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The INVESTORS'
SUPPLEMENT
OF THE
(C
ommercial &
f iNANCiAL
hronicle.
(]|
GENERAL INDEX.
Page.
EDITORIAL ARTICLES.
FUEL SAVING
STEEL-TIRED AND CHILLED CAR WHiJfeLS
IMPROVED METHODS IN USING EQUIPMENT
-
-
5
-
6
7
THE MASTER CAR BUILDERS' COUPLER
STEAM RAILROADS
8
9
MISCELLANEOUS COMPANIES
GAS COMPANIES, (See also Miscellaneous.")
*'
150
169
-
NEW YORK AND BROOKLYN BANKS
NEW YORK AND BROOKLYN TRUST GO'S
N. Y.
AND BROOKLYN FIRE INSURANCE
a"-CLl3r
WILLIAM
B.
lu
GO'S
-
160
29, 1899.
DANA COMPANY, PUBLISHERS,
PINE STREET, corner PEARL STREET,
coordlng to Act of Congre«H
1(59
169
the year 1899,
l>y
William
B.
Dana
NEW YORK.
(^>mi'ar r, In offloo of Librarian of Congross, Waahlngton,
T).
CI
JOHN
'-
IN
MEMBERS OF
Buy and
"I
HIGH-CLASS INVESTMENT SECURITIES.
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&
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IVEA^
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SUPPLEMENT
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&HNANCIAL
F
c OMMERCIAL
[Entered sooordluK to Aot of Congress In the year 1899, by William B.
NEW
The
c
Dana Company, In the office of
YORK, JULY
Commercial and Financial
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FUEL SAVING.
The
one of the most important expenses in railroad operation, larger indeed in many
cases than any other single item of expenditure exIts relation to the total operating
cept wages.
charges necessarily varies a good deal in different
parts of the country, dependent in large measure on
the nearness of a railroad to mines and the cost of
coal as affected by other circumstances.
But even on
cost of fuel
is
roads favorably situated in these respects the cost of
is very material, and as much and often more
fuel
than 25 per cent of all the motive power expenses.
Questions relating to the economies in this account
have probably been pushed further than in any other
department, and have been discussed more widely and
longer than most of the other economies which have
done so much in recent years to reduce cost of transportation.
The subject is so comprehensive that new
developments, opening up possibilities of fresh savings, are continually
coming
C]
29, 1899.
by changing the size
of coal used.
.Some of the anthracite roads have been
prominent in this respect, having adapted their
engines to burn coal formerly discarded at the breakers
as useless and unmarketable.
The class of engine
used has a very pronounced effect on coal consumption, and considerable advance has been made recently in locomotive designing, in securing engines
which have the reputation of being "coal savers."
The replacement of engines, however, must be necessarily slow, and in the end can only bring about
moderate savings.
The chief fuel economies are as a rule secured by a
better regulation of the selection and handling of the
coal.
As we have pointed out above, the class or
quality of coal used in engines may afford the best
opportunity for effecting a wide retrenchment. If a
cheaper coal than has been customary can be profitably used, a small saving per ton quickly mounts up
to an important sum with the large quantities used
yearly by the railroads.
Something more than the
difference in price between two varieties of coal decides relative cheapness.
The determining factor is
really the amount of power obtainable from each ton.
One company which made a change in the coal ordered
for its engines made an apparent saving of 15 per
8 per cent of its coal
quarterly, is furnished toithout
«etra charge to every subscriber of the
Librarian of Congress, Washington, D.
enough to equal the interest on one of its principal
bond issues. Another company has saved about 6 or
Investors' Supplement.
The Investors' Supplement, issued
HRONICLE
I
bill,
chiefly
cent in cost. The loss of evaporative power in the
cheaper coal offset half of the gain named above, but
the net saving shown was an important item in the
This indicates how carefully the
year's results.
steam- making qualities of coal must be considered in
In the
fixing upon the economy of a cheap coal.
instance mentioned above the loss in poorer steaming
rail-
qualities was only half as large as the difi"erence in
warranted in establishing separate
departments, having independent direct supervision
of the purchase, distribution and consumption of fuel
supplies.
It is by this method of making special
problems of various phases of operation that railroad
managers have been able to accomplish some of their
most noteworthy results in decreasing expenses.
The methodical investigation which it permits and
promotes, together with concentration of ideas by
those with specialized knowledge, is witnessed in increased efficiency at reduced cost.
One large company, which has gone into this question of fuel saving
perhaps more systematically than others, has saved
and a decided economy was effected by replacThe same results would not
ing the costlier fuel.
In the
follow on roads in all parts of the country.
high-priced
use
is
desirable
to
particularly,
it
Far West,
roads have
felt
to hand.
Several
price,
because the cheaper varieties obtainable there
Where a
arc almost worthless as steam producers.
it can
mines
good
near
linos
are
located
company's
usually use with profit mine-run coal, not salable in
fuel,
the general market, and therefore costing little, while
the steaming qualities are not inferior to the marketable sizes.
Economy in
often be made
the distribution and use of coal can
The
as important as in its purchase.
INYESTORS' SUPPLEMENT.
tf
(ToL. LXIX.
whole process of manufacture. The d' sign has not
been much altered during this process of developmer.t
for reducing the fuel expenses, next to the supply of the and evolution, although the size and the weight have
proper coal, if indeed greater saving is not thus pos- increased to correspond more or less with the increase
sible, for a company may be so situated as to be nar- in the hauling capacity of rolling stock.
training of the enginemen in increased (fficiency in
the handling of fuel offers the largest opportunities
The discussion as to the relative merits of different
rowly limited in the fuel that must be supplied to
engines. All, however, can gain or lose much by care- wheels, from the standpoints of safety and cost, is
lessness or prudence in its consumption, and efforts to often animated, and is at best a much vexed one.
educate the employees how to use to best advantage Cast-iron wheels are commonly used in freight
In these service. Until recently they have not been used on
the coal supplied to them are amply repaid
Coal premiums passenger cars or locomotives, the steel-tired wheel
efforts self-interest is appealed to.
variation
of this idea, having been employed almost exclusively in those
are a comparatively familiar
and where this method is systematically and carefully
followed up the results are usually satisfactory. Some
account may be given of the checks used on enginemen, as concerns the use of coal, on one road which
has gone into much detail in introducing fuel economies.
A leading idea is an individual fuel record
with the enginemen. They are provided with a stated
number of coal tickets, which have to be accounted
for at the end of the month, the number used in connection with the car mileage
record of each
man
made determining the
Each engine
in coal performance.
going out on a run is delivered to an engineer with its
tank full of coal or its equivalent in coal tickets, and
the engineer is required to deliver tickets for what
ever coal he needs during his run, and for what would
be needed to fill the tender when he surrenders the
engine at the terminal or to another engineer. The
number of pounds of coal used per car mile run is
calculated monthly and the record of each engineer is
considered in connection with performance and promotion.
More positive methods than this disciplinary and
negative one are used.
Firemen are carefully
management of locomotive
secure the best use of the coal, and with the
personal interest of the engineers in improving their
trained in the intelligent
fires to
records by low-fuel accounts, their experience is enlisted, as it cannot be under ordinary circumstances, to
regulate the coal supply of the engine to the best advantage.
The plan has been used on the road where
it
originated long enough to be able to compare reand it is found that the records show a material
sults,
improvement
in the coal
consumed per
car mile.
The
Such important advances have, however,
been made in the manufacture of the chilled cast-iron
services
wheel that it is now considered safe to use them
under passenger cars, and on a good many roads the
more costly steel tired wheel is being thus replaced.
Up to a comparatively recent date the much greater
safety of the steel-tired wheel was unquestioned;
for that reason it very properly held undisputed
possession of the wheel market for passenger cars.
Very distinct advances in its manufacture have also
been made, particularly in the security of the fastenings for the tire-retaining rings, so that the steel-tired
wheel, always favorably regarded by conservative officials, is now safer and better made than ever before.
The improvements in the manufacture of the
chilled cast-iron wheel have been considerable alsa,
and that wheel now gives very satisfactory results,
both in the length of mileage run and light breakages
under very severe conditions of service. Ten or fifteen years ago it would have been considered hazardous to put the cast wheel in service in which it is now
quite familiar.
One reason for this limited use was
that the quality of different makes of the cast wheel
differed widely, on account of the prevailing competition in their manufacture, a competition from which
the steel-tired wheel has been free to a considerable
extent.
The tests now demanded by progressive railroads are tending to correct this inequality or to decrease the chances of serious consequences.
The use
of the cast wheel has increased so rapidly that many
railroads believe that steel-tired wheels will be used
not long hence in special service only, and chilled cast
iron Avheels take their place in ordinary passenger
proportion naturally varies according to the careful- service.
ness of the enginemen, being reported as high as 25 per
The question,, however, is by no means a settled
cent in some cases, and not above 8 per cent in one. The facts which will determine it are being
others.
One very valuable feature of the monthly gradually gathered. The results obtained with cast
individual records is that they bring out the difference wheels under 50-ton steel cars show them to be safe
in the efficiency of the different men and show which under surprisingly heavy loads.
With the care now
need instruction.
taken in their manufacture and the rigid tests to
which they are subjected, they are making excellent
records for safety and long life. With the relative safeS2 EEL-TIB ED AI^^D CHILLED CAR WHEELS. ty between the two types of wheels thus becoming more
As serious railroad accidents have been due to the uniformly fixed, the cost of the two t3'pe8 becomes a
breakages of wheels under cars and locomotives, much legitimate consideration to the railroads. On this point
attention has been given in recent years to the wheel
question, in order to eliminate accidents from that
much as possible. Formerly wheels were
purchased on the makers' guaranty that they would
make a specified mileage before being worn out; this
has come to be regarded as inadequate protection for the
source as
railroads.
They now very generally
insist
on subject-
ing each lotof wheels purchased to carefully conducted
drop and heat tests to determine their strength and
we
are not permitted to doubt the greater
economy of
may be assumed that a pair of steeltired wheels will run 260.000 miles under a car, while
a pair of cast wheels will run 60,000 miles before being
worn out. The first cost of a pair of steel-tired wheels
is about fifty dollars and of cast wheels ten dollars;
but allowing for the cost of turning and re grindcast wheels.
It
named above, the cost of the
wheel has been figured out as 182 and that
wearing qualities. The stricter specifications of the of the several sets of cast wheels necessary to make
railroads have resulted in a material improvement in the same mileage, $i7
less the value of the old wheels
the quality of the metal used in wheels and in the as scrap, say ^25.
ing to obtain the mileage
steel tired
—
July.
1899.
INYESTOES' SUPPLEMENT.
J
With confidence once established
in the oust wneel,
this great difference in cost will be certain
to be a
determining factor in bringing about a still wider use
But even its advocates do not
of that type of wheel.
recommend its use in all cases under engine trucks,
where it is absolutely essential to have wheels of the
highest quality and strength, the steel wheel is likely
Thty are also adto continue to be exclusively used.
mittedly the best wheel adapted to a service where,
as on mountain roads or on lines with heavy grades,
long and continuous application of the brakes is
necessary, in which case the brake-shoes are liable to
overheat the wheels. On very fast trains, where the
high speeds require wheels of especially large diam-
—
and over, tde steel-tired wheel
give place to any other type, and many
eter, of say 37 inches
is
not likely to
who, while advocating the cast wheel for ordinary
service, believe that where the wheel is over 33 inches
diameter it is advisable to use the steel-tired type.
IMPROVED METHODS IX USISG
EQUIPMENT.
Besides increasing the capacity of their rolling stock
to a remarkable (xtent in the last dozen years,
more
A
^ood (h'al of attention lias been given to the relocation of water and coaling stations, signals, etc., to
place them at the points where trains can be stopped
The starting and stopping of
now run is an important matter, for
may cause excessive damage to the track, and it
to the best advantage.
the heavy trains
they
is not an insignificant item of expense.
Water tanks
and other places where it is essential to stop trains
have been sometimes located at the foot of heavy
grades, or at other points where the loss of time in
stopping and starting a train is excessive and may
mean the burning of an extra ton of coal, all of which
might be avoided by a more convenient location.
Locomotive tenders are being made larger and larger
to carry a more ample supply of water and coal so as
to avoid as many stops as possible, and in many cases
the coaling and water plants are moved at considerable expense, to locations where the cost and delays in
starting and stopping and the wear on the machinery
can be reduced.
Modern locomotives and other rolling stock represent a considerable investment, and it is desirable
to keep them on the road, loaded to their limit, and
earning interest on the capital invested in them.
While this consideration tends in its way to increase
the loads carried, it is necessary to carefully guard
against the overloading of the engine.
A good deal
accomplished
in
this
direction,
but
instances
has been
of excessively-loaded engines and consequent breakdowns are still more or less numerous. In a way the
increase in size and equipment has perhaps tended to
than doubling the number of tons of freight that can
be carried in a train-load, the railroads have learned to
use the individual units of their equipment to much
better advantage. One very important reform bearing
on this question is the]introduction of the tonnagerating plan, the use of which in recent years has become quite general. It is only within the last halfdozen years that very much has been done toward obscure the fact that there is a limit even to the
doing away with the old and unsatisfactory system of capacity of modern equipment. The number of tons
loading engines by the number of cars.
This method that a car may profitably carry is, of course, easily
assigns a definite
number
of
cars to be hauled by an
ascertainable by calculation
and observation, but the
when they
are available, without estimating power which can be exerted by a locomotive econtonnage may amount to. If no care omically is subject to many variables which compliis taken to fully load
cars, one may contain twenty cate the problem.
tons, another live tons, and another may be loaded up
^[otive power, driven beyond its true limit, may
engine,
what their
to the
may
total
limit of
its
capacity.
One
train, therefore,
be easily hauled and another, though consisting
take up a load, but it is done at an unnecessary and
profit-consuming expense.
This is well recognized in
marine service, where the wasterulness in power of
engines worked to give the tremendous speeds de-
same number of cars and perhaps with a more
powerful engine, will be stalled on the first heavy
grade, or break in two on the road.
manded of the modern 'ocean racers" has long been
The tonnage- rating plan, which gives each engine a a typical instance of the undue cost of excessive
dtfinite load, has largely overcome most of the diffi- speed.
In railroad freight service the question of
culties of this nature.
speed is not usually important enough to cause in
Freight movement has been accelerated in various itself undue strain on engines, but that result is
ways also. Bulk freight is usually held until enough brought about by excessive loading. Operating ofhas accumulated for a train-load, but a certain special ficials naturally desire to move as many tons of
traffic which is offered in light loads has to be movtd freight as possible with the engines assigned to them,
promptly.
Where this was formerly loaded in cars but the proper and economical load is not the utmost
which made long trips, carrying but a small portion of that the locomotive will haul. The point beyond
their freight capacity, it is now loaded promiscuously which the load and speed can be increased without an
into cars at shipping centres and forwarded under a uni)rofitablc consumption of fuel and an undue wear
plan which in eome sense is an adaptation of a zone and tear ou the machinery and boiler will be somesystem in freight service. The cars, with their light thing less than the full capacity, and in this question
loads, are forwarded by fast freight from the original the mechanical officers should have large powers of
shipping centres to important junction points and discretion.
there re-loaded into cars arranged in proper station
THE MASTER CAR BUI IDE IIS' COirLER.
order, to be forwarded promptly in the regular trains
for local distribution.
The interests of the shipper
In a veiy little while all the freight carsou the railand of the railroad company are thus equally i-ervtil, roada in this country will be equipped with the autofor the former gets a quicker delivery for his goods, matic vertical-plane coupler adopted by the M.
of the
C
and the
reduces the mileage of lighlly-ioadtd
cars to the minimum, gets the cars promptly returned
latter
for other freight,
them and
and thus secures a larger use
for
a better return for the capital invested in
the equipment.
l'>.
Association about ten years ago. All new freight cars
are so equipped, and the proportion of rolling stock
still having the old fiisliioned couplings consists in the
moat purl of curs wliich are so near tlio limit of their
life that it would be unprofitable to make the Bub-
mVESTOES' SUPPLEMENT.
8
I
Vol. LXIX.
quent unlocking of the couplers while trains are in
remarkable record in the matter of prompt acceptance motion. This causes the train to part in two, and
by the railroads, considering the heavy cost to which it the two sections are liable to collide with one another
has put them.
The air braKC has similarly won or with some other train. Damages to rolling stock
its way into as general use as the coupler, these two from these break-in-twos are frequent and serious
great improvements in the safety of railroad operation enough to cost the railroads a good deal.
It is also charged, though the testimony on this
being developed within about the same time, though the
air brake has not had to overcome the opposition point is not so general as on the others mentioned,
which loog existed to a change from the old link and that the close coupling of the cars causes occasional
pin coupler. That opposition is by no means quieted. derailments, by contributing to a dangerous rigidity
Though the M. C. B. coupler is practically the uni- of the cars on curves, while also bringing about an
versal type of connection between railroad cars, excessive wear of the rail and of the wheel flanges,
the wisdom of its choice is still questioned in some which would be avoided by having more slack between
quarters, and suggestions are frequently made, backed cars as with the old link-and-pin coupler.
up by a good deal of active effort, to undo the work
This is a rather formidable array of objections,
of the last ten years and devise some other form of enough it would seem to do away with any device.
Such is not the case, however. Most of the objeccoupling arrangement for cars.
course
such
a
tions
set forth above are brought forward by those
It may be said at the beginning that
is altogether improbable.
The majority of railroad who regard the vertical plane as the best type of
men are still as staunch advocates as ever of the coupler. Indeed, those who do not consider it imThere is no question, how- mensely superior to the link and pin, or any other sugvertical-plane coupler.
stitution.
The
vertical-plane coupler has established a
ever, that the advantages
from the use
of the
M.
C
B.
gested form of coupling, are very few.
The
dissatis-
coupler have not equaled the expectations of the faction is not with the coupler but rather with the
It defective conditions which at present attend its use.
railroads, held at the time of its introduction.
has not brought about the uniformity in car connec- With the great increase in the number of couplers,
tions, the prospect of which was one of the most con- the M. 0. B. lines of contour or dimensions have been
vincing arguments advanced to secure its adoption; departed from, and it is believed that strict adherence
and
it has not done away with accidents to trainmen
caused by going between the cars to lock or unlock
the couplers. The failure to secure uniformity is
directly due to the innumerable varieties of couplers
used in interchange traffic, and this perhaps may be
attributable to the too liberal attitude of the M. C. B.
Association in regard to the manufacture cf the
coupler.
When the coupler was adopted certain limits of
dimensions were formulated, known as contour lines,
and the form was only limited by the restriction that
all
couplers
must
fall
within these lines, so that though
couplers might be of different
would
freely interchange.
tunate.
Upwards
makes
The
or material, they
result has been unfor-
of one hundred different couplers are
in more or less extended service, and this has caused a
confusion about as bad as in the days of the old linkand-pin type. Though agreeing with the standard contour lines when new, very few of these couplers, when
little worn, will lock with other types, and the worst
of them will not couple with other couplers of similar
manufacture. This destroys the automatic locking
and unlocking features, which were the fundamental
reasons advanced in favor of the adoption of the verti
cal-plane coupler, which, indeed,
is
commonly known
as the automatic type.
Complaint also is made because of the necessity of
carrying large stocks of repair parts for renewals and
weaknesses in design which result in broken
knuckles, etc. The inconveniences to the railroads
and the direct losses suffered by them from these
conditions have been touched upon in a previous issue
in the Investors' Supplement, and may be passed at
of
and more careful specifications would
remove most of the complaints and bring about more
to these lines
reasonable conditions in practice, so that the objects
sought by the adoption of the automatic coupler would
If the multitudinous varieties
reduced
to
a
dozen
or so, the desired results
could be
would probably be realized without anything further
being done. There is no hope of this being accomplished.
The use of one or a limited number of
standards could not be enforced so long as some manufacturer was ready to make couplers at a reduced price..
The whole matter was pretty thoroughly gone over
at the recent convention of the Master Car Builders*
Association, based upon an admirable committee report, whose recommendations were carefully framed
to cover the weak points so far developed in the
coupler question. They proposed to get rid of the
weakness in design and in material by bringing about
an agreement in the vital matter of contour lines and
formulating specifications to govern railroads in the
In this way it is hoped to
purchase of couplers.
With the
get rid of weak and objectionable types.
favorable action taken by the Association on the committee's proposals, confirmed later, as is necessary, by
the approval of the individual railroads, of which
there is no doubt, a long step will have been taken to
bring order out of the chaos into whijh the coupler
question has been allowed to fall. The M. C. B.
standard dimensions are considered to be perfectly
satisfactory, and there is no reason for changing them
The first
or for divergence from them in practice.
point in improving the coupler situation, therefore, is
insistence on the M. C. B. contour lines; then the
careful fixing of the limit of wear allowable in
be actually obtained.
But the failure of the coupler in its automatic features has been so general as to largely de- couplers; providing a careful set of specifications
crease its utility under existing conditions. Trainmen which will be lived up to, and the keeping of the
have etill to go between the cars as in the old link-and- records of couplers in service, so that those tyjies
pin days to couple and release cars, and accidents from which make a bad exhibit in the matter of breakages
this source still continue to be recorded.
As a safety or other defects will be gradually abandoned. We
appliance, therefore, there has been a large measure need not go into technical features of the report nor
Besides all this, another source of acci- describe the means by which the committee proposed
of failure.
dents and expense has been introduced by the fre- that the ends in view be reached.
present.
7
|
RAILROAD
:
:
COMPANIES.
(For Miscellaxeous Companies see pages 150 to 1G8 inclusivk.)
EXPLANATORY.—This SUPPLEMENT is expressly Intended for ase In connection with the Investment news and oWclal reports publlnhfd
from week to week in the Chronicle. Frequent references are therefore made to the volume and page of the Ciikoniclk (oh, V. 61. p. 000)
where fuller Information may be found. Following each statement also Is jrl ven a reference to the latest news Item in the Ciironiclk rospectlng
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.
Index.— Any company not in its regular alphabetical order may be found by njcans of the Index to roads leased and consolidated.
Dicidends.—The divideiuis 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 siook, for lack of space, sometimes only In text below] as foUowa
Miles of Ron<f.— Opposite bonds, this means the miles of road owned covered by the mortgage.
Sise or Par 7(i/«e.— Shows (in dollars unless otherwise marked), the denominations or par value, " 100, Ac," signifying $100 and larger
Mate Per Cc»(/.— The interest and dividend rate, per a>ini<»i Is here shown g., gold; cur., currency x, extra; s. stock or scrip.
When Payable.—J. & J. stands tor January and July F. <fe A., February and Aug'ist; M. A 8., March and September A. & O., April and October;
M. AN., May and Nov.; J. & D., June and Deo.; Q.— J., quarterly from Jan.; Q.— F., (luarterly from Fel).; Q.-M., quarterly from March.
Bonds, principal when due, etc.— This column shows the date when the bonds mature and tlie 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.
or "income mortgage;" g. for "gold;" o. or cur. for "currency;" guar. p. & 1. for "guaranteed principal and Interest; '' cum. for
:
;
;
;
" cumulative " non-cum. for " non-cumulative " couv. for " convertible " pref. for " preferred " s. f. for " sinking fund " 1. gr. for " land
grant " r. " registered; " o. " coupon; " c* " coupon but may be registered as to principal; " br. " branch; " end. " endorsed; " " red." redeemable;
" d'rn" or "drairn" subject to call when drawn by lot; "p. m." "per mile;" as'd " assumed." "x" Principal and interest payaole without
Mortgage Trustees are indicated thus
deduction for any tax which the company may ue required by law to pay. " ii " No more issuable.
;
;
;
;
;
;
Boston—
ChicagoLouisville—
PittsburgA B— American Lean i Trust. EC- Equitable Trust.
Columbia Finance & Tr.
PPi-Fldellty Title & Trust.
CU—
BB— Boston Safe Dep. & Tr. ir— Illinois Trust & Sav. Bk. Flj-Fidelity Tr. & Safety Vlt. P PI— PittsburK Trust.
IB— International Trust.
Lilj— Louisville Trust.
UPi— Union Trust.
I>IC— Merchants' Loan & Tr
New York City—
Trust.
A— AtlanticTrust.
Ce— Central
,
Co— Continental Trust.
P— Farmers' Loan & Trust.
G—
B— MassacUu'tts Loan & Tr. N«!— Northern Trust.
Kiitfland Trust.
RC-Koyal Trust.
O B— Old Colony Trust.
UC— Union Trust.
I
i»l
N B— New
(Juaranty Trust.
K— Knickerbocker Trust.
Ma-Miinhauan Trust.
Me—
N—
.Mercantil. Trust,
nip— Metropolitan Trust.
N. V. fiecurity & Trust.
H— State Trust.
I7n— Union Trust.
17 s— United States Trust.
U. a. Mort. A Trust Co.
Baltimore—
BBaFBn—
Cincinnati—
Ball. Tr. & Guaranty.
Fidelity & Deposit.
CGi— Central Tru.st & Safe
Deposit.
UCi— Union Savings Bank &
;>IBa— Maryland Trust.
:>le Ba— Mercantile Tr.& Dep.
Usm—
S
Ba—
Safe Dep.
& Trust
Philadelphia—
Co.
St. Louis—
FP— Fidelity Insur'nce Trust I»ISt— Mississippi Valley Tr
& Safe Deposit.
St. Louis Trust.
GP— Glrard Life Insurance SSt—
UJSI— Union Trust
Annuity & Trust.
GuP— Guaranty Tr. & S.Dep.
San Francisco—
PP— Penn. Co. for Insur. on
& Gr. Ann.
Knd Tr.& S. Dep.
Lives
WP-West
Trust.
CS— California
&
Safe
Deposit
Trust.
Sabscribers will confer a great favor by giving Immediate notice of any error discovered In tbene Tables.
RAILROADS.
_
For explanation
of
Miles
„
Date
of
of
„.,
column headings. &c. see notes
<£ Asheboro—Aher. & West End 1st mort
AdiroHdoMSfc.- l8tM.,gold, gu. p. <fcl. end., Us o*<fcr]
AUibama Great So?t!A'H—"B" shares (English Co.).
Pref. "A" shares, (English O.) 6%, £800,000....
F.C:
IstM. (American Co.) gold, $1,750,000
Gen.M.,«l, 160,000, red.at 110 June 1, 'gs.Ce.d
(English
o
Co.)
gold
Debentures,
Funded arrears of dividend (English Co.)
Alabama Midland Common stock
Pref. stock, 6 p. ct., non-cum.; no voting power..
l8t M., guar. p.Ai. end. Sav. F. & W., gold.Mp.xc
p xo*
Ist M. Sprague to Luveme, gold
Aia-N. O. Tex. <« Pac. J"unc.— Deferred "B" shares...
Preferred "A" shares, 6 p. c. cumulative
"A" deben., red. aft. Nov.1,'10, atll5— Seetext.o
"B" debentures, income, red. after 1910 at 115.0
"C" deb., income, subject to call any time at 100.
Interest cert, (secured by £34,193 "C" deb.)....
64
57
297
297
297
297
Aberdeen
M
,
175
33
.
Outstanding
1890 $1,000
1892
1,000
1,000,000
£10
£10
1878
1888
$1,000
£100
£100
1888 Various,
SlOO
100
1888 $1,000
1890
1,000
£10
£10
1890 £50 &c.
1890 £20 Ac.
1890 £20 Ac.
143
143
143
143
Fickg&Mrfir— Stock
& Mer. Ist M. gold. $1,000,000.. F.xc
Ala. & Vicks. consol.lst M., ($1,800,000) g..Ce.o
2d M., orig. $700,000. inc. till Apr., '94, g.Ce.c
dt
Vicksburg
n No
Par
100
....
i
1881
1,000
1889 100 Ac.
1889 100 Ac.
,
RR.—
Addison ic Pennsylvania Ky.— Owned Addison, N. Y., to
Gaines, Pa., 41 miles, and leased Gaines to Galeton, Pa., 5 miles.
Foreclosed, three compan'es being formed to take title to the different
portions, all of which in Sept., 189S, leased their respective properties
to the Buff. A Sus. at fixed rentals for 25 years.— V. 67, p. 427.
Adirondack Ry.— Saratoga to North Creek, N. Y., .57 m. Stock,
par, $100. The bonds carry the endorsed guaranty of the
Delaware A Hudson $1,000,000 bonds reserved for extensions at
$2,600,000
;
;
$20,000 per mile of completed road. In year ending June 30, 1898,
fross, $208,305; net, $72,496; other income, $8,405 charges, $52,006
n 1896-97, gross, $199,725; net, $67,810. (V. 59, p. 1102.)
Alabama Great Soathern RR.— f^ee Map Southern Railway.)—
Owns Wauhatchle, Tenn., to Meridian, Miss., 291 miles; branch lines
•wned, 6 miles; leases Wauhatchle to Chattanooga, 5 miles, and Belt
Ry. of Chattanooga, 43 miles trackage to Blockton, Ala., 8 miles, and
Woodlawn, 19 miles total operated, 372 miles.
;
;
;
;
OROANizATtON.— Controlled by Southern Ry., but operated Independently under agreement with Cincinnati Hamilton A Dayton. See V. 60,
p. 36; V. 61, p. 375. Ala. Great Southern Ry. Limite.d owns all of the
stock and debentures of Ala. Great 80. RR., and has Issued in place
thereof its own stock and debentures respectively for a like amount.
The two companies own jointly $1,000,000 stock of Houthwestern
Construction Co. received In exchange for $1,000,000 Cln. N. O. A
Tex. Pac. stock. See V. 65, p. 1173.
capital stock of the English Co. the Southern Railway
1898, owned $1,725,000 "A" shares aud $4,.540,0.")0
V. 61, p. 2G. For right to dividends see March, '94, Surf.
Stock.—Of the
Co. on July
1,
B" shares.
Dividend— ) '89.
"A"
"B"
Cent.
6
$50,000
413 g.
£1,566,000
£676,070 a" in '98
$1,750,000
6g.
£526,000
5 g.
£134,000
6g.
4
£53,257
$2,625,000 [Plant lu
1,600,000 [Plant In
n 2,800,000
5 g.
500,000
6g.
£2,500,000
£1,500,000
£748,850
5 g.
£1,048,390
5 g.
£810,652
5 g.
*28,494
$700,000 5 in 1898
n 1,000,000
6 g.
588,800
5 g.
638.300
5 g.
Payable
Whom.
A
A
J.
M.
S.
Balt.,Mer.Tr.& Dep.Oo.
N. Y.Of ,21 Cortlandt St.
J.
&
D.
London.
do
J.
J.
J.
A
A
M.
J.
M.
M.
A.
A
A
A
A
A
Jan., 1910
Dec.
.
Co
Co
.
.
1,
1942
Dec, 1892
June,
J. N. Y.,Farm.L. ATr. A Bos Jan.
D. London,Glyn,Mlll8ACo. Deo.
FAA15
vest.
vest.
Dividend
'99,
3%
1908
1927
Au^. 15, 1906
By sink'g fund
do
do
do
do
owns $2,425,000 of th
owns $1,200,000 of th
1,
1,
is.l
IS.J
N. N.Y.,Met'polltan Tr.Co.
D.
Nov.
Deo.
1,
1,
1928
1929
N.
See remarks.
lNov.1,1910-40
N. 4i8% for '98 pd. Feb.'99. Nov.1,1910-40
See remarks.
O.
Nov. 1, 1940
New Orleans, Office. Oct. 1, '98, 5%
Yearly.
A. A O. N. Y., Central Trust Co.! Apr. 1, 1921
A. A O.
do
do
Apr. 1, 1921
A. A O.
do
do
Apr. 1, 1921
;
further bonds issuable.
Aberdeen to Asheboro, N. C, 56
Aberdeen dc Asheboro
m.; branch to Troy, N. C, 8 m. Stock, $250,000; par, $100. Earnings
in year 1896-97, gross, $48,427; net, $12,424; interest charges, $5,493.
'•
Amount
Value.
188tJ
—
Alabama
Size, or
Road. Bonds
above.
Bortds— Prlncl
INTEREST OR DIVIDENDS.
pal,When Dae
Rate per When Where Payable, and by S<ocfc«— Last
„.
.
shares. %>
shares. %)
6
'90.
'91.
'92.
9
6
6
l»u
l»u
'93.
•94. '95. '96.
6
'97.
9
'98.
'99.
6 June, 3
Bonds.— General M. 68, £484,000, will retire 1st 68 and debentures
Latest Earnings— 11 mos. ) 1898-9.Gro88, $1.6.")3,339; net, .$518, 11
July
May 31.
Report.— Report
to
1
(
1897-8. Gross,
1,606,723; net,
523,<>i!l
for 1897-93 was in V. 67, p. 1158, show
Aitnij^
lag: tlross. $1,711,933; not, $559,02;*; other income, $7,359; Inferbalance for stock,
ids, $282,862; iQCOine tax, etc., $17,587
est on bonds
dividends on stock of American Co. (fi p. c), $190,571.
.»;*oa jfoij
other Incoiiin,
not, $502,.")05
In 1896-97, gross, $1,'!0.'>,546
$6,511; interest and rentals, $280,134; other charges, $17,900 balance for stock, $209,922 dividends on stock of American Co. (0 p. c),
190,570. See V. 64, p. 325, for statement of KnglUli Co. Juae 30,
? 8»6.-(V.
64, p. 3»5; V. 65, p. 776,1173,1158.)
,
.
;
,
;
;
;
;
Alabama
illldland Ry.— Owns Bain bridge, Ga.. to Montgomery.
175 miles; branch, Sprague Junction to Luveme, 33 miles; total
owned, 208 miles. Operates Abl)eville Southern, Abbeville Junction
to Abbeville, 27 miles; completed Nov., 1893. Bond.s due 1928 have
been reduced from 6 to 5 p. o. and stamped principal and interest
guaranteed In gold by the Sav. Florida A West. No arrangement was
made with the branch line bonds, mostly held by the Plant Investment
Co., which controls the Alabama Midliind stock. Current accounts
payable June 30, 1897, $1,656,116.
Gross. $687,213; net, $95,694
Earninos.— 10 months, ) 1898-9
Gross, 617.129; net, 106,747
July 1 to Apr. 30.
5 1897-8
In 1897-98, gross, $766,274; not. $143,679. For year 1896-97, gross,
•¥671,456; net, 111,650. In 1895-96, gross, $624,182 net, .$91,729.
4.1a.,
;
ilabama New Orleans Texas Ac ParlHc Janctlon RaIN
ways Co. (Limited.)—This is an English company controlling Alabama A Vicksburg, 143 miles; Vicksbtirg Shreveport A PaolHo, 189
miles New Orleans A North Ea.stern, 196 miles.
Securities Owned.— Ala. A Vicksb $30,000 Ist mort., $387,700 2d
mort.. $141,000 consol. 1st M. and .$387,700 stock; Vicksb. Shreve.
A Pa<!iflc, $3,692,000 1st M., $1,364,000 3d M.. .$494,860 4 p. c. Incomes and $1,594,000 stock; New Orleans A North East., .$-1,900,000
IstM. and .$4,320,000 stock; Southwestern Construction Co., $448,700 stock; overdue coupons N. O. & N. E. and V. S. A Pac. Dec. 31, '97,
;
£1,051,678.
Coupons Paid—
For 1891. 1892.1893. 1894. 1895.1890. '97.
-875
2>9
1
Debentures.. P.c. 2^
2^j
2%
do
All coupons paid to May. 1898. inclusive.
"A"
Earnings. See separate statement for each of the controlled companies. Report of the Junction Kys. Co. for year ending Dec. 31,
1897, was In V. 60, p. 2S4. In l>^9^< net receipts from tnvestnieiitA were
£84,11 1; paid general expenses (£3.(!71). income tax (£2,040). Interest
on " A" debentures, (£;{(>. l!»l), on "B" dcbciifurcs 4'Hp. c. (paid In
Feb., 1899), £11,805; balance £401. V. 64, p. 325; V. ««. p. '28 1.
Alabama Vicksburg Ry.— Owns VIcksbnrg to Meridian. .Miss.
an<l branch, 143 miles, all sf«el rails. Controlled by Alabama New
Orleans Texas A Pacific Junction Co.— which see. Reorganization of
the Vicksburg* Meridian foreolo.sed Feb. 4. 1SS9 (see V.4M. p. 190).
Dividends.— 1890 to '92. 3 p. c. yearly; '96,3; '97.5; 1898. 5 p.c.
Bonds.- The new seconds were Income till April l,lH94,and area
Of the $ I, HOO.OOO consols authorfirst lien on the lands-92,069 acres.
lilglit to call
ized, $1,000,000 are with trustee to retire V. A M. firsts,
Vicks. & Meridian assent lug bonds explri'd April 1. 1H97.
Karninos. — Fiscal y(n»r ends Juii(> :iO. In IH9>< 9. July 1 to June 30
(12 months), gross. $(>07,530. against $6>J2.0.'i3 lu 1807 98. Report for
1S97-98 In V. 67. p. 950.
Intrrrst, etc.
Hal. tur. Dividend.
\et.
Years—
dross.
$H0.3H|1
$:J.'>.000
$123,137
$203,523
1897-98.
$682,051
CO.OHI
21.0O0
12.5.412
186.393
1896-97... 637,528
-(V. 03, p. (JS5 650; V. 6.->. p. 61 7; V. (!•!. p. 286 V. 07,p 950.)
"
B"
—
&
;
10
INVESTORS' SUPPLEMENT.
[Vol.
LXIX
—
6
cr
July, 1899
RAILROAD STOCKS AJND BONDS.
J
SubMcriberM will t-onfer a sreut I'uvor by
RAILROADS.
<t
<&o.,
see notes
Iiiiiuedlate iiotU-e of
trlvliijc
Date
Miles
of ooUiiun headings,
on tlrst page of tables.
For explanation
Albany
-
I
Size, or
Par
Road. Bonds Value.
of
of
Xorthern -Stock
lt96
o
Ist mortgaire
it 6'iwq.— Stoek.dlvl'dsgiiar. by D.A H.{end).
Consol. M. (guar. p. * 1. end.) ourreuey 78. K.o'Ar
6(>,iutere>t only in gold
do
Do
Albany <* rer^non^— Stock, 3 p o. guar, by rental)..
Allegheny dt A'»»u«a— 1st M., $.=>00,000, gold. Co. 0*
Alleihmii £ irM/cMi— Stotk (,$2,500,000)
p. & 1. end
l8t M. .$2,500,000. gold, guar
AlUgheuy ro//«ry— Coinuioii stock for .$12,000,000..
Preferred stock for $18,000,000, 3 per cent omu.
Ist -M., low grade, East'n E.\t., guar. Peun. RR. .0
Mort. to State Pa., $100,000 due Jan. 1, yearly..
Gen. M. x$20,000,000) g., guar. p.Al. FPl.x.o'AT
Alltnlo\on RR. (leased to Pliila. ct Reading Ry.) ..
AlUntoiPH lenn' I— 1st yi., guar. p.<&i.(cud.)g.Ce.xo*
Raili-i>a'1
Albany
Sc
1898
259
50
50
2.59
2.59
259
259
3
,
1870 $<&£
1870 100,000
1892
1,000
50
1889
1,000
100
100
1895
1,000
100
189i
1,000
188C
1,000
100
100
1885
1,000
I
non cum...
iTIp x.c*
292
Washington
<£
Haltimore.—Stocii
20ifl
Annapolis
74
Ark. ilidl'ci—l6t .M.($6,000 p.m.)g.,red.atllO.Ce.o*
Ashland Coal it Iron Ra i I irai/.— 1st mortgage
Atahiaon Topeka & Santa >'« K//.— Stock, com.. 6,935
Stock, preferred, $131.1^6,000, 5 p. o., non-cum..
150
Chic. A St. Louis 1st M. ($10,000 p. m.) cur.K..o
Old bonds not assentimt to reorg. of 1889... o'4r
General mortgage of 1895, securing—
|Tn.o*,tr 6,9 «
General mortgage, gold, see text
Adjust, inc., non-cum. tillJuly 1,1900, g., < e.c'Ar 6,946
Equip. Tr.,Ser. A., g., $250,000 dr. y'ly at par...
our., currency.
1,000
100
1,000
(ii
01
— Coiuuion stock
bonds Issuable.
100
1890
'
Preferred slock ($4,000,000), 5 p. c,
Ist mortgage, $7,000,000, gold
n No further
1,000
1,000
,
12
U
,
1876
1876
142
142
3,500,000
n3,000,000
u7,00O.OO()
600,000
485,000
2,000.000
2,000,000
10,544.200
16,727.300
9,998,000
1,000,000
5,692,000
1,268,885
11450,000
3,250,000
4,000,000
n7,000,000
358.000
17 6,000
244,000
102.000,000
114,199,500
n 1,500.000
693,210
in 1899 to be
Suhtinetianna. 'R'R.—( See Map Delaicare tl Hudson.)—
to Binghamton, N. Y., 142 miles. Leases,
Duanesburg Juuttion, N. Y'., to Schenectady, 14 miles; Cobleskill,
N. Y., to Cherry Valley, 21 miles; Lackawanna iSz Susquehanna RR., 22
miles; East Glenville to Coons, 10 miles; total operated, 209 miles.
Leased for 150 years from February, 1870, to Delaware A Hudson
Canal Co., which Dec. 31, 1897, owned $450,000 stock. Lessee guarantees 7 per cent per annum on stock till the Albany City loan for $ 1 ,000.000 is paid by smkingfund, thereafter 9 per cent. (See wording of
^aranty in V. 56, p. 774.) The last instalment of the Albany City
loan was paid May 1, 1897, but the sinking fund fell $296,878 short of
meeting the principal. This amount has been borrowed, payable in
semi-annual instalments up to May 1,1902, and will be met from
sinking fund (now $70,000 yearly) before dividends are increased.
Additions charged to lessors, and cost made part of Investment.
ANNUAL RErOKT.— Earnings for jears ending June 30:
Net.
Ohar. <t taxes.
Bal.,rur.
Gross.
$709,243
1897-8
$4,125,187 $1,822,427 $1,113,184
548.517
1.651,131
1,102,614
1896-7
3,924,524
62, p. 318, 907; V. 63, p.
35 5,
879; V. 67. p. 954; V. 68. p. 976.)
Albany & Vermont RK.— Owns
road from Albany to Waterford Junction, N. Y., 12 miles. Leased to Rensselaer & Saratoga in
1860 and now operated by D. A H. Canal Co. Annual rental, $20,000.
AVestern Ry.—(See map Buff. Roch. dk Pitts.)—
Under constiuction from Punxsutawney to Butler, Pa. (about 61
Allegbeny
Ac
miles) as an extension of Buflf. Roch. A Pitts., to which it Is to be leased
on completion about Aug., 1899, for guaranty of bonds (48) and 6 per
cent yearly on stock. To use Pitts. A West, from Butler to New Castle
and Pitt burg under a trackage arrangement, making in all about 140
miles. The cost of the road is represented by .$2,000,000 of stock,
subscribed and paid in at par, and $2,000,000 bonds, which will cover
cost of road and equipment.— V. 67, p. 1355, V. 67, p. 72, 1355.
Allesheny Valley Rallivay.—Owns from Pittsburg to Oil City,
Pa., 132 miles Red Bank, Pa., to Driftwood, 110 m others, 17 miles.
;
;
See V. 64, p. 1179.
0EGAHIZ.VT10N, Ac— Reorganization March 1, 1892, of the Allegheny
Valley iJai^road, sold In foreclosure Dec.15,1891. Plan of reorganizaBrookville, By., 13 miles, t e controlled.
tion, etc., was in V. 53, p. 324, 368, 520 ; V. 54, p. 409, 524. Road controlled by the Pennsylvania RR. Co. as majority stockholder, owning
$9,653,800 common and $11,431,656 preferred stock. Wording of
pref. certiflcate was in editorial of Supplement of Oct. 30, 1897, p. 3.
BOND8. General mortgage has principal and interest unconditionally
guaranteed by Penn. RR. by endorsement on each bond.
Ear.vino8.-6 months, ) 1899
Gross, $1,444,163; net, $525,921
Gross, 1,268,622; net, 483,489
Jan. 1 to June 30.
$1898
Report for 1898, IV. 66, p. 1234, showed: gross, $2,669,447; net, $1,118,110; int., taxes, etc., $1,070,281; baL, sur., $47,829.-V. 69, p. T7.
Allentoivn RR.—Toptonto Kutztuwn, Pa.,4^m.; Readingsystem
AllentoMru Terminal Railroad.—Owns 3^2 miles of railroad in
Pa., connecting the East Penn. (Philadelphia A Readiug)
with the Central of New Jersey. Leased for 999 years to Philadelphia A
Beading and Central of New Jersey (by assignment from I>ehigh Coal A
Navigation Co.) at interest on bonds and 5 p. o. on .$450,000 stock (par
•50), Donda being guaranteed, principal and interest, by Philadelphia A
Reading (foreclosed) and Lehigh Coal A Navigation. The Phlla. A
Reading Ry. Co. in 1896 aasumed the Reading's share of the old lease
Ann Arbor RR.— r5ee Jfap.^— Road.—Owns road from Toledo, O.,
northwesterly to Frankfort, on Lake Michigan, 292 miles; operates car
ferries between Frankfort, Mich., Kewaunee and Maintowoc, Wis.,
and Menominee and Glaidstone. Mich. The Flint A Pere Marquette
and Detroit Toledo A Milwaukee use the Toledo terminals.
Organization.- Successor Nov. 1. 1895, to Tol. Ann Arbor A Nor.
Mich., sold In foreclosure In 1895 and reorganized under the Quintard.
Lawrence plan In V. 59, p. 782, the Escanaba Frankfort A S. E.
being formally absorbed.
Stock.- Pref. stock certiflcate In editorial in Sopp. Oct. 30, 1897, p. 3.
Bonds, Etc.— The first mortgage (trustee, .Metropolitan Trust Co.
N. Y.) covers entire property. Including terminals aud freight bouts.
Floating debt June 30, 189e*, notes payable .$131, OOZ current llal)llitles, $2'.^7, 07; cash and current assets, $267,666.
Gross, $6.')0,426; net, $190,415
Latest Earnings 5 mos. ^ 1899
Gross, «1«,<)0C net; 156,082
j 1^98
Jan. 1 to May 31.
Anncai. Report.— Report for year ending June 30, 1H98, was In V.
Allentown
1
;
68, p. 278, showing: Gross, $1,415,5.')!>; net, after taxes. .$3 l'.),729;
interest, $267,137 balance, surplus, .$62,592; in calendar year 18"J7,
gross, $1,314,189; in 1^96, $1,170,751.
Directors.— President, W. R. Burt; G. W. QuinUrd, J. Edward Simmons. Franklin B. Lord, R. C. Martin, II. W. Ashley, John .lacob .\..<tor,
R. D. Murray. Charles Burt, William C. .McClure, A. W. Wright, Amos
F Eno. D. C. Tate. (V. 62, \>. 4.">5; V. 68, p. '11 H.)
;
Annapolln Waahinizton
& Haltimore RH.—Owns
road from
Annapolis to Annapolis .Junction, 20ifl mllea. Controlled by the
(V. 61, p. 1223.)
At. Ann. Short Line, which owns the stock.
Bait.
J.
J.
7 cur. A.
A.
^-
j
6
g.
I
F.
J.
A.
A
A
A
A
A
A
A
g.
Incl. $1,
4
g.
4 g.
See text
6g.
8loek»
Due.
I<uat
Dlvldeud.
Jan. 1, 1940
N.Y.,Del.AlIud.Can.Co. Jul), '{)9, 3»t
do
O.
do
Apr. 1. 1<)06
O.
do
do
Apr. 1, 1<)06
N.
Troy, N. Y.
May, •99, 1 iu%
A.
In default.
Id Installm'ta.
New York.
J.
N.
Y., Gallatin Bank.
O.
Oct. 1, 1998
J.
J.
A
A O. Phil., Pa. RR. Co. ALon
Pittsburg, Pa.
A J.
M. A 8. Philadelphia. Pa. RR.Co
071,400 under Rivalling Co. luort.
J. A J. New York .lud Phila.
or 7 A.
5
J.
4
i
M.
g.
g.
g.
6
4
April 1. 1910
Jan. i,'00, et«.
Meh.
1,
1948
of 1896.
July
1,
1919
Q.-J.
J.
J.
F.
N.Y., Metropol. Tr. Co. July 1, 1995
Stk.own.by B.A A.Sh.L.
See text.
N.Y ,H.Tallniadge&Co. July 1, 1911
A. First Nat. Bk., Clncln. Aug. 1, 1900
A
A
A
J.
J.
2'tln'99 J "a" J. Checks mailed fr. N. Y. July20.'99, 1>4
6 our M. & S. N. Y., 59 Cedar Street. Mch. 1, 191b
Various.
Various
4g.
A.
A
A
O.
a Nov.
5g.
J.
1
J.
Chang ed to M- N.-V.
Dividends—
ROAU.— Owns Albany,
—(V.
5
5
pal, Wlien
by
Payable
7 In 1899
1895 500 &o. 127,023,000
1895 500 &o. 51,728,000
1892 500 &c.
750,000
a Pro posed
When Where Parable and
Whom.
,
$350,000
400,000
1,000
100
.,
any error diacovrrrd In tUeae Table*.
Borwti— PrinciINTEREST OK DIVIDENDS.
Outatiindlng ^.,'^„['"
$100
Albany
Ann Arbor
Amount
11
New York, 59 Cedar St.
Paid 4 p.c. Nov. 1, 1898
New York and London.
1,
1,
1995
1995
Jan. 1, 1900-02
618, p. 426, 669.
87. '88. '89. '90. '91. '92. '93.
>
Oct.
July
{5
'94.
'95. '96.
'97.
4J4 53t 6% b^ 636 4i« 414
Rate p.c.
4>a 4
3
Earnings.— For year ending Juno 30, 1898, gross, $61,11."^; net, $17,
356; taxes, etc.. $1,660; dividends, $22, 8V3; balance, dettcit for year,
$7,127. President J. Wilson Brown, Baltimore. (V. 65, p. 410.)
Arkansas Choctaw Ry.— Projected from Ashdown, Ark., to
Atoka, I. T., about 150 miles. In June, 1899, operated from Ashdown
to Choctaw City (owned), 23 miles; Texarkana, Tex., to Ashdown, Ark.,
trackage 20 miles; Poteau, I. T., to Bonanza, Ark., 19 miles; total, 62
miles. Stock, $1,500,000; par, $100; outstanding Jan. 1, 18^*H, $177,OCO. No bonds had been issued Jan. 1, 1899.
Pres.., R. H. Keith;
Sec and Treas., E. E. Riley, Kansas City, Mo.
Arkansas Jnidland
Owns from Helena, Ark., to Claren
don, 50 miles; Pine City to Brinkley, Ark., 24 miles. Mortgage is for
$516,000, but $216,000 can be issued only in case the entire 86 miles
is laid with 56-pound steel rails.
Capital stock, $1,625,000 (par $100.)
Dividends paid: In 1895 0, 1348 per cent; in 1896-7, 74 p.c; In
1897-8, 1-92 p. c. Loans and bills payable June 30, 1898, $2,073.
Earnings.- 5 months, ? 1S99
Gross, $521,2.53; sur., $164,941
Jan. 1 to May 31.
Gross, 506,511; def., 129,537
5 1898
Year ending June 30, 1898, gross, $133,434; net, $48,604; interest
and taxes, $17,317 dividends, $31,287.
Arkan(>ac« A: Oklahoma
Ro.'^ers, Ark., to Gravette, 25
miles, operated from June, 1 599; also under construction from Gravette to Southwest City, Mo., 11 1^ milt s. Stock authorized, $300,000;
par $100. No bonded debt Jul,. 1,1899. President, J. M. Bayless,
&
RR.—
;
RR.—
BentouvUle, Ark.
Ashevllle
&
Ry.— See Spartanbdkg Union A Col. Rt.
Iron Ry.— Ashland to Straight Creek Junction,
Spart.
Ashland Coal
&.
Kv., 22 miles. Chesapeake A Ohio has trackage over this road. Capital
stock, $1,494,500. Current liabilities June 30, 1897, $264,428. Year
ending June 30, 1898, gross, $125,906 net, $61,506; in 1896-97, gross,
$121,612; net, $51,584. Dividends in 1895-96(5 p. c), $74,725; in
1896-7. 4 p. c; in 1897-8, 4 p. c.
;
RR.—
Astoria dc Columbia River
Astoria, Ore., to Goble and
Seaside, 80 miles; branch, Warrenton to Flavel, Ore., 2 miles; total,
82 miles. Stock, $2,000,000; par. $100. In I89t> made a mortgage to
secure $8,000,000 lOO-yoar bonds. Issuable at $40,000 per mile. Central Trust Co., Trustee. In August, 1898, suit was brought by contractors for $241,488, claimed to l)e due for materials and labor in
building the road. V. 67, p. 426. President, A. B. Ilamiiiond, Astoria,
Ore.; Sec, R. A. Kddy, Astoria, Ore. (V. 66, p. 1000; V. 67, p. 426.)
Atchison Colorado Ac Paclflo. Ry.— Owns WaterviUe, Kan., to
Lenora, Kan., 193 miles; branches, 62 miles.
Orqaniz.vtion- Successor of A. C. A P. RR.. foreclosed May 23,
1898. The depositing bondholders of Atch. Col. & Pac. and Atch.
.lew. Co. & West, voted March :, 1><99. to sell roaa to Missouri PaciUc,
the old bonds to receive 75 per cent of face value (principal only) In
new 1st 4s guaranteed by Missouri Pacific- V. 68, p 329. In July,
1899, the Central Branch Rll. w s Incorporated as successor of the
A'ch. Col. A Pac, .Vtch. Jew. Co. A Western and Central Br .inch U. P.
Rv.— See V. 69, j). 129.
In year 1897, gross, $514,206; net, $94,795.
In 1896, gros*, $335,087; def. under operating, $21,373.— (V. 68, p. 329, 472; V. 69, p. 129.)
Atchison Jewrell County
& Western Ry.—.Tamestown,
KaD.>
Burr Oak, Kan., 33 m. Successor of A. J. C. A W. RR., foreclosed
May 24, 1898. See Atch. Col. A Pac V. 68, p. 329, 472; V. 69, p. 129.
to
(The) Atcliiaon Topeka Ac Nanta Pe RaiUvay.— C^re Map)—
The system owned and operated July, 1899, comprlsod 7.24'.> miles
of railroad, and embraced an unbroken line of truck from Chioxgo,
III., via Kansas City, -Mo., and Albuquerciue, N. M., to Stockton, Cal.,
and the Pacific Ocean, a distance of 2,650 miles; also to (ialveston,
Tex., and the Gulf of Mexico, the mileage of le»<llng divisions belug:
.103
Chicago to Kansas City, Mo.. 458 Mojave, (;al., to St<ukti>n
750
571 Newton, Kan., to Galvxsfon
Kan. City to La Junta, Col.
La Junta, Col.,t<j DenverCol. 180 Albuquer(iue,N.M.,to El Paso 254
La Junta to San Diego, Cal .1,318
Organization.— This company wa* organlzeil on Dec. 12, 1895
.
.
under the general laws of Kansas, bv the purchasers at fort'closure
sale of the property and franchises of tbe At<'hisi)n T. A Santa Fe RR.
Co. In atvordance with a reorganization plan. (V. «{0. p. «.'>8.l
Tlie railway company In .Inly, 1 K99, owned In fi>e 2. -'19 miles of the
»ysten). Including the line from Atonlson t<i the western boundary of
Kansas, 471 miles, and also all, or nearly all. the l)ondH and stockn of
the various companlei In which the title to the other lines Is vesl«<d. V
68, p. 074. A list of such liolillnKt Is In the general mortgage (In V.
62, p. 732, 733, and sueoesslvo annual reports).
iturposes the sy»t<>mU divided as followi:
jal pi
For operating and statistical
Mil—.
let.
Vile
8l8-5»
HunU Fe Pa4'lrtc..
Atchison T. fi 3.
.4, .564-73
02
791
.1,0m7 «10 Southern California, etc
Gulf Colo. AS. V
7,249 00
Total of all (less 1269 miles of Joint traekiigo)
In December. 1M9M. acqulreil at pjir prai thaliy all the $2,35o.o()0
»tock of the San I'Yanclsco A San Joaquin Vnllry Ky., wlilch lino
when completed In 1M99 will embrace 371 miles of road and will
afford the At4hlson an Independent connection of lt« own to »«n
13
INVESTORS* SUPPLEMENT.
I
Vol. LXIX.
.
July,
.
KAILKOAD STOCKS AND BONDS.
l»99.
13
Snbwcrtber* will confer a great favor by giv ing Immediate notice of any error dUcovcrcd in
RAILROADS.
Miles Date Size, or
Amount
For explanation of oolumn headings, etc., see notes of
of
Pnr
first
tables.
on
page of
Road. Bonds Value. OutHtaiiding
A CAaWo«e—Stock (see text)
269
Pref. M. (old 7s ext. in 1897), .•<eo V. 6-4, p. 286.0*1 265 14
l8t M. [votlnu' power, 10 votes for each bond] ciir.r| 265»9
Income bonds (not cumulative)
....
Allan. Knoxr. .f .Vo. 7iV.— 1st M.,.$ 1,500.^00. jr Ce 230
2d M., inc., $1, .500,000 (trust. R.Est. Tr. Co.,N.Y.) 230
Atlanta <e »'««/ i'oin/— Stock
86
Debenture oertltleates
....
Atlantic City— l»t M., $2,200,000, gold,. ...tiP.xo'
83
AUantic Coast Line
Co.(CV)/i(i.)— Stock,
$30,000,000
2d mortgage
Consol. mortgage, sold
o
Columbia it Augusta, 1st raort.
Atl. Coast L., gen 1st M., $8,000,000, g.SBa.o*
A.tlantic Coast Line RR. of rirj/JHirt— Stock.
Petersb'g, guar. pf. stock, 3 p. e. lien prior to M.
Mortgage bouds, class A, gold
Wilmiiiiitou
Mort;rage bonds, class B, gold
.V Petersb., Istmort. ($24,500 are 78)..
Cousolidated mortgage for $1,000,000. gold.c*
Allan.ii Don.— Pf.stk., $3,200,000,non-cum., 5 p.o.
Richm'd
redeemable
.Tle.xc
AllantU dt No. Carolina— Stocb, $1,800,000
ITIeBa
Ist M., $325,000
Ist M., $1,5(X»,000, gold,
500
1. 000
1,000
100
....
t
1881
1889
1,000
1.000
"59
59
59
23
27
278
1895
i.006
!"!
1887
1.000
66
65
102
102
102
192
674
o
$100
1,000
1,000
100
1897 100 Ac,
100
100
IS^S
1893
i',006
1869
500
lfi69
500
1883
1,000
1890
1,000
1898
1,000
100
100
1881
1.000
1881
1.000
1875 .500 &0.
1890
1,000
Ctfs.of indebt. $0,000,000, int. if e'rnod.non-ouin.r
Atl. Const Line RIt. o/ >'o. Car.— Stk $3,000,000
Preferred, $i.00i',00i>, 6 per cent, nou-cum
ClieravN- & Darlington, Ist M., $400,000, g..SBn
c
Manchester J: Augusta, 1st mortirauo, gold
M.o
North-Kastem (3. C). Ist mortgage
....
1877
1877
1880
1897
1896
'.'.'.'.
100
made with the Southern Pacido Company
between Mojave.CaL.and Bakerstleld, 68 miles, to connect
the systems, was put in elfeet July 1, 1899. V. 68, p. 426. San Francieco A Sdn Joaquin Valley (Bakerstleld to Stockton, Cal,, 235 miles, and
trackage, Bakerstleld to Mojave, 68 miles) went into the system Julv 1,
See V. 67, p. 817, 1206. 1261, aud official cir1899. V. 69, p. 128.
$1,700,000 6 in 1898
500,000
4
4.2.'S0.000
7 c.
750.000
6
1,000.1100
5 g.
5
1 ,500.000
1,23_',200 6 In 1899
1,232.200
6
2,200.000
5 g.
10,000.000 4 1nlft?>8
S.OOO.OOO
5 our.
2,r>30.o(JO 5 in 1 899
1.883. HOO
6
17,000
5 g.
37,000
820,000
i«322,000
8
694,000
6 g.
1,»)00,000
6
3,801,(00
3,000.000 6 In 18B9
323,500 8 in 1899
868,000
800.000
340,500
6 &?'
300,000
•!»« g.
3,099,200 1 in 1898
1,238,000
5 g.
1,797,200 2 In 1898
325,000
6
Francisco; an arrangement
for trackage
cular V. 67, p. 841; also V. 67. p. 1355.
In Jan., 1899, acquired the
Western.
Stock.— The preferred stock has preference as to dividends and
assets, and entitles the holders to non-cumulative dividends after
June 30, 1896, not exceeding 5 per cent per anuum. as declared by the
board of directors out of net profits. No other mortgage and no
lnorea'»e in the preferred stock can be made without the consent of a
maiority of all the preferred stock and of all common stock represented at a ceetinsr. The total authorized amount of preferred stock is
$131,486,000. of which $20,000,000 was reserved. To acquire A. A P.,
Western Division, $9,200,000 of this $20,000,000 preferred stock w^s
Issued in March, 1897, but $6,846,470 to acquire the St. Louis A San
Franci.'co BR., the Atlantic A Pacific RR. and the Colorado Midland
RR,, held under special trust, leaving amount actually outstanding in
Apr., 1899. $114,199,500. Pref. stock certificates in Sdpplemknt of
April, 1897, page 3.
Dividend.— First dividend on preferred, 1 per cent, paid Jan. 26,
1899; July 20, 1899, paid IM per cent.— V. 68, p. 1131.
Bonds.— The Gen. Mort. (.Vbstract V. 62, p. 731-739, see also V. 68,
p, 974) Is to the Union Trust Co of N. Y. as trustee, and gives a lien,
either by direct morttrage or by collateral trust, on the entire system
of 6,946 miles of railroad, together with all the equipment and terminals owned by the company, and future acquisitions, subject
only to liens on certain equipment for about $1,000,000; to $1,500,000
of Chicago & SX. Louis KR. Co. bonds (secured by lien oa about 150
miles in Illinois), and to the remaining outstanding bonds of certain
oontrolled companies, amounting in the agtrregate to about $693,210.
General mort. bonds can never exceed .$165,490,500, including $96,
990,500 Issued In reorganization and remainder reserved as follows:
Wichita
A
,
Reserve'l,
,
In
In 1895.
miarantee fund notes paid and car trusts at
$15,600,000
not eiceedioK $1,250 for each $1,000 of old bonds.
b Non a.t3enciQg bonds from reoreanizatioa of 18e9
1,500,000
($l,560,«-50, sincB reduced to $6!J.J,210)
1,500,000
c Chicago * St. Louis l9t mortKane 6s.
For improv'ts. terminals, secoud track, equip t, etc.,
under carefully (tuarded restrictions at not ezcee'llni;
$:i.iMjO,iOo yearly, of which not over $750,000 for exten-
a To
189!-.
retire
.
.xions ...
for acquisition of Atlantic
...
4
Pacific
and other
lines
$3,366,000
.
634,000
1,500,000
30,000,000
20.000,0o0
26,377,000
9,289,000
The Adjustment Mortgage ( Abrttract
V. 62. p. 739) Is to the Central
Trust Co. as trustee. Interest is payable only out of net earnings
be
is
to
for the fiscal year up to 4 per cent and the rate
interest
determined on or before October 15 in each year
till
July
thereafter.
1, 1900, and cumulative
Is non-cumulative
Present Issue is limited to $51,728,000, but when the $30,000,000 general 4.1 authorized for improvements as above have been issued (1. e.,
not before June 30, 1905), $20,000,000 additional adjustment 4s may
be Issued for the same purposes at not exceeding $2,000,000 in any one
year, but only bv a matority vote of the adjustment bondholders. Interest—In Nov., 1897, paid 3 p. c; in Nov., '98, full 4 p. c. V. 68, p. 428.
San Pranriseo <t San Joaquin bonds, see facts In that oo's. statement.
General Finances.— The (ruarantee fundnotes due Nov., 1898, were
retired by issue of $10,506,000 general 4s, thereby obviating the
necessity of is.siiing jirior lien bomls. In July, 189^. $3, '^Ol.OOo general mortgage bonus were liste<l, having been sold to reimburse'the
treasury for cash expenditures theretofore made. (V. 67, p. 123, 221.)
In Mar., 1899, $2,699,000 additional gen. 4s, Issued for Improvements,
were listed, making total lifted to date $l'.^6,82:^,000.— V. 68. p. 570.
In December, 1898, tlie $2,474,800 capital stock of tho San Francisco
A San Joaquin Valley Ry. (which so) was purchased at par. The
new road embraces about 384 miles of railway, and will be fully completed In 1899 from the proceeds of it« stock and $6,000,000 bonds
already sold. It will afford an Independent connection with Ban
;
Francisco. Atpresent the Han Fr. AS. .1. is completed to Stockton and
has connection with San Framisco by water. See V. 67, p. 817. 841,
13.55. Atchison paid pecond illvldenff, 1 U p. c, on preferred July 20,
1899. This payment wa-* from the net earnings for lM!)H-i», wliicli.it
was stated, were suflicient to pay another aeml-anniial dividend of 1 '1
per cent In Jan.. 1900.— V. 68. p. 1131.
Latest Earninos.— 11 > 1898-9. Gross,.$37,293,.585; net,$11.715.l2.^
mos. July 1 to May 31. i 1897-8. Gross, 36,213, ."599; net. 10,016,126
Deducting taxes and rentals, balance for Interest In 11 months of
1898-99 was $10,176,.510, against $8,4 17,319.
Report. — Annual meeting second Thursday
was given
Years ending June 30—
for year 1897-8
Miles of road operated
Gross earnings
Operating expenses
Net earnings.
In December. Report
in V. 07, p. 576, 641; see also pa^e 612.
1898.
6.946
$39,214,101
1897.
6,479
$30,621,230
28,."j06.336
22,867.1m;>
..$10,707,765
$7,754,011
1«9R.
;
i;
-
'7
>
.fe
<!k
.1.
.r.
.1.
J.
J.
J.
J.
.1
&
J Bait, Safe D. Air. Co.
A J
A
& J
A. A
M. & N
A. A
Text.
J. A J
J. A J.
.1
Richmond, Ollice.
Rlohmoud.
Richm'd and Petersb'g.
do
do
Richmond, Ollice.
Bal.,8urp.,
May
1.
1,
..$1,162,445
3,K00,429
$52,220
1898
$.3,942,649
I.
New
York. (V. 68,
$2,n.T:<,P40
1898)
$1.88.8.809
F. W-alker,
St..
1926
1915
1940
1.
1807-98.
$2,007,216
4,»92,14H
Chairman of the Board
Wilder, Secretary and Treasurer.
&
Oct.
1896-97.
$1,947,237
4,608,868
Interest
DIv. {i%) on adjustment morteaKe Incomes (Nov.
Balance, surplus for vear over income interest
Atlanta
3%
Co.'s ollice. Dec.22,'98,1%
Balt.Nl.F'rm'rs'AP.Bk July 1, 1917
Net income.... $8,008,540 $10,889,793
Surplus for year to June 30, 1807
Office.— 59 Cedar
1918
1,
July 3, '99. 4%
July 1, 1926
Check from
Taxes, etc
President; E.
July
Jiily3,'99,
N. Y., Brown Bros.
Apr.
Norfolk. Va.
Sept. 1,98. 1%
N.Y..Mer.Tr..ALon<lon. Jan. 1, 19.50
1897-98.
$10,70 (,7rtS
182,028
Officers.-Aldace
Dividend.
.r
2o4,4«9
30,
Sloekg—ljiuti
A B. N.Y.Cent.Tr.Co.,54Wall Mar. «,'99, 3%
O.
do
do
Jan. 1. 1907
J. A J
do
do
Jan. 1, 1907
A. A
do
do
Ai3r. 1, lOOO
J. A D N.V., Man. Co.. 40 Wall. Deo. 1, 1946
J. A J
New York, If earned. Jan. 1, 1947
J. A
Atlanta. Ua.
JulylO.'99,3%
J. A J
do
do
(;o'h option.
M A N Phlla.,Rcad. Ter. Bldg. May 1. 1919
M & S
Baltimore.
Mar.lO.'<)0,2%
J.
D In 1898 paid 5 p. 0. Irredeemable.
A J Check fr Cliarl'fn, 8.C. Jiilv.l.'OO, 3%
J. A J
do
do
Julv3,'<Ji>,3%
A. A
Ch'ston. People's N.Bk. Apr. 1. 1938
do
A J
do
Jan.
1943
M & S Charleston. Otllce. Sept. 1.1. 1899
M A 8
do
do
Sept. 1. 18i<9
N. Y.. Cuyler M. A Co. Jan. 1. 1933
A
J. A D New York A Baltimore. June 10, 1910
A.
7,75t,041
Total surplus June
pal.When Dnn.
by
M.
1S98-97.
Net earnluits
Other Income
Tahlra.
Bom/*— Prtnol-
Whom.
Payable
Cent.
i
Atlanta
tliene
INTKKK8T OR DIVIDKND8.
Rate per When Where Parable, and
p.
;
E. P. Ripley,
1179; V. 69, p. 125, 179.)
Charlotte Air Line Ry.— rSee Map Southern
Railxeau System. J— Ov/na Charlotte, N. C. to Atlanta. Ga.. 269 miles.
The operating contract of 1881 (made with Richmond A Danville)
was assigned to and accepted by the Southern Ry. Co. It requires
the payment of interest on At.
C. debt and 5 p. c. on stock ; if gross
earnings exceed $1,500,000, dividends to be 6 per cent; and if they
exceed $2,500,000, 7 per cent.
&
Dividends,
>
1881 to 1889. 1890.
1891 to Mar.. 1899, Inclusive.
6 yearly (M. & S.)
months), gross, $712,420 In 1899,
$543,708 in 1898. Calendar year 1898. gross. $1,760,035: In 1897,
grcss, $1,666,319; In 1896, gross, $1,598,047. President, Charles 8.
Falrchlld,N.Y.-(V. 64, p. 286.)
Atlanta noxville &. IVortliern Ry.— Road—Ownsfrom Knoxvllle, Tenn., to Marietta, Ga., 205 miles and Murphy to Blue Ridge,
25 miles; trackage, Marietta, Ga., to Atlanta, Ga., 20 miles.
History.— A reorganization per plan in V. 62. p. 1040,of the Marietta
A North Georgia, foreclosed. Stock, $3,000,000. First mortgage bonds
for $500,000 In treasury June 30, 1897; bills payable, $47,969.
Earnings.— 5 months, < 1899
Gross, $146,681; net, $25,009
Jan. 1 to May 31.
Gross, 128,s93; net, 29,473
) 1898
Year ending June 30, 1898, gross, $328,092; net, $93,341; other
Income, $19,843; total deductions, $93,533; balance, sur.. $19,651.
Officers.- President, H. K. MoHarg, 40 Wall St., N. Y.; V. 65, p. 69.
Atlanta & WeMt Point RR.— Atlanta. Ga., to West Pt., Ga., 86 m.
Ga. RR., Dec. 31, 1897, owned $494,500 stock aud $388,900 deb. cert.
•
Dividends begun in 1855 were for many years 8 percent per annam.
From July 1, 1884, to July, 1899, Inclusive, 6 per cent yearly, JAJ.
Earnings.— 11 months, < 1898-9
Gross, $561,167; net, $224,642
July 1 to May 31.
n897-8... .Gross, 535,771; net, 219,113
In 1897-8 gross, $.575,259 net, $227,49t>; other income, $16,880;
charges, $166,461 dividends, $73,932; surplus, $3,983. In 1896-7,
gross, $5.54,446; net, $219,830.- (V. 65, p. 1172.)
Atlantic <;ity Ry.— Camden to Atlantic City, 57 m. (double track);
branches, 25 m.; leases Sea Coast RR., Wluslow Junction, to Cape
May. N. J., etc.. 66 miles; total, 148 miles. Stock, common, $1,200,000;
preferred. $1,000,000 (par, $50), of which $1,195,000 common and
$998,550 preferred owned bv Reading Co. are in trust under lt,s general
mortgage of 1897. In April, 1898, leased the South Jersey RR. In
year 1897-8, gross, $812,950; net, $142,975; charges, $110,754; balance, surplus, $32,221. In 1896-97, gross, $782,168.— V. 66, p. 761.
Atlantic CoHNt Lino Co.-This company, organl/e<l M:ky 29/
1889, under the laws of Connecticut, own^ a niiijority of the capita*
stock aud a larg(» amount of the bonds in a system of railroad com'
panles denominated for convenience the Atlantic Coast Line SystemThe system Includes about 2,177 miles as follows
Companj/-!; See this Co.
Miles.
Company—
Miles.
Rlchm. Fredkb. A PotomacTI.. 86 Chas. <fc Western Carolina
342
Wilmington A Woldon U
786 Norfolk A Carolina T
110
Atlantic Coast Line RR. of
Atlantlc('oastLiDeRR.ofVa.ir..99
S. (.MI
674 Other lines
SO
Central South Carolina U
40
IT See this company.
In May. 1899, the Atlantic A Yadkin purchased in Feb., 1899, wiw
divided, 161 miles golnif to the Southern Ry. and 177 mile* to the
Wilmington & Weldon, which see V. 6f<, p 97rf.
STOCK-In May, 1897. $6,000,000 of certlllcates of Indebtedness,
entitled to 5 per cent interest if earned, were created, of which $.S,(K»0,000 were Issued to reduce capital slock from $10.00<i.O<Mt t<> $."i.O<K).-
Percent— 5 5 yearly.
5^j
Earnings.—Jan. 1 to Apr. 30
(4
K
;
;
;
:
000. As to the rltrhts of tlicse crtlllcatcs, see wording In cilltorlal.
•( i" "- -^
-.iH.
October. 18M7, Htirii.K.MKNT, page 3.- V. fi.'>.
ng
stock was Increased to $10,000,000, the ad'.
itn
distributed as a KK) [icrccnt divlilend t<i repn
and Increased value of assets.— V. 07, p. 954.
Dividends -1895. H« percent; 1896,3; 1897. 3>«; 1898. 4 and 100
per cent In stock; In 1899. .Mar., 2 per cent.
OCARASTY.— Guaranties $960,000 .Manchester A Aiiinisfa llrstA. p.Al,
SErtlKlTlES OWNKO.— May 28. 1897. stocks $7,4O3,032, bonds
(
1
(Hrc list V i''\v ''"^
f2.206,000; other bonds, $518,111
Kahmnos.— For year 1H}«;. gr
In iMO.'i, gross, $417, 40M; ncl.
Allnntic <'oiiKl l.liie ICIt. nt Hoiitli 4'iiroltnit.—
Florence to Charleston and olumbia, S. C, with britiirhc
I
>
10,287.
.
'm
74
:
KALLROAD8.
I
For explanation of oolunin headings,
on first page of tables.
<&o.,
see notes
Miles
Date
Size, or
of
of
Par
Road, Bonds Value.
Atlantic <e St. i,aiere»ur«—Stock, 6* rental Grand Tr'k
Atlan.S. Kir.a «.— Ist M.g.,8.f.,$S,000p.m.,red.llO
Atlantic Valdosta it ir.— l.st M.,t'-. red. atllO.Ce.o*
Auffusta tt Saratiuah— Stock 5% rental Central Ga..
Augusta 5o.— Istcousol. M.,go.,gu.,p.<.ti. eud.Ce.xo
Afulin dt Xortluceslern—le.t mort.g.,gu.p »tel.Ao'A;r
Avon Oeneteo dt ilt. Morris RR.—Htock (see text)...
Bald Eagle ra//pv— Stock, $2.600,000
Ist M. orig. $40O,OOO (8. f.. drawn at 100)...FPxr
BaititMore it knit ap. S. L. -Stock, couimon
incBa'
Ist M. $400,000, g. 8U>>i. to call at 110
Baltimore C/iisapcake <f. Allan.— l6t luort., goldAo*
.
Bnltimorf £ 0/i«o— NEW SECURITIES OUTSTANU
Comiuou .-^lock, authorized $45,000,000
115
53
85
103
1895
1899
1,000
1,000
1894
1891
1,000
1,000
90
1880
1,000
1898
1894
100
1,000
1,000
"7
1898
1899
v
C—
;
1264; V. 68; p. 128.
Feb., 1890, West Norfolk,
to Danville, Va., 205 miles, three branches, 22 miles, and James River
Junction to Claremont (3 feet gauge) 51 mUes; total, 278 miles. In
Dec, 1898, a 5-mile branch was under construction. Successor to
Railroad foreclosed April 3, 1894, per plan V. 58, p. 815.
Stock.—Common, $2,500,000; non-cum. 5 per cent pref. $3,200,000.
Issued to June 30, 1898, common, $2,180,800: preferred, $3,099,200.
Dividends. —On preferred 1 p. c, 1897; 1898, Sept. 1, 1 p. c.
Bonds.—The bonds are subject to call at par on 6 months' notice.
Bee application for listing on N.Y. Stock Exchange in V. 62, p. 1141.
Latest Earnings.-IO months, > 1898-9.Gross,$482,998; net,$125,301
July 1 to Apr. 30.
j 1897-8.Gro8S, 472,956; net, 136,304
Annual Report.— Report for 1897-98 was in V. 68, p. 184, showing:
gross, $564,751; net, $159,353; interest, $61,900. (V. 68, p. 184.)
Atlantic &. Lake Superior Ry.— In Apr , 1899, operated Metapedla, Que., to West Paspebiao, 98 miles; owned St.Gregoue to Nicolet,
7m.; St. Francis to Yamaska, 6 m.; Yamaska to Sorel, 10 m.; Laohute
to St. Andrews, 7 m.; total, 128 mUes. Also under construction, West
Paspebiac to end of wharf, 4 m.; Paspebiac June, to Port Daniel, 21 m.;
Pierreville to Nicolet, 15
at. Gregoire to Chaudiere June, 67 m.;
Extension proposed in 1899 from St. Francois du
total, 107 miles.
Lac to Levis. Que., 89 miles, of which 7 buUt and 23 graded in March,
1899. Extension also proposed from Paspebiac, Que., to Gaspe, 80
miles. Stock authorized, $10,000,000; par, $100; issued, (1). Bonds,
$.^0,000,000 4s, none issued to Mar., 1899. President, Hon, J. R.
TblLaudeau; Stc. Edgar N. Armstrong, Montreal, Que.— V. 68, p. 329.
North Carolina
Atlantic
Morehead City to Goldsboro.
V. C, 95 m. State of No. Car. owns $1,266,500 of the $1,797,200 stock.
Dividends.-) 1892. 1893. 1894. 1895. 1896. 1897. 1898.
2
Per cent.
2
2
$
2
2
2
EAr.NiNGS.- For year ending June 30, 1898, gross, $174,508; net
$80,0 17; charges, $33,694; dividends, $35,907.— V. 68, p. 472.
Atlantic ValdoHta dc IVeiitern Ry.—Owns from Valdosta, Ga.,
to Jacksonville, Fla., 115 miles; opened for through operation July 1,
ls99; cxtecsion pn posed, fiom Valdosta to Albany, Ga., 75 miles.
Road runs through a limber section, and makes a short route from Valdosta (on Ga. So. & Fla. Ry.) to Jacksonville, Fla.— 100 miles. Capital
stock, $1,000,000. Mortgage is for $5,000,000, to retire the $711,000
old 5s, foi extensions, etc .(V. 68, p. 1022.) G. S.Baxter & Co.. 18 Wall
Bt.,N. Y..are buUding the line.— V. 68, p. 1022.
Yadkin Hallway. —In May, 1899, the portion north
Atlantic
of Sanford, N. C. to Mt. Airy, with branches, 161 miles, was conveyed
to tlie Southern Ry.. and that south of ^auford to Wiimin^ton, with
branch to BennettovlUe, 177 miles, to Wilm. & Weldon.— V. 68, p. 979,
Auenata &; Savannah
Millen to Augusta, Ga., 53 mUes
In 1895, re-leased to Cen. of Georgia at 5 p. c. on stock.- V. 61, p. 239"
p.
Danville Ry.—Completed
;
RR.—
&
Aneuata Southern
RR.—
RR.—Owns
from Augusta to SandersvUle
Ga., 80 m. (s.andard Kauge), and Sandersville <fe Tennllle RR., 4 mUes
in
perpetuity to the South Carolina & Georgia
Leased in March, 1897,
which guarantees tlie liouds, principal and interest, by endorsement'
Apri',
In
1899, tlie Southern Ry. obtained control oi
(V. 64, p. 468.)
and leased the South Carolina &. Georgia, the lease of the Augusta
Southern passing with it. See V. 68, t>. 873. Common stock .$400 000; pref., $350,000; par, $100. For year 1897-98, gross, $97,267;
)
Austin
& Northweutern RR.—Owns
from Austin to Llano
etc.. 8 miles. In May!
Texas, 99 m.; liranch, Falrlaud to Marbje Falls^
acres.
Year 1897-98, »a'088,$i54,592; net,$15,353.
,
8.
NewYork,29William St. Sept.
1,
1934
J.
"&"j.
July
July
1,
1,
1925
1948
'98 Nov.
doJ'n.1,'99 Jan.
1,
1,
1925
1925
125,500
132,000
71,000
6,000.000
y 350,000
Oct.
1,
Mch.
July
1,
1936
1902
1946
1899
1939
3l2g. M.
3Hig. J.
&
&
N.
4 g- A.
6
J.
4 g. J.
4(5)g. M.
&
&
&
&
&
0.
5g. M.
2 Wall St.
Pee foot njte
0.
J.
J.
x
Draw int. from Nv. 1
do
J.
,
N. Y., Speyer & Co.
Baltimore, B. & O. RR.
N. Y., Vermilie&Co.
N.
N. N.Y., J.P. Morgan
interest, due April 1, 1899, on first
Reorganization Committee holds of this $27.',000.
Atlantic Coast Line RR. of Virginia.—Owns Richmond to
Petersburg and Ga ysburg, N. C, with branch, 5 miles, total, 87 miles;
also leases Garysburg to Weldon (Seaboard & Roanoke) 2 miles. Consolidation in 1898 of Petersburg RR. and Richmond & Petersburg RR.
Stock is issued in two classes, but, it is understood, of equal rights.
The combined earnings ot the roads consolidated were: For year
ending June 0, 1898, gross, $1,021,258; net. $472,058. In 1896-97,
&
Mar., 1899,3%
Jan. 15. 1945
Mar. 1, 1939
July 5, '99, 21a
Dec. 1, 1924
J. N. Y., Cent. Trust Co.
July 1, 1941
New York, Erie RR. Jan. 1, 1899
J.
A.
Feb. 1,'99,5%
A. Phila. F. Ins.Tr.&S.Dep. Jan. 1, 1910
J.
Baltimore.
July 1, '99, 296
D. Bait., A. Brown & Sons Deo. 1, 1923
and six months'
:
m
&
&
&
&
&
&
&
4g. A. &
40,000,000
1853 500 <feo.
1,000
1855
1,000
1868
1890
1,000
1889
1,000
—
$407,776.—V. 67,
3'>^'g.
m
to bo
miles; leasesCentralRR. of So. Carolina 41 miles; total opeiated, 715
miles. In June, 1899, extension was reported under construction from
Denmark. S. C. to Bobbins, on Charleston & W. Car., about 34*7 miles.
A consolidation, July 16, 1898. of the following companies controlled
by the Atlantic Coast Line Co., viz.: Wilmington Columbia & Augusta
RR., Northeastern RR. of South Carolina, Cheraw & Darlington RR.,
Manchester & Augusta BR.. Florence RR.— V. 64, p. 663, 887.
Dividends.— On common. 2 p. c. and preferred, 3 p. c, Jan. 10, 1899
In July, 1899, 3 p. c. each on common and preferred.
Bonds.— The new 4 per ceat general mortgage .t 1898 is for $8,000,000, the BaltiBcore Safe Deposit & Trust Co. being trustee. Ot fh«
authorized issue $709,000 were on Jan. 10, 1899, reserved for improvements, extensions, etc, and the balance unissued ($3,490,000) to
retire, $ for $, at or before maturity, the underlying bonds. All except
$54,000 of the $2,895,000 old 4s and 5s have been exchanged for the
new 4s and common stock. V. 67, p. 954.
For year ending June 30,
C ombined earnings of roads consolidated
1898, gross. $1.974,H68; net, $628,911. In 1896-7, gross, $l,754,80r;
V.67. p. 954.
net, $5 17,893. President, C. S. Gadsden, Charleston, 8.
&.
g.
5 k. J.
225,000 2i2to3i2 J.
1,535,000
10
F.
328,000
6 our. P.
358,000 5 in 1899 J.
325.000
5 g- J.
1,250,000
5 g. M.
100 35,000,000
100 35,000,000
500
&c. 69,799.000
1898
500
&C. 51,475,000
1898
Coupoi..« for three months' interest due October 1, 189°,
1, 18fc9, at Mercantile Txu.st Co. of New York, etc.
paid April
Atlantic
5
ING.
BoM>s TO i!E Issued Uxdek Buaxch Line P LANS.
385
Pittsb'g June. & Middle Dlv. ($20.00( ,000) ist M.
Southwestern Div. IstM., $45,000,0u0, gold.... 921
JIlSCEI.I.ASKOUS BO^DS (LEASED LINES, ETC )
Loan, 1853, extended in 1885, gold, out Juue,'99 380
S W. Vtrjrlnia KR. IstM. (ext. in 1888) a88um...o 104
Pitt.iCou..lst M.,oit. in 1896 in g.,out June. '9!),
Salt. Belt., 1st M., s-. to be paid Sent. 1, 1899 ...
5ifl
Baltimore A N. Y. RR., 1st uiort., gold, guar.c.fcr
gross, $954,157, net,
M. & S. London and Portland.
J.&J.iS
Jacksonville, Fla.
5g. M. & B. N. Y., Central Trust Co.
5
J. & J.
Savannah, Ga.
N. Y.. 13 Broad St.
5 g. J. & D.
6
200,000
100
50
"28
89
Bonds—PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Outstanding Cent. Payable
Whom.
Dividend.
1,250,000
1,022,900
11400,000
1,920,000
$100
[V0L. LXIX.
Amount
£&$100 $5,484,000
150
Pref. stock, 4 p. c. uoncum. auth. $60,000,000..
Prior lieu luort., gold, not sulij. to call. (Tie.. c*Ar 1.017
570
l8t mort.. gold, red., at 105 after 19'23.UB..c*&r
X
SUPPLEMENT.
INYESTORS'
14
4s,
Sept.
& Co. May
"when
1,
1,
1,
issued,"
was
Avon Geneseo & int. morris RR.—Mt. Morris to Avon, N. Y..
18 miles. Leased to Erie RR. Feb. 26, 1896, in perpetuity at 2^ p. o.
on stock for 4 years from Jan. 1, 1896, 3 p. c. for 1 year more and 313
p. 0. thereafter.— (See V. 63, p. 512 V. 62, p. 318, 589.)
Raid Eagle Valley RR.— Ovms from Vail Station, Pa., to Lockhaven, Pa., 51 mUes; branches to Sugar Camp, etc., 39 mllee.
Leased to Penn. RR. Co. for 99 years from Dec. 7. 1864. Rental, 40
;
per cent of gross earnings. Rental 1898, $158,847; other income,
$6,278; int., taxes, etc.. $40,494; dividends (10 p. c), $140,625; baL,
paid out of sur., $3,968. Rental in 1897. $179,144. PennsylvaniaRR.
Jan. 1, 1899, owned $706,250 stock.— V. 66, p. 708.
&
RR.— Owns road from
In 1897 acquired control of
Annapolis Washington & BaltimoreRR. Co., owning 3,575 out of 3,580
shares of its stock, all pledged under the mortgage. Common stock
issued $358,000; there is also $500,000 of preferred stock authorized.
Dividends—In 1898, Jan.. 3 per cent; July. 3 p. c; in 1899, Jan., 3
p.'c; July, 2 p. c. For 10 mos. ending June 30, 1898, gross earnings,
$64,322; net, $14,557; oth. inc., $22,822; int. on bonds, $16,500; div.,
6 p. c, $21,480; deticit for year, $601.— V. 67, p. 1002, 1159.
Raltimore Checapiake & Atlantic Ry.—Owns Claiborne to
Ocean City. Md., 87 miles; branch, 1 mile; total, 88 miles; from Claiborne to Baltimore, 42 miles, transfer is made by water.
H18TOKT.— A reorganization in 1894 of the Bait. & Eastern Shore,
sold Aug. 29, 1894 (V. 59, p. 371), the Maryland Steamboat Co., Eastern
Shore S. B. Co. and Choptank 8. B. Co. Fifteen boats are owned.
Stocks.—Pref., $1,500,000 5 p. c. cumulative; common, $1,000,000.
Annual Report.- Report for year ending August 31, 1898, was
given in V. 68, p. 567, showing, gross, $565,683; net, $136,404;
charges, $62,500; bal., surp., $73,904. In 1896-97 gross, $489,005; net,
$83,8o0. President (April, 1899), JohnS. WUson.— (V. 68, p. 567.)
Baltimore Lehigh Ry.—Narrow GaMcre.— Baltimore to Cardlfl,
Md.,43 m. Stock, $850,000; par, $100; issued, $843,500; mort., $85,000.
Earnings-Year ending June 30, 1898, gross, $131,857; net $35,271; charges, $11,329: surplus for year, $J3,942.— V. 63, p. 227.
Baltimore & Ohio RR.-fiSeeJlfapA— Road.— Operates from Baltimore to Philadelphia and Baltimore to Chicago, and has, via the Baltimore & Ohio S. W., a direct route to Cincinnati and St. Louis, the total
mileage leased, owned and operated Cexcluding the Bait. & Ohio South
western) being in July, 1898, 2,047 miles, of which 774 mUes are west
and 1,273 miles east of the Ohio River. The " Royal Blue Line" (see
Central RR. of N. J.) give the road access to New York, near which, on
ataten Island, it has freight terminals. See S. I. Rapid Transit.
When the pending reorganization of the branch lines is completed
the B. & O. will own and operate about 3,494 miles of roads, subject to
the several mortgages, as follows
Raltlinore
Annapolis Short Line
Clitfordsto Annapolis, Md., 23 miles.
&
Prior li-n »]4.% M.-(l,017 miles) Miles.
Bait, to Wheeling, Belpre, O, etc. ,.683
Pittsburg Division (east of Pitta.). .334
lat Af. 4J?.— (570 mile-)
Baltimore to PhUalelphia and brs.118
Cbicaeo,
111.,
to
Akron
369
Branches to Fairmount. W. Va.,etc. 93
PiUi. Jvmc. Z\ii M.— (38i miles)jtfi;«
Bellaireto vi idland Citv, O
*
„„
•*''
Shawnee to Sandusky^ O
j
Pittsburg Junction KR
7
Other Liiii"—
Staten Island Rapid Transit
?4
West Virginia & Piitsburg
159
Pittsburg & Western
343
Div. 3}4% M.—
Bel pre. O.. via Cincin. to St. L.. etc. 931
Total of all (adding Baltimore Belt and other lines)
.souf/i
W.
3,4«4
History.— Receivers were appointed in February, 1896, but on July
1. 1099, the road proper was returned to the company, the reorganization plan (in V. 66, p. 1235,) having been consummated without foreclosure. All direct obligations, except t-ose shown in the table, were
either declared due and payable per order of Court and discharged, or
exchanged for new securities (see V. 69, p. 25, 30, and V. 68, p. 1022. In
July, 1899, the reorganization of the B. & O. Southwest, and the Cent.
Ohio and other leased lines was still pending per plans outlined below.
New Parties Interested. -In 1898, James J. Hill, President of
the Great Northern Ry., and others, acquired a heavy Interest in the
property.
See directors below.
V. 67, p. 577, 632.
Stock.—The reorganized company is authorized to
Four per cent non cumulative Preferred Stock
Of which to be held as reserve for new company
Present issue to be. not exceeding
Of which forreorganizafn purposes
issue:
$60,000,000
j,ooo,ooo
5 5,000,000
17,218,700
do for acquisition of Cent. Ohio, etc
do
^,888,830
do for acquisitioB of B. & O. S.
do
(>,253,44o
For purchaseby syndicate to provide cash (B.«fe0.planl)
16,4^0,000
B. & O. Southwestern (plan 3)
do
do
6,246.360
For reorganization, etc. (any surplus to company)
2,q42,4so
Common Stock, originally proposed $si,ooo,oor, now
45,000,000
Voting Trust.— Both classes of stock of the new company wiU be
W
vested in the following live voting trustees for the period of five years:
William Salomon, Abraham Wolff, J. Kennedy Tod, Louis Fitzgerald
and Charles H. oster. The voting trustees, however, in their discretion, may deliver the stock at an earlier date.
Bonds.-The bonds authorized are as follows:
(1) Prior Lien 3'^% Gold Bonds Due 1925, to bear interest from
July 1, 1898. a first lien on the main line and branches, Parkersburg branch and Pittsburg division, in all about 1.017 miles of first
track, and about 964 miles ot second, third and fourth tracks and sid<
JiXT,
1899.]
KAILIIOAD STOCKS
AND
JiONDS.
15
:
INVESTORS'
16
RAILROADS.
Miles Date
|Slze,
:
SUPPLEME14T.
or
I
Bonds— Prinol
INTEREST OR DIVIDENDS.
pal, When DueRate
When Where Payable, and by Stocks—hast
Amount
Par Outstanding
of
of
For explanation of column headlnKSi Ac, see notes
Per cent. Payable
Road. Bonds Value.
on tirst page of tables.
,
Baltimore
<f
Ohio— (Concluded )—
S. KR. Ist M., (?., subj.
ScUuvl. R. E.
S. I.
Rap.
to call (text)
$ or £....0*
Tr.. 1st M., $1,000,000, g..
New
c.tr
luortgngc, gold, guar
Rv.. 1st luort., $1,000,000, gold... .Me-.c'
W. Va."& P., 1st M. g. f>». scaled; subj. to call.c*
Cent'l Ohio. Pitteb. Junc.etcbouds.unassented.
S. I.
11
AU.
All.
13
159
1890
1887
Equip, trust, 8er.B.,$200,000duey'rly Nov. 1 .o*
Oar trust (extended in 1897 for 3 vears).1Ie.Ba.
All otlu'iciiuipiiicnt obligations June, 1899
.
ifhio A'oiif/»tr.— Cln. <fe Bait., Ist M.
Receiver's cortltlcates, $4, 104,442
B. &0. 8.\V. A'if.,l8tM.,gold(guar.p. &i., end.) c*
Ohio & Mies., Ist cons., ext. In gold in 'GT.lJn.o*
o*
2d oonsol. mort. (sink, fund), no drawing
c*
8prlng.Dlv.(Sp.& 111. 8. E.) Ist M. ($3,000,000)
o*
First general mortgage
0*
Equip. Trust, 3 series, drawn yearly at 100...
B. & O. S. W. Ri/., Ist con. M., g., gu. (end.).c*&r
c&r*
B (A, $8,750,000)
Income mort., A.
B. & O. 8. W. Term. Co. Ist M. gold, guar., p&i.c*
Marietta Ry. 1st M., g., $175,000, gu., p. <fe i. end.
Syndicate collateral trust temporary loan
Baltimore
Jt
—
&
281
393
393
222
1869
1899
1889
1868
1871
1875
1883
'87-'91
909
909
1,000
1,000
1,000
4 g4^g.
J.
4g.
A.
&
Dividend.
D.
A
&
O. N. Y., foot
N
Y.,
New
D.
&
i",oo6
1,000
1,000
1,000
1,000
1,000
1893 1,000&0
1,000
1893
1,000
1892
1,000
1896
1897
7^,000,000
extensions, additions or equipment, at not exceeding
$1,500,000 a year for the first four years and at not
27,000,000
exceeding $1,000,000 a year thereafter...
7,000,000
Reserve for new corapanv
6,000,000
To retire Bait. Belt Line 5s, Ist m. (on Sept. 1, 1899)
limited
to
Issue for reorganization purposes
50,000,000
existing
retirement
of
bonds
Of which toward
36,sS4,5SS
12,4^0,000
For purchase by reorganization syndicate
For contingencies (any surplus to new company)
i,i6s,i6s
Leased Line Bonus.—The Baltimore Belt bonds deposited have
been called by the company under the option reserved per agreement
in V. 66, p. 1235, and will be jiurchased at par and interest (-l-S per
cent) on Sept. 1, 1899, through Brown. Shipley & Co. in London,
Brown Brothers in New York and Alex. Brown ct Sons in Baltimore.
Holders were offered the option till July 20 by the firms named of
taking, instead of cash, B. & O. first mortgage 4s, $ for $.— V. 69, p. 25.
The Schuylkill River East Side bonds, per agreement in V. 68, p. 4o,
are treated as follows The road is to be lea.sed at a rental equivalent
to interest at 5 per cent on the existing bonds, but the new company
will have the right to purchase all the t<chuylkill bonds at 110 and
accrued Interest at any time after Dec. 1, 1900, and prior to Dec. 1.
1903, on 30 days' notice. If not so purchased, the company will
assume the ultimate payment when due of the principal of such bonds.
The Staten Island Rapid Transit property was sold under foreclosure
in April, 1899, subject to the $1,000,000 first 6s, part of which were
purcthased for the B. ii. O. Under the agreement of Jan, 1899 (V. 68,
p. 1 S9), the $2,000,000 second mortgage 5s were to be exchanged for a
like amount of new 4s to be issued by tiic reorganized Staten Island
Co. These new 4s the B. <k O. RR. agrees to purchase at par and
Interest in cash In .5 years, and in the meantime to guarantee interest
thereon at 4 per cent. V. 68, p. 189, 333, .525.
As to West Virginia <k Pittsburg bonds, the agreement in V. 67, p.
1310, provides for a lease to the reorganized B. <fe O. to begin not later
than April 1, 1899, for a sum e(iual ro 4 per cent on the mortgage, to
be appropriated to payment of bond interest, the B. & O. to have the
option for 5 years from April 1, 1899, to purchase the bonds at par and
accrued interest on 60 days' notice. Most of the bonds assented.
Reorganization of Branches. Tlie depositories are the Mercantile Trust Co. in this city and the London & Westminster
Bank, limited, in Loudon. Plan in V. 67, p. 688, covers various leased
lines, and that in V. 67, p. 1261, 1262. the Baltimore & Ohio Southwestern System. They provide that the company shall create:
(1) B. <t O. Pittsburg Jiincliori <t Middle Division 3^, per cent gold
bonds to be due 1925 and to bear interest from Nov. 1, 1898. ExSected to bo ultimately a first lien upon the railroads of th« Central
hlo system and Pittsburg Junction RR. Co., 385 miles In allTotal 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 i)er year for the first two years and
thereafter at the rate of not exceeding $500,000 pef
year, for the enlargement, betterment or extension of
the properties covered by the first mortgage
j,coo 000
Present issue liinite<I to
15,00'o,o'oo
which
in
partial
Of
exchange lor existing bonds...
iojCig,ooo
To lie sold to a syndicate for cash requiremeiiis (including $i,000, 000 foi improvements, equipment, etc.)...
4,000,000
Balance for contingencies
43',oo«
(2) Southtrestem Division ist Mortgage 3^ per cent gold
bonds, due 1925, and bearing interest from Jan. 1, 1899.
To be ultimately 11 first Hen upon the. properties constltatine the B. <S: O. Southwestern RR. system, or the
securities representing the same, covering about 921
miles of first track and about 30.1^12 miles of second
track and sidings, and also all of the equipment now
owned by the H. & O. S. W. Ry. Co., or subsequently
acquired with the proceeds of these bonds. Total issue 45,000,000
Of which to be issuable only at the rate of not exceeding $1,000,000 per year for the enlargement, betterment or extension olthe properties covered by lien...
5,000,000
10,667,000
6,385,000
2,952,000
1,993,000
314,000
101,000
10,364,550
18,750,000
1,200,000
127,000
800,000
1,
1,
York
& Co,
City.
O.
m!'& N.
5g.
...„.
J.
&
Phila., Fin'ce Co. of Pa, Nv.1,'99
J.&J.
N. Y., Farmers' L.
'i"^"g.
4g.
7
7
5
6
41a g.
5
5
g.
4
g.
do
J.'"& J.
in partial
1900
1900
Baltimore.
J.
& Tr,
do
Jan. 1, 1900
Rec'vrs option
Jan. 1, 1990
Jan. 1, 1947
Apr. 1, 1911
& J.
do
do
A. & O.
do
do
M. & N.
do
do
Nov. 1, 1905
J. & D.
do
do
June 1, 1932
Various N.Y.BarlngMagoun&Co 10 p. c. yearly.
J. & J. N.Y., Farmers* L. & Tr, July 1, 1993
See text
See text.
July 1, 2043
M. & N. N. Y., Farmers' L. & Tr, May 1, 1942
M. & N.
do
do
Nov. 1, 1996
J.
Present issue
Of which
1935
1913
By 1904
June 1, 1943
Apr. 1, 1990
Dec.
WhitehaU St, Jan.
Hallgarten
(?)
and also all the equipment now owned of the value of upwards of
$20,000,000, or hereafter acquired. Total authorized, $75,000,000.
Of which to be issued only after Jan. 1, 1902, at not exceeding $1,000,000 a year, for the enlargment, betters,ooo,o<x)
ment or extension of the properties covered
70,000,000
Present issue limited to
60,073,000
Of which toward retirement of existing bonds
q,ooo,ooa
For purchase by reorganization syndicate
926,010
For coutiageucies (anv surplus to new company)
(2) First Horlgage 4 per cent Gold Bonds, Due July 1 104S, but subject
to call, in whole or in part, after July 1, 1923, at 105. These bonds
will bear interest from July 1. 1893, and be secured by a first lien on
the Plilladelphia, Chicago "and Akron divisions and branches and the
Fairmount Morgantown & Pittsburg RR., covering about 570 miles of
first track and about 332 miles of second, third and fourth tracks and
•Idings: also on the B. <fe O. Terminal property and the Baltimore Belt
RR. if and when the same shall be acquired by the new company. They
will also be a lien subject to prior lien mortgage upon main line, etc.
$165,000,000
Total authorized issue in no case to exceed
:
5 g. J.
6g. A.
Whom.
...„.
(?)
400,000
250,000
450,000
333,000
i',od6
Ings,
Of which to retire prior lien bonds in 1925
For the enlargement, betterment or extension of the
properties covered by the two new mortgages, or for
$4,500,000
1,000,000
2,500,000
511,000
4,000,000
1886 $1,000
1,000
1883
1,000
1899
1,000
1893
1,000
1890
LXIX.
LVol.
$40,000,000
exchange lor existing bonds
3Si54o,gSo
Sold to syndicate for cash requirements (including
$5,000,000 for improvements, equipment, etc
4,430,020
LEASED LINE (CENTRAL OHIO) PLAN.—V. 67, p. 688, as modified by
V. 67, p. 1109, 1206, 1356. terms of exchange.
Hach $1,000 BOTUJ, $1,000 Z\<,s
Pref. Each 1 1,000 Bon<1,9\, 000 SHs
Pref.
'
1925
nf stock to receive
stock.
1925
of stock to receive:
stock.
Central Ohio iMs,
$1, l70
Newark Som. & Str'ts 5s. 500
600
l,3no
Com. and pref. stock
a$l,000 Pitts. June. Ist 6s
San. Man. & New. 7s.... 1,140
Second 5s, ) opp v fi7 \ ^•'^^
Pref. stock, [ „®i>,-Jfi \ 1.000
Stock.— V. 67, p. 737
1,000
600
Col. & Cin. Mid. 4}^s b.
700
200
Com at02)i.) P-1056. }
750
Pref. stock
300 Pitts. June. Ter. Co. 5s.. 1,080
Coupons.— San. M. & New. overdue coupons will be paid in cash, but no others
a Also cash bonus of $150, viz., $7 50 per $50 share.
b Subsequently offered $940 flat in cash
67, p. 1109, 1159.
BALTIMORE & OHIO SO. WEST. PLAN.— V. 67, p. 1261, 1262; V. 68, p. 185.
•
'
i
—V
EACH
,
Existing bonds and stock to
BE DEPOSITED.
1,000
Sgu'w^n Div.
*
Cash.
& Miss. Consol. M. ext. 48
$20
do. sterling
20
Second consol. M. 7s
17
First M. Springfield Div. 78 bonds, cur. 11
Ohio
00
00
50
67
4 17
22 50
22 50
Gen. M. 5s, currency
B. & O. Southwestern Ist M. 4!^s
Cons. M. 41.^8
Income M. 5s, series A
Income M. 5s, series B
Sm bonds.
RECEIVES
tr ctfs.
$1,070
1,040
1,240
1,000
'.'.'.'.'.
900
1,060
900
833
1,030
1.000
1,000
35 00
6 67
tr. ctfs.
$100
mo
125
126
100
100
100
300
Preferred stock
B. & O. Southwestern Term. Co. 5s.'.
Cincinnati & Baltimore l st M. 78
Marietta Ry. 1st M. 48
>
Pf. itock Com. stk.
$200
226
175
125
125
Interest at the rate provided in the old bonds from the date of the last matured coupon next preceding January 1, 1899, up to the date when tlie new
bonds begin to bear interest, namely, January 1, 1893. excepting in respect of
bonds represented by certiflcatesof deposit stamped 'Ex interest due January
1, 1899."
Plan is now eflective; over 85 per cent of securities deposited.
General Finances.— The large decrease in net earnings for the year
1 898-9, it Is explained, is caused by the fact that the receivers in settling
their accounts have charged against the revenue of the year large
sums ordinarily extending over a much longer period, and also by the
large amounts put into the property and charged to operating expenses. See official statement, V. 68, p. 1224. As to physical rehabilitation under the receivership, see otlioial statement, V. 69, p. 128.
In addition to the $49,975,<'00 first mortgage g., 48 issued in June,
1899, for reorganization purposes, $1,500,000 additional of said bonds,
being part of the $7,000,000 reserved for corporate purposes, were
used for the purpose of providing funds for the purchase of equipment
and for other improvements to the mortgaged premises.
The purchase in July, 1899, of $2,052,000 of the total igsue of
$3,500,000 Pitts. & West. 2nd. mortgage bonds, in addition to its
former holdings, will insure the reorganization of the property in the
interest of the B. & O. V. 69, p 132.
position of
new COMPANT,
including central OHIO SYSTEM, BALTI-
MORE & OHIO 80DTHWE8TERN,
ETC.
(See V. 69, p. 31.)
Estimated net income on basis of year end. June 30, 1898,
(Including $1,989,261 from B. & O. S. W)
$10,286,694
Deduct interest on $70,000,000 prior lien 3 13 per cents
$2,450,000
$15,000,000 Pittsburg June. & Middle Divis. 3^ per cents.
525,000
5)40,000,000 Southwestern Div. Ist 3hi per cents
1,400.000
$50,000,000 first mortgage 4 per cents
2,000,000
Estimated rentals, including Belt Line
500,000
Taxes (if foreclosure is necessary the taxes may increase).
544,794
Taxes B. &0. Southwestern system
293,998
Terminals
202,000
Ground rents and mortgage interest
75,000
Total charges of new company
$7,990,792
Balance surplus [equal to 4 78p. c. on preferred stock]
$2,294,902
" The fixed charges will thus be well within the past net income of
the property— even that of the last fiscal year of extreme depression.
The new company will be relieved from floating debt and the embarrasment of car and wheelage trust payments, and will start with
substantial working capital."" The following is also given
Apart from the large amount provided in the plan dated June 22, 189S, to be
expended on the B. & O. RR. properties, the plan for the reorganization of the
Central Ohio KR. system provides $3,000,000 to be expended on the properties
comprised therein and for additional equipment; and the B. & O. Southwestern plan provides $6,500,000 to be expended in like manner on the Baltimore &
Ohio Southwestern System. The above statement of earnings does not allow
for any Increase in earnings from these expenditures, wnich, it is confidently
expected, should largely increase the surplus over fixed charges.
Earnings.- 11 mos., ) 1898-9. .Gross, $23,603,134; net, $5,546,497
July 1 to May 31.
22,867,871; net 6,229,812
J 1897-8.. Gross,
ANNUAL Report.— Report for 1897-8, In
and showed, exclusive of B. & O. S. W.,
1897-8.
Year ending June 30—
full in V. 67, p.
1896-7.
1895-6.
Gross earnings
$27,722,787
Net earnings
$7,446,695
Vdd inc. from other sources.... 1,017,478
$25,582,123
$5,570,029
1,040,716
$23,944,782
$6,361,362
1,068,924
$6,610,745
$7,430,286
Total net Income
$8,464,173
1052, 1057,
July,
RAILKOAD STOCKS AND BONDS.
1899.]
17
Snbacrlberii will confer a sreat favor by slvliia; liumedlato iiotlco of
RAILROADS.
Miles Date Size, or
Per explanation of column headings, Ac, see notes
of
of
Par
on tlrst page of tables.
Road. Bonds Value.
|
Po/omac— l8tM.
(tun.) gold, a. f., not dr'nx.o*
l8t M., road, guar., gold, sluk.fd., not drawn.. xo'
BcUt.it
Consolidated mortgage for $10,000,000, gold..o*
«oni/or <«.lr.— l8tM.$3,36O,OOO($lG,0O0p.m.)g.o*
2d mortgage, $1,050,000 (.$5,000 a mile), gold
1st mort. on Pisoat. Div., $1,500,000, gold.O.o*
Car trust.s on 1,218 curs, July 1, 1808. <i
Aroostook No. 1st M., guar. p. & 1., gold
O.o*
Bath (t Hammondsport— 1st uxortg&ge, gold
Second mortgage, gold
Beech Creek— Siook (guaranteed 4 per cent by end.)
l8t M.,g,guar. p.&i.(end.)
cfer
2d M. for $1,000,000, gold, guar. p. & 1. (end.) .c.fcr
Clearf.Bi»um.Coall8tM..int.gu.by Bh. Cr..gold.o
BeiiaireZrt»ie,s-rf//<'i£CJn.— Priorlien mort., red. atl05
l8t M. ($2G'2,000 reserved for prior lieu bouds)..
Belt RR <t Stock Yard of Indianapolis— Stock
Preferred stock, ciuniilati ve
1 81 mortgage for $1 ,000,000, currency
Belt Ru.—lBt M.(red. aft. July 1, 1903) g.'»IeBa.c*
2d M., Income to July 1, 1903, when red. at 100.
Belvidere Delaware— Stock ($4,000,000)
1st mortgage, ext. In 1877, guaranteed
o
Cona.mort. c guar, by UuiteaCo's& Pa. RR.,8.f..r
of 1875.. ^guar. byUuitedCo'8&Pa.RR.,s. f..r
r
$4,000,000 ( issue $000,000 reduced by a. f
tSenning, dk Rull'd-lstret. M. for $500,000, g. N.c*r
Bloomb'g dt Sitll ran iiK.— 1st M., $400,000. ...FP
2d mortgage, income, nou-cum., $200,000. ..
Bostan <f Albany—Stock ($30,000,000 authorized)..
r
Bonds (not mort.) issued to State for its stock
Bonds (not mortgage) for $5,000,000
o
FP
1»«
90
92
211
211
77
15 Hi
10
10
150
150
150
25
25
"64
67
67
67
59
30
30
389
any error dlai-overod In tlioac Tables.
Bond*— PrlnolINTEREST OR DIVIDENDS.
Amount
pal.When I>ae.
Outataudiug Rate perl When Where payable, and by Stock*— IjUHt
I
1871 $1,000 n$ 1,500,000
1871
1,000 113,000,000
1889
1.000
3,000,000
1893
1,000
3.360,000
1895
See text.
1,000
1899
1,000
1,500,000
1897
300,000
1897
225,000
1.000
1889
1,000
100,000
1893
1,000
200,000
50
5,665,000
1886
1,000
5,000,000
1892
1,000
500,000
1891 100 Ac,
803,100
1889
1,000
216,000
1890
1,000
1,138,000
i,tioo,ono
50
50
500,000
1881
1,000
1,000,000
1895
275,000
1895
2-1,000
50
1.253,000
1853
1,000
1,000,000
1885
1,000
500,000
1887
1,000
749,000
1893
1,000
500,000
1897
1,000
500,000
1898
1,000
4 0,000
1898
1,000
200,000
100 25,000,000
1882
3,858,000
1893
3,627,000
Directors, Etc. (April, 1899).— William Salomon, Chairman, New
Jacob H. Schiff.New York; James J. Hill, St. Paul; KdwardK. Ba-
con, New York; Louis Fitzgerald. New Y''ork; Norman B. Ream. Chicago; James Stillman, New York; Edward H. Harriman, New York:
J. Kennedy Tod, New Y'ork; Charles Steele, New York; Alexander
Brown, Baltimore; H. Clay Pierce, St. Louis; H. Crawford Black, Baltimore, and J. V. L. Fiudlay, Baltimore.
Executive Committee.— William Salomon, Chairman; Jacob H.
James J. Hill, Edward R. Bacon. Norman B. Ream. E. H. Haniman and Charles Steele. Pres., John K. Co wen; Sec, C. W. Woolford.
Schiff,
—(V.
to. p. 25, 30, 12S, 129, 132.)
Btiltlmore&OlkloSoutltwestemRy.— (See MapofBalt.ii Ohio.)
Owns from Belpre, O., to St. Louis, etc., 921 miles in all.
Judson Harmon and Joseph Robinson are receivers pending reorfanization. See plan in statement for B. & O. above; also V. 68. p 40.
n Feb.. 1899, the receivers were authorize! to issue $4,104,442 of receivers' certificates. V. C8, p. 378. On March 31, 1899, $550,000 had
been issued. See also V. 68, p. 230. Plan is effective. Over 85 per
cent of securities deposited. On July 10, 1899, sold to the Reorganization Committee. Sale has been conflroied. V. 69, p. 128, 178. Abstract .first mortgage of 1889. V. 51. p. 245.
) 1898-9... Gross, $5,243,577; net, $1,426,647
Earnings.— 9 mos.,
{1897-8... Gross, 5,131,714; net, 1,582,038
July 1 to Apr. 30.
Geser.\l Fixances.—June, 1899, net unfunded debt $1,389,705.
ANN0AL Report.— Report for 1897-8 at length in V. 67, p. 1259, 1265.
0th inc.
Charges. Sur.ordef.
Net.
<iross
I'ear.
$2,250
$2,089,335 def.$99,574
$1,987,511
1897-8.. $6,904,317
2,250
2,154.292
def.269,346
1,882,696
1896-7.- 6,140,000
—(V. 68, p. 40, 185, 378, 1074, 1179; V. 69, p. 128, 178.)
Owns from Baltimore, Md., to
Baltimore 6c Potomac
South End Long Bridge, Va., and branch, 44 m.; and from Bowie to
Pope's Creek, 49 m.; total, 93 miles— including tunnel in City of Baltimore; total 93 miles. Controlled by Penn. RR. Co.
Stock.— Oct., 1898, $5,531,000 (par .$50), of which Penn. RR. owns
Bonds.— Consols are
$4,616,350 and Northern Central $704,450.
reserved to retire aU the prior bonds as they mature. The lirst mortgage bonds are guaranteed by Pennsylvania RR. and Northern Central.
Earnings.- Ln year ending Oct. 31, 1898, gross, $2,203,834; net;
$600,392; Interest, $420,000; int. on equipment, taxes, etc., $157,714,
bal.. surplus, $22,676. In 1896-97 gross, $1,868,512; net, $503,833.
Oldtown, Me., northerly to Pisca.Aroostook
Banicor
taquis County and the Katahdin Iron Works.
Miles.
Miles.
Leased 999 years—
Lines owned C220 m.)
Bro wnviUe to Caribou and br. .168 Aroostook Northern, Caribou
16
43
to Limestone.
Ashland Jet. to Ashland
Oldtown to Greenville and Iron
322
Total operated
95
Works
In May, 1899. contract was reported let for extension from Caribou
to Van Buren, 28 miles.
Organization.- Organized Feb. 13, 1891. State of Maine refunds
95 per cent of all taxes levied. For organization aee V. 66, p. 855
Stock.—Common, $1,050,000; 10,400 shares full paid and 100
shares, 5% paid; pref., 5%, non-cum., $1,328,000- paid in, $1,128,143.
Bonds.— Second mortgage bonds for $167,000 had been sold to July 1,
1898, and on June 1, 1899, $883,000 additional, held as collateral by
the Aroostook Construe :lon Co., had also been sold, the proceeds wheu
received to be used to retire the $635,000 notes payable, including the
In 1898 sold $1,500,notes helil by the Aroostook Construction Co.
000 new gold 5s on Piscat. Div. (not subject to call), dated April 1,
1899, to retire $1,225,000 outstanding B. & P. bonds on April 1, 1899;
remainder for Improvements.- V. 67, p. 11.59; V. 68, p. 84, 329. On
June 1, 1899, there were notes payable for $633,000.
Eanrnos.— For six months ending Dec. 31, 1898, gross, $412,432;
net, $197,515; charges and taxes, $119,979; improvements, $10,102.
Annual Report— For year ending June 30, 1898, gross, .$779,207;
net, $348,729: charges and taxes, $295,282; improvements, $21,465;
bal., surplus, $31,982.- V. 66, p. 1 306; V. 68, p. 84, 329, 6G9.)
Owns road from Bath,N. Y.,to
Bath Ac Hammondiiport
Hammondsport, N. Y., 10 miles. Chartered In 1872. Stock, $100,000;
par, $100. Earnings.- For year 1897-98, gro.ss, $39,553 net, $19,608.
Beech Creek lttn..—( See Map adjoining N. Y. Central. J— Ho\i)
Jersey Shore. Pa., to .VIahaffey,113 m; branches, to Phlllpsburg, to mines,
&.O., 44 miles; including Wlgton Mines, near Patton, to Spangler, Pa.,
former Cambria County RR., merged May, 1898); total, 157 miles;
trtckage, 45 miles; total operated, 203 miles.
From October 1, 1890 leased to the N. Y. Central A
i.,e.A8E,
Hudson River RR. for 999 years at Interest on bonds and 4 per (u>nt
on stock, and since May 1, 1899, operated directly as a part of its
Pennsylvania division. V. 68, p. ^72. Carries mostly coal and coke
In 1H96;
In 1897-98, 4,606,033 tons out o' 4,851,467 total tons moved
97, coal and coke, 3,524,769 tons. The operating expenses are rela
of
frtMk'litheavy
buids
tlvely low since the trains carry exceedlnijly
the average per train In 1897-98 being r,H() tons. Average rate p«-r ton.
per mile 0-28c. In •97-'98; 035 in 1896-97. Seeguaranty V. 52, p. 570.
RR.—
RR.—
&
—
RR.—
;
—
Ac-
:
Dividend.
Bait. Ollico anil Loudon, July 1, 1911
A
&
do
do
Apr. 1, 1911
do
(Calvert St. July 1, 1929
&
N Y., Guar. TruHt Co. Jan. 1, 1943
&
&,
do
do
July 1, 1946
do
do
&
Jau. 1, 1943
do
do
& O.
do
& O
do
Oct. 1. 1947
& D.
New York City,
June 1, 1019
do
do
& O,
Apr. 1, 1923
I'- Q.-J. N. Y., Grand Cent. Sta. July, 1899, 1%
do
do
July 1, 1936
4g. J. & J
f
4
6
4
<&
«•
g.
In '99
6
4 to 5
4
July
Jan.
July
1,
1,
1,
1936
1940
1899
1940
Jan. 1,
July, -99,2 i.j%
July, '99, 1>«%
Apr. 30, 1911
July 1, 1945
1903-1945
Philadelphia, Pa. RR. Feb. 21, '99, 5%
Feb.
& D. Philadelphia, Pa. RR. June 1, 1903
M. & 8.
4
do
do
Sept. 1, 1926
do
4
F. & A.
do
Feb. 1, 1927
4
J. & J.
do
do
Jan. 1, 1933
4^2 g. M. <Sc N. N. Y., Sec. <fe Trust Co. Nov. 1, 1927
Phlla.,
F.
I.T.
&S.D.CO.
5
Jan. 1, 1928
J. & J.
Phila., when named.
J. & J.
Jan. 1, 1928
5
ln_'98' Q.-M. Boston, Of. Ter. Station June 30 "99,2%
5
A. & O.
do
do
Apr. 1, 1902
4
A. & O.
do
do
Oct. 1, 1913
in '99.
6
I
do
j
6
I
do
J.
& J. N. Y., Knlckerb'r Trust
& 3. July,'94, coup.lastpald
& J.
& J. Indianapolis, Co. otHoe.
do
Q.-J.
do
M. & N. IPhlla., W. H. Nowbolds.
J. & J, Bait., Merc. Tr. & Dep.
J.
I
I
Y'ork;
w'hom.
Payable;
cent.
'
Bonds.— The bonds are endorsed with the New York Central's guarinterest.
See V. 52, p. 570.
Eouipment
trusts (5 p. c.) June 30, 1898, $74,000, int. at Knickerbocker Trust
Cj., N. Y.; also $416,000 of 41^ per cents of 1895. The Clearfleld Bituminous Coal Corporation has capital stock, $825,000 and bonds authorized, $825,000; retired by sinking fund to June .iO. 1896, $21,900.
AnnctalRei'ORT.- Fiscal year ends June 30. Statement for 1896-7
was in V. 65, p. 727. In 1897-8, gross, $1,540,890; net, $772,004; interanty of principal and
$377,733; dividends, $220,000; bal., surplus, $174,In 1896-7 gross, $1,416,979; net, $756,475.— (V. 69, p. 128.)
Cincinnati Ry.— Owns Bellalre, O., to
Bellaire Zanesville
Wilhelm Station, O., 102 miles, three loot gauge; Muskingum County
railroad, Wilhelm to Mill Run, 9 miles; trackage to ZanesviUe, 1 mile. In
June,'95, Gen. Manager J. K. Geddes was made receiver; Interest due
Jan. 1, 1895, on the prior lien bonds being In default. V. 61, p.
preferred, $795,910
par $50,
239. Stock is: Common, $832,000
In year ending June 30, 1898, gross, $106,438; net, $8,075. In 1896-7,
gross, $98,250; net, $3,096,— (V. 61, p. 26, 239.)
est, rentals, etc.,
271.
&
;
Belt Railroad
Jc
miles of belt road, etc.
;
Stock Vard of Indianapolis.— Owns 14
Leased for 999 years to In 1. Union— which see.
Common '95. '96. '97. '98. '99,
Dividends.—
) Preferred in
5fulltodate. stock p. c.
5
413
Sincel894
5
5
"
In 1892 the
common stock had not paid less than 3 per cent
semi-annually (J. & J.), and at times more, for past fifteen years."
Pres,, S. E. Rauh, Indianapolis, Ind.— V. 63, p. 153; V. 66, p. 334.
Belt Railway (of Chattanooga, Tenn.).— Owns 25 miles of
belt railroad in Chattanooga, Tenn. V. 67, p. 72.
History.— reorganization of Union Ry. foreclosed June 17, 1895.
Leased till July 1, 1945, to Alabma Great Southern RR.; rental guaranteed to meet interest on 1st M. bonds, taxes and maintenance.
Stock is $300,000, owned by Ala. Great So. Ry.— V. 63, p. 699.
Bonds.— First mortgage for $300,000, bears interest at 3 p. 0. for 2
years from July 1, 1895, 4 p. c. for 2 years more and 5 p. 0, thereafter.
A
Earnings.— Earnings now inoluded
in Ala. Gt, So. Fi.gures for year
$37,978; operating expenses, $39,272.— p, 72
Owns from Trenton, N. J., to MaBelvidere Delaware
nunka Chunk, N. J,, 67, m.; FlemingtonRR,,ifec., 14 m,; operated cut-ofl
1 m,; total operated, 82 miles, f/cased to United Companies, and transferred to Penn. RR. March 7, 1876. Net earnings paid aa rental.
Stock.-Authorized, $4,000,000; outstanding Feb., 1898, $1,253,000; par, $50, Dividends: 1897,5%; in 1898, 5%; in 1899, Feb. 21, 5%.
Bonds,— First 6s of 1853 and the $1,249,000 4 per cents of 1835-7 are
guaranteed by the United Companies, and their guaranty assumed by
the Penn. RR. under its lease. Bonds of 1885, 1887 and 1893 are secured by the consol. mortgage of 1875 for $4,000,000, which provides
for a sinking fund of 1 per cent of outstanding bonds If earnea.
Earnings.— In 1898, gro.ss, $1,042,267; net,I$316,113; Interest, etc.,
$192,690. In 1897, gro.ss, $1,040,050, not, $268,185.
Bennington Rutland Ry.— Rutland to Bennington, Vt., and
branch, 59 mUes. Organized In 1877. Capital stock, $1,000,000.
Earnings.- Year ending June 30, 1898, gross, $234,600; net, $61,152; int. on bondri, $26,083; div. (1 p. c), $10,000; bal., surplus, $25,069. In 1896-7, gross, $217,928; not, $36,260.— V. 68, p. 821, 870.
Berktihlre RR.— West Stockbridge, Mass., to Connecticut State
Line, 21 miles. Road opened 1842. Leased April 1, 1893, for 99 years
to N. Y, N. H. & H. RR. for expeusos, taxes and 6 p. c. on stock. Lease
to Ilousatonic RR. suspended but not canceled. Stock, $600,000.
1896-97
gro.ss,
RR.—
&
Ac Kalllvan RR.— Owns Bloomsburg to Jamison
30 miles. Stock Is $600,000 par, $50.
Keorganlzfd without foreclosure in 1898.— V. 66, p. 80, 952.
Earnings.- Year ending June 30. 1898, gross, $60,700; net, $28,649.
In 1896-97. gross. $.^)8, 058; net, $25,167; interest and taxes. $lti,xt>l.
Preshleut, C. R. Huckalew; Vice-Prest. and Tr^^as., .Samuel Wigfall,
Bloomsburg, Pa. V. 63, p. 115 V. 64, p. 133 V. 66, 1:. 80, 952.
Ronton Ac Albany RR.—Owns from Boston, Mass., to Albany,
N. Y. 202 miles; numerous branches, 104 miles; lease*! lines, 83 miles;
total operated, 389 iiilU<s. A consolidation of December, 1867.
This roa<l owns $100,000 stork (out of $500,000) of the Boston Terminal Co. and. with others, win use the now Union .Station in Boston
BlooniMburi;
City. Pa..
;
;
when completed.
;
(V, 62, p. 547; V. 63, p. 308.)
June3(), 1899. the directors of the Bos. A Alb. and N. Y. Cent,
approved tlie lease of H. Jir A. for 999 years at it guaante. il r<'ntnl of
8 p<!r cent per annum on the ,$25,0O0.0O(t stock In quarterly Instalments, the $4,000,000 set aside for improvementi, etc.. t<> be reser\ed by the B. A A. and probably Invi ^ted for the bitter's
stockholders, thus adding nt least 'u iier cent per annum in ;iililition to
8 prir ecnt guaranteed. The H. A- A. stoeKlKdileis will vote on lease on
On
As to oi)|iositlon lo lease, see V. 69, p. 178,
permisHloii from the I/Oglslature to Imuo
»10,0(H).0O0 additional stock. $7,000,000 being for booiU due In 1898,
the reiiiiilnder for iMiproveiiients.
Dividends— Casli dividends at tlio rate of H per cent venrly haveli<>4in
paid for many years, stock dividend, 10 p. c. In 1883 and 3«a p. 0. In 1886.
Sept. 27,
li»l)'.».
V. 69.
|>.
7S.
STOCK — In 1889 obtained
5
::
SUPPLEMENT.
IKVESTOKS'
18
H
)
[Vol. LXIX.
Sabscrlbem will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— Prin( ]INTEREST OR DIVIDENDS.
RAILROADS.
When Dn*.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,
Stocks— LiOBt
Par
of
of
Outstanding
For explanation of column headings, *o., see notes Road.
Cent.
Payable
Whom.
Dividend.
Bonds Value.
on first page of tables.
$100
d Lotcell—Stock..
Bo!'ton
Bonds, not mortgage.
do
Bonds,
do
Bonds,
0*
do
Bonds,
0"
do
Bonds,
do
Bonds,
do
Bonds,
Boston & Maine
a rental guarantee
for 99 years.
gives
i
&Low
plain b'ds
Bo$ton dt J/ai"«'— Stock, common and scrip...
..
Preferred stock, 6 per cent, non-cumulative
Improvem't bonds, s. f., not niort. or subj. to call
Improvem't bonds, s. f,.not uiort. or sub), to call
Improvem't bonds, s. f., not mort. or subj. to call
Bonds
&
......c<kr
Bonds, not mortgage, cold
Eastern RR.cert8.ofindebt.l8tM.,g.,s.f.,notdm.c
mort
o
Portsmouth Great Falls & Conway, 1st
Charleston land mortgage notes.....
x.-J-^'V
Boiion <t /Vor.--Stock, 10 p. 0. guar. 99 yrs., Old CoL
o
Bonds, not mortgage
BMlon Revere Beach dt Lynn— StocK...
SB c*&r
New 1st mortgage, $1,000,000. gold....
Boston Wmthrop & Shore Ist mort assumed ...
....
111
73
Gross.
1898-9>6.905.665
1897-8
8
27
1891
1882
3ifl
6
la^S^gs
30—
$1,045,913
$1,500,000
. . . . . .
Rentals
Dividends
(8
per cent)
Balance, surplus
—(V. 68, p. 84. 280, 925; V. 69,
Boston
&:
Lowell
1896.
$9,350,632
$2,438,767
$337,980
78,000
2,000,000
^897.
$9,114,625
$2,456,550
$337,980
78,000
2,000,000
$30,588
$40,570
$22,787
1898.
$9,241,569
$2,446,568
Interest Pfdd
p. 26, 78;
V. 69,
$337,980
78,000
2,000,000
p. 178.)
KR.— RoAD— Owns Boston to Lowell. 27 miles
branches—Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles;
others 32 miles; Middlesex Central, 11 miles; leases- Central Massachusetts, 104 miles; Connecticut & Passumpsic, 147 miles; Nashua
H., 83 m. (and
& Lowell, 15 m.; Peterborough, 10 m.; Northern N.
subsidiary lines 99 m.): Stony Brook RR., 13 m.\ Wilton RR., 15 m.
Thet-e leases were mostly assumed by Boston & Maine.
LEASES.— Leased In 1887 for 99 years to the Boston & Maine at 7 per
eent per annum on stock till Jan. 3, 1897, and 8 per cent thereafter.
Stock and Bonds.— Stock authorized, $6,529,400. The debentures
were described on page 2, Supplement of April, 1895. The $214,000
4s of 1898 were issued Oct. 1, 1898, to retire the Salem & Lowell 6s
maturing Oct. 1.1&98, amounting to $'^26,900. In Jan., 1899. the
stockholders authorized the issue of $620,000 20 year Si^s.to be dated
Julv 1, 1899, which were sold to take up the $620 000 58 maturing on
that date. V 68, p. 84. (V. 66, p. 80; V. 67, p. 528; V. 68. p. 84.)
Bokton
&.
Maine RB.— Road— The system with its many branch
lines covers the territory from Boston, Mass., to Portland, Maine,
Bprinptleld, Mass., Sherbrooke, Can., etc., and all important places in
Kew
Hampshire, and includes
Miles.
Lines owned.
Boston, Mass. ,'oPortland, Me. 116
41
Boston to N. H. State Line..
Conway June,
Me., to North
Conway, N.H
Sundry branches
73
156
Lines leased.
State Line to Portland
Lines to Sherbrooke (P. Q.),
Rochester, White River,
07
Miles.
Branches leased
Trackage rights
Total operated July
Double track
554
7
1, '98.... 1,71
314
Controls Me. Cent, (which see) .822
Portland & Rochester
55
St.Johnsbury
]
& LakeChamp.131
York Harbor & Beach
11
Vermont Val. of 1871
24
Northampton, Groveton,
Sullivan County
26
Keene
J
The leased lines include Concord & Montreal, leased June 29, 1895.
Boston & Lowell, Central of Mass., Nashua & Lowell. Northern of N. H,
Worcester Nashua & Rochester, Connecticut River, etc.— See each co.
In June. 1' 99, suit was broueht by stockholders of the Central Massa^q,
I
338,000
250,000
:
chusetts to break the lease.— V. 68, p. 1224.
Organization, Etc. -An agreement with N. Y. N. H. & H. regarding division of territory was made in 1893. (V. 56, p. 464.)
Stock.- Common stock authorized, $19,234,388; preferred stock
$3,119,800; outstanding in June, 1897, as in table above. (V. 52. p.
164, 349.) Of common stock $945,200 held by mortgage trustees of
Eastern HR. and$3S'0.200 by B. & M. June 30, 1898. drew no dividends.
Tlie merger of the East. RR of N. II. with the B. & M. required issue
June «, IWO. of $480,188 stock and that.of the Portsmouth & Dover,
Portland Saco A Portsmouth and Portland & Rochester on Jan. 1,
1900, will rt-ciuire .t2,l«'<,-(00 additional, making total Issue $21,902,926, of which small amount in treasury. V. 69, p. 129; V. 68 p. 427.
Dividends.— J '87 '88 '89 '90 '91 '92 '93 '94 to July, '99
9
912
9
8
8
On common. < 10% 9
6 yearly.
Bonds.- As to debentures see Supplement of April, 1895.
Ivoans and notes iia.\al>le October 31, 1898, none
B.
M.
guarantees $1,328,000 first Ss of St. .Johnsbury & Lake Champlainon
Also interest
$113, .500 Portland & Rochester and $274,000 Manchester & Lawrence 4 p. c. bonds. Jointly with Maine Central guarantees $.300,000 Portland Union Ry. Station bonds.
Earnings.— 9 months ending Mar. 31
UroSf.
Nei.
Other inc.
Tnt., etc.
9 mos.
Bal.fordirt.
169--9.. $14,652 040 $4,560,882 $429,04»i $4,089,555 8ur.$900,373
422.572
1897-S.. 14,955,029
4,571,778
4,061,851 sur. 932.49»
Annual Report.— Annual meeting second Wednesday in October.
Annual report 1897-98 in V. 67. p. 6^6, showed results as follows, the
• perattng exjienses in 1897-9H including $67.^,208, in 1896-97 $609,2«7, and $1,060,063, In 1895-96, spent for permanent improvements.
Year Ending J%ine 60.
1898.
1897.
1896.
Miles operated
1,715
1,718
1,717
1
&
$8,461,640
10,201,910
1,079,395
Malls, express, etc
$8,538,278
9,975,436
1,042,973
$9,099,273
10,343,123
1,017,695
Total
Net earnings
.
A.
F.
M.
A.
A.
&
&
&
&
&
$19,742,945
$6,019,271
$19,556,687
$5,947,681
$20,460,091
$5,912,399
do
do
do
do
do
do
Nashua,
O.
A.
8.
O.
O.
& J.
& J.
Q.-J.
M. & 8.
F. & A.
F. & A.
F. & A.
F. & A.
J. & J.
M. & S.
J. & D.
J.
J.
g.
M.
A.
M.
J.
&
&
&
&
&
&
&
OflSoe.
1905-6-7-9
Apr. 1, 1932
Feb. 1, 1913
Mch.
July
Office.
do
do
do
do
do
do
Lond.. Baring Br.
Boston Term. room 526
do
do
Boston.
Boston, State St.Tr. Co,
do
O. N. Y., Met. Trust Co.
,
J.
J.
J.
S.
J.
N. Y., Farmers' L.
1898.
$6,759,475
1,089,125
3,307,107
1,030,040
1,234,002
69,779
Rentals
Dividends
Sinking fund
July 1. 1919
July 1, 1900
Ju yl'99.1i2%
Sept. 1,
'99,3%
Feb. 2, 1905
Feb. 1, 1907
Feb. 1, 1937
Aug.
1,
1.
Sept. 1,
June 1,
-^ept. 1,
Jan.
offloe.
N.
1915
1916
1,
1,
Oct..l9l7cfel8
do
do
do
do
do
do
Boston, at
4%
1. '99,
1, 1903
May
Co.'s Offloe.
Boston, at
Bost.;
July
do
do
do
do
do
do
do
do
Q.-J.
J.
J.
J.
Taxes
1942
1944
1906
1937
1906
Julyl'99,2ifl%
July 1, 1918
July I, '99,1%
July 15, 1927
& Tr,
Sept. 1.
1906
1942
May
Jan.
1897.
$6,638,983
1,104,726
3.208,012
988.348
1,234,002
68,601
1,
1,
1931
1907
1896.
$6,597,361
1,096.396
3,140,910
981,954
1,234,002
72,633
Balance, surplus
$29,422
$35,293
$71,467
-(V. 66, p. 334, 616, 899; V. 67, p. 318, 367, 686, 1002; V. 68, p. 280,
427, 570, 772, 925, 1074, 1224; V. 69, p. 129.)
Owns Boston, Mass., to Providence,
Boston Providence
R. I., 44 miles; branches, 20 miles; leases to North Attleborough, 4
miles. Leased for 99 years, April 1, 1888, to Old Colony RR.; rental.
10 per cent yearly on stock. Old Colony to July 1, 1892, had invested
$1,671,938 in road on lease improvement account.
RB.—
&
Boston Revere Beach & Lynn BR.— Owns narrow-gauge road
from Lynn to East Boston, Mass., 9 miles, connecting with Boston by
company's ferry boats; Boston Wlnthrop & Shore Div., East Boston to
Winthrop, 5 miles, with branches 3 miles. The mortgage of 1897 is
for $1,000,000; $289,000 reserved for Boston W. & S. S's; balance unissued is for Improvements. (V. 65, p. 68.
'92. '93. '94. '95. '96. '97. '98.
'99.
Dividends. > 1888-91.
Per cent. 5 7 yearly.
41^
512
5
4
3
2
2
2
Earnings.-Year ends June 30. Report for 1897-8 in V. 67, p. 1000.
Tear.
Oross.
1897-98
1896-97
—(V. 63,
Net.
$258,758
264.530
p.
Int.
ic
d
taxes.
p.
Div. paid. Bal.,surp.
$17,000
$45,218
54,948
$62,619
80.692
7 1 6, 837, 879, 967; V. 64,
Bradford Bordell
25,500
1000; V. 65, p. 68, 5 68
Klnzua Ry.— Owns
$401
244
1 000.)
Bradford to Smith,
port, Pa , 25 miles; Kinzua Junction to Rew City, Pa., 2 miles; total
27 miles. Leases Ormsby Junction to Mt. Jewett. Pa (Big Level
Kinzua RR.), 10-50 miles, andMt. Jewett to Kane, Pa. (Pitta. & West.),
12-50 miles; total operated 50 miles. Stock, common, $:<00,000, authorized; $249,000 issued; par, $50.
Bonds not "u'jiect to call and
have no sinking fund Year 1897 98, gross, $69,776; net, $20,0^8, in
terest, rentals and taxes, $19,762; surplus, $325. Pre.sident, Geo. L
Roberts, Pittsburg, Pa.; Sec, J. B. McGeorge, 39 Broad St., New York
&
—
Bralnerd A: Northern ITIlnnesota By Brainerd to B«mldji,
92 miles, completed io January, 1899. Stock, $•"'00,000; par $100.
Year ending June 30, 1897, gross, $1 0,384; net, $86,593; interest on
loans, $25 596; taxes, etc., $2 347; surplus, *58,6.50. Bills pas able,
June 30, 1897. $25,440; due Minnesota Logging Co., 456,7-44. President, C. A. Pillsbury; Treas., E. L. Carpenter; Sec, W, F. Brooks, Minneapolis, Minn.
Brooklyn
&
Brighton Beach
BB.— Vtlantic
Ave.,
comer
Franklin Ave., Brooklyn, to -tnghton Beach, Coney Island, 712 miles.
Sold Mar. 21, 1899, at foreclosure sale, to Brooklyn Rapid Transit Co
and was b^ing equipped at once for operation by trolley. V b8, p. 570.
In Junr, ]89.-#, foreclosure was brought under the consolidated mortgage of 1 96.—See V. 68, p. 1179.
Earnings.— Year ending June 30, 1898. gross, $8,247; deficit from
operating, $14,576; receipts from lease of track to Kings Co. Elev. RR.,
tei-miual, etc., $31,740. In 1896-97 gross, $37,255.— (V. 66, p. 856;
V. 68, p. 4^6, 472, 570, 669, 1179.)
Rocka^vay Beach BB.— Owns road from East
Brooklyn
New York (Brooklyn) to Canarsie Landing, Jamaica Bay 313 miles (of
which 3 miles double track), and operates ferry to Rookaway Beach.
Operations suspended during winter months. Raili- 50-56 pounds
steel. Stock is $150,000; par, $50. Dividends.- In 1890 and 1891,
each 5 per cent; 1892, 6 per cent; 1893, 10 per cent; in 1894, (?) per
cent. In year ending June 30, 1898, gross, $7,678; def. under operating, $3,067; oth. income, $5,058; int. and taxes, $29,242; bal. deficit
for year, $27,2 1. In 1896-7, gross, $l->,b82; det under oper., $6,393.
BuiTalo Creek BB.— Owns 6 miles of terminal road In Buttalo
N. Y. In January, 1890, leased for term of charter less one day, to the
Lehigh Valley and the Erie RR., wblch together own entire capital
stock of $250,000 Dividends in year 1895-96, 7 p. c.
Buflfalo Bochester
Pittsburg Ballivay.— C<Se« Jfap.;— Operates from Buffalo and Rochester, N. Y., to the bituminous coal regions:
Lines owned in fee
Miles.
Leased-- Entire st'k own'd
Milet.
Buffalo Creek, N. Y., to Howard
Johnsonburg & Bradford R R.June, Pa
56
Howard June, to Mt. Jewett. 20
Clarion Juno., to Walston, Pa. 62 Lincoln Park & Charlotte
10
Rochester to Ashford, N. Y
94 Perry RR
1
Four branches to mines
14
Leased— Stock not owned.
Trackage
Clearfield & Mahoning—
Erie—Mt. Jewett to Clarion J. 21
Clearfield to Beech Creek RR. 26
Mahoning Valley RR
2
&
,
&
—
—
—
.
Total (TfSee separate statement for this company)
336
Organization, Etc.— Successor in March, 1887, to the Rochester &
Pittsburg, which was foreclosed in October, 1885. Plan of reorganiza-
The entire capital stock ($4,000,000) of the Rochester
Pittsburg Coal & Iron Co. Is owned, the property June 1, 1899, being
bonded for $2,173,000. V. 66, p. 10s8) and through that c-mpany
in May, 1896, control was acquired of the Bell, Lewis ;& Y ates
in V. 41, p. 516.
&
firoHs earnings.
Boston, at
do
do
J.
M. & N.
Various
Net, Includ. other Income
Interest
[
Passenger department
Freight department
6
6
&
J.
Tear ending June 30.
Balance.
sur.$58,714
1,500,000 def. 73,259
1,014,782
ii,441,523
REPORT.— Report for 1897-98 was in V. 67, p. 478
Tear end ingJutu
Oross earnings
8
$6,529,400
250.000
4ifl
4
3,675,000
1,000,000
4
4
1,000,000
500,000
4
750,000
4
414,000
4
620,000
3^
100,000
19,219,388 6 In 1898
3,149,800
6
4
1,000,000
500,000
4
1,919,000
4
4
2,500,000
6,000,000
41a g.
8,386,334
6 g.
998,000
41a
594,800
4,000,000
"id"
2,170,000
4
850,000 2 In 1899
561,000
4 lag.
289.000
5
249,000
4g.
i.ooo
7,022,046
ANNUAL
N^
!)?2,604.627
1,000
100
...
1897 lOOO&C.
1,000
1886
500
1892
Ihrs.
Int., tax, etc.
A'e(.
100
•88-'93
r
Earnings.— 9 months ending Mar. 31
9 fno«
" • * "
"68
Brad Bord. d Kinzua—lut M., $300,000, g.Mp.c*
Brooklun EUrated—See Street Railway Sdpple
Brooklyn d Kockatray Beach.— lstM.,$35O,000,g.O'
Buffalo Creek— iBt mortgage
1,000
i.o'oo
1,000
1885
1,000
1887
1,000
1887
1892 lOOO&o.
1,000
1894
1876 $&£
1877 500&C.
c&r
ref
1897-8
......
100
100
—
(not mortgage) for Imp.
1,000
1,000
1899
1880
Bonds.
Nash.
1883
1885
1892
1893
1895
1896
July.
AND
RAlLliOAi) STOCKS
i&99.j
Lafayttteo
|larcDdoiAi<,
SMffioliNt,^
\*
i30Nl»S.
_Mpjdcj>?TilieY'"'^''''^^
pJRMT.jpWETT
^Keating
fTltusville
_f liassclas
fClarion Jc.
ifjOHN SON
^Stoneboio
„
^^
,,.
Collins
*
rCiaiitierry
YV»^
Claiioir:
^<
I'i'oxbuigh
Morr/„„
Sligo
BraochtoD
—
^f Ccn ,
LMerccr
,,
*"//,
'">
4r,
>^
--v//
ft,.^
.
^
yUaguscahonda
trML
.^aCavDidn
oOKllmojit
^.^-—^^^Driftwood
vAu.
mH/FoiVstville
^-.^.-/^
'
X.
A^
BURG
,«>^>-
St^'J'fsi-WBEECH J (Tee jc.
.=^
::
^
J^F-AL,L'Sj
Eagleton
CREEK
u=e oiS
.
.Karthaus.
-r
,iV^^,lM>-^ ,x4<
o_^_,i>^^ ^^yQ^jj^Jiisij SUm
Mill nall^^^„^^
Haven
CLEARFIELD
Coaltown
'•'^BIG R UN-
Nl
K'
J
Red Bank
^^
Jc. -/^
PUN XSU^WN^j^^LK RUN^JC.
Cumeng^lle
fMllesburg
VMwrisdale
Bellefonte
K
^illllpsbur^
Spring
Oscc'ula
M8.^
•
rsc'ptla(^j^pI
Mllroy
Petersburg
(
LewUlownj
5^
Mifflin^
^^HuntlngtoQ
Qloomfteld
<
^Mi Union
MAP OF THE
BUFFALO, ROCHESTER
PITTSBURG
R'Y
:
30
SUPPLEMJia^T.
USIYESTORS'
[Vol. LXIX.
Sabscrtbers will confer a sreat favor by slvlii? lininedlate uotlce of any error discovered In tbese Tables.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate
Per
When
When
Payable,
and by Slocks— Last
For explanation of column heading, Ac, see notes
Outstanding
Cent.
Payable
Road, Bonds! Vafue,
Whom.
Dividend.
on tlrst pajte of t<il>le».
RAILROADS.
Miles
of
M $1,000,000 it. o"
rffinV— Skk Erik Kailroau.
Buffalo RoftKnler rf Pittsburij—Coiumon stock
Pref. stock, non-cnm.; com. 6"o'. tlien i>ro rata...
o*
R. A r. IstM ,Kol(l, Kochcstorto Saliimanca
R. ife P. consol. mort., .f'iO.OOO per iiille,gold, g.c*
B. R. A P. Ist general M. ($10,000,000) g-.-I^no*
Buftalo Crefk—(Conel'(l)—Con.
6
°5®
^*P„V*""
1891
$1,000
Amount
$238,000
5g.
&
J.
J.
N. Y., Farmers' L.
& Tr.
Jan.
1,
1941
Brth^alo.W. r.
Debenture.'',
currency, call at 105. c"
Charlotte Ist mort., gold, guar. o*
100
100
108
276
276
$;i, 000,000,
10
Lincoln Park &
1
Perry Railroad 1st mortgage, guaranteed
Real estate mortgaire
B. R. & P. car trusts, gold
Equipm't bonds $300,000, g., not subj. call..<-.c*
Buffalo St. M<iri/s rf Soiilhireist'n— Stock, $1,000,000
46
Ist mort., gold, called at 105 Sept. 1„ '99..Ce.c*
Buffalo rf SuxQurh a una— Stock, $2,000,000
il2
Ist m..$2,000.000 g., s. r.,subj. to call at par.o*Ar
Burlitigtou Cedar Jiapids <£ Norlhern Stock
c*Ar
sea
1st niortgace
Ced. Rap. I. F. & N. W., consol. Ist M.. g., guar.c
o*&r
All
B.C.R.AN. con. IstM. & col. trust, gold
12
Minneapolis & StLouis.lst mort., gold (assumed)
Bulle AtMConda rf Pacific—Stock $1,000,000
Ist mortgage, $3,000.000
295
Calgary rf £d moit Ion— lat mort. 68, red. at 110
60
Cal. Aor^/iir.— 1st M., g. ($2,000,000, gu. p.&i.) s.f.
California Pac:iyic—SKE Southern Pacific RR.
50
Cambria cf C/earr/e/d— Stock, $2,150,000 auth
80
let M. ($2,000,000) gold
o*
Camden <e Atlantic— 8ek West Jersey & Sea Sho RE.
30
Camden <£ Burlington County Stock, 6 p. ct. guar.
Ist mortgage, $350,000, gold, gu.p.A i.by P.RR.c*
30
—
6,000,000
6,000,000 2 in '189 8
1,300,000
1881
1,000
6 g.
1882
1,000
3,917,000
6g.
4,407,000
1887
1,000
5g.
1.000,000
1897
1,000
6
1,000
350,000
1889
5 g.
20,000
1882
1,000
7
Var'us
304,000
5&6
'90 '98 i',oo6
763,000
5
1899
4>2g.
1,000
(?)
50
1,000,000 6 Jan. '99
1897
1,000
1,000,000
5 g.
50
1,518,000 5 inl899
1893 500 &c.
1,134.000
5 g.
100
5,500,000 3 in 1899
1876 lOO&o.
6,500,000
5
1881
1,000
1,905,000
5 g.
1884 1,000&C 7,250,000
5g.
500
1877
150,000
7g.
100
1,000,000
"5"
1893
See text.
£100
1890
£1,121,700 See text.
1898 $1,000 None Mar'99
5g.
50
1891
1,000
1897
1,000
—
Buflfalo
Rochester
&
Pittsburg
25
Ry.— (Concluded.)
properties, incorporated as the Jefferson & Clearfield Coal & Iron
Co. (see Miscellaneous Cos.) with $3,000,000 stock and $3,000,000
bonds. The B. R. & P. Ry. controls the coal output from over 30,000
acres of bituminous coal lands in Jefferson and Clearfleld counties. Pa.
V. 62, p. 908; V. 63, p. 115. Clearfleld & Mahoning securities are guaranteed. As to contract for construction of Ail. & Western, see below.
DiTlDENDS.— On pref., in 1892, 5; in 1893, Feb., II4 p. 0.; in 1897,
Aug., 1 p. 0.; in 1898, Feb. 15, 1 p. c; Aug. 15, 1 p. c; in 1899, Feb.,
1 p. c. V. 65, p. 234.
Bonds.— General 5s for $5,593,000 are reserved for prior bonds, etc.
The $3,000,000 debentures of 1897 are to be secured by any subsequent mortgage made except if made for refunding existing prior lieus
or for extensions exclusively; debentures are subject to call at 105,
any January or July. See V. 64, p. 706. R.
P. income 63. $5,000.
sinking fund of 5 per cent will retire equipment bonds, series "A," an-
&
nually on
May
1, if
A
purchasableatorbelowpar, otherwise to be applied
equipment to become subject to iheir
to the purcliase of ajditional
Uen. V. 68, p. 1131.
General Finances.—In June, 1897, $1,000,000 debentures were
and
floating debt of $900,000 paid off.
1898 a contract was approved with the Allegheny &
Western Ry. for the construction of an extension of 61 miles from
Punxsutawney westerly to Butler, Pa., from which to Pittsburg and
New Castle, Pa., the Pitts. & West, will be used under trackage
agreement. When completed, about Aug. 1, 1899, the AU. & W.
wili be leased to B. R. <fe P., which will guarantee 6 p. ct. on stock and
4 p. ct. on bonds. V. 66, p. 335, 759. (See this Sup., A1. & W.)
Earnings.— 11 months, ) 1898-9... gross, $3,578,326; net, $1,248,963
July 1 to May 31.
3,381,007; net, 1,198,535
J 1897-8... gross,
For nine months ending Mar. 31, 1899, net, $988,324, against *963,184; other income, $8,531; charges, $733,756; surplus, $263,099,
sold
In
against, .$224,786.
Annual Report.- Fiscal year ends June 30. The annual meeting is
New York on the third Monday in November. The report for
held at
1897-98 was given at length in V. 67, p. 423, 432. In 1897-98 carried
4,092,850 tons of bituminous coal (out of 5,874,173 total tons of freight
moved), against 2,949,582 in 1896-97.
Tear end. June 30—
1898.
1897.
1896.
1895.
Gross earnings
$3,683,590 $3,311,766 $3,141,888 $3,028,216
Net earnings
$1,122,018
$961,524
$856,976
$756,927
Other income
22,514
35,510
37,889
38,225
Total receipts
$1,144,532
Interest on bonds.... $665,966
Int. on floating debt..
4,264
Rentals
121,981
Dividend on pref
120,000
Balance
$997,034
$598,777
46,705
120,665
8ur.$232,321 sr.$230,887
— (V.67, p. 72,273,
$894,865
$603,901
45,860
127,460
Western,
V. 68,
p.
....
sr.$117,644 sr.$42,669
523.
EARNINGS.-Eleven months ending Nov. 30, 189^, gro.ss, $292,510!
net $186,491. Year ending June 30, 1898, gross, $304,906; net,
$108,951. Annual interest charges are now $50,000.
SECURITIEH.-Stock, $1,000,000, par $50; all outstanding. First
dividend paid Jan. 3, 1899, 6 p. c.
The $1,000,000 Ss of 1897 are
called for redemption at 105 on Sept. 1, 1899. V. 68, p. 669
President, .John Byrne, New York; Treas., Harry N. Qough, New
York Hec, E. H. Baird, Ridg^-ay, Pa.-V. 68, p. 84, 523, 669.
;
Biinalo
on
the
Siisquelianna
New York
I-:'ll.l*rook RR.,62
Ac
Western
RR.— Owns
from Keating Summit.
Pennsylvania RR., to Ansonla,
miles; Galetou to Wellsville, on Erie
E^;RK., 'oH,
37 miles, with branches 13 miles; Wharton, Pa., to Bailey Run, 4
™."^* is*"*;? Addison, N Y., to Galeton, Pa., 46 miles; total oper
ated, ;162
miles The road affords outlet for an exten.slve timber sec
tlon (upwards of 200.000 acres), to Buttalo, New York and Philadelphia
AddiHon A Penn^vl vauia was purchased in 1898 by the owners of the
Buffalo i bu.sq. and leased tor 25 years. (V. 66, p. 1042; V. 67,
p. 427.)
^''.•:
DivinKND.s-paid in Jan., %
1895.
<te
1896.
1897.
1898.
1899.
4
5
J
5
Feb. 5% Feb., 5%.
BONDS.-Mortgage, V. 57, p. 639, and application to N. Y. Stock
txcliainre, V. .-)8, p. lorw. Bonds cannot bo issued to exceed
$15,000
per iiiiic of nmd coinpleted and equipped. The mortgage is also
a lien
on about 89,.J94 acres of timber lantls, estimated as worth $1,700,000
The sinkuiL' fund retires each year as many bonds as indicated by
dividing total outwtandlng by the number of years tiie l)onds have
yet
to run, pnrchaaable In the open market, or subject to call at
par in
)
F.
J.
M.
J.
J.
J.
&
&
&
&
&
&
36 Wall Street.
do
8.
J.
J.
D.
Various
J. <fe D.
& N.
F. & A.
Feb.
A. & 0.
F. & A.
J. & D.
A. & 0.
A. & 0.
J. & D.
M.
(?)
Y.,
Feb. 15,'99,1%
A. N. Y., Union Trust Co.
D.
do
do
New
1921
1922
1937
1947
Jan., 1939
June, 1902
Feb.
Dec.
1,
1,
Sept. 1,
Jan. 1,
do
York.
do
do
do
do
Rochester, N. Y.
Various.
1899-1908
May
N. Y., Guar. Trust Co.
1. 1919
3, '99,
8(^pt. 1, 1899
Jan.
6%
Feb., 1899,
5%
N.Y.,H.Marquand &Co.
N. Y., H. Fisk & Sons.
Oct., 1913
N. Y., Corn Exch. Bank, Aug. 1, '99, 4%
N. Y., Central Trust Co. June 1, 1906
do
do
Oct. 1, 1921
do
do
Apr.
N. Y. Continental N. Bk.
June
1,
1,
1934
1927
See text.
1923
Lon. .Morton.Chap. & Co July
0. San Fran. & New York. Apr.
A.
&
&
J.
"&'j. PhUa., Broad
St. Stat'n.
Jan.
&
&
St. Stat'n.
Jan., '99,
J.
1,300,550
1,279,000
5'g.
381,925
350,000
6
J.
4g.
F.
J.
J. Phila.,
Broad
do
A.
do
Feb.
1,
1,
1910
1928
1,
1941
1,
3%
1927
order of numbers, beginning with the highest. V. 65, p. 234. To Oct.,
1898, $336,000 firsts had been retired by sinking fund.
Earnings.— 11 months, ) 1898-9
Gross, $709,485; net, $227,609
July 1 to May 31.
51897-8
Gross, 572,976; net, 242,563
Report.— Report for 1897-8, gross, $625,692; net (overtaxes), $261,952; interest, $61,544; sinking fund, etc., $90,548; dividends, $75,900.
In 1896-7, gross, $579,798; net, $293,175. -(V 67, p. 95 3.)
Busk Tnnnel Ry.— See Colorado Midland Ry. and V. 68, p. 1131.
Burlington Cedar Rapids
Northern Ry.— Operates
Lines owned in fee
Leased AU stock owned
Burlington, la., to State Line,
Iowa City & Western RR.,
Minn, (less 11 miles leased).. 230
Iowa City to What Cheer,&o.
75
Branches owned to Postville,
Cedar Rapids, I. F. & N. W.,
Riverside, Holland, etc
HoUand, la. to Watertown,
204
Leased
80. Dak., &c
493
Manly Jc. to Norwood
11 Ced. Rap. & Clinton RR., &g. 111
State Line to Albert Lea, Minn. 12
Total operated Jan. 1, 1899.1,136
History.- Successor to the Burl. Ced. Rap. & Minn., foreclosed 1876.
Stock.— Authorized, $30,000,000; outstanding, $5,500,000; par, $100,
The Rock Island Co. is understood to be a large stockholder.
Dividends— 5 1893. 1894. 1895. 1896. 1897. 1898.
1899.
Per cent.
3
4
4
3
extra.
Bonds.— Cedar Rapids I. F. <& N. W. bonds are guaranteed (p. & 1.),
and so endorsed; the $825,000 6s were called and paid AprU 1, 1899,
and an equal amount of consol. 58 of 1884 issued. V. 68, p. 185, 721.
Of the B. O. R. <e N. 5s of 1884 (Central Trust Co., Trustee*, bonds are
reserved to retire. If deemed best, all prior and divisional bonds. For
extensions bonds may be issued at $15,000 per mile for single and $7. 500 per mile for second track, the total author, issue not being limited,
Minneapolis <& St. Louis bonds due June, 1927, numbered from 1,101
to 1,400, for $500 each ($150,000 in all), have been assumed.
EAUNINGS.—5 months, ) 1899
Gross, $1,781,665; net, $483,323
Jan. 1 to May 31,
Gross, 1,627,194 net, 534,530
5 1898
Annual Report.— Fiscal year ends December 31. Annual meeting
is held on last Tuesday in May.
Report for 1898 was in V. 68, p. 567.
~
31
Tear ending Dec.
1897.
1896.
1898.
1895.
Gross earnings
$4,545,643 $4,292,162 $4,450,035 $4,504,332
Net earnings
$1,430,821 $1,243,330 $1,083,303 $1,454,372
Other receipts
40,031
60,123
28,205
49,480
&
—
—
—
—
,
44&4
(3
;
"—
Total net income.. $1,490,944
$795,152
$596,271
31,252
124,960
316,423,432,954,1108; V. 68, p. 230,870,1131.)
BuflTalo St. Mary's 4f: Soiitlmrestern RR.— Clermont, Pa., to
Hyde, 46 miles; trackage, Erie RR., Hyde to Shawmut, Pa., 5 miles;
U)t:il operated, 51 miles.
A con.solidation January 29, 1897, of the
St. .Mary's ic Southwestern RR. and Buffalo & St. Mary's RR. Operated
In connection with coal lands in Elk Co., Pa., which are controlled in
saiue interest and are said to have a daily capacity of 3,000 tons.
In March, IH'JO, acquired by parties interested in the Central N. Y.
&
F."& A. N.
Interest on debt
Dividends
Miscellaneous
799,400
220,000
66,893
(4)
$1,283,361 $1,111,508
799,400
807,673
(4)220,000
(4) 220,000
472
1,642
1,503,852
(3)
811,080
165,000
$82,193
754,812
146,677
$527,772
335,374
133,240
Tot.sur.Jan.1,'99. $1,034,842
$789,402
$690,328
p. 5 70; V. 67, p. 40
V. 68, p. 185, 56T,721.)
$729,906
Surplus
Cash assets prev.yr.
Improvements, etc.
$404,651
650,378
20,186
-(V. 66,
$263,489
546,694
20,781
;
Butte Anaconda
Pacific Ry.— Operated in May, 1897, Butte
branch. Rocker to Butte Hill, about 9 miles.
In June, 1898, it was reported that the line from Anaconda to Stuart,
Mont., formerly part of Mont. Union Ry. was being operated as the
Stuart Branch. Bonds authorized at $40,000 per mile. Capital stock
$1,000,000 (par $100). On June 30, 1897, the Great Northern owned
,$490,000 stock and $1,000,000 bonds, and June 30, 1897, $700,000
bonds additional were outstanding as collateral for $627,620 loans
and bills payable; Anaconda Copper Mining Co. owned $510,000 stock.
For year ending June 30, 1898, gross, $937,544; net, $495,298; taxes,
$5,813; interest on bonds and loans, $71,222; balance, surplus, for
year, $418,263. Dividends at 6 per cent per annum in 1897-98.
