The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ronicl?
SECTION.
PAGES 287 TO 473 INCLUSIVE,
GENERAL INDEX.
Page,
EDITORIAL ARTICLES-
GOVERNMENT RAILWAY POLICY IN CANADA,
THE RAILWAY CLEARING-HOUSE PLAN,
291
STEAM RAILROADS
INDUSTRIAL AND MISCELLANEOUS COMPANIES
295
439
465
465
465
293
NEW YORK AND BROOKLYN BANKS
NEW YORK AND BROOKLYN TRUST CCS
N. Y. AND BROOKLYN FIRE INSURANCE CO'S
GAS COMPANIES, (See also " Miscellaneous.")
RAILROAD EARNINGS MONTHLY
INDEX TO COMPANIES CONSOLIDATED,
We
HAVE NO EXTRA COPIES OF
CTxjLl-y
WILLIAM
B.
465
466
468
THIS SECTION.
29, 1905.
DANA COMPANY, PUBLISHERS,
PINE STREET, corner PEARL STREET.
Entered according •» Act of Confess In the vear 1905, by Wiluam B.
NEW
YORK.
Dana Company, in Office of Librarian of Congress, Washington, D.O.
JOHN
DAVIS &
H.
CO.,
BANKERS
AND
DEALERS
IN
MEMBERS OF
HIGH-CLASS INVESTMENT SECURITIES.
NEW YORK AND PHILADELPHIA STOCK EXCHANGES.
Buy and Sell Stocks on
Bonds on margin.
1
exchanges
all
ON COMMISSION ONLY,
NEW
"WALL STREET,
O
and cany Stocks aoi
YOIfcKo
Brown Brothers &
NEW YORK,
Co.,
PHILADELPHIA,
4th and Chestnut Sts.
59
BOSTON,
WALL STREET.
5<>
State
St
AND
BROWN
ALEX.
& SONS, Baltimore and
Calvert
Baltimorea
Sts.,
ALL CONNECTED BY PRIVATE WIRE,
members of the New York, Philadelphia, Boston and Baltimore Stock Exchanges.
Execute Orders on Commission for Purchase and Sale of Stocks, Bonds, and all Investment SecurInternational Cheques. Certificates of Deposit.
Bills of Exchange Bought and Sold.
ities.
Corn me ret a
Letters of Credit and Travelers' Letters of Credit Issued, available In all parts of the World.
all points; Telegraphic Transfers of Money made between this Country and Europe.
Deposit Accounts of American Banks, Bankers, Firm, and Individuals received upon favorable terms.
Collections
I
made on
Brown, Shipley &
J. S.
Co.,
&
Founders' Court, Lothbury,
R. D.
E.
C, London.
FARLEE,
MEMBERS OF THE NEW YORK STOCK EXCHANGE
NO
WALL
11
STREET,
Brokers and Dealers
NEW
in
YORK.
Investment Bonds and Stocks.,
STATE, MUNICIPAL
AND APPROVED
RAILROAD BONDS,
On hand
for
Immediate Delivery, suitable
Conservative Investors.
H.
MAYNARD
CRUGER OAKLEY.
C.
Savings Banks, Trust Funds and
Correspondence Solicitec
for
EYRE.
MILTON J. WHITELY.
JAMES WHITELV, Special.
WILLIAM
A.
other
JENNINGS.
PRINCE & WHITELY,
15
classes of
Bankers and Brokers,
NO. 52 BROADWAY, NEW YORK,
AND
CENTRE STREET, NEW HAVEN, CONN.
RAILWAY STOCKS,
also
Grain,
Provisions, Petroleum and
Cotton
Bought and Sold on Commission.
FECIAL ATTENTION GIVEN TO INVESTMENT*
287
United States Bonds,
IRailiroacL.,
IMI-u-:o-ioi;pa,l
AND OTHER
Investment
HARVEY
NEW
YORK,
™^™
BOSTON,
„
PHILADELPHIA,
JAMES
LIST
HARTFORD, CONN., represented by
HENRY L. WILKINSON,
«
Street.
Conn Mutual
CHICAGO,
represented by
H.
CHAPMAN,
421 Chestnut
OUR
FISK & SONS,
62 Cedar Street.
35 Congress
Securities.
^
Life Building
.
ILL., represented by
D. K.
DRAKE,
414 Continental Nat, Bank Bldg.
Street.
OF INVESTMENT SECURITIES SENT ON APPLICATION.
REDMOND
& COMPANY,
BANKERS,
4!
WALL STREET,
507
-
NEW
-
YORK.
Chestnut Street, Philadelphia.
DEALERS IN HIGH-GRADE INVESTMENT
SECURITIES.
MEMBERS NEW YORK STOCK EXCHANGE.
Transact a General Foreign & Domestic Banking Business.
ISSUE LETTERS OF CREDIT
In
Sterling,
Francs,
Marks,
or
Dollars,
payable
in
all
parts
of the
world.
FLAGG & WORCESTER,
NO. 45
WALL STREET, NEW YORK.
BROKERS AND DEALERS IN RAILWAY BONDS
AND OTHER
INVESTMENT SECURITIES.
288
PLYMPTON, GARDINER & CO
BANKERS,
MEMBERS NEW YORK STOCK EXCHANGE.
INVESTMENT SECURITIES.
LIST OF BONDS-
AND GUARANTEED STOCKS SENT ON APPLICATION.
27 William Street, Corner Exchange Place,
232 La
NEW YORK.
H.
Salle Street,
CHICAGO.
W. POOR &
BANKERS,
MEMBERS NEW YORK STOCK
IxL^7"est:"nn e:a.t;
CO.,
EXCHANGE,
Securities.
NEW YORK,
33 Wall Street.
52
BOSTON,
Devonshire Street.
(Siebrecht Building, 425 Fifth Avenue.
/»«•
D
°
Branch Offices:^ .
....
„
w
Building, Newport, R. I.
(Andrain D
.
.
,
Second Ave. RR. (N.Y. City) 5s,
Steinway St. Ry. 6s,
Union Ry. Co. (N. Y. City 5s,
Milwaukee Elec. Ry. & L't 5s,
28th & 29th St. Crosstown 5s,
Grand Rapids Ry. 5s,
Brooklyn Queens Co. & Suburban 5s,
Minneapolis Street Ry. 5s,
Kansas City Gas 5s,
Syracuse Rapid Transit 5s,
Columbus Street Ry. 5s,
Syracuse Gas 5s,
Buffalo Street Ry. 5s,
St. Paul Gas 5s,
New Amsterdam Gas
Yonkers Street Ry. 5s,
Westchester Electric
Sloss Iron
5s,
&
5s,
Steel 6s
& 4aS.
PATERSON & HEPBURN,
BROAD STREET, NEW YORK CITY.
Steam Railroads, Street Railway, Gas and Corporation Bonds.
20
W. STEPHENS &
T.
CO.,
BANKERS,
2
Dealers
in
WALL
STREET,
NEW
-
YORK.
Railway, Municipal and Public Utility Investment
Bonds.
REPRESENTATIVES IN
BALTIMORE:
PHILADELPHIA:
CHAS. W. JORDAN,
SHOWELL & KEMPTON,
CONTINENTAL BUILDING.
DREXEL BUILDING.
289
Guaranty Trust Company
NEW
OF
YORK,
NASSAU STREET.
SS
London
Lombard
Office: 33
St.,
E. C.
DEPOSITORY FOR GOVERNMENT OF PHILIPPINE ISLANDS.
$2,000,000.
Capital,
Deposits
Surplus,
$5,500,000.
$67,966,612
(June 30, 1905),
14.
Interest paid on check accounts and on certificates of deposit.
List of carefully selected securities offered for investment mailed upon application.
Acts as Registrar and Transfer Agent;
and
Executor and Administrator.
as Guardian,
Travelers' Letters of Credit and
parts of the world, and
all
Trustee under Corporate Mortgages;
as
International Checks, available
Commercial Letters
in
of Credit Issued.
Foreign Exchange Bought and Sold.
OFFICERS.
JOHN W. CASTLES,
OSCAR
L.
GUBELMAN,
MAX
MAY,
E. C.
HEBBARD,
President,
A.
Vice-President,
Secretary,
R. C.
NEWTON,
J.
HEMPHILL,
Vice-President,
WM. C. EDWARDS, Treasurer,
F. C. HARRIMAN, Asst. Treasurer,
Manager Foreign Department,
Trust Officer.
DIRECTORS.
WALTER
G.
OAKMAN,
GEORGE F. BAKER,
GEORGE S. BOWDOIN,
JOHN W. CASTLES,
FREDERIC CROMWELL,
WALTER
R.
AUGUSTUS D. JULLIARD,
RICHARD A. McCURDY,
MORTON,
OSCAR G. MURRAY,
NORMAN B. REAM,
DANIEL G. REID,
LEVI
GILLETTE,
HARRIMAN,
G. G. HAVEN,
EDWIN HAWLEY,
CHARLES R. HENDERSON,
E. H.
ADRIAN
JAMES
ISELIN
N.
Chairman,
P.
HENRY
ROGERS,
JAMES SPEYER,
H.
McK. TWOMBLY,
FREDERICK W. VANDERBILT,
H.
JR.,
HARRY PAYNE WHITNEY.
JAR VIE,
LONDON COMMITTEE.
ARTHUR JOHN FRASER, Chairman,
DONALD C HALDEMAN,
JAMES TYHURST.
-
290
N.
HALSEY &
W.
CO., Bankers.
BUY AND SELL
RAILROAD BONDS AND GUARANTEED STOCKS
OF THE BEST TRUNK
LINES,
ALSO OTHER APPROVED
BONDS FOR INVESTMENT.
CORRESPONDENCE INVITED.
49 Wall
New York.
St.,
N.
The Rookery, Chicago.
W. HARRIS &
CO.,
BANKERS,
PINE STREET COR. WILLIAM
NEW YORK.
CHICAGO.
B08TON.
Deal Exclusively in Municipal, Railroad and other Bonds adapted for
trust funds and savings.
TRAVELERS* LETTERS 01 OREDI1
AVAILABLE IN ALL PARTS 01 THE WORLD.
I88UE
QUOTATION 8 FUKNI8H3SD FOB PUBOHJJBB. BALB OB JEXCHANGK.
FISK & ROBINSON
BANKERS
Government Bonds and other Investment
Securities
MEMBERS NEW YORK STOCK EXCHANGE
CEDAR STREET
35
28
NEW YORK
STATE STREET
BOSTON
SIMON BORG &
20
NASSAU
Bankers,
STREET, -
NEW
IIEMUKHS OF NEW YORK STOCK EXCHANGE.
Investment
YORK.
Securities.
High-Grade Bonds and Guaranteed Stocks tor Savings Banks,
and Individual Investors a Specialty.
i-lbr
CO.,
Institutions,
Trust Estates
OF INVESTMENT OFFERINGS SENT ON APPLICATION.
INDUSTRIAL
SECTION
OF THE
GOMMERCIAL
& FINANCIAL
Kntared according to Act of Congress In tbo year 1905, by William B.
NEW
Vol. 81.
YORK, JULY
The Railway and Industrial Section, Issued quarterly, is furnished
without extra charge to every subscriber of the Chronicle.
The State and Citt Section, Issued semi-annually, is also furnished
without extra charge to every annual subscriber of the Commercial
and Financial Chronicle.
The Street Railway Seotion,
Issued three times a year, is likewise furnished without extra charge to every Chronicle subscriber.
The Bank and Quotation Seotion, issued monthly, is also furBlshed without extra charge to every subscriber of the Chronicle.
Terms for the Chronicle, including the four Seotions above named,
are Ten Dollars per year within the United States and Thirteen Dollars
(which includes postage) In Europe.
File covers of the Chronicle are sold at 50 cents eaoh; postage on
the same Is 18 oents. File covers for Seotions oan be had at offioe for
price.
London Agents.— Messrs. Edwards & Smith,
1 Drapers' Gardens,
B. 0., will take subscriptions and advertisements, and supply single
copies of the Chronicle at Is. eaoh.
B. DANA COMPANY, Publishers,
Pine Street, corner of Pearl Street,
WILLIAM
GOVERNMENT RAILWAY POLICY IN
CANADA.
The Goyernment
as
repre-
sented in recent years by the Liberal Party, has had
much to do with
The Goyernment
railroads
railroads,
eolonial, with its recurring
and railroad management.
chief of which is the Interthe heritage of
deficits, are
I
II llll
I
II
of Congress, Washington, D,
29, 1906.
*>.
No. 2092.
"Canada," he says, "built the Intercolonial over
a non-commercial route and bonused a short line comHe concludes
petitor to it across the State of Maine."
wick.
with the admission that he believes the road has passed
the stage where it is possible to make both ends meet.
At
the
same time he asked
for
the purchase of
fifty
or
more new locomotives.
This as a whole is surely a most discouraging report
on the " People's Railway," with
its
1,476 miles of
line.
was of course unavoidable and
must have added a large amount to operating expenses j
on the other hand, the increase of $750,000 in wage
Tbe
severity of the winter
payments seems a large one, particularly in a year when
few American roads made any large increases. The Minister's statement that this increase merely means the lev-
smack strongly of Government management. We should be far from claiming,
with one of the Conservative organs, that the rate of pay
of other railroads seems to us to
was increased
of Canada, particularly
IIW HUH
eling up of the Intercolonial rate of pay to the standard
New York.
Post Offloe Box, 958.
HRONICLE.
Dana Oowpakt, In the office of Librarian
Railway and Industrial Section.
same
I
in connection with an
important election}
but an increase of three-quarters of a million in wagei
at the same time that a deficit of between one and two
million was being faced would never be
made with a
private corporation in control.
The
necessity of buying fifty or seventy-five
new
loco-
The Liberal party has motives seems little short of admission that in spite of
committed itself and Canada to a most purchases in recent years the motive power has been
extensive scheme of Government aid and Government poorly maintained. According to the latest figures, the
every political party in power.
railway building in plans for a
line— the Grand Trunk
At
the
—
—
in addition
moment
new
is
being subjected
both as railroad owner and projector,
by the Conservatives.
Intercolonial, with its comparatively light traffic, has per
mile of road more locomotives than the
Pacific.
the party in control
to severe criticism,
trans-continental
Eecently the management
ol the
Intercolonial in particular has been the subject of heated
twice as
times as
Grand Trunk,
many as the Canadian Pacific and
many as the Canadian Northern.
over three
It is true that the road is not well situated for through
traffic.
It
runs from Montreal northeast along the St.
Dominion press. This was brought Lawrence, through Quebec to a point north of the northon by an announcement by the Hon. Mr. Emmerson, the ernmost part of the province of New Brunswick, where
Minister of Railways, of the financial results of the year's it leaves the river and turns south and southeast into
operation of the road. As nearly as he could estimate, New Brunswick and Nova Scotia.
St. John, New
the road would show for the fiscal year ended June 30 a Brunswick's chief port, and Halifax, the principal port
current deficit of between $1,500,000 and $2,000,000. of Nova Scotia, are its eastern terminals.
Its line from
He gave no figures of capital expenditure, which is esti- Montreal to Quebec is no longer than that of either
mated (to be sure by a Conservative paper) to amount the Canadian Pacific or the Grand Trunk. On its
controversy in
the
to about $3,000,000 for the year.
As
through business, however,
it
suffers the severest sort of
Minister
competition from the Canadian Pacific's line to St. John,
mentioned the exceedingly bad weather of the past winter, particularly in the Maritime Provinces, where the
road was practically tied up for two months; an increase
which runs straight east irom Montreal through the
northern part of the State of Maine. This is practically
a straight line of 481 miles, against 740 miles on the In-
responsible for
the
poor showing, the
wages amounting to some $750,000 during the year, tercolonial from Montreal to St. Johns. On the other
and the poor situation of the road. He says that the hand the Canadian Pacific has to turn over all Nova
eountry must recognize that the road was not built to Scotia traffic to the Intercolonial at St. John, and it
be a commercial success, but that military considerations further has little local traffic on much of it? MontrealInfluenced its location on the north shore of New Bruns- St. John line, which runs through the wilderness back
in
—
RAILWAY AND INDUSTRIAL SECTION.
292
lxxxx
[Vol.
1
from the St. Lawrence. Under normal conditions of voting of the Grand Trunk Pacific bill by the people of
private ownership it is hard to believe that the Inter- Canada, acquired the Canada Atlantic, which runs from
colonial would be run year in and year out either with the Parry Sound on Georgian Bay, where grain steamsmallest of surpluses (possibly the result of padding in
ers
bookkeeping), or with a large and unmistakable deficit
transfer
and assuming
from
Arthur
Port
cargoes
their
might
very
railroad
to
conveniently
cars,
to
Swan-
Vermont, which, if you please, is in
the
subject to all expenses which an ordinary privately United States and on the
Grand Trunk's Central
almost alone among its Vermont line over which exports would go out through
owned railroad must bear. But,
kind, the Intercolonial pays no taxes, no interest and no United States ports.
Most of the traffic to and from the
dividends.
This makes its tremendous deficits even West for there must be a back haul over the Canada
on the basis
this
of its natural situation
it
ton,
—
more difficult to understand.
The road is under the direct
—
Atlantic
is
to
go by
route,
this
and
if
all
the
Grand
control of the Minister of Trunk wants of the Grand Trunk Pacific scheme is a
Eailways and Canals, himself a political appointee of the connection of its own to the Northwest and the Pacific,
party in power. The active management, and particu- what will become, these Canadians ask, of that part of
money
larly the appropriation of
the road's capital
for
Grand Trunk Pacific
Dominion Government is
the
east
of
Winnipeg which the
As the
to build at an estimated cost
would not long be in office at the same time of from $75,000,000 to $100,000,000? And they answer,
Minister
with a hostile Parliament, he can be fairly sure of hav- first, it will compete with the already out-competed Ining any measures which he brings forward affecting the tercolonial, and, second, it will become nothimg more
railway passed as party measures by the Legislature of than a local line
serving, it is true, some 1,800 miles of
territory, but having practically no share in through trafthe Dominion.
Without taking sides with either party or passing fic. Then at the end of the period of fifty years agreed
judgment upon any particular administration, it seems upon, after it has created enough local traffic to make it
pretty evident that in this partisan political control lies pay in the hands of a strong company with power to
the reason for the recurring deficits.
Unless, unlike route traffic, it and (if not sooner) the Intercolonial, by
almost every other railroad of any length in this country this time weakened to destitution by its Governmentand in Canada, the road is practically worthless, exemp- owned competitor, will both be turned over permanently
tion from dividends, interest and taxes has been a small to the Grand Trunk to own and operate as it sees fit.
price to pay for political control on the '"to the victor beAlthough from the standpoint of a Canadian this may
The management of the road seem partisan reasoning, it nevertheless seems a far from
longs the spoils" theory.
unreasonable view of the situation. The facts are pubis so much of a political issue that it seems hardly possible to extract from the Canadian press an impartial lic property; the conclusions follow naturally from the
statement of the case, but statements are frequently point of view of the Grand Trunk company's own intermade and specific instances given (of course by Conserv- ests. Does there seem to be any likelihood that that
atives, or at least not by Liberals) that appointments company will divert traffic from its existing lines east of
and policies are determined by political and not by busi- Winnipeg to a Government-built rival which in any case
will fall into its hands at the end of fifty years ?
ness reasons.
account, thus becomes a distinct political issue.
—
It has even been claimed
recently
since
By
the publica-
applying similar reasoning
to the present case of
ing Government ownership by the lugubrious example of
way in which
politics limits the earning power of that road. The western terminus of the Intercolonial is at Montreal.
Mon-
the Intercolonial that the Canadian people
treal's
Government has
tion of the Minister's estimate that
the
set out with the definite purpose
view of
to assent to a plan to sell the
Grand Trunk
the
in
so discredit-
will be glad
road at a nominal price to
Without
friends of the Liberal Party.
considering the probability of such a
purpose,
it is
sug-
the Intercolonial,
petitors
the
of
maneuvers
of the traffic
building
Intercolonial
private road in the
gestive to consider the probable effect on the Intercolonial
policy, the
easy to see another
two railroad connections from the west are the
Grand Trunk and the Canadian Pacific. Both are com-
of the other great Liberal
railroad
it is
of
same
for
A
export business.
situation of necessity
one sort or another gain for
coming from the west
would by
itself a
share
to Montreal.
The
Trunk Pacifie. By the agreement made political railway is apparently unable to gain for itself
between the Dominion Government and the Grand any appreciable share of through traffic.
Trunk Pacific Company, the Government is to build
Thus the Intercolonial, bottled up at Montreal, has to
that part of the new trans-continental line east of Win- depend mainly on local traffic.
On this traffic, accordnipeg, and the company, with Government aid, is to build ing to Mr. Emerson's recent statement, rates on the
the line west of Winnipeg through the rich grain Intercolonial are from twenty-five to eighty per cent
of the Grand
of
fields
the
company
The
nipeg southeast
Lake
Superior.
about
to
Northwest
also
is
to
is,
to
the
Pacific.
build a branch from
to
Port Arthur on
This
be begun,
Territories
Win-
the northern shore of
branch, on which
construction
is
according to the announcement in
the company's prospectus, to be one of the most import-
lower than
the
local
rates
charged on other Canadian
More than that, the Intercolonial, he admits,
being a Government road, has not been able to raise rates
railways.
to
a paying basis.
make an
That
increase in rates
hardly be justified,
may
his
hope
of soon
being able
to
on the Government road will
be inferred by analogy
from a
most recent communication from New Liskeard, the terminus
of the grain products of the Northwest to be transferred of the Ontario Government's Temiskaming & Northern
to Grand Tiunk steamers at Port Arthur.
In face of Ontario road. The Commissioners having declared that
this announcement, many good Canadians are beginning they intended to run the road on a business basis
ant parts of the whole
to
look
line, since
it
will carry out
with some doubt on the whole Grand Trunk
Pacific scheme
and particularly on that part
be built by the
•which
is to
peg.
They observe
of the line
and pay interest on the Provincial Government's investment, it is reported that "the assertion that the Govern-
Government east of Winni- ment road will be operated for dividends, and that the
Grand Trunk has, since the settlers may expect no better treatment than they would
that the
RAILWAY AND INDUSTRIAL SECTION.
July, 1905.)
receive were the line
aroused the
New
owned by a
private corporation, has
among
indignation
liveliest
the people of
conveyance, and
carried
Here we have one
side of the picture
;
the case of
in
The Ontario
goods shall in the same
way be
through without being either shifted or re-as-
sorted."
Liskeard."
that
293
The second main
the original pamphlet,
was
principle, to
that
the
abstract from
companies, respect-
should pay a fixed rate per mile for such carnages
and wagons not their own property as they might use,
undoubtedly try through
rates on me Government road below a paying basis, not and a further sum per day by way of fines or demurrage
observing that they, or caring tbat others, suffer by the for detention. The third thing to be accomplished was
increased taxes on the other hand, in the case of the that no direct settlement should take place between the
Intercolonial, the people of all Canada seem unable to companies in respect of any traffic the accounts of which
escape from the evils of an unprofitable and unprogres- passed through the Clearing House.
the Intercolonial
the other.
settlers will
influence
political
ively,
reduce
to
;
The work of the clearing house is now divided into
The time is fortunately far distant when we in this three main divisions the merchandise department, the
The
country shall think seriously of actual Government own- coaching department and the mileage department.
our railroads; but in every first two deal with freight and passenger traffic respectership and management of
Step in that direction, municipal or otherwise, Canada ively, and the last with the actual movement of "forThe main purpose of the merfurnishes us with an example of the evils of politics in eign" cars on the lines.
chandise department is the monthly apportionment of the
railroad management.
receipts from carriage of freight of all sorts using more
CLEARIXG-EOUSE PLAN. than one line of railway in transport. With local traffic
TEE BAIL
sive political railway
management.
:
WAY
A
circular letter advocating
establishment of a
the department has nothing to do, unless such traffic be
railway clearing house in this country on the same plan
subject to a special agreement; such, for example, as a
the
at- pooling
arrangement (legal in England) by which
men. The As- other companies share in the receipts. The working
tracted
sociation of American Railway Accounting Officers took method is that the clearing house is supplied from
or
abstracts
the question up at its convention in New York on June the
with monthly
returns
stations
30 and unanimously approved a resolution that the con- of the totals of all invoices of through traffic;
ditions here do not call for such a clearing house and these returns showing the weight of the goods and
that the establishment of one would be undesirable. Tne specifying whether they are carried at rates which inaccounting officers go so far as to express doubt of the clude collection and delivery or not. Returns also show
as the English railway
much
wisdom and
among
profitableness
they are particularly
house has recently
clearing
attention
sure
of
lailroad
the
that
English
the
system, but
conditions in this
country render such an institution without value.
The
point
raised
—whether or
not balances between
medium
railroad companies can be cleared through the
of a separate organization in the United States
considerable interest.
fully in
England
—
The thing has been done
for a
great
many
years.
count of the workings of the English house is
is
one
of
success-
A good ac-
amounts "paid" and "paid out" at the forwarding
station and "to pay" at the receiving station, the owners
and numbers of the cars in which the traffic was conthe
veyed, etc.
What
say
which the gross
traffic of
is
known
as light traffic, that is to
receipts
between one pair
month does not exEach station makes re-
of stations in either direction for the
ceed £1,
is
turns of
its
reported separately.
outbound
traffic
quite distinct from
its
in-
be found
bound traffic, and the first function of the department,
after having ascertained that all stations have made
arrange
is
group
and
their
returns,
to
so
these pamphlets, in 1842 public complaints of the incon- them
that
the
outbound returns of the forwardvenience of being obliged to purchase tickets at each ing stations may be easily compared with
the
junction and to arrange for transfer of goods and luggage inbound returns
receiving
stations,
any
of
the
to each successive carrier became so great that Mr. Ken- discrepancy found in checking these returns being
neth Morison, who was Auditor of the London & Birm- pointed out at once to both stations by means of a docuingham Railway, evolved a remedy, and, bringing it to the ment called an "inaccuracy statement." Should the renotice of prominent railroad officers, induced them to plies when received settle the difference, the return is
join in what in this country is termed through ticketing altered accordingly; but if the two stations still disaTo gree, the matter is taken up further, and if the discrepof passengers and through way-billing of freight.
carry out the arrangements and duly distribute the pro- ancies cannot be adjusted before the date for closing the
ceeds between the participating companies, Mr. Morison month's accounts, a provisional sett lement is, if possible,
organized a bureau with a small staff of clerks, from made, and corrections are entered subsequently. Where
which the present clearing house has grown. When it is not possible to make a provisional settlement, the
English railroad managers experienced difficulty in en. items respecting which the differences occur are struck
forcing contracts to distribute gross earnings arising from out of the station returns and recorded in an "outstandthe through transportation of passengers and freight, they ing book," to be taken up subsequently.
petitioned Parliament for the requisite authority and it
After the station returns have been verified and adwas conferred in what was termed the Clearing Act of justed, the next process is to make the settlement by
to
which can be obtained
from the Secretary, Mr. Harry Smart. According to
in a series of pamphlets, copies of
1850. The idea of the original English clearing house, as
brought
out
primarily to
pamphlet
in
"The main
widely diffused are,
all
first,
principles of the system thus
that passengers shall be booked
principal stations
and conveyed
to their
in them.
To accomplish
from these station returns
entered from
the
this
to a
the figures are transferred
"
sett
maent " form, being
"forwarded" a d checked from the
and "received " returns. When thi operation is completed,
likewise be sent through without change of calculations of the terminal alio' races are made at the
destination without change of carriage
cattle shall
traffic
a pamphlet published in 1816, was carried between each pair of stations and dividing the
This receipts among the companies who are entitled to share
facilitate through passenger traffic.
says:
through at
taking the total weight and the receipts of the
;
that horses
:
RAILWAY AND INDUSTRIAL SECTION.
294
—There would be
agreed rates per ton to the sending and receiving comIt is not necessary to
panies.
except
'detail,
to
describe this operation in
al-
made in cases numbered by tens of thouThere are a number of other items to be taken into
to
actual earnings and other
serious delay in arriving at
our (tho
statistical figures for
mention that special circumstances accountant's) own use and
Canse arrangments for exceptional rates of terminal
lowances
"Second
lxxsx 1
[Vol.
for reports to
and
inter-State
State commissions.
"Third
be
—We
assured that
feel
if inter-line
accounting
England had reached the same state of efficiency as in
account in making the division of receipts, and
America, the clearing house would not have been started."
The main contention of the accounting officers is that
ing house acts as an arbitrator in cases of dispute.
Following the division of receipts, the department the American system is satisfactory as it is, and thero
next makes up the monthly account for each of the com- seems certainly to be no contrary sentiment prevalent,
panies, constituting a permanent record of all its trans- East or West.
In American practice the roads pay
actions for tho month, except those which relate to its balances on or before the 25th of each month.
The bills
are accepted as correct, and any complaints or investigaOwn purely local traffic.
The coaching department takes care not only of pas- tions are carried over to a succeeding month. In mensenger traffic, but of all other traffic which is carried in tioning the cost as "less than one per cent" of the revepassenger trains, including a considerable parcel busi- nue handled, a liberal allowance was made; lor the gensands.
in
the clear-
In consequence of the lighter nature of parcel eral cost of this work, when properly done, should run at
receipts the division has for some years been made half only about half of one per cent.
But one of the most patent objections of all was not
The passenger account is simplified by the fact
yearly.
ness.
that the receipts are all
collected at the point of depart-
ure and that the number of persons traveling in each
class
can be substituted
for the
schedule of weights and
transactions;
excursion
but,
traffic
considerable
much more complicated
tariffs
used in clearing freight
on the other hand,
of the United
complication
in
Kingdom
the
extensive
brings about a
The
through routings.
touched on, and that
ing house
least four
to
these odd
excursion
which are
tickets,
left
blank
to
be
by the ticket agent with the names of the desired
stations, and the clearing house is the only existing
filled
test of the
accuracy of the station clerk's work.
to operate
the mere time
involved in
from other geographical con-
would make
siderations,
impossible for a single clear-
it
successfully in
At
this country.
would be needed, and then there would have
clearing house to take care of mutual
be a central
transactions of the others.
The accountants
house keeps an especially careful watch over
clearing
that
is
presenting reports, apart
which
objection; one
is
may
nature, or at least
mention another very serious
perhaps almost .racial in its
failed to
be
attributed to the natural con-
ditions in a country of great physical area.
There
is
a
certain respect for authority inherent in the British tem-
main department of the English railway perament which renders much simpler the working of
The lines distrust each
clearing house keeps track of car mileage, locates every a railway pool or federation.
other, it is true, but they do not distrust the mutual cencar in transit, and apportions the charges for its use. It
may be said practically to take care of all rolling stock tral agency which they have created. Several Amerithat is away from home, acting principally upon informa- can auditors have expressed the opinion that if a clearing
tion received by its own staff of ''number takers," who house ever was established in this country, the roads
The
third
are stationed in
part upon
every part of the kingdom, but also in
returns furnished by the railway companies.
The "number takers"
are stationed at all junctions of im-
portance, and send to
the head
office
description of each vehicle that passes,
the
and
number and
also
of each
would have
At
same time, every station at which
foreign stock is received makes another return, giving the
date and station from which the stock is received and
Stating how and when it is disposed of.
The demurrage
charges in connection with tracing the vehicles and the
tarpaulins out and home amounted, in 1901, to from
100,000 to 150,000 days per month. The mileage
charges are made quarterly and the cash transaction is
limited to the balance.
Through this department and
the two other main branches of the clearing house it
was estimated four years ago that 20 million separate
settlements were made annually.
Much
tail,
the
of this information, given
was made the
In the opening
tion expressed
with
additional de-
basis of the circular letters mentioned
paragraph.
its belief
The Accountants' Associa-
that such a clearing house
would
not be of use in this country, lor the following reasons
"First
—
The expense of
English clearing house
A
the revenue handled.
would be an almo
railroads, which nc
'•*,
i
is
:
ing
all
^s.
on the clearing house.
here,
a very
Discount-
tangible difficulty
is,
nevertheless, raised against the application of the clear*
ing house principle.
A
feature of the English establishment which
would
have possessed greater interest four years ago than it
does to-day is the mileage department, which apportions
the charges for the use of foreign cars.
Under
the old
mileage rule, in this country, cars would sometimes bo
away from home
two or three
years at a stretch, often doing warehouse duty in tho
New England States. Any method of remedying this
abuse which promised to work out as simply as the English
as long a period as
for
system works in
its
received serious consideration prior to
of
would havo
the per diem rulo
restricted territory
But under per diem, although
1902.
charge of 20 cents per car per day
recompense
is
the initial
an absurdly small
for the use, say, of a 50-ton steel car, yet it
has served extremely well to keep the cars moving
well that
of the
it
so
;
has been recentlv estimated that the effect
per diem rule was equal
to
the building
and put-
ting in service of 000,000 cars.
traffic
their
accounting (including
revenue, disbursem nts and statistics) for less
per cent of their earnir
exaggeration
Now that the ancient car-mileage abuse has been
department of the
approximately one per cent of remedied while the system of balance payments on both
similar institution in America passenger tickets and freight way-bills works, in the main,
the
wholly additional expense to the
do
maintain substantially their present organ-
izations to keep check
sheet or tarpaulin with which the contents of the open cars
•re protected.
to
than one
smoothly,
it
is safe,
at
least
for
the English clearing-house in the
on their own
if
soil,
the present, to include
list
of institutions, good
which do not give promise of thriving
transplanted.
(
c
7
: :
.
RAILROAD
COMPANIES.
(For Miscellaneous Companies see pages 439 to 463, inclusive.)
EXPLANATORY.—This Supplement Is expressly Intended for use In oonneotlon with the Investment news and official reports published
from week to week In the Chronicle. Frequent reference is therefore made to the volume and page of the Chronicle (as, V. 74, p. 000)
where fuller Information may be found. Following eaoh statement also is given a referenoe to the latest news Item In the Chronicle respecting
the company. As every such Item contains a referenoe to the last preceding item, the reader oan run back over the company's history
at pleasure. Annual reports are In blaok-faoed figures, and italics lndloate a paragraph headed by the name of some o<A«r oompany.
Index.—Any oompany not In regular alphabetical order may be found by means of index to roads leased and consolidated In this Supplement.
Dividends.—The dividends tabulated in the text are those actually paid during the calendar years named, Irrespective of when earned.
Net earnings are given after deducting operating expenses and usually taxes, but not Interest, rentals or other fixed charges.
Securities.— These are described in table at head of page [exoept the stock, for lack of spaoe, sometimes only in text below] as follows
Miles of Road.— Opposite bonds, this means the miles of road owned oovered by the mortgage.
Size or Par Value.— Shows (In dollars unless otherwise marked), the denominations or par value, " 100, &c," signifying $100 and larger.
Rate Per Oeni.— The Interest and dividend rate, per annum is here shown g., gold; our., currency x, extra s. stock or sorlp.
When Payable.—3. & J. stands for January and July; F. & A., February and August; M. & 8., Maroh and September; A. <fc O., April and October,
M. &N., May and Nov.; J. & D., June and Dec; Q.—J., quarterly from Jan.; Q.— F., quarterly from Feb.; Q.-M., quarterly from Maroh.
Bonds, principal when due, etc.— This column shows the date when the bonds mature and the amount and date of the last dividend.
M. for " mortgage; " gen. M. for " general mortgage; " con. M. or consol. M. for " consolidated mortgage; " ino. M.
Abbreviations in table
or "inoome mortgage;" g. for "gold;" o. or cur. for "currency;" guar. p. & i. for "guaranteed principal and interest j^'oum^fpr
" cumulative " non-oum. for " non-cumulative; '"
fund;" l.gr. for "land grant;" r. fully":
end. "endorsed;" "red." redeemable; _
Mortgage Trustees and Stock Transfer Agents (TR Treasurer's Omoe) are Indicated thus
Payable wlthont deduction for any tax.
;
;
;
:
;
New York City—
R— BowliDg Green Trust.
Ba— Burners Trust.
C»— Central Trust.
Col— Colonial Trust.
Eq—Equitable Trust.
F—
G—
Farmers' Loan
& Trust.
Trust.
Ma— Manhattan Trust.
Me—Mercantile Trust.
Mo— Morton Trust.
Mp— Metropolitan Trust.
N—
N. Y. Trust.
CITY— (Concluded—
Standard Trust.
Ta—Trust Co. of America.
(In- Union Trust.
United States Trust.
U»m— U. S. Mort. & Trust Co.
Boston—
A B— American Loan 4 Trust.
B B— Boston Safe Dep. & Tr.
IB— International Trust.
NB— New England Trust.
O B— Old Colony Trust.
SB—
PITT8BURQ—
Louisville—
& Guaranty. CL— Columbia Finance & Tr. C PI— Colonial Trust Co.
Continental Tiust.
KPi-Fldelity Title &
FBa— Fidelity & Deposit. FL— Fidelity Tr. & 8afety Vlt. P PI— Pittsburg Trust.Truit.
Lli— Louisville Trust.
ilIBa— Maryland Trust.
UP1— Union Trust.
He Ba— Mercantile Tr. & Dep.
Philadelphia—
S Ba— Safe Dep. & Trust Co.
St. Louis—
Baltimore—
B BaCoBa—
H—
Us—
Guaranty Trust.
K.— Knickerbocker
N. Y.
State Trust.
Bait. Tr.
Chicago-
Ac— Amer.
EC—
1C—
MC—
Trust & Say. Bank.
Byuitable Trust.
Illinois Trust & Sav. Bk.
Merchants' Loan & Tr.
NO- Northern Trust.
K.C— Royal Trust.
UC— Union Trust.
FP— Fidelity Trust.
GH- Girard Trust.
GuP—Guaranty Tr. & S.Dep.
MSt— Mississippi Vall«v Tr
SSt—
P -Provident L. & Tr
PeP— Penn. Co. for Insur. on
Lives & Gr. Ann.
St.
Louis Union Trust.
PI
WP— West Rnd Tr.&
S.
Dep.
San Francisco—
CS— California
&
Safe Deposit
Trusfc.
Subscribers will confer a favor by giving immediate notice of any error discovered in these Tables. Jg|
RAILROADS.
Miles
For explanation of column headings. &o. see note8
above.
Akr.
dt
BarbeX. on Bell— lstM.,s.f.,text,g. Usm.o*&r
1902
—
$1,000
$989,000
£1,566,000
£676,070
$1,750,000
£100
£100
290
143
143
143
143
"35
142
142
12
61
61
259
259
260
1878
1888
1886
&
Alabama Great Southern RR.— (See Map Southern Railway.)—
Owns Wauhatchie, Tenn., to Meridian, Miss., 291 miles; branch lines
leases Wauhatchie to Chattanooga, 5 miles, and Belt
Ry. of Chattanooga, 45 miles; trackage to Blookton, Ala., 8 miles, and
Woodlawn, 19 miles total operated, 374 miles.
Organization. —Controlled by Southern Ry., but operated independAla. Great So. Ry., Limited,
ently. V. 60, p. 26; V. 61, p. 375.
owns all of the stock and debentures of Ala. Great So. RR., and has
in place thereof its own stock and debentures respectively
issued
for a like amount. The two companies own jointly $833,300 stock
Of Southwestern Construction Co. received In exchange for $833,800 Cin. N. O. & Tex. Pac. stook. See V. 65, p. 1173.
Stock, Etc.— Of capital stock of English Co. the Southern Railway
Co. on July 1, 1902, owned $1,725,000 "A" shares and $4,540,050
"B" shares. V. 61, p. 26. For right to dividends see Maroh, '94, Sdpp.
Funded arrears of dividend (English Co.), bearing 4 p. o. interest,
$258,832; car trust notes, June 30, 1904, payable monthly, $110,880.
Dividend— )'96. '97. '98. '99. '00. '01. '02. '03. 1904.
1905.
"A" shares. %>
10
June, 4
9
;
;
6966899
0000000
0--
Bonds.— General M. 6s, £484,000, will retire 1st 6s and debentures.
Latest Earnings— 11 mos. ) 1904-5. Gross, $3,036,367; net, $557,932
July 1 to
May
31.
Annual Report.— Report
gross, $3,099,445;
S
1903-4. Gross,
2,838,560; net, 564,156
p. 2585, showing,
for 1903-04 In V. 79,
net, $624,925; other income, $11,603;
interest,
on bonds, $286,542; income tax, etc., $29,373; balanoe for stock,
$320,613; dividends on stook of American Co. (6 per cent), $185,437.
—(V. 77, p. 2094; V. 79, p. 901, 2585, 2641; V. 80, p. 2398.)
Alabama New Orleans Texas & Pacific Junction Railways Co. (Limited.)—This is an English company controlling Alabama & Vicksburg, 143 miles Vlcksburg Shreveport & Pacific, 189
miles New Orleans & North Eastern, 196 miles.
Securities Owned.—Ala. & Vlcksb. $30,000 1st mort., $387,700 2d
M., $141,100 consol. 1st M. and $581,500 stock; V. S. <fe P., $1,513,000 gen. M., $2,080, 100 pf. and $2,773,500 com. stock; N. O. & N. E.,
$4,983,000 gen M, $1,500,000 Inoomes and $5,320,000 stock; S. W.
Construction Co., S448.700 stook; Railroad Lands Co., $108,850 (out
of $120,000; stook. Dividends on stocks owned In 1903, V. 77, p. 2279.
Ooup.Patd— For '93. '94. '95. '96. '98. '99. '00. '01. *02. '03, '04.
«A" Deben.. P. c.
5
5
5
2i«
"B"
do ..P. c.
-875
5 p. o. yearly
1
2% 4.**
"C" do ..P.c
Hi .. 2«i 5 5
5
;
;
55 555
INTEREST OR DIVIDENDS.
per When Where Payable, and
Cent.
4g.
9 in '04
6g.
5g.
6g.
£10 £2,500,000
£10 £1,500,000
1890 £50 &C.
£748,850
5 K1890 £20 Ac. £1,048,390
5 g£810,652
5 g.
1890 £20 &0.
100 $1,050,000 7 in 1904
6 g1881
1,000
1,000,000
1889 100 &o.
588,800
5 g.
601,300
5 g.
1889 100 Ac.
1903
875,000
5 K1,000
400,000
5 g1896
1,000
100
3.500,000
9
1876
7 our.
1,000
3,000,000
6 g.
1876
7,000,000
1,000
3
100
600,000
100
6 g.
3,000.000
4 K.
1898
1,000
2,000.000
1869
7
$&£ 9,998,000
400,000
5
1869 100,000
1892
6,829,000
4
1,000
50
1.268,884 incl. fi.
berton, O., 22-43 miles in length, with 11 miles under construction In Jan., 1904. A consolidation in May, 1902; V. 74, p. 1088.
8took, $100,000, owned equally by the Cleve. Akron & Col., Bait.
Ohio, Erie RR. and the Vanderbilt Interests. Bonds authorized, $1,800,000; $500,000 reserved for future requirements. They may be
drawn at 105 by lot yearly Deo. 1, beginning 1903, by a sinking fund
Of $11,550 per annum. V. 75, p. 440.— (V. 76, p. 434; V. 78, p. 2598.)
«'B" shares. %)
Rate
£526,000
£134,000
$1,000
Adirondack Ry.— In 1902 merged with the Delaware & HudsonAkron &. Barberton Belt RR.— Owns a belt line around Bar-
owned, 6 miles
Amount
£10
£10
.
.
Size, or
of
of
Par
Road. Bonds Value. Outstanding
Alabama Great South'n— "B" shares (English Co.)
Pref. "A" shares, (English Co.) 6%, £800,000...
IstM. (American Co.) gold, $1,750,000
F.o
General mortgage, £1,160,000
Ce.o
Debentures, gold (English Co.)
o
Alabama Midland— See Atlantic Coast Line RR
Ala.N. O. Tex. <& Pac. June.— Deferred "B" shares...
Preferred "A " shares, 6 p. c. cumulative
"A" deben. , red. aft. No v. 1 ,' 10, at 1 1 5— See text c
"B" debentures, Inoome, red. after 1910 at 115.
"C" deb., income, subject to oall any time at 100.
Alabama <& Vicksburg— Stook $1,050.000
Vioksb'g & Mer. 1st M. gold, $1,000,000. F .xo*
Ala. & Vicks. consol.lst M., ($1,800,000) g..Ce.o
2d M., originally $700,000, g
Ce.o
Alaska Oentral 1st M., g„ red. at 105 aft. 1908.0*
Albany ttNortfiern 1st M., g., ($50,000 are pref.)c
Albany <t Susq.— Stock, dlvi'ds guar, by D.& H. (end)
Consol. M. ) (gnar. p.<fe 1. end.) currency 7s. F.o*<fer
now IstM. s
do
6s, Interest only in gold
Albany <& Vermont—Stock, 3 p.o. guar, by rental)..
Allegheny dt Western— Stock ($3,500,000)
1st M. $2,500,000, gold, guar., p. & 1. end.G.o*..
Allegheny Valley— 1st M., guar. Penn. RR
o
Mort. to State Pa., $100,000 due Jan. 1, yearly, .r
Gen. M. ($20,000,000) g., guar. p.&i. FPi.x.o*&r
Allentown RR. (leased to Phila. <fe Reading Ry.) .
Date
555
Whom.
Payable
J.
&
&
Bonds— Prlncl
pal.When Due.
by Stoclts— Last
Dividend.
D. N.Y.,U.S.Mort.&Tr. Co.
London.
D.
do
J.
J. & J. N. Y.,Farm.L.&Tr.& Bos
J. & D. London,Glyn,MiUs&Co
F&A15
do
do
M.
M.
<fe
N
June
1,
1942
Deo., 1891
Ju'e 21,'0.\4%
Jan. 1, 1908
Deo. 1, 1927
Aug. 15, 1906
Lon. .Glyn.Mills ,C. &Co Nov.1,1910-40
do
Nov.1,1910-40
do
8ee text.
Nov. 1, 1940
N. Y., Central Trust Co. Aug. 20, '04,
do
do
Apr. 1, 1921
do
do
Apr. 1, 1921
do
do
Apr. 1, 1921
Chicago and New York. Apr. 6, 1933
& N.
A. & O.
Yearly.
A. & 0.
A. & O.
A. & O.
A. & O.
J. & J.
J. & J.
A. & O.
A. & O.
M. & N.
J. & J.
A. & O.
A. & O.
J. & J.
M. & S.
Bait,
Hamoleton
N.Y.,Del.
& Co.
& Hudson Co
do
do
do
do
Troy, N. Y.
N. Y., A. Iselin & Co.
do
do
RR. Co. & Lon.
Treas., Philadelphia.
Phila., Pa., RR. Co.
Phil. , Pa.
Jan. 1, 1946
Julyl905,4i«
Apr.
Apr.
May
1,
1,
1906
1906
15,'05.1i*
July
3, '05, 3
1, 1998
Apr. 1, 1910
Jan. 1,'06, eto.
Mch. 1, 1948
Oot.
071,400 under ReadingCo.mort. of 1896.
A payment of 2»8 p. o. on "O" debentures was made In Feb., 1902,
and 5 p. c. each in 1903 to 1905, Inclusive. V. 78, p. 227*
Earnings.— See separate statement for eaoh of the controlled companies. In year ending Deo. 31, 1904, net from investments was
£163,505; paid general expenses (£3,322), income tax (£9,953), interest on " A" debentures (£35,648), on "B" debentures 5 p. o. paid in
Jan.,|1905 (£49,908),
on"0"
debentures, 5 p.o. (438,548) balance,
£31,589 from 1903, £57,715.— (V. 80, p 1057, 1478.)
Alabama &. Vicksburg Ry.— Owns Vioksburg to Meridian, Miss.
and branch, 143 miles, all steel rails. Controlled by Alabama New
Orleans Texas & Paoiflo Junction Co., whioh see. Reorganization of
the Vicksburg & Meridian foreclosed Feb. 4, 1889 (see V. 48, p. 190).
Dividends.— '90 to '92, 3 p. c. yrly.: '96,3; '97 to '99,5; 1900 to 1902,
6 y'rly; 1903, 9 p. o.; 1904, 7 p. c. Stock div. of 50 p. o. in 1900.
Bonds.—The new seoonds were inoome till April 1, 1894, and are a
first lien on the lands— 31,583 aores.
Of the $1,800,000 consols authorized, $1,000,000 are with trustee to retire V. & M. firsts.
Earnings.— Fisoal year ends June 30. FoM2 mos. ending"June 30
1905, gross, $1,353,141, against $1,285,920 in 1903-4. Report for
1903 1904 in V. 79, p. 2584.
Years—
Gross.
Net.
Interest, etc.
Bal., sur. Dividend.
1903-04 $1,287,092
'$215,528
$292,677
$77,149 (7)$73,500
1902-03. 1,150,547
301,573
140,260
161,313 (9)94,500
Includes $97,850 for new freight oars.— (V 73, p. 1 1 57: V. 75, p
lnoludiner
1027; V.
1224,2094; V.
2584;
V. 81, p. 263.)
the south coast
of Alaska, north to near Fairbanks, on the Tanana Rivet, 463 miles.
Of 'his. 2o miles from Seward north were in operation aod 20 miles
additional graded in May, 1905. About 100 mil s additional are to
be built in 1905. Stock authorized, pref. 5 p. o. non-cum.. $2,500,000;
common, $27,500,000; outstanding, pref, $1,922,050; com.. #87^,200;
par of shares, $50. Bonds are limited to $35,000 per mile of main line
and branches. The Central Trust Co. of Illinois (Chicago) is mortgage trustee. See V. 76, p. 703, 1354. In J«n., 1905, new interests
acquired control. V. 80, p 471. Pres.. A. C. Frost Chicago; VicePres., H. C. O- borne, Toronto; Sec, James A Haight, Seattle; Treas.,
G. L. Francis, Toronto; Gen. Mgr., W. B. Poland, Seattle.— (V. 79, p
967; V. 80, p. 471.)
Albany &. Northern Ry.— See Supp. for Apr., 1903.
Albany
Susquehanna Ytft,.—( See Map Delaware <6 Hudson. )~
Road.—Owns Albany, to Binghamton, N.Y.. 142 miles. Operates,
Cobleskill, N. Y., to Cherry Valley, 21 miles; stock all owned by
D. <fc H.; total operated, 163 miles.
Leased for 150 years from Feb., 1870, to Delaware & Hudson Company; rental Is 9% per annum on stook. (See guaranty, V. 56, p. 774.)
Bonds.— The stockholders on April 7, 1905, authorized $10,000,000
of 40 yrar 3% p. o bonds to refund the $10,000,000 of 6s and 7s maturing Apr. 1, 1906, whioh were in June, 1905, offered a par pro rata to
he stockholders of the D. A H. The new bonds will be dated April 1
1906, guar. p. <fei., and until April l, 1916, convertible into D. & H.
stook— $500 stook for $1,000 bonds. V. 80, p. 1174, 1362, 2343.
77, p.
79, p.
Alaska Central Ry.— Projected from Seward, on
&
i
1
:
.
.
RAILWAY STOCKS AND BONDS.
290
RAILROADS.
For explanation of column headings,
on first page of tables.
Date
Miles
<fec,
see notes
1889 $1,000
1895
1,000
1899
1,000
1899
1,000
1903
1,000
3
292
25
100
Ark. Y.dkW.— lstM.($4,500,000),g.,red. text.SSt o*
As/Uand Goal <e Iron— Stock
22
1st refunding mortgage, $400,000 gold N
Ateh. <£ East'n Bridge— 1st M.g.,s. f., red., text. Ce.
Atchison Topeka & Santa Fe Ry.— Stock, com.. 8,289
Stock, preferred, $131,486,000, 5 p. c, non-cum..
142
Ohio. & St. Louis 1st M. ($10,000 p. m.) our.F..o
440
Ohio. Santa Fe & Cal., 1st mort., gold-BB..c*&r
Un.o*<fcr 8,119
General mortgage, gold, see text
Adj. Inc. M., cum. from July 1, 1900, g., Ce.c'&r.. 8,119
Oklah. Div., 1st M. $10,000,000, g.G..o*<fer 306
East.
Deb., g., Ser.D toL,$2,500,0C0ea.; oaU 105 Gc&r
1900
1898
.
certificates
Atlantic City purch. money realest.mort.M.GP.
Sea Coast prtor lien mortgage, gold
Atl. City 1st con. M., $4,500,000, g., o.& i.gu.GP
a Originally Nov. 1. Interest on *26.112,000
1,000
1,000
1885
1887
1895
1895
1903
1902
1905
1898
1896
1,000
1,000*0
500 &c.
500 &o.
1,000*0
l.OOO&o
1,000 Ac
1,000
1,000
100
1877
1877
1880
1,000
1,000
500
Rentals.
Net over taxes.
To D dt E.
1903-04
$5,84^,569 $2,820,976 $1,025,203 $1,795,773
1902-03
4,608,822
2,006,965
1,053,173
953,792
-(V. 74. p. 1088; V. 75, p. 342, 1147; V. 80, p. 1173, 1362.)
Owns road from Albany to WaterAlbany Ac Vermont
ford Junction, N. Y., 12 miles, Leased to Rensselaer & Saratoga in
1860 and now operated by D. & H. Canal Co. Annual rental, $20,000.
Allegheny Ac Western By.— (See Map Buff. Roch. d& Pitts.)—
Punxsutawney to Butler, Pa. (about 60 miles), opened Sept. 4, 1899.
An extension of Buffalo Rochester & Pittsburg, to whioh leased in
perpetuity for guaranty of bonds and 6 p. o. on stock. Uses Pitts.
& West, from Butler to New Castle and Pittsburg under a trackage arrangement, making in all 135 miles. See application to list in full, V.
Oross.
BR.—
849.— (V. 71, p. 501; V. 74,
p. 774.)
Allegheny Valley Railway.— Owns from Pittsburg to Oil City
Pa., 133 miles Red Bank, Pa., to Driftwood, 110 m others, 20 miles;
;
Organization, <fec— Reorganization March
1892, of the Allegheny
Valley Railroad, foreclosed per plan In V. 53, p. 324, 368, 520 V.
54, p. 409, 524. Road controlled by the Pennsylvania RR. Co. as majority stockholder, owning $9,664,150 of the $10,544,200 common and
$11,876,654 of the $17,172,810 of 3 p. o. cumulative preferred stock;
authorized issues $12,000,000 and $18,000,000, respectively, in $50
1,
;
shares. Wording of pref. certificate was in editorial of Supplement
of Oct. 30, 1897, p. 3. Leased to the Penna. RR. Ang. 1, 1900, for 20
years, rental being the net earnings. V. 70, p. 27; V. 72, p. 491.
Bonds.— General mortgage is guaranteed by Penn. RR. by endorsement on each bond. Heal estate mortgages, Jan. 1, 1905, $734,564.
p. 1477, showing gross, $4,409,535; net,
taxes, etc., $1,210,865; bal., def., $453,672. (V. 78, p.
Report for 1904, V. 80,
$757,193;
1391; V. 8U, p. 1362,
Int.,
147 7.)
A He n town R It. —Topton to Kutxtown, Pa.. 4^2 m.; Heading system
Allentown Terminal Railroad.— Owns 3*2 miles of railroad in
A lien town Pa., connecting the East Penn. (Philadelphia & Reading)
with the Central of New Jersey. Leased for 999 years to Philadelphia &
Reading and Central of New Jersey (by assignment from Lehigh Coal &
Navigation Co.) at interest on bonds and 5 p. c. on $450,000 stock (par
$50), Donds being guaranteed, principal and interest, by Philadelphia &
Reading (foreclosed) and Lehigh Coal & Navigation. The Phlla. &
Reading Ry. Co. in 1896 assumed the Reading's share of the old
lease.
Ann Arbor Hit.— (See Map Detroit Tot <6 Iroiiton).— Owns road
from Toledo, O., to Frankfort, on Lake Michigan, 292 miles; operates
car ferries between Frankfort, Mioh., Kewaunee and Manltowoo, Wis.,
and Menominee and Manistique, Mich. Wabash uses Toledo terminals.
Organization.— Successor Nov. 1, 1895, to Tol. Ann Arbor & Nor.
Mich., foreclosed under Qulntard-Lawrence plan In V. 59, p. 782. In
June. 19<>5, the. Detioit Toledo it Ironton RR. (which see) acquired
$3,<'01,C0i> pref stock and $2,190,000 common stock. V. 80, p. i456.
Stock.— Common, $3,250,000; preferred, $4,000,000; 5 p. o. noncumulative; par $100. Pref. stock cert. Supp. Oct 30. 1897, p. 3.
Bonds cover entire property, including terminals and freight boats
Earnings.— For li mos. ending May 31:
11 mos.—
Gross.
Net.
Oth income. Charges.
Bal.. sur.
1901-5
$1,769,453
1903-4... 1,808,341
$549,497 $50,960
$305,619
$293,833
493,538
327,(33
8.891
175,3^6
Annual Report.— Report for 190^-04 was in V. 80,p.l359, showing:
Fear end June 30—
1904.
1903.
1902.
1901.
Gross earnings
$1/321,017 $2,037,214 $1,893,410 $1,754,148
Operating expenses.. 1,475,133
1,443,761
1,373,056
1,309,163
Net earnings
$503,914
$593,453
$520,354
$144,985
Net income
$515,809
$f20,*54
$593,453
$444,985
Deduct— Intert st
280,0(0
275,884
280,185
281,331
5i»,95f>
Taxes
51,439
52.312
49,733
Balance, surplus.
$175,853
$266,131
$1*7,857
$113,921
President, Joseph Ramsey Jr.; Sec, D.C.Tate; Treas H. B. Hen-
1970— (V.
Annapolis Washington Ac Baltimore
Arizona Ac Utah Ry.— Owns McConnico
son.
Directors,
May, 1905, V.
,
80, p. 1970, 2456).
V. 75, p. 1301.
to 3>fl miles beyond
Chloride, Ariz., 25 miles; trackage, Kingman to McConnico, 4 miles.
8tock. $600,000; outstanding June 30, 1903, $467,000; par,
$1C0. The Atoh. Top. <fe s. F. has acquired practically all the stock
and bonus. V. 80, p. 10^8. For year ending June 30, 1»03, gross, $55,983; net, $10,743; chargee, *20,040; bal., del., $9,297.— V. 80, p. 1058.
80, p.
RR.—
Arkansas fllidlaud RR.— See page 463.
A rkaus <m Missouri Ac Kantian RR.— V. 79, p. 102.
Arkansas Southern RR.— Owns Eldorado, Ark., south to Winn-
fleld, La, 100 miles.
is proposed, of which
4 g
i g
5 g
4 g
4 In 1904
4g,
4g.
4 in 1904
5 In 1905
6 our
5g.
J.
&
&
&
J.
New York and
Q.-J.
A.
J.
J.
Dividend.
July
July
Apr.
July
Phlla.
Extension from Winnfleld to Alexandria, 45 m.,
10 in. was complete.! in Jan., 1904. V. 76, p 704
Stock authorized. $3,160,000; outstanding, $1,262,000; par, $100.
Bonds h re limited to $12,500 per mile or matn track. Year ending
June. 30, 1901, gross. $15~0,537; net, $194.16.^; other income, $2,97o.
total deductions, $115,855; balance, sur., $81,2b0.
President and
Treasurer, Geo. W. Hunter; Vice-President, H. C. Brown; Seore
tary, W. H. Crouch. (V. 76, p. 704, 751.)
A rkansas Vallej A Western RR.— Tulsa.I. T., northwesterly to
Avard, 17 ft miles, completed Mar. 1, 1904. Operated by theHt. Louis A
San FranoiKCO RR. V .78, p. 49. 8tock $4,500,000, and bonds are all
1,
1,
1,
1,
1,
1919
1995
1929
1929
1953
&
N.Y., Metropol. Tr. Co.
O. N. Y.,N.Y.Sec.
Tr. Co.
J. Missis.Val. Tr.,St.Louis
J. New York and St. Louis.
&
&
&
&
J. N. Y., Cent'l Trust Co. July 1, 1928
D. Checks mailed fr. N. Y. June 1,1905,2
A.
do
do
Aug. 1, '05, 2i«
8. N. Y., 5 Nassau Street, Mch. 1, 1915
J.
do
do
Jan. 1, 1937
&
Jan.
Q.-M. Check from Co.'s office June 20, '05,
M. & N. N.Y.,N.Y.Sec&Tr.Co. May 1, 1925
J.
J.
F.
M.
J.
A.
&
&
do
do
do
do
do
do
do
O.
See a
&
4 g. F. &
J. &
J. &
I g A. &
5 g.
7 in 1904 M. &
A. &
4
7o. J. &
A. &
4
&
4g.
See text.
&
&
6
&
5g.
5 g. M. &
M.
-
pal.When Due.
by Stocks—Last
S.
A.
D.
J.
O.
do
do
do
do
do
do
do
Oct.
July
Mar.
Feb..
June
Jan.
Oct.
1995
1995
1928
1,
1906 14
1, 1955
I, 1928
1. 1940
1,
1,
N.Y.Cent.Tr.Co.,54Wall Mar. 6, '05, 3 **
do
do
O.
Jan. 1, 1907
do
do
J.
Jan. 1, 1907
do
do
Jan. 1, 1907
O.
S.
June
1903
1,500,000
D. N. Y., Standard Tr. Co.
1,000
100
1,232,200
Atlanta, Oa.
J.
1881
1,000
1,232,200
do
J.
do
337 1904
4,090,000
1,000
Old Colony Tr.Co.,Bost.
J.
83 1889
1,000
2,200,000
N. Phlla., Read. Ter. Bldg.
1900
75,000
A. & O.
do
do
1,000
4>a
"66 1898
350,000
Philadelphia,
5g. A. & O.
All.
1901
i",6bo
1,064,000
do
4 g- J. & J.
has be en sta mped p ayable M. & N. V.70. p. 944.
Annual Report.— Earnings for years ending June 30
70, p.
7,000,000
334,000
1,262,000
4,500,000
773,500
300,000
575,000
101 ,955,500
114,173,730
1,500,000
560,000
146,634,500
51,346,000
6,12H,000
22,500,000
See text.
195,000
6,000,000
1,700,000
500,000
4,250,000
750,000
Bonds—Prlno *s
INTEREST OR DIVIDENDS.
Rate per When Where Payable and
Cent.
Payable
Whom.
$450,000
100
100
Bd8.,$50,000,000,conv.cOTn.stk.,red.txt.Moc*<Sr
Hatch. & So., 1st M., g.,red.l05 b-g. 1908. OBc* i'4"i
372
S. Fr.& San Jo. Val., 1st M.,g.,callaft.l915.Me.c
269
A tlanta <& Charlotte— Stock (see text)
Pref. M. (old 7s ext. in 1897), see V. 64, p. 286.C* 265 ifi
1st M. [ votingpower, 10 votes for each bond] our.r 265is
Income bonds (not cum.) extended in 1900
A tlan. Knoxv. <6 No. Ry.—See Louisville & Nashv ILLE.
Atlanta Terminal—1st M., $1,500,000, gold.S.o*&r
"86
Atlanta^ West Point— Stock
Debenture
Amount
Par
of
of
Road Bonds Value. Outstanding
AUentmon Term'l— 1st M., guar.p.<fcl.(end.)g.Ce.xo*
Ann Arbor— 1st mort., $7,000,000, gold.Mp x...c*
Arizona <£ Utah— 1st M., $600,000, gold.N
C
Arkansas Smcthem—l^tM., $1,350,000, g.MSt
Atlan.&Birmingh.— 1st M., $12,000 per m.OB..o*
Atlantic Oily— 1st M., $2,200,000, gold ..GnP.xc*
Size, or
[Vol. lxxxi.
1,
1953
See text.
Co' s option.
Jan.
May
Apr.
Apr.
July
1,
1,
1,
1,
1,
1934
1919
1930
1948
1951
&
owned by
San Fran. Bonds are subject to call at par and
St. Louis
interest on and after July 1, 1912, or at any time at par if an extension is arranged at a lower rate of interest. President, C. Q. Jones,
Oklahoma City, O.T.; Sec, John B. Linden.— (V. 78, p. 1167.)
Ac Spartanburg RR.—See Southern Ry., Carolina Dlv.
Ashland Coal Ac Iron Ry.— Ashland to Straight Creek Junction,
Ashevllle
Ky.,22m. Ches.A Ohio has trackage over this
road. The mining interwere in Jan., 1902, transferred to Ashland Iron & Mining Co., stock
being reduced from $1,547,000 to $773,500. Bonds, see V. 71, p. 27.
Year ending June 30, 1904, gross, $173,228; net, $81,456; interest,
and taxes, $$29,698; dividends (4 p. c), $30,940; ba'anoe, surplus for year, $20,818. Total surplus June 30, 1904, $241,302. Dividends In 1895-96, 4 p. c; in 1896-7, 4 p. c; in 1897-8, 4 p. c; in
1898-9, 4 p. c; in 1899-0, 4 p. c; June, 1900, to June 20, 1902, 6 p. 0.
yearly (II9 p. c. Q-M), and in June, 1902,3 p. 0. extra; Sept., 1902,
none; Dec, 1 p. 0.; since to June, 1905, 4 p. 0. yearly (Q.-M.) Directors,
Oct 1903, V. 77, p. 1532. President, Robert Peebles; Sec and Treas.,
Frank B. Moore— (V. 77, p. 1532.)
Astoria A Columbia River RR.— Goble to Seaside, Ore., 79
miles; branch, Warrenton to New Astoria, 2 miles; trackage, Goble to
Portland, 40 miles; total, 121 miles. Stock outstanding, $1,619,000;
par, $100. Bonds authorized, $8,000,000 100-year gold 4s, due Aug.
7, 1996, Interest F. & A., Issuable at $40,000 per mile outstanding,
$3,280,000. Central Trust Co., Trustee. In 1903 interest on bonds
was paid; previous Interest reported to be unpaid. Year ending June
30,1904 gross, $475,181; net, +179,462; other inc., $3,427; charges,
$151,9^1; bal.. sur., $30,938. Pres., A. B. Hammond, Astoria, Ore.—
ests
,
;
(V. 77, p. 2158.)
Atchison Ac Eastern Bridge.—Owns railroad and wagon bridge
at Atchison, Kan., connecting with the union station. Used by the
Atoh. Top. & Santa Fe, the Chic R. I. & P., the Mo. Pao and the Chlo.
Burl. & Quin. A reorganization of the Chic & Atoh. Bridge Co. foreclosed Mar. 4, 1898, per. plan V. 65, p. 366. Stock, $700,000; par,
$100 per share. A sinking fund equal to the difference between the
annual interest on the outstanding bonds and $30,000 will retire
bonds yearly at par and interest (by lot if not purchasable in the open
market).
Year ending June 30, 1904, gross, $116,477; net. $90,869
other inc., $2,743; Int. and sink, fund, $30,255; div., $14,000;bal., sur.
$49 3*7. Pres. and Treas., H. P. Eells, Cleveland,
(V67, p. 578.)
(The) Atchison Topeka Ac Santa Fe Railway.— (See Map)—
The system operated July, 1904, comprised 8,300*92 miles of
railroad, and embraoed an unbroken line of track from Chicago,
111., via Kansas City, Mo., and Albuquerque, N. M., to the Pacific Ocean;
also to Galveston, Tex., and the Gulf of Mexloo.
For operating and statistical purposes the system is divided as follows'.
Miles.
6,822-53 Rio Grande
Atchison T. & S. F
El Paso....
20 17
Gulf Colo. & 8. F
1,32905 South. Kans. Ry of Tex . . 129-17
Total of all
8,30092
Also owns stock of the Santa Fe Pres. & Phoenix and oontrols the
Northeastern, 672 miles in all. V. 75, p. 680. In 1900, aoPecos Val.
quired control of Gulf Beaumont
Kansas City and Gulf Beaumont
Great Northern, whioh are leased. V. 76, p. 751;
77, p. 1224 also
nearly all the stock of Arizona & Utah, 25 miles. V. 80, p. 1057.
Leases Cane Belt RR., 104 miles (entire stock owned), for 5o years
jrom July, 1905.
O—
&
.
A
&
V
A
;
Organization.—This company was organized on Dec. 12, 1895.
under the general laws of Kansas, by the purchasers at foreclosure
sale of the property and franchises of the Atchison T. & Santa Fe RR.
Co. in accordance with a reorganization plan. V. 60, p. 658.
The railway company in July, 1904, owned in fee 6,483 miles of the
system, and also all, or nearly all, the bonds and stocks of the
various companies in which the title to the other lines is vested. V.
68 p. 974. A list of such holdings is in the general mortgage (In V. 62, p.
732, 733, and successive annual reports). See V.69, p. 1300; V.71, p. 27.
In Mar., 1903, the Eel River & Eureka, In Northern California,
together with the California & Northern, 51 miles, was acquired In
the Interest of the company. V. 76, p. 653. The stockholders voted on
Deo. 11. 1902, to purchase the Santa Fe PaclfioRR.,etc,V. 75, p. 980.
San Franoisco & San Joaquin Valley Ry. was merged in June, 1901.
In July, 1905, a out-oil was under construction from Belen,
N. M., to probably Portales, on the Pecos Valley, shortening the main
,
about 200 miles. V. 75, p. 28, 980.
In Nov., 1903, the San Francisco & Northwestern Ry., building
from Alton, Humboldt County, Cal., southerly to a connection with
the Atchison near Point Richmond, on San Francisco Bay, over 200
miles, was purchased. Phoenix A Eastern, see V. 77, p 633, 1294, 2279.
The Jasper <fe Eastern Ry., with $200,000 stock, was incorporated in
Nov., 1904, to build from Kirbyville, Tex., to Alexandria, La., about
100 miles, with various branches, of which 50 miles northeast from
Kirbyville is almost completed.
In Sept.. 1904, Union Pacifio interests, It was reported, acquired
$25,000,000 of the stock to ensure harmonious relations between the
properties. V. 79, p. 1331, 1954, 2146; V. 80, p. 649.
Stock.— The preferred stook has preference as to assets and noncumulative dividends not exoeeding 5 p. c per ann., as declared by the
board of directors out of net profits. No other mortgage and no
increase in the preferred stook can be made without the consent of a
majority of all the preferred stock and of all common stook represented at a meeting. The total authorized amount of preferred stook is
line
July,
1905. j
RAILWAY STOCKS AND BONDS.
297
.
RAILWAY STOCKS AND BONDS.
298
RAILROADS.
Miles
Date
Size, or
Amount
Par
For explanation of column headings, etc. see notes of
Road Bonds Value. Outstanding
on first page of tables.
of
,
Atlantic OoastlAne Co. (Conn.)— Stock, $30,000,000
Ctf h. of Indebt., Inc., non-oum., $6,000,000.r.SBa.
do
do
do
red. atl05aft'r20yrs.SBa
do
do
do
red at par after 5 years...
Atlan. Coast Iiine
Stk., common (text) ..
Class "A" com. stk. tax exempt (Rich.
Pet. otfs.)
Preferred stock, 5 percent
1st oonsoL
0*&r 3,975
$80,000,000, g„ text Us
Col. tr. M., gold, sec. by L. & N. stook.red.l05o*&r
"90
1st M. on Jack.
Soathw., $2,000,000, g.SBa.c*
Certificates of indebtedness (new) $25,000,000..
RH.—
M
&
,
&
do
do
(old)
..
Bonds Underlying 1st Consol
No. East
1897
1900
1905
1902
1902
1904
1902
1900
& WeLgen.M. ($938,000 are4s).SBa.g..*o
Yad.Div.,lstM.g.(San.toWiL,N.C.&c.)SBa..O«
Wil. & New Bern, 1st M., gold, assumed. SBa.
NoT.&Car.,lstM.,g.(P.Pt.,Va.toTar.,N.C.).Ce.oC
2d mortgage, gold SBa
8av.Fl.&W.l8tM.,g.($2,444,COOare5s)I*Ipo*&r
Charleston & Savannah, gen. mort gold. SBa. c*
Wilm.
.
Bruns.&W.lstM.Bruns. to Albany, g.,gu.?tjp .c.
Ala. Mid., 1st M., g.(Bainb. to Montgom.) Mp.ic
Florida South'n. let mort $5,000,000, g, A B o*
Sanford & St. Petersburg, 1st mort., gold.PeP.
Ashley River 1st M
,
102
239
696
68
68
22
27
479
151
90
110
110
548
111
169
174
244
146
not exceeding $1,250 for each $1,000 of old bonds... $16,500,000 $2,3SP,383
bonds from reorganization of 1889
604,960
1,500,000
C Chicago & St. Louis 1st mortgage 6s
1,500,000
1,600,000
For improv'ts, terminals, second track, equlp't, etc.,
at not exceeding $8,000,( 00 yearly, of which not over
$760,000 for extensions
30,000,000
6,615,101
20,000,000
For acquisition of Atlantic & Pacific and other lines
6,731,554
The Adjustment Mortgage (Abstract V. 62, p. 739) is to the Central
Trust Co. as trustee. Interest is payable only out of net earnings
for the fiscal year up to 4 per cent in each year
Interest
was non-cumulative till July 1, 1900, and cumulative thereafter.
Present issue is limited to $51,728,000, but when the $30,000,000 general 4s authorized for improvements as above have been issued (1. e.,
not before June 30, 1905), $20,000,000 additional adjustment 4s may
De issued for the same purposes at not exceeding $2 ,000,000 in any one
year, but only by a majority vote of the adjustment bondholders. Interest—In Nov., 1897, paid 3 p. c; since, full 4 p. c. yearly.
The Eastern Oklahama division 4s of 1903 ($10,000 000 authorized)
will be issued for extensions; the present issue of $6,1'J8,000 is
secured on lines completed in 1004, viz.: Paul's Valley to Newklrk,
Ind. Ter.. etc.. a total of 306 miles. V. 76, p. 434; V. 79, p. 1331.
The $30,000,000 debenture 4» of 1902 were Issued to pay for new
equipment, new mileage, permanent Improvements, etc; $2,500,000
paid off yearly. No new mortgage on lines owned when the debentures
were issued can be made without securing debentures thereunder. See
statement, V. 74, p. 1 50, 204; also V. 75, p. 680. The debentures maturing, having been paid from cash in the treasury, are not inoluded in
the income account. V. 77, p. 2338.
As to convertible bonds of 1£ 05 see General Finances below.
San Francisco <fi San Joaquin bonds may be drawn at 110 after 1915.
Finances.— Capital expenditures from organ'n to June 30, 1904, V.
73, p. 1311; V. 77, v. 632; V. 79, p. 1340-1. Bonds per mile July 1,
Interest charge, $1,179. V. 79, p. 1339.
1904, $29,176
The stockholders on Jan 24, 1905, authorized an issue of $50,000,000 bonds, convertible at the option of the holder into oommon stock,
and subject to call for redemption at such times and prices as the
company may fix. Stockholders in Apr., 1905. subscribed at par to
$32,420,000 bonds, payable 25 p. c Apr. 8, 37 1* p. c. July 5 and 37»«
p. o. Sept. 30. 1905. tne proceeds to be used to complete lines under
construction, build additional branches, feeders and second tracks,
reduce grades on main line, purchase additional equipment, and provide a fund for other capital requirements. The first issue of convertible bonds is convertible at par between June 1, 1906, and June 1,
1918, and may be called at 110 on any Interest day, but when called
may be converted into stock provided the time for conversion has not
expired. No new mortgage on lines owned Jan. 1, 1905, shall be
made without securing the convertible bonis thereunder. V. 79, p.
2695; V. 80, p. 471, 649.
LATEST Earnings.— 11 ) 1904-5.Gross, $62,495,233; net, $21,165,643
mos.,JulyltoMay31. 5 1903-4.Gross, 63,053,732; net, 24,379,652
Deducting taxes and rentals, balance for interest in 11 months of
b Non-assentinsi
;
;
1904-5 was $19,134,769, against $22,211,828. Road operated 8,318
average miles In 1904-5, against 8,300 miles in 1903-4.
Report.—Annual meeting third Thursday in October. Report for
year 1903-04 was given in v. 79, p. 1325, 1339; see also page 1302.
Tears end. June 30—
1904.
1903.
1902
1901.
Aver, miles operated
8,180
7,965
7,855
7,807
Gross earnings
$68,171,200 $62,350,398 $59,135,086 $54,474,822
Operating expenses 42,222,032 38,437.110 33,909,268 32,262,946
Net earnings.... $25,949,168 $23,913,288 $25,225,818 $22,211,876
1902-08.
1903-04.
Net income.... $27,197 942 $25,231,281
Dividend on pref erred stock.
Dividend on common stock
Bal.,surp
$2.419401
9,418,800
1902-03.
(2.198.464
9,134,486
$15,869,741
(6J)6.'0-.690
$18,8(«H,832
(5)1)6.708.690
(4%) 4,078,220
(4$)4,O78,220
$6,672,881
Balance, surplus for year
$4,111,422
Officers.— Chairman of Executive Committee, Victor Moraweti; E.
P. Ripley, President; D. L. Gallup, Comp.; H. W. Gardiner, Asst. Treas.
Directors.— Charles Steele. R. Somers Hayes, Edward J. Berwlnd, Geo. Q.
Haven, U. II. Rogers. H. Rleman Duval, Thomas P. Fowler, Victor
llorawetz, New York: B. P. Cheney, Boston; Edward P. Ripley, Byron L.
Smith, Chicago: Andrew C Jobes, Wichita; Howel Jones, Charles 8. Oleed,
Topeka: U.
C. Frlck, Pittsburgh.
Office.- 5 Nassau
St.,
N.
Y.— (V.
Dividend.
-
1883
1,000
1880
1,000
1898
1,000
1881
1,000
1881
1,000
1875 500 &o.
1890
1,000
1885
1,000
1899
1,000
1897
1,000
1889
1,000
1896
1,000
1884
1,000
1886
1,000
1888 500 Ac.
1888
1,000
1895
1,000
1894
1,000
$131,486,000, of which $10,800,000 is reserved to acquire other
also $6,486,470 in special trust for improvements, extensions, etc. Pref. stock certificates in Supplement of April. 1897, page
3. Common stock authorized, $152,000,000. V. 79, p. 2695.
Dividends (p. c.)-) 1899. 1900. 1901. 1902 to 1904.
1905.
On oommon
>
3^3
4 yearly (J&D)
June, 2
4
5
5
On preferred
5 yearly (F<teA)
)
2H
Bonds.—The Gen. Mort. (Abstract V. 62, p. 731-739, see also V. 68,
p. 974) is to the Union Trust Co of N. Y. as trustee, and gives a lien,
either by direct mortgage or by collateral trust, on the entire system
of 8,119 miles of railroad owned, together with all the equipment and
terminals owned by the company, and future acquisitions.
General mortgage 4s (limited to $165,490,500).
^l^.^^Inlwi
a To retire cuaram ee fund notes paid and car trusts at
Net earnings.... $26,949,168 $23,913,28^ Taxes, etc
Other Income.... 1,248,774
1,317,993 Interest
Whom.
Payable
Cent.
$100 $10,500,000 8 in 1904 Q.-M.
Baltimore.
100 &c.
In 1904 paid 5 p. o.
5,000,000
5 our. J. & D.
100 &o.
In 1905 paid 4 p. o.
5,000,000
4
J. & J.
100 Ac.
3,0< 0,000
In 1905 paid 4 p. o.
J. & J.
4
100 42,980,000 See text. J. & J, Treas. Of., Wilm., N. C.
100
do
1,000,000 See text. J. & J.
do
100
1,726,700 5 in 1904 M. & N.
do
do
l.OOO&c 42,638,000
M. & S. N. Y., U. S. Trust Co.
\ g M. & N. N.Y., J. P. Morgan &Co.
l.OOO&o 35,000.000
4 g.
1,000
698/00
4 g. J. & D. Bait., 8 Dep. & Tr. Co.
100 &0. 21,404,000
M. & N. Treas. off., Wilm., N. C.
4
100 &o
do
1,700
4
J. & J
do
lines;
1903-04.
Bonds—PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks—Last
4s.
M., g., Flor. to Charlest'n.c
Wilm. Col. & Aug., 1st M., (Wilm. to Columbia).
At.C.L.of S.C.,genlst M.(lston44m.) g.SHa..o*
Petersburg M., class A, gold
class B. g., (Petersb. to Weldon)
Do
Richm d & Petersb., 1st mort. ($24,500 are 7s) ..
o*
Con. M„ g. (Rich, to Pet., etc.). Ce
(B.C.), cons.
[Vol. lxxxi.
80, p. 2456; V. 81, p. 30, 210.
657,000
1,600,000
5,547,000
868,000
6g.
6
4g5g.
6g.
800.000
340,500
6 &7
300,000
4»a g.
4,000,000 4g.&5g
2,000
4g.
108,000
4g.
1,320,000
5 g.
400,000
5g.
6,500,000 5 g.& 6 g
1,500,000
7g.
1,406,000
4g2,800,000
5g.
2,418,000
4g.
275,000
4g.
33,500
8
&
&
J.
J.
J.
J.
A.
M.
&
&
&
&
J.
Richmond,
J.
Offloe.
do
do
O.
N.
& O.
& J.
& D.
P. & A
A. & O.
J. & J.
A. & O.
J. & J.
J. & J.
M. & N.
J. & J.
J. & J
J. & J.
A.
J.
J.
N.Y.,CtylerM. A Co.
D. N.Y.,lstNat.Bk.& Bait.
J. Bait.. Safe D. & Tr. Co.
N. Y.,
J'ne 10,'05,294
Irredeemable.
July 1,'05,
July
Oct.
Jan.
June
July
July
Oct.
Bros.
Apr.
July
Brown
N. Y., Metropol. Tr.
May
do
do
Co
do
do
1,
1,
1,
1952
1952
1954
1,
1,
1,
1,
1933
1910
1948
1926
1926
1915
1940
1935
1949
1947
1939
1946
1934
1936
Deo.
Irredeemable.
Irredeemable.
do
do
N.Y.lst Nat.Bk.A Bait.
Bait., 8. Dep. & Tr. Co.
do
do
N. Y.. Central Trust Co.
Bait. Safe Dep. &Tr. Co.
N. Y., U. 8. Trust Co.
do
do
do
do
2%
Jan. 1. 1925
July 10/' 5,2ia
July 10/05,2 1«
May 10/05. 2i«
June
Aug.
Apr.
July
Apr.
Jan.
Jan.
Nov.
Jan.
Jan.
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1.
1,
1,
1,
1,
1938
1928
1945
1924
1915
Atlanta & Charlotte Air Line Ry.— (See Map Southern Railway System. )—Owns Charlotte. N. C, to Atlanta, Ga., 269 miles.
The operating contract of 1881 accepted by the Southern Ry. requires the payment of interest on At. & C. debt and 5 p. 0. on stock;
if gross earnings exceed $1,500,000, dividends to be 6 per oent; and
if
they exceed $2,500,000, 7 per oent.
Dividends, ) 1881 to'89. 1890. 1891 to Mar., 1901,inol.
Since,
5*8
6 yearly (M. & 8.) 7 yrly. (M.&8.)
Per cent— S 5 yearly.
Gross, $653,930. net. $173,263
Latest Earnings.— 2 mos. ) 1905
Mar. 1 to Apr. 30
$1904. ...Gross, 602,446; net, 169,946
Earnings.— For year ending June 30, 1904, gross, $3,523,917,
agst. $3,168,628 in 1902-3. Pres., C. S. Fairchild, N.
Aihiniii Knoxvlllc
June
cV
Y.— (V.
73, p. 553).
Northern By.— The
17, 1904, to consolidate with Louisville
&
stockholders voted
Nash. V. "18, p. 1548.
Atlanta Terminal Co.— Owns union passenger
station opened
bv Southern Ry., Central of
Georgia Ry. and Atlanta & West Point RR. Stock, *75,000, owned in
equal proportions by the three companies named, which pay all
oharges and expenses on car basis. V. 76, p. 593, 1394; V. 77, p. 699;
May
14, 1905, with approaches, used
V. 70,
p.
1970.
& West Point RR.—Seepage 463.
Atlantic A Birmingham Ry.— Waycross, Ga., via Fitzgerald
ana Cordele, to Montezuma, 140 miles; Fitzgerald via Tifton and
Moultrie to Thomasville, 80 miles; Brunswiok t<> Nioholls. 84 miles,
Atlanta
with branch. 4 miles; Bushnell Station via Irwinville, to the Alla-
paha River, 33 miles; total, 341 miles. History, V. 80, p. 115. Brunswick & Birmingham RR., completed from Brunswick, Ga., to Irwinville, 162 miles, including 28 miles of trackage, purchased at foreclosure on Aug. 9, 1904. V. 78, p. 1391,1548; V. 79, p. 151, 680.
In Mar., 1905, It was proposed to build an extension from Montezuma, Ga., to Birmingham, Ala., 241 miles, with branch 'o Atlanta,
Atlantio Ry. In May,
under the charter of the Atlanta Birmingham
1905, contraot was let from Montezuma west to La GraDge, 96 miles.
V. 80, p. 1173.
In Apr., 19 J5, the Wadley & Mt. Vernon Ry.. Wadley to Rookledge,
Ga., 40 miles, was reported to be acquired. V. 80, p. 1362.
Stock and Bonds.—Stock authorized, $15,000 oommon and $6,000
Preferred stook per mile; outstanding, $4,923,800 common and $1,69,900 preferred. The 1st 5s of 1904 are Issuable at $12,000 per
mile owned, constructed or acquired. They are subject to call at 110
after Jan. 1, 1909. See V. 77. p. 2279; V. 80, p. 710. Equipment obligations June 30, 1904, *450,837.
Latest Earns.— 11 mos.,) 1904-5.. ..Gross, $919,381; net, $270,343
619,244; net, 192,065
July I to May 31.
) 1903-4... .Gross,
Surplus over oharges, $10(5,040, against $108,273 in 1903-4.
Report for year ending June 30, 1904, in V. 80, p. 115, showing
on 220 miles, gross, $672,229; net, $226,049; int. and discount,
$118,182; bal., but., $107,866. Prest, W. G. Raoul, Atlanta, Ga.;
Auditor, W. J.Swain, Wayoross, Ga.
Directors— W. G Raoul. Atlanta; Geo. Dole Wadley. Wavcross; Gordon Abbott. B. ston; H. M. Atkinson. Atlanta; Percy R Pine, 52 Wall St., N. Y.; B. H.
Williams, Alex. Bonnvman. W.J. Swain and C. F. Redding, Wayoross, Ga.—
(V. 79, p. 6b0, 1265; V. 80, p. 1 1 5, 710, 1173, 1362.)
&
RR.—
Camden to Atlantio City, 57 m. (double track);
Atlantic City
branches, 54 m.; Winslow Junction, to Cape May, N. J., Sea Isle City,
Ocean City total, 168 miles A consolidation in June, 1901, per
Stock, oommon, $2,625,000;
plan in Chronicle, V. 72, p. 1278.
preferred, $1,000,000 (par, $50). The Reading Co. owns the greater
part of the stook, and guarantees the oonsol. 4s, prinoipal and
Of the latter, $2,650,000
interest. Form of guaranty. V. 75, p. 1398.
are reserved to retire prior lien bonds and $786,000 for improvements.
See V. 73, p. 81. There are also outstanding $23,500 Seaooast RR. ser.
A 5s and $2,834 ser. B 5s. For year 1903-4. gross, $1,479,724; net,
$174,952; fixed oharges, including $90,850 extraordinary expenses,
$206,696; bal., def., $31,744.-(V.75, p. 1398.)
Atlantic Coast Line Co.— {See Map.) -Organized May 29,
1889, under the laws of Connecticut, and owns a majority of capital
stock and a large amount of the bonds in a system of railroad companies described under the title of the Atlantio Coast Line RR. below.
Stock.— As to certificates of indebtedness, see editorial, Oct., 1897,
Sup., page 3. V. 65, p. 564; V. 71, p. 1310. In 1898 $5,000,000 stook
was distributed as a 100-per-cent dividend (V. 67, p. 954), and In
1900 $10,000,000 4% certificates of indebtedness (including $2,500,000 of Atlantic Coast UneRIi. Co.) also as a 100-p o. dividend.
V.71, p. 697; V. 73, p. 493. As to securities pledged to eeoure equally
the certificates of Indebtedness, see V. 71, p. 1310; V. 80, p. 598.
1905.
Cash Drvs. 5 1896. '97. '98. '99. '00. '01. '02. '03. '04.
Inol. June, 4
5 413 6*3 8 8
4 4**
3
3»a
Per oent— \
Full interest has been paid on the certificates of Indebtedness to
July, 1905. Balance sheet Jan. 20. 1905, V. 80, p. 598. Chairman of
Board, Henry Walters; President. Warren G. Elliott.— (V. 80, p. 995.)
{See Map.)— Operates from RichAtlantic Coast Line
mond and Norfolk, Va., on the north, to Fort Myers, Port Tampa and
River Junction, Fla., on t he south, and Montgomery, Ala., and Augusta, Ga., on the west, reaohlng the ports of Norfolk, Va.; Wilmington, N. 0., Charleston, 8. O; Savannah and Brunswick, Ga., and Jacksonville and Port Tampa, Fla.
;
RR.—
\
—
—
July,
A
RAILWAY STOCKS AND BONDS.
1905. J
I
Jofrnsouburg
299
\£inporiuzn
I
"Ibock
Have
llkesbarr©;
Cautoo
Muncie
Urbatva^V
\i^~-x\. °|
st -/fn
avtoux
^4^f Hamilton^/
Brre Hautfi^V?
\%5
-£?-.
,
yXema-^^Waslirngton
L-
/^^^^ol\
.cTnc N N AT
I
"|j
IarieUa
;
t\TAV
ft
^|?Jl^^
\
W
/HARRISaUR(%sPA. _ TRE.NTpN^f,*
/^ V^§>~-U___ «.\M«.' N E W
PKI
E LPmTR^fjLL-/^
ni
b
/
.
tM
/
"'
BALT
T
7
"aiVcrsburg
I
Strasbut^
Westor/A Elfins
GalliiSulls
'lev
,T
V
A
I
•
J
/o
yhr^Lice,
\V.
I*>eaericksburg
$7*ICHl\i °***H"
^ftSferxXV'
T~-~<--^ i' 4
p tr£H5BU RGf
Koanoke^i---:
=
-
</J£U
'
^—<W
V-^g-% ^'^""^l \ ^„/,^V:> -VV
>tA/ve>^
G r«qr\5{ &i0R y Cre^ m /\ >. ^Kopinn'Vh's point
fl-^NC v^rftfflFOLK'
:*^C Pulaski^^Radford
-^f. Pulaski iS^Radfurd
.
<', \,
Orangepil___5vfSp,
Jf^.
Cvnn^ny^//^-v^^^
/Manassas
./ JT% ^^Ife^^Jf
//
/,i
•
Annapolis \iWg.Cape Ma ?
^/frW*!
/
/'•-/
/Horton
J-lckeny
/
\
'
:
:
k
Bjg.Ston^ „
^-BnstoJ/ Springs
"(Cumberland Gap //
/
v]
r-
l0
a}
Clarks
z
^IC-Yei:uon>i-rCoviaKton//r\N(;wport
'
j.
/~\/
Wheeling/
^H7MBUS/
V A
l/
^
/
/
Connellsville
Z
ond
T lu
/,
c
„
S y'
n'
ttsburo/
Steuben ville]
&
\
e]/n
Qjr
V
:ie%S^{,U
Stuart cr
R Y. EMPORIA JJ
|£Toy.kitrs
,-jf^
PORTSMOUTH
~W* u "T "fifflW
_.
'W
i
Gates
Tunis y
'liar leys/
Mt.Airy
Eogefsville/Oohnson C/ty
/\ ,.^'ilkesboroWinston-Salem^
"wtT^S^
V^ranbLTrv
-?\ s
Isfewport
Lenoir ex
Mocksville^
Newton^^v^
^V\
5^\ °\
>
A
?
V
^- — T Stalesville' \
s„
A VI
Li ^' ?•*Kuthe>fordtona^^_j>-V-=4Charlotte\ x^\
iIar.vvillr^_A slievill
aryv^ne
A'shev^Sv
,
( /sO°"
;
^HSalisburA
RUl/0\
.
°i
PR
^opfirVcr*^
/
15
s On,W
\
\XN "
o
»
Plymouth
" StSi
~WW
©WASHINGTON^))/)),
< Gadsden
(Cedar,
Z/Cv/
J3ir(riingham
\
^>^\/Sylaciuga
ra
1
Georgetown
G
\W/ "fX\
^oanoke?
illedgeville
Opelik^-k
^*
/
Girar(Ca*r
NfCHAR LESTON
ONTGQMCflK'
nus
JU ^S/V/Anierit
:i
>
SYO^n'g'S ISLAND
SNPubliD
"c^^J/^
(/O
3PRAGUE
\
£
/^"J.^^m
iv\\e
1
.
v.
(Colli
JCordele
?^i^ V*'^'%
s
ABBEVILLE
'«/„><,
"
4
•''/.
Andalusia^
-\\\«
^C
\\?\
'
<
.
/a.Ru
.BRUNSWICK
Ff6lks,ton
\
<S=
/
*
NASH,
-clirernandina
DMONTICELLO \Jlja
?/
Tallahassee
»^f'
/VSt-MarksT
O
^
^.-.
^L,
Cape San
Y
H
"^c;
V
kV
/
f^|i^Sr5lk 1^
.
^
x24lL /^fi'* i\ >S4>Augustine
OJET
THE
ATLANTIC COAST LINE
avion a
G
MAP
Bla
U
- homosassa1V*^J^HbS^#JU\
\\Wf\JTA
fit;ge«ald""
F
Thonot'Msa.
TAMFSA,
PORT T«M»|A|'?Pj8<
>k
—auchuli
"<
tSlKL
XWS
1
Eden -;WV
RAILWAY STOCKS AND BONDS.
300
RAILROADS.
&o., see notes
,
1888
64
275
275
1903
189*4
1903
94
1880
"88
3
5
1894
1879
1879
"27
—
1881
1886
1888
1898
1898
1999
1898
1901
1901
1904
IT
1853 500 &0.
1S6S
1.000
377
J.
7
A.
4g.
J.
J.
775,000
4 I.
100
1,797,200 3ee text.
1,000
325,000
6
£<fe$100
5,484,000
6
lOOO&c.
5 g.
(?)
$100
1,022,900
5
1.000
11400,000
5 g.
l.OOO&c
225,000
4g.
100
3*2
225,000
50
1,535,000
10
1,000
304,000
6 our.
100
358,000 3 In 1905
1,000
1,250,000
5 g.
500
48,500
6
100 &o.
72,800
6
50
390.600
5 &7
1,000
230,000
6
1,000
680,000
5 g.
1,000
240,000
5g.
100 124,272,060 See text.
100 59,982,751 4 in 1904
500 &o. 74,000.000
3iflg.
500 &C. 71,000,000
500 &0 45,000,000
3!flg.
500 &c a 6.175.480
3*2 g.
1,000 abt.30,000.000
4g.
1,000
582,000
4g1,000, &0
4ifig
8,915,000
165
"53
85
4g.
3.600
3,925,000
F.
J.
&
&
&
&
&
&
M.
J.
J.
J.
J.
J.
<fe
.
July 1, 1918
Irredeemable.
July 1, 1948
July 1. 1948
A. Check from Co.'s otfioe Aug 1, '05,11*
J. Bait. ,N1. F'rm'rs'A P.Bk July 1, 1917
S. London and Portland. Mar., 1905. 3%
J Boston, Intern. Tr. Co Jan. 1, 1944
J.
Savannah, Ga.
July 5, '05. 2*1
D. N. Y., J.P.Morgan & Co Deo. 1, 1924
J. Bait., Safe D. & Tr. Co, July 1, 1953
J.
New York, Erie RR. July 1, '05. 1\
A.
Aug. 1, '05. 5%
J. Phila.,F.lR8.Tr.&8.Dep Jan. 1, 1910
Checks mailed.
J.
July 1/05, 4%
S. Phila.,Broad St. Stat'n
Sept. 1, 1934
& Meo. Bk.
Farm.
do
do
do
do
do
1929
1929
1905
1931
1936
May
1938
Co.'sOfflce,2Wall8t.N.Y Sept. 1/05,2 i%
do
do
Sept.1,'05. 2%
do
July 1, 1925
do
If
do
do
July 1, 1948
do
do
July 1, 1925
J
*
do
do
Nov. 1, 1925
M. & N.
do
do
Nov. 1, 1941
M. & S.
do
Moh. 1, 1911
do
M. & N.
New York.
May 1, 1906
A.
4
.1
e.
&
&
&
&
Dividend.
J. N. Y., U. 8. Trust Co
O. Treas. Wilmingt'n, N. C.
J. N. Y., Mercantile Tr. Co.
J. N. Y.,Tr. Co. of America
&
F. &
J. &
J. &
M. &
J. & J.
J. & J.
J. & J.
J. & J.
M.& N.
M. & N.
M. & S.
M. & S.
4g-
116,000
64.000
Whom.
Payable
Cent.
$495,000
1.000
1,000
1887
Usui
1st mort. 3 1* per cent.
Loan, 1853, extended In 1885, gold
Pltt.&Con..lstM..ext. In 1896 in sold
$1,000
1900
1904
&
a
Amount
100
384
Pitts. Jo.&Mid.Dlv.($20,000,000)lstM.g.Ce.c*<fcr
W. V.Bys. ref.,g.,red.lOO aft.'25 Un.o*Ar 1,642
P. L. E.
Conv. deben., $15,000,000, gold, red., see text...
Bonds Underlying
Size, or
Par
32
Baltimore A Marrisburg RR.—M., gold. Me Ba.C
15
1st M. West. Ext. ($16,000 p. m.), g., gu.Me Ba.c*
Ohio—Common stock, $125,000,000
Baltimore Jt
Pref. stock, 4 p. o., non-com, auth. $60,000,000..
Prior lien mort., gold, not subj. to oall.Me..o*<fcr 1,076
let mort., gold, red., at 105 after 1923.Ug..o*<fer 1657
Southwest'n Dlv. let M., $45,000,000, g.F..o*&r 930
Coll. trust notes, gold.
Date
of
of
Outstanding
Road. Bonds Value.
Atlantic Ooast Line RR.— (Concluded) —
811. Sp. O.A G., 1st M.,g.(Ooala to Inv.&br.)Ta.c
W11.& Wei. ctfs.of ind. for div.l887,non-oum.,ino
Atl.di Danv— 1st M.,$4,425,000,g.,int.rental.Me.c*
2d M., $1,525,000, g., Int. rental. .Ta
Atlantic <& No. Carolina—Stock, $1,800,000
1st mortgage, $325,000.. RIeBa
Atlantic dk St. Lawrence Stock, 6% rental Grand Tr'fc
Atlantic <£ Western— 1st
$3,000,000, g.IB
Augusta dk Savannah Stock 6% rental Central Ga..
Ce.xo
Augusta So.— 1st consol. M.. eold
Augusta Union Station— 1st M., $250,000, gold. SB
Avon Oencseo <6 Mt. Morris RR.—Stock (see text).
Bald Eagle Valley—Stock, $2,600,000
1st M. orig. $400,000 (s. f., drawn at 100)...FPxr
Baltimore dkAnnap.S.L. -Stock, common
Baltimore Chesapeake <6 Atlan.—lBt mort., g.ITIp.c*
Bali. <t Oumb. vol. Ry.— 1st mort., interest rental.
Bolt, it Oumb. Val. RR.— 1st mort.. Interest rental
B. <f O. T.RR.Exten.-etk, gu. ($270,000 carries 7 p.o.)
1st mortgage, Interest rental. Ba
—
Bonds—Prlnoi
INTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Stocks—Last
-
Miles
For explanation of column headings,
on first page of tables.
—
M
[Vol. lxxxi.
&
*
Bait.,
do
do
do
do
do
J.
1,
1,
1,
1,
1,
1,
Oct.
1,
1.
do
do
do
do
O.
July
July
July
July
Nov.
July
1935
1946
Coup., M.-N.; reg., Q.-F.
& Coup., A.-O.; reg., Q.-J.
Coup., J.-J.; rag., Q.— J.
In addition $7,635,050 are pledged as part collateral for the Pittsb. L, E. &W. Va. System 4s.
'
Atlantic Coast Line
RR.— (Conoluded)-
Lines owned.
Miles.
to Port Tampa,
897
Fla
Norfolk, Va., to South Rooky
115
Mount
Richmond, Va.,
—
'1903-4.
—
Lines owned (Con.)
Banford to St. Petersburg, Fla.150
Palatka, Fla., to Brooksville 145
Branches, etc
1,534
IT See these companies.
Leased
Miles.
Central RR. of 8. CarolinaLane to Sumter, 8.
40
40
Otberlines
.
—
105
Contentnea to Wilmington
Wilmington, N. C, to Pee Dee
97
Junction
Florence, S. C, to Augusta,Ga.l66
43
Bumterto Columbia
4,319
Total In earnings
Yadkin Jet. (Wilmington,N.O.,)
Controlled, op. separately.
116
toSanford
6,356
Jesup,Ga.,to Montgomery, Ala353 U Louisville & Nashville
340
169 fl Charleston A West.Caro.
Brunswick, Ga., to Albany
71
Dupont Jet. to Fort Myers, Fla.349 fl Northwest'n RR. of S. Car.
Also owns one-sixth interest in the Richmond- Washington Co. and
one-half Interest in Atlanta (Ga.l Belt Line Co., 5*3 nilles. Leases,
Jointly with the Louisville & Nashville RR.. the Georgia RR., which
operates and controls 614 miles.
—
p.
893; V. 71, p. 1116, 1310; V. 80, p. 598.
Savannah Flor. & Western Ry. ("Plant System"), which owned and
oontrolled 2,234 miles, was merged July 1, 1902. V. 74, p. 774, 829
The Jacksonville & Southwestern, Jacksonville, Fla., to Anderson. 90
miles, was acqnired in July, 1904, and is being extended tO miles
In Nov., 1904, the
V. 79, p. 732, 2204.
Macon Dublin
&
Savannah,
to Vidalia. Ga., was purchased by Atlantio Coast Line interests. V. 79, p. 2084.
In Oct., 1902, aoquired 930.600,000 of the $60,000,000 Louisville &
Nashville RR. stock for $10,000,000 cash, $35,000,000 in 4% oollat.
V. 75, p. 733, 792, i>05; V. 79, p. 785
tr. bonds and $5,000,000 stock.
Macon
Stock.— Atlantlo Coast Line RR. of Va., class A, tax-exempt stock
was assumed as so much of the common stock of the new company.
In Nov., 1902, the authorized common stock was Increased by $15,000,000; of the new stock 585,000,000 was given in part payment of
Nashville stock, $8,500,000
controlling Interest in the Louisville
additional being subscribed for as part of the same transaction at
$125 per share. In Nov., 1904, the authorized common stock was increased to $ jO.000,000; of the new stock, $7,330 000 being Issued as a
20 p. c. scrip civldend, raising the total amount outstanding to $43,980 000. V. 79, p. 2204; V. 75, p. 1252.
The preferred stock ($18,850,000) was in 1902 mostly exchanged for
125 per cent In 4 per oent certificates of indebtedness. V. 75, p. 1252.
&
DlviDtNDS(p. c.\—
Common
1905.
>1900. 1901. 1902. 1903. If 04.
*5
3**
5
5
2*t
May,2i«
5
5
5
) 2»«
5
stock scrip and 5 p. c. in Atlantlo Coast
unci, cl.ss "A")... >
Preferred (M &N.)
* Also 20 p. c. in common
Line Co. 4 p. o. certs of indebtedness. V. 79. p. 2..04.
On certificates of indebtedness in full to July, 1905, lnol.
$19,682,456
12,612,337
$7,717,882
1,530,000
$7,070,119
387,952
765.C0D
$9,833,036
$4,692,015
857,538
1,632,500
86,335
*8,223,071
$4,174,448
1,055,595
1,620,000
94,076
$2,364,647
$1,278,953
traffic
come from other souroes (est. for
Dividend on L.
N. stock owned
I t.
58\154
1904)..
<fe
Total net receipts
^interest on bonded debt, etc
Interest on certs, of indebtedness
Dividends on com. stock (5 percent)
Dividends on pref. stock (5 per cent)
Balance, surplus
. . .
Organization— .Originally the Atlantlo Coast Line of Va. (change of
Taame being authorized April 23, 1900); April 18, 1900, absorbed by
consolidation (per plan V.70, p. 840, 893) the following allied properties: Wilmington & Weldon RR., South Eastern RR., Atlantic Coast
Line railroads of South Carolina and Virginia Norfolk & Carolina RR.
The Florida Southern and SanfordA St.Petersburg were merged in Apr.,
1903, the $4,*41,000 Fla. So. 4s and $775,000 Sanford & St. Petersburg 4s being offered the privilege of exchange for 90 p. c. in Atlantlo
Coast Line consol. 4s. V. ^6, p. 918, 971. The Atlantlo Coast Line Co.
(of Conn.) owns a majority of the stock. See that company above.
V. 70.
Net receipts from
1902-3.
$20,544,975
12,827,093
Gross receipts
Operating expenses and taxes
Includes 12 mos. interest, or $1,400,000, on L. & N. col. trust bonds
in 1903 4; in 1902-3, 9 mos. interest, or $1,050,000.
Officers.—Chairman of Board, Henry Walters; President, R. G.
li
Erwin; 1st Vioe-Pres., Alexander Hamilton; 2d Vioe-Pres.. C.
S.
Gads-
den; 3d Vice Pres., T. M. Emerson; 4th Vice- Pres., J. R. Kenly; Gen.
Man., W. N. Royall; Sec. Herbert L. Borden; Treas., James F. Post.—
(V. 80, p. 1174, 1727; V. 81, p. 208, 263.)
Atlantic
Danville Ry.— (See Map Southern Jty.)—West Norfolk, to Danville, Va., 203 miles, three branches, 22 miles; James River
Junction to Claremont (3 feet gauge) 50 miles; total, 275 miles. Leased
to Southern Ry. from Sept. 1, 1899, to July 1, 1949, for taxes, repairs,
maintenance and cash rental sufficient to cover interest charges, with
privilege of renewals for terms of 99 years. In addition the Southern
Ry. agrees to pav the same rate of dividends on common stook as paid
on its own common stook. V. 71, p. 447; V. 79, p. 625.
Stock.—Common, $2,180,800 Pref. shares were canoeled prior to
July 1, 1904. See V. 71, p. 181, 862; V. 73, p. 722, 956; V. 79. p. 625.)
Bonds.—Of the $4,425,000 fours of 1900 $500,000 oan be issued only
for improvements upon request of Southern Ry. interest charges to
be covered by increased rental. Of the $1,525,000 second 4s, $775,000 were issued July 1, 1904, and $750,000 balance will be on July
V. 77, p. 195.- (V. 79, p. 785, 967.)
1, 1909.
Atlantic
Gulf Short Line— See V. 73, p. 615; V. 76, p. 1354.
Atlantic A Lake Superior By.—In July, 1904, operated MetaSedia, Quebec, to Paspeblao, ICO miles (Bale des Chaleurs Ry.); owned
t. Gregoire to Nloolet, 7 m.; St. Francis to Yamaska, 6 m.; Yamaska
to Sorel, 10 m.; Laohute to St. Andrews, 7 m.; total, 130 miles. Was
under construction. Paspeblao June to Port Daniel, 21 m.; Plerreville
A
A
to Nloolet, 15 m.; St. Gregoire to Chaudlere June, 67 m.
The reorganization plan filed in Dec, 1904, given in V. 80, p. 161,
provides for retirement of old securities and outstanding obligations
by issue of now securities, viz.: $750,000 4 p. o. first debentures (int.
acorulng from July 1, 1905) and $750,000 5 p. c. second debentures
(int. from July 1, 1906), due Jan. 1, 19 6, or earlier at option of oom
pany, Int. J. & J., and $1,500,000 stook in $100 shares.
During year 1903-4 road was operated by trustee for bondholders.
Stook authorized, $10,000,000; par, $100 issued, $2,602,500. Bonds
For year ending June 30,
outstanding as collateral, *500.000, 4s.
1904, gross, $57,3 46; net, $11,663. President, Hon J. R. Thlbaudeau;
Sec, Edgar N. Armstrong, Montreal.— (V. 80, p. 161, 1970.)
Morehead City to Goldsboro,
North Carolina
Atlantic
N. 0., 95 m. State of N. C. owns $1,266,500 of $1,797,200 stook.
Leased from Sept. 1, 1904, to Jan. 1, 1996, to Atlantio & North Carolina Co. for interest on bonds, taxes, etc, and dividends at 3 p.o.
yearly for 20 years, increasing J-2 per cent yearly every 10 years until
thereafter, 6 p. c; lessee also agrees to expend
5 p. c. is reaohed
$250,000 by Sept. 2, 1907, for inipiovements and equip. V. 79, p. 967Dividends.— ) '93. '94. '95. '96. '97. '98. *99. 1900-04. Underlease,
see above.
Per oent.
Earnings.— For year ending June 30, 1904, gross, $331,333; net,
$109,512; interest, taxes, etc., $30,683; in provements, $41,879; baL,
surplus, $36,950. President, Marsden J. Perry, Providence, R. I.;
Vice-lrsf., Frank S. Gannon. 621 Broadway, N. Y. Gen> ral offices,
Goldsboro, N. C.-(V. 79, p. 1331.)
;
RB.—
A
;
Bonds.— First
consol.4s of 1902 ($80,000,000 authorized, limited to
920,000 per mile) are a first lien on about 791 miles of road and a
blanket Hen on the remaining 3,133 miles owned, subject to the underlying bonds. The first consols are issued or reserved as follows:
Issued for refunding, etc. V. 75, p. 76; V. 77, p. 1872. V. 78.
$42,638,000
p. 819; V.81,p. 263
Reserved to take up underlying liens
28,393,6
Reserved for extensions, improvements and equipment.. 8,968,350
A mortgage for $2,000,000 was authorized in Nov., 1904, to acquire
the Jacksonville & Southwestern, Ja ksonville, Fla., 10 Anderson,
90 miles, and to extend the road 80 miles. V. 79, p. 2204.
As to the *35,0OO,OO0 collateral trust 4s of 1902 see "Organization"
•bove. Tiiey are subject to call at 105 in amounts not less than $100,OOO Car trusts $30,000, due $10,000 quarterly, Mar., 1905, to Dec,
1906.
Latest Earns.— 1
1904-5. Gross, $20,170,184; net, $7 313 406
18.780,784; net, 7,050,416
July 1 to May
S 1903 4 Gross,
For 11 monthj ending May 31. 1905: Other income, $2, jo 5. h>3;
wges. $V210.390; b .1 for dividends, $4,306,819; dividend at 5
p. c. lor year calls for +2,102,085.
Report
ta V. 79,
p.
1 mos.
31.
)
ending June 30, 1904, was given at
2^00, 2209 (see also editorial, p. 2176).
for the vear
length
522
02222
Atlantic Quebec A "Western By.— V. 81, p. 210.
Atlantic Valdotita &. Western By.—See Georgia
8o.
& Flo.
Fr.
A Savannah BB.—Mlllen to Augusta, Ga., 53 miles,
In 1895, re-leased to Cen. of Georgia at 5 p. c on stock.— V. 61, p. 239.
Auguota Southern BB.—Owns from Augusta to Sandersvllle,
Auguata
Ga., 80 m. , and Sandersvllle & Tennllle RR., 4 miles. The Southern Ry.
In Jan., 1901, acquired about four-fifths of the stook. V. 73. p. 343.
Com. stock, $400,000; pref., $350,000; par, $100. Year ending June 30,
1904, gross, $142,212; net $8,884; interest on bonds, $20,000; det.,
$11.116. -(V. 72, p. 935; V. 80, p. 2219, 2456.)
Auguwta | iiion Station Co.— Owns union passenger station at
Augusta, Ga., used by all roads entering the city, the latter under
their operating oontract providing for interest on the bonds aud 4 p.o.
alvldends on stock. Stock, $75,000 (o p. c paid In), held equally by
.
RAILWAY STOCKS AND BONDS.
.July, 1905.]
RAILROADS.
Miles
Date
Size,
or
Amount
30 r
jfviutt— fruioiINTEREST OR DIVIDENDS.
pal.When Dne.
When Where Payable, and by Stocks— Last
Rate
Par Outstanding
of
of
For explanation of oolumn headings, Ac, see notes
Per cent. Payable
Road. Bonds Value.
on first page of tables.
Ohio—( Con.)— Bonds Underlying So
o*
W. RR., etc
Bonds Underlying Pittsb. JnNO. & Mid. D
Baltimore
dt
UTHW esteb n Division 3^)8.
$4,000 Var.,
B. <feO. 8.
Cent.O.,$2,500,000,oon.lst M.(lstl'n) g.ITIeBa.o
Sand. Mans. & Newark, $2,300.000, 1st M.Un.o*
o*
Pittsb. Juno., 1st mort., $1,440,000, gold. Me..
o*
2d mortgage, $300,000, gold.OTe
Pitts. Jo. Ter. 1st M., $500,000, g., gu. p.& l.Me
Bonds Underlying PiTTSB'g Lake Erie
Clev.Lor. & Wheel. Cons. M. (now 1st) g.Uim.o*
General mort., $1,000,000, gold, red. 105.N...0
Con.ref.M.,$10,000,0(,0,g.,red. atl02ia.Col.o*
&
144
116
7
7
West
192
192
102
88
30
72
172
209
33
11
13
Rlplev <fe Mill Cr'k 1st M.,g., gu. p.Al.,end.o*&r
Pittsb. Clev. &Tol. IstM., g., called 125 Feb.l..'03
L. E., 1st mort., ext. In gold
Pittsb. Newcastle
West., 1st (cons.) M. $10,000,000, g..c*
Pittsb.
Ellwood Short Line, 1st M., gold, $300,000. . .«
W. Va. &P., IstM. g,5s, scaled; red.par.MeBa.c*
77
30
215
&
3
176
Leased Lines,
Etc., Securities.
Bait. & N. Y. RR., 1st M., gold, guar.MeBa.04r
Mon. Riv. Coal M., $1,500,000, g., s.f., red. at par
Schuyl. R. E. S. RR. 1st M., g., guar. p. <& i., end.
S. I. Rap. Tr., 1st M., $1,000,000, g., $ or i.Us.o*
5J*
"l2
11
New mortgage
S. I.
B.
$5.000.000
Ry., 1st mort., $1,000,000, gold. Me
"l3
o*
1,009,000
1886 $1,000
638,000
1869
1,000
959,000
1882
1,000
*250,000
1894
1,000
* 19 1.000
1887
VlRGI NIA 48.
5,000,000
1893
1,000
890,000
1896
1,000
950,000
1900
1,000
3,302.000
1895
1,000
700,000
1,000
1889
228,000
1900
1,000
2,000,000
1886
1,000
2.941,000
1887
1,000
376,000
1890
1,000
303,000
1892
1,000
50,000
1888
1,000
444,000
1,000
1882
82,100
1878 100 <fcc
1887
1,000 abt.770,000
300,000
1890
1,000
4,000,000
1890
1,000
1889
1895
1903
1883
1905
1893
1,000
1,000
1,000
1,000
i'.obo
X350.000
848,000
5,000,000
xl,000,000
See text.
511,000
& O. Equipment Obligations—
Real estate and car trusts June, 1905
Baltimore & Potomac— See Phila. Baltimore
Bingor <& Aroostook—Stock, see text
1st mortgage ($16,000 per mile) gold.©
2d mortgage, gold.Usm
x Largely owned by or for Baltimore & Ohio.
& Wash
o'
*
RR.— Owns road from
22 miles. In 1897 acquired control of
Annapolis Washington & Baltimore RR. Co., owning 3,575 out of 3,580
shares of its stock, all pledged under the mortgage, which was sold
in Dec, 1902, to the Washington Baltimore & Annap. Electric Ry.
for $367,400. The $334,000 bonds were oalled and paid June 1,
Annapolis Short Line
Cliffords to Annapolis, Md.,
1903. V. 75, p. 1301. Common stock issued, $358,000; there
$500,000 of preferred stock authorized, but none issued.
Dividends-
>
1898.
1899. 1900.
1901. 1902.
1903. 1904.
is
also
—
&
&
1
1
Baltimore & Cumberland (RR. and Ry.)—The Railroad
ex-
tends from State Line, Md., to Waynesboro, Pa., 4-55 miles; stook
$76,700 In $50 shares. The Railway extends from Edgemont, Md., to
State Line, Pa., 3 miles; stock, $42,500 in $100 shares. Both are leased
to Western Maryland RR. for 50 years from July 1, 1879, with privlege of renewal or purchase; rental, interest on bonds.
& Cumberland Valley Extension RR.—Waynes-
boro to Shippensburg. Pa., 26"52 miles. Leased to Western Maryland
RR. for 50 yearsfrom July 1, 1881, with privilege of renewal for interest on bonds and divid. on stock, amounting in all to $42,730. See
table above and V. 75, p. 665 Year ending Sept. 30, 1900, gross
earnings, $301,096, against $269,695 in 1898-9; net (over taxes),
$168,007, against $134,548— (V. 75, p. 665.)
Harrisburg: RR.—Emory Grove, Md., to OrrBaltimore
tanna, Pa., 59 miles, with branches, 7 miles, total, 66 miles. Leases
Bait. & Harrisburg Ry., Western extension, Orrtanna to Highfleld, 15
miles, guaranteeing interest on its bonds. Leased to Western Maryland
RR. for 50 years from Oct. 25, 1886; rental, interest on bonds and 5
p. c on preferred stock (all paid M. & N.) Stock, common, $690,000;
pref., $29,100.-(V. 44, p. 812.)
Baltimore & Ohio RR.— f See Map).— Road.— Operates from Baltimore to Philadelphia and Baltimore to Chicago, Cincinnati and St.
Louis, the total mileage leased, owned and operated being In July,
1904, 3,987 miles. The " Royal Blue Line" (see Central RR. of N. J.)
gives the road access to New York.
The system embraces, subject to the mortgages, the following lines:
(1,076 miles) Miles. Pittsburg & Western
7219
Prior lien 3%%
&
M—
Bait, to Wheeling, Belpre, O., etc. ..721
Cumberland to Pittsb. & W., etc. 356
1st M. 4%.— (681 miles)
Baltimore to Philadelphia and brs.137
.
Pittsb. Cleveland & Toledo
Pittsb. Painesv. & Falrport
Eastern Ohio
Trumbull & Mahoning
77
53
17
11
378 Mononuabela River RR
30
Branches to Fairmont, W. Va..etc... 66 ('lev. Terminal & Valley
92
Cleveland Lorain & Wheeling Ry
South, W. Div. SH% M.—
Wheeling to Cleveland, .jtc
Belpre, O.. via Cincin. to St. L„ etc. 930
T195
PitU. June. Sii% M.— (384 milesjAfiies Ohio River RR. Lines.
Benwood to
Bellalre to Midland City, O
)
o 77
T265
°" West Virginia Wheeling, etc
Short Line RR
Shawnee to Sandusky,
5
58
7 Ohio & Little Kanawha RU
Pittsburg Junction RR
74
<Vf.(*l,642m.)
P.L.E.4cW.Va.S\is.i%
176 Total of all (adding Baltimore
West Virginia & Pittsburg
Beltand other lines')
4,442
» Ineludes 384 m. also covered by Pitts. Jet, 1st M. 7 See tuts company.
Chicago,
111.,
to
Akron
&
O.
6
5
g.
g.
g.
5g.
4*2 g.
4
5
5
5
5
6
6
6
6
g.
g.
g.
g.
g.
g.
g.
g.
g.
4g.
4
5
g.
g.
4g.
5
5
g.
g.
4g.
6g.
4^g.
S.
J.
J.
J.
& D.
& J.
& N.
F. & A.
M. & S
J. & D.
& O.
& A.
& J.
F. & A.
A. & O.
J. & D.
J. & J.
F. & A
A. & O.
M. & N.
J. & D.
J. & D.
A. & O.
J. & D.
.
do
do
do
do
do
do
do
do
do
do
do
do
Allegheny. Pa.lstN.Bk
N.Y., J.P. Morgan & Co
do
do
do
do
do
do
do
do
do
do
do
do
New York
do
Bait., Am.
do
Bond'g &
1.
Apr.
1,
1,
1,
1,
1,
1,
1,
1,
1,
Jan.
1,
1,
1,
1,
1939
1945
1925
1913
June
l,
1943
July
1, '05, 2
1, 1943
1, 1945
Nov.
Feb.
Moh.
Aug.
July
Aug.
Oct.
June
Tr.
Deo.
May
June
N. Y., foot Whitehall St
New' York
City.
1930
1909
1922
1922
1907
June
Jan.
Y
Co.*80fllce,2 WallSt.N.
1,
1,
1,
1,
1988
1936
1930
1995
1919
1950
1986
1937
1920
1922
1908
1922
1917
1917
1920
1990
Oct.
June
July
Jan.
Apr.
City.
1,
1,
1,
1,
1,
1,
1,
Jan.
July
byB.&O.
History.—Receivers were appointed in February, 1896, but on July
1899, the road proper was returned to the company, the reorganization plan (in V. 66, p. 1235,) having been consummated without
foreclosure and the road vastly improved In physical condition.
The B. & O. Southwest, was reorganized per plan In V. 67, p. 688,
1,
the oonsol. mortgage of 1893 having been foreclosed. In 1900 new
seourltiea were Issued under the plan of reorganization of the Cent.
Ohio and other leased lines. V. 67, p. 688, 1109, 1206, 1356.
In 1901 $68,565,000 (virtual control) of the
Reading Co.,
1
$ 40,000,000 Reading Co. stock, consisting of $12,130,000 first preferred, $28,530,000 second pre'erred and $27,905,000 common was
acquired, the Lake Shore & Michigan Southern Ry. Co. (Vanderbilt
M. S.,
system) taking about one-half. In 1904, the B. & O. and L. S.
it is supposed, eaoh sold $3,950,000 of the common. V. 76, p. 101; V.
80, p. 1856. In 1903 a one-sixth interest in $6,924,200 of the $11,OOu.000 Hooking Valiey Ry. common stock was acquired. V. 77, p.
1225; V. 79, p. 2746.
&c—
&
Pennsylvania RR. Interest.— The Pennsylvania RR. Co. purchased
a large Interest In 1900-01 and on Jan. 1, 1905, owned directly $21 ,480,000 preferred and $30,293,300 common stock; also— through, the
Northern Central and Phiia. B. & W. (each owning one-half)— $2,000,000 preferred and $1,562,000 common stook, and through the Pennsylvania Co. $5,000,000 preferred and $11,044,600 common stock.
V. 70, p. 76; V. 74, p. 528; V. 78, p. 1276.
1905.
8
6
7
5
6
6
7^
7»a
Percent.
)
Year 1903-04, gross, $167,693; net, $61,485; taxes, $6,098; div., 7*3
(V. 76, p. 809.)
P.O., $26,850; surplus, $28,537
Atlantic Ry.—Owns Claiborne to
Baltimore Chesapeake
Ooean City, Md., 87 miles; branch, 1 mile; total, 88 miles; from Claiborne to Baltimore, 44 miles, transfer is made by water; steamer lines
owned, 1,426 miles; total mileage owned and operated, 1,514 milesControlled by Penn. RR. and allied lines. V. 69, p. 541, 590; V. 59,
p. 371. Pref. stook, $1,500,000 5 p. c cum.; common, $1,000,000.
Div. on pref., 2 p. c. paid Mar, 6. 1905. V. 80, p. 1058.
The stockholders voted on Jan. 26, 1905, to acquire a majority
Virginia Ry., extendof the stock of the Maryland Delaware
ing from Queenstown, Md., to Lewes, Del., withbranob.es, a total of 84
miles, and guaranteeing $2,000,000 of its first mortgage bonds. See
that Co., V. 80, p. 116. 05f
Fiscalyear now ends Dec. 31. Report for 16 mos ending Dec. 31, '04
was in V. 80, p. 1420, showing gross, $1,124,009; net, $203,879; other
inc., $8,550; taxes, $3,165; interest, $83,333; extraordinary expenditures, $9,707; balance, sur., $ 16,223. - (V. 80, p. 1362, 1420.)
Baltimore
5
M.
J.
J.
J.
,
;
&
5g. A.
Co.'sOfnce.2WallSt.N.Y Sept.
do
do
Jan.
do
do
July
do
do
July
do
do
Oct.
O.
g.
7
1,550,000 See text, J. & J.
100
J. & J. N. Y., Guar. Trust Co
3,360.000
1,000
211 1893
do
do
5 g. J. & J.
151,000
1.000
211 1895
"Tot al issu ed" sholwn in first 1 eft hand column balance being owned
RR.—
Baltimore
Various.
1,316,517
RR.—
RR.—
&
& Tr.
&
&
&
&
A
4»s
INGTO N.
Southern Ry., Atlantic Coast Line RR. and Georgia RR. V. 78, p.
2333; V. 79, p. 500. President, Thos. K. Scott; Seo'y and Treasurer,
Carlton Hilly er, Augusta, Ga.— (V. 79, p. 500.)
8ee Houston & Texas Centr'l Ry.
Austin Northwestern
Mt. Morris to Avon, N. Y ,
Avon Geneseo Mt. Morris
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. o. for 1 year more and 3%
p.o. thereafter.— (See V. 63, p. 512; V. 62, p. 318, 589.)
Owns from Vail Station, Pa., to LookBald Eagle Valley
haven, Pa., 51 miles; branches to Sugar Camp, etc, 43 miles.
Leased to Penn. RR. Co. for 99 years from Dec. 7, 1864. Rental, 40
per cent of gross earnings. Rental 1904. $371,504; other Income,
$25.665 int., taxes, etc., $41,112; div. (10 p. c), $140,625; bal., snr.,
$215,428. Rental in 1903, $359,998. Pennsylvania RR. Jan. 1, 1905,
owned $706,250 stock.— (V. 66, p. 708.)
&
Dividend.
Various N. Y., Farmers' L.
rv'.3ifl s.
RIe-o*&r
Clev.Term.&Val.lstM.,g.,gu
Monong. River RR., IstM., g.,gu. B. &O.Ce...o*
1st M., $250,000, g
Ohio & Little Kanawha Ry.,
Ohio River, 1st mort. ($2,000,000), gold FP..C*
Gen. M. ($3,000,000), gold, 1st on 39 miles o*
Rav.Sp.&Gl. 1st M., $400,000, g., gu. p.&i.FPo*
Huntington & Big S. 1st M. ($400,000), g., gu.o*
&
g.
Whom.
Stock.— Authorized Issues: Common, $125,000,000, see "General
Finances" below.; pref. 4 p. c non-oumula live, $60,000,000; outstanding, see table above and "General Finances." Pref. stock div.are lim(See V. 71, p. 1166, and edit, p. 1143; V. 72, p. 1186.)
ited to 4 p. c
1901.
1902. 1903. 1904. 1905.
Dividends (p. c)
) 1900.
4
Common
2
4
4
>
4
Below
4
4
Preferred
>
4
4
4
4
In 1905, on common, Mar., 2 p. c; Sept ,2*2 p. o. V. 81, p. 210.
Bonds.— (1) Prior Lien 3 1a%, a first lien on main line and branches.
Parkersburg branch and Pittsburg division, about 1,076 miles of
first track, and 1,325 miles of second, third and fourth tracks and sidings, and also all the equipment now owned of the value of upwards of
$20,000,000, or hereafter acquired. Total authorized, $75,000,000, of
which $5,000,000 to be issued only after Jan. 1, 1902 (at not exceeding
$1,000,000 a year) for the enlargment, betterment or extension of the
properties covered. See application to list, V. 69, p. 30; V. 78, p. 1906.
(2) First Mortgage 4 per cent Bold Bonds, Due July 1 1048, but subjeot
60 call, In whole or in part, after July 1, 1923, at 105; a first lien on
the Philadelphia, Chicago and Akron divisions and branches and the
Fairmont Morgantown & Pittsburg RR., ooverlng about 581 miles of
first track and about 573 miles of second, third and fourth tracks and
sidings: also on the B. & O. Terminal property and the Baltimore Belt
RR. They are also a lien subject to prior lien mortgage upon main
line, etc See application to list, V. 69, p. 30; V. 79, p. 211.
Total authorized issue in no case to exceed
$165,000,000
Of which to retire prior lien bonds in 1925
73000,000
For the enlargement, betterment or extension of the
properties covered by mortgages (1) and (2), or for
extensions, additions or equipment, at not exoeedlng
$1,500,000 a year for the first four years and at not
exceeding $1,000,000 a year thereafter, originally
37,000^00
(3) Southwestern Division 1st Mortgage 3*2 per cents.
Virtually a first lien upon the properties constituting the B. & O. Southwestern RR. system, or the
securities representing the same, covering about 930
miles of first track and about 401 miles of seoond
track and sidings. Totalissue
$45,000,000
Of which issuable only at the rate of not exceeding
$1,000,000 per year for the enlargement, betterment
or extension of properties 00 vered, originally
f, 000,000
(4) B. dt O. Pitts. Jun. <6 Mid. Div. 3^ per cents.
Expeoted to be ultimately a first lien upon the railroads of the
Cen. O. system and Pitts. Juno. RR. Co., 385 miles in allTotal authorized issue in no oase to exceed
$20,000,000
Of which to be issued only at the rate of not exceedir <
$1,000,000 per year for the first two years and
thereafter at the rate of not exceeding $500,000 per
year, for the enlargement, betterment or extension of
the properties covered by the mortgage
5,000,00a
Of which in partial exchange lor old bonds
10^60,000
Sold to a syndicate for cash requirements
4,000,000
Of these bonds $6,175,480 are in hands of the public and $7,635,050
pledged as part collateral for Pitts. Lake Erie & West Va. System 4s.
are
Ifote.—The underlying bonds still outstanding in Dec, 1904, are in
table at top of page. The underlying stocks still in the hands of the
publio aggregated $5 027 par value.
(5) Pittsourg Lake Erie <c West Virginia System mortgage refunding
4 per cent gold bonds (authorized amount $75,000,000) are a lien on
1,642 miles, consisting of the OMo River, Cleve. Lorain <fe Wheeling,
Pittsburg <fe Western, etc, forming a direct connect 'on with Pittsburg,
Cleveland, Fairport, Lorain and Sandusky, subject to underlying
302
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
,
.
July.
RAILWAY STOCKS AND BONDS.
1905. J
RAILROADS.
(?or
Miles
explanation of column headings, &o., see notes
on
first
page of tables.
Ban. <6Ar.(Con.)— 1st M. Pisc.D.,$l,500,000,g.G.O*
G.oS
Van Buren Exten. 1st M., $500,000. g
Aroostook No. 1st M., $225,000, gold
Consol. refund'g mort., $20,000,000, gold.OB.o*
Aroostook County boDd s (assumed)
Nor. Maine Seaport 1st M.,gu., p. & i.Usm..o*&r
Car trusts, $60,000 due A. <te O. yearly.
Bangor dt Portland— 1st mortgage, gold
Bath dk Hammondsport— 1st mortgage, gold
Second mortgage, gold.Ce
Beaver <6 Ellwood— 1st mortgage, gold
Beech Greek— Stock (guaranteed 4 percent by end.)
o&r
1st M., g.guar. p. &1. (end.) K.
2d M. for $1,000,000, g, gu. p. & 1. (end.).lln.cfer
Clearf.Bitmn. Coal 1st M.,int.gu. by Bb. Cr., gold.c
Beech Or. Ext— 1st M., $1,500,000, g., gu.p.&.i.G.o*
Bellingh. Bay <& Brit. Oof.— 1 st M. $1 ,000,000, g. ,s.f
Belt L. By. of Montgomery—1st M., lawful money.c
Belt BB. <£ Stock Yard of Indianapolis— Stock
Preferred stook, cumulative
1st mortgage for $1,000,000, currency
Belt Ry. of Ohattano >g a—1st M., gold. Vf eBa....o
Belvidere Delaware— Stock ($4,000,000)
r
Consol.
fguar. by United Co's,s.f
Co
G
,
mortgage
of 1875
J
)
guar, by United Co's,
—
—
s. f
issue $600,000 reduced
r
-
by s.
f
$4,000,000 (guar, by United Cos., s. f
Berkshire— Stock, 6 p. o. rental
Bessemer <6 Lake Erie Erie equipment trust
Looomotive equipment trust
r
o*
Birmingham Belt— See St. Louis & San Francisco.
Bloomb'g & SulUvan BB.— 1st M., $400,000.. ..FP
2d mortgage, income, non-cum., $200,000. ,.FP
Date
Size, or
of
of
Par
Road. Bonds Value.
77
33
15 13
412
1899
1899
1897
1901
...
'92-'9f>
...,
....
'80-*86
$1,000
1,000
1,000
1.000
1905
10
10
3
160
160
160
....
59
51
1
....
....
....
25
....
82
82
82
82
....
....
30
30
•96'00
1889
1893
1899
1,000
1,000
100
<fcc
1,000
1,000
50
1886
1,000
1892
1,000
1891 100 <fec.
1901 l.OOO&c
1901
1,000
1890
1,000
....
50
...
50
1881
1,000
1895
1,000
50
1885
1,000
1887
1,000
1893
1,000
1903
1,04*0
100
- - .
B
....
1,000
1,000
1898
1898
lmnrov's. See full statement, V. 74, p. 266; V. 79, p. 2793; V. 80, p. 1423.
In June, 1905 holders of the $2,382 COO outstanding Pitts. <te West.
1st 48 were offered the right to exchange at par. V. 80, p 2343.
(6) The 4 per cent debentures of 1901 are convertible at the option
of the holder into common stook at par on 30 days' notioe (see v. 73,
p. 1159); they may be called for payment at par and interest on
any interest day, beginning Mar. 1. 1902, in the inverse order of their
numbers. V 72, p. 282; V. 73, p. 337. 1158; V. 75, p. 549.
Leased Lines.—Schuylkill River East Side 5 p. 0. bonds were
purchased Dec. 1, 1903, at 110, per V. 68, p. 40, and $5,000,000 new 4s
Issued, guaranteed, prin. and int., by endorsement. V. 77, p. 1745.
The West Virginia & Pittsburg (see agreement in V. 67, p. 1310),
has been operated since Sept. 1, 1899, under a 99 years' lease, for 4 per
cent on the mortgage, to be appropriated to payment of bond interest,
the B.
O. having the option for 5 years to purchase the bonds at par
and accrued interest on 60 days' notioe. V. 69, p. 439.
The B. & O. acquired at 125 $1,956,000 of the $2,400,000 Pittsburg
Cleve. & Toledo bonds. V. 70, p. 632 V. 76, p. 47.
In July. 1905 the Staten Island Rap. Transit RR. was authorized to
issue $5,000,000 new bonds, of which $1,500,0j0 for new construction, eto , and $3,500,000 to refund old bonds, including $2,500,000
old bonds called for payment May 28, 1904. V. 81, p. 30.
Finances.—In September, 1901, the authorised issue of common
stock was increased from $45,000,000 to $60,000,000, to provide
for conversion of $15,000,000 debenture 4s issued in March, 1901, for
improvements, eto. (V. 72, p. 282, 337). In July, 1905, $14,408,000
debentures had been converted. Stockholders in 1901 subscribed to
$22,537,200 additional common «tock, at par, [V. 73, p. 1159; V. 74,
p. 150, 266,1 and in 1902 to a further $42,316,860 at same price, raising
the amount outstanding to $124.2^2,000. Of the proceeds of this last
issue, $20,533,000 was applicable to equipment, $9,329,000 to doubletracking between Newcastle and Akron and miscellaneous construction, and the remaining $12,454,000 to acquire stocks, bonds, etc., to
be placed under Pitts. Lake E & W. Va. System mort. V.175. p, 549,|980.
I11 1904, $10,000,000 of 2 year 413 p. c. notes were sold, secured by
a deposit of Reading Co. first and second preferred stock, with a
margin of 25 p. c, the company to have the right to substitute other
satisfactory securities. The proceeds were used in part to retire $2,500,000 Staten I'd Rap. Transit bonds May 28, 1904. V. 78, p. 1446.
In 1905 dividend rate on common was raised to 5 p. c As to Reading Company dividend increase in 1905, see that company.
In Mar. and Apr., 1905. locomotives and freight cars were ordered
at an aggregate- cost of about $12,000,000. V. 80, p. 995. 1727, 1911.
The $10,000,000 equipment bonds of 1901 are due $1,000,000 yearly.
Earnings—From July 1 to June30, 1905 (12 months).
&
;
Gross, $67,689,997; net, $22,979,393
Gross, 65,071,080; net, 21,443,9-15
Earnings of July, 1904, based on 3,986 miles, being entire system
(4,442 miles) except
Valley Kfi. of Virginia, Ravenswood Spencer & Glenville, Ohio & Little Kanawha, Cleveland Terminal & Valley, Cleveland Lorain & Wheeling.
Annual Report.— Report for year ending June 30, 1904, was in V.
79, p. 2452, 2471. (See also editorial, p. 2430.) Average rate per ton
per mile, 5 82 mills in 1903-4, against 5-56 mills in 1902-03; average
revenue train-load, 401 tons, against 416 in 1902-3.
1902-3.
1901-2.
Year ending June 30—
1903 4.
Miles
3,987
3,935
3,884
Freight
$48,617,104 $47,756,251 $43,779,786
Passengers
13,146,449
12,520,988
11,238,537
Mall, express, eto
3,307,528
3,172,395
2,874,172
„..„
#
Total gross earnings
Operating expenses.....
$65,071,081
43,628,864
$63,449,633
39,569,964
$57,892,495
37,006,984
Net earnings
Other inoome (net)
$21,442,217 $23,879,669
2,276,160
1,222,991
$20,885,511
930,096
Total net inoome
Interest and rentals
$23,718,377
$9,627,851
I,3w5,510
427,656
Taxes
Outstanding
$25,102,660 $21,815,607
$8,934,919 $10,162,833
1,239,726
1,175,062
l.iog.S'vs
1,303,939
Discount, commissions, etc ...
Dividends on pref. stook
(4)2,400,000 (4)2,400,000 (4)2,400,000
do
common stock.. (4)4,970,482 (4)4,970.482 (4)3,039,848
Additions and improvements.. 2,000,000
3,500,000
2,500,000
INTEREST OR DIVIDENDS.
Rate per When Where payable, and
'
J*
400,000
200,000
Bonds—IT) nol
pal, When
by
Due.
Slocks— Last
Dividend.
Payable
cent.
5g.
$1,500,000
500,000
t g
225,000
5 g.
4 g.
5,587,000
413
728,000
5 g.
See text.
1 00,000
5 g. & 6
6 g.
320,000
100,000
5 g.
200.000
5 g.
150,000
4g.
4
6,000,000
4 g.
5,000,000
1,000,000
5 g.
749,000
4 g.
3*2 g.
3,500,000
659,000
200,000
1,000,000 6 In 1905
500,000
6
6
1,000,000
5
275,000
1.253,000 5 in 1905
500,000
4
4
749,000
4
500,000
1,000,000
3»a g
600,000
6
5
1,220,000
150,000
5
1,000
1,000
bonds outstanding thereon (see table above). In Apr., 1905, $27,437,
950 additional underlying bonds, including $7,635,050 Pittsburg Junction & Middle Division 3%s, were held in trust as part security. Of
the total issue of bonds $36,674,000 are reserved to retire underlying
bonds and the remaining $11,245,000 are issuable for additions and
1904-5
1903-4
Amount
303
whom.
A.
& O
& O
A. & O.
J. & J
Various
A. & O.
A. & O.
J. & J.
J. & D.
A. & O.
J. & J
Q.-J.
J. & J.
& J
& J.
A O.
& D.
& J.
& J.
N. Y., Guar. Trust Co.
A.
do
do
Jan, 1, 1943
do
do
Oct. 1, 1947
N.Y.,BrownBros.&Bos. July 1, 1951
Sept.l2Julyl5
New York.
Apr. 1. 6 1935
N. Y., Guar Trust Co. To July 1,1910
1930-1936
N. Y., 26 Exoh. Place.
June 1, 1919
New York City.
Apr. 1, 1923
In default.
July 1, 1919
N. Y.,
Grand Cent.
Jan.
Sta. July,
1,
1943
1905.1%
July 1, 1936
do
do
July 1, 1936
do
do
N. Y., Kniokerb'r Trust. Jan. 1, 1940
N. Y, Gr. Cent. Station. Apr. 1, 1951
N.Y.U.S.M&T.Oo.&S.F. Deo. 1, 1932
N. Y. Metropol'n Tr. Co. Jan. 1, 1910
Indianapolis, Co. office, July 1, '05, 3%
July 1, '05, li«
do
do
Q.-J.
M. &N. Phila., W. H. Newbolds. Apr. 30, 1911
J. & J. Bait., Merc Tr. & Dep. July 1, 1945
Philadelphia, Pa. RR. Feb. 24,'05.5%
Feb.
do
Sept. 1, 1925
do
M. & S.
Feb. 1, 1927
do
do
F. & A.
Jan. 1, 1933
do
do
J. & J.
Jan. 1, 1943
do
do
J. & J
July, '05, 113
Stockbridge. Mass.
Q.-J. 15
M. & 8. Home Tr. . o.,Hobok.NJ Mar. 1, 1922
Mar. 1, 1913
do
do
il.& S.
,
Phila., F. I. T. AS.D.Co
Phila., when earned.
5
5
Jan.
Jan.
1,
1,
1928
1928
& Potomat RR.— See Phila. Bait. & Wash. RR.
Bangor & Aroostook RR.— (See Map)—Oldtown, Me., north-
Baltimore
Van Buren, with branches; total 412 miles, viz.:
Miles.
Miles.
Lines owned
96
BrownvUle to Caribou and br. .205 Ashland Jot. to Fort Kent
Aroostook Northern, Caribou
Oldtown to Greenville and B. &
95
to Limestone
16
K. Lron Works
Organization.— Organized Feb. 13, 1891. State of Maine refunds
95 per cent of all taxes levied. For organization see V. 66, p. 855.
The Fish River RR., Ashland, Me., to Fort Kent, 53 miles, was purchased In July, 1903. (V. 75, p. 977; V. 77, p. 35.) The Northern
Maine Seaport RR., incorporated in Notr., 1904, with $360,000
authorized stook, is building extension from La Grange, Maine, to Betfast, with branch to Stockton, on Penobscot Bay, about 70 miles.
Stock.—Common, $1,550,000; 10,400 shares full paid and 100
•hares 5% paid. In July, 1903, $500,000 additional stock, included
above, was issued to purchase the Fish River RR. V. 77, p. 35.
Dividends, l>a p.c, semi-annual Jan., 1904, to Jan., 1905, both tool.;
in July 2 p. 0.
Bonds.— As to gold 5s on Piscat. Division see V. 67, p. 1159; V. 68
Van Buren Extension 5s of 1899, V. 69, p. 952.
84, 329.
&f the consol. refunding gold 4s, $12,500,000 were reserved to pay
off the outstanding bonds, inoluding those of controlled roads, oar
trusts and preferred stook, and to acquire such controlled roads, $3,000,000 for improvements over a series of years and $4,500,000 for
extensions at $25,000 per mile inoluding equipment. V 73. p. 286,
896; V. 74, p. 93. The Northern Maine Seat ort bonds, of which $3,000,000 sold ($5,OCO,000 authorized), are guaranteed. V. 81, p. 265.
Latest Earnings.— 11 mos., > 1904-5.. Gross, $1,967,<>53; net, $712,576
1,858,990; net. 700,426
July 1 to May 31.
\ 1903-4.. Gross,
Surplus over oharges, $200,403,;against $186,787 in 1903-4.
Annual Report— Report for year ending June 30, 1904, in V. 79,
p. 2082, showing gross, $2,015,356; net, $756,414; oharges, $560,070; betterments, $79,500; dividends (3 p. c), $46,500; bal., surplus,
$70,344. In 1902-3, gross, $1,800,168; ;net, $669,609.— (V. 81, p. 263.)
Bangor & Portland Ry.— Portland to Bath, Pa., 29 miles;
Nazareth Jot. to Martin's Creek, 5 m.; other branches, 5 m.; total, 39
miles. Stock, $510,000, all acquired in 1900 by Delaware Lackawanna & West. RR. Dividend (6 p. o.) Jan., 1901; 1902, 5 p.c; in 1903,
4; in 1904, 7; 1905, 8 p. c For cal. year 1904, gross, $236,776; net,
erly to
—
I
|
I
|
div. (8%), $40,800; bal., sur., $6,770.
N. Y., to ffammondsport,
N.Y., 10 miles. Control acquired by Erie RR. in Oct., 1903. In Oct., 1904,
foreclosure suit under first mtge. was pending. V. 79, p. 1954. Stock
$100,000: oar, $100. Year ending June 30, 1904. gross, $33,029; net,
$12,502; int. and taxes, $16,391; bal., def., $3,889— (V. 79, p. 1954.)
$86,204; charges, $38,634;
Bath & Hammondsport RR.—Bath,
Bay of Qulnte Ry.— V. 74, p. 150
Beaumont Sour Lake &. Western Ry.— V. 80, p 2219.
Beaver & El wood R R.—Ell wood Jot to Hazen Coal Mine, Pa.
3 miles. Leased to Pittsburg & Lake Erie RR. for 20 years from May
1899, rental being 40 p. 0. of gross earnings. Stock, $150,000, par
Bonds, see table above.
(See Map adjoining N. Y. Central.)— Road—
Beech Creek
Jersey Shore, Pa.,to Mahaffey,112 m; branohes, to Philipsburg, to mines
1,
of shares, $100.
RR.—
&c, 48
miles; total, 160 miles.
.lease,
From October 1, 1890, leased to the N. Y. Central &
Hudson River RR. for 999 years at interest on bonds and 4 per cent
on stook, and since May 1, 1899, operated directly as a part of its
Pennsylvania division. V. 68, p. 872. Carries mostly coal and coke.
See guaranty V. 52, p. 570. The bonds are endorsed with New York Central's guaranty of prin. and int. See V. 52, p. 570.— (V. 75, p. 1398.)
Beech Creek Extension
—(See Map adjoining N.Y. Central.)
—Clearfield, Pa., to Keating, 52-08 miles; Rossiterto Rossiter Jot., 2 86
m.; MoElhattan to Browns, 1*21 m.; Cataract to Potterdale, 209 m.,
total, 5824 miles; operated from July 1, 1902.
low-grade coal line,
leased to N. Y. Cent. & Hud. River RR. (which owns entire $4,500,stock) for 999 years from May 22, 1901, bonds being guaranteed,
000
nrincipal and interest. The Curwensville <fe Bower, Pittsburgh &
Eastern and Clearfield Southern, aggregating 71 miles, with 20 miles
of traokage, will q« merged, the consolidated company to be leased to
N. Y. Central for 999 years from June 1, 1905, the rental covering interest on $3,500,0.JO bonis of 1901 and consolidated 4 p.c bonds
limited to $20,000,000. V. 80, p. 1174,1479; V. 81, p 30.— (V. 73, p.
1356; V. 80, p. 1174; V. 81, p. 30.)
Bellingham
Bellingham to
Sc Britlsli Columbia
Glacier, Wash., 44 41 miles; branoh from Hampton to Lynden, 5 31
2-20 m.; total, 51-2 miles. Stock, $1,000,000, all owned
miles; spurs,
by New York and San Francisco parties. Year ending Dec 31, 1904,
fross, $217,758; net, $75,972; other inoome, S3.858; tot. and taxes,
42,396; bal., sur., $23,303. President, H. H. Taylor.— (V. 78, p. 342.)
Belt Line Ry. of Montgomery.— Owns real estate and a belt
line to Montgomery, Ala., about one mile of track on Tallapoosa,
&c—
RR
A
RR.—
Bay
-
-
Balance, surplus
.x$2,986,878 x$2,947,680 x$l,233,925
xSurplus differs from that shown in pamphlet report owing to method of
charging common stock dividend, the above being used for simplicity.
Executive Committee.— Oscar G. Murray, Chairman; J. K. Cowen; S.
M. Prevost, John P. Green, James McCrea and Samuel Rea; Pres.,
Oscar G. Murray; 1st Vioe-Pres., Geo. F. Randolph; Sec, C. W. Woolford; Treas., J. V. McNeal. The Pennsylvania RR. is represented on
the board by S. M. Prevost, John P. Green, Samuel Rea and James
.
McCrea.
Other directors:
Geo. F. Randolph, James Speyer, Edward H. Harriman, Norman B. Ream
Jacob H. Schiff, Charles Steele, James Stillman, Edward R. Bacon. Representing State of Md., L. Victor Baugbman, a. P. Gorman.
N.Y. Office, 2 Wall 8t.-(V. 80, p. 2619; V. 81, p. 30, 208.)
Bell, Perry and Columbus streets. Atlantic Coast Line RR. pays an
annual rental of $16,000. Atlantlo Coast Line RR. owns about 92 per
oent of the $200,000 stocks, par, $100. Year ending June 30, 1904,
gross, $20,375;
net, $2,388;
Belt Railroad
8c
miles of belt road, eto.
bond
int.,
$12,000; bal.,
^ef.,
$9,612.
Stock Yard of Indianapolis.— Owns 14
Leased for 999 years to Ind. Union—which see.
.
,
!
RAILWAY STOCKS AND BONDS
304
[Vol. lxxxi.
JTt raiscouata
\£ake
/v
Long
^
Edmundstou}
La&e
/
'
yGreen River
St..Fr«Hici6E
Long
Lake
/
&
vda
ofl*
\fi
f#>
Wallagrass
/
i^^
Kagle Lakel
l/
Eagle
"Square
jfJiaJfce'jN
(N-
.Thoma
7*
/
.Pierre
JD
!
Is
/
*
.CARIBO
TbrtageT=4S>^.
iroostook Jc.
,.,«!
in d over
JPerth
I
\
St.Anselme
>
w
/
^~f \
?St.Henry Jc.
r\
'
Fish
v ^yst.Cbarles-J.c.
J
WinteTviliM
.
St.Valier
;5»/Presque^l.sIe
FIELD
#ForfF^rfilldW Eas
Kilburne
>
0l
}
'"I
Scotts
Jl Westfield\^r
Mars ,HiirkU
"
-A
Blaim*
|
St.Mary
CJwrrhilt(
Beauce
j\Tass
A
Lake
Jc.
si
r
Xb
Stferederic/ )b St.Joseph
[Eagle or
Bath
'
(
ti\
Kent
v
Sid —-v_P FIoreuceville
o;
-<vs
leroMLake
^ La Rocher,
JyiTrJng>
3/
o
IJc...
t.
Monticelloiicflt
hamberlainS
Francis
cLake
BroujjHton
J
\
O
3
CO
C'a}<
"•*<;
,o >*,
Ahb Kl
VP
St.VictorQO
LittletonDO^
WTeeksboro
S
;Oakfceld"£?£.W5>,
(?
-
8 DyferBrobk^rT^^Greenvillfe
^Island, Falls>r_ m( a „ ani ea J
o
1
St.Epli)
\Chesii7icook
]
.
(
Lake
r
l
crysVj?!/^
Paiten
j
y
\\
Canterbury*
Jc>
Sta.qyville/
-\
ii)dhtou,ejy.Oi
'Mooseltcad Pamao
&
Moosehead?
Holeb
""**c
MeaanttcJ
Scltoo'dic)
!
wK-ingraary^/
$kth
-«Mc
s
Eat<
-
.
SebAcis>
KATAHDIN'^
IRONAVORKS %.
GREENVILLE
Italics
Bancroft
Wytopitlock-
North:
[PACIFIC
3^
rS^
ike
Jm<
fo~Mqnhea1
icooi'
Brest
fMuttawamkeag
03
'Winn
I
Meadows
\
»° BROWNVILLE JC
^^BROWNVIL^^-.V q.MonsJnV
v JX^^- g
lancJiard,^. A
J'k'l'tw
\1
fe
,
'
V^^T
tJ
<
Monson Jb^Sv.
jVson Jc^
^
1
—^
Dexter
V
\
Bl'er^Bedingttm Mild
r
So.Enc
2-gingfield -T^soioa
M3adejL/
^,
or n ^ a
^_ /?andersX -\Embdenl)
ji^ttS
/SaleoT^s^
EeodsJ
HartlSWS^ftv, \ /«
tad
Jt<tytJ}eley}
'
M
<^_J
1P
Bumford^s
UT
,_
^No rtb j/y
z
•w^
Paln,yra
_^
^^
_._-, // V-JP?* *
5\Bur\viam Jivtb Buruham
.
1
ll^t^ilbj
A
fL°"
\
\
jm.
tepbenj
maLaWte
Via Lak'
^
<S2^
\
v
JGreenbus^"
ICostigan \
HlillhWer JWebst'er
m'Jvleaalej fOrono 'fVII
™
u
K<o
IN o
HolOen-J
iiJ^y
BANKOR/
Pittsfield^^
\f
r/*^*"\4^B|
^_>-^
/OLDTOWNi (j
V
*
V>Vns0n
M^disonV
S ,rongA
NorrldgeAckY
q
\> G^
,
g){>Ol!iinon
P
S
i
o.
^iefr\
-t^&^i
Bingli am
>
k.
AJi^'/;;l) Prince
,
bfneld\
e
W^</>.
A
Treadwell
u
AM
\
Pisqili^
/
<f
^
\Green Lake
V^^^?^ %-M' «,<^v
Machias"
\^T>Wn<:ock
serf Ferifl
writ
teQ^Qpcilu
Mil
grano^S.
.*.J
2\\Readfieldi<
/f
J-d\!A,J: V
#»ersid<#
/ V'
^
; ST^LcedsOfntre
[mrler^yintUop/ AUGUSTA
Hartfln
Paris"
Wpst Pari
,
Jc.
Greene
'b Ur loj
/L
41 Gardii/er.A*o(
5II
/*•£
;
.1
Men
-AVaU
5'-,
iLisbon'
3ridgBtr
^
"
1
TaFtV
%
9<^
4
1>
olioro
V
i>
i-vT;
Cislioifv'
New I
J-'alls
[
WW
^Gloucestei]
Jrowntield"
Jrayl
'HiraroV
Brillgton Jc^
o
Mbw
Sebago
1!
t? 1
jT^fT
^M S.%n
>/,Lee(iB
^
U
i
NewhaJ
W/eatbn
Buxton
^ORTLAND
CeiS
OA
Sa
Hill
]|.iin)
Ifboro
Y
ileach
MAP OF THE
^iW Elizabeth
(
,
.
igvalPi^ Alfred
iiard
A
'(K'tnrd
V
BANGOR
&
AROOSTOOK
RAILROAD AND CONNECTIONS.
1
^''fl
z
t >•
jrtsrrioulh
.each
v
--
—
,
.
.
July, 1905.
RAILWAY STOCKS AND BONDS.
J
RAILROADS.
'For explanation of
on
.,„
Miles
Size, or
oil
of
Par
column headings, &c, see notes
Outstanding
Roatl Bonds Value.
page of tables.
.
&
56
44
392
do
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1892
1893
1895
1896
& Maine gives
a rental guarantee'
Boston
for &9 years.
1897-8
99-'01
1903
0...
Boston <6 Maine— Stock, common and scrip.OB
Preferred stock, 6 per cent, non-cumulative. OB.
Improvem't bonds, s. f., not mort. or sub), to call
Improvem't bonds, s. f ., not mort. or eubj. to call
cfcr
Bonds (not mortgage) for imp. & ref
cfcr
Bonds, not mortgage, gold
Bonds, $5,454,000, g., secured by Fitchb. stook..
Bonds, not mort., $1,000,000
Bonds, ($2,000,000) not mort.)
Bonds, nut mortgage
Eastern RR.certs.of indebt.lstM., g.,s.f.,notdrn.o
Portsmouth Great Falls & Conway 1st mort
c
Central Massachusetts, 1st M. IB, assumed
c„
Cnarlesto wn land mortgage notes
Port. & Rooh. Terminal bonds (no mort.) ass'd.c
Boston <t Prov.—Stock, 10 p. o. guar. 99 yrs., Old Col.
Bonds, not mortgage
o*
Boston Revere Beach dt Lynn Stook
c*&r
1st mortgage, $1,000,000, goid.SB
Boston Winthrop & Shore 1st mort assumed. IB
—
100
100
liO
73
96
1887
1,000
1887
1,000
1892 1000&C
1894
1,000
1900
1,000
1901
1,000
1903
1.000
1905
1,000
1876 $&*
1877 500&0.
1886
1,000
Var.
1892
68
88-'93
Var.
500
100
1,000
100
1897 1000&0.
1886
1,000
Divid.— ) Preferred in Com. '95. '96. '97. '98 to '02. '03. '04. 1905.
6ifl
Since 1894 * full to date. stk. p.o. 5 4ifl
5 yrly.
7
6
Pres., S. E. Rauh, Indianapolis, Ind.— (V. 77, p. 2389.)
Belt Railway (of Chattanooga, Teiin.).— Owns 25 miles of
belt railroad in Chattanooga, Tenn. V. 67, p. 72.
Histokt.—A reorganization of Union Ry fjreclosed June 17. 1895.
Leased till July 1, 1945, to Alabama Great Southern RR.; rental guar
anteed to meet Interest on 1st M. bonds, taxes and maintenance.
Stock is $300,000, owned by Ala Great So. Ry. There are also $24,000
second income 4s, due 1945, but subject to call at par since July 1, 1903
coupons paid from Jan., 1901, to July, 1901, IncL.— (V. 63,p. 6qq)
Bel vide re Delaware
Owns from Trenton, N. J., to Manunka Chunk, N. J., 67. m.; FlemingtonRR.,&c, 14 m.; operated cut-oft
1 m.; total operated, 82 miles. Leased to United Companies, and transferred to Penn. RR. March 7, 1876. Net earnings paid as rental.
Stock.— Authorized, $4,000,000; outstanding Jan., 1903, $1,253,
000; par, $50. Dividends: 1897 to 1905, both inclusive, 5 p. 0. yearly.
Bonds.— All of the outstanding bonds are secured by the consol.
mortgage of 1875 for $4,000,000; sinking fund 1 per cent of outstand
ing bonds if earned. The issues of 1885, 1887 end 1903 are guaranteed by the United New Jersey RR. & Canal Co. Guaranty. V. 76, p. 918
Earnings.— In 1903, gross, $1,394,375; net, $235,255; interest,
taxes, etc., sink, fund and other oharges, $185,594; bal., sur., $49,661.
In 1902, gross, $1,121,127; net, $201,694.— (V. 76, p. 918.)
Bennington &. Rutland Ry.—See Rutland RR.— (V. 70, p. 685.
Berkshire
West Stockbridge, Mass., to Connecticut State
Line, 21 miles. Road opened 1842. Leased April 1, 1893. for 99 years
to N. Y. N. H. & H. RR. for expenses, taxes and 6 p. 0. on stock, paid
Q.-J. 15 at Housatonio Nat. Bk., Stockbridge, Mass. Lease to Housatonio RR. suspended but not canceled. Stock, $600,000.
Bessemer dc Lake Erie
Leases Pittsburg Bessemer bo
Lake Erie RR., Bessemer, near Pittsburg, Pa., to Conneaut Harbor,
Lake Erie, etc., with branches, a total of 209 miles, for 999 years
from Apr. 1, 1901; owns 9 m.; total 218 miles. V. 72, p. 137. Authorized to operate a railroad from a point of connection with the
Pitts. Bes. & Lake E. at or near Kremls Station. Pa., to a point on
the Jamestown & Franklin RR.. near Salem Station, Pa.;
Stock,
authorized, $500,000. Controlled by the Carnegie Co. and so by the
U. S. Steel Corporation. Guaranty of Marquette & Bessemer Dock &
Navigation bonds, V. 77, p. 1228; V. 76, p. 1358.— (V. 78. p. llt>7.)
Birmingham & Atlantic
Talladega to Coal City, Ala., 31
miles branches, Rogans to ore beds, 9 m., and Furnace to Weisingers,
3m.; total, 43 miles. Stock, $1,000,000, all common; par of shares,
$100. Bonds, $500,000 forty yea' 1st 6s, due Nov. 1, 1931 ($1,000
«ach),int. payable M.&N., in default. Year ending June 30, 1904, gross,
340,196; def. under oper., $13,506; bond interest not paid. President,
Sidney H. March; Sec. and Treas.. John Carlsen, 25 Broad St., N. Y.
RR,-
RR.—
BR.—
RR.—
;
Bloomsburg & Sullivan BR.— Owns
Bloomsburg to Jamison
Stock Is $600,000 par, $50. V. 66, p. 80, 952.
Year ending June 30, 1904, gross, $89,358; net, $38,4>S5; interest,
City, Pa., 30 miles.
;
taxes, etc, $36,b86; bal., surplus,
$2,099— (V.
Boca & Loyalton RR.— Owns
66, p. 80, 952.)
from Boca, on Central Paolflo
main line, norttiwesterly via Loyalton to Beckwith, 40 miles; 6 miles
additional main line and 10 miles of branches; total, 56 miles.
In Mar, 1905, the West. Pacific Ry. acquired control. V. SO, p. 1174.
Stock, $1,200,000; par of shares, 815. Bonds cover also Roberts Lum-
ber Co.'s property comprising 52,769 acres of pine lands, water-works
Mercantile Trust Co. of San Francisco is mortgage trustee.
They are subject to call for sinking fund at 110 and interest.
V. 76, p 1191.
Earnings for year ending July 31. 1904: Railroad,
fross, $145,126; lumber, gross, $228,088; total, $373,214; total net.
146,310.-(V. 76, p. 1191; V. SO, p. 1174.
Boise
pa
Owyhee Ry.—Nampa to Murphy, Idaho, 30'45
miles, completed July, 1899. In 1901 was extended from Nampa north
to Emmett, 28 miles, under charter of Idaho Northern Ry. In Jan.,
1904, extension from Emmett to Garden Valley, 45 miles, was reported to be proposed. Stock, $1,000,000; par, $100. In Apr., 1903,
no bonds were to be issued "at present." Year ending June 30, 1903,
gross,_$32,7b7; net, $11,274. President, E. H. Dewey.
Boonville St. Louis &, Southern By.—Boonville to Versailles,
Mo., 44 miles. Leased to Mo. Pao. till July 1, 1910, at annual rental of
$25,000, taxes, expenses, etc Stock, $250,000; par of shares, $125.
Boston
Albany
Owns from Boston, Mass., to Albany,
N. Y., 200 miles; numerous branches, 104 miles; leased lines, 88 miles;
total operated, 392 miles. A consolidation of December, 1867.
Leased in 1900 for 99 years to the N. Y. Cent. & Hud. Riv. RR. for
guaranteed rental of 8 per cent per annum on the $25,000,000 stock,
payable quarterly [Mar. 30, etc], organization expenses, interest on
bonds, taxes, expenses of maintenance, etc The B. & A. received
for certain property not included in the lease $5,500,000 in N. Y.
Cent. 3 ia per cent 100-year debentures, thus adding -77 per cent per
annum to 8 per cent guaranteed on stock. See lease in V. 69, p. 282.
1102 1246
V. 71,
£' S 9
?\J£ 6 $2,500,000 werev 70 > P- 74 facilities p. 645, 963.)
B ??<18 ' f 1901 l'
for terminal
at Boston, of
which $1,000,000 issued. V. 71, p. 1218; V. 72, p. 44; V. 75, p. 752.
Dividends— Cash dividends at the rate of 8 per cent yearly were
paid for many years prior to the lease. Since 1900 8% per cent, viz.:
2 p. c. each in Mar. ana Bej.t., 2ia p. 0. in June and 2h p. 0. in Deo.
etc.;
&
£
&
RR.—
'
'
-
:
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due,
Rate per When Where Payable, and b> Stocks— Last
Payable
Whom.
Dividend.
Cent.
"
100
Boston <& Lowell Stock
Bonds, not mortgage.
Bonds,
do
Bonds,
do
0*..
Bonds,
do
0*..
Bonds,
do
Bonds,
do
Bonds,
do
305
A.. & O
N.Y.,U.S.M.&Tr. &S.F. Apr. 1, 1923
$t75,000
2 g
400,000
6g. F. & A. N. Y., Amer. Ex. Bank Aug. 1. 1911
25,000,000 See text. Q.-M. Boston, Of. Ter. Station -J'ne30,'05,2ifl
3ia
A. & O.
do
do
Apr. 1, 1952
3,858,000
A. & O
do
do
Oot. 1, 1913
4
3,627,000
3i*
do
do
Jan. 1, 1951
& J.
J.
1,000,000
Boston, at Office.
Julyl, '05, 4%
J. & J.
8
6,599,400
1905-6-7-9
do
Various
do
4
3,675,000
do
Apr. 1, 1932
A. & O.
do
4
1,000,000
do
Feb. 1, 1913
do
F. & A.
4
1,000,000
Moh. 1, 1915
do
M. & S
do
4
500,000
July 1, 1916
do
do
J. & J.
4
750,000
do
do
Oot.,1917& 18
A. & O.
4
414,000
1919 & 1921
313
do
do
J. & J.
939,000
May 1, 1923
3ifl
do
do
M. & N.
250.000
Boston, at Office. ) July 1, '05, 1%
24.638,070 7 in 1904 Q.-J.
M. & S.
Causeway St.
Mar.l, '05, 3%
6
3,149,800
)
do
F. & A.
do
4
Feb., 1907
500,000
F. & A.
do
do
Feb. 1, 1937
4
1,919,000
F. & A.
do
do
Aug. l, 1942
4
2,500,000
4i« g. J. & J.
do
do
Jan. 1. 1944
6,000.000
do
do
July 1, 1950
3 g. J. & J.
5,454,000
3ia
M. & N
do
do
Nov. 1, 1921
1,000,000
do
313
do
J. & J.
Jan. 1, 1923
2,000,000
F. & A.
do
do
500,000
Feb. 2, 1925
3»a
7,822,244
6g. M. & 8. Bost.; Lond., Baring Br Sept. 1, 1906
413
Boston, at offloe.
J. & D.
1,000,000
June 1, 1937
A. & O.
do
5
do
2,000,000
Oct. 1, 1906
4
J. & J. Boston Offloe <fe Fed.Tr. Sept. 1, 1906
594,800
4
A. & O.
do
do
113,500
Oct. 1, 1907
10
Q.-J. Boston Term., room 424 July 1, '05, 2i«
4,000,000
do
4
J. & J.
do
2,170,000
July 1, 1918
850,000 2 In 1905 J. & J. Offlce,or cheques mailed Julyl, '05,1%
4 ^g. J. & J. Boston, State St. Tr. Co. July 15, 1927
561,000
M. & S. Boston, State Nat'l Bk. Sept. 1, 1906
5
289,000
$1,000
1,000
1902
1893
1901
—
1903
1881
1885-9
<£• Loyalton— 1st M., $675,000, g.. call 110... c*
Boonville St. L. <£ South. Ry.— 1st M.g. ,$1,000,000.0*
Boston <t Albany— Stock ($30,000,000 authorized)
i
Bonds (not mortgage), guar. p.
o
Bonds (not mortgage) $5,000,000
Bonds, $2,500,000, ourrenoy
Nam
Amount
first
Boca
Bonds
Date
:
Earnings. —For 9 mos. ending Mar. 31:
9 mos.—
1904-5.
1903-4
Gross
Net
Oth. inc.
Charges
Balance.
$7,731,012 $2,328,283 $2^0,734 $2,694,8,5 df.$-»5,818
7,417,526
1,997,135 241,519 2,506,929 df.268,295
Earnings as reported to State RR. Commission by lessee:
Oiherinc. Int..divs,etc. Bal., sur.
Net.
Gross.
Tear.
1903-4... $9,932,595 $2,793,121 $321,894 $3,354,836 def. $239,821
1902-3 ..10,131,309
374.123
3,159.901
3,341,879 sur. 192,134
-(V. 73, p. 1312; V. 74, p. 150, 629; V. 75, p. 732, 1301.)
Road Owns Boston to Lowell, 27 miles
Boston Lowell
branches—Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles;
others, 45 miles; Middlesex Central, 11 miles; leases— Connecticut
& Passumpsic, 146 miles; Nashua & Lowell, 15 m.; Peterborough, 10
m.; Northern N. H., 83 m. (and subsidiary lines 90 m.); Stony Brook
RR., 13 m.; Wilton RR., 15 m. Leases mostly assumed by Bost. & Maine.
Leases.—Leased in 1887 for 99 years to the Boston & Maine at 7 per
cent per annum on stook till Jan. 1, 1897, and 8 per cent thereafter.
Stock and Bonds.— Stock authorized, $6,599,400. The debentures
were described on page 2, Supp. of April, 1895. In March, 1905,
$500,000 twenty-year 3*v percent bonds, dated Sept. 1, 1905, were
sold to refund the $500,000 4 per cents maturing on that date. (V.
80, p. 116, 995.)
Boston
A-
—
RR.—
&
Maine RR.—Road—The system
with
its
many branch
lines covers the territory from Boston, Mass., to Portland, Maine,
(two divisions), Springfield, Mass., Sherbrooke, Can., Rotterdam Jot.
and Troy, N. Y., Worcester, Mass., to Portland, Me., and all important places In New Hampshire:
fl See this company.
Lines owned.
Miles.
Lines leased— (Ooncl.)
Miles.
Boston,Ma8s.,toPortland,Me.
Fitchburg
........ Tf458
W. Div
115 Nashua & Lowell
flis
Boston to Portland, E. Div.. 108 Worcester Nashua & Roch... 1194
Conway June,
Me., to North
Conway, N. H
Portsmouth Elec Ry
73
18
Portland, Me., to Rochester,
N. H
No. Camb. Jot, to Northamp-
Connecticut River
Other
RR
#80
72
Trackage rights
9
Total operated July 1, 1904. .2, 290
54
2d traok (3rd & 4th tr. 10) .
523
Mass
96 Controls Me. Cent, (whioh see) .816
152
St.Johnsbury & Lake Champ. 131
Lines leased.
York Harbor & Beaoh
11
Boston & Lowell
Vermont Valley
H469
24
Concord* Montreal
Sullivan County
11477
26
Organization, Etc.—An agreement with N. Y. N. H. & H. regarding division of territory was made in 1893. V. 56, p. 464.
Stock.- Of the $24,t>38,070 stook outstanding Jan., 1905, $1,128,200 was held by trustees as collateral for Eastern RR. certs, of indebtedness. V. 69, p. 129.
The stockholders voted on Oct. 8, 1902, to
issue $1,000,000 additional common stock (of which $200,000 was
sold in Jan., 1903, and $800,000 iuDec, 190^) and $2,000,000 bonds for
improvements and equipment. V. 75, p. 665; V. 79, p. 2746, 2794.
Dividends. < '87 '88 '89 '90 '91 '92 '93 '94-98 '99 1900 to July, '05
On common. \ 10% 9 9 913 9 8 8 6 yrly. 614
7 p. o. yearly.
Bonds.—As to debentures see Supplement of April, 1895. Under
the lease of the Fitchburg RR. the B. & M. issued its $5,454,000
fifty-year 3 per oent gold bonds to purchase, $ for $, the same amount
of Fitchburg common stook held by the State of Massachusetts and by
private persons; V. 70, p. 175.
In 1901 $1,000,000 bonds were
sold for permanent Improvements upon various leased lines and inJan..
1903 and 1904, $2,000,000; V. 73, p. 553,783,1111; V. 75, p. 665,
1301 V. 78, p 767. Notes payable Deo. 31, 1904, $1,000,000.
In Nov., 1904, $500,000 twenty-year 3 4) per oent bonds, dated Feb
2, 1905, were sold to provide balance neoessary in addition to sinking
fund on hand to retire $1,000,000 improvement bonds falling due Feb.
ton,
Sundry branches
;
1905. V. 79, p. 1638, 1641, 2204.
B.
M. guarantees $1,328,000 first 5s of St. Johnsbury & Lake
Champlain. Also interest on $274,000 Manchester & Lawrence 4s.
Jointly with M. Cent, guarantees $300,000 Portland Station bonds.
Earnings.— For 9 months ending Mar. 31:
2,
&
Gross.
9 mos.—
1904-5 ..$26,884,844
19034... 26,105,225
Net.
Oth. inc. Int., taxes, etc.
Bal., sur.
$7,146,803 $400,586 $6,112,226 $1,43*, 1«3
7,177,965
S86.760
6;i53,766
l,41o|959
Annual Report.— Annual meeting second Wednesday in October.
Annual report 1903-04 in V. 79, p. 1 638, showed results as follows
Tear Ending June 30.
1904
1903.
1902.
Miles operated June 30
2,290
2,282
2,265
Passenger department
$12 333, 1S2 $12,116,115 $11,557,583
Freight department
19,965,457
20,788,779
18,732,089
Mails, express, etc
1,767,647
1,657,413
1,551.022
Total gross earnings
$34,894,608 $33,738,985 $31,b40,6t>4
Net earnings
$9,505,613
$9,622,701
$9,407,542
Net, includ. other Income
$10, 199,585 $1 0,033,237
$9,997,444
Interest
1,482,296
1,401,332
1,366,997
Rentals
5,083,278
5,067,593
5,062,922
Taxes
1,633,270
1,619,119
1,629,514
Dividends
1,779,000
1,771,722
1,764,359
Sinkingfund
151,285
151,285
151,285
Balance, surplus
$70,456
$22,186
$22,367
306
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
3
.
.
July,
RAILWAY STOCKS AND BONDS.
1905.]
RAILROADS.
Miles
Date
Size, or
Amount
of
Par
of
For explanation of column heading, Ac, see notes
Bo ad. Bonds Value. Outstanding
on first page of tables.
Boston Terminal Co.— 1st mort., ourrency.OB. .o&r
Bruce JHme»<«.4.J.— lstM.$250,0G0,gu.p.,fci.red
Brunrw. dt West.— See Atlantic Coast Line RR.
Buffalo Creek— 1st mortgage
r
Cons. M., $1,000,000, trold, interest as rental
Buffalo N. Y. dt Erie— See Erie Railroad.
Pittsburg—Com. stock. Tr
Buffalo Rochester
Pref. stock, non-cum.; com. 6%; then pro rataTr
R. AP. 1st
,g., Rochester to Salamanca. Un.o*
R. A P. conaol. M., $20,000 per m.,gold, g.Cn.O*
c*
B. R. & P. 1st general M. ($10,000,000) g.
Linooln Park & Charlotte 1st M., gold, gu. Un.o*
due semi-annually . .
B. B. & P. car trusts, gold,
Equipm't bonds, $500,000, g., s. f., Ser. A... Co*
B. & C, $1,000,000 each, g.. 8. f.G
do
D, $2,000,000, g., red. 105. 8. f...
do
E, $2,000,000, g. red. 105, s. f .
do
Securities of Allied Coal Properties.
Jefferson & Clearfield C. & I., pref. stock
Co*
IstM., g., sinking fund, drawn at 105
Usm.c*
2dM., gold, s. f., drawn at 105
o
Iron, 1st M., g., a f
Booh. & Pitts. Coal
Helvetia, purchase money, mort., g., 8. f.Ce..o*
1st M.of 1902, $2,000,000, g., red.105, s.f.G.o*
Buffalo <k Susquehanna RR.—Pret. atk., 4% non-cu.
Me.o*<fcr
1st M., g., s. f.,red. at par
c*<fcr
1st refunding mort., gold (see texthMp
Buffalo db Susq. Ry.— 1st M.. $6,000,000, g.Us.o*<fer
17
6
6
. .
Un
5 g.
6
J.
J.
108
276
276
10
1881
1882
1887
1889
-•>•
»*••
....
.»..
'90'98
&
....
....
....
....
102
172
....
Burlington Cedar Rapids <6 Northern— See Chicago Rock
Burlinaton <& Missouri Valley— See Chicago Bur lingt
Oal. Northw.— 1st M., g. ($2,000,000, gu. p.&i.) 6.1.
California Pacific— See Southern Pacific BE.
1899
1900-1
1902
1904
40
1,500,000
1,4» 6,000
1,000,000
449.000
1,055,000
1,850,000
3,000,000
50
292,000
1893 500 <feo.
4,356,000
1901 l,000Ac
1903 l.OOOAc 4,35",000
ISLAN d & Pa CIFIC RY.
ONAQ UINCY.
994,000
1898
1,000
1896
1896
1886
1896
1902
Cochrane, Boston.
Boston
1,000
1,000
1,000
1,000
1,000
2204, 2587, 2746, 2794
& Providence KK,- Owns Boston, Mass., to Providence,
Leased 99 years, April 1, 1888, to
I., 44 miles; branches, 20 miles.
Old Colony RR.; rental, 10 p. o. yearly on stock.— (V. 78, p. 2010.)
Boston Revere Beach & Lynn BR.— Owns narrow-gauge road
from Lynn to East Boston, Mass., 9 miles, connecting with Boston by
oompany's ferry boats Boston Winthrop A Shore Div., East Boston to
Winthrop, 5 miles, with branches 3 miles. Of the 4*38 of 1897 $289,000 reserved for Boston W. & S. 5s; balance unissued is for Improvements. (V. 65, p. 68.) Notes payable July 1, 1904, $305,000.
Dividends. * 1888-91. '92. '93. '94. '95. '96. 1897 to July, 1905.
412
2 yearly.
5
Per cent, s 7 yearly. 5^
Earnings.—Year ends June 30.
B.
;
Year.
Net.
Cross.
Int.
<6
taxes.
Div. paid. Bal.,surp.
$63,684
$17,000
$448
60,080
592
17,000
—(V. 65, p. 68, 568; V. 67, p. 1000; V. 69, p. 953.)
Boston Terminal Co.— Owns Southern Union Depot in Boston
opened in 1899. V. 68, p. 40; V. 69, p. 591. Boston A Albany, New
England, Boston A Prov., Old Colony and N. Y. N. H. A Hartford BB.
Cos. eaoh owns one-fifth of the $500,000 capital atook and pay aa rental
In monthly inatalments suma autnoient to pay all expenses, charges,
These companies are
Interest on bonds and 4 per cent on stock.
Begiatered intJointly liable for any deficiency in case of foreclosure.
erest payable Q.— F.; coupona F A A.— (V. 69, p. 129, 591.)
$81,132
77,672
1903-04... ...$606,357
1902-03
542,399
B
&
Northwestern By.— (V. 75, p. 1252;
rock v lite West port
V. 76, p. 101, 211, 809; V. 77, p. 2097.)
Brooklyn &, Brighton Beach
V.69, p. 228; V.75, p. 1353.
RR.—
Brooklyn A. Rockaway Beach RR.— Owna road from East
New York (Brooklyn) to Canaraie Landing, Jamaica Bay, Sismilea (of
which 2 milea double track), and operates ferry to Bockaway Beaoli.
Operationa auapended during winter months. On Jan. 20,1903, Henry J.
Robinson was appointed receiver; foreclosure pending. V.76, p. 211,971.
Stock is $150,000; par, $50. Bonds, $338,000 gold 6a, due May 1,
1931, inttreat in d e f ault aince Nov., 18b9. Floating debt July, 1904
$294,252; real estate mortgage, $30,030. In year ending June 30, 1904,
gross, $3,015; def. under operating. $10,544; other income, $4,082int. and taxea, $27,868; balance, deficit, $34,330.— (V. 76, p. 971.)
& Algoma By.—V. 76, p. 704.
Brunswick & Birmingham RR.— See Atl. A Birmingham ByBuffalo Bradford & Kane RR.— (3-ft. gauge.) Owns Brad"
Bruce Mines
ford to Smethport, Pa., 26*1 1 miles. Ormsby June, to Mt. Jewett, Pa.»
leases Mt. Jewett to Kane, Pa., (Bait. A Ohio) 11-49 milea.
Total 48*08 miles. Suooessor to the Bradford Bordell A Kinzua Ry.,
foreoloaed. In Jan., 1905, control was changed and the Big Level
Kinzua, included above, wa8 acquired. V. 80, p. 1174; V.77,p. 1745,
2279,2338; V. 78, p. 101. Stock, *300,000; par, S100. Prea., W. W.
Bell; let V.-F., S. S. Bullla; Seo.-Treas., B. S. Bullls.— (V. 80, p 1174.)
Buffalo Creek
Owns 6 milea of terminal road in Buffalo
N. Y. In December, 1889, leaaed for term of oharter leea one day, to the
Lehigh Valley and the Erie BB., which together own entire capital
stock of $250,000. Lease provides for interest on bonds and 7 p. c. on
stock.— (V. 79, p. 1954.)
Buffalo Rochester
Pittsburg Ral 1 way.— (See Map.)— Oper.
ates from Buffalo and Eoohester, N. Y., to the bituminoua ooal regions.
Lines owned in fee
Miles.
Trackaoe (Con.)—
Milei.
Buffalo Creek, N. Y., to Howard
Penn. RR.— Fenn. RR. Jet. to
June, Pa
81
Vintondale, Pa
18
Clarion Juno., to Lindaey, Pa. . 60 Other
5
Bocheater to Aahford, N. Y
94
Leased—Entire st'k own d—
Charlotte, N.Y., to Lincoln P'k. 10 Jolmsonburg & Bradford RR.-Indiana branch
63
Howard June, to Mt. Jewett. 20
Five branohea to mines
19
Leased Stock not owned.
10 48 miles
-
;
&
RR.—
&
—
y
—
Trackage—
Erie—Mt. Jewett to Clarion J. 21
Pitta. A Weat.— Butler, Pa., to
Newcaatle
41
.
Ribold Jo., Pa., to Allegheny
City,
Pa
Allegheny
& Western—
tf
Punxautawney to Butler, Pa. 60
Clearfield A Mahoning— ft
Clearfield to Beech Creek BR. 26
Mahoning Valley RR
2
33
Total July, 1904 (USee separate statement for this company) ..553
Organization, Etc.—Suoceasor in March, 1887, to the Roohester A
Pittsburg, which was foreclosed in Oct., 1885. Plan of reorganization
in V. 41, p. 516. The entire capital stock ($4,000,000) of the Roohester
A Pittsburg Coal A Iron Co. is owned (V. 66, p. 1088) and through that
company in May, 1896, control was acquired of Jefferson A Clearfield Coal A Iron Co. (aee Sec. of Apr.,'05) with $3,000,000 stock. For
bonds of those coal companies aee table above. Clearfield A Mahoning
securitiea are guar. Allegheny A Western, aee below. In Aug., 1901,
allied interests purchased upwards of 25,000 acres of ooal lands in Indiana County, Pa., a 28-mile branch to Ernest, Pa., waa completed
Aug, 1903; also 35 miles additional to reach coal lands near Vintondale, Pa., 18 miles being trackage.
V. 75, p. 183, 347. A 19-mile
5
g.
10,500,000 6 in 1904
6,000,000 6 In 1904
1,300,000
f g
3,917,000
6g
5 g.
4,427,000
350,000
5 g.
137,000
5 g.
4*2 g.
500,000
4ia g.
2,000,000
4iag.
1,872,000
618,000
4^ g.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Officers.— President. Lucius Tuttle; 4th Vice-Pres. and General
Auditor, W. J. Hobbs; Treasurer, Herbert E. Fisher. Ofllce, Boston.
Directors— Lucius Tuttle, Richard Olney, Walter Hunnewell, Henry R. Reed,
Boston; Joseph H. White, Henry M. Whitney, Brookline, Mass.; L. C. Ledyard.
Henry F. Dimock, C. M. Pratt, New York; Samuel C. Lawrence, Medford; A,
W. Sulloway, Franklin, N. H.; William Whiting, Holyoke, Mass.; Alexander
— (V.79, p. 1641;
178,000
621,000
1,000
1,000
100
• . .
pal, When
by
J.
1882
1891
Bonds— Princi-
Whom.
Payable
Cent.
3^
100
100
.
,
INTEREST OR DIVIDENDS.
Rate Per When When Payable, and
1897 l.OOOAo $14,000,000
150.000
500
1902.
&
M
a<)7
Text. Boston. State Nat'l Bk.
& D. N. Y. ( Knickerb. Tr. Co.
A
&
A
F.
F.
J.
J.
do
N.
A
&
F,
J.
A D.
A S.
J. A J.
J. A D.
M. A N.
M. A N.
M. A N
M. A N.
F. A A.
J. A D.
J. A D.
M.. A 8.
M. AN.
4^ g. F. A A.
Q.-M.
4
5 g. A. A O.
4g. J. A J.
4iflg. M. A N.
M.
5g. A. A
O.
A Tr.
N. Y., Farmers' L.
Y
do
36 Wall Street.
do
do
do
do
do
do
do
do
do
do
Checks mailed.
N. Y.. 36 Wall Street.
San Fran.
A
&
Feb.
1947
June
1,
1,
1955!
Jan.
Jan.
1,
1,
1907
1941
Feb.15,'05,3%
Feb.l5,'0D,3%
Feb. 1, 1921
Deo. 1, 1922
8ept. 1,
1937
Jan. 1, 1939
1905-1908
May 1, 1919
May 1, '20-21
Nov.
May
1,
1,
1919
1922
Feb.15,'05, 2**
June
June
1, 1926
1. 1926
Nov. 30, 1907
May 1, 1946
Aug. 1, 1932
Jucel,'05,l%
Oct., 1913
Robinson. Apr. 1, 1951
Bobinaon. Apr. 1, 1953
do
do
do
do
do
do
do
do
N. Y., Fisk & Robin aon.
N. Y., H. Fisk A Sons.
N. Y., Fisk
N. Y.. Fisk
Due.
Stocks—Last
Dividend.
A New
York.
Apr.
1,
1928
branch to other coal lands In Indiana Co., Pa., acquired in Dec, 1902,
by the same interests, was completed July 1, 1904. V. 77, p. 354.
Stock.— Common stock was authorized in Nov., 1901, to be increased
from $6,000,000 to $9,000,000; of the new stock $1,000,000 was
issued July 1, 1902, in exchange for $1,000,000 convertible debentures, and of the balame atockholdera subacribed to $1,300,000 at parthe prooeeda to be used to build 45 milea of new road, the remaining
$700,000 being subscribed by stockholders at par in Feb., 1904,
to build 19-mile branch. See above. V. 75, p. 183, 347; V. 73, p.1009;
V. 74, p. 1250; V. 77, p. 354; V. 78, p. 228.
The stockholders voted Nov. 21, 1904, to increase the common stock
torn $9,000,000 to $12,000,000 to complete the Indiana branch and
for other capital requirements. Of the new stock, $1,500,000 was
subscribed for by stockholders at par, payable 50 per cent on Feb. 10
and 50 per cent on June 12, 1955. V. 79, p. 685, 1905; V. 80, p. 116.
Dividends (p. c.) ) '93 '94-96. '97. '98. '99. '00. '01. '02.^'03. '04. 1905.
Preferred
6 Feb.,
} 1H
Common
1226666
4
4
5^ 6 Feb„3
Bonds.— General 5s for $5,573,000 are reserved for prior bonda, etc.,
The $2,000,000 debentures of 1897 in the treasury in July,
1903 are convertible into common atook at par and subject to
)
at 102*9; they are to be secured by any aubaequent mortgage unless made for refunding existing prior liens or for extension exclusively. See V. 64, p. 706; V. 73, p. 1009, 1111. B. & P.
income 6s, $5,000. A sinking fund of 5 per cent will retire ser. A, B
and C equipment bonds annually on May 1, if purchasable at or below
par; otherwise to be applied to the purchase of additional equipment.
V. 68, p. 1131; V. 71, p. 501; V. 73, p. 348. Series D and E have an
annual ainking fund of 6 p. 0. for purchaae of bonda Sept. 1 and May 1,
reapectively, at 105 and interest; if not purchasable, bonda may be
drawn by lot; Seriea E may aleo be called as an entirety at 105. Real
estate mortgages bearing 5 p. o. interest, $304,000.
Earnings.— 1 1 moa., ) 1904-5
Groas, $7,425,042; net, $2,803,940
Gross, 6,841,127; net, 2,811782
July 1 to May 31. {1903-4
For 9 mos. ending Mar. 31,1905, ret, $2,286,047, agst. $2,376,804
in 1903-4; oth. income, $16,735; charges, $1,349,406; bal. sur., $953,oall
.
374, against $1,160,259.
Annual Report.— Fiscal year ends June 30. The annual meeting is
held at New York on the third Monday in November. The report for
1903-04 was given at length in V. 79, p. 678, 684; see also editorial,
p. 651. In 1903-04 carried 4,907,543 tons of bituminous coal (out of
7,619,349 total tons of freight moved), against 5.126,314 in 1902-03.
1904.
Year end. June 30—
1903.
1902.
1901.
Miles June 30
499
472
472
472
Gross earnings
$7,496,521 $7,549,686 $6,292,584 $5,803,693
Net earnings
$2,893,325 $3,028,082 $2,519,018 $2,394,661
Other income
Total receipta
Interest on bonds
Int. on floating debt..
33,437
48.233
20,662
$2,926,762
$3,076,315
$724,049
$2,539,680
$731,472
$778,030
26,926
$2,421,587
$710,158
259
33
472,669
477,698
476,251
473,726
660.188
1,043,723
640,994
552,365
Dividend on pref.... (6) :->« 0,000 (6)360,000 (6)360,000 (6)360,000
Dividend on oom....( 6) 498,000( 4 12) 313,000 ( 4) 240.000 (2) 120,000
Balance
sr. $157,875 sr.$157,845
sr.$90,704 sr.$205,305
* In addition to this surplus there was received from investments and "credited directly to profit and loss account" $820,060 in 1803-04, $600,000 in 1902-03
aad tloO.OOOln 1901-02.
Officers.— Prest,, A. G. Yates, Rochester; Vice-Prest., Adrian Iselin
Jr., N. Y.; Treas., J. F. Dinkey, Bochester; Sec, J. H. Hooart, N. Y.
Directors.— Henry G. Barbey, A. G. Yates, A. Iselin, Jr.. W. H. Peckham, H. I.
Barbey, Walter G. Oakman, C. O'D. Iselin, J. H. Hocart. W. Bmien Roosevelt,
Ernest tselm, Oscar Grisch, John L. Riker, Samuel Woolverton.
N. "5?. Office, 36 Wall St.-(V. 80, p. 116,599, 1856, 2219.)
Buffalo
Susquehanna RR.— (See Map.)— Operates a line extending from DuBola, Pa., to Wellsville, N. Y., with several branch
lines, inoludlng 20 miles leased. Total mileage, 227. This includes extension of 55 miles fjom Sinnemahoning southwest to Tyler, DuBois
and Sykesville, Pa., where recently acquired coal properties are located; completed Sept., 1904.
V. 79, p. 902.
Has trackage rights
from Stanley to Juneau, 15 miles, whence extension is being built to
Atwood, 22 miles, under charter of Du Bois A Southwestern. V. 77. p.
768, 1301; V. 78, p. 102; V, 80, p. 710.
Buffalo Extension. —An extension is also being constructed from
Wellsville to Buffalo, 84 miles, under charter of the Buffalo St Susquehanna Railway. See the By. Co. below and V.76, p. 593; V.74, p. 1037;
V. 75, p. 76, 665, 922; V. 79, p. 2091.
Buffalo & Susquehanna Coal A Coke Co.-This company, the entire
stock of which is owned by the B. & 8. BR., owna coal landa at Medix,
DuBoia, Troutville, Big Run and Plumville, Pa. Theae landa are estimated to be underlaid with about 100,000,000 tons of coal and are
entirely free from liens. The DuBois property is in active operation.
.
Rentals
8peoial appro'ns, etc.
&
V. 77, p. 1301; V. 79, p. 2091-2.
Powhatan Coal A Coke Co.—This company, all of whose securities
owned by the B. A S. BR., owns coal lands at Tyler and at Sykes-
are
underlaid with about 26,000,000 tons of coking coal. Both its
plans are completed with the exception of the coKing ovens. The
output will go chiefly to Buffalo for the use of the Buffalo A Susquehanna Iron Co.
ville,
,
.
RAILWAY STOCKS AND BONDS.
308
GENERAL PLAN
.*«**
pt'
BUFFALO & SUSQUEHANNA RY. CO.
AND OF THE FURNACE PLANT OF THE
J\\ BUFFALO & SUSQUEHANNA IRON CO.
*
xOakville
o&
3
>
CO-
p,.<v
OF THE BUFFALO TERMINALS OF THE
[Vol. lxxxi.
^<M
w
"V
^Fo;^JJXJ4i===z=
&?j
,p&
O*
^RRE^l^SSiSi
\fc'
?\G
«
qopoo
oooooqcbo * ?
3
*g35
irftifl&'i
ftr-
"ft,
iJjJJMhousie
Co
Grimby"
Catharines
LACKAWANNA STEEL
o
MerittonT
CO.
J
^r
Therold{
L
/Allanburg
Akron
.lmyi
.1n.es
<&U3i
h.
Jc. 4
*f*i
£iS
-Manchester"
vi
Welland
i
Port Colborne
Jc.
/Avon
Limad /
-G—oiAlden. _
Cn n
C^eneaer c*st ef
Attica/
\
I
**o* AJ£y )V*U*ark Aurora
<*>
^
S^?l r#:
"b
V /<*%
Derby
A
K
V
X?
y
\
!
«* afiS)JewehviJle
'
b
I
/^
f",'
*S-B^ton
•2\
!
M
Y/
V
/£
Glenwood
/-^('Mount
Lawtons °
• im
~
1
3
hj
BP" neVi
^lr^^ r^S4^S
A ixW tf»"
.stvil.X
Cowanda^
'
vi '-«
%-^^?C
#Hou
X /j^
\ J/^^%1
^^SSSST
oCentretflle
<J
K hton
',\Caneadea
Jc.
J
C
A
T
V[
"7
Elgin
\\
-V\
U Q U AVconewango S^
"(
Is.'hua s
\
bGreat Valley
!
^
Hinsdale.
Wniclmont
f/
Frie.'ndshipW\
'Iciiba
.
>
ltivei-side Jc:
•
T
l'oitville^P
l,Aildover
Bradford
L'ni<in City
y
,
^»^,,
^"<„\
S
S
^
FOR
/
Run
Itoss
,
v
f^\_ _ ^
;
ingJol " ls ""
'"'
1
»/ Luchida
//Brandon
1.
i
<•
/
tf ililltiii'div
^ >
x
-o
Sligo
fi>JT e
**>
^olW^ °^
•
*
^JLCOSTELLO
^
/-
/
r
QT
\Manaflelg
Hazel r
.
A
M
\
R0N^
Q
""Q
:,
"1"«
Dagui M ines
Toby Mines .\^S|^
A-S^4i„.
5«^
°«'ri'
l^r *
't<
R^^^V^
\[
y/
\
'"/*
\
Ralston/f
J°
\
Bod|
Run
JJenovo^_^Jirs~
^
A"
„ ,„ Vvilk \L
JJ.te< v,\,nie \
X.I/^^-^XqIkN
N\
\XfrN T\S
Union,
\
v
Jersey
Kun
IM
G
N
I
\
\
Williamdpo rt
A-o
\?
}
O^'ien
Kun
C
Y
\>vaterville
bS?<
Trout
"
C<liipnel\*
d^
*.n
/
/
i
Grovei^
"Hoytville
A(/ W?K
iiNNEttfiAHONiroh
/
.
^ ^ /««"
relate
Vf
*«
i
/
J?"*,
Brook
Fall
;
1.JSHBAUGH
oX
B
"
B^'^ O*
^liEY
--
Y....»
,
GUE
WHARTO
/WHARTONJ^'
E
,
EJlossburg)
"iB
oLeetonla
?
JE
V
SAU
\
WalstonA
Halls
s
Nisbet
ShoXS
,.
;
D
-vJ/rJ
I
U
B~*»T*»'I,orteS MunsonN
SJ
A N A
J
>3
/
ll
-7_
Z_«X —
HpatWs
V^Coalport
-.
""Xpatton
\
.,
>
M/ Xo/t R /v^
Bellefonte
Bufraldi-u
Cherry Tier
Indiana
,1 V^X^-r
MAP OF THE
BUFFALO & SUSQUEHANNA
\Tyrone
RAILROAD
Vlnto/i Dale
burg
[
I
'
I.-ii
rsville
I
/c
u
^
fALTOONA
\^
Q
-
. t
Wl
'i
PENN.
N
,
/\'i
lV
E
T^PnUlpBburg
>2£rL
Osceola
LaVose
\
11/0
Wingai
,ue
--\ ~\
.
Allen wood 41
Loganton"
MoahaiViwiySnowjMw,
e
/
Jc/\
LEA
Lumbei-.Cyro.fi /
x_/
Arcadyro/i
A1.
Kt,a.
P
Mill Hall
3''^
C,earfle
"''''''u^^X
.V^/
\tYlELDSr
fi.CS/
//
S>'iskiminetas
v
JL?i_R_..
Beecb Creek^
.;^{rVaou"Tj'i LLE
Forxjh.u.j^^raRro.ojRUN.
'ARM'STRONGf'.
Kaithuus^
<V. '-"-t^
"'"'.''''XC
1
Pine
V
/'^^'k.C'O/tt
wr#
'
1
^"~
'Vjl'l
/^I^Sa
^VVjINGHAMS
vjj)
awso)iham
Call.';
Gardean/
i
^
raJ^montYSted Bank
\
Sylvester
ViClarlon
Fo"xi7i7ij\/
__^|
A
NELSON
j&oSU *?& \
:
i
"VANVLEETS
av^nichols
vl^vV "^^%
Jc.
? \$\ CLARION
Mill
iaunden
o Saunders
6 RUN $UM
,
^\C
rrie'r^^a/
i
^/Clarion
'
Corn
ER/
\l
K^e/rdslejL^l^^N
j
5
/r.
Mills
^^
J
/
/
dersport/
TJieno^Run
.lei/
i
E
'
,
^<_
^V W*^
BROOKLANC
NCL'SpN RUN'?
Winlacls
7TyieUu,V"' Cl ^!a; 1 )1/
Mi,/
/
1
J
,
i
iiisbyj
Wilcox
I
i
o"~
KJ
Campbell
!
ort Allegany
Lb
XStrafehu/
•
'
J)
'
i
Colcsburg^/
i
kE.Smetnport
'
P'JE/f7N sN
Y
^'
Morelan<
s^J
„wedeti' Valley"
a,ih
/
/
O
B
WEWFIELD
^^f^^pCORNERy/Mitehel,!
Cs^k^-A_ .^/^'"HILLIPS
^acutler i~^w7<-owanesque o
<
s/Tr"'''"'
E
_on,.,,o/
«.«^
»,4i
Watkins Glen
Jath
i
Sheffield Jc. ^'*-
OilCit
9
f <°
P \0
KEAT N >isU M M IT
^llazeillurst^i,.,.,,^,^
jV
]V \ /
\ !KanXo/iI«-( tlSn^^^t
//r,<I>outc
•
|
\n
,;a
7
\Morrieon s Newton'
^^~_^K_uslie(iua^^/i.)i
J.
\^S^ "Mt.J.^fi^J^^
V --r^>J£/ I
£// Garrleld
Hickory
o^ Andrews
Vr/
v
.-lart-njlon
ATrymfville "-/J
o/
V Kin Z „a Kr. )^«>'abee 8
SK \E,
N
*"/
I
"' 1
BINCHA^"
A-EST
Uarnhborg
lil;i(lei-unV_;
111
lA
Howard JoSl
\
1
^/Uarlancb
1/ Barney
MAPEsT
SHONGOT^/ ^
F.ldivd
I
U
E
Cameron
GENESEtJ^HICKOX
ItussclP
KS
5
Si Norton Hollow
I
Coiydoirf
'Corry
>
STANAROVfc
i
Wolf Run
er/.i.
Erie Jc.
Adrian
FalllCreek
WELLSVILLE
I
OniiviUe/
f>
,
_
v
K %dl »? Center
•
/
Kaiiona
^
Llomellsville ^S
I
^'aJ confer
Janiiestown
""
,
ft
.
„<#ratjsburgf Ae„*fl$»ndee
i
Haakell Flata
Olean
j
Tip Top
\Scio
Carrollton
~,
IJ
!
\ 9<*}eld
t«
Italyhill
I
,J\%Angpliea/SchQies
01
R/A U G\ U
A
mel
S^ *"^ \-°^ Almond
VQ k/North Cub!t%\13elvidere n 'yA„,
/ L L \e g a
A an
Ashfordi!
Yanl
j-IIiJjirodsY
1
^^^~Atlanta oKerfoot&ff e H
I
——?i ^ -
.A
DansviIleV,V
N-»-
ELFAST
"
,,„
%^Z)£ „ .;,V,
'iHomellsvilleVXA;.
Jo.
<^
Centre
^Fillmore
•
ill
^Bristol
A «4-
\swainsie/
JJ$
v11'
„
Beave r
!_ _
.
i
Cherry Cr./!
,, 11
S-
H'
*
V Xff
V V\
M^^^. ade / "Sl« p O''t*geA/^\
ISC
^\
k'iir £ - - _ _/- Fnt
^Vo.kvl
;
T'
I
W /
Arcade,/^
East
9
o.
