore A Ohio.
Baltimore A Ohio.
..We tern Maryland.
Chesapeake A Ohio.
A Wheeling
Terminal
Coal
Coal
Cambria
A
Valley
iron Ry.
&
St. Louis.
Western
International .v G resit Northern.
Colorado Bridge
Colorado Indu trl
Co.
Colorado Fuel A Iron.
Columbia & Green llle
Southern Railway.
Columbian i-.l. Car Light. A Brake Consol. Ry. El. Lighting it Equip.
Columbia & St. Louis
.Waba
Columbus Connecting & Terminal
Norfolk A Western.
Columbus A Hocking Valley
Hocking Valley.
a indisuisipoiis Central
I'm b. ClncinnatLChlc. A St. LouIb.
Columbu
Flocking Valley.
Columbu A Toledo
Commercial Cable
..Mackay Companies.
Coin"
lion Telegraph
lal Cable.
Ion ol
Con olidated Gas Co. ol Bait
Ga
Elec. Lighl A Power.
il
.
i
-
-
i
I
<
.
illdated ice
ted tndl
ol. Kan.
Ami
ma
Coal
City Smelt'g
lidated Real Estate
Olidated Stone
'
'Gas
it
i
lean
ice.
Island A Pacific.
Refln'g. American Smelting A Refining,
Lehigh Valley.
Chic. Indian. ,V Louisville.
Peopl
Ga L. A C. (Miscel. Co's).
I
&c.
be found by reference to the index below.
Will Be Found Under—
Name.
Continental Coal
Continental Tobacco
Current River
Hocking Valley.
American Tobacco.
Kansas City Fort Scott
Dakota Central
Dakota & Great Southern
Dallas
& Waco
Danbury & Norwalk
Danville
& Grape
& Memphis.
Chicago & North Western.
Chicago Milwaukee & St. Paul. V.
Missouri Kansas & Texas.
New York New Haven & Hartofrd.
Chicago & East. Illinois.
.Tennessee Coal & Iron (Miscel.'
Lehigh Valley.
Creek
De Bardeleben Coal & Iron
Delano Land
Denver Consolidated Gas
Denver Gas & Electric.
Des Moines & Minnesota
Chicago & North Western.
Detroit Grand Rapids & Western ..Pere Marquette.
Detroit
Detroit
Detroit
Detroit
Detroit
& Lima Northern
Mackinac & Marquette
Monroe & Toledo
River Tunnel
Southern
Detroit Southern.
See Miscellaneous Companies.
Lake Shore & Michigan Southern.
Michigan Central.
Detroit Toledo & Ironton.
Northern Pacific.
Dutulh Short Line
Durham & Northern
Seaboard Air Line.
East River Gas
New Amsterdam Gas.
East Tenn. Va. & Ga
Southern Railway.
Eastern Equipment
Pere Marquette.
Eastern of Mass. (also East.of N.H.). Boston & Maine.
Eastern of Minnesota
Great Northern.
Easton & Amboy Easton & North. Lehigh Valley.
Edison Elec. 111. of Brooklyn
Kings Co. Elec, Light & Power.
Edison Electric Light & Power
San Francisco Gas & Electric.
Edison Elec. 111. of N. Y.
Consolidated Gas Co. of New York.
Electric Axle Light & Power
Consol. Ry. Elec. Light'g & Equip.
Ellwood'Short Line
Baltimore & Ohio.
El Paso & Northeastern NR
.New Mexico Railway & Coal.
Equitable Gas Light & Fuel
People's Gas L. & C. (Miscel. Co's).
Equitable Gas Light Co. (N. Y.)
New Amsterdam Gas.
Erie & Jersey..
Erie RR.
Erie & Kalamazoo
Lake Shore & Michigan Southern.
Erie & Western Transportation Co.. Pennsylvania RR.
Eureka Springs
St. Louis & North Arkansas.
—
Niles-Bement-Pond.
Birmingham Belt
Birmingham Equipment
Burlington
may
the tables in their alphabetical order
in
European
&
North American
Maine Central.
Evansville Henderson & Nashville. .Louisville & Nashville.
Evansville Terre Haute & Chicago.. Chicago & Eastern Illinois.