Calgary
Edmonton Ry.— Owns from Calgary, Canada, to
Edmonton, Can., 191 miles, and to Fort McLeod, Can., 104 miles
Leased at cost of operating July 1, 1896, for 5 years to Can. Pacific, V.
62, p. 1086. The Government subsidy (of £16,000 per annum for 20
years) and total net earnings will be applicable to payment of interest, the balance of any coupon to receive scrip-redeemable out of
surplus earnings. On Jan., 1897, coupon 1 p. c. was paid; on July,
'97, coupon, II4 p. 0. Jan., 1898, 1% p. c. was paid, and in July, 189S,
2 p. 0. The land grant was 1,888,448 acres, of which 407,402 acres unsold was held (Oct., 1896,) by Government against subsidy.
Stock
$1,000,000, par $100. In 1897-8, gross, $357,587; net, $194,379. Report for 1896-7, (V. 65, p. 1170) showed net, $67,315. (V. 67, p. 27.)
to
Anaconda, 26 miles
ic
;
&
:
California Eastern
RR.— Owns
30 m., from Blake to Manvel
Nev., operated in October, 1898, and $684,000 5 per cent bonds, said to
have been sold for extension to Calivana, Nev., 47 miles. Areorganization in 1896 of the Nevada Soutliern Ry. Stock, $588,800,
California dc Nevada RR.— See V. 63 p. 29.
California Nortli weHterii Ry.— Operates under lease the San
Francisco .v ^ortli Pacific Ry.. extending from Port Tiliuron, Cal.
(whenceferry to San Francisco, 6milo.s), to Ukiah, Cal., 106 miles, and
branches, 59 miles. Also, In 1899, was building an extension of
.
July,
AND
ttAlLKOAD STOCKS
18i9.)
iiONDH.
*4i
Sabscribem will confer a great favor by glvliis immediate notice of any error discovered In tlicae Tables.
RAILBOADS.
iBo»i(/5— PrlnclINTEREST OR DIVIDENDS.
Miles Date Size, or
— (uil.When Due.
Amount Rate perl Wlien
of
of
For explanation of oolumn headings, &o., see notes
Par Out8t4inding
Where Pajablo, and by Utoekt—L^at
tables.
Road.
on flrst pajce of
Bonds Value.
Cent. 'Payable
W hoiu.
Dividend.
I
I
I
Canada Atlantic—Stoc\i {$1,000,000
l8t mortgage, gold (see V.
is pref.)
6'2, p. •277).
Canada Mich, dt Chic.—l»t mort. See
Canada Sonlhern—Stock
F
o'
V. 63, p.
138
1889
459
404
404
16
100
1878
1.000
18S3 l,000&o
1895
1,000
100
838
l8t M. $14,000,000 (Can. money). SceV.63.i>.188.
2d M. for $G.000.000. Caniul n money. Do.do.oAr
Learn. & St. Chvlrlst M., sjold, fru., p.i\:i.(enil)....o*
Canadian /•nri/fr— Stock (See text)
r
Pref. stock limited to 4 p. o., non-cumulative
1,000
1,000
...!
« « *
$3,000,000
3.4r>0,000
5g. J, & J. N.Y.,Bk.Mont.,AMont.| Jan. 5, 1909
Worthless.
15.000.000 2 in 1899 P. & A, N. Y., Or. Cent. Station. lAug. 1 .'99. 1%
13,!)25.000
5
IJ. A J
N. Y., Union Trust Co. Jan. 1, 1908
5,()50,000
5
|M. & 8. N. Y.. Union Trust Co. Mch. 1, 1913
i:tO,()00
4 g. 'A. A O.'Montrcal. Bk. of Mont. Oct. 1. 1945
65.000,000 l»-2 In '98 A. A O. N. Y.,5i) WallSt. .\c Lon. Apr. 1. '09,2%
20,!)ri 1.000
'A. A O.
4
London. Co.'s OlUce. Apr. 1. '99.2%
1,823.333
5 A 6
Various
Montreal.
1899 A 1910
7.000.000
do
4»o 'A. A O.
Mar.1,1904 06
3,414.500
5 g. !A. A O. Montreal. N.Y. or Ivond'n Oct. 1, 1931
34,;)!)S,633
5 g. J. A J. London. Baring B. A Co. July 1, 1915
3,(;50,000
5 g. J. A J.
do
do
July 1, 1937
15.000.000
do
do
3>flg. J. A J.
July 1. 1938
48,329,533
'J. A J. London, Comp'ys office. Irredeemable,
4
I
269 '79-'80«100&o
370 •82-'83
1831 500 &o.
3,22i 18S.5 £100 Ac
l8t mortiiaije delieuture sterlinsr
o*Ar 183 1888 £100 Ac
let mort. on Alijoma Branch, Kold
1888 £100 Ac
Land errant bond.^. int. K\i. by Can. Gov't... o*Ar
1889
Consolidated perpetual debenture stock
Securities of Principal Le.vsed Lines.
Manitoba 8. W. Col. R'y $12,000 p. m.. Int. guar.jf 218 1884
1.000
2,544.000
Atlantic & Northwest^-lst mort. gold, iniar..c*.tr 350 1887 £100 Ac £1.330.000
£100
North Shore Rv.— lat M. C. P. owns $610,767... 205 1883
$(!1(>.120
58 1876 £50 Ac
St Lawrence A Ottawa— Ist mort., sold, see text
£200.000
(Quebec stock iruaranteed in perpetuity
Ontario
$100 $2,000,000
Ont-AQue. deben.. Interest iruar. in perpetuity.. 67'i
£4.007.381
as
rentiU.
191 1883
£100
£7i;).000
Toronto Grev it Bnice. lat M.,goId, int.
Ry.l8tM.,gold,lnt.fromrental.o*
174
1884
£100
New Brunswick
£630.000
int.
guar
stock,
Perpetual consol. debent.
£847,872
Oapt Fear <t Yadkin Val.—See Atl.\ntic <fc Yadki N rV.
•81-'94 1,000
Carolina Central—Old bonds, non assented
115,233
267 1898
1st c«n<ol. M., $3,000,000. gold. su. p.& i. end.F
1,000
2,847.000
1893
Wilmington Ry. Bridge, Ist mortgage, consol.
216,000
Can.Ceut.RR.l8taud2amorts.,lstM.8.f.,dr.atl05
8uebec Prov. due on Q. M. O. & O. and N. S. RR.
an. Pacific, land mort, sold (redeem at 110)
I
!
«.fe
I
1
60 miles into the ledwood forests of Mendocino and Humboldt countIncorporated in March. 1898. Stock authorized. $3,000,000
par. $100. Bonds, $2,00i).oo authorized, issualde at $2.=), 000 per mile,
to be guaranteed by "an Francisco A North I'aoitic. leased for net pro tits
for 20 years from Sept. 20, 1898. Pres., A. \V. Foster; V.-Pres., Geo. A.
NewhaU Sec. and Comp., Thos. Mellersh.— V. 67, p, 370. 688, 788.
Calirornia Pacific Ky.— See Sodthern P.\ciFic RR.
Cambria <k Clearfield KK.— Cresson to Glen Campbell Junction,
48 miles; branches, 49 miles. Stock (par $50) paid In $1,300,550 all
owned by the Pennsylvania RR. Co.. which operates the property under
an arrangement terminable at option of either party. Net earnings are
paid a^s rental. A full abstract of the mortgage was in V. 52. p. 976. In
year 1898. gross. $374,047; net, $122,460; interest and taxes, $79,237.
In 1897 gross $308,621; net, $87,384.
Camden Oc Atlantic RR.—See West Jersey A Sea Shorb.
Camden A: BnrllngtonConnty RR.— Owns from Camden, N. J.,
to Pemberton. N. J.. 23 niUes; branch, Burlington, N. J., to Mount Holly,
7 miles; total, 30 miles. Operated by the Pennsylvania RR., which
guarantees 6 per cent on stock. Stock. $381,925; par $25. Dividends
in January and JiUy. In 1898, gross, $243,890; net, $30,260; loss to
leasee under rental, $7,156. In 1897 gross, $232,875.— (V. 64, p. 373.)
Canada Atlantic Ry.— Owns Ottawa, Canada, to Alburg, Vt..
Including bridge over St. Lawrence river. 1471^ miles. Uses Vermont
A Province Line Ry. to Swanton. Vt., there connecting with Boston A
Maine and Maine Central systems. Also has trackage Lacolle to
Rouse's Point, N. Y., 4 mUea, there connecting with the Delaware A
Hudson and Ogdensburg A Lake Champlain .systems. The company
also runs throvigh trains to Montreal, using the Grand Trunk Ry. from
Coteau. Montreal, 37 miles, under a traffic contract. Leases for 99
years the Central Counties Ry., extending from Glen Robertson to
Ilawkesbury, 21 miles, and South Indian to Rockland, 17 miles.
Ottawa Amprior A Parry Sound Ry.. Ottawa to Parry Sound, 260
miles, was completed in Dec, 1896, and in May, 1 899. was to be amalgamated with the Canada Atlantic. It was proposed to make a new loan to
consolidate the debts of the two co's.— V. 68, p. 669; seealso V. 69, p. 178.
History.— Incorporated in 1880, and line completed from Ottawa
to Alburg in December, 1897. Stock, $2,000,000 common and $1 ,000,
000 preferred. Earnings in year ending June 30, 1897, gross, $722,775;
V. 68, p. 669; V. 69. p. 178.)
net, $247.443.— (V. 66, p. 706, 901
Canada ^Tllcbigan & Chicago.— Bonds worthless. V. 63, p. 838
Canada Southern Ry.^fSee Map New York Central <£ Hudson R.
Railroad.) — Roai>—Main line from Suspension Bridge station, including the Cantilever Bridge to Windsor, Ont., 226 miles; branches to
Courtright, Ont., etc., 231 miles; total. 457 mUes, of which 100 miles are
nominally owned by proprietary companies. Trackage, St. Thomas to
London. Ont., 15 miles. Double track, 98 miles.
Oeoanization, Contracts, Etc.— The Comnanv was chartered In
Canada February 28, 1868, and debt readjnsted in 1878. In Nov., 1882,
a close contract was made with the Michigan Central for 21 years
from January 1, 1833, providing for the payment to Canada Southern
of one-third the Joint income over all llxed charges. The contract
Provided for a re-apportionment every live years, and in December,
892, it was agreed to give the Canada Southern 40 per cent and the
Mich. Cent. 60 per cent of the flrst $1,000,000 of net earnings, any
amount over that to be divided on the basis of one-third and two-thirds,
as before. But under the original contract each company la still accorded
consequently as the
all benefit from the reduction in its ttxed charges
Michigan Central to Jan. 1, 1898, had reduced it« charges about $327,ies. Cal.
•
;
•
;
;
000, that
amount
is
credited to
it
before division
is
made
V. 64, p.
5.
DrviDENDB.— 1883 '89 '90 '91 '92 93' '94 '95 '96 '97 '98 '99
2
3 2»2 213
2
2
Since 1887.... 2»2% 2^ 3h 2I3 3 3
Bonds.— Bonds are payable In Canadian currency.- V. 63. p. 188.
ANNUAl, Rkfort.— The report for 189S was In V. 68. p. 1129; (Canada So. share of earnings, .$300, H67; other income, $1,424; dividends, *300,000; bal., surplus for year, $'<5,091. In 1897 Canada rto.
share, $2-2.402 other income, $1,642 dividends, $300,000; balance,
deficit, $15,956. Total surplus Jan. 1, 1899, $5,691.— (V. 68, p. 1 liit).
;
;
.
Pacific Rf.— Road— Own a transcontinental railway
from Montreal to the Pacific Ocean, made up as follows:
2,905 Underc-oQHtruct'n Jan.1,'99. 371
Montreal to Vancouver
732
1,414 Operated acct. of owners
Branches and auxiliaries
Also controlled but op. sop.—
2,268
Leased line.s
94 IMinn. St. P. A Sault Ste. ,M. 1,245
Uaedjointly
TIDuluth South 8. A Atlantic 589
tHeo each co's statement.
Total in traffic returns
6,681
History. KTC— incorporated Feb. 18, 18H1, under charter from D<»
minion of Canada, receiving $25,000,000 In cash as a subsidy, also
Canadian
25,000.000 acres of land, all to bo lit for settlement, riio Oiitirio
Queliec. Montreal to Toronto Junction, 3.'M miles, was leased In 1H83
A
for 999 years, and its stock and bonils guarariti-i'd. In .July. H90.
leased the New Brunswick Ky. for 990 yearn. Tim .Montreal A Ott.iwa
branch Ixtw ecu V'au<lieiiil and (^)ttawa.42 miles, has been operalcd sitico
September 5. IH'.^H.—V. 67, p. 52i<.
Stock.- The company bought of the Dominion Ooveminent an annuIt.v
of 3 p.
c. p<'r
iiiinum on the co:iiMioii st<M-k for the ten years 1884-
lS9:i. the last p.iynii-nt having been made in August. I'^'Xi. The Is.sue
of preferred stock must never exceed one half the common stock.
5
5
5
4
(6)
A D.In. Y.,59WaUALondon
A J. London, Baring R. A Co.
A O.
do
do
15J. AD. Can. PacolHce, London.
iJ. A D. Montreal and London.
J. A D. London, Morton, Rose.
A J. Toronto and London.
iF. A A.
London.
J. A J.
do
J. A J.
J. A J. Ist coup. pay. July, '99
A. A O
g. !j.
g. J.
|A.
6
5
4
5
g.
g.
4
6
4
5
g.
.T.
June
1934
1,
Jan. 1, 1937
Apr. 20. 1904
See text.
Juno. '99, 3%
Irredeemable.
July 26. 2882
Aug. 1, 1934
Irredeemable.
1920
Jan.
1949
1.
1943
Dividends-
)'83. '84. '85. '86-'89. '90-'93. '94. '95. '96. '97. '98.
5
4 3 y'rly 5 y'rly
5
2>3 219
41^
Issued in 1894.
4 p. ct. yearly (2 A.
O.)
On common in 1898, April, 213 p. c; Oct., 2 p. c; in 1899, Apr., 2 p.o.
Bonds, Debenture stock, guaranteed Bonds, Etc.- -In May
1888, the company relinquished its exclusive right to operate In Manitoba lines to the International Boundary, receiving the Dominion Government guarantee of interest on $15,000,000 of la7id bonds These
bonds are a lien on 15,444,200 acres of land subject only to $3,426,000
land grant bonds of 1881, which are redeemable at 110.
List of securities held against consol. debenture stock in V. 66, p. 528.
Canada Central 1st M. 58 mature Oct. 1. 1899, $850,000 outstanding; the 2d mortgage is 6 p. c. for $973,333. due Nov, 1, 1910.
In June, 1890, company agreed to guarantee the principal and Interest of $20,000,000 4 per cents, to be issued by the Duluth South Shore
A Atlantic; also 4 per cent interest on bonds of the Minneapolis St. Paul
A Sault Ste. Marie. (See V. 50, p. 874; V. 51. p. 239; V. 52. p. 608.) Of
the Dul. 8. S. A At. consols it owned Jan. 1, 1899. $15,107,000.
To the Atlantic <£ Northwest Railroad, crossin" the State of Maine,
the Dominion Government grants a subsidy of $186,000 per year till
1906 and Canadian Pacitlo guaraute^^a the balance of interest money.
St. Lawrence <£ Ottaioa bonds are endorsed with the Canadian Paciflo'a
acceptance of a 999 years' lease at a rental sullioient to pay 4 per cent
interest oa bonds, and the bondholders' agreement to accept interest
at 4 per cent (instead of 6 per cent as formerly), and to refrain from
demanding payment of principal during continuance of lease the maturity of the bonds is June 15, 1910.
Common
p. c. S 2>3
Preferred p.o. )
&
;
The New Brunswick Railway consolidated debenture stock has
by C. P.; interest on the flrst mortgage bonds,
though not guar. Is uaid out of rental under 990 year lease of 1890.
Lands.— Lands unsold Dec. 31, 1898, were 15.896,750 acres of Canadian Pacific grant and 1,069,637 acres of Manitoba South Western
grant and 187,792 acres of Columbia and Kootenay grant.
Total
sales in 1898 were 348,608 acres, for $1,121,774.
Interest guaranteed
General FiNANCKS.—The stockholders in April. 1899. authorized expenditure of $3,554,176 during 1899 for briiiges, ballasting, terminals,
equipment, etc.; and the guaranty of inlere-ston $5,000,oOo new 50,
year Minn. "^t. P. Sault A Ste. Marie second 4s (immediate issue $3,500,000).— V. 68, p. 526, 669, 770, 977.
In 1898 £2.285.000 of 4 per cent preference stock was sold, and
proceeds applied to purchase of railways, extensions, additions, improvements and eciuipiuent; also £412,191 4 per cent consolidated
deb. stock for the purchase of various guaranteed securities.— V. 68,
p.
526.
Earnings.— 5 months,
Jan. 1 to
May
31.
) 1899
51898
Gross, $10,326,084; net, $3.99.^,193
Gro-ss,
ANNUAL Report.- Fiscal year ends
at Montreal
full
on the
first
Wednesday
was
in V. 66, p. 519, 526.
ending Dec. 21.
9,4.57,909; net,
3,33»),281
Annual meeting Is held
The report for 1898 in
Dec. 31.
in April.
See also editorial
p.
499.
Year
1898.
1897.
1896.
Miles operated December 31..
6.681
6.568
6.476
.")90
Passenger earnings
$6.538.
$5,796,115
$4,820,143
Freight
16,231,445
15,257,897
13.187,560
Mall, express and mUscell
<,368. 942
2,9 95,522
2,673,894
Total earnings
$26,138,977 $24^»,535 $20,681,597
59!)2
Perct. of oper. exp. toeam'gs.
5716
6080
Net earnings
$10,475,372 $10,303,776
$8,107,582
423,:J67
Interest received
340.706
511.165
$10,898,739 $10,644,482'
$8.t>l!S.747
Fixed charges
6,774,320
6,783,367
6.708,084
Contingent interest
203. S90
Dividends
3,072,708^
2,964,026
1.612 .i>4ri
Balance, surplus
$1,051,711
$897,089
$93,827
-(V. 6«,p. 376, 519. 520,660.770.977,1131. 1179; V. 69. p. 17'<.)
Cape Fear \. Vadkln Valley Ry.— See Atlantic A Yadkin Ry.
Carolina (Central RR.^Owns from Wilmington, N. (\, to Kutherordton. N.C., 267 miles. of which 2>«ni. (Wil. R. Bridge) owned Jointly.
Controlled by Seaboard A Koanoke and Raleigh A (iiiston. New stock:
Common. $1,500,000; pref. 5"i, non cum.. .$.'>0().000; par, $100.
Olin vNi/.ATloN. — Reorganized without forecrlosun- In l'<9S-99 per
plan Iti V. 07. p. 27:t, over four llftlis of the old bonds assenting.
The
old bonds were iHt 6s of 18SI. $2.O<)().O00; Ist 68 of 1894. $2.''.0,00O;
2d and 3d .Ms. of IS/^l.eacli $I..'>00,000.
HoSDS.— To retire all the old bonds wnn Hied In Nov.. 189^^. the new
$3,000.(100 4 per cent mortgage. gu:kranl4>e(l prlncl|>al ami Int. by Henboard A Uoanoke and Kali'Isb A Gatfoii. HtMMfiiiirantv In V'.tis. p. 472.
Brlclife bonds guiinintced by ('iirollnii Ci'iit.. Wll. Col. ,V Anif. and Wll.
A Weldon; coiihoI.h being HUUsfltiifed fnr the olcl l»t and 2d mm l-i -n
bonds; .'icjO.OOO consols were also reserved for new draw for
which $!•;. 000 have been Issued. In March, IH99, all the oM
excepting $<0.000 Ists, $22,400 2ds and $ii^.833 3<1'«, Inchnllng rtorip,
had assented to ilu- ri'orgnnlzatlon agreement. V. 6^<. p. 47 J.
•':
Earninos.— In year ending Juno 30 earnin
t
!•
1897 98
1H96 97
OroHS.
ffiir,.lHI
(i()7,l.t">
Srt,
$1.SJ.772
130.311
I
t-I-..
1
!»;..(.
President, John SUilton Wllllains. Klihmond.
i2
Va -(V.
'
,
-
22
liiVESTOKS'
ISOFPLEMEJSTT
,VoL. LlilX.
confer a great favor by giving Immediate notice of any error discovered In these Tables.
i«»MM— PrlnciINTEREST OR DIVIDENDS.
RAILROADS.
mies Date Size or ^^^^^^
pal,When Due.
Rate
per
When
notes
Where
Payable,
headings,
Ac,
aee
and by Stocks— LtLSt
Per explanation of column
Outstanding
vflue.
Bonds
Roid.
Cent.
Payable
tables.
Whom.
Dividend.
tirst
page
of
on
Subscribers
ivlll
i
j
i
cC A'or/Airf»V.—Chester & L., 1st mortgage
Ist mortfrage, $450,000
Oar.so;irfCb/(«-a(/o— IstM. for$3,500,000,g.,s.f.o*&r
Carthage rf J(fir.— let M. $1,600,000 g..gu.p..tl.o*ir
Carihage Water. tt Sack. Uur.— lat^l. g.,gu.p.&i.end.
Catasaiiqua <i FogeLirille— 1st mortgaf^e, g.PP.c*
Ca/airussa— Pref.8tock8,5?ogu. P. »feR. Ry. See text.
o
Mortgage bonds
r*
Ist mortgage (morts. of 1862 extend, in 1882).
—
..
300
43
29
98
93
PP.o*
Istconsol. uiort., $2,215,000, gold
Catskill Mountain— First mortgage
Ist income bonds
Cayuga <£ Situq.—StociL, 9 p. C. rental D. L.
i'03
16
&
$100,000
265,000
7
4
1870 500 Ac.
500
1882
1898
1,000
1885
1885
3d
2,000.000
1,100,000
300,000
135,000
See text.
1,300.000
230,000
685,000
50,000
238,000
589,110
1898
1899
1895
1895
1895
1895
1897
1896
1895
1895
1895
1887
1,000
2,P00,000
See text.
7,000,000
16,500,000
1,000,000
840,000
413,000
168,000
4,000,000
7,000,000
4,000,000
4,880,000
1890
1,000
9
Carolina
W
34
Central Branch
100
Cent. Br. U. P Ist M., g., not suhj. to call Un.o*
288
Cent. Br. 1st M. on 288 m. (See text), to be gu. ..
312
C«Ht. of Oeorqla Rif —Ist M., $7,000,000, g.c*&r.
o*A;r 1,119
Con.sol. mortgage, $18,500,000, gold
124
Mobile Division 1st mortgage ($1,000,000) ..g.o*
Macon & North. Div. Ist mort., $8JtO,000. gold.c* 106
Mid. Ga. & At. Div. Ist M..$9,000 p. m.,car.,.Go* Text.
21
Eatont.Br. IstM.not guar.by Cen.Qa.,g.,call par
c*
• >•
Interest up to 5 p. c,
Ist pref., incomes )
>>>
If earned,
o*
do
>
2d do
non-cumulative.
c*
....
do
)
8d do
Cent. RR.& Bk.coll.tniBt bonds, go., red.atllO.o*
.
1897
1892
1892
1891
1898
500
1,000
1,000
1,000
1,000
50
.
i.obo
1,000
1,000
1,000
1,000
100
1,000
1,000
1,000
1,000
J.
4g.
J.
J.
5
g.
.1.
4|.
J.
g-
5
7
6
4
M
F.
F.
g.
A.
5
F.
6
9
J.
Ocean
Augusta & Savannah stock (no bonded debt)
Southwestern of Georgia stock (no bonded debt)
53
332
Central Massachusetts— Fret, stock (see text)
100
100
100
....
•
- •
....
mortgage
Debentures, $500.000
99
c*
1st
1886
1H95
l.OOO
1.000
Carolina ic Cumberland (Sap Ky.— Carolina :TIidlaud Ry.
—Purchased by the Soutliern Railway in 1899. V. 68, p. 826, 97;^.
Carolina Midland Ky.— AUenlale, S. O., to Seivern, S. C, 55
miles; Seivern
&
In
Knoxvillo RR., t^eiveru to BatesDurg. 17 miles.
May, 1899, both properties were purchased by the Southern Ry. Co.
as "part of new line I'roni Columbia, S. C, I0 Savannah, c*a. V. 68, p.
979 Stock, $540,000; par, $100. Firtt mortgage bonds June 30, 1898,
^683,000.
V. 68. n. 979.
&
Carolina
Nortb western Ry.— Owns narrow gauge
road
Chester. S. C, to Lenoir, N. C, 110 miles. Reorganization Feb. 28,
Stock, $350,000; par $50.
1897, of Chester & Lenoir, foreclosed.
June SO, 1897, income bonds, $25,000; current liabilities, $22,365;
current assets, $13,822. Year 1897-98, gross, $115,939; net, ^37,306.
—(V. 64,
p. 180).
Carthage
& Adirondack Ry.— ("See Map
JV.
T. Central.)—Owns
Newton Falls, New York, 46 miles. The entire stock,
owned by the New York Central RR., which In April,
from Carthage
to
$500,000, is
1893, leased the property in perpetuity and guaranteed its $1,600,000
bonds, of which $500,000 were for extensions, etc. (V. 57, p. 218.)
(5'ee Map
Carthage Watertown &. Sactteti's Marbor
N.T. Oew^/'ai.;— Owns from Carthage to Sackett'sHarbor,N.Y., 29 miles.
Controlled by N. Y. Central, which owns $483,300 of the stock and
guarantees the bonds. Leased to R. W. & O. for 37^2 p. 0. of gross
earnings. Rental in 1897-98, $44,163; in 1896-97, $36,083; In 1895-96,
$37,421. Capital stock $465,845 common and $21,500 preferred.
Owns from Tamanend, Pa., to WllUamsport, Pa.,
Catawlssa
93 miles, and branches. 10 miles. Re-leased Dec. 1, 1896, for 999 years
to Philadelphia & RednUng Railway. Rental, interest on the bonds, 5
p. c, dividends on the preferred stock, all taxes, and $8,000 for
organization expenses. Bee also V. 63, p. 969, 1116. Of the preferred
stocks in 1898 $2,200,000 was first preferred and $1,000,000 second
preferredandoommon was $1,159,500; car $50. Of the new Ist consol.
mortgage 4s ot 1898, *l,f>30,000 are reserved to retire 7s and 6s due
1900 and 1902, and $685,000 remainder issued in exchange for remaining bouds of the company. V. 66, p. 1139 V. 63, p. 924, 969.
Catskill Mountain Railway.— Owns narrow-gauge road from
Catskill, up the Catskill Mountain, to Palenville, N. Y., 16 miles leases
Cairo RR., Cairo Junction to Cairo, N. Y., 4 miles; total, 20 miles.
Stock, $89,000. There are also second incomes for $15,600 6 p. c.
First incomes have one vote for each .$100. Eahstings.— Year ending
June 30, 1898, gross, $47,846; net, $13,420; interest, etc., $13,331;
RR.—
RR.—
;
;
Cayuga & Susquehanna RR.—Owns
from Susquehanna River
to Ithaca, N. Y., 34 miles. Leased during length of charter and renewals thereof to the Delaware Lackawanna & Western at a rental of
$54,600 a year. On Dec. 30, 1897, the corporate existence of this
company was extended for the period of 50 years from Jan. 1, 1900.
Cedar Rapids CJarner dc Northwestern Ry.— Garner, la to
Titouka, 27!) 7 m., operated from about Nov., 1898, of which Garner to
Haytieln, n-53 miles, is Burl. Ced. Rap. <fc Nor. trackage. Extension
reported proposed in July, 1899, from I'itouka oC Bancroft, for which
stock was auth'irized to be increased from *250.000 to $500,00i». First
5 per cent gold mortgage (1 bond only) due Oct. 2.'\, 1900. Pi-esident,
A. C. Ripley; Sec, H. H. Bush, Garner, la.; Treas., H. N. Brockway,
Central Rranch
To o\vn Lenora to Atchison, Kan.. 293
miles; Jamestown to Burr Oak, Kan., 33 m.; branches, 62 m.; total,
miles.
Incorporated
388
July 7, 1899, as successor of the Central
Branch Union Pacific Ry., Atch. Colorado & Pac. and Atch. Jewell Co.
4 Western. The new company will assume the $2, .500,000 Central
Branch U. P. 4s and the $3,459,000 ist 48 to be distributed to assenting bondholders of Atch. Col. & Pac. and Atch. Jew. Co. & West, to
the amount or 75 per cent of the principal of their holdings and guaranteed liy the Missouri Pacific (see V. 68, p. 329).— V. 69, p. 129.
,
RR.—
Central Branch Union Pacltlc
Branch RK which see above. (V.
Ry,— To be merged in
Central
For 6 mos. ending Dec. 31, 1898, gross. $294,219; net, $100,563. In year 1897 gross
the
100
miles
owned
on
were $612,666; net, $271,506. In 1896
gross, $445,921 net, $209,588. -V. 68, p. 378; V. 69, p. 129.
Central of Ueorgla Rallw^ay.—^5e« Jfap.^— System includes:
Lines owned in fee.
Miles.
Lines leased
Miles.
Savannah to Atlanta
295 Southwestern of Ga. RR,
Gordon to Covington
82
Macon to Eufaula
144
Columbus to Binu'gham, Ala. 156
Fort Valley to Perry
12
Columbus to Ainericus
«2
Fort Valley to Columbus...
71
Montgomery to Eufaula, Ala.
79
Smithville to Columbia
85
Columbus to Greenville, Ga.
50
Cuthbert to Fort Gaines...
20
Opelika to Roanoke
36 Augusta <fe Savannah RR.—
Eufaula to Ozark
60
Millon to Augusta
53
Griffin to Carrollton
60 Prop)-'y Xirte— Up.sonCo.RR.
Savannah to Tybee
18
Barnes ville to Thomaston..
16
Columbus to Searight
122
Macon to Athens
102
Total operated
1,523
Ocean Steamship Company,
Total owned (and oper'd)*. 1,122
estimated equivalent of
300
,
69, p. 129.)
;
\
—
I
*
owns in fee Meldrlm to Lyons, 58 miles, now leased
Alabama RR., making total mileage owned, 1,180 miles.
In addition
Georgia
<k
to
&
&
&
&
&
&
&
&
&
&
4 g- J. &
4
5 g. F. &
5g. M &
5 g. J. &
5g. J. &
5 cur J. &
5 g. J. &
Up to
Up to
Up to
5
5
5
5g.
July 1, 1900
1927
.1.
In default.
July 1, 1941
D.
New York City.
Deo. 1, 1981
•T-, N.Y.,Grand Cent.Stafn
July 1, 1931
J.
Philadelphia, Pa.
July 1, 1928
.T.
N.
N., Philadelphia Co.'s office
May
A. Phila., Phil. &Read. Ry.
A.
do
do
O.
do
do
A.: C'skill,N.Y.,Tan.Nl Bk.
Divld'd pd. Sept. 10,'97.
1900
1902
1, 1948
1, 1905
1, 1915
July,'99, 4J2%
J.
New York,
D.
N. Y., Merc. Trust Co.
52
WaU St.
A. N. Y. GuarantyTrust Co.
N.
do
do
do
do
J.
J.
J.
&
&.
&
&
&
&
1,
2,
June
1,
1948
Nov.
Nov.
1,
1,
1,
1,
1,
1945
1945
1946
1946
1947
D.
19<i6
M
1,000,000
5 g. .T.
1,022,900
5
J.
5,191,100
5
,1.
3,949,900 liflin'98 J.
2,000,000
A.
5
100.000
'A.
A.
5
J.
J.
J.
D.
19,'99,2>«
Aug.
Aug.
Apr.
Aug.
Aug.
Jan.
Jan.
Jan.
Oct. 1 Oct. 1, '98, paid 2 p. o.
Oct. 1 New York, when earned
do
Oct. 1
do
& N. N. Y., Guaranty Tr. Co.
Ouaranteed,
ttc., securities.
88. Co. 1st mortga,i;e, gold, guaranteed...o
<fe
M &
5
Nov.
Nov.
Nov.
1,
1,
May
1,
1,
1945
1945
1945
1937
N.Y., Guaranty Tr. Co. July 1, 1920
Savannah, Ga.
July, '99, 2^%
Savannah and Macon. July, '9^, 213%
Boston, 53 State
O.
O. Boston Office
St.
]June 1,'99,^%
Oct.
<fe
Int. Tr.l Oct.
1,
1.
1906
1906
Organization—Organized Oct. 17, 1895, and Nov. 1 succeeded to the
properties of the Central Railroad & Banking Co. of Georgia, sold in
foreclosure and reorganized per plan In V. 60, p. 1008 and V. 61, p. 68.
Mid. Ga. & At. was purchased Jan. 1, 1897. V. 65, p. 324; V. 62, p. 456;
V.64, p. 82, 180. As to leaseof Georgia RR., see V. 65, p. 924 and V. 68,
p. 722. In 1898 purchased the entire $250,000 stock ot ttie Bruton
& Pineora Ry., projected Bruton to Pineora, 98 miles, of which Bruton
toMettar, 47 miles, in operation in January, 1899. (V. 67, p. 687.)
Stock.— $5,000,000, held by interests friendly to Southern Ry,
Bonds.—The ^r*<mor<srafire of 1895 (described In V. 63, p. 1160) la
& first lien on thQ main line from Atlanta to Savannah, including tlie
Milledgeville branch (312 miles in all), all equipment and appurtenances and the equity in $1,995,000 of the capital stock of Ocean
Steamship Co. of Savannah. Trustee, Guaranty Trust Co. of New York.
Application for listing firsts and consols. In V. 63, p. 1160.
The consolidated mortgage (see abstract In V. 61, p. 873, also see
V. 63, p. 1160) is a first Hen upon 580 miles [including former
Mont. & Eufaula RR.. Sav. & Western and Sav. & Atl.]; also on
the leases of the 8outh Western and Augusta & Savannah roads and
the stock of New England Steamship Co., and a second lien upon the
main line, its equipment, etc., and also on the Macon & Northern and
Mobile & (lirard. It also covers aU leaseholds, securities, etc. It may
be increased $2,000,000 from $16,500,000 to $18,500,000, at the rate
of not more than $500,000 in any one year, for betterments and for
equipment. Trustee, Mercantile Trust Co. of N. Y.
Mobile Division bonds are direct obligations of the Central of Georgia
Ry., secured by a first lien on Columbus, Ga., to Searight, Ala., 122 m.
Macon <£ Northern Division bonds are also direct obligations of the
Central Ry., with first lien from Macon to Athens, Ga., 105 miles.
Hiddle Oeorgia d Atlantic Division bonds are issued at $9,000 per
tntle, of whicli $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 miles, the firsts of 1897 cover the 65 miles of
At. Division. (V. 65, p. 823; V. 64, p. 180; V. 65, p. 324.)
M. Ga.
The preference income bonds, subject to the prior mortgages, cover
line and the former Savannah <fe Western, Columbus & Rome,
the
Montgomery & Eufaula, Mobile & Girard, Maoon <Ss Northern and
Savannah & Atlantic RRs., and their equipment, etc.; also all
leaseholds, securities and equities of properties acquired by the new
company. They are non-cumulative and bear interest not exceeding 5
per cent in any one fiscal year, but payable only out of net earnings
as declared and secured by the deed of trust. On 1st pref. incomes,
paid l^isp. c. in Oct., 1896, 2H p. c. Oct. 1, 1897, and 2 p. c. Oct. 1,
1898. (V. 65. p. 410; V. 67, p. 529.)
Collateral trust mortgage abstract was in V. 45, p. 242.
Latest Earnings.— 11 ; 1898 9.. ..Gross, $5,396,285; net, $1,735,839
mos., July 1 to May 31. S 1897-8... Gross, 5,160,815; net, 1,769,956
Anndal Repobt.— Report for 1897-98 in V. 67, p. 687.
189^.
Tears end. June 30—
1897.
&
mam
Gross earnings
Total operating expenses
$5,507,070
3,433,777
180,132
$1,897,161
110,275
$2,007,436
Taxes
Net earnings from operation
From
steamships, etc
Total
$5,280,696
3,271,594
180,968
$1,828,134
329,807
$2,157,941
DEDUCTIONS FROM INCOME FOR TEAR 1897-8.
Interest on funded debt$l,536,800 Total deduot's from inc.$l,934,292
Rentals, etc
397,492 Net income
73,144
Officers.— President, H. M. Comer, Savannah, Ga.; Vice-President,
John M. Egan.— (V. 67, p. 527, 629, 687; V. 68, p. 722.)
I
|
Central lUassachusetts RR.—Owns North Cambridge to North
The stock is $7,419,202 (par $100), of which
$3,949,102 is preferred and controls the company until 8 per
cent dividends shall have been earned thereon In any one year.
Dividends
< Jan., 1896.
1898.
1896. 1897.
1899.
ampton, Mass., 99 mUes.
Percent
<
Leased to Boston
1^2 for '95.
lis
l^a
IH
June,
£^
& Lowell for
99 years from 1886, at a rental of 20
p. o. of gross up to $1,000,000. but with a guaranty of sufficient rental
to pay interest. In June, 1899, suit was brouaJit by the stockholders
In year 1898-9 gross
to break the lease. V.
8, p. 570, 669, 1224.
$835,787. For year ending March 31, 1898, gross earnings, .$675,689;
t
rental, etc.. $168,203; organization expenses, $1,500; interest, $119,088; dividends, $59,146; deficit, $2,587; in 1896-97, gross earnings,
$830,975.— (V. 61, p. 1106; V. 68, p. 570, 669, 1224.)
Central IVew^ England RR.— Owns from Campbell HaU, crossHudson River at Poughkeepsie by its own bridge, to Sil-
ing the
vernails, 58 miles and leases and controls Hartford & Conn. Western
RR., Hartford to Rhineclilf, 109 miles; total, 167 miles; also Dutchess
Co. RR.. from Poughkeepsie to Hopewell June, 12 miles; trackage, 1
mile. The extension from Tariffville. Conn., to Springfield, Mass., 18
miles, is to be completed about Sept. 1, 1899.
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 info reclo sure Oct. 6. 1898.— V 6i p. 84. In January, 1899, per;
JCLY,
1899.J
KAlTJiOAD STOCKS
AND
BONDS.
2:t
SUPPLEMENT.
IN VESTOKS'
94
Vol,
LXIX.
Snbscribera will confer a great favor by giving Immediate notice of any error discovered In theae Tables.
RAILROADS.
Size, or
MU68 Date
For explanation of column Ueadlnsa,
on liret page of tables.
&o., see notes
Par
Of
of
Road. Bonds Value.
$ 10
100
Oe^itral S'etc £:u<7/nnd— Common stock
Preferred stock. 4 percent
1st mort.. $1,'250,000, call at
105 after 5 years..
per cent incomes, $8,500,000..
Dutches.-! Co. RR., 1st M., gold, guar (see text).o*
Central X. I'.rf WeslerH—^ st mort. $1,000,000, g..c*
OeiUrai OAio—Stock ($411,550 of this is preferred).
Con. Ist M. (for $2,850,000) now Istlien, gold..e
General
niort.. 5
1,000
1,0J0
1,000
1,000
1899
1899
1890
1892
....
....
12
50
1886
137
1,000
I'licifle—'SE.w Secukities to be Ootst \NDING UND
stock. $67,275,500
I'rtferred stock, 4 p. c, cum.. $20,000,000
1899
1st ref. mort., $10t»,000.000. gold, gu., p.& i.end. 1,349
Kew 3H». $25,000,000. gold. guar., p. ^V i. end.. 1,349 1899
1899
....
Notes for U. S. debt, due $2,940,635 half-yearly.
Old Securit ies to he Retired.
1 .„
5 1865
)
Ist mort.. ser. A, extended, call, gold
1*0
See
Ser. B, C. D. extended, call, gold
S
Series E. gold, extended, 185)7, 53, call j text
^QQ 51867
598
1868
Series F to I, incl., gold, subject to call $
146 1870
Ist M. B.Joaquin Val.Rr.,g. (8. f.) not drawn
Central
Common
ER
Re
100
I
.
—
I
h866
1
,
Loan (2d lien) $58,812,715, p.<fei., Feb.1,'99
WestPac, San Jose to Brighton, Cal., series A, g.
U.
8.
do
Cal.
& O.
Do
series B, Ist M., to Oakland, gold
1st M., ser. A, g. (exte'd) ) s. f. yearly.
do
ser.
B,
g. (exte'd)
S
not drawn..
1st M., gold, guar., extended in 1890.
Mort. gold 6s, 1936, ld.gr. s. f., not drawn
Mort. gold, 5s, 1939, Id. gr.,guar., s. f., not dr'n.c
Cent. Pa. <f ITf«<•»^.— Wilkesb. & West., 1st M., g.o*
Cent. HR. of X. J".—Stock ($30,000,000 author)..
Bonds, secured by consolidated mortgage of 1874
Land grant
737 1865-9
123 1869
24 1869
296 1868
296 1872
1870
1886
1,36*6 1889
31 1886
Consolidated mortgage (now first mort^a^e) .c*
Convert, debentures, convert, into stock till 1907
. .
Outstanding
Rate
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
BoJids— FrlnclINTEREST OR DIVIDENDS.
pal,When Due.
per When Where Payable, and by Stocks— LiABt
) To be h
$3,450,00
3.150,000 5 is pai
650,000
5
7,163,323
5
350,000 4Ja (6) g.
242,000
5g.
2,860,628
4l2g.
2,500,000
ADJUSTMENT Plan.
67,275,000 To be he)
12.000,000 To be hel
a 52,944000
4g.
12,000,000
S'a g.
2,995,000
3,383,000
3,993,000
15,507,000
6,080,000
58,812,715
1,970,000
765,000
5,982.000
4,358.000
2,204,000
56,000
12,283,000
620,000
26,936,300
1.167,000
3,836,000
412.000
•
195,178
647,475
1896-7
Note.— Of
old
141,044
sur.
54,134
company excluding bond interest.
Okficeus.— John W. Brock, of Phila., President;
and C. A. Heller, of Phila., S3c.— V.
J.
K. O. Sherwood,
69, p. 12 i.
Western K.K.— Road— Olean to Bolivar,
Central
N. Y., 18 miles; branch to Horuellsville, 10 miles; Angelica, N. Y., to
Wayland, 35 miles: total operated, 35 miles, of which Olean to Bolivar,
18 m.. narrow gauge. Stock $1,000,000; par $100. On June 30, 1898,
of N. Y.. Treas..
New Vork &
payable. $212,179; open accounts, $13,224. In Mar., 1899, the
Buttalo St. Mary's <fc Southwestern was acquired by parties interested
In the Central N. Y. <fe West., and it was said the properties might be
connected and merged.— V. 68. p. 523.
Stockliolders voted to increase stock from $1,000,000 to $2,000,000
to standard-gauge narrow-gauge division and for improvements. In
May, 1899. several short lines were stated to have been acquired with
a view to consolidation. V. 68. p. 871.
In April. 1899, the Central New York & Northern was incorporated
with $1,500,000 stock, to build a 55-mile extension to the West Shore
RR at Macedon, with branch 5 miles. V. 68, p. 822.
Earnings— For year ending June 30. 1898, gross, $68,565; net,
$6,058; charges, $15,987; def., $9,928.— V. 68, p. 523, 8^2, 871.
Owns from Bellalre, Ohio, to Columbus, Ohio,
Central Ohio
137 miles, of which Newark to Columbus (33 miles double tracked) is
owned jointly with I*itt8. Cin. Chic. & St. Louis; operates branch, 7 miles.
Reorganization.— Under the new B. & O. plan in V. 67, p. 688, 1159,
providing for the acquirement of the Central Ohio, each C. O. 413 per
cent bond will receive $1,170 In the new B. <» O. Pitts. Junct. & Middle Div. 1st 3^8. and each $50 of stock, common and preferred, $50
In B. & O. preferred and a cash bonus of $7 50.— V. 67, p. 1206, 1356
In 1897-98, gross, $1,619,451; net, $357,556. In April, 1899, a
majority of the stcckholders had assented to the plan. On Aug 8, 1899,
the stockholders will vote on a proposed amendment to the lease by the
bills
RR.—
B. <tO.— V. 69,
p.
129.
Central Pacific
Lines owned—
San Francisco, Cal.,
RR.—
C-Siee
Ogden, Utah
Latnrop.
Cal.. to
Map
of Southern Paciflc.)—ROAS>.~
Miles.
to near
Goshen, Cal.
Roseville Junction, Cal., to
Oregon State Line
Miles.
Branches to San Jose, etc.
872
Trackage—
146 Northern Ry,, Main Line..
Union Pacific Into Ogden.
296
Total
Read.jcst.ment Plan.- -The plan Issued by Speyer
&
35
I
J.
J.
J.
M.
D.
J.
J.
Boston, 53 State
1,360
Vommon sUick, 1^67,275,^00.
Preferred *tock,i per cent cumulative, authorized issue $20,000.000, to be delivered to Southern Pacific Co. in consideration of issue
of equal amount at par valueof the Southern Pacific Company's 4 per
cent gold bonds; of which to bo delivered on completion of readjustment, $12,000,000; reserved to be delivered only to provide additional funds, if required, for the payment of 3 per cent notes to the
United States, and thereafter only for betterments and additions
$3,000,000; reserved to 1)6 delivered for improvements and additions
at not exceeding .$200,000 yeai'ly, $5,000,000.
(3) First refunding M. gold 4s. $100,000,000. and to be secured by all
the railroads, terminals and equipment now owned, including auoui.
1,349 miles of first track, etc., or by deposit as collateral security of at
least 90 oer cent of the present outstanding first mortgasfe bonds or
the Cent. Pac RR. Co. of California and the West. Pac. RR. Co., and
at least 75 p. c. of all the now outstanding bonds of the Central Pacific BR. Co. and merged coiiip jnies; of wliich to l)e retained by United
States as collateral for 3 per cent notes, $47,056,000; in partial exi
change for existing bonds, $51,253,500 jiurchased by syndicate to
provide cash requirements of plan, $1,690,500.
St.
St.
New York, 54 Wall
8. Sept.,'98,
pd.when due.
Jan., 1896, 3%
Sept. 1, 1930
d by So. Pacillo Company.
1944
F. & A. Ist cp.pay'eFb. 1,1900
Aug. 1, 1929
F. & A.
do
do
Ag.'01-Feb.'09
3
& J.
& J.
& J.
& J.
A. & O.
Various
J. & J.
J. & J.
J. & J.
J. & J.
A. & O.
A. & O.
A. & O.
J. & J.
Q.-F.
M. & N.
1898
1899
1900
June
5
1901
June
5
1900
Oct.
6g.
1895-99
6g.
July 1, 1899
6g.
July 1, 1899
6g.
Jan. 1, 1918
5g.
Jan. 1, 1918
5 g.
Oct. 1, 1900
5g.
Oct. 1, 1938
6g.
Apr. 1, 1939
5g.
July 1, 1926
5g.
N.Y.Off.,143 LlbertySt. Aug. 1, '99, 1%
4 In '98
N. Y., Liberty Nat. Bk. Nov. 1, 1902
7
do
do
July 1, 1899
Q.-J.
7
6
M. <fe N. N. Y.. Liberty Nat. Bk. Mav 1. 1908
5
5
(6)
(6)
(6)
(6)
g. J.
g. J.
g. J.
g. J.
N. Y., S.Pao.Co., 23 Br'd.
do
do
do
do
do
do
do
do
United States Treasury.
N.Y., S.Pao.Co., 23 Br'd.
do
do
do
do
N.Y.,S.Pac.Co.&London
N. y.,So. Pac. & London,
do
do
N. Y. & San Francisco.
July,'94, int. to be adj'd.
Dec.
Dec.
1,
1.
1,
1,
1,
b The four notes maturing Aug., '99 to Feb.
Thirty-year gold 3^s, $25,000,000, to be secured by a second lien
all the properties covered by the 1st ref mortgage, and also by
deposit with the Trustees as acquired of all securities and moneys held
in any sinking fund of the Central Pacific RR., consisting Jan. 1, 1899,
of $12,553,000 in securities and $86,459 cash, and by a trust deed
upon all the lands now covered by the mortgage dated Oct. 1,1870:
of which in partial exchange for existmg bonds, $13,695,000; purchased by syndicate to provide cashreqiiirementsof plan, $11,305,000.
(5) Twenty ihree-per-cent notes, aggregating $58,812,714, issued to
the Government in settlement of subsidy debt; $11,762,543 paid, leaving $47,056,000 to mature, $2,940,635 half-yearly Aug.. 1901. to Feb.,
1909. First refunding 48 are deposited to retire them when due.
The Southern Pacific Co. will acquire the stock of the Cent. Paoifl
RR., issuing its own stock for $67,275,500 as part consideration, and
also $36,819,000 collateral 50-year gold 48, secured by a collateral
trust mortgage covering all the new Cent. Pac. preferred and common
stock acquired. See statement for Southern Pacific Co. In March,
1899, a large majority of each class of bonds and over 97^2 per cent of
the stock had assented to the plan, which was thereupon declared
operative.— V. 68, p. 617.
(4)
upon
Terms of Exchange.—
-Each $1,000 receives
,
Existing bonds to be deposited. *Oash. Refg.'ks.
Cent. Pao.RR. Co. 1st M. "A".... $33 33
$1,000
SeriesB, C, D.E. F.G.Hand I.. 29 17
1,000
35 00
West. Pac. RR. 1st M., A and B.
1,000
San Joaquin Valley Branch Ist M. 50 00
1,000
Land bonds
Fifty-year 63
Fiftvyear 5s
Cal. & Or.
and Cen. Pac. RR. 1 st M.
41
50
41
29
67
00
67
17
.
New 3^s OT All cash
. .
500
500
500
1,000
a $1,000
a 1,000
$5i)
50
50
75
700
900
800
200
1,000
1,000
1,000
1,050
1.050
1,090
'Interest from the d«e dates of the last coupons matured prior to
Feb. 1. 1899, at the same rates up to the date when the new bonds
begin to bear interest, namely Aug. 1, 1899. a Payable in New York,
with accrued interest.
The old common, on payment of $2 per $103 share, will receive par
in Southern Pacific stock and 25 per cent in So. Pac. coU. trust 48.
On June 30, 18^19, suit was brought to foreclose series "A" first
mortgage bonds. V. 69. p. 26.
Status of New Oompang.— The fixed charges will a.ggregate $4,875,000; on the 4s held by the Govern oent the saving of 1 per cent per
annum until Feb. 1. 1901. or about *470,000, while the sinking funds
will earn about $695,000, making net charges $3,710,000.
Land Grant.—Total land grant was about 12,000,000 acres, of which
about 2,840,000 acres had been sold to December 31, 1894. Sales in
1896, 38,644 acres; cancellations, 17,979 acres. Land contracts on
hand July 1. 1898— uncompleted payments, $158,734; principal of
deferred payments, $553,6 12 and interest do., $558,224.
Earnings.-H months, ) 1898-9.. Gross, $14,897,510; net, $5,647,454
July 1 to May 31
5 1897-8. .Gross,
14,420,543; net, 6,157,133
Annual Report —Fiscal year (since 1896) ends June 30. Abstract
of report for year ending June 30, 1898, was given in V. 67, p. 1157,
1163, showing gross, $15,766,349; net, $6,544,679, against gross,
$12,639,711 and net $4,990,812 in 1896-97. For the calendar years.
1894.
Tear ending Dee. 31—
1895.
1896.
;
$12,527,084
—V. 68, p. 329, 378, 427, 472, 523, 617, 721;
Pac. loans shown above. The present indebtedness, including the
U. 8. Government loan [the latter amounting, with interest, on Feb.
1, 1899, to $59,812,7141, will bo discharged and the future needs of
the property provided for by new securities in the table above, viz.:
(1)
(2>
&
&
&
&
1919
1919
June 1, 1940
Jan. 1, 1943
d by So. Pacific Company.
Gross earnings
Co. and associates In Feb.. 1899. and publislied in V. 68, p. 378, provides for the
acquisition of the stock l)y the .Southern Pacific Co. and the guaranteeing by that company of the principal and interest of two new Cent.
Dividend.
eld in tr ust for ten years, or un til 4 per cent
d on gen eral mortgage for two years.
a Balance, $47,056,000 retained as collateral for 3 per cent notes held by U. 8. Gov't.
1901, and aggregatiuK *1 ) ,762,543, purchased per plan by Speyer & Co.— V. 68, p. 378, 523.
sons friendly to Boston & Albany acquired a large interest. V. 68, p41, 84. Owns $1,390,000 Hartford & Conn. Western stock.
Stock.— The stock is to be held in trust for ten years, or until 4 p. c.
Interest is paid on general mort. for two years.
Bonds. -Of the first 5s, $650,000 are issuable at once for assessments, line t J Springfield, etc. and .$600.00 > will be reserved for improvements. Interest on Dutchess Co. RR. firsts reduced to i^ p. c.
The fixed charges will aggregate $147,500. Annual net earnings of
old company, $J00,000; estimated surplus. $52,500. This includes
Interest upon the cost of the Springfield line, but without allowance for
any increased revenue therefrom.— V. 66, p. 761.
Latest Earnings— 11 mos,, > 1898-9. ..Gross, $614,116; net, $195,299
623,260; net, 194,144
JulyltoMay31
> 1897-8... Gross.
For years ending" June 30 earnings of old company were as follows:
Charges.*
Net.
Balance.
Gross.
Tear to June 30—
sur.$77,633
$681,611 $213,529 $135,896
1897-8
Whom.
Payable
Cent.
b 47,056000
100
1872
1874
1883
Amount
$13,118,245
$13,045,657
V. 69, p. 26.
Central Ry, of New Urunswick.— See V. 63, p. 116.
Central RR. of New Jersey.— C5ee 3fap;— Road— Operates from
Jersey City, opposite New York City, westerly to Wilkesbarre an<?
Scranton, Pa., and the neighborin.g anthracite coal fields also southerly to the seashore resorts along the coast of New Jersey, etc.:
Lines owned in fee.
Miles. Lehigh & Susquehanna, Phil72
lipsburgto Union June, [etc. t.l72
Jersey City to Phillinsburg
Sundry branches
85 Wilkesbarre & Scranton IT
5
Entire stock owned.
Lehigh & LackawannaU
35
;
Long Branch & Seashore
6 Other lines
New York & Long Branch RR.,
AUentown Term.
Perth Amboy to Bay Head.. 38
Trackage—
New Jersey South'n RR., Long
Union Coal RR
(oper. jointly)
9
3
10
Branch to Atsion, etc
2
78 Lehigh & New England
Other hues (no debt)
138 Tresckow Branch
5
Leased (inostli/ for 999 yrs.) Miles.
Ogden Mine RR." IT
10
Total operated Jan. 1, 1899.. 685
Nesquehoning Valley II
17
See Lehigh Coal & Nav. in "Misc. Companies."
II See this company.
There are 261 miles of second and 30 miles of four tracks. With the
Ohio and the Pliila. & Reading operates the " Blue Line" beBait.
tween Washington and the Southwest and New York, the B. & O. tracks
being used to Philadelphia, the Reading to Bound Brook and the Central N. J. to Jersey City.
History.-Chartered in 1849. From May, 1883, to Jan. 1, 1887,
leased to Philadelphia & Reading. Receivers were in possession from
Jan. 1, 1887, tUl January, 1888. Reorganized in 1887 without fore1
<fe
July,
RAILKOAD STOCKS AND BONDS
1809.1
P^'i'w BiTlln
V
^Vlt\alld
V
•2.-V
;
V.N. Norv/iHi
Norwioh,
rccviUe UstiUo
BrURe
Vy^
UiilifonlVs
^'^-'^SuiT^vrialns
jNownrk
Vul.
^cK.n<lor
1
lli)i>.t'
Heads
.Elmira
„
I
Walton
ir-Nlllt'Veh
^inghamtc
X^v^,
^^~
?\
Susquehann
Great Bene
llani-ofk
I
i
Snedikeri
'Thompson
Montrose
-^^*3f, Hank Ins
Montrose I
S
J Hop
Unlondale
I
Button
a
Cochecton
MonticcIIo
,pen p\
Honesdale
.^
XiJ
/'iN'arrowsbii.-g
^Carbondal
Larka\vuxcn>
JAiehbald
I
'^
Ralston
.v)V^
ft»
Port
•>-o^
Jervi>.
'«J'»-*^'/,^«V..
,
>t<x«VO
rt
\Moscow
^tSBARRE
..x\\>
So
3*
*:\ Tobyhanna
12
1°
la
%,
UP. LC>IIGH(
^^*,o«-
*'.?;>
*1
</>^
..^^°^..
''//p
Su,
5unbury\
^^
^-^:««-'
Shamokin>i._£i^
9*;,^^
T^
Slatingt^y
Cannel
•"°to„
^ottsvill
Hemdon
iSchiiylkljtUaven
^^^
.4uburiv'~~<lvPort Clinton
^'"ont
fAlbiiVtis
I
\5liUersbursr
^landon
^.^-^
Dauphin
''"^o,^,
9 Mt. P iVasant *1
1
.
-^
Turners
—
J
.
3
INVESTOKS' SUPPLEMENT.
3tf
Subscrlberm
wlU confer
a sreat favor by
RAILROAD8.
.
•Fer explanation of cohinin headlnjra, &o., see notes
on tlrst pajte of tables.
Central Railroad of Xene Jerseu—fOotu-l'd)—
Lontr Br. i Sea Shore let ra., HIkUIMs to L. Br.o'
Cent.RR.of N.J.. Oen.iuort.for*50,000,000,g.,oAr
Real estate bouil and mortgages
Quaranleed Bonds—
Ani.DockA Ini p.Co. let M.,gii., redeem, at 1 10... 0'
N.Y.A- L.Br.gen. M., $2,500,000, g. (f 192,000 5s)
Leh. & Hud. River, gen. M g., guar. Jointly... o*
J. City bonds, guar, (part yearly Dec. 1) see text
Oe/ilrai RH. of riuiisylrania-BoQAf*, $1,200,000..
Oentral of So'ulfi Carolina— lf<t mortgage, gold...c
Central rermoH<— Stock, $3,000,000.
Ist mortgage, $12,000,00i' gold, trafflc guar
j^jj^^
Date
Size, or
of
of
Par
Road Bonds Value.
1869 $1,000
1887 .500*0.
6
I
All.
'
,
40
AB
1898
t7i€*/ec— Receiver's ctfs., V. 68, p.llTv^
c"
let mortgage, $12,000 per mile, gold
Charl. Clend.dt Sul.—l st M. g..$30,000 p. m."\V.P.c'
100
1889
1894
1,000
1,000
Stock
dt Savannah
General mortgage, gold.o*
inc.,
l8t and 2d pref.
$1,000,000 each, non-oum.
100
103
103
1886
1886
1896
1896
1897
1,000
1,000
1,000
1,000
1,000
1871
1,000
Oenlralia
<£
—
Charleston
Chart. ,£ Wetl. Car.— let M.,g. ($8,000 p.m.) .Ce..o*Ar
Income M., g., min-cum., ($7,000 per mile) C.c*
Augusta Ry .'Terminal 1st M.,g., gu.,p,<& 1. end.Ce.
OKar tiers—Stock
c
Ist mortgage, guar. p. & 1. by Penn.
RR
Ohalcaugay
50
23
100
.ff/f.— Stock
On coupon bonds J&J; on
registered bonds!
*-'
Q.—
5
-89. '90. '91. '92. '93. '94. '95. '96. '97. '9«.
'f9
Q
Q^ 7 7 7 5^3 5 4^4 4 lncl.,Aag.3^
BoxDS.— Jersey City bonds (V.68, p. 128). representing taxes on terminal property, will be taken up by C. RR. of N. J., viz.:
Percent.
Dec.
1,
«
3
1899, t95.119:
1900, t7o,488
;
1901, 806,202
;
1902, $76.616
;
1903, *122 385
Of the general mart, of i8Sy (see abstract of mort. V. 45, p. 402) $6,076,000 on Jan.
1898, were reserved for the prior Cent. N. J. bonos
and for the following: N. J. Southern 6s, $411,000; Long Branch
& Sea.^hore 78 $1'.)7,000. All the old bonds, it will be noticed, mature
within a few years. General mortgage trustee is the Central Trust Co.
Jointly and severally with the Coal & Nav. Co guarantees $1,062,000
Leh.
Hud. River Ry. Gen. 58, prin. and int. See V. 67, p. 788.
See .Veir York dk Long Branch, bonds In Supplement of Jan., 1897;
during 1897 .$.nO,000 general 58 were Issued for improvements.
The $1,500,000 N'ew York & Long Branch let 5s were called for pavment on June 1. 1899, and were replaced by gen. 4s, which thereupon
became a Urst mortgage on the entire p; operty of the N. Y. &. L. B. KR.
1 ,
<Si
—V.
68, p. 283.
Gener.\l Finances, Ac-The $2,310,000 Lehigh C. & N. 6s assumed
were paid Deo. 15. 1897. general 58 having been sold therefor. V.65,
In April, 1898, the Lehigh & Wilkesbarre Coal Co.,
p. 1114. 1219.
It was stated, had omy $375,00(J of loans and bills payable outstanding
that were not held by the Central RR. of Nf-w Jersey. The current
liabilities of the latter company wt re shown in the balance sheet, V.
'.
66. p. 424. See also V. 64, p. 1041.
The sal- of $4,503, 00 stock at ar to stockholders of record May
10 provided for retirement of $3,836,000 consol 7s due July 1,
ISPS^, $41 1,000 New Jert-ey Southern Ist 68 due .luly 15, 18'*9. and
$197,000 Long Branch <fe Sea Sh-re 1st 78 due Deo. 1, 1899, a total of
$4,444,000 bonds, wit h annual intei est charge of $i 06,970. V. 68, p.822
Earnings.—6 months, 1899.. ..Gross, $6,771,4^9; net, $2,555,208
January 1 to June 30. S 1898
Gross, 5.747,815; net, 2,043,598
3 months ending March 31
3mos.
Gio\s.
Xtt.
Other inr.
IrteresI, efe. Bal.sur.
^
1899. ...$3,207,756
1898... 2,824,633
$1,144,777
918,442
$l,172.04i
$225,0237,708
1,C05,002
81,148
Annual Report— Annual meeting is held on Friday next preceding
second Monday in May. The report for 1898 was in V. 68. p. 278.
Tear ending Dec. 31.
1898.
1897.
1896.
Pas.-eutrer and freight....,
$7,267,032
$6,901,557
$6,655,177
Anthracite coal
4,826.9fO
5,261,282
5,381,111
Mail, express, etc
.^81,865
535,970
543,162
N. Y. & L. B. Division
480, 87«
469,964
465.017
Trackage
27,548
43.9b9
72.884
Total gross earnings
$i.'S2,331
$13,187,271
Set overexpenses and taxes... $5,118,958
Income from investments ... >
-00 kor
ojo,ozo
Premium account
5
Lehigh & Wilks. coupons
*R
.i^Totalnet Income
Interest on debt
RenUlH paid
Dividends
^JfBalance
$5,715,484
$2,996,809
1,585,940
(4)899,880
$13,212,772
$5,044,101
698,139
$13,117,350
$4,798,782
840,440
1428,120
$5,742,240
.$6,067,342
$3,027,755
$3,030,029
1,627,868
1,641,048
(4)899,880 (5)1,124,850
8ur.$232,854 8ur.$186,737 sur.$271,415
tNot paid in cash, but collectible June 1, 1900. See Lehigh & Wilkes,
* Lehigh <t
Willses. coupons, included in l>-96, omitted. (V 67 d'
221, 788, 1054; V. 08, p. 128, 278, 28i, 822, 925, 1022, 1131).
Central
RR.
When Where
Rate per
Cent.
$197,000
43,924,000
310,350
7
5
.1.
g-
5
M
g.
&
&
&
M &
J.
J.
4
6
6
N. Y., 143 Liberty St.
D.
of Pennnylvanla.—Owns Bellefonte (Penn.
RR
)
to Mill HiiU, Pa. (on Beech Creek RR.) 27 miles; branch, 4 milesoperates Nittany Val. RR., 7 miles. Current liabilities June 30, 1897*
$199. .^.57. For year 1897-«. gross, $31,525; detlcit under operatiuK
$8,198; charge-, $48,469; deHcit, $56,667. Stock, $1,200,000; par,$.50
Central Kit. of South Carolina.— Otvns from Lane, 8. C. to
Sumter, S. C. 41 miles. Leased to the Atlantic Coast Line RR. of South
Carolina; rental $31,000 yearly. Stock. $170,000. par .$50 lu year
189 7-98, gross, .$9.i,286; net over taxes, $36,019.— V. 64, p. 887.
^Central Vermont Ky.—Tdcvater at Rouse's Point, at north end
of Lake Champlain toNew London, Conn., viz.:
Owned Iti ffe—
Miles.
Leased~
Miles.
Wiud-or to Rouse's Point, etc.. 179 New London & Northern IT
158
Es.s^x Jet. to Cambridge, Vt. .. 26
Operated—
St. All)an-> to Bichford, Vt
28 Montpelier & White Riv. RR,.. 14
'Entire »t ik owutd —
Stanstead Shettord & Chainbly. 43
31ontreal & Vermont Juno... 23
^
Total op'd (USee these co's.).47j
do
do
Various
5
4&5
&
J.
5
Payable, and by
Whom.
g.
J.
<fe
,T.
8.
'
pal,Wben Due.
Payable
Stocks— l^a&X
Dividend.
Dec. 1, 1899
July 1, 1987
Various dates
do
do
N. Y., Liberty Nat. Bk.
July 1, 1921
do
do
Sept. 1, 1941
N. Y.,Nat. Exch. Bank.l July 1, 1920
Deo. 1'99-1903
Phil.,Fid.I.Tr.&8.D.Co. May 1, 1943
N. v., Cuyler, M. & Co. July 1, 1921
eld by Grand Trunk Ry .of Canada,
lyia
I
.1.
D.
N.
J.
1.
3,000,000 Majority to be h
Q.—F.
11,000,000
I'abt. 500.000
J. & J.
978,000
A. & O.
1,000,000
500.000
7 g- J. & J.
1,500,000
April.
7
2,000,000
A. & O.
5
2,720,000
October
5
2,380,000
6 g. A. & O.
600,000
'98
A. <fe O.
645,300 10 in
A. & O.
500,000
7
75,000
ll
a Guara nteed jointly; with Lehigh Co
closure— see plan V. 44, p. 714, 716. Operated from February to
Concerning coal
August, 1892, under lease by Reading RR. Co.
properties see Lehigh A Wilkesbarre in " Miscellaneous."
Stock.- Increased to $27,053,600 in May, 1899, by sale of $4,503,800 at par. See below.
Dividends.—
Amount
Outstanding
4,987,000
1,000
1881
1,692,000
1,000
1891
1.000 a 1,062,0(0
1890
435,810
1898
600,000
1893 500" &o.
300,000
1,000
1881
38
lxix
[Vol.
immediate notice of any error discovered In these Tables.
Bo7ids—PTiao
INTEREST OR DIVIDENDS.
grlvliis
j
IT
'
July
Interest in default.
Phil. WstEud
N. Y.,12
T.&S.D.Co
W.23 & Cha'st'D Jan.
See text.
1919
1944
1,
Oct. 1,
1936
1,
Irredeemable.
N. Y., Chase Nat. Bank.
If earned.
N. Y. Cent. Tr. Co.
1946
1946
Apr. 1. 1947
Ap.1,'99, 3ia%
Philadelphia, Penn. RR. Oct. 1, 1901
al
Oct.
Oct.
1,
1,
& Navigation Co.
Organization.- Succeeded May
1,
1899, as a reorganization, per
in V. 67, p. 735, the Central Vermont Railroad, sold under foreclosure March 21, 1899. V. 68, p. 1076.
amended plan
Securities, Etc.— The Grand Trunk Ry. holds $2,185,800 of
the $3,000,000 stock, and under a trafflo contract will make good any
deficiency in earnings to meet interest on the new firsts up to 30 p. 0.
of Grand Trunk gross receipts from trattlo interchanged. The new 4
for $12,000,000, of which $7,000,000 exchanffed
p. c. mortgage is
for Consol. RR of Ver. 58, $4,000,000 to acquire branch lines and for
other purposes, leaving $1,000,000 in the treasury. V. 66, p. 708, 759.
See also V. 67, p. 273; V. 68, p. 1076.
Earnings.— The earns, of the old company, excluding Rutland RB.
and Ogdensburg
Lake Champlain [leases abandoned] were:
Year end.
Gross
N^et
Mr. Lit'le's Re7itals,
Balance,
June 30— earnings, earnings, deductions, taxes, etc,
sur. or def,
1896-97.. $3,70i,2J^3
$705,139
....
1895-96.. 3,493,580
1,006,018 $177,511
$858,593 def $30,886
O/^cer*.— Piesident, E. C. Smith, St. Albans; Clerk and Treasurer,
R. H. Ingrau Montreal.— V. t8, p. 617.
(V. 68, p. 129, 186, 230, 427, 570, 617, 822. 871, 97.= 1076.)
&
,
—
.
Centralla
&
Chester
RR.— Owns Chester, 111., to
m. and Sparta to Rosborough, 5
ra.; total,
96 m.
Salem,
Ou June
111.,
91
1897, O.
Foreman of Nashville, 111., was appointed receiver-see V. 64, p.
1137. Ou J une
1899, sale ordered on 40 days' notice V.68, p. 1179.
Receivers' certificates for $200,000 authorized In August, 1897, to
complete line from Evausville to Chester; additioual certificates for
$175,000 authorized in Dec, 1897; third issue of $50,000 in *faroh,
1898, and in Sept 1898, $75,000. Total issued, about «500.000-see V.
68, p. 1179. Stock, $918,000. Farmers' Loan &, Trust Co., trustee of
the mortgage. For year ending June 30, 1898, gross, $63.671 deficit under operating expenses, $30,213.
In 1896-97. gross. $55,395 deficit, $8,031.— V. 67, p. 735, 738; V. 68, p. 722, 771, 1179.
M
7,
•.?,
,
;
;
RR.—
Charleston Clendennlu
&. Sutton
Owns road, completed iu December, 1895, from Charleston, W. Va., via Clendennin to
Clay Court House. 51 miles, and uuder oonstruction via Clay Court
House to Sutton, 49 miles additional; in Dec. '97, graded 12 miles from
Clay C. H. Capital stock authorized, $3,000,000; par, $100 outstanding Oct 1898, $367,300. First mortgage is for $3,000,000.
Earnings.—Year ending June 30, 1898, gross, $57,436; net, $20,201;
int. on bonds. *75,000; balance, deficit, $54,779.
President, W. D. Stratton; Secretary and Treasurer, Pierre W.
Briggs, 100 Broadway, New York. V. 61, p. 1012.
;
,
Charleston
Savannah Ry.— Owns from opposite
Ac
Charleston,
8. C, to Central RR. at Savannah, Ga., 115 miles, aud branch 6 miles,
Operates from Ashley Junction to Charleston, S. C, and Cenall steel.
tral RR. of Georgia, crossing to S. F. &, W. Ry. at Southover, 11 miles.
Green Pond Walterboro & Branch villa Ry., 14 mUes, is controlled in
interest but operated separately. Belongs to Plant system. In
March, 1898, Walterboro <fe Western, Walterboro, S. C, to Ehrhardt,
S. C, 27 miles, was purchased in interest of system.
same
Interest—
)
On Ibl incomes % 5
1889.
m
26
'90,
'91.
'92.
'93.
'94.
400
'95.
'96.
'97.
6
5
4
Earnings.— 10 months, ) 1898 9
Gross, $533,991; net, $83,277
July 1 to April 30.
$1897-3
Gross,
516,100; net, 89,823
In 1897-8, gross, $637,170; net, $110,664. In year to June 30, 1897.
gross, $571,109; net, $154,254; other Income, $11,158; interest and
taxes. $l'i 6.498: balance, surplus, for year, $38,914. In 1895-6 gross,
$536,229; net. $106,699. In 1894-95, gross, $551,766; net, $112,483.
-(V. 64. p. 441; V. 66. p. 518.)
Charleston
Western Carolina Ry.—Port Royal, S. C, to
Augusta, ura., 112 m.,andSpartanb'g, Greenville and Ander3on,230m.
History.— A reorganization and cousolidation Oct. 3, 1896, of the
Port f\oyal & Augusta and Port Royal <fe Wi-stern Carolina, purchased
at foreclosure sale by Tuoiuas & Ryan, who sold the entire capital stock
and large portion of its issue of income bonds to Atlantic Coast Line
in December, 1897. V. 66, p. 38, 335.
Stock.—$1,200,000; par, $100. A full statement as to Augusta Ry.
&
Terminal Co. aud its bonds was in V. 66, p. 383.
Ear.vings.- For year euaiug June 30, 1893, gross, $317,'J37 net,
after deducting taxes, $186,319; interest. *136,000; lease of Aug.
Term., $36,060; surplus, $14,259. President, J. B. Cleveland, SpartanbuTjt, S. C; Secretary, J. J. Nelligan, Baltimore, Md. (V. 66, p. 953.)
;
Chartlers Ry.— Owns from Mansfield, Pa., to Washington. Pa.. 23 m .
Leased till 1971 to the Pittsburg Cincinnati & St. Louis (now Pittsburg Cincinnati Chicago & St. Louis); the rental is net earnings.
Capital stock. $645,300 (par $50), of which the Pennsylvania Railroad owns $333,850. Dividends since 188f^: In 1887, 1888 and 1889.
5 per cent; in 1890, 5^\ in 1891, T^; in 1892, 8; iu 1893, 10; in
1894. 10; in 1895, 8; in 1896, 9; in 1897, 10 p. c; in 1898, 10 p. c; in
1899, April, 3 H. p. c
July
IS^S.]
RAILROAD STOCKS AND BONDS.
—
—
;
.
;
mVESTOKS' SUPPLEMENT.
48
[Vol. LXIX.
confer a great favor by glvlns Immediate notice of any error discovered In these Tables.
Bonds— PrlnolINTEREST OR DIVIDENDS.
RAILROADS.
MUes n5i.t.A size or
Due.
Amount Rate per When Where Payable, and bv pal,When
Par
of
of
Stocks— l,aat
Per explanation of ooluiun headings, &o., see notes
Outstanding
Sabacrlbers
on
*vlll
first paste
Road. Bonds Value.
of tables.
Ohalraugay K'u—lat M., puar. p. & 1. D.& H. Canal
Chad. Rome ct South frii—RoiHe & Car'lton l8tM.,K
c*
C. R. & S. 1st mortgage, $!,300,000, gold IT
Ohatlanooga Southern— Stoc^ ($750,000 Is i>ref.)...
39
19
138
....
89
89
Ist mortgaire, gold
Income mortgage, non-cumulative, $750,000
I!rafh-m
Ohesa/ieaK-e
30
M., $1,000,000, gold.Co.C*
Ohejinvenke Ji' Ohio — fltoob
Mortgage 68, gold, series "A"
See text
o*
5
503
1st mort.,of 1911, Penin. Ext., gold. See text.o- I 75
8
Ter') Ist m.,1922, covering 8 m., to PhoeV)U8.g.c*
655
l8t consol. mortgage for $30,000,000, gold c'&r
256
Rich. & All Dlv. Ist consol. M., gold. See text.O"
2d cons. M., Riclim. via. Lvnclib'g to Clifton F. 256
26
o'
Craig Valley branch 1st mortgage, gold
22
Warm Springs Branch 1st mortgage, gold
c*
General mortgage (for $70,000,000, etc.) gold..o* 1,174
109
Eliza. Lex. & Big Sandy Ist ra..g., guar. p.<fci..c*
.
,
1887
1885 $100&C.
1,000
1897
100
1895
1895
1,000
1898
100
1878
1,000
1,000
1881
1882 500 &c.
1889
1,000
1,000
1890
1,000
1890
1,000
1890
1,000
1890
1802
1,000
1,000
1872
Cent.
$200,000
150,000
319,000
3,000,000
none issued.
none issued. 5
6
6g5g.
If
M. deb. red. at par, gn.. p. &
& New River RR. 1st mortgage
Manchester cltv & imp. bonds (88,^45,200)
Lo.&Jefl.Bdg.lstM.,$5,000.000,iJru.p.&l.,end.1T.*C
Norf. Term'l & Trans. Ist M., $500,000. gu. p.&i.
C.
&
O. SS. l8t
.•->
1888
1888
1893
1,000
1,000
....
....
1,000
1
Greenbrier
1895
1898
....
Chesapeake Ohio <t Southiresleni—SEn Illinois Ce NTEAL
Ohesaneake it We.<tler)i — Stock $()60.000
27 1896
Ist mortgage, gold ($25,000 per mile) Co
830,000
315,000
a£ 110,000
370,000
81,200
£100
1,000
1,000
Plattsburg. N. Y.
J.
A.
J. July, '92, coup, last pd.
J. N. Y., Union Trust Co.
Aug.
Jan.
July
J. N. Y., J.
& 8.
4g. A. & O.
4
Oct. 1.
5 g. J. & J.
5
F. & A.
&8
4g- M. & 8.
5
5
k.
M.
500,000
5
F.
&
A.
606,075
660.000
5g.
F.
&
A.
1907
1916
1947
1.
1,
1,
New York.
J.
1925
1925
Kennedy Tod, July 1, 1923
A.&'O. N.Y.,J.P.Morgan&Co. July
do
do
Jan.
6g. A. & O.
J.
& D.
do
do
June
6g.
M.
&
N.
do
May
do
5g.
4g. J. & J.
do
do
Jan.
do
Jan.
4g. J. & J.
do
do
do
July
5g. J. & J.
do
5 g. M. & 8.
do
Mch.
do
do
Mch.
41a g. M. & 8.
113,000,000
100
500 &c.
&
&
&
&
&
F.
J.
J.
Dividend.
1,
1,
1908
1911
1923
1939
1989
1989
1940
1941
1992
1902
1,
1.
1,
1,
1938
1988
1909
1942
Feb.
1,
1,
1945
1948
Aug.
1,
1945
"e'g.
Gdarantked Bonds.
Elevator Co. Ist M., gold.p. &1. guar, by C. & O.o*
2d mortgage, for $500,000, income, non-cum.o*
Whom.
5 g. J.
earn.
5g.
(?)
60,547,400
2,013,354
2,000,000
142,000
1 25,858,000
6,000,000
1,000,000
650,000
400.000
24,050,000
3,007.000
Payable
do
do
Moh.
do
do
Oct.
Oct.
London.
Jan.
Richmond.
Aug.
N.Y., J.P.
Morgan & Co. Mch.
Contin. Trust, N. Y.
1,
1,
1,
1,
1,
1,
1,
1,
1
H Guaranteed jolntlv and severally with Clev. Cin. Chlo. & St. L.
the outstanding issue of which was thereby increa sed to $25,85 8.000.
RR.—
Cbateangay
Operates narrow-gauge road from Plattsburg,
N. Y., on the Delaware & Hudson, to Saranac Lake, in the Adirondack
Mountains, 73 miles. Of this it owns from Dannemora to Lyon Mt.,
18 miles, and leases the Chateaugay Railway, Lyon Mt. to Saranao
Lake, 39 miles, and the Plattsburg & Dannemora RR. (so-called),
Plattsburg to Dannemora, 16 m. The latter road is leased from the State
of N. Y. for one dollar and the free transportation of freight to the
State's Prison at Dannemora. The Chateaugay Railway Is leased for
Interest on its bonds, which are guaranteed principal and interest by
the Delaware & Hudson Canal Co.
Built in interest of an ironmining company and to carry summer travel to the Adirondacks. In
January, 1897, "the Saranao & Lake Placid, 10 miles, was leased for 17
years Jointly with the Chateaugay Ore & Iron Co. Stock, $75,000 (par
$100) loans and bills payable June 30, 1897. $73,048.
;
Earnings.—In year ending June 30, '97, gross, $108,770; deficit under
operating expenses, $8,759 rentals and taxes, $15,999 balance,
deficit for year, $24,757. In 1895-96, gross. $96,474
deficit under
;
;
;
operating, $11,287.— V. 64, p. 182.
Cnattanooga
Rome &
RR.—
Owns road Carroll ton,
Sontbern
to Chattanooga, Tenn.. 138 miles. In June, 1899, extension from (iarrollton to West Point south 25 miles was reported to
be proposed. Successor Sept. 12, 1897, to (Chattanooga Rome & Columbus, which was sold in foreclosure Jan. 13, 1897.
Ga., via
Rome,
Stock and Bonds.—Capital stock is $1,600,000 non-cum. 5 p. c. pref,
common. First mortgage is for $500,000, and it
stock and $1 ,600,000
provided that bonds be reserved to retire'Rome & CarroUton let Os
In case an agreement can be made. V. 64, p. 753. In March, 1898, suits
to foreclose the R. & C. mortgage were begun and C. B. Wilburn, President of the C. R. & S., was appointed Receiver of the 19 miles of R. & C.
In July, 1899, decree not yet entered.
la
Dividends.- On preferred, 3 p. o. paid Jan. 17, 1899.
Earnings.- From Sept. 12, 1897. to June 30. 1898, gross, $268,992
net, $100,842; total deduction8,)$23,746; surplu", $77,096. Year end.
June 30. 1897, gross, $220,990; net, $30,892.— (V. 66. p. 478.
Cbattanooga Sontbern
RR.—
Owns road, completed in June,
1891, from Tennessee State line to Gadsden, Ala., 87 miles; Round Mt.
branch, 3 miles trackage to Chattanooga, 5 miles
sidings and
spurs. 10 miles total of all track, 105 miles. Successor to Chatta
nooga Southern Ry., sold in foreclosure Feb. 14, 1895; plan in V. 61,
p. 830, but in January, 1899, the new securities had not been issued.
The new Ists were to be $5,000 per mile on present mileage and ^10,000 on extensions. The old bondholders were to subscribe for new
bonds at par to amount of 25 p. c. of their holdings.- V. 63, p. 401.
Earnings.- In year ending 1897-98, gross, $70,665; def. under oper.
expenses, $8,553. Seo'y, E. C. Osborn, 31 Nassau St. (V. 63, p. 823.)
;
;
;
Cherry Valley Sharon
ic
Albany RR,— Owns
Valley to Cobleskfll, N. Y., 21 miles.
$300,000
from Cherry
Stock, $289,100; par, $50.
The
due June 15, 1899, were redeemed at maturity by the Del.
which held a majority. (V. 69, p. 26.)
7s,
A Hud. Co.,
Chesapeake Beach Railway.—To extend from Deanwood, D.
C, to Chesapeake Bay, 30 miles. In June, 1899, Deanwood to Edgewater, Md., operated, and remaining 13 miles under construction.
Stock. $1,000,000, authorized; outstanding, $660,000; par, $100.
Bonds cannot be called. President, Otto Mears; Vice-President and
Treas., John L. McNeil; Sec Fred'k D MoKenney. Office. 1420 New
York Ave., Wash., D.
V. 67, p. 788.
C—
,
Chesapeake &. «»hlo Ry.— cSee Jf«p.;— Operates from Newport
lews Va., and Washington, D. C, to Cincinnati, Ohio, with branches.
News
—
Lines owned in fee
Miles,
Old Point Comfort and Newport Newfl via Charlottesville to Ashland, Ky
519
Richmond via Lynchburg to
Cnifton Forge, Va
232
Buckingham Br.(acqu. in '97)
21
Lines
by stock, etc. Miles.
Bridge— Covington, Ky., to
Cincinnati, Ohio
2
Elizabethtown Lexington &
Big Handy RR
103
Sundry branches
224
coiitr'd
Trackage to Washington
85
Linen controlled by slock, etc.
Leased
30
Maysville <k Big Sandv RR.
Ashland, Ky., to Covington, 144
Total system
1,360
Second track
82 Tracfcafire to Louisville
84
Of the above mileage 19mUes is narrow-gauge road. Of the leased"
miles
is
21
on E. L. & B. S. and 9 miles on Washington lino.
History, <kc.— The former Chesapeake <fe Ohio was sold in foreclosure April 2, 1878, and this company organized. In 1888, under
the direction of Drexel, Morgan & Co., reorganized without foreclosure,
and the road extended to Cinclniiati. The consolidation with the Richmond & Alleghany was consummated in January, 1890. The Elizabethown Lexington & Big Sandy and other roads were absorbed in 1892
In September, 1893, the Chesapeake & Ohio Steamship Co., controlled
by this company, began operations. See below and V. 55, p. 1078.
^^'^^ •« $60,498,100; Increased from
d,/l*X.'J.M;xA^"*;^~r°™'"",°
$45,000,000 to this figure since 1892 through exchange of practically
all the $25,000,000 of preferred stocks for common stock and
general
mortgage 4Hj per cents in certain proportions. Pirst preferred for
—
;t
The $2,287 ,000 6s d ue July
ly at pa
a £10,000 ca Ued year
1,
1898, were refunded into consol.Ss,
r.
$23,300 and second preferred for $26,000 only was outstanding July
1, 1898.
See terms "of exchange in V. 54, p. 642,
Bonds.—The seHes A bonds of 1878 cover, subject to the purchase
money
6s. the
main
from Richmond, Va., via Charlottesville to
line
Ashland, Ky., 428 miles, and are equally secured with the Peninsular
Extension 6s by first mortgage on extension to Newport News, 75 miles.
The consolidated mortgage due in 1939 is for $30,000,000 (trustee.
Central Trust Company), and suJHoient bonds are reserved to
provide for prior liens. This mortgage is also secured by deposit In
trust of the .$11,000,000 bonds and two-thirds of the stock of the Maysville & Big Sandy RR., [on road Ashland to Covington, Ky.], and of the
Bridge to Cincinnati, all owned by Ches. & O. (Abstract, V. 49, v. 147,1
Richmond <* Allegheny Division bonds cover the low-grade freight
route from Richmond via Lynchburg to Clifton Forge and branches.
(Mort. abstracts, V. 51, p. 144.)
ThQ general mortgage of 1892 (Central Trust Co. and H. T. Wickham
trustees) is for $70,000,000, but additional amounts at $25,000 per mile
may be issued for double-tracking. Of the $70,000,000 as above,
$32,691,000 bonds were reserved to provide for the $30,000,000 consols of 1889, issued or to be issued, etc. The balance unissued may be
sold for new acquisitions, rolling stock, etc., but not more tha>n
$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. 54, p. 644 also V. 54, p. 642
V. 55, p. 335. In March, 1899,
$24,050,000 had been listed on New York Stock Exchange.
The Elizabetht'n Lexington <6 Big /Sand!/ first mortgage bonds. Interest
on which has been reduced to 5 per cent, have been endorsed with the
C. & O. guaranty of principal and interest, and general mortgage bonds
have been set aside to retire them at maturity.
The Louisville <£ Jeffersonville Bridge bonds, of which $3,000,000
are outstanding, are guaranteed Jointly and severally by the Chesapeake & Ohio andCleveland Cincinnati Chicago & St. Louis; any deficit
on account of the bridge is payable by them
the proportion of onethird and two-thirds respectively— see V. 60, p. 130; V. 61, p. 327,
559; V. 62, p. 84 and separate statement for L. & J. Bridge Co.
Operations, Finajjces, <fec.— Since the reorganization In 1888, when
the control of the company was placed for five years in the hands of
trustees, the property has been greatly enlargea and improved. This
is one of the so-called Morgan- Vanderbllt lines.
The Interest charges for the fiscal year 1898-99 are estimated at $3,130,121, against $3,148,172 In 1897-98. V. 67, p. 322. In Jan., 1898.
$1,590,000 4^8 were sold at a price sufficient to pay off all loans and
accounts and provide a cash surplus for working capital.
The steamship line was formally opened Sept. 7. 1893, and owns
six new steamers, using the railroad wharves at Newport News.
Earnings.— 11 months, ) 1898-9. Gross, $10,923,864; net, $3,540,307
July 1 to May 31.
5 1897-8. Gross,
10,787,579; net, 3,472,437
For six months ending Dec. 31, 1898, net, $2,176,681, against $2,033,016 in 1897; interest on bonds, $1,564,583; sur.. $612,098,
against $460,853.
ANnnAL Report.— Fiscal year ends June 30. Annual meeting Is
held at Richmond on the Tuesday preceding the last Tuesday In
October. Report for 1897-98 was given in full in V. 67, p. 3i5, 321,
and showed the following. See also editorial p. 294.
Tra^c.-Of the total tonnage (7,806,914) in the year 1897-98, coal
and coke furnished 4,062,393 tons, or 52 per cent of the whole
products of agriculture furnished 15 per cent. The average rate received on seaboard coal was only 2-59 mills per ton per mile on all
freight, 3-70 mills. Average train load, 225 tons in 1890, 352 in 1896-7
and 379 in 1897-8.
1897.
1896.
Tear ending June 30
1898.
1,360
Miles operated
1,360
1,360
Passenger earnings
$1,857,898
$1,949,790
$1,954,864
Freight
8,389,374
7,810,598
9,262,998
Express, mail and miscel.
460,911
460,743
570,695
;
;
m
;
Total earnings
$11,788,5.57
Oper. expenses and taxes.
7,982,307
Per
ct.
expenses to earns..
Net earnings
Other income
$10,708,183
7,286,769
(68)
(68)
$10,221,131
6,963,153
(
68)
$3,806,250
83,628
$3,421,414
79,326
$3,257,978
23,547
Total and net income. $3,889,878
Interest on bonds, &o....
3,271,368
$3,500,740
3,198,198
$3,281,525
3,134,185
$302,542
$147,340
Balance, surplus
— (V. 66 p. 38, 133, 234;
$618,510
315, 321 Y. 68, p. 230, 281.)
Clie!«apeake Ohio &. Southnrestern.—See Illinois Central.
CbcNapeake &. 'Western RR.— Owns road from EUrton
V. 67, p.
;
to
Bridgewater, Va., 26'67 miles; trackage, Norfolk &, Western to Elkton
Junction, 0'33 mile. Road opened in April, 1896. Projected to tide-
July,
1899.J
KAIL ROAD STOCKS
AND BONDS.
ill>
—
—
.
.
INVESTORS' SUPPLEMENT.
30
fVoL. LXIX.
Sabacrtbers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— Prlncf
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation of column taeadinf^s,
on tiret page of tables.
!
^^^unt
'outstanding
R^id.lBo"^dJvafue.
,
.
Rate per
$800,000
1897 $1,000
50
120,650
100 18,751,100 7
100
3,479,500 7
NoneJ'ly'99
1899
I
£200
1873
1878
1877
1,000
1,000
100
100
100
.
.
M
Size or
j
.FP..C
Chester Vo. Oent.—lat M., $800,000 c...
Chestnut Hill rfR.— Stock, rental P. & R Ry.
Chicago Jt ^ffon— Common stock
Preferred stock (7 percent vearly not cumulative)
KefundincM. currency, if 40,000,000 etc.ItJ
Underlying Skcurities, Etc.
Gen. M., JoUet to E. St. Louis & br., sterling... c* 322
162
8.f.bond8(K.C.8t.L.&C.lstM.col.),gold,notdr'n.c*
Miss. Rlv. Br., Ist M., g., ass'd. s. f.,dr'n at 100 o*
i*62
Kansas City St. L. & C. pref stock, guaranteed
37
JoUet <fe Chic, 7 p.c. stock, perpet.,gu ir. by C.&A.
101
Louisiana <fe Mo., guaranteed preferred stock
101
1st mort. (guar. p. <fe i. an<l later assumed)
101
2d mort. (guar. p. & 1. and later assumed)
Oh Burl. <t \o.—) .«t
336
to be pd. Oot.l,'9S),at 105.C*
Chicago Burlington & (}«i>icj/— Stock, see text.
Con.M.cov'ngCli. Term. (now 1st lien) eeetext.c* 759
Illinri.s Division mortgage, $'»5.000,000.NB ... 1,640
285
Sink, fund bonds (1st M. as coll.) not dr'n.c'&r
Cb. Burl. <feQ. Iowa Div., s. f 58, drawn at 105.. >
Iowa Div., 8. t. mortgage 48, drawn at 100. c&r s
Sink, fund 4s (So. W. Div.) drawn at 100.... c&r*
Denver exten. (ooUat. tr.) b'ds, s.f. dr'n at lOO.c* 415
Debentures for Han. & St. Joseph stock
c*
.
Date
&o., see nctes
1,000
1870
1,000
1877
1885 500 &o.
100
1.000
1873
1999 lOOOJtc,
1,000
1876
<1879 1,000
U879
1,000
1,000
1,000
1,000
1881
1881
1883
IT
T[
1,379,850
1,695,000
491,000
1,750,000
1,500,000
329,000
5
6
pal. When
&
J.
g,
J.
Q.-M.
1898 y.— M.
1898 Q.-M.
3g.
A.
J.
if: M.
A.
I'
Stocks
Whom.
Dividend.
Fid.,I.T.&S.D.Co.,Phila July 1. 1947
June,'99, 1»2%
5N.Y.,Cuyler,Morg'n) Mar.l'99,1%%
\
&Co
<feChic.Tr. Office
\
&
O.
&
&
&
J. Lond'n, J. S. Morgan&Co.
N. N. Y., Cuyler.Morg.&Co.
New York.
do
do
O.
.-F.
7
7
7
TI 1.785,000
7
H 300.000
8,053,500
5
* 93,754,800 6 in 1899
28,924,000
7
16,166,000
a2,315.000
5
b2,818,000
5
c9,050.000
4
d4,300.O00
4
67,968.000
4
9,000,000
5
Dn«.
— Last
Payable, and by
Payable
Cent.
In
in
When Where
Mar.1'99,1%%
Oct. 1, 1949
July
do
do
Trust Co.
May
1,
1,
Oct.
1.
1903
1903
1912
Aug.l'99,li2%
N. Y., U. S.
Jiily,'99, 1%%
F."& A. N. Y., Cuyler,
& Co. Aug., '99, 313%
F. & A.
do
do
Aug. 1, 1900
M. & N.
do
do
Nov. 1, 190n
A. & O. N. Y. F. L. &T. Co. & Bost. Oct. 1, 1899
Q.-M. N. Y., Boston and Chlo. JuneI5,'99,lia
J. & J. N Y., Bk.of Com. & Bost. JiUy 1, 1903
M
,
J.
A.
A.
A.
M.
F.
M.
&
&
&.
&
&
&
&
J
O.
O.
O.
8.
A,
N.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July
Oct.
Oct.
Oct.
Sept.
Feb.
May
1, 1949
1, 19(;i
1, 1919
1, 1919
1, 1921
1, 1922
1, 1913
a Is.sue $2,500,000; redeemed by sinking lund and canceled ,$185,0 00; sinking f und asse ts, $1,89 2,400. b, $182,000, and c. .$3,452,000
canceled not included, d, $1,150,000, and e,$2,28 2.700, are in sinking fu .d uncanc eled and are here Included, f, all in C. B & Q. treasury
or siukinsr funds. g, All in C. B. & Q treisury.
$4,041,500 addition a after Sep t 20, 189 9. H To be retired by refundin g mortgage.—
V. 69, p. 178.
Of the outstandlrg stock. $>32.800 is
preferred. Year ending June 30, 1898, gross, $23,427; net after deducting taxes. $614; no interest paid, bonds being
held by construction company. (General office, 30 Broad St., N. Y.
water on (Chesapeake Bay.
oommoB; $73,275
Chestnut Hill
KR.— Owns
from Germantown to Chestnut
Hill,
Re-leased in 1896 to Phila. & Reading Ry., the rental
being reduced from 12 per cent to 6 per cent on stock.
Pa., 4 miles.
Cbleago
Kansas
&
Alton
RR.—
(.S'ee
Map -Road— Chicago
)
to St. Louis,
Cltv, etc., in all 843 miles. of which 110 double tracked.
Lines Otoiect—
Miles.
Miles.
Lines Leased
Joliet to East St. Louis
244 Joliet & ChicagoD wight to Wash, and Lacon... 80 Chicago to Joliet
37
St. L. Jack. & ('hie. Division
Louisiana &. Missouri Riv.—
Blooraingion to Godfrey
101
Louisiana to CedarCity
150
Rood house to Quincv June
37 Kan. City St. L. A Chicago
Joliet to Coal City, etc
162
Mexico to Kans is (Tity
25
Other lines
6 Mississippi River Bridge
l^a
—
Total of
owned and
843
leased (70 lb. steel)
HiSTOEY.— Succeeded to the property in October. 1862. In 18S4
consolidated with the St. Louis Jacksonville & Chicago RR. In April,
1899, the road was purchased by the Harriman syndicate, as below
stated, and, it is understood, will be operated in the joint interest
of several of the leading trunk lines, Uuion Pacific, etc.
Stock.-The preferred stock has prior right to a non-oumulatlve dividend not exceeding 7 per cent from net earnings and (after
payment of 7 on common) also shares with common In any surplus.
Dividends.— Pr. ct. ) 1881 1882 '83 '84 '85to'96iicl. '97 '98.
common and pref
8
8
8
10
714
8 per an.
5
7
1899, Mar., 1^ p. c; June, dividends were pas=!ed. V. 68, p. 1224.
Leased Lines.—The Kansas Oily SI. Louis & Ohicatio is leased in perpetuity from Nov. 1, 1877, at rental of 35 per cent of gioss earnings.
Its bonds are held by the U. S. Trust Co. as security for Alton bonds
of 1878. These have a sinkingfund (in 1896) of $132,,690 perannum.
Common stock, $271,800, of which $157,600 owned by C. 4 A.
The Joliet <t Chicago is leased from January 1 1 864, for the term of its
Charter, and forms part of the main line. Rental, 7 per cent on 8took.
The Louisiana <£ Missouri River RR. was leased in perpetuity. Aug.
Under the agreement of Nov. 13, 1894, the Altoa assumed to
1, 1870.
pay, in lieu of rentals, all interest 01 th<< .rtrs< and sfco/id mortgage
bonds and their priocip il when due, also 7 p. c per annum on the guarant6"dprere recl-<tock, andalsoto purchase the L. & W.R. unguaranteed
preferred at $29 50 per share a-id the ominon at $10 per sliare. V.
59, p. 1057. U.igu iranteed preferred stock is $1,010,000 and common
$2,312,700, neither of which have ever paid dividends. In Eec, 1898,
all l>ut 21:7 shares of unguaranteed preferred and 445 shares of
com
mon stock had been purchased by Chicago <fc Alton.
In 1 877 leased in perpetuity of the Mississippi River Bridge at 7 p. c.
on $300,000 stock (all owneil by C. & A.) and 6 p.o. on bond*, and in
1895 took quit-claim deed of the property. V. 59, p. 423; V. 61, p. J24.
General Finances.— In Apr., 1899, a syndicate composed of Geo
Gould, J. H. Schiff. E. H. Harriman and James Stlllman had acquired
over 95 percent of the preferred and commonstocks. paying therefor
$200 and $1 5 per share respectively. V. 68, p. 230, 281 379 4'^7
523.670. See official circular in V. 68, p. 281. The syndicate inMav'
1899, also acquired control of the St. Louis Peoria <fe Northern (S't
Louis & Nortiiern Short L"ne),thus removing the danger or anew
parallel line between Chicago & St. Louis. V. 68, p, 1022. See also
p. 122.'i. Of the Short Line, it is expected the portion from Springfield
to Peoria, h3 miles, will be merged in the Alton system, which also
assumed the lease of the Chicago Terminal Transfer terminal facilitiesi
at Cliicago under a modified rental.
V. 69, p. 26; V. 68, p. 1022 1225
The stockliolders will vote Sept. 7, 1399, to authorize a mortgage to
the Illinois Trust <fe Savings
as trustee, securing $40,000,000
50-year 3 per cent gold bonds, dated Oct. 1, 1899, to be used to refund
bonds marked '•' " above maturing during next four years, and also
provide fund for improvements and extensions, with power to issue
additionnl bonds under said mortgage by vote of three-quarters of
stockholders forextensions of not over 500 miles, main track at not
exceeding *2'>,0<i0 per mile, to fund leaded liue rental obligations and
for future betterments not to exceed $5,000,000 at nolover$l OOk
perannum from .Jan. 1, 1900. Stockholders were offered the rio-h'tOoO
to
sul.Kcrilteto July 31, 1899. for the $40,000,000 new bonds at the
rate
of $650 cash tor ea( h $1,> 00 face value. See official c rcular in
V 69 '
p. 178; also p. 26, 129.
all
,
Bmk
Annual Report.- Report
for
Tearfnding Dec.31—
Passengers
Freiglit
1898.
$2,011,911
3,8.'i3,384
Mall, express, etc...
420,774
Total gross earns... $6,286,569
$2,416,772
Net earnings
Other receipts
ToUl
receipts
246,292
$2,663,064
1898 was
in V. 68, p. 376, showing:
1897.
$1,961,398
4,309,681
402,527
1896.
$2,116,243
4,338.900
38.5,140
1895
$2,13411.55
4,289 909
378 421
$6,673,606 $6,810,283
$2,519,930 $2,801,737
233,483
234,257
$8,802,485
$2,819,492
241,525
$2,753,413
$3,061,017
$3,035,994
1898.
Rentals paid
1897.
1896.
Construct., equip., &c.
Interest on debt
$420,250
32,309
574,708
$439,776
36,488
585,665
Dividends
Miscellaneous
1,556,142
19,^85
1,611,718
Balance, surplus...
$60,070
$422,772
18,765
579,618
52,.378
47,940
587,959
1,778,448
169,401
1,778,448
24,506
$31,826
$17,333
*$236,908
'In addition $203,705 was paid for old claims. V. 69,
Oiilcaj^o Burllnofton Ac Northern BR.— On
merged in Chicago Burlington & Quincy RR.
Cblcaso Burlington
1895.
$430,475
& Quincy RR.—
r"
-Sec
p. 26,
May
129, 17 8
1,
1899.
Map.;— Road.— Ope-
rates a great system of roads exteu'^ing from Chicago westerly, reaching St. Paul and Minneapolis, Minn., St. Louis and Kansas City, Mo.,
Omaha. Neb., Denver, Col., Cheyenne, Wyo Black Hills, 8. D., and BUlings, Mont. The acoompanying map shows clearly the system.
Road owned, leased, etc.
Miles
ControWd and operated. \Mile8
Chicago to Denver, Col
1,046 Kan. C. St. J.
Conn. BluffsH—
Cliic. Burl. & Northern
371
Kan. C. to Coun. Bluffs, etc. 310
Branches and leased lines
St.LoulsK. &N.W.(allown'd) 225
practically owned (includChicago Burl. & Kan. City... 236
ing 8 43 miles leased lines
Hannibal & St. Joseph
^297
,
&
merged in May, 1899)
4,607
Usedjointly with other Co.'s. 207
Total system, stand, gauge.. t7.180
Narrow-gauge.
775
H Separately described.
t Less 119 m. already included.
Total system proper
6,231
Second track
2<py
ORGANIZATION, &c. This was a consolidation in July, 1375, of the
Chicago Burlington & Quincy in Illinois and the Burlington & Missouri
River in Iowa. In 1880 the Burlington & Missouri
Nebraska was
absorbed. The leased lines are practically owned and there is no charge
The
for rentals in the income account, except as interest on bonds.
Chicago Burlington & Northera and various other subsidiary lines
situated In Illinois were merged in C. B. & Q. in May, 1899. V. 68,
m
p.
975.
In June, 1 899, contraolis had been let for a portion of the extension
of the Burlington & Missouri River from Alliance, Neb., soutb about
160 miles to Brush. Col. V. 69. p. 26; V. 68, p. 975.
Extension was also proposed from O ikaloosa west about 15 miles to
the Des Moines & Albia division, neat Hardy, thus giving the com
pany a second line between Des Moines and Burlington. V. b8, p. 1224.
Lands.— Only 47,669 acres remained unsold June 30, 1898; land notes
outstanding, including interest payable, $239,465.
Capital Stock.-The stock has been increased for the acquisition
of new lines, and in 1880 a distribution of 20 per cent was made. From'
Jan. 1, 1898, to July, 1S99, $11,752,000 stoi;k was issued to retire an
equal amount of convertible debentures, making total stock $93,730,200, and leaving still outstanding $3,511,900 convertible bonds. In
April, 1899, $4,041,500 additional stock was offered for subscription
at par. This stock is entitled to dividends from Sept. 8, 1899, and
See "General
will increase the outstanding issue to $97,796,300.
Finances" below.
'99
Divs.— ) '81-87 '88 '89 '90 '91 '92 '93 '94 '95 '96 '97 '98
5 414 5 5 4% 4 4
4 5Jfl Incl.J'ne.a
Per cent. $ 8 yrlv 5 4
II4
p. c; Sept.,l^p. c.;Dec.,li3p.o.;.
In 1898, March, IM p.c; June,
in 1899, Mar., l^s p. c; June, l^a p. c.
Sinking Fonds. Included in the bonds outstanding in the table
above are sundry bonds of the company which are held alive and
drawing interest for account of the various sinking funds.
BoJiDS.— For full description of each loan see the editorial article on
pages 3 to 6of SOPPLKMENT of Oct., 1896, and Chronicle V. 63, p. 775.
Th3 mortgage of iSqg for ^8s. 000,000 secures honds dated July 1,
1899, ra vturinig July 1. 194v>, and to bear interest at not to exceed 5
percent. Such bonds as may be Issued b-iaring 3H2 per cent iaterest
will besubject to call at 105 per cent and accrued interest on any
coupon dav atcer thirty years. The issue is limited to $S5,000,000,
and the lien securing the bonds will become an absolute tirst mortgage,
covering all lines east of the Mississippi River (iu'-lu liug the Chicago
Burlington <fe Northern and other linns to be merged), upon the payment of $28,924 000 consolidated mortgage 7 per cent bonds due
July 1, 1903, and of $2,320,000 Chicago <fe Iowa Divi.sion 5 per cent
bonds due Feb. I, 1905. Sufficient of the new Itan is reserved to take
—
up these $31,244,000 bonds and an additional $16,166,000 were
issued in
1899 (with $4,041,500 stock; as below stated, to retire
etc.. binds, aggregating $13,787,.500 aud costing
$14,235,575 and to pav for improvements, etc. Th» remainder of the
loaw will be available for additions, etc.— See V. 68, p. 771.
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 122 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
ainking fund of II3 per cent ($203,800) yearly, for which the 4s are
iubiectto call at 100. 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 (of which Jan. 1,1897, tliere were 88
miles) may be Issued an additional $14,000 per mile. (V. 65, p. 462.)
Denver Ext. bonds can bo increased only for 2nd track at $10,000 p. iBv
Chlo. Burl.
& Nor.,
July.
1899.]
KAILKOAD STOCKS AND ^ONDS.
9-2
l]SrVESTOKS^
SUPPLEMENTc
[VOL.LX1X.
July,
KAILKOAD STOCKS AND BONDS.
1899.J
33
Subscrlbera will confer a sreat favor by sItIuk Immediate notice of any error discovered In tlieae Tables.
RAILROADS.
L,.,
Bonds— Prino'.'
INTEREST OP DIVIDENDS.
,
——
Miles ^
Dat«
Size, or
pal, When Duf.
Amount
of
of
Par
Per explanation of column headltiKe, &o., see notes
Rate per When Where Payable, and by Stocks— L.si»t
Road. Bonds Value. Outstanding
on first page of tables.
Cent.
Payable
Whom.
Dividend.
)—
titled
Ooiicl
rf
Qt(inci/—(
Burlinpton
Chicago
—
Nebraska ext., $20,000 p. m. (s. f., notilr'n).o*Ar 1,472
e*
121
CUicago & Iowa Uiv., colliit trust
c*
Convertible debentures (See remarks)
B.&Mo.RR. InNeb. K Laud grant, s. f., dr. at 100)
Con.M$14:000000 < Exempt, not dr'n till 1908 i
Burl. A Mo. RR. In Neb., s. f. for At.&Neb. RR.st'k.
Rep.Val., lstM.,gu.,(dr. at 100) s. f.,*14.000 y'ly.c
1st mortgage
o*
Atoh. & Neb., 1st M., At. to Lin., Neb., etc., guar.o"
2d mort. ou Atcli. & Neb. RR. (Ist M. on bridge)
Lino'uitN.W. RR.lstM. cuar.,s.f.l p.c.,notdr'n..
O. B. <t 0. Si/steiti—St. L. Keoktik d- N. W. Ist M...
OMc. <t East. Illinois—(jom. stock ($15,000 p. mile).
Pf. st'k, $10,000,000,6 p.c.nou-cum ($10,000 p.m.)
Ottawa Oswego
iV
Fox River,
o'
(s. f. $20,000, no drawings)
Danville & Grape Creek RR.— 1st M., assumed, .c*
o*
Extension, Ist mortgage
o*
Consol. mortgage (for $6,000,000), gold s. f
o*
Collateral trust bonds, sinking fund
Cleneral consol. and tlrst mort. $30,000,000.. c&r
Chio.&Ind.Coal— 1st M. $25,000 p. m., assumed.c*
Chicago d Ene— Stock (all held by Erie)
Ist M., gold, interest guar, till principal Is paid..c*
Income bonds for $10,000,00(5 5 p. o. non-cum...
Terminal 1st mortgage, gold
Chicago Fort Madison <C Des Moines— Isl mort.,gold
let mort.
585
90
67
145
"73
107
7
15
127
256
174
249
249
Income bonds
1887 l.OOO&c f26,110.000
4
M. A N.
1895
1,000
2,320,000
5
F. A A.
1890-2 100 &t3.
3,512,700
5
M. A 8.
1878 600 <feo. k8, 441. 000
6
J. A J.
n878 600 Ac. 5,000,000
6
J. A J.
1880
1,000 li3,347.000
4
J. A J.
1879 600 Ac. k 1,078,000
6
J. A J.
1870
1,000
1,076,000
J. A J.
8
1878 100 &o.
1,125,000
M. A 8.
7
1887
See text.
6
J. A D.
1880
i.odo
600,000
7
J. A J.
1890
See text.
F. A A.
6
"ido
6,197,800 31a In '99 J. A J.
100
5,830,700 6 in 1899 Q.-J.
1877 100 Ac.
2,989,000
6
J. A D.
1880
1,000
119.000
M. A N.
6
1881
1,000
103,000
6
J. A D.
1884
1,000
2,788,000
6 g. A. A O.
1887
1,000
42,000
6g. F. A A.
1887 1,000&C 10,069,000
M. A N.
5
1886
1,000
4,626.000
5
J. A J.
100
100.000
" 5'g. m!"a"n.
1890
1,000
12.000,000
1890 l.OOO&o 10.000.000
Mostly owned
1888
300.000
5g. J. A J.
1891
1,000
1.313.000
6g. J. & J.
74,750
S
N.Y., Bk.of Com. A Boat.
do
do
do
do
May
Feb.
1,
1,
Sept.
1,
1927
1905
1903
1918
1918
1910
1919
1900
1908
1927
1910
1930
Boston, Bk. of Com'rce. July 1,
do
do
July 1,
do
do
Jan. 1.
Boston, Bk. of Com'rce. July 1,
N. Y., F.L.AT.C0. A Bost. July 1,
Boston, Bk. of Com'rce. Moh. 1,
Boston.
Deo. 1,
Boston, Co.'s Ollice.
Jan. 1.
Boston. C. B. A C^. ollice Feb. 1.
New York.
July 2 '99. 2%
N.Y., Hanover Nat. R'k Julyl'99,lia%
N.Y.,4thNat.Bk.ABoHt, Deo. 1, 1907
Boston. Globe Nat. Bk, May 1, 1920
N.Y.. Fourth Nat. Bank, Dec. 1, 1931
N. Y., Central Tr.A Bos, Oct. 1, 1934
N. Y., Central Trust Co. Feb. 1, 1912
do
do
Nov. 1, 1937
N. Y., Met. Trust Co.
Jan. 1, 1936
New
May
York, Erie RR.
1982
1983
July, 1918
1911
by Erie HR.
New
1,
1,
Oct.
York, Erie RR.
The Chicago Burlington A Quinoy sinking funds for the several loans respectively held alive June 30, 1898, of the bonds civen above a
Of s. $4,583,000 July 1, 1898 b, $1,924,000; k, $327,000. Also canceled bonds not included above, f. $3,331,000, July, '98.
outstanding
:
The
;
collateral trust N^ebraska exteiuiion
bonds of 1887 (New England
Trust Co.. of Mass.. trustee) are Issued at $20,000 per mile forsuale
and $10,000 per mile for second track on not exceeding 1,500 miles.
A bat rati of deed V. 45. p. 441.
Burlini/ton <£ Missouri RR. in Xebraska consol. mortgage of 1878 is for
$14,000,000, and is now a 1st M. or 1st ooUaterul lieuT all except the
$5,000,000 of exempt bonds are subject to call for the sinking fund at
par, $231,200 having been retired in 1890. The "exempt" bonds may
be caUed after 1908.
The 5 ptr cent debentures of 1890-92 are convertible $ for $ Into stock
any time prior to Deo. 1.1902, except when books are closed. .$11,688.100 had been thus converted up to May 5, 1899. V. 67, p. 842. dee
terms of conversion on page 5 of the Supplement for Oct.. 1896.
Many of the bonds are redeemable (may be drawn) before maturity at
various prices, plus accrued interest, as stated in the table above.
General Finances. The Chicago Burlington A Quinoy Railroad
baa been one of the most profitable in the country, as its numerous
branches tributary to the main line were built into choice agricultural
territory. Corn, however, being one of the principal articles carried
by it. its earnings vary greatly according to the size of the croji.
In March. 1899. a controlling interest in the Keokuk A Western
RR. (which see) had been acquired, settlement to be made about May 1
In April, 1899, stockholders of record May 5 were offered the right
to subscribe pro rata till May 31 for $16,166,000 new 3ifl prr cent
bonds at 75, and $4,041,500 capital stock at par, in blocks of * 1.000
bonds and $250 stock, for which $1,000 is to be paid, $500 on June 8
and $500 on Sept. 8. This issue of 3^ per cent bonds is limited to
*85.000,0OO, as above stated, and Is designed to retire eventually the
bonded indebtedness of all tbe lines east of the Mississippi River.
The lien will become an absolute first mortgage on paymeut of the
consol. 7s and ihe Chicago A Iowa division 5s. The piesent issue is
made to take up the bonds of Chicago Burlington A Northern RR. and
$1,071,000 Ottawa Oswego & Fox River Valley bonds, amounting in
all to $13,787,500, at a cost of $14,235,575. The balance is to be used
for improvements. Interest ou the new bonds begins July 1,1899.
See circular V. 668, p. 771. The C. B. A N. was merged in May, 1899.
'The company's sinking funds have received to June 30, 1898 over
With this money about $8,000,000 of the company's
$18,000,000.
bonds have been canceled, while the remainder of the cash not so used
has been invested for the benetlt of the several sinking fund loans
In bonds that are held alive drawing interest and are therefore
Included in the company's outstanding debt. In 1897-8 the aggregate
sinking fund income was $1,344,382. of which $778,612 is the amount
carried direct to the sinking fund and the balance appears in the accounts merely as part intere.st on funded debt.
Debentures aggregatlng$31,9 0,900 have been issued; of this amount
$9,000,000 was' used to purchase the Hannibal A St. Joseph, from
which a ^ood income is received, while $7,647,000 was used to buy
other 8t«cks and .$15,263,900 for improvements, etc.
As unencumbered assets, on the other hand, the company owns
besides the $14,244,900 Hannibal A St. Joseph stock above mentioned, a large amount of stocks and bonds, a list of the same being
in V. 63 on pages 778 and 877. The road owned unbonded and the
roads wliose bonds are all owned were in 1898, as follow?
—
\
:
Miles.
NortherlT Kitenaion, Alliance. Neb., to Billings, Mont., and branches
821
Keokuk 4 .\. W. (all Its 1 1
bonds and stock owned and unplediced Keokuk. la., to St. Louis. Mo. (Net earnings in 1894-95, $691, 028i.. 220
Other lines of moderate eaminK capacity (Cb. Burl. & K. C, etc.) securities
5. ".W3,800
St. I>i)nls
all owned and unpledged
477
covering fully the above points was In V. 63. p. 775.
Latest f;ARNiNG8.— From July 1 to May 31 (11 months) earnings,
including lines controlled, were
Gross.
Ifet.
11 moixlhs.
Balance.
Oharffes.
1898-9
$39,627,600 $15,5.'J2,02.".
$9,515,000
$6,017,025
l.S.628.491
.iO.C>07,-ill
1897 8
9.571,722
6.053,772
AN^iUAL Rki'ort.— Fiscal year ends June 30. Report for 1897-98 was
In the C'HKoNici.K, V. 67, p. 780, 8.39, 851 (see also editorial, p. 823),
showing operations, including results of the C. B. AN.,etc.
or nearly
article
all
An
:
1897-98.
$-12,800,162
Gross earninis
Expenses and taxes
Net
Proportion of expenses to gross earnings
Other income (approx in 1896-7)
Total Income...;
Interest, rentals, etc. (approx. in 1896-7)
l>"96-97.
27,810,886
$35,526,186
22,661,769
$14,989,276
$12,864,417
(64''e)
534,161
$15,523,437
9,440,645
(6345)
b83.429
$13,217,846
9.440.000
Lines owned in fee.
Dolton to Altamont.
Miles.
$6,082,792
(4
Balance
Renewal fund
12%)3, 690.126
$2.:->92.666
$3,807,846
$527.73
1,000,000
$l\27.734
$1,392,666
68, p. 186, 379. B70, 771, 975, 1023. 1074, 1224; V. 69. p. 'U;, 179.
&
sj/
Trackage, etc.
Otter Creek Juno, to Terre H..
6
Dolton to Chicago, Ch. AW. Ind. 17
Total operated June 30.
1898648
History, Leases. Ac— Reorganized under existing title in 1877.
In Nov.. 1887, consolidated with two other co's (V. 46. p. 135), and
on June 6, 1894, with Chicago A Indiana Coal RR.
V. 58, p. 987;
Also owns control of Evausville Terre Haute A
Chicago RR. and $1,000,000 stock of the Chicago A Western Indiana
which see, having all the local traffic of the latter road from Dolton
into Chicago. In .January, 1890, a ten-year tratflc contract was made
with the Evansville A Terre Haute for the operation of a through line
between Chicago and Evansville. (V. 55, p. 995.) In March, 1897, the
Chicago Paducah A Memphis, 100 miles, was purchased, and a connection from Shelby ville to Altamont, 25 miles, built. (V. 64, p. 516.)
On Jan. 30. 1899. the Eastern Illinois A Mi.s.souri River RR. was
incorporated as an extension of the dt. Elm Division from .Marion,
111., to Cape Girardeau, about 50 miles, to connect with the St. Louis
Southwestern and aUo with the Mobile A Ohio. V.68,p231. On June
7, 1899, the st<.ckholders voted to purchase the property. V. 63, p 771.
In July, 1899, track-laying was reported in progress.
Capital Stock.— The common stock ($15,000,000 authorized) is entitled to all surplus after 6 per cent on the preferred stock. In addition
to the amounts outstanding in the table, .$3,991,500 common and $628,also V. 48, p. 334.
>
900 preferred were held
Dividends— {1888
In the company's treasury June 30, 1898.
'89
'90
'91
'92 to July '99, inol.
pref., o. c. I 7^
6
6 stk.
4k^
6 p. c. yearly
First dividend on common, 2^^ p.c, paid July 1, 1898. In 1899, Jan.
l^a p. c; July, 2 p. c. (V. 68, p. 1131).
On
Bonds, Gdaranties.
Ac— The
Chicago
A
Eastern
guaran-
Illinois
tees the interest on Evansville Terre Haute A Chicago issues (see that
company) and interest on $150,000 Indiana Block (joal lst7p.
The general consol. and Ist mortgage of 1887 (trustee. Central Trust
Company) 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
also for bonds for equipment at $7,000 per mile and for double track at
$8,000 per mile. In 1897 the total issue of gen. consol. bonds was
limited to $30,000,000 and bonds were reserved for Chicago Si
Indiana Coal firsts. See V. 64, p. 1088.
The gen. consols are
a
mortgage on 256 miles of road, including the
first
on
Sidell
to
Altamont,
etc.;
also
line
from Rossvillo via
equipment valued at $2,657,000, and upon real estate in Chicago costing over $1,200,000. They also cover 106 miles of double track from
Danville to Dolton, 111., and rest of property subject to prior liens
General Finances.—This company owns most ot the capital stock
of the Brazil Block Coal Co., and carries all its coal. It carries also
the coal of the Grape Creek region.
On June 30, 1898, bills payable, none; Chicago P. A M. car trust
notes (including interest), $399,014. In June. 1898, the preferred
stock was raised from $4,830,700 to $6,459,600. an increase of $!,628,900. ot which $628,900 held in treasury, balance for iuiprovements, etc. V. GG, p. 1236.
Earnings.- For 11 months. July 1 to May 31
Bal.,stirp.
Iitl.,<tc.
GrtiSK.
Other inc.
mos.—
Set.
1898-9
.$1,218,197 $1,944,079 $1 76.256 $1,396,089 $724,246
0.")9
139,028 1.401.
44 1.811
1897-8
1.706.842
3,909,108
:
W
ANNUAL Report.— Fiscal year ends June
30. Annual meeting la held
Chicago on the first Wednesday in June. The aiiiinal report for
1897-98 was in V. 67. p. 424. The company receives low rates for its
freight, the rate per ton per mile being 51-100 of a cent in 1897-98,
51-100 ill 1896-97; 54-100 in 189.5-96; 59-100 in 1894-95. Of the trattlo
about 64 per cent in year 1893-i)4 was coal.
1895.
1890.
1897.
Year end..lune'-iO.
1898.
r^^.V'
522
(>48
Mlleaoperat. June 30
648
Gross earnings
$4,221,438" $3,927,610 $4,014,624 $3,667,869
"
'
2.!i08,371
2.43 3.888
li),
632
2.423,915
Oper. ex p. A taxes... 2,6
In
Netearninga
P.
c.
op.
e.\.
$1,601,806
to earns..
(62-()5)
$1 .503.695
$1,580,736
(60-62)
(61-72)
Net(incl.oth.lnoome).$l,768,092 $1,661,407
1,00'2.553
Interest paid
1,083.052
241.156
2J9.651
Rentals
Div. on pref. stock . (6) 289.842 (6) 289,842
Div. on com. stock. .(2>s)154,945
$1,159,498
(()S-;t,M)
$1,735,380
$1,329,151
96S.9i»5
9(!2.901
(6)
234.478
289,842
(6)
234,959
289.842
(4%)3.i!80,112
8un>lus
—V.
/og
Side tracks
RR
La Crosse. Ind.. etc
183
Altamont to Marion and brs.lOO
to
Double track
Proprielari/ lines (leased.} Miles.
Evans. T. H." A Chic. RR.,1I.... 49
Ind. Block Coal
13
.
.
Balance
Dividends
224
Ill
Rossvilleto Sidell. Ill
34
Momence to Ind. State lineJuno. Chic. A Ind. Coal Ry... 11
Cissna Juno, to Cissna Park.. 11
Chic. AIndiana Coal Div., Brazil
Ohiraso
ICaMtprn IIIIiioIh IlH.—fSee Mup.)- Operates road
(double track to Danville. 106 miles) froiri Chicago. III., t o Tcrre Haute
Ind.. and the bituminous coal fleldf). (ITSee this co.)
Ralance
8r.*10.602 8r.$127,855 Hr.$242.065 df.$158,»61
-(V. 67, p. 176. 424. 1109; V. 6^. p. 231, 771. 1131.)
Clii<atfo & Krip UU.—fSrf Miip AVic /<"«.>— Owns from Marion. C,
to Hammond. Ind.. £49 miles, and Icuscs trHckage ov)>r Chicago A
West. Indiana to Chicago, 20 miles. Practically merged In Eric. RIJ Co.
Bonks.— The first tnortt/nge (tnistet's Central Trust (>>. and Edward
Daniels) covers 249 milts of road, the nontnict with the Chicago A
Weateni Indiana, $1.000.0()() of that coinpany's stock and $'240,000
-'
§tock of Chicago Belt Ry. See ahBtracta V. 51. p. 911. V. 61. p. 756.
34
INVESTORS'
SUPPLEMENTH
[Vol.
LXIX.
KAILKOAD STOCKS AND BONDy.
July, 1899
S5
Subscribers will confer a great favor by elvlng Immediate notice of any error discovered In these Tables.
RAILROADS.
Miles
Fjr explanation of column headings,
on tlrst page of tables.
Date
INTEREST OR DIVIDENDS.
Size, or
Amount
of
Par
Road. Bondft Value.
&c., see notes
of
66
327
327
1880 $.'S00&0
1880 AlOO&o
1882 1,000&C
rn. tobepd. atl05,Jan. 1900.
C. St. P.* K.C.
Deb. stock, cum., g., $30,000,000, dlv. in cash, g.
Do. cum. (livideiid.*, payable in scrip
Debenture scrip (not interest-bearinu)
Preferred stock A, $1.=).000.000, 5 per cent, gold.
Do. dividend.', parable in scrip
Pref. stock B, 4 per'cent $10.000,000
Common stock, $30,000,000
C. St. P. & K. C. equip, lease warrants, assumed.
Sterling 5-year notes Os (no luortgafic) gi)ld
Sterling 5-year notes r>s of 1898 (no mortgage).
eterliDg 5-year notes 5s of 8i'!> (no tnorttraire)
('. G.W. equipment lease warrants, $10,0(>() au'ly
C. G.W. equipment lease warrauts
Chic. Inci. <t Kasl.—lft M..
$15,000 p. m.lC.c*
Chiengo Indlnnap. X- Loiii.ieille Com. stock...
Preferred, 4 per cent, non-cum., $5,000,000
L.N.A.&r*., i8t Main Line.— N. A. to Mich. City..o*
l8t M., Chic. * tnd. Div., Chic, to Ind., gold..o*
C. I. & L. refui diuir uu)rt., $10,300,000. gold, 58.
Do
irold tis, iss\ipd for old consols
Perry Mathews Buskirk t<tone Co., IstM., guar..
Indiana Stone RK. 1st M. guar
815
1889
l8t
—
prl.
s,'
Chicago Junction — Connnon
&
.
'ibo
100
100
100
1,000
1880
1881
1897
1897
1,000
1,000
1,000
1,000
100
100
288
158
512
512
1897
1895
|
I
None
>
21,238,000
paid.
\
966, 7-23
1,454,545
1,100,000
May
31.
>
S
1897
1897
I
(1)
10,500,000
5,000,000
3,000,000
2,300,000
3,242,000
4,700,000
250.000
N. Y., Union Nat.
N.Y.,r.,on.
Bk
Nat.
London.
Bk
& Amsterdam
London, K.Iienson
do
do
»\i
Jan.
Jan.
Jan.
1,
1,
1,
1910
19C0
1922
Jan.
1,
1900
Co. Jnlvl5.'09,
London, R.BonHon(Si Co. July31,'99,
do
do
July31,'99,
New York
g.
g.
City.
St.
J. Chlo.,111. Tr.
6
J.
6g.
F.
J.
J.
&
&
A.
<fe
&
I'lOl
Paul.
$l,830m'n'lily
dtSav. Bk. .)an. 1, 11)35
&
6g.
&.
1899 1906
York.
5 g- J.
5 g.
1902
1903
London or Now York.
New
2%
2%
1901
1ft9!>
London.
Senil-an
S(Mni-an
M'nthl V
M'ntlilV
2%
Julyl5,'09,2%
Semian London. K. Benson & Co. 1901
6
5
70.001)
2-«9,800
Mar.', '30/ 99,
N. Y., J. P.
J.
Morgan & Co. July
do
do
do
J.
J.
do
do
do
1
1,
19
19
1,
1,
1947
1947
1,
Aug.
July
July
2,200,000 All Own ed by Cli J Rv. A Un. Stk. Yds. V. 68,
2,000,000
6k J. <fe .}. N. Y., Cont'l Trust C... Jan.
See text.
6g. J. & D. Detroit, Union Tr. Co. Dec.
720,000
6
July
J. & J.
1,200,000
Mch.
Chicago, 111.
5 g. M. & S.
1,310,000
July
5 g. J. A J.
do
do
1,000
1.000
1899
1893
:
I
I
.
.
—
•_•
;
'
,
5
5
Y Union
•Vr
M'thly
7
6
671,363
1,000
Gros8,$l, 649,776; net,$261,336
Gross, 1,512,761; net, 317,526
For year ending Dec. 31, 1898, gross earnings were $3,649,719; net,
$759,421; interest on bonds, $660,000; rentals, etc., $211,100; balance,
deficit, $111, 679 paid by Grand Trunk of Canada under traffic agreement. In 1896 trross, $3,151,930; net, $273,256. (V. 60, p. 794.)
rhloa^o Great \%'estern Ry.— C5ee Jfap.;— Road.— Operates the
"Maple Leaf" route, radiating from Oelwein, la., northerly to St. Paul,
easterly to Chicago and southerly to Kansas City, and embracing
Miles.
Trackage, etc.
Miles.
Lines Owned .... 11
St. Paul to Minneapolis
CJbic. St. P. & IJan. City Ry.—
Chicago termin<als(V.65, p. 521) 10
Chicago to St. Paul, Minn.,
690 Dubuque to Aiken
16
and St. Joseph, Mo
3
131 Des Moines terminals
Branches to Haytield, etc
Bee Oeek to Beverly (no bds.) 23 Leavenworth to Kansas City. 46
Red Wing, Minn., to Mankato. 94
Total operated
1 ,024
The Leavenworth Terminal Ry. & Bridge is used into Leavenworth,
In Sept. 1898, the Chicago Gt. West, was surveying a preliminary line
from Hampton, la., toUmaha, Neb. V.67,p.48l. See also V. 67,p. 1308_
History.— The Chicago St. Paul &. Kansas Citv was organized in
May, 1886. and in December, 1887, merged with Minnesota & North
western. In August, 1892, reorganized per plan. Vol. 55, p. 856. Kach
$1,000 of Minn. & N. W. and Chi. St. P. &. K. C. first mort. bonds was
given $500 debenture stock and $600 pref. "A" stock.
On Sept. 7, 1893, the Chicago Great Western Co. having thus become
the owner of over 97 per cent of the 1st mortgage bonds and over 99 per
cent of the general mortgage bonds, acquired by deed the title of the
Chicago St. Paul & Kansas Citv Ry. (815 67 miles), sulyect to the
mortgages, the bonds which it owns Ijeing kept alive. It also acquired
the title totheLeav. & St. Joseph Ry. (23 miles) .which Is unencumbered.
Securities. The holders of debenture and preferred A stock appoint the finance committee, which exercises general supervision of
finances. Additional securities of said issues can l)e 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, hut only with consent of two-thirds of both classes. Tlie several classes in case of liquidation will have principal paid in gold, a(^cording to their priority right to dividends. At extraordinary general
meetings of holders of del)enture stock and preferred A sto(!k collectively, holders of one-tenth of said stocks outstanding, present or represented, constitute a quorum and l)y a majority vote liave power to
sanction any modification of the rights of said stocks. The provisions
of the several classes of stock and of the trust deed were fullv set
forth In the editorial article of the Sui'rLK.MKNT for October, 1897.
In 1898 the aiitliorized Issue of 4 p. c. debenture stock was increased from $15,000,000 to $30,000,000 The purpose is to devote the
proceeds '• to redeem at tlie discretion of tlie finance committee from
time to time, as opportunity offers at or before imtturitj', any or all of
the liabilities of tlie coiniiany which are a charge prior to the 4 p. c.
debenture stock," ami for Improvements.— V. 66, p. 133. 663, 1088.
On New York Stock Exchange in .January, 1899. $13. 30-j, 000 debenture stock had been listed. Cash interest will be resumed on all the
debenture stock and all the preferred "A"will be entitled to casli dividends after July 1, 1899.— V. 67, p. 1206.
Dividends.— First semi-annual dividend, 2 p. c, on preferred paid
Jan. 31, 1899; in July, 1899.
p. <•.
General Finances.—The company has tieen spending a considerable
sum for the reduction of grades, etc., $2,119,000 from sale of sterling
notes and an additional sum from earnings was being so applied In
1896-98, and $182,000 for ballasting, etc., from other sources. V (>«,
p. 235, 283. The deb. and pref. "A" stockholders voted Jan. 30, 1899,
to Issue $8,000,000 detieiitiire stock, in order to refund in the near
futiire the following seciirltii-.s: Oh. St. Paul <t K. C. 5h, subject to call
'; sterling.
at 10\, $2,-t23.150; equipment lease warrant'', $l,<i7.3,'
loan 6s, $1,454,000 gold notes 5s, $1,100,000, and for irriprovemeiits.
V. 68, 186.
Of this new etock, $3,300,000 lias been arranged to
e sold to retire the .$i,M-.i3,150 priority loan (the only iiiortg*ife dnlit),
to be called and palil .Ian. 1, 1900, and no more will probaiily lie
ls<«ned until 1901 when certain car trusts mature. V. 68, i>. '!fi9.
l.'U.
The main line of the Wis. ,^flnn. K- Pac, extendiiiir from U<ril Wing,
1-7
Minn., to Mankato, 9
milj-s. purchased from the Chlr. It. I. iV Par,
has been operated since Jnne 1, 1899. V. 68, p. 970.
to
4 scrip.
7,4'<9,190
100
500 &o.
April, 1893, but will not be issued to the public. On Jan. 1, 1899, interest due was $224,997; sundry outstanding accounts and wages,
$1,613,406; Grand Trunk Rv. owned Dec. 31, 1898, £260,210 firsts.
£605,753 seconds and $5,806,322 stock.
1
g.
g.
1
li
1
326.
p.
I,
1927
1,
1,
1,
1,
1900
'914
1917
1917
annual Report.— Report for 1897-98 in V. 67, p. 423, 433. Preliiulnary statement for 1898-9 was in V. 69, p. 177
Year ending June 30.
1897.
1899
1898
Total gross earnings
.$5,867,739 $5,386,04i $4,680,859
Net income
Rentals
.
(incl.
equipment)
do
Int. in
I
sterling, etc., loans.,
cash on 4
Div. 4 p.
c.
p.c.
1,720,223
1
Intereat priority loan
;
Jan.
4
IN.
J.
J.
J.
Bmjrf*— PrinciDue.
Stocks — Last
Dividend.
pal, When
(t)
....
I
Clilcaso Fort ITIadlson &. Des ITIolnes RR.— Owns Fort
Madison to Ottumwa, la., 71 miles, in Dec, 1892. Successor in Jan
nary. 1899, tD the raiUcay company, foreclosed and purchased for the
bondholders by Jesse A. Baldwin of Calcago. St'Ok, $8 )2,000.— V. 68,
p 84. In year 1897-98, gross, $91,009; net. $16,295. V. 68, p. 84.
Clilcago & Grand Trunk Ry.— Owns from Port Huron, Mich., to
Elsdon, J26'5 miles; leases Grand Trunk Junction Railway, 4 miles,
and trackage Chicago & West. Indiana, 4*5 miles total, 335 miles.
Stock, $6,600,000 In $100 shares. The Grand Trunk of Canada
gives a traffic guarantee of 30 per cent of its gross earnings on interchanged traffic. Third mortgage for $6,000,000 was authorized in
Earnings.— 5 mo8.,
I
92,238 No Int'st
8,262,800 4 in 'O*
3,035,200 4 sop. '99
18!)^ V'arloua
1895
j
West.. l8t M., $2,500,000, g...c-&r
Chic. Ham.
OMe. Kaliiinazoo <t Saginnir— 1st >I., $225,000
Okie. Lake Sh. d! ^(is<.— Divisional bonds (see text)
inc.c*
Ist mortgage, red. at par, gold
Equipment, gold, sink, fund (red. at 105.)Mr.c*
5
1
2,302, .500
A
4
&
&
&
&
&
J.
J.
J.
5
10,112,000
1896 £100&o
1898 Various
l>-99 Various
1896
—
.stoc"
6
«
I
.
i
$546,000
5,454,000
6,000,000
2.823,1.50
100
100
,»«-
Outstanding^**® Pe' ^Vhen Where Payable, and by
Payable
Whom.
& Or. Trini A:— Northwest Gr. Tr., Ist mort.
oAr
mortgage for $6,000,000, $ (cur.) & *
o*Ar
2d mortgage (currency)
Chlrayo Great Western
Ohicago
»»«
..
deb. stock.
J-
1, 587,892
i
.
on pref. stock "A".,
j
1,435,671
1,100,272
448,613
141,157
111,062
1396,524
434,207
141,158
69,.594
1364,541
I
Balance
$90,772
$338,315
11132,331
Also Interest amounting to $95,880 in 1897-8 and $118,411 In
1896-7 was paid with scrip convertible into debenture stock at par:
H After paying interest on all the 4 jier cent debenture stock and 4
per cent on all preferred "A" stock issued and issuable.
A. B. Sticknev, President. St. Paul. Minn. New York Transfer office.
18 Wall Street.— (V. 68, p. 82, 186, 669, 771, ^76, 1131; V. 69, p. 1 77.)
Clilcago
&. W, RR.— See Chicago Idnction Ry.
Ohicago Indiana <k Kastern Ry.— Owns Swayzee, Ind., to
Matthews, 22 miles. In June, 1899, Matthews to Richmond, Similes,
and Swayzee to Converse 6 miles, under construction, the latter being
expected to be completed about July, 1899. Stock authorized, $10,000
p. m. Pres., E. Stewart; Sec. and Treas., J. H. Miller, Pairmount, Ind
Chicago Indianapolis
Louisville Ry.— C5ee Map.) Operates the •Monou Route" from Chicago, 111., viaMonon, Ind., to Indianapolis, Ind., and Louisville, Ky., with branches— the system including
Miles.
Miles.
Oper. tinder contract —
Lines owned —
20
Indiana State Line to Indjanap. 162 Chicago to Ind. State Line
5
New Albany to Michigan City .289 New Albany to Louisville
2
Bedford to Switz City
40 Connection in Indianapolis
18
Orleans to Fr. Lick Springs
t
Hammond
—
&
:
536
Total of all
Western Indiana (of whose stock
this CO. owns $1,000,000) gives entrance to Chicago on a mileage basis.
History.— Successor July 1, 1897, of the Louisville New Albany <fe
Chicago Ry., foreclosed and reorganized per plan in V. 63, p. 922. In
the road
April, 1899, control was .acquired by J. P. Morgan & Co.
will be operated Independently but under close relations with other
lines held in the same interest. V. H8 p. 822; V. 69, p. 129,
In May, 1893, the U. S. Supremo Court reopened tlie f Teclosure prooeeding.s ag.iinst the old company. V. b8, p. 102 ', 1225; V. 69. p. 78.
Dividends.— On pref.,flrstdividend Mar. 30. 1899.— V. 68, p. 473.
Bonds.— Ke/M«f/t/iflf mortgage covers road, equipment, etc. (including
$1,000,000 stock of Ch. & W. Ind and $240,000 stock of the Belt
total authorized issue is $15,000,000, of which
Ry. of Chicago)
reserved to take up existing divisional bonds at maturity, $5,300,000;
to be issued only for betterments and equipment, not to exceed $300,000 in any one vear, $2,091,000. TrustCHS are Central Trust Co., N.
Y.. and .lames Murdock, of Lafayette, Ind. Bills payable June 30,
A lease for 999 years with Chicago
<fe
;
1898, $100,000.
Gener.vl Finances.—The reorganization In 1896-97 reduced tho
annual fixed charges from $1,019,486 to $955,4.50. It also provide-'
$2,100,000 cash, of svhich $700,000 for ne%v terminals, air-lirakes an
other improvements, the remainder for floating debt, etc See statement to N.Y. Stock Exchange in July, 1897.— V. 65, p. 194.
In Mar.. 1899. the Indianiipolis it Louisville UK. Co, was incorporated to build :i line, it deemed best, from Indianapolis, Did., southwesterly about 100 mile-i to .Switz City and tho coal fields of Clay, Sullivan and Grconc counties.— V. 68, p. 722.
Earnings.- (11 mos.), 1898 9. .Gross, $3,171,457; net, $1,012,134
880.96
{1897-8. .Gross, 3,013,150; net.
July 1 to May 31.
For 5 mos. ending Nov. 30. 1898, net, $511,198, against $198,569 in
i
*
1,385, against $100,b32.
733, showed
1894-95.
189.5-96.
1896-97.
Orossearnings
$3,323,671 $2,902,7<i0 $3,291,972 $3,O()7,014
996,104
1,111.583
860,322
Net earnings
967,663
78.600
70,800
74,400
Dividends received...
75,038
1897; charges, $399,813;
siir.,
$1
Annual Rei-ort.— In V. 67, p.
Tear end. June 30— 1897-98.
Total net Income, $1,042,701
Int«irest
on bonds
Kontals, etc
Total
Surplus
— (V.
715,150
208,122
:
$934,722 $1,182,383 $1,074,704
740,000
773,496
775,450
264,886
225.991
234,334
$953,752 $1,009,784 $1,019,487 $1,004,886
$162, h96
$69,818
,$H(M29 def.$T5,(i62
6H, p. 281, 473, 722, 771, ,S22, 1023, 1225; V. 69, p. 78, 129,)
(liloiiio .liinclion Railway. —Owns a belt line around Chicago
from IlamiiKind to La <irallg(^, 111., 3520 miles ami extonslon. La
Orangeto Franklin Park, 8-87 miles. The Terminal UK. from Chappell to Union Htock Yards, 1012 miles. Is operated i>y Clilc. June, (see
Mich. Ontial.l Total mileage In April, 1^<9S (liiclmlliig Chicago A Indiana State Miio and lines leased frmn (Mi. Junction Ry. .V Union Stock
Yards Co., 297 miles. Intersects all th(^ roads entering the city. From
Blue Island to McCook, 13-mh nill<>s (iloiibln tracked in ls97),the
tracks of the old Calumet Terminal are used under a longtime lease.
V. 66. p. 287. 708; V. «5, p. 307. 411.
30
INVESTOKS' SUPPLEMENT.
[VOL.LXIX.
July,
1899.
|
KAILKOAD STOCKS AND BONDS
)
;
38
SUPPLEMENT.
IWVifiSTOES'
[Vol. LXIX.
confer a sreat favor by giving Immediate notice of any error discovered In tlie«e Tables.
Bonds—PrinciINTEREST OR DIVIDENDS.
RAILROADS.
Sabacrlbera
\irlll
For explanation of column headings,
on first page of tables.
<&o.,
Miles
Date
of
of
see notes
..
St. Paul loansRiver Div. (8t.P.&C.) IstM. con. into pf.stk.g.o* 129
Hastinirs * Dakota Ist M., conv. nto pref. st'k
Cliio. A Mil. 1st mort. (conv. into pref. stock). .c*
83
Cliicago Milwaukee <fe Si. Paul loansPrior lien consols, convertible into pref
1,435
Amount
Outstanding
Rate
When Where Payable, and by
Per cent. Payable
Whom.
$100 $46,924,200
100 35,595,400
•
Milwaukee *
1872
$&
£
....
.-.--.
1873
1,000
5
A.
A.
7
3,931.000
HO.OOO
1,714,000
7g.
J.
J.
J.
7
7
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
0. N.Y.Offlce,30 Broad 8t.
0.
do
do
J.
J.
J.
160.000
1,000
1874
7
J.
J.
1,000
8,70^,000
1875
7
J.
J.
1,000
2,970,000
7
J.
J.
335 1878
1,000
4,000,000
212 1879
6
J.
J.
1,000
7,432,000
419 1880
6
J.
J.
1.S3
1,000
2,840,000
1880
5
J.
J.
1,000
6.670,000
5& 7 J
J.
395 1880
1,000
2,500,000
5
J.
185 1879
J.
500
1,106,500
7
J.
J.
107 1879
1,000
2,227,000
6
J.
C 161 1880
J.
1,000
6,225,000
1880
351
6
.1.
J.
1,000
3,000,000
120 1880
6
J.
J.
1,000
25,340,000
5 g. J.
J.
1,117 1881
1,000
1,360,000
68 1881
5 g. J. <fe J.
1,000
4,755,000
230 1881
J.
J.
1,000
1,2.50,000
119 1883
6 g. J. & J.
1,000
1884
4,748,000
5 g. .1. & J.
1,000
2,856,000
i59 1886
5 g. J. &. J.
1,000
3,083.000
77 1886
5
J. & J
1,000
312.000
525 1886
5
,T.
& .1
1,000
24,000,000
4 K. J. & J.
5,722 1889
1,000 a5.174,000
3ifl g. J. <fe .1.
5,722 1899
1,000
2,155,000
126 1880
6
.1.
<fe D.
1,000
5,092.000
6
362 1884
c*
J. /k. D.
alnclud
ing
Mar. 20, 1899, $2, 674,000
Chic. Terminal Tea NSFER RR.
Consol. mort., conv. into pref. stock
c*
c*
I. & D. Ext. l8t M.. convert, into pref. stock.
8. W. Div. Ist mortgage Western Jnion RR..C*
80. Minnesota Div. Ist mortgage
c*
0*
Mineral Point Division 1st niortcage
Hast.ADak. Div..ext.,lstm.(,$990,000are5%)c'
Lacrosse & Dav. Div. Ist mortgage
c*
Wiso.Val.RR.Co. IstM., Toraah to Merrill, Wis.c
Wis. Val. Div.lstM. 8. f.,notdr'n
0*
Dub. Div. 1st M., s. f., not dr'n
Chic. & Pac. Div. 1st M. (Chic, to Kittredge) ..c*
do Western Div. 1st mort., (see text) gold .0*
Chio. & Lake Superior Div. 1st mort., gold...c'
Wis. <fe Minn. Div. 1st mortgage, gold
Fargo <fe Southern 1st mort., gold, assumed
Ch. Mil. <fe St. P. Terminal mortgage, gold
c*
Dakota & Great Southern 1st mortgage, gold
Chicago A Missouri River Div. 1st mortgage... c"
Inc. M., convert., s. f. $80,000 yearlv (dr. at 10,5)c'
Gen. mort. (for $150,000,000), gold Series A.c*Ar
do
do
"B" (3>2S, is8ucdiul*-H9).c*
Mllw. & North'n 1st mort., Schwarz.to Gr. Bay..c*
Consolidated mortgage
dt Nor. Pacific— tiKE
or
Par
Road. Bonds. Value.
Chiratfo Mihraukee S: St. PniW— Common stock.
Preferred stockTpereent yearly, not cumulative.
Chicago
fli/A
1,435
pal, When
Due.
Stocks— L,a,st
Dividend.
Ap 20'99,2i2%
Ap 20,99,312%
London and New York. Jan.
N. Y.,Ottice,30 Broad St. Jan.
do
do
Jan.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Jan.
July
July
July
Jan.
July
Jan.
July
Boston, Lee Hlgginson. Jan.
N.Y. Office 30Broad St. July
do
do
July
do
do
Jan.
do
do
Jan.
do
do
July
do
do
July
do
do
Jan.
do
do
July
do
Jan.
do
JcJy
do
uo
Jan.
do
,
May
do
do
do
May
do
N.Y.,Ch.Mil.&8t.P.Ry. June
do
do
June
not listed, see text.
1,
1,
1,
190«
1903
1903
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1904
1905
1909
1909
1910
1910
1910
1919
1909
1920
1920
1910
1921
1921
1921
1924
1914
1916
192&
1916
1989
198»
1910
1913
1
in March, 1898, as a consolidation of the
Western and Chicago & Indiana State Line in
the interest of the Chicago .Innction Rys. & Union Stocks Yards Co.
Leases and operates, in addition to the lines owned in fee. all the
ewitchiug and terminal transfer roads owned by the Stock Yards Co.
Bonds.— First mortgage of C. H. & W. is for $2,500,000 (trustee, E.
Francis Hyde. N. Y.); entire capital stocks of Hammond & Blue Island
RR. ($400,000) and H. & B. I. Rv. of Indiana (.$80.00<i) being deposited
and covers the entire railway property and franchises of the company
(therein described) subject to prior liens as below mentioned. The
V. 64, p. 287. Equipment tru.stsin 1897, $125,000.
P:arsings.— For 9 montlis ending Dec. 31. 1898. gross. $1,252.481
net, $667,639. From Apr. 1 to Sept. HO, 1898, f' months' oper , gross,
$806,72?.; net,$428,121; taxes $56,819: chgs.. $65,025; sur.,$-i0e,277.
Officers.—John A. Spoor, President; James H. Ashby, Vice-Pres.;
C. C. Chace, Auditor; L. T. Dudley, Treas.— V. 67, p. 1 2h2; V. 6S, p. 3 -i 6.
Total reported by the company as outstanding
Reserved for prior liens
Originally reserved for prior liens, which have since been ^
converts d into pref. stock. Will even rually become >
available for improvements. (See also below)
)
A.vailable tor improvements, etc. (see also below)
Organization.— Formed
Chicago
Hammond
ife
as security.
Kalamazoo &
Sa:;lna^v Ry.— Projected from Kalamazoo, Mich., to Saginaw. Mich.. 125 miles, of which 45 miles,
Kalamazoo to Woodbury, in operation. In January, 1897, $450,000
stock \< as outstanding. The first mortgage is for $225,000 to Union
Trust Co. of Detroit, as trustee; bonds all in treasury; bills payable
Jan. 1, 1897, $496,175. In 1896 gross, $52,111 net, $17,674.
Operated by Kalamazoo & Hastings Construction Co. President, E. Woodbury; Treas. and Secy. H. C. Potter, Kalamazoo, Mich.— V. 61, p. 1063.)
Cbicaso Lake Sliore & Eastern Ry.— Operates about 366
miles of track, affording access to the important railroads reaching
Chicago, Milwaukee and Joliet, and also to steamboat lines, stone
CblcasTo
;
(
quarries. Industrial establishments, etc.
Formed in 1897 l)y consolidation of Calumet & Blue Island Ry. and
C. L. S. & E. Railway (of Indiana). Capital stock is $650,000.
Bonus.- Divisional bonds, all 6 p. c, due July 1, 1914, were outstanding in Dec, 1897 Chicago & Kenosha Ry., $120,000; Chicago
South Eastern, $270,000; Joliet & Blue Island. $200,000 Milw.
Bay View & Chic. RR., $130,000. First mort. of 189718 for $1,200,000;
bonds redeemable at par on interest days upon 60 days notice.
Equipment mortgage is for $1,310,000; sinking fund is $60,000 per
annum on and after July 1, 1901 bonds redeemable at 105 at any
time mortgage covers road (subject to first mortgage) and also is a
h.Btlienon 39 locomotives, 2,138 box-cars and 787 coal, flat, &c.,
cars. For year ending June 30, 1898, gross. $2,012,789 net. $1,136,900 charges, $793,276 balance, surplus, $343,624. In 1896-7 gross.
$1,515,623; net, $81S,031.— V. 64, p. 422; V. 67. p. 428. 483.
Chicago inilwaiikee «k St. Paul n.y.—(See Map.)— Operates
from Cliicago westerly to Omaha, Neb., and Kansas, City. Mo., with
lines, traversing Wisconsin, Minnesota and the Dakotas, including:—
Road.
Miles.
Road.
Miles.
Lines owned (of wliich 11
2nd & 3rd tracks
259
miles owned Jointly)
6,303 Trackage (includ. 2d track)...
62
;
&
;
;
;
;
;
;
History, &c.—The Milwaukee &; St. Paul RR. Co. was organized May
1863, and on Feb. 11, 1874, took its present name. Tlie system has
since been greatly extended by the construction and acquisition of
other lines. Tlie sale of the Milwaukee & Northern to the St. Paul was
ratified in Septemrjer, 1893. In 1899, all tlie stock and bonds of the
Des Meines Nor. <fe West, 149 miles, were acquired, tlie C. M. it St. P
taking possession .luly 1. 1899.— V. 68, p. 40, 975. In May, l>-99 contracts were let from Rockwell City to Storm Lake, Iowa. 3« miles
and Fonda. Iowa, to Spencer. 43 miles. In July, 1899. extension from
St. Paul to Duluth was being considered. Ski: V 69, p. 179.
Capital stocks.-The preferred stock has a prior right over the
common stock to a dividend of not over 7 per cent from net earnings in
each year, but if not earned it has no cumulative right. After payment
of 7 percent on preferred and 7 on common, lioth classes share orora^a.
Common stock authorized, $47,062,560. Preferred stock on Dec. 31,
1873, was $12,274,483
it has been increased to present figures
almo.st entirely by exchange of convertible bonds for stock, only about
$5,000,000 having been issued for other purposes (improvements, etc
In July, 1899, $15,557,000 prior lien bonds outstanding were exchangeable for preferred.
5,
prior lien bonds cannot be extended, but will be paid off at maturity.
On June 30, 1898, the following amounts of general mortgage bonds
had been issued or were reserved for the purpose indicated, viz :—
Listed on New York Stock Exchange
$23,676,000
In treasury of the company (unsold)
5,498,000
$29,174,000
100,168,500
13,232,500
7,425,000
$150,000,000
Total authorized
The $29,174,000 outstanding include $6,000,000 issued to pay for
178 miles of sundry small branches on which the general mortgage i»
a first lien, and to retire the $2,500,000 first mortgage bonds of
Chicago Evanston & Lake Superior Ry., a Chicago suburban road^
also $4,035,000 issued to replace prior bonds paid and canceled.
The $7,425,000 "available for improvements, etc.," of bonds above
mentioned are applicable for premiums paid in retiring or refunding
convertible and other prior lien bonds bearing a higher rate of interest than 4 p. c, for cost of branches, second and side tracks, real
equipment, etc. On July 1, 1898, of the
$19,552,000 (maturing 1899-1908) were
convertible into preferred stock if from time to time so converted
they will set free a like amount of general 4s which, with the $13,232,500 reserved against bonds already converted, will become available
for improvements, additions, etc., as soon as the balance ($7,425,000)
of the amount '•riginally reserved for improvements has been so expended. V. 48, p. 830; V. 50, p. 205. N. Y. Stock Exchange to
Jan., 1899, had listed $23,676,000 generals— see "General Finestate, bridges, rolling stock,
prior lien bonds outstanding,
;
ances," V. 65, p. 462, and V. 66, p. 33.i.
In Jan., 1899, $2,500,000 of the $5,498,000 general mortgage bonds
in the treasury on June 30,1898, were sold, the bonds bearing 3^2 per
cent interest and being known as Series B.— V. 68, p. 129, 523.
GENERAL Finances, &c.— Dividends on common stock were resumed
in October. 1892. See "dividends" above.
The funded debt was increased during the year 1897-98 by the issue
of $4,317,000 of general mortgage bonds and was decreased $5,490,500 by underlying bonds retired and canceled; of the latter $2,763,500 were converted into preferred stock, together with $1,475,500
additional in Oct., 1898. Of the funded debt tliere was in the treasury
June 30. 1898. $6,587,000 (against $5,433,000 June 30, 1897), of
which $5,498,000 was general mortgage 4s. In Jan., 1 H9i<, improvements costing $2,000,000, it was reported, were contemplated.— V. 67,
p. 40.
Average freight train load in 1897-8 was 178 tons; rate per ton per
mile, 0-972 cents in 1896-7 train load, 167 tons ; ton rate 1-008 cents.
> 1898-9. Gro.s,s, $34,014,652: net, $13,217,272.
Earnings.— 11 mos.
< 1897-8. Gross,
31,443.340; net, ll,vt84,709'
July 1 to May 31.
;
Annual Report.— Fiscal year ends June 30. Annual meeting i»
held in September. Report for 1897-98 was given in full in V. 67, p.
525, 531, 577. See also editorial, p. 506.
1897-> 8.
1895-96.
1896-97.
6,151
Miles operated June 30
6,154
6,154
Passenger earnings
Freight earnings
$5,986,840
25,468,852
2,733,972
$5,717,496
22,104,803
2,664,469
$6,147,670
23,887,930
2,646,220
.$34,189,664
$4,642,275
2,918,524
Transportation, gen. exp.,etc.. 10,908,170
Taxes
1,134,131
Renewal account
1,125,000
Miscellaneous
473,468
$30,4 86,768
$32,681,829
$4,334,955
2,464,839
9,898,952
1,184,231
200,000
494,562
$4,374,724.
Mall, express, &c., earns
:
)
D1V8. since 1889.
'91.
) '90.
>
On common.
On preferred. 5 7
Bonds.- Abstracts
7
of
'92.
'93.
2
4
7
7
'94. '95.
4
7
2
7
96.
4
•97.
'98.
'99.
5
5
Apr., 213
7
7
7 Apr., 312
some of the older mortgages were pub-
Uahed in the Chronicle, V. 45, pp. 85, 114, 144, 212, arid V. 48^ p. 830.
The following l)onds are conrer^ftie into preferred stock at anytime
within ten days after a dividend shall have been declared and become
payable on the preferred: Iowa & Dakota Extension 7s, River
Dl\-ision 7h, Chicago
Milwaukee 7s ot 1903, Hasting & Dakota 7s of
1903 and Ch. Mil. ft St. P. consols of 1875. The consols of 1874 also
are convertible into preferred within 15 days after dividend day. The
convertible bonds were fully descrilied in Supplement for Mar. '93, p. 2.
Chicago <t Faciflc Wextem Division 1st 5s were issued at $20,000
per mile for road, with addHional amounts for equipment and
bridges; no further bonds can be Issued. The mortgage covers the
following miles of road: Farley, la., to Kansas City, Mo., 341 miles;
Marion, la., to Council Bluffs, la., 262 miles; Astor, la., to Aberdeen,
North Dak., 352 miles; branches 162 miles; total, 1,117 miles.
Terminal five per cent bonds of 1884 cover terminal property
of several hundred acres in Chicago and Milwaukee.
The general mortgage of 1889 (see abstract in V. 48, p. 830) is for
<te
$150,000,000, to the United States Tnist Co., of
New
York, as trustee,
Total earnings
Maintenance of way
Maint. cars and engines
Total expenses
Net earnings
Perct. of
01).
(60-2
exp. to earns
$13,119,115
7,190,413
Balance for dividends
Common
Preferred
1
131,018
Total net income
350,000
397,851
$21,201,567 $18,577,539 $19,676,80»
$12,988,097 $11,909,229 $13,005,021
Other income
Interest on debt, etc
2,942,295
10,529,853
1,082,084
$5,928,702
(60-94)
(60-21)
162,822
64,857
$12,072,051 $13,069,878
7,488,747
7,669,488
$4,583,304
$5,400,390
DIVIDENDS paid DURING FISCAL TEAR.
(5i«)$2,531, 463 (4)$1,841, 090 (3)$1, 380,817
(7)
2,104,245(7) 1,896,363(7) 1,846,315
$3,227,132
Total dividend.s
$3,737,453
$4,635,708
67, p.531, 5 77;V. 68, p. 40, 129,473,523. 975; V. 69, p. 179.>
Chicago Terminal Transfer RR
Chicago ac North. Pacltlc
— (V.
RR.—
RAILROAD STOCKS AND BONDS.
July, H99.|
Subdorlbern
tvtil
30
oonTcr a sreat favor by sivliiK Immediate notice of any error dlacovered In
——
RAILROADS.
For erplanatlon of ooluiun headings,
on first page of tables.
iSO.,
.,,,
Miles
see notes
_,
.
Date
„.
Size,
or
of
Par
of
Road. Bonds Value.
tlie«e
INTEREST OR DIVIDENDS.
Amount
Tables.
boiuli - Pnuo pal, When Duf
P*""' ^^*'" |WHere PavaUle, and by
OiU^andlnK^***
uuiatanmnK
(.^^^
Payable
Pay
Wlioui.
Stocks— \m»1
Dividend.
4,273
Jt \ortfi }yes tern— Common stock
$100 $:!9,112,400 5 in 1899 J. A J. N.Y.,Co.'BOmoe,52WallJMv6.'»9.2iB%
100
22,395,000
do
Preferred stoch (7 i>. c. yearly, not cun\ulatlve).. 4,273
7
do
J'ly6,'»9,l\%
(J.—J.
BoiKis issued and as»umed bi/ Chic. <£\. W.
788 1865
1,000
12,832,000
Q.-P.
do
do
Feb. 1, 1915
Ch. & N. W. con. s. f. M. ($12,900,000), not dr'n.O'
M. A N.
2,332,000
do
Cedar Ranlds * Missouri RIv.— 1st niort. 3d Dlv. 150 1866 500 Ao.
do
May 1, 191«
River
122 1884
Mort. of 1S84, Ced. R. to Des M.
769,000
J. A D.
do
do
June 1, 1909
71
1870
982,000
1,000
jA. A O.'
do
Iowa Mldl'd 1 st M., Lyons to Ananiosa (assumed)
do
Oct. 1, 1900
$'23,000.
not
dr'u)
(s.f.
129
1871
500
extens.lst
M..K.
Ao. > 2,977,.500
A. A O.
Madison
do
do
Apr. 1, 1911
not
dr'n.
(s.
f.
$20,000,
114
1871
500
M.,
ext.lst
«.
Ao.
2.,546.500
I).
Menominee
A
do
do
June 1, 1911
62 1872 500 Ao. I 3,365,000
Northwest. Union 1st M.,iC.,Mll.tt) Fond-du-Lao.
do
7 g. M. A S.I
do
June 1, 1917
1872 500 Ao.
9,277,000
do
Deo. 1, 190a
Cblo. A N.W. >ren. consol. M.. g., s.f., not dr'n c.'&r 1,637
7 g. 'j. A D.
do
New mort case of 1897, see next i>a>te.
31 •76-'80
560,000
J. A J.
do
Menominee River 1st M., two series (assumed)...
7
do
July 1, 1906
82 1880
1,000
1,600.000
M. A S.
do
6
do
Sept. 1, 1905
Mil. A Mad. 1st M., Mil. to Madison (assumed) .0*
1,528,000
M. A N.
do
Nov. 1, 1905
do
Uhleajfo A ToniaU Ist mort., guar, (assumed)... )
S 1880
6
152
M. A N.
s
e 601,000
do
Nov. 1, 1905
Chicago Milwaukee A N. W. construe, do
I 1882
6
do
43 1881
1,000
395,000
J. A J.
do
EscanabaA Lake Superior RR. IstM., (assumed).