'
/G
N
ll
/
'Cattiiriliigusi
S
Wafi
N.
|R
^Tohnsonburgf^avsa-w
W
\
RiceviUeQ
RiceviUe
-\
1'
Canandaigira
Earl
a/E/^^A^ ^\ A/ \
Dunkir)
>
S
(l
i
v'-;y
1
1
(Ionia"
>Elma
Dunnville
^
News
Fishers
/THollldayaba
inirg
AND
ITS
CONNECTIONS.
,
,
July, 1905.
RAILWAY STOCKS AND BONDS.
J
RAILROADS.
Miles
Date
Size, or
Amount
Par
of
of
For explanation of column headings, &c, see notes
Outstanding
Road. Bonds Value.
on first page of tables.
Oambria
dt
103
30
Clearfield— let M. ($2,000,000) g.GP.o
Gap
1st mortgage
Consol. M. a. f. not dr'n
Clearfield & Jefferson 1st mortgage.
Pa. &N.W., gen. M., $2.500,000
Bell's
GuF.c*
GuP.c*
CuP
o*
GnP.o*
Camden dt Atlantic—See West Jersey & Sea Sho
Camden <£ Burlington County—Stock, 6 p. ct. guar.
M
,g..gu.p.&i.byUn N.J.RR.&Can.Co.GP.c*
Canada Itl .— 1st M., g., Ottawa to Lacolle, &C.FC
1st
Consol. 1st mort., 816,000,0. 0, gold, guar.
& Parry Sound
p.
1st mort
Central Counties IstM., interest rental...
Canada Mich. <£• Chic— 1st mort. See V. 63, p.
Ottawa Arnprtor
&
30
46
76
30
30
138
i.
261
38
....
1st M. $14,000,000 (Can. money). 8eeV.63.p.l88
2d M. for $6,000,000. Canad'n money. Do.do.csr
Learn. & St. Clairlst M., gold, gu., p.&i.(end)... .c
459
404
404
16
Can. No.—h. Man. Ry.& Can Co., $8,000 p. m. 1 g
gQ
Can. No. and Man Divs., $8,000 p. m.
Gilbert Plains Branch, $8,000 per mile.... r g
Ontario Div. 1st M. deb., £72,000 are 4ifiS. } _»
Manitoba Branch lines, *8 000 per mile.... £
Manitoba Branch lines, $10,000 p. m. Text ivj
lstcon.den.M.(Man.lines) $10,000 p.m cfcrj s*
Gunflim Branch $10,000 per mile
Manitoba Provincial bonds, $8,000 per mile
Perpetual consol. debenture stock
IstM deb. s'ock, $13,000 p m.,gu.by Can. Gov.
1st land grant M., red. 110 (V. 75, p. 183,549)..
Imperial Rolling Stock, 1 st M., ser. A.part due y'ly
ser. B to F, $2 10,000 due y'ly
do
do
ser. G, $45,000 due yearly...
do
do
I
f81,737
Report.—Report
306,324
for year ending
151,994
June
287
• ••
141,820
316,493
was given at
2080), showing gross
30, 1904,
&
,
&
$1,279,000
81,000
145,000
1,000.000
1,021,000
5
g.
6
6
6
5
381,925
350,000
3,450,000
4,981,000
$ & £
1,000,000
....
380,000
1,000 Worthless.
mmmm
100 15,000,000 See text
5
14,000,000
1,000
1878
5
6,000,000
1883 l.OOO&c
4 g.
130,000
1,000
1895
4
£205,400
£100
1896
4
£468,200
£100
4
£44,700
£100
£100 £1,180,600 4&4iag
1900
4
$1,400,000
....
4
$or£
(?)
4
4,860,666
£&$
1904
4*8
669,000
1,<>00
1902
4
349,000
$500
4
£100 £1,000,000
3
£1,923,287
1903
4 g
£100 $2,000,000
1,1H0,148
5 g
1902 $1,000
5
1,680,000
1903 $or £
5
450,000
1904 $ or £
length in V. 79, p. 2031, 2091 (see editorial, p.
$962,696; net (over taxes), $327,197; otherincome, $173,894; totalnet
income, $501,091; interest and rentals, $157,958; dividend on common
$175,900; div. on pref., $120,000; bal., $47,233. In 1902-03. gross,
$1,000,752; net, $432,460.- (V. 79, p. 2081,2091; V, 80, p. 710)
Susquehanna Ry.— Has under construction a line
Buffalo
from Wellsvllle to Buffalo, N.Y., 84 miles, as an extension of the Buffalo & Susquehanna Bailroad (which see above). Upon completion
of this line the B. &. S. RR. will be leased for 999 years for interest on
bonds and a guaranteed dividend of 4 p. c. yearly on the pref. stock.
The B. & S Ry. Co. has acquired nearly all the common stock of the
B. & S. RR. Co., and it will thus control, upon the completion of its
line abort Jan. 1, 1906, a railroad extending from Buffalo, N. Y., to
Sykesville, Pa., whiob, with its several branches, will have a total mileage of about 363 miles. The Buffalo & Susquehanna Coal & Coke Co.
and the Powhatan Coal & Coke Co. (V. 75, p. 922; V. 79, p. 20H1,
2091-2,) will also be controlled. (See V. 76, p. 593.) In Jan 1905,
B. & S -interests acquired control of the Buffalo Attica <te Arcade RR.,
Attica *o Arcade, N. Y., 28 miles. V. 80, p. 471.
The Buffalo & Susquehanna Iron Co., a closely affiliated corporation,
has ereoted on a tract of land adjoining the terminal property of the
B. & S. Ry. at Buffalo two blast furnaces
(See V. 75, p. 922; V. 79, p.
2061, 2092.) The Railway Co. will transport all the coal and coke.
Stock.— Authorized, $10,000,000; issued, $7,122,200; par $100
Bonds.—The first 50-year gold 4ks (authorized issue, $6,000,000,
of which $5,000,000 has been issued) are secured by a first lien on
terminal property at Buffalo and the 84 miles under construction in
New York State; also by deposit with the U. S. Trust Co. of substantially all the common stock of the B. & S. Railroad Company. (V.
74, p. 1040). See V. 76, p. 5931 V. 79, p. 2695.-(V. 80, p. 471.)
"Burlington."— See Chicago Burlington & Qdinct RR.
Burlington Cedar Rapids A: Nortbern Ry.— la 1903 title
was acquired by deed by Ch. R. I. & Pa?. By. Co., the holders of the
outstanding unexchanged stock (about $172,200— total Issue $7,150,000) being guaranteed the payment of 6 per cent dividends J. -J, as
called for by tfce lease. V. 79, p. 1718.
Butte Anaconda <fc Pacific Ry.—See Sitpp. for Jan, 1903.
Calgary Edmonton Ry.— See page 463.
California Northwestern Ry.— Owns Ukiah to north of Sherwood, ual., 40 m.. and leases San Francisco & North Pacific Ry., Port
Tiburon, Cal. (whence ferry to San Francisco, 6 miles), to Ukiah, Cal.,
106 miles, and branches, 71 miles. In Aug., 1904, the North Shore RR.,
91 miles, was acquired by friendly interests. V. 79, p. 680.
Stock, $3,000,000; issued, $1,566,000; par, $100. Bonds are issuable
at $25,000 per mile, being guaranteed by San Francisco & North Pacific,
leased for net profits for 20 years from Sept. 20, 1898.
Earnings— For 11 mos. ending May 31:
11 mos.
Gross
Net.
Charge.
Balance.
1904-5
.$1,391,683
$357,261
$298,288 sur.»58,973
1903-4
1,332,839
240,501
289,626 def 49, 125
Year end. June 30, 1904 (205 m.), gross, $1,470,993; net. $330,557;
int., taxes, sink, fund, etc., $363,333; bal., def., $32,826.
Pres., A. W.
Foster; V.-Pres., Geo. A. Newhall; Sec. and Comp., Thos. Mellersh.
—(V. 73, p. 444; V. 76, p. 751, 1142; V. 79, p. 680.)
(The) Cambria
Clearfield Ry.—Cresson Jet. to Hoover's Mill
Branch Jet, 50 miles: Bellwood to Horatio, 61 m.; Cresson to Irvona,
27 m.; Kaylor to Black Lick, 37 m.; Vail to Grampion, 50 m.; Bradley
Jet. to Cherry Tree, 18 m.: branches, 144 miles; total, 387 m. A consolidation Aug. 1, 1903. V. 78, p. 828. Stock, $4,835,912, of which
$4,813,800 ownedby the Pennsylvania RR. Co., which operates the road.
&
Cent.
25
1,000
1,000
1897
1889
1905
Stock.— Common stocir, all ercept $2,500 owned by B. & S. Ry.,
In 1902 $4,000,000 4 p. o. non-cum.
$4,500,000; par of shares $50.
pref. stock wasjauthorized, of which $3,000,000 was sold. See application to list, V. 78, p. 2389.
Dividends.— On common, 4 p. c. in 1895 and 5 p. o. yearly since to
July, 190% inclusive, paid Q-J.; on preferred, 1 p. c. quarterly June
since date of issue, beginning with Sept., 1902.
Bonds.—The 5 per cents of 1913 have been reduced by the operation
of the sinking fund and by refunding into 4s of 1951 to $310,500.
They are subject to call at par for sinking fund in order of numbers,
beginning with highest. V. 65, p. 234.
The 4 per cents of 1951 are securedby a first refunding mortgage on
the entire property, and are further secured by deposits of purchase
money mortgaees amountingto $1,790,000 on coal laDds of Powhatan
Coal & Coke CoT, about 3,945 acres; outstanding, $4,356,000. Further
amounts may be issued at not over $25,000 per m. for the construction or
acquisition of additional road; also for new terminals, control of coal
properties and for new equipment. V.73,p.619 Total authorized issue,
$15,000,000, but additional amounts at $15,000 per mile may be issued for double-tracking mileage already covered by the mortgaae.—
V. 73, p. 619. 899. Sink, fund of 3 cents per ton of coal mined to be
invested in the bonds, if purchasable at not exceeding 110 p. c.; otherwise in securities legal for savings banks in the State of New York.
Earnings— For 11 mos. ending May 31:
Other inn.
Charge'. B l..sur.
yet.
1 V mos—
Gross.
$296,391
1901-5
$?40,583 $170,499 $214,691
$1,028,896
1903-4
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Whom
Payable
J.
e.
A.
J.
J.
RE.
838
Canada Southern— Stock
1891 $1,000
1880
1,000
1883 500 &o.
1886 500 &c.
1890
1,000
309
J.
P.
J.
J.
&
&
&
&
&
&
&
&
&
P.
J.
M.
A.
J. Phila..
Broad
O.
J.
J.
Broad
do
J. Phila..
Jan.
St. Stat'n.
Aug.
Apr.
Jan.
Jan.
J.
J.
London and Toronto.
J&d'so
J.&D.so London, Toronto & N.Y
J&D.30
F.
M.
5,
1,
3%
1927
1909
1955
1,
1,
1,
London, Eng.
London. Eng.
Irredeemable.
July 10, 1953
A. Nat. Tr. Co. Tor. or Lon. Feb. 1, 1919
N. N.Y.C.Bk.of Com.or Tor Nov. 1, '05-12
do or London, Eng Aug. 1. '05, '13
A
do Tor. or London Sept. 1, '05-14
S
M31-SS0
&
&
&
&
1,
1926
1929
Nov.
1930
June 30, 1930
June 30. 1930
1930
June 30, 1930
June 30, 1930
Oct. 1, 1930
Aug.
J &D.S0
M.
1941
1905
1913
1927
1930
A. N. Y., Gr. Cent. Station. Aug. 1, '05, Ik
J. N. Y., Union Trust Co. Jan. 1, 1908
S. N. Y., Union Trust Co. Mch. 1, 1913
O. Montreal, Bk. of Mont. Oct. 1, 1945
Feb.
F.
1,
1,
1,
1,
1,
July, 1905,
St. Stat'n.
do
Feb.
N.Y.,Bk.Mont., & Mont. Jan.
1st coup, due Jan., '06 Jan.
A.
&
&
&
&
pal.When Due.
by Stocks— Last
Dividend.
do
do
do
do
do
do
do
do
a.
Bonds— Prlnol-
,
A full abstract of the mortgage securing 5s of
1891 was in V. 52, p. 976.
Of these bonds, $624,000 were on Jan. 1, 1905, owned by the Penn.
RR. The $1,000,000 Tyrone & Clearfield 5 p. c. bonds, maturing Jan.
2, 1912, have been canceled and will be replaced by an equal amount
of Cambria & 'learfield 4^ to be issued. For year ending Deo. 31, 1904,
gross, $2,247,628; net, $442,379; other income, $391; interest, taxes,
etc.,
$310,014.
(V. 77, p. 195, 298.)
Camden & Burlington County RR.— Owns from Camden, N. J.
23 miles; branch, Burlington, N. J. to Mount Holly
Operated by Pennsylvania RR. which guarantees 6 p. con stock. Stock, $381,925; par $25. Dividends in Jan. and
July. In 1904, gross, $282,822; net, $21,081; loss to lessee under rental,
$16,334. [n 1903, gross, $331,598; net, $21,213.- (V. 64, p. 373.)
to
Pemberton, N.
J. ,
,
7 miles; total, 30 miles.
,
Canada Atlantic Ry.— Owns Depot Harbor, Ont., on Georgian
Bay, via Ottawa, to Vermont State line, 400 miles trackage to Swan
ton, Vt., etc., 10 m.; leases for 99 years Central Counties Ry.
Glen Robertson to Hawkesbnry, 21 miles, and South Indian to
Rockland, 17 m., and Pembroke & Southern Ry. branch from Pembroke
to Golden Lake, 21 in., at 25% of gross earnings; total, 468 miles. In
Sept., 19C4. the Grand Trunk acauired the road.
The Canada Atlantic Transit Co., $1,000,000 stock, operates steamers from Parry Sound to Duluth, Milwaukee and Chicago. V. 69, p.
;
954; V. 70, p. 279.
The 5)-year <s of 1905 (authorized issue, $16,000,000; Royal Trust
Co., Montreal, trustee) are guaranteed, principal and in erest, by the
Grand trunk; $4,981,oo<> has been sold, ;t6,lll 000 is issuable in exchange for old bonis whioh have matured. $2, 90S, 000 is reserved to
retire the outstanding bonds and the remaining $2,000.CC0 for future
requirement*. V. 79. p. 967, 1 131, 1641,2454; V. 80, p. 1058, 1727,
23i3. In Dec, 1901, the f entialCounlies Ry. (leased line) proposed t)
a;iply to the Canadian Parliament for authority to extend the road, issue bonds therefor and lease, sell or amalgamate with other companies. V. 79, p. 2746.
Stock, $6,200,000 common and $1,000,000 preferred, all issued.
Report— For 1903-4 in V. 79, p. 2641, showed: Gross. $1,761,300;
net above taxes and rentals, a>423,611; net earnings of steamships,
etc., $35,523; net rev. for int., etc, $159,134— (V. 80, p. 2619.)
Canada Michigan Chicago.— Bonds worthless. V. 63, p. 838.
Canada Southern Ry.— (See Map New York Central c£ Hudson B.
Railroad.)— Bo ad— Main line from Suspension Bridge station, including the Cantilever Bridge to Windsor, Ont., 226 miles; branches to
Courtright, Ont., etc, 231 miles; total, 457 miles, of which 100 miles are
nominally owned by proprietary companies. Trackage, St. Thomas to
&
London, Ont., 15 miles. Double track. 152 miles.
Detroit River Tunnel Co. building tunnel under Detroit River; see
Michigan Central RR.
Organization, Etc.—The company was chartered in Canada February 28, 1868, and debt readjusted in 1878. In 1903 made a new
lease to the Mich. Cent, for 999 years, the latter guaranteeing dividends on the stock at 2^ p. c yearly to 1910, thereafter 3 p. c; also
authorized a mortgage to retire the existing bonds at maturity and provide for improvements. V. 76, p. 1191, 1247; V. 77, p. 950.
Dividends.— 1889 '90 '91 '92 '93 '94 '95 '96 '97-01 '02 '03 1904
Since 1888
1^Z^2.1^, 3 3 3 2^ 2^ 2y'rly. 2*3 2
2%
Semi-annual dividend under lease, l 1* p. c, began Aug. 1, 1904.
Annual Report.— Prelim'y report for 1903 in V. 77, p. 2387; Canada
So. share of earnings, $355,088; bal. Jan. 1,1903, $25,727; otherincome, $2,687; divs. (2V/o)$375,000. In 1902 Canada So. snare, $310,167. Total sur. Jan.l, 1904,
$8,503— (V.
SO, p. 1911, 2313, 2457.)
Canadian Northern Ry.— Operates
Lake Superior,
to Winnipeg,
from Port Arthur, Ont., on
and thence into Northwestern Canada.
Miles.
Port Arthur to Winnipeg ...
Winnipeg to Grand View...
Stanley Jet to Gunflint
Carman Jet. to Learys.
Delta Jet. to Delta
439 Slfton Jet. to Winnipe goals..
207 Portage Jet. to Pembina
67 Morris to Brandon
63 Hartney Jet. to Hartney
15 Emerson to Rldgeville
70 W innipeg transfer line
Neepawa Jcto McCreary Jet.
Gilbert Plains Jet. to Erwood 191
Miles.
21
e3
143
51
12
6
Total June 30, 1904 (including 351 m. leased from N. P.)
1,350
There are also under construction 620 miles from Grandview to
Edmonton (of which 273 were operated in April, 1905,) and 100 miles
from Prince Albert easterly, to be completed In 190% and between
300 and 400 miles of branch lines in Manitoba; other lines contemplated will bring total mileage approximately to 2,789 miles. See
Bonds below and V. 79, p. 2696.
Organization.—William Mackenzie of Toronto, Senator George A.
Cox and the Canadian Bank of Commerce are floating the enterprise.
The Great Northern Ry. of Canada (see that company) and affiliated
lines passed in 1903 under control of Northern Consolidated
Holding Co., and will afford a through line to Quebeo and Montreal.
See Great Northern Ry. of Can. and V. 76, p. 704; V. 79, p. 151, 2454.
The Manitoba lines of the Northern Paciflo Ry., 351 miles, are
sublet from the Provincial Government for 999 years from May
30, 1901, at $210,000 annually for first 10 years, then $225,000
for 10 years, then $275,000 for 10 years, and thereat: 3r $300,000, with
option of purchase for $7,000,000. Manitoba Government has option to
purchase entire property in 1929. See below and V. 72, p. 437; V. 73,
t. 615.
3
r
.
RAILWAY STOCKS AND BONDS.
310
I
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount
Par
of
For explanation of column headings, &c, see notes of
Outstanding Rate per When
Cent.
Payable
on first page of tables.
Road. Bonds Value.
Canadian Pacific—Stock, $110,0C0,000 auth
Pref. stock limited to 4 p. c, non-cumulative....
269
Canada Central RR. 2d mortgage (now 1st)
Quebec Pro v. due on Q. M. O. & O. and N. S. RR. 370
3,221
Can. Pacific, 1st mortgage debenture sterling
1st mort. on Algoma Branch, gold
c*&r 183
Land grant bonds, int. gn. by Can. Gov't. ..o*<fcr
Consolidated perpetual debenture stock
....
Securities of Principal Leased, etc., Li NES.
Manitoba 8. W. Col. R'y $12,000 p. m., int. guar.g 218
& Northwest— 1st mort. gold, guar..o*<fcr 350
58
St. Lawrence & Ottawa— 1st mort., gold, see text
Ontario & Quebec stock guaranteed in perpetuity
671
Que. deben., interest guar, in perpetuity.
Ont. &
Toronto Grey & Bruce, 1st M., gold, int. as rental. 191
Hew Brunswick Ry.lstM.,gold,int.from rental. o* 174
Atlantic
Perpetual consol. debent. stock, int. guar
Calgary & Edmonton deb. stook, g.,int.as rental.
Branch line bonds, $1,040,000
"40
Lindsay Bobo. & Pontypool 1st M., $700,000, g..
Minn. St. P. & S. Ste. Marie and Duluth So. Sho re&A
Cane Belt—I&t mort., $3,000,000, red. aft. 5 yrs., g. All
Carolina Central—Bonds—See Seaboard Air Li NE Ry
41
Carolina Northern— 1st mort., $500,000.
Carson & Colorado— 1st M., gold, sink. fd.Mp.c*<fcr 300
M. $1,600,000 g. gu.,Un.e*<fcr
46
Carthage db Adir.— 1st
29
Carthage Water. <£ Sack.Har.—leX'M.. g.,gu.p.&i.en<L
Oatasauqua <6 Fogelsville~-l6t mortgage, g.PeP.c* ....
98
Oatawissa—Pref stocks, 5% gu. P. &, R. Ry See text.
GuP
.
.
1st consol. mort., $2,215,000, gold.PeP
Cattkill Mountain— Fust mortgage
1st income bonds
Cayuga <t Susg.— Stock, 9 p. c. rental D. L. &
o'
W
1884 $1,000
2,544,000
1887 £100 &C £1,330,000
1876 £50 &0
£200,000
100
2,000,000
1883
1884
1890
1890
£1
£100
£100
£1
1903
tlantio
1901
In Dec, 1904, $4,866,666 (£1,000,000) first consol. mort. debentures
on Manitoba lines, guaranteed, principal and Int., by Government of
Manitoba, were sold, being part of an authorized issue at $10,000 per
mile. V. 80 p. 116; V 78, p. 1274; V. 79, p. 2794.
In Jan., 1905, the Manitoba Government was asked to guarantee
$2,890,000 additional bonds, viz.. $1,000,000 for Winnipeg terminals,
a line to Oak Point on Lake Manitoba aad bridge over Assinlboine
River, and $1,890,000 for 189 miles of branohes. V. 80, p. 710.
The Ontario Division 44s (see V. 72, p. 338, 437.) were mostly
In 1902 exchanged for 4s, guaranteed, principal and int., by the Govt,
of Manitoba. V. 74, p. 882; V. 75, p. 139S; V. 71, p. 235.
In 1903-5. £1,000,000 perpetual onsol vt uled debenture slock was issued to acquire securities of controlled properties. V. 76, p. 1247; V.
77, p 87; V. 80, p. 996. As to Imperial tolling Stook 5s of 1902. see
>
V. 75, p. 1353; of 1903. V.77, p. 1746, '873; of 1904, V.79, p. 1641.
Great Northern Ry. of Canada bonds are guaranteed. V. 79, p. 2454.
General Finances —Late In 1904 and early in 19')5 there were sold
$4,866,666 first oonsol. unort. .lebenture 4s (V. 80, p. 116); £400,000
perpetual consol. debenture stock (V. 80. p. 9»6); aud £1,9?3,2*7 1st
M. debenture 3 p. o. stock (V. 80, p. 123 1). See also " Bonds" above.
31, 1905, gross, $3,482,900;
net, $1,12 r<,200.
Report.— Report for year ending June 30, 1904, was in V. 80, p.
1231, showing, gross, $3,242,702; net, $1,121,930; charges, $805,528;
sur., $316,402.
President, William Mackenzie; Vice-President. D. D. Mann; Treasurer, A. W. Mackenzie; Seoretary, W. H. Moore. Office, Toronto, Can.
Directors Wm. Mackenzie, D. D. Mann, Z. A. Lash, Frederio Nioholls
and J. M. Smith.— (V. 80, p. 1 23 1 1234, 2457; V. 81, p. 263.)
Canadian Pacific Ry.—Road—Own a trans-continental railway
from Montreal to the Pacifio Ocean, made up as follows July 1, 1904:
Montreal to Vancouver
2,905 Under construction July 1,
Branches and auxiliaries
2,215
1904
338
Leased lines
3,120 Operated acct. of owners
438
92
Also controlled but op. sep.—
Used Jointly
ffMinn. 8t. P. & Sault Ste. M.1,648
TFDuluth South 8. & Atlantio 565
Total In trafflo returns
8,332
II See eaoh co's statement.
In Sept., 1904, 113-mile branch was opened
.
History, Etc.— Incorporated Feb. 18, 1881, under oharter from Do
minion of Canada, reoelving $25,000,000 in cash as a subsidv, also
25,000,000 acres of land, all to be lit for settlement. In Feb., 1903. 15
steamships for trans-Atlantic servloe were purchased for £1,417,500,
and in June, 1903, acquired Canadian Pao. Navigation Co., operating
to Alaska and Vancouver Island points. V. 76, p. 435, 479. 1354.
In May.. 1905, the Esquimau & Nanalmo Rv.,Viotorla to Wellington,
B.C.,78 miles, was acquired. V. tO.p. 711, 96, 2457.
Stock.— The issue of preferred must never exceed one half the common stock. In 1902 the common stock was increased from $65,000,000
to $85,000,000, $19,500,000 of the new stock being sold to the stockholders at par. V. 74, p. 267, 378, 829; V. 75, p. 553, 665. The stockholders voted Oct. 5, 1904, to increase the common stock to $1 10,000,000. Of the $25,500 000 new stock, $16,900,000 was offered to stockholders at par, payable 20 p c. Nov. 30, H»04, and 20 p o. eaoh on
Jan. 30, Mar. 30, May 31 and July 31, 1905, or optionally all at any
time, the new stock to be entitled to dividend tor hall-year ending
June 30. 1905. V. 79. p. 902, 1028, 1461, 1641, 2146.
Preferred p.c.
)
'90-'94.'95. '96. '97. '98. *99. '00. '01. '02. 03. '04. '05.
2"j 4>j 4
5 y'rly
5
5
6 Apr.,
Issued in 1894.
4 p. ct. yearly (2 A.
O.)
2^
54
£719,000
£630,000
£858,300
£1,121,700
&
Dividend.
4
g<
g.
g.
J.
J.
J.3&
J.
N. Y., 59 Wall &
London June
London, Baring B. & Co.
Can. Pao. office, London.
Montreal and London.
London, Morton, Rose.
Toronto and London.
London.
do
Can. Pao. offloe.London.
1934
1,
Jan. 1, 1937
8ee text.
June.1905,3%
Irredeemable.
July 26, 2888
Aug.
1,
1934
Irredeemable.
2002
-
st
1899 500 &o.
1892
1,000
1892
1,000
1891
1,000
1898
1,000
50
1,000
103 1898
16 1885
1,000
1885 100 &0.
34
30
V. 76, p. 129«.
)
c. >
Whom.
500,000
4g J. & J. Bk. of Ment'l, Toronto. July"i","2002
atements of «,
those co inpani e' s.
1,000
$750,000
5g. J. & D. New York or St. Louis. June 1, 1921
;
Common p.
£4,007.381
& D.
& J.
15J.&D.
(6) 4
& D.
6
J.
5
J. & D.
4g. J. & J.
F. & A.
I* J. & J.
t
5
1,000
—See
183,549; V. 81, p. 263.
2*, 1904, the company, it was stated, agreed to purchase
from the Manitoba Government 256.0C0 acres of Hudson's Bay land
grant for $156 per acre, payable $20,000 cash, balance in 6 yearly
instalments, beginning Nov. 10, 1904, with 5 p c. int. V. 80, p. 710.
STOCK.—June 30, 1904, authorized $25,750,000; par $100; all paid.
Bonds.— On Winnipeg and Saskatchewan divisions there have been
issued first mortgage bonds, guaranteed principal and interest, by the
Government of Manitoba, at $8,000 per mile also seoond mortgage
bonds, unguaranteed, $2,000 per mile. See V. 75, p. 1353; V. 71, p. 235.
In July, 1903, Canadian Government guaranteed 50-year first mort
gage 3 %>. c. debenture Hock, at $13,000 per mile, for the oonstruotlon of
620 miles from Grandview to Edmonton and 100 miles from Prlnoe
Albert easterly. See "General Finances" below and V. 80, p. 1234;
DIVIDENDS—
pal.When Dae.
Where Payable, and by Stocks— Last
(?)
On May
Earnings.— For 11 months ending Miy
Bonos—Frlnol-
100 101,400,000 6 In 1904 A. & O. N. Y., 59 Wall St. &Lon. Apr. 1, '05, 3%
£100 33,473,333
4
A. & O.
London, Co.'s office. Apr. 1, '05, 2%
1880
£100
973,333
Various
6
Montreal.
Nov. 1, 1910
'82-'83
4i 2 o A. & O.
7,000,000
Montreal.
Mar. 1, 1906
1885 £100 &C 34,998,633
J. & J. London, Baring B. & Co. July 1, 1915
1888 £100 &0
3,650,000
5 g. J. & J.
do
do
July 1, 1937
1888 £100 &C 11,500.000
do
do
July 1, 1938
34g. J. & J.
1889 £1 &c. 82,355,217
4
J. & J. London, Comp'ys offloe. Irredeemable.
Land Grant.— Of the entire land grant, 2,455,466 acres, about 363,000 are held for account of Manitoba Government in connection with
guaranties, 533,000 for aocount of Dominion Government as security for a mall oontraot subsidy, the remaining 1,500,000 to be sold
from time to time through a selling agency; V. 76, p. 1083. See V. 75,
p.
Vol. lxxxi.
54
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 land bonds. These
bonds were a lien on 14,680,100 acres of land. The proceeds of lands
covered thereby are being deposited with the Government from time
to time towards liquidation of the company's liability; to Oct., 1904,
$3,500,000 was so deposited. V. 77, p. 636, 1221; V. 79, p. 1027.
List of securities held against consol. debenture slock in V.78, p. 1028.
500,000
2,000,000
1,100,000
300,000
135,000
3,200,000
2,215,000
50,000
238,000
589,110
A & O Phila., Gu.T. & S. D.Co. Apr. 1, 1929
J. & J.
July 1, 1941
J. & D. N.Y. Grand Cent.Stat'n Deo. 1, 1981
J. & J.
do
July 1, 1931
do
4 g. J. & J,
Philadelphia, Pa.
July 1, 1928
5
M. & N, Philadelphia Co.'s office Mayl9,'05,2i«
4 g. A. & O
do
do
Apr. 1, 1948
5
F. & A. Cskill.N.Y., Tan.NLBk Aug. 1, 1905
6
Divid'd pd. Sept. 10,'97 Aug. 1. 1915
See text. J. & J New York, 52 Wall St. July '05, 44%
5
4
4
5
g.
g.
g.
g-
In June, 1890, company agreed to guarantee the principal and Interest of $20,000,000 4 per oents, to be issued by the Duluth South Shore
Atlantic; also 4 per cent interest on oonsol. bonds of the Minneapolis
St. Paul & Sault Ste. Marie and in 1899 interest on the 2nd mortgage
4s of the latter, and in 1901 interest on $1,254,000 Mineral Range 4
per cent bonds, the last-named being all owned June 30, 1903. See
V. 50, p. 874; V. 51, p. 239; V. 52, p. 608; V. 68, p. 669, 770; V. 73, p.
556. Owns Dul. 8. 8. & At. consols. $15,107,000.
To the Atlantic <& Northwest Railroad, crossing the State of Maine,
the Dominion Government grants a subsidy of $186,000 per year till
1906 and Canadian Pacific guarantees the balance of interest money.
8t. Lawrence <& Ottawa bonds are endorsed with the Canadian Paoiflo's
acceptance of a 999 years' lease at a rental sufficient to pay 4 per cent
interest on bonds, and the bondholders' agreement to accept interest
at 4 per cent (instead of 6 per cent as f ormerly) , and to refrain from
demanding principal (due 1910) during continuance of lease.
&
The New Brunswick Railway consolidated debenture stook has
by C. P.; interest on the first mortgage bonds,
though not guar, is paid out of rental under 990 year lease of 1890.
The Oalgary <£ Edmonton Ry. debenture stock is guaranteed lnterst at 4 per oent under new lease of 1903. V, 76, p, 435; V. 77, p, 636.
The Lindsay Boboaygeon & Pontypool Ry. bonds are issued under a
Interest guaranteed
99-year lease ooverlng the interest. V. 77, p. 1225, V. 79, p. 2085.
Lands.— Lands unsold June 30, 1904, were 10,794,113 aores of Canadian Pacifio grant and 399,384 aores of Manitoba South Western
grant, 144,853 Great North West Central grant, 3,594,998 British Columbia Southern and 149,326 acres of Columbia and Kootenay grant;
total, 15,082,674 aores. In addition there will be acquired through
the Columbia & Western Ry. about 2.500.000 aores. Total sales In
1903-04, 928,854 acres, for $3,807,248. Tax decision, Feb. 27, 1905,
V. 80, p. 996.
As to land grant bonds of 1888, see V. 75, p. 793; V. 79, p. 1028.
General Finances.— In 1902 stockholders subscribed to $19,500,000
new common stook at par. V. 74, p. 378.
Stockholders on Oct. 5, 1904, authorized the issue of oonsol. deb.
stock at not over $30,000 per mile, to construot the Toronto & Sudbury
branch, 235 miles, also the lease of certain lines, and acquisition of
additional steamships. V. 79, p. 1636.
Earnings.— 11 mos., ) 1904-5. ..Gross, $46,051,854; net, $13,972,156
July 1 to May 31. J 1903-4... Gross, 42,052,267; net, 12,763,194
For6 mos. ending Deo. 31. 1904, net, $9,144,748, against $3,668,048
in 1903; charges, $3,400,151; dlv\ on common (3 p. c), $2,^35,000;
div. on preferred (3 p. a), $757,086; bal., sur., $2,*52,531.
Annual Report.— Fisoal year now ends June 30. Annual meeting 1b
held at Montreal on the first Wednesday In October. The report for
1903-4 in full was in V. 79, p. 1020, 1027. See also editorial p. 997.
1903-04.
1902-03.
1901-02.
Miles operated end of year....
8,332
7,748
7,588
Passenger earnings
$12,418,419 $11,001,974
$9,359,522
Freight
24,199,428
29.235,821
28,502,082
'3,944,104
Mall, express and misoell
4,814,892
4,453,318
Total earnings..\
$46,469,132 $43,957,374 $37,503,054
Net earnings
$14,213,105 $15,836,846 $14,085,913
958,827
Interest reoeived
1,691,269
1,286,812
$15,904,374 $17,123,658 $15,044,741
Fixed charges
157,334,824
$7,052,196
$7,586,097
For steamships, etc
150,000
150,000
230,000
Dividends on common st'k... (6)5,070,000(54)4,647,500 (5) 3,250,000
Dividends on pref. stook
(4)1,352,073 (4)1,300,000 (4) 1,246,840
Balance, surplus
$3,973,962
$3,063,077
$1,666,204
New directors. Aug., 1903, V.77. p. 348 —(V. 79, p. 1636. 1641,
2084, 2146, 2587, 2641; V. 80, p. 116, 710, 871, 996, 1174,^2457.
Cane Belt
Sealyto Matagorda, 93 miles. Branoh to Garwood, 9 miles, building. Lincoln Trust Co. of St. Louis is the
mortgage trustee. Bonds are issuable at $15,000 per mile, but all
bonds above the $750,000 now outstanding will be in subordination
to the lien of the latter on the present mileage. V. 77, p 2338. Stook,
$100 0U0, all acquired In Nov., 1903, by Atou. Top. & Santa Fe. which
leases the road for •''0 yea s from July, 1905. V. 77, p. 2097.
Year
ending June 30, 1904, gross, $207,7; 6; net, $8,967 —(V. 77, p. 2338.)
Carolina Central
See Seaboard Air Line Ry. Co
Carolina Northern
Owns from Lumberton, N. O, to Marion, S. C, 41 miles. W. J. Edwards of Sanford, N. C, and V. E. MoBee of Marion. 8. C, are receivers. Receivers' certificates (6s) outstanding Dec. 31, 1904, $49,114; V. 76, p. 211. In Apr., 1905, foreclosure
was pending, but'date of sale not fixed. Stook, $500,000, all outstanding; par of shares $10. For year ending June 30, 1904: Gross, $54,302; net, $19,616 total deductions, $39,368.— (V. 76, p. 211.
Carolina &. Northwestern Ry.— Owns standard-gauge road
Chester, S. O, to Lenoir, N. C, 110 miles. In May, 1903, extension
was proposed from Freelaod. N. O, near Lenoir, to Blue Ridge Mountains. 45 m. Reorganization in 1897 of Chester ite Lenoir, foreclosed.
In Mar, 1900, nearly all stock was acquired by a syndicate. Stook
authorized, $1,000 000 eaoh of common and 4 p. o. non-oum. pref.;
outstanding, Aug. 1903, $859,650 common, and $550,000 pref.
stook. Of the 50-year 1st gold 5s, due July 1, 1953, (Standard Trust
Co. of New York, trustee), $1,500,000 were used to retire all underlying bonds and $1,000,000 are applicable to extensions, new equipment, etc. Year 1903-04 (110 miles), gross, $241,040; net, $66,125;
RR.—
RR.—
RR.—
I,
.
.
July,
—
. .
RAILWAY STOCKS AND BONDS.
1905.]
RAILROADS.
Miles
Date
Size, or
of
of
Par
Yor explanation of oolumn headings, Ac, see notes
Road. Bonds Value.
on first page of tables.
Oedar Rapids Iowa Fallt <6 Northwestern— See Oh ICAOO
100
Central Branch— Cent. Br. U. P. 1st M., g.Un...o*
288
Central Branch, 1st mort., guar., gold
312
Cent. of Georgia By.— 1st M.,$7,000,000,g.G.0*<fer
o*<fcr 1,400
Consol. mortgage, $18,500,000, gold
Mob. Dlv. 1st M. (Columbus to Andalusia) g.G.o* 138
Maoon & No.Div. 1st M.. $840,000, gold. MBa.c* 102
77
Ocon.Dlv. 1st M., Brew, to Dover, $6,000 p.m.S.o*
Mid. Ga. <fe At. Div. 1st M.,$9,000 p. m.,our Go* Text.
21
Eatont. Br. 1st M. not guar, by Cen. Ga., g
164
Chatt. Div. puroh. money M. $2,400,000, g S.c*
.0'
138
Chatt. Rome & So. 1st M. $500,000, gold. U
....
1st pref., incomes ) Interest up to 5 p. c. Mp...
gold, if earned. Ce
....
do
>
2d do
Me
Me
.
3d
do
do
Cent.
RR.& Bk.
Ma
non-cumulative
)
ooll.tr. b'ds, g., red. at HO.Ce.o*
Equipment trust notes Apr.
30, 1905
Looomotlve & car trusts, payable $98,000 s.-an.c
Loco and car trusts, $33,000 due semi-annually
Guaranteed, etc., securities.
Ocean 88. Co. 1st mortgage, gold, guar.Ce
St'msblp b'ds.g.ass'd by O.8S.Co.,$69,000 due
Chattahoochee <fe Gulf, stock
IstM., g., $2,000,000, int. rental, s.f.,red.l02i8
Oent.lnd.— 1st M., $4,000,000, gu.p.&l.,end.Ce o*<fcr
Central Massachusetts-See Boston & Maine RR
Central New England— Common stock
Preferred stock, 4 per cent
1st M., $1,250,000, call at 105 after 1904. FP.c*
r
Gen'l mort., 5 p. o. inoomes,$8,500,OOO.FP
Central Ohio See Baltimore & Ohio.
1898
1899
1895
1895
1895
1895
1901
1897
1896
1901
1897
1895
1895
1895
1887
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
1,000
1,000
1,000
1,000
1,000
1,000
'00-1-5
1902-3
1890
o*
m
1,000
1,000
1903-4
53
333
91
117
1900
1903
1,000
1,000
100
100
58
1899
1899
1,000
1,000
total deductions. $82,470; bal . def., $16,295. Prest., Wm. A. Barber.
5 Nassau St., N. Y.-(V. 70, p. 893, 1095; V. 76, p. 541; V. 77, p. 348.)
Carson
&
Colorado Ry.- (3-foot gauge.)— From Mound House,
294 miles; branch, 6 miles. In 1900
and all the bonds were acquired by the
Southern Paciflo and tne road will be broad-gauged and extended
northerly to a connection with the Central Pacific and southerly to
Moiave on the Southern Pacific, about 100 miles. V. 70, p. 381, 685;
V. 72, p. 287. For year 1903-01 gross, $415,828.
Nevada, to Keeler.
Cal.,
substantially all the stock
Curtilage & Adirondack Ry.— (See Map N. T. Central.)—Owns
from Carthage to Newton Falls, New York, 46 miles. The entire stock,
$500,000, is owned by the New York Central RR., which In May,
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.)
Carthage Watertown & Sactceti's Harbor RR.— (See Map
N.T. Central.)— Owns from Carthage to Saokett'sHarbor.N.Y., 29 miles.
Controlled by N. Y. Central, which owns $484,100 of the stock and
guarantees the bonds. Leased to R. W. & O. for 37^ p. 0. of gross
earnings. Rental in 1903-04, $42,090; in 1902-03, $42,525; in 190102, $44,448. Capital stock $465,845 common and $21,500 preferred.
&
Catasauqua Fogelsville RR.— Road from Catasauqua, Pa., to
Rittenhouse Gap, Pa., 29-5 miles. Opened in 1857; in 1890 the Philadelphia & Reading acquired control through ownership of a majority of
thecapital stock of $426,900 (par, $25.) Of the stock $254,125 is owned
by Reading Co.. $251,625 being deposited as part security for Read,
gen. mort. of 1897. For year ending June 30, 1 904, gross, $10r>,l*-2;
net,$18,628; deductions, $9,209; dividends, $29,883; bal., def., $20,463.
RR.—Owns from Tamanend, Pa., to Newberry Jc, Pa.,
and branches, 5 miles. Re-leased Deo. 1, 1896, for 999 years
to Philadelphia & Reading Railway. Rental, interest on the bonds, 5
p. 0. 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 1903 $2,200,000 was first preferred and $1,000,000 second
preferred and common was $1,159,500; par $50.— (V.72, p. 1187.)
Catskill Mountain 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. 0.
First Incomes have one vote for each $100. Earnings.— Year ending
June 30, 1904, gross, $53,642; net, $14,626; interest, etc, $11,773.
Cayuga & Susquehanna RR.— Owns from Susquehanna River
tJ 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. Dividends paid are 9 per cent yearly, with an occasional extra amount; In 1904, 9 >u p. c. was paid.
Central Branch Ry.—Owns Lenora to Atchison, Kan., 293
miles Jamestown to Burr Oak, Kan., 33 miles; branches, 62 miles.
The $3,459,000 1st 4s of 1899 are guaranStock, $7,585,000.
teed, prln. and int., by the Mo. Pao. (see V. 68. p. 329). Form of guaranty V. 70, p. 279. For calendar year 1904. gross, $1,649,048; net,
Catawissa
98
miles,
;
;
$696,864; other receipts, $7,622; interest, $238,360; taxes, $97,773;
miscellaneous, $13,655; balance, surplus, $354,698.— (V. 73, p. 31.)
Central of Georgia Railway.— System inoludes:
Lines ownecfm fee.
Miles.
Lines leased— (see these oos.) Milet
Savannah to Atlanta
295 Southwestern RR.—
Gordon to Porterdale
86
Macon to Eufaula
144
Columbus to Birm'gham, Ala. 156
Fort Valley to Perry
Columbus to Americus
62
Fort Valley to Columbus.
Montgomery to Euf aula, Ala.
80
Smith ville to Columbia
Columbus to Greenville, Ga.
49
Cuthbert to Fort Gaines...
Opelikato Roanoke
36 Augusta & Savannah RR.—
Euf aula to Ozark
60
Millen to Augusta
Griflin,Ga.,toChat.,Tenn, eto
Chlckamauga to Durham
Savannah to Tybee
Columbus to Andalusia
Macon Junction to Athens.
Brewton to Dover
Barnesvllle to Thomaston
Lyerly Branch
Total owned (and
12
71
85
21
53
198 Chattah. & Gulf RR.—
18
Columbia to Lockbart
91
18 Trackage
1
138
102
Total oper. Nov., 1904... 1.878
77 Also Meldrim to Lyons, 58 miles,
16
(leased to Geo. & Ala. Ry.
9
—Seaboard Air Line sys.)
Ocean Steamship Company,
1,400
estimated equivalent of
300
.
oper'd) . .
proi osed from Greenville to Newnan, Ga., under charter of Greenville & Newnan, Ga., 25 miles; incorporated in May, 1905,
with $10,000 stock; the present line from Colum'ius to ureen ville, 49
miles, to be made standard gauge. V. 80, p. 2457; V. 81. p. 210.
Organization—Organized Oct. 17, 1895, and Nov. 1 suooeeded to the
properties of the Central RR. & Banking Co. of Georgia, foreclosed
per plan In V. 60, p. 1008 and V. 61. p. 68. Chattanooga Rome &
Southern was merged June 1, 1901. V. 72, p. 674, 721, 987, 1134.
Stock.—$5,000,000 held by interests allied with Southern Ry.
Bonds.—The first mortgage of 1895 (described in V. 63, p. 1160) is
& first lien on the main line from Atlanta to Savannah, including the
Milledgevllle 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.
S« div. was paid on Ocean Steamship stook In 1904. V. 79, p. 783.
Applicajon for listing firsts and consols, in V. 63, p. 1160.
Extension
is
|
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Dne.
Rate per When Where Payable, and by Stocks— Last
Payable
Whom.
Cent.
Dividend.
T.
$2,500,000
4 g.
3,459,000
7,000,000
t g
16,700,000
gl
1,000,000
£ g.
840,000
5
462,000
5g.
413,000
5 our
168,000
5g.
4g.
2,057,000
343,000
5 g.
4,000,000 5 in 1904
2 in 1904
7,000,000
4,000.000 Up to 5g.
4,880,000
5 g.
4I2&6
341,136
4>*
1,067,000
4 1* g.
429,000
-
5g.
5g.
1,000,000
8*55,000
100
100
100
m
....
58
Outstanding
Rock Island & Pacific R
1905
s.a.
Augusta & Savannah stock (no bonded debt)
Southwestern Railroad stock (no bonded debt)
—
....
•••
....
....
Amount
311
5
5
5
5
1,022,900
5,191,100
436,400
378,000
1,500,000
g.
J.
F.
F.
M.
&
&
&
&
&
&
&
&
&
&
&
D. N. Y., Merc. Trust Co.
Do
do
A.
A. N. Y. Guaranty Trust Co.
N.
do
do
do
do
do
do
D.
do
do
do
do
J.
D.
Savannah, Ga.
D. N. Y., Guar Trust Co.
J. N. Y., Union Trust Co.
Oct. 1 N. Y, Gu. T. Co. or Sav.
J.
J.
J.
J.
J.
J.
J.
J.
J.
when earned,
do
Oot. 1
when earned.
do
Oot. 1
M. & N. N. Y.. Guaranty Tr. Co.
Mo.&qu
Various.
J.
J.
J.
J.
J.
J.
J.
4g. M.
do
do
N. Y., Blair
& Co.
&
&
&
&
&
&
&
J.
J.
J.
J.
N.Y., Guaranty Tr. Co.
J.
Savannah, Ga.
<&
N. N. Y., Central Trust Co.
do
J.
do
g.
g.
J. Sav., Ga., Citizens'
Bk.
&
A. Fid. I.T.& 8.D.C0., Phil.
Yearly, if earned.
Oct. 1.
F.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
July
1,
1920
Savannah, Ga.
July, '05, 213%
Savannah and Maoon. July, '05 ,2VK>
To be h eld In tr ust for ten years, or un
3,450,000
3,150,000 < is pai d on gen eral mortgage for two
5
5
1948
1919
Nov.
1945
Nov.
1945
Jan.
1946
Jan.
1946
Deo.
1945
Jan.
1947
June
1926
June
1951
July
1947
Nov.
1945
Nov.
1945
Nov.
1945
May
1937
To Jan., 1910
To Nov., 1910
To Jan., 1912
Feb.
To July, 1911
)
1,060,000
7,250,000
June
July 1, '05. 2i«
July 1, 1930
May
til
1,
1953
4 per cent
years.
Feb.
Feb.
1,
1,
1919
1949
The consolidated mortgage (see abstraot In V. 61, p. 873, also see
V. 63, p. 1160) Is a nrst lien upon 600 miles [Including former
Mont. & Eufaula RR., 8av. & Western and Sav. & Atl.]; also on
the leases of the South Western and Augusta & Savannah roads and
the stook of New England & Savannah Steamship Co., and a second
lien upon the main line, its equipment, etc., and also on the Maoon
& Northern and Mobile & Girard. It also covers all leaseholds, securities, etc It may be increased to $18,500,000, at not more than $500,000 In any one year, for betterments and equipment.
Macon dt Northern Division bonds are also direct obligations of the
Central Ry., with first lien from Maoon Jet. to Athens, Ga., 102 miles.
Middle Georgia <& Atlantic Division bonds are issued at $9,000 per
mile, of which $8,000 was for purchase of road and $1,000 retained
by Cent, of Ga. for betterments; subject to the Eatonton Branch
bonds, $168,000 on 21 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, subjeot to the prior mortgages, cover
the main line and the former Savannah <fe Western, Columbus & Rome.
Montgomery & Eufaula, Mobile & Girard, Maoon & 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 exoeeding 5
per cent in any one fiscal year, but payable only out of net earnings
as declared and secured by the deed of trust.
In July, 1905, a $600.C00 bond Issue, it was reported, was proposed
to open up coal fields in Northern Alabama. V. 81, p. 210.
Dividends—
) 1896. 1897. 1898. 1899. 1900. '01. '02. '03. '04.
On 1st pref. Incomes, l Ik 2k
2
2
5
3k
The first div. on 2d Incomes, 2 p. c, was paid Oct. 1, 1904.
Collateral trust mortgage abstract was in V. 45, p. 242.
The Chattanooga Division mortgage is a first lien on the former Chattanooga Rome & Southern RR., Carrollton, Ga., to Chattanooga,
Tenn., 138 miles, and Durham to Chickamauga, Ga., 17 miles, with
branches, in all 155 miles, subject to $343,000 old 5s, for which a like
amount of bonds is reserved. V. 72, p. 1134; V. 78, p. 1446.
Latest Earns., 11 mos. > 1904-05.Gross, $9,384,096; net, $2,493,083
1,973,051
July 1 to May 31.
8,728,548; net,
5 1903-04. Gross,
Annual Report.—Report for 1903-04 in V. 79, p. 783.
1902.
1904.
1903.
Years end. June 30
&
355
Gross earnings
Total operating expenses
$9,396,931
6,864,509
Taxes
322,877
Net earnings from operation.. $2,209,545
Other sources
220,661
Total net income
$2,430,20tf
Interest on funded debt
$1,6(56,299
Rentals and miscellaneous .
425,441
Div. on 1st incomes
(5)200,000
Div.on 2dincomes
(2)140,000
Balance for year
Officers.—President, J.
def.$l,533
$9,164,470
6,822,732
269.817
$2,071,921
192,413
$2,264,334
$1,663,900
396,928
(5)200,000
sur.
$3,506
$7,750,691
5,531,039
269,471
$1,950,181
201,674
$2,151,855
$1,663,900
365,015
(3)120,000
sur.
$2,940
Hanson. Macon. Ga.— (V. 81, p. 210.)
Central Massachusetts RR.— See Boston & Maine RR.'
Central Indiana Ry.—Munoie to Brazil, Ind., 127 miles, of
which 10 m trackage. V. 76, p. 653. Controlled by Cleveland Cincinnati Chicago & St. Louis and Pennsylvania RR. Interests. Bonds,
guaranteed by Cleveland Cin. Chic & St. Louis, are limited to $20,000
F.
per mile; present issue. $1,500,000 (V. 77, p. 517, 2279; V. 78, p.
1906, 1961.) Stock authorized, $120,000. Calendar year 1904, gross,
$141,845; def. under oper. exp., $80,^67. In 1903, gross, $104,347.
President, Joseph Robinson.— (V. 77, p. 2279; V. 78, p. 1906, 1961.)
New
Central
England
Owns from Campbell Hall, crossHudson River at Poughkeepsie by its own bridge, to Silvernails, 58 miles ; and leases and controls Hartford & Conn. Western
RR., Hartford to Rhlnecliff, 109 miles; extension from Tarifrville,
Conn., to 8prlngfield, Mass., 18 miles, operated from Sep., 1902; total,
185 miles. The lease of Dutchess Co. RR., Poughkeepsie to Hopewell
June, 12 miles, was assumed Dec. 1, 1904, by N. Y. N. H.
H. RR.
V. 72, p. 1279; V. 73, p. 337; V. 76, p. 435.
Organization.—Dicorporated in January, 1899, per plan In V. 66,
p. 574, and V. 67, p. 789, as successor of Phil. Read. & New Eng. RR.,
sold in foreclosure Oot. 6. 1898; V 68, p. 84. In Feb., 1904, the New
York New Haven <fe Hartford RR. acquired a majority of the stook
and $5,100,000 of the *7.250,000 income bonds; V. 78, p. 701, 768.
Ry.—
ing the
&
Owns $1,390,000 Hartford & Conn. Western
stock
Stock.—The stock is to be held in voting trust for ten years, or until
4 p o Interest is paid on general mort. for two years. Voting trustees,
J. P. Morgan, Wm. Rockefeller, Charles F. Choate, Charles F. Brooker
and Charles Lanier.
Bonds.— Of the first 5s, $600,000 were reserved for Improvements.
Earnings.— 12 months ending June 30:
1 2 mos.—
Balance.
Gross.
vth. income. Charges.
Net.
1903-4
1902-3
$193,458 def.$19,222
$847,751
$138,«78
$35,358
155,160 def. 14,309
7,565
655,535
133,286
Officers.—C. S. Mellen of New Haven, President; A. S. May, Treas.,
and J. G. Parker.Seo'y.— (V. 78. p. 701, 768; V. 79, p. 2641.)
Central Ohio RR.—See B. & O. RR. Co.; also V 70, p. 75.
.
RAILWAY STOCKS AND BONDS.
312
:
»
[Vol. lxxxi.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
RAILROADS.
Miles
Date
Size, or
Amount
Par Outstanding
For explanation of column headings, &c, see notes of
of
on first page of tables.
Boad. Bonds Value.
,
Central Pacific—Common stock, $67,275,500
Preferred stock, 4 p. c, cum., $20,000,000....
1st ref. M., $100,000,000,
$
100
J
g.,
gu.,p.&l.en.Ce.c &r 1,349
1. end I7s.c*<fcr 1,349
New 3!2S, $25,000,000, g., gu.,p.&
New M. on Lucln cut-off
G.
Notes for U. 8. debt.due $2,940,635 half-yearly
Cent. RR. of N. ./.—Stock ($30,000,000 author)
Convert, debentures, convert, into stock till 1907
Cent.RR.ofN.J., Gen.M.for$50,000,000,g.Ce,o&r
Equip. M., Ser. A & B, $420,000 due y'rly ....
do
do Ser. C, $350,000 due yearly...
text,
o.*& r
103
mmm
All.
'99-'02
Guaranteed Bonds—
Leh.A Wilkesb.Coal con.M., gu.,p.&l.,ext. In 1900
....
5s of 1912,slnk.fd.not gnar.(not drawn) FP.c
Am.Dock& Imp.Co.lstM., gu., redeem, at 110.. -C wmmm
Ce
38
N. T. & L. Br. gen. M., g. ($192,000 5s)
Leh. & Hud. Riv.,gen. M., g., guar, jointly. Ceo*
Cent. RR. of Pennsylvania—1st M., $1,200,000. FP
Central of South Carolina—1st mortgage, gold.-.c
40
Central Vermont—Stock, $3,000,000
AIL
1st M., $12,000,000 gold, traffic guar. A B o & r.
Montreal & Province Line By., 1st M., gu. p. i.,c 406
Charleston <£ Savannah—Bee Atlantic Coast Line RB.
Charleston Term'/— 1st M., $1,000,000, g.S..c* & r
Oharl.4 West. Car.— 1st M.,g. ($8,000 p.m.). Ce..c*<fcr 340
Income M., g., non-cum., ($7,000 per mile) G..c*
Augusta Terminal By. 1st M.,g., gu.,p,& 1. end.Ce.
mmm
Charlotte Monroe <& Columbia—1st M., $70,000, g.
22
<£ Augusta— See Southern By.
Charlotte Columbia
<fc
IT
1899 500 &o.
1899 500 &o.
1904 lOOO&c.
1899
100
1883
1,000
1887 500 Ac.
1,000
1,000
1903
-
registered bonds Q.-J.
c Guara
as collateral for n otcs b y U. 8.
Includes $1,167,000 in treasury Dec, 1904.
Central Pacific
—
Ban Francisco,
Ogden, Utah
By,- (See Map of Southern Pacific.)
Miles.
Cal., to
Miles.
Umbria
near
871
Lathrop, Cal., to Goshen, Cal. 146
Roseville Junction, Cal., to
Oregon State Line
296
103
43
to Cecil
Branches to San Jose, eto
Trackage
Into Ogden, eto
—
Total
11
1,460
(2) Preferred stock, 4 per oent cumulative, authorized issue $20,000,000, to be delivered to Southern Paciflo Co. In consideration of issue
of equal amount of Southern Paciflo Co. 4 per cent collateral
trust gold bonds; of which delivered on completion of readjustment, $12,600,000; reserved to be delivered only to provide additional funds, if required, for the payment of 3 per oent notes to the
United States, and thereafter only for betterments and additions,
$3,000,000; reserved to be delivered for Improvements and additions
at not exceeding $200,000 yearly, $5,000,000.
Bonds—First refunding M. gold 4b, $100,000,000, secured by all
the railroads, terminals and equipment now owned, including about
1,349 miles of first track, eto. Of the authorized Issue, $23,526,000 Is
held by the United States as collateral for 3 per oent notes. See Abstract. V. 69. D. 808. and V. 70, p. 739; V. 78, p. 223.
Thirty-year gold 3^8, $25,000,000, secured by a second lien
upon all the properties covered by the 1st ref mortgage, and also by
deposit with tne Trustees as acquired of all securities and moneys held
In any sinking fund of the Central Paoiflo By., consisting July 1, 1904.
of $8,933,224 in securities and $134 cash, and by a trust deed
upon all the lands covered by the mortgage dated Oct. 1, 1870.
See Mortgage Abstract, V. 69, p. 858; also see p. 851. From the proceeds of these sinking funds and land sales cancellation of bonds will
be made from time to time; In February, 1900, $2,505,000 Z^% were
oanceled, and to Apr., 1905, $3,898,500 additional had been oanceled
reducing those outstanding to $17,493,C 00. V.70, p. 739; V.70,p. 1194.
Twenty threeper-cent notes, aggregating $58,812,714, issued to
the Government in settlement of subsidy debt; $35,287,626 paid, leaving $23,525,088 to mature, $2,940,635 half-yearly thereafter to Feb.,
1909. First refunding 4s are deposited to retire them when due.
In Oct.. 1904. $8,300,000 fifty-year 4 p. o. guaranteed bonds on Ihe
Lucin cut-off, Ogden to Lucln, Utah, 10^ miles, forming part of $10,000,000 authorized, was sold. They are redeemable at 0? *t on Oct. 1,
1909, or any intenst day thereafter. V. 79, p. 1641. Form of
guaranty, V. 80, p. 162.
Land Grant.—Total land grant was about 12,000,000 acres, of which
about 7,706,797 acres remained unsold on June 30, 1904. Sales In
1902-3, 4,470 acres; cancellations, 15,609 acres. Land contracta
July 1, 1904— prlnoipal, $710,799; average price per acre, $4-42.
Earnings.— For 6 mos. ei ding Pec. 31, 1904, gross, including other
inoome. $12,477,123; net $5,813,918; charges, $3,012,260; bal., sur.,
$2,801,668.
Report— In 1903-04, gross, $22,444,213; net, $8,518,645; other
Inoome, $886,228; Int.. taxes, sinking fuDds, etc, $5,914,751; bal.,
BUT., $3,490,122.-(V. 80, p. 162, 471, 649, 871).
Central
of
Jersey.— (See Map Phila. <6 Reading Ry.)—
Operates from Jersey City, opposite New York City, westerly to
Wllkesbarre anc* Scranton, Pa., and the neighboring anthracite ooal
fields
also southerly to the seashore resortsof New Jersey, etc:
Lines owned in fee.
Miles. Lehigh & Susquehanna, PhilJersey City to Philllpsburg
72
lipsburg to Union Juno. etc 171
Sundry branches
82 Wllkesbarre & Soranton IT
5
Entire stock owned.
Other lines
9
New York & Long Branch BE.,
Allentown Term. (oper. Jointly) 3
)
New
:
,
Perth Amboy to Bay Head..
New Jersey South'n BB., Long
38
. .
Trackage—
Union Coal
BB
10
Br anoh to Atslon, eto
76 Lehigh & New England
2
141 Tresckow Branch
Other lines (no debt)
5
Leased (mostly for 999 yrs .) Miles.
Ogden Mine BR. IT
10 H See this company.
Nesquehonlng Valley fl
17
Total operated April, 1905. .641
There are 263 miles of second and 30 miles of four tracks.
History.— Chartered In 1849. From May, 1883, to Jan. 1, 1887,
leased to Philadelphia & Reading. Becelvers were In possession from
Jan. 1, 1887, till January, 1888. Reorganized in 1887 without fore
slosure— see plan V. 44, p. 714. 716. Concerning coal properties, see
Lehigh A Wllkesbarre In Sopp. of Jan., 1903 (p. 159), and Lehigh Coal
ANav. In " Miscellaneous." In Jan., 1901, Beading By. acquired
$14,500,000 of the stock. V. 72, p. 86, 136,241, 391, 721.
Drv.— J '91. '92 to *94. '95. '96. '97.'98. '99. '00. '01. 1902 to Aug, '05.
c
7 yearly. 5^ 5 4*4 4 4
5
5
8 yearly (Q.-F.)
Bonds.— For general mort. abstract see V. 45, p. 402.
The L. & W. Coal mortgage Is for $15,000,000; the bonds, formerly
7b., of which $12,175,000 have been Issued, were In 1900 extended at
4 * p. c and guaranteed, prtn. and Int. See guaranty, V. 71, p. 26.
1
I
6»«
g-
A.
J.
g
A.
-
l
g
5
&
Dividend.
Paciflo Company.
Pacific Company.
N. Y.. 120 Broadway,
do
do
New York.
Aug.
Aug.
1949
1929
Oct.
1954
Aug'05Fb.'09
1,
1,
1,
N.Y.Off., 143 LibertySt. Aug.l, '05, 2%
N. Y., Liberty Nat. Bk. May 1, 1908
do
do
do
do
do
do
July 1, 1987
1906 to 1912
1906 to 1913
do
do
do
do
do
do
do
do
Nat. Exoh. Bank.
June
1,
1,
1,
8ept. 1,
July 1,
1,
July 1,
Nov.
July
1910
1912
1921
1941
1920
1943
1921
N. Y.,
Phil .Fid.I.Tr.&S.D.Co. May
N. Y., Cuyler, M.
Co.
by Grand Trunk By. of Canada.
Bos., Am. L. & T. Co.
May l, 1920
do
do
Oot. 1, 1950
&
N.Y., Standard Tr. Co. July
N. Y., Central Tr. Bank. Oot.
If earned.
N. Y. Cent. Tr. Co.
O. R'dT.&S.D.Oo.,Rd,Va.
with Le high Co al
&
Oct.
Apr.
Oot.
1,
1,
1,
1.
1,
1953
1946
1946
1947
1932
Navigation Co.
Government
Jointly and severally with the Lehigh Coal & Nav. Co guarantees $1,062,000 Leh.&Hud. Rlv. Ry. Gen. 5s, prin. and bat. See V. 67, p. 788.
Earnings.—For 11 mos. ending May. 31:
11 mos.
Gross.
Bal., sur.
Net.
Charges.
$20,673,526 $9,836,862 $6,773,351 $3,063,511
1903-4
8.734.P37
19,^95,680
5,807,829 2,927,008
Charges in 1904-5 include $1,488,391 for additions and improvements, against $611,560 the previous year.
Annual keport. -The report for 1903-04 was In V. 79,
1326.
Earnings from—
1904.
1903.
1902.
Merchandise
$6,960,722
$6,868,077
$5,949,186
Ooal
7,741,409
6,054,769
5,717,062
Passengers
3,280,877
3,045,331
2,686,517
Express and mall
336,287
303,776
292,665
Miscellaneous
102,657
85,203
94.807
Total gross earns, rail lines $ 18,42 1 ,952 $16,357,156 $14,740,237
Net earnings
$8,576,373
$6,342,345
$6,498,393
Other inoome
1,497,265
1,507,794
1,965,92 9
Total net income
$10,073,638
$7,850,139
$8,464,322
Interest on debt
2,843,308
$2,866,490
$2,717,186
Rentals paid
2,406,994
2,456,148
2,231,326
Taxes
473,951
415,887
415,687
Renewal f ands, eto
1,665,146
440,000
Dividends
(8)2,193,464 ( 8)2,193,264( 7 14)1. 985,648
Balance, surplus
sur. $467,594
def.58,468 sur.$674,475
Dlreotors,May,1901,V.72,p.987; (V.79,p. 1641, 2642.)
Central RR. of Pennsylvania.—Owns Bellefonte (Penn. RR.)
to Mill Hall, Pa. (Penn. Dlv. of N. Y. C. & H. RR.) 27 miles;
branoh, 5 miles Current liabilities June 30, 1904 $526,432. For year
1903-4, gross, $82,672; net, $17,393; charges, $60,966; deficit,
$43,573. Stook, $1,200,000; par, $50.
Central RR. of South Carolina.— Owns from Lane, S. O, to
Sumter, S. O, 40'2 miles, spurs, etc., 1*61 m.; total, 41 '81 m. Leased
to the Atlantic Coast Line RR.; rental, $31,000 yearly and taxes.
Stook, $170,000, par $50. In 1903-4 rental received, $31,000; general expenses, $269; interest, $18,000; divs. (7*20 p. c), $12,240; bal.,
1904 5
organization.—Incorporated In Utah in July, 1899, as successor of
the railroad under the plan of readjustment in V. 68, p. 378, by whioh
the Southern Paciflo acquired the entire oapital stock and guaranteed the principal and interest of the new bond Issues.
Stock— (1) Common stock, $67,275,500, all heldby 8o. Pao. Co.
RR,
g
& J.
& O.
Oct.
A. & O.
800,000
2,720,000
2,380,000
600,000
70,000
On coupon bonds J&J; on
Lines owned
P.
$67,275,500 Held by South'n
13.000,000 Held by South'n
a76,351,000
4g. F. & A.
17,493.000
3*3 g. J. & D.
8.300,000
A. & O.
23,525.086
27,425,800 8 in 1904 Q.— F.
40,000
M. & N.
6
b45,091,000
II
2,430,000
Various
4
Various
2,800,000
1903 1000&0.
1896
1,000
1896
1,000
1897
1,000
1902
1,000
Whom.
Payable
Cent.
1875
1,000 12,175,000
Q.-M.
1888 1,000
2,691,000
M. & N.
5
1881
1,000
4,987,000
5
J. & J.
1891
1,000
1,745,000 4&5 g. M. & 8.
1890
1.000 c 1,062,000
g J. & J.
1893 500 &o.
600,000
i
M. & N.
1881
1,000
300,000
6g. J. & J.
100
3,000,000 $2,185,1 00 held
1899 1000&0. 11,000,000
4g. Q.— F.
1900 100 Ac.
200,000
4g- A. & O.
a Balance, $23.5 5,000 retained
b
Bonds—PrinciINTEREST OB DIVIDENDS.
pal, When Due.
Bate per When Where Payable, and by Slocks— Last
.'
—
sur.,
$491.— (V. 64,
p. 887.)
Central Ry. of New Rrnns wick.—See New Bruns. Coal & Ry.
Central Vermont Ry.—Operates from Rouse's Point, at north end
to New London, Conn., with branches 531 miles In
218 miles leased, viz.: New London & Northern (see that
m Montvllle Br., 3; Montreal <fe Province Line Ry., 40.
Organization.—Sucoeeded May 1, 1899, per amended plan In V. 67,
p. 735, the Central Vermont Railroad, foreclosed. V. 68, p. 1076.
Securities, Etc.— The Grand Trunk Ry. holds $2,185,100 of
the $3,000,000 stock, and under a traffic oontraot 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 trafflo interchanged. Montreal A
Province Line Ry. bonds, see above. V. 71, p. 390, 697.
Report.— For year ending June 30, 1904, In V. 80, p. 468, showed
of
Lake Champlain.
all of whioh
co.), 157
;
Tear.
Gross.
Net.
Olh. inc.
Charges.
Bal., sur.
$667,787
$2,646
$659,593
$10,840
10,840
667,787
3,562,
660,509
Officers.— President, Charles M. Hays Clerk ana Treasurer, W. H.
Chaffee, St. Albans, Vt.-(V. 79, p. 1641; V. 80, p. 468.
Charleston A Savannah Ry.—See Atlantic Coast Line RR.
Charleston Terminal Co.— Road.—Owned terminal road In
Charleston, S. C, 3 miles; double track laid with 60 pound steel.
Company also owned 14 wharves, 30 warehouses, about 30 acres of
land, 4 cotton compresses, etc, on the city's water front, these being
oonneoted by Its own road with the other railroads entering the oity.
A reorganization of the East Shore Terminal Co.'s RR., foreclosed
July 14, 1903; V. 77,p. 146, 298. Stock, $200,000, owned Jointly by
Atlantic Coast Line RR. and Southern By. Of the bonds, $200,000
1903-4
1902-3
$3,524,291
3,636,382
;
are reserved lor future purposes. President, Wm. E linger; Treasurer, B. D. Lankford; Secretary, Henry Fraser. (V. 77, p. 298.)
Earnings.—Gross earnings from July 16, 1903, to June 30, 1904,
total dedeotions $42,129; bal., sur., $8,716.—
$132,488; net. $50,84
(V. 76, p. 1300; V. 77, p. 146.)
Western Carolina Ry.—Port Boyal, S. C, to
Charleston
Augusta, ua., 112 m., and Spartanb'g, Greenville aud Anderson, 227
traohage, 3 m.; total, 342 miles. A consolidation Oot. 3, 1896, after
foreclosure sale. Entire stooh and large portion of income bonds were
acquired by Atlantio Coast Un* In Dec, 1897. V. 66, p. 38, 335.
Stock.— $1,200,000; par, $100. A full statement as to Augusta
Terminal By Co. and its bonds was in V. 66, p. 383.
Earnings.— For year ending June 30, 1904, gross, $1,157,397; net,
$251,159; other inoome. $14,402; total deductions, $216,068; surplus,
$49,493 President, J. B. Cleveland, Spartanburg, 8. O; Secretary, R.
( V.
D. Cronly, Baltimore,
73, p. 1207.)
MoBee, 8. C, on SeaCharlotte IVIonroe A Columbia
board Air line to Jefferson, 22 miles; extension to Jefferson, 11 miles,
was completed Oct., 1903. Stock, $48,000. In 1902 filed above mortgage to the Blohmond Trust & Safe Deposit Co., as trustee. V. 75,
For year ending Jan. 31,1901 (11 miles), gross, $18,094;
p. 1030.
;
&
m
Md—
RR.—
;
JL'LY, 1905.
J
RAILWAY STOCKS AND BONDS.
313
.
.
RAILWAY STOCKS AND BONDS.
314
RAILROADS.
Date
Miles
Size, or
Amount
Par Outstanding
For explanation of column headings, Ac, see notes
of
of
on first page of tables.
Road. Bonds Value.
$50
Ohartiers— Stock
1st mortgage, $625,000, gold
Chat.
<*
Lake Placid— Sar.
& L. PL, 1st M.,
2d mortgage. $24,000, Ce
Chattahoochee Valley -li*tM., $110,000 ... A
Chesapeake Beach— 1st M., $1,000,000, gold.N..c*
Chesapeake & Ohio— S tk.(transf r agt.J.P.M.&Co.)
B
Mortgage
6s, gold, ser.
"A AB'.Ce
c* 5
1901
1893
1896
1900
1898
23
10
10
10
34
o*
g.Ce.o*
1,000
1,000
500
1,000
1,000
100
428
1878
1,000
1881
1,000
1882 500 Ac
1889
1,000
1890
1,000
1890
1,000
1890
1,000
1890
1,000
1892
1,000
500 &c.
letmort.,of 1911, Penin. Ext., gold ...
c" ( 75
Ter*) 1st m.,1922, covering 8 m., to Phoebus.g.o*
8
1st consol. mort. for $30,000,000, gold ..Ce.c\fer
664
241
Rich. AAllDiv. lstoon.M.,g. See text... Oe.o"
2d oons. M.,Rich. via. Lynehb. to Clifton F.Ce 241
26
Craig Valley branch 1st mortgage, gold
Ce.c*
25
Warm Springs Branch 1st mortgage, gold. .Ce.c*
General mort. (for $70,000,000, etc.) gold.. Ce.c* 1,174
Klneon Coal mort., assumed, red. beg. Oct., 1905
"l8
Greenb.ANewBlv.RR.l8tM.,g.,ass.(V.75,p.562)
Greenbrier Ry. 1st M., $3,000,000, e.., ass.f'ol.o*
98
Collateral notes (Ches. A Ohio), gold (see text).
Car contracts, payable monthly on 4,700 oars..
Car trusts on 25 loco, and 1,000 cars, pay. ann'ly
Oar trusts, ser. B, g., $200,000 due y'rly..GP.o*
Car trusts, ser. C, g., $50,000, due semi-annually.
Car trusts, ser. D, gol<i, $200,000 due yearly ...
Car trusts, ser. E, g., $50,000 due semi-ann
Car trusts, ser. F, gold. $90,000 due semi-ann . .
Car trusts, ser G, gold, part due semi-ann
1900
1904
99'02
1901
1902
190.'
1,000
1,000
5,000
1,000
1,000
1903
1903
1905
1903
Bonds—PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and bv Slocks— Last
1888
1888
1893
AO.;
O.
& O.
M. deb. red. at par, gu., p. & i
called yearly at par.
are
ff Series "A"
88. 1st
a £10,000
net over interest, $9,172; dividends (15
Ernest Williams.— (V. 75, p. 1030.)
A
p. c), $7,200.
-
*100
a*40,000
'B" ($1 3,354), M.
Chartier* Ry.—Ownsfrom Carnegie, Pa., to Washington, Pa., 23 m.,
Leased till 1971 to the Pittsburg Cincinnati & St. Louia (now Pittsburg Cincinnati Chicago & St. Louis); the rental is net earnings.
Capital stook, $645,300 (par $50); Pennsylvania Co. owns $333,850
Dividends— >
'92. '93. '94. '95. '96. '97. '98. '99-'02.
10 10 8
9 10 10 7 y'rly.
'03. '04.
1905.
8 Apr. 5
8
Earnings.— For year ending Dec. 31, 1904, gross, $703,853; net,
$226,666; other income, $10,657; int. and other charges $3^,326; improvements, $12,149; dividends. $51,624; bal., sur., $135,224. In
1903, gross, $703,853; net, $135,715,— (V. 73, p. 615; V. 80, p. 1234
Since '91 (p.c.)5 8
Chateangay
& Lake
Placid Ry.
(
*ee
map Del.
<6
Hudson).—
Operates from Plattsburg, N. Y., to Lake Placid, 80 miles, of which
Plattsburg to Dannemora, 16 miles, is leased from State of New York
for one dollar and free transportation of freight to the State's Prison
at Dannemora, and balance owned.
Standard-gauged in 1903 04. V.
78, p. 985. A consolidation in July, 1903, of the O-hateaupav Ry., the
Chateauuay RR. and the Saranac A Lake Plaoid RR.; V. 77, p. 249.
Stook, $2,450,000, of which $2,000,000 is 4 p. c. iref., the latter all
owned by D. & H. V. 79, p. 2696. Leased to the Delaware A Hudson for 500 years from Jan. 1, 1903, any balance over expenses of operation, interest, taxes, maintenance, damages, dlv. on pref. stook, etc.,
to go to the lessor. The lease is subleot to revision after 5 years on request of either party. (V. 79, p. 2696; V. 80, p. 1362.)
Chatham & Lebanon Valley RR.— See Rutland RR.
Chattahoochee dc Gnlf RR.— Columbia. Ala., to Floralia, 92
miles.
V. 71.
806; V. 75, p. 848, 1146.
in 1900 in perpetuity to Cent, of Georgia Ry. for 6 per
cent on $436,400 stock and $378,000 bonds, of which 1 p. c. to be used
as a sinking fund for retirement of bonds, upon completion of whloh
rental will be 5 p. o. on stock, payable J.- J. See Central of Ga. Ry.—
(V. 75, p. 848, 1146, 1301; V. 77, p. 195, 2279.)
Chattahoochee Valley
West Point, Ga., to Jester, Ala.,
16J« miles. Stock authorized, $1,000,000; outstanding, $110,000; par
of shares, $100. Bonds, see table above. For year ending June 30,
1904. gross, $34,605; net, $13,710; oharges, $6,796; divMends(8 p. c),
$8,800; bal., def., $1,886.
Chattanooga Southern
Owns road, oompleted 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 Chattanooga Southern Ry., sold in foreclosure Feb. 14, 1895 plan in V. 61,
p. 830, but rn October, 1904, the new bonds had not been issued.
The new lsts were to be $5,000 per mile on present mileage and $10,000 on extensions; and the income mort. 5s, $750,000. V. 63, p. 401.
Stock, $3,000,0i 0, of which $750,000 preferred; par, $100.
Earnings.— 12 mos.. > 1904 5
Gross, $120.*31; net, $5,396
July 1 to June 30. {1903-4.
Gross, 111,253; op.d-f.5. 333
Sec, E.C. Osborn, 31 Nassau St., N. Y.— (V. 63, p. 823.)
Chesapeake Beach Kail way.—Washington, D. C. to Chesapeake Beach, Md., 34 miles. In July, 190.S, Dav d H. Moffat obtained
Judgment on a promissory note for $1,222,800. Foreclosure suit begun;
Interest alleged in default since 1901. V. 81, p 263. Stock, $1,000,000; par, $100. Pres, Syl. T. Smith; Seo Panl Y. Waters. Office, 1416
New ¥ork Ave.. Wash.. D. C. (V.81, p. 263.)
p.
Lease.—Leased
RR.—
RR.—
;
;
;
,
& Ohio Ry.— (See Map.)—Operates from Newport
Va., and Washington, D. O, to Cincinnati, Ohio, with branches
Lines owned in fee
Miles.
Old Point Comfort and NewBridge—Covington, Ky., to
port News via CharlottesCincinnati. Ohio
2
ville to Ashland, Ky
512 Garrison to Carter, Ky
20
Richmond via Lynohburg to
Lines leased
Clifton Forge, Va
230 Sundry branches leased
41
Branches in Va. and W. Va.
340 Trackage to Louisville
84
Lines controlled by stock, etc
Trackage to Washington, D.O.
85
Big Sandy River to CovingOther trackage
31
Chesapeake
News
—
—
.
—
ton, Ky
150
Denton, Ky., to Lexington.. 103
Total system June 30, 1904.1,671
Branches in Kentucky
74 Second track.
178
Also owns one-sixth interest in the Richmond-Washington Co. Extension from Whitehouse, Ky., to Elhhorn City, 77 miles was to be
oompleted July, 1905.
^History, Ac— In 1888 reorganized without (foreclosure, and the road
extended to Cincinnati. The consolidation with the Rlohnond & Alleghany was consummated in Jan., 1890; with Elizabetbtown Lex. A Bis:
Bandv, etc, In 1892, and with Greenbrier and other roads in 1903.
Capital stock.— Common stook authorized, "unlimited;" outstanding, *62,790,400; increased from $40,000,000 to this figure since 1892
through exchange of praotloally all the $25,000,000 of preferred stocks
for common stock and general mortgage 4*« peroents in oertain proportions and acquisition of stocks of other companies. V. 77, p. 450,
768 Pref. stocks for $J,000 only was outstanding Aug 31, 1904. V.
64, p. 642. Stock may be reduoed by majority vote.
V. 70, p 175.
dividends.— 1899 to 1904, both inclusive, 1 p. 0. yearly, Nov. 30.
Bonds.— Abstract of oonsol. 'mortgage of 1939 In V. 49, p. 147; of
Richmond & Allegheny mortgages in V. 51, p. 144.
The general mortgage of 1892 (Central Trust Co. and H. T. Wlokham
M.
M.
&
&
&
A
&
&
&
Dividend.
O. Co.'s offloe, Pittsb'g.Pa. Apr. 1, '05, 5%
O.
do
do
Oot. 1, 1931
N. N. Y., 21 Cortlandt St. Nov. 1. 1913
N.
do
do
Nov. 1, 1913
J.
J. Am. L. & T. Co.. Boston. July 15, 1920
J.
In default
J.
July 1, 1923
Yearly. N.Y..J. P. Morgan & Co- Nov.30,'04,1%
ir
&
J. A
M. A
J. A
A
&
M. &
M. A
A. &
P. &
M. A
A.
A.
&
&
&
M. &
F. A
J. &
A. &
A. A
A. &
Oct.
5g. J. &
830,000
450,500
President,
A.
A.
-
-
1,000
1,000
Whom.
Payable
Cent.
$645,300 See text.
625,000
3>a g.
120,000 5 (6) g.
24,000
5
5
ro
1,000,000
5 g.
62,799,400 1 in 1904
2,013,354
f g
2,000,000
£ g
142,000
6g.
25,858,000
5 g
6,000,000
1,000,000
4g.
650,000
5g.
400.000
5 g.
39,573,000
4iflg.
200,000
5g.
339,000
5 g.
2,000,000
4,000,000
5 g.
540,110
600,000
1,400,000
750,000
1,600,000
850,000
1,800,000
1,800,000
GUARANTEED BONDS.
Elevator Co. 1st M.,gold,p. Ai. guar
Ce.c"
2d mortgage, for $500,000, inoome, non-cum.o*
[Vol. lxxxi.
F.
F.
•
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1908
1911
D.
June
1923
N.
May
1939
J.
Jan.
1989
J.
Jan.
1989
J.
July
1940
8.
Moh. 1, 1941
8.
Mch. 1, 1992
O. Cen.Tr.&8.Dep.,Cin.,0. Oct. 1, 1915
A.
Riohmond.
Aug. 1, 1942
N. N.Y., J. P.Morgan & Co. Nov. 1, 1940
do
O.
do
Apr. 4, 1906
To May, 1907
O.
A.
A
S
A
D
O
O
1,
1,
1,
1,
1,
1,
1,
Aug., 1906-11
Girard Trust Co.. Phila. Aug.15,'06'12
N.
Y, Blair & Co.
do
do
do
do
do
do
8ep.'05-8ep'12
Aug.
1,
1913
J'ne.'OS-Do. 13
Oot'05-Apr'15
Fidelity Tr. Co., Phila. Ap.'06-Ap. '15
O. N.Y., J.
1.
J.
July
Jan.
P.Morgan & Co.
do
do
London.
Oct.
Oct.
Jan.
1,
1,
1,
1938
1988
1909
N.
but additional amounts at $25,000 per mile
be issued for double-traoking. Of the $70,000,000 as above,
$32,691,000 bonds were reserved to provide for the $30,000,000 oonsols of 1889, issued or to be issued, etc The balance unissued may be
sold for new acquisitions, rolling stook, etc, but not more than
$2,000,000 thereof in any one year. The mortgage covers the entire
Sroperty of the company, real and personal, at the time the
mileage
eed was made, and all additional property and
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 July, 1905,
$39,573,000 had been listed on New York Stock Exchange. V. 76, p.
trustees) is for $70,000,000,
may
381; V. 77, p. 710. 1532; V.78. p. 701, 988. 1108; V.80,p.l423.
The Louisville <£ Jeffersonville Bridge bonds, of which $3,000,000
are outstanding, are guaranteed jointly and severally by the Chesapeake A Ohio andCleveland Cincinnati Chicago A St. Louis; any defloit
on account of the bridge is payable by them in the proportion of onethird and two-thirds respectively— see V. 60, p. 130; V. 61, p. 327,
559; V. 62, p. 84 and separate statement for L. A J. Bridye Co.
Of the Greenbrier Ry. 4s of 1900, guaranteed prinoipal and interest,
and assumed in 1903-4, $1,000,000 are reserved for extensions and
improvements. See guaranty, V. 72, p. 626; see also V. 71, p. 554, 602;
V. 79, p. 915. Of the Big Sandy 4s of 1903, $1,000,000 is reserved
for future extensions and improvements. V. 79, p. 917.
Of the Ooxl Rive>- 4s of 1W5 $600,000 has been issued oa the 22
miles from St. Albans to 'oily, W.Va., and $900,0 JO additional bonds
will be is-med for 45 miles under construction; the remaining $1,500,000 is reserved for ext*ns'ons and Improvement?. V. 80 p. 2219.
The car trusts, series B, cover equipment costing $2,343,120, including 25 locomotives, 1.000 steel gondolas, 300 wooden box cars, 400
wooden gondolas, etc; series C, 1,000 gondolas; series D. 50 looomotives and 1,000 gondolas; series E, 1 ,000 F. B steel gondolas; ser.
F G. each, 18 locomotives and 1,500 steel cars. V. 75, p. 239, 393;
V. 79, p. 916; V. 80, p. 1423,2219.
*
Finances —Pennsylvania
interests,
with Morgan-Vanderbllt inter-
own a majority
of the stock. V. 70, p. 75, 632; V. 72, p. 480.
On June 30, 1904, the N. Y. Cent. A Hud. Riv. and Clev. Cin. Chic A
St. Louis owned stook representing outlays respectively of $1,638,455
and $2,453,569. V. 71. p. 398, 5«»5. On Jan. 1, 1905, the Pennsylests,
vania RR. proper owned $10,130,000, the Pennsylvania Company,
$4,000,000 and the Northern Central $1. 500,000 of the stock.
As to purohase of one-sixth interest in majority Hooking Valley
common
stock, see that company. V. 77, p. 1225.
In 1904, $«,000,000 of two-year 5 p. 0. collateral gold notes ($5,000
each) due April 4, 1906, were sold, aeoared chiefly by Big Sandy Ry
guaranteed bonds. V. 78, p. 1391; V. 79, p. 917.
The O. <fe O. 88. Co line was formally opened Sept. 7, 1893, and owns
six steamers, using the railroad wharves at Newport News.
EARNINGS.— 11 mos., ,1904 5.. Gross, $18,877,815; net, $6,760,308
July 1 to May 31. \ 1903 4 .Gross. 17,559,809; net, 5.S06.995
Foii 7 mos. ending Jan. 31, 1905. net, $4,148,218; fixed charges
(net), $2,675,654; bal., sur. $1,472,534.
Annual Report.— Fiscal year ends June 30. Annual meeting Is
held at Richmond on the Tuesday preoeding the laBt Tuesday in
Ootober. Report for 190304 was given in full in V. 79, p. 900, 915,
and showed the following. See also editorial p. 880.
Traffic— Of the total tonnage (11,550,017) in the year 1903-04, coal
and coke furnished 6,434,310 tons, or 56 per cent of the whole;
products of agriculture furnished 8 per cent. Average rate received
on seaboard coal, 337 mills per ton per mile; on all freight, 470 mills.
1902.
1903
1904.
Tear ending June 30—
1,636
1,641
Miles operated
1,671
$2,954,919
$3,474,905
Passenger earnings
$3,648,233
12,833,806
14.869,188
12,510,006
Freight
726.691
735,653
780.105
Express, mall and mlsoel.
$16,524,378
$16,711,602
Total earnings
$19,297,526
11,499.837
10,822,335
Oper. expenses and taxes 13.298,040
$5,702,043
Netearnings
$6,211,765
$5,999 486
190,374
136,431
169,272
5,402,139
$5,838,474
Total and net income. $6,168,758
$4,132,534
Interest on bonds, Ao
$4,674,245
$3,778,066
591,012
861,366
1,440,814
Extraordinary expenses.
(1)605,299
(1)627,904
Dividends
( 1%)605,291
$73,294
Balance, surplus
$5,243
$14,303
Officers.— President, George W. Stevens, Richmond, Va.; VioeTreasurer, C. E Potts,
Presldent, Decatur Axtell, Richmond, Va
Richmond, Va.; 8eoretary. C. E. Wollford, Riohmond, Va.; Comptroller, L. F. Sullivan, Riohmond, Va.
Decatur Artell, John P. Green, S. M. Prevost, George W. Stevens
Directors
ChHancey M. Depew. William H. Newman, Samuel Rea, H. MoK. TwomblT
H. T. Wickham.
-(V. 79, p 211, 900, 915, 2147; V. 80, p. 1423, 2219.)
Other inoome
;
—
Chesapeake Western Ry.— Owns North River Gap, Va„ to
Bridgewater, 14 miles; opened May 1, 1902; leanes for 99 years Chesapeake & Western RR., Bridgewater to Elkton, 27 miles; total, 41
miles. Projected to tidewater on Chesapeake Bay, and westerly into
the West Virginia coal fields, of whloh 14 miles from Bridgewater to
North River Gap is completed. Controlled by Chesapeake Western
Co. V. 75, p. 1353; V. 78, p. 2383.
Stock authorized, $50,000,000; outstanding, $1,419,600, of which
$608,400 Is preferred. Ches. A West. RR. has $533,500 common and
July,
1905.]
RAILWAY STOCKS AND BONDS.
315
—
RAILWAY STOCKS AND BONDS.
316
RAILROADS.
column headings,
on first page of tables.
For explanation of
<fee.,
Miles
of
see notes
Lo.AJefl.Bdg.l8tM.,$5,000,000,gu.p.Ai.,end.1T.*o
Norf. Ter. & Trans. 1st
(V. 67, p. 322t gu. p.&i.
Passenger & Belt Ry. (Lex., Ky.), 1st mort., gold
4
Big Sandy Ry. IstM., $5,000,000, gold..,
77
Coal River 1st M., $3 000,000. g, Ce
22
Chesapeake Western— O. A W. RR. 1st M., gold..N
27
41
Ches. West. Ry. mortgage, $1,435,000, gold...©*
Chestnut Bill RR Stock, rental P. & R. Ry
4
Chic.
Alton Ry.— Com. stock, $20,000,000
58
58
Pref. stock, 4 per cent,non-cnm., $20,000,000...
First lienM.,$22,000,000,g,sub.call atpar.F.c&r
58
All
Ch. & Alton RR. refund'g M., g. See text.IC!.c*<fcr
Coll. notes, $5,000,000, g., red. par, 1904 Me.r
Joint equip, notes ($9,500 due s.-an.) (V.76, p.47)
o*
Miss. Rlv. Br., 1st M., g., ass'd, s. f., dr'n at 100.
Kansas City St. L. A C. pref. stock, guaranteed.. 162
37
Joliet & Chic, 7 p.o. stock, perpefc.euar. by C. AA.
101
Louisiana & Mo., guaranteed preferred stook
Chicago Burlington & Quincy— 8tock,7 p.o. rental
Illinois Div. 1st mort., ) $85,000,000, our., red
1,642
105.
do
do
*
Sink, fund, Iowa Div., 5s, (ool. tr.) drawn at 105..
901
Sink, fund mortgage 4s, drawn at 100
c<kr
o*&r
Sink, fund 4s (So. W. Div.) drawn at 100
c*
415
Denv. exten. (coll. tr.i b'ds, s.f dr'n at 100.
Debentures for Han. & St. Joseph stock
o*
Nebr"ska ext. $20,000 p. m. (s. f ., not dr'n) N Bo*<fer 1,472
B.AMo.RR. in Neb. 5 L'd gr., 8. f., dr. at 100. N B ) 585
Con.M$14000000 I Exempt, not dr'n till 1908 S
Burl. & Mo. RR. in Neb. s. f for At. &N.RR. stk. N
b, $612,000, and c, $4,820,000 canceled not in olud.
e. $6,582,400. *Additional bonds owned by ra ilway
M
—
&
NB
NB
.
.
,
,
B
.
INTEREST OR DIVIDENDS.
Size, or
of
Par
Amount
When
Outstanding Rate per Payable Where Payable, and by
Cent.
Road. Bonds Value.
Whom.
& Ohio— Guaranteed Bonds— (Com.) —
Ches.
Date
[Vol. lxxxi.
$3,500,000
*g- M. & S.
500,000
P. & A
5
150,000
5 g. J. & J.
1904
See text.
4?. J. & D
1905
600,000
4 g J. A D.
1896
666.000
5g. P. A A.
1901
1,419,000
4 g. A. & O.
50
195,650
Q.-M.
6
100 19,542,800
100 19,544,000 4 in 1905 J. & J.
1900 1,000 Ac 22,000,000
3iflg. J. A J.
1899 1,000 Ac •37,350,000
3 g. A. & O.
1903
5,000.000
5,000
4 g J. & J.
1,000
133,000
4
J.16&D.
1877
1,000
246,000
6g. A. & O.
100
Q.-F.
1,750,000
6
100
1,500,000
Q.-J.
7
100
329,000
F. A A.
7
100 110,839,100
7
Q.-J.
3i«
S 1899 1,000 Ac
50,835,000
J. & J.
l.OOO&c 34,165,000
4
J. & J
U899
1,000 b2,388.000
5
A. & O.
J 1879
*1879 1,000 c7.882.000
A. A O.
4
1881
1,000 d4,300.000
M. & 8.
4
1881 100 Ac e7,968,0O0
F. & A.
4
1883
1,000
9,000,000
M. & N.
5
1887 l.OOO&c f25,344,000
M. & N.
4
6
J. A J.
J1878 600 &o. g8, 6 15,000
J. & J.
6
U878 600 Ac. 5,000,000
1880
h3347,000
1,000
4
J. & J.
d,$l. 803,000 e, $3,235,3 00. f, $6 37,0 K)
—see b elow.
tTGuar lot ly and se verally
1895
1898
$1,000
1,000
1,000
1,000
1,000
500 &o.
1,000
11
N.Y., J.P.
Bonds— Prlnolpal,When Due.
Stocks— Last
Dividend.
Morgan A Co. Mch.
do
do
do
1945
1948
1906
1943
1, 1945
1, 1945
1, 1951
June4/05,li«
do
Feb.
do
Jan.
do
June
New York.
June
N.Y.,Sec. & Trust Co. Aug.
New York.
Oot
Phila.,Treas.of.
1,
1,
1,
1,
N. Y., 120 Broadway,
July 1, '05, 2%
July 1, 1950
Oot. 1, 1949
do
July 1, 1907
N. Y., Equit. Trust Co. To June 15 '12
N. Y., 120 Broadway, Oot. 1. 1912
do
do
June 1*05, lifl
do
do
July, '05.1%%
Aug.l,'05,3i«
do
do
N. Y., Boston and Chic. Jalyl,'05, 1\
Y.,Bk.of Com.ABost July 1, 1949
N
do
do
July 1, 1949
do
do
Oot. 1, 1919
do
do
Oct. 1, 1919
do
do
Sept. 1, 1921
do
do
Feb. 1, 1922
do
do
May 1, 1913
do
do
May 1, 1927
Boston, Bk. of Com'roe. July 1, 1918
do
do
July 1, 1918
do
do
Jan. 1, 1910
(In sinking fund uncano eled) included.
with Clev. Cin. Chic. A St. L.
do
do
do
do
do
$32,900 pref. stock outstanding. C. W. Ry. mortgage of 1901 has
Bowling Green TruBt Co. of New York as trustee. V. 73, p. 899, 1356.
Year ending June 30, 1904 (41 miles), gross, $57,665; net above taxes,
$5,230. President, Robert Mc M. Gillespie; Treas., W. H. Hall. Office,
71 Broadway, N. Y-(V. 74, p. 986; V. 78, p. 2383.)
1904.
1903.
1902.
Rentals to C. A A. RR
x$3, 561,230 »$3,341,588 x$3,134,618
Interest on 3 % per cent bonds . .
770,000
770,000
Other int., discount, etc
266.733
253,338
770,000
Flood damage 1903
163,895
Chesterfield A Lancaster RH,- Owns Ruby to Cheraw, S. C,
21 miles. Extension to Plants, 15 mll^s, was pro osed. Bids were
received to May 31 for $250, OOT 30 year 5 per cent first mortgage
bondsof $1,000 each: Mercantile Trust A Deposit Co. of Baltimore,
trustee. President, W. F. Stevenson, Cheraw —(V. 80, p. 1970 )
AU charges
4 per cent preferred dividend
KB.-
Chestnut Hill
Owns from Germanrown to unestnut Mill
Pa., 4 miles; being double-tracked May, 1902. Re-leased in 1896 to
Phil a.
Reading Ry., the rental being reduced from 12 per cent to 6
per oent on stock, the latter being increased in June, 1902, from
$120,650 to $195,650 —(V 74, p. 936, 986; V. 75, p. 76.)
A
Chicago
Kansas
&
Alton
By .— (See Map)— R.OAJ)—Chicago to St.
City, etc., In all
Road Owned—
Louis,
915 miles, of which about 110 doable tracked.
Miles
Leased Lines.
Miles.
—
Barnett to Columbiana, II ... 52 Roodhouse, 111., to Kansas
Bpringfleld, 111., to Grove, 111.. 54
City, Mo
251
Leased Lints—
Bloomfngton to Wann, via
Chicago to East St. Louis, 111 280
Jacksonville
Godfrey &
Coal City Line, Ind
25
Upper Alton (aU In 111.).. ..158
D wight, 111., to Washington
Trackage to Peoria, 111., etc... 23
andLacoD.Ill
80
Mexico, Mo., to Cedar City, Mo 50
Total of all owned, leased and operated in system
973
The railroad company in Sept., 1904, purchased the Qulncy Carrollton A St. Louis Ry., Barnett to C •lunohlana, 111., 52 miles, with trackage, 6 miles, Included above Cut-off between Mexioo, Mo., and Old
Monro*, 65 miles, jointly built with Chic. Burl. & Quincy, was opened
Sept., 1904. See Bonds below.
Organization— This railway oompany was organized in April, 1900,
and purchased substantially all the stock of the Chicago & Alton
Railroad Company, viz., $18,322,400 of the $18,751,100 common and
$3,472,200 of the $3,479,500 preferred stook, all of which has been
deposited as security under the first lien mortgage of 1900; also the
line of the St. Louis Peoria A Northern between Springfield and Grove,
58 miles. The railroad, whose separate existence is maintained for
legal reasons, has been leased for 99 years from April, 1900. the rental
being the net earnings, after payment by the lessee of all interest on
bonds taxes and other charges, etc See V. 70, p. 686, 995.
Stock.—Authorized, $20,000,000 eaoh of common and 4 per oent
non-oum. preferred; Issued in amounts as shown In table above, the
unissued stock being reserved to exchange for the outstanding stock
of the railroad company not now owned.
The Rock Island Co. and the Harrlman interests in 1904 acquired
control, their stook holoings being held In a voting trust, ensuring
harmonious management. See V. 80, p. 471, and V. 78, p. 47. 342; V.
79, p. 151,1331, 1461. 2204.
DrvrDKKD8.-On pre:. Jan., 1901, to July, 1905, inol., 4% y'ly (J.&J.).
Bonds.—The first lien 3^8 of 1900 are secured by praotioally the entire capital stock of the C. A A. Railroad, as shown above, and by a
direct first lien on Springfield to Grove, 53 miles. V. 70, p. 894, 944.
8ee application to list In full in V. 71, p. 1021.
The railroad mortgage securing the 3 per cents of 1899 will
provide funds for
improvements and extensions. Bonds in
excess of $40,000,000 may be issued thereunder on vote of twothirds of the stockholders for extensions of not over 500 miles'
main track, at not exceeding $20,000 per mile, to fund leased line renttal obligations and for future betterments not to exoeed $5,000,000 at
not over $1,000,000 per annum from Jan. 1, 1900. Stockholders In
1899-00 purchased $31,988,000 of the new 3 p. o. bonds at the rate
of $650 cash for each $1,000 face value; V. 70, p. 739. See official
.
olrcular In V. 69, p. 178; also p. 26, 129, 541; V. 70. p. 429, 995.
Stockholders of Railroad Co. voted on Sept 7, 1904, to authorize the
Issue of refunding bonds in excess of the $10,000,000 then sold and
pledged, viz., $5,000,000 for betterments and $350,000 for purchase
of Quincy Carroll ton & St. Louis Ry. V. 79, p 211,967.
The 4 p. c. collateral notes of the rai'way company ($5,000,000 authorized issue) are secured by deposit of $7,000,000 railroad refunding
bonds issued for improvements. V. 77, p. 1746.
GeneralFinancb-s.— Expenditures for improvements and equipment
for 3 years ending July, 1903, were $12,943,329. V. 77, p. 1226
Latest Earn'8— 11 mos., > 1904 5. Gross, $10,880.9=5; net. S-3,574,«10
July 1 to May 3 l.
5 1903 4 Gross,
10,469,684;|net, 3,296,226
Annual Report.— Fiscal year now ends June 30 Report for year
1903-04 was In V. 79, p. 1458, 1700
1904
1903.
1902.
Miles
915
Gross earnings
Oper. expenses
915
$11,425,853 $10,07 ,092
7,524,600
6,625,196
1
920
$9,225,739
6,023,919
Net earnings
$3,901,253 $3,445,896
$3,201,820
Dlvldenas (7 p. o on Chicago
A Alton RR. stock owned.... x$l, 525,622 x$l, 525,622 x$l,525,622
Miscellaneous Income
240,651
244,449
2,517
)
Total income
$5,667,526
$5,215,967
$4,729,959
Surplus
$4,761,858
781,760
$4,364,926
781,760
$3,904,618
781,760
$123,908
..
$69,281
$43,582
.
lease of the Railroad, the Railway Company operates the line and
as rental paid in 19 3-04 interest, taxes and rentals, turning over to the
Railrr ad Company the balance of net ean lngs. tl.78",2 6. Krom this last was
paid 7 per cent (*l,5fls> ,«44) by the Railroaa on its stock. This stock is nearly
all owned by the Railway Company, which therefore treats the dividends
received thereon ($1,625,822) as "other Income.' as here shown.
x Under
its
Officers.— Chairman of Exec Com.,E. H. Harrlman; President, 8. M.
Felton; Vioe-Pres., Wm. D. Cornish; Comptroller, William Mahl; Treas.,
F V. S. Crosby; Secretary, Alex. Millar, 120 Broadway, N. Y.; Gen.
Mgr , U. A. Goodnow.
Directors— James Stillman, B H. Harrlman W. B, Leeds. W. n. Moore, D. GK
Reid. R >bert Mather New York; James 11. Moore, 8. M. Felton, James B. Forgan, John J. Mitchell. N. B. Ream, Chicago.
(V. 79, p. 1700, 2204; V. 80, p. 471, 649; 2398; V. 81, p. 30.)
—
A
Chicago Burlington Quincy Tin.— (See Map.)—Road.— Operates a great system of roads extending from Chicago westerly, reaching St. Paul and Minneapolis, Minn., St. Louis and Kansas City, Mo.,
Omaha, Neb., Denver, Col., Cheyenne, Wyo., Blaok Hills, 8. D., and Billings, Mont. The accompanying map shows dearly the system, vie:
Miles.
Miles.
I
Lines east of Missouri Rlver.4,118 Lines leased
202
Lines west of Missouri River. 4,069 Narrow-gauge lines
68
Total June 30, 1904 (less duplications 83 miles)
8,378
The stockholders voted on Nov. 4, 1903, to purohase the Iowa
A St. Louis RR., Centreville, la., to Macon, Mo., 52 miles, and projected to extend to St. Louis and to Sioux City, la., a total of 510 miles
(V. 76, p. 653), Quincy RR. Bridge (V. 75, p. 1030; V. 76, p. 1083) and
Burlington A Western (V. 76. p. 509), Winona Bridge (V. 77, p. 249),
and on Dec 22, 1904. to purchase the Jacksonville & St. Louis. V. 79,
p 2451. The cut-off between Mexico and Old Monroe, Mo., 65 miles,
built jointly with Chicago A Alton, was opened Sept.. 1904. Extension
from Centralia to Herrin, 111., 52 m., is to be completed iu fall of 1905.
Organization, Ac. This was a consolidation in July, 1375, of the
Chicago Burlington A Quincy in Illinois and the Burlington A Missouri
River in Iowa. Chloago Burlington A Northern and other subsidiary
In
lines In Illinois were absorbed in May, 1899. V. 68, p. 975.
1900 purchased the remaining leased lines In Iowa and Missouri, viz.:
Kans. C. St. Jos. A Co. Bluffs, St. L. K. A N. W., Chic Burl. A K. O.,
Han, A. St. Jos., Keokuk A West, and Chic Ft. Mad. A Des Moines,
Burl. A Missouri, etc V. 71, p. 697, 863, 963; V. 73, p. 137, 899.
In Oct., 1904, $107,661,000 of the $110,839,100 stook had been exchanged for the joint 20-year 4 p. o. bonds of the Gt. Northern and
Northern Pac secured by the deposit of the stook In trust, on the basis
of $200 In bonds for $100 stock. See circular, V. 72, p. 871, and appliI
list. V. 73, p.294. and description of bonds under Great Nor.
In June, 1902, purchased praotioally all the bonds and stook of theJackson v. A St. L". Ry., 112 miles. V. 74. p. 426, 1307; V. 75, p. 793.
For legal reasons the road Is leased to the Colo. Burl. A Quincy Railway (which see below) for 99 years from Ootober, 1901, at 7 per
cent per annum on stook. V. 73, p. 842, 1011, 1061, 1207, 1312.
Capital Stock.—The stook has been Increased for the acquisition
of new lines, retirement of over $15,000,000 convertible debentures,
etc; in 1880 a 20 p.o. distribution was made. See "Organization" above.
cation to
Drvs.— > '81-87 '88 '89 '90
4 5
Per cent. $ 8 yrly 5
'91 '92 '93 '94 *95-'97 '98 '99 to Sep., '01
5 5 4^, 4 yly. 5*0 6 yearly.
On June 15, 1901, 2 p. o. was paid for the 4 months ending July 1,
1901, when interest on the new Great Nor.-Nor. Pac collateral trust
4U
4 per cent bonds began; Sept, l^p. c;
first
quarterly dividend under
lease, 13» p. c, paid Jan. 1, 1902, dlvid. being paid Q.-J.; V. 74, p. 41.
Bonds.— For full description of each loan see the editorial article on
pages 3 to 6 of Supplement of Oct., 1896, and Chronicle V. 63. p. 775.
The mortgage of /Sag for $85,000,000 secures bonds limited to $85,000,000, and the lien securing the bonds became an absolute first
mortgage covering all lines east of the Mississippi River, upon
consolidated mortgage 4 per cent
See V. 68, p. 771; abstract,
1905. V. 79, p 2454.
V. 69. p. 283; V. 69. p. 795; V. 74. p. 1307; V. 75, p. 665; V. 78, p 1391,
1961, 2383, 2441; V. 79, p. 211; V. 80, p 2620.
The Iowa Division bonds are a first mortgage on the main line In
Iowa from Burlington to East Plattsmouth on the Mo. River, 278 miles,
and on 120 miles of branches; they are also a first collateral lien on 420
miles of branches and 86 miles or seoond track. These bonds have a
sinking fund of 1^ percent ($203,800) yearly, for whloh the 4s are
sublect to call at 100. the 5s at 105. The single main line and branohes
oovered "shall not exceed In the aggregate 900 miles," at $16,000
per mile; on second traok (of whioh June 30,1904, there were 86
miles) may be Issued an additional $14,000 per mile. V. 65, p. 462.
Denver Ext. bonds can be increased only for 2nd traok at $10,000 p.
The collateral trust Nebraska extension bonds of 1887 are Issued at
$20,000 per mile for single and $10,000 per mile for second traok on
not exceeding 1,500 miles. Abstract of deed V. 45, p. 441.
the
payment
$21,699,000
of
bonds on July
1,
m
JrLY, 1905.
RAILWAY STOCKS AND BONDS.
317
.
.
RAILKOAD8.
For explanation of column headings, Ac,
on first page of tables.
Chicago Burlington
Hannibal
&
<6
Miles
of
see notes
now
1st
M..F.0
Chic.ADid.Coal— IstM. $25,000 p.m.,a8B'd.M"p.c*
Evansv. T. Haute & Chic, Income mortgage
Indiana Block Coal, 1st mort., s, f., call at par...
g., red. 102*2. Ba.
B, due quarterly
Cartru8ts,lnol.lnt., May, '05, due $10,921 m'thly
Ser. C, due semi-ann.
do
do
Chic. £Erie— IstM., g., int. guar.tlllprin.paJd.Ce.c*
Income bonds for $10,000,000 5 p. c non-oum.N
Terminal 1st mortgage, gold
s.
289
249
61
90
145
73
180
mmmm
50
33
264
mmmm
,
107
7
15
127
772
174
49
imp't M., $55,000,000,
fs
ser.
""""
249
249
$3,000,000
6
5,000,000
7
1314,000
7
k 1,078,000
6
7
j 1,125,000
1600,000
7
1.804,000
5 g.
161,000
5 g.
750,000
5g.
600.000
5g.
2,000,000
4*3 g.
350,000
5
240,000
5 g.
8,830,700 6 in 1904
2,703,900
6
97,000
6
91,000
6
2,788,000
6g.
42,000
6g.
16,529,000
5
4,626,000
5
150,000
6
150,000
7
5,000,000
4 g.
1,243,000
5
1,026,432
4*3
1905
1,060,000
1890
1,000
12,000,000
5 g.
1890 L.000&C 10,000,000
Mostly
1888
300,000
5g.
•
held alive May, 1905, of the bonds given above as outstand'g
General Finances. —Corn being one
of the prinoipal artioles carried
greatly according to the size of the crop.
the earnings vary
In Apr., 1904, $15,492,000111. Div. 3 ^ and 4 per cent bonds were
sold. V. 78, p. 1391, 1961.
Annual Repokt.— Fiscal year ends June 30. Report for 1903-04 was
In V. 79, p. 1950, 1964 (see also editorial, p. 2057), showing operations, including results of the O. B. & N., etc.
1902-03.
190304.
1901-02.
8.324
Miles operated June 30
8,378
8,124
Freight
$44,651,997 $42,782,406 $36,072,079
14,494,573
14,136,281
12,857,267
Passenger.
6,081,622
5.719,692
Mail and miscellaneous
4,865,899
$65,228,192 $o2,638.379 $53,795,245
Gross earnings
44,578,943
40.542,473
Expenses and taxes
35,682,875
Net
$20,649,249 $22,0*5,906 $18,112,370
Dtb.204.t16
346,540 _
Other Income
340,80 5
Total income
$20,445,133 $2<i,442,446 $18,453,175
Int., rent, etc
7,630,216
9,116,338
8,370.064
Balance
$12,814,917 $13,326,108 $10,083,111
Int. on Nor. Pac-Great Nor.
Joint bonds
8,608,082
8,606,752
8,606,120
Div. on C. B. A Q. stock held by
public, 7 p.
226,667
227,818
213.602
Surplus
$3,980,168
$4,491,538
$1,263,389
Directors.— Geo. B. Harris (President). John J. Mitchell Chicago. III.:
Charles K Perkins of Burilngton, la.; J. J. Hill, James N. Hill. Geo. C. (Turk, of
St. Paul, Minn.; W. P. Clouuh, Robert Bacon, Norman B. Ream, Geo. F. Btker
and Samuel Tnorne of New Vorfc.
—(V. 79, p. 2587, 2696; V. 80, p. 471, 599, 1058, 2457. 2620.)
—
& Quincy Railway. Leases the Chic
Railroad system for 99 years from Ootober, 1901, at 7
per cent on its stock. Incorporated in Iowa on Oot. 16, 1901.— V. 73,
p. 842, 1207. See C. B. & Q. Rixlroad above and Northern Securities
Item, V. 73, p. 1357. Stook authorized, $100,000,000; in July, 1903,
not yet Issued. The Joint Income account of the Railway and Railroad
for year ending June 3o, 1904, sIiowb surplus over 7 p. o. dividends
on Railroad stook of *3,9S0.168, or about 4
on the Railway stock.
Directors.—George «. Harris, President; Charles E. Perkins, Jobn8. Kennedy,
James J. Hill, W. P. Clouuh, Georg« W. Perkins, K. H. Uarriman. M. L. Schiff,
W. H. Mclntyre, James Stlllman and Darius Miller— (V. 7.H, p. 842, 8v9, 1818.)
Chicago Burlington
A Q.
pc
Chicago Cincinnati
Sc
Louisville
BR.— (.See
Maps, pages
407, 403.)- Owns! Cincinnati to Hammond, Ind. (near CMoago),
264 miles. A consolidation June 4, 1903; V. 76, p. 1247. T"e Cln.
Ham A Dayton and Pere Marquet+e in June, 1904, acquired the
$4,206,000 stocft-, which is deposited as security for their joint collateral trust bonds, the Pero Marquette leasing the portion of the road
within the SUte of Ohio. V. 78, p. 2598, V. 79, p. 211, 2696.
Stook outstanding, $4,206,000; par of shares, $100.
The Cln. Richmond
Muncie 1st 5s, Chioago
Cincinnati, and Cin.
A Ind. West. Issues are all subject to call at 110 after 10 years from
their Issue, the Cin. Rl h.
Munoie after Oct., 1910 See offioial statement, V. 71, p. 1066; V. 74, p. 1195. The gen. and ref. 4>*8 0f 1903
(American Loan ATiust Co. of Boston and Union Trust Co. of Indianapolis, trustees,) are unconditionally guaranteed as to interest by the
Pere Marquette and Clnoln. Ham.
Dayton until Julyl, 1914; sufficient are reserved to retire all prior issues, including equipment
mortgages; balanoe for extensions, improvements, etc V. 77, p.
349, 1532; V. 80, p 649.-(V. 80, p. 649.)
&
&
A
A
Chicago
A
Eastern Illinois
BB.—Operates
road (double track
to Danville Jot., 106 miles) from Chicago, 111., to Terre Haute, Ind.,
and bituminous coal fields; also to Thebes and Joppa, 111.
An extension from the main line at Findley to Pana, 111., on the CI.
Cln. Chic AS. L., 20 miles, was operated from Aug., 1904, affording with trackage over the Big Four a through line for the 'Frisco to
Chicago. V. 75, p. 1087.
Extension to Villa Grove, 62 miles, was
completed in 1904,
Miles. Findlay, 111, to Pana
Lines owned in fee.
20
Dolton to Danville, HI
107 Branches to Coal Mines
15
Danville, 111., to Brazil, Ind.... 61 Rossville Jet. to Judyville, Ind. 14
Momence Jc,Ill.,to Brazil, Ind. 130 Hunt's Extension
7
Danville Jo., 111., to Thebes, 111.277
Trackage, etc.
Joppa Jet. to Joppa, 111
16 Chicago to Dolton, Ch.AW.Ind. 17
Clssna Jo. to Cissna Park, HI.. 11 Otter Creek Juno, to Terre
.
6
Rossville Jo. to Sldell Jc. 111.. 34
Percy Jot. to La Crosse, Ind. . 46
Total operated Dec, 1904.. ..840
MllfordJc.m.,to Freeland.Ind 11 Double traok
120
Coal Bluff, Ind., to Casey, Ind. 7 Side tracks
380
Woodland, 111., to Villa Grove. 62
H
.
History, Leases, Ac— In August, 1902, the St. L. & San Fran,
acquired the greater part of the stook, as said below. The road
forms part of a through line to New Orleans, opened in Jan 1905.
The Chioago A East. 111. owns $1,000,000 stook of Chic A Western
Indiana. Speolal lease of Chicago freight terminals, V. 78, p. 819.
In 190% the purchase was understood to bo pending of stock In the
Evansville A Terre Haute, which forms part of the through line be
tween Chioago and Evansville. (V. 55, p. 995.)
,
:
[Vol. lxxxi.
Bonds — ±tiqc»INTEREST OF DIVIDENDS.
pal,When Due.
Rate per When Where Payable, and by Stocks— Last
Cent.
Payable
Whom.
Dividend.
1881 $1,000
1877 100 <fec.
1880
1,000
1879 600 &c
100 Ac
1878
1880
1,000
1900
1,000
1903
1,000
1902
1,000
1902
1,000
1903
1,000
1902
1,000
1903
1,000
100
1877 LOO Ac
1880
1,000
1881
1,000
1884
1,000
1887
1,000
1887 1 ,000 Ac
1886
1,000
1881
1,000
1878 500 Ac
1905 l.OOOAo
1903
Burlington dt Missouri RR. in Nebraskaconsol. mortgage of 1878 Is for
$14,000,000, and is now a 1st M. or 1st collateral lien; all except the
exempt bonds are subject to call for the sinking fund at par; $171,400
retired In 1903. The " exempt" bonds may be oalled after 1908.
Burl.
Amount
— (Concluded) —
M.,
AB
The
Size, or
Quincy
St. Jo., consol.
Equipment bonds,
Date
Par Outstanding
of
Road. Bonds Value.
K.C.St.J.A Coun. BL.oon.M. (Nos. 1 to 500pf.)o
1st Ms. Nod.and Tark.Val.RRs. s.f.(dr.at 100). o*
Bep.Val.,lstM.,gu.,(dr. atlOO) s. f.,$14,000y'ly.e
Atoh. ANeb., IstM., kt. toLdn.,Neb., etc, guar.c
Lino'n & N.W.RR.lstM. guar., s.f.l p.c.notdr'n.
Chicago Oin. <£ Louisv.—C.R. &M.lstM.. g.OB.o"
Gen. M., $900,000, call at 110 aft. Oct., '10.
Chicago A Clncln. 1st M., $750,000, g., call, text.
On. & Ind. W., 1st M., $600,000 call. text.OB.C
Ch. Cin & L. gen. A ref. M., guar., text.A B.c*
Hoosler Equip. 1st M., ser. A, guar. p. & i.BB..
EqulDment trusts, $300,000, part due yearly.
Chic. <k E. M.—Pt. st'k, 6%non-cum ($10,000 p.m.)
Ce.o A
lstmort. (s. f. $20,000, no drawings)
Danville & Grape Creek RR.- 1st M., assumed, .c*
c*
Extension, 1st mortgage
Ce.o*
Consol. mortgage (for $6,000,000), gold
sinking fund
o*
Collateral trust bonds,
Gen'l consol. and 1st mort. $30,000,000. .Ce.o&r
A
:
RAILWAY STOCKS AND BONDS.
3J8
Ref.
.
Of h, $2,193,400;
1
M.
J.
J.
J.
M.
J.
A.
J.
P.
J.
J.
J.
J.
&
&
&
&
&
&
&
A
A
&
A
&
A
8.
J.
D.
J.
8.
J.
O.
M.
J.
A.
F.
M.
Mch.
1,
1,
do
do
June 1,
Boston, Bk. of Com'rce. July 1,
do
do
Mch. 1,
Boston, Co.'s Office.
Jan. 1,
Bost., Old Ool. Tr. Co.
Oct. 1,
Bost.,
L.
Tr. Co. Jan. 1,
Bost., Old Col. Tr, Co.
Feb. 1,
Bos., Old Colony Tr. Co. June 1,
Bost.,
L.
Tr. Co. July 1,
Am.
Am.
J.
J. Bost., Bost.
Jan.
A
&
J.
A.
D.
D.
Q.—J.
J.
N. Y. .Bk.of No. Amerioa.
Boston, 2d Nat'l Bank.
A D.
& N.
A D.
& O.
& A.
& N.
A J.
& N.
& J.
& J.
A 8.
1911
1907
1920
1919
1908
1910
1950
1951
1952
1952
1953
S.Dep. ATr. July, 1906-12
Boston, Am. L. &Tr. Co. To June, 1913
N.Y., Hanover Nat. B'k Julyl, '05,li«
N. Y., 4th Nat. Bank.
Deo. 1, 1907
N. Y., Central Trust Co. May 1, 1920
N. Y. Fourth Nat. Bank. Dec. 1, 1931
N. Y., Central Trust Co. Oct. 1, 1934
do
do
Feb. 1, 1912
,
do
do
Nov.
1,
1937
N. Y., Met. Trust Co.
Jan. 1, 1936
N.Y., Farm. L. A Tr. Co. May 1, 1920
M.
J.
do
do
July 1, 1908
New York.
J.
July 1, 1955
M.
N. Y., Blair A Co.
To Sept., 1910
do
To Apr. 5, '18
do
J.
J.
New York.
To Jan., 1915
M. A N. New York, Erie RR.
May 1, 1982
owned by Erie RR.
Oot. 1, 1982
New York, Erie RR.
J. & J.
July, 1918
J.
A
$53,400;
j
$50,400;
k, $508,800;
1
$47,000.
A
In 1902 the Southern 111.
Missouri Bridge Co. (which see) let contracts for a bridge across the Mississippi River, forming with St. Louis
Southwestern a direct line to Texas points. V. 71, p. 1219; V. 74, p. 936.
Stock.— Common stook issued $7,217,800 ($15,000 p. m.). In addl
and $161,300 pref. were in treas'y In Jan., 1905.
In Aug., 1902, the St. Louis A San Francisco RR. gave In exchange
for the common and preferred stook its stock trust certificates at the
rate of $100 thereof for eaoh $100 share. V. 75, p. 289. In January.
1905. all of the $7,217,800 common and $6,211,700 of the $8,830.700 preferred had been exchanged on this basis.
The St. Louis A
San Fran, has the option, to retire the trust certificates at any time at
$250 per $100 common stock trust certificate and $150 per $100
pref. stock trust certificate, payable in gold, and obligates itself to
pay off the entire Issue in 40 years from date at the same rates meanwhile obligating itself to pay 10 p. 0. dividends on the common and 6
per centum on the preferred trust certificates, respectively, these
amounts being equivalent to 4 per cent on the principal sum to bo
eventually reoeived in payment therefor. Upon failure to pay any
dividend within 30 days after demand therefor, any holder may surrender the certificates to the trustee and receive the shares represented
thereby. See also V. 75, p. 289.393,1031. A majority of oommon
stock trust certificates were in 1905 exchanged for oertifloates In denominations of $1 000 eaoh re resentling 4 share s of common stook,
bearing 4 p. 0. Interest, and payable In 1942 at face value. See form
tion, $5,230,600 com.
V. 80, p. If 56.
Dividends—
On
pref., p.
Common, p. c
1905.
) '91. '92-'7. '98. '99 •00. '01. '02. '03. '04.
> 4i« 6 yrly 6
6
6 6 6
6 6 ToJ'ly,4i3
2^3^
O
)
6 Below. Jan., 5
4»a 5^6
In 1904, on oommon, Jan., 3 p. c; July, 5 p. 0. No later dividends
on common stook declared, because all exchanged for St. L. A S. F.
trust certificates. V. 80, p. 2398.
Bonds.—Tne general consol. and 1st mortgage of 1887 (trusree. Central Trust Co.) provides forthe retirement of $6,042,000 prior bonds and
for Issue of bonds on new road at $18,000 per mile for single traok
also for bonds for equipment at $7,000 per mile and for double traok at
$8,000 per mile. In 1897 the gen. oonsols. were limited to $30,000,000. See V. 64, p. 1088; V. 78, p. 1446; V. 79, p. 1331; V. 80, p. 1728Serles B equipment bonds mature $57,000 eaoh June and Deo. and
$56,000 eaoh March and Sept.
Tho refunding and improvement gold 4s of 1905 ($55,000,000 authorized issue) issued and Issuable as follows:
Sold for improvement an<1 to remimburse the compiny for It* investment in the Thebes Bridge (see Southern Illinois & Missouri Bridge
Co., V. 80. p. 1424) and in certain stocks and bonos of other
companies
$5 000,000
Issuable as requlreo, for additions and improvements, in
eluding equipment
15,374,000
'Reserved to retire, $ for $, the $3^,000,000 gen. consol. and
1st 5s of i»37, issued and issuab.e, and $4,626,000 Chic
A Ind Coal Ry. 5s
34,626,000
General Finances.—This oornpany owns most of the oapital stook
of the Brazil Block Coal Co., and oarries all its coal. It oarries also
the ooal of the Danville, Clinton and Williamson county fields.
Earnings.— For 5 mos. ending Nov. 30, 1904, gross, $3,553,118;
net, $1,396,666; charges, $859,460; bal., sur., $537,206.
Annual Report.—The annual report for 1903-04 was In V. 79,
Rate per ton per mile was 0468 ots. in 1903-04
p. 1951.
Tear end. June 30.
1904.
1903.
1902.
1901.
Miles operat. June 30
758
751
738
727
Gross earnings
$8,664,042 $7,723,848 $6,277,494 $5,659,446
fr.691,93 3
Oper. exp. A taxes.
3,699,732
4,552,089
3,471,294
Net earnings
$z,972,109 $3,171,759 $*,577,762 $2,188,152
Net (lncl.oth.income). $3,327,651 $3,544,558 $2,826,909 $2,407,215
Interest paid
1,356,778
1,282,323
1,245,889
1,201,671
Rentals
225,65*
157,523
132,138
137,578
Div. on pref. stock. . (6) 409,842 (6)409,842 (6) 409,842 (6)379,842
Dlv. on com. stock. .. (8)577,424 (6)433,068 (6) 431,868 (5»«)370,879
Const'n, depreo'n, et c
400.12 1
920,646
607,172
317,245
.
.
Balance
$341,155
$357,831
None.
None.
Officers.— President, A. J. Davidson, St. Louis; 1st Vice-Pres.. Robert Mather, New Yorb; Secretary, J. S. Ford. N. Y. ollloe, 71 Broadway.— (V. 80, p. 162, 172f 1856, 2219, 2398; V. 81, p. 30.)
Chicago A Erie BB.— (Bee Map Erie RR.)—Owns from Marlon, O.,
to Hammond, Ind., 249 miles, and leases trackage over Chicago A
West. Ind. to Chicago, 20 m. Erie RR Co. owns entire $100,000 stook
Bonds.—The first, mortgage (trustees Central Trust Co. and Edward
Daniels) covers 249 miles of road, the oontraot with the Chioago A
Western Indiana, $1,000,000 of that oompany's stook and $240,000
stook of Chicago Belt Ry. See abstracts V. 51, p. 911, V. 61, p. 750.
,
Chicago urcat Western By.— (See Map.)— History.—The
Chi-
oago 8t. Paui A Kansas City was organized in May, 1886, and in December, 1887, merged with Minnesota A Northwestern. In August,
1892, reorganized per plan, Vol. 55, p. 856.
On Sept. 7, 1893, the Great Western acquired by deed the title of the
Chioago St. Paul A Kansas City Ry. (815-67 miles). In June, 1902,
the old mortgages were satisfied of record; V. 74, p. 726. As to 7-year
contracts made in 1902 with packing oompanies, see V. 75, p. 341.
Road.— Operates the "Maple Leaf" route, radiating from Oelweln
la., northerly to St. Paul easterly to Chioago and southerly and westerly to Kansas Citv and Omaha, embraoing
'
.
RAILWAY STOCKS AND BONDS.
IHJuly, 190K]
319
MerrfllonX
°'--/
3J<5^' \ NewSLondc
1/ Dextervlllel
Mepasha
ieawood
Tracy
Crystal
ikod
iCamb' Douglaa
\
— WeUs\«
-g^TWIndom
\r
ipralrJe>£^ \ Winnebago Cv>?
Jc.
1
0«^<1 \
/\
^^^--V
WJ
Us*'"
j£>4
\
vAl
Winona
La Ccosse
\ 'StJ^^n
\ «,,
lat.
o)
Cie6Ceat'l|l^
"Baraboo*
aT^ibley
/Estherville /?
Spirit
SpericerY\cT
.9*
e^V
^
£She)ddn
^Richland Gen/
70
fee
]
CTSie*
^a*
(AOISON,
Sidux
wT
n7~
C;
$0/
;
sSEaciAeX
Jan^syV^ElEhosny
11
**"L*%
\?i!S^a>
JCenosMjl
Belong
k
'aso SUP?
Relabel
Sjffonticallo
JEores
Jla<
-.Toledo
ElCKffl
HerndonY^-^
Sh""! Baxter
Atlantic
^<« OES"MI^NEM£|sF-\
/
/-
c.
—
ftumwa
Muscatine ^/.
"Washington
^Utinsb^irgh
/\M^
~"^2<L.jlU^^r
Creetonl
/
A*
•'
i
sGalra/
lockton y^Bjet haryJc.
^iyParnell
g^
ingtot^JS/ BerwioTt*
^TSlodrnfieiav^j^. Maajiaon,
•WKLrr^
SeokmM
/T.Car.thag
^a^
E^
Jam980ifv/o
p*c.
I
yXeJoy*
1
bincoli
L
.
AflintaVw
7
i>
.cleae
~~aa^v'.
v .Mdnroe
<t-J
1
V
:
/
^-
r
,
JK^J**
\ P^-v
Jjsfcksojnsy,
<^iSu^]/van/7f,
fiPayil.ojr'Vj
pj,
—
A.
^^"
^
t
[iSiscola-'
1
JtfatwoK)
Panat
^^-^^^^^^^Acmrk
-0:
froi
Decatu
^PAC.
Brain«w1'pa.V- s. i^tf*
<?1
spr.Vn?
-
HalinibaaVlfgir
Lexi ngton
0/
/
,
PacT^MeaVENWOrVH
/1
a" ui"p"£C1gly
otu©
X'^gl'ktte City^J
>lavanjf^
Milanj
!Macj)n Cy?(f~
'°S\ ^X"
X^wis Tj/ v^
EirksvtlleN
/
,1*/ s^l.
Ivf
"jflSavannah
rt#
-,
dfiff"
Cil
.
LjaHi
IcakeeT
Galesbur^
«a,9'
x
"
S<).;\.
efiwpod
QffCONCEPTfON
^MCorn
Ceithsburgh
B'Y
tpnfif/outh
Centre
iirfbupKt
Buaa
airfieia
XTbai
2i_^Humeston
i
WN
"*
.
Is.
^S^Bureau Jcr
AsjSha.nn'pi City
ida/Jc.
*
3ock
i^feru
JolietJ
^Colona
OaTenporQ
'
V^Ialvern
A
sTipton
10SKALOOSJ
WTntorse'
Cumb^rlamL°^~\
k alb
y be
Sixon
iririnel
l^iQifuli:
*>*/
oCheT^
CUntoaT/iVFulton
DNeWbrn !
\ ?VV»)nt?zaBia
>
"^
I
-
M <J^^ALERI^-
1
TSaT.inna
"Cedar Kapji
il^So
•wiling
Jrfexlco
ftfie
Gkeen
Sfingham'
Centralia
anaaliai^T^
B0oavilie7
rence «
^yTOliithe^
Ottawa J
>
Warren8burgh\
Ijipton
Sedali;
arriaoaYille
I
Dmle
JEFFEBSOfifCJ
St
7
Centralia
^
iOlney
.
.
RAILWAY STOCKS AND BONDS
320
RAILROADS.
Miles
Fjr explanation of column headings,
on first page of tables.
Chicago
&
:
Or.
<fco.,
Bee notes
Date
Size, or
Par Outstanding
of
of
Road. Bonds Value.
[Vol. lxxxi.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Slocks — Last
Whom.
Payable
Cent.
Dividend.
Trunk— See Gb. Trunk West. Ry.
Chicago Great Western.—
Deb. stock, cum., gold, $30,000,000, gold
Preferred stock A, $15,000,000, 5 per cent, gold.
Pref. stock B, 4 per ct. (to be $24,000,000 auth.).
Common stock, $50,000,000
Sterling 5-year notes 5s (no mortgage)
Sterling 5-year notes (no mortgage) red. at 101..
Goldnotee, red at 101
Gold notes, $2,500,000 auth., red. at 101
c<fer
Chic. Hammond <t West'n—See Chic. Junction Rr
1S02
1903
1904
1904
$100 $27,577,000
4g- J. & J. London or New York. Ju1yl5.'0*5,2%
100 11,372,400 See text. Semi-an London or New York. Feb.29,'04, 2H
100
9.489,190 5 None l Semi an
do
do
100 44,464,545 I paid. \
Various
280,363
g Semi-an London or New York, 1906 & 1907
Various
3,342.54 5
Seml-an
i
do
do
Various, 1908
Various
1,572,757
5
Semi-an
do
do
Various, 1909
5,000
2,499,697
do
do
Aug. 1, 1909
5g. F. <fe A.
-
Chicago <t Indiana Goal— See Chic. <fe Eastern II LINOIS
43 1902
Chic. Ind. <S East.— 1st M., g red. 115 (text).N.o*
1S03
Improvement mort., $100,000, g., red. at 103. ..
Chicago Indiana p. & Louisville Com. Stock. .
Preferred, 4 per cent, non-oum., $5,000,000
289 1880
L.N.A.&C., 1st Main Line.— N. A. to Mich. City..o*
500
100
100
—
1st M., Chic. & Ind. Div., Chic, to Ind., gold..o*
L. refunding mort., $10,300,000, gold..Ce
C. I.
Do
gold 6s, issued for old consols
&
Con.8toneCo.lstM.,$250,000,g.,gu.,p.&i.red.text
Indiana Stone RR. 1st M., guar
Ohic. Ind. <t St Louis Short Line- See Cleveland
IstM., $2.258,00o g.,rrd. 105.C*
Chic. June. RR
—
By.— Chic. Ham. & W. 1st M.,g.e*Jsr
St. Po«{-Commoii stock (See text)
Chi. Milw. &
Preferred stock7 per cent yearly, not cumulative
0*
I. & D. Ext. 1st M., convert, into pref.F
B. W. Div. 1st mortgage Western Union RR....0*
8o. Minnesota Div. Istmortgage.F
o*
Mineral Point Division 1st mortgage. F
o*
Hast. & Dak. Div., ext., 1st M. ($990 000 5s).F.o*
162
509
509
Cm.
& ST. L.
1905
27*48 1897 500, Ac
100
100
335 1878
1,000
1879
1,000
212
419 1880 1,000
133 1880
1,000
395 1880
1,000
Chicago Great Wenlern— (Coucludcd)Llnet owned (total, 757 mile*)— Mile*.
402
Chicago to St. Paul
289
Oelwera to St. J< seoh
S3
BeeCreekto Beverlr
23
Somner to Waverly'
Cedar
Falls,
etc.,
JJeKalb,
21
branches
Irackage. <fcc. (total, 83 mile*)—
10
St. Paul to Minneapolis
operated under agreement^
Mason City A Fort Dodge,
Milet-
385
miles, viz.:
Oelweln,
Council Bluffs...
Hayfleld, Minn., to Clarion. la
Branches to Lenigb and Coal
260
100
vllle, Iowa
Trackage rights Council Blufls
to South Omaha
18
la., to
7
10 Wis. Mmn. & Pac. RR., 271 miles:
Chicago Terminals
11
Mankatoto Red Wing
96
Dubuque to Aiken
...
Red wing to Osage
3
1H
Des.Molnee Term.nals
87
Winona to Simpson
54
Beverly to Kansas City
9
Branch to Cl»y Banko
St. Joseph to Bee Creek
8
1,4*8
Grand total owned, 'eased and operated under contraot
•5 Deduct Sumner to Waverly. la., leased Jan. 1, 1901, to Waterloo & C. F.
R.T. By
:
28
aad since)
1.471
Securities.—The holders of debenture and preferred A stock appoint the finance committee, which exercises general supervision oi
finances. Additional securities of said Issues can be put out, but only
with oonsentof a malorityof both said olasses of stock present at a meeting. Securities of other Issues having a lien prior to preferred A oan be
created, but only with consent of two-thirds of both olasses. The several olasses in ease of liquidation will have prlnolpal paid In gold, according to their priority right to dividends. At extraordinary general
meetings of holders of debenture stock and preferred A stock collectively, holders of ont -tenth of said stocks outstanding, present or represented, constitute a quorum and by a majority vote have power to
5 a notion any modification of the rights of said stocks. For rights of
each stock see editorial in Suff. for Oct., 1897; see also V. 71, p. 441.
In 1898 the authorized Issue of 4 p. o. debenture stock was Increased from $15,000,000 to $30,000,000 for future refunding and improvements. See Finances below. V. 66, p. 133, 663, 1088.
In Nov., 1902, $6,500,000 oommon stock was Issued to purchase part
of stock of the Mason City & Ft. Dodge R H. and part of stock of
Stockholders
Wis. Minn. Sc Pacific RR., 271 miles. V. 75, p. 1201.
voted Feb. 18. 1903, to inorease common stock from $30,000,000 to
being exchanged for ad litional stock of
$50,000,000, $14 538.700
of the Mason City & Fort Dodge and Wisconsin Minnesota A Paoiflc,
raising the ainouut outstanding to $44,464,545. V. 75, p. 1201, 1253;
V. 78, p. 154s; V. 80, p. 649. 2219.
The stockholders will vote Se t. 7. 1905, on authorizing an inorease
in the preferred B stook from $10,000 000 to $J4,000 000, the new
s'ock to be exchanged, $ for $, for Mason Ulty & Ft Dodge pref. stock
V 80, p 2457. 2620.
The gold notes are a direct obligation ahead of the debenture stook.
No lien oan be plaoed on property without providing for their payment. V. 79, p. 902. Equip, lease warrants June, 1905, $376,883.
urvTDENDS.—On pref. "A" paid Jan., 1899, 2p.o.; In July, 1899 2 p. o.
In 1900 to Feb., 1904, 5 p. o. yearly; none since to Apr. 29, 1905.
Finance - In 1903-4 $4.000.ooo five-year 5 p. o. notes were issued*
V. 76, p. 809; V. 78. p. 1219; V. 79. p. 626.
Both the Mason City & Fort Dodge RR. and the Wisconsin Minnesota
6 Pacific RR. are operated for 100 years under agreements dated
Apr. 1, 1901, the Chlo. Gt. West, receiving their entire net earnings
Total operated (Jan.
1.
1901,
;
above Interest on bonds and owning their entire stocks. By later
agreement the Mason City & Ft. Dodge reoeives 60 per cent ou busi
ness Interchanged, any surplus above lrter-st to lie held for payment
of future coupons. See separate statement for eaoh oo. V. 73, p. 566,
722; V. 74, p. 93; V. 75, p. 1201: V. 60, p. 1911.
In Apr.. 1905, $2,000,000 Mason City <te Pt. Dodge 4 p. e. bonds
were 60ld. See that company and V. HO, p. 1363, 1911.
Eaunings.— 11 mos., ) 1904 5.. ..Gross, $7,0 6.5 !6; net, $2,017,362
Gross, 7,593, "37; net, 1,957,639
5 1903 4..
July 1 to May 31.
Karuing* since .i«n. 1. i""4. are bxa.'d en His miles of road proper only, the
net earnings of the proprietary lines over bond Interest being included.
Semi-annual report In V. 8<\ p. 1359, showed: For 6 mos. ending
DcO. 31, 1904. net. $1,300,712. again t $1,281,031 in 1903; charges,
$1,080,275; bai., sur., $270,437.
REPORT.-Report for 1903-04. V. 79,
Average miles
Tear ending June 30.
Gross earnings
1904
874
$
929
8,022.674 7,823,191 7,549,689 7,013,861
1,902,632 2,184,662 2,060,230 1,978.346
equipment).
431,368 408,144
390.815
440,604
Rentals (incL
283.625 174,585
147,999
paid
188,973
Interest
925,207
cash on 4% deb. stk. 1,044,976 1,025,693
780.610
Int-ln
Div. on pref. stook "A"..(2ifl)284,310<5)568,620 (5)568,620 (5)568,620
6.168
8.64 5
Miscellaneous
d ef.l41,647 sur.7,620 sur. 21,021 def.9,106
Balance
Officers.— President, A. B. Stlckney; Vloe-Pres., A. Oppenhelin;
Wight; Treasurer, R. O. Barnard; all of St. Paul
Secretary, R
Dlrectors-A. B. 8tlckney. A. Oppenbelm. 8. C. Stlckney. V. Weyerhaeuser. J
W. l.usk, H. K. Fletcher, T II. Wbeeler. M D. h lower, R. C. Wight. Men Kork
OfBce, 31 Nassau 8U-I V. bO, p. !44lU. *39«, 2457, 2420.)
Ctilcagp Indiana Sc Eanteru Ry.—Owns Converse, Ind., to
Muncle, 43 miles. In Sept., 1904, G. W. Bartlett of Miincte, Ind. was
appointed receiver, the floating debt being over $150,000. V. 79, p.
10^2, 1285. on Got. 29, 19 4, $3o.000 receiver's certificates, due In
outlis, were authorized. V. 79, p. 2084.
Net Income
—
< !
1,800,000
2,500,000
58,183,900
49,327.400
831,000
4,000,000
7,432,000
2,840,000
6,670,000
g.
M.
N. Y., N. Y. Sec
N.
& Tr,
May
D
D,
D,
N.Y.,J.P.Morgan&Oo
A.
-
J.
J,
-
N,
O
O
J'r.e 28,'05,li«
J'ne 28/05,2%
July 1, 1910
Aug. 1, 1911
July 1, 1947
July 1, 1947
Tr.
<fe
8av.Bk.,Chio May
York.
Sept.
1,
1,
1920
1948
Mar.
Am.
S.
S
J
do
do
do
do
do
do
do
do
do
do
J.
1942
1909
1,
1,
Met.Tr.& Sav.Bk., Ohio. Jan.
3.
1,
1945
New
Jan. 1, 1927
N.Y.Offlce,30 Broad St. Apr.24,'05,3»«
N. Y., Cent'l Trust Co.
do
do
do
do
do
do
J
J
J
J
J
do
do
do
do
do
do
Apr.24/05,319
July 1, 1908
July 1, 1909
Jan.
July
Jan.
1910
1910
1910
1,
1,
1,
Capital stook authorized. $1,000,000.
Of the 1st 5s of 1902
($1,000,000 authorized) $500,000 are reserved for future requirements. In Dec, 1903, filed a mortgage for $100,000 to the Metropolitan
Trust & Savings Bank Co. of Chicago. In year ending June 30. 1903,
gross earnings, $125,029; net earnings, $39,230; total deductions, $32,024; bal., sur., $7,206. Pres., H. E. Drew, Marthews, Ind.; Vtoe-PreB.,
Clarence A. Knight, Chioago, 111.- (V. 79, p. 1022. 1265, 2084
Cnlcajro Indianapolis
Louisville tt.y*—(8ee Map.)— operates the 'Monon Route" from Chioago, 111., via Morion, Ind., to Indianapolis, Ind., and Louisville, Ky.. with branches. The system includes
Lines ownea,
Miles.
Oper. under contract—
Miles,
Indiana State Line to Indianap. 162 Chicago to Ind. State Line
20
New Albany to Michigan City 289 New Albany to Louisville
6
Bedford to Swltz City
40 Connection in Indianapolis.... 2
Orleans to Fr. Lick Springs
18 ClearOreektoHarrodsh'g.Ind.
9
Swltz City to west of Linton. . 10
Gosport Jo. to Swltz City, Ind.
(coal only)
35
Total of all
591
A lease for 999 years with Chioago & Western Indiana (of whose stook
this oo. owns $1,000,000) gives entrance to Chioago on a mileage basis.
Owns one-third int. in Kentucky & Indiana Bridge at Louisville, Ky.
History.—Successor July 1, 1897, of Louisville New Albany A Chioago, foreclosed per plan in V 63, p. 922 Suit settled. V. 75 p. 1031.
In Aug., 1902, the Louisville * Nashville and Southern Ky. acquired 93 p. o. of $10,500,000 common and 77 p. c. of $5,000,000 preferred stook, on the basis of $78 and $9o per $100 share, respectively,
in their Jolut 50-year 4 per cent collateral trust gold bonds at par, secured by the stook acquired, six-tenths of the purchase price being
pavable optionally in cash. See description of bonds under Louisville
A Nashville. V. 74, p. 1088, 1138; V. 75, p. 28.
DiviDKND8.—On pref.. 1899, 1 p o.; Oot.. 1900, to Jum», 1905. both
Inclusive, 4 p. o. per annum. On oommon, 1902, 1 p. c, 1903, 3\ p. c;
i:»04, June, l 1* p. c; Deo., 1M p. o.; 19or>, June, 1*5) p. o.
Bonds.— Refunding mortgage covers road, equipment, etc (including
$1,000,000 stook of Ch. & W. Ind and $240,000 stock of the Belt
total authorized issue is $15,000,000, of which
Ry. of Chioago)
reserved to take up existing divisional bonds at maturity, $5,300,000;
to be issued only for betterments and equipment, not to exceed $300,000 In any one year, $2,091,000, of the latter of whloh $1,833,000 had
been Issued to January, 1905. Of the Consolidated Stone bonds
($250,000 authorized Issue) $25,000 are subject to call yearly, Jan.,
1903 to 1906, Inclusive, and the balance Jan. 1,1907. V. 73, p. 41.
Finances.—See statement to N. Y. Stook Exohange In July, 1897,
V. 65, p. 194, and "History" above.
Gross. $5,115,611; net, $1,813,496
Eahnlnos.— 1 1 mos., / 1904-5
July 1 to May 31. \ 1903-4. ...Gross, 4,«53,b73; net, 1,742,797
Annual Report.— In V. 79, p. 1328, showed:
1902-«3.
1901-02.
1900-01.
Year end. June 30— 1903 04.
Gross earnings
$5,300,623 $5,066,131 $4,581,158 $4,150,470
1,884,454
1,949,773
1,728.024
1.496,929
Net earnings
155,751
129,448
135,776
257,031
Div. etc reoelved
&
—
.
;
Total net income. $2,141,485 $2,105,524
$772,100
Interest on bonds
$772,100
224,193
Rentals, eto
250,023
$1,857,472 $1,632,704
$772,100
199,197
$771,294
208,636
$971,297
$979,930
$996,293
$886,175
$1,109,231
$652,774
200,000
200,000
200,000
Div. on oommon ...(2ifl)262,500 (2"s) 262,500 (1)105,000
Officers.— President and General Manager, W. H. MoDoel, Chicago;
Vloe Free., Morton F. Plant, New Yom; Treas., W. H. Lewis, 198 Custom House Place, Chicago; Sec J. A. Hilton. 80 Broadway, N. Y.
Directors— J. H. Buianuel, A. H. Ull'ard, A. T. fr«noi Chxs. Steele, R. M.
Uallawav, TemplH Bowdolu, Morton K. Plant, New York; W. H. McDoel, G. B.
Sha», II. A. Hickman, Chicago: J. Murdock. Lafayette, Ind. -(V. 77, p. 694,
Total
$1,022,123
Surplus for dividend8.$l, 119.362
200,000
Dv. on pref. 4 p.o....
,
7«4;
1326, 1343; editorial, p. 12991903.
1902.
1901.
p.
&
&
&
See text.
&
4 in 1904
&
6
&
&
J. &
2 g M. &
g
i g. M. &
5
4g< M. &
6 g J. &
7 in 1904 A. &
A. &
7
J. &
7
J. &
6
J. &
6
J. &
5
5&7 J. &
5
6g.
(t)
10,500,000
5,000,000
1,000
3,000,000
2,300,000
1,000
4,742,000
1,000
1,000
4,700,000
93,000
1,000
1.000 In treasury.
1881
1897
1897
1900
Chic.
500.000
1,000
,
Ohic. Junction
Amount
.
V. 78.
Cblc.
I
p. 2o«;
V. 79,
mi la ii. A
p. 1206,
l3Jh;
V. 80, p. leu, 221, 23^8.)
Louis Short Line Ky.— (V. 79, p. 78S.)
Junction Kit.— To be an elevated road, double tracked,
St.
Ctil<ag<>
extending from junction with South Side Elevated RR. at 40th St to
the Stock Yards. Leased to South Side Elev. for 50 jears (With right
to purchase at cost within 20 years) at a rental o >veriug bond interCapit >1 stock, nominal. Bonds are guaranteed,
est and a 1 expenses
prin. and int., by Chicago Junction Railwa\s A Union Stook Yards
Co.; they are subject to call at 105 after 1910.— (V. 80, p. 871.)
all way.— Owns and operates a belt line
Chicago Junction
around Chicago from Whiting, Ind., to Franklin Park, III., from Chappell, 111., to U 8. Yards, and In the Union Stock Yards district connects
with Industries and all diverging roads. Mileage operated (first track
only), 74 93 in., of wulch Chlo. Juno. Ry. owns 2748, the balauoe being
operated under lease, trackage rights and other agreements; total mile
age, including second track, yard traok aud sidings, 27l'38 miles.
Stuck.— The entire capital stock, *2, 200,000, Is ownndby the Chicago
Junction Rys. <fe Union Stocks Yards Oo. See industrial Cos.
for $2,500,000 UruBtee, E.
Bonds.— First mortgage of C. 11. &
Francis Hyde, N. Y.) assumed. V. 64, p. 287.
For year ending Deo. 31, 1904, gross, $2,255,511 net,
Eakninos.—
$2 '3,342; other income, $57,890; oharges, $166,282; dividends
(6 p. c), $132,000; surplus, $52,949.— (V. 78, p. 583; V. 80, p. 649, 711
H
W
;
O
—
July,
RAILWAY STOCKS AND BONDS
1905.]
"^O^lW
ftT
-TV
/ ceJ
^—
,
JL
Holgate.
Cecil
^8
\
Napoleon,
o
^^^JWarsaw
/Claypool
?Dupont/
HMedarJVillo *
iJhayer^
-&$
Vwinainac * *tTl
.FAIR OAKS^ft^
/NK/4,. flirancesvifl^
/
«7
321
yA/^-^Y^l^
<
jSlilford
\ £-
H
r^
J-
"^*m
_*
w^<S3r~r~--yLP<TTs
UxV^e^P^^T^^^-r^^-^
/c^
»
'
Latty
FindlayJ
»•
C9j
Careyj
.#$
^jet
5elphos
Deqatur"
j
Forest
l^et*
Vabaslt
^3ooai*»'
3?(
X
Ki
i Chalmers u
.lBrookston§2
*j\.
P*\
j\
'\^f
t
:
\
/
^ //[Vr'
|0rf223>sBattte
°Al ^-t-""^
St. Marys
Harion
^*1>
larayettieJ2£-
oy
^v
Wapakoneta
>
CetinaT
B.
Xokomty
Ground
/
Kenton/
4r.
^V* //*< *'
-asnur.
1
Lima
Bluff ton
.
3artforcl
<\
/Portland
rf-<
1
AlvuiS
W.LeWl^
1.
jRidgeil:me
.^ ioJri*
"
3c*/*
Q
'jot*
&i&"0
a,
,/ "Ti
s^xoit
<>e>>.
»i
Gr.
.-(leYsb ^
fa*
1
vi
ville/II^^^
r
">,-,
**v,
.
-.
B
I
\
Sfci
«
•
—2^3&r
/"^
T^s
<
il
I
•*o.
k>^
I
"
VTroy
*s
Ifnights
Danvilles^^
^-^TMrpentersVlJz
Green
oous
A>*
^Fba
v *"Oa„
Versailles;
>rsailles/
Anderson!
An
4
^
jqos, ip
rSidney
cio
£\tf>
.
TJ
c
1
fi»**
ttf
Clayton
Paris
^
/\<f
;
t**^ Shel^
^W klTn°<>\
^JGreensburg
Martj4?Gie
^*S?jL
n
°VSd
'ilarsliaT
C
-V-rt^°
/
xi^
II
,
^^fendale'
<M-Iartwell
^i^~^
Casey
'
yt/ *fte
W
*
««V>*
%
Jones -V
HoSlnson/
isMV
•^"^
*fi
^ ^" Vfi&
s0
a<>
°i^%t>1»sJ^C*
Falmouth
i<V
^Scottisburgli
MarysvilleVI
1
IWiite
<*^;y
!y
•>S <i,v„*
*>-»>
\&
„(JTv^k,
1
FR £N
'rinceton/
-
s^
PjasDer
rjasper
o
1^
v-ftP^P^i^m.
!«_
1
^Johnson
etoy
^°'
auntingburg
G
eot6
*«>*•
*7
U^
$*
o'
^Cen'treyille
Lawrenceburg\
,\
Versailles /
X
3ardstown
J «'
lBloomfield
vagsvifla
I
^*
-aendensoi
1
LoJJ;
A.
vtfe^
—ctpwensboro
y^
«7teli za'betli^i\\
ftidalpT town
enaaierf <«" "
\
Eordvx
"
\g?
/ %-
\
—^-°Mulwooa
Frenehburg
•
^"^ Stanton
\^
.6 Richmond
!g[_^y
Harrodsburg\,__A urgin £/ U
.„
n-o.
j^
I
^/
/
rDanvjllel V.
fe
n^
Danville JcT
vvO.*
<
»
'"Uptons
l.
LCkson
%Ea
&
:hmond\jc.
u
lunfords V.
O.wens'boro
Jc,
K
j
^^&
—
^Glasgow
Livingston
Xaberty^r^sA^
\V
TNortonville
^
i/
3i
^J^6~
.lErSvjdence
'*
>
jj^tfMt.Sterling
D BardstoVn
Cecilia
^Breckenridgs
Dixon
6,
TParis
*
SbelbyvUle^Si^o
Jc.
D Hillsboro
-Lt'i;
<
I v
Vauceburg
*
ynthianal
Grange
i£^€^J|^^ffers6nvllla "-~NN
U)
pvu°
I
Mt. Olivet
Jc.
Somerset
k
London
Lcorbin/'
<
Oakland
aceton
v-
«.
Bowling Green<gt-^T
«j/
Glasgow
'''•^v, Barbour
.11
yy
V.
Jttempliis Jc.
.Auburn
^V
Greenwood
..Hewswad
\™levmt.'^'
a
MAP OF THE
Eussellvillg
^\VUlianwburgh^
Ctunberland \
kton^.v
>
^dy ^Adair V.
_Guthrie^^
.
CHICAGO,
Pjellico
/.">
pylarksville
c
Cumberland
INDIANAPOLIS
-AND-
LOUISVILLE
RAILWAY.
"Jonneon V.
n/f "/
vnoxvilj^
.
,
EAILWAY STOCKS AND BONDS.
322
[Vol. lxxxi.
Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables.
Bond*— PrinciINTEREST OR DIVIDENDS.
RAILROADS.
pal, When
Miles Date Size, or
Amount
When Where Payable, and by
of
Par Outstanding Rate
For explanation of column headings, &c, Bee notes of
Road. Bonds Value.
Per cent. Payable
Whom.
on first page of tables.
—
Chicago Milwaukee
(Ooncl'd)—
<ft St. Paul
Lacrosse & Dav. Div. 1st mortgage
F.o*
Wlso.Val.RR.Co. IstM., Tomah to Merrill, Wis.o
Wis. Val. Div. 1st M. s. f., not dr'n
NH.o*
Dub. Div. 1st M., s. f., not dr'n
NB.o*
Chic. & Pac. Div. 1st M. (Ch. to Kittredge).F.o*
do West'n Div. 1st mort., (see text) gold.F.c*
Chic. & Lake Superior Div. 1st mort., gold. F.o'
Wis. & Minn. Div. 1st mortgage, gold.F
Fargo & Southern 1st mort., gold, assumed
Ch. Mil. & St. P. Terminal mortgage, gold.. .F.c*
Dakota & Great Southern 1st mortgage, gold..F
F.c"
Chic A Missouri River Div. 1st mortgage
Gen. M(for $150,000,000), gold Ser. A..Us.o*<fcr
"B'^ias
o*
do
do
Milw. & North'n 1st mort., Sobwarz.to Gr. Bay..c*
Consolidated mortgage
o*
Okie. <ft N. West.—Com. stk., $77,601,045 auth.Tr
Tr
Preferred stock (not cumulative) see text
Ch. & N. W. con. s.f. M. ($12,900,000), not dr.F.O"
Cedar Rapids A Missouri Rlv.— 1st mort. 3d Div.
M. of 1884, Ced. Rapids to Des Moines River.
Madison ext. 1st M., g. (s.f. $23,000,not dr*n).F
Menominee ext. 1 st M.,g. (a.f. $20,000,not dr»F
.
185
107
161
351
120
1,117
68
230
119
159
77
5,722
5,722
126
362
1879
1879
1880
1880
1880
1881
1881
1881
1883
1884
1886
1886
1889
1889
1880
1884
$1,000
500
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
100
100
4,273
4,273
788
150
122
129
114
62
139
184
1865
1866
1884
1871
1871
1872
1867
1871
1878
1878
188?
1882
1,000
500 &c.
500 Ac.
500 Ac
500 <fec.
$2,500,000
5
1,106,500
7
2,002,000
6
5,53^,000
6
3,000,000
6
25,340,000
5 g.
1,360,000
5 g4,755,000
5 g1,250.000
4,748,000
f g
2,856,000
g
3,083,000
i
a24.000,000
4g.
3i«g.
al0,609,000
2,155,000
6
§4,003,000
6
58,949,900 7 in 1905
22,395,120 8 In 1904
12,832,000
7
2,332,000
7
769,000
7
b 2,977,500
7 g.
C 2,546,500
7 g.
d 3,365,000
7 g1,592,000
7
k 4,038,500
7 g.
250,000
7
200.000
7
a 1,007,000
6
2,000,000
6
d nut listed, see text.
Northw. Union 1st M., g., Mil. to Fond-dn-Lac.F
„. (now 1st) assumed..
1,000
& St. Peter *u
100 Ac.
1st mort. ext., gold, land grant, s. f., ase'd.o.F'
Plalnvie'w RR. and Minn. Val. 1st mortgages
"24
Roch. & No. Minn. 1st mort., guar, (assumed)
71
Dak. C. 1st M., gu. (Watert'n to Redfleld, S. D.)F
Dak. Cist M.on So'east Div. (to Hawarden) gu.Un 125
a Incl'g July, 1904, $4,109,000 of 3^8 «nd $159, 000 of 4s In reas. an
fr$1.08 9,000 additi onal In treasury.
U Coupon interest J&J; registered Q-J.
Winona
Due.
Stocks—Last
Dividend.
mm
t,
A
Chicago Kalamazoo Saginaw Ry.—Owns 55 miles, Pavilion
Stock, common, $2,000,000; preferred. $450,to Woodbury, Mich.
000; outstanding, common, $675,000; pref.. $271,000; par of shares,
The first mortgage Is for $225,000 to Union Trust Co. of Detroit,
$100.
as trustee; bonds all in treasury current accounts Jan. 1, 1902, $98,In 1901, gross, $84,248; net, $25,715 ; int. on debt, $9,907 ;
336.
dividends, $6,266. President, James H. Dewing; Treas. and Secy. H. C.
Potter, Kalamazoo, Mich— (V. 61, p. 1063.)
;
Chicago Lulu shore 6c Eastern Ry.— See page 463.
Chicago Milwaukee A St. Paul Ry.— Operates from
Chi-
cago westerly to St. Paul. Minneapolis and Lake Superior, Omaha,
Neb., and Kansas, City, Mo., with lines, traversing Illinois, Iowa,
Missouri, Michigan, Wisconsin, Minnesota and the Dakotas, viz.:
Road.
Road.
Miles.
Mile*.
2nd & 3rd tracks
Lines owned (of which 28
385
owned Jointly)
miles
6,906 Trackage (lnolud. 2d traok)... 289
History, Ao.—The Milwaukee <fe 8t. Paul RR. Co. was organized May
5. 1863, and on Feb. 11, 1874, took Its present name. The system has
since been greatly extended by the construction and acquisition of
other lines. The sale of the Milwaukee & Northern to the St. Paul was
ratified in September, 1893. In Mar., 1903, the Wisconsin Western
R. R., La Farge to Wauzeka, Wis., 51 miles, was acqulred.V. 76, p. 541.
Branch from Da\ls Jet., 111., to MoNabb. 77 miles, of which 40 miles
is trackage, was opened May 1, 1904. The White River Valley RK.
with $50,000,000 authorized stock, authorized to build from
liamberlain, 8. Dak., the present western terminus of the St, Paul, to the
western boundary of Dakota, 200 miles, etc, of whioh 75 miles west
from Chamberialn has been let, was commonly believed to be an ally.
V. 80, p. 1110.
Capital Btock.—The preferred stook has a prior right over the
common stook to a dividend of not over 7 per cent from net earnings In
eaoh year, but If not earned it has no cumulative right. After payment
of 7 per cent on preferred and 7 on common, both classes share pro rata.
The stockholders voted on Oct. 4, 1902, to Increase the
authorized common stock from $58,183,900 to $83,183,900. See
V. 75, p. 793 Preferred stock on Deo. 31, 1873, was $12,274,483; It
has been increased to present figures almost entirely by exchange
of convertible bonds for stock, only about $9,000,000 having been
Issued for other purposes (improvements, etc.).
In July, 1904,
$2,291,000 prior lien bonds were exchangeable.
Drvs. since '91.) '92. '93. *94. '95. '96. '97 to '00. '01. '02. '03 '04. '05
On common. > 2 4 4 2 4 5 yearly 6 7 7 7 Ap.,3"*
On pref erred. 3 7 7 7 7 7 7 yearly 7 7 7 7 Ap.,3'2
Bonds. —Abstracts of some of the older mortgages were published in the Chronicle, V. 45, pp. 85, 114, 144, 212, and V. 48, p. 830.
The following bonds are convertible into preferred stock at any time
within ten days after a dividend shall have been declared and become
payable on the preferred Iowa A Dakota Extension 7s and Chicago
Milwaukee A St. Paul consols of 1875. The convertible bonds were
fully described in Supplement for March, 1893, p. 2.
Chicago d. Pacific Western Division, see Supplement of Jan. 1901.
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
$150,000,000, to the united States Trust Co., of New York, as trustee,
and covers the entire railway property and franchisee of the company
(therein described) subject to prior liens as below mentioned. The
prior Hen bonds cannot be extended, but will be paid off at maturity.
On June 30, 1904, the following amounts of general mortgage bonds
had been Issued or were reserved for the purpose lndioated, viz :—
Amount in the hands of thepubllo
$30,341,000
In treasury of the company (unsold) see below
4,268,000
Total reported by the company as outstanding
1)34,009,000
Reserr ed for prior liens
1587,442,500
Available or eventually to become available for improvements, there being included in this amount the
27,948,500
bonds origiLally reserved for prior liens, whioh nave
since been oonverted into pref. and common stook
Total authorized
$15O,0O0,ooo
General finances, Ac.— Capitalization per mile of road June 30.
1904: Stock, $15,429; bonds, $17,82*; Interest charge, $904.
In Oct., 1902, made a traffic agreement with the. Union Pacific RR.,
terminable on notice, for through passenger and freight service from
Chicago to the Pacific coast. V. 7ft, p 848, 1301; V. 76, p. 101.
In Apr., 1901, stockholders subscribed to $8,673,200 new stook at
par, the proceeds to reimburse the company for 301 miles of new road
built during the past two years, and provide for Kansas City cut-ofl
and other necessary new construction, to rost $4,300,000, and In
Jan., 1902. $2,362,100 additional common stock was sold to pay in par
for 298 miles of new road, equipments and Improvements. V. 72, p
437, 935; V. 74, p. 378. In Oct., 1902, the rate of dividend on com
mon was increased to 7 per oent.
The funded debt was increased during the year 1903-04 by the issue
of $213,000 of general mortgage bonds and was decreased $863,
000 by underlying bonds retired and canceled of the latter, $650,
000 were oonverted Into preferred stook. Of the funded debt there
was In the treasury June 30,1904, $5,357,000 (against $5,144,000
<
:
;
&
&
&
&
&
A
&
&
&
&
&
A
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
N. Y.,Office,30 Broad St. July 1, 1919
Boston, Lee Hlggiuson. Jan. 1, 1909
N. Y. Office, 30Broad St. July 1, 1920
do
do
July 1, 1920
do
do
Jan. 1, 1910
do
do
Jan. 1, 1921
do
do
do
do
do
do
do
do
H
T
&
A
A
do
do
do
do
do
do
do
do
July
July
1921
1921
1,
1,
Jan. 1, 1924
July
Jan.
July
May
May
1,
1,
1,
1,
1,
1,
1,
1914
1916
1926
1989
1989
1910
1918
1,
1,
1,
1917
1907
1916
D. N.Y., Ch.Mil. A 8t.P.Ry. June
D.
do
do
June
J. N. Y.,Co.'b Offloe,52 Wall July, '05. 31*
do
do
July 1, '05, 2%
Q.—J.
Q.—F.
do
do
Feb. 1, 1915
M. A N.
do
do
May 1, 1916
do
June 1, 1909
J. & D.
do
Apr. 1, 1911
A. & O.
do
do
do
do
June 1, 1911
J. & D.
J.
J.
J.
A 8.
A N.
J. & D.
Seml-an
M. A 8.
M. A 8.
M. & N.
June
do
do
do
do
do
do
do
do
do
do
do
do
do
do
*Addl tlonal amounts In treas
M.
M.
Nov.
Deo.
1908
1908
1907
1907
Sept. 1,
Sept. 1,
Nov.
1,
ury, see text.
June 30, 1903). of which $4,109,000 was general mortgage 3^8 and
$159 000 gen. M. 4s. Daring 1900-01 $4,000,000 of the general 3^8
and $100,000 general 4s were sold. V. 71, p. Ij.29; V. 73, p. 563.
Average freight train-load in 1903-04 was 245 tons; rate per ton per
mile* O^lo.; In 1902-3 train-load, 244 tons; rate per ton per m. 0-865o
Earnings.— 11 mos., > 1904-5 .Gross, $45,643,489; net, $16,161,861
July 1 to May 31. \ 1903 4.|. Gross, 44,464,135; net, 15,356,004
Annual Report.—Flsoal year ends June 30. Annual meeting Is
held in September. Report for 1903 04 was given in V. 79, p 1021;
also editorial, p. 1304. In 1903-04, of 21,267,370 tons of freight oarrled, grain furnished 22 p. 0.; other agricultural produots, 2 p. 0.; coal
and ooke, 15 p. c; lumber, 8 p. 0.; other forest produots. 10 p. 0., and
miscellaneous, 43 p. 0.
1903-04
6,829
$9,661,633
35,081,759
3,586,942
Aver, miles operated June 30..
Passenger earnings
Freight earnings
Mall, express, Ao. f earns
1902-03.
6,647
$9,542,201
34,797.045
3,323.491
1901 02.
6,604
$8,918,966
33.516,812
3,177,346
$48,330 335 $47,662,737 $45,613,124
$7,219,136
$7,347,048
$5,128,249
Total earnings
Maintenance of way
Maint. oars and engines
3,893,834
16,829,796
1,470,187
1,105,000
Renewal account
3,363,596
14,881,635
1,400,161
2,475,000
"952,309
4,631,783
Transportation. gen. exp., etc.. 18,597,343
Taxes
1,600,732
857,367
707,575
Additions to property
Miscellaneous
1,190,907
$31,876,590 $31,598,174 $30,196,895
$16,453,745 $16,064,063 $15,416,229
434,315
510,031
316,431
Total expenses
Net earnings
Other lnoome
Total net income
$16,770,176
6,051,775
.$10,718,401
Interest on debt, etc
Balance for dividends
Div. on common
Div. on pref
$16,574,594
6,101,335
$1 0,473,259
$15,850,544
6,210,086
$9,640,458
(7)$4,072,841 (7)$4,072,873(7)84,072,873
(7 ) 3,368,379 (7) 3,349,388 ( 7) 3,259,403
Balance, surplus
$3,277,lsl
$3,050,998
$2,308,182
Street, New York;
Treasurer, F. G. Ranney,
Officers.— Chairman, Roswell MUler, 30 Broad
President, Albert J. Earling, Chioago;
Ohioago; Seoretary, E. W. Adams, Milwaukee.
Directors.— Roswell Miller, New York; A. J. Earling, Chicago; Frederick
Layton, Milwaukee: J. Ogden Armour, Chicago; Frank S. Bond, Joseph Milbank, William Rockefeller, Peter Ueddes, John A. Stewart, Samuel Spencer,
J»mw 11. Smith, Charles W. Harkness, Henry H. Hosiers. New Vork.
Executive Committee.— Roswell Miller, A. J. Earling, Peter Geddes, William
Rockefeller, Samuel Spencer.
New York Office—30 Broad 8t.— (V. 78, p. 1274; V. 79, p. 1021).
Chlcaso
Chicago
North. Pacific
&.
RR.—Ohioago Terminal Transfer RR.
North Western Ry.— (See Map.)—Operates an
Important system of roads uniting Chioago, 111., with Omaha, Neb., St.
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.
Road owned in fee—
38
Main lines, etc
7,294 Sundry trackage
St
—
Entire stock owned
Princeton
Western
A
St.
16
Paul Eastern Grand Trunk
(leased)
De Pue Ladd A East,
(leased)
Ac—A Vanderbllt
7,411
Total July 1, 1904
799
2d track
—
Large interest owned
Chioago St. Paul Minneapolis
& Omaha
1,676
line (V. 75, p. 1086) organized la 1859
Mo.
In July, 1884, the oapltal stook of the Fre aont Elkhorn
Valley was aoqulred, and In Feb., 1903, the road was absorbed.
Its seoui-ltles. except those held bv Chlo. A N. W.. are in table
above. V. 75, p. 514, 516 On June 30, 1901, purchased Sioux
Pacitio RR. V. 72, p. 721, 1236; V. 73, p. 444; V. 75. p. 446.)
City
In 1900-02 various proprietary roads were purchased. V. 71, p. 291,
294: V. 73, p. 294. 1010; V. 75, p. 446. In July. 1905. ext-nslon was
under construction from Cas.er, Wyo., to Poison Creek 100 miles.
History.
A
A
Capital Stock.—Of the common stock $2,338,413, and preferred
$3,835 remained in the oo's treasury In July, 1904. Pref. stock has a
prior right to 7 p. c; then oommon 7 p. 0.; then preferred 3 per cent;
then oommon 3 per oent; then both olasses share. In 1903 the
authorized oommon stock was Increased from $41,448,366 to $77,601.045 (making the entire stock $100,000,000). See General
Finances below. V. 75, p. 1085, 1146; V. 77. p. 516.
The consolidated sinking fund bonas of 1915 have voting power.
Div.— ( '85.
"86 to'93. '94.
'i>5.
'96 to'99. '00. '01. '02. '03. '(
04. 1905.
7'
7
4 5 yearly. 6 6
7
7
Com....}6»s 6 yearly. 3
yearly
3yea
Pref
7 yearly
(7 1*
extra; in
In 1902, on common, Jan., 3 p. o; July, 3 p. 0. and 1 p. 0.
1903, 7 p. c; 1904, 7 p. 0. On pf., Jan.,
p. 0.; April, 1% p. c, July,
1* p. o. and 1 p. c. extra; Oct., 2 p. c; in 1903. 8 p. 0. (paid Q. J.); 1904,
8 p. c. (paid Q.J.). The extra dividends of 1 p c. eaoh on the stooke In
July, 1902, increased the rate for the flsoal year 1901-2 to 7 and 8 p. 0.
on the oommon and pref. stocks, respectively. V. 74, p. 1194.
'
<
W
'
—F
July,
RAILWAY STOCKS AND BONDS.
1905.]
RAILROADS.
Date
Miles
Size, or
of
of
Par
For explanation of column headings, &o., see notes
Road. Bonds Value.
on first page of tables.
Chicago A North Western— (Continued) —
Menominee River 1st M., two series (assumed).
Mil. A Mad. 1st M-, Mil. to Madison (assumed) Fo*
Ohloago & Toman 1st mort., guar, (assumed). F )
. F $
Chicago Milwaukee & N. W. construe do
Des Molnes&Mlnn.lst M.,Des M.toJewell Jc.F&o.
Ottum.C.F.&St.P.lstM. ($25,000 p.m.), gu.Un.o*
No. 111. 1st M. ($20,000 p. mile), assumed. Un.o*
Mil. L. Sh. & W., Consol. M. (now 1st) gOid.Ce.o*
Mich. Dlv. 1st mort. (for $3,000,000), g..Ce.o'
Ce.o
Ashland Division 1st mortgage, gold
Deben. (see text) sec. by mort of '89, g...Ce.o"
Ext»<& Imp.M.for $5.000,000,g., s.f. not dr.Ce.O*
r
Income bonds (not cum.); no ooupons'
Marsh. Ex. 1 st M.$600,000 ($15 ,000 p. m.) U n. o*
.
O.AN.W.s.f.bdsof79($15,000p.m.)r'd.atl05.Fc4r
o*&r
Sinking fund debentures. 1933
o*<fcr
25-year debentures.
o*<fcr
Chicago & No. W 30-year deb .Cn
Exten. 4s. $20,000,000 ($20,000 p. m.).Un.o&r
Gen'l gold bond, mort., $165,000,OOO.Us..o*&r
Branch Line Bonds Asiumcd.
Boyer Val. Ry., 1st M., ,.-., $16,000 per m.F.c*&r
Minn. & la. Ry., 1st M., g., $16,000 per m.F.o*<fcr
In
Cn
31 76-'80
82 1880
90
119
26
56
105
1898
1899
1899
1900
1901
1901
1901
1900
1900
1883
85
Peoria & Northw 1st M., $2,125,000. g.F...cfer
Sioux City & Pac, 1st M., g., $4,000,000. F...c*r 125
33
Minn. & So. Dakota, IstM., gold, $528,000. F..0*
Iowa Minnesota & Northwestern 1st M., g. F o*<fcr 195
Frem. Elk. & M. V. cons. M. $25,000 p. m., assumed 1,170
,
&
l.OOO&c
l.OOO&c
$131,645,000 were reserved to retire underlying bonds, and remainder
for additions and Improvements, $4,000,000 at once and $1,000,000
a year thereafter. V. 65, p. 1070. V. 65, p. 69. Ill, 571 V.75, p.980.
The sinking fund bonds of 1879 are secured by deposit in trust
of $15,000,000 of 1st mortgage bonds at $15,000 per mile on subsidiary lines, the most important being described in Supplement of
May, 1894. Of the sinking fund bonds of 1879 $5,686,000 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 to the figure in table.
The sinking fund debentures of 1933 have a sinking fund of $200,000
per year, if they oan be redeemed at 105. See description of all the
debentures on page 2, Supplement of April, 1895.
The extension 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 July 1, 1904, were $10,675,000 Fremont Elk Horn & Mo.
Valley lsts and $2,560,000 lsts Wyoming Central lsts [consolidated
with F. E. & M. V.], etc. See P. E. <k M. V. bonds below.
The Fremont Elkhorn <& Missouri Valley consols have a first lien on
1,170 miles (Fremont. Neb., to Deadwood, D. T., 557 miles, and
branches to Hastings, Albion, &c, 613 miles), but besides the amount
of issue given as outstanding in the table $10,675,000 (along with
$2,560,000 Wyoming Central firsts, A. F. E. & M. V. issue) are held as
part collateral for Chicago & North Western extension bonds of 1886.
;
In Feb., 1903, subscribed for $9.-
226,110 and in July, 19^5. for $10,609,200 new common stock at par,
raising the amount to $58,949,900.
Earnings.— For 11 mos. end. May 31: Gross, $50,700,457 in 1904 5,
against $48,954,075 In 1903-4. Rrport for calendar year, V.80, p. 567.
Net.
Charges [net). Dividends
Bal sur.
Gross.
Tear
1904 $53,705,091 $16,667,889 $6,704,788 $5,174,924 $4,788,177
17,514,023
6,198,292
5,174,742 6,140,989
1903.. 54,396,248
Annual Report.— Fiscal year changed to end June 30. The annual
meeting le held the third Thursday in October. The report for 1903-04
was given at length in V. 78, p. 965, 970. Fremont Elkhorn & Mo. Valley, 1,372 miles, included from Feb. 16, 1903. See also edit., p. 934.
Of the freight carried In 1900-1 (total 25,527,575 tons), ores furnished 23 per cent; lumber and logs, 15 per cent; grain, flour and mill
stufis, 13 per cent; other agricultural and dairy products, 3 per cent;
coal and coke. 15 per cent; metals and machinery, 5 per cent: stone,
sand, brick, etc., 5 per cent; live stock, 4 per cent; miscel., 17 p. o.
<— Tears end. June 30.->
Tears end. May 31.
1901
1904.
1903.
1902.
7,404
6,457
5,760
5,507
Average miles oper..
$13,027,708 $12,161,997 $10,886,139 $9,718,191
Passenger earns
37,254,539 35,811,008 33,436,892 31,864,945
Freight
2,015,451
3,052,337 2,6^6.137
2,321,091
Mall, express, &c...
Total earnings.. .$53,334,634 $50,639,142 $46,644,122 $43,098,587
Oper. exp. & taxes.. 37.227,109 33,851,672 30,005,643 27,229,998
$16,107,525 $16,787,470 $16,638,479 $15,868,589
Net earnings
Tear end.
Tears ending May 31.
.
,
—
.
.
.
30, 1904.
1902.
1903.
1901.
Total net receipts.. ..$17,596,760 $18,095,548 $18,058,159 $17,288,269
$7,971,518 $7,475,970 $7,248,638 $7,167,352
Interest on debt
225,500
299,630
230,316
234,695
Sinking fund, etc
Dlv. on common.. ...(7)3,383,324 (7)3,060,414 (7)2,737,868 (6)2,346,744
Dlv. on preferred.. .(8)1,791, 600 (8)1,791,600 (8)1,791,598(7)1,567,650
4,169,526
5,013,418
4,697,055
Real est., const., &c. 4,000.000
$224,818
$523,830 $1,348,305 $1,737,367
Balance, surplus....
The Fremont Elkhorn & Missouri Valley, included above from Feb.
16, 1903, earned for the year ending May 31, 1902, gross, $4,589,449;
net, $1,377,065; charges, $1,043,009; bal., sur., $334,056.
Officers.— President, Marvin Hughitt, Chicago; Vice-President and
Secretary, E. E. Osborn, 52 Wall St.. New York 2d Vice-President,
M. M. Kirkman, Chicago Treas. and Asst. Sec S. O. Howe, New York.
Directors— W. K. Vanderbtlt, F. W. Vanderbilt, H. McK. Twombly, Samuel
F. Barger, Chauncev M. Depew, James Stillman, James C. Fargo. Frank Work,
N.Y.; Marvin Hughitt, Byron L. Smith, Cyrus H. McCormick, Marshall Field,
;
;
,
Albert Keep, Chicago: H. C. Frick, Pittsburg, Pa.; David P. Kimball, Oliver
Ames, Boston; Zenas Crane. Dalton. Mass.
—(V. 79, p. 965. 970; V. 80, p. 221, 591, 1856; V. 81, p. 30.)
Chicago Feorla
St. Louis Ry.— Road.— Owns from Pekln
to Granite City, 111., 180 miles; Madison to Bridge June, 3 m.;
Havana to Jacksonville, 111., 42 m.; branch, Lookhaven to Grafton, 8 m.;
total owned, 233 m.; trackage, Pekln to Peoria, 10 m.; Granite City,
El., to Merchants' Junction, 3 m.; inSpringfleld, liflm.: Madison, 111.,
to St. Louis Station, 7*n miles; total, 255 miles.
Reorganization of Chicago Peoria & St. L. RR. and St L. Chic. & 8t
Paul Ry.. sold in foreclosure Jan. 8. 1900, per plan Id vol. 68, p. 722.
In 1904 a majority of the stock and income bonds was deposited
&
with a committee (Thomas Carmichael, 54 William St., Cha rman),
under the terms of an agreement expiring Aug. 1, l°0t>, providing for
the conversion of the Incomes into first preferred and present preferred into second preferred st ck and sale of the deposited securities
on certain conditions. V. 79. p. 2454.
Bonds.— Of the $2,000,000 prior lien 4*ss (City Trust Co. of N. Y.,
trustee), $350,000 are reserved for future extensions, improvements,
etc.
Stock,
common, $3,600,000;
7
J.
1,600,000
1,528,000
e 601,000
6
6
M.
M.
M.
pref., $3,750,000.
1,440,000
1,904,000
416,000
1,000 p
l.OOO&c N'neJuly'04
l.OOO&c nl, 940.000
l.OOO&o
2,125,000
l.OOO&c 03,926,000
1,000
528,000
l.OOO&c
3,900,000
1,000
7,725,000
North Western Ry.— (Concluded.)
June
Outstanding
323
Bmuts— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Payable
Whom.
Cent.
Dividend.
$560,000
1,000
Bonds.— General Mortgage.— See Abstract In V. 65, p. 1175.
The authorized issue is $165,000,000 (United States Trust Co., trustee)
General Finances.— Stockholders
Amount
152 J1880
$1882
57 1882
1,000
600,000
64 1884
1,000
1,600,000
76 1885
1,000
1,500,000
413 1881
1,000
5,000,000
82 1884
1,000
1,281,000
40 1885
1,000
1,000,000
693 1887
1,000
436,000
693 1889
1,000
4,148,000
1881
1,000
500,000
"40 1892
1,000
400.000
1,041 1879 1.000&0 12,320,000
1891 l.OOO&o
9,800,000
1884 l.OOO&o f 5,369,000
1891 l.OOO&c gT 9,819,000
1886 l.OOO&o hl7489,000
1897 l.OOO&o ml9965000
Mankato & New Ulm, 1st M., g., $4l6,OOO.F.o*<fer
Southern Iowa, 1st mort., $1,120,000, g.F c*<fer
Princeton & North., 1st M., $2,100,000, g.F..c&r
Chicago
)
.
6
7
F.
M.
M.
M.
5
5
f
t
5
I
5
g
g
g
s
-
J.
-
M.
-
-
F.
F.
M.
A.
A J.
& S.
& N.
& N.
& A.
& 8.
S.
& N.
J.
&
&
&
& O
& N
& N.
N.Y.,Co.'sOffloe,52 Wall
<fe
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
&6
A.
5
5
5
M.
M.
4
5
F15&A.
IT Coupo n Int.M.&N.;
A15AO
3iflg.
3iflg.
3iflg.
J.
J.
3i* g.
A.
3iflg.
M.
3»«g.
3^,n.
J.
3*2 g.
3ia g.
3ia g.
F.
J.
J.
6
A.
M.
A
&
&
&
&
&
&
&
&
&
D.
D.
O.
8.
J.
S.
A.
J.
J.
O.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
ao
1906
1905
Nov. 1, 1905
Nov. 1, 1905
Feb. 1, 1907
Moh. 1, 1909
Moh. 1, 1910
May 1, 1921
July 1, 1924
Moh. 1, 1925
Feb. 1, 1907
Feb. 1. 1929
May 1, 1911
Oot. 1, 1922
Oct. 1, 1929
May 1, 1933
Nov. 1. 1909
Apr. 15, 1921
Aug. 15, 1926
Nov. 1, 1987
July
1,
Sept. 1,
regis. Q.F,
do
do
do
do
do
do
do
do
do
do
Deo.
1,
1,
Oct. 1,
Sept. 1,
Jan. 1.
Moh. 1,
Aug. 1,
Jan. 1,
Jan. 1,
Oot. 1,
June
1923
1924
1929
1925
1926
1926
1936
1935
1935
1933
Report for year to June 30, 1903, in V. 78, p. 340. In 1903-4,
gross, $1,762 931; net, $93,. 00; other income $3,500; total deductions, $222,609; balance, deficit, $125,908. Pres., Charles E. Kim;
ball. New York; Seo'y and Asst. Treas.. H. W. Berger, Springfield. 111.
Treas. and Asst. Sec, C. M. Gleason, New York.— (V. 19, p. 2454
Chicago Rock Island
Pacific Railroad.— Incorporated In
company, per plan V. 75, p.
Railway The entire capital
stock ($145,000,000) is owned by the Rock Island (holding) Company.
Bonds.—The collateral trust 4 s of 1902 (authorized issue $75,000,000) are secured by a pledge with the trustee of an equal amount
of the stock of the C. R. I. & P. Railway as acquired. In July, 1904,
$69,557,400 of the $74,817,100 Railway stock had been acquired.
In 1905 $17,328,000 of an authorized issue of $18,500,000 collateral
trust 5s of 1913 had been issued with Rock Island Co. stook in payment for $28,884,800 of the $29,000,000 St. Louis & San Francisco
com. stock. V. 76, p. 1406. Report for year end.ng June 30, 1904,
was In V. 79, p. 1951, showing: Total income $5,578,497; expenses,
$26,263; int. on bonds, $3,495,1 1 3; divs. to Bock Island Co.,$l,475,000;
bal., sur. for year, $582,121.-(V. 76, p. 1191. 1247. 1406, 1951.)
Chicago Rock Island & Pacific Ry.— (See Map Rock Island Co.
pages 402 and 403. )— The system extends from Chicago, 111., via
Omaha, Neb., to Denver and Colorado Springs, Col., and via Kansas
A.
31, 1902, as an operating
239, to take over tha Chic. R. I. & Pac.
Iowa on July
New Mex., there
connecting with the lines
Coal Co. and forming with them and the
Southern Pacific a through line to the Paoitto coast; also from Tuoumcarl, N. M., to Memphis, Tenn., and to Fort Worth, Tex., on the south,
and on the north to Minneapolis, Minn, and Watertown, S. Dak., with
numerous branches, viz. (see V. 75, p. 1156; V. 76, p. 751
Miles
Miles.
Mileage leased
Mileage owned
Chic, 111., to Color. Sp'gs.Col.1,064 Des Moines & Fort Dodge
(surrendered Jan. 1,1905). 139
Davenport, la., to Terral.I.T. 710
162
Keokuk & Des Moines
1T
Herrlngton, Kan., to Tex47
323 Peoria & Bureau Valley
homa. O. T
ff
62
Burl'gt'n,Ia.toMln'ap.,Minn. 308 White & black River Val. V
Vinton, la., to Watert'n, S.D. 376 Little Rook & Hot Springs
23
Western
Branch lines
2,141
f
City, Mo., to Santa Rosa,
of the
New Mexico
Ry.
<fe
—
—
. .
4,922
Capital stock all owned
Choc Okla. & Gulf (leased).. U999
El Paso
112
Chic R. I.
385
Chic R. I. <fe Gulf
St. L. K. C. & Col. RR. and
Kan. City-R. I. Ry
284
—
&
433
Louis, Den422
ver, Pueblo, etc
.
142
Lines under construction
Trackage to
—
St.
Total mileage oper. & under
construc'n June 30, 1904.. 7,699
1,780
IT See these companies.
In July. If 05, branch from Little Rock, Ark., southeast to Crossett*
107 miles, was under construction under charter of Little Rook &
Southei n RR.
history.— A consolidation June 2, 1880. with $50,000,000 stook.
In July, 1904, $69,557,400 of the $74,818,100 oapital stock had been
deposited per plan V.75, p. 239, each $100 stock being exchanged for the
following secur it es: $100 in 100-year 4 p. 0. gold bonds of the Chic R.I.
& Pac Railroad (of Iowa) and $70 preferred and $100 common stook
of the "Rock Isl'd Company" (of New Jersey), which owns the entire
capitil stock of the Railroad company. See statements for those cos.
The Union Pacific Interests, jointly with the Ch. R. I. & Pac, control the Chicago & Alton Rv., the C. R. I. & P. owning $18,790,000
stock. V. 79, p. 1462, 2206; V. 80, p. 472.
In 1902 most of the stock of the Burlington Cedar Rapids & Nor. and
Rock Isl. & Peoria were acquired, and their roads leased from June 1
and subsequently deeded to the O. R. I. & P. V. 74, p. 1194, 1250.
Stock.— In July, 1901, stockholders subscribed to $10,000,000
additional stock, raising the amount to $60,000,000. See below. In
1902 the stock was increased to $74,836,100 by sale of $3,235,500
at par to shareholders, the issue of $3,720,100 to take up Burl. Ced. Rap.
& Nor. and Rook Island & Peoria minority stock and $2,000,000 to purchase the St. Louis Kan. City & Colorado Ry., and by sale of $880,500.
V. 74, p. 1194; V. 75, p. 28; V. 77, p. 1742.
1905.
Dividends ....)'94 '95 '96 '97 '98 '99 to '02. '03. '04.
S3ig 2
since '93. P.ot
2 2*3413 5 yearly. 713 814 To Apr., 4
In 1904, Jan., 1**; April, 3; July, 1%; Oct.,214.; 1905. Jan ,2; Aor.,2.
Special distributions to stockholders, including $l'63 per share
June 17, 1905, see V. 80, p. 2398
Bonds.— Of the general 4s of 1898, those unissued are available as
follows $25,900,000 at not over $1,000,000 per annum for permanent improvements and additions, including equipment, and $12,500,000 to retire the 1st 6s of 1917. Ban* ers' Trust Oo. of New York,
:
V
80, p. 472.
trustee. Mort. Abstract in V. 66, p. 522; V. 78, p. 228;
The collateral trust gold 4s of 1902 ($24,000,000 authorized) are
seoured by deposit of all the stook of the Choctaw Oklahoma & Gulf
RR. (see that company). V. 74, p. 775, 829, 936. 1356.
The refunding 4 p. c bonds of 1904 ($163,000,000 authorized
issue) are a first lien (either directly or ihrough pledge of the entire
issues of bonds of the companies owning the same) on terminal property in St. Paul, Minneapolis and St. Louis, new equipment, and shops
at Moline, 111., and on railway lines aggregating 1.14S miles; also a
junior lien subject to existing mortgages on all the other lines of the
system of the Railway company, aggregating, exclusive of leased lines
and trackage, 5,701 miles. See General Finances below, also Chron-
324
RAILWAY STOCKS AND BONDS.
I
Vol. lxxxi.
c
.
July,
:
RAILWAY STOCKS AND BONDS.
1905.]
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
Ac., see notes
Date
Size, or
of
Of
Par
Road. Bonds Value.
230
<e St.L.— Pr.llen M., g., call at lOT^.Tm.c*
230
Consol. M., $2,000,000, g., called at 105. Col.. 0*
230
Inoome M., g. (text) non-cum called at par
Oh. R.I.dkPac. RR.— Col.t.M.,$75,000,OOO.Ce.o*Ar
0*
Col. tr. M., *18,500,000, g., red. 102»*.Ce
Chic. Rook laid, dt -Pacify.— Stock ($75,000,000)
764
1st M. Chic. 111. to Council Bluffs & br'ches. Use*
c*Ar 3,165
General mortgage, $100,000,000, gold
Col. tr. M..g., See. I) to P, duevrly.red.lOHfi.Ce.c*
Ref. M.. $163,000,000, g., red 105 to 'll.Ce.c*<fer Text.
Notes pec. by $11,250,000 ref. bonds, red. at 102
Chic
R. I Elev. M., g., gu. p. A 1., red. par.. 0*
Consol. Ind. Coal lut M.. g ,lnt. gu. red 110 s f.G
Chicago St. Louis <6 New Orleans— See III. Centh AL.
1900 $1,000
1900
1,000
1900
1.000
1902 l.OOO&c
1903
1,000
100
1877 1,000 Ac
1898 1, 000 Ac
1902
1.000
19'>4 l.OOOAo
1904
1904
1,000
11' 05
Chic. Peo.
EC
,
,
,
;
,
&
—
A
St. Paul Minn.
Omalta Com. stook..
Pref. stock, non-cum., Including sorip (see text).
St. Paul Stillwater A Taylors* Falls 1st mort. ...c
Hud. & River Falls lstM.,Hud8onto River Falls.
Ch.St. P. A Minn. 1st M.,g.,Elroy toL. St.C. ass'd.o*
St. P. & Sioux City, 1st M., g.. $10,OOOp.m..Ce.o
Chicago
100
100
21
12
177
607
80
37
1878 500 Ac.
1878 500 Ac.
1878 500 Ac.
1879
1,000
1880
1,000
1890
1,000
1880
1,000
1880
1,000
1903
1,000
1899
Amount
Outstanding
325
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Payable
Whom.
Cent.
4 1ag.
$1,650,000
5 g.
2,000,000
2,000,000 Up to 5 p
69,929,000
17.328,000
5 g.
See text.
74,^42,6
6
12.500,000
61,581,000
4g.
19,422,000
4g.
32,55^,000
4 *
7,500.000
1,000,000
5 K.
2,500,000
5 gs
M.
J.
A
&
&
S.
J.
er oent
M.
N.
M. A 3.
Quar.
J.
J.
M.
A.
J.
A.
J.
A
A
&
A
A
A
&
J.
J.
N.
O.
J.
O.
D.
18,558,953 See text. F.
11,259,911 7 In 1904 F.
J.
334,800
7
J.
125,000
8
M.
1,816,000
5 g A.
6,070,000
g
J.
654,000
i
M.
350,000
5
J.
14,743,000
6
J.
2.474,000
3»fl
17,000,000
5g. J.
4 g. A. A O.
665,000
4
1,335,000
5 g- J. A D,
394,000
M. A N.
650,000
5
4 g- J. A J.
15,140,000
6
5,000,000
Q -J.
M.
9,250.667
6 g.
A J.
12,250,000
*g-
N. Y. office,
Honors— f rinulDue.
by Stocks— Last
Dividend.
pal, When
52 William, Mch
1930
1930
1930
N. Y., First Nat. Bk.
1, 2002
do
do
Sept. 1, 1913
N. Y., office 71 B'way. Apr. 1,'05,2%
N. Y., First Nat. Bk.
July 1, 1917
do
do
Jan. 1, 1988
do
May, 1906-18
do
do
Apr. 1, 1934
do
N. Y., First Nat. Bank. July 1, 1907
IstTr. ASav. Bk.,Chlc. Oct. 1, 1924
June 1, 1935
do
do
July
July
Nov.
when earned.
Office, 52 Wall St.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N.Y.,l8tNatBk.AChlc.
N.Y.,
1,
1,
1,
Feb. 20/05 3^
Feb.20'05,3ifl
Jan. 1, 1908
July
May
1, 1908
1, 1918
1, 1919
1, 1930
1, 1915
1, 1930
1, 1J 30
1. 1928
Apr.
No.Wis.lstM. LakeSt.C.ton'rSpoonerass'd.Ce.o"
Jan.
Nov.
SaultSte. Marie & Southwest'n 1st M., assumed.
June
C.8t.P.M.AO.M.,$30,000,000 ($15,000 p.m)Ce.C
consols interest reduced
June
do
do
Oh. 8ub.-m.T. 1st M., $30,000,000, g.red.105. EC
Dee.
27
Chic. Dock M assumed, red. 105 (V 68, p. 333).
1929
North. Tr. Co., Chicago.
Notes see bv 2d M.Chic. Dock, due $333,750 y'lv
July 1, '06'09
Ohxc. Term'l tr. RR.—Ch.& Gt.W.lst M.. g.,ass'd.o*
N. Y., Mercantile Trust. June 1, 1938
1886
1,000
City of Chicago purchase money mort., assumed
May 1, 1938
To City of Chicago.
CMo.Term.Transf.l8tM.,g.,$16,50O,0O0lJs.o*&r
July 1, 1947
91 1897
See text.
i'.ooo
Chicago <t Western Indiana— Stook (see text)
Julyl,'05.1^
Chioago.
100
"48 82-92
General M., gold, sink, fund, subj. to call 105.. e*
N. Y., J.P.Morgan A Co. Deo. 1, 1932
1,000
gold IC.
.0*
Consol. mortgage, $50,000,000,
Ill.Tr. AS. Bk.Chic.&NY July 1, 1952
1902
1.000
Chicago <C West Michigan— See Pfrk Marq. RR.
In addition sinking fund July 1, 1901, held, a, $58,ooo b, *1?2,500; c, $150,500: «t, $135,000; «, $149,000; f., $521,000 (and $10,000 on
hand); g., $181,000; h, $1,143,000; k. $202.500:
$694,000; » $160,000; o $74,000; p All In a. f.: f Coupon Interest M, AN.; reg. Q.— F.
,
,
-
—
m
;
ICLB of Jan 28, 1905, and full statement in V. 78, p. 228, 234; V.
79, p 1716. 2206. They are issued and issuable as follows
Issuable forthwith (oompare "General Finances" below. .($15,000,000
Issued or Issuable to an amount equal to the value of bonds
so issued, to acquire property, including stoobs and bonds 25,000,000
Reserved to retire at or before maturity all bonds of the
ra%lway system falling due within the next 30 years
(none of such underlying bonds to be extended), also
to acquire $25,900,000 general 4a of 1898, Issuable for
Improvements,
viz.:
Chicago Rock Island
&
after to be issued,
(a)
(b)
BONDS TO BK TAKEN
Pacific
Ry Ken. mort,
tTP.
4 s,
here-
viz.:
To rei ire at maturity first 6s of 1017
112,500,000
At Dot exceed ng $l,u00,000 per year for additions
1
and Improvements
95,900,000
Burlington Cedar Kaoids A Northern Ry. Co. oons. 6s
hereafter to be issued to retire
(a) B. C. R. & N. Re. first mortgage 5s of 1906.
(J. 500 000
(b) Cedar Rapids Iowa Falls AN. ist mort. 6s of 1921
1,906,000
Choctaw Oklaboma A Gulf RR. (see that Co.) consol.
6s, hereafter to be Issued to retire $5,500,000 C. O.
AG. RR general mortgage 5s of 1919
5,500,000
Chicago Rock Island A Pac. Ry. gold 4s of 1908 (Choctaw
Oklaboma A Gulf stock collateral)....
22,410,000
Six per cent note* of 1905 of D. R. Francis and John
8cullin (J',25',000 each) [paid Jan. 1, l»0f>]
.,
4,500,000
Rock Island & Peoria Ry. 1:0. c ncol. mort. 6s of 1925.
450,000
Choctaw oklaha. & Gulf RR. equip, trust certificates.. . 2,360,000
82,025,000
Reserved to provide 75 p. 0. of purchase prioe of securities
of other companies hereafter acquired
13,500.000
Reserved to be Issued at not over $2,P 00,000 yearly from
Jan. 1, 1M04, for fu'ure improvements and equipment .. 27,475,000
As toOiio R. I. & Pac. Elevator mortgage, see V. 79, p. 2590.
As to Consolidated Indiana Coal 5e, interest guaranteed, see V. 80,
p. 2401,2623.
Genfral Finances.- In Dec, 1904, $33,904,000 first arid refunding
48 had been issued, of which $25,553,000 were sold to pay for capital
expenditures theretofore made, including purchase o' $18,790,000
Chicago A Aiton stock and f r obligations maturing in 1905. In Jan
1905. the issuance of bonds under sections 2 and 3 of article 1 of said
mortgage was warranted to a total of $40,000,000 (Including a part
of the $3^,901,000 Just mentioned), by expenditures aggregating
.
made since Jan 1, 1901, viz.:
Aoaulsiti' n. construction and completion of 1148 miles
or new railroad, on which they are a first lien
$32,528,548
Shops at Moline, 111,
1,763,749
$46,271,939
at
Minneapolis and
St.
Newequlpment
Compare V. 80, p.
Paul
980,986
10,99*. H56
In April, 1905, *7,000,
472, and V. 79, p. 2206.
000 additional was sold, of which $3 846,' 00 for improvements and
balance aocount redemption of Soollin and Frauds notes. V. 80, u
1423.
Latest
Earns— 11
1904-5 Gror s, $40,289,096; net, $10,526,921
July 1 to May 31.
41,575,874; net. 10,934,1 37
5 1903-4.Gross,
For 8 mos ending Feb. 28, 1905, net, $9,248,671; other Income,
$819,522; int., taxes, etc., $6,574,994; dividends, $3,179,972; bal.,
but., $113,22^.
Report. -Report 1903 4 V. 79, p. 1700, 1716,1951; see also editorial.
Tear ending June 30 1903-04.
1902-03.
Miles operated
7,205
«,978
Passenger earnings
$11,697,033
$11,490544
Freight earnings
31,167 006
30,917,281
Mall, express, rentals, eto
1.968.7H5
2,105,452
mos.
J
Gross earnings
Net earnings
Other inoome
$44,^69,491
13,194,598
1,333,833
Interest
and rentals
Dividends
$44,376620
$14,528,431
$1,437,578
7,062,655
(8%)5,985,060
Total income
Taxes
$17,988 942
$1,319,300
16.31 ',455
1,671,487
7,096,731
4,680,766
Balanoe
$4.°92,145
$43,138
Officers.- Chairman of Board, D. G. Reid; President, B. L. Wincheli:
Chairman of Exec Com., Vice Pre*, and Gen. Counsel. Robt. Mather;
2nd Vice Pr< s. and Gen. Mtrr H. U. Mudge: Sec. and Treas .George
H. Crosby. N. Y. office, 71 Broadway— (V. 80, p. 2398, 2620.)
,
&
;
DIVS.—
)
Com.,%£
'91 '92 '93 to '96 '97 '98 '99 '00
..
None.
..
Pref ,%) 4 6*3
22 3^5
7 per ann.
'01
'«3 '04 1905
6
6 Feb.,31*
> Feb.,3i«
'02
5
8
(3VJ
F&A.)
1st m. guar. 7s
due Jan. 1, 1909; $1,500,000 Superior Short Line Ry. bonds are owned.
North Wisconsin
Chioago St. Paul A Minneapolis 1st 6s, due 1918, and
1st 6s, due 1930, are exchangeable at option of holder at any time,
dollar for dollar, for consol. 6s of 1880, due 1930. V. 68, p. 521.
In
Bonds.—There are $75,000 Minneapolis Eastern
1903. sold $2,000,000 3s> p.o. consola. V.76, p. 653, 704; V. 77,p.2389.
Latest Earnings.— From July 1 to May 31 (11 months), gross,
$10,936,050 in 1904 05; $10,5*6,591 in 1903-04.
Report.— Year now ends June 30. For 6 mos. ending June 30, 1904,
$4,980,037; net over taxes, $1,421,344; Interest and rentals, $806,933; olv. on com. stock (3 p c), $556,665; div. on pref. (3*3 p. c>,
$393,988; bal def., $336,242. Report for 1903, V. 78, p. 1443.