& Southern
Chicago Milwaukee & St. Paul.
Federal Steel
United States Steel Corporation.
Flint & Pere Marquette
Pere Marquette.
Florida Central & Peninsular
Seaboard Air Line Ry.
Florida Southern .Savannah Florida & Western
Fort Smith & Van Buren Bridge
St. Louis & San Francisco.
Fort Worth & New Orleans
Houston & Texas Central.
Fort Worth & Rio Grande
St. Louis & San Francisco.
Fremont Elkhorn & Missouri Valley. Chicago & North Western.
Fargo
Galveston Houst. & Nor
Galveston Har. & San Antonio.
General Rubber
United States Rubber.
Georgia & Alabama
Seaboard Air Line Ry.
Georgia Carolina & Northern
Seaboard Air Line Ry.
.
Georgia Pacific
Southern Railway.
Grand Rapids Gas Light
American Light & Traction.
Grand Rap. Kalk. & Southeastern.. Pere Marquette.
Grand River Valley
Michigan Central.
Green Bay Winona & St. Paul
Green Bay & Western.
Gulf & Chicago
Mobile Jackson & Kansas City.
Hancock & Calumet
Hannibal
&
St.
Mineral Range.
Chicago Burlington
& Quincy.
New York New Haven & Hartford.
& St. Paul.
..Louisville & Nashville.
Joseph
Harlem River & Portchester
Hastings & Dakota
Henderson Bridge
Hereford
Hoboken Ferry
Holly Manufacturing Co
Hoosier Equipment
Housatonic
Hudson Coal
Huntington & Rig Sandy
Hutchinson & Southern
Chicago Milwaukee
Maine Central
N.Y. &Hobok.Ferrv
(Miscel. Co's).
International Steam Pump Co.
Cincinnati Richmond & Muncie.
.New York New Haven & Hartford.
Delaware & Hudson Co.
Ohio River.
Atchison Topeka & Santa Fe.
Illinois Tunnel
Chicago Subway.
Imperial Rolling Stock..
.Canadian Northern.
Indiana Bloomington & Western ..Peoria & Eastern.
Indiana Illinois A Iowa
Chicago Indiana A- Southern.
Indianapolis Cin. A Lafayette
Cleveland Cin. Chic. & St. Louis.
Indianapolis Decatur & Western ...Cincinnati Indianapolis & Western.
Indianapolis & Louisville
Chicago Indianapo. & Louisville.
Indianapolis & St. Louis
Cleveland Cin. Chic. & St. Louis.
Indianapolis A Vincennes
Vandalia RR.
International Navigation.
International Mercantile Marine.
Iowa it Dakota
Chicago Milwaukee it St. Paul.
Iowa Falls & Sioux City
Dubuque A Sioux Citv.
Iowa Minnesota & Northwestern. ..Chicago & North Western.
Jackson Lansing A Saginaw
Michigan Central.
Jefferson Clearfield Coal & Iron
Buffalo Rochester it Pittsburg.
Jefferson Madison A Indisuisipoiis. ..Pittsburg Cincinnati Chic. A St. L.
.Johnson Co. of Pennsylvania
United States Steel Corporation
.Toilet .t Chicago
Chicago A Alton.
Junction it Breakwater
Delaware Maryland & Virginia.
Kalamazoo Allegan A Or. Rapids.. .Lake Shore A Michigan Southern.
Kalamazoo A White Pigeon
Lake shore A Michigan Southern.
Kanawha A Hocking Coal it Coke.. lock ins; Ysilloy.
Kankakee A Southwestern
Illinois Central.
Kansas City Fort Scott A Gulf
Kansas City Port Scott A Memphis.
Kansas City A Memphis Ry. Bridge. Kansas City Fort Scott it Meinpliis.
Kansas City A I'sieitic
Missouri Kansas A Texas.
Kansas City Pitts. & Gulf
Kansas City A Southern.
Kansas City St. J. A Go. Bluffs
Chicago Burlington it Quincy.
Kansas City St. Louis A Chicago ..Chicago A Alton.
KansasCity A Missouri
Kansas City Ft. Scott it Memphis.
Union Pacific,
Kansas Pacific
Louisville A Nashville.