6
do
July 1, 1901
57 1882
1,000
600,000
F. A A.
do
Pel). 1, 1907
7
do
Ues Moines A Minn. 1st M.,Des M.to JewellJo.,Ao.
64 1884
1,000
1,600,000
M. A S.
do
Mch. 1, 1909
OttumwaC.F.ASt. P. 1st M. ($25,000 p.m.), ku..o5
do
7(!
1885
M. A 8.
1,000
1,500,000
do
Mch. 1, 1910
do
Northern 111. 1st M. ($20,000 p. mile), assumed. .c*
5
l.st)
(now
itold...o*
413
1881
1,000
6,000,000
May 1, 1921
do
do
Mllw. L. Sh. A \V., C'ousol. M.
6 g. M. A N.
82
(for
g..c'
1884
$3,000,000),
1,000
1,281,000
do
July 1, 1924
do
Michigan Dlv. Ist mort.
6 g. J. A J.
40
Kold
1885
Division
Ist
mortgage,
o*
1,000
M.
Mch. 1, 1925
1,000,000
A 8.
do
Ashland
6 g.
do
1,000
Feb. 1, 1907
436,000
do
5 g. F. A A.
do
Deben. (see text) secured by mort of '89, g.-.c 693 1887
693 1889
1,000
4,148,000
do
Feb. 1, 1929
do
Ext. A Imp. M. for $.5,000,000, g., s.f. not dr'n.c*
5 g. F. A A.
r
1881
1,000
500,000
M. A N.
May 1, 1911
6
do
do
Income bonds (not cumulative)
"40
1892
1,000
400.000
A. A O.
5
do
do
Oct. 1, 1922
Marsh. Ex.lstM.for$600.000 ($1.5,000 p. m.).c*
St. Paul Eastern (^ rand Trunk— See statement for th at com pany.
A. A O.
C.AN.W.s.f.b'dsof •79($1.5.000p.m.)red.atl05.cAr 1,041 1879 L.OOOAo 13,139,000
5 &6
do
do
Oct. 1, 1929
71 1891
1,000
850,000
A. A O.
do
do
Apr. 1, 1903
Iowa Dlv. 1st M. for$l,41 1,000 ($20,000 p.m.)o*
1883 l,OOOAo
c**r
M. A N.
do
do
May I. 1938
9,800,000
Slnkintr fund debentures, 1933
5
1, 1898, he Ida., $58 ,000; b. $172,500; c, $150,500; d., $135,000;
In addition to bonds outstanding as above, t he sin king f und Jun
e., $149,000.
Chicago
I
?
•
. . .
Chicago Sc Nortli Western Ry;.— ^-See ifap.;— Operates an Important iysteni of roads uniting Chicago, 111., with Omaha, Neb., 8t.
Paul Minn., with the great wheat belts of Dakota, Nebraska, etc., and
-with the mining regions of Michigan and the Black Hills, including—
Miles.
Miles.
Controlled by stock.
Rnatl oicned in fee—
operated separately
3,S8S
Main lines, eto
Fremont Elk Horn A Mo. Val. 1,301
Entire slock opened
107
449 Sioux City A Pacltlo
Winona & St. Peter
724
Dakota Central
Total of all
6,486
16
Princeton & Western
447
2d track
interest
Also
has
large
in
Chi
5,077
Total Incl. in earns
cago St. Paul Minneapolis &
—
—
Omaha, 1,492
miles.
History, Ac—Tlie Chicago A North Western Railway was organized
4q 1859, and has since absorbed many other roads.
la December, 1882, a controlling Interest was acquired In the stock of
thrt Chicago 8t. Paul Minneapolis A Omaha Co., which see.
In Julv, 1884, the capital stocks (except a few shares) of the Fremont Elkhom A Mo. Valley and the Sioux City A Pacitlo were acquired
on the terms stated In the Supplement of June, 1885, and prior issues.
Their securities, except those held bv Chic. A N. W., are In table above.
In December, 1891, the Milwaukee Lake Shore A Western RR. was
bought by an exchange of stock. See V. 57, p. 375; V, 56, p. 792.
Capital Stuck.—Of the common stock $2,333,688, and preferred
#3,795 remained in the co's treasury in June, 1898. Pref. stock has a
prior right to 7 p. c; then common 7 p. c; then preferred 3 per cent;
then common 3 per cent; then both classes share.
DIVIDENDS—
Common..
'83. '84.
'85.
'86to'93.
'94.
'95.
'96.
'98, '9^.
'97.
6I3
7*3
5
5
5
3
4
5
6 yearly
7 yearly to Apr., 1899, Inclusive.
Preferred.
8
8
BcisV)^.— Refunding Mortgage.— Hee Absitract In V. 65, p. I17.S
The authorized issue is $165,000,000 (United States Trust Co trustee)
$131,640,000 are reserved to retire underls-iug bonds, and remainder
for additions and improvements, $4,000,000 at once and *1,000.000
a year thereafter. The bonds may be issued bearing such rate of Interest as shall be deemed advisable. See V. 65, p. 1070. The tlrsi issue
of $20,000,000, bearing 3 ^j percent (reg. interest Q.—F., coupon M. AN.),
has been sold to Kuhn, Loel) A Co.. of N. Y. see " gennral finances"
brlow and V. 65, p. 69, 111, 571. Up to July, 1899. *'<.7 2,0"0 had
i.^en listed. V. 67. p. 125. The $1,641,000 Chic. A M. first 7s were
fiaid at maturity July 1. 1898
V. 66, p. 1 139.
The sinking fund bonds of 1879 are secured by deposit in trust
Df $15,000,000 of Ist mortgage bonds at $15,000 per mile on subsidiary lines, the most Important being described In Supplement of
May, 1894. Of the sinking fund bonds of 1879 $6,069,000 are 6s;
the sinking fund Is at least 1 per cent of outstanding bonds, which
are subject to call at 105; and through Its operation the amount
outstanding has been reduced from $15,000,000 t^) the present figure.
The sinking fund debentures of 1933 have a sinking fund of $200,000
per year. If they can be redeemed at 10.5. These, as also the debentures of 1884 and 1891, will be secured by any future mortgage
exi'epttng any mortgage " for the enlargement, Improvement or extehBion of the company's property." See description of all the debentures
on page 2. Supplement of April, 1895. The 25-year debenture mortgage of 1884 was for $6,000,000, but reduced to present tlgures by
«luking fund piirclia.tes.
The ejctensifin bonds of 1886 are secured by deposit In trust of first
mortgage bonds at a rate not exceeding $20,000 per mile. Included In
the collateral June 1, 1896, were $10,675,000 Fremont Elk Horn A Mo.
Valley Ists and $2,560,0()0 Wyoming Central Ists (the Wy. Cent, having been consolidated with F. E. A M. V.j, etc. To Julv. 1899, Extension 4r for $18,632,000 »iad been listed on N. Y. Stocit Exchange, of
which. May 1, 1899, $1,143,000 were held alive In sinking funds. See
Union Trust Co. of N. Y.. trustee.
F. E. A .M. V. bonds below.
'
The Fremont Elkhom <t Missmtri ValUy consols have a first lien on
X,170 miles (Fremont, SnU., to Deadwood, D. T., 557 miles, and
branches to HastlngH, Albion, Ac, 613 miles), but besides the amount
of Issue given as oiitstandlnif In the table $10,675,000 are held as part
collateral for Chicago A ."Northwestern extension bonds of 1886. The
Northwestern assumed $3,600,000 of the Fremont Elkhom A Missouri
Valley bonds and guarantees the rest. See guaranty V. 56, p. 6.50.
Che Milwaukee Lake Shore dt Western debentures of 1887 were by
their terms convertible Into .M. L. S. A W. slock, bur North Wentern
oftl'lals state that the bonds are not convertible Into N<irth West stoik.
The extension and improvement mortgage sinking fund commenceH In
1893, and will re'-elve not less than .$25,000 yearly these bonds are
not subject to call.
L\!iU Grant.- The report for 1897-98 showed that the total consideration for the lands an<l lots sold In that year amounted to $225. MM!.
Net cash receipts were $455,357. The statement of amounts secured
to >>e paid to the company by outstanding contracts of sale In force at
the end of the fiscal year showed a total of $772,371.
The lands
«nsol4 and uncontracted for May 31, 189", were 678,199 acres.
(JENERAL Finances.— The first Issue of ($20,000,000) refunillng bonds
»t 3L9 per cent Interest was sold to provide for $18,0l.5..50<» old bonds
maturing up to Dec. 1, 1902. If tti« entire Issue of $20,000,000 Is re<iulred to refunrl these old bonds the saving In Interest charges will be
7
7
,
—
;
about $530,000 per annum— see " bonds " above and V. 65, p. 69, 111.
Maple River first 7s for $402,500 fell duo July 1, 1897.
In 1897-98 the average freight train load was 194 tons, against
15m tons in 1896-7; rate per ton mile, 0--9 of a cent. In calendar
year 1896 of 15,772,612 tons of freight carried, Kraln furnished 1273
p. o., coal 12'61 p. c, ores 22'31 i>. c. and lumber 6'^ p. c.
Earnings.- Jan. 1 to Mav 31. 1899 (5 months), gross, $14,864,069,
against $13,998,772 in 1898. Advauce report for 189:^-9 was in V. 68,
p. 10 72, showing the following:
Tfars.
Gross.
Xet.
Charges (net). Dividends.
lial.mv.
1898. .$37,933,299 $13,171,946 $>^,'' 29,2»>3 $3,523,270 $3,«19,413
1897.. 36,050,561
12,304,076
6,518,930
3,519,823
2,235,323
The above surplus does not include land income. A large proportion
of the suiplus for the year has been expended on coustructiuu and
track elevation in the City of Chicago.
Annual Report.— Fiscal year ends May 31. The annual meeting Is
held the first Thursday in .June. The report for 1897-98 was given at
length In V. 67, p. 219, 224, 315. See also editorial, p. 203.
CHICAGO
Tear ending
Mau 3\.
Si
NORTHWESTERN PROPER.
1898.
5,071
Average miles oper..
Passenger earnings.. $7,256,299
Freight.
27.035,105
Mail, express, Ao
1,759,156
1897.
5,031
$6,963,578
22,236,612
1,777,053
1896.
5,031
$7,4'>8,82
'
24,354.622
1,725,312
1895.
5,031
$7,044,691
9,484,415
1,579,268
Total earnings. .$36,050,561 $30,977,243 $33,488,761 f2S, 108,374
.$22,643,P79 .$18,877,089 $20,373,402 $17,503,917
Oper. expenses
1,10'.^,606
Taxes.
..
1,061,732
1.075,569
1,007,811
Total expenses .$23,746,485 $19,938,821 $21,448,971 $18,511,728
Net earnings
$12,304,076 $11,038,422 $12,039,790 $9,596,646
(65-87)
(6437)
(6450)
(6586)
P. c. exp. to earnings
671,638
652,274
Investments, etc
1,064,615
961,310
Total receipts... $13,368,691 $12,002,732 $12,711,428 $10,248,920
Interest on debt
$7,096,285 $7,115,701 $7,122,356 $7,071,135
3,125,.546
Dividends
3,518,6.50
3.517,057
3,519,823
517,260
Sinking fund, etc..
325,830
220.990
196,413
Total disbursm'ts.$ll, 133,368 $10,830,764 $10,860,403 $10,522,511
sur.$2,2 15,323sr.$l,171,968sr.$l,851,025df.$273,591
Balance
FREMONT ELKHORN A MISSOURI VALLET.
Yr.end.ytayZX.
Grosseamlngs
Net earnings
Total charges
Balance
1898.
$3,881,340
1,237,948
1,020,908
1896.
1897.
$3,051,982
793,839
1,020,941
$2,950,439
893,670
1,022,469
1895.
$2,666,642
692.834
1,025.029
sur.$217.0J 0def.$227,102def.$128,799ilef.$332,195
-(V.67.p.l25,219, 224,31.5,1262; V. 68, p. 231, 1072; V.69,p.78.)
Ciiic. Pad. & IWem. RK.— Cn 1897 merged In Chic. A East. III.
riiicaifo Peoria Ac St. LoiiIm ICK. of Illinois.— Owns from
Pekin, III., to .Springfield, 111.. 77 miles; and Havana to Jacksonville,
III., 42 miles, and Llt<difleld to East St. LouI.h, .18 miles: trackaife, Pekln
to Peoria, 10 miles; Spriniffleld to Granite City. 102 miles; total 279
miles.
Owns
a ouo-auarter interest in the Peoria
A
Pekln Union.
Okoanization.— Foreclosed In 1896 per plan In V. 61, p. 365.
In July, 1898, Samuel P. Wheeler of Siu-iiiglleld, 111., and ('harlesE.
Kimball of New York were apjioinled rf(H>lvers a-< a pfclimluary to
reorganization. St. Louis Chlirago A St. Paul Is controlled In same Interests, and the two properties will be consolidated on reortranl/.atlon
per plan of April, 1899. In V. 6><. p. 722. a-> the 8t. Louis .t Peoria Ky.,
Iii May. l'<99. the plan was declared oiieratlve. — V. 68, p
be exchanged aa
<.)7(>) providing that, if deposited, seourltles shall
follows:
Each $1,000 of $1,599,000 1st Is will receive $2.50 In new consol.
4s, $2.50 in non cum. In 'omes, *150 in new prcfiTrfd aii'l ^.'lO In l.ltcli(<ach $1,0()0 of $2,250,000 2d Imonies. $3 .0
fleld A Mad. Iiicoii es
In new preferred, $50 In non cum. Incomes ami .$l()() In LItcli. A Mad.
Incomes; each $100 of preferred stock. $15 lu new preferred; and each
$iOO of common stock ijilOO In new common.
Stocks and HoNDS-Common stock authorized $2,500,000; preferred
5 p. c, $2,500,000. Of the $4,599,000 firsts outstanding In table above,
$2,100,000 helil as ooUaterul for lonn of $moo.(M»o were purchased at
foreclosure sale In Julv, I^I9S. bv Tluunas ;ariiilcliiMd Der«ult<<d .Lin.
IIIU.H payable, $922,260; payrolls and
1, 18!H; sp«< V. 66, p. HI, lO-lJ.
vouchors, $187,789. V. 66, p. 7 s.
Car Trusts.— On Jan. 1. 1899, over due car trusts amount<vt to $140,471, and to mature $184,041, payable monihly to 190.'.-V. 66, p. 78.
Latest Earnings.- For 6 months eiicllng.luiie 30. 1899, in-oss. $128,251; $415,216 In 1807 8. Report for 1M96 97 In V. 66. p. 7^<.
ttnlanft.
Tax ,t rent, tntrrrsl.
,Vr/.
dross.
Tear end.
$847,045 $202,311 .$75.43:1 $;01>,H19 def.$>'2.941
lft97-98
sur.M.TiS
67,474
148,395
2'2».6l4
1896-97
834,170
which see
(
;
<
40
INVESTOKS' SUPPLEMENT.
[Vol. LXIX.
„„#'*^^ ^
f^//f/f»f^'
July,
1899.,
KAILKOAD STOCKS AND BONDS.
41
c
>
mVESTORS' SDPFLEMEJ^T.
42
RAILROADS.
Date
Miles
Size, or
'
Par
of
of
Por explanatdon of oolumn headings, &e., see notes
Road. Bonds Value.
on tirst page of tables.
j
.
&
Roch. &No.Minn. lstr.I.,sru.(a8Riuiiedbv.W<fcSt.P.)
Dak. Cent. 1st M., g«. (Watort'n to Kedtleld.S.D.)
Dak. Cent. 1st M. on So'east Div. (to Ilawarden) gu.
Frem. Elk. & M. V. oonsol M. $20,000 p. m. see text.
Sioux Llty ife Pac. pref. stock (Ist mort. on 6 in.).
2dM. Gov't lien (1st M. held by Ch. ct N. W.)...
OMcago Kock Island (6 Fac— Stock (for $50,000,000)
let mort.,Cliio., 111., to Council Bliifl's&branches.o*
Chlo. & Southw. Ist M. (g'd in cur. by C.R.I.&P.).
General mortgage, $100,000,000, gold.Ce...c*&r
Chicago SI. Paul Minneapolis d Omaha— Co\n. stock.
Preferred stock, non-cumulative (see text)
St. Paul Stillwater <fe Taylors' Falls Ist mort. ...c
Hud. & River Falls Ist M., Hudson to River Falls.
Ch.St. P.<feMinn.l8tM.,g.,ElroytoL. St.C.ass'd.c*
8t.P. &8i'xC. 1st. M,g.($7,000.000)$10,000p.m.c
No.Wis.l8t M.LakeSt.C. ton'rSpoonerass'med.o'
Bault 8te. Marie & Southwest'n Ist M., aasumed.c
Cb.8t.P.M.&O.con.M.,$30,000,000($15,000p.m)0'
Ohur. Term'l Tr. Rl{.—Ch.&Qr.W.,lst M.. g.,as8'd.c*
City of Chicago purchase money mort., assumed
Chic. Term. Transf.lstM.,g..$16,.500.000 Us. c*cfer
In addition to the bonds outstanding as above.
r, $521,000 (and $10,000 on hand); g.. $1
Rock Island & PaclHc Ry.— r-See
1
'
:
1
[
I
ifap)— Road.—
Omaha,
Miles.
Lines owned —
Chic, lU., to Council Bluffs,Ia. 500
Davenp't, la., to Atch'n,Kan. 341
Elwood
to Liberal,
'
'
icaserf.e^c—
(11 Which see.) Miles_^
47
Peoria & Bureau VaUey
IT
162
Keokuk & Des Moines
IT
440 Des Moines & Fort Dodge.. It 144
Kan
349
569
729
Herington,Kan.,toTerral,I.T.
Horton, Kan.,toRosweU,Col.
Branches
Trackage to Kansas City,
No. Topeka, Kan., Denver,
338
Col., Pueblo, Col., etc
Tot.llnesoper.Apr.l, 1899. 3,619
2,928
Total owned
Chicago Rock Island & Texas, Terral to Fort Worth, Tex., 93 miles
bonds are all deposited as collateral to the gen. mort. bonds, but the
road is operated separately. V. 61, p. 793.
History.- The present Chicago Rock Island & Pacific was a oonolldatlon June 2, 1880, with $50,000,000 stock authorized.
Stock.— Stock dividend of 10 p. c. raised outstanding issue in 1898
to $50,000,000, aU listed on N. Y. Stock Exchange. V. 67, p. 125.
;
CashDivid's) '89 '90
4
Blnce'88, P.ct. $ 4
In 1899, Feb., II4 p c
;
'91
'92
'93
3
4
4
May.
m
'94 '95
31^
2
m
'96
2
'97
21^
'98
4I2
'99
text.
Aug..
p. c.
(V. 66, p. 1089; V.67,
p. c.;
F 15&A.
I
Neb., to Denver aud Colorado
Springs, Col., and via Kansas City, Mo., to Terral, I. T., with branches.
The system, as will be seen on adjoining map, includes'
via
4
1881
Also in 1898 lO p. 0. in stock.
p. 125.)
c. yearly in cash; '88, 6% p. c.
98-9
cent
were
Dividends in l-above 4 per
charged to Addition and
Improvement Account, which also stands pledged to pay a H per cent
"special" dividend quarterly up to and including the next regular
dividend day following Jan. 1, 1903. V. 68, p. 1136.
Bonds.— The refunding mortgage is for $100,000,000 (Central Trust
Co., trustee), of which $65,847,600 were reserved to retire $62,712,000
existing bonds (including $45,212,000 paid in 1898)
$2,000,000
were immediately available for additions or improvements $500,000
have been Issued to facilitate the issue of gen. mort. bonds; $5,500,000 will be available after 1902 at $18,000 per mile, to retire bonds on
lines purchased, and remainder are issuable at not over $1,000,000
per aunum for permanent improvements and additions, including
equipment. See Mortgage Abstract in V. 66, p. 522. The prior
bonds will be paid ofl by Nov. 1, 1899, excepting $12,100,000 of 68.
General Finances.—Av. freight train load in 1898-9, 174 tons; rate
per ton mile, 0-99c.; in 1897-8, 169 tons; rate per ton mile 0-97o.
Re fundi7ig.— The refunding of the bonded debt during 1898-9 will
save $496,621 yearly.— V. 65, p. 571 V. 67, p. 55. In July, 1899,
$47,971,(K)0 of the new general 4s had been listed.
In Jan 1899, sold 123 miles of the Wisconsin Minnesota ife Pacific,
operated by the Minn. & St. Louis, to that company, for about $1,600,000. This amount is applicable to improvements. The r- maining 94
miles were sold in May, 1899, to the Chicago Gt. West. V. 68, p. 976.
Earnings.- From April 1 to May 31 (2 months).
Oross.
2 mos.
Net.
hit., etc.
Balance.
1899
.$3,124,288
$888,668
$645,000
8ur.$243,668
1898
991,238
3,263,746
654,859
sur. 336,379
Annual Report.— The fiscal year ends March 31. Annual meeting
18 held in CHiicago on the filrst Wednesday in June.
Report for 1898-99
at length was in V. 68, p. 112'J, 1135— see also editorial, p. 1102.
Tear ending March :il—
1899.
1898.
1897.
Passenger earnings
$5,053,581
$4,316,817
$4,072,127
Fieight
14,351,656
13,835,995
11,229,175
Mail, express, rentals, etc
1,262,677
1,395,771
1,845,351
to '87. 7 p.
;
;
;*
;
<fe
do
do
do
IT
Gross earnings
$20,667,914
$6,991,804
P.c. of op.exp. <fe tax.toeams.
(6617)
From land department
6,000
Income from loans, etc
704,468
$19,548,583
$6,952,616
Total Income
Rent leased roads
$7,702,272
$716,802
3,084,616
127,737
(4)1,960,389
$7,432,401
$671,565
3,320,987
117,997
(3)1,384,674
3,321,525
99,217
(2) 923,116
Balance
$1,812,728
-(V. 68, p. 186,523, 1129, 1135.)
$1,937,178
$520,480
Interest on debt
Missouri River bridges
Dividends
Chicago
Chicago
St.
St.
Paul
Paul
(64'43)
9,000)
470,785 s
$17,146,653
$5,533,825
(67-73)
12,243
$5,546,068
$681,730
Kan. City.— See Chicago Great Western.
:^Hniieaipo\lit &. OmtLna. Ry.— (See Map Chi-
Ac
<e North Wesler7i.)—Ro\D.—M.a.in line— Elroy, Wis., to Omaha, Neb.,
593 miles other lines, 899 miles total, 1,492 miles, of which 1,428
miles are owned and 64 miles leased.
History.-This wan a consolidation July, 1880, of the Chicago St.
Paul <fe Minneapolis, the North Wisconsin and the St. Paul & Sioux City.
In November, 1882, a controlling interest in the stock was purchased
lor the Chicago <fe North Western Railway by the acquisition of 93,200
bares of common and 53,800 shares of preferred.
cago
;
;
STOCK.— Authorized common, $21,403,293; preferred, $12,646,83?.
Held by the company Dec. 31, 1898, common stock and scrip, $2,844,-
Nov. 1, 1909
Apr. 15, 1921
Aug. 15, 1926
Nov. 1, 1987
do
do
do
& N.
do
do
Nov. 1, 1907
J. & D.
do
do
Dec. 1, 191 fr
A. & O.
do
do
Oct. 1, 1908
M. & 8.
do
do
Sept. 1, 1908
M. & 8.
do
do
Sept. 1, 1908
M. & 8.
do
do
Sept. 1, 1907
M. & N.
do
do
Nov. 1, 1907
A. & O.
do
do
Oct. 1. 1933
A. & O.
do
Ap. I,'99,3i2%
do
J. & J. $2,563,650 at maturity. Mar. '98 &' 99
Q.-F. New York and Chicago. Aug. 1, '99, II4.
J. & J.
N. Y.,13 William St.
July 1, 1917
M. & N.
do
Nov. 1, 1899
do
do
J. & J.
do
Jan. 1, 1988
N.Y., Office, 52 Wall St. Feb.20,'99,3ia
F. & A.
Aug.21,'9l*,3i3
do
do
J. & J.
do
do
Jan. 1, 1908
do
J. & J.
do
July 1, 1908
M. & N.
do
do
May 1, 1918
A. & O.
do
do
Apr. 1, 1919
do
J. & J.
do
Jan. 1, 1930
M. & N.
do
do
Nov. 1, 1915
do
J. & D.
do
June 1, 1930
J. & D. N. Y., Mercantile Trust. June 1, 1936
M. & N.! To City of Chicago.
May 1, 1938J. & J.|iN. Y., Mercantile Trust. July 1, 1947
58,000; b, $593,327 (these in tr easury),
Coupo n iuterest M. & N.; reg istered Q.—F.
M.
1
11
139; preferred stock and scrip, $1,386,921. Preferred stock has a prior
right to non-cumulative dividend of 7 per cent but common is never
to receive more than is paid on preferred.
Dividends since '88. ) '89. '90. '91. '92. '93 to '96. '97. '98. '99
Common, P. ct. .. >
None.
2
2 Feb.3ia
Preferred. P. ct
4
4 6^2 ^7 per ann. (3^ F&A.)—
) 3
Bonds.— There are $75,000 Minneapolis Eastern 1st m. guar. 78
due Jan. 1, 1909; $1,500,000 Superior Short Line Ry. bonds are owned.
;
St. Paul & Minneapolis Ist 6s, due 1918, and North Wisconsin
Ist 6s. due 1930, are exchangeable at option of holder at any time,
dollar for dollar, for^consol. 68 of 1880, due 1930. During 1898 $347,000 Chic. St. P. & Minn. Ry. Ists were thus exchanged.— V. 68, p. 521.
Lands.—The land sales in 1898 were 20,238 acres, for $51,661, Including lots; lands undisposed of, 382,411 acres.
Latest Earnings.- From Jan. 1 to May 31 (5 months) gross, $3,735,781 In 1899; $3,110,405 in 1897-8.
Annual Report.— Report for 1898 was In V. 63, p. 521.
Tear ending Dec. 31—
1898.
1897.
1896
Chicago
Gross earnings
$9,590,992
Operating expenses and taxes. 6,091,563
Net earnings
$3,499,429
Net rentals paid
111,523
Net int. on debt (less other inc.) 1,393,852
$8,652,793
5,737,447
$2,915,346
114.626
1,411,470
Div. on pref stock
(7)787,976
(7)787,986
Div. on com. stock
(31^)649,285
(2)370,984
Surplus of RR. Co
$136,621
$230,281
Net from land sales
$58,932
$55,191
-(V. 64, p. 231, 233, 514; V. 66, p. 424, 516,j2c; V. 68,
$8,156,192
5,137.034
$3,019,158
113,946
1,405,353
(7)787,976
(2)370,982
$340,901
$1,662
.
Chicago Terminal Transfer
RR,— 'See
Jfcr/).
p.
129,521.)
-Property.—
Consists of passenger and freight terminals in city of Chicago, line»
of railway leading thereto, and a belt line around the city. Company
owns 760 acres of land in and adjacent to the cHy, of which 50 acres
are in the centre 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.
Miles.
Leased Lines—
Road Owned—
Miles,
Harrison to Madis'n St., Chio.lO'SS Chicago June. Ry. (McCook
to FrankUn Park)
46th St. to South Oak Park.. 5-36
10-54
6-75 Chic. June. Ry. (L. 8. & M.
40th St. to Cem., etc
•14
Western Ave. to Blue Island.15-19
8. Ry. toC. L. 8. &E. Ry..
3-88
Trackage—
Harvey Juno, to Barvey
28-44
E. Chic. Harb. to South Chic.
Clark Jet. to McCook
(B. &0.)
6-60
East Chicago to Whiting.. 3-89
I
I
|
Under Construction—
i
6'75
Franklin Park to Maytair
Harvey to Chicago Heights.. 8-60
I
Tot. length of lines
,
Net earnings
Dividend.
N. N. Y. Office, 52 Wall St.
A15&0
3Jflg.
:
Carmlchael. N. Y.; office 27 Pine St.— (V. 68, p. 722, 976.)
111.,
M.
:
Whom.
Payable
5
5
,
To the balance for 1897-8 add $15,122 div. on P. & Pekln U.
Road controlled by
<tc., and deduct $5,023 for betterments.
Operates from Chicago,
Cent.
1.592,000
139 1870-1 1,000
7
184 1871 100 &C. k 4,038,500
7g.
150,000
7
24 1878
100,000
7
15 1878
200.000
24 1878
7
a 1,007,000
6
71 1882
2,000,000
6
125 1882
7,725,000
6
1,170 1883 $1,000
100
169,000
7
«
1,628,152
6
101 1868 500 &o.
100 50,000,000 See text.
6
736 1877 l,()00&c 12,500,000
5,000,000
7
268 1869 100 &0.
4 g.
3,182 1898 1,000&C 48,581,000
100
18,559,153 3i^Feb99
100
11,259,912 7 in '99.
334,800
7
21 1878 500 &c.
1,000
125,000
12 1878
8
2,564,000
177 1878 500 &o.
6 g.
1,000
6,070,000
607 1879
6g.
1,000
800,000
6
80 1880
1,000
400,000
5
37 1890
1,000 bl3,«32,000
1880
6
....
1,000
394,000
1886
....
5 g650,000
5
"90 1897
1,000
13,000,000
4 g.
the sinking fund Ju nel, 1898, h eld, a, $
81,00 0; !>.,$ 1,143,0 00; k., $202 ,500.
stock,
Thomas
CbU-ago
Outstanding
[Vol. LXIX.
BojwSj— PrmolTNTEREST OR DIVIDENDS.
pal,When Due.
Rate per When Where Payable, and by Stocks— Last
1884 l,000<fec $f5,369,000
1891 l,000&c g 9,819,000
1886 l,000&o 1»18632,000
8,720,000
1897 1,000&0
Ohic. d No. Westerti—f Oon.)—25-yea.T Aehen. .c'&T
N. W. 30-year deben. for $10,000,000.. 0*&r
C.
Ext^'neton 48. $20,000,000 ($20,000 p. ra.)..c&r
Gen'l gold bond, niort., $l«,5,oo'V000.i;«..o*&r
hoiids of I'roprieiary Lines.
Winona * 8t. Peter ^u .uux.^'.i f tmyw Ist) guar,
1st luort. ertene., gold, land grant,8.t.,guar...c-^
Minnesota VaUey Rv. Ist mortgage
Plalnview RR. 1st M. (Eyota to Plainv'w, Minn.)
Amount
-
owned
and leased May 1. 1899.107-0O
owned and lease i, 53-20; sidings and spurs owned and
leased, 100-22. Total length of tracks owned and leased
260-42.
History.— A reorganization in June, 1897, of Chicago & Northern
Pacific and Chicago & Calumet Terminal, plan V. 64, p. s88, 898.
Fixed charges were reduced from $1,794,960 to $561,840.
Tenants.- Bait. & Ohio, Chic. Great Western, Wisconsin Central,
Chicago Hammond & Western, Suburban RR. Co. of Chicago.
In 1898 99 the St. Louis Peoria & Northern Ky. Co. contracted to
become a tenant under a 99-year lease, which was assumed by the syndicate acquiring control of the Chicago & Alton and th^ rental modified to $96,000 per annum from Jan. 1. 1900, to Dec. 1903, in equal
monthly in-'talments in advance, $105,600 to Pecember, 909, and
$150,000 per annum thereafter in addition to proportion of taxes and
cost of maintenance.— V. 68, p. 1225.
Securities.— -Stocfc-The $17,000,000 pref. is entitled to preference
to the $13,000,000 common in liquidation, and to non-cum. divldenda
at 4 p. c. per annum before any dividends are paid on common after
4 p. c. has been paid on common stock the preferred stock shares pro
rata with common in any additional distribution of earnings for that
year. Bonds— Ot the $16,500,000 Ist 4s, $1,305,000 are reserved to retire the $1,044,000 assumed bonds; $1,905,000 for new property a»
provided in the mortgage and $290,000 are held in the treasury.
Latest Earnings— 11 mos. ) 1898-9. Gross, $1,101,799; net, $675,564
89-72
Total
2d track
;
July 1 to
May
31.
1,022,194; net, 683,366
5 1897-8.Gros8,
for year ending June 30, 1898, given at length in
net, after deducting taxes,
V. 67, p 903, shows gross, $1.119,261
$663,756; Interest, $562,157; bal., sur., $101,599. In 1896-7, gross,
$1,068,853; net. $678,432.
Officers.— Pres., Edward D. Adams, N. Y.; Vice-President, John
N. Falthorn; Secretary, George P. Butler. Mills Building, N. Y.— V.
67, p. 839, 843, 897, 903, 954; V. 68, p. 976, l'.i25; V. 69, p. 26.
Report.— Report
;
Chicago
Ac
IVestern Indiana
RR.—Owns
a valuable terminal
system of roads affording entrance into Chicago to the roads named
below. Its lines extend from Dearborn Station, Polk Street, Chicago,
to Dolton, 17 miles, also to Indiana State Line, 10 miles, to
Oagin. 16 miles, and to South Chicago, 5 miles total, 48 miles; total
track, including 2d, 3d, 4th tracks and sidings, 217 miles also owns
860 acres of real estate, passenger and freight yards, warehouses,
elevators, etc. The Belt Ry. of Chicago leases and operates 99 miles of
;
;
July,
KAILROAD STOCKS IlNU BONDH.
1899.J
Wllmette
.-.fo'Hyy'^M::!!
i:
5 Jl
4S
i
CHICAGO TERMINAL TRANSFER
PROPERTY OF HAILROAD
5~l
.f_i
'fi'i
R. R.
SHOAIMi
MAfJ
M
m
*
THE
BUSINESS CENTER OF CHICAGO
Morton Grove
,HANO CENTRAL
»Ag«; gTATiniii
^logers
^y
czl
Clff/LIUI
PACIFIC
Rose
Edgewdter
Anderson I
^rgyle Park
Dunning
1=^
R.
R-!
layfair
Ravenswjood
Jrving
—
i
—
^gw«i»«J
I
—
r-counT --.Tte.'m^n
,\
I
it.
K.
i'
-S
ft,
[
JSragin
VST.
—
'^f 'rTiL
<
^=fc=l=fek:
G
BY.
p.
—~-5;—
,?
.
*»
S ^
[J^
A
N
^
-^
f
.
«
^"
-
1
•
GRAND CENTRAL
'PASS. STA.
«
to
*r
St.
V
V
o
Jrighton
V^43rd
Union
Stock
~5ai;field Bvd.
Summit
happen
Dole &
i^~N
Chicago
Shepard
Union,
59th
63rd
St.
.ISoutli
Park
%
Englewoo
St;
[
^
ladison Park
o
61st St.
St.
^Kenwood
Yard
oodlawn
ocl
Bropkdale
ParksideV
^"^^.•^
69th St.F
^Transfer
Co. !^
^*y
"
•x^
\
Windsor Park
Stlckney
Seaneld
?_JUL
<
-r
>4r£ /n«MAt(«
;i2tb
)
U
3£
.^adiaon Stl
jCo\ov»4o
Cot
T.
I'D
V
1
nciOzriLDai:^^ JO b
P|k.
'
'
(
IP
VHermosa
s^^^
Siding
I
a S ^
li
Oa^e''
j_.A'^._,
1
'^^3Uf
3
)
^GraHand
^Mt.Clafe^
ll
i
— ctABK-;^:
-;
-amuraiM-^
'
O
akley Av.
O
X
Cheltenham
f-H^dtV'noore
Squth Chicago
Willow Springs
.Wilsons
•Slst ASt.
k\^
1
A
jLongwood
'*'o\xl^9th|st\^/
^^
Chicago Ridge
107th
Morgan
rortli.
3t.
A^
JTrady
w.a.3r.^Pvllman
^Whiting
119th S.
Standard Oil Co.
Hanson
Pk
IWlretin
.
f-
iBlu^J^and
lArNSPER'
Bremen
MAP OF THE
CHICAGO TERMINAL TRANSFEU
RAILROAD
AND CONNECTIONS.
^Robys>
sSheffleld
:'k.
Mount E( pe^
Wlreton Fk
^
<Colehour
44
UN VESTORS'
SUPPLEMKNT.
[Vol.
LXIX.
July,
STOCKS AND BONDS.
RAILKOAl)
1899.J
l.'V
Sabacrlberti will coufer a sreat favor by giving:
—
RAILROADS.
—
i
Immediate notice of any error dlacovered In theae Tablea.
iBorvd*— Prlnol
rNTEREST OR DrVTDElTOS.
Date Size, or
-pal. When Due.
Amount •d„»„
Mllee
of
Par
For explanation of column headings, &o.. see notes! ot
on llrst page of tables.
Road. Bonds Value.
,,„_
Outstanding
Wljen Where Payable, and by
Payable
Whom.
(fgnf
'
8loekt—lA»t
Dl\'1den(l.
I
Weslern Iiidiana—Stoek (see text)
c*
l9t inert., gold, sink, fuud, subject call at 105.
c"
General mort., Kold, sinking fund, see text
Chicago <t West Jfic/iij/aji— Stock (in tru.xt $G3,600).
Marquette
RR.
Bonds, soe Detroit & Pere
Choclaw dt Mempli is— Pre^r. stock 6%, $1,750,000..
Chicago
<£
1879
48
48
1,000
1,000
82-02
100
i
283
1899
100
l.v 00.000
3,999,700
440.000
4,182,000
252,000
8,000,000
1,000,000
742,100
6,257.900
996,000
1,734,000
2,000,000
3,000,000
3,500,000
1,800,000
See text.
993,000
200,000
1,500,000
3,000,000
"i'do
493,6J-8
1,5(56,000
l.OOO
50
272
272
42
1894
1894
1881
1,000
1,000
1,000
'
iluskingumral. RK.—UtU.$2.000,000,g.Fo*\
Oincitmati Xeic Orleans dt Texas Pacific Stock
Car trusts. June 30, 1898
Cincinnati Fortsmouih <t Virginia — Common stock
Preferred stock, non-cumulative (see text)
cAr*
1st mortgage. $.500,000, gold, red. at 105
Cin. Richmotui dt Ft. IT.— Ist mort., gold. Int. gu.c*
—
Cin. Saginaw <f yfack.-lat M., $2,000,000, gold..c'
OUarjieldit: Mahoning— lat M., g., gu. B.R.A P.c*Ar
100
100
100
60
60
69
60
164
99
99
38
148
336
107
107
108
86
53
26
I
1875
1875
1887
1892
1891
1873
1893
iiooo
1,000
1,000
1,000
1,000
,
!
1886
1898
>00
1,000
1,
i',do6
1,000
100
1895
1871
1890
1893
;
new common,
dollar for dollar.
Latest Earnings.— From Jan.
5 months.
Gross.
May
1 to
Net.
31 (5 months)
Int., rent., itc.
Balance.
sur. $3,:^3l
$177,379
$174,078
$858,899
1899
172,946
719,714
149,755
def. 23,191
1898
Report for 1898 In V. 68, p. 924 Gross, $1,983,350; net, $435,173;
other Income, $5,768; charges, $420,169; surplus, $20,772. (V. 68,
376, 1225.)
Chlcasro AVi.i^conMln
RK.—
Under the Wisconsin
<k minncHota
Central Co. reorganization plan of April, 189y, all the securities will
be purchased for cash as follows: Each $1,000 of $2,860,000 1st M.
6s, $1,100 and interest; of $1,040,000 Income 58, $925 and interest; improvement 8 p. c. notes, $240,000, par and accrued interest; .stock, per
$100 share preferred, $78 common, each $100 share, $18. V. 67, p.
1356.
Chihuahua ic Pacific
In course of construction from Chi
tauahua, Mexico, to Guerrero. 12^ miles, to bo completed by fall of
1899. tn May. 1899, grading had been completed for 105 miles and
37 miles of track laid from Chihuahua te Santd Isabel. The company
has a Government concession and the line is proiected to tlie Pacific
Coast. Stock is $2,500,000, all issued. No bonds issued to April, 1899.
;
RR.—
— (V.
66, p. 573.)
<'taoctaw
Ac
[Tlemphln RR.—^,9ee
JIfap.;— Little Rook, Ark., to
Mississippi River, opposite Memphis, 133 miles. Extension, Lit tie Rock
westerly ISO miles, to connection with Choctaw Oklalioma A Gulf at
Howe, ind. Ter.. will be completed in 1899, making 283 miles owned.
In July, 1S9M, Howe, Ind. Ter., east to MansUeld, 24 miles, reported to
be <;ompli-t<;d.
Or';aniz\tion and Lease.— Incorporated Sept. 15, 1898, as sue
cesser of the Lit. Kk. A .Mem., foreclosed Oct. 25, 1898. Leased for 95
years to C. O. A G. for a rlivislon of through business on a mileage prorate sufficient to guarantee Intere.xt on pref. stock, 2 per cent for first
year of operation, 3 p. c. for second year and 4 p. c. for third year and
thereafter. After payment of b- per cent on preferred, one-half o f net
earnings to go to C. O. A G., the other half l)elng available for dividends on $1,750,000 common stock. V. 67, p 126,529.
SKCijRiTrES.— .Stock. $1.7.50.000 ($6,250 p. m. )each of common and 6
per cent prcferreii. First mortgaife, $3,750,000, of which $l,'<i()0,0<>0 to
acquire Mttlo Kook A .Mcmphi-*. and b.-ilanoe, $2,550,000, sold In
8epteml)er, 1898, to ext<;nd the road from Little Kock westerly 140
miles to State line, to connect with Choctaw Oklahoma A Gulf, a^ extended, 1:5 miles. As to guaranty, etc., see aliove. (V. 6S, p. 231.)
<;hocta\v Oklahoma Ac <>nir KR.— r.Vet; Jfap.; -WIsier, Indian
Territory via South .McAlester and Oklahoma City, to Fort Reno, 222
mine tiriinches, 4 in.; total, 22(i in.
Extension, 6 miles, vVlster to Hr>w«. on K. C. Pitts. A O., operated
from .-)ept., 18".H. ami one from Fort rt<iiio. rho ^e'ttera terminus, to
miles; coal
Weatherford. 47 mihrs. late in 1S98. (V. tW, p. 126.)
HfSTORy. — A reorganization of the C'hoctaw f'oal A Railway Co., sold
in foreclosure Sept. 9, 1894. Holds valnaiile coal leases.
The Choctaw A Memphis will be extended in 189S-99 to form, with
this comi)iiny's road, a system 500 miles In length, reaching from cenhe, C A .^L is leased for O.'i years
tral Oklalioma to Memphis, Tenn.
and Interest on ita securities will lie practically guaranteed, but no ohligatlou will arise until completion ancl equipment of the road. See
Choctaw A .Memphis above anrl V. 67, p. 52tf.
8TOCK.—<,"ommon. $3,750,000; preferred, 5 per ct. (cnmnlatlve after
Nov. 1, 1897). $1,000,000; outstanding, .$3,999,700; par. $50. As to
1
preferred shares see V. 62,
p. .588,
77», 821, H68-(V. 64, p. 134.)
Chicago.
& Co.
N. Y., J. P.Morgan
do
See
Julyl,'09,l«a<
Nov.
do
1919
1,
Deo. 1, 1932
Feb. 15, 1893
text.
2,3,4
5 g. J. A J. I'hiladolpliia and N. Y. Jan. 1, 1049
5 in 1898 A.AO^?/ Pblla., ()f.,(}lrard Bldg. A|ir.2!>,'n9.2««
do
6 g. A. A O.
no
Oct. 1, 1919
S g. J.
.1.
do
do
Oct. 1, 1919
A. A O. N. v.. Central Truht Co. Apr. 1, 1901
6
Cincinnati.
*
i
4 In 1898
4 in 1 898
5 in 1898
— F.
7
5&6
4>«g.
5
5
I
5
do
do
do
Q.-J.
~.— M.
g.
g.
M.
«.
J.
J.
A
A
A
A
A
A
A
1905
1905
do
do
J.
Jan.
1937
D. N.Y.,Bla!rACo.,33Wall June
1943
N. N. Y. ,Ke88lerAf ;(>54 WaU May
1941
J. N.Y.,Ke8RlerACo54Wall Jan.
1903
D. Treas.,olllce, CIncin., O
June, 1943
A
A
A. N.Y.,Parm. L. ATr.Co.
O. N.Y.,Ke88ler4Co,54Wall
do
do
O.
5
J.
4g.
P.
6
Various
J.
J.
J.
J.
J.
July. '99, 1
June,'99, 1
Aiig.8'99,li4%
J. CTlnn.,
A
A
A
A
A
Oct.
Oct.
Cen.Tr.AS.D.Co.
1,
1,
1.
1,
1,
1,
1916
1948
Oct. 19, 1891
To Sept., 1903
Jan.,
Aug.
1,
Cincinnati, Ohio.
J.
Aug. 1, '99, 2%
D. Inve8tm'tTr.Co.,Phlla. June 1, 1925
D. N. Y.,Winslow, L. ACo. June 1, 1921
J. New York and London. Jan. 1, 1920
J. N.Y.. Guaranty Tr. Co. Jan. 1. 1943
I
Voting Trdst.— In March, 1899, a majoritv of lioth common and
preferred shares had been deposited with Eilingham B. Morris. William II. Jenks, Cliailes E. Ingersoll, George II. Colkot and Samuel
Dickson as voting trustees, until July 1, 1904, thus absolutely guaranteeing control for five years.— V. 68, p. 427.
Dividend.— On pref In 1898, 5 p. c; in 1899, April, 2^ p. c.
Bonds.—The prior lien 6s are redeemame at 105 after 0( t. 1, 1899,
See adv. Chronici-b, Sept. 22, 1894. Sutflcient general 5s are reserved to retire prior lien bonds and in July, 1896, $1,500,000 (including $1,200,000 surrendered under plan of March, 1896,) were held
for future additions, etc. In 1899 holders of the prior lien Os were
oftered an exchange for general 58 in this way the Os have been reduced from $1,000,000 to amount shown in table above. V^. 68, p. 231.
Latest Earns.— 7 mos., 5 1898-9.. Gross, $1,114,258; net, $420,206
Nov. 1 to May 31.
959,548; net, 356,267
( 1897-8.. Gross,
Report.—Year ends Oct. 31. Report for 1896-7 was in V. 68, p. 126.
Tears end.
Gross
Gross of
Net
Interest
Balance,
for year.
mining.
Oct. 31
of railroad.
of both, and taxes.
1898
.$567,398
.$597,791
$242,208
$1,067,534
$355,583
1897
719,616
511,728
393,304
225,974 sur.167,330
Coal output in 1890-7 was 386,369 tons against 361.110 tons In
1895-6. Pres., Francis I. Gowen, Philadelphia.- (V.68, p.l 26, 231, 427.)
Portamonth.—Cincinnati, southCincinnati Georgetown
easterly to Georgetown, 42 mUes. Extension to West Union, O., 2 3
miles, projected, and expected to be resumed in May, 1899.
Stock, $100,000; 1st mortgagee per cents. $1,000 each, due April,
1901, $252,000 For year ending June 30, 1898, gross, $63,317; net,
$10,134, applied to new 60-lb. steel rails with consent of bondholdeis. In 1896-7, gross, $59,7^53; net, $4,578.
Dayton H.y.—{See .Ifap.)- Operates a
Cincinnati Hamilton
direct Une between Cincinnati and Toledo, Ohio, with branches to
Indianapolis, Ind., and Ironton, on the Norfolk A Western, etc.
:
;
&
&
Road 0!C«ed— (H See this Oo.)Miles.
:
p.
6g. M. A N.
6g. Q.— M.
I
594,000 4 in 1899
400,000
5 g.
1,800,000
7 g.
1,729,000
5 g.
650,000
5 g.
1,000
1,000
1,000
1,000
the 217 miles owned by the Ch. A W. I., its securities being all held by
the companies leasing the (Chicago & W. I.; see V. 60, p. 1056.
Le.\ses.—This company's road and terminals are leased under perSjtual contracts to the W abash, the Chic. A Grand Trunk, the Chicago A
astern Illinois, the Cliloago & Erie and the Cliicago Indianapolis A
Louisville, each of which tiVe companies owns $1,000,000 stock. They
are also lea.'^ed to the Atchison, the Elgin Joliet & Eastern and the Belt
Railway. The annual rentals must always exceed by at least 20 per
cent the interest on the bonds outstanding.
18991897.
1898
1896.
Dividends.— ) 1892-94. 1895.
Below.
6
6
6 yearly.
6
Per cent.
7^
s
In 1899, Jan., l>-3 p. c. April, l^a p. c; July, 1^2 p. c.
Bonds.— Stnkingfundpayment8(amountingin year 1897 to $172,000)
annually retire a portion of the llrst mortgage bonds at 105 and interest, and after they are all drawn the general mortgage bonds become
aubject to same sinking fund and will be drawn at same price in such
annual amounts as will retire the debt at or before maturity. In .lune,
1899, $14,368,000 general 6s had been issued, of which $2,500,000
were reserved to retire llrsts and $1,999,333 canceled.
AXNtr.VL Report— Fiscal year ends Dec. 31. Report for 1898 was in
V. 68, p. 1178, showing gross income, .$945,433; iuterest, etc., $656,869; dividends, $300,000; bal., deticit, $11,436. (V. 68, p. 379, 1178.)
Ctalcaso Sc Weat ITIlchlsran Ry.— In July, 1899. consolidation
with Detroit Grand Rapids & Western and the Flint A Pere Marquette
was pending, under title of Detroit A: Pere Marquette RR., which see.
The plan has been declared operative. It was given in V. 68, p. 1024.
The Chic. A West Mich, stock ($7,512,800) will receive in exchange
Q.—J.
6
50 N'neJ'ne'09
c.tr
Ist mort .!f3,750,000, int. guar., irold.liP
Choctaio Oklah. <£ Gitlf KK.~Piot. stk. 5 p. o. cum.
Prior lien, g., subj. to call at 105 aft. Oct. I,'b9.c'|
c*
General niortvage, $5,500,000, gold
Cin. Georgei'nd: yorlsni. — 1st mort., $500,000...
Cineinntili Hamilton <t Dayton— Common stock
Pref. stock, A & B, 4 p.c. cum., guar, (call at par)
"Eagle" 4 p.c. cum., guar, (call at jiar)
do
New preferred 5 per cent non-cum., $8,000,000..
Consolidated mort. (now Ist) $& *, sink, fund.c*
do
$394,000 are 5 p. CO*,
do
o*
Second mortgage, gold
$7,R00,000,
I»Ie.o*
gold
General mortgage,
o"
guar,
(assumed.
Cin. Day. & Iroii., 1st M., gold,
Cin. Haniiiton d indin»i(i».— Ist M., guar. p. <& 1...J
General mort. for $3,800,000, gold, to be guar...
Cincinnati Lebanon <t Xorthern— Stock $1,000,0001
o
Ist niorttfaije
Cin.dt
$5,000,000
783,000
9,86H,666
7,512,800
Cincinnati to Dayton,
60
Cincinnati Dayton & Ironton.. 164
143
Cin. Dayton A Chicago, etc
Roads controlled—
MUes.
Cincinnati Hamilton A Ind...1I 99
Cincinnati A Dayton
13
20
Total of all
Trackage
641
Owns jointly with Big Four DayRoads leased—
Dayton & Michigan
11142 ton A Union.
History, Etc.— Main line opened in 1851. Leased lines added at
various times since. In .July, 1895, consolidated with the Cin. Dayton
Ironton and Cin. D. A Chicago underthenameof Cin. Ham. A Dayton
Indiana Decatur A Western
Railicay. V. 60, p. 1104; V. 61, p. 68.
V. 61, p. 1064.
is operated in connection with the C. H. A D. system.
Stock.— Capital stock is common, $8,0O0,00o. i>referred 5 p. c. noncumulative, $8,000,000. New preferred is entitled to 5 per cent, then
common to 5 per cent; then both share equally.
Dividends since consolidation—
1895.
1896 to Aug., 1899.
Now preferred, issued in 1895.
l^i%
5% yearly (q-F.)
Bonds.—The general mortgage is for $7,800,000, of which $4,800,000
reserved to retire the prior liens at maturity; the prior bonds must not
be extended. The mortgage covers the perpetual lease of the Diiytnn A
Michigan, the profits under which are large. V. 54, p. 799; V. 55, p. 373.
&
Guaranties. — Guarantees securities of Cin. Hamilton A Ind. and
Dayion A Michigan. As to control of Cin. N. O. A T. P. sec that Co.
Gross, $2,725,389; net, $836,396
1898
Gross, 2,473,718; not, 734,375
1897
Report.— Fiscal year ends June 30. Report in V. 67, p. 1305, showed
H.il.. »ur.
OrfMW.
N't.
Y'ar.
U.AM. rent. IntrrM. Dii-iifiuls.
E.UiNiN(JS.— 6 months,
July 1 to Dec. 31.
<
<
:
1897-S....|H,M0M,5(W
$;U7..<il7
I1.4S7.216
JWl.S.ll
IITIO,.'^
»7-,Mi.'7
lH9tt-7 ....
4,rtV!7,;i.').S
l,a!"H.lt70
:U7,l'-8
710,.^)
:(HI,Otl
(lef.lV.m
18ll.'.-t).
6,UT.502
l.«()7.717
yl7,l«H
710,6.>7
:<(t2.01-'
•»ur.«7».0IO
.
.
.
(V. 64. p. 82; V. 66, p.
808
i'liirlnnull lliinillton
A'
1043; V. 67, p. 319, 10O2. 1305.)
liMlliiiiapollH ^ y.—'.'irr .Mu/t C.
If.
Com
O.;— Owns
Ilniiiilton, Ohio, to liicllii!i:ipolis, Ind.. 99 miles.
iiion stock (.$2,500,000) is all owned liy Cliiciiinutl Iliiiiiilton a- Davtoii.
Is
stock
I'ref.
$281,679. Year 1>^97 9S. gross, $747,210; net, $93,372;
interest, $126,000; balance, delli It for yi>ar, $:i2,62S.
dt
i'lnciiiliiill A .nilMkiiiuiini \ iiltey Hit,— f See maitof I'illitbnrg
Trlnway, O..
Ovnrinndli Uhicago it .N/. l,i>ii is. j—Owi IS M(. rrow.Olilo, to 148 miles. Controlled liy Penii. RR. Co. Year 1UU7, gross, $446,458:
net,
$38.813.-V. 67,
p. 90().
Pncllh' R).— Ho
n ml n nut Ne«v OrlcaiiH & Tpxao
Cincinnati
ates Cincinnati Southern
\i>.— OperClnittaiiodiia. Tonn.,
by cilv of ClnolDiiati.
I
liy
,
to
Lease Cinolniiati Honiliern IIU owned
in.
Rental now, $1,10^,000; from Oct. 12. 1901 to UMiO, $l.V62,()OOyearly
S. M. Felton is receiver and rcorirani/atlun peniliiiK'
Latest Earninos-H mos. S 1H98 O.CJross, $-»,290.7U: net, $1,466,794
3,717,071; not. 1,250,352
July 1 to .May 31.
^ 1H97-H. Gross,
Anni;ai, Uei-okt. — lUqiort for lHf47 8 was In V. 07, p. !t49, 950,show(JroHs, $-1,128, Uh; net. $l,3Hi).t'."i2 (R«nlnst *i hit :( •-, m 1H96Init:
336
97i: rentals, etc.. $1,1 15,.|0»: bulaiK-e, HurpliKi.
plus $5,»;-(3 in 1K!m; !»7 ami dellcll $2.<,I74 in 1
('ineliiHHll
I'orlKmoiith A
n»t mir-
!*
•<
% irKliilii it
p,
'
IC— owns
wild, O., fo neiotovllle, 107 miles; tr»<ka»(e (OIn. I.eltaiion
trom
A
976.
Idle
Nor. lo
46
LNYESTOES' SUPPLEMEJST.
[Vol. LXIX.
July,
1899.
|
RAILROAD STOCKS AND liONDS
47
—
—
.
.
,
USVESTOKS' SUPPLEMENT.
48
[Vol. LXIX.
Sabscrtbers ^rlU confer a ereat ftivor by giving Immediate notice of any error discovered In tbese
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount Rate per When Where Payable, and by
Par
of
of
notes
<fec.,
see
For explanation of ooluuin headings,
Outstanding
Cent.
Payable
Whom.
Road, Bonds Value.
on tlrst page of tables.
—
Akron rf Oolumbus. Stock
General mort. mow ist.) for $1,800,000 gold ...o
Eauin. Trust & 2d HE g.. called for Aug. 1 lOOO.o*
1st consol. niort., $4,000,000, gold. See text
-Cleveland Cincinnnti Chicago & St. Louis—
'O^eveland
,
.
Common stock ($28,700,000 authorized)
Preferred stock, 5 per cent, non-cumulative
C.
I.
&
St. L.
C. con.
M.,drawn at 105, s.f.
1 p. o.c"
175
s.f.
^fc
100
$4,000,000
1,800,000
1887 $500,&C
730.000
1,000
1890
1,000 As collateral
1893
100
100
I
uotdr'n..c*r
Ind. Consol. mort. (see text)...
Cleve. Col. Ciu.
Ar
Gen. consol. mort, ($12,000,000) gold
Indian & St. L. Istmort., In 3 ser. of $667,000.0.
Gen. iPtM.. $10,000,000 gold,
177
177
C
391
391
72
72
62
45
45
267
194
203
2d M.($2,000,000),gold, Indianaii. toTerreH c.
Cl.Cln.Ch.ifeSt.L., White Water Val. Div, l8t,g...o"
Columbus Springtleld & Cincinnati Ist Mort
epring. & Col. Div. (Col. Sp. & Cin.), Ist M.,g.o*
«airo Division Ist Mort, $5,000,000, gold...c'
Bt. h. Div.. coll. trust, g. ($351 ,000 in s. f).c&r
o"
Cln. Wab. AMich. Div. 1st mortgage, gold
o'&r 1,808
•Gen. mort. 100 year for $50,000,000 g
—
Obligations for Proprietary Lines.
Cincinnati Lafayette <& Cliicago,lst mort., gold.c
Cincinnati Sandusky & Cleveland— Pref. stock.
c
Consol. inow Ist) M. ($3,000,000) gold
Cincinnati <fe Spring.— 1st m., p.& i.gu. See text.c
56
1
i
;
1871
1,000
50
2d mortgage. Big Four owns $526,000 more..c
lA)ulsv.
&
Jeirer.sonv.
Bridge Ist
170
48
48
1888
1871
1872
1,000
1,000
1,000
192
192
1893
1896
1,000
1,000
i25
103
1888 1,000&C
1895
1,000
M.— See that Co.
OUvelatui Lorain dt ITAee/.—Pref. stock $5,000,000.
Cl.Lor.& W.Ry., 1st M., (now Ist) $5,000,000, g.c'
o
General mortgage, $1,000,000, gold, N
Car trusts (due $5,000 monthly) June 30. 1898..
Oi«». <« 3fa/i. FcU.— Con.M. (now lst)$3,000,000,g.c&r
QUv. <t Ifar.— Ist M., s. f., not drw., gold, guar. ..c*
100
Clnoiuuati), 4 miles; total. 111 miles. Preferred in Jan.. 1896, paid 3
c.
p. c; July, le96. 2p.o.;1897.4p. c; 1898, 3 p. c; 189c>, Jan..2p.
Earmsgs.— For year 1997-3. gro-os, $270,384 net, $47,721 taxes,
$8,150; int ,$17,456; div.. $17,820; bal., surplus, $4,295. la 1896-7,
gross, $iJ58.652; net, $34,850.-V. 63, p. 791; V. 64, p. 1180.
;
;
RR. ) See Supplement
^^^^•
Mackinaw RR.
^ ^^ ^P^'
Clnilanatl RI<limond& Fort \*^ayne
<'Iii(innatl
Clearfield
Saginaw
A:
A:
UlaUonlug Ry.— See Bdff. Roch. & Pitts.
A: Columbus Railway.— Owns from Hud-
C'levelaMd|.\kron
Columbus, O., 144 miles: Dresden branch, Kilbuck to Triumiles; coal spurs, 14 miles; total owned, 191 miles; trackage
to Cleveland, 26 miles, and Trinway to Zanesville, 16 miles.
$2,On June 1, 1899, Pcnn. RR. Co. took control, haviui purchased net'
237 500 of the *4.000,000 stock. In 1897-8, gross. $864,002;
$246,210; interest, rentiils, etc.. ?203,160; balancelor year, $41,050,
In IS^'O sold to Wheel<'leveland Canton Sc Soutborn
in» & Lake Erie. On Juno 30, 1898, there were outstanding $368,628
equipment trust and $iOa,500 real estate mortga<es.
Gross, $645,242; net, $82,973
Earnings.— 11 mouths, ) 1898-99
Gross, 627,512; net, 120,042
51897-98
July 1 to May 31.
For 1897 98 gvcss $692,231; net, $131,849. V. 68. p. 670, 1027.
St. Louis Viy,—(SeeM.ap.)—
Cleveland Cincinnati Cliicago
Operates an extensive system of roads radiating from Indianapolis,
Ind., westerly to Chicago, Peoria, Cairo, 111., St. Louis, and easterly to Sandusky, Cleveland, Columbus and Cincinnati, Ohio, and
southerly to Louisville, with branches. As shown on map the system
comprises: H See this company.
Miles.
Leased and controlled.
Miles.
OiBTied directly—
Cleveland, 0.,to Columbus, O.. 138 Cincinnati & Springtleld Ry.—
Lud.G've(6m.fr.Cin.)toDay'n
203
48
Gallon. O., to Indianapolis
50 Colum. Hope&Greensb'gRR.- 26
Delaware to Springfield
Trackage
into
Cincinnati,
32
175
&o.
Cincinnati to Lafayette
72
Indianapolis to Terre Haute
Total included in earns.. .1,838
7
Harrison Branch
Operated; earns, kept separate—
Leased entire stock owned
352
Cinctn. Lafayette & Ohio. Ry.— 57 Peoria & East'n Ry. (TT).—
Kankakee & Seneca RR.—
42
Cairo Vlncennes & Chic. Ry.—
2
Cairo, III. to Tllton & branch 267 Mt. Gilead Short Line
St. Lou. Div. T. H. to E. St. L.193
Total of system June 30,'98.2,234
Columbus Springtleld & Cin.—
Columbus, O., to Springfield.. 45 Trackage 0\. Cent, into Chic. . ) =/,
Ou pb.oeutage basis
White Water— Harrison, Ind., to
$
62 Trackage into Jeffersouville. } eq
HagerstowTi, Ind
son
O.. to
wav 33
Hudson
RR.—
&
I
—
—
—
.
,
Wabash &. Michigan Ry.—
Benton Harb. to Rushv. & Br.249
44
Other lines (at
dncin. Sandusky & Cleve. Ry.—
Oln.
B&O.S.W
^"^
S
Operates independently
Dayton & Un. RR.
(H)
Double track
a No debt, or bonds
47
60
all owned.
8and'8ky,O.,toDayt'n,O.etc.l70
also one-fourth owner of the Peoria & Pekin Union
Ry., one-seventh owner in the Terminal Railroad Association of St.
Louis and two-fifths owner of the Indianapolis Union Railway and
partial owner of Dayton & Union, which is operated independently.
History, Etc.— a consolidation of the Cincinnati Indianapolis St
Louis & Chicago Railway Company, the Cleveland Columbus Clnoinnati <fe Indianapolis Railway Company and the Indianapolis & St. Louie
Railway Company, made in July, 1889, per plan in V. 48, p. 427. It
Is one of the so-called Vanderbilt roads. The St. Louis Alton & Terre
Haute main line and branch were purchased in 1890 for $10,000,000 4s.
In 18S9 acquired the entire stock of the Cairo Vlncennes & Chicago
and In 1890 leased the Peoria & Eastern (which see).
Cahtal Stock.- According to Ohio statutes company has privilege
of retiring preferred stock at par. On Jan. 1, 1890, the common stock
was $20,.^00,000 it has been increased to present figure to acquire
stocks of lines absorbed, etc.
'94-'96.
'91.
'92.
'93.
'97.
1890.
'98.
Dividends—
3
3
none
3
none none
> 4 p. c.
Common
2^
5 From 1890 to 1896, iiiol.. 5%.
5
Preferred
On preferred, in 189H, Jan., 1"4 p. c April, II4 p. o.; July, II4 p. c.
provision
of
the
Cleveland
Oolumbus OinBONDS.-T: e sinking fund
txnnati it Indianapolis consol. bonds (stamped) has been canceled. The
in
l)onds
is
payable
gold,
but
the
interest
is payable
principal of these
at option of holdereitlier in lawful money at 7 per cent per annum or
The company Is
;
;
)n British sterling at 6 p. c.
Of the Indianfipolis d St. ioui* first mortgage bonds series "A" are
" B," M. & 8.; series " C," M. & N.
J. & J.; series
St. Louis Division botuls, see deed of trust V. 52, p. 42-45.
a's to the Cincinnati Wabash <£ Mich. 4 per cents, see V. 52, p. 718.
The 100 year mortgage of 1893 is limited to $50,000,000, of which
S29. 252,000 were reserved to retire at maturity bonds outstanding on
the various lines (exclusive of Cairo division, Peoria division, Michigan
division and the St. Louis division west of Terre Haute); of the balance, $.'^, 000.000 were autliorized to be sold at once tor doul,le track,
equipment, etc., and the remaining $15,748,000 were issuable after
July 1. 189 « ) for new construction, etc., at the rate of $1,000,000 a
vear; .$3,000,000 were so issued iu years |189.'>-98. V. 64. p. 1224.
Vnion Trust Co. ol Imlianapolis is trustee. On July 1, 1898, $8,574;-
6
g.
5g.
4
(See text.)
!
.
Oct.
M.
27,987,835
10,000,000 5 in 1898
703,000
6
7,685,000
4 g.
4,138,000 7 or 6 g.
3,205,000
««•
2,0»0,000
500,000
6g.
650.000
^«78,000
1,103,730
4
5,000.000
4
4
10,000,000
4,000,000
4
1,000
1880
1886 l.OOO&c
1,000
1874
1,000
1884
1869
1,000
1,000
1882
1,000
1890
1,000
1871
1890 iSOO &0.
1,000
1890
1890 l,000&o
1,000
1891
1,000
1893
I
Tables.
ifowds— Prlnc! •
pal,When Dae.
Slocks— ijaaX
Dividend.
F.
J.
&
&
&
Hamilton Tr., Bk'lyn, Mch.
A.
do &80B'way,N. Y, Aug.
S.
Deo.
D.
& A. N.Y.,J. P. Morgan&Co. Aug..'93. lifl%
J'ly 20*99,1 J4X
do
do
Q.-J.
M. & N.
do
May 1, 1920
do
P.
Q.-F.
& D.
& J.
Various
M. & N,
J. & J
M. & 8.
M. & 8.
J. & J.
M. & N.
J. & J.
J. & D.
M. & 8
M. & N,
& J
& O
& J
J.
J.
792,000
428,997
2,571,000
2,000,000
125,000
7
5,000,000
5,000,000
5g. A. & O
.
%'
400,000
325,724
2,935,000
1,250,000
5
g.
4I2
g.
1892
1927
1930
1943
3,
1,
1,
1,
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N. Y., Blair 33
1936
1914
1934
1919
1912
1940
1901
1940
1939
1990
1991
1993
Sept. 1
1901
May
,
3%
1, '99,
Jan. 1, 1928
Apr. 1, 1901
Jan. 1, 1902
WaU St
do
do
do
do
1,
1,
Jan. 1,
July 1,
Nov. 1,
July 1,
Sept. 1,
Sept. 1,
Jan. 1,
Nov. 1,
July 1,
June 1,
Aug.
June
Oct., '96, 1%
Oct. 1, 1933
Junel, 1936
& D
M'thly to 1902
& J
See text N. Y. Winelo w,Lan. &Co. Jan. 1, 1938
M. & N. N. Y.,Farm. L. & T. Co. May 1, 1936
J.
J.
,
the.se bonds had been Issued, but $1,000,000 was held in
treasury, and in July, 1899. $3,000,000 more were issuable, against
$3,000,000 of 7s paid May 1.
The Cincinnati dt Springfield firsts are guaranteed, $1,000,000 of
them by C. C. C. & Ind. (now consolidated with CI. Cin. Ch. & St. L.)
and $1,000,000 by the Lake Shore & Mich. 80.
General Finances.— On July 1, 1898, bills payable only $3,425;
there were $234,300 equipment notes, payable in monthly instalments,
$78.1<iO becoming due in 1898-99. Guarantees interest on Louisville
<fe Jeffersouville bridge bonds
lointlywith the Ches. * O. The Cleve.
Col. Cin. & Indianapolis 1st sinking sund 7s were paid at maturity on
May 1, 1899. V. 68, p. 822.
Traffic— In calendar year 1895 carried 8.848,275 tons, of whioli
bituminous coal furnished 20 p. c, grain 12 p. c. and lumber 11 p. 0.
000 of
Latest Earnings.— From July
11 mos.—
1898-9
1897-8
Oross.
$13,365,121
13,110,879
1 to
May
31
(1
Net.
$3,712,310
3,073,432
1
months.)—
Int., die.
Bal.,sur.
$2,657,153
2,656,084
$1,055,157
417,348
Annual Report.— Annual meeting last Wednesday in October.
Report for 1897-98 In V. 67. p. 526, 533. See also editorial, p. 508.
1897.
1896.
Tear end' g June ZO— 1898.
1895.
$3,ti65,193 $4,035,326 $3,785,410
Passenger earnings. $3,850, 126
Freight
9,237,507
8,2,54,873
8,576,700
8,783,929
Mall and express. ..
930,657
912,449
847,982
815,317
.
Total earnings.. .$14,018,290 $12,832,515 $13,460,008 $13,384,656
9,864,665 10,293.703 10,254,068
Oper'g exp. & taxes. 10,968.367
76-47
76-61
7824
7687
P. 0. op. ex. to earns.
Net earnings.... $3,049,9 23
Rentals, intere8t,&c.
336,992
$2,967,850 $3,166,305
284,596
252,319
$3,130,588
263,744
Total net noome. $3,386,915
$2,708,691
$3,252,446 $3,418,624 $3,394,332
$2,687,049 $2,639,863 $2,642,159
196,333
237,091
204,647
202,547
375,000
375,000
500,000
500,000
Interest on bonds..
Rentals, etc
Dividends
Balance
8ur.$106.891
df. $46,694 sur.
$74,114 8ur.$49,626
424, 626, 533, 822.)
Cleveland liOraln & W^heelin^ By.— ('See Map.)— Owns from
(V. 67. p. 27, 319,
Lorain, O., to Bridgeport, O., opposite wheeling, W. Va., 158 miles;
Lester to Cleveland, 28 miles, and branch to Bellalre, O., 6 miles;
total, 192 miles, and has trackage into Wheeling.
History.—This railway is a consolidation Nov. 23, 1893, of the C. L.
& W. railroad and the Cleve. & Southwestern. (See V. 57, p. 979.)
Stock. Common, $8,000,000, and preferred, non-oumulative, 5 p. 0.,
$5,000,000, par $100. After dividends of 5 p. 0. have been paid on the
preferred and common both stocks share alike. V. 60, p. 1058.
Dividends.— On pre/en-ed In 1896, 3 p. 0.; none since.
Bonds.—The consolidated mortgage for $5,000,000 (U. S. Mtge.
Co., N. Y., trustee) covers 192 miles main line, including the extension
of 28 mUes to Cleveland, completed in Deo., 1894; also 70 miles sidings,
equipment, terminals, etc., now owned or hereafter acquired. The
$700,000 Cleve. Tuso. Val. & Wheeling firsts bonds were paid Oct. 1,
1898, leaving the consols an absolute first mortgage on the entire road
and reducing fixed ohirges $14,000 yearly.— V. 67, p. 633. Bills payable June 30, 1898, $88;800.
EARNINGS.—9 months, ) 1898 99.. Gross, $1,192,863; net, $347,532
Gross, 1,131,337; net, 318,149
Jidy 1 to March 31.
S 1897-98
Report.— Report for year ending June 30, 1898, was in V. 67, p. 898,
showing gross, $1,501,431; net, $438,924, other income, .$3,744; interinterest on car trusts, $13,874 written
est on bonds, $284,000
In 1896-97 gross, $1,205,148; net,
off, $6,161; balance, $138,633.
gross,
1895-96,
net, $442,752.— (V. 67, p. 898.)
$1,586,917;
$324,065;
JYIahoning Valley Ry.— Owns from Cleveland,
Cleveland
O., to Sharon, Pa., 81 miles [57 double track]; Niles, O., to New Lisbon ,
O., and branches, 44 miles. Leased to Nypano RR. (formerly N. Y.
Penn. & Ohio) till 1962 rental $514,180 per annum, payable monthly.
In 1896 consols for .$155,000 wore issued to retire the last of the prior
bonds and the consols are now a first lieu on the entire road. Coupon
Interest is J. & J., registered interest. CJ.— J. Stock is $3,259,200, of
which $2,758,250 is held by "Atlantic First Leased Lines Rental Trust
Co., Limited." of London. Dividends, usually 12 to 13 per cent per
annum in 1897, 13% p. c; in 1898, 13>2 p.
V. 63, p. 968.)
Cleveland Sc ITIarietta Ry.— Owns from Marietta, O., to Canal
Dover, and branch, 103 miles, and 7 miles, Valley Junction to Canal
Dover, leased. Pennsylvania RR. obtained control in Oct., 1893, having
purchased about two-thirds of the stock. Stock, $2,000,000— par $1jOO;
—
—
:
;
&
;
;
c—
Bonds.— New
ftr.st mortgage for $2,000,000 is dated May I, 1895,
guaranteed as to principal and interest by the Penn. Company
(trustee. Farmers' L. & T. Co., N.Y.). Siukingfund of 1 p. c. commences July 1, 1896; bonds bought at par but not subject to call.
and
is
Report for 1898, in V. 68, p. 1072, shows gross ,$421,988; net, $66,%22; interest "" bonds, $56,250; balance, .sur. for year, $10,d72. In
i8&,355,7<Ml; tet, ^9,059.— (V. 68, p. 1072.)
July,
18«9.j
RAILROAD STOCKS AKD BOXD&
4t»
—
c
do
:
SUPPLEMENT.
IJSrYESTOKS'
Knbscrlbers
iwlll
confer a great favor by giving Immediate notice of any error discovered In these Tables.
RAILROADS.
For explanation of column headings,
on first page of tables.
Miles
Date
of
of
&c., see notes
or
Size,
I
Par
Road. Bonds Value.
rf Pi/?s6.— Stock, 7 p. c. guar, by Penn. RR.Co
Consol. sink, fund mort. for $5,000,000,notdr'n.c
C
Gen. M. for $10,000,000 gold ^ series A
c*
i. (end.) Pa. RR. Sseries B
guar. p.
&
199
199
199
199
75
c'
do
do
) series C
Olev. Term'ldt ra»ei/— 1st M., $6,000,000 gold c*&r
I B c*
Coast Ki/. ofX. Scolia.—l!>.tM. $5,000,000
13
Ooie6rooA.(?o7e-lstM..$593,tOO,uud.Read.M.of96c
stock,
$4,000,000....
Common
Colorado .Vi(//rt)irf—
Preferred stock. 4 per cent, non-cum., $6, 000,000
Pr.lien lst.M.bds.,Nii8. 9,501 to 10,000,incL(text>
Ce.c*
l8t mortgage, $10,000,000. See text
Ce.c*
do
do
Equipment bonds, B.. drawn at 105, gold
SoHihtrn Common stock, $31,000,000
Colorado
Istpref., 4 percent, noncum., $8,.'iOO,000
2d pref., 4 per cent, uon-cum., $8,500,000
c* 1,086
Istmortgage, gold, $20,000,000. C"e
Col. Wyoming <£ Gl. Ko.—lst M., $6,000,000, g.. c*
63
Col. Newb. di Laureiis—lBt M.,g.,$3,000,OOO..SBa
Income bonds.
1898
....
Co %iinbia So •it/ierti— 1st M.. gold, $2,100,000. N...
71 1884
Oolumbus <£ Oincinnati Midlaiid—lst mortgage
ColtnnbHs Hock. Val. & Toledo— St^a Hooking Valley Ry.
40 1889
Columbus Lima <£ HUwnulxee—\st mort., gold. A.
CoL Sail, dt Hock. RR.—^e,^ rec'sctfs., $1,050,000 .... ]1897-8
1895
....
Receiver's certificates (old Co.) out in July, 1890
227 1895
c*
Istmortgage (prior lien). $2,000,000, gold
c"
Itl p
227 1895
General mortgaKe, $10,000,000, gold
1895
....
Income bonds, non-cumulative, gold
0*
4 1890
ZanesvilleTerm'l Co. Ist m. for .$,500,000, gold.
1893
....
Col. Ter. & Transf. mtge. .$350,000 gu. C. S. <fe H.
do
.
.
.
.
ifi
I
1
!
.
INTEREST OR DIVIDENDS.
Rate
Per
When Where Pa v able, and by
Outstanding
Cent.
Payable
Whom.
Amount
$00 $11,226,050
7
1,259,000
1,000
7
1867
3,000.000
1,000
1892
4^g.
4i2g.
2,000,000
1,000
1892
34,000
1,000
a^g.
1898
5,515,000
1895
1,000
4 g.
450,000
5
1895
$&£
600,000
6
1868 100 &c.
100
3,421,300 To be in
100
4,954,800 To be in
To be issued only if n
1,000
7,481,000 2-3-4 g.
1897
1,011,000
1,000
1897
4g.
1,000
116,000
1890
6g.
100 30,995,000
ICO
8,500,000
100
8,500,000
1882
17,500,000
1899
1,000
"Tg.
500,000
1895
5g.
i",oo6
89^,000
1887
6g.
Oleve.
i
1,000
47,068
272.000
2,000,000
1,000
400,000
810,'
I10IH.J
7.446,591
1,778,000
1,000
all liabilities.
Bonds.— Generals are all equally secured; guaranty. V. 56, p. 604.
Earnings.- Fiscal year formerly ended Nov. 30; changed in 1898
to Dec. 31. Report for year ending Dec. 31, 1898, was given in V.
showing gross earns,, $1,032,765; net, $1,363,532; profit to
For year 1896-97 (13 months) profits were
$'201,561.
$280,600; in 1895-6, $37,304; in 1894-5, $342,901. (V. 66, p. 81, 949;
V. 68, p. 281, 1020.)
102(1,
lessee
was
:
Cleveland Terminal
&
Valley HR.-'See Map Baltimore
d-
Owns from Cleveland, Ohio, to Valley Junction, 75 miles;
Ohio.
«idings, "3 miles. Successor, as per plan in V. 60, p. 437 and V. 61, p.
70, to Valley Ry. (of Ohioi, soldin foreclosure Sept. 10, 1895. The
Baltimore & Ohio controls the new company. A trattlc agreement was
made with Wheeling & Lake Erie in 1895.— V. 63, p. 155.
Stock- Of the $4,615,300 commow (par $50) B. & O. owns $4,594,300
common and of the $2,060,750 preferred, $949,200; par $100.
Bonds- The first mort. bonds are guaranteed, principal and interest,
by the B. & O., endorsed; interest is paid regularly from earnings.
Earnings.— Year 1897-98, gross, $855,844 net, $285,232; interest,
$220,532; taxes, $20,220; surplus. $44,480. (V. 63, p. 791.)
Nova
Scotia.— Road from Yarmouth to East PubCoast By. of
operation in Aug., 1897; under contract fro n
nico, 31 miles, was
East Pubnico to Lockport, 61 miles, of which East Piibnico to Barrin.Kton, 20 miles, expected to be operated about August, 1899. Pro.
Name is to be
jected to Halifax, about 210 miles from Yarmouth.
changed to Halifax <fc Yarmonth Ry. Co., Limited, duri g 1899. V. 68,
p. 1180. Capital stock authorized $1,000,000; issued, $500,000. President, Thomas Robertson, Yarmouth.— V. 68, p. 1180.
Owns from Colorado Springs to New
Colorado ITlidland
Castle, Col., 22v) miles; Jerome Park branch, 15 miles; Aspen branch,
18 m.; Leadville branch, 4 m.; spurs to quarries, 3 m.; Busk Tunnel,
2 miles; total owned, 271 miles. Leases New Castle to Ritte Creek, 14
miles, and Rio Grande Junction RR., Rifle Creek, Col., to Grand Junction, 63 miles; total owned and leased, 346 miles.
m
Ky.—
Organization.
—Successor Oct., 1897. to the Colorado
Midland Rail-
road, foreclosed and reorganized per plan in V. 64, p. 1244, I22(>.
Stock.— Both classes of stock will be held in a voting trust for six
years and thereafter uatil the first mortgage bonds shall liave received 4 per cent interest in cash for three successive years. The voting
trustees are F. P. Olcott, Henry T. Rogers, A. H. Joliue, W. Lidderdale
and Cecil W. Boyle. As to voting trust, etc., see V, 66, p. 856, 1044.
Bonds. -Of the new bonds, $?,500,000 are 4s and $7,500,000 bear
Interest In cash at 2 p. c to July 1, 190O, then 3 p. c. to July 1, 1902,
[with preferred stock scrip for the interest up to 4 p. c not paid in
cash, payable yearly on July 1], and 4 p. c after July 1, 1902. See
bonds in V. 66. p. 856 V. 68, p. 1131. Of the new 4s sufficient were
also $1,reserved to retire the equipmt-,ut bonds as they mature
355,100 new 4s, $590,700 pref. and $579,800 common stock will remain for future needs. In June, 1899, a s ttlemeut was reached with
the Busk Tunnel bondholders, who receive i $1,23 1, Ono Col. Mid. 23-4s (originally 4s, stamped interest reduced) bond for boadaud 4 i>. c.
interest in cash.— V. b8, p. 1131; V. «9, p. 26; V. 65, p. 327, 367. The
right is reserved to issue $500,000 prior lien 4s if necessary prior to
July 1,1903.
O/iarf/es.- Obligatory charges for first three years under plan, including taxes and rentals, $322,051, against $831,320 for old Co.
The 2 per cent non-obligatory interest on the first 2-3-4s wasjpatd in
scrip July 1, 1898, and July 1, 1899. -^V. 69, p. 26.
LatestEarnings— 11 mos.? Gross 1898-9 .$1,492,10'; net, $246,886
1,601,213; net, 318,180
July 1 to May 31.
5 Gross 1897-8..
;
;
Earnings.— In V.
Trs. end June 30.
66, p 857 (balance sheet V. 06, p. 1044) showed
Nel.
Gross.
Rent, Taxes, etc. Bal.forlnt.
$139,000
$1,731,443 $345,757
$206,757.
335,374
151,485
1,671,543
183,889
558,067
1^5,015
1,906,280
413,052
368,917
149,014
1.592,661
219,933
New Officers.— (Nov., 1897.)— President and Manager, George W.
Rlstlne, Denver, Col.; Secretary and Treasurer, Oscar Bunke, 41 Wall
St. N. Y.— (V. 68, p. 1131; V. 69, p. 26, 78.
1897-8
1896-7
1895-6
1894-5
Colorado
& Nortdwesteru Ky.— Boulder
to
Ward,
Col.,
26^2
miles, operated from Oct., 1898. Branches projected from Sunset to
Eldora, Col., 19 miles, and Eldora to Middle Park. Col. 45 miles; to;
Bonds, $500,tal, 90 miles. Stock, $5 (0,000; par $100; all issued.
000 50-year gold 5s, dated Sept. 1, 1897 (M. 8.), Mercantile Trust Co.,
N, Y., trustee. Pres., W. C. Culbertson; Sec, Chas. B. Culbertson,
Boulder. Col.
'"5"g.
41a
Q.-M.
M.
J.
A.
M.
M.
A.
J.
&
&
&
&
&
<fe
N. Y., Winslow, Lanier,
N.
J.
0.
N.
N.
0.
V D.
voting
voting
t
t
ecessar
J.
J.
J.
F."
M.
J.
&
&
&
J.
J.
J.
&"a
& N.
&
do
do
do
do
do
do
do
do
N.Y., Brown Bros.&Co.
Boston, N. Y. & London.
Phila., Read. Co. Office.
rust for 6 years or mor
rust for 6 years or mor
y prior to July, 1903.
N.
Y
,
Central Trust.
do
do
5
5
F.
g.
June
J.
M.
&
&
<fe
9,1H
1,
1,
1.
1,
1,
1,
1,
1900
1942
1942
1948
1995
194S
1898
1,
1,
1947
1947
1900
Jan.
Oct.
Nov.
Nov.
Oct.
June
e.
e.
July
July
N. Y.. Central Trust Co.
Feb.
Philadelphia.
J. Nat. Far. & P. Bk., Bait.
Mav
&
&
1,'9
Nov.
July
j."&"d. N. Y.,N.Y. Sec &Tr.Co. Dec.
J.
—
Last
Dividend.
Slocks
Jan. 1,
J. Jan., '9
,
paid May, '98 Jan.
N.
New York.
5 8. M.
Semi- an Columb's,0.,Rec'r8' Off.
6
6
5 g. A. & 0. Apr.,'97.c<)iip.last paid.
212-4 g. J. <fe J.
None paid iu cash.
4
jBo?ids- Principal, When Due..
May
1,
1,
1,
1929
1925
1937
1,
1,
1948
1939
1,
1929
Oct."l,"i900
1. 1946
A.
1945
J. Jan.,'97, coup, last paid. July 1, 194
8.
1943
Jan.
.
(?)
.
KK.—
68 p
453.000
341,000
i',00'6
C-See Map Pennsylvania Railroad.)
Cleveland <k Plttsbiira
Cleveland, 0.,to Rochester, Pa., 124mUes; branches— Bayard, 0.,to New
Philadelphia, 31 miles; Yellow Creek to Bellaire, 43 m.; trackage, Rochester to Pittsburg (Pittsb. Ft. Wayne & Chic), 26 miles; total. 224 miles.
In Dec, 1898, purchased coal road extending to Salineville, O., 3 miles.
Lease— Leased for 999 years, Deo. 1, 1871, to Penn. RR.Co., ajid lease
transferred to Pennsylvania Co. Rental, 7 per cent on $11,226,050
Btock, Interest on bonds and organization expenses, the lessees assum-
ing
00
500.000
700,000
1,000
1,000
I
Car tniar
[Vol. LXIX.
Colorado
Junction,
& Southern
R.y.^(Spe
Wyoming, through Colorado
wned.
Mil
i64
Cheyenne to Orin Junction
Denvei to Beasemer Janet Col... 128
Denver to Leadv. (narrow gauge) 151
Como to Baldwin Mine ( do ). 1.31
Li
Jlfa/).)
to
— Operitesfrom
Fort Worth, Texas,
Orin
viz.
ei
,
.
(VO nar. eau.) S87
Track igt— Pueblo to Walsenburg
Other
lines, br.. etc.
(Denver & Rio Grande)
58
Total ownpd and leased
.1,U1
Denver City Ry., 455 miles.
Has tratfic and tra,ckage agreement with Union Paci 1c, connecting
the Cheyenne & Nor. Division with the system at Greeley and Denver;
also tracbage agreement over Atchison tracks between Denver and
Pueblo, Col. V. 69, p. 179.
Organization.— -Succeeded (n Jan. 11, 1899, per plan in V. 67, p.
748, the Union Pacific Denver & Gulf and Denver Leadville & Gunnison, 'oreclosed and sold in Nov., 189^1. The company, like its predecessor holds in its treasury a large majority ol the common stock of
the Fort Worth & Denver City By., which see.
Voting Trust — All classes of stock are vested in the voting trustees, Grenville M. Dodge, Frederic P. Olcott, Harry Walters, Henry
Budge and J. Kennedy Tod until Jan. 1, 1904, and then until the first
preferred stock shall have received a 4 per cent cash dividend for
three consecutive years. The voting trustees may, however, deliver
Trinidad, Col., to Te.vas State Hop 1.35
Also has Inrije interest in Fort Worth
.
the stock at any earlier date.
Bonds.— The new mortgage i.s a first lien on all the road, equipment
and other p operty, $2,2 O.OOO being reserved for the acquisition of
coal properties, and for future additions, betterments, equipments,.
etc., at not exceeding ,$300,000 a year, and $2, '.00,000 are reserved
to be issued prior to Jan. 1, 1900, by the reorganization c mmitt e, but
it is not expected that this will be necpssar.y.
The application to list
the new securities on the New York Stock Exchange contains much
information, and may be lound in V. 68, p. 102
Earnings.— Jan. 1 to May 31, 1898, gross, $1,478,673; net, $411,388
Annual Report.— Report of old Co. for 1897 was in V. 66, p. 613.
Earnings of the Union Pacific Denver & Gulf and Denver Leadville
& Gunuison lines for the year ending Dec. 31, 1898, were
Gross earnings (including Julesburg Br inch)
$4,484,082 37
Net earnings (exclusive of Julesburg Branch, taxes, deducted
936,613 49
Fixed charges of new company, $700,' 00.
.
:
Direotors.—Krank Trumbull, Denver (President); Grenville M. Dodge, Nevr
York (Chairman I, Frederic P. Olcott, Harry Walters. Henry Budge, J. Kennedy Tod. Oliv^erAmes. Norman B. Ream and Luther Kounlze.
V. 68, p. 231, 427, 570, 1023, 1027; V. 69, p. 179.
Color.«do Valley R.R.,— tn Dec, 1898, completed from Sweetwater, Tex., on Texas & Pacific BR., south, 25 miles to Oakhurst;
farther extension contemplated to San Angelo, Tex., making 76 miles
In all. V. 67, p. 842. On June 6, 1899, purchased at public sale by
the bondholders. Sale has been confirmed. V. 68, p. 1180. J. R.
Daugherty, President; St. Louis, Mo.-V. 68, p. 1180
Columbia Southern Ry.— Owns from Biggs, Ore., south to Moro,
28 miles. In J ine, 1899, also projected and under construction to
Prineville; also projected from near Cross Hollows in Wasco County
to CanyonCity. In 1899 made a mortgage for $2,100,000 to N. Y. eecurity <fe Trust Co., as trustee, of whicii $272,000 was issuable at once,
and remainder, it was said, at $10,000 per mile on additional road.
Pres., E. E. Lytle; Sec, May Enright; Gen. Man., D. C. O'lieilly,Wa9C0,
Ore.— V. 68, p. 330.
Coiiimbiii<i<!k: Cincinnati iTIIdland RH-.—f See Map Ball. <e Ohio.)
—Owns trom (Columbus, <)., to Midland City, O., 71 miles. In Jan..
1899. the B. & O. reorganization committee had acquired for 94 flat
nearly all the bonds V. 6^, p. 1' 9; V. 67, p. 1159.
In 1897-8, gross,.
$405,988, net, $89,532; taxes $10,979. V. 68, p. 129.
—
Columbus Hocking Valley Oc Toledo Ry.— See Hockino
ColumbuM Lima &. Milwaukee Ry. — Under construction Tom
Valley Ry.
Lima,
O. to Defiance, 40 miles; expected to bn c .mpleted about Aug.,
1899. Entire projected line extends fromColumlius, O.. northwesterly,
via Lima and Defiance, to Sau.gatuck, Mich., and souths asterly from
Columbus to a point iu the P^-deral Creek Valley, Washiniiton (jounty,
O., with branches, a total of about 375 miles. Stock authorized, $1,000,000 par, $U)0. Bonds are issuable at Mi<!0,000 per mile, not e ceeding$v, 500,000, and are not subject to call. President, J. G. W.
Cowles Sec, T. H. Bushnell; Treas., iri Reynolds, all of Cleveland.
Columbutt Sandusky
Hocking
Road— Sanduwky via
Columbus to ZanesvUle and southerly to Glouster, Shawnee and
Shawnee Junction, with branches; total, 273 miles, of which 226
miles are owned and 47 miles leased. Trackage to Toledo, 51 miles.
Receivership —The appointment of S imuel M. Felton on June 1,
1897, bv the U. S. Court was sustained in July, 1899. V. 64, p. 134.
233, 1088; V. 69, p. 78. See also V. 68, p. 1023. As to receiver's certificates and last coupon paid on the bonds, see table above.
Preferred and common stock is provided to be reserved by the Col.
Hooking Val. &. Tol. reorg. plan to acquire interests in the Col. Sand. &
Hock, or successorco if atany time practicableordesirahle. V. 6-(,p. 40.
Reorganization Committee.— In June, 1899, the Fitzgerald committee disbanded, the securities deposited with the Mercantile Trust
Co. being returned. V. 69, p. 26.
.
>
;
;
&
RR.—
July,
KAILROAD STOCKS AND BONDH.
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SUPPLEMENT.
UMVESTORS'
[Vol.
LXlx.
Snbscribers will confer a great favor by giving Immediate notice of any error discovered In tliese Tables.
RAILROADS.
1
For explanation of column headings, &c. see note
on flrst page of tables.
<t Xenia— Stock, 8 per cent rental
C
Con4:ord <* Claremont (N. H.>— 1st mortgage
Coticord <t Montreal— Qtoc\i, Class I. (B. C. & M. pf.)
Stock. Class II {B. C. &M. new)
Stock, Class III. (B. C. & M. old stock)
Stock, Class IV. (Concord) $6,000,000 auth. Textl
c]
Best. Con. & Mon. improvement mortgage
55
71
;
\
a >
-
ioifl
mort (White Riv. Juno, to Canada line)
gold.c*
Massawlppi st'k, guar, same div. as Conn. <fe Pass.
Newport & Richford Ist mort. guar, by C. & P.o*
Connecticut iiTiPfr— Stock ($2,670,000 authorized)..
Scrip, redeemable in ten years in cash or bonds..
c
Bonds, not mortgage, for $1,000,000, gold
Connecting rfAWa.;— Ist m., gu. p. & 1. Pa. RR. en. c
r
Connecting Terminal RR. (Buffalo)— Ist
West. Trans. Ist M. guar. drn. at 105. .c*
Erie
&
New
37
22
80
80
6-75
—
Lebanon. Stock
1st mortgage for $800,000
Oomicall
i'lO
M
<t
24
24
r
Oorvallis d- Easteru—Ut mort. ($11,250,000). Ce.c*
Otimberland dk Pennsxjlvania— Ist mort. gold, guar.
OumberLand TaUey—Stoc'k ($484,900 is preferred).
1st and 2d ms. gold (2d $109,500 due Apr, 1908.)
IB.c
Dakota P«fi^c— 1st m., g., $650,000
Dallas Fort Worth <e Gulf— Mon., $1,000,000, g.O'i
"57
"82
,
(S^ap.c. guar.C.H.&D.)
Preferred (8 p. c. guar. C. H. & D.) endorsed
Ci
1st mortgage, guar. p. & i. end by C. H.
Dayton <t Cnjow— Ist mort., sink, fund (notdrawn)c
X.cl
Dayton <f Western— X»t M., guar. L. M. and C.
Dayton
dt
Mich.— Com. st'k
. .
—
&D
&
•
100
100
100
100
•
--
40
1881
1890
1897
1,000
1,000
1,000
100
100
....
1893
*
1,000
100
•
1881
1,000
....
1891
1898
1891
1,000
1,000
1,000
1,000
....
50
1856 500 Ac
1899
1,000
142
32
37
1871
1881
1879
1864
50
50
1,000
1,000
1.000
;
first
1898-9. ..Gross, $"66,926; net, $78,235
711,163; net, 108,142
Annual ReroRT.— Report for 1895-6 was in V. 63. p. 600 and 835.
1897.
1896.
1895.
Fears ending June 30—
$796,074
$905,296
$828,156
Gross earnings
123.225
208,431
149,857
Net earnings
101,171
94,781
Taxes and rental
—(V. 67, p. 1160; V. 68, p. 40, 473. 771, 1023; V. 69, p. 26, 78.)
Owns from Columbus, 0„ to Xenia, O.,
Colnmbnet Xenia
55 miles. Operated as a division of the Little Miami, and is leased for
99 years from December, 1869, in connection with that road, to the Pittsburg Cincinnati Chicago <fc St. Louis, which pays 8 per cent on stock.
The lease is guaranteed by the Pennsylvania RaUroad Company. The
C. <fe X. pays 825 percent dividend (-5 out of assets) per annum, 2I5 per
cent March 10 and Sentember 10 and 2 oer cent June 10 and Dec. 10.
From Nashua, N. H., via ConMontreal
Concord
cord, Plymouth, etc., to Groveton and the White Mountains, 450
Keene, 30 mUes, owned jointly
miles in all, (including Manchester
414 miles leased to Boston & Maine; 35 miles double track. Oq May
24, 1899, the stockholders voted to build a branch from Manchester to
Milford, the bonds to be increased therefor by an amount not exceeding $300,000. V. 68, p. 1075. On June 29, 1895, leased to Boston &
Maine for 91 years at rental of 7 per cent per annum on all stock. (V.
61, p. 27, jTj; V. 65, p. 26; V. 68, p. 1075.)
May
5
U897-8... Gross,
31.
RR.—
&
RR.—
&
&
Portsmoutli RR.— Owns Portsmouth, N. H., to
Concord
Manchester, N. H., 40^2 miles. Leased to Concord RR. in 1862 for 99
years. Lease, rental, $25,000; 7 per cent on stock.
Owns road from Confluence
Conflnence <k Oaltland
Pa., to Yough Manor, Md., 20 miles; built in 1889. Leased to B. & O
May 1, 1890, for 999 years, rental being interest on boads. B. & O.
also agrees to accept and cancel $20,000 of bonds per annum ;u payment of freight on interchanged traffic. Bonds Nos. 1 to 100 may be
called in tir.st Ave years,' balance in second rtve years. Trustee, Finance Co. of Pennsvlvania, where Mav, 1898, coupons were paid.
Stock is $200,000. Bonds— Ist M. gold, 5s (M&N) due 1914, $120,000.
Passumpsic Rivers RR.— Owns White River
Connecticut
Junction, Vt., to Canada Line, 110 m.; leases for 999 years Massawippi
Valley, 37 m.
leased
to
Lease.- From January 1, 1887,
the Boston
&
Lowell for 99 years on a basis to pay Connecticut & Passumpsic stock
inclusive,
and
6
per
per
cent
till
January,
1897,
cent
5
thereafter,
August, 1897, dividend being 3 per cent. In October, 1887, the Boston
6 Lowell, carrying this road, was leased to Boston & Maine. Stock
authorized, $3,000,000; outstanding, as in table.
Securities.— Massawippi stock receives same dividends as stock of
lessee, and $400,000 of it [not included in the amount outstanding]
is pledged as part security for 4s of 1893 [$1,900,000 authorized]
which replaced $1,500,000 of 78 due April 1, 1893. (V. 57, p. 1040.)
&
RR—
&
Connecticut River
RR.— Owns
from Springfield, Mass.,
Keene, N. H., 74 miles (double tracked, 36 miles) branches, 6 mUes.
Lease.— Leased for 99 years from Jan. 1, 1893, to the Boston &
Maine, annual rental (as amended Oct. 10, 1895) being 10 per cent per
annum on capital stock), payable directly to the stockholders in semiannual instalments Jan. 1 and July 1, and in addition thereto interest
on 4 per cent bonds and scrip and $2,000 for organization expenses.
Lessee pays all taxes, operating expenses, etc., but lessor shall issue
Its stock or bonds for permanent improvements.
(V. 61, p. 470.)
Connecting Ry. (Philadelphia).— Owns from Mantua Junction
to Frankford Junction, Pa., 6-75 miles; total mileage including 2d, 3d.
4th tracks and sidings, £0 miles. Leased to Philadelphia's Trenton for
999 years, and with that road operated by Pennsylvama Railroad.
Rental pays interest, taxes and 6 per cent on $1,278,300 capital stock
(par $.50)— all of which is owned by Peimsylvania Railroad. Current
;
liabilities
December
31, 1897, $1,360,550.
Connecting Terniiiial RR. (BuflTalo).— Owns
a terminal road
Stock .$20,000 (par $500) controlled in
same interest as the Erie & Western Transportation whose bonds
(authorized issue $1,500,000) are guaranteed principal and interest
by endorsement. (;urreut liabilities June 30, 1897, $<J16,n69. In year
1897-98 gross, $108,i»54; net, $59,317; charges, $28,567.
one mile long
in Buffalo, N. Y.
Cornwall & Lebanon RR.— Owns Lebanon, Pa., to Conewago,
22 miles; branches, 3 miles. Dividends, formerly 4 to 4I3 per cent,
yearly, were in 1893 6 p. c; also in 1892-93 paid a special dividend
of 13 p. c; in 1894, Feb., 2 p. c; in 1895, Aug.. 2 p. c; in 1896.4
p. c; in 1897, 3 p. c; in 1898, 4 p. c; in 18y9, Feb.. 2 p. c. In year
ending June 30, 1898, gross, $221,531; net, $112,930; interest and
charges, $46,895; dividend (4 p. c), $32,000; balance, surplus, $34,036.
68, October, 1898, $58,000.— V. 64, p. 6ro; V. 65, p. 571.
Car trust
2,403,243
1,211,250
2,728,000
225,000
495,000
Whom.
Payable
Cent.
Q
M. Columbus, O. Treasurer Junel0,'99,2%
J. Bost. Treasurer's office. Jan. 1, 1914
,
Q.-J.
,
.
.
J.
J.
J.
J.
F.
A.
F.
J.
J.
J.
—
—
—
J.
1.
J.
&.
J.
&
D.
D.
<fe
&
&
&
&
&
&
<fe
J.
A.
0.
A.
J.
.7.
.1.
M. &, H.
M. 1.5 &8.
M. & N.
J.
F.
A.
F.
M.
Q
a;
A.
3I3
8
5
J.
7
.T.
A.'
Q
Dividend.
,
&
J.
I'-
(!)
i
G. Carlisle and Joseph F. Randolph of New York and Charles
of Philadelphia represent bonds deposited with the
North American Trust Company, .ind in July, 1 899, were proposing to
prepare a reorganization plan. V. 69, p. 78; V. 67, p. 842, 1160.
STOCK. Etc.— Common, $7,500,000 authorized; outstanding, $3,348,392 pref. 4 p. c, cum., $4,041,000; par, $100. There is also $80,000
July 1 to
i
1,000
1,000
Hinchmau
mortgage scrip.
Latest Earnings— 11 mos.,
1
50
100 &c.
John
8.
1
100
1893
1893
1864
1883
1892
Pojids— PrlnolINTEREST OR DIVIDENDS.
pal,When Due.
Rate Per When Where Payable, and by Stocks— li&Bt
$1,786,200
825
500,000
413
800,000
7
540,400
7
459,600
7
5,397,600
7
500,000
6
5,000,000
4
650,000
4
350,000
7
2,500,000
6
1,900,000
400,000
t'350,000
5
2,580.000
10
1,290.000
4
4 g1,000,000
6
991,000
5
500,000
750,000
800,000 4 in 1898
5
766,400
4 g.
(?)
5 g.
1,000,000
in
1898
1,777,850 8
270,500
8 g.
650,000
1
.
....
166
262
Amount
$50
1894
1
I
Concord & Montreal consol.mort.for$5,500,000.c*
c"
Debenture bond.*, $650,000, currency
Concord <t Por^s.— Stock,? p.c.rn'1,99 jts. Cono'd..
0<mn. di Possum.— Pxet. stock, 6p. c. rent'1,99 yrs.c"
Size,
„.
..^. or
or
of
f&T
Par
Bonds Value. Outstanding
or
Oohimbus
Ist
Date
^„..
Miles
&
<fe
&
&
&
See text.
do
do
do
B'ston, Faneuil Hall B'k
Boston Safe D. & Tr.Co.
Bos. S.D. & Tr., Boston.
Manchester, N. H.
Boston, 8. Dep. & Tr. Co.
do
do
do
do
do
do
Boston, Mas.s.
Springtleld or Boston.
Boston, Mass.
Julyl '99,1%%
Julvl'99,1%%
Julyl '99,1%%
Julyl '99,1%%
Jan. 1, 1911
June 1, 1920
June 1, 1920
July. -99, 3Jfl%
Aug., '99, 3%
Apr. 1, 1943
Aug., '99, 3%
Jan. 1, 1911
JiUyl,'99,5%
Jan. 1, 1903
Sept. 1, 1943
Phila., Broad St. Stat'n 1900-'l-'2-'3-'4
Phila., 26 S. 15th St.
May 1, 1903
do
.1.
do
July 1, 1912
A. Co.'s off., Lebanon, Pa. Feb. 1, '99,
2%
do
0.
New
do
York
Apr.
1.
1921
1998
May 1, 1921
Julyl, '99,2%
0.
do
Apr. 1, 1904-8
do
0. Boston, Inter. Trust Co Apr. 1, 1929
A.
—J.N.
&
&
& 0.
— J.
& J.
& D.
& J.
City.
Guar. Trust Co. of N. Y.
Phila.
& Chambersburg
Cincumati.
do
N. Y. Kessler & Co. Cln.
N.Y., Am. Exch.Nat.Bk.
N. Y., Bank of America.
,
,
6&7 J
& Eastern RR.— Owns from Yaquina
Apr. 1,'99,1%
July 5, '99,2%
Jan.
Dec.
Jan.
1,
1,
1,
1911
1909
1905
Corvallis
'o Idanah, Ore.,
142 miles. Land grant was 850,000 acres. Organized in Dec, 1897, to
purchase and extend the Oregon Central & Eastern, which was the
successor of Oregon Pacitic. sold in foreclosure Dec. 22, 1394. Mortgage (Central Trust Co., N. Y., mortgage trustee), secures $11,250,000
48, to provide for extension eastward to Snake River in Malheur Co.,
and to cover all railroad lines hereafter acquired up to 750 mUes.
Earnings.— In year ending June 30, 1898, gross, $47,111; net,
$2,575; total deductions. $23,500. In 1896-97, gross, $82,352; net,
$16,754.
(V. 66, p. 335, 573; V. 68, p. 474.)
Cumberland & Pennsylvania RR.— Owns
from Cumberland,
Md., CO Piedmont. Md., and several branches, 57 mUes. Owned and operated by Consolidation Coal Co., which guarantees by endorsement the
first mortgage.
V. 52, p. 390. Stock. «1,500,000: par, $100. For year
ending June 30, 1898, gross, $697,496; net, $366,751; charges, $106,643; dividends, $263,647; bal., def., $3,539. In 1896-97, net, $351,464.
Cumberland ValleyRR.—Owns from Harrisburg, Pa., to Potomac
River, Md., 82 miles (and with leased lines operates to Winchester, a
total distance of 116 miles). It leases— Cumberland VaUey & Martinsburg RaUroad, 34 miles; Dillsburg & Mechanicsburg Railroad, 9 mUee;
Southern Pennsylvania Railroad, 21 miles leases Mont Alto Railroad,
18 miles; total operated, 165 miies. (V. 61, p. 152.)
Stock.— Authorized, $2,000,000; outstanding, $1,292,950 oonunon,
$241,900flr8t pref. and $243,000 second pref.; of this $975,850 common and $237,200 preferred are owned by Pennsylvania RR. Co.
Dividends.- In 1880 to 1884, 10 per cent yearly; from 1885, to
July. 1899, both inclusive, at rate of 8 per cent yearly.
Gross, $321,640; net, $79,357
Earnings. -5 months, ) 1899
Gross, 320,951; net, 69,564
Jan. 1 to May 31.
S 1898
Report for 1898 was inV. 68, p. 66?. Earnings entire line as follows:
Int., etc.
Dividends.
Net
Oross
BaL.surp.
Tear.
$903,369 $249,835 $41,805 (8 p.c.)$142,228
$66,402
1898
255,123
43,187 (8 p.c.) 142,22d
1897
866,654
69,709
— (V. 64, p.46'7; V. 66,p.706;V.68,p. 668.)
Projected from Rapid City, 8. D., to Mystic,
Dakota Paclflc
40 miles, of which 10 miles operated in June, 1899, and remain ler
under contract to be completed Jan. 1, 1900. Formerly the Dakota,
Wyoming & Jlissouri River RR. Stock. $650,000, all outstanding.
Bonds, $650,000 1st 30-year gold coupon 5s ($1,000 each), due Apr. 1.
1929, all issued. Int. A-O at International Trust Co.. Boston, Trustee.
Thev have no sinking fund and are not subject to call. President;
William T. Coad. Rapid City, S. D.; Secretary, Forrest O. Murdock,
Treasurer, F. D. Gray.— (V. 68, p. 1180; V. 69, 11. 28.)
Dallas Fort Worth &. OulfRy.—Terminal property at Dallas,
Texas, and 8 miles road in Dallas. Proposes to build to Fort Worth,
31 Qiiles, to cover which $800,000 30-year gold 58 were authorized in
Dec, 1898, and the $80,000 outstanding 68 canceled. V. b7, p. 842,
1356. Began operating Sept. 25, 1896, and name changed from Dallas
Term. Ry. & Union Depot in Dec, 1898. V. 67, p. 1356. Stock authorThe St. Louis Trust Co.
ized. $500,00U (par $100); paid in, $38,700.
President is W. C. Connor.— (V. 67, p. 1 356.)
is the mortgage trustee.
(See Map Cincinnati Hamilton <£ DDayton Sc Michigan
Owns Dayton, O., to Toledo June. O., 141 miles, and leases Desh
ler to Ftudlay, 11 miles. Trackage (Lake Shore) into Toledo. II4 miles
Lease.— Leased May 1, 1863, in perpetuity to Cincinnati Hamilton &
Dayton. Rental is the interest and sinking fund of debt, and 8 per
cent on preferred stock and 3^2 per cent on common.
Securities.- Guaranty on preferred is secured by mortgage of 1871,
but the preferred carries no voting power. V. 56, p. 813. Mortgage of
1856 is held aUve under mortg. of 1881, which is therefore a flrst Uen.
Earnings.— Grosslearnin^s in year ending June 30, 1898 (including
Troy & Piqua branch, 8|miles), were $1,576,293; net, $579,78 3; interest, $136,400; di\idends, $180,967; bal., surplus, $262,416. In
1896-97, gross, $l,45iJ,519. Due lessee July 1, 1898, $1,222,887.
;
RH.—
BR.—
—
,
Dayton
& Union RR.— Owns
from Dodson, O., to Union City,
Dodsdon, 15 miles; total operated, 47
miles. Operated by Cleveland Cinn. Chicago <& St. Louis, which. Jointly
with the Cincinnati Hamilton & Dayton, owns the capital stock.
Trustee of 1st mortgage (in June, 1896,) Central Trust & S. D. Co. of
Cincinnati. AU surplus earnings over interest goes to a sinking fund
for the redemption of bonds at not above 100. Capital stock, $86,300.
For year ending June 30, 1898, gross, $133,922; net, $40,569; other
income, $3,000; charges, $19,985 balauce, surplus, $23,584.
Dayton & AVestern RR.— Owns from Dayton, O., to State line,
Ind., HI miles, and leases 4 miles to Richmond, Ind. Leased from Jan. 1,
1865, for 99 years, renewable forever, to Little Miami, and so operated
by Pittsb. Cin. Chic & St. Louis. Under terms of the lease, upon payment of the D. & W. bonds the Little Miami will become sole owner
of the D. & W. Of bonds $32,000 are 7s. Stock, $309,276.
Delaware RR.— Owns from Delaware Junction (Phila.Wilm. & Baltimore), Del., to Delmar (Maryland line), 95 niUes; branches, 22 miles.
lu 1899, absorbed by consolidation 107 miles of branch lines theretofore operated as part of the Phil. Wilm. & Bait.— V. 67, p. 1356.
Leased till May 13, 1927, to the Philadelphia Wilmingtoa & Bait,
which owns $1,364,675 of the stock. Lease of 1889 expired in 1897
Ind.. S'2 miles; leases
Dayton
to
;
July,
KAILEOAD STOCKS AMD BOMD8
isyy.j
MAP OF THE
d»
^
DELAWARE & HUDSON
' ''
^
EATT.l^OAD SYSIEM.
.
^
^^
OVntiiloo
Kai'nhuni
>^-
"
r
Sutton Jc.
b
^
^"'mooer
"
s JC.T~ -5!
NewjH>rl«
"
'Oflg
w.chazyI
^St.AlbXna
Bt'i'kiimtitownT
PLATTSBURGl
^Conibrld^ Jo
Ulilinctnorji
St.
Regis Falls o
.
/Ly.
,
Lot)"
»'-/i
-I'lTonn^
^
Ln^ir/-'
'\'\
'*-,nfp„^i
/UMrort V'-*l
JSent
i
L^^ ,^y^
PAUL S-inTHsS^
*
Tu,>,,.-'
——
L.jA
/
pizabetlitown &..
\"
ajjfe^
l&rV
^^
J
''BJ^J \\
.
St.Johnsbury
J.
^
„
„^
r
;.
/»^
*
•*<ai'»r
B-
^
na
-,
4„gjlif^-
a-
-.»:
^
c^/^
.j<
,
^
^i
/
**«fe
^»^' #•
^
.|l)i,.v-l«'
The Glen Ws
SO
>
__
>
V
cBMlddlebury
Port HenryU'i
nammon<1vlllca»„J
-.,
,
.Leicester Jc
\Pittsford
|'/,flr'^
Wliite K.JUIU-
{''fb
)
in
y
"
Windsor
c
»r
CALDVfELL^
P#
(
^Ludlow
''/,'.
zfi'-'w
""illrlo
Gassettsl
^S
^ :,Tr'V=^^EDWARD<Jf
M
cV
NorthvlllefX SJConntlia
^S
/s Londonderry
I
Kir'P=^aJc^iuiev,K,rt^f
f*''"'"
/
*
\
BELLoVs FALLS^
J^S^^^^'n,. iVV??.v^o5i.2fEAgl^E BRIDGE
>
^ i KeeneSK"
'•
Brattleborol
TROY
[ourj.
Chdnango EorksV
"^V / Eon Crai/e
Osweg^j^roBK
^^MSSJ^
^
l[l<
''^f6^
"^•»
''
^^
""'
South VemonlV'
94
INVESTORS' SUrFLEMENT.
IVOL.
LXIX
July,
KAILROAD STOCKS AND
1899.J
Sabscrlbern
tvill i-oiiter
as
BOJSIDS.
a iireat favor by kIvIiis Immediate notice of any «>rror dlBCOvered In these Tables.
RAILROADS.
Miles
Date
INTEREST OR DIVVDEND8.
Size, or
Amount Rate Per When
of
of
Par
For explanation of oolumn beadinKS. &o., see notes
Where Payable, and by
Road. Bonds Value. Outstanding
on first page of tables.
Cent.
Payable
Whom.
Delaware— Stock
Oen. M., $2,000,000, Kold.o'
Delaware a Chesapeake 1st M., assumed, our. c
Del. dt Bound 7>r.—Stock— 8 p. o. gu. Pliila. & Read.
<t
1892
1882
....
....
27
Ist Tiiortifai{e
Delaware
224
117
54
Hudson —Stock
1st niori. on Pennsylvania Dlv. ($10,000.000)c<tr
Bluff Point Land Improve. Co. 1st M.,Kold,Kuar.c*
Equipui't luort, $1,500,000. » 10 pa>'i>'l« yearly.
Delairure Lncknwanna <t Western— S\.tiv^
Con. M. now Ist .M on roaa \- equip ($10,000,000)0
Oe<air<ir« .Maryland it Vir£;i»iwt— Stock
Junction & B.— 1st ni.io State, red. aft. Jan. '95..
o*
Junction A Breakwater 2d niortftaKe
Break. A Frank. Ist m. to State, red. aft. Jan. '95.
Woroest«<rKK. Ist. RI. (inatured Apr. l,'96)gold.c'
Dtlairare River RR. it Bridge—
Ist M., $1,300,00", >coul.Kuar. p..tl.,Penn. RR c'
Delaware Susq. <t S. /I'K.— Stock (autU. $1,500,000)
c*
let uiortKajte bonds ($1,500,000) gold
De»»rer c« A'io aran(/«— Stock, com., ($45,500,000)
Pref. stock. 5 per cent non-cuin. ($28,000,000)
let mort. $1,000 gold or £206 sinking fund. .o*Ar
Istconsol. mort. (for $42,000,000) gold.fis.o'Ar
4I2 p. 0. for refiind'g Ist mort. 7s
do
do
Improvement Mort. ($5,000 per mile) gold...o"&r
Dta Sloines tt Fori Podge— Conmwn stock
Preferred stock, 7 p. 0. non-cum
secures
Series A. int. guar., end
l8tM. )
J
Do. S both equiilly ( Series B, int. guar .end
Ist mort. on exteu.. Tara to Ruthven, int. guar.
....
....
194
44
44
19
35
$25
1875
100
1877 l.OOO&c
1890
1,000
1899
50
1877
1,000
25
1860
1879
1,000
1874
1876 500 &o.
•
1896
1894
.
295
1,621
1.621
1,621
....
^88'
.
Dm Moines
Kansas
<t
55
1,000
100
100
•
.
.
1,000
50
....
46
1,000
1,000
100
1,000
1871 500 Ac.
1886 500 Ac.
1886
1,000
1888
500
100
- *
100
1874
1,000
1874
1,000
1881
1,000
.
.
Keokuk & West ern R R.
Oi/j/— See
lease for 30 years was made, rental being net earnings— see
1000. Under the old lease 6 per cent was guaranteed on the
stock; dividends will hereafter be dependent on earnings; in 1898.
6 per cent; in 1899. Jan., 3 p. c; July. 3 p. c. In year ending Oct.
31, 18^8. gro9.s. $11,211,477; net, $314,752; otherincome, $2,744; interest and taxes, $52,257; dividends, $161,240; balance, surplus for
year, $103,999. In 1896-7, gross. $1.087,466. -V. 68, p. 129.
when new
V. 64,
p.
Delaware
6c
Bound Brook RR.— Owns
from Bound Brook
(Central of N. J.) to Delaware River. 27 miles; branch to Trenton. 3;
second track 27 miles all track 73 miles. In May. 1879, leased for 990
years to Phlla. A Reading RR. for $273,000. paying interest and 8 p. 0.
on stock; lease assumed by Phlla. A Reading Railway.— Y. 68, p. 722.
;
&
Ry.—
Clayton. Del., to Oxford, Md., 54
Delaware Chesapeake
miles. Phila. Wilm. & Balto. owns all the stock ($600,000), and operEarnings
ates the Uue. guaranteeing the bonds principal and interest.
interest
for year ending Oct. 31. 1897, gross, $96,881 ; net, $10,843
and taxes. $21,109 bal.. deficit, for year, 10,266.
Co.— f See J/ap.>— Owns railroad lines exDelaivare
tending from Wilkesbarre. Pa., via Albany, N. Y., to Rouse's Point, on
;
;
^ Hudson
Canada line, with branches, 685 miles in all. Name changed from
Delaware \- Hud.son Canal 0.. April 25, 1899. V. 68. p 871. The
eyatem is well shown on the adjoining map, and includes:
'
Linesleased— ^Seelhesecos. Mileh.
Miles.
Lines owned—
142
Lackawanna A Susquehanna. 22 HAlbany & Susquehanna
150
17 UNewYorkA Canada
Valley RR. of Pa
.
Gravity RR
Schenectady A MechanicvUle.
t; Cherry Val. Sharon A Albany
U Schenectady A Duanesburg..
56 II Rensselaer A Saratoga
10 UUnion RR
21 llJefferson RR. (trackage)
14 Other lines
192
22
35
7
688
Total operated
Also leases Utica Clinton
A Binghamton and Rome A
sub-let to New York Ontario A Western.
Clinton RB.>
$2,987,125 6
500,000
400,000
1,800.000
1,500,000
35,000,000 5
5,000,000
300,000
1898
in
to be operated in 1898. and its cost was charged
V. 68. p. 566. As to Gravity RR., changed to standard gauge, see
V. 67. p. 955. and editorial, p. 923; al.so V. 68. n. 566 ; V. 69, p. 79.
History. Etc.—This company was chartered April 23, 1823. It iB
ore of the largest miners and carriers of anthracite coal.
'9°.
Dividends 5 '82. '83. '84. '85. '86. '87.'88. '89 to'96.'97. '98.
5 5 Inc.J'ne,2ia
5
5
6 7 y'ly.
81nce'81,p.c. < 7
7
7
6
Dividends for 1899 fixed at 5 p. c, payable quarterly.— V. 68, p. 187.
BoSDS.— Adirondack Railroad bonds carry the endorsed guaranty
of the D. A H. as to principal and interest. See that company. In 1896
$1,000,000 N. Y. & Canada debentures were issued and guaranteea—
see, that company. On Dec. 31. 1898. loans payable were $l.<i00.O00.
In April. 1899, made S"* per cent equipment mortgage to the U. 8.
Mortgaife & Trust Co., Trustee, to secure $1,500,000 bonds, 10 per
cent payable yearly. V. 63, p. 670.
General FrNxNCES.— On May 9, 1899, the stockholders voted to set
a»ld(' every year, to act as a sinking fund, to retire stock and bonds and
guaranteed seruriiles, an Hmouiit equal to at least five cents per ton of
coal sold or $I7.t,0'i() to $2ou,()0o per aiiuuin, to be ohargfd against
income account e»cli year. (V. tiS, p. 9v'6. Pee ordinance in full, V. 68,
Exaiuiuation in 1898 showed tons of coal owned in fee by
p. 1180.
company, 165.l8b.3S*3; tons of coal under leai-e, 58,H61,400; total,
sold the stock of the Hutiand RR. at cost
223.547.7P3. |fn 1h»S
and 4 pei cent interest, payable Jan. 1 and July I. on account of wliicli
$335,000 cash has been received, and of the balance $1,165,000 is due
on Dec. I, li-OO.— V. 68. p. 184.
Earmn';s.— Earnings of leased lines in New York State for 3 months
ending March 31 were
A'. V.dtCan.
.
Alb ,t Siiiq.
Rens it Sar.
.
—1899.
:
— —
— —
.
—
1>98.
1899.
189^.
1898.
Zmonlhs.
1899.
.$973,621 $881,656 $196,931 $181,396 $.'.02,?<32 $508,302
Gross
40H.«7O 311,942
64.777
38,933 104,001 125,0>3
Net
38,«95dcf22.<).'{6def51,098 193,197 179.919
Sur.ov'rchgs 116,520
AiTNCAL Report.— Fiscal year ends Dec. 31. Annual meetluK is held
on the second Tuesday In >fay. Report for 1898 was In Chronk^i.k,
Coal (anthracite) carried in
V. 68. p. 66; see also editorial, p.
1898,5,613,186 tons; In 1896,5,835,621 tons; in 1895,6,151.147.
1895.
1897.
1898.
1896.
Tear ending Dee. il.
Receipts from coal. $7,207,345 .$7,709,441 $7,778,225 $7,369,379
9,907,3.57 10.061.107 10.201.634 10.129,082
Railroads
.589,442
566.584
1,321,1.57
WUscellaneous
607,189
347.
Total
Net
Int.,taxe«
A
$17,721,892 $18,360,051 $18,546,443 $18,819,618
$4,794,297 $5,27l.:i89 $4,852,644 $5,442,885
3,087,631
3.078.492
rentals
2,923,478
3.132.968
$1,765,013 $2,364,393
$1.7.50.000 $1.7.50,000 $2,450,000 .$2.4.50.000
IV. 68. p. 376, 666, 670. 871,926.976. 11^0; V. (!!». p. 26.)
Delaware Larkawanna dc Western RR.— r'.S'ce .V"p J- Operates main line from Hoboken, N. J., opposite N. Y. (;ity, to Butlalf>. N. Y.,
410 miles, with branches to coal region, etc., 490 miles, including
Balance for stock.
Dividends
$1,870,819
$2,141,421
A
A
A
Clipcks mailed.
Broad St.Statlon
J.
J, Phlla.,
4
F.
8
Q .-F.
F. A A.
A.
Phlla.,
do
240 So. Third
8toeks—LMM
Dividend.
July 3.'90, 390
July 1, 193*2
Feb.
St.
1912
1,
2%
May.'O'.l,
7
Phlla..Ouar.T.A8.D.Co. Aug. 1. 1!>05
In 1898 Q-Mch. N.Y.Of..21 CortlandtSt. J'nol5.'9!). 1«4
7
M. A 8.
do
do
Sept. 1, 1917
4 g. J. A J.
do
do
Jan. 1, 1940
(I)
3>12
Yearly to 1909
26,200,000 7 In 1898 Q .-J. N. Y., 26 Exchange PI. July20,'0». 1\
3.067,000
M. A H.
7
do
do
Sept. 1, 1907
526,758
185,000
J.' a" J. Phlla.. Broad St.Statlon Jan. 1, 1933
3
250,000
4
P. A A.
do
do
Feb., 1899
200,000
3
J. A J.
do
do
Jan. 1, 1938
400,000
4 g. A. A O.
do
do
Overdue.
1,300,000
Philadelphia. Pa.
4 g. F. A A.
1,500,000 See text. See text.
Drlftou, Pa.
600.000
6 g. A. A O. PhUadel., Co.'s Office.
38,000,000
23,650,000 4 iiV'99
& J. Office, 47 Wm. St..N. Y.
1,669,.500
7 g.
A N. N. Y. Fourth Nat. Bank,
28.650,000
do
4 g.
A J.
do
do
4,713,000
4>2g.
A J.
do
,
8,103,.500
5
4,283,000
763,500
1,200,000
1,200,000
672,000
''99.
7 In
4
2ifl
4
Lines owned
A
g.
do
D.
do
August. Chicago, C. R. I. A Pao.
N.Y.,Chlo.R.LAPao.Co.
do
do
do
do
—
Aug.
193e
1,
Sept. 26, 1894
Apr.
1909
1,
July 17, '99, 2%.
Nov. 1, 1900
Jan. 1. 1936
Jan.
June
Aug.
1936
1,
1,
1928
1, '99,7%
Jan.
Jan.
Jan.
1905
1,
1,
1,
19i>;i
190.S
—
Miles.
Linesleased USeeeachco. Miles.
.... 1 14
^Syracuse Bing. A N. Y
81
Br'nchestoN'rthumberl'nd.Ac. 80 H Utica Chenango A Susq
105
Lines leased
HValley RR. of N. Y
11
IJMorris A Eesex and branche8.157 IJWarren
19
ilN. Y. Lackawanna A Western. 214 Sussex, Ac
50
34
H Cayuga A Susquehanna
HOswego A SjTacuse
Total operated
35
900
History, Etc.—This is one of the most Important of the anthra<-ite
coal roads. No sub-companies (coal and mining) are controlled, the railroad owning ts mines. Original company chartered in 1832 present
title assumed in 1853.
Its leased lines are mostly held under long
leases, and the system is compact. In 1894 representatives of the
Vanderbilta entered the directory. See V. 57, p. 721.
'82-'84
'85
'86 to July, '99
Dividends—
5 188
Since 1880, p. 0.
G\
8 yearly
7 yearly.
7^
I
General Finances.— On Jan. 1. 1899. cash on hand, $1,039,661;
coal on hand. $1,821,064; advances to leased roads. $1.173,510 accounts receivable. $4,025,453
total, $8,059,688; accounts pavalle,
$9,091,568. of which $6,016,756 was paid in January.— V. 68. p. 184.
Earnings.- Earnings of leased lines for 3 months ending March 31:
Net.
Charges.
3 months.
Oross.
Balance
1899
$1,489,369 $623,856 $619,219 sur. $1,607
1898
1,422.396
504,826
619,248 def.114,422
Anndal Report. Fiscal year ends Deo. 31. Annual meeting is held
on the Tuesday preceding the last Friday In February. The report for
1898, with balance sheet, was in Chronicle. V. 68. p. 184. The following includes all lines except Syr. Bingh'ton AN. Y. ana Sussex RR.:
1896.
Tear end. Dec. SJ.
1897.
1895.
1898.
Passenger earnings $3,501,708
3,408.983 $3,406,492 $3,486,691
Freight earnings... 16,008,321 15,033,700 15,349,104 16,048,893
Miscellaneous
2,559,334
2,647,909
2,658,315
2,738,6136
N. J. State line to N. Y. line
—
;
;
;
—
44 miles,
The canal ceased
off.
J.
41a g. J.
Bo»m/«— PrinciDue.
pal. When
$22,168,344 $21,002,017 $21,403,505 $22,274,270
21,528,138 22,973,382 22,896,382 21,9;.;7,639
Coal receipts, etc..
Total gross receipts. $43,696,482 $43,975,399 $44,299,887 $44,201,909
RR. Oper. ex. A tax. ) „c OP- o-Q oc ec.a qro 5 14,069,136 13.H34.4 20
Mining, Ac, expen. I 36.965,978 36,6o8,860 ^ 23,499.772 23,606,589
Net receipts
$6.730..504
Interest and rentals.
5,406,239
Dividends (7 p.
0)...
1,834,000
$7,316,539
5,406,239
1,834,000
$6,730,979
5,406,239
1,834,000
$6,760,<>00
5,406,239
1,834,000
8r.$76,300 def.$509,260 df..$479,33»
df .$509,735
President, W. H. Truesdale; Chairman of Board, Samuel Sloan,
-(V. 67, p. 221, 370, 1003, 1308; V. 68, p. 184, 231, 330, 379,427,
b alanoe after divs.
. .
871,976.)
Delaware ITIaryland
Ac
Vlr:>:lnia
RR.— Owns from
Harrington
to Rehoboth, Del.. 44 miles; Georgetown to Franklin City, Va.. 54 miles
total. 98 miles. Controlled by Philadelphia Wilmington A Baltimore^
which owns $326,200 of stock, and so by Pennsylvania Hailmad. See
V. 50, p. 498. Loans and bills payable, Oct. 31, 1896, $415,233; other
floating debt, $192,066. In year ending Oct. 31, 1897, gross. .$208,019-,.
net. $18,849; int. on bonds. $37,550; int. on equipment, $4,755; taxes,
$3,058; bal.. ileticit for year. $26,514, but this does not iiiolude interest
on the floating debt of $607,299. In 1895-6. gross, $230,927; net,
$39,634 deficit under charges for year, $5,280.
;
•elaware River RR.
Bridge Co.— Owns
a bridge over the
10 miles of connecting
railroad. Capital stock ($1,300,000) is all owned by the Pennsjlvania
RR.. which guarantees tlie bonds, principal and interest, by endorsement on each. Sinking fund is one per cent, but bonds cannot bo
called. See bonds and guaranty in V. 63. p. 1062. 1159.
Delaware River near
A:
I'liilHilelphia
Delaware Susquehanna
&,
and
aboii'
Schuylkill Rit.—Owns main
line
from Drifton. Pa., to (iowen, I'a., 31 miles; brunches, 15 miles; total
owned, 46 miles. Trackage- Lehigh Vallev UK., etc.. 13:i iiilles.
Opened Feb. 15. 1892. The road is controlleil by Coxe Brothers A Co.,
the coal miners. Dividends Oct. 18. 1892. 40 p. c. In cash Nov. 25.
1893, 20 p. c. In cash and 50 p. c. In stork; Sept. 26. 1894. 2623 j). c. in
cash. None since. MiTtgage trustee Trust Co. of Norih Am. Phlla.
Earnings.— Fiscal year cuds June 30. In year 1897-98 gioss,
$1,091,186; net, $131,160; Interest. $36,000; bal.. surplus, $9:>,1<>0.
:
In 1896-7. gross. $1,045,202; net. $186,376.
Denver
Sc
Rio Orande HU.—(Sff
Jfop;— RoAI>— Tlie lines of this
oomjiany. well shown on the adioliiing inaj>. reach all the important
points in Colorado, while it s slan<lard gaute line fnun Denver via Pueblo
westerly, via Leadvllle and Grand Junction, fonns a link In the transcontinental route to Ogden, Halt Lake City, Ac, including:
Miles.
Milrs.
Road owned and operated.
1,586
62
Rio Or. Jc. RR.. eto. ileased)
18
Leaned to Rio Grande West..
..
.
Of
preceding:
Standarcf gauge
(Of which 301 is 3d
Narrow gauge only
2d track and sidings
flic
682
rail.)
084
357
1.666
Total June 30. 1898
In l;oc., 1898, it was decided to standard gauge from La Vcta to
Alamosa. 60 m., to be paid for out of "renewal fund."— V. 67, p. 130H.
\
"
.
SUPPLEMENT
INVESTORS'
d6
[Vol. LXIX.
Chambers
o
Windsor
Haydeu
Jiir
Tt. Colliijsi
o Michigan
^YVimpah Spring
J-c
'^'tpafi
Lyons
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MAP OF THE
V'*rn\mAo
ifAlculde
DENVER & BIO GRANDE
c
I
iphaniita
|
pSPANOLA
ItRio
RAILROAD
JUora o^
Grande
^SANTA
T't.X^niou'-
FE
/"^^icA,
f Great
'^"Z
Falls
N.
Glendire-
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CimaiTon
Fernandez
de Tau6
OjoC^lienteo ^flCaliente
M,
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Neihart
v^
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Hot Springs o
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K (>
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Cwpcf.-
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-\-CHICAt
-,'•«
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'«*/,
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LaiiS
^:,S.-'^
IU<v
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N E Vj AunlD
A^ D A
i.fAReo'* CI7V
I
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Denver (St Rio Grande'-^-""'*"*""
R.R & Connections
A
R^
\
<fiVolcano
/vr-'^
>
^vKcn
rERSON
JriY. 1?99
RAILROAD STOCKS AND BONDS.
]
Snbacrtberit will confer a great favor by sItIiis
RAILROADS.
For explanation of ooliimn lieadinRs,
on tlr8t page of taV)le8.
&o., see notes
Miles
Date
of
of
W.—SVkA p. o. renfl.L.S.AMS.
Grand liapids tC Western — ^(?e Dktkdit & Perk
Detroit Hillsdale
Immediate notice of any error dUrovered In tlieae Table*.
B«Ft</»--l'rinoIINTERKHT OK DIVIDKND8.
Size, or
Par
Road. Bonds Value.
Des Moines 17>i ion— Stock, $2,000,000
re.c"
l8t M. for$SOO,000, uold
37
Dttroii Bay City rf J/p.— See Detroit & Macki NAC.
Detroit Grand Haven <t Mil.—\st equip. M. gu
o"
189
o*
Consol. mort., guar, by Gr. Trunk of Can
189
<f S.
fi.'S
Detroit
Detroit Latising <t yorthem.—St^c Detroit it
Detroit ,f Lima y orl hern -Stocti. $8,000,000
$100
1887
1,000
1878
1,000
1878 200 Ac.
100
100
....
Receiver's oertitlcates. $,^00.000
Lima Northern Ry., 1st mortgage, gold
Ma.c&r
* Lima Northern, IstJf., g
80
183
JfrtfAwiar— " First lien." $1,500,000. g.c*
All
.VU
rf
"Mort. bonds" $2,500,000 gold, red. at par....c"|
rf Fere .U(ir(j.— Common stock, $16,000,000
Prt>ferred, 4 per cent, non cum., $12,0(0,000....
Grand Rapid.s Newaygo A Lake Sh. let M.2d Div.
CWcA West Mich, general mort. ($12,000p.iii.).cD. Gr. R. A W., Ist con?, (now 1st) M., law. in.c*l
Holly Wayne «!t Monroe 1st mortgage, assumed. «|
Flint A Pere Mur(i'tte mortgace 68 of 1920, tfold.c
Consol.M., ($10,000,000) $20,000 p.m., g.Oc. c*
Port Huron A Northwestern Ist mortgage
ci
F. & P. M. 1st M. Fort H. Dlv. ($3,500,000),gold.c'
C
Toledo Dlv. 1st M., $400,000, geld, IB
Ch.&No.Mich.l8tM.,gu.,p.&l.endbyCh.&W.M.o'
1895
1897
1895
1895
1,000
1,000
1,000
1,000
To be
To be
I
'
Detroit
Mich. Equip. Co. IstM., gu.p.&l.,
s.f.
10
488
350
65
281
395
216
235
19
93
red. at lOO.r.
1875 500 &o.
1881
1,000
1807 500 &o.
1871
1,000
1880
1,000
1889
1,000
1879
1889
1,000
1897
1,000
1891
1,000
1892
1,000
P. Denver A Gulf use» Denver A Rio G. tracks from Walseuto Pueblo, 57 m.. at a rental of it45,000 per annum.— y. 61. p. 4/1.
The U.
burg
History.— Reorganization of a railway company of same name foreclosed July 12, 1886. The Rio Grande Junction is lea.sed jointly by
this company and the Colorado Midland, and its bonds guaranteed. In
July. 1895, the Rio Grande A Santa Fe (formerly Santa Fe Southern),
39 miles road, was acquired in interest of Den. A Rio G.— V. 63, p. 403.
Dividends since 'tfO^ 1891 '92 '93 '94 .95 '96 '97 '98 '99
2
2
2
2^2
4
2^2
on pref.. per. cent
S
In 1899. Jan. 10. 2 p. o. was paid, placing the stock on a 4 p. e. basis.
V. 67. p. 1308.
In July. 2 p.
Bonds. Coupons of the first mort gage sevens are payable at option of
holder either In N. Y. City $35 U. S. gold, in London, £7 48. 5d. sterling,
or in Amsterdam 86 florins, all free of U. S. taxes. Of the first conlolidated gold bonds (United States Trust Co., tru.stee) $6,332,500 were
reserved to retire the first sevetis when due. and they can be issued at
such rates of interest up to 7 p. c. as will retire said bonds. Upon payment of the first 7s the first consols will be a tirst lien on all the property, as they are now on about 1,300 miles of road and all the equipment. V. 67, p. 176. As to refunding of llrst mortgage, see below.
Consols for $6,900,000 are reserved for extension to Ogden, If
deemed advisable. Those unissued may be used with the consent of
a m^orltv of the preferred stock for extensions at not exceeding
$20,000 per mile. See abstract of mortgage in Chromcle, V. 47, p. 228.
The improvement mortgage (U. S. Trust Co., trustee), is issued on the
property covered by the consolidated mortgage, and so covers all the
company's property, following Immediately after the consolidated.
Mortgage abstract in Chronicle, V. 47, p. 229.
General Finances.— On June 30, 1898, the company he'd In Its
treasury stocks and bonds valued at $2,017,350. The "special renewal
fund" held $453,070 Denver A Rio Grande in 1895 advanced Rio
Grande Southern $169,839 in cash and endorsed $573,498 notes given
for Rio Grande Southern floating debt, receiving therefor .$671,000 Rio
Grande Southern ttrsts, one-half of the stock, and all surplus earnings
over flxed charges, taxes, etc., for three years from Jan. 1, 1895.
In January. 1898. the company consummated an arrangement with
Kuan, Loeb & Co. and Speyer A Co. for the refunding of the $6,382,500 /»< 7«due Nov. 1, 1900, into an equal amount of /st cotisols, bearing 41-2 per cent interest. For terms of exchange offered to bondholders see V. 67, p. 176, 319, 788. In October, 1898, all but about
$2,000,000 7s had been exchanged, and the privilege was withdrawn
Dec. 15, 1898. V. 67. p. 788, 1160. The reduction in flxed charges
will be $160,000 yearly.— V. 66, p. 236.
Latest E.vrxings.— From July 1 to May 31, 11 months
00
c—
—
W
—
Bnl,SHr.
months
Gross.
0th. inc.
Charges
Set.
1899-9
$8,553,309 $3,309,423 $109,122 $2,151,014 $l.'267.53l
1897-8
819,765
7,631,202 3.036.379
63.689 2.280.303
AinnjAL Report.— Annual meeting Is held at Denver the third Tuesdav In October. Full report for 1897-98 in V. 67, p. 422, 429. See also
editorial, p. 401. Construction account was closed in September, 1891,
since when all improvements have been charged against income.
Tear ending June 30—
1898.
1895.
1897.
1896.
Average miles operated..
1,666
1,666
1,663
1,657
$
iK
1^
$
Gross earnings
Net earnings
Other Income
8,342,926
3,325.326
62.403
6,945,115
2.869.779
51.683
7,551,187
3,202,406
57.334
6,916,840
2,925,628
14.600
Total net Income
3.387,729
Interest on bonds
1,997,9.50
362.0fa8
2,921,462
1,997,950
351,991
129,179
591.250
67.323
473.000
3,259,740 2,940,223
1,997,950 1,997,9.50
342,256
352.786
143,568^
oo..
ti
^i."*^^
74.046
Nil.
473.000
307.252
31,198
Taxes and insurance
New equipment
Miscellaneous
Dividend on
pref. stock..
Balance, surplus
|i
218.390
528,690
Officers— Chairman
dent and Gen. Man.. E.
of Board of Directors. George Coppell; PresiT. Jeflery; Treas., J. W. Ollluly; Sec. Eduar H.
Booth; Comptroller, Stei)hen Little. Ottlce. 47 William Street. N. Y.
(V.67.P. 176. -ZTZ, aii-. 422, liU, 578, 78^, 1055, lltO, 1308.)
Dew .'TIolnei(& Fort Dodue Kit.—Owns Des Moines to Ft. Dodge,
la., 88 m., aiidTaralo Ruthven, 55iiille.H; trackage, Illiuols Central, Tara
to Fort Do<1l'o Junction, Included above. I^-awed Jan. 1, 1887, to C;hlc.
Rock Isl. A Pac. for 18 years at rental of 30 per cent of ktoss earns., with
a guarantee of 4 per cent Interest on the Series A bonds, and 2 '•a per
cent per nnnuni on the Series B bond •. both series l>etnirer|ually secured
by the raortvatre of 1874. The serie-' B were orlKimlly 6 per ci-nt Inconies, but tUeir coupons have been stamped, redncinir the.lnrereit rate
to the 2"* p. c. guaranteed
Preferred stock in entitled t4> 7 p. c. noncumulative divldeiidg, then cointiion to T ]i. u afti^r wlilcli both share
equally. Divii>kM)S.— On ,ireferr«d In Ih'.i.'J. Aug., 2 p. c; 1 •^94, Aug.,
—
c; In lH'.)r>, Aug., 4 p. c: in 1896, Aug.,« p. c; In 1M!»7, Aug..
V. 6h, j>. 1180. Ktntal for year ending
p. c; in lh9'.», Aug., 7 ]>. !.
Dec. 31, 1898. WJ.8 $1( u,:jii; f„r 1h97 was 151,325.— V. 64, p. 1181;
4
|>.
6
108 7;
ll«0 1223.
€iiy Ky.— Skk Kkokitk A Wkstkrn RR.
Late.st Earm.vos.— 2 nios.,
(iross, $J9,279; net, $12,661
1898
Jan. 1 to Feb. 28.
Gross, 23,043; net,
1897
6,737
V. 66, p.
Dea
ITlolne*
V. 68,
ic
1..
Kanonn
/
i
$400,000
628,000
2,000,000
3,200,000
1,350.000
When Where
Rate per
Cent.
pal. When
Payable
Whom.
A
A
A
N.
N. Y., Central Trust.
O.
O.
Mechanics' Nat. Bk.,^
N. Y. and Loudon. \
5g- M.
6
A.
6
4
J.
A
J. N.
M
A
A
A
O.
O.
A.
^
\
Due.
Slocks-LMt
Payable, and by
Dividend.
Nov.
1,
1917
Nov. 14, 1918
Nov. 15. 1918
Y.,Farm.L. ATr.Co. July 5, '99. 2%
(f)
400,000
Detroit
Detroit
Amount
Outstanding
MARgUETTE.
Pkue MARQDkTri-.
....
ft7
1,194.000
2,335,000
918,000
2,000,000
14,145,500
10,16?,200
19,000
5,75^,000
5,379,000
1,000,000
5
g.
A.
5
g.
A.
4g.
J.
J.
4
g.
7
5
J.
J.
4
A.
8
J.
3,9!ii),000
6
2,600,000
104,000
3,126,000
5g. M.
400,000
1,667,000
227.000
A.
g.
7
5
A.
A.
g.
5g.
J.
5
M.
6
J.
A
A
&
A
A
A
A
A
A
A
A
In default.
Oct.
In default.
Apr.
D. N.Y..J.P.MorganACo.
D.
do
do
June
June
D. N.Y.,Un. Tr. A Boston. June
D.
do
Dec.
do
O. 2d Nat. Bank, Boston.
Apr.
J. N. Y., Merchants* N.Bk. Jan.
O. N. Y.,Mer. Ex. Nat. Bk. Oct.
do
N.
do
O. N. Y.. .Mer. Ex Nat. Bk.
do
do
O.
J. Intern'lTr.Co., Boston.
N. Bos., N;it. Webster Bk.
Boston.
D.
May
Oct.
Apr.
July
May
June
1,
1,
1.
1,
1945
1947
1995
1995
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1905
1921
1946
1901
1920
1939
1899
1939
1937
1931
1902
Yearl897. gi083,$162,941; net. $22.615. —V. 05. p. 924; V.66.p. 760,
OcM iTlolucM iNortlierii & We«terit KK.— In 1899 acquired by
Chicago Milwaukee A St. Paul.
Den ITIolneH Union Ky.— A terminal road in Des Moines; owns 5
miles main track and branches. 9'7 miles 2d and side tracks, bridge
across Dt-s Moines River and 25 acres of land In Des Moines. See
etatemeitto N. Y. Stock Exchange V. 65, p. 1173. Lea.sed to Waba«h
RR., Chicago Great Western and Des Moines N. A W. Reutal equal to
expenses and flxed charges paid monthly bv lessees on whcclago basis.
Bills payable June 30. 1898. $45,211. Earnings for year 1897-98,
gro.ss. $i28.v07; net. $45,525; interest and taxes". $36,163; bai., surplus. $9.362.— V. 65, p. 1023, 11 73; V. 68, p. 473, 574.
Detroit Bay City A; Alpena.— See Detroit A Mackinac.
Detroit Orand Haven & .TllUvaukee Ry.— Owns from Detroit to Grand Haven, Mch.. 189 miles. A reorganization of September, 1878. The principal and interest on the bonds are guaranteed by
the Grand Trunk of Canada. Stock. $1,500,000; par, .$50. Real estate
mortgages, $226,000. On Jan, 1, 1899, sundry outstanding accounts,
Grand Trunk of Canaaa
$355,043; bills receivable, etc., $9,372.
owned Dec. 31. 1898. £5,753 equip, bonds, £66,678 consols and the
$1,500,000 stock.
Earnings.— 5 mos. ) 1899
Gross, .$349.4?0; net, $40,392
Gross. 358.439; net,
68.181
Jan. 1 to May 31. J 1898
For year ending Dec. 31. 1898, gross, $938,232; net, $238,359;
deflcit under interest, etc., $127,327. For year '96, gross, $964,357; net,
$93,744; deflcit under interest, etc., $277,266— advanced by Grand
Trunk Ry. In 1895, gross. $1,001,091; net. $101,618.
Detroit Grand KapldM A: Western K«.— In July. 1899. consolidation was pending with the Chicago A Wc^t Michigan and Flint
A Pere Marquette under the title of the Detroit A Pt le Marquette RR.
Under the plan, V. 68, p. 1024, the $2,510,000 Det. Gr. K. A West,
common block will be exchanged, dollar for dollar, and the $3,183,500
lirelerred stock will receive $120 In new preferred for each $100 of the
old preferred stock.
First dividend of 3 per cent Mar. 1, 1899.on preferred. V. 68. p. 330.
Gross. $627,673 net. $111,971
Earsinos— 5 months. J 1899
Gross, 599,4)6
net, 127,383
Jan. 1 to May 31.
51898
1896.
1897.
Tear end. Dec. 31.
1898.
Grossearnings
$1,538,688 $1,316,740 $1,171,282
149,161
332,377
Netoverexp.Ataxes
368,103
Other income in 1898, $11,857; flxed charges. $'245,619 balance,
surplus, $134,341.— (V. 68, p. 924, 976, 1024, 1132, 1225).
Detroit liillHdale Ac Soiithwemtern Kit.— Owns from Ypsllantl.
Mich., to Bankers, Mich., 65 miles. I>ea.sed in perpetuity from July 1.
1881, to the LakeShore A .Michigan Southern Co.; the rental Is $54,000
per year 4 per cent on stock. Gross earnings In 1895. $39,961.
Detroit A: Lima NortHern Ry.— Hoad— Owns from Junction
with the C. C. C. & St. L. Ry., south of Lima, Ohio, to Tocumseh,
lillcli., 102 indes; from Tecuiuseh to Dundee, Mich., uses 15 tulles
of Detroit Toledo A Milwaukee Ry. trackage; from Dundee, Mich.,
Into Detroit, the Detroit & Lima .\orthern owns its own track, 43
miles, including connection tracks to other roads and about rtfteen
miles of side tracks to reach Detroit industries.
Columi)us Nortliwestern, owned in the Int-erest of D & L. Northern,
was opened Auif. 15, 1898, from St Johns to Peoria, O., 41 miles A
tralllc arranirement between Peoria &• Columbus, O.. 35 miles, nlves
the I). A L. Nor. a through line from Detroit to Columbus, 247 miles.
In Aug 1898. a branch from St. Johns to St. Marys. 20 miles, was
about completed. V. 67, p 428.
Receiver. -On Sept 6, 1898, James B. Townsend. of Lima. O.. was
appointed receiver and Ii viiig Belford special master to report on condition of the road. J. H. Bache. of New York, Is co-receiver.
B(»«l>noi,liERK' Committke. -.lohn E. Borne. Chalriuan, President
Cidoiiial Trust Co.; E. A. IMerrill, Jules S Bache, Philip l,ehin:iii. and
Edward L. Oppeuheim: t-ecretarv, Frederick J. Lii-niaii, .io Broml
Thl*
Street. New York. Dei»oMltory, Colonial Trust Co., New York.
committee represents both classes of bonds In De<v. 18'.ts,()ver three10'.»,
1207; V.
quarters of both loans had been deposltetl. V 67, i>. 1
;
;
;
—
.
66, p. 616; V. 67, p 4l8, 529. IH!). 955, 1109, 1160, 1207.
IHn nuielle ItH.— SEE MisCEl.l.ANKotisCOS.
.Tliickliiae Ky.— Own-< from Bay City, Mich., V> I-«
Rocque, 157 miles; Rose City Hranrh, 32 mtli-s; Prescolt Branch, 1 '2
miles; Vnl Branch, 26 miles; various logging branches, 67 miles; total,
19 miles (which forms
•294 miles.
1-a Rocque to Ouaway, .Midi
part of the extension t Mackinac), operatcil from Julv 1, l"<'.»s. .Nluch
of the logglne branch mlleiik'e Is temi'orary, linllt only lo bring out
lumber. Hee V. 61, p. 55H. lu 1S!»7 H carried 446.450 tons, of wllloll
lumber and other forest nroducls funilslied f<s-20 per cent.
MIstorv, Et<-. — Formed In Decemlier, 1S94, to succeed the I>etrolt
Bay City A Alpena, sold In foreclosure. " .MortRage bonds" for $.500,ooo are'reserved for betterments, eti*., at not over $"iO.oo0 ]ii<r year.
The stock and .$7.50,000 •' mortgago bonds " are held In truHt, and If
deeme<l best may be converted Into pn-ferrwl stork. Hee V. OO. p. 130STOCK.-The capital stock Is $:i,OiH).()<M), of which l,0<H),00O preferred Is Issuable only for roriveri<lon of bonds as above.
netroK MHrkliiar A
Detroit
A
«
\
;
.
INVESTORS' SUPPLEMENT.
98
LVOL. LXIX.
Sabacrlber« will confer a sreat favor by giving Immediate notice of any error discovered In these Tables.
RAILROADS.
Date
Miles
Size, or
i<o«rf.';— Princi-
INTEREST OR DIVIDENDS.
pal,WhenDue.
Amount
Par Outstanding Rate Per When Where Parable, and by
of
of
Forexplanatlouof cciluiun lieadiugs, &o., see notes
Payable
Whom.
Cent.
Road. Bonds Value.
on rtist page of tables.
Detroit
tt
Vrre Marquttle— {Concluded )—
scrip Jan.l, 1809— V.59,p.737
1894-7 $
* W.M. coupon
C\\.
Pere Marq. Trausportafn Co., gold, p. & 1. guar
Detroit <t Tol. Shoie /-ui*'— Ist M., g., see te.xt.K'.c*
Dover <e Rorkau ay— StocU G p. o., rental 999 years.
mortgage
1st
Ihib.
Sioux C./.V— til- Cen., W. lines, 1st M.,g.o*Ar
Iowa Falls & Sioux City 1st M., la. F. to 8. City.
Cher A Dak and Cedar Rap. & Cliio. Ist niorts.
Itlp.cAr
ihilulh <t Iron Kiiiige— 1st mortgage
2d mort., eurrencv. red. at 105, $5,000,000.0.0*
Ouluth Mixsabe rf .Yo;7/i'(i -Stock ($5,000,000 auth)
Ist mortgage, gold, sinking fund
Ist con.»ol. mortgage, $3,500,000, gold
New •2^i mort. ($5,000,000) gold, red. at 105.Ce.c
<Jt
;
53
'
l",000
1,000
100
1.000
1,000
"5
218
184
197
181
173
1897
1899
I
;
J
1881
1895
1869 500 «feo.
1888
1887 1,000&C
1,000
1896
100
1892
1,000
1893
1,000
1898
I
i
130
130
1897
Thit.Ued Tru(</rf.s«.— lstM.g.,$20,000perm.Cc.c**r
"25
156
416
572
1888
1885
1887
1890
1892
i',606
Ouluih South ^'/i..? .4 //««/!>— Marq.H.ctOn.Gen.M.o*
Duluth South Shore iVAtlan., Ist mort,; gold.. c&r
20
35
35
56
56
1891
1870
1872
1870
1872
1,000
1,000
1,000
1,000
1,000
Kquipmeut
trusts
June
30,
c*<tr
First consol. mort., gold, interest guar
Inc. certs. ($3,000,000 held by C. Pac. Jan., '97)
Car trusts, Oct. 1, 1898
Duluth Transfer— \»X; mortgage for $2,000,000
iruitk.AL Val. dt Pittsb—yr. cfe Venango Ist M., g.o
c
Warren & Venanto, 2d mortgage
Dunkirk Warren it Piitsbursf, 1st mort., gold...c
2d vt 3d mortgages ($200,000 ouly are 3d M.).c
Durham
<£
yorthern Jly—Stock, $500,000 auth.
mortgage
East Broad Top /.'R. ct Coal— iBt mortgage
East Mahanoi/ /f J?.— Stock
42
First
r
36
36
East Fenusulraiiia-StockGi^.O gu.999yr8.Phil.&R.
Ist M., gold, guar. p.il. by P. & R. RR. (end.)..
C
1,000
1,000
1,000
100
1888
1873
1,066
50
50
1.000
1888
1898-9. ...Gross, $534,658; net, $163,501
1897-8.. ..Gross, 431,958; net, 152,031
Earnings.— Report for year ending June 30, 1898, In V. 67, p. 1000showed: g'-oss. .$481,468 net, $177,200; interest, $116,720; taxes,
$6,879; miscellaneous, $2,946; balance, surplus, for year, $53,601.
OFFICERS.— President, J. D. Hawks of Detroit. (V. 67, p. 736, 1000.)
Drtroft
»'ere lUarqiiette RR.—.Will operate a network of
lines lying liiefly in Michisjan, the eastern termini being at Toledo, O.,
Detioit, Mich and Port Huron, Mich, (connecting there with the Grand
Trunk Ry.). and the western termini at La Crosse, Ind. [through panor
«ais also" running to Chicago, 111.], and at Grand Haven, Ludington,
Latest Earnings.—
llmos., July
1
to
May
)
31.
S
;
&
<
on Lake Michigan. One lineextends
Grand Kapids, via Traverse City to Bay View. The
bemade up as follows
Mu.--kegon, Manistee in Jlicliisjan,
northerly Jrom
sj
stem
will
:
Lnies oicned in fee.
Miles.
Alexis (near Toledo) to Ludington on Lake Michigan.. 268
La Crosse. Ind. to Traverse
City,
W» St
Mich
301
Detroit to G'nd Rax)ids,
Mich
147
Pol t Huron to Muskegon
Pt. Huron to Sand Beach, etc.
Miles.
Proprietary line (Ch. & N.M.)
Traverpe City to Bay View.
rracfcogre, etc.,
93
Ann Arbor RR.
6-6
into Toledo
Sparta to Sheriden
Other
3t
23
2 40
110 Total to be operated, about .1,769
200
Spurs, about
Also to own car ferries Milwaukee to Muskegon, and Ludington and
Manistee to Milwaukee, etc., forming part of a short line from nt. Paul
to tidewater, opened Jan., 1497, and four steamers valued at $443,564.
Oi{<;anization.— To be formed in 1899 as a consolidation of the
ClncHgo <fe West Michigan Ry.. Detroit Grand Rapids & Western RR.
and Flint <Sc Pere Marquette RR., per plan in V. 68, p. 1024, 1181. In
June, 1899, a majority of the stocls of tlie three companies had been
<lepo^ited and the plan was declared operative.
tTocK.— The company will be authorized to issue $1«,000,000 com"
men and $12,000,000 4 p. c. non-cum. pref. (to be subject to increase
only with the consent ot a majoritv of eacli ('lass of stock), of which
the terms of exchange will reciuire $10,162,200 preferred and $14,145,500 common, leavine to be sold or to remain in the treasury about
$l,sa7,soo preferred and $1,854,450 common.
Bonds.- lhe$24,811,465bond8 and $~ 33,000 equipment oblitrations
of the ihree companies are not to bo distiiil)ed for the present.
The
company may creaie a
per cent con.solidated mortgage i)roviding
for the ultimate reti'ement of the whole or part ol the existing bonds
and car-irust obligations.
Latkst Earnings —5 mos., 5 1P99. Gross, $2,813,066; net, $573,000
Jan. 1 to May 31.
n>-98. Gross, 2,513,004; net, 547,7^2
Earnings. —The comliined earuiuKs of the three properties were:
Other
546'4
lines, spurs, etc
-4
irare7iilivff Dec. .il—
Total gross earnings
Net earnines over taxes
Other income
Total ret Income
IhQJ.
1898.
$6,5>-5,247
1.587,456
$1 ,625
$5,757,460
1,421.050
$7,876
$1,428,926
$1,292,380
$136,546
$1,60? ,081
$1,303,674
Charges
Balance, surplus, for year
—V. 68, p. 1U24, 1181. 1225.
18 6.
$5,408,520
1,128,465
$',^96,397
RR.—
&
North. Leased to the Cincinnati Northern from Feb. 1, 1899.
Incorporated in June, 1897, to take over the Michigan Division (as
above) of the Cincinnati Jackson & Mackinaw. Capital stoclc is $1.500.000; first mortgage for $1,.500,000 of 5 p. c. bonds, dated Aug. 1,
1897. No bonds i.ssued to March. lB99.— V. 66, p. 708, 1089.
Detroit dc 'loledo Shore Eilne
Road from Toledo, Ohio to
Detroit. -Midi., alumi 53 miles, expected to Ije completed Jan. 1 1900.
Incorporated in Micliigaii, Mar. 31, 1898. as thePlea-ant Bay Rj.,aud
name chantred as hl)ove in April, 1899, the Toledo & OltawaB -acli Ry.,
e> tending from Toledo to the Michigan State line, being ac(iiiired. In
June, l>-99, filed a mortgage for (It was reported) $3,5 47,5(10 (see V.
68, p. 1132; V. 69, ]>. 130). This amount, however, It'appears trorn the
mortgage, should lie reduced l)y $100,000, provided lor the purchase
of the Toledo <fe Ottawa Beach Ry., but included also in tli amount
appropriated for tlie mileage lietween Toledo A; Trenton. President,
John H. Ooyle; Hec. James King Duffy, Spitzer Bldg., Toledo, O. V.
RR.—
,
68,
p.
U32;
V. 69, p. 130.
&. Sioux City RR.— r<Sfee Map of IlHnois Central)Iowa, to Iowa Falls, 143 miles; Iowa Falls to Sioux
184 miles; Manchester to Cedar Rapids, 42 miles; Onawa, Iowa,
to Sioux Falls, Dakota, 155 miles; Cedar Falls to Minnesota State Line
(merged by consolidation in 1896), 76 miles total owned, 600 miles.
Organization.— Controlled since April, 1887, by the Illinois Central
RR., which owns $9,938,600 of the $9,999,600 stock and has issued
Its own bonds on the road; the only D. & S. C. bonds held by the public
are the 78 i8sue<l under Iowa Falls & Sioux City mortgage, $2,-00,000.
Dubuque
Owns Dubuque,
City,
;
6,734,000
See text.
2,512,500
1,111,000
2,251,000
5
6
1904-7
Somi-an
J.
&
A.
&
<fe
&
J.
N. Y..Mer. Ex. Nat. Bk $20,000 y'rly
J 1 St coupon J uly 1 , 1900 Jan. 1, 1958
O. N. Y., 143 Liberty si. Apr., 1899, 3%
J.
do
do
J.
A. N.Y., Office, 214 B'way. Aug. 1, 1951
Oct. 1, 1917
do
do
A. & O.
52.
do
do
d to sec
A. & O. are 111. Central 48 of 19 Oct. 1, 1937
J. & J. N. Y., Office, Mills Bldg. Jan. 1, 1916
F.
<fe
do
do
6
6
5
(?)
& J.
& J. N.Y., Central Trust Co.
do
do
& J,
N.Y., Po.st, Martin & Co,
& J. N. Y., Central Trust Co.
& O, N. Y., Nat. City Bank.
do
do
& J
& A, New York or London.
New York.
J.
J.
J.
g.
g.
g.
63,947
500,000
5 g.
1,077,000
6
3,816,000
5 g.
15,107,000
4g.
3,000,000
4
368,803
1.180,000
6 e.
1,000,000
7g.
300,000
7
1,000,000
7g.
600,000
7
290,100 See text,
150,000
6
500,000
4
497,750
5
6
1,730,450
495,000
4 g.
Jan.
Jan.
Jan.
,
J.
A.
J.
P.
J.
J.
A.
J.
A.
&
&
&
&
&
&
&
J.
D.
O.
D.
O.
1922
1923
1918
1,
1,
1,
1928
1925
1937
Aug.