1902.
1901.
1903,
Tear ending Dec. 31—
Gross earnings
$12,055,271 $11,907,525 $11,196,104
7,014,270
7,726.662
7,483.253
Operat'g expenses and taxes.
Net earnings
$4,424,272
$4,182,134
$4,328,609
Net rentals pafd
121,283
111,876
109,785
Net int.on debt (less other inc.) 1,455,600
1,343,097
1,394,059
Div. on pref. stock
(7)787,976
(7)787,976
(7)787,976
Div. on com stock
(5)927,750
(6)1,113,315
(6)1,113.300
600,000
500,000
600,000
Appropriation forimp'ts
8urplus of RR. Co
$350,435
$417,061
$413,526
Net rom land sales
$118 046
$123,656
$110,906
-(V. 77, p. 2369; V. 78, p. 1443; V. 79, p. 1955; V. 80, p. 221, 650.)
Chltaj»o Snfowav Co.— Incorporated in New Jersev on Nov. 21,
1 904.
Has acquired over 98 per cent of the $30,000,r»00 Illinois Tunnel Co. stock, which has completed 25 miles of narrow gauge electric
tunnel railroad tor the transfer of freight from the various railroad
terminals to the down-town business district and proposes to develop
and extend the system. Controlled by interests identified with the
leading railroads entering Chicago. Also owns entire stock of Illinois Te'ephone Construction Co., the Tunnel Co operating over 8,000
telephones, to be increased to 10,OoO; also own* entire stock
( hica<o
Waiehouse A Terminal Co. V. 79, p. 2794, 2588, 2455,
^'.78, p. 820; V.80, p.l'-3, 600. Gov't mail contract, V.80,p 1110.
50
Stock authorized, $50,000,000, of which $10,000,000 to remain in
the treasure; par of shares, $100. Bonds, see table above. V. 80, p.
li 3.
Director s of Illinois Tunnel Co. now Include the Presidents of
the St. Paul, Atchison. Rock Island, Alton, Erie, C. B. A Q., Union
Pacific, etc. V, 79, p. 2796. Pres., A. G. Wheeler. (V. 81, p. 263.)
Propkrtt.— Consists of
Chicago Terminal Transfer
passenger and freight terminals In city of Chioago, lines of railway leading thereto, and a belt line around the city. Company
owns 760 acres of land In and adjacent to the city, of which 50 acres
are In the centre of the business district; also Includes 7,500 feet of
dock property on Chioago River. Nearly all land, including that upon
whioh tracks have been built, is owned in fee. Track owned, *4 miles;
leases from Chicago Junction Ry., 10 miles; trackage, 7 m'les; total,
101 miles: d track, 52 m.; sidings, 114 m.; total all tracks. 268 miles.
History.— A reorganization in June, 1897, of Chioago <fe Northern
Pacific and Chic. ACalumetTerm., plan V. 64, p. M»8, 898. In July,
1905. it was nimore control would pass to one or more of the large
systems. V. 81, p. 154.
Reorganization, a committee (Henry W. De Forest, Chairman),
representing the holders of large amounts of stocks a'id bonds, will
prep:-ne a plan of r organization. Guaranty Trust of N. Y. offered to
purchase Jan., 1905, coupons on the general 4s; the July, 1905, interest was riot paid wheu due. V. 80, p. 116; V. Hi, p. 154.
Hallgarten A Co. of New York requested bon >holders to communicate wita them before taking steps. V. 80, p 221.
Tenants.— Bait. & Ohio, Chicago Great Western, Chicago Junction,
Pere Marquette (the last named since Dec. 1903). See V. 77, p. 948,
<;158; V. 79, p. 90
Minimum rentals receivable from tenants amount
to $513,5 n annually. See V. 79. p. 2084.
Securities.— Stocfc—$13,000,000 common and $17,000,000 4 p. e.
non-cum. pref. Of the $16,500,000 1st 4s, $1,300,000 are reserved
to retire assumed bonds. V. 79, p. 901.
Latest Earns.- 11 mos. ) 1904-5. Gross, $1,399,88?; net, $514,877
July 1 to May 31
1,440,107; net, 458,632
5 1903-4.. Gross,
Report. -Report for year ending June 30, 1904, given in V. 79, p.
900 shows, gross, $1,570,765; net, after deduoting taxes, $427,469;
Interest, $629,400
bal., def.. $201,941.
Sec and Asst.
Pres. and Gen. Mgr., J. N. Faithorn, Chicago, 111.
New directors Oct..
Treas.. W. T. Wisner 2d, 30 Broad St.. N Y
162 221; V. 81, p. 154.)
1904, V. 79. p. 1641, 2084.— (V. 80, p. 116,
Chicago Union Transfer Ry.— V. 72, p. 872; V 73, p. 1207.
Owns a valuable terminal
Chicago A Western Indiana
system of roads affording entrance into Chioago to the roads named
,
.
Terminals
Stock.—Authorized common, $21,403,293 preferred, $12,646,833,
Held by the company June 30, 1904, common stock and scrip, $2,844,340 preferred stock and sorip, $1,886,921. Preferred stock has a prior
right to non-cumulative dividend of 7 percent; but common is never
to receive more than is paid on preferred.
Chit-ago St. Paul Minneapolis
Omaiia Hj.—(See Map Chi
eago dt North Western.)— Road.— Elroy, Wis., to Omaha, Neb., 593 miles
other lines, 1,0*3 m.; total, July 1, 1904, 1,676 m., of whiob 1 ,607 are
owned and 69 miles leased. V. 69, p. 1147. In Oct., 1904, purchased
Chippewa Valley A N. W. Ry., which was incorporated to oou struct a
line from Rioe Lake, Wis., northeast about 100 miles, of which 36
miles operated in Jan., 1904, and Eau Claire Chippewa Falls & N. E.
Ry., of which 49 m. Chippewa Falls, Wis., to Yellow River, operated
History.—This was a consolidation July. 1 880, or the Chicago St.
Paul A Minneapolis, the North Wisconsin ana the St. Paul A Sioux Cltv.
In November, 1883, Chicago A North Western Ry. purchased control, viz., $9,320,000 common and $5,380,000 preferred.
:
RR.—
-
1
•
.
;
;
RR.—
326
RAILWAY STOCKS AND BONDS.
Vol. lxxxi.
July,
1905.
j
RAILWAY STOCKS AND BONDS.
327
.
:
RAILWAY STOCKS AND BONDS.
328
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
<fec,
see notes
Date
Size, or
Amount
Par
of
of
Road. Bonds Value. Outstanding
A Minnesota— See Wisconsin C ENTR AL.
125 1899
1st M., $2,000,000, g.Ma..
Choctaw <& Memphis—See Choc. Oklah. & Gulf.
Choc. Oklah. c6 Gulf RR.— See Rock Island Co.
1903
Cm. BluMon <k Ohtc— 1st M. $1,500,000. g
....
Oin. Dnyton & Ironf.on—'Aee Cin. Ham. A Dayton.
92 1903
Gin. Find. <£ Ft W.— 1st M., g.. guar., end. red.N.c*
Oin. Ham. <& Dayton— Com. stock
o*
[Vol. lxxxi.
Honas— r tlu oiINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Stocks—Last
Cent.
Wb
10m.
Payable
Dividend.
Chicago Wisconsin
Chihuahua
<t
1,000
Consol. mort. (now 1st) $ A *, sink. fund... Us.
c*
Second mortgage, gold
Me.o*
General mortgage, $7,800,000, gold
Cm. Dayton & Chicago, 1st mortgage
Cin. Day. A Iron., 1st M., g.,gu. (assumed).. Ce.c"
Refunding mort., $25,000,000, t>old.U»m...c*&r
60
69
60
95
164
mmm
,
52
148
See text.
Bg. M. A S N.
Y., Tit.
1,150,000
4 g. M. * N. NY.,
8,0(0,0(0 See text. Text.
1875
2,-^95,000
1887
l.oOO
2,000,000
1892
1,000
3,000,000
1892
1,000
1,200,000
1891
1.000
3,500,000
1904 1,000 Ac
8,500,000
1905
See text.
1904
1,000
3,500,000
1905
1,000 15,000,000
1905
1,000
1 .080,000
1881
1,000
2,728,000
1,000
1,000
1,000
100
—
lstcon.M.$l,50O,O0Og.gu.p.Ai.en.(V.75,D.1398)c*
Y., Off.,
100
1,000
A
Oin.aMus.V— lstM^OOO.OOO.g.gu.p.&i.end.Fo*
5g. M. & N. N.
1,000
mort., $50,000,000 authorized re
tw
Joint M. (collat. Chic. Cin. & L. stock) ted.AR..
Ce
uold collateral notes, subj to call at 101
Car trusts, g., $^4 000 due s. a., beg. Oot.,'06.Ce.o . . •
Dayton & Michigan, 1st mort., guar. p. <ft i. end.c 142
Oin. <& Ina WesUrn— See Chicago Cin. & Louisv.
Oin. Ind.d We*t— Ind. Dec. AS not guar.. Ce
5 1895
W. 1st M. g., red. at 110 . I guar. p. A 1. (end.)c, $269 *1895
381 1903
ref M.,$8,200,000g..gu.,p.&i.enra.
C.I. AW. 1st
Oin. Intr-Terminal RR.— 1st pref. stock (see text) Text.
<t Northern
let mortgage, o
38 1886
Oincinnati Lebanon
New.
$2,000,000
1,000
Pacific
1,000
1,000
1,000
1902
1898
below. Its lines extend from Dearborn Station, Polk Street, Chloago,
to Dolton, 17 miles, also to Indiana State Line, 10 miles, to
Cragin. 1 6 miles, and to South Chicago, 5 miles ; total, 48 miles; total
track, Including 2d, 3d, 4th tracks and sidings, 260 miles also owns
about 1 ,000 acres of real estate, passenger and freight yds., warehouses,
•levators, etc. The Belt Ry. of Chicago leases and operates 82 miles of
the 260 miles owned by the Ch. & W. I., its securities being all held by
the companies leasing the Chicago A W. I.; see V. 60, p. 1058
Leases.—This company's road and terminals are leased under perpetual oontracts to the Wabash, the Grand Trunk West., the Chloago 6
Eastern Illinois, the Chicago A Erie and the Chicago Indianapolis A
Louisville, each of which five companies owns $1,000,000 stock. They
are also leased to the Atchison, the Elgin Joliet A Eastern and the Belt
Railway. The annual rentals must always exceed by at least 20 per
cent the Interest on the bonds outstanding. V. 78, p. 819.
Drv8.— ) '92-94. *95. '96. '97. '98 '99. '00. '01. '02. '03. '04.
1905.
6 To July .4 *s
Per oent. 5 6 y'rly. 7^
Bonds.— The general mortgage bonds are drawn at 1 05 and Interest in such annual amounts as will retire the debt by maturity.
Oftheoonsol. 4s of 1902 (authorized issue $50,000,000) $7,132,000
has been sold on account of track elevation and other Improvements,
$5,0*0,000 additional were used to refund bends oanoeled by operation of the sinking fund, $9,319,000 are reserved to retire underlying bonds and $28,499,000 for future additions equal to at least
the par value of the bonds Issued. V. 75, p. 732, 906.
Annual Report— Fiscal year ends Deo. 31. Report for 1904 was In
V. 80, p. 26 9, showing gross Income, $1,434,002; laterest, etc.. $1,112,612; divs., $300,000; bal., sur„ $21,390— (V. 80, p. 2215), 2619.)
;
66
6666
66
Pacific RR.—.Completed Apr., 1900,frora Chihua
hua, Mexico, to Minaca, 125 miles. Extension from Elcarpio Jot. to
Temosachlc, Mex., 55 miles, was oompleted July, 1905 See Kansas
City Mex co & Orient statement and V. 71, p. 181. Stock is $2,500,000;
par of shares, $100. Bonds, see table abo ve.— V. 79, p. 902.)
Ch lb n all n a
6c
(
Choctaw Oklahoma
Road Owned—
Golf Kit.— (See Map
6c
of Rock Island.)
Branches to mines
27
Leased—
White & Black River Valley,
Brinkley to J'kson port. Ark
62
Miles.
Hopefleld, Ark., via 8avre,
O.T., to Tex. State line
Haileyville, I. T..to Ardmore.
648
118
25
Tecumseh,O.T.,to Asher.O.T.
Geary, O. T., to Alva and
Anthony. Kan
137
Hot 8prlngs, Ark.,
and Malvern
to
Benton
&
Hot Spr. West.,
to near Little Rook
Trackage
23
4
Benton
Haileyville to Wilberton
Stock.-
Little R.
39
22
Total
1,105
|
Common
stock, $9,827,500; pref., 5 p. o. cum.. $6,000,000,
all owned by tbe Cblo. Rock Island A Pacific Ry., which in 1904 leased
the road for 999 years from Mar 24, 1904, the rental covering Interest
on bonds. Dividends paid to Deo. 31, 1903, see Supp. of Jan., l9o4.
See V. 74, p. 775, and also p. 829,986, 1354; V. 78, p. 401.
Bonds.—The consol. mortgage of 1902 is for the authorized amount
of $1,000,000 on the coal properties and $15,000 per mile for each
mile of railroad now owned or hereafter constructed, an amount
equal to the outstanding gen. and O. A M. 5s being reserved to retire
the same. Full data in V. 77, p. 23 !> 6. Chic. R. I
Pao. Ry. 4 s of
1904 are reserved to take up consols of 1902 Issuable to retire $5,500,00o general 5s and also car trusts. V. 78, p. 234. Little Rock Bridge
6s are subject to oall at 105 for sinking fund of $20,000 yearly. V. 71,
p. 602. Car trusts, see table above; V. 73, p. 1312, 1356; V 74, p. 727.
Report.— Bal anoe sheet, etc., In V. 77, p. 2336. Year end June 30.
Gross.
Tear—
Net.
Other inc. Charges.
Ba'. sur.
A
1902-03.... $R,25 1,658 $2,120,951 $19,983 $1,101,859 $1,039,275
Report for 1900-01 In V. 74, p. 149, 203, 212.— (V. 78, p. 988, 2598.)
RR.—
Cincinnati RlnflTton 6c Chicago
Projected from Huntington to Union City, Ind., 70 miles, of whloh Bluffton to Portland,
29 miles, completed. In July, 1904, William 8. Fleming was appointed
receiver; liabilities were stated as about $900,000, mostly stcun d by
$750,000 bonds held as collateral. V. 79, p. 268, 626. In July, 1905,
ordered; no plan of reorganization had been formulated Htock,
sa e
$1,125,000, all of one class. Issuable at $15,000per Tile; par of shares
$100 each. Bonds, see table above. Pres., S. H. Bracey. Sec, Charles
Blackburn; Treas., John Traise. Office, 616 Tribune Building, Chicago, H1.-(V. 78, p. 1167; V. 79, p. 268, 626; V. SI, p. 31.)
wm
Cincinnati FIndlay 6c Fort
326, .?97j-Owns FIndlay, O.,
Wayne Ry.— (See Maps,
pages
Fort Wayne, Ind., mo uiues;
also connecting llr.k with the Cin. Bam. A D. from Delphos to Clovermiles, completed Oot. 15, 1904, V. 77, p. 88, 694. Leased
dale, 12
to Cincinnati Hamilton A Dayton for 99 years from Nov. 1. 1903, with
privilege of renewal for like periods forever. V. 78, p. 286. Stock,
$1,250,000, all owned by the Cin. Ham. A Dayton, which guarantees
bonds, principal and Interest Mortgage Is limited by spe> ial agree
mentto $1,150,000, or about $12,500 per mile. Bonds are subject to
oall at 102'u and interest. V. 78, p. 286, 342, 701. Form of guaranty,
V. 78, p. 701. For 3 mos ending Sept. 30, 1904, gross $44,820; net
int. and taxei, $12,685; bal., sur., $3,513.— (V.79, p. 2696.)
$16,198
to
;
Cin. Georget.
6c
Portsmouth RR.— See Street Railway Sup.
7,6,5
A.
4*sg. J.
5
g.
J.
4
A.
5
M.
4
«•
£•
_
4»* g.
4g.
J.
J.
J.
4»2 g.
M.
4*
A.
g.
5
J.
A
A
A
A
A
&
A
A
A
&
F. &
J. A
M. A
F. A
2,229,000
933,000
4,672,000
650,000
200,000
1,291,000
1,600,000
& Tr.
Co.
No Am. Trust Co
<"Sneinnat.i.
H.BHolllnsACo
J.
do
do
do
do
May
1,
1949
Sept. 1,
1933
Nov. 1, 1923
Dec.24,'03,2%
Oct. 1, 190&
.io
Jan. 1, 1937
do
do
do
June
O.
N.
Am.
J.
1.
1,
1,
1,
1,
1,
1,
1942
1948
Jan.
Jan.
Jan.
1,
1,
1,
1935
1935
1953
cen.Tr.&S.D.Co. Jan.
do
do
Nov.
A Tr. Co. Aug.
D.
1,
1,
1,
1916
1942
1948
L.
&
do
do
J.
J.
8.
Apr.
May
1941
1954
1955
1914
Sept.
1908
ToApr.1,1916
Jan. 1, 1911
Tr Co Bost July
do
Jan.
do
July
,
New York.
New York,
O.
do
J.
J.
J.
J.
''Incfnnatl
Gu.
O. N.Y.,
A
A
A
A
80 Br'dway.
N. Y., Central Trust Co.
J.
J.
J.
do
do
N. Y.. Kessler A Co.
Cincinnati.
A.
J. Cinn.,
N.
A. N.Y., Farm. L.
Hamilton
326 and 327.)—The system
Ky.-- (Sec Maps, pages
(Dayton
6c
so displayed inclu les
Road owned— (H See this Oo.)Miles.
Cincinnati to Dayton,
Dayton to Dean, O
Dayton to Delphos, O
Trackage
Roads leased—
Dayton & Miohigan
Cinoln. Find.
&
Ft.
Home Avenue RR
Wayne
Proprietary roads—
Miles.
60 Oincinnati Ind. A Western... 1T379
176 Cincinnati A Dayton
14
98 Columbus Findlay A Northern. 18
13 Bowling Green RR
21
Plqua A Troy Branoh
8
x2,396
1T142 Pere Marquette RR
1780 Chic. Cin. a Louisv
x264
3
Total of all
3,675
Control acquired in July, 1904. See separate statements.
Has control of the Pere Marquette RR.; also owns Dayton A Union
Jointly with Clev. On. Ch. A St. L. and Jointly with Southern Ry. controls Oin. New. Orl A Tex. Pao. Ry. V. 75, p. 978.
New Control. Etc.— In Dec, 1904, H B. Holllns A Co. acquired a
majority of the $8,000,000 outstanding common stook. In July, 1904,
the Cinn. Ham. A Dayton purchased $11,000 000 of the *14,145,500
outstanding Pere Marquette common s^ook The entire stook of the
Chloago Cincinnati & Liouisville has been secured through the lssae of
$3,500,000 Cin. Ham. A Dayton and Pere Marquette joint collateral
tniHt oonds. See also Bonds below.
The stockholders on Jan. 12, 1905, authorized a lease of the Pere
Marquette RR. for 999 years; tbe lease of the portion of the
Ohio. Cin. A Louisv. located in the State of Ohio and the guaranty of
certain bonds etc V. 79, p. 2696; V. 80, p. 162. Under lease of Pere
Marq., the C. H. A D. guarantees 5 p. o. oi oommon stook, $12,^ 54,500 of tue $16,000,000 outstanding being owned by the C.
A D.
Toledo Terminal A Railway bonds, see that company.
.Stock- In 1904 most of the $6,925,^00 5 p. o pref. and all of the
$1.0~4,.*)00 4 p. o pref. stook was purchased by oompany at $110 and
$100 per share, respectively. V. 79, p. 733, 786, 902, 1461. See notes
of 905 below.
Dividends since consolidation—
November, 1895, to May, 1905.
Preferred, issued in 1895
5 per oent yearly.
On common 2 p. o. paid Deo. 24, 1903; none slnoe to Apr., 1905.
Bonds. Etc —The stockholders on Jan. 12, 1905, authorized a new
mort. to secure $50,000,000 of 413 p
bonds, of whloh $25,000,000
to be reserved to retire at or before maturity a like amount of existing bo ds shown In table (none of which, except the Dayton A
Michigan bonds, can be extended). V. 79, p. 2696; V. 80, p. 16-5.
The $15,000,000 gold collateral notes of l.»05 are seoared by an
equal amount of oonsol. 4^8, the greater part ($7,574,500) of the
preferred 4 p c and s p. c stock of the OH. ft D $375,000 bonds of
constituent companies, and 7,501 shares of Southwest'n Construction
Co. stook. representing joint ownership with 8mith»rn Ky. of control
of the Cincinnati New Orleans A Texas Paclflo Ry. Proceeds used
to f and obligations inourred chiefly to retire pref. stock a nd pay in
part for control of the Pere Marquet e RK. V. *o, P 105S.
The reminding 4s of 1904 cover all 'he road directly owned, the
leases of the Dayton A Miohigan and Findlay Fort Wayne & Western, and are further seonred by deposit of $11,000,000 Pere Marquette common stock and $7,115,800 (entire st >ok Issued) of Cincinnati Indianapolis & Western RR. Of the bonds, $9,9/7,000 were
sold to provide for purchase of Pere Mat quette stock and improvements. V. 79, p. 212; V. 80, t>. 162; V. 81 p. 1*4.
The C. H « D. and Pere Marquette joint col) at. trust 4s due 1914
($4,000,000 authorized Issne) are seoured by the entire ($4,206,000)
Chic. Cin. A Louisv. stook, $500,000 being reserved for improvem'ts and
eqmpm't to C.C. & U; they may be called on or before July 1, 1909, at
105; thereafter at 102i«. V. 79, p. 2696; V. 80, p. 163; V. 8
p. 264.
x
H
1
,
1
Guaranties.— Guarantees seourltles of Cin.
Mloh. and Cin. Find. A Ft Wayne; also $933,000
,
&
A
Ind.
West., Dayton
Ind. Deo. & West. 5s and
$6,000,000 Pere Marquette refund. 4s.
Report.— Fiscal year ends June 30. Report in V. 79, p. 1952.
1903
1904.
1902.
Tear end. June 30—
1,015
971
1.015
Miles operated
$8,272,151 $8,124,021 $7,094,717
Gross earnlngB
2,528,486
2,204,059
2,210,425
Net income
1,06^.608
1,041.466
1,055,571
Deduct Interest on bonds
96,900
96,900
96,900
Div. pref. stock D. AM. RR
84,066
84,066
84.066
Dlv. 00m. stook D. AM. RR
5,000
3,26S
4,000
Div. 00m. stock Home Ave. RR..
389,228
389,237
389,225
Dlv. pref. s' 00k C. H. A D. Ry
...(2%) 160,000
Dlv. com. stook C. H. A D. Ry...
167,322
126,798
Dlv. com. stock O. I. A W. RR..
. .
$1,811,134
$399,293
Total
Surplus
Officers.— President, Eugene
Russell Harding; Gen. M«r., J.
$1,916,564
$611,922
$1,614,920
$589,133
Zimmerman;
Vioe-Pres.. R. N. Younsr,
J. E. Howa'd; Sec
Asst. Treas., I. L. Carroll. N JY. office,
A
Kdson; Treas.,
Walsh; Asst. Sec and
66 Broadway.
Directors. Kueene Zimmerman, Lawrence Maxwell and .7. B Foraker, Clnummlnu (Chalrmnn). Alfred
clunatl; f'has. A. Otis Jr., Cleveland. G. M.
SkiU, Arthur Turnbull. James N. Wallace, .lames Phillips Jr.. F. L. Klrlrld«e,
and Hicham N. Young. N. Y.: T. H. Tracy. Toledo; Alex. B. I'lerce. St. Loui».
-(V.80, p. 10.')8, 1110, 1850,8848; V. M, p. 151, ttU.)
1 h^ s J.
(
Cincinnati IndlanapollM 6c Western ItH.—fSe* Maps pages
826 and 327.)- Hamilton,
O., to Springfield,
111.,
296 m.;
Stdell,
—
c
8
.
JULY.
RAILWAY STOCKS AND BONDS.
1905.]
RAILROADS.
For explanation of column headings, Ac,
on first page of tables.
Miles
of
Date
$100
100
Equipment bonds, due about $85,000 seml-ann.
Oxncxnnati Northern— 1st M., $3,000,000, g.G.C&r «...
86
Gin. Richmond <t Ft. W.- 1st mort., gold, Int. gu.o*
Clearfield cC Mahoning— Stock, 6 per cent rental..
«J.o*&r
26
1st mortgage, gold, guar. B. R.
Stook, $4,000,000
Olevel'd Akron dk Oolumb
177
Gen. mortgage (now 1st,) g.
1st oonsol. M., $4,000,000, < guar., p. A 1.. end.
138
guaranteed
not
gold, sinking fund
£
I
AP
Cleveland Cincinnati Chicago
&
St.
Louis —
1904
1901
1871
1,000
1,000
1,000
1893
1,000
50
100
1887 500 Ac
1900
1,000
1900
1,000
Common stook ($4i',000,000 authorized)
Preferred stook, 5 per cent, non-oumulative
O.
I. St.
L.
A C.
con. M..drawn at 105.
s.f.
175
1 p. o.c*
g.,s.f.
•
-
*
391
391
72
72
62
45
267
194
203
. .
<fe Col. Dlv. (Col. Sp. & Cin.), 1st M., g.Ce.o*
Cairo Division 1st M., $5,000,000, gold ..Ce.o*
St. L. Div.,coll. tr.,g. ($351,000 in s. f.)Ce.cAr
Cin. Wab. & Mich. Dlv. 1st mort., gold.. Us.c
Gen. mort. 100 year for $50,000,000 g.Me.c&r 1,021
Obligations for Proprietary Lines.
Cincinnati Sandusky A Cleveland— Pref. stook. ..
Consol. (now 1st) M. ($3,000,000) gold... A B.o
170
Cent'l Indiana, let VI., $4,000 000, g guar.Ce..
125
Ch.I.& St L S.L.,lst M., $3,000,000 g*,gu.Ce.o*&r
45
8prlngf. Union Depot, 1st M., $300,000, gut>r.«;e
....
Louisv. & Jeffersonv. Bridge 1st M.— See that Co.
Spr.
,
1880
1886
1874
1884
1869
1882
1890
1890
1890
1890
1891
1893
-
50
1888
1903
1903
1905
1,000
1.000
1,000
&
,
A
A
,
RR,
-Owns a road connecting
Bam. A Dayton terminals.
the Ches. A Ohio bridge and the Cincln.
Controlled by Chesapeake A Ohio Ry. Common stock, $10,000. in
$100 shares, issued for purpose of control. There will be issued $1,000,000 of 1st preferred 4% cumulative stock, secured by mortgage
to the Union Savings Bank
Trust Co. of Oinolnnati, as trustee, and
rentals paid by ChesapeHke A Ohio and Louisville A Nat-hville and
subjeot to call on any interest day after Feb. 1, 1915. at 105. V. 79,
p. 212; V. ^o, p. 1728. 2398, 2620. President, Geo. W. Stevens— (V. 80,
p. 1728, 2398, 2620 )
Cincinnati Lebanon A Northern Ry.—Owns Cincinnati, O., to
Dodds, 38 miles, including 6 miles from Lebanon to Dodds, leased to
the Dayton Leb.
Cin RR; Middletown Jet. to Middletown, O , 14
miles (former Mid. A Cin. RR.. taken over Jan. 1, 1903); total. 52
miles. Stook authorized, $1,500,000: outstanding, $993,000, mostly
owned by Penn. Co V. 75, p. 980. Of the $1,500,000 first consol. 4s
of 1902, guaranteed principal and Interest by the Pennsylvania Company, $2.00.000 are reserved to retire the 5s due 1916. V. 77, p. 86.
Report for 1^02, V. 77, p 86. Cal year, 1904, gross, $250,672; net,
$5tt,273; charges, $52,442.- (V. 77, p. 86.)
Cincinnati
(See map of Pittsburg
Muskingum Valley
Cincinnati Chicago <6 St. Louis.)—Owns Morrow, Ohio, to Trinway. O.,
148 miles; half interest Zanesville Terminal RR., 5 miles, V. 77, p 86.
Successor Aug. 1, 1898, to Cincinnati A Muskingum Val. Ry., Coreolosed. V.67, p. 27. Of the bonds $400,000 are reserved for future
needs; sinking fund retires yearly one per cent of those outstanding,
if offerred at par or less.
The Pennsylvania Company guarantees the
bonds, principal and interest bee form of gu.ranty, V. 7«, p, 653.
Stook, $2,000,000, all owned Jan. 1, 1905, by the Pitts. Cin. Chic A St.
Louis Ry. Dividends: 1900, 6 p. c; 1901 to 1904, inol., 2 p. c. yearly.
Pennsylvania RR. owns $1,318,000 of $1,600,000 bonds. Car trusts,
$156,783 3ifl8. payable $22,400 yearly to June, 1912.
Tr.end. 2>ec.31.
Gross.
Net.
Interest.
Dividends.
Balance.
l»04
$704,371
$137,621 $64,000 (2%) $40,000
$33,621
1903
746,628
170,773
64,000 (2%) 40,000
66,773
1902
645,256
123,374
60,000 (2%) 40,000
23,374
Payments in addition to above in 1904 were $13,156 for additions,
improvements, old accounts, etc (ag<=t. $49,231 In 1903), and $17,916
on aooount of oar trusts and other interest.— (V. 81, p. 270.)
A
A
RR.—
Cincinnati New Orleans A Texas Pacific Kj .— (>>e Map of
Southern Jty.)— Operates Cincinnati Southern Ry., owned by oity of
Cincinnati, Cincinnati to Chattanooga. Tenn., 336 m.; trackage, 2 m.
In Jan., 1903, the entire stock of the Harriman A Northeastern Ry.,
2 2 miles, was acquired, but road is operated separately. V. 77, p. 1743.
In 1901 lease was extended 60 years to Oct. 12, 1966; rental until
Oct. 12, 1906 was modified beginning July 12, 1902, to $1,050,000
yearly, the remaining $50,000 per quarter to be deferred as It accrues
and to be paid quarterly at rate of $40,000 yearly, with interest on
deferred payments at 3 per cent; rental under renewal to be $1,050,000 yearly for first 20 years, then $1,100,000 for 20 years, thereafter
$1,200,000. V. 73, p. 722; V. 74, p. 1251.
Pref. stock, 5 p. o. oum.,
with no voting power, but prior rights on dissolution. V. 74, p. 528, 829.
DrviDEND.-On pref., 1*4 p. c.paid quarterly Sept. 1, 1902, to June,
1905, both inclusive. On common. 2 p. c, paid Deo. 1, 1903, out of accumulated earnings to June, 1903; 8ept. 1, 1904, 2 p. c; June 15, 1905,
3 p. 0. Car trusts June 30, 1904, $41,435. In Mar., 1904, $1,200,000
equipment bonds were ltsued. V. 78, p. 1391.
Stock.— Common, $3,000,000, controlled in interest of Southern Ry.
and Cin >lnnati Hamilton A Dayton Ry. V. 61, p. 26; V. 65, p. 1173.
Latest Earns.— 11 mos., J 1904-5. .Gross, $6,736,913; net, $1/80,673
July 1 to May 31.
\ 1903 4.. Gross,
6,194,858, net, 1,461,894
Annual Report.— Report for 1903-04 was in V. 79, p. 2143.
showing gross, $6,76*,744; net, $1,597,421 (against $1,506,015 In
1902*3); other Income $24,05S; rentals, $1,166,931; improvements,
$80,225; dividend on prel. (5 p. c), $100,000; balance, surplus,
$274,324, -(V. 79, p. 626 , 1955, 2143; V. 80, p. 2398, 2620 )
Cincinnati Northern
(see Map Cleveland Cin. Chicago <6
SI. L..J— Owns Franklin, O., to Jackson, Mich., 208 miles; trackage (O.
O. O. A8t. L.), Franklin to Cincinnati, 38 m.; at Jackson, 1
Successor in June, 1897, of Cincinnati Jackson A Mackinaw, foreclosed. V. 65, p. 621; V. 72, p. 338, 1034, 1135; V. 73, p. 31. The hold-
UK.—
m
New York,
6
5
428,997
2,571,000
1,500,000
3,000,000
J.
g M.
* g. A,
4
'
4g.
(1)
J.
A
A
A
A
A
Due.
Stocks— Last
Dividend.
A
Blair
Co. Se.'05-Mar.'ll
N. Y., Guaranty Tr. Co. July 1, 1951
N. Y.. Wlnslow, L. A Co. June 1, 1921
Checks mailed.
July 1, 1905
N. Y., 36 Wall Street.
Jan 1, 1943
Checks mail el.
Mar. 25, '05, 1
Hamilton Tr., B'klyn. Mch. 1, 1927
N. Y., Wlnslow, L. A Co. Auk. 1, 1940
do
Aug.
do
M. A 8. N.Y.,J. P. Morgan A Co.
do
do
Q.-J.
do
M. A N.
do
do
do
Q.-F.
do
do
J. A D.
do
do
J. A J.
Various
do
do
do
M. A N.
do
do
do
J. A J.
do
M. A 8.
do
do
do
J. A J.
M. A N.
do
do
do
J. A J.
do
D.
do
J. A
do
M.
g.
do
pal, When
June 15, '05, 3
June 1/05,114
Cincinnati,
J*
?*
Liberty, 78 m,; trackage. West Liberty to Olney, 8 m.
1902. V. 75, p. 239, 289, 497, 732. Stook auth.,
$8,200,000: issued, $7,115,800; all owned by C H.
D whton reoelved dividends thereon in 1902-3, $126,798; in 1903-4, $167,322.
Bonds.— The "first and refunding" 4s of 1902 ($8,200,000 authorized issue) are guaranteed, principal and Interest, by C. H. A D. by
endorsement on each; $4,722,000 were Issued in exchange for exist lng bonds, of whioh $50,000 in the Cin. Hamilton
Dayton treasury;
$3,47«,000 are reserved to retire Ind. Dec. A West. 5s. V. 75, p. 1201,
1353; V. 77, p. 1290; form of guaranty, V. 78, p. 2011.
The I. D. A w. bonds aie redeemable by lot at 110 at anv time on
eight weeks' notice; $933,000 are guaranteed by Cin. Ham,
Dayton.
Car trusts June, 1905, $lr>,000 5 1 er oents, maturing in series to Aug.,
1905, inclusive, and $166,000 4 p. c. equipment notes, due yearly
to Nov. 1. 1911, Inclusive, Interest M.AN.
EARNiNG8.-For 3 mos. ending Sept. 30, 1904, gross, $640,017; net,
$221,8h0; interest, $74,625; taxes, $20,670; bal surplus, $126,585.
Year ending June 30, 1904. gross. $2,163,198; net. $520,169; taxes,
$82,869; interest on bonds, $269,S»78.-(V. 79, p. 2696.)
A
$3,000,000 See text. Text.
2,000,000 5 in 1904 Q.-M.
M. A 8,
5
1,020,000
4
J A J
1,000,000
J. A D
1.800,000
J. A J.
750.000
5 g. J. A J.
650.000
4,000,000 2 In 1904 M. A S,
5 g. M. A S,
1,800,000
4 «. P. A A.
1,023,000
70 d.000
4 g. F. A A.
30,869.700 4 In 1905
10,000,000 5 In 1904
1,000
654,000
6
1,000 Ac
7,536,000
4 g.
1,000
4,138,000 7 or 6 g.
1,000
3,205,000
1,000
2,000,000
1,000
500,000
6g.
1,000
650.000
4 g.
500 Ac
1,103,730
* g
1,000
5,000.000
4 gl.OOO&c 10,000,000
4g.
1,000
4,000,000
1,000
19,749,000
4 g.
m„to West
A consolidation Sept.,
Cincinnati Inter-Terminal
Amount
100
100
not dr'n.Ce.o&r
Cleve. Col. Cin. A Ind. Consol. mort. (see text)
Gen. consol. mort. ($12,000,000) gold..Us.o*&r
Indian A St. L. 1st M., In 3 ser. of $667,000. Us.
2d M. ($2,000,000), gold, Indlanap. to Terre H o.
Cl.Cln.Ch.ASt.L., White Wat. Val. Dlv, 1st, g.Ce.o"
Gen. letM.. $10,000,000
INTEREST OR DIVIDENDS.
Size, or
Rate per When Where Payable, and by
of
Par
Whom.
Cent.
Payable
Road. Bondp Value. Outstanding
see notes
Cin. .V. O. dk Tex. Vac. Jc- Com. stock, $3,000,000
Pref. stock, 5 per cent, cum., $3,000,000
—
329
Bonds— Princi-
do
do
N.
J.
New
N.
do
do
O.
J.
1,
1940
Sep. 1/05,2%
July20,'05,li4
May
Aug.
June
1,
1,
1,
Jan. 1,
July
Nov.
July
1,
1,
1,
Sept. 1,
Jan. 1,
Nov. 1,
July 1,
Jane 1,
1920
1936
1914
1934
1919
1913
1940
1940
1939
1990
1991
1993
May 1/05, 3%
do
do
York,
do
do
Jan. 1, 1928
Nov
1,
1953
Apr. 1, 1953
Jan. 2, 1955
ings of Clev. Cin. Ch. A St. L. are valued in balance sheet of Deo. 31,
For six
1904, at$1.105,3«7.
75, p. 454, 457. 8TOCK, $3,O0n,000
months ending Dec. 31. 1904, gross, $380,540; net, $72,404; charges,
$40,4lfi; bal., sur., $31,989. In year ending June 30, 1904, gross,
$737,14 2; def. nnder oper. exp $43,834.
Prest., M. E. Ingalls. See report, V. 70, p. 581.— (V. 80, p. 1362).
V
,
Cincinnati
Richmond A Fort Wayne RR.—Owns from Rich-
Adams. Ind., 86 miles; leases 5 miles of P. F. W. AC.
operated (Tuly, 1904), by Grand Rapids A Indiana Ry.
Interest is guaranteed by the Pennsylvania Co.
Rental, net earnings.
and Pittsburg Cin. Chloago A 8t. L. Co. jointly (the P. O. O. A St. L.
taking the place of the Cin. Hamilton A Dayton In 1888). Stook, $1,709,313—par, $50, of whioh Penn. Co. Jan 1, 1905, owned
$1,256,900. Due guarantors Oct. 1, 1904, $1,465,570.
Balance.
Tear end. Dee.31. Gross.
Net.
Intcrest,<6c.
1904
$605,321
$76,367
126,000
def.$49,633
1903
604,342
70,378
126,000
def. 55,622
mond,
Now
Ind., to
Cin. Rich. & Muncie.— See Chic Cin. & Louisv. RR.
Clearfield A Mahoning Ry.- (See Map Buf. Roch. <6 Pitts.)—Own
road, oompleted in 1893, from Du Bols Juno, Penn., on Buff. R. A P.,
to Clearfield on Beech Creek RR.. 26 miles. Leased during corporute,
existence and renewals thereof to Buffalo Rochester A Pittsburg—
whioh see— at a rental payable in gold and equal to 6 per cent on
?750,000 stock, par $50, and 5 per cent on bonds, the latter being guar.
p. & 1., by indorsement on each.— (V. 61, p. 710.)
Cleveland Akron A Columbus Railway.— Owns from Hudson, O., to Columbus, O., 144 miles; Dresden branch, Kllbuok to Trinway, 33 miles; Apple Creek branoh, 9 miles; ooal spurs, 3 miles; total
owned, 190 miles; trackage Trinway to Zanesville, 17 miles. Owns a
fourth Interest in Akron A Barberton Belt RR., 24 miles. V. 76, p. 435.
Penn. Co. took oontrol June 1, 1899, purchasing $2,237,500 of the
*4,000,000 stook (par $100). Dividends, 2 p. 0. yearly, paid Sept.,
1901, to Mar , 1905 (M.-S.). Of the 1st oonsol. gold 4s of 1900 (Commercial Trust Co. of Philadelphia, trustee), $1,023,000 are guaranteed principal and Interest by the Pennsylvania Company, $1,£00.000 are reierved to retire the general 5s due 1927; V. 71, p.
390; V. 76, p. 653; V. 77, p. 1746, 2280. Report for 1904, in V. 81, p.
2H showed gross, $1,577,296; net, $277,830; other income, $1,S01; interest on bonds, $159,670; dlv. (2 p. 0.) $80,000; bal., sur., $39,9(31.—
(V. 81,
p 28.)
Cleveland Cincinnati Chicago A St. Louis Ry.— ( See Map.)—
Road.— Radiates from Indianapolis, Ind., westerly to Chicago,
Louis, east irly to Sandusky, Cleveland.Oolumand southerly to Louisville.
Owned directly—
Miles.
Leased tcatt controlled.
Miles.
Cleveland, O.,to Columbus, O.. 138 Cincinnati A Springfield Ry.—
Gallon, O., to Indianapolis
203
Lud.G've(6m.fr.Cln.)toDay'n 48
Delaware to Springfield
50
a No debt, or bonds all owned.
Cincinnati to Lafayette
175 Coram. HopeAGreensb'gRR.— 26
Indianapolis to Terre Haute.. ..72
Trackage Into Cincinnati, Ac. 32
Harrison Branoh
7 Trackage into Jeffersonville.
53
Leased entire st'k owned—
B.
O. S. W.
Cincln. Lafayette A Chic Ry.— 57
Total included in earns. 1,891
Cairo Vlncennes A Chic Ry.—
Operated; earns, kept separate
Cairo, 111. to Tilton A branoh 267 Peoria A East'n Ry
1T351
St. Lou. Dlv. T. H. to E. St. L.193
Cincinnati A Northern*
11248
Columbus Springfield A Cin.—
Kankakee A Seneca RR.—
42
Columbus, O., to Springfield.. 45 Mt. Oilead Short Line
2
„
White Water— Harrison, Ind., to
Louisv. A Jeffersonv. Bridge
TT3
Hagerstown, Ind
62
Total of system Deo 31,'04.i4,536
Cin. Wabash A Michigan Ry.—
Benton Harb. to Rushv. A Br.249 Traokage 111. Cent. Into Chic /
On percentage basis
y
Other lines (a)
44
Operates independently—
Cinoin. Sandusky A Cleve. Ry.—
Dayton A Un. RR. (U)
Sand'sky, O., to Dayt'n, O.eto.170
Double track
168
Peoria, Cairo,
111., St.
bus and Cincinnati,
O.,
—
A
—
,
.
H See
this
A 45-mile out-off between Hillsboro, 111., and
company.
Mitchell, near St. Louis,
under the charter of the Chloago Indianapolis A St. Louis Short Line
was completed In Sept., 1904. See General Finances below. V 75,
p. 1086; V. 77, p. 517; V. 79. p. 785. 1331.
In Sept 1904, a trackage
arrangement was made with Hocking Valley Ry. for use of latter's
tracks between Toledo and Carey, 50 m les, affording through line between Toledo and Cincinnati. V. 79, p. 1023, 2696. As to Central
Indiana. 137 miles, see that Co.
History, Etc.— A consolidation of the Cincinnati Indianapolis St.
Louis A Chloago Railway Company, the Cleveland Columbus Cincinnati A Indianapolis Railway Company and the Indianapolis & St. Louis
Railway Company, made in July, 1889, per plan in V. 48, p. 427. Of
the common stock, $11,225,400 was on Jan. 1, 1904, owned by the
Lake Shore A Mioh. So. Ry., this amount, together with the private
holdings In both stocks by the Vanderbilt family, being, it is understood, a majorityof the entire share oapital. V. 72, p. 86.
The company is also one-fourth owner of Peoria & Pekln Union Ry.,
(through the Peoria A East. Ry.), one-fourteenth owner in Terminal
RR Ass'n of St. Louis and two- fifths owner of Indianapolis Union Ry.
anr part owner of Central Indiana Ry., Central Union Depot A Ry. of
Cincinnati, Union Depot of Columbus, Dayton Ua1o- Ry., Dayton A
Union RR.. Muncie Belt Ry. and Findlay Belt Ry., which are operated
,
independently.
330
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
.
July,
*
;
RAILWAY STOCKS AND BONDS.
1905.]
RAILROADS.
For explanation of column headings, &c,
on first page of tables.
Date
Miles
of
see notes
—
St.
L
dtOhie.
i*92
192
192
125
103
202
g™S
1893
1,000
1896
1,000
1900
1,000
1888 l.OOO&c
1895
1,000
50
50
1892
1,000
98'00 1,000
1892
1,000
Gen. M., $10,000,000JP, gold S
202
££
Guar. p. & 1. (end.) Pa. RR -Jllr B, Int. red.
202
Cleveland Terminal dt Valley— Bee Balt. & Ohio.
1903
1,000
Goal <* Oofce-lst M ,$10,000,000, gold
Coal River Ry —See ChiiSafeake & Ohio.
13 1868 100 &o.
Oolebrookdale— lstM.,$593,400,und.Read.M.of96c
1,000
Colorado Midland—1st mort., $10,000,000. Ce...o* 259 1897
51 1904
1,000
Color. <t Northwestern—1st M. ,$1,000,000, g.llg
100
Colorado dt So- let pref., 4% non-com., $8,500,000
1882
100
2d pref., 4 per oent, non-cum., $8,500,000
o* 1,062
1899
1,000
1st mortgage, gold, $19, 853,000. Ce
1905
Refunding mortgage, $100,000,000, g., red. 101.
•00'03
Car trust notes Jan. 1, '05, due monthly, red par
redeem, par.. SSt...
1904
1,000
Coll.tr eq notes, due quar.,
75 1900
1,000
Col. Sp.dtOr. Or.D. Ry.—lstM.. $2,000,000,g.s.f.Ce
gold, sinking fund
75 1901
1,000
2d mortgage, $1,000,000,
1902
1,000
consol mortgage, $3,600,000, gold.Mo.c&r.
1st
1,000
Colorado <t Wyoming Ry.—lBt M., $7,500,000, gMe 171 1903
75 1887
1,000
Col. Newb. dt Laurens-lst M., $12,000 p. m.SBa.
70 1898
Columbia Southern— 1st M., gold, $2,100,000. N...
1,000
Columbia i£ Greenville— See Southbrn Ry
1902
Oolumb. <£L. Mich.—lstM., g., $20,000 p m.Ta.*c
1,000
y"C"M. & N.; 'D" F. & A.
x Series "A" J. &. J; "B" A. & O.;
.
Capital Stock.— On Jan. 1, 1890, the common stock was $20,500,
It has been Increased to acquire stocks of line? absorbed, etc.
As to Increase in 1905, see General Finances below.
1905
DrVS.—'91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 1904
3i* 4
4
Com.)
44
;
$559,806.
Report.— Fiscal year has been changed to end Dec. 31. Report
months ending Deo. 31, 1904, was in V. 80, p. 1358. Report for
1903-04 in V. 79, p. 899, 911. See also editorial, p. 878.
/— 6 mos. end. Dec. 31.—. i—Year ending Dec. 31.—
for 6
Mllesoperated
Passenger earns
Freight
Mail, express,
etc....
851,223
1903.
1904.
1,891
1,891
$3,405,778 $6,378,877
6,848,385 13,053,864
815,969
1,637,213
1903..
1,891
$5,778,490
13,234,298
1,377,973
Total earnings... $12,141,288 $11,070,132 $21,069,954 $20,390,761
Oper'g exp. & taxes.
8,701,662
8,535,611 16,730,225 15,669,431
Net earnings...
Total net income
Interest on bonds..
Rentals, eto
$3,439,626 $2,534,521 $4,339,729 $4,721,330
$3,439,626 $2,534,521 $4,506,679 $4,874,041
$1,382,172 $1,344,517 2,698,694 $2,683,385
121,169
152,734
163,527
160,678
Dividends on pref... (21 2 )249,963 (2l a )249,963 (5)499,925 (5)499.925
Dividend on com.
(2)559,806 (2)559,806(4)1,119,612(4)1,119,612
Freight oars, eto...
1,000,000
311,261
(?)
,
.
.
Balance, sur....
$94,951
$259,066
$19,920
$99,180
Officers.— President, Wm. H. Newman, New York; Vice-Presidents,
E. V. W. Rossiter, W. C. Brown, John Carstensen and G. J. Grawmer
;
Secretary, E. F. Osborn, Cincinnati, O.; Treasurer, Chas. F. Cox, New
York; Auditor, P. A. Hewitt, Cincinnati. O.
Directors— William K. Vanderbllt, Fred'k W.Vanderbilt. Chauncey M. Depew
J. Pierpont Morgan, H. McK. Twombly, James D. Layng, William H. Newman, Walter P. Bliss, of flew York; Alexander McDonald and Melville E. In-
James Barnett. Cleveland. O.
1728, 1911, 2343. 2399, 2620; V. 81, p. 31, 264.
galls, Cincinnati;
—(V. 80,
p.
Cleveland Lorain
from Lorain,
& Wheeling Ry.— (See Map B.
dk
O.)—Owns
Wheeling, W. Va.,158 miles;
Lester to Cleveland, 28 miles, and branch to Bellaire, O., 6 miles:
total. 192 miles, and has trackage into Wheeling.
As to improvements completed in 1905, see V. 80, p. 1174.
History.— Operated by the Bait. & Ohio, which owns about 75 per
cent of the stock. See that company and V. 72, p. 480; V. 73, p. 236.
Stock.—Common, $8,000,000, and pref. non-oum., 5 p.c, $5,000,000,
par $100. After 5 p.o.on each, both stocks share alike.—V. 60, p 1058.
Dividends.— On pref 1896, 3 p. c; Dec, 1904, 2 *; Mar., 1905, 2i*.
Bonds —Of the $10,000,000 consol. refunding gold 4 ^s, $5,000,000
are reserved to retire first 5s, $1,000,000 for general 5s due June 1,
1936, remainder for improvements, etc. V. 70, p. 230, 480. About $1,000,000 consol. 5e of 1893 are stamped subject to call at 110.
Report.— Report for year ending June 30, 1904, was In Chron. Jan
28, showing, gross, $2,839,776; net, $537,09;; other income, $2,898;
charges, $4 lb, 106; balance, $114,889.— (V. 80, p. 1058, 1174.)
Cleveland &. Mahoning Valley Ry.—Owns from Cleveland"
O., to Sharon, Pa., 81 miles [57 double track]; Niles. O., to New Lisbon.
O., and branches, 44 miles. Leased to Nypano RR. (formerly N.Y. •
O., to Bridgeport, O., opposite
1
"
-
800.000
A.
J.
J.
J.
A.
F.
M.
&
&
&
&
&
&
&
O. Elkins,
<&
&
&
M. &
J. &
J. &
M. &
A.
A.
Bait.
Oct.
1, 193a
1, 1936
1, 1930
1, 1938
1, 1936
1, '05,
June
Jan.
Jan.
May
June
June
1\
1,'05,
1%
Jan. -Oot. -Ha
1948-1950
1, 1942
Oot.
Apr.
1919
1,
D. Phlla.. Read. Co. Office. June 1, 1898
July 1, 1947
N. Y., Central Trust.
J.
July 1, 1954
N. Y„ U. S Trust Co.
J.
O. N. Y., Hallgarten & Co. Apr. 1, '04, 2%
A. N. Y., Central Trust Co.
N.
New York.
New York.
Q.-M.
J.
W. Va., or
Mar.20,'05,21*
Oh. Bk. & CoJ. 8p,
O. Int.Tr.Co.Den.&Col.8p,
O. N. Y. M.Tr.,&Col. 8p,
N. Y., 26 Broadway.
S.
J. N.Y.,
M*y 1, 1935
To May, 1908
To Dec, 1915
Jan. 1, 1930
See text.
1,
1,
1,
1,
1,
1921
1942
1953
1937
1948
Sept. 1,
Safe Dep.&Tr.Oo.,Balt.
D. N.Y., N.Y.Sec.&Tr.Co.
J.
B.
Feb. 1, 1929
1922
Apr.
Oct.
Mar.
July
Dec.
& Ohio) till 1962 rental $525,967 per annum. Coupon interest
& J., registered interest, Q,.-J. Stock is $3,259,200, of which
;
Is held by "Atlantic First Leased Lines Rental Trust Co.,
Dividends in 1897, 13% p. c; 1898 to 1904,
Limited," of London.
both Inclusive, 13i* p. 0. yearly.— (V. 63, p. 968.)
$2,258,250
cinnati <£ Indianapolis consol. bonds (stamped) has been oanoeled. The
principal of these bonds is payable in gold, but the interest Is payable
at option of holder either iniawful money at 7 per oent per annum or
in British sterling at 6 p. 0. Of the Indianapolis dk St. Louis first- 78
series "A" are J. & J.; series "B,"M. &8.; series "C,"M.&N.
St. Louis Division bonds, see deed of trust V. 52, p. 42-45.
As to the Cincinnati Wabash dt Mich. 4 per oents, see V. 52, p. 718.
The 100 year mortgage of 1893 Is limited to $50,000,000. In Aug.,
1904, $22,503,000 general 4s were reserved for prior liens (exclusive
of Cairo division, Peoria division, Michigan division and the St. Louie
division west of Terre Haute), and $7,748,000 for equipment, construction and betterments, etc.. $1,000,000 yearly. See V. 78. p. 1446;
V. 79, p. 733. Guarantees Chicago Indianapolis & St. Louis Short Line
Ry., Central Indiana Ry. and Springfield Union Depot Co. bonds. V.
77, p. 510, 517, 769, 1363, 2280; V. 78, p. 1906, 1961; V. 79, p. 2589.
Car trusts outstanding June, 1905, $1,406,196.
General Finances.— Guarantees interest on Louisville & Jefferson
vllle Bridge bonds jointly with the Ches. <fcO. V. 68, p. 822. On June
80, 1904, owned stock in Chesapeake & Ohio representing an outlay of
$2,453,569, Cincinnati Northern RR. securities costing $1,105,387
and an interest in the Central Indiana Ry.,oostlng $430,027. V. 71,
V. 77, p. 517; V. 79, p. 912.
p. 398 V. 75, p 455
The stockholders voted Jane 21, 1905, to increase the common"stock
from $28,700,000 to $10,000,000. Of the $11,300,000 new stock,
$2,869,700 was subscribed for by stockholders pro rata at par to
provide for improvements and equipment, balance to be held for future requirements. V. 80, p. 1423, 1911, 2343, 2399; V. 81, p. 264.
Earnings.— For 6 mos. ending June 30 (1905 partly estimated):
Grots.
Net.
Oth inc Oharges. Href div Bat., com.
6 mos.
1905. $10,154,800 $2,21- ,000 $54,010 $1,974,000 $250,000 $40 000
1904...
9,999,822 2,226,916 150,215 1,903,015 249,962 224,154
Dividends of 2 per cent eemi- annually on the common stock call for
1904.
1,891
$4,480,037
6,810,028
600,000
6
9,179,000
1,000,000
5 g.
8,500,000 See text.
8,500,000
19,103,000
4g.
4i* g.
See text.
231,382
5 g1,350,000
5 g1,896,000
244,000
5 g5 g.
1,285,000
4,500,000
t g
899,000
£ g
700,000
5 g.
la J.
2i* 5555
5
55 July, 3%
$5
Bonds. —The sinking fund provision of the Cleveland Columbus Cin-
;
5g.
4,298,000
Penn.
000;
3330000003
5^555
Cin. Ch 10. & St. Lotns.
$5,000,000 See text. See text New York, 2 Wall St.
do
5,000,000
5g. A. & O.
do
893,000
5g. J. & D.
4i*g. J. & J.
do
950,000
2,935,000
5 g. See text N. Y. .Winslow.Lan. &Co.
Y..Farm. L. AT. Co.
41* g. M. & N. N.
1,250,000
Q.-M. N.Y. Winslow.Lan. &Co.
11,247,593
7
do
do
Q.-M.
4
4,043,100
4i* g.
do
do
x
4,561,000
3i*g.
do
do
4,990,000
3i*g A. & O.
do
do
439,000
—See C lev.
$100
Cam
Pref..
Hutids-fTluoiINTEREST OR DIVIDENDS.
pal.When Dae.
Rate Per When Where Payable, and by Stocks— Last
Whom.
Dividend.
Payable
Cent.
Amount
of
Par
Road. Bonds Value. Outstanding
Oleve. Indianap.
Oleve. Oolumb. Oin. d& Indianap.
Cleveland Lorain dt Wheel.—Pref. stock $5,000,000.
c*
Consol. mort. (now 1st) g. See text.
General mortgage, $1,000,000, gold, red. 105. N..
Con.ref. M., $10,000,000. g., red. at 102i*.Col.o*
Olev. dt M. V.—Con. M. (now 1st) $3,000,000,g. Ce.cfcr
Olev. <t Mar.— 1st M., s. f., not dr'n, gold. guar.F.c*
Oleve. <t PiMsft.— Stook, 7 p. o. guar, by Penn. RR.Co
Special betterment stock, $10,738,135, guar. 4%
ggg
or
Size,
331
Cleveland
Sc
Marietta Ry.— Owns from
Marietta, O., to Canal
Dover. 103 miles, and branoh 7 miles, Zoar, O., to Canal Dover, leased.
Stock, $2,000,000, of whioh the Pennsylvania Co. Jan. 1, 1905, owned
$1,786,100 (par $100); surplus earnings over oharges gotoC. & M.
Bonds.— Guaranteed prln. and int. by Penn. Co. Sink, fund 1 p. 0.
Earnings— Report for 1902 in V. 77, p, 87. In 1904. gross, $828,071
net, $181,142; other inoome. $1,032; int. on bonds. $56,250; additions
and improvements, $116,396; bal., surplus, $9,528. In 1903, gross,
$783,708; net, $164,938.— (V. 77, p. 87.)
Cleveland & Pittsburg Kit,- < See Map Pennsylvania Railroad.
Cleveland, O., to Rochester, Pa., 124 miles; branohes— Bayard, O.,to New
Philadelphia, 31m.; Yellow Creek to Bellaire, 43 m.; other, 3m.; traokage, Roohsster to Pittsburg (Pitteb. Ft. W.& Chic), 26 m.; total, 227 m.
Lease— Leased for 999 years, Dec 1, 1871, to Penn. RR. Co., and lease
transferred to Pennsylvania Co. Rental, 7 p. 0. on $11,261,865 stock,
interest on bonds and organization expenses. "Special guaranteed
betterment stock" (subordinate to the original stock as to dividends
only), with dividende of 4 p.c. guaranteed by Penn. RR. is issuable for
improvements. V 79, p. 2205, 2642.
Bonds.— Generals are all equally seoured; guaranty. V. 56, p. 604.
Earnings.— In 1904 gross earns., $7,217,193; net, $2,433,753; profit
to lessee was $1,110,697.— (V. 79, p. 2455, 2587, 2642, 2795.)
Cleveland Terminal &. Valley KR,- See Map Baltimore <S
Ohio.
Owns from Cleveland, Ohio, to Valley Junction, 75 miles;
branches, 7 miles; yard track and sidings, 87 miles.
Stock—Of the $5,200,000 common (par $50) B. & O. owns $4,594,300
common and of the $1,822,200 preferred, $949,200; par $100.
Bonds The first mort. bonds are guaranteed, principal and interest,
by the B. & O., endorsed Car trust lease warrants (5s), $138,000;
due $27,000 May 1 yearly to 1909, inclusive.
Rkport for year ending June 30, 1904, was in V. 80, p. 468, show
ing gross, $1,019,809; net income. $211,661; interest, etc, $269,055;
defloit, $57,394.— (V. 76, p. 209; V. 80, p. 468.)
Coanuila
Pacific Ry.—Control acquired in 1905 by Mexican
Cent. Ry. V. 80, p 1478.
Coal
Coke Ry.— Projected from Elkins, W. Va., to Charleston,
W. Va., about 180 miles, of which Charleston to Gassaway, 92 m., are
In operation; the balance is to be competed In the fall of 1905;
of this 28 miles were operated in September, 1904. About 100,000
acres of coal lands are owned along the line of the road. Stook
authorized, $10,000,0C0: outstanding April 1. 1904, $4,118,800. Mortgage covers road and coal lands; V. 78, p. 47 Year ending June 30,
1904 (64 miles), gross, $282,985; net, $97,426; total deductions, $185,560; bal., def., $88,134. Pres., H. G. Davis. Elkins, W. Va.; Sec,
C. M. Hendley, Washington, D. C- (V. 78, p. 47; V. 81, p. 264.)
—
&
&
Colebrookdale
RR.— Pottstown
to
Barto, Pa.,
1284
miles.
& Reading Ry. Common stook, $297,215; par $50.
Colorado Midland Ry.—Owns from Colorado Springs to New
Leased to Phila.
Castle, Col., through Busk-Ivanhoe tunnel, 234 miles, inoluding Snowden to Leadville, 8 m., not operated; Jerome Park branoh, 15 miles;
Aspen branch, 18 m.; total owned, 267 miles. Leases New Castle to
Rifle Creek, 14 miles, and Rio Grande Junction RR., Rifle Creek, Col.,
to Grand Junction, 63 miles; total owned and leased, 344 miles.
Organization.—Successor Oot., 1897. to the Colorado Midland Railroad, foreclosed and reorganized per plan in V. 64, p. 1224, 1226.
In May, 1900, a majority of stook was purchased In the Joint interest
of the Colorado & Southern and Denver & Rio Grande. V. 70, p. 686,
791, 997. 1290; V. 71, p. 28; V. 73, p. 1111. No stook is held by the
public Pref. $6,000,000; common, $4,000,000.
Bonds.—In June, 1900, the $6,250,000 2, 3, 4s were made full 4 per
cent bonds, and the right to issue $500,000 prior lien4s was waived;
V. 70, p. 1290; see also V. 71, p. 139.— (V. 72, p. 821.)
Trs.end. JuneZO. Gross.
Net.
Misc. inc. Oharges.
Balance.
1903-4
$1,802,042 $304,884 $40,089 $4*2,273 df.$107,3 O
1902-3
1,962,645
336,610
41,408
466,040
df.87,992
Officers.— President, Frank Trumnull; Vice Pres deo. W. Kramer
Treas., H. B. Henson; Sec, Harry Bronner, 5 Nassau St., New York.
Directors.—Grenville M. Dodge, Edwin Hawlev, B. C. Henderson, George J.
Gould, Edwin Gould. Winsl.w S. Pierce, Harry Bronner, E. T. Jeffery and
Frank Trnmbull.-V. 75, p. 6(56; V. 77, p 2035, 2..B9.
,
Colorado
Jk
Northwestern
RK.— Boulder
to
Ward,
Col.,
m
26
miles; Sunset to Eldora, 20 miles; branohes, 5 m,; total, 51
Extension of Sunset Eidora line is to be built. Has 1 0-year contract expiring 1915, to reach Denver Union Depot from Boulder over Colorado & Southern (3d rail electric). V. 80 p. 650.
Successor of the railway company, sold In foreclosure May 4,
1904. Stook,$l,0< 0,000, all outstanding. Bonds, see table above. V.78,
p. 1961; V. 79, p. 21 2, 268. Year ending June 30, 1903 (26 miles) gross,
$54 481; net, $5,408. President S. B. Dick, Meadville, Pa.; Vioe-Pres.
and Gen. Mgr., Robert Law; Sec-Treas., W. B. Hayes.— V. 80, p. 650.)
Colorado
Southern Ry.— (See Map.)— Operates from Orln
Junction, Wyoming, through Colorado to Fort Worth, Texas, viz.:
.
&
'
RAILWAY STOCKS AND BONDS.
332
*V
.
Ft.Fetterman.
I
Ft.Casperr*=
!o
SE
R
E
n
[Vol. lxxxi.^
.Lost .Spring
4^
N
uJ
I
w
.J.
Cassa^
a kvo
a\
It
WeVidoverI
M
N
I
l\GEt.
Bjickhorn|f
L ar^k
!.«*
fodicin
Laramie^
,9
?
e°*
B.
:->
bf
<r,
ChugwaterJ
—
I^elley
•j— 1~~
_^^\
£ HaVpers
Lookout
g cu
Coopf LakS^j. ^Iron
HuttousS
Mouutaiii
\\jyomingK'
Altusj„
~~
&&£&
f
/
B.
1-_i**Vn E N V E R
I
UNION
PAC.
/COLORADO SPR S
•
£/
Wichita?"
^\r° k
"
Horse Creejsmp
l
/-Laramie
o
t,,
"'e^
r
nN»
HarneyV
\
7f<
M.EXIC
w
>r^°
Carr
A
L
/
e
In
^
chJeV EN^^Athol
Dale Creek
<v
,*<^V
<•£*
Soda Lakes^Buttes'i
R
"VSIil Vv
M
aricopa
rip
E ><R;ii
I
iEl Paso>.
'Nogales
M E X
GRAN
<r\
n
D
A
a
J43>n»B^m c.VitfPiatteylUe
me
Ward^-rM o^!^i4f ,a^./
»ard LON G iyio??^'VvVlf l7
I
«
r^
D
k,
C
I
1
AN^-^ V^
R
/^-rTM^O D GANi^—<>^1___J
;*w ^^-f_ jtw^f/^T ORGAN; —o^^^uHrt ^
>
^
C
Lj&^o
•V'
/_—
•
f-
I
I
-^
°^>N^
D
..^
A
R\
/P
Byers
D
y- -"
\S;iu Antonio,
r^
;ri
E
r
V
E
H
J
I
(
Train
•
z
I
4 ^rrcTA R^o n
;
i
p
TV
[la
doug\las!
a»
kIe.
tX? *
,
_L
a Sidn e y
o
IhuI^o
.
|
j
^J\Mirate.
MKastonviJle'
j
i
.,
J
N El
e N
v4%,
PACIFIC
r
.
Ctt;
/K
s^^
—t-BESSEM ERDp^^^ —-"^^Js^4¥
• N^St
\
I
I
o
r>-t
!
San CarlosMS
\^
l
\
.^
/7
|
,v
~^
;
_C_
-jta-L^L^i
RIO
Norte
^
I
"
"
]
GRAN nfe-J
I
«T
"l
.
1
O
E|Bl
;PU
J _^^^
/,H
*-=r
%
^Vfa-Pas^
^
/
V
Ala/iio^u
Wi,,.Ji,ll4?V^l
Santa, Clara
HV'
—7 1/\
J / JA-Pl
"^/. ^ //^
U E R~?VflN O,/
y^
1
\*Tf*
\
/
\
A
ICONEJ
V
X-
HASTlNOsdOX O^jiP^
BEBWINO,,
'"V/
^
,?o;
SkiJliaton
w
M
Budth Miir
^Otero
5
*
tf
^
A N/
I
M A
O
BACA
Dorsey
.^^.„v^
^^^
~7~
I'm. ryjQap
Alps^"^
SOUTHERN
RY.
>
Folsom
Uus Moines
Graudc
IO^ "
i— ~ —
C ClaytTlSlw; T E X A
Mt.Dora
&
.
t
Greenville
THE COLORADO
1
^TRINIDADjft^^e--^
/v
c'^
/?
GRAND
I
e njCt
/(/^O
J
7"
SANTA
«TA
Laiuiita
^^/
ciDnut^f'ailb^.
^i'lA.H/che
:
—
Riven
b
,
,^1
|\
j-y*DSt>.\t preelT
jffuiimtroBl
j^-^rDurMmsr /
PTi? ? ^r^
Vw
—
July,
RAILWAY STOCKS AND BONDS
1905.]
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
<fec,
see note
Oolumbu* A Toledo— See Hocking Valley Bt.
Columbus dt Xenia—Stock, 8 per oent rental
Combination Bridge (Sioux City, la.) — 1st M..
Concord <& Olaremonl (N. H.)— 1st mortgage
Concord A Montreal— Stook, Class I. (B. C. & M. pf.)
Stook, Class II (B. C. & M. new)
Stock, Class III. (B. C. & M. old stock)
Stook, Class IV. (Conoord) $6,000,000 auth. Text
o
Bost. Con. & Mon. Improvement mortgage
Conoord <fe Montreal con. M. for$5,500,OOO.BB.o*
o*
Debenture bonds, $1,150,000, ourrenoy
$500,000, Int. guar
Do
do
Concord <t Ports.— Stook, 7 p.c. rent'l, 99 yrs. Cono'd
<t Possum.— Pret. stock, 6 p.
lst mortgage $1,900,000, gold
Conn,
o.
0*
Phil,
Germ.
3^ per
st'k,
<fe
Chest. Hill 1st M., gu. by Pa. R.y.r
ent goli mortgage, $5,00 >.000
Cooper st'-wn <& Su q TaJ.-lst M., $200,000, int.gn.
Gopper Range— 1st mortgage, gold (see text)
Cornwall <6 Lebanon— Stock
1st mort., $800,000. red. at par beginning 1906.r
r
Corvallis & Eastern—1st mort. ($11,250,000). Ce.o
<
Colorado
Size, or
Par
of
of
Road. Bonds Value.
55
71
• • a
166
262
$50
1895 500 &c
1894
1,000
100
100
100
100
1881
1,000
1890
1,000
'97-'99
....
1900
40^
110
37
22
80
6-75
7
36
19ia
105
26
26
1,000
1,000
100
100
rent'1,99 yrs.o"
guar.same div. as Conn. & Pass.
Newport & Riohford 1st ruort. guar, by C. & P.o*
Connecticut River— Stock ($2,670,300 authorized)..
o
Bonds, not mortgage, for $1,000,000, gold
Bonds, not mortgage
do
do
Connecting (Phila.)— 1st M., gu. p. & 1. Pa. RR. en. c
Massawippi
Date
1893
1,000
100
1881
1,000
100
1893
1,000
1901
1,000
1903
1,000
1864
1,000
1883
1,000
1902
1,000
1888 100, <fco.
1899 500, &0.
50
1891 100 <fec.
1898
1,000
& Southern By.— (Concluded.)—
Miles.
Lines numed.
164
Cheyenne to On u Junction
Denver to Bessemer Junct.. Col... 128
Denver to Leaitv. (narrow gauge) 161
.
Como to Baldwin Mine
do
(
131
136
).
Trinidad, Col., to Texas State line
Also has large interest in Fort Worth
— (V.
Total operated June 30, 1901.. 1,121
Denver City Ry., 453 miles
S.
in
;
1
•
i
,
i
1904-5
Gross, $5,627,795. net, $1,495,411
July 1 to May 31. I 1903-4
Gross. 5,251,990; net, 1,301,962
For 6 mos. ending Dec. 31, 1904, net, $930,146; against *927.280 In
1903; other income, $9,842; charges. $542,148; bal., sur., $397,840.
Report.— Report for year 1903-04 was in V. 79, p. 1459, showing:
Tear ending June 30—
D*03-04.
1902-03.
1901-02.
Gross earnings
$5,702,687
$6,142,989
$6,580,327
Operating expenses & taxes. .. 4,4^2.672
4,908,111
4,260,425
Netearcings
$1,210,015
$1,319,902
$1,234,878
Total net iDcome
$1,249,799
$1,293,753
$1,379,362
Interest on bonds, etc
811,958
752,603
796,800
Dividends on 1st pref
(4%)340.000 ( 3^)297,500
(4 %) 340,000
Balance, surplus
$97,841
$156,953
$371,759
Officers.— Chairman, Grenville M. Dodge, N. Y.; President, Frank
Trumbull, Denver, Col.; Vice-Pres. and Gen. Man., J. M. Herbert,
Denver, Col.; Sec and Treas., Harry Bronner, 5 Nassau St., New York.
Directors.— Grenville M. Dodge, Henry Budge, James N. Wallace, John J.
Emery, B. b\ Yoakum, Edward C. Henderson, Edwin Hawley, Norman
B. Ream, Hans Winterieldt and Harry Bronner, New York City; Harrv Walters,
Baltimore, Md.; Frank TrumouL. uenver. Col.
- (V. 80, p. 650, 1111, li74, 1362, 1423,1856, 1911, 1971,2620.
Col. Southern
Orleans 6c Pacific RR.-V. 80, p. 2399Colorado Springs 6c Cripple Creek District By.— Colorado
Springs to Cripple Creek, Col., 46 miles; branch, Cameron to Victor, 5
m.; other branches and bduts, 24 m.; total, 75 miles, of which 59 m.
steam, 14 m. steaui and electric and 2 m. purely electric In Jan., 1 905,
Colorado & Southern acquired the ro.d. V. 80, p. 472, llll, 1423.
Stock, all outstanding, common, $1,200,000; preferred, 5 p. o. noncum., $800,000. Par of shares, $100 each. Sinking fund can retire
first mortgage bonds yearly at 110 for the first 15 years, then at
107i« for 5 years, then 105 (or the next five years, then 102 ^ for three
J
New
years, thereafter at par.
V. 76, p. 345
Earnings— For year ending June 30, 1904, gross earnings, $764.719; net income, $339.00"; charges, $z01,570; sink, fund, $38,236;
sur., $99,201.
Pres., Frank Trumbull; Sec, L. F. Linney. Directors
(Mar.. 1905), V. 80, p. 1111. -(V. 80, p. 1423.)
Colorado Texas
6c Mexico By.— Graded in June. 1903, from
Fredencksbuig, Tex.. 48 miles, and construction was iu
progress from Abilene to Haskell, Tex., 52 miles Projected from
Washburn, Tex connecting with the Fort Worth &. Denver City and
Atoh. Top. & Santa Fe and Rock island to Saa Antonio, 400 miles
Llano
by
Stocks— Last
Dividend,
Q.-M. Columbus, O. Treasurer J'ne 10,'05,2%
& J. N. Y., Hanover N. Bk. July 1, 1915
,
J.
J.
&
Boston, 1st Nat. Bank. .(an. 1, 1914
July 1'05, l\
See text.
J lv 1'05, 1%
do
Q.-J.
July 1'05, 1%
Q. — J.
do
Juiy 1*05, 1%
do
Q. J.
J. & J. B'ston.Faneull Hall B'k Jan. 1, 1911
J. & D. Boston Safe D. & Tr.Co. June 1, 1920
J. & D. Bos. S.D. & Tr., Boston. June 1, 1920
J.
Q.-^I.
—
J.
J.
&
&
do
do
Manchester, N. H.
A. Boston, 8. Dep. &Tr. Co.
do
do
O.
do
do
A.
do
do
J.
Boston, Mass.
J.
do
do
8.
do
do
J.
do
do
J.
D.
J.
&
&
F. &
J. &
J. &
M. &
J. &
J. &
M.15 &8
M. & N.
M.15&S
M. & N.
A. & O.
F. & A.
A. & O.
F. & A.
P.
A.
80,
June
1,
1920
Juiy, '05,3111%
Aug 1/05,3%
Apr. 1, 1943
Aug., 1905, 3%
Jan. 1, 1911
July
1, '05,
5%
1943
1921
1923
Phila., Broad St. Stat'n. Sept. 15, 1904
May 1. 1913
do
do
do
Mar 15,1932
do
2dN.Bk.,Coop'8fnN.Y. May 1, 1918
Oct. 1, 1949
Boston, Mass.
Co.'s off., Lebanon, Pa. July31,'05, 3%
Apr. 1, 1921
do
do
Feb. 1, 1998
New York City.
p 2457).
Columbia Newberry
In 1905 control of the Colorado Springs <te Cripple ( reek District Ry.
(see that Co. below) was acquired; also Trinity & Brazos Va)., Clnbaine
to Mexia, Tex., 79 miles. See Fx ances below. V. 80, p. 1423, 1856.
Stock.—Common, $31,000,000; par, $100. Pref., see table above.
Dividends.— 1st pref., 1900, 2 p. c; 1901, 3^; 1902, 3 **; 1903, 4 p.o
1904, April. 2 p. c; in Oct., 1904. the dividend was passed. V. 79. p. 967.
Bonds.— lut M., see V. 68, p 1027; V. 77. p. 2158; V. 79. p. 2147.
The $lo0,000,ooo refunding bonds of 905 are issuable or reserved
as follows (compare "General Finances" below):
For refunding bonds and qulpment o .ligations of the
system, including controlled lineB
$37,000,000
For betterments and improvements, including equipment,
at the cumulative yearly rate, beginning Jan. 1, 1905,
of $5C0 i>er mile of operated and controlled lines
15,000 000
For reimbursement of the treasury of the company, etc..
2,5 jO.OOO
For acquisition of additional roperty (including proper
provision for the cost of double-tracking parts of the
existing main lines of the sy tern)
45,f00,0'
General Finances.— In April, 1905, a syndicate pirckasaa aoout
$17,000,OoO of a pro osed Issue of $100,00o,000 refunding 4 1* p o.
bonds and agreed to furnish $1 ',000.
cash. Of these bond #8,000,000 will be Issued to t«h«- up th>- equipment trusts ('"the payments
on which now aggregate about $4> o,0
per annum") and certain other obligations of the Colorado & Southern and ihe Fort
Worth & Denver City, pay for the Cripple ( reei. Short Line RR. and
provide working capital, the remaining $!>,0u0,000 to pay for a new
extension to the Gulf at a cost of from $17,000 to $22,o0<> a mile, including the Trinity * Brazos Valley. No further bonds, except about
$1,000,000 a year for additions and be.teiments, can be issued before
Jan. 1, 1909, without consent of syndicate managers. V. 80, p. 1423,
mos.,
$1,786,200 See text.
500.000
5
41*
500,000
800,000
7
540,400
7
459,600
7
5,647,600
7
500,000
6
4
5,000,000
1,050,000 3i£&4
3ia
462,000
350,000
7
6
2,500,000
4 g.
1,900,000
400,000
6
5
350,000
10
2,630.000
4 <?•
1,000.000
3ifl
290.000
3ia
969.000
6
2,000
4ifl
1,000.000
3ifl g.
991,000
200,000
5
5 g.
2,025,000
800, OO 6 in 1905
766,400
5
1,410,000
4 g.
Other lines, br., etc. (106 nar. (tan.) 364
Trackage— Pueblo to Walsenburg
68
(Denver & Rio Grande)
traffic
Earnings— 11
Outstanding
Bonds— Prinol
pal, When Due.
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and
Whom.
Payable
Cent.
Sept. 1.
Jan.
Jan.
1,
1,
Stook authorized, $375,000; par of shares, $100. Th« stockholders
were to vot« July 10, 190 >, ou making a mortgage. V. 80 p. 4457
President Morris R. Looke, 20 Broad St., N. Y. Office, Abilene, Tex
Miles.
&
and trackage agreement with Union Pacific, connecting
the Cheyenne & Nor. Division with the system at Greeley and Denver;
also over Atchison tracks, Denver to Pueblo, Col. V. 69, p. 179.
Organization.—Sucoeeded on Jan. 11, 1899, per plan in V. 67, p.
748, the Union Pacific Denver & Gulf and Denver Leadville & Gunnison. Owns a large majority ol the common stook of Fort Worth &
Denver City Ry., which see. Colorado Midland is controlled jointly by
Colorado & Southern and Rio Grande Western. V. 70, p. 739. In Mar.,
1902, Edwin Hawley, President of Minneapolis & St. Louis RR., and
associates, aoqulred control. V. 74, p. 679, 727. The voting ru*t expired April 1, 19J5 Denver & Interurban (Electric) Ry. V. 79, p. 1266.
Has
Amount
1333
to
.
.
C, 75
miles.
Laurens
6c
Stock, $500,000
BB.—Columbia
Bonds were
6s,
to Laurens,
but re-Issued as 3s
1900 under agreement, certificates of interest to amount of 40 p. c
bonos being issued bearing Interest, If earned. Loans and bills
payable June 30, 1904, $58,000.
Gross, $216,872; net, $46,921
Earnings -11 mos., 1 1904-5
Gross, 210,303; net, 50,423
July 1 to May 31.
S 1903 4...
Year ending June 30, 1904, gross, $225,039; net, $51,445; charges,
$34,778; bal., sur., $16,667. President, W. G. Ohilds, Columbia, 8. O.
Columbia Biver A: Northern By.— V. 80, p 1111.
of
Columbus Hock. Valley 6c Tol.—See Hocking Valley Rt.
Columbus 6c Lake Michigan BB.— Owns Lima, O., to Defi-
&
Mllw. RR., foreance, 40 miles. Suooessor, Aug., 1902, to Col. Lima
V. 75, p. 289, 1147. Extension proposed in 1904 from Lima to
West Mansfield. O.. 40 miles, at a connection with Toledo <fe Ohio Central. Stook authorized, per mile, *10,000 each of common and 4 p. o.
non-cumulative pref.; par, $100. Bonds, see table above. By agreement coupons to Mar., 1905, were not presented. Pres., Geo. A.
Garrettson; Treas., E. Hope Norton, 33 Wall St., N. Y.— (V. 76, p. 804).
Columbus 6c Southern By.— Lancaster Junction, O., at a connection with the Penn. RR.,to South Bloomingville, 34 miles. SuoSouthern RR., sold in foreoessor of the Columbus Wellston
closure to J. G. Reeves and associates of Lancaster, 0.,on Deo. 4, 1901
V. 73, p. 1206; V. 75, p. 184. Stock auth., $-5,000,000.— (V 75, p. 239.)
Owns from Columbus, O,, to Xenia, O.,
Columbus 6c Xenia
55 miles. Operated as a division of the Little Miami, and is leased for
99 years from Deoember, 1869, in connection with that road, to the Pittsb lrg Cincinnati Chioago & St. Louis, which pays 8 p. o. on stook. The
lease Is guaranteed by Pennsylvania RR. Co. Dividends, a 5 p. c per annum, from assets, were discontinued in 1901. -(V. 72, p. 532.)
closed.
&
BB.—
Combination Bridge (Sioux City, la.)— Owns steel bridge
1,940 feet long over Missouri River, with approaches. 1 mile, used by
railroads and street oars and as a highway. Stock, $1,500,000. Mort.
trustee, Union Trust Co.. Indianapolis, Ind. Pres Jos. C. Head, Latrobe, Pa.; Secy., F. L. Eaton, Sioux City, la.— (V. 78, p. 102, 2 6.)
Concord 6c Montreal
From Nashua, N. H., via Con
cord, Plymouth, etc, to Groveton and the White Mountains, 450
miles in all, including Manchester <fc Keene, 30 miles, owned jointly,
414 miles; 35 miles double track. Owns Concord Simet Ry. 13 miles;
a so eleotrio branch from Cone >rd to Manchester, N. H., 17 miles.
On June 29, 1»95, leased to Boston & Maine for 91 years at rental
of 7 p. o. per annum on all stock.— (V. 78, p. 228, 286.)
Concord 6c Portsmouth
Owns Portsmouth, N. H., to Manchester, N.H., 40 is m. Leased to Concord RR. in 1862 for 99 years; rental,
$25,000; 7% on stook and org. exp. Operated by Boston & Maine.
Connectleut 6c Passumpsic Blvers
White River Juno.,
Vc, to Canada Line, 110 in.; leases 999 years Massawippi Valley, 37 m.
Lease.—From January 1, 1887,
leased
the Boston
to
&
Lowell for 99 years on a basis to pay Connecticut & Passumpsic stook
5 per oent till January, 1897, Inclusive, and 6 per cent thereafter.
Securities.— Massawippi stook receives same dividends as stook of
lessee, and $400,000 of it [not included in the amount outstanding
Is pledged
as part security for 4s of 1893. Of the $2,500,000
preferred, $500,000, as also $50,000 Massawippi Valley Ry. stook,
are represented by Connecticut Trust & Safe Deposit Co. o Hartford
5 per oent trust certificates, under which the Vermont Valley has the
right for 45 years from Aug. 1, 1885, to purchase the trust st«ok at
par and interest and in the meantime receives all dividends above 5
per cent per annum on the stook deposited in trust.— (V. 57, p. 1040.)
Connecticut Biver
Owns from Springfield, Mass., to
Keene. N H., 74 miles (double traoked, 36 miles): branohes, 6 miles.
The stockholders voted Apr. 29, 1905, to issue $^0 000 stook to build
a connection l»a miles long with the Fitohburg RR. In Deerfleld.
V. 80, p. 1478.
Lease.— Leased for 99 years from Jan. 1, 1893, to the Boston
Maine, annual rental (as amended Oot. 10, 1895) being 10 per oent per
annum on oap. stook), payable directly to stockholders ; also interest
on bonds and scrip and $2,000 for organization expenses. Lessee pays
all taxes, operating expenses, etc, bnt lessor to lsnue its stock or
bonds for permanent Improvements.— (V. 80, p. 1478, 1911.)
,
BB.—
BB.—
BB.—
]
BB.—
A
Connecting By. (Philadelphia).— Owns from Mantua Junction
to Frankford Junction, Pa., 7 miles; Germantown Junction to Chestnut Hill, 7 miles; branohes, etc, 23 m.; total, 37 miles. V 73, p. 390.
Stook authorized, $5,800,000 outstanding, $3,613,650; all owned by
Penn. RR. Dive. In 1902 to 1904, incl., 4 p. o. yearly.- (V. 75, p. 1354.)
4 <>op
rntown 6c Charlotte Valley BK.— (See Map Del. Jt
Hud.)— Owns Charlotte Crossing to Davenport Centre, 4*51 miles;
leases for 99 years from Jaa. 1, 1889, Cooperstown & Susque. Valley
RR., Cooperstown to Charlotte Crossing, with branch to Cooperstown
Jot., 1948 m., guaranteeing interest on latter's $200,000 5 p. c bonds.
Stock, $45,000, aoqulred July, 1903, by Del. Us Hud.— V. 77, p. 88.
Calumet, Mich., to Mass City, with
Copper Bauge
branohes, total, 105 m.; side tracks, 15 m. Stook, $3,886,900, of which
$1,281,800 owned by Copper Range Consolidated (Mining) Co. Bonds
;
BB.—
^
\
'
RAILWAY STOCKS AND BONDS.
334
[Vol. lxxxi.
3^
MAP OF THE
^w
c
DELAWARE & HUDSON
LWaterloo
rFarnham
Cbteau,
RAILROAD SYSTEM.
Oftfl x
N
o„
7
_£>.
Sutton Jc.
D
*J
-Ca„
*c
l fl 4°i^
R u
s
M oS"' s JC
rfm>^tonV^^.frp
;
Nowpor
^- '-,^
C^V^
5
•t*
7
J*?
Sheldon
a7c!3
'
6
W.CHAZY*
*/,
o/i e
S£.Alb\ns
Beekmantowm'
fc.ATTSBU.RGl
nBHirmf"x
Prescott
,
I
Cambridge Jo
N
iMilton/ *
Mdm'r
LYON
Brockville
1HL
Pe nii
Ferrona^
c£?
^wff^^^mx
TOI
km$)J^J^\ IliimBURVtNGTON
§Cgs£<Tf£^K.
St..Regis Falls o
V
*•'$*£& r
'ortiXeTrit
June
Essex
(DeKSlb
Bloom
PAULSMITHSq
^^E™ *™^
Saranac
*o*
IW
81
st.Johnsburyi
^
Charlotte
-Essex]
Clayton.
""—
/
'TBeresyje.
° CU«pn
V^-m
Montpelier Jc. \-aZ-
fVergenne*
'
MOUNTA^S JWTprtHen^lf^
KCharthage
*\,
-«*
'
,
***
*/
WeRs River
'
I
h\
Mi
^.....V^L-^-T^ fclizabeUrtovn-o.^jf
A D ff dfa D A\fe K -iiM*^ ^h esip0 .P
MU,KUNU ^V^aH|- ^!IP 4F- 6 *-*»• ^ rf| ffl^l
o^Philadelphia^-^jayvllle 1)
>> ""J"™ ^
/ \
Cape Vincent
X^^y^^^^V^cio ^^mw-X
pEUER
,o^
—"""*
I Mid'dlebury
Hamnron'flvillec^^J
~T>own,Roint!
J?
fo"1»*>x VJI^»fc
JXeTcester'Jc.
FT.TiqONDERO'G'AjNj
'//<
trbot
§chroon\Lf,
I
W Hg
.
5/
Eittsford,
lartlnsburg
>
^"J| NORTH CREEK
Sandy Cn
{
1^
Hoonville
'
^
W.Stonj
Saca.
HADLEY
"~"Z^WP
^V
^•)b^n
>^yrariUSO
iubu£n
^i
if
'
VC#
_
—
" (ine
Sfe>
^f
?TROY
ownal
South Vernonllf
Xb^th Adams^iiSi^£^
»o»"
Berlin
Milfordif
(
~o,
&&
,
-9*V
% ^. ^
*%,
*2&T*i>>
eevill
6.
,-«r*^
.
w
roont
cxi8,i:W
^
7
Coyem'an's Jc.
\MillersTi
GreenfieT
/
\,
Ithaca \t
T u;
»
NonViclCfe
^PiHsfield
O^^or^J^-^Stamford
^^^«S»
%»
Uisle
N
:T°vvn j6.
&&?,
Chenango ESrKsX
'
\*A
"T
XD-elhl
EbrtCrai;
VHobort
Hunter
Andes.o
OsWegoJj^ERiE
/A/f
<
leflersouNjc.l
C°°^
A
=1
*
Palmer
Springfield
f^.
i\
!
/^|Ca7?aan
^e
Winstcd'fV
ttH Tnoni P so
Rondout/J
"
Parksvllle
1
High Falls o / ^
^g,
9..
'
Westfield)
jJuStamiccVxIluncock
/
/
«\l
Huntington\
X'Bostoil Cors.
H'X
B Falls
•
tk.Becket.
V/.
5&
Jhoenicia^^
x-~>J;
itat^Llne
/:;
kiI iy«'/Huds6,n
5
Palen
Summit^
epoei
Great-Bend 5
Caf
Pajton
4»er
Montrose o
BELL °V S P ^L
'
Brattleboro'i
"ec(
/v
e
ITNorwibh
co» 49,
<)
Bennington
/^^CHIER RY VALljY (3^^c),oh nrf t , «'So
New
'
/S.Londonderry
/
^\° „/ffCaJnbyidge
rtvill^
CandojjfV
'**
#
'
V
J%
Keene>
Richfield,
Springs
prtlainl
)
,
S^ftATOGA
B*lls
John
GasseltsX
Richfield Jc.
*4°
Ra^<Jall>v;ne
Ruyter
W
=1
tn
Cakenovia'>
!
<r
\l«
C L-lenif^^KEDWARD
V
YQ«K
[\Veerts£2/
('at-
,^fl
J]
Northvlllepl 8p>rinthD
K ng SHS<^J^voortYl alem
V
_ Green£ielduS|(^
JP
»
J
rt/
(
^stK
Trefitbn Fs.)
*
tf
Windsor
TONY CRtEK^l.G^ORGEJf
'BUtco L..
_vork
%
^j$P\
"ego
\
_
The'Glen^^///^7y
TrSlkep_ax^U Ik
I
riVersi^e"
1
Q
Richland
ry
White RJuncO
I
/y
ColliAsvilleN
(ftchfieldp Fl^rmimHori
^^
ol^^e
Ji-
& Elienvlll
JTontlcollo
?
Summit
';HO^E$t>ALE
>
/ y^. *l
J
I
^"Wur^sboro
Wateiftown <v
\
'VY
\
/
aterDur yJ!?
fy> rXin )
Hlddlqlown)*'
1
^
Bernlce
*
ontgomeryj
V8
N
Poughkeepsit
V.
IlcldfRovvn
t/aiiVille
Port
lew paveni^NjYiNiJl:
GySycoury
(JN
^^baana
Stofny Pty
fBranch
Oakland
^^
V.
r*
SuffernT\.
&.
ewton. j^_Pomptonl-'
Stroudsb'g
*^
Penn Haven
s
Pa«
1
Cata*i^sa
^££
ft.
«<?
Ashland
Potts^lta
Tre
«to
( l\*y
'^f
:
$ijto<\\ Vder&''
/V
3/ ^* ta ?'0^^^L
/
Sy
•*•
lyjMontcla!
/^orrlsfo.wn\ NEVV4
Z
flpERSEY
A'ubur:
fSwatara
s*^
"^"sf^o
[R,,,J,.„
I
Blrdsporo
J?l
»\
JVitts'tfVn
-s-1
^
D5ylesto.wnl
^C^TairfoSbi/rg
?
*
Uansdtfle
^rV
-=
JBviageportJ
*>
I
/
^^orM'alk^--^
,
MP
^White Haven
/^
V,,
«
1
.,
,
July,
RAILWAY STOCKS AND BONDS.
1905.]
RAILROADS,
explanation of col nam headings, &c,
For
on
first
page of
Miles
see notes
of
,
41
43
408
57
2d (now 1st) mortgage
Dayton <t Mich.— Com. st'k (ZH p.o. guar.C.H.&D.)
Preferred (8 p. o. guar. C. H. <fe D.) endorsed....
1st mortgage, guar. p. & 1. end by C. H. & D
o
Daytomt Union RR.— 1st M.,s. f. (not dr'n)
e
Dayton Union Hy.— 1st M., s. f., call at par. F... .
Delaware—Stook
82
142
32
224
117
54
FP
Delaware & Chesapeake 1st M assumed, our o
-Stook— 8 p. e. gu. Phlla. A Read.
<t Round Br
,
Del.
1st
,,
PeP
mmgage. $l.800,0<
30
d Hud.— Stock. $M,940,000 (text)
1st M. on Pennsylvania Div. ($1 0,000,000) TJnoir
Soheneotady & Duanesb'g, 1st mort., assumed
Adi' ondi»ck, 1st M. gold.gn. p. & 1. end. C». .o*&r
Car tnnts>,$150,000 payable May. y'rlv
Equlpm't deb., $2,500,000, $200,000 an'ly, Jan. 1
Del.
,
14
57
Usm
,
,
Q.-J.
Q.-J.
Phlla.
A Chambersburg.
do
do
do
do
'05,
3
1925
1933
1958
1921
July 1, '05 2%
July 1, '05, 2%
Apr. 1, 1908
Apr. 1, '05, 1%
Apr. 4,'05. 2%
Jan. 1, 1911
Deo. 1, 1908
July 1. 1949
July 1, '05, 3%
July 1, 1932
Feb. 1, 1912
Aug.20,'05,2%
Aug. 1, 1985
J'nel5,'05,l\
1
Dayton Union Ry.— Union
depot at Dayton, O. Used by Pitts.
Cleve Clnn. Chlo. & St. L Cinn Ham. & Dayton,
Dayton A Union RR. and Erie RR. under lease which provides that
Interest on bonds and other expenses*be divided between them on train
basis. Stook, $321,000, all common. Pres., M. E. Ingalls; Sec, Ralph
Peters; Treas., C. G. Waldo. Office, Cincinnati, 0-(V. 73, p. 1312.)
Delaware RR.—Shellpot Crossing, Del., to Delmar, Md., 95*22
miles; branches, Centrevtlle, Md., to Townsend, Del., 35*15 miles; Clayton, Del., to Oxford. Md., 5428 m.: 8eaford, Del;, to Cambridge, Md.,
3297 m.; Masseys, Del., to Cheetertown, Md., 20*69 m.; other branches,
Cinn. Chic.
10-46 m.; total,
1
RR.—
,
Report.— Earnings entire line as follows:
Tear.
Cross
Net.
Int., etc. Dividends (8 p. c.) Bal., surp
1901.... $2,165,5^8 $661,132 $50,609
$468,295
$142,228
1903 ... 2,019.378
425,296
75,232
207,836
142,223
From surplus in 1904 $136,830 was appropriated for extraordinary
expenditures. -(V. 70, p. 580; V. 72, p. 391, 532; V. 77, p. 1873.)
,
24877
miles.
V. 67, p. 1356.
—
$12,950; interest, taxes
bal., eur.,
etc., $115,960;
p. 129.)
dividends (6 p. c), $179,233;
$287,267.-(V. 68,
Delaware
A Bound Brook RR.— Owns
from Bound Brook
(Central of N. J.) to Delaware River, 27 miles; branches to Trenton, 7;
second traok 27 miles all traok 83 miles. In May, 1879, leased for 990
years to Phila. A Reading RR. for $267,000, paying Interest and 8 p. o.
on stook; lease assumed by Pbila. A Read'g Railwau The stockholders on May U, 1905, authorised a mortgage for $1,800,000 to retire
the outsta idmg bonds.— (V. 80, p 1728; V. 81, p. 210.)
Co.— 'See Map.}— Operates railroad lines
Delaware
from Wilkesbarre, Pa., via Albany, NT Y., to Rouse's Point, on
Canada line, with branches, 821 miles in all. V. 68, p 871.
Lines owned—
Miles.
Linesleased MSee these cos. Mile*.
Lackawanna A Susquehanna.. 22 H Albany A Susquehanna
142
Valley RR. of Pa
17 ITNewYorkA Canada
150
;
A Hudson
—
1
Honesdale Branch
Soheneotady A Meohanioville.
Cherry Val. Sharon A Albany
"TSobeueotady A Daanesburg..
11 Adirondack Ry
|
from Cumberland,
L.,
Leased till May 1, 1927, to the Philadelphia Bait. A Washington,
whioh owns $1,664,475 of the stock: rental net earnings see V.
64, p. 1000. Dividends 1898 to July, 1905, 6 p. 0. yearly. In year
ending Dec. 31, 1904, gross, $2,106,480; net, $569,510; other income,
M
Md., to Piedmont, Md., and several branches, 57 miles. 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 30,1904, gross, $990,447; net, $461, ^35; oharges, $106,323; dividends, $16 ,606; balance, surplus, $193,406.
Cumberland Valley
Owns from Harrlsburg, Pa., to Potomac
River, Md., 82 miles (and with leased lines operates to Winchester, a
total distance of 116 miles). It leases— Cumberland Valley A Martins
burg Railroad, 34 miles; Dillsburg A Meohanicsburg Railroad, 7 miles;
Southern Pennsylvania Railroad, 21 miles; leases Cumberland Valley
A Waynesboro RR 18 miles; total operated, 163 mliee. V. 61, p. 152.
Stock. Etc.— Pennsylvania RR. owns -B975.850 com, and $237,200
pref. The $139,300 8 p
bonds maturing Apr, 1, 1904, were paid off.
Dividends— In 1880 to 1884, 10 per cent yearly;' from 1885, to
jQly, 1905, both Inclusive, at rate of 8 per cent yearly.
A St.
,
V. 79, p. 1461.
,
Mo
Dodson, O. to Union City,
to Dodson, 15 miles; total operated, 47
ni'les. Op* rated by Cleveland Cin. Chicago & St l.oul-, which, jointly
with the Cincinnati Hamilton A Davton owns the $S6,30 stock. Al,
su- plus earnings over interest goes to a sinking fund for redemption
of bon 's at ot above 100. Year ending June 30, 1904, gross. $'53,
o28; net, $1 972; other income, $},OO0; oharges, $20,558; def .$6 582.
Stock and Bonds.— Common
RR.—
Egan, on
Diyron
Ind. §2 miles; leases
;
stock, $2,500,000; 4 p. c. non-cum. preferred stook, $3,000,000; par of shares, $100; For Midland Terminal
bonds, see table above; Midland Terminal equip notes, $24,000.
DrviDENDS.-First on pref., 3 p. c, paid July 20, '03. V 81, p. 210.
Report.— Report of old Co. for year end. Nov. 30, '02, In V.76, p 702.
President, Henry
Blackmer; Vlce-Pres., R E. F Flinech; Sec. A
Treas., John Gorlow. Directors, V. 79, p. 1461. -(V 81. p. 2 0.)
Cnba Eastern RR.— owned from Gr.inadillo Bay, on south ooast
of Cuba, northwest via Guantanamo to forest Lands owned by the Cuba
Hardwood Co., 43 miles; extension under construction to La Maya
30 miles, of whi-h 22 miles operated July, 1905; to be extended eventu
ally to Nipe Bay, on the north shore of Cuba; also branch to be built
from a point near Guantanamo easterly to Baracao. Has five-year
contract with Cuba Hardwood Co. V. 76, p. ! 355. Stock, $2,000,000,
all outstanding
Bonds (see above). Pres., H. W. Bennett. Office, 7981 Wall St..N.Y- (V. 76. p. 1355 )
mn
^a
Cuba
Owns from Santa Clara Cuba, to Santiago de Cubs,
356 miles branches, Zaza Jet. to Sanctl Splrltus, 9 miles; Alto Oedro
to the Bay of Nipe, 31 m.; Ponupo branch, 12 miles, and leases Jucaro
to San Fernando, 42 miles; total, 408 miles
See V. 75, p. 1157, 1347.
Road opened Deo 8, 190^ Govt, loan, $798,450, due Dec 13,1916,
without interest. V. 81, p 264.
Stock authorized, $10,000,000 eaoh of common and « per cent non
cum. pief.; outstanding, common, $6,126,000; pref ?$10,000,000; par
of shares. $100. Bonds, see table above.
President, Franklin B.
Lord; Vice Pre-., Sir William C. Van Home; 8ec, Chas. J Fay; Treas.,
James I. Burke. Office, 83 Montgomery St., Jersey City, N. J.; 80
Broadway, N. Y.— (V. 75, p. 1147, 1307; V. 81. p. 264.)
A Southwestern Ry.— Owns
Dayton&Unloa RR.—Owns from
66
,
Cumberland A Pennsylvania RR.— Owns
&
M. &
J. A
M. &
A.
A.
8 g.
3i«
8
Dallas Cleburne
<4to4iayrly
4>«5 5ia 6
6
Earnings— 11 mos J 1904-05..
Gross.$?56,099; net, $112,0*3
100,f51
July 1 to May 31. 1 1903-04
Gross, 222.827. net
Surp. over oharges, 8 mos §32,573 In 1904-5. agst $39,262 In '03-4
Year 1903-4, gross, $242,038; net, $107,124; interest and taxes, $50,
034; dividend (6 p. c), $48,000; bal., surp., $9,090 —(V. 72, p 675.)
Corvalllw A Eastern RR.— Owns Yaquina o Idanah, Ore., 142
miles. Land grant was 850,000 aores. Successor inl897of Ore. Cent. A
Eastern, and so of Oregon Pacific foreclosed Deo., 1894. Stock. $11,250,000; outstanding, §1,410,000, Mortgage provides for ex tension
eastward to Snake River in Malheur Co.
Earnings.— In year ending June 30, 1904, gross, $147,237; net,
$40,240 total deductions, $65,358.— (V. 68, p. 474; V. 77, p. 2159.)
Cotton Belt.—See St. Louis Southwestern Ry.
Cripple Creek Central Ry.— Divide, Col., to Cripple Creek and
Florence, etc., 77 miles; Victor to Isabella, 6 m.; branches and spars
to mines, etc, 41 miles; total, 125 miles, of which 43 miles standard
gauge. Controls Midland Terminal Ry., Florence A Cripple Creek RR.,
Golden Circle RR., La Bella Mill Water A Power Co., Colorado Trading
A Transfer Co. and $22%000 United States Reduction & Refining Co.
1st mort bonds. See V. 69, p. 851, 1011, 1103; V. 72. p. 984; V. 74,
p. 880; V. 77, p 1542. A reorganization per plan V. 8, p. 2018 (see
also V. 77, p 1542) of the Denver A Southwestern Ry. foreolostd Oct.
4, 1904.
July 20,
D. N.Y.,Farm. L. A T. Co. Deo. 1,
S. N. Y., Knick. Trnst Co. Mar. 1,
J. N. Y., Morton Trust Co. July 1,
N. Guar. Trust Co. of N. Y. May 1,
See text
J.
Kan. & Texas RR., to Cleburne, 10 miles. Operated from Deo. 1, 1902
Extension proposed from Egan to Dallas, 27 n lies, and from Cle
burne to Glenrose, 50 miles. Leased to Mo. Kansas & Texas Ry. V
76, p. 48 Bonds authorized, $150,000 first mort. 30-year gold 5s, dne
Jan. 1, 193.i. President, W. D. Myers, Cleburne, Tex.— (V. 77, p. 88.)
Dayton A Michigan B R.— (See Maps p. 32H, 327.) -Owns
Dayton, O., to Toledo Juno., O., 141 miles; traokage Into Toledo, 1 H m.
Leased May 1, 1863, In perpetuity to Cincinnati Hamilton A Dayton.
Rental is Interest and sinking fund and 8 p. n. on pref. stook and 3*$ p.
Guaranty onpreferred is secured by mortgage of 1871,
c. on oommon.
bat the preferred carries no voting power. V. 56, p. 813. Mortgage of
1856 Is neld alive under mortg. of 1881, whioh is therefore a first lien.
RR.—
24434
See text.
5 g.
? g
5 g.
5 g.
8 In 1903
8
-
1
(P.O.)
Bonds— Prlno)INTKRE8T OR DIVIDENDS.
pal,When Due
Rate Per When Where Payable, and by Sloe &«— Last
Whom.
Dividend.
Payable
Cent.
& O.
Cincinnati.
A O.
do
Q.-J.
J. A J N.Y., Kessler A Co., Cln.
5
J. A D. N.Y., Am. Exoh.Nat.Bk
7
4 g- J. & J. N. Y., Farm. L. A Tr. Co.
Cheeks mailed.
6 In 1905 J. & J.
4^ g. J. & J. Phlla., Broad St.Station
do
P. & A.
4
Q.-F. Phlla., 240 So. Third St.
8
do
3iag. P. A A.
do
7 In 1905 Q—Moh. N. Y.Of .,21 Cortlandt St.
Sept. 1, 1917
do
M. A 8.
do
7
Sept. 1, 1924
do
do
M. A 8.
6
Mar. 1, 1942
do
do
4»sg. M. A 8.
1906 to 1909
do
do
M.15AN
1906 to 1914
do
do
4
J. & J.
May 1, '06-18
do
M. & N.
4
2,620,000
1,000
Jan. 1, 1940
do
do
300,000
1,000
g J. A J.
\
Jan. 1, 1948
do
do
1.300,000
J. & J.
1,000
A L. Pla o. RR,. Dtloa Clin. A B lng.RR., Coop. A Chart. Val — See those cos.
50 26,200,000 See text, Q.-J. N. Y., 26 Exohange PI. July20.'05,2i«
Sept. 1, 1907
do
do
M. A 8.
7
3,067,000
1,000
limited to $20,000 per mile of main line and branches and $15,000 per
mile of sidings. Of the $2,025,000 bonds outstanding, $615,000 were
In Jan. 904, held in the treasury of the Copper Range Consolidated
Co V. 78, p. 228. For 11 months ending May 31. 1905, gross, $562,729;
net, $228,5'S8. Year ending June 30, 1904, gross, $514,733; net over
taxes, $143,047. President, William A. Paine; Sec. and Treas., Frederlo Stan wood, Boston— (V. 78, p. 228).
Cornwall
V. 74, p. 1139.
Cornwall
Lebanon
Owns Lebanon, Pa., to Conewago,
21 '66 miles; branches, 4-78 miles. In June, 1901, the Pennsylvania
Steel Co. acquired $540,000 stook, nearly all the retcainder being
owned by the Lackawanna Steel Co. V. 72, p. 1241, 128').
Drvs.— 5 To 1893 '94 '95 '96 '97 '98 '99 1900 '01 '02 '03 '04 1905
RR.—
A
Amount
$100 $5,500,000
4 i5,000
1895
1,000
1,000,000
1903
1,000
1902 1,000 Ac
6,349.000
1,000.000
1891
1,000
1,292,950
50
484,900
50
94,000
1856 500 Ac
2,401,900
50
1,211,250
1871
50
2,728,000
1881
1,000
225,000
1879
1,000
478,000
1899
1,000
25
2,987,225
500,000
1892
1,000
400,000
1882
1,000
100
1,800,000
1.800,000
1905
1,000
100 40,940,000
1877 1, 000 Ac
5,000,000
500.000
1874 100 <feo.
1,000,000
1892
1,000
6<«0,000
1899
1,000
1,700,000
1900 10,000
Guaranteed Bonds.—
•01 -'02
Had. Coal Co. deb .gu., p. a 1. end., part due. y'ly
Bluff Point Land Improve. Co. lstM.,gold,guar.c
1890
Chat. Ore & I ref. M., oall 105.Co
c**r
1902
Albany A Susquehan. RR N. T. & Canada RR Ohate angay
Delaware Lackawanna A Western—Stock
Con. M. now 1st on roaa& equip ($10,000,000) Fo 194 1877
,
Size, or
Par
of
Outstanding
Road. Bonds Value.
tables.
Cripple Greek Central— Stock (49* non-oum pref.)
Mid. Term. 1st mortgage, g., s. f. F
o*
Cuba Eastern— 1st mortgige. $1,000,000, g. K-.o*
Cuba RR.-lBt M.. gold, $20,000 per mile Tlo.cfcr
Cumberland <6 Pennsylvania— 1st mort., g., gu.G
Cumberland Valley— Common stook
Pref. stook ($243,000 2d pref.)
Gen. M., gold
Date
335
II
Cooperst'n
&
28
10
21
14
57
Charlotte Val. 24
Branches and spurs.
A Saratoga
192
A L'ke Plaold RR. 80
I Rensselaer
H Chateaugay
HUnlon
RR
Jefferson RR. (trackage)
Other lines
II
21
35
28
Total operated (Jan. 1, 1905.843
2
Also leases Utloa Clinton A Bins-ham ton and Rome A Clinton RR.,
44 miles, sub-let to New York Ontario A Western.
History. Etc.—This company was ohartered April 23,1823. It Is
one of the largest miners and carriers of anthracite coal.
Stock. Stockholders on May 9, 1905, authorized 55,000,000 new
stock, mailing a total of $48,990,000. See "Geneial Finances" below.
DrviDENDS. j '84 '85 '86 '87 '88 "89 to '96 '97 to 1900 1901 to *05
8ince'83.%1 7 6 5 5 6 7 y'rly.
5y'rly.
7 y'rly.
Dividends for 1905 fixed at 7 p. c, payable quarterly. V. 79, p. 2795.
Bonds.— In 1899-00 Issued $4,000,000 equipment trust 3»«b and debenture 4s, of which $1,350,000 bave been paid and the balanoe Is payable $350,000 yearly. V. *8, p. 670; V. 69, p. 1193; V. 70, p. 125. Chateaugay Ore A Iron Co. $1,300,000 bonds are guaranteed. V.73, p. 1263.
General Finances.— On May 9, 1899, the stockholders voted to set
aside every year, as a sinking fund to retire stook and bonds and
guaranteed securities, an amount equal to at least five cents per ton of
coal sold or $175,000 to $20o,000 per annum, to be charged against
income account each year (V. 68, p. 926. See ordinance in full. V. 68,
Coal owned and controlled Jan. 1, 1905, 218,644,286 tons.
p. 1180.
In 1900 $200,000 stook was retired from prooeeds of sink, fund; $141,800 in 1901; $151,100 in 1«02. $100,000 in 1303, and $417,100 in 1904.
Stockholders In 1904 subscribed to $7,000,000 new stook at f 135 per
share to retire the *5,000.000 New York & Canada RR. bonds ( D. A H.
receiving as consideration $5,' 00,000 N Y. ACan. 5 p. 0. pref. stock),
to pay for standard-gauging the Cbat. A Lake Placid Ry and of taking
up $'00 OoO of undr-rUing bonds, aggregating somewhat over $2,0"0.000 (lor which $2,000,0*
Ch A. L. P. stock was reoeiv d>, the
Valanoe aooruinu to the treasury. The remaining $3,00 '.000 authorSee V. 78, p.
ized will be held for similar purposes In the future
583, t>85. 1108, 1781: V. 79, p. 269«; V. 80. p. 1170.
Sto kholders May 9. 19<>% authorized Increase of *5.000,000 stock
for conversion, at option of holders to April 1, 1916, of $10,000,000
Albany A Susquehanna 3>s p. o. binds, to be dated Apr. 1, 1906, on
:
336
RAILWAY STOCKS AND BONDS
Vol. lxxxi.
K
RAILWAY STOCKS AND BONDS.
.ekULY, 1905. J
RAILROADS.
Miles
Date
Size, or
Par
of
of
For explanation of column headings, Ac, see notes
Road. Bonds Value.
on first page of tables.
Delaware Md. dt Fa.— Junction & B.— 1st mortgage
Break. & Frank. 1st m. to State, red. aft. Jan.'95.
o*
Other mortgages
Dtlave. dt Northampnnt— 1st M., $2,500,000,g..s f.
Del. River RR. dh Bridge— 1st M.,g.,gu. p.&l.GP.o*
Delaware Susq. <t S. BB.— Stock (auth. $1,500,000)
1st cons, mort., red. at par, see text, gold, in o.o-
Mo
Pleasant Valley Coal, 1st M., s. f., red. 115.
Equip, bonds, ser.A, g., $75,000 due seml-an
Des Moines dt Fort Dodge— Common stock
Preferred stock, 7 per oent, non-cum
...e'&r
1st mortgage, gold, guar. p. <fel.Ce
D.Mo.Ia. F.dt No.— 1st M. ,$14,000 p.m., g.red.Col.o*
Des Moines Union— 1st M. for $800,000, gold.Ce.C
Detroit Grand Haven <t Mil.— 1st equip. M. gu....o*
Consol. mort., guar, (option— see text)
o*
W—
Outstanding
$185,000
200,000
650,000
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
When Where Payable, and by Slocks— Last
Rate per
Whom.
Payable
Cent.
Broad St. Station Jan. 1, 19351
do
do
Jan. 1, 1932
do
do
Overdue.
J N. Y„ Knlckerb. Tr. Co. Mar. 1, 1953
Philadelphia. Pa.
A.
Aug. 1, 1936
3
3
•<•
•
1860
1874
4
5g. J. &
1903
(»)
4 g. F. &
1.300,000
1896 $1,000
Drifton, Pa.
1,500,000 See text M. & N.
50
5 g. M. &N. N. Y. or Miss. V. Tr., StL.
1903
1,120,000
1,000
See text.
1.000
4g. M. & S New York or Denver.
1902
100 38,000,000
5 In 1905
& J. Offioe, 195 B'way, N. Y,
100 45,600,000
& J. N. Y., Fourth Nat. Bank
1886 500 &c. 33,383,000
do
4 12g.
& J.
do
6,382,500
1886
1,000
do
do
500
8.302,000
5 g J. & D.
1888
1890
1,000 X2, 277 ,000
8 J. & J. N. Y., Maitl'd, Coppell.
i g J. & D.
do
do
2,000,000
5
1889
1,000
J. & J. N. Y., Morton Trust Co.
15,200,000
1 889 l.OOO&c
do
do
& O.
1899 l,000<fec 13,283 400
g
i gl
do
do
& O.
1898
1,000
y 6 50,000
i g
do
& S.
do
1901
839,000
1,000
£ g.
& J.
do
do
5
1898
1,000
1,131,000
412 g M. & N.
N. Y., Blair & Co.
1903
1,000
1 ,200,000
100
4,283.100
New York.
100
763,500 5 In 1905 August.
Central Trust Co.
J. & J.
1905
1,000
3,072,000
1901
1.0J0.000
1,000
it. J. <fc J. N. Y., Colonial Trust Co.
1887
671,000
1,000
e M. & N N. Y., Central Trust.
A. & O.
1878
1,000
2,000,000
S
I N. Y. and London.
<
A. & O.
6
3,200,000
1878 200 Ac.
100
4
J. & J. N. Y., Farm. L. & Tr. Co.
1,350,000
10
695
33
All.
All.
Phila.,
'
•
*a.
143
75
4
189
189
65
Detroit Hillsdale dt S.
8t'k,4 p. o. rent'l.L.S.&MS.
Detroit Grand Rapids dt Western— See Perb
arq UETTE RR."
Detroit Lansing dt Northern— See Pere Maeqoett E RR.
M
x Of which $1 677,000 in treasury; also
Delaware & Hudson— (Concluded.)
no t guar anteed.
$2,000, 233 not guaranteed,
the basis of $500 stoo* for $1,000 of bonds. The bonds were offered
at par pro rata to D. & H. stockholders, payable 20 p.o July 25, 1905,
40 p.o. Jan. 10 am. 40 p c. Feb 20, 1906. The refunding will effect a
material saving of interest V. 80, p 1174,1362, 2343.
In Feb,, 1905, the Del. & Hudson and N. Y. Oent. <s H. RR. purohased
the entire stock of the Schenectady Ry. V. 80, p. 652.
Earnings.— Earnings of leased lines in New York State for 3 months:
3 month.*
^MbanyA, Susqueh.-* ^M.Y.Sc Canada.-, r-Rens&Saraloaa.—
end. Mar.
Gross
1905.
fl,530,"80
31.
Net
190J.
$1,8*5,007
(195,440
879,t>92
846,104
.
Sur. over Chgs.
68*590
1904,
1K'6
1904.
$348,42?
$686,088
$658 424
59,662
10D.54 4'MIO
def.1,661 def.i0 8«9 df.228.P50 df.300.4"8
1905.
$H87.817
103,700
Report.— For 1904 in V 80,p.|1170. Coal (anthracite) carried In 1904,
8,255,541 tons; In 1903, 8,657,966 tons; in 1902, 4.640,772 tons
Tear ending Dec. 31—
1904.
1903.
1902.
Earnings of railroads.
$15,071,124 $13,642,954 $11,050,690
Net (railroads)
5,875,843
5.473,758
4,361,540
Interest, taxes and rentals
2,999,957
2,994,860
2.977,120
Profit from railroads
Net coal dept
Total profits
Depredation «f plant
Dividends
Balanoe, surplus
$2,478,898
3,726,259
$1,384,420
1,113,456
$5,256,447 $6,205,157
$803,924 $2,290,363
$2,497,876
$2,87?>,886
2,380,561
(7)2,756,162
$1,696,361
(7)2,450,000 (7)2,450,000
$1,464,794
$47,876
The earnings of coal department in 1904 were $19,583,989; expenses
$17,203,428; net, $2,380,561.
In 1903, $20,543,417; net, $3,726,259'
Officers.- President, David Willcox; Treasurer, C. A. WalkerSecretary, F. M. Olyphant, 21 CortlandtSt., New York.
Managers— Robert M. Olyphant. Alexander B. Orr, Chauncey M. Depew.
James W. Alexander. John Jacob Astor, wiiiiam S. Opdyke, Frederic Cromwpll,
David Willcox. K Suydam Grant, George I. Wilber. C. A Peabody, E. H.
Harrlmsn, James H. Hyde.— ( V.80, p. 117 0, 1174, 1392, 1911, 2343.)
'
Delaware Lackawanna
Dividend.
39
19
De..£n.«eGu4/-lBtM.,$2,600,OQO,g.,red.l03MSto*
70
Denv.Northw. dt Pae.— 1st M., $22,500,000, g.Me.o*
Denver dt Rio Grande— Stock, oom., (see text).Tr. ..
Pref. stock, 5 per cent non-oum., $5O,OOO,O0O.Tr
> _„ 1(,
1st oons. mort. for $42,000,000 }gold..TJs.c &r 1,667
rT _ „* frr
1,667
(now let mortgage)
per mile) g. Us..o*<fcr 1,667
Improvement mort. ($5,000
180
Rio Grande South'n 1st mort., guar.Ce
62
Rio Grande Junotlon 1st mortgage, guar..Ce.o*
Rio Grande Western, 1st M. g. (V.69, p. 284)Ce.c* 436
Utah Cent. 1st M., guar. V. 68, D. 724, g.Mc.
Utah Fuel Co., 1st M., $2,000,000, red. llO.Mo
Amount
337
& Western RR.— (See Map.)- Oper-
ates main line from Hoboken, N. J., opposite N. Y. City, to Buffalo, N. Y.,
410 miles, with branohesto anthraoite region, etc., 547 miles, viz.:
Lines owned—
Miles.
Lines leased— 1f See each 00. Miles.
N.J. State line to N.Y. line. ...114 1\ Utioa Chenango & Susq
97
Br'nohestoN'rthumberi'nd.&o. 80 UValley RR. of N. Y
11
Lines leased—
Warren
19
if
ITMorris & Essex and branches.156 ifSussex, &c
47
If N.Y. Laokawanna & Western. 208
Bangor & Portland Ry., &o.
if Cayuga & Susquehanna
34
(V. 72, p. 435)
75
ITOswegoA Syraouse
35
ffSyraouse Bing. &N.Y
81
Total operated Jan., 1905. 957
History, Etc.— Original oompany chartered in 1832
present title
assumed in 1853. No sub-oompanies (coal and mining) are controlled,
the railroad owning its anthracite mines. In Apr., 1903 the entire
;
stock of the N. Y. & Hoboken Ferry Co. was purchased V. 78, p. 815.
In Oct., 1904, incorpora ed Laokawanna Tunnel RR. V. 79, p. 2085.
Dividends—
Since.
J1881 '82-'84 '85 *'86 to Jan. ,'05
8inoe 1 880, p. 0.
2J3 quar.
8 yearly 7*fl
\ 6%
7 yearly
"In Deo., 1904, 10 p. 0. extra was also paid. V. 79, p. 2642.
Earnings. -Earnings of New York leased lines only:
3 mos.end. Mar. 31.
Hit.
Gross.
Int ~taxes,e.tc Bal.,svr
1905
$2,470,605 $1,318,246 $tH7,»78 $^00,268
1904.
2,054,043
947,878
613,677
334/iOl
Annual Report.—Annual meeting is held on Tuesday preceding last
Friday in February. The report for 1904 was in V. 80, p. 86«; see
also edit., p 844. The following includes all lines exoept Syr. Bingh.
&_N. Y., Sussex RR., Bangor & Portland and Laok. <fe Montrose RR.
xearend. Dec. 31.
1904.
1903.
1902.
Passenger earnings
$5,2lf>,919
$5,083,142
$4,592,036
Freight earnings
21,568,693 22,181,752
15,159,344
Miscellaneous
1,917,379
1,916,069
1,647.384
$28,701,991 $29,180 963 $21,398,7ti4
Net after taxes
$12,049,228 $13,137,560
$6,921,342
Coal department (net)
*3,445,477
'3,036,194
"79*, 477
Other miscellaneous income..
696,725
464,742
401,519
Total net Income
$16,191,419 $16,638,496
$8,115,338
Interest and rentals
$5,324,596
$5,285,658
$5,250,213
Rentals, advances, eto
646,233
948,434
i;>3,627
Renewals and betterments
3,446,719
4,319,166
3,058,149
dividends (7 p. 0)
1,834,000
1,834,000
1,834,000
Extra div. (10 p. c.)
2,620.000
bala nce after dividends.. .sur.$2,319,871 sr.$4,251,238 df.$2,180,652
* Earnings of the coal department
in 1904, $33,593,998; expenses,
|3d,148,521; net, $3,445,477; In 1903, $36,736,325; expenses, $33,700,131; net, $3,036,194; 1902, $19,445,950; net, $7*2,477.
Officers.—President, W. H. Truesdale; Chairman of Board, Samuel
Sloan; Sec. and Treas., Fred F. Chambers, 26 Exchange Place, N. Y.
BOARD.— Samuel Sloan (Chairman), Fredk. W. Vanderbilt, Wm. W. Astor,
Eugene Higgins, Henry A. C. Taylor, J. Rogers Maxwell, Geo. F. Baker, Wm.
Rockefeller, Hamilton MoK. Twombly, James Stlllman.M. Taylor Pyne, Harris
C. Fahnestock. Frank Work, John D. Kockefeller Jr.
—(V. 79, p. 2795; V. 80, p. 868, 996, 1234.)
y Of which $260,000
May 1, '05, 3%
May 1, 1953
Sept. 1, 1952
Julyl5,'05,2i«
Jan. 1. 1936
Jan. 1, 1936
June
July
Deo.
July
Apr.
Jan.
Mch.
1,
1,
1,
1,
1,
1,
1,
1,
1928
1940
1939
1939
1949
1917
1931
1928
July
Nv '05-May'13
Aug.
5%
1, '05,
1, 193*
1, 1931
Nov. 1, 1917
Jan.
July
Nov. 14, 1918
Nov. 15. 1918
July 5, '05, 2%
in trea snry
Delaware Maryland & Virginia RR.— Owns from Harrington
to Rehoboth. Del., 44 miles; Georgetown to Franklin City, Va., 54 miles;
total, 98 miles. Controlled by Phila. Bait. & Wash., which owns $326,200 of the $526,758 stock (par $25), and so by Pennsylvania RR. See
V. 50, p. 498. Loans and bills payable. Deo. 31, 1904, $184,800; other
floating debt, $524,661. In year ending Deo. 31, 1904, gross, $286,822;
net, $40,489; interest, taxes, etc., $49,506; balance, deficit for year,
$9,017—but this does not include interest on the floating debt.
&
Delaware River RR.
Bridge Co.— Owns a
bridge over the
Delaware River near Philadelphia and about 10 miles of connecting
railroad. Capital stock ($1,300,000) is all owned by the Pennsylvania
RR., which guarantees bonds, principal and interest, by endors't. Dividends: Dec. 1900 to 1905, inch, 4 p. o. yearly (2 J. & D.). Sinking fund
Guaranty V. 63, p. 1062, 1159.
is 1 p. 0., but bonds cannot be called.
Delaware Susquehanna
& Schuylkill RR.—Owns main line
from Drifton, Pa., to Gowen, Pa., 31 miles; branches, 17 miles total
owned, 48 miles. Traokage— Lehigh Valley RR., etc., 133 miles.
Opened Feb. 15, 1892. The road is controlled by Coxe Brothers & Co.,
Ino., the coal miners. Dividends Oct. 18, 1892, 40 p. c. in oash; Nov.
25, 1893, 20 p. 0. in cash and 50 p. 0. in stock; Sept. 26, 1894, 26^3 p. 0.
In cash; 1899 to 1901, 4 yearly; 1902, 5; 1903, 6; 1904, 9 p. 0.; 1905,
May, 3 p. o
Earnings.— In year 1903-04 gross, $1,200,465; net, $149,260; dividends (9 p. 0.), $135,000; oal., sur., $14,260. -(V. 75, p. 666.)
Denlson Bonham & New Orleans Ry.—Denison to Bonham,
Tex., 29 miles. Operated since completion Deo. 1, 1901, by the Mo.
Kansas & Texas under a ten-year contract. In Sept., 1903, parties interested in the road acquired the Velasco Brazos & Northern Ry.,
Anchor to Velasco, Tex.. 20 miles. V. 77, p. 823. Stock, $480,000. In
Feb., 1903, permission was given to issue $325,000 30 year gold bonds,
on road between Bonham Jet. and Bonham; V. 76, p. 381. President,
Ed. D. Stager; Sec, John W. Russell.— (V. 76, p. 381; V. 77, p. 823.)
Denver & Inter- Mountain Ry.— Embraoes 27 miles of track
of which 22 steam, Denver to Ralston, and 5 trolley, Denver to Barnum. Extensions are proposed. Successor to Denver Lakewood &
Golden RR., sold in foreclosure on May 19, 1904. V. 78, p 2334.
Stock, $514,300. No bonds issued Oct. 1, 1904. For 1902-03 (old co.),
gross, $60,170; net, $15,592. President, Samuel Newhouse; Treas.,
F W. Loveland; Sec, William Morrison.— (V.78. p.820, 1549, 2334.)
Denver Knld & Gulf RR.— Projected from Guthrie, O. T., northwest to the Kansas State line at Kiowa, Kan., 130 m., of which
Guthrie to Nashville, 78 miles, in operation in June, 1905, and
balance und«r construction; extension also proposed from Guthrie to
;
Oklahoma City, 31 miles. Stock authorized, $15,000,000; outstanding, $1,120,000: par of shares, $100
Bonds are limited to $20,000
per mile. V. 77, p. 769. President, Breckinridge Jones; Secretary
and Treasurer, Henry temple Ames, both of St. Louis.— V. 79, p. 1641.
Denver North western
& Pacific Ry.— Building from
&
Denver
to Salt Lake, about 500 miles, along a line about 100 miles south of
the Union Pacific and 125 miles north of the Denver
Rio Grande
In August, 1905, the first 100 miles to Sulphur Springs, Col., are expected to be in operation. In Sept.. 1904, track laid from Denver to
Arrowhead, 75 miles, of which 50 miles were operated. Expected to
be completed early in IS 06. See V. 75, p. 289; V. 78, p. 1108; V.
80, p. 1362. North we-t. Terminal RR. proposed. V. 79, p. 1704. In
June, 1905. a a syndicate headed by William L. Bull of New York
agreed to finance the road. V, 81, p. 155.
Incorporated in July, 1902, with $20,000,000 authorized stook,
of which $10,000,000 pref. 5 p.c. non-cum., all to be issued for construction, together with $20,000,000 of the $22,500,000 4 p. c. bonds. V. 75,
p. 1147; V. 79, p. 102. President, David H. Moffatt; Vice-Pres.,W. G.
Evans; Treas., W. E. Ross-Lewin; Sec, F. B. Gibson.— (V. 81, p. 155.)
(See Map)— Road— The lines of this
Denver Rio Grande
oompany, together with those of the Rio Grande Western Ry., whose
&
stook
is
RR.—
substantially all owned, are well
shown on adjoining map.
Miles.
Miles.
Road owned and operated... 2,398
Of the preceding:
Rio Gr. Jo. RR., etc. (leased)
62 Standard gauge
Narrow gauge only
Total June 30, 1904
2,460 2d track and 3d rail
Rio Grande & Southwestern RR., Lumberton Station,
.
1,544
917
405
Col., 42
907. Branch
miles southeasterly, will be acquired in 1904 05. V. 79, p.
to Farmington, N. M., 52 miles, was completed in July, 1905.
History.— Reorganization of a railway company of same name foreclosed July 12, 1886. The Rio Grande Junction is leased jointly by
Mils oompany and the Colorado Midland, and its bonds guaranteed.
The Colorado Midland is controlled by parties interested severally in
the D. & R. G. and Colorado & Southern. V. 70, p. 739.
The Missouri Paoiflo early in 1901 acquired $14,800,000 oommon and
$7,300,000 preferred stock, this, together with the Rockefeller interests, it is understood, constituting a considerable majority of the entire stock. V. 72, p. 338, 580, 1238 V. 73, p. 506.
D. & R. G. and Rio Gr. West, own a majority of the stook and have
given a traffic guaranty to the Western Pacific Ry. (which see), building from Salt Lake City to San Francisco.
Drvs. since ) '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 1905
2*3 4
'91onpf.,p.c. S
5
Stock.— During 1901-2 pref. stook was increased from $23,650,000 to
$44,400,000, to acquire the Rio Grande Western stock. V. 72, p. 775,
;
020022
45555
338
RAILWAY STOCKS AND BONDS.
[
Vol. lxxxi.
.
July,
RAILWAY STOCKS AND BONDS.
1905. J
KAILROAD8.
Miles
Date
Size, or
Amount
of
of
Par
For explanation of column headings, Ac., see notes
Road. Bonds Value. Outstanding
on first page of tables.
<e Mackinac— Fret, stook. $1,000,000 autli
All
"1st lien," $1,500,000. gold.
...c
"Mort. bonds" $1,750,000 gold.red.atpar.Mo.o*
All
Det Tot A lr.— i>et. So.-O. So. kit. M., red.105.Ce 263
Car trusts unretired
Gfn. lien & dlv 1st mort $1,253,000, gold. IV
All
Oonsol. mortgage, $22 500, 00, g>ld
Text
Notes for A Arb..$ .000,000 au .red 102»?.U»m
Equipment trust otes, due$4« 8 000 June, >'lv
"48
Dcl.&Tol. rtA.L.-lstM $3.000,000,g.gu.p.&l »le.c\fer
Dover <& Rockaway Stock, 6 p. o., rental 999 years
Detroit
Mo
$100
1895
1895
1901
abt.40o,00(>
K
i
—
"5
mortgage
Dub. <t 8. City— m. Cen., W.
1st
i'.ooo
i'.boo
100
1881
1.000
1895
1.000
1869 500 Ac.
218
184
328 •88-00
184 1887 1,006 Ac
184 1896
1,000
65 1892
130 1893
i'.obo
130 1898
1,000
156 1885
1,000
416 1887
1,000
572 1890
1,000
1892
lines, 1st M.,g.Us.o*&r
Falls A Sioux City 1st M.. la. F. to 8. City
Cher A Dak.,0. R. AC. and OmahaDlv.etc.lst M
cfcr
DiUuth dt Iron Range 1st mortgage
p
2d mort., currenoy, red. at 105, $5,000,OOO.Ce.o*
Duluth Missabe <6 North'n— 1st mort., gold, 8. f
1st oonsol.M., $3,500,000, g., call at 105
Ce
2d mort. ($5,000,000) gold, red. at 105
Ce.o
Duluth 8o.8h.<6 A Uantic— Marq.H.AOn.gen.M.Ce.o
Duluth South Shore A Atlan., 1st M., gold.Ce.o&r
Flrstoonsol. mort., gold, Interest guar. Ce.c*<fer
Inc. certs. ($3,000,000 held by C. Pao. July, '02)
Car trusts June 1, 1905
Dul Va. A Rainy f-afce— 1st M., $2,000,000, g...o*
Dutchess Oounty RR.— 1st M., g., gu. (text). Me.. o*
Iowa
M
—
1905
1905
1905
1905
1903
"l2
East Mahanoy RR.— Stock.
Bast Pennsylvania—-Stook 6p.o gu.999yr8.Phil.AR.
IstM., gold, guar. p.Al. by P.* R. RR. (end.)...o*
Basl Tenn. Va. <£ 0a.— See Southern Rt.
East Tenn.ttW.N Oar.— 1st M.$250,0O0.UuP.our.o.
1902
1890
50
50
"36
36
1888
31
1881
New mortgage, $50>,000
1,000
1,000
1,000
1,000
1905
Bonds.— Consols of 1886 for $6,900,000 originally reserved for extension to Ogden may be used for capital requirements. V. 78, p.
507. See abstract of mortgage in Chronicle, V. 47, p. 228.
The improvement mortgage abstract was In Chronicle, V. 47, p. 229
Abstraot of R. G. W. 1st mort. was in V 49, p. 237. and statement
to N. Y. Stock Exchange, V. 50. d. 7S; also V. 69, p. 284. Utah Fuel 1st
5s of 1£31. see application to list, V. 78, p. 1171. 1178, 1548, 2015.
The Rio O. W. first consol. 4s of 1899 are secured by a first mort
gage, eitherdirectly or by all their securities, on 202 miles of branoh
lines, and further by a second lien on 438 miles of main line and other
road, and on all new mileage to be constructed and rolling stock pur
chased, inoluding 50 miles of branches to Heber and ooal mines built In
'99; $15,200,000 are reserved to retire the 1st 4s, $4 036,000 were is
sued at $'0,000 p»-r mile for branoh lines, or securities representing
the »ame. $«00,O<>0 to retire first mortgage bonds and $8,500, 00 for
equipment and Improvements. They are also secured by • first lien
on the entire $10,000,00o stock of the Utah Fuel Co Additional con
sols may also be Issued at $20,000 per mile for future branohes and
extensions or for underlying liens of acquired roads 8ee application
to list in full, V. 72, p. 537. V. 72, p. 775, 1189 List of securities
deposited as collateral June 30, 1904, V. 79, p 909
Latest Earnings.— From July 1 to May 31, 1 1 months:
Bal., sur
11 mos.—
Gross.
Net.
Oth. inc.
Charges.
1904-5. ..$15.4*9,135 $^.201,726 $196,773 $3,7*6 821 $2,611,683
5,73\9M 210."75
..
15,046 266
Annual Report.- For year 19 >4-5 (part y
1903-4
3,«>-l
599
2,265,128
estimated), surp us over
oharges, $2,770,929 again s $2,454,413 in 1903 4; dividends on prer.
stock (- per cent), $2,25<»,000; bal, sur., $520,929, against $234,413.
Full report for 1903-04 in V. 79, p. 899, 907, the Rio Orande Western
being lnoluded In three later years only. See p. 879
1904.
1903.
1902.
1901.
Year ending June 30—
2,347
1,668
Average miles oper'ted
2,398
2,378
$
$
$
$
Gross earnings
16,446,434 17,304,559 17,036,828 11,452,404
4.328,506
Net earnings
6,387,991 6,674.709 6,705.286
209.717
214,345
165.762
111.374
Other Income
4.439.880
Total net Income
6,602,336 6, 84.426 6,871,048
Interest on bonds.
1,855,1*2
3,170,802 3,083.404 2,1-98.093
Taxes and insurance..
580.016
396.471
662.041
671,470
500.000
Betterments, etc
436,797
Miscellaneous
310,314
274.864
305,651
29^420
1.182.5Q0
Dividend on pf. stk.5% 2,220,000 2,220,f00 2,22" .000
Balance, surplus
362.625
730.92a
234,413
185,764
Officers—Chairman of Board, George J. Gould; President.E. T. Jef
fery; Vloe- Presidents, (has. H. Sohlacks and A. P. Bird; Treas., J. W.
Gilluly; See. and Compt.. Stephen Little. Office. 195 Broadway. N. Y
Mortimer L 8ch1fl. Wlnslow S Pierce. B. TTajlor, A
Caief. Joel F. Vaile and Arthur Coppell, New York;
Charles H. tenia, kg, Denver, CoL
(V.79,p. 2696. V. 80, p. 472,871,1111,2219 2399; V. 81. p 31.)
Directors.— Georee J. Gould,
Jeffery.
W H
H
—
Denver 6c South western Ry.— See Cripple Oreea Central Ry.
Dei Moines 6c Fort Dodge RR.—Owns Dee Moines to Ft. Dodge
A
4
4
6 yearlv
7 yearly
5
5
F. Day; Treas., F. H Davis;
Sec., W. S. Crandfll. Rental for vear ending Deo. 31, 1904, $149,493:
1901, $165,7^3 -(V. 79, p. 268, 786, 1704, 2587, 2696: V. 80 p. H74
Des Moines Inwa Palls 6c Northern Ry. -Iowa Falls, la., to
Des Moines, 75 miles; completed Aug., 1903. Extension north from
Iowa Falls to be built soon.
Stock authorized, $l,2c0,0C0; outstanding, about $<*00,o00 In April,
1905; par of shires $loo each. Bonds are subject to oall at 105 on
and after July 1, 1906; they are limited to$14.000 per mile, with $50,000 additional for Des Moines terminals. Pres't. E S. Ellsworth. Iowa
Falls; See., J H. Funk; Treas., W. H. Woods. -(V. 76. p 158.)
Des Motnes Union Ry.—Terminal road in Des Moines; owns 4
miles main track and branches, 14 miles 2d and side tracks, bridge
across Des Moines River and 25 acres of land in Des Moines. See
statemei t to N. Y. Stock Exchange V 65, p 1173 Leased to Wabash.
BR., Chicago Great Western, Chic. Mil. A 8t P. Ry rhi< a«o Burlington A Quinoy RR and Des Moines Iowa Falls & Northern Ry. V. 75,
p. 342. Rental equal to expenses and fixed ohartres paid monthly hy
lessees on wheelage basis
Stock authorized, $2,i>00,000; outstanding,
$400,000; par $100. Bills payable June 30, 1 904 $84,5*2 Year 190304, gross, $259, n5; net, $5*,212; oharges. $54,212 —(V. 75, p. :<42.)
Detroit Grand Haven 6c Milwaukee Ry.— Owns from Detroit to Grand Haven, Mich., 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
bonds or mortgages, $226,000. On June 30, 1904, sundry outstanding
pref. (p. c.)
Ptes
,
s
2
Edwin Hawlev;
Vlce-Pres., L.
)
,
by
8toe ks— Last
Dividend.
4.253.000
2,675.000
5.5^0,000
2 080,0
2.116,1)00
A. A O.
6
140,000
J. & J.
35,000
6
5,425,000
4 g. F. A A.
A. A O.
2,800,000
7
8,930,000 IllluolsO entral b
A. A O.
6,732,000
5
See text
6
J. A J.
1,174.000
6 g. J. A J.
1.490.000
6g. J. A J.
3,943.000
5 g. J. A J.
6
A. A O.
1,077,000
3.816.000
5 g. J. A J.
15,107,000
4g. F. A A.
3,000,000
4
24',3t3
See text.
5 g M. A 8.
350.000 4i« (6) g. J. A D.
J.AD.iB
497,750
5
1,730,450
J. A J.
6
495,000
4g. M. A 8.
250.000
See t xt.
M.
6
&
N. Y., 143 Liberty
St.
Apr., 1905,
Jan.
do
N. Y., Office, 214 B'way. Aug.
Oot.
do
do
onds or collateral there for.
do
N.
Y,
Of.,
Empire Bldg.
do
do
N. Y., Central Trust Co.
do
do
New York, 44 Wall St.
do
do
New York or London.
New York.
Oot.
0%
1,
1,
1,
1906
1951
1917
1,
1937
Jan. 1, 1916
Jan. 1, 1922
Jan. 1, 1923
Jan. 1, 1918
Apr. 1, 1925
Jan. 1, 1937
Aug.
1,
1990
Deo. 31, 1912
1905 to 1906
Moh. 1. 1922
Minneapolis, Minn.
Fid. I.T.A S.D.Co.. Phil. June 1, 1940
Phlla., Pa., Read. Term. Jnel5.'05,2»*
Phil., Phil. A Read. Ry. July 16/05.3%
N.
Moh.
1,
1958
Nov.
do
do
1,
1905
aooounts, $353,405. Grand Trunk of Canaaa own the $1,500,000
Vs to offer to bondholders in 1900, see V. 71, p 84.
Gross, $536,674; net, $91,069
Earnings— 5 mos., >1905
4-.700
...Gross, 442,^83; net,
Jan. 1 to May 31. \ 1904
For year ending Dec. 31, 1904, gross. $1,356,151; net. $336,865
oharges, $360,261; bal., def., $23,395. For 1903. gross, $1.25-2,204.
stock.
Detroit Grand Rapids A Western.— See Pere Marquette RR.
Detroit HI llsdale 6c Southwestern RR.—Owns Ypsilant', Mich.,
to Bankers, Mich., 65 m. Leased in perpetuity July 1, 1881, to the Lake
Shore
A
Mich. Southern Co.; rental $54,000 oer year
—4% on stook.
Detroit Mackinac 6c Marquette RR.—SeeMiscellaneousCOS.
Detroit 6c Mackinac Ry.— Owns from Bay City, Mich., to Che-
m
Prescott Branch, 12 m.;
boygan. 195 miles; Rose City Branch. 32
Lincoln Branch, 14 miles; Au Gres Branoh, 8m.; various logging
branohes, (largely temporary) 69 miles; total, 330 miles. Extension
north from Tower to Cheboyean, 22 miles, was completed in July.
1901, and to be continued to Mackinaw 2 < miles further. In 1903-04
earned 872.768 tons, of which forest products furnished 61 72 per Ot.
In 1902, Henry K. McHarg and associates acquired control.
Bonds.— "Mortgage bonds" for $500,000 were reserved for betterments, etc, at not over $50,000 per year. V. 74. p 629 In addition
to the amounts showa above as outstanding, $450 000 "first Hen" and
$100,000 'mortgage" bonds wereon June 30, 1904, held in the treasury.
STOCK.— The capital stock Is $3,000,000, of which $2,000,000 00mmon and $1,000,000 5 p, o. non-cum. preferred. See V. 74, p. 629.
Div. on pref., 2** p c, July 1, 1903; sinoe to July, 190% 5 p 0. yearly.
Gross. $904 ,1 87; net, $264 269
Latest Earnings.—
5 1904-5
Gross, 8^4.353; net, 285,891
11 mos., July 1 to May 31. 1 1903-4
Earnings.— Report for year ending June 30, 1904, was in V. 79, p.
2145, showing, gross, $981,315; net, $378,157; int , taxes, ere. $164,177;pref.dlv (5 p. c), $47,500; bal., sur. $166,480.-(V. 79,p. 8145.)
-
RR.—
Tod
(See Map. )— Operates from
do 6c Ironton
Detroit
Detroit, Mich , to Ironton, via Lima, 384 miles, Including 46 miles of
traokage; branches, Kingman to Sed^lia, O., 31 m, ack-on to Corand Lisman Jet to Dean. O ., 3 m.; total, 438 miles; coal
nelia, 20
mine tracks, yard tracks and sldinsts, 121 miles. Outlet f r bituminous oo-.! of South rn Ohio. In June, 1905, cmtrol ot the Ann
Ardor
was acquired (see Bonds below) and mad* 99-year iraokage
agreement with Cin. Ham. A Dayton for entrance into Toledo. See V.
81. p. 264
Okg\nization. -Incorporated in May. 1905, a" successor, per plan.
V. 80, p. 650. of the »elroit South. RR., foreclosed May 1, 1905, subject to Oh o Southern Dlv mortgage. V. 80, p. 2344. 1856. The plan
provided #2,5<
00 cash for expanses of recelv rshti> and reorganization, lmtrovements equipment, development of terminals, extensions,
m
,
RR
I
'
etc..
V.
0. p.
1478.
»-TOCK. -Pom stock representing oontrol (par $101)... $12,500,000
1st preferred 4 p c non-cum.. with preference al o as to
MS-ers an<i convertible at opti >n of holders into 2d pref.
7,500,000
.
la., 88 m., andTarato Ruthven, 55 miles; traokage, Illinois Central Tars
to Fort Dodge Junction. 6 m., lnoluded above On Mar I, '904, Minneapolis A St. Louis acquired $2,f>30,000 of the $4,283,100 common
stock, and guaran tee* the $ < ,072,000 new first mortgage 4 per ceut
gold bonds, whioh were issued to retire all the outstanding bonds
maturing Jan. 1, 190^; the Minn.
St. L. lea e* the road for 30 years
from Jan. 1, 1905, all income over charges, improvements, >tc.. to be
paid to Ussee V. 79, p. 268, 1704, 2085. Form of g uarnn y. V. 7t», p.
26^6. Preferred stocfe is entitled to 7 p. o., non- cumulative, then
common to 7 p. 0., after whioh both share equally.
'95
'96 to '93
Dividends.— > 1893 '94
1899 to 1903 '04 '05
on
Bonds— Prlnclpal.When Due.
K. McHarg. July 3, '05, 2»«
5 In 1908 J. A J. N.
4 g. J. A O. N. Y., J. P. Morgan <St Co. June 1, 1995
do
do
June 1, 1995
4 g. J. A D.
Moh. 1, 1941
4 g. M. A 8. N. Y, Colonial Tr. Co
New York.
To Oct 1,1912
4Vi to 6
1955
Int. from Deo 1, 190*
4 g.
1975
Int. from Aug. 1, 1905
4^g.
Deo. 1, 1908
J. A D
5
To J me, 1915
4>«
J. A D
4 g. J. A J. N. Y., Mercant. Tr. Co. Jan. 1, 1953
1,0*0,000
1.250.000
4,3 4.000
,
.
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and
Payable
Whom.
Cent.
Y., H
$950 000
1,000
1,000
1,000
339
non cumulative (par $100)
5,000,000
Ist4->are seoured by mort. on entire
s> stem, including future prop-rty, exoept Toledo terminal.
The cnwol 4**h cover the whole syst-m and are also a first lien
upon th-i «took of the Toledo Southern RR. and all addl ioual mileage
constructed o>- acq lred by means of b'»nds oth rtha the $2,675,000
uow to be issued. The $2 ,500,000 consols are issuable as follow :
Reserved to retire Ohio South rn Division bonds
$4,500,000
general lien and divisional 1st M. 4s. . 4,2^3,000
o
do
do
car tiust notes
3 '0,o00
do
Issuable at par for assessment on stook
1,175,000
To und rwritlngsyndi a r e for cash
1,500,000
Rexerv^d for issu" by directors for oorpora e purposes at
ot exceeding $50,000 yearly ..
2,500,000
Resei ved especially for extensions, terminals at Toledo or
elsewhere, Ohio Riverbridge or bridges, improvem'ts, etc 8,252,000
The K per en* notes of 1905 ($5 50 «,0<>0 resent issue) are secured
hy $3,001,000 Ann Arbor preferred and $<S 1«0,"00 common stocRand
$? 000.000 Det T. * I. oon-ois. A further amount of $1 500 000 may
be i-s f<X to itcqmre the remaining Ann Ar tor stock. V 80, p. 2457,
2«20; V Hi. p. l.">
EXCHANGE OF OLD 8ECTJRITIKS FOR NEW STOCK ANO BONDS.
neciireri.
Payi g
Eneh f \<inn /—
s>fss.
JSewU. New i-^s. Pre/, ttfc. id pref.
1st M. 0-5-aros ($3,^«»,0in)....Non9
$1,10j
2d preferred 5 p.
Bonds.— f*en
o.
lien
and
divi-*.
<
>
,
$1,000
...
Preferred g nek ($i.5>o.000)
$00
$1U0
vi
..
$400
..
Oni'iion toon 1$. 0,50i.0» )
60
Report of old company for year ending June 30, 1904, in V. 79,
p. 22"2, showed on 438 miles, gross. $1,488,93"' net, $199,849; int.
and taxes, +i09,9»4: bal., sur., $210,145. In 1902-3, ross $1,444,900;
net, $354 965.
President, Frank A. Durban, Zanesvllle, O. -(V. 80. p.
.
2457, 2620.
Deitolt
V
81
p.
15 ,264.
A Tol do Shore
Line
RR.— Extends from Toledo to
(suburbs of) Detroit. 47*6 milep; 2d track, 20 m sidings, 3 m.; traoka>e over Toledo Ry <fe Terminal Co., etc., 31 m.: local track, 101-6
miles; aid wi b 80 ib. steel rail. See V. 7-<, p. 2598.
The UrandTrunfe Western Ry. and theTclodo St. Louis & Western RR.
own the entire stock and Jointly guarantee the bonds, principal and
:
—
RAILWAY STOCKS AND BONDS.
340
|
Vol. lxxxi.
Lowen/£__jkc^
*¥
fc\\\
Granld Rapidai
,
Kacine
^
llosha
AWaukegan
/a'ukegan
„
Ci^k
SNv,
iH^
/breef
_ /.
„
,X> /NA
am »nBOR*7 \
*iQrt r
*<!}!
o8
W.7
I
r
/
"<;/,„,
>
ARQ
Il.,ll.-ifid>{
S° u
>vnividale'Xfc|,
_
Ottawa BeafcL
*c:s
>UNDe £
Homej
/
^^V\
'
«P
I
^^§ehopl(?rBft
GoshenR
AB.
\
/
Angola/ ''l
^^
'"
iu's\
Butler
i*
3iyan
I
Mdtllesbn
AiiHiuii)
Warsaw
Claypqol
KanKakke
fe~"~ Akro
fiidlaV
^•VVKewarm^j-^Fort Wa^ne^
li..ivi
HAM.
rs
, -fSoutliJjMiay.
/7V^
r.iu in u
lioodlai d
-
Kok umoNj-JIaTioii^
V
&Bs LATER /\
"Sf^^
«hk
/ \ ^^fSn
8* 6
•'FS?/
v>~7
sk&ts
\
.V
JnfTrfiTy^h-f^*//! T, n ,.IT
Mount VeVion
J}^^
L
<$\
%,
«d
i
><*/TSi*
r">A
/Terre\Haute
\
/Sullivan
nA
Frcneh Lick
^\
(X.
i
1.1.
''
5
j«S»
llrtown
1
1
1
/
/
a
U<^
^ep>
«\e
,
f
Xn^
<<V
Lawi'cn.jiljiug/,
//
°'l
\«-
/C^NNATI>^S^V^\i^OBNe Ve.oyF \wood " ^j
y
V
*
/^^^'l^ ^!''
OHIO
C/\
,,\..
-2i!WlJ uil<i'i'sl'iirg
OHIO
X
^r
A.
Hamilton
inl.usl
s ejTiio
^70" ^-"x \o^r^
'
\M
Cottage Qrovel
>%
V^aldweJI'
Xema^^o\^^^!tidl%- -^7uneuWdty^^>v ee V c
K
Bast /
/JTEast / ^ *<5XT V>s
J^o,^*x
V/i'.i.„, t,.r\
iGlouster \Marletta^
Carhsl£\$j
Connrisville\
ohio
Yi/
-TSK^BM-T.
\
~-—~J Zanesville/^~
^p>^
p\
\iw a/saw /kew^ro'i'erstowH;
.Newark
fCO-LUMBUS
—
\<&
a
JasperP
%
/(Edison
...™
r
Taware^
Massillojr
$$&<$£*
.Muricic
tfiriizil
INES
^>^\
fDelrihi
^fayetfet
Lodi
CCFiUMSUS GB
Logans].., it'
(Ox ford
Hie
WAB.
(New Paris
-a.
Hillsdale
^**
h *'
^s"^
^fc
^CHes. p^CHARLESTO.N
J
Jvansville
v
'Sl
'A
Lexington
MAP OF THE
&
Detroit, Toledo
Ironton
AND THE
Ann Arbor
Railroad
Channel City
\
-^.CoalbufJ
\
.
Thurmond
I
Whitehouse
Inverness
1
Ry.
Ashley
i
•oGooilwill
t>
sS^
>
rJ'
/<\\i\g Stone Cap
^
V
I'iiralinjlWX,V
f :-W
f
^
;
'
;i11
""
'fl|iu-v«\l'-
^ X JV I
A
)
July,
KALLWAY STOCKS AND BONDS.
1905.]
RAILROADS.
For explanation of column headings,
on first page of tables.
<feo.,
Date
1st mortgage
<t
1884
• .
Pitts.—Stock, 7 p.
Consolida TED.
N.Y. &E. 1st M.,Plerm. to Dun., ext., '97, gold..o x 447
447
c*
2d mortgage, (extended In 1879) gold
447
c*
3d mortgage, (extended In 1883) gold
475
o*
4th mortgage, (extended in 1880) gold
475
o*
5th mortgage (extended In 1888), gold
60
Erie R'y.lst M.,Buff. Br., Hornellsv. to Attica,g.c*
526
1st consol. mort., $30,000,000, gold, $ & *.F.o*
526
N. Y. L. E. & West, funded coupon bonds, gold.o*
o*
140
Bufl. N. Y. & Erie, 1st M. (Buffalo to Corning..
67
Buff. & Southw., 1st M., Buff, to Jamestown, g.o*
B—
Y. 1st M.,
g.,
extended in 1889.0*
Bonds on Properties Controlled bt
*Bergen Co. RR., 1st M.,Ruth. Jo. to Ridgew. N.J.
*Ch.&Erie 1st M.,g. (Marion,0.,to Ham'd.IndCe.o*
Chicago & Atlantic Terminal, 1st mort., g.Ce..
{Elmira State Line Railroad, 1st mortgage
flGosh. & Deok't'n, 1st & 2d M's., ($60,000 are 2d)
TTMont. & Erie, 1st & 2d morts. ($40,500 are 2ds)
12
OWNE
10
250
7
50
50
1,000
1.000
500
50
100
100
100
«.
>-••
A— Old Bonds Assumed— Roads
1847
1849
1853
1857
1858
1861
1870
1878
1876
1877
1868
RSHIP
1881
1890
1888
1875
'68-'69
'66-'67
1,000
1,000
1,000
1.000
500 &o.
200 &o.
1,000
500 &o.
1,000
50
<fec
1,000
OF ENTI
1,000
1,000
1,000
500 &0.
*»«
by endorsement. See form of guaranty, V. 76, p. 653. The
unissued bonds are reserved for extension.8 and improvements.—
President, T. P. Shonts— (V. 77, p. 88, 250, 628; V, 78, p. 2442, 2598.)
Dominion Atlantic By.— (V. 79, p. 2747; V. 80, p. 711, 996.)
Sioux City RR.- (See Map of Illinois Central)—
Dubuque
Owns Dubuque, Iowa, to Iowa Falls. 143 miles; Iowa Falls to Sioux
City, 184 miles; Manchester to Cedar Rapids, 42 miles; Onawa, Iowa,
to Sioux Falls, Dakota, 155 miles; Cedar Falls to Minnesota State Line
(merged by consolidation in 1896), 76 miles; Tara Station, near Fort
Dodge, la., to Council Bluffs, 130 miles; total owned, 730 miles.
Organization.—Controlled since April, 1887, by the Ill.Central RR.,
which owns all except a few hundred shares of the $15,000,000 stook
(as increased June, 1900). and has issued its own bonds on the road;
the only D. & S. O. bonds held by the publio are the 7s issued under
Iowa Falls & Sioux City mortgage, $2,800,000. Lease.V. 79, p. 1274.
Dividends Since 1894—1895, Dec, 1 '96, 3; '97, 2; '98, 3^; '99, 3;
1900, 3; 1901, Ha; 1902, Jan. 1.— (V. 70, p. 1290.)
Duluth
Iron Range RR.— Owns Duluth to Ely, Minn., 119
miles, withbranohesto Mesaba Range Mines, Fayal, etc., 65 miles. Owns
ore docks and yards on Lake Superior costing over $1,500,000.
Stock, Etc.— Stock authorized, $10,000,000, outstanding $3,000,000;
par $100. Land grant from Minnesota about 506,000 acres, of whioh
201,790 acres had been patented to it prior to April 30, 1895; V. 64, p.
1041. Federal Steel Co. (see U. S. Steel Corp.) owns the stook and
$3,500,000 of the $4,500,000 2d mortgage bonds. (V. 66, p. 1237.)
First mort. bonds authorized, $25,000 per mile for oonstruotion and
$7,000 for equipment. Dividends prior to 1900 aggregated 100 p. c;
in 1901-2. 6 p. c; in 1903-4 from accum. sur.. 150%. V. 79, p 2085.
For year ending June 30, 1904, gross. $4,003,215; surplus over
charges, $1,032,470. In 190*-3, gross. $6,029,939; net, $3,578,294;
other income, $32,827; interest, $606,600; depreciation funds, $448,351; balance, surplus, $2,566,170.— (V. 79, p. 2085.)
interest,
&
;
&
&
Duluth Missabe Northern Ry.—Owns from Duluth to Mountain Iron, Minn., 77 miles; branches and spurs, 76 miles; trackage to
Union Depot, Duluth, 2 miles; total, 155 miles. Contract for branch
from Alcorn northwesterly to Buckeye Mine, 54 miles, was let in June,
1905. Entire $2,512,500 stook and $2,047,000 of bonds owned by Lake
Super. Consol. Iron Mines, and so by United States Steel Corporation.
V. 72, p. 1038. In 1903-4 paid dividend of 150 p. c. from accumulated
surplus. V. 79, p. 2085. For year ending June 30, 1904. gross, $3,701,416; sur. overcharges, ¥1,142,431. In 1902-3, gross, $5,116,530; net,
$3,215,246.-(V. 79, p. 2085.)
Dulutli South Shore
& Atlantic Ry.—Operates Duluth to Saul^
Bte. Marie, 415 miles
"Soo" Junction to St. Ignace,
m.; total, 579 miles, inoluding 10 miles of trackage.
;
43 m.; other, 121
Capital Stock.—Common stock is $12,000,000 preferred, $10,000,000 par both $100. Preferred stock is 6 per cent, non-oum. Canadian
Pacific Julyl, 1904, owned $6,100,000 com. and $5,100,000 pref. stook,
$3,000,000 incomes and $15,107,000 consols.
Bonds, &c— Abstract first mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has Interest at 4 per cent,
guaranteed by Canadian Pacific, which July 1, 1904, held the entire
;
;
outstanding issue [$15,107,000] in its treasury as security for its 4 p. c.
debenture stook consols for $4,893,000 are reserved for prior bonds
and additional amounts may be issued at $20,000 per mile of new lines.
Latest Earn's.— 11 mos., ) 1904-5. .Gross, $2,451,899; net, $790,905
July 1 to May 31.
2,296.336; net, 700,451
S 1903-4 .. Gross,
Def. undercharges, $190,990 in 1904 5, agst. def. $*64,106 in lt:03-4.
Report.— (Report for year ending June 30, 1904, in V. 79, p. 1326 )
Tear.
Cross.
Net overtaxes. Oth.inc.
Interest.
'Balance.
1903-4. .$2,524,612
$564,764 $11,484
$859,700 def. $283,452
1902-3.. 2,772,134
14,665
813,831
859,700
def. 31,204
Of the tonnage in 1903-0 A, ores furnished 41 p.c, lumber, etc., 31 p.c.
Pros., W. F. Fitch, Marquette, Mich.-(V. 79, p. 1 326; V. £0, p. 472 )
Duluth Virginia Rainy Cake Ry.— Projected from Virginia,
Minn., northerly to Koochiching, 97 miles, with branches, of which 25
miles from Virginia to Ashawa was in operation in April, 1904.
In Apr., 905, the Virginia & Rainy Lake Ry. was incorporated with
$2,000,000 authorized stock to take over, it was understood, co trol
of the company and allied corpora' ions. Stock authorized, $2,000,000.
In March, 1902, filed a mortgage to the Minnesota Loan & Trust Co. of
Minneapolis, as trustee, to secure $2,000,000 bonds, of which $1,500,000 are issuable at $15,000 per mile of single track and remainder for
rolling stock, etc.
President, Wirt H. Cook; Secretary, David O. Anderson.— (V. 74, p. 679, 936.)
;
&
Dunkirk Allegheny Valley & Pittsburg.— Owns
kirk, N. Y., to Titusville, Pa., 91 miles.
A
from Dun-
consolidation in 187?.
Operated since Oct. 1, 1901, by the Lake Shore <fe Mich. So. Ry. for
account of New York Central, to whioh leased for 500 years from
1873 at Ha p. o. on stook. Capital stock, $1,300,000, N. Y. Central &
Hudson River Co. owning $1,067,600; par, $100. For year ending
June 30, 1904, gross, $292,428 net, after deducting taxes ($13,143),
$62,481: oharges and dividends, the latter, $19,500 (Hq p. c), paid by
N. Y. Central.— (V. 70, p. 1290.)
Dutchess County
Poughkeepsie to Hopewell Jet., N. Y.,
12 miles. Leased to Central New England Ry. for interest on bonds,
taxes and rental of $100 per annum, but lease assumed by New York
New Haven & Hartford RR. on Deo. 1,1904. Stock, $300,000; par,
$100— (V. 79, p, 2641.)
;
RR.—
& J,
& N,
J. & J,
M. & N.
J. & J.
J. & J.
A. & O.
Q.-M
J. & J.
J.
5
M.
g.
5
500,000
5
500,000
7
500,000
6
963,000
570,000
5
7
2,000,000
3ifl
4,458,000
112,378,900
16,000,000
47,892,400 4 in 1904 F.
1,000
•
1890
85
85
o.
.
Newburg & N.
Outstanding
Houas— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate Per When Where Payable, and by Stocks—Last
Payable
Whom.
Dividend.
Cent.
$1,000 None Ju'e'05
1,000
$8,500,000
1860
1863
&
run
rental,999 yrs..PennCo.
General mort. (now 1st) $4,500,000, g., guar.! Jn
Erie Railroad—Com. stock, $133,000,000 auth..
2d pref stook, 4 p. o. non-cum
lstpref. stock, 4 p. c, non-oum
Erie
1904
1891
75ifl
to
Par
Amount
Road. Bonds Value.
Eastern Ry, of Minnesota— See Great Northern.
El Paso Union Pass. Depot- 1st M.,g., $240,000 8. f,
181
Mlgin Joliet <6 Eastern—1st M. ($10,000,000) g.Ce.o*
Elmtra Cortland <6 Northern— See Lehigh valley RR.
Mlmira&LakeOnt.— SodusBay&So.— lstM.,g.Unc 100
Elmira <t Williamsport—BVk, com., 5 p. o. ren'l, N C. 75*3
Preferred stock, 7 p. c. rental, 999 yrs.,No. Cent. 75ia
Income bonds, 99 years
Size, or
of
Miles
of
see notes
341
N. Y., No.
Am.
Tr.
Co Deo.31,'16'35
RR. &
Bast Broad Top
1941
Phila.,
Various
Various N.
6
5
1,
Bank Com.
July 1, 1924
Broad St. Sta.
May, 1905
do
do
July, 1905
do
do
Jan. 1, 1910
do
Oct. 1, 2862
do
N. Y, Union Trust Co. J'nel0,'05,ll*
do
do
July 1, 1940
N. Y., Nat.
& A. N.Y..J.P. Morgan* Co,
2,482,000
4g. M. & N. N. Y, 21 Cortlandt St.
do
do
2,149,000
5 g. M. & S.
4i«g. M. & S.
do
do
4,617,000
do
do
2,926,000
5 g. A. & O.
do
do
709,500
4 K- J. & D.
do
do
4 R. J. & J.
182,600
do
do
M. & S.
7 R.
16,891,000
do
M. & 8.
do
3,699,500
7 Kdo
do
J. & D.
2,380,000
7
do
do
1,500,000
6 g. J. & J.
do
do
250,000
5 g. J. & J.
RE (*)ORA M AJORITT U)ofCa pital Stock, or bt (f
A. & O. N. Y., 21 Cortlandt St.
6
200,000
do
do
12,000,000
5 £• M. & N.
do
do
300,000
5 K. J. & J.
A. & O. Elmira,Chemung Co.Bk
160,000
7
246,500
170,500
May
N. Y., 71 Broadway.
Y,
21 Cortlandt
Feb. 28, '05, 2
May
1,
Sept. 1,
Mch.
1,
Oct.
1,
June 1,
July 1,
Sept. 1,
Sept. 1,
June 1,
July 1,
Jan. 1,
1947
1919
1923
1920
1928
1931
1920
1920
1916
1908
1929
Lease.
Apr. 1, 1911
May 1, 1982
July 1, 1918
Oct.
1,
1905
1928-29
1926-27
St.
Coal Co. (Pa.)— Owns from Mount
Union, Pa., to Woodvale, Pa., 31 miles, Shade Gap RR., 11 miles,
and branches to mines, 3 miles The Shade Gap RR. was to vote Aug.
15, 1902, on consolidation. See V. 75, p. 77. A coal road, opened In
1874. Stock $815,589 (par $50), of whioh $247,189 is 6 p. c. pref.;
ourrent liabilities June 30, 1904, $404,813. First mortgage 4s ($500,000) due July 1, 1903, remain unpaid; no int. paid thereon since Jan.,
1885. Other bonds, $42,400, int., 6 p. c, payable M.-N. Year 1903-04,
bal., defloit,
fross, $155,395; net, $60,954; interest, etc., $78,769
17,815. President, Wm. A. Ingham— (V. 77, p. 145).
See New Orleans Great Northern RR.
Bast Louisiana
Owns from East Mahanoy June, to St.
East Mahanoy
Nicholas and branches, 11 miles. Re-leased Dec. 1, 1896, for 999
years to Little Schuylkill Nav. RR. and Coal Co. at 5 per cent on stook;
and lease assigned to Phil. & R. Ry. Of the stook $283,650 is owned,
$280,000 being deposited by Reading Co. under its general mortgage.
Owns Reading, Pa., to Allentown, Pa.,
Bast Pennsylvania
35 miles; seoondtraokl8 miles; all track 76*5 miles. Leasedfor999 yrs.
from May 1, 1869, to the Philadelphia <& Reading RR. at a rental of 6
per cent per annum on the stook and interest on the bonds.
Lease assumed in 1896 by the Phila. & Reading Railway Co. Of the stock
$878,850 Is owned by the Reading Company, $875,000 of whioh is deposited under its general mortgage of 1897.
Bast Tennessee Virginia & Georgia.— See Southern Ry. Co.
Bast Tennessee "Western North Carolina RR..—A narrow-gauge road from Johnson City, Tenn., to Cranberry, N.C., 34 miles,
including 3 miles leased. Stock, $501,900. Extension from Johnson
City to Elizabethton, 10 miles, was completed as third rail in May,
1905. Controlled by Cranberry Iron <fe Coal Co. The stockholders
voted June 14, 1905, providing for the payment of the present bonded
debt authorized $500,000 bonds to be secured by a new mortgage. V.
80, p. 1478. For calendar year 1904, gross, $161,730; net, $65,259;
int. and taxes, $10,251: bal., sur. $52,003.— (V. 80.p. 1478.)
Bastern Kentucky Ry.—Road from Riverton to Webbville, Ky.,
36 miles. Chartered in 1866 and opened through in 1889. Stock is
common $1,697,800; preferred, $1,779,500; par. $100. No bonds. Bills
and aocounts payable June 30, 1901, $38,034. Earns, for year 1903-4,
gross, $63,612; net, $4,689. In 1902-3, gross. $66,594; net, $1,977.
Eel River
See Logansport & Toledo Ry.
El Paso Union Passenger Depot.—V. 78, p. 704; V.79,p. 2795
V. 80, p. 1911.
.
;
RR.—
RR.—
RR.—
&
RR.—
Elgin Joliet & Eastern Ry.— Owns from Waukegan, 111., on
Lake Michigan, via Spaulding and Joliet, to Porter, Ind., 130 miles,
and branches Normantown to Aurora, 10 miles—Walker to Coster, HI.— 33 miles; Hammond to Whiting, Ind., etc, 19 miles; total
main line owned, 192 miles spurs to coal mines, etc., 26 miles;
trackage, Chicago & West Indiana, 4-8; Belt Ry. of Chicago, 2), 7 miles;
second track 16 miles; side tracks and yards owned, 118 miles; total
track operated, 369 miles.
Organization.— An outer belt line at Chicago for transfer of freight
;
without breaking bulk.
owned by Federal
Also reaches coal
Steel Co.
fields.
Entire capital stock
and so by United States Steel Corporation.
Stock.— Stock, $6,000,000, par, $100. Dividend, 4 p. o. yearly (in
Deoember) in 1899 to 1904, inclusive.
Bonds, Etc.—First mortgage balance unissued oan be disposed of
for extensions, betterments, etc
Report— For calendar year 1904, gross, $2,208,559; net, S75 3,101.
Tear.
Gross.
Net.
Oth. income.
Interest, etc.
Surplus.
1902-3... $2,196,418 $671,295
$13,089
$468,5?0
$215,814
1901-2... 2,178,484
795,800
19,225
404,544
410,481
President, A. F. Banks.— (V. 74, p. 151, 205; V. 75, p. 1399.)
Elmira Cortland Northern Ry.— ( See Map Lehigh Valley.)—
Owns Elmira, N. Y., to Canastota, N. Y., 118 miles, and leases during
corporate existence, Canastota Northern, Canastota to Camden, N. Y.,
21 miles. In 1896 the $2,000,000 stock was purchased and 5 per
cent bonds were guaranteed by the Lehigh Valley and the road leased
in July, 1903, for 999 years to the Lehigh Valley Ry. of New York, a
subsidiary company. (V. 63, p. 402.)
Elmira Lake Ontario
Owns from Canandaigua, Y., to
Chemung Junotion, 64 miles Sodus Point to Stanley, 34 miles other 2
—total, 100 miles. A consolidation in Deoember, 1886, of the Sodus Bay
& Southern and other railroads. Leased at cost of operating to the
Northern Central, which owns all the $1,500,000 stook. Lease may
be terminated on thirty days' notice. Year ends Deo. 31.
Earnings.
Balance .
Gross.
Inter est, <tc.
Net.
1903
$944,437 op def.$6,769
$93,777 del- $100,546
1902
828,244
20,701
68,089 sur.
88,790
Elmira &l Wllliamsport
Owns from Williamsport, Pa., to
Elmira, N. Y., 75^ miles. Leased to the Northern Central Railway
for 999 years from May 1, 1863. The dividends on the oommon stock
are 5 p. o. and on the preferred 7 p. c, less taxes, making dividend on
common 4'52 per cent and on preferred 6-35 per cent. Year ending
Deo. 31, 1903, gross, $1,474,246; net, $262,324; rental, $199,511.
&
&
RR.—
N
;
;
RR.—
El Paso & Northeastern RR.— See New Mexico Rt. & Coal.
& Pittsburg RR.— Owns New Castle, Pa., tr Girard, Pa., 81
Erie
miles; branch, to Erie Docks, 3 miles; trackage, to Erie, 17 miles; total
operated, 101 miles. Leased to the Pennsylvania Railroad for 999
years from Maroh 1, 1870, at a rental of 7 per cent on stook and
—
.
RAILWAY STOCKS AND BONDS.
342
RAILROADS.
first
Date
Miles
of
see notes
or
Size,
Amount
Par
of
Outstanding
Road. Bonds Value.
page of tables.
June RIt.— (Concluded)— B—Controlled by
Bonds— Princl
INTEREST OR DIVIDENDS.
pal, when Dae.
Rate Per When Where Payable, and by Stocks— Last
ship o f Entie e(*)oeaMaj obity (J)
67'69 $500&c.
$300,000 4*2 A 6
2,800,000
1,000
37 1889
1885
1.000
7,500,000
If:
"52 1896 100 <fec.
1,500,000
!«•
34 1880 500 &0.
400.000
1892 500 Ac
629,500
5
1882
1,000
1,100,000
6 our.
N.Y.L.E.AW.C.A RR.lstM. ."lawful mon."Mpo*
1883
3,396,000
1,000
6
*N. Y. L. E. & W.D.& I. Co. Is M., V. 56, p. 82. F.c*
4i«g.
422 1880 500, Ac.
8,000 000
gold, $ A £ F.o*
*N. Y. Pa. & Ohio, prior liei.
Do. Leased lines— see separate statements for Clev. AMah Valley RR. and Sha ron Ry.
f N. Y. Susquehanna & Western— Northern New Jerse y-Tio ga RR. —See each c ompany.
C— Frie
J.
A.
A.
M.
M.
J.
M.
J.
M.
New Bonds.
South west'n, gold.. Mo. e*
Railroad Company
2d mort. on Buffalo
&
67
F.o*Ar
Prior lien bonds, $35,000,000, gold
o*&r
General lien, $140,000,000, gold
Pa. ooll. tr. M., $36,000,000, g., s. f., tertrnccfcr
lstoon v.M., $50,000,000. «., conv.int.com. stk.sc*.fcr
Erie* Jertey 1st M $10 000 000, guar
N.Y.L.E.A W. oar tr.,B. to G. inol., part pd. an.o*
N.Y.Pa. & Ohio eq. trusts, snk. fd. 3%, dr'n at 100
New Erie RR. equipm't trust, gold, part yearly
1895
1895
1895
1901
1903
1905
,
1,000
1,000
1,000
l.OOO&c
l.OCOAc
1,000
88-'90
£100
1900-4
1904
gold, $160,000 due semi-ann
do
Avon Geneseo A Mt. Morris and Rochester A Genes see Va
Eureka Springs—See St. L. A No. Arkansas RR
40 1879
Evansville A Indianapolis— T.H.A South. IstM.Fo*
55 1884
Evansville & Indianapolis 1st M., gold, guar.F.o*
Con.M.($2,500.000)g.gu.p.<fti.(end.)E.AT.H.Fo"
135 1886
do
Bvans. A Terre Haute—Common stock, Vol
Preferred stock, non-ouniulativc See text. Col
Consol. mortgage (1st lien) gold
o*
1st consolidated mortgage, gold.F
Mt. Vernon Branch mortgage, gold
F.c*
i'.ooo
lley Sto
1,000
1,000
1,000
50
50
.
115
144
25
1880
1881
1883
1,000
1,000
1,000
and the lease transferred to the Pennsylvania
Company. Tax suit, see V. 71, p. 135.
Stock.— The stockholders on Jan 9, 1905, authorized an increase in
the stock from ?2,000,000 to $4,500,000. the new stock to be issued as
interest on the bonds,
required for imDi ovements, to be subordinate to the old stock, but to
be guaranteed 7 p. o. dividends. V. 80, p. 162.
EABNING8.— The lease was unprofitable to the lessees In former years,
the deficiency being in 18H8, $137,967; but in 1899 profit. $'2,873: Id
1900. profit. $118,216; Id 1901. profit. $307,498; in 1902, profit,
$254,142; in 1903. profit. $197,549.— (V. 80. p. 162. 472.)
Erie Railroad.— See Map on adjoining page.— Embraces trunk
line from Jersey City, opposite New York City, to Chicago. 111.. 99 f>
miles, and branches 1,317 miles; total, 2,315 miles; second track, 742
miles; 3d and 4th tracks, 33 miles: total, 3.090 miles
Miles.
Leased lines.
Lines owned in fee.
Miles.
Piermont, N. Y., to Dun kirk.... 447 Avon Gen. A Mt. Morris
1T15
Buffalo to Jamestown, N. Y
67 Montgomery A Erie
1T10
to Corning, N.
Northern RR. of N. J
140
Buffalo
fl26
Y
Other branohes
Slock all * or nearly
-Chicago A Erie RR
139
all
t
owned.
Tf250
•Jefferson RR
N. Y. A Greenwood L.
H45
Goshen A Deokertown
Rooh. A Genesee Valley
Other lines
Leased to Nypano RR.
fll2
1118
43
RR ... T152 Cleve. A Mahoning Valley RR. H81
{New Jersey A New York RR. 1T38 Sharon Railway
1132
59 Other lines
Erie A Wyoming Valley RR.
54
*Nypano RR
11422 Trackage
167
ITiogaRR
58
U See this company.
.
140
Lines in system June 30.'04 .2,315
N. Y. Susquehanna A West.. 238
History.— On Deo. 1, 1895, succeeded to the property of the old New
York Lake Erie A Western RR. Company, sola in foreclosure on Nov.
6 under its second consolidated mortgage. The new company holds in
fee or through ownership of all or practically all the stock of the indeSendent companies, the line from New York to Chicago (including the
ypano RR. and Chicago A Erie companies) and also all branch and
subsidiary lines except a few small properties. The reorganization
plan of 1895 was in V. 61, p. 368.
In January, 1898. oontrol of the N. Y. Susquehanna A Western was
obtained, v 66, p. 83. 335, 573, and editorial p. 53. See Stock below.
In Jan., 1901, entire stock of Pennsylvania Coal Co. was acquired,
the purchase including valuable coal mines. Erie A Wyoming Valley
Other lines
RR..Scranton. Pa., to Laokawaxen 59 miles. SeeBoNDBbelow V 71, p.
1219, 1311; V. 72, p. 44, 136,241, 532.627; V 73, p. 398. In 1901 an
Interest In the stock of the Lehigh V. RR. was purchased. V. 73. p. 391.
Coal and Steamboat Property.— The Erie ooal properties repre
sent an aggregate of 10,500 acres of anthracite, of which about
9,000 acres are held in fee also 53,000 acres of bituminous ooa)
lands held iD fee 14.000 acres of bituminous held under mineral
rights. Its coal tonnage in the year 1903-04 aggregated lf>,010,2»4,
out of the 29. 35,lo5 tons hauled. The Union 8teamboat Line (merged
in Erie RR. Co June 30, 1896). has terminal, etc.. properties in
Buffalo and 8 lake steamers. SeeV. 63, p. 514. The Penn. ooal properties acquired li 1901 are additional.
See above.
Stock.— The voting trust was dissolved May 1, 1904. V. 7", p. 1*>49.
The prior lien and the general lien bonds f 1895 hive 10 vo'es or
each $1,000 of principal, th ir authorized issue* aggregating $175.000,000, of which £74,044 OOOoutstandlng In Jul> 190i. Thecompany
reserves the right to redeem either olass of its pref stock at par in cash.
Provisions of pref «took were in Supplement of April, 1897, page 3.
In Mar., 1898, Erie 1st pref. stock was 'ncreasert from t>30,< '00.0OO to
$43,000,000. nd common stock from $100.000000 to $113,000,000 to
acquire New York Husq. A Western stock.— See V. «6. p. 335, =>73. The
1st pref stock was run her Increased in 1901 $5,000,000 in connection
with the purchase of the Peinsylvania Coal < o. V 72. p 136. 532.
In 1- Oi common stock was increased to $133,000 <" to pr vide for
$10,000,0 O (firf tissue) 01 convertible debentures. V. 80, p. 136:.
Dividends, p. c. )
1901.
1902.
1903.
1904.
1^05.
I 1*
On 1st preferred S
3
3"«
4
-Feb., 2
Bonds.— The new first consolidated mortgage is for $175,000,000
[Farmers' Loan & Trust Co. trustee]—see abstract of deed V.62, p. 89,
and secures $3f>, 000,000 prior lien and $140,000,000 general lien bonds.
Both series have votm« power; see "stock" above.
Of the $140,000,000 general lien bonds, $92,073,000 are reserved for
the ultimate acquisition of bonds and guaranteed stocks left indis
turbed on various parts of the system [see list V. 62, p 89], and $17,000,000 were reserved for new construction, betterments, addtions,
etc, after 1897, not over "1,000.000 to be used In any one year.
;
t-
1
.
i
.
The position of the first consolidated mortgage is substantially as
follows: It is a first lien [mortgage or collateral, the prior lieu bonds,
however. preceding the general lieu bonds] upon the company's chief
ooal properties (except Penn. Coal Co.), upon its water transportation
lines (including valuable terminal properties appurtenant thereto),
and upon a number of profitable local lines In New Jersey and near
Buffalo; It is a second lien upon certain minor coal properties and
apon the railroads leading to all the coal properties, upon the terminals at Jersey <1ty, upon the Buffalo New York & Erie Railroad
(the main line to Buffaloi and the Buffalo terminal properties other
than those upon which it is a first lien, and upon the entire line from
Salamanca to Chicago; It is a second consolidated mortgage upon
the lines between Piermont and Dunkirk (447 miles).
Dividend.
LE A8E.— Oonel.
of Oapi TAL 8TOCK,OE BY
8
.
,
Whom.
Payable
Cent.
O WNER
*Jeffer8'n,l8tA2dM's.,ex.in'87A'89(H'daleBr.)c
1st inert., Carbondale to S. depot, gold..FP.o*
'Long Dock Co.oons.M.,g.(now lstM.)(seetext)o*
flN.Y.AGreenw. L., Prior lienM.,$l,500,000.N,g.
JNew Jersey A N. Y., 1st M. (reorganization). ..o*
Gen. M., $1,200,000 (red. 105 after 5 years). ..g
M
[VOL.LXXXI.
•
explanation of column headings, Ac,
on
:
»
1,000,000
5 g.
35.000.000
4 g39,044,000
4 g33.000,000
4 B
10,000,000
4 &
See text.
4
25,*70
5
788.159
f g.
4,456,21? 4ia A 5 g.
1,440,000
4g.
oka 8ee th OSE C08.
J.
J.
J.
F.
A.
A
&
A
A
A
A
A
A
A
(H)
J. Phila.. Fidelity Tr. Co.
O. N. Y., 21 Cortlandt 8t.
July
Morgan A Co.
Oct.
O. N. Y..J. P.
N.
do
do
do
do
do
do
N.
J.
N.
J.
S.
May
July
Mar.
do
do
London.
New York.
A D
May
May
Jan.
A 3. N.Y., 21 Cortlandt St.
A J. New York A London.
A J. N. Y.. 21 Cortlandt St.
A A
do
do
A O.
do
do
Various
Various
Various
J.
do
do
do
do
do
do
1,
Jan.
*2?-'29
1,
1,
1,
1,
1,
1,
1,
1,
1909
1935
1946
1910
1933
1922
1913
1935
1908
1996
1996
1951
1953
1955
Yearly to 1905
1908 A 1910
July
1,
Jan.
Jan.
Feb.
Apr.
1,
1,
I,
1,
Yearly.
Dec 'OS-Do '09
251,000
M.A S. N. Y., Bankers* Tr. Co Sept. 1, 1909
7
647,000
do
do
July 1, 1924
6g. J. A J.
1,602,000
6 g. J. A J.
do
do
Jan. 1, 1926
3,987,383 Hflin'01 M. A N.
May 1, '01,11*
1,283,333 5 in 1904 A. A O.
Checks mailed.
Apr 15, '05, 24
30,000
J. A J. N. Y., Bankers' Tr. Co
July 1, 1910
3,000,000
do
6 g. J. A J.
do
July 1, 1921
375,000
6 g. A A O.
do
do
Apr. 1. 1928
The
entire
collateral trust
4
8 of
1901 are secured by 51 per cent of the
New York Susquehanna A Western
stock ($26,000,000 total
Co. stock, and the stock
of the Erie A Wyoming Valley RR., Scranton, Pa., to Laokawaxen, 65
miles, and Del Val. * Kingston RR. Of the bonds $32,000,000 were
issued to acquire these stooks (except N. Y. S * W., already owned),
remaining $4,000,000 (of which $1,000,000 has been issued) being reserved for Improvements to properties of which stooks acquired. A
sinking fund of 10 cents per ton of coal sold purchases bonds at not
exoeeding 105, otherwise to be applied to the drawing of bonds by lot,
all each bonds to be kept alive and the aoorulng Interest thereon to be
added to the sinking fund, which, it was estimated, will be sufficient to
V 71, p. 1219. 1311; V.
retire the whole issue at or before maturity
72, p. 44, and oircular, p. 136. 532,257; V 79, p 212. In 1901-2,
Included aboveas outstanding was purchased by sinking fund.
$768,000
The convertible 4s of 1903 ($50,000,000 authorized issue) will be
Issued from time to time as required and may be made convertible
into common stock at a price to be fixed when the bonds are issued, but
not lees than $41 &* per share; they will oover all the company's property Buojeot to underlying liens. The first $10,000,000 for improvements and equipment is convertible on basis of $100 bonds for $200
stock from April 1. 1905. to \pril 1, 1915. V. 76, p. 382. 541.
Erie & Jersey guaranteed bonds, se« Finances below.
Real estate mortgages outstanding Sept. 30, 1904, 4765,850.
Old Bonds— Under the first oonsol. mortgage ot 1895 the company
covenants to pay the Interest regularly on all the old bonds in the
table that are marked with a * or a J (exoept N. J. A N. Y. bonds,)
and to take them up and pledge them with the trustee at maturity.
Long Dock 6s see March, 1894, Supplement under N. Y. L. E. A W.
For N T. Lake Erie A W. Coal A RR., see Sup January, 1895.
Finances.— In 1903-04 $1,360,000 general Hen bonds were issued
for oonstruotion. etc. V 79, p. 1647. As to purchase of one-third
interest in majority Hooking Valley common stock, see that company.
In 1903-4 $ 0.Oi 0,0(i0 convertible 4s were Issued forUnprovemente
and equipment V 7« p. 382. 541; V. 78. p. 76X; V 79, p. 2205.
The Erie & Jersey RR, with $600,000 authorized stock, will build a
low tirade cut-off fr in Hi. hi md Falls, via Campbell all to Guymard,
N. Y., about 40 miles. An issue of #10,'Ki0 o
first mortgag- 50 year
4 1 er cent bonds was contemplated to cover the cost. V. t«0. p 2621.
Earnings. 1 1 mos., / 1904-5 .Gross, $tl,396,863; net, $10,891,930
Julyl to May 31 ( 1903 4... Gross, 41,1<>8.528; net. 10,627.198
For >) mos ending Mar. 31, 190!\ net. $9. 20 8> 0, agst $8,216,473;
other in. ome, $213,476; charges, $8,462,898 bal., sur, $7^1,377.
Annual Report.— Fiscal year ends June 30. Report for 1903 4 given
in full in V. 79, p 1635, 1645;
see also editorial on page 1611.
Average freight train-load. 4V8-78 tons, against 432 68 in 1902-03.
•1903-01.
*19ol-2.
* 1900-1.
*1902-3.
Miles operated
2,150
2,154
2,156
2,153
Issue),
all
of
Pennsylvania Coal
the
1
1
$45,201,163 $45,83 >,413 $40,891,434 $39,102,302
Gross earnings
Working expenses. 32.581 ,8 38 29,925,758 27,927,098 28.406,974
Net earnings.... $12,6 9,325 $15,904,655 $12,907.3 5 $10,695,328
Net ooal oomp's...x*l,993,91 1 x$2,670,2M0 x$l,702,491x$l,274,830
412.K07
Other lnoome
242,721
221,247
314,995
Total net Inc. ..$15,0,56,043 $18,8*9,9 10 $14,91v;,54i $1^.191,405
Interest
.593.68S
,461,375 $8,39«,891 $7,541,730
'1,053,9*9
Rentals
1,142,974
1,112,163
1,139,483
223,409
P.o.duel's'd lines..
189,204
22^,900
215,696
Int. on equip, tr's ..
339.072
298.590
269,599
284,791
Miscellaneous
352.339
255,023
194.027
290,352
Add'ns A Iiuprv'ts.
1,540,320
2 377 855
249/.01
.
Divs. on 1st pf
(4)1.6l5.696(81 2 )l'676',2'34( 3)1.436;7^2 (1 ifl)718.386
Balance, surplus.
$1.09«.036 $4,379,178 $2,947,906 $2,104,771
• The 1003-0* earnings compare with those of 190\>.'ii nnd 1901-08 but not
those '>f 1000-01, own* 1 chunked in methods iif accounting.
x Represents the protHs of trie Pennsylvania Ooal Co. for 6}£ months ending
Jun>- 80, 1»"1, and of the other coal properties for the two Tears from July 1,
1809. to June SO, i«oi. Tbe correspc dinn Item under 1«P9 00 embraces the Income from the latter properties for 1808-U; In the later three jears profits for
the year of all c.oai properties. Includine Pennsylvania oal Co., are included.
Officers— President, F D. Underwood; 1st V -P. and Gen. Solicitor,
G F. Brounell; 2d V.-i\, G. A. Kiohardson; 3d V.-P H. B. Chamberlain; 4th V.-P J, M. Graham; Secretary, David Bosnian; Treas., D. W.
1
<
,
,
Blgouey: Comptroller. M. P. Blauveit
Dirkctorh.— Ciias.
Steele, J. J. Goodwin, John G. MoOullough,
Alexander E. Orr, F. D. Umterwood, Samuel Spenoer,
Francis Lynde Stetson, Jeo. F. Baker, J. J. Hill, Norman B. Ream,
H M'K Twomblv. K H. Harriman. William C. Lane, Louis L.Sianton,
Robert Bacon.— (V. 80, p. 1362, 1912, 2621; V. 81, p 31.
EvaiiMville A liirflaiiapoll* HK.- Owns Evansville to Terre
Haute. Ind. (via Worthln*rton), 134 m.; leases branch, 12 m. A consolidation in 1H85. Of the consols $898,000 held to meet prior liens. The
consols, and the bonds of 1924 are guar an teed by Evans. A Terre Haute,
which owns capital sto^k. «2.0O0.0OO Company owns no eqnipment.
In 1903 04, gross, *364.146 net, $75,913; other inoome, *12,845; in-
D. O. Mills,
$179,146; bal. .deficit for yeai $90,387. -(V 75,p.980.)
The system lnoludes
Controlled op. separately. Miles.
Indianapolis
Evansville A
Evansville to Terre Haute
via Worthlngton, eto
146
Evansville Belt (stock held).
5
Leased to other oo.'s RookTotal in earnings
vllle extension
23
161
terest, taxes, etc.
Evanitvllle A Terre Haute
Road owned and operated. Miles.
Evansville to Terre Haute.. 109
Brandies to Mt Vernon, etc.
50
RR.—
|
—
July,
1905. J
RAILWAY STOCKS AND BONDS
M\
c
.
.
RAILWAY STOCKS AND BONDS.
344
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
Date
Size, or
of
of
Par
&o., see notes
1st general mortgage for $7,000,000, gold F..c
Fall Broo k— Stock ($500,000 Is 7 per cent, pref.)..
183
92
Fitchburg—Prel. 5 per cent rental
Bonds, not mortgage
c
Bonds to State of Mass. 4 p.o. since Feb., 1897.0
Bonds
o'
Bonds, not mortgage
c&r
Bonds, not mortgage
o*
Bonds, not mortgage ($1,359,000 due 1915.... o"
Bonds, not mortgage ($2,750,000 are 4s of 1897)
Bonds, not M. ($1,775,0' are 3^8 of 1901). .o&r
Bonds, not mortgage, $3,660,000, cur
Troy & Boston lstmort. (V. 53, p. 405)
35
Brookline & Pepperell plain bonds, guar, (end)
Vermont & Mass. plain bonds, guar
....
Mint dt Pere Marguette—8ee Peke Marquette Sta TEME
Aie Line Rt.
Florida Central <6 Pen.— See Seaboard
Florida West ijhorc— 1st M., $2,000,000 g.,gu.,p &i.
60
londa Johnstown A Gloversv.—Con.M.., $500,000..
26
26
1st consol. refunding mort., $700,000, gold.N.o*
Gen. refunding M., $1,500,000,(V.71, p. 34).N.o*
26
4
Johnstown G. & Kingsboro 1st M., assumed
14
CayaduttaEleo. lstM.,gu.,p.&l.,byF.J.& G.N..,g.
.
lstcon. gen.ref.M. $7,000,000, g., red.l20.N.o*<fcr
Me.o"
Ft. Smith <& W.— 1st M., $7,500,000, g
Fort Wayne <6 Jackson—Pref. stock, 5*2 p. c rental
Fort Worth & Denv. Oity—Pl. stk. "stamp, ctfs." 4%
1st mortgage, gold, $18,000 per mile
o*
Fremont Elkh. <£ Mo.Valley—Bee Chic. & Northw.
Gainesville A Gulf—1st mort., $150,000. gold... So*
Gainesville Midland— M., g., red. ($50,000 2dM.)..
Galveston Sarrisb. <£ 8. Antonio— 1st M.,g.,land gr.o"
Me
1895-6
1897-8
1900-1
declared In
0.
1904—paid
1904
1,000
1881 100 <fec.
1,000
1897
1900
1,000
1893
1,000
1892
1,000
1902
1,000
1904
1,000
100
100
1,000
1881
712,000
200,000
500,000
800,000
50,000
350.000
4,000,000
1,000
48 1899
55 1904 Various
256 '71-'80 1.000
455
2*a p.
o.
$1,725,189
775,360
23,562
Total net Inoome
Interest on debt
Taxes and miscellaneous
Evansv. & Ind. deficit
Dividends on preferred
Depleted equipment
Balance, surplus
Oct..,
1904.
V. 79, p. 2032.
1902.
$1,722,314
$1,453,660
826,956
36,325
704,475
39,233
$798,743
$863,281
$339,497
$337,950
90,277
88,982
90,388
34,090
(5%) 64,167 (5%) 64,167
$743,708
$337,950
77,672
64,054
(5%)64,167
189,379
$214,414
$338,092
$10,486
W
Officers— President,
A. J. Davidson; Treas., C.
Hillard; Dlreotors
Oct., 1903, V. 77, p. 1294.— (V. 79, p. 1023, 1641. 2082.)
Evansvlllo Terre Haute
See Chic. A East. 111.
Fall Brook Ry.— See page 463.
& Chic—
Parmville
& Powhatan BB.-V. 80, p. 2457;
V. 81, p. 211.
Fayetteville & Albemarle.—See Sup. July, '01, and V. 69, p.743)
Fltcbbure: RR.— System extends from Boston Mass. to Troy,
N. Y., 190 miles; branches to Worcester, Bellows Falls, etc, 268 miles;
458 miles in all, of which 56 miles (Fitchburg to Greenfield) leased
from Vermont & Mass. and 8 m. from other cos.; second track 183 m.
Lease.— Leased for 99 years from July 1, 1900, to Boston A Maine for
5 p.o. on pref. and 1 p. 0. on common stock, payable quarterly [Jan. 1,
etc], organization expenses, interest on bonds, taxes, expenses of
maintenance, etc
The Boston & M. holds $5,454,550 of the $7,000,000 common stock, purchased with prooeeds of Its 3 p. 0. bonds,
the remainder being In the treasury V. 70, p. 76, 125, 176, 583,
at 90,
1291; V. 71, p. 29, 543 V. 72, p. 532.
Bonds.— Debentures described in V. 60, p. 967. There were issued
in 1905 $3,660,000 4 p. o. bonus to provide for various bonds maturing up to June 1, 1905, Inclusive, and for additions and Improvements.
V. 75, p. 611; V. 73, p. 1112, 1312; V.79, p. 1266 V. 80,p.472,599,871
Flint & Pere Marquette RR.—Merged in Pere Marquette RR.
Florida Central dc Peninsular RR.— See Seaboard Air Line Ry.
Florida East Coast Ry.— See page 463.
Florida Southern RR.— Merged in Atlantic Coast Line RR.
Florida West Shore Ry.— Turkey Creek, Fla., on Seaboard Air
Line to Sarasota on the Gulf of Mexico, 56 miles, including 4 miles of
trackage, with branche-, « miles; total, 64 miles. Stock authorized,
$1,000,100, of which $500,000 outstanding; par of > hares, $1 00. Under contract.of 1903, the Seaboard Air Line is a preferred connection
and guarantees the outstanding bondf; V 80, p. 1478. V. 77. p. 695.
For year endiDg June iiO, 1904, gross, $96,8 19; net, $26,132, total deductions, $33,3/4; bal del, $7,242.— (V. fO, p. 1478.)
Fonda Johnstown 6c Gloversvllle RR.—Owns Fonda to
Northvllle (steam), 26 2 miles, Gloversvllle to Schenectady (eleotric),
;
,
32-3 miles), Gloversville to Fonda (eleotrlo),934 miles, Amsterdam to
Hagaman (electric), 3 6 miles, Belt line In Gloversvllle (eleotric), 39
miles; second track (electrloj, 21-2 miles. Operates under lease branoh
line Broadalbin Junction to Broadalbin, 6-2 miles (steam); also local
line Gloversvllle to Johnstown (eleotric), 4-23 miles; sidings and turnouts, 11 '7 miles; total, 97-47 miles of road (1 18*67 miles of track) of
which 96-87 miles on private right of way and 21-8 miles on
streets and highways. A consolidation on Jan. 1, 1903, with the Amsterdam Street and Cayadutta Electric railroad companies. V. 73, p.
31, 493,1355; V. 74, p. 987; V.75, p. 1399. Stock $2,500,000; par, $100.
Owns entire $105,000 stock of Coal Co. of Fulton Co. and stook of Edison Electric Light & Power Co. (V. 71, p. 1167.) V. 78, p. 229.
In 1896 parties interested In N. Y. Central entered directory.
Bonds.— Of the consol, 4^s of 1902 ($7,000,000 authorized) $3,750,000 were Issued to retire Amsterdam Street RR. bonds and for construction; of the balance $1,850,000 is reserved to retire prior Hens.
V. 76. p. 265. Guarantees $30,000 Glov. A Broadalbin 5s and $50,000
Johnst. Gloversv. A Klngsb. Horse RR. 6s and $50,000 8 p. 0. stook.
Latest Earnings.— 11 mos., 5 1^04-05
$647,850; net, $303,621
(1903-04
July 1 to May 31.
614,438; net, 285,028
Report.— For year ending June 30, 1904, gross, $603,601; net
$267,587; oth. Income, $71,974; charges, $288,985; bal., sur., $50,576.
Fort Smith 6c Western
Operates Fort Smith, Ark., to
Guthrie, O. T., 216 m., of which Coal Creek, I. T., to Guthrie, 196 m..
RR.—
Q-F. 5
Q.—J.
M.
F.
A.
&
&
&
&
&
A.
5
3^
A
Boston,
do
N.
A.
N.
J.
D.
N.
M.,Bos.
1H
May
Office.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
O.
D.
N.
<feO.
&
J. A
J. &
M. &
M.
May
OfBce, Corning, N. Y.
Office, Bos.
Various
4
7
1, 1930
1, 1942
5, 1905
July 1, *05,
1, 190«
Feb. 1, 1937
Apr. 1, 1907
June 1, 1920
1, 1914
Apr.
Apr.
O. N. T., Bankers' Trust.
O.
do
do
M.
Various
3%
150,000
225,000
4,756,000
98
&
&
Dividend.
May
1915 A 1916
1927-1928
Oct. 1,1920-21
May
July
Deo.
May
1,
1,
1,
1,
1925
1924
1911
1923
NT.
In 1903, gross, $782,530; net, $792,510.
...
4
4
A.
A.
J.
4^
573,000
100,000
772,000
1,000
Annual Report.— Report for 1903-04 was given in
1904.
Tear end. June 30—
1903
Gross earnings,
Net earnings
Other income
4
1,859,000
4,200,000
2.275,000
3,660,000
1,000
and 2i« p. 0. April 15, 1905.
Bonds, Guaranties, Etc.— Certain Evansville A Indianapolis bonds
are guaranteed. See that company. General mort. 5s for $3,855,000
are held in trust to retire the prior bonds ana car trusts at maturity.
Equipment notes June SO, 1904, $234,094
Earnings.— For calendar year 1904, gross. $1,654,243; net, $825,812.
500,000
500,000
Whom.
Payable
Cent.
2,672,000
5 g5,000,000 See text
17,360,000
5
2,000,000
5
5,000,000
4
1,500,000
4
1,000
1905
1874
1891
1903
Bonds—PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks—Last
$450,000
1890 $1,000
1892
1,000
50
100
1888
1,000
1887
1,000
1887
1890
1,000
1894
In July. 1903, Chicago & Eastern nilnois interests acquired a majority of the oommon stock. V. 77, p. 250.
Drv'DS— ) '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03
1904
Com. stock. > 7tf 7^1
2
3 1*3 None since.
Pref.stock. )
1 1
2 4*a
5 5
5
5
5
IT Also 5 per oent In bonds.
J Also scrip dividend.
preferred 5 p.
Outstanding
Road. Bonds Value.
Evan w.dT.H.f Oori.)— 8ullivan Co. Coalbr.M.,g.Fo*
On
Amount
[Vol. lxxxi.
J.
Jan. 1, 1934
New York.