Kentucky Central
Kentucky Distilleries A Warehouse . Hstilling Co. ol America.
Knox A Lincoln
Maine Central.
Lake Erie A Detroit River ..
Pere Marquette.
Lake Superior Consol. iron Mines United States steel Corporation.
Lamson Consol. Store Service
American Pneumatic Service.
Leamington A St. Clair
.Canada Southern,
I
i
Lehigh a Delaware
Lehigh A New York
Lehigh A Susquehanna
Lehigh A Wllkesbarre Coal
Leroy <S Caney Valley
Lexington & Frankfort
.Lehigh & New England.
Lehigh Valley.
Lehigh Coal A Navigation (Miscel.
._.
.
Central RR. of New Jersey.
Missouri Pacific,
Louisville <S Nashvle (L. C. it Lex.
Internationa] Mercantile Marine.
Chicago Burlington A Quincy.
Buffalo Rochester A Pittsburg.
Ley I and Line
Lincoln & Northwestern
Lincoln Park A Charlotte
Lindsay Bobcayeeon A Pontypool. .Canadian Pacific.
Little Rock Bridge
Chicago Rock Island
.
St
Pacific.
v
INDEX.
July, 1906.
—
Will Be Found Under —
—LittleR.&Ft.SmithMissouri
& Mach. Co. of Montreal.. See American Locomotive Co.
Name.
Pacific.
LittleRockJct.
Locomo.
Erie RR.
Long Dock Company
Long Island.
Long Island City & Flushing
Long Island Electrical Companies.. Long Island.
Louisiana
&
Chicago
Missouri River
&
Alton.
Louisville Cincinnati & Lexington.. Louisville & Nashville.
Louisville & Nashv.
L. C. & Lex.
Louisville & Frankfort
Louisville & Nashville.
Louisville & Nashville Terminal
Indianapolis & Louisville.
Louisville New Albany & Chicago.. Chicago
Illinois Central (Yazoo & M. V.)
Louisville New Orleans & Texas
Southern Railway.
Louisville Southern
—
American Light & Traction.
Madison Gas & Electric
Lake Shore & Michigan So. System.
Mahoning Coal
Manitoba Southwest'n Colonization. Canadian Pacific.
Chicago & North Western.
Mankato & New Ulm
Maricopa & Phoenix & Salt Riv. Val.
Maricopa & Phoenix
Atlanta Knoxville & Northern.
Marietta & North Georgia
Marquette & Bessemer Dock & Nav.Pere Marquette.
Marquette Houghton & Ontonagon. Duluth South Shore & Atlantic.
Maryland & Pennsylvania.
Maryland & Pennsyl. Terminal
Connecticut & Passumpsic.
Massawippi
Kentucky Central. Louis. & Nash.
Maysville & Lexington.
Pittsb.McKeesport & Youghiogheny
McKeesport & Belle Vernon
Southern Railway.
Memphis & Charleston
—
St. Louis Merch'ts' Bridge Ter.
Merchants' Bridge
Metropolitan Elevated
Mexican Eastern
Michigan Lake Superior
Midland of New Jersey
RR.
Manhattan Elevated.
Interoceanic of Mexico.
Lake Superior Corporation.
New York Susquehanna & Western.
Cripple Creek Central.
Midland Terminal
Wisconsin Central.
Milwaukee & Lake Winnebago
Milwaukee Lake Shore & Western.. Chicago & North Western.
Chicago Milwaukee & St. Paul.
Milwaukee & Northern
Northern Pacific.
Minneapolis & Duluth
Minneap. St. P. & Sault Ste. Marie.
Minneapolis & Pacific
Minneap. Sault Ste. Marie & Atl' tic. Minneap. St. P. & Sault Ste. Marie.
Minneapolis Union, Minn. Western. Great Northern.
Minneapolis & St. Louis.
Minnesota Dakota & Pacific
Chicago & North Western.
Minnesota & Iowa
Chicago & North Western.
Minnesota & South Dakota
Chicago & Alton.
Mississippi River Bridge
Missouri Kansas & Texas.
Missouri Kansas & Eastern
Missouri Kansas & Texas.