1990
Dec. 31, 1912
1903 to 1906
Jan., 1921
.fuly, '95, couji. last pd.
N. Y.,N. Y.Ceut.<feHud. June 1, 1900
do
do
Oct. 1, 1900
do
do
June 1, 1900
do
do
Oct. 1. 1900
Jan.
Apr.
Jan.
1,
1,
1,
1,
See text.
Nov., 1928
J.
J Jan., '85, int'st last pd. July 1. 1903
J'nel5,'99,2i«
J.& D.15
J. & J. Phil., Phil. & Read. Ry. June 18, '99,3
do
do
Mch. 1. 19.^b
M. & S,
M.
N.
DrviDENDS— In 1888, 12 of 1 per cent; in 1891, 2 tn 1892, about I5 of
Ip.c; in '93.II4P.0.; in'94, 21^; in '95, Dec, 1; in 1896, 3 p. c; in
1897, June, 1 p. c; Dec, 1 p. c; in 1898, June, 2 p. c; Dec, l^a p. c.
;
& Iron Range RR.— Owns Duluth to Eiv. Minn., 116
wlthbranchestoMesaba Range Mines, Fay al, etc, 65 miles. Owns
ore docks and yards on Lake Sunerior costing over $1.500.ooO.
Formerly controlled by Minnesota Iron Co., but acquired with that
company by the new Federal Steel Co. in 1898.— V. 67, p. 578, 633, 736.
Duluth
miles,
Stock, Etc.— Stock authorized, $10,000,000, outstanding $3,000,000;
par $100. Land grant from Minnesota about 506,000 acres, of which
201,790 acres had been patented to it prior to April 30, 1895— V. 64, p.
1041. The Federal Steel Co. (see Miscel. Co.'s) owns the stock and
$3,500,000 of the $4,500,000 2d mortgage bonds. (V. 66, p. 1237.)
The first mort. bonds are authorized at the rate of $25,000 per mile for
construction and $7,000 for equipment.
Earnings.— Balance sheet on December 31, 1897, was given in V.
67, p. 71. For calendar year 1897, gross $2,644,539; net, $1,117,605; other income, $63,771; interest, $571,600; rentals, $1,890; balance, surplus, $607,886. In year ending Dec. 31, 1896, gross. $1,973,846; net, $879,426; bal., surplus over charges, $325,373.— V. 67, p. 71.
&
Ry.—
Owns from Duluth to MounDuluth inissabe Northern
tain Iron, Minn.,77 miles; branches. 53 miles; trackage to Union Depot,
Duluth, 2 miles; total, 132 miles. In September, 1893, control of thie
road was obtained by the Lake Superior CousoUdated Iron Mines, with
a capital of $30,000,000. On June 30, 1896, funded debt, including
equipment obligations, was $5,564,277.
Earnings.— For year ending June 30, 1898. gross, $2,091,886 net,
;
$963,930; other income, $30,690 charges, $1,287,723 bal.. deficit,
other In$293,103. In 1896-7, gross. $1,586,2 46; net. $1,010,405
come, $11,691; charges, $90.5,914; balance, surplus, $116,182. Total
tonnage in 1894-95 was 1,805,255 tons, of which 1,704,679 was ore.
Ton mile rate 0-996 cent. (V. 66, p. 236, 573 V. 68, p. 282.)
;
;
;
;
inississlppl River &: Northern RR.—In 1899, purchased by Great Northern Ry. and bonds canceled.— V. t>8, p. 187, 822
Duluth
.
Duluth Red
Mf^lng
&
Southern
RR.— Projected
from Duluth
via Red Wing, Minn., and Sioux City, Iowa, t(j a point opposite Omaha.
Neb. In operation from Red Wing, southerly to Zumbrota, 25 miles
branches, 3 miles. Stock, $375,000, of which $125,000 pref.; par, $100.
In year ending June 30, 189'', gross, $78,442; net, $25,541; charges,
.$22,li5; balance, surplus, $3,416. In 1896-97, gross, $65,808; net,
$21,016. President, T. B. Sheldon. (V. 56. p. 403.)
Duluth South Shore
&
Atlantic
Ry.—Operates Duluth to
Sault
Marie, 410 miles; "Soo" Junction to St. Ignace, 43 m.; other, 134
m.; total, 587 miles. Controlled by Canadian Pacific.
Capital Stock.— Common stock is $12,000,000 preferred, $10,000,000; par both $100. Preferred stock is 6 per cent, non-cum. Canadian
Pacific Jan. 1, 1898, owned $6,100,000 com. and $5,100,000 pref. stock,
$3,000,tOO incomes and $15,107,000 consols.
Bonds, &C.— Abstract J?r.s' mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has interest at 4 per cent,
guaranteed by Canadian Pacific, which Jan. 1, 1898, held the entire
outstanding issue [$15,107,0001 in its treasury as security for its 4 p. 0.
debenture stock con.sols for $4,893,000 are reserved for prior bouda
and additional amounts may be issued at $20,00D per mile of new lines
Glni-RAI. FiNAK( E.S.- On June 30, 1898, loans payable $1,451,655'_
Of the tonnage in 1897-8, ores furnished 58 p. c, lumber, etc., 2-') p. c'_
Latest Earnings.- Jan. l to July 7, 6'^4 months, gross, $1,081,815,
in 1899. against $886,251 in 1898.
Earnings.— For year ending June 30, 1898, gross, $1,748,389; net
$642,455; other income, $21,708 interest ou bonds, $859,430; taxes
In calendar year
etc., $49,668; balance, deficit for year, $244,935.
1896, gross, $1,905,811; net, $671,131.
Duluth Transfer Ry.— Operates 24 miles of track. The mortgage for $2,000,000 is to the Melropolitau Trust Co. of Now York,
as trustee. Interest due January 1, 189(), was not paid. John Eliot
Bowles was appointed receiver iii September, 1896. Decree for foreclosure was obtained Decemt)er 21, 1896, l)ut no date of sale tixe I and
no plan prepared to July, 1898; upset price $500,000.
Bondholders' Committee.—Thonias 8. Krutz, Thomas G. Hillhouse, William W. Cook of New York, C. Lippitt of Norwich, Conn.,
and John Foster of Providence control all the bonds.
Stock authorized and outstanding, $2,000,000; par $100..— V. 62, p.
232, 277, 589; V. 63, p. 504. 1159.
Ste.
;
;
Detroit Toledo A: IVilivaukee
Owns Allegan to Dundee, Mich., 133 miles
leases Allegan to Holland (from C.
W. M. in
Dec, 1897), 23 miles; trackage (Ann Arbor Ry.), Dundee to Detroit,
miles,
and
23
Holland to Grand Haven (Chic. & West Mich.), 21 milessee V. 65. p 1173. Connects at Tecumseh. Mich., with Detroit & Lima
;
$662,777
5
160,000
6 g.
See text.
5 g.
140,000
6
35,000
6
5,425,000
4 g.
2,800,000
7
3,930,000 Deposite
—
Last
Dividend.
Slocks
;
Dunl<lrl< Alleglieny Valley & Pittsburg.— Owns from Dun91 miles. A consolidation in 1872
Dunkirk Warren & Pittsburg and the Warren (te Venof the
I^eased for 500
years from 1873 to New
ango companies.
York Central & Hudson River RR., but accounts are kept separate.
Rental is interest on bonds and 1 ^ per cent on stock. Capital, $1,300,000; par, $100. The N. Y. Central & Hudson River Co. owns $1,067,600
of the stock. For year ending June 30, 1898, gross, $224,271; net,
kirk, N. Y., to Titusville, Pa.,
after deducting taxes, ,$42, 39; interest, etc., $203,500; dividends
paid (1^2 p. c). $19,500; deficit for year, $180,761. In year 1896-97
gross, $207,031; deficit under operating expenses and taxes, $5,340
July. 1899
KAILKOAD STOCKS AND
|
SabMrrlbers will coiiTer a sreat favor by
RAILROADS.
.,,,
39
BOJ^US,
immediate notice of any error dlncovered In thene Table*.
Band t -PrXnciINTEREST OR DIVIDENDS.
^ , Size,
„,
Date
or
pal, When Due.
Amount
glvlii*;
MllesJ,
of
Par
For explanation of ooluiun headlnKS, Ac, see notes] of
Rate Per Wlien Where Payat)le, and by
Road. Bondu Value. Outstanding
on first paire of tables.
Cent.
Payal)le
Whom.
C
Term inal— 1st mortiraef, uolrt
Funded coupon scrip (1st and consol. niortKasres)
2d M. ($300,000), K., red. at 10.5 & Int. any M.&S
S ist Shore
East Tenn. dt Western X. C«r. — First luortgaKO
El*! dt West KK.— Stock $1 ,500,000
Eastern Kentucky «y.— Stock ($1,779,500 is pref.)
Kel Sirer— Stock
Ki<fiyi Joliet dt Eastern— 1st >I. ($10,000,000) Kold.o*
Ktrmra Cortland ce Northern—See iKitiGii Valley
*ilmira <t Lake Ontario Sodus Bay & So. 1 st M. »:. c
—
—
Klmira
,
1
I
94
180
UK
34
iri7/in»ijf/>o/-<— St'k.coui., ."ip. o. ren'l.N.C.
Preferred stock. 7 p. o. rental, 999 yrs., No. Cent.
751a
Istniort., convertible into
751a
dt
common stock at par.r
o*
Income bonds, 999 years to run
Erie dt Centra X. F.— Ist mort.. «old. $800,000. .c*
itrie <t Pi</ji.— Stock,
7
p. o.
rental,999 yr8..PeunCo.
Equipment bonds
Oeneral mort., $4,500,000. gold, guaranteed
c
1890 $1,000
1894
Text.
1892
1,000
1871
100
100
100
1891
1,000
I
I
1884
1,000
50
50
75 >«
'l9
85
81
81
Eri« Railroad Co^^^pn»^^/— Common stock
Pref. stock, non cum. ($"U>. 000.000 is -Jd pref.)..
A— Old Bond« AssUMKt)— Roads Cossolida TED.
446
N.Y. AE. 1st M..Pierm. toDun., ext., '97, gold..oc*
446
2d mortijaije, (extended in 1879) gold
C 446
3d mortgage, (extended in 1883) gold
c*
465
4th morttratre, (extended in 1880) gold
c*
465
5th mortiraire (extended in 18S8), gold
to
Attica.g.c*
60
Erie R'y,lst M.,Bufl". Br., Hornellsv.
526
let oon.soi. mort., $30,000,000, gold, $ <& *...c*
526
N. Y. L. E. & West, funded coupon bonds,' gold. o*
o*
140
Bufl. N. Y. & Erie, 1st M. (Bultalo to Corning..
Buff. & Southw., 1st M., Buff to Jame.stowu.g.c*
67
c*
12
Newburg * N. Y. 1st mort., extended in 1889..
23
Snspen. Brida-e & Eiie .Tunc, l.st M., cu. by Erie
1860
1,000
1863
500
1895 100 *c.
50
1870
1,000
1890
1.000
100
100
1847
1,000
1879
1,000
1853
1,000
1857
1,000
1858 500 <&o.
1861 200 &c.
1870
1,000
1878 500 &o.
1876
1.000
1877 50 &c,
1868
1,000
1870
1,000
Darhflm & Northern Ky.— Henderson
to Durham, N. C, 42
Part of the " Seaboard Air Line" system. Dividend in 1892-93
2 p. c, in 1895-96 21.3 p. c.
Earsinos.— For year ending June 30, 1898, gross, $79,025; net,
$23,906; interest and taxes, $10,601; dividends, 2 p. c, $5,802; bal
ance.surp. for year,$7,403. In 1896-97 gross, $63,871; net, $18,794.
miles.
East Broad Top
RR. &
Coal Co. (Pa.)— Owns from Mount
Union, Pa., to Woodvale, Pa., 31 miles, and leases Shade Gap, 11 miles,
and branches to mines, 3 miles; total, 45 miles. A coal road opened
In 1874. Reported sale was denied in July, 1898. V. 67, p. 177.
Stock $815,589 (par $50). of which $247,189 is 6 p. c. pref.; current
Uabilities June 30, 1897, $271,202.
Earnings.— Year ending June 30, 1897, gross, $69,050; net, $9,169;
other inci^me, $569; interest, etc., $23,955'; baL, deflcit, $14,217.— V.
67, p. 177.
RR.—
Eaat TIahanoy
Owns from East Mahanoy June, to Waste
miles. Re-leased Dec. 1, 1896, for 999
years to Little Schuvlkill Nav. KR. and Coal Co. at 5 per cent on stock,
and lease assigned to t'hil. A R. Ry. Of the stock $280,000 is owned
and deposited by the Reading Company under its general mortgage.
Owns Reading, Pa., to Allentown, Pa..
EaMt Pennttylvanla
35 miles; second track 18 miles; all track 71 miles. Leased for 999 years
from May 1, 1869, tot^e Philadelphia A Reading RR. at a rental of 6
Lease asper cent per annum on the stock and interest on the bonds.
sumed in 1896 by the Pliila. A R<-adin>r Hailioai/ Co. Of the stock
$875,000 is owned and deposited by tlie Reading Company under its
general mortgage of 1896.
V&mt St. l.oiil" Jk Oarondelet Ry.— East St. Louis to Falling
Springs and E. arondelet. 12 m. First 7s, $200,000 were paid in '97.
Unfunded debt March, 1899, $200,000.
Earninos.— For year ending December 31, 1898, gross, $119,083;
net, t54,031; charges, .$$11,611; balance, surplus, $42,420.
Eatit Shore Terminal Co.'n
Road.— Owns terminal road
In Charleston. S. C. 3 miles double track laid with 60 pound steel
Company also owns 14 wharves, 30 warehouses, at)out 30 acres of
land, 4 cotton compresses, etc., on the city's water front, these lieins
connected l>y it> own road with tlie other railroads entering the city. I n
February, 1898. the interests controUinsr sold their lioldinirs to C. C.
Cuyler, of Cuyler, Morg.in A Co., .''Jew York, in the interest of the
Plant system and a-ssociates. Bonds have been deposited with the
Metropolitan Trust Company.
Receivership.— W. E. Huger was appointed receiver In January,
1896.— V. 62, p. 138. Stock outstanding, $1,120,000.
Earnings.- Net earnings for year ending June 30, 1898, were $25,20t; in 1897, $26,638. (V. 62, p. 138; V. 66, p. 425.)
East Tennenaee Virsinia
Oeors^ia.—See Sodthern Ry. Co.
House Run and brandies, 15
RR.—
$1,000,000
166,480
277,000
250.000
1,500,000
3,447,300
3.000.000
7,417,000
500,000
500,000
500,000
963,000
570,000
590,000
2,000,000
100,000
3,658.000
112.246,300
5
g.
&
F.
Stockt— Last
DIvldeud.
In default.
A.
Aug.
1,
1915
Mch.
Nov.
1,
1,
1902
1905
Text.
8 g. ,M.
&
M.
6
See text
S. Phlla. Ou. T. A S. D. Co.
8.
A-
A O.
& N.
5 g. J. &
5
M. A N.
7
J. A J.
6
J. A J.
5
A. A O.
F.
A A.
!«•
Q.-M
A. A O.
7
3>2 g. J. A J.
3
5
A.
g.
See text.
N. Y.,71
M.
Apr.
Broadway.
N. Y., Nat. Bank Com.
Phila., Broad St. Sta.
.1.
May
5, •99,l»fl
1941
1,
July 1, 1924
See text.
do
do
.See text.
do
Jan. 1, 1910
do
Oct. 1, 2862
New York.
Aug. 1, 1915
N. Y., Union Trust Co. Juno,'99,l\%
do
do
Oct. 1, 1900
do
do
July 1, 1940
do
do
513,844,000
2,482,000
2,149,000
4,617,000
2,926,000
709,500
182,600
16,891,000
3,699,500
2,380,000
1,500,000
250,000
965,000
4i«g.
M.
M.
M.
5
A.
4
g.
g.
5
g.
4
4
7
7
7
A
A
A
A
A
A
J.
J.
'
7
8.
O.
D,
J,
8,
A
A
A
A
A
J.
J.
do
do
do
do
do
do
do
do
do
do
do
8.
A
M.
M.
N. Y., 21 Cortlandt
N,
8.
D,
J
J,
J.
St.
do
do
do
do
do
do
do
do
do
do
do
May
1.
Sept.
1,
Mch.
1,
Oct.
Jan.
1,
1,
1,
1.
1,
1,
1,
1,
July
1,
June
July
Sept.
Sept.
June
July
1947
1919
1923
1920
1928
1931
1920
1920
1916
1908
1929
1900
Elgin Joliet &. Eastern Ry.— Owns from Waukegan, 111., od
Lake Michigan, via Spaiilding and Joliet, to Porter, Ind., 130 miles,
and branches Normantown to Aurora, 10 miles— Walker to Cos-
Hammond to Whjting, Ind., etc., 9 miles; total
180 miles; spurs to coal mines, etc., 14 miles;
A Chicago, 9^; Cliicaso A West Indiana, 48; Belt
III.— 32 miles;
line owned,
ter,
main
trackage
(L.
N. A.
Ry. of Chicago, 2), 16 miles; side tracks and yards owned, 81 miles,
total track operated. 291 miles. Entire capital stock owned by new
Federal Steel Co. For terms of Interchange see Stock below. V. 67,
p.
578. 633.
Organization.— An outer bolt
line at Chicago for transferor freight
without breaking bulk. Also reaches coal fields.
Over 90 per cent of stock was acquired in lb 98 by Federal Steel Co.
— V.
67, p. 578, 633, 736.
Stock.— Stock, $6,000,000
,
par, $100.
Bonds, ETC.—Fir8tmortgage(tru8tee8 Central Trust Co. and Augustus
L.Mason) is for $10,000,000; the balance unissued can be disposed of
for extensions, betterments, etc. Equip, notes June 30, 1898, $36,846,
and loans and bills payable, $2,000.'
Gross, $1,525,185: net, $619,085
Earnings.— 11 months,) 1898-9
July
1 to
May
31.
$
1897-8. ..Gross,
Annual Report.— Fiscal year ends June
was given
1.284,238; net, 455,088Report for 1897-98
30.
in V. 67, p. 947.
1896-97.
1894-95.
1895-96.
Tear end. June 30. 1897-98.
Ions carried 1 mile.218. 587.896 182,853,924 193,818,870 162,252,418
.+0-0065
$0-0061
$0-0064
Av. rate p. ton perm.
$0-0062
Gro.ss earnings
$1,390,695 $1,184,646 $1,292,421 $1,080,686
846,306
730.752
901,768
772,064
Expenses and taxes.
<
RR.—
&
& Western North
C^arolina RR..— A narrow-gauge road from Johnson City, Tenn., to Crani)erry, N.C. 34 miles,
opened in 1882. Morttrage trustee is (Guarantee Trust A Safe Ue])osit
Co. of Philadelphia. Stock June 30, 1896, $.501,900. Extension Cranberry to Linville, 14 miles, is being built by a separate company and
East TenneHHee
was \inder constniction In October, 1897.
Earnings.- For year ending June 30,1897,
gross, $40.2.56 net,
$2,419. In 1895-96, gross, $51,318; net, $14,139, against *9,162 in
1894-95; charges. $17,711.
West Railroad.— Cartersvllle, Ga., to Pell City, Ala., 117
East
miles; branches, 5 miles. Extension fiom Pell City to Birmingham is
projected. Fnnnerly the East d- West lilt. 0/ A lulia ma, »nl<l in foreolosure May 29, 1893. (V. 56, p. 923.) The present company was incorporated under laws of Alabama Jan. 11. 1894. No bonds issued.
As to decision in Kelly suit and proposed purchase of road by Seaboard
Air Line, see V. 66. p. 384. President, Edward Kellv, New York. In
year endintf June 30, 1898, irross, $1 16,438; net, $1 1.()24; total deductions, .$61,698; balance, surplus, $1,790.— (V. 66, p. 384.1
Eastern Kentucky Ry.— Road from RIverton to Webbvllle, Ky.,
36 miles. Chartered in 1866 and pened through In 1889. Stock is
common $1,697,800; preferred $1,779,500. There are no bonds. Bills
and accounts payable June 30, 1897, «53,613. Earns, for \ear 1897-8
gross. $35,466; net, $4,600. In 1896 9.7 gross, .fSS, 140; net. $5,881.
EnMtern RR. (N. H.)— In June, 1899, consolidated witn Boston
;
&
•
A
Maine RR.
Eel River
RR.—Owns
from LoKansport. Ind.,to Butler, Tnd., 94
1877. I^eased for 99 years, April 1. 18g7,
renewable forever, to Wabaxli, at 2 per cent yearly ou the stock till
April. 1892. then 2>a till 1895 and 3 per cent tliereafter. but in .luno,
1897, a decision was rendered In tlie Superior Court of Indl.ana revoking the charter of the Eel Kiver for li.'iving leaded Itself to a comiieting
line, an appeal from which wao pending in July, 1898 — see Wabash
Item V. 64. p. 1089. Sept. 8, 1897, Richard Rurldell of Kokomo, Iiid.,
was appointed receiver, Imt never took possession of the property and
dividends were paid regularly to Ai>r., 1899, Inclusive.
(V. 58, p.
716, 1110; V. 64, p. /oSq.; V. 65. p. 462.1
A: St. I.oiils R R.— Projfcted from Eldon, la., to Mexico,
Mo.. 132 miles. Stockholder s hto to vote May 23. 18M9. on a proposition to issue $3,00<J,000 1st mongage bonds. V. 68, p. 671.
mlleit.
Foreclosed July
EMnn
6,
Net earnings
Interest and rentals.
$488,927
365,921
$412,582
356,330
4,778
15.339
MisceUaneous
$446,115
345,873
23.311
$349,934
335.418
44,028
8r.$H8,228 8ur.$40,913 8ur.$70,931 def.$29,512
Balanc'?
— (V. 67, p. 578, 633, 736,
947, 1263.)
Elmira Cortland &. Northern Ry.—fSee Map Lehigh rnlleij.)—
Owns Elmira, N. Y., to Canastota, N. Y., 119 miles, and leases during
corporate existerce, Canastota Northern, Canastota to Camden. N. Y.,
21 miles. In 1896. the $2,000,000 stock was purchased and 5 per
cent bonds guaranteed by the Lehigh Valley. (V. 62, p. 1177; V. 63,
p. 402.)
Owns from Canandaigua, N Y., to
Ontario
Elmira 6c
Cheiiiunir Junction, 64 miles Sodus Point to Stanley, 34 miles other 2
—total, 100 miles. A consolidation in Decemlier, 1886, of the Sodus Bay
A Southern and other railroads. Leased at cost of operating to the
Northern Central, which owns all the $1,500,000 stock. Lease may
be terminated on thirty days' notice. Year ends Deo. 31.
Bal., def.
Jnterest.dc.
firl.
Gross.
Earnings.
$7v.o51
$67,':59
$650,880 deb. $11,292
1898
Ry.—
Lake
;
;
1897
714,616
43.578
61,205
20.686
Elmira Al Willianisport Ry.— Owns from WiJUamsport. Pa., to
E mira, N. Y., 75»a miles. Leased to the Northern Central Ralway
for 9'.)9 years from May 1, 1863. The dividends on the coiiuiion stock
are 5 p. c. and on the preferred 7 p. c. less taxes, making dividend on
common 4*58 per cent and on preferred 6-38 per cent. Year endln?
Dec. 31, 1898, gross, $920,4.56; net, $91,."62: reiiuil (exi lusivc of
lnte^.^^t on erjuipiufnt as publii-hed in 1897), $154,229. In
1897, gross, $1,033,541; net, $250,397.
See New Mexico Rv. * Coal.
El Faso &: NorllieaNicrn
Vork fly.— Cortlandt. N. Y., to Cl> cln"
Erie A (eiitral
Stock. $^00,000: par, $liO'
natus. 19 mile-; completed May. 1898
outstanillng, (!). Bonds are subject to call at par after Aug. 1 1900'
Morttauo trustee, H annllcn Trust Co.. hrooklyii, N Y. l-(>r3mo8'
ending •'ept 30, 1898,gioss, $5,798; net, $1,150. President (Aug.1898), Charles O. Scull, Baltimore, Md. (V. « 6, p. 857; V. (.7, p. alit.)
Owns New Castle. Pa., to (Jlrard. Pa., 81
Erie & Plttshiira
mllef; branch, to Erie Docks. 3 miles; trackage, to Erie. 17 miles; total
operated. 101 miles. Leased to the Pennsylvania Railroad for 999
years from March 1, 1870, at a rental of 7 per cent on stock and
Interest on the bonds, and the lease transferrecl to the Pennsylvania
Company. Under the general mortgage sutllclent bonds are reserved
to retire prior bonds when due. (ieii. mort. 3H!S were l«su(-d July 1,
1898. 10 refuixl consol. Vs maturing on that dat«-. and in 8opt.. 18>»8,
(fen. mort 4s. except .$390,all the old bonds. Including the $1 .oOO.Oi
000 »qiil|)mcnt 7s. had been refunded.— V. (>6. j). 108S»; V. 67. p. 689.
E\l{viN<iS — The lease has been (iiiite nni>rr)t1tHl)Ie to the leswees. the
dellclenev being In 1892. $206,430: In 1893. $1'.h.216; In 18<14.
«86.2)2;'ln 1M<»5 prnttt .$7,521; In 1896 loss $321,7.50; In 18tf7. .*39,781.— V. 66. p. 2^*9. 1089; V. 67, p. 68 •.
*Ui.04i
RR.—
New
.
RR.—
pa/;r. — Km braces trunk
from Jersey City, opposite .New York City. t^> Chicajfo. 111.. 086
miles and branches 1.285 miles; total. 2.271 mile-: second tnn-k. 663
miles; 3d and 4th tracks, 8 miles; total, 2,w4 1 miles. The t<it4il of
2,297 miles comprises
Erie Railroad. — *'rr Map on adjoining
line
\
g
1
«0
;
INV^ESTORS'
SUPPLEMENT.
[Vol. LXIX.
Subscribers will confer a great favor bf glTlng Immediate notice of any error discovered In these Tables.
Btmd*— PrlnelINTEREST OR DIVIDENDS.
RAILROADS.
j^j.j^^ ^^^^ Size, or
pal,when Due.
Amount
Par
of
For explanation of column headings, Ac, see noteS' of
Outstanding Rate Per When Where Payable, and by Stocks— liSbBt
Road. Bonds Value,
Cent.
Payable
Whom.
Dividend.
on tlrst page of tables.
!
i
Erie
littilroad — iVoncliuted) —
B— Bonds
ON Properties Controlled by
Ownership OF Enti
Ridgow. N.J.
•Cli.ife Eric lstM.,K.(Marion,0..to Hamm'd.Ind.o*
Chicago & Atlantic Terminal, Ist mort., gold ..
JElmlrai State I^ine Railroad, 1st mortgage
HQosh. & Deek'fn, 1st & 2d M's., ($60,000 are 2d)
10
249
*Jeffers'n,let<fc2dM'8.,ex.in'87&'89(U'daleBr.)o
o*
1st mort., Carbondalo to S. depot, gold
'Long Dock Co.con8.M.,g.(now lstM.)(8eetext)o*
HMont. & Erie, lat <fe 2d morts. ($40,500 are 2d8)
UN. Y.& Greenwood L., Prior lien M.,$l,500,000,g.
tNevr Jersey ifcN. Y.,lBt INL (reorganization)...©*
Gen.M., $1,200,000 (red. 105 after 5 years)...
N. J.& N. Y. Exten. Ist M., int. gu. by N.J.& N. Y.
8
Bersen Co. RR.,
let M.,Ruth. Jc. to
1889 $1,000
1890
1,000
1888
1,000
1875 500 &c
I
....
I
7
]
l'88-'89
....
1867 500 &C,
1,000
1889
1885
1,000
37
....
....
t
'66-'67
1896
1880
1893
1887
1882
1883
1880
40
34
2ifl
N.Y.L.E.& W.C.& RR. let M.,"lawfulmouey".0'
*N. Y. L.E.& W.D.& T. Co. Ist M., see V. 56, p.82.c*
100 &c.
500 &c.
500 &c.
1,000
1,000
1,000
500, &c.
Ohio, prior lien M., gold, $&*... .c* 431
Do. Leased lines see separate statements for Clev. &Mah. VaUey
tN. Y. Susquelianna & West.— See separate state ment.
TFNortheru New Jersey— see that company.
.... •52-'75 500 &o.
;Tloga Railroad bonds. (See that company)
•N. Y. Pa.
&
—
RE(*)
or A
M
AJORITY «) OfCa piTAL Stock, or by (H)
A. <fe 0. N. Y., 21 Cortlandt St.
M. & N.
do
do
J. & J.
do
do
A. & 0. Elmlra,Chemung Co.Bk
Various
$200,000
6
12,000,000
5 g.
300,000
5 g.
160,000
7
246,500
6
300,000 412&6
2,800,000
5 g.
7,500,000
6g.
170,500
5
1,500,000
5 g.
400,000
6
580,500
5
6,000
6
1,100,000
6 cur.
3,396,000
6
4i2g.
8,000,000
RR., Sharon Ry. and
& J.
A. & 0.
A. & 0.
Various
M. & N.
M. & N.
J. & J.
M. & S.
M. & N.
J. & J.
M. & 8.
J.
NewCas
Phlla., Fidelity Tr. Co.
N. Y., 21 Cortlandt St.
N. Y.,J. P. Morgan
Co.
N. Y., 21 Cortlandt St.
Lease.
Apr. 1, 1911
May
Oct.
Jan.
Oct.
do
do
do
do
do
do
do
do
N. Y., 21 Cortlandt
do
do
do
do
May
May
&
1982
1918
1905
1928-29
July 1, 1927
&
tie
1,
1.
1,
July
1,
1,
1909
1935
1926-27
1,
1.
1946
1910
1932
June
1910
1922
1913
1935
July
Mar.
1,
1,
1,
1,
1905
& 1915
St.
July
1,
1908
London.
Jan.
Jan.
1,
1,
1996
1996
St.
May
Shen. Valley.
|
C— Krle
Railroad Company
New
504,500
5
&7
New 2d mort. on Buffalo & Southwest'n, gold.c'
New Istconsol. M. for $175,000,000 seourinir:—
67
i
c*&r
Prior lien bonds, $35,000,000, gold
Gen. lien, $140,000,000, g. 3 %to J'ly,'98).o*&r
N. Y. Car trust, 1888, ser. A. (guar, by D. & H.)..
1895
1,000
1,000,000
5g.
J.
1895
1895
1888
1,000
1,000
1,000
1,000
31,452,000
31,954,000
I 1,945,340
4g4g.
J.
J.
J.
5
5
N.Y.L.E.& W. car tr.,B. to 6. inol., part pd. an.c*
(
.... 1895-6
990,000
New Erie RR. trusts (V. 63, p. 514)
(1)
W.Y.Pa. & Ohio eq. trusts, snk. fd. 3?, dr'n at 100 .... •88-'90 i"io6
1,588,970
6 g.
Avon Oeneseo & Mt. Morris and Rochester & Qenes see Va Hey Sto cks—See th osE Cos.
Erie Ballroad.— Concluded.
Miles.
Lines owned in fee.
Piermont, N. Y., to Dunkirk.... 447
Buffalo to Jamestown
67
140
Buffalo to Corning
112
Other branches
Stock all * or nearly all \ owned.
Various.
Bonds.
&
&
&
J.
J.
J.
N. Y.,21 Cortlandt
New York &
N. Y.. 21 Cortlandt
&,J. N. Y., 21 Cortlandt
do
Various
do
do
do
London.
Various
St.
St.
$63,000 Jan.
Yearly to 1905
Yearly.
1908
& 1910
marked with a * or a J (except N. J. & N. Y. bonds,)
them up and pledge them with the trustee at maturity.
A description of the Long Dock 6s was in March, 1894, Supplement
under N. Y. L. E. & W. The yearly rental Is $450,000.
For N. Y. Lake Erie d W. Coal dt RR., see Supplement January,
table that are
Leased lines.
Avon Gen. & Mt. Morris
Montgomery & Erie
Northern N. J
Goshen
&
& Deckertown
Miles.
1T18
1110
1[26
1112
1T18
Genesee Valley
Leased to Nypano RR.
11249
'Chicago* Erie
1145 Cleve.A Mahoning Val
•Jefferson RR
1181
New Castle & Shen. Val
1[5
1117
IN. Y. & Greenwood L. & brs
JNew Jersey & New York
1135 Sharon Railway
1T15
•Nypano RR
11430 Operates No. of N. J. and purchased control In July, '97. 1126
JTiogaRR
58
167 Other lines
105
Other lines
Trackage
168
Roch.
. .
and
to take
1895.
Fixed Charges.—" The fixed charges of the Erie System (calculated
on all bonds which will be outstanding on completion of the reorganization) are reduced from $9,400,000 to $7,860,000 per annum (including prior lien bonds $1,176,000; undisturbed bonds and stock
$5,500,000; general lien bonds, $1,184,000) and for the first two years
after reorganization a further reduction of about $300,000 per annum
made to an amount nearly equaled by the net earnings of the
property in 1893-94.
Is
General Finances.—The old company was greatly hindered by
lack of capital, but this Is remedied by the bond issues allowed under
All lines oper. in system
2,297 the new mortgage. Control of the Northern RR. of New Jersey was
N. Y. Susquehanna & West.. 236 purchased in July, 1897. Control of the New York Susquehanna &
H See this company.
History-.— On Dec.l, 1895, succeeded to the property of the old New Western— which see— was acquired in 1898 through an exchange of
York Lake Erie & Western RR. Company, sold in foreclosure on Nov. stock. V. 66; p. 335, 573.
6 under its second consolidated mortgage. The new company holds in
Earnings.- 11 months, ) 1898-9. Gross, $30,463,837; net, $7,777,879
fee or through ownership of all or practically all the stock of the indeJuly 1 to May 31.
31,007,660; net, 7,768,642
i 1897-8. Gross,
pendent companies, the line from New York to Chicago (including the
For 9 months ending Mar. 31, 1899, net, $6,611,256; other Income,
and Chicago & Erie companies) and also all branch and
Nypano
101, 512; charges, $6,617,149, agst. $6,276,095 in 1897-8; surplus,
subsidiary lines except a few small properties aggregating about 300
miles held under lease. The reorganization plan of August, 1895, was f 95,tj20.
given at length in V. 61, p. 368.
Annual Report.—Fiscal year ends June 30. Report for 1897-8
In January, 1898, control of the N. Y. Susquehanna & Western was given in full in V. 67, p. 576, 631; see also editorial on page 614.
obtained. The road is operated as an Independent Une. The acquisi1896-97.
1897-98
tion will save the Erie considerable double tracking see V. 66, p. 83 Gross earnings
$31,497,031
$33,740,860
335, 573, and editorial p. 53. See Stock below.
23,332,243
Working expenses
25,438,038
Nor. RR. of N. J. leased and 4 per cent guaranteed on its $1,000,000
etock in June, 1889.— V. 69, p. 81.
8,164,788
Net earnings
$8,302,822
In June, 1899, a controlling interest in the stock of the New Castle Net earnings Erie coal companies
134,312
209,785
<fe Shenango Valley RR. was acquired in the interest of the Erie RR.
179,201
Income from other sources
203,583
V. 68, p. 1075.
Coal and Steamboat Property.—The Erie coal properties repreTotal net income
$8,478,302
$8,716,190
sent an aggregate of 10,500 acres of anthracite, of which about
Deductions
9,000 acres are held In fee; also 53,000 acres of bituminous coal Interest on bonds
$6,533,616
$6,465,831
lands held in fee 14,000 acres of bituminous held under mineral Rentals of leased lines
1,067,095
1,077,857
rights. Its coal tonnage in the year 1896-97 aggregated 8,731,057 out Percentages due leased lines
244,270
304.443
of the 20,122,086 tons hauled. The Union Steamboat Company has its Interest on car and equipment trusts
261,100
213,193
terminal and other properties in Buffalo and a fleet of eight lake steam- Interest on mortgages
20,201
20,947
ers. See V. 63, p. 514.
$8,126,282
Total charges
$8,032,271
Stock.— The slock Is to be held by J. Pierpont Morgan, Louis Fitz$352,019
ferald and Charles Tennant, Bart., voting trustees, for five years, and Balance, surplus
$633,918
hereafter until the new llrst preferred stock shall have received 4 per
Officers—
President, E. B. Thomas
Secretary, J. A. Mlddleton
dividend
in
cent cash
one year. In the meanwhile certificates of Treasurer, A. Donaldson Auditor,
J. T. Wann.
beneficial interest are outstanding. The new company reserves the
Directors.— C. H. Coster, J. J. Goodwin, Abram S. Hewitt, John G
right to redeem either class of its preferred stock at par in cash. Provisions of voting trust and preferred stock certificate were given in McCullough, D. O. Mills, Alexander E. Orr, George W. Quintard,
Samuel Spencer, Fi-ancis Lynde Stetson, Eben B. Thomas, J. Lowber
Supplement of April, 1897, page 3.
In Marcli, 1898, Erie pref. stock was authorized to be increased from Welsh. Samuel E. Williamson and R. M. Qallaway.
$30,000,000 to .$43,000,000, and common stock from $100,000,000 to
(V. 66, p. 573, 759, 953; V. 67, p. 74, 221, 477. 576, 614.681,
$113,000,000. to acquire ^ew Y'ork Susq. & Western stock.- See V. 633, 63 8, 900, 1003 V. 68, p. 379, 926, 976, 1075 V. 69, p. 79, 180.)
€6, p. 335, 573.
£ureka Springs Ry.—Seligman, Mo., to Eureka Springs, Ark., 18i«
Bonds.— New York & Erie first 7s for $2,482,000, due May 1, 1897 miles. Stock, $500,000; par, $100. In year ending June 30, 1898,
wore extended for 50 years at 4 p. c, payable p. & i. in gold. V. 64, p eross, $59,914; net. $30,552. In 1896-97 gross, $60,047; net, $27,413.
180, 1040. The new first consolidated mortgage is for $175,000 000 In June, 1899, the St. Louis & North Arkansas KR., it was reported,
[Farmers' Loan & Trust Co. trustee]— see abxtract of deed V. 62, p. 89 had been organized to extend the road to Harrison, 50 miles
and secures $35,000,000 prior lien bonds and $140,000,000 gonerallien
Evansvllle &. Indianapolis R.R.— Owns Evansville to Terre
bonds. Of the $35,000,000 prior hen bonds, $5,000,000 are to be used
Haute, Ind. (via Worthington), 138 miles; branch 6 miles; leases branch
for Improvements.
Of tlie $140,000,000 general lien bonds, $91,968,000 are reserved for 12 miles.
the ultimate acquisition of all bonds and guaranteed stocks now left
History, Etc.— A consolidation In 1885. Of the consols $904,000
undisturbed on various parts of the system [excepting the $1,000 000 held to meet prior liens. The consols, and the bonds of 1924 are guarseconds on Buffalo & Southwestern— see list V. 62, p. 89], and anteed by Evans. & Terre Haute, which owns capital stock, $2,000,000.
$17,000,000 are reserved for new construction, betterments, addi'tions,
Latest Earnings.— From January 1 to July 14 (6^2 months), gross,
«tc., after 1897, under carefully guarded restrictions, not
over
$1,000,000 to he used in any one year. The general lien bonds bear $168,127 in 1899; $155,391 in 1898. In year 1897, gross, $291,097.
Report.- Fiscal year ends June 30. In 1897-8 gross, $319,811;
Interest from July 1, 1896. first coupon being January 1, 1897, at
net, $lld,662; interest, taxes, etc., $174,980; bai., deficit for year,
3 per cent per annum for two years and 4 per cent thereafter.
The position of the first con-olidated mortgage is substantially $61,318. In 1896-97, gross, $278,428 net, $63,020; interest, taxes
as follows: It is a first lien, either by mortgage or collateral tru.st and rentals, $174,444; balance, deficit, $106,424. (V. 63, p. 878.)
[the prior lien bonds, however, preceding the general lien bonds] upon
Evansville dc Rlclimoud Ry.— See Southern Indiana Ry.
the company's principal coal properties, upon its water transportation lines. Including valuable terminal properties appurtenant thereto,
Evansville Jk Terre Hante
The system includes
and upon a number of profitable local lines in New Jersey and near
Road owned and operated. Miles. Oontrolled~o/>. separately. Miles.
Buffalo; it Is a second hen upon the remaining coal properties and
Evansville & ludianapoiisH
upon the railroads leading to all the coal properties, upon the ter- Evansville to Terre Haute.. 109
53
Evansville to Terre Haute
minals at Jersey City, upon the Buffalo New York & Erie Railroad Branches to Mt. Vernon, etc.
5
via Worthington, etc
Evansville Belt (stock held)
156
(the main line to Buffalo) and the Buffalo terminal properties other
Leased to other co.'s Rockthan those upon which it is first lien, and upon the entire line from
167
ville extension
Total in earnings
23
Salamanca to Chicago; it is a second consolidated mortgage upon
IT See this Company.
the lines of the origiudl Erie Ry. between Piermont and Dunkirk (446
In June. 1899. contracts were reported let for extension from Shelmiles.)
burne, lud., to Star City, 3 miles, and Hymeria to Pittsburg, 4 miles.
Real estate mortgages outstanding Sept. 30, 1897, $438,700.
Old ifoHf/x- Under the first consol. mortgage of 1895 the company
Organization, Etc.— Formerly Evansville <fe Crawfordsville RR. Has
«ovenant8 to pay the interest regularly on all the old bonds in the close traffic contract with Chicago & Eastern Illinois for route to Chicago.
Total
1,801
RR
—
—
;
;
.
—
;
;
;
RR.—
.
:
JruY
1899.!
itAlLBOAD STOCKS
ANO
IX)ia)&
61
\
INVESTORS' SUFPLEMENT.
63
[Vol. LXXI.
Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables.
RAILROADS.
Miles
Kor explanation of column headings, &o., see notes
on
tlrst
page of
tables.
Mureka iSprt«firs—l8t mortgage, gold
2d mortgage Income bonds, non-cum
Svantrillf
dt
ludiauapolis—T. H.
&
c
Southe.lst M.o*
Con.M.($2.500.000)g.,gu.p..ti.(end.)Ev.&T.H.o"
MvangvilU <6 T. H.—Pret. stock, non-cum. See text..
Consolidated mortgage (now Ist lien), gold
c*
1st consolidated mortgage, gold
c*
Mt. Vernon Branch mortgage, gold
gold.,
o*
Sullivan Coiintv Coal branch mortgage,
c*
Ist general mortgage for $7,000,000. gold
Bvansvitle Terre H. <t Chic— 1st M., g.,lnt. guar..o'
c"
2d mortgage, gold, int. guar, by Ch. <fe E. Ill
Fall Brook—Stock (f500.000 is 7 per cent. pref.)...
CowancPiiue Valley KR.. l.stmort., a.^sumed.Un
Flndlau yori Wai/ne dt H. i?ai7wa,v— 1st M. gold.. 0*
r
2d mortgage, income, non-cum., gold
titchtmry—Pret. 4 i er cent stock, non-cumulative.
Bond8.$500.000 vr'ly,'99to 1903 incl. bal. 1908.0*
Bonds to State of Mass. 4 p. c. since Feb., 1897..
Interest A.
&
181^3
1883
1883
1879
1884
1886
$1,000
40
55
135
&.
Terre Haute
1,000
1,000
1,000
,
!
i
1880
1881
1883
1890
1892
1870
1873
il5
144
25
30
199
49
49
100
1,000
1,000
1,000
1,000
1,000
1,000
i
!
1872
1894
1894
r,oo6
1,000
'79-'88
1,000
100
1887
1890
j
1
'84-' 87;
1890
1893
1894
1
i",oo6
1,000
1,000
1,000
1895-6
1897-8
1897
1874
1891
35
1,000
"'Too
KR.— (Concluded.)—
Stock.— In May, 1895, $1,284,000 preferred non-cum. 5 p. o. nonvoting stock was issued for Evansv. & Rich, bonds per V. 60, p. 43, and
on June 30, 1898, the entire issue of bonds had been so exchanged.
See annual report for 1897 8. Common stock, $4,000,000; par, $50.
'84. '85. '86. '87-'90. '91. '92. '93. none
Dividends
) 1881.
3
4
5 y'rly
7
I'^X since.
On common stk. ] A^
5
71\
IT Also 5 per cent in bonds,
t ALso scrip dividend: see stock above.
On preferred tirst dividend, declared in Sept., 1896, was 2 p. c, payable 1 p. c. Oct. 15, 1896 and 1 p. c. April 15, 1897; Oct., '97, none;
Apr., '98, none. A 4 p. c dividend was declared in Sept., 1898, 2 p c.
parable Oct. 15. 1898. and 2 p. c. April 15, 1899.— V. 68, p. 282.
Bonds. Ouaranties. Etc.— Certain Evansville & IndianapoUs bonds
are guaranteed. Car trust notes June 1, 189 ^, $19,606.
The Ev. & T. Haute general mortgage covers 182 miles of road owned
and $3,500,000 of stock of proprietary roads, having a mUeage of 277
miles. Of the authorized issue $3,855,000 are held in trust to retire the
prior bonds and car trusts at maturity, the mortgage providing that
the prior liens shall be paid and not extended. Floating debt June 30,
lb98, none.
General Finances.— An important change In the directory took
place in Oct.. 1893. when D. J. Mackey resigned. In 1893 4,000 acres
of coal lands in Sullivan Countv, Ind., were bnught. The endorsement
of the E. & T H on $325,000 Peoria.Deo. & Ev. notes was erased in
1898.— V. 67, p. 898.
Latest Earnings.—Jan. 1 to July 14 (61^ months), gross, $679,789
In 1899; $646,340 in 1898. For 6 mos. enaing Dec. 31, 1893, net,
$379,170, agai) St $338,550 in 1897; fixed charges and taxes, $289,039; bal., sur., $90,131.
Annual Report.— Annual meeting
at Evansville third
Report for 1897-98 was given In V. 67, p. 89d.
Tear ending J%ine 30—
1898.
1897.
Total miles operated
167
167
Gross earnings
$1,218,131
$1,003,430
Net earnings
483,443
447,622
Other Income
32,309
17,191
Monday
in
October.
Total net Income
Interest on debt
Taxes and miscellaneous
$515,752
$337,950
65,148
$464,813
$332,950
52,624
167
$1,122,797
480,354
15,104
$495,458
$332,353
52,340
Balance, surplus
$112,654
$79,239
$110,765
Dividends on preferred in 1896-97 (2 p. c). called for $25,680, leave
Ing bal., surplus, for year, $53,559. Officers— President, H. C. Barlow, Evansville, Ind.; Chairman of Directors. W. H. Tilford, 26 Broadway, N. Y.— (V. 67, p. 30, 75, 578, 898; V. 68, p. 282.)
Evansville Terre Haute &. Chicago Ky.— Owns from Otter
Creek J\inction, Ind., to Danville. 111., 49 m.; leases Indiana Block Coal
Road, 13 miles. On April 30, 1880, leased to the Chic. & East. 111. for
999 years; terms, $75,000 per annum and payment of all rentals and
taxes. Stock, $581,370, of which $483,630 owned by Ch. & East. 111.,
which guar. Int. on 1st and 2d mortgages. There are $150,000 inc. 68.
Fall Brook Railway.— (See Map New York Central tt Hudson
Rirer i?fr.— Owns from Coming, N. Y., to Antrim, 'a., 53 miles; branch
to Ulysses, Pa., 40 miles; Fall Brook branch, 7 miles; total 100 miles.
Lease.— The railroad and its rolling stock was leased to N. Y. Central <fc Hudson River RR. for 999 years from May 1,<1899, for .$175,000
yearly, payable quartt-rly in gold, bpginuinir Aug. 1. 1899, also taxes
and rcjiMira. the leases of ttie Syracuse Geneva & Corning Ry. and
Pine Creek RR f' ruieriy held, being canceled and uew leases made to
N. Y. »-ntr:il, whicli also assumed the giiara' tv of tho $ <, 500.000 Piue
Creek boinl.s, which does not Include the oal properties o the Fall Brook
Coal Co. On June 30, 1898, tlie balance ^heet showed: ostof load $2.822.15V: co.st of e<|Uipment $2.0-.iii,0:<5.
he "..t her income" for the year
1897-98 ($174,521) inclUiled $207.V4=. fmm '-leases" and $1.52,961 troni
"rolling stock." Prior to the lease divi lends had bee. paid quarterly
since 1891 at the rate of 7 per cent per annum on preierrea and 6 p.
C. on common.— V. 68, p. 379. 573, 773, 8 2.
Earnings.— Fiscal year ends June 30. Statement in V. 67, p. 479:
Gross.
Year—
Net.
OHier inc. Jiit.,lax.,(ic. Ba'.fordiv.
1897-8
$649,577
$190,446
$374,.521
$9,953
$555,014
1896-7
630,251
187,606
275,268
27,908
434,966
From balances given above dividends amountiutf to .$305,000 were
paid in each year, being 7 p. c. on preferred and 6 p. c. on common.—(V. 65, p. 5 13; V. 67, p. 479; V. 68, p. 379, 573, 773, 872.)
.
'
Wayne & Western
Rail ivay.— Owns road
in
operation from junction with the "Big Four " at Fiudlay, O.. to Ft.
Wayne, Ind., 82 miles. Uses Pennsylvania terminals in Ft. Wayne.
History.— A reorganization of Findlay Ft. W. & W. RR., foreclosed
and extended to Ft. Wayne, 20 m. Stock, $2,000,000; par $100.
Bonds.— A'trs< mortf/ar/e is $1,200,000, at $15,000 per mile no Interest paid to Oct., 1898. Mercantile Trust Co., N. Y., and Allen Zollare. Ft. Wayne, Ind., are trustees of both mortgages.
;
1933
1933
Sept.
1909
July
1924
Jan.
1926
Evansville, Ind., office. Apr.15,'99,2%
N. Y., Farm. L. & T. Co. July 1, 1910
'
do
do
July
1, 1921
do
Apr. 1, 1923
do
do
do
Apr. 1, 1930
do
do
Apr. 1, 1942
N. Y., Farm. L. & Tr. Co. May 1, 1900
do
Jan. 1. 1900
do
OfHcP. Corning. N. Y.
Sept. 30, 1899
New York.
July 1, 1902
None paid to Oct '98. Jan. 1, 1945
Jan. 1, 1945
Boston, Office.
Julyl5,'99,2%
do
do
Var.'99tol908
do
do
Feb. 1, 1937
do
do
June 1, 1900
do
1904-5-7
do
do
do
June 1, 1920
do
do
Various, 1903
do
do
May 1, 1914
do
do
1915 <fel916
1927-1928
do
do
do
do
Apr. 20, 1907
do
do
July 1, 1924
do
do
Dec. 1, 1911
5
&
&
&
&
&
&
&
&
J.
J.
S-
O.
J.
J.
O.
o.
Feb.
Feb.
,
Feb. 15,'99, 1
Earnings.— July I to May 31. 1899 (11 mos.), gross, .$38,480, against
$72,355 in 1897-8; net. $6,625, against del., $850. For vear ending
June 30, 1898, gross, $79,699; net, $179; taxes, $10,288. (V. 60, p. 656.)
Fitchburg-
RR.— Operates from
miles, with branches as
Boston Mass. to Troy, N.
Y.,
190
shown below:
Lines leased —
Miles.
50 Vermont & Mass. RR. —
Greenfield, Mass to Trov, N. Y. 84
Fitchburg to Greenfield Mass 56
Vermont to Rotterdam Jet
61 Other lines
9
Worcester to Bellows Falls,
Vt, etc
Total system June 30, 1898.458
90
Various branches
109 Double track
164
Lines owned—
Boston to Fitchburg, Mass
Miles
,
Stock— Common
Preferred stock is entitled to
preferred receive dividends
share and share alike. State of Massachusetts owns $5,000,000. As
to voting powers of stock, see V. 68, p. 129. In year 1892-93 the preferred stock was increased from $16,498,000 to $17,000,000, and in
October, 1895, to $17,306,000.
In September, 1898. was sold $1,600,000 preferred stock, being a
portion of the $2,037,125 held in the treasury as an investment (and
included in the $17,360,000 i.ssued) to pay off' $750,000 5s, maturing
March 1, 1899, and $500,000, maturing June 1, 1900.— V. 67, p. 633.
DIVIDENDS.- ) 1887 '88 '89 '90 '91 '92 '93 '94 '95 to July. '99
On preferred.
2
4
p. o. yearly.
Bonds, Etc.— Vermont & Mass. guaranteed securities; see that company. The debenture bonds were described in Chronicle of June 1,
1895. V. 60, p. 967. In Sept., 1897, $1,450,000 new bonds were issued
to refund the Cheshire 6s, $550,000, due July 1, 1898, taking up $.500,000 note due April 5, and funding floating debt. On July 1, 1898. all
the company's notes payable had been discharged (V. 65. p. 46*^.)
stock, $7,000.0''0.
4 per cent dividends, then
common and
34
23134
^2
In 1899 and 1900 were provided for
1898, by saleof $1,600,000 preferred stock, as said above.
Earnings.- For 9 months to Mar. 31, results were:
Gross
Net.
Olh.inmine. Jn.l., iiir., etc. Bal., sur.
9 mos.
1898-9. ..$5,700,917 $1,':67,835
$'^73,506
$56,908 $1,151,237
68'^,620
1,175,4^8
1897-8^.57c,466
1,808,152
55.966
ANNUAL Report.— Report for 1897-98 was in V. 67, p. 686. In
1894-95 included dividends on treasury stock.
1897.
1896.
1895.
Tear ending June 30.
1898.
458
458
458
458
Total miles operated
$7,359,470 $7,155,768 $7,606,765 $7,237,724
Total gross earnings
2,002,867 1,916.790 1,894.895 2.035,298
Net earnings
264,980
259,980
259,980
Rentals paid
259.980
1,027,038 1,009,049 1,001,310 1,014,084
Interest on debt
The $1,2.50.000 bonds maturing
.
.
7,550
605,022
14,462
603,754
878
595,096
7,391
681,867
$103,227
$29,545
$37,631
$66,976
Other interest
Dividends
Balance, surplus
—V. 67, p. 319. 368, 633, 686, 1003; V. 68, p. 129, 330, 926.
Flint & Pere Marquette RR.— System includes:
40
254 Palm to Grindstone, etc
Monroe to Ludington, Mich
19
Port Huron to East Saginaw.. 90 Monroe to Alexis (see below)
34 Total owned
648
to Altmout (3 ft.)
do
25
Trackage, Detroit, etc
to Sand Beach (3ft) 70
do
112
Temporary branches
14 branches to Fostoria, East
177
141
Spurs and sidings
Saginaw, etc
Consolidation —111 June, 189P, the plan of consolidation with the
Chicago & West Michigan and Detroit Grand Rapids & Western, in V.
68, p. 1024, was declared operative under the title of the Detroit &
Pere Marquette RR. The old Ft. it P. M. preferred ($6,342,000) will
receive in exchange new preferred, dollar for dollar, and each $100 of
the $3,i98,200 old couamon $125 iu n>^w common stock.
. .
.
dividends
'86
Onpref. since'85— 4I2
Jan. 1 to
May
'89 '90 '91 '92 '93 '94-'98
6I2 6 312 4^ 2
none.
'99
Feb., 1
1S99.. Grops, $1,326,494; net,
1898.. .Gross, 1,193,874; net,
51!
for 1898 was in V. 68, p. 819.
$283,650
270,654
'87 '88
512 12
Latest Earnings— 5
I
Pindlay Fort
A. N. Y., Mercantile Tr. Co.
Feb'y 1. '92-3 pd. 3%; none since.
7
M. & S. N. Y., Farm. L. & Tr. Co.
6g. J. & J.
do
do
6 g.
& J.
do
do
450,000
•
i
<te
Bonrfs— Prlncipal,When Due.
Stocks— hSkBt
Dividend.
2,223,000
5 go.
775,000
6 g- M.
N.
325,000
6 g. J.
J.
5,000,000 See text.
27,000
J. & J.
1,200,000
J. & J.
800,000
I'- Sept. 1.
16,922,875 4 in 1899 J. & J.
4,500,000
5
Various
5,000,000
4
F. & A.
500,000
5
J. & D.
2,500,000
4
Various
500,000
4
J. & D.
4-5
1,932,000
Semi-an
4l2
500,000
M. & N.
1.859,000
4
Seml-an
4,200,000
4
Semi-an
400,000
4
lA. & O.
577.000
7
J. & J.
100,000
5
J. & D.
6,342,000
F. & A. East Sag., Mich., Treas
in Oct
1896.
F.
1,601,000
1,284,000 See text.
30,000
6 g.
3,000,000
6g.
375,000
6
!
50
Bonds,
Bonds,
Bonds,
Bonds,
Evansville
$500,000
500,000
251,000
648,000
500
50
O.)...
c
(See text.) $54,000 are 4s, not mortgage.
not mortgage
not mortgage
not mortgage.
Constitution wharf note
Troy & Boston 1st mort. (V. 53, p. 405)
BrookUne & Pepperell plain bonds, guar. (end)..
jF/.<« fere Jfrtr.—Pf.Ptk.,non-c»im (for $6,500,000)..
Bonas- See Detroit <fe Pere Marq, statement.
INTEREST OR DIVIDENDS.
Amount
Outstanding Rate per When Where Payable, and by
Cent.
Road. Bonds Value.
Payable
Wliom.
Par
,
Bonds
Bonds ($1,500,000 due 1907,
Bonds, not mortgage
Size, or
'
of
IH^
o*
EvansvlUe & Indianapolis Ist mort.. gold, guar..
Date
of
31.
Annual Report.— Report
1897.
12,791,997
1898.
Tear ending Dec. 31.
Total gross earnings.. $3,063,209
Net earn'gs over tax's $784,180
642,896
Interest on debt
*141,284
Bal. tor year
*Fromthe8urplusof $141,284
$738,347
636,576
101,771
in
1896.
$2,594,621
$658,163
613,323
44,^'40
1898 a dividend
of 1
1895
$2,505,705
$642,200
610,248
31,952
per cent on
preferred, $63,420, was paid Feb. 1, 1899.
(V. 68, p. 187, 819, 976, 1024, 1180, 1225.)
—
Florence <k Cripple Creek RR.— (Narrow Gauge).— Owns road
from Florence to Cripple Creek, Col., 40 miles. Opened Sept. 1, 1894.
Leases Golden I'ircle RH.. Victor to Altman, 4 miles.
Capital stock $1,000,000, par $100. Bonds are authorized at $25,000
per mile. Mercantile Trust Co., N. Y., is trustee of mortgage. Fiscal
year ends June 30. In 1897-98, gross. $623,>«2l; net. $!24,918;
charges, $154,132; dividends (25 p. c), $2.50,0 JO; bal., dof., $79,214.
In 1896 7, net, $306,416.
Jdly,
KAiLKOAD STOCKS AND BONUS.
1899.]
63
confer a great favor by kIvIub Immediate notice of any error discovered In these Tables.
Bond*— PrlnclRAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal When Due.
Amount
j, .
of
Par
When Where Pa^vable, and by Stocks— La»\
For explanation of cohimn headings, Ac, see notes of
Road. Bonds Value. Outstanding "^Jl^^®"^ Payable
on tirst page of tables.
Whom.
Dividend.
Subscribers
ivlll
-
t
Florence <t Crip. Creek— 1 st Jr., $1 .000,000, gold.c'
Florida Cenlrat dt Pen.—\»t M. i?;>,'226 p. m, gold.o*
2d M. (l.'<t on ext., 92 miles) .f ,"i.'2'2(3 per ni., gold.o*
Conaol. M.. $7,800,000 ($10,000 p. ni.). goULCo'
South Bound 1st M., gold. int. rental ITIe Ba..e*
Florida Soitlh.—Ut M., $5,000,000, g., guar.AB.o*
Fonda Johnsloim <f ff/oi-fr.sTi//*-— l8tM.,8.f.,notdu.o*
Cons. M. for $500,000 ($300,000 res'd for Ist M.)c
Refunding mortgage, $700,000, gold
o*
Kiiigsboro li<i M., a.>«sumed
JoUn.^town U.
ife
CayudiittaKlec. lstJr.,gu.,p..ti..l>y K.J.>feG.RR.,g.
Fort Wai/)ie if JacAr.wH— Common stock
Pref. stock (8 p. c), S^a p. c. rental Lake Shore.
Fort Worth <t Dene. Cilt/—Pt. .«tk. -'stamp. ctt3."4%
l8t mortgage, gold, $18,000 per mile
Ft. Worth ct kio Gr.— Ist M.. g., old 58, int. red. o*
Fulton Co. Xarrnxr Gouge A'l/.— IstM. ($500,000)..
.
C
E.xitension 1st mortgage (,$1.000,000)
Oaine.trille Jefferson if- 6'o.— 1st M. ($161,500 end.).
2d M., gii. p. & 1. (facts as to guar. end. on bonds),
Walton Railroad, 1st mortgage
Balreston Harri.tb. (f S. J./ito»ii(>— IstM., g., land gr.o*
2d mortgage, Harrlsb. and Houston to San Ant.o*
.
West. Div. l.stM.,g.,8anA.toELPaso,63G m.&br.o*
c*
2d mortgage (see remarks)
Qalveston Houston (t Hend. o/" 1882— Ist mort
c
40
575
(>(>6
780
iMi
248
10
26
26
4
"98
98
45.5
146
31
30
55
55
10
1894
1888 $1,000
1800
1,000
1803
1,000
1891
1,000
1895
1,000
1870 100 iVo.
1881 100 &0.
1897
1,000
1893
1892
1,000
100
100
100
1881
1,000
1888
1,000
1881
1882
1881 500 Ac.
1883
1,000
1881
1.000
•71-'80
225
671
671
50
1,000
1,000
1,000
1,000
1,000
1880
1881
1881
1883
Plorlda Central &: Peninsular RR.— f.SVe JUap of Seaboard
Air Line). — FromColumbia, S. C, via Savannah, Ga., to Jacksonville,
Fla., Tampa, CedarKeys, etc., 940 miles; of which Columbid to Savanlu June. 1899, (contract was renah, 135 miles, is South Bound RR.
ported let for extension from Cheraw to Columbia, S. C, 79 miles.
History.— A reorganization of the Florida Ry. & Navigation Co. foreclosure in 1888. V. 46, p. 289. South Bound RR. was leased for 99
years in 1893; later its capital stock ($2,033,000) was purchased.
In Feb., 1899. John L. Williams & Co. of Richmond, Va., and Mlddendorf, Oliver <s Co. of Bait., and associate?, purchased a majority of the
stK'k and, in April. 1899. had in contemplation arrangements for
consolidation iuto a single corporation with the other lines in their
control (Sraboard & Koanoke System and Georgia & Alabama), thus
bringing together a total of about 2,475 miles' of road, extending
from Riehmcnd on the north to Savannali, Jacksonville and Tampa on
the south, and to Montgomery and Atlanta on the west. It is also
Intended to issue a bldnket mortgage covering the whole system.— V.
68. p. 428, 822, t>26, 871.
Stock.—Common stock is $20,000,000, par $100; preferred, 4 per
cent cumulative [with preference as to both principal and accumulated
dividends], $4,500,000. Preferred is exchangeable for any 4 p.c. mort.
Bonds.— June 30, 1897, car and locomotive trusts, due yearly
to 1900, $95,383 notes payable, $410,000. A rental equal to 5 per
cent per annum on South Bound bonds is>undertaken.
EARNINOS.-Jan.l to July 7 gross, $1,433,214 in '99; $l,547,0601n '98.
Annual Rkport.— Fiscal year ends June 30. Report 1896-97 in
V. 65. p. 1170. In 1897-8 gro.ss on Fla. Cent, proper. $2.299,()v2; net,
865,142; interest aui taxes, $508,111
balance, stirplus for year,
t357,030. On South Bound RR. (135 miles leased) in 1897-98 gross,
$402,143; net, $88,731; interest and taxes, $120,566; balance. deHc it
for year, $31,835. Total surplus on entire road for 1897-9 S, $325,19 5.
—V. 67, p. 633, 1109, 1460, 1358; V. 68, p. 428, 822, 826, 871.
;
;
Florida East Coast Ry.^Owns from
Jacksonville, Fla., via
Augustine, to Miami, 366 miles; branches to Palatka. San Mateo
andTocoi, 19 miles; Atlantic <fe Western, Blue Springs to New Smyrna,
Fla., 28 mile.s— total 413 miles. The comi)auy operates Titusvlile to
Enterprise, 36 miles, a portion of the old Jacksonville Tampa A Key
West Ry., sold under foreclosure in April, le99. A consolidation of
several roads in 1893 into the Jacksonville St. Augustine & Indian
River, and name changed in 1895. Road is owned by Henry M. Flagler. President, 26 Broadway, New York.
Oct. 30, 1898, stock, $1,000,000: $6,500,000 bonds is.sued. For year 1897-98 gross earnings
$943,260; net, $309,618, agst. $216,019 in 1896-97; charges $280,349. (V. 61, p. 112,470.)
Florida Snnthern Tttt.—fSee Map Savannah Florida <6 Western.)
-Owns from Palatka, Fla., to Brooksville, Fla., 145 miles: Bartow to
Punta Gorda, 75 miles; branches. 28; total, 218 miles. In January,
1896, the St. Johns <fe Lake Eustis Ry., 47 miles, was purchased in the
Interest of the system. The road is now part of the Plant system and
the bonds are guaranteed, principal and interest (endorsed— see guaranty in V. 62, p. 683), by the Savannah Florida & Western. The bonds
carry interest at 3^ per cent until Jan. 1, 1900, and thereafter 4 per
cent. For year 1897-98, gross, $340,452; detlciency under operating
expenses, $5,583, against $44,108 In 1696-97. (V. 03, p. 153.)
Fonda JohnHtoivn Sl Oloversville RR.— Owns from Fonda,
N. Y., to Northville, 26 miles; leased lines, 25 miles; total, 51 miles.
Stock is $300,000; par, $100. Hefunding mortgas-^e for $700,000. of
St.
which .$500,000 held t<> retire prior bond.s. In 1896 parties interested
New York Central entered the directory. For year ending une
In the
i
30, 1898, gross, .$256,653; net, $95,031: other Income, .$4,602; Inter,
$102,940.— V. 65, p. 26, 111.
eat, taxes, etc.,
Jackooii RR.— Owns Jackson, Mich., to Fort
98 miles. On August 24. 1882, leased perpetually to
Fort M'ayne
Sc
Wayne. Ind.,
Lake Shore & Michigan Southern at a
percent on the preferred stock
rental of $126,027, equal to 5>«
(see V. 56, p. 812), and after
preferred slock to l)o paid as
1887 any
net earnings over 8 per cent on
dividends
on common stock, l)ut not exceeding 2 per cent a year.
Fort \%'ortIi
Denver Cllv Hy.— Owns Fort Worth, Tex., to
Texllne, 455 nj. Panhandle Ry. (Wat-hburn to Panhimdlc City, Tex.,
18 miles, Fold to Atch. T. & S. F. in April, 1898. V. 66, p. 810. Owns
$200,000 Mock and $200,000 of 5s of Ft. Worth & Den. Terminal Ry.
Stock, Etc. -Colorado A South. Ry. owns a majority of the $6,820,000 (common was formerly $9,375,000) common stock; par. $100.
In readJMstnient or 1896. $2,555,000 of old comiuon stock was stainpcd
preferred to receive Interest, If earned, at 4 per cent. V. 63. p. 1063.
Divii)KSi>8.— On preferred 2 p. c. Marcli, 1898; March, 1899, 2 p. c.
Bonds.— Finances readjusted in 1896, tlie 1st 6s agreeing d) to
reduce Interest to 4 per cent for tlve years from December 1, 189.5;
<2) to take $312 stock for five ovc^rdue coupons and the 2 p. c. deferrecl
interest. "The past-due coupons and 2 per cent due upon coupons for
the next five years to lie liel<l in trust for the protection of the stamped
? referred stock certltlcate holders In case of any accident, or failure of
he company to pay the Interest as j>roposed. See plan V. 63, p. 75.
The " stamped lionds" were d68cril)e<l In V. 63. p. 1063. Abstract of
mortgaee (Mercantile Trust Co., Trustee) V. 45, p. 440
Earni.nos.—"i months, J 1899
Gross, $«C4,067; net, $108,748
Jan. 1 to May 31.
< 1898
Oroas, 542,629; not, 182,011
&
$1,000,000
6 g.
3,000,000
5 g.
S g.
415,000
4,372,000
5 g.
2,033,000
5 g.
4,211,000 31^-4 g.
300,000
7
200,000
6
100,000
4^2 g.
50,000
6
350.000
6
436,132
5i«
2,291,416
2,555,000 2 In 1899
8,176,000 4 (6) ir.
2,923,000 3 to 4 g.
171,000
7
313,000
7
245,000
7
75,000
7
40,000
6
4.756,000
6g.
1,000,000
7
5 g13,418,000
6,354,000
6
2,000,000
5
J.
J.
<fc
A
A
J. &
A. &
J. A
J. &.
A. &
J. &
J. A
A. A
M &
•r.
J.
J.
J.
J.
N. Y., Mercant Tr. Co.
N. Y., (4uar. Trust Co.
O.
Men.Tr.A Dep.Co.Balt. Apr.
N(nv York City.
Jan.
ife
.1.
&
M &
&
&
&
A
&
&
M &
A
A. &
J.
J.
J.
J.
F.
.1.
.1.
July
.Tan.
Jan.
N.Y.,Imp.&Tra.Nat.Bk
do
do
New York.
J.
O.
J.
J.
New
o.
July
Apr.
July
1934
191«
1930
1943
1941
1945
1900
1,
1.
1.
1.
1.
1,
1.
1.
1.
1921
1947
1913
York.
Oct.
1922
1,
N. Y.,Fann. L. ATr.Co. Mar. 1,'99, 2\
N. Y., State Trust Co. Mar.10,1899,2
N. Y., Mercantile Tr.
I).
Dec. 1, 1921
N.
Y. H. B. Ilolllns & Co. July 1, 1928
J.
's.
W arcli.
J.
do
.1.
Jan.
do
do
(lo
1
,
Nov. 1, 1910
July 1, 1912
1911
1908
N.
J.
J.
J.
J.
See text.
See text.
In default.
A. N. Y. ,So. Pao. Co.
,
1910
& Best.
D.
do
do
N. N.Y.,So.Pao.Co.,23 B'rd
1',
May
N. Y., Merc. Trust Co.
Annual Report.—Report for 1898 was in
1897.
Year end. Dec. 3\—
1898.
1,
June
July
Apr.
.1.
O.
Feb.
1910
1905
1931
1931
1913
1,
1,
1,
V. 68, p. 667, showing
1896.
1895.
:
$1,479,435 $1,319,830 $1,010,878 $1,086,702
414,146
406,522
201,858
209,778
17,881
14,520
8,864
9,382
From total net income, as above, in 1898 ($424,403), deduct Interest
on bonds, $337,102; rentals, $10,000; dividend (2 p. c.) paid Mar., '99,
$51,000 bal., $26,201, from which deduct betterments, etc.. .$26,161.
President, Frank Trumbull, Denver, Col.— (V. 68, p. 667, 722.)
Fort Worth
Rio Grande Ry.— Owns from Fort Worth, Tex.,
to Brownwood, about 146 miles; completed in August, 1891. Mortgaee
trustee is Central Trust Co., New York. Stock outstanding, $3,108,100;
par, $100; and loans and bills payable June 1, 1899, $71,711.
Interest Adjustment.— In May, 1897, 1st mortgage 5 per cent
bondholders agreed to accept 3 per cent interest from Jan. 1, 1897, to
Jan. 1, 1902, inclusive, and 4 per cent thereafter. Old coupons will
e held alive by trustee for benefit of bondholders. All bondholders
have agreed to reduction.— See V. 64, p. 888.
net, $59,832
Earnings.—4 months, S 1899
.. Gross, $170,431;
Gross, 169,516; net, 58,699
July I to April 30. ? 1898
Y'ear ending Dec. 31, 1898, gross, .$551,741; net (overtaxes), $250,583 interest on bonds, $89,410; other interest, $10,794; bal., surplus
Gro.ss earnings
Net overtaxes
Other income
;
&
;
for year,
$150,378.— (V.
65, p. 463.)
Fulton County Narrow Gauge Ry.— Road from Havana,
111.
31 miles; leases (for 30 p. c. of gross earnings) Fulton
County Extension Ry., Fairview to Galesburg, 111., 30 miles. Canital
stock of Fulton County Ry., $636,794; Extension Ry., $260,900
Earnings— For year ending June 30, 1898, gross, $51,708; net,
$8,239, against $998 in 1896-97; charges, $36,515.
GaineHvlllc
Gnlf Ry,— Gainesville to Fort Drane, Fla., 27
miles. Stock authorized, $1,000,000; par $100; paid in June 30. 1897,
$lf 4,00>. In April. 1899. made a mortgaae to secure $150,000 bonds
($1,000 each) to the Stat) dard Trust Co. of New York, as trustee, to
pay off the indebtedness (> the road and maki^ an extension to Sampson City. General othce, Gainesville, Fla.— V. 68, p. 822.
to Fairview,
111.,
&
Gainesville JelTerson
& .Southern RR.— (IVarro*v Gauge.)
Social Circle, Ga., 52 miles; Belmont
to Jefferson, 13 mihs. Stock is $242,687 common; $17,650 preferred;
par, ,$50; of which the Georgia RR. owns $140,000 common and $8,000
preferred. Of the firsts, $161,500, and of the 2ds, $75,000, are endor.se<i
by the Georgia RR., lessee. Interest on endorsed bonds paid regularly,
but no interest on unendorsed bonds since July 1, 1895. On March 4,
1897, Martin Dooly was appoiuted receiver. In Oct., 1898, case was
before Supreme Court of (Georgia, but not expected to be reached fot,
several months. In 1897-8 gross, $72,236; net. $14,262.
—Road from
Gainesville to
Ry.—
r^ee Map Smith
GalveMton Harrlsburg Ac San Antonio
Pacific.)- Oy/ns Houston, Tex., to San Antonio, Tex., 217 m.; San Antonio to Rio Gr. River, 636 m.; br'oh's, 72 in.; leases 12 m.; total, 937 m.
Organization, Stock, Etc.— Operated by the Southern Pacltio Company, which owns $27,038,900 of the $27,093,000 stock (par. $100).
Bonds.— First mortgage has a sinking fund of 1 per cent, but
It is optional wlt^ bondholders to surrender their bonds If drawn.
In 1893 holders of Western Div. 2ds agreed to cancel claims for accrued interest and that interest on these bonds should be paid only If
earned and should be non-cumulative; this agreement had not been
actually consummated to Juno 30, 1897. Interest accruing on these
Income bonds is not included In liabilities shown below. V. 58, p. 719.
On June 30, 1897, there was due Southern Pacitlc Co.. $1,030,227 and
Now Orleans RR., $867,.592. For status of old claims of
the Texas
&
has been taken. V.66,p.47l.
1898-9. .Gross, $5,197,90.'; net, $1,389,775
1,399,870
n897--'..Gros.s, 4,576,210; net,
July 1 to :\Iay 31.
Fiscal year now ends June 30. Year ending Juno 30, 1898, grosa,
$5,002,173; net, $1,248,224; Intereat. $1,121,302; surplus. $1V6.922.
In 1896-7, gross, $4,824,018; net, $1,388,646. iV. 6(!. p. »71.)
the school fund see
V 64,p.ll37. Appeal
Earninos.-II months,
)
Galveston Houston Ac Henderson RR. of 188*.— Owns
from (ial^eston. Texas, to Houston, Texas, 50 miles.
Organization.— The M. K. &T. and International * (Jreai -North,
have used the road lolntlv since December, 1895, under a conitact
providing for payment to mortgage trustee of $100,000 yearly
of
lo meet interest on (J. H. A H. l>()nds and an additional rental
*24,00() per annum for dividends or other purposes-st-e V. 61, p.
1064; V. 63, p. 697. M. K. AT. and Interuatl >nal A Great Northern,
each own 4,999 shares of (L ir. A H. stock- see V. 61. p. 1013. Stock$1,000,000; par, $100. For year ending Deo. 31, 1807. k-ross. inIncluding $124,000 for trackage as above. $:n2.t!01; net. $l»>o, 19/
;
terest,
$100,000; balance, siiridus. $60,197.
Galveston Mouston
A-
IMorfhorn
(
V. 6...
Ry.— Owns
|>.
1
roml
114.)
froiii
Hous-
May 1,
ton. Texas, via I.a Porte, to Galveston 56 miles. Siicifwsor
1899, of Galveston La Porte ,t Houston Hy., sold under fon>clo»ure.
Capital stock Is $500,000. In April. 1M»9, the Texas Hallway Commission authorized the eompanv to Issue $1,000,000 ft p.r cent bomb..
V 68 p 822. Charles .'-. Hroadhead, of St. Louis, repreM-nts tlie
new owners. V. 6m, p (Uh, 671. Year ending June 30. 1897. gross
—
rnsldent. J. T. Mnnson, Houston, Texas;
arnlngs were $173,503.
S.c andAud.. F. S. Yunlls.-(V. 68, p. 618. 671,*22.)
.
\
»
INVESTOKS' SUPPLEMENT.
64
[Vol.
LXIX
Snbscrlbers will confer a great favor by glvlne Immediate notice of any error discovered tn tbese Tables
RAILROADS.
Miles
Date
Size,
or
INTEREST OR DIVIDENDS.
Amount
Bo)if/s— Principal, When Due.
Stocks— La,6t
Rate
Wlien Where Payable, and by
Vor explanation of colniuu headings, &o.,8ee notes T,**^., r."*., -.r^?^ Outstanding
" Per
cent. Payable
Road. Bonds Value.
Whom.
on flrst page of tables.
Oeorge's Creek
<t
Cumberland By
-1st
1879
1878
M.
2d mortgage
Georgia d- ^/a6n?»a— Conimon stock $15,000 p. m.
Pref. stock, 6 per cent, noucuiu., $10,000 p. m..
1st M.,pref.,$0,f)OO p.in.,g.,r6d.at 105 aft. .5 yrs.c*
let luort., consol., $10,000,000, gold (See text).c'
Ga. A All*. Term. Co., 1st iM., $1,000,000, g.p.&l.
Car trusts, July, 'S8, incl. interest to maturity...
Georgia Carolina d JN'or.— lstM.,g.,guar.ITIe Ba.c*
«>eorgia Midl'd Rv.—X&t M., g., $1,650,000, iut.gu.
$536,000
65,000
100
100
383
383
268
98
307
1895
1895
1898
1,000
1,000
1,000
1,000
100
Georgia Railroad tt Banking Oo.— Stock
1897
c*
Bonds, refunding, not mortgage, currency
1880
o**r
Bonds, not mortgage, currency
1882-7
Bonds, notniort., cur., $'200,000 are 58 of 'SVCfcr
Georgia Southern <t Fla.—Cova. stock, $1,000,000
let pref., red. aft. June 1, 1905, $684,000, 5 p. c. Text
2d pref., $1,084,000, 5 percent
285 1895
ITleBa.c*
l8t mortgage, gold, $4,000,000
guar, by
Gettysburg dtHurrisb.—Qo.^lt.lBt'^i..)
1882
Gettysb't' & 11. 1st M., old issue... ^Pliila & Rd.
35 1891
Con. M. $565,000,g
) RR.(o\i\Ci).)
125 1894
Gila T alley Olohe <t North'n—lst M., g. See text.
1888-9
Goshen <£ Deckerfn—lBt & 2d M. ($60,000 are 2d8)
13 1892
Gouremetir ct Os^cegalehie Ist M., gold, gu. p.A i.o
Grand Rapids <C Indiana ifw.— Stock, $6,000,000.0'
335 1869
1st M., mostly 1. gr.,g., 8. f. (mostlygu. Pa. KR.)o*
335 1891
c*
let mort., extended, gold, guar, by Pa. RR
1899.0*
1896
2d M., $5,000,000, g., 3 p.c. int. till Oct.2,
"32 1897
£.—
Graitd Rapids Kalkaska (C S.
1st mortgage....
Grand Trunk Jfi/.— Consol. stock, £23,318,309..
Four per cent giiar. stock, £5,220,000, non-cum.
Ist preference 5 per cent f^tock, £3,420,000
2d preference stock, £2..">30.000
1,000
1,000
1,000
100
100
100
1,000
1,000
1,000
1,000
1,000
—
1,000
100
1,000
1,000
1,000
g
£100
£100
£100
£100
George's Creek & Cumberland RK.— Owns road from junction
with W. Va. Central Ry. at Cumberland, Md., to New Detmold mine at
Lonaconing, Md., 21 miles; City Junction to Juuction with B. & O.
RR., 1 mile; branches, 11 miles; total, 33 miles. Capital stock, $1,000,000. Controlled by American Coal Co. and Maryland Coal Co. of Maryland. For 1896-97, gross, $513,870; net, $302,205; other income,
f5,160; interest, taxes, etc., $40,952; dividend, $130,000; balance,
surplus, $136,453. President, James A. MilhoUand, Cumberland, Md,
Georgia
& Alabama
Ry.—fSee Map Seaboard
Roanoke.)—
(by 74 miles) from Montgomery, Ala., to
Operates the shortest line
Savannah, Ga., etc., viz.:
Miles
Road oicned—
265
Montgomery to Lyons
C!oLto Albany (since Jan. 1, 97). 88
Abbeville to Ocilla
30
Leased
Lyons
d-
—
to
Mites.
1158
Meldrim
Trackage —
I
Meldrim
to
Savannah
17
Total owned
383
Total operated July 1, '98.453
In June, 1899, contract was let for company's own line between
Meldrim & Savannah to rejlace trackage. V.67,p. 788; V. 62, p. 456.
OBGAKiz.\Tiojf.— In August, 1895, succeeded to the property of the
Savannah Americus & Montgomery, sold in foreclosure May 17, 1895,
and reorganized per plan in V. 61, p. 470 see also V. 62, p. 502.
In Nov., 1898, the Ga. & Ala Terminal Co. wa,8 organized to provide the railway with its own terminals at Savannah, The company
will own nearly 1,000 acres of land and oue mile of water front. The
Terminal Co.'s $300,000 stock will bo owned and its bonds, $1,000,000, guaranteed The terminals will be leased for 99 years upon completion. V. 67, p. 788, 956; V. 6-, p. 129.
In March, 1P99, the same interests controlling the Ga.
Ala. Ry.
had also obtained control of the SeahoHrd & Roanoke RR. andFlor.
Cent. & Peninsular RR., and contemplated a consolidation into a single
corporation and the creation of a blanket mortgage covering the
whole system, aggregating nearly 2,500 miles.— V. b8, p. 428, 826.
Securities.— Firs< mortgage preference 5 per cent 50-year gold bonds
are for $4,000,000, and are not to exceed $6,500 per mile of main line.
The Amt mortgage consolidated 5s are limited to $9,000 per mile of
road, with .$6,500 additional per mile to be held by the trustee for sole
?urpose of retiring the flrst mortgage preference 59 after five years at
05 and accrued Interest. Interest on the consols during the first five
years of their life may be met by the issue of 6 per cent 10- year oertitioates of indebtedness, redeemable at the pleasure of the company at
any six-months' interest period, but the company has never availed
Itself of this right, and coupons have all been paid in cash at maturity.
General Finances.— In June, 1898, in addition to amounts given
in table above, the company held in its treasury on present mileage,
$806,000 consols., $1,090,000 pref'd and $1,767,500 common stock.
£arnino8.— 11 months, > 1898-9
Gross, $1,183,110; net, $291,600
July 1 to May31.
< 1897-ef.... Gross,
1,133,387; net, 332,363
Advance statement for year ending June 30, 1898, was in V. 67, p.
272, slio wing: gross. $1,226,387; net, $350,400; fixed charge>< aud rental.'^. .$303,017;
surplus, .$47,146. In 1895 96, gros.s, $62t>,125: net,
$167,241. In 1894-95 gross, $477,035. Pres.. John Skelton Williams.
Richmond, Va.—(V. 67, p. 2 1 2, 788. 956; V. 68, p. 129. 379, 428, 826.)
Georgia Carolina
IVortliern Ry.— Owns road Monroe, N. C.
to Atlanta (Inraan Park), Ga., 266 miles; completed in April, 1892Belongs to "8eal)oard" system, and bonds guaranteed (by indorsement
on each bond) by lessees. Seaboard & Roanoke and Raleigh & Gaston
RR. Cos. Mortgage ab.stract, V. 49, p. 239. Stock authorized, $1,750,000; outstanding, $1,11 1,400 common (par $100), and $500,000 preferred, mostly owned by the lessees.
Earnings.— For year ending June 30, 1S93, gross, $856,932; net.
$109,045. In 1898, Jan. 1 to Dec. 31 (12 months), gross, $898,365,
against $881,048 in 1897. In 1896-97, gross, $912,680; net, $105,886.
|
;
<fe
&
Georgia .Tlidland Ry.— Owns road from Columbus to McDonough,
&
Oa., 98 miles. Successor April 1. 1896, of the Georgia Midland
Gulf
RR., sold in foreclosure Feb. 1. Leased from July 1, 1896, for 99 years
to the Southern Ry. for $49,500 annual rental (being Interest on the
flrst mortgage l)ouds) and rental obligations on Georgia Midland Terminal to the amount of $2,500. Capital stock is $1,000,000, owned
by Southern Ry. Co. (V. 62. p. 1177; V. 63, p. j6/.)
Georgia Railroad.— Underthis name areoperatedthelines leased
from the Georgia KR. & Banking Co.— which see. Report of operations
for year ending June 30, 1893, was given in V. 67, p. 1260.
Georgia Railroad Ac Baniiln;^ Company.— Owns from
Auifusta, Ga., to Atlanta, Ga., 171 miles; branches to Washington
and Athens, 58 miles; Macon & Augusta RR. (proprietary road), Cainak,
Ga., to Macon, Ga., 74 miles; trackage, 4 miles; total, 307 miles.
Organization.- Owns also one-half the stock of the Western Railway
of Alabama (the Central of Georgia Railway owning the other half),
and a 40 per cent interest in the Atlanta <fc West Point (which see)
Guarantees (jointly with Central RR. & B. Co. of Georgia) the $1,543,000 flrst mortgage 41^3 per cents of We.stern Railway of Alabama.
In April, 1881, 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 Central of Georgia and the Ijouisvllle & Nashville, at
$600,000 per year, but in April, 1899, the L. & N. was held to have acquired all rights under the lease. V. 68, p. 722.
Dividend.
N.Y Am.CoalCo.,lB'y
Oct.
1,
1,
1909
1908
Balto., MarylandTi-.Co.
&
&
&
A.
5
g.
5g.
1889
1896
O.
Feb.
3,842,500
2,650,000
2,483,000
2,922,000
362,739
5,360,000
1,650,000
4,200,000
1,000,000
1,000,000
500,000
1,000,000
684,000
1,084,000
3,666,000
100,000
250,000
215,000
1,514,000
246,500
300,000
5,758.700
920,000
4,455,000
3,962,000
$200,000
£22,475.985
5,219,794
3,420,000
2..'i 30,000
&
A.
"Je3 g.
J.
J.
5
5&6
J.
1945
1945
Dec. 1, 1948
1899 to 1903
July 1, 1929
1946
New
New
D.
Oct. 1,
Oct. 1,
York.
York.
J.'&'j. N.Y. Brown Bro.& Bait.
&
A.
11 in '98
6
do
do
Confl Trust Co.
do
do
O. N. Y.,
,
O. N.Y.. J.
Q.-J.
&
&
&
&
J.
J.
J.
J.
J.
J.
P.Morgan (feCo.
Augusta; mall'd to N.Y. Julyl5,'99,2%
N. Y., Guaranty Tr. Co. Jan. 1, 1922
N.Y.,Am. Ex.Bk.&Aug. Jan. 1, 1910
All Augusta; 6s in N.Y. Jan. 1, 1922
5 in 1898 M.
N. Balt.M.T.&D.Co.&N.Y May 10,'99,2is
3 in 1898
Nov.
do
do
Nov. 1, '98, 3%
J. Balt.M.T.&D.Co.&N.Y. July 1, 1945
5 g. J.
AU owne
6
5
&
d bv Re ading Company.
&
A.
O.
Plula.,P.
&R.
Oct.
Oct.
office,
do
Various
do
M. & N. N. Y. Chem. Nat. Bank.
i^5g.
J.
7
J.
g.
4i«g. J.
3 to 4 g. A.
5
A.
2 Apr.'99 A.
3 Apr.'99 A.
1,
1,
1,
1912
1926
1924
Nov.
1928-29
June 1, 1942
& D. N.Y,,Gr'd CentStation.
& J. N. Y., Winslow, L. & Co, Oct. 1, 1899
do
do
July 1, 1941
& J.'
Philadelphia, Pa.
Oct. 1, 1936
& O.
Boston.
& O
Oct. 1, 1907
None ever pd.
& O, Check from Co.'s office, Apr., 1899,2%
do
do
Apr., 1899, 3%
& O.
April,
1888
Deo. 31, 1892, the banking department was turned over to the "Georgia Railroad Bank," a separate corporation, a majority [$198,200] of
whose stock is held by the Georgia RR. & Banking Co.
'82. '83 to '87.
'88.
'89 to July, '99.
Dividends—
) '81.
Since 1880, P. Ct. S 9^ 10»4 10 yearly 10\
11 p. c. yearly.
Company's Report.— In year ending March 31, 1899, rental, etc.,
was $600,000; dividend from bank,
etc.,
$21,094; total, $621,094;
interest $138,000; dividends paid (11 per cent), $462,000.
EARNING8.-307 miles, ) 1898-9. ..Gross, $1,528,P35; net, $476,107
July 1 to May31.— 11 mos. 5 1897-8... Gross, 1,529,895; net, 390,493
Railroad earns, for year ending June 30, 1898, gross, $l.fil6,146; net,
B. Co.,
$393,028; dividends received, $92,528; rental to Ga. RR.
$600,000. In 1896-97, gross, $1,590,659; net, $451,363; dividends
received, $107,800 total income, $559,163.— (V. 68, p. 722.)
&
;
Georgia Southern & Florida Ry.— CSce Map
Owns from Macon, Ga., to Palatka. Fla., 285 miles.
of Southern Ry.)—
History.— A reorganization
of the Georgia S. & F. Railroad, sold in
(Per plan in V. 60, p. 928; see also V. 59, p. 551.
S outheru Ry. owns $409,000 of each claes of stock. V. 63, p. 29.
Dividends.— On 1st pref. 1896 4 p. c; 1897, 5; 1898, 5; 1S93. May,
2^. p. 0. On 2d pref. in '97, 2 p. c; in '98, Nov., 3 p. c.
Bonds.— Abstract of 1st mortgage of 1895 was in V. 61, p. 429. The
mortgage is for $4,000,000 and covers all of the property and franchises
and provides also that the $684,000 first preferred stock authorized
shall constitute a lien upon the same second only to the bonds and
coupons. The unissued firsts are reserved for old claims, car trusts and
for improvements. On June 1, 1899, equipment notes, $10,250.
Latest Earnings.- 11 mos.,) 1898-9. .Gross, $865,765; net, $233,568
July 1 to May 31.
U897-8.. Gross, 853,841 net, 272,956
Annual Report.—Fiscal year ends June 30. Report for 1897-8
was in V. 67, p. 948, showing: Gross, $949,628; net, $295,574; other
interest on bonds, $177,950; balance for div.,
income, $4,703
$122,327. In 1896-7, gross earnings, $863,542; net, $272,834.
Officers.— President, Samuel Spencer, N. Y.— (V. 67, p. 948.)
Carlisle to Gettysburg, Pa., 32
Gettysburg 6c Harrisburg
miles; branch to Round Top, Pa., 3 miles. The Reading Company owns
capital
stock
of
the
and has deposited it as part
$600,000
$535,000
security for its general mortgage of 1896. Car trusts inl897, $18,000.
The $160,000 South Mtn. 6s were purchased by the Reading Co. at
For year 1897-98, gross,
maturity, Apr. 1, 1898. V. 67, p. 1218.
$109,025; net, $27,970; other income, $650; deductions, $32,056.
Nortbern Ry.— Bowie, Ariz., to Globe,
Gila Valley Globe
125 miles. Road was opened in 1894 (48 miles) and completed Feb.,
1899. Stock. $2,000,000, all outstanding: par, $100. Of the bonds,
limited to $15,000 per mile ($1,514,000 outstanding), $1,470,000 are
guaranteed, principal and interest, by the Southern Paciflo Co. (Metropolitan Trust Co., N. Y., trustee.) V. 69, p. 27. See form of guaranty
in V. 68, p. 232. For five months ending May 31, 1899, gross, $181,661 net, after deducting $24,514 for betterments, $100,198. Interest
charge is $75,700. President, William Garland, Sec. and Treas., A. C.
Laird, Los Angeles, Cal. V. 68, p. 232 V. 69, p. 27.
Osivegatciiie
Gonverneur
Owns from Gouvemeur to
Ed JFards, N. Y.. 13 miles. Stock, $350,000, all owned by N. Y. Cent,
—which guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501.
Lowell to Free«irand Rapids Belding Ac Sagina^v
port, Mich.. 13 miles, being the line of the Lowell & Hastings RR., acquired in May, 1899. Extension proposed from Lowell to Belding. 17
miles. In May, 1899, made a mortgage to the International Trust Co.
of Boston, as trustee.— V. 6'', p. 1024.
foreclosure April
2, '95.
;
;
RR.—
&
;
;
&
RR.—
RK.—
Grand Rapids
Sc Indiana Ry.— C<9ee Map of Pennsylvania RR.)
Ind., to Slackinaw City, 367 miles Manistee
other
branches,
48 miles; total owned. 434 miles; operates
Brancti, 19;
the following roads but has not assumed ttie old company's leases
thereof: Cincinnati Richmond & Fort Wayne RR., 86 m; Trarerse City
RR., 26 m.; Muskegon Grand Rapids & Indiana RR.. 37 in.
History.- Successor Aug. 1, 1896, of Grand Rapids & Indiana
Railroad, foreclosed under second mortgage per plan in V. 63, p. 153.
Stock.— Stock, $6,000,000, of which Peun RR. Co. owns $2,644,540.
Bonds.—The first mortgage land grant bonds extended at 4*2 per
cent are endorsed with the guaranty of the Pennsylvania 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.
Second mortgage bears interest from Oct. 1, 1897, for two vears at
3 p. c. and thereafter at 4 p. c. Of the 2ds $3,6x7.000 were Jan. 1,
Real estate mortgages, $150,000.
1899, owned by Penn. RR.
net, $308,524
) 1899 ...Gross, $1,184,447
Earnings— 585 miles,
1,052,240; net, 249,009
Jan. 1 to May 31.
5 1898. ...Gross,
Report.—Report for 1898 was in V. 68, p. 615. In 1898 carried 1,600,101 tons fieight, of which 44 p. c, was lumber, etc., and 10 p.c. coal.
1896.
1898.
1897.
1895.
Tear end' g Dec. 31.
430
433
434
436
Miles operated
$2,171,717 $1,978,567 $1,899,444 $2,074,841
Gross income
Netoverexp's& taxes
596,622
525,086
304,250
410,116
Interest charge for 1898 $390,621; other, $93,081.— V. 68, p. 616.
-awns
from Fort Wayne,
;
JirY.
KAILROAD STOCKS AJSD BONDS.
lby9.J
65
Subscribers will confer a great favor by kItIiic Immediate notice of any error discovered In these Tables.
RAILBOADS.
Size, or
on
flrst pajte
Brand Trunk HitiUrny
-(
1874
t
c
Great Western perpetual debenture stock
o*
Northern Ry. Ist M. sterllnj; 5s, £850.000
c
3d preference A & B bonds
Debenture stock, 4 p. c.. perpetual, £425,8.50
£310,'J00
c**r
(SrandTr.Geo. Bay & L. K. istM.
Midland of Canada 1st M., sectional, £525,0. O.c
Consol 1st M., £3,1(>4.700
Montreal J: Champlalu June. 1st M.. £172,600
—
....
....
....
c
£100&c
£100
£100
18-'2 £1004c
1874
£100
i.ss's
1878
1882
....
$100
Paul Afiun. & Man.— Stock.orijt. $20,000.000
et.P.M.&M.2d(no\v 1st M.)(j:. does not cov. rds)o
c
Dakota Kxtension Ist M., Kold
^
^"""^ ^^*
""
^""•^'*' *^*'"'>
Montana Exten. IstM. ($25,000 p.
624
1,221
2.655
2,655
m.),ijold.c'AT
Extension M. for £6,000,000, Kold.c'Ar
c*
.Mlnneap. Un.RR.lstM.,K.,!ru.($6.50,000are 5s).
East of Minn. 1st M. ($50,000 p. m.), K.,gu..o*Ar
No. Div. mort., $15,000,000, gold, guar....o'&r
Montana Cen. 1st M.,k. ($6,000,000 are 6s)gu.cAr
WiOmar A Sioux Falls Ist M.. k., gu.p.<fei,(end)c"Ar
o*:
Minneapolis Western Ist mort., gold, guar
&
•J,
1877
1868
420
819
"72
299
256
205
4.58,600
Lines owned
BuOalo.^ Lake Huron
(tther lines...
C504.800
$2,800,000
4,700,000
1,000 Ac d5,000,000
l,000&c
9,300,000
1,000
3,646,000
500,000
1,000
234,990
$1,000
l.OOO&c
SEl-ARATEl.Y.
4
70
3.S.S
63
10«
i
.£4,012,314
2,671,883
£3,969,642
2,5h7,372
£3,787,285
2,681,879
£1,340,431
£1.372,270
£1,105,406
£1,548,932
146,349
Interest on b'ds and deb. stk. 1,038,153
Dividend on guar, stock.. (4%) 208,7v<2
Do on Ist pre f. stock. (3%) 102,504
£1,574,631
14 6,349
1,028,510
£1,287.079
8r.£53.134
8r.£399,771
sr£136.0«0
Balance
146,'-t.50
1,004,649
President, Sir C. Rivers Wilson, London.— V. 68, p. 376.427,870,
1076.
Great Northern Ry.— CSee Jfap.>—Operatesalow-gradetrunkline
extending from St. Paul, Minn., across the great wheat belt of the Red
River Valley and across the State of Montana, tapping its silver and
popper mifiing district, to the Pacitic Coast at Spokane, Wanh., Portland, Ore., Westminster, British Columbia, etc. From Duluth, the hea<i
of navigation on the Great Lakes, the steatners of tlie Northern Steam,
ship Co. (whose $1,500,000 stock is ownedi run east to Buffalo, N. Y.
Linm leaned and operated
Eastern By. of Minnesota
—
A
Man. Ry.,
St. Paul .Minn.
St. Paul to Lowell, Wash... 1,790
Branches in Minnesota, the
2,024
Dakotas and Montana
10
Trackage to Spokane, etc
Total operated directly ..3.824
oper. separal ly
Wlllmar A Sioux Falls—
Slock wijne'l
—
—
A.
Irredeemable
July 1, 1902
6
I
6
6
KR.
5
<fe
<fe
'M.
!j.
6g.
J.
J.
J.
^ g4 g.
A.
A.
g-
4g.
5
Q.-F.
6
g.
J.
5 g.
J.
J.
A
A
a
A
A
A
A
A
A
A
A
A
O.
N.
j.
J.
D.
J.
J.
O.
O.
J.
D.
J,
1919
Irredeonial)le
London.
Irredeemable
Aug. 1. 1903
I.rf>ndon.
May 1. 1908
do
Jan. 1, 1912
Jan. 1, 1902
N. Y.Bk.o'f'Com. A Lond. July 1, 1901
N. Y. Offlce, 27 Pino St. Aug. 1*99, lH"t,
do
do
May l,'y9, l^i
New York and I.,ondon. Oct. 1, 1909
New York, 27 Pine St. Nov. 1, 1910
do
do
July 1. 1933
do
do
July 1, 1933
do
do
June 1, 1937
N.Y.ALon., Baring Bros July 1, 1940
New York, 27 Pine St. July 1, 1922
N.Y.27Pine; Bos.,I^e.H Apr. 1. 1908
do
do
1928-1948.
New York, 27 Pine St. July 1, 1937
do
June 1, 1938
do
N.Y.&Lon., BarlngBros July 1, 1911
To Feo. 1,1906
c Great Xorthern in 1899 acciuired all except $502,300 of the
by Great Nor. Ky. Co.
d Subject to call after April 1, 1928.
000,000
In Jnly, 18fi9, $24,37?, 100 of the Increased stock had been
issued and leaving not over $502,300 of the Manitoba stock unexchanged —(V. 8, p. 129: V. 67. p. 1356; V. 67, p. 370, 788, 842.)
Ill April, 1899. $15,000,000 additional preferred, raising total to
$90,000,000, was oflfered to stockholders at par, to acqulieall the
bonds, debentures and t-took of the Spokane Falls A Nor. Ry., Nelson
A Ft. Bliinipard Rv Columbia A Ked Min. Rv. and Red Mtn. Ry., and
$7,500,000 new stock of East Ry. of Minn. \. 68, p. 772, 822, 1 181
Lands.— Land sales in April. 1897, had retired all the Ist mort. bonds
and were then applicable to consol mort. of 1883.
Sales for year ending June 30,1898, were 120,452 acres for $883,145 and 344 town lots for $16,50-<. The net amount due on land contracts .Tune 30, 1898, was $1,605,626; lands unsold, 1,308,483 acres.
Minneapolis A St. Cloud grant was 476,864 acres; unsold .fulv 1,
1898, 405,695 acres; sales in 1897-98 were 2,831 acres for $19,532.
Dividends,
) 1890
1891 1892 to 1896 (inclusive), 1897 1898
6I4
?>^
Great No. pfd.% i 1
5 p. c. yearly (Q-F.)
4%
On Great Northern preferred in 18i*8, Feb., l^a p. c; May, 1*2 p. c;
Aug., II9 p. c, Nov., 1^ p. c. Also in 1898 the stxokholders received 50
per cent in Seattle A Montana stock, which they were allowed to exchange for 40 p. c. in Great Northern preferred. V. 66, p. 1044, 1188.
In 1899, Feb., 13i p c; May, 1^^ p. c; Aug., 1^ p. c.
Bonds.- St. P Min. A Man. consol. mort. of 1883 is for $50,000,000, of
which bonds are reserved to pay prior liens. It is a first lien on
the land grant and on 670 miles of railway in Minnesota and a
second lien on the remaining 1,873 miles in Minnesota and the DakoV. 64.
tas, the prior liens on which average only $7,300 per mile.
p. 518. Montana Extension mortgat'e Is for $25,000,000 for extensions
and for second track. <%b»$tra'-i V. 45, p. 342.
Pacific extension mortgage for £6,000,000 (trustee of mortgage Central Trust Company of New York), provides for bonds at £6,000 per
mile in Montana and £7,000 per mile west of Montana; £3.000,000
of this issue, in addition to those given in the table above, were pledged
to secure the Great Northern's collateral trust bonds, but were released
upon payment of the latter, called for redemption on Sept. 1, 1898.
V. 66, p. 1041, 1188. See abfiitraet of mortgage, V. 52, p. 82.
Eastern Railway of Minnesota runs from Hinckley northward 70
miles, to a point near Duluth: the first mortgage covers road, equipment,
terminals and elevators. The Northern Div $15,000,000 mortgage
Mfnn.,
of 1898 provides for extension building from Fosston,
to the head of lake navigation at Duluth, and also for future require
ments, including the retirement of the $4,70i),0i0l8t5s at maturity.
They are redeemable at 105 on three months' notice after Apr. 1, 1928.
—V. 66, p. 471. Montana Central bonds cover several roads. (See adv.
Chrov. Dec. 12, 1891.) The Manitoba guarantees these Issues, and
the Great Northern assumes the guaranty.
The Willmar tf Sioux Falls bonds are endorsed with joint and severnl
guaranty of the Manitoba and Great Northern companies. Further
issues may be made at .$17. .500 p. m. for additional road. V. 56, p. 247.
Minneu'noli.t Western first mortgage is for $1,000,000. V. 60, p. 835.
General Finances.— The preferred stock was increased in 1898-9
from $25,()()0,O0O to :{.90,OO0,000- see above and V. 66. p. 1 188; V. 67.
In 1897 98 received
p. 370. 78H, 842, 1003. 1356. V. 68. p. 772.
$500,000 (10 p. c), in 1896-7, $600,000 (12 p. 0.) and in 1895-6, 8
per cent, in dividends on Eastern Ry. of Minn, stuck.
The strength of the company is largely in its low grades and consequent large train loads (in 1897-98 averaging ,516 tons),
E*KNiNos.— Great North'n system (incl. St. P. M. A M., East, of Minn.
and Montana Central) .Inly 1 to June 30, 1899 (12 months) gross, $'24,9.(8,483, against $22,562,453 in 1898.
Annual REi'ORT.—Flscal year ends June 30. Annual meeting Is held
Report for
at St. Paul on the second Thursday in September.
1897-98 was published In full in V. 67, p. 785,796. See also p. 821.
,
18fl
est of £375,367.
DiviDKNDfi since 189 t: Guar.. 4% stock— 1894-97, nil; Oct., '98. 2%;
April. '99, 2%. On 1st preferred, April. 1899, 3 p c. V. 68, p.330.
Earnings— 3,518 miles. ) 1899. .Gross, $18,365,088; net, $6,050,158
^ 1 898..Gr.)ss.
18,532,447: net, 6,314 833
Jan. 1 to Mav 31.
Rn'oitT.-Stateineut for 898 was in V. 68, p. 376.
1896.
1897.
1898.
Te^rg Kintiny Dec. 31.
Total net income
Rentals
<k
A J.
A. A O.
F. A A.
'P. A A.
:M. A N.
J. A J.
J. A J.
IJ. A J.
Q-F.
1.
1
MUik,
I
Net earnings
F.
4
Total road
4,6&6
IF See separate statement this Co
3,5"6
Total in earnings
Organization.— A consolidation, in Aug. 1882, Of the Grand Trunk
and Gt. Western railways. Owns $^,185,800 of the $3,00,000 sto -k
and $1,186,000 of the bonds of the Central Vt. Ry.— V. 68, p. 427,
1076. As to traflii- agreement with latter see V. 68, p. 1076.
Stock, Etc.— The authorized capital on Deo. 31, 1S98. was £41,656,361 stock (£40,813,8 <4 issued and £842,530 unissued), advances
from the Canadian Government in aid of construction amount to
Perpetual consolidated 4 iier cent debet tare stock,
£3.111,500.
authorized by Act of 1882 and later Acts, has been Issued from
time to time to acquire securities and interest-bearing obligations of
the Grand Trunk, companies now consolidat+'d and those controlled,
amounting Dec. 31, l«98,to £6,868,801, and bearing an annual inter-
.
July
a7.907.000
Cinctn. Sac. « Mackinaw
Enlirt slack nvned.
Detroit Grand Haven & Milir
MicQigaij Air Line
ISO
162
105
J.
l,000.fec
Central VermontH
Chicago & Grand Trunks
3,('8<
,5
Varies.
7
£100&c b« 3,000,000
yiajnrily Stocf owneii.
LKUtn—pnrlly nu'n.d—
Atlantic i. St. Lawrenre. Portland. Me., to Island Pond, Vt...
A
4»3g, J.
Grand Trunk Ry. of Canada.— Operate* from Quebec, Can.
M mtreal, to Chicago, 111.; also to Portland, Bnfl'alo, Dettoit, etc.;
KErORTED
I
.T.
21,7.59,000
via
Milfs.
4
5
5
5
I
Irre<le<-uial)le
.1.
6
1,072,100
101,100
99,400
8P,372.100
a $11,502,000 additional pledged for Pacitic Extension binds of 1890.
b £3,000,000 additional held
$20,000,000 stock of St. P. Minn A Manitoba.
SYSTEM PROrER.
5
5
Irredeeiiialile
ti.—J.
6g. A.
18rt3
1887
1890
1882
1888
1898
1887
1888
723,080
611,100
15,900
347,990
187.500
6
J.&J.14
8,000,000
5,676,000
13,344,000
1879
1880
1883
West, car trusts, assumed
Gross earnings
Transportation expenses.
Dividend.
May, 1884
4
100
1,000
1,000
1,000
1,000
i3t.
^s
£7,168.055
4,270,375
12,515,678
414,300
100
Welllnjrton Grey & Bruce 1st M.. £.532,000. .. c
©t. .Yorf/iortt— Stock, to be$90.0(>o,ouo Seete.\t
Duluth Superior
*/ocA'»— Last.
Concluiled)—
£100
£100
£100
Consol. dclicntiiro stock ('ol. trust), cum
o;
....
1869
£100
2d equipment M. (subject to 1st M. in trust)
SECiufiTiKS OK Lines Consoudatkd with (i rand ''run k Ky.
Paoillo
«<««/»-- Principal, When Doe.
Whom.
Payable
of tables.
ad i-refereucc 4 uor cent stock. £7,l()8,05ri
Debenture stock, £4, '270, 575
^$50'000:000
INTEREST OR DIVIDENDS.
When Wh«re Payable, and by
Amount
For explanation of column headings, Ac., see notes
72
100
Hinckley to Duluth
Duluth to D er River.
Montana Central-
New
(Jreat Falls to Butte, etc. .. 261
Oirncfl, in)hondefl—ni>er. ifp'Vlu
—
Seattle A Montana RR.—
Seattle to Westminster
^
159
s
Total road July. 1898... 4,698
205 2d and 3il track and sidings. 736
Willmar to Yankton. 8. I).
East. Minn, exten., building. 130
Dnluth Watettown & Pat'ltlc218
70 Spokane Palls A Northern
Watertown to Huron, Dak.
Duluth
Mi".-. River A North. 36ifl
Minneapolis Union Ry., etc..
6,_
_.
betwefn
of
lin«
was
building
Exten.tlon
Ct. North, main
in 1898
Falls
miles.
796.
Duluth,
230
V.
67.
28,
The
SpokanFosston and
p.
A Northern was acfjiiired in 1898. V. 67, p. 30, 179. 797. The Duluth
Miss. R V. A Nor., etc.. w as purchased in 899, possession being taken
May 1. See V. 68, p. 87, 8 22. 976.
Stock, Leases, Etc.— Tlils corporation In February, 1890, leased the
8t. Paul Mlnntiapolls A Manitoba for 999 years, assuming iif fiimled
delitand guaranteeing 6 p.c. p«'r atinuiii In ifold on Its $20,0<)0,00<) stock.
In 1898 $25, 00^), 001) new Great Nor. i)ref«Tred, raising the total cipl
tal stocli to $50,0(10,000. was offered to stockhi'liltTS. $15,000,000 of
this being sold at pur to provide for retirement of $15,00'>,0(K) col.
tr. 48 of 18^2, called for redcniption Sept. !, 1898. and $10.'i((o,ooo
stock of thii Seattle A Montana
being exchanged for tlie $12,500,0
RR., which In .lunc. 1898, hud bit'U dcclart^d dlstrlbutablM as a .-^O per
cent dividend to (ireat Northern sttxMiolder-. V. 66, p. 1044, \IHH\
.
(1.)
.
OPERATIONS ORKVT
NOIITIIEKN'
1898.
4,466
Ycarend.Jnne-AO.
Av. miles operated
$22,,577,544
(Jross earnings
Opcr, expenses and taxes.... 11.555,645
SYSTEM rUOI'EK.
1897.
4,415
$19,436,061
11,304,520
1896.
4,374
$19,612,56.3
10,86 3„545
I
1
V. 67, p. 796.
In October. 1898, the stockholders surrendered the right t<i issue
$20,000,000 common stock in addition to the $".0,000,000 preferred
then outstiinding, and made all the stock "of a single class, with mil
form rights and privileges " Also authorized the purchitse of the $20.000,000 of guaranteed « per cent stock of the St Paul Mliitii-a|iollM A
ManiUilia, on thebasls of $125 Great Northern stock for each $100
Manltobd stock, IIpm Increasing.' the flrciit Northern stock to $7.5,-
$8,749,018
$8,131,541
?U,021.899
5539
58*16
5118
Ataxes
(2) GREAT NORTHERN RAILROAD INCOME ACCOUNT.
Net earnings
P.
o.of exp.
1898.
Tear ending. hme 20.
$->,737,ie6
St. P. M. A Man
69,418
Interest on bonds owned
1,259,357
Dividends on stocks owned...
419,844
Profit on Trcas. secur sold
161.116
Rentals of leased lines
161,35!)
Lit+irest and ('xchange
15,919
rillls receivable
,388,151
Other Income
1897.
.$6,318,445
$11,218,630
$7,837,997
*7,fi7.5,5flJ
,5,396,8«i:i
%:«8<>.729
(5)1,2,50,000
,^ -V; J;?'"*';
Vet earns
.
95,823
1,000,548
.
Total receipts
Paid rental St. P.M.
A Man.
Northern divlilends. ...(5)l,500.0O0
2.250.000
Renewal, etc funds.
rjreat
187.256
73,557
15.rt3H
148.530
„ l;^?^^.
$6,870,419
.^^'i?!'?
403,631
„„„Ai'.
220,254
VA',V;
•^"'il'.'
74,89.
(5)l,250.0O<»
,
Balance
sr.*2,071,7rt7 sr.»l,207,2fl« sr.tl.042.54«
66
INVESTOKS' SLTPPLEMENT.
[Vol.
LXIX.
July.
KAILEOAD STOCKS AND BONDS.
18Jt9.J
Siibscrlbera «rlll confer a great favor by slvliic
RAILROADS.
column headings, Ac, see
on tlrst page of tables.
F jr explanation
0reen Bau
rf
of
Miles
Date
of
of
notei
$100
mortgage
Beaumont
<<
8
K. O.— 1st M., $10,000 p.m., gold.ol
OAicaflTO— Stock
Interstate Ry. of r&ras-lst mortgage, gold.
(t
Bulf it
!
Ship Island-Ut M.,$o,000,000, gold Itla.C
Hancock di Calu wf/— Stock
Consol. M. ($400,000) gold, redeemable at 105...
ehilfil:
Hannibal
<t St.
75
62
mortgage
Hibemia Mine
Hocking Valley
1 St
70
75
/?(/.— Stock, common, $1 1,000,0 0.
Stock, pref., $15,000,000 4 p o. non-cnm
Col.&Hook Val l8tM.,ext. in gold. V. 68,i>.42S.c*
A
Toledo Isi M. (Columbus to Walbrldge).o'
<fo Toledo '2d M. (Columbus to Walbridgo.o*
Ohio & West. Va. Ist M. (Logan to Pomerov)o*..
Hock. V. l8t consol. mort., $20,000,000, gold.Ce
Car trust bonds and scrip, s. f., red. at par, gold.
Hoosac Tunnel it Wilmington— Stooii
let mortgage, $250,000, gold
OB
1,000
1,000
1872
1893
100
500
500
100
1895
1897
"ibo
i
1891
1,000
100
100
289
1881
1894
54
54
109
109
1,000
10,000
50
1853 500 Ao,
100
1883
1,000
100
100
100
or»»
1867 500 Ao,
1875
l.OlO
1880
i.oro
1880
1,000
1899
1894
i",6'oo
iwr>
"1
76
118
118
85
....
....
1892
2'4'i^
100
1,000
(3) OPERATIONS OF WHOLE SYSTEM.
Nel.
Olh. inc.
Tot. net inc.
Oross.
Tear end. June 30,'98.
St. Paul M. & M. Ry. $17,639,770 $8,737,166 $1,356,465 $10,093,631
121,081
986,458
865,377
Eastern Ry. of Minn.
2,018,031
956.066
944,075
11,990
Montana Central Rv. 2,126,342
694
460,502
740,160
459,808
Wm. A Sioux Falls Ry.
124
15,470
15,594
53,239
Dul. Water. & Pac. Ry
Tot. Ry. sys. proper$22,577,544 $11,021,897 $1,490,356 $12,512,253
19
182,332
227,420
182,313
Minneapolis Union...
46,189
37,545
8,643
Mlnreapolls Western*
66,489
13,500
13,500
36,164
Duluth Terminal
321,621
296,926
24,696
2,113,576
8S., coal A expr'a cos
Tot. for the sy.stem. $25,021, 193 $11,552,181 $1,523,714 $13,075,895
From this last result ($13,075,-95) are payable the total interest
charge of all the companies, $5,310,663, and the guaranteed dividends
on St. Paul Minneapolis A Manitoba stock, $1,200,000, a total <f
$6,510,663, leaving a balance of $6,565,232, from which have been
paid dividends aggregatins? $1,500,000 on the stock of the Great
Worthem Ry. Co., and $2,250,000 was set aside for renewal funds.—
V. 68, p. 129, 187, 772, 822. 976, 1133, 1181; V. 69, p. 80.)
Western
Road owned from Green Bay, Wis.
Green
to Marshland, Wis., 209 miles; branches, 13 m.; trackage to Winona, 4
History.— reorganization June 5, 1896 (per plan In V. 61, p. 471).
Of the Green Bay Winona
St. Paul, sold in foreclosure May 12, 1896,
Securities. —There are no llxed charges on the property other than
taxes, nor can any be placed thereon, or the property be sold or leased
without consent of 75 per cent of stock. Class A debentures are entitled to 2i<3 per cent Interest, if earned, then common stock to 21^ p.c,
then the two share ratably but after 5 per cent has been paid on both,
class B bonds are entitled to all surplus earnings. See V. 61, p. 471.
Dividend of 2i2p. c. was paid on class A Feb. 15. 1898. " out of the
et earnings for the year 1897." (V. 66, p. 288.) On Feb. 15, 1899,
and also first dividend, l^p. c, on com2>a p. c. was paid on series
mon stock. V. 68, p. 85.
Earss.— Passenger. Freight.
Oross.
Net.
Charges. Bui., sur.
1897 8
$107,642 $327,527 $446,342 $69,503
Bay &
K>.—
A
m
&
;
A
1896-7
-
-
Outstanding Rate Per
Cent.
When
i-
pal.Wlien Due.
,SV(><-A:*— La«l
Dividend.
and by
fiiy
Payable'
311,689
104,883
419,759
77,945
72,146
5,799
Directors.— S. S. Palmer, Pres.; Mark T. Cox, Sec. and Treas., 40 Wall
Street, N. Y.; C. Ledyard Blair, J. A. Jordan, W. J. Hunt. (V. 68. p. 85.)
Greene RR.— Owns road from Chenango Forks to Greene, N. Y.,
8 miles. Leased to Delaware Lack.W. for term of charter for 6 per cent
on stock and interest on bonds. Capital stock, $200,000 par, $10.
Gaadalape Talley RR.— Projected from O'Connorsport north
toward Austin and San Antonio, Tex., about 350 miles. In Mar., l>-99,
;
about 75 miles reported to be graded. In Jan., 1899, the company
Btatedconstruotion was "being rapidly pushed, although not yet at the
stage required by the Texas'laws for bond issues to be authorized."
President, U. Lott; Sec, John T. Bonner, Victoria, Tex.
&
Gnir Beaumont Kanitait City Ry.— Beaumont, Tex., to NowtonvlUe, Tex., and branches, 75 miles. Capital stock $500,000; par
$100. 2d M. $750,000 issued, but not outstanding. E,vkni.N(;s.— Year
ending June 30, 1899, gross, $240,022; oiierating expenses (June,
IJiOO, estimated), $137,198; net, $102,824; bond interest, $45,000;
other Interest charKes, $2,«17; taxes, $4,'.(67; surplu.s, .$50,040.
By special Act of Texas Legislature acquired franclii.se and property
lights of Gulf Beaumont & Great X')rtlieru Ry. and authority to issue
bonds in name of latter c i>miiany on extension from Newtonville
northward. .Stock of G. B. A (i. X. will be .$1,000 per iriile of road, as
and when built, and will lie held and owned by (i. B. A: K. C, while
bonds of G. B. A O X. will he In amount as fixed by the Texas RR.
Commission, and will be gnaranteed by the O B. iV K. C. Road will
be extended within 12 mimths (jibout) 145 miles to Wascom, Tex., to
connection with M. K. it T. and V. S. A P. Rys., with which railway
companies contracts have been arranged for trackage into Jeffersoii.
Texas, and .Hlireveport, La., respectively, (ieneral oflice, 12 Pearl St.,
Boston. In Xew York see J C. Uhew, Fiscal Agent, 68 Broad St.
Gulf Sc irter-stato Railway of Texan.- Port Bolivar, on
Galveston Bay, to Beaumont. Texas, 70 miles. Transfer to Galveston
is made by boat.
Road placed in active operation on Jan. 10. 1^98.
since which time it has lieen practically rebuilt. Projected to Red
River. exas. 380 miles, with l)rancli. Winnie to Beaumont. '.?5 miles;
total 405 miles. Bonds. 1st 30 year Kold 5s. Improvement A Loan Co.
of (Jalveston. trustee; amount outstandinif June 30. 1&98, $829,000.
Capital stock, as reduced by oxcliaiiKc for bonds In Ih'.H, .$71.<MiO.
Year ending June 30, 1898, gross, $(<!), 238; def. under operating, $26,542. V. 67, p. 28.
.See S tip. for Apr., 1890Gnir LoiiIhIhuh A fit. Nortlwrn
Gulf&Slilp iHlnnd KR.—Hoad runs from the Gulf at Gulfport
to Hattiesbnrg. Miss., 71 miles; branch to frandstiDro. 4 mileH.
In May, 1><99. extcn-<ion from Ilattlc-iliurK t(» JnckHon repoited io lie
under construction, of which 15 miles bad been traded. Extension
also reported to be propoued from Liimlnrton t<i Columbia. .Miss.,
about .^O miles. In June. i-<W.), purchased Laurel \- .Nortliwestern. extending from Laurel to a point near leaf River, 15 miles, and jiroposed
to extend the line 2.'> miles westerly to a (lonneclloii with the main line
I
RR.—
$2,500,000 l>^iFb'99
f 00,000 2i«Fl>'99
7,000,000
200.000
6
200.000
7
750,000
6
400,000 3^ in '97
8'29,000
100
"22
4>4
fiif.— Stock
1896
1896
....
Joseph— Common
Preferred
o"
Consol. mortgage, now 1st mortgage
Funding notes
Hamso. Portsm'th in. Joy dt Lo7jc.— 8took,7p. c.gu.
1st mortgage (ext'd in 1983), guar.p.&l.Pa. RR..r
Hartford dt Connecticut Western— Qtoo^
Col.
Col.
I
'
Par
Road. Bonds Value.
on Class A, deb
Debentures, Class A, Incomes, text, nonoum..o"
o*
Class B, Incomes, after stock, non-cum
etreene RR. (X. r.>— Stock
exilj
&tilf
Immediate notice of any error dlMcovered In theae Tablcn.
Honii.H--i'rin<
INTERKST_ FOi: DIVIDENDS,
Amount.
Size, or
Wlhorn.
n'eslerri RR. —
Stocfe, dlvs. aft.'2i<3 p.o.
First
67
5
5
1,050,000
gIt
.
350,000 See text.
325,000
5 g.
9,l(i8,700 See text.
5,083,200 See text.
6
8,000,000
90,000
6
1,182,550
7
700,000
4
2,707,700
2
700,000
5
200.000
6
6,000,000
10,000,000
1,401,000
4g.
2,500,000
7
600,000
7
1,5x4,000
7
7,200,0(0
4iflg.
1,023,780
6 g.
250,000 2 In 1898
176,000
5g.
i
of the Gulf
A
Feb
Feb
N. Y.
of.,
do
do
•
40 Wall.
do
do
Feb.15,'99. lifl
Feb.l5,'99,2>«
J. "a D. D.L.A\V.ofr.2()i:xcli.Pl.
do
J.
D.
do
p.
A.
Boston, 12 IViirl Ht.
June, 1890,3%
A
A
Dec.
J.
J.
"a b.
A
J.
J.
"a
J.
Deo'ber.
M A
;
8.
A J.
A J.
PAA.31
J. A J.
A. A O.
J.
J.
A.
F.
M.
M.
J.
A O
A A.
A S
A N.
A J.
Q.-J.
M.
Ship Island.
A
S.
lil02
1913
Miiv, '99, >«%
Dec, 1925
1927
Galveston, Texas.
Now York.
New York
1,
Autf.
Ripley, Miss.
City.
Sept.
N. Y., Nat. City Bank.
Boston OHice.
1,
I, '97,
5%
Jan. 1, 1931
Dec. 31. 1895
do
June30'97,3%
N.Y.,Bk.of No. America. Mcli. 1, IBU
Phlla.,
Mch. 1, 1911
Company's Ottlce July,'<»9,3'a%
do
do
July
Hartford.
do
See Central of N.
N.Y., J.P.
1.
1913
Fob., '99,
July
1,
Apr., '99,
J.
Morgan A Co
1%
l9(.'t
3%
1948
1905
1900
do
May
1910
Int. from July 1. 1899
July
1999
N. Y., Atlantic Trust Co Apr.
1904
Dec.31,'98,2%
Bo9t.,01d Colony Tr.Co.j Sept. 1, 1922
N. Y., State 'Trust Co
do
do
V. 6P,p. IIPI.
do
Oct.
I
Aug.
Sept.
1,
1,
1,
1,
1,
1.
Capital stock. $1,400,000.
Land grant about 150,000 acres. Prc^sident, J. T. Jones; Treasurer,
W. W. Bell; Main otHce, Gulfport, Miss. For year ending June 30,
1898, gross, $158,298; net, $71,575; income from land sales, etc.,
$250,772; charges, $63,368; balance, surplus, $258,979. On June 20,
189-, car trusts were $48,162.— (V. 63, p. 357, 559; V. 68, p. 1181.)
Hancocli &. Calumet
Owns narrow-gauge road Hancock
to Fulton. Mich., 24 miles; branches, 7 miles; total, 31 miles.
8took $350,000; par $100- $250,000 owned by Mineral Range RR.
Dividends.- In 1893, 5 p. c; in 1894, 2^3 p. c; In 1895. Feb.. 2"^ p. o.
June, 5 p. c; in 1896, Feb., 5 p. c; Aug.. 5 p. c; in 1897, Sept., 5 p. o.
In year 1897-98. gross. $18.5,250; net, including other income, $32,475; interest, etc., $21,943; dividends, $17,500; bal., surp., $6,968.
Hannibal Sc St. Joaepli
Owns Hannibal. Mo., to St. Joseph, xMo., 206 miles; branches— Cameron to Kansas City, 54 miles; St.
Jo.seph to Atchison. Kan., 22 miles; Palmyra to Qulnoy, ni.,eto.,15 miles,
total operated, 297 miles of this 8 milos leased and operated Jointly
with other companies. Owns bridge at Kansas City.
Stock.— Chlo. Burl. A Qulncy owns $14,245,000 stock. Common is
$9,168,700; pref. 7 p. c, noncum., $5,081,200; par. $100.
Dividends.— ) '90. '91. '92. '93. '94. '95. '96. 6mos.'97. '97-8
Common, p. c. >
0-7 23 2-2
O
7
095
6-.54
Pref erred, p. 0. ) abt. 2 6-82 7
7
7
7
3
7
See description of mortgage lien in October, 1896, Supplement, p. 2
Earnings.— For year ending June 30.1898. gross, $2,949,159; net,
$932,360; other Income, $10,636 interest, etc. $495,013 dividends,
In calendar years sur$447,983; balance, surplus for year, $5,070.
plus for dividends: 1896, $332,887; in 1895. $507,552 1894, $592..558.
Harrlman Nortlina8ter<' Ry.— Harriraan to Petros. T>»nn.,
22 miles; completed in 1893. In April, 1899 short spurs being built
to coal mines.
Stock (!). Honds, $300,000, 20 year gold 6s, dated
Dec. 13. 1895; Central Trust (^o., N. Y.. trustee. Pros.. E. R. Chapman, 80 Broadway, N. Y.; V.-Pres., J. E. Rodes, Harriman, Tena.; Sec.
W. B. Winslow, 253 Broadway, N Y.
RR.—
RR.—
;
;
;
;
&
Harrlaburi^ Portsmoutli
RR.—
Joy
ITIt.
Owns
6c Eianeaster
Dlllerville, Pa., to Harrisburg, Pa., 36 miles branch, Middletown,
Pa., to Columbia, Pa., 18 miles; total operated, 54 miles. Leased to the
from
;
Pennsylvania RR. Co. for 999 years from January 1, 1861, the rental
being 7 per cent on the stock and interest on the bonds, taxes and expenses of organization. Stock, $1,182,550; par $50.
Hartford &. Connecticut Western Ry.—Owns from Hartford
Conn., to Rhlneoliir, N. Y., 109 miles. Leased till August. 1940. to the
Philadelphia Reading A New England (now Central New England),
the rental paying charges and 2 per cent per annum on the stock. There
are $20,500 Conn. West. RR. 7 per cent bonds due 1900.
Of the stock
$1,390,00018 owned by lessee.
Hibernla
RR.— Owns
from Rockaway, N. J., to Hlbemla
J. in 1890 for $12,000 per an.
Hoociac Tunnel Sc Wiln2in<;ton RK.— Narrow (}auob.—
Owns road from Housao Tunnel, Mass., to Wilmington, Vt 24 "^ miles.
Bonds in treasury, $74,000
Bills payable June 30, 1898, $77,6!* 1.
Earnings for year 1897-98, gross, $54,569; net, $21,185; charges
ITIlne
Mines, N.J. ,414 m. Leased to Cent, of N.
,
$14,066; dividends (2 p. c), $5,000. In 1894-95 dividends. 1 p. c; In
1896, Dec, 1 p. c; in 1897, Deo. 31, 2 p. c; in 1898, Deo. 31,2 p. 0.
Hockins Valley Railway— C.Sfin jTf«;>.;— This company owns
main line from Pomeroy, O., to Walbridge, O., 250 miles, witli trackage (Penn. RR. System) Walbridge to Toledo, 6 miles branches to
Athens, Nelsonvllle, etc.. 73 miles; MoArthur Junction to Jackson.
17 miles. 10 miles is electric as well as steam); total, 3l<> m.; second
Also owns substantially all the bonds and the entire
tra(^k, 25 miles.
stock of Wellston & Jackson Belt Ry. (McAithur's Junctlou, O., to
Jackson. O.), 18 miles.
History, AC— Successor on Feb. 25, 1899, per plan In V. (>"*, p. 231,
to the Columbus Hock. Valley A Toledo Kv.. sold under foreclosure
Feb. 24, 1899. V. 68, p. 231, 379. The coal land.-, from wliiili the bulk
of the company's business is derived, aggregate about 2u, 975 acres, and
are covoreU liy the new consol. mortgage.
STOCll.—Common, $11,000,000, imiiiediato issue not to exceeil .$6,
000 000; preferred stock, 4 p. o. non-oumulatlve, $15,000.0(»(). Immediate l.ssue $10,000,000. There is reserved $5.()00,()()0eachor preferred
and common stock to acciiiire Interests In the 'I'ol. A Ohio Cent, and
(;ol Hand. A H. railways, i' practicable o- desirable. The rights of the
new lyroferred stock areas follows:
;
I'referrofi slock U to bn nreferred b'ltli n« to (livlilendu ami Bi»ot<i In rmo
ot liquidation and niil)J»ct to the ftiitiilory rliflit <if the ii.mpaii.v to reilciMii the
name at var. After 4 per cent o' both ((Jinnion unil preferred Khali h»vi« in>uii
[)»lil for anr JIbchI Te«r, further dividends fi'f siK-h year nhall lie 'or lh<> I'mial
he Inorc/ifed only
hrneflt of both HtockK. Total iK-iiie of preferrfd nlock
with the coiiBont of a majority of the prcfericd stork glYen at a mvotiiitf and
also the consent of the hDhlers of a iiwijorlt y of such port of the common
Ill u.
stock as hIibII lie rcprciienled iit ^uch 11
Bonds. -Conaolldate<l inorlifftge Is for $:0,000.000, Immediate Issue
$7,200,000. The new bond-. I>esides havtntf a Hen on ihe entire property, HUbjei t only to <(7,15.''i,ooo prior liomls, have tlio beuellt of ft tlr»t
lien on all the coal lamN (from which the bulk of llic I. msiiicss !« derived), estimated at './<>. M7 I a<res; $7. L'l.'N, ()()(» consols are reserved to
mn
retire the existing
bonds (these existing bonds, however, njay be ex-
V
68
INVESTORS'
SUPPLEMENT.
[Vol.
LXIX
July.
I.s99.
KAILKOAD STOCKS AND BONDS
i
RAfLBOADS.
Miles
Date Size
0»
INTEREST OR DIVIDENDS.
or,
«o(i</»— prlD.
^^^.^^^
Rate per When Where Pa^yable. and by
For explanation of column headings, Ac, see note^
Road. Bonds Value, Outstanding
Cent.
Payable
\\ hoiii.
on ttrst pa^e of tables.
Eol Spritigit- Stock, $600,000, authorized
1st M., $.500,000. )!„ $v >!,000 cancoUeil by 8. f .0*
Houst. East dt West Jejo*— Stock
C
Ist mortKasP. Kold IJii
Ettiist.d: Tex. C'.KA'.— state of Tex. pr. lien 1st 75 m.
$100
22
192
75
453
lstM.l.Kr.,»:.,rwl.ll0.int.f;n.,$l,l-<7.('00 pd..c*.fer
Con.M.,l.>c.,g.,red.at 110, int.iru.,$ 16 1,000 pd.c*>tr
453
453
Geu. M..Kold.tui.i;uar.,end.,$S,000 paid.Mpo'Ar
Deben., p. and I. ifu. 8o. Pac, end., cuiiouey.c'Ar
New bonds iDr Waco it N. W
HunlingdO'i .f Hroad 7(>/>— (.'oiunion stooK
Preferred stook, 7 percent, non-euniulatlve
l8t mort., extended in 1890 (int. only in itoldK..
805, p & i., gold)
'Jd luort., old 7s, extended in
o*
3d niortKaite, oonsol., ext. in gold in 1895
Consol. car tru.st, $68 000 due Oct. 1 yearly....
H'ltcht's'ndt So.— \xt M.,K.,rod.l05aft.l007.0B.o*
Illinois Cert (rn I— Stock
Leased line 4 per cent stock, guar, (see remarks.)
63
63
63
63
63
1
Sterling bds. old 6s ext. in 1895
Sterl. of '03, £ 10,000 dr'nyrl.o'
Sterling bonds, due 1905
lAooooooi 'is
of 1886. due 1951, gold....o*
IJ-f,;^!^' »Yi1
SiflS of 1886, due 1951, gold. .c*
ITL^^
aquaiiy
[39 of 1895. due 1951, gold.o*&r.
Trust bonds sterl. (secured by Ch. St.L.&N.O.cons.)
let M.,Sp.I)iv. ref. m.. (V 66. p. 1237) g.Us.xc\fer
l8t M., Middle 01v.,Otto to Norman June. Abrs.r
o*&r
Collateral trust bonds, cold, $
l8t mort.
„,
"'
i'36
1893
1870
1890
1890
1890
1897
1899
1.000
i
1,00
1.000
1,000
1,000
60
50
500
500
1854
1857
1865
1896
1898
,
I
i
1,000
1,000
1,000
111
131
857
c*Ar
T..c*&r
798
tended at maturity) and $5, (>45. 000 (estimated) for the acquisition of
new property and betteru)ent.s. 8ub.staDtially all of the bonds and
stock of the Ohio I.<aud A Ry. Co. and the Wellston Jachson Belt Ry..
IS miles, are deposited under said mortgage. See tall description of
bonds In V. 68, i>. 823.
SKitiis of Xetr vo »i pa inj.— The estimated annual fixed ch?.r,i;ps of the
reorganized company are about $750,000 (a rcnictlon of $450,000).
suliject to further reduction when and as the 7 per cent bonds maturing from 1900 to 1910 are extended at lower rates of interest or replaced by the new 1st consol. 413s. The net Income, as shown by the
pin u (after making proper allowance for d-preclatiou of equipment
and other property), for the years ending June 30 was:
1895-'.
1804 5.
1896-7.
1897-8.
$932,773
$905,517
$570,678
$866,811
The earnings of 1897 were abuormally low owing to competition
wkich, it is hoped, will not again occur with like severity.
L.\TKST Earnings.— 3 mos.. 5 1898-9... Gross. $723,119; net. $225, «10
Mar. 1 to May 31.
H897-8... Gross, 651,528; net, 183,321
\SNCAL Report.— TratHc is mostly freight, and 64 per cent of this is
bituminous coal. Average train load is large— in 1894, 450 tons.
1895.
Vfar ending Dec. 31—
1898.
1897.
1896.
Gross earnings
$2,756,552 $2,580,467 $2.505.61 1 $2,676,421
Pres.. N. Monsarrat; Sec. an^l Tr.-as.. W. N. Cott; General Ooun^pl;
J. H. Hoyt; Asst. Sec. and Treas., A. H. Gillard.— (V. 68, p. 927. 976.)
Hot Springn RR.— Road from Malvern to Hot Springs, Ark., 22
miles, opened in 1875. Mortgage trustee. Merchants' L. A T. Co..
Chicago. Year ending Dec. 31, 1898, gro.ss, $157,902 net. $48,629;
iV:
;
interest. $2:^,800; bal., sur., $24,829. Accumulated .surplus used in
paying dividecd for 1898. In 1897 gi-oss, $140,055.
Houaton East A:
Texan Kf.— Owns
AVe«t
from Houston. Texas,
to Sabine River at Logansport. 192 miles, where it connects with the
Houston A Shreveport RR.. Logansport to 8hreveport,40 miles, forming a direct line from Houston, Tex., to Shreveport. La.. 232 tuiles. In
Apr , 1899, an act was passed providing for the consolidation of the
Houston & Shreveport RR.— V, 68. p. 823.
H. E. A W. Tex. Ry.
&
Bonds. Etc.- Reorganized In August, 1896, without foreclosure. Honds reduced from $3,840,000 to $2,112,000; authorized issue
limited to $3.000.000 $888,000 bonds were reserved for betterments,
Improvements, etc. Stock outstanding. $1,920,000.
Latkst Earnings.- aix months ending Dec. 31:
a months —
Taxes. etc. liilere><l.
Bal., sur,
dross.
Net.
$79,312
$154,298
$67..500
$369,585
$7,385
1898
50.373
1897
361,037
118,316
8.162
59,781
RKi'ORT in V. 65, p. 822. For year 1897-98, gross, $631,842; net,
:
$179,587; taxes, $16,592; balance for interest, $162,995. interest
Charge. $123,402. In 1896-7, gross. $571,1.50
net. $136,833; taxes,
$15,637. Fiscal agent, Blair & Co., N. Y. (V. 65, p. 1140; V. 68, p. 823).
;
—
Hounton ic Texas Central Railroad. (See Map of Southern
Far.iflo-O'wnt from Houston, Texas, to Denison, Texas, 338 miles,,
Hempstead, Tex., to Austin, Texas. 114 miles; Bremond to Ross. Tex
54 mil-H (former Waco A Northwestern acquired in July. 1898) total
owned. 453 miles. Also operates Fort Worth A New Orl. Ry.. Garrett
Ft. Worth. 40 m,; f lent. Tex. A N. W., 12 m.; Austin A N.W., 107; other ,4 m.
In May, 1899, the Governor signed the bill allowing the Co. to absorb the Central Texas <v Northwestern. Fort Worth A New Orleans.
Lancaster Tap. Austin 4 N. W. and the Granite Mt. A Marble Falls City
now parts of the Southern Pacittc syMtem, a t^tal of 171 miles, and
to build from the .Vustin A -N'orthwestern north to Lampasas also to
Issue additional bond.- of II. AT. C. in place of the bonds of the old
roads. V.68,p. 1024.
History.— Successor April 11. 1893. to a railway company fore
olosed Sept. 8. 1888. Reorganization plan V. 45, p. 792, 820.
Consolidation with Texas Central has been proposed. Waco A Northwestern was acquired in July. 1S98, for $1,529,000. but what securities
win be issued therefor not determined See also above.
Bonus.— 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 tlie road.
The Southern Pacific (.'ompany guarantees Interest on all the bonds
and both principal and int. of rf«ftR)i/i<rM of 1897. The ^r«< mortgagt
bonds and the consolidated mortgage bonds mav be called for redemj)tlon at 110 with proceeds of land sales. See full ahnlracls of all the
mortgagesln V. 52, n. 242. Of tho.$5,068,000consolidated 6s authorized
$1,149,000 (not Included in the amount outstanding above) are held as
part security for the general 48. Stock, $10,000,000, of which the 80.
FaclHc Co. owns 9.."i98. 00; par.$li 0.
As to school fund claim for .$673,100. aee V. 64, p. 1137; V. 66,p.
471. Appeal taken to U. S. Supreme Court.
Lands.-The lan<ls Jnno30. 1897. consisted for first mortgage of
2.210,144 acres; consol. mortgage, 1 ,4 65,958 acres; general mortgage, lJ,996acre8. Deferred payments were: For Ist mort.. 4(194,288;
con.HOl. mortgage, $160,098; general mort., $1,158. V. 65, p. 860
Latkst Earnings— 11 mos., } 1898-9.( iroa-*, .$4,1 16,21 1 tiet,$l, 499, 207
1897-8. i*ross, 3,462,44 I; net, 1, 72,200
.July 1 to .May 31.
J
Fisral year changed In 1897 to end June 30. Report for 1897 98. In
V. 67, p. 1260,showed grosB$3.U>4.53(); net, $1,0.I6,»7«; other income,
$2,45 4; Interest, $792,264 taxes, <(69.546
betterments, $108,656;
.
;
;
;
;
;
5
1,920,000
2.700,000
See text.
g.
Mch. '99 Mer.
L.
J.
do
A
•5-g. m!
J.
A Tr.
Co., Chio,
do
AN. New
York. Blair A Co.
Houston, Texas.
5 g. J.".%"j. N. Y.. Central Trust Co,
do
6 g. A. & 0.
do
do
4g. A. & 0.
do
5
A. & 0.
do
do
(1,877,000
3,455,000
4.297.000
5.=>0.000
1.371,750 1 ln'i897
.2,000.000 5 "a ill '99
416,000
4 g.
367.500
4 g.
1.497.000
5 g5
544.000
645,000
5 g.
52,500.000 5 in 1899
10,000,000
4
2,500,000
4 g.
3,350,000
5 »?•
1,000,000
5g.
1,500,000
4g.
2,499,000
3»fl g.
1875
«200
1874
«200
1875
*200
1886
1,000
1886
1,000
1895
£200
£500,000
£200 $5,266,000
1886
1897
1,000
1,995,000
1881
1,000
968,000
1888 500 &c. 15,000,000
1890
1,000
3,000.000
1892 i500 &o. 25.000,000
'
706
I
'
6
Dlvldeud.
Moh.. 1899
July 1, 1943
May
1933
1,
Annually.
July 1. 1937
Oct.
1,
Apr.
1.
1912
1921
1902
Oct. 1.
(I)
100
'
&
1,000
•100
I
Cairo Bridge bonds, gold (see remarks)
Col.trust, $25,000,000. gold, on L. N. O.
1893
$600,000
472,000
I-
pal, When Doe.
Stocks— liAfi
F.
A.
F.
A.
A.
.1.
M.
J.
A.
A.
J.
J.
J.
3g. M.
3i« g. J.
3 lag. .1.
5
4
4
F.
g.
g.
A.
J.
4g. M.
Sc
A
&
&
&
A
&
&
&
&
&
&
&
&
&
&
&
&
&
A
Phll.Of..4thAWalnut8t. Fob. 8, '97, 1%
do
do
.\ug. 1,'99, :(%
do
0.
do
Hept. 30, 1920
A.
do
Feb. 1. 1925
do
A.
do
0.
J.
8.
J.
do
Mch. 31. 1925
Phila.,Merchant8'Trust O(t.l,'99-1906
Old Col. Tr. Co.. Boston Jan. 1, 1928
N. Y.,214 B'wav&Lou. S<'p.l.*»9,2»««
N.Y.,214 B'way&Lon, July, '99. 2%
]..ondon.
0.
0. London, Morton. C. A Co,
D.
J.
J.
8.
J.
J.
A.
0.
D.
N.
do
New
do
York, 214 B'dway
do
do
London.
London. Baring Bros.
New York. 214 B'dway
do
do
do
do
do
do
do
do
Apr.
Apr.
Deo.
Jan.
Jan.
Mar.
July
Jan.
Aug.
Apr.
Dec.
Nov.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
19.51
1903
1908
1951
1951
1951
1950
1951
1921
1952
1950
1953
miscell., $22,735; bal., sur.. .$46,229. In 1896-97. gross. $3,206,572;
net, $1,032.432.— (V. 67. 1260. 1309; V. 68, p. 571, 871, 102 J, 1181.)
Huntingdon
&.
Broad Ton Mt. RR.
Huntingdon, Pa., to Mount Dallas.
.0002455
77 777
DiviDKNDS—
On common
dc Coal Co.— Owns from
45 miles; branches, 18 milea.
'93. '94. '95. '96. '97. '98. 1899
Pa.,
88. '89. '90. "91. '92.
410
65
412
(Jn preferred.
5
5
5«3
Annual Report.— Report tor 1898 was
7
given In V. 68.
p.
5ia
326.
Oross.
Net.
Interest.
Divid'nds.
Balance.
$506,747 $230,814 $107,260
.$99,523
sur.«24,031
106.655
134.020 sur. 3,350
509,540
244,025
583,362
299,212
106.190
181.151
sur. 11,871
V. 68, p. 32 K.)
p. 326; V. 6.'i,p. Ill; V. 66. p. 288. 331
Hutchinson & Sontliern Ry.— From Hutchinson. Kan., to
Blackwell. 130 miles. Blackwell to Piiica City expected to be comAlso projected to Denison.Tex., 200 miles.
pleted about May 1. 1899
Successor in Jan., 1898. to Hutchinson A Southern iUft. foreclosed.
BONDS, Etc.— 1st mort. 5s subject to call after 10 years (Old Col. Tr.
Co.. Boston, mortsrage trustee), to bo Issued at not exceeding $5,000
per mile of completed road up to 150 m. Stock is $2,580,000; par 100.
Earnings.- For 8 mos. ending Dec. 31. 1898, old Co. earned on 104
miles, gross, $94,754; net, $37,903; from Mar. 1 to Dec. 31, 1898, new
A. Bradford. Jr.,
Co on 129 miles, gross. $185,313; net. $87,700
President.- (V. 66, p. 82, 183, 236; V. 67. p. 274, V. 68. p. 371
1898
1897
1896
-(V. 64,
;
W
,
)
Illinois Central RR.—(<Siee
lfa/».)— Road.— Operates
from Chicago
111., southerly to New Orleans, La.. 912 miles, and westerly to Sioux
Citv, la., 509 miles, with numerous branches. Its road, clearly shown
on the accompanying map, is made up as follows: (Uwhich see")
Road owned in fee.
Miles.
Leased. — Control owned.
Miles.
Chicago to Cairo, III. ( »T„i„ ) 815 Dubuque & Sioux City Tf
600
lU.,
Louis
H.1T
Centralia,
to East } ^VT™
239
^stem. 1341 St.Leased. Alton A Terre
Dubuoue. la
Louisv. Br. from L. A N
Leased, entire stock owned.
46
Chicago A Texas (.8ept.'97....
Chicago St. L. & N. O. RR.
80
Cairo. 111., to New Orleans. 547
Total system June 30. '98 .4.615
Line to Louisville, etc
)
396
(C. O. & S W. A br'ohes)..
0/ which earns, kept separate —
Evansv. Line (Ohio Val. KR. 139 Yazoo A Miss. Vail. RR
947
Mem.. Ten., to Grenada. Miss. 100
Total included In earns.
Vazoo <fe Mls.slsslppi Val. RR.
July 1, 1898
lIMemiihis to N. O. and brs. 947
3,668
Entire stock owned.
St. Louis Ind. & Eastern—
815
Swltz City to Etfingh'm, III. 90
Branches
.
.
^
NoTB.— On June 30. 1898. the company reported 3,808 miles Included
In earnings, contrasting with 3.130 miles in June. 1897. The Increase
of 678 miles consisted of the Chesapeake Ohio A 8. W., 396 miles and
branches 60 miles (Louisville Dlv.) taken over In July. 1897. the Ohio
Valley RR.. 139 miles. Aug.. 1897; the Chicago A Texas, 82 miles, in
October, 1897.
The
Central earnings have never included the
Yazoo A Mississippi Valley Ry. (tho.se being
on July 1,1898. the 14o miles which had
Illinois
results on 807 miles of the
reported separately) .and
been Included were surrendered. rediK'ing the mileasfe Included in
the earnings of the Illinois Central to 3,668 miles. See V. 67, p. 581.
History, Leases, Ac— Chartered in December. 850. The company
pays to the State of Illinois 7 per cent (in 1896. $ 1,051,358) of grosa
of the 706 miles owned in fee yearly in lieu of taxes. The Chicago St. L.
A N. O. is Ieasedfor400year8"from July 1.1882, at 4 per cent per an uum
on Its $10,000,000 stock deposited to secure the leased line stock.
In 1892 practically all the stock and bonds of the Louisv. New Orleans
* Texas were acquired, and the company merged in the Yazoo A
Mississippi Valley. A lease of the St. Louis Alton A Terre Haut«i system was tJiken in April. 1896. V. 62, p. 636. 684. In May. 1897. the
1
A Southwestern and allied linos were merged in
Louis & Now Orleans, forming the Louisville Division.
Capital Stock. — The Iratcd line stock is secured by deposit of
$10,000,000 Chicago St. LmiIs & New Orleans stock, and in case of
default for sixty days in the piyment of any semi annual divideiul of 2
per cent, the stock'iolde^r Is entit'ed to his share of the stock pledged.
Authorized capital stock increased from $50,000,000 to $60,000,000
In November. 1895; $52,500,000 listed to April. 1899. V. 66, p. 1010
Dividends. ) 1885. '86. '87. '88. '89. '90. '91 to Sep. '99, Inol.
5 p. 0. yearly.
7 5><j
6
Common stock, s 8 p.c. 7'>j
7
Bonds.— Main Line $15,000,000 mortgage of 1874 covers property
described In V. 63. p. 7(!. Cairo Itridge bonds are secMired by de)>oslt
of a like amount of -'hicaito St. Louis iV New Orleans 1st M.Cairo lirtdgs
5h.
The rental for the bridge is $180,000 in gold antinally,of which
$30,000 goes to a contingent and sinking fund till 1902. then $20,000
to regular sinking fund. Hee adv. In Ciironici.k, May 7, 1892.
The trust bondH of 1886 are secured by deposit of $5,2(i(>,000 Chicago
Chesapeake Ohio
the Chicago
St.
I
N. (). consols of '81. and are to be Included In any new mortg
collateral trust bonds of 1952 are secured by i)led«e with the V. 8
Trust Co. of .New York of $16,350,000 5 per cent Ist mortgage gold
bonds of subsldliiry railroads coverinir 854 miles. See list, V. 55, p. 550.
The $25,000.000" r«»a'»Tnnrmi/ ttonds o^ 195.'{ were Issiitxl on iiltxlge
of the scciirltleH of tlif Louisv. N. O. A Texas (now Ya/.oo A MIhhIssIppI
8t. L.
A
The
Valley KK.) purchased In \-<'.Vl. Trumee of dcefl. 11. S. TriiHt Cunipany. All the $U!,9O0,o0o L. N. O. & T. 1st mortgugo bonds, except
$68;000. all the $9. 1 04, oo(> mortgage incomes and all but $96,000 of
U^YESTOKS'
SUPPLEMENT.
fVor. LXIX.
July,
RAILROAD STOCKS AND BONDS.
1899.]
71
Sabacrlberti wrlll confer a great I'avor by Klvlne
RAILROADS.
Immediate notice of any error diacovered in tlieae Tables.
£o)i(to"PrlnolINTERKST OK DIVIDENDB.
Date Size, or
PBl,WhrnDue.
Amount
Miles
For explanation of column
of
Par
Bonds Value
lieadin^s, &o., see notes
of
on tirst pa>;e of tal)le8.
Road.
Outstanding Rate Per
Cent.
Central— f Concluded )—
Western lines, 1st M.. g., (Dulmqne we8t'y.).c*Ar 218 1894 $1,000 $5,425,000
St. L. Div. & Term'l M., $10,000,000 l»...xo"Ar
Ac. b(- .058.000
S 1 SOI 500
lux !239
Do $5,000,(KH) {See V. 65. p. 1173)
1.000
4,9:»1,925
M897
Louisv. Dlv. A- Term. M.. $25,000,000. p. U«.xo\fer *535 1»97 500 Ac. c2l,3H8,000
567 1877
ClilcajfO St. Louis A New Orleans, 2(1 mortuage..
80.0.
< J'onsol. M. ($18,000,000), gold, Int. guar.o'Ar
567 1881
1,000 all, 289,000
pilar, p. A 1
567 1897
? Do
1,000
1,359.000
100 1889
Menipliis Div. 1st M., gold, guar. p. .tl. (end.).o*
1,000
3,500.000
100
St. Louis Alton & T. H.— Stock (not held by Illin ois Ce ntral).
80.100
17 1883
Bellev.A Carondelet. let M.,Belle.to E.C.gold.c'
1,000
470.000
51 1880
BeUev. & El Dor., let M. (I.C.owns $100,000)0*
1,000
88,000
o*
30 1886
St. Louis Southern., let mort., gold
1,000
538,000
Carbondale A Sha^xTieetown Ist M., gold .c*
17 1887
1,000
241.000
Indiana Decatur it West.— Isl M.. g., red. at 110. c* 230 1895
1,000
2.757.000
Car trusts
1898
409.000
When Where
Puyalile,
and by
Payal)lo
Whom.
A
A
A
A
A
Now York, 214 B'dway.
A7«fA-.v— Last
Dividends.
tllinois
:
"i66
/oirn— Stock, $6.000,000
Ist mortgage, $3.000,000,gold. red. at 110. ro.o*
indianapolis Cu.— Istm., g., s. f. not suhj.to call.c*
Iiuiianapolisct rwicen/iM— Ist M.,guar. p.*!. (end.)c
2d M., guar.p. & 1. Pa. RR. Co.(end.) V.68,p.l077.o
Iridiana Illinois
<t
152
93
133
133
1898
1886
1867
1870
1,000
1,000
1.000
1,000
4
;
—
V. 69, p. 130.
The Canton Aberdeen
& Nashville was
incorporated in Sept.. 1898,
as an extension irom West Point. Miss., to coal lands near Winfleld.
Ala., on the Kansas City Mem. A Gulf, 65 miles, all under conscruction,
-V. 67. p 320, 578.
Earninos.-H
mos.,5 1898-9
Gross, $25,785,895; net, $7,91 5,5.'>2
July 1 to May 31. ) 1897-8... Gross, 25,180.236; net, 8.065.609
Mileage operated 3,668 io 1898, against 3,808 in 1897; see explanation under "road" above.
Annoal Report —Fiscal year ends June 30. Annual meeting is held
at Chicago the third Wednesday in September. Report for 1897-98 "^as
published at length In V. 67, p. .575, 580. See also editorial, p. 558.
The following does not include Yazoo A Mississippi Valley— which see
below, but does include the St. L. Alton A T H. since Oct. 1, 1895
Tear ejulmg June 30—
1898.
1896.
1897.
Miles operated
3,808
3.130
3,127
Passenger earnings
$5,103,812
$4,214,461
$4,394,771
Freight earnings
18,918,729
15,162,019
15,028,104
Mall, express A miscellaneous
3,295,279
2,579,967
2.734,458
:
Total earnings
$27,317,820
Operating expenses
$18,655,470
P. ot. op. expen. to gross earns
(6829)
$22,110,938
$15,735,884
(7116)
$22,002,842
$14,962,276
(6800)
$8.662.3.50
$6,375,054
2,177,064
59,305
2,110,7.56
$7,040,566
1,832,678
85,786
Total receipts
$10,898,719
Interest on 111. Central bonds.. $2,993,.545
Int.onChlc.St. L. AN. O. bonds. 2,1.39,660
Rental Dub. A Sioux City RR..
793,453
Net rental St. L. A. A T. H
633,406
$8,539,250
$3,189,972
1,648,905
531,193
340.627
2,825.000
50,000
Weteamlngs
Net receipts from Interest, Ao.
MlsceUaneous
2,625.000
*947,452
Balance, surplus
i;$866,203
53,440
$153,553
$8.959,0.30
$2,932,808
1.H49.221
9.'S().4<i3
SHo.Hll
2,562, .500
50,000
$523,227
•Includes $501 ,452 additions to insurance fund and $390,000 fund
for air brakes and couplers from July 1. 1898. to Deo. 31, 1890.
H Includes $P29,000 betterments, iigalnsl $150,000 In 1890-7.
Yazoo A Mississippi Valley —Results on 807 miles
Tear
Orntt.
>et.
Other inc. Ititerml. etc. linl. sur.
1897-98. ...f4,'575, 648 $1,569,028
$2ofl
$785,203
$7«4.031
1,2P0,897
189697.... 3.936.513
67
690,523
570.441
V.67, p. 575,578, 580,956; V. 68, p. 331, 618, 824; V. 69, p. 130.
—
.1.
A.
do
do
do
do
do
do
do
do
do
do
do
do
J.
J.
J.
,
3,597.800
2.500,000
5
954,000
1,700,000
1.400.000
g.
A.
4>ag.
M.
7
6
F.
M.
A
&
&
&
Aug.
July
July
July
Dec.
1951
1951
1951
1953
1907
June 15, 1951
Juno 15,1951
Dec. 1, 1951
July,'99, l»e%
June 1, 1928
July 1, 1910
Sept. 1, 1931
Mch. 1, 1933
Jan. 1, 1935
Monthly.
1,
1,
1,
1,
1,
b. N.Y.,Confl Trust Co.
Oct." iV "1948
N. Plilla., Fidelity Trust.
A. N. Y.,Farm. L.&Tr.Co.
N.
do
do
May
b On June
bonds of 1886.
May
Feb.
1,
1,
1,
1926
1908
1900
30, 1898, $6,321,000
Indiana Decatur Ac Weattern Ry.— Indianapolis Ind., to Decatur. 111., 152 miles. The Danville A Ohio River HR.. Sidell to West
Liberty. 78 miles. WHS acquired in 1899 and is operated as the Ohio
River division; trackage. West Liberty to 01ney,8 miles; total, 238
miles. V. 68. p. 523.
Successor in 1894 of Indianapolis Decatur A Western, foreclosed.—
V. 61, p. 1064; V 64, p. 41, 953; V. 65, p. 27
STOCK AND Bonds.— In December, 1895, $912,000 common and $912,000 preferred had been Issued, all of which had been sold to Cln. Sam.
A Day. interests. V. 61, p. 1064. Bills payable April. 1898, none.
The first mortgage of 1895 Is authorized at $12,000 per mile for
additional road built or acquired; the bonds are redeemable by lot at
110, at anytime on eight weeks notice; mortgage trustee. Central
Trust Co., N. Y., and Augustus L. Mason of Indiana.
Dividends.—In 1897 and 1898, 3 per cent was paid on preferred.
Earnings.- 6 months, < 1898
Gross, $264,226: net. $92,459
July 1 to Dec. 31.
^1897
Gross, 265,357; net, 75,176
Annual Report.— Report for 1897-98 was In V. 67, p. 839.
Bal^«'^TuZ?o'- <^'-oss.
ance.
''^re/."
Xen.
$3f'3.282 $128,419 $91,200 $2-,360 $9,w59
1897-98. ...$481,701
1896-97.... 455.695
91.200
27,360
451
336.684
119.011
Pres't, M. D. Woodford; Vloe-Pres., Hy. F. Shoemaker. (V. 68, p. 524.)
Indiana Illlnola &. Iowa
Owns from Streator Junction,
ni., to South Bend, Ind., 152 miles; trackage (Kan. A Sen. RR.) Kankakee to Seneca, 111., 38 miles; total of all, 190 miles. In July, 1899, an
extension from Streator to the Mississippi River at East Clinton was
proposed. V. 69. p. 27.
Stock.— In June. 1899, the stockholders authorized the increase of
the .stock from $4,000,000 to $6,0.0.000.
Bonds.- Of the new $3,000,000 5s $500,000 are to be held in the
treasury for new construction at not over $16,0'>0 per mile. Bondholders to elect two directors annually. V; 67, p. 578. 634.
Gross, $817,578; net, $325,905
Earnings.— 11 mos., 51898-9
Gross, 756,641; net, 245.570
July 1 to May 31.
(1897-8
Earnings.- Report for vear ending June 30, '98, was In V. 67. p. 949'
showing: gross, $820,384; net, $2t'3.892; Interest, taxes. rentals>
$123,292; imp'ts. equip't. etc.. $39,644; balance, surplus for yeari
$100,956. In 1896-7, gross, $738,289; net, $195,077.— (V. 67, p. 949!
V. 68, p. 1133; V. 69. p. 27.)
,
^"-^^
RK.—
Indiana
&.
Lake lUlcIilgan.— See
& 80.
Joseph South Bend
St.
Indianapolis ITnlon Ry.—Owns 3
miles of track, -93 of a mile
of road, with terminals at iDdlanapolls, Ind.. and leases for 999 years
the Belt RR. of Indianapolis- 1212 miles (which see).
Formed in 1850 and furnishes terminal facilities to the several
railroads entering Indianapolis. Capitai^— The Cleveland Cincinnati
Chicago A St. Louis, the Pittsburg Cincinnati Chicago & St. Louis and
the Terre Haute A Indianapolis are virtual proprietors, they having Invested In It $859,175 to June 30, 1898. No stock outstanding. Bonds.
—Trustee of mortgage is the Fidelity Ins. Trust A Safe Deposit Co. of
Philadelphia. Bonds for $46,000 have been canceled by sinking fund.
For year ending June 30, 1898, gross, $539,393 net, $159,760; other
balance, surplus, $76,987. In
Income, $9,749
charges, $92,522
1895-6, gross, $606,520; net, $310,512; other income, $13,672.