Imp. A Tr. N. Bk Apr. 1, 1921
N.Y..N.Y. Seo. ATr.Co, July 1, 1947
July 1, 1950
do
do
N. Y., Metropol. Tr. Co July 1, 1913
N. Y., Farm. L. & T. Co. Oct. 1, 1922
N. Y., N.Y. Seo. A Tr.Oo, Nov. 1, 1952
N. Y., Mere. Trust Co. Apr. 1, 1954
N. Y., Farm. L. & Tr. Co Mar. 1, '05,2%
N. Y., Morton Trust Co Apr. 1, 1904, 4
Dec. 1, 1921
N. Y., Mercantile Tr.
O. N. Y.,
4^
4
6
6
4^
J.
J.
J.
g.
g.
&
o.
N.
6,000,000
A O.
4g.
5*3
2,291,416
& 8.
2,539,992 4 in 1904 See text
8,176,000
6 g. J. & D.
g.
5 g
-
J.
6g. A.
6g. F.
A J.
& O
&
N. Y., Standard Tr. Co
Savannah (Ga.) Tr. Co,
A. N.Y. ,So.Pao.Co. , & Bost
1929
Oct.
1,
1909
Feb. 1, 1910
owned and Ft. Smith to Coal Creek,20 miles, Is Kansas City Southern trackage, to be replaced by company's own road. The road will
develop coal properties at MoCurtain, I. T., 40 m. west of Ft. Smith.
Henry C. Frick of Pittsburg, Pa., Is understood to be largely Interested.
Stook, $5,000,000, all outstanding par of shares, $100. Of the gold
4s of 1904 ($7,500,000 authorized) , $5,833,000 were issued in exchange for $5,000,000 old 5s, $400,000 are reserved to replace the 20
miles of trackage mentioned above. $400,000 for equipment, and
he balance for other purposes. In July, 1 903, filed an agreement
for the purchase of equipment costing $438,000. V. 77, p. 88. For
year ending June 30, 1904, gross, $444,649; net, $173,849; total deductions, $22-,7/l. Pres. and Treas., A. C. Dustin, Cleveland, O.—
Is
;
i
(V. 78, p. 1497; V. 79, p. 269.)
Fort
Wayne
6c
Jackson RR.— Owns
Jackson, Mich., to Fort
Wayne, Ind., 98 miles. On August 24, 1882, leased perpetually to
Lake Shore & Michigan Southern at a rental of $126,027, equal to 5 1*
per oent on the preferred stook (see V. 56, p. 812), and after 1887 any
net earnings over 8 per oent on pref. stock to be paid as dividends on
oommon. but not exceeding 2 p. 0. a year. Common stook, $436.132
Fort Worth 6c Denver City Ry.— (See Map Ool. 5o.)-Ft. Worth'
Tex., to Texline. 453 m. Owns securities of Ft.
A Den. Term. Ry.
Stock, Etc.—Colorado & South. Ry. owns $6,835,008 of the $9,375,
000 oommon issued, and in 1905 Included road in its financial
plan.
Pref. stook, "stamped," see V. 63, p. 1063.
Dividends.— On pref. 2 p.o.; '98; '99,3 p. c; 1902, 2p. c; Apr., 1903,
and 1904, 4 p. c. eaoh from surplus earnings of previous years
Bonds.— Finances readjusted In 1896. Plan V. 63, p. 75. Abstract
W
of mort. V. 45, p. 440.
Equip, trust notes Deo. 31, 1904, $235,263,
maturing $6,017 monthly to Aug., 1908.
Earnings.— 11 mos., 5 1901-5
Gross, $2,312,340; net, $531,278
July 1 to May 31. \ 1903-4
Gross, 2,321,575; net, 697,516
Annual Report.— Report for 1903-4 was In V. 79, p. 1637.
Tears end. June so.
Cal. vear.
>
,
1904.
Gross earnings
1902.
1903.
1901.
$2,163,397
Netovertaxes
533,860
Other inoome
11,962
From total net Inoome as above in 1904 ($688,579), deduot interest
on bonds, $490,560; oth. int., rentals, etc, $19,926; bal., sur., $178,093.
Pres., Frank Trumbull, Denver, Col.— (V. 79, p. 1637.)
Fort Wortli
$2,496,617
677,331
11,248
$2,494,587
464,986
17,534
$2,262,123
561,373
t Ulo Grande Ry.— About to be
&
&
merged In 1905
San Franolsoo
Texas Ry., a subsidiary of St. Louis & San
Francisco, refunding bonds of the latter being reserved to retire the
outstanding Ft. W.
R. G. bonds at maturity.
$2,923,000
Gainesville 6c Gulf Ry.— Sampson City to Fairfield, Fla., 48
miles. Land grant, 480,000 acres. Stock authorized. $1,000,000; par
$100; Issued July, 1903, $300,000. Loans and bills payable June 30,
1903, $56,590. Year ending June 30, 1904, gross, $78,191; net, $26,836;
other income, $4,858; charges, $11,633; bal sur., $20,061. President,
J. M. Graham. Office, Gainesville, Fia.— (V. 73, p. 616, 783.)
Gainesville Midland Ry.— Owns Gainesville, Ga. to Jefferson
and Belmont to Monroe, 55 miles, to be standard- gauged. In Apr.,
1905, extension from Jefferson to Athens, Ga., 19 miles,,wa8 proposed.
Successor to a portion of the Gainesville Jefferson & Southern Ry., sold
in foreclosure July 5, 1904. V. 79, p. 151, 269, 500, 627. The Savannah Trust Oo. is mortgage trustee. V. 79, p. 1266. President, Geo. J.
Baldwin; Seo. and Treas., E. L. Douglass.— iV. 79, p. 627, 1266.)
Galveston Harrlsburgr. 6c San Antonio Ry.— (flee Map South
Pacific.)— Owns Houston, Tex.,toeast bank of Rio Gr. River, 834mlles;
branches, 73 in.; total, 917 miles. Operated by Southern Pacific Company, which owns $27,054,400 of the $27,084,360 stock (par, $100).
On May 3, 1905, a law was signed giving authority to purchase allied
New York Texas A Mexican, Gulf
lines aggregating 387 miles, viz
Western Texas A Pacific San Antonio & Gulf, Galveston Houston &
Northern and Gonzales Branch RR., and for that purpose to Increase
its stock and mortgage debt; an extension to be built from Stookdale
to Cuero, about 50 miles, by Deo. 1, 1906. V. 79, p. 2642; V. 80, p.
1424; V. 81, p. 211.
Bonds.— First mort. has a sinking fund of 1 p. c, but It is optional
with holders to surrender their bonds if drawn. Western Div. 2ds
($6,3.";4,000) by agreement are treated as Inoome bonds. V. 58, p. 719.
Equipment bonds. $1,476,000 6s, owned by So. Pac, due $82,000
semi-annually, Apr., 1905 to 1922. V. 76, p. 1300; V. 77, p 2160
On June 30, 1904, there was due the Texas & New Orleans RR. $2,149,745. School fund claims, V. 64, p. 1137; V. 66. p. 471; V. 70, p. 686.
Year 1903-04, gross, $7,141,492; net, inol. other Inoome, $1,103,773; charges, $1,637,963; bal., def., $534,188.— (V. 81, p. 211.)
In St. Louis
,
:
.
Galveston Houston
<V
Henderson RR. of 1882.—Owns
from Galveston, Texas, to Houston, Texas, 50 miles.
Organization.—The M. K. A T. and International & Great North,
have had trackage rights since December, 1895, under a oontraoi
providing for payment to mortgage trustee of $100,000 yearly
to meet interest on G. H. & H. bonds and an additional rental of
824,000 per annum for dividends or other purposes— see V. 61, p.
1064; V. 63, p. 697. M. K. A T. owns 4,999 shares of G. H. <k H. stook
-see V. 61, p. 1013. Stock. $1,000,000; par. $100. For year ending
Dec 31, 1903, gross, inoluding $124,000 for trackage as above, $382,127; net, $205,868; other income, $3,818; interest, $100,000; taxes,
$3,452; real est. and imp's, $63,396; bal,, sur., $42,838.— (V. 65, p. 1114.)
,
RAILWAY STOCKS AND BONDS.
July, 1905.
RAILROADS.
Miles
Date
Size, or
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
When Where Payable, and by Stocks—Last
Rate
Amount
of
Par Outstanding
For explanation of column headings, &c, see notes of
Per
Road. Bonds Value.
on first page of tables.
oent.
San An.— (Gov.)— West. Div. lstM.g.o*
Equipment bonds, due $82,000 semi annually...
Galveston Houston dt Bend, of 1882— 1st M., Meo*
6
Galv. Bar. dt
671
"50
56
Galveston Houst. dt North.—1st M., $800,000. gold
16
Genesee dt Wyoming RR.— 1st M., g., $500,000. K-.
Georgia dt Alabama Ga. Carolina dt Norlh'n—See Sbab.
Georgia Flor.dtAlab.— 1st M., $1,100,000, g..1a.0" Text
98
Georgia MidVd Rt/.— 1st M., g., $1,650,000, Int. gu.
Georgia Pacific— See Southebn Rt.
307
Georgia Railroad dt Banking Co. Stock
o*
Bonds, refunding, not mortgage, ourrenoy
.
—
—
1881 $1,000 $13,418,000
1902
1,000
1,5^8 000
1883
2,000,000
1,000
1900
800,000
1899
1,000
500,000
Air L 1NE Ry
1904
1,000
See text.
1896
1,000
1,650,000
c*<fcr
Bonds, not mortgage, ourrenoy
1882-7
Bonds, not mort., our., $200,000 are 5s of '87c<fcr
(>a. South, dt Fla.—XtX pref., red. aft. June 1, 1905. Text
2d pref., $1,084,000, 5 percent
285 1895
o*
1st mortgage, gold, $4,000,000. ITIeBa
392 1902
o*<fer
1st consol. M, $10,000,000, gold. IV
1902
Equipment trusts, $18,000 due semi-annually..
Gettysburg
dt
Harrisburg— Bo. Mt. 1st mortgage
& Harrisb'g 1st
mortgage, old issue...
35
Consol. mortgage, $565,000, gold, see text
125
Gila Valley Globe dt North'n—1st M., g., text..Mp
12
Goshen dt Deckert'n—lBt & 2d M. ($60,000 are 2ds)
13
Gouverneur dt Oswegalchie—XeX M.,g, gu. p.& i. Un.c
28
Gr. Rap. Belding dt Saginaw— 1st mort., text, gold
Grand Rapids dt Indiana Ry.—Stodk., $6,000,000.0*
o*
335
IstM., mostly 1. gr.,g.,ext. In 1899
335
o*
1st mort., extended, gold, guar, by Pa.
0*
387
2d M., $5,000,000, g
gu. Can. Gov't, text c&r 1,700
Gr. Trunk Pac— 1st M.,£,
Section M. (ser. A) £2,100,000 ) gu. p. &i. 1,200
Prairie
fOO
Mountain sec. M. (ser. B) £2.050,000 > by Gr'd
?20
Lake Su Div. 1st M., $1,540,000 .. > Trunk.
Gettysb'g
RR
t
r.
1882
1891
1894
1888-9
1892
1899
1,000
1,000
1,000
100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500, &o
1,000
1,000
£ iOO&o £1,646,000
£100 o See text.
£ OO&o £1.3"8.000
11 miles; Retsof Jet. to Grelgsville, 4 m.; branch, 2 m,; total, 16
Stock, $500,000: par of shares, $100. Dividends from Oct., 1899,
Year
to Oct., 1902, inol., 5 p. o, yearly; 1903, 8 p. c; 1904, 8 p. o.
1903 4, gross, $127,391; net, $75,859; int. and taxes, $27,691; divibal., $8,168. Pres't and Treas.. E L Puller,
dends (8%), $40,000;
Soranton, Pa.; Sec, H. D. Fuller, 170 Broadway, N.Y.— (V. 76, p. 1^48.)
Alabama Ry.— Owns Cuthbert, Ga., to
Georgia Florida
Tallahassee, Fla., 107 miles; in Apr., 1905, extension was proposed
from Cuthbert northerly to Columbus, 64 miles. In May, 1905, contract was let for branch from Havana. Fla., to Quincy, 1 1*2 m. Id Apr,
Georgia RR., Tallahassee, Fla., to
1904, the Carrabelle Tallahassee
Carrabelle, on the Gulf of Mexico, 50 miles, was acquired. The C. T.
& G. had outstanding $1,000,000 stock and $500,00 » 6 per oent bonds
due 1914, int. due J & J. V. 80. p. 2457; V. 78, p. 1549; V. 7«, p. 151;
V. 75, p. 29. Stock. $350,000, all outstanding; par, $100. In 1904 a
mortgage for $1,100,000 was filed for extensions, purchase of Car.
Flor. and immediate refunding of outstanding $ 350,000 bonds.
Tal.
V. 79, p. 2085.
For year ending June 30, 1904, gross, $205,411; net, $64,174;
total deductions, $46,643; bal.. sur., $17,531. Pres.. J. P. Williams;
Sec. and Treas., J. O. Hatoh. Office, Savannah, Ga.— (V. 80, p. 2457.)
Georgia .Midland Ry.— Owns road from Columbus to McDonough,
Ga., 98 miles. Leased from July 1, 1896, for 99 years to the Southern
Railway Co. for $49,500 annual rental (being interest on the first mort?age bonds, etc,) and $2,500 for Columbus terminal property. Stook
s $1,000,000, owned by Southern Railway Co.— (V 63, v. 361.)
Georgia Railroad.— Under this name are operated the lines leased
from the Georgia RR. & Banking Co.—which see.— (V. 67, p. 1260.)
&
&
&
1
&,
Banking Company.— Owns
from
Augusta, Ga., to Atlanta, Ga., 171 miles; branches to Washington
and Athens, 58 miles; Macon & Augusta RR. (proprietary road) Camak,
Ga., to Macon, Ga., 74 miles; trackage, 4 miles; total, 307 miles.
Organization.— Owns also one-half the stook of the Western Railway
of Alabama (the Central of Georgia Railway owning the other half)
and a 47 per cent interest in the Atlanta & West Point (which see).
Guarantees (jointly with Central RR. & B. Co. of Georgia) the $1,543,000 first mortgage 4*fl per cents of Western 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 Louisville & Nashville, at
$600,000 per year, but in April, 1899, the L. & N. was held to have acquired all rights under the lease; the Atlantic Coast Co. in July, 1899,
acquired a half interest. V. 68, p. 722; V. 69, p. 385, 591: V. 70, p 125.
Deo. 31, 1892, the banking department was turned over to " Georgia
Railroad Bank," a majority [$198,200] of whose stock is owned.
,
Dividends—
)
'81.
$
9^
'82. '83 to '87.
'88.
'89 to July, 1905.
1014 10 yearly 10^
11 p. o. yearly
Earnings.— 307 miles, > 1904-5.. .Gross, $2,289,524; net, $679,006
July 1 to May 31.— 11 mos. 5 1903-4.. .Gross, 2,259,655; net, 640,4:5
Railroad earns, for year ending June 30, 1904, gross, $2,418,288; net,
$658,169; divs. reoeived. $132,509; rental to Ga. RR.
B. Co., $600,000; oth. payments, $24,919; balance, sur., $165,759.— (V. 79, p. 1704.)
Georgia Southern Florida Ry.— (See Map of Southern Ry.)—
Owns from Macon, Ga., co Palatka. Fla., 285 miles; on Nov. 1, 1902,
purchased Atl. V.
W. Ry., Valdosta, Ga., to Jacksonville, Fla., 107
miles; total, 392 miles. Also owns one-eighth of stock of Jacksonville Terminal Co. V.77,p.62o. G.8. &F.commonstockis$2.000,000.
History.— reorganization of the Georgia S. & F. Railroad, sold in
foreclosure April 2, Y95. (Per plan in V. 60, p. 928; seealso V. 59, p. 551.
Macon & Birmingham Ry., La Grange to Macon, Ga., 105 m., Is owned
by same interests, but operated independently. V. 78. p. 702. fn Oct.,
1903, an interest in the stock of the Hawkmsvllle & Florida Southern
Ry., Worth to Hawkinsville, Ga., 44 miles, was purchased, $310,000
first mortgage 5 p. 0. bonds being guaranteed, p. & i. V. 79, p. 2585.
Dividends.— On 1st pref .,'96, 4 p. c; '97 to May, 1 905, 5 p. c. yearly.
On 2d pf. in '97, 2 p. c; '98, 3; '99, 3; 1900 to May, 1905, 4 p. 0. yearly.
Bonds.—Abstract of 1st mortgage of 1895 was in V. 61, p. 429. The
mortgage is for $4,000,000 and covers road from Macon, Ga., to Palatka, Fla., 285 miles, and provides also that the $684,000 first preferred
stock shall be a lien thereon second only to the bonds andcoupons.
The first consol. 4s of 1902 are for the authorized amount of $10,000,000; of which $4,684,000 are issuable to retire the $4,000,000
fives and $684,000 first preferred stock, and $3,316,000 are reserved
for future requirements. V. 75, p. 980.
Latest Earn'gs.- 11 mos., $ 1904-5. Gross, $1,57^,190; net, $362,392
July 1 to May 31.
1,559,393; net, 392.164
\ 1903-4 Gross,
Annual Report.— Fiscal year ends June 30. Report for 1903-04
was In V. 79, p. 2585, showing gross, $1,693,541; net, $415,077; other
income, $16,338; int. on bonds, etc., $287,52J; div. on stook. 877,560;
bal., sur., $66,325. Pres., Samuel Spencer, N. Y.— (V. 81, p. 155.)
Gettysburg Harrisburg Ry.—Carlisle to Gettysburg, Pa., 31
miles; branch to Round Top, Pa., 3 miles. Tne Reading Company owns
$540,700 of the $600,000 capital stook, $535,000 of which deposited
as part security for its general mortgage of 1896. The consol. 5s of
1891 were guaranteed by Phila.
Read. RR. (foreclosed co.).
Gila Valley Globe
Northern Ry.—Bowie, Aria., to Globe,
125 miles. Stock, $2,000,000, of which Southern Paoiflo Co. owns
Since 1880, P. Ct.
&
&
&
&
&
5
&
&
&
&
J.
5
3
A.
g.
g.
J.
A&
N. N.Y.,8o.P.Co.,120B'w'y
O. Owned by So. Pao. Co.
O. N. Y., Merc. Trust, Co.
J. N.Y ,So.P.Oo.l20 B'w'y
O N. i\, Kniok. Trust Co.
J. N. Y., Mann at. Tr. Co.
O. N. Y„ J. P. Morgan &Oo.
Q.-J.
&
&
&
&
3.
J.
J.
M.
&
&
M.
J.
J.
Apr.
Jan.
Apr.
1,
1,
1,
1931
1912
1918
1930
1929
July
Apr.
1,
1,
1954
1946
1,
Oot.,
Augusta; mail'd to N.Y. July 15,*05,2%
Am.
Jan. 1, 1922
Ex. Nat. Bk.
J. N. Y.,
J. N.Y.,Am. Ex.Bk.&Aug.
All Augusta; 6a in N.Y.
J.
N. Bait. M.T.&D.Oo.&N.Y.
do
N.
do
J.
Mav
To
Balt.M.T.&D.Co.A N.Y.
Jan. 1, 1910
Jan. 1, 1922
May
May
5,'05,2i*
15, '05, 2
July
1,
1945
July 1, 1952
do
do
& J.
M. & S. New York, Blair & Co. 8ep.'05,Sep'U
Apr. 1, 1898
A. & O. Phila., Reading office.
Oot. 1, 1912
A. & O. Phila., P. & R. office.
do
do
Oot. 1, 1926
Various
M. & N. N.Y.8.Pao.Co.l20B'w'y Nov. 1, 1924
1928-29
Various N Bk OrCo.Goshen.N. Y.
June 1, 1942
J. & D. N.Y.,Gd. Cent.Station.
M. & S. Int'l Trust Co., Boston. Mch. 1, 1924
A. & O. Of., Gr. Rapids, Mich. Avr.25/05,li3
3ia g. J. & J N. Y.,Winslow,L.&Co. July 1, 1941
July 1, 1941
do
4!gg. J. & J
do
Philadelphia, Pa.
Oot. 1, 1936
4g. A. & O.
London, N. Y.
Jan. 1, 1962
& J
3, $ or £
4
A- & O 1st coup, due Oot., '05 Apr. 1, 1955
Apr. 1, 1955
4
A.
O
4
A. & O 1st coup, due Oot., '0^ Apr 1. 1955
$1,100,000. V. 71, p. 1314. Par, $100. The bonds, limited to $15,000
per mile ($1,508,000 outstanding), are guaranteed, principal and interest, by South Paoiflo Co. V. 69, p. 27; guaranty in V. 68, p. 232.
Dividend.— Dividend, 1901, 4 p. c; 1902, Jan., 4 p. c; none since.
Year ending June 30, 1904, in V. 79, p. 1460, viz.: Gross, $467,047;
net, $246,084 int., $75,575; bal., surp., $170,505.— (V. 79, p. 1460.)
&
RR.—
Owns from Gouverneur to
Stock, $350,000, all owned by N. Y. Cent,
—which guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501.
Saginaw
Freeport to BeldGrand Rapids Belding
ing, Mich. ,28 mile. Mortgage is for $260,000 on 28 m>Ues and$9,000 per
mile for additional construction. Leased for 30 years from Jan. 1,
1900, to Pert Marquette RR. (which owns all the capital stock) rental
covering interest.— (V. 70, p. 39.)
Grand Rapids &. Indiana Ry.— (See Map of Pennsylvania RR.)
Owns from Fort Wayne, Ind., to Mackinaw City, 367 miles; branches,
47 miles; total owned, 414 miles; operates the following roads but has
not assumed the old company's leasee thereof: Cincinnati Richmond &
Fort Wayne RR., 86 m.; Traverse Cit* RR. (nearly all the stock and all
the income bonds owned), 26 milee; Muskegon Grand Rapids & Indiana
RR., 41 oiles; trackage, 7 miles. The Traverse City Leelanau
Manistique RR., Traverse City to Northport, Mich., 30 miles. See V. 74, p.
777; V. 76, p. 811; V. 78, p. 1444.
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 Pennsylvania interests are supposed to own all or nearly all. Pennsylvania Co. on Jan. 1, 1905,
owned $2,902,600. V. 74, p. 95.
Dividends.— 1900, 1%
1901, 2; 1902 to Apr., 1905, 3 p. c. yearly
Gouverneur
Edwards, N.
Oswegatchie
Y., 13 miles.
&
RR.—
—
&
;
& O.)
(A.
Bonds.—The first mortgage bonds extended
at 4*9 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; V. 69, p. 1193. Of
the 2ds $3,687,000 were owned Jan. 1, 1905, by Penn. RR.
Report.— Report for 1904 was In V. 80, p. 1420. In 1904 carried 2,253.542 tons freight, of which 42 p.o. was lumber, etc., and 16 p.o. coal.
1904.
1902.
Tear end'g Dec. 31.
1903.
1901.
Miles operated
415
430
430
430
Gross income
$3,302,347 $3,401,654 $3,196,738 $2,871,782
698,833
Net over exp's& taxes
621,859
784,470
700.713
Interest charge for 1904, $391,085; oth. deductions, $30,798; dividend, (3 p. c), $173,730; bal., surp., $6,246.— (V. 80, p. 1420.)
Grand Trunk Pacific Ry. (See map).—This new trans-continental railway aoross Canada has received the approval of the Canadian Government, and will be carried through with the joint financial support of the Government and the Grand Trunk Ry. Co. of Canada. It will consist of a main line of an estimated length of about
3.500 miles from Moncton, New Brunswiok, to a port oti the Paoiflo
Ocean at or near Port Simpson, B. C, with branch, 220 miles, viz.:
1. Leased Line, to be Built by Canadian Government.
Miles.
Kaatern Division, MonctOD, N. B., via Quebec to Winnipeg, about
1,800
[To be leased for 50 years to Grand Trunk Picin; Ry. Co.— for first 7
years at cost of operating only and for rematnkg 43 years at 3 p. c. on
cost of construction, but subject to p<ovisions in V. 8",
2.
Western
division, to be Built
p. 9a7.]
and Owned by Company—
Prairie Section. Winnipeg to Rocky Mountains, about
1,800
b. Mountain Division, Rocky Mountains to Pacific Ocean at or near
Port Simpson, about..
...
500
a.
&
A
&
A.
A.
<fe
I
m.
Railroad
4,455,000
3,962,000
£100*c £3,201,000
Jet.,
Georgia
920,000
1,000
1,000
1,000
Galveston Houston & Northern Ry.— Sec page 463.
Oenesee & Wyoming RR.— Retsof, N. Y.,to Pittsburg & Lehigh
&
M.
g.
Dividend.
-
100
1891
1891
1896
1905
1905
1905
1905
5
Whom.
Payable
4,200,000 11 In '04
5
1,000,000
6
1,000,000
5<fe6
500,000
5 In 1904
684,000
1,084,000 4 In 1904
3,801,000
5 g.
2,000,000
4 g.
4*2
270,000
5
100,000
250,000
6
215,000
5
1,508,000
g
246,500
i
300,000
5 g.
260,000
5g.
5,791,700 3 In 1904
100
1897
1880
345
Lake superior Branch, to be Built and Owned by Company—
Thunder Bay on Lake Superior to junction with Eastern Division east
3.
of
Winnipeg
Total of
220
all,
not including sundry proposed branches
3,720
Organization.— Incorporated by Canadian Legislature
See
full
statement as
in 1904.
to enterprise in V. 80, p. 996.
Stock.- Authorized, $45,000,000 (par ot shares, $100 each) of which
the $25,000,000 common will be owned by the G and Trunk Ry.
Bonds.— On condition that the Grand Trunk Ry. Co. of Canada
guarantee 2d mortgage bonds to provide the balance for the construction of the Western Division of the line, the Canadian Government
undertakes to guarantee first mortgage bonds bearing interest at 3
p. o. for an amount up to 75 p. 0. of the cost ot construction of that
division, such amount (a) in the ease of the Prairie Section not to exceed $13,000 per miLe, or £3,210,000 in all, and (b) three-quarters of
whatever the cost per mile may be from the mountains to the Paoido
Coast, called the Mountain SeotiOD. (See V. 80, p. 996. 1234. 1363.)
,
Series
"A"
(Prairie Seotion) bonds, total issue limited to £2,' 00,000,
and Series "B" (Mountain Secctoni bonds, not to exceed £2,050,000,
are secured by a 2d mortgage (National Trust Co., Toronto, trustee)
on the railway, equipment and tolls of the company, including its
leasehold interest in the Eastern Division, but not branch lines exceeding 6 miles iii length, ships, grants of lands (other than for railway purposes) and the rolling stook of the Eastern Division or of the
above-mentioned branch lines of ov^r 6 miles. These bonds are
unconditionally guaranteed as to principal and Interest by endorsement on each by the Grand Trunk Ry. Co. in the form shown in
statement in V. 80, p. 996.
Although tbe mortgage to secure the 3 p. c. bonds guaranteed by the Govsrnment will rank before tbe mortgage to secure the bonds guaranteed by the
Grand Trunk Ky. of Canada, yet an agreement schedule 'o aa Act of 1904
provides to the eflect that in the event of default by the company for five
years in payment of the interest on the 3 p. c. bonds, the remedy of the
official
346
RAILWAY STOCKS AND BONDS.
i
Vol. lxxxi.
July,
1905.]
RAILWAY STOCKS AND BONDS.
347
—
5
)
RAILWAY STOCKS AND BONDS.
348
RAILROADS.
if
Miles
or explanation of column headings, &o., see notes
on first page of
&rarnl
Date
Size, or
of
of
Par
Road. Bonds Value.
tables.
Trunk Ry.—Consol.
1882
1884
stook, £23,318,309..
p. c. t:uar. stock, non-cum., £10,000,000
1st preference 5 per cent stock, £3,420,000
2d preference stock, £2,530,000
4
1873-4
1873-4
3d preference 4 per centstock, £7,168,055
Debenture stock, £4,270,575
3,512
Consol. debenture stock (col. trust), cum
2d equipment M. (subject to 1st M. in trust) .c Jf
Great Western perpetual debenture stock
c 836ifl
Northern Ry., 3d preference A & B bonds
c
Debenture stook,4p. c, perpetual, £425,850. 490^
Midlandof CanadalstM.,sectional,£525,000.o
455
Consol. 1st M., £3,164,700
o$
Wellington Grey & Bruce IstM., £532,000
o 168k
Brand Irunk West'n— Northwest Gr. Tr., 1st mort.
66
1st M., $15,000,000, Int. guar., g., $ (cur.) & £.F 326-5
2d M., Income, g., $1,500,000, red. (text).. ..Col. 3265
9t. JRTort/wsrn—Stock, $125,000,000
St. Paul Minn. & Man.—Stock.orlg. $20,000,000.
8t.P.M.<feM.2d(now 1st M.)g. does not cov. l'ds)c* 624
Dakota Extension IstM., gold
Ce.o* 1,221
2,655
C
l8t
° nland8) g0ld Ce
<n
i 2,655
?50 ,OoVoO \
MontanaExten. IstM. ($25,000 p. m.),g.Ce.o*&r 420
Pacific Extension M. £6,000,000, gold Ce..o*<fer
818
"1
1874
1874
1869
I
.
™
M
-
O.B.&Q.o'Ltr.M.g.(su.tocallaf.Ja.'06atl05)S.c&r
Sterling loan (represented by ctfs. of partioipat.)
Minn. Un.RR.lstM.,g.,gu. ($650,000 are 5s).Ce.c*
East of Minn. 1st M. ($50,000 p. m.), g., gu.Ce.c*&r
No. Div. mort., $15,000,000, gold, guar.Me.o*<fer
Mont. Cen. 1st M.,g. ($6,000,000 are 6s)gu.Ce.c<fer
is
100
£100
£100
£100
$500
£100
$500
$100
100
1879
1,000
1880
1,000
1883
1,000
1883
1,000
1887
1,000
1890 £100&o
1901 $1000<fec
1903
1882
1,000
1888 1.000&0
1898 l,000<fec
1887 1.000&C
"
$&£
3
72
299
260
Outstanding Ra,te
[Vol. l xxm
Bonds— PrinoiINTEREST OR DIVIDENDS.
pal.When Due.
per When Where Payable, and by Stocks— Last
Whom.
Payable
Cent.
£100 £22,475,985
£100
6,784,723 4 in 1904 A. & O. Check from
£100
3,420,000 5 for '04 A. & O.
do
£100
2.530,000 5 for '04 A. & O.
do
£100
7,168,055 See text. Yearly.
do
£100
4,270,375
J.&J. 14
5
£100 15.134.731
4
Q.-J.
£100
373.000
6
J. & J.
Var.
1868
1884
1878
1882
1874
1880
1900
1900
Amount
2,723,080
15,600
347,990
426,200
—
—
5
F.
6
4
5
5
A.
P.
&
&
&
&
&
&
&
&
A.
O.
A.
M.
N.
1,016,500
J.
J.
83,200 Varies. J.
J.
563.000
J.
J.
6
14,437,000
J.
4g. J.
1,500.000 Up to 4% July.
124,375,600 7 in 1904 Q.-F.
C362.500
Q.-F.
6
6.760,000
6g. A. & O.
5,073.000
6g. M. & N.
13,344,000
6g. J. & J.
19,322,000
4ifig J. & J.
a 10,185,000
g J. & D.
2 g J. & J.
b£4,000,000
A
215,223.000
£1,500,000
i«- J. & D.
$2,800,000 5&6g. J. & J.
4,700,000
A. & O.
d5,000,000
4 g. A. & O.
10,000,000 5&6g. J. & J.
-
'
Dividend.
None ever
Apr. 28*05,5%
do
do
do
Apr.28,'05,5%
Mar. 23/04,2%
Irredeemable
Irredeemable
July 1, 1919
Irredeemable
Irredeemable
Irredeemable
May 1, 1908
Glyn, Mills, Currie
& Co.,
London.
Jan.
See V. 79,
p.
Not
2797
Jan.
London
1 p.
o.
or
pd.
Co.'s office. A.pr.28,'05,2%
New York.
paid 1903 04.
N. Y. Office, 3 2 NassauSt.
do
do
New York and London.
N. Y., 32 Nassau
St.
1,
1912
fixed.
1,
1910
July 1, 1950
July 1, 1950
Aug. 1/05, It
Aug.l,*05, li*
Oct. 1, 1909
Nov. 1, 1910
July 1, 1933
July 1, 1933
June 1, 1937
July 1, 1940
July 1, 1921
Dec. 1, 1905
July 1, 1922
do
do
do
do
do
do
N.Y.&Lon., Baring Bros
New York, etc
London, Boston & N. Y.
N. Y., 32 Nassau St.
1908
N. Y.32 Na&.; Bos.,Lee,H Apr.
l928-i94&
do
do
N. Y., 32 Nassau St. July 1, 1937
a $11,502,000 additional pledged for Pao. Extension bonds
c All except $362,500 owned,
b £2,000.000 additional held by Gt. North'n
deposited as ctllat. for 2-year loan, due Dec, 190o.
d Subj. to call aft April, 1928. li Coupon bonds J. <fe J.; reg Q.-J
,
Government shall be to put In a manager to operate the Western Division and
to collect and distribute net earnings pari passu, between the holders of the
bonds guaranteed by the Government and the holders of the bonds guaranteed
by the Grand Trunk Ry. Co. in the proportion of 75 p. c. of such earnings to the
holders of the Government bonds and 25 p. c. to the holders of the bondi of this
division guaranteed by the Grand Trunk Kr. Co.
The mortgage deed to secure the Series "A" and Series "B" bonds will provide that separate accounts sball be kept of the tolls, earnings, Incomes, reu'g
and profits of the Prairie Section and the Mountain Section, and that in the
event of the trustee exercising the right of entry or pale thereby given In case
of default by the company, the moneys arising from each particular section
and available for the purpose shall, subject to the payment of the working
expenditure of the section, be applied first in pavment of any interest or principal due on the bonds issued in respect of such section.
Lake Superior branch bonds, total issue limited to £1,550,000. are to
be secured by a first mortgage on all the 22c-mlle Lake Superior
Div. and are guar. prin. and int. by Grand Trunk Ry. Co. (V. 80, p 996.)
General Finances.— In February, 1905, Speyer Bros, in London,
etc., offered at 99** £3,004,000 4 p. c [2nd] mortgage sterling bonds
due 1H55. viz., £1,646 000 series A (Prairie Seotlon) bonds and £1,358,000 Lake Superior branch bonds, all guaranteed hy the Grand
Trunk Ry. Co. (See V. 80, p. 996.) In March, 1905, N. M. RothsohUd
& Sons oflered at 95 £3,200,000 first mortgage 3 p. c sterling bonds
guaranteed by the Canadian Government (V. 80, p. 1234, 1363). The
Prairie Section running through the great wheat belt is expeoted to
be completed In 1910 and the Lake Superior branch in 1908.
Officers —Pres.. Charles M. Hays, Montreal, Can.; Sec, Henry
Frank Scott— (V.
Philips; Treasurer,
80, p. 1234, 1363, 2457.)
Grand Trunk Ry. of Canada.— (See
Montreal, to Chic,
HI.: also to
—
Leased partly owned—
Atlantic & St. Lawrence, Portland, Me., to Island Pond, Vt...
Buffalo \ Lake Huron
Clncln. Sag. A MackinawT
Otherlines
,
via
etc.:
REPORTED SEPARATELY,
Miles.
2,9a?
owned
,
Portland, Buffalo, Detaolt. Toledo,
SYSTEM PROPER.
I,ines
Map.)— Quebet Can
Majority Stock Oivned.
Central Vermont^
Miles,
681
Grand Trunk Western!
166
16S
68
815
Entire slock owned.
Detroit Grand Haven & Milt
Tol. Sag. & Muskegon
Jointly owned.
Detroit & Toledo Shore Line
386
189
97
79
diana, 5 miles; total, 335 miles. Stook, $6,000,000, all owned by Grand
Tronk. Successor(V. 69, p. 954; V.71, p. 28) of Chi. & Gr. Tr. foreclosed
Bonds.—The Grand Trunk unconditionally guarantees the interest
on the new 4s. Of the 4s, $563,000 are reserved for Northw. Grand
Trunk 6s. The new incomes are subject to call at 85 and any interest
then due. within the first 10 years. Int. on incomes, 1% paid on July
coupons in 1902 to 1904, incl. Jointly with Toledo St. Louis & Western
guarantees Detroit
Toledo Shore Line bonds. V. 76, p. 653.
Earnings— 5 mos. >1905
Gross, $2,146,209; net, $311,193
Jan. 1 to May 31.j $1904
Gross, 2,088,743; net, 299,992
Year ending June 30, 1904, gross, $5,289,245; net, $756,213; charges,
$742,976; 1% on incomes, $15,000; def., $1,763. (V. 78, p. 1446.)
Great Northern Ry.— (See Maps.)— In Feb., 1890, leased the
St. Paul Minneapolis & Manitoba for 999 years, assuminsr its funded
1ebt and guaranteeing 6 p.c per annum in gold on its $20,000,000 stooK.
In 1904 only $448,600 of Manitoba stook had not been exchanged for
Gt. No. stock. (V. 68. p. 129; V. 67, p. 1356; V. 67, p. 370, 788, 842.)
The Northern Securities Co. (whioh see below), which owned $118,
124,200 Great Northern stock, also nearly all of the stock of the
Northern Pacifio, was in July, 1905> being liquidated under
the pro rata plan of distribution sustained by the U. 8. Supreme
Court. The Union Paoiflo to receive $24,638,919 Great Northern
stock on acoount of Its holdings of Northern Securities stock. See V.
78, p. 1223, 1393, 1447, 1498; V. 79, p. 213; V. 80, p. 118, 1363, 1479.
Lines leased and operated
Owned, unbonded
St. Paul Minn. & Man. Ry.,
Seattle & Montana RR.—
Seattle to Westminster
143
St. Paul to Lowell, Wash... 1,790
Branches In Minnesota, the
Rockport,
Anaoortes to
Dakotas and Montana
Wash., eto
73
2,012
Eastern Ry. of Minnesota
Fosston to Cass Lake
60
Total operated directly.. .4,902
Hinckley to Duluth
Stock owned oper. separately
72
Hinckley to Fridley
65 Willmar & Sioux Falls—
Willmar to Yankton 8. D.. 205
New Dul. to Cass Lake
140
Missis., Minn., to Hibbing
Garretson, S. D., to Sioux
49
Brook Pk. to Coon Creek
City la. and O'Neill, Neb. 228
Paoiflo
June, eto
109 Duluth Watertown
Park Rap. & Leech Lake Ry.—
Watertown to Huron, Dak.
70
Park Hapids to Cass Lake
49
8
If Minneapolis Un. Ry.,eto.
&
—
—
—
,
Total road
4,794
8,663
TSee separate statement this Co.
Total in earnings
Car ferry, Grand Haven to Milwaukee, opened Sept. 15, 1903.
Organization.— consolidation, in Aug., 1882.
As to Grand Tr. Pao. Ry., see that oompanv above. V. 79. p. 2587.
The stockholders voted on Sept 29, 1904, to acquire the Canada Atlantic Ry. and guarantee, prlnolpal andinterest, $16,000,000 four per
cent 50-year gold bonds, of which $2,000,000 will be reserved lor
future capital requirements, and the remainder will replace all other
indebtedness by maturity V. 79, p, 967. 1331 , 1641. 2455, 2620.
A
The Toledo St. Louis A Western Ry. and the Grand Trunk Western
Ry. lointly guarantee $2,000,000 4 per cents of Detroit <fe Toledo Shore
Line RR.. which see above. V. 75, p. 1354; V. 76, p. 653.
Stock, Etc.—The authorized capital on Dec. 31, 1904, was £46,
436,364 stock (£42,223,355 issued and £4,213,00 9 unissued), advance*
from the Canadian Government in aid of construction amount to
Perpetual consolidated 4 per cent debenture stook
£3,111,500.
authorized by Act of 1882 and later Acts, has been issued from
time to time to aoquire securities of companies consolidated and controlled, amounting Deo. 31,1904, to £8,394,188, and bearing an an
nual interest of £434,583. V. 7JJp. 84. In Aug., 1903, stockholders
authorized increase of 4 p. c guaranteed stook from £5,220,000 to
£10,000.000; £750,000 was subscribed in Oct , 1903 and £500,000 In
May, 1904; V. 76, p. 382, 972; V. 77, p. 950; V. 78, p. 1962.
For
Dividends—
4%
'98.
'99.
'00.
'01.
'02.
'03. '04.
stook
P.O.
2
4
4
4
4
4
4
P.O.
1st preferred
3
5
5
5
5
5
5
P.O.
3 1* 3
2d preferred
4
5
5
5
P. o.
3d preferred
1
2
In Apr., 1905, lull dividends for entire year 1904 were paid on first
and second pref. stocks. V. 80, p. 871.
Gross, $10,709,617; net, $3,102,190
Earningb-5 mos., )1905
Gross,
Jan. 1 to May 31. J 1904
9 843,731; net, 2,3*8,801
Report.—Statement for 1904 was in V. 80, p. 1909.
1904.
1903.
Years ending Dec. 31
1902.
£5,689,130 £5,916,548
Gross earnings
£5,189,079
4,100,660
4,209,115
Transportation expenses
3,578,433
£l,5h8,470 £1,707,433
Net earnings
£1,610,646
£1,787,236 £1,891,170
Total net income
£1,811,658
155.206
155,206
Rentals
155,206
1,070,507
1,068,690
Interest on b'ds and deb. stk.
1,066,152
4,^09
13,901
Advanoes to controlled roads
16,768
(4%)255,533 (4%)214,160 (4%) 208,792
Dividend on guar, stook
on 1st pref. stock..... (5%) 170,841 (5%) 170,842 (5%) 170,840
Do
(5%)12«,420 (5%)126,420
Do on 2d pref. stock
(5%) 126,420
(2^)143,293
Do on 3d pref stook
(1%) 71,649
sur.£3,w20 def.£l,342
Balance
def.£4,l67
President, Sir C. Rivers Wilson, London; Second Vice-President and
General Manager, Chas. M. Hays.— (V. 80, p. 1909, 2457, 2620.)
ftrand Trunk Western Ry.— Owns from Port Huron, Mich., to
Ohio. & West. Ind. RR., 330 miles, and trackage Chicago & West. In-
Guar.
.
,
—
&
Montana Central
Dakota & Great Northern Ry.—
Granv.toMohall,N.D.,etc. 104
Great Falls to Butte, eto. . 249
IJDuluth Terminal Ry
2 Spokane Falls & Northern. .. 203
ffDuluthSup.&West.Term.
5 Washington & Gt. Nor. Ry.—
Marous.Wash., to Republic
Montana & Great Nor. Ry.—
.
(V. 73, p. 904. 184.)
Jennings, Mont., to Gate-
way
_.
Gt. Falls, Mont., to
eto. (V. 73, p. 904, 184) ...
Vancouver Victoria & Eastern Ry. & Navigation—
81
Sweet
grass.
Rideau, B.
B.C., eto
134
Crows' Nest Southern Ry.—
Intern. Boundary to Mor-
0., to
69
Carson,
17
Total road July, 1904. ..5,951
2d, etc, tracks and sidings. .1,312
rissey, B. O
43
During 1903-04 79 miles of extensions were completed and on June
30, 1904, 117 miles additional were projected.
Lands.—Sales for year 1903-04 were 554 acres for $79,754 and 51
town lots for $3,010. The net amount due on land oon tracts June 30,
1904, was $2,297,646; lands unsold, 790,380 acres, to be reduoed
about 650,00c aores by a final adjustment with U. S.
Minneapolis & St. Cloud grant was 425,664 aores; unsold July 1,
1904, 19,048 acres; sales in 1903-04 were 1,642 aores for $10,570.
Dividends, > '92 to "96 (Indus.), '97 '98 '99 '00 '01 '02 to Aug., '05
7 7ij 7% yrly. Q-F)
5^ 6J4 7
5 p. ©.yearly.
Gt. North. I
Also in 1898 50 p.c in Seattle & Mont, stock, which was then exchanged for 40 p. 0. in Gt. Nor. pf V. 66, p. 1044, 1188; V. 74, p. 829.
The dividends declared payable on Gr*-at Northern stook exchanged
for stook of Northern Securities Co. from May. 1904, to Feb., 1905.
both lnolusive, were in Apr., 1905, being dbtributtd on the liquida.
tion of the latter. V. 80, p. 1479; V. 78, p. 1781; V. 79, p. 213, 270.
Bonds.— St. P. Min. &Man. consol. mort. of 1883 is for $50,000,000. Of
which bonds are reserved to pay prior liens. It Is a first lien on
the land grant and on 670 miles of railway in Minnesota and a
second lien on the remaining 1,873 miles in Minnesota and the Dakotas, the prior liens on whioh average only $7,300 per mile. V. 64,
p. 518. Montana Extension mortgage Is for $25,000,000 for extensions
and for second track. A bstract V. 45, p. 342.
Pacific extension mort.£6,000,000 provides for bonds at £6,000 per
mile In Montana and £7,000 per mile west of Montana; £3,000,000
of this issue (of which £1,000,000 sold) were releaser, upon payment of
V. 66. p. 1044, 1188; V. 80, p.
collateral trust bonds Sept. 1, 1898
1111, 1174 See abstract of mortgage, V. 52, p. 82.
In 1904 the Gt. Northern and Northern Paoiflo had acquired $107.661,000 of the Chicago Burlington & Qulncy RR. $110,839,100 stook
In exchange for their Joint 20-year 4 per cent gold bonds, secured
by the deposit of the stook In trust, on basis of $200 in bonds for
each $100 stock. See circular, V. 72, p. 871, 1034, 1135, and application to list. V. 73, p. 294, 903.
Eastern Railway of Minnesota.— First mort. covers road, equipment,
terminals and elevators. The Northern Div. $15,000,000 mortgage
4
July,
RAILWAY STOCKS AND BONDS.
1905.]
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
Date
of
of
&o., see notes
Par
Willmar ASi'xF'lls 1st M.,g.,gu.p.&i,(end)Ce.o*<fcr 205 1888
Minneapolis Western 1st mort.. gold, guar
o*
2 1891
1905
Qt. No. Ry. of Can— Newcon.M.,$7,962,000.Ce.text
Qreen Bay <e Western RR.— Stock. See text
Debentures, Class A, Incomes, text, non-oum..c*
1896
Class B, Incomes, after stook, non-oum
o*
1896
(freeneRR. (N. T.)— Stock
Qreenw. dk Johnsonville— 1st
21 1904
$500,000, g.S.c&r.
Guay.<6Q. —1st M. $12,282,000, g.,gu., text. • sm
1899
"62 1893
Gulf Beaumont <6K.O.—l stM. ,$10,000 p.m. ,g. A B. c
6s)AB.c
62 1893
2d mort., $10,000 per niile ($176,000 are
Gulf B. & Gt. No.,gold,p. & 1. gu.,end.AB.text.o
77 1900
Ship Island— Stock, $5,500,000 authorized.
Bulfdt
o*<fei
28*i
1902
let ref. and terminal M., g., sink, fund, N
Hancock <& Calumet—See Mineral Range RR.
Hannibal dt St. Joseph— Bee Chicago Burlington & Qulnc
22 1895
Harrttnan dt Northeastern—1st M., gold, Ce
Harrisb. Portsm'th Ml. Joy db Lane— Stook,7p. o.gu.
53
let mort. (ext'd in 1883), guar.p.&i.Pa. RK.KP.r
53 1853
109
Hartford dt Connecticut Western— Stock
1st mortgage, extended tn gold in 1903
109 1883
Hawkinsv. <6 Fl. So —1st M., $400,000, g., gu.p.&i.
1902
Henderson B'dge Co.— See Louisville ANashvill ERR.
4*4
iiibemia Mine RR.— Stock
Hooking Valley Ry.— Stock, com., $11.000,000..
Stock, pref., non-cum. (see text), subj. call at par.
Columbus & Hooking Valley 1st more, gold... c*
76 1867
Col. & Tol. 1st M., g.(Col. to Walb.) ext. in 1905.0"
118 1875
Ohio £* West. Va. IstM. (Logan to Pomeroy)o*..
85 1880
1st conul. mort., $20,000,000, gold.Ce
346 1899
,
—
J. & D.
3,646,000
2 g J. & J.
500,000
g
l
A. & O.
4,962,000
"Too
2,500,000 5 Feb.'05 Feb.
1,000
600,000 5 Feb.*05 Feb.
1,000
7,000,000
J. & D.
100
6
200,000
1,000
380.000
4 g. J. & J.
1,000
10,265,000
£«• J. & J.
500
749,500
6g. F. & A.
500
&6 g. F. & A.
750,000
1,000
781,000
5g. J. & J.
100
5.500,000
"*5'g.
l.OOO&o (* 4937. 000
J. & J.
I *$16,000 O Id 5a of 1 896 rem
100
1903.
$
5,490
$40,785,647
19,234,692
52-84
100
100
100
500 Ac
1,000
1,000
1902.
$
5,249
$36,032,2F6
17.003,398
52-81
Total receipts
..$18,302,748
$3,9?3,603
$19,801,346
$3,992,737
$16,085,456
$3,742,546
(7)8,^88,925
(7)8,o73,973
(7)8,225,920
212,625
2,000,000
3,000,000
2,000,000
sr.$3,432,595 sr.$4,134,636sr.$2,116,990
Balance, surplus
(3)
OPERATIONS OP WHOLE SYSTEM.
Net.
(HK. inc.
Tear end June 30,'04. Cross.
Tot net inc.
Great Nor'hern Ry ...$3P,062,947 $16,679,973 $929,275 $17.609,24«
99,052 2,%572 1,020.624
Montana Central Ry .. 2,376,127
320,154
Will. & Sioux Falls Ry.
1,187,158
4,518
324,672
131,121
49,831
201
Dul. Water. & Pac. Ry.
50.032
Tot. Rv. sys. proper.. $40,057,353 $18,045,010 $959,566 $19.(104,576
967,466
241,420
Spok. Falls & No. Sys .
4,417
245,837
29" ,454
200,235
Minneapol s Ui-ion. ...
9,688
209,924
Mmneapol's Western..
58,119
18,690
8
18,698
34,413
Duluth Terminal
13,500
13,500
Tot. for the system... $41,414,805 $18,518,855 $973,679 $19,492,535
From this last result ($19,492,535) in 1903-04 paid total interest
charge of all companies, and guaranteed divid's on St. Paul Minneapolis & Manitoba stock, etc., not owaed, a total of $5,115,028, ana dividends of $8,683,925 on the stock of the Great Northern Ry. Co. and
$2,000,000 for appropriation for renewal funds.
In 1901-3 (10 months) received tHOO.uOO (5 per cent); in 1900-«U, $1,9?0,000 (12
per cent), m dividends on Eastern Ry. of Minn, stock; in 1902-03 on Montana
Central stock, $2; OoO (5 p. c.) and in 19 3-04, $35",' 00 (7 p. c.) and on Willmar
& Sioux Falls stock in 19u2-03 and 19O3-04, each 1280,000.
Officers.—President, James J. Hill, St. Paul; 1st Vice-President'
Louis W. Hill, St. Paul ; 2d Vlce-Pres., R. I. Farrington; 3d Vice-President and Sec'y, E. T. Nichols, New York; 4th Vioe-Pres., J. W. Blabon;
Treas'r and Asst. Sec'y, E. Sawyer, St. Paul; Asst. Sec'y and Asst. Treas.,
N. Terhune, New York ; N. Y. office, 32 Nassau St.
Directors.— J. J. Hill, Frederick WeyerBaeuser, E. Sawyer. M. D. Q rover.
Cannon. J. N. Hill, Louis W. Hill, Wm. B. Dean.
R. I. Farrington. H.
-(V. 79, p. 213, 1636, 1949, 1958; V. 80, p. 1111, 1174, 1479.)
W
Great Northern Bail way of Canada.— Owns main line
between Riv-a-Pierre, on line of Quebeo & Lake St. John Ry., to
Hawkesbury, on the Canada-Atlantic Ry., 168 miles, with running
rights over Q. & L., St. John to Quebec, 58 miles branches, 6^4 miles;
leases Chateaugay & Northern, Joliette to Montreal; total operated,
268 miles. Owns elevator oar shops at Quebec, etc. V. 71, p. 1220,
The 4s of 1905 ($7,962,000 authorized issue) issuable per plan V. 79,
p. 2795, are subjeot to call at par during ten years from date- Of the
bunds, $4,962,000 guaranteed principal and interest by the Canadian
Northern Ry., are issuable to retire old bonds and pay off other liens
and debts, and the remaining $3,000,000, at not exceeding $20,000
;
per mile, for additional mileage constructed or acquired.
4
2
4 lag.
J.
J.
J.
200.000
6
11,000,000 3 In 1905
15,000,000 4 in 1905
1,401,000
4g.
2,500,000
1,584,000
4*2g.
13,139,000
&
N. Y., 32 Nassau Street. June
N.Y.&Lon., BaringBros July
A.
J.
J.
A.
F.
M.
J.
&
do
do
D.L.&W.off.26Exch. PI. June, 1905,3%
N. Y, Stand. Trust Co. Jan 1, 1924
N Y..U.S.M.&Tr.<fcLon. Jan. 2, 1932
Aug. 1, 1913
N. Y., 5 Nassau St.
do
Aug. 1, 1913
do
do
do
July 1, 1930
Buffalo, N. Y.
Jan. 15,'05, 1%
N. Y., Fisk <fc Robinson Feb. 1, 1952
.
ain outstanding.
J. N. Y., Central Trust Co.
Phlla., Company's Office
do
do
do
See Central of N.
N.Y., J.P.
Apr.10,'05,3%
J.
Morgan & Co. July 17, '05,1 *s
do
do
do
do
do
do
do
do
do
do
J.
Jan. 1, 1916
July 10, '05,
July 1, 1913
Feb 28,'05,1%
July 1, 1923
1952
Hartford.
O.
& O.
& J.
& J.
& O
& A.
& N.
&
1, 1938
1, 1911
York.
Apr. 1, 1985
office, 40 Wall. St. Feb. 1, '05,5
do
do
Feb. 1, '05,5
New
N. Y.
& J.
& J.
F&A.31
J. & J.
5g. A.
7^
l.OOO&c
(2) GREAT NORTHERN INCOME ACCOUNT.
1J01.
Tear ending June 30.
1908.
1902.
Net earns. St. P. M. & Man.... $16,67 9,973 $17,96t,874 $13,268,998
395,896
Interest "n bond* owned
396,871
380.635
Divider ds on wtoebs owned
751,3*0
850.267
1,419,960
Profit on Treas. secur. sold
74.034
363,177
Rentals of leased lines
119,751
114,385
176,484
Bills receivable
1,492
1,491
3,059
354,<f96
402,424
General Int. and other income.
474,141
Paid rental St P.M. & Man
Great Northern dividends
Interest on £ loan
Renewal, etc., funds
700.000
2,714,000
700,000
310,000
1,000
OPERATIONS GREAT NORTHERN SYSTEM PROPER.
1904.
300,000
6g.
1,182,550 713 In '05
500 &o.
100
for 1903-04 was given at length In V. 79,
See also editorial p. 1924.
Tear ending June 30.
$
Aver, miles operated
5,623
$40,057,352
Gross earnings
Netearnings.
18,045,010
54-95
P. 0. of expenses and taxes...
-
50
annual Report.— Report
(1)
"
<fco.
&
1949, 1958.
Outstanding
Bonds— PrinciINTEREST FOR DIVIDENDS.
pal, When Due.
Rate Per When Where Payable, and by Stocks—Last
Payable
Cent.
Whom.
Dividend.
1,000
1,000
from Fosston, Minn.,
of 1898 provides for extension built
to the head of lake navigation at Duluth, and also for future requirements, including the retirement of the $4,700,000 1st 5s at maturity.
They are redeemable at 105 on three months' notice after Apr. 1, 1'928
—V. 66, p. 471. Montana Central bonds cover several roads. (See adv.
Chbon. Dec. 12, 1891.) The Manitoba guarantees these issues, and
Great Northern assumes guaranty. See form of latter, V. 74, p. 680.
The Willmar dt Sioux Falls bonds are endorsed with joint and several
guaranty of the Manitoba and Great Northern companies. Further
Issues may be made at $17,500 p. m. for additional road. V. 56, p. 247.
Minneapolis Western first mortgage is for $1,000,000. V. 60, p. 835.
The £1,500,000 two-year sterling loan dne Deo. 1, 1905, is secured
Manitoba Pacific extension
by deposit of £2,000,000 St. Paul Minn.
sterling 4s. The certificates of participation issued by the bankers are
In denomination of £200, or $972 each
V. 77, p. 1873.
General Finances.— Total funded debt per mile of main track (4,743
miles) in the hands of the public, $20,374. V. 77, p. 978. Train-load
1903-01, 447 tons.
Earnings.— Great North'n system (incl. St. P. M. <fe M., East, of MinD.
and Montana Central) July 1 to June 30, 1905, 12 months, $43,994,034
against $40,962,197 in 1903-4.
p.
Amount
Road. Bonds Value
Ureat Northern— ( Concluded) —
M
or
Size,
349
July 17, '05,2%
Oot.
1,
1,
1,
1,
Aug.
May
July
1948
1956
1910
1999
Earnings.— For year ending June
30, 1903, earnings were reported
$369,328; def. under oper. expenses, $8,322. Report for year
ending June 30, 1902, in V. 75, p. 1352, showed gross, $524,764.
President, D. B. Hanna, Toronto 1st Vice-Prest. James McNaught
35 Nassau St., N.
(V. 79, p. 2455, 2642, 2697, 2795.)
as, gross.
;
Y—
Green Bay
& IS ester RR,-Road owned from Green Bay, Wis.,
11
209 miles; branches, 13 m.; trackage to Winona, 4 m.
reorganization June 5, 1896 (per plan in V. 61, p. 471,)
to Marshland.Wis.,
History.—A
Green Bay Winona
of the
& St.
Paul, sold in foreclosure May 12. 1896.
Securities.—There are no fixed charges on the property other than
taxes, nor can any be placed thereon, or the property be sold or leased
without consent of 75 per cent of stock. Class A debentures are entitled to 2*3 per cent Interest, If earned, then common stook to 2^ p.c,
then the two share ratably but after 5 per oent has been paid on both,
'<lass B bonds are entitled to all surplus earnings.
See V. 61, p. 471.
A protective committee, John H. Davis, Chairman (Louis Ogden,
25 Broad 8t. f Secretary; U S. TrustCo .depositary) requested deposits
of "B" debentures before Aug. 1, 1905.— V. 81, p 155.
DrviDENDS—
(1898. 1899. 1900. 1901. 1902. 1903. 1904. 1905.
213
Class "A" deb., p. oJ 2*3
2 1*
4
5
3
4
4
2>j
4
Stock, p. c .....
3
4
4
(....
l's
5
Report for year ending Deo. 31, 1904, in V. 80, p. 1359, showed:
;
M
Freight.
Passen'r.
Net.
Gross.
Taxes,
etc.
Bal.,sur.
$446,852 $145,545 $592,397 $225,945 $20,358 $205,587
223,432
146,070
579,594
15,143 208,289
433,524
From bal. paid In 1904 on debent. "A," 5%. $30,000 oom.stock, 5%,
$125,000; in 1903, on deb. "A," $24,000, and on com. stock. $100,000.
Directors.—8. S.Paimer,Pres.; Mark T. Cox, sec. and Treas., 40 Wall
St.; C. Ledyard Blair, J. A. Jordan, W. J. Hunt.— (V. 81, p. 155).
Greene RR,-Owns road from Chenango Forks to Greene, N. Y.,
8 miles. Leased to Delaware Lack. & W. for term of charter for 6 p. 0.
->n stook.
Capital stook, $200,000; par, $100. The $200,000 7 p. 0.
bonds which matured Deo. 1, 1902, are held in the D.L.& W. treasury.
1904
1903
;
Greenwich & Johnsonville
RR.— Owns from Sohuylerville to
Johnsonvile, 21 miles, including extension from Greenwich to Sohuylerville, 7*s miles, completed in 1904. Stock, $225,000. Bonds, see
table above. For year ending June 30, 1904, gross, $70,210; net,
$23,080; Interest on bonds, $7,600, dividend (4 p. a), $9,000; bal., sur.,
$6,481. President, I. C. Blandy; Auditor, J. H. McDaniels. Office,
Greenwich, N. Y. (V. 78, p. 342, 1781.)
Guatemala Ry.—V. 76, p. 265; V. 78, p. 988, 1497; V. 79, p. 902
Guayaquil & Quito Ry.— (SVfoot gauge.)— Projeoted from
Guayaquil to Quito, Ecuador, about 290 miles, with two branches.
Of this, 165 miles, from Guayaquil to Riobamba, are in oneration.
Stock authorized, common, $7,032,000; preferred, 7 per cent, cum.,
$5,250,000. The bonds are guaranteed, prinoipal and interest, by the
Government of Eouador, secured by a first lien on all the Customs
duties of the latter, it receiving in consideration 49 p. 0. of the common
stock. Interest in London is payable at Glyn, Mills, Currie <fe Co.
All the bonds are purchasable for a sinking fund of 1 p. o. yearly, and
in addition $1,014,000 (of which $417,000 are now outstanding) are
subject to call at pat for a special sinking fund.
For calendar year :904 earnings were Gross earnings, £68,049;
cash from Government of Equador to pay interest on bonds, £121,348; total, £1»9 397; o. eratlng expenses, £67,600; interest on bonds,
£121 348; balance, buti lus £44^.
President, Archer Ha'mac; Vioe-Pres., T. H. Powers Farr, New York;
Sec. and Treas., S H. Lever, N. Y. Offioe, 27 Pino St.— (V. 81, p. 155.)
Gulf Beaumont <fc K.C.Ry.— See Sup. forOct.,1902;V.77,p.l225.
Gulf & Inter-State Ry.— See page 463.
Gulf c& Ship Island RR.— (See Map.)— Owns from Gulfport on
Mississippi Sound, Gulf of Mexioo, to Jackson, Miss., 160-5 miles;
branches, Maxie to Columbia, 48-75 miles, and Saratoga to
Laurel. 41-75 miles; Mendenhall to Silver Creek, 30 miles; total, 281
miles; 75-lb. rails are being laid. Important harbor improvements
have been constructed at Gulfport, including an extensive system of
docks, piers, etc.; also a channel 7 miles long extending to deep water.
From Mendenhall to Columbia, 60 miles, is under construction, of
which 35 miles completed June, 1905.
Stock - Capital stook, $5,500,000 (par of shares, $100) all outstanding and deposited with N. Y. Sec. & Trust Co. under a voting trust; J.
T. Jones, Harvey E. Fisk and Charles K. Beekman, voting trustees.
Dividends.—Apr., 1903, to Jan., 1905, both inclusive, 1 p. 0. quar."
:
none since.
Bonds.— Of the new
1st 5s ($5,000,000 authorized), $2,750,000 wer«
used to refund the old bonds (only $16,000 of the latter being now outstanding), the remainder were Issued as follows: $1,000,000 to complete the terminals at Gulfport, $500,000 for new equipment and $750,000 for 75-lb. rails and other improvements to roadbed and structures. A sinking fund of one per oent yearly,becoming operative Jan.2
1905, may purchase bonds at not exceeding 110, but the latter cannot
be drawn. To Apr., 1905, $47,000 had been purchased. See V. 74,
and application to list, V. 74, p. 1257; V.
Earnings.—For 11 months ending May 31.
p. 426,
81, p, 264.
11 months
67 oss.
Net.
Oth. Income. Charges. Bal., stir.
1904-5
$6,067
$280,439 $154,970
$1,710,831 $429,342
1903-4
243,415
10,844
565,784
333,189
$1,633,436
Report.—Report for year ending June 30, 1904, was given in V. 79,
p. 1701, showing (261 average miles), gross, $1,829,816; net over
350
RAILWAY STOCKS AND BONDS
[Vol. lxxxi.
July,
1905.]
RAILWAY STOCKS AND BONDS
351
352
RAILWAY STOCKS AND BONDS.
MAP OF THE
GULF & SHIP ISLAND
RAILROAD
AND
ITS CONNECTIONS.
Wloutht of the
Mississippi 'River
[Vol. lxxxi.
.
July,
RAILWAY STOCKS AND BONDS.
1905.J
\» r
Toht</gany
-^
Holgate/*-
^
^=^
•t^Berlin
i
l^^fflp
O
/rarnliam
_
Huronn
Berea
"Grand'Raplds
Bowlingl
jX
^g^Malinta
Jprwalk
Green Spring
Walk<
A/ecv>
/
M
,4^
Columbus/ _£i
Grove
w/
^St. Stephen
tfrwick
Scott
'New London
N
"\Fin
Jtireenwich.
CrestonN
o*»0-
(McCutchenvllle
r
&
'Bluffto
FT.
elphos
>.'
PPER/SA
?'
J^-^^W' /
Forest
*$\
1
f ^<h>£^<^_
J
,.,-
Wapakoneta
I
t.Marysl
CHI
,JP
iWoosterj
Bucyrui.
Cresni5
\
7 ;EN s
HarpsterV- *P "•Galion
Dunkirk
/
*#/^°> ^^Vorral/?
V°
/^M^L^^>
**6&VF
JCridersville
"
Hd^file"
Be"evllle
'
kRIONMEdlson
A)Mt.Gilead
Pt„„
©wens
Millersburg).
.
Telverton
L/Mf& STONE/
Lewiston
y
'Ankenytown
\Kldgeway
YBotklns
rospectfj/
/
oAnna
Hai 'P er
^V
cAjJ^—
H
'Quincy
^'jj/Sidney
^Pottersburg
4
Mt.Vernrf
f
X
I*
iKlllbuck
Ganni
\Fulton
W Jl V
VfrMeredith —
\
balbo'-ne/
—m \
Bellefpntainej
Vj,
I \/F^entreburg
/
E LA W A R
Coshocton>
g]
.
ST-
Versailles
'
Medina
Republic
.Chicago Jc
Stuav^
^•sJVan Werl
Wellington
e
j
**«tu
Vj
=-7^
i
/*'/<
"'ir
'°evj;j
«fc
^atty
<
Iigbefe
^6e»
HliRisin-ySiin
——_i_
^£e/„
X
Pu/goon
Deshler^—
°e
353
Itt's
larysville
J*^"
fe
jAlUfbrd Cen.
c^v\ PiquaftTpiqua Jc.
TJtica
VJohnstowD
Dresden Jc.)
I
-2r.
\CovingYpn
SSreenville
ILinworth
Urbana
rroy
©tat&y
'Mechanicsburg
~—
T.& O.C.Jc^
ffljernian
/Tectimseh
canunii (Ludlow.
Falls \
/Manches\er
l>
D
colOmi
/cT
«ra
'4>J
T'o
.anesville
^
4fe**..
s.
«
Da rlington
5
R'edfield^l
Mchbourij^
^°>
&'
47
JcT^-^Dayto.n
J
^Buckeye
tley Cy6ss{:
London
{S.Charleston
^Stjllwater
<i/
-rviornport
Springfield
.COL.
iDodsonV
01TTS.
/
.
\^\
,
J^toiTl Ca.nnelKille
i}^c V V l? - Porter^Ule
-
nQAshville
/LebajboE
K.TeffersQnville
CarHs
Allentown;
°
^ISjiJ^SPlDrakes
-sfSf&s.'y
ICIRCLEVILLE
i^MVMRRA'Y CITY
li;
.^Glouater
l^.\og st0
/
Haydenviwra^
,^,1 \tTnion Furnace nfii*
Adelphi
1
Starri
jHopetown
f^i^ATHENS
Ney Plymouth
|
Orland^,,
HILLICOTHE
I
:ls6nvi
vBeaumont
Summltr
1,
Orbiston
Buqhtel
ldht
Cre(»}Mw
,
WMkm&oN
M cArih u rWM'///,
ouN4'4Bwf
-
f
Alb&Ur
Hamden jS|^5awiadcliff
''pMHawk'aV
Glen Koy
CoaitonX
/nvprlv
^averiy
SBMinertonV£^p
v."»/C
Jackson
y%Alice
?J»jSargents
M E RO Y
^PifijMeport
J-Wi.
Ma'dison
-||Q"W"etniore
»|jjohnsons
CJWlddison
Evergi'eferf^
Kbirr
)avis
8
^ovJ^3-
>T.
G A LLI PQ LI S W7 ^S.Bri g Bton
,
*/**Jr
:,
Leon
^Sciotoville
^JOlive
»
'
Arbuckle
../Mt.Vernbn \
\
"\l'i>\
PLEASANT
fills'
IGrimm'a
Landing
5i\v\RFrankin a J
I
J
IFurnace n Culbertso
:tsdn
k.
|
(
Buffalo
SlRONTONl
Greenup^
v
*z
/S
Grayson/^ C
f
^?5^H
^ ^Vo
*4
%
OHIO
ettBb
0V
f Denton
SC.& O.Jc.
WJJIard':
t
Klchardso
•*
«e^L°™
SSn
—
".
RAILWAY STOCKS AMD BONDS.
354
KAILROAD8.
Date
Miles
Size, or
For explanation of oolumn headings, &o., see notes
of
of
on first page of tables.
Road. Bonds
Hoele
V<Oon.)K.&H.C&c.lstM.g .gu.red.llOaf'll
Con. Goal 1st M.,$3.Roo.ooo,g gu.sf.*06,red.H0af.*ias
Equip notes, payable oiontily.
..
Car trusts. g., $80,000 seml-ann.S. (V. 75, p. 741)
Hoosae Tunnel <£ Wilmington Stook
1st mortgag e, $250,000. gold
Eousl F. <f W Texas— S gu. p ft 1. by 80. P. Un.-O'
1st M ,*3,000,0t'0,g. > not guaranteed
Housl.6 Tex. 0. RR. -state of Tex. pr Hen 1st 75 m.
1st M.l.gr.g.rcd. 1 10,lnt.gu. $3, 206.000 pd.Ce c*&r
Con. M., 1. g., g., red. at 110. Int. guar.F.
0*&r
Gen. M.. gold, int. ttuar., end
WIpo"<fer
Waoo & N W Div 1st M.,g.,$2=\000 p.m.Oe o\fcr
Austin * Northwest, 1st M.,g., gu.p.ftl.IyIi».o*<lEr
Ft. Worth * New Orl 1st M. (Wax. to Ft W.).
O.Tex.* N
1st M gu 8. Pao. (Gar. to Wax.)F
Hudson Companies— St' k ($16 000 0' 01s 7% cum
•...
Huntingdon <f Hroaa Top Common stook.
Preferred stock, 7 per oent, non-oumulatlve
1st M.. extended In 1890 (int. only in gold)..GP
2d M., old 7s. extended In 1895, p &i., g.)...«P
Sd mortgage, oonsol., ext. In gold in 1895 t.P.C
Consol. car trust. $68,000 due Oct. 1 yearly
14th ser. car trust, $29,000 yearly Deo. l.PeP.
—
.
,
,
.
Iberia
<&
Illinois
Ve.rmil ion— 1st
,
line 4 per cent stock, guar, (see remarks.)
8terling bds. old 6s ext. in 1895
of
inort.
1892
1893
1893
1870
1890
1890
1890
1900
25
191
191
75
453
453
453
58
103
41
12
Sterling bonds, due 1905
4s of 1886, due 1951, gold..c*ftr
3^8 of 1886. due 1951, g ©*&r
3s of 1895, due 1951, gold.c*ftr
$15,000,000 ^
64
64
64
64
64
100
50
50
500
500
•
••
1854
1857
1865
1896
1899
1893
.
16
1,000
1.000
1,000
1875
1875
1886
1886
1895
1903
1
706
3>«8of 1903, due 1951. g...c*Ar
I
1,000
1,000
£200
;
.
.
&
—
i
Valie) Railway— (See Map.) — This oompany own*
from Pomeroy, O. to Walbridge, O., 250 miles, with trackage (Penn. RR. System) Walbridge to Toledo, 6 miles; branohes to
Athens, Nelsonvllle. etc. 73 miles; leases Wellston ft Jackson Belt
Ry.. Mc Arthur Junction to Jackson, 18 miles; total. 347 in.; 2d track,
46 m. Iu Oct 1 02, acquired an the neouritles of Zanesvllle ft West.
Ry., Columbus to Shawnee and Zanesvllle, O., with branches 126
miles (ol which 40 m. not owned) i'pt-rated separately. V. 75, p. 906.
History, <fec.— 8iiooes8or Feb. 25, 1899, per plan V. 68, p. 231, of
Columbuw Hook. Valley ft Toledo Ry., foreclosed. The coal lands, from
which the bulb of the business is derived, aggregate about 2o,975 acres,
and are covered bj the consol. mortgage In 18*9, acquired control of
Toledo ft Ohio Central Ky. (which see), by purohase of entire issue of
$8,421,000 Middle states Construction Co. collateral 3s, whioh are
secured by deposit of the entire stook of the Tol. & Ohio Cent. Ry.,
exoept $54,100 common and $11,600 preferred (See V. 69. p. 1345),
but that road is operated separately. Bee Stock below.
Preferred Stock.— Hms preference as to assets and dividends and
1b ent tl< d to share equally with common In any dividend above 4 per
V. so.
1 1
oent iu any y» a
1.
Sai e ok Skxk, Etc. In June, '903. $6,924 200 of the outstanding
fli.OOO.OOO common stork w«s sold to Ave RR. companies, viz.: 'he
P. Oin. (bio A St L (two-sixths Interest) and Bait & Ohio, Ches. ft
Ohio, ak<- ~h ft M south and Eile (eaoh oue sixth), the owners re
oelvlng $103 per share above all expenses. There were issued by J.
P. Morgan & Co $7.2/0. 1 10 three year 5% gold ••participation certificates," due June 28 1906, int. payable J. AD 28, scoured by the stock
acquired. The companies are obligated In the proportions named.
V. 75, p. 1301; V. 77. p 36. 1225; and form of oert., V 77, p. 1874.
DrvTUEND8.-On pref., 1900, H^p.c; 1901 to July, 1905, lncl 4 p. operannum On com. July, 1901, to July, 1905, lncl 3p c. per annum,
Bonds.— The ooomoIs ($20,000,000 authorized) besides a Hen on the
entire property, subject only to $\832,000 prior bonds, have a first
lien on all the ooal lands $5,832,000 consols are reserved to retire
the existing i»uic1h (these existing bonds, however, may be extended at maturity and $5,645,000 for the acquisition of new property
and betterments, of which $4.43H,000 sold In 1899-1901 V. 72, p. 338;
Hocking
main
line
.
.
i
.
1
i
,
)
1038; V. 76, p. 1192; V 78. p. 9*9. Substantially all of the
of the Ohio Land ft Ry. Co. and the Wellston ft Jack18 'lilies, are deposited under said mortgage. V. 68, p.
823 Guarantees Kanawha ft Hooking Coal * Oike Co. bonds. V. 74, p.
271; V.77, p 2 <93; V.*0, p.2219, 2*01; also Continental Coal Co.bonds.
V. 7.">. p 4» •, 987.
Col. ft Tol let 7b were ext'd 50 years at 4 p. c. in 1905. V. 81, p 211_
Latest Earnings.— For 1 1 months ending May 31:
'irons
.Vet.
11 mos.—
Oth. i,,c.
Charges.
Balance.
1904-5.... $5,4 5.^41 $1, '67,198 $371,025
$82'.«><8 $1,31«,535
V. 74,
p.
bonds and ntook
son Belt Ry.,
1903
5 243 629
1,707,375
367,575
8y4.515
1,180,435
mostly freight, and over 65 p. o. of this is
bituminous coal. Average train-load Is large in 1904 55 1 tons.
Report for year ending June 30, 1904. waa given at length in V.
79, p. 1262, 12S2; see also editorial, p. 1236.
1903 01.
1902-03
1901-02.
$5,725,483
Gross earnings
$6,049,698
$5,316,523
$1,S72,863
Net earning* after taxes
$2,211,172
$2,087,192
550,901
Other Income
686.W61
504,549
4..
Annual Report.— Tratrio is
Total available Income
Fixed charges
Dividends on pieferred
Dividend* on common
—
$2,423,764
1.018,971
(4)570,200
(3)3.0,000
$2,898,033
1,093,935
(4)560,000
(3)321.324
$2,591,741
989.-68
(4)560,000
(3)314.648
Balance, year's surplus.... $504,593
$922,774
$729,725
ers.
P e*ldent, N. Monsarrat, Columbus; Sec and Treas., W.
A»s't Sec. *nd Treas.. A H. Glliard. New Vork
N. Cott, Columbus.
K Hne»B Aiexanoer. Knoen Bacon, K M Gallnnay Thmnai" P.
DtHBfiuHMRyan and h»rl. - si>oe New v or*; Kalph W Hlckoi. Ob rlex G Hlckox
\t Cleveland; P.
and Inn.p- II
Iluniinitton N Monanrrat W. F.Good•peed,
B. Warner aco William N. Cott, Columbui, O.— (V. Hi, p. 811.)
Ofku
<
'
K
l
W
*500.000
l.OOO.&o.
taxes, $600,580; other income, $11,801; charges. $279.06 J dividends,
surolus, $133,313
Pres.. J T Jones, Buffalo, N Y.—
$200,000; hal
(V. 79 p. 1701, 2f4 !; V. 80, p. 1« 2 2621; V. 81. p. 2 11, 2«4.)
Harrfmau ft Northeastern Ry.— Harriman to Petros, Tenn..
22 miles I" Jan 1«03 en Ire stook acquired in the interest of the
Cincinnati, New Orleans ft Tex. Pao. Ry , but will be operated separ
ately
V 76, p 157 Stook, $60 ,000. Year to Mar. 31, 1902, gross,
$81,805; net. $39,981; charges, $18,000.-(V. 76, p. 212.)
Hartford ft Connecticut Western Ry.— Hartfor', Conn., to
Rhineeliff. N Y, 109 miles, and branch. 14 miles.
Leased till Aug.,
1940. to Cent New England Ky. (now controlled by N. Y. New Haven
Har f«rd RR), the rental paying charges and 2 p c pet annua on the
Btock, of which $1,390,000 Is owned by lessee— (V. 76, p. 1084.)
whi ii -vt »«- & Florida Southern Ry. Wor h to Hawkinsmoo* $lo0,000. of which on—half acquired in
ville, Ga , 44 miles,
Apr., 11*04. by Georgia South»rn ft Fl irida, which guarantees bonds
(Bee table above , p incip*l and interest.' Y<-ar eudiug June 30, 1903,
Pres., Bird M. Robinson, 277 Broadway;
gr SB, $ 9, 59. net, +22.255
Treasurer, C. U. Reynolds. (V. 78, p. 1781; V. 79, p. 25>-5.)
Hiberula .Vllne Kit.— Owns from Rookaway, N. J., to Hlbernla
Mines. N.J. .4*4 m. Leased to Oent. of N.J. in 1890 for $12,000 per an.
Ha
136 000
5
205.000
4
322.000
B
95,040,000 7 in 190
10,000,000
4
2,500,000
1.000,000
5 g.
1,500,000
4g.
2.499,000
3ifl g.
100
100
*200
4200
,.-
.
secures all
equally. l'«
5&6
1,00
1,000
1,000
1.000
1,000
1,000
1,000
1895
1881
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Payable
Cent.
Whom.
$3,000,000
5g- J. & J
2.750,0*0
P & A.
Various
427,438
1.120,000
4»Sg M. ft N.
250.000 2 in 1903 Dec. 31.
250,000
g M. ft S
2.199,000
i g- M. & N.
801,000
5 g M. & N.
See text.
6
4.842.000
5 g. J. ft J.
2,430,000
6g. A. ft O.
4,275.000
4g. A. ft O.
1,105,0"0
6g. M. ft N,
1,920.000
J. & J.
709.000
J. ft J,
18O.OO0
A. & O.
6
21,000,000
1,371,750 See text J & J
2,000,000 5^ in '05 J. ft J.
A. & O.
416,000
367,500
g F. & A.
1,497.000
i g- A. & O.
1.000
1,000
1,000
1891
I
18 74 for
Value.
100
Central— Stook, $95.040.000
Leased
1st
mortgage
Outstanding
$1,000
)
—
Par
1,000
1900-1 Various
1902
1.000
OB
,
W
1901
1902
Amount
[Vol. lxxxi.
3
3*
3.000.000
g.
g.
A
J.
F.
M.
J.
A.
J.
J.
J.
&
&
&
ft
ft
&
ft
&
ft
M.
ft
A
ft
N. Y.,J. P.
i><m an
-
Dne.
by stocks— Last
Dividend.
Morgan & Co. July
do
N.Y., J. P.
nil ol
r
pal. When
do
1,
1961
Feb. I, 1952
July. 1908
Morgan ft Co To
do
do
NovV5 M'y'12
Wilmington, Vt
Dec.31,'03,2%
Bost.,01d Colony Tr.Co Sept. 1, 1922
N. Y., 120 Broadway.
May 1, 193S
do
do
May 1, 1933
Houston. Texas.
Annually.
N. Y., 120 Broadway. July 1, 1937
do
do
Oct. 1, 1912
do
Apr. 1, 1921
do
do
May 1, 1930
do
do
July 1, 1941
do
Deo. 31, 1925
N. Y., 120 Broadway. Oct. 1, 1911
,4th&Walnut8t. Jan 28 '04, 1
do
July 23, '05, 3
do
8e.pt. 30. 1920
do
do
do
Feb. 1, 1925
do
do
Moh 31. 1925
do
Phila. .Merchants'Trnst Oet.1,'05-1906
o
D Penn. Co. for Ins., &c. To Deo. 1, '11
A N.Y.,So.Pao.Co. 120 B'y Aug 1943
S. N. Y., 135 B'way ft Lon 8ept.l,'C5,3««
do
do
July, 1905. 2%
J.
London.
Apr. 1, 1951
o.
D Lon., Chap.. M..G. ft Co. Deo.
1905
J New York, 135 B'dway. Jan. l; 1951
1951
do
do
Jan.
J
London.
Mar. \: 1951
8
O New York ft London Apr l 1951
Phil. Of
.
,
Hootiac Tunnel & » llmlngton It It. —Narrow Gadge.—
Hoosao Tunnel, Mass., to Wilmington, Vt., 25 miles.
In 1904 purchased by syndicate. V. -9, p. 903
Earnings for year 1903 04. gross, $67,421; net, $17,308; bond interest, $12,500; dividends (2 p. c). $5,000. Dlvs. in 1896, 1 p c; 1897 to
1903, 2 p. o. yearly Pres.. JohnP. Kellas, Malone, N. Y.-(V 79. p. 903.)
Houston Haul ft West Texas Ry.— Owns from Houston, Texas
to Sabine River at Logansport, 191 miles, where It connects with the
Houston ft Shreveport RR., Logansport. to 8hreveport. 39 miles. Reorganized in 1896 without foreclosure. 8tock $1,920,000. of whioh
$1,905,000 owned by So Pao. Co., which has guaranteed $2,199,000 of
the bonds, principal and Interest, by endorsement, reserving the right
to redeem them at 105 and interest at any time >n six months notice,
guaranty, V 70, p. 841; V. 71. p. 236. Year 1903-04, gross, $824,344;
net, $107,014; charges, $178,569; bal.. def., $71,655 —(V. 78, p. 2384.)
Houston & Texas Central Railroad.— (See Map of Southern
Pacific)— Owns from Houston, Texas, to Denlson, Texas, 338 miles,
Hempstead, Tex., to Llano, Texas, via Austin. 215 miles; Bremond to
Ross, Tex., 54 m. Garrett to Ft. Worth. 53 m.; other 30 in.; total 690 m.
—
HISTORY. Successor April 11, 1893, to a railway oompany foreclosed Sept. 8, 1888. Reorganization plan V 45, p. 792*. 820 On Aug 22,
1901, merged Austin ft Northwestern, etc. Litigation, see V. 74, p. 680.
Bonds.—The bonds are being gradually reduoed with proceeds of
land sales. The first mortgage was for $8,634,000, of whioh $570,000
reserved against claim of State of Texas upon 75 miles of the road.
The So. Pao. Co. guarantees interest on alt bonds. The first mortgagt
bonds and the consolidated mortgage bonds may be called for redemption at 110 with proceeds of land sales. See full abstracts of all the
mortgages in V. 52, p. 242. Of the $5 ,068, 000 consolidated 6s authorized
$1,149,000 (not Included In the amount outstanding above) are held aa
part seourity for the general 4s There were also June 30, 1904 $450,000 Lampasas extension interim 5s, all owned by So Pao Co. stock,
$10,000,000. of whioh the So Paoitic Co. owned *9,996,000; par. $100.
V 76, p. 1084, 1192, 1407. In 1902 3 a dividend of 6 p. o. was paid
out of accumulated surplus. V. 76, p. 1407. Ab to school fond claim
for $673,100. see V. 64. p 1137 V. 66, p. 471; V 70, p. 686.
Lands.— The lands June 30, 1904, held for cancellation of 1st and
oonsol. mortgage bonds, consisted of 2,170,056 acres, laud contracts
outstanding were *9/i6,»06. V 65, p. 869.
In year 1903-04, gross, $5,200,072; net, $1,136,061; other income,
$9,784; charges. $960,230; bal., surp.. $1S5.615.-(V 81. p. 264.)
Hudson Companies.— Owns a controlling interest In the New
Yoik v Jersey (tunnel) RR whioh has a partly completed tunnel
railroad from Hoboken and Jersey City to New York, at or near
Christopher St , and in the Hudson ft Manhattan KR whlo'i proposes
to build a tunnel road from Churoh Street, between Corilandt and Fulstreets, to a point in Jersey City near the Pennsylvania RR.
to
station. This oompany will finance the oompleti n o the tunnels and
provide necessary extensions, connect! ns. terminals and equipment.
Upon their completion in 1907, or soon after, the tunnels will form as stem running nlong the New Jersey shore from the Penn. RR. depot, passing under the Erie KR. passenger station to the Dei. Lack. ,v Western
station in Hoboken, with two arms to New York, one from the Penn;
.
,
stlvania station. Jersey City, the other from Hoboden. See statements of controlled cob. in this Seotlon. Has long-term cnnt>ao< with
the Penn. RR for the transfer of passengers. Incorporated in New
York Jan 9, 1905. V. 80, p. 1«2. Floated by H«rvey Flsk & Sons.
8tock authorized, $21,000,000, in $100 shares, of which +1H 000 000
is preferred, 25 per cent paid in, the latter hein* all subsoiibed for at
par, payable in instalments of not over 25 per oent ea h.
Trie preferred stock Is "entitled In priority to every other dividend or disrlbntion, io eoa<ment of the amounts paid In wl'h7
er cent peranrjnm
d-ite, of payment, aud inndtition to one fourth of every other
dlvi 'end or distribution. Out not entitled to vote for 6 year- nor until lull uuid."
i
thereon from
President, Walter 9. Oakman; Treasurer, H^nry A. Murray; 8eoy.,
B. Conger. Office, 111 Broadway, N. Y -(V. 80. p. 162, 222.)
n &. Manhattan it y.— See page 463.
Kenyon
Huds
Huntingdon A Broad Top int.. KH. ft Coal Co.—Owns from
Huntingdon, Pa., to Mount Dallas, Pa., 45 miles; branches, 19 miles.
Drv.-
On oom.
100000
65 5»a756
'92. '93. '94. '95. '96. '97. '98. *99 '00. '01. "02. '03. '04
4
Onpref. 7
54^4
777
5
7
Annual Report.— Report for 1904 was
Gross.
1904
1903
— (V. 79, p.
Net.
$676,511 $253,637
372,058
934,532
5
76
given in V. 80,
Interest.
$106,190
106,190
Divid'nds.
1905.
1
p.
513
1724
Balance.
$U3,717 sur $13,730
208,587
sur.
57,282
80, p. 650. 1479, 17*4: V 81, 1. 211 )
It.— Salt Mine Jet. to Abbeville, La., 16
Iberia ft Vermllf'Mi
miles. Srook, $300,000, of whioh $298,500 owned by Morgan's Louistana ft Texas KR. A 88. Co. (So. Pao.). Year 190J-04 grons, $77,492;
net, $45,164; other lno, $5,137; ohar*eB. $17,007; bal., sur., $33,293.
IlllnolsCeniral It It.— (.See Map.)— Roaii.- OperateH from Chicago,
111., southerly to New Orleans, La., 912 miles, and westerly to Sioux
City, la., 509 miles, with numerous branohes. viz. (Uwhlch see.)
Chartered in December, 1850. The oompany
History, Leabks,
paye to the State of Illinois 7 per cent (In 1904 $1,078,566) of gross
706 miles owned in fee yearly in lieu of taxes. The ( 'hioago St. L.
of the
ft N. O. Is leased for 400 years from July 1,1882, at 4per oent per annum
on Its $10,000,000 stook deposited to secure the leased line stock.
151;
V
H
Ac—
RAILWAY STOCKS AND BONDS.
July, 1905.
?klahoma\yr
^~~^H>^
^Fpftfemith
/ "TO.
7*
bv
Jnr r\
/
a
^V^Cjx\
-<i£"VbConway
;i55
^
X-LL^fc-}^-1-1
W.pJ^WI 1 T^f^ p
LITTLE ROCIQY-
NV^C-^M
Pine Bluff
D«°
(^3urdon Apka;
."War-ren-
\sson
\*.
i
Paris
rR^loSJ^
H u nt^toSB
^Hope Carf&n
MarafAll
v./
^yj^
\<§
g-r./'TCoraicaoa
acksonyille^
Palestine
/"adison
VI/iKSBU
,
^
FOrtG
/
V?
(Bah
Lufkin
/
W3
,
*N
—
a
BrenhaS
""t
/»
/^afc© Charles
la
Fayet©</U\*
tf7
MON1
AERY
fHazleUurst
ffBeauregaV
Luverne
'
'
Tangip^ho;
Amite
\BAT0N
Be a "t
I
,
Ba:
Tavlor
IN,
AcaleraX
Lauderdafe^TYork
Meridian
4rry
XftT k
OB^Brookhaven
SflBogue Chitto
Zl jsummlt V
"• 'McComb Cit.
Magnolia
Cheneyville
Hearne
>^
Crystal Sprs
f
HARRISMSNji^
/M J^T
NATCff#^fS
^X
°\N/
Rh\'iBH°
x
AlexandrlaNTv
bJr
yjoflDvii if °«i5
jTrinlty/
r
J
s.
.Monroe
'ffl\\^"e/»0rf
}
Annjston
ra^
reenyllle
(Wacy
/___
TBiVmingham
LELfc
Tyler
/
Point_JS^——*W?.
wiLcziNiskiE
/;
fiv*
(/)Texa
•-S^A.
^\J a sppr
sr
SJesf
Ham mo*
hi'
UHl
ILLINOIS CENTRAL
SYSTEM.
.
RAILWAY STOCKS AND BONDS.
356
RAILROADS.
L
VOL. LXXX1.
INTEREST OR DIVIDENDS.
i?ond8--Prinol-
Miles Date Size, or
pal, When Due.
Amount Rate Per When Where Payable,
For explanation of column headings, &e. Bee notes
of
of
Par
and by Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
Dividends.
,
— (Concluded)—
Illinois Central
Trust bonds sterl. (sec. by Ch. St.L.&N.O.oons.l.Us
1st M.,Sp.Dlv. ref. m., (V.66, p. 1237) g.Us.xo*<fer
Kank.
8.W 1st M.,Otto to Norman Juno. Abrs.r
Collateral trust bonds, gold, $ Us
c*<fer
Cairo Bridge bonds, gold see remarks). Us. .o*.fer
Col. trust, $25,000,000, g., on L. N.O.& T.Us.c*&r
Western lines, IstM., g.Us
o**r
St. L. Div. & Term 1 MT. $10,000,000, g. Us. xo"<fer
Do $5,000,000(SeeV. 65,p. 1173),g.,Us.x.o*<fer
Loulsv. Div. & Term. M. $25,000,000, g. U s. xc* <fcr
Chicago 8t. Louis & New Orleans, 2d mortgage..
5 Consol. M. ($18,000,000), gold, Int. guar.o*&r
&
Ill
131
857
7*98
1886
*200 $5,266,000
1897 $1,000
2,000,000
1881
1,000
968,000
1888 500 Ac. 15,000,000
1892
1,000
3,000.000
1892 500 &c. 25,000,000
1894
1,000
5,425,000
8,377,000
J 1897 500 <fcc.
$1897 1,000
4,998,275
1897 500 &c. 21,788,000
1877
80,000
1881
1,000 all,289,000
1897
1,000
1,359,000
1889
1.000
3,500,000
1900 l.COO&c
5,000.000
1900
1,000
3.148.000
1904
1,000
12,000,000
218
239
|
553
567
567
567
<Do guar. p. & i
o*
Memphis Div. 1st M., g.,gu. p. i. (end.). Us.
100
c*&r 130
Omaha Div., 1st M., g., $5,000,000. Us
o
98
Litchfield Div., 1st M., g. $4,000,OOO.F
Pureh. lines 1st M., $20,000,000, gold.Us...c*&r 631
Underlying St. Louis Div. <& Terminal bonds.
17 1883
Bellev. & Carondelet, 1st M. .Belle.to E.C.gold.C
1,000
51 1880
Bellev. & El Dor., 1st M. (I.C.owns $100,000)0*
1,000
o*
30 1886
1,000
8t. Louis Southern., lstmort., gold. Me
17 1887
Carbondale & Shawneetown 1st M., gold. .o*
1,000
Iowa Falls & Sioux City— See statement of Dub uque &Siou xCity.
1904
ill. la. <£ Minn.— 1st M., $5,000,000, g ,rod IC..C,
1,000
Illinois Southern— 1st M .gold, $5,000,000. EC. C
i'32
1903
1,000
Illinois Term'/— 1st M., $500,000, g., red. par.IC. Text. 1905
1,000
Illinois Tunnel Co.— See Chicago Mibway Co.
Indiana Illinois £ Iowa—Stock. $6,000,000
100
203 1900
1st mortgage, gold. $12,000,000. gold.lC
o*
1,000
Indiana Decatur <£ Western— See Cin. Ind. & Wes TERN.
,
<fe
470,000
71,000
538,000
241,000
.
In addition $5,266,000 oonsol. 5s are plertied to sec ure
111
Road owned in fee.
Miles
Miles.
RR.
Main 706 Evansv. Line (Ohio Val.Miss. 139
Mem., Ten., to Grenada,
100
Dubuque, la
Yazoo & Mississippi Val. RR.
Dubuque & Sioux City IT
Memphis toN. O. and brs... 1,175
730
Chioago to Cairo, HI.
Centralia, HI., to East
.
i
i
stem
$
Switz City to Efflngh'm, HI.
88
Springfield to E. St. Louis,
111.
(V. 71, p. 547)
98
Acquired— Oct., 1901,
Peoria,
I1L,
to
Leased.
Chioago
branch
& N. O.
Branches
239
773
. .
(V.
80
9
251
Total system June 30,19045,549
Of which earns, kept separate
Yazoo & Miss. Vail. RR
1,175
—
RR.
Cairo, Hi., to New Orleans.
Line to Louisville, etc. . . . >
8. W. & br'ches).. \
(C. O.
&
. . .
Leased.
— Control owned.
St. L.
H
Chicago & Texas (Sept. '97)
Track'ge Oliver Br. to Thebes
Evansvllle,
Lad., with 6 m.
73, p. 391,665)
Louis Alton & Terre
Entire stock, owned.
8t.
547
ei *
01 .
Total inoluded in earns.
Jnlyl, 1904
4,374
In Sept., 1904, the Indianapolis Southern Ry., under construction
from Indianapolis, Ind., south to Sullivan, 110 miles, was purchased,
affording a line to Indianapolis. V. 78. p. 2442; V. 79, p 733, 968.
Branch to 8and Ridge. 17 miles, opened In Aug , 1901. Contract for
branch from Silver City to Valley Park, Miss., 45 miles, was let in
June. 1905.
Capital Stock.—The leased line stock is seoured by deposit of
$10,000,000 Chicago St. Louis & New Orleans stock. (V. 65, p. 1071.)
Early In 1901 the stock was lnoreased from $60,000,000 to $66,000,000, in Nov;, 1901, to $79,200,000, and in Aug., 1902, was further increased to $95,040,000, to provide additional equipment and faciliSee V. 71, d. 1066; V. 72, p. 241, 282; V. 73, p. 82.138, 666; V.
ties.
74, p. 1308 V. 75, p. 77, 498. Of the» stock 78 per cent was in Oct.,
1904, held in America, $8,000,000 of this being owned by the Railroad
Securities Co. See that oompany in this Section. V. 71, p. 698, 779.
DrviS. ) 1886. '87. '88. '89. '90. '91 to '99. '00. '01 to Sep., '04. 1905.
5 y'rly.
6 yearly
•Com. stk. ] 7*2% 7
7 5ifl 6
7
5»a
In Mar. and Sept., 1905, 3 p. c. and ^ p. c. extra were paid.
Bonds.— Main line $15,000,000 mortgage of 1874 covers property
described in V. 63, p. 76. Cairo bridge bonds are secured by deposit
of a like amount of Chicago St. Louis & New Orleans 1st M. Cairo
Bridge 5s. The rental for the bridge is $180,000 in gold annually, of
which $20,000 goes to a sink. fund. See adv. In Chronicle, May 7,1892.
The trust bonds of 1886 are seoured by deposit of $5,266,000 Chicago
8t. L. & N. O. consols of '81, and are to be Included in any new mortg.
The collateral trust bonds of 1952 are secured by pledge with the U. 8
Trust Co. of New York of $16,350,000 5 per oent 1st mortgage gold
bonds of subsidiary railroads oovering 854 miles. See list, V. 55, p. 550.
The $25,000,000 collateral trust bonds of 1953 are secured by pledge
of all the Loulsv. N. O. & Texas (now Yazoo & Mississippi Valley RR.),
$16,900,000 1st mort. bonds, except $68,000, *.ll the $9,104,000 mort.
Incomes and all but $96,000 of the $10,000,000 land grant inoome.
See adv. in Chronicle June 11. 1892, and V. 54, p. 964 ; V. 61, p. 112.
The Chicago St. Louis <£ .few Orleans have their interest guaranteed
(by endorsement) until the prinoipal is paid. The 3^a of 1897 are guar.,
p. <fe 1., by endorsement— see guaranty, V. 65, p. 1071.
The Western Lines loan of 1894 is for $10,000,000, but $4,575,000
bonds can be issued only when the road from Iowa Falls to Sioux City,
184 miles, now subject to $2,800,000 of Iowa Falls & Sioux City bonds
(see Dubuque & Sioux City RR.) due in 1917, shall be transferred to
the trustee without encumbrance. See Supplement of Jan., 1899.
The St. Louis Division <6 Terminal bonds are for $15,000,000
authorized, of which $5,000,000 are three per cents; $3,500,000
were issuable for improvements, equipment, etc, and $1,499,000 are
held to retire $1,400,000 underlying bonds still outstanding on the St.
Louis Alton & T. H. system; see table above. See abstract of mortgage in V. 66, p. 138. See also V. 66, p. 133; V. 71, p. 546.
Louisville Division <t Terminal mort. is for $25,000,000; of the bonds
81,112,000 are reserved to purchase the 46 miles (Cecilia branch) from
Louisville & Nashville and to retire the L. & N. bonds thereon; $2,500.000 for new additions or extensions. Chicago St. Louis & New
Orleans took title to the Louisville Division and loined in making mortfage. See V. 66. p. 136, for abstract; alsoSupp. of Jan., 1899. V.
5. p. 367, 516; V. 66, p. 133; V. 67 p. 581; V. 75, p. 671.
Of the $4,000,000 Litchfield Division bonds, $852,000 are reserved
for improvements, etc. V. 71, p. 547, 646; V. 79, p. 2455.
The purchased lines 3>as of 1904 (*20,O0o,Oo0 authorized) cover
various minor lines aoquired. Of the bonds, $12,162,000 (of which
$162,000 in the treasury) has been issued on 631 m. of subsidiary
branoh lines purohased, $5,338,000 Is reserved to retire at maturity
$968,000 bonds of the Kankakee & Southwestern due 1921 (see bond
table above) and $4,370,000 bonds of the Chic. Mad. & North. (231 m.),
whloh are pledged as part collateral for the collateral trust 4s of 1952;
and $2,500,000 can be Issued only on acquiring title of Peoria Decatur
A Mattoon RR., 67 m. (See V. 71, p. 288; V. 79, p. 1273, 1642, 2588.)
General Finances.— In Dec, 1904, sold $12,000,000 "purchased
lines" 3»a p. c bonds. (See above and V. 79, p. 2588.)
EARNiNOS.-11'mos, 5 1904-5.. Gross, $45,397,955; net, $13,264,669
July 1 to May 31. < 1903-4.. Gross, 42.806.H10; net, 10,870,9b0
Report.— Annual meeting Is held the third Wednesday in OctoberReport for 1903-04 was in V. 79, p. 1261, 1273; editorial, p. 1239.
The, following does not Include Yazoo & Mississippi Valley.
;
A.
J.
4
M.
g.
4g. F.
3Ljg. J.
3
J.
J.
J.
g.
3iflg.
6
J.
J.
A.
O.
D.
N.
A.
J.
J.
J.
D.
5g. Jrf&Drj
3isg. Jij&Dzj
4 g. J. & D.
i
3
3*2
&
&
&
&
&
&
&
F.
J.
J.
g>
g.
g.
J.
J.
M.
M.
IS
5g. M.
5
J.
J.
g.
ral trust
&
&
&
A.
J.
J.
D.
J.
S.
S.
S.
D.
J.
& A
5,000,000 4 in 1905
4,850,000
4g.
Oe ntral collate
lnois
RR.— (CONCLUDED).—
Illinois Central
See text.
4,400,000
350,000
&
&
&
&
&
&
&
&
&
&
&
3*8 g. J.
3J«g. J.
5
F.
& J
bonds
London, BarinfBros. July 1, 1950
135 'dway. Jan. 1, 1951
do
do
Aug. 1, 1921
do
do
Apr. 1, 1952
do
do
Deo. 1, 1950
do
do
Nov. 1, 1953
do
do
Aug. 1, 1951
do
do
July 1, 1951
do
do
July 1, 1951
do
do
July 1, 1953
do
do
Deo. 1, 1907
do
do
June 15, 1951
do
do
June 15, 1951
do
do
Deo. 1, 1951
do
do
Aug. 1, 1951
do
do
Jan. 1, 1951
do
do
July 1, 1952
New York,
do
do
do
do
do
do
do
do
New York or Chicago
New York.
Ill.Tr. & Sav. Bk, Chic,
Treas., Gr. Cent. Stat'n
do
do
June
Moh.
1,
1923
1910
1931
1932
Mch.
1,
1944
July
1,
1,
Sept. 1,
Deo. 1, 1953
Jan. 2, 1925
Aug. 1, '05, 2%
July 1, 1950
of 1886.
Tear ending June 30—
1904.
1903.
1902.
Miles operated
4,374
4,301
4,284
Passenger earnings
$9,554,743
$8,977,228
$8,020,649
Freignt earnings
31,692,575
30,592,094
27,710,782
Mail, express & miscellaneous.
5.61H.754
5,583,838
5,089,599
Total earnings
$46,831,116 $45,186,077 $40,821,030
Operating expenses
34,735,682
31,697,956
28,014,340
Net earnings
$12,095,454 $13,488,121 $12,806,690
Net rec'pts from interest, &o... 2,675,496
3,445,318
3,535,109
Miscellaneous
41,053
15,830
16,679
Total receipts
$14,812,003 $16,949,269 $16,358,478
Deductions —
Interest on HI. Central b'ds.... $2,961,615
$2,999,740
$3,015,365
Int.onChi.St.L.&N.O.b'ds....
2,415,079
2,416,653
2,413,251
Rental Dub. & Sioux C. RR
cr. 87,136
96.366
505,161
Net rental St. L. A. & T.
520,209
507,525
507,525
Miscellaneous
136,306
199,593
126,732
Dlvid'ds on HI. Central stock. .( 6)5,702,400 ( 6)5,702,400 (6)4,752,000
Balance, surplus
$3,163,530
$5,076,992
$5,038,462
Yazoo & Mississippi Valley.—Results on 1,173 miles In 1903-4;
1,162 miles in 1902-3. 8ee report at length, V. 79, p. 1020, 1031; edit.,
p. 993. In Jan., 1903, $569,574 was paid for back taxes. V. 77, p. 713.
Tear—
Cross.
Net.
Other inc. Interest, etc. Bal., sur1903-04. ...$7,868,335 $1,772,717
$3,558 $1,197,659
$578,616
1902-03.... 7,330,085
1,656,925
39,792
1,136,111
560,606
From surplus in 1903-04 as above, $33,000 was added to insurance
fund, the balanoe, $545,616, being all paid Sept. 1, 1904, to HL
Cent, as owner of entire $9,104,000 Loulsv. New Orl. A Tex. 2d mort
Inoome bonds on account of arrears of Interest ($5,093,916) on July
1. 1904; $277,712 paid from earnings of 1902-03.
Officers.— President, Stuyvesant Fish; 3d Vioe-Pres. and Sec, A. G.
Haokstaff; Treas., E. T. H. Gibson. 135 Broadway, N. Y.
Directors.— Walther Luttgen, JohnW. Auchincloss, J. T.Harahan Charles M.
Beach, Cornelius Vanderbllt. Stuyvesant Fish, Edward H. Harrlman, John
Jacob Astor, Charles A. I'eabody, John C. Welling, W. Morton Grlnnell, R.
Goelet, and ex-ofttclo, Hon. Hlchard Yates, Gov. of Illinois.
(V. 79, p. 1704, 2455, 2588; V. 80, p. 222, 997; V. 81, p. 264.)
Illinois Iowa
Itllnnesota Ry.— (See Map.)—OvrDB Rookford
111., to Joliit, 95 miles;
under construction from Joliet south to
Momenee, 35 miles, to be completed late in 1905; an easterly extension from Peotone to Michigan City Is proposed. To be an outer belt
line connecting all roads entering Chicago. Incorporated In Illinois
in Nov., 1902. Stock authorized, $5,000,000; par of shares, $100.
Bonds are subject to oall at 107 and interest on six months' notice.
Of the $5,000,000 bonds authorized, $4,000,000 is issuable at not exceeding $30,000 per mile of main track when completed in ten-mile
sections. The remaining $1,000,000 is issuable (a) on vote of not less
than two thirds of the stock for acquisitions of completed connecting
lines, the bonds to be a first lien thereon at not exceeding $30,000 per
mile or (b) at not exceeding $200 000 yearly for additional lands,
buildings, side traoks, second tracks, terminals. Improvements and
rolling stock, but only when the portion of the road for which they are
acquired is in operation
V. 78, p. 2599; V. 79, p. 103. The allied
Rockford Belt Ry. Co. will vote Aug 16, 190*. on making a $1,000,000 mortgage. (V. 80. p. 2459 ) President, H. W. Seaman, "The
Rookery," Chicago, 111— (V. 80, p. 2457.)
Illinois southern Ry.— Owns Salem to Bismarck (including
River Transfer, 1 mile), 12286 miles; Chester branch, Missouri Jot. to
Chester, 10-70 m.; Rosborough branch, Sparta to Rosborough, 5 m.;
total owned, 138°56 miles; leases Illinois Central trachage, Branoi
Jot. to I. O Jot., 2-75 m.; total, 141 31 mllos. Sucoessor June 1, 1900,
of the Centralia & Chester RR., foreclosed. V. 70, p. 1048; V. 71, p.
29. Stook, common, $4,000,000; 6 p. o. cumulative preferred, $1,000,000 par, $100, all Issued. Of the bonds, $600,000 is reserved for improvements and equipment during calendar, years 1906-8 at not exceeding $200,000 yearly. V. 79, p. 600. Equipment notes, inol. int.,
June 30, 1904, $150,643.
For year ending June 30, 1904, gross. $307,130; net, $141,810; Int.
and taxes, $137,502; bal., sur., $4,308. President, J. W. Walsh;
Oflloe,
Sec. and Treas.. C F. Weinland; Auditor, A. F. Williams
Grand Central Station. Chioago, 111.— (V. 78, p. 1223; V. 79, p. 500.)
Owns terminals at Alton, 111., and road,
Illinois Terminal
Alton to Hartford, 111.. 6 miles; Hartford to Edwardsville Jot., 7*1 m.
leases from Wabash RR., Edwardsville Jet. 1o Edwardsville, 1'6 m.
Of the bonds, $150,000 are
Stock, $500,000; par of shares, $100.
reserved for future purposes. V. 79. p. 2205. Year ending June 30,
1904, gross. $120,379; net, $47,665; interest, rentals and depreciation,
$15,240; bal., sur., $32,425. Pres., Wm. Eliot Smith.— (V. 79, p,2205.)
H
W
—
&
;
RR.—
& Iowa RR.—
Owns from South Bend, Ind.,
Indiana Illinois
to Seatonville, 111., 192 miles, with branohes, 13miles; trackage, 9 miles;
leases for 50 years from Feb. 23, 1900, the St. Joseph South Bend &
Southern RR., South Bend, Ind., to St. Joseph, Mich., 36 m., but on
Apr. 14. 190\ operation was transferred to Mich. Cent.lRR.jJtotal, 250
miles. Lake Shore &Mioh. So. owns $4,870,500 stock. V. 74, p. 41.
DrviDENDS.— Oct., 1899, to Feb., 1904, Inclusive, 4 p. o. per annum;
the Aug., 1904, div. was passed; in 1905, F.&A., 4 p. c
Bonds.— Of the $12,000,000 lst4s of 1901, $7,500,000 were Issuable
only for new property and improvements; of these, $350,000 were
issued in 1902. V. 71, p. 1289; V. 72, p. 87, 722; V. 74, p. 1251.
'
July, 1905.
357
RAILWAY STOCKS AND BONDS.
J
v
c
'"i-^
/
l;
MIL
\/'V
v>
1
/
/r
u
W
Jc/
.Milton
Broadliead^t
/i*-s
\
Hanover?
i
lie
U\K
A
E
)
/mJl
*n
c
"»</?
O
K /
N
/
/cf»,
7
Mli
lU-loit
Clinton
w\i n n e b a
7
gj
Elkhorn
kST.PAUlT
CRofcktoii*
°A/
w
OV
R
T,
Winnebago
Burlington
Harlem V.
Argyle
Caledonia?
iOCKFORI
V
2'
ew
_
IJ'elvidere'
ml-fofaYc*,.
/,
\\Z TNiJE W&
G
JcA
AY
\"^
Davis\Jc
°
harvard
Ch^ry V
lNe\v
Mil^oi
,/
/
x
Monroe GenT^vW^.
?*.
M
/<
i.wood^Fairdaie^'Linden.v
KlF»* LA N
c\ ^Hr E \N
fY,
D
*£>
Esmond
rystal
Lake)
/
i
c^
-Roche_lle)
K
iisor
1
Creston
z
I
o
^/ Malta
*f§Sycamore
^
XX
irtlati
V
•>**m
Shabbona
,.
*$
Ut-.a
1/
%^
^arlvilie^
<T^-iC^>
E
M
[Spaulding
Genev^j^^Nj/
/
Yorkville'~' c
>
X'Des'Plaini
Ly^O\P\AN
^'
AUROR
"&
j\
BataviaC^T^W; h^. a g
Rock^°4*^i
/SugaT^Jrove
/
(
BarringtOD"
S
JPElgi.f
J^^a F °
5/W/^W(
Big
'
/
^oXElburiJ
t \,»
<
Almo^a
)
/
*.
V
*A
I
V/heaton
UIN -
Normantown^
Walker
N^
«
«/j
^jCaton
Farms c
,
B. "/
rt^
ft*
S^
Blue Island)
Jew tenox
\^"-
/
v£a£$& ^ Co
>
^
^/„
o
al
/^
o\
X
ff.0-
*
IS-
-k
f^JTrankf ort
'Elwoodl
Cy
ROCK
/ W'
\
^lanhattan,)
w_
Rich'tpn^^a^fS!51
L
I
_
^
^ ^^Lhicag<j/\Its.\
5
^ SymertoV •MkT
Gardner
X
dn/i 1. o
,
fiffith
iGrl
Coste
'
&/
v Essex.'^\
'i}5~
P E O.T,0 N
/
/St./olm)
dn
/Goodnow
e;
Manteno r
Jjlleddiclr'
"A
/vc*"
ICMvm'PtJ.
tk
Cedar ,L.
»\
-?S<ptis
r
r
CAlixla,
/(Low/ll
/
t^^Jv -?>CMage€
VHaskell/^ii'^?-
Le Roy
K
E%\
SjVanatah
Shelby
/
W.ellsborp
KHu
/
I
¥
fcafce
Hanna
e^outs^'^'Wto>
"u Grapse
-'J
vs/«.
6
^Hamlet)
Wheatfiel
/v
^\"/
MAP OF THE
ILLINOIS,
/
/
/Si?
/_/
Fair Oaks
O
A
IOWA & MINNESOTA'^
A
RAILWAY.
AND CONNECTIONS.
/*
ro\
i\ /VWestviUe^
/
tj ;i /a
Saxonyy
.
^/^,'
JVVinffbJd
/Tucker
'Qtvy^-O / Bradley
Kankakee;
MOM
*f-j
f~
'
'&*) / }
Buckingham^
vHoba rt J\^v*\
\
San
c
PierreT°-~
\
or
Knox
—^_!^A__-f?—^K.
gouth-JAidsonlvxY
,
Me
/
D
^i
V
Percy Jc.
P(
Goodland
/
U
L
A S
\
K
I
L
;
.
RAILWAY STOCKS AND BONDS.
358
RAILROADS.
Miles
Date
Size, or
Amount
Par Outstanding
For explanation of column Headings, Ao., see notes of
of
on first page of tables.
Road. Bonds Value.
Indianap. South.— 1st M., red. llOtest.g.Usm c*&r
tndianapolis Un.—lBt M„ g.. s. f. not callable. FPe"
93
Gold notes, part due yearly, guar., text.. ...
Indianapolis dt Vincennes—See Vandalia RR.
Interborongh Rapid Transit— Stock, $35,000,000.. Text
Notes. $15 000,000 auth., gold, red. at par
International it Qreat Northern—1st mort., gold
1.109
2d mortgage, gold F
o* 1,109
3dM.($3,000,000)<form'lylno.),g.inol.8criplTle.o" 1,109
Colorado Bridge bonds, sinking fund F
Interoceanic Ry. of Mexico— Ora. shs., £ 1,700,000.
Preferred shares, 7 per cent, cum., £1,000,000
Pr. lien deb., subl. to call at par aft. Moh. 1, '97.
Four p. o. deb. stock, sub. call, par, £1,150,000. •"•"
Deb. stock, 7% "B," sub), to call. 120, non-oum.
Second deb. stock, red. at 105 after 1911, text
Mex.E. deb. stk., 4450,000, guar., red. 105 beg.'14
lO%ca Cent.— Common stock, $11,000,000 auth
Preferred stock, $7,400,000, 5 p. c, non-cum
503
1st M. for $7,650,000, g. (abstr., V.49,p.582) iTle.o*
Refund'g M., $25,000,000. g. See text Itto..o*&r 541
21
Jacksonville Ter.—lBt M., $500,000, g., gu I?Ip..o
37
Jamestown Ohaut. <6 L. B.— 1st M., $750,000 N.o.
2dMs,ext. In '87A'89 (H'dale Br.)c
8
Jefferson— 1st &
37
M. Carbondale to 8. depot, g. gu. p. 1 F P o*
1st
45
Joliet & Northern Indiana— lat M. gu. p. <fei. M.Ce.o
Junction (Philadelphia) 1st m.,guar.p.Ai.(ext'd). 2-96
General mortgage, gold, coupon, $750.000
296
15
Kanawha <£ Coal Rivet J olnt M., $ 50,000, g., s. f.
m.anaic.<£ Mich.—1st M.$15,000 p.m.g.gu. p.&l.Ce.o*
164
—
.
<fe
.
.
—
—
••"•
"iibo
£100
£100
100
100
1888
1901
1894
1901
1867
1889
1877
1882
1900
1904
1890
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,0(0
1,000
$865 o* ; net, *256,l/9; other income, $3,332; charge* and taxes,
$14^,058: dhidenl- (2 p. c.), $100,000; bal sur., $17,40"?. In 1903,
gross, $775,415; net, $153,180. Report for year end June 30,1904,
in V. 79. p 2640, showing. eross,$l,630.324; net, $3 6,430; ohgs ,$214,315; dividends (2%), $100,000; baL, sur., $2,115. (V. 80, p. 2457.)
,
1
Indianapolis Southern Ry.— See page 463.
Indianapolis I ulon Ry.—Owns 3 miles of track,
'93 of a mile
leases for 999 years
of road, with terminals at Indian a polls, Ind., and
the Belt RR. of Indianapolis— 12*9 miles (which seel
Formed in 1850 and mrmsnes terminal facilities to the several
railroads entering Indianapolis. Capital— The Cleveland Cincinnati
Chicago & St. Louis, the Pittsburg Cincinnati Chicago A St. Louis and
are virtual proprietors, they having invested in it
the Vandalia
$861,817 to June 30. 1903. No stock outstanding.
The $500,000 4 p. 0. notes of 1904, guaranteed priu and int. by Pitts.
Cin. Chic. A 8t. L. and Cleve. Cln. Chic A 8t. L., mature Sept. 1 yearly
as follows, $85,000 from 1905 o 1908 and $80,000 In 1909 and 1910;
Commercial Trust Co. of Philadelphia, trustee. V. 80, p. 871.
Earnings 190304, gross, $862,927; net, $25«,967; other Income.
96,595; total deductions, $185,024; bal., sur., $80,538— (V.tO, p. 871.)
Indianapolis A Vlncennes
See Vanrialla RR.
RR
RR.—
Interborougn Rapid Transit Co.— (See Map.)— Incorporated
May 6, 1902. in New York, to operate tne municipal tunnel railroad In N Y. City extending with two tracks from batten to City
Hali, and as a four-track line from the City Hall (with two track loop
at that point) under new Elm 8t., Fourth and Park avenues, to
42d St., thence under 42d St. and Broadway to 103d St.; also as twotrack lines, partly vladuot, (a) from 103d St., on the West Side, to
Klngsbridge Station, <b) from 103d St. to the East Side and Bronx Park.
Extension ander the East River via Fulton and Flatbush avenues to
Atlantic X venue, Brooklyn, there connecting with the Long Island
RR., is to be completed in 1906. Total to he about 65 allies of track
on 25 miles of road. V 77, p. 827; V. -0, p 222, 1912.
On Oot. 27, 1904 the west side main line from 145th 8treet to City
Hall. 9 miles, was opeue.i, and on r-ov. 23 the east side line from
14 5th Street south; and in July. 1905, began op- rating to the Battery and on east side to West Farms. The ext< nslon to Kingsbrldge
is expeoted to be operated early in fall of 1905.
v. 81, p. 1 <5.
Leases Manhattan El vate ) Ry for 999 years from April 1. 1903.
See that co Has agreement with N. Y. City Interborough 8t. Ry., controlled by allied Interests whioh proposes to build various surface
roads in Bronx Borough. (V. 80, p. 117. 1175, 1479.)
Owns stock of H. Y
Queens Cour.tv Ry, 74 miles, and, jointly
with Lone IsUn KR. the V Y. A Long Island rraoti on Co. (the latter
acquired June 190 ) 37 miles. V. 80. p. 2621.
Contracts.—(ontraot with city calls for the construction of the
road from City Hall north for $35,000,000 and its lease to the company for 50 years from completion, renewable-' for another 25
years, the rental to be equal to the Interest on the city's bonds issued
for construction (hut not for ea-ements, eto.) and a sinking fund of
1 p. 0. yearly to retire the bonds, beginning 5 years after the road Is
placed In operation, provided not less than 5 p. o per annum Is then
earned on the stock. The company must also at It- own expense provide the eleotrical equipment, contracts for which will aggregate
81 6.000.000
For contract see V 69, p. 10«3 The extension from City
Hall, Manhattan, to Brooklyn, Is being built without aid from city except about $3,< Oo.oOO, and leased for 35 years with privilege of renewal for 25 years. V. 75, p. 184, 10^6, 1202 See V. 76, p. 101, 1234.
Possible exten's. see V. 78, p 342. 1550; V.80, p.l 7. 2345.
Id July. 1905, $46,116,000 city bonds had been Issued, of which
$44,616,000 are 3^ per cents and $1,500,000 3 per cents.
Stock.- E. \tora Davison, B. Hamburger and Charles B. Ludlow
are the voting trustees tl 1 May 12. 1907.
DiviDBND.-July, 1904, /p.O| Jan., 1905, 3.; Apr., 1%; July. 2 p.c.
Notks. -The 4 v 0. notes of 1905 'Windsor Trust Co of New York,
trusteei will b- fqualiy secured In theevmtof the com any exeoutlng a m"rtgage coveting the leasehold interest in the Manhattan Ry
Ry or the Kapld Transit Subway » onstr notion Co. or N. Y. & Queens
Co Ry. stock. V. >-0 p. 1*12
<
A
Earnings —Estimated yearly earnings from operations of tunnel
road trom City Hall, Manhattan, to Kingsbiid e and Bronx Park are
at outset gross, $7,500,000; net, $4,125,000; int on N Y. City bonds
$1,295,000; hal., sur $2,830,000, or over 8 p. o. on stock. Balanoe
sheet June 30, 1904, V. 79. p. 731. For the 9 months ending Mar. 31:
.
Net
Oth'T
earnings.
4fK me.
180H-4, Manhattan Ry... $10 4U.5- 3 (0,127.744 $280,6'!6
$fl,99w,318 $5>8l,8tl $.50,000
1901-5, Manhattan Ry
19U4-5, Bub.Urom Oct.27)
2,89209 1,140.185
78,488
1K14-6. total
$18,288,524
$0.97Z,021
$344,488
&
A
A
New
J.
N.
York.
July
1953
1926
Sept., 1905-10
May
Phila., Fidelity Trust.
S.
1,
1.
C'arges
A rental,
$5.2-10.190
$6,314,86
411.358
$5,728,138
5
8,521,983
5,674,426
7,650,445
5,2*1,000
500,000
600,000
300,000
2,800,000
800,000
425,000
300.000
750,000
2,469,000
A
MAS
J.
£699.886
4
£469.459 6for'03-4
4**
£1,150,000
£400,000
5
Moh. 31, 1918
Sept. 15, 1950
Sept. 15, 1950
1950
Jan. 1, 1984
J.
15
JAD 15
liflln'OO M. A S.
5 g. J. A D.
4 g M. A S.
5 g. J. A J.
4g. J. A J,
413& 6 J. A J.
A. A O.
J.10AJ.
41*
J. A J.
3»a g. A. A O.
5 g. M. & S.
4g- A. A O.
London.
4ii for 1903-4.
London.
N. Y. office, 25 Broad St. Mar. l.'OO.m
N. Y., Mercantile Tr. Co. June 1, 1938
Mch. 1, 1951
N.Y., Guaranty Tr. Co. July 1, 1939
N. Y., Sec & Trust Co. Jan. 1, 19S1
Phila., Fidelity Tr. Co.
July 1, 1927
N.Y., Erie RR.
Jan. 1, 1909
N. Y., Farm. L. A Tr. Co July 10, 1907
Phila., Bread St. Sta.
July 1, 1907
do
do
Apr. 1, 1930
N. Y., Bankers' Tr. Co Sept. 1, 1924
N. Y., Central Tr. Co.
Apr. 1, 1990
W. Young, Wm. A. Read, Cornelius Vanderbilt, New York
Bryan. N.J., and Gardiner M. Lane, Boston.
President August Belmont; Vice President, E P. Bryan; Secretary,
H. M. Fisher; Treasurer, D W. MoWilliams. Offices, 5 Park Row
Building, Western Union Building and 23 Nassau St., New York.— tV.
SO, p. 2399 2453 2621; V. 81, p. 155 211.)
International
Great Northern ItR. (See Map Missouri Pacific) .— Longvlew on Tex.A Pao. (near Shreveport, La.,) southwesterly
to Houston and Galveston, also to Laredo, Tex., on Mex. National RR.
»nd from Spring northerly to Ft. Worth; total Jane, '04, 1,159 miles,
Peirce, Geo.
Oth. inc.
Gross.
enrnvngs.
J.
M.
4g. M.
£10 £1,700,000
£10 £1,000.000
£400,000
£50 Ac.
now
9 mos.
ending x^r. 8'—
5g.
4»og.
Dividend.
MAN.
Charges.
I tividettds.
Surplus.
$9*52X2
1906
$2 5J7
$ 28.i"9< (V;j)$ltK>.< 00
$17 277
SO.OiiO
8<8,65
4.-02
1904
2,004
140.418 ( %)
Earnings.- Fiscal year
ends Deo. >1. Report for 6 mos.
ending Dec. 31. 1904, was in V. 80, p. 1 363, showing: Gr >ss earn! «rs,
Net,
$i4l.463
188,«88
Gross.
Whom.
Payable
Cent.
100 35,000,000 See text. Q.-J.
July 3, '05. 2%
1905
10,000,000
New York.
4g.
May 1, 1908
1879 500 &0. 11,291,000
6 g. M. A N. N. Y., offloe, 195 B'way. Nov. 1, 1919
M. A S.
1881 500 Ac. 10,391,000
do
do
Sept. 1, 1909
M. A 8.
See remarks.
1892 500 Ac
2,966,052
Sept. 1, 1921
198,000
M. A N. N.Y., offloe, 195 B'way. May 1, 1920
1880
1,000
Earnings.— For 6 mos. ending June 30 (party eitimated):
months.
bonds— iTlnclINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
1903 $1,000 Inl.C treas.
$940,000
1886
1,000
500,000
1904
5,000
.
,
[Vol. Lxxii.
Bilance,
surplus.
$1,67,290
$763 50
8s7,S20
$l,58",87fl
Directors.— Alfred Skltt, Morton F. Plant, August Belmont. Andrew
Freed man, James Jourdan, James H. Hyde, W. G. Oakman, John
E. P.
&
viz.:
—
Lines owned
Miles.
Joint trackage—
Mile*.
Longvlew, Tex., to Laredo,
494 Galveston Houston A Hen.
Palestine to Houston, Tex
150
with M.K.4T)
50
(Jointly
Mi n col a, Columbia,
etc,
Other lines
26
branches
121 Houston Oak Lawn A MagFort Worth to Spring.
261
nolia Park Ry
10
Navasota to Madisonville
47
Organization.— Reorganized without foreclosure In 1892 under plan
in V. 54, p. 203. 366. Stock authorized Is $25,000,000; outstanding,
$9,755,000; par, $100; controlled In interest of Mo. Pao.
Bonds.—The second mortgage interest, soaled to 4 ^ per cent, until and
inoluding Sept. 1, 1897, is now 5 per cent; but In case of default the
rate reverts to 6 p. 0. as formerly. V. 73, p. 445.
On Mar. 31, 1904,
car trust notes and bonds, $731,203
Earnings.— Calendar year 1904, gross, $5,802,221. Jan. 1 to July 7,
gross, *2.894,*-79 in 19»t5; in 1904, $2,488,142.
Report for the
year ending Deo. 31 was in V. 78, p. 1165.
tear.
Gross.
Net.
Other inc.
Balance.
Charges.
1903
$5,887,128 $1,437,681
$7,957 $*1,443 057 sur. $2,581
1902
5,248,913
1,383,988
10,092 *1,379,569 sur. 14,611
* Charges In 1903 above Include about $95,802 for new equipment;
n 1902. $101,471 (V. 78, p. 48, 229,287, 989, 1109, 1 165.)
Interoceanic Ry. of Mexico, Llm.—See page 463.
Iowa Central Ity.— (See Map)— Operates Peoria, 111., west to Oskaloosa, la., thenoe northerly to Albert Lea, Minn., forming a through
line via Minn. A St. Louis RR. from Peoria, 111., to St. Paul, Minn.
Owns—
Miles.
Leases— (stock owned.)
Miles.
Iowa Juno., m., to Manly Jo.,
la. O. A W., Belmond to Algona. 37
Iowa
363 Track, Iowa J unct'n to Peoria. 3
Branches to Belmond, eto
127 Manly Jot., la to Albert Lea,
Minn, (owned Jointly)
28
Total in earnings July 1, 1904
558
HiBTORT.— Reorganization (by plan in V. 44, p. 653) of the Central,
fowa sold in foreclosure In 1887-88. In June, 1900, Minneapolis A St
Louis Interests obtained control through purchase of the common stock;
the two properties are operated in close connection. V. 70, p. 1249.
Capital Stock.—The preferred is entitled to 5 per cent (non-oumulati ve), then common to 5, then both share pro rata.
(V. 62, p. 548.)
Dividends.—On pref. in 1892 1 p. c; 1899, 3; 1900 l 1*; none sinoe.
Bonds. -The refunding 4s of 1901 are scoured by a mortgage on the
entire property now owned or hereafter acquired, subject to the $7,650,000 first 5s, for which an equal amount Is reserved. The balance
are Issuable for future extensions at not exceeding $26,000 per mile,
Improvements and equipment. V. 73, p. 899. Loans and bills payI
I
able June 30, 1904, $1,650,000.
Earnings.— 11 mos., ) 1904 5
Gross, $2 361,371; net, $399,010
$1903-4
Gross, 2,178,078; net, 389,685
Annual Report.— Report for 1903-04 was in V.79, p. 2201. Soft coal
tonnage In year 1903-04 was 769.632 (42 p. 0. of total tonnage).
19<>2.
rear ending June 30.
1904.
1903.
1901.
Miles oper. June 30
558
558
558
506
jtross earnings
$2,377,105 $2,405,543 $2,543,350 $2,284,123
Set earnings (over taxes)
425,135
438.553
437,549
387,514
560,607
555.968
fot. net reo'ts (inol. rents)
506,929
438,757
504.'tl4
554,324
431.709
Interest, rentals, Ac
641 ,739
Balanoe, surplus.
def.«8l,132
$1,644
$2,915
$7,049
July 1 to
May
31.
.
Pres't (July, 1904),
Edwin Hawley.— (V.
79, p.
2201
;
V. 80, p. 472.)
A Ashland Hrldge Co.— V. 81 p. 155.
Jacksonville Terminal Ry.— Owns union passenger depot
1
1..
11
1
011
opened Feb. 1, 1895,] and terminal properties at Jackson20 miles of track, used by Atlantic Coast Line
RR., Seaboard Air Line, Jacksonville St. Augustine A Indian River
(now Florida East Coast Ry.) and Soutl ern Ry. whioh companies guarantee by endorsement the prinoipal and Interest of above bonds, and
own the entire stock. Georgia Southern A Florida Ry. also uses depot.
V. 71, p. 135. For year 1903-04, gross, $141,413; net, $12,286; other
[the latter
ville,
Fla., including
lnoome,$31,863; deductions, $31,868.
(V. 71, p. 135.)
Jhiik-nIii tin Chautauqua A Lake Erie Ry.— Jamestown,
to Westtield, 31 miles; branches, 6 miles; trackage, 1 mile; total, 38
miles. Incorporated in Sept., 1900, and purchased the stock and about
95 per cent of the $250,000 bonds (5s) of the Jamestown A Chautauqua Ry. and entire stock of Chautauqua Stearrboat Co., operating
11 steamers on (Thautauqua Lake. Stock, $600,000, all common.
Year ending June 30, 1904. were: gross, $87,090; net, $9,749; other
Income, $85; charges, $33,893; baL, def., $24,059. Pros., F.
Chase.
L
-(V.76,
p. 212.)
July,
1905.]
RAILWAY STOCKS AND BONDS.
359
MAP OF THE
INTER BOROUGH
RAPID TRANSIT CO.
SUBWAY Shown
MANHATTAN ELEVATEDi
8dtf,
Pari.
/
RAILWAY STOCKS AND BONDS.
360
S
Little Palls
>yalton
\v,
YRice's
„Sauk Con. PL,
/£•
^^^__^
;
>
.
jBear Cr*
/
JS5
„|
^%
-r,
TXtr„
yo
\
i
-**%,
OT._
Sj
'frTrripi
\Tflylnrg Falls .*£
oal el
.//Turtle Lake \
?„
5?
<W
°>W y
WHlniar
^
\
MAP OF THE
IOWA CENTRAL
#
BloomerV
_wis.
3a
Hutchinson Cr-—^ir^>
e
SAUCT
i
°^§*P cck T
Paynes v)
K
X Chicago Jc.
y
ffSauk
\
-t^Xv
>t£"
k
,
\
r
St.Cloud>)\V«U>i<ls
S ^~~~~-,^!*
.
^C'. jB^^^f"^
K
<£sheiiLake
""^
>5^ma^ ° r7?
Muaca
/^
)§
t
,
/L- „
_•/
[Vol. lxxxi.
<\
.$>
RAILWAY & CONNECTIONS.
%^
°cr
Qlencogao—x?
Stil es Jc.
M.
C.
Ocon
Fariniugtoii
i[
Clintonville
I?
Sandolpm
XortliBe
fie"
JunctlonT^i_Btevens Pt.
>s.
i
St
\Fafla_
„
«,,
•
--•^
«/^-s^7^/7AIan kato
"^
Vf
l-
>f^A.
/
\
\s
\
NXjBTHWfoODl
^^*-^^CampXDouglas
Pon
pm":
V|XLa Cross
1
V
Si/r
Brandon!
z
/IrVLac
iPortage
<f
Baraboo^
\Blchland Cen.
Vs.
//W
,
„
^Vf^
^ »"o\
Calmar
:^\^
ST
<.m<iS^\\ \\ -\
Vxorwi-*'
(Itiffunl
X\
El.-oy^
i/lroqua
AVaukon
^lgonaL^I
I
Princeton
>
.*.
La CrescentnL
Cj
it
/
'
\ \ *V*
\
//
'
Ne«v Lisbon
^—
\Eenova
/
V^^Cp
w.
\>Chatfield
ai\li.y\jc.
w
\
-
:
SYTT":
s
& ^3r7 ^V----—Sl^-~^y
Preston
BE RT LEfc^-I^UnV^ \
r4Ai-
•illef
\
Ft ttmk
(Howard
I
tnashi
—*|Dodge ^
Cen
(Jc^nV
Vasec-a
^
&V
^
>
l«i
JayfieldQ
||\
\
Wabasha
m-
,
p
;"-*
Vies.
-^ew Hampton
/p
VaukeslmJ
Sumner
ELIVIOND??!
Kylf,
\^^
\
T.nfiiiitit^B^i
\/pelw>ln
Wetv&fs
\ \*I'onda \"i
^n^V^jElkhorn/
Iowa
^__.^\Vv
Fall>v-^-^-r<&sz
xir
.
l
-
BeloltV
KocktonJ
^ufeS^
A NEWVgiL^,
^<i
,!uthrie
.
1
Atlantic
x^\\Tipton
%VaukTe
C^
atq*to
J*^ ^^aJ^U^l/^i^lV^
/
°k[
'Afton
^>-^
6
X^^ ^^
'~7a%^.*
&
c.
.
Charltotr^ p
e
Mt.FleiLntr
-
o.V
«.
Jiluon
MORAVIAWf'
sheJ___ /
>
^
Bkirlingforf
Dallas
1
Grant CI
MazonVjrVX
\
ill
w 7M
on.
BushncTjT?^-*
\
»v?g
Carthage^ Lewlstowi^
xjCTavana/\
Vermont
Mcdlij
JConceptio
yCDavUr.gwn
^Ql ,iltto i^bin J.
—yoault
)
I*
^
V-^0-_U_ii !( M a n d
Kirk<vill^i
Rushvllle6
*
lncolirH
fClilllicollie
B
WAB.
^^liilMacoVei
V^aihron--
r
i
_
_A-rr-
1
^i
-^ ^y-^
/\
%\9,
Pittsfleldr
lexlco
\
N^
J
W
Ucn)ej\V
> /\
/
\
Mattt
/
„./_ *V
r/ PanftjD
—
/
v
\/
^
cr"
i^Co
;"»pV^
Tipton
y^~y^
Ramripy'twKffi ngham
tfto/X
^^-*
M
B/r K_5__.
\/^ boro
YSmltl
Mi»a-
*>
Glhiioie
St.Charlg
Olnoy
BT.LOUI«OHlO_
JEFFERSON
/Versailles
4,
-.liLltclltield
Newtor
Warrenton^
I
«.-/\
Wandal
^t^o Columbia
Sedaila^C^ mo.
[_^_^ /
\
/O
**SS5
'/
flylorVA/
I
I
\ .^^^
ALT.
-^^O-f-ington
1L
°
^°"^CwAB 1Icrv r^
Virdeny
°U-iW( Whitehall K
T
Loulslana>3^/>T
l\
J
(
Bowling Greei^/
"Ijlasgow/cTaTk
^\
ssfi
Hapftmaf^^
—rf^-MWjV
ITT^
Monroe City^^
L^xbwgton Jc^V^^^^Canolltpn
GUbsan
L
'o
I
elede
''VXy
LBcardsjj
town
Clayton
\V.Qulncyct*u}uincy
iLa Plata
L-
I
.
j^
/^^Tih\njK*j
[ L-
CallatlnV^**
T?>^-ji
I
;-V^^ s
K£0.
*7
U 4TwX
Blirea\iyj
L,ureai71
^v"
/
78
Claiiifda -./ r >It.Ayr
llian y Jfe
-
JA;.
Clarlnda/9c.
7
/yAuroi
^^
Aniboy
DES M°
Creston\^B
~
Jtl~-J\Dixon.
^
arlvilleV
U
HO.
\5 6^elle
9
n
\Vinterset
r
§\
Polo
\c)inton)J/liFiilton
JVnfVi*
|
-J^ uokcta\lfeaTannlr
^NiitCedar Pajun?
j^Lv\»
'">g
\
Sdejcford
"silOrlvfciTYb
CITY^^^^^^-
Centmlia
tlluvUle
\
A
\\
July, 1905.
J
RAILWAY STOCKS AND BONDS.
361
RAILWAY STOCKS AND BONDS.
362
RAILROADS.
Miles Date Size, or
For explanation of column headings,
on first page of tables.
Ac., see notes
of
Par
of
1886 $1,000
1885
1,000
1877
500
M
,
,
,
series
A
(c)
....
$75,000, held alive In sinkln
if
fund
.,
RR,-
Owns Lanesboro, Pa., to Carbondale, Pa., 37
Jefferson
miles double track; branch, Hawley, Pa., to Honesdale, Pa., 8
miles. Leased in perpetuity to the Erie RR. Co. for $140,000 per
annum for main line and $14,940 for branch. Used by Delaware A Hud
son to reach Carbondale. Stook, $2,095,450; all owned by Erie RR.
Northern Indiana
Owns Joliet, 111., to Lakr
.Toilet
Station, Ind., 45 miles. Road opened In 1854 and leased to the Miohi
gan Central. BtO' k ($300,000), all owned by the Mlon. Cent., carries
dividends of 5 per oent per annum. (V. 76, p. 752).
Junction
(Philadelphia).—Owns Belmont, Pa., to Cray's
Ferry, Pa., about 3 miles.
Leased Tor 50 years from March 1,
1899. to Phila. Bait. A Wash.; lessee to pay fixed oharges, keep road
in repair and pay bond Interest and 6 per oent on stock; bonds are also
endorsed with guaranty of Pennsylvania, Phila. Wilm. <te Bait, and
Philadelphia
Reading roads, uade prior to lease. Stock $450,000;
(par $50), now all held by Phila. Bait. A Wash, and the Pennsylvania,
V. 68, p. 428. -(V. 68, p. 428.)
Irilchlgan Ry.— (See Map Toledo & Ohio Oentral.)—
Owns Corning, O., to Gauley on the Ches. A Ohio, 177 miles, less 18
miles, Pomeroy to Galllpolis, and 1 mile, Athens to Armitage, where
Hook. Yal. Ry. tracks are used. Also owns branch of 11 miles leased
to Toledo A Ohio Central and Col. Sandusky A Hooking Ry. companies.
History, Etc.— Reorganization In April, 1890, of the Kanawha A
Ohio Railway sold in foreclosure. (V. 50, p. 451, 483.) In Oct., 1890,
a large Interest in the stook was acquired by the Toledo A Ohio Central,
which has guaranteed the bonds, principal and interest. (See V. 52, p.
165. 351.) Capital stock $10,000,000 ($1,000,000 In treasury July,
1904). The first mortgage bonds are limited only to $15,000 per mile
of road constructed. June 30, 1904, oar trust 5 p o. notes, $; 13 >,r 74
of which $1,3 6', 50 payable 1912; bal monthly; obligations <>n con
tract equip., $323,645; special equip and betterment loan, $1,095,000
Latest Earns.— 1 1 mos., ) 190* 5. .Gross, $1,613,297; net, $222,170
July 1 to May 31.
1.51-,2^4: net. 221,567
S 1903-4.. Gross,
Sarp. over 11 mos. charges, $10,703, agst. snr. $2 446 In 1903 4.
Annual Statement.— Report for year 1903 «,ln V.79, p. 1328. showing gross, $1,657,666; net, $306,419; other inc. $7,9«2; int., taxes, etc,
$256,023; balance, surp., $8,358— (V. 77, p. 1290; V.79, p.. 1328.)
Kansas City Belt Ry.— From Argentine to Valley of Blue River, 10
miles.
Stook authorized $2,500,000 (par, $100);
outstanding
owned one-half by Atchison Topeka
•550,000 (par, $100)
A Santa Fe and three-tenths by Kansas City Fort Scott A Memphis and two-tenths by Chicago Milwaukee A St. Paul. Double-tracked
and used for a terminal road at Kansas City, being leased for 99 years
from 1888 to O M. A 8t. Paul and Atchison Top. A S. Fe (Jointly with
other companies) for payment In each case of 3 p. o. per annum of
cost of property used with equal proportion of cost of conducting
transportation and maintenance according to wheelage. The mort
gage Is for $2,500,000. The Chicago Rock Island A Paolflo Ry.
contracted to use the facilities, on completion of Its road into
Kansas City in 1901. V. 78. p. 1446. For year ending June 30,
1904, gross, $405 870; net, $142,770; interest, taxes, etc, $173,713;
balance, def., $33,943.- (V. 'J 8, p 14 j 6.)
Kansas City Clinton
Springfield Ry.— Owns from Olathe,
Kan., to Ash Grove, Mo., 154 miles; Ravmote Jet. to Pleasant Hill,
Mo., 8 m.; Arcadia, Kan., to 8i>ringfeld, Mo 85 miles (acquired Sept.,
1901, from Kansa6 City Fort 8oott A Memphis RR.); total, 247 miles.
Stock, $1,775,400. Bonds were guaranteed by the K. C. Ft Scott A
RR.—
RR.
A
Kanawha A
,
;
A
.
Mem. RR.
K
A
(old co.) Under pun hase from
M., $2,000,000
C. Ft. 8.
of that companv, were assumed. For year ending
June 30, 1904, gross, $399,5 2; net, $136,311; other inoorae, $4sl; Interest, $283,660; bal., def.. $1 46,868.- (V. 73, p. 236, 723.)
six
p.
o.
bonds
4g. A.
J.
A.
S g
7 g. A.
-
6g. M.
7
7
5
6
5
5g.
6
5
4
5
4
6
g-
J.
M.
F.
M.
A.
A.
J.
M.
M.
A
4*2
F.
F.
F.
4
1,300,000
5,242.000
2,000,000
30,000,000
21.000.000
30,0o0,000
A.
g.
3g. A.
A J.
A O.
A O.
A N.
A O.
A D.
A S.
A A.
A N.
A O.
A O.
A J
A N.
A S.
x
A O.
A A,
A A
& A.
A O.
A
Bonds— Principal, When Dae
by Stocks— Last
Dividend.
Boston, Of., 50 State St.
Boston, Old Colony Tr.
do
St.
July
1,
1928
Oct.
1,
1986
1,
1908
1910
1922
1928
1927
1929
1909
Boston, Old Colony Tr. June
do
do
Sept. 1,
Aug.
A
May
N. Y., Merc. Tr.
Bost.
Boston, Old Colony Tr
N.Y.,Mer.Tr. Co. A Bos.
Boston, Old Col. Tr. Co
do
do
do
do
do
1916
May
N.Y., MeroantlleTr. Co.
do
do
1,
Oct. 1, 1925
Oct., 1907
do
Louis, Mo.
Oct.
Oct.
July
do
do
do
do
do
1,
1,
1,
1,
1,
May-Nov.l '10
Mch. 1, 1934
Moh. 1, 1934
Oct. 1, 1922
Aug.
1, 1905
1915
N. Y., Am. Ex. Nat. Bk Feb. 1, 1951
N.Y.,U.8.AM.T.20Broad Apr. 1, 1953
O. Treas.
off.,
120 B'dway. Apr.
1,
1950
8.
x All exoept $393,280 are fixed-Interest bonds; coupo ns MA 8. V.
* Also covers majority of stock of Kan. City M. A Blrm a
285 miles,
&
6
1879 100 Ac
2,103,000
1884
1,000
492,000
1882
39O.0O0
1,000
1888
1,000 yl3,736,000
1887
1,000
1,606,000
1889
1,000 b3,000,000
1899
1.000
133,000
1900
530.000
1,000
1894 500 Ao.
3,323.390
1894 500 Ac. x6.322.780
1902
1,000
1,000,000
1890
1,000
c 1 89.000
Whom.
Payable
Cent.
17,810,000
1901 l.OOO&c
Kan. Oity Mex. dk Orient—1st M., g., see text
1901
1,000
Kan. Oity niter Belt dk Elen. -1st M., $3,000,000, g
7 1903
1,000
Kansas Oity Southern—Stook, com., $30,000,000
Pref. stock, 4 per cent, non-oum., $21,000,000...
o*<fer
1900 l.OOOAc
1st mortgage, gold. $30.000.0u0.lTle
Kansas Oity St. Joseph, dk Council Bluffs. —See Chic. Burl. A Qui NCY.
Includes (b) $169,000.
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
$2,250,000
3,192,000
58,000
2,000,000
1,000
.
Equipment notes
Outstanding
Road. Bonds Value.
Ktn. O. Belt—1st ($534,000 gu. K.C.F.8.AM.).NB.c
10
Ktn. Oity Olin. dk Spring.— 1st M., g., guar.NB .0
162
Pleasant HU1 A De Soto 1st mortgage, gold.NB
34
K.
Ft. 8. A Mem RR. 1st M., g., assumed. MB
85
Kansas City F"»rt Scott A Memphis By.—
Ref. M. $t>0,000,000, g., gn.p.A l.end.x.
e.o'&r.. *787
Undek lying Bonds
K. C. F. 8. A Q. 1st M., I'd. gr.,8. f., dr'n at HO.o*
160
50
Memphis K. A Col. IstM
o*
**
26
Kansas & Missouri RR. 1st mortgage
NB..C 719
K. O. F. 8. A M. RR oon.M
82
m., guar. IV B
Cnrrent Rlv. RR 1st M., $20,000 p.
3
Kan. C.A M. R'y AB dgel8tM.g.,8.f.,dr natll0.o*
Ft. Scott Equip. Co 1st M., call at par
Ozark Equip. Co.lst M.,gu.,$l,000,000, call at par
K. C. Mem. & Blr gen.M.. $4,500,000, our. OB.cr 285
o'
285
Inc., non-oum. Part stamped — see text. OB.
16
Blrm. Belt let M., g., red. 102*3, gu.p.&l.end.OB
o*
Memphis Equipment Co., guar., red. at 110
....
,
Amount
[Vol. lxxxi.
1
Kansas City Fori Scott A ITIemphls Ry. (See Map of St.
Louis dk San Francisco Railroad Company .)— Operates road ex
tending from Kansas (Ity, Mo., to Memphis, Tenn., and branches,
871 miles, including traokage 85 miles from Arcadia to Springfield.
Mo., owned by K. »:. Clinton A Springfield Ry. (which see above). Also
has a controlling Interest in stook of the K. C. Mem. A Blrm. RR.,
owning line from Memphis, Tenn., to Birmingham, Ala with branch,
285 m., and of K ansas City A Memphis Ry A Bridge Co., owning bridge
across Mississippi River at Memphis, 3 miles. Total, 1,156 miles.
Organization.— Incorporated on June 14, 1901, and is vested with
the proper y of the former Kansas City Ft 8 A Mem. Railroad other
than the 85 miles from Arcadia to Springfield, sold to the Kansas City
Clinton A Springfield; also controls other mileage. V 72, p. 1237. 8ee
V. 72, p.4-8, 532, 675, 988. The 8t. Louis A San Francisoo RR. owns
the entire stock and leases the road, guaranteeing the bonds of 1901,
principal and Interest, and 4 p o. on preferred stock trust certificates.
,
Stock. - Common authorised, $46,000,000; outstanding, $15,000,000, all owned by St Louis A San Francisco RR The pref. stock,
($15,000,000 authorized, of which S13.510.00O Is outstanding, par
$100) Is deposited in escrow, and against it are issued trust certificates
of the St. L. A San F RR., the latter having the option to retire the certificates at any time at par, and obligating itself to pay oft the whole
Issue In 20 years from date (Oct.. 1901), meanwhile obligating Itself
to pay quarterly dlvs. of 1 p. o. thereon. See V 72, p. 1238
Bonds. - The refunding oonds ot 1901 (limltea to $60,ooo,000) are
to be secured by all property now owned, or hereafter acquired with
the proceeds of the refunding issue. Of the bonds, $1 1,650.000 were
subscribed for In June, 1901, about $31,025,770 were reserved for
•exchange against the face amount of underlying bonds, $3,000,000
7 4, p. 829.
y Inolud es $2,00 0,000 assumed by K.
a nd provides for retire ment of its bonds.
O CL ASp.
for refunding purposes, $5,000,000 for improvements, betterments
and new equipment at the cumulative rate or $600,000 per annum,
and the residue, as well as any bonds not used or required for refunding purposes, will be reserved for issue for additional lines and extensions, at not exoeedlng $22,500 perm, thereof As to guaranty on bonds
of 1901, see "organization" above. V. 75, p. 853. 8ee V. 79, p. 2756.
In 1902 the K. < '. Ft. Scott
Mem. Ry. guaranteed the interest on all
except $39^,780 of the $6,322,780 Kansas City Mem.
Blrm. income
bonds, beginning Mar. 1, the bonds so guaranteed being stamped with
a provision making them subject to call at any time within 10 years
from Sept. 1, 1902, at 95 and interest. V 74, p. 477, 577. Equipment
notes, $fr5,5IO fives, due quarterly, July 1, 1904, t Oct. 1, 1908.
Birmingham B'll bonds are guaranteed, prin. and int.. lolntly by
Kansas City Memphis A Blrm. and St. L A San Fran. V. 75 p. 1147.
Report.—The earnings, including 247 miles of K. C. Clin.
Springfield Ry., were (later earnings are included with those of St. L AS. F.):
Bat., stir.
'harges.
Year—
Gross.
Net.
Oth. Inc.
A
A
A
1900-01... $8,840,857
$3,427,913 $77,087 $2,o54,983 $1,450,017
From surplus as above were paid in 1900-01 dlv. on Kan. C. Ft. S
A Mem pref. (8 p. a), $219,984; dlv. on common (4 p c.), $395,920
Int on K. O
A B. Incomes (5 p.C), $316,863; charged Off. 63,032
leaving final surplus of $454.218.— (V. 80, p. 2621; V 81, p 264 )
M
Kansas Oit IHempbts A Birmingham RR.—See Kansas
A Memphis Ry. above— (V. 75, p. 1147.)
Kansas City Mexico A Orient R K. —(See. Map.)— Proleoted
City Fort Scott
to extend from Kansas ('lty, Mo., to T>polobampo Bay, Mexico, on the
Pacific coast, 1,629 miles; also a cut-off from San Angelo to Spofford
Junction, Tex , connecting there with Mexioan lines for City of Mexico.
In October, 1904, one-half of the line was gr«ded and several
sections were completed and in operation. This includes 132 miles
from Wichita, Kan , to a point below Falrview, Okla.
rack-laying is
in progress from Sweetwater, Tex , north coward the Red River, and
is praotloally done been Sweetwater and Falrview.
Conthe grading
I
siderable grade work has been done between Sweetwater and San
Angelo, Tex. (22 miles being opened in July, 1905), and between
Wichita, and Emporia, Kan. Work will be pushed north from Wichita
toward Kansas City.
In Mexico a section of 65 miles from the Pacific teruilnu- eastward
has been finished and put In cperation and the urn ling begun on the
text section A traokage agreement has been made with ti eOhihuahua
A Pact for use of its Hue of 125 miles from hi huahua westward.
(See V 71, p 1X1; V. 75. p. 1253). The work of building from both
ends of that line is In progress, the grade having been carried from
Mtnaoa westward through the mountains about 40 nlles From
Chihuahua eastward the road is completed and operated to LaTranoas,
36 miles, and grade work is progressing toward the Rio Orande. On
Jan. 1, 19< 6. about i.OOO miles are expected to be In operation, inmi the Pacific Coast division and the line from Kansas City to
The comSweetwater, Texas, about 638 miles. V. 80 p 87
pany has Its own coastwise service from Topolobampo, and the
Co. has contracted to eatabii-h a trans-Pacific
Hamburg-Amer'can SS.
liberal subline as soon as the railroad Is completed. (V. 77, p 401)
sidies have been granted by th* Fe< eral and State governments in
M- xico See prospectus. V. 75, p 1253
The Kansas City Outer Belt A Electric RR. (see that oompany below) will, when completed, afford terminal facilities and an entranoe
into Kansas City. V. 76, p. 331; V. 80, p. 871.
Securities.— Stook authorized, $20,000 per mile each In common
and non-cumulative 4 per cent preferred stock; outstanding April
fl
!•] ii
<
.
1
Stock Is held in a
1905, prer., $i,'23<!,400; common, $2,999, 00.
voting trust for 10 years or more. Bonds (U. S. A Mex can Trust Co.,
trustee) are Issuable at $22,500 per mile, single main traok. $15,000
per mile of yard and terminal track, and $12,« 00 per mile of double
track, constructed or acquired; also, $2,500.00 > lor extra work In
Sierra Madre Mountains, $5,000,000 for terminal facilities at Kansas
CI' y or Topolobampo, or both. nd $10,000,000 for future requirements and additional rolling stock at not over $1.000 000 yearly.beglnntng Feb. i,190«. V. 78, p. 102. Mexico A Orient Townsite Co.
bonds, V. 78, p 1109,1113.
•
OPificKRS.— President, A. B. Stllwell: Vice Pre*.. Knrique O. Creel; W. W.
Sylvester; Geo. < rocner and J. rt. tfraithwaite; Viee-Pres mid Gen Mijr.. EdA. Rule. A monK the diWBrd oiokmson [secretary. Neal S. Doran; Treas..
rectors are Ge rae J. Gould. J. T. Odell, rtussell Harding, VT. C. Procter and
w
Rohert O
Dowry
-(V. 79
p. 151.
2456;
V
80, p. 871.)
City North western RR.— Entire stook, $4,016,000
(par «100), and $2,983,500 "B" bonds were purchased In Nov., 1900,
by Mo. Pac. Ry which see; also Supp. of Jan.. 1903.
Kansas City Okmulgee A Golf RR.— V. 81, p. 211.
Kansas
,
|<: .< hi.
RR.—This
road at Kansas ity, the main
No.
line, double track, being 7 miles In length, extending from
Kansas Cliy to the Kaw Valley on the west, with bridge Hcross the
Will afford
Missouri River To be completed about January. 1906
an entrance into Kansas City for the Kansas Citj Mexico A Ot lent Ry.,
and connect with the various steam roads entering that city. Arrangements are also proposed with certatn projected suburban electric
Incorporated In 1902 by interests friendly to Kansas City
roads.
Mexico A Orient Ry. V.75,p.l84; V.76,p331; V 80. y. 871.
Securities.- Stock authorized, $2,500,000 common and $2,250 000
4 per cent preferred. The stock will be held In a voting trust of ten
Kmiihhs Cwy Outer Belt
company Is constructing a belt
Oleum) &
line
<
.
July,
s
,
,
RAILWAY STOCKS AND BONDS.
1905.]
363
-«.•
t%
MAP OF THE
Merrillar.
KANSAS CITY SOUTHERN
nW
C
SC
I
\ ^^
La Crosse
RAILWAY.
0/ IV
Camp Douglas
\
S.
Fond
du!
Lac
'ortag<
LaFarge^
m
^\ 'UT~RoVk£ord
OP aven P°5
Scribner
t
Iowa Citvy
Genoa
3reele
;Rock Island
JUuscatiJe/
iou.nci I/Bluffs
/Ottumwa
Qrand Island
Shenandoah_/2-
LincolnC
Hastings
i
jv^
x
/j^'
1
Jacks onville/ o.^:
'
\^^S Til
s-Roodhouse, 7K
,V,
iarrollton
\^ \
Is
Quin
>fSt^^o- Vy^Moberly
\"k
Beloit
Miltonvale
»
/\
7
/
^ CH
upaign;
VP
r\
'-^Chillieoth e
'y
ACuba<
31yde
Stockton
——
^
//
,
HankotaX
(BloomingUji
Okuk
.
rFairbury\
S«Pe^
f^JPeoria'
UMadison /fisr/^fiM
Burlington Jc.
toi^in^/rjarUiigton
.Jrksvillel
''Trenton /*_/K;
?/ ^vav ^ 75/^PattonsbUi'g/
sW^.
Beatrice
Amboyl
lurlingtorj
Seymoui <*>-S~
„
.S^RINGFIELr,
LouisiaVai
j^rre.Haui^^T
5
Leaven^ortfi^C^fe^l/^r--^^^^^^
i,
Manhattan
!
titchfield;
/Clark
_ Abilene^s^*
Salma> ^sia£Z&
RAND
\TOPEKA\
Ef^iniba:
o
V
<x/|fyVi
>«*<5S&
MO Vl5edalia
°f%€ L
incenri
-p^C-
EFFERSON 0Y.
Amstercmn >^
Amoret ^^Clinton
Worlan
**E
Pacific^
Versailles
it.Veii
-Horton
RichlantL
1
o
Osceola
Bismarckf
J
Knfvetob>
Astjury
Deltrft
Cairo
Hennessey
r-ttK
1
teelmdnt^
yFultonl
hNo-el-T'-^-EuregJs^Ji
SULRhl/R SPRINGS
Knobel
iBivesi^iMartnJ
GAVETTE
•
Decatur
Ho^ey^ l^ragcW
Gentry.
*%*
si\\
/'McEeYe
'FT.SMITH
.
/^*
I
^S^w ^^\
SP r
^
>IlQGranniss
~_
\
Morris FfrryH
'->g'int[irop tt
*
Trilby
1^J$
Troupe)/
&-
PalestineX
E
iTupefo
JW
*v^y\
m ^i
r/
/
I
«
Cornie 6
\
a
<
\
k
\.
/Greqnwood
Kosciusko
/
I
/
J3.
Blaj
»£^£l
Frie
?
\ALufkmY
r
EV^PORTlJo^l^UtS^^Vicksbu^
o°
o
»MU1
55
\
c
Zwol
Natchez
I Florien ^S^fAlexandria
\
<flOE«UINCEY
V
;j
Hattiesburgi
I
/f\>v
^
BATON RO.UGE
\\ M
BEAUlloimfl
VWfst /ake
W
I
?%jLA_KE CHARLES.
1AHLES
.
^
^MpgjjJ.
IWederland
*°l/.
La Fayelte^
<fr
Mperirjjjntal
Farm
^ORTfARTHUR
c?
Meridian/
ILeesville'
\
/
Jackson
IHORIMBECK
I
Cordovji;
IRy.
^JEest-l'oir,^
L_o
$
\ Kinist
mansfje'ld^
.
Coahoi 1a
.A'iviani
ZT\
/*
*
f
Greenville
Bloomt/nrgB
BigSandpxTZT
Tyi«^W*
^^ F
*s
-.
r—-^ KodessattT/
.,
Corinth p^
New ^Ibany^
^•x
!
—D rap er
T/^\/X /
'^ <I
Arkansas Cjty
wTWioNB^V^VHope \VaC^v^ 'Warden'
^PAcr~^!hd^^n »r/ \
°Oi^.
^~^^ /
Springs
^n wA.iTE^LiFlce
>^ ii^—
-V
TT
J/W.
rV ?"»e Bluff
uDequeen
HORAhoR
,
P
„. ,N-*c*>
Z^Gillham
i^"
ft
'° Middletof
flly
Hot'
SEE
(Perrjfvllle
KnoV
hi.
Q»Thoiuasville
_
/
g!f
/y'Mer
lister (pul Houston
mma#
/Atoka
Bald
C.
POTEAuQl
McAleste^""^
/
Tusl4h 9
s/r/E yN NIE S
Jackson^;
Ne^yipc/rt \
SPIROV
^J-r
Simpsdn Shady Pointl
"•"
^^
Dicks;
PMil
-.^Mie°
d/eDpuucn
lane
t.Wprth\\//\
'
\Doniphan
SILOAlvKsPRINGS
llle^>fit p
Wesi^llle^stPaul
\
Y.
d^clh^\
WimarnsvUleN
S el igma n
s
,
\^P
A
Chadwick
Anderson
NAGA.N
.
°
T7e^sh|>
Goodmab
^^UClarejnoreV/Y
pDekoven
Norfpnville
SPRINGFIELD
OPLIN
<
Shawr^eetownyTlepderson
%..
£
-^
'
i
Akron
.
RAILWAY STOCKS ARD BONDS
364
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
&o., see notes
A Gulf Term' I—1st M., red. 105
City Suburban Belt— See Kansas City South
Ken. A I. Br. A RR.-K.& I. B. 1st M., g., assumed..
1st consol. mortgage, $2,500,000, gold
S.o*
Keokuk A Des Moines— Preferred stook, 8 per cent
1st mortgage, interest guar. O. R. I. & P
o*
o
Keokuk A Hamilton Bridge—! st mortgage
Kewaunee Green Bay A Western— 1st mortgage.F.o
Size, or
1897
ERN
$500
R T.
...
162
162
113
Kingston A Pembroke—1st M. gold
Knoxville A Ohio— See Southern Rt.
Lake Erie A Detroit Rivet See Pbre Marquette RR.
Lake Erie & Western—Com. stook, $20,000 p. m. 725
725
Pref stock, 6 per cent (not cum.) ($20,000 p. m.)
Ce o* 725
1st mortgage, ($10,000 per mile) gold
2d mort., for $3,625,000 ($5,000 p. m.) gold.Ce.o 725
Lake Shore & Michigan Southern Stock
. ...
Guar. 10 per cent stock (Mich. So. & No. Ind.)
e*&r 1,000
1st mortgage, $50,000,000, gold. Us
o*&r
....
Debentures, $50,000,000, gold.G
55
Detroit Monroe & Toledo 1st mortgage, guar., -c
37
Kalamazo & White Pigeon 1st mort.. guar.Un..c
41
Bat. Cr. & Stur. 1st M.,g.,guar. p.& Usee M.Cen.)
36
Sturgis Goshen & St. L. 1st mort., g., p. A 1. guar.
58
Kal. Allegan <fe Gr. Rapids stock, rental guar
c
58
1st mortgage, guaranteed.
Toledo to Palmyra
26
Erie & Kalamazoo (Fsed) st'k,
Mahoning Ooal RR.—Stock.
47
Lake Shore System—
,
100
100
.
.
—
Un
Pref. stock, see text
1st M.,Youngs. to And., etc, guar. p.&i.(end).lTnc
L.bup.A Ishpem. Ry.— 1st M.,$ 1,200,000, g.,s.f.F.c
47
47
20
$150,000
1881 250 &o.
1900
1,000
100
1878 100 <feo.
1869
1,000
1891
1,000
1882
1,000
—
—
Amount
of
of
Par
Road. Bonds Value. Outstanding
Kan. City Shrevep.
Kan
Date
1887
1891
1,000
1,000
100
100
1897 l.OOO&c
1903 L,000&0
1876
1,000
1890
1,000
1889
1,000
1889
100
1888
1,000
50
50
50
1884
1.000
1896
1,000
....
Lake Suverxor & Southeastern— 8ee Wisconsin Ce NTRAL
L.Tahoe Ry A Tr. Co.— lstM.,g.,$500,000 s.f.,beg. '05
16 1901
Bonds—Prlnc!INTEREST OR DIVIDENDS.
pal.WhenDne.
Rate per When Where Payable, and by Stocks— Last
Payable
Cent.
Whom.
Dividend.
F. & A.
120 Broadway, N. Y. Aug. 1, 1927
1,000,000
5 g
A g.
1,069,000
4
1,524,600 See text.
2,750,000
5
1,000,000
8
408,000
5
572,000
3 g.
-
until the full dividend shall have been paid on the preferred
for five consecutive years. See V. 76, p. 331. Of the $3,000,000 authorized 1st gold 4s (see table above) $2,000,000 have been sold; the entire
coat of construction and equipment was estimated at not over $2,000,000 in bonds, leaving balance for extensions and improvements.— (V.
75, p. 184; V. 76, p. 331; V. 80, p. 871, 2399.)
Kansas City Southern Ry.— (See Map.)— Operates a line extending from Kansas City, Mo., to Port Arthur, Tex., (thence by its
Ship canal 7 miles to deep water on the Gulf of Mexico), with branches
and extensive terminals used by various roads entering Kansas City.
Miles.
Lines owned—
Mxtes.
Lines owned
Kansas City, Mo., to Belt Jot.. 12 Branches to Fort Smith, De
Q.ilncy, La., eto
51
Grand View, Mo., to Port ArTrackage—To Gr'd View, o. 11
thur, Tex
765
—
|
I
M
|
839
TotaL
Organization.—A reorganization of Kansas City Pitts. * Gulf RR.,
foreclosed in 1900 per plan V. 69, p. 1012, 1062. V. 73. p. 1356; V.
As to control, see V. 80, p. 997.
The voting trust having expired April 1, 1905, a new management
was elected In May, 1905. Extensions are to be built, including one
V. 80,
to New Orleans, and considerable spent In improvements.
74. p. 94.
1971.
Seccrities. -Of the amounts shown as outstanding In the table
above there were in the treasury on June 30, 1904, $1,499,725 common
stock and $622,6 5 preferred stock.
Latest Earninos.— 11 ) 1904-5. Gross, $6,091,412; net, $1. 682.592
mos., July lto May31. \ 1903 4. Gross, ^.935.446, net, 1,664,797
For 9 months ending Mar. 31, 1905. net. $1,451,809; other income.
$77,029; charges, $717,423; ioiprovm'ts. $2^6,105; bal.,sur., $585,310.
Statement covr ring operations from April 1, 1900 (termination of
receivership) to Dec. 31, 1901, was given at length in V. 80, p. 1370.
Report for year ending June 30, 1904, at length, in V 79, p. 2201
2211; see also editorial, p. 2252.
1901-02.
1903-04.
1902 03.
Gross earnings
$6,450,320 $6,010,458 $5,450,871
Operating expenses
3 616,126
4,519,179
4,358,809
p.
Net earnings
Total net income
$1,901,141 $1,651,649 $1,834,745
$1,976,794
1,731,452 $l,9f«0,120
128,850
151,416
150,254
821,263
899,989
899,985
83,673
73,528
27,681
Taxes
Interest on bonds
Miscellaneous
&
&
J.
J.
&
&
D. N.Y., Office 40 Wall St.
N. Y., 45 Broadway.
J.
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
J.
J.
J.
J.
Louisville.
S.
March, 1911
O. N. Y.,StandardTrust Co, Apr. 1, 1950
See text NY., Office, 71 B'dway. May 2, '04. H«
A. & O.
do
do
Oct. 1, 1928
A. & O. 55 Wm. St. As earned, April 1, 1899
-
5g. A.
300.000
Z N. Y. Central holds $45.v8v».200 of this.
members
A.
M.
11,840,000
11,840,000 3 in 1905
7,250,000
f g
3,625,000
5 gz49,466,500 8 in 1905
533,500
10
3iflg.
50,000,000
50,000,000
924,000
400,000
5
79,000
3 g.
322,000
3 g.
610,000
595
840,000
5
300,000
10
1,500,000 10 in '08
661,850
5
1,500,000
5
265,000
6g.
1,000
[Vol. lxxxi.
June
1921
1,
Jan. 1, 1912
N. Y. Offioe, Gr. Cen. Sta. Julyl5,'05,l%
N. Y., Chase Nat. Bank. Jan. 1, 1937
do
July
do
1,
1941
N. Y.,Grand Cent. Stat'n July 29, '05. 4
A.
do
do
Aug., 1905, 5%
D.
June 1, 1997
Coupons at Grand
S.
Sept. 1, 1928
A.
Cent. Sta'n, N. Y.
Aug. 1, 1906
Registered int'ston! Jan. 1, 1940
J.
3*s8byU. S.Trust/
D.
D.
N. Y., and on deben, by Gu. Tr. Co.
O.
J.
A. N. Y. , Lincoln Nat. Bank
A. N. Y., Gr'd Cent. Stat'n.
J. N. Y., Union Trust Co.
do
J.
J. N.Y., Farm. L.
& O
do
& Tr.Co.
San Fran. Mere
Tr. Co.
Deo. 1, 1989
Deo. 1, 1989
Apr., 1905
July 1, 1938
Aug.,1905, 5%
Aug. 1, '05, 3%
July,*05,2i«%
July 1, 1934
Jan. 1, 1926
Oct.
1931
1,
Kingston 6c Pembroke Ry.— Owns from Kingston, Ont., Can., to
Renfrew on the Can. Pac, 104 miles; branches. 9 miles Reorganized
in 1899 per plan V. 67, p. 274. Stock, $1,000,000 first pref. 5 p. 0.
non cum., $150,000 second pref. 3 p. o. and $2,500,000 common. The
Canadian Pao. will lease tbe road and owned on June 30, 1904, $1,130,100 pref. and $1,777,650 com. stock. V. 77, p. 636, 1221. First dlv. on
1st jpref., 1 p. o., paid April 2, '01; none since to May, '03. Year ending Dec. 31, "04, gross, $189,304; net, $26,621;
surplus, $9,461.— (V. 73, p. 1160.)
int.,
Kona 6c Kan Ry., Hawaii.— V. 75, p. 289;
Lake Erie
6c
$17,160; balance,
V. 76, p. 542.
"Western Railroad.— Road— Owns Sandusky,
O.,
to Peoila.Ill., 420 miles, and branch to Minster, 10 miles; Indianapolis
to Michigan City, 162 miles; Fort Wayne to Connersvllle and branch to
Rushville, 133 miles; total owned. 725 miles; leases Northern Ohio
RR., Akron to Delphos, 162 miles; total operated, 887 miles.
History, Etc.—Formed in 1887 after foreclosure of the Lake Erie
Western Railway. (See V. 50, p. 590.) In 1899, control passed to the
Vanderbilts, and on Jan. 1 1903, the Lake Shore & Miohigan Southern
owned $5,940,000 common and $5,930,000 pref. stock. V. 71, p. 1269.
Dividends J '91 '92 '93 to '98 '99 1900 '01 to '03. '04. 1905.
5 yearly
2
4 yearly 3
on pref.— \ 4 4%
3
In 1903 and 1904, Jan., 2 p. c; July, 1 p. c.
Bonds.— Abstract of first mortgage in V. 46, p. 45; of 2d mortgage in
V. 54, p. 444. Guarantees $2,500,000 5s Northern Ohio, whioh see.
Earnings.— For 6 mos. enoing June 30, (1905 partly estimated.)
6 7ttos.
Net.
Oth.inc. Charges.
Gross.
Div pref. Bal„ def.
1905
$2,277,854 $590,472 $2,757 $4-8,002 (1%)$1 18,400 $23,173
521
1601
2,325,228 581,578
463.699 (1%) 118,400
Annual Report. —Annual report for 1904 was in V. 80, p. 1232.
1904.
1903.
Tear end. Dec. 31.
1902.
$4,9n8,0'0 $5,218,728 $4,699,340
Gross earnings
Net (incl. other income)....
1,323,179
1,370,935
1,357,435
213,913
Deduct taxes
208,018
204,522
543,750
543,750
543,750
Interest on bonds
125,000
125,000
No. Ohio int. guar
125,000
Dividends on pref. stock
(3)355.200 (4)473,600 (4)473,600
&
,
Rentals
Additions and betterments
26.589
78,569
29,368
44,658
Balance, surplus
$11,289
$15,409
In 1902 distributed under items in operating expenses.
-tV. 79, p. 2744, 2747; V. 80, p. 1 232, 2458.)
1
1
$10,565
i
Balance, surplus.
$652,370
$916,334
$853,023
Directors.—' halrman, Hermann -lslcken; President, J. A. Edson;
Vloe-PreBident, H. R. Duval: ,1. W. Gates, of Chicago; James A. Blair,
Ernst Thalin mn, H. R. Duval, Samuel Unterrayor, John Grierson,
D. G. Boissevaln of Sew York; John J. Mitchell, of Chicago; H C.
Pierce and 8. W. Fordyoe if St. Louis; G. M. rate, Port Arthur, Tex
W. F. Harrity, Philadelphia, Ph.; Seoretary is R B. Sperry; Gen.Mgr.,
William Coughlin. Office. a 5 Broad St.. N. Y.— (V. 80, p. 2344, 2458.)
Kansas City Pittsburg 6c Gnlf RR,- See K. C. Southern Ry.
;
Kentucky
6c
Indiana Rrldge
6c
Railroad Co.— Owns
steel
oantllever 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.
Successor Jan. 31, 1900, to Kentucky & Indiana Bridge Co., sold
in foreclosure subject to the $1 ,000,000 first mortgage. The Southern
Ry., Bait. & Ohio Southwestern (B. & O.) and Chicago Indianapolis
& Louisville own the $75,000 capital stock, and pay monthly, in proportion to cars handled, any deficit in operations. Of the $2,500,000
first consol. 4s, $1,000,000 were reserved to retire the old 5s at ma
turity and $500,000 for improvements and betterments. V. 71. p. 492.
Earnings.— For year ending June 30, 1904, gross, $242,74 8; defender int. charges, etc, $194,657. President. W.!H. McDoel; Sec. and
Treas.. H. W. Heazlitt; Gen. Mgr., W. M. Mitchell.— (V. 71, p. 287, 342.)
;
Keokuk A De*
ITIoIiiph
Ry.—Owns
from Keokuk,
la., to
Des
Moines, la., 162 miles. Leased for 45 years from October 1, 1878, to
the Chioago Rock Island & Pacific Railway, the lessee to pay 25 per
oent of tbe 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 held by the lessee.
DrviD'DS.— > 1894. 1895. '96 to '98. ".)9. '00. '01. '02. '03. '04.
05.
**
1
On pf p. o. S 95 cts. 90 cts. None.
1
2
l^May.l'a
>a
Rental: In 1903-04, $137,500; in 1902-03, $156,574.— (V. 68, p. 772.)
Keokuk 6c Hamilton Rrldge Co.— Owns bridge across Mis)
lssippi Ri^er at Keokuk, la., for railroads and foot passengers. The
property was originally leased to four companies, but only two companies now use it. these being the Toledo Peoria <fe Western and the
Wabash Regarding guaranty see V. 59, p. 969. On Judgment of
1889 $203,000 has been collected; on Judgment of 1894. $142,000;
in Apr, 1901, $142,000 was awarded. V. 72, p. 821. Stock, $1,000,000; par, $100. Coupons are in default, but mortgage has never been
foreclosed, and part of overdue interest is paid as earnings permit.
Last coupon paid was second half of No. 43 (due Oct., 1890), in June, '05.
Earnings.— Year ending June 30, 1904, gross, $49,475; net, $32.866; other income, $13,915; int. on bonds, $40,000; taxes, $4,533;
bal.,sur.. $2,248. In 1902 3, gross, $39,968; net, $21,917. Pres., Andrew
Carnegie; Treas., Theodore Oilman, 55 William St., N.Y.— (V.72, p. 821 )
Keweenaw Central RR.—V. 80, p. 2219.
.
Lake Snore
6c
Michigan Southern Railway.— (See Map
N. T. Central )— Operates from Buffalo to Chioago with branches. The
main line (540 miles) includes 26 miles between Toledo and Palmyra,
Mich., under lease from the Erie & Kalamazoo.
Miles.
Leased, [Usee this Oo.]
Mites.
Road owned directly.
Buffalo, N. Y., to Chicago, 111.. 540 Kalamazoo A. & G. R
58
Franklin ......
Sundry branches
333 Jamestown
Mahoning Coal RR
Entire slock owned.
72
Text.
26 Erie & Kalamazoo (26 m.)
Detroit & Chicago
55 Detroit Hillsdale & 8. W...D
65
Detroit Monroe & Toledo
Kalamazoo & White Pigeon... 37 Fort Wayne <fc Jaokson
98
it
61
Northern Central Michigan
Sturgis G. A St. L
36
5
Central Trunk
M
&
Elkhart
&
Western
11
Grand tot. oper. Jan. 1, '04. 1,454
Total of above
1,110
Of the main line 554 miles has double track. By control of " Nlokel
Plate" the Lake Shore has still another line from Buffalo to Chicago.
Operates Dunkirk Allegheny Valley & Pittsburg, Dunkirk, N. Y., to
Titusville, Pa., 91 miles, since Oct. 1, 1901, for aocount of New York
Central — (V. 73, p 663) With the Miohigan Central operates the Detroit Toledo & Milwaukee RR., Allegan to Dundee, Mloh., 133 miles.
V 74 p. 379; V. 76, p. 1026
Tne Lake Shore and the Michigan Central are building a connecting
line from a point outside of Chicago to Danville, 111., 100 miles, at a
connection with the Big Four, to be completed in the fall f 1905. It
is known, it is understood, as the Indiana Harbor RR. V. 80, p. 1912.
In
organization, &c. A consolidation on August 16 1869.
February, 1898, a majority of the capital stock was purchased by the
S. Y. O. & H. RR., which gave in exohange its 3*a p. o. bonds at the
rate of $200 in bonds for $100 in stock. V. 66, p. 288. In 1903,
$45,289,200 stook had been exchanged. V. 69, p. 1237.
N. Y. Chioago & St. Louis road has been controlled by ownership of
stock since 1882, Lake Shore now owning $6,240,000 of Its common.
$6,275,000 of its 2d preferred and $2,503,000 of its 1st preferred stock.
The company also controls and leases the Mahoning Coal RR. Isee Lake
Shore "System" below] and owns (besides entire stock of proprietary
lines) $5,000,100 Pitts. & Lake Erie stock; $11,224,000 of th<i $27,997,700 Cleveland Cln Ohio. <fe St. Louis common stock also $5,940,000 of the $11,840,000 common and $5,930,000 of the $11,840,000
Lake Erie & Western preferred V. 71, p. 1269; V. 72, p. 870.
In 1902 purchased $4,870,500 of the $5,000,000 stock of the
Indiana Illinois & Iowa RR., operating line from Seatonvtlle, 111., to
St Joseph, Midi., 2*2 miles. V. 73, p. 1356; V. 74, p. 41. In 1901
purchased from surplus earnings $3,200,000 Lehigh Valley RR. stook
lor $1,920,000; total Lehigh stook owned, $5,700,000. V. 74, p. 879.
;
1
July,
RAILWAY STOCKS AND BONDS.
1905.]
RAILROADS.
Miles
Date
Size, or
—
3
42
63
15
22
63
2d mortgage
L .& Hud. R.Gen.M. $3,000,000, g. (see text) Ce.o*
Lehigh <& New Engl' d— 1st M., $1,000,000, gold. FP
$300,000, gu.,red. 105.FP0*
Lehigh & Delaware 1st mort., not ass'd, red 105
Consol. mort., $3,000,000, g., oall 105
North'ton, IstM.,
....
15
g.,
GP
Lehigh Valley—Common
....
All
stock.
Pref. stock, 10 per cent (V. 79, p. 151, 269).
1st mortgage, o. and r., ext. In gold In 1898..
GP
GP
101
r
101
4^8. o&v
> coup. & reg., $4,762,000
$40,000,000, 5 annuity, $2,538,000 are 4^8. FP 461
Gen. consol. mort., $150,000,000,gold GP..o*<fcr.
••
Coal purchase companies stock, part due yearly
Lehigh & N. Y., 1st M., g., guar. p. 1. Mp...o*« 117
Leh.Val. of N.Y., 1st M., g., gu.p.A i.(end.)GPo*&r
283
Leh. Val. Ter., 1st M., gold, gu. p. 1., end.Ce.o\fcr
31
Easton & Amboy,lst M.Easton to P. Amboy, gu.
60
Easton & No., IstM., gold, guar, by L.Val.GPo*&r
12
.'Middlesex Valley, 1st mort., $600,000, gold. Ce.o*
22
2d mortgage
Consol. mort.,
<fe
<fe
Penn. & N. Y. Can. & RR.— 1st m., endors. .c*&r.
Consols (see text) guaranteed p.& i.(end.).GPr
Elmlra Cortl'd <ft No. 1st pref. mort., gold.. Ce.o*
IstM., gold, guar. p. &f. (end.). Ce
Can.No,l8tM.,g.,gu.p.<fci.byE.C&N.(V.76,p.l406)
Lehigh & Lake Erie 1st M., $3,000 000 auth
Morris Canal stock, 4% guaranteed 999 years....
Preferred stook, 10 p. c. guar. 999 years
.
•••
....
119
119
*•
1904 $1,000
1893
1,000
1881
1,000
1887
1.000
1879 500 &o.
1881 500 &0.
1890
1,000
1895
1,000
1902
1,000
1904
1,000
1903
1,000
50
50
1868
1,000
1870
1,000
1873
1,000
1873
1,000
1903 l.OOO&c
1901
1895
1,000
1890
1,000
1891
1,000
1880
1,000
1895 500 &o.
1892
1,000
1866
1,000
1888
1,000
1884
1,000
1884
1,000
1886
1905
100
....
100
Also owns one-half of the $60,665,000 Reading Co. stook acquired
by the Pennsylvania-Vanderbilt interests, viz., $6,065,000 first preferred, $14,265,000 second preferred and $10,002,500 common stook, the
other half being held by the Baltimore & Ohio. V. HO p. 1856. As to
purchase of one-sixth interest in majority Hocking Valley Ry. oommon
stock, see that company. V. 76,' p. 102, 158: V. 77, p. 451.
List of stooks of companies acquired during 1900 to 1903, both Inclusive, see V. 78, p. 48, 1904; V. 80, p.
Since '89. P.ct.
1852.
'91 '92 '93-97 '98 '99 '00 '01 '02 '03 '04. 1905.
5 6I3 6^ 6 y'rly
8
DIVIDENDS.— ) '90
$
6^777 778
The consol. mortgage of 1897 (United States Trust Co., N. Y., and
John T. Dye of Indianapolis, Ind., trustees.) is for $50,000,000 of 3ifl
per cent gold bonds, tax free, used to retire the several issues of
7s maturing from 1898 to 1903 (see abstract in V. 64. p. 1182)
amounting to $43,192,000, and the balance, $6,808,000 in refunding 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.
V. 66, p. 1140; V. 68. p. 1182; V. 73, p. 1264; V. 75, p .290; V. 77, p. *2035.
Of the $50,000,000 authorized debenture 4s of 1903, $40,000,000
were sold to pay off the $25,000,000 loan made for the purchase of
Reading stook, which matured In Jan., 1904, and floating debt incurred for other acquisitions, and balance was sold in 190">. They are
to be secured by any new mortgage. V. 77, p. 1747, 2035; V. 78,"p. 48;
365
Bonds—PrinciINTEREST OR DIVIDENDS.
pal, When Due.
per When Where Payable, and by Stocks— Last
Amount
of
Par
Rate
of
For explanation of column headings, &o., see notes
Road. Bonds Value. Outstanding
on first page of tables.
Cent.
Laramie H.O. <6 Pae.—lbt M., $800,000, g. AH. o'
Leavenworth Terminal By. <£ Bridge 1st M., g.Ce.
Lehigh <& Hud. River— 1st M.,g.,int.red'o'dto5p.o.Ce
2d mortgage, gold
Warwick Valley 1st mort., extended in 1900
:
.
Whom.
Payable
Dividend.
& J. Amer L. &Tr.Co.,Bost. July 1, 1929
See text.
gl
£
& J. N. Y., Central Trust Co. Jan. 1, 1928
$600,000
& J. N. Y., Nat'l Exch. July 1, 1911
800,000
& J.
July 1, 1917
164,000
5 g.
Bank, and First
A. & O.
145,000
1, 1911
National Bank, July 1, 1912
A. & O.
Apr.
240,000
Warwick, N. Y.
July 1, 1920
1,124,000
5 g- J. & J.
1,000,000
5 g. J. & J. Phila., 929 Chestnut St. July 1, 1945
do
Jan. 1, 1952
do
300,000
5 g. J. & J.
do
July 1, 1954
do
J. & J.
750.000
5
do
do
Oct. 1, 1958
& O.
1,380,000
5 g.
Julyl5,'05,2%
Checks mailed,
& J.
40,334,800 4 in 1905
do
July 15, '05, 5
do
J. & J.
106,300
10
J. & D. Phila. Of., 228 80. 3d St. June 1, 1948
5,000,000
do
do
Sept. 1, 1910
M. & S.
6,000,000
J*
do
Deo. 1, 1928
do
10,400,000 4ifl&6 J. & D.
Irredeemabla.
do
do
12,600.000 4)<]&6 J. & D.
May 1, 2003
Philadelphia.
20,100,000
g M. &N.
i
To Apr., 1908
Various
1,235,000
2,000,000
4g. M. & 8. PhiL.Leh. Val.Of & N. Y. 8ept. 1, 1945
15,000,000
4 ^g. J. & J. N.Y., J.P. Morgan* Co. July 1, 1940
Philadelphia.
Oct. 1, 1941
10,000,000
g A. & O.
M. & N. Phila., Of., 228 80. 3d St. May 1, 1920
6,000,000
i
Nov. 1, 1935
do
do
51.000
4 lag. M. & N.
Philadelphia.
Nov. 1, 1942
211,000
5 g M. & N.
June 1, 1906
do
J. & D.
1,500,000
7
& O. Phila., Lehigh Val. RR. Apr. 1, 1939
8,500,000 4, 413, 5
do
do
Apr. 1, 1914
750,000
& O.
Apr. 1, 1914
do
do
1,250,000
& O.
5 g
July 1, 1906
do
do
300,000
& J.
6g.
See text.
& A. Phil, office, 228 8.3d St. Aug".", 1905, 2%
706,700
4
Aug., 1905, 5%
do
do
& A.
903.600
10
Leavenworth Terminal Railway 6c Bridge.— Owns highJ.
J.
J.
J.
.
-
.
-
-
,
*
way and railroad bridge (opened Jan. 1, 1894), 1,110 feet long, over
Missouri River at Leavenworth, Kan., and valuable terminal property
in that oity. The mortgage contains a sinking fund provision. Kansas City St. Joseph & C. B. (Chicago B. & Q.) and Chicago R. I. & P.
use the bridge at an annual rental of $16,000 each, under a 30-year
oontraot from 1894, and Chicago Gt. Western from Sept. 1, 1895, for 30
years; rental $14,250. For year 1903-04, gross, $50,826; net, $31,782;
int. on bds., $30,000; bal., eur., $1,782. Stock,$600,000.— (V.69,p. 494.)
Lehigh
Hudson River Ry.—Owns from Greyoourt, on Erie
RR., to Belvidere, N. J., on the Pennsylvania RR., 63 miles, Proprietary
lines Orange County RR. (entire stook owned— no bonds issued), Hudson Junction to Maybrook, N. Y.,on Cent.N.E.Ry. (Poughkeepsie Bridge),
inoludlng traokage, a total of 13 miles; 8. E. & P. RR.. PhiUipsburg
to Easton, lmile; trackage, Penn RR., Belvidere to Phillipsburg, 13
&
:
miles; total oper., 90 miles.
Central RR. of N. J. and Lehigh Coal & Nav. Co. own control. V. 68,
p. 568; V. 78, p. 2384; V. 79. p. 269. Stock, $1,340,000; par, $100.
Bonds.— Of the $1,124,000 general mortgage bonds out, $1,062,000 are guaranteed jointly, prin. and interest, by the Cent. RR.
of N. J and Leh. Coal & Nav. Co. An additional $1,535,000 are reserved to take up prior liens and $330,000 for extensions or acquisitions of connecting roads. See form of guaranty, etc., in V. 67, p. 788.
Bills payable for equipment June 30, 1905, $170,000, bearing 5 p.
V. 80. p. 1912.
Guaranties.—As to guaranties additional
to those
shown
In table
above see Detroit Hillsdale & 8. W. and Fort Wayne & Jaokson.
Gbnekal Finances.- -Nothing has been ohargea to construction or
equipment account since 1883, the outlays charged to operating expenses for new equipment amounting in 1904 to $2,776,034 and in 1903
to $1,788,140, and for construction to $2,781,202 in 1904, against
$4,527,136, these items being exolusive of expenditures for renewals.
Profit and loss surplus Jan. 1, 1905, $16,889,066. Low grades permit
large train-loads
average for 1904. 589 tons, against 614 in 1903.
Earnings. -For 6 months ending June 30, 1905 (partly estimated).
Charges.
6 mos.
Gross.
Net
Other int.
Balance
1905
$18,166,097 $i,3*:0,039 $960,000 $2,910,000 $2,370,039
:
1904
17,138,246
4,300 960
960 000
2,910,000
Annual Report for 1904 was in V. 80, p. 852.
Tear end. Dec. 31—
1904.
1903.
Total gross earnings
Oper. exp. & taxes
Net earnings
Net, lnol. oth. inoome
Rentals paid
Interest on debt
Dlvld's on guar, stook
$35,161,0 ->3
28,234,281
$6,926,772
$9,497,747
1,0; 8,797
3 917 852
$34,768,081
27,711,157
$7,056,924
$9,393,794
1,104,191
3.765,223
53,350
2,350,960
$30,449,292
21,989.064
$8,460,^28
$10,128,793
1,042,667
2,297,252
53,350
Lake Shore System.— Mahoning Coal RR.— Owns
from
Youngstown
to Andover, O., and branches, 47 miles. Branch (praotlcally second track) from Doughton to Plymouth, on the Lake Shore,
43 miles, of which 18 m. built by Lake Shore, was oompleted in 1903.
Leased in perpetuity for 40 p. o of gross earnings to Lake Shore, which
Jan. 1, 1905, owned $865,900 common and $399,500 preferred stook.
DIVIDENDS.— ) 1889. '90. '91. '92. '93. '94. '95 to Aug., 1905.
8I3
On oommon. SVq.% 5
413
8
8 10 (Feb.7%,Aug. 3%)
The preferred stock certificates are 5 p. 0. guaranteed and contain
a clause making them redeemable at par at option of company.
For year ending Deo. 31, 1 902, rental, $668,207; surplus over int.
and 10 p. 0. on com. and & p. c. on pref., $408,354.— (V. 66, p. 897.)
Lake Superior & Ishpemlng Ry.— Marquette to Ishpeming,
Mich., 20 miles; leases, 1 mile; total, 21 miles. The Munleing Ry.,
Little Lake to Munieing, 38 miles, and the Marquette & Southeastern
By., Soandla to Marquette, 17 miles, are operated as one system, all
being controlled by the Cleveland Cliffs Iron Co. Stook, $1,000,000;
par of shares, $100. Bonds are subleot to oall for the sinking fund by lot
at 105 and Interest. Year ending Deo. 31, 1902, gross, $186,584; net,
$43,940; other Income, $18,726; taxes, $19,270. President, Wm. G.
Mather, Cleveland, O.— (V. 76, p. 1248; V. 78, p. 229; V. 79, p. 2588.)
Lake Superior Ac Southeastern
See Wisconsin Central.
Lake Tahoe Ry. 6c Transportation Co.—Truokee to Tahoe,
Oal., 15 miles, narrow gauge, operated during tourist season from May
15 to Oct.15 in connection with steamers and hotels, also owned. Stook
$500,000, all outstanding. Mortgage oovers also steamers, wharf and
hotel property costing $250,000; sinking fund becomes operative In
1905; Mercantile Trust Co., San Franoisco, trustee. V. 74, p. 479. Year
ending June 30, 1904,|gros8, $36,005; net, $13,806; total deductions,
$16,323; bal., def., $2,517. President, D. L. Bliss, San Francisco, Cal.—
(V. 74, p. 478.)
RK.—
Laramie Hahn's Peak Pacific Ry.—In Oct., 1903, grading
oompleted from Laramie, Wyoming, via Centennial, 30 miles, to be
operated in summer of 1905; contract also let from Centennial to
Grand Encampment, being balance of 100 miles. Stook authorized, $9,000,000, all com., to be issued at rate of $90,000 per mile; par of shares.
$10. (8ee V. 77, p. 824). In Nov., 1904, $240,000 bonds was offered.
V. 79, p. 968, 2205. President, Fred. A. Miller, Laramie, Wyo.— (V. 77,
p. 824; V. 79, p. 968, 1642, 2205.)
Gross, $326,096; net, $106,533
) 1904-5
Gross, 354 730; net, 143,685
July 1 to Mar. 31.
$1903-4
Deficit under oharges, $5,014, against sur., $38,908 in 1903-4.
Annual Repokt.—Including Orange County RR., V. 80, p. 469.
Int., tax, etc. Bal., sur.
Tear end. June 30.
Gross.
Net.
1904
$196,845 $172,408
$24,437
$509,408
1903
443,678
180,748
166,062
14.686
Lewis A. Riley, President, Philadelphia, Pa. New directors Dec,
1904, V. 79, p. 2642.— (V. 79, p. 2747; V. 80, p. 469.)
Lehigh & New England RR.—Operates road from Slatington,
Pa., to Campbell Hall, N. Y., 95 miles, Bethlehem to Bangor, Pa., 31
m.; Bath to Martin's Creek, Pa., 20 miles; branches, 32 miles; total 178
miles, of which two sections, aggregating 35 miles, are trackage, leaving 1 43 miles owned. In Nov 1904, Lehigh & Delaware RR. and Wind
Gap & Delaware RR., included above, were merged. V. 79, p. 2642.
History.—A reorganization July 1, 1895, of the Penn. Poughkeepsie
& Boston, foreclosed. In Jan., 1904, Lehigh Coal & Navigation Co.
,
1902.
53,350
Dividends
(8)3,957,320 (7ifl) 3,709.98 7
(7)3,462,655
Surplus over divs
$00,422
$761,042
$3,272,869
— (V.79, p. 2747; V. 80, p. 1852, 1856, 1912, 2458. 2621.)
&
Earnings.— 9 mos.,
acquired control. V. 78, p. 229, 1781, 1962.
Securities.—Stock is $1,500,000; outstanding, $1,000,000; par $50Mortgage of 1895 is for $1,000,000, of which $569,000 for improvements and exten's. (V. 62, p. 134.) Of the consols of 1903 ($3,000,000
authorized issue), $1,300,000 are issuable to retire the existing bonds,
the remainder being available for extensions and improvements;
trustee, City Trust, Safe Deposit & Surety Co. of Philadelphia. V. 77,
p. 951.
Earnings.—For year ending Deo. 31, 1904 (131 miles), gross, $232,643; net, $92,639; charges, $79,700; balance, surplus, $12,939. President, W. Jay Turner; Vice President, Lewis A. Riley; Secretary and
Treasurer, H. F. Baker, dec'd.— (V. 78, p. 1962; V. 79, p. 2642.)
(See Map.) -Jersey City, N. J., opposite
Lehigh Valley
N. Y. City, to Buffalo, N. Y., 450 miles, with branohes, viz.:
Lehigh & N. Y„ Pa. State
Fee or Entire Stock Owned
RR.—
—
1
Miles.
Buffalo. N. Y., to Sayre, Pa.. 181
Wilkesbarre, Pa., to Jersey
City.
174
Elmira Cortland
Branches
&
Nor.1T....
Pa. & N. Y., Wilkab're to Pa.
State Line (with 43 miles
branches)
!
'
LinetoNo.FairHaven,N.Y.
Other.
Leised—
State Line
& Sullivan
139
497
Other
Trackage to Susp. Bridge.eto.
140
115
70
'"124
Second Track
Total June 30, 1904
4
49
1,399
574
History, Etc.—In 1901 the Erie, Lackawanna, Central of New
Jersey, Reading and Vanderbilt interests entered the directory. V.
72, p. 137, 391. The Lake Shore & Mich. So. in 1901 purohased $3,200,000 of the stook. V. 74, p. 883. For list of securities owned, see V.
66, p. 187. As to merger of sub. eos. Bee V. 77, p. 972; V. 80, p. 1424;
V. 81, p. 211.
Coal Property.—The Lehigh Valley RR. Co. owns 3,619 acres of
coal lands and all the ($650,000) stock of the Lehigh Valley Coal Co.,
which in December, 1893, owned anthracite coal and surface lands
Total acres.
Est'd. yield.
Ooal acres.
Owned In fee
124,000,000
15,217
7,242
Perpetually leased
111,000,000
8,123
5,741
Term leases
47,000,000
1,708
1,708
Controls through stook owned.. 9.229
50,000,000
4,519
Collieries 54, daily oapaoity about 30,000 tons. (V. 62, p. 364.) The
Hazelton Coal Co. (chartered in 1896) stook is owned and its $2,000,000 first mort. 5s also owned guaranteed—see V. 64, p. 137. In 1900 Delano Land Co. was merged inL. V. Coal Co. V. 71, p. 287; V 79, p. 151.
In!1905 300 acres of coal lands, etc., were purchased. V. 80, p. 1111.
The Coal Co. shipped from collieries owned 4,275,130 tons in.
1903-04, against 3,531,677 tons in 1902-03; total coal tonnage in
1903-04 was 7,511,957.
Drvs. on Com.— > '87. '88 to '91. '92 '93. '94 to '03 1904.
1905.
Aug., 1
glnoe '86. P. ot. 5 4i«
4
5 yrly. 5H 4 None.
366
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
.
.
July, 1905.
RAILWAY STOCKS AND BONDS.
J
KAILROADS.
For explanation of column headings, &c, see notes
on first page
8h. 1st
M.notgu.GP.r
L.V.Coal Co.lst M.$12,000,000.g.s.f.,not drn.o*&r
Delano L*d 1st M., g., gu.. s. f. +30.000 y'ly.
Consol. Real Estate, 1st M., $1,800,000, gu. CJsm
Car trusts, ( $50,000 due each F.
c*
gold.GP ) $25,000 due each F. <b a
Equip, trusts, gold, due $200,000 vearly.PeP..
Do gold, ser. "D" to "CJ," due $562,000 y'rly.
Maritime mortgage bonds, $120,000 due yearly.
Lexmgt. <t
lstM.,g.,extin'01,red.l02Ce.o*
General mort., gold Co
r
Litch. dt Madi*on 1st mort., $1,000,000. gold. EC
Little Falls <& Dolgev%U*- 1st M., $250,000, gold ..
Little lfiam^8t'k,com.,gu.8 p.o.,99 yrs.,P.C.&8t.L.
OP
&A
Renewal mortgage
c
New M. ($3,000,000)— V. 72, p. 184, 241, 1080...
L. Rockdt Hot 8p. West.— lstM.,g., gu. p.&i.end. •"St
Little Schuylkill Nav. RR. <£ Goaf— Stook (rental gu.)
mortgage
c*
Consol. mortgage, gold ($3,610,000 are 5 p. o.)Ce
General mortgage, gold
RR.
M
Ce
o"
on ferry for $2,750,000. gold. Ce..o*
Stewart Line vf. of 1932 for $500,000, gold.Ce.
Debenture ($1,500,000) gold, not subject to call.
New York & Flushing 1st mortgage, assumed
B'klyn & Montauk 1st M., $250,000 are 6s.Ce.c*
2d M., g., aes'd, Bus. Sta. to Eastp. & brs.Ce.c
L.
I.
Flushing 1st M7, assumed.. c*
Consol. mortgage gold, assumed. Ce
o'
N. Y. Bay Extension, $500,000, 1st M., assumed.
Montauk Extens'n, $600.000. 1st M., assumed
Unified M $9,673,000, g. call 110 Gun ... o&r
Refund.
$45,000,000, g., guar.. p.«fci.Cq.c*<fcr
Long Island
M
City
Size,
or
•
....
'99'02
.
1,000
1895
1,000
1895 1,000*0
1904
1,000
1903 100 &0.
....
50
1882
1,000
92
44
....
....
84
84
53
32
155
156
163
1901
1899
m
.
1,000
1,000
50
1878 100 Ac.
1881
1,000
1888
1,000
1892
1,000
1892
1.000
1894
1,000
1880
1,000
1881
1,000
1888
1,000
1881
1,000
1887
1,000
1893
1895
1899 1,0004c
1903 -00 Ac.
....
18
••*
2
76
76
12
19
6
21
316
316
.
V. 79,
p.