Missouri Kansas & Oklahoma
St. Louis & San Francisco.
Missouri & Western
Mobile & Ohio.
Mobile & Bay Shore
Baltimore & Ohio.
Monongahela River RR.
Chicago Indianapolis & Louisville.
"Monon Route"
Great Northern.
Montana Central
Grand Trunk.
Montreal Warehousing
Montauk Extension RR
Long Island.
Lehigh Valley.
Morris Canal
Consolidated Gas of New York.
Mount Morris Electric Light
Mt. Vernon Woodberry Cot. Duck.. Consolidated Cotton Duck.
Mutual Fuel Gas
People's Gas Light & Coke.
Nashville Florence
& Sheffield
Louisville
&
Nashville.
Corn Products.
United States Steel Corporation.
Chicago Burlington & Quincy.
Consolidated Gas of New York.
Canadian Pacific.
National Starch
National Steel
Nebraska
New Amsterdam Gas
New Brunswick
New England
New York New Haven & Hartford.
Newburg & New York
Erie RR.
New Haven & Derby
New York New Haven & Hartford.
New Orleans Mobile & Texas
Louis. & Nash. (N O.
Mobile Div)
Newport & Cincinnati Bridge
Louisville & Nashville.
Newport & Richford
Connecticut & Passumpsic.
New York Bay Extension
Long Island.
New York Biscuit
National Biscuit.
New York Elevated
Manhattan Elevated.
New York & Erie
.Erie RR.
New York Fire Protection
American Dist. Tel. Co. of N. J.
N. Y. Gas Elec. Lt. Heat & Power.. Consolidated Gas of New York.
New York Glucose
.Corn Products.
New York Lake Erie & Western
Erie RR.
New York Mutual Gas
Consolidated Gas of New York.
New York & N. Eng. Bost. Term.. New York New Haven & Hartford.
New York & Northern
New York & Putnam.
New York Pennsylvania & Ohio
Erie RR.
New York Providence & Boston
New York New Haven & Hartford.
N. Y. & Queens Gas & Electric
N. Y. & Queens Elec. Lt. & Power.
New York & Rockaway
..Long Island.
New York Texas & Mexican..
Galveston Har. & San Antonio.
New York & Wilkesbarre Coal
New York Susquehanna & Western.
<fe
.
Niles Tool
Nodaway
Works Co
Niles-Bement-Pond Co.
& Quincy.
Valley
Chicago Burlington
Norfolk <fe Carolina
Atlantic Coast Line
Norfolk Terminal & Transportat'n.. Chesapeake & Ohio.
& New
Northampton
Lehigh
Northeastern Cuba
Northeastern RR. of So. Carolina
Cuba Eastern.
Atlantic Coast Line
Ocean Steamship
Ogden Gas.
Ogdensburg & Lake Champlain
Ogdensburg Terminal
Ohio Indiana & Western
Ohio & Little Kanawha
Ohio River
Ohio Southern
Ohio & West Virginia
Omaha & Grant Smelting..
Ontario & Quebec
Oswego & Rome
Ottumwa Cedar
Falls
&
St.
Ozark Equipment
RR.
England.
RR.
Chicago & North Western.
..North Shore.
..Chic. St. Paul Minn. & Omaha.
Southern Pacific RR.
.Bangor & Aroostook.
United Fruit (Miscel. Companies).
Grand Trunk Western.
Chicago & North Western.
Northern Illinois
North Pacific Coast
North Wisconsin
Northern California
Northern Maine Seaport
Northern Ry. of Costa Rica
Northwestern Grand Trunk
Northwestern Union
...Central of Georgia Ry.
People's Gas Light & Coke.
Rutland RR.
.Rutland RR.
...Peoria & Eastern.
Baltimore & Ohio
...Baltimore & Ohio.
.Detroit Toledo & Ironton.
Hocking Vallev.
American Smelting & Refining
Canadian Pacific.
Rome Watertown & Ogdensburg.
Paul. ..Chicago & North Western
Kansas City Ft. Scott & .Memphis.
Pembroke Southern
Penn.-Maryland Coal.
Pennsylvania 4 N. Y. Canal.
Pennsylvania & Northwestern
Penobscot Shore Line
Canada Atlantic
..Pennsylvania Steel.