Owns from Indianapolis, Ind.
Vlnrennes
Indianapolis
to Vincennes. 117 mUes; branches, Bushrod to Dugger, etc., 16 miles.
SKCDRITIES.-Stock, $1,402,000; par, $50; of which Pennsylvania
Company on Jan. 1, 1899, owned $1,401,900.
lialatire,
Interest, etc.
T'rena.Decji: Qros*.
Net.
;
;
;
&
RR.—
def. $101,991
$209,321
$107,330
$535,543
def.
209,397
124,994
489.304
84,403
International & f»reat Northern HR.—Operates from Long
view on Texas & Pacltlc (near Shreveport, La.,) southwesterly to
Ilouston & Galveston, also to Laredo, Tex., on Mexican National RR.
Mites.
Lines owned —
Miles. Lines Operated —
Galveston. Houston A Hen.
LongNiew, Tex., to Laredo,
.50
(tolntlv with M. K. AT)
496
Tex
26
150 Other lines
Palestine to Houston, Tex
MIneola, Columbia, etc.,
823
101
Total svstem
branches
Organization.— Reorganized without foreclosure In 1892 under nlai
m V. .54, p. 203, 366. Stock authorized Is $25,000,000; outstanding.
1898
1897
\
Dividends on IU. Central stock
Miscellaneous
—
F.
do
3 g. .1.
do
3^ g. J.
do
6
D.
J.
do
5 g. IJyADy!
do
3i-2g. Jtj&Urs
do
4 g. J. A D.
do
2»4
J. & J.
do
6g. J. & D.
do
7
do
J. & J.
4 g. M. & 8.
do
do
4 g. M. A S.
5 g. .1. & J. N. Y. Central Trust Co.
New York.
a In addition $5,266,000 consol. 58 are pledi ed to secure Illinois Central collateral trust
rere outstandlug and $1,737,000 in Illinois Central treasury.
c On June 30, 1898, $3,620,000 of these were iu the treasury.
he $10,000,000 land grant Income bonds were owned by the Illinois
Central July 1, 1898, and pledged to secure this loan. See adv. ChronICI.E, June 11, 1892, and V. 54, p. 964
V. 61, p. 112.
The collateral trust borids of iqo4, (United States Trust Co., Trustee,)
and their collateral were described In V. 62, p. 988.
For the Chicago St. Louis d New Orleans the lessee guarantees the
principal and Interest of all the outstanding bonds prior to the 58 of
1831, and by an endorsement on the latter bonds guarantees the
payment of the interest on the same until the principal is paid. Of
these consol. 58 $5,266,000 additional to the amount outstanding above
are pleged as security for the Illinois Central trust bonds of 1886. The
3138 of 1897 are guaranteed, p. <si..by endorsement see form of guaranty in V. 65. p. 1071. Illinois Central owns entire $10,000,000 capital stock of C. St. L. & N. O., which is held in trust for the 111. Central
leased line 4 per cent stock. (V. 65, p. 1071.)
Tie 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 A Sioux City RR.) due in 1917. shall be transferred to
the trustee without encumbrance. Trustee, United States Trust Co.
See SurPLEMENT of Jan., 1899.
The St. Louis Divisional <t Termii\al bonds are for $15,000,000
authorized, of which $5,000,000 are three per cents; $3,500,000
were issuable for improvements, equipment, etc.. and $1,499,000 are
held 10 retire $1,400,000 underlying bonds still outstanding on the St.
Louis Alton AT. H. system; see table on next page. See abslraot of
mortgage in V. 66, p. 138. See also V. 66, p. 133. For year 1897-9H
Division earned: Gross, $1,454,563; net, $548,138; paid
fit. Louis
rentals and interest. $502,398; bal., surplus, $45,740. V. 67. p. 581
Louisville Division tt Terminal mort. is for $25,000,000. Of the loan
^3.448,000 were issued July 1, 1899. to retire the $3,lOl,000 coll.
trust two-ten bonds; $1,112,000 are reserved to purchase the 46
mllea (Cecilia branch) from L. &. N. and to retire the L. & N. bonds
thereon; $2,500,000 for new acquisitions, additions or extensions.
The Chicago St. Louis A New Orleans, which took title to the Louisville
Division, loins in making the mortgage securing the loan. See V. 66, p.
136. for abstract. See aUo SUPP. of Jan., 1899. (V. 65, p. 367, 516;
V.66. p. 133: V. 67 p. 581.)
General Finances.— Capital stock for $2,500,000 (of the $10,000,000 authorized in December, 1895), was sold at par early in 1896.
The Fort Dodge A Omaha RR., incorporated in Sept., 1898, with a
capital stock of $5,000,000. was building in 1899 an extension for the
Illinois Central from Fort Dodge. la., to Omaha, Neb., via Council
BlulTs, about 125 miles, to be completed by Dec, 1899. V. 67, p. 956;
g.
3>og.
:
|
$9,755,000: par. $100; controlled In Interest of Missouri Pacltlc.
Owns 4,999 shares of G. H. A H. stock. See V. 61. p. 101 3. 1064.
Bonds.— The second morlgm/e Interest, scaled to4>fl percent, until and
but In case of default the
Including S(ii>t. 1, 1897, Is now 5 per cent
rate reverts to 6 per cent as fonncrly.
The third mortgage 4 prr rmt bonds for $3,000,000, which were
Incomes until Sept. 1, 1897, now draw Interest at 4 p. c. per annum.
V. 50. p. 82. On June 30, 1S97. loans and bills payable. $3 75,0<)()
;
EAHNiNOH.-Jan.
1
to July 14, gross, $l,79(i,0(iO In 189!»; In
1><98,
$1,752,714.
dross.
Year.
1898
lh97
1896
-(V. 63,
$3,905,146
3.6^7,336
3.528,177
p.
647;
Net.
$981,829
8:<0.696
V. 60, p. 471.)
Charges.
^
$6,215 $1.023.1.53
Other
llalanct.
inc.
7,350
929,223
.
,^
def.$35.100
def.
91.177
SUPFLExMENT.
INVESTORS'
7«
(Vol.
LX
X.
SubscrlberH will confer a great favor by el^lns Immediate notice of any error discovered In these Tablem
bonds—fTinoipal.When Due.
Stocks— Last
INTEREST OR DIVIDENDS.
RAII.ROADH.
Miles Date Size, or
Amount Rate per When
Par
of
of
Outstanding
Por exiilanatlou of oohimn beadiugs, itec, see notes
Cent.
Payable
Whom.
Road. Bonds Value.
on first i>aKe of tables.
iHtemational <e Great Northern— l»t mort., gold. ..^
o*
2d mortKage, gold
o"
Sd m. (f3,UO0,000) (formerly Incomes), g
Colorado Bridge bonds, siukinir fund
Jnteroeeaiiic Ry. of Mexico— Or A. shs £1,700.000.
Preferred stock, 7 per (eiit, ciiiu., X 1,000,000.
Pr. lien deb., subi. to call at par aft. Mcb. 1, '97.
776
776
776
1879 $500&o.
1881 500 Ac.
1892 500 Ac.
1,000
1880
£10
.
10
50 &o.
"•"
p. 0. deb. stock, sub. call, par, £1,1.^0.000.
"A," siibj. to call, 110, non-fum..
stock,
Four
7%
Deb.
Deb. stock. 7"b "B," subj. to c>.ll 150, non-cum..
Iowa Cent— Common stock, $11,000,000 auth
Preferred stock, *7,400,000, .5 p. c, non-cura....
l8t M., for $7,050,000; $15,000 per mile, gold, .c'
Keithsburg Bridge Ist M., g., guar., red. at par.o"
Iron Ku il ira v — Stock
Jaeksoiirille tt St. L uw— Stock Trust Certlfloates.
Jaoksonv. Southeast. Ist M., Jack, to Litchfield..
PPo*
1st consol. mortgage, $(.50,000, «old
Income M, gold, nou-cuumlative, $l,650,00o.PP
JackJtourille Ter. Jiy.— 1st M., $500,000, g., guar.c*
Janiesloirn <t Chan avqiia—lsX M..$250.ti00.« o.C
Jeffermu—lst &2AM»,ext. in •87&'89 (H'daleBr.)c
Ist M. Carbondaleto 8. depot, gold, guar. p. * i .o*
/oliel «e Northern Indiana— \Bt M. gu. p. & i. M. C.e
J'mclion (I'hila<telphia)—l»t m.,guar.p.<fei.(ext'd).
2d mortgage, guaranteed i>rin. (feint
AOnair.rf Mich.— 1st M., $15,000 p.m., g.,gli. p.A i.C"
....
10
10
100
100
....
....
503
1,000
1,000
1888
1885
100
100
20
54
112
112
30
8
37
45
.
3-56
3-56
164
1,000
1880
1896
1896
1894
1898
1867
1889
1877
1882
1865
1890
......
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
Interoceanlc Railway of Mexico, l.lmlied.—Vera Cru«
to
City, Me<., 342 miles; Los Keyes to Puente de Ixtla, 123
miles; Los Arcos to Tlaucualpican, 72 miles; other branches, 18 miles;
total, 555 miles. In Oct., 1898. line of 3'JH miles to connect Morelos
Mexico
and Matamoras branches had been decided upon.
Oroakization.— Chartered April 30, 1888, by the Mexican Government; concessions expire 1982, when t^tate may purcha.se right* upon
certain fixed terms. In 1896 reorganized per plan iu V. ri2. p. 364.
Secdkities.— The4 per cent debenture stock (issue limited to £1,on the entre undertaking, subject only to
the £•! 00,000 prior lien debentures, to retire which £450,00' of the
debenture 4s are reserved. An addit ouat £171,^40 is reserved )or
woi king capital; balance, £528,660, was issiied to replace old securi1.50,000) is a first charge
"A" and "B"
stock, see V. 62, p. 364.
EAR-NfNGS.— Jan. 1 to July 7, 1899 (6I4 months), gross, $1,959,800,
against $1,656,190 in 1898.
Net.
Net in £.
Report.— Year end. June 30: Gross.
£65,.5(iO
(Mex.) 3,033,209 (Mex.)728,031
m98
ties.
As
to rights of
56,365
581,725
2,539,448
1897..
Net revenue account for 1897-98 showed £23,533 available for distribution to holders of 7 p. o. "A" debenture stock, equal to 3 per
cent on that stock, with a balance of £1,471 to carry forward.
Officer*.— Chairman, Walter J. Stride; Sec, G. W. Hoghton; Trnas.
H. Friederichsen. Office. 9 New Broad Street, London, England. -V
63. p. 189, 1113; V. 66, p. 573.)
Ry.—
Operates from Peoria. 111., westerly to Oska
lo^va Central
l«osa, la., thence northerly to Manly Junction, la., and branches, viz.
Miles.
Leases
Owns
Miles
Iowa Juno., 111., to Miss. River. 89 Keithsburg Bridge over Miss.. 2^
Oskaloosa,
la
River
to
..
95
Track,
Miss.
Iowa Junct'n to Peoria. 3^2
Oekaloosa to Manly Junction. .154
165
Branches to Albia, etc
Total of aU
509
—
—
The Iowa Central & Western RR. was incorporated in October. 1898.
in the inferesl of the Iowa Central, tor the i»urpose of future extensions. Under th's charter line was under coustructio'i from Belmond
AUona, 38
miles, to be completed September. 1899, anl new securwere to be issued, to be guaranteed by the Iowa Central.
History.— Reorganization (by plan in V. 44. p. 653) of the Central.
to
ities
Iowa
sold in forecfosure iu 18»7-88.
Capital Stock.— The preferred
is
then
March,
l^a P-
c.
"from net earnings of
last six
months."— V. 68,
p. 282.
Bonds.- MortgajcetrusteeMercantileTnistCo.; a )i*tract V. 49, p. 582.
Earnings— 11 months,) 1898-9
Gross. $1.9:^8.360; net, $557,944
July 1 to May 31.
$1897-8
Gross, l.;21,<)71; net, 560,496
Anndal Report —Fiscal year ends June 30 report for 1897 9*^ was
;
In V. 67, p. 78". Soft coal tonnage in year 1x97-98 was 670,950 (51
c. of total tonnage)
1S96-97 was 611,796 tons; in 1895-96 was
E.84,003 tons, n^ing ftif* p. c.; ton-mile rate in 1897-98 was 094 cents,
against 088 cents iu 1896-97 train load 1896-97, 173 tons.
Tear ending June 30.
iSaS
1897.
1896.
1895.
Av'ge miles of road oper.
509
509
499
498
;
;
aross earnings
$1,808,349 $1,.5<>4,205 $1,839,708 $1,569,221
Ket earnings (overtaxes)
531.541
400.561
617,385
458,434
Tot. netrec'tsdnol.rentsi
543,318
408,348
631,721
473,185
Interest, rentals, &o
375.892
374,792
373,163
378,347
Improvements
61,948
30,054
80,238
24,875
Balance, surplus
$105,478
«3..502
$178,320
President (Sept., 1897), H. J. Morse. (V. 68. p. 282.)
Iron RHilivay.— Owns
and tranches. 7
debt.
Bills
mile.s.
payable, Junit
$69,964
road. Ironton. O., to Centre. O.. 13 mile's
uiviileiid in 1891,
per cent. No funded
m
$30,200. In year eudii g June 30
1899, irro>.s*43,:{14; net, $18,520. In 1896-7, gross, ->
$37,835: net
$11,389.
:^0. l>!97,
r
JackHonville
A
&
St.
f
t
LodIh Ry.—Owns Jacksonville to Oentralla,
ni., 112 miles.
reorganization July 1, 1896, of the Jacksonville Louisville
St. Louis KK., foieclo.sed June 10, 1896.
Voting trustees
Kfjbt. F. Kennedy and J. H. Dunn, etc., see V. 63, p. 30.
The
&
first consol. bond.-*
may be
increa,sed to $650,000,
but only to take
For the year 1897-98
gross, .$216,866; net, $51,732; charges, $56.022.— V. 63,p. 30, 880.
JackHonvllle A. Koulli wemteru
—V. 69, p. SO.
up the Jacksonville Southeastern bonds.
'
RR
JaokHonvllle
Tampa dc Key We»t Ry.— Iho
main
line,
Jack-
sonville to gantord and branch. 130 miles, was purchased at foreclosure sale on April 4. 1899, by tlie flaur (nvestineut Co.. owners of Savannah Florida & Wehturn and other lines, giving the Plant system
a
through line from Tampa to Charleston via Juck.sonvllle. and has been
merged in the Savanna Florida ,v Western Ry. The Ailantio Coast
St. Johns & Indian River Division was sold separately at the .«aine
time, and Ik now ojierated by the Florida East Coast Hv.
Co.— V 68 Pn
"
°.
331,3tO, 470,524,572, 618, 672. 927.
•
M.
M.
M.
M.
&
&
&.
&
J."
&"j.
M&S
N. N.Y.,ofHce, 195 B'way.
S. N. Y., office, 195 B'way.
S.
N. N.Y.,
See remarks.
office, 195 B'way,
&
&
&
&
J. &
J. &
M. &
J. &
A. &
J. &
J. &
A. &
A. &
J.
A.
See text.
J.
0. Phila.,Penn.Co.for Ins.
J.
J. N.Y.,
N.
Guar'ty Trust Co
New York.
J.
Phlla., Fidelity Tr. Co.
N.Y., Erie
0.
RR.
&
Tr. Co
J. N. Y., Farm. L.
J. Phlla., Broad St. Sta.
0.
0.
do
1,
Sept.
Sept.
1,
1,
May
1,
1919
1909
1921
1920
Sept. 15,1 950
Sept. 15. 1950
N. Y. office, 20 Broad St.
D. N. Y., Mercantile Tr. Co
D. N. Y., Central Trust Co.
J.
Boston.
yearly.
J.'
Nov.
Mch. 31,1912
Sept. 15,1950
London,
do
15
do
N. Y., Central Tr. Co.
Mar.1,'99,1'4
June
June
1,
1,
July 10,
1938
1926
1891
1910
1925
Jan.
193S
July
1939
Nov. 15, 1998
July 1, 1^27
Jan. 1, 1909
July 10, 1907
July 1, 1907
Apr. 1. 1900
Apr. 1, 1990
July
Oct.
1,
1,
1,
1.
Jacksonville Terminal Ry.— Owns union
freight and passen1895,] and terminal properties at
acksonville, Fla., including 20 miles of track, used by Savannah
Florida & Western, Florida Central & Peninsular and Jacksonville St.
Augustine
Indian River (now Florida East Coast Ry.), which companies guarantee by endorsement the principal and interest of above
bonds trustee. Metropolitan Trust Co., N. Y. Property is also used by
Jacksonville Tampa &. Key West. For year 1897-8, gross, $62,773; net,
$4,971: other income. $30,284; total deductions. $35,249.
Ser depots [the latter opened Feb.
1,
&
;
&
Jameston^u
Oliautanqna Ry.— Jamestown, N. Y.,toChau'auqua. 26*2 miles; branch to Falconer, 3^2 miles; total. 30 miles.
Reorganization in 1898 of Jamestown & Lake Erie sold Nov. 1, 1898,
V 67. p. 95«; V. 68. p. 130. Stock, common, $350,000 5 per cent
—
non-cumulative preferred, $125,000
Year ending June 30, 1898
gross, $47,618; del, under oper, $4,341; charges, $20,141; deficit,
$24,482. President. W. A. C. McEwen; Secretary. McK. D. McKee;
Treasurer. Richard 8. Storrs, 40 Wall Street, New York.— V. 67, p. 371,
956; V. 68, p. 130.
RR.—Owns
Lanesboro, Pa., to Carbondale, Pa., 37
branch, Hawley, Pa., to Honesdale, Pa., 8
mUes. Leased in perpetuity to the Erie RR. Co. for $140,000 per
annum for main Une and $14,940 for branch. Used by Delaware & Hudsou to reach Carbondale. Stock, $2,096,050; all owned by Erie RR.
JeflTerson
mUes double track;
Jollet
Sc
Northern Indiana
RR.—Owns
Joliet.
111.,
to
Lake
45 miles. Operated as part of the Michigan Central system. Road opened in 1854 and leased to the Michigan Central. Stock
($300,000, par $100) carries dividends of 8 per cent per annum.
Station, Ind.,
RR.
(Pliiladelplila).—Owns Belmont. Pa., to Gray's
Junction
Ferry, Pa., about 4 miles. It connects the Pennsylvania, the Philadelphia <fe Reading and the Philadelphia Wilmington & Baltimore railroads,
coming into Philadelphia, which three companies jointly guarantee
principal and interest of bonds. Leased fur 99 years from Feb., 1899,
to Phila. Wilm. & Bait.; lessee to pay fixed charges, keep road in reStock $250,000;
pair and pay bond interest and 6 percent on sto -k.
(par $50), reported to be now all held bj Phil. Wilm. & Bait, and the
Penn., the Phil. & Read, having sold all its iipterest to the Penn. V.
68, p. 428. Dividends— iu 1891 40 p. c, in 1892 35 p. c. in 1893 30
p. c; in 1894, 15 p. c; in 1895, none; in 1896, 15 p. c; 1897, 10 p. c.;
V. 68, p. 428.
—
entitled to 5 per cent (non-cumu-
common to 5. then both share pro rata.— (V. 62, p. 548.)
Dividends.—On preferred stock in 1892 paid 1 per cent; in 1899,
lative),
$7,954,000
6g.
7,051,000
5 g.
2.723,500
4g.
198,000
7
£1,700,000
1,000,000
"5"
400,000
599,886
4
735,392 3 in '98.
469.459
8,4H8,800
5,671,6-0
"'5"g.
6,572.000
591,000
6g.
600,000
1,500,000
300,000
6
350,000
5 g.
1,582,000
4
500,000
5 g.
250,000
5g.
4I2&
300,000
6
2,800,000
5g800,000
7
425,000
4Jfl
300.000
6
2,469,000
4 g.
Dividend.
&. ITIiclilgan Ry.— ^iSee Map Toledo <£ Ohio Central.)—
(Joming, 0.,to Gauley on the Ches. & Ohio, 172 miles, less 17
Kanaivha
Owns
miles,
H. V.
Pomeroy
to Gallipolis,
and
1 mile,
Athens
to Armitage,
where
C.
& T. tracks are used. Also owns branch of 11 miles leased to
Toledo & Ohio Central and Col. Shawnee & Hocking Ry. companies.
History, Etc.—Reorganization in April, 1890, of the Kanawha &
Ohio Railway sold in foreclosure. (V. 50, p. 451, 483.) In Oct., 1890,
a large interest in the stock was aoq^uired by the Toledo & Ohio Central,
which has guaranteed the bonds, principal and Interest. (See V. 52, p.
16."". 351.)
Capital stock $10,000,000 ($1,000,000 in treasury June,
1898). The first mortgage bonds are limited only to $15,000 per mile
of road constructed. June 30, 1897, loans and bills payable, $137,226
Latest Earnings— 11 mos., ) 1898-9. Gross, $580,555; net, $160,439
897-8. Gross. 512,077; net. 141,268
July 1 to May 31.
Surplus over 11 mois' charges, $37,528 in '98-9, a.gst. $13,973in'9.-8.
Annual Statement.— Fiscal year ends Juno 30. In year 1897-98,
.
H
gross, $558,343; net, $152,443; int., taxes, etc., $138,149; balance,
surplus, $14,294. In 1896-97, gross, $170,488; net, $119.335.- (V. 65,
p.
1021.
Kansas City Belt Ry.— From Argentine to Valley of Blue River, 10
Stock authorized $2,500,000
(par,
mUes.
outstanding
$100);
owned one-half by Atchison Topeka
$100,000 (par, $100);
& Santa Fe and three-tenths by Kansas City Fort Scott & Memphis and two-tenths by Chicago Milwaukee <fe St. Paul. Double-tracked
and used for a leruiinal 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 case of 3 p. 0. per annum of
cost of property used with equal proportion of cost of conducting
tiansportation and maintenance according to wheelage. The mortgage is for $2,500,000. Earnings.— For year ending June 30, 1898,
gross, .$247,996; net, $158,67.5: interest, taxes, etc., $137,265; baL,
Pres't, E. S. Washburn, Kansas City, Mo.
sur., $21,410.
Kansas City Clinton & SprlnsHeld Ry.— Owns
from Cedar
Junction, Kan., to Ash Grove, Mo., 164 miles, and branch to Pleasant
Hill, Mo., 10 miles; total, 174 miles, but only 163 miles operated.
Stocks, Etc.— Stock issued, $1,775,400 (par JlOO), one-half owned
by Kansas City Fort Scott & Memphis RR., which guarantees the
bonds; due that company July 1, 1896, $423,000.
ANNUAL Report.— Fiscal vear ends June 30. In 1897-8, gross,
$339,417; net, $118,122; other income, *356; interest, $163,660;
balance, deficit for year, $45,182. In 1896-97, gross, $330,045; net,
In 1395-96, gross, $403,915; net, $185,077.— (V. 61, p.
$104,683.
lOlO)
JCLY,
KAILKOAD STOCKS
isity.j
Sabacrlbers
\tri\l
BOND&.
AJSIJJ
confer a sreat favor by elvlns immediate iiotire of any error diarovered In theae Tables.
RAILROADS.
INTKKK8T OR UIVriJKNDB.
Miles Date Size, or
of
of
Par
For explanation of column headlnf^s, &o., see notes
Roail. Bonds Value. uutstanaiug
on tlrst im^re of tables.
Kansas City Bell-lnt
Katisa.i fill, VliiUon
Pleasant HtU
^t
(i!53-l.OO0
J: t>i>r(itg.
De Soto
K.C.F.8.&M.).c"
ifu.
M.,
--li^t
i;.,
1st mortnaire,
—
iruar. .o*
10
174
gold
$1,000
lrtH5
1.000
500
100
100
1879 100 Ac.
1880
1,000
1880
1,000
1884
1,000
160
103
'22
50
26
708
1882
1,000
1888
1,000
1887
1,000
1889
1,000
1889
1,000
1894 SOO &0.
1894 500 &o.
1888
1,000
1890
1,000
81
o*
Birmingham equipment M.,g.,gu. (red. at 110)..
o*
Memphis Kquipmeut Co., guar., red. at 110
Vonnrclimj HR. —
1st mort.. gold, $20,000 per mile, $.S,000,0'^0 o*
2d mort tnco.iie, gold, non-cuni., tl, '250,000
Kan. City Sorttwrstrrn Mort., gold. See text c*
K. G.it Om.— 1st M. ($15,000 p. m.) g.. int. ga.c*Ar
Kansas Cili/ Osiceola it *"()it//>er»i— 1st mortgage...
<t
1S86
1877
Stock
Ft. Scolt tt ilemp/iis
Preferred stock contracts, 8 per cent
c*
K. C. F. 8. \- (J. 1st M., I'd. cn.s. f.. dr'n at 110.
Ft. Scott Socastern A M.. 1st M..ilr"wn at 105.0*
o*
Short Creek A- Joidin 1st .M., druwu at 105
c*
Memphis K. iV Col. 1st M. (see text)
-*
1st
uiorttrajre
KH.
Missouri
Kansas &
Consol. mortgage ($2.'S.(H>() per ui.) not dr'n. N Be*
Current Kiv. RR. l.^t mort.. fiO.OOO p. m., guar.
Kan. C.& M. R'y&H'dve lst.M.i{..s.f.,dr'uatll0.o*
Kansas Equip. Co. 1st M. tfuar.. s. f., red. at 110.
Kan. O. Memph.d iJir.— (ien.M...$4,500,000, cur. o*
o*
Income, nou-cuniulatlve. $7,000,000, cur
Kansas Vitu
Kansa.< City
81
81
Text.
1,000
Text I 1,000
1894 500 iVc.
1887 500 .Vo,
1892
1,000
194
147
Kansas City <t faci/fc— ."KE Missouri Kansas <v Tk XAS.
Kan. O. Pills, dk Gi«//.— Ueceiver.s' itfs., $800,000..
1st mortgage, gold
Equipment notes aud lease warrants
248
K.O. St. Jo.d Voun.IU.—Con.M. (Nos. 1 to 500pf.)o*
62
1st Ms. Nod. and Tark. Val. RRs. s. f. (dr.at 100) .0*
1899
1893
1,000
1877 ido'&'o,
1880
1,000
1893
Fund Ing notes
KanaattClty Fort Scott &JTIeniplil8RK.— Owns main line from
City, Mo., to Memphis, Tenn., 485 miles, with branches, 236
miles; total owned, 721 miles. Controls the Current River RR. (Willow
Springs, Mo., to Grandin, 82 m.), owning .$942,000 of it8$ 1,606,000 stock.
Owns one-half capital stock ot K. C. Clinton Springfield and of K. C.
Memphis & Birmingham RR.; also 300 shares Kan. City Belt.
Kansas
&
DiviDKNDS.—
"86,
4%,
8%,
. .
'87,
4>a,
8,
'88, '89,
31^. 3,
8,
8,
BoND.s.— CoQsols are reserved for
General Finances.— On June
and equipment
bills
all
'90,
'91,
3^,
1,
8,
4,
prior
'93.
0,
'92,
0,
8,
5.
<
nono
<
Since
bonds when due.
payable were $25,000
$226,633. In 1897-8. $738,000 consol. 6s were is30, 1898, bills
sued to reimburse the company for K. C. Spriugtield & Memphis 68
(paid in cash May 1, 18«4),to retire $320,000 ten-year notes and
^-SO.OOO demand notes.— V. 67, p. 1304.
Eabnings.— Including K. C. C. & S. aud Cur. River, July 1 to May 31
9al.,surp.
Charges.
Net.
Gross.
1 1 mos.—
$62,848
$1,278,348
$1,341,196
1898 9... $4,374,825
180,203
1,296,007
1,476,210
1897-8.. .. 4.717,71
annoai. Rei-ort.— Report for 1897-8 in V. 67,
1898.
Tear e,7,d. .funeSO.
Oross earnings
Net earnings
$4,595,085
$1,405,748
Interest and miscell.
.
l,-248,004
1897.
$4,137,128
$1,310,557
1.260,223
p. 1304.
1895.
$3,985,635
$1,191,489
1,099,278
1896.
$3,991,694
$1,209,695
1,147,139
$92,211
$50,334
$62,556
$157,744
Balance, surplus....
on Current River RR. and Kansas City Clinton & Bpringfleld RR In 1897-98 was $75,239, not Included above.— V. 67, p. 1304.
Dettoits paid
KaUHait City .nemplils & Birmingham RR.—Owns from
Memphis to Birmingham, Ala., 253 miles, and branches to Aberdeen,
and Bessemer, Ala., 23 miles total, 277 miles.
Stock, Traffic GnARANTT, Etc.— The stock is $5,976,000; par, $100.
The Kansas City Fort Scott &, Memphis owns half the stock and gives a
traf&o guarantee of 10 per cent of gross earnings derived from business
Miss.,
;
and from this road, to be applied to interest. In 1894 the company
WJW reorganized under plan of December, 1893.— (See V. 57, p. 938.)
Bonds.- On income bonds 2 per cent was paid Sept. 1, 1897, and 3
to
1, 1898.— V. 65, p. 367; V. 67. p. 428.
Latest Earnings.— From July 1 to May 31 (11 months)
per cent Sept.
Year.
1897-8
1896-7
:
Balance.
$351,676 $176,597 8ur.$l75,079
$1,321,407
176,954. sur. 181,216
358,170
1,296,104
REPORT.— For year 1897 8 in V. 67, p. 1304.
Interest. Bal., Sur.
Nei.
Other Inc.
Gross.
$198,085 1I$195,672
$31,248
$1,399,168
$362,509
198,085 11142,888
25,790
315,183
1,241,393
11 m(mth.s.
1898-^
1897-8
AHNUAL
Net.
Gross.
Charges.
\ Note.— From surplus 1896-97 paid 2 per cent on incomes in Sept.,
l897,*l'26.745,and2Mj per cent In 1897-98, $158,431, leaving balance,
surplus, of $J7,'241.— V. 65.
KannaM
City
Oc
p.
820;
Northern
V. 67, p. 4'24, 428,
Conncctlns;
1
304.
RR.— Line
from
Kansas City, Mo., 75 miles, completed
to
March, 1898. Loaies trackaire. PlattsburK, Mo., to Kansas City, 40
Extension to (Jower, Mo., 10»a m.. about
ra. to St. .Joseph A (irand I.
completed in April. 1'99. July, 1H99, coupons were paid at N. V.
offlci- ot M. K. A r. Trust Co.. No. 1 Xassau Street.
Pattonsburg,
Uotuls- Principal, When
Due.
Where Payable, and by Stocks— i.a'ii
$2,050,000
3,192,000
58,000
9,898,000
2,750,000
2.197.000
57 ,000
94,000
492.000
390.000
6
I3,<'3(i,000
5
7
1
1,606,000
3,000,000
761,000
3.159,«10
6,318,020
1,000,000
189,000
Whom.
Payable
^,^^^^
J.
J Boston.
iV:
A.
.t
A.
&
7
J.
A
U.
7
ite
H.
7
7
M.
M.
M.
A
H.
5
F.
6
5
M.
5
5
A.
g.
g.
A.
g.
J.
M.
4
g.
1,J0(),000
985,(i80
5
5
5
2.713,000
2,000,000
^ g
M.
6
6
Oct.
Oct..
do
S.
A.
N.
O.
O.
J
S
Sept.
5
July
Koatoii, Mercli. Nat. Bk.
1
F.
& A
g.
e.
J.
&
g.
4
J.
J.
J.
5g.
A.
7
7
J.
J.
J.
ilo
1916
I,
1-2
S
<fe
1,
1925
1907
Boston, Of., 50 State St. Feb. 16, 1891
do
do
Feb. 15, 1893
Best.. Nat. Webster Bk. June 1, 1908
do
do
Sept. 1. 1910
do
do
Sept. 1. 1910
do
do
Sept. 1. 1910
do
do
Aug. 1. 1922
Best., Nat. WebHter Bk. May 1, 1928
Boston, Nat. Union Bk.! Oct. 1. 1927
N.Y.,Un.Tr. Co. A Bost. Oct. 1. 1929
Bost, Nat. Webster Bk. Jan. 1, 1905
Boston, Merch. Nat. Hk. Mch. 1, 1934
2
p.c. pd. Sept. 1,1898 Mch. 1, 1934
Boston, Meicli. Nat. Bk. Mch. 1, 1903
Boston Otllce.
Aug. 1, 1905
()
A
&
&
&
&
&
A
Dividend.
50 State
St.
Of.,
\orllierii
,
OucomnMn
On preferred
73
>fo..
ORfivsiZATios. —This road Is owned by the Kansas City Suburban
RK Co., whose extensive terminals It uses at Kansas City. It
connects the O. K. C. A E. RR. Co. and the O. A St. U RR. Co., which are
to be consolidated in May. 1899, with the K. C. Pitts. A (Julf RR. (;<>..
making a new through route from Omaha and Kansas City to the (Julf
of Mexico.— See V. 62. p. 1177. Stock authorized, $3,000,000; issued,
*2 974,000. Full parti(-ulars reganling bonds were la V. 62, p. 1177.
Belt
President. A. E. Stilwell.— V. 67.
p.
736.
MR.—
Road Kansas City to VirJVortli vventcrn
Neb., 162 miles, of which Seneca to Axtell. 11 miles, and South
Leavenworth to I^eavenwortli, 1 mile, are trackage, and 20 miles,
Bnmmertleld to Virginia, was formerly the Kansas (.'Ity A Beatrice.
Branches, 12 miles. Total, 174 miles. A reorganization of the K. C.
Wyandotte* N. W.,forejloBed Jan. 5, 1894. Stock, .$3,500,000 (par
$100). controlled in Interest of Missouri Paclllo Ry.— V. 59, p. 152.
Bonds —Mortgage for $3,500,000 (.Mercantile Trust Co., N. Y..
trustee) issued in July. 1894. Of the bonds, $900,0(K) are series "A."
'•
preferred" as to principal and InU-rest, and are redeemable after 5
years at 105. Car trusts June 30, 1896, $4.50,681.
E*RNiv<>H -For year ending June 30, 1898 (on 174 miles) gross
«'192 7<»1- net, $104,572; other Income, $4,080; total deductions. $">2,1<)8; balance, surplus, $56,454. In 1896-7, net. $78,464. In 1899, Jan
In 1H09; in 1898, $173,127.
I to June 30 (6 months), gross, $152,087
Kanaaa City
ginia
Kanoait City & Omaha Ry.—Owns Htronburg to Alma, Neb.,
150 miles, and McCool Junction to K. C. A Omaha Junction. 44 miles.
1,768,000
800,000
22,578,000
2,079.365
5.000,000
461,000
390,000
N.Y.,M.'v.ATTr.,l Nas.' Jan.
N. v., wh' II earned.
.Tan.
&'J. N. Y..Merc Trust Co. Jan.
& J. July, '93. coup, last pd. Jan.
J.
1
&
J.
&
&
&
A
0.
1,
1,
1927
1,
1933
1927
192*7
1.
1942
See text.
Apr.
1,
1923
To 1907
Boston, 2d Nat'l Bank, Jan.
J.
do
D.
1907
1920
Jan., 1907
June
do
J.
1,
1,
Reorganization —Reorganization Committee: Anthony .T.Thomas,
Thomas
ser
and
B. Williams, E. Ellery Anderson, B.C. Benedict, IsidorWorraParrish d<*. ository. Central Trust Co., N. Y. The road
S. L.
;
was
sold in foreclosure July 8, 1896. and purchased by the committee
for $150,000. To make the purchase aud for repairs, etc., the bondholders were a'jsessed $100per bond. The K. C. &Omaha Railwrii/ ha^
been orsranized. l>iit complete reori-'anization will be deferred.— V. 64,
p 567. The line was fornierlv in Union Pacific system. As to payment of old bonds, see V. iO, p. 130. On July 25,18!t9. $l,595,.50o 1st
mortgage bonds were sold at auction lo the leorganization committee.
EvKNiNO-i. -Since Nov. 1, I8!)ti. oncrated independently by St. J. A
Island under operating agreement.
Jan. 1 to July 14 (6L9 months), gross. $r2'2,719 in 1899; in 1898,
«131,001. For year ending June 30, 1898. gross. $274,918; net, $97.438; total deductions. *132.478;lialance, deticit. $35,o40. In 1896-97,
gross, $196,026; net, $57,590. (V. 6 4, p. 567; V. 69, p. 130.)
(Jr.
&
Southern Ry.— Owns Knoche JuncK>in«a!!i City Osceola
tion to Osceola, Mo., 108 miles; trackage, Kansas City Suburban Belt,
Extension
Osceola to Bolivar. Mo., 39
4 miles into Kansas City.
m., completed in October, 1898; total, 151 miles. Operated as a jiart
of the St. Louis & San Francisco system from about Kept., 1898, under a
25-year traffic agreement. Stock, $2,000,000; par $100.— V. 67, p. 372.
Kanittas
City
Pittsburg
&
Oulf
RR.— Owns
from Orand-
view, 23 miles south (if Kansas City, to Port Arthur, 764 miles;
De QuiU'-y to Lake Charles, Li 18 m.; total. 782 m.; trackage Grandview to Kansas City, 24 miles over K. C. Osceola A Southern and K. C.
Suburban Belt; total. 806 miles. Line completed to Port Arthur In
Sept., 1897, when 785 miles were in operation. Port Arthur is on Sabine Lake, 7 miles from deep water channel, to which a ship canal was
completed in April. 1899. by the Port Arthur Cliannel A Dock Co.. and
is to he deepened to 25 feet its entire length by July 1, 1899.— V. 65,
p. 1072; V. 68, p. 618.
History.—See application for listing in V. 65, p. 473 and 824.
Reckiveks.— On April 27, 1899, Webster Withers, of Kansas City,
and S. W. Fordvce, of St Louis, were appointed receivers in place of
those appointed March 31. 18i'9. V. 68, p. 824. On April 6, 1899. the
State Trust Co. of New York, one of the trustees under the tlrst mortgage, tiled suit to foreclose the mortgage. V. 68, p. 672.
In June. '99. the receivers were authorized to issue $800,000 certificates to rank ahead of the flr.^t mortitage to provide for new eiiuipmeut,
preferred claims and necessary repairs. It beiuK estimated that
$3,711,000 was required to put the road and equipment in proper
condition.— V. 69, p. 26.
Reorganization Com.mitter.— Ernst Thalmaun, Chairman; Louis
Fitzgerald, J. Lowber Welsh, Wm. L. Bull, E. fl. Ilarriman. Geo. Coppell
and W. E. (Jlyn, representing the stocks and bonds or K C. P. A G. KR.,
K. C. Sub. Belt RK., K. <\ Shrevcport & tiulf Term. (^o. and Port
Arthur Channel A Dock Co will is.sue a plan for the readjustment of
the affairs of the companies by consolidation and otherwise. Mercantile Trust Co., depositary. -(V. 68, p. 187, 524, 618, 723, 772, 1024.)
The April, 1899. inerest was advanced to depositing bondholders
by the reorganization committee. V. 68, p. 618.
A new committee, Willia u F. Harrity, care Equitable Trust (^o.,
Philadelphia, Chairman, reciuests security holders to refr.iin from
depositing their securities until a proper plan has been formulated
by '• ourselves or by co-operation."- V. 68, p. 772. 1024.
stock. -Stock authorized, $'23,000,000, $2.5,000 permlle; par$100.
Bonds.— First mortgage (see abMtract In V. 64. p. I 044) gold bonds
at .$25,000 per mile of main track ami $15,000 per mile additional for
second track were authorized in April, 1893, interest on which until
April, 1897, was payable only If earned. Missouri Kansas A Texas
Trust (;o., of Kansas City, Mo., and State Trust Co., of N. Y.. trustees.
V. 65. p. 367, 463.
Latest Earnings.— In April, 1897, road was completed to 8hreveport, 569 miles; on July 1, 1898, was operating 80(> miles to Port
Arthur. For 5 months ending May 31, 1899, gros-> earnings w«re
$1,498.G.'J9, against $1,304,218 in 1893.
Annijai. Rei'OKT.— Report for ycvir ending June 30, 1898, >clven at
length In V. 67. p. 999. 100.'>, .--houed j;ross, .$2,87h. l.".!); net,, $738,977; other Income, $1,452; Inteicst and taxes. $893,755; hal. ilef.,
$153,326. (V. 68, p. 772, 824. 871, 1024. 1225; V. 69, p. 27.)
r-.S>«
Kannan City Nt. JoHoph & (^>uiicil KIuII'h
Miil> Chicago Hiirlinglon d y.;— Owns from Kansas Cltv to Council
BlulFs, 19.1 miles, branches 55 miles, proprietary lliiett (.Nodaway Valley
and Tarkio Valley ralln ads), (>2 miles; total owned, 310 miles; leases,
6 miles; leased to other companies, 7 m.; total operated, 309 miles.
8Tot;K, Etc.— The capital sUic^k (InidudiMg Nodaway A Tarkio Valley)
June 30. 1898, $6,029,493, all owne<l liy the Chicago Burlington A
Qiilncy, and the road Is operal4Ml as pari of that system. Consids. Nos.
to .500. both inclusive, have a prior lien. .8ee description of mort
1
gage In October, 1896, Siji'I'i.emknt, page 1.
,
,
RR.—
DlVIDENUS.-
/
'90.
'91.
•9'2.
'93.
'94.
'95.
'96. (6
mos.)'97.
'9708
2 99
7-40 690 865 8()0 4-89 3 7i
59
Earnings— In year 1897 98 uross $2.2 19.269; net. $757,050; oths
looome, $9,323; Interest aud rcnlaU. $109,393; dlvld«nd«. $355.7 to.
PtT cent
s
307
o
.
74
:
INVESTOKS' SUPPLEMENT.
[Vol. LXIX-
confer a great favor by k'^Ius Immediate notice of any error discovered In theae Tablea.
Bond*— PrinciINTEREST OR DIVIDENDS.
RAILROADS.
Subacrtbera
\vlll
For explanation of column headings,
on flrst page of tables.
&o., see notes
Miles
Date
of
of
!
Size, or
Amount
per When Where Payable, and by
Outstanding Rate
Cent.
Payable
Road. Bonds Value.
Whom.
Kan. Oily Subnrban Belt— l»t mortgage, gold
c
Con«ol. Terminal Ry. of K. C, Ist M., gold
c*
Union Ter. RR. Co.lst M. ($2,000,000) g. guar.c*
Kansas City & Indep. Air Line Ist M., gold, .o&r
Kantas Oity Walkins <£ Gn/T— 1st mort., gold.. F.o'
Henluckyiilnci. Bridge— 1st M. g. $250,000, guar..
2d mortgage, gold
Terminal mort gage, gold
Keokuk d Des J/oi»ies— Preferred stock, 8 per cent
l8t mortgage, interest guar. C. R. I. <fe P
c*
Kticaunee Green Bay dt Western — 1st mortgage...
Kingston rf Pembroke — Ist M., gold
Knojcv. dt Ohio Ist mort., srold, guar, bv rent. o*Ar
I,ake Erie Jt Wester it— Com. stock, $20,000 p. m.
Pref. stock, 6 per cent 'not cum.) ($20,000 p. m.)
iBt iLortgage, ($10,000 per mile) gold
Ce.o*
2d mort., for $3,625,000 ($5,000 p. m.) gold.Ce.c
Lalie Shore it Michigan Soitthern Stock
Guar. 10 per cent stock (Mich. So. & No. Ind.) .
Consol. 1st mort.sink.fund $250,000 yearly. o&r
Consol. 2d mort.
do
cfer
New mortgage, $50,000,000, gold
c*&r
Detroit Monroe <fe Toledo let mortgage, guar...c
Kalamazo & White Pigeon 1st mort.. guar
c
—
—
30
"lO
98
162
162
il3
66
725
725
725
725
859
859
55
37
Par
:
1890 $1,000
1892
1,000
1,000
1893
1.000
1892
1890 $<&£
1881
1889
1886
100
1878 100 <feo.
1891
1,000
1882
1,000
1885
1,000
100
100
1887
1,000
1891
1,000
100
100
1870
1,000
1873
1,000
1897 l,000&c
1876
1,000
1890
1,000
1889
1,000
1889
100
1888
1,000
50
1871
1,000
50
on CO upon bo nds
$1,000,000
750,000
2,000,000
300,000
1,967,400
1,000,000
600,000
400,000
1,524,600
2,750,000
378,000
572,000
2,000,000
11,840,000
11,840,000
7,250,000
3,625,000
z 49,466,500
533,500
*8,I73,000
*8.428,000
30,542,500
924,000
400,000
79,000
322,000
610,000
840,000
300,000
Xl ,000,000
1,500,000
Bat. Cr. & Stur. 1st M.,g., guar. p.<fc i.(seeM.Cen.)
41
Sturgls Goshen & St. L. 1st mort., g., p. A 1. guar.
29
Kal. Allegan & Or. Rapids stock, rental guar
58
Ist mortgage, guaranteed
c
58
Erie & Kalamazoo (I'sed) st'k, Toledo to Palmyra
26
Cln. & Spriugtleld 1st mort., p. <fe i. guar
48
c
Lalce Shore System Mahoning Voal RR. Stock
43
Interest
registered
on
bonds
is
payable
II
CJ.-J.;
of 1897
X Additional to $1,000,000 guara nteed iby C. C. C.
—
—
Kanaaa City Suburban Belt RR.—Road—Extends from
Second St. and Broadway around Kansas City, via the East
Bottoms and the valley of the Blue and Brush Creek, providing
terminal facilities for the railroads centering at Kansad City, and
furnishes quick transit from the manufacturing suburbs along the
Blue Valley. By connection with Union Terminal RR., In Kansas City,
Kansas, this road also reaches the West Bottoms by a system of via
ducts, and here makes direct connection with every road enterinc
Kansas City from northwest, west and southwest. The St. Louis & 8,
F. RR. uses the terminals for entrance into Kansas City, and the Belt
RR. does its switching.— V. 67, p. 125. Stock, $4,750,000; par, $100.
Organization.— In 1892-3 consolidated with Consol. Terminal Ry.
Co., and bought entire capital stock of Kansas City & Ind. Air Line Co.
Also owns all but $600 of the $2,000,000 stock of Union Terminal RR.
Dividend of 2 per cent in stock was paid Nov. 1, 1893, and 2 p. c. in
stock in June, 1894; in 1898, Jan., 1^2 p. c. Trustee of the Suburban
Belt mortgage Is the Missouri Kansas & Texas Trust Co., of Kansas Oity.
In 1899 a readjustment of the affairs of the company and consolidation with the K. C. Pitts.
&
Gulf, K. C. Shreveport
&
Gulf Terminal
and Port Arthur Channel & Dock Co. was pending, but in April, 1899,
K. C. Pitts. & Gulf was placed in receivers' hands.
Earnings.— Report for year ending June 30, 1898, in (V. 67, p. 1105,
showed: Gross, $512,155; net, $237,216; Interest and taxes. $202,875;
dividend (II3 p. c.) $71,250; dedcit. $36,909. Jan. 1 to July 14 (6I3
months), gross, $285,802 in 1899, against $243,190 in 1898. N.Y.
office, 36 Wall St.— (V. 67, p. 125, 578, 1105; V. bS. p. 187, 524.)
Kanaaa City AVatklna & Golf Ry.—Completed in 1892 from
Lake Charles La. »ortherlT to Alexandria, 98 miles; branches 3
miles. Mortgage trustee. Farmers' Loan & Trust Co. Stock author
Ized $10,000,000- par $100. On June 30, 1894, stock for $1,967,400
was outstanding. In April, 1896, floating debt was about $100,000.
Interest has been in default since July, 1895. Henry B. Kane, as ReMarch, 1898. Foreclosure pending. (V. 67, p. 73.)
D. O. Eshbaugh and Theron G.
Strong; Secretary, H. R. Wilson, 41 Wall St., N. Y.; depository. Met
ropolitan Trust Co.,N. Y. Philadelphia Committee depositary la Girard
Life Ins.. Annuity <fe I'rust Co., Philadelphia. For year 1896-7, gross,
$141,897; net, $29,243, against $51,270 in 1895-96. (V. 67, p. 73.)
anaaa midland Ry.— See Supplement of Jan., 1899.
St. Lou la Iron Mt. & South. Ry.— See Mo. Pac. Ry. System.
ceiver, took charge
Hew York Committee.— W. H. Male,
Kanaaa Southwestern Ry.— See Supplement of Jan., 1899.
Kentucky Sc Indiana Brldse 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 Louis. & New Albany Ferry Co. and N. Albany
;
Street Car Co.
Stock, $1,700,000; receivers' certificates, (0.
F. W. Tracy and S. M. Felton. Bait.
Ohio S. W., the Southern Ry. and Louisville New Albany &
<fe
Chicago (now Chicago Indianap.
Louisv.) have acquired a block of
the second mortgage and terminal bonds for the purpose of controlling
the property. See V. 62, p. 1087 V. 63, p. jroo, 601. Foreclosure sale
ordered, suljject to llrst mort.— V. 67. p. 483, 634; V. 69, p. 180.
Interest Payments.— First mortgage interest due Sept, 11, 1896,
was paid Nov, 11, 1897, at Louisville Trust Co. of Louisville, Ky.
Earnings.- For year ending June 30, 1898, gross, $271,036 net,
$86,069; charges, $109,505; balance, def., $23,436. (V. 68, p. 180.)
Jk Des Hlolnea Ry.— Owns from Keokuk, la., to Des
Moines, la., 162 miles. Leased for 45 years from October 1 1878 to
Pacilic Railway, the lessee to pay 25 per
the Chicago Rock Island
eent of the gross earnings, but guarantees the interest (not the principal) on the bonds. Stock is $1,524,600 8 per cent preferred and $2
600,400 common (par $100), a majority of which is hgld by the lessee.
Dividends.-)
1893.
1894.
'96 to '98.
1895.
18<9
95 cts.
On pref. p. c. 3
24
90 cts.
None.
April. »«
Rental: In 1894-95, $137,500; In 1895-6. $139,521; in 1896-7 $137 500; in '97-8, $144,855; in 1898-9, $144,855. V. 68, p. 772,
Alexandria, Mo.,to Van Wert,Ia., 143
dc Western
miles; Des Moines, Iowa, via Van Wert to Cainsville, Mo., 112 miles
Stock, $4,000,000; par $100. Bills payable July 1, 1899, $1,479,966,
In 1899 control acquired by the C. B <fe Q. V. 68, p. 379.
Earnings— 12 mos,, 5 1898
Gross. $577,834
net, $147,940
Gross, 580,706; net, 140 293
Jan. 1 to Dec. 31, ) 1897
Report for year 1897 was in V. 66, p. 1233; V. 68, p. 379.
Klngaton Sc Pembroke Ry.— Owns from Kingston, Ont., Can., to
Remfrew on the Can. Pac, 104 miles; branches. 9 miles In January
1899, was about reorganized per plan in V. 67, p, 274. by which
$1,000,000 (par $50) tirst pref. 5 p. c non-cum. stock (V. 67, p 1309
V. 68, p. 130) and $1.50,000 second pref. 3 p. c. stock Issued, floating
debt paid and interest on bonds reduced to 3 p. c. Common stock
2,500,000; par $50; issued, $2,204,400. In year 1896-7, gross, $122.t 04 net, $21,142. (V. 67, p. 274, 901. 1309 V. 08, p. 130, 9z7.)
Owns from Knoxville, Tenn., to JeUico,
Knoxvllle Ohio
Tenn., and branch, 69 miles Operated by Southern Railway as part
system.
Stock
is
$1,122,200; par, $100. Southern Railway
of its
owns $1,117,300 of the stock nearly all pledged under its consolidated
Receivers.— John MacLeod,
&
;
;
Keokuk
,
&
-
RR.—
Keokuk
;
;
&
RR.—
&
J.
J.
St. L.
&
pal.When Dne.
iStocfc*— Last
Dividend.
& D. Phlla., Union Trust Co. June 1, 1920
& A. Phila. of., 400 Chestnut Feb. 1, 1922
5 g.
5
& A.
do
do
Feb. 1, 1923
5 K- M. & S. Phil., Pro V. life & Trust Mch. 1, 1922
5 g- J. & J. July,'95, coup, last paid Jan. 1, 1930
5 «• M. & 8. Sept. '9f>,couii. lastpaid Mar., 1911
5 g- A. & O. Apr., '93, coup, last pd. April, 1919
5 gJ. & D. June,'93,coup. lastpaid
Dec, 1916
„
text. See text N Y.,Offlce, 13 Wm. St. Apr. 15, '99, I3
5
A. & O.
do
do
Oct. 1, 192b
5
J. & D. N. v., Office 40 Wall St. June 1, 1921
New York.
3 g. J. «& J.
Jan. 1, 1912
6g. .J & J. N. Y., J. P. Morgan & Co. July 1, 1925
J.
P.
F.
See
5 in 1898
5 g.
5
N.Y.
&
&
&
&
u
&
&
g.
7 in 1899
10
7
7
3i2g.
7
5
g.
g.
3
5-95
5
10
7
10
*
A.
in '99 F.
After
C
N. Y.
&
&
&
&
&
&
&
Office,
80 Br'dway. Nov.l5,'98,m
Jan. 1, 1937
do
July 1, 1941
N. Y., Chase Nat. Bank.
do
A. N.Y., Grand Cent. Stat'n J'ly28,'99,3i«
do
do
A.
Aug. 1, '99, 5%
Coupons payable by
N. Y.
Registered
D.
D.
Deo.
June
J
1,
1,
1,
1,
1,
1,
1,
1900
1903
1997
1906
1940
Jan.
Deo.
1989
Dec.
1989
Apr., 1899
July 1, 1938
Aug.
I
int. on<
con.l8tand2d8by
Union Trust on
new 3>28 by U. 8.
;
O.
J.
July
f
Treasiu-er at Gr'd
Central
Station,
D.
D,
•
3
z
J.
J.
Trust, N. Y.
5%
A, N. Y., Gr. Cent. Station. Aug., '99,
O. N. Y., J.P.Morgan & Co. Apr. 1, 1901
A. N. Y., Gr'd Cent. Stat'n. Aug., '99, 7%
dedncti ng amounts deposited u
entral h olds $45. V 10.000 of this
ndermortgag&
mortgage of 1894, Earnings now included in Southern Ry,
1895-96 gross, $496,126 net, $224,863 interest, $120,000.
;
Year
;
Kootenay Ry. dc Navigation.— V. 69, p. 80.
Lake Erie & Western Railroad RR.—CSee Jlfap^.-Owns San-
dusky, O., to Peoria, 111., 420 miles, and branch to Minster, 10 miles;
Indianapolis to Michigan City, 162 miles; Fort Wayne to Connersville
and branch to Rushville, 133 miles; total owned, 725 miles, of which
701 steel; leased from Oct. 1, 1895, the Northern Ohio RR., Akron to
Delphos, 167 mUes; total operated, 892 miles.
History, Etc.— Formed in 1887 after foreclosure of the Lake Erie
& Western Railway. (See V. 50, p. 590.) The terminals at Indianapolis,
Peoria, Fort Wayne and New Castle are operated partly under lease.
The company lets about 74 mUes of trackage and terminal rights receiving about $35,000 yearlv. In Oct., 1898, $1,025,000 additional 2d
mortgage bonds were sold. V. 67, p. 736, 788, 842. On June 1, 1899^
sold to the Penn. RR. its holdings of $2,237,500 Cleve. Akron & Columbus stock. V. 68, p. 1075.
Frederick W. Whitridge, of Cary & Whitrldge, became chairman of
the Board m February, 1899, after death of President Calvin S. Brice.
In 1898 the construction of the proposed Cleveland & New Castle
Ry., from Akron, O to New Castle. Pa., was abandoned, on account
of which the L. E. & W. incurred obligations to the extent of $830,000,
of which $22.'>,0»)0 is expected to be realized from the sale of real
estnte purchased therefor. V. 68, p. 23v, 282.719. The $2,052,000
Pittsburg & Western 2ds, to purchase which a loan of $2,000,000 was
made, were sold In July, 1899, to the B. &0.—V. 68, p. 719; V. 69, p. 132.
,
DmDENDS8iNCE'89<
Year.. 1890. '91. '92. '93, '94, '95. '96. '97. '98.
4 4% 5
on preferred.— <P. ct. 4
5
5
5
5
5
The February. 1899, dividead was passed, and it was decided to pay
no dividends " at present," on account of the considerable floating
debt occasioned by advances to Cleveland & New Castle Ry. See above
and V. 68, p. 232, 282, 719.
BONDS.—Abstract of flrst mortgage in V. 46, p. 45; of 2d mortgage in
V. 54, p. 444. Guarantees $2,500,000 5s Northern Ohio, which see.
Latest Earnings— 5 months ending May 31
Gross.
Year.
Net.
Charges.
Bal., sur.
$325,vf9
$589,200
$263,261
541,034
300,789
240,245
Annual Report.- Fiscal year ends Dec. 31. Annual meeting Is held
at Peoria on flrst Wednesday in October. Annual report for 1898 was
given in V. 68, p. 719. The traffic is well distributed, only 6 per cent
being coal. Average rate per ton per mUe in 1898 was 0-620 cent.
1898.
1897.
1896.
Year end. Dec. 31.
1895.
Gross earnings
$3,467,378 $3,439,397 $3,344,274 $3,519,104
"'
1,228,993
1,234,147
Net earnings
1,198,097
1,368,675
509,725
492,500
interest on bonds
471,708
467,500
1 25.000
125,000
North. Ohio int, guar
125,000
Dividends
(3%) 444,000 (5)592,000 (5)592,000 (5) 592,000
1899
1898
$1,399,512
1,396,614
.
$150,268
$24,647
$9,389
$309,175
1898 consumed year's apparent surplus,
— (V. 68, p. 130, 232, 282, 523, 719, 1075; V. 69, p. 132.
Lake Shore & inichigan Southern K.a.Uwa.y.—(See Map
iV. r. Centra/.;- Operates from Buffalo to Chicago with branches.
The
system, well shown on the map, is made up as below. The main lin«
(540 mUes) Includes 26 mUes between Toledo and Palmyra, Mloh.,
under lease from the Erie <& Kalamazoo.
Miles.
Leased, [Usee this Co..
Road owned directly.
MUes.
Buffalo, N. Y., to Chicago. HI. .540 Kalamazoo A. & G. R
58
327 Jamestown & Franklin
Sundry branches
51
Balance, surplus.
Improvements
in
Entire stock owned.
Detroit & Chicago (see below)
Toledo
Detroit Monroe
Kalamazoo & White Pigeon...
Northern Central Michigan
Sturgis G. & St. L
&
.
26
55
37
61
36
Mahoning Coal RR
48
Erie & Kalamazoo (26 m.)
Text.
Detroit HUlsdale&S. W... IT
65
Fort Wayne & Jackson
Elkhart & Western
Grand tot.
if
98
11
oper. Jan. 1, '99. 1,413
Of the main line 490 miles has double track. By control of " Nickel
Plate" the Lake Shore has stiU another line from Buffalo to Chicago.
Organization, &c. A consolidation on Aug. 16, 1869. The N.Y, Ch. &
St, Louis (Nickel Plate) road has been controlled by ownership oJ
stock since 1882, Lake Shore now owning $6,240,000 of its common.
$6,275,000 of its 2d preferred and $2,503,000 of its 1st preferred stock.
The company also controls and leases the Mahoning Coal RR. [see Lake
Shore "System" below] and owns (besides the entire stock of the proprietary lines) $2,675,696 Pittsburg & Lake Erie stock. A Vanderbilt
road having a large competitive busineps. The N. Y. C. & H. R. RR.
Co. in 1899 had acquired over nine tenths of the capital stock, as
stated below. Dividend was increased from 3 to 3i<2 p. c. in July, 1898.
Capital Stock.-The stock has remained at $50,000,000 since
1871. The guaranteed stock of $533,500 carries 10 per cent divldeiidB,
'93-97
D1VIDBND8.— Since ) 1888 '89 '90 '91 '92
'98
'99
6^2 Q^
P. Ct. ?
4
5
5
6 yrly
1887.
613
7
Bonds.- Interest on the consol. flrst mort. Is paid on coupon bonds
The flrst consol. or bonds prior
J, lis J., on registered bonds Q.— J.
thereto are redeemed each year by $250,000 sinking fund.
July,
1899.
KAILKOAJD STOCKS
AND
BONDS.
79
:
INVESTOES* yUPPLEMKNT.
76
fVOL. LXIX,
Sab<( iters will confer a great favor by giving; Immediate notice of any error discovered In these Tables.
RAILROADS.
Miles
For explanation of column headinjte, Ac, see notes of
on
tlrst
page of
Date
Size, or
Par
of
Outstanding
Road. Bonds Value.
tables.
43
43
29
Lake Sh.- Mahon.Cool- (Con.)— Pref.stock.eeetext
iBt M., Younifs. to And., eto., guar. p.&l.(end)...c
c
Latuaster di Vhister 1st niorttjage
Learttiirortli Ttrmitnil h'y. d- Hriilge—lBtN., gold.
Leav. Top. <e S. n.-l8tM.,i3»fuar.l)yAt.&»flb.vUn.P.
'46
42
63
$50
1884
1897
1893
1882
1881
1887
$661,850
1,500,000
25,000
600,000
1,000
500
1,000
1,000
1,000
1.000
iAhighitHudsoii Hirer— l»t M.,x.,lnt.red'c'dto5p.o.
2d mortgage, gold
Text. 79-'81 500 &a.
Warwick Valley 1 st & 2d Ms. ($240,000 2d8)
7 1880 500 &o.
Wawayanda RK. 1 st mortgage
1890
1,000
L.& Hud. R Gcu.M. $3,000,000, g. (see text, Ce.o*
1886 500 &0.
Lehigh d \eir A'/iy/'rf— Slate Valley RR., Isi mort..
1,000
1895
Ist mort., $1,000,000, gold
50
Xiehiyh yallry—Htoci^ ($106,300 is lOp.C' ef.).
1,000
101 1868
Ist mortgage, o. and r., extended in gold! 1.1. 8ti8
1,000
1870
r
101
2d mortgage
1,000
Consoi. mort., > coup. & reg., $4,762,000 4Ja8.c<fer 285 1873
4i«8.FP
1,000
>o38,000
are
1873
285
$40,000,000, s annuity, $2,
1,000
«i P.c*.fer
1897
Mtge. and Coll. tr., g., call at IO712
1,000
Lehigh AN. Y., 1st M., $2,000,001, g.,gu.p..tl.o**r il7 1895
1,000
283 1890
l>eh. Val. of N.Y., Ist M., gold, gu. p. <te i.(end.)c*<fer
1,000
31 1891
Leh. Val. Ter., Ist M.,gold,gu.p.&i.,end..C.c*&r
1,000
60 1880
Easton &. Amboy,lst M.Easton to P.Amboy.gu. V
12 1895 500 &c.
Easton & No., Ist M., gold, guar, by L. Val..o*&r
1,000
1892
Delano Land Ist M., gold, guar., s. f. tSO.OOOy'ly
"22 1892
1,000
Middlesex Valley, Ist mort., $600,000, gold.... c*
1866
1,000
Penn. & N. Y. Can. & RR.— Ist m., endors. .c*.tr.
1,000
1888
Consols (see text) guaranteed p.& l.(end.).GPr
1,000
o*
119 1884
Elmlra Cortl'd & No. Ist pref. mort.. gold
119 1884
1,000
Ist M., gold, jiuar. p. & f. (end.)
1886
Cana.No.lst M., g.,gu.p.&i.by E.C.&N. (V.66,p.82)
100
Morris Canal stock, 4% guaranteed 999 years....
years
100
guar.
999
stock,
10
c,
Preferred
p.
500
r
Snow Shoe. 1st M.,not guar
•
.
The consoi. mortgage of 1897 (United .states Trust Co.. N. Y., and
John T. Dye of Indianapolis. Ibd., trustees,) is for $50,000,000 of S^
per cent gold honds, tax tree, authorized to retire the several issues of
78 maturing from 1898 to ia03 (i^ee ab»»tract in V. 64. p. 1182)
amounting to $43,192,000, and the balance, $6,808,000 for use in re
funding said bonds and for general purposes of the company. The
mortgage covers 829'54 miles of main line and branches — a considerable portion being double tracked— and 181-11 miles of leased lines.
The refunding of the first 78 into new S^s per cent consols will effect
a saving in interest charge.'*, when entire $50,000,000 are outstanding, of $1,273,440 a year. See refunding plan in V. 64, p. 469, 610
and also V. 66, p. 82; V. 67, p. 956. To June. 1899, $30,542,000 of
3128 had been listed.- V. 66, p. 1140: V. 68, p. 1182.
Guaranties.-As to guaranties additional to those shown in table
above see Detroit Hillsdale A S. W. and Fort Wa.vne A Jackson.
Okneral jp'ixances.— Nothing nas been charged to construction or
equipment account since 1883, the outlays charged to operating expenses for new equipment amounting in 1898 to $699,5 16, and in 1897
to $349,290 and for construction to $108,903 in 1898, against $245,179, these items being exclusive of expenditures for renewals. Profit
and loss surplus Jan. 1, 1899, $7,350,713. Low grades permit large
average forJ1898, 352 tons, against 321 in 1897.
train loads
In Apr.. 1899, $25,908,000 of the $43,192,000 7per cents due in 1903
and earlier, and outstanding in June, 1897, had been retired and
$25,908,0uO new 3»48 issued, thus reducing fixed charges $770,540 per
annum, or l»s per cent on the capital stock.
In Feb., 1898, a majority of tl'ecapital stock was purchased by the
N. Y. C. A H. RK., which gave in exchange its 3^ p. c. bonds at the
rate of *200 in bonds for $100 in stock, and offered to take the minority inte^(•^t on the same terms. These coll. trust 3*28 of 1898 (authorized issue $100,000,000) bear interest from Feb. 1, lj-99, and are securea by deposit in trust with Guaranty Trust Co., mortgage trustee,
of L. S. & M. 8. stock at the rate of $100 of stock for each $200 of
bonds outstanding. (V. 66. p. 288.) In July, 189 J, $45,210,000 .stock
had been exchanged. (V. 6b, p. 1237.)
Eai(mn<.s.— For 6 months ending June 30, 1899, i>artly estimated:
Oross.
Net.
Charges. Dividends. Bnl ,sur.
6 moB.
1899 (ei-t.).$10,824,4' 9 '$3,314,459 $1,410,000 $1,731,327 $173,132
1898(act.). 10,109,609
3,^13.870 1,410,000 l,731,3l:7
72,5i3
* Operating e-xpenees in 1899 include
$510,398 for new equipment.
;
ANN0AL Report. -For 1898 was In
Tear etid. Dec. 31—
1898.
Total gross earnings
Oper. exp. A taxes
INTEREST OR DIVIDENDS.
Rate per When Wliere Payable, and
Amount
i
V. 68, p. 86-:
1897.
$20,753,683
13,928. 02j
$20,297,7*1
13,542,491
$6,825,663
$7,17 2,472
656,489
$6,755,230
$7,150,851
635,895
1896.
$20,193,967
13,726,155
5
5
7
I
5 g.
1,380,000
800,000
169,120
4K.
5
6
6
5
1,124,000
61,500
S.
&
&
A
&
&
&
&
&
&
&
J.
J.
J.
J.
J.
J.
J.
<te
A.
g.
4
5g.
403,000
40,441,100
6,000,000
6,000,000
10,400,000
12,350.000
4.925,000
2,000,000
15,000,000
10,000,000
6,000,000
51.000
1,141,000
375,000
1,500,000
8,500,000
750,000
1,250,000
300.000
1,025,000
1,175,000
400.000
13 miles;
g-
5g.
385,000
65,000
J.
J.
J.
J.
"i'g- J.
7
4i«&6
4I3&6
5
g.
4
g.
M.
J.
J.
M.
M.
4J2g. J.
5
5
g.
g.
7
•
4, 412,
E.
&
M.
M.
J.
M.
J.
5 A.
A.
6g.
5g.
6g.
4
10
5
A.
g.
4l2g.
5
5
Whom.
Payable
Cent.
g.
A.
J.
F.
F.
J.
J.
J.
Rentals paid
Interest on debt
53,35o
53,350
$6,467,802
$6,822,614
629,119
3,117,745
53,350
(7)3,462,655
(6)2,967,990
(6)2,967,990
2,439,4 1
Divld's on guar, stock
Dividends
2,716,.348
Bnrolus over divs
..
$560,568
$777,268
$54,410
Tra^e.— Of the 15,551,976 tons carried in 1398, coal and cofte contributed 27 per cent, ores 11 p. c, grain 10 p. c. -(V. 68. p. 572. 868.
977, 1133, 118a; V. 69, p. 27.)
Lake Shore Srstem.— inahonlnK Coal
Youngstown
RR—Owns
from
to Andover, O., and branch, 50 miles. Leased in perpetuity for 40 per cent of gross earnings to Lake Shore, which Jan. 1
1899, owned .$865,900 common and $399,500 preferred stock.
DiviDENUS.- >1889. '90. '91. '92. '93. '94.
'95 to Aug., '99.
Oncommou. j 'ihi%
4^2
5
S
8 10 (Feb.7%,Aug.3%)
8hi
The preferred stock certificates are 5 p. c. guaranteed and contain
* clause making them redeemable at par at option of company.
For 1898, rental, .$302,394; surplus over int. and 10 p. c. on com. and
6 p. C. on prcf., $42,584. In 1897 rental $280,474. (V. 66, p. 897.)
Leavenworth Terminal Rallivay
&.
Bridg;e.—Owns high-
way and railroad bridge (opened Jan. 1, 1894), 1,110 feet long, over
Missouri River at Leavenworth, Kan., and valuable terminal property
In that city. The mor'gage contains a sinking fund provision. Kansas City St. Joseph A C. B. (Chicago B. & Q.) and Chicago R. I. A P.
use the bndge at an annual rental of $16,000 each, under a 30-year
contract iroin 1894, and Chicago Gt. Western from Sept. 1, 1895, for 30
yeais; rental $17,.500. Capital stock, $600,000. (V. 61, p. 556.)
Leaven^vorth Topeka
4c South 'Western Ry.— Owns from
Meriden Junction, in Kansas, 47 miles. C. T. McLellan
apiKjiuted receiver April 20,1894. Sale a<ljouriied to Aug. 9,1899
V. 69. J). 130. Block, $1,380,000. Coupons uue Jan. 1, 1894, not paid.
In June, 1899, i)rivat,M settlement was idjmIc with $247,000 of the
bonds on account of t'uion Pacinc ).'uarant\. V. 68, j>. 118'^. Accounts payable $1,046,350 Jan. 1, 1894. In 1897-8. gross, $42 471-
I<eavenworth
ic
net, $1. 879. -V. 62, p. 186; V. 68, p. 2'«2, 1182; V. 69, p. 1.30.
Sprlne*
See Supp. of Jan., 1899; V. 68, p. 1226.
River
Lehleh Sc
Owns from Greycourt, on Erie
KH., to Belvidere, N. J., on the Pennsylvania RR., 63 miles. Proprietary
Hues- Orange County RK. (entire stock owned— no bonds Issued), HudJunction to May brook, N.Y., on P. R. A N. E. (Poughkeepsie Bridge,
Lebanon
MJ
Ry.—
Hudson
Ry.—
pal, When
by
Stocks
Due.
— Last
Dividend.
N. Y., Union Trust Co. July,'99, 2H%
do
July 1, 1934
do
J.
J. N. Y.,
•Tan.
Central Trust Co. Jan.
J. July, '93, coup, last pd. July
J. N. Y., Nat. Exch. Bank, July
J.
do
do
July
0.
do
do
IbUO
•Tan.
J.
do
do
J.
do
do
JiUy
1,
1,
1,
1,
1,
1917
1923
1912
1911
1917
A 1912
1, 1900
1, 1920
J.
July, 1, 1916
<fe
J. Pliila.,927 Chestnut St. July 1, 1945
1893
AD. Reg.atotllce; cp.Bk.N. A. June 1, 1948
Phfla.
& 8.
Of., 228 80. 3d St. Sept. 1, 1910
& D. Reg.at ot}ice;cp.Bk.N. A. Dec. 1, 1928
A D.l Phila..Of.,228 8o. 3d St. Irredeemable,
Philadelphia.
A N.
May 1, 1997
A 8. Phil.,Leh.Val.Of.AN.Y. Sept. 1, 1946
A J. N.Y.,Merch.N. Bk.APh. July 1, 1940
do
A 0.
do
Oct. 1, 1941
A N. Phlla.,Of.,228So.3dSt. May 1, 1920
A N. See Oflf., 228 So. 3d St. Nov. 1, 1936
do
A J.
do
Jan. 1, 1932
A N. N. Y., Central Trust Co. Nov. 1, 1942
A D. Phila., Bk. N. America. June 1, 1906
A 0. Phila., Lehigh Val. RR. Apr. 1, 1939
do
A 0.
do
Apr. 1, 1914
do
A 0.
do
Apr. 1, 1914
do
A J.
do
July 1, 1906
Phil,
office,
A.
228
A
S.3d St. Aug., '99, 2%
do
A A.
do
Aug., '99, 5%
Philadelphia.
A J.
Jan. 1. 1910
P. RR., Phillipsburg to Easton, 1 mile; trackage.
Penn RR., Belvidere to Phillipsburg, 13 miles: total oper., 90 miles.
The Central RR. of N. J. and Lehitfh Coal & Nav. Co. control the
roaa.- V. 68, p. 568. Coal and coke are over hall the tonnage
Secdrities.- Stock, $1,340,000; par, $100. Warwick Valley Ist
mort. covers 15 miles of road and bonds mature October 1, 1900; 2d
mortgage covers 22 miles and bonds mature April 1, 1912. Loans
and bills payable March 31 1899, 1'10,000; car trusts, 68, $41,000.
The general mortgage is for $>!,000,000, of which the amount outstanding was increased in 1898 from $584,000 to .$1,124,000 to pay
the floating debt, aud in exchange for $40,000 sec ond mortgage
bonds. At the same time, of the $1,124,000 outstanding $l,o62,000 were guaranteed jointly, pnn. and interest, by the Cent. RR.
of N J. and Leh. Coal A Nav. Co. An additional $1,535,000 are reserved to take up prior liens and $330,0.)0 for extensions or acqul^i
tions of connecting roads. See form of guaranty, etc. in V. 67, p. 788.
Latest Earnings.— mos. ending March 31 (including Or. Co. RR.)
Gross.
9 tnouths—
Jiei.
Int..taT.,etc. Balance.
1898-9
$338,689
$150,771
$109,471
$47,300
1897-S
bl0,368
146,088
107,029
39,059
Annual Report.— Induding Orange Countv RR.:
Tear end, June 30.
Oros-.
Ae<.
i>l^, tax, etc. BaL,i,ur.
1898
$402,046
$184,092
144,768
$39,324
1897
3.59,689
145,627
142,975
2,652
Grinnjll Burt, President, 80 Broadway, N. Y.City.— V. 67,p. 125».
Lehl^li dc New England RR.— Operates road from Slatlngton,
Pa., to Campbell Hall. N. Y., 96 miles, of which three sections, aggregating 44 miles, belong to other companies, leaving 52 miles owned.
N. Y. Susq. & W. operates New Jersey Division (Campbell Hall to
Hainesburg, 61 miles), and Lehigh Valley RR. operates Pennsylvania
Division (Hainesburg to Slatington, 35 miles.) Campbell Connecting
RR. (leased) issued on its 4 miles $500,000 oi Ist M.50-year 5s due 1939.
History.- A reorganization July 1, 1895, of the Pennsylvania
Poughkeepsie & Boston, sold in foreclosure Dec. 14, 1894.
Securities.— Stock is $1,500,000, par $50. Mortgage is for $1,000,000, of which $625,000 for improvements and exten's.- (V. 62, p. 134
Loans and biil.s payable June 30, 1898, $107,719.
Earnings.— For year ending June 30, 1898, gross, $71,049; net,
.
)
$10,927; charges, $9,189; balance, surplus, $1,738.
Lehlsh Valley
r-See Jlfop;- Main line, Jersey City, N. J., opposite N: Y. City, to Buffalo, N. Y., 442 miles; branches to Audenried,
Tomhlcken, Hazleton, Ac, 749 miles; Lehigh A New York RR., 115
mues State Line A Sullivan Railroad, 24 miles total main line, 1,330
miles; branches, etc., 846 miles. Total system 2,176 miles; second
track, 569 miles. Trackage: Penn. RR., 136 miles; N. Y. Central, 16
miles; sundry trackage, 34*8 miles.
RR.—
;
Net earnings
Net, Incl. oth. income
J5on</«— Princi-
;
History, Etc.— In March, 1897, arranged with J. P. Morgan A Co.
of N. Y. for ageneralrealjustment of finances, including the holding
of voting power for a large biock of the stock.— See V. 64, p. 517,
For list of securities owned, see V 66, p. 187. In
754; V. 68, p 474.
June, 1899, J. P. Morgan & Co. exercised the option to purchase 75,000 shares of stock held by the Asa Packer estate.- V. Gs, p. 1226.
Coal Property.—The Lehigh Valley RR. Co. owns 3,619 acres of
coal lands and all the ($650,OoO) stock of the Lehigh VaUey Coal Co.,
which in December, 1893, owned anthracite coal and surface lands
Total acres.
Ooal acres.
BsVd. yield.
Owned in
fee
15,217
7,242
124,000,000
8,123
5,741
111,000,000
Term leases
1,708
1,708
47,00^^,000
Controls through ctock owned.. 9,229
4,519
50.000,000
Collieries 54, dally capacity about 30,000 tons. (V. 62, p. 364.) The
Hazelton Coal Co. (chartered in 1896) stock is owned and its $2,000,000 first mortgage 58 also owned are guaranteed— see V. 64, p. 137.
The Coal Co. shipped from collieries owno.a 2,609,126 tons in 18971896-97, 2,819,757 tons in 1895-96.
98, 2,613,725 tons
Perpetually leased
m
Dividends.Since '85.
?
'86.
'87.
'88.
'89.
'90.
'91.
'92
'93.
none
4
412
-5
5
5
5
514
4
since.
Bonds.— The $15,000,000 mortgage and col. trust ss of 1897 were au
thorized to provide for floating debt and for future improvements,
$7,000,0(X> (which may bear a lower rate of Intere.'t than 5 per cent)
being reserved for improvements or acquisition of stocks or bonds of
other companies at $1,000,000 a year after 1900. The mortgage
covers 79i-69 miles of single track, including branches and sidings,
real estate in Philadelphia, and also stocks and bonds of various companies. Lehigh Valley bonds with lien prior to these bonds may be
extended or new prior lien bonds issued, but not to increase the aggregate principal sum or rate of interest of aU' h bonds except as provided
in the consolidated mortgage.
List of collateral pledged to secure
bonds was given in V. 65. p. 1114- see also V. 66, p. 187. The bonds
are subject to call at 107 >2 p. c— see " General Finances " below.
P. ct.
i
Guaranties.- JBa«ron
<e
Vorthem
iZT?.- RoadfromBelfastto
Easton
Smiles; branch to Lehigh VaUey RR. at South f-aston, 4 miles
Capital stock is $300,000. Lehigh Val. guarantees bonds. (V. 62, p.l35.
Elmira Cortland <t Northern RR.— This road, with the Oanastota
Northera, runs from Eliu>ra to Canastota and Camden, N. Y. 140
miles. The stock, $2,000,000 is owned— V. 62, p. 364, 1177.
Pa..
July,
1899.J
EAILROaJ) 8T0(^K8 ANJ) BONDS.
77
—
RAILROADS.
Miles
of
For explanation of column headings, &c. see notes
on
first
page of
Date
Size, or
of
Par
Road. Bonds Value.
tables.
Lehigh Vallry -(Concluded.)—
do $500,000, due !f2.'),000 each F.&A....
do
do $'J.OOO, 000. due $200,00.1 yearly
do
Lenngloii rf East'ii—lst M., $1,000,000, gold.Ce.c"
General niort.. gold; iiu-onies to Fel).l,1900.Co.r
Little Kanawha— l»t niort., gold, $15,000 p. m.K.
LUllt .Wiflmt—St' k,coiu.,gu.8 p.e.,99 yr8.,P.C.&St.L.
o
Renewal mortgage
Betterment bonds ($3,000,000) convertible
LUlU Schuylkill Sar. KR. d Coal— Stock (rental gu.)
92
84
84
28
Julii « </— Stock
2d mortgage
o*
Consol. mortgage, gold, $5,000,000
155
156
156
163
do
do
do
Ce.c'
General mortgage, gold
Metropolitan Ferrv Co. Ist M., gold, red. at llO.c*
gold.
.Ce.c*
L. I. RR. M. on ferry for $2,750,000.
18
Mortgage bonds of 1932 for $500,000, gold
Debenture ($1,500,000) gold, not subject to call.
2
New York & Flushing 1st mortgage, assumed...o*
76
Brooklyn & Montauk Ist M., $250,000 are 6s...
76
2d M., g., assum.. Bush. Sta. to Eastp. & brs.C
12
Long Island City & P'lushing 1st M,. assumed.. o'
19
c'
Consol. mortgage gold, assumed
UniUed mortgage, $15,000,000, gold.Usm
Lkased Lines, Puincipal or Intekest Qca RANTE ED.
9 1871
New York & Rockaway Ist mort., int. only guar..
18 1871
Smith. & Ft. JefTor.^ou. 1st mortgage, guar. p.&l..
30 1892
L.I.RR.No.Sh.Br.cons.M.$l,500,000,gu.p.&i.c*
19 1885
N. Y. Bklyn&Manh. B. Istconaol. M.g.,gu. p. &1.
i.,
end..c
6 1893
N. Y. Bav Ext. RR. 1st M. gold. gu. p. <fe
500
500
1,000
1,000
1.000
Lehigh Valley Railtcay Co. of \ew Torfc.— Owns Buffalo, N. Y., to near
Sayre, Penn., 175 m. double track, ard branches to Itiiaca, Auburn,
etc., 110 miles; total, 285 miles. Stock all owned by Lehigh Val. RR.
Mortgage abstract in V. 51, p. 114. (V. 65, p. 412, 1071.)
Lehigh Valley Term inal Railway. -Owns double-track road from South
Plalntleld, N. J., to Jersey City, with about 125 acres at Jersey City and a
large water front there, etc.; its stock of $10.000.0'i'' is owned by LeVafiey RR. (V. 53, p. 640. 880.) Car trusts $1,000,000.
Middlesex ra//<T/.— Naples to Geneva, N. Y.. 29 miles. Bonds due
1942, guaranteed, principal and interest (endorsed).— V. 62, p. 134.
Leased for 999 years and dividends guaranteed.
Morris Cawat.
Bonds all owned by Lehigh Valley. See V. 50, p. 137.
Pennsylvania <t New York Canal (t iJai/zoad.— Leased for 99 years
from December 1, 1888, to Lehigh Valley, which has assumed its debt
and owns all its stock. Consol. mortgage bonds of 1888 are reserved to
take up prior bonds when due. The consols include $4,000,000 of 5
per cents, $3,000,000 of 48, $1,500,000 of 412S.— V. 62, p. 950.
Lehigh <t New lor/c.— N. Y. State Line near East Waverly to Fairhaven, on Lake Ontario. 115 miles.— V. 61, p. 558, 750; V. 62, p. 134.
JiocAes^er .SoM/Aern /JiJ.— Rochester to Hemlock Lake, N. Y,, 30-16
mUes. Controlled through ownership oT stock. Capital stock is $800,000 (par $100); funded delit $425,000, all owned in 1898 by L. V.
Lehigh Valley Coal Co.— See "Coal Property" above.
General Finances.— In March, 1897, $8,000,000 mortgage and collateral trust gold 5s were authorized (issue to be increased to $15,000,000 after Jan. 1, 1900); $5,000,000 of these were sold to J. P. Morgan &
Co. to provide at once for floating debt, new construction and working
capital, and $3,000,000 may be so used during the next two or three
years and $1,000,000 a year for seven years after 1900.- V. 64, p. 754.
Real ettate mortgages. $346,352. The reduction of interest to 4 p. c.
on the Ist 68. extended in 1898. will save $100,000 yearly. In Mar.,
1899, sold to Drexel <S? Co., of Philadelphia, $2,000,0t'0 413 per cent
car trusts, $200,000 to be retired yearly. V. 68, p. 572.
Latest RR.Earni.ngs. ) 1898 9.. Gross, $^.242,273; net, $1,435,961
6 mos., Dec. 1 to May 31. $1897-8.. Gross. 8,476,040; net, 1,992,721
For same six months Lehigh Valley Coal Co. showed a deficit Irom
operating of $417,111, against $269,703 in 1897-8.
ANNUAL Report.—The fiscal year ends November 30. The report for
1897-98 was given in V. 68, p. 82, 126 see also editorial, p. 105.
1898.
Jearend. Nov. 30—
1897.
1896.
1895.
—
;
Earnings
from coal. $8,436,392
"'
Mlscel. freight
Passengers
Mall, express, etc ...
7,-571,978
2,718, 8!S9
1 ,01 5,3 10
$8,560,418
7,403,471
2,672,547
922,630
$8,623,574 $8,470,859
7,472,104
6,849,062
2,556,536
2,316,540
989,683
927,993
Total gross
$19,742,538 $19,559,166 $19,641,897 $18,564,454
Op. exps., inc. rentals 14,188,228 14,413.330 14,710,895 14,028,453
Net earnings.... $5,554,310 $5,145,836 $4,931,002 $4,536,001
Other income
1,244,945
1,036,288
676,159
898,346
Total net income $6,799,255
State Uxes
360,000
Bal. of int. account.
19,8.'i3
LoBsMor. Canal,etc.
230,073
Int. and rentals
4,844.166
Int. Leh. VaL Coal.
831,058
P6,l«2,124 $5,607,161
360,000]
25,117
673,366
239,935
4,744,205
710,204
$5,434,347
589,694
'
4,484,033
590,650
4,294,380
596,625
Total Charges... $6,325,154 $6,079,461 $5,748,049 $5,480,699
8Ur.$474,104 Br.$102,663 dt.$140,888 sur.$46,217
The report for 1898 as above docs not Include the <!oal properties,
for the improvem'-nt ol-vvhlch $700,649 was expended in the year and
on whose operations, ei'c, tlierc was a loss of .$44'<!.159.
Other income as above in 1898 ($1,^44,945) includes dividends on
stocks owned. $257,662; interest on mortcages, $43,790; sundries
$142,815, and Interest on t)onds, $618,770, the bonds embracing:
Balance
$l,4C0.fX)O I.eh. Val. Coal Co.. 1>'»2: »S,< 00,000 Leh. Val.Coal Co., 18«7- »2 100
& Letiidh ViillHy RR., »I.P4«,(]0o llazlftoii Coal Co., »5i 000 "MorCanal &. Banking Co., »4<;.5.0O() l{(irhe»ter Soutbt-rn RR. Co $164000 Mldrll"sex Valley KR. Co., la.-iu.OOO Greenville & Hudfon Ry. Co.. $384 600 Coal
•
O'lOSchuTlklll
ris
.
Rldtce Impt.
A Coal
Co.
President (July, 1897), Alfred Walter. Finance Committee: Alfred
Walter. E.T.Btotesbury.C.H.Coster.E. P. Wilbur and Joseph Wharton
-(V. 67, p. 530, 1207,1309; V. 68, p. 82, 12 6.132,474,572.)
Lexinetoii
Kantern Ry.—Owns from Lexington. Ky., to Jack"
son, Ky., about 92 miles. To operate Ohio & Kentucky Ry., to extend
from Jafkson, Ky., to caniiel coal fields in Morgan County, over 26
mUes. Cai)ital stock Is $500,000; par, $100. General mortgage
$2,500,000, of which $1,000,000 reserved to retire the firsts. 1 p. e,.'
was paid Aug. 1, 189", on gen. mort. bonds. Loans and bills navable
^'
June 30, 1897, $37,131.
EABNINO8.—
months, 5 1898-99
Gross, $235,217; net. $76,808
July 1 to May 31.
? 1897-98
Gross, 187,330; net, 59,007
Year ending June 30,1898, gross. $205,723; oper. expenses and
taxes, $146,856 Interest on bonds, .$65,000. (V. 59, p. 697.)
Lima Northern Ry.— See Detroit <fe Lima Northern Ry.
Little Falls Ac Dolueville
V. 68, p. 1077.
Little
Parkeraburg, W. Va., to Palestine, 30
miles, thence oy steamer, 4 miles, to Enterprise, continuing thence
&
n
;
RR.—
Kanawha RR.—
Amount
LVou LXIX.
INTEREST OR DIVIDENDS.
When Where Payable, and
p^n?®'^ Payable
Whom.
^
Outstanding "
U>
1893 l.OOO&c $11,637,000
7( 0,000
1,000
1896
375,000
1S9G
1.000
2,0(10,000
1899
1,000,000
1,000
1895
1,500.000
1895 1,000* c
1,000 NoneOct.'i)8
1898
50
4,943,100
1,500,000
1882
1,000
714,000
1,000
1892
2,487,850
50
50
12,000,000
268,703
1878 100 &c
3,610,000
1881
1,000
1,121,000
1881
1,000
1,000
3,000,000
1888
1,250,000
1887 500 &C
1,000
1,494,000
1892
332,000
1892
1,000
1894
1,500,000
1,000
125,000
1880
1,000
1881
1,000
1,000,000
1888
1,000
600,000
600,000
1881
1,000
650.000
1887
1,000
1899
5,650,000
L.V.CoalCo.lstM.$l'2,000,000,g.B.f.,noldrn.c*<tr
trust.-*, $r>0,000 duo I'lU'h F.&A.o*
L. v., gold, car
Long
SUPPLEMENT.
INVESTORS'
78
5
5
5
&
J.
g.
g.
& A
& A.
J.'
& 'j.
41a
5
g.
5 g.
.7.
F.
F.
&
F.
J.
Bonds— Piirn lby
pal,When Due.
A7ocfc«— Last
Dividend.
and Philadelphia. Jan. 1, 1933
Phil.,Girard L.I.A.&Tr. Aug., '99-1906
Philadelphia.
Auir., '99-1906
N. Y.
N. Y., J. k. Tod <fe Co.
A.I 1 p. ct. paid Aug., 1898
To 1909
1, 1900
Jan.
Feb.
Jan.
1,
1935
1,
1,
1,
1,
1,
1,
1931
1931
1938
1937
1922
1932
1934
1920
1911
1938
1911
& J
1. 1948
Q--W ./o Cinn., Office, IstNat.Bk. June 10 '99,2%
5
M. & N. N. Y., Bank of America. Nov. 2, 1912
7
A. & O.
do
do
Apr. 1. 1932
5g. J. & J. PMla., Of., 410 Walnut July6. '99, 3%
Nov.2,'96,1%
7
F." & A. N.Y.,U.S.Mort.&Tr.Co. Aug. 1, 1918
5
g.
4 lag. M.
4
g-
.1.
.7.
i^- M.
5&6g.
250,000
75,000
1.425,000
M.
.7.
I'- M.
5 g.
4g.
7
7
M.
M.
A.
M.
5g.
Q
5 g. a;
1,726,000
200.000
5
g.
J.
J.
.
4g.
J.
i«5 g. M.
J.
.
&
&
&
&
&
&
&
&
&
&
&
&
<fe
&
&
D.
N.
8.
D.
D.
S.
S.
D.
N.
N.
8.
O.
8.
J.
O.
J.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July
July
Mar.
1,
1,
1,
1,
1, 19.S7
1, 1949
do
do
do
do
do
do
do
do
do
do
Apr.
1,
June
Nov.
Moh.
June
June
Moh.
Moh.
June
May
May
1
Sept. 1,
Oct. 1,
Oct. 1,
Jan.
1.
1901
1901
1932
1935
1943
to Creston; total. 52 miles. Line operated from May, 1898. Projected
to Burnsville, W. Va., making in all 112 miles. Stock, $2,000,000
authorized; issued July. 1898, $426,000; par $100. President, H. C.
Jackson; Secretary and Treasurer, C. L. Williams.
&
West. RR.—See Quincy Car. & W. Ry.
Little miainl RR.— Owns Cincinnati, O., to Springfield, O., 84
noUes branch, Xenia, O.. to Dajrton, O., 16 miles leases, Columbus &
XeniaRR., Xenia, O., to Columbus, Ohio, 55 miles; Dayton & Western
RR., Dayton, O., to Indiana State Line, 38 miles Ohio State Line to
Richmond, Ind., 4m.;Cin. St. Connecting RR., 2 m,; tot. 199 mUes.
Lease.— On Dec. 1, 1869, leased to Pittsburg Cincinnati & St. Louis
(now Pittsburg Cincinnati Chicago & St. Louis) for ninety-nine years
renewable forever. The Penn. RR. Co. is a party to the contract and
guarantees its faithful execution. Rental is 8 per cent on $4,943,100
stock and interest on debt. Lessee's renoit for this road shows
net loss to lessee: In 1895, $259,044; in" 1896, $305,896; in 1897.
$230,645; in 1898, $222,225.
Stock authorized, $8,000,000.
Bonds.- In Jan., 1890, authorized $3,000,000 7s for betterments, and
$3,000,000 stock, into which the 7s are convertible.- V. 64, p. Soj.
Little Bo<k & mrmphls RR.— See Choctaw & Memphis RR
Little Schuylkill Navigation RR. & oal.— Owns from Port
Clinton to Tamanend, 2S miles: branches, 4 milts. Re-leased on Deo.
1, 1896, to Phila. & Read. Ry. for 999 years, and rental reduced Irom
7 p. c. on stock to 5 p. c, gold from Jan. 1, 1897; in Jan 1898, a dividend of 3 p. c. was paid; in July, 2ia p. c;
1899, Jan., 2^3 p. c
July, 3 p. c. Lessee pays also all taxes and $5,000 yearly for expenses.- see V. 63, p. 1159.
Long Island RR.— Operates practically all the steam surface
roads on Long Island, adjoining New York City, the system including
Litchfield Carroll.
;
,
m
Owns—
Long Island
Long Island
:
Leases—
New York
Which see.) Mileg.
& Rockaway
5
N. Y. B'klyn & Man. Beach T[.. 19
95 Gr't Neck & Port Washington. 4
Miles.
City to Greenport. 95
City to Gt. Neck.. 14
Bush wick to Sag Harbor
Sundry branches
Total
Leases
;
(H
80
Total June 30, 1898
284 Double track
owned
—
379
113
Side tracks
127
Controls earnings kept separate.
N. Y. & Rockaway Beach By. IT 14
—
Brooklyn & Jamaica RR
North Shore Branch RR
10
30
Montauk Ext. & N. Y. Bay Ext. 27
Organization.— 7/>ipro»erne>i<s- In January, 1897, control of the
stock was purchased by a syndicate (see directors, below). The new management has extensive plans for furnishing rapid transit direct from
New York City to all points east of Jamaica (covering the distance
from New York to Jamaica in twenty minutes) by means of a tunnel
to New York- V. 64, p. 83, 234, 754, 1001; V. 65, p. 512; V. 66, p. 471.
Voting Trust.— More than a majority of the stock has been deposited under a voting trust agieement dated Feb. 1, 1897. with U.
S. Mort. & Tr. Co.— V. 66, p. 520.
Dividends.- \ 1882. '83 to '90. '91. '92. '93. '94. '95. '96. None
Per cent.
4ia
4 yearly
I
\
5
5
414
4
4 since.
Bonds.—The/errj/ mortgage for $2,750,000 covers all the real and per
bona) property pertaining to the company's ferries (34th Street and
Jamef Slip); $1,250,000 bonds being reserved to retire the Metropolitan
Ferrv 58. As to debentures see page 2 of Supplement of April, 189S.
The unified mortgage (U. 8. Mortgage & Trust Co., N. Y., trustee,) is
for $45,000,000, secured by a lien upon the entire property, $28,000,000 being reserved to retire all prior liens, $8,!)00,000 for change
of motive power to electricity or other power, if deemed advisable,
$4,500,000 for other improvements, and the $4,000,0u0 remaining,
with any unused balance, for permanent betterments and improvements and additional property at not exceeding $400,000 per an
num. V. 68, p. 618.
GUARANTiES.-in addition to guaranteed bords in table above guarantees 5 p. c. on $650,000 New York Brooklyn & Manhattan Beach
preferred stock as part rental also 4ia p. o. on $50,000 P. P. & So Br
stock, and 413 p. c. on $82,500 of the N. Y.
Coney Island stock.
General Finances.— Dec. 31, '98, notes Payable, $1,411,500, agst.
$1,579,000 on June 30,'98; morts. on real estate, $291,238; equip, trust,
$150,000. The Atlantic Ave. improvements and tunnel to New York
City (see V 64, p. 469; V. 65. p. 512; V. 66, p. 471) are to be pushed to
early completion, the Long Inland <fe New York Terminal RR. having
been incorporated on June 19, 1899, with a capital stock of $7,500 000 to build the tunnel. -V. 68, p. 546, 871, 927, 1226
An agreement with the Brooklyn Rapid Transit Co. in April, 1899
provides for the operation of through trains from amaica to BrookIvn Bridge and from Rockaway Park to Broadway ferries. AU these
lines will be operated with electricity as soon as practicable;
V. 68,
;
&
.I
On May 6, 1899, the stockholders authorized a unified mortgage for
$45,000,000 to bring together all the controlled properties into the
ownership of the L. I. R. and to convert their securities Into a single security of the latter. Ofthese, $5,650,000 were issued in May 1899
to
pay the floating nebt and all real estate mortgages and eaulDment
notes; to exchange over $2,000,000 bonds for securities of various
issues outstanding, and for improvements. The refunding of the
obligationo will result in an annual saving in Interest charges of about
$24,000, ofiset by an increase of about the same amount bv bonds
ssuedforlmprovements.- V 68, p. 618, 724, 977
,
JCLY,
KAILROAD STOCKS AND BONDa
1899.]
79
Snbscrlbers will confer a ereat favor by givlns Immediate nolire of any error discovered In tbewe Table*.
KALLROAD8.
i
For explanation of column
on tlrst page
Miles
of
headlnjfs, &o., see notes
Road.
of tables.
r»frt>wt— rOon.>-MoniaukExt.KR.l9tM.,g.c*
A Rook. B , l8t M., *1,000.000, ga. p. A 1
P. P. A C. I.. 1st and 2d (*»6.000 2d») gu. p. A 1
S St
Los Angeles Terminal— lafM. (see text)
Louisiana dt Xorth west RK.— First luort. gold
La. gOHlh'n—l»t mort., g., red. at 105 after 1902.0
Long
N. Y.
21
1895
1887
10
•86-'S>l
44
1891
45
112
1895
1897
1881
....
72
I
I
.
165
I
LouisT.4 J^ei^'.Br.Co.—$.3.000,000,g.gu. p.Al.,end.c*|
iMuisfillf «C yashville Stock
Memphis A Oldo Ist M., Paris to Mem., g.,giiar. .0"
Mem.Clark8.AL.lstM.,£,Guthrieto Paris,Tenn.o-|
....
....
—
130
83
46
Cecillan Br.lstM.,Cecil.toLoui8.,8.f.,dr'natlOO.o"l
151
802
175
175
189
45
E.H. AN. IstM.. Henderson to Na8h.,g,dr'n at 110.0*1
Louis. A Nash, general M., gold, drawn at llO.o*
L. C. A Lex. 2d m. s. f. not drn, Louis.to Newp't.o*
Oeneral mort. L. C. A L.. gold (formerly S8),.o*
0ol.gold.0*j
c*
Pensacola Division Ist m.,gold (dr'n at 105)..
N O A Mob. Div. Ist M.. N.O.to Mobile, gold.o*!
to
May
1897
1899
1881
1886
1886
1887
1875
182
182
22
20
7 1880-2
353 1889
353 1893
2 1890
L. E. A St. L. oonsol. mort., gold ($8,000,000)..c*i
o*
General mortgage tor $1 5,000,000, gold
New Albanv Belt A Term. RR. 1st M. end., gold.
X<mts.H.<*.S/.t.— St'k($2,000,000ispf.59bnon-oum.)
Ist M., Si.-'iOO.OOO. gold
Latest EARNisos.-Julyl
Par
1,000
141
1896
1895
(t)
1,000
1,000
1,000
1,000
500
1,000
1,000
1,000
100
500
1,000
100
1871
$A £
1872
JB200
1877 $1,000
1879
1,000
1880
1,000
1877 100 Ac.
1881
1,000
1880
1,000
1880
1,000
1880
1. 000
31, 11 months. System,
0th. inc.
Charges.
•
Jf^et.
•
•
$1,343,821
$1,473,690
638,629
205,865
Taxes
312.800
Rentals
72,521
Interest and discount.
Dividends
Net earnings
Total net
Interest on bonds
•
$1,421,163
$1,576,817
658,411
200,973
271,160
.50,384
16,389
(2)240,000 (4) 4i- 0,000
$1,217,666
$l,3c 2,510
658,662
210,794
310,466
$1,420,696
$1,583,969
658.410
174,531
240,088
6,789
(4) 480,000
8ur$243,875 def.$137,79.'=. def.$50,116 8ur.$24,151
Balance
President (elected April, 1899). W. H. Baldwin. Jr.; Vice-Pres., C.
Pratt; Sec. and Treas.. A. C. Bedford. Directors: James Timpson>
W. G. Oakman. A. C. Bedford, J. S. Aueibach, F. G. Bourne, W. HBaldwin, Jr., C. M. Pratt, L. C. Ledyard, F. L. Bat)bott, Dumont Clarke.
M
George W. Young, August Belmont and B. Somers Hayes.— (V. 68, p618, 669, 724, •71, 927, 977, 1025, 1224. 1226./
Los Angelea Terminal Ry.— Owns 50 miles of road connecting
Los Angeles, Cal., with Pasadena, EastSanPedro.VerdugoandAltadena;
standard gauge. Completed in 1891-92. Branch 10 quarry, 1 '-smiles,
In Jan., 1899, lines to Verdugo, 8 miles, and
built in Aug., 189f
Pasadena, 8 miles, were being converted electrically. Stock authorised and outstanding, $3,000,000; par, $100. Moitgago is for ijil,500,000 on 44 miles and $20,000 per mile for additional road it covers
60 acres »f terminal lands in heart of Los Anseles and 40 acres of
water front and terminals at San Pedro, the seaport of Southern Cal.
.
;
Earning.".— Year ending June 30,1898, gross, $91,722; net, $570.
Interest, taxes, etc.. $10,757.
RR.—
Bienville toMcNeil. Ark., 78Ja
LonUlana St IVorthnvest
miles, of which Magnolia, Ark. .to McNiel, 6i^ miles, is et. Louis Southwestern trackage. Extension from Homer, La., to Magnolia (ompleted
in Jan 1899. Said to be leased for 50 years from Jan. 1,189.'^. toJ.D.
Beardsley. Glbt'land, La for interest on bonds, taxes and cost of malntanance Stock, *3,000,000 authorized; issued J«n., 1896, .$700,000,
par, $100. Trustee of bonds. People's Trust Co.. Brooklyn, N. Y.
Loalslana Nouthern Ry.— Operates from New Orleans to Belalr
Southand Shell Beach. 45 miles. A reorganization of New Orleans
ern, foreclosed Oct. 26. 1696, 20 miles. See V. 64, p. 83.
,
,
&
RR.— (A'e« Map of Southern Paci/ie.)—OwvB
Orange, Tex, 112 miles; branches (2), 35 miles
total, 147 miles. Operated under lease by Southern Pacific Co., which
owns all but $50,000 of the $3,360,000 stock. Lessee pays all charges
and gives company 7 p. c. of total net protlts under omnibus lease.
Grose, $1,245,528; net, $545,750
Eajinings.- 1 months, > 1898 9
Gross,
924,669; net, 414.662
July 1 to May 31.
S 1897-8
In year ending June 30. 1898, gross, $1,026,228; net, .$468,103
surplus over charges, $271,535; amount of net profit due this company
as per lease, $180,153. In calendar year 1896, gross, $930,701.
Loalalana Wentern
from Lafayette,
La., to
;
1
Atlantic— V. 69, p. 180.
LoalNvllle Bridge Co.-Owns bridge
5,294 feet long over Ohio
River at Louisville, Ky., and about 2 miles track additional in Louisvlllo.
Used by several railroads, Penna. RK., Loulsv. New Albany &
Chic, etc. Surplus earnings are paid back to roads using bridge.
Stock Is $1,500,000, of which Penna. RR. owned Jan. 1. 1899, $900,400. No bonds. Bills payable June .'JO, 1H98, none. Dividends In
1896, 6^1 p. c in li-97, 7 p. c; in 1898, 6 p. c: in 1899, Feb., 3 p. c.
In July, 1899, the Special Commls.sioner appointed by the Chancery
Court reported that too dividend rat*' due the minority stockholders
should be 12 per cent. See V. 69, p. 80.
Earnisos.— In year ending Dec. 31. 1898. gross, $226,P47; net»
$143,108; other Income, $29,853; charges, $59,573; dividends, $120,"
000. In 1896-97, net, $la3,656.— (V. 60, p. 1105; V. 69, i>. 80.)
Lonisvllle Evannvllle ScSt. LonU Conaolldatcd RR.—Operates Louleville, Ky., to East St. L.. III.. 275 miles; branches to Kvansvllle. Rockport, etc., in Indiana, 93 miles; also owns and operates
Venice A Carondelet, 7 miles; total, 375 miles, of which 3.^w miles
owned and 16 miles trackage; 359 miles are steel, from .^t! to 70 pounds.
Portions main line operated under trackage rights Louisville to New
Albany, 6 miles; Centralla. l^ miles; Kast St. Louis to rtt. I>ouls. 2»a
miles. The New Albanv Kelt A Term. KR. was ii\iroba.sed In 1H97 giving new terminal facilities in New Albany. Used Kentucky & Ind.
Bridge and III. Cent. RR. terminals at Louisville (since Sept. 1, 1H97.)
(V. 64, p. 423.) The Louisville A St. Loult RR., Centralla to Drivers,
III., 16 8 miles, was purchased in June, 1898, for $85.000. -V. 66, p.
:
;
p.
428.
5
5
J.
J.
g.
<fe
do
do
J.
8.
J.
N.Y.. Boodv. MoL.&Oo.
N. Y..K.Wi'nthrop<fcUo.
N.Y..H. Pac.Co.,VJ3B'r(i
A.
Louisville,
Ky.
Various
Jan.
1,
1945
Mar. 1, 1950
...„
„„^
July 1, 1921
iFeb. 15.'99.3H
1900-1901
A J. July.'96. pd. Deo. 31 ,'96 June 1, 1921
A O. Apr., '95. pd. Sep. 30, '95 Oct. 1, 1926
A O. Apr., '95, pd. Sop. 30,'95 Oct. 1, 1926
A O. Apr., '94, coup, last pd. Oct. 1, 1927
J. A D. Dec, '94, coup, last pd. June 1, 1895
Various
All paid wlien due.
1900-1902
J. A J. July, '93, coup, last pd. July 1, 1940
M. & 8. Sept., '93, coup, last pd. Mar. 1, 1943
J. A D. June,'93,ooup. last paid June 1, 19'i0
d in vot ing trust for ten years. 8eeV.62,p.l38
J. A J. N. Y. Ofllce, 71 IJ'wav.
Jan., 1946
M. A 8. N.Y., J.P. Morgan & Co. Moh. 1, 1945
F. A A N. Y.. 120 Broadway. Aug.10,-99,2%
J. A D. London and New York. June 1, 1901
F. A A.
do
do
Aug. 1, 19C2
M. A 8. N. Y., 120 Broadway,
Mch. 1, 1907
J. A D.
do
do
Deo. 1, 1919
J. A D.
do
do
June 1, 1930
A. A O.
do
do
Oct. 1, 1907
M. A N.
do
do
Nov. 1, 1931
A. A O.
do
do
Apr. 1, 1910
M. A 8.
do
do
Moh. 1, 1920
do
J. A J.
do
Jan. 1. 1930
J.
A.
A.
A.
Receivership.— On Mar. 25, 1896, George
receiver to act from
1926 1931
July 15, 1931
.1.
A
M. A
J. A
F. A
May
1.
(See V. 62.
p.
T. Jarvis
589. 726.)
was appointed
Foreclosure of
and second mortgages began in March, 1896.— (V. 62, p 502.) On
June 24, 1899, the receiver was authorized to issue $300,000 four per
cent certificates to purchase 500 coal cars, 10 be datei Oct. 1, these
first
being additional to the $599,000 68 of 1897. V. 69, p. 27.
Committees.— Co7isolidated Bondholders : Charles 8. Falrohild, 44
Wall St.. N. Y.. Chairman Secretarv. Osbom W. Bright. 44 Wall St..
N. Y. In Jan.. 1896, $3,347,000 first oonsol. 58 had been deposited.
Depositary, New Y'ork Security A Trust Co., 44 Wall Street, N. Y.—
V. 60, p. 522; V. 61, p. 559. First Mortgage Bondholders : John M.
Graham, John Stites, Alfred D. Foster; depositaries. International
Trust Co., Boston, or Fidelity Trust A Safety Vault Co., Louisville,
;
Ky.— V.
64, p. 664.
The Graham Committee commenced foreclosure
proceedings in Dec, 1897. See plans in V. 65. 1220, also V. 66. p.l34.
Second Mortgage.— Oeorge W. Norton, J F. Henry and James Vv.
Bryan; depositaries. International Trust Co., Boston, or Louisville
Trust Co.. Louisville, Ky. In April, 1897, more than two-thirds of the
seconds had been deposited. (V. 64, p. 664, 799.)
Evansville Rockport <& Eastern aommi7tee.— Depository, Fidelity Tr.
A Saf 'y Vault Co., Louisville, Ky. A majority deposited. (V. 65, p. 69.)
Capital Stock.—Common stock issued, $3,790,747; par, $100. (See
V. 56, D. 289. 413.) In January, 1897. $457,162 prefd. outstanding.
Bonds.— Illinois A St. Louis first 8s for $200,000, due June 1, 1895,
were purchased, but not having been paid interect accrues on them at
6 p. c— (V. 60, p. 967. Abstract oonsol. mort. in V. 49, p. 208.
Of the general mort. 4s, in Jan., 1894, $2,076,850 had been Issued
In exchange for preferred stock, settlement of E. & T. H. account, etc,
$577,000 were held as collateral for loans and $695,400 were in hands
of trustees to be issued for preferred stock. In Oct., 1897, N. Y. Stock
Exchange reported $2,432,000 listed. (See V. 56, p. 289, 413.)
Coupon.- See table above as to coupons paid and unpaid. N. Y.
Security A Trust Co. pays interest when ordered.
General Finances.-The receivers' report for 1895 stated that at out
$1,250,000 should be expended by the year 1904 to put the road in
proper condition. Floating debt Deo. 31, '95, $433,212. in addition to
receivers' certificates, and $842,813 unpaid coupons. (V. 62, p. 499.)
Earnings.-Jan.l to July 14 (6^, mo.), gross earnings $853,592 in
1899; $781,680 in 1898.
REPORT.-Rei)ort lor '97, in V. 66, p. 999. In '98, gross earns., $1,
566.130; net, $344,735; construction (betterments), $192,249; roiscel.,
$1,378; int. on receivers' certificates, $25,159; interest on bonds,
$180,000. In 1897, gross, $1,464,678; net. $354,558. - (V. 69, p. 27.
LoniavIIle Henderson & St. Louis Ry.— Road.— Louisville
Henderson Ky., 142 miles, of which West Pomt to Louisville, Ky.,
21 miles, is trackage owns also Irvlngton to Fordsville, Ky., 44 miles.
History.-A reorganization June 1, 1896 (per plan in V. 62, p. 138)'
to
;
of the Louisville St. Louis A Texas, sold in foreclosure.
Securities.- The stock is to be held by John J. McCook, Brayton
Ives and Oscar Fenley. for ten years, in a voting tj-ust, unless earlier
terminated by unanimous vote of trustees. See terms V. 62, p. 138.
Of the new bonds (trustee, State Trust Co., N. Y.), .S400,000 are reserved to build to Louisville. Bills payable June 30, 1897, if23,725.
Earnings.— 11 months, ) 1898-9
Gross, $479,6,54; net. $133,385
July 1 to May 31.
51897-8
Gross, 487,231; net, 115,963
For year ending June 30, 1898, gross, $525,458; net, $123,468; Interest, $105,000; taxes. $12,000; balance, surplus, .$6,468; in 1896-7,
gross, $484,793 net, $121,234. (V. 62, p. 1177; V. 63, p. 30, 76.)
:
I.oiilMvllIe Ac
1089; V. 67.
Somi-aul
4Hj
5
250,000
g.
2,240,000
6 «.
1.500,000 6 in 1898
599.000
6
None.Ilv'99
4
900.000
6
2,000,000
6 g.
670,000
6g.
300,000
6 g.
200,000
6 (8)
300,000
6
3.797,500
5 g.
2,400,850
4 g.
300,000
6 g.
4,000.000 to be hel
2,100,000
4 g.
3,000,000
52,800,000 3>flin'99
3,500,000
!«•
1,996,660
6 g.
435.000
7
l.«90,000
6
9,794,000
6 g892,000
7
4I3 g.
3.258,000
1,960,000
6g.
580,000
6g.
5,000.000
6 IT.
399 miles.
Balance.
$1,212,948 $122,069 $1,237,700 sur.$107,317
sur.
108. 36S
1.250,969
98,353
1.210,954
AJTSUAL Report.— Fiscal year ends June 30. Annual meeting Is held
the second Tuesday in April. Report for 1897-98 v\ as In V. 67, p. 685.
is charging against operating expenses many
The new management
^
'^al account.
Improvements of- a kind previously charged" to capital
1896.
1895.
1897.
Tear ending June 30-1898.
$4,333,194 $3,954,866 $3,962,799 $4,014,019
Gross earnings
2,593,323
2,541,636
2,737,200
Operating expenses.. 2,989,373
Gross.
11 mos.
1898-^.. $4,464,594
1897-8.... 4.202.157
I
t
1,500.000
125,000
500
Rate per
Outstanding
$600,000
984,000
436,000
1,000
INTEREST OR DIVIDENDS.
JBo>K<*— PrinciWben Where Payable, and by pal, When Due.
Cent,
Payable
Whom.
81'ki-ljtixtDlv.
5 g. .1. A J. N. Y., U. S. Mort. ATr.l Jan. 1, 1945
5 g. M. A 8.!
do
do
Sept. 1, 1927
Amount
$1,000
1.000
1,000
100
|
L.4Na«h.bd8.,S.AN.Ala.RR.,2dm. a8
Size, or
of
Bonds Value.
,
o*
Lmiutiana TTM/erH—lst mortgage, gold
Louisrille Bridge Co.— Stock
Lnuisv. Evan, it St. Louis (7o>i-soi.— Receivers' certs
Receivers- certs., issue of 1399, $300,000
J
iBt mort. E. R. A E
-.--O
let mortgage, gold
2d mort.. with voting power, gold, unaasented.o"
Hunt. Tell. City A C. RR. Ist M., gold {see text)o"
Illinois A St. Louis 1st M. (matured -see text). ..
Ven.ACar. 1st .Ms., due Dec, 1900 AApr.l, 1902.0''
Date
LonlHvllIc Sc JcfTcrMonvlIle Brldue Co.— One-half mile long
and the approaches one mile; openeil for all buslnes'* Jan. 1, 1896. The
company also owns about 40 acres of land in Louisville and 100 acres
in Jefl'ersonvllle. The Big Four and Chesapeake A Ohio use the
$1,425,000; par, $100. No divs. to July, 1898.
of 1895 Is for $5,000,000 (trustee U. 8. Trust
Co. of N. Y. and UnlouTruBt Co.of Indlanai)ollH); bonds for $2,000,000
are reserved for future construction, etc.; the bonds are guarantt^ed by
the Chesapeake A Ohio and Cleveland C. C. A St. L. roads. In whose Interest the entire stock Is owned. See V. 61, p. 559. In July, 1898,
earnings sulllced to meet both expenses and charges. (V. 62, p. 84.)
brldsre.
Capital stock
is
Bonds.- The mortgage
RR.—
l,onl«vllle Sc Naaiivllle
(iSee Jfap.)— Road.— Operates main
line from Cincinnati. O.. to New Orleans, La., 921 miles, with brancbea
to Bt. Louis, Mo., Memphis, Tenn.. etc, 1.064 miles, making total system proper June 30, 18!»8, 2,988 miles. The system ln< ludes
:
Lims owned
absolnlrlu or
through entire capital slock. Miles.
Louisville to Nashville
185
Sundry other
llu(!«
Lines leased,
2,453
<tc.
liNashville A Decatur
ilSouth A North Ala. RR
Other lines
Total system proper
(H See this company.)
119
182
49
MUes.
Reported separately
elu.
TINaihvllle l-lor. A 8heffleld....l07
1; Nashville Chatt. A St. Louis.. 004
i;Hender»r)n Bridge
10
615
Tideorgia Kiillroau Hystem
Operaf<'d for other co's
79
Owned but leased to other co's. 70
Do. Paducah
A
254
.Mem. DIv
2,988
Total of
all
June 30,
'98.
.
5,037
[
so
INVEISTOaS'
SUPPLEMENT.
[Vol. LXIX.
JrLY,
ijAlLROAD STOCKS
1899. J
Subscrlberw will confer a great fkTor
bjr
BOWDb.
AJN1>
81
elvlne Immediate notice of any error discovered In
tlie«e
—
I
,
I
I
'
For explanation of column headings, <&o.,
on tirst paiLte of tables.
LouixriUe it S'ashritte—fC'oiiciitded)—
N. O. & Mob. Div. 2d M., N. O. to Mobile,
southeast * St. L. Div. IstMort., «old
&
2d M., gold, Ea.^t St. I,, to Evau.'^ville
let M. (50-vear .58), $15,000 p.m., cold
i?...'o
141
c*
208
208
118
br..o"
o''
let mort., collateral trust ($7,000,000) Kold....c*
Unified mortiTiisfe for $75,000,000, nold-.-.c**! Te.xt.
Coll. trust, $12,500,000, call at par in 5 yrs.. g.c*
Bt. lK)uis property, 1st mort., «old, $t).">0,000. .c
Louisville Rv. Transfer 1st luortfjaijo
179
L. & N. ttud Mob. & Mont. joint bds..lst M., (jf.Ce.o*
IGO
Pens.vtAt. 1st M..irold.s.f.,dr'u at 1 lOiissumod.c*
.
Kentucky C'eutral— Mavsville & Le.x. RR. mort...
ITIp.o*
New mortirasre ($7,000,000) ifold
8o.& No.Ala.,lst M.. s.f.. not dr'n, jruar. by LAN.
2d M., gold, s.f., $-2,000.000, (owucd by L.&N.)
Oonsol. uiort»:a>re (for $10,000,000), c. xuar.c*
49
220
189
189
189
X(t>hFille Termiii'(—Ut M. $2,000,000
Reutul pays 5 per cent. .
l/yketis Vallfif—i^tovk.
Maeoti. ct liirmini/.—l&X M., $,'>00,000, !,'old...OBc
LwtisvilU
<t
'
18
o*
Ist oonsol. mort., / ($2t>!),.=i00 .5s)
0'
s ($2,SJ4,()00 4s)
t9.0(Xl.00O
Desert
Branch
c
Collateral trust bouds tor Mt.
BtnkinK td. l(.V20s, gold, old Us. o.\t. Feb. l.'95..c
—
I
304
41
Iaipn)vementbonds,"A" and"B."
jfold. not mort.
No. .\m. refuudiui; mort., jfold...
O^'dens. stock (2 p. c. rental, 999 years)
*
rortlantl
)st
Port.vt Oird.,
I
'on.
o
ena.)..c.t
.M.$20,000 p.m. ttfu. by
are pledged to secure oollat'l
a Also $14,000,000
1895
1881
1876
1887
187i
1880
1886
1898
1,000
1,000
'94-'98
'99.
Is
now
V. 63, p. lOiO.
limited to $3,258,000.
Montgomery— Louisville
Naxhville joint mortgage Is for
t5,000.(JO0, a Urst lien on 178 »i2 miles Mobile to Montgomery; $1,000,000 reserved for Improvements. V. 61 p. 196, 750.
rf
dt
,
Kenlueky Central mortgage abstract V. 45, p. 372.
Pentnrola <t Atlantic first mortgage bonds (assumed) are gra-iually
beiUM called for the sinking fund at lO: 011 June 30, 18!»8. .$775,266
were held In the treasury, making total out.stauding .$2,753,000.
St. Louin lenninul pnt/teriy bonds lover freight tenuinals.
The eolialeral irhst bonda of 1S98 (see below) are secured by deposit
with the U. 8. Trust ct., as mortgage trustee, of $l4,000,Oob L. <fc N.
anifled 4s and $-1,000,000 L. A N. Paducah & Mempliis division bonds,
the latter covering the road from Paducah. Ky., to .Memphis, Tenn..
254 miles. The loan is limited to $12,500,000, and is subject to call at
19t 3.
(V. 66, j.. 337; V. 68, p. 87.)
par on ai.il after Ai>ril
1
1
1
,
OUARANTIKS.- Besldestmnd.^ In table, the I.rf)ulsv. ANashv. is responsible for .$2,100,(K)0bond8 and dividends on $2,.305,.';82 stock of Nashville
A Decatur (which see); and for $2,096,000 Nashville Kloreuce A
Shemeld lionds.
OliWKRVi. FINANCKS.— In Febniary.
'98,
the
company
sold, in order
to provide for the floating debt, the p»>mentor the consols due April,
ISB"* ($7,07O,0<»o), and to reiml>ur.-e ihe i-omiiany for the piin-liase of
Memphis Division, an Issue of $12,500,000 coll. trust
the Paducah
bonds, due in 20 years but subject to call on or after Ajtril 1. 1903,
dererrini,' sale of L. A N. 4s f«)r Ix-tier prices. V. (>7, i>. 7-12. This
lran>»clion reduced interest idiarges (liK^liid. int. on tloaflng debt)
about i!i20O,O0<) jesriy. A« a recult of refunding tliere was on lirr,. 31.
1898,110 Hoatiug debt, a cash surplus of about .1(^,000,000 mid stocks
and lH)udn In IreaMury worth $H,0()0,000 to $10,000,1,00. (V. (i>i, p.
Since July 1. 1894, the '•construction ao
i, !>. 8.>.)
337, 574: V. 68,
count" has been close<l, anil in Ilie four .\ears (iiiling June ;{0. 1 s98.
charged
to operatingexp. for iiormanent iiiiprove^i,\0'i.'\i7 hart been
menta. In Feb., 1899. dlvblends re-iin ed (Feb. Ii9';„i. V. 68, p. 85.
In Auk., 1899, z p. v. was paid. V. 69. p. 130.
In 1897 and 1898 the company refundf d at a lower rate of Interest
about #10,000,000 of 7 per cent bonds.
&
On May
26.
acquired the 25
cash.
V.
ttH, p.
lHj<9, the Louisville <Ic
inlles of the Hlrmtuifhani
J.
do
O.
S. St.
31.
1
1
mos.
i
l'«9S-9..(iro.s,
>
1897-8.. (iross,
.+
21, 571, 192; net, $7,24«,''ie
20.1 16,2»3; net. 6.55ri.5!r)
1,
1,
1,
Mch.
do
do
Sept.
do
do
N. London, Baring ('o.,L'd
O. N.Y., Office, 120 B' way.
A. N.Y..OIllce,
Nov.
July
Apr.
May
N. Y., 120 Broadway.
J.
J.
May
1,
1,
1.
1,
Broadway.
do
do
S.
A.
Jan.
Moh.
Mch.
Louis, St. L. Tr. Co.
N. Y., 120
N.
A
F.
do
do
do
do
do
do
Aug.
Jan.
July
1,
1,
1,
1.
1,
1.
May
1.
Apr.
1,
llOB'way. Aug.
4
1
1,
1930
1921
1980
1937
1931
1940
191K
1916
1901
194.^
19il
1900
1987
1903
1910
1936
948
S. Y., Onice, 13 Wm. 8t July,''99,114%
Boston, Old Colony Tr July 1. 1946
Portand. Mc, Office
Q.-J.
J'lyl, 99,1 !«%
6 g. A. & O.' ) Boston, Nat'l 81iawOct. 1, 1900
5 .fe 7
A. A O. [ niut Bank A Port
Apr. 1, 1912
4&414
A O. > land.
Apr. 1, 1912
5
A D. Bust., Am.L.&Tr.; Port June 1, 1923
Portland
Co.,
Port.
4*3 g,
A A.
Tr.
Feb. 1. 190.5
4»3 g.
A J. Bost., N.Rev. Bk.; Port. July, 1916-17
4 g.
A J.I Bo.ston and Poitlanft. Jan. 1, 1933
2
Q.— F. Portland, Me. Cent. Of. Aug., •99, 1^2%
6 g. J. A J. Bost., N.Rev.Bk.iV Port July 1, 1900
M. A N. Bos., N. Rev. Bk. & Bos. Nov. 1, 1908
5
OOOwere in the tr easury June 30, 1898.
600,000 5 In 1898
.> 00,000
5 K.
4,:t76,800 6
1898
I
N.
N.
m
H,500
4.1M3,500
Q.-J.
A
J.
J.
1
4,34v»,000
669,000
(iOO.OOO
1,000,000
AN.vuAL Rkpokt.— Annual meeting is held in L<misville the first WedReport for 1897-98 at length in V. 67, p. 731, 738.
Preliniiuary statement for lt-98-9 was lu V. 69, p. 127.
Year end. J inie 30. 1899
1898
1897.
1896.
Average mileage
2,998
2,981
2,965
freight earnings >
( $1.'). 8.54, 802 $14,641,263 $14,324,906
nesilay in October.
>-$23,'03,191
Passenger-s
Mail,exi>refls,etc)
4,291,735
1,439,309
4.5.57,729
l,584,12.i
-^
(
4,666,751
1,399,0.54
Oro.ss earnings... $23.703.1 91
$21,996,653 $20,372,.307 .$20,.390,71
$8,000.6'5 $7,074,922 $6,523,090 $6,885,505
Net, Lucl. invs'ts., &o. S.=«32.920
7,665,698
6,9.50,154
7,319,877
Taxes paid
()40,'252
7 4,300
589,516
579,961
Interest and rent
4,970,904 4,972,592
4,981,993
4,983,096
OeorgiaRR. detlcit...
162.()20
50,0,0
25,440
37,870
Loss ou other roads
12,480
49,975
89,989
Ailv'stoS &N. A.,etc.
92,868
82,847
129,387
()4,910
Sinking fund paym'ts
127,170
162,008
194,663
186,547
Dividends
l,848,0oO
(3>«)
Net earnings
Surp. over dividends.
$709.678$1,632,901
$979,180 $1,3'77,504
-(V. 68, p. 524,57^,722,774, 938, 1078; V. 69, p. 127, 130.)
limiiNTille Sc Nn«l»ville TcriuIiiHl.— In 1898 had under con
struction a large depot and terminal property at Naslivillo The expenditures will be represented by bouds secured by a lease of the termiual lu'operty .jointly to the Na-^hville Chattanooga & St. Louis Ry. and
Louisville A Nashville RR. It was expected to issue $2,000,000 of 4
per cent bond.s.
V. 67,
Loiiisv. IVcw
320, 742.
p.
Albany &
LykeiiM Valley
RR.
«;hic.— See Ciiic.xgo
I.nd.
& Louisv.
Coal Co.— Owns from
Millersburg, Pa., to
WilllaiMstown, Pa., 20 miles; branch, 1 mile. New lease to Northern
Central made April 20, 1896, terminable on 60 days' notice by either
party. Rent&l $35,000 per annum.— see V. 64, p. 330.
iTIacoii Ac Kiriiiliiu;liain Ky.— Owns Sofkoe Junction to La
Orange, Ga., 97 miles. A reorcmization of Macon A Birmingham
Railroad sold in foreclosure Dec. 27, 1895.
Earxi.nos.-11 months. > 189«-9
Gross, $'9,318
def. $4.»76
Gross, 62,259; def. 11.131
July 1 to May 31.
U897-8
In year 1897-9.1, gross, $65,130; deficit under operating, $12,8t'2. In
1896-97, gross, $61,970.— (V. 62, p. 1040.)
&.
;
:viacoii Dublin &, Kavaiiiiali RR.— Owns road completed from
Macoii to Dublin, 54 uiiltrs; projected to Savannah, 99 miles additional.
Owued bv the Illinois A: (ieorgia Imiirovemeut Co. of Chicago. V. (iO, p
711.794,873. Bills pavab June 30, 1> 97, $30,079. In vearendiug
June 30,1898, gross. $60,159, ti. f. under operating, $1,309; other
Income. $199; total deductions, $3,424; bal., def.. $4,534. In 1896-7
gross, $64,278. Stock $1,250,000; par,$100; uobouds.- (V. 60, p. 1058.)
:Tiaiiie Central RR.— Line of road, Portland to Vancei)oro, Mo., via
Augusta, 251 miles; branches, Cumberland Junction to Skowhegan,
91 miles; Bath to Lewiston and Farmin.gtou, 7(5 miles; branches
Belfast, Dext«r, Bucksport and Mt. Desert Ferry (7^3 miles), 132 miles;
Portland* Ogdensburg RR., Portland, Me., to Lunenberg, I 10 miles
small branches, 6 miles; Upper (^oos and Hereford railways, Lunenberg,
N. H., to Lime Ridge, Ciuebec, 108 miles; Hath to Roi-kliind (including
steam ferry, (MO miles,) 49 miles; total, 823 miles, of which 345 miles
owned, 437 miles operated under 999 year leases, and i>ractically
owneil; 33 miles operated under 50- year leases and 8 miles ferry lines.
ST(m:k.— Stock for.$2,5 16,000 owned by Bo.ston A .Maine. V.«6, p.6l6.
DiviiiKNDS— )
1882.
1883.
1884 to July, 1899,
Percent
2
6 yearly
S^a
s
B>)Ni>s. (iiTARANTiK.s.— Consols of 1872 are held in trust to retire
;
$496,.500 6s due Oct.
1,
1900.
V. 67, p. 59.
There were alsoonJiine 1, 1899, $81,000 Shore Line 6s. due 1922;
also $130,500 Belfast A Moosehead Lake mortt;age nonds. doe 1920,
not ifiiarmiteed. Interest and sinkini; fund paiil out of the rental.
Jolntlv with B. A M. guarantees $300,000 Port. Union Station bonds.
Dkht.— .Notes payable, .$500,000
Fi.oATiso
.lune
I.
1H99. aifalnst
$763,000 June f, I8!i8. The' proposed runding of tlie lloaUiiK deb
was deferred pending Improved iuisiuess conditions.
Annual Rkpokt. — Fiscal vear ends June 30. Annual lueetliig 3d
We<lnesday iu October. Report for IH97 98 lu V. t>7. \>. ^irH^.
IS9ti.
189^^.
1897.
Yeiir^ ending J line 30—
$-l,758,»0l
$4,985,318
(Jross earnings
$4,898,036
1,615, H66
1,612,467
1,647.436
Net earnlnt.M
51,860
tJ3,OlO
52,147
Other Income
t
Net Income..-.
Interest
$1,710,476
$633,907
li4H,l2l
298,5'27
2 -,440
Rents
Dividends
Sinking fund
774, 1O70.
EAH'^tNOS.— For
eiidlngMay
Nashville and Southern Ry.
Southern RR. for $1 ,loo.o<>0
A
g.
450,000
i",oo6
;
Mobile
&
N.
!S4,33O.000
L.
J.
g.
do
do
do
do
do
8.
8.
itc
.1.
il)
None.
5
4
4
3^2
Per i-*-u[. S 3 None. 5stk. ostk. 6
In 1890 of the 6 p. o. paid there was 49io in stock.
B'>.NDS.— The Eritiis'v. Hrnder. rf yntthn. b(mds are drawn at 1101»y lot
annually in ()ct(>!>er. for i>aymeut Deo. 1 in amounts increasintr each
iu 1897, $40,000.
flye years until $150,000 per year is tlnallv reached
The Peiutncota Dicision bouds are subject to a drawing sinking fuuo
fS.OOO till 1900, Inclusive, then .iilO.OOO, and .so Increasunr.
The general mortgage hnuiU nf 1880 are subject to call at 110 in inoreacuuif amounts each year; .*251.000 ;;eu. mort. Imnds will he redeemed J uue 1, 1898; also .$.55,OuO Cecilia Branch bouds. V. 68, p. 572.
In June, 1890, the "unified" mortguge (trustee. Central Trust Company) for $75,000,000 was autliorized, .$41,917,660 bonds being reserveid to retire all prior liens (none of the prior liens caa be extended),
the balance for impnivements, e-xtensious (at the rate of .$32,000 per
mile, including equipment), antl for other purposes. The mortgage covers (besides 1,232 miles of road and its equipment) $25,992,535 stock
of companies controlled, and .$3,150,000 bonds free from an.\ lien. See
abstract of raortgaife in V. 51, p. 613. On Juno 30, 1898, company reported $31,647,000 i.s.sued, of which $2.65 (.000 in the treasury. Total
Ueted on N. Y. Stock Exchange $14,994,000 in Oct., 1898.
Of Lo'iinville Cincinnuti <t Lexington general mortgage bonds'
Issue
4>a g.
100
4,39^,53-4
1870 500 etc.
'^00,000
1888
1,000
1.319.000
rustt bonds of 1898 and .$i,653.
'93.
A
&
A
&
6g. M.
100
1870 500 &o.
1872 100 &o.
1872 100 &o.
1883
1,000
1885
1,000
1893
F.
4
20
189'6
A
N. Y., 120 Broadway,
J.
&
M.
M.
£733,600
&
'92.
A.
M.
2,7r.3,000
$1,000 Own.
&
A
A
A
&
A
A
J.
£200
For Henderson Bridge see Miscellaneous Companies.
**TocK.— In July, 1891, it was voted to increase the stock from $48,(K>0,000 to fi55,000,000 for purchase of Kent. Cent. RR., <feo. Of the new
stock $4,800,000 was taken by stockholders of July 21 at .70, and
July 1, 1898. $2,200,000 was held in the treasury. Further increase
In stock to $60,000,000 authorized In Nov., 1893.- V. 57, p. 596, 809.
'91.
4
400,000
6,742,000
&
'82. •83-'87. '88. '89. '90.
5
4,000,000
directly to the Louisville & Nashville Co. A list of the secuhties owned
ftnd in the sinking fund June 30. 1H96, was in V. 63, p. 658. «Tei)rk!ta
RR. (see Gei^rsia RR. A Banking Co.) was leased in 18S1 j()iuil.> to
N.. but in Apr., 189!^, it was hehi that the
Central of (ieor.i;ia and L.
L. & N. had acquireii all rijiht-. uuder the lease— see V 6-<, p. 722.
leases terminal
St. L.
rer«ii>t«/.<.—Jointly with Nashv. Chat.
Nashville Terminal
property in Nashville (belonging to Louisville
Co.) for 99 years from l'«97. (V. 05, p. 278.) Contract for now station
was let in July, lt«98. V. 67, p. 222, 329, 742.
)
M.
M.
M.
M.
g.
g.
g.
g.
g.
1,000
1,000
1,000
1,000
OKGANiz.vTioN. tt«\— This company was chartered March 2, 1850, and
opened ))etween LouisAllle and Nashville November, 1859. Tne ilabilltlea tor interest ou the auxiliary roads are treated mostly as belontfing
Dividends
J.
o
3
5
2S(!,000
The line of -10 miles lu'tween Pineapple and Rejitou, Ala., under conatructiou in Mircli, 1-99, will luruish a dire.-t route from Selma to
Pensacola.— V. 68, p. 524.
&
fig-
)
1886-7
56
109
62
107
.V
mortgage, gold, interest guaranteed
1880 $1,000 $1,000,000
1881
1.000
3,500,000
1881
3,000,000
1,000
1887
i,7i;t,ooo
1,000
1888
5,129,000
1 ,000
1890 l,000Ac al4,994,0U0
S98
12,500,000
1 ,000
1891
617,000
1,000
21
97
Maiti« CpMfraf— Stock and scrip
Exten.'iion 1st M., ifold, Cumberl. June, to Dan..c
Me. Out. Eu.
Table*.
Bonds— PnntiINTEREST OR DIVIDENDS
„ .
.,.,
Miles Date Slzo.or
pal.WTien Due.
A,„oii„t
see notes
of
When
of
Par
per
Where
Payable and by fiiock»- Last
nM.lf. ,Vi.,.u.'l^»t«
Roail. Bonds Value. :0»'»f'""l»"K!
cent.
Payable
WTioni.
Dividend.
RAILROADS.
Kiilaii. e.
-(V. 65.
p.
surplu-.
S'il
;
V. H«, p.
$100,481
472,616:
$1,664,614
$6i7.0«!0
6.50,4HO
'^98,024
5H.5'M)
V. 67, p. 29.
«Mt
$1. 667,726
*': :-.M34
.16
JJ-..")24
»HI.<|.V>
4
r
>
,
INVESTORS'. SUPPLEMENT.
89
[Vol. lxIX.
Immediate notice of any error discovered In tbese Tables.
Bonds— PrlnolINTEREST OR DIVIDENDS.
Date Size, or
paljWhen Due.
Amount
Par
of
Outstanding Rate per When Where Payable, and by Stocks—litkBt
KiibMrrlberd will confer a sreat favor by giving
RAILROADS.
Miles
For explanation of column headings,
on tlrst page of tables.
Central —
i&o.,
see notes
of
Road. Bonds Value.
Maine
( Conrhided
European A N. Am. stock, 5 p. o. rental 999 years
Dexter A Piscataquis stock 5 p.o. rental 999 years.
1st M., Dexter to Dovei, etc., guar, by end
Hereford R'y stock (4 p.o. rental for 999 years)..
Ist mortgage, guar. p. A 1. (endorsed)
Upper Coos RR. stock, 6 p. o. rental 999 years.
1st mort., guar. p. A 1. (endorsed)
Extension M., $21,000 p. m., guar. p.* i.(end.).
Knox &. Lincoln stock, guar., 5 p. c, 999 years...
Ist M. Penobscot Shore Line RR. Co., assumed.
114
17
17
53
53
22
22
33
48
48
48
K. & L. 2d mortgage (for $400,000) assumed...
14
Dexter & Newport, stock, 5 p. c. after Nov. 25, '98.
14
1st M. (old 68 refuud. in 1S97) gu. p. & i. end.*
Eastern Maine, stock, 4>« p. ct., rental 999 j-ears
18
Manchester dt Augusta— See Atlantic Coast Line Co. OF
Mattchcs. a Lair.— 8tock,10p.c.ren'l till 1937.B.&M.
22
Real estate bonds (not mort.) int. gu. by B.A M-c
"36
Manhattan Elevated.— ConsoL stock, $48,000,000..
18
Metropol. El. 1st M., $600,000 p.m., assum'd.g.o*
18
2d mortgage (assumed)
c*
32
N. Y. El. dell., secured by oonsol. mort. of 1890..
32
Manhattan Elevated oonsol. mort., gold, o'and r.
43
Mart, (t Phoenix <t Suit Kiv. fal.RR.-U., gold, F.c
itcuon City it Fort Z>orfflre—l8tm. $15,000 p. mile, g.
92
Mexican "Ce"fra<— Stock, $25,600 per mile
1st mortgage (unassented) and serin
....
Consol. mortgage, $32,000 per mile, gold
c*&r 1,949
Ist cons. inc. and scrip,non-ciuu.($9,600p.m.),g.c* 1,949
• * >
1889
a >«
$100
100
1.000
100
1890
1,000
1890
1890
1,000
1,000
1890
1891
1,000
1,000
100
100
100
'
1897
"ido
100
,
1892
1,000
100
£ & $
Augusta KK.—
ITIancbester& Lawrence RR.— Owns fromManchester.N. H.,to
MethHen (State Line), 22 14 miles. Leased for 50 years from September
1, 1887, to Boston & Maine at a rental paying 10 per cent dividends.
See Atlantic Coast Line RR.of S.C-
jnanclieutcr d:
ct. was paid on the capital stock out
received from C. & M. suit. (V. 62, p. 869.)
Rlautaattan Rjr. (Elevated).— Road- Owns all the elevated railroads in N. Y. City, main track, 32 miles; also Suburban R.T.RR.,3% m.
History, Etc.— Formed Nov. 24, 1875.
Stock.- Increased in March, 1899, from $30,000,000 to $48,000,000
to meet cost of electrical equipment, improvements, etc.— V. 68, p. 2^2,
282, 3S0, 428, 617.
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 exten.sions
at the rate of $300,000 per mile of single and $600,000 per mile of
double track. (See abstract of mortgage in V. 51, p. 248, and application to New York Stock Exchange in V. 52, p. 353.) Of the consols
the company itself in Dec, 1897, held $300,000 against "special account" and 'P50,000 consols to redeem convertible certiticates. Under
suiipleiiiental mortgage tiled in July, 1899, bonds may be Issued in
registered form.— V. 69, p. 131.
General FiNANCES.-See V. 68, p. 232, 282. To May, 1898, claims
aggregating .$8,847,854 had been paid by the company as damages to
abutting property and other cases were before the courts. See Chronicle, V. 66. p. 954, and V. 67, p. 789. As to personal property tax
assessment, see V. 66, p. 954; V. 67, p. 222, and V. 68, p. 1282.
Dec. 31, 1898, loans payable aggregated $2,230,000, against $605.000 In 1897; funded debt (unclianged In vear), $39,546,000; taxes
In litigation, $1,164,259— see offsets, Sept. 30, 1898, in balance sheet
V. 67, p. 1053.
Of the proceeds of the $18.000,00o increased stock
$6,000,000had, in July, 1899, been used to pay the old right of way
judgments.— V. 6 p. i31.
ihe electiical equipment of the system. It was expected in Apr.,
1899, would be completely effected in 18 months and on a section of
the railway much sooner. V. 68, p. 772. The new method of operation is expected to Increase the efficiency and economy of the service
and net earnings of the system and nlace the stock, as increased to
$48,000,000, upon a 5 per cent basis. See "stock " above. Has traffic
agreement (since April i:9, 1899), with Third Avenue RR. system providing for transfers to and from both lines.- V. 68, p. 672.
In July, 1899, location for power house had been secured at 74th St.
aad East River, and contracts let for power house.—V. 69, p. 27, 131.
In June, 1895, a dividend of 50 p
money
—
,
Dividends.Since '83. P.Ct.
In 1899, Jan.,
)
'84.
'86. '87. '88.
'8.5.
^3
'89.
'90.
'91-96. '97. '98. '99.
6
6
6 5 See below. G yrly. 4^2 4 Below
1 p. c; Apr., 1 p. c
July, 1 p. c. In 1889 1 in cash and
in
scrip;
412
in 1890,
cash and l^s scrip.
4Hs
Latest Earnings.— 9 months to March 31:
;
Gross.
Xet.
0th. inc. Int., taxes, etc
9 nio-.
Balance.
1898-9. .$6,488,023 $2,570,007 $143,:100 $2,014,657 sur. $698,650
1897-8.. 6,966.717
3,012.389 147,917
2,021,011 sur. 1,139,295
Annual Report— Annual meeting is aeld the second Wednesday in
November. Report for year 1897-98 was given in V. 67, p. 368.
Year ending June ZO—
1898.
1897.
1896.
Gross earnings
$9,183,541
$9,163,742
$9,256,931
Wet over operating exp
3,856,885
3,861,391
3,725,974
Other income
211,716
180,276
232,521
Interest, rentals and taxes
2,645,323
2,707,016
2,840,398
Dividends
1,200,000
1,500,000
1,800,000
Balance after dividends... 8ur.$223,275 def.$165,348 deL$681,903
Yr.8ep.30. Passengers. Earnings. Yr.8ep.30. Passengers. Earnings.
1892-93.. 219,621,017 $11,137,051 1895-96.. 182,437,244 $9,352,115
1893-94. .196,159,323 10,138,143 1890-97.. 183,184,641
9,359 732
1894-95. .188,072,645
9,745,927 1897-98.. 17 9,728.356
9,204.466
-(V. 68, p. 618, 672, 772, 872, 977, 1182; V. 69, p. 27, 131.
Manitoba <k ^ .*rtb wcnteru Ry.—V. 68, p. 1182, 1226.
ITIarletta dc Nortli Ga. Ry.— See Atlanta Knoxville
North
I
|
I
I
&
ITIarlcopa
&:
to PhfKnlx. Ariz,
consolidation in
Phoenix
36 miles
:
Ac
Salt
Tempe
River Valley
Tempe
5
5
4
RR.— Maricopa
ii miles. A
Phcenix RK. and
A.
J.
J.
1.
1,000,000
274,000
47,897,108
10,818,000
4,000,000
1,000,000
24,065,000
a750 000
1,380,000
47,940,100
382.012
59,511,000
17,334,600
J."&
'(7)'
4g-
&
J.
J.
Boston, SafeDep. &Tr. Co July 1, 1911
do
do
July 10 Boston, when earned.
J.
11,2.53,000
&
418,200
900.000
3
5
July 1
A.
g.
&
0. 01.CoLT.Co.,Bos.&Lon
July
1,
1911
Jan. 10. 1939
Jan. 10, 1939
July
Apr.
1,
1,
1911
1917
P. 6s.
*828.000.
Mil.
& St.
President,
The report that th« road had been acquired bv the Chic.
Paul was otticiHlly denied in May. 1899.— V.'68. p. 977.
W.
C.
Tooney
of St. Paul.— V. 68, p. 977.
mempbls & Charl.— In 1898 purchased by South. Ry.— V.69, p. 80,
Tunnel RR. of New York.— V. 69, p. 180.
inetropolliti
ITIexlcan Central Ry. Limited (ITIexico).— ('/See ^ap.)— Mileage
line Mexico City north to Juarez City, 1,224 miles, 407 miles
on Tampico Division, 12 miles on Guanajuato Branch, 1(31 miles on
Guadalajara Division, 55 miles on Ameca Ext., 44 miles on Paohuca
Division, Bar extension 6 miles, 40 miles on Laguna Ext. and other
branches 7 miles; extension fromJimlnez to Parral, 54 miles, opened
in November 1898.— V. 66, p. 905. Total Dec. 31, 1898, 2,010 miles.
All 56-pound steel.
Organization.— Incorporated February 25, 1880, under the general
law of Massachusetts, and also holds a charter from the Mexican Gov-
—Main
Debt readjusted in 1889— see V. 48. p. 191, 292, 327. See
Mexican Central Ry. Securities Co., Limited, below.
StTBSiDT.- Jan. 1, 1899, there was left of the subsidy in trust $2,141, 148, to be used whenever necessary for the payment "f principal and
interest of the consolidated mortgage bonds, .f 477,9 17, having been so
used in 1898. Of the $3,000,000 of Mexican Government bonds receivable under Tampico Harbor concession for a dspth of 22 feet,
$2,790,000 (in Mexican Government 6 per cent bonds) had been received in April, 1895, corresponding to a depth of 20 feet, and these
were exchanged in 1895 lor $2,934,600 of 5 p. c. Government bonds.
Bonds.— Of the priority bonds $1,403,000 were paid off with proceeds
ernment.
also
AprU 10, 1891; the balance,
held as an investment by the trustee of the consolidated mortgage. See V. 52, p. 390. The consol. mort., 4 p. c, (trustee,
Boston Safe Deposit & Trust Co.) covers the entire property,all old firsts
deposited, and the subsidy earned and to be earned. (See abstract of
of subsidy collections, interest ceasing
$5,597,000,
mortgage
in
is
Chronicle, V. 49,
p.
177.)
In June, 1899. in addition to the $59,51 1 ,000 consol. 48 .shown above
$4,618,000 had been certified bythe trnstee, of whi h $4.54,000 held
for exchanges. $i.,3o0,000 as collateral for equipment bonds, )>1,000,
000 purchased by trustee under subsidy trust fund and $1,814,000
Issued to and owned by the company.- V. 68, p. 1182 Both series of
incomes are non-cum. and secured Dy one indenture to the American
L. «& T. Co. First Incomes received 3 per cent interest July, 1890, 1891
and 1892, respectively none since.
Equipment bonds for $1,000,000 (issued in 1897) are secured by a
mortgage on the equipment purchased and the deposit in trust of
$1,500,000 general 48. The company is to pay 5 p.c. of loan annually
a proportional amount of fours being released. V. 64, p. 843.
General Finances.- On Dec. 31, 1898, notes outstanding were
$1,100,000, as against $1,665,000 on Jan. 1, 1898; interest due
and accrued, $1,226,075; accounts payable, $7^5, 87. Notes and accounts receivable Jan. 1, 1899, $584,796 (same Jan. 1, 1898, having
been $1,250,279); cash on hand, $1,207,206. Tampico Harbor Co.
l)ond8 of 1894 costing $1,923,938 (all owned by and in the treasury of
;
—
the Mexican Central) are guaranteed.— (V. 62, p. 869.)
Earnings.-Mexican cur. ) 1899.. Gross, $6,120,994; net, $2,00«,317
Jan. 1 to May 31 (5 mos.) 5 1898. .Gross, 5,635,037; net, 1,778,978
ANNUAL Report— Fiscal year ends Dec. 31. Report for 1898 was
given at length in V. 68, p. 868, 874; see also editorial, p. 851. The
gross earnings below are Mexican currency; all other figures U. 8.
currency. The company received for its Mexican dollars an average of
46-59 cents in 1898, 48-24 in 1897, 53-17 in 1896, 5295 in 1 895.
income ACCOUNT (U. 8. CURRENCY EXCEPT AS INDICATED).
Tear ending Dec. 3\—
1898.
1897.
1896.
1895.
Av'ge miles operated
1,956
1.956
1,869
1,860
Gross earns.. Mex.cur.$13,588,966 $12,845,819 $10,208,020 $9,495,866
Net earns. Mex cur... $4,427,534 $4,016,318 $3,463,747 $3,890,475
Do do in U. S. cur. 2,062,805
1,937.483
1,841.515 2,063,157
Subsidy acc't in U.S.cui477,947
•811,229
300,000
275,000
Miscell. inU. 3. cur....
142,858
97,037
155,941
186,472
Total net income.. $2,683, 610
Interest
on bonds....
Miscellaneous
$2,378,600
238,052
$2,845,879 $2,297,456 $2,524,629
$2,378,600 $2,320,533 $2,306,600
194,867
159,934
208,281
to .Mesa, 7 miles; total,
Dec, 1S95, of the Maricopa &
Mesa Ky. Htook, $ .000,000; par, $100; all outstanding. Bonds have a sinking fund of $6,000 annually after 190<).
Under a modification of the mortgage of 1895, agreed to in Dec, 1898,
the total authorized issue was reduced from .$860,000 to $750,000, of
which $648,000 were offered in Jan., 1899, In exchange for $540,000
Phoenix
Dividend.
& 0. Bangor, Treas. Otflce. Apr.l5,'99,2»«
& J. Dover, Me., Ottlce. Jidy, '99, 2i«%,
& J. Bost. N. Rev. Bk., Port. JiUy 1, 1929
4
M. & N. Portland, Me. Cent. Of. May, '99. 2%
4
M. & N. Boston, Mass. Nat. Bk. May 1. 1930
6
M. & N. Portland, Me., Ottice.
May, '99, 3%
4
M. & N. Bost., N. Rev.Bk.; Port. May 1, 1930
4I9
M. & N. Portland, Me., Otiloe.
May 1. 1930
5
F. & A. Portl'd,Me.,Me.Cent.Of. Aug. '99,2i«%
4
F. & A. Boston, Nat. Revere Bk. Aug. 1, 1920
F. & A.
5
do
do
Feb. 1, 1921
M. & S.
6 to 5
Dexter, Me., Office.
Sept., 1898
4
M. & S.
1917
4ifl
M. & N. Rocklan Me., Office. May, '99, 214%
10
M. & N. Manchester and Boston. May 1, '99, 5%
4
Boston, B. & M. RR.
J. & J.
Jan. 1, 1922
4 In '98
N. Y., 195 Broadway.
Q.-J.
July, '99, 1%
6g. J. & J. N. Y., Mercantile Tr. Co. July 1, 19o8
do
do
6
M. & N.
Nov. 1, 1899
5
M. & S. N. Y., Mercantile Tr. Co. Moh. 1, 1916
do
do
Apr. 1. 1990
4g. A. & 0.
5 g. M. & N. N.Y., Farm. L. & Tr. Co. Dec. 23 1925
In default.
6g. J. & J.
July 1, 1926
$2,491,300
122,000
175.000
800,000
800,000
350,000
350.000
693,000
200,000
1,300,000
400,000
122,000
175,000
200.000
8.'C.
1878
1,000
1879
1,000
1886
1,000
1890
1,000
1895
1886 100, &c.
100
1,000
1881
1889
1,000
1889
1,000
1,000
2dcon.ino.$6,4CK)p.m.red.at50p.c.tillAug.l929c* 1,949 1889
1,000
1881
Registered income bonds and scrip, unassented.
....
Equipment bonds. $1,000,000 (5 p. c. due y'rly). .... 1897
1,000
'99.
for $54 .000 M.
a Includes $<i4S.000 beiiis; exchanu'ed in Jan..
of
Whom.
Payable
Cent.
—
<fe
old Mar. <fe Ph<i;n. 6s, at the rate of 6 of the 58 for 5 of the old 68. V.
67, p. 1357. President, N K. .^fasten; Secretary and Treasurer, F. I.
Kendall, Crocker Building, San Francisco, Cal.— V. 67, p. 1357.
iflaaon t'lty &. Ft. Dudtee
Owns road from Mason City, la.,
to Lelugh, la., 88 miles, and liranch, 4 miles. Stock authorized, .$5,000,000; outstanding, $920,000; par, $100. In year ending Juie 30,
1898, gross, $172.«<35; net, $73,375; charges, $92,475; balance,
In 1890-97, gross, $164,009; net, $70,110. Net curdeficit, $19,100.
rent liabilities June 30, 1896, $842,352, including unpaid coupons.
RR.—
Bal., Incl. subsidy. 8ur.$66,958 8r.*273. 282
df.183,011 8ut.$9,748
*In 1897, $161,228 from subsidy was used on account of deficit in
President, A A. Robinson: Clerk and Comptroller, J. T.
1896.
Hanner.— (V. 68, p. 3T6, 429, 868. 874, 1133 118-^.)
IVfXican Central Ry. Seciirltien Co., Limited.— This deposary company was formed in 1899, per plan in V. 68, p. 33 to acquire
he 4 per ceut consols of the Mexican Central Ry. " and to issue in their
place two classes of securities." The share capital is raised by a pay.
mento' £2 for each $1,000 bond deposited, for expenses, etc. Each
$1,000 bond deposited will receive £102 "A" and £102 "B" debenture
stock, constituting a first and second charge respectively upon the
deposited securities, both secured by the same deed of mortgage to
Right Hon. Lord Hilllngdon, Right Hon. Lord Revelstoke and H. W.
smithers, trustees. Frederick M. Spaukie, Secretary,
Graoechurch
<»ooouuii,u
a 3 ^
Street, London, E. C.-V. 68, p. 331. 524.
i
>
,
JlLY,
1899.
J
RAILROAD STOCKS AND BONDS.
83
^
r
.
IM VTESTORS'
81
Kiibncrlber« wrill confer a great favor by giving
RAILROADS.
SUPPLEMEJMT.
Immediate notice of any error discovered in tbcse Tables.
Bonds— iTintU
INTEREST OR DIVIDENDS.
Size, or
Miles Date
Par
®^
For explanation of oolumu headmi»-8,&o., see notes! •>'
Road. Bondh Value.
on llrst page of tables.
1
I
Jfer. Cent.
B
Ifi/
4%
Co .tim.— Adeli stock
Secii<-i(iM
8tock. 4<'o. f'l'x
Mex. /ii/.-Pr. liru.£1.2 0.000,rerl.at)>ar.Un.xo*.tr
let coiisol. niort.. *1 6,000 000, >;old ..Mp.xc*<fcr
lucoiue 4% boiiils ;no iiiort.), uon-cuniulative....
Mfjeiciin Xathntnl—BUn'k
c*
let M., subuiilv. Kolil, Hubiect to call at 100
2d M..ser."A," j:., inc. accmn. (for $16,675,000)0*
2d M.,(*er."B," g., inc. iion-ae. (for $16,675,000).
3d niortKaKe, deb. (income not cumulative) >cold.r
Met. A'«(7 liy. Co., Limited— A cifs., 5% non cum..
B
ceitltloates
615
659
100
s. f.
Jiuitirai/, Li/nj/erf— Orilinary sbares
lnt preferred stock, 8 per cent, perpetual
2d preferred stock, 6 )ier cent, perpetual
Per]ietual b per cent debenture i<tock
Uexiiu Cuernaraca <{ /*«c.— 1st M., g., $25,000 p.m.
($2,000,000 are 5s)
.
84
. .
&
B. City bonds, endorsed,
a Exclusive
of $369,000 held by sinking fund.
c Of wUioh $16,097,100 held by N. Y. Central
Jfap)— Ro.vd. - Owns in
road from Ciudad Porllrio Diaz, on
Southern Pacitic, via Torreon, on Mexican Central, to Durango. 540
m., with branches, 76 m.; new branch to Tlahualilo. 43 m total, 659 m.
Organized under laws of Coouecticut.
STOCK.— Authorized $25,000,000; issued Jan., 1899, $18,708,200.
Bonds.— In 1897 reorganized, reducing fixed charges on 659
Consol. 4s for $3,690,000
miles from $605,360 to about $148,650
are to be issued at $10,000 per milf on 369 miles of proposed branches
(of which Keata to Monterey, 72 miles, completed in December, 1898,)
and $800,000 are reserved for betterments, etc. The total issue or
consols is limited to $16,000,000. The prior lien 412S are secured on
Une from Ciudad PorHrio Diaz to Durango, 540 miles and 75 miles of
branches, see details in V. 65, p. 151. 1071. Coasol. 4s of 1897 listed
•n N. Y. Stock Exchange Feb., 1898. See application in V. 66, p. 341.
Gross, $1,894,333; net, $857,337
Earnings— Mex. cur'cy. 1899
Gross, 1,394,044; net, 526,49J
Jan. 1 to May 3J,5 mos. H898
ANNEAL Report.— Report for year endmg Dec. 31, 1898, was given at
length in V. 68. p. 615, 6^6, see also editorial, p. 596, showing earnings
as follows: Gross on average of 659 miles, .^3,497,075 (Mexican currency); net, $1,430,564; in U. S. money, net, including other income,
$652,051; interest, etc., $488,375; balance,.surplus. $163,676. In 1897,
gross (Mexican currency), $3,034,126; net, $1,097,774. President, T.
H.Hubbard. N.Y. of... 23 Broad St. (V.67,p.l357; V.68,p. 61 5, 626.)
iUexlcaii National RR.— Owns narrow gauge road from Laredo
to City of Mexico, 842 miles; Acambaro to Patzcuaro, 96 miles; El
Salto branch, 45 miles Matamoras to San Miguel, 76 miles small
branches, 5 miles; total owned, 1,064 miles; controls through owner(Biup of stock, Texas Mexican Railway, Corpus Christi to Laredo,
Texas, and branch, 163 miles other lines, 5 miles total 1,232 miles
Gauge, 3 feet; rail (steel and iron) 40 and 45 pounds to the yard. In
March, 1899, extension to Uruapan, 47 m., opened. -V. &•*, p. 624.
History.— A reorganization of the Mexican National Kailway fore
elosed May 23, 1887. See also Mex. National Ry. Co., Limited, below.
Subsidy.— In March, 1895, holders of flrst mortgage [also called prior
lien] bonds accepted the plan for conversion of unpaid subsidy certiH
eates into Mexican Government 5 p. c. bonds, uncollected subsidy,
$3,335,685, to be settled by deposit of $4,54t,300 of Mexican Government 58 -dS security for the firsts of 1887.— (See V. 62, p. 593, 1139.)
Stock.- Stock, $33,350,000 (par $100), placed in trust with the
Farmers' Loan & Trust Company, leaving the road in control of 1st and
2d mortgage bondholders until it earns and pays interest on both classes
of bonds for two consecutive years. The first mortgage bonds have
two votes], the 2d mortgage, A. & B., bonds one vote each [24,530
tn all]. The Mexican National Construction Company owns a malority of the stock and $7,000,000 of the 3d mort. incomes.— See V. 63,p.
1115; V. 64, p 1137. Capital reserve fund Jan. 1. 1899. held $734,786.
Bonds.-The first mortgage of 1887 is a prior lien upon all the
lines in Me.xico, constructed or to be constructed, and upon the Texas
Mexican securities. The bonds are redeemable on notice at par. Trustee, Capt. W. G. Raoul. Original issue $12,500,000, which has been
reduced to present figure by redemption with subsidy; $116,000 was
payable on June 1, 189i* —V. 68, p. 673.
As to 2d mortgage bonds see Supplement of April, 1897, and "Mexican National Ry. t;o.. Limited", below.
On series "A" bonds from earnings 2 i)er cent was paid March 1,
1803; 1 per centon April 1, 1895; l^s per cent on April 10, 1896; 3 p. c.
Mar. 22, 1897, at Nat City Bank, N.Y., and in London; 3^ p. c. in N.Y.
City on April 4, 1898; S'ap. c. in N.Y. on April 20, 1899.— V. 68 p. 618.
Earnings— 5 months, 5 1899
Gross, $2,<- 98,092; net, $1,393,206
Jan. 1 to May 31.
(1898
Gross, 2,529,921; net, 1,146,049
Net available for interest (5 mos.), $690,505 in 1899; $459,174 in
1898. Above figures are in Mexican currency, to be valued at 80 cents on
the dollar in U. S. money, all other depreciation having been allowed for.
ANNUAL Kkpokt— Fiscal year ends Dec. 31. Report for 1898, with
the balance sheet, etc., was given in full in V. 68, p. 614, 624; see also
editorial p. 596. Gross l)elow are in Mexican cwrrency, all other figures
Mexican currency is reduced to U. 8. currency at 80
to XT. S. currency
p. c, all loss above this being charged off in exchange account.