2205.
.
— i&lmira
Cortland & Northern RR.—This road, with
the Canastota Northern, runs from Elmlra to Canastota and Camden, N. Y., 140 miles. Stock. $2,000,000, is owned. V. 62, p. 364,1177.
Lehigh Valley Railway Oo. of Sew York. Owned Buffalo, N. Y., to near
Sayre, Penn., 175 m. double track, and branohes to Ithaoa, Auburn,
etc., 106 m.; In all 281 m., oovered by $15,000,000 moitgage ot 1890,
but In Aug., 1903, consolidated with other sub cos.; total mileage
now is 35w miles. Stock, $7,720,000, all ownedby Lehigh Val. RR. Mortgage abstract V. 51, p. 114. V. 65, p. 412, 1071; V. 77, p. 147, 972.
Lehigh Valley Terminal Railway. -Owned double-track road from
South lainfleld, N. J., to Jersey City, with about 125 acres at Jersey
City and » arge water front there, etc. Merg din Aug., 1903, with
other subsidiary •ompanles in L. V. By. of N. J., having total mileage
of 110 m Its $10,45*. 000 outstanding stook («6,0 0,000 additional In
treasury) being all owned by Leh. V*l. RR. V. 77, p. 972. V. 53, p.
640, 880. Car trusts, $900,000.
Morris Canal. Leased for 999 years and dividends guaranteed.
Bonds all owned by Lehigh Valley. See V. 50, p. 137.
Pennsylvania A New York Oanal <t Railroad.— Leased for 99 years
from December 1, 1888, to Lehigh Valley, which has assumed its debt
and owns all its stock. Consol. mortgage bonds of 1888 are reserved to
take up prior bonds when due. The consols include $4,000,000 of 5
per cents, $3,000,000 of 4s, $1,500,000 of 4ias. V. 62, p. 950.
Lehigh Valley Coal Co.— See " Coal Property" above.
Coal Co. tr. certificates of 902 (*3,000,000 author ) were called In at
102^ and int on Dec. 1, 1904. V. 75, p. 1254; V. 79, p 1704.
Consolidated Reul Estate o- See V. 78, p. 1223; V. 79, p. 1271. To
June 30. 904, no e had been issued.
Senrca County Ry , $500,000 guaranteed bonds, none Issued June
See V 79, p. 1271.
30. 1904
In July. 190 the Lehigh * Lake Erie was authorized to issue $3,bonds for a terminal line. V. 81, p. 211.
000,000
General Finances.- In 1904 dividends were resumed. V. 79, p.
103,77; V. bO p. 117. In Oct., 1904. $15,00>,000 four p. o. ref. bonds
were sold, providing about $3,700,000 cash for general capital requirements and for the retirement of the $7,900,000 mort. aDd coll.
trust 5 per eent bonds and $2,000,000 five percent coal trust certificates. V. 9, p. 1042,1704, 2205. See "Bonds" above.
Earnings— 11 mon., J lP01-5..Gross, $28,288.375 > net. $11,159,483
July 1 to May 31... 1 1903-4..Gross, 27,036,112 net, 9,953.779
Annual Report.— Fiscal year ends June 30. The report for 1903-04
was given In V. 79, p. 1262. See also editorial, p. 1240.
1 903-04.
1 902-03.
1901 -02.
Earnings from coal
$12,835,076 $10,10»,764
$9,328,959
Miscellaneous freight
11,994.701
11.609.706
9.627,287
Passengers
3.155,715
3,191,639
3,664,820
Mail, express, eto
1,8H6,246
1,748,394
1,298.902
Guaranties
—
,
—
1
<
1
,
;
Operating expenses
$29,8«1,738
18,870,300
$26,654,503
18,980,180
$23,919,968
17,981,199
Net earnings
Other income
$11,011,438
505,477
$7,674,324
604,924
$5,938,769
533,230
Total income
$11,516,915
Additions and improvements. $1,465,290
Interest and rentals
5,083,583
679.X13
Taxes
Miscellaneous
32,667
$8,279,248
$1,266,182
5,111.398
613,405
176,673
Total gross
Total deductions
$7,2«1,353
Net income
$4,255,5^0
Net income coal properties...
856,437
Total net income
$5,111,997
$6,471,999
$1. 43* .676
5,090.317
615.467
105,449
$7,249,909
$7,167,659
$1,111,589 def.$777,910
895,919 df. 1,098,798
$2,007,508 di.$l,876,708
Pres., E. B. Thomas, 14* Liberty St., N. Y.; Asst. to Pres., E. A. Albright, 1st V P..J A. Mlddleton; Gen. Mgr , M. B. Cutter, Treas., W. C.
Alderson; Sec.
G. Balrd. 228 So. Third St.. Phlla. Exeoutive Com.
Chairman, Eben B. Thomas; Geo. F. Baker, E. T. Stotesbury, Charles
Steele, H. McK. Twombly and Geo. F. Baer.
D
$365,000
10.114,000
5 g1,089,000
5 gSee text.
5
50.000
5 gE 0.000
5 g4iflg
800,000
4*3 g.
2,618,000
245,000
£ g
850,000
5 g.
1,500.000 See text.
600,0o0
5 g.
250,000
3g.
82 5
4,943,100
1,500,000
5
3i«
2,174.000
1,140.000
2,487,850
268,703
4,731,000 4&5g.
3,000,000
4 g.
1,494,000
4!fig.
332,000
4 gl 1,135,000
g
125,000
i
1,000,000 5&6g.
600,000
g
600,000
i
650,000
5 g.
a 100.000
5
a 315,000
5
9,673,000
4g.
17,891.000
4 g.
-
&
.
*
Bonds.- The general consolidated mortgage of 1903 will secure «150,000,000 bonds, bearing not t<> exceed 5 p o. Interest, covering the entire road, the stock of the Lehlah Val. Coal Co. and other stocks owned.
Of the bonds $10,000,000 are issuab e at once, $10,000,000 were reserved to 'etire $8,516,000 oar Trusts, ser. A to G inolus and $1,535,
•00 coal purchase bonds. $96,000,000 to retire at or bef< re maturity
•utstanding fixed obligations amounting to $94,130,000, (Including
the collateral trust bonds, and $2,000,000 coal trust certificates of
1902, whloh will be oalled for payment), on payment of which the
general consols will be a first lien on all the property of the system,
except as to $12,600,000 annuity oonds, whloh are a perpetual charge
the remaining $<4 000,000 are issuable at not exceeding $2 000.000 a
year, or such lar.er amounts as maybe authorized by stockholders
beginning Jan. 1, 1906, for acquisitions, terminals, coal properties,
equipment, etc. Old bonds may, however, be extended If neoessary,
for not over two years. Provision may be made at the time of issue of
bonds thereunder for the right to convert into stock at the pleasure of
the holder not over $25,000,000 at any one time. V. 77, p. 824; V. 78,
See description of property covered in V. 81,
p. 287; V. 79, p. 1642
p. 211. The mort and coll. trust js of iSoy were paid at 107!a on May
*
1, 1905.
Outstanding
1884
$500
1892 l.OOO&c
1892
1,000
1904
1,000
1895
1,000
1896
1.000
1899
1,000
3G7
Bonds— fnuoi
INTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Slocks— Last
Cent.
Payable
Whom.
Dividend.
Amount
Par
of
...
....
....
....
....
WV
Is')
Date
Miles
of
Road. Bonds Value.
of tables.
Lehigh Tal.—( Oon.)— Snow
Long Island— id (now
:
:;
-
-
& j.
& j.
& j.
* A.
& A.
& A.
& D
Various
M. & N.
J. & J.
j.
j.
Philadelphia,
do
do
Phil.,
do
do
Glrard Trust.
do
do
Phlla., Penn.Co.forlns.
Philadelphia.
1910
1933
1932
1954
Feb., 1906
To Aug., 1906
To June 1, '09
1905 to 1910
To May 1,1907
July 1, 1911
Feb. 1, 1935
Nov. 1, 1934
1933
Jan.
Jan.
Jan.
Feb.
1,
1,
1,
1,
N. Y.,J. K. Tod&Co.
Hftft tftxt
A.
N. N.Y..52 WmSt'&Chio.
Ex. Nat. Bk.
J. & J. N. Y.,
-M./o Clnn.,Offloe, IstNat.Bk. J'ne 10.'05,21b
& N. N. Y., Bank of America, Nov. 2, 1912
&
M. &
F.
a
Am
.
F.
J.
J.
F.
&
&
&
&
A.
do
do
and Phlla.
410 Walnut
N. Y..U.S. Mort.& Tr.Co.
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
St. Louis
J.
J. Phlla., Of.,
A.
Q.-J.
&
&
J. &
J. &
M. &
M. &
J. &
M. &
M. &
J. &
J. &
M. &
D.
M.
8
J.
M.
&
8.
D.
D.
8.
8.
D.
N.
N.
J.
J.
8.
New York.
Feb. 1, 1951
July I, 1939
July 14,05 2*2
Aug. 1, 191b
July 1, 1931
June 1, 1938
Moh. 1, 1922
June 1, 1932
June
1
Mch.
Moh.
1,
1,
1,
1,
1,
June
May
May
Jan.
Jan.
Mar.
Mar.
1,
1,
I.
1,
1934
1920
1911
1938
1911
1937
1943
1945
1949
1949
Directors— Edward T. Stotesbury. Alex. B. Coxe, Joseph Wharton Geo. HMcFadden, Charles Steelo, Irvlna A. Stearns. Abram Nesbitt, H. M«K. TwomV. Baker,
bly, Bben B. Thomas, George
B B. Smith. George V. Baer
and Root. C. Lippincott. ( V. B p. 222 11 11, 1434, 2219 X458; V. »1, p. 211.)
Lexington & Eastern Ry.—Owns from Lexington, Ky„ to Jackson. Ky., about 92 miles. Stook, $500,000; par, $100. Reorganized
without foreclosure In 1901 per plan V. 73, p. 663.
Bonds. —The first mortgage 5s were extended at same rate of Interest
to July 1, 1911, the company having the right to call and redeem all or
any of them at 102 and interest. All interest on the general mortgage
bonds was waived to Aug 1, 1901, Interest thereafter to be paid in cash
Feb. and Aug 1, as follows: 2 p o. yearly for 5 years, then 3 p. o. for
5 years and 5 p. o. yearly thereafter to maturity. Deferred debentures will be Issued from time to time for balance of the Interest
not paid in cash on the general mortgage bonds aooruing after Aug. 1,
1901, such debentures ($375,000 eventually) being payable without
interest whenever the company shall decide (either in cash or general
mort. bonds), but immediately if a dividend is declared on stock.
EARNTNGS.-11 months, s 1904-5
Gross, $42\200; net,$138,197
Groes. 465 454; net, 107, 11
July 1 to May 31.
1 1903-4
Year ending June 30, 1904 (119 miles), gross, $612,200; net, $173,810; Interest, $117,500; taxes, $15,000; rentals, etc., $46,699; bal.,
def., $5,389. President, Arthur Cary, Lexington, Ky (V. 76, p. 542.)
Lime Rock RR.—Owns road in and around Rockland, Me., 11
miles; trackage, 1 mile; total, 12 miles
Stock, $450,00c; controlled
by the Rockland-Rookport time Co. of Maine Bonds. $400,000 consol.
ref 3 '-year gold 4s, due July 1,1929 ($l,«n>0 each), int Jan and July,
at Portland, Me. Year ending June 30, 1904, gross, $85,740; net,
$37,428; other income, $4,262; charges, $19,653; dividends (5 p. o.),
$22,500; bal def., $462. Office, Rockland. Me.
Madison Ry.— Owns Litchfield Jet. to Madison,
Litchfield
in.; total, 45 miles.
III., 44 miles; trackage, 1
Stock, common,
$500,00 »; pref.. 4 p. o. non cum., $500,000; par of shares, *100. ForChic. Peoria & St. Louis, but in 1904 control was
merly controlled by
so'd to John R. Walsh and associates of Chicago. For year ending
June 3i. 1904, gross, $124,036; net, $25,665; interest and taxes, $28,556; bal., def, $2,891. President. James Duncan, Alion, 111.; See
,
1
,
&
and
Trea^., D.
M
Cameron.
(V. 79. p. 2456.)
Little Falls * Dolgevllle RR.— Little Falls, N. Y., to Dolgeville. 10 m. V. 75, n. 48. Stook, $250,000. Bonds, see table. For year
ending June 30, 1904, gross. $42,30H; net, $11,414; charges, $10,425.
President, Dumont Clarke; Treasurer, E R. Wanckel. (V. 75, p. 48.)
Little Kanawha RR.— Parkersburg, W. Va., to Palestine, 30
miles, thence bv steamer, 20 miles, to Creston; total. 52 miles.
Stock, $3,000,000 authorized; issued $509,500.
In July, 1905,
Vanderbllt and Pennsylvania patties, it is understood, obtained an
large interest. See W. Va. & Pitts, item, V. 74, p. 777; also
V. 76, p. 1030; V. 80, p 2219 2399; V. 81, p. 264. For year ending
June 30. 1904, gross, $60,835; net, $7,484. J. T. Blair, Prest., Parkersburs', W. Va.— (V. 75, p. 442, 666, 1302; V. 76, p. 1030; V. 80, p.
2219, 2399; V. 81, p. 264.)
Owns Cincinnati, O., to Springfield, O., 84
Little Miami
miles; branch, Xenia, 0., to Dayton, O., 16 miles; Dayton, O., to Ind.
leases, Columbus
state Line, 38 m.;
Xenia RR., Xenia, O., to Columbus, O.. 55 miles: Cin. St. Con.RR., 2 m.; tot. 195 m.
Lease.—On Deo. 1, 1869, leased to Pittsburg Cincinnati & St. Louis
(now Pittsburg Ciucinnati 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
stook and Interest on debt. Lessee's report show* results to lessee
In 1899 profit, $54,725; 1900, $65,P89; 1901, $67,151; In 1902, loss,
$92,069; tn 1903, loss, $241,593; In 1904, loss, $133,746 8tock author-
option on
RR.—
&
Beginning Dec, 1899, i B per cent extra has been
paid each Deo and Junt from the surplus Invested fund, making dividend 82 B per cent yearly .—(V. 72, p. 241, 1080; V. 74, p. 427.)
Hot Spring Western RR.—Owus Hot Springs
Little Rock
to Jun stion, Ark.. 53 miles, of which Benton to Little Hook, 23 miles,
Is leased to Choc. Oklahoma & Gulf RR.
V. 68, p. 85; V. 69, p 283;
V. 73, p. 722. St ok, $1,140,- 00, all owned by St Louis Iron Moantain & Southern Ry (Missouri Pacific system) which guarantees the
bonds, principal, and interest, by endorsement V. 78, p 583. Year
nding June 30. 1904, gross, $180,451; net, $62,294; other iucoaie,
$zl,629; deductions. $69,6 4; bal., sur., $14,249 —(V. 78, p. 583.)
Little Scbuylklll Navigation RR. 4c Coal.— Owns from Port
Clinton to Tamanend and Reevesdale, 32 miles. Re-leased on Deo.
1, 1896, to Phila. & Read. Ry for 999 years, and rental reduced from
7 p. o. on stock to 5 p. c, gold from Jan. 1, 1897; In 1898, 5^ p 0.; In
1899. 513; In 1900, 5; in *01, 5^; 1902, 5»a p. e ; 1903, 5; 1904, 5;
1905, 5*2. Lessee pays taxes and organ, expenses —(V 73 p. 554.)
London Tube Companies.— See Underground Electric Rys.
Long Island
Operates the steam surface roads of Lou. Isl.
Owns—
Miles.
Leases(H Which see.) Miles.
Long Island City to Greenport. 95 N Y. & Rockaway Beach Ry.ff 12
Long Island City to Montauk. 115 Jamaica * 8outh Shore
5
Sundry branohes
(V. 78, p. 102.)
106
B'klyn & Man. Beach II.. 18
N. Y.
Total owned
316
ized, $8,000,000.
&
RR.—
'
Leases—
(V. 77, p. 2098.)
Total June 30 1904
Brooklyn <fc Jamaica RR
10
North Shore Branch RR
30 Double track
391
112
368
RAILWAY STOCKS AND BONDS.
[Vol.
lxx
si.
RAILWAY STOCKS AND BONDS.
July, 1905.
RAILROADS.
Miles
Date
Size, or
Par
of
For explanation of column headings, Ac, see notes of
Road. Bonds Value.
on first page of tables.
Amount
Outstanding
369
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Payable
Whom.
Cent.
Lines, Principal or In TERE8 r Guar ANTEED.
30 1892 $1,000 a$ 1,262,000
RR. N.Sh.Br.oons.M.$l,425,000,gu.p. Al.Ce o
19 1885
1,000 al,601,000
N.Y. B. A Man. B.lstoon. M.$l,726,000 g.,gu.€e
Long Island— (Con.)—Leased
Q.-J.
L.I.
N. Y.
P. P.
A Rook. B., 1st M. $984,000, gu. p. A l.Oe.
& C. I.. 1st and 2d. ($96,000 2ds) gu. p. A
1.
Lou. <t Ark.— 1st M., $7,000,000, g..S o*&r. Text.
Louisiana <t Northwest RR.—First mort., gold
Louisiana Ry <& Nan.— 1st M., g. See text. F..c<fer
La. tiouth'n—1st M., g., red. at 105 after 1902 Oe o
Louisiana Western— 1st mortgage, gold
Ceo'
Louisv. <t Atlantic—let mort., gold, $1,000,000.
Louisville Bridge Oo. — Stock
Louis. H. A 81. L.— 1st mort., $2,500,000, gold.Mo
K
&
1887
T6
•86-*91
187
36
198
45
106
101
1902
1895
1903
1897
1881
1901
165
1896
1895
,T>1ui*».rf Jeff. Bridge—$5,000,000,g.gu. p.Ai.,end.c"
1,000
1,000
1,000
1,000
1,000
500
1,000
1,000
IOC
500
1,000
Nashville— Btook, $60,000,000
-3eoll.Br.l8tM.,Cecll.to Louis., s.f ,dr. at 100. 17
.
n o*
E.H.&N.lstM., Hend.toNash., g, dr'natllO.Ce.o*
Louis. A Nash, gen'l M., gold, drawn at HO.Oe.c*
L. C. A Lex. 2d m. s. f not dr'n, Louis, to Newp't.C
Gen. mort. L. C. AL.,gold(V.63,p.l010),mio.c*
.
,
,
By
V.
fall of 1905, 45 miles of
79, p. 2147; V. 80. p 997.
46
151
802
175
175
189
45
141
141
208
208
118
road will be converted electrically.
In June, 1905, jointly with Interborongh Rapid Transit Co acquired the New York A L.ong Island Traotion Co., owning about 37
miles of track. V. 80, p. 2622.
Stock —$12,000,000; par, $50; of whloh Penn.RR. owns $6,797,900
Dividends.— $ 1882. *83to'90. '91. '92. '93. '94. '95. '96. None
1
4 yearly
4^ 5
5
4 1*
4
4 since.
Per oent.
I
Bonds.— The refunding 4s of 1903 ($45,000,0^0 authorized issue)
are secured by a lien on toe entire road subiiotto the $21,216,000 outstanding old bonds, to retire which an equal amount is reserved;
of the bonds, $1 %503,000, guaranteed as to principal and Interest,
by the Pennsylvania RR., were sold, the proceeds to be used for various
Improvements and additions in connection with the Pennsylvania
tunnels to and through New York City, principally for additional terminal facilities at Bay Ridge and Long Island City and for a doubletrack connection with the New Haven Roaa. for additional freight and
passenger terminals, tracks, equip't, etc.; $5,388,000 were issued to
retire old bonds, and remaining $5,893,000 held for future require
ments. V. 78. p. 583. 1549; V. 79, p. 2796; V. 80, p. 1111; V.81,p. 211.
The ferry mortgage for $2,750,000 oovers all the real ana personal property pertaining to the company's ferries (34th Street and
James Slip). As to debentures see page 2 of Sup. of April, 1895.
The unified mortgage is limited to the amount now outstanding.
Bonds are subject to call at 110 in whole or in part on any interest
day. V. 68, p. 618. Morta. on real estate, $971,088. V. 76, p. 266.
Guaranties.— in addition to guaranteed bords in table above guarantees 5 p. 0. on $650,000 New York Brooklyn & Manhattan Beach
preferred stock as part rental also 4*2 p. o. on $50,000 P. P. & So. Br.
took, and 4i« p. 0. on $82,500 of the N. Y. & Coney Island stock.
Important Connections.— Construction is in progress on the city's
extension of its Rapid Transit tunnel from Manhattan under the East
River and thenoe to Flatbush Ave Station, Brooklyn. V. 75, p. 30,
185. The Pennsylvania RR. Co. is also proceeding to build an underground itunnel) electric railroad for pas-enger service from Jersey
City, under the Hudson River to a central passenger station at 33d
Street and 7th to 10th avenues, and thence under the East River to a
connection with Long Island RR. and thus with N. V. N. H. & H. RR.,
As to improvem'ts, see V. 80, p. 599,
nee V. 74, p. 830; V. 75, p. 1203
997; V. 81, p. 3
Latkst Earnings.—For 9 mos endine Mar. 31:
Other inc.
Qruss.
Net.
Ohnrges.
9 mos.
Bal., def.
1904-5.. $5, 33* ,542 $1,062,113
$430,323 $1,5*9,*79
$56,843
1903-4
20-5,042
4,954,476
793,038
1,368,051
368,971
Annual Report.— Report for 1903-04 was in V. 79, p. 2639.
Fear ending June 30- 1904.
1903.
1902.
1901.
Gross earnings
$6,835,847 $6,440,992 $5,883,607 $4,862,347
Operating expenses. . 5,591,970
4,787,968
4,111,551
3,516,705
,
;
1
.
Net earnings
Total net
$1,243,877 $1,653,024
$1,545,408 $1,990,087
Interest on bonds
967,068
1,168,269
239.515
Taxes
213,835
Rentals
401,056
442,851
Miscellaneous
3,381
2,287
Interest on notes, etc
35,167
31,683
Balance
$1,772,056 $1,345,642
$2,104,744 $1,631,552
860,613
837,280
210,832
258,701
484,295
322,800
4,749
16,962
def.$275,205sur$305,538 sur$544,256 sur$195,809
President, Ralph Peters. Treasurer is Henry Tatnall, Broad it. Station, Philadelphia.— (V. 80, p. 1111,1363. 2621; V. 81, p. 31, 211.)
Louisiana A Arkansas Ky.—fSee Map .)— Hope, Ark., to Jena.
m
187 miles. Extension proposed to Natchez, Miss., 47
, and Paction southerly to Alexandria, 36 miles. V. 75, p. 135, 1306.
Stock.— Stock (authorized, $7,000,000, outstanding, $3,750,000,
shares par $100), of which $3,745,000 is deposited with the Standard
Trust Co. of New York. Voting trustees 10 years William Buchanan,
Edward E. Porter, BenJ F Yoakum, Harvey E. Fisk and Chas. I.. Pack.
Bonds.— Former bonded debt $600,000 at 6 p. o. has been paid off
New issue of 5 p. c. 25-year bonds is for refunding, betterments, equipment and extensions; total authorized, $7,000,000, of which $1,000,000 reserved for bridges across Black and Red rivers, and the balance
limited to $20,000 per mile of oompleted raiiroad. The entire amount
outstanding, but no part, will be subject to redemption at 110 and
Interest on any Interest date after Bept. 1, 1907. Beginning with 1907
a sinking fund of $55,000 per annum to buy bonds at 110 and interest
or under, or If bonds cannot be purchased to be invested in securities
legal for savings banks in N. Y., N. J., Massachusetts or Connecticut.
Earnings— 11 months. ) 1904 5
Gross, $765,534; net, $294,248
July 1 to May 31.
$ 1903-4 ....Gross,
643,877; net, 191.158
Surplus over charges, $185,529 In 1904-5, aget. $100,474 in 1903-4.
Report.— Report for year ending June 30, 1904, was given at length
In V. 79, p. 2082, 2096; see p. 2054.
Tear—
Mitts. Gross.
Net.
Other inc. Charges. Balante.
La.,
:
1903-4
1902-8
148 $704,670 $216,875 $24,186 $12^,604 $115,457
127
532,534
160,827
17,843
108,643
70,027
Pres.. Wm. Buchanan, Texarkana, Ark.— (V. 79, p. 2082, 2096.)
LoniKlan* A Northwest RR.— Owns Magnolia, Ark., to a point
7»« miles south of Bienville. 79-60 miles; trackage, Magnolia, to McNiel,
640 miles. Extension to Natohitoohes, La., 36 miles, was oompleted
in 1904; further extension proposed to Crowley, 110 miles.
A O.
M. A 8.
Seml-an
M. A 8.
J. A J.
J. A J.
M. A S.
A J.
M. A N
A A
J. A J.
M. A 8.
P. A A
M. A 8.
J. A D.
J. A D.
A. A O.
M. A N.
A. A O.
M. A 8.
J. A J.
J. A J.
M. A 8.
M. A 8.
M. A N.
M. A N.
J. A J.
A. A O.
M. & 8.
M. A 8.
A.
g>
g.
f
5
413
436,000
2,724,000
g
£
100,000
5 g4iflg
4,865,000
250,000
5 g.
2,240,000
6g.
1,000,000
5g.
1,500,000 See ti-xt.
2,200,000
g
5
3,500,000
4 ft190'
60,000,000 6 In
130.000
7
1,675,000
£ g
c7,839,000
6 g.
892,000
7
3,258,000
4»a g.
a 883,000
-
-
100
1877 $1,000
1879
1,000
1880
1,000
1877 100 Ac.
1881
1,000
L. A N. bas. 8. A N. Ala. RR. 2d M. as col. g. U n.c*
1880
1,000 d 1,918,000
Pensacola Div., 1st M., gold (dr'n at 105).F..o*
1880
1,000
e539,000
N. O. A Mob. Div. 1st M., N.O. to Mobile, g.F.c*
1880
1,000
5,000,000
2d mortgage, gold
*c
1880
1,000
1,000,000
Southeast'n A St. Louis Div. 1st mort., gold....o*
1881
1,000
3,500,000
2d M.,gold, East 8t. L. to Evansville A br....o*
1881
1,000
2,999,000
IstM. (50-year 5s), $15,000 p. m., gold. Us... c*
fl,749,000
1887
1,000
1st mort., collateral trust ($7,000,000) gold..Fe"
1888
1,000 g4,70ft,000
Unified mortgage for $75,000,000, gold.i;e.c*<fcr Text. 1890 1,000 Ac b34,562,000
Col.tr.M.,eall par aft. 1908, $30,000,000, g Uso*
1903
23,000,000
1,000
St. Louie property, 1st M., gold, $650,000. SSt c
1891
617,000
1,000
Mobile A Montgomery joint mortgage, gold.Ce.c 179 1895
1,000
4,000.000
hands of public; total issued shown In left hand colum n; balan ce under uni
a In
iDHiHvUli*
.
,
:
.
"
6g.
6
6
g.
g.
6g.
6g.
3
5
5
g.
gg-
4
4
gg-
5 g_
413 g
fled
mort
Bonds—Prinoiby pal.When Due.
6T&*-LastDiv.
N.Y.U.S. Mort.ATr.Co
N. Y., Corbin Bank'g Co
N.Y.,U.8.Mort.&Tr.Co.
do
do
N. Y., Pisk & Robluson.
N.Y., Boody, M0L.AC0.
N. Y., Farmers' Tr. Co.
N. Y., R. Winthrop «(Jo.
Oot. 1, 1932
Oct. 1, 1 135
Sept. 1, 1927
1926-1931
1927
Sept. 1,
Jan.
1,
1945
July 1, 19S8
Mar. 1, 1950
N.Y.,8.P.Oo.,120 B'way July 1, 1921
N. Y., Knick. Trust Co. May 1, 1941
Loulsviiie, Ky.
See text.
N.Y.,Bk.of Am. A Louis. Jan., 1946
N. Y., J.P. Morgan & Co. Men. 1, 1945
N. Y., 71 Broadway. Auo-.10'05.3%
do
do
Moh. 1, 1907
do
Dec. 1, 1919
do
June 1, 1930
do
do
do
Oot. 1, 1907
do
do
Nov. 1, 1931
do
Apr. 1, 1910
do
do
Mch. 1, 1920
do
do
Jan. 1, 1930
do
do
Jan. 1, 1930
do
do
Moh. 1, 1921
do
do
Moh. 1, 1980
do
do
May 1, 1937
do
do
Nov. 1, 1931
do
do
July 1, 1940
do
do
Apr. 1, 1923
New York.
Louis, 8t. L. Tr. Co. Mch. 1, 1916
Bept. 1, 1945
N. Y., 71 Broadway.
b, c, d, e, r, g, see foot note on next page
St.
Stock, $3,000,000 authorized; issued In Oot., 1903, $700,000, par,
$100. Loans and bills payable June 30, 1903, $241,144; oar trusts,
$7d,387. Trustee of first mortgage bonds, People's Trust Co., BrookThere are also 50-year gold consols at $7,500 per mile,
lyn, N. Y.
all owned by company. Year ending June 30, 1904, gross, $201,774;
net, $101,430; total deductions, $40,620; bal., surplus, $80,810. Gen.
Man., J. D. Beardsley Gibsland,
(V. 73, p. 957.)]
^
La—
,
,
Louisiana Rail way & Navigation Co.— Owns Shreveport
to
Baton Rouge, 222 mtles: also branch from Colfax to Winnueld, 28
Branoh in under construction from Camptl to Chestnut, La., 14
Also extension to New Orleans, 79 mile*.
Successor on June 22, 1903, of the Shreveport & Red River Valley
miles.
miles.
Ry. V. 77, p. 36. Stock author., $12,000,000; outstanding Oct., 1904,
$4,885,000; par. $1 10 Bonds (see table above) ire limited to $17,500,000 total issue and $23,000 per mile; «300,000 has also been issued for
abridge over the Red River at Alexandria; $4,000,000 is reserved for
New Orleans terminals. See oiHoial statement, V. 77, p. 36; V. 77, p.
769. Pres., Win. Edenborn, 8 Bridge St., N. Y.; Sec. and Aud., H. B.
Helm; Treas., Clarence Ellerbe, Shreveport, La. - (V. 77, p 36, 769.)
Louisiana Southern Ry.—Operates from New Orleans to Belair
and Shell Beaoh. 45 miles. See V. 64, p. 83. In Jan., 1901. the
United Ry. Trading Co. of England acquired over 95 p 0. of the stock
and bonds, that company also owning the Kentlsworth Sugar Estates,
10,000 acres. V. 76, p. 706. 8took, $300,000, par $100. Dividends in
1900 01, 7 p.c; in 1901-02, 7^ p. o. Year 1901-02. gross, $98,289;
net, $50,961; int. and tax., $18,029; bal., sur., $32,932. -(V.76, p. 705.)
(See Map of Southern Pacific.)—Owns
Louisiana Western
from Lafayette, La., to Sabine River, 106 miles; Midland to Eunice;
24 miles Midland to Abbeville, 35 miles; Mallard Junot. to Lake Arthur, 34 m.; total, 199 miles. Operated Independently, but in conneetion with Southern Paoiflo, which owns practically all the $3,360,000
stock, in year 190304, gross, $1,873,707; net, including other income,
$834,767; surp. over oharges, $571,935.— (V. 74, p. 268.)
Versailles, Ky.,to Beattyville Jot , 101 m.
Lonlsviile
At.
of which Miller's Creek to Beattyville, 28 miles, opened in Dec 1902.
Stock, $1,000,000; par $100. Year ending June 30, 1904. gross. $256,
656; net, $12,774; total deductions, $57,313; balance, def.. $44,539
Pres.. J. P. Amsden; Sec, E. M. Wallace, Versailles, Ky.— (V 71, p. 236.)
Louisville Bridge Co.—Owns bridge 5,294 feet long over Ohio
River at Louisville, Ky., and about 2 miles track additional in Louisville.
Used by several railroads, P. C. C. A St. L. Ry., Louis. & Nashville, etc. Surplus earnings are paid back to roads using bridge.
Stock is $1,500.000 Penn. Co. owned Jan. 1, 1905, $900,000. Dividends, 1896, 6^ percent; 1897,7 p. 0.; in 1898, 6 p.c; in 1899,3
1903, 13 p. c; 1904, 4
p. 0; 1900, 8 p. c: 1901, 6 p. c; 1902, 5 p c
In Deo., 1903, the suit of the minority stockholders was settled,
p. c
$150,000 of the $248,376 recovered being distributed as a 10 p. c div.
See V 78, p. 102; V. 79, p. 2747. In calendar year 1904. gross. $306,522; net over taxes, $l r 0,0 4; dividends (4 p. c), $60,000; bal., sur.,
$90,094.-(V. 78, p 102; V. 79, p. 2747.)
Louisville Henderson &, St. Louis Ry.—Road.—Louisville
to Henderson Ky., 142 miles, of which West Point to Louisville, Ky.,
21 miles, is trackage owns also Irvington to Fordsville, Ky., 44 miles.
History.—A reorganization June 1, 1896 (per plan in V. 62, p. 188)
Securities —Stock, common, $2,000,000; preferred, 5 p.c non-cam.,
$2,000,000. The stock is to be held by John J. MoCook, Brayton
Ives and Oscar Fenley, for ten years, in a voting trust, unless earlier
terminated by unanimous vote of trustees. See terms V. o2, p. 138.
Of the bonds S300.000 are reserved to build to Louisville.
Report for year ending June 30, 1904, was in V.79, p. 2144, •howing:
Gross, $895.9~0; net, $256,898; improvements, $119,252; interest, $110,000; taxes, $20,000; balance, surplus, $7,646.
In 1902-3,
gross, $808,548; net, $231,693.— (V. 79, p. 968, 2144.)
Louisville
Jeflersonville Bridge Co.—One-half mile long
and the approaches one mile; opened Jan. 1, 1896. Also owns about
40 acres of land in Louisville and 100 acres in Jeffersonville. Stock,
$1,425,000; mortgage is for $5,000,000 (trustee U. 8. Trust Oo. ef
N. Y. and Union Trust Oo. of Indianapolis); bonds for $1,500,00*
are reserved for future construction, etc; the bonds are guaranteed by
the Chesapeake A Ohio and Cleveland C. C. A 8t. L. roads, in whose imterest the entire stock Is owned.
See V. 61, p. 559.— (V. 62, p. 84.)
&
RR.—
&
RR.—
;
;
;
&
Louisville & Nashville RR.— (See Map.)— Road. -Operates mafia
from Cincinnati. O., to New Orleans. La., 921 miles, with branches
to St. Louis, Mo., Memphis, Tenn., etc, 2,717 miles, making total system proper June 30, 1904, 3,638 miles. The system Includes
Lines owned absolutely or
Miles.
Reported separately.
line
through capital stock
Louisville to Nashville
Sundry other
lines
Lines leased,
flSouth
dtc.
A North Ala. RR
Otherlines
UNashville Chatt. A St. Louis. .947
611
ITGeorgia Railroad system
...3,131 flAt.K. A Nor (stook owned). 228
692
Ind A Louisville
ffuhic
41
193 Operated for other oo's
129 Owned but leased to other oo's. 21
248
Do. Padncah A Mem. Dlv
Miles.
185
(half st'k owned). 26
H See this company.
Total of all JuT>e 30, '04.-6,356
Birm South
Total system proper
3,638
In Feb., 1902. sold Ceoilia Br., 46 m., for $1,000,000. V. 74. p. 326
In Apr., 1902, aoqulred control of the Atlanta KnoxvlUe A Northern
Ry., Knoxville, Tenn., to Marietta, Ga., 205 miles, with 25-mlle branch
.
RAILWAY STOCKS AND BONDS.
370
y>3»CarT(mtoiij
w
\Gosport
lerre Haute
rfTaseyJ
*>\
JjSloomfiMd
/Newton
/V^^n^
v^yVandaUaVj
7AUon\
r
eteri|t))
Derdenne
rfamont
\ Hfobfleld,
V
Olney'
Mitchell
OH>°
1
C„l
y^
l\
Washington
Vftj
Tamaroa Jo
Chesttr
C> *«Sg^
i,
"S^-A.
Bismarck
'
n k*8\ ya2!lt.SterUng
reO^BARDsWic.g^^
^Mineral Pfc ^L
Slurphys
3o
Seymour
I
Bedford
Wo*}
//*$&$
y*
Col ambus
\
Sulllvar,
i\
/
_\
npeni
1
.
[Vol. lxxxi.
Hv
„„ D-?c>.
s
,-.*
^cn
LEBANONIJC.JH^
.
.
3&F„M
fl.OO^'
;
-Jtds'lrtW* 6
tfJV^
Winchester
^
onei Stanton
J>
\c.Oirardean
|PROi
Delta
^S^>
S\»'
^Vi
JpPaduca
^Dexter/^^'
Col
PoplarNv-^T^iC"/
Biurf
o
<
3'chV-
-f
o
^Tiec/]*^
V^-neo-V^^Ii^l
A
H/c,
M^ &P^L?«2&?3±y'
c
—1°Z.
^r
T
<n
/
*•/.
SKaoM
rf»lon
jTujicb^T^sS^w^"*
^Tcelinl
oVichiaTd"
"T£C^^">^GaInesboro
l>&,.1a§rj °:^«Jr*0«#
/\> i^f^Vj&ff**^ ^l^ttfJ^f #^^^^C.._.
>'<?/
j
is^'s
MC
V 4..\
<yWo/e8pofo
»
^-
°Jh
Bobbins^
^ifonterey
3
I
col
^V.
r
™ Dk liagoy
V,8
SftC
°Jeai'
\
Ewej)
£»
ciintou
^
\Hender*oiui
^apiX^M^
}
WEST
[
Middleton
^
C
'^l'l
^Joseph
Pulaski
0/
c^\
V.
riulisant
Plkevl
Gr
.^^JW"
.#
e
^, J|'?^&\.»^. _.:
r
.
t
Stevenson
4UNTSVILL
\HoUy SprsTj
'use
Tujicunibia^TT
(New Albany
M
Lula
W&
—^fliS-Si-lji.
.
DECATUR fini^biySV
r
oOC .
t B»
l/Trent.\nVC
«^
•
/&'
^
'1
A
\Orford
^r^CJf/S PClftrksdale
'1^
Co...
West Point
°*
1
J^>
fl&ftspecy^o^
[Jorinth
1
MOTrlaJ.
y/^B
Bon Air
Bockwood.
U
/»
?
•Shelby XWartrace/'
tf
'
Cy>{2&„
Rives
rcj *- \%J ^CSS*^""
Pa
r°e
l>Po*&!
/*/
tl
^
si
it**"!
\
'
(
July,
;
>
RAILWAY STOCKS AND BONDS.
1905. J
KAILROADB.
For explanation of column headings, Ac,
on tirst page of tables.
Date
Miles
see notes
of
160
Zrtnin.&N. (Con.)— Pen. AAt.lst M.g.dr'n ass'd.o*
Henderson B'geCo —1st M., g.. dr'n at 105 Oe.o*
Naahv. Flor.A Shcft.. 1st M.,g.,a8su.lnl900.Ce.c
So. A No. Alabama, 2d M., gold. 8. f., $2,000,000.
-
1881
ib"5
189
189
189
Oonsol. mort. (for $10,000,000), g., euar.Ce.o*
Impt mort $2,000,000, g. »ia(V. 79, p. 2«97)
Newp &Clu.Br. ist M g .8.f.assu.,gu byPa.RR. F
L. A N.-So. joint M., $7 750,000, red. 907.S.o*Ar
Kentucky Central— MaysvUle A Lex. RR. mort...
0*
New mortgage ($7,000,000) gold Nip
Atlanta Knox v & Nor. IstM., g Ce
Oousol. mort.. gold, $10 000 per mile 17
L. A N - Atl. Kno. & C. Dlv. M., $50,000,000. Us
Lykens Valley— Stock, Rental pays 5 per cent
Macon dt Birming.—1st M., $500,000, gold
Maine Ctmtra U- Stock and scrip i$12,0c0,000)...
let consol. mort ) ($269,500 5s)
o&r
$9,000,000
o&r
5 ($3,265,500 4s)
Collateral trust bonds for Mt. Desert Branch A Bo
Improvem't bonds, "A" A"B,"g.,notM.,s. f. .
Me. Cent. Eu. A. No. Am. refunding mort., gold...
let M. Penobeoot Shore Line RR. Co., assumed.
K. A L. 2d mortgage (for $400,000) assum.BB
European A N. Am. stock, 5 p. c. rental 999 years
Portland A Ogdens. stock (2 p. o. rental. 999 years)
Con M., ($800,000 are 3*38) gu p. & i.end.BB.o
Portland Un. Station M.,eer. "A" & "B" text s. f.
Dexter APisoataquisstock 5p.o. rental 999years.
let M., Dexter to Dover, etc., guar, by end.BB
Hereford Ry stock (rental 999 years)
1st mortgage, guar. p. 4 1. (endorsed)
b Also $22 004,000 In treas'v or pledged for othe
C$36,000.
d $42,000, e $36,000, f $15,000.
OB
49
220
229
228
487
20
97
i
,
|
304
41
"56
48
48
120
109
109
1887
1880
1886
1904
1895
1902
1876
1887
1896
1902
1905
issu
g$4
Outstanding
Value.
$1,000
1.000
1
1,000
1,000
1,000
1,000
1,000
L,
000*0
1,000
1,000
1,000
1,000
20
1896
1,000
100
1872 100 Ac.
100 Ac.
U872
1883
1,000
J
•86 '87
1893
1890
1891
1,000
1,000
1,000
1,000
100
100
1888
1887-9
"l7
17
53
53
Amount
Pai
1881
1.000
1,000
1889
1.000
100
100
1890
1.000
eto See text
24.000
I $93
e8,
and trackage to Atlanta, Ga., 20 miles, which was merged June, 1904;
a connecting line from Jelllco, Tenn., to Knoxvllle, 66 miles, giving
direct line. Cincinnati to Atlanta, was completed in April. 1905
In Match, 1904. the Newport A Cincinnati Bridge w»» purchased. 1t»
$1,400,0(0 bonds beiug assumed. V. 79, p. 1474 The stockholders
will vote at the annual meeting in Oct., 1905, on acquiring the South
<fc Nonh Alabama.
V. 80. p. 472, 1235.
Organization.— Line opened between Louisville and Nashville Nov.,
1859. For securities owned and in sinking fund see V. 79, p. 1478,1 479
Ootitr"l by Atlantic Coast Line. —Late In 1902 the Atlantic Coast
Line RR. acquired a majority of the stock (viz $30,600,000 of the
$60,000,000ouistanding) but the roads are operated independently.
V. 74. p 830. 1038; V. 75, p. 733, 399.
Drv.— ) '83-'87 *88 '89 '90 '91 '92 '93 *94-'98 '99 '00 '01 to *04 1905
P.O. S Nona. 6»tk.5stk.6 5 4 4 None. 3 ^ 4 5 yearly.
6
Bonds.— The Evansv. Hender. dt Nashv. bonds are drawn at 110 by lot
,
1
Bonds— Princi-
INTEREST OR DIVIDENDS.
Size, or
of
Road. Bonds
:*7I
$1,523,000
1,453,000
k 1,996,000
Own. L. A N.
1 3,256.000
Own. L. A N.
1.400.000
5.870,500
m
400,000
j 6,700,000
999.O00
500.000
See text.
600,000
500.000
4,977,000
4,193.500
4,790,500
669.000
450,000
1,000.000
1,300,000
400,000
2,494,100
4,392,538
2,119.000
300,000
122,000
175.000
800,000
800,000
Additional
1. 000.
j $4
When Where Payable and by
Whom.
Rate per
Payable
Cent.
6
F.
g.
6g. M.
5
g.
F.
6g.
A.
5
F.
g.
5 g. F.
4»ag. J.
4
7
4
J.
g.
J.
J.
g.
5g. J.
4g- M.
5 In 1904
A
A
A
A
A
A
A
A
A
A
A
A
N. Y., 71
A.
do
do
do
do
S.
A.
O.
A.
A.
Broadway,
do
do
do
Dividend.
Aug.
8. Y., Orfloe, 13
Wm.
St.
1,
Sept. 1,
Aag.
Apr.
Aug.
Aag.
July
do
do
J.
J N.Y..1.P Morgan ACo. July
Jan.
J.
N. Y., 71 Broadway.
do
July
do
J.
do
Deo.
D.
do
Mar.
do
do
S.
Q.-J.
do
pal, When Dae.
Stock.*— Last
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1921
1931
1937
1910
1936
1936
1945
1952
1906
1987
1940
2002
July, '05, li*%
A J. Boston, Old Colony Tr. July Is 1946
Portand, Me., Ottloe. July 1, '05, 1\
7 In 1904 Q.-J.
Boston, 2d National J Apr. 1, 1912
A. A O.
5 A7
4&4^
A O. i Bank A Portland I Apr. 1, 1912
5
A D. Bost., Am.L.ATr.; Port. June 1, 1923
4.1* g.
A J. Bos..2d Nat'l Bk.; Port. July, 1916-17
A J. Boston and Portland. Jan. 1, 1933
8
I
A A. Boston, Seo. Nat. Bk. Aug. 1, 1920
Feb. 1, 1921
do
do
A A.
5
5
A O. Bangor, Treae. Office. Apr.15,'05,2*
Q.-F.28 Portland, Me. Cent. Of. May 31/05,
2
3 1« A 5 M. A N. Bo8„2d Nat'l Bk. A Port Nov. 1. 1908
4
J. A J. Portl'd, Me., A Boston. J'ne27.Jan 29
July, '05, 2*%
Dover, Me., Othce.
J. A J.
5
July 1, 1929
J. A J. Bos., 2d Nat'l Bk., Port.
4
M. A N. Portland, Me. Cent. Of. May, 1905, 2%
4
M. A N. Boston, 2d Nat'l Bank, Nov. 1, 1930
4
amounts were o wned by the Co. on July I, 1904, viz.:
2 000,
k $100, 000 1 $4,744,000, m $43,000.
5
J.
g.
)
"
ifl
KB.
Lykeua Valley
&. Coal Co.—Owns from Mlilersburg,Pa.,tO
Wllliarastown, Pa., 20 miles. Lease to Northern Central Is terminRental $35,000 per annum.— (V 64. p. 330.)
able on 60 days' notice.
Birmingham By.—Owns Sofkee Junction to La
ITIacon
Grange, Ga., 97 miles; trackage Sofkee to Macon, Ga., 8 m. Since
Feb 1,1904 operated under direction of Ga. South. A Florida offloials
although independently. V. 78. p. 584.
In year 1903-0 1 gross, $132,132; def. under oper. exp., $23,304; int.
on bonds. $25,000, not paid.— (V. 62, p. 1040; V. 78, p 584.)
Owns road from Macon via
lUacon Dublin it Savannah
In Oct., 1904, Atlantic Coast Line
Dublin to Vlaalia. Ga 194 miles
i' terests acquired all the stock and bonds.
V. 79. p. 2095. In year
end. June 30, 1904, gross, $222,878; net. $47,518— V. 8 1, p. 265.
[TIat ne Central
Line of road, Portland to Vanoeboro, Me., via
Augusta. 251 miles; branches, Cumberland Junction to Skowhegan,
via I>wiston 91 miles Bath to Lewiston and Farmlngton, 76 miles
branohes- Belfast, Dexter, Bucksport and Mt. Desert, Including ferry,
(7-7 miles), 132 miles; Portland A Ogdensburg Ry., Portland, Me., to
Lunenburg, 1 10 miles small branches, 7 miles; Upper Coos and Hereford railways, Quebec Jet., N. H., to Lime Ridge, Quebec, 108 miles;
Bath to Rockland (inoludlng steam ferry, 6-10 miles.) 49 miles; total
June 30, 1904, 824 miles, of whioh 395 owned, 388 operated under
999-year leases, and practioally owned; 33 miles operated under 50yeat leases and 8 miles ferry lines.
In Jan., 1901, the entire stock of the Washington County Ry.. 137
miles, was purohased, Its 3 l a p. o. bonds (see table above) being guaranteed, prln. and int., by end; but road is operated separately. V. 77,
p. 2390; V. 78, p. 103, 820, 989; V. 79, p. 2640.
Stock.—8tock for $2,516,000 owned by Boston & Maine. V. 72, p. 988.
Dividends. -1884 to July, 1903, 6 p. o. yearly; since to July, 1905,
&
BR.—
,
RR.—
;
annually In October, for payment Deo. 1 In amounts increasing each
five years until $150,000 per year is finally reaohed
In 1904, $55,000.
The Pensacola Division bonds are subject to a drawing sinking rum'
85.000 till 1900. InoL. then $10,000, and so increasing. Of the bonds,
$175,000 have been drawn for payment on Sept 1, 1905, by payments
to sink, fund due from Sept.. 1889 t 1905, lnel. V. 81, p. 266.
The general mortgage bonds of 1880 are called at 110 in in ireaslng
amounts each year; $364,000 was paid June 1, 1905. V. 80, p. 1174
In June, 1890, the "unified " mortgage (trustee, Central Trust Company) for $75,000,000 was authorized, $41,917,660 bonds being reserved to retire all prior Hens (none of the prior Hens can be extended),
the balance for Improvements, extensions (at the rate of $32,000 per
mile. Including equipment), and for other purposes. The mortgage covers (besides about 2,20" miles of road and equipment) $10,093,300 stock
Of companies controlled, and $3,150,000 bonds free from any lien. See
incL, i % p o. (Q J).
abstract of mortgage In V. 51. p. 613; also V. 72, p 1034, 1188; V. 77,
Bonds.— There are also $81,000 Maine Shore Line 6s, due 1923;
In July, 1905, company reported $5*,8«3,000 outstanding, of also $105,500 Belfast A Moosehead Lake mortgage bonds, due 1920,
p. 968
whioh $4. c-4,000 in treasury, $18,200,000 deposited to seoure the not guaranteed. Interest and sinking fund paid out of rental; And.
coll trust 4s of 1903 and $614,000 In sinking funds or deposited for
& Ken. stook-bonds, $11,000, exchangeable for M. C stock. Jointother issues. See V. 81, p. *65.
lv with B. A M guarantees $300,000 Port Union Station bonds.
Mobile d Montgomery— Louisville <£ Nashville joint mortgage 1b for Also guarantees Washington County Ry. bonds. See above.
$5,000,000, a first lien on 178»a miles Mobile to Montgomery; $1,000,annual Report.— Report for 1903 4 was in V. 79. p. 2640.
000 reserved for Improvements. V. 61.p. 196, 750.
Tears ena.iune 30. 1904.
1903.
1902.
1901.
Kentucky Central mortgage abstract V. 45, p. 372.
Gross earnings. $6,773,560
$6,541,160
$6,194,305
$5,868,547
The collateral trutt 4s of 1903 ($30,000,000 authorized issue) are Net
earnings. .. 1,432,017
1.425.166
1,432.305
1,708.863
secured by deposit of $ 4.0OO.000
unified 4s, $4,779,( 00
153.857
218,061
193,324
92,390
Paducali & Memphis division bonds, the latter covering the Other income..
Net lnoome.$l,650,078
$1,579.1-23
road Irom Paducah, Ky., to Memphis, Tenn., 254 miles; $2,500,000 L.
$1,625. "29
$1,801,253
$643,110
$643,110
$643,110
$604,222
A N Terminal Co. 4s (V 75, p. 1354), $4,221,000 South A North Interest
545,876
545,876
Alabama 5s and $500,000 Pensacola & Atlantic 6«; total $36,640,000 Rents
545,876
592,922
Dividends
bonds. A proportionate amount of the collateral may be withdrawn
(7)348,348
(6)298,566
(6)298,575
(6)298,554
Sinking fund...
29,440
29,440
29,440
29.440
at any time on delivery to the trustee of not less taan $1 000,...
..
200.000
000 of the bonds. Y. 78, p. 1446; V. 76, p 542; V. 78, p. 287 1446. Charged off
In 1902 the Louisville & Nashville and the Southern Railway acBal., surp. .
$108,6*8
$62Ml
$83,305
$76,115
quired $9,796,900 of the $10,500,000 Chicago Indianapolis & Louis(V. 78, p. 103. 820; V. 79, p. 1328, 2640; V. 80, p. 600.)
ville common and $3,873,400 of the $5,0- 0.0<>0 preferred stock in exMane neuter & Law re nee RR.—Owns from Manchester, N. H., to
change for their Joint 50-year 4 per oent bonds. V. 74, p. 1138; V. 76,
Methaen (State Line), 2^H miles. Leased for 50 years from September
p. 593. Of the $15,500,000 Joint bonds seoured by nep >si' of this
1, 1887, to Boston A M tine at rental paying 10 p o dlv
In 1895 a
stock, $1,563,000 are reserved to acquire the remaining "Monon"
dlv. of 50 p. o. paid from proceeds C. A M. suit.— (V 73, p. 1264.)
stoi k and $2,110,000 for improvements and enlargements of the
Manhattan Ry. (Elevated).—Road— Owns all the elevated rail"Monon" at not over $500,000 yearly.
Finances.— Since July 1, 1894, the "construction account" roads in boroughs of Manhattan and the Bronx, N.Y. City, main line
and branches, 37*2 miles, doubled-traoked, with 14 miles additional
nas been closed Amount of permanent Improvements charged In
operating expenses in 1903-4 was $1,746,184; 1902-3, $2,00<»,603 In third track, 8'dings, eto. V. 70, p 176. 633. Late In 1902 began using
el«otric third-rail on entire system. V. 75. p. 733.
Tie elevated porFeb., 1904. dividends on Nashville Chat. & 8t Louts stock ($7,177,600
tion of he Subway fro
149th *t. and 3d Ave. to West 1 arms has
owned) were resumed, and In Feb., 190 \ In reased to per oent.
been operated as an extens on of the system stnoe Nov. 26, 1904,
In 1905 L. A N. dividend rate was inc eased from 5 to 6 p. c.
The stockholders on Mar 28, 1905, authorized a $50,0 0,000 mort- pending completion of tunnel under Harlem River V. 7 », p. 2 >88.
i.EANt;.- The Internorough Rapid Transit Co. leases the road for 999
gage covering the Atlanta Knoxvllle A Cincinnati division, 507 miles,
including 20 mile* of trackage. Of the bonds, an equal amount will yea s from April 1, 1903, guaranteeing 7 p. o. per annum on the stock.
be reserved to retire at uia'urlty underlying bond«, viz.: Kentucky The remaining $4,800,000 stork is not to be Issued prior to Jan., 1906.
V.75. p 12<>2, 1254, 1302; V 76, p. 212; V. 79, p. 24 6; also InterCentral 4s, $6,74 .000; Atlanta Knoxv. a Nor. bonds. $1,-00,000;
Ma^ sville A Lex. Nor. Dlv. bonds. $400,000. The lite fiom Livingston boroukh Rapid Transit Co.. V. 76.p. 101. Guaranty, V 76, p. 480.
Bonds.— Consolidated mortgage (trustee, Central Trust Co.) Is limited
to Jell oo, 61 m is subjeot to prior Hen of unified mort. V. 80, p. 872.
Rkport.— Report for 1903-04 In V. 79, p. 1457, 1471; see also p 1437. on present mileage to $40,000,000, and will provide for prior bond!
Advance stateuent for 1904-05 (partL estimated) was in V. 81 p. 208. when due. Amounts beyond $40,000,000 may be issued for extensions
at the rate of $30o,000 per mile of single and $600,000 per mile of
Tear end. June 30.
1905.
1904
1903
1902
double traok. (See abstraot of mortgage in V. 51, p. 248, and applicaAverage mileage
3,618
3.439
3,327
tion to New York Stook Exchange In V. 52. p. 353.)
Freight earnings
$27,34*, 81 7 $2H,578.621 $22,772,176
To May, 1898, claim* aggregating $8,847,854 had been paid as damPassengers
7,64 3,685
6,217,803
7.044,087
ages to abutting property and other oases were before the courts. See
Mail, express, etc..
l,82fl,671
1,951 291
1,722,278
Chronicle, V 66, p. 954, and V.
789 Personal property tax
Gross earnings.. ..$38. 54 1,672 $36,943. 9 A $35,449,378 $30,712,257 assessment, see V. 66. p. 954; V. 67, p.222; V. 68,
67, p.
p 1282, and V. 71,
Oper. expenses
26,285,864 25,141.548 23,970,813 20.902,438 p 1120, Taxes in litigation Oct., 1903 (other than franchise tax), per
Net earnings
12,255,808 11,80 ',245 11,478,565
9,809,819 balance sheet. $303,000 V. 76, p 212.
Net, incl. lnvs'ts., Ac 13,947,350 13,437,399 12,601,058 10,810,841
Dividends.- ) "89 '90-96 '97 '98 "99 1900 '01 '02 1903
Since.
Deduct—
'88. P.Ct. \ 5 % 6 yrly. 4^ 4
7>*
4
4
4
4
7% y'rly.
Taxes
$9?1,"00
$990,000
$844,474
$832,074 Since
Interest and rent...
In Jan., 1905,
6,502 343
5,184.076
4,987,018
p. c. and % p o. extra for the 9 mos ending Deo
5,613,228
Adv'sto8.AN.A.,etO
123,343
67.700
217,060
125,342 31,1904 1H p c. quarterly to be paid thereafter. V. 79, p. 2456
Sinking fdpaym'ts.
151,000
141100
146.600
144.400
Earnings.— For 9 mos ending Mar 31:
Dividends
.. 6)^.600,000 ( 5)3.000,00 0(5 3.00o.O'
( 5 )2.875.000
Charges Bal. ordiv.
9 mos.
oth.i>'C
Cross.
Nei.
1904-5 ...$9,999,318 $5,831,841 $25H,000 $5,314,785
Burp, over dlvid'ds. $3,5-0 6b4 J3.688.171 $3,^11.048 $1.85o,3o/
$753,056
260,636
5,220,190
1,167,290
6.127,744
Officers.— Chairman, Henry Walters, N. Y.; President, M. H. Smith, 1903-4 ...10,441,583
Louisville; 1st Vice-Prts., W. L. Mapother; 2d Vlce-Pres., A. W. MorDividends payable under lease (5 1* p c.) call for ./.2.893.000 for 9
riss, 71 L'way, N.
(V. 80, p. 2344; V. 81, p. 208, 211, 265.)
mos.
;
;
•
LAN.
LAN
—
i.
ft
,
,
m
Y—
r
.
.
.
.
RAILWAY STOCKS AND BONDS.
372
RAILROADS.
Miles
Date
Size, or
Amount
Par
For explanation of oolumn headings, Ac, see notes of
of
Outstanding
on first page of tables.
Road. Bonds Value.
Maine Oen.f Con.) ap'r Coos RR.stk.,6%rent.999 yrs
1st mort., guar, p. & 1. (endorsed)
Extension M., $21,000 p. m., gnar. p. & l.(end.)
Dexter & Newport, stock, 5 p.c. from Nov. 25, '98
1st M. (old 6e refund, in 1897) gu. p. & 1. end.*
Eastern Maine, stock, 4*2 p. ct., rental 999 years
Wash. Co., 1st M., $20,000 p.m., g.,gu.,end.,red.
Manches. A Law.— Stock.10 p.c.ren'ltill 1937.B.&M.
Real estate bonds (not mort.) int. gu. by B.A M-c
Manhattan (Elevated) Ry ,N. F.—Stook, $60,000,000
Metropol. El. 1st M., $600,000 p.m.,ass'd.g.Ce.o*
N. Y. El. deb., secured by consol. mort. of 1890.
Manhattan Elevated consol. mort., gold.Ce.c*&r.
Manit. Marq. <£ North'n-lBt M., $1,500,000, gold.
Man. <t Pikes' Peak Ry.- IstM., $500,000, g.Mp c
Mar.<t Phoenix <tS Riv.Va.l.RR.—M.& P.lst M.,g..o.
M.&P.A S. R.V.M., g., $750,000 (V.67,p.l 357) Fc
Marietta Ool. a OUvel'a- 1st M $250,000, gold.K
Md. D. dt Ta. -1st M., $2,000,000 auth., g., gu. p.& i.
Maryland A Penn.— York & Peach Bot. mortgage..
.
55
22
33
14
14
19
137
22
"37
18
32
32
53
9
34
43
49
78
40
84
1st mort., $1,200,000, gold, call at 105.MeBa.o*
84
Ba. .
Ino. M., $900,000, 4% cum., call at par.
Mason City <t Ft D.— IstM., $12,000,000, g.Ce.e&r 378
37
Massawippi Stock guar, samediv. asConn.&Pass.
23
Meadville Oonneaul Lake <£ Linesville 1st
Mexican Central—IstM. (unassented) inolu. scrip
Priority bonds, gold, red. at 110
Consol. mortgage, $32,000 per m., gold.BB.c*&r 2,689
1st cons. Inc. <fe sorip.n.-cum. ($9, 600p.m. ) ,g. A Bo* 2,689
2d con.inc.$6,400p.m.red.at50% to Aug.'29A Be* 2,689
M
—
—
M
Registered Income bonds and scrip, unassented.
bonds, g., sec. by cons. 4s, call par.MStc*
Coll trust notes, $10,0<>0.0o0 auth., text.
Ooll.tr.
$100
1890
1890
1,000
1,000
100
1897
"Too
1904
1,000
100
1892
1,000
100
1878 * & $
1886
1,000
1890 l.OOO&c
1902
1,000
1891
1,000
1886
1,000
1895
1,000
1900
1,000
1905
1,000
1882 5u, &o
1901
1,000
1901
1905
1,000
1,000
100
1891
1881
1889
1889
1889
1889
1881
1902
1904
1,000
1,000
1,<00
1,000
1,000
1,000
1,000
1,000
Manhattan By.— (Coneluded.)
Bond*-- Prinu.INTEREST OR DIVIDENDS.
pal,When Due.
Rate per When Where Payable, and by Stocks—Last
10
4
7
500,000
540,000
78,000
250,000
5
6
&
&
&
J. A
M. A
M. &
6
4
1,000,000
274,000
55,200,000
10,818,000
1,000,000
28,065,000
1,100,000
2,000/00
Whom.
Payable
Cent.
$350,000
350.000
693,000
122,000
175,000
200.000
2.500,000
41*
5
4
4l«
Siflg. J.
Dividend.
N. Portland, Me., Office. May, 1905, 3%
N. Bost., 2d.Nat. Bk.; Port. May 1, 1930
N. Portland, Me., Office.
May 1, 1930
M.
M.
M.
J. Iteas'rs Offioe,Portland
S. 8eo.N Bk.,Bos.APortl.
N. Rockland, Me., Offloe.
J. Treas.off., Portland.Me.
&
July.'05,2i«%
Sept 1, 1917
May, '05, 214%
Jan. 1, 1954
A N. Manchester and Boston. May 1, '05, 5%
& J. Boston, B. & M. RR. Jan. 1, 1922
Q.-J.
N. Y., 195 Broadway. July 1, '05,1%
J. & J. N. Y., Mercantile Tr. Co. July 1, 1908
M. A 8. N. Y., Mercantile Tr.Co. Moh. 1, 1916
A. & O.
do
do
Apr. 1, 1990
M. & N. Union Tr. Co., Detroit. May 1, 1952
A. A O.
See text.
Oct. 1, 1909
M. & N. N.Y.,Farm. L. &Tr. Co. Nov. 1, 1916
M. A N.
do
do
Deo. 23, 1925
M. A N. N. Y., Knlck. Trust Co Nov. 1, 1940
F. & A
Feb. 1, 1955
M. A S. 1st Nat. Bk., York. Pa. Apr. 1, 1932
M. A S. N.Y.,Brown Bros. ABalt Mch. 1, 1951
do
do
A. A O
Apr. 1, 1951
New York.
June 1, 1955
J. & D.
P. A A. Boston, S. D. & Tr. Co Aug. 1, '05 3%
J. & J. Mer. Nt. Bk., Meadv.Pa. July 1, 1921
J. & J. Boston.SafeDep.ATr.Oo July 1, 1911
July 1, 1939
J. & J.
do
do
July 1, 1911
J. A J.
M.
J.
1*
4g.
5g.
g.
t g
t g
5 g.
-
202,450
5
900,000
4g.
900.000 4 In 1903
12,000,000
4g.
800,000
6
200,000
5
275,000
(7) 4
Bee text.
,5g
66,897,000
2 g July 10
20,567.000
None paid.
g
11,282.000
do
I
359.200
do
July 1
3
10,000,000
4iflg. P. & A. St. Louis & New York.
10,000 000
J. & J. N.Y.,oo*soffl ,25Br'd8t.
6
Jan. 10. 1939
Jan. 10, 1939
July 1, 1911
Feb. 1, 1907
Jan. 1, 1907
In 1905 $12,000 0004 p.o. bondswere sold. Compare
Chlo-GreatWest Ry. andV. 73, p. 566, 616, 722; V. 77. p. 640. V.78, p,
1782; V.80, p 2621. In year ending June 30, 1904 (252 average miles)
future coupons.
Annual Report—Report
731, and
[Vol. lxxxi.
for vear 1903-04 was given
report for year ending Sept. 30, 1903, in V. 77, p.
InV. 79.
1872
p.
Year endtng June 30—
1902.
1904.
1903.
gross, $937,054; net, $226,719— (V. 80, p. 1363, 2399, 2621.)
Oroee earnings
$14,187,683 $12,208,337 $10,665,911
Maasawtppl Valley By.—Provinoe Line to Lenoxvllle, Que., 34
Net over operating exp
6,747,540
5,147,326
8,341,631
with branch. 3m; trackage to Sherbrooke, Que., 3m.; total, 40
Other income
625,800 miles, Leased for 999 years from July 1, '70, to the Connecticut A Pas346,859
341,505
miles
Interest, rentals and taxes
2,699,671
2,893,412
2,820,859
sumpsic Rivers RR. Stook, $800,000; par of shares $100; dividends
Dividends
(4 )1,920,00
( 7>3.876.503( 6 *)3.5 46.000
pavable Feb. and Aug. 1. Dividends formerly 5 p. 0.; 6 p. o. since
Bal. after dividends ..8ur.$l,9l3,221 sur.$727,544sur.$l, 153,455
Jan. 1, 1897. Of the stook. $400,000 ownedby the Conn. & Pass. River
Yr.8ep.30. Passengers Yr. Sep. 30. Passengers. Yr.Hep.30. Passengers. is deposited under Its mortgage and $50,000 is represented by
1898-99.. 177,204,558 1900-01.. 194,152,316 1902 03.. 255.5C5.390 Connecticut Trust A Safe Deposit Co. of Hartford 5 per cent trust cer1899-00.-183,788,851 1901-02. 223,427,283 1P03 04.. 289,637,600 tificates. (See Supplement of Ootober. 1901.)
—(V. 78, p. 989, 1781; V. 79, p. 731 2205, 2456, 2588.)
Meadville Conneant Lake A Llnesville.—Meadville to LinesManlf-tlqne
qnetto A Northern BB.—Manlstlque, Mloh., viile, Pa., 21 miles, and branohes, 2 miles; total, 23 miles. Leased to
on Lake Michigan, northerly to Shingleton, on the Duluth 80. Shore & June 8, 1989, to Pittsburg Bessemer & Lake Erie RR.; rental, 25 per
oent of gross earnings. Stook, $200,000; par, $50.
Atlantic, 40 miles, with branch to McNeil's, 13 miles; V. 75, p. 185.
Operates car ferries between Manlstlque and Northport and ManlsMexican Central By. Limited (Mexico).— (See Map.)—Optlque and Ludington on Pere Marquette RR.. the latter operating the erates Mexioo City north to Juarez City, with branohes, viz.:
Miles.
Owned road with light or purchase. V. 78, p. 2012; V. 74. p. 776; V. 76, p. 810.
Miles.
OwnedStocks, Bonds, Etc.- Stock, $2,000,000, all outstanding. The un- Mexioo City to Juarez City . 1,224 Jimenez to Rosario
96
issued 5s of 1902 (authorized issue of $1,500,000; Union Trust Co. of Mexioo to Rio Balsas
181 Other branohes
386
Detroit, mortgage trustee) are applicable to an additional car ferry,
Leased—
407
Chicalote to Tampioo
equipment, improvements, etc. V. 75, p. 185. For year ending Dec. 31, Tampico to Trevlno
370 Mexioo Union Ry
11
1903: Gross earns., $130,936; net, $1,890; int on bonds, $51,667; def., Branch, Irapuato to Ameoa . 217 Bar extension (Tampioa to
LaBarra)
$49,776. Pres., E. F. Blomeyer; Sec, J. Goldba am.— (V. 78, p. 201 2.)
6
Branch, Guadalajara to Tux120
pan
Manistee A Grand Baptda KB.—Manistee to Hartwlck, Mich.,
Total July 1,1901
138
3,155
63 miles; Filer City to 8ands, 2 miles; total. 65 miles. Extension San Pedro to Paradon
from Hartwlck to Marion, 10 miles, will be completed during
In Jan., 190\ an extension was proposed from Leoheria, Bear City of
1905. Extension projected rrom Manistee to Grand Rapids, 1 16 miles.
Mexico, to near Tampioo. 225 in., Including the Paohuoa Zaeaultlpaa
In Oct., 1904, 1 hi< ago partif 8 secured control. V. 79, p. 1642. Stock A Tampico Ry. (purchased), Sandoval to Apuloo, etc., about 62 miles,
authorized, $1,000,000; outstanding, $4?<0,000; par or shares, $100. the unconstructed portion carrying a subsidy in 5% Mexioan GovernBonds, $100,000 first 5s, due annually 1902-05. For year ending June ment silver bonds at $ 1 0,000 per mile. An extenlon is fclso pro30, 1904, gross, $97,325; def. under oper. exp., $3,474; total deducThe Coahulla A Pacific
jected to Aoapulco. (V. 75, p. 981, 1203.)
tions, $8,042; bal., def.. $11,516
President. J.Crocker, Chicago, III.;
RR Saltihoto Torreon.Mex., 200 miles, was acquired in 19*5. V.
Vlce-Pn s. and Gen. Mgr., Max Toltz.; Sec, W. M. Simpson: Treas., B. 80, p 1856. See Stock below. In June. 1905, obtained an o tlon on
O. Sammons. Office, Manistee, Mich.— (V.79, p. 2588.)
majority of stook of Mexioan National Construction Co., owning road
Manzanlllo
1TI a niton
& Pike's Peak By.— Manitou, Col., to summit of from Zacateoas to Ojooallente, 30 miles, and V. hi, p. 31. ta Colima, 59
Pike's Peak, 8 9 miles, standard gauge.
Operated from April to No- miles. V. 79, p. 1957; V. 80, p. 1172, 2621;
vember, yearly. Stock, $500,000; par of shares, $100. In Apr., 1905,
Organization.— Incoij orated February 25, 1880, under the general
all coupons due had been paid. For year ending June 30. 1904, gross,
law of Massachusetts, and also holds a charter from the Mexioan Gov$108,1 10; Det. $58.«61 total deductions, $26,993; bal., 8ur., $31,868.
ernment. Debt readjusted in 1889— see V. 48, p. 191, 292, 327. See
President, C. W. Sells. Offloe, Manitou, Col.— (V. 71, p. 646.)
also Mexioan Cent. Ry. Securities Co., Limited, below. In Mar., 1901,
Maricopa A Phcenix A Salt Biver Valley BB.—Maricopa a syndioate headed by H. Clav Pleroe of 8t. Louis aoqulred a majority
of the stook. V. 72, p. 627. 873; V. 75. p. 29; V. 77, p. 299. 401.
to Phoenix, Ariz, 36 miles; Tempe to Mesa, 7 miles; total, 43 miles.
Subsidy.—The balanoe of the subsidy trust fund In the hands of the
8tock. $1,000,000; par, $100; of which Southern Pacific Co. owns
trustee for the payment of Interest, if needed, on 1st oonsol 4s, on
$510,000. Bonds, see table above. V. 67, p. 1357.- (V. 77, p. 2280.)
386,000 of priority mortgage bonds at
30, 1904. consisted of
Marietta < <>1 unibux A Cleveland BB.— Owns from Moore's June $4,797,914,and $1,837$4
cash. The fund was drawn upon during
Junction to Palos, Ohio, 4208 miles: branches, 7-42 miles; trackage cost, mos. ending June 30, 1904, as follows: to pay Interest in year
the 18
to Marietta, 320 miles. V. 71, p 810,1012. Stock, $250,000. For
Jan., 1904, interest, $1,325,160; July, 1901, Interest,
year ending June 30, 1904, gross,$74 426; Det, $11,675; total deduc- 1903. $450,000;
$13^7,560; depreciation In value of securities sold, ete., $146,301;
tions, $16,131; bal., def.. $4,456.
Pree., D. I. Roberts. N. Y.; Treas.,
total deductions, $3,249.021
James T. Blair. Greenville, Pa.- (V. 75, p. 793.)
mile or $100,000.090 in all; outatand.,
Stock.— Auth.,
Maryland Delaware A- Virginia By.— Operates Queenstown $48,695,100, par $32,000 perstockholders May 3, 1905. authorized the
$100. The
Md., to Lewes, Del., and Rehoboth Beach on Atlantic Ocean, 60 miles
00 stock in part payment for the Coahuila Jfc Paclfle
of which Lewes to Rehoboth, 6 miles, Is Pennsylvania trackage; issue of $625/
limit of stook as above. V. 80, p. 1479, 1856. 2458.
br* nches. Queenstown to Centerville.6mlles, and Queenstown to Love RR. and increase d
Bonds.—Of the authorized issue of $8,000,003 priority bonds $1,Poi nt, 12 miles; total, 84 miles. Also owns 14 steamers running
oetween Baltimore, Washington, points on the Potomao River, the 403.000 were paid off with proceeds of subsidy collections, and
Rappahanock Biver, Patuscent River and Norfolk. V. 79, p. 1642, canceled in 1891; $1,000,000 was issued in 1904 for additional
rolling stock; the balanoe, $5,597,000, was held as an investment by
1704, 2589; V. f-0. p. 600
Stock, $3,000,000, of which one half part 4 p. c. non-cumulative; par the trustee of the consolidated mortgage, but of this $1,211,000 was
of share*, $100 each. The Baltimore Chesapeake A Atlantic owns a withdrawn to pay, In connection with the balanee of the subsidy
fund, the July, 1904, coupon on the oonsol 4s. See V. 52, p. 890; V.
majority of the stock and guarantees bonds. V. 80, p.711, 1058.
in Chronicle,
abstract of
Maryland A Pennsylvania BB.— Baltimore, Md., to York, Pa 79, p. 103. (Seeincomes are mortgage and seoured by V. 49, p. 177.) to
ome Indenture
non-oum.
Both series of
eO miles, with branch, Delta to Peach Bottom, 4 m. V. 72, p. 339.
First inoomea received 8
0.
A T. Co.
Stock and Bonds.— Stock authorized, $3,600,000, of whioh $1,997,- the American L. 1891 and of Boston. slnoe. V. 72, p. 627. 889. p.
1892 none
500 reserved for future requirements. In 1902 the authorized Issue of Interest In 1890,
In 1904, In addition to the $66,897,000 oonsol. 4« shown above,
the first 4s wae reduced from $2,700,000 to $1,200,000, of whioh
had been certified by the trustee, of whieh $16,129,00*
$203,000 are reserved to retire the York and Peach Bottom 5s and $33,341,000 collateral for 4*$ percent bonds and about $16,000,00«
$97,0O0 additional for future purposes, Ac. V. 74, p. 94, 427; V. 79, p. were held as
for 6 p. o. notes of 1904. V. 79, p. 267. See Mex. Securities Co. below.
2205. Paid on Incomes 1901, 8 p. o.; since to 1904, lnol 4 yearly.
Dj February, 1902, the company Is »ued $10,000,000 collateral trust
Earningb-3 moe. S1905
Gross, $85,002; net, $27,890 5-year 4>« per oent bonds, seoured °y $16,129,000 consolidated 4s,
Mar. 1 to May 31.
i 1904.
Gross,
7( ,68«; net, 20,0*5
held in the treasury, the proceeds of whioh were used to retire the
Surplus over charges, $16,390. against $11 ,420 in 1904.
payment of Monterey A Mexican Galf RR.,
Report.— Report for year ending D*o. 31, 1904, in V. 80, p. 651,711, $6,000,000 notes issued Into 137-mlle extension of that road to mala
the balanoe to be applied
showed: gross, $310,305; net, $89,923; Int. on bonds, etc., $82,786; line, payment of about $2,000,000 floating debt, improvements, eto.
bal., »ur., $7,138. Pre*., John Wilson Brown.— (V. 80, p. 711, 1235.)
> 4
See V. 73, p. 957; V. 74, p. 205, 728; V. 75, p. 29.
Mason < Hj A Ft. Dodge BB.-rA>« Map 1 hieago Great
In July, 1904, $10,000,000 6 per oent 2ifl-yr. notes wera sold to pay
Western.)— Owns roan Ironu Oelwein, la., to Council Bluffs, 260 miles; the floating debt. They are secured by deposit of about $16,000,000
Hsyfleld, Minn., to Clarion, la., 100 m.; branches to Lehigh and Coaloonsol. 4s, $2,500,000 Tampioo harbor bonds anl $1,200,000 priority
ville, la., 18 m.; irackage, Council Bluffs to South Omaha, 7 m.; total,
«
bonds. V.79. p. 103, 269, 627.
385 miles. The Chicago Great Western owns the entire $20,000,000
>0 of 5 p o. two year notes were issae* for purIn 190 < $2,0i)0
common stock and In July, 1905, proposed to acquire the $14,000,000 chase of the Coahuila A Paoiflc RR sscured by pledge of securities
n on -cum 4 p. c. 1 ref. stock, and operates the road as part or its main of latter. #3.000,000 Mex. Cent, lnoomes and 4 ». c. banda The notes
line to Omaha, nnoer an agreement dated Apr. 1, 1901, running for
will be liquidated by oash payments and $625,00) as«f stock. V. 80,
100 years. »nd lat- r Dodifled, which provides that the Mason City A p. 1653.
Ft. Dodge shall receive 60 p. c. of all earnings from business interDrpobits.— In Jan 1905, a large amount of 4 p. 0. bonds had been
changed. Any surplus of net earnings after payment of interest on deposited at tne request of Kutm Loeb & Co., Speyer A Co. of New
bonds and pref. stock is to be held In trust by C. G. W. for payment of York, and Speyer Bros, of London,? V. 78, p. 1962, 2012; V. 79, p. 2588
.
|
'
,
Mm
...
.
,
-
;
,
;
,
.
,
July,
1905.]
RAILWAY STOCKS AND BONDS.
373
r
.
.
.
RAILWAY STOCKS AND BONDS.
374
RAILROADS.
For explanation of column headings, Ac,
on first page of tables.
Date
Size, or
of
Miles
of
see notes
Par
Road. Bonds Value.
Mex. Oent.—{fJon.)- Col. tr. noes for Coah. & Pao.
Equipment 5s, $50,000 rei. yearly at par
do $50,000 yearly); re 1 102*«beK.*lOOR....o"
Mex Mineral 1st M., $500,000, g., red. HO.s.f.Mo
16
Mex. Int.— Ft. lien,£l,200,000,red.atpar.Un.xo*<fcr
615
1st con. M., $16,000,000, g not guar.Mp xo*&r
880
Do
880
g., gu. stp., sub. to call 95 to Men., '07
Income 4% bonds (no mort.) non-cumulative
Mexican National Bee National BR. or Mexi CO.
Mex. No.— 1st M..U. 8. gold, s.f. not called Mo.o\fcr
83
Mexican Railway, Limited— Ordinary shares
1st preference stock, 8 percent
2d preference stock, 6 per cent
Perpetual 6 per cent debenture stock
321
Mexican So. Ry., Lim — Ordinary shs., £1,000,000.
,
2d M.
4% deb.
stock,
G
.
bonds without coupons.
do
M.
C. 1st mort on Grand River Val. RR. I)n
o*
1 st mort. on Kalamazoo
8. Haven. ITn .r
M. O 1st M. Term. $1,500,000 (V. 64, p. 886) .c*r
Mich. cent. 1st M. on Jack. Lane. Saginaw, g ,e'<fcr
Jack.Lans.& Sag. stock, 3 p.o. y'rly, guar.by end.
MC
&
39
.
350
^
Grand River Valley stock, rental in perpetuity.
Bay City & Bat. C. 1st M., g., gu.p.A 1. end.Mp..o*
Bat. C. & Sturtfs 1st M., g., gu. p. Ai. end.Mp.o*
North. Indiana 1st M., guar. p. Ai. (end.).o
Middletown Vn.dk IF. Gap— IstM., ext.ln'86
o*
2d mortgage, int. guar. ext. in 1896 (see text), .c*
a Exclusive of $697,000 held by sinking fund.
45
13
Joliet
41
iz
&
Earnings.—Mexican
our.
K$i
'04-5. Gross, $23,851,888; net, *7.'-34.354
)
1 to
earnings below are Mexican currency; all other flgrures tr. S currency
Mexican dollars averagfd 43-72 ots. in 18 mos. end'.i g June 30, 1904,
42-16 ots. In calendar year 1902 and 47*82 ots. In 1901
Cal. year
02.
'
Gross earnings (Mex cur.). ..$21,182,827
Operating expense*
16,170.021
Net earns. (Mex.
do
do
cur.).,
TampicoHarb
Co.bds.
Withdr'n from subsidy fund
c
30, Ot.
18 mos. end
Juk'S'.'Oi
I 3.48t,158
18,941,206
10,>0-«,774
*8.9i0,»79
$6,123,149
2,698.650
1,6 9,896
$9,607.52'
4.178,452
$.i8,64-i.50?
MONTHS ENDING JURE 30, 1901.
CURRENCY
inductions- (Concluded) —
$S,f»7
Amt ret'd to onb'y f und MS.
(U. S.
$4,178.45
8,597
Net earnings
Balance from 1902
mos. end.
Ju
fs>5.e64,8S4
2,613 881
18
yur
19<>3.
|5.fi6 ,806
(0.8. our.)..
INCOME ACCOUST FOR
Int.on
Cat.
i
807,536
8.102,720
>
& premium account.
Miscellaneous loie'e»t
7^,845
Deficit
B md sect.,
incl. dlsc't. etc
49*. 269
627 4H4
.
Total
6(0 i0
$7,492,294 Amt. from Inc. for oinot 4c
Deduct—
33rJ,*68
Int. on equip, trust notes
Tampico Harb. Co.rent.scct. $241,782 Betterments A lmprov'm'ts
428 33
Int.on equip. A col f>)5 bonds
114 376
Int. on collar. 4-*.;*; bonds....
675."(H)
Total deductions
$',40 .294
Int. on tnortuage bonds
3.992853 Balance
None
Chairman of Board, H. Clay Pleroe Pres't. A A. Robinson.
Executive Committee H. Clay Pierce (Chairman of Board), A.
Robin
son, K. H. Prince. C. n. 8lmpson, Bben Rlohards. K. N Foss
Office, 25 Broad St, New York. Directors, May, 1904, V 78, p. 2012.
(V.80, p. 159, 163,220, 1059, 1174,1424, 1479,1856,2458)
Mexican Central Ry. Seen rlite* Co.— Formed in 1899 (V. 68,
p. 331) to acquire the 4 p. c. oonsols of Mexican Central Ry.
Each
$1,000 bond deposited was exchanged for £102 "A" and £102 "B"
debenture 4 p o stock, both secured by the same deed of mortgage to
Right Hon. Lord Hlllingdon, Right Hon. Lord Revelstoke and H
8mlthers, trustees. Issued £3,848,460 eaoh of "A" and "R;' interest
on "A" is payable Jan. and July 15 in London; on '-B" same, if
earned, otherwise cumulative; par, £100.
Frederick M. Spankle.
Secretary, 3 Gracechurob Street. London, E.
(V. 68, p. 331, 524.)
.
;
A
—
W
C—
Mexican International RR.— (fee Map,
page 383) -Owns
from Eagle Pass, Tex. (on Southern Pacidc), and Ciudad Porflrlo Diaz,
via Torreon. on Mexioan Central, to Durango, 540 oj., with branches,
90 no.; Reatato Monterey, 72 m.; branch to Tlahualllo, 43 m branch,
Durango to Tepehuanes via Santiago Papasqutoro 135 m,; Carbon
branch, 4 in; total, 884 miles. Extension proposed to Mazatlan, on
the Pacific Coast. Organized under laws of < 'onnectlout.
In April, 19"2, control of the road ($15,786,100 of the stock and
all of the $4,499 000 Income bonds) was taken over by the National
RR. of Mexico as per plan V. 73, p. 784. See V. 76. p. 1192.
STOCK. -Authorized $25,000,000; Issued July, 1905, $20,708,200.
Bonds.— In 1897 reorganized. Of consol. 4s $2,497,000 were lm
Jan., 1905, reserved for extensions at $10,000 per mile and Improvements. The total issue of oonsols ie limited to $16,000,000.
The National RR. oi Mexico under agreement of June 30. 1902, has
stamped $6,470,000 of the consols as guaranteed, principal and Interest,
these being also subject to call at 95 and interest on or before Mar. 1,
1907. V. 75, p. 185 Of the consols, $3,000,000 are deposited as collateral for the National RR of Mexico 5 p.o. notes. V. 77. p. 769
Prior lien 4^8, see V. 65, p. 151. 1071. Consol. 4s of 1897 listed on N.
Y. Stock Exohange Feb., 1898. 8ee application in V 66. p 34 1
Dividend on incomes, 4 p. c, was paid for 19u2 to 1904, Inclusive.
EARNiNG8-Mex. our'cy ) 1905 ... Gross, $2,717,159; net, $1,041,512
Jan. 1 to May 31,5 mos. $ 1904... Gross, 2,989,146; net, 1,271,145
Annual Report.— Report for year ending Deo 31, 1904, was given at
length In V 80, p I9R9, U76; see also editorial, p. 1946. In 1904, gross
on average of 880 miles, $6,891,197 (Mexioan ourrenoy); net, $2,743,742; In U 8. money, net. including other income, $1,280,425; Int. on
;
bonds, *551,510; n lso llaneous (net) items, credit, $'2o,8"4: interest
on incomes, $179,960; bal., surplus, *56-»,839. Pr.
E N Brown.
N. Y. office. 30 Pine St.- (V 78, p. 2016; V. 80 p. 1969, 1»7«.)
Mexican National RR.— See National RR. of Mexico.
Mexican Northern Ry.—Owns from Esoalon, Mexloo, on the
Mexioan Central Ry., to Sierra Mojada, 83 miles, all steel.
Stock.—Capital stock is $3,000,000; par of shares « 100; see appll
cation for listing on N. Y. Stook Exohange in full, V. 64. p. 619.
Dividends...* '92. '93. '94. '95 '99. *00. '01 '02. '03 None
Per oent
5
6 4 yearly.
5
4*3
6*v
2
Hj Since.
6*a
Bonds.— Mtge. $1,660,000, of which $621,000 in sink. fund,Dec'o3.
Annual Rbi*ort.— Earnings as follows in U. S. currency
Tear.
Other inc. Charges
Cross.
Hivid.
Net.
Surplus.
1903-04.. ..$269,' 25 $149,528 $41,033 $114,257 $15,000 sur.$bL,304
190.2-03.
r>0 00
200,888 D7.347 30,849 110,056
def $31,860
1901-02. .. 262,149 124,753 34,597 112.707 105,000 def. 58,357
—(V. 70, p. 280: V. 72. p. 681. 1011; V. 74. p 1089: V 77. p 2098
Mexican Ity.— Mexican Southern Ry —See Sec for Apr.. 1905
Michigan Central KR.-^ti. Map adjoinxng Sew lorh Central
page.)— Line of Road.- Main line- £enslngton to Detroit, 270 miles.
and Windsor to Suspension Bridge (Canada Southern), 226 miles;
,
—
.
g.
g.
4
•
>
F.
g.
for
1,000
May 31 ill mos.) S '03-4..Gross, 23,898,537; net, 5.891,811
Annual Report— Fiscal year changed to end June 30. Report for
18 mos. ending June SO, 1904, was In V 80. p 159, 220. The gross
July
6
4^
M.
M
M.
See
& O.
A O.
A A
& S.
A S.
& S.
01.Col.T.Co.,Bos.&Lon,
do
Apr.
do
Oct.
Morton Trust Co.
London. Speyer Bros.
N. Y., Speyer A Co.
do
do
Aug.
N. Y.,
Sept.
Sept.
Sept.
1,
1,
1.
1,
1,
1,
1917
1919
1919
1947
1977
1977
1,
1910
04 Sept. 1 Own*dbyNa.RR.ofMex.
6g.
J.
text.-
M.
&
&
&
D. N. Y.,
82 Beaver Deo.
office,
N. Glyn, M. C.
& Co.,
Lon. May26,"'05,2ia
6
J.
J. Glyn, M.C. & Co., Lon.
Perpetual.
8ee text. See text
Checks mailed.
May 25,'05,2>s
4
F & A.
4 in 1905 J. A 3. N. Y. Gr. Cent. Station. July29,v0'5,2%
3iflg.
M. & N Reg.at G O.S; op.atG.T. May 1, 1952
4
J. & J. Rg.atG.O.S.; cp.atU.Tr. Jan. 1, 1940
M. A S. N. Y., Union Trust Co. Moh. 1, 1931
Q.-M. NY^GrMCent. Station. Mch.
& S. N. Y., Union Trust Co. Sept.
I
\
M.
M.
6
5
4
g.
J
M.
3>*g.
3V,
M.
t
"84
18
.
-
a963.000
£2,254,720
£2.554,100
£1,011,960
£2,000,000
£1,000,000
1896
£589,26*
100 cl8.738.000
1902 l.OOOAo 13,000,000
1890 1,000 Ac 2,600,000
1881
1,000
1881 l.OOOAo I 4,000,000
•79-'86
1,000
1,500,000
1889 l.OOOAo
700.000
1896 1,000 Ac
725,000
1901
1,000
1,800,000
100
1,800.000
100
491.200
1.0O0
1889
250,000
1889
1,000
421,000
1877
1,000
800.000
1866 100 Ac
150,000
1871 500 Ac
250.000
00
add'l in sink. fd.
c
84
A.
A.
f g
5 g.
£10
£10
£10
£10
270
115
152
152
1st mortgage, $18,000,000, gold
0**r
M. C. Michigan Air Line, 1st mortgage. Tin. o<kr
M.C.lst M. on Det. A Bay City ($4,000,000). Un.o
do
1890
228
£600,000 red. at par, 90 y'rs
Michigan Central— Stock
5
4,499,000
,
—
Bonds— Prrnol.NTERE8T OR DIVIDENDS.
pal.Wben Due.
Outstanding Rate per When Where Payable, and by Stocks— Laet
Cent.
Payable
Whom.
Dividend.
Amount
1905
$2,000,000
1897 $i,6oo
65O.000
1899
1,000
700,000
1899
b 340,000
1897 SlOO&c 5,850,000
li-97 $500Ae.
736,500
1897 500 Ac
6,470 000
i
[Vol. lxxxi.
5
! g
8
-
J.
J.
J.
&
&
&
A
&
&
A
Nov.
J Rg.atG.C.S.;op.atUTr. July
S. Rg.atG.O.S.; cp.atG.Tr. Sept.
N. N. Y., Gr. Cent. Stat'n.
8.
N. Y., Gr. Cent. Station.
Marl,
'05.
1%
July,*05,2i«%
Jackson, Mich.
D. N. Y., Union Trust Co. Deo. 1. 1989
J.
D.
do
do
J 10-J.lO N. Y., Farm. L. A Tr. Co.
M. A N. N. Y., N. Y. Susq. A W.
5g.
do
5
J. A D.
do
Of which $16,814 .300 held by N. Y. C.&
"
1931
1909
1939
1941
1951
1,
1,
1,
1,
1,
Dec
I
1989
1,
July 10. 1907
Nov. 1, 1911
June
1910
1.
H. R. RR. Co
main line. 496 miles. Branches owned and leased, 1,143 miles;
trackage (LU. Cent.) into Chicago under perpetual lease, 14 miles; total,
January 1, 1905, 1,653 miles There are 396 miles of second track;
and 1.147 miles of side tracks. In Feb., 1902, Jointly with Lake Shore
& Mich So took over Detroit Toledo A Milwaukee RR Alleean to
Dundee, Mich., 133 miles. V. 74, p 379; V 76, p. 1026. The operation
ot 8t. Joseph South Bend & Southern South Bend to Sr. Joseph, 36
miles, lea ed to IndUoa II & Iowa, was assumed Apr. 14. 1905.
The Mich. Cent, and the Lake Shore are building a connecting line
from a point outside of ChleaKO to 'anville, III., 100 mils, at a connection with the Big Four, to be completed in the fall of 1905. V. 80,
p 1913.
In June, 190V the Ml h. Cent, and Canada So. were preparing to
build a third rail ele< trio tunnel road under the Detroit Kiver from
Windsor, Ont to Detroit. Mich., about 2 milesjlong, un ier the charter
of t»>e Detroit River Tunnel Co., to cosd be /ween $4,000,000 and
$10,000,000 V. 80, p. 2343.
Organization, leases, <sc— Re-incorporated under general law In
Deo., 1901, V. 78. p. 1208
The N Y. C. & H R RR Co in April, 1898,
gave $115 In its 3^ per oent lOO-year gold bonds for $100 In stook.
and so In 1903 held $16,814,300 of the $18,738,000 stook Issued.
Canada Southern New Contract.—See that company.
Dividends. ) '83 '84 '85-86 '87-89 '90 '91 '92-94 '95 to Julr.'OS
Per oent— | 5
3
nil.
4 yearly 5
5 5»a y'rly
4 yearly
Bonds.— Baltic Greek <£ Sturgi* bonds for $500,000, but of this $79,000 was sub-guaranteed by the Lake Shore A Michigan Southern, 7
miles of the B. C. A S. Deing operated by that oompany The $1,800,000 3^)8 of '901 are a tirst mortgage on the Jaokson Lansing A
Saginaw RR., 350 miles ( V, 73, p. 1061; V. 76, p. 1027.) Of the$18,000,OnO 8!as of 1902 $10,000,000 were sold to retire first 5s and 7s, $3,000,000 additional being sold; $5,000,000 reserved for additions,
etc. V. 74, p 7-Z8; V 76. p. 102; V 77. p 1874.
The Detroit River Tunnel bonds (see above) will be jointly guaranteed by the Mich Cent, and the Canada Southern.
Earnings— For 6 mos ending June 30 (1905 partly estimated):
total
.
I
.
6 ".us.
19>6
1804
GrO'S.
A'.f.
Oih. inc.
C'h'trg't.
$>0,e7«,8''l6
$3,152,7*4
10,4n6.47Z
a,lH,*i6
lUH.ttSo
19,000
$1.857.10fl
1,80 ,885
Hal.,mr.
$«7.138
8-4.780
24,711
Divia'd
$3
«,7
Annual Report.— Report for 1904 was
In V. 80, p. Is52.
1903.
1904.
1902
$21,492,945 $22,552.20 $19,045,083
18 L152 : 6«8_ 18,862,3^0 1 5,467,504
$3,340,277 $3,6 9,881 $3,577,679
3.744,813
3.631,592
3,40j,748
f-41,810
166,310
184,310
2.026,468
1,978,642
1,989,663
(4)749,520 (4)749,520 (4)749.520
Year ending Pec. 31.
Gross earnings..
Op. exp and taxes
Net earnings
Net, lnol'g other lno
•Rentals paid
Interest on debt
Dividends
Surplus
$495,253
$361,126
$123,255
•Includes Oanada So. rental. In 1901, $375,000 in plaoe of Can. So.
share In previous years. Pres., Wm. H. Newman, N. Y. »V.80, p.2458.)
Middletown
I
nion irllle A Water Gap Kit.— f.Vee Map
If.
I.
Western.)—Owns from Middletown, N. Y., to Unlonvllle,
N. Y., 13-65 miles. Stook, $149,850; par, $50. Controlled through
ownership of stook by New York Susquehanna A Western, which
pays Interest on bonds. In year ending June 30, 1904, gross, $51,060;
net. $12,369 charges $22,-261; bal., deficit, $9,892.-(V 64. p. 664.)
Midland Valley K R.— Owns and operates from Excelsior, Ark.,
south to Hoye, Ar«.. and north to Fidelity, Ark., a so from Excelsior
west to 8klatook I. T. a total of 210 mile*. Under construction rrom
Skiatook, I. T. to Fawhuska, 34 miles and f uther extension contemplated to Arkansas City, Kan., making a to al of 300 miles. See V. 78,
p. 702, 1 tot*: V. 80, p '2345.
The Cherokee Construction Co., with $3,500,000 stock, in Deo.,
1904, Issued $3,500,000 three-year 6 p. o «old notes, which are secured bv all the stook and bonds of the Midland Vallev and mortgage
on 18,500 aores of coal lands The tonnage Irom 30,000 additional
acres Is controlled.
Stock authorized, $9,000,000; outstanding, April. 1905, $3,724,600;
par of shares, $50. Bonds are subject to oall at 1<>7 « to and Including
Jan. 1,1910. Pres., < harles E. Iugersoll; Sho and Treas , H E. Yar
nail. Office, Girard Trust Bldg., Philadelphia.— (V. bO, p. 2345.)
Susqiiehanna
<£
;
Mill Creek A Mine Hill Navigation Ac RR.— Mill Creek Jo. to
Broad Mtn., Pa., 63 miles; branch 3 3; 2d track 38 in.; total craok,
34-6 miles. Leased in 1861 for 999 years to Phlla. A Read. RR., lease
assumed in 189t; by Phlla. & Read. Railway; cental $33,000 and taxes.
Mlllen A toiithwe»tern Rv.—Owns Miller., Ga., to Vidalla. 53
miles, of which 21 mile- from still more to Vidalla o rnpleted in 1904.
Stock. June 30. 1903. $39 00 '. Of the bond*. $1000 per mile Is reserved for Improvements on present line and $> ,000 per mile for extensions. V. 80, p. 1424. For year ending June
0, 1904(3 miles),
gross, $60,lv<8; net. *lw,f> 4. President. D. B. Durden: <4en. Mgr.,Sec.
and Treas., Frank R Durden, Monte, Ua.— (V. 80, p. 1424.)
Milwaukee a Lake Winnebago RR.— (See Wisoonsln Central.)
Mine Hill A .Scbuylklll Haven RR.— From Sohuylklll Haven
to Ashland and Enterprise Jot., 69 miles; 2d track, 21 m.; total traok,
136 miles. In 1897 rental reduced to 6 p. o. on stook under new lease
for 999 years from Jan. 1, 1897, to Phlla. A Read. Ry. Co. Dividends
paid stockholders are 2>«
p. o. in
deduotod for taxes.— (V. 63,
Jan. and 3 p.
p. 1011.)
o.
In July,
>a
p. o.
being
July,
1905.]
RAILWAY STOCKS AND BONDS.
:*75
RAILWAY STOCKS AND BONDS.
370
[Vol. lyxxt.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount
Par
of
For explanation of column headings, Ac, see notes of
Outstanding Rate per When
Cent.
Payable
Road. Bonds Value.
on first page of tables.
M id. Yal- 1st M., $20,000 p. m., g., red., text.OP.0* 186
Mill Creek <6 Mine Hill Nav. <C RR.— Stock
53 1905
Mitlen a 8- 1* weaier-f.— let M„ $800,000, gold.K...
Milwaukee Lake Shore & Western— See Chicago & NORT H We 6
Milwaukee dk Northern— Bee Chicago Milwaukee AST. Pa ox.
52
Mine Hill A Schuylkill Han.— Stook (6 p. ct. rental)
66 1891
Mineral Range— Cons, mort., text, g.,red. at 105. c
66 1901
General mortgage, int guar, by Can. Pacific F.
20 1891
Hancock & Cal., cons.,M. g., red. at 105. ass'd...
Minneapolis & St. Louis Common stock.Ce
Pref. stock (V. 70, p. 1150), 5 p. c, non-cum.Ce..
1904
—
1877
1877
1879
1880
1881
1894
1899
27
o*
1st M., Minn, to Merriam June, gold.FP
81
1st M., Merriam Junction to Albert Lea.gold.F.o*
Dodge)g.Ce.c* 102
Iowa ext. 1st M., g.(Al. Lea to Ft.
53
Mort.on Southw. exten., g. ($12,000 p. m.)Ce..c*
o*
92
Pacific extension 1st mortgage, gold.Ce
....
First consolidated M., $5,282,000, gold.Ce. c*&r
632
1st & ref ., M., $25,000,000, g. ($18,000 p. m.).Ce
Minn. St. P <e S. Ste. M.— Com. stock, $14,000,000
Preferred stock, 7 per cent, non-cum
Minn, Sault Ste. Marie & Atlantic 1st M.g.Ce..o" 495
286
Minneapolis* Pacific 1st mortgage « e
Coneol. M., gold, int. guar, (end.)— See text Ce.c* 1,789
1,789
2d M., $5,000,000, gold. int. guar. < *
Minnesota Transfer—1st mort.— ($554,000 are 4s)e
l st m( rt., $200,000, g. e*
50
Minn. a No. Wisconsin22
Mississippi Arkansas <£ Western— let
, gold. AC.
OOO.g red text. I <»l c <tr
Miss. Omt
lstM..$5.000
1886
1886
1888
1899
1886
1902
1902
1904
1901
1904
1890
1890
c
—
Mo a III Br
.
M
<£HtU S
C
M AS L B.— IstM red.g.SSlo
Oonsol. mortgage, $2,000,000, auih., gold
Missouri Kansas <t Texas— 1st mort., gold.Ce. 1,601
1.601
2d mortgage gold Me
Of which held in treasury June 1. 1905: b $495, 000. C$174
.
mineral
RangrBR.-See page 463.
& St. Loui* KB.— (See
lUiuueapoliw
$1,000
25
1,000
line
m
OR*
;
p.
1145.
J.
J.
J.
J.
Philadelphia.
New
O.
York.
5*2
4,210,200
J & J. Phlla.,Office, 119 8. 4th.
593,000 4 g.-5 g. J. & J. New York. 44 Wall St.
100, 0<
1,000.000
4 g. J. & J. All owned by Can. Pao.
1,000
325,000
5 g. J. A J. New York, 44 Wall St.
100 c6,000,000 Bee text J. A J. N. Y. Central Tr. Co.
100 d4,000,000 5 in 1905 J. & J.
do
do
1,000
455,000
7 g. J. & J.
do
do
500 Ac.
950,000
do
7 g. J. & D.
do
1,000
1,015,000
J. & D.
do
do
7g.
636,000
1,000
do
J. & D.
do
7g.
1.382,000
1,000
do
do
6g. A. & O.
1,000
5,282,000
do
5 g. M. & N.
do
1,000 1*9,845 000
4 g M. A 8.
do
do
100 14.000,000 4 in 1904 A. & O. Minn.offloe; cbks mailed
100
7,000,000 7 in 1904 A. & O.
do
do
1,000
8.209.000 4 g. A 5 J. & J. N. Y., B'k of Montreal,
316 000
1,000
4 (5) J. & J.
do
do
32,270.000
1,000
4 g. J. & J.
do
do
3.500.000
1,000
do
4g. J. & J
do
4*5 F. & A. 1 st N.B'k,8t. Paul.Minn.
1,000
1,458,000
110,000
1,000
5 g. J. & J Minn. L. & Tr., Minn.
R g. J. # J. Am.Tr & bav.Bk.,Chlo.
1.000
220.000
1,100.000
1,000
5 g. M. & N.
New York.
1.000
768,000
4 g. J. & J.
1.000
790,000
New Yor*.
4g. J. & J.
500 Ac 40,000,000
4 g. J. & D. N. Y. Office, 49 Wall St.
500 &o. 20.000,000
4 g. F. & A.
do
do
.100. d $39,100.
Map.)— Owns main
mortgage see abstraot V. 59,
g.
5g. A.
Whom,
Office, Philadelphia.
50
500 &o.
;
to first consol.
5
10
&
&
*
pal.When Due.
Where Payable, and by Slocks—I ast
Dividend.
Jan.
The
re-
1,
1954
July, 1905,
Apr.
TEBN.
Minneapolis to Angus, la., 260 miles; Western Dlv., Hopkins to Watertown, 8 D.. 215 miles; Kalo Branch, l 1^ miles; Lake Park Branch,
m. Wintbrop, Minn., to Storm Lake, Minn., 154 miles. Leases track
age from Minneapolis to St. Paul over 81. Paul A North. Pac. RR., 10
miles; leases Des Moines & Fort odge RR.. Des Moines to Fort Dodge
and Ti-ra to Ruthven 143 miles; total operated, 785 miles. Also owns,
Nor., Albert Lea to Iowa State Line, 13 m.
but leases to Bur.
Histoht.— A reorganization in Oot., 1894, per plan in V. 59. p. 371.
of Railway foreclosed under improvement and equipment mortgage;
mileage has since been about doubled.
In June, 1900, per?ons Identified with Minn A St. L obtained conV. 70, p 1249
The Des Moii es * Fort
trol of 'be low* ( entra) Rt?
Dodge RR, control of which was acquired In 190*. is leased for 30
years from Jan. 1, 1905 V. 78, p. i33.*>; V. 79, p. 269, 1704.
Stock.- Common, $6,000,000: preferred, 5 p. o. non-oumulatlve,
$4,000,000 After 5 p. c. on each, both share pro rata
Dividends (p.O.) ) 1896. '97. »98. '99. 1900. '01. '02. '03. '04. 1905.
3 3»a 4%
5
5
5 5
5
Preferred
3
5
[
None.
H« 4
5
5
Common
2^
)
Bonds, Etc.—Bonds Issued under the mortgage due June, 1927, num
bered from 1,101 to 1,400, for $500 each, additional to those above
were assumed by Burl. Cedar Rap. * North, (now Ch. Rock I. A Pac.)
As
$3,724,600
323,375
210,000
Bonos—itmnl-
1,
o<K-
1955
July 15,
'05, 3
Jan. 1, 193]
Jan. 1, 1951
Jan. 1, 1931
15,*04,2i«
July]5,*05,?.»»
Jan
1907
1927
1, 1909
Dec. 1, 1910
Apr. 1, 1921
Nov. 1, 1934
Moh. 1. 19*9
Apr.15,'05,2%
Jan.
June
June
1,
1,
Apr.l5,'05,3i«
Jan. 1, X9i;b
Jan. 1, 1936
July 1, 1938
Jan. 1, 1949
Aug.
1,
1916
Jan. 1, '06-'08
Jan. 1, 1922
May
1,
1934
Jan. 1, 1951
Jan. 1, 1951
June
Jun*
1,-
1,
1990
1990
Abstraot of Minneapolis Sault Ste Marie <t Atlantic mortgage in V. 45,
243. The consol. mortgage 07*1888, abstraot V. 47, p. 142), was for
$21,000,000 on 800 niles (sufficient of this reserved to retire prior
nonds» and for $20,000 per mile on all additions. V. 73, p. 185; V. 78,
p. 820: V. 79, p. 13^2; V. 80, p. 651. As to 2d 4s, see V. 68, p. 669,
d.
771, 977; V. 71,
p.
Latest Earns.—
645.
1904-5.. Gross, $7,925,773; net, ¥3,837,692
1903-4.. Gross, 6.341,670, net, 2,9 9,411
Report.— Report for year ending June 30, 1904, was in V 79, p. 1327.
Gross.
Tear.
*et.
Int., taxes, etc. Equip., etc. Ual.,sur.
190304. ..$6.993, 498 $3,246,718 $1,859,472 $250.0 >0 $1,137,248
190<!-03 .. 7.237,264
3,517,342
1,852.844
200.0
1,464,498
Dlvloenis of 7 p. c on pref. call for $4-i4,687 yearly and of 4 p. c.
on common $554,0 2 yearly. -(V. 79, p. 1332; V. 8(>, p. 472, 6M.)
Iflluneaota &. North Wisconsin
See page 4^3.
rtlinnetiota Transfer Ry.— Union road, owning 13 54 miles, extending from Junotionwith Chic Mil. & St. Paul at Merriam Park to
Fridley (with stock yards, etc); side tracks 44-28 miles; total 57'82
miles.— (V. 67, p. 956). Stook, $70,000, equally owned b.v:
CblraKO Milwaukee 4 St. Paul, Northern Paoitlc, Chicago St. Paul Minn. *
Omaha, Minneapolis 4 St. Louis, Wisconsin Central, ChlCHgo Burlington &
8nincy, Great North.. Chic. Great Western.Minu.St. Paul & Sault Ste. Marie, an*
hie. Kock island & Pac.
Additional bonds can be Issued for property and improvements as>
required. Principal only is payable in gold. Mortgage trustee. Northwestern Trust Co.. St. Paul. Minn.— (V. 66, p. 1238; V. 67 p. 956.)
OTtftafwMlppi iriiuiiMHK Jc Western Ry.— Owns from a point
In Drew County, Ark., to Galues Landing on the Mississippi River in
Chioot County, Ark., 22 miles. Extension from Oalues Landing to
Big Bayou, lo m.. to be completed in 1905. Stook authorized +220,000.
Year ending June 30, 1904, gross, *25,38 •» net, $i\S29; int. on
bonds, $11,000.
President A. p. Bliss, Saginaw, Mich.; Sec and
Gen. Man., A. F. Cook. Little R ,ek, Ark. (V. 75, p. 442.)
iTllaaisalnpi Central
Owns Hattlesburg, Miss., to Silver
Creek. 55 miles E»tens on from Silver (JreeK to Brookhaven, 29 m.,
1* under construction. V. 81 p 1 5.
Bonds are subject to call at 105,
if drawn by lot.
V ^9, p. 152 President, F L. Peck; Sec. and Treas.,.
July 1 to
May
llrnos.
31.
)
$
1
RR.—
funding mortgage of 1899 limits the first consol« to $5,155 000.
First refunding mortgage of 1899 is for $25,000,000. of wbloii
$10,000,000 reserved to retire underlying bonds and $5,341,000 for
future extensions. Improvements, etc., under severe restrictions. The
mortgage is a first Hen on 283 miles of road etc, and a blanket Hen on
rest of property, and is further secured by deposit of $2,530,000 Des
Moines & Ft Dodge common sto k. V 68. p. 187. 332; V. 79, p. 2147;
V 80. p 2220 See application to list. V. 69. p. 32.
RK.—
The $^.072,000 Des Moines * Fort Dodge 4 p. o bonds, dated Jan. 1,
1905, are guaranteed, principal and interest V. 79, p. 1704, 2«96.
Gross, $2,765, c 10; net, $9^.034
Earnings— 11 mni., > 1904-5
..Gross. 2,609.971; net, 971.348
July 1 to May 3i. > 1903-4
C. P. Davidson, both of Soranton, Pa.— (V. 81, p. 1 5.)
F»r 9 mos. ending Mar. 31,1905 (Including Des Mclnes A Furt
niMNotiri A llllnol« Rrld«e & H<-li KR. — lias bridge 2.100
Jan. 1, 190 i, net over taxes $8(3,405 against $886,012
Dodge from
feet long across the Mississippi River at Alton. III.; ali-o 2 miles of
in 19. 3-4; oiher ir.o $170,28r";ci8rges, $821,018; bal., sur., $212,672
wned by 10 of the 14 proprietary roads of the Terminal RR.
road.
Annual Report.— Annual meeting 1st Tuesday in Oct. Report for Association of St. Louis, viz.: Cleveland Cincinnati Chicago & St.
1903 04 was in V. 79, p. 1952.
Louis, Louisville & Nashville. St. Louis Iron Mountain & Southern.
1901-02.
1E03-04.
1902 03.
Tear Ending tunc Zo.
Baltimore & Ohio, Mi-souri Padttc. Wabash, Chicago Rock Island A
642
642
642
Average miles operated
Pacific, St. Louis & San Franoisoo, Missouri Kaum Si lexaa and St.
825,830
$9' 1,939
$876,486 Louis Vaudalla & Terra Haute (Penn. RR systetui Ino "pirated in
Passengers
$1,878,058
2,224,520
2,526,763 Aug.. 1904, as successor of the St. Clair Madisou <fc St. Louis Belt RR.
Freight
146.67 7
139 13
137. 591
Mail, express, Ac.
V. 79, p. 1642, «M I. Stock, *2 500,000; outstanding, $1 10,000. The
*2,850,.'65 $3,265,472 $3,540,840 Illinois State rrut-tCo. of Fast St Louis and Edwards Whi'aker are
Gross earnings
$1,049.2*3 $1,237,530 $1,446,120 trustees under the mortgage of 1904. V 8J. p. 711. President. J.
Net over taxes
275.248
185.0 36 Ramsey Jr.; Treasurer. F H. Hamilton: Secretary; E. D. Taylor.
217,415
Other Income
Office. Lincoln Trust Build'g. St Louis.-(V. 8 J, p. 711 )
Total net income
$1,324, 11 $1,454,945 $1,631,156
ftlttinourl K >i iikiim & Texaa Ry.— Road.— Operates a line with
931447
Interest paid
886.980
8^6,980
Rentals
56,045
56.050
47.451 northern termini at St. Louis, Kansas City and Hannibal, Mo., extending southerly across the Indian Territory and the Texas cotton belt to
38.942
Mbc« llaneous
tidewater at Galveston, on the Gulf of Mexico, and to San Antonio,
(5)200,000 (51200.000 (5)200,000
Dividend on pref stook
(5)300,000 (5)300,000 Tex., and Shreveport, La., with branches. (U See this company.)
Dividend on common stook
(2 *a 150,00
Road owned.
Mites.
Operated not owned.
Bal. surplus for yeai
Miles.
def.+51.922
$11,915
$196,725
A Tex. Ry
Wichita Falls Ry
18
Officers.— Ptes., Edwin Hawley, New York; Vlce-Pres., L. F. Day; Missouri Kan,Red
St. Louie to
River, Tex 629 Denlson A Washita Val. Ry.
20
Sec, Joseph Gaskell. Minneapolis, Treas F. I) Davis, 25 Broad St ,N Y.
Hannibal to Franklin Jo... 104 Denison Bouham * N Or.RR.
24
Directors— R. Hawiey, H. f Hunt ngton, K. l.anudon, F. B. Palmer, F H. Davt«
Branch, sto Paoia and ParDal Cleb. & Southwestern...
10
John K. Searles. New York: L. C. Weir, New York; George Orneker, New York.
sons,
Kan.; Oklahoma
Dewey, I T., to Btrtieavllle.
4
L. K Day. Minneapolis.- (V. 7H. p. '14T: V 80. p. itVO; V. Ml. o 8i.)
City and Guttrie, O. T.,
Austin, Tex., urminals
9
mtnneapolln St. Fan & Sault Ste. tlartc It v.— Owns main
and Wybark and CoalOperated jointly.
line from Sault Ste. Marie, Mich., via Minneapolis t<> Portal, North
Kate, I. T
901 St. Louis to Texas Junction..
24
Dak., at the International boundary line there connecting with the Mo. Kan. & T. Ry. of Tex.—
Kansas City to Paola
43
Canadian Pacific. 1,039 miles; branches, Hanktnson. No. Dak., to BisRed River to Houston, Tex. 548 Whitesboro to Ft. Worth
71
marck 214 miles; Wishes, North Dak., to Pollock 70 miles; ether
Denisou to Henrietta
112 Iola to Plqua, Kansas
7
branches. 2«4 miles: spurs, 23 miles; total Nov If 04. 1,876 miles;
Other branches
476 Galveston Hous. <fe Hend
1.50
also tiackatfe in Minneapolis, St. Paul and Hault Ste Marie 19 miles.
In Nov ,1904, extension from Glenwood, Minn., north to Winnipeg,
Total owned
2,770
Total oper. June 30. 19: 4.3,043
33o n lies, included above, was comileted. V. 77, p. 765.
n May,
Organization, Ac— Reorg. in 1890, without foreclosure. V.49,p. 719
1904. tl.e Bismarck Washburn <* Gr< at Falls Ry Bismarck to UnderThe $12,890,000 *tock of the " M. K. & T. Railway Co. of Texas"
wood, N. D ,6< milts, was acquired V. 78, p 1962: V. 79, p. 103
In
Julv,l»0.V br-nch Thief R ver Falls. Minn., to Kenmsr.-. N D.291 Is deposited with Central Trust Co. as trustee for he M. K. * T. security holders. (V. 54. p. 1047; V. 55, p. 298.) M K. v Eastern was
Lartynniith to Owen. Wis., 45 m., under contract.
m., was buiblng
merged in 1K97, K. C. <fe Pac in 1899, Hher Hh. A So. in 1»01 and Mo.
in 1888 of Minn, lault Ste. Marie & At.
»itsTORv.— A consolidation
Kan & okla. RR. and Texas & Okla RR. in 1904. V. 74, p. 1038.
Minn. A Pac, etc (See V. 46, pp. 538, 609; V. 77, p. 62s
1140; V. 75, p 608, 1086; V. 76, p. 480. 1249; V. 7-L p. 2012.
BTock.— Canadian Pacific on Julv 1, 19('4, owned $7,066,600 comLand Grant.— Land grant in Indian Territory 3,1 10,400 acres, sub
mon and $3. 5^3.400 preferred. Preferred stock has a pr or right Jeot to Indian title. See V. 79, p. HO.i, 1281; compare V. «7. p. 222;
to 7 p. c. (non cum ); then common to 7 p. c: then shar»* pro rat t. V.
V. 65, p. 542. 594. V. 55, p. 937; V. 61, p. 1155; V. 77, p. 2339.
75, p. 549. Car tiusts, $b0,369; Que. $13,395 semi an., 1904 07.
Stock —Common Inc-eased in 1904 by $7.20 ),000 to $63,300,300;
1903.
1904.
Apr., 1905.
Dividiods*preferred is $13,000,000 4 p. c non-cumulative. Par of shales, 100.
7
Pi et. ried (percent)
7
3»«,S. A.
Bonds.— M. K. <fc. T. 1st and 2d mortgages of 1890 [abstracts in V.
4
2
Common (per or nt)
8. A.
2,
51, p. 495] cover line from Hannibal, Mo., to a point 80 miles from
Bonus. Can. Pao. guarantees by endorsement 4 per cent interest on Houston, Tex., 941 miles |exoept 71 miles of trackage! and sundry
all the bonds assenting to a reduction of interest to 4 percent.
(See
branches, the total mileage mortgaged being 1,601 miles. Including th«
V. 50. p. 784; V. 51, p. 239. About one half the Minn. & Pao. bonds
Sherman Shreveport A So., but see below. These mortgages also cove?
and practically all of the other issues assented.
the right to the land grant in the Indian Territory.
;
,
,
,
—
,
I
,
|
)
—
J»LY,
1905.J
RAILWAY STOCKS AND BONDS.
377
F
:
RAILWAY STOCKS AND BONDS
378
RAILROADS.
Miles
Date
Mo.K.d
Tex. (Oon.) -1st Ext.M.g., $3,254,000 Ce.O,
Louis Div., 1st, refund. M F
o
Mo. K. A East. lstM., $4,000,000 g., assum.Ce.
2d mortgage, guarantee !, being retired
Sh. Sh. A So. ] st M., $20,000 p. m., g., assu.Ce.o
161
St.
162
162
202
130
277
117
1
Kan. City & Pacific 1st M., gold, assumed. Ce...o
M. K. & Ok. 1st M $5,46 ,000.. g., assum.Ce..c
Tex. & Okla. 1st M, $2,347,000, g.assum. e..c*
1st and ref. M $40,000,000, g. See texr.F
Equip, bonds, due $67,000 s -an. V. ' 8, p 1392
,
f
I
....
...
wallas A Waco 1st M.,$20,000p. m.g.Ce.o'
67
225
M.K.AT. of Tex. 1st M., $20,000 p.m.« e.C
Ce.o*
...
....
Pac. RR. of Mo. 1st M., extend.. In 1888, gold.lUe
2d mort. ext. in 1891 In gold, St. L. to K.
1st M., St. Louis real estate, ext. in 1892, gold.
283
283
ss
~
3
8oonville Branch, 1st M., gold,
s. f
Cs*" 18. W C. A Imp. 1st M. s. f., call at 125.
Missouri Pacific—Stock ($100,000,000 auth.)
I
Co*
,
.
13
1st M. Carondelet Br., g., gu. p.& i.(end.)ext.'93
3d M. (cover* g all prope.of Pacific RR. of Mo.)Ce 296
Mo. Pacific 1st M., Lexington to Sedalia, Mo, gold
55
Consolidated mortgage, $30,000,000, gold...e' 1,076
e*<fcr 1,120
Gold collateral trust.
671
1st collat. mort. bonds for $10,000,000 g.IHe. . .o
Mortgage, $50,000,000. gold, red. 102 H Me.c*<fcr
Two-year r old notes
m m
52
Ler. & Caney Val. 1st M., g., gu. (V. 70,p. 1095).o*
Verdigris Val. Independence & W. 1st M.,g.,)fuar.
81
K.C.& N W.,lst M.pf."A"g..lnt.rent.,red 105,ITIe
Equip. Ass'n obllgat'ns, $203,000 pay Sept 1 y'ly
• ••
do do
Ser. B.,g.,$97.0»0due Mar. 1 yearly
Ser. C,k , $282.0('0 June 1 y'rb. Kle
do do
. - - »
Ser.
....
do do
to P, g . $1 03,000 Deo. 1 yrl5
Uu
Eq
D
K»n*a»
1894
1901
1892
1892
1893
1890
1902
1903
1904
1904
1890
1892
1901
1889
Amount
$1,000
100
1868
1,000
1871
1,000
1872 500 Ac
1873
500
1876
1,000
1880 500AC.
1880
1,000
1887
1,000
1890
1. 000
1905 500 Ac
1904
5,000
1886
1.000
1886
1,000
1894 500 Ac
1902
1,000
le03
1,00'
1903
1,000
1903
1,000
M
.
Latest Earnings.— 11 months ending May 31:
11 months.
1904-5
1903-4
Net
Gross.
Charges.
$4^94,518 $3,894
$l8,8i ,914
16,355 798
<
"73
Sur o" def.
BUT. $1/00,475
sur. 69) ,809
4,368,116
3.672.306
meetlngtirst Thursday after first Monday
In April. Report 1903-04. at length, was given in V. 79, p. 1263. 1280.
1903.
1902
1901.
Tear end. June 30.— 1904.
?,8>u
2,601
2,500
Aver.miles operated.
2,265
Passenger earnings. $3,802,202 $3,160,455 $3,040,842 $2,658,245
13,102,910 13,256,900 12,632.692 12.097,618
Freight
717.865
861.484
79Q.838
647,220
Mall, express, eto..
Gross earnings.... $17, 766, 595 $17,v:08,l*3 $16,391,399 $15,403,083
Ope. exp.and taxes 12,997.710 12,449,083 11,871,564 11,134,147
Netearn.,ino.oth.lnU $5,085,608
4,858,675 $4,553,648 $4,307,073
Interest on bonds..
3,316.172
3,291,396
3,226,844
3,118.015
417.H65
703 068
46 .363
389.142
Rentals.. Ac
Balanoe, sur..
$1. 0b6.b68 $1.0*9,916
$908,939
$799,916
11*316,723 in 1904,$99,5651n 1903, $33,818 in 1902, $38,137 In 1901.
Officers.— President, Frederlok Norton Finney, Milwaukee; Vice-
Annual Report.— Annual
.
Pres., Colgate Hoyt; VIoe-i'reB. and Gen Manager, A. A.Allen, St.
Louis, Mo.; Vice Pres. and Treas., O. G. Hedge, New York; Secretary,
S. Halline. 49 Wall St.
Direct- >rs— HearT C. House, Colgate Hoyt, Henry W. Poor, Joel F. Freeman,
James Bro»u P tter and Herbert L Satterlee. Aitrert W.
T. Her kk, Cleveland. O.; F. N. F,nt>ey Milwau-,
vvis.: A. A. Aden aud Jan. en Haeermin, si Louis. Sin.;
bee,
H. P. McDonald,
Alfred J. Poor and 1. N. Seduwlck, of Ka sas
II. J. De
Mxrez Oyeua,
Amsterdam. Holland— (V.7fc. p. 2466; V. 80, p. %&*, 718, 1059; V. 81, p. 2rt6.i
IfllttMourt Pacific Ry.— (jS«e Map.)— Operates an Important system extending westerly and southwesterly from St. 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, eto. Through theSt. Louis Iron Mt. & Southern, which It controls,
connection is had with Texas and the lines of the Texas A Pacific,
International A Great Northern and tne St. Louts Southwestern, the
whole forming what Is known as the "Gould System," (see V. 60, p.
83.) The Mo. Pac property Includes (Jan 1, 1905)
Leaser! lines, etc— (Oon.)
Lines owned and controlled. Mtt.es.
Mils.
495 Other lines
25
St. Louis to Omaha
847 Trackage to St. Joseph, eto
Other main line
35
Hei'Bf.
Chits. G.
Scanners.
New York Myron
;
Branches owned
Leased lines, etc.
Boonville
8t. L.
2,047
A Southern...
43
Tot. Mo. Pao.andbr'noh llnes.3,493
Also owns all capital stock of Central Branch Union Pao.,etc, 388 m.;
St. Louis Irio Mountain & Southern and leaned lines, 2,355 miles.
Grano total M>*our1 Paoifio :ulleage June 1, 1905, 6,234 miles.
Early in 1901 a large lutereet was acquired In the Denver & Rio
Grande RR. »nd mo In the Rio Grande Western Rv extending the
system as fa- wvdt as Ogden. Utah. The Gould and Rockefeller holdings In tne Denver <s Rio Grande are together underHtood to constitute
ajorltv of entire capital stock. See also "General Flnnnoes "
a large
A tv'iitnilliiig Interest in the St Louis Watktns & Gulf was acquired
So. V. 80, p. 1235.
in 1904 by the 8t. L
Organization, Leases, Ac—The Paolflo RR. of Missouri was sold 1b
foreclosure September 6, 1876. The present company was a consolidation In AugUBt, 1880, embracing the Missouri Pacific and minor roads
Control of the International <* Great Northern was scoured in 1892
and of Central Br U P In 1898-99 See V. 68, p. 329, 520. As to
Texas A Pao. and Wabash, see "General Finances" below.
,
.1
IMA
5
g.
g.
g.
gg.
g.
g.
4
5
5
5
A
A. A
A. A
J. A
F &
M. &
Wall
do
N. N. Y. office, 49
M.
A & O
O.
0.
do
do
do
bonds— Prlnoipal.When Due.
—
by
Stocks
St.
Nov.
Apr.
Last
Dividend.
1944
2001
1942
1948
1943
1990
1942
1943
2004
1,
1,
1,
1,
June 1,
An«. 1,
1,
Sept. 1,
Sept. 1.
do
do
Apr.
Apr.
do
do
do
do
N.
do
do
May
5
do
do
5g. M. & 8
do
do
4 g. M. <fe S.
413
M. & S.
do
do
Spt.'OS.Mr.'ll
.Nov. 1, 1940
do
do
5 g- M. <s N.
do
4.50\000
do
Sept. 1, 1942
5g. M. A 8.
M. & N.
do
1,000.000
do
Nov. 1, 1951
lg.
968.000
J. & J
do
do
July 1, 1929
6
77,817,875 5 in 1905 J. & J. N. Y., 195 Broadway. July20.'05.24
7,000,000
4 g. F. & A. N. Y., Mercantile Tr. Co. Aug. 1, 1938
do
do
July 1, 1938
2,573,000
5g. J. A J.
800,000
do
do
May 1, 1938
5g. M. & N.
237,500
4ifl gA. A O.
do
do
Oot. 1, 1938
M. A N.
do
do
Nov. 1, 1906
3,828.000
7
650,000
do
do
Auk. 1, 1920
5 g. F. & A
14,904.000
Nov. 1, 1920
do
do
6 g. M. & N.
14.376,000
do
do
Jan. 1, 1917
5 g- M. A 8.
Aug. 1, 1920
9.636.000
do
do
« g- F & A.
25.000,000
Mar. 1, 1945
do
do
4 I. M. & S.
0( 0,000
6
do
Feb. 10, 1906
do
5g. F. & A
520,000
July 1, 1926
do
do
5g. J. & J.
806.000
Men. 1, 1926
5 g. M. A 8.
do
do
Jan. 1, 1933
1.026 000
do
do
5 g. J. A J.
1.62 ,000
Sept.. 1905 '12
do
do
5g. Q.-M.
679.<'00
To Mar. 1,1 912
do
do
5g. Q.-M.
To June, lyl3
2,256.000
do
do
5g. Q.-M
9\5,00O
do
To Deo 1914
5 g.
do
Q. M.
1,000
1,000
1,000
1.000
1,000
1.000
1,000
1,000
1.000
1,000
Franklin, Mo., to Texas Junotlon, Mo., 162 miles. 8ee V. 63, p. 30.
Of the 8t. Louis division 1st refunding bonds; $4,666,000 were reerved for the retirement of both Issues, the balance being for extensions and improvements on the division. V. 72, p. 1034; V. 75, p. 608.
The Sherman Shreveport <t Southern mortgage Is for $6,000,000 at
$20,000 per mile; issued, $3,689,000, of which $2,000,000 pledged
Tinder
K A T. mort. of 1890. The bonds, formerly guaranteed, were
assumed upon consolidation in May. 1901 V 72, p. 1034. 1115
TheMissouil Kansas A Oklahoma and Texas A Ohiahio a bonds,
issued at $20,000 per mile, guaranteed, have been assumed
V. 74, p.
1038; V. 75, p. 185, 733; V. 77, p. 252; V 78, p. 48; V. 79 p. 968
19<>4 <$40,<>00.0<
auth rized issue)
Of ihe 1st and refunding 4s of
$13 04«,0 «' was reserved to retire divisional mortgage* at or beiore
maturity; balance 'or future purposes. They are pa> able at the option of the holder in sterling, murks or francs. V. 79, p. 968, 1281,
1332; V. 80, p. 222. 712.
Guaranties.— The Boonville Bridge 4s are guaranteed, principal and
Interest, and also as to sinking fund beginning 1911. V 73, p. 494.
The
£. A T. in Texas mortgage Beouit s $10,000,000 of bonds at
$20,000 per mile for extensions in Texas. They are guaranteed principal and Interest. See above, and guaranty V. 56, p. 604.
The Southwestern Ooal <& Improvement Oo.'s bonds are guaranteed
Mortgage ($1,000,000) oovers the coal on 51.000 acres in Indian Ter
rltory, and the company also owns 2,350 acres additional, the Deni
son A Washita Ry., 20 miles, mines In aotlve operation, etc
Equipment Notes.— On June 30, 1904 these aggregated $3,377,896,
payable part yearly till 1910. V. 75, p. 608.
M
$3,254,000
1,892.000
4,000,000
81,000
1.689,000
2,500.000
5.4 68,000
2,347,ono
1,484 000
804,0
1,340,000
1,000
1,000
1,000
mifi*ourl
6c Texas 11 y.— (Concluded )
The Missouri Kansas <6 Eastern bonds originally guaranteed were
assumed in June, 1896, the road forming the 8t. Louis extension from
[Vol. lxxxi.
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Outstanding
Whom.
Cent.
Payable
Size, or
For explanation of column headings, Ac, see notes of
Par
of
on first page of tables.
Road. Bonds Value.
«;*i^
P<5<6
u
^
»
4
D.
A.
1
,
Stock.— The amount outstanding on Deo 31, 1900. was $50,432,150;
was Increased to $76,402,875 In 901 in 1902 $1,400,000 was
this
1
;
sold to pay for new construction, 56 miles.
DIV8.— > '82 '83 to '87 '88 '89 *90 '91 '92 to '00 '01 '02 '03 '04 1905
PeroenM 6^ 7 yearly. 5>4 4 4 3 None 2>* 5 5 5
5
Bonds —The consolidated mortgage Is for $30.000,000—trustees John
F. Dillon and Edward D. Adams— the balanoe 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 Trnst Company of New
York, trustee) are secured by mortgage bonds of new roads at $!*> 000
or $15,000 per mile; these embracing the line from Fort Soott, Kan.
to Pueblo. Col . eto. For securities pledged, etc., see V. 46 p.67«
Collateral trust bond* due in 1920, see V. 50, p. 669, 874; collateral
trim notes due Feb 190«, V 78, p. 5H4
As to 40-year 4s of 1905 see General Finances below,
(+KNERAL Finances. —In 1903 the Missouri Paciflo Railway Co.
preferred stock and the St. Louis
acquired $2,0^0.00 Wabash
Iron Mt. *6,500,i)00 additional, the latter also owning *5,43VOoO of
the debenture B bonds, making the entite voting interest held $13,93 .000 out of a total of «82,000.000 ntoek and voting debentures V.
-yndioates In which the Gouldn are interested lave
78, p. 1109.
purchased the West Maryl'd and have completed a line connecting the
Wabash with Pittsburgh and art" building easterly to a connection with
the Western Mar\land and tidewater at Baltimore. The Gould interests are also hack of the W-'st'-rn Pao do Ry.. building etween Salt
La*<e City and San francieoo. See Ch Ron Apr 29, 1905. V 79, p. 1023.
The 4s of 1905 ($ SO, 100,000 authorized Wue) are to be scoured by
an equal ament at paror Iron Mountain stock, the deposited stock
to be never less than a majority 01 the outstanding amount, the Mo.
Pao. covenanting ihat It will not permit the creation by the Iron
Mountain Co. of any stock having pieferenoe or priority as to dividends or otherwise over the stook p edged or ti e creation of any
bonded debt of the Iron Mountain Co n audition to Its bonded debt at
present authorized, except to find, extend o>- retire suoh pre-ent
authorized bonded debt, or for new property at a fair value not exceeding o>st The present issue of $25,000000 Is secured by an equal
amount of Irou Mountain stork. The remaining $25,000,000 is reserved for extensions, improvements and betterments. V. 80, p. 712.
,
RR
>
&
1
Earnings— 5 mouths.
Jan 1 to May 1.
Gross, *1«.512.237; net, $3 694 889
Gross, 17,125,066: net. 4.072,028
For 4 mo the ending April^O, 19o5.net $^,446,018; other inoome,
$1,405,120; charges, $3,507,524; balance, (-ui plus. $c»4s220.
annual Report.— Flsoal year ends Dec. 31. Annual meeting Is held
Report foi 1904 was in V. 80. p. 1108 1110;
»t 8t. Louis in March
see edltorM, p. 1086. Earnings if Missouri Paciflo system have been
as below. "Other Inoome" In 1904 Includes: Interest on Tex.
Pao.
2d mort. incomes, $ ,1 13.400; Paoifio Express Co., $25 J, 000; Denver
A Rio Grande RR. $365,000; coal companies, $< 42,500. eto.
1903.
D 04.
Year ending Dec. 31.
1902.
5,*46
Miles operated
6,140
5,613
$43.693.0t7 $43.095 768
Total earnings
$37,495,688
13,87.576 13.0MO.765
Netearnlngs.
12.452,497
2.937,274
3,7:6,965
Other inoome, Ao
2,422,139
)
1905
S
19<)4.
A
Total net Inoome
Interest and rentals
XaXeS. ... ... ...«.a..a
$16, 24.«50
$7,71 f, 109
1.298.^71
1.2W ,337
$17,457,730
$7.107,3f2
$14,874,636
$6,64^ 672
1,123.374
56o,»68
«ondry accounts
3,890,115
Dividends (5 per oent)...
67
3,890,
3,855.110
3,696,378
2,034.766
2,689,512
Balance, surplus.
0*ficer8.— President, George J. Gould; Seoretary and Treasurer, A.
H Calef, 195 Broadway, New York.
D rectors.- George J Gould Ruxsell Satre. Edwin Gould. 8am • Sloan. Jaraet
1.22\240
1.53S 645
I
H. Hyde. J- hn 11. It .ckuiener Jr Howard Gou'rt. B. I'armaicr Pr^nil^e, Fred.
GaTlson. W.
T. Gates and Frai k J Gouid. Men York; Cha'les S. Clu'te,
B.Buby. Si Louis. Mo. -(V. «, p 1 I OS. Ill*) isiS6, *4W; V. 81, p. xxt, .05.)
.
< •.
iTIiMHoiiri
Pacific
1
.
Syntem—St. Louie Iron Mountain
St
See Map.)— Owns St. Louis toTexarkana, Tex. Line.
490m.; 'iranohes to Belmont, Mo., Bird's PL, Mo. (Cairo), Camden, Ark,,
Helena, Ark., Cuehman, Ark., Arkansas City, Ark., Warren, Ark., Memphis, Tenn., Ac; Houston Central Arkansas A Northern Rail vay, MoGehee, Ark., to Alexandria. La., 191 miles; White River branch,
Illinois Division, Memphis Helena <s Louisiana, bast A West 111. Ry.,
1,278 miles; total owned Jan. 1, 1905, 1,959 miles. Leases Little
Roclt A Fort Smith and Little Roob Junction railroads, 175 tulles;
Kansas A Arkansas Vallev RR. '71 miles; St. Louis Southw. Ry., 51
miles Total operated Jan. 1, 190 5!, 2,356 miles
Holders of $23,668 000 of the $24,983,093 Texas A Paoifio seconds have exchanged their bonds for 65 per oent In new Iron
Mtn gold 4s bearing Interest from July I, 1899 See Bonds below,
also V. 68, p 329, 380. 474, H'ZO. 572, 619, 725, 774
A new short route from St. Louis to New Orleans Is
side of the river, and
a connection
proposed via the w> st
with the Texas A Paolflo at Clayton, La and a diagonal line
from the last-named line to a connection with the Mo Pao. at Carthage, Mo., completing a 480-mllelow «rade line from Kansas City to
Memphis. Of these fines. West Mem >h1s to Clayton. L*., 278 miles,
Southern Ry.—
,
is
under construction, and Batesville, Ark., to Carthaore, Mo., 239
196mllesof the latter beluitoompleted. V 76. p. 543,600, 1031.
miles,
UTOOR.— Stoos authorized $130,000,000; outstanding. $29,39<>,098,
owned by Missouri Pao. See below.
of which $29,3d5,400 Apr. 30, 1905,
1
—
'
|
,
'
RAILWAY STOCKS AND BONDS.
July, 1905.
.Flora
Salem
f
379
LCentrAlia
r
"tfCTVornon]
v
/
De Soto;
Genevieve^
Bvsfnsville/
ockport
^
Sligo
Salem
J
X
*«»t c^:
Perryville^
,-i
Lebanon
,
°M Parker
Jackson
''
f
'
n (J
^^Of* of Rdugh°ctt»^!fodgcii|villc
r Falls
\f^Z~^° Dixt-n
Jobpa
.
<<
Brook" iVOrt
enf-V Mammoth
ra
x
Nortonville^
Cabool
VBir^^FointXS
),X
VlemphisJc
^
.,,
\Dexter
%-\GraceyV~\
Poplar^
Grandin\> B luff,
Cave,
City Glasgow Jcj
Russellville
Scottsville
,^/paw]
Doniphan/
H;/rtsville Jc.
/Campbell^j^j en ]75J
Thayel>
aducah
•
Pocahontas
Glasgow
Hopkinsville
I
0°
'
rineetdii
Zalma^
JS^iam svjjj^
West Plaint
,
•*>
k
HunterNy"
WeaCTbint
,
lllngton
Willow Springs^
Albany^
Alba
Lebanon. Jc. J
Elizabethtowi
^
tTe
11
V\Knob Lick
\^pan|,£lton
vt
EldpradS
:u
/f_0^^i
'•^y^hawnee^vfL^ove
V<
„
Marqunnd
New
^Lincoln City^
^°
Ipu Quoin
St/.
fsteelville
f) V
Jefferso
ereon
McLeaiiKhorcf^uan
Spai-jjoafinclvii^
i\lt.Vei»ou
£" o V3i
V*v t
French Lick
s p ,-s.
&
IIuTitlngburgr
Crystal Cit^
Cuba
^J
—
Oileyl
'
^
Washington
/ JaRper
'Mt.Oarmcl^/V'./ ]
\-_
^?v£S4,Prine,eton
(-Belleville
lartsville
Jc.
Martin
->3
,
Edjjefleld Jo.\
Vanleer-
Kennett
lornersville
Black Rock
S T.
/°
Dyersburg
Pond
JohesboroS
ipleyy r
p
Jacksonport^Ng^^poJ
/C{
Bald Knob
/-*?
Nap/er
\
«i/vnne Jc.
t.j
R
/
Soaferville^
M
b£
Y
ijv^TW/
i
(Cla\endon
VPine CitV
ROCK
*»
>Senatobia
fl£uyton /
—te_ ^Sc Cotton Plant
^V
NEW AtBAN\
Benton
Helenaffl
Ingomar
Oxford A
/Cherry Creek
Ecru
riars PoinJ.'
Altheime;
IValley/T
Camptown
J
\f/5
V
—
H
\
Artesia
fg\
^
_Z
I
Scoobac
\
JewelHW
Doolfttlefl
EWTONl
I
\
>
Narkeetaf
/
i
i
/
^
I
/York
OXCATUrT03]
*
/
/
1
SOU.
P^ft,
jL-rAJ"
/^T
ZJ/
Shops
^C"^
ManonJc y
Meridian
Ga^dvil.W-;
lEnterpinse
Montrose/"
.l6 'l
Louinf
Hamlet
^^
'Camrfen
Bay SpringfL
QfoeHT*
Crystal
Springs
I,
"
StringcrT
'"
Hazjehurst >?
Saratoga
«y^>3>
j»attieS5U
^
Pine Apple
Georgiana/
ergreen
Henderson
FI?ANKUj
8
.^Nadaw.ih A- Xnve
'LAUREL
6lvver^eek
,
il2e/t. e
TuscalcosaKoJjocton
Maconji
UnionH
StamperB
JnsticH
PAC.
"EK.ST.
,
LCarrollton
Sierjafi
'^
8H.
Reform
^GTipsy
Holy Cross
Canton^
^«**
rait
olumbus
Argo
Jc
Yazoo Cify
^Jasper
\K±
Piosi^ct
PHILADELPHIA!^-.
1
AttallaV
BOU-
Tuscan
Aberteen
f*'
Cherry Ri'dre
Cullman
//stalkviUi
LOUJSVILLE
Jurant/Cornwell
Belzona^
Percy
Jc,
,
'
ACKERMAN-
I
RolhhgjFork
Aber'detn
"Crow3TUl5^V^Cl t/i
CHESTER
New
Monroe
<
(tC^K,
Paber
^Hambnrg*
wOllinstony/^'
>
Parrish]
I
Leland 18
y8.^_j£Winfle"
B= HO1
MATH SO
ireenvilli
VICK.'
,Ie
WALTHALL
sou.
Upland
i
^
Lynn
Atlanta,
.
(
8
*•*
Congress^Hobeullndcn Hr -,„t*s
\ «..~2>^\
,
Arkansas.
s
7~^' ,taI1B CitKjiiiy
Dennott/ »
D
h
Tab?v
/Boyle|
'")^S 7
Q^M©nlioeUo^^__^cc^^ /Lamonx
^"S
•
-,
Hobbs
Island
| BriUlant
)
HonikaMg
GrenadaX
Warren
k
Oershnrna
LV
Fordyce
1
,
Decatur\
JussellvUles
Red Land
Tutwller
osedale
'
luatsville
RV.
j
Tupelo
^'leo'Sfl
°Gilfttt
Ladd
Jeff<{
'Florence
GuntersrvUle
Water /-^ pontotoc
English
/
ronside
urdisl^-^
ob Koy
Pine Bluff/
iPulaski ^ayettevUle^
DeahercLci^
]
Tuscumbia/
HBlueMoudtalh
A.^^?*-
AS
--
Sheridan
^
*
(°|i)^rBrinkley
Lonoke
LE
Summ£rtown\. Tullahoma
<
Iron City
FoVrest City
\
a^
3
Pinkney
\Wartract
Shelbyville>y~\v
Creek
Lawrenceburg^.
Conway
Wooley^
Oolumbia
Aliens
^/^."'cfc*9
; Wiville
^
IS
IPerryville
UftTt/n'
Des Arc\J
E
i)
Brownsville*-
I
\
'
Higginson^w-'C^
;
^.NASHVILLE
V*
Dj k
Lyles ^Warner
Cushmans
Searcy
,
^HolloV Rock
>V. ParagQulij/-
Repton
ill
f
Summit
* Andalusiar
Columbia'
'Magnolia
\
Flomatbii
i
irton'
/
,oy/
Maxie\s
•|
Hammond
Covington
\ £1
o«
''A7J%,
Sc,
afl }
J
QfilP'
^*
^^
«
MOBILE. JACKSON
&
KANSAS CITY
TERMINAL PROPERTY
AT MOBILE.
B.R,
Cantonmep
,"".--
SO Ft-Uk^NjS
&*S*
MiOBlLE
'*%\/Ab'it
SlaBa5(nl.Port
earl Rivep
ACRES
SHALLOWS
D ^^
MAP OF THE
MOBILE, JACKSON
KANSAS CITT B. B.
m
AND CONNECTIONS. t
.
«
.
RAILWAY STOCKS AND BONDS.
380
RAILROADS.
For explanation of column headings,
on first page of tables.
<fec,
Miles
see notes
of
Date
Size,
Louis Iron Mountain dk Southern— (Missouri P
Gen. consol. * 1. gr. M. ($45,000,000) g Me....o
Do
do
gold, stamped, guar. p. &i..e
Unifying & ref. M., gold, $40,0O0.0O0.JMp.... o*
Div'ns 1st M.. $50,000,000, g.]?Ie.o*<fcr
River
Car trusts, H to M, due June, rept. & eo., y'rly.
Car trusts, ser.N to P, $377,000 or $378,000 y'riy
Little Rock June. lstM.,gu. p.&i.by Ir. Mt.OTe.o*
PineBl'fl&We8t.lstM.,gu.p &L,red.lOyrs. 105
Mo. Riv.d Horihw.—lat M.,g., $ ,000,000.. red.text
&G
acific
1,538
1,538
1,538
571
Mobile dk Birmmgh. RH.—Prel. stock ($900,000)..
Prior lien, gold, $600.000.Ce
o
1st M., $1,200,000...:
Me.c
Mob. Jade. <t K. O.— 1st con. M., $4,000,000, g.Ce.o*
Glf.&C.,lstM.,$5.000.000,g.,gu.red. 110.« ol.c*
Mobile a Ohio— 1st M., Mob. to Col. (prin. gold).F.c*
1st M., exten.,Colum. to Cairo <febranch,gold. K. .o
General mort. for $10,500,000, (now gold) s. f.Fc
Montgomery Div., IstM.. $4,000,000, gold.Oe.o*
Collat. trust, gold, ($2,500,000) call at par G.o*
8t. Louis <fe Cairo 1st mort., gold, interest guar.c
Mobile & B. Sh. 1st M., $200,000, assum., g.,F.c*
Equipment bonds (mostly 6s)
Equipment trusts "A" & "B" (V. 71, p. 749), s. f.
2
42
RR-
1903 l.OOO&o
1903
1891
1903
1904
i',000
1,000
1,000
1,000
100
149
149
200
35
1895
1895
1903
1903
1879
1883
1888
1897
1900
1886
1899
1898
1899
1901
1904
1902
1892
1902
1902
163
1800
472
55
506
189
i.6i
38
...
Equipment trusts, series A C P
Equipment trusts, series "C," due semi-ann.N.
notes ($9,500 due seml-ann.)..
Joint equipment
jWoA.<*ifaL-lstM.,$15,000p.m.,g.,gu.p.<fcl.(en.)Kc'
o*«fer.
Consol. mortgage, $10j> 0,000, gold. «
Monongaheta RR.— 1st M., $1,500,000, j't gu
Monongahela River RR.— Bonds— See B. & O. RR.
IstM., g., $2,000,000
Ce.o"
Montana
eonclu ded)—
81t0'7 $1,000 $36,818,000
1,000
6,880,000
1899
1.000
30,392,000
95-'03
'
182
200, 1,000
300, I,0O0
1,000
1,000
500 &0.
1,000
500 &C.
1,000
1,000
500&0.
500 &c.
1,000
1,000
1,000
1000 &c
1,4.48,000
1,000
;
V 70. p. 997; V. 74, p. 206; V 78, p 704, 1224.)
The River & Gulf Divisions 4 s of 1903 (present Issue $20,000,000;
will be secured by a first Hen on 677 miles of road built or under construction isee above) and on terminal pioperty at St. Louis, East St.
Luoie, Cairo and Thebes, and 8,000 acres of coal lands in Illof the Union
Ry. of Meminois, and deposit of the bonds
phis. Additional bonds may be issued up to a total of $50,000,000
at not over $30,000 per mile of main line for new consti uotlon, and
$15,000 per mile of second track and branch lines, bat not exoeeding
the actual cost, and for additional terminals, equipment, double
619:
V. 76 p. 543, 600. 108">: V. 77, p 1875,
and application to list. V. 77. p. 2036. 2049; see also V. 80, p. 2459.
Pine Blufl A Western guar. 5s of 1903 (American Central Trust Co.
t Louis, trustee), see V. 78, p. 103; form V. 78, p. 769.
July 5, 1805, the authorized issue of oar trusts was
On
lnoreased
from $6,000,000 to $10,010,000; or this $2 000,000 will be issued
during the mmmer of 11 05. V. fcO, p 2622; V. 91, p. 155.
Earnings.— For 3 months ending Mar. 31. 1905, groas, $4,675,574;
net, $1,221,923; other
aur.. $899,463.
income, $1, 236,610; charges, $l,559,o;o,
Annual Report.— Report
Tear ending Dec. 31—
bal.,
showed:
1902.
1903
$19,575,350 $17,640,578
for 1904 in V. 80, p. 1109,
1904.
$19,788,829
6,634.320
6,988.100
6,720,285
1,493,923
1,428,572
1,274,607
8,482.023
8,148,857
7,908,927
Total netincome
3,963,688
3,624.601
3,170,531
Interest on bonds
I,056,5i2
1,197.365
936,591
Taxes, bridge exp., rent'ls, &c.
Dividends
(10%>2,57S,831 ( 10)2,578,83 1(10)2,578,831
snr.t-742,139snr.#888.913 su.$l,222,974
Balance for year.
-<V. 79, p. 270, 12b7, 1332, 2643; V. 80, p. 473, 2459, 2622.)
niM"'iirl l.her
Nortliw esieru] Ky.-V. fcO, p. 222; V. 81.
p. 212,2.5.
Mobile &. Blrminsham HK,- Mobile to Marlon Junction. Ala.,
149 miles; opened In July, 1888. Leased to Southern Ry. from Mar. 1,
.1899, for 99 years, the latter agreeing to meet the interest on bonds,
and to guarantee a dividend on the $900,000 preferred stock of 1
per cent for first year, 2 per cent for second year and 3 per cent foi
third year, and 4 per cent for the fourth year and thereafter. The
$900,000 common stock Is owned by Southern Ry., and the voting
power on the preferred irrevocably assigned to the Southern Ry.
during lease. V. 68, p. 429, 1134; V. 69, p. 391 V. 71. p. 1013.-(V. 72,
Gross earnings
Net earnings
Other receipts
&
;
p. 137.)
mobile Jackson
A:
Kansas City RR.— (See Map.) —Operates:
Rond ow td.
Mobne, Ala., to Hatllesbure..
ISeaurnont.
Mies.,
A»W'»
.. l5 9
to
Decator,
98"0
oper. 10'
Mi»s commenced
Ellii-vllle June, to KI:lfVllle,Ml88.,
corum. need oper. lv 01
Total main track own»d
Total roadowDed and leased
K. C.
J.
BIOCK.—
I
-
I
Pontotoc, Miss., to Mlduleton,
I
-
6 l
20'
[00
Ri od (onUoiled.
miles.
Gulf & Chicae (leased 9P years),
Tenn
'
|
62
Decatur, Miss.,
to
Pontctoo,
Miss com. oper. Aug. 1, 1908 ..
I
,
T
tal
.
141
203
and 30S m. 70-lb. steel].... 403
KR
&
$4,000,000 common; par $100
Gulf <fe Chicago Ry
5.000.000
do
do 100
Bonds -M. J. & K. C. RR. $4,000.< 00 1st consol. mort.. covering
200 miles main track and valuable ternim** property in Mobile Harbor: $36,' 00 of old first mort. rs still outstanding, for which equal
amount of consols are rt served. The 1st consols are subject to call
at 110. V. 77. p. 822; V. 70. p. 687; V. 78, p. 48.
Gulf & Chicago Ry. $5,000.0(0 first mort. 5h, about »4 000.000, of
which Oc.ver 03 miles of track. Bonds guaranteed principal and interest by M. J & K C RR. Co. by enanrseinenton each hond. Both
Issues of bonds 1 tnlted to $20,000 per mile of main track.
Rn-oRT For year ending June 30. 1903, in V 77, p. 822.
In 1903-4 (180 average miles), gross, $528,017; net ,$233,009; charges,
taxes, etc., $1MS,229; bal.. sur., $46,780. In 1902 3 (85 t.veiage miles),
gross, #273,980; net, $103,517.
Officers- President, Bird M. Robinson 5 Nassau St., N. Y.; Chairman of Exec Com., W. D. Stratton; Sec. and Treas., Geo. W. Crary.
miles
1 0-1 b.
M
'
W. I>. btrati< r, W. A. Siantcn, Bird M. l(obir>«< n. J. T. «>dell. E. K. 8tallo,
I
Charles K. Levy, R. W. Jcnes Jr. ot Ntw Yo;b. F. B. Dewey, Win. H. Mclntocb, U>n J. K Whinn?, M< bile; Hod. W. G. Sproul, Chester, Pa.
—(V. 9. p. 968, 1332. 2748.)
(Sre Map to. Jty.l—Ovma from Mobile,
mobile
Ohio
Ala., to < olumbus, Ky., 472 miles, proprietary line, Kentucky & Tennessee RR to E. Cairo, 21 miles; nranches to Columbus, Miss., <fec, 34
miles; Columbus, Miss., to Montgomery, Ala., 167 inllaa; with Warrior
&
RR.—
543 435
1,070.000
133,000
2,500.000
3.900,000
1,000
1,000
en on 1,538 miles. (V. 68, p. 85, 233, 520; V. 78. p. 704, 1224.)
The gold 4s of 1899 (first issue $30,000,000) may be Increased
not over $10,000,000, at $12,000 per mile, for oonstruotion or
They are
acquisition and equipment of branohes and extensions.
secured by a lien (subject only to the general consols on all the railroads, terminals and equipment of the company, and also a first and
only lien on all stocks and bonds now embraced in the trust of the
gold funding note Indenture upon satisfaction thereof, all leased and
branch lines, or their bonds and stocks acquired by the loan, and all
Texas & Pacific seconds acquired, future extensions, etc (V. 68, p.
of
21,177,000
2/ 27,000
2,870,000
435,000
886,000
700,000
900,000
600,000
1,200,000
4,000,000
See text
7,000,000
1,000,000
9,472,000
4,000,000
2,497,000
4,000,000
200,000
1 99.000
1,000,000
1000
Dividend- In 1899 2 p. o.; 1900, 6; 1901, 6; 1902 to 1904, 10 y'rly.
Bonds.— General oonsoL mort. ia for $45,000,000, Noa. 11,001 to 18,000 inclusive are endorsed with the Missouri Paolfio's guaranty of prlnoiSal and Interest form of guaranty was in V. 56, p. 650: they are a first
See also above.
Amount
Road. Bonds Value.
St.
tracks, etc.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Outstanding Rate per When Where Payable, and by Stocks— Last
Cent.
Payable
Whom.
Dividend.
or
Par
of
[Vol. lxjlxi.
See text.
a
A
i
8
g
g
'
A.
A.
&
&
-
J.
<fc
-
6
M. & N.
QuarMy.
A.
A.
g.
4
8*
5 g.
5 g.
6
6g.
4
do
do
do
J.
do
do
do
Q.-M Townsend Whelen & Co.
5
5
O. N. Y., Mercantile Tr. Co.
do
do
O.
g.
5g.
4g.
4g.
<fe
&
O. N. Y. Mercantile Tr.Co.
N. Y. and St. Louis.
O.
N. Y. and Cleveland.
& D
& J.
& J.
J. & J.
J. & J.
J. & J.
J. & D.
Q.—Jan.
M. & S.
F. & A.
Q.-F.
J. A J.
M. & N.
J.
J.
J.
N.Y.,J.P.M.&Co.,&Lon.
N. Y, J. P. Morgan* Co.
do
do
N. Y., Colonial Tr. Co.
do
do
N. Y., Farm. L.
do
& Tr. Co.
do
N. Y., Gallatin Nat. Bk.
do
do
1931
1931
1929
May
1933
To Deo, 1912
To June., 1913
Apr. 1, 1916
Oct. 1, 1923
Juie 1, 1944
July 1, V 5, 2%
July 1, 1945
July 1, 1945
Jan 1, 1953
July 1, 1963
Dee. 1, 1927
July 1, 1927
Sept. 1, 1938
Feb. 1, 1947
May 1, 1930
Jan. 1, 1931
May 1, 1949
To 1908
1919
To 1908
Apr.
Apr.
July
1,
1,
1.
1,
N. Y., Guar. Trust Co.
N. Y., Farm. L. & Tr. Co.
1st Nat. Bk.,Moblle,Ala
5 g.
5-6
Various. N. Y., Farm. L. & Tr. Co
do
5
Various,
do
Various. N. Y., Gallatin Nat. Bk
5
Hep,'04 Mr.'ll
N. Y., Blair
5
M.
Co.
S.
N. Y., Equitable Tr. Co. To J'ne 15/12
4
m!"& *8. N. Y., Knlckerb. Tr. Co Sept. 1, 1991
4 g.
Si«g. M. <fe S. N. Y.. Gr. Cent. Station Mar. I, 2002
Philadelphia, Pa.
O.
Oot. 1, 1942
3Sg. A.
&
&
&
5g.
J.
&
J.
N. Y., Central Tr. Co.
July
1,
1980
Branoh, 9 miles, and Blooton Branch, 12 miles; total owned, 738 miles;
St. Louis & Cairo (leased), Cairo to St. Louis. 152 miles, with branoh to
Mlllstadt, 7 miles; Mobile & Bay Shore branoh, 38 m.; total included
in earnings June 30, 1904, 912 miles.
Warrior southern Ry., total
stock and bonds owned, but not Included in earnings.
History. Etc.—Opened in 1861 securities readjusted in 1879.
Lands June 30, 1904, were 242,229 acres, valued at $1^3.226.
In 1904 the Southern Ry. had acquired $8,000,000 of the
$9,472,000 gen. 4s and $5,632,600 of the $6,070,600 stock, issuing,
dollar for dollar, its collateral trust 4 per cent gold bonds in exohange
for the M. & O. gen 4s, secured by a pledge of the latter ami also stock
trust certificates for stock, dividends being payable (A. & O.) at 2 per
cent for one year, 3 p. o. for the second year and 4 p. o. In perpetuity
thereafter. Road operated Independently. V. 72, p. 241, 483.
Dividends.— 1898. 1 p. c; 1903, 2; June, 1904, 2 p. o.; 1905, June,
4 p. o. See paragraph above.
Stock.—Stook authorized, $10,000,000; outstanding, $6,070,600
par, $100. The voting power on $4,984,200 of the stook is exercised by
the general mortgage bondholders by virtue of the deposit in trust
under the general mortgage of the old debentures of 1879.
Bonds.— Under the general mortgage of 1888 there can be no foreclosure till four coupons are In default. Mortgage abstract, V. 47, p.
83. V. 60, p. 967
Interest on $4,000,000 St. Louis & Cairo 4s is
guaranteed. As to Mont. Dlv. 1st 5s, see application V. 66, p. 1045.
In Mar., 1904. *1.250 000 equip nentbonds were sold. V. 78, p. 1392.
Of the $2,500,000 collateral trust 4s of 1900, $2,167,000 were lasuable In exohange for the $6,500,000 St. Louis & Cairo stook. See
V. 70, p. 532. In 1904 $6,492,000 stock had been exchanged.
Gross, $7,543,951; net, $2,416,3«7
Earningb.-II mos., ) 1904-5
July 1 to May 31. \ 1903-4
Gross, 7,112,500; net, 2,200,131
Report.— Report for 1903-04 in V. 79. p 2082.
190L
1904.
1902.
Tear end'g June 30—
1901.
Miles operated
912
874
874
874
Total gross earnings. $7,739,706 $7,486,980 $6,509,488 $6,139,912
2,275,809
2,020,302
Net earnings
2,339,796
1,807,061
2.377,939
2,130,667
Net, lnol. oth. income. 2,462.826
1,922,012
;
Interest
and rentals
Balanoe, surplus*..
1.677,587
1,630,663
1,589.107
1.555,310
$785,239
$747,276
$541,560
$366,702
Equipment and new construction
(additional to operating expenses) cost $389,416 in 1900-1, $417,510 in 1901-2, $334,650 In 1902-3,
and $451,799 In 1903-4; in 1902-3 dividends on stoob, $107,412 (2 per
cent) were aleo paid, and In 1903-4, 2 p. o., $121,412— (V. 80, p. 2621.)
(Set Map N. T. Central .)—Owns from
A. Malone
Herkimer, N. Y., to Malone with branohes, 182 miles In all.
History, Lease, Etc.— In 1893 N. Y. Central leased the road and
*
Mohawk
RR.—
guaranteed its first mortgage bonds. New York Central owns the
$5,000,000 stock, on which dividends of 4 pur oent yearly are paid.
In 1902 a new lease In perpetuity was made and $10 000.000
313 rer cent consols authorized, of which $2,500,000 reserved
to retire at maturity the first mortgage bonds and $3,600,000
for Improvements and enlargements.— (V. 74, p. 630, 830, 937.)
"Monon."—See Chicago Indianapolis & Louisville Ry.
Rloiiongaliela RR.— Brownsville, Pa., to Redstone Jot.. 35 m.,
connecting with the Pittsburgh & Lake Erie and Pittsburgh Virginia
& Charleston (Pennsylvania system lines), which guarantee the bonds
(see table above), principal and int. by endorsement. Stock, #1,000.000. Pennsylvania RR. owned $71«,000 each and Pittsburgh A Lake
Erie balance of the atook and bonds.
HoniuisHbi'lii River RR.—Road from Fairmont to Clarksburg,
W. Va., 31 miles. Road opened inl890. B.&O.owns allof the$l,300,000 stook (par $100), the coal bonds being reduoed te $1,000,000. Car
truet 6e, principal Apr. 1, 1902, $377,000.— (V. 70, p. 1 092.)
Montana RR.— See pa^e 463.
Montgomery Krie Ry.— (See Map Erie Railroad.)— Owns Montgomery to Goshen, N. Y-. 10 m. Leased in 1872 to Erie RR.— whloh
see.) Rental Is $16,000 per annum. Stock, $150,000. Dividends (4 1«
Sinking fund $6,500
p. 0. per annum) are paid May 10 and Nov. 10.
per annum. There are $40,500 2d mort. 5s due Oot. 1, 1927.
&
Morgan's Louisiana
.V
Texas RR.
&,
MteaniNhl|tConipany.
—( See Map of Southern Pacific.)—Road—Owns Algiers to Cheney vllle
205 miles; branches, 99 miles; trackage to Alexandria, 24 miles; total
railroad lines, 328 miles; steamship lines and ferries, 806 miles.
organization.— The Southern Paclflo Company owns an of the $15,000,000 stock, but road operated independently since 1901.
In year ending June 30, 190i, gross, #4,799,708; net. lno. other
income, $2,358,660; sur. over charges, $1,630,002 —(V. 76, p 543.)
Morris <V Essex II It.— (See Map 01 Oetaware Lackawanna A
Western.)— Owns from Hoboken, N. J., to Phllllpsburg, N. J., 85 miles;
branoh, Denville, N. J., via Morris <fe Essex Tunnel, to Hoboken, N. J.,
35miles; leases 37 miles; total operated, 157 miles.
Leased In perpetuity to Del. Lackawanna & West., whloh aasumea
all liabilities and nuarantees 7 p. o. per annum on stook.
Bonds.— Of the $35,000,000 1st refunding 3"«8, $23,968,000 were reserved to retire existing bonds and $11,032,000 were applicable to
additions. V. 70, p. 480, 477; V. 71, p. 1167 Guaranty, V. 74, p. 1308.
Karnings.— Important to route with terminal facilities on N. Y. Harbor, but the earnings show a deficit after payment of rental (Including
$1,050,000 dividends), viz.: In 1903, $449,121; in 1902, $595,976; In
1901, $1,416,179.- (V. 74, p. 1308.)
July,
1905.]
RAILWAY STOCKS AND BONDS.
381
:
:
:
RAILWAY STOCKS AND BONDS.
382
Vol. lxxxi.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount
Par
of
For explanation of column headings, Ac, see notes of
Outstanding Rate per When Where Payable, and
on first page of tables.
Road. Bonds Value.
Payable
Cent.
Whom.
M
1866 $1,000
$130,000
M. A
<t Erie Ry.—leX
(old 7s ext. in '86)
5
102 1878
1,000
5,000,000
Morgan's La. dt Texas— lstM.(NOr.toMorg C.).Fo"
7
A. &
mortgage, Alexandria Extension, gold.F
157 1880
1,000
1,494,000
1st
J. A
204 1893
1,000
1,000.000
General mortgage P
I* J &
50
15,000,000
Moms <k Essex—8tock, 7 p. o. guar. D. L. &
7
J. A
"85 1864 500 Ac
5,000,000
M. &
1st mortgage
7
120 1875
1,000
11,677,000
Con. M. (for $25,000,000) gnar. D. L. A W. fJ*o*<fcr
7
J. A
120 1900
ll,600,0i
1,000
3>« g J. A
1st ref. mort., g., $35,000,000, gn., p. A end. F.o'&r
4i«
Var'us
1,800,000
Special real estate bonds
J. A
100
221,000
M. &
Morris & Essex Extension stock, guar. 4 per cent.
4
1903
1,000
250,000
Morrmtoum dt Erie— 1st M., $300,000, g., sink. fd..
5
M. A
50
282,350
12
J.AJ
Mt. Carbon dt Port Carbon RR.—Stook (rent'l guar.)
38 1900
1,000
160,000
Munismg— 1st mortgage, gold
4
A. A
28 1898 300 Ac.
398,000
Muscatine No. dt 8o.— 1st M., $450,000, gold. N
5
J. &
— 1st M., gold.Ce. 37 1886 1,000
750,000
Muskegon Or. Rapids <£ Indiana
5
J. A
85 1896 1,000
70.000
4
F. A
Narragansett Pier RR.— 1st mort., $100.000
15
100
800,000
9
M. A
Nashua <t Z/©w>eM— 8tock, 9 p.o. rental, 92 yrs.B. AM.
100 10,000,000 5 In 1905 F. A
Nashville Chattanooga dt St. Louis Stook
3*46 1873
o*<fer
1,000
6,300,000
7
1st mortgage (for $6,800,000)
J. &
125 1877
1,000
750,000
6
J. A
1st M. on Fayette, and MoM.brs. ($6,000 p.m.)o*&r
o*
29 1877
1,000
300,000
6
J. &
1st mortgage on Lebanon Branch
43 77-*83 1,000
431.000 6g. A 8 J. A
1st M. on Jasper Br (*60 ony are 8s, due'06)Ce.c*
46 1883
376.000
1,000
6 g. 3. A
1st mortgage on Centre ville Branoh, gold.Ce.o**r
o*<fcr
20 1887
1,000
307,000
6
J. A
1st mortgage on Tracy City Branch
48 1881
21,000
Duck R. RR., 2d mortgage, now 1st mortgage, g.
6 g. M. A
1,000
7,603,000
OonsoL M. ($20,000,000) $20,000 p.m.. gold. Us. o* 803 1888
5 g. A. &
119
25
Nashmlle <t Decatur—Stock, gu. 7»a p. o. by L. & N.
3,545,750
J. A
Louisville A Nash VILLE
Nashville Florence dt Sheffield— See
1902
1,000
m'l— 1st M.,g., Int. rent., red. 105,beg.'07
Nashv. Te
1,000,000
* g- J. & J
National RR. of Mexico—
Prior lien M., $23,000,000, g., call at 105.TJn.o*. 1,405 1901 500 .fee. 20,000,000
4^3 g. J. & J
First eonsol. M., $60,000,000, g. (see text).Ce.o* 1,405 1901 500 do. 23,191,000
4 g. A. A O
Montgomery
W
—
do
do
Stook, $400,000,
August, 1903.
*11
outstanding; par ol shades, $100.
President, R.
Bonds are subje t to call for sinking- fund at any time.
W. MoEwan, 11 Broadway, N. Y.— (V. 77, p. 511..
A
Port Carbon RR.—Owns Mt. Carbon to Port
fflouiii Carbon
Carbon. Pa., 3 miles; second track, 2 Ls miles; total traok 16 miles.
Leased March 5, I860, for 50 years to Phlla. A Reading RR. and lease
assumed In 1896 by Phlla. & Reading Railway. Rental $36,250 yearly
iTJ n».cailiie North A South RR.— 8ee page 463.
ITluHkesroii Grand Rapid* A Indiana RR.—Owns road
Grand Rapids to Muskegon, Mich., 37 miles trackage, G. R. A Ind al
Grand Rapids, 3 miles. Operated by Grand Rapids A Indiana RR.,
which was foreclosed in 1896; consideration, net earnings Stock,
autboilzed, $350,000; par, $100; Issued, $1,000. Coupon of Jan ., 1904,
paid In Feb., 190 >. Earnings for year ending Deo. 31, 1904, frross,
$171,687; net, $40,851; int. on bonds, etc, $40.214.— (V. 80. p. 600.)
Nashville Chattanooga A St. Lout* Hy.—(See ifap.>— Owns
fron Chattanooga, Tenn., to Hickman, Ky., 320 miles; branohes to
Lebanon, Ao., 490 miles; leases Western A Atlantic Chattanooga,
Tenn.. to Atlanta, Ga., 137 miles, and Memphis A Paduoah Division of
the Louis. A Nash 254 miles. See V. 71, p. 544, 664, 864. Total operated July 1, 1904, 1,201 miles.
Obganizatiom.— A majority of the stook ($7,177,600) is owned by the
Louisville & Nashville, of wblcb $5,501,500 Is pledged under Its unified
mortgage, etc, so that the systems are operated in harmony. West'n A
Atl. fs leased from State of Ga. till Deo 27, 1919, at $420,012 per an.
DrvrDEWDS ) 1888 1889 to 1892 '93 '94 *95 '98 *99 to '03 '04 1905.
4
5 yearly
3\ 3^4y*rly None
5
alnoel887... S 4>«
Bond*.—The Tracy City branoh 6s fall due $20,000 yearly on Jan. 1
to 1916 Inclusive, and $100,000 on Jan. 1, 1917.
Consolidated mort. of 1888 provides that all prior bonds shall be paid
off at maturity; sufficient ol the $20,000 p. m. are reserved for them.
Jointly with Louisville A Nashville guarantees $2,500,000 L. A N.
Terminal Co. bonds. See L. A N. V. 75, p. 1354. Guaranty of $21,000 Aetaa Iron, Mfg., Mining A Oil 6s, V. 77, p. 2390.
Latest Earnings.—July 1 to May 31 (11 months)
;
,
11 mot.
Net.
Cross.
Interest.etc.
Bal.,sur.
$1,649,2«4 $742 421
732,3i5
1,655,740
Amnoal Rbpobt.—Report for 1903 04 was In V. 79, p. 1637.
1904.
1903
1902.
1901.
fear ends June 30.
1.195
1.195
1.201
1,195
Mileage end of year...
$10,206,022 $9,60«,370 $7,992,530 $7,620,128
Gross earnings
2,370.416
2,509,002
2,624.992
2,610,766
Net earnings
22.065
22,253
18 .297
18,130
Investments, eto
2,«32,H3l $2.3*48.546 $2,531,255
$2,64-1,289
Net income
1,183.473 $1,196,957 $1,231,484
Int. on debt and tax.. .$1,183,286
625,878
625.878
625.878
625.878
Rentals
Miscellaneous
^6.000
26,000
41,000
54,514
400,00
Dlv. on stook, 4 p. c
Balance
*nr.$368.126 sr.$797,480 sr «52i,711 sr.$619,380
-(V. 79. p 731, 1637; V. 80, p 163; V. 81, p. 265.)
$2,391,705
2.388,055
$9,282,445
9,340.603
1904 5
1903 4
RR.—
A
jDecatnr
< See Map Louisville dt Nashville.
Nashville, Tenn., to Decatur, Ala., 119 miles. Re-leased t<
Louisville A Nashville In 1900 for 999 years, the rental being 7»s per
July 1, 1904, owned $1,971,600 of the
cent on stock. The
Stock.-(V 68, p. 928; V. 69. p. 1012; V. 70, p. 1195.)
Owns bridge across the Cumberland
Na-hvllle Terminal
River and 18 m. of track Leased for 99 vrs from May 1 1902, to Tenn.
Cent. RR., which owns entire $1,000,000 i-tock. (V. 74, p 57/ 830.t
of Mexico.— (See Map.) Operates a road exNational
tending from Corpus Christl.Tex on Gulf of Mexioo, to City or Mexloo, with branch to Uruapan, and various other branches, as follows:
Nashville
Ownsfrom
LAN.
RR.—
RR.
,
Standakd Gauge— Owned
Miles
802
Laredo to City of Mexioo
Colonia to Taouba(3 rail traok) 3
3
Ointura line (3 rail track)
50
San Juan Jot. to J aral
4
Vaneiras to Matehuala
Montere> to8anMlguel(below)131
3
Othel
Vonlrolled Secur. owned.
Corpus
Texas Mexican Ry.,
Chrlstl to Laredo, Tex., and
162
branoh
—
Total standard gauge
1,195
Nabkow Gaoob— Own- d
City of Mexico to
Aoambaro
Miles
Uruapan .312
to Gonzales
55
37
74
'Rinoon to Hozos
* M atamoros to San Miguel
Leased—
Mlchoaoan A
Pacific Ry.,
ra vatlo to Zltacuaro
Total of
all (see
below)
Ma57
May
1,
1,
1,
I,
July
& West
do
do
do
do
do
do
do
do
do
do
Brooklyn Tr. Co., N. Y.
Phlla., Read'g Terra'l.
Am. Trust Co., Clevel d
N Y..N.Y Sec. A Tr Co.
Jan.,'04. pd Feb., 1905.
R.r.Hosp.Tr Co., Prov
Nashua, Indian Hd. Bk
N. Y. and Nashville
1926
1918
1920
1918
1,
1,
Apr.
1915
2000
July
July l, 05, 3^
May 1, 1914
June
Deo.
1912
May
1905,
2%
Sept. 1, 1923
ulyl5.'05,6%
Oot.
1,
Jan
1,
192S
1929
1928
1916
Hanover Nat. Bk
do
do
do
do
do
do
do
N.Y..
July 1,
Auk. 1,
May. 1<>05 4*«
Aug. '05,2i<!%
July 1, 1913
1917
1917
Un.,1906A'23
Jan. 1, 1923
Jan. 1906 to'17
Nov 1, 1909
Apr. 1 1928
Jan
do
do
do
do
do
do
do
Jan.
July. 1905,
Nashville.
Mere. Tr. Co.,
St.
N. Y., Speyer
Louis
&
Co.
do
do
1,
1.
3\
Jan.
1,
1932
Oct.
Oct.
1,
1,
1926
1951
Standard-gauge train service Inaugurated between Corpus Christi
and City of Mexico on Nov. 8, 1903.
Organization.— Incorporated in Utah on Feb. 24, 1902. as successor
without foreclosureof Mexican Nat.RK., per plan in V. 73, p 784.
Msxican Government. Etc.— In June, 1903, the Mexican Govern-
ment purchased
fur $9,000,000 about 47 per cent of the entire outstanding stock. See V. 76, p. 1301; V.77, p 45 ".Nearly all of the $33,350,000 common stook consented to the conversion of that stook
Into new 5 p. o non-cum. "second preferred" and "deferred" stock, to
be issued at he rate of two shares of seoond preferred and one share of
deferred for every three shares of common stook, per plan V 76, p.
1192. The Government holds $10,000,000 first prererre 1, *9,343,900
second pref. and $10.h2s, 800 deferred stook. V 7". p 1225, 1 159
The National Company acquired the *l,0*8,0o0 Interooeanlo
Ry. of Mexioo second debenture stock, the latter, witu preference and
1
common
shares owned and since acquired, giving practical control.
thus securing for the Natlor.al a line from Mexioo to vera ruz and an
outlet to the <*ulf of Mexioo. (See "Geueral Finances" below.)
The Government also consented to the consolidation of the Na
tlonal, Mexican International and Interooeanlo .j «., and grant an exclusive concession for 20 \ ears from October 31, 1903, to construct a
road In a zone 50 kilometers wide witn the Rio Grande Riveras the
northern boundary, and extending from the Gulf of Mexioo to a point
100 kilometers noithwestof ludad Porflrio Dial. (V. 77. p. 2159.)
Stock Common stook was $33,350,000 and pref. (now 1st pref.), 4
non-cum., $32,000,000, all outstanding. In OX... 1903. the comp.
mon sto k wa* mostly exchanged for new 2d i>ref stock total l«sue te
be $22,233,333) and deferred stook (total Issue to he $ll,lln,666). See
above Outstanding, 1st pref., $32.0 ',000; 2d pref.. $2l.»42,000;
deferred, $10,971,000; common. +43-4,50"; par of shares. $100 each.
The first preferred has a prior right to 4 p c, then second preferred ft
p. c; thei> 2d pref. and deferred snare pro rata.
Reserved.
Bonds.—The new bonds are reserved as follows
Prior lien bonds. Total issue [except to refund, $ for $,
Mexican International RR. prior lien bonds, now
$5,850 000] not to exoeed $23,000,000,of which are
reserved for genera) purposes
$3,000,009
First consolidated mortgage percent gold bonds. Total
refund, $ for $, Mexloan InternationIssue [except to
al RR 1st consols, now $7,^03,000] not to exoeed
$60,000,000 of which there are reserved
Reserved to retire new prior lien bonds when due
23,000,009
1
1
>
•
Reserved for improvements and new equipment, at
not exceeding $500,000 a year
6,000,009
Reserved for acquisitions of new property and for extensions at not exceeding 4110,000 per mile of standard-gauge line, or $7,500 per mile of narrow-gauge
line, on which the eonsol. mortgage will be a first lien
9,000,009
The new Issues of bonds are secured by a first and second
respectively, on
all
the property of the Company now
lien,
owned or provided for under the readjustment and the El Hal to extension when constructed, and also upon the seourlties of the Texas Mexloan R\ and ihe oonsol mortgage has »lso a first lien on $15,786,100
of the $20,708,200 capital stook and all of the $4 49H.0OO luoomes
of Mexloan International. Of the $22,000000 consols Issued, $756,500 Jan, l, 1904. were in treasury, or pledged for «oid notes of 1903.
Of the Mexloan Iniernatlonal oonsol. 4s, +5, til <,0OO are guaranteed
principal and Interest. See that oompany's statement: also V. 75, p. 77
Gh.NhKAi. Finances.— In 1905, $1,500000 two year 5 p o notes
(authorized issue. $10,000,000), were sold to pay for control of Interooeanic Ry, dated Oot. 1, 1903. They are subject to call at par on
I'hey are
60 days notice; denominations, $1,000 and $5,000 each
secured by deposit of £1,038.400 Interooeanlo Ry. of Mexioo second
debenture stk., 21,251,830 ordinary and *102,ooO seven p.o cum pf.
stock, $3,000.o0o Mexican International 1st oonsol (stamped guarannsols
The r< malnlng
() 000 Nat. RR of Mexico 1st
teed) and $1
$1,500,000 notes may be Issued on deposit of additional security.
Gross, $5, 9^,630, uet,*l ^46,178
Earnings-5 months, / 1905
Jan 1 to M y3
U904 ....Gross, 4,9b2, 95. net. 1,574833
Above figures are in Mexican ourrency See also V. 77, p. 1225.
Annual Rkpobt.— Fiscal yeai ends Deo. 31. Report for 1904, with
.,
.
the nal. sheet, etc., wai given In V. 80, p. I90H. 1»17; edit. ..1946.
Gross and net earnings below are given in Mexv-an oureuoy, the lnoome at-oount In O S currency. For earnings of the Mexloan International (operated separately) see statement of that company.
EARNINGS— (D. S. CURRENCY EXCK.PT GROSS KAKNINOS.)
19 '4.
I9U3
1902.
Tear endinq Dee. 31—
1,452
1.349
1,586
Average mUes operated
Gross earns. (Mexican ourrenoy). $11,569,248 $1 1.344,019 $9,262,860
3,8H4,576
3,70\4;<0 3,214,176
Net earnings (Mexloan cuirency).
1.563 0i6 1,329,429
Net earns. (United States currency) 1,786,884
INCOME ACCOUNT — (UNITED STATES CURRENCY.)
1,731
Being changed to standard gauge.
Also confols by ownership of a majority of stook the Mexican International RR., extending from connection with the Southern Pacific
at Eagle Pass, Tex., to Durango, Mux., and to the National RR. of
Mexioo at Monterey, with branches, 8^4 miles in all. Interoi eanlo Ry.
Grand total system
of Mexioo (controlled—see belowi. "36 miles
to be about ->,3.'0 miles. The extension from Monterey tj San Miguel,
148 miles, was completed In April, 1905.
*
Dividend, %.
do
do
N.Y., Del. Laok.
When Due.
Stocks -Last
Goshen, N. Y.
N.Y.,S.P.Co.,120 B'way
;
]fI»ni»lowu A Erie RR.— Owns Morrlstown, N J .roWhlppany,
4 miles; branches, 9\ miles, Including branch from Whippany to Essex Fells, 7 miles, completed January, 1^04. A consolidation In
pal,
b>
lwi.
IMS.
..$1,' 86.88 $l,6«:i.0»B
Net earnlnes
3.H6S
&.' 48
lnt.,dl«c. A exch..
336,a»t1
660, 108
Int. on bond*, eto
Gain n Mexican
<
njunej assets....
103,018
166,994
Deduct—
Taxes and ron all.
Interest on bonds.
Loss on Mexican
money
asxets
t*,4»6,2l 112,077.678
i.flS
1003.
I28.H24
1,807.801
55,390
Traos Mexiciiully.
net enroluits
Total
Surplus for year
1904.
|zt
a,i'4 <40
Total
1IH.898
79,268
« 8:8.691 $1>68.W47
|7l,«20
lloa.781
,
July,
RAILWAY STOCKS AND BONDS
1905.]
Capltan
CarrizozoJ
SM
/»
.
LLANOl
ol
lioswell.
E
*/<fe
>
«£S$2£.
ESTACADO
o
ch
i
^Kincon
Nutt
383
MineoJ
Cox Canon ^J (Spring Lake
°eo
^oje
alias
Malaga
'WaxaliJilVluH
Sweetwater
* Y)
f
^Germatiiu
&)
DubliiNCcew.
f ^*-
°°h
Midland
El Paso
—*\
"y^y^
San Angelo 1
Btanca
X
«i£
'
1/ ^_^^Wjoritieana
A^*VillL^7*^S>.
Gatesvillei_:
Burnett
Llano
^
>!&
AUS
KerrVille
,6-e^
ft.
^Navasota
Maiible Fai
Stf**
p«
irenham\
rttf
n
est Point 1
\Viaducfe
Presidio dejJNorte
San Antonich
0*£,
r
^
k
Sto.
*:
o_
Piedra Blanca
,
,
iy Southern *'
Spoffor.d Jc.
f
Jimenez
,,
Tresidio
Domingo
I
San Vicente
tChiliuahua'o
i,,
/*
[Eagle Pass
i
^edrasjNegras )//t"
/
Cotulla
k
\
As?*
L. Jaco
^ MoJadSK
!Esca^m\rlJ£^
Rosario
»iJosario_._
^
c^
€
Ca^^ ^
**
^ME)
^RA.NSAS PASS
/S CHRISTI
WTO** ^.
«-<#££
4,
*
\!^*/'«. \ *
Col^oVA^^
"^^
£
B A;
&
^*yskidm3r
jj
I
0B
KenedS
jClUDrtD PORPIRIO DIAZ
Canon de Encinillas
lllende
_
X^
lc Gr(*
r^wnwood^v
rrft
U
'
Moigaiih>v^^rr77r/| Jacksonville,
Colemaj/Jc.
Rowena
ft
_
B 'KSa'\dj)
Ccisco
.
.6°
W^iVi
f^'S
.«.°
j*
<f
a|>
,e
S
,
o'*Bran ca,'""
\
'eM
Qua
(WDURAriW
1
J^iM^
& ^nzaiezX
^Constancia /
(
oNombr/de/Dios!
I"
/
O
La/TraebaM
,'
f&
3^Jp
faaHSMQCS^SU
/p. t
^
^iudad Victoria
Irande "
<>
^ «Berrend6^.
J
Fresnillo
SajiJVancisco
SS
Wfi^
^| Los Chaic^
'|CA,LIENTCS^
lrSto.Mariay
DE-^i>T&feQ
#^\\
^^Q^J^eUpi
RI °
eria
VEH
CaoalotcX^^i:
SttV vaviP
tra r
A
T
B^A
S&Os
/O Y\T
"&
^t- / Sa»fc Ea*5^!J!fe
-e
i^Motzorongo
vl-
^<^
.Iguaja^j.
/<f\.
J-
M
MAP OF THE
Xtbfct.P
U0
Chllpancingo
NATIONAL K. R. of MEXIC(f
MEXICAN INTERNATIONAL R. ]
AND
O
INTEROCEANIC RY. or MEXICO
c>
Cuicntla
)
.
RAILWAY STOCKS AND BONDS.
384
RAILROADS.
Miles
Date
Size, or
Nat.of Hex — (0<m.)— Col.notes, $1 0,000,000,g red.
Naugatuck— See N. Y. New Haven A Haktford.
Bonds—PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Amount
For explanation of column headings, &c, see notes
of
of
Par
on first page of tables.
Road. Bonds Value.
Outstanding
Cent.
22 H
Nevada Co Harrow Gauge— 1st mortgage
Newburg Dutchess <t Connecticut— Col. trust bds.Ce
59
59
Income mortgage for $1,625.000
r
N.Eng — Con. (now 1st) M.,$17,500,000,g.gu.ltla c* 359
359
w.Y.*N.E.BoV.Term!istM"$i!500.o"6o.AFr!c&r
1899
1,000
1888
1,000
1896
1,000
1891 500 Ac
1877
1,000
1895
1,000
1895
1,000
1889
1,000
A
J. A
J. &
M. A
J. A
J. A
A. A
F. A
J. A
M.
519,000
750,000
225,000
221,000
1,164,500
7.500,000
10,000,000
1,500,000
New Eaven & Norihan pOn—See New York N EW H AVEN A Habt FOHD.
5 1886
1,000
New Jersey Junction— 1st. M., guar., $4, 000,000. c&r
1,700,000
W'w Jersey A New York— See Erie RR. Co.
26 J 905
1,000
See text.
New Jersey rf Pennsylvania- 1st M M.000,000, g.
7 1901
1,000
260,000
New Jertey Terminal— 1 at mort., $250,000. Col....
121
100
1,500,000
New 1 on don Northern — Stock
c*
18PO
12^
1,500,000
1,000
Consolidated M.. now 1st M. ($688,000 are 4s).
.
35
1ft mortgage, gear, p <fci
N. Mtx. By. rf Coat— 1st & con. A col. tr. M., g Col
165
Collat. tmst, g( Id ($3,000,0C0» red. at 105 N
Gen.
$3,000,000, g red. Pee tex< A ol
Alam. A Sac. Mt 1st M., $900,000. g., guar...N "31
128
El Paso A Rock L, 1st M.,$2,500,000,g.,gu.Col.c*
Dawson Ry. & Coal. Coll. tr., g gu. p. & l.Col.o* 133
New 0>l>a*sGt. Morthetn-lBt W gold Fee text..
i'96
New Orleans <& North Eastern— Stock, $6,000,000..
196
c*
Prior Hen M.,g. Ce
196
o*
1st mortgage, gold.
196
o*
General mortgage, $8,000,000, gold.F
Income mort. (non-enm.), $1 ,500,000, gold. N.. r 196
New Or I. lerm.— 1st M., $15,000,000, g.. gu.S c*&r
Newport <£ Cincin. Bridge.— Bee Louisville A Na BHVIL
West River
M
,
,
,
.
F
1905
1901
1*97
1,000
1903 500, Ac.
1898
1,000
1901
1,000
1901
1885
1,000
1881
1,000
1902
1.000
l.OfiO
1902
1903 l,OO0Ao
RR.— Owns from Nesquehoning Junction
toTamenend, Pa., 17 miles; Tunnel Branch to Lansford, Pa.. I mile
Leased for 999 years to the Lehigh Coal A Navigation Co., which called
the stock for pajment at par and interest on Sept. 1, 1904, and holds it
in its treasury see -Del Di r. Canal" V. 66. p. 1 139.— V. 79, p. 103.)
(
Nevada-< allfornla-Oreeon By.— Reno,
Nev., to Madeline, Cal..
144 miles: extensioi proposed to lake View, Ore., 95 miles. The Sierra
Valleys RR., Plumas to Mohavk, Cal., 37 miles. i6 controlled, but
operated Independently. V. 79, p. 2641. Stock, common, $1,450,000;
pref., $750,000, all out. Bonds all exchanged for 5s in 1901-02.
Gross, $200,142: net, $90 703
Eahningb-11 months, ) 1904-5
<19<3-4
Gross, 174,052; net, 65,172
Jnly 1 to May 31.
Surplus over charges, $67,019 In 1904 5, against -41 268 In 19* 3 4.
Report for year 1903-4 waf in V. 79, p. 2641, showing, gross. $194,835; net, $81,735; int. taxes, etc., #38,421; balance, sur., $43,314.
Pres, D. C. Moran, €8 Wm. St., N.Y.-(V. 7 9, p. 2456. 2641.)
Battle Mtn.. Nev., to Austin, Nev., 94
Nevada Ceniral
miles, narrow gauge. Stock. $750,000. Earnings for 1903-04, gross,
$29,261; net. $3,705; no interest paid by railroad. Pres., J. G. Phelps
RR.—
(V. 74, p 379.)
—Colfax to Nevada City,
25i* miles. Stock, $26( ,200; par of shares. $100 each. Dividend
Oal.,
of 6 p. c. (fourth since organization was paid Dec. 1903; in 1904,
Mar, op o.;Nov„ 5p o. Bonds: $225,Ot>0 first 7s, payable in annua)
Instalments increasing from -4.000 In 1902 to $20,o< in 1924. Year
1904 gioss. 91 28,135; net, $37,997: Interest $16,132, Improv'ts,
bonds redeemed, etc.. $5,79'; divid«nds (10 p c.), $25,020; ba).,
deeol\$8,b51. Pres., Mrs. S. A. Kidder, Grass Valley, Cal. (V. 79, p.
2796.)
Newark Somerset A
RR
Strait*..— Sold to B.
Newburgr, Dntehew* A Connecticut
A
See V. 70, p. 792.
O.
RR.—Owns from Dutohess
Junction. N Y toMillerton.N. Y..59miies. In July, 1905. a majority
• f all classes of securities had been inquired it was nrdi rstood, in
the inteiesi of the N. Y. N. fl. A Hurt RR., the minority holders being
• flei<4 the san eteims to Oct. If 1*05 V. 81, p 265.
Stock. Etc.— Common, $500,000; preferred, $600,000; par $50. In
year ending June 30, 1904, ^ross, $171,413; net, $25,556; other income, $725; interest, taxes, etc, $19,483; bal., surplus, $6,798.— (V.
85, p. 668; V. 81, p 265.)
Boston to Hopewell Junction, N. Y.,215
Kiiglanri
miles, and branches to Springfield, Mass., Providence, R I., etc., 144
m'les. Lines leased: Norwich A Worcester RR.,72 m. Providence A
Spring. RR., 28 m.; Woonsocket A Pascoag RR., 9 m.;other lines, 38 m.
Histoby.— In June, 1904, here was held by the lessee all except
$15,200 >f the $20,000,000 common and $9 000 of the $5,000,000 pref.
stock V. 66, p. 384, 617, 10o2; V. 69. p. 1012. In July, 1905, merger
with the New Haven road was pending. V. 79, p. 2796.
Bonds.— See guaranty of consols, V. €4, p. 611.— (V. 79, p. 2748.)
J*>rs»»jr Junction
Terminal road through Jersey City,
Hohoken <uu Weehawken, about 5 miles. Leased for 100 years from
June 30, 1&86, to New York Central which guarantees the bonds absolutely and owns $100,000 stock. Connects with National Docks Ry.
RR.—
New
New
RR.—
& New
New
RR.—
Jersey
York
Owns from Erie Junction, N. J.i
to Garnerville. N. Y., 29 miles branches to New City, etc, 5 miles operates to Raverstraw, etc, 14 miles; total operated, 48 miles. Erie RRIn April, 1896, purchased control,
stock, $1,440,800 common; $787.
800 preferred; par, $100. Control is with preferred stock and tlrst
mortgage till 6 per cent has been paid on preferred for three years Year
ending June 30, 1904, gross, $3^6.280, net. *52,0l6; interest, etc,
$61,390; improvements, $ ,985; bal.. def.. $15.359.— (V. 65, p. 824
J. rsey A I*. i>iim>I vanla
Whfehonse to M rrlstown. N. J.. 26 mi es. A co solvation of Rocknway Valley Ry. and
8| eedweli Lake KB, Incorporated Tec. 21. 1904
Stock $210 000
:
;
BB.—
he $1,000,000 mortgage (see abov. was
$145,000.
madetopa} all outstanding obligations ;,ud #12 ,000 R<>ck way Valley
bonds, rue Apr l,190fi.mosi of which have lieen retired. The Cor-
outstanding.
I
)
poration Trust Co. of
The
lmii.iH
have
all
New Jersey is mortgage trustee. V. 80 p ^22.
been issued, but in MMrch. 90% were 'held in
1
company's treasury Gross earns Tor yenr 1904 were about $73 000.
President, Chas L. Jacobus; 8ec and Tieas Louis E. Spuncer. Office
37 Wall S ., N. Y.-( V. h 0. p. 222.)
New Jir«cy Terminal Ry.— See page 464.
,
New London Northern RR.—Owns from New
London, Conn
via irattleboro, Vt., to South Londonderry, Vt., 15S miles. See V 76 '
». 1301; V. 80, p. h71.
Leabbij for 99 years from Dec 1,1891, to Central Vermont. The
rental Is $213,552 per annum, which leaves a small surplus after providing for Inter., etc, and 9 percent dividends. Taxes and improve-
ments met by
lessee,
without claim on
New London
1,
1905
Bros.
May 1, 1919
See text.
July 2. 1938
J Wells, F. & < o., S. Fran
To 1924
N. S.Y., Central Trust Co. May 1, 1921
None ever paid.
June 1, 1977
J. Boston, 8. Dep.A Tr Co. July 1, 1945
J.
do
do
July 1, 1945
O. Coup.,otHce;reg.,malled Apr. 1. 1939
Moran
J.
A. N. Y. Cent.
J.
A O
Q.-J.
A J.
5 g. A." A O
5g. A. A O.
6g. J. A D.
5 g- A. A O
J.
A Hud. Rlv.
Feb.
1,
1986
Corp'n Tr. Cc.Jer. City Jan.
1,
1930
N. Y., Colonial Tr. Co.
New London,
Oct. 1. 1931
July, 1905,!2>«
Office.
N. Y., Bk. of No. Amer.
Julv
N. Y., Colonial Tr. Co.
Sec. A Trust.
N.Y..N.Y.
New
do
N.
Y„
York.
do
Colonial Tr. Co.
do
do
N. Y., Fisk A Robinson
New Orleans, La.
N. Y., Central Trust Co.
N.Y., filler, RchallACo.
N. Y. Farm. L.
Tr. Co.
M
A
,
«..
(if
earned) on Dec
1.
1910
85 yea^s.
Oct. 1, 1951
Oct. 1, 1947
Ji ne 1, 1928
Apr. 1, 1928
Jan. 1, 19.M
July 1. 1951
1955
Deo. 1,'04.3%
Nov. 1, 1916
Jan., 1911
Jan. 1, 1952
July 1, 1953
July 1, 1953
1.
N. y., Standard Tr. Co.
Drvii>END8.— 1888 to Apr.. 1892, 7% yearly, then 8% yearly to 1893,
and sinoeto Oct.. 1904 Unci.), 2k p. c quar. (9 p. an )— V 76, p. 1301.
New Iflexlco Ry. & Coal.— (See Jlf ap).—Owns El Paso A Northeastern Ry., from El Paso, Texas, northeast 165 miles, to the Salado
Coal fields; controls and operates El Paso A Rock Island Ry ., Carrizosa
to Santa Rosa, 128 miles, opened 1902; Alamogordo A Sacramento
Mt. Ry., Alamogordo, N. M., to Russia, 31 m.; Dawson Ry. A Coal Co.,
Liberty. N. M., to Dawson, 13.-S miles, openeo in 1903; total, 457 m.
In Feb., 1902, the El Paso <V Rock Island Ry., with $2,500,000 stock,
Of which 60 per cent owned by the N. M. Ry. A Coal and $2,500,000 5
per cent guaranteed 50-vear bonds, has close traffic agreement with
Chic Rock Island A Pac. for 9v 9 J ears. V. 71, p. 1219.
The Dawson Railway A Coal Company, stock $3,000,000, has Issued
$3,000,000 collateral trust bonds which are guaranteed principal and
interest, and are secured by the stock and bonds ($3.000,00o each)
of the Dawson Ry. and those of the Dawson Fuel Co. t$l,i 00,000 each)
the latter owning about 25,000 aores of coal, mineral and timber lands,
V. 73. p. 900; V. 74, p 776.
In May 190- Phelps, Dodge A Co. acquired the entire stock and a
majority of the bonus of tie oontro led properties. V. 60 p 1971.
,
Northern.
k - Stock,
com., $.<,0O0,0OO; pref., 5 p.o non-cum.. $1,000,000.
trust 5s of 1897 are secured by deposit ol all stock and
bonds of E) Paso A Northeastern Ry. 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.
Of the first and consolidated and collateral trust 5s of 1901, $3,000,004 are reserved to retire the collateral trust 5s of 1897 and $2,000,000
are applicable for improvements and new equipment. V. 74, p. 776.
The iceneral 6s of 1903 are subject to call as a whole at 105 at any
lime; or on any June 1 beginning 1P09, not exceeding $150,000 may
be di awn at par by lot Equipment trusts Deo 31, 1903, $833,940.
In Dec, 1904, purchased equipment, $289,032 of oost being payable
$8 029 niomhiy. V. 79. p. 2796.
The bonds of the Alamogordo
Saoramento M't'n Ry., of the El
Paso A Rook Island and those of the Dawson Ry.
Coal Co. are
guaranteed. See al ove. Report for year ending Deo. 31, 1904, was in
V. 8 1, p. 208, showing net earnings of subordinate companies, $275,944; interest, $369,^39; taxes, $3,500; bal., def , $96,795. N. Y. offioe,
68 William 8t.-(V 80. u. 1729. 1971; V. 81, p »"8.
or cm iik Great Northern
Owns Pearl Fiver to Folsom, La.. :-«6 miles; branch t» Mandevllle, 12 miles; trackage, Pearl
River to New Orleans, 36 miles; total, 84 miles. To be built to
Sto<
Bonds— Col),
A
New
A
RR.—
w
Jackson. Miss making a mala tine about 1
miles 1 -tig from Jackson to New Orleans Const ruction is being pushed northwardly from
Slldell to Monticello, about 100 miles. Conirolled by Ureal Southern
Lumber Co., owning about 500,000 acres of pine timber. V. 80. p.
Successor to East La. RR. Htock. $2 500,000
998, 1235, 1913
Bonds, see table above Year ending Jui.e 30,1904, gross, $li 7,615;
net. $27,070. Officers and directors: V. H. Goodjear (Pre«t.); C W.
Good.\ ear (Vice- rest.), V. I James (Hecy ,M. E Olmstead. James D.
Lacey, N. G. Pearsali, E. H. Farrar (General Manager).— V. 80, p.;99i,
1235, 1729, 1913.
.
&
RR.—
New Orleans, La., to
Stock, $6,000,000 (par, $100), of which
4^s and $1,500,000 Incomes were held
$5,320,000 and $4,900,000 gen.
in June, 1901. by Ala. New Orleans Texas A Pac. Juno. Ry.
Reorganized in 1902 per plan in V. 74, p. 681. Dividend on stook, 3
$4,900,000
p. c, paid Not. 2. 1903; Deo. 1,1 04,3 p o. Of the gen 4
were issued in exchange for 1st 6s, $1,420,000 are reserved to retire
the remaining prior lien bonds and $l,32o,000 for future requirements. Car trusts Jun«- 30, 1904, $6,462.