Lehigh Valley
Cambria &
Clearfield.
..Maine Central.
Pensacola & Atlantic
Louisville & Nashville
Peoria & Northwestern..
Chicago & North Western.
Petersburg .
Atlantic Coast Line RR.
Plula. Germant'n & Chestnut Hill.. Connecting Ry
Philadelphia
Piedmont
.v-
& Reading
Cumberland...
Western
Pine Bluff ,t
Pittsburg Cleveland & Toledo
Pittsburg Junction
Pittsburgh Lisbon & Western.
Reading Company.
Western Maryland
St
Louia Iron Mount. & Southern.
Baltimore & Ohio
.
...Baltimore <t Ohio.
Wheeling & Lake Erie
183
Will Be Found Under
Name.
Baltimore & Ohio.
Pittsburg Newcastle & Lake Erie
Pittsburg Bessemer & Lake Erie.
Pittsburg Shenango & Lake Erie
Pennsylvania.
Pittsburgh Virginia & Charleston
Baltimore & Ohio.
Pittsburg & Western.
Kansas City Clinton & Springfield.
Pleasant Hill & De Soto
Denver & Rio Grande.
Pleasant Valley Coal
..Maine Central.
Portland & Ogdensburg
Boston & Maine.
Portland & Rochester
Portsmouth Great Falls & Conway. .Boston & Maine.
Mackay Companies.
Postal Telegraph Cable
Western Maryland.
Potomac Valley
Niles-Bement-Pond Co.
Pratt & Whitney
Santa Fe Prescott & Phoenix.
Prescott & Eastern
Chicago & North Western.
Princeton & Northwestern
New York New Haven & Hartford.
Providence & Springfield
New York New Haven & Hartford.
Providence Terminal
Raleigh
&
Ral. & Gaston Seaboard Air Line.
Ohio River.
Chicago Burlington & Quincy.
Southern Railway.
Atlantic Coast Line RR.
Southern Railway.
Denver & Rio Grande.
Augusta.
Ravenswood Spencer &
Glenville
Republican Valley
Richmond & Danville
Richmond & Petersburg
Richmond York River & Ches
Rio Grande Western
River Front
Rochester & Pittsburg
Rochester & Pittsburg Coal
Pennsylvania.
Buffalo Rochester & Pittsburg.
& Iron. Buffalo Rochester & Pittsburg.
Chicago Rock Island & Pacific.
Louisiana
Island Ark. &
Rutland-CanadianRutland Transit
Rock
St.
St.
St.
St.
St.
St.
St.
St.
St.
St.
St.
Rutland
Rutland RR.
.
Wabash.
Charles Bridge
Clair Madison
Clair Steel
Clair Terminal
&
& Illinois Bridge & Belt.
United States Steel Corporation.
United States Steel Corporation.
St. Louis Belt.. Missouri
RR
American Light & Traction.
Canadian Pacific.
Terminal Association of St. Louis.
Louis Bridge
Louis Council Bluffs & Omaha.. Wabash.
Louis Iron Mount'n & Southern. Missouri Pacific System.
Louis Southern
Illinois Central System.
Louis Wichita & Western
St. Louis & San Francisco.
"St. Paul"
Chicago Milwaukee & St. Paul.
Northern Pacific.
St. Paul & Duluth
American Light & Traction.
St. Paul Gaslight
St. Paul Minneapolis & Manitoba
Great Northern.
St. Paul & Sioux City bonds
Chic. St. Paul Minn. & Omaha.
Joseph Gas
& Ottawa
Lawrence
St. Paul Stillwater
&
T.
F
Sandusky Mansfield & Newark
San Francisco & San Joaquin Val
Saranac & Lake Placid
..Chic. St. Paul Minn.
Baltimore & Ohio.
Sault Ste. Marie & Southwestern
Savannah Florida & Western
Schenectady & Duanesburg
Schuylkill River East Side
Scioto Valley & New England
Seaboard & Roanoke
Sea Coast
Sherman Shreveport & Southern
Shore Line
Shreveport Bridge & Terminal
Silver Springs Ocala & Gulf
Sioux City & Pacific
Sodus Bay & Southern
South Carolina & Georgia
South Platte Canal & Reservoir
Southeastern & St. Louis
Southern Iowa
Southern Minnesota
& Omaha.