INCOME account— (D. 8. CURRENCY EXCEPT GROSS EARNINGS).
Year end'g Dec. 31—
1898.
1897.
1896.
1895.
Miles operated
1,218
1,218
1,218
1,218
Gross earnings
$6,330,920 $6,080,663 $5,299,025 $4,513,206
'
2,388,991
Net earnings
2,393,431
2,020,766
1,^.57,126
Exchange
1,175,981
1,156,792
793,408
689,345
Misc.. l.eitenn'te, etc,
129.187
114,456
125,269
97,228
Sundry Charlies
19,584
lb, 658
11,712
18,596
:
<,
;
;
Balance
from previous yr.
$394,569
34,962
;
$418,364
42,373
$402,622
4,701
$158,888
28,288
Total
$429,531
$460,737
$407,323
$187,176
on "A" bonds'. (3 1^2) 4 25,776 (3 12)425.775 (3) 364,950 (113)182.475
$100,000 "A" bonds etill in treasury do not draw liiterest.
-(V. 68. p. 614,618,62-1,672,724; V. 69, p, 27.)
niexlcan National Ry. Co. lilmlted.—This depositary company was formed in 1896 (per plan in V, 62. p. 1139, see also p. 635,
Int.
*
4,499,000
33,350.000
&
A
London, Speyer Bro.s.
New York.
8.
S.
Sept.
Sept.
1,
June
1.
1,
1947
1977
Sept. 1
$2,370,000 additio nal issued to Oct., 18918,
18, but h eld by Co. and
Tin
R«. Cn
Co.
Mexican International RR.— (5ee
Sur.
M
b
n R
X>
& H.
Mexico a standard gauge
;
M.
r
no mort. lien..-C
Bridge bonds, endorsed, no mortgage lien
Det.
4g.
July 1,
July 1,
July 1,
April 29,
1
270
115
152
152
84
39
o&r
M. C. Michigan Air Line, Ist mortgage
M. C. Ist M. on Det. & Bay City ($4,000,000).... Oj
...rj
do
do
do
c*
M. C. 1st mortgage on Grand River Val. RR
M. C. 1st mortgage on Kalamazoo & S. Haven... r
c&r
M. C. Ist mort. on Term. KR., $1,500,000
Grand River Valley stock, rental in perpetuity.
.1
S.
1
321
blO
.o*
Stocks— iMRt
Dividend.
Whom.
•'
Mexican
Michigan Central— Stock
Oousol. mort.— now Ist M.
pal,WhenDu«.
Payable, and by
J&J15
London.
& J 15 London, when earned,
4
4
4^2
When Where
Payable
1,000
1887
6 g. J. <fe D. N. Y.,Nat. City Bank.
1887 500 &0. 12,265,000
6 g. Anu'lv. Paid 3 12 P.C.Apr., 1899
<teo.
12,265,000
1887 500
6 g.
See text.
1887
1,000
7,040,000
6 g.
May 1
JE2,241,U75
1896
See text.
Loudon, when earned.
£1,911,600
1896
do
do
100 $3,000,000 4 in 1898
ar' iy. N. Y., office, 27 Wm. St.
1,000 al,291,000
1890
&
D.
do
do
6g.
£2,254,720
"k'io
2,554.100
m! & N.
London.
$20
1,011,960
1880
2.000,000
6
J.' & J. Glyn, M. C. & Co., Lou.
i'.o'oo
bl30,(iOO
1893
5 g. A. & O N. Y. Mercantile Trust.
100 C 18,738,000 4 in 1899 F. & A. N. Y. Gr. Cent. Station.
72-' 82: 1,000
10,000,000
7& 5 M. & N. N. Y., Union Trust Co,
1890 1,000&C
2,600,000
4
.1.
<fe
.1. Rg.atG.C.S.; cp.atU.Tr,
1,000
1881
M. & S. N. Y., Union Trust Co.
3,576,000
1881 1,000&0
i
N.Y.,Gr'd Cent. Station,
c; .— \l.
I
•79-'86 1,000
1,500,000
m; <fe H. N. Y., Union Trust Co,
6
700,000
M. & N. N. Y., Gr. Cent. Stat'n.
1889 l.OOO&C
5
725,000
1896 l.OOO&o
4 g- J. & J. Rg.at 6.C.S. ;cp.at U.Tr.
100
491,200
.1.
& J.
Jackson, Mich.
5
1872
1,000
274,000
M. &, N. N. Y., Union Trust Co.
8
150,000
M. & N.
do
1873
1,000
8
do
83
83
not called. S...o*Ar
Cent.
10,^t59,000
1,064
1.064
1,064
1,064
—
Mexica II Sort kern Stock
Ist luoi-t., U. S. gold coin,
Amount
Outstanding Rate peri
1899
(?)
1899
(!)
1897 £100<fec $5,850,000
1»97 $500&c.
5,353,000
d«l).
[Vol. LXIX.
J.
H.
1927
1917
1917
1937
1898
June 2, '99,1%
Dec. 1, 1910
May, 1899
Perpetual.
Oct.
1,
July 2«,
May
Jan.
Mch.
Mch.
Sept.
1,
I,
1,
1,
1,
1,
1943
2
1902
1940
1931
1931
1909
1939
1941
"99,
Nov.
July 1,
July,'99,2ia9t
May 1, 1902
May 1, 1903
Ha mpson
I
by the " A " and "B" bondholders of the Mexican National RR. Co, to
give them "more immefliate and piactieal oonlrol" over that company. Its share capital is £24,530 in 10s shares, and is deposited in
trust to g ve the control of the depositary company to the certlUcate
holders. The certificates were issued in excliauge as follows: £250
A certificate for a $l,00o " A " bond deposited £200 B certificate for
$1,000 " B " Doud and £125 A and £100 B certificate for a Matheson
certificate.
In Dec, 1897, there had been dnposited all but about
these securities.
The "A" certifloatef have
$4,200,000 of
two votes, " B " certificates
one vote for every complete
£25.
The income received from
the
A and H bonds
deposited will be applied: (1) To sinking fund an amount not
;
exceeding 2 per cent of revenue collected
(2) to expenses of London
management not over £2,000 yearly; (3) to 5 per cent dividends on
A certificates (4) to dividends on B certificates. Dividends— On "A*
certificates, in 1898, April and May, 1899. paid £2 158. 8d. p. c, V. 64,
V. 65, p. 516.
p. 755. Address 85 Grace Church St., London, E.
ITIexlcan NortUern Ry.— Owns from Escalon, Mexico, on the
Mexican Central Ry., to Sierra Mojada, 83 miles, aU steel.
Stock. Capital stock is $3,000,000
see application for listing on
N. Y. Stock Exchange in full, V. 64, p. 619.
Dividends
1893.
1894.
^1892.
1895 to June, 18996I3
6I2
Percent
6
4yearly.
s
Bonds.—The mortgasre is for $1,660,000, of which $369,000 held by
the sinking fund in June, 189;*
See V. 60, p. 482.
Earnings— 11 months. 51898-9
Gross, $681,636; net, $333,287
July 1 to May 31.
Grose, 501,004; net,
281,344
J 1897-8
Annual Report.— Earnings as follows in U. S. currenc.v:
Tear.
Gross.
Net.
Other inc. Charges. Dieidends. Surplus
1897-8.. $548,395 $316,793 $23,641 $137,383 $120,000
$83,051
1896-7.. 603,671
329,991
19,941
135,439
120,000
94,493
-V. 63, p. 792 V. 64, p. 61 1, 619 V. 65, p. 679
IVIexican Rallviray, l,iMiited.— City of Mexico to Vera Cruz,
264 miles; Pueblahrmich, Apizacoto Puelila, 29 miles; Pachuca branch,
Ometusco to Pachuca, 28 miles; total, 321 luiles.
Organization.— Incorporated Aug. 20, 1864, as Imperial Mexican
Ry,, Lim, Concessions perpetual, except as to Pachuca branch.
Dividends since 1896: On 1st pret,. May. 1897, 2^8 p. c; Nov.,lH97,
2»« p. c; May, 1898, I's P- c Nov., 1898, 25fi p. c: May, 1899, 289 p. c.
Earnings.— Year ending Dec. 31, 1898, (Mexican currency), gross,
$4,177,755; net, $1,797,692. Interest on debenture stock is £120,000
yearly. Jan. 1 to July 1, 6 mos,, (Mex. cur.), $2,325,900 in 1899. $2,093,200 in 1898.
Officers.— Chairman, William Newbold; Sec'y, John T. Dennistou,
London, Eng. London offices, 45 New Broad St., E. C. V. 66, p. 1001.
;
;
C—
—
;
.
;
;
;
&
RR.—
Mexico to Balsas River, 182
Mexico Cnernavaca P«c.
miles in operation, and remaining portion of road to Acapulco, 128
miles, under construction in Mar, 1899.
Concession from Mexican
Government was transferred to present company June 9, 1891. As to
subsidy from Mexican Government, se-' V. 67, p. 901. Stock. $6 000.000 ..par, $100; outstanding, Oct 1898, $2,432,000. Bonds ($25,000 per mile authorized), 1st mortgage, gold, 50 year .=>s, due Oct.,
1943, interest payable A. <fe O. in New Vork. Pres. and Gen. Mgr., J.
Hampson. Mexico City, Met.; Sec. and Treas., Charles Wheeler, Den.
ver,Col. General offices, Mexico City, Mex.— V. 63, p. 154; V. 67, p. 901
,
Jliclilgan Central
RR.— CSee Jfap
adjoiyung
of Road.— Main line— Kensington
New York
Centra.
270 miles/
and Windsor to Suspension Bridge (Canada Southern), 226 miles;
total main Une, 496 miles.
Branches owned and leased 1,147 miles;
trackage 111. Cen., 14 miles; total January 1, 1899, 1,657 miles.
There are 254 miles of second track and 922 miles of side tracks.
Organization, Leases, &c.— The Michigan Central was chartered In
1846; the whole line, Detroit to Kensington, was opened In 1852. Uses
Illinois Central from Kensington into Chicago, 14 miles, under a
page.)—L,i¥iK
to Detroit,
perpetual lease.
Control of the road was acquired by the N. Y. C. & H. R. BR. Oo.
in April, 1898, as stated below.
Canada Southern Contract.— In Nov., 1882, a close contract was
made with Can. So. tor the operation of its road. The contract provided
for a re-apportionment every five years and in the re-apportlonment
December, 1892, it was agreed that the Canada Southern should thereafter receive 40 per cent and the Michigan Central 60 per cent of the
first $1,000,000 of Det earnings, any amount over that to be divided
as theretofore one-third to C. S. and two-thirds to M.C.; but under the
original contract each company is accorded all benefit from reduction
in its fixed charges. The M. O. to Jan. 1, 1898, had reduced its charges
$327,000; this sum is therefore credited to it before the division.
Capital Stock.-The stock has remained at same amount since 1895.
Dividends. ) '83 '84 '85-86 '87-89 '90 '91 '92-94 '95 to Aug., '99.
Per centr— 5 5
nil.
3
4 yearly 5
5 5^2 y'rly
4 yearly
—
Bonds.—The Jackson Lansing <£ Saginaw bonds were assumed by
Michigan Central, which also guarantees in perpetuity 3*2 per centon
the stock. The Bay City <£ Battle Creek mortgage is for $1,800,000,
bnt amount outstanding is limited to $15,000 per mile.
The
KAILROAD STOCKS AND
JriY. 1899.J
MAP OF
BONDS.
89
TllK
MEXICAN INTERNATIONAL
RAILROAD
AMD CONNECTIONS
Dotted linen Indicate projected extensions
under Qooernment approval.
OuUtlii
-
;
INVESTORS' SUPPLEMENT.
86
[Vol. LXIX.
Immediate notice of any error discovered In these Tables.
Bon(i« ~ Prlno
INTEREST OR DIVIDENDS.
Date Size, or
pal, When Due
Amount Rate per When Where Payable, and
Par
of
by Stocks— Last
Outstanding
Subscrlbertt will confer a great favor by giving
'
BA.ILROAD8.
For explanation of column headings,
on ilrst page of tables.
Miles
&o., see notes
of
Road. Bonds Value.
JUicliigan Central— < Concluded )—
Jaok.Lans.&Sas:. stock, 312 p.c.y'rly.giiar.by end.
o*
Cons, luortgago, assumed, extended in 1891..
end.o*
gu.p.A
1.
gold,
M.,
1st
Bay City & Battle C,
Battle C. & Sturgis Ist M., gold, gu. p. Ai. end.o'
Jollet <fe North. Indiana 1st M., guar. p.&i. (end.).c
0*
MiddUloicn Vn. <t H. Gap— IstM., ext.in'86
2d mortgage, int. guar. ext. in 1897 (see text)..o'
Midland Term. l8tm.,$600.000,gold,red.atl05Fo*
Mill Creek d Aline Uill Sav. <C ft/e.-Stook
Mitw. Benton Harb. dt CoJ.— Consol. M., g., $900,000
Milwaukee Lake Shore * Western— See Chicago &
Milwaukee it Lake Tri/Hie6«firo—Com.8tk. $1,000,000
1st preferred stock, $980,000, 6 per cent, cum...
2d preferred, $600.000
1
$100
295
295 7i&80 1,000
1,000
18 1889
1,000
41 1889
1.000
45 1877
13 1866 100 &0.
1871 500 &0.
1,000
30 1895
"eo
NORT
'
" "
" •
66
.
St.
1882
1895
17
1891
27
93
15
102
53
92
1877
1877
1877
1879
1880
1881
1894
1899
283
1,000
500&0,
1,000
1,000
1,000
1,000
1,000
1,000
V. 68, p. 27.)
& Ala. Ry.—Purchased by Na8h.Chat.& St.L. 1897.
I»Ilddleto\vn IJnlonvllle & Water Gap ft.R..—(See Map N. TSusaxiehanna d Western.) — Owns from Middletown, N.Y.. to Unionville.
N. J. State line, 13-65 miles. Stock, $149,850; par, $50. Controlled
through ownership of stock by New York Susquehanna & Western,
which pays interest on bonds. Principal of the second mortgage 58,
due Deo. 1, 1896 ($2.50,000), was extended at same rate to 1910. In
year ending June 30. 1898, gross. $49,986; net, $19,922; charges.
820,000; bal., deficit for year. $78. In 1896-97, gross, $47,900; net,
$19,717.— (V. 63, p. 1010, 1159; V. 64, p. 664.)
Midland Terminal Ry.— Divide, on Colorado Midland RR., to
Crii)ple Creek, 30 miles branches and siiurs to mines, 12 miles.
Stock, $1,000,000 par. $100. The first mortgage was for $1,000,000,
but reduced l)y cancellation to $600,000, which latter amount is being
reduced by sinking fund. Bills payable June 30, 1898, $31,000.
Earnings.— For year ending June 30. 1898, gross, $429,799; net, over
oper. expenses, taxes and rentals, $164,889 ; Interest charge, $34,645.
President and Gen. Man., W. K. Gillett. Denver, Col.; Treasurer, W.
W. Phelp.s.-V. 61, p. 967; V. 66, p. 520; V. 67, p. 1357.
;
;
RR.—
Mine
Hill Navigation 4c
&.
Palo Alto to
Castle, Pa., 3-8 miles; branch 2-8, second track 3-8 miles; total
track, 29 miles. Leased July 25. 1881, for 999 years to PhUa. & ReadReading iJaiiwaf/;
ing RR. and leased assumed in 189d by Phila.
rental $33,000 and all taxes.
&
tc Columbus Ry.— Completed
Buchanan, Mich., 27 miles, to extend to
RR. The capital stock at consolidation
Mllivaukee Benton Harbor
(Sept., 'h7), Benton Harbor to
O.
Nappanee, Ind., on the B.
&
10
5
5I2
4,210,200
393,400
340,500
5 g.
6,000,000
4,000,000 4iflin
455,000
7
950,000
7
280,000
7
1,015,000
7
636,000
7
1.382,000
6
5.282.000
5
4
7,600,000
50
100
500
100
100
Middle Tenii.
Mill Creek
5
&
&
J. &
J. &
J. &
M. &
J. &
J. &
J. &
M. &
M.
M.
780,000 Seo text. F.
520,000
1,430,000
J.
1,000,000
6g. A.
1,000
1,000
$45,401
$28,389
$60,829
Surplus
$4,732
Traffic— Ot the 7,470,951 tons carried in 1895, grain contributed
8-7 per cent; bituminous coal, 10^4 p. c; anthracite, 6-8 p. c; lumber
and forest products, 20-7 p.c. Average rate per ton perm. -617cent8.
In 1898 carried 8.682,110 tons; average rate -597 cent. -(V.68,n. 724,
New
7
5
5
was $600,000;
par. $100; outstanding Feb., 1898, $270,000. President,
A. A. Patterson, Jr., B< nton Harbor, Mich.; Treas., F. L. Reeves, New
York City. (V. 65, p. 572.)
Winnebago RR.—
Owns Neenab to ScblelsMll«vaukee Sc I^ake
Ingervllle, Wis., 65 miles. Manitowoc Extension, 45 miles, was opened
years
Wis.
Cent,
for
to
99
at 37 ig per cent of
in July, 1896. Incased
gross earnings as rental but after $175,000 per year Is reoeived,
the balance of net earnings is to be equally divided. In May, 1897,
lease suspended, not earnings being paid in lieu of rental— see V. 64, p.
903. Stockholders voted on July 8 to transfer the property to the
;
Wisconsin Central Ry. Co.
Under the Wisconsin Central reorganization plan (V. 68, p. 725) all
the securities will be purchased for cash, as follows: Each $1,000
bond, Milwaukee <fe Lake Wlunebago RR, Co. Ist mortgage, $1,100 and
accrued interest; Manitowoc Division 6 per cent bond, $1.100 and accrued interest; Income 5 per cent bonds, $925 and accrued interest
Whom.
Payable
1,000,000
"ibo
Pa ul.
52
3
3
421,000
800,000
150,000
250,000
539,000
323,375
405,000
1,000
H-WE8 TERN.
Greek & Sturgis bonds is $500,000. but
total issue of Battle
of this $79,000 was sub-guaranteed by the Lake Shore & Michigan
Southern, 7 miles of the B. C. &. 8. being operated by that company
The Bay City <fc Battle Creek and the Battle Creek & Sturgis issues both
carry the guaranty of the Michigan Central endorsed on tlie bonds.
In 1896 bonds for $1,500,000 were authorized on terminal properties acquired in Chicago and East Chicago.— V. 64, p. 886.
Opkrations, Finances, &c.—The road is operated under a close con
tract with Canada Southern, and the earnings of both roads are included
In the statistics below. As to division of profits between the 00 npanles, see explanation V. 64, p. 5. All betterments and improvements
to the road have been charged to operating expenses, except $tu,000
Fct aside out of net revenue of 1898 as a special fund for construction
of second track between Ypsilanti and Dexter.
In 1893 purchase was arranged of the capital stock by the
N. Y. C. & H. R. KR. Co., which gave in exchange its 3^3 per cent
100-year gold bonds at the rate of $115 in bonds for $100 in stock.
V. 66,p 759. In July. 1899, $16,073,400 of the $18,738,000 stock had
been acquire.l by the N. Y. C. & H. R. RR. V. 66. p. 1238.
Earnings- For 6 mos. ending June 30, figures for 1899 being partly
estimated.
Div. Surplus
Can So.
Vet.
Charges.
Gross.
6 mos.
1899 est$7,156,000 $1,762,000 $1,21'2,000 $153,000 1^374 760 $i^2,240
1898 act 6.97:^,000 1,252,000 1,212,000 150,000 374,760 15 240
ANNUAL Report.— Annual meeting Thursday following first Wednesday in May. Report for 1898 in V. 68, p. 869.
1895.
1896.
1897.
1898.
Tear ending Dec.31
$14,046,149 $13,697,238 $13,821,614 $13,651,419
Gross earnings
3,429,263
3.468,188
3,447,728
3,500,177
Net earnings
74-.59
74-83
75-08
7519
P.O. op. ex. to earns..
Net, incl'g other inc.. $3,544,854 $3,492,347 $3,468,948 $3,517,265
184,310
184,310
184,310
184,310
Bentalspaid
2,210,255
2,217,891
2,235.62^ 2,230.714
Interest on debt
282,402
296,474
304,715
300,667
Can. Southern share.
70,000
New second track...
(4)749,520 (4)749,520 (4)749,520 (4)749,520
Dividends
869;
2,009,000
250,000
1897
*
31^
5
M,000,000
100
o*;
Ist mortgage, gold
Man.Div.'lst M.,$l,000,000,g.sub.tocall 110..c&r
Miltcaukee <t Xorlhern—See Chicago Milwaukee &
Mine Hill tt Schuylkill Hav.— Stock (6 p. ct. rental).
Utntral iJa»iflre— Stock $400,000
Newconsol. M., $600,000, gold, red. at 105
Minneapolis & St. //om's— Common Stock
2d pref. (now l.st pref.), stock, 5 p. c, nou-cum..
c
1st M., Minn, to Merrlam Jc, gold
Istmort., Merriam Junction to State Line.gold.c*
1st M. Mimi.& Dul., Minn, to White B.Lake, gold.*
Iowa exten. Ist M., g.(Al. Lea to Fort Dodge)g.o*
Mort.on Southwestern exten., g. ($12,000 p.m.)o*
c*
Paciflo extension 1st mortgage, gold
c*<fer
First consolidated M., $5,282,000, gold
Ist refunding mort., $25,000,000 ($18,000 p. m.)
Cent.
J.
&
&
Dividend.
Mar.1'99,1%%
Sept. 1, 1901
Deo. 1. 1»»8
Deo. 1, 1989
July 10,1907
& W. Nov. 1, 1911
do
June 1, 1910
& T. Co. Deo. 1, 1925
8.
Y., Gr. Cent. Station.
S.
y.. Union Trust
Y., Union Trust
Y., Union Trust
Y., Farm. L.&Tr.
Y., N. Y. Susq.
D.
D.
J.
N.
D.
D.
J.
8.
do
Farm. L.
Y.,
Co.
Co.
Co.
Co.
Philadelphia.
July
y.. Mercantile Tr.Co,
A. Boston, Of., 50 State
'99,
Sept. 1,
St.
5%
1947
Feb.l5,'97,S%
J,
& O
Boston, Merch.,Nat.Bk, July
Ist coupon Apr.l, 1897 Oct.
&
J,
Phila.,01Bce,1198. 4th, Julyl4,'99,3%
&' J N. Y., Nat'VciVy Bank,
& J.
& J.
& D.
& N.
& D.
& D.
& O.
& N.
& S.
N. Y. Central Tr. Co.
do
do
do
do
do
do
do
do
do
do
Manitowoc Terminal mortgage notes, par
Stock, per $100 share, first preferred, $78;
(V. 67, p. 1308, 1354, 1356.
—
1,
1,
Feb.,'98,
Jan.
1,
1912
1926
313%
1931
Julyl5,'99,2i2
Jan. 1, 1907
June
do
do
do
do
do
do
Jan.
June
Deo.
Apr.
Nov.
Mch.
and accrued
1,
1,
1,
1,
1,
1,
1,
1927
1907
1909
1910
1921
1934
1949
interest.
second preferred, $18.
Mine Hill & Scbuylklll Haven RR.— From Schuylkill Haven
Locust Gap, Pa., etc., 52 miles. In 1897 rental reduced to 6 p. 0.
on stock under new lease for 999 years from Jan. 1, 1897, to Phlla. <&
Read. Ry. Co. Dividends paid stockholders are 2^ p. 0. in Jan. and
3 p. c. in July, I2 p. c. being deducted for taxes.— V. 63, p. 1011.
Mineral Range RR.— Houghton, Mich., to Calumet, Mich., 14
miles, standard gauge; branches and sidings, 18 miles; total, 32 miles.
History, Etc.— Operated in close connection with Hancock & Calumet
(which see.) Reorganized in 1891. In year 1895-6 paid dividends lO^a
p. c; in 1896, Z^; 1897, 31^; Aug., 1897, 3ia p. c; Feb., 1898, 3«a p. c.
Bonds.—The consolidated mortgage covers all the property, including
$250,000 of Hancock & Calumet stock, which is five-sevenths of the
whole issue. Mortgage is for $600,000, of which there are reserved for
old bonds $7,000 with trustee. There are $13,300 old bonds outstanding. Loans and bills payable June 30, 1898, $148,500. Of tonnage
/•prriAfi in 1897-8, coal was 25 p. c; lumber 7 p.c. and forest products
3p.
JUARNINGS.- For year ending June 30, 189 8, on 17 miles, gross
$139,732 net, $40,049 other income, $1 2,972 interest, etc.. $26,839:
dividends (S^a p c), $13,769; bal., surplus for year, $12,413. In 1896-7.
gross, $115,039 net, $54,497. Office, 44 Wall Street. N. Y.
Minneapolis & St. Eiouls RR.— C<See Jlfap.;—Owns main line,
MlnneapoUs to Angus, la., 260 mUes; Western Div., Hopkins to Watertown, S D., 216 miles; Kalo Branch, l^a miles; Lake Park Branch, I19
miles totai operated, 479 miles. Leases trackage from Minneapolis
to 8t. Paul over St. Paul & North. Pao. RR., 11 miles. Also owns, but
leases to Bur. C. R. & Nor., Albert Lea to Iowa State Line. 13 miles,
and from Minneapolis to White Bear Lake, 13 miles, which Is leased
to the 8t Paul <fe Duluth Railroad.
In April. 1899, purchased (V. 68, p. 672,) from the Rock Island 123
miles, Morton to Watertown, So. Oak., part ot the 217 miles of the
unbonded Wis. Minn. & Pac. theretotore operated by Minn. & St.
Louis, but accounts kept separate.
Also began extending New Ulm
branch through rich grain and live-stock country to 111, Central RR. at
Storm Lake, la., 140 miles. V. 68, p. 130. See description of M. & St.
L. RR. Minneapolis terminals in V. 65, p. 732.
History.— A reorganization in October, 1894, as per plan given In
V. 59, p. 371, of the Minneapolis & St. Louis Ry., sold Oct. 11, 1894, at
foreclosure under improvement and equipment mortgage.
Stock.— The capital stock is, common, $6,000,000; pref erred, 5 p. c.
non-cumulative, $4,000,000. All classes of stock have equal voting
power The $2,500,000 first pref. was paid oflf at par on June 1, 1899.
to
;
;
;
;
;
See below.
Dividends.— On second preferred non-oum.: In 1896, 3 p. c; In 1897,
3 p.c; in 1898. 3i2p.c.; in 1899, Jan., 2 p. c; July. 212 p. c. Yearly
rate Increased to 4 p. 0. in July, 1898.— V. 66, p. 1189.
Bonds, Etc.—Bonds issued under the mortgage due June, 1927, numbered from 1,101 to 1,400, for $500 each, additional to those above
were assumed by the Burl. Cedar Rapids & Northern RR.
As to first consi>l. mortgage (see abstract V. 59, p. 1145.) The refunding mortgage of 1899 limits tie issue of first consols to $5,282,000, the amount now outstanding.
First refunding mortgage of 1899 is for $25,000,000, of whicn
$5,100,000 sold as below stated, $2,500,000 Issued to retire 1st pref.
stock at par June 1, 1899, $10,000,000 reserved to retire underlying
bonds and $7,200,000 for future extensions, improvements, etc.,
under severe restrictions. On completion in 1899 of the extension of
the New Ulm branch, the mortgage will be a first lien on 283 miles of
road, etc., and a blanket lien on rest of company's property.— V. 68, p.
187, 332. See full particulars in application to list, V. 69, p. 32.
General Finances.— In Jan., 1899, sold $5,100,000 ot new 4s to purchase 123 miles of road and to build and equip 140 miles extension of
New Ulm branch— see above and V. 68, p. 130, 187, 332.
Earnings— 11 mos., ) 1898-9
Gross, $2,252,379; net, $899,945
July 1 to May 31. ) 1697-8
Gross, 2,071.406 net, 819,506
Annual Report.— Fiscal year ends June 30. Report for 1897-98 waa
given at length In V. 67, p. 786, 791. See also editorial p. 768.
Earnings—
1897-98.
1896-97.
1895-96.
Passengers
$457,480
$412,084
$405,605
Freight
1,650,508
1,469,069
1,500,379
Mail, express, &c
138,593
125,350
122,316
;
Total
Net over taxes.
Other Income
$2,246,581
$878,665
112,703
$2,006,505
$807,377
96,949
$2,028,300
$824,748
87,572
$991,368
680,540
265,000
$904,326
580,540
245,000
$912,320
580,540
Bal. surplus for year
$145,828
$78,788
President (elected Oct., 1896). Edwin Hawley.
-(V. 68, p. 130, 187. 332. 672, 872; V. 69, p. 27, 32.)
$86,780
Total net Income
Interest paid
Dividends
.245,000
July,
1899.
|
RAILROAD STOCKS AND BONDS.
87
C
.
.
:
INVESTORS'
88
SUPPLEMENT.
[Vol.
LXIX.
Immediate notice of any error discovered In these Tables.
Bonds— PrVnoiINTEREST OR DIVIDENDS.
Date Size, or
pal, When Due,
Amount
Snbscrlberii irlll confer a great favor by giving
RAILROADS.
For explanation of column headings,
on tirst i>age of tables.
Miles
<&c.,
see notes
Par
of
of
Road. Bonds Value.
Paul dt Saull Ste. Jforie.— Common stock.
Preferred stock, 7 per cent, non-cumulative
Minn. Sault Ste. Miirie & Atlantic 1st M. gold..o' 495
Minneapolis & Pacitic. Ist mort., $15,000 p. m..C" 286
970
o*
Consol. M., gold, int. iruar. (end.)— See text
M. S.P.&3. S. M. 2rtM. $5.000,000. e., int. gU..Ce 1,272
— IT.Hirer Humb.
i
Miss.
<«
Missouri Kansas
<£
1st M., gold, $400.000..
Tejais Common stocK
—
1886
1886
1888
1899
1890
1,000
1,000
1,000
1,000
11886
40 1897
1,000
1,000
•
Preferred stock, 4 per cent non-ciuuulative
100
Teho. <fe Neosho 1st mort., gold, s. f., red. at 100..
1,601
M. K. & T. 1st mortgage, gold
2d M. (formerly incomes), see tfxt, gold I»Ie... 1,601
1st M. extension bouds, gold. $20,000 p. m. ..c*
i62
Mo. K. & Eastern IstM., $4,000,000 g., assumed.
162
2d M.. $500,000 gold, guar., asstimed
Guaranteed bo7i(is—
Kan. City & Paciflc 1st mort., gold, int. gu. end.c
DaUas ^'s'Waco 1st M., $20,000 p.m., g.,p.& i. gu.c*
M. K.& T. in Texas 1st M., $20,000 p.m., gold, gu.c*
c*
Boonevllle Bridge, IstM., gold., gu.,dr'n at 100.
O^iar. bo7ids of companies operaCd separately
125
67
132
—
8h.Sh.<feSo.lstM.,$2O,000p.m.ff.,gu.,p.&i.(end.)c*
8. W.Coal & Imp. IstM. guar. p. &1. end. s. f.in'99.
Uissouri J'rtct/Jc- Stock, $55,000,000 authorized.
Pac. RR. of Mo. Ist mort., extended in 1888, gold
2d mort. ext. in 1891 in gold, St. L. to K.
1st M., St. Louis real estate, ext. In 1892, gold.
1st M. Carondelet Br., g., gu. p.& i.(end.)ext.'93
3d M. (cover'g aU property of Paciflc RR. of Mo.)
Co*
Cent.
155
283
283
13
296
When Where
Payable, and by
Whom.
Payable
—
Stocks
Last
Dividend.
$100 $14,000,000
100
7,000,000
Ifi7iri. *7.
Income certitlcates. V. (>>^. p. 977
Car trusts March 31. 1899
st mort.— ($400,000 are 4s)o
Minuesiita Transfei
Outstanding Rate per
100
100
1870
1,000
1890 500 &C,
1890 500 &C,
1894
1,000
1892
1,000
1892
1,000
1890
1890
1892
1873
$&£
1893
1889
1,000
1,000
1,000
1,000
1,000
100
1868
1,000
1871
1,000
1872 500 &c.
1873
500
1876
1,000
Ry.—
Owns Minneiniuueapolls St. Paul Sc Sault Ste. Marie
apolis to Bault Ste. Marie, Mich., 490 miles; branches, 32 miles; from
Minneapolis northwest to Kulm, No. Dak., 308 miles; Hankinson to
International Boundary Line, No. Dak., 344 miles ; trackage in Minneapolis, St. Paul, etc., v;0 miles total, 1,195 miles In May, 1899, extension from Kulm. N.D., to Wishek about 77 miles, in operation, and
;
being completed towards Bismarck.
History. Formed June, 1888, by consolidation of the Minneapolis
Bault Ste. Marie & Atlantic, the Minneapolis & Pacific, etc. (See V.
46, pp. 538, 609.) Controlled by Canadian Paciflc, which Jau. 1, 1899,
owned $7,066,600 common and $3,533,400 pref. stock, etc.
Bonds.— Can. Pac. guarantees by endorsement 4 per cent interest on
(See
all the bonds assenting to a reduction of interest to 4 per cent.
V. 50, p. 784; V. 51, p. 239. About one half the Minn. & Pac. bonds
and practically all of the other issues assented. V. 54, p. 799.)
V. 45,
Abstract of Minneapolis Sault Ste Marie iS AtlanticvcLOTt^a.^e
The consol. mortgage o^l888 (trustee. Central Trust Co., mort
p. 243.
was
for
on
800
$21,000,000
gage abstract Chko.mcle, V. 47, p. 142),
miles (sutticieut of this amount being reserved to retire the prior
bonds) aui1 for $20,000 per mile on all additional mileage.
Of the $5,000,010 2d 4s of 1899 $3,-00,000 were issued to take
up certain maturing interest-bearing obligations and current capital
expenditures and for equipping of terminals and additions, the remaining $i,iSOO,OiO to he issued hereafter from time to time only as
required —V. 68, p. 6ti9, 77 J, 977.
Latest Ea-bsings.— 11 m. ) 1898-9.. Gross, $:^,9:il,652 net, $1,^70,053
:{,815.242 net, 1,76\467
July 1 to May 61.
5 1897 8.. Gross,
Earnings.— In 1897-98, gross, $4,175,718; net. $1,738,818; rentals.
$130,556; interest, $1,206,074; surplus, $402,188. (V. 68, p. 977.)
ffinnesota Transfer Ky.— A union road, own ing 14 miles, extending from junction with Chic. Mil. & elt. Paul at Merriam Park to
Fridley (with stock yards, etc.); side tracks about 33 miles: total 47
miles. In 1898 purchased New Brighton f took yards aiul Minnesota
Belt Ry. & ranster Line, 11 miles long, issuing $400,000 4s therefor.
{V. 67, p. 956 ) Has $63,000 capital stock, equally owned by:
Chioago Milwaukee & St. Paul. Northern Pacitlc. Chicaso St. Paul Minn. &
Omalia, ^'inneapolis & St. Louis. Wisconsm Central. Chicago Burlington &
Nortb., Gre-it Nortb.. Chic Great Western and Minn. St. Paul & Sault Ste. Marie
Addi'ional bonds can be issued for property and improvements as
required. Principal only is payable in gold. Mortgage trustee, St.
Paul Trust Co St. Paul, Minn.— (V. 66, p. 1238; V. 67 p. 956.)
—
m
;
;
i
4g!&5
8,280,000
3,120,000
18,108,000
3,500,000
771.000
888.591
1,304,000
400,000
52,450,000
13,000,000
187,000
39,813,000
20,000,000
998,000
4,000,000
500,000
A
&
&
&
N. Y., Morton, B.
July
1926
1936
1938
1949
1909
New York <fe Chicago. 1899 & 1903
4<S^5
F." &'a. l8tN.B'k,-t.Paul,Minii,
Aug. 1, 1916
5g. M. & N. N. Y., Col. Trustee.
Nov. 1, 1917
.T.
4
4
(5) J.
g. J.
4g. J.
7
J.
J.
4
4
F.
M.
5
5
5
A.
A.
2,500,000
1,340,000
2,685,000
4
F.
5
434,000
7
M.
M.
M.
1,100,000
5
9>'8,000
6
5
47,442,375
7,000,000
2,573,000
800,000
237,500
3,828,000
J.
J.
F.
5
5
41a
g.
gg.
J.
M.
A.
M.
7
<fe
.1.
do
do
do
J.
J.
J.
Co.
do
do
do
Jan.
July
Jan.
July
&
&
&
&
&
&
&
&
&
&
D. N. Y. Office, 45 Wall
D.
do
do
A.
do
do
N.
do
do
&
&
&
&
&
D.
&
&
St.
June
June
June
Nov.
Apr.
Apr.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1903
1990
1998
1944
1942
1942
O.
O.
do
do
do
do
A.
N.
do
do
do
do
do
do
do
do
Aug.
Nov.
1,
1,
Sept. 1,
1,
1990
1940
1942
190b
do
do
do
do
June
194'
8.
N.
J.
N, Y.,
Mercantile Tr. Co,
do
do
do
do
do
A.
J.
N.
O.
N.
May
do
do
do
do
do
1,
July 1, 1929
Juiy 15, isyi
Aug. 1, 1938
July 1, 1938
May
Oct.
Nov.
1,
1,
1,
1938
1938
1906
for the aforesaid mortgages. These mortgages also cover the right to
the land grant in the Indian Territory. Firsts are reserved for T. & N.
on Stock Exchange to Oct.. '98, $39,718,000 had be<-n listed,
of interest on the second mortgage of 1890 is obligatory since
the coupon of Aug. 1, 1895; previously itreceived 2 p. o. Interest yearly.
The Missouri Kansas <£ Eastern bonds originally guaranteed were
assumed in June, 1896, the road forming the St. Louis extension from
Franklin, Mo., to Texas Junction, Mo., 162 miles. See V. 63, p. 30.
Guaranties.— Interest Is guaranteed on $2,500,000 Kansas City
Pacific 4 per cent bonds and on the Booneville Bridge 7s, and prin
oipal and Interest on Dallas & Waco bonds (issue limited to $l,340,000i
The M. K. d: T. in Texas in August. 1892, filed a mortgage to secure
firsts;
Payment
<\i
$10,000,000 of Ijonds at $20,000 per mile for extensions in Texas.
They are guaranteed principal and interest and are so endorsed: trustee Central Trust Co. See above, and guaranty V. 56, p. 604.
The Shermayi Shi-eveporl & Southern mortgage Is for $6,100, 03o at
not exceeding $20,000 per mile; authorized, $3,100,000, of which
$2,050,000 pledged under the M. K.
T. mortgage of 1890.
<fc
he Southioestern UoiU d: [inprovenient Oo.'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., 15 miles, mines in active operation, etc.
Equipm <>iU yoti-s.—Ou July 1 ,1898, these aggregated $538,298, payI
able part yearly
till
Nov., 1h05.
May 31
Net
Charges.
Balance.
1898-9.
$11,159,48=?
$59.'^, ''53
$3,739,524
$3,143,-71
^897-8
11,381,516
3,743 939
3,141,631
602,308
ANNUAL Report.— Fiscal year ends June 30. Annual meeting first
Thursday after first Monday in April. Report for 1897-98 in V. 67,
p. 631. The $20,000,000 2d mort., which previously received 2 p. c.
yearly ($400,000), became fixed interest charge at 4 p. o. Aug. 1, 1895.
Tear end. June 30.—
1898.
1897.
1896.
1895.
Aver. miles operated..
2,197
2,197
2,147
2,028
Passenger earnings.. .$1,919,556 $1,818,188 $2,071,406 $1,970,905
~
9,107,207 8,388,544
Freight
9,559,000
8,986,779
Mail, express, etc
568,680
552,919
577,036
586,679
Latest Kaksisgs.— 11 mouths ending
Gross.
•
"
"
Gross earnings.. ..$12,047,237 $11,478,314 $11,036,987 $11,544,363
Oper. exp. and taxes. 8,182,388
8,337,399
7,704,100
8.421,184
,
ifIisKif<f<ippi River
Ark., 41 mil' s, of which
Hani biir<r
&:
AVeKteru.— Hamburg to Luna,
20 miles operated iu Sept.,
189i^,
and
balPresident. L. A.
by July, 1899. Stock, $400,000; all issued.
Cole. 100 William Street, New York.
missouri KaiiMHtt &. Texas Ry.— (See :««/>.)— Road.— Operates a
line with northern termini at St. Louis, Kansas City and Hannibal,
Mo., extending southerly across the Indian Territory and the Texas cotton belt to tidewater at Galveston, on the Gulf of Mexico. It embraces
Miles. Operated not oioned.
Road owned.
Miles.
Hannibal, Mo., via Denison &
Henrietta to Wichita
18
Whitesboro, to Henrietta.. 689
Operated jointly
June. City, Kan., to Parsons. 158 St. Louis to Texas Junction..
24
Texas Jet. to Franklin Jet. .. 162 Kansas City to Paola
43
Pt. Worth to Houston, Tex.. 327 Whitesboro to Ft. Worth
71
Paola, Kan to Sedalia, Mo..
86 Galveston Hous. & Hend
50
Branches (9) to Mineola, etc. 419
ance
—
,
Total operated
2,197
Operated separately.
Miles. Sherman Shrev. & Southern—
Road leased.
Paola to Stevens, etc
150
J'ffers'ntoGreenv.,Tex.,&c. 155
Organization, &c.— Reorganized in 1890, without foreclosure, [plan
In V. 49, p. 719,] the old first mortgage beuig paid off at par.
The entire capital itock of the " AI. K. & T. Railway Co. of Texas "
as trustee for the benefit of
ts deposited with Central Trust Co.
the M. K. <fe T. security holders. (V. 54. p. 1047 V. 55, p. 298.) M. K.
& Eastern was absorbed in .luiie. 1896.— V. 63, p. 30.
Purchase of Sherman Shreveport & Souti'crn was authorized in
May, 1899. on condition thit tlie road l>e extended from Jett'er-ou,
Texas, to Wascoin. 30 miles, and from Sau Marcus to San Antuuio, 60
miles, within two years.— V. 68, p. y77.
Land Grant.— Land grant in Indian Territory 3,110,400 acres, subject to extinsfuishment of Indian title. For status in 1897 au'i 1898,
see V. 67, p. 222 V. 65, p. 542, 594. (V. 55, p. 937; V. 61, p.ll55.)
Stock.— Besides stock as above the Boonville RR. Bridge Co. has
$1,000,000 stock; and the M. K. A T. of Texas has $2,012,500 of stock
Included t)y M. K. h T. in its l)alance sheet in the outstanding capital.
In 1896 common stock was increased to $52,450,000.
Bonds.— Full abstracts of the /ir«< mortgage of 1890 (trustee Central
Trust Company) and of the second mortgage (trustee Mercantile
Trust ("Company) were in V. 51, p. 495. These mortgages cover the
main line from Hannibal, Mo., to a point 80 miles from Houston, Tex.,
a distance of 941 miles [except 71 mUes of trackage] and sundr.\
branches, the total mileage mortgaged being 1,601 miles, including the
Sherman Shreveport <fe So., formerly the East Line & Red River RK.
The bonds of the Sher. Shr. & So., except $1,050,000 [turned over to M.
K. & T. tor standard gauging the line [are deposited as part security
Total owned
l,''i^6
;
;
Netearn.,lnc.oth.incir$3,9^3,939 ir$3,277,915 $3,332,887
Interest on bonds.... 3.061,760
3,061,760 2,983,960
Rentals.,
&c
397,422
365,507
332,534
$3,123,179
2,612,943
285,497
Ba lance
sur. $174,758 def. $149,352 8r.$16,393 sr.$224,739
$69,090 inl898and«137,000inl897.—(V. 68, p. 524, 572.9-7.)
^TUsNourl Pacific Ry.— (.See J»r«p.)— Operates important system of
roads extending westerly and southwesterly froui Sc. Louis, Mo., Including main lines from St. Louis to Omaha, Neb., 495 miles, and from
Kansas City to Denver, Col., 758 miles, with many branches in Kansas, etc. Throusfli the St. Louis Iron Mt. &, Southern, which it con rols,
connection is had with Texas and the lines of the Texas & Pacific,
International & Gre't Northern and ttie St. Louis Southwestern, the
whole forming what is known as the "Gould System," iu which the
heirs of Jay Gould are Largely interested (see list of Mr. Gould's holdings, V. 60, p. 83.) The Mo. Pac. property includes
Lines owned and controlled. Miles. Leased lines and trackage. Miles,
495 Boonville St. L. & Southern.
44
St. Louis to Omaha
Pleasant Hill to Joplin, Mo.. 133 Verd. Valley Ind. & West
81
12 branches owned
450 Leroy & Caney Valley
52
II
:
. .
W
Proprietary lines [entire st'ck
Kansas City & 8.
48
Trackage to St. Joseph, etc
o wn' d f orm'g line to Pueblo,
27
Col., etc
1,833
Total Mo. Pacific and branch lines
3,163
Also owns all capital tsock of Central Branch Union Pac. etc.. 388 m.;
St. Louis Iron Mountain & Southern and leased lines, 1.773 miles.
Grand total Missouri Pacific mileaKC January 1, 1899, 5,324 miles.
Organization, Leases, &c.—The Pacific RR. of Missouri was sold in
foreclosure September 6, 1876. The present company was a oonsolidatiou in August, 1880, embracing the Rlissouri Pacific and minor roads.
The bouds of the proprietary lines are practically all pledged to secure
Mo. Pacific loans. The Iron Mountain stock is mostly owned by the
Missouri Paciflc. Control of the International & Grea' Northern
was secured in 1892 and of Central Br. U P. in 1898. Iu 1899 ar]
rangements were made for purchase of Atchison Colorado & Pacifio
and At .lowell County & West, (included with Central Branch U. P.
mileage above), see V. 68, p. 329, 520. As to Texas & Pac, see below.
'83 to '87.
'88. '89.
'90. '91. None
since.
6^4
7 yearly.
5^4
4
4
3
Bonds.— The consolidated mortgage is for $30.000,000— trustees John
F. Dillon and iidward 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 Nev
York, trustee) are secured by mortgage bonds of new roads at $1*^00')
or $15,000 per mile; these embracing the line from Fort Scott, Kan.,
to Pueblo. Col etc For securities pledged, etc., see V, 46, p. 678.
Dividends— ) 1881.
Percent...
5
.
6
'82.
July,
RAILROAD STOCKS AND BONDS
1899.]
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90
INVESTORS'
SUPPLEMENT.
[Vol.
LXIX.
July,
AND BONDS.
EAILKOAl) STOCKS
1899.
91
Sobncrlbers will confer a srcat favor by cIvIiik Immediate notice of any error dlncovered In these Table*.
RAILROADS.
I
,,,,
Date
Miles
Size,
|B«n(/«--PrinciINTEREST OR DIVIDENDS.
'pal,When DUf.
Last
Outstanding Rate perl When Where Payable, and by *(/orfc»—
Dividend.
Cent.
Payable
Whom.
or
Amount
of
For explanation of ooliimn headings, Ac, see notes' of
Par
on ttrst page of tables.
Road. Bonds Value.
—
—
( Concluded)
Mo. Paoltlo Ist M., Lexington to Sedalla, Mo.gold
55
ConsoUdated luoitgage, $30,000,000, gold. ..e' 1,076
c'*r 1,120
Gold collateral trust
1st collateral niort. bonds for $10,000,000 gold.o"
671
Gold funding notes red. at par.. V. 6'2, p. 54 8...
"52
Ler. *Caney Val.let M. {$10,000 o.m.),gold.,gu.o*
Verdigris Val. Independence A ^\ Ist M.,g.,gnar.
81
M'tsfniri Pacific System— SI. Louis Iron. Mt. <e So.
MiMcniri Pacific
1880 $500Ac.
1880
1,000
1887
1,000
1890
1,000
1895
1886
1,000
1886
1.000
I
.
I
M
c
Gold luudlug notes, redeemable at par
c
Oar trusts Jan., 1899, due 10 percent yearly.
Baring Cross BrldgeCo.,lst n).,gold,red. to6p.»'.
Little Rock A Ft. Smith Ist M.,land gr. slnk.fund..
165
Rock June. Ist M.,guar. p.Al.bv Iron Mt..c'
Mobile <« Lirmmgh. R«.—Pref. stock ($900,000)....
2
Prior lien, gold, $1,000,000. (See text)
Ce.c i49
Mort., incomes, 4% to July 1, '99, $1,200,000. Me. c
149
A'.
^I..g.,
$4,000,000.0.
o*&r
50
Ist
Mobile dk OAto— Stock (.$10,000,000 authorized) gold
l8tM.,Mob.toCol.(prin.gold,iut.lawfulmouey).c*
472
Ist mort.. exten.,Colum. to Cairo A branch, gold. o'
55
General mort. for $10,iS00.000, (now gold) s. f...r 527
Montgomery Div., 1st mort., $4,000,000, gold.o* 192
Mobile A B.Sh.lst M., $200,000, gu..p.Ai..g.F.c*
37
Equipment bonds ($101,000 are bs)
Moh.<iMalone-\st M.,$15,000p.m..g..gw.p.Ai. (en.)o'
isi
Income bonds noncum., .5 per cent (see text)
a Only $24,269,000 of this listed on N. Y. Stock Fxcha
««<>»/« yacA-jtourf
1,000
S.
A$
1,000
l.OOO
1,000
1895
Little
C—
1873
1875 500 Ac.
1891
1,000
100
1895 aoo, ifioo
1895 20O, I,000
1896
1,000
100
1879 500 Ac.
1883
1,000
1888 500 Ao.
1897
1.000
1899 500 Ac
'89-'98
Rentals and taxes
Sundry accounts-
.
$8,407,689
$5,3^ 6,1 95
1,410,817
470,778
$8,177,611
$5,437,288
1,408,899
836,303
Freight
and miscellaneous
9.691.742
1,873,045
9,128,663
1,747,547
$6,053,127
$5,550,700
1,419,681
344,507
7,355,368
1,655,859
Grofs earnings
Net earnings
$14,111,277 $12,985,165 $11,065,391
$3,269,287 $3,246,934 $2,012,926
Dividends, interest, Ac, received.
790,580
787,852
494,814
Total net income
Interest on bonds
Taxes, rentals, Ao
Balance for vear
-V.
$4,059,867 $4,034,786
$3,058,438 $3,058,437
993,782
882,534
5
5
F.
;m.
A
a
A. N. Y. Mercantile Tr. Co.
n.
do
do
,
g-
ft
do
do
do
do
do
do
do
do
do
do
5 g.
$2,507,740
$3,034,224
924,132
sur.$7.647 sur.$93,815 def.$l,450,616
68, p. 824, 1025; V. 69, p. 27, 133.
.TllMMoiirl faclflc System— St. Lonls Iron ITIountaln &
Moutbern Ry.—r.S«e3/op.;— Owns St. Louis to Texarkana, Tex. Line.
490m.; oranches to Belmont, Mo., Bird's Pt., Mo. (Cairo), Camden, Ark,,
Helena, Ark., Cushman, Ark., Arkansas City, Ark., Warren. Ark., Memphis, Tenn., Ac, 747 miles; Houston Central Arkansas A Northern Railway, McGehee, Ark., to Alexandria, La., 190 miles; total owned January 1, 1896, 1,427 miles. Leases Little Rock A Fort Smith and Little
Rock Junction railroads, 176 miles; Kansas A Arkansas Valley RR.,
170 miles. Total operated December 31, 1898, 1,773 miles.
InJuly, 1999, holders of over nine-tenths of the $23,172,588 Texas
A PsclBc seconds bad agreed to exchange their bonds for 6."> per cent
in new Iron Mtn. gold -is bearing Interest from July 1, 1899. See
BoitDS below. V. 68, p. 329, 380, 474, 520, 572, «19, 725, 774.)
STOCK.- Stock was .$25,788,815, of which $2.5,707,275 Jan. 1, 1899,
wa.s )wned by Missouri Paciflc— mostly acqtiired In 1881. The stockholders voted June 2B, 1899, to infrease the stock to $80 000. 000 and
also to authorize the new $40,000,000 4 p. c gold mort. V. t9. p 27.
Bonds.-The general consolidated mortgage Is for $45,000,000, bonds
being reserved to retire all prior l.ssues. Nos. 11,001 to 18,000 inclusive are endorsed with the Missouri Paclflc's guaranty of principal and Interest; form of guaranty was in V. 56, p. 650. In Jan 1899,
$12,51 0.000 gen. consol. 5s were »(ild, the proceeds to be used towards
the retirement of the $2,500,000 A rkansaM Branch 1st 58, to be paid
at 105 on May 1, 189H, and the $4,000,000 St. L. A I. M. 1st 4>28 and
$6,000,000 2d .'•s called at 105 on Aug. 1, 1899. Upon retirement of
the latter the gen. 1st consols will become a Mrst lien on the entire
system. (V. 68, p. 85, ?33, 520.)
The new golfl 4>t of 1899 (Hrst Issue $30,000,000) maybe Increased
not over $10,000,000, at $12,<0O per mile, for construction or
acquisition and equli>ment of branches and extensions. They will lie
secured by a lien (subject only to the general consols on all the rail
roads, terminals and equipment of the company, and also a flrst and
only Hen on all stocks and bonds now einbraced In t'le triiMt of the
gold funding note Inflenture upon satlnfactlon thereof, all leatfd ami
branch lines, or their liond.s and stocks ac(|iilrcd by the loan, ami all
Texas & Paciflc seconds acquired, and all future exten.xions and
branches constructed or acquired.
Of the $30,000,000 at present authorized $1 ,250,000 are
Issuable to rf^tiro the entire
,
issue of Texas A Pacific seconfls, and $i2,lH,0H0 to retire at once
$3,952,000 gold funding notes and *3,4 12,000 Kansas A Arkansas
Valley Ist 5b, and also eventually $2,59H,000 Little Ho( k A Ft. Smith
bonds, $435,000 Little Kock Junction Ist «8, $t)83,000 car trusts, and
4
A.
A.
J.
M.
A
A
A
A
&
A
A. N.Y. Mercantile Tr. Co.
N. New York or London,
do
do
do
do
do
do
do
do
O.
O.
J
8.
Quar'ly.
J.
A.
A
A
A
A
A
J.
O.
Aug.
Nov.
Jan.
1.
1.
1,
1920
1»20
1917
1,
191
Aug.
Mar.
July
Mar.
1,
1,
1,
19i6
Aug.
Aug.
1.
1,
Apr.
Apr.
July
1,
1,
1.
1899
1899
19il
do
do
do
do
do
do
do
do
Jan.
Apr.
1,
19t
1,
19H>
1,
1,
1,
1946
1945
1946
1905
195
6
19 1
1929
Mar. 1, 1905
1899-1905
Apr. 19, 1898
J. N. Y.,J. P.Morgau&Co. July
July
.1. 2 p. c. jiaid in Mch., '9n
D. N. Y., Central Trust Co. June
.5
N.Y.
g.
5
Sept. 1.
g.
5-6
Up to
F.
M.
A D.
Q. — Jan.
M. A 8.
F. A A.
M. AN.
Various.
M. A 8.
5
(0
801.000
2,500,000
3,900,000
1892
1892
nge in Apr','1 899.
Balance
sur. $1,179,899
sur.$495,121 def.$l,261,761
Excluding Iron Mountain and other auxiliaries, the report shows
Tear ending Dec. 31—
1898.
1897.
1896.
Miles operated December 31
3,164
3,164
3,164
Passenger earnings
$2,546,490 $2,108,955 $2,054,164
Mail, express
g.
(?
g.
4I3 fi4.000,000
6.000,000
5
6 ga25, 834,000
6.956,000
5
See text.
4
4,723,000
5
683,000
6
200,000
6
2.342,500
7
6
435,000
900,000 Sec text.
600,000
5 g.
1,200,000 2 in 1898
5 g.
1,000,000
5,320,600 See text.
7.000,000
6
6 g.
1 ,000.000
9.547,000
4 g.
4,000,000
5 g.
1,000
1,000
As to collateral trust bonds due in 1920. see V. 50. p. 669, 874. On
Dec. 31, 1898, $2,636,000 were held pledged for Missouri PaoiHo funding notes of 1895 and $7,000,000 were outstanding.
Gener.vl Finances.— In April. 1899, over two thirds of the $23,172,588 Texas A Paciflo 2d8 had been deposited tor exchange for 65
per cent in s new 30 year St. L. A I. M. gold bond. (V. 68, p. 283, 619,
725,774.)
Earnings.—Jan. 1 to July 14 {6^ months), gross of Mo. Paciflo and
8t. L. I. M. A So. combined, $13,363,551 in 1899; $13,103,170 in 1898.
ANNUAL Report.— Fiscal year ends Dec. 31. Annual meeting is held
at St. Louis in March. Report for 1898 was in V. 68, p. 520. Earnings
of Missouri Paciflo system have been as below. "Other income" in
1898 Includes: Dividends American Refrigerator Transit Co., $31,968,
Paciflc Express Co., $144,000; interest on Iron Mt. general consols.
$37,900; int. on funding notes, $63,300; sleep'g car earnings, $114,063.
D98.
1897.
1896.
Miles operated
4,938
4,938
4,938
Total earnings
$26,744,822
$24,805,451
$22,011,960
Net earnings
7,572,254
7,351,340
5,520,636
Ratio exp. to earns
71687
(70-364)
(74-920)
Other income, Ac
835,435
826,271
532,492
Total net income
Interest paid on bonds.
6
I
St.L.&I.M.RR.oldl8tM..')8,calledatl05Aug.l.'S)9 210 1867
7s, called at 105 on Aug. 1. "Oft..
310 1872
do old 2d
Gen.consol. > nud gr.M. ($45,000.000)g.Me.c" 1,428 •81tO'7
f>o
do
gold, stamped, guar. p. A l..o* 1.42S
Unitled & ref. M., gold, $40,00 0,0( 0..
1,428 1899
Up
$650,000
14,904,000
14,376,000
7.000,000
6,712.000
520,000
806,000
J.
Ollice, 11 Pine St. Feb.28,'98,lflh
N. Y.,Parm. L. ATr. Co. Dee. 1, 19.7
do
do
July
1917
1,
N. Y., Gallatin Nat. Bk. Sept. 1, 19: 8
N. Y., Central Tr. Co.
Feb. 1, 1947
l8t Nat. Bk.,Mobilo,Ala May 1. 1949
N. Y., Farm. L. ATr. Co. Mar., '99-1908
N. Y., Knickerb. Tr. < o. Sept. 1, 1991
N. Y. Of., when earned. Sept. 1, 1992
$200,000 Banns Cross Bridge bonds and the balance, $l,636,00a
available for improvements. (V. 68, p. 619; V. 69, p. 27.)
Annual Report.— Report for 1898 in V. 68, p. 520. showed:
Tear ending Dec. 31—
1896
1898.
1897.
Gross earnings
$12,633,545 $11,820,285 $10,946,569
Net earnings
3,.507,710
4,302,966
4,104,405
Other receipts
37,677
44,856
38.415
Total net income
4,347,822
4.142.822
3,545,387
Interest on bonds
2.516,476
2,287,7.58
2,378,850
Taxes, bridge exp., rent'ls, Ac.
tl, 362,667
887,82
840,058
Balance for year
8ur.$l, 172,243 8ur.$401,304 8ur.$188.853
Includes taxes, $264,289; rentals. $381,096; car trust, int. A exoh.,
etc, $242,437.— V. 68, p. 572, 619, 824, 1025; V. 69, p. 27.
ITIoblle ec Blrmlnsbam
Mobile to Marion Junction. Ala.>
149 miles; opened in July, 1888. Leased to Scuthern Ry. from June 1
1899, for 99 years, the latter agreeing to meet the interest on bonds,
and also guarantee a dividend on the $90n,000 preferred stock of 1
per cent for flrst year, 2 per cent for second year and 3 per cent for
third year, and 4 per cent for the fourth year and thereafter. The
$900,000 common stock is owned by Southern Ry. V. 08, p. 429, 1134.
History.- Reorganizedafterforeclosurein 1895perplan V. 60, p. 657
Bonds.—The new prior lien bonds maybe increased at $18,000 per
mile if the 67 mile extension to the Cahaba coal flelds is built. In
1897 and 1898 (in March), 2 p. o. was paid on incomes.
Earnings.— 11 months. ) 1898 9
Gross, $359,226; net. $86,639'
July 1 to May 31.
^1897-8
Gross, 336,886; net, 76,247
Annual Report.— Report for 1897-8, In V. 67, p. l 306, shows gross
$360,295; net, $78,593; int., $54,000.
(V. 68, p. 429, 1134.
Projected from Mobile
IVIoblle Jackson
Kansas City
to Jackson, 186 miles. About 20 miles of roadbed were built in 1868.
In 1896 the Gulf City Construction Co. was organized to complete the
road. See V. 62, p. 457. On July 1, 1898. 50 miles from Mobile northwest to Pascagoula River were in operation, on which $1,000,000 of
bonds had been issued. Stock is $4,000,000. Among the directors are
W. D. Stratton, L. R. Bacon, of N. Y.; Pre8.,F.B. Merrill. (V. 63,p.459.)
fSee Mnp.)—Ovraa from Mobile, Ala., to Co.
Mobile
Ohio
lumbus, Ky., 472 miles, proprietary line, Kentucky A Tennessee RRCoto E. Cairo, 21 miles; branches to Columbus, Miss., Ac, 34 miles
lumbus, Miss., to Montgomery, Ala., 167 miles; with Warrior Branch,
9 miles, and Blocton Branch, 12 miles; total owned, 7) 5 miles; leases
St. Louis A Cairo (which see), Cairo to St. L., 152 miles, with branch to
Millstadt, 9 miles; total operated. 876 miles. In Apr., 1899, the Mobile
A Bay Shore Ry., whose entire stock is owned and bonds guaranteed,
was building from Pritchards on the main lino of the M. A O. to PortersvlUe on the Gulf of Mexico and Alabama Citv. a distance of 37
mill's, of which 25 miles were completed in July, 1899. (V. 68, p. 380.)
HiSTORr, Etc.— Opened in 1861
securities readjusted in 1879.
Lands June 30, 1897, were 450,776 acres, valued at $246,976.
General Finances.- The "Montgomery Division from Columbus,
Miss., to Montgomery, Ala., 168 miles, with branches, 23 miles was
fully opentd and operated as a part of the M. A O. RR. sv.stem on and
after July 1, 1898, $t,000 000 bonds having been issued there'or—
see V. 65, p. 736, and V. 66, p. 709, 1045. Bills payable and loans
June 30, 1898, $135,000.
Dividends.— First dIv. (1 p. c) paid Fob. 28, 1898.— V. 66, p. 184.
Stock.—Stock authorized, $10,000,000; outstanding, $5,320,600;
par, $100. The voting power on $^1,953,300 of the stock is exercised by
the general mortgage bondholders by virtue of the deposit in trust
under the general mortgage of the old debentures of 1879, upon which
this voting power was conferred.
Bonds.— Under the general mortgage of 1888 (trustee. Farmers' Loan
A Trust Co.) there can be no foreclosure'tlll four coupons are In default.
In May, 1895, the entire issue was made payable In gold. V. 60, p. 967.
Of the $10,500,000 authorized, the amount canceled bv sinking fund
to June 30, 1897, was $886,000; .$601,500 were in trea.sury and $7,415
t
RR.—
RR.—
&
&
RR.—
;
;
in trust.
Mortgage abstract.
A
V. 47.
p.
83.
Interest on $4.0C)0.000
Cairo 4s la guaranteed. As to $4,000,000 Mont. Dlv. Ist 5s,
see application to list In V. 66. p. 1045.
Earnings.— Jan. 1 to Juno 30, 1899 (6 inos.), $2,473,700; against
$2,072,217 in 1898.
Report.— Report for year 1897-98 at length in V. 65, p. 684, 694.
1H!»6.
1895.
Tear end'g .June 30— 1898.
1897.
Total gross earnings. $-4,207,319 .$3,8(i7,S58 $3,H19.07l $3,269,989
1,115, .'.03
1,293,869
Net earnings
1,283,895
1,300,745
1,034,354
Inter. St and rentals. 1,074,880
1,059,632
1,060,126
St.
Louis
$81,149
Balance, surplus*. .1I$225, 865
$234,237
1I$223,769
Equipment and now construction (additional to opemtlng expenses) cost $186,.5.57 in 1894-95; $143.645111 lM;)5-rt, $201,450 In 1896-7;
$141,874 In 1-97 8. Out of accum. sur. paid $53,000 (1 p. o.) on 1st
debs. In 1896-7 and .$53,206 d p. c.) on stock in 1897-8.— V. 68, p. 3M0.
•
nohawk Sc .TIalon- HH.—(Sre.Ma}>\. T. <7»-»/rn/.;— Owns from
Herkimer, N. V., on the N. Y. Central's main lino northerly to Malone,
OD the Central Vermont, with branches, 181 miles In all.
1
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MAP OF THE
mobilp: & OHIO ,f
KxVILPtOAD
AND CONNECTIONS.
*
I
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li;99
RAILROAD bTOOKS AND
9a
BUNDi?.
I
SHbiBorlb^TK will confer a ereat favor by sivtns linmedlnle notice of nnj- error rtUcovorod In these Tables.
RAlivKOADS.
For explanation of colmmi
on
first luiire
Miles
liea<liii>f}<. <&o.,
see uote8
of tablon.
32
in 189S, red. at par
Jfo>i<(7o»i'.//.Vi/Z,.-lst:M..f200,000,lawfiiliuouoy.o
Mont'goniiry if Frie A'l/. -Ust in. (old 7s_ext. in 'SO)
2d niortgUKfi ("Id 'i» extended in 1S87)
Horgan's La. <t 7f jns— st M. (N Or.to Moririuj C.) .C
l8t mortjCHK'e, Alexandrui Extension, gold
....
....
....
....
Kivtr
Ooneol M., $1,500,000
s... >.
f
102
157
204
1
General
Moms
<t
nioitj;aj.'e.....
Essejc—i^lwV, 7
i>.
o.
Wi^Liv
Kuar. D. L. & W
"85
l8t mortgaKe. sinking: fund
M
34
•
- - Convertible bonds
Gen. M. & l.st on Boonton Br. Ac. (CTar.D.L.&W.)
Consol. M. (for $25,000,000) guar. D. L. & W.o*&r
Bpeetal real estate bonds
Morris & Essex Extension stock, guar. 4 percent.
guar.)
3/< Carbon tf Fori Carbon RR.- Stock (rcnt'l
^N
Muscatine Ko. <t .so.— 1st M.. $450.000tfold
•
•
-
• - -
120
2
28
37
15
!
1871
1875
1,000
1.000
340
321
125
29
43
46
20
7
48
740
Con801. M.($2O.0O0.00O),$20.000 p.m.. gold. Us.
1898
1886
$26.000 due y'rly.g.c.
1873
1881
1877
1877
•77-'83
1883
1887
1887
1881
1888
1895
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
i'.ooo
;
Clarksburg,
KR.—Road from Fairmont to
is $1,300,000,
w' Va 31 miles. Road opened in 1890. Capital stock
par $i00; outstanding. $1,274,400. The firsts (Central Trust Co.,
N Y trustee.) are guaranteed principal and interest by the B. & O.
Consols "coal oonds". (trustee. American Bonding A Tru.st Co.. of
Baltimore) were authorized to pa* for the construction of branch
1«99. $336.62.
roads not more than 50 miles in length. On Jan.
consols were in the treasury. See description of tirst mortgage, etc..
p 6 of SUPPLKMENT. Ai>ril. 1896. There are car trust 6s. principal
1 .
outstanding Jan. 1. 1899. $98,379: interest $12,814; interest payable at Mercantile Trust Co., Baltimore. Md. Bi'ls payable Jan. 1,
1S99, $105,6S0.
Karndjgs.— Statement for year ending Dec. 31, 1898, was in V. 6S.
u 102O. showing, gross, $225,035; net. $110,727 int. and taxes. $39,"
In 1897, gross, $192,531; net.
502i: balance, surplus, $71,225.
$81,018; int. and taxes. $39, 145.-(V. 66. p. 950; V. 68, p. 1020.)
Owns road completed in Aug'
"Tlonterejr & Mexican Oulf
u«l 1891, from Venadito (on the Mexican International Railroad) via
Monterey to Tampico, on the Gulf, about 390 miles. See V. 62, p. 85.
History.— Purch<ised in November, 1895, at foreclosure sale, under
the let mortgage of 1888 by the Societe Anonyme Beige deChemln deFerauMexique, which has capitalization as follows: Capital stock,
10,572 Sio shares, each share representing $1,000 in bonds or
tuatured coupons of the Monterev A Mexico Gulf RR. Co. lOO^t'Bo
Income shares; first mortgage 4 per cent bonds, 4,000,000 francs,
being 8,000 bonds at 500 francs each. Augustus Frasez, President,
Brussels, Belg.; Condert Bros.. 100 Broadway, N. Y., attorneys.
EARNi>-GS».-6mo8. ending June 30, gross, $609,816 in 1899; $756,;
RR.—
For year ending Dec. 31, 1897, gro.ss, $1,416,656; net, $640,643.
Inl896, gross, $1,152,748; net, $399,226. (V. 65, p. 729; V. 66, p. 82.)
.Tlonteomery Belt Line Ry.— Owns real estate and a belt
line in Montgomery. Ala., about one mile of track on Tallapoosa.
Bell. Perry and Columbus streets. Alabama Midland Ry. pays an
annual rental of $15,525. The Plant Investment Co. owns 90 per cent
of the stock. Capital stock is $200,000 par. $100.
Montgomery Sc tirl*^ tty. —{Sf-e Map Erie Railroad .)— Owns road
from MontKomery to (iosheu, N. Y., 10 miles. Road opened 1867.
Leased in 1872 to N. Y. L. E. A W. (now Erie RR.— which .seo.) Rental
Stock, $1.50,000. Dividends (4i^ per cent per
is $16,000 per annum.
annum) are paid May 10 and Nov. 10. Sinking fund $6,500 per annum.
tl orean'n Louiiiiana &. Texan RR. &: !>iteamMhip Company*
~^See Map of Southern Paci/ic.)—Ro\D—0\vnn Algiers to Cheney ville,
204 miles; branches, 55 miles trackage to Alexandria, 24 miles; total
ral road lines, 283 miles steamship lines and ferries, 3,176 miles.
OHOAjnzATioN.—The Southern Pacific Company, on June 30.1898, held
«14,995,000 of the $15,000,000 stock and operated road under lease.
The leasee pays all charges and also 23 per cent of the net profits under
tbe "omnibus lease." Company has 12 iron steamships and 9 ferry
and rivfr steamers and tugs plying between New York and New Orleans and between Gulf ports also wharves, warehouses.
Earmnos.— 1 1 months, ) 1898-9. Gross, $6,220,860; net, $2,339,^^89
;
;
;
;
net, 1.568.614
n
July 1 toMav 31.
In year ending June .30, 1898, gross. $5,677,420; net, $1,738,850;
surplus over charges, $688,488; net profits due company under lease
to Southern Pacific. $746,172; income from investm'ts, etc., $179,113.
1897-8 Gross,
$700,000
If.
a
A.
|j.
&
i>.
2(U),0()0
J.
&
J.
A.
A.
IJ.
1,(100.000
5,194,48-<;
Itforrin Sc E«»»ex Kit.— (See. Map of Delaware Lackawanna dt
Western.)— owns from Uobokon, N. J., to PhilUpsburg, N. J., 85 miles;
branch, Denvllle, N. J., via Morris A Essex Tunnel, to Hoboken, N. J.,
35 miles; leases 37 miles; total operated, 157 miles.
Lease.— Leased in perpetuity to Delaware Lackawanna A West., which
Msiuned all liabilities and pays 7 p. c. per annum on the capital stock.
See form of guaranty, V. 56, p. 812.
Earjjinos.- The road is Important to the Delaware Lackawanna A
Western as a route with terminal facilities on New York Harbor, but
the actual earnings on the road show a larite annual deficit, for the
lessee company after the payment of rental. Tlie loss to lessee was
on M. A E. Divl.tion In 1898 $1,784,000; in 1897 $1,800,000.
Owns Mt. Carbon to Palo
Mount Carbon ic. Port Carbon
AltfJ. Pa.. 3 miles; second track. 2^2 miles; total track 19 mileM.
Leased March 5. 1860. for .50 yours to Phlla. & Reading liK. and lea-<e
MSumed in 1896 by Phlla. A Reading Railway. Rental .$36.2.50 yearly.
HR.—
MuKcatlne \orlli <k Soiitli RR.— Muscatine, Iowa, to Klrlek.
on Iowa Centra,, 2x u\\Ui*. with wIik^Ii ha^ tratllo contract. ()i>erat>!d
from Jan. 10, 1899. Stock. $450,000; all issued; par. $100. All Interest to Jan. 1, 1"J99. ti> l>w cimceled under construction contract
J.
J.
750.000
300,000
461,000
376.000
440,000
1 14.000
22,000
6,213,000
1
O.
O.
J.
J.
J.
5
J.
Feb.
Dee.
'
'
i
1.
1,
.lun.
1.
May
1,
Oct.
1.
1919
1946
1910
1926
1927
1918
1920
1913
do
do
do
do
do
do
May
do
do
do
do
do
Jan.
Oct.
June
1,
1.
1,
1,
1914
1900
1901
1915
Various.
May,
dii
,
"99,
2%
July 15 '99,6%
NY. e>e.-. A Tr. Co
an., '97. paid Apr., '9^1
.v..
Jan.
1929
1926
July
1,
1,
ashua, Indian Hd. Hk.
May.
'99, 4Ja
do
do
N. Y. and Nashville.
July
1. 1900
Nov. 1. '98,1%
J. N,.Y..ContlnentalN. Bk. July 1, 1913
J.
do
Jan. 1, 1901
do
J.
do
do
Jan. 1, 1917
J.
do
do
Oct. 1. 1917
J.
Jan.,1906A'23
do
do
J.
do
Jan. 1, 1923
do
J.
Jan. 1900 to' 17
do
do
J.
Julv 1. 1917
do
do
N.
Nov. 1, 1909
do
do
do
do
Apr
1928
0.
J.
do
ilo
Jan. l,'00-'20
A
&
&
6
A
6
6g. A8 J. A
J.
A
6g.
J. A
6
J. A
6
6 g- M &
5 g- A. A
J.
J.
J.
J.
Tr.
Y.,8.Pac.Co.,23Broad Apr. 1,
do
July 1,
do
do
July 1,
do
Y.. Del. Lack. A West. July 1,-99, 3»«
Q.-F.
7
6
iV
Goshen, N. Y.
do
do
M.
for '98
Am. Hond'g
Y., Metroijol'ii Tr. ("o.
A
A N.
J. A J.
lA. A O.
J. A D.
A5
M. A N.
4
J.A J.15
12
5 g. J. A J.
J. A J.
5
M. A N.
9
5
J. A J.
15.000.000
5.00O.000
28 1 .000
4.991.000
11.677,000
2,320,000 I.419
1.000,000
A
A
A
A
Dividend, %.
I
Y. Central Trust Co.
lit.,
M. A
130.000
40.500
5.000,000
1.494,000
98,000
750,000
800,000
100,000
10,000.000
6.300,000
Whom.
payable
/{on'/»--Prlnclpal, When Due.
67oc/c«— Last
-
by
1
1,1(!3.375
1.000 In treasury.
Hi.sTORV, Lease, Err.-In 1893, N. Y. Central leased the load and
after
its tirst mortgage bonds. The surplus In any year
pay
payment of the first mortgage interest for that year to of
2
dividend
not exceeding 5 per cent interest on the incomes. A
owns
per cent on the incomes was paid Sept. 1, 1898. N. Y. Central
incomes at any
the $4,500,000 stock, and has the option of retiring the
gold 4 per
time, and issuing in lieu thereof 2d mortgage guaranteed
to
centp due Sept. 1, 1991. See official statement V. 56, p. 501. As
sel V. 56. P 782. (V. 57. p. 22; V. 61, p. 926 V. 63, p. 116. 311.^
INTEKK8T OK DIVI1JJ;NL>B.
When Where Payable, and
^ent.
;-
guaranteed
Tlonon'^aliela River
^g
221.000
100
.
Kb.
D
Outstanding!
....
1880
M. on Tracy City Br. (Tenn. C. & I. RR.).o*Jir
IstM.on Bon Air Br., red. at par aft. July '97,... c*
g.
Duck R. RK 2d mortgage, now let mortgage, o"
Atl. lues. ($.572.000).
'
1889 $1,000
1895
1,000
1890
1,000
1866
1867
1878
1,000
1,000
1880
1893
1,000
50
1864 500 &c.
1869
1,000
Amount
282,3.50
let
&
;
Var'up
Musktgon Gr. Rapids <t Indiana— Ist uiort., gold..
Mashna <t I^ire/i-Stock,9 I'.c. rental.92 yra. B.&M.
Bonds not luortirage. n.-^sinned by lessee
HashviUt OhaHanooga <i SI. Lom*— Stock
o\tr
l8t mortgage (for $6,800,000)
;*'»^^
2d mortgage, gold or silver
.^aax",;
let M. on Fayette, and MoM.brs. ($6,000 p.m.)o*Ar
... .....c*
l8t mortgage on Lebanon Branch
l8t M. on Jasper Br. ($90,000 are 8s. due 1906)0*
c*ir,
let mortgage on Centreville Branch, gold
W
Size, or
Par
of
Road. Bonds Value.
Kll.-UX M.,^'.,gu.B.&0..end.e'
Monongahda
Dtite
of
1
A
President. W. R. Stewart, Jr.. Chicago,
Henry Jayne, Muscatine. Iowa.
111.;
Secretary and Treasurer,
Musl{e«:on Grand RapidN'dc Indiana RR.—>Owns road.
Grand Raxids to Muskegon. Mich., 37 miles trackage, G. R. A Ind. at
Grand Rapids, 3 miles. Road opened 1886, and leased to Grand
Rapids A Indiana RK., which was foreclosed in 1896. Stock, authorized, $350,000: par. $100; Issued, $1,000. Coupon of Jan., 1897. was
;
paid in Apr., 1899. Earnings for year ending Dec. 31, 1898, gross,
$124,099; net. $41,173 interest on bonds, $37,.500. In 1897, gross.
$117,462; net. $26,902. In 1899 Jan. 1 to June 7, SU mouths, groBB.
$19,182. against $49,995 In 1893. (V. 67, p. 74, 1309; V. 68, p. 824.»
Nashua dc Eiowrell RR.—Owns double track road from Lowell,
Mass., to Nashua, N. H., 15 miles. On Oct. 1, 1880, leased for 99 years
to Boston A Lowell. In 1887 lease was transferred to Boston A Maine,
which pays a rental of $73,000 (9 per cent on stock)
;
IVasliville
Chattanooga
Sc St.
Louis
lX.y.—(See
Map.)— Owns
Chattanooga, Tenn., to Hickman, Ky., 320 miles; branches to
Lebanon Ac, 447 miles; leases We.stern A Atlantic, Chattanooga,
Tenn.. to Atlanta, Ga., 137 miles; total operated, 904 miles. In
1896 the N. C. A St. L. directors leased the Memphis A Paducah Division (consisting of Paducah Tennessee A Ala., 119 miles, and Tenn.
Midland, 136 miles,) of the Louisv. A Nashv.; but see V. 67, p. 1055.
also see V. 65, p. 679. Middle Tennessee A Ala., Shelbyville, Tenn,;
to Decatur, Ala., 7^» miles, was jmrchased in October, 1897, and portion from Fayette ville, Tenn to Jeff, Ala.. 30 miles, was completed
July 1, 189p, and balance under construction- V. 67, p. 748.
OR(iANizA.TioN.— A majority Of the stock ($5,500,500) Is owned by the
Louisville & Nashville, and pledged under its unitled mortgage, etc.. so
that the two systems are operated in close harmony. The Western A
Atlantic is leased from the State of Georgia for 29 year« from Dec. 27.
1890, at $420,012 per annum. Jointly with L. A N. leases terminal
property in Nashville for 99 years (V. 65, p. 278) V. 67, p. 221, 320.
Dividends) 1888 1889 1890 1891 1892 1893 '94 '95 to Nov., '98
since 1887. J 414
5
5
5
5
3% 3^ 4 p. o. yearly.
The Feb 1899, dividend was passed, surplus earnings to be used
for additional equipment and reduction of floating debt; al.so the May,
18 9, dividend.— V. 68. p. 187.
Bonds.—The Tracy City branch 6s fall due $20,000 yearly on Jan. 1
to 1916 inclusive, and $100,000 on Jan. 1. 1917.
Con.solidated mort. of 1888 provides that all prior bonds shall be paid
otr at maturity: sufficient ot the $20,000 p. m. are reserved for them.
Western A Atlantic income 5s, see Suri'i.E.Mfc.VT January, 1898.
General Finances.— Bills payable incurred in purchase of Rome
RR. etc., were on July 1, 1898, $1,501,512. Consol. 58 for $575,000
issued on account of viid. Ten. A Ala. Rv., listed in 1898, making total
froii
,
;
,
listed to th.it time, $6,2 13.000.
Latest Earnings.—July
1 to
(V. 66. p. 617; V. 67, p. 29.)
May
31 (11 months):
Interest, ffc.
Hat. »ur
Xet.
$395,465
$5,640,126 $1,838,512 $1,443,047
5.224.263
1,8'.^5,089
425.459
1,399,630
ANNUAL Report.— Report for 1897-98 in V. 67. p. 732, 746.
1895.
rear ends June 30.
1898.
1896
1897.
902
905
Mileage end of year...
904
906
Grossearnlngs
$5,646,519 $5,116,118 $5,074,625 $4,608,502
1,882,142
Netearnlugs
1.982,724
1.911.448
1,910,275
18,424
Investments, etc
41,002
11
Gross.
»H08.
1898
1397
Netlncome
$1,982,724 $1,911,448 $1,951,277 $1,900,566
on debt and tax. $1,102,187 $1,088,4'20 $1,078,470 $1,077,425
420.012
W.
4'20,012
A
A.
RR.
420.012
420.012
Rental
Int.
Dividends
(4)
100,000
(4)
400,000
(4)
400,000
(4)
400,000
8ur.$60,525 8ur.$3,015 8r.$52.795 sur. $.1,129
Balance
67, p. 29,222, 715, 732, 746, 786. 1001,1055; V. 68, p. 187.
— V.
Decatur RR.-C^ee Map Louisville <t NashvilU.) —
Nashville. Tenn., to Decatur, Ala., 1 19 miles. Leased to
Louisville A Nashville for 30 years from July 1, 1872, at a rental of 6 p.
c. per annum on stock. The lessee assumed all the debt and owned ( luly,
1898) $977,7.50 of Its stock. On Oct. 10, 1896, sinking fund held
I), firsts.
bonds of face value $659,000, of whlcii $630,000 were N.
Under new lease for 99 yeari- from July 1. 19(>1. the rental \^ ill be
7'u per cent on stock, the 7s due July 1. 1900. to be retired and new
stock IsHM.d tlierefor to the L. ,V N.. whi. h will then own about
$3,000,000 of the stock.— V. 68, p. H28.
Nashville Florence ic .shelUeld liy .—( Sre Map Louisrille J
Niuf,pMe.)—Oviua from Columbia. Tenn.. to Shellleld. Ala.. 82 mile*,
with branch Iron City, Tenn., to PInckney, Tenn., 12 miles; oper
ates Napier br., etc., 14 mlbs total, 108 miles. Operated by Ix)ulsvllie
guarantees the principal ami Interest of
<S£ Nashville, which company
the bonds by endorsement. an<l owns $779. 400 of the $S72,3S5 sfdck.
par $100. Stock authorized, $2,000,000. For year 1897-8, gross, $336,
284; net. $132,515; Interest. $101,800 taxes, .$8,415.
.NHtloiiMl Doclts Ry.— Itoad extends from West Shore RR. n*
WeehawUeii to Cou-«tiibl«-M Hook, ,V. J.. *H} miles; Ci)mmuiilj>uw 1>:
51 miius; i)L..«r bruuobos 0/9 mil. *
0*38 miles; Kill vou KuU branch,
total, 8-31 miles; second track. 728 mile!*. Current ac.coant«, $18,067
Nashville
Owns from
&
A
;
;
94
INYESTORS'
SUPPLEMENT.
[Vol, LXIX.
July.
RAILROAD
I'-QG]
STOCKS AND BONDS.
Immediate notice of any error dlncovored In tiieiie Table*.
Bonds— Pnaoi'
INTEREST OR DIVIDENDS.
Siibaerlbers will confer a sreat favor by slvlii<;
RAILROADS.
of coliuuu headings,
on first page of tables.
For explanation
Ac, see notes
dt Decarttr—Stock, (fuar. 6 n. o. by L. & N.
let mort., Kiiar., s. f. ($200,000 lielrt In sink. fd.).
ifewA. Flor. dt Sheff.—\st M. ($2,500,000). gold, gU-O
c*
Jfashville rf ivnoj-riV/e— 1st luort. for $2,000,000..
yalio)ial Dorks Kailway—Stoo'k
tfeU. <t Ft.Shep.-lst M.,ltCT.. s.f., p.. $l,500.C00.c*
Hescnietioninq I'a/.— Stock subj. to call Sep. 1, 1904
Nevada— Calif.— Oregon— \»t M. $2,200,000, ROld.
lituhvUU
Nevada Centra'.— l&tM.
it.,
nou-cum.,
inc..
(s. f.),«"t>
go*
Netcark Somerset cC Strailsv.—l»tM..,e>xt.\n'SQ,
Neicbiirg Dutchess rf Con nectimt— Vol. trust bonds.
r
Inconic niortjtaKe for $l.ti25,000
Neic Castle <t Shenanqo rn/Zci/— 1st M., int. guar...
Netc England KR.— Common stock, $20,000,000...
Pref. 8tO( k. non-ciun., $.^,000,000, 3 p. ct., Ruar.
N.Y.A; N.E.lst M. ($(5,000,000 are Is) currcncy.C
lstcons.M.,$17,.^00,000, >;.,pu.,p.A-i.,end.ITIa.c*
N.Y.AN.E. Boston Term. iatM. for $1, .500.000.0"
Miles Date Size, or
Amount Rate per When Where Payable, and by
of
of
Par
Road. Bonds Value. Outstanding Cent.
Payable
\Vhoin.
119
119
105
87
60
"94
44
....
17
....
$2,352,032
J.
6
2,100,000
J.
7
2,096,000
5g. F.
1.189.000
6
M.
3,854,000 Seebel'w
1,408,000
6g.
1,418,600
5
1.000
1,000
1,000
1893
i",6b6
50
&
&
&
&
&
&
A
&
&
&
D.
Nashville.
N. Y., 120 Broadway.
A. N. Y. and Louisville.
N. N. Y., Mercantile Tr.Co,
J.
1,000
....
5
London Northern Stock
c*
Consolidated M., now Ist M. ($683,000 are 48).
N.Mex.Hy.dt CoaZ-CoLtr,!.'. ($3,000,000) rod.l05.IV
New Orleans <e North ^(rsffru— Prior Uenm., gold.c*
Ist luortpajte, gold
N. O. rf yorlhwesCn-CoU. tru-t M., K.,$500,000.(e
New Orleans J: TTes/.— Receiver's ctfs., $400,000. ..
Ist Terminal mortgage, $2,000,000, gold.S....c''
2d mortgage, $2,000,000, gold
Neirportd Cincin. Bridge.— Stoo^, $1,500,000
121
121
165
196
196
102
. •
* •
100
1880
1P97
1885
1881
1898
1898
1895
1897
1,000
1,000
1,000
1,000
1,000
1,500,000
1,500,000
2,500,000
1,320,000
5,000,000
500,000
9
4&5
5 g.
6g.
6
5 g.
400,000
6
It.
New
Q.—J.
J.
A.
A.
J.
J.
J.
J.
A
A
A
A
A
A
A
DaeStocks— htMt
Dividend.
Deo., '98,
July
Aug.
3%
1900
1937
1,
1,
1918
N. Y., Chase Nat. Bank
Phila., 108 So. 4th St. Mar.,'99, 2»fl%
N. Y., Moran Bros.
20 years.
J.
J.
S.
J'ne'9Snone
6 g.
No coupons j>aid.
750.000
J.
5 g.
18(?9 500 &0.
N. Nov., '95, coup, last pd.
800,000
1891
59
226,000
N.
X.
Y.j
Central Trust Co.
I'1877
When earned.
1.164,500
6
1,000
250,000
1887
6 g. J. & J. N. Y., Farm. L. & Tr. Co.
100
200,000 (unexch ed June 1, 1899.)
100
Vl 10,600
N.Y.N.H.&H.RR..N. H.
3
V
1876
1,000
10,000,000
6 A? J. & J. Boston, 8. Dep.A Tr Co.
1895
do
do
1,000
5,000,000
5g. J. & J.
1889
1,500.000
A. & O. Bos., S.Tenn.Co., R.425
4
1886
1,000
1,700,000
4
F. & A. N. Y. Cent. & Hud. Rlv.
1888
pal, When
See text.
July 1. 1943
1
321
361
Jersey Junction— l»X. M., >l"ar., $4,000,000.oJtr
Nein Jers-y <t Xew ForA-— Ske Erie RR. Co.
—
$25
1870
1887
1888
18
New
ifetc
95
J.
O.
O.
J
J.
J.
J.
London,
Office.
N. Y., Bk. of No. Amer.
N. Y.,N. Y. Seo.A Trust.
N. Y., Central Trust Co.
N.Y.,Mfiller,8chaUACo.
N. Y., Central Trust Co.
N. Y., State Tru.st Co.
Jan. ,'97, coup, last paid
July 2, 1938
Nov. 1, 1929
1921
June
July
Feb.,
Jan.
July
Apr.
Feb.
1,
1,
1977
1917
1899,1%
1,
1,
1,
1,
1905
1945
1939
1986
Apr., '99, 2»*
July
Oct.
Nov.
1,
1,
1,
1910
1947
1916
Jan., 1911
Jan.
July
July
1,
1,
1908
1900
1,650,000
1, 1946
5 g.
March 1, 1900
....
1,000.000
4 g. March.
100
1,500,000
1,000
412 g. J. A J. N.Y.. Farmers L.&T.Co. July 1, 1945
1,372,000
let M., $l,.=i00,000. e.,9. t. guar. p. & i. end by Pa. :3o.o* 1895
V PivldPiids o n thi.'> nnexcbanjed stock 3 p. o. per an num. payable every 4 mos. viz: Oct. 31; Feb. 28; June 30.
.
• >
1,000
1,000
EARNING.*.— for year ending June ao, I«y8, gross earnings, ifz54,693;
$l89,"al; other income, $2,065; charges, *25,905; dividends,
In 1896-97, net, $168,147. OtHoe,
$115,620; bal., surplus $50,271.
45 Broadway, New York.— V. 64, p. 518
Nelaon Sc Fort Sheppard Ry.—V. 66, p. 30, 772.
Neaqnehonluir Valley KR..— Owns from Nesquehonlng Junction,
Fa., toTaiuenend, Pa.,17 miles; Tunnel Branch to Lansford, Pa.. Imile.
Leased for 999 years (with 5 p. o. guaranteed on stock till 1905) to the
Lehlgb Coal & Navigation Co., which under its option proposes to retire
the stock at par and Interest on Sept. 1, 1904 see Item "Delaware DiTision Canal" in V. 66, p. 1139.
NeTada-rallfornla-Oreson Ry.— Reno, Nev., to Amedee, Cal.,
79 mile.*. In operation. Projected thence to and through Oregon. In
June. 1898. 141 miles had been located Stock, common, $2,200,000,
Bonds, $2,200,000 authorized, but
all outstanding; preferred none.
none issued in June, 1898. Year ending June 30, 1898, gross, $84,738; net, $19,668. E. Gest, Mgr., Reno, Nev.
Newark Somerset ic Straltsvllle RR.—Owns from Newark, O.,
to Shawnee, O., 44 miles; branch 3 miles. Leased to B. & O. till Nov. 1,
1929, for taxes and 30 p. o. of gross earnings, but minimum rental to be
$40,000. Interest on first 5s due May 1, 1896, was not paid. Security
holders were requested to commuLicate with the B. & O. advisory
committee; V. 66, p. 1236. Stock common $795,600, and preferred
$230,900 (par both, $50): $705,550 of the first and $191,850 of the lat!
ter owned by B. &. O. See mort., etc., p. 6, Sdpplement of April, 1896.
Reorganization.— Under the B & O. plan, given in V. 67, p. 688,
providing for the acquirement of the N. S AS, each bond will receive
$500 in the new B. & O. Pitts June. & Mid. Div Ist 3»as and $600 in
B.& O preferred. Depo.sits were to be made on or before Nov. 1, 1898.
See stdten.ent of B. & O.
V. 67, p. 7-8
Earnings for year ending June 30, 1898, were in V. 67, p. 1106,
«howing: Gross. $127,046: net, $5,400; taxes, $5,248; rental, etc.,
$38,114; loss to lessee, $37,962.— V. 67, p. 788, 954, 1106.
Newbnrg Dritohess & Connectlcnt RR.— Owns from Dutchess
Junction, N.Y., to Millerton,N.Y., 59 miles. A reorganization in 1877_
Stock, Etc.— Common, .$500,000; pref., $600,000; par $50. There
were Mar.. 31, 1899, $J26,000 coll. trust 5s; $1,164,500 income 68,
$42,500 of 5 p. c. real estate M. notes and $3,999 bills payable. In
year ending June 30, 1898, gross, $128,075: net, $32,633; interest,
taxes, etc., $20,222; bal., surplus, $12,411. (V. 65, p. 568.)
Ne*v Cattle 6c Slienango Valley RR.— Owns from Newcastle
Pa., to West Middlesex, Pa., 17 miles. Leased to Nypano RU. till 1982
Cor rental of 32 p. o. of gross earns., but interest on bonds guaranteed.
V. 68, p. 1075.
In June, 1899. a controlling interest in the stock waa acquired in
the Interest of the Krie RR.— V. 68, p. 1075.
Neiv England RR.—New Y'ork New Haven & Hart. RR. owns a
majority of the stock, and since July 1,1898. hasoperatedtheroad.vlz.:
Lines Owned.
Miles.
Leased lines.
CUSee this Co.)
Boston to Hopewell June, N.Y.215 *Norwich A Worcester RR 11.
66
Wlcopee to Flshklll Landing... 2 Rhode Island and Mass. roads. 14
Providence to Wlllimantic
58
(temporary agreement.)
Newton to Woonsocket, R. I.. 29 Rockville RR
4
East Thompson to Southbridge 18 Providence A Springfield RR.H 28
East Hartfort, Ct.,to Sprlngrd 28 Woonsocket A Pascoag RR.1T
q
Other lines
12
oper. under temporary ag't J
Milford branches
20
Double track
1/4 Trackage
25
•aet,
;
.
.
owned. 141 leased and 25 trackage]
528
Controls Norwich .fe New Vork Trans. Co.'s steamers, 1 25 miles.
HiSTORT.— A reorganization of the New York A New England, (sold
In foreclosure July 9, 1895,) per plan V. 58, p. 762. On June 1, 1899,
there had been exchanged or was held by the lessee all except $200,000
of the $20.000.<»00 common and $1 10,600 of the $5,000,000 preferred
Preferre stock not exchanged is to receive dividends of 3 per cent per
annum under 99-year lease.— V. 66, p. 334, 617, 10u2; V. 67, p. 126.
BOND.%.— The consolidated mortgage of 1895 is for $17,.500,000 of 5
p. 0. bonds; In February, 1897. $5,000,000 of consols had been Issued
and stainpfd guiiranteed principal and interest by the N. Y. Now
Haven A Hartford RK. Sec guaranty V. 64, p. 611. There are $10,000.000 bonds reserved to retire firsts, undisturbed.
AiTNUAi- REi'ORT.—Piscal year now ends Juno 30.
Report for year
1897-98 was given In V. 67, p. 897, showing: Gross, $5,;>7.i,644: net,
$i,34i',648; other income, IncludlnK net from Norwich line steamers,
$114,517; interest, rentals, etc.. $1,5.59,020: balance, deficit, $101,
855. In 1896-97. gross, $5,237,191; net, $976,100; other Income, *89.84«; Interest, rentals, etc., $1,308,041; balance, deficit for year,
$242,095.-(V. 67, p. 29, 126, 42.5, 428, 897.)
Jerxey Junction
Terminal road through Jersey (^ty,
Hoboken and Weehawken, about 5 miles. Leased for 100 years from
June 30, 1886, to New York Central which guarantees the bonds ubso
lutely and owns $100,000 stock. Connects with National Docks Ry.
NeMT Jer«ey dc Neiv York
Owns from Erie Junction, N. J.,
to GarnervUle, N. Y.. 29 miles: branches to New City, etc., 5 miles oner
Bt% to Haverstraw, etc., 14 lies; total operated, 48 miles. Erie RR.
Total, [362 miles
•
New
RR.—
RR.—
;
in April, 1896, purchased control.
Stock, $1,440,800 common; $787,800 preferred; par, $100. Control is with preferred stock and first
mortgage tUl 6 per cent has been paid on preferred for three years.
Earnings—Year ending June
30, 1898, gross, $283,197; net,
interest, etc., $53,428; balance, $406. In 1896-97, gross,
$265,390; net, $46,823.— (V. 64, p. 424; V. 65, p. 822 )
$5:^,834;
New London Northern RR.—Owns from New London, Conn., to
Brattleboro, Vt., 121 miles, and leases Brattleboro A Whitehall RR.,
Brattleboro to South Londonderry, Vt., 37 miles.
Leased for 99 years from Deo. 1, 1891, to Central Vermont. The
rental Is $211,000 per annum, which leaves a small surplus after providing for Inter., etc., and 9 per cent dividends. Taxes and Improve-
ments met by lessee, without claim on New London Northern.
Dividends.— 1888 to Jan., 1892, 7 p. c. yearly, then 8 p. c. yearly to
1893, inclusive, and since to Apr., 1899 (Inclu.), 2^4 p. c. quar.
Earnings.- Excluding Brattleboro & Whitehall gross for year 189697, $718,955; net $168,421. In 1895-6 gross, $663,786; net, $256,822.
Mr. Little's report on Central Vermont (V. 64, p. 61)6. showed earnings of New London Northern and Brattleboro A Whitehall for year
ending June 30, 1896, as follows: gross, $906,277; net. $334,085.
Mr. L.'s deductions for improvements, equlpmo't, etc., $23,148; rentals,
taxes, etc., $243,504; bal., surplus to lessee, $67,433.— (V. 68, p. 427 )
Ne-w Mexico Ry.
Coal.— (See Jlfap).— Owns El Paso A North
eastern Ry., under construction from El Paso, New Mexico, northeast
16'-> miles, to the Salado Coal fields. Fn July, 1899, 126 miles In operation. Entireline to be completed by Oct. 1, 1899. Stock, $1,000,000
The bonds are secured by deposit of all the stocks and bonds 'Of El
Paso A Northeastern Rv. of New Mex. ($2,700,000 of each), the stock
of the El Paso A 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. New
York office, 66 Broadway. (V. 66, p. 337.)
New Orleans, La., to
Orleans Sc North Eastern
Meridian, Miss., 195 miles; 159 are 60 and 36 are 75 lb. steel rails.
Stock $5,000,000 (par, $100), of which $4,320,000 and $4,900,000 Ist
68 are held by Alabama New Orleans Texas A Pacific Junction Ry. Co.,
to which was due July 1, 1897, $1,455,296 on coupon and $740,768
&
RR.—
New
an other accounts.
Earnings.— In 1898-9, July 1 to Mar. 31 (9 months), gross, $1,143,174, again8t$l,073,963 In 1897-8. Report for 1897-98, V. 67, p. 950.
Balance,
Net.
Other inc. Interest.
Tr. end. June 30. Oross.
1897-98
sur.
$1,396,929 $377,376 $1,865 $379,201
$41
1896-97
1,313,253
298,426
1,236
379,200 def. 79,538
p. 61 7, V. 67, p, 950.)
Tie-w OrleanM Ac Northwestern Ry.— Owns from Natchez, Miss.,
to Bastrop, La., 102 miles. Stoch. paid in, $4,500,000: par $100; 25
miles of road (Rayille to Bastrop) was completed with proceeds of cerIn March, 1898, receiver Hyde transferred the proptificates in 1894.
erty to the company under direction of the Court and receiver's debts
proceeds
paid with
of coll. tr. 5s July, 1898. These last are secured
by deposit of the old first mortgage 5s in trust For year 1897-98
(V. 57, p. 467; V. 67, p. 178, 275.)
(est.), gro.ss, $167,500.
Ne^v Orleans
T^estern Railroad.— Owns a belt railroad
encircling the city of New Orleans and connecting with all the rail
roads entering that city. Entrance to business centre Is ha<l over the
tracks of the East Louisiana Railroad. Owns a largo terminal property
at Port Chalmotte, containing about 2,300 acres, with 80 cotton warehouses, capacity of 250,000 bales, a grain elevator, etc.
Receivership— In June. 1899, W. C. Dotterer was appointed reInceiver, in place of C. B. Van Nostrand, resigned. V. t>9, \>. 1182.
terest due July 1, 1S96, and since is In default. V. 66, p. 134. In Aug.
1898, the receiver obtained authority to issue $400,000 receiver's
certificates to build additional cotton warehouses, etc. (V. 67, p. 320.)
Stock $6,000,000; nar, $100. In Februarv, 1897, a second mmtgago
for $2,000,000 was authorized, of which $1,000,000 Issued for floatlu*
debt and Improvement.s.— (V. 66, p. 134. 1046; V. 67, p. 320; V. 68, p.
11H2.)
Cincinnati Rrld<;e Co.— Owns bridge over the
New^port
Ohio River from Newport, Ky., to Cincinnati, O. Brldite opened 1872
anil reconstructed In 1895-96. Louisville A Nash, is under contract to
use bridge; annual rental, $115,000. Pa. Co. owns $1,345,700 stock.
Earnings.— For yenr ending Deo. 31, 1897, gro.ss $131,212: net,
109,910; Interest, $63,000; reconstruction, .50,000; biihince, deficit.
3,089. In 1896, gross, $120,427; net. $100,291: oharKes agaliist
income, $230,956; balance, doHcit, $130,665. (V. 63, p. 1011, ll.'^9.)
—(V. 65,
&
&
New York
llrooklyn
Ac
Manhattan Reach Ry.— Owns
from
Fresh Pond Junction to .Miinhattaii Heiidi (Cont^y iHlandl, and branches
to Bay Ridge and Greonpoint, 20 nillos, of which 10 miles double track.
Lkask, Etc. — a consolidation August 27, 1885. I^eased for 99 year*
from May 1, 1882, to the I>ong Island RR. ('o. at 35 per cent of gross
earnings, rental guaranteed to be at leasl 5 per cent on pref. stock.
Bonus.— The inr)rtgiige of 1HH5 is for $2,0(>0.(KK) and Is now a first
(V. 63, |>. 1116.) Trustee Is Central Tiust Conipaiiy. The L. L
lien.
RR. has attached to the bonds Its uncondltioiiHl Kuaruiity of principal
and Interest in addition to the memorHndum as t-o the louse previously
printed upon them. V. 56, p. 812; V. 64, p. 234; V. 68. p. 669.
—
.
INYESTOES' SUPPLEMENT.
96
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Allertou
Vol. lXIX.
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MEXICO RAILWAY
COAL COMPANY.
rRorKiniES.
<
EL
^
PASO & NORTHEASTERN
COAL LANDS SHADED
RY.
„„„^^
C5Z0
J
July,
KAILKOAD STOCKS AND BONDS.
1899.J
Subscribers
vrlll
confer a great favor hj fflTlns Immediate notice of any error discovered In these Tables.
RAILROADS.
1
For explanation of column headings,
on first page of tables.
j^jj,^^
Date
Size, or
of
of
Par
&o., see notes,
—
Neuf Tork Central A Hudson itirer— Stock
3.,S3 $30,000,000 ) coupon or reg.
N. Y. C. A H.,
reg
£2.000.000 S
Ist mort ...}
20
20
150
i
^1
J
I
819
819
certlfs., (N.Y. Central), nold, j!6.450,000.c.tr
I
(
819
.
I
y. r.
d
T.
<t
523
523
523
505
Greenir.I,.— PriorllenM.,gu.p..ti...IV.gxo*
to 12 p.c, 8% truar.
Preferred stock, lli^ to 12 per cent, 8% guar
o*
Consolidated mortgage, coupon or registered..
53
145
145
136
Refunding mortgage, $12,000,000, gold...Gc*Ar
r. Lcukaxeanna <£ Western—Stoc^, guar. 5 p. ct.
Ist mortgage, guar, by Delaware Lack. & West.o'
Constr. mortgage, guar, by Del. Lack. & West.-C*
3d M. Terminal Imp. (for $5,000,000), gu. p. & 1..
New Tork Lake Erie dt Western— See Erie RR.
214
214
214
214
HarZwi—Common, ims
If.
a As reported
July,
1899; the
amount
100
100
1885
outj standi
A. & O.
650,000
5
1,726.000
5g- A. A O.
4,000,000
4.000,000
6 g. M. A N.
1,000,000
A^ g. !M. A N.
100,000.000 4 In 1898 Q.— J.
al9,:{76.000
7
J. A J.
a(i..'il5,l96
6g.
a4, 1.58.000
4
5
a.'").2J7.000
a683.000
n6.045,000
5
34,115.000
3^
refn nding began
New York & Canada RR.— Owns
Rouse's Point, N. Y., 113 miles
;
Lease. Etc.— Leased In perpetuity and virtually owned by the Delaware A H. Canal Co., which guarantees the bonds, and has $3,760,741
See debenture guaranty, V. 64, p. 181.
1 nrested in the property.
Year to 5 1897-8
June 30. < 1896-7
-(V. 64, p. 181, 234
:
Oross.
yet.
$937,829
937,892
$250,725
253,839
Charges.
$279,'764
280,703
Balance.
$29,039
26,864
def.
def.
V. 67, p. 1054; V. 68, p. 976.)
Ne^v Tork Central ic Hudson River Tt,Vt..—( See Jfap.^-Includes:
Lines oirned.
New York
Miles.
442
378
to Buffalo
Branches
Lines leased. IT See this co.
495
West Shore
TT
6
Troy & Greenbush
H
6
Spuyten Duyvil A;Pt. M...ir
136
New York & Harlem
IT
Carthage
&
Gouvemeur
Adirondack
New York A Putnam
Fall Brook Rv, etc
Beech Creek RR
Total
Controlled
IT
46
IT
13
61
& OswegatchielT
IT
239
203
2,807
— Operated separately.
5 Lake Shore A Mich So
1,413
624 Michigan Central
1 ,642
182
IT
The N. Y. Central Division has 287 miles laid with four tracks.
H18TORY, Ac— Control of the Lake Shore and Michigan Central roads
was acquired In 1898, as stated below. In 1898-9 their earnings
were reported separately, but the dividends on their shares held by
the Central caused the large increase in t he item " other income."
The Fall Brook Ry. lines have been leased since May 1, 1899, formiDg, together with the Beech Creek RR., the Pennsylvania divi.^ioo.
New Jersey Junction
Rome Watertown A Og
Mohawk & Malone
1;
11
Oa July 30, 15'99, the directors of the N.Y. Central voted to lease
the Boston A Alliany RR- for 999 years at a guaranteed rental
of 8 per cent per annum on the $25,000,000 B. & A. stock in quarterly
Instalments. The B. A A. stockholders will vote upon the lease on
Sept. 27, 1899, adding 389 miles and a through line to Boston to the
Central system. V. 69, p. 78. As to opposition to lease, see V. 69, p. 178,
Capital 8TOCK.—In May, 1895, $4,571,700stockwa3 listed on the Exchange, making total listed $100,000,000 V. 60, p. 874. Dividends
on stock registered in London are payable In gold at 49 ^ad. to dollar.
;
Dividends since
5
'86-9. '90. '91. '92. '93. '94. '95. '96. '97. '98.
'99.
1885. Percent. ? 4 yrly. 4>2 4i2 5 J4 5
4 Inc.J'ly,3
5 414 4 4
Bonds.- Description of debentures was on page 3 of Supplement
of April, 1895. They are all secured by the refunding mortgage of
1897 equally with the Z^s. Ref. mortgage is for $100,000,000, of
which $70,377,333 reserved to retire existing bonds at or before maturity and $14,622,667 for premiums; the remainder ($15,000,000)
Is reserved for new construction after 1903.
The mortgage covers
all the road, franchises, leases, equipment, etc., and will retire all the
company's former Indebtedness, both mortgage bonds and debentures.
In Feb., 1899, $32,447,000 3ia8 of 1897 ha<l been Issued to retire $26,893,912 of old bonds. V. 68, p. 380.
Collateral trust S^^s of 1898 are secured respectively by deposit In
tm.<it with the Guaranty Trust Co., mortgage trustee, of stock of the
Lake Shore A Mi higan 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 ot S^s are $100,000,000 for Lake Shore and $21,550,000 for Michigan Central. The loans are secured by separate
deeds of trust. See V. 66, p. 288, 336, 760, 811.
Guaranties.- The company guarantees the securities of its leased
Unea to a considerable aggregate— see separate statement for each company marked with a IT in the table of mileage preceding. It also guarantees Western Tran-slt Co. A^s for $1,000,000 due February, 1903.
General FiNANCES.-The refunding of the $70,377,000 of old hlglilnterest-l)earing bond'i into the 3^i* of 1897 during the years 1898 to
1905 will eticct a savinjr of .^1,200,000 per annum In interest charges
to June 30, 1898, $21,480,986 old l)onds had thus been retired at an
annual savin? in interest charge ot.$l97,711.— V. 67, p. 54.
In Jan., 1899, the company had acquired $45,210,000 of the rapital
stock of the Lake Shore road In oxchanite forSi^ p.c. l)ond9 (see al)ove),
leaving «J. 256, 500 afloat, Inchnling $533,500 gu.iranteed 10 percent
dividends (see V. 06, p. 288, 336, 1238), and also $16,073,400 of MIcli.
Central stock, leaving $2,664,600 still outstanding. V. 66, p. 760, 1238.
;
AirwUAL Report.— Fiscal year ends June 30. Report for 1807 98 was
given at length In V. 67, p. 527, 591. Advanc i -statement for 1898 9
(partly estimated) was In V. 68, p. 1223. See also editorial p. 1200.
Tears end. June 30.
Freight earnings
Passenger earnings ..
Mall, express, etc
$27,490,130
1807.
$25,8.50,731
13,2.50,801
13,094.020
5,027,309
4,669,0.53
.$43,614,404
4,300,000
$45,774,240
$16,263,226
2,251,472
.$21,524,000
$18,514,098
$16,680,228
1899.
Total gross earnings.. $45,950,000
Net earnings
Other Income
Net Income..
16,''2 1,000
1808.
$10,014,493
665,735
J.
J.
g.
g.
Checks mailed.
N.Y.,U.8.Mort.&Tr.Co.
Oct.'98,2»a%
Oct.
1,
London, Baring Bros.
N.Y.,D. & H. Canal Co.
May
May
1,
1,
N. Y., Gr. Cent'l Stafn.
N. Y.,Gr. Cent. Siation,
A J. London, Union Bank.
A N N. Y., Or. Cent. Station,
A
A
A
A
A
A
do
do
do
do
do
do
8
8
D.
J.
A.
A.
do
do
do
do
do
18,511,000
do
14,000,000
11,000,000
5,000,000 2 in 1898 March.
Y.,Gr. Cent. Station.
Y., Union Trust Co.
19,425,000
4 g. lA. A O.
240,000
M. A S.
5
Y., Central Trust Co,
281,000
F.AA15
do
do
5
1,500,000
M. A N.
New Y'ork.
8,646,0.50 12 In '98 See text IN Y.,Gr. Cent. Station,
<lo
do
1,353,9.50 12 in '98 See text]
do
M. A N.
do
12,000,000
7
3i2g. M. A N.
From May 1, 1900.
10,060,606
5
Q.-J. N. Y.,byDeLLack.AW,
do
12,000,000
do
6
J. A J.
F. A A.
do
do
5,000,000
5
do
5,000,000
4
M. A N.
do
'
from Whitehall, N. Y., to
branches, 38 miles; total, 151 miles.
4
,T.
M.
M.
M.
g.
3J«g. F.
3i2g.,F.
^0,5.38,000
,
wh en
Due.
Stocks— Imk\
Dividend.
$350,000
1,000
1874 £100&n
1896
1,000
100
1873
1,000
1873
1,000
1853 500 Ac.
1884 l,OOOAo'
1889 l.OOOAc'
1890 l,0OOAel
1897 l,000&c
1898 1,000 Ac
1398 1,000 Ac
100
100
100
1887
1,000
1892
1,000
1896
1,000
1896
lOOAc
50
50
1872 1,000 Ac
1897 1,000&0
100
1880
1,000
1883
1,000
1890
1,000
ng
-'pal, When
When Where Payable, and by
Outstanding Rate per Payable
Cent.
WTiom.
100
Debentures, 1984, $10,000,000 ) All eq'ly f .. OAT
secured
r
Debentures, 1889, $1,000,000.
Debent's, g., s. f.. $13,194,000. (by mort. 1 c*Ar
Refund.M., $100,000,000, gold of 1897. (.CeAr
OoUat. trust, g. ($100,000,000) L. Sli. stk.G.o'Ar
($21,550,000) Mich. Cent. stk..G
do
do
If. r. CMcagod St. Louis— Common stock
2d preferred (5 per cent, non-cmuulative)
Ist preferred (5 per cent non-cumulative)
Ist mortgage gold, sinking fund not drawn. .c*itr
Equip, tr., "A" gold, $60,000, Sept. 1, yearly.. C.
Equip. tr.-'B"gold $23,000 due yrly Feb.l5,C.o&r
ff.
INTEREST OR DIVIDENDS.
Amount
Road. Bonds Value.
If. T. Brooklyn dt ilanhat. i?eac/i— Common stock..
Preferred stock, nou-cumulatlve
o*
Ist con. M. (now 1st M.) gold, guar, oy L. I
Heir York <i Cauarfa— Stock
c*
Ist mortgage starling, guar. D. & H. Can
Debentures, g., guar. p. &i. end. Del. & H. Canal.
Debt
97
Is
given In
first left
Payments—
)
Taxes on earn, and stock.
Taxes on real estate
Reserved for deb'tures..
1904
1904
July 15,' 99,1%
Jan. 1, 1903
Jan. 1 1903
May 1, 1905
Sept. 1, 1904
Sept. 1, 1904
June 1, 1905
July 1, 1997
Feb. 1, 1998
Feb. 1, 1998
Mch.
1,'98,
2%
1937
Yearly to 1902
Yearly to 1911
May 1, 1946
July 1, '99,4%
Oct.
July
1,
4%
1, '99,
1, 1900
1, 2000
May
May
July
Jan.
Aug.
May
'99,
1,
1,
1,
114%
1921
1923
1928
hand column
1899.
Rentals paid
Interest on debt
1986
$15,400,000]
I
1898.
$5,972,422
5,480,105
224,460
1,883,240
300,000
4,000,000
$654,471
1897.
$5,924,736
4,126,490
228,905
2,048,230
300,000
(4) 4,000,000
$51,867
300,000
Dividends
4,000,00^ (4)
( 4)
Balance from operat'n.
$1,524,000
* Operating
expenses include $800,000 for new equipment
.
.
in
1897-8; $870,000'ln 1898-9.
President, S. R. Callaway. -(V. 68, p. 187, 233,332,379,380,573,773,
870, 872, 1223, 1226 V. 69, p. 26, 78, 178.
rSee Jfap of New Tork OenIVevr York Chicago
St. Louis
Iral <£ Hudson iJi»er.;— Owns from Buffalo, N. Y., to Illinois State Line,
except 8 miles leased between Dunkirk and Silver Creek, leaving 494
miles leases the proprietary line, Chicago A State Line RR., III., State
Line to (Jrand Crossing, 10 miles; also leases Dunkirk to Silver Creek.
8 miles; total, 512 miles; trackage in Buffalo, N. Y'., l^a miles, and
Grand Crossing Chicago, III. (Lake Shore RR.), 9 miles.
HiSTORT.—" Nickel Plate" road, foreclosed and reorganized in 1887.
Stock.— Lake Shore A Michigan Southern owns $6,240,000 common
$6,275,000 2d preferred and $2,503,000 1st preferred stock.
;
&
RR.—
;
Dividends.— On ) '91.
March 5 3^2%
Bonds.— A sinking fund
'92.
'93.
'94.
'95.
'96.
'97.
'98.
'99
4 none. 5% none. 2% none
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 fimd lapses for that year, thus leaving $100,000
more for dividends. The original issue of bonds was $20,000,(K)0, and
it has been reduced to present amount by the sinking fund purchases.
Statement of road under mortgage In Supplement of Sept., 1894. See
abstract of mortgage. V. 45, p. 541.
Latest Earnings.—Jan. 1 to Mar. 31 (3 months):
Ist pref. in
3
3
—
3 mos.—
1899
1898
Oross.
Net.
0th. inc. Int., taxes,
etc.
Balance.
$1,107
$300,317 sur.$13,081
$312,291
def. 42,738
299,801
255,838
1,225
ANNUAL Report.— Report for 1898, V. 68, p. 923. Principally a freigh
line, freight id 1898 contributing $5,330,676 out of $6,391,421.
1896.
1895.
1897.
1893.
Tear end. Dec. 31—
$6,391,420 $5,815,217 $5,587,766 $6,317,950
Gross earnings
977,605
1,228,231
1,084,592
1,035,270
Net earnings
987,248
1,236,814
1,091,891
Net, incl'g other Inc'e. 1,041,226
777,000
777,000
bonds
777,000
Interest on
777,000
112,972
83,000
116,542
Equip, trust charges.
112,392
95,507
94,190
90,694
Rentals
93,373
250,000
(2)100,000
Dlv. on 1st pref*
$31,306
$3,086
$7,655
Balance, surplus
$58,461
•Note.- Dividends from earnings of vear given are paid in March
of following year. Pres., William H. Canniff.— V. 68, p. 283,923, 978.
Neiv York & Greenivood Lake Tty .—(See 2fap of Erie RR.)—
Owns from Jersey City, N. J., to Greenwood Lake, 41 miles, and
branches to Ringwood, etc., 8 miles; Watchung Ry.. Fore.st Hill to
Orange, N. J., 4 m.; total owned, 53 m. Stock, $100,000; par, $50.
Lease. -On May 1, 1896, was leased to the ErieRR. for 999 years from
May 1, 1896, for interest on prior lien bonds. In September, 1897,
$48,000 of the $1,500,000 prior liens were held to retire old incomes
yet unexchanged. Prior lion bonds are guarauteel, principal and Interest, by Erie. See V. 63, p. 513; form of guaranty V. 65, p. 463.
New
$1,633,566
1,569,358
Harlem RR.—
Owns New York City to Chatham,
York Sc
N. Y., 136 miles (four-tracked 7 miles north of Ilarlom River). Use
Boston A Albany RR. to Albany, 24 m. Also owns Fourth Ave. St. RR.
Lease.— The property (except the horse railroad) was leased April 1.
1873, for 401 years, to the N.Y. Cent. A Hudson River RR. at 8 per cent
dividends on stock and Interest on bonds. N. Y. Central ami HarhMU
stockholders on Oct. 5, 1898, voted that the saving In Interest charges
of $420,000 per annum from refunding $12,000,000 7s at 3^ ptr cent
should go $200,000 to the Harlem and $220,000 to the Central, but the
matter was allowed to go to the court.s for sottlenient. V. 07, p. 737,
690, 483. The hor.so road was leased In July, 1896, to MetropollUn
Traction Co. for 999 years at $3.50.000 yearly (3>a p. c. on stock) for 5
years and $100,000 (I p. c.) tliereafU>r. V. 02, p. 1088. Stock Is also
entitled to lieneflt from proceeds of certain real estate sold In July,
1899. See V. 67, p. 2i3; V. 09, p. 180.
ANNUAL DIVIDENDS 1897 TO JULT, 1899.
8% (Jan. 4%, JiUy 4%)
Guaranteed by N. Y. Crtntral
From Met roinlltan Street Ry. rental... -. 3»«% (April 1 ^»%, Oct. l\%}
Extra as mt. on investments (V. 07, p. 178)...>ii% (April '.»*o, Oct. \%)
Open accounts, Including inve.stinents, July 1.1898, w.«re $1,428,006. and Income from Interest thereon In year 18<)7 98. $40,067.
-V. 05, p. 27, 40; V. 07, p. 178, 2'^3, 321, l**:?. O'.>0, 737; V. 00, p. 181.
!Vc*v V<»rk Lackawaiinn Sc U'culcrn Ry.—Blnghamton to Buffalo and fntenuifl Bridge ami branches. 211 mllns, nf which the main
line, 213 miles. Is doilblt^ track; Dolaware I.. A W. has a lease for duration of cluirtfT from October, 1 H82. giving a guaranty of the lionds and
5 per cent yearly on the stock, liondsand sfork belnif endonted. .^ee fonn
of guaranty of terminal bonds In V. 07, p. 1357; see aliwi V. 68, p. 283.
V. 67, p. 1309, 1357 V. 68, p. 283.
—
;
9i
mYESTORS' SUPPLEMENT.
[Vol. LXIX.
July,
1899.
RAILROAD STOCKS AND BOND
j
99
MnbscriberM will confer a sreat favor by sivlns immediate notice of any error discovered in
RAILROADS.
Miles
Date
Size, or
of
Par
For explanation
of
of ooluran headings, &o., see notes
Road.
on flrat page of tables.
iV.
r.
rf
L.
i?r.-Gen. M. (now
Hew York New Haven rf
Ist)
38
38
$2,-,00,000, g.c-j
J
ifarZ/torrf— Stock.
See text.
1st mortgage (for $5,000,()00)
i'23
r
Debentures, exchanireable for stock 1903
c*j
Deben.. $10,000,000, currency, non-oonvert.c&r
N. Y. Prov. & Boston, Istraort., assumed
o*
Gen'l mort. for $4,000,000, gold, assumed. .oAr
Shore Line 1st M., N. Hav. toN. London, assumed'
Housatonic old consolidated mort. (assumed)
New oonsol. mort. ($3,000,000) g. (assumed). c"
BON'Ds OF Proprietary, etc., Lines:
Bos. A N. Y. Air L. Ist M., N. H. to Wllllman., Ct.O*
Colchester RR. l.st
Danburj- &, Norwalk con. M. ($100,000 are 68). o'
Genl. M.,Danburv,Conn.,to Wilson Point, &c.o*
HarlemR.&Porto.i8tM.guar.($l,000,000 68).oAr
oAr
2d mortgage, guar. (See V. 56, p. 813)
Naugatuck IstM., Xauga. Juno, to Wlnsted, Ct.r
New Haven & Derby 2a mort. (nowlst)
c*
Consol. mort for $800,000
o'
.
.
M
Funded coupon certificates
A No., consol. 8. f. $15,000 p.
Northern Extension bonds
N. H.
yr.,
12
62
49
74
80
51
3»«
36
36
12
12
55
13
13
il4
27
not drn.o*
c*
Deb'tures ext. in '96, non-conv.,V. 62, p. 548.0*
Holyoke A W., leased, mtge. $200,000, guar..c*
"l7
New Kngland and Old Colony— See those cos.
513
PawtuxetV. 2dM. (IstM. owned byN.Y.N.H.&H
Providence A Worcester Ist mortgage, currenoyi
51
Nantasket Beach, 1st mortgage
N.T.O.d TT.— Ref. (l8t) M. $20,000,000, g.. Me. 0*41 Text.
;
INTEREST OR DIVIDENDS.
Amount
Table*.
^ou(/<— Prim i
pal, When
Outstanding
tan
Rate per| ^lien [Where Payable, and by
Cent.
"
Payaltlel
W^hoiu.
$192,000
5
4
A
A
N. v.. Liberty Nat. Bk.
1.50 0.000
I
Bonds Value.
1891
1891
tlieiie
$
$1,000
1,000
g.
g.
600,000
25,000
500,000
150,000
2,000.000
1,000,000
150,000
225,000
575,000
480,000
1,200,000
700,000
700,000
200,000
5
7
5
6
6
A7
A.
A.
4
4
7
5
6
6
5
5
1
1880
60.000
1897
1,000
1,500,000
1880
250,000
1892 l.OOO&o b 14,597,000
New
A
A
A
A
A
F.
5
1941
1,
S.
N. Y., Lincoln Nat. Bk.
J.
J.
A
Sept.
do
do
Sept. 1, 1941
M.JO New Haven, Co.'s OHice. J'no 30,'99,2%
'
N. Y., Chem'alNat. Bk. June 1, 1903
100 a54,733,200 Sin 1898
1883 l.OOOA
4
2.000,000
1893 lOOAo. 16.397.200
4
1897
4
3,000,000
1881
4
300,000
1,000
1892
4 J?.
1.000
1,000,000
4I4
1880 l.OOOAc
200,000
1880 500 Ac.
4
100,000
1887
1.000
2,839,000
5 g.
1880
1,000
1877
1880
1,000
1883
100
1873
1,000
1881
1.000
1883 l.OOOAc
1870 500 Ac.
1888
1,000
1888
1,000
1879
1,000
1881
1,000
1886
1,000
1891
1.000
S.
DueStocks— LaM
Dividend.
6
4
A.
2ifl
A.
A.
4g. M.
do
do
O.
O.
S.
Apr.
Apr.
do
N. H., Nat. N. H. Bank.
New Haven,
O.
N. N. Y., Farm. L.
See text.
Mch.
York,
do
Mch.
Conn.
Apr.
A Tr. Co.
Nov.
A A. N. Y., Lincoln Nat. Bank Ang.
& J.
July
A J. New Haven ,Conn.
July
A O.
do
do
Apr.
A O. N. Y., Chem'al Nat. Bk. Oct.
A D.
do
do
June
A D. New Haven, Ct., Treas. June
A A. New Haven, Conn.
Feb.
A N.
do
do
May
A
A
A
A
A
A
A
O.
J.
O.
.
Feb.
Apr.
Apr.
July
Apr.
Apr.
Hosp. AT.Co Oct.
Apr,
N. Y. Office, 56 Beaver. June
O.
O. Prov.,R.
O.
S.
do
do
do
do
do
do
do
do
do
do
I.
1,
1,
1,
1,
1,
1,
1947
1901
1942
1,
1,
1,
1,
1,
1,
1,
1.
1,
1.
1.
1,
1,
1,
1906
1907
1920
1926
1908
1911
1913
1900
1918
1900
1909
1911
1904
1911
1,
1,
1,
1,
1900
1947
1901
1992
1910
1910
1937
j
a Only $52,308,600
New
listed to
Yoric I.alce Erie
Ne-w York 'Sew
July 21, 1899.
&
It'estern
I
RR.— See Erie RR.
Haven & Hartford RR.— Covers
New England
and embraces the only direct routes between
And Boston.
It includes
Co.
Southern
New York
:
Leased (part Owned.)
Miles.
Lines Owned in Fee—
Miles. NewEng. RR. (which see)
528
Junction near N. Y. City to
Old Colony RR. (which see).. 61
Springfield, Mass
122 LitchHeld, Conn., to Bethel
38
Lines to Providence, Pittsfleld,
Lines Le-^sed
294 Providence A Worcester
etc
48
Leased and Controlled—
Other lines
20
Lines to Turner's Falls, etc.... 299 Trackage to N. Y. City, etc
22
Otherllnes
43
Total oper. July, 1898 (83mUes has four and 654 two tracks).. 2,030
H18TOHT.— A consolidation in 1872 of the New York A New Haven
•nd the Hartford A New Haven. In years 1892 and 1893 acquired
control of several companies whose bonds are given in table above.
The Housatonic, Shore Line, N. Y. Prov. A Boston and the Shepaug
Litchfield A Xothern have been absorbed by consolidation. See also
Old Colony.
In October, 1895, a controlling interest in the New England RR. was
acquired, and in 1898 practical amalgamation waseflfected. Seebelow.
In 1895 acquired the entire stock of the Fall River 88. line and later
the entire stock of the Providence & Stonington Line.
Electric Railways.— In 1895 control was acquired of the Stamford
St. Ry. and the Meriden Electric Ry. Electric railway between Hartr
ford and New Britain, 10 m., was opened in May, 1897. V. 67, p. 732.
CAPrr.vL Stock.- Stock authorized, $100,000,000.
It may be Issued
for Improvements, bujing stocks and bonds of leased roads, Ac;
$16,397,200 will be needed to take up the convertible debentures in
1903. (V. 56, p. 289, 373, 579.) In June, 1898. application was made
to list on N. Y. Stock Exchange $7,100,000 new stock, to be issued in
—
exchange for the shares of the New England and Shep. Litch. A Nor.
BRs., which increased the total issue to $54,733,200. Of the new stock
$3,351,000 was Usted July 1898. V. 66, p. 1090. 1138.
Dividends.— ) 1873-1893.
1894.
1895 to Mar., '99, (incl.)
Per cent, s 10 yearly.
9
8 (2 per cent quar.)
Bonds.— The convertible debentures of 1893 for $16,397,500 are exehangeable at option of holder "on April 1, 1903, or within 60 days
thereafter, and no longer," for company's stock at par. If not then
exchanged they will be paid in cash April 1, 1908. See V. 55, p. 1035,
and description page 4 Sup. of April. 1895. Non-convertible currency
debentures for $10,000,000 were authorized in April. 1897. Under the
lease New Haven road "assumed" the debt of Old Colony. In 1897,
g5,000.000 New England 5s were guaranteed and sold. V. 64. p. 611.
Lbabkd Line Stocks.— The stocks of the leased lines unexchanged
on June 30,1898,orlater, and the dividends payable thereon are shown
below, the shares being all $100 each excepting Danbury A Norwalk,
which are $50 each. 'The leases are for 99 years.
Stocks—
Berkshire
Total, issue.
XJnexch.
$600,000
$599,000
Divid'd.
6
p. 0.
p. c.
Period.
Q.— J.
A. A O.
4
1,404,000
184,300 Pays no divid'd.
5 p. c. J. A J.
153,600
1,027,800 10 p. c. J. A J.
4
J. A J.
93,400
New England, common
20,000,000
237,000 Pajs no divid'd.
do
do
preferred
5,000,000
124,400 3p.c. Oct.31,&c
N. H. ANorthampton
4
A.AO.
2,460.000
5,700
Old Colony
O.-J.
7
16,608,900 11,080,900
Pawtuxet VaUey (par, $ ri))... 100,900
7 p. c. J. A J.
100,900
Btockbrldge A Plttstteld
Q.-J.
447,200
6
448,700
General Finances.— October, 1897, "every note of the company had
been paid."- see V. 65, p. 564; V. 64, p. 374, ()64. In Deo., 1898, $1,
800,000 out of $3,161,400 treasury stock was pold to retire*!, 000,000
V. Y. Prov. A Boston 1st 7s and $1,300,< 00 New Haven A Northampton 78 maturing Jan. 1, 1899. and $2< 0,000 Housatonic KB. rolling
Stock certificates maturing July 1, 1899. V. 67, p. 732, 1208. "Bos
ton Terminal Co.'s" station wa.^ opened Jan. 1, 1899—806 p. 152.
Earnings.- 9 months ending Mar. 31
(Earnings of New England.
Bhep. L. A N. and L. I Sound properties included since July 1, i8!t8.)
9 mot.
Bal.,»nr.
dross.
Net.
Oth. income. Int., lux etc.
1898- 9.$28,422, 615 $9,732,923
.$5,83.'-).248
$4,50(i,«G«
$608,991
1897-8. 22,704,097
3,052, .'i*7
4,627, ()3»5
186,916
7,493,567
B.
A
N. Y. Air Line pref
2,998, .500
common.. 891,100
Danbury A Norwalk
600,000
Naugatuck
2,000,000
N. H. A Derby
447.000
do
do
:
,
AKNDAL Report. - Annual meetng
Report
for 1897-98 In V. 67. p.
Tr. end. June 30.
1898.
Miles operated..
1,464
held third Wednesday in Oct.
732. Statements Include Old Colony.
1895.
1896.
1897.
1,464
1,464
1,464
Is
Pa88engereamfl.$l 5,901,669 $15,967,864 $16,274,100
FrelKht earns... 14,081,857
13,772,071
13,340,213
Miscellaneous...
339,212
299.459
315,256
$15.2!»H,().56
12,30!»,»54
293,725
Gross earnings.. $30,322,7i 8 $29,623,333 $30,345,630 $27,901,735
Net earnings.... $9,431,062
$8,837,708
$9,580,077
$9,208,403
Other Income....
234,825
601,068
614,071
8.55,685
Tot.netlncoroe$10,032,120
$10,194,148
$10,064,089
$9,072,.533
1897.
1896.
1895.
$883,999
333,988
3,450,172
1,647,744
3,803,516
$826,091
660,766
3,418,105
1,492,237
3,608,542
$694,548
111,983
3,322,407
1,464,605
3,794,290
1898.
onfxmd.dbt. $1,024,138
Other interest...
28.995
Rentals
3,370,477
Taxes
1,688,871
Dividends
3,809,816
Int.
Balance
8ur.$109,823 sur.$74,729 sur.$58,348 def.$315,302
Pres, Charles P. Clark, New Haven.- V. 68, p.332, 474,928; V. 69,
p.
81,129.
N cw^ York Sc laons. Bra nch RR.— Perth Amboy to Bay Head, N.J.
38 miles. Leased in 1888 for 99 years to Penn. RR. and Cent. RR. of
N. J. which jointly and severally guarantee interest on bonds and 7
per cent dividends on $2,000,000 stock. The $1,500,000 1st 58 were
called forpayment on June 1, 1899, and replaced by an equal number
of gen. 5s, which thereupon became a first mortgage on the entire
property, V. 68, p. 283.
Newr York Ontario
Sc
Western Ry.— C/See
Jfap.;— Operates
from Weehawken, opposite N. Y.
Road Owned—
Oswego to Cornwall, N.Y
Branch
do
do
to
New
Berlin
toDelhi
City, to Oswego, on Lake Ontario:
Miles.
Road Oontrolled.die.
MiU*.
272
22
17
to Ellenville
8
Total owned
319
Trackage (till 2079) W. Shore RR.:
C'nwalltoW'h'ken(V.61,p.425) 53
Organization.—The
Pecksport Conn, (all owned).. 4
Ontario Carb, A S. (all owned.)
Cadosia,N.Y.,toScranton,Pa. 54
Rome A Clinton (leased)
1113
Utica Clinton A Bing. (leased). 1131
Wharton Valley (leased)
7
IT See this Go.
Total operated July 1.1898. .481
New York A Oswego
closure Nov. 14, 1879, and this
company
Midland was sold In fore-
organized.
Stock.— Stock is $58,118,982, (par, $100), of which $5,00013 old pref.
Voting Trust.—The preferred was originally $2,000,000, but all except $5,000 has been exchanged for bonds under act of June 8, 1885.
The exchanged preferred stock is held alive under a voting trust and
elects eight of the thirteen directors untler a provision of the "Articles
of Association," until a dividend shall have been earned and paid upon
the common stock. The voting trustees elect directors In the interest
of the common stock. See V. 61, p. 425. 426. and editorial, V. 65. p. 495.
Bonds, Etc.— iZeAmrfinflr mortfirajre for $20,000,000 covers 319 miles
of road owned, all the securities of the Ontario Carb. A Scranton Ry.,
54 miles, and all other property hereafter acquired. On retirement June 1, 1899, of the 58 of 1889 tliero were $15,437,000 of the
48 Issued or Issuable; the remainder of the $20,000,000 will remain
available for additions, improvements, etc.— V. 67. p. 579.
General Finances.- In Jan.. 1899. the coal properties at Scranton,
Pa., of the Lack. Iron A Steel Co., estimated to contain from 25,000,000 to 80,000,000 tons of anthracite coal (tliecapacitvof the collieries
then open beint; about 800,000 tons per annum) had been purchased
W.— V. 68, p. 41. See also V. 68,
by parties interested In the N. Y. O.
In March, 1899, the Scranton
p. 429. As to refunding, see above.
Coal Co., owned by the N. Y. O. A W. Ry., purchased additional coal
&
properties near Scranton, the combined properties having a daily
capacity of 1,500 tons.— V. 68, p. 429. In March, 1899, .$740,000
refunding 4s were issued for improvements, etc.— V. 68. p. 474.
Earmno.s— 11 months. ) 1398-9... Gross, $3,942,829 net, $1,239,076
51897-8... Gross. 3.598.901 net, 1,029,382
July 1 to May 31.
For 10 mos. ending Apr. 30. 1899. net. $1,240,077. agst. $1,076,080;
other inc., $120,847; charges, .$803,227; sur...$558.597, agst. $389,666.
Annual Report.— Fiscal year ends June 30. Annual meeting last
Wednesday in September. Report for 1896-97 was given at length in
V. 67. p. 477, 485; see also editorial, p. 45S. Coal traffic in 1897-98
1,605,508 tons (out of 2,479,292 toDS), against 1,653,596 In '9(!-97.
189<i.
1897.
1898.
rear end ina.June 30.
$3,779,335
$3,894,403
Gross earnings
$3,914,635
2.698,558
2,780,497
Operat'g expenses and taxes. 2,801,642
;
;
Balance, not earnings.... $1,112,993
Tot. net income.lncl. "other." $1,199,739
615.000
Interest on mortgage bonds..
Mlscell. Interest and discount
182,278
Rentalspald
$1,080,777
$1,162,242
605.000
371
181,302
$1,113,906
$1,196,706
609,055
4,478
183,263
$375,569
$399,010
$-102,461
Balance, surplus
President, Thomas P. Fo\vlcr-(V. 68, p. 41, 2>*3, 332. 429.474,928.)
IVevif V«»rk Ac iHlnivn ilH.— Incorporated in July, 1497, and ac:vew
quired the Northern New York RU., Tuj>iiir.'« Luke to Molra, N. V., 56
miles. Cornwall, Canada, to Ottawa. 57 nillex, operated from July 29,
Mno from Tuppcrs I.iiki' to Ottawa. I-'B nillcH. In opcriitlon,
1H1I8.
except the bridge over the St. I-awrcncc. (-'apltnl mock authorised in
tO
annti.rr.lw.r 'l8dH,
1 aciw
U^ IxVlncreaHcd
In.
lii<r<.!l u<><l from'
rnilll $1,4H(»,()()()
.« 1 .4 HO.OOO to
tO $.J,0()0,0()0.
$.'i.0<>0.0<>0. t<
to
ScpN'ir.b'er.
I
ac(|ulre stock of subslilliiry conipiinlei*.
18H1), $2,540,000 stock was oiitxtandlng.
per nille':firstmortiraKe. $15,000: Mfcoii'
1189.) Year eniliuK June 3(), 189H,gro
$8,304. Cliainnan Is (leorge Foster
572; V. 60, p. 1189; V. 08, p. 525.)
1
V. f
p. 118!'.
(>.
Monds 1ib\
•
e
On Mm.
.'U.
been authorized
(V. flO. p.
net. fL-^.'-S; chnrjres,
iife. $.'>,o(H).
i
:
..-(V.
«.'>,
\<-
i'^'-.
41Z
100
INVESTORS' SUPPLEMENT.
[Vol. LXIX.
JCLY.
1899.
KAlLliOAD STOCKS
J
AND
101
BOJJ^DS.
Sabscrlbern will confer a great favor by sivtiig liumodlato notice of any error dlncovercd In thcne Tablen.
RAILROADS.
INTEREST OR DIVIDENDS.
per When Where payable, and
1
Miles Date
Size, or
Amount
of
of
For explanation of column headings, Ac, see notes
Par n„fit,....ii.,.. R"te
Road. Bonds Value ""i«iimtim«
on ttrat page
pasre of table.
Cent.
"
Whom.
Payable
iBonds—PTiml-
- pal, When Dne.
by Storks— Ltmt
Dividend.
1
1
Ollaira ifR.— 1st M., $3. 500,000. ...Sx.c'&r
2dM. Incomes (onui. after July 1, 1900), K.S...r
Sew Tork <t Pennst/lrania—l»t M., !{!420,000
y. T. Phila. rf .Vorro'f/t— Ist M., f 3,000.000, «.
Income mort., if., nou-cuni., reK,($1.000,000)
.v. r. <e Putnam.— S.Y. & No., Ist mortgage, gold.c
N. Y. A P. 1st con., $6,200,000, i:., (Hi. p.Al. end..c*
-V. r. <e Hock. B'h.—l»t M., $1,000,000, gold, gu..c*
r
^Income bond-*, non-cumulative
JV T. iSusquehaima it We^l.
Midland RR. of N. J, Ist mortgage, gold
c
Paterson Extension RR. Ist M., real estate, g..o*i
N. Y. 8u8. A W. Ist M.. refdg, g. ($5,000 are'6s)..c*
2d mort.
miles. o*
y. r.
rf
.
.
.
FP
FP
—
....
ii2
112
57
57
....
....
72
1
;
($1,000,000 itold) 3d M. on 73
General mortgage for $3,000,000, gold
c*
Collateral trust bonds, subject to call, cur..
Termina; Ist mort. for $2,000,000, gold..i;s.o*&r
Car trusts
Stibsidiar}/
. .
1880 500A0.
1881
1,000
1887
1,000
1887
1,000
1890
1.000
1895
1,000
1893 1,000 Ac
3,500,000
250,000
3,750,000
453.000
2,547.000
373,000
2,000,000
213,680
1892
1897
1893
1895
1890
1882
1889
1896
3,000,000
450,000
478,000
companies —
Wlliesb. & feasfn, Ist M., gold, guar. p. A l.rg.c"
8usq. Connect. RR. 1st M. g.,rea. at 105, guar c
N. Y. & Wilkesbarre Coal Co. Ist mortgage... Co
2d M. (pledeed under Col. Tr. of 1395)
N. Y. A CJntario Land Co. 1st M., gold .
If. T. Tejcas it Mejc.—l9t. M.,g.,$or i.gu.by So.Pao.C"
Norfolk it Caro/i/rn— 1st M. for $1,5(J0,000, gold.o*
2d mortgage, $500,000, gold
S. Ba., o
tforfolk it ,Sou/Afrn— Capital stock
1st mortgage, $10,000 per mile, gold
A. o*
Sorfolk Va. Beach it So.— 1st M., gold, red. at 105
yarfolkJC: West. By.— Common stock, $66,000,000
Adnistment pref. -t p. c. uon.cum. $23,000,000..
New York
134
134
134
1897 l.OOO&o $1,728,000
1897 1.000
630,000
1896 100, Ao.
380.000
1899
1,000
2,500,000
1899
1,000
1 .000,000
1887
1,000
1,200.000
1894
1,000
4,025,000
1887
1.000
981.000
1887
1,000
1,000.000
A;
PeniiMvlvanta
42 miles.
65
....
.
91
110
102
104
104
40
1,000
1,000
500
Pledsred,
500
$
1,000
1.000
RR.— Oswayo, Pa., to Canisteo.N
Nevr York Pennsylvania Sc Olilo RR.— See Erie RR.
New York Pblladelpbla ^k Norfolk RR.— Delmar, Del.,
to
Cape Charles, Va., 95 m., and King's Creek, Md., to Crisfleld, 17 miles.
Reorganized In 1898-99 without foreclosure, per plan in V. 66, p. 760.
Secukities.— Stock, $2,000,000; issued, $1,714,375; par, $50; represented by negotiable trust certiiicates issued by Fidelity Insurance
Trust &• Safe Deposit Co. of Phila. Of the $3,000,000 1st 48, $500,COO are reserved for improvements.— V. 68, p. 773, 978. As to incomes, see V. 68, p. 978.
Earxtsgs.— 5 1897
gross, $905,372; net, $163,136
Year.
gross, $945,833; net, $200,231
—V. 67. p. 275, 1357; V. 68. p. 188, 724. 773, 978.
H896
New
Putnam RR.—
Owns 155th Street and 8th Ave.,
Y'ork &:
N. Y. (?lty (terminus Manliattan Elevated), to Brewsters.N. Y., 54 miles;
double-track branch to Yonkers, 3 m.; operates 4 m.; total, 61 miles.
History.— Successor to the N. Y. & Northern, sold under foreclosure
of 2d mort. Dec. 28, 1893, and purchased for N. Y. Central A Hudson
River RR., which operates it under lease— see V. 63, p. 754, 820, 1159.
Stock.— Capital stock is $6,500,000; par, $100.
Bonds.— The New York Central guarantees the new consolidated
mort. bonds, of which $1,000,000 were reserved for improvements; also
$1,200,000 to retire at maturity the lirst 5s.— (V. 66, p. 83, 135.)
Ne^vYork Sc RocUsiw ay BeacliRy.— f See Map Long Island RR.)
Owns from Glendale Junction to Rockaway Park, with branch, 12
miles, of which 10-31 miles double track, mostly 80-lb. steel; leases,
1'93 miles; total. 13-93 miles; trackage to Lon^ Island City, Brooklyn, Far Rockaway, etc., 18 miles. Stock authorized and outstanding,
$1,000,000; par. $100. Controlled by Long Island Railroad Company,
whose endorsement is printed on first mortgage bonds. For year
ending June 30, 1898, gross, $212,578; net, $69,393; interest, $49,
200; bal., deficit, $20,193. In 1896-97, net, $42,385. (V. 66, p. 1046.)
—
New York
Snisquetaanna 6c Western RR.—Operates direct
from Wilkesbarre and the Wyoming Valley coal fields to Jersey
City oppclte New York City, with branches, a total of 238 miles:
lAnes oicned in fee.
Miles.
Miles.
Lines leased, etc.
Jersey City to Gravel PI., Pa.. 101 Middletown Un. A Water GapTf 14
[Double track 19 miles.]
65
Wilkesbarre & Eastern
Two bridges, N. J., to Unlonvllle 21 Susq. Connecting RR..
10
Other branches
24 Trackage
3
line
Total road operated (Usee this co.) June 30, 1898
238
HiSTOKT.—Consolidation in June, 1881, of the Midland of New Jersey,
and on April 25. 1893, with Hudson River RR. A Terminal Co. In
J 898 nearly all of the capital
stock was exchanged for .stock of
the Erie RR., which operates the line as an independent outlet to New
York. See V. ^6, p. .'3, 83 and 759. The formal transfer to the Erie
took place July 1, 1898. V. 67, p. 74.
Stock.- Pref., $13,000,000; com.. $l.',000,000.— V. 66, p. 759, 857Dividends.— ) Nov., 1891, to 1893.
None
On
pref., p. ct.
BOKD9.—The
000.
2ia yearly.
5
issue of refunding mortgage
since.
bonds
limited to $3,750,Of the general mortgage Ss, bonds are reserved to retire the
second mortgage
-i^a.
is
See mortgage abstract, V. 52,
p.
84.
The
seconds are exoliaiigeable for generals on payment of $60 per bond.
On N. Y. Stock Exchange .$2,547,000 generals listed to October, 1898.
As to termina/ bonds listed in Sept.. 1893. see Snrpi.EMENT of Jan..
1898. aprt abstract of mort. V. 57, p. 512. The Wilkesbarre <t Easter-n
Ist 5s (Guaranty Trust Co., formerly N. Y. G. A I. Co., trustee) are
unconditionally guaranteed.- V. 60, p. 481.
Susquehanna Connecting RR. issued .$500,000 of bonds guaranteed;
$25,000 are redceirifd at each interest period. (V. 65, p. 409.)
The New Jersey .Mtnlnnd Junior securities are exchaneeable Into
stock of this company on certain terms, and have mostly been so
exchanged. There are also outHtandlne $70,000 Passaic A N. Y. RR. Cs,
due 1910 (int. J A Di, interest on which Is guar, under 999-year lease.
Ear.vings.-II months, > 1808 9. .Gross, $2,189,440; net, $1,017,310
July 1 to May 31.
925.179
n897-8.. Gross. 2. 121.094; net.
Report.- Report for 1897-98 In V. 07, p. 897, showed on 238 miles:
Year.
Chnrges.
Bal. Stir.
Gross.
Ot/i. Inc.
Net
1897-98
$2,329,119 $1,022,132 .$29,009 .$931,425 $lli'.71«
1696-97
2.265.880
934.76.1
....
....
88,438
- (V. 66, p. 335, 574, 665, 769, 857, 901; V. 67, p. 74, 897, 900.)
Ne"W Irork Texas Sc ITIoxIcan \ly.—'Sfr Map of Southern
Paci/i e. J— Ovrnn from Kosenbcrg to Vl< tona, Texas, 91 miles. Htock,
$630,040, of which Soutlu
Paciric Company owns .$615,000. There
are also $60,500 old sixes outstanding
Operated by the .Southern
Pacific Co.. which guarantees the 4 p. c. bonds. In 1899 the Galv.
Har. A Han Antonio intended to apply for permission to purchase the
line— Hre that Co.
m
N.
J.
&
J.
Homell8ville,N.Y.ofJice
.1.
Phila.,
M.
A.
A.
M.
A
A
A
A
A
Jan.
5
g.
g.
A.
J.
J.
4iflg. P.
V.
A6g.
M.
M.
A
A
A
A
A
A
A
26 80. 15th
1,
1,
Jan.
Jan.
8t.
New York City.
O.
O. N.Y., Or. Cent. Station.'
8. N. Y., U. S. M. A Tr. Co.
None paid.
1,
1,
1,
1,
Oct.
Oct.
Sept. 1,
Sept, 1,
1917
1912
1939
1930
1927
1993
1927
1927
O. N.Y.,Of. 26Cortlandt8tl Apr. 1, 1910
do
do
June 1, 1910
D.
do
Jan. 1, 1937
J.
do
Feb. 1. 1937
A.
do
do
Aug. 1, 1940
A.
do
do
May 1, 1905
N.
do
do
May 1, 1943
N.
do
do
A D.
S.
M. & N.
6
5
F. & A.
6
4 g. A. A O.
5 g- A. A O.
A- J. A J.
4Inl8&8 Q.-J.
5 g. M A N.
J.
do
Jane
1,
Office.
Mar.
Nov.
I,
1942
1907
1,
19!:
do
J.
&
&
Nov.
July
York.
N.
New York
ii: M. A
400,000
2,000,000
1891
1,000
830.000
1898 500 Ac.
250.000
5g. J.
100 64 ,479.400
100 22,734,100 4 In 1899 F.
100
In Dec, 1898, contract reported let for extension from
Oswayo, Pa., to Milport, N. Y., 6 miles. Stock, $500,000 (par. $100);
outstanding, $462,0110. For year 1897-98, gross, $42,949; net. $11,104;
charges, $18,286.— V. 62, p. 1178.
Y..
547,000
1,457.500
1,320,000
A*
A
.r.
6
6
New
M.
N. Y.Of. 26 Cortlandt at
3
Feb. 1, 1910
Apr. 1, 1912
Apr. 1, 1939
Bait. SafeDep. ATr.Co. Jan. 1, 1946
N. Y., Atlantic Tr. Co. JulylO,'99,l%
do
May 1, 1941
do
N. Y Guaranty Tr. Co. Jan. 1, 1948
N. Y. Central Tr Co.
N.Y.,8.Pac.Co.; London.
N. Y., Central Trust Co.
.
,
A. N. Y.. Olf., 40 Exch. PI. Feb. 24,'99,2%
Earnings.— 11 months,
) 1898 9
Gross, $287,893; net, $123,221
July 1 to May 31.
$1897-8
Gross, 338,430; net, 180,235
In year ending June 30, 1898, gross, $362,452; net, $188,496;
surplus overtaxes and charges, $69,478 In oaleudaryear 1896, gross,
$298,997; net, $143,024. Due So. Pacific Co. June 30,1898, $374,568.
.
New York Wyoming Sc W^estern RR.—V. 68, p. 283, 472.
Norfolk Sc Carolina RR.— Owns from Norfolk, Va., to Tarboro,
N. C, 101 miles; branches, 9 miles; trackage to Rocky Mount, 17 miles.
Opened April 1, 1890, and forms a part of the Atlantic Coast Line,
which owned $997,500 stock on Juno 1, 1897. Stock, $2,500,000; par,
$100. Dividends In 1896, 3 p. c; in 18W7, 6 p. c. V. 62, p. 186. In
1897-98. gross, .$686,856; net. $272,903. In year ending June 30,
1898, gross, $686,856; net. $272,903 other income, $10,754 interest charges, $86,000; dividends, $120,000; baL, surplus for year,
In 1896-7, gross, $558,054
net, $191,525.
$77,657.
In 1895-6,
gross, $492,412; net, $174,932.— V. 66, p. 23 3.
Norfolk Sc Southern
Owns Berkely, Va., to Edenton, N.C.,
73 miles; (ferry across Albemarle Sound to Mackey's Ferry, 9 iniles;)
thence road to Belle Haven, 30 miles; total main line, 103 miles.
History.-Suocessorto Norfolk Southern, foreclosed April 29, 1891.
Dividends.— July, 1892, to July, 1899, incl., at 4 p. c. per annum.
Report.— Fiscal year ends June 30. Earnings have been as follows:
Oross.
Net.
Other Inc. Charges. Sur. fordiv.
:
;
;
;
RR.—
1897-8
$154,743
$526,835
$4,455
1896-7
126,.543
457,918
2,694
In each year paid dividends of $80,000.— V. 65,
Norfolk Virginia Beach
Sc
Southern
$120,715
90,505
$38,483
38,732
p.
67, p. 960.
to VirVa., 22 miles
866; V.
RR.— Norfolk
ginia Beach, Va., 18 miles, and to Mundeu Point,
total 40 miles. Owns Piincess Anne Hotel and 1.300 acres
of land at Virginia Beach. A reorganization of the Norfolk Albemarle
A Atlantic RR., foreclosed in 1896. See V. 62, p. 909 and 1178. Stock
$1,000,000. In Jan.. 1898, filed a mortgage for $750,000 of 50-year
gold 58; trustee, Guaranty Trust Company, N. Y. Of the bonds,
$250,000 were issued to retire the old 1st mortgage 5s. Year ending
June 30, 189*", erross, $125,417; net, $22,447; charges, $'21,692. Alfred Skitt, New York, Pres.; J. Carstensen, Sec. and Treas.— V.63, p. 459.
making
Norfolk
folk, Va.,
Sc
IVestern
westward
Ry.— -See
JMnp.— System extends from Nor
to Columbus, Ohio, and northward to
to the various coal fields in Virginia
Md., with branches
Miles.
Road owned.
Norfolk, Va., to Columbus, O..710
Radford, Va., to Bristol, Tenn. 107
Hagerstown
and West Va
Miles.
Roanoke to Winston
Sundry branches
121
125
Roanoke, Va., to Hagerstown. 238
100
Total of all June 30, 1898. .1,561
Graham to Norton
59
Nor. Car. June, to Iron Ridge. 45 Double track
Lynchburg to Durham, N. C. 115
Organization-This Railway company in 1896 succeeded to the
property and franchise of the Norfolk A "Western RR., etc., foreclosed
per plan, was In V. 62, p. 641. The old stock paid an assessment
of ^12 50 per share, common recelviufr 75 p. c. ana the old pref. 112'a
in new common. New preferred was issued to old bondholders.
The Norfolk & Western RU. was a reorganization in 1881.
Stock.- Provisions of preferred stock certificates were given In SdpPLE.MENT of April, 1897, page 4, said stock being 4 p. 0. non-cumulative,
with i)reference as to assets and dividends, and with right during the
p.
first five 5 ears to elect two-thirds of the directors unless three full yearly
dividends are paid. No additional mortgage can be created without
consent of two-thirds interest.
Dividends— On adjustment pref.: Nov., '97, 1 p. 0.; in '98, Feb., 1 p.
c; Aug., 2 p c; in '99, Feb., 2 p. o.
Bonds.— The new bonds authorized are
$3,500,000
Prior Lien 50-year gold bonds, only If necessary
62,500.000
First Consol. M. Oold 4s,Ane 1996
23,322,675
Of which for old bonds disturbed
25,986.889
Resei-ved for $23,388,200 undisturbed bonds
Reserved for existing obligations, or to retire Prior
3,500.000
Lien bonds If issued
For new construction, acquisitions and Improvements
9,690,436
not exceeding $1,000,000 yearly
Tlio new 4 per cent first consols ar" (subject to the small amount of
Prior Lien bonds which may bo Issueil only In case of urgency) a
first mortgage on a largo jtart of tlui system, viz.. upon 845 uilles of
railroad; upon lnii)ortant teniiinals at Norfolk and Lambert* Point
upon the Ohio Klver Bridge and the Roanoke Machine Works besides
being a consollilati'd mortgage uiion the remainder of the si stnii. subThey are further secured by the
ject to the untlisturbed liens.
eiinlpnient. certified to have cost over $ll,()0(),0OO, covend by the Car
Tru.xts and ((luipiiient bonds to be taken up under the plan. The Prior
Lien bonds If Issued will bo retired at 105 by sale whenever jiosMible
of first consols at or above 95. UndlBturbed bonds which cannot b«
taken up at maturity on satisfactory tertu.s by use of the oonsoln reserved for that purpose nuty bo exteiuhid or renewed. .S.e ubntrart
In V. (i4, p. 37«. .\s to Scioto Valley it Sew Eng. see Sue. of Jan.. 94.
Gfnehai. Finances. —The reorganization redncea the tUol clinrges
from $3,214,037 to $2,263,194, a reduction of $9.'>0,S43; liquidated
:
lOS
INVESTORS'
SUPPLEMENT.
I
''OL.
LXIX.
July,
KAILKOAD STOCKS AND BONDS.
1899. J
Sabscrtbers
wrlll
coufer a great favor by slvlns Immediate uotlce of any error discovered In the«e Tables
iBoirf*— PrincI"
INTEREST OR DIVIDENDS.
- pal, When DneWhen Where Payable, an* by Stocks— L&at
RAILROADS,
Miles Date Size, or
Amount Rate per
of
Par
For explanation of column headlnjrs, &o., see notes of
Road. Bonds Value. Outstanding Cent.
on llrst page of tables.
Norfolk A Western Ry.— (Concluded—
NoiTk & Petersb'g— 2d M. (now Ist) Nor.to Pet'g.e
South Side—Consol. mort., Ist pref., extended. .0
ConsoL M. 2d pref. gold, extended
Consol. 3d prer. ($100,000 were ext. at 4 g.) .0
do
do
old 68, extended 1896 & 1897.
do
do
old 63, e.xt. In nold In 1898
Virginia & Tenn. Enlarged M. (extend In. 1884Ko
4tli M., now 2d, Lynohb'g toBristol andbr'ch..c
1868 $1,000
1868
1. 000
1868 100 &o.
1868 100 &o.
1868
1.000
1868
1,000
1854
1,000
1866
1,000
81
133
133
133
133
133
214
214
,
.
N'orf.&Weet.Gen.M..NorfolktoBrl9tol.eto.gold.c* 428
160
New River division Ist mortgage, gold
o*
Improvement & Exteu.sion Mortgage, gold...c* 588
129
Scioto Valley & New England, l.st M.,as8am.,g.c*
First consolidated mortgage securing: (Prior Lie n bond
Prior lien bonds, $3,500,000, gold, red. at 105. 1,570
First consols, $62,500,000, gold
o*Ar 1,570
C!oL Con. & Term, l.st M., gold. gu. p. & i. (end.)o*
Equip, trust of 1893, gold, not subject to call. .0*
EqulD. trusts. Kold
o
North Car.—Stock. 6 iflOo till Deo.31, 1901— tlien 7% 223
North Pacinc Coast— l%t M., gold, sub. to call atlOO.c 905
General M. for $1,500,000, gold
o 905
No. Penn.—Bik., 8 p. c. gu.990 yrs.,$6,000,000 auth.
86
56
O'l 2dM., now Ist M.( 7s extended in 1896). ...c
General mortgage bonds
oAr
86
Consol. bonds secured by $1,200,000 stock
r
1881
Real estate iiiortgaires, June 30, 1897
No. Eati Penn.—\sx .M.,g., gu.P.A R. oldoo.(end.)c*
Norih'n Ala. Ry.—\»ty\ (|!350,000 are prior lieu).o
Northern, (y. fl. J— Stock, 6 p. o. rental
Northern Central— {Stook $8,000,000 authorized).
Maryland loan— V. 67, p. 126..
these $425,750 held in treasury Jan.sO,1899'
1st mort.. State of
1,000
1,000
1,000
1,000
to be issued
1882
1883
1889
s
1896
1896 500 &o.
1892
500
1893
1,000
1892
1,000
100
1881
1,000
1892
1,000
50
1866 500 &0.
1873
1881
[
a Of
26
107
83
1890
1896
i38
1855
i'.obo
1.000
100
50
and took up car trusts except those of 1892 and 1893.
The annual charges ahead of the new common stock are smaller than
those ahead of the old preferred stock. Of the company's trartlo in
1897-8 58 per cent (4,016,563 tons) was bituminous coal and coke.
In March, 1899, $5,000,000 Ist consol. 4s were sold, of which $1.500.000 to be used for betterments, double-tracking and additional
rolling stock, remainder to retire underlying bonds maturing to July
floating debt
1,1900.
V. 68, p. 619.
—
Totalgrosseamlngs.. 11,236,123 10,537,713 10,908,859
A taxes. 7,886,099 7,903,451 8,512,221
of exp. to earns....
(75-00)
(70 18)
(78-03)
9,873,622
7,583,360
(7680)
Total net earnings... 3,350,024 2,634,262 2,396,638 2,290,262
Total net income
3.382.987
Interest on funded debt. 2,211,075
Reorganized company
Intereet on car trusts...,
28,358
took possession Oct.
Dividends
454,198
1, 1896.
Miscellaneous
4,605
Balance
.8ur684,751
Officers.— President, Henry Fink; Chairman of the Board of Di"
rectors, F. J. Kimball, 27 William Street. New York; Secretary, A. JHemphill, New York; Treasurer, W. G. Macdowell, Roanoke, Va.