Earnings.— For 12 months ending June 30, 1905, gross, $2,563,773.
against $2,416,966 In 1903-4. Report for 1903-04. V. 79, p. 2584.
Net.
Other inc. Int., etc.
Tr. end. June 30.
Oross.
Balance.
1903 04
$2,416,967 $6 8,450 $15,70<! $38^400
$254,752
385,124
2,285.036
627,472 11,461
253,809
1902 03
Liv. of 3 p. c calls for $180,000 yearly— (V. 79, p. 2584, 2588.)
Owns from Vldalia, La.,
North western
Orleans
northwesterly to Arkansas State line, 115 miles. Stook, $1,499,100,
all acquired by Iron Mtn (Mo. Pac system). V. 75, p. 14O0.
IMew Orleans
North Eastern
Meridian, Miss., 196 miles.
V
New
New
1
New
Oot.
N. Y.,
LE.
Nesqneboning Valley
NarrowKa"te
A5
A.
O.
N.
3.000,000
2,166,000
322,000
2,600,000
5g. J. A J.
3,000,000
5 g. J. A J
5,000,000
5 g. F. A A.
6,000,000 3 in 1904 Yearly
1,320,000
6 g. A. A O.
100,000
6g. J. A J
5,260,000
J. A J.
4>ag.
1.500.000
Up to 4^ p. 0.
7,000,000
* g- J. A J.
"Too
Pa.,
TSevpda Conntj
g.
Dividend.
4
1,792,01-0
1905
.
Stokes.
4
75 000
1,000
BimcioES.- Cleveland H. Dodpe, J. G. Metcalfe. Adrian H. ItellD Jr., J. N
Wallsce, Cbarle* U. Tweed, J> ^e^'b P. Cofon Jr. M. M. Re>nolde, all of New
T»rk: L. F. I.oree, Baltimore, Md.; Erresto Mndero, Monterey; Gnillermo de
Lands y F.sc*nd< n, FrnlUc Vela*co K. N. Browr>, Jose de I andero, Pablo
Also* do", Pai tii>eo Mei dez and Miguel de Ituit e all ot City ot Mexico.
Officebs.— Piesident, E. N. Brown; Vice Piesident, D. P. Bennet;
Treasurer, J. M. FTaz.er: Con ptro.'ler. IV M. Reynolds; Secretary. A.
Arralg. N. Y. office, 30 Pine St.- (V. 80, p. 136a, 1424, 1 9« 8, 1 91 7
;
5
9
Whom.
Payable
5g. A. A
1903 1.000 Ac $8,500,000
144
94
Nevada-Calif. -Oregon.— 1st M. $1,500,000, gold...
Nevida Central— 1st M.,g.,non cum., inc. (s. f.).Ce
[Vol, lxxxi.
,
RK.—
A
or'eans I'ermlnn] Co.— Ownsextenslve terminal property
New
Orleans and a belt railroad around the city, leasee to the
Louis A San Francisco an< southern Ry. fer 99 years Irom July 1,
1903, rental covering all »xpens^s of operations, maintenance and
charges. Southern Rv. and St. Louis A San Kran. each own half of the
$2,000,000 outstanding -tock ($5,OUO.00o autho izedi andi lntly Kuarhii i-i< the bonds (s«-e table above*; lsiued $3,">00,0 0.
See V. 78, p.
343. 1447; V. 79, p 1466 V 81. p 155. (V. HI, p. 81. 155, 213.)
Newport &. Cincinnati Rrld^e Co.— Sec Louisville A Nashville.
at
St.
Newton A NorthweMiern HR.—Owns Newton
to Rockwell
102 miles. Com pie ed early in i»04.
$2,50o,i 00, o' which $iOo,0()0 is 6 p. o. non-cumulative pref.;
Stock.
First morti. age bonds are subject to call on any inall outstanding.
10 and lntere«t. Both mortgnges cover road and 3,218
terest day at
aores bituminous coal lands total output of latter to be 1,508 tons
President, Hamilton Browue, Fraser, la;
dally. V 78, p, 4 ), 703.
Secretary, Chas F. Cushman, Boston, Mass.-(V 78, p. 49, 1275.)
City,
la.,
1
;
New York Brook I \ n A Manhattan Beach By.—Owns from
Fresh Pond Junction to Manhattan Beaoh (Coney Island), and branches
to Bay Ridge and Greenpolnt, 18 miles, of which 16 miles double track.
'
RAILWAY STOCKS AND BONDS.
Joi/r, 1905. J
Bland o
Xj AHeniou
Uj
365
-DENVER
/«-
Jberlin
^k§k
Mphi BOQ
c
\
Colby
Clifton
:
x
rOPEKA
Salina
i
SANTA FE3
V
8a J Ysidrof
Hondo
hoiuton
^
*i>anta
«fc
SaXFelipe^--.
„
T
\
/J^iftede
V
lOlranW^ati
V^^<
°'
;:
o"
A„'.„AJV"»^a
TOP. **
Ir^&Z
I
1\ /
YY™ nidad
Syfeft
AlvaJ
>
-
F Sand'-y^ _
^arilla
SANTA
,-
I
/La JuuTa
""
^"iOUTplEj^i
§I^"\A
FeV,
AlanVed^f
V
1,
v
la'i
W&C*^ \V
7#f ^0\^^_A\c/hara
JSciflMtn
aXeibrlco
LosTX^aresW La^Huert^
Dnran^
1 1 /
Cerrlllos
K.
JBernalillMP
\
JS'fw /"
A^
SAgostu^^ig^TonesJ
"IS
"
II
Z'
A,
J*Sx.
Ana
1
S Wf
San Ig»^ci«
Los Grle
SanMtpnito
^^;San^gt|mio.
\
O
Coa '
Minco
^o lbrook^
W
|^n ^©Albuquerque
E
—
rgdalena
Pajarito
ft.JP
Duncaii,
Texico
Childress'
,QM
IsletaSta.
Yernorl^-vTerra:
soafiJese
-»
n
\ \ ^" "V<^lr Peral la* vj§
_
T^
%JA /
Globe
Lordsbu
TucsoD\ owie
^^—
sou.
J^
,_
o;,uoad
>
ue,3F&asa
>
!
*™
S^el
S
"14
Juyp5^
I
I
Sweetwater^
Midlanc^.*^"^
Nogales
16
T
l
'
ifi^iKli. NutrlaJ^
Magdalena
I
San Jose
Thir^
CoaMfi/iesMfjor^T,,
<:::
£|
San Angelo
Temple?
Burned o^
Taylor)
.
^
J
Llano,,
Xerrville
Drydet^
sr^-
V^T'A
^^> =^^Vod^^
V
l_
*^VAlpme
,^
Hermosilio
^
^i
Valentine
Ojo Caliente
I
Cisc\
Big Springs,^—^^»cific
Sierra B1
1*"
/^^SabUial^jPSan l'sidro
Seymour
Albany Ft
ty
°
pa so
Agua
Puritaflel
Colorado' 5^
Lubbook s
'
l0
Denimg
.'
Benson
-—S*nlIoae£i(
Bowiel
KRoswelll
ft* *^fN>
'-^^ _"^, A>""^A\
DVri.toJi
C l%ft
N
*4 Y«/
Silver City
o
V N
.aft
///
Ef
L
Henrietta
Clifton!
[Flanders
^
/
C
O
San il\rcos/
,
San Antonip7
sou.
Leraitar I
o Deans
L.
C-Pryi.
'SANTA ROSA
iletnow
.
II
r—
•sBoM#;mol
o
s»ft
Antonio)
^^gi^m^jn^^-cr^aaai Sp
r>c
Carthage
Sa n
^
<
.
>
Antoaita/
Oocura Pft.^f
Arnyr
O
Valyerde
m.
]f.Craig
Pope
Burro
JicarillaSp^
•*ss?
5iS
P^%&
fnHl 1
derate/
:
Powder E.,
*;MEspinoso Sp.
4"i
„ J4*
^/
-$>
.
tflT
-fac
-^^
^,Richardson v
^M^"i^^!/'^
.
f
Tellow.L^jy
Pu entocttt)^.
VvOSl^""
r^fS^t.v'^^fcARR'zos^
BARREN
Lay
%& WJ^Abi,
pS|^pft ^fc <>y;
\Wo ^£ /$^>
PLAINS
r
Tr«s c«'-''o.
iLincoln^
j.drt
'
1
Patricio
r^O'»
>,
Hondo-
/
o
^
Alkali Flat
JEngle
>^i2k
!
-
J2
,>
v
>-C^\
^Cutlerj
CAN(
ALAIVIOGORDO
^7^6
^
CP
-Lake Arthiir^
Lower Ben asco'
er^e
©r
PPer^nascO
GO
%^^.^B»2srv' 'Periasco
^^
DO.G CANbfttt..
Gractma
\CQreer
,Elk^
^#fc
.J"
'
Hagerm^nr M;T
Aleman
Upliam
-1^
-CO""
^ik
>
^
CV
oi
oid Fort
'
^oHope
Pena
^Ri»c«B
Detroit
j
McMillans
dV.0, m
Sldon
Nil
S
5
.|s
£
"n
//A)
E
JARILLA MTS.I
D,
^^^C.
011
0r e ano
o;
^Dona
i
4st#Augustine
Ana|^
^
Las Crucess-fai
V\Lake View
% lo
I
I
A'soledab
_, , j
*3
**#..
Martin's
Mesquite
JESERT"'^ **'/>!«
Earl ham
^•FisheJs
%*
Ia«
iHUEC&YTS
Lyndo
An thou
fr'Xnklin
#
Cofni/o'os'il'"*
Straus
Sage
Ciudad Juarez)
X
*'-V«'
'''\
MAP OF THE
NEW MEXICO RAILWAY
%;-J«tJIHey
E
v
RANGE
fLONGHORN
M.
,
1/ CL
FORT
@
Ihv
jliss
^fy
;l
O
paso
^
COAL COMPANY.
PROPERTIES.
4
#
£i PASO & NORTHEASTERN RY..x
EL PASO & ROCK ISLAND RY
i
*
RAILWAY STOCKS AND BONDS.
386
KATLROAD8.
For
explanation of
on
Miles
column headings, Ac, Bee notes of
Par
of
page of tables.
Road. Bonds Value.
$300,000, redeemable at par .
9. i t>'tuy?t <* /Han heucn rref stock, non-oura..
1st con. M. (now 1st M »rold, guar. Dy L. I.Ce.e*
JTev Tnrk Certtrnl A Hudson River— Stock. '• r.
Refund. M.. $100,000,000, g.. Ce
o*<fcr
...
Collat. trust, g. ($100,000,000) L. 8h. stk.G.CAr
sth ft
do
do
f$21.550,000i Mich. Cent
Debentures (V 69, p 1102; V 7', p. 602, 9e4>..
c**r
Debentures, $50,000,000, gold U*t
( hu uyt'd ot.l wuis— Common stook
2r*. 1
2d preferred (5 per cent, non-cumulative) ....
1st preferred (5 per cent non-cumulative)
re.o*&r
1st M.. gold, sinking fund not drawn
Equip, tr. B'" g. $23,000 due yrly Feb.l5..Ce.o&r
Equipment notes. *20.000 due semi-annually
V. I. d Grttnv) L— Prior Hen M.,gu. p. 41.. N.gxo*
Jf. F rf Harlem- Common, 14 p. o., 10% guar
Preferred stock, 14 per cent, 10% guar
Refunding M (now 1st). $12,000,000, g. fio'&r
N. I. <t Jei*ey-yg\M.,97,000,C0i>,Tea.&tll0 ft c*
JT. T larka. rf Western— Stock, guar. 5 p. ot., end.
h.v
lBt mortgage, guar. by Del. Lack. & West.
Constr. u.ort., guar, by Del. Lack. & W., end. F c"
3d M ler Imp ($5,000,000), gu. p. A 1, end. F
Btv> fork 1 ak> Eru <& Western— See Erie KR.
rnorr.,
—
)
.
—
.
Br.-Gen.^M. (now
Jf . I. rfZ..
Size, or
first
Ne^fn JNnrlhw.— IstM., $2,500,000 g..red.textOB
Funding
Date
1st)
J
$2>500(000( g
.
.
102
102
1902
190.
IX
18
809
1885
1897
1898
1«98
1900
lt<04
523
523
523
505
53
145
145
136
1887
1896
1900
1896
1897
1902
214
214
214
214
1880
1883
1890
38
38
1.000
1,000
Lease, Etc.— A consolidation August 27. 1885. Leased for 99 years
from May 1, 1882, to the Long Island RR. Co. Rental, interest on
Com. stook is $350 <M'0.
bond- and 5 p o. on pref. stock
BuM'h. iliel.
RR. has attached to the bonds Its unoondltlona
guaranty of prln and int. In addition to facts as to lease.— (V 73, p. 32.
I
I\«-\»
lork & Canada
KK.— Whitehall,
Y,
N.
to Rouse's Point,
branches 38 miles, utock. $4 000.000 common and
o. non cumulative preferred, all owned by the Del.
& H uriM.ii. Bonds retired May 1, 1904.- V.79. p. 786. 968, 2697.)
ftanhuM A Lowell KK.—Owns double track road from Lowell,
Mass., to Nashua, N H., 15 miles. On Oct. I, 1880, leased for 99 yearp
In 1887 lease was transferred to Boston A Maine,
to Boston A Lowell
which pays a rental of $73,0OO (9 per oent on stock)
Nftt l i.rh ( rulrHl A'IIikImxi Klvcr l(K.-|.1iv Map.)
Lxncsnvmed.
Miles
Controlled— Operated separately.
Hew York to Buffalo
441 LakeShore A Mich So
111.4 4
Branches
Michigan Central
371
111.653
N Y Chic. * St. Louis RR.. H 523
See this CO.
f. Lines leased.
Lake Erie A Western. ... II ) aan
West Shore
U 479
H S
Troy * Greenbush
6 Northern Ohio
IT
112,335
Bpuyten Duyvl) A Pt. M....1F
6 ••Big Four" System
Indiana Illinois A Iowa
250
II
New York A Harlem
137
IT
t 208
New Jersey Junction
5 Cincinnati Northern
II
133
Rome Watertown A Og
624 Detroit Tol. * Milwaukee..
IT
91
Mohawk A Malone
182 Dunkirk All V. A Pitts. ...IT
II
191
Oartbage A Adirondack... II
46 Pitts. A Lake Erie s- stem.
65
Gouvernenr A Oswegatchiell
13 St. Lawrence A Adirondack!!
New York A Putnam
59
IT
Boston A Albany
U 393 Total owned and controlled
Jan. 1, 1905 (321 miles 4Fall Brook Ry etc
U 231
traoked)
11,388
Beech Creek KR
U lb3
Com' oi since acquired—
Beech Cr'k Ex ten RR ,eto.1I HO
Wallkili Valley
33 Rutland RR
415
IT
Oprroteit under contract.—
N. Y. & Ottawa
128
.fl
Terminal Ry of Buffalo ...fl
11
Trackage
205
Total In earnings
3,515
Bistoki *t
Control of the Lake Shore and Michigan Central roads
was acquired in 1898. as stated below. Their earnings are reported
separated hul the dividends on tbetrshares held by the Central are In
eluded In the Item " other Income," offset In part h j lnteres* on the collateral bonds Issued for theli purchase
V. 71 p. 502; V. 78, p. 48.
In Jan. lf'OO, control of the Lake Erie A Western was acuuired, also
a large Inteiest In the Cleve. Cin Chlo Ant. l.ouls. Increasing the
Vanoerblli interest In the latter to an absolute majority The Central
has since transferred Its holdings In these companies to the Lake Shore,
wbloli see; also see V. 78, p 48 In 1900 an understanding was reached
between tin v underbill and the Pennsylvania interests, by which the
latter became Jointly Interested In Ches. A Ohio Ry. V. 70, p. 76, 125.
1049 Holdings of Vanderbllt estate. V. 71, p 1221.
The New Yoik A Ottaw. Tupper ak«, N. Y to Ottawa. Canada,
N. Y.. 113 miles
$f O'O.'OO
p
;
(
11
U
I
I
.
i
was
,
acquirer* at foreclosure sale Deo. 22, 19<»4, and in Jan.,
of the Rutland
St Lawrence
Adirondack. V. 79, p
*27 •<-; V. 80, p 22A 1240.
Stock.— Dividends on stook registered in London are payable In gold
at49kd to dollar. As to new Issues, see " General Finances " below.
OrviDKNDs since s '92. *93. '94. '95 '96-98. '99 00'03. '04 1905
1891. Percent. > 5k
5yly. 5ToJuly,3^
5
5 4k 4 yrly.
4
miles,
1P05, iiiiitr
2589, 26* 8,
A.
g
J.
g.
A.
A.
t
5
51s 1904
3k
g
A
&
&
A
O.
Old Col. Tr. Co., Boston
D,
Dec. 1, 1913
July,'05,2J«%
Checks mailed.
N.Y.,Corbin Bank'g Co. Oct. 1. 1935
Y.. Or. Cent'l Stat'n. Julyl5,'05,lH
Y., Or. Cent. Station, July 1, 1997
Feb. 1. 1998
do
do
Feb. 1, 1998
do
do
July 1, 2000
do
do
New York.
May 1, 1934
O.
O.
Q.-J.
& J
J.
3kg
3 kg
3kg
P.
F.
4g.
&
&
&
&
A.
A.
J
N,
3 ln"l905 Maroh. N. Y.,Gr. Cent. 8tation.
do
do
5 in 1905 March.
4 g. A. A O. N. Y.. Union Trust Co
F.AA 15 N. Y.. Central Trust Co.
5
4k J. A D N Y., Nat. City Bank.
5 g- M. & N N.Y.,21Cortlandt St.
See text, See text N. Y., Gr. Cent. Station,
do
do
see text See text
do
do
3k g M. & N.
5 g< F. & A. N. Y., Guaranty rr. Co.
by Del. Lack.A W
Q.-J. N. Y.,
5
*
&
M. &
4
5g. M. &
4g. M. &
6
5
192,000
1,699,000
J.
do
do
do
J.
F.
A.
N.
S. N.
S.
Y„
do
do
do
&
I
&
Bom*
Description of debentures of 1890 was on page 3 of supApril, 1895
They are all secured by the refunding
mortgage of -y7 eqp ally with the 3ks. Ref. mortgage Is for $100,of wh'ch *72,292.0O0 had b«en lssueo In July, 1905. V retire
000.000.
$69 323.33/1 old bonds and $11.651, V75 for the general purposes of
the company; of ihe balance. $1,054, 0<
was reserved to retire
the same amount o old bonds when ires<nted the remainder (,$15,OOO.OoO) Is reserved for new construction. V 77, p 452.
Coilaleral trust 3ks of 1898 are secured by deposit of stock of the
Lake Shore A Michigan Southern and Michigan Central hRs. at the
rateof$lO0of L. S A
8. stock for each $200 of bonds and $100
Of Mich Cent stock for eaoh $115 of bonds outstanding. The total
authorized issues of 3ks are $100,000,000 for Lake Shore and $21,650.0OO ro> Michigan Central See V 66. p. 288, 336, 760. 811.
In 1904 $>(> 00", 000 four per c«nt debentures wem autboiized, of
which $ <) oo.ooo »ere sol to pay ba'ance required for terramal fa
cllnles and o' her Improvements. The debentures are to ne secured
by any new mortgage, but existing mortKagcK may be extended. V.
78, p. 1907 1962. 2384. V. 79, p. 133.% 2148.
Oi ahantii-s.— Tlie company guarantees the securities of Its leased
lines to a considerable aggregate see separate statement for each oompany marked with a H in the table of mileage preceding. It also guarantees Western Transit Co 3ks for $1,000,000 due February, 1923.
UKNutAi PiNANCKs.— To July, 1905. about $69,323,333 old bonds had
been refunded: annual saving In Interest charges abou 41,450.000.
V 76 n. 14»; V. 76 p. 159; V. 80 p. 31 In June. 1903. vailous roads
controlled i>y the Van lerblit, Morgan and Pennsyhnnia Irterests puroiiaseu *b.a24,^oo of the $11.000 000 Hocking Valley Ry. common
am V 77, p 1225
stock, see th«t ompan
In April, lyo2, $15,000,000 stock vas Issued at par to provide new
rolling stock, and on Apr. 16, 190.', the stockholders voted to Increase
the stock from $115,000,000 to $150,000,000, $16,912,900 of the new
plement o
-
M
—
1
<
Oct. 1, 1932
Moh. 1,'05. 3%
Moh. 1.05, 5%
Oct. 1, 1937
Yearly to 1911
To Deo. 31. '10
May
1, 1946
1,'05.5%
July 1, '05,5%
May 1, 2000
Feb 1, 1938
July "05, lk%
Jan. 1, 1921
Aug. 1, 1923
May 1, 1928
Jul
Liberty Nat. Bk. Sept. 1, 1941
do
do
Sept. 1, 1941
stock being subscribed for by stockholders pro rata at $125 per
share. V. 74, p 151. A portion of the proceeds will be used for the
substitution of electrloity for steam on New York suburban division
and New York terminal Improvements, estimated to cost $20,000,000,
to be complete ab ut 190-i. (V. 76, p. 266. 331. 1085, 1408; V. 77, p.
350. 2'59. V 78, p. 2442; V. 79, p. 2148, k5*8, v796
In 1902 03 control of the Reading Co. was acquired by Bait. & Ohio
(Pent svlvanla 1n erestsi and Lake Shore. V. 76. p 101; V. 78. p. 48.
In July, 11-04. hd interest in Syracuse Rapid Transit Co and other
electric roads was acquired. V. 79, p. 270, 34; V. rO p. 652, 1240.
As to contract of lw03 with Pennsylvania Coal A coke o. for at
least .000,000 tons annually, fee V. 77 p. 2098; V. 79, p. 1335, 1435.
As to concentration of manaeement of Eas era lines, see V. 80. p.600.
Latest Eahnings.—For 6 ruos. ending J me 30 (partly estimated):
vlh inc.
Ac.
Vha oes Bat./ordiv.
Ot oss.
6 mos.
$
$
$
$
$
190" (est ).39,2'<5.700 11,061,800 3,036,900 10.987,800 3,110.900
9.394.312 3,30-.50« 10,210.088 2,482,732
l«()4(act.).36.4"'2,8' 2
DL idends of 2k p. e. for the 6 mos. called for $3 306.200.
Anndal Rkport Fiscal year has been ohanged to end Dec. 31.
Report for six months e> dint Deo. 31, 1904, waa «iven at length in V.
80, p. 1240. See also editorial p. 1204.
Tears end. Dec. 31.
r- Six mos. ending Dec 31. -n
iS^Ol.
1903.
1904.
1903.
3.4-2
3.515
MilesJuneSO ...
$41 209 419 $78.5T9 300 *79,P09,415
Gross earnings. $4I.1< O.408
)
'
1
,
—
—
wetearnlngs
$13,056,512
Other income.... 3,1-1,228
$12,527,849 $22,530.50© $23,803,921
2,69-»,473
6,344.600
6,266,311
Net Income. $16,217,740
$15,226,322 $28,875,000 $29,070,232
Deduot— Kentals. $4,746,844
Int on debt ...
Taxes on stook.
Do. real estate.
.
4,oi«,878
380.150
1,509.114
342.748
$4.733,n5?>
1
3,530 0i8|
412.074 ^21,039,9»0
1,3-4,000
20,463,111
12:s,4i2J
Miscellaneous..
lfso.000
150,000
300.000
300,000
Reh'd for deb's
Dividends. . .2S)3.306,2«.0 (2k)3,306. 250(5)6,61 2,50* (5)6,612,500
Implement l'nd
1 50o,000
(!)
.
,
12>-
Bond«-PrinciINTEREST OR DIVIDENDS.
pal.When Due.
Wben
Outstanding Rate per Payable Where Payable, and by Stocks— Last
Cent.
Whom.
Dividend.
Amount
$1,000
$2,270,000
1,000
See text.
100
650,000
1,000
1,726,000
100 132.950.000
1.000*0 83 94fi 000
l.OOOAc f0.57K4O0
l.OOOAc 19,336.445
5.500,000
l.OOO&c 30.000.000
100
14,000,000
100
11,000,000
100
5,000.000
1,000
19,425.000
1.000
143 000
20.000
220.000
lOO&c
1,500,000
50
8,656.050
50
1,343.950
l.OOO&c 12,000,000
1,000
4,500,000
100
10,000,000
1,000
12,000,000
1,000
5,000,000
1.000
5.000.000
1891
1891
[Vol. lxxxi.
$ 65,757
Balance
$922,600 $1,694,621
$1,626,881
M
Depew;Treas , E. L.
Pres.. Wm. H. Newman; Chairman, Chauncev
Rosslter; 8eo Dwlgbt W. Pardee Directors (Feb., 1905) ; W. K. VanVanderbllt, C. M. Depew, b. F Karger, J Plerpont Morderbllt. F
W
.
gan, William Rockeieller, Hamilton McK. 'womhL, William H Newman, Charles C. Clarke, D. O. Mills, Geo. F. Haker, Geor»<e 8. Bowdoia
and Jas. St Uman.-(V. 80. p. 1479, 1729. 245*, 2622; V. 80, i 31.)
( See Map of New TorkOetf
New York Chicago St. Louth
Iral dS Hiidson River.)— 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, Chloago A State Line RR. 111., State
Line to Grand Crossing, 10 nalles; also leases Dunkirk to Silver Creek,
8 miles; total. 512 mfles: trackage In Buffalo, N. Y., Ik miles, and
Grand Crossing Chicago, 111. (Lake Shore RR.). 9 miles.
HiSTOBT.— "Nickel Plate" road, foreclosed and reorganised In 1887*
.
.
&
KK.—
;
Stock.— Lake Shore & Michigan Southern owns $6,240,000
$6,275,000 2d preferred and $2,503,000 1st preferred stook.
Dividends.-
3405%02%0
) '93.
*94. '95. '96. '97. '98. '99.
'00.
oommon
'02 to '05
'01.
5
5 yearly
*
3 yearly
2d pref.
J
Bonds.— A sinking fund of $100,000 per year is provided when net
earnings are $900,000 or upwards, if bonds oan be bought at or below
102; If not, the sinking rnnd lapses for that year, thus leaving $100,000
more for dividends The Issue of bonds, $20,000,000, has been reduced
by sinking fund. See mortgage abstract, V. 45, p. 541.
Earnings —For the 3 mos. ending *arch 31:
Oharae*
Bnl., sur.
Oth inc.
ye>
On.»».
3 mos
$4,310
$3 1 133
$113,063
$4 9 886
1905
... $2,'953'H
324.184
H 5,400
14,325
4L\259
2.081,039
1904
Principally a
Report.— Report for 1904 was in V. 80, p. 1853.
freight line, freight In 1904 oontrlburlnsr $7,152,631 out of $8,645 374.
1903
1902.
1904
Year ending Dec. 31—
$8,645,374 $8,448,320 $7,138,899
Gross earnings
6,29s. CO
6,42,123
6,(34,253
Operating expenses
58*. 000
674. 4*7
645 5'2
Additions and betterments
$l,54n,7ri4 $ ,507 277 $i.ol9,t>45
Netearnlngs
5Q.7Q9
40,125
3M56
Other income
$1,583. 920 $1,557 986 $l,.-*>5-,770
Net, including other income
777,000
777,000
777.000
Interest on bonds
185.649
176,738
172,460
Equipment trustcharges
000 (5) 2.50.000 (5)950,000
(5)2*0
Dlvldendon 1st pref
(3)330,000 (3)330,000 (3)330,000
Dividend on 2d pref
,544
Miscellaneous
J_i^__~
$17,121
$24 248
$38,917
Balance.surplus
Pres., Wm. H. Canniff.— (V. 78, p. 1779; V. «0, p. 219, 223, 1858.)
New Work & direenwood Lake Ky —(See Map of Erie RR.} —
Owns from Jersey City, N. J., to Greenwood Lake. 39 miles, and
branohes to Ringwood, etc., 8 miles; Watchung Ry., Forest Hill to
Orange, N. J., 4 m.; total owned, 51 m. Stook, $100,000; par, $60.
lstpf. in Mar.
}
5
1
'
.
July,
1905.]
RAILWAY STOCKS AND BONDS.
387
N
RAILWAY STOCKS AND BONDS
388
RAILROADS.
Miles
For explanation of column headings, &o., see notes of
on first page of
See text
Debentures, mostly exchanged for stock 1903 c*
Deben. ($6,000,000 are 4s), non-convert
c&r
Deb. <for Cent. N.E.* W.),$5.n00,000,g.,non-eon.
Deben (for F. H. & W.). $10.000,OlO authorized.
Debentures (for N. Y. O. <fe W.)
N. Y. Prov. & Bos. gen. M. (now 1 st) g. ass'dc&r
Shore Line 1st M. N. Hav. to N. London, aestuned
Housatonic old consolidated mort. (assumed)...
New consol. M. ($3,000,000) g. (assumed) F.c
H. R. <fe Por 2d (now 1st) gu. (V. 56. p. 813i.F.e<fcr
Har. Riv. &Port.lst. M., g., $15,000,01 0.Usc*<fer
New Haven Steamb. M., g., ass'd, call aft. 1904..
Bonds of Proprietary, etc., Lines:
Danbury <fe Norwalk con. M. ($100,000 are 6s). c*
Genl. M.,Danbury,Conn.,to Wilson Point, &o.c*
36
36
Naugatuck 1st mort.,
61
,
guar. p.
&
—
New Haven & Derby, consol. mortgage
N
90
90
12
12
of
Par
Outstanding
s. f .
W— Common stock
1880
1,000
100
1883
1904 1,000*0
1902
1888
1,000
1879
1,000
1881
1,000
1891
1,000
1897
—
1892
1<05
1899
1900
1902
190 2
1903
1904
1,000
1
1,000
1,000
1,000
1,000
1,000
1.000
1,000
Lease.— On May 1, 1896, was leased
to the ErieRR. for 999 years from
Prior lien bonds are guaranteed, principal and interest,
63, p. 513; form of guaranty V. 65, p. 463.
York St Harlem
Owns New York City to Chatham
N. Y., 136 miles. Also owns Fourth Ave. Street RR.
Lease.— The property (except the horse railroad) was leased April 1,
1873, for 401 years, to the N. Y. Cent. & Hudson River RR. for interest
on bonds and dividends at rate of 8 p. o. yearly, since lnoreased to 10
p. 0. through refunding of bonds, payable Jan. and July.
V. 70,
p. 740, 1049, V. 71, p. 29, 1220; V. 78, p. 2335. The street railway
was leased In July, 1896, to Metropolitan Street Ry. Co. for 999 years;
rental is $4(0,000 yearly, equal to 4 p. 0. per annum on stock, payable
April and October. V. 62, p. 1088.— (V. 78, p. 2335: V. 80, p. 1424.)
Vork JTprnef
Owns one completed tunnel, known
as the North Tunnel, under the Hudson River between New York City
(Manhattan Borough) tnd Jersey City, and a parallel tunnel, known
as the South Tunnel, wbich has been completed for 2.000 feet. The
length of ihe under-river section of the tunnels is 5,600 feet. In N«-w
York City the approach in Sept., U04. hid been completed from the
river front under Morton Sf. to the corner of Greenwich St. The
terminals in New York City will be at West 10th and Hudson streets.
In 1905 fr. nohtse was granted for extension to 33d 8t and frth Ave.
and 9th St. and 2d A\e., V. 78, p. 1110; V. 80. p. 117, «5 .1112. Will
be operated by electricity, with trains of the New York Subway type.
The entire tunnel from Jersey City to West 10th St. Is expected to be
completed in 1905. V. 76, p. 436. V. 75, p. 77. 1354.
In Jan., 1905, the Hudson Companies acquired oontrol of the 00mpany and also of the Hudson & Manhattan RR., to tunuel from Jersey
City to Cortlandt St., and w ill finance their completion. V. 80, p. 163.
Incorporated in New York on Feb. 11, 1902, as successor of the Hudson Tunnel Ry., sold in foreclosure per plan V. 73, p. 1313 (see also V.
70, p. 996 and 1149).— V. 74, p. 380. Stock, all Issued, $8,500,000, of
whloh $3,500,000 is 6 per cent non-cumulative preferred; par of
shares, $100. Of the $7,000,000 bonds, $2,500,000 are reserved for the
construction of the south tunnel. V. 74, p. 380, 577.
Officers.— President. Wm. G. McAdoo; Vice-Presidents, Walter G.
Oakman and Kdmund C. Converge; secretary, chas. W. King. Office,
15 Wall St., N. Y.-(V. 80, p. U7, 163, 651, 1112.)
.\v York Lackawanna A. \\ extern Ry.—Blnghamton to Buffalo and Internat'l Bridge and branches, 214 miles, of whloh the main
line, 213 miles, is double track; Delaware L. & W. has a lease for dura
tlon of oharter from Ootober, 1882, giving a guaranty of the bonds and
5 per cent yearly on thestook. See form jt guaranty of terminal bonds
in V. 67, p. 1357 see also V. 68, p. 283.
York Lake Erie
Wetttern
See Erie RR. Co.
1,
1896.
New
New
KR,-
&
1
;
New
&
KK.—
\ew York New Haven it Hartford KR.— Covers Southern
Kew England and the only direct routes between New York and Boston.
~j\nes Owned in Fee —
Miles,
Leased (part Owned.)
Miles.
New
Junction near N. Y. City to
Eng. RR. (whiohsee)
536
Springfield, Mass
122 Old Colony RR. (whloh see).. 616
Lines to Provldenoe, Plttsfield,
Lines Leased
Litchfield, etc
316 Providence & Worcester
48
Leased arul Controlled
Other lines
54
Lines to Turner's Falls, etc
268 Trackage to N. Y. City, etc... 55
Other lines
43
Total oper July. 1904(90 miles has four and 685 two tracks) 2.058
In Oct., 1904, a majority of the $58,117,982 N. Y. Ontario & West
stock was acquired at $i5 ier +100 share, giving the oompany accebs
to anthracite ooal mines, etc. V. 79. p. 2086, 2> 42: V. 80, p 1363.
Early in 1904 acquired a iu>]onty of the Cent. >ew England Ry. stock
and Income bonds and control of stock of Fair Haven A Westvilie
Electrio RR. 116 miles. V. 78, p. 702,768 989,1 lt-8; V. 7 9. p. 2742.
In July, 1905. control of the Newburgh Dutchess <ft Conn. RR., it was
understood, was acquiied
V 81, p 266.
Owns entire stock of New England Navigation Co. and Old Colony
—
—
.
V 79, p. 2748. European connections, see V. 75, p.
794, 981. Providence Termin-a Co., V. 78, p. lllo.
In 1904 5 consolidation of various controlled electric railways in Connecticut and Massachusetts, viz
Fair Haven <fe Westvilie. Woroester
Eastern, Mermen Eleotrio. etc.. aggregating 55o miles of
<te Conn.
trtwk was ett'e«ted under name of Consolidated Railways, whose stock
($10,000,000) is nil owned. See also V. 79, p. 270, 1263, 1332, 1462,
2748: V. 80. p. 117. 2*3, 1112, 1363: V. 81, p. 1S6. See ST. Ry. Seorion.
As to six tracking Harlem Rtver branch and rapid rrausit f oiu New
Roohelle to N. Y City, see V. 79 p 903. 263, 2436; V. 80, p. 8 1%,
In Jan., 1905, A .1. Cassatt, President Pennsylvania RR. became a
director. V. 80, p. 117.
"apital Stock.— Stock authorized, $100,000,000. In 1903 $16,211,900 was issued in exebauge, $ for $. for convertible debentures
and $6,753.' 00 at $175 per share to pay maturing bonds, new rolling
stock, etc Early in 1904 the outstanding stock was increased to $80,000,000 by sale of $2,349,500. V. 78, p. 5d4, 1168; V. 1i, p. 1263.
lhvxdkwds.— I 1873-1893.
1894.
1895 to June, '05, (lncl.)
Percent, s 10 yearly.
9
8 (2 per cent quar.)
BoNDS.-The $7,500,000 fifty-year 4s whloh have been sold dated
June 1, 19<>4, are a direct obligation of the N. Y. N. H. <fc H. and further secured tiy a mortgage on the Harlem & P. rtchester RR.. 12
miles, subject to the lien of the $1,000,000 of 4s due i9ll, for which
a like amount is reserved The proceeds will be used for six-tracking
and Improvements on the HarKin Division. The Naugatuck RR. 4s of
1904 are guaranteed, p. <fc i. V. 78, p. 1447, 1549; V. 79, p. 903, 1268.
Steamboat Co.
:
1
A.
4 g.
3ia
VI.
&
May
June
1,
1,
1954
1919
1,
1920
do
do
do
do
Apr. 1, 1925
do
do
do
do
do
do
May
New Haven, Ct., Treas. Oct.
New Haven, Conn,
May
A.
A.
A.
Prov.,R. I. Hosp.
A..
Apr.
Apr.
Apr.
AT.Co
1,
1,
1,
1,
1,
1,
1954
1930
1918
1909
1911
1911
Oct.
1
1947
J'ly31,05,li«
N. Y. Offlce,56 Beaver.
New York.
*
N.Y..N.Y. Seo.&Tr.Oo
N. Y., Morton Trust Co.
N. Y., Manhat. Tr. Co.
do
do
do
do
do
do
-
320,000
J'ne30,'05,2%
Apr. 1, 1908
Men. 1, 1947
Feb. 1, 1914
Apr. 1, 19fi4
July 1, 1955
Apr. 1, 1942
Moh. 1, 1910
Apr. 1, 1910
Nov. 1, 1637
June 1, 1911
July
New Haven ,Conn.
J,
O.
N.
M.
6
,500,000
&
&
& N.
& O.
& O.
5
& O.
4
& O.
4
text. See text
M. & 8.
g J. & D.
i g. F. & A.
5
5 g. J. & D.
4 i«g. M. & S.
4iag J. & D
g M. & N.
I
5 g- A. & O.
5
2.825,000
114,000
148,000
132,000
June
June
1,
1,
1992
1955
Feb. 06-Feb.'ll
i>eo.05Deo.'15
To Mar., 1906
To June, 1907
Nov.
05
M'y'08
Oct.'05 Ap.'09
In 1904 $5,000 000 4 p. c. debentures were sold to purchase control
of the Central New England Ry. and $10,000,000 of 3»a p o debentures were authorized to acquire the stock (£5, 000.000) of the Fair
Haven & Westville (Electric) RR., 116 miles, on the basis of $200 in
debentures for $100 F-tir Haven stock. V. 7*, p. 702, 768, 989, 1168,
< 223, 2335;
V. 79. p 1263. In June, 1905, $15,0 0,00 4 p. o. debentures were sold to pay for control of N. Y Ont & W. V. t-0. p. 2458.
There are $25,000 Colchester RR. first 7s due July 1, 1907. Under
lease, "assumed" the debt of Old Colony.
Leased Line Stocks.—The stocks of the leased lines unexchanged
on June 30, 1904, or later, and the dividends payable thereon are shown
below, the shares being all $100 eaoh excepting Danbury & Norwalk,
whloh are $50 eaoh. The leases are for 99 years.
KK,-
.
J.
5
58 11 ",982 See
20.000,000
See text.
1,475.000
,00O<tec
by Erie. See V.
5&6
500,000
150,000
2,500,000
214,000
575,000
1,200,000
700,000
200,000
100
Refunding (1st) M.. $20,000,000, gola.Me...o*&r Text.
Gen. mort., $12,000,000, g., red. liO (see text).
mmm
Sold notes, seo. by 1st M. on Soranton Coal Co..
Do g., seo. by 1st. M. on Elk H. C <fe I. ,due s a.o*
Car trusts, ser. A, $57,000 payable sami-ann.IYIa
Car trusts, ser. B, $37,000, payable se mt-ann. i»le
Car trusts, ser. C, $22,000, payable semi an Me
Car trusts, ser. D. part due semi-annually
May
Hands— PrinciINTEREST OR DIVIDENDS.
pal, When Due
Rate per When Where Payable, and by Stocks— Last.
Payable
Cent.
Whom.
Dividend.
New Haven, Co.'s Office.
$100 $80,000,000 81nl9C4 Q-A. & O. N. Y., Lincoln Nat. Bk.
1893 100 &c.
185,300
4
'97'01
ML
10,000,000
New York.
1904
5,000,000
4 g. P.
1904 500 Ac
3ifl
A. & O.
9,666,700
_.1915
1^,000,000
4
J. * J.
1892
New York.
1,000
1,000,000
4g. A. & o.
4i«
M. & 8 N. H., Nat. N. H. Bank.
1880 l.OOO&c
200,000
A. & O.
1880 500 <fec.
New Haven, Conn.
100,000
4
1887
1,000
2,839,000
5 g. M. & N. N. Y., Farm. L. & Tr. Co.
J. & D. N.Y.,Chemloal Nat. Bk
1881
1,000
1,000.000
4
1904 l.OOO&c
New York.
7,865,000
4g. M. & N.
1899 500 &0.
225,000
5 g. A. & O N. Y., Lincoln Nat. Bk.
51
o*
$15,000 p. yr., not drn.Un.o*
Northern Extension bonds
o*
Holyoke & W., leased, mtge. $200,000, guar..c
New England and Old Colony—See those cos.
Providence & Worcester 1st mortgage, currenoy
T. 0.<t
Amount
13
98
28
10
c'&r
i
Debentures.
con.
Size, or
[Vol. lxxxi.
-
62
49
,
.
,
g.,
Date
Road. Bonds Value.
tables.
New Tork New Haven A Hart.— Stock.
N.H.& No.,
1
.
Stocks
—
TJnexch.
Total issue.
THvid'd.
Period,
$10,787,000 V. 79, p. 2748 6 p. o. Q.— J.
4 p. o. A. & O.
2,998,500 $1,296,375
do
do
common.. 898,500
147,100 Pays no dlvid'd.
Danbury & Norwalk
151,300
5 p.o. J. & J.
$600,000
Naugatuck
1.006,400 10 p. o. J. & J.
2,000,000
N. H. & Derby
447,000 V. 80, p. 117 4
J. & J.
New England, common
20,000,000
l.%200 Pays no dlvid'd.
do
preferred
9,000 3 p.o. Oot.31,&o
do
5,000,000
Old Colony
7
16,608,900 11,040.400
Q.-J.
Pawtuxet Valley (par, $ (1) ). .
100,900
100,900
7 p. o. J. & J.
Latest Earnings.— For 9 mos. ending Mar. 31 (see V. 80, p. 1971):
Hal.sur.
9mos. —
Gross.
Net.
oth. income. Charges.
1904-5... $3 ,471,566 $8,«46,614 $330,944 $6,382,^83 $2,795,175
1903-4 .. 35,-83,255
5,8t4,i93
362,366
9,343,641
3,856,514
Annual Report.— Annual meeting held 3rd Wednesday in Oot Report '03-4 in V. 79, p. 1263, 1332. Bal. sheet Mar. 31,'05, V. 80, p. 1971.
1902.
1904
1903.
1901.
Tr. end. June 30.
Miles operated..
2,038
2,031
2,037
2,038
Passengerearn8.$23,425,l73 $22,953,017 $21,223,631 $19,853,093
Freight earns.. 24,413,541
19,864,701
23,926,150
21,871,642
444,195
425,814
Miscellaneous.
416,910
414,517
Gross earnings.. $48,282,909 $47,296,077 $43,521,087 $40,132,311
Net earnings.. ..$13,123,698 $12,341,054 $12,247,^13 $12,083,332
613.060
565,818
562,560
Other inoome....
906,436
Tot.netlncoine$14,030,134 $12,906,872 $12,s60,273 $12,646,391
Int. on bonds...
$779,667
$1,137,052
$1,306,838
$1,166,967
4*»6
Other interest..
279,993
52,912
1,858
Rentals
4,420.283
4,f04,546
4,464,711
4,451,634
Taxes
2,385.389
2,410,380
2,367,636
2,455,434
Dividends
( 8)4,618,438
( 8)4,294,738
( 8)6.006,448
( 8)4,296.568
Balance
sur.$88,309 sur.$208,534 Bur.$382.2i>0 sur.$363,548
Berkshire (V. 80, p. 221 9)
B. & N. Y. Air Line pref
.
.
Officers.— President, Chas. 8. Mellen, New Haven; Secretary, John
G. Parker; Treasurer, Augustus S May, New Haven, Conn.
Directors.— William -skinner, Holyoke. Mass.; Jan. S. Elton. Waterbury, Conn.
Thas S Mellen, New Haven. Conn. J. Pierpout Moruan, William Rockefeller,
H McK. Twombly, U«or«e McC. Miller, Kich&rd A. McCurdy, N«w York; D.
Newton Barney. Hartford, Conn.; Charles B". Choate and Nathaniel Thayer,
BoKton; Konert W. raft, Providence; 0. V. Brooker, Aimonia, Conn.; I. De V.
Warner. Bridgeport; A. J. Cassatt, Philadelphia, Pa.; Arthur I). Osborne,
Cheney. 8oatb ManchesGeo. J. Brusn, Percy R.Todd, Ne» Haven: Frank
ter: Edwin Milimr Moosup, Conn.; John H. Whlttemore, Nauuatuck. Conn.
(V 80, p. 117, 87', 1 1 12, 1363, lt*71, 2458, 2622; V. 81, p 265.)
;
W
—
NewVork 6c Long RranfhRK.—PerthAmboyto Bay Head,N.J.
38 miles. Leased in 1888 for 99 years to Penh. RR. and Cent. KR. of
N. J., which Jointly and severally guarantee interest and 7 per cent on
$2,000,000 stook, all owned by Cen. RR. of N. J.— ( V. 72, p. 438.)
New York
Ontario
&
Western
H.y.—(See Map.)— Operates
City, to Oswego, on Lake Ontario:
Miles.
Road Controlled, <£c.
Miles
272 Peoksport Conn, (leased)
4
22 Ontario Curb, & S. (leased.)
Cadosla.N.Y., to Soranton, Pa. 54
17
8 Rome A Clinton (leased)
fll3
Utioa Clinton & Blng. (leased). fi 3
from Weehawken, opposite N. Y.
Road Owned—
Oswego to Cornwall, N.Y
Branoh
do
do
to New Berlin
to Delhi
to Ellenville
7
Total owned
319 Wharton Valley (owned)
Trackage (till 2079) W. Shore RR.: Ellenville & Kingston (leased) 27
C*nwalltoW'h'ken(V.61,p.425) 53 Port Jervis Mout. A Summitv.
41
(owned and leased
[
H See this Co.
649
Total operated July 1,1904
Org amzation.— Successor in 1879 of N. Y. & Oswego Mid., foreclosed.
Control. In Oct., 1904. New York New Haven A Hartford RR,
acquired a majority of slock at $45 per share. V. 79, p. 2» 80, 2643;
V. 80, p. 1363 24»8.
Stock.— Stook Is $58,117,982, (par,$100), of which $4,000 is old pref.
Dividends.— On commoD, Jan., 1905, 3
p.
p. o.; July,
l>fl p. o.
V. 80,
2622.
Bonds, Etc.— Refunding mortgage for $20,000,000 covers 319 miles
of road owned, all the securities of the Ontario Carb. & -*oranton Ry..
54 miles, and all after acquired property. V. 72, p. 87; V. 78, p. 2012;
V. 8'>, p 651.
The stockholders voted on November 7, 1904, to authorize *
new mortgage for $12,000,000 to provide funds for capital requirements, under which $2,000,000 may be issued Immediately,
July, 1905.
RAILWAY STOCKS AND BONDS.
B^s
389
N
:
:
RAILWAY STOCKS AND BONDS.
390
[Vol. lxxxi.
Bo iims— fr moRAILROADB.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
Par Outstanding Rate per When Where payable, and by Stocks— Last
For explanation of column headings, &c.,eee notes
of
of
Road. Bonds Value
on first page of table.
Payable
Whom.
Cent.
Dividend.
M
New Ysrk
G
<£ Ottawa— 1st
$2,500,000, g.
B. X. ia.dk Southw.—lsl M., $4,500,000, gold.K 0*
N. r. Phila. <t Norfolk— Stook, $4,5o0,000
,
126
.
0*
112
1st M., $3,000,000, gold..FP
112
Income mort., g., non-oum., reg, ($1,000,000)
57
N. Y. <* Putnam.— m .Y A No., 1st mortgage, gold.o
57
K. Y. &P. oon., $6,200,000, g., gn. p.&l. end.Un.o*
12
N. Y. <t Bock. B'A.— 1st M., $1,000,000, g., gu.Ce.O*
12
r
2d M. Income bonds, non-oumulatlve.Ce
72
N. Y. 8utq. <t Western— Midland RR. 1st M.,g.Ce.O*
1
Paterson Exten. RR. 1st M., real estate, s. f.,g.o*
N. Y. Susquehanna
Western, 1st mortgage
127
c*
1st mortgage, refunding, gold.Ce
2d mort. ($1,000,000 gold) 3d M. on 72 m.Ce.C* 127
Ce.o*
127
General mortgage for $3,000,000, gold
Terminal 1st mort. for $2,000,000, gold..U».o*<tr
Allied companies
65
Wllkesb. A East'n. 1st M.,gold, guar. p. & l.«..o*
10
Susq. Connect. RR. 1st M. g.,red. at 105, gu.UIp o
Mlddletown TJn. A W. »>.—See that company.
3
Passaic A N. Y., 1st mcrt., (999 years, rental)...
2
Macopln RR., 1st mort. (br'ch to Macopin Lake)
N. Y. 8. A W. Coal Co., 1st M. red. at 110, s. f...c«
m m >>
N. Y. A Wllkesbarre Coal Co. 1st mortgage
91
N. Y. Tex. <6 Mex.— 1st. M.,g.,$ or Jt.gu.by So.Pac.Fc
54
Matagorda Division 1st mortgage.* e
Niagara Junction Ru.— 1st M., $650,000, g Me.o' Text.
6
Norfolk 4 forumouth Belt Line— 1st mort.GP
FP
.
A
—
—
—
Norfolk <t Carolina See Atlantic Coast Link RR
Norfolk <t Southern Capital stock
o*
J st mortgage. )$1 ,970 000. gold.I"p
1st general mort., $10,010,000. g., red. at 115 G
—
1905 $1,000*0 See text.
4g.
1901
1,000
See text.
5g.
50 $2,000,d00 8 In 1904
1899
1,000
2,600,000
4«
1899
1,000
1,000,000
1887
1,000
1,200,000
5 g.
1894
1,000
4,025,000
4g.
1887
1,000
984,000
5 g.
1887
1,000,000
LO00
1880 500 Ac.
3,500,000
1881
1,000
250,000
£ g
5,000
6g.
1887
i'.obo
3,745,000
5 g.
1887
1,000
447,000
4JJW.
1890
1.000
Sg.
2,551,000
1893 l.OOOAo 2,000,000
5g.
223
223
1892
1897
1,000
1,000
1885
1896
1887
1893
1882
1904
3,000,000
100,000
500
70,000
44.000
1,000
337,0ti0
500
J A *
190.J
1,000
l.OOO
1898
l,Oi.O
1891
1904
1.000
1,000
100
Jan.. 1906, vesting In the shareholders directly the right to elect the
entire board of <1 uectors. V. 79. p 977 to 980. 1332, 1462; V. 80. p. 872.
Early In the calendar year 1899 the coal properties at Soranton,
Pa., of the Lack. Iron A Steel Co., (the oapaoity of the collieries
then open being about 700,000 tons per annum) were purchased by
the Soranton Coal Co. aided by loans from the N. Y O. A
the latter
issuing its $2,5( 0,000 5 p. o. notes (reduced to $1,475,000 Aug. 1,
1905), extending over a period of years seemed by first mortgage on
the ooal property, and loaning $1,475,000 (of which $305,000 .has
beeD repaid) secured by a second mortgage, the O. & W. obtaining contract for entire tonnage. V 68, p 41. 429. V. 69, p. 604.646.
In November, 1900, eight Independent anthracite properties with a
maximum output of 2,000,000 tons annually were merged as the Elk
Hill Coal A Iron Co., the N. Y. O. A W. issuing its *3,500,000 5 per
cent sinking fund first lien gold notes secured by the Coal & Iron Company's first mortgage, these notes maturing $75,000 each 6 mos., beginning June 1, 1901 to June 1, 19 1. and thereafter $200,000 semi annually to Dec 1, 1915. The notes are seoured pari passu with the
bonds issued under the general mortgage of 1 905. The Elk Hill Co.
also made a second mortgage to the N. Y. O. A W. for $2,400,000 at 5
per oent. V. 71, p. 1270; V. 73, p. 501
The company's coal tonnage is derived as follows: Soranton and Elk
Hill companies (as above stated), total maximum oapaoity, 2,700,000
tons; other companies, 300,000; washerles, 800,000 tons.
E AttsiNW.— For 1 1 months ending May 31
Met.
Charges.
11 mm.
Gross.
Bal.,sur.
$64l«,725 $1 813,200
19o4 05
$694,814 $l,118,:-'86
1903 04
1.355,866
6,010,110
633,792
722,074
Annual Report.— Report for 1903-04 was given at length in
Coal traffic in 1903-04, 2,690,225 tons (out of
V. 79, p. 965, 977.
4.31 B 4 '2 tons), against 2,521.179 in 1902-03.
1903
Jtmr «w«t « f June 30.
1904.
1902.
Gross earnings
$6,652,484
$6,176,518
$5,456,696
Operat'g expenses and taxes. 5.072.938
4,557,087
4,157,754
$l,579,ft46
Balance, net earnings
$1,619,431
$1,298,942
Tot. net Income, lnol. "other."$2,05 1.1 94
$2,021,368
$1,81' ,917
Interest on mortgage bonds..
683,758
677,480
677.480
Misoell.lnterest and discount
271.638
280,047
2^7,032
Rentals paid
202,870
197.446
208,968
Balance, surplus
$886,828
$860,971
$656,956
Pre*.. Thos. P Fowler, Directors, Deo., 1904.
V. 79, p. 2643.—
(V 80. p. 672, 1112, 1363, 2345, 2622; V 1, p. 31. 156.)
New York A Ottawa Br.-Tupper Lake. N. Y.. to Ottawa. Can.,
12* miles Successor of the n. Y. A Ottawa RR acquired b.v the N.
Y Oat A Hudson Rlv. Ret. at foreclosure sale on Dec. '22, 1904. V.
Stock authorized, $1,250,000. In June.
79, p. 2796. V 80, p. 223,
19<»ft, a mortgage or $2,500 000 was made, of which about $1,'00 000
to pay for the property and remainder for improvements and
additions V. O. p. 2458; V. 81. p 2n5. Year ending June 30, 1904
(Old 00.), gross, $233,297.— (V. 80, p. 22v0,
V. 81, p. 265.)
W
,
>
,
^8;
New V01 & Pennsylvania It >.— V. 79, p. 501.
New York Philadelphia A Norfolk KK.- Delmar.
It
Oape Charles,
Va.,
95 m., and King's Creek, Md., to
Crlsfleld,
Del., to
17 miles.
Securities.— Stock, $2,000,000, all outstanding, par, $50; represented by negotiable trust oertinoates Issued by Fidelity Insurance
Trust A Safe Deposit Co. of Phlla. Of the $3,000,000 1st 4 s, $400, <00
are reserved for improvements. V. 68, p. 773, 978. As to inuomee,
see V. 68, p. 978. Interest on incomes, 2 d. c. semi-annually paid
Nov. 1, 1899, to May, 1905, both inclusive. Dividends on stoi k, 1901,
6 p. c; 1902, 5 r. c; 1903, 6; 1904, June, 3; Dec, 5, lnol 2 extra; 1905,
Jane. 4.
Earnings.— Year ending Deo. 31. 1904, gross, $?.001,784; net,
$580. 99« other Income, $100; charges, $392,257; dividend (8 p. c),
$160 000; bal., sur., $2h,139. (V. 79. p. 20»6; V. 80, p. 872.)
New York A Putnam
Owns 155th Street and 8th Ave.
N. Y. City (terminus Manhattan Elevated), to Brewsters.N. Y., 54 miles'
double-track branch to Yonkers, 3 m.; operates i m.; total, 59 miles]
History.— Successor to the N. Y. & Northern, sold under foreclosure
of 2d mort. Deo. 28, 1893, and purchased for N. Y. Cent. & Hud ttlver
RR., to which It 1s leased— see V. 63. p. 754, 820. 1159; V. 81, p. 565
Decision, V. 74, p. 380; V. 77, p. 2339. Stock, $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 first 5s — (V. 77, p. 2239.)
York A Rockaway Beach K}.- (See Map Long Island RR.)
—Owns from Glendale Junction to Rockaway Park, I0.il miles, with
branch. 1*43 nlles; total, 1174 miles double track, mostly 80-lb.
Stock, $1,000,000: par $100.
Leased In perpetuity in 1903
steel.
by Long Island Railroad Co., whose endorsement Is printed on first
mortgage bonds On June 30, 1904, $101,000 firsts owned by L. I
RR. were on deposit underlie unified mortgage, together with $905,333
of the incomes. Year ending June 30, 1904, gross, $389,7m4; net,
$151,006; other income, $4,962; bal. over charges expended for improvements. (V. 66, p. 1046; V. 77. p. 20 '8.)
;
RR.—
New
N»w York Short Line RR.—To build a out-ofl for the ReadlngCo.
between Cheltenham and Neshamlny Falls, 9*2 miles. Construction
450,000
al,465.000
842,000
175.000
250,000
N. Y., Grand Cent.8tat. July 1, 1955
N. Y.,Kulokerb. Tr. Co Oct. 15. 1984
D.
Cheoks mailed.
June 1,1905.4
J. Phlla., 26 So. 15th 8t. Jan. 1, 1939
N. Cheoks mailed (see text) Jan. 1, 1939
J.
<fe
J.
J,
M.
A.
A.
M.
-
and the remainder will be reserved for future needs A 3 p. o. dividend (calling for about $1,740,(00) was paid on the common stock in
,
J.
A.
b&o
A
&
&
A
A
&
&
&
New York City.
O.
O. N.Y., Gr. Cent. Station.
8. N. Y., D. 8. M. A Tr. Co.
Oct
O. N. Y.,Of .21 Cortlandt St
Apr.
June
D.
do
do
A.
A.
N.
do
do
do
do
do
do
do
do
Jan.
Feb.
D.
do
S.
do
do
do
June
Mob,
July
A
A
A
J. A
£ g M. &
6g.
6
J. A
J. &
5
M. A
6
M. &
6
4g. A. &
6
J. &
5g. F. &
F. &
-
Aug.
May
do
do
do
do
do
8.
do
N. Nov., '02, n't pd.wh.due
D.
D.
O.
1,
1,
1,
1,
1.
1,
1,
1910
1910
1911
1937
1937
1940
1943
1,
1942
1907
1,
Deo. 1, 1910
Deo. 1, 1916
Moh.
Nov.
N
J.
1927
1,
Oct. 1, 1998
Sept. 1, 1927
All
Y..8.Pao.Co.;London Apr.
owned by So P. Co. Jan.
A. N. Y., Merc. Trust Co. Aug.
A. Phila., Fidel. Trust Co. Feb.
1,
1,
1,
1,
1,
1,
1912
1933
1912
1934
1922
1939
2.000.000 See text, Q.-J. N. Y., Metrop. Tr. Co. Jan.10,'05,1%
May 1, 1941
1.655.000
do
do
5 g.
New York,
2. 90.000
July 1, 1954
5 g. J. & J.
a There are also $53 000 not guaranteed.
MAN.
begun May, 1904. V. 79, p. 1038. To he four-tracked, 2 tracks to be laid
at present and on two miles three tracks. Stock, $250,000, all owned
by Reading Co. Guar, bonds will likely De issued.- (V. 78, p. 2335.)
Mew Vork SuHquehanua A Western KR.-cee
Brie Map.)
History.— In 1898 the stook was mostly exchanged for stock of the
Erie RR., which operates the line Independently. V. 66, p. 53, 83, 759.
Susq. Connecting
>ther branches.
Owned(infee)orentireSik. Miles.
Jersey City to Gravel PI., Pa.. 101
[Double traok 19 miles.]
rwo Bridges, N. J., to Unlonville 21
Lines leased,
RR
10
25
Miles.
etc.
Middletown Un. A Water GapH 14
Wllkesbarre A Eastern
2
65 Traokage
Total road operated (1T see this oo.) June 30. 1904
238
Stock.— Pref., $13,000,000; com., $13,000,000, of whloh the Erie
owned June 30, 1904, $12,378,900 oommon and $12,892,400 preferred,
of whloh $6,630,000 oommon and $6,630,000 preferred are deposited
under Its Pennsylvania collateral trust mortgage. Dividends on pre.
ferred, Nov., 1891, to 1892, 2 1* p.
o.
yearly;
None
since.
Bonds. — General mortgage 5s, bonds are reserved to retire the
second mortgage 4igs. See mortgage abstract, V. 52, p. 84. The
seconds are exchangeable for generals on payment of an assessment.
As to terminal bonds listed In Sept., 1893, see Supplement of Jan.,
1898, and abstract of mort. V. 57, p. 512. The Wilkesbarre d Eastern
1st 5s are unconditionally guaranteed.
V. 60, p. 481.
$25,000 each MAS.
1904-5
Gross, $2,485.707 ; net, $868,630
July 1 to May 3i. s 10O3-4
Gross, 2,398.279; set,
959,767
Report- For 1903 04 In V, 79, p, 195S, showed on 838 miles.
Oth. Inc. Charges. Bal., Bur.
Yea".
Cross.
Net.
1903-04
$2 6.*9,790 $1,109,812 $49 903 $842,928 $216,787
1902-03
2.683,027
1.213,782
33,957
942,075
305,664
— «V. 79, p 681,1642. 1953; V. 80, p. 712.)
IWexIcan Rr.-fte Ump of Southern
New Vork Texan
Pacific.)—Owns from Rosenberg to Victoria, Texas. 91 miles: WhartOk
to Van Vleok, 31 m. (unbonded); Van Vleok to Hawkinsville. 17 m.;
Bay City Jot. to Tree Palaolos. 37 m.; total, I7e Miles. Stock. $630,040, of whloh Southern Pacific Company owns $615,000. There are
also $53,000 old sixes outstanding. Operated by Ro Pae. Co., which
guarantees the 4n and to whloh is owing $229,769. la May, 1905,
the Galveston Harrlsbatg A San Antonio obtained authority to purchase the road and allied lines. V. 80 p. 1434; v*. 81, * 918.
In year ending June 80. 1901. gross, $454,826; net, $87,908; deficit
undercharges, $113,019.— (V. 78. p. 288, 702; V. 81, p. 818 )
Nlasara Junction it > . V terminal and switching road extending from Nla/ara Falls, N. Y.,to Pletcher s Corner*, N. Y , 5'15 miles;
factory sid ngs, 8 61 miles. Stock, $160,000 common and $1*0,000
eight per cent cumulative p>eferr.ed; all of the oommon aad nearly all
ti e preferred being owned by the Niagara Fall* Power
o.
No bonds
In excess of 1500.000 oao be Issued without the oons^nt of the entire
Year ending June 30, 1904, gross $4^.075; net, $21,H95; instook
terest, taxes, etc $1 ',351 ; bal sur., r-9,541. President. D 0. Mills
2d V.-P and Treas Wm. 8. Rankine; Seoretary, F L. Lovelace. Offloe, 15 Broad 8t., New York.
Owns Port Norfolk
Norfolk A Porismonth Belt Line
Bonds see
St ck,*49,6c0. In $100 shares.
to Berkley, Va., 6 miles
table. Year ending Dec. 3« 1904, gross, $100,489; net. $41,027; Int.
on bonds. $12,500; other int., $31; taxes. $1,697; baL, sur.. $26,799.
Owns Norfolk, Va., to Edenton, N. O,
Norfolk A Southern
76 miles; (ferry aoross Albemarle Sound to Maokey's Ferry, 9 miles;)
thence road to Belhaven, 30 miles; Norfolk to Virginia Beach, 19
Providence to Clapham
in.; Clapham Jot. to Munden's Point 22 in.;
Jot 8 in.. Washington to Plymouth, N.C.. 33 miles; total June 30, 1904,
miles. On Deo. 12, 1904, the Chesapeake Tanslt (electric rail187
way) ompany, extending from Norfolk to Lyna Haven Inlet and
Virginia Beach, via Cape Henry, 30 miles, was acquired; a-onneotIdk line trom Mackey's Fer>> 10 Plymouth, 10 m., was completed late
In 1904; 49 miles of the present N A S. will be equipped electrically;
also later probably the Pamlico Oriental A Western RR., under
construction rrom Newborn, N. C.. north to Washington, 33 miles,
V. 78 p. 1549, 2599; V. 79, p. 1462, 1705.
will be merged
In ^a> 1905, new Interests, it is reported, acquired control. V. £0,
p. ^345.
Dividends.—July, 1892. to Jan., 1905, lnol., at 4 p. o. per annum;
In July, 1901, and Apr., 1904, 1 p. o. extra was paid; none since.
Bonds. -Of the consol. 5s of 1904 ($10,000,000 authorized issue).
$2,430,000 has been sold to pay for the property of the Tianslt Co..
the electrification of the Virginia Beach branch, the purohase and
broad-gauging of the Washington A Plyino th branoh, $.9 0,0001s
reserved to lake up the outstanding $1,655,000 bonds and $315,000
treasury b< nds of 1H91 (the latter to be surrendere 1 Jan. 1. 1906), the
remaining $5,600 000 bonus being reserved for future construction,
equipment and Improvements V. 79,p. 2697; V. 80, p. 473.
Report lor 1903-04, including water lines, showed
Other Inc. lnt.it tax. Bur. tor div.
Net.
dross (BR.)
Year—
$8,629 $111,241 $162,699
$941,442
$265,311
1903 4
110,737
91,338
196,973
5,102
930,932
1902 3
Dividends paid yearly (4 per oent), $80,000 President, A H. Flint
(residue 1); Treas G. W. Van Voorhls; Seo'y, A. H. Larkln, 54 Wall St.,
N. Y.— (V. 80, p. 1112, 2345, 2622.)
Susquehanna Connecting 6s are
Earnings- 11 mos.,
called,
>
A
—
•
,
,
;
,
RR.—
.
RR.—
,
'
,
,
July,
1905.]
RAILWAY STOCKS AND BONDS.
39 1
..
.
J
.
)
,
RAILWAY STOCKS AND BONDS.
392
RAILROADS
Date
Miles
Size, or
FP
FP
FP
<
—
223
86
56
86
Consol. bonds secured by $1,200,000 stock
r
Funding loan bonds, $109,000
Real estate morts. and ground rents June, 1904.
No. East Perm.— 1st M., g., gu.P.AR. (end.)
»»o*
North'n Ala.— 1st
($350,000 are prior lien). K.c
Nortfiern, (N. R.)— Stock, 6 p. o. rental
Aorihem Central— Stock ($20,000,000 authorized)
1st mort., State of Maryland loan— V. 74, p. 1197
Consol. general mortgage of 1874, gold, ser. E. o
2d gen. M., series "A" A "B" (A $2,565,000)
Worth'n of New Jersey— Stock, guar, (see V.69,p.81
3d mortgage, now 1st, Interest guar
(
Gen. M., $1,000,000, g., Int. gu. by lease. Usm.C
M
.
Norfolk
«k
.
Gn
"26
107
83
145
145
145
FP
Western Ry.— See Map.— System
westward
21
extends from NorHagerstown,
to Columbus, Ohio, and northward to
Md., with branches to the varions coal fields In Virginia
folk, Va.,
Road owned.
Graham
to
and West Va.
Mile*
Mile*.
Norfolk, Va, to Columbus, O...704
Radford, Va.,to Bristol, Tenn. Ill
Roanoke, Vay to Hagerstown. 238
Norton
100
Nor. Car. Juno, to Fries
44
Lynchburg to Durham, N. C. .. 115
Portsmouth Jot. to Cincinnati and Ivorydale
106
Roanoke to Winston
Sundry branches
121
226
Total owned June 30, 1904.1,765
Columbus Oonn.A Term. RR.
4
Total
1,769
ISO
Doubletraok
In 1896 of Norfolk A Western RR., etc.,
62, p. 641. In 1900-01 Penn. RR. and
subsidiary companies acquired control, through purchase, of over
$32,000,000 of the stock. See V. 74, p. 503; also V. 70, p. 687, 1150,
1195; V 71, p 809; V. 72, p. 184, 480; V. 73, p. 957; VT78, p. 1270.
Branches building June 30, 1904, see V. 79, p. 974 In 1904 Columbus
Terminal
Transfer Co. was leased. V. 75, p. 1202; V. 79, p. 974.
Stock.— Provisions of pref. stock were given In SUf. of April, 1897,
page 4, said stock being 4 p. o. non-cum. with preference as to assets.
Organization— Successor
foreclosed per plan. In V.
&
Dividends,
4444
'05,
1897. 1898. 1899. 1900. 1901. '02. '03. '04.
1
3
4
4
4.
Common
2
2 1* 3
3 June, 1>2
Id 1902, on com., June, 1 p. O.J since to June, 1905, l 1* p. e. seml-an.
Bonds.—The nrst consolidated mortgage of 1896 is limited to $62,500,000, the balance unissued, less $690,51 1 available for improvements on and after July 1,1; 05, being reserved to retire the underlying
bonds. The right to issue prior lien bonds has been annulled. V. 73,
p. 502; V. 74, p. 151; V. 75, p, 505; V. 77, p. 1785; V. 78, p. 229.
The 4 per cent first consols are a first mortgage on a large
part of the system, viz., about 853 miles of railroad; upon Important terminals at Norfolk and Lamberts Point; upon the Ohio
River Bridge and the Koanoke Machine Works besides being a
consolidated mortgage upon 739 miles of
the system, sub
(eot to the undisturbed liens.
They are further seoured by the
squlpment (cost over $11,000,000), covered by the oar trusts andequi
Preferred
p. c. )
£
>
;
snt bonds taken
up under plan. See abstract,
V. 64, p.
376.
p^37, 438.532. 723, 1080;
V.
I
V. 75. p. 505; V. 79, p. 213; V. 81, p. 212
The N.
W.-Pocahontas Joint bonds are seoured by about 295,000
coal lands owned and held by the Pocahontas Coal
acres of
Coke Co.,
whose stock is owned, of which about 50,000 aores have been leased to
eompanles whose stock is all owned by the United States Steel Corporation and 39,797 to other concerns, the royalties under such leases
alone being shortly expected to be sufficient to almost meet the fixed
eharges. They are subject to call at 105, beginning 1906, for a sinking
fund of 2»a cents per ton mined. V. 73, p. 845, 902; V. 74, p. 41, 380,
1197; V. 7o, p 502. These bonds are the Joint and several obligations of the Railway Company and of the Coal <t Coke Co.
Divisional ist lir.n and general mortgage 4* of 1901 ($35,O0O,C0O)
authorized
for future
capital requirements
are a first Hen
on extensions and branches not covered by the first consolidated mortgage aggregating 196 miles, and upon such extendons and branches as may be acquired from the prooeeds of
the new bonds, and also a Ten subject thereto upon the proiertles
covered thereby. Of the #10,000,000 bonds Issuable at once, $8,000,000 has been sold for in provements and new equipment. V. 78, p.
1549; V. 79. p. 501, 628,973, 1642, 1704, 2148; V. 80, p. 1175.
Equipment trusts of 1902, V. 74, p. 681; V. 75, p. 502; of 1904,
V. 78, p. 1907. In April, 19o5. Ser. "C" oar trusts for $2,000,< 00 were
sold. V. bo, p. 1857. Description of funded debt, see V. /5, p. 504.
General Finances.— Of the traffio In 1903-1904 60 p. o. («,459,049
tons) was bituminous coal and ooke; av. rate per ton per mile, 0493
©ems; train load, 488 toi s. As to new 4s of 1904, see Bonds above.
A
&
E arntnos— For 1 1 months ending May 31:
Gross.
Net.
Int., taxes, <6c.
Bal.,*ur.
1904-5
1903-4
$21,920,416 $8,588,490 $<,426,392
$5 162,098
20.825.o79
8,c04,061
3,008,804
5,2f5,257
Report.— Report for 1903-04, V. 79, p. 966, 973 (see ed. p. 935):
1904.
1903.
1902.
1901.
Tear* end. June 30—
$
$
$
$
June 30
Miles
1,769
1,722
1,685
1,567
Passenger earnings
3,150,859 2,841,491 2,379,476 2,046,455
Freight earnings
18,894.941 17,676,349 14,594,281 13,214,164
Mall, express, Ac
755,191
642,836
578,449
524,824
Total gross earnings. 22,800,991 21,160,675 17,552,206 15,785,442
A taxes. .14,213,7.-0 12,697,430 10,136,227 9,445,459
Operating exp.
Total net earnings. . 8,587 261 8,463,245 7,4 5,979 6,339,983
Total net lnoome
8,652,479 8.611.504 7,490,873 6,408,600
Interest on funded debt 2,603,510 2,435,690 2,352,402 2,238,480
Interest on car trusts .
156.889
625
5,375
11,238
Def lnt.Poc.C.& O. bonds
295,595
159,176
161,230
Dividends on pref
(4)919,524 (4)911,818 (4)910,014 (4)909,924
Dividends on com
(3) 1,934.076(3)1,934,076(2)1,289,384(1)644,692
Miscellaneous...
135,000
10.000
251,051
Betterment fund
2.000.000 2.500,000 2,500,000 1,000,000
Disco
t,eto
80,392
218,167
347,078
31,185
1
.
.
i
Balance.
A
&
M. &
A. A
F. A
M. A
A. A
J. &
J. A
J. A
M. A
J. A
J.
F,
.sr.$524,719 sr.185.041 sr.182.076 sr.$822,030
Bonds— Pr lncl
pal,
by
Whom.
-
When Due.
8lock»
—
Last
Dividend.
D. Office, Philadelphia, J'nel6,'05,lii
do
Aug. 1~, '05,2%
do
A.
N. N. Y., Meroant. Tr. Co May 1, 1931
Apr. 1, 1932
do
do
O.
Feb. 1, 1934
A.
See text.
N. N.Y., Mercantile Tr. Oo. Nov. 1, 1989
1881
1,000
7,283,000
6 g1882
1,000
2,000,000
6g.
1883
1,000
5,000,000
6 g.
1889
1,000
5,000.000
4 g.
1896 500 &c. 40,400,500
O.
4g.
1904 lOOOAo.
8.000.000
J.
4g.
1901
1,000 19,987,000
D.
4 g.
1892
500
600,000
J.
5 g.
1902
1,000
3,500.000
8.
4g.
1903
900.000
J.
4 g1903
900.000
4 g. M. & 8.
1905
1,000
2,000,000
4 g. A. <S O.
1902
1,000
250,000
4 g. M. & S
100
4,000.000
F. & A.
7
50
4,800,000
Q.-F.
8
1866 500 Ac
M. A N.
1,500,000
4
1873
4,500,000
33,n g. J. A J.
1881
M. & 8.
1,200,000
1898
391,000
M. A N.
4
18,878
i",ooo
1890
400,000
5 g. A. & O.
1896
1,000
1,650,000 See text. J. A J.
100
3,068,400 See text. Q.-J.
50 17,193.425 8 In 1905 J. & J.
1855
1,500,000
6
Q.-J.
1885
1,000
1,757,000
4 lag. A. A O.
76&82 1,000
3,565,000
5
J. A J.
100
Q.-M.
1,000,000
4
1887 100 Ac
654,000
6
J. & J.
1900
154,000
1,000
43*g. J. A J.
*
4
Pocah.Jt. M.,$20,000,000. g., oalll05,s.f.GP 0*&r
Col. Con. & Term.lst M., g.,gu.p.A l.(end.)OTp o*
Equip, trusts, g., $500.u00 y'rly, beg. 1905. FP.o*
do
Series A, gold, due $100,000 y'rly
do
Seiles B, gold due $100,000 y'rly.
d>
Series <\g.,gu. p.Ai ,due$20 .OOOy'ly
Morrist. A Main L. Con.— 1st M., g., gu.p.&l.end.GP
*» orih Carolina
Stock, 7 per cent rental
No. Penn.— Stk., 8 p. c. gu.990 yrs.,$6.000,000 auth.
OJI 2d M., now 1st M.( 7s extended In 1896).. ..c
Gen'lmort.. extended In gold In 1903
c<fcr
'
Payable
$100 $64,469,200 3 In 1904
100 22,991,100 4 in 1905
.
Vol. lxxki.
INTEREST OR DIVIDENDS.
per When Where Payable, an*
Amount
For explanation of column headings, Ac, see notes
Par
of
of
Outstanding Rate
on first page of tables.
Road. Bonds Value.
Cent.
MorfolTcA Weat. Ry.—Com. stock, $66,000,000 flip
Adjustment pref. 4 % non-cum. $23,000,000. U p
W, A W.Gen. (now 1st) M.Norf.toBris..etcg.FPe*
428
New River division 1st mortgage, gold.PP.c* 195
o*
Improvement A Extension Mort., gold
588
Seioto Valley & New Eng.,l8tM.,a8sum.,g.Ce.o*
129
N. & W. lstconsol. M. $62,500,000, g.JTIe...o*<fcr 1,592
Div. 1st lien & gen.M. (text)g., red.105, beg.'29.G 1,788
|
do
do
do
do
1, 1996
1, 1944
1, 1941
1, 1923
1, '05-11
Oct.
July
N.Y., Mercantile Tr. Co. Deo.
N. Y., Metr'p'lifnTr.Oo Jan.
Phila.. Fidelity Tr. Co. Sept
do
Jan.
do
'06-13
1,
Mar. 1, '06-13
Phila Commero Tr.Co. Apr. 1, *06-l«>
Phila., Read'g Termln'l Sept. 1, 1952
Burlington, N. C.
A"g. l,'05,3i«
Phila. Of., 240 So. 3d St Mat 25,'05,2%
May 1, 1936
do
do
do
do
,
do
do
do
Jan. 1, 1953
do
do
do
Sept. 1,
Nov.
&
Phila., Phila.
Read'g
P. MorganACo
Bost., 1023 Old So.Blig.
Baltimore, Treas. Ottlce
NY., J.
1,
1905
1928
Apr. 1, 1920
July 1, 1928
.Tulyl'05,m!%
JulylV05,4%
Irredeemable.
Annapolis.
Baltimore, Treas. Office, Apr. 1, 1925
Baltimore.Treas. Office Jan. 1, 1926
N. Y., 21 Cortlandt St. June, 1905,1%
do
do
July
do
do
1,
1,
Jan.
1917
2000
Officers.— President, L. E. Johnson; Chairman of Board, Henry
Fink, 27 William St., N. Y.; Vice- Pres., Win. G. Macdowell; Sec, E,
H. Alden; Treas, Jos. B. Lacy. General <mi©e, Roanoke, Va.; Philadelphia office. Arcade Bldg., Market and 15th streets.
Director*.— Ilenrv Fink and Victor Morawetz. New Votk: L. H Johnson,
Roanoke, Va S. M. Prevost, Samuel Rea, N. Parker Shortridue, W. H. Barnes,
Joseph 1. Duran and John P. ureen, Philadelphia; James McCrea, Pittitmrg;
Waller n, I'aylor, Norfolk, Va.
—(V. 80, p. 1175, 1235, 1857, 2344; V. 81, p. 31, 212.)
;
Norrlstown
<fe
Main Line Connecting RR.—Owns
road
3,405 feet long, inoluding bridge over Sohuylkill River, extending
from Norrlstown to a connection with the main line of the Philadelased to Phila.
phia & Reading at a point above Bridgeport, Pa.
A Reading Ry. at 4 p. o. on st"ok and int on bonds. The Reading Co.
owns all the $50,000 stook and guarantees the bonds.— V. 75, p. 1148.
L
RR.—
Owns from Gold-boro to Charlotte, No.
North Carolina
Carolina, 22165 miles; Caroleigh Jot., N. C, to Caroleigh Mills, 1-90
m.; total, 22355 m. Leased from Jan. 1, 1896, to theSouthern Ry. Co.
for 99 years at $266,000 (6^ p. o. on stock) per year till Deo. 31, 1901,
and $286,000 (equal to 7 p. o. on stook) balanoe of lease; also taxes,
V. 63, p. 361. State of Nor. Car. holds $3,000,000 stocks. (V.66, p. 665).
Owns trom Philadelphia, Pa., to
North Pennsylvania
Bethlehem, Pa.. 56 miles; branches to Delaware River, Ac. 31 miles:
second track, 54^a miles; total track, 227 miles. Leased for 990
years from May 1, 1879, to Phila. & Reading RR. at 8 per cent on
stook, and lease assumed in 1896 by Phila. A Reading Railway. Current liabilities June 30, 1904, $432,968— (V. 73, p. 1160; V. 75, p.
1354; V. 78, p. 821.)
Owns road from Glenslde to
North-East Pennsylvania
New Hope. Pa., 26 miles. Controlled by Reading Company. Capital
stook, $400,000, of whioh $318,950 owned by Reading Co. par, $50.
RR.—
RR.—
Northern Alabama Ry.—Sheffield to Parrlsh, Ala., and branohes,
stook and bonds pur119 miles. In April, 1899, a majority of
chased by the Southern Ry. V. 68, p. 824, 873. See also V. 69. p. 391.
Stock is $2,000,000. Under supplemental mortgage of 1898 $400
000 of the outstanding $1,700,000 1st 5s were made prior liens. Remaining $1,300,000 general lien bonds bear Interest for two years
from July 1, 1898, at 2 per oent, then 3 per cent for two years; thereIn year ending June 30, 1904,
after 5 per cent. V. 67, p. 1208.
gross, $487,1 8«; net, $46,330. In 1902-3 net, $63,364.— (V. 69, p. 28.)
Northern (New Hampshire) RR.— Owns Concord, N. H., to
White River Jot Vt., 70 miles; branoh to Bristol, N. H., 13 m total,
83 miles. Subsidiary lines, Concord A Claremont RR., 71 miles; Pe
terborough A Hillsborough RR., 19 miles. Lease to Boston A Lowell
tor 99 years from Jan. 1, 1890, was assigned to Boston A Maine; rental
was 5 percent on stook till July 1, 1897, and now 6 per oent, payable in gold. Until July, 1897, 1 p. o. extra was paid regularly from
contingent fund. Also In 1894, Jan., 5 p. o. extra was paid; in 1896,
July, 2 p. o. extra; in 1897 5 p. o. extra; in July, 1904, ** p. o. extra.
—(V. 65, p. 463; V. 78, p 2385).
Northern California Ry.— See Southern Paoiflo RR.
Northern Central Ry.— Owns Baltimore, Md., to Sunbury, Pa.
135 miles, of whioh 1 32 miles double track— branoh, 9 miles leases—
8hamokin Valley At Pottsville RR., 38 miles; Elmlra A WUliamsport
RR.,76 in.; operates at cost— Elmlra A Lake Ontario RR., 100 miles;
Lykens Vallev RR., 19 miles also since June 1,1902, York Hanover
A Frederick RR., 56 m.; York branoh Penn. RR., York, Pa., to Columbia, 13 m.; total, 448 miles. Also uses N. Y. L. E A W. tracks, 7 m.,
and Phila. A Erie, Sunbury to Wllllauisport, 40 miles. The Northern
Central Connecting RR Co., incorporated on May 12, 1903, with $350,000 authorized stock, is building from a connection at Selinsgrove Jot.
to the main line of the Pennsylvania RR., 35 miles. V. 7», p. 773.
Organization.— A consolidation of several roads in 1854 Con.
trolled by the Pennsylvania RR., which owns a majority of the stock.
The stockholders in Nov., 1903, authorized perpetual lease to or
merger with the Pennsylvania RR. V. 77, p. 1875.
Seodrities Owned— On Jan. l, 1905, among the assets held were
Elmira A Lake Ont. etocb (all), $1,500,000; 8ham. Val. A Potts, stock.
$619,650; Union RR. stock, $1,225,000 (the bal. of $875,000 being held
by Phila. Wllm. A Balto.), etc Also the following, mostly acquired in
1900: Ches A Ohio stock. $1,500,000; Bait. & Ohio pref. stook, #1,000,000, and common, ($781,500; Norf.JA WeBt. pref. stook, if 500,000, and
common, $1,000,000; Erie & West. Transportation Co. stook, $500,000.
Stock.— Authorized Issue was increased in Feb., 1900, from $8,000,000 to $12,000.< 00; Penn. RR. on Jan. 1, 1905, owned $9,401,950.
The stockholders In Nov.. 1903. voted to increase the authorized stook
from #12,000.000 to $20,000,000, Of the new stook, $5,731, 125, raising
the amount outstanding to $17,193,425 was subscribed for at $62 50
per $50 thare in June, 19'04, the proceeds being used to pay off $2,000, odO bonds maturing July 1, 1904, purchase $1,562,000 of the
$2,000,000 outstanding Shamokin Valley & Pottsville RR 3J« p. o.
bonds not already owned, and provide for improvements and equipment. V. 77. p. 1875; V. 78, p 1907.
Divid'db.— ) 1888. '89. '90. '91. '92. '93. '94 to 1900. 1901 to July/05.
8 yearly (JAJ)
7
8
8
7 yearly
8
7
Per oent... S 7
Gross, $4,062,3<>2; net, $157,269
Earnings.- 5 mos., ) 1905
Gross, 3,985,592; net, 649,569
Jan. 1 to May 31. 1 1904
Annual Report.— Fiscal year ends Deo. 31. President's report for
,
;
;
;
1904, given at length in V. 80,
p.
868, 876,
showed the following:
1
July,
:
RAILWAY STOCKS AND BONDS.
1905.]
RAILROAD8.
£for
Miles
explanation of column headings, &o., see notes
on first page
of tables.
Date
Size, or
of
of
Par
Road. Bonds Value.
167
1895
6'6ifl
No.Ohio— let M., g. ($15,000 p. m.) gu„ p.A l.Ce.o"
Northern Pacific By.—Stook, $155,000,000
,.
Western RR. Minn. 1st M., gold, assumed
1877
1883
& N. P. Gen. M., I'd grant, ass*d.Ce.o*<fer 182
mortgages of Northern Pacific Ry.—
Prior Hen M. $130,000,000 gold, ld.gr.lrle.o*Ar See J
F c*<fcr Seet
Gen. lien M. $190,000,000, g., land gr
226
St. P.-Dul. Div. pur. money M., $20,000,000.0.0*
C.B.&Q.col.tr.M.,g. (red.aft.Jan.'06 at 105) so&v *15
M.Minn.&Dul.,Minn.toW.B.Lake,g.as8'd F(»'
St.
Paul
New
.
1st
Bonds Underlying
8t.
. .
Paul & Duluth Div.
Paul & Duluth 1st mortgage, assumed
2d mortgage, assumed. Oe
o*
o*
St.
&
Taylor's F.
Duluth
8. L.
.
L. Sup., 1st M.,s. f.not dr'n.Ce.o*
i., s. f. not dr'n.Oe...cp.
mort., ass'd, $5,000,000, g.Mp.c*
&
IstM,
Consolidated
Car trusts, including interest, July, 1901
tforth'n Pac. r«r. Co.— 1st M., gold, red., atllO.F.c*
Northern Railway (Gal.)—See Southern Pacific
Northern Securi xes— Stook, $400,000,000
No. Shore RR.— N. Pao. Coast, gen. M. (now lst),g.o
New No. Shore M., $6,000,000, g., s. f. beg.'J2.c
Northwestern Goal Ry.—1st M., guar, end., g F.c
Northwestern RR. of So. Oar.— 1st M., $375,000..
Norwich <£ Worcester—Pref. stock, 8 p. o. rental...
Amount
Outstanding
$1,000 $2,500,000
100 155,000,000
328,000
1,000
8,021,000
1,000
Bonds— PnnoiINTEREST OR DIVIDENDS.
pal.When Due.
Where Payable, and by Stocks—Last
Rate per When
Whom.
Dividend.
Payable
Cent.
5
6%
g.
A.
in '04
7
4g.
1896 500 &0. 102,915,500
3 g.
1896 500 &c. 60,000.000
*7,8 15,000
4g.
1900
1.000
4g.
1901 l.OOO&c 215,223,000
7 g.
280,000
1877
1,000
MORT GAGE.
5
1,000,000
167 1881
1,000
5
2,000,000
1,000
167 1887
6
210,000
21 1884
1,000
5
500,000
25 1886
1,000
1,000,000
238 1898
1,000
98-'99
138.386 4ifl&5
6g.
i",6bo
3,687,000
1883
RR.
100 395,400,000 4V2in'03
5 g.
1,498,000
1,000
90 :5 1892
2,000,000
5g.
1902
1.000
794,000
1,000
1893
285,000
1,000
65 1899
8
3,000.000
100
72
4
1,200.000
1.000
1897
5 g100,000
7^ 1901 500 &0
&
O. N. Y., Chase Nat. Bank.
New
York.
do
Q.-F.
M.3JS&N4
6g.
8*
Bonds (not M.), int. gu. under lease, curr'cy...c*r
Nor. A St.L.—lBt M., $300,000,g. red. 1 10 in 10 yrsTa
393
do
11
&
M.
F.
A..
J.
M.
J.
J.
&
&
&
&
&
&
1\
May
N.Y.,J.P.Morgan&Bert
do
t
do
New York.
D.
do
do
N.
Jan.
Jan.
Dec.
A. N. Y., J. P. Morgan <fe Co.
Aug.
Q.-J.
Q.-F.
J.
1, 1945
1, '05
1, 1907
Feb. 1, 1923
Oot.
Aug.
July
Jan.
1,
1,
1,
1,
1,
1997
2047
1996
1921
1907
1931
1917
1914
J.
1916
S.
1968
D.
To 1909
J. N.Y.Winsl'w.Lan'r&Co. Jan. 1. 1933
do
do
do
do
O.
do
do
do
do
1,
1,
Jan. 1,
Sept. 1,
June 1,
Oct.
Feb. 2/04, li«
Checks mailed.
San Fran..Co.'s Office. Jan. 1, 1912
N. May, 1904, int. last pd. Mav 1, 1942
M.
M. & N. N.Y .Farm's L. & It. Co. May 1, 1928
A. & O. Bait, S. Dep. & Tr. Co Apr. 1, 1949
Q.-J. Meoh. Nat. Bk., Wore. Juiyl.'OS, 2%
Moh. 1, 1927
Boston. Co.'s office.
M. & 8.
A. & O. City N.Bk.Wat'rt'n.N.Y Apr. 1, 1923
Q.-F.
J.
&
&
J.
^
t
§ Coupon bonds J. <fe J.; registered bonds Q.-J.
registered bonds Q.-F.
fl Coupon bonds F. & A.;
oa „ TO June 30, i qaa
T „„. -tn 1904
Berlin at 4-20 marks per dollar. J 5,130 miles, including 40 miles not operated; spurs, 261 miles. * $361,000 add'l in treasury
Tear end. Dec.
31—
1901.
1902.
1903.
1P04.
381
450
4 50
408
$10,288 204 $10,310,086 $8,456,^85 $8,266,958
Miles of road
Gross earnings
Net earnings
2,511,969
2.336.S08
2,351,590
2,458,949
594,306
575.608
799.505
7 29,370
Other receipts
$3,135,713 $2,927,198 $3,106,275
Total net income $3,188,319
$164,912
$507,777
$194,760
$420,180
Rentals.&o
530,187
535,905
691.105
494,512
Interest on debt
916,980
916.980
916,980
1,146,224
Dividends 8 p. c ....
93,157
1*6,969
212,979
206,72
Taxes and mlsoel
700,000 1.101,039
908.484
920.681
Extraordinary
None.
None.
1811.405
$129,567
Balance, surplus.
-(V. 78, p. 764, 772, 985, 2600; V. 80, p. 712, 868, 876.)
Northern Consol. Holding Co.— See page 464.
. . .
New
RR.
Jersey.— Owns from Bergen, N. J., to
of
Northern
Sparkill, N. Y. 21 miles; leases Sparkill to Nyaok, 5 miles. Leased
to the Erie RR. from June 1, 1899, for the term of its corporate existence, for interest on bonds, 4 per cent on $1,000,000 stock, payable
quarterly, taxes, and all corporate expenses. Of the $1,000,000 new
4*9 per cent general mortgage bonds, guaranteed by the Erie, $654,000 are reserved to retire the 6s due July 1, 1917, and the remainder
for improvements and betterments or equipment for operation by electricity of the leased properties. See V. 69, p. 81.— (V. 71, p. 30.)
North. Ry. Costa Rica.—See V.71, p. 1067, and United Fruit Co.;
V. 75, p. 849; V. 78, p. 288.
Northern Oblo Railway.— (See Map Lake Erie A Western.)—
Owns Akron to Delphos, O., 165 miles; branches, 2 miles. Leased
in perpetuity to L. E.
& W., whioh guarantees the bonds.
Stock.—Common stock
(all
owned by
L. E.
V. 62, p. 826.
&W.) $3,580,000; pre
stock, $650,000; par of eaoh $100.
is for $4,000,000 of whioh $1,500,000
snissued are limited to $15,000 per mile of completed road hereafter
oonstruoted or purchased. Operated as part of LE.& W. V.66, p. 337
ferred non-cumulative 5 p.
c.
Bonds.—The first mortgage
Northern Pacific Railway.— (See Maps.)— Operates one of the
leading line* to the Pacific, having its eastern termini at St. Paul.
Minn., and Duluth, Wis. (the head of Lake navigation), and runming thence westerly, traversing the great wheat belt of Minnesota
and North Dakota, the mining distriot of Montana and the farming
country of Washington to Tacoma and Seattle, and to Portland, Oregon, with branches to Winnipeg, etc. The system comprises
Main
Miles.
line.
Ashland, Wli,, to Portland,
Ore. (incl. 5 m. terminals) .2,171
Brainerd and Staples to St.
181
Paul
412
Other li»«s
Total mala line
Various branches
2,764
2,540
Leased
to others.
To other oompanies
To Province of Manitoba
Not operated
Miles.
9
354
20
m
trackage) 5,687
TotaKino. 17
Controlled properties.
Wash. & Col. River
1T163
Minn. & Intern. (V.77, p.451) 1 42
Other companies
44
17 m. trackage (operated directly) .5,304 Total system July 1, 1904.. .6.036
Second track
92
IT See this company.
The Manitoba branches, aggregating 354 miles, were leased for 999
years from May 31, 1901. to the Provincial Government and sub-let by
the latter to the Canadian Northern Ry. at a rental of $210,000
annually for the first 10 years, then $225,000 for 10 years, then $275,•00 for 10 years and thereafter $300,000, with the option of purchase at any time for $7,000,000. V. 73, p. 610. In Jan., 1902, purchased branch from Minneapolis to White Bear Lake, Minn., 15 miles,
formerlr lsaeed. assuming $280,000 bonds. V. 74, p. 94.
On July 1, 1900, the St. Paul & Duluth RR., St. Paul to Duluth,
V. 70, p.
etc., 238 mill**, was merged, its bonded debt being assumed.
1250; V. 71. p. «48. On June 30, 1904, 106 miles of branches and extension* were under construction. V. 79, p. 1460.
Histobt.— This Wisconsin company on Sept. 1,1896. succeeded to the
railroad*, 1*m4 grant and other property of the Northern Pacific RR.,
foreclose* 1b July, 1896, and reorganized per plan in V. 62, p. 550.
The sriginal Northern Pacific Company was chartered by Congress
July 6, 1804; 450 miles to Bismarck were foreclosed in 1875.
Stock.— The $75,000,000 preferred stook was paid off at par on Jan.
1, 1902, ta« common being increased from $80,000,000 to $155,000,Total, inol.
V. 73, p. 1062, 1160; V. 74, p. 41:
V
78, p 1223.
Securities Co., whioh owned $153,750,640 Northern
Paoiflo stoek, also most of the Great Northern stock, was in July, '05,
•eing liquidated under the pro rataplan of distribution sustained by
the U. 8. Supreme Court, the Union Paciflo to receive $32,070,612
Northera Paeiflo stook on account of its holdings of Northern Securities stoek. V. 80, p. 118. 1363, 1479.
DrvTDBND* (p. o.)— ) 1898 1899 1900 1901 '02 03 '04
1905.
•00.
The Northern
2
4
4 5^ 7 6% Omos.lS 1*
4 4(Q.-M.) 4 1 (final)....
1905. incl., 7 p. c. per an., viz., quarterly,
1*2 p.o. and •« p.o. extra. V. 80, p 1479.
Bonds.— Abstracts of the new Prior Lien and General Lien mortfages of 1896 were in V.63, p. 1012-1019, and the statement to New
'ork Stook Exchange, was in V. 63, p. 1072, showlng:|
^J
p&
On coniiioi
On pref (retired)
)
5
From May, 1904, to May,
S-
Prior lien 4%s purchasable with land sales at not exceeding 110 [but not subject to call], not over
$130,000,000
$500,000 cash yearly to be so applied. Total issue
toz,qi5^oo
Issued and outstanding
3,734*5°°
Issued, but purchased and canceled
S^jo,ooo
Reserved to retire St. Paul & N. P. and West. RR. bonds..
For new oonstruotion, betterments, equipment, etc., under
carefully guarded provision a, but notexceeding $1,500,16,000,000
000 per annum. Originally $25,000,000— still held
Of the $190,000,000 general Hen bonds, $130,000,000 are reserved
maturity.
to retire the prior lien bonds at
The St. faul A Duluth Division mortgage seoures $20,000,000 purchase money bonds on the former St. Paul & Duluth. of which $9,215,000 were issued to acquire the road, $5,283,000 are reserved to retire
existing St. P. & D. bonds and the balance for improvements to the
property, V. 70, p. 1250; V. 71, p. 1167. The lands included in the
grant of the former St. Paul & Duluth are estimated to be worth
about $4,000,000, and were not covered by the old mortgages. They
are to be sold and proceeds applied 10 purchase of the bonds at not
over 105 and interest, or if not purchasable at that price, then to betterments, improvements or ad iitions to the mortgaged premises or
equipment therefor. To July, 1904, $2,035,000 had been thus purchased and cann«led. V. 71, p. 1167; V. 72, p. 339.
Land Grant.— The land grant was 12,800 acres to the mile in the
States of Minnesota and Oregon and 25,600 acres per mile in the (then)
intermediate territories. The acres on June 30, 1904, not yet sold were:
2,489,751
82,875 Washington
Minnesota
52,998
6,340 Oregon
In orth Dakota
6,679,382
Montana
Total west of Mo. Rir.10,01 2,360
701,014
Idaho
Land sales in year 1903-04 aggregated 323,345 aoree; net amount
reoeived from sales and land contracts, $2,100,680
Finances.— In 1904 Northern Pacific and Great Northern had acquired
$107,611,000of the $110,839,100 stock oi Chicago Burlington AQuincy
RR. in exchange for their Joint 20-year 4 per cent gold bonds
secured by the deposit of the stock in trust, on the basis of $200 in
bonds for each $100 stook. See circular, V. 72, p. 871, 1034, 1135;
application to list. V. 73, p. 294; V. 73, p. 610
In May, 190\ the Northern Pacific and Union Paoiflo arranged for
the joint construction of 300 to5o0 miles of road into the Clearwater
district, Idatio. V. 80, p. 2220.
Earning*.— 8 mot., ) 1904-5. ..Gross. $33,771 946: net, $17,492,424
July 1 to Feb. 28. ] 1903-4.. .Gross. 31,939,558; net, 15,466,292
Total net income applicable to dividends, for the 8 months, after deducting taxes, interest, rentals and improvements, and adding other
income (exclusive of land sales), $11,156,001, against $9,168,221 in
1903-4; divs. paid In 1901-% $tf,97\000, agamst $6,974,990 in 1903-4
Annual Report.—Report for K1903-04 in V. 79, p. 1459. Bjlanoe
sheet Feb 28, 190 i, V. 80, p. 1S 3.
1901-2.
1900-1.
1903-4.
1902-3.
Irs. ending June30.
5,111
5,100
5,262
5,019
Aver, miles operat.
Passenger earnings. $11,105,753 $10,595,447 $9,177,509 $7,247,000
32,998,921 33,301,958 30,227,013 23,481,713
Freight earnings.
1,982,858
1,832,270
2.419,900 2,244,700
Mail, express, <fc c
Gross earnings.. $46,524, 574 $46,142,105 $41,387,380 $32,560,984
Net earnings
$22,290,031 $22,110,012 $20,098,966 $15,920,840
$920,352
Taxes
$1,462,775 $1,421,434 $1,149,890
150,543
134,690
Rentals, etc
158,369
120,742
3,000,000
2,»11,285
Add'nsandlmp'tB.. 3,000,000
3,000,000
Netoperat'gincome.$17,66*,8ri7 $17,538,035 $15,828,333 $li,854.513
Misoel..exol.land sale s 1,483.354
1,112,551 __
743.787
843,765
Bal. for interest
$19,152,241 $18,650,586 $16,672,098 $13,598,300
Interest
6,904,696 $6,624,866 »6.*95,681
$6,922,930
Div. on pref. stock..
(2»1. 500.000 (4)3,000.000
Div. on com. Btch(7k) 10.849,989 ( 6Lj)10,074,944(5)6, 999,946 ( 4)i«,aO0,OO0
Bal., sur.for year $1,379,322 $1,670,946 $1,547,186 $1,«0*,619
Directors.— John 8. Keinedr. D. Willis James. Georre f. Baktr, John
Sloane, Rooert Bacon. — racancy— Lewis Cass l.edyard. Eovcl EHiott,
Cbarles Steele. George W. Perkins. William P Cloueb, James M. MUh Amos
Tuck French, Alexander Smith Cochran and Payne Whitney.
officers.— President, Howard Elliott, St. Paul, Minn.; Tioe-Freeident, Dan. S. Lamont, deoeased; Sec, George H. Earl, New York;
Treas., O. A. Clark, St. Paul. N.Y. offloe, 49 Wall St.— (Y. 8€, p. 165)
,
Northern Pacific Terminal Company, of Ores;* .—Owns
terminals on the Willamette River, Ore., at Portland, East Portlan* and
Albina, comprising lands 270 acres, traokage 32 miles, dock frontage
7,904 feet. Station at Portland, Ore., opened 1896. V. 69, p. M», 441.
Lease.—Leased for fifty years from Jan. 1, 1883, jointly and severally
to Northern Paciflo, Oregon Ry. & Navigation and Oregon & California,
with guaranteed rental to pay interest, sinking fund and taxes; leases
assumed in 1899 by new Nor. Pac. and Or. RR. & Nav. V. 69, p. 230.
Stock.—Stock ($3,71 ,000) owned by said three oompanies (40 p.e.)
by Oregon Ry. & Nav. Co., 40 per cent by No. Paoiflo and 20 per oent by
Oregon & Cal. RR.), and held by Central Trust Co. of New York, to be
delivered after payments to the sink, fund, whioh is to cancel the bonds.
Bonds.—The first mortgage is for $5,000,000; in 1905 $4,225,000 had been issued, of which $538,000 retired by sink_ng fund, drawings at 110 and Interest. V. 77, p 193; V. 78, p 288; V. 80, p. 223.
">
394
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
July. 1905.
|
RAILWAY STOCKS AND BONDS.
395
.
RAILWAY STOCKS AND BONDS.
396
RAILROADS*.
Miles
For explanation of oolumn headings,
on first page of tables.
<fec,
see notes
Date
Size, or
of
of
Par
Road. Bonds Value.
Ogden Mine RR — Stock (5 p.o.rent.Oen. of N. J.)
O.Oonn.Ry — 1st M.,$2,O00.O00.g.,gu.p.&i.textFc*
Oh-o <t Ky.— 1st M., g., s. f ., call at 110.Ce
C
Ohto <t Little Kanawha Ry — 1st M., $250,000. g.K
Ohio River— 1st mortgage ($2,000,000), gold.FP.c*
Gen. M. ($3,000,000), gold, 1st on 39 miles.FP o
Rav.8p.&Glen.lstM.,$400,000,g.,gu.,p.&i.FPo
Huntington & Big 8. IstM. ($400,000), gold, gu.c
Eipley<feMillCr.lstM.g.,gu. p.<fei.,end.FP.o*<fcr
Ohio River <6 West'n — lst nior ., $600,000, gold.F
Old Colony— Stock, 7 p. c, guaranteed by rental, o
Bonds, not mortgage
r
Bond8,notmort. (authorized $3,000,000) g...c*r
Bonds, not mortgage
o&r
Boston Clin. F. & N. B. mortgage.
c
Bonds, not mortgage
c<fer
Omaha Bridge <6 Terminal Ry.— IstM. ($5,000,000)
Oregon <t Oai.— lstM.,g.,dr'natlOOgu.p.&i.TJn.c*
,
NB
Oregon RR.
«fr
Navigation— Common stock
Preferred stock, 4 per cent, non-cumulative
Consol. M. (now 1st) $24,500,000, gold N
6
26
80
172
209
33
11
13
111
mmmm
125
21
670
o* 1,063
Oregon Short Line RR — 1st M., (Ry Co.) g...C*
Utah & North'n 1st mort., $12,000 per mile
o*
$100
10
. .
600
477
477
Con. M.. gu., $15,000 p. m., s. f. not dr'n.g. ARo*
Con. IstM., $36,500.000, g. (IstM. on 400m). «i.c* 1,479
Ref.M.,$100,000,0o0,g ,gu.,p.&1..red.textKqc\fcr
,.
Income bonds, Series A. 5 p. o., non-oum.Olt
do
Series B, non-oum.
... JOreg. <6 So. E.—lut, M., $300,000, g., red. 110, 8. f.Ta
Oswego «£• Syracuse- Stock, 9 p. o. guar., D. L. & W.
35
ConsoLM. (guar. D.L. & W.)
35
Conetruotiom mor>.,guar. (for $1,000,000).
35
Owensboro dk Nashville—1st mortgage, gold...Ce c*
88
Mo
F
1903
1896
1900
1886
1887
1890
1892
1888
1903
1,000
1,000
1,00<>
1,000
1,000
1,000
1,000
1,000
1,000
,
Northwestern RK. of Sonth Carolina.—Wilson
Mill. 8.
C,
via Snmter, to Camden, 61 -6 miles, of which Bumter to Camden completed 1900; branch, Millard to St.Paul,3-7 m.; trackage, 432 m.; total.
69-62 miles. Stock, $100,000 Dividend 6 p.c. paid yearly, Dec, 1900,
to 190'2 in 1903. 4 p.c
Year ending June 30, 1904. gross, $96,590;
net, $49,057: luteTest, $15,000; dividends $4,000; bal.. sur., $30,057.
Norwich At Worcester
Owns from Norwich, Conn., to
Worcester, Mass., 59 miles; branch, Norwich to Groton, 13 miles;
total, 72 Miiles. Also owned entire capital stook ($500,000) of the Norwich & New York Transp. Co., operating boat line to New York City
(merged 1m New England Navigation Co. In Dec, 1904). Leased
to New England RR. for 99 years from Feb. 1, 1869. and accepted by
N. Y. X H. A H. RR. since Julyl, 1898; rental is 8 per oent on preferred stock.— (V. 69, p. 1194; V. 70. p. 76, 125.)
NarwooddrSt. Lawrenre It R.— Norwood to Raymondvllle, N.
Y., 7»« m.; opened Nov., 1901. Stock. $100,000; par of shares, $100.
Bonds are subleot to call at 110 Apr. 1, 1912. Year endiDg June 30.
1904, grejs. $16,669; net, $14,503; int. and taxes, $5,4™; bal., sur.,
$9,6 18. Pre*.. Chas. H. Remington, Treas., Warren F. Howe, Watertown, N. Y.-(V. 74, p. 1090.)
RR.—
_
<>«;*•
Mine RR.— Owns
Sparta (or Ogden Mine), N.
Nolan's Point (Lake
J.,
10 miles.
Hopatoong) to
Leased for 999 years from
c. per annum on oapltal
Ja». 1, H82, to Central RR. of N. J. for 5 p.
stock aad $500 yearly for organization expenses.
A- Lake Champlalnl Ry.—8ee Rutland RR.
Ofcl* C*anectlng RR.— Owns bridge over Ohio River near Birmingham), Pa., and approaches. 5-63 miles
Leased from Oct. 20
1890. for no definite time to Pitts. Clnoin. Chic. & St. Louis Ry.;
rental, net earnings. Stock Increased in Dec 1902, from $1,000 000
to $2,000,000 in $50 shares. Bonds are guaranteed as to prlnolpal and
interest bv endorsement by Pennylvanla Company which on Jan. 1,
1905. owmed the entire stook and bonds.
For calendar year 1904,
•*4eii»»«rt;
,
gross, $3o2.957: net. $178,383; charges. $30,000; dividends (5 p. c).
'•
§100,000; bal., def.,$l,617.-(V. 76, p. 919.
Ohio 4c Kentncky Ry.—Owns from Lex. A East. Ry. at Jackson, Ky., to cannelooal fields in Morgan Co., Ky., 26 m. Operated by
Lex. A East. Ry., but independent operation resumed in July. 1904.
Com. stock, $200,000; pref. stock, $100,000; bonds as above, $250,000;
junior securities to be taken by stockholders, $175,000. Bonds are
guaranteed by Kentucky Blook Oannel Coal Co. Year ending Jnne 30,
1904, net earn $46,699.
Pres., W. de L. Walbridge, 1 B'way, N. Y.
Ohio Ac Little
Ry.—ZanesvlUe, O., to Marietta, etc.,
80 miles. V. 69, p. 907. Bait. A Ohio has pledged under its Pitts. L.
Kanawha
INTEREST OR DIVIDENDS.
Amount
When
Outstanding Rate per Payable Where Payable, and by
Cent.
Whom.
doniui
—Prim.!-
pal,When Due.
Stocks— Last
Dividend.
& J. Phila.. 608 Chestnut 8t. July, '05, 2V*
A 8. N.Y.,Farm L. ATr. Co. Sept. 1, 943
N. Y., 1 Broadway.
J. & J.
July 1, 1926
M. & S. N Y., Kniek. Trust Co. Mch. 1, 1950
N. Y., Central Tr. Co.
J. A D.
June 1, 193b
A. & O.
do
do
Apr. 1, 1937
P. & A.
do
do
Aug. 1, 1920
New York or Phila.
July 1, 1922
J.
6g. J.
6g. P. & A. Phila., E. W.Clark & Co. Aug. 1, 1908
M. & S. No interest ever paid. Sept. 1, 1953
4g.
Boston, Ottioe.
<4.—J.
July 1, '05, 1%
7
J. & J.
do
Jan. 1, 1938
4
do
Feb. 1, 1924
4 g. F. A A.
J. & D.
do
Deo. 1, 1925
4
J. & J. Boston, N. E. Trust Co. Jan. 1, 1910
5
3>9
July 1, 1932
J. A J. Treas. office, Boston.
5
J. & J. Prov. L. A T. Co., Phila. Feb. 1. 1943
$450,000
2,000,000
250,000
228,000
2,000,000
2,941,000
376,000
303.000
50.000
600,000
17,871,400
4,000,000
3,000,000
J.
M.
1
<fc
100
1888
l.COO
1894 L.OOO&O
1895 1.000 feo
5,51*8,000
1880
1.000
1,912,000
1902
1,000,000
1893
1,000
1,563,000
1887
18 23^,000
1,000
5g.
100 24,000,000
100 11,000,000 4% in '04
1896
1,000
21.479,000
4 g.
1882
1,000
14,931,000
6 g.
1878
1,000
4,993,000
7
1886
1,000
1,802,000
5g.
1897 500 &0. 12,328,000
5 g.
1904 l.OOO&o See test.
4 g.
1897 500 Ac
7,185,000 5 p. 0. in
1897 500 &o. 14,841,000 4 in 1901
300,000
1902 500 &c.
5 g.
50
1,320,400
9
1876
1,000
438,000
7
1883
1,000
668,000
5
1881
1,000
2.000.000
6 e.
Northern Securities Co —In 1904 the U. S Supreme Court
declared the company to be a combination in violation of the AntiTrust Act. and thererore illegal. V. 76, p. 811,919, 1249; V. 78, p. 1168
In Apr. li-05. the pro rata plan of liquidation given below was sustained by the U. S. Supreme Court, and the company's holdings of
Great Northern and Northern Paci no etooks were b«lng distributed.
The stockholders voted on April 21, 1904, to reduoe the stook
from $395, *i 0.000 to *3.9?'4.000, the par value of sharesto remain
$100.
In return for each 100 shares of Northern Sec. stock owned
the holders to receive 99 times $39 27 stock of the Northern P.tcino,
or $3,887 73, and 99 times $30 17 stock of the Great Northern, or
$2,986 83. and a stub for 1 per cent ($100) of the original Nor. Sec.
stock owned, the latter representing the tenia inlng assets in the treasury, pendiDg completion of dissolution
V. 78, p 1223.1275,1392.
Dividends. -Dividends 1902, 4 p. c: 1903, 4^; 1904, Feb., )i«p. o.
Officers.— President, James J. Hill; Seo and Treas., E. T. Niohols;
General Counsel, \V. P. Cloueh. Office, 32 Lit.ertv St N. Y. -»V. 80.
p. 1363,1424,1479,1857,1913,2220; V. 81, p. 212.)
Nortb Shore RR. (Narrow Range)— Owns San Francisco to
Cazadero. 87 miles; branohee to San Rafael and Mill Valley, 4 miles;
leases to 8an Quentin, 3 miles; total operated, 94 miles, inelud ng
ferry to San Francisco, 6 miles. Of the road, Sausolito to Mill Valley,
Fairfax and San Rafael, 25*3 miles, was opened as a third-rail standardgauge electric line in Aug., 1903. V. 74, p. 1252. Successor May. 1902,
of North Pacific Coast RR. In 190t President Arthur W. Foster of
the California Northwestern Ry. and associates, lnoluding. it was understood, Southern Pacific interests, acquired control. V. 79, p. 681.
_8tock.— Stock issued, $6,000,000; par $100. V. 77, p. 250, 1534.
"Bonds.— Of the 5s of 1902 iMero Tr. Co. of San Fran., trustee), the
present issue is tS3,500.0OO. of whloh $1,500,000 were reserved to retire
the N.P Coast 5s at or before maturity, the bal. being issuable as required for extensions and improvements. V. 74. p. 1252. The lntereston the 5s of 1902 wai defaulted a second time in May, 1905, cash
for priroi al and interest being deposited with the trustee, which declared the bonds due and arable
V. 80. p. 1913.
For year ending June 30. ltH'4. gross, $640,738; net, $47,308; interest and taxes, *163,888; bal., def. for year, $116,580. President, Arthur W. Foster, San Franoisco. Directors Aug.. 1904, V. 79, p. 681.
—(V. 78. p. 2599; V. 79. p 681. 2148; V. 80 p. 1913.)
Northwestern Coal Ry.—Allouez Bay, Wisconsin, to Allouez
Junction, Wis., 253 miles, with coal wharf covering about 80 acres of
land. V. 71, p. 698. Owned by the Pittsburg Coal Co., which guarantees the bonds. See official statement, V. 71, p. 698. Capital stock,
1,000,000.
For year ending June 30, 1904, gross, $22,051; net, $8,t98; int. and taxes, $11,864; bal.,def. foryear, $8,566.— (V. 71. p. 698.)
North went.—See Chicago <fe North Western.
[Vol. lxkxi.
J.
J.
J.
P.
J. N. Y., 8outh Pacific Co.
N. Y. Office, 120 B'way.
do
do
J.
<fe
A
A
&
&
&
A
&
D.
A.
July 1, 1927
July 2, '98, 1%
July 2, '05, 2%
New York & Germany June
N. Y., 120
Broadway
do
do
do
do
do
do
do
do
D.
J.
do
do
Sept. '01
do
do
Oct.
A. & O. N. Y., No. Amer. Tr. Co.
1,
1946
Feb. 1, 1922
1908
1926
1946
Deo 1, 1929
July 1, 1946
July 1, 1946
Apr. 1, 1922
F.-A..20 N. y.,Del. L. A W. RR, Aug 20, 1905
do
do
Mch. 1. 1907
M. A 8.
do
do
May, 1923
M. & N.
Nov. 1. 1931
M. A N. N. Y., 71 Broadway.
J.
J.
J.
J.
J.
J.
July
July
July
1,
1,
1,
E & West
Va. mortgage $585,000 oommon and $824,000 pref. stook.
V. 73, p. 1264. Stock is, oommon, $918,000; pref., $1,167,500. Year
1901-02, gross. $188,718; net, $43,191.— (V. 73, p, 1264.)
(See B. <& O. Map.)— In July, 1901, purchased
OB1I0 River
by the Bait. & Ohio RR., whioh has pledged $5,884,400 of the $5,915,430 capital stook as part security for Its own Pitts. L. E. & W. Va. 4s.
Report. -Year ending June 30, 1902, gro«s, $1,559,152; net, $585,942; Int. $25'2,536; bal.. s ir„ $333,406. Earnings since July 1, 1902,
are included in those of B.
O. -(V. 72, p. 287; V. 73, p. 287.)
RR.—
&
Ohio River A' Western Ry.— See page 464
Old Colony RR. (Mass.)— Owns road from Boston to
Provlnoetown, Mass., Newport, R. I., etc., 508 miles; leases, 108 miles.
Lease.—In 1893 leased to the New York New Haven & Hartford
for 99 v«*an-8. About $5,500,000 of the stook. included in table above,
Is held by the lessee. The lease provides for dividends of 7 p. 0. per
annum on stook not «>xohanged. V. 56, p. 247, 374. Stook author*
ized, $20,000,000. On June 22, 1904. $462,500 stock was sold to retire
$750,000 bonds maturing Julyl, 1904, and $17 ,000 floating debt,
raising amount issued to $17,871,400. V. 78, p. 1962, 2335, 2443.—
V. 78, p. 1962. 23^5, 2443, 2600
Orange A Northwestern RR.— Buna to Orange, Tex., 30 miles.
Extensions are proposed, making 385 miles in all. In May, 1905, contract was let from Buna to Newton. 3 1 miles. Stook authorized. $400,000; outstanding $15,000. In Nov., 1904. B. F. Yoakum of St Louis &
San Francisco acquired an internet. V. 79, p. 2797. In April, 1V*02,
the Railroad Couiinissloners of Texas approved the issue of $23,000
bonds per mile on 3<> miles. Bonds outstanding Dec, 1904. $420,000
first Os, due Sept. 15,1933. For year ending June 30,1904. gross,
$76,130 net. $16,397; taxes, $2,367. President, L. Miller; See. and
Treas., W. W. Reid. Office. Orange, Tex.— (V. 79, p. 2797.)
Oregon Ac California RR.-(5e« Map Southern Pac.) -Portland,
Ore., to California State line, 367 miles Albany Juno, to Lebanon, 12
miles; Portland to Corvallis, 97 miles; Woodburn to Natron. 93 miles;
Portland, Ore., to Alrlee, Ore., and branch. 85 miles; Mohawk Jot. to
Wendling, 16 m.; traokage, 2 m. Total,672 mileB
Lease, etc.— Leased to Southern Paoltio Co. for 34 years from August
1,1893, the lessee guaranteeing interest on the bonds, and the lessor
reoelving any net profit and being charged with any deficit after payment of charges. Betterments are payable by lessor. Southern Pacific
owns all but $75,000 of the $19,000,000 stock, $12,000,000 of which
Due So. Pac June 30, 1904, $5,683,690.
Is 7 p. o pref. V. 72, p. 287.
Bonds.—Land grant was about 4,000,000 acres, part of whloh is
covered by the mortgage, proceeds of land sales going to redeem bonds
(subject to call at par). The Southern Paoiflc guaranty of prinolper cents. In 1903-01 net
fial and Interest Is printed on each of the 5
and sales subleot to mort. were $115,596. Bee V. 63, p. 754.
;
Latest Earnings. —7 mos.,
) 1903 4.Gross, $2,576,550; net, $913,399
2,341,219; net, 651,434
July 1 to Jan. 31.
S 1902 S.Gross,
Earnings.—Year ending June 30, 1904, gross. $4,30*,215; net.$l,259,601; int., taxes, etc, $1,271,356 — (V. 79, p. 2457; V. 80, p. 2220.)
Oregon Improvement.— See Pacific Coast Co. (MlsoelL Go's).
Oregon Railroad Ac Navigation.— (See Map Union Pat.)—East
Portland, Ore., to Huntington, Ore., 403 m. Umatilla, Ore., to Spokane, Wash., 245 m.; branohes owned, 467; leases Snake River Valley RR., Wallula to Grange City, Wash., 66 m.; other, 2 m.; total.
1,083 m., of whioh 13 aarrow gauge; river division water lines, 308
miles. Ocean line to San Franoisco. 660 miles. la Aug., 1904, contract wa^ let for branch from Arlington to Condon, Ore., 46 Miles. Th*
stockholders were to vote July 6, 190^, on authorising an extension
from 8t. Johns, Ore., to, at, or near, Trout lale.
Organization.—Organized in July, 1896, per plan In V. 61, p. 32S
and V. 62, p. 41. Controlled by Union Paoiflc Ry., dlroeHy and
through Or. 8h. Line. Owns $700,000 first 5s (entire issue) of Columbia Southern Ry., Biggs, Ore., to Shaniko, 71 miles. V. 73, p. 1863.
Stock.— In October, 1899, the U. P. issued its oommon stock to
retire, $ for $. the $7,718,600 Or. RR. & Nav oommon stock not
owned by the Short Line Co. and its preferred stook to retire the $11,000,000 Or. RR. A Nav. pref. stock.—V. 69, p. 492, 597. In Jmly, 1904.
all except $20,21C common and $14,660 preferred stook was owned
by the Union Paolflo system, bein< mostly deposited under Or». Short
Line refunding 4s of 1904. V. 70, p. 177; V. 80, p 1918.
Dividends.—On preferred: 1897, 2 p. c; 1898 to Jan., It66, both
inclusive, 4 p. c. yearly. On common paid 1% July 2, 1898.
Bonds.—The consolidated mortgage of 1896 (abstract T. 63, p.
928; trustee, New York Seourity A Trust Co.) oovers all the property.
Of the $24,500,000 authorized, the bonds unissued are mostly
reserved for the oonstruotlon of additional road at the rate of not more
than $20,000 per mile of constructed road. V. 74, p. 206.
Report.— Report for 1899-1900 In V. 71, p. 960; none slnse.— (V. 72,
p. 45, 184; V. 74, p. 884; V. 75, p. 290; V. 80. p. 1913.)
Oregon Short Line RR.— (SeeMap Un. Pac.)—Granger, Wyo., to
Huntington, Ore., 542 m.; branch to Ketohum. Idaho, 70 m.; Ogden to
McOammon. Idaho, 111 miles Pooatello to Silver Bow, Montana, 256
miles; Cache Jet, Idaho, to Preston, Utah, 43 miles; Ogden, Utah, to
Sandy, 50 miles; sundry branohes, etc, 182 miles; Butte to Garrison,
Mont, 57 m., owned, but operated by Northern Paolflo; traekage, ll
;
miles; total
Jane
30, 1904, 1,313 miles.
—
c
July,
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
<feo.,
see
notes-
Otark A Cher. Cent.—1st M., g., gu. p.* 1. red. par N
Musk.C'yBr'gelstM.g ,int.rent.red.l05'07aSto*
Panama— Btoeu.
Date
Size, or
—
General mort. bonds, $1,000 and *200 eaoh..o<fci
r
Con. M. (Gold registered bonds
of '73 se- Gold coupon bonds
c
not drawn. .c
cures all Gold ooup., s. f., 1 p. c,
•equally. [ Sterling (8. f in 1900) not drawn o *<fc r
1
)
.
.
-onds (P. W. A B. stock as collateral)
Collateral trust loan, gold , not drawn
Gold bonds, redeemable, text, convertible.
do
do
8unb. Haz. A Wilk., 1st,
2d mortgage, Income
i
144
.-i
50
14
14
....
857
857
857
857
857
«>•
o'
G P. o*
do
o'&i
A, drawn at 100...
,
Ser.
c<fti
Amount
of
of
Par
Road. Bonds Value.
1903
1902
1897
1880
43
43
56
Outstanding
$1,000
1,000
1,000
1,000
50
1st M.,$4,000,000, e.f.,g,red. atl05(tert).Ce...C
Subsidy bonds.,g. , drawn at 100. 8eeV.64,p.705.C
Palerson <t Uud.Riv.— 8tk.,8p.o. rent. N.Y.L.E.AW.
Paterson dt Ramapo— Stock (rental guarantee)
Pemigewasset Valley RR. Stock (rental guarantee)
Pennsylvania RR.— Stock, $400,000,000. Tr
100
50
•
100
50
.a.
1867
1879
1879
1893
1895
1881
1883
1902
1905
1878
1878
1896
1879
1888
1882
1904
1889
$ or £
1,000
1,000
1,000
*200
1,000
1.000
500
500
100
100
&
,
Ao
Ac.
Ac.
Ac.
On July 7, 1 903, the portion of the main line from Salt Lake City,
Utah, to Calientre, Nev., 340 miles, included above, witu some branoh
mileage and additional completed road south or Calientes, 512
miles in all, was taken over under purchase by San Pedro Los Angeles
A Salt Lake Ry., the Oregon Short Line acquiring a half interest in the
San Pedro L.. A. & S. L., to be completed between Los Angeles and
Salt Lake City by Jan., 1904. V. 79, p. 1"05. V. 76, p 919, 1356; V.
77, p. 38. Snake River RR. is to build from Riparia, Wash., to Lewiston, Idaho. 71 miles. Branch from Minidoka to Twin Fa Is, Idaho. 60
miles, is under onstruction, of which 19 operated; also branoh from
Garland, Ut=h, to Malad City, Idaho 32 miles.
<
History.— Successor March 16, 1897, of the Oregon Short Line A
Utah Northern Ry., foreclosed per plan in V. 62, p. 504, 505. Controlled by Union Pacific which holds nearly the entire capital stook
and the greater part of the Income A and B bonds. V. 75, p. 1032.
Capital Stock.— Authorized $27,460,100, of which new Union Paoiflo
By.Co.has acquired $27,450,100. V.68,p.l88,381,474.
Bonds.— Of the $36,500,000 new first consols, $22,029,000 are reserved to retire at maturity the loans not disturbed
Series A, incomes, non cumulative 5 per cents, have received : In
Sept., 1897, 4 p. o.; Sept. yearly since, the full 5 per cent, at Guaranty
Trust Co., N.Y. or Old Colony Trust. Boston. V. 69, p. 492.
Oregon RR. A Navigation stock, viz., $16,281,400 common and
$976,900 preferred, is owned and pledged as special seourity for
the Series B incomes, but dividends thereon are to go to the Short Line
oompany except as needed to pay to Series B their full interest. In
Oct., 1898, 3 per cent and in Oct., 1899 to 1904, inclusive, 4 per cent
yearly was paid on the 8eries B incomes. V. 65, p. 572; V. 66, p. 1141.
The Union Paciflo owns $6,751,000 of the $7,185,000 Income "A"
bonds and $14,788,000 of the $14,841,000 "B" bonds. V. 70, p. 176.
In 1900-1901 $78,108,000 Northern Pacific stock was purchased and
exchanged for $82,491,871 Northern Securiries Co. stock and $8,900,007 cash (V. 75, p. 1196). All of the Northern Securities stock was
deposited as collateral for an equal amount of "participating"
bonds, the latter, together with the cash mentioned, being given to the
Union Paoilio RR. for advances. The participating bonds have been
exchanged for collateral trust 4 per cents (see below).
Theref gold guar 4s (collar;, trust) of 1904 (authorized issue, $100,000,000) are subject to call at 102 "a on and alter Dec. 1, 1907. The
bonds are secured by pledgeof the following stocks: *5,00O,0OO North
ern Securities; $18,000,00 > preferred and $90,000,000 common South
ern Pao. and $10,00o,( 00 preferred and $20 000 OOo common Or RR.
A Nav. Tne collateral may be replaoed by otlier of equal value, of
the bonds, $45,000,000 has been sold, $4 5 991/00 is held in the Union
Paciflo treasury and the remaining $9,009,000 for future purposes,
tiee abstract or mort.. V, 80, p. 2403.
V. 7tf, p. 2086; V. frO, p. 1W13.
The 4 percent and paiticipating gold bonds were called for payment
on Feb. l, 1905.
Earnings.- For 7 mos. ending Jan. 31, 1S05, gross, $8,951,769: net.
$5,692,2*0; charges, $3,828,18*; bal„ sur $l,8c4,092. V. 80, p. 1913.
Balance eheet Jan. 31, 1905. V. 80, p 1969
Financial Office, 120 R'way, N. Y. City.— (V. 80, p. 2399; V. 81, p. 31.)
,
&
Southeastern
RR.—To
extend from Cottage Grove»
Ore., to the Bohemia Mining District, 36 miles, of which Cottage
Grove toWildwood, 18 miles, completed In Oct., 1904; branches,4 miles;
total, 22 m. Stock authorized, common, $500,000; preferred 7 per oent
cum., $500,000; outstanding, $400,000 of eaoh; par of shares, $100.
Preferred is subject to call. Bonds, see table. Pres., Geo. W. Crosby,
Atlantic City, N. J.— (V. 75, p. 135.)
Oswego
6c
Syracuse
RR.— Owns from Oswego, N.Y., to Syraouse,
N. Y., 35 miles. Leased in 1869 during length of charter and renewal
thereof to the Delaware Laokawanna A Western Railroad Company foi
9 per oent per year on $1,320,400 stock and interest on bonds.
Owemboro
Ry.—
Owns from Owensboro, Ky.,to
6c Nashville
Adairville, Ky., 84 miles; Mud River Branoh, 4 miles. Operated by
Louisville A Nashville Railroad, which owns the $1,156,525 stook (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.
Ozark
4c
Cherokee Central Ry.—Owns
Fayetteville, Ark., to
T., 144 miles, including steel bridge over Arkansas River.
Stock, $9,000,000, of which $/,880,< 00 is issued and owned by the
St. Louis
San Francisco, which operates the road as part of its Central division and guarantees bonds, principal and interest, ibe $120,000 unissued bonds are reseived t > retire the $100,000 Muskogee City
Bridge bonds See V. 76, p. 865, 919; V. 78, p. 703, 2335.- (V. 76, p.
919, 140$; V. 78, p. 703, 2335; V. 79, p. 1705; V. 80, p. 1424.)
Colon to Panama and La Boca, 50 miles, 5-foot
gauge. The U. 8. Government owns the entire $7,000,000 cap. stock.
V. 78, p. 1785; V. 80, p. Ifc3, 1235. The trafflo agreement with the
Pacific Mbll Steamship Co. terminated July 12, 1905. V. 74, p. 1252;
V. 80, p. 872, 14/9, 1913.
Dividends. < '88 '89 '90 '91 '92 '93 '94-00 '01 '02 '03 1904.
1905.
Since '87 p.ct. I 23 9 5 5
2
2 None 2 4 4
Feb., 5
d^
ND8,—Tne mortgage of 1897 is for $4,000,000; sinking fund
*,,!^
$150,000 yearly; bonds may be drawn for s. f. or as a whole at 105.
V. 65, p. 516. See also description in V. 66, p. 1046; V. 79, p. 904.
The subsidy bonds are secured by an assignment and pledge
made by the U. S. of Colombia (now assumed by the Republic of
Okmulgee,
I.
A
Panama RR.—
INTEREST OK DIVIDENDS.
Rate per When Where Payable, and
Whom.
Payable
Cent.
$2,880,000
g - A. A O.
2 g. J. A J.
5
100,000
7,000,000 See text
4^ g. A. A O.
2.372,000
6g. M. A N.
589,000
J. A J.
8
630,000
J. A J.
8
298,000
F. A A.
6
541,500
302,711,950 6in 1904 M.AN^j;
See x
6
19,997,820
Q.-M.
3,498,000
g
£ g.
1,500.000
5
2,769,000
4g. M. A N.
3 lag. J. A J.
4,850,000
J. A J.
4
7,702.000
9,900,000
4^. J. A D.
3ia g.
M. A N
70.52^,000
K0.C0...000
3*a g. J. A D.
M. A N.
al.000,000
5
M. A N.
1,349,500
6
500,000
£*• J. A J.
M. A 8
75,000
4,000,000
4g. J. A D.
4i<i
M. A
212,000
6,000,000
4g- M. & N.
4 g. M. <S S.
2,728,000
3ifl g.
Q.-J.
2,700,0(
3iflg.
Q.-F.
1,500.000
3i* g.
3,500,000
CJ.-F.
uding $275, 200 bond s held a
-
Sun. & Lewis.. 1st M.. $600,000, p. A i., g.GuPo
1,000
Westchester, 1st mortgage, assumed
5
100 Ac
West. Pa., consol. mort., gold, assumed.. PIP.o"
138
1,000
River Front, 1st mortgage, assumed
462
1,000
Pitts Va &Ch 1st M., g., guar. p.
i.c*4r..GP
....
1,000
Equip. Tr. gold bonds (s. f. 5 p.o.) not drawn
o....
1,000
Penn. Roll. Stock Tr., g ,$300,000 paid ea AAO
1898-9 1,000
• •a*
Penn. Oar Trust, gold, $300,000 paid ^ early
....
1899
1,000
Penn. Car Trust, gold, $700,000 paid yearly
....
1900
1,000
x On coupon bonds J. & J.; on registered bon ds A. ao.
a Incl
Oregon
:m
RAILWAY STOCKS AND BONDS
1905.]
MAS.
N
tfonUs
— Pruioi
pal, When
Due.
stocks— Last
Dividend.
bj
N.Y..NY. Seo.ATrCo. Oot.
July
St. L. Union Tr., St. L
N. Y., 24 State
do
do
St.
do
do
Paterson, N. J.
do
do
Tre'e.off., Concord, N.H
Philadelphia, Office.
Phila. Office
A London
1, 1913
1, 1942
Feb. 1, '05,
Oct. 1, 191/
Nov. 1, 1910
5%
July, 1905, 4%
July, 1905,4%
Aug.. 1905,3%
May 31, '05, 3
July
do
do
N. Y„ Farm's L. A T. Co
Lon
N.Y.. Far.L. A T.
Phila., Pa. Co. for Ins.Ac
Phlla.,Provid'tL.AT.Co
Ex. Bk.,N.Y
Ph. A
May
1943
1945
1921
June 1, 1913
Nov. 1, 1912
Oot. 1, 1915
May 1, 1928
May 1, 1938
July 1, 1936
Sept., 1919
June 1, 1928
May 1, 1912
Nov. 1, 1943
Sept. 1, 191*
A
July
July
Am
Phila.,
Broad St. Stat'n
do
do
tf.Y.,Am.Ex.N.Bk.APh
Phila.,
Broad
St.
Stat'n
do
do
1910
1,
Sept. 1, 19 19
Sept. 1, 1919
Philadelphia, Office,
Phila., Co.'s Office.
New York and Phila.
1,
1,
1,
Girard Trust Co
do
do
Oct., 1905-08
do
Nov., 1905 09
do
Phila., Girard Trust Co Feb., 1906-10
Phila.,
live in sink. fund.
Panama) to the trustees of $225,000 amaually, of the annual subsidy
or rental to that extent payable to said government by the company,
and are drawn and paid off on November 1 yearly with any surplus of
the subsidy not needed for interest. V. 64, p. 705.
Annual Report.— Report for 1903 in V. 78, p 1387:
Net RR.
tfet of
Charges,
Surplus,
Gross RR.
Year
etc.
to Dec.31. Earnings. Earnings. Steamships.
Incl. Otner Inc.
$209,193 $895,852
1904. ...$1,577,337 $850,298
$710,895
53.310
833.637
401,068
1903
1,267.571 705,331
The charges above in 1904 include Subsidy payment $25,000; interest on bonds, $154,581; redemption of bonds. $321,780, etc.— (V.
79, p. 2148; V. 80, p. 163, 473, 872, 1235, 1479, 1913.)
Paterson 6c Hudson River.— Owns from Marion, Jersey City,
N. J. (south of Bergen Junction), to Paterson, N. J., 14 miles, double
track. Leased in perpetuity, at $48,400 per year for road, $5,000 for
land in Jersey City and taxes, to Erie RR., forming part of main line.
Owns from Paterson, N. J., to New
Paterson 6c
York State Line, 14 miles, double track, part of main line of Erie RR.,
to which leased Sept., 1852, during legal existence, at $26,500.
Northeastern Ry.— Road.—Owns from PePecos Valley
cos City, Texas, to Amarillo, Texas, 370 miles. In Dec, 1900, the
Atchison Topeka A Santa Fe acquired over 97 per cent of the $2,9 16,000 bonds (50-year gold 5s of 1948) and 97 per oent of the common
and preferred stocks ($3,162,000 eaoh), but the road will be operated
independently for the present. V. 72, p. 88, 137; V. 73, p. 736.
Report.— Year 1U03-04: gross, $803,419; net,$265 4«4: other inoome,
$116,586; total deductions, $334,687. - (V. 73, p. yOO.)
Pemigewasset Valley
Plymouth, N. H., to Linooln,N. H.,
23 m. Leased to Concord A Mont, for 6 p. con stook; op. by Bos. A Me.
(See Map).— The system, as sliown on the adPennsylvania
Joining map, extends from New York City, westerly, via Philadelphia
to Pittsburg, 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, 1905, aggregated 10,605 miles, of
which 3,748 miles represent the mileage operated directly under the
caption "the lines east of Pittsburg and Erie" and 2,861 miles the
mileage operated direotly under the oaption "the lines west of Pittsburg and Erie," the latter being more fully described under the title
Pennsylvania Company and Pittsburg Cincinnati Chicago A St. Louis.
The balance of the system is operated independently.
Milt*.
East ot Pittsburg «fc Erie.
Main Line and Branches—
Miles. Other lines (includ. D.&R. Carnal,
66 m., and ferries, 2m)
435
Philadelphia to Columbia, Pa
81
Philadelphia, Pa., to New Boston,
Total In Penn. RR. 8tati8tics..3,74S
210 Trackage
eto
d»
:
Ramapo RR.—
A
RR.—
RR.—
Harrisburg, Pa., to Pittsburg, Pa. 248
55B
Branches and spurs
Total main line and branches... 1,086
Lines operated by lease or contract—
Har. Ports. Mt. Joy & Lan. RR.T
Dillersville to Harrisb., Pa.,etc..
53
United New Jersey RR.T
14
Trenton to J ersey City, etc
26
Philadelphia & Trenton RR.T
282
Allegheny Valley Ry.T
649
West. New York & PennT
Connecting RailwayT
37
Lines operated under contract
94
Bald Eagle Valley RR.T
38/
Cambria* ClearHeld RR.T
">
Southwest Pennsylvania Ry.T.... 124
Pittsburg Va. & Charleston Ry... 103
81
Belvidere Delaware RR.T
Philadelphia & Long Branch RR.
49
Delaware Kiver R R. & Bridge! ....
10
Philadelphia dfc Brie RR.1
307
Reported Separathlt—
Phil. Baltimore & Washington!... 703
Northern Central Ry.T
418
West Jer. & Seashore RR.T (in«l.
ferries,2m.)
831
163
893
88
6.8:3
Cumberland Valley RR.T
Long IslandT
Bait. Cues.
Grand
&
Atlantic
Ry
AB
total east of P.
West
(T
ol
Pittsburg
<Se
See each Co.)
Erie.
Miltt.
Reported Directly
Chicago 4 St. LouiiT... 1,621
Pennsylvania Oompanu lineaT
1,340
Total reported directly
3,Stfl
Pitts. Cin.
Reported Separately—
Graud Rapids & Indiana
linesT....
566
Vanaalia RR
T7«7
Other lines (see Pa. Oo .statement) 608
Total system Jan. 1, 1905
10,do6
IT See each company's statement.
Organization, Leases, Ac—The charter of the Pennsylvania Railroad was dated April 13, 1846. The Pennsylvania Company controls
all the lines west of Pittsburg and Erie, the Pennsylvania RR. Co.
holding all its stock. In 1900-1 the Penn. RR. purchased a large interest in the stock of Baltimore A Ohio RR., Chesapeake A Ohio Ry.
and Norfolk A Western Ry. V. 70. p. 76, 231, 687; V. 72, p. 481,
581; V. 76, p. 484.
In 1900 acquired most of the stook and inoome
bonds of the Western N. Y. A Penn. Ry. V. 72, p. 481.
The Baltimore A Ohio, together with the Vanderbilt interests, in
1901-02 oame Into virtual control of the Reading Co. V. 76, p. 102.
The Western New York & Pennsylvania Ry. and the Allegheny Valley Ry. were taken over under lease in 1900.
In May, 1900,
purchased a majority of the Long Island RR. stock. V. 72 p. 481.
On April 1, 1902, Schuylkill A Juniata was merged. V. 6, p. 484,
The Western Pennsylvania and other roads connecting with the main
line were merged Apr. 1, 1903, and the Pittsburg Va. A Charleston in
1905.
V. 76, p. 486, 594; V. 80, p. 1112.
Securities Owned.—The total cost of these to January 1, 1905, was
$219,58 1,1 61 ,many of which are pledged to secure Pennsylvania issues.
Revenue derived from these securities in 1904, $9,864,533.
DIV8... J '84 '85 '86 '87 '88 '89 '90 '91 '92 '93-99 1900 to May, 1905
5 5>a 6 6 5 y'ly. 6 per ct. yearly.
5
5 5»« 5
P. o. ..\ 7
In 1893 paid also 2 per oent in scrip.
Bonds.— Consolidated mort. of 1873, see Sopplemeni o. October,1901.
is secured by Phila. Wilm * A Bait, stock.
Thtsiper cent loan of 1881
398
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
r
July,
RAILWAY STOCKS AND BONDS.
1905.]
RAILROADS.
Miles Date
For explanation of column headings, &o., see notes
on
J
first
of
of
Par
Road. Bonds Value.
page of tables.
Pennsylvania RR. -(Concluded) —
Penn. Equipment Trust, g., $200,000 paid yearly
do
do
Size, or
Amount
Outstanding
1900 $1,000
1901
1,000
1902
1,000
1902
1,000
1902
1,000
1902
1,000
1903
1,000
1903
1,000
1903
1,000
1889
5,000
1892
1,000
1893
1,000
1881
1,000
1897
1,000
1901
1,000
1902
1,000
1904
1,000
1901
1.000
1904 5.000&0
do
do
$400,000 paid yearly..
$400,000 paid yearly...
Penn. Steel Car Trust, g., $700,000 paid yearly..
do
do
g., $300,000 paid yearly..
Penn. St^el Equip. Trust, g., $500,000 paid y'rly
do
do
g. $500,000 paid y'rly
Do Pa.St.Roll'g Stk. Tr., g., $500,000 paid y'rly
do
do
g, $200,000 paid y'rly
..r
Del. Ave. Market 1st mortgage
Delaware Ave. Bloodgood property
r
money g. M.F.c*<ftr
Penn. RR. real estate purch.
o*<fcr
Pennsylvania Company— Bonds, gold, guar
Gu. tr. ctfs., $20,000,000, g., gu. Pa. R R., ser. A. .
ser. B.GP
o*
do
do
do
do
ser. C
c*
do
do
ser. D.,
do
do
do
Gold loan, $1,334,000 dr. y'rly, g.. gu. Pa. RR.GP
.
—
.
GP
$1,200,000
2.400,000
2,800.000
4 900,000
2.400,000
4.000.000
4,000,000
4,000,000
1.600,000
300,000
200,000
2,000,000
19,467,000
4,843,000
9,687,000
5,000,000
10,000,000
15,998,000
37 930,000
4,490,805
RR.FPo
Car trusts (June, 1905)
Pennsylvania <& North Western— See Cambria & Gt EABF1 ELD R Y.
Peoria <k Bureau Vol.— Stk., 8 p. o. rent'l C, R.I.&P
47
100
Peoria <t Eastern— Ind. Bloom. & W. 1st M.,pf.Ceo<fcr 202 1879 100 &0.
Ohio Indiana & West. 1st M., pref., g.,int. gu.Ceo* 342 1888 500 &o.
1,000
P. A E. oonsol. M., $10,000,000, int. guar.Ce.c* 342 1890
Collat. betterm't notes, gold, gu.
2d
by Pa
oonsol. ruort., income, non-oumulativeCe
o
Pekin Union—1st mortgage, gold
Ce.o
2d mortgage, gold.Ce
o
Pere STarquette— Com stk., 5% rent.,$16,000,000
Preferred, 4 per cent rental, $12,000,000
Refund. M., $60,000,000, g.,gu.,p<&i.,end.Oec*<fcr
Peoria
<&
342
20
20
1890
1881
1885
1905
1904
1,000
1,000
Pennsylvania RR. Co.— Concluded.
1904, $6,900,167. V. 77, p. 1875; V. 78, p. 103.
the authorized capital stock was increased by $100,000,000 to $251,700,000.
The stockholders voted on March 10, 1903, to authorize an Increase In the stock from $251,700,000 to $400,000,000, to be made
from time to time In the discretion of the directors. Of the stock, $20,980,350 was issued April, 1 903, in exchange for convertible debentures. (See below.) In 1903 sold $75,094,750 new stock at $60 per
$50 share. V. 76, p. 383, 488, 594, 706, 1193; V. 77, p. 37, r/70. In
1905, $1,106,650 stoofc was being Issued in exchange for the Southwest Pennsylvania Ry. mino city stook on the basis of $125 Penn.
stock for $50 8. W. Penn stook. V. 80, p. 2458.
In 1902 were issued $50,000,000 10-year 313% gold bonds, dated
Nov. 1, 1902, of which $29,302,500 were converted in April
1903, into stock at $70 per share, and balance are convertible at option of holder Into stook at $70 per share on any subsequent interest
day, on 30 days' notice; they may be called for redemption at 102 1a and
Interest on any Interest day, but if called may be converted on basis
above stated. See V. 74, p. 577.
In March, 1905, stockholders subscribed at par for part of $100,00 J,000 of 3-* p. c. gold bonds, payable 50 p. 0. between May 1 and 5, inclusive, or optionally all at one time, and 50 p. c. between Sept. 25 and
30, inclusive, the balance of the issue being taken by a syndicate.
The bond* will be convertible at option of holder ao any time after
Deo. 1, 1905, into stock at $75 per $50 share, unless previously called
for redemption on Dec. 1, 1910, or at any subsequent interest period
on 90 days' notice, at par and interest; but when so called they may
be oonverted up to 30 days prior to the date named in said notice for
redemption. A part of the proceeds was used to retire the $27,480.000 6 p. o. bonds maturing June and July, 1905; balance for improvements. See V. 80, p. 1112, 1236, 1913.
In June, 1901, obtained control of the Pennsylvania and Cambria
Steel oos. See "Industrial cos." and V. 72, p. 1280.
Di 1904 the company was actively constructing a passenger
electric tunnel railroad from Jersey City under the North River
to a central passenger station at 33d St. and 7th Ave., New York City,
and thenoe under the East River to a connection with the Long Island
RR. In Long Island City. Completion of the work, estimated to oo«t
about $40,000,000, will take several years. The tunnel will afford entrance into New York City for the Pennsylvania Railroad and
Long Island RR. and permit the sending of through trains by rail direct
from the South and West to all points In New England via the bridge
from Mott Haven to Long Island, whioh is to be built by the New
York Connecting RR.; see V. 71, p. 913; V. 72, p. 1280; V. 73, p.
1264; V. 74, p. 380, 478, 831. 884, 1308; V. 75, p. 1203, 1302, 1355.
New bond issues of subsidiary companies in 1903-5 (see V. 77, p.
1534; V. 78, p. 584, 703, 1110, 1276; V. 79, p. 2457; V. 80, p. 1111,
1176, 1236, 1364) include;
L,
General Finances.—In 1901
& Wash. 4s. .. $10,000,000 Pitts. Va. & Charl. 4s, guar. $1,000,000
Long Island RR. 4s. guar... 17.8U1.000 Pitts. Cln. Chi. & St. Louis. P.ooo.OOO
Penn. Co 4)^ p. c. gu. notes. 50,0no,0i
Vandalla RR
....
10,000,00
Penn. Co. 3J>i p. 0. gu tr.certs. 15,oO0,<JOO Washington Terminal Co... 10,000.000
In Jan 1905, President Cassatt was elected a director of the New
York New Haven & Hartford. V. 80, p. 118.
In June, 1903, allied interests purohased $6,924,200 of the $11,000,000 Hocking Valley Ry. common stock; see that Co. V. 77, p. 1225,
Latest Earnings.—Jan. 1 to May 31 (5 months), directly operated:
Gross, $50,916,917; net, $12,416,458
Lines east of Pitts- > 1905
burg&Erie.
Gross, 46,918,117; net, 11,115,858
$1904
Lines west of P. & E., inc. or dec. Gross, +2,505,700; net,
+601,200
Annual Report.— Fiscal year ends Dec. 31. Annual meeting is held
at Philadelphia on second Tuesday in March. The report for 1904 was
given at length In V. 80, p. 994, 1002 see also editorial p. 965.
EARNINGS ON ALL LINES BOTH EAST AND WEST OP PITTSBURG AND BRIE.
Tear ending Dee. 31—
1904.
1903.
1902.
Gross earnings
$238,242,402 $242,517,758 $220,079,320
Net earnings
66,784,708
67,138,320
67,539,511
Phlla. Bait.
.
;
REPORT OF PENNSYLVANIA RAILROAD COMPANY.
31—
1904.
1903.
1902.
Miles operated
3,748
3,724
3,706
Gross earnings.
$118,145,270 $122,620,419 $112,663,330
Net earnings
$36,342,282 $37,853,363 $37,612,259
on Pa. RR. investments..
Int.
9,864,534
9,462,569
8,118,861
on United N. J. securities
Int.
261,498
221,482
253,543
Int. for use of equipment
434,858
421,537
394,700
Miscellaneous
853,374
637,373
272,773
Tear ending Dee.
"
$47,756,546 $48,596,324
$46,652,136
136,400
2,091,506
74,168
136,400
1,666,974
$23,774,431
$20,802,172
Deduct— Rentals
$11,202,965 $12,097,233 $11,605,948
Interest on funded debt
5,274,448
5,670,974
5,095,883
Interest on stook allotment
114,366
100,210
Int. on morts. & gr'd rents..
214,208
197,059
172,319
Car truat payments
4,210,571
3,581,049
2,050,480
Interest, general account...
Equlp.tiuatloan sink. fund.
State taxes and mlsoellan.
Total
136,400
1,861,958
$23,014,916
8,500,000
4,000,000
1,495,000
1,499,000
16,000,000
12,000,000
6,000,000
3,500,000
1,000
1,000
1,000
For gold 3*38 of 1902 see "General Finances." Mortgages and ground
Gross Income
985,100
500,000
100
100
Joint M., g.,gu.(eeo.byC.C.<S-,L.stk.)red.txtABo*
rents payable Deo. 3
1,500,000
399
Bond,*— Prlnoi
pal, When Due.
Stocks— Last
Dividend.
INTEREST OR DIVIDENDS.
When Where Payable, and by
Payable
Cent.
Whom.
Rate per
Siflg.
3ia g.
3>fl g.
3ifl
Q—J.
do
do
do
do
do
do
Q.-J.
3ifl
3ifl g.
3>a g.
3-* g.
3^
Q.-M. Oomm'l Trust Co., Phil, Deo., 1905-10
Q.-M.
do
do
June, 1906-11
Q.-M.
do
do
Moh., 1906-12
g.
Q.-M.
Q.— M.
Q.-F.
Q.-F.
July, 1906-12
do
do
do
do
do
do
Oct.,
Mar., 1906-13
May, 1906-13
Aug., 1906-13
& S.
Philadelphia.
Moh.
Philadelphia.
& S.
Sept.
& N. N. Y., Farmers' L. & Tr. May
4 g.
4igg. J. & J. N. Y.. Nat'l City Bank. July
3i2K. M. & S. N.Y.Unlon Tr. A Phlla. Sept.
3i* g. F. & A.
do
Feb.
do
do
do
Deo.
3^ g. J. & D.
Philadelphia, Pa.
Deo.
3Hg J. & D.
N. N. Y. and Philadelphia. Nov.
M.
New York.
4
Oct.
g. A. & O.
43.0
4*10
M.
M.
M.
<ft
l
fl
Various Various Phlla., Gu. Tr. Co.,
8
& A.
& O.
Q.—J.
A. & O.
F.
1905-12
Deo., 1905 12
1,
1,
1,
1,
1.
1,
1,
1,
1,
1,
1909
1912
1923
1921
1937
1941
1942
1944
1916
1905
etc.
Various dates.
N.Y. ,Ch.R.I. & Pac. RR.
N. Y., J.P. Morgan & Co.
Aug 10/05,4%
Apr. 1, 1940
Apr, 1, 1938
Apr. 1, 1940
l
4 p.o. paid Apr. 1, 1905 Apr. 1, 1990
See text
4
Q.—F. N. Y., Central Trust Co. Feb. 1, 1921
6 g4iag. M. & N.
Feb. 1, 1921
do
do
See text. See text N. Y.R.Winthrop & Bos. July3,»05.2is
do
July 1, '05, 2%
See text. J. & J
do
New York.
Jan. 1, 1955
4g. J. & J.
4 g. J. & 3. Am. Lo. & Tr. Co. .Boston July 1. 1914
4
A.
g
-
do
do
do
do
1904.
1903.
1902.
$24,741,630 $24,821,893 $25,849,964
Payments—To trust fund....
$181,142
$149,424
$129,429
Oonsol. mortgage redeemed...
401,530
401,810
402,100
6,225,923
9,477.728
Extraordinary expenses
12,505.000
$6,808,595 $10,028,962 $13,036,529
Balance to credit of income.. $17,933,035 $14,792,931 $12,813,485
Dlvldend8(6%)
17,933,035
14.79 2,931 12,262,491
~
To credit of profit and loss
$550,944
BaLpront and loss Deo. 31
$24,742,225 $24,742,225 $24,861,421
Officers—President, A. J. Cassatt; 1st V. P., John P. Green, 2d
V. P., Charles E. Pugh; 3d V. P., S. M. Prevost; 4th V. P., Samuel
Rea; 5th V. P., J. B. Thayer Jr.; 6th V. P. and Treas., Henry Tatnall;
Secretary,Lewis Neilson. N. Y. office, 85 Cedar Street.
Directors—Alexander M. Fox, N. Parker Shortridge, Radulph BUis, Alex
ander J. Cassatt, Clement A. Griscom, Amos R. Little, William H. Barnes, Geo.
Wood, C. Stuart Patterson. Effingham B. Morris, Thomas DeWltt Cuyler, Jas
McCrea, Lincoln Godfrey, John P. Green, Charles H. Pugh. Sutherland M. Prevost, Samuel Rea.-(V. 80, p. 9»4, 1004, 1112, 1235. 2399, 2458; V.81, p. 81.)
Pennsylvania Compauy.-fte Map Pennsylvania RR.)—Owns
no road In fee but has charge of all the system of the Pennsylvania
Railroad Co. west of Pittsburg, viz.: (IF See this company).
Controlled by stock, etc.: Miles
Leased by transfer from Pa. RR.:
Balance
Pittsb. Ft.
W.
& Chicago.. 17469*89
New Castle & Beaver Val.
Massillon & Cleveland
.
1714*98
12*23
1784*47
Erie & Pittsburg
Cleveland & Pittsburg.... 17201*74
Leased directly by Pa. Co.:
Pitts. Youngs. & Ashta.. .. 17125*09
Toledo Wal. Val. & Ohio. . . 1) 236-04
Indianap. & Vincen. RR.*17137*44
Controlled by stock or otherwise:
17103*13
Cleveland & Marietta
15 27
Pitts. Ohio Val. & Cln.
3-51
Marginal RR.,Beav.F.,Pa.
South Chio. & Southern...
21 98
Branohes W.N.Y.&Pa.Ry.
5176
Pitts. Cin. Chio.
&
&
St. L.TT1,366*48
1]148*<*5
Muskingum Val...
Waynesburg & Washing..
Cin.
Cin. Leb.
& Nor
28*15
45*71
& Indiana.. 413*69
Gr. Rap. &. Ind..
4068
Traverse City
26*00
Cin. Rich.
Fort Wayne 1185*83
St. L. Vand. & Terre a.... 17158-3U
Logansport & Toledo Ry..
9303
Grand Rapids
Musk
,
&
RR
Terre Haute*; Logansport 159*36
Terre Haute & Ind'lis RR. 123*22
Terre Haute <fc Peoria RR. 145*12
Cleve. Akron & Columbus. 189*66
Wheeling Terminal Ry....
9*65
Louisville Bridge
2*45
Controlled jointly:
Central Indiana
11117*58
Pitts. Chartiers & Yougb... If 19*77
17230*70
Total Penn. Co. lines... 1,47753 Tol. Peoria & Western
Trackage
161*97
Operated by P. O. C. & St. L. Ry.
Total of all lines
5,043*33
Organization— Chartered in Penn. April 7, 1870. Its $40,000,000
stock is ownedby Pennsylvania Railroad. On Deo. 31, 1904, the Penn
sylvania Co. owned sundry stocks and bonds having a value as per
balance sheet of $123,535,472, and vielding from Jan. 1 to Dec. 31,
1904, an income of $V,12(j,349.
'93
'94
'95 to 1900 '01 '02 '03 '04
Drvs. J*83 '84 to '91 '92
4
4
4
none
3
3
p. 0. i 4
4 5
Bonds.—The gold bonds of 1921 are secured by leases of P. Fort W.
6 C, the Cleve. & Pittsb. and Erie & Pittsb. railroads, and of bonds and
stooks having a par value in 1881 of $24,171,630, as well as real estate.
The guaranteed trust certificates, "A," "B" and "C" were Issued by
Girard Trust Co., Philadelphia, as trustee, under a deed of trust made
by the Pennsylvania Company and the Pennsylvania RR. Co., whereby
the Pennsylvania Company has pledged an equal amount at par of the
7 p. c. guaranteed special stook of the Pittsburg Ft. Wayne & Chicago
Railway Co. The total authorized Issue of the trust certificates is
$20,000,000, each series to be secured by deposit of shares of the
special guaranteed stook to an amount equal to the par value of the
series, the sinking fund having retired $470,000 to Oct., 1904. See
V. 65, p. 368, 572, 1116; V. 67, p. 122; V. 72, p. 339. 490.
The $9,800,000 guaranteed 3^ p. o. trust certificates, Series " D,"
sold late in 1904, are part of a $20,000,000 issue to be issued In series
and secured by au equal amount of Pittsburgh Ft. Wayne <fe Chicago
guaranteed stook. The sinking fund of the new issue, it was stated,
will not begin for 5 years. V. 79, p. 2457.
The $20,000,000 gold 3>» p. 0. trust certs, of 1901 were Issued to
pay for acquisition of stooks of the Pennsylvania & Cambria Steel companies. They are guaranteed, prlnoipal and interest, by Penna. RR.,
and secured by deposit of $15,000,000 Pitts. Clnoin. Chicago & St.
Louis preferred, $5,000,000 Norfolk & Western preferred and $5,000,000 Bait. & Ohio preferred stooks, and are subject to call for redemption Nov. 1 annually by lot at par in 15 equal drawings. V.73,p.843,957.
In 1904 $50,000,000 of 4-^ p. 0. collateral betterment notes, due Oct.
1, 1905, guaranteed by Pennsylvania RR. and secured by deposit of
stocks owned having a par value of $83,900,000, were sold to provide
funds for improvements and to re-pay advanoes by the Pennsylvania
Railroad Company. V. 78, p. 584, 703, 1276
Report.—Report for year 1904 was in V. 80, p. 2618, showing
on 1,526 miles, $36,390,582; net, $10,347,220; other inoome, $7,120,349; interest, rentals, etc., $12,279,639; sink, fund, $1,627,910; dividend (5 p. c), $2,000,000; bal., sur.. $1,560,020. In 1903, gross, $36,602,934; net, $9,486,251; other income, $5,960,576. In year 1904,
net income, $5,187,930; in 1903. net income, $5,119,641.— (V. 79, p.
2457, 2797; V. 80, p. 223, 1112, 1175, 1424; V. 80, p. 2«18.)
Pennsylvania Nonttr- WertR.-Se© C»m.>ri» * Olewflela Hv
'
A
.
:
RAILWAY STOCKS AND BONDS.
400
RAILROADS.
Miles Date Size, or
For explanation of column headings, &c, see notes
on
first
page of tables.
Pere Marquette— (Con. (—Underlying Bonds.
Chic. &West Mich. gen. M. ($12,000 p. m.).NB.o*
D.Gr.R. <fe W.. 1st con.(now 1st) M.,law.m.OB.o*
Flint & Pere Marq. M. ($1,000,000 are 4s) gold..c
Consol. mortgage, g.Ce
c*
Pt. H. Div. 1st M. ($3,500,000), g., Ce
c*
Toledo Division, 1st mort., gold, IB
o*
Ch.<feN.Ml.lstM.,gn.p.&l.endbyOh.&'W.M.OBo*
Gr. Rap. Kal. «fe 8. E., 1st mort., sinking fund.IB
Western Equipment Co., call at par
Equipment bonds, gold, $76,000, due semi an..
Marquette equlp't 1st M., guar.,
Par
of
of
Outstanding
Road. Bonds Value.
480
380
280
400
235
1881
1897
1880
1889
1889
1897
1891
1897
19
89
33
s. f.,
Pere Marquette consol. M., $50,000,000. ..F.c&r
Lake Erie <fe Detroit River Div., 1st M., g Bio .. 202
Pere Marquette coll. tr. M., g., call par
"66
Saginaw Tus. & Huron, 1st M., p. & i. guar.N...
28
Gr. Rap. Beld. & Sag., 1st M., gold, int'st rental.
c* Text.
Pere Marq. of Ind., guar. p. i call at 105
c*
Marq. & B. D. & N., gu.p.&l., call 105, s. f
Per kiomen— 1st M.,ser.I(l8tl'n)g.,gu.p.&i.PeP.e* 38 :3
—
,
1st M., ser. 2 (2d l'n) g., gu. p. <fe 1. (end.) PeP.o*
Peterborough RR.— Stock (rental 4 per cent)
Petersburg RR.— See Atlantic Coast Line RR.
PhU.aBalt.Cent— lstM.$2,500,000,$l,200,0004i<33
Phila. Baltimore a Wash.— Stock auth. $25,350,450
W.&B. (old Co.), plain bds.
f..r
All secured
..r
Plain bonds
by 1903 { r
Plain bonds
V
,
mortgage.
..r
Plain bonds, gold
(...r
Plain bonds, gold
Potomac, 1st M.(tun.) g., s.t., not dr'n x.o*
Bait.
1st M., road, guar., gold, s. fd., not drawn... xo*
P.
38-3
73
1881
|
I
&
1,000
1,000
1,000
1,000
1,000
1,000
1,000
50
I
]
1,000
1880
1887
1887
1891
1892
1871
1871
"I
I
$1,000
500&C.
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
lOOO&o.
1,000
1904
1900
1903
1901
1902
1903
1900
1,000
1899
1,000
1903
1,000
1903
1,000
1888 100 <fec.
1888
1,000
100
call at par.
East.equlp.lstM.,g,gu.p «&l.,callpar.text..xNt.c*
<fc
1*3
92
Peoria Sc Bureau X alley RR.—Peoria to Bureau Juno., 111.,
47 miles. Leased In 1854 to Chicago Rook Island & Paoiflo RR. for
$125,000 yearly; dividends, usually 8 p 0. yearly, occasionally more.
Peoria 6c Eastern Ry.— <8ee Map
Owns from Pekln, Dl., to Indianapolis,
Olev. Oin. Chic,
Ind., 202 miles,
a
St.
Louis.)—
and has a
lien
of $5,000,000 on Springfield Division, Indianapolis to Springfield,
Ohio, 141 miles; trackage, Pekin to Peoria, 9; total operated. 352 miles.
Lease, Etc.—Formerly Ohio Indiana & Western, sold in foreclosure
Leased till Apr. 1, 1940, to
In 1890, reorganized per V. 49, p. 616.
Cleveland Cincinnati Ch. & St. L., which guarantees Interest, but
not principal, of the first oonsols and the underlying bonds, and owns
one-half the $10,000,000 stock, par $100. See Supplement of Jan.,
1894. as to provisions respecting any surplus over ohargos. Company
owns $125,000 stock of the Peo. <fe Pekin Union Ry., on which 6 p. 0.
yearly was paid 1895-1904. V. 74, p. 152.
Bonds.—See abstracts of mortgages of 1890 Id V. 51, p. 246 and
of O. Ind. <fe Western mortgage, V. 47, p. 201.
Incomes.—Dividend on incomes 4 p. o. yearly, paid April 1, 1902, to
1905, both inclusive, from earnings of preceding oalendar year.
Earnings.— 5 months, ) 1905
Gross, $1,090,106; net, $221,669
Gross, 1,239,103; net, 284,826
51904
Jan. 1 to May 31.
Def under 5 mos. oharges, $703 In 1905, agar. snr. $63,285 In 1904.
For 6 mos. ending Dec. 31, 1904, gross, $1,527,522, against $1,546,016 in 1903 ; net, $426,8y9, against $366,239 ; charges (not including
.
incomes), $267,481; bal., sur., $159,418.
Annual Report.— For 1903-04 see lessee's report In V. 79, p. 899.
'Interest.
Net.
Tear end. June 30. Gross.
Balance.
1903-4
$3,069,693
$590,908
$564,260
$26,648
1902-3
641,367
564,260
2,947,237
77,107
incomes.
'Includes *1 60,000 (4 p. 0.) int. on
-(V. 77, p. 296, 824; V. 79, p. 899; V. 80, p. 1363.)
Peoria
Peoria
6c
Pekln Terminal Ry.—See Street Railway
Pekln Union Ry.—Owns Pekln to Peoria,
Supp't.
on both
sides of Illinois River, and yards at and opposite Peoria. Mileage main
track, 18*14; second main track, 880; total main track, 26*94 miles
Mileage of side and yard traoks, 53*71. Capital stock, $1,000,000.
Owned by Peoria & Eastern (Cleveland Cin. Chic & St. Louis system)
Chicago A Northwestern, Chlo. Peoria & St. Louis, Illinois Central
system, Lake Erie <fe Western and Toledo Peoria <Ss Western oompanies.
Dividends 1895-1902, 6 p. 0. per annum; 1903, 4 p. o. Earnings for
oal. year 1904, gross, $922,550; net, $216,642; charges, $181,017;
balanoe, def., $65,625.— (V. 74, p. 152.)
Pere Marquette RR.— (See Maps, pages 326, .327.)— Inoludes
Miles.
lAnes ownecTin fee.
Miles.
Other lines, branches, etc
Alexis (near Toledo) to Lud297
lngton on Lake Michigan.. 365 Porter to Clark Jet., Ind
21
Trackage
La Crosse, Ind. to Bay View,
71
Mich
466 Trackage Courtright Jet. to
Detroit to G'nd Rapids, Mich. 167
International Bridge and
Saginaw <fe Port Huron
121
Niagara, N. Y
200
Pt. Huron to Grindstone City. 125
Leased <G. R. Kal. &8.E.)Grand Ledge to Big Rapids. 167
RapldCityto Stratford....
40
Allegan to Pentwater
133 London & Port Stanley
24
Walkerville to St. Thomas
125
8arnia, opposite Port Huron,
Total
...2,396
Rondeau
to
74
The Pere Marquette Steamship Co. operates oar ferries Milwaukee
to Muskegon, and Ludington and Manistee to Milwaukee, etc.; Marqu.
also on Lake Erie, between Rondeau and Con<fe Bes. Dock <fe Nav.;
6c
:
V. 76, p. 383; V. 78, p. 103.
Lease, Etc. -In 1904 the Cincinnati Hamilton & Dayton acquired
$12,854,500 of the $16,000,000 common stock, and lPter leased the
property for 999 years from Mar. 1, 1905, the common stock being
guaranteed 5 p. c. and the preferred stock 4 p. c. dividends. V. 80, p.
163,998, 1729.
The Pore Marquette and Cin. Ham. <fe Dayton acquired the entire
etook of the Chicago Cincinnati
Louisville by the issue of $3,500,000
joint collateral trust bonds.
Perpetual traffic rights and use of terminal facilities over the
Terminal Co. have also been setracks of the Toledo Railway
cured, providing a physical connection between the Cin. Ham. <£, Dayton and the Pere Marquette, the two latter guaranteeing the $3,500,000 Tol. Ry. <fe Term. 4*2 per cent bonds, jointly and severally, principal and Interest. V. 1 8, p. 2443, 2600; V. 79, p 213, 968.
Organization.—A consolidation In 1899 of Chicago <fe West Michigan Ry., Detroit Grand Rapids <fe Western RR. and Flint <fe Pere Marquette RR., per plan in V. 68, p. 1024, 1181. A 99-year agreement for
trackage with the Mich. Cent and Canada South, from Courtright Jno.
to International Bridge and Niagara, 200 miles, extends the line
easterly to Buffalo, from July 18, 1904. V. 77, p. 2097; V. 78, p 2S00.
In May, 1904, began to operate under an agreement, with right to
North., Manistique to Shinglepurchase, the Marilstlque Marquette
ton, 40 miles, with branoh to McNeil's, 13 miles. V. 78, p. 2012. The
Chlo. Terminal Transfer facilities are used. V. 77, p. 948, 1534, 2098.
neaut.
&
&
&
Stock.— Authorized $16,000,000 common and $12,000,000 4
non-oum.
pref.;
Amount
p. 0.
outstanding common $14,145,500, preferred as in table.
|
Vol. lxxxi.
Bonas— PrinoiINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Stocks— Last
Cent.
Payable
Whom.
Dividend.
$5,758,000
5
5,379,000
4
5,000,000 4 g.&6 g.
2,850,000
5 g.
3,325,000
5 g.
400,000
5g.
1,667,000
5
200,000
5g.
53,000
6
4isg.
1,444,000
590,000
5
2,940,000
5g8,382,000
4g.
3,000,000
4la g.
2,870,000 3to4g
1,000,000
4g,
260,000
5 g.
675,000
4 g.
396,000
4 hi g.
799,600
5 g.
1,125,000
5 g.
385,000
4
2.200,000 4ia & 5
23,493,550 4 in 1904
1,000,000
5
1,000,000
4
1,000,000
4
930,000
4g.
1,000,000
4g.
1,500,000
3,000,000
6g.
J.
&
&
&
&
&
M.
<fe
A.
<te
J.
D. N.Y.,Un.Tr.,<& Boston.
& O
A.
A.
M.
A.
A.
A.
<fe
<&
A.
M.
J
&
&
&
2d Nat. Bank, Boston.
R.Wlnthrop & Co.
N.
do
do
do
O,
do
O. N.Y.,
Deo.
Apr.
Oot.
May
Apr.
1,
1,
1,
1,
1,
1921
1946
1920
1939
1939
1937
1931
1907
1909
J. Intern'l Tr.Co., Boston. July 1,
N. Bos., Nat. Webster Bk. May 1,
O. Int'l Trust Co., Boston. Oot. 1,
O.
50 State St., Boston.
Apr. 1.
O. N.Y., R.Winthrop&Co. Oo. '05-Oct'14
O, 50 State St., Boston.
Oot. 1, 1910
Mar. 2, 1908
S. N. Y., R. Winthrop&Co.
do
do
Morion TrustCo
J.
Jan.
1,
1,
1951
1932
&
&
A. N. Y.,
J.
M.
<&
N. Phila.. Penn. RR. Co.
Nov. 1, 1911
D. Phila., Broad St. Stat'n. J'ne 30,'05,2%
D. Phil.Of.;Bost.,Kid.Peab June 1, 1910
F.
Aug.
L.-Union Trust Co. Jan. 1, 1923
F. <& A. N. Y., Sec. & Tr. Co
Aug. 1, 1931
M. & 8. Int'l Trust Co.. Boston. Mch. 1, 1924
M. & N. N. Y., East'n Trust Co. May 1, 1943
A. & O N. Y., East'n Trust Co. Apr. 1, 1933
Q.-J. Phila. Reading Ter.Bld. Jan. 1, 1918
do
do
Jan. 1, 1918
Q.-J.
A. & O.
Nashua, N. H.
Apr., 1905, 2%
J.
J.
A.
M.
J.
&
&
&
&
&
&
<fe
A.
J.
<fe
A.
J
St.
do
O.
N. Phila.,
do
Broad
St. Stat'n
do
do
Apr.
Nov.
Jan.
do
do
Oct.
J, Bait. Office and London. July
do
do
Apr.
O.
J.
O.
1,
1,
1,
1,
1,
1,
1917
1922
1926
1932
1911
1911
Dividend.— On pref., 1901 to Feb., 1905, both lnol., 4 p. 0. yearly
On common, 1903, 2 p. o.; 1904, Mar., 1 p. c; 1905, Apr,,
1 p. o. Dividends payable under lease, J. & J.
Bonds— The refunding 4s of 1905 ($60,000,000 authorized issue) are
issued and reserved as follows (V. 80, p. 163):
Sold, being guaranteed, p. &i., by Cin. Ham. & Dayton
$6,000,000
(F.&A.)
Reserved to retire ($ for $) prior liens at maturity (no further bonds to be issued under the prior mortgages and
none of the prior Hen bonds to extended at maturity)
46,394,000
Remainder to be issued for certain terminals, extensions;
docks, equipment, etc., specified in the mortgage, but
for other improvements only at a rate not exceeding
$500,000 per annum
7,606,000
The collateral trust gold bonds of 1902 (limited to $2,870,000) are
seonred by the entire capital stock ($1,400,000) of the Lake Erie &
Detroit River Ry., the National Trust Co.. Limited, of Toronto, being
trustee, and are subject to call on any interest day on 60 days' notice.
They bear Interest at 3 per cent to Dec. 1, 1905, and thereafter 4 per
•
oent to maturity. V. 75, p. 1302; V. 76, p. 213.
Lake Erie & Detroit River Division mort., V. 76, p. 1356; V. 77, p. 89.
The Pere Marquette RR, of Indiana 1st 4s of 1903 ( authorized issue,
$3,000,000, Eastern Trust Co. of N. Y., trustee,) will cover the road to
be built from New Buffalo, Mich., to Hammond, near Chicago, 46
miles, and be issuable at $25,000 per mile for single and $10,000 additional for double track, $500,000 Iteing reserved for Chicago terminals. The first issue ($575,000) will be for 23 miles from New Buffalo
to Porter, Ind. V. 76, p. 919, 1193. 8ee form of guaranty, p. 1356.
The Marquette & Bessemer Dock <fe Navigation bonds (Eastern Trust
Co. of N. Y., trustee,) are guaranteed jointly, principal and Interest,
by the Pere Marquette and Bessemer & Lake Erie. They are subject
to call In whole or part at 105, and 1 p. o. must be called yearly for
the sinking lund at the same price, if not purchasable at a lower
ncure. V 76, p. 480, 594, 706, 922, 1034. Form of guaranty, p. 1358.
The Bnffalo & Niagara RR.
Term. Co. mortgage. V. 76, p. 1031.
The Eastern Equipment 5s of 1903 are in two series— A for $1,500,000 and B for $2,000,000 the entire issue may be called on 6 months'
notice and $75,000 of the As and $100,000 of the Bs are redeemable
Mar. I yearly. V. 76, p. 866. Form of guaranty V. 77, p. 90. In Oot.,
19o4, $1,520,000 equipment 4^8 were sold. V. 79, p. 1642.
As to joint Pere Marquette and Cin. Ham. & Dayton boDds issued
for Chic. (In. A Louisville, see that company.
There are also $54,000 series B equipment bonds maturing Oct. 1,
1908, and $112,000 Lake Erie <fe Detroit River Equipment 5s of 1904.
Earnings.— For 8*2 mos. ending Mar. 14, 1905, gross, $8,959,681 1
aga nst $7,820,042 in 1903-4.
Rei-ort.— Report for 1903 at length was In V. 78, p. 1904, 1911.
Flsoal year now ends June 30.
Tear ending Dee. 31—
1903.
1902.
1901.
Gross earnings
$10,387,560 $9,955,375 $9,201,175
Operating expenses and taxes
7,168,501
7,510,534
7,110,212
&
;
Netearnlngs
net land receipts
$3,219,059 $2,444,841
86,100
Total net lnoome
$3,305,159
1,700,484
(4)420,238
(2)283,304
515,533
Add
Deduot— Interest
Dividend on pref. stook
Dlv.on com. stock
Equip, bonds paid, diso't, eto
$385,600
Balanoe, surplus
For systom, the earnings, inolud'g
Tear
Gross.
Net
lines In
Taxes.
$2,090,963
50,519
$2,444,841 $2,141,482
1,451,705
1,356,389
(4)420,416 (4)420,446
359.244
152,500
$213,476
$212,147
Canada (223
miles), were:
Int. charges.
Bat., sur.
$3,871,092 $403,930 $1,850,4S4 $1,016,678
2,979,021
397,070
1,596,038
985,913
Officers.— Chairman, George H. Norman; Prest., Russell Harding,
Cincinnati; Vioe-Prest., Mark T Cox, N.Y.; Gen. Mgr., William Cotter;
Treas J. E. Howard; Sec'y, Thoe. J. Walsh; Asst. Sec'y and Asst.
Treas., I. L. Carroll, 15 Wall St., N. Y. Direotore, Mar., 1905, V. 80,
p. 1059.— (V. 80, p. 601, 998, 1059, 1729, 2458.)
Perttlomen RR,— Owns from Perklomen Junotion, Pa., to Emaus
Stock, $1,500,000 (par value of shares,
Jnnotion, Pa., 38*3 miles.
$50); owned by the Reading Co. and mostly deposited under its Jersey Central collateral 4 per oent mortgage of 1901. V. 72, p. 283. Reorganized In 1887. In year 1903-04. gross, $492,832; net, $260,114;
interest and taxes, $110,730; bal., sur., $149,384.— (V. 72, p. 283.)
Peterborough RR.— Wilton to Greenfield, N. H., 10*3 miles.
Leased April 1, 1893, to Boston & Lowell for 93 years at 4 p. 0. on
stook and expenses. Capital stook $385,000; par, $100; div., A. O.
Philadelphia 6c Baltimore Central
West rnua. to
Octoraro Jo.,Md., 63 miles; Wawato West Chester, Pa., 9 m. (double
track, 11 m.); branoh, 2 m.; leased, Chester Creek RR., 7 m.; Phila.
Baltimore & Washington holds $2,497,150 of the $2,499,147 stook;
For 1904 gross earnings, $1,073,035; net, lnol. other lnoome, $167,084;
oharges, $173,384; bal., def., $6,320
1903.... $11,356,435
1902.... 10,590,415
,
RR.—
Philadelphia Baltimore
6c
Wa»liln<jton Bit.— (See Map
Penn. RR.j— Operates from Philadelphia to Washington, D. O., and from
Wilmington, Del., to Delmar, Del., with branches as follows
—
.
July,
401
RAILWAY STOCKS AND BONDS.
1905.]
RAILROADS.
Miles
Date
Size, or
Amount
Par
ef
of
For explanation of column headings, &c, see notes Road. Bonds Value. Outstanding
on first page of tables.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Dividend.
Whom.
Payable
Cent.
4g. M. & N N.Y.Am.Ex.N.Bk.&Ph. Nov. 1, 1943
1901 lOOO&c, $10,570,000
Apr. 1, 1938
Philadelphia.
A. & O
280,510
$500
1888
Apr. 1, 1938
do
do
3 g. A. & O,
100,000
500
1888
J'ne30,'05,3%
7,985,000 See text. Semi- an Phila., Broad St. Stat'n. Deo.31,'04,7%
50
307
2,400,000 7 in 1904 Yearly. Phila., Broad St. Stat'n. July 1, 1920
50
307
and London.
Special stock, 7 per cent
do
„-\-v--v;--\vv;-"
J. <fe J.
8,680,000
1,000
307 1869
1. by Pa. RR.-C
Broad St. Stat'n. July 1, 1920
Gen. M. (now 1st) gold, guar. p. &
1,000 11,143,000 4g..&5g. A. & O. Phila..
307 1869
.....r
Aug. 1, 1922
are 5s)
($5,263,000
do
do
4g. F. & A. Phila. Oomp'y's office. June 5. "05, 3%
500,000
1,000
1892
PKxla. <t Frankford—lBt M., $500,000, gu.GuP c*
Q.-M. Phila. „Mar.<taMer. Bldg
*30
12
2,246,900
50
Oot. 15, 1925
Phila. Germ. <£ jvorris<'n--Stook rental., P. & R. Ry5 g. A&015 Phila., Comp'y's oflioe.
2,000,000
1,000
47 1890
Oct. 1. 1943
do
Phila. Harrisburgd Pittsburg— 1st mort., gold.o*<fcr
do
1,417,000 See text. A. & O.
1,000
22 1892
Phil. Newt'n <& N. Y — 1st M. gold (see text) . . . . . o
Q.—J. Phila., Company's Office July, '05, 2Jfl%
10
See text.
100
27
Phila. <6 Trenton— Stock 10 p. o. rental, Penn RR.
P. & A. Check from Co.'s office. Aug.1,'05,2**
5
650,000
50
1, 1911
Piedmont <& Cumberland— Shook, 5 per cent rental. "29 1886
5g. P. & A. Balttm..Hambleton&Co Aug. 1, 1932
650,000
1,000
.o
Deo.
1st mortgage, gold, Interest rental.Me
J. & D. N. Y. Gd. Cent. Station.
6
3,500,000
1,000
75 1885
1939
Nov.
Pine Creefc— 1st M., guar. prin. and interest (end.)r
4g. M. & N. Un. Sav.Bk. &Tr.,Cin. Apr. 1,1,
225,000
1,000
8 1900
'05, Ha
Piqua dt Troy-Ut M., $250,000, g., gu. p. & 1.....0
A. & O. Check from Co.'s offloe.
3
50 10,000,000
rental
J'nel/05, 3%
do
Pittsburg Bessemer <£ L. .E.— Com., 3 p. c.
do
J. & D.
6
2,000,000
50
Oct. 1, 1940
Pref. stock, 6 per cent cum., guar, by rental
5 g- A. & O. N. Y. Central Trust Co.
3,000,000
1,000
134 1890
mort., gold.Ce..c*
July 1, 1943
do
Pittsb. Shen. & Lake Erie, 1st
do
J. & J.
5 g657,000
1,000
151 1893
Jan. 1, 1947
Consol. 1st mort., for $4,800,000, gold.Ce^..O*
5 g. J. & J. N. Y..U.S. Trust Co.
6,343,000
1,000
193 1897
1919
Pitts. B. & L.E., consol. M., $10,000,000, g.Us.o*
5 g- J. & D. Un. Trust Co., Pittsb'g. June 1, 1906
2,000,000
1,000
193 1899
July 1,
do
Debentures, gold, $2,000,000. See text.tJPl...
do
J. & J.
6
75.000
1,000
1897
---•
1906-8
Bessemer equipment trust .IIP!
M. & S. Fid. Tit. & Tr., Pittsb'g. Mch. 1, '06'13
6
180,000
1,000
1898
Conneaut equip, trust, part due yearly. g.FPI-.
A. & O. Union Tr. Co., Pittsb'g. Apr. 1, *11'20
5
581,000
1,000
1899
May 1,
do
Shenango equip, trust, part due yearly, g.UPl..
do
M. & N.
5
1,000,000
1,000
1900
Apr. 1, 1921
Greenville equip, trust, $100,000 due y'ly, g.UPl
do
do
A. & O.
5
2,050,000
1901
1,000
July 1, 1955
Butler equipment trust, $2,050,000 UPi.. ......
J. & J.
5
See text.
1905
Apr. 1. 1932
Pittsb. Bingh. <£ least.— 1st M., $10,000,000, gold K.
Pittsburg, Office.
A. & O.
4
316,000
1,000
1892
19
PMsb. Ohart.dk You.— Gen.M.$l,000,000,g.,gu.FPi
& T. Co Aug.l5,'05,l»*
100 24,780,350 3 in 1905 P. & A. N. Y., Farm. L.L'n&Tr Julyl5,'05,2%
1,095
Pittsb'g Cincinnati Chic. <& St. Louis—Com. Btoofc
100 27,454,600 4 in 1905 J. & J. N.Y.,Farmers'Trust Co. Dec, 1905
-;•: 1.095
Preferred stock
A. & O. N. Y., Union
7
623,000
1,000
.0*
93 1865
Oot. 1, 1932
Union & Logansp't 1st M. (U'n City to Logans.) .
do
do
5 g. A. & O.
1,506,000
1,000
Un.o&r 580 1883
Chic St. L. <fc Pitts oon.M. ($22,000,000)g.
.bonds
common, $1,225,000; Preferred $400,000; par $50 Of the °wnea
Lines controlled, leased, etc.—
Miles.
Lines owned—
coupons only partly paid-see V. 64, p. 331) are 1897.
Philadelphia & Bait. Central^. 80 $849,100 (with
mortgage of
Philadelphia to Wash ,D.O.,via
249 bv the Reading Co. and deposited under its general reduced to 3 per
Baltimore (all double traokKl36 Delaware RR.1T
98 In October, 1898, interest on $507,000 bonds was that on remainder
49 Delaware Md. & Va. IT
Md
Bowie to Pope's Creek,
cent, from April 1, 1897, and made a first charge,
*>5
Branches to Delaware City, etc. 27 Other lines (5)
said agreement. V. 68, p.
of issue being left at 5 per cent subject to
ending June
773 Current liabilities June 30, 1904, $295,373. Year
704
Total (ff see this company)
30, 1904, gross, $137,713; net, $5,198; charges, $17,791.
Organization.-A consolidation Nov. 1, 1902, of the Philadelphia
Philadelphia & Reading RR.-See Reading Company.
Wilmington & Baltimore RR. and Baltimore & Potomac RR. V. 75,
to
Philadelphia & Trenton RR.-Phila. (Kensington), Pa., On
Co. on another page.
p. 395, 1032. See Washington Terminal
3 miles.
MorrisvUle, P £, 24 miles, mostly four-tracked, and branch years to the
1905,
8TOCK.-Stock authorized, $25,350,450; outstanding Jan. 1, stooK, JunI 30Tl871?lea8ed, with the United Cos of N J for 999
$1,259,$23,489,150, of which $23,486,350 owned by Penn. RR.; of the
Penn. RR. at 10 p. c. on $494,100 stock, the total issue being
$5,$3,000,000 was exchanged in 1903 for Bait. & Pot. consols, and
100, the balance being owned by the United RR. of N. J.
425 is reserved for the stocks of the old companies not yet exchanged.
Piedmont & Cumberland Ry.-Road &om W.V.C. Junction,Va.
Since,
lease of '99 the W.
Dividends. 5 '88 '89 '90 '91 '92 '93 '94 '95 '96 to '02.
Va., to Cumberland, Md., 29 m. Under the new
see below.
7
7 6Hs
7 71s
6
o. int. on
6
(P.W.&B.)* 7% 7
Pitts. Ry. receives all revenues and pays all expenses, 5 p.
1902; since, 4 p. c yearly (J&D). Co &
Since consolidation, 2 p. c Deo. 31,
and 5 p. c, F.&A. on stock, of which it owns 92 per cent. V.
bonds
BONDS.-The first mortgage of 1903 ($20,000,000 authorized) is a 69, p. 590, 592; V. 73, p. 785.
« „ - „
miles, all doublefirst lien on the Philadelphia Baltimore division, 117
Pine Creek Ry.— Owns Stokesdale Junction, on the Fall Brook
of the
tracked, and also secures pan passu the $4,930,000 debentures
Pa., 75 miles. ORGAmzATiON.-N. Y.
Road, to Newberry* Junction,
former P. W. & B. (see p. 4 of Supp. of April, 1895). and is a second
leases the road for 999 years,
bonds $ip,- t'entral controls the capital stock and payable quarterly, Q.-F., bond
lien on the line from Baltimore to Washington. Of the
from May 1, 1899, for $35,000 yearly,
in connection witn
is
570,000 were sold, the proceeds to be used chiefly
nterestaWtaxes.-V. 68, p. 379,573,773, 872 The 1st mortgage
being
the new terminals and approaches in Washington, the balance
Reading and the New York Central, jointly and
Baltimore & Potomac bonds. guaranteed by the
reserved to retire the aebentures and
Severally. See form of guaranty, V. 56, p. 650 Stock, |1.<>00,000
(V. 68, p. 57d.)
V. 78, p. 49. Mortgagee, etc, 1904, $200,973.
(par, $50); July 1, 1904, N. Y. Central owned $999,000—
Bessemer, Pa., to
£arnings-5 months, > 1905.... Gross, $5,803,994; net, $1,211,725
Pittsburg Bessemer & Lake Erie RR.-miles;'terminalAn
5.366,294; net, 1,095,525
< 1904.... Gross,
Jan. 1 to May 31.
Conneaut Harbor and Wallace Junction, Pa., 153
Meadville Conneaut
in V.
Report.— Statement for 14 mos. ending Deo. 31, 1904, was other 80, Erie, etc., Pa., 2 miles; branches, 21 miles; leases m.; trackage to Casingross, $13,603,863; net, $3,613,892;
Lake & LinesvilleRR., Linesville to Meadville, 21 double-traoked.
p. 1475. showing,
come, $605,826; Int., taxes, rentals, etc., $2,099,639; divs. (4 p. c.) oade, near Erie, etc., 12m.; total, 209 m. (32 miles
$939,566; bal., sur., $1,180,513. all applied to extraordinary expendOrganization. Etc.—A consolidation Jan. 14, 1897, of the Pittsburg
itures.-^. 80, p. 1112, 1475; V. 81, p. 32.)
-henango & Lake Erie and the Butler & Pittsburg. Boat lines to
922; V. 61, p. 241,795.
76,
see
Philadelphia & Chester Valley RR.-Road from Bridgeport CanadaT stookV. 77, p. 1228; V. and p. 1358, pref. are owned by the
$500,100
(par
$5,500,500 com.
Of the
to Downington, Pa., 23-9 miles. Chartered in 1888. Capital stock
its collateral mortgage. Leased
preferred, $205,100; total ,$755,100, of. Carnegie Co. and deposited under
$50) is, oonimon, $550,000
Lake Erie
common and $205,100 pre- for 999 years from Apr. 1, 1901. to the new Bessemer6&per oent on
which Reading Company owns $454,450
for
$205,100 preferred are depos- RR a subsidiary organization of the Carnegie Co. and organization
ferred, of which $450,000 common and
The Reading Company pref. and 3 p. o. on oommon stook, interest on bonds Carnegie Co. V.
ited under its general mortgage of 1897.
expenses, etc, the lease being guaranteed by the
reduced. See V. 63, p. 1064.
guarantees the bonds, with interest
U. S. Steel Oorpo'n.
72| p. 137. Through Carnegie Co. is controlled by
Philadelphia & Erie RR.— (See Map Penn. #£ J-Owns Sunbury
Debentures of 1899 may be called after June 1, 1909, upon
Bonds—
to Erie, Pa., 288 miles; branohes, 19 m.; double track. 157 miles
company paying ^3 per cent for each year of unexpired term. United
Organization, Lease, &c—Formerly Sunbury & Erie. Leased to
The P. B. & L7K mortgage of 1897 Is for $10,000,000 (trustee
and
Pennsvlvania RR. Co. for 999 years, and actual net reoeipts paid as= States Trust Co., N. Y.). covering all the railroad, property, rights with
franchises of the consolidated company, including the agreement
rental. Pennsylvania RR. owned Dec. 31, 1904, $3,499,800 common
5s of
and $2,400,000 special stock and $3,944,000 general mortgage bonds. the Carnegie Steel Co., Limited, and the Union RR-Oo. Of the
1897 $4,800,000 reserved to retire Pittsb. Shenango &Lake Erie bonds.
'95'96 '97 '98 '99 '00 '01 '02 '03 '04 1905
'94
Dividends, %.None 2 4 4 7 7 7 7 7 ....
EARNINGS.-In 1904 Bess. & Lake Erie gross, $4,277,146, against $4
Speoial stock..
4 4 4 June, 3 122,7*6 in 1903; net, $2,132,532, against $1,798,331.-07. 75, p. 1203.)
2
None
2
Common stock
Gross, $2,893,289; net, $575,281
Pittsburgh Biughamton & Eastern RR.— In July, 1905,
Earnings.- 5 months, ) 1905
Gross, 2,756,297; net, 662,834 under construction from Binghamton, N. Y., to Ansonia, Pa., 14d
5 1904
Jan. 1 to May 31.
on the
miles, connecting on the west with the Buff Rooh. & Pitts, and
Annual Report.— Report for 1904 was given in V. 80, p. 1476.
her lines.
east with the Del. & Hudson, Del. Laok. & West Erie and o
I? *- „
1902.
1903.
1904.
Tear end. Dec. 31Will shorten tue haul, it is claimed, over 100 miles between Pittsburgh
$7,678,306 $7,781,186 $6,423,192 $6,789,689 and New Eaglaud. Controls 5,000 acres of Kittanning vein soft coal.
Gross earnings
.2,458,018 2,459 237 2,110,335 2,725,740 A syndicate headed by E. H. Gay & Co. will finance the enterprise.
Total net income
1,019,150 1,019,150 1,019,150 1,019,150
Interest on debt
Stock, common, $5,000,000; pref., $5,000000, of which .S1.000 000
168,000
168,000
168,000
168,000
of
Div on speoial stock
to be held in the treasury. Bonds (see table above), $10,000,000,
Div. on oom. stock .... (40/ ) 319,400 (4)319,400 (4) 319,400 (2) 159,700 which $4,000,000 has been sold and a farther $1,000,000 may be is588,018 ^202,722
790,447
798,044
toterest on equipm't, &o.
sued if necessary, on the 143 miles under construction, the remaining
$5,000,000 to be issu- d only for additional mileage. V. 81, p. 212.
sr.$153,424 sr$162.240 sr.$15,766sr.$176,168 President, F. A. Sawyer.— (V. 81, p. 212).
Balance
-(V. 79, p. 2206; V. 80, p. 712, 1476, 2622.)
Pittsburg Chartiers & Youghiogheny Ry.— Owns from CharPhiladelphia & Frankford RR.— Owns from Cresoentville to tiers to Beechmont, 19 m. trackage (Chartiers Ry.), 2 m. 21 miles in
Frankford, Pa., 2-6 miles. The $500,000 stock is owned by Reading all. Stock outstanding, $700,000,owned Jointly by guarantors menc; 1897,
Company of which $498,950 is deposited under its mortgage of 1897. tioned below. DrvTDENDS-In 1895, 4 p. c; 1896, 11 p.Of the 4snone;
naif
Dj 1898 interest on bonds reduced from 5 to 4 per cent, principal and 1898,7 p. c; 1899, 1 p. c; 1900, 4 p. c; none sinoe.
1357.)
St Louis, the other
are guaranteed (endorsed) by Pitts. Cin. Chic &
Interest being guaranteed by Reading Co.— (V. 67, p. 1358,
half by the Pittsburg & Lake Erie. See guaranty, V. 56, p. 650. In
Phila. Germ. & Cb est nut Hill RR.—See Connecting Ry.
year ending Dec. 31, 1904, gross, $242,996; net, $79,194; int., etc,
Germantown & Norristown RR.—Phila., $40,285 improvements, $33,189; sur., $5,720.
Philadelphia
Pittsburg Cincinnati Chicago & St. Louis Ry.— (See Map.)
Pa., to Norrfstown and Germantown, Pa., 20*66 miles; seoond track,
Miles.
Lines leased—Con.—
Miles.
JAnes owned.
20 miles; 3d track, 2-59 miles; total track, 99 m.; leases Plymouth
6
BR.. 9 miles. Leased Nov. 10, 1870, to Phila. & Reading for 999 years; Pittsburg.Pa., to Chicago,m. 509 Ohio Connecting Ry
28
166 Pitts. Wheeling & Ky
Rendcomb Jo. to Anoka Jc
rental, $277,623, including $8,000 yearly for organization expenses.
inChio.
Bradford Jc. to Indianapolis. 104 Eng. Connecting Ry.
Philadelphia Harrisburg & Pittsburg RR.—Harrisburg, Indianapolis to Jeffersonville 108 Other lines.
Pa.,toShippensburg, on the Western Maryland RR.. 47 m.; 2d track, Branches
223
Operated under their own
3-38 m.; sidings and laterals 17-47 miles. Leased October 15,1890,
organization—
1,111
Total owned
for 999 years at 5 p. o. on stock, interest on bonds, taxes and
Pittsburg Chartiers & YoughTrackage—
expenses to the Philadelphia & Reading RR., whioh by endorsement
21
ioghenyRy
54
on each guaranteed the bonds, prinoipal and interest. Lease assumed Indianapolis to Kokomo
148
3 Cinoin. & Musk. Val. RR
in 1896 by Philadelphia & Reading Railway. Stock, $2,000,000 (par, Other
28
Waynesburg & Wash. RR
oo's.) Miles
$50) .owned by Reading Co., of which $1,995,000, along with $1,472,000 Lines leas'dW See these
23
HChartiers
Of the bonds also owned by the Reading Company are deposited under
Total of all Ja-. 1,1905. ...1.621
194
ITLittle Miami
Its general mortgage of 1897. Mortgage is for $2,000,000.
Organization, &c—Formed in 1890 by consolidation_(per terms in V.
Newtown & New York RR.— Philadelphia to
Philadelphia
Jeffersonville Madison &
Newtown, Pa., 22 miles; sidings and laterals, 3-42 miles. Stock- 50, p. 875) of Chicago St. Louis & Pittsburg,
Phila.BaldWash rOon.)-M..$20,000,000,g.Moo*&r
fAiio.<«OAe«.r.-lstM.,pf. old58 red.;96,g.FePo*
1st m., old 4s, not pf., int. reduo' in '96, g.PePo*
Phila. a Erie— Common stock ($10,000,000 author.)
210
S*
)
I
.
,
-
.
,
:
—
W
i
;
,
,
-
,
;
:
;
. . .
—
RAILWAY STOCKS AND BONDS.
402
3V£AP
,li
[Vol. lxxxi.
-o Jicgi s
OF THE
HOCK ISLAND COMPANY
SYSTEM.
Casper
^Sunrise
N )VG
Wendover\ ^^s^
i
Allen Jc.
f^> lC
^"^s^Northport
Laramie
J
\^J^21_
.Cheyenne
Coalffiille
Harms Peak v
St&tfKJLabB City
Q
Pai*.£atiy
.I.clii
ov.o
k Thistle
[Nephi
7
s
«*
Sulphur Sprs.o^
Ward
^
rfjL
T
Somerset^
^oldrege
<1
Ft.Morgan
Bouldei7
S>
denve
sT3hr~
Dillon
.
I'^S^aT
Eph raim
r
/|
,
La Salle,
R,
*«
^Mounds
_
Sterling
|\XGreeley
Meeker o
"
—
[/\
Ft. Collins
Yampa
ysidney
^V
Ob
/M
*er/
/o
UadvillSf \
/
/'l
\Lowl
tfSWttA
lver
'"'^4]Q
f
^VV^\^^S
"^
^^^^aU^y-^^iQC
,
Green Riven
O ^~V
JunniaoV
OV Moab
C
e
C,'cii
•
B
r ^0°*°*
Cheyenne Wells |
Montrose*
Lake
Jc. «
.
TOP.
4
S.
puEBroir^<>>Cy
Telluride
o
Salt Creek!
^Creede
oilverton'
Cuchara
Jc.
f
GR.
-
PagoeaSpr*
Alil '»<«'
Aguilar°'"\<j:iMo.ro
Escalante
DurangcT*^
/ D
Antonlto
O!
Springfield
Trinidad...,
.
,
**
v
>
<Ci>narroiL,
'
^^»&
Tlerra Aniarilla
Alpine o
^
Vaaquei / .2£V
^AnQ
Dawson <£«, ^KatonV^'"^^t^7:r^\^ ip^*%
\
Cnama\
Aztec o
1
Keams Canyon
o
ftd^^I—^Cana'llan
O.
N
E
W
/(
M
E JTX
\ Ft.Smn
K C
c>
9>A» A
A
k W&J
July,
'
'
"
.
MINNEJ
llWaus
Nru
-2£.
Winthrop
afield
oquois,
|i.N'.t
/Marshf
/_pS
PK
Stevens
Grgeilrrsaj*)
McriillanA
br.thl
*S&
_^vjflV
403
RAILWAY STOCKS AND BONDS.
1905. j
MMfoi'd
IfcsgW
Owirtonna -winon*
^
Grand. Rapids
SKWabaal&k.
FARIBAULT.
O
Sparta
—AP
VL
i
stee
Neenaly
)
.^
M
Oshkos'h
jEli-Qy
y\
Mail
Fond-(
^rtage^
|
KichlandTCej
ST._£.>
k/
c
Mars,
Hartington
Kf Grand
ilwaukee
Grand
ll
kj
,Waiik~esha-
ftoo
t
A
.of?
h-s:
<
*
Wc>^ A^i? JrE'sis
"JpiJKI*i"< oSWaynard
\A
5»oa
I- ^
tueine
V
Jamesv'illey-Eikhorn^
/
yoc»!