& Santa Fe.
Chateaugay & Lake Placid.
Chic. St. Paul Minneap. & Omaha.
Atchison Topeka
RR.
& Hudson.
Baltimore & Ohio.
Norfolk & Western.
Atlantic Coast Line
Delaware
Seaboard Air Line.
Atlantic City.
Missouri Kansas
& Texas.
New York New Haven &
Hartford.
St. Louis Southwestern.
Atlantic Coast Line
RR.
Chicago & North Western.
Elmira & Lake Ontario.
Southern Ry., Carolina Division.
Denver Union Water.
Louisville
&
Nashville.
Chicago & North Western.
Chicago Milwaukee & St. Paul.
Southern Pacific Branch
Southern Pacific of California.
Southwest Pennsylvania
Pennsylvania.
Spartanburg Union & Columbia
Southern Ry., Carolina Division.
Spokane Falls & Northern.
Great Northern.
Springfield Union Depot
Cleveland Cin. Chic. & St. Louis.
Standard Gas
..Consolidated Gas.
Sturgis Goshen & St. Louis
Lake Shore & Michigan Southern.
Sugar Trust
American Sugar Refining.
Sumter & Wateree
Southern Ry., Carolina Division
Sunbury Hazleton & Wilkes-Barre. Pennsylvania.
Sunbury & Lewiston
Pennsylvania.
Taylor's Falls
Tarkio Valley
Terre Haute
Terre Haute
Terre Haute
& Lake
Superior
& Indianapolis
& Logansport
& Southeastern
Northern Pacific.
Chicago Burlington
Vandalia RR.
Vandalia RR.
Evansville
&
&
Quincy.
Indianapolis.
Texas Mexican
National RR. of Mexico.
Texas & Oklahoma
Missouri Kansas <fe Texas.
Toledo Angola & Western
Toledo Rv. & Terminal.
Toledo Canada Southern & Detroit.. Michigan Central.
Toledo Riverside
Toledo Ry. & Terminal.
Toronto Grey & Bruce.
..Canadian Pacific.
Troy & Boston
Fi tchburg.
Tuunel Railroad of St. Louis
Terminal Ass'n of St. Louis.
Elec. Light & Power, Balt.-.Consol. Gas Elec. Lt. & Power.
Elec. Lt. & Power of N. Y... Consolidated Gas.
States Cordage
Standard Rope & Twine (Misc.Co's).
States Leather
Central Leather.
States Sugar Refinery
National Starch.
Upper Coos
Maine Central.
Utah Central
Denver & Rio Grande.
United
United
United
United
United
Denver & Rio Grande.
Oregon Short Line.
Rome Watertown & Ogdensburg.
Uath Fuel
Utah & Northern
Utica
&
Black River
Verdigris Val. Independ'ce
& West
Vermont Valley
Vicksburg & Meridian
Waco & Northwestern
Walker Co
Warwick Valley
Washington Ohio & Western
Webster Coal & Coke..
Wellington Grey & Bruce...
West River
West Va. Cent. & Pittsburgh
Western Equipment
Western Minnesota
Western North Carolina
Western Pennsylvania
West Jersey
West \irginia
Pittsburg
.Missouri Pacific.
Connecticut River.
Alabama & Vicksburg.
& Texas Central Railway.
West'ghouse E1.& Man. (Misc.Co's).
Lehigh .t Hudson River.
Southern Rv.
Pennsylvania Coal & Coke.
.Grand Trunk.
Houston
New London
Northern.
Western Maryland.
Pere Marquetl
Northern Pacific.
Southern Railway.
Pennsylvania.
ashore.
...WestJei
<fe
Baltimore & Ohio.
Wilkes-Barre ft Eastern
N. Y. Susquehanna & Western.
Willmar <v Sioux Falls
Great Northern.
Wilmington Columbia <fc Augusta. ..Atlantic Coa !l Line I! R.
Wilm. & Weldon Wilm.& NewbernAtlantic Const Line RR.
Winona >V St. Peter...
Chicago & North Western.