I.VDEX.— V. 68,
233, 619, 1025; V. 69, p. 81.
p.
Nortli Carolina RR.— Owns from Goldsboro to Charlotte, No.
Carolina, 223 miles. Leased from Jan. 1, 1896, to theSouthern Ry. Co.
for 99 years at $266,000 (6ifl p. c. on stock) per year till Dec. 31, 1901.
and $286,000 (equal to 7 p. c. on stock) balance of lease; also taxes
V. 03. p. 361. Of the stock the State of North CaroUna holds $3,000 000.
Dividends, Feb., 3^^
A
&
&
&
A
&
&
&
&
A
A
A
N. Y., Mercant. Tr. Co.
J.
J.
J.
J.
J.
J.
J.
J.
M.
A.
F.
M.
J.
J.
J.
J.
J.
J.
J.
J.
do
do
do
do
do
do
do
do
do
N.
0.
do
do
do
do
do
do
do
do
do
July
July
July
1,
1,
1,
1900
1900
1900
Jan. -July, '00
July
July
1900
1900
June 30, 1900
Mch. 1, 1900
May 1, 1931
Apr. 1, 1932
See t*xt.
Feb. 1, 1934
Mercant. Tr. Co. Nov. 1, 1989
A.
N. N. Y.,
New
A
A
Dividend.
1,
1,
1946
York.
0. N.Y. Mercantile Tr. Co. Oct. 1, 1996
J.
J. N.Y., Atlantic Trust Co. Jan. 1, 1923
Q.-J. N.Y. Mercantile Tr. Co. Q'lyto Jan.'03
Q'lyto Oct. '02
Ci.-J.
Burlington, N. C.
F.AA. /o
Aug., '99, 3%
M. A N. San Fran., Co.'s Office, Nov. 1, 1901
A.
J.
A
A
A
A
M.
J.
M.
do
J.
Q.— F.
N.
J.
8.
do
Phlla. Of.,240So. 3dSt.
do
do
do
do
do
do
Jan. 1, 1912
May25,'99,2%
May 1, 1936
Jan. 1, 1903
Sept. 1. 1905
& Road'g. Apr. 1, 1920
N.Y., J. P. MorganA Co. Jan. 1, 1926
Boston, 19 Milk n^
rulyl'99,11^%
Bait. A Phlla.; Pa. RR. Julyl5,'99,3%
Annapolis.
See text
a.'a'o. Phlla., Phila.
A J.
Q.-J.
J. A J.
J.
Q.-J.
terborough A Hillsborough RR.. 19 miles. Lease to Boston A Lowell
for 99 years from Jan. 1, 1890, was assismed to Bo.ston A Maine; rental
was 5 percent on stock till July 1, 1897, and now 6 per cent, payable in gold.
In addition to the 5 per cent dividends providetl for
by the lease, an extra 1 per cent per annum (making the quarterly
dividends lig p. c. each) has been paid regularly from the contingent
fund, and also in 1894, Jan., 5 p. c. extra was paid; in 1896, July, 2
in July, 3 p. c. extra— V. 65,
p. c. extra; in 1897, April, 2 p. 0. extra
Northern California Ry.— See Southern
Northern Central Ry.— Owns Baltimore,
,
Oper*tingexp.
c.
1,000,000
8
7,283,000
6g.
2,000,000
6g.
5,000,000
6g.
5,000.000
4g.
only if neces sary).
None.
4 g.
a 24,834.500
4g.
600,000
5g.
202.000
5g195,000
5 g.
6I9-7
4,000,000
565.000
6 g.
908,000
5g.
4,720,750
8
1,500,000
4
4,500,000
7
1,200,000
6
319,257
400,000
g1.700,000
5g.
3,068,400 See text.
7,518,1.50 7 for '99
1,500,000
6
Whom.
;
Bnl gur.
Oross.
Int., Inxes, t6c.
Net.
$10,816,456 $3,599,943 $2,051,013 $1,548,930
1,093,949
2,053,004
10,411,351
3,146,953
AKNUAL Report.— Fiscal year ends June 30. Annual meeting is
held at Roanoke, Va., on second Thursday in October. Report for
1897-98, V. 67. p. 526, 536 (see editorial p. 602) showed:
Tears Oid. June 30—
1895.
1896.
1897.
1898.
£
$
$
$
Paasenger earnings
1.467,532 1,406,223 1,551,732 1,526,388
Freight earnings
9,306,899 8,695,633 8,894,880 7,889,010
Mail, express, Ac
462,247
458,224
461,692
435,857
P.
$496,000
5
5& 6
290,000
270,500 5g.&6g.
152,800 4 g. i& 6
200,000
5
100,000
4>3g.
985,000
5
1
I
I'ayalile
p. 463.
Eaknixgs— For 11 months, ending May 31
Tear
1898-9
1897-8
io:i
p. 0.
and Aug., 3
V. 65, p. 27; V. 66, p. 665.
p. c.
North Paclflc Coast RR. (Narrow Gange)— Owns Han
Fran-
«i8CO to Cazadero, 87 miles; branches to San Rafael and Mill Valley, 4
miles; leases to San Quentin, 3 miles; total operated, 94 miles, including ferry to San Francisco, 6 miles; also has ferrv to San Quentin, 11
miles. Stock authorized. $3,000,000; Issued, $1,500,000; par, $100.
For year ending June 30, 1898, gross, $355,281; net, $118,742; interest, taxes, etc.. $95,417; balance, surplus for year, $23,325. In 1896-7
gross, $348,130; net, $118,904.— V. 63, p. 400.
Pacific
RR.
Md., to Sunbury, Pa.,
139 miles, of which 117 miles double track-branch, 9 miles leases—
Shamokin Valley A Pottsville Railroad, 33 miles; Elmira A Williamsport Railroad, 76 miles; operates at cost— Elmira A Lake Ontario Railroad, 100 miles; Lykens Valley Railroad, 20 miles; Pennsylvania
Railroad, 3 miles; total operated, 380 miles. Also uses New York
Lake Erie A Western tracks, 7 miles, and Philadelphia A Erie tracks
between Sunbury and Lewlsport, 40 m., and owns Union RR., 9 miles.
Obganization.-This was a consolidation of several roads In 1854.
Controlled by the Pennsylvania RR., which owns $3,488,950 stock.
Securities Owtjed- On Jan. 1, 1899, among the assets held were
Bait. A Potomac stock (par) of $704,450; Elmira A Lake Ontario stock
(aU), $1,500,000; Shamokin VaUey A Pottsville stock, $619,650; Union
RR. stock. $1,225,000 (the balance of $875,000 being held by PhilaWilm. A Balto.), etc. Value of all, as per books, $2,469,895.
Liabilities. Morterages and ground rents on January 1, 1899, were
$349,049.
'99.
Dividends.— ) 1888. '89. '90 '91. '92. '93. '94 to 98.
Per cent... s 7
7
7
8
8
7
8
8
Earnings.— 5 months, )1899..
..Gross, $2,563,692; net, $516,569
Jan. 1 to May 31.
..Gross, 2,505,192; net, 535,369
S 1898..
Annual Report.- Fiscal year ends Dec. 31. President's report for
1898, given at length in V. 68, p. 375, 382, showed the following:
Tear end. Dec. 31—
1896.
1895.
1898.
1897.
Gross earnings
$6,664,028 $6,732,703 $6,286,602 $6,506,028
Net earnings
1,852,785
1,934,336
1,643,497
1,907,509
;
—
Other receipts
504,154
366,788
Total net income. . . .$2,356,939 $2,301,124
Rentals, Ac
480,078
474,306
Interest on debt
796,574
834,153
Dividends
(7)526,267 (7) 526,267
Miscellaneous
150,703
69,796
Extraordinary
400,075
457,391
$2,043,572 $2,364,900
436,592
455.996
843,632
852,588
(7) 526,267 (7) 526,267
159,490
378,191
200,000
$151,858
Balance, surplus.... $203,317
$396,602
$77,590
-(V. 67, p. 126; V. 68, p. 325, 375, 382, 673, 1226.)
RR.
New
Northern
of
Jersey.—Owns from Bergen, N. J., to
Sparkill, N. Y. 21 miles; leases Sparkill to Nyack, 5 miles. Leased
to the Erie RR. from June 1, 1899, for tlie term of its corporate exists
once, for interest on bonds, 4 per cent on $1,000,000 stock, payable
Bethlehem, Pa., 56 miles; branches to Delaware River, Ac, 30 miles;
second track, 54 19 miles; total track, 217 miles.
Ground rents
July 1, 1897, $170,371. Leased for 990 years from May 1, 1879, to
Phila. A Reading RR. at 8 per cent on stock, and lease assumed in
1896 by PhUa. A Reading Railway. (V. 62, p. 462, 870.)
quarterly, taxes, and all corporate expenses. Of the $1,000,000 new
general mortgage bonds, to bear interest, guaranteed by the Erie, at
not exceeding 4ia percent, »804,000 will be reserved to retire at or
before maturity the old 63 to a like amount, and the remainder for Im))roveuH'nts and betterments or equipment foroperati<)n bveloctricitv'
of the leased properties. See V. 69, p. 81. (V. 68, p. 571; V. 69. p 81).
North-East Pennsylvania RR.— Owns road from Glenslde to
New Hope, Pa., 26 miles. Controlled by P. A R. Capital stock,
Owns road from Akron
North Pennsylvania
RR.— Owns
from Philadelphia,
$400,000, of which .$315,000 owned by Readmg Co.
Its general mortgage of 1897; par, $50.
Northeastern
RR.
Opened
Oa., 39 males.
Is
Pa., to
deposited under
of fSeorgla.— Road from Athens
in 1876.
Owned b\
to Lnia,
the State of Georgia. Mtate
ageut is Rufus Reaves. V. 64, p. 954. Governor has been authorized
to sell the road for $287,000.
EAR-vrNO-S.— ](» months, 5 1808-99
Gross, $65,418; net, $S,415
July 1 to April 30.
^897-98
Gross, G4,4«l;net, 16,972
Year ending June 30, 1898, gross, $72,333; net, $15,986. In 1896-97,
gross, $64,98-* net, .•t!21,386.— V. 64, p. 1001, 1225; V. 65, p. 1174.
;
North-Eastern
BR.
of So. Carolina.
RR.— In
1898 merged In the Atlantic Coast Line
(V. 67, p. 31, 179.)
Northern Alabama Ry.— Sheffield
119
mlle-s.
to Parrlsh, Ala.,
and branch,
In April, 1899, purchased by the Southern Ry.
V. 68, p.
824. 873.
Stock Is $2,000,000. Under supplemental mortgage of 1898 $400,
000 of th«- outstanding $1,700,000 1st 58 were made prior liens. (V.
07. p. 1208.) In vear ending June 30. 189H, gross, i»<l!)2,890; net,
$60.f;i2: taxes and Interest on current Uabllltie.s, etc., $34,598.
p. 233, 824, 873, 1224; V. 69, i>. 28.
Northern (Ne*v Hampshire)
RR.—Owns
(V. 68,
Concord, N. H., to
West Lebanon, N. II., 70 miles; branch to Bristol, N. II.. 13 m; total,
83 miles. Subsidiary llnea, Concord A Claremont RR.. 71 miles; I'e
Northern Ohio Railway.- ^,Sr«>
A
2fap Lake Erie it Western.)—
165 miles; branches, 2 miles.
to Delphos, O.,
reorganization of Pittsburg Akron A Western sold In foreclosure
Road Is leased in perpetuity to L. E. A W. V. 62, p. 826.
Stock.- Common stock (all owned by L. E. AW.) $3,5J;0,000; preferred non-cumulative 5 p. c. stock, $650,000; par of each $100.
Bonds.— The// r»< mortgage Is for .$4,000,000 and bonds are guaranteed, principal and Interest, by Lake Erie A West, by cndorsenient on
each bond. Bonds for $1,500,000 "are only to be Issued at not to exceed $15,000 per mile of completed road for such hereafter constructed
or purchased road. If any.'*^ For year ending Juno 30, 1898, gross
detlclt,
earnings were $1.30,760; net, $1.5",093
charges, $134,235
$119,142. In 1896-97, gross, $123,735; not, $14,377.— V. 66, p. 337.
Oct. 17, 1894.
;
;
Northern I'ac-llic Rallwny.-r^cc .l/o/>».>— Operates one of the
leading lines to the Pacillc, having Its eastern t<'rnilnl at Ht. Piiiil,
Minn., and Duluth, Wis. (tlio head of Lake navUntlon), and running thence westerly, traversing the groat wheat belt of Minnesota
and North Dakota, the mining district of Montana and tlii> fiirinliig
country of Washington to Tacoina and Seattle, and to Portland, Oregon, with branches to Winnipeg, etc.
HisTOKY.-Thls Wisconsin company on Sept. 1,1806. B\icceoded totlio
railroads, land grant and other property or tlio Northern Pacillc KK.,
foreclosed In July, 1896, and rforganlted per plan In V. 62. p. .^."•^>
In the reorganization the $li»,()()O,()O0 old common stock payliivBessment of 15 per cent received KM) per cent of new I'oniinnn.
$.35,000,000 ol(l preferred paying assossinont of 10 iter cent recolv.d
.50 per cent In newconiinon and tht' same of new preferred.
.<
I
ii
•
•
\
104
INVESTOES'
SUPPLEMENT.
[Vo-.
LXIX.
July,
1899.]
RAILROAD STOCKS AJSD BONDS.
10.)
)
.
:
SUPPLEMENT.
INVESTORS'
lots
[Vol.
LXIX.
Immediate notice of any error discovered In these Tables.
Bonds— Pnnel
INTEREST OR DIVIDENDS.
pal,When Dae.
Date Size, or
Amount
Par
of
Outstanding Rate per When Where Payable, and by Stocks — Last
$ub«crlberc» will confer a great favor by giving
RAILROADS.
Miles
For explanation of column headings,
on lirst paRe of tables.
<feo.,
see notes
of
1
Road. Bonds Value.
Cent.
—
yordteni Central (Concluded)
2d mortgage
Consol. M., gold; coup., int. J
o*
& J;
reg.,
A & O.o&r
138 1865 $500&o. $1,126,000
2,804.000
1,000
138 1868
1,077,000
138 1874-5 $&£
2,000,000
138 1876-7 $1,000
1,557,000
1,000
138 1885
3,56.'S,000
138 76&82 1,000
1,000
6,00,000
9 1873
100
1,000,000
'21 1887 100 &c.
654,000
4-37 1880
150,000
See text.
1899
2,500,000
1,000
i67 1895
100 * 80,000,000 2 in
*
100 75,000,000
2,146 1881 5,000&c x4,550,000
6OI3 1877
1,000
402,000
1,000
8,021,000
182 1883
Consol. gen. mort. c gold, s.f., drn. at 100, A&B.c
c
of 1874, gold, 8e--5 gold,
c
cures all equally, (gold, E
2d gen. mort., series "A" & "B" (A $2,565,000)
Union RR., 2dm. (nowlat) assumed $ or £, gold.c
Iforth'n of Xew Jersey— Stoc'k, guar, (see V.69,p.81
c
3d mortgage, now Ist, iuterest guar
Nyack & Northern 1st mortgage, interest guar...
Gen. M., $1,000,000, gold, int. guar, by lease
Nor. Ohio— lsitU.gA$\-5,OOOp.m..)ga.-p.&\.L.E.&W.OKorthern I'aciflc Kj/.-Com. stock, $80,000,000..
Pief. stock, $75,000,000, non-cum. 4 p. o»
No. Pac. RR., gen. Ist mort., g., reg., dr'n at 110
Western RR. Minn. 1st M., gold, assumed
St. Paul & N. P. Gen. M., I'd grant, assumed. c*<fer
New mortgages of Northern Pacific Sy.
Prior lien M. $130,000,000 gold, land gr.. .0*&r See J
Gen. lien M. $190,000,000. g., land grant.. .c*&r Seel
Ifortheni Fac.Ter. Co.— Ist^l., gold, red.,atll0...c
Norlhdi West Branch, Ify.— Stock
let mortgage, $1 ,500,000
Northwestern Coal By —1st M„ $2,000,000, g...c
$,C&D
.
.
—
X
•
•
I
I
1896 500 &c. 89,828,000
1896 500 &c. 56,000,000
1,000 a3, 851,000
1883
50
1,500,000
1881
1,000
1,500,000
1,000
944,000
1893
6
Dividend.
& O. Baltimore & Philadelp'a Apr. 1, 1900
Various Baltimore, Treas. Office. July 1, 1900
& J. London and Baltimore. July 1, 1904
& J. Baltimore, Treas. Office. July 1, 1904
A. & O.
do
do
Apr. 1, 1925
J. & J. Baltimore,Treas. Office. Jan. 1, 1926
M. & N.
London & Bait.
May 1, 1900
Q.-M. N. Y.,21 Cortlandt St.
See text.
J. & J. N. Y., U. S. Mort. & Tr. July 1. 1917
do
do
J. & J.
1900
A.
6 g.
4 lag.
5
6
Whom.
Payable
g.
4
6
6
4l2g.
J.
J.
& O. N. Y.. Chase Nat. Bank.
1899 F. & A. New York and Berlin,
4
do
Q.-M.
do
«^- J. & J. N.Y., J.P.Morgaa&Co.
5
g.
A.
do
do
M.3%&Ni
6g.
4
3
6
g.
g.
g.
8 in '98
6
II
Q.-J.
Q.--F.
J.
M.
M.
5g. M.
&
&
&
<fe
J.
do
do
1949
Oct.
Aug.
1. 1945
3, '99,1%
Sept. 5, '99,1%
Jan.
1,
Feb.
1,
1,
May
1921
1907
1923
N.\".,J.P.Morgan&Bert Jan.
do
do
t
Jan.
N.Y.Winsl'w.Lan'r&Co. July
N, Phila.,
Broad
St.
Stat'n
do
do
N. N.Y., Farm's L. A T. Co.
8.
1, 1997
1, 2047
1. 1933
2, '99,4%
Sept. 1. 1901
1, 1923
May
May
H Coupon bonds F. & A.; registered bonds Q.
Exclusive of $31,675,000 held for prior lien mortgage of 1896.
miles not operated; spurs, 149 miles.
marks per dollar.
I 4,703 miles, including 44
a $20,000 drawn for payment on Aug. 10, 1899.
Bepresented by voting trust certificates.
Berlin at 4-20
NortUern Pacific Ry. (Oonc liided.)—The system
Maiii
Miles.
line.
Ashland, Wis., to Portland,
2,170
Ore
Brainerd and Staples to St.
181
Paul.
Total main line
Various branches
Branch
2,351
2,159
109
Cent.)
comprises:
Miles.
etc.
main and branches.
Branches not operated
Spurs,
. .
149
44
Total system June 1, 1899.. ..4,812
Independent properties.
165
Seattle & Internat
Wa.sh.
&
Spokane
leased (Wash.
line
Branches,
163
Col. River,
& Seattle
(not oper-
50
ated)
Total
378
Water lines..
26
Total operated
4,619
In July, 1899, had 120 miles under construction, of which 15 miles
to be completed by the end of July, balance in Fall of 1899. Included
in this is Clearwater Sliort Line Ry. (see V. 67, p. 1264). Potl.itch up
Clearwater River to Kooskia, Idaho, 60 miles, on which about 13
miles of track had been aid.
The original Northern Pacific Company was chartered by Congress
July 6, 1864; 450 miles to Bismarck were foreclosed in 1875. On Feb.
1, 1898, took over Seattle & International, and in July, 1898, of the
Washington Central under lease (V. 66, p. 856). and in February, 1898,
purchased the entire capital stock and all of the income bonds of the
Washington & Columbia River Ry.
Voting Trust.— Both classes of stock (except sufficient to qnalify
directors) are vested until Nov. 1, 1901 (unless surrendered t-arlier at
their discretion) in following voting trustees: J. Pierpont Morgan,
August Belmont. Johnston Livingston, Charles Lanier, all of New York,
and Georg Siemens of Berlin. Provisions of voting trust and of preferred stock were in Supplement of April, 1897, page 4.
—The
new
is subject to call in whole or in
day of January prior to 1917.
Additional preferred stock and other mortgages can be issued only
•with consent of a majority of the preferred and of the common stock
represented at a special meeting. Pref. stock is " entitled to non-cum.
dividends to the extent of 4 per cent per annum, payable quarterly
ont of surplus net earnings in each fiscal year before any dividends tor
such year shall be paid on the common stock." In any fiscal
year in which 4 per cent dividends shall have been declared on
both preferred and common stock, all shares, whether preferred or
common, shall participate equally In any further dividends for such
year. In 1898 $3,000,000 was set aside as a reserve fund until the
end of 1901 to ensure the continuity of dividends on preferred. V.
Dividends upon stock registered in Berlin
67, p. 588— see also p. 579.
may l-e collected there at the rate of 4-20 marks per $.— V. 63, p. 1071.
Stock.
part, at par,
preferred stock
upon any
first
Dividends.— On P/-e/erred.—First dividend paid Jan. 15, 1898, 1 p.c;
Mar. 3, 1898, 1 p. c; June, 1 p. c; Sept., 1 p. c. Dec. 1 p. c; in 1899,
;
March, Ip. c; June, 1 p. c; Sep., 1 p. c.
On OownioM.- First dividend Feb. 3, 1899, 1 p. c., paid out of net
earnings of first half of fiscal year 1898-9. In Aug., Ib99, 1 p. c. V.
68, p. 1183.
Bonds.— Abstracts
Montana
Oregon.
Idaho
Washington
6,046
14,238,479
1,806,905
8,185,627
Minnesota
134,936
Total unsold acreage. 24,465,696
General Finances.—The fixed annual charges of the new company
are $6,048,672 (as on July 1, 1898), a reduction of $4,857,018, as compared with the old company. The company owned $2,391,050 (par
value) of Oregon RR. & Navigation preferred stock June 30, 1898.
The $1,755,000 Missouri Div. 6s (due May 1, 1919) were paid oflf at
par Nov. 1, 1897, prior lien 4s being issued to provide for them. The
exchange of old general first mortgage 6s into new prior lien 48 has
made rapid progress, over three-fourths of old loan having been retired
prior to Jan. 1, 1899. (V. 68, p. 11S3.) Prior lien bonds for $1,500,000
were issued for improvements in February, 1893. (V. 66, p. 338.)
In February, 1898, the N. P. Ry. assumed control of the Seattle &
International and also purchased control of the Wash. & Col,. R. Ry.,
including its $2,245,000 of income bonds. The outstanding $2,500,000
of the W. & C. R. Ry. 4s are not to be guaranteed.
In 1898 the entire capital stock of the Washington Central (which
see), was acquired, and the property leased to the N. P. at a rental
sufficient to meet the interest charge on $1,538,000 gold 48, $286,000
of which are owned by the N. P.- V. 66, p. 856.
As to dividend, a f uud of $3,000,000 to assure dividends on preferred
stock till 1902 was set aside in 1898. See V. 67. p. 579, 588.
Earnings— 11 mos. ) 1898 9 ..Gross, $23,825,539; net, $12,715,373
July 1 to May 31. 5 1897-8.... Gross, 21,949,404; net, 11,875,466
Total net income for the 11 months, after deducting operating
charges, taxes, rentals and improvements 'and adding other income (exclusive of land sales), $11,014,261, against $10,774,411 in 1897-98.
ANNUAL Report.— Report for 1897-98 In full in V. 67, p. 588, See
also editorial, p. 556. First report of reorganized company, for ten
mo/i</ts ending June 30, 1897, in full in V. 65, p. 680.
See also p. 650.
12 months, 10 months, 12 months, 12 months,
1897-8.
1896-7.
Irs. ending JtmeSO.
1895-6.
1894-5.
Passenger earnings. $4,853,799 $2,850,399 $4,658,642 $3,350,492
17,432,75i 11,085,883 15,119,312 13,210,699
Freight earnings
Mail, express, &c
1,393,164
1,005,536
85,205
873,790
G'oes earnings.. $23, 679,718 $14,941,818 $19,863,160 $17,434,981
$12,584,347 $5,785,946 $7,775,071 $6,115,299
Taxes
$682,800
$428,981
$509,708
$501,716
Rentals, etc
163,160
257,328
Ad'i'ns and imp'ts..
811,709
Neteamlngs
Netoperat'gincome.$ll,089,838
$5,356,965
$7,102,203
$5,356,254
255,341
425,710
301,229
$5,612,306 $7,527,913
5,110,248
$5,657,483
Misceiianeo's income
not incLland sales.
887,190
$11,977,034
Bal. for interest
Interest
6,079,160
Div. on pref 8tock(4%)3,000,000
12 229
Old accounts
of the
93,703
Total west of Mo. Riv.24,330,760
new
Prior Lien and General Lien mortgages of 1896 (the General Lien mortgage being in all re.spects subject
to the other) were in V.G3, p. 1012-1019, and the statement to the New
York Stock Exchange, was in V. 63, p. 1072, showing:
Prior lien IQO-year gold 4 per cen<s secured by mortgage
to the Mercantile Trust Co. The prior lien bonds
are purchasable with land sales at not exceeding 110
after retirement of general 1st mortgage bonds of 1881
(but are not subject to call), not over $500,000 cash
yearly to be so applied. Total issue
$130,000,000
Issued
Reserved
Dakota (west of
Missouri River)
i^orth
Sg,S2S,ooo
to retire .$4,550,000 gen. first 6s of 1881 at 130.
St. Paid & N. P. and Western RR. bonds
Do
For new construction, betterments, equipment, etc., under
6,oS(},ooo
8,423,000
carefully guarded provision4. but notexceeding $1,500,000 per annum. Originally $25,000,000— still held
23,300,000
General lien (/old 3 per cents (Farmers' Loan <& Trust Co.,
mortgage trustee)
$190,000,000
Of which reserved for prior lien bonds
130,000,000
Issued to carry out reorganization
For new construction, betterments, equipment,
etc
36,000,000
4,000,000
Sinking fund operations are retiring the outstanding $5,375,000 gen
eral first mortgage bonds. Tlie last coupon bonds were retired July 1,
1899. V. 68, p. 978. See V. 64, p. 1225. No additional bonds can be
issued under the old mortgages assumed, nor can said bonds be extended.
An abstract of the general first mortgage of 1881 was in V.
58, p. 903. The sinking fund under this mortgage must receive yearly
an amount equal to at least one percent of entire issue, but the proC€e<l8 of laml sales to whatever amount received are applicable to the
redemption of the bonds at 110. (V. 67, p. 1056.)
Land Grant.— The land grant was 12,800 acres to the mile in the
States of Minnesota and Oregou and 25,600 acres per mile in the (then)
intermediate territories. The acres on June 30, '98, not yet sold were
BaL,8ur.foryear $2,897,874
$489,828
(Sept. 1, 1898).— President, Charles S. Mellen, St. Paul^
Minn.; Vice-president, Dan. S. Lament, New York; Comptroller, Henry
A. Gray, St. Paul Secretary and Assistant Treasurer, George H. Earl,
Officers
;
New York
Treasurer, C. A. Clark, St. Paul. The main offices are located at St. Paul. New York office, 35 WaU St.— (V. 69, p. 131.
Lease.— Leased for fifty 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.
The foreclosure sales in bankruptcy of the Northern Pacific and
Oregon Navigation companies terminated their joint and several
obligations, which their successor companies did not assume untU
about June, 1898—V. 66, p. 1141. Great Northern Ry. Co. in August,.
1894, arranged with Oregon RR. & Nav. Co. to run into Portland.
STOCK.- Stock ($3,000,000) owned by said three companies (40 p.c.)
by Oregon Ry. & Nav. Co., 40 per cent by No. Pacific and 20 per cent by
Oregon & Cal. RR.), and held by Central Trust Co. of New York, to be
delivered after payments to the sink, fund, which is to cancel the bonds.
Bonds.- The first mortgage is for $5,000,000. The sinking fund is to
retire the bonds by maturity, bonds being drawn at 110 and interest.
To July, 1899, $4,097,000 firsts had been issued, of which 246,000
had been retired by sinking fund.— (V. 67, p. 5bO; V. 68, p. 130, 181.
Nortli <k AVest Branch Ry.— Catawissa to Wilkesbarre, Pa., 4 3
miles; branch, 5 miles. Chartered in 18 81 and operated l)y the Pennsylvania RR. under agreement of 188 I, to expire Sept. 1, 1901, net
earnings to be paid this company. Pennsylvania RR. Dec. 31, 189»,
owned$925,000of the stock and $1,400,000 of the bonds. Dividends
since Dec, 1885. 6 p. c. per annum. Extra dividends: In '93, 2 p.c;
in '94, 2 p. c; in '95, 3 p. c; in '96, 2 p. c; in '97, 2 p. c; in '98, 2 p. o.;
;
.•f
in '99,
May,
1 p.
c
Nortliwestern Coal Ry.— Allom
at Minnesota State line, 13 miles.
z Bay, Wis., to St. Louis River
Chartered in 1892. Capital stock
July,
KATLROAD STOCKS AND BONDS,
1899.J
RAILROADS.
For explanation of column beodlngs,
on tlrst page of tables.
&o., see
notes
Miles
Date
Size, or
of
of
Par
1897
1893
.
,
Ravensw.
&
33
12
13
Glen. 1st M., gold, gii.,p.&l.(ond.)o*
HnntiufirtonABlirS. IstM. (#400,000), gold, gii.o*
Ripley A Mill Creek Ist M. g., guar. p. Ai., eud.o*Ar
Sp.
Ohio Southern —
l8t mort., $4,000,000 ($15,000 p. ni.) gold .Ce.o*
General (2d) mortgage, (for $2,800,000), g.. Ce.o*
Consol. (3d) mortgage, $8,000,000, i;old
Car trusts Dec, 1807 ($;Ut),000 are Gs)
out Colon !/— Stock, 7 p. c, guaranteed by rental. c*
o
Bonds for Framlngham & Lowell bonds
r
Bonds not niort+taie
Bonds, not mortgage
r
Bonds, not lUDrt. (authorized $3,000,000), g...c*r
CAr
Bond,s,not mortgage
Boston Clin. F. & X. B. mort.. Int. guar, byrental.o
PU-mouth \- Middleboro 1st M., int. guar. (end. ).o*
^rnaha Hruige Terminal iJi/.— 1st M. ($5,000,000)
Omaha K. C. ,6 Eastern— Stov'k. ($1,500,000 auth.).
....
....
....
....
....
....
....
• ..•
•
-•
•
....
125
15
^T^
o*
1st mortgage (see text), gold
Second (income) mort., $15,000 per mile, gold..r
Omaha
dt St.
L. /I'A'.— 1st M., g., sub), to call at par.
Ortgon d CoZ.— l8t>L,g.dr'uatl00 gu.p.&i.(end).c*
36
^6
36
145
596
1898
1896
$100
$2,769,200
9.^>r).ooo
100
450,000
3,500,000
250,000
1886
1887
1890
1892
1888
1,000
1,000
1,000
1,000
1881
1889
1894
1895
1,000
1,000
100
1884
1,000
1884
1,000
1888
1,000
1894 l.OOO&o
1895 1,000&0
1880
1,000
1892
1893
..
100
1896
1,000
1897 too &0.
1896
1887
1,000
1,000,000. Mortgage trustee is Farmers' Loan & Trust Co., New York,
30, 1893, gross, $38,110; net, $9,818; miscel
receipts (rents and dock earnings), $33,321; int. and taxes, $47,243;
balance, detteit for year, $4,103. In 1896-97, gross, $35,590.
foryearending June
Norllierii Pacific
Terminal Company, of Oregon.— Owns
terminals on the Willamette River, Ore., at Portland, East Portland and
Albina. comprising lands 270 acres, trackage 32 miles, dock frontage
7,904 feet. Grand Central Station at Portland, Ore., opened Feb., 1896
NortUern Railway Co. (Cal.).— See Southern Pacific RR.
Owns from Norwich, Conn., to
Norwlcli
Worcester
Worcester, Mass., 59 miles; branch, Norwich to Groton, 13 miles;
total, 72 miles. Also owns entire capital stock ($500,000) of the Norwich & New York Transp. Co., operating boat line to N. Y. City. Leased
to New England RR. for 99 years from Feb. 1, 1869; rental is 8 per cent
on preferred stock.— See V. 64, p. 664; V. 65, p. 726.
V. 63, p. 22g; V. 67, p. 223.)
Nypano
Owns Nolan's Point (Lake 'Hopatcong) to
Ogden -tllne
Sparta (or Ogden Mine), N. J., 10 miles. Leased for 999 years from
Jan. 1, 1832, to Central RR. of N. J. for 5 p. c. per annum on capital
stock and $500 yearly for organization expenses.
Lake Cbamplaln Ry.—Owns from Rouse's
OsdemtbursPoint, N. Y., to Ogdensburg, N. Y., 118 miles.
Okgasizatiox.— Successor In Nov., 1898, under plan in V. 63, p.
358, to the O. & L. C. Railroad, sold under foreclosure on May 2, 1898.
In Jan., 1899. the entire stock, $4,400,000, was purchased by the
Rutland RR. and the 1st 48 (present issue, $3,500,000), guaranteed.
Bonds.— Of the bonds, $900,000 are reserved for new construction.
Bondholders have one vote for each $100 prlnoipal of bonds.
Report.— For year ending June 30,1899 (June estimated): Gross
earnings were. $669,013; net over taxes, $i 17,881; other income,
$27,840; total net income, $145,721. Present annual interest charge,
$140,000.-(V. 67, p. 530, 951, 1056, 1110,1161; V. 68, p. 41, 86,
RK.—
&
RR.—
RR.—
&
131.)
Olilo dE Kentucky Ry.—Building in 1899 from Lex. & Eastern Ry. at Jackson, Ky., to cannel coalfields in Morgan Co., Ky., 26 m.
To be operated by Lex. & East. Ry. Common stock, $200,000; pref.
stock, $100,000; bonds as above, $250,000; junior securities to be
taken by stockholders. $175,000. The bonds are guaranteed by the
Kentucky Block Cannel Coal Co., whose $400,000 Ist mortgage bonds
are deposited with the trustee as additional security. Pres., W. de L.
Walbiidge; Sec. and Treas., M. Baxter, Jr.
Ohio RlverRR.— Road.— Owns from Benwood,
>VestVa., to HuntWest Va., 209 miles trackage into Wheeling, 4 miles; leases
Huntington A Big Sandy Railroad (opened early in 1893), Huntington
to Kenova, West Va., on the Norfolk & Western's new Une, 11 miles
total Included in earnings, 224 miles; operates Ravenswood Speacer
A GlenvUle Ry., Ravenswood to Spencer, 33 m.; Ripley & Mill Creek
Valley, 13 m.; total, 270 mUes.
Stock.— Authorized, $6,000,000; outstanding, $5,915,430; par, $100.
Bonds.— Trustee of the first and the general mortgage is the Fidelity
Ins. Tr. & Safe Dep. Co. of Phila. The R. S. & G. mortgage is for $400,000. December 31, 1898, there were bills payable, $237,000, and in
treasury were $223,000 of bonds Issued.
Earninos.— On 224 miles, > 1899.. ..Gross, $393,252; net, $132,578
ington,
;
;
1 to May 31 (5 months.) 5 1898. ...Gross, 350,012;
ANNUAL Report.— Fiscal year ends Dec. 31. Report
Jan.
balance sheet, was In V. 68,
Tear—
1898
1897
1896
p.
1021 showing on 224
Op. ex. <t taxes.
Net.
$9.58,450 $6.57,462
$300,987
Gross.
965,197
970,023
Ravenswood Spencer
650,142
669,930
315,055
300,093
net,
77,638
with
for 1898,
miles:
Int., etc.
$293,374
288,558
278,380
Balance.
sur. $7,^13
sur. 26,497
sur. 21,713
&
Glenville gross for 1898, $42,247; deficit
Ripley & Mill Creek Valley gro.ss, 1898,
$19,598; HurpluBforyear, .$289— (V. 66, p. 1041; V. e8, p. lOil.
under oper.
charge.^, $10,704.
RR.—
Lima, O., to Wellston, 183 miles, and
Ohio Southern
branches, 80 miles. TratHc principally bituminous coal.
Stock, Etc.— Stock outstanding, $3,840,000; par $100.
Receivership— Default— Sale.— Receivers appointed May 9, 1895.
Receivers are now N. K. Matthews and F. P. Graf. Road sold Oct. 15,
1«98, to the tlrst mortgage committee for .$2,000,000, and It was
announced no plan would l)e Issued at pre.ient. (V. 67, n. 74, 372, 843.)
Projierty trani-ferrcil March 7, 1m99, to Superlntenaent Charles, F.
F'iiiiklin, representing the first mortgage l)ondholder8. — V. 68, p. 4^/4
Oo.HMiTTEES.— f'irxt Mortgage: Chairman, W. A. Read of Vermllyo &
Cu., Simon Borg. Henry Sanford, Edwin S. Hooley and Thomas Uenny.
Oeneral Mortgage: John I. Waterbury, Precident Manhattan Trust
Company, No. 1 Nassau Street, New York, James D. Smith, Chairman, No. 42 Broad Street. N. Y., Jules 3. Bache, Rush C. Hawkins, W.
O. Wiley and E. L. Oppenhelm depositary, Manhattan Trust Co., N.
Y.—V. 61, p. 27, 1065; V. 62, p. 139, 320. To Oct. 20, 1898, trust receipts for $1,417,000 deposited general mortgage bonds had been
listed on the N. Y. Stoek Exchange. Receivers' certificates have all
been paid. V. 68, p. 824.
BoND8.-Of the con.sols only $300,000 have ))een executed; they are
iield as collateral for car tru.sts. Car trusts mature about $15(),000
;
pal, When
o jT
1,000
1,000
1,000
1,000
Bou(/«— Prluol-
INTERK8T OR DIVIDENDS.
—
When Where Payable, and by
cent!
Payable
Whom.
Amount
Road. Bonds Value. Outstanding
Northern Railway (Cat.)— Skk Southeus Pacific RR.
66
SoncUh <t Worcester— Pret. stock. 8 p. o. rental.
48
Bonds (not M.),int. g\i. under lease, oiirr'cy. ..cAr
40
Oconee <£ ire«/er/i— lat M., $9,000 p. in., >rold
10
Ogden Mine Kli.- Stock (5 p.c.renf.Cen. of N. J.)
127
Oad.dt L.Oh—Ut M,$4.4O0,O00, !i.,Ki-.by Riit.Ce.o
c*
Ohio <£ Ki/.—lKt M >,'., 8. f., call at llO.Cc
26
Ohio <£ ATissigsippi—St^o Balt. & Ohio Southwest
Ohio River— l!it m. (.$2,000,000), $12,000 p.m.,g.o* 169
208
iien. M. (for .f 3,000,000), i{old,lstou 3S> miles, .o*
107
Dividend.
Q.-J. Boston, Second Nat. Bk.
M. & 8. Boston, N. E. Trust Co.
M. & 8. Interest pd. as earned.
3()0,000
J.
&
g.
.1.
<fe
5g.
J.
5
4
2,000,000
2,874,000
341,000
291.000
50,000
J.
J.
&
&
&
&
A
i
.Inly
1
'99,
,
Mch.
1,
Moli. 1,
Phlla.. 608 ("hestnut Ht. July, '99,
N.Y.Nat. Bk. of Repul>. .July 1,
I
N.Y., Central Tr. Co.
D.
July
1,
June
1,
Apr.
Aug.
July
1,
2%
1927
1923
2«a%
1948
1926
Aug.
1,
1,
1,
1936
1937
1920
1922
1908
6g. J. & D. June, '96, pd. Sept., '96 June
4g. M. & N. May,'95,coup. last paid. May
1,
1,
1921
1921
5
3,924,000
2,798,000
See text.
757,607
16,008,900
498,000
750,000
4,000,000
3,000,000
5,100,000
1,912,000
225,000
.1.
Due
*/«c/f«— Last
g.
J.
^ g-
A.
^«-
F.
6
g.
.1.
6g.
F.
do
do
O.
A.
do
do
New York or Phila.
J.
A. Phila., E.W.Clark & Co.
1
5
7
See text
Q.-J.
4^3
A.
4
4
J.
J.
4
4
1944
1898-1905
g.
5&6
g.
F.
J.
J.
J.
5
5
&
&
&
&.
&
&
&
Boston, OtUoe.
J'lyl,'99,l?i%
Apr. 1, 1904
do
do
do
do
do
O.
J.
J.
July
Jan.
A.
Feb.
D.
Dec.
J. Boston, N. E. Trust Co., Jan.
Boston.
J.
Jan.
;
1.
1,
1,
1904
1938
1924
1925
1910
1912
1,
1,
1,
1,
1926
1926
1901
1927
1,
1,
1,
(I)
1,428,000
816.000
612,000
2,376,000
19,625,000
m! 'as. N.Y.. Oilman, Son & Co. Sept.
I'4g.
5g.
Oct.
J.
J.
&
&
payb. only If earn'd Oct.
New York.
July
N. Y., South Pacitto Co., July
1
Int.
J.
J.
yearly in monthly Instalments. In April, 1898, both the Ist and 2d
mortgages were held to be a lien on the entire road. (V. 66, p. 901.)
Tear—
Net.
')ross.
Int. <i taxes. Rentals, etc. Balance.
1897-8...
$720,561 $112,031
1896-7
636,523
164,272 $350,903 $115,996 def.$302,627
189.5-6
(f)
813,780
295,361
368,120
dof.72.759
— (V. 66, p. 901, 1002; V. 67, p. 74, 223, 372, 1208 V. 68, p. 474, 82 i).
Old Colony RR. (lUass.)— Owns road from Boston to Provincetown, Mass., Newport, R. I., etc., 508 miles; leases, 108 miles; total
616 miles. See Supplement of September, 1894.
Lease.- In 1893 leased to the New York New Haven & Hartford
for 99 years. About $5,000,000 of the stock, included in table above,
was exchanged for New Haven stock, and is held by that company
The lease provides for dividends of 7 p. c. per annum on stock not
exchanged. See V. 56, p. 247, 374. Stock authorized, $20,000,000.
Floating Deht.— Loans and bills payable June 30, 1898. were
$737,000, against $1,019,000 in 1897.- V. 65, p. 4G3, 565.)
Bridge
Terminal Ry.— Sec Sup. of April, 1899.
Kansas City ic Eastern
Owns road completed
in June, 1897, from Pattonsburg, Mo., to Trenton, Mo., 36 miles.
Bonds.—The O. K. C. & E. Urst mortgage is for $14,000,000:. bonds
are to be issued at $20,000 per mile on road built with additional
amounts for terminals, equipment and bridge over Mississippi River,
if built.
Second mortgage of 1897 is limited to $11,000,000, interest
up to 5 p. c, iiayable only if earned ami non cumulative; Atlantic
Tru.stCo., N. Y., and William A. Rule, trustees. In 189S, Jan. 1 to
Mar. 14 (2^2 months), gross earnings were $158,552, against $114,754
iu 1897.— V. 64, p. 84, 954, 1225; V. 65, p. 195, 1024; V. 68, p. 773.
Owns Council Bluffs. la to PattonsSt. Louis
burg.Mo.. 145 ra. Operated siace July29, 1897, byOmaha, K. C.& East.
HiSTORT, Etc.— Successor in June, 1896 (per plan V. 62, p. 41, 1177)
of the Omaha & St. Louis Railway, sold in foreclosure Jan. 27.
Securities.- Capital stock, $2,592,000, represented by Guaranty
Trust Co. certificates (for stock in trust); the $692,000 stock issued to old bondholders is exchangeable into 2d mortgage incomes if
the first 4s of 1896 are paid olf before maturity— see V. 65, p. 1024;
for bonds see table above.
Earnings.—Year ending June 30, 1897 total receipts, $326,566,
against $317,384 iu 1895-96. and $290,931 in 1894-95. For 11
monthsending June 30. 1898, $39 2,035. (V. 65, p. 1024; V. 68, p. 773.)
V. 68, p. 1877.
Ontario &JRainy River
From Portland, Ore., to California
California
Oregon
dtate line, 367 miles; Albany June, to Lebanon, 1'2 miles; Portland to
CorvaUls, 97 miles; Woodburu to Natron, 93 miles; purchased in 1893
Oregonian RR. and Portland & Yamhill RR.; Portland, Ore., to Alrlee.
3re., and branch, 85 miles. Total, 654 miles.
Lease, Etc.— Leased to Southern Pacific Co. for 34 years from August
1, 1893, the lessee guaranteeing interest on the bond.s, and the lessor
receiving any net profit and being charged with any deficit after payment of charges. Betterments are payable by lessor. Pacific Improvement Co. owns the bulk of its $19,000,000 stock, $12,000,000 of which
Due So. Pac. Co. Jan 1, 1896. $1,687,394,
Is 7 p. 0. pref.; par Is $100.
against $655,580 in 1895. So. Pac. guarantees the bonds p. & 1.
Bonds.— Land grant was about 4,000,000 acres, part of which is
covered by the mortgage, proceeds of land sales going to redeem bonds
drawn at par, unless purchasable lower. Trustee of mortgage. Union
Trust Company, New York. The Southern Pacific guaranty of principal and Interest Is printed on each of the 5 per cents. In 1895 net land
sales subject to mort. were 6,608 acres for $23,878— See V. 63, p. 754.
Earnino.s.— Year ending Dec. 31, 1896, gross, $1,441,127; net, $168.731; interest charges, $955,028. V. 63, p. 754.
Oregon Improvement.- See Pacific Coast Co. (Miscel. Co'es)
Navigation Co.— Road East Portland;
Oregon Railroad
Ore., to Huntington, Ore., 403 miles; branches 660; leases 2 miles;
river
division
water lines, 353 miles, of which 19
total, 1,065 miles;
narrow gauge. Ocean line to San Francisco. (560 miles. V. 63, \>. 969
In April, 1899. the Snake River Valley Ky. was under construction
Ih the interest of the Oregon RR. (fe Navigation Co., grading being in
progrecH along the entire line between Wallula and Grange City,
Washington, 65-7 miles.- V. 68, p. 674. Trackla\ Ingtobogin July, 1899.
Organization.— Organized in July, 1896, per plan In V. 61, n. 32>
and V. 62. p. 41. and Aug. 178ucceoded to the propertyand franehlsesof
the old Oregon Ry. & Navigation Co. sold In fon^'losure. The Oregon Short Line owns $16,281,400 (a miOorlty) of the rnmmon stock.
The Northern Pacific owns $2, .'19 1,050 preft^rred stock the Northern
Pacific, Great Northern and Union Pacillc havlngacquired a controlling
Interest In the preferred. See V. 64, p. 288 V. 65. p. 572. In July,
1899, the Oregon Short J.Ino RR. guaranteed the payment during the
next 2»« years of the remaining 10 per cent of the 2o per cent dividends on the preferred sto(;k, thus dissolving the voting trust of the
preferred stock and transferring the control to the coiumou stock —
;
&
Omaha
Omaha
RR.—
Omaha &
RR.—
:
RR.—
RR.—
&
&
;
;
V. 69,
)>.
181.
first dlvlden<l was paid July 1. 1897, 1
Oct., 1 p. c; In 1898, Jan., 1 p. c Apr., I p. o.; July, 2 p. c; In
f.699, Jan., 2 p. c; July, 2 p. e. Dividend period ohangfwl to semiannual, J(feJ, In July, 1898. First dividend, I p. c. on common, waa
DiviuKNDS.—On preferred
0.;
paidJuly
;
2,
18a8.
c
:
INVESTORS'
lO
RAILROADS.
Miles'
of
For explanation of column headings, &c., see notes
Road.
on tirst page of tables.
Oregon BR.
Jt
Size, or
of
Par
Bonds Value.
Oregon Short Line
643
1879
1896
o* 1,063
Consol. mortgage, $'24,500,000, gold
Itlt. —
stock, $27,460,100
.0*
600
Or. Sh.L. Ist M., p.
1., gold— see V.63. p.602..
Utah ANorth'n 1st mort., $12,000 per mile....c* 477
477
Consol. M.. gu., $15,000 p. m., s. f. not dr'n,g.c*
c* 1,479
Consol. Ist mortgage, $36,500,000, gold
&
Non-cumulative Income bondsSeries A, 5 per cents, $7, 185, 000
Series B, 3 per cent for 3 years, $15,000,000.
Oticego tf Syracuse- Stock, 9 p. c. guar., D. L. & W.
Consolidated mortgage (guar. D. L. & W.)
Construction M., guar.prm. <&lnt.(for $1,000,000)
c*
Owensboro <£ Nashville— 1st mortgage, gold
Paiiama—Stoc'k
New
1st M.,.f4,000,000, 8.f.,g,red. 1903,at 105.C*
Subsidy bond8.,g.,drawnat 100. See V.64,p.705.c*
$962,000 additional A^B authorized for pajme
35
35
35
88
48
48
iJ-24,000,000
11,000.000
1,000
1,000
19.481,000
$3,752,944
576,164
lines
Gross earnings
Net earn'gs over exp.
$4,3',<.9,108
& taxes.
t$712,622
$4,130,381
547,543
$4,677,924
$1,735,179
g.
g.
J.
J.
D.
7,185,000
14,841,000
1,320,400
438,000
668,000
2,000,000
7,000,000
'1,859,000
1,611,000
p. 0. in Sept. '98
6
7
F.
5g.
5g.
J.
J.
J.
9
&
&
&
&
A.
&
New York &
N. Y., Sec.
Boston. July ?, '98, 1%
do
July 1, -99, 2%
Trust Co. JiUy 1, 1909
Germany. June 1, 1946
Pacific.
do
do
do
J.
do
do
do
N.Y.& Bost.,when
earn.
3 p. c. paid Oct. 1. '98.
P.-A.,20 N. Y., Del. L. & W. RR,
Oct.
&
&
&
'i^"g-
A."& O.
M.
M.
6g. M.
8.
N.
N.
do
do
do
do
N Y., 120 Broadway.
N. Y., 29 Broadway,
6g. M. & N.
of
&
N. Y., 120 Broadway,
J.
J.
7
5
on accou nt
er,
g.
3-4
do
wned by Union
1897 500 Ac.
1897 500 &c.
50
1876
1,000
1883
1,000
1881
1,000
100
1897
1,000
1880
1,000
do
do
Feb.
July
July
July
1,
1,
1,
1,
July
July
1,
1,
1922
1908
1926
1946
1946
1946
Feb. 20, 1899
Mch. 1. 1907
May, 1923
Nov. 1, 1931
Jan. 3, 1893
Oct. 1, 1917
Nov. 1, 1910
con structio n of La Boca terminal.
j
$5,992,471
902,922
$6,895,393
$2,785,677
$865,491
154,230
89,350
Oregon Sliort Line RK.— (-See Map)— Owaa Granger, Wyo., to
Huntington Ore., 542 miles; branch to Ketchum, Idaho, 70m.; Ogdento
Idaho, 111 miles; Pocatello to Silver Bow, Montana, 256
miles Lehi Junction to Tintic, Utah, 54 miles Ogden, Utah, to Frisco,
275 miles; sundry branches, 122 miles (of which 40 miles narrow gauge);
total, 1,430 miles.
Also owns but leases to the Montana Union Ry.,
8ih er Bow, Idalio. to Butte. Garrison, Mont., etc., 57 miles.
In June, 1899, tlie Utah iSc Pacific seventy-six mile extension, from
Milford southwest to the bouudarv line of Utah in Iron Co., was almost
completed.— V. 67, p 484. 733. The Utah Nevada & Calif. Ky.. with
capital stock of $5,000,000, will build an extension of the Utah & Pacific from the State line southwest across Nevada towards Los Angeles, Cal.— V. 68, p. 383.
H13TORY.— Successor March 16, 1897, of the Oregon Short Line &
Utah Northern Ry., foreclosed per plan in V. 62, p. 504, 505.
CapitalStock.— Stock authorized $27,460,100, of which new Union
Pacific Ry. Co. in July. 1899, had acquired $26,585,400 in exchange,
dollar for dollar, for its owu .stock, the Short Line stockholders paying in addition .$3 cash per share.— V. 68, p. 188, 381,474.
Bonds.- Of the $36,500,000 new first consols, $24,162,000 are reserved to retire at maturity the loans not disturbed and $2,001,000 are
reserved for future use, the balance being issued at once. These bonds
are a first lien on about 400 miles.
Series A incomes are non-cumulative and entitled to dividends of 4
per cent per annum; in September, 1897, 4 p. c. was paid on account
of coupon No. 1, and in Sept., 1898. the full 5 per cent (interest being
payable yearly) at Guaranty Trust Co., N. Y. or Old Colouy Trust.
Boston.- V. 65, p. 412. In Oct., 1898, 3 per cent was also paid on the
Series B incomes.— V. 67, p. 372.
The O. K. & N. stock is placed In trust as special security for
the Si ries B incomes, but diviaends thereon are to go to the Short Line
comjiany except as needed to pay to Series B their f uU interest. The
Series B lionds will receive from earnings if earned only 3 p. c. interest annually for first three years (but any dividend on O. R. R. & N.
stock shall go toward making up the fuU 4 p. c), and then 4 p. c; they
will be represented by two directors; their consent must be secured to
any lease of the property unless their interest is guaranteed thereby.
No additional lien shall be placed ahead of Series A and B without
McCammon,
;
the consent of a majority interest.— V. 65,
p. 572; V. 66, p. 1141.
the reorganization the annual fl.xed charges
were reduced from $2,788,575 to $1,853,770
The new company
owns a majority ($16,281,400) of the common and $976,900 of the
preferred stock of the Oregon Railroad & Navigation Co. The new
securities were listed on the N. Y. Stock Exchange in July, 1897— see
V. tS5, p. 69. On list July 21, 1899, were: Consol. 5s, $10,337,000Income As, $7,185,000; Bs, $14,841,000. Since dissolution of voting
trust on Oregon RR &; Nav. preferred stock in July, 1899, control is
vested in the common stock. V. 69, v. 181.
Latest Earning.'v— From Jan. 1 1899, to May 31, 1899, gross. $2 893,681, against $2,452,149 in 1898.
Annual Report.- Report for 1897-98 in V. 67, p. 733, showed
1897.
1x98.
Gross earnings
$5,726,247
$6,317,058
Net earnings
2,246,868
2,728,598
General Finances.— By
,
Total net
6
4
J.
J.
ostly
Payments- Intere'^t on bonds
First mortgage sinking funds
Depreciation water line equipment
Discount and Interest paid.
616
550,000
Dividends (5%) on 4% pref. stock (see V. 66, p. 1141)
Dividends (1%) on common stock
240,000
Ba lance, surplus for year (incl. $77,866 misc. inc.)..
$963,856
t After deducting extraordU ary expenditures, it334,621.
Officers.— President Sept., 189**, A. L. Mohler; Secretary and General Attorney, W. W. Cotton; Assist. Sec; H. C. Tracy, 15 Wall St.,N.Y.;
Treas., A. Marcus, 27 William St., N. Y.; As. Treas., G. E. Wlthington.
Gen. offices, Portland, Ore.— (V. 68, p. 41, 188, 674; V. 69, p. 181.)
;
69 0,000,
N.Y. Cent.Tr.
&
&
&
in '99 J.
27,460,100
13,651,000
4,993,000
1,802,000
10,337,000
Of the $24,500,000 authorized, $759,000 in 1899 were reserved for retirement through sinking fund or otherwise of $690,000 firsts of 1879,
$1,106,000 for betterments, etc., and $2,830,000 for the construction
of additional road at the rate of not more than $20,000 per mile of
constructed road. First mortgage has a sinking fund to buy bonds at or
below 110, or el^'e draw them at par on January 1.
REFrNDiNG—The f ^ed charges of $930,480 (Dec, 1897,) annually
will be reduced on cooipletion ot the refunding of Ist 68 to $822,850.
Latest Earn's.-11 mos. < 1898-9. Gross, $6,344,474; net, $2,.597,816
n897-8.Gross, 6,348,194; net, 2,707,388
July 1 to May 31.
Report.— Report for 1897-8 at length in V. 67, p 685, 692.
1897.
1898.
1896.
Tear end. June SO—
Bail lines
4%
100
1882
1,000
1878
1,000
1886
1,000
1897 500 &c.
Ort'goii Kullruati A. Navigation Co.— Contludcd.
Bonds.— The consolidated mortgage of 1896 (abstract V, 63, p.
928; trustee. New York Security & Trust Co.) covers all the property.
Other Income
per When Where Payable,
Outstanding Rate
Cent.
Payable
Whom.
100
1902, or earli
nts in
Bojwis— Principal, When Due.
ajad by Stocks— ha,6t
Dividend.
INTEREST OR DIVIDENDS.
Amount
$100
,
.
Water
[Vol, LXIX.
Xavigation—
Common stock voting trust certlllcates
Pref. stock, 4 per cent, non-cum., vot. tr. cert. ..
Or. Ry. & Nav., 1st M. bonds, g., s. f., dr'n at 100.
Common
Date
SUPPLEMENT.
198,9b4
$2,9277582
Fixed Interest and sinking fund
$1,964,108
5 per cent, payable Sept. 1, 1898, on " A " incomes
359,250
3 per cent, payable Oct. 1, 1898, on " B " incomes
445.230
Balance, surplus
$158,994
Financial Office, 120 Broadway, N. Y. City.- (V. 68, p. 86, 188, 381,
383, 430, 474; V. 69, p. 181.)
Oregon Short Line
OsAvego
ic
Utali Nor.
Ry.— See Oregon
Short Line.
& Syracuse RR.— Owns from Oswego, N.Y., to Syracuse,
N. Y., 35 miles. Leased in 1869 during length of charter and renewal
thereof to the Delaware Lackawanna & Western Railroad Company for
9 per cent per year on $1,320,400 stock and interest on bonds.
Owensboro & NasUville Ry.— Owns from Owensboro, Ky.,to
Mud River Branch, 4 miles. Operated by
Adair ville, Ky., 84 miles;
& NashvUle Railroad, which owns the $1,156,518 stock (par
$100) and $1,200,000 of the first mortgage bonds— all these bonds and
most of the stock being pledged under its trust deeds.
Road— Colon to Panama. 48 m. Completed 1855
Panama
In 18^-8 built from Panama to La Boen, 2 miles.
In December, 1895, an agreement was made with Pacific Mail S. 8.
to run three years, and cover joint traffic between New York and
Central America, Mexico and the U. S. Pacific coast. This agreement
has, by notice, beeu extended for two years, wh-n it expires by liraitation.— V. 63, p. 76; V. 68, p. 668.
Louisville
RR.—
Dividends.—
Since '84 p.
J
'85
'86-7
10
nil.
'88
'89
'90
'91
'92
'93
5
None
23
9
5
5
2
2 \ since
Bonds.- Thenewmortgageof 1897i8for $4,000,000, of which $2,00 000 issued to refund the 7s; balance to be issued for other purposes.
Tristees, Central Trust Co.,N. Y.,andWm. Nelson Cromwell, N. Y.; the
sii-king fund is $150,000 yearly and bonds may be drawn for s. f. at
1 05
the entire issue may be called for payment on and after April 1,
1903, at 105.— V. 65, p. 516. See also description in V. 66 p. 1046.
The sut)sidy bonds are secured by an assignment and pledge
made by the U. S. of Colombia to the trustees of $225,000 annually, of
the annual subsidy or rental to that extent payable to said government
by the company, and are drawn and paid ofl' on November 1 yearly with
any surplus ot the subsidy not needed for interest; $270,000 bonds
now in treasury. See statement as to subsidy bonds in V. 64, p. 7 05
ANNUAL Report.—The report for 1898 in V. 68, p. 668, showed
Net of
Net MR.
Gross Jiff.
Siirplus,
Year
to Deo.31. Earnings. Earnings. Steamships. Charges. Incl. Other Inc.^
18v8
$21,011 $776,.^24
$1,106,460 $606,023
$266,746
766,534
87,350
832,286
1,241,942
1897
409,875
18i^6
819.176
225,539
846,392
1,201,574
545,685
The charges above in 1898 include: Lighterage, $97,791; general
$95,6ii8;
subsidy payment,
expenses, $97,864; other expenses,
$25,000; interest on bonds, $189,161.— V. 67, p. 579; V. 68, p. 668.
Patercon & Hudson River.— Owns from Marion, Hudson Co.,
N. J. (on Hackensack River, opposite Jersey City), to Paterson, S. J.,
14 miles, double track. Leased in perpetuity, at $48,400 per year for
road, $5,000 for land in Jersey City and taxe.", to Erie RR. (formerly
New York Lake Erie & Western), forming part of its main line.
Paterson &. Ramapo RR.— Owns from Paterson, N. J., to NewYork State Line, 14 miles, double track, part of main line of Erie RR.
(formerly N. Y. L. E. & W.), to which it was leased Sept. 9, 1852,
during legal existence, at $26,500.
Pecos Valley.— See Pecos Valley & Northeastern Ry.
ct. I
I
;
:
Pecos Valley
<k
Nortlieastern
Ry,— (5ee
Jlf«p.)— Owns
from
Pecos City, Texas, to Amarillo, Texas, 372 miles, of which Roswell to
AmariUo, 208 miles, was completed Jan., 1899.
Successor company to the Pecos Valley Ry. Co. sold in foreclosure
April 19, 1898, and reorganized as i)er plan (V. 66, p. 438). New
company took possession May 1, 1898. The authorized capitaUzatiou
is $3,162,000 of first mortgage bonds and the same amount each of
6 p. c. non-cumulative pref. and common stock. Stock is all issued.
The bonds covers the entire line from Pecos to Amarillo, 372 miles,
and equipment; they are authorized at $8,500 a mUe, of which
$1,000 a mile is held by trustee for future requirements, making the
total amount of bonds to be issued at present $2,790,000. Cash to assure payment of interest for two yearsis deposited with Cent. Trust Co.
At Amarillo the road connects with the Atchison Topeka & Santa
Fe, and has close relations with that company, but is independent.
J. J. Hagerman, Colorado Springs, Col., President. Among the otherDirectors are Chas. A. Otis, New Yoi-k; B. P. Cheney, Boston; E. D.
Kenna, Chicago Morgan Jones, Fort Worth, Tex.— V. 66. p. 811, 1208.
Pemtgewassct Valley RR.— Plymouth, N. H., to Lincoln, N.H.,
23 mUes. Leased to Boston Concord & Montreal (now Concord &
Montreal) for 6 p. c. on stock.
Pennsylvania RR.— CA'ee Map).—'T\\ei system, as shown on the adjoining map, extends from New York City, westerly, via Philadelphia
to Pitisburg, 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, 18t)9, aggregated 9,035 miles, of
which 4,611 miles represent the mileage operated dtre(«^ under t lie
caption "the lines east of Pittsburg and Erie" and 4,424 miles the
mileage operated directly under the caption "the lines west of Pitt sliurg and Erie," the latter being more fully described under the title
Pennsylvania Company and Pittsburg Cincinnati Chicago & St. Louis.
The balance of the system is operated independently.
;
JrLY,
1899.J
RAILBOAD STOCKS AM)
BOXJDS,
109
110
INVESTORS'
SUPPLEMENT
[Vol. LXIX.
JCLY,
KAILKOAD STOCKS AND BONDS
l«t'9.J
RAILROADS.
Miles Date
For explanation of column headings, Ac, see notes
of
of
on
Faterson di Hud.Ric.—Stk.,8 p.o. rent. N. Y.L.E.&W.
Paterson dt Ramapo Stock (rentrtl guarantee)
Pecos Valley <£ ^'orlheastern—lst mortgage, g.Ce.o*
Pemigewasset Vallei/ UK.— Stooi (rental guarantee)
I'ennaylvanla /S/t.— Stock
General mort. bonds, $1,000 and i200 eaoh..oAr
r
Currency registered bonds
14
—
Currency coupon bonds
00®3
c
o
Sterling bonds
Gold registered bonds
Gold coupon bonds
Gold sink, fund, 1 p.
r
c
not drawn..
o.,
o*
_5«
^
(sterling (8. f. in 1900) not drawn. o'Ar
W. & B. stock as oollat.) not drawn...
Navy Yard mort. (extended 20 vears In 1881) .r
Collateral trust loan, gold, not drawn
o*
Equip. I^. gold bonds (s. f. 5 ii.c.) not drawn
c*
Bonds
(P.
.
.
Penn. Equip. Trust (in series payable iio yearly).
Penn. Rolling Stock Trust (1-10 payable yearly).
Penn. Rolling Stock Trust (payable ijo >'rly)
do
do
do
Del. Ave. Market 1st mortgage
r
Delaware Ave. Bloodgood property
r
Penn. RR. real estate purchase money gold M.c*Ar
Peyitisyt vania Oompa ny— Stock
Bonds, gold, sec. by pl'ge & guar, by Pa. RR.c*&r
Guar.tr.ctf8.$20,000,000g.guar. Pa.RR.,8er.A*..r
Car trusts 'June, 1899)
Pennsylvania ,6 North TTes/ern— Stock, $2,500,000.
Bell 8
Gap Extension
mortgage
c*
$550,000) s. fund not dr'n.c*
Coneol. mort. (for
1 st
X On coupon bonds J. & J.; on
Par
Road. Bonds Value.
page of tables.
first
Size, or
registered
$50
372
•
1000
1898
100
50
* •
..
568 1867 $ or*
568 1875
1,000
568 1875
1,000
568 1873-4 JB200
568 1879
1,000
568 1879
1,000
568 1893
1,000
568 1895
£200
....
1881
1.000
....
1881
5.000
....
1883
1,000
. .
1889
1,000
•
•
•86-91
....
....
....
....
....
....
• >
>
>
> >
•
>
1,000
1,000
1892
1898
1899
1889
1892
1893
5,000
1.000
1,000
50
, .
1881
1897
....
"
"62
24
"
1,000
1,000
"
<'o.— Concluded.
East of PitlsburK <& Erie.
Milet.
Sunb. Hazleton & WUkesb. Ry.T.
43
Main Line »nd Branches—
Milts. Other Hues
567
Philadelpbia to Columbia, Pa
81
Harrisburg. Pa., to PUtsburg, Pa. 248
Total In Penn. RR. statistics. a, 7 56
207
Branches and spurs
.
Trackage
61
Keporteo Sepauately—
Wilm. & Biiltimorel
Northern Central Ry.T
West Jersey & Seashore R R.T
686
669
389
310
103
273
Phil.
Lines operated by lease
Har. Portn. Mt. Joy A Lan. RR.T
Cumberland Valley RK.V
Dillersville to Harrtab., Pa.,etc..
Tyrone & Clearfield hy
Western Pennsylvania RR.l
United New Jersey RR.T
Trenton to Jersey City, etc
Philadelphia 4 Trenton RR.T
Allegheny Valley Ry.T
62
134
Ib7
Grand
Connecting RailwayT
Other lines
Lines operated nnder contract
Penn. Schaylkill Valley RR.7
Sunbury & Lewistown Ry.T
Bald Ea«le Valley RR.T
total east of P.
& E
4,611
West of PittsburK <& Erie.
145
z7
Reported Directly
Chicago & St.
7
88
—
Pitts. Cin.
Miles.
LouisT... 1,473
Pennsylvania Compan)/ linesT
Cambriai Clearfield RR.T
Southwest Pennsylvania Ry.T....
Pittsburg Va. A Charleston Ry.T.
Belvldere Delaware RR.T
PhUa. Germ. A Chest. HMl ttR.T..
Pbiladelpbia A Long Branch RR.
Delaware River RR. A BridgeT....
Philadelphia A Erie RR.T
130
56
90
98
112
77
82
Total reported directly
Reported Sei'auatei,yGrand Rapids & Indiana linesT
Terre Haute & IndianapolisIT
1,075
2,348
Total system Jan.
1,
1899
9,035
49
T See
10
302
separate
statement for this
company.
OBOAinzATioN, Leases, Ac- The charter of the Pennsylvania Railroad was dated April 13, 1846. The Pennsylvania Company controls
aU the lines west of Pittsburg and Erie, the Pennsylvania RR. Co.
holding all its stock. On June 1, 1899. acquired control of the Cleveland Akron A Columbus by purchase of $2,337,500 of the $4,000,000
stock. V. 68, p. 1075.
Securities Owned.— The total cost of these to January 1, 1899, was
$117,238,886, most of which are pledged to secure Pennsylvania Issues.
Revenue derived from these securities in 1898, $4,636,057.
Capital STOCK.-Stock authorized by law $151,700,000; the amount
outstanding has been increased from time to time, chiefly by sale at
par to stockholders, for new acquisitions, etc.
Dividends < '83 '84 '85 '86 '87 '88 '89 '90 '91 '92 '93 '94toMay,'99
percent. <8»fl 7
5
5 5ia 5
5 5^2 6
6 t5
5 yearly.
And
also 2 per cent in scrip.
BojrDa.— Congolidated mort. of 1873 for $100,000,000 secures all the
consols equally, though issued at dlfiferent dates; of the amount author
Ized, a suniclent amount Is reserved to retire the general mortgage ol
1867. It covers all the property and franchises of the company,
Including its main line from Philadelphia to Pittsburg, and branches,
being a total of 517 irlles, partly four-tracked, together with real
estate and equipment. It is also a first lien on the company's leasehold
interest in other railroad lines and canals, as well as on shares and
bonds of other companies of an estimated cash value of over $50,000,000. These securities produced in 1892 an income of over $2,600,000.
Sinking fund for consols Jan. 1, 1899, held—Consols canceled, $1,771,980; other securities and cash $5,861,084.
The 4 per cent loan of 1881 is secured by pledge of Philadelphia Wil
mington A Baltimore stock.
The collateral trust loan of 1883 is secured by the deposit of mortgag*
bonds of subsidiarj' lines to the par value of $13,576,000.
The guarantee*! securities are bought with 1 per cent of the netlncomt
yearly, and $9,276,550 (par valueiso purchased were held Jan. 1, 1899.
t
Guaranteed Bonds.— See Supplement of April, 1899.
General Finances.— Mortgages and ground rents payable were on
In July. 1895, $5,000,000 consol. 'S^f, were
1. 1899, .$4,278,071.
sold for Delaware River bridge, constructiou and betterments during
1895. (See V. 61. p. 69.)
Latest Earnings.- Jan. 1 to May 31 (5 months) directly operated:
CJross, $27,382,170; net, $7,226,125
Lines east of Pitts- 1 1899
Jan.
burg&Krie.
<
1898
Gross,
26,114,876; net,
7.310,725
wMt of P. A E., inc. or dec... Gross, -1-1,044,500; net, -(-655,000
Annual Report.— Fiscal year ends Dec. 31. Annual meeting is held
at Philadelphia on second Tuesday in March. The report for 1898 was
Lines
given at length in V. 68,
p.
470, 477
;
see also editorial p. 449.
report of PENNSYLVANIA RAILROAD COMPANY.
Year ending Dec. 31
1898.
2,755
.$65,603,738
44,510,016
1897.
2,747
1896.
2,721
$64,223,113
43,257,627
$02,006,.'503
$21,093,722
4.636,057
$20,905,487
4,616,216
225. (!31
:J40,333
231,1!>1
353,2ti7
10.^,660
158,9.58
189,574
104,248
$18,637,176
4,615.433
320,435
335,634
54.180
e3,19S
$26,560,367
$26,459,085
«24,056,057
Miles operated
Gro.-s earnings
Operating expenses
-
Net earnings
Int. on Pa. RR. Investments
Int. on United N. J. seouritles
Int. for use of equipment
.
Interest, general account
Miscellaneous
Total net income
8
J. & J. N. Y.,44 Exchange PI.
J. & J. N. Y., 44 Exchange PI.
8
5 g. J. <fe .1.1 N. Y., Central Trust Co.
F. ik A. Tre's.oir., Concord, N.H.
6
Sin 1898 M. ANj/l Philadelphia, Office.
Jul V. 1899,4
July, 1899,4
pal, When
Dividend.
t
$630,000
298,000
2,790.000
541,500
129,305,000
19,997,820
6
See X Phila. Office A London.
-M fy Philadelphia, Office.
6
1,961,000
do
do
2,757,000
6
iufeD ry
22.762,020
6
J. & J. Phlla. office and Ix)ndon
Philadelphia, Office.
5 g.
-M.
3,498,000
do
do
1,500,000
5 g. ^l & 8.
4 g. M. & N.I N. Y., Farm's L. & T. Co.
2,970,000
Jag.
3
J. & J. Lond.,Jolnt-St'k Bk.Ltd
4,850,000
4
J. <& .1. Phila., Pa.Co.for Ins.&c.
7,702.000
5
J. A J.
PUlla.. Co.'s Office.
1,000,000
4i«g. J. A I). Phila., Pro vld'tL.&T.Co.
9,900,000
2.728,000
4 g. M. <fe 8. Phlla., Gir'd Life &o. Co.
Q.-F. Phila.,Tr.8. Dep.&LCo.
387,000
4
4
Quar. Phlla., Gir'd Life Ac. Co.
1.470,000
Quar.
do
do
3.000,000
3>ag.
Siflg.
3,000,000
Philadelphia.
300,000
43,0 M. & S.
Philadelphia.
200,000
44io M. A 8.
2,000,000
4 g. M. & N. N. Y., Farmers' L. & Tr.
Pittsburg, Co.'s Office.
21,000.000
'& 'j.
4iflg, J."
N. Y., Nat'l City Bank.
19,467,000
4,950,000
3 lag. M. & 8. N.Y.,Unlon Tr. * Phlla.
Various
do
do
4
1,043,626
Phlla., Gn.Tr. & S. D.Co.
2,250,000 2 In 1899
iF.'
Phlla.,
26
So.
ISth
St.
6
"a'a.I
81,000
A. & O. Phlla. Gu.Tr. & S. D.Co.
145,000
6
,
Due.
5(oc/c«— Last
Jan. 1, 1948
Aug., 1899, 3%
May 31, '99,2
>fl
1910
1905
1905
July 1, 1906
Sept. 1, 1919
Sept. 1, 1919
May 1, 1943
July 1, 1946
July 1, 1921
Jan. 1, 1901
June 1, 1913
Sept. 1, 1914
1899 to 1901
1902
1899 to 1908
1900-1909
Moh. 1, 1909
Sept. 1, 1912
May 1, 1923
June 1, 1894
July 1, 1921
Sept. 1, 1937
July
1,
June
June
IS,
15,
Various dates.
July 10, '99, 2
Aug. 1, 1905
Apr. 1, 1913
Deduct—
1
898.
$10,315,772
4,263.459
Interest on funded debt
133.604
Int. on morts. A ground rents.
Interest on car trusts
437,828
Equlp.trustloan sinking fund.
136.400
1,044,575
State taxes and miscellaneous
Rentals
1896.
$8,824,163
4,257,819
131,978
575,592
875,384
$16,331,638 $15,626,853
$10,228,729 10,833,132
$92,000
$94,410
354,780
324,780
Total
Balance
Payments— To
1897.
$9,718,430
4,261,039
133,023
549,154
136,400
828,806
trust fund
Consol. mortgage redeemed
Allegh. Val. RR. Co.— Deflo'y
Extraordinary expenses
673,858
$14,664,936
$9,391,121
$73,048
324,780
244,570
1,516,899
1,067,305
$2,159,297
$1,120,638
$1,486,495
Balance to credit of Income ... $9, 1 08 ,090
$9,346,637
.$7,231,824
Dividends
(5)6,46.^,236 (5)6,465,170 (5)6,465,123
»1, 800,000
*$1, 800,000
"Extraordinary Fund"
To credit of profit and loss.
$842,854
$766,701
$1,081,467
Bal p rofit and loss Deo. 31 . . . .$22,445,998 $22,823,957 .$24,152,323
'Created in 1897 to ensure continuous prosecution of work on grades,
alignments, betterments, Ac, in which shall be set apart from time to
time such sums as can be spared from current income without encroaching on dividend fund.
EARNINGS ON ALL LINES BOTH EAST AND WEST OF PITTSBUBO AND ERIE:
The figures for 1898, 1897 and 1896 are as foUows
1896.
1898.
1897.
Year ending Dec. 31—
$132,869,470 $128,278,087 $123,634,120
Gross earnings
87,641,032
88,329.329
92,909,329
Operating expenses
. . .
582
638
656
Other lines (see Pa. Co.statement)
14
JJonrfi— Prlnol-
bon ds A. &0.
Pennsylvania RK.
Total main line and branches...
Outstauding
INTEREST OR DIVIDENDS.
Rate per Whe
Whenn Where Payable, and by
Cent.
Payable
Whom.
1
"""so
1880
1,000
1883 500 &0.
24
Amount
111
43.469,327
$40,637,055
$35,304,791
Net earnings
$39,960,141
Officers (Mar., 1898.)— President, A. J. Cassatt; 1st V. P., John
P. Green. 2d V. P., Charles E. Pugh; 3d V. P., S. M. Prevost, Secretary. John C. Sims; Treas., Roberit W. Smith.- (V. 66. p. 473, 1089
V. 67, p. 180, 789, 1309; V. 68, 4T0, 477, 825, 1075, 1183.)
PennsylTania Company.— C/See Map Pennsylvania RR.)—Th\s
company owns no road in fee but has charge of all the system of the
Pennsylvania Railroad Co. west of Pittsburg, its lines including
Other lines controlled by slock or
Leased hy transfer from Pa. RR.:
Pittsb. Ft.
W.
& Chicago.
Miles.
i;409-89
1114-98
12-23
1184-47
otherwise:
Pitts. Cin. Chio.
Milet.
&
St. L.
1.340-68
Ry. and leased lines
New Castle A Beaver VaL.
Cin. & Muskingum Val... 11148 45
Massillou A Cleveland.
28-15
Waynesburg A Washing..
Erie A Pittslmrg ..
1[103-13
Cleveland A Pittsburg.... tl98-34 Cleveland & Marietta
31-76
Cin. Leb. &Nor
Leased directly by Pa. Co.:
125-09 Cin. Rich. & Fort Wayne.. *85-60
Pitts. Youngs. A Ashta....
Toledo Wal. Val. A Ohio. ^ 125-40 St. L. Vand. A Terre H.... 11158-30
Indianapolis A Vincennes 11133-11 East St. L. ACarondelet.. 1113-25
Controlled jointly with
Controlled by stock or otherwise:
other companies:
1527
Pitts. Ohio Val. & Cin
-55 Pitts. Chartiers & Yough.
Roclu Beaver Falls AW...
1T15-74
2-96 Tol. Peoria A Western.... 11230-70
Marginal RR.,Beav.F..Pa.
. .
.
1i
. .
.
SallneviUeRH
Rolling Mill RR.,Toledo,0.
South (Jhic. A Southern...
State Line A I nd. City....
Calumet River
3-07
-71
10-25
7-56
4-43
Lines used Jointly under
trackage arrangements.
Total of
all lines
93-33
3,457-40
'Operated by Gr. Rapids & Ind.
H See statement for tills co.
Organization— (Chartered in Pennsylvania April 7, 1870. Its stock
On December 31, 1898, the
Is owned by the Pennsylvania Railroad.
Pennsj'lvania Company owned sundry bonds having a par value of
$8,81 /, 402, and stocks of par value of $58,681,567, these stocks and
bonds representing on the company's liooks a value of $38,621,727
and ylelmng from Jan. 1 to Dec. 31. 1898, an Income of $1,423,624.
Dividends.— In 1883,4 per cent; then none till 1892, when 4 per
cent was paid In March; In 1893, March, 4 p. c; In 1894, June, 4 p. o.
Bonds.-ThegroW bonds o/1921 are 8ecure<l by a deposit of the leases
of P. Fort W. A C, the Clevo. A Pittsb. and Erie A Pit tsb. railroad.-', and
of bonds and stocks having a )>ar value April 1, j.881, of $24,171,630,
as well as by lien on certain real estate.
In Sept., 1897, guaran/-:ed trust certificates wore issued by Girard
L. I. A. & Trust Co., Phila., as trustee, under a deed of trust inailo by
the Pennsylvania Company and the Pennsylvania RR. Co., whereby
the Pennsylvania (Jonipuny lias pledL'cd .$."., 00(),0(»() at par of tll<^ 7 per
Total Penn. Co. lines... 1,20831
special stock of tlui Pittsburg Ft. Wayno \- Clilcago
Tlie total authorized issiio of the trust certilleaU s i.n
$20,00(1,000, each series to lie secun-d by deposit of shares of tho
special guaranteed stock to an amount equal to the par value of the
series. See V. 65, p. 368, 572, 11 16; V. 67, p. I'i'Z.
, „ „
„,
Rkiort.— In year 1898 gross on 1,225 miles, $21,080,(>00: net,
$7,.544.266; iiiten-Ht, rentals, etc.. $«,H61,7(!l; bal., sur., $6S;*,505.
In 1H97, gross, $20.2-.i5.(i70; net, *8.or>().009.
Income account has shown: In IHD'J, pnillt, $1,229,074; In 1893,
proMt, $1,050,476; in 1894. loss. f<587.47t:; In 1895 prolit. $9 I, .034;
profit.
fn 1896. prolit, $238,267; in 1M97. iirollt. $1,009,821; in 18'.»8.
$682,505.-(V. 65, p. 368, 1116; V. 68, p. 1077.)
cent
giiariint(!eil
Railway Co.
las
INVESTOKS' SUPPLEMENT.
[Vol. LXIX.
1
July,
KAILROAD STOCKS AND BONDS.
1699. J
RAILROADS.
Miles Date
Size, or
Amount
of
of
Par
For explanation of column headings, Ac, see notes
Road. Bonds Value. Out.Htauding
on first page of tables.
d S. W.—(Con.)—V\^a,Tt. & Jefferson Ist M.o*
o*
General niortKase for $'2, 500,000
Car trustt^, $50,000 duo yearly
Ptoria dt Bureau Ta/.— 8tk., 8 p. c. renfl C. R.L&P
Peo. Decatur <t Epa/is^r.— Heceivor's certifloiites
c'
Ist M. (Peoria Div.), gold
Ist m. (Evansv.Dlv., Mattoon to EvansvlUe,) g.o*
c*
gold
mortgage,
Second
Peoriadt Eastern— \-aA. Bloom. & W. 1st M., pref.cAr
Ohio Indiana A West. Ist M..pref.,gold, Int. gii.oP. & E. consol. M. $10,000,000, Interest guar..o*
2d consol. mortgage, Income, non-ciuuulatlve. ..o
c
Peoria dt Pekin rVijou— 1st mortgage, gold
c
2d mortgage, gold
Peoria dt St. Louis— l»t M.. gold, $20,000 p. m...c*
Pemiometi—lstM., ser. I (Ist I'n) gold, gu. p. & i.C
renii.
Ist M., ser. 2 (2d
I'n)
gold, guar. p.
A
(end.)..o*
1.
Peterboraugh iJ/f.— Stock (rental -i per cent)
PA^/..i!Brt/^Cen^— IstM. $2,500,000,$!, 200,0004ias
Pkila. <6 Ches. F.— Ist M., pf., old 58, red. '96, g..o*
Ist m.. old 4s, not pref., Int. reduced In '96, g..c*
PMla. rf JSrie— Common stock ($10,000,000 author.)
Preferred stock, 7 per cent, special
Gen. M. (now l.«t) gold, guar. p. A 1. by Pa. RR..C
r
do
do
($5,263,000 are 5s)
P. o*
Pkila. dt Frankford—Ut M., $500,000, gu.
PMla. Qerm. <t Chestnut Hill— 1st M., gu. by Pa. Ry .r
Oh
Consolidated mortgage, gold
Phila. Germ. A ,Vorris<'/i— Stock rental., P.
&
c*
38
62
1886 $500&o.
1890
1,000
47
100
1895
1880
1,000
1880
1,000
1886
1,000
1879 100 &0.
1888 500 Ac.
1890
1,000
1890
1,000
1881
1,000
1881
1,000
1896
100
1888 100 &c.
1888
1,000
iio
128
244
202
342
342
342
20
20
3 8 -5
38-5
73
....
....
287
287
287
287
....
7
....
;
1881
1888
1888
....
1869
1869
1892
1883
1894
1,000
500
500
50
50
1,000
1,000
1,000
1,000
1,000
113
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and by
$1,000,000
1,021,000
151,000
1,500,000
6
5
J.
J.
5
8
M.
(I)
6
6
6
g.
J.
g.
5
g-
M.
M.
4
5
g.
1,287,000
1,470,000
2.088,000
1,000.000
500,000
8,103,000
4,000,000
1,495,000
1,499,000
Whom.
Payable
Cent.
F.
A
A
A
A
A
A
A
J.
J.
Bonrf*-- Prlnol-
pal,Wlien Due.
Storks— IjB^X.
Dividend.
Phlla..Gu.Tr.AS. D.Co. Jan.
do
do
Jan.
do
S
do
1,
1,
1927
1930
Sept. ."gg to '03
A. N.Y.,Ch.R.LAPao. RR.
Aug.. -99,
4%
J. Muly'97.(p pd. nco.'97 Jan. 1, 1920
8. *Scp.'9()cp. pd. Fcli.'vt7 Sept. 1, 1920
N. Nov., '93. coiip. last pd. Nov. 1. 1926
A. A O. N. v., J.P. Morgan A Co. July 1, 1940
do
do
Apr. 1, 1938
tJ.-J.
A. A O.
do
Apr. 1, 1940
do
April 1
N. Y., when earned.
Apr. 1, 1990
Q.-F. N. Y., Central Trust Co. Feb. 1, 1921
M. A N.
Feb. 1, 1921
do
do
F. A A. N. Y., Kuickorbook. Tr. Aug. 1, 1936
C;.-J. Phila. ReadlugTor.Bld. Jan. 1, 1918
do
Jan. 1, 1918
do
t;.-J.
Apr., 1899,2%
A. A O.
Nashua, N. H.
JSov. 1, 1911
M. A N. Phila.. Peun. RK. Co.
Phlladolpliia.
Apr. 1, 1938
A. A O.
do
Apr. 1, 1938
A. A O.
do
4
4
6
g.
4Jflg.
(I)
5 g.
799,600
5g.
1,125.000
5 g.
4
385.000
2.200,000 41a A 5
280,500
4 g.
100,000
3g.
7,985,000
2,400,000 I iu'isbs Yearly.
8.680.000
6 g. J. A J.
11,143,000 4g.A5g. A. A O.
497,000
4 g. F. A A
4l2
1,000,000
M. A N.
4l3g. M. A N.
263,000
12
Q.-M.
2,246,900
500,000
5 g. AA015
1,408,000 See text. A. A O.
Broad St. Stat'n.
Broad St. Stat'n.
do
and London.
Phila.. Broad St. Stat'n.
Phila., Comp'y's olflce.
Phila., Broad St. Stat'n.
do
do
Phila., 132 So. 3d St.
PUlla.,
Phila.,
Moh. 1. 1894
Deo.31,'98,4%
July 1, 1920
July 1, 1920
Aug. 1, 1922
May 1, 1913
Nov. 1, 1944
29
June 5,'99, 3%
....
50
44 1890
Phila.. Comi)'y's otHoe. Oct. 15, 1925
1,000
22 1892
1,000
do
do
Oct. 1, 1942
Philadelphia Jt Reading Ry.—SKK READING C OM P A NY.
27
....
100
10
Phila.. Company'sOffloe July, '99, 2>a%
See text.
Q.-J.
Q.—
J.
Phiia. dt rrf>i/07t— Stock 10 p. o. rental, Penn RR..
The Brown Committee is paying each April 1 and Oct. lit the Central Trust Co. iutere.st at 6 p. c per annum on oertitlcates representing
all except about 40 of the tlrst mortga ge bonds o f botli di\ islcns, that is all bonds deposited with said trust company under their agreeme^>»_
R. Ry.
Phila. HnrTisfrMrflrrfrt««t>(«rj/— 1st mort., gold. c*&r
o*
PAU.A'eirCnrf.V.r.— Ist M., gold (see text)
'
Pennsylvania
A.
North Western
RR.—Owns Bellwood, Pa., to
Horatio, 62 miles total, including branches. 75 miles. A consolidation
Jan. 1, 1890. of the Bells Gap and Clearfield A Jefferson roads.
Dividends.- In 1890. 5 p. o.; in '91, 5; in '92, 519: in '93, 6 p. 0.; '94,
2 p. c; 1895, 2 p. 0.; 1896 to 1898, none; in 1899, July, 2 p. c.
EAJftNiNGS.— Year ending Dec. 31, '98, gross, $598,641; net, $'i24,767;
other income, $902; Interest, taxes, etc., $142,544; balance, surplus,
$83,124. In 1S97, gross, $505,464; net, $168,117. (V. 59, p. 1008.)
Peoria to Bureau June, 111.,
Peoria 4c Bureau Valley
47 miles. Leased in 1854 to Chicago Rock Island & Pacific RR. for
$125,000 yearly; dividends, usually 8 p c. yearly, occasionally more.
;
RR.—
Peoria Decatur & Evansvllle Ry.— Owns from Pekin
to Evans228 miles; branch, 6 miles: total owned. 234 miles; joint track to
Hervey City. 8 mUes; leases, Pekin. 111., to Peoria. 111., 9 miles; through
Decatur 3 miles; total, 254 miles. Stock, $?,400,000.
Rbceiversqip, Etc.— On January 13, 1894, placed in receiver's
yllle,
The receiver is now E. O. Hopkins— see V. 65, p. 195.
Committees.— Firs< mor/jragre bondholders' committee (both dl visions^
Walaton H. Brown, Chairman, 40 Wall St. Depo>itary, Central Trust
tiands.
York. A majority 01 firsts of each division has been deposV. 65. p. 778, 824, 977.
Second ilortgage Bondholders' Committee.— Moses L. Scudder,
Chairman. Depositary, N. Y. Security A Trust Co.. N. Y. See V. 60,
p. 930. 1106. Practically aU the seconds have been deposited.
Foreclosure suits instituted under both divisional first moptgages.
The Scudder amended plan was in V. 67, p. 1357. The Brown first
mortgage committee's plan In V. 65, p. 621.
Floating Debt.— On Dec. 31, 1897. principal of bills payable was
$804,091; accrued interest unpaid, .$2:^2,746; equip, notes, $7,564;
overdue interest on seconds, ^37,000; due H. I. Nicholas
Co. on
stock account, $65,672; receiver's bills payable, $25,000.
Earnings.— 3 months, ) 1899
Gross, $192,166; net, $54,157
5 1898
Gross, 199,376; net, 53,028
Jan. 1 to March 31.
Year 1898, gros.«, $904,623; net, $108,671; year 1897, gross, $901,675; net, $124,323; year 189 6, gross, $884.0.54; net, $204,958
To balance in '97 or '96 add $15,000 dividend on P. & P. U. stock
in each year, but ownership of this stock is in litigation. President,
<Oct. '97) R.S. Anderson. -(V. 68, p. 188,475.619, 978.)
Peoria ic Eastern Ry.— C<See Map Olev. Cin. Chic, dt St. Louis.)—
Owns from Pekin, 111., to Indianapolis, Ind., 202 miles, and has a lien
of $5,000s000 on Springfield Division, Indianapolis to Springfield,
Ohio, 141 mUes; trackage, Pekin to Peoria, 9; total operated, 352 miles.
Lease, Etc.— Formerly Ohio Indiana A Western, sold in foreclosure
In 1890, reorganized per V. 49, p. 616, and leased till Apr. 1, 1940, to
Cleveland Cincinnati Ch. A St. L., which guarantees interest, but
not principal, of the first con.<M)ls and the underlying bonds, and owns
one-naU tee $10,000,000 stock, par $100. See Supplement of Jan.,
1894, aa to provisions respecting any surplus over charges.
Bonds.- See abstracts of mortgages of 1890 in V. 51, p. 246 and
of O. Ind. A Western mortgage, V. 47, p. 201.
Co.,
New
ited.
&
.
Eakninos.— 11
1898-9
Gro.ss, $1,728,528; net, $418,444
$1897-8
Gross, 1,7'21,099: net. 44H.302
July 1 to May 31.
charges,
Sur. over 1 1 mos.'
$13,874 In 1898-9, agst. $43,484 in 1897-8.
Annual Report.— For 1897-98 see lessee's report V. 67, p, 425.
Fear end. June 30. Gross.
Net.
Interest, etc.
Balance.
$1,883,107
1897-8
$456,782
sur.$15.162
$441,t>20
1,631,103
1896-7
342,847
441,620
def.98,773
—V. 61,p.j(>7,J*« V. 63, p. 656; V. 67, p. 425.530.
Peoria Sc Pekin Union Ry.—Owns Pekin to Peoria, on both
aides of Illinois River, and yard.f at and opposite Peoria. Mileage main
track, 16-55; second main track, 8»2: total main track, 25-47 miles.
Mileage of side and yard tracks, 4762. Capital stock, $1,( 00,000.
Owned by the Cleveland Cincinnati Chicago A St. I.iOul8, ("hlcago
Peoria A St. Louis, Peoria Decatur A EvansviUo, Lake Erie A Western
and Toledo Peoria & Western companies.
1896 7, 6 p 0.; 1897-8, 6 p. c.
In 1895 dividend 6 p. c; 1895-6, 6 p. c
Earnings for year ending Juno 30, 189S. gross. $686,848 net, $352.120; charges, $269,599; dividends, $60,000; t)alance, surplus, $22,521.
Ir 1896-7, gross. $042,803; net, $316.390.-V. (JO. p. 6*1.
Peoria 4c St. Lonls Rv.— In July, 1899, partially constru< led
from Springfield to Peoria, III., al)out 55 miles, and It was reported
would be completed by Nov. 1, 1899. See V. 69. p. 81. Incorporated
July 24, 1896. First mortgage Is for $1, 100.000 bonds to be Issuert at
not exceeding $20,000 per mile. V. 64. p. 755. Mortsage trustee
was Robert Maclay, Registrar Knlchcrbocker Trust Co.. N. V. Preoldent, Turiioy KngUsh; Sec T. W. S. KIdd, Chief Knginecr. K. F. Harper, aU of Sprlngtield, Ill.-V. 63, p. 560; V. 64, p. 755; V. 69, p. 81.
Owns from I'orklornon Junction. Pa., to Kinaus
PerKtomen
Juattlon, Pa.. 383 miles. Stock, $37,500, f. p par $50. Reorganized in
1SS7. There Is due Reading Company on loan accoiuu about .$7o!i.OOO.
In year lS97-9'<. gro.s.". $299,330; net, $131,911; int., etc., $96,230.
Wilton to OreenHeld. N. II.. 10 "s miles.
Peterborough
Leased April 1, 1893, to Ho.ston A Lowell for 93 years at 4 p. c. on
atock and expeuxes. Capital stock $385,000; par, $100; div.. A. O.
PetertilMirK RR.—See Atlantic Coast Line Co. of Virginia.
n-o^.,
>
;
;
,
RR.—
;
HR.—
Philadelphia
Baltfiuure
6c
RR.— West
Central
Fniia. to
Octoraro Jo.,Md., 63 miles; Wawato West Chester, Pa., 9 m. (double
track, 13 m.); branch. 2 m.; leased, Chester Creek RR., 7 m. Phila. Wilmington A Baltimore Railroad holds $2,497,100 of the $2,499,286
stock, and road is a part of Pennsylvania system. Fiscal year ends
Oct. 31. For 1897-98, gross earnings, $829,616 net, $115,182; Int. on
deposits, etc., $22,742; def. undercharges, $29,703.
Philadelphia &. Chester Valley
Road from Bridgeport
to Downlneton, Pa., 22 mUes. Chartered in 1888. Capital stock (par
$50) Is, common, $550,000; preferred, $205,100; total, $755,100. of
which Reading Company owns $450,000 common and $205,100 preferred, the same being deposited under Its general mortgage of 1897.
The Reading " Company" guarantees by endorsement principal and
interest of the bonds, with interest reduced. See V. 63, p. 1064.
Earnings.— For year ending June 30, 1898, gross, $41,627 net
$8,739; charges, $14,547; bal., def., $5,808.— V. 63, p. 1064.
CSee Map Pennsylvania RR.)—
Philadelphia
Erie
ROAJ>— Owns Sunbury to Erie, Pa., 287 miles—double track. 76 miles.
Organization, Lease, Ac— Formerly Sunbury A Erie. Leased to
Pennsylvania RR. Co. for 999 years, and actual net receipts paid as
rental. Pennsylvania RR. owned Deo. 31, 1898, $3,499,800 common
and $2,400,000 special stock and $3,944,000 general mortgage bonds,
and city of Philadelphia (sinking fund) $2,250,000 common stock.
Dividends.— On common in 1892, 2 p. c; 1894, 2 p. o. On preferred
"special," 1888-93, 7 p. c. yearly; 1894 to '97, 1897, 2 p.c; 1898, 4 p. o.
Earnings.— 5 mos.,? 1899
Gross, $1,658,271; net, $337,651
Jan. 1 to May 31. J 1898
Gross, 1,515,004; net, 357,863
Annual Report.- Report for 1898 was given in V. 68, p. 425.
rear end. Dec. 31—
189S.
1897.
1896.
1895.
Gross earnings
$4,574,443 $4,601,257 $4,512,511 $4,378,574
Total net Income
1,317,919 1,235,187 1,231,996
~" 1,181.840
Interest on debt
1,019.150 1,047,470 1,047,470 1,047,470
Interest on special stock.
96,000
48,000
176',962
Interest on equipm't, Ac.
200,454
125.564
i29',843
;
RR.—
;
&
Balance
-(V. 65,
RR,—
sur.
p.
$2,315 sr.$14,153 sur.$7,564
468 V. 68, p. 425.)
572; V. 66, p. 385,
Philadelphia
8r.$4,527
;
& Frankford RR.— Owns from
Crescentville to
Of the $500,000 stock, $498,950 is owned
by Reading Company and deposited under its mortgage of 1896. In
1898 interest on bonds was reduced froiu 5 to 4 per cent per annum,
principal and interest being guaranteed by the Reading Co. V. 67, i>.
Frankford, Pa., 2-6 miles.
1358, 1357.
RR.—
Philadelphia Germantown Sc Chestnut Hill
In Philadelphia from (4ermantown Juno.. on Connecting Railway, to Chestnut
Hill, 7 miles; branches, 7 miles. From May 1, 1883, lea.sod for 30 years
to the Pennsylvania Railroad Co., which guarantees principal and
Interest on the bonds, and Jan. 1, 1899, owned $1,262,750 of the
$1,263,000 outstanding stock and ail the $263,000 outstanding bonds.
Authorized stock $2,000,000 (par. $50). Of the consol. mortgage for
$2,000,000, $1,000,000 reserved to retire firsts of 1883. Interest free
of
aU taxes.
(V. 59, p. 880.)
Philadelphia
Oermaiitown
&.
Norrlstown
RR.— Phila.,
Norristown and (reriuautown. Pa., 'ZO'a miles; second track,
20 miles; total truck, 80 m.; Plymouth RR., 9 miles. Leased November
10, 1870. to Philadelphia A Reading Railroad for 999 years at a rental
of .$269,623 and $8,000 yearly for organization expenses. Dividends
are 3 per cent quarterlv (12 per annum), but in March and September,
1893, only 2»3 p. 0. each was paid on account of certain losses. Lease
assumed In 1896 by Phila. A Reading Railway.
Philadelphia Ilarrlsburs: & Pittsburg RR.—Owns from
Ilarrisburg, Pa, to Shippensburg.on the Western Maryland Railroad.
41 miles; sidings and laterals 10 miles. Oi)ened in April, lH91,and
leased for 999 years at 5 p. c. on stock, intrrcst on bonds, taxes and
expenses to tlie Philadelphia A Reading /4K., which by endorsement
on each guaranteed the bonds, principal and Interest. Lease assumed
in 1897 by Philadelphia A Heading Railway. Stock, $2,000,000 (par.
$.50), of which $1,995,000. ab)ng with $1,472,000 of the bonds are
owned by the Reading Company and deposited under its general mort
gagoof 1897. Mortgage Is for $2,000,000.
Pa., to
Philadelphia Newto«vn
Sc
New Vork
RR.—R()at>- Phila-
branch I nillc. Ciiiiltal stock.
$1,600,000; par. $50. Of the bonds. $819,100 (with coupons only
partly paid— see V. 61, p. 331), are owned b y the Heading Company
and deposited as part security for its general iiiortgiigo of 1897. In
Oct., 1898 Interest on $.507,000 bonds was reduced to 3 per cent,
from Ai)rll 1, 1897, and made a tlrst charge, tlmtoii ii«in»lnc|<»r i>f iss^ue
dclplila to ?i(!Wtown,
Pa.. 21
miles;
iK^Ing left at 5 per cent, subject to said auri'tiiinuil.— V. 6S, p. 77d.
net, $1^2,666;
For year ending Junti 30, 1H9H, gross. $so.938
charges, $25,74' hiil., dctlcit, $3.074.- V. 67. p. 1356; V. 68, p. 773.
;
;
Phlladeipliiii
A:
Readln:;
RU.—See
Rkading Company.
New Envland Ry.
Pliliadrlplila A 'rr«-iil«>n lilt.— I'lilla. (Kenslnifton). Pa., to
•..'- On
.MorrlsvlUe. f'a., 23 miles, mostly rmirl racked, and branch
Phila. Keadinu
A
.\e\v ICna:.— See Central
:i
1H71. leased, with the Inlted Cos. of N. .1.. for 9!t9
i'onn. RR. at 10 p. c. on .$^194,100 stock, the total Issue ben
100. the balance belnir owned by the United RR. of N. J.
Dec.
I.
lie
•'.•,-
114
INVESTORS'
SUPPLEMENT.
[Vol. LXIX.
July,
1899.
RATTiKOAD STOCKS
|
AND
115
BONDS.
Immediate notice ofanj error discovered In these Tables.
B«md«— Prlncl
INTEREST OR DIVIDENDS.
Date Size, or
pal,When Dna.
Sabscrtberit ivlll confer a great favor by g^lvlns
RAILROADS.
Miles
For explanation of oolunin headings, <&c., see notes of
of
Par
Road. Bonds Value.
ju first page of tables.
Philadelphia Wiltninglon d Baltimore— Stoo^
Plain bonds, s. fima $16,000 yearly, not drawn..i;
Plain boud.'»,8. fund $20,000 yearly, not drawn..
Plain bonds
r
Plain bonds
r
Plain bonds, gold
r
Plain bonds, gold
r
Piedinon t d: Cum berla nrf— Stock
1 8t mort gaire gold
c*
Pine Creek— lut M., guar. prin. and iutt<re.<it (oud.)r
Pittsburg Bessemer df L. ^.— Com., $10,000,000....
Pref. stock, 6 per lent oiim., $2,000,000
Plttsb. 8bfu. * Lake Erie, Ist luort., gold
c*
Consol. l8t mortgage, for $4,800,000, gold..c*
Pittsb. B. .t L. E., eonsol. M.. $10,000,000. g..c*
Debenture>, gold. $2,000,000. See text.CJPI...
Bessemer eq. trust. $75,000, g., ea. July l.CfPI.
Conueaut equipment trust, $500,000. gold.FPI
PittsburffChartiers dt lough; y—SXoiik, $1,000,000..
$50 $11,819,350 7
134
151
193
193
1886
1885
1,000
1,000
1890
1893
1897
1899
1897
1898
i'.boo
1,000
1,000
1,000
1,000
1,000
50
16
Gen. M.$l,bO0,OOO, gold.gu.p.iti. (end.) See text.
16
Pittsburg Cincinnati Chicago <t St. i^oms— Pref. st'k 1.090
& Ind. Cent, l.st M. (Colum. to Ind. & br.) .c* 208
iCol.
Col. A ludiuuapolis Ceutral 2d xnortgage
c*
208
Union & Logansp't l8tM.(U'u City to Logans. )o*
93
lie. St. L. it Pitts, cons. M. ($22,000,000) g.. .c.fer
580
Jefl'nvme, Mad. & In. 1st M. (s. f. drawn at 110).
222
2d mort., Jettersonv., Ky., to Indlanap. & br'h.o 222
< Steub. & Ind., 1st mortgage, extended In 1884.
116
e*r 216
< Pitta. C. & St. L.. Isteonsol. mortgage
iu June, 1899, held $1,349,000
1,000
1,000
1.000
1,000
1,000
1,000
50
mortgage
a Sinking fund
1875
1880
1887
1887
1891
1892
j
1882 500 &0,
1892
1,000
100
1864
1,000
1864
1,000
1865
1,000
1883
1,000
1866
1,000
1870
1,000
1864
1,000
1868
1,000
—
777
;
1
p. 573.
& Lake
Erie RR.—(8ee Map.)—Owns
line completed in August, 1897, from Bessemer, near Pittsburg,
Pa., to Conneaut Harbor on Lake Erie, and Wallace Junction, Pa., 162
miles; terminal in Erie, etc.. Pa., 2 miles; branches, 27 miles; leases
MeadvlUe Conneaut Lake & Linesville RR., Linesville to Meadville, 23
miles; trackage, N. Y. Chic. &. St. L., to Erie, 13 miles; total, 227 miles.
Organization, Etc.— A consolidation Jan. 14, 1897, of the Pittsburg
Bhenango <fc Lake Erie and the Butler & Pittsburg. Carries Iron ore
south and coal north, its contracts with the Carnegie Steel Works and
others.
said, insuring it
a tonnage of 4,000,000 tons annually.
grades 30 feet. See further particulars
V. 63, p. 11.50; V. 65, p. 152. One-half of the stock was to be owned
by the new C*mc>fie Steel Co. orgaaizedin 1899
The United States &. Ontario Steam Navigation Co. organized by
the P. 8. & L. K. runs boats for coal transfer, etc., between Conneaut
and Port Dover, Can., 68 miles, and Conneaut & Port Stanley, Can., 58
mUes. SeeV. 60, p. 872, V. 61, p. 241.795.
Stock.-Conmonstock Is $10,000,000; par $.50. Asto pref., see below.
Bonds.— The old first mortgage of $3,000,000 covers the line from
Butler to Wallace Juuution, 106 miles, and branches 28 miles. Debentures of l'".»9 may be called after June 1, 1909, upon company paying 4 ]>cr cent for each year of unexjjired term.
The P. B. & L. E. mortgage of 1897 is for $10,000,000 (trustee United
States Trust Co., N. Y.), covering all the railroad, property, rights and
franchises of the consolidated company, including the agreement with
the Carnegie Steel Co., Limited, and the Union RR. Co. Of the new
bonds $4,800,000 will be reserved to retire at or before maturity a like
amount of bonds outstanding on the Pittsburg Shenango & Lake Erie,
Car trusts Sept. .30, 1898, $1,243,674. Conneaut golil equipment
trust 6s mature .$50,000 yearly on March 1 from 1900 to 1903, and
$60,000 yearly from 1904 to 1908. inclusive.
Genera I, Fi.sances.— Stockholders to pay lloatlng debt Incurred for
Impr.iveiiientH, etc., on May 5, 1»5!)!», authorized an issue of $2,000,000
6 p c. cum. preferred stock and $2,000, 000 5 p c. gold debentures, of
which $l,.5OO,i,00 $500,000 to remain
the treasury), together with
the debentures, were offered to stockholders at par.— V. 68, p. 525,
928, 1133.
Earnings.— Jan. 1 to July 14,1899 (e^ months), gro.ss, $722,890;
against $560,532 In 1898. Jan. 1 to Dec. 31 (12 mos.), gross, $642, .593
In 1898, $1,311,861. Year ending June 30, 1898, gross, $881,590
def. under operating, $82,788
other Income, $2,425; total deduoRail.-.
It is
100 pounds,
maximum
m
;
6.')0,000 4 in
6rio,ooo
3, .500,000
—
Last
Dividend.
& J. Phlla., Broad St. Stafn July 3, '99. 3%
& O. Phil.Of.;Bost.,Kld.Peab Apr. 1, 1900
J. & D.
do
do
June 1, 1910
4
A. & O.
do
do
Apr. 1, 1917
4
M. & N. Phlla., Broad St. Stat'n Nov. 1, 1922
4
J. & J.
do
do
Jan. 1, 1926
4 g. A. & O.
do
do
Oct. 1. 1932
1898 Semi- an Check from Co.'s olHco. Apr.15,'99,2%
F. & A. Baltlm.,Hambleton&Co Aug. i, 1911
I' J. & D. N. Y. Gd. Cent. Station Deo. 1, 1933
1898
J.
6
5
A.
10,000,000
2,000,000
3,000,000
800,000
6,200.000
5
g-
A.
5
5
i.r>oo,ooo
5
ggg-
J.
J.
J.
&
5
J.
7
F.
O. N. Y. Central Trust Co,
it
&
&
&
&
&
<fe
&
&
&
&
&
Oct.
July
N. Y., U. S.
Jan.
J.
D. Uu. Trust Co., Pittsb'g. June
1,
1,
1,
1,
1940
1948
1947
1919
J. Un. Trust -o., Pittsb'g. J'lv 1,1900-06
Tr., Pittsb'g. 1900 to 1908
8. Fid. Tit.
(fc
<fe
do
Trust Co.
do
,T.
<fe
6
525,000
J.
M.
500,000
6
700,000 4Feb.'98
6
F.
320,000
349.000
4 g. A.
22,681,110 liiMr'99
7
2,631,000
J.
M.
816,000
7
A.
7
715,000
5 g- A.
1,506,000
al, 59-1,000
A.
7
1,995,000
J.
7
3,000,000
6,863,000
Stocks
&
Fob.15,'98,494
Feb. 1, 1902
do
do
Apr. 1. 1932
N. Y., Farmers' L'n&Tr. Mar.20,'99,li«
Nov., 1904
J. N. Y., Union Trust Co
N.
do
do
Nov., 1904
do
do
O.
Dec, 1905
A.
O.
Pittsburg, Office.
do
do
O.N.Y., Farmers' L'n&Tr.
do
do
J.i
J. IN. Y., Nat'l City Bank.
O.
Oct.
Oct.
July
Jan.
A.iPhUa., Broad St.Station Aug.
1,
1,
1,
1,
1,
1932
1906
1910
1914
1900
additional.
Plitladelpliia Tt'llminston Jc Baltimore nR.—fSee Map
Penn. K-ff.y— Operates from Philadelphia to Washington, D. C, and from
Wilcnington, Del., to Delmar, Del., with branches as follows:
Lines owned—
Miles. Delaware RR.1T
217
Philadelphia to Baltimore
95 Delaware Md. & Va.TT
98
Baltimore A Potomac 11
laU double track.)
97
Branches to Delaware City, etc. 22 Other lines (6)
53
Lines controlled, leased, etc.
Philadelphia & Bait. Centrair[. 80
Total (H see this company)... C69
Org.^nization.— Penn. RR. owns $10,890,950 stock (mostly purchased in 1881), and controls the operation. The P. W. & B. owns
stock in the Cambridge & Scaford, Columbia & Port Deposit, Junction
RR.. Queen Anne's (fe'Kent, South Chester & Un. RR. of Baltimore, etc.
In Feb.. 1899, leased Junction RR. of Phila. for 99 years. V. 68, p. 428.
Dividends. \ 1868-87 '88 '89 '90 '91 '92 '93 '94 '95 '96 '97 '98 '99
Percent. ^ 8 yearly. 7
7
6
6
7 7i3 7 6i2 7
In 1899, Jan., 4 p. c; July. 3 p. c.
Bonds.— All to be secured by any future mortgage. See description
on page 4, -ScrPLEMEST of April, 1895. Mortgages and ground rents
Nov. 1. 1898, $164,002.
Earnixos— 7 months, S 1898-9.. Gross, $5,714,346; net, $1,592,724
Nov. 1 to May 31.
5,264,956; net, 1,30^,924
i 1897-8. .Gross,
ANNCAL Report.— Year ends Oct. 31. Report for 1897-98 was given
In V. 68, p. 325, showing: Gross, $9,601,563
net, $2,480,671
other income, $431,129; interest, taxes, rentals, etc., $1,909,052; dividends, $827,354; bal., surplus for year, $175,394. In 1896-97, gross,
$8,791,436; net, .$2,387,231; other income, $450,400. In 1895-96,
gross, $9,047,131; net, $2,353,123..— (V. 68, p. 325, 428.)
Piedmont & Cumberland Ry.—Road from W.V. C. Junction, W.
Va., to Cumberland, Md., 29 miles. In February, 1891, the road was
leased to the West Virginia Cent. & Pittsb. Ry. tUl Aug. 1, 1911, for 37
per cent of gross earns. Penn. RR. Co. on Deo. 31, 1897, owned
$200,000 of the $650,000 Stock— par $50— and also $100,000 bonds.
First dlv., 5 p. c, paid in Mai ch, 1894; in 1895, March, 6 p. c; in
1896, Feb., 6 p. c; in 1897, Mar., 5 p. c; in 1898, 4 p. c; iu 899, April,
2 p. c. For year 189,5-96 profit to lessee, $10,633; in 1896-97. $5,159.
Pine Creek Ry.—Owns Stokesdale Junction, on the Fall Brook
Road, to Newberry Junction, Pa., 75 miles. Organization.— N. Y.
Central controls the capital stock and leases the road for 999 years,
from May 1, 1899, for $35,000 per annum, payal)le quarterly, bond
Interest and taxes.— V. 68, p. 379,573,773, 872. The 1st mortgage is
guaranteed by the Readmg and the New York Central, jointly and
severally. See form of guaranty, V. 56, p. 650. Stock, $1,000,000
(par. $50), of which Julyl, 1896, N. Y. Central owned $999,000.— V. 68,
Pittsburg BeMsemer
in
800,000
1,000,000
1,000,000
1,000,000
930,000
1,000,000
50
29
75
,
let
^^'^*^°
Where Payable, and by
i'*""
OiftSandfnc'^"*"
uuisianiung
^.^^^
Payable
Whom.
tiocs, $648,007; bal. def., $728,370. Chairman of the Board, Col. S. B.
Dick, Meadville, Pa. (V. 66, p. 428; V. 68, p. 525, 928, 1133.)
PIttMbura; Cliartleru & VouirIiloK''ny Ry.— Owns from CharBeechmont, 16 m. trackage (Chartiers Ry.), 1 m. 17 miles In
aU. Stock authorized, $1,000,000; par, $50; outstanding, $700,000,
owned jointly ay guarantors mentioned below. Dividends— In 1895
4 per cent; in 1896, 11 percent; iu 1897, none; in 1898, Feb. 15,4
per cent. Of the 4 per cents issued, or to be issued, one-half are to be
endorsed with the guaranty of the Pittsburg Cincinnati Chicago & St.
Louis, the other half with the guaranty of the Pittsburg & Lake Erie.
See guaranty, V. 56, p. 650. In year ending Dec. 31, 1897, gross,
$159,774; net, $69,873. In 1896 gross, $197,849 net $101,354.
Pittsburg Cincinnati Cliicago & St. Loulct Ry.— C5e« Map.)
The system, clearly seen on adjoining map, includes
Miles. Lines leas'di^See these co's.) MUes.
Lines owned.
Pitt8burg,Pa., to Chlcago.Ill. 504 ^[Chartiers
23
192
Rendcomb Jc. to Anoka Jc... 166 ULittle Miami
Bradford Jc. to Indianapolis. 104 Cincinnati Street Con. Ry...
3
Indianapolis to Jefi'ersonville 108 Pitts. Wheeling & Ky
28
2
Branches
208 Eng. Connecting Ry. in Chic.
Other lines
5
Total owned
1,090
Leased jointly with T. H. <£ I.
Trackage—
158
ITSt. Louis Vandalla & T. H.
Indianapolis to Kokomo
55
Total of aU Jan. 1, 1899. ..1,561
Louisville Bridge, etc
5
Organization, &c.—Formed in 1890 by consolidation (per terms in V.
50, p. 875) of Chicago St. Louis & Pittsburg, Jettersonville Madison A
Indianapolis, Cinctniiati & Richmond and Pittsburg Cin. & St. L. Controlled by Pennsylvania Co. and Pa. RR. Co. through ownership of stock.
Capital Stock.—The stock authorized is: Common, $45,000,000;
preferred, $30,000,000; par, $100. OutstandingMay 31, 1899. common,
$24,595,727; preferred, $22,686,110. Stock listed to June 11, 1899,
tiers to
;
;
;
—
.
common, $24,387,100;
The preferred stock
preferred, $22,649,200. Suit V. 68, p. 3 81.
" non-cumulative and entitled to a dividend
of 4 per cent per annum out of the net earnings as declared by the
Board, with the rii^ht after 3 per cent has been declared on the
common to an additional 1 per cent, making 5 per cent in all."
After 5 per cent on both common and preferred, tlie two share pro rata.
is
Dividends.— ) 1891.
1899.
1892-93. 1894. 1895. 1896. '97-'98.
Mar.,lifl
2
2
Stock of Old Companies unexchanged May 31 1899 Pittsb. Cln
<k St. L. common, $29,350, Chic. St. Louis & Pittsb., common, $450,717, and preferred, $8,553; Steubenville <fe Indiana, common, $85,445,
and preferred, $2,950; Jeff. M. & I. $5,400.
Bonds.—The consolidated mortgage for $75,000,000 (Farmers' Loan
& Trustee, of N.Y. and W. N. Jackson, trustees,) covers the entire property. Sutlioient 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 etc. They are
guaranteed unconditionally as to principal and interest by the Pennsylvania Company, in accordance with the vote of its Board of Directors, and are so endorsed. The four series are all equally secured. See
adv. Chronicle May 21, 1892, and guaranty, V. 56, p. 604.
General Finances.— Series "D" bonds for $4,863,000 had been
Usted on N. Y. Stock Exchamte to April, 1899.— V. 63, p. 1064.
In Juno, 1899, $8,200,000 cou.sol. 3 las were sola to Kulin, Loeb &
Co. and Spever it (;o., to be issued to refund maturing bonus, including $6,863,000 Pitts. Cin. &St. Louis Isteonsol. 7s, due Aug. 1, IdOO,
and $1,400,000 Indianapolis & Vinceniies 2d 6s, due May I. 1900.— V.
68, p. 1077. (For terms of exchange ottered Pittsburg V. & St. L. 78
In June, 1899, see V. 68, p. 1183.)
On
pref p.
.
c—
5
3
4 yearly.
,
Latest Earnings.- For 6 months ending June
:
30:
Balance,
Charges.
$1,557,739 sur. $300,300
$1,858,039
1899
$8,116,260
l,693,512def. 42,678
1.650,834
1898
7,539,281
Anndal Report.— Report for 1898 In full iu V. 68, p. 616,621.
1896.
1897.
1898.
Tear ending Dec. 31.
1,151
1,151
Miles operated (system proper)
^•i^„„„
OroBseamings
........$16,236,979 $15,144,484 $14,370,362
10, 588,979
10,284,895
11,592,890
Operating expenses
6 months.
Gross.
Net.
Neteamings
Miscellaneous
Total net earnings
Interest on bonds
Rentalslpaid
Car trusts (Including Interest)
St. L. V. AT. II. t>^ of loss
Miscellaneous
Dividends on preferred
Balance, surplus
$4,644,089
46,702
$4,859,589
25,171
$3,781,383
68,667
$4,690,791
$4,H<H4,700
2,847,.520
2,503,252
119.811
34.052
117,271
•793,404
$3.8.50,0.50
2,.507,977
119,854
32,816
13,451
•871,144
(1»«%) 340,243
$825,763
$1,316,069
Includes expenses In elevating tracks at Chicago, etc.
-(V. 67, p. 737; V. 68, p. 381, 61 .5, 6*1, 1077, 11^3.)
*
119,812
34,159
197,738
561,215
None.
$429,150
iltt
INVESTORS'
SDPPLEME]ST.
[Vol.
LXIX
July,
18J.9
RAILROAD STOCKS AND BONDS.
|
117
Bom/»-Prln(lINTEREST OR DIVIDENDS.
pal.WhenDLc.
Amo\int
of
Rate per When Where Payable, and by StOClC»—LSk6t
of
Par
For explanation of column headlnRs, &o., see noted
Cent.
Road. Bonds Value. Outstanding
Payable
on tlrst page of tables.
Whom.
Dividend.
RAILROADS.
Miles
Date
Size, or
|
Pittsburg Cin. Chic,
dt St.
Con. M.. $75,000,000,
(end.)
L.—(Con.j—
jioUl.
guar. p.Al.
by Pennsylvania Company...
" A,"p.o'
1
r*B."g.o«
I
f
<
" C." g.o* 1,090
1,000
1,000
1,000
1,000
189.^
I
J 1899
77 1882
....
1895
it Toledo— latJ<l.,gol6.,lnl. guar. B.&O..
c*
l8t consol. M., $4,000,000, gold, int., guar
Pittsb.Ft. Waiftiece O.—Ueu. stk., 7 p. c. guar. Pa. KR.
Pittsb. Cleve.
470
470
468
468
468
Guaranteed special imp. stock, 7 p. c. guar, by end
let mortgage, series A to F ( Sink, fund, cumula- ^
serie^UtoM) tlve, not drawn. o*
do
2d
3d mortgage
Pittsburg Junction— Stock, common
Preferred ($480,000),? per cent, cumulative
o"
1st mortgage, $1,040,000 gold
o*
2d mortgage, for $500,000, gold
guaj.
1...
gold,
&
1st
M.,
p.
Jfltt.s. June. Terminal
Equipment lease warrants, July 1, 1898
Pittsburg dt Lake Erie— Stock
o
mortgage, gold
o
2d mortgage, gold, Series A. & B
Pittsburg McK. <t louo/i.— Stock guar., see text
let mortgage, guar, ny P. & L. E. and L. 8. & M. S.o
2d M., gu. piAi. (end.) by P. &L. E. and L. S. &M. S.o
McKeesport A Belle Vernon, Ist M., gold, assumed
PUU. Ohio Tal. <£ OiJi.— Ist M. gold, s. f. not dm.o*
Pittsb. Pamesville <e Fairport— 1st M., gold, int. gu.o*
Terminal mort., interest guar, by Pittsb. & West.
Pittsburg Shenango <t L. £.— See PiTTsuuRG Bksse
Pittsburg Virginia d Charleston— Stock ($(5,000,000)
CiP o"
Cons. M., g., s. f., not dr'n, series A
Pittsburg •£ Tre«/er>j— Rec'rs ctfs. July 1, 1898
Ist m., ext. in gold, Pittsburg Newcastle & L. E..
7
....
1 St
1871
1862 500 &o.
1862 500 &o.
1862 500 &0.
50
50
1882
1,000
1894
1,000
1898
"71
71
1878
1889
1884
1882
1884
1888
1890
1886
1889
57
57
28
15
63
....
100
100
....
!"!
....
50
1,000
1,000
MER & Lake
Akron,
O.,
Sc
1878 100 &c.
ToledoKR.—
77 miles.
;
&
Pittfiburg Fort Wayne & Cliicaao Ry.—(See MapPenn. RR.)—
Road.— Owns from Pittsburg, Pa., to (Jhicago, 111., and br., 470 miles.
Double track, 271 miles, of which part was buUt in 1893.
Le.\8E, Ac— Foreclosed Oct. 24, 1861, and reorganized. From July
rental pays in1, 1869, leased in perpetuity to the Penn. RR.;
terest, sinking fund of debt and 7 per cent on stock. The lessee keeps
road in repair and pay s taxes and exiieuses.
Capital Stock.—The special Improvement stock Is Issued to Pennsylvania RR. for improvements, Ac, under article 16 of lease, which
provides that the les.sor may issue special bonds or stock. See V. 50, p.
139, and wording of endorsement in V. 56, d. 774. The special stock
Is In all respects subject to the general or prior stock and "to the
rights or 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." Since Jan. 1, 1891, guaranteed special stock has
been issued for betterments; in 1892, $2,107,820; in 1893, $1,916,2.53;
In 1894, $1,916,200; in 1897 (July), $283,691; in 1898, $335,300.
Bonds.—The first mortgage Is in series of $875,000 each and second
mortgage of $860,000. Of the above 1st mortgage bonds, $3,499,582
and of the second mortgage $3,815,482, and $2,7e0,858 cash, were held
In the sinking funds Jan. 1, 1899.
Avsoal Report.— Report for year ending Dec. 31, 1898, was in V.
69. p. 127, showing loss to lessee, $409,584 loss in 1897, $229,911
loss in 1896, $587,097.-V. 69, p. 1SJ7.
PittMbnrg .Function
Owns 6 9)0 mUes of tracks at Pittsburg, Penn., connecting the Baltimore A Ohio and the Pitt.sburg
A Western, which companies in 1882 agreed to pay the Pittsburg
Junction $2 for each car passing over its road, but charge reduced to
f 1'50 per car when the company's gro.ss eaiuiugi amount to $270,000
and to $1 per car when gross reaches $300,000 in any one year. See Baltimore A Ohio statement for terms offered this company's securities
In reorganization of 1898. See V. 67, p. 688, 788, 954, 1054.
Report for 1897-98 was lu V. 67, p. 1158, showing Gross, $392,401;
net, $207,711; int. and taxes, $125,899; sur, .$81,811. lu 1896-7, gross,
$352,769; net, $208,990. Dividends of 7 per cent are paid on preferred; on common in 1895,4 p. c; in 1896, 3^2 p. c.: in 1897,3; in
18y8, 3 p. c; in 1899, March, 2 p.
(V. 67, p. 1056, 115 8.)
PlttMburu dc Lake Krie
Owns from Pittsburg, Pa., to
Youngsco wn, O., 68 miles; branch lines to Newcastle, Pa., 3 miles total
owned, 71 miles (of which 66 double track); lea.ses Pitts. McKeesport A
Yough. (which see), 103 miles: Mahoning State Liue RR., 3 miles, and
Beaver A EUwood RR., 3 miles; total operated, laO miles. Owns
$139,850 stock of Pitts. Chartiers A Yough. P. A L. E. is operated in
Interest of L. 8. A Mich. 80., which owns $2,675,696 of stock. Real
estate mort. Dec. 31, 1898, $135,000.
'98.
Dividends.- < 1884-'91. '92. '91. '94. '95. '96.
'97.
Per cent. \ 6 yearly.
8
10
10
10
10
10
10
;
RR.—
:
c—
RR.—
;
An.vual Report.— For year ending Dec. 31, 1898, gross, $5,071,376:
net, $1,382,391; other Income, .$27,220; interest, $220,000; rental,
$469,8'.i8; other, $10,433; dividend (10 p. c), $400,000; bal., surplus,
$309,280. In 1397, gros.^, .$4,666,686.— (V. 66, p. 708.)
PlttNbnre ITIcKeesport
Ac
Vontililoeheny
RR.—Owns
from
Haven, Pa., 57 m.; .McKeHsport to Fayette (.'ity. Pa., 31 in.;
branches, 13 m.; leases 2 m.; total, 103 m., of which31 m. double track.
Lease.- Leased to Pittsburg A Lake Erie RR. for 999 years. Rental
ii 6 per cent on the stock, principal and Interest of the Pittsburg McK.
A Yough. bonrls being guaranteed t)y Pittsburg A Lake Erie and Lake
Shore A.Michigan Houthem 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 accejit par for the same on Julv
See wording of guaranty In V. 56, p. 774. Stock authorlze(l,
1, 1934.
$4,000,000 tlrst mtgo. bonds authorized. $2,2,'>0,000 '2d nitge. liomls
authorized, $1,750,000.
Profit to losi^ee In 189"i, $1,620. of which
one-half was payable to the Lake Shore A Michigan Southern.
Owns road Bell°
PUtNburc Ohio Valley Ac Cincinnati
aire, O., to Powhatan, O., 15 miles. (Operated for cost by Pt>nn-«ylvanla
Company in connection with Cleveland A Pittsburg siuc(^ Dec. 1, 1892.
;
:
RR.—
t
Various
7
7
7
7
N. Y., Winslow, L.
do
do
do
do
J.
Various
A.
6
1,440,000
300,000
500,000
632,000
4,000,000 10
2,000,000
2,000,000
3,770,900
3,431,000
l,0S2,80O
219,000
30
J.
g.
g.
g.
5
5
&
A
A
J.
J.
Apr.
Nov.
Nov.
1949
Oct.
Aug.
O.
A Co,
do
do
do
do
1, 1940
1, 194-,^
1, 1942
1, 1945
Oct.
A.
1,
1.
July,'99,
1922
1945
Hj%
jjuly,'99,l%%
July 1, 1912
July 1, 1912
July 1. 1912
I
I
I
1,4(50,000 3 in 1898 M. A 9.
480,000
7
October
50
1,000
7
5,160.000
2,000,000
2,250,000
900,000
600.000
290,000
1,000,000
250,000
....
&
4 Ma g. F.
5,2r>0,000
3.95<),650
1895
Pitts, to N.
5,8H;{,000
50
77
77
4««g. A.
4>a g. A.
8,200,000
2,400,000
Pledged.
19,714,286
19.496,300
1,000
1,000
1,000
1,000
1,000
1,000
Erie.
From Newca.stle Junction,
Stock, $3,000,000 (par $50), of which Bait.
A Ohio RR. owns $1,505,000. Leased in July, 1884, for 99 years to
Pittsburg A Western. V. 39, p. 607. Description of mortgage, etc.
Interest on the 1st oonsol. mortgage
p. 7 Sui'i'LEMENT of April, 1896.)
413S is guaranteed by endorsement by the Pittsburg A Western ana the
Baltimore A Ohio mortgage trustee is Mercantile Trust Co., N. Y.
In Nov., 1898, was to loan $500,000 to Pitts. A West.— (V. 67, p. 1111.)
E.VRNI.SGS.— Year 1897-98, gross, $1,018,302; net,$337,615; intere.'st,
lu
taxes, etc., $289,011; balance, si-rplus, due lessor, $48,601.
1896-97, gross, $755,231; not. $259,976; in 1899, Jan. 1 to July 7,
gross, (6^4 mos.), $467,254; $540,498 in 1897. (V. 67, p. 1107, 1111).
Eastern KIl.— In October, 1897, completol and
Pittttburg
opened from Mehatl'ey, Pa., on Beech Creek RR., to Fuller Run, 11
miles, and in Jan., 1899, it was reported that construction was about
to be pushed from Fuller Run to West Newton, making a total of 140
miles. The road is proiected to enter Pittsburg over the Pittsburg
McKeesport A Youghiogheny RR., total about 150 miles. Capital
stock authorized is $5,000,000; par $50. Road was being built with
President, C. C.
cash, from stock, which is beins; issued as required.
Watt; Treas., L. V. Biggs; Land Title Building, Phila. (V. 61, p. 153.)
Plttubars Cleveland
Pa., to
A O. N.Y., Fanners' L'n ATr.
& O.
do
do
M.
& N.
do
do
4'a g.
i K- M. & N.
do
do
3i«g. See text
do
do
« g. A. & O. N. Y., Cent. Trust Co.
1890 $1,000 $10,000,000
10,000,000
1892 1,000
2.000,000
V1892 1,000
" D,"g.c*
l-E.-g.o*
I
2%
7%
Mar.l. '99.
Oct., -OS,
N.Y.,N.City
J.
J.
Bk.A Pitts, July
do
do
1,
1.
Julv
1922
1922
A. A O.
Pittsburg.
Oct. 1, 1907
Quar'ly.
Or. to Apr.,'08
in '98 F. A A. Pittsburg, Co.'s Office. Feb. 1,-99, 5%
do
do
J. A J.
Jan. 1, 1928
t'g- A. A O. N. Y., Security A Tr. Co. Jan. 1. 1928
6
J. A J. N. Y., Union Trust Co. July, '09. 3%
A
A
A
A. A
J. A
i«- J. A
1898, M. A
6
6
6
5
5 in
J.
J.
J.
41^ g. A.
5A6
4
g.
J.
&
A
do
do
J.
do
do
J.
J. Pittsb'g, Fidelity Tr.Co.
O. Phila., Broad St. Sta
J. N. Y., MercantlleTr. Co.
J.
do
do
N.
Philadelphia
do
O.
Office,
do
D. Allegheny,Pa.,lstN.Bk.
1, 1932
1, 1934
1, 1918
1. 1920
1, 1916
July
July
July
Oct.
July
July, 1916
May
1.'99,
2»fl
Apr.
1,
1925
June
1,
1918
Stock, authorized, $1,.500,000; outstanding, ,$290,000: par. $.50. Trustee of mortgage (for $1,500,000), Fidelity Ins., etc., Co. of Phila. Year
ending Deo. 31, 1897, gross, $3,738; def. under opcr. exp., $5,509.
Pittsburg Palnesville Ac Fairport
Owns Fairport, O.
to Youngstown, etc., O., 53 miles. Operated at cost by Pittsburg A West
ern, but interest of bonds is guarauteed. See description of inortgatre
etc., p. 7, Sdpplement of April, 1896.
In July, lfc99, a protective
committee was formed asking for deposit of bonds with Mercantile
Trust Ho. Over a majority was represented to start with. V. 69, p.
181. Coinmon stock, $800,000; preferred, $250,000 (par, $100), of
which iu 1892 the Pittsburg A Western purchased all the common and
$160,000 preferred. For year endlnjt June 30, 1898, gross, $397,219;
net,$l24,435; int., taxes, etc., $100,351; balance, surplus, $24,084. In
1896-97, gross, $349,^12; net, $66,588. In 189ri-96, gro.^s, .$377,296.
In 1899, Jan. 1 to July 7 (6^4 months), gross, $197,339; In 1398, $178,544. (V. 67. p. 1107; V. 69, p. 181.)
Pitt)!*. Slienango Ac Lake Eric.— See Pitts. Bessemer &L. Erie.
RR.—
Pittsburs Virginia
Ac
Cliarleston
Ry.— From South Pittsburg,
Pa., to Brownsville, Ac. Pa., 77 miles. In July, 189.^, extension from
Brownsville to Fairmont and Clarksburg, W. Va., reported proposed.
Organization.— Operated by PennsylvaniaRR., which owned Jan. 1,
1899, $3,382,000 stock, and all the consols, and pays net earnings
as rental, the consols, being pledged under "coll. trust of 1883."
Dividends.— ? 1892. 1893. 1894. 1895. 1896. 1897. 1898. 189f.
fer cent...
May,2i2
5
Earnings.— Year ending Deo. 31, 1898, gross, .$1,814,314; net, $767,450; other income, $7,4 64; fixed charges, $451,760; dividends (5 p. o.>
Pittsburg
Western 'R,j.—(See Map of Ball, dt Ohio.)—Road—
Lines owned in fee
Miles.
Elwood Shoii, Lino
Allegheny, Pa. to N Sewickly 46
N. Sewickley to Rook Point.
3
Rock Point, Pa. to New Castle 1
Leased and controlled—
Milts.
Frisco to Crowthers
6 Pitts. Clove. A Toledo U
77
13 Pitts. Painesvllle A Fairport T[. 53
Gallery J unc to B utjer
3-ft. gauge lines to Jewett,etc.l34
(Double track
Total (II see this CO.)
23)
343
Organization, Etc.— In Feb., 1891, the Baltimore A Ohio bought
$6,515,000 common stock. (V. 65, p. 983; V. 55, p. 237.)
Receivership.— On March 2. 1896, P»re.sident Thomas M. Kii^ was
appointed receiver. Receiver's certificates (Ist series) for $500,000 s
subject to lien of first mort. 4s for $10,000,000. A second series of certificates for .$400,000 were authorized in July, 1897, and made a lien
prior to the firsts. V. 65, p. 70. The payment of these $400,000 was
extended to July 1, 1000, with privilege of paying them off alter Jan.
3, 1900. V. 69. p. 181. In Nov., 1898, permission was obtained to borrow $500,000 from the Pllt^. ( leve. A Tol. Ry. on 6 per cent certificates, proceeds to be applied for improvements and extensions. V.
67, p. 1111. In June, 1898, the EUwood Short Line was ptirchased.
V. 66, p. 1090, 1190.
2nd Morp. C0.MMITTTEE.—Id 1898 the Lake Erie A Western purchased a larse block of Pitts. A West. 2iids, including the $2,000,000
bonds de)>osited, the latter (V. 68, p. 719) at a price netting; cortiicate holders 72i2. but in July. 1899, the L. K. A W. sold its holdings
to the B.&O., which also held additional bonds.— V. 67, p 789,843;
V. 68, p 282; V. 69, p. 132.
l8T4soKl887. As reorganization was expected, J. P.Morgan A
Co. in Dec, 1898, requested deposits under au agreement giving the
firm power to dispose of tho bonds or deliver them under a reorganizan plan, for par and interest, or, at the holder's option, for the nnw
.securities to be otTered umlerthe plau. (V. 67, p. 1264.) In Jan., 1899,
more than a majority had been deposited. V. 68, p. 188. Pkekkhued
Sroi'K ('()MMiTri:i; — \. Foster Ilig^ins. John Ilarsen Rhoades and
Charlei W. Baker; Kiii<-ker loi-ter Trust Co., depositary. Iu Jiil.v,
1899, a large majority had been <lci)ositeil. V.68, p. 1227; V. 09, p. 132.
Stock.—Common, $8,.500,0()0 preferreil, $5,000,000, 5"Gnon-oum.;
par, $.50. Bait. A Ohio owned June 30, 1898, $6,515,000 coin, stock.
Bonds.- For abstract of first mortgage (trustee. Mercantile Trust
Company) see V. 45, p. 439. Second mortgage for.$3, 500, 000 is a first
lien on tenninale at Yountfstown, O. Of the $3,500,000 seconds given
as outstanding, $1,360,000 unsold June 30, 1898. It Is understood are
pledged for loans. See mortgages, etc., p. 7 Sup't. of April. 1896.
Coupons.— Interest on 2d mortgage 5s duo May 1, 1896, was not
paid. First (consol.) 4s, interest due July 1, 1899, was paid.
General Finances.— On June 30, 1898, there were real estat« mtges.
curnnt liabilities, $1,024,702.
$311,375; bills payable, $1,1) 17,019
Contra: Advances to subsidiary roads, .$i.,l'>77,900 niatcrliils, etc.. on
hand, ,$117,319; current assets. $l,2.")3,09(i. Interest Is ttuarunt«<ed on
$1. '2.50,000 Pitts. Painesvllle A Fairport bonds. Oar trusts June 3(», 1898,
$992,755, Including Interest; receiver's cerfillcates, $472,800 lieiirlng
(5 per cent Interest, and $61O.O0o bearlng5 iierceiit; total. $1.08i,800.
Asto $500,00() ad(litlonal certitli;'s authorlz(Ml in Nov., '98, see above.
Earninos.-H months, 5 189H-8
Gross, .$2,95,5,372; not,
Gross, 2,889,906; net,
July 1 to May 31.
/ 1897 8
>
REPOKT.—Flscal year ends Juno 30. Report for 1897 9S w
»
In V. 67, p. 1052, showing earnings as follows. Iiielniling lea
Int. dtlnxrs.
Nil.
dross.
lo Jutie'M
$9(5't,ll5 $l,Oii7.5U2 d.
1897-08
.$3,221,406
9.-.(J,08 1
1896-97
1,002,370 <l.i$2,768, ,-.07
981,223
915,971 sur. 35,-0;!
1893 90
3,0;»1,3()2
-(V.C8, p. 282, 1227; V. 69, p. 28, 13?, 181)
$5
&
535
55
—
,
.
.
,
i
—
:
;
;
—
o.
118
:
SnbNorlbera
vrlll
,,,,
Miles
For explanation of column headings,
on tlrst page of tables.
&o., see notes
of
(t yVestern— (Concluded)—
Old Pittsburg A; Western 1st mortgage
Ist (eonsol.) mortgage for $10,000,000, gold... .0*
c*
2d mortgage for $3,500,000, gold
Foxbiirg Bridge Co. Ist M., guaranteed by P. &W.
EUwood Short Line, Ist M., gold, gu. by P. & W.
PUtab. Toimgsl. d< Ashlab.— Com. stock, $2,000,000
Preferred stock, $2,000,000
Ashtabula it Pittsb. ist M., Y'ngst'n to Asht.c*«fer
Consol. mort. (for $4,000,000) s. f. 1 p.c, not dr.nPontiac Oxford <£ \orthern— Ist M., g., $100,000.0*
\
45
210
Size, or
of
Par
125
125
62
125
100
cC .V. r.— Ist M., ($225,000) gold
let consol. mortgage, ($75,000) gold
Portland rf i?or/ifs/fr.— Stock, $600,000
Terminal bonds (nomtge.). Int. guar. B. &
M
—
dRumford Falls.— Stoc^i
now Ist, mort., $1,000,000, goUL.OB.c*
64
CoiiPol.,
Plain bonds, .sinking fund, gold, $350,000
c
rental)
Porliand Saco it i'o/7«»iOM</i— Stock (guar, by
Port Heading.— 1st M., g.,guar. by old P.&K....c*<fcr
PorfsHioK/ArfDot'o-— Stock, 6 p.c. guar. East. Mass.
Po/omac rrt/icy— Ist M.$2,000,000,j>-,gu]tIeBao*&r
Pro/fp.PA-.rfC./.— 2dM.nowlst($160,000aretJs)o*&r
o*&r
3d mort., now 2d, gold ($104,000 are 68)
Income bonds, non-cum
c'
Providence tt Sprmg/ield 1st M. gold
Providence <t H orces?er— Stock (lO'por cent rental)
si
20
11
15
10
10
—
l8t M.(refund'g),cur., $l,500,000.)V.63,p.l064.c*
Quten anne's.— Ist M. $12,000 per mile (I)
$. O. <f K. C. Jili.— 1st mort., gold, red. at par...c*
Guar. Tr. ctfs. of dep. for oldl 1st M. non-pref. 58.
QwiHf !/ im. Bridge Co.—Stock, 10 per cent rental.
& Ashtabula
30
51
51
134
134
1897
1,000
1,000
. . >
100
RlC.^Owns Kenwood,
;
Plant System.—This system, so-called because of the large interest
owned in it by the Plant Investment Company, of which a controlling
is held by the estate of tlie late H. B. Plant, under whose will
the executors and trustees have ihe i)ower during the trust (see V. 69,
interest
manage and di.^pose of it at their discretion. Robert G. Erwin
President. It unites Charleston, S. C. with Montgomery, Ala.,
and also with Tampa and other Florida points. The system includes
the following roads, described under their own titles, excepting the
Brunswick <fc Western included with Savannah Florida & Western
Mi'es.
Miles.
247
Savannah Florida & We8ternl,019 Florida Southern
p. 82) to
now
Savannah
Brunswick & Western
159
171
235
66
ife
Alabama Midland
SUver Springs Ocala
&
Gulf.
Sanlord
St.
&
Johns
St.
152
48
Petersburg
& Lake
Eustis
Total
2.097
—V. 69, p. 82.
Pontiac Oxford &NortliernKR.— Operates road from Pontiac,
Mich., to Caseville, Mich., 100 miles. Capital stock is $1,000,000,
all held by the Hale Estate in New York. Bonds for $100,000 are
held in trust until net earnings are $40,000 per annum.
Mortgage
trustee. Mercantile Trust Co., N. Y. In year 1897, gross, $127,3o3;
interest,
special
$18,000;
improvements,
net, $37,625;
$10,910 balance, suriUus, $8,715. In 1896, gross, $118,228; net, $37,192. Dividends: In 1890, 1 p. c; 1891, 3 p. c; 1892, 4 p. c; 1893, 6 p. c; 1894,
4 p. o.; 1895, 31^3 p. c. President, Hugh Porter, N. Y.
;
Port Angeles Eastern KK.— V. 69, p. 82.
Port Arthur Duluth A: Western Ky.—V. 68, p. 1077.
Port Jervls iTIonticello Sc New York RB.—Owns Port Jervis,
N. Y., to Monticello, N. Y., 24 miles, and Huguenot to SummitvlUe, 18
miles. Stock authorized, $500,000; outstanding, $409,100; par, $100.
June 30, 1898, loans and bills payable. $18,445; car trusts $6,150.
In year ending June 30, 1898, gross, $54,575; net, $18,097; charges,
$14,143; balance, surplus, $3,954. In March, 1899, reported sold to
a New Y'ork syndicate.— V 67, p. 275.
Rochester
BK.— Portland,
Portland
Sc
Portland
& Rumford Falls Ry.— Owns
Me., to Rochester, N.
H., 54 miles. Dividends since July, 1886, to July, 1899. inclusive, 6
p. c. per annum. L'nder consolidation wiih the B, & M., Jan. 1, 1900,
the stock.* will he exchanged, share tor share.—V. 69, p. 129.
Rumford
Jet. to
Rum-
ford Falls, 53 miles branch to Otis Falls, 10 miles; trackage (Maine
Central) Rumford to Lewiston, 4 miles; total operated 67 miles.
Stock.- Dtrtde?ida— In 1896, 5 p. c; in 1897, 4 p. c; in 1898, Mar15, 1 p. c; June 15, 1 p. c; Sept. 15, 1 p. c; Dec. 1, 1 p. c; in 1899.
March, 1 p. c; June, 1 p. c.
Bonds.—The consol. mortgage of $1,000,000 was Issued for refunding, etc.; it is now a flr.st lien. Sinking hind for consols 23 p. c. of all
consols i.ssued; bonds cannot be called. The plain bonds of 1897 were
issued for floating debt.
Annual Report- Report for 1897-8 was In V. 67, p. 951.
Gross.
Net.
Int., tax., etc.
Tear—
Dividends. Bat.,sur.
1897-98
$299,045 $123,978
$66,282 (4^ $40,000
$17,696
1896-97
262.624
109,445
52,878 (412) 30,000
26,567
685;
V.
236,
567,
67, p. 951.)
—(V. 65, p.
;
RR.—
Ac Portsmouth
Portland, Me., to PortsLeased to Boston & Maine at 6 per cent on
with
consolidation
B.
M.,
&
Jan. 1, 1900, the stocks will
BtO( k. L'nder
be exchanged, share for share. —V. 69, p. 129.
Owns 20 m. of road, completed in Sept. 1892,
Port Reading
from Bound Brook, N. J., to Staten Island Sound, where extensive
Capital stock authorized $2,000,000—
terminals were established.
outatandlng, $1,565,000, par $100, all owned by Reading Company.
$1,555,000 being depo.sited under its general mortgage of 1897. " Otner
Portland Saco
mouth, N. H., 51 miles.
RR.—
indebtedness," $247,481 July 1,189.5. For year ending June 30, 1898,
gross, $395,811 net, including other Income, $174,406; total deducflons. $87,782 balauce, surplus, .$86,624.— (V. 55, p. 544. 639. 680.)
Portsmouth, N. H., to Dover, N. H.,
Portsmouth Jk Dover
11 miles. Opened Feb. 1, 1874, and leased for fifty years to Eastern
New Hampshire at 6 per cent per annum on the stock, rental guaran;
;
RR.—
Bonrf,<j— Prtnol •
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and by
Payable
Cent.
(?)
;
Charleston
Tables.
pal, When Due.
Stocks— li&Bt
Dividend.
WTiom.
A. & O. N. Y., J. P. Morgan & Co.
1880 500 &0.
$81,000
6
9,700,000
"lo
1887 $1,000
do
4 g. J. & J.
1891
3,500,000
1,000
5 g. M. & N. Nov., '95, coup, last pd.
• «
100,000
1882
6
M. <fe 8. N. Y., Union Trust Co.
300,000
1890
1,000
New York City.
5 g. F. & A,
50
1,333,342 See text. M. «fe 8, N. Y., Farm. L. & Tr. Co.
50
1,700,000 7 in 1898 M. & S. N. Y., Far. L. <fc Tr. Co.
1878
1,000
1,500,000
6
F. & A, Phlla., Fidelity Tr. Co.
1.000
1,562,000
1887
5
M. <fe N. N. Y., Farm. L. & Tr. Co.
1896
1,000
300,000
6 g. J. & .1, N. Y. Merc')e Trust Co.
1894 100 &0.
225,000
4 lag. J. & D. N. Y., Cent. Trust Co.
None 1898.
1896
J. & D,
100
592,070
I'- J. 15-J,
500
113,500
1892
4
A. & O, Bost, Hide & L.Nat. Bk.
100
1,000,000 4 in "98
Q.-M.
Portland. Me.
1.000
1896
1,000,000
M. & N. Boston, Old Colony Tr.
350,000
1897 500 &c.
F. <fe A. Boston and Portland.
100
1,500,000
J. & J, Boston. Treasur. Office.
1,000
1891
Philadelphia.
1,500,000
5g. J. & J.
100
769,000
6
J. & J. Treas. B. & M., Boston.
1891
1,000
1,100,000
5 g. J. & J. Baltimore, HlUeu St'n,
1886
1,000
500,000 4^2 & 6 F & A. N.Y., U. S. M. &Tr. Co.
1,000
do
1891
200,000 4i2&6g. M. & S
do
250,000
1892
1,000
750,000
5g. J. & J. Provid'oe, Globe N. Bk,
100
Q.-M.
Providence, Office.
3,500,000
10
1897
1,000
1,500,000
4
A. & O. Prov., R.I. Hosp. Tr. Co,
Pa., to Ashtabula Harbor, O., 99 miles NUes to Alliance Junction, O.,
25 miles Canlleld Br.anch, 1 mile trackage, 3 miles. Total, 128 miles.
Organization.—Leased August 1, 1887, to Pennsylvania Company, wnlch Jan. 1, 1899, owned $375,000 common and $1,550,000 preferred stock; rental net earnings. Lease terminable at either's option
DIVIDENDS. )1890. 1891. 1892 to 1895. 1896.1897.1898. 1899.
6ia
3
6 yearly.
6
6
Mar.,3
Common, o. ct. 5 2"^
On preferred, 1888 to Apr., 1899, 7 per cent yearly (M. & S.)
Bonds.— Bonds of 1887 (trustee, Farmers' Loan & Trust Co.) are reserved to retire divisional bonds. A sinking fund of 1 per cent purchases bonds of 1887 at par, if offered.
In year ending Dec. 31, 189-', gross, $1,448,136; net, $449,766; int.,
$168,100; other charges, $240,345.- (V. 63, p. 26.)
;
Amount
Outstanding
tliese
1900
1917
May
1941
Sept.
1902
Aug., 1920
Mch. 25,'99,3
Oct. 15,
July
•
3
Pt. Jerris Monticello
Pittsburg Voungstowu
<
Date
^^
Road. Bonds' Value.
Piltsburfj
18
[Vol. LXIX.
confer a great favor by givlus immediate notice of any error discovered in
RAILROADS.
Portland
SUi'rLEMEJNT.
JJSVEISTOKJS*
250,000
1,446,000
1,750,000
& D
& J
"e'g.
J.
2-4
M.12&8
10
J.
1,
1,
1,
Mch.25,'99,3ia
Aug.
Nov.
July
1908
1927
1916
June
1944
1916
1,
1,
1,
1,
July, '99, 3%
Oct. 1, 1907
June,
Nov.
1%
'99,
2, 1926
1. 1927
Aug.
July 15,'99,3%
Jan. 1, 1941
July, '99,
Jan.
Feb.
Mch.
May
July
1,
1,
1,
1,
1.
3%
1941
1926
1931
1920
1922
J'ne 30,'99,2i3
Oct.
N.Y., Oilman, Son & Co,
N.Y., checks mailed.
1,
Sept. 12,
1947
1900
See text.
July 1, '99. 5%
Boston.
teed by the Eastern RR. of Mass. Lease assumed by Boston & Maine.
Under the consolidation with the B. & M., to take effect Jan., 1900,
each 13 shares will receive 10 shares of B.
& M.
stock.- V. 69,
p. 129.
Potomac Valley RB.— Opened in Sept, 1892, Potomac Valley
June, Md., to Cherry Ron, W. Va., on the B. & O., 14 miles, and
from Porters, Pa., to York, Pa., 17 miles; total, 31 miles. Capital
stock, $500,000 ($50 shares). Leased to Western Marylana, the bonds
of 1941 having principal and interest guaranteed, jointly and severally, by the Western Maryland RR. Co. and the Baltimore & Harrisburg
Ry. Co., and being soeudorsed. The bonds havea sinking fund of 7-10
of one per cent. Earnings for year ending Sept. 30, 1897 Gross, $146,379; net, $79,729. In 1895-6, net, $91,851. (V. 52, p. 121; V. 66, p. 130.)
:
&
BR.—
Prospect Park
Owns from 9th Ave. and
Coney Island
20th Street, Brooklyn, to Coney Island, etc., 5'68 miles; leases to
Coney Island Point, etc., 397 miles. Stock is $250,000 par, $100.
History. The Long Island RR. acquired controlling interest in stock
in 1893, and in consideration of a guaranty by that couipany, annual
interest on the greater part of P. P. & C. I.'s bonded debt was reduced
fi-om 6 and 7 per cent to 4,^ per cent. See V. 56, p. 42 V. 62, p. 187.
On June 30. 1898, there were $353,500 loans and bUls payable. The
Brooklyn Rapid Transit Co. took possession June 17, 1899, under a
lease for 999 years, and will equip the road electrically. V. 68, p. 1224.
Mortgages on real estate, 5 p. c, $29,7C6 on June 30, 1898.
Net. Other income. Int., taxes,etc.
Year—
Cross.
Balance.
1897-8
$138,184
$3,057
$26,415
def.$50,497
$79,970
1896-7
131,653
df.2,415
26,155
def.54.337
78,077
;
—
;
— (V. 65, p.
619, 869; V.
66, p. 336, 954; V. 68, p. 669, 1224.)
Providence Sc Springfield RR.— Providence, R. I., to Douglas,
Mass., on the New England main line, 30 mUes. Stock is $517,450 (par,
$100), mostly owned by the N. Y. New H. & Hart. V. 61, p. 1014. Road
leased (terms modified in July, 1896,) to New England RR. till July
See V. 63, p. 30, and New England
1, 1989, at 4 per cent on stock.
RR. report V. 63, p. 698. The bonds were guaranteed by the N. Y. &
New England. In 1893 gross, $1 82,450; net. $28,073.— (V. 63, p. 30.)
&
RR,—
Owns from Providence, R. I., to
Providence Worcester
Worcester, Mass., 44 miles, of which 5 miles are owned jointly with
Boston & Providence; branches, 7 miles; total owned, 51 miles;
From July 1, 1892, leased for 99 years at 10 per cent per annum on the
stock to the N. Y. N. H. & Hartford. The new currency 4 p. c. bonds
(trustee Rhode Island Hospital Trust Co.)— (V. 63, p. 1064,
(luebec Central Ry.—V. 68, p. 1077.
Projected from Baltimore, Md. to Lewes.
Queen Anne's
Del., and Rehoboth Beach on Atlantic Ocean, about 96 miles. Operated from (Jueenstowu to Lewes, 60 mUes. Pennsylvania tracks
used between Lewes and Rehoboth, 6 miles; was to be bonded for
.$12,000 per mile and stock issued at same rate. Ist mortgage bonds,
Dep. Co. of Bait., Trustee, are said to have been isGdn. Trust
sued. President, William H. Bosley, Baltimore Sec, A. H. Taylor.
RR.—
&
;
Quincy Carrollton
Western RR.— Owns Barnett to
Colum52 miles. Successor in Feb., 1899, to the Litchfield Car.
& West RR., sold under foreclosure Nov. 26, 1898 (V. 68, p. 4' ); V.
made northwest
68, p. 233. Extensions, it was said, would be
to Quinoy and southeast to Vandalla. Stock, $500,000. For year
gro-ss,
1896 97 (Old Co.),
$60,012; net, $14,940; taxes and misceL,
$12,875; balance, $2,064. Pres., D. R. Francie; Sec, George A. H.
H.
Treas.,
Ohas.
Hiemens.—
Mills;
(V. 68, p. 40, 233.)
Quincy Omaha Sc Kansas City RR.— West (Quinoy to Trenton,
Mo., 134 miles trackage (C. B. & Q.), to Quincy, 3 nules.
History.— Incorporated June 1, 1897, and acquired, from the bondholders' committee representing the non-preferred bonds, the property
of the old Railway foreclosed, paying therefor $250,000 1st mortgage
68 and $1,500,000 capital stock (which is deposited with the Guaranty
Trust Co. of N. Y.). The new company has leased its road, under the
terms of the reorganization agreement, to the Omaha K. C. & Eastern
until Sept. 12, 1900. with option to purchase— see that company. Tiie
(J. O. & K. C. non-preferred bonds (as evidenced by the receipts of the
Guaranty Trust Co.) are to receive either 70 p. c. in cash or 80 p. c. in
new firsts and 40 p. c. in 2d mortgage incomes of the Omaha K. O. & E.
Earnings.— For years ending June 30:
Net.
Tear—
Cross.
Int., taxes, etc.
Balance.
1896-7
$290,952
$72,646
$127,879
def. $55,233
1895-6
112,111
289,741
24,276
sur. 87,835
—(V. 64, p. 84, 181, 470. 800, 954; V. 65, p. 195; V. 68, p. 773.)
Quincy RR. Bridge Co.— Owns bridge 1'43 miles long over the
Mississippi River at Quincy, III. Leased Jan. 1, 1869, for 100 years to
C. B. & Q., Toledo Wabash & Western (now out of existence) and Hannibal <fe St. Joseph railroads at annual rental of $175,000, which
equals 10 per cent on the stock. In 1898 the Kansas City Pittsburg &
Gulf was said to have acquired a lease from the C. B. & Q.
Augusta Air l^ine BB.— Owns from Raleigh, N. C,
Baleigh
to Hamlet, N. C, 97 miles; Hamlet to Gibson, 10 miles; leases Moncure to Plttsboro, 12 miles total, 119 miles. Controlled by Raleigh &
Gaston, which July 1, 1893, owned $772,200 stock, and so by Seaboard
& Roanoke. Stock is $873,600; par, $100. R. & A. first 68 are enbiana,
&.
III.,
;
&
;
July,
KAILKOAD STOCKS AND BONDS.
1899.J
Sabscribers i^Il confer a great favor by
RAILROADS.
immediate notice of any error discovered In these Tables.
Bonds -PrlnclINTEREST OR DIVIDENDS.
pal, When Due.
Date Size, or
Amount
of
Par
Outstanding Rate per When Where Payalde, and by Slockt— Last
:;lvlu(j:
Miles
For explanation of column headings, &o., see notes
of
on tlrst page of tables.
Road. Bonds Value.
Baleigh d AHffusta—l»t M., guar. p. & 1.. R. & G.o*
Seab. Air Li., 8er. A. B «& C (part issue) car trusts
Baleiah d Oaston—lsit niort., iei.500,000, gold
c
8eab. Air Line Equip., 8er. A, B, C, (part issue)..
Saritan River Ily. —Ist mortgage, goUf
c
107
Reading (£ Columbia— 1st mortgage (e-xtendedj-.c*
2d mortgage, coupon (extended in 188-i)
e
Debentures
c
40
40
1,000
1. 000
1880
1.000
1862 100 Ac.
1864
1,000
1877
1,000
50
....
50
I
'
Old Phila. Sc Road. RK. bonus.
Delaware River Terminal Pur. Money M., gold.o*
Delaware River Term. Ext. Pur. Mon. M., gold.c*
t Bonds and morttriiges on real estate
Old Phlla. A: Koad. KR. BONDS AS80MKD
tlst M., ext. In '60, Philadelphia to Pottsv.
1897
1890-6
1892
1892
BY Phila. & Read
94 1843 $ & A
94 1844-9 1,000
....
1857 500 Ac
148 1868
1.000
254 1871 200 &o.
325 1873
327 1882 500&0.
$&*.c
1
See V. 65, p. 870, g.
g., ext. in 1897.
IConsol. M.of 1882, g., 58, ext. '97 (V. 65, p.278)c"
tTerminal mort. gold. See V. 64, p. 85
o*Ar
....
t Mortgages on real estate
Philadelphia Citv Subway Loan, guar., $3,000,000
....
tP. ArR.Coal Jkl.morts. See list V. 64, p. 619.
....
Coal trust certiflcates, gold. See V. 65, p. 278.
....
ICol. sink. f. gold loan (RR.) rod. atlOi>, ass..c*
....
bonds issukd in re ORGA
Reading:
Gten. M..$135,000,000,g., s.f .not subj.to caU.o*&r. Text.
Note.— General mortgage of 1897 requires th at the
bonds marked » aliove. IT Only *1 6.000 are 3s,
ttmpr't M.,
Company
I
!
1891
1,000
j
1894-8
•72-'84
j
I
;
;
Ra
;
;
authorized.
Control was acquired by Williams syndicate in 1899 and bills were
introduced in the North Carolina Legislature to authorize the company
to ab orb by consolidation the Seaboard vt Roanoke and other compa
Dies composing the Seaboard Air Line.— V. 68, p. 283, 428.
SErtTBiTiES.— Under the reai^justment plan of the Car. Central the
Ral. A Gas. jointly and severally with the Seaboard A Roanoke
guarantees $3,000,000 1st cousol. 48 and fixed charges. V. 67, p. 273.
As to car trust bonds of 1896 see V. 62, p. 684. Of the $1,500,000
gold 5e, $300,000 for extersions, etc., after three years.— V. 64, p. 758.
Dividends.- In 1889, 1890 and 1891, 6; in 1892, 4 p. c; none since.
EA.RNINGS.— In year ending June 30, 1898, gross, $589,1 53; net, $234,038; other income, $54,420; charges (interest $75,000, taxes $15,054,
"other deductions" $142,406), $232,460; balance, surplus, $47,248.
In 1896-7. gross, $567,894 net, $185,615. President, John Skelton
Williams, Richmond, Va.— V. 67, p. 273; V. 68,p. 283.
Rarilan River Railway,— South Amboy to New Brunswick, N.
J.. 12 miles; branches, 4 miles; total, 16 miles.
Connects Penn. RR.
with N. Y. A Long Branch RR Stock, authorized, $1,000,000; issued,
$365,000; par, $100. Year ending Dec. 31. 1898, gro.ss, $64,133; met,
$27,418; intere.'it and taxes, $18,269; surplus, $9,149.— V. 68, p. 573.
Reading
Columbia
Owns from Columbia to Sinking
Springs Pa., 40 miles; branches, 13 miles; operates Marietta Junction to
Chickles, 6 miles; total operated,.59 miles. Stock, $958,373 (par. $50). of
•which $785,000, with the $1,000,000 debentures, are owned by Reading Company and deposited under its general mortgage of 1897. The
road is controlled but accounts kept separate. In year ending Dec.
31, 1898, gross, $273,844; net, .$82,015; charges, $110,458.