X
Randolph
h3
bckford
\\
St.Josepli
;o^\
A
K
Jaukegan
-^z
Albion^
V»l
Columbus
^t
^rutnaui
»
Hehry^^A.i
carSon/^
"
Spavkland
rOgansportA—2
1
u
filie
.%»
'
Sift?**
I
I
1
m
Cuba^fc3yde
>l
V
/Clfhton^ .
'(T^^HorganvilleN
CLAY CENTCS^
\
Riley"
\
.A^izr*
ordsvfllev
itOWII/
SJJeardsi
>'«;
'*»./'.
^ f/^A/4- V
^^~-_WRood^oW/\,
Jte
a nib
Louisiana^iif^
Centralia'
—^*
/
\
C/Columbia \ w
=#/
y
/<?
7"
Jattc
vTerre
Litchfiefl
V
_
au^JJ
?*
^
'O ^Ceutralia
FERSON CITV
Bellevjlle
7
/
".3
^
\J
fT)
^East St. Louis
W^__
fAuloe
"-~i-.(^ry^.l^vans4ille
JPeabod
JElbiog
V
'
laru/iXg-^^/,
0*q?-
rFjirley
r
F
,
Nevada
K££hX
W
Washingto.n_
-^ •-_/
Vineeiinesy
New_Albany^
Mt .fcarrneLcy / /
tVei-nonJ^5 J.\/Oakla'ndCity7~
^
>\
JLManon
"
/
Bismarck
Ga^-bondal
1
Henderson
1
l
m
Moline/7N
Kiverdale
°^>\
wVJlitlgtop-.-
A,
ji^j^Clndependenee.
Ni6
X
*<$$£\k
Vinita
rq^St sos
^"VL^fjt-
-0^£ring_fleld^__
Monett
—Williamsvil
feuthri
fClarksville
l*cU
tf
A
Eureka
^.McKenzieV'
Sprs.
V" "VnaS*
.,
'Nashville
Pond
Jor.esborc
c^
urhboldt^
**t
T */%
w >/
«*
,Pettigrew
>
S
E
N_fJM
Japkso/i'/x
"|'" 5^oriii
V"
Germaoj
Benton
\g£ifr
t^
Heleii
Coma*
BUTTERFIELD"^
MALVERrj
Lite-
I
N?^*
Arkadelphia
w
C\
?^3
^Lula
OT SPRINGS'
£ *
y
^_i/
/
\
E /E
/
:/
I
•ni.
'Js*
«p^
iTusciimbiar
(
XNeWAlbanV
#
\
C y.
:
^Holly Sprs.
oV"
S
Columbia-T^^
Ir on
"
Sprs'<-/»
\
Sprs.
17
^
"*&*'
Marlow,
lasgo\\Jc.
IPaducalf
Poplar Bluffi
Mammoth
^
^^QPriiiceton
Willow Sprs. \
^
I
Nortonville\
Belta^
j'JSpl
HCoffe'yvillSI
Caldwyi-/^~-
R "sh
rS
^SuJUyan
andalia-i
^V,
/
r
Haut
ana
Mexico
i
lndianapoJi
-Springfield/
,,Mon7oe^-' -^ »
MoberlyJ^^
,F
N
I
Deiatur
Tu^ela
Oxford
<
.-ft;
/Grenada
Paris!
.c (Camden
Clar ksvilleSjc.
—
p\4
Q,
'
isq^
West Point,,
Arkansas City
M^W^no^a"
Birmingham
Cblur
Gi."eenyillp
[Lewisville
\bridgef;ort
ruscaloo'sa>
[Eldorado
L>Bovd
Greenville
/DALLAS
/
Mineoli
Marshall
TyleA/
Monroe
.
#*
,
Longv\ew
itft?
N
Meridian^-t°^
Sy*
I
i
I
\^>Nacogdoches
V-'
o
Palestine
||»A
b»
V^^TempIe\
(Lampasas
Livingston
Rockdale
\
\ Alexandria'
Cohnesnell
^
->^f
Hattresburgj
^N Woodville
-^
MOBILE
IBAT0N ROUQE
NavasoC
?lomaton
^
I
Jdings
montgo'mery-
I
Jacksonville
<
Seb.ua
J
Troupe
'Dublin
i
/Gulfpdrt
-/sou-
Bea
ft
art
usTor
Aj&H
JV^
'Joo-
^San Antonfo
r'Y
oakum
/Cuero
.A'LVESTON
IT
G
M E
C
O
404
RAILWAY STOCKS AND BONDS.
I
Vol. lxxxi.
)
July,
RAILWAY STOCKS AND BONDS.
1005.]
RAILROADS.
Miles
Ditto
Of
Size, or
Amount
of
Par
For explanation of column headings, &c, see notes
Road. Bonds Value. Outstanding
on first page of tables.
Pitt$.
Oin. Ohic.
Jeft'nville,
dk
Mad.
St.L.—(Oon.)— St. &
<fe In. 1st M. (s. f. drawn atllO).o
Ind. 1st M.r
2d mort., Jefl'ersonv., Ky., to Indlanap.
&
116
222
222
bi^li.c
("A,"g.C
Con. M., $75,000,000, gold, guar. p.&l.
(end.)
'
" B," g.o*
" C," g.o* 1,095
by Pennsylvania Company. F) "D,"g.o*
1864 $1,000
1866
1,000
1870
1,000
1890 1,000
1892 1,000
,1892 1,000
flK9:->
1899
1903
"E,"g.o*
u F< „ g-0 »
Baltimore & Ohio RR.
470
Pittsb.Ft. Waynedk O — Gen. stk., 7 p. o. guar. Pa. RR.
Pittsburg Cleveland
dk
Guaranteed speolal Imp. stock, 7 p. o. guar, by end
1st mortgage, series A to F ) Sink, fund, oumulatlve, not drawn. o* 5
series G to M >
do
2d
3d mortgage
Pittsburg <t Lake Erie— Stock, auth. $10,000,000...
o
1st mortgage, gold
o
2d mortgage, gold, Series A. & B.N...
Lisbon dk West.— See Wheeling & L. Erie.
Pittsb.
Pittsburg McK. dk "Sough.— Stock, guar., see text
1st mortgage, guar, by P. & L. E. and L. S. <fe M. S.c
2d M., gu. p.Al. (end.) by P. &L. E. and L. 8. &M. S.c
MoKeesport & Belle Vernon, 1st M., g., ass'd. FPI
Pitts. Ohio Val.dk Oin.— 1st M. g.,s.f. notdrn.FP.c*
—
FairportSee Baltimore <fe
Shawmut dk No.—1st M. g.,$12,000,000Colc*
Pittsburg Painsesv.
Pittsb.
dk
New mortgage, gold, $1 5,000,000
Car trusts, part due semi-an
Pittsburg Virginia dk Charleston— Bee Pennsylvani
Pitts. Term. RR. dk Goal— W.81de Belt, 1st M., g.UPi
Pittsb. Term'l, 1st M., $7,000,000, gold CP1..0*
470
468
468
468
71
71
100
1871
100
1862 500 &o.
1862 500 Ac.
1862 500 &o.
50
1878
1,000
1889
1,000
1884
1882
1884
1888
1890
Ohio RR.
1899
1902
1905
A RR.
Text. 1897
Text. 1902
1905
57
57
40
15
Consol.M.. $14,000,000. B
a Sinking fund Jan. 1, 1905, held $2,371,000 addlti onal.
50
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
& Rlohmond and Pittsburg Cin. & St. L. Couby Pennsylvania Company, which on Jan. 1, 1905, owned $17,644,200 pref. and $14,587,500 common stock. As to interest in majority of Hocking Val. common stock, see that company.
Capital Stock.—The stock authorized Is: Common, $45,000,000;
trolled
preferred, $30,000,000; par, $100. Outstanding Jan., 1905, common,
$24,780,351; preferred, $27,454,049. Stockholders In Dec, 1903,
subscribed to +4,750,000 preferred stock, increasing the amount outstanding to $27,454,000. V. 77, p. 1747; V. 78, p. zZ9. Suit V. 68. p.
381; V 69, p. 1248; V. 70, p. 126. Of the pref. stock, $15,000,000 Is
pledged as collateral under Penn. Co. certificates of 1901 and $8,200,000 preferred and $14,500,000 common stock under Penn. Co. collateral betterment notes, due Oct., 1905. V. 73, p. 957; V. 78, p. 1276.
The preferred stook is " non-cumulative and entitled to a dividend
of 4 per cent per annum out of the net earnings as declared by the
Board, with the right after 3 per cent has been declared on the
common to an additional 1 per cent, making 5 per cent in all."
After 5 per cent on both common and preferred, the two share pro rata.
Drvs.— ) 1892-93. '94. '95. '96. '97-'98. '99. 1900 to July, 1905.
2
3
4 yearly
On pf %.— 5 4 yearly. 2
On com., 1%, Aug. 15, '01; since to Aug., '05, inol., 3% yearly (F&A).
.
Stock of Old Companies unexchanged Jan. 1, 1905: Pittsb. Cin
St. Li. common, $25,050, Chic. St. Louis & Pittsb., common, $442,
267, and preferred, $4,952; Steuben ville & Indiana, common, $78,271,
<fe
and preferred, $750; Jeff. M. & I., $5,000.
Bonds.—The consolidated mortgage for $75,000,000 (Farmers' Loax
& Trust Co.ofN.Y.andW.N.Jaokson, trustees,) covers the entire property. Sufficient consols are reserved for the purpose of retiring all seo
tlonal bonds at maturity, at which time they must be paid off. The
remainder are issuable for improvements, additions eto. They are
guaranteed unconditionally as to principal and interest by the Pennsylvania Company. The six series are all equally secured. See adv.
in Chronicle May 21, 1892, and guaranty on bonds, V. 56, p. 604.
In Sept.. 1904, $9,000,000 Series F consols were sold to refund the
$2,996,000 Col. & Ind Cent. 7 per cents paid Nov. 1, 1904, and for
V. 79, p. 1267; V. 80, p. 1175.
Latest Earns.- 6 mos., > 1905.. .Gross, $12,538,925; net, $2,626,158
5 1904... Gross,
11,618,160; ntet, 2,471,888
Jan. 1 to Jane 30.
Annual Report.— Report for 1904 at length In V. 80, p. 1230, 1367
1904.
1902.
1903.
Tear ending Dec. 31.
1,169
1,164
1,164
Miles operated (system proper)
general purposes.
$24,209,493 $24,650,401 $22,610,557
5,874,885
5,705,687
6,099,554
125,026
61,182
71,042
$6,224,580
$5,936,067
$5,776,729
$2,307,637
$2,186,113
$2,202,505
Interest on bonds
139,344
132,361
131,687
Rentals paid
659,146
589,988
254,878
Car trusts (inolud. interest). . . .
1,369,075
1,398,357
Improvements, sink, fund, etc. 1,331,787
(4%)1,098,122 (4%)908,036 (4%) 907,926
Dividends on preferred
... (3%)743,390 (3%)743.378 (3%) 743.296
Dividend on oommon
def. $54,846
Balance, surplus
$138,0»0
$7,116
—(V. 79, p. 2797; V. 80, p. 1175, 1230, 1358, 1367; V. 81, p. 32.)
Pittsb. Cleve. 6c Tol. KB.- See Bait. & Ohio RR.— (V. 76, p. 49.)
Chicago Sly.— (See Map Penn. RR.)—
Pittsburg Fort Wayne
Grossearnings
Netearnings
Miscellaneous
Total net earnings
&
Pittsburg, Pa., to Chicago, 111., and br., 470 miles.
Double track, 271 miles, of whioh part was built in 1893. In July, 1900.
additional second track was under construction.
66 miles of
Lease, Ac.—Foreclosed Oct. 24, 1861, and reorganized. From July
1, 1869, leased in perpetuity to the Penn. RR.; rental pays Interest, sinking fund of debt and 7 per oent on stook, payable Q.-J. The
lessee keeps road In repair and pays taxes and expenses.
In July, 1901, an extra dividend of 2 per oent was declared on both
stocks, but It will be paid on the guaranteed speolal stook only in case
theoourts so decide.
No deoision to July,
1905.
V.
72, p. 821, 1188.
Capital Stock.—The special improvement stock is issued to Pennsylvania RR. for improvements, <fec, under article 16 of lease, which
frovides that the lessor may issue special bonds or stook. See V. 50, p.
39, and wording of endorsement in V. 56, p. 774. The speolal stock
Is in all respeots subject to the general or prior stock and "to the
rights of holders of said general or prior stook to have distributed to
them in quarterly instalments an annual dividend fund of $1,380,000
free of all taxes." This special stook is issued from time to time for
betterments; in 1898, $335,300; in '99, $824,907; in 1900, $1,002,700;
in 1901, $1,291,200; in 1902, $1,418,200; in 1903. $2,010,400; in 1904,
$4,959,200; in 1905, $3,341,900. Of the $31,002,900 guaranteed spec
lal stock outstanding Deo 31, 1904. $29,829,800 was owned by Penn.
Company, the greater part being pledged to seoure bonds of latter.
V.75, p. 1087.
Bonds.—The first mortgage is in series of $875,000 each and seoond
mortgage of $860,000. Of the above 1st mortgage bonds, $3,100,500
and of the second mortgage $3,314,500, and $2,599,178 cash, were held
In the sinking funds Jan. 1, 1905.
Report.—1904, lessee's profit, $449,179; 1903, $316,214 (V. 80,
p. 2458.)
Pittsb. Johnstown Ebensb. 6c Eastern
V. 77, p. 628.
Pittsburg Junction
See V. 67, p. 688, 788, 954, 1056. B.
A O. is in control, owning all of the securities except $15,250 oom-
—
RR.—
RR.—
&
A. &
J. &
A.
A. &
M. &
M. &
F. A
5
7
7
$3,000,000
a572,000
1,967,000
10,000,000
8,786,000
1,379,000
4,983,000
<fe
4 1ag.
4J«g.
4
g.
3i«g.
4 g. J.
&
do
do
do
do
do
do
do
do
do
do
do
do
do
do
O.
O.
N.
N.
A.
D.
pal,When Due.
Stocks—Last
Dividend.
N. Y., Nat'l City Bank.
N. Y.,Parmers' L'n & Tr.
J.
4>«g.
by
Whom.
Payable
Cent.
Ho»Ms— prinol-
Jan. 1, 1914
Oot.
July
Oct.
Apr.
Nov.
Nov.
Aug.
Deo.
1,
1,
1,
1,
1.
1,
1,
1,
1906
1910
1940
1942
1942
1945
1949
1953
N. Y.,Winslow,L.&Co. July 1/05,1%
19,714,286 See text.
do
do
July 1, '05,1%
34,344,800 See text.
do
Various
do
July 1, 1912
5,250,000
7
do
do
July 1, 1912
Various
7
5,160,000
do
do
July 1, 1912
A. & O.
7
2,000,000
in '04 P. & A. Pittsburg, Co 's Offloe Feb. 1,'05, 6%
10,000,000 10
do
do
Jan. 1, 1928
6 g. J. & J.
2,000,000
5g. A. & O. N. Y., Security & Tr. Co, Jan. 1, 1928
2,000,000
6
6
3,959,650
2,250,000
1,000,000
600,000
290,000
6
164,000
6,419.600
470,000
5g.
lg.
5g.
383,000
4,310,000
See text.
5
5
J.
J.
J.
J.
6g.
5g. A.
M.
g.
g.
J.
4^
&
&
&
&
&
&
&
&
J. N. Y., Union Trust Co.
do
do
J.
do
do
J.
J. Pittsb'g, Fidelity Tr.Co.
O. Phila., Broad St. Stat'n
S.
8 Colonial Tr.
do
J
&
July
July
July
Oct.
1,
1,
1,
1,
3%
1932
1934
1918
1920
Feb. 1, 1949
Central Trust Co.
Feb. 1. 1952
N. Y., Colonial Tr. Co. Sep'05-M'r.'lO
A.
A.
&
July, 1905,
Co., Pittsb
Sent. 1,
1937
July 1, 1942
1955
do
b"$l,60 6.000.
Indianapolis, Cincinnati
Road.—Owns from
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
1,000
1,000 bl0,392.0O0
1,000
9,000,000
Toledo -Bee
405
mon
stock, $959,000 first 6s. $250,000 second 5s and $191,000 TermiSee B. & O. and V. 69, p. 1063, 1192 and V. 70, p. 77.
Owns from Pittsburg, Pa., to
Pittsburg 6c Lake Erie
Youngstown, O., 68 miles, to be f our-traoked; branch lines to Newcastle,
etc, Pa., 4m.; total owned, 72 miles (of whloh 70 double track); leases
Pitts. MoKeesport & Yough. (which see), 112 miles; Mah. State Line
RR., 3 m.; Beav. & Ell. RR., 3 m.; Elw. Connect. RR., 1 m.; total, 191 m.
The road is operated in harmony with the New York Central sysMichigan Southern Ry. owning $5,000,100 of
tem, the Lake Shore
stook. The P. & L. E. owns stock and securities of Pitts. Ch.& Yough.
Ry., $140,000, and of Monongahela RR., $1,000,000. As to guaranty
of bonds of Monongahela RR., see that company's statement.
1892.
1893 to Feb., 1905.
Dividends
$ 1884 to 1891.
10 yearly.
Per cent. \
6 yearly.
8
Annual Report.—For year ending Deo. 31, 1904, gross, $10,035,510; net, $2,313,868. In 1903, gross, $11,280,129; net, $2,491,160;
taxes, $158,642; interest, $224,983; rental. $478,562; div. (10 p. c),
$900,000; bal., sur., $731,470.- (V. 77, p. 37; V. 78, p. 344.)
New Galilee, Pa., to Lisbon'
Pittsburg Lisbon 6c AVestern
O., 25 miles; Salem to Washlngtonville, O., 7 m.; coal road, 3 miles.
Lake Erie RR. V. 78, p.
Purchased in May, 1904, by the Wheeling
1782. For 713 mos. ending June 30, 1903 (32 mllest, gross, $54,448;
net, $16,013; other income, $1,303; charges, $20,423; bal., def., $3,107. President, N. B. Blllingsley, Lisbon, O.— (V. 78. p. 1782.)
nal Co. 5s.
RR.—
&
—
RR.—
&
Pittsburg McKeesport
Voughiogheny RR.— Owns
m„
6c
from
Pa., 57 m.; McKeesport to Brownsville, Pa., 40 m.;
of which 50 m. double track.
branches, 13 m.; leases 2m.; total, 112
Lease.—Leased to Pittsburg & Lake Erie RR. for 999 years. Rental
Is 6 per oent on the stook, prinoipal and interest of the Pittsburg McK.
Pitts, to N.
Haven,
& Yough. bonds
being guaranteed by Pittsburg & Lake Erie and Lake
Shore & Michigan Southern companies, the guaranties being endorsed on
the share certificates and bonds. The guaranty of the stook is on the
express condition that the holder shall acoept par for the same on July
1, 1934. See wording of guaranty in V. 56, p. 774. Stook authorized,
$4,000,000 first mtge. bonds authorized, $2,250,000 2d mtge. bonds
;
;
authorized, $1,750,000.
Profit to lessee in 1900 $2,373, of whioh
one-half was payable to the Lake Shore & Michigan Southern.
6c Cincinnati RR.— Owns road Bell15 miles. Operated for cost by Pennsylvania
Company in connection with Cleveland & Pittsburg sinoe Deo. 1, 1892.
Pittsburg Ohio Valley
aire, O., to
Powhatan,
O.,
Stook, authorized, $1,500,000; outstanding, $300,000; par, $50. Trustee of mortgage (for $1,500,000), Fidelity Trust Co. of Phila. Year
ending Deo. 31, 1904, gross, $37,092; net, $14,719.
Pittsburg Painesville «fc Fairport
See Bait.
Ohio RR.
Pittsburg
Shawmut
Ac
Northern
RR.—
&
RR.—Road— Projeoted
as
a short route from the bituminous ooal fields in Elk and Jefferson
oounties, Pa., northerly to Maoedon (on the N. Y. Central & Hudson
River RR.), including branches. 350 miles. The first division, Wayland
to Shawmut, Pa., with branohes, is in operation, viz.:
Owned—
Hydes
to Coryville, Pa
State Line Jet. to Wayland
Paine's Jet. to Cardiff
Mt. Jewettto Kasson Jot
Olean to Olean Jet
Miles.
66
70
12
10
9
Leased— (Concl.)
Hornells. Jet. to Hornellsville
Trackage
—
Hydes
to
Miles
10
Shawmut, Pa
B
Brockport to Brockwayville, Pa. ... 4
Coryville, Pa., to State Line Jet.... 11
Leased—
Croyland to Halton, Pa
13
Total operated
209
The Brookvllle & vfahoning Ry., controlled by the same interests,
proposes to build an extension from Hydes, Pa , to Freeport, 102i«
miles. V. 81, p. 32.
Organization.— Re-organized without foreclosure in 1901, under
plan in V. 74, p. 327, only $164,000 of old $6,000,000 5 per oent bonds
not havine assented. The Kersey RR., 12 miles, formerly leased, and
about 150,000 additional acres of coal lands and mineral rights were
placed under the new mortgage. V. 74, p. 327, and Circular, p. 578.
The non-assenting bonds have received interest to Aug., 1904. The old
lsts exohanged for the new bonds have not been canceled. V. 75, p.
291. Car trusts June, 1904, $188,477; of 1905, see table above.
Stock.—All com., auth., $15,000,000; issued, $11,700,000; par $100.
Earnings.— For the year ending June 30, 1904, railroad earnings
were: Gross, $843,208; net, $156,092; other Inoome, $11,558; interest, taxes, etc, $291,148; bal., def., $123,498; see V. 78, p. 1498.
Officers.—Acting Pres., Frank S. Smith, 45 Wall St.— (V. 81, p. 32.)
Pitts. Sheuango&Lake Erie.— See Pitts. Bessemer &L. Erie.
Pittsburg Terminal
RR.
Ac
Coal Co.— Owns $1,065,000
of
the $1,080,000 stook of the West Side Belt RR., having a belt line extending from Pittsburgh to Clairton, Pa., 20-6 miles, and Banksville
Jet. to Banksville, 2 m., with 13 miles of sidings, a total of 35-6 miles.
Has Us own river tipples and connection with all roads entering Pittsburgh. Owns in fee about 15,000 acres of coal and 675 aores of surface lands adjoining in Allegheny Co., Pa., which were leased Nov.,
1904. to the Pittsburg Coal Co. for 40 years at $350,000 yearly and a
royalty of 8 cents per ton of coal mined. V. 80, p. 1236. Capacity,
over 3,000,000 tons yearly. See prospectus, V. 78, p. 703; V. 80, p. 1480.
In 1904, the Wabasa-Pittsburg Terminal Ry. (whloh see) acquired
the entire $14,000,000 stock. V. 79, p. 1024, 2086; V. 80, p. 1236.
The 1st 5s of 1902 are secured on coal lands and by mortgage of West
Side Belt Rtt., whloh guarantees them, p. &1., and by pledge of West
Side Belt stook owned.
Sinking fund 8 oents per ton of coal mined.
Of the 5s, $4,690,000 was outstanding in Feb., 1905, the balanoe
.
RAILWAY STOCKS AND BONDS.
406
RAILROADS.
.
Miles
Date
Size, or
Par
of
of
For explanation of column headings, Ac, see notes
Road. Bonds Value.
on first page of tables.
&
Ohio RR.
Pittsburg <6 Western— See Baltimore
loungst. & Ashtab— Com. stock, $2,000,000
Preferred stock, $2,000.000
Aehta. & Plttsb. 1st M. Y'ngst'n to Asht. o* & FPr.
Consol. M. (for $4,000,000) 8. f. 1 p.c, not dr.F.n*
Plymouth <6 Middleboro, 1st M.,tnt. gu.by Old Col.o*
Pontiac Oxford <t North.— 1st M.,g.,$400,000.IUe.c'
Port Angeles Pac. - 1st M., $2,000,000, g. red.l05.K.
Pittisb.
,
Portland
Portland
<£
<k
125
125
62
125
15
100
Rochester—See Boston & Maine RR.
Rumford Falls.—Stock
gold. .OB.o*
c
Plain bonds, sinking fund, gold, $350,000
Consol.,
now 1st, mort., $1,000,000,
$500,000
"AAB,"gu.s.f
do
do
Portland Union By. Sta.— 1st M.,
64
l
1st M.(refund'g),cur., $1,500,000. V.63,p.l064.c*
<& Eastern— 1st mort., gold.GuP..o*
Railroad Securities- Stock, com., $10,000,000
Pref. stock, 4 per cent cum., $10,000,000
HI. Cent. stk. int. certs, cum., g.,ser. A.red. 105Us
Quakertown
1878
1887
1892
1896
1904
1,000
1.000
1,000
1,000
21
31
40
28
51
51
15
Raleigh <E Augusta— Baleigh & Gaston -See Seabo ARD A
32
Baleigh A Southp.—K. A C Fist M.^lO.OOO.g.Kc
32
Equipment and improvement M., goli
62
Ral. AScuthp. con. M., $2.Ot0,000.K
o
20
Raritan River BR. -let mortgage, gold
in 1882)... c*
40
Reading & Columbia—1st mort. (ext.
in 1884 A 1904)c
40
2d mortgage, coupon (extended
o
Debentures...
1897
1897
.
Plttsbursr Tounestown A Ashtabula RR,-Owns Kenwood,
Pa., to Ashtabula Harbor, O., 99 miles; Nlles to Alliance JunotJon, O.,
35 miles Canfleld Branch, 1 mile trackage, 3 miles. Total, 128 miles
Organization.—Leased August 1, 1887, to Pennsylvania Company, wnioh Jan. 1, 1905, owned $375,000 ooramon and $1,550,000 pre
Lease terminable at elther's option
t erred stock; rental net earnings.
DIVIDENDS. ) '90. '91. '92-95. '96. '97 to 1900 '01. *02. '03. '04. 1905.
7Mar.3ig
7
3 6 y'ly. 6*q 6 yearly. 6>« 7
Oouimon.n.c. \ 2^
On preferred, 1888 to Mar., 1905, 7 per oent yearly (M. & 8.)
Bonds.—Bonds of 1887 are reserved to retire 6s.
Earnings— In year 1904, gross, $2,802,952; net, $1,285,274. In
1903 gross. $2,767,821; net, $974,915; othor Income, $10,99.V, interest, $168,100; Improvements, $1,065,033; dividends, $212,044; bal.,
def., $459,267.-(V. 73, p. 616.)
Plaeervllle Ac Lake I alioe RR.—V. 78, p. 2600; V. 81, p. 156Pontine Oxford & Northern RR.— Operates road from Pontiac
Mich., to Caseville, Mich., 100 miles. In April, 1905, Robert A. Lounsbury of Pontiac. Mich was appointed receiver. V. 8<>, p. 1424 In
year ending nine 30, 1904. gross, $194,309; net, $10,333; total de
ductions. $29,115. Stock, #1, 000,000. Dividends: In 1890, 1 p.c;
1891,3; 1892,4; 1893,6; '94, 4; '95, 3%; 1900,4; 1901, (?) 1902,5.
Litigation, see V. 77, p. 299. Pros., Hugh Porter, N. Y.—(V. 77, p.
;
<
.
;
Portland
A;
Knmford
Falls
Ry.— Owns Rumford Jet.
to
Rum-
ford Falls, 54 miles branch to Otis Falls, 10 m.; traokage (Me. Cent.)
Rumford to Lewlston, 4 m.; total operated 68 miles. Controls Rumford Falls & Rangely Lakes RR., 41 miles of track.— V. 69, p. 954.
1905
Dividends— )' 9 6 97 98 '" 1900 01 02 '° 3 '° 4
;
5446
6666
*
'
'
'
4
Peroent
J
Annual Report. —Report for 1900-1 was In V. 73,
Year—
1903 4. .$583,399 $274,054
1902-3.. 623,019 275,864
1008; V.
June, 3
p. 1008.
Oth.inc.Int.,tax.,etc.Divid'ds.Bal.,sur.
$35,106
$98,111 (6)$120,000 $91,049
Net.
Gross.
Inol.
17.575
612; V. 77,
86,716
(6)
120,000
86,723
770; V. 79, p. 1267.)
$50,000. Bonds
guaranteed Jointly by Boston & Maine and Maine Central.
Owns 21*21 m. of road, completed in Sept.,
Port Reading
1892, from Port Reading Jet., N. J., to Staten Island Sound; sidings
and laterals. 32 m.; total, 532 m. Capital stock authorized $2,000,000—
par $100, all owned by Reading Company, $1,555,000 being deposited
under its general mortgage of 1897 and $440,000 under Jersey Central
collateral mortgage.— (V. 55, p. 544. 639, 680.)
Opened in Sept, 1892, Potomao Valley
Potomac Valley
June, Md., to Cherry Run, w. Va., on the B. & O., 14 miles, and
from Porters, Pa., to York, Pa., 17 miles; total, 31 miles. Leased to
Western Marylana, whioh owns the $500,000 ftock, the earnings over
charges being declared and paid yearly as dividends. The bonds of
1941 have prinoipal and interest guaranteed, jolntlyl and severally,
by the Western Maryland RR. Co. and the Baltimore & Harrisburg Ry.
Co., being so endorsed. The bonds have a sinking fund of 7-10 of one
per cent. For year ending Sept. 30, 1903, gross, $366,526 net over
bal., stir., $J 34,421.
In
taxes, $199,421 Interest on bonds, $65,000
1901-2, gross, $481,354; net, $296,17!*.- (V. 76, p. 1144; V. 77, p. Z160.)
Rio Verde Ry.—Owns a narrow-gauge road from City
Pot owl
of San Luis Potosi, Mexico, to Haoienda Alvarez, 40 miles. Has concessions for 99 years, expiring Nov. 4, 1985, when railroad becomes
the property of the Mexican Government. Company is exempt from
taxes and import duties for 15 years. Bonds are subjeot to call at 110
and Interest on any interest day. Pres., Robert 8. Towne; Sec, O. J.
-(V. 73, p.
75, p.
p.
Portland Union Railway Station.— Stook,
RR.—
RR.—
i
;
;
;
&
Nourse
Jr.,
82 Beaver Street,
New York.
Providence & Springfield n R.—Providence, R. I., to Douglas
Jot., Mass., on New Englan a ain line, 28 miles. Stock, $517,450 (par,
$100), mostly owned by tae N. Y New H. A Hart. V. 61, p. 1014. Road
.
leased (terms modified in July, x896.) to New England RR. till July
1, 1989, at 4 peroent on stook. See V. 63, p. 30, and New England
RR. report V. 63, p. 698. The bonds were guaranteed by the N. Y. A
New England (since foreclosed).— (V. 63, p. 30.)
Providence Terminal Co.— V. 78, p. 1110.
4
g.
4
4
1,500,000
1,300,000
150,000
5
5
6
5
750,000
3,500,000
10
4
137,000
30,000
300.000
400,000
650,000
350,000
1,000,000
5
«•
5
g.
g-
Whom.
Payable
M.
M.
F.
M.
J.
J.
A.
&
&
A
A
A
&
A
8.
8.
Dividend.
N. Y., Farm. L. & Tr. Co. Mar.25,'05,3>«
N. Y., Far. L. A Tr. Co. Mar.25.'05,3ifl
A. Phila., Fidelity Tr. Co.
N. N. Y., Farm. L. & Tr. Co.
Boston.
J.
J. N. Y. Mero'le Trust Co.
O. N. Y., Knickerb. Tr. Co.
Q.-M.
Portland, Me.
N. Boston, Old Colony Tr.
F. & A. Boston and Portland.
Portland, Me.
F. A A
J. & J. Portl'd, Me. & Boston.
Philadelphia.
J. A J.
J. & J. Baltimore, Hillen St'n.
A. & O.
N. Y„ 82 Beaver St.
J. & J. Prov.,R. I Hospital Tr
Q.-M.
Providence, Oflice.
A. & O. Pro v., R.I. Hosp. Tr. Co.
Quakertown, Pa.
J. & J.
M.
1,500,000
180,000
5 S3,600,000
2,000,000 4 In 1904 A.
8,000,000
4 g. J.
1902
1,000
ik Lin E RT.
1903
1,000
1904
1905
......
1889
1,000
1862 100 &0.
1864
1,000
1877
1,000
,
4g
992,000
350,000
500,000
300,000
500
100
100
RR—
299; V. 80, p. 1424.)
2,000,000 6 in 1904
1,000
RR.-
Cent.
$1,333,342 7 In 1904
1,700,000 7 in 1904
1,500,000
6
1,562,000
5
225,000
5
400,000
6 g.
100,000
5 g.
100
being in the treasury, of which $1 ,000,000 reserved for the West
Side Belt bonds Of the consols of 1905, the present issue ($S-*00,000)
is deposited under the Wabash 4i« p. o. notes of 1905, $7,000,000 of
the remaining $8,- 00,000 bfing reserved to retire existing liens. V.
80, p. 1729. Officers and directors. Oct., 1904.— iV 80, p. 1729.)
(See Map of Bait, dt Ohio.)— Road—
Pittsburg Ac Western
Owns Allegheny, Pa., to New Castle. Pa., 59 miles; 6tandard-gauge
branches to Foxburg, 59 miles; 3-ft. gauge lines to Mt. Jewett, etc,
101 miles; total owned, 219 m.
Status.— Road sold on Oct. 9, 1901, under the 2d mortgage and re
organized as P. & W. RR^, B. & O. pledging as part security for its own
Pittsburg Lake Erie & West Virginia system 4s the entire $13,500,000 of new stock, $7,318,000 of the $9,700,000 first mortgage 4s of
1887. $81,000 old 6s (all). $136,900 of the $219,000 Pittsburg New
Castle & Lake Erie 4s due 1917 and $3,500,000 new mortgage bonds
V. 73, p. 445, 785. in June. 1905. holdof Pittsburg A Western
ers of the remaining $2,382,000 let 4» were offered the right of exchange for B. A O Pitts. L. E. & W. Va. 4s or payment in cash. V
80, p. 2345.
;
Outstanding
1,000
1.000
1,000
1,000
1,000
1891
1891
1898
1892
Bonds— Prinol
INTEREST OR DIVIDENDS.
pal, When Du«
Rate per When Where Payable, and by Stocks—Last
Amount
100
1896
1.000
1897 500 Ac.
1904 500 Ac.
1887-9
ser.
Port Beading.— let M.,g., gu.by old P.AR.PeP.o*&r
PotomacVattey— lstM.$2,000,000,g,guMeBao*Ar
Potosi&Bio Verde— 1st M., $15,000 p. m.,s.f.Mo.c*
o
Providence & Springfield— 1st M. gold
Providence dk Worcester—Stock (10 per cent rental)
$50
50
[Vol. lxxxi.
M.
J.
J.
M.
J.
J.
&
<fe
O.
A J.
& S.
A D
& J
& 8,
& D
& D
N.
Y„ oflice, 120
B'way.
N. Y., Knlck. Trust
Co
Aug.
Nov.
Jan.
July
Apr.
1,
1,
1,
1,
1,
J'ne 15,'05,li*
Nov.
Aug.
2,
1,
1,
1926
1927
1934
1,
1922
Feb.
Jly*27,Jan.'29
Jan. 1, 1941
Jan. 1, 1941
Oct. 1, 1918
July
J'ne 30, '05,2ia
Oct.
1,
Jan.
1,
do
do
do
do
1947
1927
Apr. 1, '05, 2%
Jan. 1, 1952
1,
1943
1,
1,
1,
Sept. 1,
1965
1939
1912
1912
1917
Mar.
New York
June
&
Jan.
&
RR Mch.
Tr.
N. J. Tit. Guar.
Phila., Phil. Read.
1908
1927
1912
1916
1954
Deo. 1,
RR.—
&
Owns from Providence, R. I., to
Providence Worcester
Worcester, Mass., 44 miles, of whioh 5 miles are owned Jointly with
Boston <fe Providence; branches, 7 miles; total owned, 51 mil«s;
From July 1, 1892, leased for 99 years at 10 per oent per annum on the
stock to the N. Y. N. H. & Hartford.— (V. 63, p. 1064.)
RR.—
Quakertown
Quakertown to Rlegelsvllle
At Eastern
Stook, $180,000, all outstanding; par of shares, $50.
Year ending June 30, 1903, gross, $33,405; net, $10,512; charges, $10,228.
President. John Jameson; Sec, Henry S. Funk; Treas. .James
H. Shelly; Gen. Mgr., A. F. Baker. Office, Quakertown, Pa.
Pa., 15 miles.
Quebec Bridge & Railway Co.—V. 78, p. 584. V. 79, p. 2697.
Quebec Central Ry.—V. 78, p. 1276; V. 79, p. 783; V. 86, p 998
Quebec A: Lake St. John Ry.—V.79, p. 786,2589; V. 80, p, 2459
Quebec Southern Ry.— Owns Sorel, Province of Quebec to
No van, 89 miles; St. Lambert to St. Francois, with branch, 55 miles,
(former South Shore Ry.); total, 144 miles. A consolidation was voted
14. 1902, with the South Shore Ry. On Mar. 21, 1904, Geo C.
Dessaulles of Hyaclnthe, Que was appointed receiver of the Quebec
Southern and South Shore railways. Application to issue $20,000 receiver's certificates was made. V. 78, p. 1276. Proposals for purchase
of road were rejeoted by the Court in Aug.. 1904. the road to remain
for present in hands of receiver. V.79, p. 104, 681.
In Feb., 1905, the Montreal Quebeo A Southern Ry. proposed to apply to the Canadian Parliament to incorporate with power to construct and operate a railway from St. Guillaume station on the Montreal
Atlantio Ky. to Sorel, ami acquire the South Shore Ry.. the
Montreal & Longuenil Bridge Co., the Quebec Southern and the East
Richelieu Valley railways. V. 80. p. 712. For 4 mos. ending July 31,
1904, fross earnings were $75,671. against $60,951 In 1903. Pres.,
H. A. Hodge. Montreal, Can. -<V [|79, p. 104, 681; V. 80, p. 712.)
Quebec To rminal A; Railway Co.—See V. 71,[p. 603; V. 77, p. 38.
See Maryland Delaware & Virginia Ry.
Queen Anne's
"Queen Ctescent."—Includes Cinoin. N. O. A Texas Pac, Ala.
Gt. So., New Orl. & N. E., Ala. & Vicks. and Vicks. Shrev.
Pac
Jan
,
&
RR,—
&
&
Railroad Securities Co.— Organized by
interests identified with
the Illinois Central to acquire and hold securities of railroad's. Stook,
common, $10,000,000; pref., 4 per cent cum., $10,000,000; outstanding, common, $3,600,000; pref.. $2,000,000. The $8,000,000 present
issue of the int. certificates ($20,000,000 authorized) are secured by a
like amount of Illinois Central stock, interest at a 4 per oent cumulative rate being payable if received from dividends on the shares
pledged, the stock itself being deliverable to the holders of the certificates at maturity unless the option to call at 105 Is meantime exerolsed. V. 74, p. 937, 1039. Dividends in 190,8 to Apr., 1905, both
O.) on pf.— (V. 74, p. 989, 1039.)
Inclusive, 4 p. o. y'rly (paid A.
&
Raleigh
Raleigh
Raleigh
Augusta Air Line BB-U«flSRflhn»r(lAlrliti«Rr
aee seaboarQ Air ^e "7Oaston RR.
$
A; Southport Ry.— Operates from Raleigh, N. C, to
A:
A:
Lilllngton, 34 miles, including 2 milesof traokage; extension proposed
to Fayetteville, 30 miles ; total to be 64 miles. Successor June 1,
1905, to Ral. <w Cape Fear RR. V 80, p. 2400. Stock authorized,
$10,000 per mile. Consols (see table above) are limited to $8,000 per
mile (of wh'ch $1,000 for equipment). Of the bonds, $167,000 are reFor 10 mos. ending Apr. 30, 1905,
served to retire the old bonds.
gross, $41,073; net. $13,630. Year ending June 30, 1904, gross, $50,142; net, $21,652; charges, $9,199; bal., sur., $12,453. Pres., John A.
Mills; Secy, and Treas., F. T. Ricks. Office, Raleigh, N.
(V. 76, p.
752; V. 79, p. 2589; V. 80, p. 2400.)
O—
Raleigh A; Pamlico Sound RR.—V. 78, p. 1498; V. 80, p. 1363.
Raritan River Railroad.— South Amboy to New BrunswloE, N.
13 miles; branches, 7 miles; total, 20 miles. Stock authorized.
$1,000,000; Issued, $400,000; par, $100. Dividends paid in 1902-3
and 1903-4 4 p.c yearly. Year ending June 30, 1904, gross, $131,747;
net, $52,497; int., taxes, etc, $22,270; dividends (4 p. c), $16,000
surp., $14,227— (V. 77, p. 38, 2340.)
Belt railroad, 7'4 miles in length, around
Reading Belt
Reading, Pa., opened May, 1902. V. 71, p. 751. Stock, $750,000,
all owned by Reading Company. Road leased to Phila. & Reading Ry.
for 999 years from July 1, 1902, at 4 per oent on the stook, interest on
bonds, and taxes- (V. 71, p. 751; V.74, p. 1090.)
Columbia
Owns from Columbia to Sinking
Reading
Springs Pa., 40 miles; branches, 14 miles; operates Marietta Junotion to
Chickles, 6 miles; total operated, 60 miles. Stook, $958,373 (par, $50) of
whioh $788,200, together with $9,500 1st mtge., $35,000 2d mtge. and
$1,000,000 debentures, are owned by Reading Co., all exoept $3,200
Year 1903-04,
stock being deposited under its general mortgage.
gross, $303,983; net, $65,053; charges, $115,540. (V. 78, p. 1908.)
J.,
;
RR.—
A
RR.—
,
Reading Company— Philadelphia A Reading Ry.— (See
great anthracite coal properties of the Philadelphia A Reading Coal A
Hap.)—The Philadelphia A Reading Ry. operates in oonneotion with the
Iron Co. in the Schuylkill region, Pennsylvania, a system of
roads oentering at Philadelphia, extending to Hazleton and Williamsgort on the north, and westerly to Harrisburg, Shippensburg and Gettysurg in Pennsylvania and Wilmington, Del., on the south; also easterly In New Jersey to Atlantio City and Cape May, on the Atlantio
Ocean, and to tidewater at Port Reading on New York harbor, viz.:
2
.
July,
RAILWAY STOCKS AND BONDS.
1905.]
RAILROADS.
Date
For explanation of column headings, Ac,
on first page of tables.
& Reading Coal &!• on-
1,000
1,000
....
1902
Gen.
1892
1892
1843
1,000
1.000
1892
1,000
100
1871
1,000
100
100
100
,
1890
1,000
Read! ng Co.
—
Leased lines (Oon.)
Phila. Har.
Pitts.
Miles.
&
RR
TI471
88-4
Wilmington & North. RR..
Phila. A Reading Term. RR.
13
If
Reading Belt
RR
7-4
-
j
j
Tot.leased (2d track 2609). 646 1
Entire stock ownedrrChester & Delaware RR
53
Rupert
& Bloomsburg
1-6
Middlet'n & Hummelst'n RR
Tamaqua Hazleton & N. RR.
Controlled
Central RR. of New Jersey.
—
63
99
6774
Reading & Columbia RR
1J396
Lebanon & other branches 13 -8
Read. Marietta A Han. RR.
6"4
North East Penn. RR
1J25 7
Phlla. A Chester Valley RR. 1f239
AtlanticCityRR.Abranches1fl67 6
Shamokln Sunbury & L. RR. If 31-3 Catasauqua & Fogelsv. RR.. 29*5
Phlla. German. & Nor. RR.. 1f299 Gettysburg & Harrisb Ry...ff34-1
Perkiomen RR
1T38-3
Chestnut Hill RR
If 40
Phil.
Oatawlssa RR
1fl030 ^ an: Newtown & N. Y. RR.. If 21 -7
£ ew wn *«• *• t"s --]!S""Z
1T21-2
Norristown June. RR
0-4 P° rt fading BR
Creek RR.
10 1
Norrist. & Main Line Conn.
08
-r
2-6
PhiL A Frankford RR
If
North Pennsylvania RR
TT86-2
(If See this company.)
Delaware A Bound B. RR...fi33-8
Schuylkill & Lehigh RR
Total controlled
1,134 9
1f46-9
Total system July, 1904 (2d track, 765 miles)
2,146 6
From the company's docks at the extensive
(If See this company.)
terminal at Port Richmond It operates a line of steamers aud barges
In coastwise coal traffic and provides berths with elevators and ample
accommodations for several trans- Atlantic steamship lines. In Jan.,
1901, control of Central RR. of New Jersey was acquired (V. 72, o.
86, 340. 392. 676; V. 73. p. 847), andin June, 1901. an interest in PeDn.
.
™
.
I
|
S^y
'
I
I
|
Steel Co.
V. 72, p. 1282; V. 79, p. 1039.
A Ohio and the Lake Shore &
Mlohiean Southern are Jointly In virtual control, having acquired in
1903-04 over $60,000,000 of the $140,000,000 stock, consisting largely
Stock Ownership. -The Baltimore
of preferred stock.
V. 76, p. 102; V. 77, p. 350; V. 79, p. 2432.
Voting Trust, Etc.—The voting trusr was dissolved in Sept., 1904
The company has the right to oouvert the 2d pref. stook Into one-half
first pref. and one-half common stock.
See V. 64, p. 709.
Organization.—The Philadelphia A Reading RR. (chartered April
4, 1833) and the P. & R. Coal & Iron Co. were sold in foreclosure Sept.
23.'96, and reorganized per plan In V. 61, p. 1109. See V. 64, p. 709.
The "Reading Company" in the reorganization acquired the security holdings, real estate, equipment, etc of the old Phila.
Reading
RR. Co.; also the $20,000,000 stock and $20,000,000 bonds of the Phila.
A Reading Ry. and the $8,000,000 stock of the Coal A Iron Co.
PROPERTY of reading company.
<fe
,
Railwayequip. leased to Ry. Co. for 8 p. c. yearly
$21,805,738
Real estate not appurt. to RR. (ann. revenue ab't $175,000). 17,334,233
Colliers and barges leased to Ry. Co. for $115,000 yearly...
2,289,107
Leased and new equipment.
10,426,394
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
Phlla. A Read. Coal A Iron stock at par
8,000,000
Miscellaneous securities at par (in 1896 yielded $765,000). 70,228,806
Morts. and ground rents at par (not under '96-'97 mort.).
260 748
Int. in Phlla. A Read'g Coal & Ir. above securities owned.. 79,123,888
Claims against other companies, etc
6,353,663
Total July 1. 1904
(See V. 79. p. 1038)
$25f> .822,577
PROPERTY OF PHILADELPHIA & READING COAL
IRON CO.
,fc
Coal lands owned, 91,640 acres, with Improvements
$72,864,062
Coal lands leased, 7,323 acres.
Timber lands owned, $659,965; New York and East' rn
depots, $707.( 02; Western depots, $379,072: coal on
hand and other current assets, $7,389,919; depletion
fund. $400000
9,535,959
Stocks and bonds of companies controlled, nearly all ot
which are collateral for loans created prior to 1896
9,704,326
Stocks, bonds and mortgages.
989,823
Total apsets, per hoobP, June 30, 1904
$93,091,170
Offsets— Collateral sinking fund bonds, $1,350,000, and
current liabilities, $^,097,494; total
$4,447/.94
Sinking Fund. -Whenever, in any year, a dividend Is paid on the
stook. an amount must be paid simultaneously to the trnstee equal to
5 cents per ton on all coal mined bv the Coal A Iron Company during
the preceding year, if the aggregate of dividends so declared exceeds
that sum; otherwise such lesser sum as shall equal the dividends so declared. Under this provision general mortgage 4s (not callable) were
purchased and canceled as follows: In Mar., 1900, $433,000; in 1901,
$391,000; 1902. $443,000; 1903. $253,000; in Mar.. 1904. $495,000.
Dividends— per cent
1900. 1901. 1902. 1903. 1904.
1905.
1st preferred
3
4
4
3
4
4
2d preferred
M.sy, 2
1**
4
.
Common
First div. on com.
..
..
H*
p.c, paid Feb.
1,
..
1905; Aug. 2
None.
p. c.
&
&
&
&
A
A
&
&
A
4*2g. F.
Below
V.t0,p.2622.
500,000
809,000
g
i
1,512,700
954,000
6
79,000
4%
2,696,000
5g.
18.811,000 6 g. A7
9,363,000
4 g.
5,766,500
4g.
8.500,000
5 g.
2,741.000 113 A 3*2
-
$ & £
1,000
1894-8
—
$750,000
4 g. M. A 8
Text.
70,000,000 See text
28,000,000 4 in 1905 M. A P.
42,000,000 4 in 1904 M. A N.
66,232,000
4g. J. & J
23,000,000
4 g. A. A O.
1.295,000
4g. Q.-M.
1,080,000
4g. J. A J.
4Jag. M. A S.
1,800,000
783.000
4!ag M. & N.
1560 000
1857 500 &o
1868
1,000
1871 200 <fec.
1873
1882 500&0.
1891
1,000
A
INTEREST OR DIVIDEND8.
Rate per When Where Payable, and
Cent.
Payable
Whom.
Mort. OF 1897.
1844-9
i., ext. In '02
(Col. s. f. gold loan (RR.) gu. p
Rensselaer <t Sara.— 8took,8p.cgu.Del.& Hud. (end.)
i*92
o**r
let mortgage, consolidated, Int. rental
79
Richmond Frederic/cub. <t Potomac Common stock ....
Dividend obligations (same div. as com. stook).. ....
Stook, guar. 7 p. c, except $19,300 guar. 6 p. c.
,.
Consol. mortgage., $500,000, gold.Ce
o**r
82
Note.—General mortgage of 1897 requires th at the
marked t above.
If Only $16,000 are 3s.
Miles.
Liw-s owned in fee.
Carbon, etc. &
125*81
branches
59-50
Lebanon Valley branch
Lebanon <fe Tremont branch 65-28
Mahanoy & Shainokln bra'h 59 86
8chuvlkill ASusq. branch.. 5337
1'86
West Reading branoh
Total (2 tracks 182 m). .365 64
Lines leased (8ee each Co.)
12-8!
Oolebrookdale RR
11-2
Plokering Valley RR
East Pennsylvania RR
1f35-4
AJlentown RR
1f4-5
Little Schuylkill Nav. &RR. f 31-5
Mine Hill & Schuy. Haven.. 1142-0
Mt. Carbon & Pt. Carbon RR. IT 25
Mill Creek A Mine H.RR....1f 38
Schuylkill Valley Nav.ARR. If 11-0
Bast Mahanoy RR
fllO-9
Outstanding
1900 $1,000
50
50
m
50
1897 lOOOAc.
1901
1,000
1900
1,000
1899
1901
1,000
-
Plui. to Mt.
Par
Amount
Road. Bonds Value.
7-4
Read'g Belt— lstM.g.,$750,000,gu.p.&l.end.GP.o*
Jtsading Company — Common stook
1st pref. stock, 4 per cent, non-oum
..
....
2d pref. stook, 4 per oent, non oum
Gen. M.,$135,000,000,g.,s.f.notsub.call.Ce.o*Ar. Text.
Jer8.Cent.ool. tr. M.g.,red. 105 aft. '06.PePo*Ar
Wilm. A North'n stk. tr. otfs., g., red. at 105. GPr
....
Car trusts, $252,000 semi annually
....
Car. A mar. trusts, $200,000, semi-annually. GP
....
Equipment trust, ser. O, gold, $87,000 s. a
....
do
do ser. D, gold, $156,000 s. a
Old Phlla. A- Read. RR, bonds under LYING
Delaware River Terminal Pur. Money M., gold.o* ....
Delaware River Term. Ext. Pur. Mon. M., gold.o* ....
94
tlst M.,ext.ln '60, Philadelp'a to Pottsv.$A*.c&r
c.tr
94
IMortgage loans o* 1844, 1848 and 1849
o
...
tMortgage loan of 1857 convertible
c&r 148
tMortgage loan of 1868. gold. ext. in 1893
254
tConsol. mort. ($8,162,000 are gold 6s).PP..oAr
limp. M.,g.,ext. 97.PeP See V. 65, p. 870, g.c&r 325
327
IConsol. mort. 5s, ext. in*97 (V. 65, p. 278)... e&r
c*<fcr
^Terminal mort, gold. See V. 64, p. 85
....
Philadelphia City Subway Loan, guar., $3,000,000
....
Philadelphia
Size, or
of
Miles
Of
see notes
407
M.
J.
J.
J.
,T.
A.
J.
<fe
A.
M.
J
J
3
J
O
D
O
S
Q .-F.
1,350,000
4g. F. & A.
J. & J.
10,000,000
8
M. & N.
2,000,000
7
1.316,900 9 in 190* J. A J.
1,072,000 9 in 19 5 J. & J
500,400 8 in 1904 M. A N.
4lflg A. & O.
500,000
and Reading Coal A Iron Co.
by
Phlla.. Read. Ter. Bldg.
N.Y., J. P.Morgan
Co.
A
do
do
do
do
N. Y., J. P.
Due"
Utocks— Last
Dividend.
Sept. 1,
Aug.
1950
'05,
Sept. 9, '05.
10, '05, 2
Jan. 1, 1997
Apr. 1, 1951
1
,
2%
May
Morgan&Co.
Glrard Trust Co.
Phlla.,
& Co., Phila.,Pa.
Drexel
When drawn.
Jan'06-J'ly*07
Phila.. Read. Ter. Bldg. 8ep.*05-Sep'09
do
do
A.
N
Bona*— rnuw
pal, When
do
do
Nov'05-Nv.'09
To Aug., 1910
May 20, 1942
do
July 1, 1942
Philadelphia A London. July 1, 1910
Phlla., Read. Ter. Bldg. July 1, 1910
do
do
July, 1910
do
do
Oot. 1, 1938
Phlla., do & London. June 1, 1911
Phlla., Read. Ter. Bldg. Apr. 1, 1947
do
do
Moh. 1, 1937
Phlla., Prov. Life & Tr. May 1, 1941
City Treasury.
1905-1921
Phlla., Guar. Trust.
do
Phila..
Read. Ter. Bldg. Feb.
N. Y., Del.
& Hudson Co.
1.
1932
July, 1905,
4%
May 1, 1921
do
Phila. and Richmond, July 1, '05, 4i*
July 1, '05, 4ifl
do
do
May, 1905
do
do
N.Y., Phlla. orRiohm'd. Apr. 1, 1940
shall be responsible f o r all old bonds
do
The General Mortgage 4s (abstract V. 64, p. 612),
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. The new mortgage
Is
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,
365 miles; various leasehold lines, 635 miles; all the property of the
Coal A Iron Company, or the securities thereof; equipment valued at
about $18 000,000, also marine equipment.
Furthermore, it has a first lien upon a majority of the capital
stook of various companies In the system owning 453 miles of railroad, and also on various bonds of system— list in V. 64, p. 613.709.
Of the $135,000,000 fours of 1897 $51,960,000 were in Nov., 1903, reserved to take up undisturbed bonds and $12,500,000 for construction,
equipment, etc., at not over $1,500,000 per annum. V. 77, p 2099.
Improvement mortgage 6 p. c. bonds of 1873 due Oot. 1, 1897, were
extended at 4 p. o. for 50 years from April 1, 1897, payable In U. 8.
gold and guaranteed p. Al. by the Reading Co. V. 64, p. 470; V. 65,
p. 516. The consol 5s of 1882 for $5,673,042 were also extended at 4
p. o. till Mar. 1, 1937, the Reading Co. and Coal A Iron Co. becoming
Bonds.
are secured
responsible.
See V. 65, p. 870, for contract.
V. 65, p. 152, 870.
Terminal mortgage bonds, see V. 64, p. 85 and V. 60, p. 732.
For ten-year sinking fund loan see January, 1895, SUPPLEMENT.
The bonds were In 1902 extended to Feb. 1, 1932, at 4 per cent, principal and interest being guaranteed by the Reading Co., and sinking
fund reduoed to $30,000 yearly. V. 72, p. 242; V. 74, p. 206.
The Philadelphia Subway Loan is payable cafter ten years from date
in 20 annual Instalments, to secure which $ >00,000, bearing Interest,
has been deposited, and $100,000 yearly is being set aside in monthly
Instalments. See V. 58, p. 1110; V. 62, p. 950; V. 63, p. 881; V. 71, p.758.
The Jersey Central collateral trust bonds ($23,000,000 present Issue)
are secured by deposit of $14,500,000 Cent. RR. of N. J. (cost $23,200.000) of the $27,213,800 stook outstanding, $l,49i,000 Perkiomen
stook and $440,000 Port Reading RR. stook, the remainder of the
$45,000,000 authorized being reserved to acquire the minority stook
of the Central Company. They are subject to call on April 1, 1906, or
any interest day thereafter, at 105 and interest, on 60 days' notice.
See abstract of mortgage. V. 72, p. 487; V. 73, p. 847.
The Wilmington <e Northern stock trust certificates are secured by
deposit of $1,495,000 out of $1,500,000 W. A N. stook. V. 72, p. 340.
Car trusts of 1899 see V. 69, p. 1346; V. 71, p. 759. The $3,200 ,000
car trusts of 1901 cover 10 passenger and 38 freight locomotives,
1,000 steel coal and 500 gondola oars, 500 box cars. They are additionally pecured by $833,000 of the general mortgage 4s, which may
be withdrawn as the oar trusts are paid off. V. 72, p. 822.
Latest Earnings.— From July 1 to May 31 (11 months) results were:
—
It mos. to
P. <fc R. Ry.
dross.
May 31.
Net.
19u4-6...$34
4.157 $15,»61,S«4
1903-4... 31,910,074 12,45* 130
Charges all Cos. 11 mos. 1904-5
1903-4
do
do
,
.
,
Coat
Gross
<fc
$33,863 715
32,285,017
Iron.
Wet.
$2 379,110
2,8«3,618
>
*9.f2<\5 0;
».7d/,904;
Read. Co.
Net.
Jl.276.0t
1.300,614
All Cos.
total net.
$19,117,308
10,622.268
balance, sur., $9,696/08
balance, sur.. 6,~84,368
Annual Report.— Report for 1903 4 was given
at length in V. 79,
996.
1904.
Tears Ending June 30.
1903.
1902.
Railway company— Reoeipts...$34,S39,396 $32,429,791 $29,515,534
Expenses (inol. renewals, etc). 21, 14H.592
20,593,263
18,769,998
Net earnings
$13,790,804 $11,836,528 $10,745,536
Coal A Iron Co.— Receipts
$35,251,174 $23,279,241 $26,519,530
Expenses
22,131,248
34,018,724
26,283,203
Net earnings
$1,2^2,450
$1,147,993
$236,327
Reading Co.— Net income
6,431.711
6,849,685
5,312,129
Net earnings all Cos
$21,872,938 $19,416,232 $16,293,992
Fixed charges and taxes
14,589,307
14,465.222
14,359,099
Surplus
$7,2M3,b3l
$4,951,010
$1,934,893
Accumulated surplus
$14,406,456
$9,357,«23
$4,439,840
Dividends on 1st pref
(4)1,120,000 (4)1,120,000
(3)840,000
Dividend on 2d pref
(3*2)1.470.000
....
Surp. end of year (all cos.)..$ll,8l6,456
$8,237,623
$3,599,840
Officers.— Pres., George F. Baer; Vioe-Pres. and Sec, W. R. Taylor;
Treas., Richard Tull; Comptroller. D. Jones.
Directors— Joseph S. Uarris, George F. Baer, Henry C. Frick, E. T. Stotesbury. Ilenrv A. Dupont, Henry P McKean, Samuel Dlck»on. Charles Steele
and H. McK. Twombly.
Office— Reading Term. Build'g, Phila.— (V. 80, p. 2622; V. 81, p. £12.
p 1019, 1035.
See also editorial,
p.
Rensselaer & Saratoga RR,— Road.— Embraces 192 miles, viz:
Road owned—
Miles.
Miles.
Leased ( Continued) —
Troy to Lake Champlain
15
79 Ft. Edward to Caldwell
Leased—
Vermont line to Castleton, Vt. 7
Troy to Waterford June, etc. 14 Eagle Bridge, N. Y., to RutSohenectady to Ballston
62
15
land. Vt
Lease.— Leased in perpetuity Maroh 1, 1871, to the Delaware A Hudson, which, June, 1901, owned $800,000 of stock; rental, 8 percent
on the stook and Interest on bonds. Guaranty on stook, V. 56, p. 773.
Tear.
1903-4
1902-3
-(V. 73,
p.
Gross.
Rentals.
bet (over taxes).
$3,252,255
$1,073,321
$522,758
3,299,118
791,233
1,075,977
337; V. 74, p. 1088; V. 75, p. 342, 1147.)
Bal.,def.
$553,563
284,744
408
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
o
July, 1905.
RAILWAY STOCKS AND BONDS.
J
RAILROADS.
For explanation of oolumn
on first page
Ric. Fr.
<t
Pot.
Miles
of
headings, &o., see notes
Date
Size, or
of
Par
Outstanding
Road Bonde Value.
of tables.
(Oon.)- Gen. mortgage, $4,000,000
Rxch.dMeck.— 1st M., $315,000, g.(V.69,p. 391).
31
Richmond <& Petersburg— See Atlantic Coast Line RR.
Rich.-Wash. Co.-Coll. Tr., g., gu., red. 105.N.c*&r
Rio Grande Junction— Stoek.
1st mortgage, gold, guaranteed. Ce
o
Rio Or. Sierra M. dk Pac.— 1st M. g.,$20,000 p.m.Cc
Rio Gr. Southern— 1st mort., g., $2,277,000, guar..
Rio Grande Western— See Denver & Rio Grande
Roch. <6 Genesee Val.— Stock, 6% rental Erie RR
Rock Island Co.— Common stock. $96,000,000..
Pref. stock, (see text) non-oum., $54,000,000
62
156
180
1903
1898
Amount
$2,300,000
315,000
1,000
1903 lOOO&o.
100
1889
1,000
1897
1,000
1890
1,000
100
100
100
INTEREST OR DIVIDENDS.
Rate pei When Where Payable, and
& O.
& N
4 g. J. & D.
4mn'04 Yearly.
5g. J. & D.
J. & J.
A.
3«*
J.'&
g.
J.
&
J.
555,200
6
89,051,000
48,690,200 4 In 1904
J.
69,557,475
17,324.000
12,500,000
61,581,000
19,422,000
32,558,000
7,500,000
1,000,000
2.500.00O
6,500,000
1,905,000
11,000,000
150,000
M.
M.
500
-»
Ch. R. I. & P. RR. col, tr. M., $75,000,000Ce.o*<fer
Ch. R. I.
P. RR. ool. tr. M.,red. at 102»«.Ce.o*
O.R.I.& P.Ry.lst M.,Ch.,m.,to Coun.Bl.&br. Esc*
General mort $100,000,000, gold,.Ce
o*<fcr
Col.tr M.,g.,8er DtoP,duey'ly,red.l01ifl.Ce o*
Ref. M. $163,000,000, g., red. to 1911.Ce. o\fcr
Notes sec. by dep. $11,250,000 ref. bds.red.102
1st mort. on Elevator. $1,000,000, g., red. par
Con In. Coal 1st M.,$ 1,000 ,000 g.int.gu.red
Burl. O. R. & No. 1st M., lawful money F...o*<fcr
C. Rap I. F. <fe N.W., oons. 1st M., g., guar.Ce..e
B.C.R.&No. con.lttM. &col. trust, gold F.o*<tr
Mlnneap. & St. L., 1st M., gold (assumed) Ce..
Rook Island & Peoria, oonsol. 1st mortgage. IWp
Choc. O. & G., gen.(now 1st) M., $5,500,000. g.o*
Choc & Mem. 1st M., $3,750,000, ass'd.GPo&r
L. Rock Bridge 1st M.,a88'd,g.,red. (text)
P.o*
Consol. M. (see text), $30,000,000, gold.GP.o*
Car tr., Ser. B, due semi-annually, OP..
1902
1903
764 1877
3,165 1898
1902
Text. 1904
1904
1904
1905
365 1876
293 1881
1,293 1884
12 1877
113 1885
390 1894
282 1899
1899
1,006 1902
1901
1902
&
,
HOG
450.000
5,500,000
3,525,000
315,000
5.411,000
440.000
1.100.000
G
Car
Ser. C, April, yrly.,
tr.,
beginning 1903
GP
l.OOO&c
1,000
1,000&0
l.COO&c
1,000
l.OOO&o
1,000
100 &o.
1,000
l.OOO&o
Richmond Fredericksburg & Potomac RR.—Owns
Rlohmond, Va., to Quantico, 79 miles; James River branoh, 3 m.
;
&>
div. oblisr. p. c.
Bonds- Of the
$
gen.
'94. '95 '96. '97. '98. '99.
leases
7
3^8
7
6^ 7
1900 to 1904.
be issued for double-tracking and improvements, $3,500,000
have been or are to be acquired and placed under the Richmond-Washington Co. mortgage, the remaining $5( 0,000 beiDg reserved to retire
the consol. 4^3 at maturity; $2,300,000 were outstanding June 30,
See V. 77, p. 2388, 2391.
Earnings.— 11 months, 190J-5
Gross, $1,426,419; net, $478,887
July 1 to May 31.
1,261,309; net, 455,365
1 1903-4.... Gross,
Report.— Report for year ending June 30, 1904, was in V. 80, p>
159, showing, gross, $1,522,331; net, $50 0,831; other income, $12,v:70;
charges, $112,572; dividends, $191,112; extraord. exp., $112,5825
bal., sur., $96,834. In 1902-3, gross, $1,338,904; net, $398,383; other
income. $10,968.-(V. 77, p. 629, 2388, 2391; V. 78, p. 769; V, 79, p.
2457, 2748.)
& Pacific RR.—Organized In Mexico In 1896; incorporated in N. Y. State in June, 1897, being completed
from Cludad Juarez via San Bias Mountains, Lake Guzman, Sabinal
and San Pedro mining region, to Terrazas, 162 miles. In Oct.. 1904,
the road was sold to W. O. Greene (President of the Greene Consul
idated Copper Co
and associates, construction on extension from
Terrazas to Deidrick, 1 35 miles, being suspended In June 1905. V. 79,
)
p.
1462, 2086, 2458; V. 80, p. 1112.
Capital stock
Is
$3,120,000 ($20,-
000 per mile) and bonds are authorized at $20,000 per mile, of which
$2,000,000 issued for construction to July, 1898.
President, W. C. Greene: Treasurer, E. J. Gates.
Office,
New York— (V. £0, p. 164, 1112.)
Rio Grande Southern RR.— (See Map Denver <t Rio
24 Broad
St.,
Grande.)—
road, Ridgeway, Col., southerly to Durango, 162
and branches, 18 miles. Stock, $4,510,000; June 30, 1904,
$2,255,600 owned by Denver & Rio Grande. See V. 63, p. 404. Mortgage abstract V. 54, p. 163, and application to N. Y. Stock Exchange
In V. 54, p. 446. Of the bonds, $2,277,000 are guaranteed by D. & R. G.
Owns narrow-gauge
miles,
V. 70. p. 791.
8ee guaranty. V. 70,
p.
1295.
11 months.
Gross.
Net.
Charges.
Balance.
1904-5..
$437,453 $205,606
$7,059 $198,062 siir.$14,603
19034.
423,624
177,324
6,376
198,239 def. 14,539
For year ending June 30, 1904, gross, $461,566; net, $192,010;
other Income, $6,379; interest, taxes, etc., $216,616; deficit for year
$18,227. In 1902-03, gross, $553,554; net, $278,157.— (V. 71, p. 389.)
Rio Grande Western RR.—See Denver & Rio Grande RR.
Rochester & Genesee Valley RR.—Avon to Rochester, N. Y., 18
miles.
Leased July 1,1871, in perpetuity to Erie Ry.
— (V. 79, p.
2458.)
J.
J.
A.
A.
7
J.
J.
J.
J.
J.
6
5
5
g
£
5 g. M.
-
5g.
New York Tr Co. June 1, 1943
SN.Y.,Mait.,Coppell> Feb. 11,'C4,4H
Deo. 1, 19E9
* &Co.,52 William St. $
N. Y. Co.'s office.
July 1, 1917
N.Y.,Malt.,Coppell& Co July 1, 1940
N. Y.,
by Erie RR. Co. July, 1905,3%
Checks mailed
do
do
Aug.v'OS; 1%
N. Y.,
N. N. Y., First Nat.
o.
D.
D.
O.
O.
D.
J
J.
J.
J.
F.
&
4Vg. A.
Rental, $34,012.
Bank
Wov.
do
J. N. Y., First Nat. Bank.
do
do
J.
N.
do
do
do
do
O.
do
do
J.
do
S.
O.
1,
2002
Sept. 1, 1913
1, 1917
1, 1988
May, 1906-18
Apr. 1, 1934
July 1, 1907
1st Tr. & Sav. Bk.,C'hio. Oct. 1, 1924
June 1, 1935
N.Y., First Nat. Bank, June 1, 1906
do
do
Oct. 1, 1921
Apr. 1, 1934
do
do
June 1, 1927
do
do
July 1, 1925
do
do
do
do
Oct. 1, 1919
Jan. 1, 1949
do
do
Philadelphia.
July 1, 1919
May 1, 1952
N. Y., 1 st Nat. Bank.
Phila., Girard Tr. Co. To Aug., 1908
April, 1906-10
do
do
Miles
over-
Miles
July
Jan.
mile-
constr.
MV.es
Total
vnder
attd.
age.
.
5,761
Ill
6,791
31
41
70
298
3W
Frisco System—
& San ranclsco
St. L.
1E2
457
298
Ft.
1
over.
12
198
4,i
\t
Worth 4 Rio Grande.
& Tex«s.etc.
Chicago & Eastern 111....
St. L. Mem. & So. East.
L. San F.
St,
1142
758
881
Stock.— Common stock authorized $96,000,000; preferred $54,000,000. The stock of the oon trolled companies issued and aoqulred, ana
the amounts of Reck Island Co. stock therefor, follow: V. 76, p. 1408.
lotal
issued.
Chicago Rock Island* Pac. Ry. 176,000,000
St. Louis <fc San F. Ry. com. stock. 29,c00,000
Total
$104,000,000
Total
arquired.
$69,557,400
28,c34,9L
$9«,193,r00
Balance
Total June 30, 1904
^Rotk Isl.
Common.
$69,E 57,475
Co. issues.^
Preferred.
148,690,200
19,328,557
$88,88R,082 $48690,200
7,113,868
5,309,800
$96,000,000
The preferred stook
$54,000,000
preferred as to oapital and also as to noncumulative dividends at the rate of 4 p. 0. yearly for 1903 and thereafter to and including 1909, then 5 p. o. for 1910 and thereafter to
1916, inclusive, and thereafter 6 p. 0. The preferred stockholders are
entitled to elect a majority of the directors. The authorized amount
can only be increased with the consent of two thirds of each olass.
Dividends.— Dividends on pref., Feb., 1903 to Aug., 1905, both Inclusive. 1 p. 0. quar. (Q.-F.)
Bonds.— As to Chlo. R. I. <fe P. RaVway refunding mortgage of 1904,
of which $25,558,000 was sold in Nov., 1904, see that company and V.
78, p. 228, 234; V. 79, p. 1716. 2i!06.
Official Statement.— As to securities, rights of shareholders, etc.
see V. 75, p. 1157.
Earnings —For results of operations of the Chicago Rook Island <fc
Pacific Ry. and Its leafed and auxiliary He es (forming the "Rock Island system") and of thu St. Louis
San Francisco lines (Frisco system), see those companies In this Section; also the Chicago
Eastern
Illinois. The reports of the companies named were given in the
Chronicle of Oct. 22 and 29, 1904.
The combined income account of the Rock Island Co. and the Chicago Rock Island
Pacific Railroad for the year ending June 30,
1904 (see report V. 79, p. 950), is as follows :
Dividends on Chlo. R. I.
P. Ry. stock owned
$5,564,592
is
&
&
&
&
Other income
64,817
Totallncome
Expenses and taxes
Int. onC. R. I. & P. Railroad bonds
Dividends paid (4 percent)
$5 629,409
$56,924
3,495,113
1,947,608 —5,499,645
,
Balanoe, surplus
$129,764
Officers.- Chairman of Board, W. B. Leeds; President, Robert
Mather Treasurer and Secretary, D. G. Reld: Vice-President, Assistant Treasurer and Assistant Secretary. George T. Boggs.
Directors— W, B. Leeds, Wm. H. Moore. D. G. Reid, F. L. Hine, Geo. G. MoMurtry, James Speyer, D. G. Bolssevain and Ogden Mills. New York: R.
R. Cable, Robert Mather, James H. Moore and Marshall Field, Chicago; B.F.
Yoakum, 8'. Louis; H. C. Frlck, Pittsburg, Pa.; Geo. T. Boggs, East Orange. N. J.
Finance Committee— W^.H. Moore. Chairman: Jsmes Speyer, W. B. Leeds,
D. (i. Reid. J. H. Moore, F. L. Hlne and Marshall Field
N. Y. office, 71 Broadway.— (V. 79, p. 2797; V. £0, p. 118, 2400.)
Rock Island Sc Peoria Ry.— See Chioago Rock Island & Paoiflo
Ry. Leased by the Chicago R. I. & Pacific for 999 years from June 1,
902, for fixed charges and 6 per cent on the stock, the C. R. I & P. in
1903 acquiring title by deed, the $9,700 stock unexchanged for its own
stook being guaranteed dividends at 6 per cent yearly, payble J.&J.
;
1
Rockford Relt Ry.—V.
80, p. 2459.
Rome & Clinton RR.— Owns
Earnings—For 11 months ending May
31:
Oth. inc.
g.
<fc
&
&
&
&
&
&
&
&
&
1943
1948
I
Company.—
RR.—
A.
1,
1,
*
RR.—
Rio Grande Sierra Madre
g.
Apr.
Nov.
Co.
*7,C69
Total Frisco
142
6,769
Total Reck Island... *7,657
Includes leased lines and trackage, £59 miles. 5 Includes Red River Ter. &
Southern, Paris & Gt. Northern, Blatkwell Enid & Tex. and Okls. City & Tex.
Friendly Interests control tbe Evensville & Terre Haute. 331 miles.
<>
the following roads, viz., the Pennsylvania RR., Baltimore & Ohio RR.,
Atlantic Coast Line Co., Southern Ry., Seaboard Air Line Ry. and
Chesapeake & Ohio Ry., eaoh of which owns one-sixth of the $2,670,000 oapital stock; operation began Nov. 1, 1901. The entire roadls to
be double-tracked. V.75,p.78. Dividends in 1902, 3 p. c; 1903, 4 p. c;
1904, 4 p.o.
Incorporated on Sept. 5, 1901, and acquired $947,200 of the voting
capital stock of the Richmond Fredericksburg & Potomac RR. and the
entire stock of the Washington Southern Ry., extending from the south
end of Long Bridge across the Potomac River to Quantioo, 36 miles.
The collat. trust 4s of 1903 ($11,000,000 authorized issue), are
guaranteed, jointly and severally, principal and interest, by the six
roads named above; of the bonds $6,500,000 have been sold for
double-tracking and Improvements. V. 77, p 629, 695; V. 78, p. 584,
1393. See list of collateral and form of guaranty, V. 77, p. 2391. Cal.
year 1904, int. on Investments and deposits, $304,909; Int., taxes.etc,
$235,760; dlvs. (4 p.o.), $106,800; bal., def., $37,651.— (V. 78, p. 1393.)
Rio Grande Junction Ry.— Owns road Rifle Creek, Col., to a
connection with the Denver & Rio Grande 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 Railway and Denver & Rio Grande at 30 p. o. of gross earnings, whloh companies jointly and severally guaranteed the bonds, prin. and Int. First
div., 1898, 80ots.; 1899, $1 20; 1900, $1 96; 1901, *3 75; 1902. $4; 1903,
$3 90; 1904, $4 25. Year 1902-03, gross, $593,366; rental, $178,010.—
(V. 66,p.237; V. 78, p. 2385.)
Rio Grande
V. 81, p. 212.
5
5
5
St.L.K.C.&C. and.K.C. R.I.
1904.
Richmond &
Richmond-
J.
Rock Isl. System—
Chic. Rock Isl. & Pac
Chic. Rock Isl. & El Paeo.
< hie. Rock Isl. & Golf
ized), to
Va., to Clarkesvllle, Va., 31 miles. Road Is leased by South. Ry. Co. for 50 years
from Nov. 1, 1 898, for interest on bonds. (V. 69, p. 391.) Stock, $357,900 (par $100), of which $300,000 owned by So. By. Co.— (V.71,p. 1121.)
Petersburg
See Atlantic Coast Line RR. Co.
Washington
Controls a "union" line
Washington, D. 0„ to Richmond, Va., 115 miles, In the Joint interest of
<fe
4^
Morgan &
&
7
Richmond & Mecklenburg RR.—Keysville,
A
&
&
&
Dividend.
&
1905.
8 yearly.
9
of 1903, due Apr., 1943 ($»,000,000 author-
6^
M.
&
&
Due.
Slocks— Last
Rock I. land Co.— (See Maps, pages 402, 403.)— Incorporated
in New Jersey on July 30, 1902, and acquired, per plan V. 75, p. 240,
the entire stock {$145,000,000) of the Qhio. R. I. & P. Railroad (new
00.), whose bonds, together with the ^tooksof the Rock Island Co, were
issued in exchange for (1) $0 9,557,400 of the $74,817,100 stock of
Paoiflo Railway— which see, and (2) per plan (V. 76, p.
Chicago R. I
1408, 1406), for over 99 p. o. of the $29,000,000 St. Louis & San Fran,
common stock. The Rock Island interests (through Chic. R. I. Pao.
Ry.), Jointly with Union Paoiflo, control Chicago & Alton. V. 79, p.
1462, 2206.
Road.—The road, clearly shown on acoompanylng maps, Includes:
from
Quantico to Junction, etc., 3 miles, total 85 miles; being double tracked.
The dividend obligations carry no voting power. Rich. & Petersb. Connection RR. stock of $140,000 reoeives 8 p. o. dividends under lease.
The R. F. & P. RR. guaranteed stock is secured by mortgage.
The Richmond- Washington Co. (see below) in 1901 took over $947,200 of the $1,316,900 common stock, and "union" line of that company
has been operated by Rich. Fred. & Pot. officials since Nov. 1, 1901.
V. 74. p. 149.
Drvs. on stock
J.
J.
5
5
J. P.
Q.-F.
Bonds of System.
pal, When
by
Y., Phila, or Rich.
ST.
4g. M.
4.
Bonds— Princi-
Whom.
Payabh
Cent.
5,000
1,000
1,000
1,000
1,000
1,000
1.0)0
18
•
6,500,000
2,000,000
2,000,000
2,000,000
4,510,000
409
road from Rome to Clinton, N. Y.
13 miles. Organized in 1869. Leased in perpetuity in 1891 to Delaware
& Hudson Canal Co. and operated by N. Y. Ontario & Western.
Watertown Ogdensburg RR.-(»Se< Map New York
Central <6 Hudson River Railroad.)— Owns from near Niagara Falls to
Massena Springs, N. Y., 301 miles, less 27 miles, Richland to East
Oswego, leased from the Oswego & Rome RR. and Suspension Bridge to
Lewiston Jet., 9 miles; and trackage to Suspension Bridge, 2 miles;
Richland to Rome, 41 miles; branches to Cape Vincent, Ogdensburg,
Pulaski, Fulton, etc., 110 miles; total owned, 414 miles. Leases Utioa
& Black River Railroad ($1,120,000 of $2,223,000 stook owned), Utioa
to Ogdensburg, ani? Clayton branch, 150 miles Oswego & Rome Rail-
Rome
f
&
;
1
.
.
:
:
:
RAILWAY STOCKS AND BONDS.
410
RAILROADS.
For explanation of column headings,
on first page of tables.
<fcc,
Miles
of
see notes
Date
Size, or
of
Par
Amount
Outstanding
Road. Bonds Value.
Belt— See Illinois Iowa & Minnesota.
Home <£ Clinton—Stook (rental guaranteed)
Rome Watertown <£ Ogdensburg —Stook, guar, (end.)
[Vol. lxxxi.
Bonds—PrinciINTERE8T OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Payable
Whom.
Dividend.
Cent.
Xoclejor-d
100
100
1 st M., Wat. & R. .Rome to Cape Vln. ,s.f .not dr'n.c*
ConsoL M.(int. only in gold,$500,000 are Z\») F.o.
Oswego Bridge Co. 1st mortgage
1855 100 &c.
1874
1,000
1885
1885
1886
, M1
1888
1,000
97
.
All
Syracuse Phenlx & Oswego 1st mortgage.ltte.
Nor. AMont. 1st M., g., $360,000; $10,000 p. m.N
R. W. & Og.Term. RR. 1st M., gold, assumed. ...c*
Osw. & Rome.lst M.7s ($350,000) and 2d M.5s,gu.
Utioa <fe Bl. Riv. st'k. 7 p.o. perpet. gu. by R.W.&O.
U. & B. R. 1st M., $2,000,000, g., gu. p.&i..Ce.o
Rutland Stook, preferred (for oom. see text)
First oonsol. inort. for $3,500,000, gohLUs .c*&r
Ogd.
L. Cb 1st M., $4,400,000, g., assu.Ce..c*
17
13
7
28 '65-91
150 •68-71
150 1890
120
120 1891
127 1898
&
Rut.-Can.— 1st M., g., a88um.,$l,350,OOO.OB..o* 43*3 1899
59 1897
Bennlng & Rutland— 1st ref.M. g., assumed.N.o*r
59 1900
2d M., gold, assum., sub) to oall aft. 1901 IV o*
58 1901
Chath.&Leb.Val. 1st M.. $500,000, g..p.&i.,gu S
1901
Equipment trusts, g., maturing $33,000 yearly.
1902
Equip, tr. $1,000,000, g., $100,000 y'ly.A B.c&r.
Ogdensburg. Term.Co M.,int.gu.,s.f $10.000 y'rly
Rutland & Whitehall RR.—Stock (no bonds;
7
o*
66 1900
Sag. Tuscola <£ Huron— 1st M. ,g. ,gu., p. & i., end.N
131 1894
St. Johnsb. dL.Ohampl.— 1st M. ($1,328,000 gu.)g.c*
1902
St. Johns River Term.— 1st M. $2,000,000 N
Si. Jos. <t Or. 1st. Ry.— 1st pf. stock, 5%, non-cum.
gold.
Ceo*&r 251 1897
1st mortgage,
1904
Equipment notes, gold, due $40,000, semi-ann.
43 1896
St. haw. dk Adirond. Ky.— 1st M.. $800,000, g.N.,0*
43 1896
2d mortgage, $400,000, gold. N
St.LB :<t Mex.-lat M.. $1,000.000. red.par.SSt o' 142 1904
See Mobile & Ohio.
St. Louis <* Cairo
—
. .
.
.
—
100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
1,000
100
1,000
1,000
1,000
1,000
1,000
—
.
212234
,
In V. 79. p. 1701.
1903 04.
$2,414,452
768,928
81 7,99
89.957
513,432
Deduct—Taxes and rentals
Interest on bonds
Interest on loans
Sink. fund ror equip, b'ds.
Special imp't items
Div. on pref. stock
Balance, surplus
1902-03.
$2,376,563
1901-02
$2,134,382
717,767
824,249
90,845
534.468
763 090
923.016
86.548
491,041
49,012
33,000
1,229
100,000
103,043
100,000
(1%)90,576 (3%)261,728
$11,559
$1,686
$7,131
Director*.— W. H Newman (President), VVm. K. Vanderbilt, Kred'k W. Vanderbiit, 11. McK I'wombly. J. P.
tkhii. William Rockefeller. Jumes S'illniau
and ''rutD"('e> M. Depow, Neil Vcrk: I'ereival W. Clement, Kutlaiid. Vt.; \V.
Seward Webb. Momsvllle, Vt
Fletcher I). Proctor Prootor, Vt.; Olin
Merrill. EuoMiori; Falls, Vi.: K ihert Treat Hatue^d, HoNton, Mast.
—(V. 77, p. 2033; V. 79, p 1 701, 1950; V. 80, p. 223, 473.)
Rutland
Owns N.Y. State line to Castleton.
Whitehall
Vt., 7
Leaned Feb. 1. 1870, in perpetuity to Rensselaer
Saratoga
RR. (rental $15.342—
on stock) and so operated by Del.
Hudson
M
;
m
UK.—
A
&
&
G%—
Sitsiiiiiw TiiniolaA Huron.— Owns Saginaw, Mich., to Bad Axe,
miles. Stock, $600,000 par, $100. In year 1898-9, gross, $147,
448; net, $15,644; other income, $5,495. Leased to Pere Marquettf
RR. for 999 years from Feb. 1, 1900, for guaranty of principal and
Interest of bonds (form V. 71, p, 30) and maintenance.— (V. 72, p. 88.)
St. « lair IQadiMon Ac St. I.ouIm Belt
See Missouri &Illinois bridge A Belt RR.
St. Johnnbury A: Lake «
plain Kit.—Owns Lunenberg.
Vt., to Maquan Bay, on Lake Champlain, 120 miles, and branch fron
North Concord, Vt., to Last Haven, 11 miles; total, 131 miles. The rou<
Is operated independently although a majority of the stook is owned bv
the Boston A Lowell, leased to Boston & Maine. Notes payable June
30, 1904, $263,450, Stock, common, $2,550,000; pref., $1,298,500:
parof shares. $50. in year 1903 04, gross, $346,337; net, $37,436; def.
under charges, $49,979.
Grand Island By,- Line of Road St. Joseph,
St. JoMeph
Mo., to Grand Island, Neb., 251 miles. Trackage, St. Joseph to Gower,
66
;
RR.—
r
ham
—
&
Mo. ,20 miles, and Gower to Kansas City, 41 miles.
History.—A reorganization Feb. 23, 1897 (per plan
784,950), of the
St. J.
A Grand
in V. 62, p
Island Railroad, sold in foreclosure
Union Pacific interests are understood to be in control. V. 75, p. 907.
Stock.— Common $4,600,000; 2nd pref. 4 p. c, non cumulative,
$3,500,000; 1st pref., $5,500,000 (see table above); par $100.
Dividends (p. c.) > 1898.
1899.
1900.
1901.
1902. None
3
5
On 1st pref
3
5
5
slnoe.
5
Bonds.—The 1st mort. Interest was 2 p. o. till Jan. 1, 1899; then 3 p.
Bonds for $1,000,000 can be
till Jan. 1, 1902, and thereafter 4 p. 0.
sold only for new mileage at not exceeding $6,000 per mile. Mortgage
is for $5,000,000. See listing in V 64. p. 1138
In May, 1904, $400 000
5 p. c. equip notes were Issued. V. 78, p. 1783. Bills payablo June 30,
1904, $415,000.
& J Clinton, N.Y., by check
Q.-F. N. Y., Gr. Cent. Station.
M. & S.
do
do
6
5 &3ifl A. & O.
do
do
F. & A.
do
6
do
F. & A.
do
do
6
do
do
5 g. A. & O.
do
do
5 g. M. & N.
do
do
5g&7 Various
M. A S.
do
do
7
do
do
4 g. J. & J.
1 in 1903 J. & J.
Company's office.
Jnly,'05,3»e%
J. N. Y., First Nat'l Bank.
1, 1941
1, 1948
1, 1949
1, 1927
Mch. 1, 1920
July 1, 1951
Nov. 1, *05'12
6"4
|
J.
5
1,103,000
1,950,000
9,057,600
4iag.
3,491,200
4,400,000
4 g.
1,350,000
4 g.
500,000
4!fig.
500,000
5 g.
500,000
4 g313,000
4Jflg.
4Ljg.
810,000
120,000
4
255,700
6
1,000,000
4 g.
2,500,000
5 g
1,000,000
4
5,498,500 5 in 1902
4,000,000
4 g.
2S5.000
5 K.
800,000
5 g.
1,000
;
tears Ending June 30.
Gross earnings
Net earnings
Total net Income
375,000
750,000
1,000
road ($202,200 of $214,900 stock owned), 27 miles, and Niagara Falls
Branch RR, 9 m Carth. Watert. & Sack. Harbor, 29 m.; total, 629 m.
Lease.— In 1891 leased during corporate existence and renewals to
N. Y. Central, which assumes the debt and guarantees 5 p. o. on stock;
guaranty, see V. 52, p. 463. Utica <£ Black River is leased In perpetuity,
7 per cent on stock guaranteed.— (V. 72, p. 1238.)
Rutland RR.—Controls Rutland Transit Co.. and operating steamers between Ogdensburg and Chicago, Duluth, etc. Operates passenger trains into Montreal from Noyan Jet. over Quebec Southern and
Canadian Paclho, and to Troy and Albany over Boston & Maine and
N. Y. Central A Hudson River RR. V. 75, p. 1029.
Leased, etc.
Miles.
RR. Lines Owned.
Miles.
Bellow's Falls, Vt., to OgLines to Ticonderoga, etc
18
densburg, N. Y
283
Total operated
415
Rutland, Vt. to Chatham. N.Y.I 14
Owns entire $100,000 stock and $100,000 4 p. o bonds of Rutland &
Noyan RR., entire $1,000,000 stock of Rutland Transit Co. and entire
$300,000 stock of Ogdensburg Terminal Co. V. 75, p. 1029. (V 73.
In Jan.. 1905, the N. Y. Central & Hudson
p. 437; V. 72, p. 88, 822.)
River RR. acquired oontrol. V. 80, p. 223.
Stock.— In Jan., 1905, all but $199,400 common stook had been exchanged for pref ten of common for one of pref V. 72, p. 439.
Dividends ) Year '92 to *95. '96. '97. '98. '99. '00. '01. '02. 1903. None
since
on pref.. i P. C. 4 yearly.
3
1
Accumulated dividends on preferred said to aggregate 130 per oent.
Bonds.— Rutland-Canadian mortgage is for $1,350,000 (see advt. In
Chkonicle of July 15, 18v>9). In 1902 $1,000,000 4>s per cent equip
ment bonds were sold. V. 74, p. 728. Of the amounts shown in the
table above as outstanding there were in the Rutland treasury Jan.
1 1905, $500,000 Chatham & Leb. 4s, $50,000 Ogdensburg Term. 4s.
Earnings.— For 12 months ending June 30
12 mot.
Net.
Olherinc. Charges
Bal.,sur.
Cross.
1904-5
$2,491,686 $888,851 $46,863 $680,598 $2^5,116
1903-4
2,414,451
768,927
678,388
139.602
49,063
Report.— Fiscal year now ends Dec. 31. Report for year 1903-04
.
$345,360
10,000,000
417,800
9,576,000
100,000
175,000
130,000
&
& J.
& J.
M. & N.
M. & 8.
J. & J.
M. & N.
A. & O.
& j.
a.-F.i5
F. & A.
M. & 8.
J. & J.
J.
J.
J. & J.
M. & N
J. & J.
6g. A. & O.
5g. M. & N.
400,000
1,063,000
J.
J.
J.
do
do
Boston, Citv Trust Oo
N. Y., First Nat'l Bank,
do
do
do
do
do
do
do
do
Rutland. Vt., 01. N. Bk
Troy, United Nat. B'nk
r.
&
N. Y., Secur'y
Tr. Co
Boston, Comp'ys Office
New York.
<fc
i
May 15,'05,li4
Sept. 1, 1910
July
Feb.
Feb.
Apr.
May
May
1,
1,
1,
1,
1,
1,
1922
1915
1915
1916
1918
1915
Mar.30'05,3ifl
July
1,
1922
Jan. 15, '03,1%
July
July
July
Nov.
Oot..
1905-17
July. 1916
May
15,'05,1J*
Feb. 1, 1931
Mch.
July
1.
1,
1944
1952
N. Y., Central Trust Co Julyl5,'02,2i«
N. Y.. CentTal Tr. Co.
Jan. 1. 1947
First Tr.& Sav. Bk.Ohio Nv.'05-My,'09
July 1, 1996
N. Y., Secur'y & Tr. Co
Oct. 1, 1996
S. Y. , Colonial Trust Co
Nov. 1, 1910
8t. Louis, Mo
Latest Earnings.— 11 months ending May 31
11 months—
Net.
Cross.
Int., lax., etc. Bal.,sur.
1904 5
$234,536 $40,410
$1,172,472 $274 946
1903-4
385
214,146
214,531
1,219,019
Annual Report.— Fiscal year ends June 30. Report for 1903-04,
with balance sheet, was in V. 79, p. 2201, showing, gross,
$1,314,220; net, $237,575; interest and taxes, $234,473; balance. Burplus, $3,10 2. President, W. T. Van Brunt; Treas., Graham G. Lacy;
Sec'y, Francis W. Russell, 8t. Joseph. Mo..— (V. 79, p. 1462, 2401.)
St. J otteph South Bend A Southern RR.— Owns South Bend,
Ind., to St. Joseph, Mich., 39 miles. Stock, $500,000 common and
$250,000 5 p. c. pref. Leased to Indiana niinois & Iowa RR. for 50
years from Feb. 23, 1900; 5 p. 0. per annum on pref. and 2 p. o. on
oommon are paid Mar. 15 and Sept. 15. On Apr. 14, 1905, operation
was transferred to the Mich. Central V 80, p. 1913. No bonds.— (V.
80, p. 1913.)
St. Lawrence
A Adirondack By.— From Malone, N. Y. (on
Malone) to Adirondack Jot., 56 miles, connecting there with
the Canadian Paci tic at its St. Lawrence River bridge, Montreal. In
Jan., 1905, the N.Y. O. &Hud. Riv. RR. acquired control. V. 80. p. 223
Stock $l,615,00u; par of shares $100. Dividends, 2»a p. o. paid 8ept.
1,1901; in 1902, Maroh, 2»2 p. 0.; In 1903, July, 3 p. c. Current
liabilities Mar. 31, 1905, $58,061; equipment trusts, $37,625.
Earnings —For 9 months ending Mar. 31
Net.
9 »i-.«.
Gross
other inc.
Charges. Bal.,sur.
1904-5
$229,695 $110,569
$77,116
$34,158
$705
1903-4
200.333
378
78,262
9,545
87,429
In 1903-4, gross, $266,990; net, $111,211; other inoome, $658;
charges, $103,334; bal., sur., $8,535.
In 1902-3, gross, $269,697;
net, $153,607. President, W. H. Newman.— (V. 80, p. 223.)
Mohawk
A-
Lou la
Mexico
It y.— Owns Brownsville,
northerly to Slnton. 184 miles,
operated July, 1905; branch from Harlingen to Fordyoe. 56 miles, was
opened in Dec, 1904. Extension is under construction from Robstown
to Bay City, 142 miles; extension is proposed to San Antonio also
branches from Bay Olty to Houston and from Chenango to Galveston, 260 miles. See V. 77, p. 350; V. 79, p 1024. V. 80. p. 652. B. F.
Yoakum of St. Louis and San Francisco and associates are in control.
In July, 19'5, the Rio Grande RR., Brownsville, Tex., to Port Isabel,
14 miles was acquired bv the same interests. V. 81, p. 265
Stook authorized, $3,850,000; outstanding March, 1905, $1,221,500.
Bonds are issuable at $7,500 per mile; V. 80. p. 1236. Pres., B. F.
Yoakum; 8ec, H. W. Adams; Vice Prest., R. I. Kleberg; 2d Vice Prest.
and Gen. Mgr., Jell N. Miller, KingbvlUe, Tsxas.- ( V. 81, p. 265.)
St.
iiriiu'iikvllic
A-
Tex, on Mexican boundary
line
RR.—
&
&
St. Lou in
Ohio RR.— (V. 70, p. 532.)
Cairo
See Mobile
St. l.o.ils i;i Reno A Weatern Ry.— Guthrie to El Reno. O. T.,
42 miles, opened in June, 1904. Extension is prop.>s id from Guthrie
to Peru Jet.. Kan., 120 miles, and from El Reno to a point near Hobart,
75 miles. Stock, $1,'Z40, 000 Bonds are subjuct to oall at 102 *« on any
Interest day, beginning July 1, 1913, or at any time at par if an extension is arranged at a lower rate of interest. V. 77, p. 350. President,
J C Van Riper, East St. Louis, 111.; Treas., R. L. Rinaman; Secretary,
Lew is T. Tune —(V. 77, p. 350.)
St. Louis Iron Uli. A South. Ry.— See Mo. Pac. Rt. System.
Forest Park (St.
St. LouIm Kansas City A Colorado
Louis) to Kansas City, Mo., 291 in branch, 1*4 m.; trackage. Forest Park
to Union Station, St. Louis, 4 m. In May. 1902, the Chic. R. Is.
Pao.
Ry acquired the road. V. 76, p. Ift9; V. 74, p. 938; V. 75, p 136, 794;
V. 78. p. 768. Stock authorized, $20,000,000; outstanding Feb., 1905,
$3,644,800; par, $100. Pres., B. L. Winchell, Chloago. -(V. 75, p. 794.)
Southeastern
Extends from St.
St. Loula ITIemi»hla
San Fran. RR., to Luxora,
Louis, at a connection with the St. Louis
Arlc, 2 12 miles; Cape Girardeau, Mo., southerly to Leeoliville, Ark.,
118 miles; branches, 32 1 miles; total mileage owned, 681 miles. Stock,
8au Francisco.
$18,500,000, all owned by the 8t. Louis
BoNus.»-The 4>48 of 1904, guaranteed principal and interest by
San Frauoisco ($16,000,000 authorized), Issued
the 8t. Louis
per plan V. 7 h, \>. 1908, aie a nret lieu on 681 miles of road, and
further secured Dy a five-year tratlio agreement with the St. Louis
are
RR.—
;
A
&
&
RR.—
&
&
&
San Francisco and Chicago
& Eastern
IllluoR
Old non
is
outstand
lug additional to th.S' weiolu July 1904; $60,000 St. Loais Kennett
A Southern 6s, due Sept. 1, 192 1; $54,000 Pemii-cot Railroad 6s. due
Oct. 1, 1914; $65,000 Keuuett <fc Osceola 5s, due June 1,1917; $20,Ark 5s, due 1939: other bonds etc.. assumed, $14,300
000 So. Mo
E 1st 4s, 19">2, $393,000.
toUl, $213,300. St. L. M.
Officers.— President, A. J. Davidson; Vloe- President and General
Manager, R. R. Hammond.— (V. 75, p. 291, 1088 1148.)
St. LouIm ;m<t< hiiiiin' Bridge Terminal Ry.— Organize
tion. -Double-track road from near Union Depot, via Main Street, Hall
Street, <fcc, to Ferry Street, opposite the Merohants' Bridge, 7 miles. It
owns and controls the Madison 111. & 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.
As to litigation, V. 77, p 299, 512; V. 81. p 32.
Stook authorized, $3,500,000; Issued to Jan. 1, 1904, $2,939,500;
par. $100. On Deo. 31, 1904, there was due to Terminal RR. of St. L.
$l,20a,489 for advances under Its guaranty. In Nov., 1893, Terminal
RR. Association of St. Louis guaranteed by endorsement the principal and Interest of its $3,500,000 nrst mort. bonds and the interest on
&
&S
—
.
.
RAILWAY STOCKS AND BONDS.
July, 1905.
|
RAILROADS.
F
r
Miles
explanation of column headings, &c, see notes
on
first
page of
Date
Size, or
of
of
Par
of
Term. RR.
Reno
M—
42
674
Term.—
Meroh.B'ge 1st M., red. aft. Feb. 1, 1909, at 1 lO.SSt
126
Bt. L. <t No. Ark.— 1st M., g., $25,000 p. m. text. Us
JSt. L. Rocky Mi. dt Pac.— 1st M., $15 000,(0 J auth.
St. Louis X San Fran.— Com. stock, $64,000,000 l,69i
1st pref. stock, 4 per cent, non-oum., $5,000,000 1,691
1,691
2dpf. stk. 4% n.-ou. $3 1,000,000
K.C.F. S. & M. pref. stock tr. ctfs., $15,000.000,gu
O. & E. I. com. stk. tr. ofs., ) payable at 250. < ol.
guar., gold, redeemable. \ payable at par Col
Pref stk.tr.cert.,$6,830,700, g.,gu.,red.l50.Col
o'&r 2,589
Refunding mort., gold, $85,000,000.
Mo
&
8. E. stk..
Coll. tr. notes, red. sec. by St. L M.
Col. tr. notes (St. L. S. F. &N. O.), g. red.par.Ta
W. $4,500,000 auth.red.par
Notes for Ark. Val
Bonds underlying refunding 48.
O, gold
2d mortgage (now 1st), Series A, B
Mo.<fe W. Div. 1st M., g.,$5,000yearly dr.at 105 .o*
San F. col.trust gold, s. f not drawn .Us.o"
St. L.
&
&
.
.
Gen.M.,g.(l8ton 365 m.)$3,681,000 are 6s. Use*
o*
Collat. Trust mort. on branches, gold .V n
Consol. mort., $50,000,000, gold, no option.Me
Dlv. M. $1.500,000 red. at par, g.Ceo"
Southwest
Cent. Dlv. 1 st M., g, $3.462,000, red. at IOZVn.o*
o*
Northwestern Division mortgage. N
o*
8t.L.Wioh.&W. 1st M.. red. at 105, gold
F.Worth & R. Gr. 1st M., g., old 5s, int. red.Ce.o*
Bir. Belt istM., g., red lo2i«,gu.p.<fci.end.OH.o"
- in Oot., 1904, $20,000 Southern Missouri &
a Exclusive of $200,000 additional deposited
—
$2,000,000 Merchants' Bridge 6s.
years at 110 and interest.
222
1903 $1,000
1904
1890 500 &0
1889
1,000
1900
1,000
1905
100
100
100
100
100
100
1901 l.OOO&c
1904
1,000
1903
1,000
1905
bal., sur.,
RR.—
&
Pacific Co.— (See Map.)—Owns in fee
St. L>ouls Rocky Mt.
189,400 acres of coal lands and coal rights and surface necessary for
mining in 314,300 aores near Raton, Colfax Co., N. M. It is proposed
to build a railroad from Des Moines. N. M., on the Colorado Southern,
to extend westerly to Raton and thence southwest to Cimarron to
the Ellzabethtown mining district, a total of about 120 miles. Stook
authorized, common, $10 000,000; pref (as to assets and dividends),
5 p. 1*. non cum $1,000,000. See full statement, V. 81, p. 265. Fisk
A, RobiDSon financed the enterprise.
Bonds.— The bonds ($15,000,000 authorized issue) will be seoured
by a first lien on the entire coal property and by $3,500 000 each (entire issues) of stock and bonds of St.Louis Rocfey MountainJA Pac RR.
Of the bonds, $3,000 000 will be issued to acquire the coal iropertles,
$300,000 to improve them and $3,500,000 to build and equip the 120
miles of road The remainder will be reserved for future requiremests. V. 81, p. 156. President, Henry Koehler Jr., St Louis, Mo. —
(V. 81, p. 156, 265.)
,
&. San Francisco RR.— (See Map.)— Road.— As
shown by the map, the system embraoes: fiSee this Co.
Miles.
Lines owned —
lrackage—
543 Knoohe Jet. to Kansas City..
4
St. Louls,Mo.,toOkla..O. T.
Springfield, Mo., to Knoohe
Leasedand controlled by stock—
189
Jot. (Kan. City), Mo
Monett, Mo., to Red River..
286 K C. Ft. S. & M. and trackage. TF871
Oklahoma, O. T., to Red Riv. 175 Kan. City Mem. & Birm
286
Louie
Sapulpa, Ind. T., to Denison,
Operated indevendently — Miles.
Fort Worth & Rio Grande.... 196
worth. Kan
323 St. L. San. Fran. & Tex Ry..
(incl. 31m. track to Fort
Hope, Ark., to Ardmore. I. T 224
Beaumont, Kan., to Red River 318
Worth)
142
Fayetteville, Ark., to OkmulSt. Louis Memphis & S. E...
681
144 Chicago & Eastern Illinois. .. 1T840
gee, I. T.
Tulsa, I. T., to Avard. O. T
175
Total Oct. 31, '04, (ineludBranches in Missouri. Kanlng 151 miles trackage) .5,870
281 Birm Belt RR. (V.75,p.ll48)
sas and Arkansas, etc
Id
Also owns jointly with Atch the Kan. So Western Ry., 59 miles.
The new north- and south trunk line to New Orleans opened in Jan.,
1905, includes Chicago & Eastern Illinois, St. Louis Memphis &
Southeastern, St. Louis & Gulf and St Louis San Francisco & New
Orleans, thence reaching New Orleans by Mobile & Ohio, New Orleans
and Illinois Central trackage V. 77, p. 38, 148; V. 76, p 1144;
<fe N. E
V. 77, p. 239i; V. 78, p. 49; V. 79, p. 152.
Organization— Organized June 30, 1896, to suooeed to the property
and franchises of the Railway company sold in foreclosure and reor.
per plan in V. 62, p. 829 and 1140 see also p. 742. The system, then
aigr> gating about 1,500 miles, has since been increased to its present
dimensions by the construction or purchase of numerous lines and the
acquisition of a controlling interest in various others, as stated below.
In May, 1903, the Rock Island Co. acquired $27,988,3o0 of the $30,808,000 common stock, thelatter receiving (per $100) $60 in common
stock of the Rock Island Co. and $60 in 5 per cent gold bonds of 1913.
of the Chicago Rock Island & Pacific BR. See those companies, V. 76
p. 1086, 1249.
In 1902 Birmingham BeltRR. (V. 75, p. 1148,) 16 m. of track around
Birmingham, Aia., was purchased; also the St. Louis San Fran. & New
Orleans Ry, Hope Ark., to Ardmore, Ind. Ter 224 miles, completed
in Jan., 1904. V. 74. p 1197; V. 75, p 75, 343. An extension was
built from St. Louis to Shelbyville, 111., 95 miles, at a connection with
the Chic. & East. Illinois. V. 75, p. 291.
The entire stoc-k of the St. Louis Memphis & Southeastern RR. was
acquired in Nov., 1902. See separate statement and V. 75, p 1087,1148.
The Arkansas Valley & Western RR., Red Fork to Avard, Okla., 175
miles, has been operated from Mar. 1, 1904. V. 78, p. 49, 1168. Houston
Beaumont & Northern, V. 78, i>. 49, 1392.
The New Orleans Terminal Co. was organized jointly by the St.
Louis & San Francisco and Southern Ry. systems, and issued 4 p. 0.
gold bonds (present amount $3,000,000), which are guaranteed jointly
by the St. L. & S. F. and the Southern Ry. V. 77, p. 38; V. 76. p. 1144.
In May, 1901, acquired over 90 per cent of the r stook of the Ft.
Worth & Rio Grande Ry., Fort Worth to Brownwood, Tex.. 146 m.;
an extension, Brownwood to Br<*dy, 49 miles, was completed Mar.,
1904. Kansas City Fort Scott <fe Memphis and Chicago & Eastern
Ulinos, see "Stock Trust Certificates" below.
Tex
Peirce"
193
Clty'.'Mo.," to
"
Ells-
-
.
.
—
,
g. J.
4,000,000
41q
F.
&
M.
& N.
& A.
& A.
& J.
& O.
& J.
&o.
& O.
& O.
& S.
& J.
& O
F.
A.
A.
M.
J.
A.
eposited
Dividend.
N.Y.&Ea«tSt.LouiB,Ill.
N.Y.,N.Y.8eo.<feTr Co.
N.Y.,F'rsL.&Tr. ASt.L.
July
Farm. L. &Tr. Co
N.Y.,Un.Tr.,andSt. L
Feb.
Jan.
June
Oot.
N. Y.,
1,
1,
1,
1.
1.
1953
1909
1930
1929
1941
1955
Checks mailed.
do
N. Y. Mero. Trust Co.
Checks mailed.
do
do
do
do
N Y.. Morton Tr. Co.
July 1,*05,1%
Junel.'05, 1%
July 1, '05,1%
July 1, 1942
July
July
July
Deo.
do
1942
1942
1951
1906
1908
1912
1906
1919
1920
1931
1987
1996
1947
1929
1930
1919
1928
1922
Deo.
Feb.
Nov.
Aug.
Aug.
July
N. Y., Mercantile Trust,
do
do
N. Y., United States Tr.
N. Y., Mercantile Trust.
N. Y., Union Trust Co.
N. Y, Mercantile Trust.
N. Y., Mercantile Tr. Co.
do
do
do
do
do
do
N. Y., H.B.Hollins & Co.
{.
1,
1,
I,
1,
1,
1,
1,
1,
1,
Oot. 1,
July 1,
Oot. 1,
Apr. 1.
Apr. 1,
Sept. 1,
July 1,
Oot. 1,
New York.
D.
A.
4*3
-
20
&
6.89S032
-
gross, $1,520,238; net, $740,878; charges,
323,408. -(V. 81, p. 32.)
Sellgman, Mo., connecting
North Arkansas
St. Louis
with the St. Louis & San Francisco Ry., to Leslie, Ark., 128*3 miles.
In July, 190% the Southern Ry., Incorporated in December, 1902,
•with $3,000,000 capital stock, by the same Interests, proposed to
build an extension from Leslie south to Little Rock, Ark., 120 miles.
Successor by purchase Feb. 1, 1900, to Eureka Springs Railway.
The first mortgage of 1900 was to secure $3,212,500 5 p. o. gold
bonds on entire proposed line of 128% miles, at $25,000 per mile,
per plan V. 69. p. 645. 8took, $1,712,500; par, $100. For year ending
June30. 1904, grosf, $307,690; net, $129,856; other income, $3,17i;
Pres., John Soullin,
Int.. $137,181; taxes, $6,336; bal., def , *10,496.
St. Louis; Sec, W. B. Roberts, Eureka Springs.— (V. 73. p. 900.
St.
$1,240,000
4 g. J. & J
4*2 g. J. & D
15,424,980
3,500,000
5 g- A. & O.
F. & A
6
2,000,000
5 g. J. & J
3,065,500
Pee text.
5 g.
29,000,000
..„..
Q.-J.
5,000,000
16,000,000 4 In 1904 Q.-M.
J.
13,510,000
4 g.
10 g. .1. & j.
See text.
j. & j
4
See text.
Q.-J.
6.211,700
4 g. J. & J.
a60,104,000
5,000,000
»g- J. & D.
1876 100 &o.
2,050,300
£«•
1.000
129,000
6 g.
1879
1880
1,000
195,000
6g.
1881
1,000
9,484,000 5& 6g.
439,000
1887
1,000
5 g.
2,393 1896
1,558,000
1,000
i g
112 1897
1,000
829,000
g
A
103 1899
1.000
145,000
106 1900 500 &C.
47,000
4 g.
145 1879
304,000
1,000
6g.
146 1888
2,923,000
1,000
16 1902
1.000,000
1,000
4 g.
Arkan sas bo nds wer e outstandm g.
In spe oial tr usts. Fo r underlying bonds d
call after
Whom.
Payable
Cent.
294
82
101
986
64
The 6a are subject to
&
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable and by Stocks—Last
q—
1,000
Earnings.—Year 1904,
$417,470;
Outstanding
Road Bonds Value.
tables.
St Louis.
Ass'n
gi. Louis Bridge
See
<t TT.-lst M.,$l,240,000,g.,red.text
St. X. Ml
1st M., $16,000,000, g., p.& i.red.N
St. L. M. dh S.
1st M., gu.p.&l., g.SSt.c
St. Louis Merch. Br.
&
Amount
411
Y,Meroant.
Tr. Co.
I,
as security, see text.
Stock.— Common stock issued, $30,808,000, of whioh $1,808,000 in
Apr., 1904, held in treasury. The company reserve the right at any
time to redeem either or both classes of pref. stock at par in cash.
Provisions of pref. certificates were in Supplement of Apr.. 1897, p. 6.
Dividends.— 1897 1898. '99. '00. '01. '02. '03 '04
1905
2 p. ct.
4 per cent per annum.
4 (9mos.,)3
First pref
4
4
Second pref
1 p. ot. 2
2
4 (6mos.,)2
3Vj
Stock Trust Certificates.— Kansas City Ft. Scott & Memphis Ry.,
Kansas City to Memphis, Tenn., with branches, 871 miles,
was acquired in 1901; its entire stock is owned and road leased for
interest on bonds and 4 p. c. on pref. stock trust certificates (see above
table), the new refunding bonds being guaranteed, prin. and interest.
See K. C. Fort Scott & Mem. in this Supplement and V. 72, p. 438,
'
•
532 581 1238
In Jan., '905,
all
oommon and $6,211,700
of the $7,217,800
&
East. Illinois RR. stook had been
of the $8,830,700 pref erred Chioago
acquired, the St. L.
8. F. giving in exchange itc stook trust certificates
at the rate of $100 for each $100 share upon whioh 10 and 6 p.o. divs.,
respectively, are paid.
The stock trust certificates so issued were
based upon the deposit of shares of stook of $100 par value each, but
&
were redeemable on or before Oct 1, 1942, at the rate of $250 for
each share of common and $150 for each share of pr>fdrred. In 1905
the holders of a majority of the common stook trust certificates preferring to have a security redeemable at par instead of at the rate of
$250, exchanged their certificates for a ne tr for ja in tne denomination of $1,000 eaoh, representing the deposit of four shares of stock.
Interest on these latter certificates is payable at the rate of 4 p. c. per
annum. 80 chat both the inoome and principal are unchanged—only
the form of security being chaDged. (8ee form v. 80, p, 1*57). See
Chicago & East. Hli. on a preceding page and V. 75, p. 291, 393, 1031.
Bonds—Consol. mortgage of 1896, see abstract In V. 64, p. 186.
REFUNDING 4 PER CENTS OF 1901, $85,000,000 AUTHORIZED.
The refunding 4s are issuable and issued as follows (V. 77, p. 2391)
Authorized
1.
2.
3.
To
Issued.
underlying bonds
$62,500,000 *$42,62 4,600
For improvements, betterm'ts, new equipment, etc., at $1,000,000 per year
6,00.000
5 000,000
Adaitional lines, extens'ns, etc., at oost xl6,500,000
12,604,900
retire
.
$85,000,000 1$60,229,000
Total..
To retire $36,946,700 underlying bonds mentioned below
x At not exceeding $32.oo oer mile (incl, underlying liens)
*
i
exceeding $22. no per mile
t Includes
:
(incl.
$125,0o0 In trust
underlying Hens)
$12,0' '0,0
for Northwestern Division
$4,500,030; at not
i0.
improvement fund.
The underlying bonds which have been deposited as security under
the refunding mortgage, and whioh are therefore kept alive, are:
A. B. & C. 8s of 1906. ...
$671,000
$3,589,700 Southwest. Div. 5s
Mo. * W. Div. 68
866! 00 Cent. Div. 4s
1,817,000
1,696,000 St. L. Okla. & 8o. 4s (all)
4,660,000
St. L. Won. &West.6g
Trust 6s of 1880
7*1,000 Kansas City Div. 4s (all)
8,824,000
Kt. Smith* Van Bur. Br. 6b..
157,000
do
do
976,000
3s (all)
Gen. mort. 6» of 1881.
4,126,000 Northwest. Div. 4s
1,258,000
do
5s
6,484,000 Consol. 4s
6,983,000
Trust 5s of 1887
660,000
There have also been acquired and deposited under the refunding
mortgage the following stocks and 4 p. o. bonds, representing new extensions (being the entire issues on account thereof), the latter aggregating 651-13 miles. (As to location, see V. 77, p 1538, 1537).
vameofroadOklahoma City & Western RR
Oklahoma City & Texas RR
Ft. Worth & Rio Grande Ry
Miles.
174 85
Stock.
$5,0. '0,000
8-68
50,000
49-72
Sulphur Springs Ry
8-72
Blaofewell Enid & Southwestern Ry.. 238-67
12-75
Blaekwell Enid & Texas Ry
Red River Texas & Southern Ry
57-74
114,001,600
Bonds.
$4,023,000
200.000
500,000
20.000
400,000
§994,000
174,000
4,500.000
173,000
815,000
Brownwood to
§ Issued ior extension from
IT Substantially the entire issue.
Brady, Tex. (entire amount); total length of road, 195 88 miles, balance of
issue. *2 w23,'i00, being in hands of puolic.
Ozark
Cherokee Central and St. Louis Memphis
8. E. guaranteed
bonds, see V. 78, p. 2335, 1908; also those companies.
&
&
COLLATERAL TRUST GOLD NOTES.
413 per cent gold notes of Deo. 1903,
$7,125,000 are Issuable, per plan V. 77, p. 2281, to acquire the entire ($1,060,000) outstanding preferred stoos of the St Louis San
Francisco & New Orleans RR., extending from Hope, Ark., to Ardmore, I. T 224 miles with proposed Platte out off, 9 miles, and the
St. Louis & San Francisco New Orleans extension collateral trust 4s,
the latter being secured by all the issued first mortgage bonds ($6,487,000) and all the $6,0-21,000 outsranding common stook of the St. L.
S. P. & N. O. RR.
The gold notes issued are thus virtually seoured by
a first lien on the St L S. F. & N. O. RR. The remaining $4,0 15,000
notes are reserved against deposit of additional extension bonds hereafter issued in proportion of $900 notes to $1,00 J extension bonds.
amounts of not less than
The notep ar« subject to call as a whole or
Of the $9,1 60,000 of 5-year
,
m
$250,000 on 30-days' notice.
The collateral trust 213-year notes due Deo. 1, 1906 ($5 000,000
authorized issue) a^e seoured by deposit of theenti a ($18,500,000) St.
Louis Memphis & Southeastern and St. Louis & Gulf soos. They are
subject to o*ll at par. V. 78, p. 1908. 2335; V. 79, p. 2748.
The 4ig percent notes of 1905 ($4,500,000 authorized issue) are
Western bonds
secured by the entire $4,500,000 Arkansas Valley
&
412
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
M Greeu
LaCrosse-
Lamed^^
«T\ \
''Sl^L^
S&jybW' <A>--i:-n^!
4
^^S^^j^/^l^^ vA^^T^ 101
Bend
"* 1106
nuU-hlns^>ivS^^S5^7
/
JX
MadLion&T
<^\
'^nS/^Er'vor'-r-^' S>»
Staffed.
or,a
'i
l3uiT»ictou
una
>fC
P&&°
Sk-JT
Imj
lCl"
, rr
^
wyttNgirra >
*$ lAll-rdc
Wenid»
Minte.\y.)
Parson
""Ufa
*j>
4
C61umt»u3
EHzabetl
LewU\illo
\ #*^»'i*,^-fiitj>l,a»aiit
Warl-on
-^y,
TEXARKAj,
\
llarabprgo
P.
StarjU
BlodTnburg
Cargile
J Ml(J
Portland
f\«fO'l>li'"'"*H
Farmorvillo
"°" V
R uston
_
mreveport fitbatand °
Mo7^7~^5!i*
i
VlScbol
8opoba
<£
/ V.
Canton
VXColllos - \\ 1
SulojJ" ^y
/X \
Philadelphia '
"°A
Hickory
TolluJag
Croa»Pl»ta»
oubu-uCL_
—-
Coleman
Rowena
-
^;, ,/
.
-^ajaJi)
Mullin
Crawford lo '\Jy*co
MO OnEGOol"^
SHA
a
*
Lamp»j»3>a71 P«ndl't"n J/
^B^fTcMPLtJ/
LjfTtMPLtJ!/
\
'o
"
S«nSib»
^1%
irrSTU
KogryV
/
iJ^JentjSONO
/
jftlcfrKert
/
'rfV
b
Tiinpson
^X
\
H.tnpbl.A
O
I
'
ColiAeanell
f^
I
)''
Forest Ulli
{Hornbook
r.
FaU,^\?>^TV«;\ %^^
Marble'
j-lKerrrlllf
I
''*
B
Bn City\
'
DeQulnc/y/
*T\jp%l?
V^T^f^^ *«\ll
/V
I
I
Cy
/_
I
^
If
t)
/V^W^S^Hl l!|Woo« V.
\_
\l£
P
KChencyvQ
[
"\
\
ElilavllW
Waynesboro
l
Knoxvlllo|
V
ija^lCBburgy^
^ MugnoU:
o
N
OSIaughtor
lopelJu\\lj BATON
1
^YIIrOUOB
,j)
^I L
\Covln?ton
\
*
op I'M* ill*
\
i
?.ob
.«''
Z ...^ «
in.
V^
^>N>/pearlE. I?
/i»* t
^V ^^^^^i.
WV^V" *
-A^S
/I
\Columbia>
\
Devlns
Vel
^Ictorla
jfCotuIla
„_^
?
TwoLIg^
^•V
TYMovlIla
Afkldaiore^
TadeaSC^S.
^
ftANCISCO
V*
AND CONNECTING LINES.
1
McI1 ""J(
,,
^ ^'coniaTtV^Shi!!i>-^
•
/Ue\lelb5rs
(Brookljav
oClluton
^
I
/\
P Hlnlehurat
/
.
If
G> enteJiprise
Raleigh
Buckatuona
^exaadrla\
I
Cy.,
fj($
NJ
\
/
pUrrlstou
i^iTNatcHel
/
^^
i:'/iS^[
u,,u
CoocoVdla,--VK\Vf
BUcllE:'V
\_V
iPlorlen
\2
J
IJaoo
.1 %
\
C3
/ ^-~"v
Icorrlean/>«„n.»*
CoirlgmnJ
Oakland
I
\
\ldany
H
laylon
r
1
>2
^yatthUochM
o|
)
% Y'^^
¥ A
A
~l/...-.
ioONt
VI
BacUioiul
Muofclt)%
V?\o
ttjlnnsboru
CajiKvllid
YT-lllestlm
fMexIa
7CroesUe«ck
^\^C^^S^/M^Y
o^,
WT
lMv*\
)£
"••"<H.,T)i\Hili;bor/l Rlch ,C (,
CJJ/*- | \i
/ *l
\
t^a^Comancha
^
HoX'*'^* \/—
V^V
—
-"^j^nsiCANA
Forest
»>*
Boscov
r'",rt
-v
OX
klOB^
N
o
.
July,
:
RAILWAY STOCKS AND BONDS.
1905.J
RAILROADS.
Miles
Date
Size, or
Bonds— PrinolINTEREST OR DIVIDENDS.
pal.When Due.
per When Where Payable, and by Stocks— Last
Amount
Rate
Par
of
For explanation of column headings, Ac, see notes of
Road Bonds Value. Outstanding Cent.
on first page of tables.
St. Louis A San Francisco— (Concluded) —
Ft.8.&V.B.BridgelstM.,g.,dr.atl05,guar.p.&i.c'
Chicago & Eastern Illinois and Kan. Olty Fort
Equipment notes, payable
1885 $1,000
Soott
(V. 73, p. 1314.)
s. a.
....
g., ser. B., red. par., $62,000 due s.a
do
do g., ser. O, due $50,000 seml-ann'ly
do
do gold, ser. E, $12,188 monthly
do
do g., ser. F, due $58,000 quarterly.
St. Lou. SoHlhw.—lstM. otfs.,$16,500 p. m., g.Ce.o* 1,223
Equip, notes,
2dM. 4%
Ino., $10.000,000,non-oum.,KOld.]Ue.o* L.223
1st oonsol. mortgage, $25,000,000, gold. B.o**r. 1,271
16
Gray's Pt. Termyl, 1st M., gu., p.&i.e.g.SSt.o&r
SI. LouU Troy A Eastern.— 1st
$509,000...
St. L. Walk. <£ Gulf-lBt M., $1,225,000, g. & £.F.
101
St. Paul Eastern Or. Trunk— 1st M., g., Int. guar.o*
56
St. Paul Union Dipot—1st M., g., Int. as rental
Consol. M., gold ($100,000 are 4s), Int. as rental
Salt Lake dt Los Angeles— 1st mort., gold.JYJo. c
15
Salt Lake d Mercur—lBt mort.. $300,000, gold.B. 12ia
M
Ban Antonio
dt
AC
,
Aransas Pass— Stock
1st M., $21,600,000
g.,
guar. p.
&
1901 5.000&C
1902 4,000&o
1902
1903
1903
1890
1.000
1891 500 Ac.
1902
1,000
1897
1,000
1904,
1902
1883
1880
1894
1893
1898
1.
(end.).Ce.O*<fcr
j>an Fran, dt No. Pacific—1st M., gold, s. l.Me.o*4r
Cal. Northw., 1st M., $2,000,000, g., gu.p.<fei.,s.f.
San Fran, dt San Joaquin Tat.—See Atch. Top. &
San Ped. Los An. dt S Lake—1st M., $50.000,000,g.
723
25
....
165
60
B.
1893
1,000
1888 500 &o.
1904
1,000
1889
1,000
1898
1,000
117
198
198
M
Div. on C.
& E.
111.
Total net inoome
Deduct—Interest on b'nds
Rentals of leased lines.
Taxes
Miscellaneous
Improvements, eto
Div.C.&E.I. stk. tr. otf s.
Dividend on 1st pref....
Dividend on 2d pref
1902.
3,252
$21,620,882
8,148,410
197,162
$10,023,592
$9,156,837
4,326,414
3,530,437
2,831,891
2,780,865
464,800
382,820
93,613
98,774
78,534
889,222
964,702
(4%) 199,742 (4<X) 199,742
(4%) 640,000 (4%) 640,000
$8,345,572
3,191,720
2,434,069
360,759
81,546
(4%) 199,742
(49t)
605,539
Balanoe, surplus
x$423,896
$634,975
$1,472,197
this surplus add surplus for year of Chi. & East. 111. (after payment of dividends) viz., $757,952; deduct Ch. & E. 111. betterments,
$400,121; net, $357,831. Total surplus of system, after betterments,
$781,727; before betterments, $1,198,567.
Officers— Chairman of Board, D. G. Reid; President, A. J. Davidson; 1st Vioe-Pres., Robert Mather; Secretary and Treas., Frank H.
Hamilton; Comptroller, C. W. Hillard. N. Y. office, 71 Broadway.
Directors— (Sept., 1904,) B. F. Yoakum, D. G. Reid, F. L Hine,
W. H. Moore, W. B. Leeds and J. H. Moore of New York; Nathaniel
Thayer, Benj. P. Cheney of Boston, Mass.; H. C. Pierce, A. J.
Davidson, James Campbell and W. K. Bixby, St. Louis. Executive
Committee, B. F. Yoakum (Chairman), James Campbell, William B.
Leeds, James H. Moore, William H. Moore and Daniel G. Reid — (V.
80, p. 1112, 1363, 1424, 1729, 1857, 2400; V. 81, p. 266.)
r
x To
Louie San Francisco & Texas Ry.— (V. 79, p. 2148.)
Louis Southwestern Ry, — (See Map.) — Embraces:
ST. LOUIS SOUTHWESTERN RY CO.
ST. LOUIS SOUTHW. RT. CO. OF TEX.
St.
St.
Main Ltne— Cairo to Texarkana.
New Madrid Branch
Grays Point Branch
Stuttgart Branch
Little
Rock Branch
Shreveport Branch
419'0
6"2
fl"
-
7
31-8
444
6P2
M»inLlne— TexarkanatoGatesv.304'9
97*2
Fort Worth Branch
Dallas Branch
June, 1905-'ll
Feb '06-Ag.'12
13'7
Sherman Branch
1099
Hillsboro Branch
Lufkin Branch
110 9
40*0
-
Total of all operated mileage June 80, I80i
1,308 9
Also has St. Louis Iron Mountain & Southern traokage, not included
in operating accounts, viz.: Thebes, 111., to E. St. Louis, 126 miles; St.
Louis to Bismarck, Mo.. 754 miles; Bismarck, Mo , to Delta, 74 miles;
Memphis, Tenn., to Fair Oaks, Ark,, 60 miles, making the total lines
L,644"3 miles. Also the right to run passenger trains between Ft.
Worth and Dallas over Texas & Pacific, 32 miles. V. 77, p. 90. Of the
1,303 miles, 9 are laid with 85-lb , 615 with 75-lb., 30 with 70-lb., 440
with 56 lb. and rest with 35 and 60-lb. steel rails.
Organization.—Reorganizatlonper plan in V. 50, p. 141, 561, of St.
Louis Arkansas & Texas, sold in foreclosure in October, 1890.
Stock.— Stock issued, common, $16,500,000; authorized amount increased in 1902 to $35,000,000; pref., 5 p. c. non-cum., *20,000,000,
of which in treasury June 30, 1904, common, $143,900; preferred,
$106,350. Par of shares, $100.
Bonds.—The first mortgage certificates are issued against a like
amount of first mortgage bonds secured upon the constituent lines at
a rate not exceeding $16,500 per mile, and the second mortgage certificates against second mortgage bonds at $8,250 per mile.
The first consols of 1902 (authorized issue $25,000,000), are secured
by all the property of the company, subject to the prior outstanding
bonds. Of the amount $6,000,000 were issued to retire $1,700,000
equipment bonds and other capital requirements; $9,000,000 were
reserved to retire by exchange the $10,000,000 second mortgage
Inoome bonds (of which $6,739,500 had been acquired in July, 1904),
and the remaining $10,000,000 for the acquisition of branch lines at
not over $20,000 per mile, aoquisitions and improvements. (V. 75, p.
136.) See V. 74, p. 328, 578, 630, 831; V. 75, p. 790; V. 77, p 2160;
V. 79, p. 2148; V. 80, p. 473, 872. Equipment trust notes in hands of
public June 30. 1904, $2,114,386.
Gray's Point Terminal guaranty in V. 69, p. 1062. St. L. So. W. owns
all stock and leases road for fifty years.
(V. 65, p. 413.)
A
&
&
-
1
900,000
1904.
1903.
4,217
3,675
$26,896,731 $24,289,510
9,140,479
8,413,533
59,695
136,170
823,418
607,132
stock.
Apr. 1, 1910
J.
380.000
500,000
983,360
1,120,000
250,000
250,000 4g.&5g. M. & N. Northwestern Trust Co.
Salt Lake City.
300,000
J. & J.
t g M. & N.
2S0,000
5 g
1,000,000
17,544,000
4 g. J. &"j. N. Y., Cent. Trust Co.
550,000
6g J. & J. 1 per cent pd. in 1901-2
N'ne Oct. '04
M. & S. Los Angeles and N. Y.
5
3,903,000
5g. J. & J. N.Y.,25 Broad, &Fr*k'ft
990,000
5g- A. & O. San Fran. & New York.
1.000
editorial, p. 1928.
Gross earnings
Net earnings
Other inoome
1,151,775
1,218,000
20,000,000
3,260,500
16,678,000
See text.
2,500,000
4,940,000
2,964,000
375,000
$2,690,000 notes payable.
Latest Earns.— 11 mos., > 1904-5.Gross,$35,319,480; net,$11.291,634
July 1 to May 31.
$ 1903-4.Gross, 32,874,767; net, 10,500,388
Road operated 5,955 average miles in 1904-5, against 5,083 in 1903-4.
For 8 month? ending Feb. 28, 1905, net (above taxes), $8,831,474,
against $8,132,645 in 1903-4; other income, $34,297; charges and betterments, $7,805,226; bal., sur., $1,060,545.
Annual Report.— Report for the year ending June 30, 1904, showing operations of system, comparison being made with same lines for
preceding year, was given at length in V. 79, p. 1951, 1966; see also
Tear ended June 30—
Average miles
O. N. Y., Meroant. Tr. Co.
4
4
852,000
868,000
700,000
1,000
1,000
1,000
1,000
and $4,500, 000 stock. Of the notes, $4,000,000 were sold, $500,000
balance be ing reserved until that amount is expended on Ark. V. & W.
V. *0, p. 601. There were also outstanding on June 30, 1904,
$3,500,000 five per cent notes due on or before April 30, 1906, and
&
Dividend.
D.
N. Y., Blair & Co.
F. & A. N.Y., R. Winthrop &Co.
do
4 g- M. & N.
do
5 g« M'nthly 8t L, Am. Car & F. Co.
N. Y., Blair
Co.
5 g- J. & J.
4 g- M. & N. N. Y, Central Trust Co.
4
J.
J. N. Y., Mere Trust Co.
4 g- J. & D. N. Y, Bowl. Gr. Tr. Co.
J. <fe D. N. Y.B.Gr.Tr. & St. L.
5
5
J. & D. Miss. Val. Tr. Co., St. L.
5
J. & J. New York and London.
6 g- J. & J. Offloe,C.&N.W.,52Wall.
M. & N. N. Y., Central Trust Co.
6
A.
com panles
Fe.
1903
1901
1892
1893
Presoott & East., 1st M., $375,000, p. & 1. gu.Ce 26ifl 1898
Saranac <£ Lake Placid— Bee Chateaugay & Lake Plac m.
Sault Ste. arie Bridge— 1st M.. g.,s.f..dr'n at 110.
1*4
1887
Santa Fe Central— 1st M., $2,500,000,g.PPI
c*
Santa FePres.a Phcenix-lBtM..$5,000,000,g.We.o*
2d M., gold
Ce
1,000
1,000
1,000
1,000
1,000
100
- .
San Diego Ouyamaca t£ East. Ry.— 1st mort.,p.Me
San Diego— Eastern—1st mortgage, $10,000,000..
500
$&£
ee those
Whom.
[Payable
eg
$61,000
& Me mphls, s
413
J.
5
J.
K.
5g. M.
g J.
-
i
I
A.
5g.
J.
&
&
&
&
&
&
J.
New
York.
To May 1, '12
To May. 1913
Oct'05-Oot*10
Nov. 1, 1989
Nov. 1 1989
June
1,
1,
1,
1,
1,
1,
1,
1,
2,
1932
1947
1924
1930
1913
1930
1944
1913
1918
Apr.
1,
1,
1,
1,
1,
1943
1918
1949
1919
1928
July
1,
1953
Deo.
Deo
Jan.
Jan.
May
May
Jan.
May
Jan.
July
Mar.
Jan.
Pittsburgh, Pa.
Dec. 1, 1941
8. N. Y. Mercantile Tr. Co. Sept. 1, 1942
July 1, 1943
J. N.'Y., 5 Nassau Street.
O. N. Y. Central Trust Co. Apr. 1, 1928
D.
J.
N. Y., 44 Wall St.
July
1,
1937
Gross, $8,1«0,772; net, $2,447,632
Earnings.— 11 mos., > 1904-5
Julyl to May 31. 5 1903-4 ....Gross, 7,091,587; net, 2,134,416
For 9 mos. ending Mar. 31, 1905, net, $2,072,862, against $2,145,615
in 1904; oth. inc, $157,137; charges, $1,232,125; bal., sur., $998,874.
Annual Report.— Annual meeting is held at St. Louis, Mo., on the
Report for 1903-04 was in V. 79, p. 1457.
first Tuesday in October.
1903.
1901.
1902.
1901.
Tear ending June 30—
aross earnings
$7,649,485 $7,278,575 $7,267,260 $7,387,174
Operating expenses. ... 5,421,597 5,256,164 5,173,066 4,632,892
Netearnirigs
$2,227,888 $2,022,411 $2,094,194 $2,754,282
Tot. net, inol. other ino. $2,318,357 $2,205,014 $2,183,213 $2,836,478
Taxes.
174,515
161,750
195,619
155,771
Int.on 1st & oon. morts.. 1,318,600
1,297,200
814,848
800,000
400,000
Lit. on 2d mort. bonds.
130,460
130,460
380,000
Equipment payments...
385,413
25,000
258,825
131,414
51,228
59,143
Rentals, eto
66,907
Bal. over all paym'ts. $533,408
$564,375
$328,190 $1,174,974
Officers.—President, Edwin Gouid; Vice-President and General
Manager, F. H.Britton; Treasurer, G. K. Warner; See., Geo. Erbelding.
Directors.— Ed win Gould, New York; R. M. Gallaway. Howard Gould,
Wmslow S. Pierce, William H. Taylor and E. T. Jeffery, New York; Murray
Carleton, F. H. Britton and Charles Parsons, St. Louis.
Office, 195 Broadway, N.
(V. 80, p. 473, 714, 872, 2459.)
East St. Louis, 111., to Troy,
St. Louis Troy
Eastern
111., with branch, 1 mile, to Collinsville, 111.; total, 20 miles of road
(27*8 miles of track). Stock, $350,000, all outstanding; par of shares,
$100. For year ending June 30, 1904, gross, $428,665; net, $285,545; other inoome. $26,009; total deductions, $48,952 dividends.
$43,750; balanoe, sur $218,852. Pres., Edwin H. Conrades; Sec. and
Treas., Julius L Winkelmeyer. Office. 314 North 4th St, St. Louis,
Mo.— (V. 77, p. 251; V. 79, p. 2087; V. 80. p. 473.)
Y—
&
RR.—
;
,
St. Louis Vandalia &, Terre Haute IE It. —See Vandalia RR.
Lake Charles to Alexandria,
Gulf
St. Louia Watklng
La., 98 miles, with two branches 3 miles. See V. 74, p. 630, 681.
Stock auth., $1,225,000; issued, $993,360; par of shares, $20. Bonds
authorized, $1,225,000; present issue, $983,360, consisting of $500,0 00
in $500 bonds and £100,700 in J8100 bonds, valued at $4 87 per £
The St. Louis Iron Mountain & Southern (Mo. Pacific System) in 1905
acquired control V. 80, p. 1236.
Year ending June 30, 1904, gross, $260,051; net, $103,292; charges,
$63,654; bal.. sur., $39,638. Prest, Geo. J. Gould.— (V. 80, p. 1236.)
St. Paul.— See Chioago Milwaukee & 8t. Paul.
St. Paul Eastern Grand
(See Map Chicago dk
N. W.)— Owns from Oconto to Clintonville, Wis., 56 miles. Leased
Oct. 30, 1884, for 99 years to Milwaukee Lake Shore & Western.
Rental 30 per cent of gross earnings, interest on bonds being guaranLease acquired Aug. 16, 1893, by Chioago & North Western
teed.
through purchase of Milwaukee Lake Shore & Western.
(The) St. Paul Union Depot Co.— Owns Union Passenger Station
with 8"76 m. of track (additional tracks being put in July, 1902), the
stock being inoreased from $350,000 to $9,000,000 for improvements
in progress; owned equally by the following
Great Northern, Northern Pacific, Chic. St. Paul Minn. & Omaha, Chio, Mil.
& St. Paul, Chic. Great Western, Chic. Bur. & Quincy, Minn. St. Paul & S. Ste.
Marie. Minn. & St. Louis and the Chic. K. I. & Pac.
Authorized stock, $1,000,000. Rental oo vers interes t on bonds and
4 per cent on stock since May 1, 1902; from 1890 to May, 1902, 6
per cent dividends were paid. Year ending Dec. 31, 1904, gross, $188,864; net, $25,935; other inoome, $38,565; int. on bonds, $26,500; dividends, $36,000. Pres., A. W. Trenholm; Vice-Pres., S. C. Stickney; Sec.
W. G. Johnson.— (V. 74, p. 1090.)
&
Ry.—
Trunk Ry.—
Salt Lake 6c Los Angeles RR.—Road from Salt Lake to SaltBeaoh, Utah, 15 miles, standard gauge— see V. 65, p. 824. Stock
$300,000. In 1901 $300,000 first 6s were outstanding.— (V. 65, p. 824.)
Salt Lake 6c Mercnr RR.— Fairfield to Mercur, 12 1a miles.
Stock, $300,000; par of shares $100. Bonds, see table. Calendar year
1902, gross, $79,053; net over taxes, $27,231. President, L. L. Nunn.
air
Telluride, Col.
(V. 77, p. 770; V. 79. p. 1024.)
San Antonio 6c Aransas Pass Ry.— Owns from Kerrville to
Houston, 308 miles; Kenedy to Corpus Christl, Tex., 90 miles Yoakum to Waco, 171 miles Skidmore to Alice, 43 miles, Shiner to Look;
;
hart, 54 m.; branch, 21 m.; total, June 30, 1903, 687 m., all 50-lb. steel.
In June, 1904, extension from Alioe to Falfurrias, 36 m., was opened.
History.—Reorganized without foreclosure sale in 1893.
Bonds.— Mortgage is for $21,600,000 (trustee, Central Trust Co.)
and the So. Pacific Co. by endorsement on each bond guarantees unconditionally "the punctual payment of the principal and interest."
Bonds for $2,700,000 reserved for extensions, limited to 100 miles
at $27,000 per mile, equipped.
See full abstract of mort. in V. 56,
Car trusts June 30, 1904, $165,393. Due South. Pacific Oo.
p. 540.
June 30, 1904, $4,144,947.
In 1903-4, (under order of the Texas Railroad Commission) canceled
$1,356,000 of the outstanding $18,900,000 bonds, reduced the stook
to $1,000,000, and separated the management from the Southern
Pacific V. 77, p. 90, 148, 401, 452, 2310; V. 78, p. 2600.
Annual Report.—Fiscal year changed in 1897 to end June 30. In
1903-4. gross. $2,586,437; net. $721,780; int. on bonds, etc, $1,059,628; balance, deficit for year, $337,848. In 1902 3, grOoS. $2,527,044;
414
RAILWAY STOCKS AND BONDS.
/ [Vol. xxxxfi.
July,
—
J
.
'
.
'
RAILWAY STOCKS AND BONDS.
1905.]
415
Hasou City \
IVWVDJSON/
Ruthveu
"""^Evans
Jefwein
Armour
Scotland)
Fonda
V
^sj^pjjoux
\
\D«buqueV\Q a
\Watoiloo
Iowa FunS-
Cherokee
Niobrara
-i
e:
Marehall_^7^\A/
~"
/Tama*
Dixon\
Cedar Rapidss
Onawa
"Denrocif
Neola
-^^gi!!x
c
^BurUngtonTK
Hainburg
Mary'VV)
3uslmell
a.
]
"Blopoiington
.Kirks V.I
Quincy^
^^/
[Macon
{
HannibaHN^S^
^Horton
useola
SP^RIN'G'qELC
Sullivairvy If*
Rootfhouse,
>^'
V
'Moberly
WAJU
\AtchisorD
Sidej
'
I
[Bellevue
""YLalSaJle'"/''"-^'
Peoria
1
okuiS
f-Fairburv
Alton,
%^=
I
Pana>
\\
Alto:
/andaliaj
Columbia
Manhattan
i
Jlathe
_
Florence
I
_
EfBismarckA
)
Nevada
I
.-<II-A
1|W
|
>•
t.Sc
^oV> \,II?>
Cuba,/
/^
Osceola
Roy!
lcliita^lL Elci o r ^do
Bagnell
\^\
\ ^^1
^||VX
S
P€»
^^FV \r-#l
^j*
,
,»
3
^SiJk
Par/t
^Arkansas C it y
r-
\/
i
</,,
£Wm£ield
-?"
JJSenton
NfMarionN
m.J<\
herr
Wellington
{JT;.
Bolivar
/>fc^>|xLainar
Pratt
Mt.Canfiel'
i
Mt,VernoJi s f<_
..-. ^'<{-
Le Roy\
<\» Lawrenc
^~~>-^r\^JSr^^~3ando.vali
^t>
CITY
vTC&usau
mporia
iLe
pac.
Sedalia M °-/jEFFERSON
^Holdej
I
i*e»
St.Peters,
JKAN.SAS CITY
TOREK/i
Ellsworth ^vj'SaTlna/
^Galmvell
"
1'/
Jaiesburg
Albia
Nebraska^
^
>»/
Rank
HGrand Island/
S elson
/Joliet\
Jttumwa
/
v
Aurora
Mendota^T;
Rilokvr
'"^Council Bluffs
al
Javenport^^'
/
Rockjsland
DES MOIN.ES/n$5==^° Blia Wsa
QvXw/
\*
JrinnellJ
emdoiN
Albion}
\/y Freiripnt x^^x
o
Fti\Q.odge,
Cijt'y
Randolph
,
Bacine
/BeloitAjL-
Cedar Falls^
fAltonN
("anktorj
V.\
4*?>-
J\DeKove:
/
/\
\Norton\V.
Springfiejd=ir<r
>~^y<%
^c^ \^T~^
«\_-~- ^
»
Van Bur
&.
in
^Monett
\
£+>• '«
Willow SprsT^
*,N
i
Ponca
'V.inita
yjci^empraSul^itSpr//^ Eureka Sprs.V^ Mammoth Sprs.°^
v
3
J
ushmans
I
"'o^O/
IV
„>V.
^ ^^
^ *\
Edgefield
Jc.\/
* ft
r~Raris
Fayette V.
M'cKe.nzie^
,
^
Marshall
HVILLE
Milan
1
)
N
°*$L&f
Van.Buren
"Tjackson
.
olumbial
;
sayfEMPHIS/o'
R
—
v^v
Mansfield
rr°
A
"
:=
\r
*"*•
I
s^r,
LITTLE R<
Pinkney I
ijGrand, Jc.
^
Corinth"
«^?
BARING CROSS-^<*?'V/ <iy///
ry. Hot bprings
iiot Springs
./
.,
\
Atoka
Tujscumbial
lelenaj
Tucket T*/Tal „ m
iRoy
Arkadelphiai/^ssixsoa
|
|
Decatur
v
r
Coahoma
\
°\
Jasper
iVGrenada
^estj
Point
«li
Cplumbus
Arkansas yy-y
'Art&sia
Greenwood
CO'
'Bradley
Plau»
Dealing
:-r
'BIG
SAND
BentoV
DiirahD
,
Romng^ork /
,
\
I
\
.v-sVaud
L
1/M^nroef
S.
^S,HREVEPORf
^^^Wll^fS
5"
Hard
JA CKS
ff
I
\
0/V
/
/
r^v
CQ
Lauderdale
Enterpriser
JACKSONVILL
Cj(
Dialville
I^urdon *d^p{*$'
/Dawson^ "^
/
Rusk
i^4x
AxlMiy^&-
T/
\
ells
—
_J^vV]Corrigan
)
\
Alexandria,
Cheney'
TV
\
Sarati ^
/\saratt)g/ ?\
I
Ha,#ison
L^J\
&^
Laurel \
»
*A'
))
i
v!j
/
\V
!
HattiesburgYL
4_V?v
%
i Ethel
Q*J
Mobiles
?
ty*
tf
^
Kerj-ville
\
^^"M^
\
1
E5M.ONTEREY)
TTimtyJvrA--3
lempstead f
eadl
Bastrop
I
5.
•ItUFRIN
AUSTIN?
f
\ A,f^^BrJhtCyf
=4
Prudehomme^\;^^
Porfest
A(
X^
\)^T^W
"S
\»
\y
%/i
ffi.e'hsacol'a')
BATON ROUGE
\
/
^
\
^
L.Charles
New
Iberia
NEW-ORllEANS
San Marcos
PAC.
sou.
San Antonio
/Flatonia
B>
Kenedy^b"
fGA
/^Victoria
Pt. Lavaca
F
Kleburg^
Jf .
jansas^Pass
Laredo
13
&
X
E
MAP OF THE
M
ST. LOUIS
SOUTHWESTERN
RAILWAY.
f
.
RAILWAY STOCKS AND BONDS.
416
RAILROADS.
jt
oi
explanation of column headings, &c,
on first page of
Size, or
of
Par
Road. Bonds
tables.
dt
&
& Hudso
Statesb.—lut M., $500,000, gu. p.
i.end.o*
Stat. Oo — 1st M., $600,000, g.Mo.r
Savan'h Union
Schenectady
Duanesburg—See Del.
dh
-
-«
—
Value.
1898
44
50
.
- -
.
177
Col. tr.
mmmm
do
do
.
.
(V 74,
p. 380)....
Equipm't mort., gold. ser. C, due quarterly G c*
maturing $32,000 semi-annually
Do
do
Old LOANS.excludingOamounts pledged unde
Carolina Central old bonds, non-assented
1st oonsol.M., $3,000,000, gold, gu.p.&l.end.F
Durham & Northern, 1st mort., $150.000. Me Ba
Roanoke & Tar River, $260,000. »l eBa
Flor. Cen. & Pen. 1st M. $5,226 p. m., gold Ce.O*
2dM. (1st on ext., 92 m.) $5,226 p. m.,g.Mp .0'
Consol.M. ,$7,800,000 ($10,000 p.m.), gold.G.c*
.mm
....
.
r
• •
.
cons
267
42
32
575
666
780
136
400
.
H
&
Lake
San Pedro Los Angeles «V salt
By.— Completed In
April, 1905, from Salt Lake City, Utah, to San Pedro, on the Pacific
coast, about «50 miles of main line, with branches, aggregating in all
about 1,100 miles, the Los Angeles Terminal Ry., 51 miles, being
acquired, and merged about Apr. 1, 1901, as a part of the new line.
The p-'ition from Daggett to Riverside, 90 miles, is (temporarily)
trackage o> er Atch. Top & Santa Fe.
On July 7, 1903, purchased portion of Oregon Short Line (Union
Pacitto system) extending from Salt Lake City to Calientes, Nev . 340
miles, with some brunch mileage and ad itlonal completed mileage
south of Calientes, 512 miles in all, forming rart of the road above
shown, the Oregon Short Line acquiring a half interest In the property.
The Salt Lake City terminals are leased for 99 years. V. 76, p. 920,
1193, 1356; V. 77, p. 38, 148, 695; V. 78, p. 1393; V. 79, p. 1024.
Stock authorized. $25,000,000 all Issued.
Bonds.— Of the 4s of 1903 ($50,000,0' >0 authorized Issue: Equitable
Trust Co. of New York, trustee,) $40,000,000 may be used for the
following purposes (balance reserved for futur- requirements), viz
To pay for the 512 miles of Oregi n Short Line acquired, for whioh
$7,§0o,000 oash was paid, the road already completed and acquired
and Los Aneeles and San Pedro terminals (costing in all $10,200,000)
and to complete the system V. 77, p. 38, 90.
President, W. A. Clark; Secretary, W. H. Comstock; Treas.,
H.
Leete. >ew directors, Feb., 1905, V. 80, p. 872.— (V. 81, p 266.)
San Pete Valley By.—Nephi, Utah, to Morrison, 51 miles; Quarry
Branoh (opened Auk., 1899), Nephi to Cooper, Utah, 5 miles; total, 56
miles. Stook, $510,000; par of shares, $100. Bonds. $565,000 1st
gold 4s, dated 1894, due 1923. Interest J-J, and $250,000 2d mort. 4s.
dated June 1, 1895, due 1921, interest J-J, Farmers' Loan <fe Trust Co.,
New York, Trustee Year ending June 30, 1904, gross $21 444; def anderoper exp. $7,795 Theo. Bruback.Gen. Mgr., Salt Lake City, Utah
Santa Fe Central By.— Owns from ^anta Fe, N M., south to
Torrance, 117 miles, opened Aug., 1903. Branch from Moriarlty Jet.
to Albuquerque N. M., 47 miles, under name of Albuquerque
Eastern Ry., was under construction In Jan., 190.5. The Alb .« East, has
made a mortgage to the Pittsburgh Trust Co., as trustee. Other allied
lines, see V. 80, p 221. Stock authorized, *2.500.000, all outstanding.
President W. H. Andrews; Sec, W. C. Hagan; Treas., T. Lee Clarke,
Arrott Bldg., Pittsburg, Pa.— (V. *0, p. 223.)
;
:
W
&
Santa Fe Prescott St Phoenix By.— (See Map Atchison To
Santa Fe )— Owns Ash Fork, via Presoott, to Phoenix, Arizona,
95 miles; opened in March, 1895. P & E. Jot. to Mayer. Ariz., 26-4
?eka <6
m. built under charter of Prescott & Eastern, was completed in Oot.,
1898, and Is leafed for 99 years and its $375, 00o bonds guaranteed
Branch from Huron, Ariz to Big Bug mines, 8 miles, completed Apr.,
1902; branch from Mayer to Crowned King mine, 27 .nlles. completed
May, 1901 total 256 miles. Phoenix & astern Rv. completed Phoenix to Wnkeiman. 104 miles and under construction to Benson, 81 m.
additional, ha been operated since June 7. 1903
V. 77, p. 90.
I'he road Is tax exempt by legislative, enactment
Stock, $7,903,000.
for 20 years irom 1891. The Atch. Top. & S. Fe took possession Nov. 8
1901, having acquired $2,963,000 of the second mortgage bonds and
all of the stook
Dividend, 3 p. c, paid Apr. 3i>, 1903; in June, 1903
and 1901, each 2 p. o. See official statements. V 73, p. 898 V. 74.
,
r
p. 150; V. 68, p. 326; V. 75, p. 680.
— (V.73, p.
Net.
Or^si.
$1,203,671
1,045,232
781, 844,900,954; V. 75,
Saratoga
Rental.
$609,421
571,125
Schenectady
23,633
17,960
p.
Interest.
$395,200
395.228
Bal.. sur
$190,588
157,947
667; V. 77, p. 90.)
RR,-Saratoga
to sohenectady, 21
1861 to Rensselaer <fe Saratoga and
lease assigned to Del. & Hudson Canal, by whioh It Is operated.
Rent* I. $31 .750 per vear Stock. $450,000. Dividends, 7 p. o. yearly,
paid Jan. and July 15, at Troy, N. Y.
miles
4c.
Leased In perpetuity
in
Sauli Ste. marie Bridge.—Own BanltSte. Marie Bridge, Including t 421 feet of main track. The Canadian Pacific, Duluth South
K
K
K
K
4ifl
1,000
1,262,000
1,000
608,000
olldat ed mort gage.
•81-'94
1,000 abt. 25,000
1899
1,000
3,000,000
* 100,000
1888
*5.\000
1887
1888
1,000
3,000,000
1890
410,000
1,000
1893
1,000
4,372,000
1891
1,000
2.033,000
1895
6,0*5,000
1,000
1898
......
1,000,000
1889
1,000
5,360,000
,
Yean.
M.
J.
4
5
4
5
5
1903
1904
In May, 1905, the Galveston Hairlsburg & San Antonio obtained authority to purchase tie road and allied lines. V. 80, p. 1424; V. 81, p,
211. Stock authorized, $1,000,000. issued Jan., '05. $32,000. Year
ending June 30, 1904, gross, $36,073: net, $4,385. President, Alvin
W. Krech; Vice-Pres., Gen Mgr. and Treas J. M. Lee, San Antonio,
Tex.— (V. 76, p. 543; V. 78, p. 288.)
San lord Az *t. Petersburg By.— See Atlantlo Coast Line RR.
San Francisco At North Pacific By.— Point Tlburon, Cal., to
Ukiah, Cal., 106 miles, and branches, 59 miles. Consolidation of March
Has steamer connection (6 miles) with San Francisco.
19, 1889.
Leased to the California & Northwestern Ry., Incorporated in March,
Nor. 5 per oent
1898. The 8. P <fe N. P. guarantees $2,000,000 Cal.
bonds, to be issued at $25,000 per mile. V. 67, p. 370, 688, 788. Stock
issued, $6,000,000; par of shares. $100.
Bonds.— Issued at $25,000 per mile; sinking fund, $25,000 yearly,
bonds drawn at 110 and Interest. [Mortgage abstract V. 49. p. 241.]
Annual Report.— Report for 1903-04 in V. 79, p. 1460. showed, gross>
$1,357,667; net, $312,624; charges, $262,583; bal., surplus, $50,041.
In 1902 03 gross, $1,299,279; net, $350,277.— (V. 79. p. 628, 1400.)
1903-4
1902-3
Due.
Stocks— Last
Dividend.
&
&
Co.
Y, Standard Tr. Co,
Jan. 1, 1953
Apr. 1, 1952
Savannah Trust
J.
O. N.
&
&
N. Phila. Phil.
A
&
o. N. Y., 24
N.
do
& Read.RR May 1, 1948
Read'g Term'l. July 13,'05,2i*
7,625,000
17,923,350
34,44* ,930
net, $519,495. Directors, V. 77, p. 629. President, C. R. Hudson.—
(V. 77, p. 2340; V. 78, p. 2385, 2600; V. 79. p. 213.; V. 80. p. 473.)
San Antonio
Gulf It.— San Antonio to Stockdale, 37 miles.
;
J.
5
4*a K
5
6
4 K
6
6
5 R
5 K
5 K
5 R
5 R
5 8
6 g
South Bound 1st M.,gold, int. rental.Me Ba.c*
Ga. & Ala.. 1st M.. con.. $6,185,000, g.BBa...o'
Ga.&Ala.Term.Co.,lstM.(callatllO),guar. p.&i.
268
Ga. Carolina & Nor., 1st M., g., guar.Me Bao*
a Including $140,200 bonds held alive in sink lng fu nd.
&
g.
4
1900 l.OOO&o 12,775,000
1901
10,000,000
1,000
1903
1,000
6,000,000
1104
1,000
4,665,000
1900
5,000
250,900
1902
490,000
1,000
All
cftr
105 Ceo*
Atlanta Blrm division 1st M.. $10,000,000. K.C*
Equipment trust, due quarterly
5
4g. A.
600,000
576,050
1,000
mmmm
—
& gen. lien M., $5,000,000, g., red. par. N
$185,000
600,000
100
100
100
....
Seaboard Co.— New Stock to be Issued under P LAN.
1st pref. stock, 5% $18,000,000 auth.,conv.,text
2d pref..6%, non cum., $l«,00O.0C0 au.,red.,text
Common stock, $36,000,000 authorized
Seaboard A%r Line Ry. —
Ba
by
nCo.
Schuylkill <t Juniata— See Pennsylvania RR.
Schuylkill <£ Lehigh 1st M., guar, by Read'g Co
Schuylkill Valley Navigation <6 RR.— Stock
1st M., $75,000,000, g. (see text). Co
Col. tr ref. M., g., $10,000,000, red. at
Bonds— Princi-
pal, When
Amount
1903 $1,000
1902 l.OOO&c
33
-
[Vol. lxxxi.
INTEREST OR DrVTDENDS.
Rate per When Where Payable, and
Outstanding Cent.
Payable
Whom.
Date
Miles
of
see notes
Savannah Florida & Wesfn— See Atlantic Coast Line RR.
Sav.
,
A.
M.
M &
M &
&
F. &
J. &
J. &
I. &
J. &
M &
A. &
J. &
J. &
J. &
A. &
J. &
J. &
J. &
J.
,
J
Phila.,
s
May
May
do
do
do
S.
J.
Broad Street Apr.
do
do
J.
May '05-Fb*
do
do
J'ne'05-Jne'14
J. Bait. ,
J. N.Y. ,
Mer. Tr.
Farm. L.
N. Bait. Mer. Tr.
,
New
& D.
& T.
& D.
Co.
Co.
Co.
do
do
York, 24 Broad St.
do
do
do
do
O. N.Y. ,24Br'd8t.,orBalt
J.
N.Y
,
Bait
,
D.
J.
12
Jly'05Ap.'13
D.
J.
J.
J.
1950
1911
1933
1907
1 st coup, due Sept. 1 ,'04.
Mar.
N. Y., 24 Broad -treet. To July 1,1906
A.
O.
1,
1,
1,
1,
1920
Jan. 1, 1949
Nov.
1928
July
1,
1918
Jan. 1, 1930
Jan. 1, 1943
Apr. 1, 1941
24 Broad Street
Oct.
York.
Mer. Tr. & D. Co.
Deo.
July
New
1,
1917
1,
1,
1,
1945
1948
1929
Shore & Atlantlo and Minneapolis St. Paul <fe Sault Ste. Marie RR. cob.
agree to pay for use of bridge an amount equal to operating expenses,
and interest and sinking fund of debt. Mortgage, $1,000,000; sinking
fund, $5,500 yearly.
Stook, $1,000,000.
Savannah Union Station Co —Owns union passenger station
and terminal at Savannah, Ga., with 8 miles of track. Leased by the
Southern Ry., Savannah Florida <fe Western (now Atlantio Coast Line
RR.) and Seaboard Air Line Ry., which own the $300,000 stook, the
rental providing for Interest and sinking fund on bonds, maintenance,
etc President, W. W. Maokall; Treas., Savannah Trust Co.; Secretary,
W. V. Davls.-(V. 71, p. 343. V. 74, p. 1039. 1253.)
Savannah St Statesboro By.— Owns Ouyler to Statesboro, Ga.
32-6 miles; trackage, Cuyler to Savannah, 20 miles. In Nov., 1904,
extension whb proposed from Statesboro, Ga., northwesterly to Athens,
on the Seaboard Air Line Ry., 160 miles, under the charter of the
Savannah State^oro& Northern Ry., with $2,600,000 stock. V. 79,
Stook authorized, $300,000; outstanding, $200,000. Has
p. 2148.
traffic contract with Seaboard Air Line, which guaranties bonds by
endorsement, prin. and interest; Savannah Trust Co., trustee, V. 75,
p. 1303; V 77, p. 69.5. Year ending June 30, 1904, gross. $50,294; net,
$18,045; charges. $9,250; bal., sur., $8,795. Pres.. J Rudolph Anderson, Savannah; Treas. and Sec, W. T. Dante, Washington, D. O. Office. Statesboro. Ga.
(V. 79, p. 695; V. 78, p. 1110; V. 79, p. 2148.)
Schuylkill Sc Lehigh BB.—Owns from High's Farm, near Reading, Pa., to Slatington, Pa., 46-9 miles. In 1883 leased to Phila. & Reading RR. for 999 years and In 18»6 lease assumed by Phila. & Reading
Ry. Rental, $27,000 yearly. Reading Company owns stook ($600,000),
of whioh $598,000 Is deposited under its general mortgage of 1897.
Schuylkill Valley Navigation
BB.— Port Carbon to Reevesdale, Pa., 11 miles; 2d track, 5 m; branohes, etc, 11*41 in.; total track,
28 miles. Leased July 25, 1861, for 999 years to Phila. & Reading RR.
Lease assumed in 1896 by Phila. & Reading Railway Oo. Rental
$29,450, whioh pays 5 p. c. on stook and State taxes.
Seaboard Company.— Organization -incorporated in June,
1905, as a holding oompany per plan V. £0, P. 164, 601, 552, 1»72, to
provide for the liquidation of tie floating debt of the Seaboard Air
Line Ry improvements, extensions, etc The plan provided $7,625,000 cash to be advanced to the S-aboard Air Line, the Seaboard Co.
receiving theref' r notes or mortgage bonds of the railway to which
the railway stockholders will have the right to subscribe. (V. 80, p. 662.)
Stock— The first pref. 5 p. c stook Is preferred both as to prin. and
dividends and non-cumulative for5 years from July 1, 1 905, thereafter
cumulative; redeemable at option of oompany after July 1, Dj08, and
convertible at opii< n of holder into second pref. stock at par The
second pref. 6 p. c non cum. stock is redeemable at option of oo. at 110
after 3 year--, provided tirBt pref. shall have een redeemed or converted. The amount or second pref. may be increased for oonversl n of the
first p ef.
All classes of stock have full \ otlng power. In July. 1905,
over 82*3 p. c of til" Seaboard Air Line stock had been acquired in
exchange for stock of the Seaboard Co. (See terms of exchange for
01 stooB under Railway Company
Of the new stock. $10,375,000 first pref., $76,650 second pref. and
1553.070 common will be available for the new company.
Hew Voting Trus'— The present voting trust f the R uway Company
may be wholly or partly dissolved and a new one created for 5 years,
to trustees selected by the committee. V. 81, p. 32.
Seaboard Air Line By.— See Mapj—TUa oompany owns a
line from Richmond, Va., to Atlanta, Ga., and Tampa. Fla., etc. vli.:
Proprietary Lines.
'Miles
Ltnes numtd in fee
Miles.
Rlchmo'd, Va.. to Savannah, Ga.502 Portsm'th.Va.,to Weldon.N.C,
81
Starke to Suwanee Rlv., Fla.
Wilmington, N.O., to Atlanta,
58
437 State line to Lewlston, N O.
Ga
32
Atlanta & Blrm. Air Line,
Savannah, Ga to Montgomery,
Howells, Ga.. to BirmingAla. (58 miles trackage dec.i ml
ham Ala.
.280
32 miles
ducted)
branches)
Savannah, Ga., to Tampa,
194
Trackage..
Keys, Chattahoochee
Cedar
63
River, etc
806
Total sys. (see V. 74, p. 773). 2.811
358
Otherllnes
The proprietary lines lnolude Roanoke & Tar River RR. stock all
owned), 32 miles; Seaboard & Roanoke RR. (all of stook owned).
81 miles: Atlantic suwanee River & tiulf RR., 58 miles (stook all
owned); Georgia & Alabama Terminal Co., operating 8 m. of track.
Also owns a one-sixth interest in the Richmond- Washington Co. controlling the road from Richmond, Va., to Washington, D. C. (V. 73, p.
843 and under traffic agreement with the Pennsylvania RR. maintains through car service between New York, Philadelphia, WashingAlso controls the Baltimore Steam Packet Co. (unton and the South
bonded) and a substantial Interest in the Old Dominion Steamship Co.
'•he Atlanta Birmingham division, comileted in Dec, l!(04, extends
from Atlanta, Ga., to Birmingham. Ala.. 174 miles, with branohes 30
&
,
'
1
)
,
1
,
1
ii
:
)
miles.
V. 76,
p.
489, 706; V 77,
p.
647; V. 79,
p.
734.
Organization.— An amalgamation In 1900 of "Seaboard" lines. In
July, 1905, over sw^ P o of siock had been exchanged forstook of the
Seaboard Co., the new holding company (which iee above), per terms
below and )an V. fcO, p. 164, 601, 552, 1972.
Stock.— Authorized $75,000,000, of which $25,000,000 pref.; outstanding June. 1905. common $37,005,000, and pref. $23,895,000.
Preferred is entitled to 4 p. o. nonoumulatlve, then common to 4 p. <\,
then prel. 2 p. o. additional, any sur. to common. Par of shares, $100.
i
—
i
July,
'
I
RAILWAY STOCKS AND BONDS.
1905.]
...
-I
—
'
-7-
v
-p-
—
s
417
r-7
i
3fEr«
j A"
A<
1
/Jv*
Findliy
l/C
~^E
ogan^portX
Marion
X
£$
\
A ^N
J
HeMingQ. 6umb ePjff55-.
ipiqua
/Frank'forl
*^
|
J
ema
Athens
Hamitto
CGreeneasm. ^
•iTchllli^othe
\o c-c.
^CINCINNATI
TreiVe Haute
^^
ulaysviTTffi
\
•£«,.
I
A
^
/
^-^Y
^0 N
Ashla
X°\\
/
.A
Pleasant
CHARli
1
"u_r"
f
'
O
^ /
Bpr8^•.
Springfiel
T>--t-1_L_
Livingston
Glasgow fcreensWrg
*\
'Memphis Jc.
V?
li\.
Carthage
p
3
L^Li banon
\WarCrace/
Y
/g
/
Tra^yOy.
7
/
/
^ —
" "7"
jAxville
/>W^ ^«&
/M^^
Tusc
yW"Vfef//JM.
SylaefRfef ^f
Tiessemerc
iielena^
\'Xki-oJ>N^c/
sj
R
\g/ off>i McDon
\
Ke>naKf FKAV,,.,,
•
ofeeA,ytftsSpuTg
V~~/~^
,'»/Griffi\l f
I"
/No,/
"Mt.Airy °\
,^L E^^\2R^^iS3^^^
A
o
HJ
.
>^«Wjiej!^KSa^lT^&^
".haitanooga ^-/ciey^ laiid^
«-- so*
RICHMOND^-?
|1 7
/^^S^L/V-Burkeviue
S>^~i~J^s BurkeviUe'T
^^Bi^^^^
°(
Monterey
Bon Air
^
jj£
oan
^^-^*
\ fr/New River
MartinsvilleV
/ >^*'i
»v^
K*
/Gallatin
V \MlU
5f
'
^l>^tolem
/C
/x
/S)
/
C-
bBloomfleld'
Elizabeth
.,|g__
9 taDe/Y
White SulvTBu
LouisviR.
fOwensboro
\Hendersqn
/
Charlottes V.
^/s
tnchcster
Edgefield Jc
^flMORE?
f«TE?""7V V^ d
/ /Luray/
/ EfederleKsbui-g. /It
/tauntonZ4_
'
E^aris
^<5larks yS,
>T7
X/^Y^
//7AlexandriT*
/
SL25
-
fXtrS^^wfyn
charabersburyo
As
Davis/"*
4.
\\
Lancaster
.
~R
^^
^
3iSrk9b\urg
*
*"
Portsmouth
XL
\°
{£«$?
ASA
;
IN^IANAPOU*
\
/
-pRtsburg Jplinsto
t</
\ Coiyie»svi)l&
Sfenrar
\1
Ray^
Wv^
LoclS^Havem ^^^
\
/X^
Northumberland!
EastonV
.X ^^K.
wr'"cacMnX
\
\
yty rones'
H
.KoKomq
AaWy
^/^Mansjtfeld
c.'
QeliVia
/
E
q/\ Carey
—7~\
'
s
1
^hgstowfffsk.
Fostoria
?"
"^
a-t^r^ \ ^1 /^"cJ^
an^V" >\RedJiarik^.- *£
^"""xToledo/'
South-Bond
Wi)Wemkrre
jybiicy,
flMt,
pv'e*
.
RAILWAY STOCKS AND BONDS.
418
KA1LROADB.
bonds — rniic
INTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Stocks— Last
Cent.
Payable
Whom.
Dividend.
-
Miles
Date
Size, or
Amount
For explanation of column headings, &c, see notes of
Par
of
Outstanding
on first page of tables.
Road. Bonds Value.
Seaboard Air L.Ry.fOon.)- Raleigh &Aug.,lstM.o
Raleigh & Gaston, 1st M. $1,500,000, g.MeBa.o
8eab. & Roanoke— 1st M. $2,500,000.irieHa.c\!rr
Debent. $690,000, to be secured by any 2d M.r
Car and equipment trusts
ShamoKm Sunbury dt Lewisburg— 1st mort
0*<fcr
2d mortgage, gold
o*
Shamokin
Pottsville— Stock, guar, by No. C.
1st M., $2,000,000. g., sink, fund (not drawn). o*
Val.
<t
1886 $1,000
1,000
1897
1886
1,000
1886 100 &0.
107
81
1882
1890
"si
31
38
38
i",6bo
50
1901
1,000
33
($800,000) 6 p.c, guar, by rental.F
Sharon, 1st M., g. (Sharon to Pymat, eto.).F
16 1889
New Castle & Shenango Valley— 1st M., int. gu..
17 1887
Sierra Ry. (of Cal.)— 1st M., gold
77 1897
2d mortgage, $860 000, gold
77 1904
Sierra "Valleys— 1st M. (Cal. Safe Dep. Co. trustee)
37 1895
Silver 8pr. Ocala & Gulf—See Atlantic Coast Lin E RR.
Skaneateles RR.— 1st mort., $100,000, gold. Usui.
5 1898
50
Somerset Railway —1st mortgage.
o
Consol. mortgage, $420,< 00, gold
South Carolina Pacific— 1st M., cur., int. rental...
So. Georgia dt We t Coast- Mortgage, $250,000, g
So. <& No.Ala.—'lA M. g.,$2,000,000 (own.by L.&N.)
Consol. mort.(for $10,000,000), gold, guar.Ce. .o*
Imp'vem't M., $2,000,000 g.(owned by L. & N.)
So. Illinois <e Mo. Br.- 1st M.. $3,000,000. g Ule.o*
South'n Indiana— 1st M.., gold— See text. .EC
o*
South Pac. Coast— 1st M.,g.,gu. (s. f. 1912). F
c
8mdhem Pacific COMPANY— Stock($200,000,000)
Pref. st'k, 7% non cum.. $100,000,000, conv.red.
Col. trust mort., sold, sub.to call at par.Un..c*&r
8teamship 1st mort. bonds, Ser. A, $3,000,000...
Coll.tr. M., g., red par after 2 years
Ceo*
1,000
1,000
1,000
1,000
1,000
$12 50
12 £0
Common stock
$12 50
12 50
189
189
178
104
pref.
Common.
$12 50
87 50
i
1972.
Guaranties. -The Savannah A Statepboro and Florida West Shore
bonds ($185,000 and $712,000, respectively) are guaranteed as to
prin. and interest; also Richmond-Washington Co. bonds, )olntl\ and
severally with 5 other companies. V."!7, p. 647, 648; V. 79, p. 2148.
Latest Earnings.— For 11 mos. ending May 31:
Gross
1 1 mos.
Net.
Ot*. inc.
Oharoes
Bal„ sur.
1904-5.. ..$12,439,408
$3,636,603 $16,3 2 $2,746,237 $9«r!,778
1903-4.... 11,720,213
2,879,915
2,6o3,957
24,478
300,436
Report.— Fisoal year endr
30. Report for 1903-04 V. 79.
p. 2744.
1904.
1903.
1902.
Gross earnings from railways.. ..$12,75' ,271 $12,156,928 $11,068,478
Jme
Gross earnings from water lines.
561,138
549.600
511,337
Total gross earnings.
...$13,311,409 $12,706,528 $11,579,815
Net earnings, incl. other income. $3,233,948 3,473,781 $3,471,553
Deduct— interest on bonds
$2,546,817 $2,481,400 $2,481,400
Other interest
254,643
104,668
110,901
Rentals and miscellaneous
49,663
55,232
58,995
Balance, surplus
$382,825
$832,481
$820,257
~
Officers.— President and Gen. Mgr.. J. M. Barr; Vice-President and
Treas., N. 8. Meldrum; 8eo'y, D. C. Porteous; Comptroller, T W. Roby.
Directors.— Jas. M. Barr, Portsmouth, Va.: n CUy Pierce. 8i Lotus; 8. Davies
Warfleld. Bahlaiore, Md.; James H. Dooley, Richmond, Va.: B V. Yoakum.
Ernst Thalmann, John B. Dennis. James A. Blair, N. S. Meldrum, Charles A.
Conant, New York; Thomas V. Ryan, Oak Ridge, V-.; C. Sidney Sbepard, of
New Haven. N. Y.; T JerJerson Coolidge Jr., Nathaniel Thayer, Boston. Mass.;
Norman B. Ream, "hlcago. 111.: Geo. W. Watts Durham. N. C.
Kxecutive Committee —James A. Blair (Chairman), Thos. K.Ryan, T. Jefferson Coolidge Jr.. C. Mdney Sbepard, John B. Dennis, B.F.Yoakum and 8.
Davies Warfleld
office,
24 Broad St.— (V. 80,
p.
2345;
V. 81, p. 32.)
Seaboard Sc Roanoke RR.— See Seaboard Air Line Ry. above.
Shamokin Sunbury & Lewisburg RR.— Carbon Run Jet.
West Milton, Pa., with iron bridge over Susauehanna, 31
to
miles; second
1
ToNov.1,1919
ARead.RR. May 1. 1912
In default.
3%
&
Farm. L. & Tr. Co.
July 1, 1917
6g.
6g. A.12&0. Crocker- Wool worth Bk. Apr. 12 1937
do
do
5g. M.15&8,
Sept. L5, 1944
<fe
J.
J.
•
Portsmouth, Va; N.Y.
8.
&
&
$75
July
1926
1947
1926
Aft. July,1916
D. N.
J. N. Y..
A.
.(
office,
J
A. N.
,
1,
1,
do
July 1, 1925
St. Stat'n Aug.," 1905,3%
do
July 1, 1931
Sharon, Pa.
Mar. 4, '05,
Y., Farm. L.
Tr. Co. June 1, 1919
&
Of which outstanding
l'A776.000
Deposited to secure t fie II 0,000,000 coll. tr. ref. 6s
20.000,00
Deposited as collateral for J 00,0' mort. and coll. tr. 6s
1,600/00
Deooslted a* collateral or In treasury
1,500,000
Reserved to retire at maturity, dollar for dollar, all the underlying bonds on the va ious divisions of the system
29,725,000
Issuable only after July 1, 1905, for additional properties, improvements, extensior s, etc at not exceeding {l,50O,uu0 for
four years and ti .ou0,0"0 per nnum U ereafter
9,500 000
The collateral trust refunding gold 5s of 1901 are secured by deposit with the trustee of $20,000,000 4s of 1900. V. 70, p. 842.
The At anta & Birmingham division 4s of :903 ($10,000,000 authorlied issue> are secured on the line from Atlanta, Ga., to Birmingham,
Ala., 174 miles, with branches 30 miles. V. 76, p. 1302; V. 77, p. 647.
The mortgage and collateral trust 5s of 1904 are secured by a lien
on $20,000,000 of fir- 1 mortgage bonds (subject to existing liens and
on various securities, and by direct deposit of certain seou> ities owned
(see Ust V. 78, p. 821) and a general mortgage on all property now
owned or hereafter acquired, other than securities speoially excepted.
V. 78, p 104,229,989.
The plan above described provides for the making of a new mortgage
by the Seaboard Air Line Ry. to secure $18,000,000 of 5 p. c. bonds,
the present itsue theieof to be offered pro rata to stockholders. V. 80,
Gen.
4ifl g.
Jan.
Jan.
Broad
do
<&
2. If not subscribing—
Preferred stock
75
Common stock
75
A syndicate has underwritten the above oash payment, receiving
$12 50 new hrst pref. and $12 50 new common stock for each share or
existing Seaooard stock with respeot to which it shall be called upon
to make any part or such oash payment. The cash payments w 11 be
called in 5 equal instalments at Intervals of not less tban 30 days; the
first is payable July ^8, the second Aug. 28, 1905. See "Bondb" below.
Bonds.—The 4s of 1900 are a first Hen on about 350 miles of road,
including 102 miles of main line from Richmond to Ridgeway and 106
miles from Hamlet to Columbia (subjeot only to $155,000 prior lien
bonds on two branches); also a direct mortgage on the whole 2,383
miles of consolidated road, subject only to $26,560,000 prior lien outstanding bonds and a consolidated collateral Hen on the remainder.
Total authorized issue 4s of 1900 in no oase to exceed $75,000,000
p.
M.
6
.
-
.
.
lf.9
2d
3hig. J.
D. Co.
do
do
do
A. Phila.,
F.
-Receives
.
F.
<fe
do
J.
|F.
If Subscribing for 1st pref.—
lslprff.
N, Phila., Phil.
&
&
&
&
&
do
6
(see Seaboard Company above), the assenting holders of voting trust
certificates of the Railway Company ate entitled:
Pays
<fe
J.
J. Bait., Merc. Tr.
do
J.
do
J.
5
5
Reorganization Committee —Thomas F. Ryan (Chairman), James
A. Blair. Ernst Tbalmann, James H. Dooley, T. Jeflfercon Coolidge Jr.,
C. Sidney Shepard, S. Davies Warfleld, N. S. Meldrum (Secretary), 38
Nassau St., N. v. City. UDder their plan of June, 1905, now effective
cash.
i*
100,000
225,000
172,P00
104,600
f250,000
2,000,000
1,000
Voting Trust. -Both classes of stock are deposited with voting
trustees until April 1, 1910, although the latter may in their discretion deliver the stock at an earlier date. V. 77, p. 35
2099.
Per WOO of existing—
Preferred etock
5
A.
M.
6
&
&
&
&
1887 500 &0.
J.
1900 500 &o.
6* J.
1884 100 &c.
1903
1,000
1880
1,000
f g
*7,991,000
1886
1,000
1904
1,000
1,500,000
5 K. F.
1901
1,000
3,000,000
4 g. M.
1901
6,900,000
1,000
4g. F.
1887
1,000
5,500,000
4g. J.
100 197,849,258
40,0' '0,000 7 in 1905 J.
100
1899 500 &o. 29,818,500
4g. J.
1891
2,001,000
6
J.
30,C 00,000
1905
1,000
4g. J.
42
42
10
1
J.
J.
J.
F.
6
$1,000,000
1.200,000
2,500,000
*285,000
275,585
1,000,000
1,000,000
869,450
2,000,000
770,600
164,000
250,000
1,248,000
8£0,000
300,000
1,000
Sharon—Stock
1.
[Vol. lxxxi.
& O
& J.
& O.
& A.
A
& N.
& A
& J.
& J.
& D.
& J.
& D.
<fe
Y..U.S.M.&
1915
Tr.ro.
Aug.
Boston & Oakland, Me. July
Boston, Nat. Shaw. Bk. July
1,
1.
FayettevUle, N. O.
Oct.
Quitman, Ga. Jan.
N.Y,0fflce,71 Bro'dw'y Apr.
1,
1,
N. Y.
&
1.
N. Y., Office, 71 Br'way.
1,
1.
y.Y.,Kin(r,Hoden.& Co.
1,
1,
1,
1,
Aug.
Aug.
N. Y., Mercantile Tr.Oo. Nov.
N. Y., S.Pac, 120
Checks mailed.
N. Y., 120 Broadway.
do
do
Feb.
B'way July
do
do
1918
1917
1950
1914
1923
1910
193«
1936
1951
1951
1937
Julyl7,'05,3i*
Aug.
Jan.
1,
1,
June
1,
1949
1911
1910
track, 15 miles; total of all track, 57 miles. Leased to Philadelphia &
Reading 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
coal traffic northward. Stock, $2,000,000 (par, $50) owned by Reading
Co., of which $1,995,000 is deposited under mort. of '97.— (V. 51, p. 21.)
Shamokin Valley A- Pottsvllle Rv.-/,*e Map Pa. RR.)— Sunbury Pa., to Mt. Carmel, Pa., and branches, 38 miles. Leased Feb. 27,
1863, for 999 years to the Northern Central Railway Co., with a guarantee of taxes, interest on the bonds and 6 per oent on the stock, of
whioh $619,650 Is owned by the Northern Central. The $2,000,000
first 3^8 were issued to retire the 7s at maturity July 1, 1901.— (V.
,
73, p. 1314; V. 78, p. 1908.)
Sharon Ry.—
&
Owns from Newcastle. Pa., via Sharon, to Pymatunlng. Pa., with oranches. 33-07 miles in aU. Con soUdated with Newcastle
Shenango VaUey RR. and then leased to the Erie RR. for 900
years from Deo. 1, 1900, for interest on bonds and 6 per oent on stock,
the old leases being oanceled.— ( V. 73, p. 399; V. 78, p. 288.)
Sierra Railway (of California).— 8ee page 464.
Sierra Valleys RR.— Plumas to Mohawk, Cal., 37 miles. Stock,
$945,000; par. $100. Controlled by Nevada-Cal.-Oregon Ry., to which
was due for advances June 30, 1; 04, *217,588. V. 79, p 2643 Year
ending June 30, 1904, gross. $26,364; net., $8,266; total deductions,
$12,566; bal., def.. +4,300. Pres., E. R. Dodge, Amedee, Cal.— (V. 74,
p.
776; V. 79,
p.
2643.)
& Gulf RR.—See Atlantic Coast Line RR.
RR.—Owns Silverton, Col., to Ironton, 22 miles. In
Silver Springs Ocala
Sllverton
July, 1899, Alexander Anderson was appointed receiver. V. 69, p.
132. In Nov 1904, the Silverton RR. was incorporated in Colorado,
no doubt as successor. V. 79, p. 2589. Stock. $350,000; par, $100.
Bonds, $425,000 1st 20-year 6s. Year 1902-03, gross, $14,008; def.
under op. exp #4.— (V. 79, p. 2589.)
Somerset Ry.— See page 464.
South Carolina Georgia
See South'n Ry., Carolina Dlv.
South Carolina Pacific Ry.— North Carolina State HnetoBennettsville, S. C, 1050 miles. Leased till Deo., 1914, to Atlantlo Coast
Line RR for interest on bonds. Stock, $100,000. Bonds, see table.
South Georgia Sc West Coast Ry.— See page 464.
Southern Illinois
ITIissourl Bridge Co.— See page 464.
Southern Indiana H.y.—(See Map) - Owns from Main Street,
Terre Haute, to Ewlng Street, Seymour, 12142 m.; Westport Branch,
Seymour to Westport, 2645 m.; Sullivan Branch, Latta to Sullivan
Junction, 7*48 m.; Hymera Branch, Blaokhawk to Sullivan Junot.,
12-88
total owned. 168*23 miles. Lea-es: Vandalla Line. Main St. to
Union Station, Terre Haute, 30 in.; Bedford Belt Railway, Bedford to
Oolitic, 4*19
total leased, 4-19 m.; total mileage, 172-72. The belt
line aroui:d Terre Haute in nearly completed. Extension north f'om
Terre Haute to Illinois rttate line, 27 ml'es, Is under construction; farther extension to ("hioago, 147 no., is bein* built by the Ch'o. So. Ry.
V. 7rt, p. 1328,1331
Extensions from Blackhawk to Indianapolis
and from Elnora to Evansville are also proposed; V. 76, p. 377; V. 80,
1480. Owns Southern Indiana Coal Co
V. HO, p 22 1.
p
Stock.— Common, $5,000,000; pref., $1,000,000; par, $100; all Issued.
DrviDENDS.-On pref., Dec, 1901, to Jan. 15, 1905, inol., 5% (J&J).
Bonds.- First mortgage 4s of 1901 may be issued at $20,000 per
mile for single track and $10,000 per mile for second track constructed
or acquired. Equtp't notes, Incl. int., June 30, 1 904, $l,t 28,704, maturing to 1909. inclusive. See V. 74, p. 776, 1 197.
Latest Earns.— 11 mos., J 1904 5... Gross, $1,273,579; net, $537,168
July 1 to May 31.
U903-4.. Gross, 1,186.740; net, 512,746
Annual Report.— Report for the year ending June 30, 1904, was In
V. 79, p. 1327, showing:
Tear.
Cross.
Rat., sur.
Net.
Int., taxes, etc. Divonpref.
190^-4.. $1,293,580
(5)$25,O00
$554,763
$247,328
$282,435
1902-3..
942.572
482,026
199,600
(5)25,000
257,426
19012
630,195
277,852
158,153
(5)25,000
94,699
President John R. Walsh; Secretary and Treasurer, C. F. Weinland,
Grand Central Station, Chicago, I1L— (V. 79, p. 13*7; V. 80, p. 118,
652, 1363, 2221 )
,
,
&
RR.—
&
m
;
m
;
South Pacific Coast Ry.—Narrow Gauge.—Alameda to
Santa Cruz, 77 miles: branches, 24 miles; ferry, 3 m.; total 101 miles.
Leased for 55 years from July 1, 1887, to Southern Pacific Company,
which fruarantees the bonds and owns all the $6,000,000 stock. Year
1903-04, gross, $1,060,160; net., $147,480; def. under ch'ges, $149,158.
Southern Pacific Company.— (See Slaps.)— Road.—This company owns no track in fee, but principaUy through ownership of stock,
partly by lease it operates a great system of roads extending from
San Francisco to New Orleans (thence by company's steamers to New
York, etc.), and to Portland. Oresron. to Ogden, Utah, with branches.
Organization.— Organized under laws of Kentucky. The Union
Paciflo owns $90,000,000 common and $i8,000,000 preferred stock, a
strong working control, but the road continues to be operated
Independently. V. 72, p. 242, 248; V. 75, p. 136. In 1899 acquired the
entire capital stock of the Central Paciflo. See that company also see
below. V. 73, p. 33; V. 75, p. 1407; V. 76, p. 753.
Ry. projected; see V. 78, p. 2443.
Inter California
July,
1905.]
RAILWAY STOCKS AND BONDS.
419
1
.
RAILWAY STOCKS AND BONDS.
420
RAILROADS.
Date
Miles
I"
Size, or
[Vol. lxxxi.
cn.fc.df
Bona*— Prinoi-
OB DIVIDENDS.
Amount
Rate per When Where Payable, and by
For explanation of column headings, &c, see notes
of
of
Par
on first page of tables.
Road. Bonds Value. Outstanding Cent
Payable
whom.
RR.—Stock, $160.00X000 auth..
All
( 1st M., series B, gold
land grant. .0
equally 1 Series C & D, gold. . [ s.f not subj.o
1,045
secured. { Series E & F, gold. J
to call
c
8. Pao. Br. 1st M., g., s.f., $50,000 in 1897, not dr'n
187
1st oons. M., guar., gold, 3. f not drn.Ce
c*<fcr 2,020
do g.,gu.,stp.,call. at 107is for Aug. l,'05.o*<fer
80. Pao. of Arizona, istM., ser. A, gold, guar. c&r
392
Series B, gold, guar
o&r 392
167
So. Pacific of New Mexico, 1st mort., gold...c&r.
California Pacific, 1st mort., gold (ext'd in 1887)
79
'91
114
2d M., gold, gu.p.&l., end. by Cen. Pac, ext. in
Northern Ry. (Oal.), 1st mort., int'st guar., gold. 149
Con. M. ($21 ,000,000) g. 1st on 225 m. Un,o*&r 373
54
Northern California, 1st mortgage, gold
1st con. ref. M. g., gu., red. 105 af.'10.Eq...c&r
Southern Railway— Com. stock, $120,000,000. ..
Preferred. 5 per cent, non-cumu., $60,000,000. ..
M. & O. stock trust certificates.
1st con.M., 1st on 900 m.g. ($120,000,000)Ce.c*&r 4,502
Col. tr. bds., $l6,000,000,red IO213 beg Oct.'06.G
Monon.jnt M.,$15,500,000,red.l05 af.'07.S c*<fcr
Equip, trust, ser A goid,d >ie May and Nov. PJ P.c*
do
do ser. B, g., due Apr. and Oct. PIP...
Southern Pacific
)
.
.
.
,
,
$100 128,307,960
4,045,000
fl875 500 <feo
1875 500 &o
7,4 1,000
{
1882 500 <fec
5,116,000
1887
1,000
3,533,000
1893 500 &c.
6,809,000
1893 500 &c. 21,470,000
1879
1,000
6,000,000
1880
1,000
4,000,000
1881
1,000
4,180,000
1867
1,000
2,232,000
1871
1,000
1,595,000
1877
1,000
5,156,000
1888
1,000
4,751,000
1889
1,000
1,074,000
1903 500 &o. 75,000,000
100 120,000,000
100 60.000,000
100
5,670,2
1894 l.OOO&o 42,211,000
1904 1,00 >&o 15,000,000
1902 l.OOO&c 11,827,000
1900
1,000
1,062,000
1901
1,000
1,190,000
1902
1.000
2,061,000
1903
1.000
1,770.000
1904
1,000
2,805,000
1905
1,000
4.500,000
do ser. C, g., due J. & D
do ser. D, g., due M. & N..
do eer. E.g., due J &D PIP
do ser H. g., die M&N PIP
A.— Properties merged in Southern Rai LWAT CO.
44 1883
Atlantic Tennessee & Ohio 1st mortgage. Ce
191 1869
On. Col.A Ang.lstM. (int. in gold) V.59,p.l006 Ce
191 1872
2d mortgage Ce
do
do
do
do
;
&
Luoin RR., cut-off from Ogden to Lucin, 102 miles*
saving 46 miles, was completed in Nov.. 1903. V. 74, p. 380, 1197; V.
71, p. 85; V. 77, p. 2099; V. 75, p 283. In Nov., 1900, a majority of
Paoiflc Mail SS. stock ($10,005,000) was acquired. V. 71, p. 1013, 1312.
System comprises the following, fully described under their own titles.
Miles.
(1) Proprietary Lines.
89
Controlled (also leased BY) 8o. Houston & Shreveport RR
Miles. 3) controlled by Morgan's La. &
p^5- Co
...
»,
1.4-10 tex.— Operated Independently.
Central Pacific RR
101 Gulf Western Tex. 4 Pac. Ry...
South Pacific Coast Ry
Ill
Southern Pacific RR
3,324 Iberia & Vermilion RR.
16
Oregon & Calif ornia RR
671
Total Proprietary Lines
9,027
(2) Controlled by So. Pac. Co.—
Tot'l.deduc. 242 m. leas, to Atch.8, 7 85
Operated Independently.
8alv. Harrlsb'g & San Anton. Ry.
917 (4) Leased and Operated.
88
New York Texas & Mexican Ry.. 1<7 New Mexico & Arizona RR
263
Houston & Texas Central RR
691 Sonora Ry
-
,
.
.
.
Louisiana Western RR
Morgan's La. & Tex. RK. & S3..
Texas & New Orleans RR
Galveston Houston & Northern..
Carson A Colorado R v
.
Total RR. Mileage June 30.
190
328
440
63
300
Tot'l.deduc. 242 m. leas, to
A
Steamship Lines
t
'04.. 9,878
eh. 9, 1 <«>
4,895
Affiliated Line.
125
191 Gila Valley Globe & North'n Ry..
Houston B. & W. Texas Ry
Grand total of owned, leased and affiliated lines June 30, 1904
!». a< 1
Proprietary Lines.—These, with a total mortgage indebtedness
Jnne30, 1904, of $300,207,584, are mostly owned— only $1,533,092 out
of their total stook of $301,208,572 not being held on July 1, 1904, by
the Southern Paciflo Co. " Omnibus Lease," see Sup't of Jan., 1899.
Stock, Etc.— Total com. stook authorized, $200,000,000, inducting
$67, 475,500 exchanged in 1899 for Central Pac. stock— see Central Paoiflo and V. 68, p. 378, 725; V. 69, p. 132; V. 70, p. 740. As to new pre-
ferred stock, see
General Finances
belo w.
Dividends.— Dividends on pref.,7 per cent (JAJ).
Bonds.—The 4 per cent collateral trust gold bonds of 1899 are limited to $36,819,000, and are subject to call at par on six months'
notice. The first issue of $29,418,500. seoured by the $67,274,200
common and $12,600,000 preferred stook of the Central Paoiflo, was
Issuable forthwith. The remaining $7,400,000 can be Issued from
time to time only as an equal amount of Central Paclfio preferred is
received and added to the collateral, $5,000,000 of this stock being
reserved for improvements and add'tions on the Cent. Pao. at not
exceeding $200,000 yearly— Me c ent. Pao. and V. 68, p. 378. See
Mortgage Abstraot, V. 69, p. 859.
The two-live-year collateral trust 4s of 1905, limited to $30,000,000, are secured by deposit of $12,456,000 par value of various bonds
and §67,636 000 stocks of companies controlled, Including Paoifio
Mail etc., and $1,530,000 Wells, FargojA Co. stock. See V. 80, p.
1857.
Tne first refunding 4s and 30-year gold 3i«8 issued by the Central Paoiflc are unconditionally guaranteed, principal and interest.
General Finances —The stockholders voted on July 20, 1904, lo
authorize $100,000,000 of 7 per cent non-cum. pref. stock, redeemable
at 115 at any time between July 1. 1905, and July 1, 1910, and convertible Into common stock at par at option of holder. Of the stock
$40,000,' 00 was subscribed for by stockholders pro rata at par.
The proceeds will be used to pay the floating deot, mostly held
by Union Pacific, and for future capital requirements, and also
"enable the company to refund bonded obligations maturing during
the next thre^ years amounting to $65,4«0,000, on a much more
favorable basin of credit, and leave over $30.0o0.00 of free and nefotiable assets in the treasury." V. 78, p. 2443. 2600, 2574; V. 79. p.
04, 628, 2467. The first pref div., 3 -a p. c, was paid Jan. 16, 1905.
In 1905 the Southern Paciflo RR. ls-ueda refunding 4 p. c. mort
§age under which *75,000.000 bonds were sold to refund *4 1,462,000
s and 6s maturing in 1 90\ the proceeds of about $30,000,000 being
used to reimburse the Southern Paoin\i <:o. for advanoea for improve
mente during the last few years. V. 80, p 601.
During three years ending June 30. 1903, $14,256,853 were ex»
equipment and $18,517,317 for new
£ended for improvements and in 1903 4 capital expenditures were
nes and addliional property;
$19,072,972.
V. 78, p. 713.
Earnings.— 11 mos., ) 1904-5. ..Gross, $17,659,881; n
May
t,
$27,511 938
1903-4. ..Gross 86,057,010; net
25,880588
Houston & Texas Cent, and its subsidiaries are Included In both years.
Annual Report.— Fiscal year now ends June 30.
Report tor 1903 4 at length in V. 79, p. 2452, 2461 to 2470; editorial,
V. 79, p. 2432. Average lreight train-load, &20 tons in 1903 4, average
receipts pei mile, 1014 cents, against 1022 cents in 1902-3.
July
1 to
31.
)
1903-4.
1902-3.
Receipts9,02159
8,842-01
Aver. miles-Proprietary and non proprietary
proprietary and nonproprietary
Gross receipts from
lines and miscei. receipts of prop, companies:
192.933.231 $88,820,S<5
Transportation receipts
22f>.60J
Trackage and other rentals
875.92'J
806.658
280,464
Income from sin*, funds pledged for redempt'n of bonds
Income from lands and securities n >t pledged for re6-6,228
demption of bonds
681,160
8l7.1t7
Interest on stoc«s and bon Is owned
680,819
82,000
4H.167
Income from othe< investments
36,039
Miscellaneous receipts
164,617
Interest on loans u '<) advances other than open accts.
Of proprietary companies
Total receipts
150,000
1,127.000
500,000
500&C.
1,000
Southern Pacific Company (Concluded).
The Ogden
6g.
6g.
6g.
6g.
5g.
5g.
eg.
6g.
6g.
1
4*36,156
146,474
$i#6,522,9 D 2
»«o,683,43t)
A.
A.
A.
A.
M.
M.
J.
J.
J.
4 lag. J.
4 lag. J.
6g. J.
5g. A.
5g. J.
4g. J.
5
in*1904 A.
A.
4
5g. J.
5g. A.
4g. J.
4 g. M.
4
g-
A.
4g.
J.
4
M.
J
M.
413
1.
g.
4l2g.
6
5
7
A.
g.
J.
A.
&
&
&
&
&
&
&
&
&
&
&
A
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
O. N. Y., B.Pac, 120 B'way
O.
do
do
O.
do
do
O.
do
do
N.
do
do
N.
J.
J.
J.
J.
J.
J.
O.
D.
J.
do
do
do
do
do
do
do
do
do
New
do
do
do
do
do
do
do
do
do
York.
pal,When Due.
Stocks— Last
Dividend.
1905
1906
1912
1937
Nov.
1937
Aug.
1905
Mch., 1909
Mch. 1, 1910
Jan. 1, 1911
Jan. 1, 1912
Jan. 1, 1911
Jan. 1, 1907
Oct. 1, 1938
June 1, 1929
Jan. 1, 1955
Oct.
Oct.
Apr.
Apr.
1,
1,
1,
1,
1,
1,
O. N. Y., J.P. Morgan & Co. Apr.l7,'05,2i«
O. N.Y., J.P. Morgan & Co. Apr.l, '05, 2%
J. N.Y., J. P. Morgan A Co. July 1, 1994
O.
do
do
Apr. 1, 1909
do
J.
do
N. Prov.Lfe&Tr.Co.,Phil.
do
O.
do
D. New York, Blair & Co
do
N.
do
D. Prov. Life & Tr., Phila.
N.
do
do
July 1, 1952
To Nov. 1,1907
To Sept. 30 ,'08
To Dec, 1909
To May 1, '10
To Deo. 1, '14
To May 1, '15
& Co.
Apr. 10, 1913
July 1, 1909
O. N. Y., J.P. Morgan
J.
O.
do
do
do
do
Bxpendel for account of proprietary companies,
Operating expenses
viz.:
Taxes
Trackage and other rentals
Interest on funded debt
Interest on Central Pacific
Interest on open accounts
.
RR. notes
Miscellaneous expenses
Land department expenses and taxes
Sinking fund contribution and earnings
Betterments and additions
Other charges against Southern Pacific Co.. viz.:
Insurance, depreciation, eto
A d vances to San Antonio & Aransas Pass Ry. Co
Oct.
1H08
1,
1910
1902-3.
$60,301,260
2.110,541
218.133
15.664.336
14,816,249
941,004
1.112.887
679,826
1,418,318
31,029
66.357
261,582
288.150
821.6*8
796.464
113.5J3
179.277
4.
(63,1 9,6x8
2,854,754
218, 133
930.474
852.888
1,000,885
651,70
Total expenditures
$86,644,509 $81,719,005
Surplus overall disbursements
$S.8'8,433
$S,934,481
President, E. H. Harriman.— (V. 80, p. 473, 601, 872. 998, 1914.)
(See Maps.)— Road.— Owns all the CaliSouthern Pacific
fornia lines of the Southern Paciflo system except the Central Paoiflo
and the South Paciflo Coast. The road owned aggregates about 3,324
miles, embracing a through line from east bank of Rio Grande River
RR.—
through New Mexico and Arizona, via Los Angeles, San Francisco and
Oakland, to Tehama in No. California, with numerous branohes. Of
the lines owned and leased In 1904 (41 miles are leased), 3,082 were
operated in the Southern Paciflo system, 242 miles (Mojave to
The Needles) being held under long lease by Atchison In exchange for leases of 350 miles of roads in New Mexico and Arizona.
V. 65, p. 931, and Atch. T. & 8. F. item, p. 1113; see V. 64, p. 609.
Organization.— Incorporated on March 7, 1902, as a consolidation
of the So. Pao. RR. companies of Cal., Ariz, and New Mexico. V.74, p.
578.
Stock.— 80. Pac. Co. June 30, 1904, held nearly all of the stook.
Bonds.— Consolidated Mortgage of 1894 abstraot was in V. 57, p.