Wisconsin Valley
Chicago Milwaukee <fe St. Paul.
Wood Worsted Mill Corporation
American Woolen.
Worthington, Henry R. Co
International Steam Pump Co.'
York .t Peach Bottom
Maryland & Pennsylvania.
Yosemite Shorl Line.
Sierra Ry. ol Californi
—
'
184
Fversz & Company
BANKERS
220 LA SALLE
37 PINE STREET
ST.
CHICAGO
NEW YORK
RAILROAD BONDS
Marshall, Spader
74
&
Company
BROADWAY AND WALDORF-ASTORIA,
NEW
YORK.
MEMBERS
NEW YORK COFFEE EXCHANGE,
EXCHANGE,
NEW YORK STOCK
NEW YORK COTTON EXCHANGE,
CHICAGO BOARD OF TRADE,
PHILADELPHIA STOCK EXCHANGE.
BRANCH
OFFICES:
UNION TRUST BUILDING,
HOTEL BELLEVUE-STRATFORD,
BALTIMORE.
PHILADELPHIA.
216 LA SALLE STREET
CHICAGO,
A. O.
Me mb e„
N. Y. Stock Exchange.
N. Y. Cotton Exchange.
Chicago Board of Trade.
„
ILL.
Brown
,
30 Broad
Street,
XT
New
Co.
&:
-\r
)
Wires
to all
Principal Cities.
York.
BRANCH OFFICES:
Waldorf-Astoria, N. Y.
Scranton. Pa.
Buffalo, N. Y.
Erje, Pa.
Cincinnati, 0.
Williamsport, Pa.
Wilkeo-Bartt, Pa.
Railway Bonds and other Investment Securities
A
Specialty.
MASON, LEWIS &
CO.,
BANKERS,
PHILADELPHIA,
CHICAGO,
MONADNOCK BLDG.
BOSTON,
CHESTNUT
60 DEVONSHIRE ST.
SOS
Municipal, Railroad
and
ST.
Corporation Bonds.
CHOICE ISSUES OF
STREET RAILWAY AND GAS COMPANIES.
LIST
We
ON APPLICATION.
solicit offerings
of entire
issues
of
WATER WORKS aad
GAS AND ELECTRIC CO
ITEAM RAILWAY,
ELECTRIC RAILWAY,
ZBOZNTDS.
HAYES & SON
Chamber
State Street, Corner Devonshire Street,
Commerce
CLEVELAND,
BOSTON.
E. D.
of
SHEPARD &
Building,
O.
CO.,
BANKERS
NASSAU ST., NEW YORK
COR. MILK & DEVONSHIRE STS., BOSTON
31
BONDS FOR INVESTMENT
T.
A McINTYRE & COMPANY,
MEMBERS OF NEW YORK STOCK EXCHANGE,
71
BROADWAY:
-
-
NEW
YORK.
United States Government Bonds.
INVESTMENT SECURITIES.
GUARANTEED
STOCKS.
Minn
!!
THEO.
FREELAND, president
H.
EDMUND
C.
WARREN
L.
CONVERSE
CHAIRMAN OF THE BOARD
GREEN, VICE-PRESIDENT
JARED K. MYERS, SECOND VICE-PRESIDENT
JOHN E. CURRIER, SECRETARY AND TREASURER
'-
^XK.M#Jnr&i%?'''
AMERICAN BANK NOTE COMPANY
78 to 86
TRINITY PLACE,
NEW YORK
BUSINESS FOUNDED 1795
ENGRAVERS AND PRINTERS OF BONDS AND STOCK CERTIFICATES
And
all
Stamps
other documents requiring security; Bank Notes, Bonds, Postage and Revenue
for Foreign Governments; Drafts, Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed
in the finest
and most
from steel plates, with special safeguards to
Special papers manufactured exclusively for use of this Company.
prevent counterfeiting.
artistic style
SAFETY COLORS
WORK EXECUTED
IN
%
SAFETY PAPERS
FIRE-PROOF BUILDINGS
aim
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and illuminated Show Cards of the most approved styles.
Numbered, Local and Coupon Tickets of any size, pattern, style or device, with steel plate tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
III
HOI
I
@FedFRASER