;
RR.—
Reading Company— Philadelphia & Reading
tty.—rSee
A Reading
Ry. operates in connection with the
Eeat anthracite coal properties of the Philadelphia A Reading Coal A
on Co. in the Schuylkill region, Pennsylvania, a large system of
roads centering at Philadelphia and extending thence westerly tlirough
the coal fields to Hazelton and Williamsi)ort on the north and Harrlsburg, Shippensburg and Gettysburg, in Pennsylvania, on the south,
also easterly in New Jersey to Atlantic City, the summer resort on the
Atlantic Ocean, and to tidewater at Port Reading on New York Har-
.
Mahanoy
54
42
53
City to Pt. Trev.
New Castle to Mahanoy f[65
Plain, Pa
)
.
.
50
Other lines
—
Leased lines (Con.)
Miles.
439
A Lehigh RR
Phila. Har. A Pitts. RR
456
Phila. A Reading Term. RR.
13
Schuylkill
Total leased
5485
Lines controlled— {See each Co.)
Entire Stock Owned.
A Delaware RR
Chester
A Blooinsbiirg
.MIddlct'n A Huinnielsfn KK.
Rupert
TaiuaquaUazleton AN. KK.
Total (2 tracks 173 miles). 365
Lines leased (See each Co.)
128
Colebrookdale RR
112
Pickering Valley RR
East Pennsylvania
Allcntown KK
Little Schuylkill
KR
RR
Mine mil A Hchuy. Haven..
Mt. Carbon & Pt. Carbon KK.
MUlCreek AMineH. KK....
Schuylkill Valley KK
East Mahanoy Kli
5-4
1'6
6-4
9-9
CONTROI.LKD.
Reading A Columbia KK... 395
Lebanon A other branches 13'8
Read. Marietta* lliiu. KK.
63
3.'>'4
North East Penn. RP..
256
4'5 Phila. A Che.-*t<^r Valley RK. 21 5
31-5 At lantic City KK. A branches,
Hea Coast KK.,eto
458
1591
25 Catasauqua A Fogclsv. RK.. 2!»'5
38 Camden County KK
73
110 (Jettysburg A llarrlsb Ky... 34'1
109
Perkloiiieii
KR
HH-J
Bhainokin Siinbiiry A L. KK. 31-3 Phil. Newiown A N. Y. RR.. 21-7
29-5 Port Reading RK
Phila. Oeniian. A Nor. KR.
197
Chestnut Hill kK
41 Stony Cnek Kli
101
Catawlssa KK
1030 Phil. A Frankford RK
26
0-4 Hloomsburg Belt Line KR. .
Norristown June. RR
04
North Pennsylvania KK
862
4.^28
Delaware A Bound B. RK... 338' Total controlled
system
Total
July, 1898 (2d track 442 miles)
1.366 3
In October, 1x98, aceiulred a controlling Interest In the Wilmington
A North'n, 88 milea. V. 67, p. 843, 1218.
.
.
66>J,000
3,600,000
1,621,000
5,6*7
6
g.
5g.
4
1897 500 Ac, 6'2,5fO,000
Reading Co. and Reading Coal
;
Branches
Reading to Harrlsburg, Pa.
Lebanon to Brookside, Pa...
Rockville to Auburn, Pa
6
6
954,000
4ifl
79,000
2,696,000
5 g.
18,811,000 6 g. &7
4g.
9,364,000
5,673,042
4 g.
8,500,000
5g.
642,905
2,700,000 11 3 ife'si^
1.000
1.000
NIZATION.
& Gaston. On June 1, 1897, floating debt (due
& G. for back interest on old tlr.st preferred stock retired by Ists of
1886) was $436,180; total net current liabilities, $330,755. Jointly
with Raleigh A Gaston and Seaboard A Roanoke issued the car trusts
E.\3NINGS.— Year ending June 30, 1898, gross, $434,522 net, $75,627; other income, $7,688 charges, $70,725; balance, surplus, $12,590. In 1896-7, gross, $452,103 net. $99,357. Pres., John Skelton
Williams, Richmond, Va. (V. 61, p. 751.)
elgh Sc Gaston RR.—Ownsfrom Raleigh to Weldon, N. C, 98
m. and Louisburg branch, 10 m. Controls Raleigh A Augu.sta RR., 107
miles, and has large interest in Durham A Northern RR., Durham to
Henderson, N. C, 42 miles and with Seaboard A Roanoke controls
Carolina Central
also controls Georgia Carolina A Northern and
lotnlly guarantees the bonds. Seaboard A Roanoke owns $742,200 of
the Raleigh A Gaston $1,500,000 stock; par, $100. In Feb., 1899,
con.^olidation of the Geor. Car. A Xor. and Chesterfield A Kershaw w. 8
The system comprises
Lines owned in fee.
Miles.
Philadelphia to Mt. Carbon,
101
Pa. etc. (double tracked)
1,512,700
1894
1892
R.
bor.
g.
5g.
Railway. She Not
.
500 &o.
dorsed by the Raleigh
Ifap.;— The Philadelphia
5
M.
J.
Dividend.
Mero.Tr. AD. Co,
Baltimore.
Balt.Mero.Tr.A Dep.Co.
Jan.
Bait.,
do
do
Phila., Phil.
A Read.
trust for 5 years or
trust for 5 years or
A
A
N.
A
A
A
A
A
A
A
J. Philadelphia
J. Phila., Read.
do
J.
Phila.,
mo
mo
Jan.
1, 1947
Part ye arly.
Jau. 1 1939
Mch. 1 1912
June 1, 1904
Dec. 1, 1917
re.
re.
May 20 1942
Guar. Trust,
do
J.
RR,
do
do
192A
Part ye arly.
do
July
London,
July 1, 1910
July 1, 1910
July ,1910
1,
1942
1,054,501
IMortgageloansof 1844, 1848 and 1849
o
t Mortgage loan of 1857 convertible
c
tMortgage loan of 1868. gold, extended in 1893.
tOonsol. mortgage ($8,162,000 are gold 6s)
c
&
500,000
809,000
1,000
1.000
Whom.
Payable
6
J. & J.
$1,000,000
203,833
5
1,200,000
5 g. J. A J.
228,333
5
J. A D.
300,000
5 g- J. A J.
M. A 8.
650,000
5
5
350,000
J. A D.
J. A D.
1,000,000
6
69,900,000 To be in voting
70,000,000 I'o be in voting
1886 $1,000
16
stock, $70,000,000
1st pf.] l p.c. uou-cum
is
Cent.
•93-'96
Beading Cojunam/— Common
Pref. stock [^23.000,000
119
e.
J.
J.
J.
A.
J.
A.
M.
A
Ter. Bldg,
do
do
London.
June
O. Phila.. Read. Ter. Bldg,
Apr.
do
do
Phila., Prov. Life A Tr.
Mch.
do
O.
D. Phila.,
S.
Q.— F.
do
A
City Treasury.
Various Phila., Penn. Co. for Ins.
do
do
Q.-J.
F. A A. Phila., Read. Ter. Bldg.
A
J. N. Y., J. P.
g.
J.
&
Iron Co.
Oct.
May
1933
19H
1947
1937
1941
1904-1923
1900-1904
Apr. 1. 1904
Feb. 1, 1902
Morgan&Co. Jan.
shall be responsible
1,
1,
1,
1,
1,
for
1.
aU
1997
old
ORQAXizATioN.—ThePliiladelphla& Reading RR. (chartered April
1833) and the P. & R. Coal A Iron Co. were sold in foreclosure Sept.
23, 1896, and reorganized per plan in V. 61, p. 1109.
In the reorganization the 41 millions of old stock and the 56%
millions of old preference income bonds were assessed 20 per cent,
the stock then receiving 100 per cent in new common and the preference incomes, common and preferred stock in certain proportions.
The "Reading Co." in the reorganization of 1896 acquired the stocks,
4.
bonds, real estate, equipment, etc. (as per balance sheet, V. 64, p. 711),
of the old PhUa. A Reading RR. Co.; also $20,000,000 stock and $20,OOO.OOO bonds of the Philadelphia A Reading Ry. and the $8,000,000
stock of the Coal A Iron Co., and against all this property issues Its own
ecurities. SeeV. 64, p. 709.
The property of the Reading Company, as distinguished from the
property of the Phila. A Reading Ry. Co. (which owns the railroad but
no equipment), and of the Coal A Iron Co.. consists of the following
Railway equip, leased to Ry. Co. for 8 p. c. ($1,356,000) y'rly.$16,950,000
Real estate not appurt. to RR. (ann. revenue ab't $175,000). 16,000,000
Colliers and barges leased to Ry. Co. for $115,000 yearly...
1,450,000
Phila. A Reading Ry. stock $20,000,000 and bonds, $20,000,000 par (annual int. to Reading Co., $1,200,000).... 40,000,000
9,000,000
Phila. A Read. Coal A Iron and Reading Iron stock at par.
MisceUaneous securities at par (in 1896 y ielded $765,000). 38,488,246
266,594
Morts. and ground rents at par (not under '96-'97 mort.).
Int. in Phila. A Read'g Coal A Ir. above securities owned.. 68,154,679
3,344,384
Claims against other companies, etc
Total (total est. revenue, $3,628,023
(See V. 64, p. 710) ..$193,613,902
Voting Trust, Etc.—All classes of stock of the new company are to
be held by voting trustees (J. Pierpont Morgan, Frederic P. Olcott and
Henry N."Paul) for five years, and thereafter until 4 per cent cash dividend per annum shall be paid on the first preferred stock for two con-
secutive' years, though the trustees may in their discretion surrender
the stock at an earlier date. As to stock privileges see V. 64. p. 709.
See copy of voting trust agreement V. 64, p. 955, and also ScrpPLE.viENT of April, 1897, page 5.
Bonds.—The New General Mortgage 4s (abstract V. 64, p. 612)
are secured by mortgage and pledge of all properties and securities embraced in the reorganization, and also all other property
acquired thereafter by use of the new bonds. They will have a sinking
fund out of the revenues from the Coal A Iron Company, but are not
subject to compulsory rtdemption prior to maturity. The new mortgage i3 also, subject only to the bonds for which reservation is made,
based upon properties or securities of all the lines of railroad owned,
including the Philadelphia A Reading Railway Company proper,
391 miles; various leasehold lines, 597 miles; all the property of the
Coal A Iron Company, or the securities thereof, renresenting nearly
200,000 acres of coal and timber land: equipment valued at about
$12,000,000, previouslj subject to about $5,000,000 of oar trust obligations [acquired under the i,lan[ and also the marine equipment.
Furthermore, it has a first lien upon a majority of the capital
stock of various companies in the system owning 448 miles of railroad, of which 195 miles are leasehold lines included in the 597
miles above stated, and also on bonds of roads in the system (other
than the P. A R. Ry. Co.) amounting to .$34,265,936 par value. The
securities are said to have earned in 1894-95 an Income of $585,000. of which $448,000 was received as dividends- list In V. 64, p. 613.
The new mortgage is for $135,000,000, was Issuable only as follows
To take up undisturbed bonds of the Reading KR. and
$64,631,000
(^oal A Iron Co
For future construction, equipment, etc., at not over
20,000,000
$1,500,000 per annum under stringent provisions
50,369,000
Issued at once for reorganization purposes
Improvement mortgage 6 p. c. bonds of 1H73 due Oct. 1, 1897, were
extended at 4 p. o. for 50 years from April 1, 1897, payable in U. 8.
gold and guaranteed p. A i. by the Reading Co. V. 64, p. 470; V. 68.
p. 516. The consol 5s of 1882 for $."),673,042 were also extended at 4
p.c. till Mar. 1. 1937. the Reading Co. and Coal A Iron Co. becoming
responsible. See V. 65, p. 870, for contract. V. (>5, p. I.i2, 870.
The terminal mortgage bonds are Reading KR. bonds, and are
secured by a mortgage upon all the property of th(( Terminal Co. and
by a trafllc contract betwet^n Reading and the Terminal <'•>. The truetee Is the Provident Lite A Trust Co. of Phila. Amount authorized,
$8,500,000. See description In V. 61, p. 85 and guaranty \.0O, p. 732.
For ten-year sinking fund loan see January, 1895, HLri-l.KMKNT.
The coal trust certificates umler agreement of May, lsi».">,are nol
redeemable until April, 1904— see V. 63, p. 838 and Jan., 1H95. Si;iT.
As to I'hilnilrlphiu Snhiray Loan the receivers were uuthorl/.oil In
June, \H<) I, to pay Inttrcst (and principal at mat\irlty) of not exctdlng
3I3 p. 0. bends of
.$3.000,»)()() out of a total iSft\lc i.f .$(i,()OO.t»()0 of 3 to
City of Philuili-lpliia. to abolish grade crossings. The amount outstanding win be incrt-ased to this tlgiiro on completion of the subway.
Principal is payable after ten years from date of loan In 20 annual
Instalments. See V. 5H, ji. 1 110; V. 62 n. 9.->0: V. (!3, i). 8H1.
Am to the $64,631.0O<» outslamllng old bonds (see \. Ot. p. OH). IDB
Reading Co. and the Coal A Irun Co. eoveiianl to pay their Interea \
:
when due anil to luiy oreMend their i>rlnclpal at iniiturlty.
Coal PKorKHTiKB.— These aggregate about 194.000 neres. as fi'""*'
Goal Ian. Is owned (acres).. ..95,144 Timber landsowned (acres) '0.48»
I
Goal lands leased (acres)
7,429
|
Iron ore lands (acres)
1\,WV
130
INVESTORS'
SUPi'LEMENT.
LVoL
I
XIX.
JcXY,
RAILROAD STOCKS AND BONDa
1899.1
1*^1
Snbacrlbers will conTer a great favor by sivlns Immediate notice of any error dlwcovered In theae Tables.
RAILROADS.
Date
Miles
Size, or
Amount
of
of
Par
For explanation of oolumn heatlings, Ac, see notes
Road. Bonds Value. Outstanding
on first page of tables.
192
79
Seiisselaer dt Sara.— Stock,8p.0.gu.Del.&Hud.)en(l.)
c'Ar
Ist mortgaire, consoliilutea
RicS.Freti. <e i»o^—8t'k,com. ($1,071, 800 dlv.,oblig.)
Stock, guar. 7 p. o., except $19,300 guar. 6 p. o
Ist mortgage, convertible
coupon bonds due in I^ondon
do
due in U. S
do
do
....
....
100
100
• • • •
,
,
. .
.
•
.
.
General Finances. —Application to N. Y. Stock Exchange to list
general mortgage bonds was given in fuU in V. 64, p. 709. Fixed
cliarges of entire property on completion of reorganization will be
$8,67'2,672. Pendmg completion of refunding schemes, etc., the fixed
charges wiU be, perhaps. $300,000 to $400,000 more.— V. 64, p. 85, 570.
In Jan., 18H9,ihe N. Y. Stock Exchange listed $1,952,000 additional
gen. 4s, of which $452,000 to redeem old bonds and $1,500,000 for
improvements, making total to that date $62,45S,000.— V. 69. p. 188.
Latest Earnings.— From July 1 to May 31 (11 months) results were
as follows on basis of present charges in both years
189»-y
l)»67-8
Charues
do
,
P.
4
Gross.
$20,f8i.416
20,:6«,5T0
R. RR.
—
>
,
Ket.
8,821,557
Cos. 11 mos., 1898-9
1897-8
do
all
Read. Co AU Cos.
Xet.
Net.
total net.
t979,«78 $174.1i)9 $9,647.09
310,919
H,7U1,88'.)
21,314,450
669,413
t9,25'>,ii'^ii;
balance, sur., $l,3;)7,' 98
f, 290,28';
1,411,-07
balauce, sur..
Coal
Gross
&.
Iron.
.
.
t2l,10S.5iJ6
».8.493.021
-
Reading System always shows small earnings in the winter
months. The largest earnings are in the autumn.
Annual Report.— Fiscal year ends June 30, having been changed in
Sept., 1897, from Nov.30. First report of new company was given at
length in V. 67, p. 1,205, 1216. See also editorial, p. 1187.
Tears Ending June 30.
1898.
1897.
Railway company— Receipts
$21,986,834 $20,616,264
Expenses (including renewals, etc.)
11,717,460
12,386,028
Tlie
Net earnings
Coal and Iron Company— Receipts
Expenses
Net earnings
Reading Company— Net income
.
Net earnings aU companies
Fixed charges and taxes
Surplus
Deficit 7 mos. Dec. l,1896,to
June
30, 1897.
$9,600,806
$22,909,553
22,433,315
$8,898,804
$21,427,080
21,331,713
$476,233
343,32 )
$95,367
313,320
$10,420,364
9,043,y44
$9,337,491
9,916,625
$1,376,420
1,2 13, 127
df.
$579,134
Net surplus for 19 months
$133,293
Officers Reading Co. —(In June, 1898.)— President, Joseph S. Harris; Vice-President, W. R.Taylor; Sec, W. G. Brown; Treas., W. A.
Church.— (V.67, p. 576,579; 1,205, 1,216; V.68, p. 86, 188, 479, 773,
1183; V. 69,
p. 82, 132.)
Rensaelaer
6c
Saratoga KR.— Road.— Embra ces 192
Road owned—
Troy to Lake Champlain
miles, viz.
Leased < Oontinued)—
Miles.
Mitejt.
Edward to Caldwell
Vermont line to Castleton,
15
Leased
Vt.
7
Troy to Waterford June, etc.. 14 Eagle Bridge, N. Y., to Rut62
Schenectady to Ballston
15
land, Vt
Lease.- Leased In perpetuity March 1, 1871, to the Delaware A Hudson, which, Dec. 31, 1898, owned $800,000 of stock; rental. 8 percent
on the stocif and interest on bonds. Guaranty on stock, V. 56, p. 773.
—
Year.
Gross.
79
Ft.
Rat.,
Int., taxes, etc.
\et.
1897-8
1896-7
de.f.
$299,312
$2,448,728
$729,235
$1,028,547
2,345,270
804,124
—(V. 63, p. 881; V. 67, p. 1054; V. 68, p. 976.)
Klclimond Sc Danville.— See Southern Railway Co.
;
—
1
;
,
A
J. N.Y., Del.
N.
do
J.
Phila.
N.
do
do
do
do
do
J.
J.
N.
J.
Dh-ldend.
A H.Canal Co
do
A Richmond,
do
do
do
do
do
Jnlv, '99,
May
4%
1921
1901
1901
1901
1901-1902
orRlchm'd
Morgan A Co.
0. N.Y.,Phlla.
Apr.
N.
Nov.
J. P.
1,
.Iulyl"99,3»a%
May, 1899, 3»fl
1,
1,
1940
1948
Jan. 4, 1949
5g. J. A J.
(1)
2,000,000 See text.
New York.
.Ian.25,'99, lU
.1.'
1,850,000
5 g.
A b. N.Y..Mait.,CoppellA Co Deo. 1, 193>'
N. Y. Co.'s ofllce.
2,000,000
July 1, 1917
6 g. J. A J.
4,510,000
4,510,000
4g. J.' A J. N.Y.,Mait.,CoppellA Co July 1. 1940
N. Y., Office, 11 B'way. Sep. 30, '98,2%
10,000.000
do
do
Aug. 1,'99, II4
6,700,000 See text. Q.-F.
15, '200,000
4 g. J. A .1. N.Y., State Trust Co.
July 1, 1939
Apr. 1, 1949
1,500,000
4 g. A. A O. N. Y. State Trust Co.
N. Y., office R. G. W.
550,000
Jan. 1, 1918
!«• A. A O. All
owned by Penn. RR.
300,000
Phlla., Co.'s Office.
May 1, 1912
216,000
M. A N.
J.30,D..'il
4
Dec. 31, 1903
84,000
J. A J. N. Y., by Erie RR. Co.
Jiilv, '99, 3%
555,200
6
J. A J. N. Y., Com Exch. Bank. July 1 '99, 2 Wo
5
1,500,000
do
150,000
10
J. A J.
do
Jan. 1, 1900
J. A J.
do
do
July 1, 1925
450,000
6
property liable for the guaranty of the bonds of the Richmond NicholasIn July, l-^OO, the
ville Irvine it Beattyville KK.— V. Qh, p. 1023
Louisville & Atlantic RR. was incorporated as suoi-essor with .$2,0(»0,000 capital stock. V. 69, p. 180. Year ending Juno ,30, 1898, gross,
.$65,076; net, $7,140; against $16,326 in 1896 7.— V. 69, p. 180.
Richmond Petersburg
See Atlantic Coast Line of Va.
Richmond Petersburg <k Carolina RR.— Under construction
in the interest of the Seiiboiir<l & Roanoke from near Ridg way, N. C.,
on Raleigh A Gaston, vid Petersburg, to Richmond, Va., 103 miles.
In Jan., 1899, tiled a mortgage to secure $2,500,000, 50-year 5 per cent
gold bonds. Construction, it is understood, is being pushed as rapidly
as possible.— V. 68, p. 188. Piesident, De Witt Smith, 141 Broadway,
N. Y.; Vice-President, James 8. Negley, 141 Broadway, New York.— V.
&
RR.—
67, p. 843; V. 68, p. 188, 82(5.
Rio Orande Junction Ry.— Owns road Rifle Oeek, Col., to a
connection with the Rio Grande Western at Grand Junction, 62 miles.
This is a connecting link in the standard-gauge route between Ogden
and Denver and Colorado Springs. Leased by Colorado Midland waiiroarf (since foreclosed and reorganized as Colorado Midland Railway)
and Denver A Rio Grande at 30 per cent of gross earnings, which companies jointly and severally guaranteed the bonds, principal and In
interest. First dividend, Jan., 1898, 80 ots.; in Jan., 1899, $1 20.
For year 1897-8, gross, $387,977; net, $116,393; in 1896-7, gross,
$362,664; net, $108,799.-(V. 66, p. 237.)
Sc Pacific RR.— Organized in Mex1896;incorpo rated in N. Y. State in June, 1897, when completed
from Ciudad Juaiez via theSau Bias Mountains, Lake Guzman, Sabinal
and San Pedro mining region, to Casas Grandes, 156 miles. Extension
proposed to Guerrero, 156 miles, to meet the Chihuahua & Pacitlo, and
combined roads to build to PaciUo Coast. Capital stock is $3,120,000
($20,000 per mile) and bonds are authorized at $20,000 per mile, of
which $2,000,0 lO issued for construction to July, 1898 Interest on
bonds begins July, 1899. El Paso Southern RR. organized to build El
Paso terminals and Rio Grande bridge.
Directors.— President, A. Foster Higgins; Vice President, Edwin D.
Morgan; 2d Vice-President, A. (JitTord Agnew; Secretary, George Rowland; Treasurer, Solon Humphreys; Sidel Tilghman, John B, Lawrence, .Ir., W. Morton (Jrinnell, Edward M. Shepard and John T. Terry
New York offices are at 54 Exch. Place.— V. 64, p. 611, 1138
Rio Grande Southern RR,— C-See Map Denver (6 Rio Grande.)—
Owns narrow gauge from Dallas (new name Ridgeway), Col., on the
Denver A Rio Grande, southerly to Durango, 162 mUes, and branches
to Telluride and coal ttelds near Hesperus, 18 miles.
Bonds.— Interest on firsts reduced from 5 per cent to 3 per cent to
Jan. 1, 1898, and 4 percent thereafter. A majority of the stock is
owned by D. A R. G. and by it has been placed in trust. See V. 63, p. 404.
Mortgage trustee. Central Trust Co.; abstract, V. 54, p. 163, and application to N. Y. Stock Exchange In V. 54, p. 446.
Latest Earnings.— llmos., 5 1898 -9.. Gross, $456,868; net, $222,516
July 1 to May 31.
U897-8.. Gross, 391,571; net, 179,319
For year ending June 30, 1898. gross, $427,264; net. $197,630;
other income, $2,642; interest, taxes, etc., .$192,684; surplus for year,
$7,.'i88.
In 1896-97, gross, $401,238; net, $171,449. (V. 67, p. 425.)
Rio Grande Western Ry.—r,SecJfap.;— Line of Road— OwnsCrevasse, Col., to Ogden, Utah, 310 m to Wasatch, Bingham, Coal Mines,
Sevier Railway
etc., 52 m.; San Pete branch. Thistle to Manti, 62 miles
(proprietary line— all securities owned), Manti to Belknap, 62 miles;
Rio Grande Sierra Madre
ico in
;
Rich nond, Va., to Quantico, 79 miles; James River branch. 3 m. leases
Quantlco to Junction, etc., 3 miles, total 85 miles. The dividend obligations receive same dividends as common stock, but carry no voting
power. Rich. & Petersb. Connection RR. stock of $140,000 receives 8
Atlantic Coast Line Co. owned $675,800
p. c. dlvldend^i under lease.
common stock June 1, 1897. The guaranteed stock Is secured by mortr
gage. Consols are re.served for prior bonds maturing.
Dtvs. on ftock, >'88. '89. '90. •91to'93. '94. "95 '96. '97. '98. "99.
and div. oblljf. p.c. J 7
7 6hi 7 yearly. 6«2 7
7
7 6'2 7
Rei'ORT. Heport for year end. June 30, 1898, showed gross .$770, 726^
interc.Mf, $57,'280
dlvldomU.
net, $302,046; other Income. $0.()2«
$192,757; balance, s'lrpliis, $61,035. In 1898-i), July 1 to Miiy31
(10 months), gro-s, .$794,202; cet, $3 6,029.— (V. 67, p. 1305.)
Owns road from Keysville.
Richmond Sc .TlecklcnhnrK
Va.,to ClarkfMvllle, Va., 31 nillcH. Ko.id Is ojx-riited by .South. Ky. Co.
undfr lease of fifty years from Nov.
intcreHt ku lionils. In
1 89H, fi)r
6s. due Nov., 1921, wi-re retired by the new 4s.
1899 the $315,0
Stock.- $357,900 (par $100), of which $300,0O0 owned by 80. Ry. Co.
For jear ending June 30, 1898, gross, $49,' 43: not, $6,M2; other Income, $5, .540; Int., ami taxes, $21,538.— V. 68, p. 82f;.
Richmond McholaMville Irvine
Kcatlrvlilc RR.— Sold
under forr-cloj-urc Oct. 0. 18!»x, to Hcntictf H. Vhuiil'. of LoiilsvlUo,
repreHcntinir,
Ky.,
It l-i sal'i. lOrne'^t Fawke, of Livc^rpool, ICtig., and .Mjtgann A Frayer, c;,nnada, but sale was net a.slde jind on .May 1, 1809,
resold to Adolph H. Hegnl of Phlladeli«lila. V. (•,», p. 872. In .May.
1899, the U. f. rtupreme Court reopened the foreclo.xure prnrefdliiifH
against the Louisville New Albany A Chicago in the suit to liolrl the
RR.—
&
A
A
M A
A
A
A
A
A
A
J.
Bo»Mi«— Prtnolpal,When Due.
by Slocks— LH»t
,
Kiclimoud FredcrlokHbnr!; & Potomac RK.— Owns fram
;
8
Whom.
Payable
2,000.000
7
M
2,336,703 7 In 1899 J.
500,400
7
96,270
5
J.
47,248
5
J.
6
M.
298,000
53,511
5
.1.
4>iig.iA
500,000
A.
3 S,000
M.
4 g. -
1,000
•
11 Jtuis. to
Mty-.ii..
Cent.
$100 $10,000,000
1871
82 1856 Various
82 1858 Various
82 1870 Various
do
82 '41fi0
do
2d mortgage
o*Ar
82 ISDO $1,000
Consol. mortgage for $2,000,000. «rold
31 18;)'.)
Iftchmond <f MeeKle>ibitrg—l»l ."M., $315,000, g... o
1.000
Richmond <e Petersburg— Sv.E Atuvntic Coast Lin E RR. OK ViR GIN IV.
—
103 1890
Rich. Peiersb.ct Caro. lat M.. $'2,500,000, g...~TIeBu
1,000
....
....
100
Rio Orande jHHclion—Stoo'k
nuaranteed
o*
62
1 St mortgage, gold,
1889
1,000
p.m
1st
j\I
.gold,$20,000
156
Gr.
Sierra
yf.
dt
Par.—
1897
Rio
1,000
180
Rio Grande Southern— Stock. $25,000 per mile
100
180 1890
1st M.,.$5,000,000g.,$25,000p.m., inel. eqiiip.c*<fcr
1,000
....
• •
Rio Grande irfs/ern—Couniioii stock
100
583
.
100
Preferred stock ($7,5011,000 authorized)
435 1889 l,000&c
o*
l8t trust mortgage, for $1«,000,000, gold
S c* 543 1899
1 St consol. mort.. red. at par, see text, gold
1,000
33 1898
Utah Cent. 1st >L, $6.50,000, guar.,V. 6S, D. 724,g.
1,000
>•.
....
River Front— Stovk, 5 per cent, guar. Penn. RR
50
....
1882
1st mortgage, guar. p. & 1. by Penn. RR
1,000
....
1893
Debentures
18
....
Roch. dt Genesee Tai.— Stock, 6% rental Erie RR
100
113
.
100
Rock Island <£ Peoria—Stock
r
91 1878 25,000
Ist mortgage
r
113 1885
Consolidatea 1st mortgage
5,000
.
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Tintlc Ranjfo Ry. (proprietary line, all securities owned)— Sprinirvilie
to Mammoth, and spurs. 46 miles; total owned, 532 miles; Utah Central (stock owneil), 33 miles. Leases Crevasse to Grand Junction, 18
miles. Total operated, 583 miles, besides 11 miles of tramways. Main
Is laid with 65-lb. and 75-lb. steel.
History.— Formed in June, 1889, to succeed the Denver A R><*
Orande Western, t)y plan of March, 1889. V. 48, p. 4'29; V. 52. p. 941In 189S acquired control of Utah Central and guaranteed its first 48,
Capital Stock.— Preferred stock Is entitled to 5 per cent dividend,
line
non-cumulative, tlien common stock to 5 per cent, after which both
classes of stork share pro rata. In Sept., 189S, $200,000 preferred
V. 67, p. 435, 579.
is.Hued for stock dividend of 2 p. c. on common.
1892.
1893. 1891-6. 1897. 1898.
Cash Dividends.-) 1891.
5
None.
Preferred, p. c.
3\
5
3^
\
S
.2 pf.stk.
Common, p.c
In 1898, Feb.. 1^ p. c. (of whlcli 1 n. c. extra), V. 65, p. 1197, 1222;
In May, ^ p.c; Aug., l\, being mipaiii balance of 5 i)or cent for tlscal
year ending June 30, 189S, V. 66, p. 1090; Nov., % p. 0. In 1899,
Aug.,
Feb.. ITt (of which 1 p. c extia)V. 67, p. 1261; In Mhv. I'j p. c
IHp. c. A\no \)nUl in preferred slock nn preferred: In 1891, 2»f p. 0.;
In 1897, 4 p. c.
Flrstt dividend on eoinmon, 2 p. c. In preferred stock at par, Wftt
paid Sept. 30, 1898. V. 67. p. 435.
Bonds.— See abstract of Ht mort. (Central Trust Co., trustee) in V,
4f». p. '237. andstafeiiient to New York Htook Exchange in V. .^0, p. 73.
Tlie first consol. 4s, autliorlzod In 1«99, are secured by a tlrst collateral llin on the Sr>vler and Tliillc nillwavs, llO miles, iind mi nil now
ine«
mileage to bo lonstrueted. Including 25 miles of liraiiolc«t.
ar
to be built III I.H19, to cover the cost <>f wlilch mid t«> •:
;
'
Ifl2
INVESTORS' SUPPLEMENT.
[Vol. LXIX.
July,
RAILROAD STOCKS AND BONDS.
18t9,j
Siibst-rlbers will confer
a sreat favor by sivlna: Immediate notice of any error dIsooTered In tbese Table*.
RAILROADS.
For explanation of column taeadlnKS,
on first page of tables.
Rome
&o., see notes
Miles
Date
of
of
;
Slse, or
Far
Road. Bonds Value.
Clinton— Stock (rental guaranteed)
<6
.
—
&
OB
97
45
All
17
13
14
28
28
9
i
I
127
431a
7
67
1898
1899
1891
....
1,000
1,000
i",0'00
1
;
131
1894
....
....
252
1,000
!
100
100
100
I
I
1897
1,000
$715,751
President. Rochester, N. Y.
from Rock Island, 111., to
Peoria, m., 91 miles; R. I. A Mercer County RR., 22 miles; branch, 5
miles; total 118 miles. In year ending June 30, 1898, gross, $659,677;
net, $176,455 other income, $9,392 interest on bonds, $42,000 dividends (5 p. c), $75,000; balance, surplus for year, $68,847. In 189697, gross $567,627; net, $143,881. Dividends at 5 per cent per annum
are paid; in 1892 an extra dividend of 10 p. c. was paid; in 1896 an
extra dividend of 5 p. c. wa.s paid. President. R. R. Cable.
Ac Clinton
Owns road from Rome to Clinton, N. Y.,
13 miles. Organized in 1869. Leased in perpetuity in 1891 to Delaware
A Hudson Canal Co. and operated by N. Y. Ontario A W. Capital
stock, $345,360. For year ending June 30, 1898, rental, $22,375;
sundry expenses, $761; dividends (6^ per cent), $21,581; balance,
surplus, $33. Total surplus June 30, 1898, .$14,813.
Rome
Oenlral
RR.—
& Osdensbur^ RR.— r-See Map New York
H tutsan River Railroad.} — Owns from near Niagara Falls to
Watertowrn
<£
Massena Springs, N. Y., 299 miles, less 28 miles, Richland to East
Oswego, leased from the Oswego A Rome RR. Richland to Rome, 41 miles;
branches to Cape Vincent, Ogdensburg, Pulaski, Fulton, etc.. 104 miles;
total owned, *iC 'nlles. I.«afles Utica A Black River Railroad, Utlca to
Ogdensburg, and clayton branch, 150 miles Oswego A Rome Railroad
»8 above, 28 miles Carthaee Watertown A Sackett's IIarl)or, 30 m.;
total, 624 miles. Also trackage— to Niagara Falls, 2mUes; Fulton to
East Oswego New York Ont. A Western 12 miles.
Lease. — In 1891 leased during corporate existence and renewals to
N. Y. Central A Hudson River RR. Co., which assumes the debt and
guarantees 5 p. c. on stock. For guaranty see V. 52, p. 463.
Bonds. — Utica <e Black River Is leased in perpetuity, 7 per cent on
Btock being guaranteed. First mortgage, guar., p. and 1. V. 50, p. 771.
;
;
;
RR.—
C.S'-e .T/«p.;—Owns Bellow's Falls, Vt., to BurlingRutland
120 miles, and leases the Addison RR., Leicester Juno., Vt.,to
Tlconderoga, N.y., 16 miles; Otfrtensburg A Lake, Chaiiiplain Ry. (acquired in 1899), Ogdensburg to Rouse's Point, 118 mili's; the RutlandCanadian RR.Is building an extension from Rouse's Point to Burlington, Vt., 40 miles, to connect the linoH, to be completed Oct. 1, 1899;
also branch, Alt)urgh to Noyau Junction, Can., 3 "a mlies, tf)tal 297'^
miles; also owns Ogdensburg Transit Co., running steamers on the
lakes between Ogdensburg and Chicago, Milwaukee, Uulufli, etc.
ton, Vt.,
97-, 10'<;«; V. 69, p. 132. System will furnish, when comthrough line from the western ports of the groat lakes fo tlie
New England seaboard.— V. 68, p. 131.
Stock.— $3,000,000 of the preferred and $1,000,000 of the $2, t«0,600
common stock, par $100, was purchased in Oct., 189(5, by P. W.
Clement, President of the Rutland RR.
'99.
Dlvld'nds ) Year '90. '91. '92. '93. '94. '95. '96. '97. '98.
2
on pref. 5 P. C. 3
2
Bonds.-The consolidated mortgage (trustee. U. 8. Trust Company
of N. Y.) is for$3,.500,000, butof this .$1,464,100 can be issued only
V. 68,
p.
plete, a
4444212
In payment of 1st 68 In 1902. V. 66. p. 1190. Rutlanrl-Canadliin
mortgajif! Is for $1,350,000, of which $1,100,000 sold In July. 1HW9 (see
advt. In CiiRONici-E of July 15); the balance Is reserved for hranches,
terminals, rolling stock, Improvements, etc.
Generai, Finasces.— In January, 1899, the Ogdensburg
A Lake
6H
A
J.
A
Due.
Stockt—lAnX,
Dividend.
N. Y., by check July,'99.3ifl9i
Y., Gr. Cent. Station. Mayl5,'99,l'4
J. Clinton,
Q.-F. N.
M.
pal, When
Whom.
Payable
do
g.
A J.
A. A 0.
F. A A.
F. & A.
A. A 0.
M. A N.
M. A N.
F. A A
M. A 8.
J. A J.
A J.
J. A
M. A N.
J. A J.
4 g. J. A J.
4g. J. A J.
Q.-F.
6
5g. M. A 8.
Champlain RR. (which
J.
.1.
.1.
do
N. Y., Gr. Cent. Station.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Sept.
i
i
I
July
July
July
Feb.
Apr.
^fty
May
May
1910
1901
1923
1915
1915
1916
1918
1915
1915
1,
1,
1,
1,
1,
1,
1,
1,
1,
Mar. 30, '9 9. 3 >«
July 1, l922
July 1, l91»
Philadelphia.
July 1, '99,1%
Company's ofJioe.
Boston, Globe Nat. Bk. Nov. 1, 1902
N. Y.. U. 8. Mort. A Tr. July 1, 1941
N. Y. Nat. Bank of Rep.
Boston, O. Col'y Tr. Co.
Troy, United Nat. B'nk.
j."a".j. Jan,, '96, coup, last pd.
1948
1949
Aug.,'99,H«%
Sept. 1, 1931
July
July
1,
1,
See text.
U. A 'S. Boston, Comp'ys Office, Mch. 1. 1944
k in vot ing trust for period s tated in text.
semi- an N. Y., Central Trust Co. Aug. 1, '99,1%
a" J.
J.
see)
N. Y., Central Tr. Co.
was purchased and
its first
Jan.
1,
1947
mortgage 48
;
(present issue). $3,500,000, guaranteed. The Rutland-Canadian RR.
43 miles, to be completed Oct. 1, 1899, will shorten the distance
between Rouse's Point and Boston 16 miles. The Addison RR. is
leased for 99 years at 3 p. c. on the .$500,000 stock, of which the Rutland owns $429,600, the dividends received from which being included
in " other income."
Earnings.— For year ending June 30, 1899 (June est.), results were:
Rutland
Og <6 L. Uh.
Total.
RR.
RR.
$797,051
$358,883
30,099
Gross earnings
Net earnings
Other income
$1,466,064
$476,764
57,939
$669,013
$117,881
27,840
$534,703
Total for int and div
$145,721
$388,982
Total annual interest charge, entire svstem (inc. Rut.-Can.) for 18991900, $362,500.
Report for 1897-98 was in V. 67, p. 952.— (V, 69, p. 132.)
Owns from New York Stat© line
Rntland &, Wlitteliall
Leased Feb. 1. 1870. in perpetuity to
to Castleton, Vt., 7 mile.*.
the Rensselaer A Saratoga RR. (rental $15,342—6 per cent— on stock)
RR.—
& Hudson.
Huron RR.— Owns
and so operated by Delaware
Saeiua^w Tascola &.
Bad Axe, 67 miles. Stock
Saginaw, Mich., to
auth., $600,000; par $100. First M. bonds
$1,000,000 out as collateral for floating debt of $1,327,140 on June
30, 1898. In year 1897-98 ^ross, $122,133; net, $25,449; interest on
unfunded debt, $75,036. Wm. L. Webber, Pros., Saginaw.
Projected to run
St. Lonls Belt
St. Clair Rladlson
from a point in St. Charles Co., Mo., to Belleville, 111., about 40 miles via
bridge across the Mississippi River at Alton, 111. In October, 1894, the
bridge and 2 miles of road were completed. The bridge is 2,100 feet
long and laid for double-track. Interest due July 1, 1896, not paid,
reorganiand on Jan. 15, 1897, J. F. Barnard made receiver.
zation committee has been appointed, but no plan to July, 189'^. Folr
year 1897-98, gross, $54,883; net, $23,636. Treasurer, O. Hodgman,
300 No. Fourth St., St. Louis, Mo. V.64,p. 181.
RR.—
&
A
St.
;
;
Cent.
500,000
600,000
"s'g.
3,848,590
" s'g
2,427,000
4,600,000 All stoo
5,497,600 3 in 1899
3,430,000
3,500,000 2-3-4 g.
50
James Brackett,
Rome
As collateral
1,000
....
Rock Island & Peoria Ry.— Owns
;
3,500,000
1 ,100,000
255,700
100
1
1893
$675,485
Balance
sur..$220,291 sr.$131,370 sr.$241,438 sur.$40,263
—'V. 67, p. 786, 794,1264; V. 68, p. 283, 475, 1183; V. 69, p. 82.)
River Front Rlt.—Junction with Phila. A Trenton RR., Lehigh
Ave., KensiDgton. to l>ock St., Philadelphia, with branch; total 3*86
miles. Leased to Pennsylvania RR. for 50 yeais from May 1, 1882;
rental now $29,000, 5 p. c. being guaranteed on stock.
Rochester Sc Genesee Valley RR.—Owns from Avon to Rochester, N. Y., 18 miles. Leased July 1, 1871, in perpetuity, to Erie Railway
Rental, $34,012.
$345,360
150 •68-71 "ibo
134 1890
1,000
2 1889
1,000
120
100
120 1872 100 Ac.
120 1891
1,000
Botuts— Prlnoi -
INTEREST OR DIVroENDS.
Rate per When Where Payable, and by
5
10,000,000
417,800
6
500,000
7
5
9,076,000
100,000
6
175,000
6
130,000
5 g.
375,000
5 g.
350,000
7
400,000
5 g.
250,000
7
2,223,000
7
1,950,000
4 g.
50,000
5 g.
4,239,100 2 in 1899
1,464,100
6
2,035,900
4»«g.
1855 100 Ac.
1871
1,000
1874
1,000
1885
1885
1886
1888
1,000
1865
1,000
1891
1,000
trusts, etc., $1,500,000 have been sold. Of the balance issuable, $15,200.000 are reserved to retire the 1st 4s, $2,200,000 will be exchanged
for $2.850,000 branch line bonds nowinthetre^isury and will beheld as
available assets, and $9,000,000 may be Issued at not exceeding $50<),000 per annum for equipment and improvements. Additional consol.'^
may also be issued at $'^0,000 per mile for future branches and exteu
Bions or for underlying liens of acquired roads.— V. 68, p. 475, 1183.
On June 30, '98, there were $800,000 firsts in the treasury. Bills and
notes for equipment, June 30, 1898, $226,719.
Earnings.- 11 months, ) 1898-9.. Gross, $3,050,558; net, $1,148,244
July 1 to May 31.
3,057,176; net. 1,175,874
S 1897-8.. Gross.
ANNUAL Report.— Fiscal year ends June 30. Annual meeting is held
on fourth Monday In October. Full report for 1897-98, with balance
sheet, etc., was in V. 67. p. 786, 794
See also editorial, p. 766.
lear en</. June 30—
1898.
1897.
1896.
1895.
Average mileage
582
531
546
531
Gross earnings
$3,362,288 $2,468,504 $2,457,359 .$2,189,691
Net earnings
667,094
1,182,739
758,615
869,659
Netlncome
715,748
1,265,918
860,891
957,189
Interest on bonds
608,000
608,000
608,000
608,000
Rental, etc
112,849
67,485
121,521
107,751
Dlv. on pref
324,778
$729,521
Outstanding
100
Oswego Bridge
Co. Ist mortgage
Syracuse Plienlx A Oswego l.st uiortsage
Norw'd AMont. Ist M.. g.,"!F360,000; $10,000 p.m.
R. W. AOg.Term.RR. Ist M., gold, assumed
c*
Oswego A Rome [I-«ased in perperAlst M., guar.
2d M., gold, laiar p. A 1. (end) by R. W. A O..o*
N. Falls Br. RR. stk.. ($2-l3,000own. by R.W.AO.)
Utlca ABl. Riv. 8fk,7 p.c.perpet. gu.by R.W.AO
U. A B.R.lst M., !f2,000,000, g., gu. p. J
iJuper(<«B;oom«6'g— Ist M.gu.p.&l.(end.)P.AR.g.o*
Bulland Stock, preferred (for com. see text)
1st mortgage (8 per cent, reduced to 6)
c
First oonsol. mort. for $3,500,000, gold
o**r
GCVRANTEED BON'DS.
Ogd.
L. Ch 1st M., $4,100,000, g., guar.«'e..c'
Rut.-Can.— 1st M.,g., gu., $1,350,000.
c*
Rutland dk Whilehali RR.— Stock (no bonds;
Sag. Tuseola<e Huron— Ist M., $15,000 p.ai.,g.Co.o*
St. O. ifad. dt St. L. Belt— %tock
Alt. Bdg.l9tM.,s., $100,000 as col. for l'n.$75,000.o
81. Johnshiir\j rf L. O ham pi. —Stock, $1,298,500, pf.
1st M., $2,0(50,000 ($1,328,000 gu. by B.AM.) g.o*
St. Joseph d Grand Island /?,(/•— Common stock...
1st preferred stock, 5 per ceut, non-oxun
2d preferred stock, 4 per cent, non-oum
1st M., g., 2 p.o. 2 yrs., 3 p.o. 3 yrs., then 4..c*&r
Amonnt
$100
I
IU>me Waterloicn tt Ogiieiisbitrff— Stock, gu&r. (end.)
l8tM.,Wat.&R..RoiuetoCai>eVin.,9.f.,notdr'n.c*
Syracuse North'n, let M. Svracuae to Sandy Cr.o*
Consol. M. (Int. but not prfu. payable In gold) .0.
Total payments.. $1,045,627
Iil3
Vt., to
Jolinsbury & Lake Champlain RR.— Owns Lunenberg.
Maquan Bay, on Lake Champlain, 120 mUes, and branch from
North Concord, Vt., to East Haven, 11 miles; total, 131 miles. The road
operated independently although a majority of the stock is owned by
the Boston A Lowell, leased to Boston & Maine. In year 1897-8 gross,
$366,610; def. under operating, $25,383; deficit, $97,8u9.
St. Joseph 6c Grand Island Ry.— Line of Road— St. Joseph,
Mo., to Grand Island, Neb., 251 miles. Trackage, St. Joseph to Flattsburg. Mo., over S. F., 29 miles, and Plattsburg to Kansas City, over K.
C. A Nor. Conn., 40 miles total trackage. 69 miles.
HisTORV.- A reorganization Feb. 23, 1897 (per plan In V. 62, p.
Is
;
784,950), of the St. J. A Grand Island Railroad, sold in foreclosure.
Stock,— A votlngtrust will retain control for the first preferred stock
for five years, unless the first preferred stock pays full dividends for
three consecutive years, after which the control shall rest with the
first and second preferred stocks, and shall so continue for three years
thereafter, after which all stocks shall be entitled to equal vote. Voting trustees are F. P. Olcott, J. Kennedy Tod and Gordon Abbott.
Dividends.— On first preferred,m 1898, 5 p. 0.; In 1899, Jan., 2 p. 0.;
Aug., 1 p. c— V. 69, p. 28.
Bonds.—The 1st mort. Interest is 2 p.o. till Jan. 1.1899; then 3 p.o.
Bonds for $500,000 reserved
till Jan. 1, 1902 and thereafter 4 p. c.
for uses of new company cannot be issued to exceed $100,000 yearly,
and $1,000,000 can he sold only for new mileage at not exceeding
$6,000 per mile; trustee. Central Trust Co., N.Y. See application for
listing on N. Y. Stock Exchange In June, 1897, In V. 64, p. 1133.
The fixed annual charge, previously $420,000, will be for the first
two years from Jan., 1897 (Inoluding charge on $500,000 reserved
bonds), $S0,000; following :j yo;ir-i, <il20.(>00; after 5 years, $160,000.
Latest Earnings.— 11 months ending Jlay 31:
Tear.
Bal.,
Int. .tares, etc.
Net.
Gross.
mr.
$1,148,22K
$174,778
$78,750
$25:<,526
344,395
408,5(i2
64,167
1,153,557
Annpal Report.— Fiscal year ends June 30; report with bal. shoot
In V. 67, p. 947. showed: Gross, $1,232,.508, net, $181,H,30; otiier income, $8.^3; Interest, taxes, etc.. $161,921 balance, surplus, $23,702.
In 1896-7. gross, $9:19,087: not, boforo deducting taxes, $262,139.
Officers.— President, William L. Hull Treasurer. Henry Budge
1S98-9
1897-8
:
;
Seo'y,
W. 8. Wilson. — V.
b8, p. 41,
IIH.'I;
V. 69, p. 28, 181.)
Ac Soulliern lilt.- Owns South Bond.
St. Joseph South
Ind., to St. Joseph, .Mich.. 39 miles. .\ reorgiinl/.atlon of the Indiana
A Lake Michigan Kv., foreclosed ami sold !)• «•. '<. 1H9H. V. 07. p. 1263.
The new company took posncHtion Mar. 1, 1899, V. »H, p. 473. Htock,
$500,000 common and $250. 000 5 per cent proferrcd. to be held for
five yi-ars by Morgan G. Hulkcley. rt. C. Dunham and Colgate Hoyt, as
voting frustofrt. Tlie old bonds nald an assessment of J.l iier "«nt and
In
i>er 0(>nt In preferred.
rpcelve<l par In new cominon and
*.
tli« treasury $20,000 common ami $130,000 for rutiirn n-i
'•).
For v<Mir ending Oct. 31, 1S9.-J
V. 6S, p. 129. No bonds.
gross, $70,55H; deficit under operating, $1,255.— V. 69, p. 129. iii.
Bend
'
'-'.'i
12*
mVESTOES' SUPPLEMENT.
[Vol. LXIX.
July, 1899
RAILROAD STOCKS AND BONDS.
]
Snbsrrlbera
^vlll
confer a sreat favor by slvlus Immediate notice of any error dlncovered In
RAILROADS.
For explanation of column headings, &o., see notes
on
81.
Lawrenee
dt
tirst
page of
Adirondack
Miles
Date
Size, or
of
of
Par
Tfi/.— Stock
2d mortgage. $400,000, gold
Bi. Louis dt Cairo— 1st M., gold. Int. guar. M. & O..0
81. LouU Chie. dt SI. Paul Ri/.— Stock, $1,500,000..
Receivers' cci-tltlcatea, $-100,000
xc*
Ist mortgage. $1,500,000, gold,
2d mortgage. Income 6s. non-cuin., gold, A -xc*
c
St. Loui.^ cf nanuibai— 1st mort., $000,000
St. Louis Kennett if Southern.— 1st mort., gold...b*
o*
Pemiscot Div. 1st M., gold, USi....'.
56
56
161
.
.
o*
Kennett vt Osceolo RK. 1st M, gold, USf
Louis iterchanls' Br. Term.—lai M., gu.p.&i.,g.c
Meroh. Bridge 1st M.,red.after Feb 1.1909, at 110
St. Louis <t yorihr.rn Short iiue— Stock
....
103
20
25
20
8t.
CAT
Ist mortgaire, gold, $25,000,000, Ce
Louis <e /*<or(//— Prior lien M.,g., call at 1071-2
Consol. M., $2,000,000, gold, called at 105
Income M., 5 p c. non cum called at par
Lltch, A Mad. (Income) M. $500,000 5"o,non-oum
St.
,
KK.—Com.
....
....
....
230
230
230
44
C
•
A.s
1899
1897
1897
1886
1891
&W. Div.l8tM.,g.,$5,0OOyearlydr.atl05..o"
82
1,000
1,000
1,000
1,000
1,000
1,000
. .
1
---.
i'oo
100
100
1876 100 Ac!
1876 500 &0.
1876 500 &0.
1879
1.000
....
....
6
g.
4g.
Bojute— PrinciDae.
Stocks— Last
Dividend.
pal, When
July
Oct.
Jan.
1,
1,
1,
1996
1096
1931
500,000
2,708,500
2,400,000
1,025,000
6
g.
M.
J.
F.
A.
J.
A.
F.
J.
&
&
&
&
&
&
&
&
N. Nov., '97, Int'st last pd.
In default.
J.
St. Louis, Mo.
do
O.
D.
do
O. N.Y.,F'rsL.&Tr. ASt.L.
A. N. Y., Farm. L. &Tr. Co.
A.
J.
New York.
Nov. 1, 1927
Nov. 1, 1927
1936
Feb. 1, 1921
1914
1917
Oct.
Feb.
1,
1,
1930
1929
July 1, 1949
1929
1929
J.'&'j.
M.'&'y.
6|. M. & N.
6g. M. & N.
6g. F. & A.
Checks mailed.
do
New York, Mercan.
do
do
do
do
do
do
July 6, '99, 2
Mar.3, '99,
Tr. Nov. 1, 1906
Nov. 1, 1906
Nov. 1, 1906
Aug. 1, 1919
proposed by plan.
Lawrence & Adirondack Ry.— From
Mohawk A
& Cairo Ttn,—( See Map Mobile d Ohio.)— Cairo to East.
Louis and branch, 161 miles. Reorganized after foreoU sure July,
1881. Stock is $6,500,000. Leased from Jan., 1886, till Jan. 1, 1931, to
the Mobile & Ohio RR.— rental of 25 per cent of 150-640ths of the gross
revenue of Mobile & Ohio from Mobile to E. Cairo and branches, of St.
L. it C. from Cairo to E. St. L. & branches, this rental being guaranteed
to amount to $165,000 per year. Rental for year 1897-8, $225,124.
Dividends. -In '93-4. H p. c; '94-5, H; '95-6, Xg; '96-7, 23; '97-8, none.
St. Lonlt)
St.
&
St. EionlM Cape Girardeau
Fort Smith' Ry.—Reorganized
as Southern Mis.<ouri i Arkansas RR.
St. Lonlci Chlcaso
St. Paul Ry. ofllllnols.— Ro.a^d— Owns
from SpringHeld, 111., to Granite City, 111., 103 milei; branch to Grafton,
8 miles. Connects at East St. Louis with Terminal Ry. for St. Louis, etc.
On Oct. 1, 1898, Wm.
Male, of New York, was appointed receiver.
On Feb. 16. 1899, receiver was authorized to issue $400,000 6 per cent
certificates.— V. 68, p. 381. After foreclosure to be consolidated with
the Chicago Peoria & St Louis as the St Louis & Peoria Ry., which
will Live for this property, 5 per cent consols, $649,000; non-cumulative income bonds, $619,000; 5 per cent non-cumulative preferred
stock, $550,000; in com^non .stock, $1,100,000 -V. 68, p. 722.
E-VRNTNGS.- In year 1897 98, gross, .$325,303. In 1896-97, gross,
306,689. President, Charles E. KimbaU, N. Y.— (V. 68, p. 381, 722.)
St. LonlH 4c Hannibal Ry.— Hannibal to Gllmore, Md, 85 miles.
Rail's Junction to Perry, Mo., 18 miles; total, 104 miles. Stock, authorized, $1,000,000; par, $100; outstanding, $462,000. There are
also ?250,000 income bonds outstanding. Year ending .Juno 30, 1898,
grro-ss, $126,736; net, $18,751
again,st $19,704 in 1896-7; total deductions. $33,903; deficit, $15,152. Seo.-Treas., M. T. Cox, 52 Wall St., N. Y.
Si. Louis Ind.
East.- Acquiied by 111. Cent.— V. 68, p 618,
929, 1227.
St. Lonia Iron int. Jc South. Ry.— See Mo. Pac. Ry. System.
St. LonlH IQerchantci' Brldee Terminal Ry.— Organization. -Double-track road from near Union Depot, via Main Street, Hall
Street, Ac, to Ferry Street, opposite the Merchants" Bridge, 7 miles. It
owns and controls the Madison 111. <fe St. L. Ry., connecting the town
Of Madison and East St. Louis, 8 miles; total, 15 miles. Leases Merchants' Bridge for Interest on the Bridge Company's $2,000,000 bonds.
Bonds— Both issues are subject to call after 20 years at 110 and In
terest. Stock authorized,$3,500,000; Issued to July 1, 1897, $2,939,500;
par, $100. On Dec. 31, 1897, there was due to Terminal KR. of St. L.
$983,489 for advances under Its giiaranty. In Nov., 1893, Terminal
RR. Association of St. Louis acquired control of this company and
guaranteed by endorsement the principal and interest of Its $3,500,000
first mort. bond-* and the interest on the $2,000,000 Merchants' Bridge
tlrst 68.
The properties are operated JDintly.
Earnings.— Year 1897, gross, $649,144; net ovfr taxes and rentals,
&
H
,
&
$118,230; interest, $194,620;
Lonla
dettcit,
$76,390.— (V. 62,
p.
362.)
Northern
&
&.
Short Line.— Leases St. Louis Peo.
Nor. Ry., St. Loui.s, Mo., to Peoria, 111., 164 miles. In May, 1889, the
St.
.T.'& J. N. Y., Cont'l Trust Co.
do
do
A. A O.
J. & J. N. Y.,Farm. L.&Tr.Co.
"'s'ff.
200,000
'"e"
s g1,250,000
(5
1,235,000
380,000
7
135,000
6 g.
150,000
6 g.
70.000
6g.
3,500,000
5 g.
2,000,000
6
25,000,000
None.! an. '99
""i'g.
*
1,200,000
4>ag.
^2,000,000
5g.
•2,000,000
-500,000
26,443,980
5,000,000 4 ln"iS99
14,272,047
,
•
Malone, N. Y. (on
Malone) to Caughnawaga, 56 miles, connecting there with
the Canadian PaciBc at its St. Lawrence River bridge for Montreal.
Stock, $1,300,000. For year ending June 30, 1898, gross, $148,528;
net, $64,147; other income, $214; charge.", $57,490; bal., sur., $6,870.
President, W. Seward Webb. (V. 63, p. 30, 116.)
SI.
$1,300,000
800,000
400,000
4,000,000
1,000
i.oro
500&0.
1894
1897
1890 500 &0.
1889
1,000
100
....
1899
1,000
1899
1899
stock... 1,335
1,3S5
Ist preferred stock. 4 per cent, nou-cum
2d pref. stock. 4 per cent, non-cum., $16,000,000 1.385
2d mort. (now 1st), A, gold) (Pacitlc to Seneoa.c* 294
294
> Mo. ,& branches,
do
Series B, gold
294 miles.
o'
294
)
do
Series C. gold
Mo.
1896
1896
1886
Table*.
1,.'SOO,000
Me
Francisco
INTEREST OR DIVIDENDS.
per When Where Payable and bj
Outstanding Rate
Payable
Whom.
Cent.
$100
o*
tlieiie
Amount
Road. Bonds Value.
tables.
l8t mortgage, .fSOO.OOO, gold
St. Zoui.H Jt .S«»i
ItSA
syndlcatf composed of E. H.IIarrlman, Jacob H. .Schitl, James Stillman and George J. Gmild, owning the Chicago <b Alton, ob'ained control, and the proposed line between Chicago <fe St Louis will be abandoned. V. 68, p. 1022. In June, 1899, It was expectcl thnt the Illinois
Central would take over the jiortion of the liue l)etwenn Siirlnjftteld
and Glen Cartion. 85 miles, and tlint the 63 in'les l)etween Sprinirtleld
and Pf-orla would he merged in tlie Alton system. V. 69, p. 26.
Organization.— Incorporated in Illinois on Dec. 30, 189^, and in
Jan., 1899, authorized lea.se of the et. L. Peo. & Nor.— V. 67, p. 1358
;
V. 68, p. 41.
Bonds. — Bonds cover the entire line at about $30,000 per mile. Including $5,000 per mile for equipment. All of the l>onfU Issued by
the St. Louis & Peori.'i and .St. Louis Peoria & Northern coini)anleH
having been acquired, the bonds of the .'it. I>f»uls A Northern ."^liort
Line will be a tlrst lien upon Its property.— (V. 67, p. 843, 902, 9.'>7,
135^; V. 68, p. 41, 573, 102'Z.)
St. Louin Sc Oklahoma <'lty Ry.— See St. Louts & San Fr. KU.
S', LouIh Sc Peoria Ry.— To own a through lino between St.
Louis, Mo., and Pcorl i. 111.; jiroprletary lino (eiitlr« .$.")00,0()0 stock to
be owned;. Litcliticlil to Madison, 44 mile-; tr>tal iibout 274 iiiile-.
Also, to own a one fourth Interesr. in the r<ti>ck of the I'eoria Jt I'eklii
Union. To be a reorganization •iiid consoll(lati(>n of the 'lilc. I'lori.i
& St. L. RR. and Ht. L Chic. A St Paul UK., per plan lu Vol. 63, p. 722.
Of the $2,000,000 iirlor Hen Ahlii bonds. $7.50,000 wl be reserved for
future extensions. Improvements, etc., all the remainlMg anthorlzea
secarities shown In table above to be Is^iiiable for r •organization purposes. Stock, common, $3,000,000; preferred, $3.750,00o. For year
18ij7-9* total Kro-is earnlntrs, $1 ,1 S7, 170. INtliiiatc In plan
gro^s,
$1,200,000; operating expenses, $!KK>.<K»n; taxot and rental". $7.').000;
fixed charges, $156,250( balauie, $68,7.50. V. 6f p. 976.
1
:
,
In Blay, 1899, more than 87 per cent of the Ists and a largo majority
of each other class of securities had beea deposited and the plan was
declared operative. vV. 68, p. 976.)
St. Louis Peoria A; ^or. Ry.— See St. Louis & Nor. Short Line.
St. Louis
('See Ka/).;— Embraces:
San Francisco
Miles.
Lines owned
Began op. in 1898 (earns,
584
separate)
Milet.
St. Louis, Mo., to Paris, Tex.
&
—
RR.—
—
Monett, Mo., to Sapulpa, I.T.
Pierce Ciiy,Mo.,toWlchita,K.
Branches
to Bolivar, etc
to Cale, Kan
Beaumont
& Ark. RR..
Sapulpa to Oklahoma City...
St.
Louis Salem
157 Kan. City Osceola & So. June.
217
Kan. City, to Bolivar, Mo... 147
208 Kansas Midland Ry.—
62
Wichita to Ellsworth, Kan. 105
54 Kan. City Sub. Belt to K. O.
4
103
Total owned Feb .1999
1,385
Total system (of which 1,385 m. in 1899, earnings below)
1,641
Organization— Organized June 30, 1896, to succeed to the property
and franchises of the Railway company sold In foreidosure and reorper plan in V. 62, p. 829 and 1140— see also p. 742. Central Division
of Atl. & Pac, 112 miles, was purchased in July. 1897.— V. 65 p. 150.
K. C. Osceola & Southern RR. and Kansas Midland Ry., operated
from Sept. 1, 1893 (the latter for account of receiver). V. 67, p 372.
The Kansas City Suburban Belt terminal aflfords an entrance Into
Kansas City. The St. Louis A Oklahoma City Ry. Co.. Sapulpa, Ind.
Ter., to Oklahoma City, 103 miles, was purchased in 1899, formal
possession being taken on March 31.— V. 68, p. 332, 674.
Stock and Voting Trqst.— As prote-jtion to the new mortgage
bonds, all classes of stock (except shares to qualify directors) are
John A Stew.irt, Louis Fitzvested in the following voting trustees
gerald, J. Kennedy Tod, Isaac N. Seligman. benlamin P. Cheney, Sam(".
uel
Eastman and James A. Blair, to be held by them and their
successors jointly for Ave years, and for such further period (if any)
as shall elapse before the first preferred stock shall have received a 4
per cent cash dividend for two consecutive years, although the voting
trustees may, in their discretion, deliver the stock at any earlier date,
but not in any event prior to Jan. 1, 1902, save with the consent or
the holders of at least two-thirds in amount of the beneflctal Interest
certificates of each class. Voting trust Is dated July 1, 1896,
The new company reserves the right at any time to redeem
either or both classes of its preferred stock at par in cash. Provisions
of the voting trust and preferred stock certificates were given in SupPLE.'HENT of April, 1897, page 6. Common authorized, $29,000,000
isted on N. Y. Stock Ex. to Dec. 14, 1898, $26,443,980.
1899.
Dividends.—
1898.
1897.
4p.o.
4 p. ct.
First preferred
2 p. ot.
Mar., 1 p. 0.
Second preferrred
1 p. ct.
Bonds—The consolidated mortgage (trustees. Mercantile Trust Co.,
N. Y., and Paschal P. Carr, of St. Louis) for .$50,000,000 (abstract in
V. 64, p. 186,) is secured upon all properties and securities embraced
in the reorganization and also all other property hereafter acquired by
use of any of the new bonds. Enough new bonds at the rate of
80 per cent (approximately $39,072,000) are reserved for retirement
of all outstanding iindlsturbeil issues, and the remainder for betterments, equipment, etc, at not over $300,000 yearly. (V. 64, p. 182.)
Soul/iwestern Division bonds are secured on the 112 miles old Central
Division of Atlantic A Pacific purcha.sed in Dec, 1897.— V. 66, p. 83.
Of the $3,462,000 Ce?i<roi DitisioJi 48, $1,962,000 were l.ssued to
purchase the former St. Louis A Oklahoma City RR., 103 miles, on
w hich the bonds are a first purcliaso money lien at $19,000 per mile:
upon the retirement of the Southwestern Division 5s, for which the
remaining $l..''i00. 000 are reserved, the 4s will become a first lien on
112 miles additional.— V. 68, p. 573.
General Finances.— In 1893 $1,500,000 of Ss were issued on S. W.
Division, 112 miles (former A. A P. Cent. Div.), and in April. 1899,
$1,962,000 of 4s on the Central Division, 103 miles, forming the now
line to Oklahoma City. In Feb., 1«9». no lloatinif debt. The $6,000,000 of 6s due carlv In 1900 It is proposed to refund Into 48. Bee ofMclal statement In V. 68, p. 233.
Earnings.— 1 1 months, ) 1898-9.. Gross, $6,639,837; net, $2,462,664
July 1 to May 31.
$1897-8. .Gro.ss, 6,379,688; net, 2,682,977
For Omos. ending Doc. 31, 139H, net, $1,534,444, aitalnst $1,610,694 In 1897; other income, $29,795; charges, $l,150,4o9: sur.. $-113.H30, against $518, '.>76; dividends on 1st pref., .f 100,000, and 1 per
c«!nt paid March 3, 1399, on the second jtrc^ferred, $142,7:^0.
Annijai, Report.— .Second annual report of reorcanlzed company was
given at length In V. 07, p. 631,614. See also editorial p. 6i:f.
1H94-95.
l>^t9(!-97.
1 89.-.-9().
1897-98.
.$6,S86.4«7 .$5,993, 336 $6, 162,0.^5 $(i,(Hl,424
Gross earnings
2,r>;{;),291
Ntit earnlnits.
2,H5(!.3."i3
2,416,507
2,509,703
Total net Income.
2,516,774
2.926.1 18
PajMiieiits — IntfTest
1,994,524
2,037.997
Tax' s
171,257 ) Reortraiil/.ed company
188.404
took possession July
19,92(1 >
.Miscellaneous
13,272
(2%)100.0L.0
Div. on 1st i)ref..(4"o)20O.000
pref..(4%)20O,000 (2%)
100
)
1, IH96.
:
;
.
.
.
,
Div.
on2dprcf
(l';'o)10o,000
MalanoA, surplus.
$326,445
$231,067
126
INYESTOKS' SUPPLEMEKT.
I
Vol.
LXIX.
July, 1«»9
RAILKOAD STOCKS AND BONDS.
]
Subscribers
iv^ill
confer a great favor by sIvIok Immediate notice of any error discovered In tbese Tables.
Bonrf«— Prlnol
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Dae.
Amount
of
of
see notes
Par
Rate per When Where Payable, and by Stock*— \jmX
Outstanding
Road. Bonds Value.
Cent.
Payable
Whom.
Dividend.
RAILROADS.
ffor explanation of
on
St. Louis
8t. L.
(f
column headings, Ac,
tlrst
page of tables.
San Frayici3co—( Concluded )—
& Ban F. col. trust gold, sink, f A. not drawn
.
104
o'
....
Gen. M.. g. (Ist on 36S m.) $7,807,000 are Gs.o*
57
CoUat.Tr.M.onbr'ohea ($20,000 p. m.),gold..c*
option
1,162
New Consol. mort., $50,000,000, gold, no
112
at
par,
g.Ce
o*
Bouthwe-st Div. M. $1,500,000 red.
103
Cent.Blv.l9t M.,f;..$3,462,000,red.at 102>s.Co.c*
145
8t. L.Wlch.&W. Ist M.,red.at 105, gold
. - Ft. 8. &V.B. Bridge Ist M.,g.,dr.at 105,guar.p.&l.c*
....
Bt. Louis Siloam ,t Soi<<A<rn--lst M., $8,000,000, g
....
gt. Louis South ires't^rn—Comiaon stock
- -.
Preferred stock (5 per cent non-cumulattve)
c* 1,222
l8t mort. certlflcates, $16,500 p. m., gold
2dM. 4% Incomes, $10.000,000,non-cum.,gold.o* 1,222
....
Car tnists Nov. 30, 189S
Gray's Pt. Term'l,l8tM.,gu.,p.cfcl.e.g.,S.St...c&'r
SI. Louis Vandalia dt T. fl^au^e— Bond8— See Text.
Bt. Paul dt Duluth—Coraxaou stock
....
Pref 7 per cent stock and scrip subj. to call at par
C
.
-
.
iBt mortgage
2d mortgage
o
c*
1
|
167
167
21
Taylor'sFalls & Lake Sup., 1st M. gu. s. f not dr.o*
25
Dtuuth Short L. IstM, guar.,p.&i.,s.f. not dr'n.o*
12
Stillwater A St. Paul Ist mortgage, gold
St Paul & Duluth con. mort., $5.000,000, g.«J.c* 226
81. Paul Eastern <* Or. Trunk— 1st M., g int. gu.c'
56
St. Paul ifinn. dt Mayiitoba—See Great Northern—
Bt. Paul <t Xo. Pacific—SEE No. P.\cific RR.
15
Salt Lake dt Los A»f/«;fs— Ist mortgage (text).g..c
Ban Antonio <t Aransas Pass— Stock
687
Ist M. for $21,600,000 g., guar. p. & 1. (end.).c*Ar
Equipment trust notes July 1, 1893
a Of which .$753,000 In treasury, b In treasur yjiiuo
,
.
i
,
1880 $1,000
$961,000
1881
1,000
20,099,000
1887
1,000
1,099,000
1896
1,000
a7,141,600
1897
1,000
1,500,000
1899
1,000
1,9(52,000
1879
2,000,000
1,000
1885
1,000
d 304,000
1896
100 Tan '98, none
....
100 b 16,500,000
....
100 c20,000,000
1890
1,000
20,000.000
1890 500 Ac.
9,000,000
1891 various
495,516
1897
345,000
-•
....
1881
1887
1884
1886
1870
1898
1883
1893
100
100
r^oo &0.
1,000
1,000
1,000
100
1893
.30.'
1,000
;
RR.—
—
68. p. 1227.
Gray's Point Terminal Rv. was completed In May, 1898, from Delta
to Gray's Point. 15 miles; Jts $345,000 of bonds at $15,000 per mile
are guaranteed by the St. L. Southw., principal and interest. St. L. So.
W. owns aU capital stock.- (V. 65, p. 413.)
General Finances.— In
Feb., 1899, $1,000,000 additional 4 per
cent income certificates sold for improvements and betterments,
making total listed $9,000,000, and all the fioating debt.— V. 68, p.
279, 283.
Earnings.— 11 mos., ) 1898-9. ....Gross, $5,458,490; net, $1,578,773
Julyl toMaySl.
51897-8
Gross, 4,943,893. net, 1,111.881
Anhxtal Report.— Annual meeting is held at St. Louis, Mo., on the
first Tuesday in October.
Report for 1897-98 was In V. 67, p. 786.
Balance sheet of Nov. 30, 1898, was in V. 68, p. 279.
Tear ending June '30— 1898.
Gross earnings
$5,279,332
Operating expenses... 4,173,328
1897.
1895.
$4,743,546 $4,904,489 $5,217,175
3,855,888 4,132,375 3,977,221
1896.
6 g
6g.
5 g.
4g.
5
g.
4g.
6
g.
6g.
5g.
"i'g.
2 in Ju
6
5g.
300,000
5,000,000
dl8, 892000
129,453
is 98, $14 3,900.
Gleed, Topeka, Kan. Geo. A. Madill, Richard C. Kerens, Daniel B.
Robinson, St. L<nus; Henry K. McHarg.- V. 68, p. 5 73, 674.
See V. 63, p. 30.
St. Louis Mloam A: Southern
St. liOnlsi Soutliivestern Ry.— Road extends from Bird's Point,
Mo., opposite Cairo, 111., to Texarkana, Tex., 418 miles, and thence by
the Texas road to Gatesvllle, 305 miles; total, main line. 723 miles;
branches. Mt. Pleasant to Sherman, 110 miles; Tyler to LufMn,
83 mUes; Corslcana to Hillsboro, Tex., 40 miles; Commerce to
Fort Worth, 97 miles; Lewisville, Ark., to Shreveport, La., 60 miles;
Altheimer to Little Rock, Ark., 42 miles; Maiden, Mo., to Delta. 51
mUes: other branches, 12 miles; total, July, 1898,1,223 miles. Has
trackage rights to Cape Girardeau, 15 miles: also from Wy)ie, Tex.,
to Dallas, and Wolfe City to Sherman. Gray's Point Terminal Ry.,
Delta to Gray's Pt.. 15 miles, completed in Oct., 1898.
OROAinzATioN'. Reorganization per plan in V. 50, p. 141, 561 of 8t.
Loois Arkansas A Texas, sold In foreclosure in October, 1890. Consists
of three corporations— the St. Louis Southwestern Railway Co., the St.
Louis Soutnwesteru Railway Co. of Texas and the Tyler Southeastern.
In May, 1899, The purchase of the Tyler Southeastern by the St. Loni.s
Southwestern Ry. of Texas was authorized.—V. 68, p. 1026.
Bonds. — The first mortgage certificates are Issued against a like
amount of first mortgage bonds secured upon the con.stituent lines at
a rate not exceeding $16,500 per mile, and the second mortgage certificates against second mortgage bonds at $8,250 per mile. First interest payment on 2d mortgage incomes, 2 p. c., made July 1, 1899.— V.
5&
4,660,207
4,099,532 7 in 1898
5
1,000,000
2,000,000
5
210,000
6
500,000
5
209. .500
7
1,000,000
4 g.
1,120,000
6g.
1,000
1,000
1,000
1,000
Officers— D. B. Robiuson, President; B. F. Yoakum, Vice-President
and General Manager; Frank H. Hamilton. Secretary and Treasurer.
Directors— (Nov., '98) J. K. Tod, Isaac N.Seligman, J. A. Blair, E. C.
Henderson, Fred'k Strauss, of New York; Benj. P.Cheney, Richard
Olney, of Boston, Mass.; Samuel C. Eastman, Concord, N. H.; Charles
S.
c$
$1,106,004
$887,658
P. c. op. ex. to earns..
(79-05)
Tot. net, incl. other inc. $1,1 14,911
(81-29)
.
Taxes
Interest on bonds
Rentals, etc
$891,242
121,485
800,000
32,944
131,007
800,000
26,613
$772,114 $1,239,954
(84-2(5)
(76-23)
$782,192 $1,264,273
128,552
117,729
800,000
800,000
31,490
40,3.54
Balance
Rur..$157,291 df.$63,189 '1f.$177,850 8r..$306,190
President, Edwin Gould.- (V. 68, p. 279, 283, 573, 1026, 1227.)
St. Louis Vandalia Sc Terre Haute
Pitlsbr'>9«;e Map
Oinein. Chic, dt St. i.;— East St. Louis to Indiana State line, lo8 milesLEAS'i.— Leased for 999 years from 1870 to Terre Haute A Indianap
RR. at rental of 30 per cent of gross earnings— profits and losses as',
signed to lessees In proportion of five-sevenths to Pittsburg Cin. Chio
A St. L. and two-seventh.s to Terre Haute A Indianapolis. V. 54, p. 846'.
RR.—
Capital .Stock.— .Stock, $2,379,358 common and $1,.544,700 of 7
per cent cunnilatlve pref.; par $100. Tlie Terre Haute A Indianapolis owns .^rrj*;. 000 preferred and $500,000 common stock, the Pennsylvania KK. $837,0(>0 preferred, and the Pennsylvania Co., Doc,
1898, 1,3.50.000 common and .$:{H1, 700 preferred. In 1891 and 1892
back dividends on preferred were paid for 1879 to 1884; for 1885,7
p. c. In 1894; for 18>*6, (No. 9) 7 p. c. In 1895; for 1887 (No. 10), 7 p. c;
In Feb., 1896; in 1897, none In 1898, none.
Bonds.—The first mortgage bonds due Jan. 1. 1897 ($1,896,000),
were purchased at maturity by the Pennsylvania RR. Co. V. fit, p.
420. The $2.»)00,000 second mortgage bonds were purchased .Mav 1,
1898, by Pennsylvania Company. V. 6«, p. 761, 811
V. 08, p. 477.
Annual Report.- Report for year 1897-8 In V.68, p. 667, showed
& A. N. Y., United States Tr.
4 J. N. Y., Mercantile Trust.
A. & O. N. Y., Union Trust Co.
J. & J. N. v., Mercantile Trust.
A. &0.
do
do
do
A. & O.
do
M. & 8. N. \., Mercantile Trust.
do
A. & O.
do
M. & N. N.Y.,U. S. Mort. A Tr.
F.
J.
m!
AN.
ly,
1899 N.
N. Y., Central Trust Co.
Y'., Merc. Trust Co.
Various N. Y., Central Trust Co.
J. A D. St.L.,8t.Loui.s Trust Co.
M.
A
N.Y., Of., 32 Nassau
do
do
do
A.
do
St.
8.
J.
J.
J.
A
A
A
A
A
A
A
do
do
do
do
D.
do
D.
J. Ottice.C. AN.W.,52 Wall.
6g.
J.
A
J.
"'i"g.
J.
a" J.
106,350.
F.
A.
J.
M.
do
do
do
do
do
O.
J.
8.
d $1,0
Salt
Lake
City.
N.Y., Cent. Trust Co.
Aug.
July
1920
1931
1987
1996
1947
1929
1919
1910
1946
1.
1,
Oct. 1,
July 1,
Oct. 1,
Apr. 1,
Sept. 1,
Apr. 1,
Nov. 1. 1989
Nov. 1 1989
To 1903
Dec. 31, 1947
.Tuly 5.
1887
Mar.l,99,3J«%
Aug. 1, 1931
Jan,
1,
1,
1,
1917
1914
1916
1900
1968
1913
Jan.
1,
1913
Jan.
1,
1943
Oct.
1,
1,
Jan.
Sept. 1,
Deo.
June
00,000.
by consolidation; Stillwater A St. Paul RR., 13 miles; Taylor's
Falls A Lake Superior, 20 miles Duluth Short Line, Thomson to West
Superior, 18 miles leased, 19 miles; total, 245 miles. Second track,
17 miles. Between Carlton and Duluth, 24 miles, road is owned
jointly with the Nor. Pacific, but the 14 miles between Thomson and
West End are little used, the Duluth Short Line affording the St. P.
& D. access to Duluth. Uses Minn. A St. L. terminals at Minneapolis.
History.—Sold in foreclosure May 1, 1877, and reorganized.
Capital Stock.— From the earnings of the railroad the preferred
stock has a prior right to 7 per cent yearly, then common to 6 per
cent, any surplus going to retirement of preferred. The preferred
stock is also received in payment for lands at par, and is entitled to
receive from land sales any part of its 7 per cent dividend yearly for
which railroad earnings do not suffice. The preferred is subject to
call at par for redemption with land sales, after drawing by lot. If not
Surchasable below par in the open market, the sums applied to its reemption and retirement being as follows: In 1891, $182,000; 1892,
$226,000; 1893, $165,000; 1899, $691,300. Three shares of common
stock have one vote and each share of preferred has one vote. The
$690,776 due the land and stumpage fund was restored in 1898
through sale of consols and applied to reduction of preferred stock.
;
;
-V.
67, p. 1309.
'99.
1884. '85-'88. '89. '90. '91-3. '94 to '97. '98.
\^^ 7 yr'ly. 5^2 Q^ 7 yr'ly. 5 yearly. 7 Mar.,3'4
On common— In 1887 3 and 15 in common stock And 7 % stock
Bonds.—The consolidated mortgage of 1898 is limited to $5,000,000.
of which $3,000,000 reserved to retire at maturity a like amount of
first and second mortgage bonds due in 1917 and 1 931. The remaining $2,000,000 are applicable (1) to retiremeat of the $919,500 branch
line bonds; (2) to restoration of $690,776 to land and stumpage trust
fund; (3) to air brakes, reduction of grades, new equipment, etc.— see
V. 66, p. 338, 761; V. 67, p. 734.
Consols for $1,000,000 were sold In
Jan., 1899, and $690,776 cash restored to land and stumpage fund.—
Dividend.?.On pref.— p. c.
)
s
V. 68, p. 131,189.
Lands.—The company has a land grant, of which 939,576 acres remained unsold June 30, 1898, and 57,952 acres of the Taylor's Falli
branch grant. In year 1897-98 sales from company's grant were
48,582 acres for $201,466, and gross cash receipts were $249,664 (of
which $133,823 from stumpage); net income, $204,053.
Latest Earnings.— 11 mos., \ 1898-9.Gross, $1,639,808; net, $496,325
July
1 to
May
31.
}
1,530,887; net, 404,049
30. Annual meeting at St.
for 1897-98 in V. 67, p. 734.
1897-8. Gross,
Annual Report.— Fiscal year ends June
Paul second Thursday in October. Report
Tear end. June ZO—
1898.
1897.
Gross earnings
$1,648,635 $1,564,104
1,203,051
Op. expen. and taxes. 1,221,995
Neteamlngs
Net earnings
197
Net Income from RR.
do lands.
do
Rentals paid
Interest on bonds
Miscellaneous
$426,640
$462,238
157,001
135,164
150,000
810
$361,053
$420,946
104,418
134,558
1.50.000
14,604
1895.
1896.
$1,587,863 $1,423,307
1,280,524
1,060,915
$307,339
$385,439
242,483
130,819
150,000
53,523
$362,392
$402,6?0
116,652
119,944
150,000
68,003
$181,355
BaL over charges.. $333,265
$293,580
$226,197
Dividends on pref... (7) 335,307 (5)239,505 (6)239,505 (5)239,475
-'V. 66, p. 333,761; V. 67, p. 275, 734, 1309; V. 63, p. 131,189, 233,
475.)
VLy.—fSce Man Chicago dt
St. Paul Eastern Grand
N. Tr.;-Owns from Oconto to Clintonville, Wis., 56 miles. Leased
Oct. 30, 1894, for 99 years to Milwaukee Lake Shore A Western.
Rental 30 per cent of gross earnings, interest on l)onds being gvuiranteed.
Lease acquired Aug. 10, 1893. by Chicago A North Western
through purchase of Milwaukee Lake Shore A Western.
St. Paul Ac. Northern Pacific
Merged in Nor. Pac. RR.
Salt Lake 6c I^os An<;e1oN
Road from Salt Lake to Saltair Beach, Utah, 15 miles, standard gauge— see V. 65, p. 824. Stock
$150,000. In 1898 $300,000 first 6swere outstanding. For year endliig
June 30, 1898, gross, $41,780; net, $16,770, against $5,633 in 1896-97;
charges, $20,628; bal., deficit, $3,858.— V. 65, p. 824.
Trunk
Ry.—
RR.—
:
;
:
Tr.fnd.0et.31.
Gross.
1898
$1,708, (5.'!9
1897
Oper'iitTp'H.
Set.
lUnlal.
$1,220,*<33
$487,800
$512,592
452. -JH!)
Of $514,127 In 1898 were: Taxes, $(;7,769; Interest, $218,810; car trusts, etc., $36,951; balance, surplus,
•190,564.
IX)SH to lessee In 1894-95, $247,902; loss In 180.5-06,
$297,280: loss In 1 896-97. $192,565 loss In 1897-98, $24,785.-(V. «6,
p. 811; V. 67, p. 1305; V. 68, p. 6«7.)
St. Paul Sc
Owned St. Paul, Minn., to Duluth, Minn.
155 mt>« C.pss 9 miles not oper); branches, 29 miles; to be merged
1.507.4(52
1.217,789
The payments from Income
;
DuInthRR.—
2.59, (573
San Antonio &. Aransas Pass Ry.— Owns from KerrvlUe to
Houston. 308 miles; Kenedy to (Corpus (;iirlHtl, Tex., 90 miles Yoakum to Waco, 171 miles; Skldmore to Alice, 43 miles, Shiner to Lookhart, 54 m.; branch, 21 m.; total, 687 m., all 50-lb. steel.
History.- Reorganlzeil without foreclosure sale in 1893, management passing to So. Pao., which owns $2,000,000 stock.
Bonds.- Mortgage Is for $21,000,000 (trustee. Central Trust Co.)
and the Ho. Pacific Co. by endorseniont on each bond guarantees unconditionally " the punctual |>a.viitent of the principal and Interest."
Bonds for $2,700,000 reserved for extensions, llmlUiil to 100 miles
See full abstract of mort. In V. 56,
at $27,000 per mile, enulpped.
;
Iinproveiiicnt Co. June 30, 1«9H, $1.H17,3.57; car
LiHtodon N. Y. Htork Ex. to Jan., lM!)<t. $18,880,000.
Latest Eaumncs-II mos. > 1898 9 Gross, $],90l,9«0; net, $470,216
1,910,210; net, 517,7.33
July 1 to May 31.
J 1897-8 Gross,
p.
540.
I'liclfic
tr usts, $129,453.
—
128
SUPPLEMENT.
INVESTORS'
Sabscribers will confer a
e'f'^B.t
Miles Date
explanation of column headings, &o., see notes
Size, or
Par
of
of
Road. Bonds Value.
on first page of tables.
San Antonio <t Oulf RR.—BonAs., $15,000 p. mile..
22 1888 500 &c.
San Diego Onyamaca cC Fast'n Jty.— 1st mort., gold
Satidusky <t Columbus Short Line.— Ske Columbus Shaw NEE & HOCKIN
116
116
fandusk'y ifans/ield <£ JVeica>"A-—Re-organlzed stock
l8i.M..int. gn. underlease byB.&O.andCent.O.-.c*
6anford<eSi. P'fixrir— lstM.,$l,000,000,g.not guar
guar. p. & i., end. S. F. &
Do
San Francisco <f Xorth Pacific— Btoc'k
IstM., gold ($4,500,000). V. 69,p. 181..ITIe.*c&r
Cal. Northw., 1st M, $1,500,000, g., gu.p.<fei.,8.f.
W
1869
1894
1894
26I3
10
1893
1,000
'in
1887
1,000
John's River Div., 1st M., $1,,500,000, g....c*
Oiiaranteed Loans.
Brunswick & W. 1st M. Bruns. to Albany, g, gu.c*
Income bonds, non-cumulative
Ala. Midland, 1st mort., guar. p. & i., end. g..xc
Silver Springs O. & G., 1st M., int. guar g
c*
,
Florida So. Ist M., $5,000,000,g., gu., 4% aft. '99
& St. Petersb., 1st mort., g., guar., end..
Sanford
IT
Vote.—There are $375,000
additional 4s
I
175
74
....
1888
1888
1888
1888
1895
1894
una naran teed,
a
paid in cash. See B. & O. statement.
E.VRNINGS.— Year ending June 30, 1898, in V. 67, p. 1107, shows:
Gross, $1,113,252; net, $198,1 18. (V.67, p. 688,737, 788, 954, 1107.)
?>anford & !>t. Petersburg Ry.— From Sanford, Fla., to St.
Petersburg, 153 miles; made standard-gauge in 1895. Formerly Orange
Belt Hailway, which was sold at foreclosure in March, 1893. Stock is
$600,000 par, $100. First mortgage is for $1,000,000 of 4 p. c. bonds.
Interest reduced from 5 p. c, of which $675,000 have been issued, and
of these $300,000 are guaranteed principal and interest by end. of
the Savannah Florida & Western (see copy of guaranty in V. 64, p.
843.) Thebalanceof the loan unissued (it325,00', Jan. 1, 1899) is
deposited with the Metropolitan Trust Co., New York, for improving,
equipping and broad-gauging the road. Mortgage trustee, Penna. Co.
for Ins. on Lives & Granting Annuities, Philadelphia. President, E. T.
Stotesbury, Phila. For year 1897-98, gross, $78,866; deficit under operating, $47,936; deductions, $39,943; deficit, $87,929.— V. 64, p. 888.
San Francisco
North Pacific Ry.—Point Tiburon, Cal., to
Uklah, Cal., 106 miles, and branches, 59 miles. Consolidation of March
1889.
Has
19,
steamer connection (6 miles) with San Francisco.
Leased to the California & Northwestern Ry., incorporated in March,
1898. The S. F. & N. P. guarantees $2,000,000 Cal & Nor. 5 per cent
bonds, to be issued at $25,000 per mile. V. 67, p. 370, 688, 788.
Bonds —Issued at .$25,000 per mUe; sinking fund, $25,000 yearly,
bonds drawn at 110 and interest. [Mortgage abstract V. 49, p. 241.]
Stock reported in Nov 18 J8, owned by President A. W. Foster,
Director Geo. A. Newhall and others. V. 67, p. 1111.
Latest Earnings— 12 mo.s. < 1898 9.. .Gross, $921,015; ret, $316,736
July 1 to June 30.
< 1897-8... Gross,
839,9b3; net, 309,785
Annual Report.— Report for 1^97-98, in V. 67, p. 1354, showed,
gross, $839,963; net, .$309,783; charges, $228,048; bal., surplus, $81,will be
;
&
,
(V.67,
p.
1354,
V. 69, p. 181.)
& San Joaquin
Valley Ry.— Owns Stockton
connecting by water with San Francisco, southerly to
Bakersfield, 235 miles; also loop line from Fresno through Visalia and
Tulare to Corcoran Junction. 69 miles. Also under construction from
Stockton to Point Richmond, on San Francisco Bay. opposite San Francisco, 70 miles, expected to be completed about Dec. 1, 1899. V. 67,
p. 842. See also editorial, p 817.
In Dec 1898. the Atch. T. & S. P. acquired all but about $100,000 of the stock, and will use the line as a part of its throuKh system
from San Francisco to the East. V. 67, n 1261. Road was taken
into Atchison system July], 1899. See circular in V. 67, p. 841; V.
Cal., there
,
69, p. 12'».
Securities.- Stock $6,000,000; Issued to October, 1898, $2,474,800.
The sinking fund is 1 p. c. of net profits per annum from Jan. 1, 1916,
to 1921; 2 p. c. to 1926; 3 p. c. to 1931; 4 p. c. to 1936; 5 p. c. to maturity; bonds may bo drawn at 110. Ear.mxgs— For year ending June
30, 1898 (llufi partially completed), gross, $411,079: net, $128,754.
— (V.
65, p. 621;
&
In default.
J.
7
4
4
S.
g-
J.
J.
J.
5g.
J.
5 g.
5 g.
5g.
A.
A.
M.
J.
250,000
120,000 5 (6) g. M.
450,000 7 per an. J.
900,000
5 g. J.
9.432,900 2 Jan.'99
200,000
M.
7
4,056,i»OO
6g. A.
2,244,000
7.086,000
1,350,(00
5
V. 67, p. 635, 841, 1261; V. 69, p. 128.
Santa Fc Prescott & Phoenix Ry.— CSee Map.)— Owna Ash Fork
on Santa Fe Haciflc (Atch. system), via Prescott to Phoenix, Arizona,
198 miles: opened in March, 1895. Prescott to Mayers, Ariz., 25-8
miles, being l)uilt under charter of Prescott & Eastern, was completed
in Oct., 1898, and has been leased and its $345,000 b(mds guaranteed,
issued to cover actual cost of construction, were, in Mar., 1899, in the
treasury of S. F. P. 61 P. V. 67, p. 631, 635. Extensions of main line
to Tempo and Mesa, 17 miles, also proposed in i^ept., 189S. Stock,
.$7,904,000. First mortgage is for $5,000,000; Mercantile Trust Co.,
New York, trustee; 2d mortgage trustee. Central Trust Co., N. Y.
The road is tax exempt by legislative enactment for 20 years from
1894.
Tlie interest char^'es on Ist mortgage bonds
amount to
$247,000 per annum, after payment of which the surplus earnings
may be used for improvements, etc., as provided in a contract with
the 2d mortgage bonds under which substantially all of the 2ds have
been deiiosited with the Central Trust Co., N. Y., against its certifi-
5
4
3,000,000
3,000,000
2,800,000
1,120,000
4,241,000
3I2-4
11300,000
4
All so Id to be issu
.
San Francisco
Whom.
Dne.
Stocks— LiBiBt
Dividend
July
1,
1918
J.
J.
J.
Feb.
Jan, .'97, pd. Dec. 15,'97 Jan.
Philadelphia, Pa.
Jan.
Jan.
1,
1,
1,
1,
1896
1909
1924
1924
J.
N.Y.,46WaU,& Fr'nk'frt Jan.
O.
O.
Apr.
1,
1,
1,
1,
I,
1919
1928
1940
1942
1943
J.
Feb.
6,000,000
4,940,000
2,964,000
500&C.
1,000
1,000
1,000
1,000
Annual Report.— Fiscal vear changed in 1897 to end J une 30. For
year ending June 30, 1898 (V. 67, p. 1205), gross, $2,021,835; net,
$514,430; interest on bonds, etc., $808,390; taxes, $66,907; balance,
deficit for year, $360,867. In 1896 97, gross, $2,208,490: net, $669,603. (V. 63, p. 151; V. 65.p. 922: V. 67, p. 1205.)
San Antonio &. Gulf UK..—San Antonio to Stockdale, 37 miles.
Successor in April, 1397, to San Antonio & Gulf Shore Ry. Capital
Btook authorized, $1,000,000, issued Oct 18P8, $32,000. In Out., 1898,
was owned by a syndicate, and bonds had been issued, and there was
no floating debt. The Texas RR. Commission has approved the issue
of $250,000 bonds. President, George W. Breckinridge; Secretary and
Treasurer, John A. Eraser, San Antonio, Tex.— V. 64, p. 708.
Sandnsky inCansfleld & Ne^vark RR..— Owns Sandusky, O., to
Newark, O., 116 miles. July, 1897, interest was not paid. President
John Gardiner and Vice-President J. O. Moss are receivers, but road
operated by B. & O.
frotictive O'mmittee 1st 7s.— Jay O. Moss, Chairman; depositary
Union Trust Co., New York. (V. 65, p. 1116.)
Und' r the B. & O. plan, in V.67, p. 688, and endorsed by the committee named above, each bond deposited will receive $1,140 in B & O..
Pitts. June. & Mid. Div. 1 st 3 i^s and each $100 of stock $100 in B & O
preferred; upon completion of reorganization the coupons matured
735.
a
1,000
1,000
1,000
1.000
1,000
'
171
6 g-
(?)
100
1869
1884
545
I 1884
819 1893
130 1899
58
8av. Fla.
St.
$550,000
1,080,600
2,300,000
375,000
300,000
6,000,000
4.061,000
100
it Schenectady- Stoc^ (rental guiirant'd).
Marie Bridge— 1st M., g., s.f ..dr'n at 110. c
Savannah Florida <£ Western— Stod
c
So. Ga. <fe Florida 2d mortgage
Payable
pal, When
by
1.
&
&
&
&
&
&
&
8.
J.
&
N. Y. and San. Fran.
N. Y. Mer'tile Tr. Co.
Oct.
Sept.
July
see text.
Saratoga
Ste.
Cent.
Bonrfs— Princi-
G.
100
c*
INTEREST OR DIVIDENDS
Rate per When Where Payable, and
None Oct '98
1,000
1,000
1,000
1,000
1,000
—
& W., Ist (consol.)M., $6,500,000.g.c*&;r
do
do
(V. 64, p. 1228) int. red. to 5 p. ct.c
Sav Fla. * W. consol. M. (.*20.000.000) gold...c*
Outstanding
50
1889
1898
1896
1892
1893
1898
165
60
374
198
198
(i San Joaq.Yal.— let M.,g.,call aft.l915.]?Ie.c
Santa Fe Pres.<£ /'/i«'nia'-l8tM.,$5,000,000,g.ITIe.c*
2d mortgaee, gold. (Cent. Tr. bcnellcial certfs.) ..
Prescott & East., Ist M., $500,000, p. & 1. gu.Ce
Saranac d- Lake Placid Stock
by lease (end.)Ce
Amount
100
S.Fr.
Sault
LXIX.
favor by giving; Immediate notice of any error discovered In these Tables.
RAILROADS.
1st M.,$120,000,ffold, int. gu.
[Vol.
g.
g.
g.
\.
M.
.T.
J.
i'5g. M.
4
g.
g.
J.
J.
J.
& N.
& J.
& J.
& N.
& O.
& O
& N,
&
Albany, N. Y.
July, 1895, 2
N.Y., 21 CortlandtSt. May 1. 1913
Troy, United Nat'l Bk. July,'9&,3ifl%
N. Y., Nat'l City Bank. July 1, 1937
N. Y.,Ofl.,12W. 23dSt. Jan.15,'99,2%
do
do
do
N. Y.,
& Savan.
do
do
"do
do
&
&
&
Apr.
Apr.
May
July
J
&
&
Sept, 6,
J.
do
do
None
paid.
N. N. Y.. Metropol. Tr. Co.
N. Y., 12 W. 23d St.
J.
.1
New York City.
J.
1,
1,
1,
1,
1899
1934
1934
1943
1934
Jan. 1, 1938
Irredeemable.
Nov.
July
Jan.
Jan.
1,
1,
1,
1.
1928
19X8
1945
1924
ed for co nstructi on: $2,671.000is8. Jun e 30, 1898.
cates of beneficial interest. See official statement to N. Y. Stock Exchange on listing of ,$4,9 40,000 1st 5s in V. 68, p. 326.
Latest Earnings —11 mo.s., ) 1898-9. Gross, $795,089; net, $375,403
net, 359,101
July I to May 3 1.
«j 88,790;
5 1897-8. Gross,
Earnings.— Fiscal year ends June 30.
1898.
Tears ending June 30 Gross earnings
$746,686
Operating expenses
365,270
Per cent of op. exp. to gross
47 80
Net earnings
$399,416
:^65.560
Interest on bonds
1897.
1896.
$656,708
313,214
47-69
$313,494
$574,752
272,984
3.'^0.^72
305.240
47.50
$iU 1,768
sr.$33,»o6
def. $7,ci7o
dec $3,4.2
F. M. Murphy, Pres., Prescott, Ariz.— (V. 68, p. 86, 326, 872.
Balance, surplus
liaranac Jlc
Lake Placid, N.
Lake Placid RR.—Owns
Y.,
from Saranac Lake to
10 miles; operates under conti-act N. Y. Central"
Saranac branch, 5'6 miles total operated, 15-6 miles. December 19,
1896, leased to Chateaugay RR. and Chateaugay Ore & Iron Cos.
jointly for 17 years, and interest on bonds reduced from 6 to 5 p. c;
rental 35 per cent of its gross receipts and one-half net profit from
transfer business at Lake Placid— at least $7,200— to pay 5 per cent
interest on bonds, which interest is guaranteed jointly at 5 p. c. to and
including Nov.
1913, by endorsement. Stock, $250,000 (par $100.)
Dividends.— In 1893, 3 p. c; in 1894, 2 p. c; in 1895, 2 p. c. For year
ending June 30, 1897, gross, $17,231; net, $7,003; int. and taxes,
$9,074; balance, deficit; $2,071.— (V. 64, p. 182.)
Saratoga Sc Schenectady.— From Saratoga to Schenectady, 21
miles. Leased in perpetuity in 1861 to Kensselaer & Saratoga and
lease assigned to Del. & Hudson Canal, by which it is operated.
Rental, $31,750 per year. Stock, $450,000. Dividends, 7 p. c. yearly.
Sault Ste. Marie Bridge.— Own Sault Ste. Marie Bridge, inolud
ing 6,421 leet of main track. The Canadian Pacific, Duluth South
Shore & Atlantic and Minneapolis St. Paul & Sault Ste. Marie RR. cos.
agree to pay for use of bridge an amount equal to operating expenses,
iind interest and sinking fund of debt. Mortgage, $1,000,000; sinking
Stock. $1,000,000
For year 1-97-8 gross
fuud. $5,'Ti0 vearly.
earnings, $59,272 net, $51,321. In 1896-97, net, $51,905.
Savannali Florida & Western Ry.— Operates from SavannahGa.,to Tampa, Fla., with branches to Bainbridge and Albany, Ga
and Jacksonville, Chattahoochee and Gainesville, Fla.; also Jacksonville to Sanford, Fla., and branch (part of former Jacksonville Tampa
& Key West, purchased under foreclosure Apr. 4, 1899), 130 miles;
total owned; 856 miles; leases 33 miles. Total mileage, 889.
Plant System.—This road belongs to "Plant system." which is described under that title. April 1, 1893, the South Florida was conaoli.
dated with the Savannah Florida*, Western. In 1894-95 purchased control of Florida Southern, 247m., and Sanford <& St. Petersburg. 152 m.
The main line of the Jacksonville Tampa & Key West, 130 miles,
was purchased at foreclosure sale Apr. 4, 1899, in interest of system,
giving a through line from Tampa to Charleston via Jacksonville.
;
1
,
;
,
V. 68, p. 672.
Stock.— During 1893-94 increased from $6,793,900 to $9,412,900.
Bonds.—The flr.st consols of 1884 ($6,500,000 authorized) area first
lien on 487 miles and a second on 58 additional, and upon retirement
$200,000 So. Ga. & Flor. bonds, maturing Sept. 6. 1899, will be a
lien on 545 miles at about $12,000 per mUe, $464,000 So. Ga. &
Flor. 1st 7s having been paid at maturity, Jan. 15, 1899. V. 68, p. 86,
V. 64, p. 954, 1228. Of the $20,OuO,000 consols of '93 sufficient are
reserved to retire all prior liens and for betterments extensions, etc.
Of the *1, 500.000 St. Johns' River Division 1st 4s (City Trust Co. of
JN. Y., tru.stee, covering the line from Jacksonville to Sanford, $150,000 are reserved for improvements, branch lines, etc., at $50,000 per
year, beginning 1899. V. 69, p. 132.
of
flr.st
Dividends.—
Since '86,
%
$2402
)
642
'96 to '98.
'87. '89. '90. '91. '93. '94. '95. 96.
"
Latest Earns.-10 mos.
July 1 to Apr. 30.
Tear ending June 30
Gross earnings
<
1
31^
1898-9.. Gro.ss, $3,294,0 '=;
1897-8 Gross, 2,854,459;
1897
$3,260,343
126,378
^
Otherlncome
960,992
1,047,643
Net receipts
898,662
Interest, taxes, etc
62.330
Surplus for ur Idends
-V. 66, p. 473, 518; V. 68, p. 86, 672; V. 69, p. 82, 132
1898
)
djo -rco 0^=;
*d,7bAyt).'5
&
'99.
Jan., 2
net, .$752,099
632,350
net,
1896.
$3,264,320
170,198
907,353
S96,462
10,891
Dnanesburg.- From Quaker Street Junction,
Schenectady
N. Y., to Schenectady, N. Y., 14 miles. Leased in perpetuity to the
Del. & Hudson Canal. Rental, $30,000 per year. Stock, $100,500.
Owns from High's Farm, near ReadLehigh
Schuylkill
ing, Pa., to Slatington, Pa., 44 miles. In 1883 leased to Phila. & Reading RR. for 999 years and in 18^0 lease assumed by Fhila. & Reading
Ry. Rental, $27,000 per annum. Reading owns the stock ($600,000)
and $400,000 second mort. First 4I2S were guar. -V. 66, p. 901.
Owns Palo Alto to
Schuylkill Valley Navigation
Reevesdale, Pa., 16 miles; second track 5 miles; total all track 27 miles;
Leased for 999 years from July 25, 1861, to Phila. & Reading RR.
Lease assumed in 1896 by Phila. & Reading Railway Co. Kental
$29,450, which pays 5 p. c. on stock and State taxes.
&
RR.—
& RR.—
EAILROAD STOCKS AND
July. 1899.]
#^
^-rv
A Av~T-
iv,
^%i
/
^
•
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'•§
129
BOliDS.
I
l.»l.:.J^ SANTA FE,PRESCOTTi
>>f >\
L
/
n
.
fr-;
RAILWAY
PHffiNIX
AND CONNECTIONS.
y»*^'7''acate^
Sto.
,,fc
Domingo
Fuirba,^
c
^
o
G f v. /
I
CALIFORNIA
> BOti£ Ci-f
O R
G O N'XJ_J)j_A
C
H Ol
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MAP OF TMK
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new/mexico
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PHCENIX RAILWAY
AND CONNECTIONS.
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t
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130
SUPPLEMENT.
INVESTORS'
LXVIII.
[Vol.
confer a sreat favor by giving Immediate notice of any error discovered In these Tables.
Bond*—Princ 1RAILROAD».
INTEREST OR DIVIDENDS.
SubscrlbeMi
ivlll
Miles Date
*"or explanation of column headings, &c., see notes
on first page of
Schtiylkill
rf
RR
rf
I
tal.
of
Po«srt//e— Stock, guar, by Nor. C.
o
mortgage, gold, on road and lands
tS/iaron— Stock ($500,000) 6 p. c, guar, by rental..
c
1 Bt mortgage, gold
S/ireteport <t Red River Valley— ist mort., gold
^Sierra Ry. (of Cal.)— 1st M., gold, $642,000
eUver Sp. Ocala <£ ffwi/— Ist, l.gr. ($15,000 p.m.)g.o^
c&r
Bilveri07i—1 st mort. for $500,000 gold
o*
Siorix City <t Northern— 1st mortgage, gold. Ma.
c
Somerset Railicay -1st mortgage
So. Brooklyn RR. <t Terminal— Viet. mort. notes..
1 St
mortgage
So.Car. <£ Ga. Exlen.—Ut M., $1,800,000, g.Co..c*
South Caroli7ia (£ Ga.— 1st M. $5,250,000, g..Ce.c*
Augusta Soutb'n 1st con. M., gu. p. & i. end., g.c
Sumter Wateree Ist M.,$100,000,g., giiar. N.*c
South Eaten <« J^as/ern— 1st mortgage, gold...F.c
let
<fe
1893
1,000
100
100
81
"ii
1886
1,000
1886 100 &c.
1890-6
66
66
66
31
31
36
36
16
16
"43
74
17
96
1
182
245
84
16
37
1898
1898
1898
1882
1890
1,000
1,000
1,000
50
1871 500 &c.
50
1889
1,000
1,000
1897
1888
1888
1890
1887
1888
1899
1894
1894
1899
1895
i",6o6
1,000
1,000
;
Also has a controlling interest in the Raleigh & Gaston Railroad, 110
miles, and thus in the Raleigh & Augusta Air Line, 136 miles, and Carolina Central, 273 miles; also controls Pittsboro Railroad, 12 miles;
Durham <fc Northern RR., 42 miles; Lounsbury RR., 10 mUes; and the
•Georgia Carolina & Northern, forming extension to Atlanta, Ga.,274
miles; ti tal 01 all, 971 miles. This ie the " Seaboard Air Line " system.
History.— In Jan., 1S99, a syndicate headed by John L. Williams &
3on8, of Richmond, purchased the stock held in the Hoffman pool,
amounting to $832,100 (see V 63, p. 715, 795, 924) at $200 per $100
«hare. V. 6R, p. 41, 131, 283. The same syndicate has acquired control
of the Florida Central & Peninsular (which see), and in April, 1899, it
•was understood was planning to operate their roads in connection
with the Georgia & Alaoama (which see) and the Richmond Petersburg & Carolina (when completed), etc., as one system, extending
Irom Richmond to Florida, etc. about 2,500 miles in all. It is proposed
•to consolidate the above companies under one name.- V. 68, p. 283.
Stock.— Total authorized, $1,500,000; outstanding, $1,144,200 common, $200,000 Ist pref. 7 p. 0. guaranteed and $44,200 is 2d pref. guar.
DrvTDENDS.- On common Nov., 1890, to May, 1892, 7 p. c. per an.;
1892,3; 1893, 2 p. c; 1898, 213; since only on pref.
Bonds.—The debentures after Aug. 1, 1916, are payable at wUl. With
>Kaleigh & Gaston, guarantees bonds of Georgia Carolina & Northern
•<whlcn see) and Carolina Central. V. 67, p. 273.
ANNUAL Report.— Fiscal year ends June 30. Statement for 1897-98
was given in V. 67, p. 948, showing on road proper, 114 miles.
* Gross.
Nit.
Charges. Pref.div. Balance.
Years.
1897-8
$984,352 $418,120 $331,949 $17,094 $f9,077
1896-7
991,021
378,034
305,741
17,094
55,199
Note.— Gross includes other income of $114,787 in 1897-98; $92,312
In 1896-7; $90,202 in 1895-6.
Preeident, John Skelton Williams, Riohmond,Va.— V. 68, p. 620, 826.
Sea C'oatit
See Supplement for April, 1899.
Seattle ic San Francisco Ry. &. Navigation.— See Mis,
RR.—
<3EXLANE0DS Go's.
Seba!<ticook & ITIooseliead RB.— V. 68, p. 1078. On June 24,
1899, A. B. Thompson, of Pittsfteld, Me., was appointed receiver.
Sliamoltin Sanbary &. lietvisburg RR.— Line Shamokin to
West Milton, Pa., with iron bridge over Susquehanna, 31 miles; second
track. 15 miles; total of aU track, 58 miles. Leased to Philadelphia &
Beading RR. July 2, 1883, for 999 years at 6 per cent on the stock,
and lease assumed in 1896 by Philadelphia & Reading Ry. Used for
traffic
northward.
Stock, $2,000,000 (par, $50) $1,995,000
is
owned by Reading Co. and deposited under mort. of '97. (V. 51, p. 21.)
Sbamokin Valley & Pottsville Ry.— ^5ee Map Pa. J2iS.;— Sunbury, Pa., to Mt. Carmel, Pa., and branch, 37 miles. Leased Feb. 27,
1863, for 999 years to the Northern Central Railway Co., with a guarantee of taxes, interest on the bonds and 6 per cent on the stock, of
which $619,650 is owned by the Northern Central. Pennsylvania RR.
owns $48.5,000 7 per cents and $320,000 additional were 'held by the
Northern Central Ry. Co. to cover the depreciation of coal lands.
Sbaron Ry.— Owns from Sharon, Pa., to Pymatuning, Pa., with
branches, 16 miles in all. Leased till April 30, 1982, to New York
•Pennsylvania & Ohio (now Nypano RR) at rental which pays interest on
bonds and 6 per cent on stock. Rental in 1897-8 was $37,101.
Shreveport dc Red River Valley Ry.—Shreveport, La., to
IiOggy Bayou, La., 32 miles, comnleted March 1, 1898. Loggy Bayou
to Couehatta, La., 13 miles, completed in Oct., 1898. Projected to
Clarence, La., making a total of 74 miles, of which 11 miles, Conshatta
to Grappe's Bluff, 11 miles, operated In Jan., 1899, and in July, 1899,
remainder of line to Clarence, La., reported to be about completed.
Stock, $800,000 authorized; paid in, $400,000; par, $100. Bonds,
$800,000 50-year gold 6s (J. <fe J.), $1,000 each, authorized and Issued.
Pres., Wm. Edenborn, Chic, 111.; Sec. and Treas., Clarence Ellerbe,
fihreveport. La.
Sierra
on
Railway
(of Caiifornta).— Owns road from Oakdale,
of Southern Pacific, to Sonora, Tuolumne County, 47 miles,
•opened November 10, 1897. Extension to Summerville, 12 miles,
reported under construclion and expected to be completed about July
Stock authoiized, $5,000,000. Payment of bonds ($642,000,
1899.
40-year 6s) Is provided for l)y sinking fund of 5 per cent on annual net
earnings of road. Also has issued 2d mortgage income bonds at $15,000 per mile. Year ending June 30, 1 898, gross, $103,035 net, $14,line
;
President, A. Poniatowski; Secretary,
Manager, T. S. Bullock,-8an Francisco, Cal.
545.
$500,000
600,000
576,050
50,000
600,000
John M. Bonner; General
Sierra Valleys RR.—Plumas to Clairville, Cal., 31 miles. Exten«lons from ClairviHe to Mohawk, 15 miles, and i lumas to Reno, 25
miles, reported proposed in Feb., 1899. Incorporated January, 1895.
Stock, $945,000; par, $100. Bond.i, $300,000, 6s (A. & O.), due 1915
-Cal. Safe Dep. Co., Trustee. President, Henry A. Bowen; Secretary,
Wm. S. Kittle, San Francisco. Cal.
Sliver Springs Ocala Sc Oulf RR.— Owns Ocala to Invernesp.
with brancn from Gulf Junction (near Dunnellou) to Homosassa, 74
miles. In January, 1893, a controlling interest in stock was acquired by
;tlie Plant Investment Company [see Savannah Florida & Western], and
;
When Where
M.
M.
5
J.
5 g4-5 g.
Whom.
&
&
&
&
Stocks— iMeX
Dividend.
S. N. Y., 21 Cortlandt St.
Sept. 1, 1924
N. Phila. Phil. & Read.RR. Nov. 1, 1902
JiUyl3,'99,2i«
Philadelphia.
J.
,
"0.
Baltimore and Atlanta. Apr. 1, 1923
Nov. 1,'98, 2ifl
Company's office.
June,'99,3i2%
seJni- an.
do
do
July 1, 1926
J.
.1. Bait. ,Mero.Tr. ADep.Co.
Aft. July,1916
F.
A.
Company's office.
A.'
1,144,200
244,200
7
2,500,000
5
690,000
6
193.417
5
350,000
5 g.
150,000
5 g.
600,000 See text.
1,000,000
5
1,000,000
869,450
I'2,000,000
464,600
164,000
4^2 g.
800,000
^^'
642,000
6 g.
1,112,000
4(6)
425,000
6g
1,920,000
225,000
i^100,000
4
1,200,000
5
412 g.
1,092,000
5,250,000
5 g.
400,000
Payable, and by
Payable
4ifl
6
1,000
1,000
1,000
1,000 NoneJyl,'99
1,000
216,000
Seaboard & Roanoke RK.— C5ee Jlfa^.>—Portsmouth, Va., to Weldon and branch, N. C, 81 miles leases Roanoke & Tar River RR. 33 m.
-coal
^^^^
1,000
.
—
Shamokin
Outstandinel^ate perl
outstandlngj
50
—
.
1872
pal.When Due.
Amount
Par
14" 1874 $]00&o.
44
.
Seaboard Air Line Bell Railroad Stock
MeBac*
Ist mortgage
Seaboard d Roanoke— Comiuou stock
M&S;
pref
2d
J&D
Pref stock (1 st pref
c*&r
1st mortgage for $2,500,000
r
Debentures, to be isecurcd by any 2d M
Sea. AirLlneEqu'tTr. ser. A,B &C (i2each)....c*
Sea Coa^/— Prior lien mortgage (.'^350,000) gold
General mortgage, series A ($150,000), gold
General mortgage, series B (.$600,000), gold
c*<ferj
ShamoKin Stuib'ury (6 Leicisbiirg— 1st mort
o*
2d mortgage, gold
.
Size, or
Road. Bonds Value.
tables.
Duanesb.— 1st mort., interest guar..
if^ii^/i— l8tm.,guar. by P. & R.
Schuylkill Valley Xavigatton cC iJJ?.— Stock
^eJuneclady
of
of
&
&
A.'
A.
M.
J.
F.
J.
M.
J.
J.
J.
A.
J.
J.
M.
M.
M.
J.
A.
A.
Dep.Co
& 0. Balt.,Merc.Tr.&
Philadelphia.
&
&
&
&
&
&
&
&
&
&
&
A
&
&
&
&
&
<fe
do
0.
N. PhUa., Phil.
Part yearly.
Apr. 1, 1948
Apr. 1, 1948
Apr. 1, 1948
&Read.RR. May
1,
1912
July 1, 1925
A. Phila., Broad St. Stat'n Aug., '99, 3%
do
July 1. 1901
do
J.
Sharon, Pa.
Mar., '99. 3%
8.
do
J.
do
& Tr. Co.
June 1, 1919
In 50 years.
1937
N. Y., 12 West 23d St. July 1, 1918
Denver, Co.'s office.
Oct. 1, 1908
July, '95 paid Apr., '99. Jan. 1. 1920
Boston & Oakland, Me. July 1, 1917
D. N. Y., Farm. L.
J.
J.
O.
J.
J.
See text.
May
N.
1,
N.y.,Contin'lTr. Co.
N. N. Y., Office, 15 Broad. May "iV
Dec. 1,
D.
do
do
Apr. 1,
O.
N. Y. Ist Nat. Bank.
Apr. 1,
O,
1928
S.
1919
1924
1919
1926
Interest on the $1,120,000 bonds outstanding reduced from 6 to 4 per
cent, and guaranteed by endorsement. Stock, $1,500,000, par $100. The
first mortgage is limited to $3,000,000, but no more than $1,120,000
can be issued on 74 miles; $8,000 bonds redeemed, leaving $1,112,000
outstanding in Oct., 1897. Land grant 13,840 acres per mile, of which
mortgage covers 4,000 acres per mile.
Earnings.-IO months, 5 1898-9
Gross, $243,592; net, $143,662
July 1 to Apr. 30.
Gross, 153,156; net,
68,301
U897-8
Year ending June 30. 1898, gross, $221,211; net, $116,451; other
Ino., $6,061; charges, $59,300; 1896-7, gross, $178,440; net, $91,276.
RR.—
SJlverton
Owns Silverton, Col., to Ironton, 22 miles. In
July, 1899, Alexander Anderson was appointed receiver.- V. 69, p.
132. Stock, $350,000; par. $100. Year 1896-97, gross, $45,206; net,
$20,861; int. and taxes, $29,135.— V. 69, p. 132.
RR.—
Sioux City
Sioux City northerly to Garretson,
Sc Northern
miles. Stock, $1,440,000. Judge Warwick Hough and
Mr. S. J. Beals were appointed receivers in Oct., 1893. Foreclosure
sale expected in 1899. V. 68, p. 86. Unpaid coupons, etc., Jan. 1,
So. Dakota,
96
Coupons due July 1, 1895, were paid in AprU, 'S9.
Latest Earnings.—4 mos., ) 1899
Gross, $102,031; net,.$44,686
Jan. 1 to April 30.
Gross,
$1898
78,586; net, 22,938
Year ending Dec. 31, '98, gross, $289,382; net, $81,105; other inc.,
$10,331; int., $96,000; rentals, $3,133; def., $12,698.— V. 68, p. 86.
Slonx City &. Western RR.— Owns Covington, opposite Sioux
City, to O'Neill, Nebraska. 129 miles. Stock, $2,500,000. A reorganization of the Sioux City O' Weill & Western RR. sold under foreclosure May 26, 1899, to William 8. and Robert E. Tod.— V. 68, p. 1078,
1183; V. 69, p 28. Earnins-s of old company for year ending June 30,
1898, gross, $207,968; net, $64,172; taxes, $16,292. The directors and
officers of the new company include parties identified with the Great
Northern, but sale to the latter was denied in July, '99. President, D.
Miller; Sec. and Treas., Edward Sawyer.
Somerset Ry.— O-wns road from Oakland to Bingham, Me., and
branch, 42 miles.
Road opened in 1890. Capital stock Is $736,649 (par, $100). Loans and bUls payable June 30, 1897, $57,187.
EARNINGS.— Year 1897-98, gross, $67,134; net, $13,193; charges,
$17,040; balance, deficit for year, $3,847.— V. 65, p. 668.
1899, $336,000.
Sonth Carolina
Sc
Georgia Extension
RR.— Owns Camden,
Marion, N. C, 171 mUes Blacksburg to Gaffney, S. C, lO^a m.
Organization.— A reorganization In Sept., 1898, of the Ohio River
& Chhrleston foreclosed. V. 67, p. 635. In May, 1899, a sale of the
stock and bonds was arranged to a syndicate and the road will be
operated independently.— V. 68, p. 873. Stock, $500,000. It has been
proposed to extend the road northerly to Clifton and Spartanburg.
Earnings.- In year ending June 30, 1897, (old co.), gross, $190,572;
net, $28,844; taxes and int.on fioating debt, $14,112.— V. 68, p. 873, 979.
Road.— Owns road from
South Carolina & Georgia
Charleston. S. C, to Augusta, Ga., with branches to Columbim, S. C,
Leases Augusta Southern Ry., Augusta to
etc.; total owned, 245.
Sandersville, etc., 84 miles. Total system, 329 miles.
In July, 1899, the Sumter & Wateree, under construction between
the places named, 16 miles, was about completed.
History, Etc.—A reorganization In May, 1894, of the old South Carolina RR. per plan given in V. 58, p. 867. In April, 1899, control was
acquired by the Southern Ry., wliich leased the road, including the
Aug. Southern, for 30 years to May 1, 1929. Under the lease the
Southern agrees to apply the net earnings of the road towards the
payment of operating expenses, interest on bonds, car trust obligations, etc. The Southern may, at its option, meet any deflcien cy, receiving in return certificates of Indebtedness payable on demand.
S. C.,to
;
RR.—
V. 68, p. 873.
.$5,000,000; outstanding $3,622,500. mostly owned
Car trusts June 30, 1898, etc., $138,742.
Annual Report.— Report for 1897-8 given in V. 67, p. 1106.
Net.
Int. <6 taxes. Bal.,surp.
Tear end. June 30—
Gross.
Stock.- Stock
by Sou'hern Ry.
$352,691
$132,196
$484,887
$1,355,306
438,994
112,207
326,787
1,216,484
President, Samuel Spencer, 80 Broadway, Vew York —(V. 67, p. 318,528, 530, 1106; V. 68, p. 674, 826, 873; V. 69, p. 82.)
Southern Indiana Ry.— Owns Elnora, Ind., to Westport, 102 m.
In May, 1899, extension from Elnora to Terre Haute had been begun.
A reorganization of the Evansville & Richmond KR., soldin foreclosure
March, 1897. Stock, .til ,500,000; par, $100; all Issued. President is
John R. Walsh; Secretary, C. F. Weinland, 185 Dearborn St., Chicago,
1897-98
1896-97
Ill.-V. 65, p. 1173; V. 67, p. 30, 75.
Owns from Cape
4 rkansas
Soutltcrn inissourl
Girardeau, Mo., to Hunter, Mo., 94 miles; leases, branch, 9 miles.
reorganijaStock, $1,000,000; outstanding, $889,000; par $100.
tion for plan in V. 68, p. 233, or the St. Louis Cape Girardeau & Fort
Smith Ry., sold under foreclosure on May 1, 1899.— V. 68, p. 872.
&
RR.—
A
Bonds, Etc.— Of the new first mortgage bonds $600,000 bear 5 p. c.
from July 1, 1899, and the remaining $400,000 for five years
are to be non-cumulative incomes, but thereaft er entitled to 5 p. 0.
Interest
July,
EAILEOAD STOCKS AND BONDS.
1889.]
K K> -=:i?TNL
South Bfrpd
<
/_
i^//
"/ /
Kostori
MAP OF THE
SJ:AB0A1U) air line SYSTE3I
Florida Central k Peninsular System
^^^~(iEOIUilA k ALABA3IA \i\.
AND IMN)PC)SED EXTENSIONS.
"^LijU—S/f^
t
131
"
.
las
UvrVESTOKS'
KA[LR0AD8.
Miles
of
For explanation of column headinss, &o., see notes
189
189
189
guar.byL.&N.
2dmort. gold. s. f. $2,000,000 (owned by L. & N.)
Consol. mortgage (for $10,000,000). gold, giiar.c*
Note to L. A N. (for indebiediiess)
Ho.itlfo. il^ofta wrt— l8tM.,8.f.not dr'u;
—
Sonlh'n Indiana— 1st mort., gold. $1.500.000.. EC
Souihert, Misxoxiri dt ^rAnnsas -Stock, $1,000,000
Ist mortgage, $600,000 5 per cent
do
$400,000 income, 5 years
F.C
aoulh. Pac. Coas<— l8tM.,g.,gu. (s. f. 1912)
Soulhern Pacific OOJ/P.AiVr— Stock($200,000,0U0)
par
Coll. trusit mort., gold, subject to call at
Hteamsliip 1st mort. bonds, 8er. A, $3,000,000...
South.. Pac. of Ariroua— l8tM,ser. A, gold, guar.. c&r
102
94
94
104
—
392
i
(
I
•
to call. ... o*
geries E & F, gold
j
187
8. Pao. Br. Ist M., g., s.f., $50,000 In 1897, not dr'n
c*&r 1,587
So. Pac. gen. mort. ($38,000,000), gold
26
Stockton & Copper. Ist M., g. (guar, by C.P.) .
c*<fcr 1,982
Ist cons. M..gold, s. f. not drn.
do gold, gu..8t p. subj.to call IO7I9, aft. 1905.c ...
Bonds Assumed in Consolidation of 1898.
79
California Pacitic, Ist mort., gold (ext'din 1887)
2d M., gold.gu.p.cfci., end. byCen. Pao.,ext. in '91 114
3d M.. gold, guar.by Cent. Pao. ($1,000,000 are Ss) 114
149
Northern Ry. (Cal.), 1st mort., Infst guar., gold
Cons. M. (.$21,000,000), g., 1st M.ou 225 m.c&r 373
54
Nortberu California, 1st mortgage, gold
Southerf Pacitic of New Mexico— lut M., gold... c&r 167
I
I
.
j^
.
.
a Ap by proposed
Size, or
of
Par
£200
1873
1880 $1,000
1886
1,000
1896
i,oo6
1898
100
500
1899
1399
500
1887
1,000
100
1899
1891
1879
1,000
1880
1,000
100
..
ri875 500 &0.
1875 500 &c.
1 1876 500 &o.
1882 500 &o.
1887
1,000
1888
1,000
1875 500 &o.
1893 500 &c.
1893 500 &0.
.
c&r 392
Series B, gold, guar
do
do
Southern Pacific JJi?.— Stock, $129,455,000 auth.
c*
Ist M., series A, gold land grant..
,,
sink'g fund.o*
Series B, gold
1,045
ftouftllv
i
o*
^^^^^^ ^ * ^' »«14^°} subject.
secured
secured,
.
Date
Road. Bonds Value.
tables.
1867
1871
1875
1877
1,000
1,000
500
1,000
1,000
1,000
1,000
18fe8
1889
1881
Ky.—
Tex.— Operated Independently.
Controlled (also leased by)
So. Pac. Co.
Miles.
Milfs.
Gulf Western Tex.
Iberia & Vermilion
.%
Pac.
Ry
.
Ill
147
RR
16
Louisiana Western RR
282
Morgan's L^. & Tex. RR. & SS..
101
Total
Proprietary
Lines
5..599
Soutn Pacitic Coast Ry
393 Tot'l,de!luc.24a m. leas, to Alch.
Southern Pacific KR. of Arizona
4,357
2,543
Southern Pacific RR. of Cal
1B7 (4t Leased and Operated.
Southern Pac. RR. of New Mex..
Central Pacific RR
1,359
(2) Controlled by So. Pac. Co.—
.
.
Oregon & California
Operated Independently.
Central Texas & N. \V. Ry
Fort Worth * New Orleans Ry...
Galv. Harrisb'K A San Anton. Ry.
Houston & Teras Central RR
Yorli
Texas &
Texas & Mexican Ky
New
Orleans
RR
...
.
lOH
13
40
919
iM
Ml
216
RR
656
..
Total RR. Mileaze June 30, '98.. 7,614
Tot'l,deduc.242ni.leas.toAtch.r,37'.i
New Mex. & Ariz. Ry. and Sonora
Ry. (reported separately).
350
Steamship Line-* (3 440 propriet'y) 3,56-^
Santa Ana Ky. (y. 68, p. 1183)
22
laws of Kentucky, and Known as
.
Organization.— Organized under
the "Huntington" lines, Mr. 0. P. Huntington being President. Under
plan for readjustment of Central Pacitio .securities, the Southern
Pacific will acquire sub.stantlally the entire capital stock of the Central Pacific See that company's statement: also see below,
Peopeietary Lines.— These, with a total mortgage indebtedness
June 30, '98, of $156,983,601. are mo.stly owned— only $16,253,163 out
of thetr total stock of $197,257,552 not being held on July 1, 1898, by
the Southern Pacific Co. " Omnibus Lease," see Sup't of Jan., 1899.
Stock, Etc.— Total stock authorized, $200,000,000. including $67,
275,500 to be exchanged for Central Pacitic stock— see Central Pacific
and V. 68, p. 378, 725; V. 69, p. 13i^. July 1, 1898, biUs payable, $1,425,000.
Bonds.— The fifty-year 4 per cent collateral trust gold bonds to be
l88ued by the Soutbern Pacific Co. in 1899, in conneation with its ac
quisition of the stock of the Central Pacific, are for the total authorized
amount of $36,819,000, and are subject to call at par on six months'
notice. The fir.st issue of $28,819,000 is to be secured by the $67,27^,500 common and $12,000,000 preferred stock of the Central Pacific,
Issuable forthwith. The remaining $8,000,000 can be issued from
time to time only as an equal amount of Central Pacific preferred is
received and added to the collateral, $5,000,000 of this stock being
reserved for improvements and additions on the Cent. Pac. at not
exceeding $200,000 yearly— sf-e Cent. Pac. and V. 68. p. 378.
The new first refunding 4s and 30-year goH S^as issued by the Central Pacific will be unconditionally guaranteed, principal and interest.
General Finances —The issue of $28,819,000 collateral trust bonds
In 1899 for part purchase of Central Pacific stock will iucrease the
Southern Pacific annual charges by $1,152,760, making total net
annual interest charge on account of the Central Pa ific $4,862 760
ae against $4,269,905 for the year ending June 30, 1898, or an iu
crease of $592, S55. Against this increase there was a surplus on the
Central Pacific for the last year, after charging all betterments 10
earnings, of $1,561,463, and a surplus on the Southern Pacific of
$2,823,344, a total of $4,384,807.
Earnings.— 11 mos., 3 1898 9.. .Gross, $51,144,641; net, $18,080,975
July 1 to May 31. U897-8. Gross, 48,532,116; net, 18,834,041
Annual Report.— Fiscal year now ends June 30. Report for year
end'g June 30, '98, at length iu V. 67, p. 839, 844; editorial, p. 873.
RfCHpU—
Miles of
rail
1897-8.
7,371 -98
lines— Propriet'y, 5,357'11: leased, 2,014 "98
Gros" earnings ot proprietary companies
do
do
other receipts
California Pacific RR. Co
Central FdciHc RR. Co
N^w
.Mexii'o
Bo»ids— Pnncl
DueRate per »Viien Where Payable, and by Stocks— LiSidt
Outstanding
',ent.
Payable
Whom.
Dividend.
.NO.K..8T
OR DIVIDENDS.
pal, When
Amount
5»- M. & N. London, Baring Co., L'd May
A. & 0. N. Y. Of., 120 Broad w'y Apr.
F. & A. N. Y., Office, 120 B' way. Aug.
£733.600
$2,000,000
4,330,000
1,588,943
1,000,000
5g.
889,000
5'g.
300,000
400.000
5,500,000
"i'e.
198,464,494 as propo
a28,819,000
4 g.
2,501,000
6
6,000,000
6g.
4,000,000
6g.
100,924,000
12,765,500
6g.
4,643,000
6g.
8,045,000
6g.
5,124,000
6g.
3,533,000
6g.
146,000
5g.
500,000
5g.
6,702,000
5g.
15,152,000
5g.
j.&'d.
J.'&
J.
J ."a
"j..
&
J.
1,
1,
1,
1903
1910
1936
Equit. Trust Co., Chic.
July"l,"l938
New York.
1939
1939
N. Y.. S. Pac.V23 Br'd St. July 1, 1937
sed in 1 899— see text.
F. & A. lstcou.pav'leFeb.1900 Aug. 1, 1949
.T.
& J. N. Y., 23 Broad «i.
Jan. 1, l»ii
J. & J. N.Y., 8. Pac, 23 Br'd St.
Mch., 1909
J.
A.
A.
A.
A.
A.
A.
Mch.
1,
1910
&"o. N.Y.,S.Pao.,23Br'd8t. Apr.
1,
1,
1,
1905
1905
1906
1912
1937
1938
1905
1937
1937
M.
M.
&
&
&
&
&
&
&
&
4l3g. J.
2,232,000
4l2g. J.
1,595,000
2,998,500 3g.&6g. J.
5,156,000
6 g. J.
4,751,000
5 g. A.
1,074,000
5 g. J.
4.180,000
6g. J.
&
&
&
&
A
&
&
.1.
do
do
do
do
do
do
do
do
do
do
0.
0.
0.
0.
0.
do
do
do
do
do
do
do
J.
N.
N.
J.
J.
J.
J.
0.
D.
J.
do
New
Oct.
Oct.
Apr.
Apr.
1,
1,
1,
1,
1,
1,
Oct.
Jan.
Nov.
Nov.
do
do
do
do
do
do
do
do
do
do
do
do
York, 23 Broad
Jan.
Jan.
July
Jan.
1,
Oct.
June
St.
Jan.
1,
1,
1,
1,
1,
1,
1912
1911
1905
1907
1938
1929
1911
A Arizona RR. Co
Oregon Jt California RK. Co
Sonora Railway Co
Gross receipts South. Pac. Co. from rents,
1896-7.
7,3.57-10
$37,850,430
988 U61
$3<,488,479
16,8i'e,0ri
12,742,407
187,163
2,107.851
l,14,i.7()8
l,V4H,()2it
1
43C 037
4'^3,528
Invest's, etc.
Total receipts.
Expended for account of proprietary companies,
Operating expenses
Taxes ...
Trackage and other rentals
Expenditures for proprietary companies— (contin'd)—
on funded debt
on open accounts
Sinking fund contributions and earnings
General administration and miscellaneous expenses
Land department expenses and taxes
Interpsi
inte'est
1897-8.
1896-7.
8.25.S.840
7,8'<6,584
180,7S4
$476,528
33,066
83,587
220,868
$115,216
74,807
63,269
•.
Expended in respect of
California Pacific _IR Co
Central Pacific R«. Co
:
$15,816,012
217,628
2,432,335
509,237
New Mexico & Arizona RR Co
Oregon & California RR. Co
Sonora Railway Co
Expenditures of Sou. Pac. Co. for insurance, taxes, interest and all other accounts except for deficits in the
operation of leased lines
Total disbursements
Balance
Betterments and additions
Surplus over
all
disbursements
Avrraoe
Tears Ending June
1«P8
30'
Miles.
7.371
7,371
1897
189-1
18JS
1893
-(V. 67,
p.
839, 844;
764,539
464,705
$49,053,997
$1,997,714
906,959
$2,823,344
$55.<80,337
48,871,^00
49,587,068
49,974,012
2,214,523
$51,354,896
$4,122,602
1,299,258
Operating
Expenses.
Oross
Eirninns.
$1,175,373
12,742,407
19.726
31.675,941
32,718,122
32,910,029
34.8l5.527
$3'l,'-
7,369
7,276
.54,^56.729
7,175
V. 68, p. 378, 617, 725. 727, 1183.)
$1,090,755
U'lms.over
Op. Ex-p.
$21,160,611
17,195,«59
16,868,946
17,064,013
19,541,208
.
Austin & North Western RR..
New
LXIX.
plari.
fixed interest. The new stock will be held in a voting trust for five
years, unless trust is tenuiuateii earlier by vote of three-fourfhs interest of trust ceitittcate holders. For year ending June 30, 1898, gross,
$119,092; net. $1,018. Pre^idellr, Newman Erli; Treas. andAsst. Sec,
Costello Lippitt, Cape Girardeau, Mo.— V. 68, p. 872.
Narrow G\uge.— Owns from AlaSoiitb Pacific Coant
meda to Santa Cruz, 77 miles; branches, 27 miles; total 104 miles.
Leased for 55 years from July 1, 1887, to Southern Pacitic Company,
which guarantees the bonds and owns all but $7,000 of the stock.
The stock is $6,000,000; par, $100. In year 1897-98, gross, $812,432;
net, including other income, $198,701; deficit under charges, $59,124.
Southern Pacific Comi>any.— r See Map.?.;— Road.— This companv owns no track in fee, but principally through ownership of stock
and'partly by lease it operates a great system of roads extending from
San Francisco to New Orleans (thence by comnanv's steamers to N-w
York, etc.), to Portland, Oregon, and to Ogdeu, Utah, with branches.
System comprises the following fully described under their own titles.
(3) Controlled by Morgan's La. &
Proprietary Lines.
(1)
[Vol.
by giving Immefllate notice ot any error atscovered In tbese Tables.
Snbisrrlberi* will confer a great favor
on first page of
SUPPLEMENT.
1,094,454
993,054
$58,477,498
$51,051,711
$24.001,H02
942,864
642,724
$2^,199,702
8S4,535
731,977
.
viz.
Southern Pacific RR. of Arizona.— ('/See Jfaps.;— Own Yuma
to New Mexico boundary, 393 miles. The stock la $19,995,000 all but
$2,400 being held by Southern Pacific Co., which pays all charges
and 12 per cent of net profits under '• omnibus lease."
Earnings.— 11 months, 5 1898-9... Gross, $2,897,755; net, $1,007,824
July 1 to May 31.
? 1897-8... Gross.
2,796,175; net, 1,040,070
In 1896. gross, $2,284,682 net, $393,983. In year ending June 30,
net, $1,088,743
surplus over charges,
1898, gross, $3,013,065
$2,724; due So. Pao. Co. under lease, $65,252 tot. def ., $62,528.
Southern Pacific RR.— rSee ilfap.;— Road.— Owns all the California lines of the Southern Pacific system except the Central Pacific
and the South Pacific Coast. The lensrth of roal owned is about 2,542
mUes. embracing a through line from Yuma, Arizona, via Los Angeles,
San Francisco and Oakland, to Tehama in No. California, with numerous branches. Of the lines owned and leased in July, 1898 (14 miles
are leased), 2.300 were operated in the So. Pacific system, 242 miles
(Mojave to The Needles) being held under long lease by Atchison In
exchange for leases of 350 miles of roads in New Mexico and Arizona.
V. 65, p^ 931, and Atch. T. & S. F. item, p. 1113; see V. 64, p. 609.
The construction of 55 miles from Ell wood. Col., to Surf, expected to
be completed during 1899, will furnish another through line near the
coast from Los Angeles to San Francisco. (V. 68, p. 617.)
Organization.— A consolidation in April, 1898, of Southern Paciflo
RR. of California, Northern Ry. of Cal., Northern Cal. and Cal. Pac.
The Southern Pao. RR. of Cal. was leased to Southern Pac. Company
for fixed charges, betterments and additions and a certain percentage
of the surplus income under the "omnibus lease."
Stock.— Of stock So. Paciflo Oompatiy Jime 30, '98, held $86,069,689.
Bonds.— <7on.soJida^ed Mortgage of Sept., 1893, (see full abstract V.
57, p. 1041), provides for all prior liens and new construction. Bonds
may be issued not exceeding $30,000 per mUe, of which $7,500 a mile
is reserved for additions and betterments.
See V. 57, p. 469. This
mortgage in January. 1899, covered 1,982 miles, of which it is an
absolute 1st lien on 724 miles. The supplemental mortgage issued in
1898 limits this loan to $30,000,000, (exclusive of bonds to be Issued
again«t underlying securities), of which not exceeding $26,000,000
shall be issued until completion of coast line from Sairf to Ellwood.
It also provides that the bonds assumed in the consolidation of 1898
are not to be increased, and that In case of increase of the mortgage
indebtedness, except for newly-acquired property, the stamped bonds
are to share pro rata in the security given by the additional mortgage.
;
;
;
;
(V. 67, p. 1111.)
Land Grant.— The land grant was 12.840 acres per mile, and proceeds
of sales go to retire bonds, but a large proportion of the lands barren and useless for agricultural purposes without irrigation. In 1897-8
sales were 32,656 acres for $80,384 and 118.682 acres were surrendered: interest on deferred payments. $29,623: land notes outstanding
June 30, 1898, $2,904,392. See 80. Pao. item V. 65, p. 778.
Earnings.— 11 months, ) 1898-9. .Gross, $13,300,117; net, $4,621,774
July 1 to May 31.
$ 1897-8. .Gross,
13,029,509; net, 5,636,982
Annual Report.— First annual report for year ending June 30, 1898,
was given at lensrth in V. 67, p. 1052, 1062, showing gross, *15,078,026; net, $6,331,516; other income, $349,910; charges, $4,851,186;
sur., $1,830,240: net profits under lease, $1,255,654. In year 1896-97
combined results of consolidated companies showed, grosa, $13,853.469.- (V. 67, p. 957, 1052, 1056, 1062; V. 68, p. 86; V. 69, p. 182.)
Southern Pacific
Mexico— r^ee Maps;— Owns
of
Arizona State Line to Rio Grande bridge, etc., 171 miles. Operated
under lease by Southern Pacific Company, the lessee paying all charges
and 6 per cent of net nrofits under the omnibus lease. Stock, $6,888,800 (par $100), all but $2,500 being held by Southern Pacific Co
Sinking fund June 30, 1898, $708,799.
RR.
New
July,
RAILROAD STOCKS AND BONDS.
1899. J
laa
Snbacrlbers will confer a ereat favor by stvlns Immediate notice of any error discovered In these Tables.
Bond»—PrlnolINTEREST OR DIVIDENDS
RAILROADS.
pal.When Due.
Miles Date Size, or
Amount
of
Par
Rate per When Where Payable, and by Slocks— LsLBt
"or explanation of column headings, &o., see notes of
Outstanding
[Payable
Whom.
Dividend.
Cent.
Road.' Bonds Value.
on tlrst page of tables.
Bouthern Ralltcay—Com.
120,000,000
60,000,000
stock, $125,000,000...
Preferred, 5 per cent, non-oumu., $60,000,000. ..
A.— Properties merged into Southern Rai LWAY
A Ohio Ist mortgage
Aug. IstM. (int. in gold); V. o9,p.l006|
50
309
1883
1869
1872
1881
1882
1889
1874
1882
1889
1873
1880
1881
1886
1884
1884
500&0.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
lOOAc.
1,000
1,000
272
.M. 8.f.(Bristol,Tenn.v. Chat.toDal.,Ga.)
Divls'n'l M., c.,(Bristol,Tenn. to Selraa, Ala.)c*
552
E. T. Va.
Ga. consol. M., g. ($'20,000,000).0Ar 1,020
Ala. Cent. 1st M., Selma to Meridian, gold
95
1870
1880
1886
1879
1,000
1,000
1,000
1,000
Atlantic Tennessee
CJhar. Col.
<fe
2d mortgage
Col. & Greenv. Ist m. (6 p. o. after Jan.,'98), g..o*
Qa. Pacific 1st mort.. 6 p. o. after Jan. "98
c*
Eqidpnient mortR-age, gold, s. f., subj. to oall.o*
Richmond & Danville cons, mortgage, gold
o
Debenture mort., old 6s (no longer incomes)
Equipni't Trust bonds, gold, s.f.,subj. to oaU o*
Rlohmoml York River A Cliesapeake 1st mort...
2d M.. extended from 1900
.
44
191
191
164
566
.
38
38
;
Virginia MiiUand— Serials
General mortgage
Washington Ohio & Western 1st mortgage
West. Nor. Car.. 1st eon. M., g
East Tennessee Virginia A CJeorgia—
I
o*
1 in
1898
N.Y.,J.
Old 1st
&
O. N. Y. , J. P. Morgan
6
150,000
1,997,500
?^500,000
5 to 6
2,000,000
5,660,000 5 to 6 g.
428,000
5 g.
5,997.000
6g.
3,368,000
5
818,000
5 g.
400,000
5
500,000
41a
7,635,000
4,5,6
4,859,000
5
4
1,025,000
2,531,000
6g.
o.
....
292
1894
1898
1898 lOOO&o.
1879 lOO&c.
1898
500
28
24
(*)
or LEASE D TO(1I
B.—On propkrties practically owned by
Hpart. Union A t'ol.. .$1,000,000 en. Ash. A Sp.g.
1895
....
No. 4la. Ry., l->t ntortiraire. i>rii)r lien, text
c
107 1896
$-)ro.OOci arc i>iio liens
do
)
4,500,000
5,083,000
1,500,000
354,500
150,000
South ERN Ry.
,000,000
1,000
1
350,000
1,000
1.300,000
&
1898 99.. Gross, $1,569,789; net, $806,118
J
July 1 10 May 31.
? 1897-98. .Gross,
1,383,010; net, 691,811
In year 1897 98, gross, $1,498,146; net, incl. other Inaome, $753,523 surplus over charge-*, $316,289 net proHts under lease, $76,266.
,
A.
J,
O,
A
A
A
A
A
N.
8.1
5 g.
4, 412, 5
4g.
4g.
g.
g.
Dividends.— On preferred
c.— V. 67.
in 1899, Jan., 1 p.
Apr., 1913
July
1,
1.
1,
1,
Oct.
1909
1910
1916
1922
Jan.
Jan.
Various.
Jan. 1, 1915
Apr. 1, 1927
Sept. 1, 1909
Jan., 1910
Md
N.Y... T.P.Morgan A Co
Baltimore,
Nov., 1910
Var. 1906-31
J.
do
do
May, 1936
1, 1924
July 1, 1914
J.
J.
N.|
J.
do
do
do
do
do
do
do
do
July
July
Nov.
July
S.l
do
do
do
do
do
do
A.i
A
A
A
A
A
A
A
A
A
A
& Co.
do
do
do
do
do
do
do
do
do
do
do
do
N.
A
A
5g.
5g.
6g.
5
5
J.
J.
&
A
7
3,123,000
3,106,000
12,770,000
1,000,000
do
do
do
do
do
do
do
do
do
do
J.
Southern Railway Divisional Mortgages.
E. Tenn. lieu, gold (5 after Mar., '98)
1st mort. ou Memp. & Charl., $8,000,000, gold
o&r
2d mortgage, $2,500,000, gold, C e
Charlottesville & Rapidan, Ist mortgage
Aihen Branch. 1st uiortirage, gold (V. 68. p. 826)
F.Morgan A Co. Jan. 20, 99,1%
Co.
J.i
O.
Feb.
1996
Oct.
Plul.,Tr.SafeD.AInB.Co
J. N.Y., J.P. Morgan A Co
N. Y.,J. P.
Morgan A Co
do
do
1900
1930
1956
1918
Mch., 1938
.1.
J.
J.
J.
1,
1,
1,
1,
do
do
July
July
1,
1,
1,
1996
1913
1998
Jan., 1995
Jan.
Jan.
1,
1,
1926
1926
in 1897, Jan., 1 p. c; in 1898, Jan., Ip.
0.;
p. 130:*.
Southern Railway Company.— fS«"<' Map, pages 144 and
Bonds.—The new first consolidated mortgage, Central Trust Co.,
N. Y., trustee (see abstract in V. 59, p. 783), is secured by mortgage
and pledge of all the property of the company. The total authorized
Issue is $120,000,000 of 5 p. 0. gold bonds, as follows
wlck, Ga.. and westerly across the States of Alabama and Mississippi
to the Mississippi River at Greenville. Water lines— Bait. Ches. A
Issued to June 30, 1898 (of which $945,000 in treas)
$28,804,000
69,055,000
Issuable onlv to <" P""r bonds" (.see V. 59, p. 785)
5,700,000
retire
n 1 St^c'^s <»ee V. 59, p. 786)
renre c^ai
certain
equipment
obligations
(see V. 59, p. 786)
1,498,700
^
To be issued hereafter only for extensions and additions
at not exceeding $2,000,000 yearly, with a single exception as to $4,000,000 (see V. 59, p. 786)
14,942,300
;
;
—
145.) Company operates o,405 miles, extending from Washington,
D. C.,and West ipolnt and Richmond, Va., to Danville, Va.,Green.sboro,
N. C, Norfolk, Va., Charlotte, N. C, Columbia, N. C, and Atlanta, Ga.,
thence northerly to Bristol, Tenn., southeasterly to the coast at Brims-
Richmond S. B. Co., 200
Owned in frt—
miles.
Miles.
Alexandria (nearWashlng'n)
to Greensboro, N. C
IT
280
Charlotte,N.C.,toAug'8ta,Ga.
Oormbia,S.C.,toGreenv.,S.C.
W. Point, Va., to Danville...
Salisbury, N.C.,to Morristo'n,
Tenn
Bristol to Chatt'ga,
Ala...
Tenn
Knoxvllle to Cumb'd Gap.Ky
AUlentown, P.CtoBatesb'rg
Ooltewah Junction, Tenn., to
Ga
Brunswick,
Aufltell,Ga., to State L., Miss.
Atlanta Junc.,Ga.,to Lauderdale, Miss
Atlanta, Ga.,to Ft. VaUey,Ga.
Branches, etc
—owned
Total
Leased
fl Atlanta
130
94
1272
242
62
72
StateL., Ala. ,toGreen.. Miss.
Br'ches to Webbs, Miss.,etc.
OontroUed by securities
179
60
tHAshev.
415
261
State University RR
Elberton Air Line RR
133
10
51
69
284
102
911
So. Ry. in
—
—
til
Ky.
(all
owned).
—
Trackag", Rights
Washin,gt'n,D.'C..toAlex.,Va.
Mobile Jc. to Birmlng'm, etc.
Htevenson to Chattanooga, Ac
York, Ala., to Meridian,Mi8s.
Kirmingham to Biockton
Kentucky & Indiana Bridge.
8elma,N. Cto Pinners Pt.,Va.
Cumberl'd Gap to Mlddl'o.Ky
98
,
1,
1899
All or nearly all of the capital stock owned. H See this
Except 35 miles in Mississippi whose securities are all
—
7
7
39
27
37
7
155
5
6,091
company,
owned.
AFFILIATED BUT OPEBATED SEPARATELY (See each CO.)
Alabama Great Southern
3.57 Central of Georgia Ry
A Tex.
123
166
119
94
245
Total mileage operated July
t
Knox ville A Ohio RR
Northern Alabama
Other roads
30
»TI Richmond* Mecklenb.RR.
31
HMobile & Birmingham RR.—
Selma, Ala. to Marion Jet.
149
t
& Spartanb'g RR.
Louisv.to Lexing'n,Ky.,Ao.
Atlantic A Yadkin
268
f Georgia Midland Ry
Franklin A Pittsylvania
9
.
& Charlotte Air L.
TFSouth Carolina A Ga. RR.—
Charlesion, S. C, to Augusta, Ga.. and branches.
RR.—
Gold8b.,N. Cto Greensb..
Greensb. to Charlotte, etc..
OperaUd under agreement
tRosweURR. (narrow gauge)
So. Ry in ftCiss. (bonds o wn'd)
144
184
3,665
Charl.. N.C.. to Atlanta, Ga.
84
Ga., etc
H North Carolina
191
228
Memplils to Stevenson,
Augusta Southern Ry. —
Augusta to Sandersville,
I
1,463
336 Georgia Southern & Fla
285
The company proposes in 1899 to complete a line to Savannah, Ga.,
from Columbia, 8. C, of whlcli the Carolina Midland, purchased in
May, 1899, will furnish about 52 miles.— V. 68, p 620, 947, 979.
Organization, Etc.— A reorganization In 1894 of the old Richmond
A West Pt. Ter. Railway A Warehouse system. The reorganization
plan presented in May, 1893, was given in full in V. 56, p. 858, 874,
and certain changes thereof In pp. 1016, 1058, and V. 57, p. 61.
The
modified plan of Feb. 20, 1894, was given in full in V. 58, p. 363, 385.
As to Cincinnati New Orleans A Texas Pacific, see V. 65, p. 1173. On
July 1, 1898, ab3orl)ed Memphis & Charleston.— V. 66, p. 39, 185.
Mot)iIe A BiriniDLChain KR. (i49 mile.<)) was leased from June 1,
1899, for 99 years.- V. 6S, p. 429, 1134.
In Apr.. 1H99. purcha ea the Nortliern Alal>aina, Slieflleld to Parrish,
Ala., and t)ranch. 1I9 miles (V. 6>i, ji. «24. b73); also acquired control
of and leaded the Soutu Carolina A Georgia, the lease oi the Augusta
Southern passing with it.
In May, 1K9;>, putctiased a i>ortlon of Atlantic A Yadkin Rv. north
of Sanfonl, N. C, to Mt. Airy. 166 miles, and issued thereon $1,500,000
Clncin. N. O.
50-year
Pacific.
|
( V. 6^, !>. 979);
al-o jMirchasi'd Carolina Midland, Allento Scivern. 55 miles, aufl Selvein A Knoxville, Seivern to
Bateshurg, 1" miles.— V. 68, p. 979.
dale, S.
4s,
C,
Stock.- Authorized $120,000,000
common huA $60,000,000
;?»« per
tent non-cumiilalir'e preferred stock. No additional mortgage can be
put upon the property, nor can the amount of the preferred stock bo
Increased without the consent of holders of a majority of the preferred.
The preferred stock is redeemable In cash at par.
Both classes o f stock of i/ie neto company {dxcept sufficient to nuallfy
directors) are deposited with three stock trustees. The stock shall be
held t)y the stock trustees and their successors, jointly till July 1, 1899.
and for such further period (if any) as shall elapse before the preferrea
stock shall have palil live per cent cash dividend in one year, aJ»h'>ugh
the 8t<»ck trustees may, In their discretion, deliver the st<i( » at an
earlier date. Ortiflcates of »>eneficlai Interest, entitling the holder to
dividends, are Issued In lieu of the 8t<)('k so deposited. Stock trustees,
J. Piemont Morgan, (Jliarles Lanier and Georire F. Baker.
Provlilons
of voting trust and pref. stock cert. In 3 DP. of April, 1897, page 6.
Total authorized issue
$120,000,000
Prior bonds must be paid by maturity.
Divisional First Mortgage bonds, issued in 1898 on account of purchase of Memphis A Charleston Ry., bear 4 per cent interest from Jan.
then 413 per cent to July 1, 1906, and 5 per
1, 1898,-to July 1, 1901
cent thereafter. The total authorized Issue Is $8,000,000, but $1,500,000 can be used only to build a line replacing trackage between Stevenson and Chattanooga, 38 miles. Of the remainder of the loan, $5,083,000 are issued to retire old mortgage indebtedness. The bonds cover
the 292 miles of main line and branches, at $17,408 per mile. The balance ($1,417,000) is held for betterments at not exceeding $100,000
yearly.
See description of loan in V. 67. p. 179.
Second mortgage on former Memphis A Charleston secures $2,500,000 of 5 per cents, of which $1,000,000 reserved for improvements.
;
General Finances.— On May
26, 1899, the Southern Railway and
Nashville purchased about 25 miles of the Birmingham Southern RR. in the vicinity of Birmingham, Ala., from the
Tennessee Coal Iron A RR. for $1,100,000 cash. V. 68, p. 774.
East Tenn. equipment notes June 30, 1898, $137,500.
the Louisville
&
Latest Earnings— 11
1898-9 Gross, $23,120,211; net, $7,461,249
1897-8 Gross, 20,773,934; net, 6,558,511
Operating 5,963 miles in 1898-9, against 5,959 in 1897-8.
mos., July 1 to
May
J
31.
(
Annual Report.—Fiscal year ends June 30. Annual meeting is held
the fourth Tuesday in October. The report for 1897-98 was given In
V. 67, p. 366, 373. See also editorial o. 347.
Trafflc.—ThQ freight tonnage is widely diversified, which is an element of strength. Agricultural products in 1897-98 furnished only
about 17 per cent (cotton about 7 per cent), while over 37 per cent
was from mining industries (29 per cent being coal) and over 31 per
cent was product of manufactories. Ton rate, 0-933 cents per m.; tralD
load, 176 tons. Earnings, etc., have been as follows.
Years ending fune ZO.
Average miles operated. ..
1897.
4,806
1896.
4,574
$12,386,902
4,832,848
1,859,750
$12,055,240
5,287,914
1,739,093
$20,641 ,29S
taxes. 14,155,799
$19,079,500
13,233,156
$19,082,247
13,451,447
$6,485,499
$5,846,344
$5,630,800
(68'58)
(69-35)
Freight
Passengers
Mail, express, etc
Gross earnings
Operating expen.
A
1898.
4,827
$13,402,305
5,260,881
1,978,112
Net earnings
Op. exp. to gross, per cent
Other Income
Total net income.
..
Interest and rentals
C'ther deductions
Balance, surplus for year.
(70-49)
*456,852
286,832
188,507
$6,942,351
$5,862,768
72,571
$6,133,176
$5,612,235
75,022
$5,819,307
$5,218,370
$1,007,012
$445,919
$556,479
Memphis
44,45,8
months end. June 30, '98.
Officers.- President, Samuel Spencer, 80 Broadway, New York;
Treas'r, H. C. Ansley, 1300 Pennsylvania Avenue, Washington, D. C;
*
Includes $108,474 net
Hec'y, Joslah F. HUl,
69, p. 25.)
Div. for 4
80 B'dway, N. Y.-(V. 68,
p.
1026, 1078, 1134;
V
Month woMt PennHylvaiila ity.^Groensliurg, Pa., to Falrciiance.
Pa. 44 miles, and branches, 64 m.
Leased to Penn. RR., which pays
net earnings as rental and owns .$1,057,250 stock and $600,000 bonds.
,
Dividends.—
Per cent....
1892.
•93.
•94.
•95.
'96.
10
10
10
11
11
Fr.Occ. 31.
Gross.
1896.
$713,793
1895.... 1,006,186
.
Net.
$165,528
337,994
Inl.,tajces,dtc.
$104,100
102,155
97.
10
'98.
Dioid'ds.
10
"99
Apr., 5
lialanee.
$164,989 dof.$103. 581
101,989 sur. 70,850
Gent. 0/ On. Ky.— Ownr Macon,
Ga., to Eufaula, 144 m., Fort Valley to Columbus, Ga., etc., 189 miles.
Soath«veMtern KK.(Ga.)— .^c« Map
Lease.- Ixsased for 101 years from Nov. 1, 1895, to the reorganized
Central of Georgia Hy. at a rental of 5 p. 0. on stock.— (V. 61, p. U56.)
134
LNVESTOKS'
SUPPLEMENl.
rvoL. Lsix.
July,
RAILROAD STOCKS AND BONDS.
1899.1
139
^/^0'LYMPIA"V^Tacoma
f
Ten
w
Al S
H.
'""r.
Priibi
L.*^"''
^y
^7
oECoiustocka
?Cb»rl«toi> ' ;? w.
3"
Montagu
UpperSoda Sprs«
/ QunsmuirT
/y
GREA'l
I
SALT LAKE-^
Eureka
SALT
>Mi.
1
^'
LAkSe OlT,Y
L/irvc
61t,y);J
13nigliaiii(sia),^'o
TeiiniiiuscT /''^U,
CLe^ib'l^Jc.
vColusa Jc
)
rki«hq
Williams'
Austin
MaQti
^^^^ P LA C E R V L LE
\\1
SA '^TA ROSA
^;' s**-*
iSevier
Lak
'''*»^\Uawthorni
jc.T^
Frisco
.
VALLCV
^-""V^l \JuuctionY_^candelaria
!vlue
SAN FRANCIf""
c
?ui Bru
SANTA CRUZ,
O-
<\
MAP
<>V
THE
SOUTHERN PACIFIC COMPANY
PACIFIC SYSTEM.
Proprietary Linesi
Leased Llnes*rrm~a
V
):yr'M
/
A.
I
136
mYESTORS' SUPPLEMENT.
[Vol. LXIX.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— Ptinol'
RAILROADS.
INTEREST OR DIVIDENDS.
Por explanation of column headings,
on tirst page of tables.
Miles
Date
of
of
&o., see notes
!
Size, or
Par
Road. Bonds Value.
Amount
When Where
Outstanding Rate per
—
Last
Dividend.
Stocks
Whom.
Payable
Cent.
pal.When Due.
Payable, and by
Boirthern Ri/ .—( Cont hided >—
h Rlechlenli., 1st M., ^315,000, gold....o
31 1899 $1,000
$308,000
4 g. M. & N. N.Y.,J.P. Morgan* Co.
Yadkiu. 1st M., $l,!i()O,0OO, g., guar.<'o o* 166 1899
1,000
1,500,000
4 ic A. & O.
do
do
100
II Atlanta <fe Charlotte— Stock
1,700,000
M. & S. N. Y., Central Trust Co.
6
Pref. M. (old 78 ext. in 1897, V.64, p 286) cure 26512 1877
1,000
500,000
4 c. A. & O.
do
do
Ist mortgage
1,000
r 26512 1877
4,250,000
7
J. & J.
do
do
Income bonds (not cumulative)
500
1880
r
750,000
A. & O.
6
do
do
'Georgia Midland 1st mortgace, interest guar...
98 1896
1,000
1,650,000
3 g. A. & O. N.Y.,J. P. Morgan&Co.
UNorth Carolina— Stock, 6'^ito Dec, 1901; then?
4,000,000 6^2 to 7 F. & A.
Burlington, N. C.
*Knoxville & Ohio, let mort., i;old
1,000
c*ifcr
66 1885
2,000.000
6 g. J. <& J. N.Y., J. P. Morgan&Co.
On all proi'ertv of Southern Ry., includin G LEASE -HOI DS, ifeC, Ist LIEN ON A BT. 900 M ILES OF ROAD.
Southern Ry.— Ist cons. M. g.(^120,000,000)c*<fer 4,502 1894 l.OOO&C 28,859,000
& J. N. Y., J. p. Morgan Co.
5 g.
Sotithwest Pentisylvania— Stock ($3,000,000 auth.].
109
50
1,499,900 10 in '98
& O.
@FedFRASER