1041; $21 ,470,000 of the consols stamped subject to call at 107 ^ have
been called for payment on Aug 1, 1905.
The first consol. refunding 4s of 1905 ($160,000,000 authorized
oover all the railroad lines eventually as a first lien. In
Feb., 1905, $75,000,000 was sold. The bonds are issuable or reserved
as follows- (see V. 80, p. 601, 1112):
Issuable on dema d
$25,000,000
Issuable to refund a like amount of prior lien bonds (of which 144.617,000 mature or have been called for redemption on or before
Oct 1. 190 i. $16,68 1,000 mature daring the next Labout] 7 years
93.682,500
and llS^SB.vo thereafter
Issuible to r fund other prior lien bonds, any balance not required
16,^00.000
to be available for other purposes
,
26,317,600
Issuable for construction, betterments, eto
Annual Report.—For year ending June 30, 1904, earnings were:
Gross, $32,603,510; net, $12,392,423; other income. $1,136,542;
oharges, $7,935,406; surplus. $>,593,559. In 1902-3, gross, $30,756,133; net, $12,392,423.-(V. 80, p. 601,1112; V. 81, p. 156.)
Southern Railway Company,- (See Map, pages 422 and
423 )—Company operates 7,197 miles, extending from Washington,
D. C, and west Point and Richmond, Va. to Danville, Va., Greensboro,
N. C, Norfolk, Va., Charlotte, N. C, Colu mbia, N. 0., and Atlanta, Ga.,
thenoe northerly to Bristol, Tenn., southeasterly to the coast at Brunswick, Ga., and westerly aoross the States of Alabama and Mississippi
to the Mississippi River at Greenville. Water lines— Bait. Ches. &
Richmond 8. B. Co., 200 miles. U See this company.
Miles.
Leased Continued.
Miles.
Owned in fee—
URichmond* Meoklenb.RR. 31
Alexandria (near Washlng'n)
280 H North Carolina RR.—
to Greensboro, N.
Goldsb., N. C, to Greensb.. 130
Charlotte.N.C.toAug'sta.Ga. 190
Greensb. to Charlotte, eto.
94
0ol'mbia,8.C.,toGreenv.,8.C. 145
W. Point, Va., to Neapolie. .. 179 Atlantic & Danville Ry.
Norfolk to Danville, Va.,
Salisbury, N.C.,to Morristo'n,
issue) will
—
—
282
231
and branohes
14
272 LookhartRR
242 Other
6
Bristol to Chatt'ga, Tenn. .
Operated under agreement—
66
Knoxville to Cumb'd Gap.Ky
12
Roswell RR
Ooltewah Junction, Tenn., to
409
Controlled by securities —
Brunswick, Ga
165
AustelLGa., to State L., Miss. 261 Atlantic & Yadkin
10
Atlanta Jc, Ga.. to York, Ala. 271 State University RR
51
Atlanta, Ga.,te Ft. Valley.Ga. 102 Elberton Air Line RR
54
E. St. L, 111., to N. Alb., Ind. 265 North Carolina Midland
126
1,585 Other roads
Branohes, eto
Trackage Rights—
r
23
4,498 Hardeev e, S. C., to Sav., Ga.
Total owned
Washingfn,D.C.,toAlex.,Va.
7
Leased—
Stevenson to Chattanooga, &o
38
Atlanta & Charlotte Air L.
York, Ala., to Meridian JMlss.
27
Charl.. N.O.. to Atlanta, Ga. 268
18
98 Birmingham to Mobile Jc.,&c
^Georgia Midland Ry
10
30 Kentucky & Indiana Bridge.
Franklin & Pittsylvania...
8elma,N.O.,to Pinners Pt.,Va. 155
f Mobile & Birmingham RR.—
Selma, Ala., to Marlon Jot.. 150 Savannah, Ga., to Jacksonv. 152
Other
35
flSouthern Ry., Car Div.—
Charlest'n.S.C, to Augusta,
Total mileage op. July, '04.7,197
Ga., with branohes to CoControlled— operated separately.
252
lumbia, S. C, eto
912
Oamd'n, S. O, to Mar'n, N.O. 171 tfMobile & Ohio
82
Ashev., N. C.,to Alston,8.C. 134 II Augusta Southern
157
Other branches
Tenn
Memphis
to Stevenson, Ala...
.
fl
.
July,
RAILWAY STOCKS AND BONDS.
1905.J
RAILROADS.
Miles
for explanation of column headings, &c, see notea
on first page of
tables.
South' n By.— (Oon.)— Col.A Green.lst M.,g.Ce.o
o
Georgia Paolflc 1st mortgage. Ce
Richmond & Danville cons, mortgage, gold Ce.c
Deben. mort., old 6s (no longer incomes) Ce...
Date
Size, or
of
of
Par
Road. Bonds Value.
164
566
Richmond York River & Chesapeake
2dM., extended from 1900
Virginia Midland— 8erial mortgages
General mortgage. Ce
1st
mort.G
G
Washington Ohio & Western 1st mortgage. Ce.
Western No. Carolina, 1st con. mort., gold. Ce.c*
East Tennessee Virginia & Georgia—
Dlv. M., g., (Bristol, Tenn. to Selma, Ala.). Ce.c*
E.T. Va.cfc Ga. cons. M., g. ($20,000,000). c4r.Ce
Ala. Cent. 1st M., Selma to Meridian, gn'.d.Ce.. ..
Knoxv. & Ohio, 1st M.. g.Ce.(V.79,p.ll66).o*<fer
B.— Southern railway Divisional securities..
o'&r
East Tennessee lien, gold.Ce
1st mort. on Memp. & Ch., $8,000,000, g. G.o*
Charlottesv. & Rap. 1st M., sf red. par Jan.l y'ly
Aiken Branch, 1st M., gold A (V. 68. p. 826)
c*&r
St. Louis div. 1st m., $15,000,000, g.lC
Col M.,g.,$9,500.000, s.f., seo.M.&0.gen.4sGo*&r
Mobile & Ohio bonds— See Mobile & Ohio RR.
O.— On properties practically owned by (*) or
Ce.c
*Atlantio * Yadkin 1st M., g., guar
,
flRichm.
II
&
Mecklenb., 1st M., $315,000, gold...o
Atlanta & Charlotte— Stock
Pref. M. (old 7s ext. in 1897, V.64, p.286) cur.o"
INTEREST OR DIVIDENDS
Rate per When Where Payable, and
Outstanding Cent.
Whom.
Payable
Amount
6
1881
1882
1874
1882
1889
1873
1880
1881
1886
1884
1884
38
38
347
50
309
552
1,020
95
66
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
a 1,025, 000
5,6
5
4
b2,531,000
6
g.
J.
1880
1886
1879
1885
Equip. Trust bonds, gold, s.f.,subi to oall.Ce.o*
1,000
1,000
1,000
1,000
3,106,000
12,770,000
1,000.000
2,000,000
5
5
J.
6
6
g.
g.
g.
g.
4^,
f*
6
4
g.
4g.
J.
J.
J.
J.
4
iM.
100<feo.
6g.
6g.
292
28
24
365
J.
J.
J.
5
$2,000,000
5,660,000
5,997,000
3.368.000
125,000
400,000
500,000
7,634,000
4.859,000
A.
5g. M.
5
J.
-m
M.
M.
M.
P.
M.
J.
J.
M.
4,500,000
1894
1,000
1898
5,183,000
1,000
23s, 600
1879 lOO&c.
1 50,000
1898
500
11,750.000
1901
1,000
8,035,000
1901 l.OOO&o
1,020
421
g.
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
J.
J.
J.
do
do
do
do
do
do
S.
J.
N.
Safe D.
A Tr.
J.
J.
do
do
do
J.
J N. Y.
,
J.
do
do
do
do
do
do
LEASE DTO(tf
166 1899
31 1899
)
South ERN RY.
4 g. 'A.
1,500,000
4 g. M.
315,000
1,700,000 7 In 1904 M.
4 0. A.
500.000
J.
7
4,250,000
A.
4
750,000
3 g. A.
1,650,000
1,000
1,000
100
265^ 1877
1,000
1,000
,
Also has one-sixth interest in Richm'd- Washington Co., owning union
between Richmond and Washington, 115 miles. V. 75, p. 449.
Has perpetual trackage rights over Atlantlo Coast Line RR.
between Savannah, Ga., Jesup and Jacksonville, Fla., 152 miles.
affiliated but operated separately (See each Co.)
119
357 Northern Alabama
Alabama Great Southern
397
336 Georgia Southern & Fla
Clncln. N. O. & Tex. Pacific.
Organization, Etc.— A reorganization In 1894 of the old Richmond
& West Pt. Ter. system per plan in V. 58, p. 363, 385. See also V. 56,
Numerous lines have since
p. 858, 874, 1016, 1058, and V. 57, p. 61,
been acauired by lease and purchase.
In 1902 Atlantic Valdosta & Western Ry., 1 12 miles, was merged In
Ga. 80. & Fla. V. 74, p. 1309; V. 75, p. 982; V. 77, p. 699 In 1903-04
the Southern Ry. and Louisville & Nashville acquired $13,670,300 of
the $15,500,000 Ohio. Indianapolis & Louisville stock In exchange for
their joint 50-year 4 p. 0. bonds. V. 74, p. 1029, 1090.
Stock. Authorized $120,000,000 common and $60,000,000 five per
cent non-cumulative preferred stock. No additional mortgage can be
Sut upon the property, nor can the amount of the preferred stock be
lereased without the consent of holders of a majority of the preferred.
As to question whether the pref. is subject to call, see V. 72, p. 1136.
VoTDJa 1 rust.—A majority of both olasses of stock Is deposited with
three stock trustees under an extension consented to in 1902. The stock
shall be held by the stock trustees and their successors, jointly, until
Oct. 15, 1907, and thereafter until terminated by a vote of a majority
of the stock absenting thereto, although the stock trustees may, in their
discretion, deliver the stock at an earlier date. Stock trustees: J.
Plerpont Morgan, Charles Lanier and George F. Baker. Provisions
Of voting trust and pref. stock cert. In St.pp. of April, 1897, page 6.
line
I
|
extension, see V. 75, p. 442, 612, 1033.
55
$112
Dividends (p. o.) ) '97 '98 1899 1900 1901 1902 1903 1904 1905
3
4
5
Apr.,2ifl
on preferred.
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
V
$120,000,000 gold bonds.
77, p. 230), as follows:
Issued to June 30, 1904 (of which $3,477,000 In treas.)... $42,982,000
prior bonds" (see V. 59, p. 785)...
65,020,000
Issuable only to 8tock8
59 '?' 786 )
< 8eeV
5,700,000
r«Hre r^ert-iin1
retire certain
^ equipment obligations (see V. 59, p. 786)
355,700
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)
5,942,300
Prior bonds must be paid by maturity.
Divisional First Mortgage bonds, issued in 1898 on account of purchase of Memphis & Charleston Ry., bear 4 per cent interest from Jan.
then 4^ 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 for which co .tracts were reported
let in 19o5, replacing trackage between Stevenson and Chattanooga,
38 miles, and $1,417,000 was held for betterments at not exceeding
$100,00" yearly. See V. 67, p. 179.
Second mortgage on former Memphis <fe Charleston secures $2,500,
000 of 5 per cents, of which $1,500,000 owned by So. Ry. June 30,
1904 and $1,000,000 reserved for improvements. St. Louis Division
mortgage covers the former Louisville Evansville <fc St. Louis RR.,
consisting of 374 miles of main line and branches, the balance unissued, $<, 250,000, being reserved for extensions, improvements or
additional equipment. V. 72, p. 138.
The collateral trust 4s of 1901 have been issued dollar for dollar in
exchange f >>r the Mobile & Ohio general 4s as acquired, by a pledge of
which they are secured.
Stock trust certifleates for M. & Ohio
stock have also been issued, upon which dividends are payable at 2 per
cent for one year, 3 per cent for the second year and 4 per cent in
perpetuity thereafter. V. 72. p. 242, 822. In 1904, $8,011,000 of the
$9,472,000 bonds and $?>,' 32.600 of the $6.u70.600 stock had
been deposited. V. 72, p. 439; V. 73, p. 664. See M. <fe O. statement.
Jointly with St. Louis <fe San Francisco RR. guarantees bonds of
New Orleans Term. Co. V 77, p. 38, b99; V. 79, p. 14t>6.
Equipment trusts mature as follows: Series A, $225,000 each
in Mav and November, 1901, and $213,000 May 1 and $212,000
November 1 in each year thereafter; Series B, $180,000 each,
Mar 31 and Sept. 30, 1902, and $170,000 each M.&S. thereafter; Series
C, $223,000 on June 1, 1903, and $229,<>C0 each J. & D. thereafter;
series D, +177,000 each M. & N. beglnniug Nov. 1, 1^03; series E
$150,000 each, J &D., to June, 19' 6 tool., and $147,000 ea h, J. & D.
thereafter; ser. H
$225 000 each M. <* N In Sept, 1904, connols
were being Issued in exchange, dollar for dollar, for the $2,000,000
Charlotte Columbia & Augusta 1st 5s; $870,000 had then been exchanged. V. 73, p 1265.
General Finances.— In Apr., 1901, $15,000,000 five year collateral
trust bonds (*ltt,000.000 authorized issue) were sold, sec red by
stocks ana bonds in the treasury, giving an annual income of $^-3 ,172, the proceeds being used to refund the $4,000,000 coil, trust certfs.
Of 1901 and $10,000,00 cenfs. of indebt. V. 78, p 1*24, 1448. 2385.
Latest Earnikgs-11 J 1904-5. .Gross, $44,31 6,033; net, $12,172,300
mos., July 1 to May 31. 1 1903-4 ..Gross, 41,659,929; net, 11,194,810
For 6 mos. ending Deo 31, *04. net $7,610,546, against $6,874,911
to 1903; other income, $604,540
oharges, $4,727,698
dividends,
(21, p. c), $1,600,000; bal., sur, $1,987,388. V. 80, p. 1054.
1
-
;
,
>
;
1909
1910
Nov. 1,1910
8ept. 1,
Jan., 1.
Co., Bait.
Var. 1906-31
July
1936
1924
1914
do
do
do
July
Nov.
July
P. Morgan & Co. July
1,
1,
1,
1,
1930
1956
1918
1925
do
do
Sept. 1,
1,
1,
1,
1,
1,
1938
1996
1913
1998
1951
1938
1,
1,
1949
1948
Feb.
do
do
do
do
July
Phil.,Tr.SafeD.&Ins.Co. July
N. Y., J.P. Morgan & Co. July
Jan.
do
do
Sept.
do
do
&
&
O. N. Y., J.P.
N,
do
& 8
& O,
& J
& O
Morgan & Co
do
N. Y., Central Trust Co
do
do
do
do
do
do
r 265*2 1877
mortgage
500
1880
Income bonds (not cum.) 6s, interest at 4 p. c.r
"98 1896
& O N. Y..J. P. Morgan
1,000
'Georgia MidlaDd 1st mort interest guar.Ce...
b $1,325,000.
Also additional amounts pledged June30, 1903, under flrstc onsolida ted mortgag e: a $22 5,000:
As to
Jan. 1, 1916
Jan. 1, 1922
Jan. 1, 1915
Apr. 1, 1927
Co""
1st
.
Dividend.
Morgan & Co. May
do
N.
pal.When Due.
Stocks— Last
1,
1,
1,
N. N. Y., J. P.
do
A.
S,
by
N. Y., J. P. Morgan & Co.
O.
S.
Bonds— rnnol-
:
Apr.
Nov.
Mar.6,*05, 3»«
1907
1907
1907
1946
Jan.
Jan.
Jan.
& Co
1,
1,
1,
Annual Report.— Fiscal year ends June 30. Annual meeting Is held
the second Tuesday in Ootober. The report for 1903-04 was given at
length In V. 79. p. 1456. 1465. See also editorial p. 1436.
Traffic.— The freight tonnage is widely diversified, which Is an elestrength. Agricultural products in 1903-04 furnished only
about 12 per cent (cotton about 4 per cent), while over 41 per cent
was from mining industries (30 per cent being coal) and about 28 per
cent was product of manufactories. Ton rate, 0-933 cents per m.; trainload. 225 tons. Earnings, etc. (inolud. the St. Louis division, 374 miles,
for the entire year, but in income account in 1901 only for 6 months
actually operated), have been as follows:
ment of
1901.
1902.
1903.
6,799
6.743
7,129
$
$
$
28,081,034 24,942,460 23,617,452
Freight
9,065,805
10,804,542
9,601,360
Passengers...
3.014,515
3,168,428
3,468,485
Mail, express, etc.
45 109,777 42,354.061 37,712,248 35,697,772
Gross earnings
11,994,310 ll,3e'4,921 10,865,411 10,316,857
Net earnings
1,211,261
824.509
498,706
1.395,181
Other income
Total net income 13.3d9.4vtl 12,576,182 11,689,920 10,815,563
8,952.329
8.446,041 7,833.614
7,181,296
Interest and rentals
255,409
1,03Q,569
422,663
93,767
Other deductions..
3,tOo,b97
3.40b,594
Bal., sur. for year
3,707,478
3,540,500
Divid. on pref
(5)3.000.000 (5)3.000.000(5)3.000,000 (4)2,400,000
Officers.— President, Samuel Spencer, 80 Broadway, New York;
Seo'y, R. D. Lankford, 80 B'dway, N. Y.; Treas'r, H. O. Ansley, 1300
Pennsylvania Avenue, Washington, D. C.
Directors.— A. B. Andrews, Raleigh, N. C; Joseph Bryan, Richmond, Va.; W.
W. Finley, Washington. I). C.: S. M. lnman. Atlanta, Ga.: Adrian Iselln Jr..
Samuel fpeDcer Charles Steele, James 1'. Wood wara, Harris C Fannestock,
Robert M. Gallaway, Charles Lanier and Edmund D Randolph of New York.
—(V. 79, p. 2797; V. 80, p. 473, 1 054, 1857, 262,2; V. 81, p. 32, 156.)
Tears end. June 30.
Average miles oper.
1904,
7,164
$
30,032.416
11,314,045
3.763.316
Southern Railway, Carolina Division.— Charleston,
S.
0.,,
to Augusta, Ga., with branohes to Columbia, S C, etc., 252 miles;
Camden, 8. C, to Marion, N. C, 171 miles; Asheville, N. C, to Alston,
Leased
S. C, 134 miles; other branches, 138 miles; total, 695 miles.
Southern
Stock
Railway.
hern Railway.
authorized. $7,798,700, all
Of the generals of 1902
are
reserved to retire
($18,000,000 authorized),
$6, 60 000
maturity the underlying divisional bonds, $5,000,000
at or before
been used to reimburse the Southern Ry. for the previous purhave
chase of the several properties, and the remainder are available for
Improvements, equipment and extensions, $4,000,000 being reserved
for a northwestern extension into and through the States of South
Carolina. North Carolina, Virginia, Tennessee and Kentucky.
V. 75,
p. 136. President, A. B. Andrews.— (V. 75, p. 31, 136.)
to
the
owned by the
s*ou
&
RR.—
Owns and operates Johnson City, Tenn.,
S<> ii ih
Wester n
to Spruce P>ne, N.C., 64 miles: also graiied Johnson City, Teun.. to Gate
City. Va.. 32 miles, and Clinchport, Va.. to Minneapolis, Va., 40 miles.
In Juiy, 1905, prei arations were being made to extend tie road,
pro'-ably to the Toms Creek coal fields and a connection with the Seahi, p. 212.
board Air Line in NoittiCrolica
Western and of the Crane's Nest
In Jan , li'05. control of the South
Co., owning about 112.000 acres of ctal lands (V. 75, p. 908), was acquired by the Clinchtield Corporation, with $2,300,000 stock, which Is
now controlled by Seaboard Air Line Ry. inerests. V. 79, p, 1705:
V. t-0, p.ll8,2i3, 22-1.
outstanding, $100,000 ; par of
8to< k authorized. $10.000,000
shares. $100. The bonds are subject to call in whole or part (by lot)
at par and accrued interest on or before Jan. 1, 1907, on 90 days'
notice, coupon* to Jan. 1, i905, inclusive, being at the rate of 3 per
cent yearly, those of July, 1905. and Jan., 1906, at 3*% per cent and
thereafter at 5 per cent per annum. V. 76, p. 4 36. For year ending
June 30, 1^04, gross, 1-110,087; net, $26,960; charges, $2^,307; bal.,
Pres., George L Carter.— (V. 80, p. 2221; V. 81, p. 212.)
def., $1,347.
south went Pennsylvania Ry.— Greensburg, Pa., to Fatrchance,
Pa., 45 miles, and branohes, 83 m. Leased to Penn. RR., which pays
net earnings as rental and owns most of tte $1,499,910 stock; also
$600,000 bonds. See V, 80, p 1914.
'94.
'95.
'96. 1897 to Apr., 1905.
DlVIDENDS.- > 1892.
93.
9
10
Percent.... S
10
10
11
11
10 per cent yearly.
Gross.
Net.
InU.taxes.dtc.
Tr. Dec.3\.
Divid'ds.
* Balance.
V
&
;
.
—
$1,811,930 $666 0*9 $$142,520
$149,990 sur.$3t-9,0-<2
695 681
5387,354
2,187,441
149,990 sur. 167,889
* Includes $1.^.503 other income in 1904, $9,552 in 903.
5 Includes
improvements, $31,093 in 1904; r ?67,863 in 1903.— (V. 80, p. 1914 )
Southwestern KK.((>a.)-Ownf Macon, Ga., to Eufaula; Fort
Valley to Columbus, Ga., etc., with branches; total, 333 miles
Leased for 101 years from Nov. 1, 1895, to Central of Georgia Ry. at
1904
1903
....
'
a rental of 5
p. c.
on stock.
As
to suit, see V. 71, p. 809; V. 73, p. 1062.
Spoxane In<ei-natfonal RR.— Und«r
construction from Spokane, Wash., to Yahk. Brit. Col., on the Canadian Paciflo Ry.. about
140 miles, to be completed in 1906. Cat aolan Paciflo parties, with
which road has a traffic agreement, have an Inter St. Stock, $i, 000 000;
par of shares $100 Bonds. $4 000,000 (see t.ble above) have oeeo.
v, 81, p. 1 6
President, D C Corbin, 8ookane, Wash.; -*e«,
sold
and Treas., Alfred C. Chapin, 192 Broadway, N. Y.— (v*. 81, p. 156.)
—
4Z*
RAILWAY STOCKS AND BONDS.
/£
Chariton
QuiNpJ^ys^feumwa
<t
^JGalesburg
J~
/^T*1 —^~~7
/
,
[Vol. lxxxi.
{
^-EL-Madison,
JT&
Keokuk)
«*
.Jos
fQuincj
^NeXCa_stle
HAN.
tforth
Bement
7\Tnd. D6tk(;urr~5E5:
<JO.
sP
yBrunsuricl
troUton
rpencastle
^oS-^^^.
Moberly&
r
6w.|
Louisiana^U-
we
HauteV
/
"ftjS**A
\Boonvil
^Altdn/ ""^"J^andalia
Paolai
sr.
A'
<-Oj
i.St.Louis
BAtT.
OHIO
*
\
PAC.
£Centraha\
Clinton
^«%*
o
Nevada
Duquoin
Boliv
,
Bismarck <5*
^C
|
'•$:
^—
o^VIurphj-sbor
=^Qw-ensboro
.TO/
-*/A
eel;
-ft.'
I
—i
"J<5pfii
^Mammoth
pillow Springs
Monett
Cave
^\
/^ \
Nortdnville
Padu&IT
c
>
V
TUthrie
Knobel./*
Paragdul
^ayetteviUe
^v^jj
Jc.
A*t
Hiel .man
"tSLfc
C
oomerse'
Memphis
Poplar Bluff i
/ Kings Mt.
*t?larksville
kMartii
|,
<&<
Jonesbore
^UII.'lIow KocJs,
^louteiey
fe,^
\jvitc
-«j'»l
•Newpori
Bardanelle
N
—#
/>
1
^ Vl°
N
/
Columbia
^£* / %
C *£
^
1\I
-
>
A
r4y
^ayetteYille^^%^
TS^jK
*'
Wc5
Briii klejS,
ffot
Sprints o»^
^^
*'/
—h>^^^
folly
/
.,«
HUNTSVIUf/
Spring^
el ena\
^
-ValvTr
I
//
'ineBlu
/Clarksdale
4
|
-«^
TUPE:L °
*'>JV
Q^'iut-hrop
a
j
\a^aS^
V
McGeheeV
?^^-
TT/TL CamdenVC^'
Texai^fatna
.
*
1
LewisvUlefe^-
5
1
i
~\-
Z>
J
.o»,g
~y
sr
.06
/
SIRMINGH^J
Cr f^oo
«?,
m
ENSLEV
d s°to c k
Carr<^r
'ZnL^^v^F allade ^
PERCY/
«/
^wthrop
]r
A^V^
^:
ABEHDrDEr
'4^jV
GREEN£"-?I
4"
Homer
"
i
:
(
LauderdaleD r*
I
j^^^'i""-' \
^
QUEEN
^
Meridian
^M^f"
JEST
Marion
^KSON
Opeliku
oV*" o
i't.
/<?
GirarcTjv?!
jc.
^COLUMBl
cX^Mendeiihall
Jnioi
TrojN/^
7
4-
l
° rFort
.Ozark
</
PoplWvOle
2/
Sea right
> Cal\ert)ff//
t
Gall
s
~\CoIiiiiiU
_Flomaton
\J .^ g((S
g-J
MOBILE^
Chattahoochee
^^F
J
^<^^r^^!^ onsa^ia^ r
Scrautong^*!^ P °
,
M
B
V
X
I
C
o
'
1
RAILWAY STOCKS AND BONDS.
July, 1905.
5
T
^CLEVELAND \j
{Warren
123
xWilliamsport/
/
\
Lock Haver
i>J
S Y
"'
A
V
A.
%
-lie »'ai
Ui
HARRISBURG*
nden
^HlLADELPHh
.
o
'BAi
sA
ii
GallipolisyW
Porr jMoiiih
«?M.f /!!
Gape May
tm
Ponierov
'
'
I
N'(
/I
#
May
1
I
Paris
#
^N
Iff
'Ml/
N6ST
?KEYSVILLE
'
/
*°*<
/
*<>«.
/
/
/s
LMACON
MACON
Sofkee
'\
/
/
°7
Ql
s
.'^
"ALA-
02.
— 0ce«
n
°*«,
^>
V1
'
r"
/
>-jr«3&»
t
^L AHAS£
MAP OF THE
SOUTHERN RAILWAY
SYSTEM.
ISt.Marks,
^VT
CO.
Southern Railway -owned or [eased
c Operated separately- Majority Stock Owned.
* Other lines in which the Southern Railway is interested.
,
=
Principal Connections.
Trackage Rights
,
RAILWAY STOCKS AND BONDS.
424
[Vol. lxxxi.
^/"OTYmpiX^/ Tacoma
W
»*
"^—w^^s:
A
'
O
r OA
"
i
Kalama
e
W
/fa.
**,_'^>»,l
•D Sr K
Citj
*<"
«°»e
,
.'«„'.
«fl(J
J*
-~.
s
s
otimtal'
•fil^
t» a
D
/
M
«K
s
\«
V"~;
C; ,
Qa
Missoi
m
1
*«&s<&
'M
A
»«to
P«.m
Pciolij,
"
I
F
«._<»
o
U
T
H
'
(WISCC
A
/
Jogoen
'*« -£<U f
/I
c*ei ; N
.
3
lSe
SaJ''
r^\ vHr (-,-cJ^
•ffiac)
3
^
I
o^
J^JD
V"ii 'alia
5SI
(?^ Bl
/
Santa
A
Washburn
I
X
nl^
™if'
Dt>-
KS
A«?
,
t.0**
E
*
Vx
m»o
1
'
i-^..
|sj Santa RosalisV
MAP OF THE
Southern Pacific Company's
UASHLAN
'
9
c»<.
Gold
P
''Med^rdl
1
-.i?
Vf
lorarfi-s
1
.v««
6*
£ /jUennwillo
t$J& V^fWcieadale^,
~
5?*A
c
I
k*>
-Lr~
50
MS
Mo
]
J HI
Myrtle Creeks
'
JOT
W^
',*
,
m-
'
M
N
Mi
Roscburg
?° r <J
)
^jjg
Oakland
jisbutf
5
*W &
J
w.
°
Owi*i&p£ Pea Moil
lisyiU*
J>*
o QComstock'a
I
SKA
LV
cv"*/
\
1„ B R A
C'olesl
/""S**^K Y^V
V?
5.
s s.s.
i>_
UN-4
,C
T0RRE0f}>
SYSTEM.
yDURANGO/
r^'SissonU !
1
...
t ' S/"x
Sprs.n*&"
2La
DunsmuirSa?**'
^J
Uppers.
'Soda
Ix)wer^uta Sprs.
W^
^iDeltar'
^ 4 *
fei
vv o,
i
^Redding
*ii.derso
^
^
f>C
SALT
3
ed Bluff^ £
T E HA« A
JpTc\
V>
W,/
^
* \
Shaf
L^
Vltn
Terminus o-/°'^Sl
CLejjiifffiJo.
Pro,v^ CiW\\
«>;/«
Uumbol'dl
vColasa Jc.
>
Eureka
Tinticd
\Neiil
Xkiafic
''
:
•\
l*«
^
Y
Virginia City
JOUND HOU5C
> A^"" T('Nl ^JfiOUNO HOUSE
1 i'^iN
^||N|#fer:^ »%>>
\™v«Llt«C
v
Deser
)Munti
i
«Sff
%,.. s„ ^
r
Frisco
<
,
SAN FRANCISCOo;
^^ v .,
San
ADA
f
CANOELAHI*
'
Summit
I
YS.v
Pioche o
LSAN JpSE
BOUlipER CBEE
IVV\ FELT0
*L.
SANTA CRUZ.GJ
l
wCARN*p£RO'^^IVo^
k «<-5c.^"
/
Q^
\^ fDlbliol\ricck
V^
^r^f°
QtoeM
\
^
45
\
tv
^
Teaoli
^Jf
>°w^;ol
^^Ksy
w^oi^
\
Springs/
/.#
Ash Foil
"ft
^.-/^y^*^/^
'*y.
Fl»- stafff
^Losui;
^
N
(
C'--
po^'r*
:H\^
^
.v^
^/>,^
!;
!>•<»«,'••
v.,"
Eao
ALA.P
CaiexicoJ
OF THE
SOUTHERN PACIFIC COMPANY
«o7
I
M
B
pac.
of
C^
X
/
PACIFIC SYSTEM.
J
',''';
.
!i
July, 1905.
J
RAILWAY STOCKS AND BONDS.
c
RAILWAY STOCKS AND BONDS.
426
RAILROADS.
Miles
Date
Size, or
Amount
of
Par
of
For explanation of column headings, Ac, see notes
Outstanding
on first page of tables.
Road. Bonds Value.
Southern Ry.— (Con. )— TTNo.Car., stock, 7%, guar.
^Mobile & Birmingham RR., prior lien, g.Ce...o
Me
1st mortgage, $1,200,000.
Preferred stock
Northern Alabama Ry.—See that Company.
1T Atlantic A Danville 1st mortgage.
c
Me
2dM.,g Xa
Southern Railway, Carolina Division—
1fSo. Carol. & Ga., 1st to.., g., $5,250,000. Ce...o*
•Spart. Union A Col., $1,000,000, gu. Ash. & Sp.g.
Sumter <fe Wateree River RR. 1st mortgage. Ce.
General mortgage, $18,000,000, gold.N
South d Western— lBt M., $600,000, g.,red. (text).c
Southw Pennsy.— \stM.,s. f ,$5,000 y'rly.notdr'n.r
fouthwestern ( Ga. )— Stock (see text)
Spartanb'g Union dk Columbus— See Sodth'n Ry.,
Spokane in erna ional— 1st M., $4,000,(00, gold.
$100
149
149
—
1895
1895
ZOO, 1,000
200, 1,000
100
$4,000,000
600,000
1,200,000
900,000
245
1894
1895
1F99
1902
1902
1877
1,000
1,000
1,000
1,(00
1,000
1.000
5,250,000
5g. M.
1,000,000
4 g. J.
100,000
5,000,000
600,000 3 to 5 g
38
128
333
100
Caro LINAD
1905
900,000
5,191,100
rvTBION.
1,000
—
'.
Inlon Depot Co.— V.
A
Port Morris
77, p 770; V. 79, p. 2589.
RR.— Owns 6 m. double track
and connects the N. Y. Central A Hudson with the N. Y. A Harlem.
Leased to New York Central till Deo. 31, 1970. at 8 per cent on stock.
Stanley Merrill A Phillips RR.— Stanley, Wis., to Jump River,
32 miles. Stock, $100,000; par of shares, $100. Bonds, see table
above. For year ending June TO, 1904 gross $94 900; net $7 083;
President, 8. G.
total deductions $16 949; balance deficit. $9 866
Moon; Vice-President, C. D. Moon; Treasurer, J. T. Baiber; Seo. and
Auditor, F. H. L. Cotten; Gen. Mgr., K. C. Morehouse, Stanley, Wis.
Owns Monroeton, Pa., to Berenice^
Sullivan
State Line
Pa., 24 miles. Stock, $980,250 (par $50.) Dividend, 1 p. c paid Deo7, 1904. Mortgage covers 5,000 acres coal lands. The bonds are subject to call at 105, after 1914 at par. V. 67, p. 1209. Road leased till
1934 to Penn. A N. Y. Canal A RR. (rental, $40,000 per ann.), and so
oper. by Lehigh Valley.- (V. 74, p. 479, V. 76, p. 332.)
Staten Island Ry.— Clifton to Tottenvllle, 12-64 miles. STOCK.—
$1,050,000, of which *569,850 owned by Baltimore A Ohio; par, $75.
Year ending June 30, 1904, gross, $196,038; net. $9,383; int. and
taxes, $31,361; balance, def., $21,978.— (V. 61, p. 737.)
Staten Island Rapid Transit Ry.— Purchased at foreclosure
Apr., 1899, sublect to first mort. by B. A O. V.69, p.284. (V. 80, p. 32.)
Ry.— Collins to Wadley, Ga.. e 4 mile a Stook,
Stlllraore Air
$175,000 Bonds, $3*0,000 first gold 4s due 19. 0. Year ending Dec
31, 1904, $44 649:[net, $3,817. President and Treas., Geo. M. Brinson;
Seo. and Auditor. C. Nevllie, Stillmore, Ga.
sum k bridge
Pittsfleld
See N.Y. N. H. A Hart. RR.
Suffolk A Carolina Ry.—Suffolk, Va., to Edenton. N. C, on Albemarle Sound, 50 miles; branch from Beckford to Elizabeth City,
N. C, 25 miles. Controlled In Baltimore. V. 78, p 1499.
Stock authorized, $1,000,000, of which $800,000 is outstanding, a
stock dividend of 100 p. 0. having been declared Jan., 1 903; par
of shares. +1(0. Of the 1st consol. 5s of 1902 ($1,000,000 authorized
Issue) $650,000 were issued to retire $120,000 of the old 6s, build extensions to Edenton and Elizabeth City, 42 miles, standard-gauge the
road and lay 60 lb stt-el rail, the balance being reserved to retire
There
$95,000 old 6s due 1911 ai:d for future requirements.
are also $100,000 (authorized issue $300,000) 4 p. o. non-cum. Income
bonds. V 76, p. 103: V 79, p. 734. Year ending June 30, 1904, gross,
007; total deductions, $25,949; bal.. sur., $24,058.
$103,884: net,
Pres., Wm. H. Bosley, Baltimore, Md.— (V. 78, p. 1499; V. 79, p. 734 )
RR.—
A
,
Lmr
.
RR.—
A
$0
Sullivan Comity RR.— Road from Bellows Falls to Windsor,
26 miles. Road opened 1849; operated since April, 1893, by
Boston A Maine. Net earnings, less taxes and interest on bonds, paid
lessor. Stock, $500 000, owned by Vermont Valley RR. For year
Vt.,
1903-04, gross, $358,162; net. $68,057; Interest, taxes, etc., $28,003;
dividends (8 p. 0.), $40,000; bal., sur., $54.- (V. 65, p. 867.)
Snncook Valley RR.— Owns road Suncook to Pittsfleld, N. II., 17
miles. Leased till 1912 to Concord A Montreal for 6 p. 0. on $240,000
of capital stock; total stock Issued is $341 ,700, of which $101,700 is
non-dividend paying. President, Hiram A. Tattle, Pittsfleld, N. H.
Snsqnehanna Rloomsburg A Rerwlck RR.— Watsontown
V. 75, r. 343.
Stock, $1,000,000, all
to Berwick, Pa., 42 ml es.
outstanding; par of shares, $50. Bonds, see table. V. 75, p 1303.
Year ending June 30, 1904, gross, $56 509; net, $12,317; deductions,
$31,?5 ; bal, def.. $19,035. Pres., J. Henry Cochran, Williamsport,
Pa.-(V.75.
p.
1303)
Snsqnehanna A Vow York RR.— Owns Towanda, Pa., to
Ralston, 43 miles; Gray's Run Branch, 25 miles; other branches,
3H miles; tram road branches and sidings, 14 m.; trackage (including
7 miles of siding*), lS'sm.; total, 99 miles. A consolidation In 1902.
V. 75, p. 291. Stock, $2,000,000; par of shares, $100; outstanding,
Bonds ($2,000,000 authorized) are 4>«s, dated Deo. 1,
$1,212,100.
1902, and due Deo. 1, 1932, but subject to call In ten years; outstanding, $937,000. All the stocks aid bonds are owned by the U. 8.
Leather Co. V. 80, p. 872. For year ending June 30, 1904, gross,
8214,136; net over taxes, $55,967. President, O. 8 Horton; Treas.,
F. E. Bradley, Williamsport, Pa.— (V. 75, p. 291, 395; V. 80,|p. 872.)
Stanhope to Franklin, N. J., and branch, 30 m. Oper.
Sussex
by Del. Lack. AW. .which owns a majority of the $1,638,600 stock. Dividends from earnings of 1899, 3 p. c; 1900, 4 p. 0.; 1901 to 1903, both
inc., 2 p 0. yearly; 1904, 5 p. 0. The $235,500 7 p. 0. bonds due Apr. 1,
1903, were paid off at maturity. For oal. year 1904, gross, $237,418;
net, $108,398; taxes, $4,645; dlvs. (5 p.o.), $81,930; bal., sur., $21,823.
IV. Y.
Geddes, N. Y.,to Blng
Syracuse Rlnghamton
hamton, N. Y, 81 miles. Controlled since 1869 by Delaware Lack. A
W., which. June 30, 1904, owned $1,909,400 stock and guar, the bonds.
'88
'90
'91
'92 to Aug., 1905, Indus
Dividends
'89
>
13
8
8
Percent
12
8 yearly (2 p. 0. qnar.)
)
Int.
Gross.
Dividends.
Net.
Report.
Balante
$l,294,20f5 $466,773 $137,890
$200,000 sur.$123.883
1904
—(V. 65, p. 568.)
1903
1,220.655
476,849
137,620
Corning Ry.—Corning, N. Y., to Geneva,
Syracuse Geneva
N. Y., 58 miles; Penn Yan to Dresden, 6 m. Leased from May 1, 1 899,
for term of corporate existence to N. Y. Central for $46,375 per annum, payable quarterly, Interest on bonds and other obligations, taxes
and repairs, the N. Y. C. owning $821,800 of the $1,325,000 stock, par
$100. Rental equivalent to 3>u p. c. on stook- (V. 75, p. 1033.)
RR.—
A
A
RR.—
J.
J.
J.
3,925,000
775,000
,
Spuyten Dnyvll
A
A
&
A
A
A
F.
g.
1.000
1,000
A
Springfield
7
5
4
4
Tacoma
Whom.
Payable
Cent.
1900
1904
See text.
100
989,000
6
Srniylen 7>MT/tnfrfPVJ/<>r.~8tock,8p.o.gu.,N.Y.Cent.
300,000
32 1903
1,000
Stanley Merrill <£ Phillips— lBt mortgage, gold ..
24 1898
1,000
207,000
Stale Line <6 Sullivan— 1st mort., $300,000, g.Unc"
Ohio.
Siaten Island Ry. and taten Island Rap. Tratuit— See B ALTIM ORE
1886
90,000
Suffolk <t 'arolina— 1st mort
650,000
1,000
75 1902
1st consol. mort $1,000,000, gold, red. 110 ..o*
1,000
357,000
1894
....
Sullivan County RR.— 1st mortgage, $400,000....
Sunbury Hasle. <& Wilkesb.—Sunb'ry <6 Lewistown- See P ENNSY LVANIA RR.
240.000
100
Suncook Valley— Stock, 6 p. o. rental Con. & Mon
700.000
42 1902
1,000
Susq. Blooms. <P. Bene.— 1st M., $700,000, gold.FP
100
2,500,000
81
Syracuse Bingham ton <£ New York Stock
1.000
1,960,000
81 1876
Consol. M.(p. andi. gu. (end.) by D.L.AW.).F.o*&r
Corning— Stock (S^p. o. rental)
100
1,325,000
Syracuse Geneva dt
311,900
sinking fund, drawn at par.F. ..c
64 1875 100 <feo.
1st mortgage,
600,000
64 1879
1,000
c
2d mortgage.
1.000
754.000
58 1903
Tat. East.- 1st M $1.500,000.g.r'd llO.beg.'OS.ICc
F
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and by
278
278
16
[Vol. lxxxi.
4 g
J.
4g-
J.
<fe
&
<b
A.
J.
J.
J.
Bo-iuis— Jfrinoipal, When Due.
Stocks— Last
Dividend.
Burlington, N. C.
Aug., 1905, 3**
N.Y., J. P.Mergan&Co. July 1, 1945
J.
do
do
July 1, 1945
July 1, '05, 2%
do
do
N. Y., Mercantile Trust.
New York.
J.
N. N.Y., J.P.
Morgan A Co. May
do
do
do
J.
O.
July
July
do
do
do
Jan.
Apr.
1,
1,
1948
1943
1,
1,
1,
1,
1,
1,
1919
1995
1919
1952
1952
1917
July
A J.
Jan.
J. Invest. Tr. Co., Phila.
7
A A. Phila., Broad St. 8tat*n Feb.
5
& J. Saw, Ga. A Maoon, Ga. J'ly5,'05,2i3%
July 1. 1955
5g. J. & J.
J. A J. N. Y.. Gr'dCent.Station July, 1905,4%
8
5 g. M. A N. Offloe, Kau Claire, Wis. Mav 1, 1918
4^ g. J. & J. N. Y., Union Trust Co. Jan. 1, 1929
4. A O.
Apr. 1, 1911
6
8 J. A J. Int'n'l Tr. Co., Balt'me, July 1, 1952
I
A. & O. Bos. Safe Dep. A Tr. Co Apr. 1, 1924
6
J. A J M'nch'st r,N.H.,Nat.Bk July, 1905, 3%
5 g. A. A O. Phila., Fidelity Tr. Co. Oct. 1. 1952
8 in 1904 Q.— F. N. Y, D. L. A W. RR. Co. Aug. 1, '05. 2%
do
7
A. A O.
do
Oct. 1, 1906
<fe
'
,
3ifl
7
5
5 e
Q.— F.
M15AN.
M.
J.
A
A
N.Y., Gr. Cent. Station. Aug. 1,'05, ?s%
N. Y., Farm. L. A Tr. Co. Nov. 15, 1905
8. N. Y., Gr. Cent. Station. Mch. 1, 1909
Oo..Chio. Jan. 1. 1923
J.'N. W.Harris
A
RR.—
Eastern
Owns Tacoma, Wash., to Ashfords, 55
miles, to bituminous coal fields.
Stock, common, $750,000; pref., 6 p.
c; non-cum., $750,000; all issued; par of shares. $100. Of the bonds
(see table above) additional amounts up to $1,000,000 can be issued
only at the rate of $13,000 per additional mile of track. V. 76, p. 655.
President, Edward Cookingham, Portland, Ore.; Secretary, E. M. Hayden, Tacoma, jJre.— (V. 76, p. 655.)
Tallulah Falls Ry.— Owns Cornelia to Clayton, viaTallulah Falls,
Ga., 35 miles; extension from Wylie to North Carolina line, 13 miles,
is to be completed during 1905.
Stock authorized. $500,000. of which
$2 0,00'iis5p o. non-cum preferred; par of shares, $100. Bonds are
limited to $15,000 per mile. Year ending June 30, 1904 (32 miles),
gross, $30,148; net, $8,669. President, Geo L. Prentiss, 31 Nassau
St., N. Y.— (V. 75, p. 241.)
Tehuantepec National Ry.—V. 74, p.
Temiscouata Ry.— V. 79, p. 1462.
94; V. 75, p. 794.
RR.—
Tennessee Central
Harrlman, Tenn., v esterly to Hopkins251 miles; branohes, 59 miles; lines at Nashville terminals, 10
miles; total, 320 miles. Extension from Nashville northwesterly, via
Clarksville, to Hopkinsvllle, Ky., 73 miles, was completed in Deo ,
vllle,
1903. Leases till May 1, 2001. and owns entire, $1,000,000 stock of
Nashville Terminal Co., including terminals and hrldge and 18 miles of
track. In 1904 reorganized without foreclosure. See below. V. 78,
p. 1783; V. 79, p. 213.
Securities.- Stock authorized and outstanding, $8,00",000, all 00mmon (par of shares, $100). The oltizens of Nashville on Aug. 30,
19»»l, voted to subscribe to $l,0o0,000 stock, the subscription price
to be paid on completion of the road from Nashville to Clarksville.
"ult. V 76, p. 1409: V 77, p. 2.140; V. 78, p. 13 »3, V 79, p. 152.
The co Hat. trust 5 per cent gold notes (redeemable at 102 Mi at
maiurlfj- on 30 days' notice) are secured by deposit of $4,014,000 of
the authorized Issue of $4,200,000 prior lien bon's; of the remaining
prior ieti bonds, $61.0o0 are reserved to retire ihe 84B,i 0" Nashville
A Knoxvllle 6s, due 1918. V. 80, p. 1059. In July. 1905, an arrangement to pell the deposited irtor lien it is undersood, was made.
The prior lieu 5« or 1904 are subject to call at 10 on Jan. 1, 1909
or any subsequent interest day. The general 5s ($20,000,000 authorized Issue. Mercantile Trust Co. of St. units, trustee,) are limited 'Including $4,200,000 reserved to retire the prior lien 5s) to $37,500 per
mile on the 320 miles of present mileage. The remaining bonds oan
onlv be issued for additional mileage constructed or acquired at not
over $25,000 per mile. V. 79, p. 1783; V. 79, p. 213. The Nashville
Terminal mortgage is for $1,000,000; see th t co. Pres J. O. Van
Blarcom; Si-o'y, O. M. Lalng; Treas E. A. Faulhaber.— (V. 80, 1059 )
,
1
,
,
,
Tennessee Ry.— (V. 80, p. 2221
Terminal RR. Association of St. Louis.— Property.—
Owns and operates extensive terminals at St. Louis, with belt lines and
)
bridges, and a tunnel 4,800 feet in length; operates East St. Louis A
Carondelet Ry., 12 miles, since Mar. 1, 1902. V. 74, p. 479. Touohlng
the .Missouri A 111. Bridge A Belt RR., see that company's statement.
Organization.— Organized in 1889. The following companies are
sole owners: Cleveland Cincinnati Chicago A 8t. Louis. Louisville A
Nashville, St. Louis Iron Mountain A Southern, Bait. A O. Sonth
western, Missouri Paclfio, Wabash, St. Louis Vandalla A Terre
Haute (Penn. RR. system) Chio. Rock Island A Paoiflo, St. Louis A
San Franolsco, Chicago A Alton, Chio. Burl. A Qulncy, Illlnos Central,
Southern Ry. and the Missouri Kansas A Texas, the seven last
named having acquired their Interests in Dec, 1902, and Jan., 1^03.
V. 75, p. 1355; V. 76, p. 103. These companies agree under contracts
use the property forever and pay as tolls the interest, taxes, rentals and
other oharges, and each line will contribute its proportion to the extent
of one- fourteenth to make up any deficiency from unforeseen oiroumstances. See V. 79, p. 499. See also St. L. Merohants Bridge Term. RR.
Leases.— The leases of the Bridge and the Tunnel are for their
oorporate existence, and were made July 1, 1881. As to litigation, see
V. 77, p. 299, 512; V. 78, p. 1908, 2443, 2600; V. 81, p. 32.
Stock.—Capital stock, authorized amount, $50,000,000, as Increased in Dec, 1902; outstanding Apr 30, 1904. $2,882,000.
Bonds, Etc.—The mortgage of 1889 (trustee Central Trust Company,
was described in advertisement in Chronicle of February 13, 1892.
Of the general mort. refunding 4% sinking fund gold bonds of 1953
($50,000,000 authorized) $18,000,000 have been Bold for new construction, improvements and additions $1",500,000 are reserved to
retire existing bonds and $14,500,000 for issue after Jan. 1, 1906, at
not over $1,000,000 yearly for Improvements and acquisitions. A sinking fund 00 nraenolng July 1, 1906, will retire $100,000 of these bonds
yearly by lot at 110 and interest If not purchasable for less. The entire issue is subject to oall at 110 and Interest on and after Jan. 1,
1910. For property mortgaged, see V. 76, p. 267, 383,481, 807. Sea
full statement, V. 7*. p. 49t>.
Guarantees $3,500,000 St. L. Merchants' Bridge Ter 1st 5s and inter'
est on $2,000,000 1st 6s of Merchants' Bridge.
See those companies.
Annual Report.— Year changed to end June 30 Next report will
be for year ending June 30, 1904. Report In V. 76, p. 807, showed:
Fear—
Gross
Net.
Other inc.
Oharges.
Balance.
1903. ...$2,726,293 $1,317,677 $382,958
$2,. 33 '.59 def.$533,024
1902.... 2,6i5,360
1,494,369
1,462,919 sur.367,345
335,894
Chairman of Board. Julius S. Walsh; Pres., W. 8. McChesney Jr.; 8ec.
C. A. Vinnedge; Treas., F. O. Daab.— (V, 79, p. lo42; V. 81, p. 32.)
:
.
.
July,
EAILWAY STOCKS AND BONDS.
1905.
RAILROADS.
Date
Miles
of
for explanation of oolunin headings, Ac, see notes
on
tlrst
page of
Size, or
Par
Road. Bonds Value.
tables.
43 1901
Tallulah Falls— 1st mort., gold IB
43 1903
c*&r
lsteonsol. mort., gold, red. 105. S
320 1904
Twin. Oeni, .— Pr. lien M., $1,200,000, g., red.MSto*
General mort.. $^0,000,000, gold. See text ..o* 320 1904
1904
Coll. tr. notes, gold, sec. by pr. l'n bds., red.text
1889
Term' I Railroad Association— 1st mort., gold.S...c*
1894
1st oonsol. mortgage, $12,000,000, gold S... o*
1903
Gen.M. ref., $i0,000,000, g.,s.f.,red.,text.Ce.o\fer
8t. Louis Bridge Co. 1st pref. stook, guaranteed.
2d preferred stock, guaranteed, endorsed
1879
o*
1st mortgage, gold
Tunnel Railroad of 8t. Louis, stock, guar, (end.)
11 1896
Terminal Ry. (Buffalo)— lstM.,$l,000,000,g.,N.o*
Terre Haute <t Indianapolis Terre Haute dt Logans port— See Va
gold.Un.. 138 1887
Serre Haute dk Peoria.— First mortgage,
138 1892
1st mort., $2,500,000, g.,gu. p. <fel. (end.).Un..c*
Texas Ventral Common stock
Preferred stook, non-cum
227 1893
1st M., $2,000,000 g., red. 110 ($150,000 4s). Fo*
111 1893
Texas Midland RR —Mort. ($750,000 is 2d mort.).
105 1875
fex.dk N. 0.o/'74— L.gr. s.f.notdrn.,lstM.ITIp.o*<fer
o*<fer
104 1882
Sabine Division 1st mortgage, gold
209 1893
o*<fcr
Consol. mortgage for $4, 195.000. G
—
$1 ,000
I
.OOO&o
1,000
1,000
l.O(M)
1,000
1. 000
l.OOOAo
100
100
500 &o.
1,000
1,000
1,000
1900
1888
1888
1901
1901
1852 500 Ao
1875
1,000
1875 500 Ao.
1885
1,000
DallasDiv.lstM.,g.,$20,000perm. (text)Un
<&
Pacific—
2d oons.
ino.
M.
o*
1st) M., g. FP.o"
($25,000,000), g. (see rem.l.Me.o*
tut oonsol.
(now
g. $12,500 per m.Mc
Texas Short Line— 1st mortgage, gold.Usm
Tioga RR.— 1st M., due 1882 and extended, gold.
1,387
1,387
Louis. Div. Br. Lines, 1st M.,
.
340
9>fl
46
Extension bonds
46
7
Elmlra State Line Railroad 1st mortgage, guar..
196
Toledo <t Ohio Central— 1st M.., g. (V. 53, p. 436). «"e
* $603,000 additional 5s and $45,000 4s in tve asury Tune 3 O, 1904;
Terminal Ry.
ot Buffalo.— Blasdell, N.
Y., to Depew, Erie
Sept. 15, 1898. V. 67, p. 530. Stock is
$1,000,000. Lake Shore A Mich. Soutfc. and N. Y. C. & H. R. RR. each
own 5,000 shares of the stock. Year to June 30, 1904, gross, $70,992;
net, $53,977; interest and taxes, $47,572; oal., sur., $6,405. Secretary, E. V. W. Rossiter, N.Y.— (V. 67, p. 530.)
Opened
Co.. N. Y., 11 miles.
Terre Haute A Indianapolis RR.— See Vanda'ia RR.
Terre Haute A Logansport Ry.— See Vandalia RR.
Terre Haute & Peoria RR.— (See Map of Pennsylvania RR.)—
Road operated from Terre Haute, Ind., via Decatur, to Peoria, 111., 174
miles, of which 138 miles are owned and half interest owned in 8
miles and 28 miles is by trackage over other roads. From Oct. 1, 1892,
leased for 99 years to the Terre Haute A Indianapolis at rental of 30
per cent of gross earnings, with a minimum sufficient to pay interest
on debt, the lease being assumed Jan. 1, 1905, by the Vai dalia RR.
See V. 55, p. 766; V. 81, p. 212. Lessee owns $544,200 of the $1,837,400 preferred and $1,338,000 of the $1,926,800 common.
Bonds —The console [Union Trust Co., N. Y., trustee], carry th e
guaranty of the T H. A Indianapolis. In 1905 all bach coupons had
been paid, the litigation being settled, the Vandah* KR Co.. succes
sorof the Terre Htute A Indianapolis, assuming the obligations of
that company under the lease V.81, p. 156, 2i2; V. 72, p. 481, 873.
See guaranty. V. 81. p 212.
Earnings.— Fiscal year ends Oct. 31. For 6 mos. ending Deo. 31*
1904, gross. $369,8ol, against $331,440 in 1903; net, 843,410, agitnet, $71,314. In 1903-04, gross, $636,532; net, $34,324: rental from
lessee, $190,960; bal., loss to lessee,
$156,636.— (V 81
Texas Central RR.— Road— Runs from Waco,
Albany and Stamford. Tex., etc, 227 miles.
Dividends (p. c )'t>6 '97. '98. '99. 1E00. '01.
in
p.
212.)
McLennan
Co.,
to
On common
On preferred
)
'02. '03. '04.
'05.
2*3 2*3 2*3 2>a
5
3
4
4
7^ 5
5
5
5
Latest Earns.— 11 mos. J 1904-5. ..Gross, $7^8,895; net, $267,731
July 1 to May 31.
t 1903-4.
^Gross, 698,382; et. 182 946
Surplus over 1 months' charges, 1239,315, agst $154,530 in 1903 4.
Report for year ending June 30, 1904, was in V. HO, p. 469, showing
gross, $735,415; net, $185,776; other income. $1,237; interest, $31,000; dividends, $132,457; bal., $23,556.— (V. 81, p. 156.)
)
3
3
>
)
Texas A Gulf Ry.— (V. 80, p. 223.)
Texas midland RR.— Road from
Ennls on Houston
A Texas
Central Ry. to Paris. Texas, 125 miles, of which 14 trackage over St.
Louis Southwestern. In 1893 purohased by Mrs. Hetty Green. Stock,
$500,000; par, $100. Total current liabilities July 1, 1904, «l,9f"0,970
For year 1903 04. gross, $457,826; net, $17,820; int. on bonds, $45,000
Pres., 13. H. R. Green, Terrell, Tex.— (V. 63, p. 839.)
Orleans RR.— {See Map So. Pac.)— Houston, Tex.,
Texas
to Orange Sabine River), 112 miles; and Sabine Pass to Dallas. 312
miles, completed May. 1903; Houston to Clinton, 8 miles; Nome to Sour
Lake, 8 miles; total 440 miles. In Mar., 1905, law was passed permitting sale of he line from Dallas to Sabine Pass, 312 m. V. 80, p. 1425.
Securities Etc.—The stock is $5,000,000, all of It being owned by
the Southern Pacific First 7s are purohased by the sinking fund at
not over 110. There were also June 30, 1904, $328,747 Texas school
fund 6s, int. M.&N., prinolpal payable 2 p. o. per annum. Lands un
sold June 30, 1904. 482,628 acres.
The first mortgage of 1900 secures bonds at $20,000 per mile on the
road extending from Kochland to Dallas, Tex., about 218 miles, a part
of which was purchased in 1899, and extensions hereafter acquired or
constructed up to 40 miles. V. 70. p. 997; V. 71, p. 183.
Equipment
bonds, $1,088,000 68, due $68,000 semi-annually Apr., 1905, to Oct.,
all owned oy So. Pac.
1912,
V. 76, p. 1302; V. 80. p 1425.
In year ending June 30, 1904, gross, $3,624,881; net, including
other income, $791,242; surplus over oharges and taxes, $184,587.
In 1902-3, gross, $3,157,685; net, $440,632.— (V. 80, p. 14*5.)
Texas
Pacific Ry.— {See Map Mo. Pac.)— New Orleans, La.,
west to El Paso, Tex„ 1,150 miles; Marshall via Texarkana June and
Whitesboro to Fort Worth, 315 m.; branches, 361 miles; total, 1,826
of which 92 miles, Sierra Blanco to El Paso, traokage, owned 1.734 m.
Branch to Simmsport La.. 22 miles, about completed in July. 1905.
Organization.— In 1888 reorganized by the plan In V. 43, p. 164, and
V. 45, p. 401, without having the foreclosure sale oonflrmed. thus preserving the original Federal charter. Land assets Jan. 1, 190S, were
61,830 acres, land notes $36,508 and $18,897 oash.
Stock.— Authorized, $50,000,000; issued, $38,763,810; par, $100
Mo. Pacific Deo. 31, 1904, owned $6,525,000 stook.
Bonds.- See 188" mortgage abstracts, V. 47, p. 82; V. 78. p. 1448.
The Weatherford Mineral Wells A Northwestern ($500,000 5s of 1902)
are guaran eed. principal and int., by indorsement. V 78, p 344
The Louisiana Branch Lines mortgage will cover all brauohes constructed or acquired in Louisiana at $12,500 per mile, but not to exceed in the aggregate $7,000,000. V. 72, p. 577, 1189.
Interest scrip, income and land grant bonds (a stook liability, referable under reorganization agreement), $113,917; other scrip, $7,775.
Equipment obligations Jan. 1, 1905, due 1905-14, $1,791,613.
Finances.— On second 5s there is no right to foreolose unless default
is made on first mortgage.
The company has been spending its earnings freelv in needed improvements; in 1900 made 1st payment on
lnoomes, viz., 1% p. c; in 1901, 4 p. c; since to Mar. 1, 1905, 5 p. o. y'rly.
A New
i
A
if owls— rTiuolpal.When Due.
by Stocks— Last
Whom.
Payable
Cent.
Dividend.
& J. Intern. Tr. Co., Boston. July 1, 1921
g.
& J. N. Y., Standard Tr'st Co Jan. 1, 1933
g.
St. L., Miss Val. Tr. Co. Jan. 1, 1934
g. J. A
J. A J. Mercantile Tr. Co., St.L. Jan. 1, 1954
Nov. 15. 1905
5 g. M15-N15
4"*g. A. A O. N. Y., J.P. Morgan & Co. Oct
1, 1939
do
do
Aug. 1, 1944
5 g. F. A A.
Jan. 1, 1953
do
do
J. A J.
g.
July, 1905, 3%
do
do
J. A J.
do
July, '05, l«fl%
do
J. A J.
A. A O. New York and London. Apr. 1, 1929
P. Morgan A Co. July, 1905, 3%
J. A J. N. Y., J.
A. A O. N. Y., Grand Cent. Sta'n Apr 1, 1946
g.
M. A 8.
Un'on Tr. Co.. N. Y. Mar. 1, 1937
R Winthrop&Co.N Y. Sept. 1, 1942
5 g M. A S.
5 in 1905 Yearly N.Y., Farm. L'n ATr.Co July 15,'05 5%
Julyl5,'05,2»*
do
do
5 in 1905 J. A J
Apr. 1, 1923
do
do
4g. & 5g A. A O.
None in 1903 04
Apr. 1, 1993
5
J. A J.
F. A A. N. Y., 8. Pao., 120 B' way Aug. 1, 1905
7
do
do
Sept. 1, 1912
6 g- M. A 8.
July 1, 1943
do
do
5 g. J. A J.
do
Aug. 1, 1930
do
4 g. F. A A.
June 1, 2000
5 g. J. A D. N. Y.,Mer. Trust Co.
5 g. Mch. 1. 5 p o. pd. Mch. 1, 1905 Deo. 1, 2000
Jan. 1, 1931
5 g. J. A J. N. Y., Mer. Trust Co.
5 g. J. A J N. Y.US.Mort.A Tr.Co Jan. 1, 1921
M. A N. Phil.,Newbold's Son&Co Nov. 1, 1916
5 g.
A. A O. Elmira.ChemungCo.Bk Oot. 1, 1905
7
A. A O.
do
do
Oct. 1, 1905
7
5 g. J. A J. N. Y., Central Trust Co. July 1, 1935
$374,000
360
See text.
5
5
5
H.000.000
3,345.000
7,000,000
5,000,000
18,000,000
2,490,000
3,000.000
5,000,000
1,250,000
1,000,000
33,000
2,197,000
2,6*49,300
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
INTEREST OR DIVIDEND**.
per When Where Payable, and
Rate
Outstanding
NDALrA RR.
—
Texas
Amount
427
1,324,500
*650,000
900.000
862,000
2,575,000
1,620,000
3,997.000
25.000,000
24.H60.000
4,241,000
175,000
239.500
265,000
160,000
3,000.000
J.
,T.
.7.
total of $i, 300,000
issued.
In Feb., 1904, all except $980,000 of the Texas A Pacitto seconds
had been exohansred for 65 per oent in new St. Louis Iron Mountain
& Southern gold 4s. V. 68. p. 525, 619, 725, 774; V. 70. p. 533.
Earnings.—Jan. 1 to July 7, 1905, gross, $5,772,* 09; 1904, $5,59 i 378.
annoal Report.— Report for 1904 was in V. 80, p. 1108, 1170.
19«'2.
1904.
1903.
Year ending Dec. 31—
1.827
1.826
$12,433,147 $12,094,744
$4,321,455
$3,808,638
61,744
171,485
Miles operated
Gross earnings
Vet earnings
Other Income
Total net income
$4,383,199
$3,980,123
$1,473,354
1,697
$11,23^,601
$3,484,311
147,830
$3,632,141
$1,428,459
(5)1,161,900
Interest on nrst mortgage... $1,490,015
Interest on 2d Incomes
(5)1,233,806
Fire claims (year 1894)
(5)1,161,900
312,297
1,422,147
296,053
1,271.994
284,514
37.424
def.$75,067 def.$223,178
$556,202
Taxes
Imp'ts, equip't, disc, eto
Balance, surplus.
V
80, p. 652, 1059,
163, H42
1108, H)U.
1175.)
Texas Sabine Valley Northwestern Ry.-V 80, p. 223.
Grand Saline, Tex., to Hoyt, 9*2 miles;
Texas Short Line
one southeast via Canton and Maybank
extensions are proposed, viz
to Corsioana, 65 miles, and northeast via Quitman to Pittsburg, about
45 miles. 8tock, 1*10,000. In Mar., 1902, Texas RR. Commission authorPres.. Fred'k R. Blount. IQ Broadway, N. Y.;
ized $185,785 bonds.
Asst. Treas., John Mulholland, 38 Park Row.— (V. 78, p. 1393.
Texas Southern Ry.— Marshall, Tex., on Tex. Pac, to Winnsboro, on the M. K. AT.,, 72 miles. On July 11, 1904,8. P
onesofMar
shall, Tex., was appointed receiver. Claims approved amounted to
1333. Foreclosure sale is set for
$726,0i0. V. 79, p. 271, 787, 905.
Aug. 1, 1905; the rolling srock was bid in at $22,000. V. 79, p 2698;
V. 80, p 713. On De i. 22, 1904, $100,000 receiver's certificates were
V. 79, p. 2 49
authorized; in Feb.. 1905, +150 00.
Stock, $79,980.
Bonds outstanding, $271 ,000 first 30-year gold 5s, dated July 1, 1902;
July, 1904, interest in default; balance of $792,000 issued being used
Collateral trust 3-year 7*2 p. e.
gold certificates
as "collateral
($375,000 authorized issue) dated July 1, 1902 ($1,000 e^ch) subject to
oall at par, each certificate being secured by deposit of $2,000 of the
Mexican Tru4 Co., trustee.
1st 5s: outstanding, $175,000; U. S.
For year end8ee V. 76, p. 159. Car trusts June a 0. 1904, $33 000
ing June 30, 1904. gross, $142,357; net, $33,553; l t. on bonds, $13,550; bal., sur $20,003. (V. 79, p. 2749; V. 80, p. 713.)
Western
V. 81, p. 212
Tid.water
Tioga Kit.— See Supp. of July, 1894. Stock, oommon, $391,200,
and $189,700 preferred; par $50.
Toledo Ohio Central Ry.— ("See Map)—This road includes
Miles.
Trackage (Z7 miles.)
Lines oioned
Miles
173 Walbrldge to Toledo
Toledo to Bremen
5
-(V. 78, p. 2385;
A
RR.—
:
A
<
A
,
RR.
A
A
Alum Creek
Truro Juno
4
"Jew Lexington to Corning
13
145
Whitmore
to
to
Thurston
Peo, to 8t. Mary's,V.73, p. 660.
60
Bremen to New Lexington
11
To Chauncej Carrington, eto. 30
,
Total operated
441
Kanawha A Mioh. (which see).. 177
395
Total owned
In June, 1901, the Hocking Valley Ry. had acquired ah exoept
$54,100 of the $6,500,000 common and $11,600 preferred stock of
the $3,708,000 in exchange for 70 per oent of Hooking Valley stock
of the same class.
V. 69, p. 1347; V. 71, p. 810. See also Hocking
Valley item, V. 69, p. 1345; V. 71, p. 865. Operated separately.
Dividends.—On common: In 1891, 2 p. c; 1892, 4; 1893,2 On
pref. April, 1890, to July, 1896, inolusive, 5 p. o. yearly. None since.
Bonds.— Western Division mortgage oovers the road from Toledo
to Truro Junction, 139 miles, and also (subject to the first mortgage of 1885) the rest of the property. See V. 55, p. 322, 545, 590, 625.
The Toledo A Ohio Central guarantees the principal and interest of
the Kanawha A Miohigan first mortgage bonds (ste that oompany) and
lolntly with Hocking Valley Ry. the K. A Hock. Coal & Coke bonds
(see V. 74, p. 271; V. 77, p. 2393) and Continental Coal Co. bonds (V.
75, p. 499); also gnar. Int. only on $300,000 T. A O. Cent. Ext. as
(foreclosed). Special equipment and betterment loan June 30, 1904,
$546,612. St. Mary's Division bonds cover line from Peoria, O., to 8t.
Mary's, 60 miles, acquired in March, 1901. V. 72, p. 284, 628.
Oth. inc. Oharges.
Earnings.— 11 mos Gross.
N'et.
Balance.
July 1 to J 1904-5.*3,448,960 $764,262 $31,590 $411,487 sr.$3*4 365
May 31. 1 1903-4. 3,252,652 679,414 91,072 432 162 sr 338,324
Annual Report.— Report for 1903-4 was in V. 79, p. 1329. Of total
tonnage in 1904, 71 p. e. was bituminous coal.
190t.
Fears end. June 30—
1903.
1902.
1901.
CJross earnings
$3,598,684 $3,446,747 $2,877,659 $2,571,722
Net earnings
927,331
907,063
705,556
720.582
109,403
Other income
31,937
17,589
7,424
Total net income
Interest, taxes, eto
$1,036,734
605,434
$939,000
613,575
$723,145
583,540
$728,006
517,651
Bal. for year.
...sur.$431,300 sr.$325.425 sur.$139,605 sur.$210,355
Pres., N. Monsarrat— (V. 77, p. 825, 1290; V. 79, p. 1T20.)
RAILWAY STOCKS AND BONDS.
428
RAILROADS.
Miles Date
Size, or
Amount
Par
For explanation of column headings, Ac, see notes
of
of
on first page of tables.
Road. Bonds Value.
Cent.— West. Dlv. 1st M., $2,500,000, g.N.o* Text. 1892
General M. (V. 62, p. 594.) ($2,000,000) g. Ce..e* 335 1894
61 1901
8t. Mary's Dlv. 1st At., g., $500.000. Itto
o*
do
61 1901
1st pref. Inc., $500,000, non oum.4%.Sr
Car trusts July 1, 1904 (principal due monthly).
Guaranteed Bonds.
1901
K.& H.C&O.M.g $3,500,000 s.f .red.HOaf ,'HMo
1902
Cont. Coal, 1st M., g., s. f., red. 110 af. '12. S
Kanawha & Michigan Ry.—See that company.
1888
Tol. & O. C. Ext., 1st M. (foreclosed), int. only gu.
Tol.dk O.
,
230
Toledo Peoria <£ West— 1st M., (for $5,000,000), g.o*
Toledo Ry. rf Term. 1st M., $3,500,000, g., guar.c*
»*•
....
Tol.Riverside lstM..g.,red.l02ia,to Mar'09 guar.
....
Tol. A.&W., M., g„ red. 102*3 aft. Sept. '07 not gu.
Toledo 8t. Louis <& Western— Com. stocK, $10,000,000
Preferred stook, 4 p. c, non-cum., $10,000,000..
F .o&r 451
Prior lien mort., $10,000,000, gold
1st M., g.. $6,500,000. red. aft. July,1925.Col.oAr 451
mortgage
96
Toledo Saginaw <t Muskegon 1st
234
Toledo Walhonding Val. <& Ohio—Stook, $4,000,000
1st mortgage ($20,000 ) A, gu. p. & Lend. Fo* )
C
0" > 234}
do
per mile) $4,0 00,000, > B,
do
o*)
gold
)C,
I
60
Tonopah-let mort., $750,000, gold, guar., red..c.
88
Tor. Ham. & Buff.— 1st M., g., $40,000 p. m. A B.o*
88
2d mortgage. $1,000,000, gold
42
Transylvania— 1st mortgage, gold ,$350.000
30
Trav. Oily Leel. A Man.— 1st M., $300,000, g... c&r
26
Traverse Oily RR.— First mortgage, gold.
Trenton Delaware Bridge- 1st mortgage
Trtn ABraz.Yal.- 1st M. ,$20,000 per m.,g.,red.OB
6
Troy <6 Oreenbush— Stook, 7 per cent rental, N. Y.C.
Tuscaloosa Belt— 1st mortgage, $100,000, gold.Ko
9
,
—
,
1887
1904
1902
1902
—Owns
1,000
1,000
3,000,000
2,750,000
1,000
1,000
1,000
1,000
1,000
300,000
4,895,000
3,500,000
150,000
175,000
10,000,000
10,000,000
9,000,000
6,500,000
1,662.000
3,000,000
1,500,000
978,000
1,453,000
100
100
1900 1.000&0
1900 l.OOO&o
1888
1,000
100
1891
1,000
1893
1,000
1902
1,000
1904
1,000
1896
1,000
1904
1902
1,000
1902
1,000
1883
1,000
1877
-mm
1904
1,000
50
1893
1.000
Western Ry.—
Organization.—In 1894 Joint ownership and management by Pa.
BB. and C. B. & Q. was arranged. Stock $4,500,000 (par $100), of
which $423,100 in treasury In 1904. Mort. abstract, V. 45, p. 242.
In October, 1894 (3 coupons), were paid $5 In cash and $15 in debenEquipment trust June 1, 1905,
ture scrip. (See V.61, p. 514.)
$249,621; bills payable, $550,000. In Jan., 1905, bills payable for
$220,000 were issued to pay off the debenture scrip.
Earnings.— 12 months, ) 1904 05 ....Gross, $1,281,192; net,$253,073
July 1 to June30
$1903 04.... Gross. 1,308,716, net, 278,736
Def. under 12 mos. oharges, $33,085 In 1904-5, agst. surp. $1,547.
Annual Report.—Report for 1903-04 in V. 80, p. 707:
Net Revenue. Int. A Taxes. Balance.
Oross Earn'os.
1904-05
$253,073
$286,158 def.$33,085
$1,281,195
sur.1,549
1903 04
1,308,716
278,735
277,186
-(V. 77, p. 770; V. 78, p. 45; V. 79, p. 734, 2458; V. 80, p. 707.)
Toledo Ry. 6c Terminal Co.— Owns a sin trie-track belt road,
28 5 miles In length, opened Oct., 1. 1903, around the city and suburbs
(Including two bridges across the Maumee River), connecting with 16
roads entering the city, with 2Vmile branch to terminal station; total,
31 miles; to he double-tracked later. Facilities are used by the
Cln. Ham. & Dayton, Toledo & O. Central, Tol. Angola A Western. Pere
Marquette, Detroit A Toledo Shore Line, Pennsylvania, Wheeling
Lake Erie and Ann Arbor, oars being also Interchanged and handled
for all the steam lines entering the city and various electrio lines. V.
73, p. 617; V. 77, p. 770; V. 78, p. 2143,2600
Stock author., $5,000,000; outstanding, $3,100,000. Pere Marquette
and Cln. Ham. & Dayton, which have perpetual traffic rights and use of
terminal facilities, guarantee the bonds Jointly and severally,
prlnolpal and Interest, by endorsement. V. 78. p. 2443, 2600; V. 79, p.
153. 6z8. The Commonwealth Trust Co. of St. Louis Is mortgage trustee
V. 74, p. 1140. The Toledo Riverside Ry. bonds are guaranteed by
endorsement as to principal and Interest by the Tol. Ry. & Terminal
Co.. Cincinnati Ham. & Dayton and Pere Marquette. V. 79, p 968.
Toledo Angola & Western bonds are limited to «300,000. V. 80. p. 164.
President, Russell Harding. Dlreotois and officers (June, 1905), V.
80, p. 2346. -(V. 79. 2087; V.80, p. 164, 2346.)
Toledo St. Louis & K.
See Toledo St. Louis A Western below.
Toledo Saginaw 6c Muskegon Ry.— From Muskegon, Mloh., to
Ashley, Mloh., 96 miles. The Grand Trunk of Canada ownstue $1,600,000 stock; bonds have a traffic guaranty. V. 71, p. 85; V. 72, p. 338.
Oal. Tear. Oross.
Net.
Interest.
Deficit. Traf.guar
Tear.
&
C—
1904
-(V. 71,
$137,364
$8,162
$74,937
$83,100
$13,342
p. 31, 85.)
&
RR.—
—
Toledo St. Lou In Western
Road Owns from Toledo
to East St. Louis, 451 miles (6H« and 70 lbs. steel); sidings, etc.. 107
miles; also has trackage to St. Louis and Toledo Union depots. Owns
Jointly with the Grand Trunk Western Ry. all the stook of the Detroit
Toledo Shore Line Ry., Detroit to Toledo, 48 miles.
Organ.— Successor of ToL.St. L. & Kan. City foreclosed. V. 70, p. 1196.
Vottng Trust.— Both classes of new stook will be vested till July 1,
190">, In the following voting trustees: Frederio P. Olcott, Thomas H.
Hubbard and William A. Read, who may sell the stook at any time,
subject to the approval. of a majority of eaoh class.
Bonds.— Of the prior lien 3>«8 $1,000,000 was reserved to be Issued
after January 1, 1902, at not over $250,000 per annum. Additional
first mortgage bonds, not to exceed $10,000,000, may be issued at any
time to retire the prior lien bonds. The Detroit & Toledo Shore Line
4s 'present issue, $2,000,000) are guaranteed, principal and interest,
Jointly with the Grand Trunk Western Rv. V. 76, p 655.
Latest Earnings. From Julv 1, 1904, to Apr. 7, 1905, gross, $2,860.08', against $2,496,660 in 1903-4.
&
Report.— For year ended June
Tear.
Oross.
1903-04.. 3.341,618
1902-03.. 3,111,358
Net.
30, 1904,
Olh. inc.
was
In V. 79, p. 2144.
Taxes. BaL.surp.
Interest.
$915,474 $4,968 $575,000 $121,499 $223,943
854,382
9,256
575,000
117,000 171,638
Officers. -Chairman of the Board, Wm. A. Read; President, T. P.
Shonts; Sec and Treas., Charles E. 81 encer.
Directors— William A Read (Chairman), V. P. Olcitt, Ilenry Budge, Thos.
H. Hubbard, Chas. II Tweed, J Crosby Br >wn. J. J. Emery, C. 8. W. Packard
T. P. 8hon'8. Edwin llawley and 11. 8. Huntington.
Offloe,60Wall8t.,N.Y.-(V. 80, p. 2459, 2622; V.81,p. 32.)
Toledo Walhonding Valley
6c
Ohio
RR.—Owns
road Id
operation from Toledo Junotlon to Toledo, O., 80 miles, and from
Loudonvllle to Coshocton, O., 45 m.; 8andusky to Columbus, 1 lOmlles,
purchased Oot., 1902, (V. 75, p. 907, 982, 1088). Total owned, 235
miles; trackage (Pitts. Ft. W. & C.) to Mansfield, O., 7 m.; total, 242 m.
Lease, Etc.— Leased for net earns, to the Penn. Co., which guarantees the bonds and owns all the capital stock.
Earnings.— For year ending Deo 31, 1904, gross, $2,382,018; net,
$394,023; interest, charges and 1'iiprovem'ts, $304,924; diva., $90,00U;
bal., def., 901.— (V. 75, p. 907, 982, 1088.)
Tonopah RR.-(V. 78, p. 1550; V. 80, p. 164, 2622 )
Toronto Hamilton 6c Buffalo
Hamilton to Waterford,
Ont, 43 miles; Hamilton to Welland, 38 m.; brandies, 7 m. (See V.
RK.—
Bonds— .PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Slocks— Last
Cent.
Payable
Whom.
Dividend.
$2,500,000
5g.
2,000,000
5g.
500,000
4g.
500,000 Oot. 1, if
5 & 6
795,335
$1,000
1,000
1,000
1,000
(See Map of Pennsylvania RR.)
6c
from Effner, Indiana State line, to Warsaw, HI., 220 miles ; La
Harpe to Iowa, HI., 10 m.; jointly with Wabash, 1 mile ; trackage to
Peoria and Burlington, la., 17 m.; total, 248 miles.
Toledo Peoria
Outstanding
5
5
g.
g.
A
&
&
A.
do
do
do
A
J.
&
F.
5g. M.
1935
1935
1, '08
Oct.
June
do
do
do
Feb.
Feb.
P.Morgan & Co. July
1951
1951
do
Feb.
do
1,
1,
1951
1952
Nov.
J. N.Y., J.
A.
A N.
& J.
& J
& S.
& S
g- M.
R. J.
4*2 g. J.
5 g. M.
4
1,
1,
1,
1,
To Aug.
O. N. Y., Central Trust Co.
D.
F.
A.
earned.
M'nthly
J.
5
1,
1938
N. Y., Am. Ex. Nat. Bk. July 1, 1917
N. Y., U.S. M.&Tr. Co. July 1, 1954
Men.
O. Sav.Bk*.&Tr.,Toledo.
1927
1922
1,
Sept. 1,
& J. N. Y., Cent. Trust Co. July 1, 1925
Apr. 1, 1950
A O.
do
do
5
J. & J. All owned by Gr. Trunk July 1, 1918
All owned by Penn. Co. Deo. 31,'04,3%
4iflg. J. A J. N. Y., Farmers' L'n & Tr. July 1, 1931
July 1, 1938
4iflg. J. & J.
do
do
do
do
Sept. 1. 1942
4g. M. & S.
Philadelphia.
July 1, '06'19
6 g. J. & J.
4g- J. & D N. Y., Bost. A London. June 1, 1946
New York.
June 1, 1946
4g. J & D.
5g. J. A J. N. Y., Standard Tr. Co. July 1, 1932
5g. A. & O. Union Tr. Co., Detroit. Apr. 1, 1952
3g. J. A J. N.Y.,Winslow,Lan.ACo Jan. 1, 1933
3*2 g. J.
4g. A.
467,000
3,280,000
<t>
341,000
300,000
250,000
350 000
7
1,580,000
5
7
5
275.000
100.000
1
[Vol. lxxxi.
July 1, 1917
& J.
M. & S. Old Colony TnCo^Bost. Mar. 1, 1934
Troy, N. Y.
J'ne 15'05, 3**.
J.AD. ij
J. & D. N. Y.. Knickerb. TruBt. June 1, 1918
J.
1
g.
g.
Under trafHo agreement with N. Y. Central, MiohigaD
Central, Canada Southern and Canadian Pacific, interest Is practically
guaranteed. See V. 68, p. 475, and advertisement in Chronicle of
March 11, 1899. Of the stock, $2,500,000, 19 p. c. is held by Canadian
Pacific and 51 p. c by N. Y. Central. V. 61, p. 753; V. 63. p 359; V.
68, p. 475, 1134; V. 69, p. 29. For calendar year 1903, gross, $619,62, p. 319.)
517; net,
-(V. 78,
$208,725; int. on bonds. $131,200;
1963, 2336; V. 79, p. 1705.)
surp.,
bal.,
$77,525.
p.
RR.—
Transylvania
Henderson ville to Lake Toxaway N. C, 42
miles; extent-ion to Lake Toxaway, 10 miles, being ope ed Aug. 8, 1903.
Stook authorized, $420,000; par $100; outstanding, $355,000. V. 68,
p. 926. Mortgage trustee is Mercantile Trust Co., Pittsburg. Year
ending June 30, 1904, gross, $58,818: net, $18,215. President, E. B.
Alsop, Pittsburgh; 8eo. and Treas., A. K. Orr, Brevard, N. O.i
•
Traverse City Leelenau
6c
lYIantsttque
RR.— Owns Traverse
City, Midi., to Northport, 30 miles, completed June, 1903. An extension of Grand Rapids & Indiana Railway, whloh owns one-fourth of
bonds and will operate the road under lease, the rental being the net
earnings, on adjustment of certain obligations. V. 76, p. 812; V. 78.
At Northport connection is made by car ferry with
p. 1448.
Mauistlque, on the Manistique Marquette & Northern RR., owned by
the same Interests. V. 74, p. 777. Stook authorized, $500,000; par of
shares, $100
The Union Trust Co. of Detroit Is mortgage trustee.
Pres., R. R. Metheany; Treas ,'D. W. Kaufman —(V. 78, p. 1448.)
Owns road from Walton to Traverse City,
Traverse City
Mich., 26 miles; opened in 1872. Leased in 1883 to Grand Rapids
Indiana RR., but not inoluded in the reorganization of that company
in 1896. The Grand Rapids A Indiana has acquired nearly all the
$205,000 stock and all the $190,000 of 5 p. o. Income bonds. V. 78,
p. 1448. Coupons 1st mort. all paid tojJuly, 1905, lnol. Calendar year
'04, gross, $70,372; net, $7,649; int. onbonds, $7,500.— (V. 78,p. 1448.)
Trenton Delaware, Bridge Co.—Owns bridge '19 mites in
length Leased In 1S77 to Nov. 1, 2870, lease being assigned to Penn.
RR rental, $32,000 yearly and two-thirds of taxes paid by the
Bridge Company Stock, $298,900. Bonds (see table above) are
guaranteed, principal and interest.
1 riniiv 6c Brazos Valley Ry.— Cleburne to Mexia. Tex.. 79 m.
Stock, $300,000; par *100. Bonds are subject to oall af. 110 and Int. V.
79, p. 214. In Apr., 1905. the Colorado A Southern Ry. acquired the
road. V. 80, p. 1423, 2622.— (V. 80, p. 873, 1480, 2622.)
Owns from Troy to Rensselaer, 6 m.
Troy 6c Greenbush
double traok; leased to N. Y. Central in 1851 at 7 p.o. on $275,000 stook.
Tuscaloosa Belt Ry.— Owns about 9 miles of Belt road at
Tusoaloosa, Ala. Stk. author , $100,000; Issued, $26,000 ($100 shares.)
F. W. Monnish. Supt. and Treas., Tuscaloosa, Ala.
Tuicarora Valley
Narrow-gauge road (3 ft.) Port Royal
to Blair's Mills. Pa.. 27 m. Stock, $300,000 par, $50; Issued, $150,000.
Year 1903-4, gross, $28,052: net, $7,574; charges, $13,783; bal., def.,
$6,209. Pres., T. 8. Moorhead.-(V. 67, p. 1162.)
(The) Ulster 6c Delaware
Owns from Kingston Point
(Hudson River), N. Y., to Oneonta, 109 miles, with branches, a total of
123 miles. V. 74, p. 42. As to refunding 4s of 1902. see V. 75, p. 667;
V. 79, p. 153. There are $1,400 Income 5s maturing July 1, 1905.
RR.—
&
;
RR.—
RR.—
RR.—
Latest Earnings.— For 9 mos. ending Mar. 31:
Gross.
Ohargts. Bal., sur.
Net.
Oth. inc.
9 mot.—
1904-5
$589,400
$162,628 $2 027
$'21,337
$43,318
1903-4
565,043
155,043
1,952
120,805
36,190
Yrs.end.June 30. Oross.
Net.
Other inc. Int., taxes, etc. Bal., sur.
1903-04
$784,225 $222,030
$160,216
$2,621
$64,436
1902-03
699,132
216,460
3,363
159,332
60,491
From surplus ($64,436) In 1903-4, $50,000 was appropriated for
repairs and renewals. -(V.74, p.42; V.75, p.78, 667, 1110; V.79,p.l53.)
I
11 ixl ilia
Valley Ry.— Owns road from Bridgewater to New
Berlin, N.Y., 19 miles. Successor to The Unadilla Val. Ry., sold in foreclosure Jan 4,1904. Stock, $200,000; par of shares,* 100 V.78, p. 104.
Bonds, see table above; V. 78, p. 149i). Lewis R. Morris is trustee.
Six morth- ending June 30, 1904, gross. $18,494; net, $6,737. Pres.,
Lewis R. Morris. Office, 135 B'way.N. Y.-(V. 78, p. 104, 344, 1168.)
Dm
Electric Railways of London,
led.—
under construction system of underground and surelectrio passenger railways in London and suburbs aggregating about97»4 miles (V. 79, p. 920, 1551, 2153), viz.:
Tn'ie Gos. — Stock mostly owned - Miles.
Milts.
Surface— foj. Stock OwnedBaHer 8t. 4 Waterloo By
London United Tramways (In op]
Underground
(See
face
M op.)— Has
Completed Jan..
eration)
1901.
Char. Cross Bust.
& Hamp. By
Northern
Piccadilly
Great
Brompton Ky
Bulb to be completed
\ 45
&i
80
Tunnel— Leaned— Maj. stock owned—
Metropolitan Dist. Kv. (incl. 3M
in- jointly owned with otners)
82M
.
[
.
In 1008. J
Total
V7U.
Steam; electrical equipment to be c°mpleted early In 1905.
Organization.— Incorporated on Apr. 9, 1902. Speyer
Co. of
New York, the Old Colony Trust Co. of Boston and Speper Brothers of
London have the right until 1912 to nominate a majority of the Board.
Securities.—The 5 per cent profit-sharing notes of 1903 are a direct
obligation and are secured by a first lien on stook« and shares of properties controlled, deposited under terms of trust deed, dated May 29,
1903, with the London A Westminster Bank, Ltd., trustee. The
whole or any part (to be drawn by lot) may be called at any time at
*
&
July,
1905.1
RAILWAY STOCKS AND BONDS.
429
.
.
RAILWAY STOCKS AND BONDS.
4*0
RAILROADS.
Miles;
For explanation of ooltrun headings, &c, see notes
on
first
page of tables.
Tuscarora Valley— 1st mortgage,$150,000, gold...
Ulster <k Delaware Stock ($3,000,000 authorized)
Consol. M. for $2,000,000, gold.Ce
o«
Refunding mortgage, $3,200,000.8
o*<fer
Vnadilla Valley— 1st M $200,000, g.. red. 110. ..
Underg. Mec. Rys. of Lon.— Ord. shs., 50 p. c. pd. In
Five per cent profit-sharing notes ) £7.000,000,
do
do
do
s red. at par
Date
27
1897
ioi
"19
1888
1,000
1902
1,000
1904 250 &o
.
Me
&
&
&
100
100
1889
100
62
1881
1881
1,000
1,000
138
93
116
116
614
1867
1879
1885
1892
1905
1,000
1.000
1,000
1,000
1,000
For profit-sharing provisions, etc see listing application to the
York Stock Exchange at leng'h, V. 79, p. 2153; V. 76, p. 1031.
,
New
Capitalization of subsidiary companies, V. 76, p. 383. 1250, 1409;
V.78, p. 1499, 2386; V. 79, p. 1355; V. 80, p. 1112, 2469; V. 81, p. 266.
Tutal
Heidbv
Names of
.Va roes of
Total
Held by
Issued.
Under. Co.
£
Controlled
£
Cos.-
Controlled
loo rd. site.
i p. c. prf. stl
Perp. stock 4)t
Cos.—
1,«41,850 xl,236,:80
i
Char. C.
E 4
6
..
5 0,000
£O2b,0<0autb
4
2,0"M00 xl
bOO.'JOO
£
p. c. prf.
v&
(?)
stk...
do
...
Under. Co.
£
1.55«,noo
l,50i >,000
yHO.OOO
H7»,8!-0
450,0^0
guar, stk zl,250,0oo
3 p. c con?, per.
rent charge
z2,l 16,666
Deb. stock and
loans
z2,4S8,825
H.,
4 J perpll deb. stk
Gt. * or. Pic. &
Bromp.. £5,076,-
Issued.
aMetrop. Disc. Ry.
Ordinary stock. 8,235,000
Bak.Si.&>Vaterter-)
431. 060
(?)
p. c.
.
.
b London United Tramways.
Ordinary stock. 11. 000,0 JO
5 p. c. prefstk.. I,2ft0,"00
1st M. 4 p. c. deb. 1,031,000
2,74 \R
00J autb
x2.37!».020
(.'i
4% perptldeb.stk 1,210,000
1878,700
153,770
11
x Practically all deposited for proflt-sharing notes.
y Mas a vote on £537,351 additional, on which holders have ceded their vote
In consideration of scaled dividend guaranty.
z No voting power. f£* 0,070 full paid tn (of which £500,000 owned) and
£3ttf,H30. £l per share paid in (of wnlch £37?,700 owned), u" Also com roll vote
on a further £415,00.'.
ab Underground r has vote on a £2,639,851 out of £4,9eo,O0O and b£l,417,470 out Of £2,2E.O,000 voting shares.
.
RErORT.— Report for year end. June 30, 1904, was in V. 79, p. 2145.
Directors.— Cnarles T. Y«rkes. Chairman; Waller Abbott, James A.Blair,
T.Jefferson Coolidee Jr.. Frank Dawes, The Right Hon. Lord Farrer. The
Hon. Sydney George Holland, James H. Hyde. L. F. Loree, Kobe t i.
McCurdy, Chane-t James «'ater-t<c<) t. Blear Sueyer, James Sneyer, Ch«rl«s
Alnswor h Spofford, J msheer Henry Telxeira de Mutton. Lord George Hamilton and James Clifr. n <oblnson; Secretary W. K. M mdelick.
(V. 79, p. 2148, 2153; V. 80, p. 1112,2459; V. 81, p. 156,266.1
Union Pacific Itallroad.— (See Map.)— The system embraces
Miles.
Controlled— Practically Owned—
Lines owned directly —
1,012 •Ore. Short Line RR., GranOounoil Bluffs to Ogden
640
§er, Wy., to Huntington,
Kansas City to Denver
106
're., Helena, Mon., to FrisDenver to Cheyenne
co, Utah, eto
Lasalle, Co.,toJulesburg ... 149
U 1,313
1,222 Oregon RR. <fe Navigation., fl 1,084
Other branches, eto
Leased
68
Tot. mainline and br'nchs.3,129
Total all lines July 1,1904 5,594
* Also owns one-half interest in the San
Ti See these companies.
Pedro Los Angeles & Salt Lake Ry. whioh see.
History.— Incorporated In Utah July 1, 1897, to succeed per plan
of Oot. 15, 1895 (V. 61, p. 704, 705, and V. 64, p. 424), the Union Pacifio
Ry., as stated to N. Y. Stock Ex. in V. 66, p. 618; see also V. 67, p. 790.
In 1901-2 purchased $90,000,000 stock of the Southern PaoitioCo.,a
strong working control, and in 1904 subscribed for 41 S, 000, 000 of the
preferred stocir.. V. 72, p. 243, 284; V. 73, p. 446; V. 75, p. 136; V. 80
—
I
p. 1914.
Stock.— In 1899 stockholders authorized increase of common
stock from $61,000,000 to $96,178,700, and of preferred stock from
$75,000,000 to $100,000,000 in order to oomplete the company's oontrol of the Oregon RR. & Navigation and Oregon Short Line RR.
On Mar. 24, 1901, the common stock was authorized to be Increased
by $100,000,0C0 to provide lor the conversion at the option of the
holders of the 1st lien 4s of 1901. V. 72, p. 392, 628. In July, 1905,
$73,914,000 had been exchanged. V. 73. p. 1360
As to new preferred stock in 1905, see "General Finances" below.
Dividends ip. o.)— V98. '99. 1900. 1901. 1902.1903. 1904. 1905.
>
3*?
On common
4
4
4
4
Below.
1
On preferred
4
4
> l 1
3
4
In 1905, on common, April, 2 p. c Oct., 2Hi p. c.
Bonds.—The first mortgage (Mercantile Trust Co., trustee), covers the
1,854 miles oomposing the former Union Paoioo ana Kansas Paollic
lines, inoluding the telegraph, terminals, equipment, and, directly or
Statement to N. Y. Stock Exoh., V. 66, p. 618.
indirectly, land grants.
The first lien convertible 4 p. c. gold bonds of 1901, issued for purchase of Southern Pacific stock and other properties, are secured by
pledge of $27,334,700 Oregon 8h. Line stock and $8,476,000 income
B bonds and $23,944,900 Or. RB. & Nav. common and $9,8/6,200
Preferred stock, etc, and by first mortgage on about 1,025 miles of
ranches. They are convertible at the option of the holder at any time
before May 1, 1906, into common stock at par, and redeemable after
that date in whole or in part by the oompany at 102^ per cent (in the
latter case to be chosen by lot). To July, 1905, $73,914,000 of the
$100,000,000 originally issued had been exchanged and canceled. V.
73, p. 1360. See inort. abstract, V. 72, p. 1084. V. 72, p. 392, 776.
Lands.—The lst4sof 1897oovered June30,1904,direotlyor through
beneflolal ownership 4,396,654 acres of land, situated In Nebraska,
Wyoming, Colorado, Utah and Kansas, the value of which was estimated June 30, 1904, at $3,541,685; also further notes or contracts
for lands sold aggregating $6,322,601, and the lands for whioh,
See V. 67, p. 791. Total estiIf not paid for, revert to the company.
mated value of lands and land assets June 30, 1904, $9,864,286.
During 1903 4, 1,037,793 acres were sold for $2,256,167.
General Finances.—The Oregon Short Line RR. 4 p. o. and partioip atlng 25-year gold bonds, secured by a like amount, of Northern Se-
444
a3
;
5
J.
4
R.
A.
4
g-
J.
4,000,000
6
849,285 See text.
800,000
5
750,000
5
400,000
5
750,000
6
14,649,546 See text.
1,700,000
7
500.000
6
1,900,000
600,000
5 g.
7,000,000
4g.
1,000
Underground Electric Railways of London. —(Concluded.)
par.
J.
M.
pal, WhenDue.
Sloe ks— Last
Dividend.
& J. N. Y., Metropol. Tr. Co. July 1. 1917
& D. N. Y. Central Trust Co. June 1, 1928
New York.
O
Oct. 1, 1952
& J. Office. 135 B'way, N.Y. Jan. 1, 1934
& D.
London.
June 1, 1908
& D. N. Y., Speyer & Co. June 1, 1908
& O. N.Y Office, 120 B'way. O. t.l,'05,2l3%
do
& O.
do
Oct. 1, *05, 2%
& J.
do
do
July 1, 1947
<fe
1903 £t00&c £3,599,'268
J.
5
1903 l.OOO&c 1 6.550,000
5 g. J.
100 169,943,900 See text. A.
100 99,567,100 4 in 1904 A.
1897 500 Ac. 100,000,000
4 g. J.
1901 l.OOO&e 26,086,000
M. & N.
do
do
1901
1,000
75.000
5 g. M.10&N. Bait., Intern'l Trust Co.
100 21,240,400
10
Q.-J. Phila. and N.Y., Offices.
1878
1,000
841,000
6g. M. & S. Philadelphia Offioe.
1883
1,000
do
1,824,000
do
4g- F. & A.
1889
1,000
6,020,000
do
do
4g. M. & S.
1894
1,000
5,646,000
4g. M. & 8. N. Y.,N. Bk.Com. & Phil,
1901
1,000
do
5,669,000
do
3V g. M. & S.
1895
N. Y., Morton Tr. Co.
1,000
300,000
J. & J.
6
—
&
5
700.000
200,000
£5,000,000
£10
RR.—Common stock,$196,178,700
F
$ 1 50,000
1,900,000
2,000.000
$100
Pref. stk., lim. to 4 p. c.,n.-c, $200,000,000
1,835
1st M. Ry and land grant, $100,000,000 g.Me.
c<fcr 1,300
1st lien conv. M., g., red. text.
7ifl
Union Springs <& So.— 1st M„ $1,000,000, g., red
United N. J. RR. <e Canal Co.— Stook, 10 p. c. guar..
r
General mortgage of 1 loan of 1908, gold
r
'71 for $20,000,000, loan of 1923, gold
o<fcr
a *
(now 1st mortgage) } loan of 1929, gold
s> °
c<fcr
FP, seoures all loan of 1944, gold
i.gu
equally.
IN =8
J loan of 1951, g. p.
26
United Verde <& Pacific—1st M., $300,000. Mo., c
Water.
Ogdens BURG.
Utica <6 Black River— See Romb
Stock,6 p.c.gu. by D.L.&W
97
Otica Chen, ct Susq. Vol.—
Utica Clinton ct Binghamton Stook
"31
mortgage, guar. p. & i. by D. & H., end .Nc...
1st
11
falley (N. T.;—Stock, 5 p. c. guar, by D. L. W. .
11
1st mortgage (for $500,000).
Valley (Virginia)—1st mortgage, $1,000,000
o
Vj.ndalia RR.— 8tock, $25,000,000 authorized
Indianap. & Vincennee, let M., gu. p. & i. (end.).o.
Terre Haute & Logansport RR., 1st mortgage. ..
Indianap., con. M., now 1st M., g.F.
T. Haute
2d M., con. g., called Jan. 1. 1906, at 105.F.. c
Con.M..$25,000.000.g..ser.A,$lO,000,00O K.o <fcr
.Bonds-Princi-
Amount
Rate per When Where payable, and by
Road Bonds Value. Outstanding Cent. Payable
Whom.
,
Pacific
[Vol. lxxxi.
INTEREST OR DIVIDEND8.
Size, or
Par
of
of
.
Union
;
:
&
May
May
1911
1931
Julyl0,'05.2^
Sept. 1, 1908
Feb. 1, 1923
Sept. 1, 1929
Mch. 1, 1944
Moh. 1, 1951
Jan. 1, 1920
1,
1,
& W. RR. May, 1905, 3%
Feb. 9, '05, 1\
N.Y., Security 4 Tr. Co. July 1, 1939
N. Y.,Del. Lack. & West. July, '05, 2»a%
N. Y., D. L.
N.
F&A10 Utica, N. Y., On. N. Bk.
& J.
& J.
F & A.
A. & O.
See text
F. & A.
J. & J.
J. & J.
J. & J.
J.
J.
F.
&
do
do
All
owned hy
B.
&
Aug.
Checks mailed.
do
do
do
do
1.
Aug.
N. Y., Farm. L. <fe Tr. Co.
N. Y. .Farmers 'L. &T.Co.
N. Y., Farm. L. & Tr. Co.
A.
1,
Oct.
O.
1911
1921
5,*05,
Feb.
Jan.
July
Jan.
Feb.
1,
1,
1,
1,
1,
2%
1908
1910
1925
1906
1955
curities Co. stook, were called for payment on Feb. 1, 1905, refunding
4 per cents bein=c issued in their place. See Oregon Short Line RR.,
V 75, p. 13t>, 395; V. 76, p. 384; V. 80, p. 1914. As to Southern Pacifio Co. preferred stock (Issue in 1904 $40,000,000), see that company. V. 78, p. 2443.
In July, 1903, 512 miles of the Oregon Short Line south of Salt
Ciiy, inoluding branches, was sold to the San Pedro Los Angeles
& Salt Lake Ry., the Oregon Short Line acquiring a half interest in the
San Pedro L. A. & S L. (which see); total paid on aocount of investment to June 30, 1904, was $14,9b0,000. V. 76, p. 920; V. 77, p. 38;
Lake
V. 79, p. 1707, J70a.
Expenditures on U. P. system for improvements and equipment during 3 year* 1900-3, aggregated $39,223,423. V. 77, p. 1226, 2109.
The stockholders voted on May ft, 190 >, to increase the preferred
stook f.om $100,000,000 to $200,000,000 to "finance coming
requirements," to be issued as required. The purpose is not made
public, but is suggested by the remark in the official notice that a company "should fluance at least a part of its capital requirements especially such as arise i n connection with the acquislti >n of stocks of
other companies— ihrough the i^sue of stook " V. 80. p 1364.
In May, 1905, the Union Paeifij and Northern Pacific arranged for
the joint oonstruotion of 300 to 500 miles of road Into the ulearwater
district, Idaho. V. 80, p. 2221.
In 1905 the dividend rate was increased to 5 per cent.
—
Latest Earnings— For 11 months ending May 31, on 5,354 average
miles, against 5,344 In 1903-4 (net after deducting taxes)
Cross Earnings.
Net Earnings.
1903-4.
1903-4.
1904-5.
July 1 to May 31. 1904-5.
Un.Pac. System... $54,1 05,18 8 $50,661,8e2 $26,146,877 $22,921,421
Annual Report.— Report for 1903-4 In V.79, p. 1699, 1707 (see also
editorial, p. 1674). Average train-load of system, 450-9 tons in 1903-4.
1901-02.
1903-04.
1902-03.
Years ending June 30—
5,762
5,710
Average miles
5,353
...$55,279,231 $51,075,189 $47,500,279
Gross earnings
28,747,216
25,559,226
Operating expen. and taxes... 30,497,443
Net receipts
Income from Investments
Total inoome
Fixed charges
Int. Or. Short L. Incomes
Dividends on
—
&
Union Pacific pref
do
do
,
.
.
common
>
$22,327,973
4,647,843
$21,941,053
4,580,602
$29,048,632 $26,975,816
$12,429,595 $11,675,703
pf .
$22,489
$23,962
$26,521,655
$11,989,480
$29,580
$24,781,788
4, 2C 6,844
(4)3,982,256 (4%)3,982,064 (4)3,981,552
(4)4,350,836 (4%)4,350,612 (4)4,205,082
Balanoe, surplus
$8,263,456
$6,943,474
$6,315,961
Officers, Etc.— (July. 1904.)— President, E. H. Harriman; V-Pres.,
Win. D.Cornish; Gen. Mgr., A. H. Mohler; Sec, Alexander Millar;
Comptroller, Wm. Mahl; Treasurer, F. V. 8. Crosby.
Directors. James Stillman, Marvin Hughltt, K H. Harriman, Henry C. Frlck
Tims. T. TCckert. James II. Hyde, Otio II. Kahn. Joseph v. Smith, Oliver Ames
J.
H.
Schiff.
Office,
Wm.
p.
H
aLd H.
Rogers.
1914, 2221; V. 81, p. 266.)
G. Rockefeller Chas. A. l'eabodv
120 B'way, N. Y.-(V. 80,
Union spring* & Northern Ry.— See page 464.
ITnlon Terminal Co., Cincinnati.— (V.
p.
79, p.
214
;
V. 80,
2221.)
Union Terminal Ry., Sioux City.—See page
New
464.
Canal Co.— (See map
Penn.Tergey Railroad St
United
sylvania R. R.) With other properties operated in oonneotion thereimportant system of roads in Northern New Jersey, exwith forms an
tending from Camden to Amboy and from Philadelphia to Jersey City,
with branches and connections, a distance of 468 miles; Hudson
River ferries to New York, 1 mile, and Del. & Rarltan Canal from
Bordentown to New Brunswick and feeder, 66 miles. Phil. & Trenton
and Belvldere Del.— which see—are principal leased lines.
Lease.— Leased In June, 1871, to the Pennsylvania RR. for 999 years;
rental equal to 10 p. o. on stock, interest on bonds, taxes, eto
Earnings.— For year ending Dej. 31, 1903, gross, $27,968,916; net
$7,046,248; other inc., $221,481; int., rentals, improvements, etc.
$5,098,509; dividends, $2,124,040; bal.sur., $45,180-(V. 74, p. 682.)
Utica Chenango 6c Susquehanna Valley Ry.—Owns Utloa,
N. Y., to Greene, N. Y., 75 miles branch to Riohneld Springs, 22 miles
Leased to Delaware
total, 97 miles. Road opened Ootober, 1872.
Lackawanna & Western at 6 per oent on stook. Has no bonded debt.
;
& Rlnshamton RR.—
Owns Utloa, N. Y., to
Utica Clinton
Randallvllle, N. Y., 31 miles. Leased during continuance of charter
Delaware & Hudson Company, which
and renewals thereof to
pays rental of $61,500 per annum. Operated by New York Ontario A
Western. The street lines owned are leased to Utica & Mohawk Valley
Ry. for $15,000 per annum. Capital stock, $849,285 (par $100),
dividends on $200,000 of whioh are guaranteed by Del. A Hudson
at 5% per an.; balanoe variable, 3% p. o. 1898 to 1904, lnol..
RR.—
Binghamton, N. Y., to State Line of Penn.,
Valley (N. Y.)
11 miles. Leased to Delaware Laokawanna & Western at 5 per oent
per annum on stook, the lessee assuming the Interest on bonds.
*
r O
50
!z!
>-i
w k
3 a H
3 H
«1 °
y
8^
O O H
2. 2 H
OOfd
o oo
2 a ^
July,
a^
»B
ow
K t>
> W
|-ri
*oO
CO t>
d
z
*
V
^P~'l
«<S
»*>*,
//
i
^
°o
V*rrfP
k
*e>
o
z
'
k*
+*?
o
*7
/si
/ m
*a- >
2
T)
BOB
o
Ed
H
H
/
x^
>
~A
2/
1905.]
<!t
//
I
H
3
>
-J^y
•/fPN
^\^>
\
•5\
o
/>v
-*•/£>
•*/
-?>
C.
*.
5lVi
CO
">-.
Z
i
.-*-">.
*,
'
>1
fe
i*f
5
y »
ISg 3
'J(
SO
>
^
2
o
>
m
>
«*&
^S^
I*<
*
1
«»r
*
S^VSr,
4w
\C1
?
1"
>
I
C
O
m
5
°"
RAILWAY STOCKS AND BONDS.
i*>)
,*»„
^
%*'
,
LONDON
:
Wi
V
L/C/)
RY.""\
/U •a-ori
N.
Of.
.*Ss£
^
:
<2
-$>s
-5
^J
•^
tM!
^
si-
oJ
431
432
RAILWAY STOCKS AND BONDS.
[Vol. lxxxi.
'
1
.
.
.
RAILWAY STOCKS AND BONDS.
July. 1905.
RAILROADS.
Date
Miles
Size, or
Amount
of
For explanation of column headings, &c, see notes
of
Par
Road. Bonds Value. Outstanding
on first page of tables.
Vera Orus <6 Pac.—lat M., $7,000,000, g.,i ed.text.o
Vermont dk Mass.— Stock, 6 p. c. guar, by Fltohburg
Bonds, ourrenoy, guar. p. i. hy Fitchburg RR
Vermont Valley— Stook
1st M.,with $500,000 Sul. Co. RR. stock as col. .o*
Vicksburg dk Meridian— See Alabama & Vicksb'G
Viek Sh. dk Pac. Ry.—Com. stock, $3,000,000
<fc
5%
Pref. stook,
& Pao.
F
xo
RR. prior lien mort., gold.Oe
Virginia Midland— Sek Southern Railway.
S.
o*
<k Boulfiw.—lBt M.. $2,000,000, gold, gu.ITIo.
Wabash, Pitts— 1st M., $50,000,000, g.lUe
o\fer
2d mort., gold, incomes to June, 1910.Eq..o*«fer
Wabash «#.— St.L.K AN.on St. Charles Br'g.g.Ceo*
Wabash 1st mortgage, gold, v$34,000,000)..Ce.o*
2d mortgage, gold
o
Deb. M.,ino.,nonl cum.,ser.A,red.par to'09.ITIe
non-oum., series B, not red. Me
Do do ino.
Det. & Chic. Exten. 1st M.,g.,s.f.,red. HO.Ce.c*
Des Moines Div. IstM., gold, $1,800,000. N.-.c*
0*
Tol. & Ch. Div.
gold, $3,000.000.
Omaha Division, $3,500,000, gold.B
o*
let lien terminal mort ., $10,000,000, gold. Bc*&r
Eauipment bonds, $3,000,000 s. f.N
c&r
Do do series A, due $42,000, M.& N
Co do series B, part due semi- ann.CPI
Three year collateral notes, red 101 after 1 year
Five-year notes, $10,000,000, gold. red. at par..
KaDS. C.Exo. 8p & Nor. M.,g., guar. (V.79, p,2697)
Columbia & St. Louis, $300,000, g., gu. p.& i.SSi
Va.
Mp
M
K
,
Leased Line Bonds—
8t. L.
Coun. Bl.
Vandalia
1904
100
1903
... - .
24
24
1.000
50
1880
1,000
188
100
100
&
O. IstM. (option, V.75,p.l033)
188
188
1,000
1,000
2,856,500 3 In 1904
2,142,800 5 in 1904
5
1,822,000
1,323,000
6g.
1.000
2.000,000
5g.
LOOO&c 27,000,000
i g
«•
1901
1885
136
9
22
1902
1904
1904
1878
1889
1889
1889
1889
1891
1899
1901
1901
1904
1901
1904
-19r4
1904
1905
1901
1902
41
1878
....
1,542
1,009
1,542
1,542
150
97
226
144
- •
•
.....
....
1.
,000 Ac
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
500 <feo.
1000 &c
1.000
1,000
1,000
Miles.
Lease d-
Terre Haute & Peoria.
Trackage to Terre Haute.
500
6,160,000
7,000,000
100,000
1.0C0
200,000
1,000
421,000
Miles...T174
....
23
South Bend to Rockville, Iud
159
Logansport, Ind., to Butler
t)3
Total
641
Branches
36
T See this co.
Organization.— A consolidation Jan. ^, 1905, per plan V.79, p.
2148 (see also V. 80. p. 1243, 1244) of St. Louis Vand.
Terre Haute,
Terre Haute
Logansport, Terre Haute
Indianapolis, Logansport
&
&
& Toledo and Ind. &
&
Vincennes RRs. Pennsvlvai ia Company owns a
majority of the stock. As to Vandalia Coal Co., see V. 81, p. 216.
Stock.— Authorized. $25,000,000; issued, $14,649,54'-; par, $100.
Dividends.— First div., 2 p. c, is payable Aug. 5, 1905.
Bonds.—The consolidated mortgage is a first lien on the road from
St. Louis to the Indiana £tate line, 159 miles, and from Logansport to
Butler, Ind., 93 miles and a lien, subject to the $4,700,000 old bonds,
on the remaining 415 miles owned, for which an equal amount of oonsols is reserved, $13,30O,0C0 being also reserved for improvements
and general purposes. 8ee applies tion to list, V 80, p. 1243, 1236
Earnings.— Report for vear ending Dec 31, 19C4, of road owned and
operated were: Gross. $7,594,946; net, $1,776,899; other inc., $289,
916; charges, $815,426; bal., sur., $1,251,389.— (V. 81, p. 32, 213
Velasco Brazos
Northern By.— See page 464.
Vera Cruz
Pacific By.—Owns from Cordoba, on the Mexican
Ry to Santa Lucretia, 203 miles, on the Tehuantepec National Rv.,
by which connection is had with Senna Cruz on Pacific Ocean, 114
miles distant, forming a through line from the Atlantic to the Pacific
Ocean; also branch from Tierra Blanca to Vera Cruz, on the Gulf of
Mexico, 62 milef; total, 265 miles. Stock, $1,000,< 00 common, all
owned by Mexican Government, which guarantees bonds, piin. and
interest, by endorsement. V. 78, p. 1783, 1963; V. 79, p. 1933, 1643.
Bonds are subject to call at 110 to July 1, 1924, and on July 1.
1924, and thereafter at par. Of the bonds $4,500,COO had interest
scaled to 1 p. 0. to Dec. 31, 1905, 2 p. c. from Jan. 1, 1906, to Deo. 1,
1907, and 3 p. c. from Jan. 1, 1908, to Dec. 31, 1909; these have supplementary coupons attached, lepresenting Dalance of 4i2p. c interest, payable at Speyer & Co., New York, from fund deposited therefor.
President and Gen. Mgr., Thomas Milan, Orizaba, Vera Cruz, Mex.;
Treas. and Asst. Sec, L. S. Zimmerman, Baltimore— (V. tO, p. 1364.)
Vermont
Massachusetts
Road, Fitchburg to Green
field, Mass., 56 miles of double track; branch, 3 miles.
Leased to
Fitchburg RR. for 999 years at 6 p. 0. on stock. Bonds for $772,000 were
issued to refund the 5s due May 1, 1903, etc.— (V. 79, p. 2589.)
Vermont Valley
Owns Bellows Falls to Brattle boro,
Vt., 24 miles. Controls the Sullivan County RR., Bellows Falls to
Windsor, Vt.. 26 miles. Operated by Boston <fc Maine as agent under
lease of Conn. River RR., the Vermont Valley receiving earnings over
oharges. with a minimum guaranty of 4 p. c. on stock. V. 76, p. 214.
Dividends, lontr 6 p. c. per annum, in 1904, 8 p. c; 1905, 10 p. c.
Earnings of Vermont Valley for year ending June 30, 1904, gross,
$330,635; net, $78,530; div. on Sullivan Co. RR., etc, $49,500; total
net, $128,030; interest, taxes, etc., $48,002; dividends paid, $80,000;
balance, surplus for year, $28— (V. 65, p. 867; V. 76, p. 214.)
Vicksburg Shreveport
Pacific Ry.—Delta, La., on Mississippi River, via Shreveport, to Texas line, 188 miles. Of this, 17 miles,
Shreveport to Texas State line, is leased to Mo. Kansas & Texas till
July, 1925. Successor on May 1,1901, to V. 8. <fe P. Railroad, foreclosed per plan V. 72, p. 628, 676; V. 77, p. 38.
Stock, Etc.- Of the $3,500,000 general 5s, $1,323,000 are reserved
to take up at maturity the prior lien 6s and $355,000 for future requirements. Car trusts June 30, 1904, $118,479.
dividends.— On pref. stook, 1902 to date, 5 p. 0. yearly; on common, 2>t p. c, Nov. 1903; Nov., 1904, 3 p. 0.
Earnings.— From July 1 to June 30. gross, $1,424,023 in 1904-5;
$1,426,7E0 in 1903-4. Report for 1903-04 In V. 79, p. 2584.
Tear.
Gross.
Net.
Other inc.
Interest.
Bal.. Sur.
1903-4. $1,426,751 $379,866
$10,057
$160,438
*$229,485
1902-3. . 1,268,522
370,988
11,633
*224 641
157,980
* From surplus paid in both years 5 p. 0. on pref. and in 1903-04
3
2i« p
p. c. on common, against
in 1902-03; in all for year 1903-04.
$192,835. kV 77, p. 38, 2095,2282; V.79, p. 2584, 2589.)
Virginia-Carolina Ry.— Abingdon, Va., to Virginia-Tennesse
State line, 17 miles; Beaver Dam RR., operated, State line to Crandull, 8 miles; total, 25 miles. St. ck authorized, $1,000,000; outstanding, $400,000. Bonds, $180,000 first gold 5s, due May 1, 1950. Year
ending Jun. 30, 1904, gross, $85,439; net, $53,791; charges, $11,422;
dividends (6 p. c ), $24,000; bal., sur., $18,369. President and Treas..
W. B. Mingea, Abingdon, Va.; Seoretary, C. W. Boioe.
)
&
&
,
&
826 000
l.OOO&c
RR.— (See Map Pa, MR.)— The road embraces:
Owned.
Indiana p., Ind., E. to St. Louis, I11...2S»
Indianapolis to Vincennes, Ind.
H7
20,000,000
468,000
33,011,000
14,000,000
3,500,000
26,500,000
3,349,000
1,600,000
3,000,000
3.17K.000
1,715.000
2,600,000
756,000
RR.—
RR.—
&
Virginia &. Southwestern Ry.— Owns from Bristol, Va., northerly to Big Stone Gap and southerly to Mountain City, Tenn., 134
miles.
Stock, $2,000,000, all common, of whioh half owned by
Virginia Iron Coal & Coke Co. isee miscellaneous companies in
this Supplement), whioh guarantees the bonds unconditionally,
principal and interest. V. 75, p. 348, 398, 736; V.76, p. 273. In 1903-04
issued $215,000 5 p. c. car trusts, maturing monthly for five years.
Virginia <te Sou heastern Ry. (projected), V. 80, p. 223.
lEarnings-II mos., ) 1904-5
Gross, $610,033; net, $239,453
July 1 to May 31. (1903 4
Gross, 557,356; net, 178 486
-
&
J.
J.
&
g
5
4 g.
-
\
5
g>
g.
5 g
4^g.
,
May 1, 1923
do
do
Bellows Falls.
July 1, '05, 5%
8. Dep. & Tr.Co. Oct. 1, 1910
N.
J.
O. Boston,
J. N. Y. .Bk.of Man.40 Wall Jan. 1, 2003
D. N.Y., Mercantile Tr. Co. June 1, 1954
June
A.
J.
J.
F.
J.
J.
J.
J.
4g. m.
3iflg.
Dividend.
N. Y, Speyer & Co.
July 1, 1934
J.
O. Bost. 53 Devonshire St. Apr.. 1905, 3%
& O.
& N.
& A.
& J.
& J.
& J.
& J.
& a
& O
6g. A.
g> M.
-
&
&
&
&
&
Bonds— Princlpal,Wh<n Due.
by Slocks— Last
Yearly. N. Y, Cent'l Trust Co. Nov.30,'04,3
do
Aug.26,04, f>%
Yearly.
do
M. & N. N. Y., Farm. L. & Tr.Co. May 1, 194)
M. & N. N. Y., Central Trust Co. Nov. 1, 1915
it
t g
i
6
Whom.
Payable
4>2g J.
$7,000,000
A.
6
3,193,000
313
M.
772,000
'05 J.
1,000,000 10 in
A.
800,000
5
$1,000
non-ouni., $2,200,000
General mortgage. $3,500,000
V.
265
59
433
TNTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Cent,
:
)
.
&
N. Y., Office 195 B' way.
N. Y. Central Trust Co.
Sec
1954
19H 8
1939
1939
1939
July
See text.
July 1, 1941
Jan. 1, 1939
Mar. 1, 1941
Oct. 1, 1941
&
To Deo. 1914
J.
Jan.
May
1907
1910
1928
1942
195 B'way July
1.
1908
St. Louis, Office.
N. Y., Office, 195 B'way
N.Y.,
Office,
May
May
1,
1,
1,
5 g. Seml-an N. Y., Bowl. Gr. Tr. Co.
Report for year 1903-01 in V. 79,
$188,867; oharges, $126,292; bal..
1,
1,
1,
1,
1,
do
Jan. 1, 1954
Trust Co. Moh. 1, 1921
Bankers' Tr. Co. To No v., 1914
do
Y.,
Y.,
May
Feb.
In Jan., '04 paid 3 p. 0.
None ever paid.
N. Y., Central Trust Co.
N. Y., Sec. <fc Trust Co.
N. Y., Knioker.TrustCo.
N. Y, Bowling Gr. Tr.Co.
M. <& S. N.
M. AN. N.
& D.
4Lj g. M. & N.
4 g. J. & J.
4g. M. & N.
6
J. & J.
do
do
Oct.
10,
p. 1701, shows, gross, $604,482; net
sur., $62,575.— (V. 79, p, 1701.)
WabRKh-Pittstaursh Terminal Ry.— (See Mapof Wabash RR.
—Owns road extending from connection with Wheeling & Lake Erie
RR. near Jewett, O., easterly to Pittsburgh, Pa., about 60 miles,
opened July 2, 1904; also extensive terminals at Pittsburgh and majority of stock of Wheeling & Lake Erie (which see), thus controlling
the easterly end of the Wabash system from Toledo to Pittburgh. V.
78, p. 1908, 2386, 2443. Stock, $10,000,000, all owned by Wabash.
In September, 19t 4, acuuiredi he entire $14,000,000 stork of Pittsburgh Terminal RR. & Coal Co. (which see), a belt line at Pittsburgh
and about 15,000 acres of coal and 675 acres of surface lands, the
latter leased to the Pittsburg Coal Co. The stock is pledged to secure
Wabash RR. 4»o p. c. rotes of 1905. V. 80. p. 1364. V. 79, p. 1024,
2087; V. 80, p. 1232, 1364, 1729.
Bonds.— Both classes of bonds are secured by all property now
owned or hereafter acquired, including 60 miles of road owned, Pittsburgh terminals and new bridge over Monongahela River and further
by deposit of a controlling interest in the Wheeling & Lake Erie, viz.:
$11,870,000 common, $6,423,800 second preferred and $847,500 first
preferred stock, and also by a traffic and trackage agreement with the
Wheeling & Lake Erie and Wabash, under which the latter two companies pledge 25 p. o. of their gross earnings from traffic interchanged
to meet any d^ciency of interest and contract with the Carnegie Steel
Co. See application to list, V. 80, p. 1231, 2221.
Of the $50,000,(00 first 4s, the remaining $23,000,000 is reserved
for additional mileage, acquisitions and future purposes. No first
mortgage bonds in excess of $35,000,000 are to be issued until the
full interest for the preceding year has been earned and paid on all the
outstanding first and second mortgage bonds. The second mortgage
bonds are entitled to interest at 4 p. c. per annum to June, 1910, inclusive, if earned (non cumulative), and thereafter become fixed interL. E. gen. 4s
est bonds.
V. 78, p. 2386, 2443. Guarantees Wheel.
of 1905, issue lim. to $50,000,000.
In lfc05noade $8,000,000 notes (all pledged under Wabash 4*« p. 0.
notes), of whioh $3 ,000.000 is secured by pledge of Pittsburg Term.
RR.
Coal stock and $5,000,000, endorsed by Pitts. Term. RR.
Coal
Co., by $5,f 00,000 consols of that co.— (V. 80, p 1729, 1973, 2221.)
Wabash Railroad.— (See Map.)— Embraces lines as f ollows.viz.
Owns East of Miss. River. Miles.
Owns West of Miss. River.
Toledo, O., to East Hannibal,
Moberly to Ottumwa, Ia
131
Camp Pt. and Elvaston, m. 536 Salisbury to Glasgow, la., etc 15
Decatur, HI. to E. St. Louis .
110 Dob Moines to Moulton, la. .
95
Juno, near Chicago to EffingBrunswick, Mo., to Council
ham and Altamont, 111
216
Bluffs, Ia.(incl. 41 m.leased) 225
Streator to Fairbury
31 Excelsior Spr. to Milw Juno.
9
Edwardsville Branch
8
Delrey.near Detroit, to Butler 110
Total owned and leased
2,046
Montpelier, O., on line to DeTrackage, etc.
troit, to Clarke Junction,
Chicago to Clarke Junction..
18
&
&
&
,
near Chicago
Attica to Covington
Champaign
to 8idney
Toledo to Montpelier,
New Haven
....
O
150 Moberly to Hannibal
15 East Hannibal to Quincy
12 7 short lines to Quinoy, De50
troit, &o
26 Otherlines
70
17
36
to Butler, Ind...
54
Owns West of Miss. River.
Windsor, Ont., to Buffalo
275
St. Louis to near Kansas City. 275
(Grand Trunk Ry. V. 66, p. 812.)
Centralia to Columbia, Mo. .
21
St. L. Levee to Ferguson, Mo.
11
Grand total July, 1904 ....2,516
Also owns entire $10,000,000 stock of Wabash-Pittsburgh Terminal
Ry., 60 miles, which holds a majority of stock of Wheeling
Lake Erie
Ry., 472 miles. Bee those companies.
&
History, Ac— Successor in 1889 to the Wabash St. Louis & Pacific,
o'hich was sold in foreclosure. See Supplement up to January, 1889.
The Mo. Pao. system on Jan. 1, 1904, owned $8,500,000 pref. stock
and $5,435 000 debenture bonds, making $13,935,000 out ot a total of
$92,000,000 stook and voting debentures. V. 78, p. 11 10.
Lease.—Entrance to Chicago is over Chic & West Indiana, of whose
stook this company owns $1,000,000 (dividends, 1896-'04. 6 p. c yrly.)
Stock.— Stock authorized is $24,000,000 preferred 7 p. 0. non-oum.,
all outstanding; also $78,000,000 common, as increased Mar., 1904, of
which $38,000,000 has been issued; $10,000,000 having been used in
1904 to acquire $10,000,000 of Wabash-Pittsburgh Terminal Ry.; par,
$100. V. 78, p. 704, 1224, IS 63. Holders of "A'" and "B" debentures
are entitled to one vote at stockholders' meeting for every $100 of
prinoipal, and to nominate one-half of highest even number of board.
Bonds.— Abstracts of the mortgages of 1889 were in V. 49. pp.
270-273. The first mortgage covers all the lines owned both east and
west of the Mississippi at time of reorganization (1,542 mile«); but
the second mortgage covers only 1,009 miles east of the river.
Debenture mortgage bonds are $3,500,000 series A (pref. in respeot
to Interest payments only) and $26,500,000 series B. If series B bonds
are not presented at maturity, July 1, 1939, interest will continue
to be payable if earned. See stook above as to voting power.
In Mar., 1905, a committee (Henry Evans. President Continental
Fire Ins. Co., N. Y., chairman; U. 8. Mort. <fe Tr. Co., depository) requested the deposit of "B" debentures with a view to obtaining an
adjustment of Interest on the bonds. V. 80. n. 1175. 1236, 1480, 2459.
Interest on > 1890 to 1893. '94. '95. '96. '97 to '99. '00 to Jan., '04.
"A" bonds %j 6 yearly.
1
6 yearly (J. & J.)
434
RAILWAY STOCKS AND BONDS.
[
V'ol.
Lxxxr
r
July,
RAILWAY STOCKS AND BONDS.
1905.J
RAILROADS.
Miles
Date
Size, or
Amount
of
of
Par
For explanation of column headings, &c, see notes
Road. Bonds Value.
on first page of tables.
—
Wabash. Chester <£ Western 1st mortgage, golcL.c
0*
lstoonsol. mortgage, $1,000,000, gold.SSt
Wallkill Valley— Stock, 3k per cent, guaranteed...
1st M. (formerly 7s) guaranteed
2d mortgage lnoome, 3k per cent, guaranteed...
Warren (ft. J. )— Stock, 7 p. o. perp., guar. D. L. &
1st ref. M., $2,000,000, gold; gu. p. &1 F....c*&r
Washington Oent'l—X&X M., g., $15,000 per mile.K
Wash. <t Oolumb. River— 1st M., $2,500,000, g.F.o*
Income bonds, non-oum. $2,500,000
W
Washington Co.— 1st
Wash
<e
M
.
,
F
«r.,gu.,end.,red.text.Oe.C*
Frank.— 1st M., $475,000, g., Int. rental.
Washington Ohio
<6
,
Western -8ee
42
65
1888
1893
"33
33
18
18
130
163
1877
1877
1,000
1,000
Wealh.Min. Wells <£
West Chester— See Pennsylvania RR.
West Jersey <& Sea Shore RR.— Common stock
Speolal guaranteed stock (West Jersey RR.)
Camd & Atl. con. M. ($650,000 5s; bal.6sooup.)
West Jersey Oonsol. mort. ($1,500 Is scrip) .r
. .
Swedesboro 1st mortgage
c
8. S., 1st oonsol. M., series "A," g.c*
<fc
Gold, Series '•B." $1,500,000, gold
o*
Gold, Series "C," $1,000,000
o*
West Shore— 1st M., gu. p.& 1., end.by N.Y.C.Un.c&r
West Virginia Central <e Pittsb.—Stock, $25,000,000.
IStM., gold, $3,600,000 (V. 52, p. 204).I»Ip. ..c*
Piedmont & Cumberl'd, 1st M., int. rental, g.Dfe
C!oal & Iron Ry.,lst M. V.71,p.ll66,gu..g TOetia
West Virginia <£ Pittsb.— 1st M., g., ITle.Ba
o"
Wesfn (Ala.)— 1st M. g., gu. by C. Ga. and Ga.RR.c
,
137
19
50
1900
1,000
1898 500 <&c.
1895
1,000
1895
1,000
1904
1,000
1899
1,000
1 ,800,000
1,394,000
1,853,000
2,498,000
2,245,000
2,500,000
23
1905 1,0004c
1902
1,000
10,000,000
500,000
79
128
50
50
1881
1,000
1879 500 <&c.
1882
1,000
6,216,050
104,000
999,000
750,000
90,000
1,600,000
1,500,000
1.000.000
50,000,000
10,564.100
3.250,000
650,000
1,000,000
4,000,000
1,543,000
11
310
310
310
479
i'32
29
45
159
132
1896
1,000
1896
1,000
1896
1885 l.OOO&c
100
1881
1,000
1886
1,000
1900
1,000
1890
1,000
1888
1,000
V. 78,
2601.
Chicago Ex««w.mortgage ($3,500,000); abstract V.54, p.1049.
The Des Moines Division bonds of 1899 ($1,800,000 authorized) oovei
96 miles, equipment oosting $250,000, etc. See V. 68, p. 574, and ad
vertisement in Chron March 18, 1899: also V. 69, p. 335, 796, 1248.
The Toledo <t Chicago Division 4s of 1901 are seoured by a first lien
on extensions constructed in 1901 from Maumee, O., to Montpelier, 50
miles, and from New Haven, Ind., to Butler, 26 miles, and by a Hen,
subject to Detroit & Chicago ext. 5s, on Montpelier to Chioago, 150 m.
A sinking fund retires $100,000 equipment 5s of 1901 annually at
108 for 5 years, then $150,000 for 10 years and thereafter $200,000.
V. 72, p. 185, 582, 822; V 73, p. 567.
Omaha Division 3ks cover Counoll Bluffs. la., to Pattonsburg, Mo.,
144 miles V. 75, p. 686. Columbia & St. Louis RR., guaranteed
bonds, V. 73, p. 338. 786, 1012; V. 74, p. 1040; V.75,p.686.
The $10,000,000 terminal gold bonds of 1904 will be issued to aoquire
from time to time additional terminals at St. Louis and Kansas City,
Mo., Chicago and Quinoy, 111., Toledo, O., Detroit, Mioh., and other
places. In 1904 $1,715,000, covering freieht terminals In St. Louis,
were issued. V. 76 p. 436, 753, 1032; V. 77, p. 512; V. 78, p. 288, 1448.
In April, 1904. $6,160,000 three-year 5 per cent notes were sold,
chiefly to provide for terminal facilities at Pittsburgh, the notes being
secured by the entire stock and $6,600,000 of 50- year first mort. bonds
of Wabash Pittsb. Term. Ry. V 7 8, p. 1551; also sold $840,000 equip
ment5s. (V. "8, p. 1551.) As to $7,000,000 notes of 1905, ate below.
The five-year 4 12 p. c. notes of 1905 ($10,000,000 authorized Issue),
of which $7,000 000 was sold, are to be issued principally to increase
the facilities around Pittsburg.
They are seoured (1) by a mortgage subject to existing liens on all lines east of Chicago not coved
by debenture mortgage, including main line between Chioago and Toledo and line between New Haven and Butler and the leasehold interest In the Giand Trunk lines between Detroit and Buffalo; (2) by
pledge of about $8,000,000 Wabiish.-Pitts. Term. Ry. notes and other
collateral. -V. 80. p. 17*9, 1231, 1364, 1729.
Genebal Finances.— Completion in July, 1904 of the controlled
Wabash-Pittsburgh I'erru. Ry. (see that 00. above) affords direct connection with Pittsburg.
V. 78, d. 2386, 2443; V. 79, p 1024. A Gould
syndioate has acquired the West Va. Cent & Pitts, and the Western
Md. RR. to obtain access to tidewater at Baltimore. See those oomp's.
Earnings.— 11 inos., > 1904-5
Gross, $2 ',761,737; net, $3,894,582
July 1 to May 31. 5 1903 4. .. Gross, 20,995,563; net, 4,79o,«s>7
Report.— Annual meeting at St Louis second Tuesday in September.
Report for 1903-04 in V. 79, p. 1714; editorial, p. 1676.
Year ending June 30—
1904
1903.
1902.
Average mileage
2,517
2,486
2,433
Gross earnings
$23,023,626 $21,140,831 $19,053,493
Netearnings
.»..
$5,340,118
$5,325,167
$5,206,057
From rent of tracks, &o
641,347
531,428
418.155
<e
Total net lnoome
Taxes
Track, bridge rent., Ac
Interest on bonds
Div. on "A" deb
& J.
& J.
Q.-F.
3k
3k J. & J.
3k M. & S
A.15&0
7
3kg. F. & A
4g. Q.-M.
4 g- J. & J.
Payable
4
3k g. J. & J.
5g. J. & J.
5
5
378,000
J.
J.
g.
g.
$5,981,465
$750,159
2,019,592
3,092,423
105,000
$5,856,595
$664,703
1,751.229
3,034,513
210,000
$5,624,212
$627,930
1,620,066
2,964.757
210,000
Balance
sur. $14,291 sur.$196,150 sur.$201,459
Officers.— Chairman of Board, Geo. J. Gould; Pres., Joseph Ram
seyJr.; Vice Pres., Frederick A. Delano; Gen. Mgr., Henry Miller;
Treas., F. L. O'Leary; Sec, J. C. Otteson.
Directors.— 0. D. abIiIot (deceased), Thomas H. Hubbard. Edgar T. Welles,
James H. Hyde, Joseph Ramsey Jr., George J. Gould, S. C. Reynold". John T
Terry, Russell Sage, Winslow S Pierce, Edwin Gould, Henry K. McHarg
and Cyrus J Lawrence.
Omce.— 195 B'way, N. Y.— (V. 80, p 1729, 1914, 2221, 2459 )
Chester Ac Western Kit.— Chester, 111., to Mt. Vernon, 111., 65 miles. Stock $1,250,000 par, $100. Coupons due July,
Wabash
;
1894, paid July, 1896. For year ending June 30, 1904, gross, $116,268;
on bonds, $34,500; bal„ def., $9,756.
Warren Ac Corsicana Pacific Ry.—See page 464.
Warren BR,, IV. J.—New Hampton Juno, to Dela. Bridge, N. J.,
18-8
Leased in perpetuity to Dela. L. <fe W. at 7% on stook and interest
on bonds. See form of guaranty. V. 72, p. 628.— (V. 80, p. 999.)
Washington Central Ry.— Owns road. Cheney to Coulee City,
Wash., 10a miles branch from Coulee City to Adrian, 21 miles; total,
130 miles. Reorganization In Jan, 1898. Leased in 1898 to Northern
Pacific for 999 years at rental sufficient to pay Interest on new 50-year
gold 4s, to be.issued at $15,000 per mile. (See V. 66, p. 953). The Nor.
Pac. owns the entire $1,000,000 of oapital stock.— (V. 67, p. 127, 691.)
Washington Ac Columbia River Ry.— Owns road from Day
ton, Wash., to Pendleton, Ore., 128 miles; branches, 35 miles; total,
163 miles. Stook Is $3,000,000; par, $100. Additional first 4s
may be Issued for extensions at $20,000 per mile. (V. 61, p. 70.) Nor.
Pao. Ry. owns all the capital stook and income bonds. Year ending
June 30, 1904, gross, $383,70i; net (ovei taxes), $126,349; Int. on 1st
mort., $99,920; surplus for year, $26,429.— (V. 66, p. 426.)
net, $24,744; interest
m
;
Washington Count y Ry.— Owns Washington Junotion, on the
Maine Central RR., northeasterly to Calais, Me., 103 miles; branch
to Eastport. 15 miles, and Prinoeton. 19 miles- total, 137 miles. V. 77,
p. 2340. The Maine Central owns the $2,500,000 stock and guarantees
3 kg. F.
&
A.
Bo nds— Principal, When Due.
Dy
Whom.
Payable
Cent.
$300,000
390,000
330,000
250,000
330,000
100
In July, 1904, and Jan. and July, 1905, the div. was passed.
Detroit
Rate
435
INTEREST OR DIVIDENDS.
per When Where Payable, and
Southekn Ry.
>0,000,g.,gu textUso'Ar
No.— 1stM.,gu.p.<fel.,end.text.N
p.
Outstanding
$1,000
1,000
Wash.Term— 1st M.,$12,0
Woodstown
W. Jersey &
(
.
Stocks— Last
Dividend.
N. Y., Nat. Bk. Com.
July 1, 1918
'94, pd. July 1, '96 Jan. 1. 1928
N. Y., Gr. Cent. Station. Aug., '05, '8%
July
Aug. 1, 1917
Aug. 1, 1917
N.
Apr.l5,'05,3k
Aug. 1, 2000
.V.
Mch. 1, 1948
N.Y.,Farmers' L.&T.Co. July 1, 1935
July 1, 1935
as earned. See text
Portland M e. Cent, oft' Jan. 1, 1954
Philadelphia, Pa.
Jan. 1, 1939
do
do
Y, Del. L. & W. RR.
do
do
Y, Kniok. Trust Co.
do
do
,
,
Washington and N. Y. Feb.
1,
1945
& A. N. Y, Mercant. Tr. Co Aug. 1, 1930
5 In 1901 M. & S. Phila., Broad St. Stat'n. Mar 15,'05,2k
do
do
J'ne 1 '05, 3%
J. & D.
6
July 1, 1911
do
do
5&6 J. & J.
Nov. 1, 1909
do
M. & N.
do
6
May 1, 1912
do
M. & N.
do
6
July 1, 1936
do
do
4 g. J. & J.
July 1 1936
do
do
3k g. J. & J.
July 1, 1936
do
do
3k g. J. & J.
J. & J. N. Y., Gr. Cent. Station. Jan. 1, 2361
4
3k in '01 See text Check from Co.'s office. Mar. 25, 02. 2
6 g. J. & J. N.Y.,FirstN.Bk.&Balt, July 1, 1911
5 g. F. & A. Bait., Hambleton & Co. Aug. 1, 1911
5 g. F. & A. Balt.,Mer.Tr.&Dep.Co. Aug. 1, 1920
(5) 4 g. A. & O. N.Y.B.&O.Of.,2Wall8t. Apr. 1. 1990
4 kg- A. & O. X Y. GuarantyTrust Co. Oct. 1, 1918
5g.
F.
.
the bonds, principal and interest, by endorsement, but road is opeper mile, being
rated independently. Bonds are issuable at $20.
subject to call at par and Interest on Jan. 1, 1924. From Dec. 18, 1903,
to June 30, 1904, gross earnings were $U9,53i; net, $39,488; fixed,
charges, $44,807; bal., def., $6,319.— (V. 78, p. 989 1
Washington Ac Franklin Ry.—See page 464.
Washington Terminal Co.—To own station at Massachusetts
Ave., Washington, D. C, terminal and approaoht-s to be o»mpleted in
Ohio
1906. The Phila. Bait.
Wash. tPenn. RR. system) and Bait.
own the entire $2,500,003 stock (authorized amount $>,000,000) and
guarantee the bonds, of which $10,000,000 bearing 3 ^ p. c. int. was
sold in Apr.. 1905. the $2,000,000 unissued bonds not to bear interest
inexc ssof 4p. c; V. 80, p. 1973. V. 76, p. 812, 594; V. 77, p. 252;
V. 80, p. e5<2, 1176, 1364 Other tenants besides guarantors areAtlantlc Coast Line, Chep. & Ohio. Seaboard Air Line and Southern rys.
and Richmond- Washington lines— V. 80, p. 1973.
OW
&
&
Weatuerford Mia. Wells Ac Northw.— See page 464.
Wellington Grey Ac Bruce Ry.—V. 75, p. 1356; V. 77, p. 38.
West Jersey Ac Sea Shore Kit.— (See Map Pennsylvania RR.)
Owns all the lines of the Pennsylvania System in Southern New
Jersey, including Camden, opp. Philadelphia, to Atlantic City (59 m.),
Camden to Cape May, 81 m., etc; total 329 miles. V. 62, p. 366, 871.
Stock.— Common stook authorized, $8,076,000, of whloh the Penn.
RR. held Jan. 1, 1905, $2,333,750. Stockholders in Oct., 1904, subscribed to $1,264,000 new common stook, raising the amount outstanding to $6,216,050. V. 79, p. 1463; V. 67, p. 188.
Dividends.— Common, Sept., 1896, to Mar., 1905, lnol., 5% yearly.
Bonds.— First consolidated mortgage is for $7,000,000, of which in
Apr., 1905, $1,840,000 were reserved for prior lien bonds when due,
and $1.0«0,000 for improvements, etc., V. 62, p. 1179. In Oct., 1904,
$1,000,000 3ks were sold for improvements. Mortgage trustee, Commonwealth Title Insur. & Trust Co. Philadelphia.
Earnings.— 5 mos., <190">
Gross, $1,414,728; net, $195,277
Jan. 1 to May 31. X 1904
Gross, 1,363.828; net, 130,177
REPORT.-Report for 1904 was in V. 81, p. 151.
Years end. Dec. 31.
1904.
1903.
1902.
1901.
Gross earnings
$4,307,597 $4,260,460 $3,893,799 $3,678,693
Netearnings
945,475
1002,391
1,049,091.
918.943
In 1904 other income, $5,649; interest on funded debt, rentals,
taxes, etc., $366,878; dividends at 5 p. c. on common (and 6 p. 0. on
speoial guaranteed) oall for $253,843, leaving $434,019; appropriated
for extraordinary expenditures, $331,254; bal., sur.. $102,765.— (V.
79, p. 209, 1463, 1956; V. 80, p. 1060; V. 81, p. 161.)
West Shore
(See Map N. Y. Central <& Hudson River. J—Weehawken, N. J., opposite New York City, to Buffalo, V. Y., with branohes,
436 miles Syr. Ont. & N. Y. RR. (owned), Syracuse to Earlvtlle, 43 m.;
total. 479 m. Sucoessor of N. Y. West Shore <te Buffalo, foreclosed.
Lease.—Leased in 1885 for 475 years to the New York Central &
Hudson and all earnings, &c, included in that company's report. The
$10,000,000 of stock is owned by the New York Central Company.
Bonds.— The bonds cover 479 miles of road, and also the terminals
at Weehawken. Abstract of mort. in V. 42, p. 176.— (V. 68, p. 332.)
West Virginia Central Ac Pittsburg Ry.— Piedmont, WVa., to
Belington, W. Va., 102 ui.; Elkins Junotion to Huttons rllle, 17 miles;
Elkins to Durbin, 47 m. (Coal & Iron Ry.); branches to Elk Garden, &c,
23 miles; total owned 189 m. Leases Pied. &Cumb. RR., 30 miles; 92
p. o. of its stook is owned; lease of 1899 provides for interest on
$650,000 5 p. o. bonds, 5 p o. on $650,000 stook, etc V. 69, d. 490.
By ownership of $2,700,000 capital stock of Davis Coal & Coke Co.,
controls about 50,000 acres of steaming and coking coal and nearly 700
coke ovens; 107,095 acres of coal, iron and timber lands are now
owned and 1,761 leased; production about 5,000 tons of coal and 1,000
tons of coke daily (See West Md.. V. 79, p. 2693.*
Tn April, 1905, Belington <te Beaver Creek Ry., 10 miles, and 10,000
acres of coking coal lands were a quired. V. sO, p. 1427. 1480.
In 1902 control of the road was acquired by the Gould interests, the
entire stook being deposited as security under the Western Maryland
RR. mortgage of 1902, and, it is understood, will shortly be merged.
RR.—
;
V. 79,
p.
787; V. 81, p. 266.
ExTENSioNS.-Coal&Iron Ry., see V.
71, p. 860, and guaranty p 1166.
report( for 1900-1) in V. 73, p. 661.
Oronsof
Net over
Other
Interests
Bal. for
Railroad.
taxes.
income.
rentals.
div., etc.
Report.—Last
Year.
1902 03
1901-02
Pres.,
$1,486,712
1,311,531
Winslow
$589,539 $1,131,443
445,133
671,113
S. Pieroe,
West Virginia
Ac
New York.—
Pittsburg
$240,455
247.H79
$1,480,527
868,367
V. 80, p. 1424; V. 81, p. 266.)
(See Map Bait, di Ohio.)—
RR.—
Clarksburg, West Va., to Riohwood, W. Va., 120 miles, with branch, 6
miles; also from Weston via Buekhannon to Pickens, 50 miles; total, 176 miles.
Leased to reorganized B. & O. for 999 years from
Sept. 1, 1899, per plan in V. 67, p. 1310, for four per cent on the
mortgage, all except $10,000 bonds being stamped with an agreement
reducing the interest from 5 to 4 p c; option to retire bonds at par expired Sept 1,1904. V. 69, p 439.646. Com., $2,500,000. and pref.,
$900,000, all deposited by Bait. & Ohio under its own Pitts. L. E. &
West Va. system mortgage. Mortgage]cover8 road a d equip, and 134.842 acres of timber, coal and mineral lands in West Va. —(V. 71, p. 810.)
Wester 11 (The) Ry. of Alabama,- Selma to West Point, 132 m.
Georgia RR. and Cent. RR. of Ga. each owns half the $3,000,000 stook.
-
;
RAILWAY STOCKS AND BONDS.
436
RAILROADS.
Miles Date Size, or
For explanation of column headings, &c, see notes
on
first
page of tables.
Me
,
Lines Leased (x) and Controlled by Own
yW.Va. Cent & P. 1st M., g., $3,600,000. Mp..o*
zPiedm't & Cuinberl'd, 1st M., Int. rental, g.Me
yCoal&Ir.Ry.,UtM.,V.71,p. 1166gu., g.IUeBa
xyBalt.
xyBalt.
& Oumb.
Val. Rv., lstmort.. int. rental.
& Cumb. Val.
1st mort., Int. rental
iB.
C. V. RR. Ext., stir., gu. ($270,000 car. 7%
mortgage, Interest rental. Ba
1st
xzBalr.
Harrlsb.
mort Rold.MeBa. o*
xyBalt.
Har. Ry., W. Ext. M., g go.MeBa.o*
&
&
&
RR
RR
,
,
,
,
xyFot.Val., lstM.,$2,000,000,g.,gu.MeBa.o*&r
Western N. Y. <e Pennsylvania— Stock (see text)
West. N. Y. & P. 1st M., ($10,000,000), gold. WCe.c*
o*
General M., $10,000,000, gold, see textl'n
Inoome bonds, $10,000,000, gold, non-oum.FPo"
Mortgages and ground rents payable
Western North Carolina— See Southern Ry.
West. Pat.— 1st M., $50,000,000, g., red. 105 BC<fer
Western Pennsylvania— See Pennsylvania RR.
Wheel'g <& Lake Erie— 1st M.. Lake E. Div., g Me.o*
1st M. Wheel'g Dlv., $ & * (2d on 187 m.)g.Ce.o*
Exten. and Impr. mort. ($1,900,000), gold Ce..o x
Istconsol. mortgage, gold, $15,000,000. Me... o*
Plttsb. Lisbon & West. Ry., 1st M., red. at 105...
New mortgage, $50,000,000, gold
Toledo Dock&Coal Co. 1st M., Int. paid as rental
Car trusts, July, 1904, pay'ble m'thly, qr. & ann.
Equipment bonds. $2,500,000, g. s. f see text. Me
Equipment trust notes, gold, due $51,000 yearly
Wheel. Term.— 1st M., $2,000,000, g., s.f.gu.p.&i c&r
—
,
1902 l.coo&e
1902 l.OOO&c
ERSHI p OP A ll (y) o
132 1881
1,000
29 1886
1,000
45 1900
1,000
3 1879
500
5 1879 100 &0.
50
*27 1881
1,000
32 1886
1.000
15 1888
1,000
31 1891
1,000
50
586
1,000
586 1887
586 1895
1,000
1895
1,000
1903 l,000&o
187
50
260
451
25
. ,
10
63
WhitedtBVk Riv.Val. lHtM.$800,000.g.,int.ffU.F.o*
1886
1888
1889
1899
1896
1905
1883
1902
1904
1900
1900
1,000
1,000
1,000
1,000
500
1,000
1,000
1,000
1,000
Dividends > 1894
to 1896. 1897. 1898. 1899. 1900. 1901. 1902. 1903.
4
2
4
4
2 yearly.
3
5
30, 1904, gross, $950,438; net, $348,526;
Other Income, $2,755; charges, etc, $234,800; dividends, $120,000.
Road—Baltimore toWilliamsport,Md..
Western Maryland
etc., 92 miles. Leases— Baltimore & Cumberland Valley Railroad and
extension, Edgemont to Shippensburg, Pa., 34 miles Baltimore <& Harrisburg Railroad, Emory Grove, Md., to Orrtanna, Pa., 59 miles, and
branches, 7 miles western extension, 15 miles Potomao Valley RR.,
Williamsport to Cherry Run on the B. & O., 14 miles, and Porters to
York, 17 m.; Wash'ton A Franklin Ry., Hagerstown, Md., to Zumbro,
total, 265 m. main line.
Pa.. 19 m.; West. Md. Tidewater RR., 6
Also owns entire stock of West Virginia Central & Pitts. (209 miles).
An extension is being built from Big Pool, opposite Cherry Run,
W. Va., to Cumberland, Md., 60 miles, to a connection with the West
Va. Cent. & Pittsburg, of whloh 11 miles was opened in Jan., 1905.
History.— In June, 1902, the Gould Interests acquired from city of
Extension to tidewater
Baltimore all its interest in property.
at Baltimore was opened In Sept, 1904. See V. 79, p. 2693.
Stock.—Common stock, $60,000,000; outstanding June, 1905, oommon, $15,685,400; 6 p. c non- voting preferred, $324,000.
Bonds.—The new 1st 4s of 1902 (authorized issue $50,000,000)
cover the entire property and the stock of the proprietary and leased
lines; also all of the [$11,000,000] stock of the West Virginia Central & Pittsburg and through the stook of the latter's subsidiary oom
pany, the Davis Coke & Coal Co., 100,094 acres of coal land, 7,000
acres of iron ore lands and coal mines producing about 2,000,000 tons
of coal and coke yearly, of $25,000,000 first Issue, $3,500,000
is being used to build the 60-mile extension from Cherry Run,
West Va., to Cumberland, Md., to oonneot the West Virginia Cent'l
and the Western Maryland. The remaining $25,000,000 is reserved as
follows, viz.: $7,481,300 to take up at maturity all above existing
bonds of Western Maryland leased lines and the West Va. Cen. &
Pitts, syetem, and $17,518,700 (of whioh $6,923,000 has been Issued)
under oareful restrictions for additions and development of property
of the two railroad oompanies, and providing terminals in Balto. V.
75, p. 550. 850; V. 79, p. 1024; see V. 79, p. 2693, and V. 81, p. 266
V. 80. p. 473. 1914.
In July. 1905, the first mortgage was a dlreot first lien on 157 miles,
and, through a conveyance of the West Va. Cent. & Pitts. aDd other
proletary cos., it is understood will shortly beoome a direot seoond
lien on 227 miles additional, subject to $6,200,000 divisional Hens; it
also ooverB practically all ihe stook of proprietary and leased companies owning 13 L miles of road in Pennsylvania and Maryland, subject t<> $1,281, 300 underlying bonds, making a total of 514 miles covered dlreotly or Indirectly.
The general Hen and convertible mortgage seoures $10,000,000 of 4
Ser cent 50-year bonds. Interest for the first three years (to Oct. 1, 1905,
lcluslve) being payable only if earned. V. 75, p. 850; V. 76, p. 49.
Earnings.— For 10 mos. ending Apr. 30:
[fine
Orots
Net
Misccll's
Other
Total
earnings,
earnings.
months.
credits.
it' come.
net.
1904-05
$3,195,387 $1,172,032 $190,628 $3«9,951 $1,752,611
1903-04
2,999,816
1,080.589
109,055
455,631
1,645,278
Report.— Offloial statement was in V.79, p. 782, 1 953, showing system
earnings for year ending June 30, 1904, Including West Va. Cent. &
Pittsburg: Gross railroad earnings, $3,757,192; net (over taxes),
$1,433,977; net profits coal and other departments, $511,723; total
net inoome, $1,945,700, against $2,284,916 In 1903; oharges, $1,545,258; bal., sur., $100,442. Balance sheet Oot. 31, 1904, V. 80, p. 468.
President, Winslow S. Pierce; Vloe-Pres. P. S. Landstreet. Directors
(Oct, 1904), V. 79, p. 1956.-(V. 80, p. 1914; V. 81, p. 156, 266.)
Western
York A: Pennsylvania By.—Owns Buffalo to
(Per cent.)
J
For year ending June
RR.-
;
;
;
m
;
;
New
Emporium,
Pa., 118 miles; Buffalo to Oil City, Pa., 136 miles; Oil City to
Olean, 110 miles; Roohester to Hinsdale, 99 miles; Stoneboro to Mahonlngtown 38 miles ; branches, Including proprietary lines, 99 miles;
total owned, 600 miles; leases, 45 miles.
Organization.— Reorganization March 18, 1895 (per plan
ment
In
Supple-
of January, 1895), of the Railroad, foreclosed Feb. 5, 1895.
In 1900, the Pennsylvania RR. purchased $19,402,686 of the stook
at $9 per share. $9,165,000 Income bonds at $300 per bond, and
on Aug 1, 1900, took the road over under lease, v. 71, p. 31, 85;
V. 70, p. 843, 1096, 1150. The new lease, made for 20 years from Aug.
1, 1903, Is to oontinue thereafter from year to year, subject to termination at any time on 60 days' notice. V. 75, p. 1255.
Bonds.— Abstract of Western N. Y. & Pa. 1st mortgage In V. 47, p.
109. On Dec 31, 1904, $395,000 inoome bonds were in the treasury.
Annual Report.— Report for 1904 was given in V. 80, p. 1476.
Calendar years.Year end.
1904
1903.
June, 1903.
.
Gross earnings
Net earnings
$5,341,975
277,598
Interest oharges on 1st mortgage
499,500
Int. on gen. mtg. (see above)....
400,000
Taxes
118,468
Car trusts and other Interest...
221,302
Miscellaneous A extraordinary.
227,112
Balance, surplus
-(V. 76,
p.
*09;
INTEREST OR DIVIDENDS.
Amount
When
Outstanding Rate per Payable Where Payable, and by
Road. Bonds Value.
Cent.
Whom.
Par
of
of
Wei >. Maryl'd—1 st M., $50,000,000, g.
o*Ar Text
Gen. lien and conv.
$10,000,000, text.B.c'&r Text,
M
[Vol. lxxxi.
$5,685,787
473,205
499,500
400.000
109,369
134.100
647,635
$5,116,343
33,289
499,500
400,000
105,276
119,953
434,029
def.$l, 188,784 df.$l,317,399 df$l,525,469
V. 77, p. 825; V. 78, p. 1499; V. 80, p. 1364, 14T6.)
4g. A. &
$31,923,000
10,000,000
4
O.
g.
r Majority OF STOC K(z).
3,250,000
650,000
1,000,000
48,500
72,800
390,600
230,0C0
690,000
240,000
1,300,000
20,000,000
9,990,000
10,000,000
10.000,000
536,158
6
g.
J.
g-
F.
F.
5
5
6
6
J.
J.
J.
J.
5&
6
5
5
g.
g-
M.
M.
5
g.
J.
5
g.
J.
4
ft
A.
5
See text.
5
ft
Nov.
M.
5
5
5
gg-
A.
g-
F.
4
2,000,000
894,000
409,000
11,318,000
150,000
See text.
50,000
547,011
2,152.600
510,000
1,485,000
g-
5
4
5
4»a
4
600,000
5
J.
M.
J.
g.
5
F.
gggg-
&
&
&
&
&
&
&
&
&
&
&
&
J.
J.
F.
&
&
&
&
&
&
&
&
&
&
J.
&
Merc Trust Co. Oct. l, 1952
do
do
Oct. l. 1952
See statement of each company
N.Y.,FirstN.Bk.&Balt. July L 1911
Bait,, Hambleton & Co
Aug. l. 1911
Bait. Mer.Tr & Dep Co, Aug. 1, 1920
Bait., Farm, & Meo.Bk
July l. 1929
do
do
July 1, 1929
do
do
July l. 1905
do
do
July l, 1931
do
do
Nov. l. 1936
do
do
May 1. 1938
.
Baltimore, Hilien St'n
J.
1.
S.
Stocks— Last
Dividend.
N. Y.,
,
O.
Bonds— r rrnoi
pal.When Due
Jan.
1,
1941
N.Y.,N.Y.Seo'y&Tr.Co. Jan.
do
do
Apr.
Fid. Tr.— When earned. Apr.
1.
1,
1,
1937
1943
1943
New Yorkand SanFran
Sept.
1,
19S3
Oot.
1,
1,
1,
1926
1928
1930
1949
1926
O. N. Y., Mercantile Trust
N. Y., Central Trust.
J.
A.
do
do
S. N. Y., Mercantile Trust
J. N.Y.,
July
Feb.
Sept. 1,
Bowl.GreenTr.Co July 1,
1955
Aug
1908
1911
J. N. Y., Merc Trust Co.
Jan. 1, 1922
D.
New York.
Deo'05-Dec'14
Office, Pittsburg.
A.
Aug. 1, 1940
J. N.Y., First Nat'l Bank June 30, 1980
A.
To
l,
April,
Pacific By.— Under construction from Salt Lake City,
Utah, to Oakland (San Frauoisof ). with branches, about 930 miles,
In Feb., 1901, the Alame<ia& San Joaquin RR. Stockton to Tesla Cat,
30 miles, was aoquired. V.78, p. 822. In Mar., 1905, control of the Boca
A Loyalton, Boca to Beckwith, etc., 56 miles, was purchased. V". 80, p.
1425. The Denver & Uio Grande and Rio Grande Western own a
majority of the stook and jointly and severally agree to meet any
deficiency in earnings to provide interest on bonds. V. 80, p. 1730.
Construction to be pushed.
Stock authorized, $50,000,000. to be increased to $75,000,000; par
of shares, $100. Bonds, *50,000,0i 0, have been underwritten; see
table above.
78, p. U£8; V. 80, p. 1480: V. 81, p. 32. President,
E. T. Jeffery; Vice-Pres. and Gen. Counsel, W. J. Bartnett; Vice-Pres.,
Jesse White; Vice-Pres. and Chief Engineer, Virgil C. Bogue; Treas.,
J. Dalzell Brown; Sec, B. M. Bradford; Asst. Sec, L. R. Bush, New
York. Directors, June, 1905. V. 79, p. 1267: V. 80, p. 2623.— (V. 80,
p. 1364, 1425, 1480, 1730, 2221, 2622; V. 81, p. 32.
Wheeling Terminal By.— Owns a railway bridge at Wheeling,
W. Va., and about 10 miles of terminal traok. Successor of Wheeling
Bridge & Terminal Ry., foreclosed in 1900.
Stock.—$2,000,000,
all owned by Pennsylvania Company, whioh guarantees principal and
interest of bonds, of which +500,000 are reserved for additions and
Improvements; mortgage trustee, Commercial Trust Co. of Phila.
Form of guaranty, V. 76, p. 655. Penn. RR. on Jan. 1, 1905, owned
$1,263,000 bonds. For year ending Deo. 31, 1904, gross, $194,987;
net, $113,975; int., $59,400; improvements, etc, $51,925; bal., sur.,
$2,650. Sec, 8. B. Liggett— (V. 76, p. 655.)
.— (See Map of Wabash RR.) Includes:
Wheeling & Lake Erie
Lines owned.
Miles.
Mile*.
Toledo, O.. to Martin's Ferry. ..218 Cleveland Belt
6
Cleveland to Zanesvllle,
144 Branches owned
46
Canton to Skerrodsville
45 Branohes operated, not owned. 23
Toledo Belt Line
5
Total July 30, 1903
488
History.— Successor May 1, 1899, per plan in V. 66, p. 1142, of W.&
L. E. Railway, foreclosed. V. 68, p. 830.
Wabash-Plttsburgh Terminal Ry. (which see above) acquired in 1904
following amounts of the stock, $11,870,000 common, $6,423,800 2d
pref. and $847,500 first pref stook. V. 78, p. 2386, 2444.
The Zanesvllle Belt & Terminal Ry. has been operated since Jan. 1,
1902, under a temporary agreement. V. 74, p. 207. The W. «& L. E.
RR. owns majority of the stock of the Pitts. Wheeling & Lake Erie Coal
Co.. leased In 1901 for ten years to other parties. V. 70, p. 799, 741.
Stock.— Common stock authorized, $20,000,000; 1st prof., 4 p. o.
non-oum., $5,0^0,000; 2d pref. 4 p. c non cum., $12,000,000; outstanding common, $20,000,000; 1st prel., $4,986,900; 2d pref, $11,993,500; pur of shares, $100. See "History" above.
Bonds.— The mortgage of 1899 secures $15,000,000 gold 4s, of whloh
$3,328,000 are reserved to retire at maturity all underlying bonds.
V. 68, p, 1027; V. 69, p. 29. They are a first lien on 202 ^ miles and
cover 248^ miles additional, subjeot to the outstanding divisional
bonds. V. 74, p. 1040.
Under the consol. mortgage, all underlying bonds, as exchanged, must be oanoeled. (V. 71, p. 391; V. 70,
See application to list, V. 71, p. 34, 542; V. 72, p. 534,
p. 896, 998.)
Western
V
—
BB
'.
p. 1040; V. 77, p. 2392. As to new 4s of 1905. see below.
Equipment bonds of 1902 maybe purchased at not exceeding 105 and
interest or drawn by lot at 108 and Interest (or the sinking fund may
628; V. 74,
be applied to the purchase of additional equipment) to the following
amounts: $75,000 for 4 years, beginning Jan. 1, 1903, then $100,000,
$125,000, 1150,000 and $175,000 yearly for each successive period of
4 years to date of maturity. V. 74, p. 578. In Dec, 1904, $501,000
equip, trust notes, secured on 1 ,000 coal cars, were sold. V. 79, p. 2644.
General Finances. The stoc kholders on May 20, 1905, authorized
a mortgage to secure $50,000,000 of 50-year 4 per oent bonde, of which
$10,000,000 has been sold for improvement?, about $15,000,000 is
reserved to retire underlying bonds and $25,000,000 for future purV. 80, p. 1730.
poses.
Latest Earn's.— 11 mos.
) 1904-5... Gross, $4,119,f>98; net, $828,066
31.
5 1903 4... Gross,
3,963,438; net, 972,598
Report.— Report for the year ending June 30, 1904, was in V. 80.
In 1903-4, of 5,7f 2,524 tons of freight carried, products of
p. 219.
mines furnished 68*11 percent (bituminous coal, 51-12 per oent).
dross.
Net.
Year—
* Oth inc. Int., tax., etc. Bal. , sur.
July
1 to
May
1903-1904
$4,325,282 $1,049,983 $70,198 $1,056,527 $63,654
1902-1903
4.234,771
1,001,709
989,028
12,681
* Balance of oash assets turned over by reorg., etc, committees.
Officers.— Chairman of Board, Myron T. Herriok, Cleveland; President, F. A. Delano, St Louis; V.-P., B. A. Worthlngton. New York;
Seoretary and Treasurer, H. B. Henson, New York.
Directors.— George J. Gould, Edwin Gould, Cyrus J. Lawrence, Winslow 8.
Pierce. Alvln W. Krech and W. B. Connor of New fork; Joseph Kamsey Jr.
of St. .oiii k; Myron T. Herrlck, George A. Garretson, M. W. Oglebay. H. P,
Mcintosh, Robert Biickensderfer, Dan. It. Hanna and William G. Mather of
Cleveland, and C. M, Spitzer of Toledo. O.— (V. fcO.p. 123*. I8f4, 1480. 1730, -mi.)
White & Black Blver Valley BB.—Brlnkley to Jaoksonport,
Ark., 63 miles. Leased for 80 years from July 1, 1900, to the Choctaw
Oklahoma & Gulf RR. for guaranty of interest, Indorsed on bonds.
Stock authorized, $1,875,000; paid in, $323,000. Of the $600,000
bonds outstanding, $100,000 have coupons cut off for the first ten years
and $200,000 are reserved for extension to Batesviile— (V. 72, p. 189.)
I
July, 1905.
J
RAILWAY STOCKS AND BONDS.
437
..
.
RAILWAY STOCKS AND BONDS.
138
Bonds— ITinoiINTEREST OR DIVIDENDS.
pal.When Dae.
When Where Payable, and by Stocks— Last
Payable
cent.
Whom.
Dividends.
RAILROADS.
Miles Date Size, or
Amount
For explanation of column headings, &c, see notes of
of
Par
on first page of tables.
Road. Bonds Value. Outstanding
White Pass a Yukon— Stock £1,700.000
Consol. 1st mort. deben. stock, red. after 1920.
110
Mortgage debentures (nayigatlon bonds) red
Wichita Falls— 1st mort., g., red. at 105, s. f.SSt.o
18
Wicn. Vol.— lstM.,ln. red.to3% to Jaly,'07g.KIeo"4r
51
Wilkcsbarre <£ Eastern— See N. Y. Susq. & West.
Wilkesbarre «6 Scranton— Stock, 5 per cent rental.
5
First mortgage gold, guar. p.&l. by L. C.
N. Co.
5
Williams Valley 1st mort., $120,000 authorized.
12
WUliamsport <t No. Br.— 1st M., $750,000 g.FP.c*
47
Wilm. Oolum. <£ Aug.— See Atlantic Coast Line CO. OF
WUlmar <£ Sioux Falls— See Great Northern.
Wilming. dt North.— lstM.,call In 1907, Int. guar..r
88
88
General M., $1,000,000, g, p.& 1. gu., end. PeP.r
&
£10
1900 £10, &o
1901
£100
1895
$500
1890
1,000
50
1888
1903
1901
1,000
500
1,000
^.p..
£1,375,000 See text. See text Off. , 7 Moor gate St. ,Lon. July 17/05,2%
£746,702
5
J. & J.
do
do
Deo. 31, 1930
£255,555
6
J. & J. Lon., Glyn, M., C. & Co. Jan. 1, 1911
St. Louis, Mo.
$230,000
6g. J. & J
Jan. 1, 1925
769,000
3 (5) J. & J N. Y. Mercantile Trust. July 1, 1940
500,000
500,000
See text.
530.000
to call at 105 after 1910.
Marsh.&S E.dlv. lstM.,g.,subJ.to oall at 105.1 s
Equipment trusts, gold, due $60,000 yearly. IWp
Chic. Wisconsin & Minn. 1st M., gold, assumed.o*
Milw. & Lake Win. 1st mort., gold, assumed... c*
Wis. Cent. RR. con. M., 1st series, gold, ass'd.cAr
Jlp
Wisconsin <& Mich,— 1st M.,g., $15,000 p.m
Wise. Minn. <& Pacific— 1st M. (see text), gold. in e.o*
Woonsocket A Pasc.—lst M., Int. gu. City of Woon.o
Worcester Nashua d Rochester- Stock ($3,600,000).
g., subj.
Wor.&Nas. f Wor. Nashua & Roch. RR. bonds. o*
do
do
IstM. of
do
do
do ...c
do
79 securesj
do
do
all equally.
do
. .
)
(.
,„,
33
122
66
416
54
271
9
94
47
47
47
47
1887
1892
500
4k*
1900
1,000
1901
1,000
1902
1885
1,000
1882
1,000
1879 500 <fec.
1895
1,000
1900
1,000
1890
1,000
100
1886
1,000
1893
1,000
1890
1,000
1895
1,000
p. 1300.
Organization.— Incorporated under English Companies Act.
Securities.— Capital stock authorized, £1,700,000 as increased in
Mar., 1901. Of the £700,000 new stock, £255,555 will be reserved
to retire a like amount of debentures. V. 72, p. 582; V. 74, p. 479.
The consolidated 1st mortgage 5 p. c. debenture stock of 1900 le
a £750,000 issue, scoured by a first mortgage on the £752,223 bonds
and the entire stock of the local companies owning the railway. A*
to sinking fund, see V. 75. p. 1300.
Dividends.— First oash dividend of 5 per cent paid Apr. 22, 1901,
and also In August a 25 per cent stock dividend, the two together rep
resenting the profits of the first three years to June 30. 1901; Dec,
1901, 5 p.c: in 1903, July. 2ht p.o.; in 1904, Jan., 2>s p.c; July, 2>sp.c.;
1905, Jan., I 1* p. c; July, 2 p. c.
Report for year ending June 30, 1904, was in V. 79, p. 2638, showing
net profit above interest on debentures and debenture stook, £58,137;
brought forward from last year, *44,326; total, £102,463; dividend
4 p. c), £55,000; bal.. stir., £47.463.
Pres. of the local (mbsidiary) companies, 8. H. Graves, Macklnnon
Bldg., Vancouver, B. C, Canada. See. F. C. Elliott.— (V. 79, p. 263S )
Wichita Falls By.— Henrietta, Tex., to Wichita Falls, 18 miles.
Operated t>v Missouri Kansas & Texas Ry. under contract extending
to Jan 1, 1930. providing for division of rates. Stock, $20,000.
Year ending June 30. 1904, gross, $-9,837; net, $36,297; int. and
sinking fund, $16,240; dlvs., $20,057.— (V. 73, p. 1161; V. 71, p. 865.)
Wichita Valley.— Owns from Wichita Falls to Seymour, Tex.. 51
miles; completed in Sept., 1890. In Nov., 1903, the Wichita Falls*
Oklahoma Ry. was incorporated bythe same interests wlih $200,000
authorized stock to build from Wichita Falls northeast about 75
miles, of which 22 miles to Byers completed June, 190». is leaded for
52 p. o. of operating expenses under temporary lease. V. 78. p. 1276.
Stook. $6,000.000 outstanding, $1,020,000; par, $100. In 1897 interest was scaled to 3 per cent to July 1, 1902, Inclusive, and again
In 1902 for 5 years to July 1, 1907, inoluslve. Land and income notes
(6s), $123,617; Income notes (5s) $68,249.
V. 67, p. 224; V. 76,
p. 160. Year 1904, gross, $70,870; net, $36 916; Interest on bonds,
and taxes. $26,05f; Int. on incomes, and rentals, $10,812; bal., sur.,
;
78, p. 1277.)
Wllkesharre & Scranton Ry.— (See Map Central RR. of N. J.)—
Owns from Scranton to Mlnooka Junction, Pa., 5 miles, of which Ik
miles Is double track. Leased from May 1. 1888, to Lehigh Coal.
<8>
Nav. Co. (which holds all the stock) during corporate existence
one year, at $47,500 per annum and taxes. Lease assigned to
Central of N. J. at 6 per cent on cost of road ($1,089,582) and taxes.
William'* VjiIIcj* RR.— Brookstde to Lykens. Pa., 12 miles.
Stock authorized, $120,000; outstanding, $90,000: par of shares, $50.
The 5s of 1903 were to retire at once the $87,000 of 6s due Dee.
1, 1911, the remaining $33,000 for Improvements.
78, p. 1893.
For year ending June 30, 1904. gross, $26,790. President and Gen
Mgr., O. M. Kaufman Tower City. Pa. (V. 78. p. 1393.)
less
V
RR.— Hall's to Satterfeld, Pa.,
and
br., 47 miles; leases Eagles Mere RR., 10 miles; total, 57 miles.
8tock (authorized, $2,000,000) common. $925,362; preferred, $400,000; par $50. The 4*ts of 1901 oover the road and 3,000 acres of
coal lands In Sullivan Co., Pa., $250,000 being reserved for exten
slons. V. 72, p. 990, 1280. Equipment trusts June 30, 1903 *75,0< 0.
Earns— 11 mos.. ) 19"4-5
Gross, $154,807; net, $46,058
July 1 to May 31>1903-l
Gross. 153,698; net, 23,382
Surplus over 11 mos. charges, $15,004 In 1904-5, ag'st dr. of $7,191
Year ending Jane 30, 1904, gross. $16-<,934; net. $40,772; charges,
$33,356; balance, surplus, $7,416. President, 8. D. Townsend, Hughes
ville, Pa.;Seo and Treas., H. C. Adams. N. Y.— (V. 78, p. 2386.)
Wilmington &. Northern
Owns Wilmington, Del., to
Highs Junction, Pa., 71 miles; branohes, 17 miles; total owned, 88
miles trackage to Reading, Pa., etc., 4 miles. (General mort. bonds are
reserved to retire first mort at maturity. The Reading Co. owns practically the entire $1 500,000 capital stock, which is deposited under Its
collateral trust mortgage. The road Is leased to the Phila. A Road. Rv.
for 999 years from Feb. 1, 1900, for interest on $760,000 bonds and 3*9
p. o. div. on stock, payable quarterly (Q-F-15). V. 70, p. 127, 998; V.
71. p. 758 The stockholders voted May 1 1905, to issue $240,000 general mortgage bonds for extensions or branches; none issued to
June, 1905 V. 80, p. 1425. No report since 1898— in V. 68, p. 1021.
RR.—
;
,
-
5
J.
& D
Phila.,
Q.-F.
do
5g.
Winona Rridgc Rail way.— Owns bridge between Winona,
Minn., and Buffalo, Wis., 103 miles; opened Sept. 1, 1891. Leased for
30 years to Chicago Burlington & Quincy and Green Bay & Western,
the former, it was reported in July, 1S03, acquiring about two-thirds
and the latter the balance of the $400,000 stock. V. 77, p. 252.
Stock.— $400,000; par, $100. Year ending June 30, 1901. gross, $25,16?; net, $18,863; charges, $19,851; bal., def., $988. (V. 77, p. 252.)
Wlftcasset Waterv. & Farmlnston
See page 464.
Wisconsin Central Railway.— (See Map)— System extends
from Chioago to Ashland, Wis., and Lake Superior iron mines, also to
St.Paul and Minneapolis. By the extension to Manitowoc and the ear
ferry across Lake Michigan, connects with the Pere Marquette and has
a short line to the East. V. 63. p. 117. The system includes:
5g
M.
5
g.
J.
4g.
J.
3k*.
500,000
434,000
415,000
776,000
604,000
656,000
951,000
5,524,000
100,000
3,099,800
150,000
511.000
735,000
380,000
do
N.
108 So. 4th
do
Deo.31,'04,5%
St.
(Pa.) N. Bk
J. Phila., Fidelity Tr. Co.
Tower City
D.
May
1,
1,
1,
Deo.
July
1938
1923
1931
J.
M.
J.
&
&
&
&
&
&
S.
i g
A
i
5%
g
g
-
-
J.
J.
J.
A.
A.
In '05 J.
4
4
4
4
J.
J.
J.
A.
1907-1927
Aug. 1, 1938
209 Adams St.. Chicago Sept. 1,1915
Real Estate Tr July 1, 1931
July 1, 1949
Jan. 1, 1950
New York,
May 1, 1951
} Maitland, Coppell
July 1, '06-12
& Co.
Mch. 1, 1916
July 1, 1912
I
do
do
Jan. 1, 1909
See text.
Jan. 1. 1945
C. G. West.,N.Y.&8t.P. Oct. 1, 1950
R. I. Hos. Tr. Co., Prov. Oct. 1, 1910
Bos., Am. Loan ATr.Co. July 1, '05, 3%
do
do
Jan. 1, 1906
do
do
Jan. 1, 1913
do
do
Jan. 1, 1930
do
do
Oct. 1, 1934
J. Phila.,
J.
!
J.
N.
J.
M.
-
Read'g Term'l.
do
)
&
&
&
&
&
&
&
O.
O.
J.
J.
J.
J.
o.
—
Miles.
Lines owned. —
Miles.
Trout Brook Jet.. Wis.452 Other branch?*
49
Abbottsford to Ashland, Wis... 133 Trackage to Chi»., Minn., etc.. 32
Rugby to Milwaukee, etc
Branch to Bessemer
34
28
Stevens Point to Portage City. 71
Spurs to industries (65 miles
Neenah toManitowoo(14 jntly) 44
unoperated)
167
Marshfleld to Nekoosa
33
Grand total (incl. spni s operated 102 miles and unop. 65 m> ... 1 ,043
In July, 1905, the Duluth extension was under construction from
Owen, Wis., to Dnluth and Superior, 150 miles.
Organization.— Successor July, 1899, of Wisconsin Cent. Co. foreLines owned.
Chio. to
closed per plan V.68, p. 725; V.69, p. 29. 83, 133, 182. See V.70, p. 433.
Stock.— Stock authorized, oommon, $17,500,000; pref. 4 p. o. noncom., $12,500,000; outstanding, common, $16,147,876; pref., $11,267,104; par of shares, $100. After 4 per cent dividends on both
classes shall have been paid in any year, both shall participate equally
In any further dividends for such year. The preferred has the right to
eleot a majority of the directors in case of failure for two guooessive
years to reoelve 4 p. c. per annum.
Bonds The new 1st gen. gold 4s ($27,000,000 authorized) are
secured by a mortgage upon all the lines of railway, terminals, equipment and other property acquired thereby, and also by deposit of all
securities owned or acquired under the plan; In July, 1904, $2,241,150
were reserved to retire underlying bonds still outstanding Of the
generals, up to July, 1904, $892,000 were purohased in the open
market and canceled. V. 75, p. 734, 1204; V. 77, p. 1236.
Earnings.— For 11 months ending May 31:
—
1 1 mos.—
Gross.
1904-05.. ..$6,08V19
Net.
Oth. inc.
Bal., sur.
Interest, etc.
$36,243 $1,605,090
$48?,901
$2,056,748
1903-04.
1,891,797
45,633
1,603,914
333,516
5,921,096
Report.— Report for year ending June 30. 1904, at length, was In V.
77. p. 16?6, 1650; see also edit., p. 1606. Of the total freight traffic in
1900-1 (3,437,902 t'<ns) 2707 p. o. was iron ore and 26 83 percent
lumber and forest products. Iron ore contributed 9'67 per cent of
the ton miles hauled and 8-57 per cent of the freight earnings. Average
rate per ton mile In 1903-4, 6-43 mills, against 971 mills in 1893-4.
1903-04.
1902-03.
1901-02.
1900-01.
Gross earnings
$6,466,176 $6,651,862 $6,041,470 $5,324,274
4,205,993 3,883,374 3,446,463
Operating expenses. .. 4,3*2,439
.
Not earnings
Total net income
$2,123,737
$2,174,933
Fixed ohar., taxes, etc. 1,750,686
$2,445, 863 $2,158,096 $1,857,811
$2,484,299 $2,195,173 $1,882,574
1,760,227
1,715,068
1,636,455
$724,072
$480,105
$246,119
$424,247
Sur. for the 12 mos....
Dirkctohs — John Crosnv Brown. William 1,. Bui .Iiimes C. Colgate. Fred.
Sheldon and Joseph 8. DhIo, «e» York;
T Oato^. Gerald F,. Iloyt. KM ward
Frauds K. ll rt, B aton; Henry B\ Wbltonib ai.d Howard Morris of Milwaukee; William F. Vilas, Madi« n, Wis.
Opfickrs— hairman of the Board, Wm. L Bull; President, FTenry F. Whltponib, Milwaukee: Comptroller and Auditor. Kobert Toombs. Milwaukee;
Treasurer, William It. II mene*. Milwaukee: Secremry. Chas M. Morris. Milwaukee; Assi Hec. J'seuh S. Dile New York. N. ¥. office, 62 William Street.
(V. -». p. ItMff, 1050; V. Ho, p. 21.)
\Vi*< on sin Ac Michigan Ry.— Owns from Qulnneseo, Mich.,
In May, 1904, logti'Peshtlgo, Wise, 73 miles; trackage, 8 miles.
ging railway Pern bine. Wis., westerly 42 miles, was purchased. V. 78,
From Peshtigo oars'are taken by Lake Michigan Car Ferry
p. 2013.
Stock, $951,500; par value, $100;
Transportation Co. to Chioago
current liabilities June 30, 1903, $1.4 10,229. Last coupon paid was
stockholders voted Juue 12, 1905, to
that maturing July 1, 189S. The
increase the stock to $5,000,000 and to authorize a mortgage to extend the road from Iron Mountain to Supeiior aud to Norway. In
July, 1905, contracts were reported let. V. go, p. 22zl. Pres., J. P.
Hopkins. Chioago.— (V. 80, p. 2221.)
Pacific
Red Wing, Minn to
Wisconsin IMinncNOtMankato, 957 miles; Red Wing to Osage. la.. 118'2 m.; branch to Clay
Banks, 2-9 m.; Winona to Simpson. Minn., 54-2 m,; total, 271 miles.
Stock, $5,871,600, all owned bj the Chicago Great Western Ry., which
company operates the road as a part of its system under an agreement
dated Apr. 1, 1901, running for 100 years, providing that all net earnings above interest on bonds shall go to the Great Western; accounts kept separately. V. 73, p. 566.
Report.— For the year ending June 30, 1904 (271 average miles),
in V. 79, p. 1344, shows: Gross. $67H,382; net.+2.=i0,998; interest. $£03,700; bal., sur., $47,298.— (V. 73, p. 844; V. 80, p. 1858; V. 81, p. 213.)
1
W
&
&
,
RR.—
,
RR.—Owns from Worcester
Leased for 50 years from Jan.
Maine; rental $250,000 and taxes.
Worcester Nashua
via
(V. 80, p. 1858.)
RR.—
J.
J.
5
354,000
406,000
1,000
& Yukon
Wllltam«i>ort& North Rranch
Phila.,
&
&
&
M.
S. C.
White Pass
Ry.—Owns a narrow-gauge line 110 miles
in length, extending from Skaguay, Alaska, to White Horse. (V. 69,
p. 335; V. 67, p. 1162, 1138); also operates steamers between White
Horse and Dawson City and Caribou and Atlin. V. 73, p. 443; V. 75,
$48.— (V.
Dec. 31
5
Wilmington <& Weldon
See Atlantic Coast Lin ERR.
103 1890 1,000
Winona Bridge— 1st M., gold, s. f., r'd. at 110.F
384,000
1901 100 &C
Wiseas. Watered: Farm.— 1st M., $1,000,000, red..
671,800
Wise. Cent. fly.— 1st gen. M., g.. $27,000,000 XJs.c* All 1899
1,000 23,748,000
Minn. Ter. M.,
[Vol. lxxxi.
Nashua to Rochester, 94
Rochester
miles.
1886, to the Boston &
Drv'DS- ) 1887-93 *94 '95 '96 '97 '98 '99 '00 '01 '02. '03.
4V»
5 5U i's 4 5=H 5
5
5
Per cent .{ 6 yearly 5
In 1904 and 1905, Jan., 2% p. O.i July 3.— (V. 76, p. 1409
'04.
1905.
5* SH
)
Wrlsjlitsvllle At Tennllle RR.— Tennille. Ga.. to Hawktn-iville,
76 miles. V. 69, p. 189. Stook, oommon, $230,000; pref ;$70.000; par
$25. Cent. o( Ga. Ry. owns all pref and •£104,300 common.
Dividends, long, 6 to 7 p o. yearly: 1^04. Jan. 1, 4 p. c; June 30,
June, 6 p. c. (Incl. 3 extra). For year to June 30.1904,
3 p. c; 190
gross, $167,5H7; net, $42,302; ot'ier Income, $7,376; taxes and Improvements. $10,5'0; div., $21,000; bal., $18,038. Pres., A. F. Daly,
'
,
Tennllle, Ga.— (V. 77. p. 695, 1534.,
I iiKMiiiic Short Line Uf.-|V, 81, p. 21?.)
3"
.
INDUSTRIAL AND MISCELLANEOUS COMPANIES.
The following pages (Nos. 439 to 4o8) contain the leading industrial companies; Some additional statements will be
found on pages 459 to 463, while various gas companies are on page 465, and an index to still other industrials is on p. 464.
MISCELLANEOUS.
Date
Size, or
Amount
of
Par
For explanation of column headings, &c, see notes on
Bonds Value. Outstanding
first page of tables.
Adams Express— Btook— 120,000
$100 $12,000,000
500 &c 12,000,000
100 19,820,000
100 16,150,000
100 153,888,000
100 17,215,600
100 18,153,000
sb.-par, notfixcd, treat ed as
1898
Collateral trust mortgage, gold.ITIe
Allis- Chalmers— Common stock, $25,000,000
Pref., 7%, cum. (as to assets & div.i, $25,000,000, text.
Amalgamated Copper— Stock, $1 55,000,000
Amer. Agricul. Chemical Co.— Stock, com., $20,000, 000.
Pref. 6 p. ot. cum. (as to assets and dlv.) $20,000,000..
1905
Notes, $2,500,0'i0, red. 101*s
2,500.000
50
American Bank Note— Stock
3,600,000
1902
1,000
833,000
Debentures, gold
100 15,000,000
>••
American Beet Sugar—Common stock, $15,000,000
100
4,000,000
Preferred stock, 6 per cent, non-cum., $5,000,000
2,700,000
darts, of indebted., $3,000,000, red. at]par Feb., 1903.. 1905 l.OOO&o
cum
100 41,233,300
American Oan—Pret. stock, 7 per cent,
100 30,000,000
American Oar <£ Foundry— Com. stock, $30,000,000. G.
100 30,000,000
Preferred stock, 7 per cent, non-oum., $30,000,000. U
100
American Chicle— Stock, common, $6,000,000
6.000,000
100
Preferred, 6p c. cum., $3,000,000
3,000,000
c 1901-2
Amer. Cigar— Gold notes, gu. p. &I.,red. 102 1*
1,000 10,000,000
American Cotton Oil Common stook, $20,2*7,100
100 20,237,100
...
100 10,198,600
Pref. stook 6% non-cum., sub. call at 105, $14,562,300
Debentures, extended in 1900 (V. 71, p. 2374, 1010).c' 1890
5,000,000
1,000
Amer. Dist. Tel. Co of N. /.-Stook. $10,000,000 auth
100
9,740,385
100
American District Telegraph ofN. Y.—Stook, $4,000,000
....
3,844,700
—
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and
Payable
Whom.
Cent.
See text. T.
4 g. M.
See text
See text.
,
.
M.
4>a
o
6
4ia g-
\.
"~h"
D.
S.
— M.
%
6 in 1901 A.
5,000
A
&
F.
&
4 g. M.&8.15
See text. See text
6 in 1904 J. & D.
4 in 1904
2 in 1904
N. Y., 71 Broadway.
Checks mailed.
Mch.
1,
1948
Feb. 1,'04, 1\
Aug.28,'05,11*
26 B'way Apr.
1, '05,
3%
1908
J'ne30,'05,$l
M
By check.
& O. N. Y., Bowl. Or. Tr. Co Apr. 1, 1952
5inlP04 Q.-J.
g.
N. Y., Merc. Trust Co.
ruch. 1,
8.
See text. Q.— F.
See text
7
12 in '04 M'nthly
6 in 1904 Q.-J.
4^
Dividend.
New York, 59 Broadw'y Junel.'0"i,4%>
O. N. Y., Office,
<te
Q.-J.
M. & 8
6
Bonds— Prlnclpal.When Due.
by Stocks—Last
Q-F.
Q.—J.
M. & N.
July 1, '05,11*
Checks mailed.
Mar. 1, 1910
N. Y., 3i Nassau 8t.
July 1. '05.
Checks mailed.
N. Y., Guar. Trust Co. May 2, '04, ifl
Julyl, '05, li«
do
do
N. Y., Park Row Bldg. Aug.21.'05,l%
.Inlvl.'W, li*
do
do
N. Y., Morton Tr. Co. Mch. 15,'11-12
N. Y., Winslow, L. <fe Co, Deo. 1, '04,1
m
June 1, '05,
do
do
Nov. 1, 1915
do
do
Treae off.,195 B'y, N.Y July 22, '05. 1
Treas.off.,6 Dey 8t.,N.
Y
Mayl5,'05,l%
Adams Express.—Organization.—An association formed in 1854
but not incorporated, operating on about 35,000 miles of railroad, including Penn., C. B. & Q., Ches. & Ohio, N. Y. N. H. & H.. etc.
Bonds.—In 1898 treasury securities were pledged with Mercantile
Sugar" item, V. 69, p. 1249. Report for 9mos ending Mar 31, 1905
in V.80, p. 1911. showed: Total income, $3,798,'- 80; profit from oper
ation, $1,117,795; cost of maintenance, $491,915; profit of campaign,
$625,880; expenses and interest, $2>4,527; div. on pref. (4^» p. o.i,
Tr. Co. to secure (sub)ect to prior indemnification of shareholders from
any loss by reason of personal liability) $12,000,000 of 4 p. o. bonds.
These last were then distributed as a 100-p. o. dividend. V. 66, p. 470.
Dividends.— Long 8 p. e yearly, but reduced in 1898, on payment
of 100 p. o. div. in bonds, to 4 p.c: in Dec, 1900, to June, 1905, 8 p. o.
yearly, and in Mar.. 1903, to 1905, inolus.,2 p. c. extra eaoh from the
sale of certain real estate. V. 76, p. 436; V. 77, p. 90; V. 78, p. 704.
$180,000; bal., sur., $191,353. President, H. T. Oxnard; Treas., J. E,
Tucker, 32 Nassau St., N. Y.— (V. 80, p. 1 91 1 .)
American Bicycle Co.— See Pope Manufacturing Co.
Alabama Consol. Coal
Sc Iron.— See page 459.
Canal.—See page 469.
Allls-Chalmers Co.—Organization.—Incorporated in N. J. on
May 7, 1901, to manufacture heavy engines, mining and other machinery, combining Edward P. Aliis Co. and Fraser
Chalmers. V. 72,
Albemarle
&
Cb.es.
<fe
p. 874. 937, h90.
In July, 190
>,
was
letting oontraots for some
V. 80, p 1858; V. 81, p.
$3,000,000 additions to Milwaukee plant.
Stook, etc, see V. 74. p. 1144.
In 1904 entered upon electrical, turbine and gas engine field, leasing
Bullock Electric Co for 25 years (with privilege of renewal for 25 years
for 6 p. c dividends on $1,500,000 pref. stock and division of profits with
the $1,000,000 oommon stock. V. 78, p. 1111, 2439; V. 80, p. 713.
Pref. Drvs.—July, 1901, to Feb., 1904, 7 p. c yearly; none sinoe.
Stock, Etc.— Preferred entitled to 7 p. o. cumulative dividends and
a further preference of 1 p. c. non-oum. after 7 p. c. on common, into
which it is co> vertible, $ for $. on May 1 till 1921; no bonds.
Report.— Fisoal year changed so as to end J une 30. Report for the
year ending Apr. 30, 1901, was given in V. 78, p. 2439, showing: Net
profits over depreciation, etc, $952,624; dividends on pref (5*4 P- c),
$853,125; bal., sur., *99,499. Chairman of Ex Com., K. D. Adams.
Chairman of board, E. H.Gary; Pres., B. H.Warren; Vi"e-Pres and
Gen Man .Walter H. Whiteside: Vice-Pres. and Treas., W. J. Chalmers; Vice. -P. and 8ec. W. W. Nichols. Office, 71 Broadway, N Y.—
(V. 80, p. 1113 1364, 1480, 1858; V. 81, p. 266 )
Amalgamated Copper Co.— Organization, Etc. -Incorporated
on April 27, 1899, in New Jersey, and purchased control as follows:
266.
Capital Par
Dividends (p. c.)
"
Majori'v stock acquiredstock.
val. '98. '99. '00. '01. '02". 08. '04.
Anaconda Cop. Min. (V. 78. p. 2013). .$30,000,000 $*6 10 13 16 13 4 4
4
Bos & Mont.Con. Cop, A Silv. Mln.... 8,750,000 25 64 144 172 140 24 32 866
Butte & Boston Con Mln
8,000,000 10 ..
..
60
10
Parrot Silver & Copper Co
2,298,500 10 18 39 CO 85 5
..
10
Hennessv Mercantile Co
1,500,000 (?) (?) (?)
(?)
(?) (?) (?)
(?)
Also acquired all the following stocks: Washoe Copper Co., *5,00'i,0)O; Colo
rado Smelting & Mining Co., $2,600,<K)0; Dlamondvilie Coal & Coke Co., $1
500.0U0; Big Black Foot Mining Co.. *700,000, and 'controls timber lands, coal
mines, railways, real estate, etc.. Having estimated value of *50,0o0.0oo over all
liabilities of the company" (compare official statement V. 72, p. 1281: V. 80, p.
.
.
23*)4.)
Stock inoreased June, 1901, from $75,000,000 to $155,000,000, to
purchase Boston & Montana and Butte <fe Boston; V. 72, p. 1082; balance unissued reserved to acquire remaining shares. Litigation with
F. A. Heinze is pending; V. 80, p. 1480, 2394; V. 77, p. 5 1 2, 1 295, 1875,
2340; V. 78, p. 585, 770. 822; V. 79, p. 214. As to United Metals
Selling Co., see V. 76, p. 332.
Bos. & Mont. 7s, $300,000, due $100,000
yearlr to 1907, and Butte & Bos. 6s, $1,500,000, due Apr.
1, 1917. V. 72, p. 1281. See V. 71, p. S45- See V. 72, p. 777.
Dividends ....< 1899. 1900. 1901. 1902. 1903-01.
1905.
Percent...}
2
8
7^
2^ 2i* (Q F)
See below.
In 1905, Fen., 1 p. c , ino). i« extra; May, l p. c: Aug., 1*4 p. c.
Official statement ot June 190 >, with balance sheet ot Apr. 29,
1905. showing properties owned, output, etc., was in V. 80 p. 2394.
Earnings of oonstit. oos. year ending June 1, 1905 (V. 80, p. 2459.)
Officers.— President, Henry H. Rogers; Sec. and Treas., A. H. Melin,
Directors: H.
Rogers, Wm. Rockefeller, Wm. G. Rockefeller (resigned), A. R. Flower, H.H. Rogers Jr., Robert Bacon, Jas. Stillman
and A. 0. Burrage. Office, 42 B'way, N. Y.— (V. 81, p. 266.)
Bonds —Only bonds are
Nov.
1,
H
American Agricultural Chemical Co.—Organization.—Incorporated in May, 1899, in Connecticut, under special charter, and
acquired control of fertilizer companies (including Listers' of Newark) named in V. 68, p. 974, and V. 72, p 672; V. 73, p. 664; V. 75, p.
241,292,440; V. 76, p. 867; V. 77, p. 399. See V. 71. p. 545. In
1905 sold $2,500.00 J 4^ p. 0. notes. V. 80, p. 653. They must be
retired before any mort. is made on property as owned March 1, 1905.
Dividends on pref. to Apr., 1905. 6 p. 0. yearly (A. & O.).
Report.— Report for year ending June 30, 1904, in V. 79, p. 784,
showed: Total net income, $2,148,925; improvements, betterments,
etc, $648,154; div. on pref., 6 per cent, $1,071,981 balance, $428,790.
Pres., John F. Gibbons, New York; Sec, Geo. L, Galbraith
Treas.,
Thomas A. Doe. New directors Sept., 1903, V. 77, p. 695. N. Y. office
26 Broadway.— (V. 77, p. 695; V. 79, p. 784; V. 80, p 653, 873.)
American Bank Note Co.— Founded 1795; incorporated in N. Y.
in 1858; re-incorporated in 1879.
Div8.— > 1892 to '94 '35 to '98. '99. '00. To June, 1905, inclusive.
Per $50 sh S $4 yearly $3 yearly $3 50 $3
Yearly— see below.
Payable [50c] 1 p. 0. each in M. & 8. and [$1] 2 p. o. each in J. & D.
Chairman, E. C. Converse, 78-86 Trinity PI., N. Y.— (V. 78, p. 289.)
American Beet Sugar Co.— Incorporated ou March 24,1899.
Dividends paid from Oct., 1899, to July, 1905, both inclusive,
6 p. 0. yearly (l ^% Q.-J.) See prospectus in V. 68, p. 280, 616 "Beet
;
;
;
American Can Co.—Organization. -Incorporated
in
New
Jer
sey on Mar. 19, 1901, as a consolidation of about 100 concerns. See
V. 72, p. 582, In 1903 operated 31 can factories, one or two machine
shops and two detinning plants V. 76, p. 969.
Stock outstanding. $41,233,300 each oommon and pref. Div. oil
pref., 2ia% Sept. 1903: 1904.5% (A <feO); 1905 to July, 33»% (Q.-J.)
Report for year ending March 31,
Fiscal year now ends Dec 31
1905. in V. 80, p 1726, showed net, $2,896,917; dlv. on pref. (5 p. ©.),
$2,061,665; bal. sur. $835,25 t.
Chairman of Board, D. G. Reid; President, W. T. Graham; Treas.,
Ismon. 11 B'way. Directors,
F.S.Wheeler; Sec& Asst.Treas., R.
Apr., 1904, V. 74, p. 885. V. 78. p. 1551. -(V. 80, p. 1 T26. 1 730.)
H
American Car
& Foundry .—Organization,
Etc.—Incorporated
in New Jersey on Feb. 20, 1899, as a consolidation. Manufactures
freight ant passenger oars of wood and steel.
V. 68, p. 280, 377,
1029; V. 71, p. 86, S4S; V. 73, p. 958.
1901-1902. 1903.
1904.
None
2 yearly
4% Feb., is; May, ** since
p. c quar. to May, 1935, inclusive; in July 1 1-6 p. c
for 2 moa owiDg to change of dividend periods. V 80, p. 2221.
Repoit for year ending April 30, 190 >, was in V. 81, p. 29, showing net earnings $2,628,118; dividends on pref stock (7 p. c), $2,100,000; surplus, $528 118.
Officers.—Pres., Fred'k
Eaton; Chair, of Exec Com., W. K. Bixby;
Sec, D. A. Bixby, St. Louis, Mo. Directors, V.
Treas., k 8. De Lano
72, p. 1239; V. 74, p. 1357. N. Y., 25 Broad St.— (V. 81, p. 29.)
American Cement Co.— See page 459.
American Cbicle Co.— Organization.— Inoorp. inN. J. on June
2, 1899, and consolidated the leading chewing gum interests. V.68,
p. 871, 1130; V.77, p. 197. SeeV. 71, VJ4S- Div.: On pref., Oct., '99. to
July, 1905, lifi p. c qu. (6 p. 0. per an.). Common li« p. 0. Oct., 1899;
1900, 9 p. c; 1901, 8 p.c; 1902, Jan., 2 p. c; Apr., 1902, to Aug., 1905-,
bothinol., 1 p.c. monthly. Profits for fiscal year ending June 30,
1905, after paying dividends ($900,000), were $326,000: total accumulated eurplus was about $1,31^000 Pres, W.J. White, Oleve
Office. Royal Bldg., Fulton and
land; Sec and Treas., H. Rowley
William streets, N. Y.— (V.79, p. 271; V. 81, p. 266.)
American Coal—See p 49.
American Cigar Co.—Controlled by American Tobaoco Co., which
owns entire $9,975,000 stock and guarantees the 4 per cent gold notes;
see V. 74, p. 1113; V. 78 p. 1393. Properties owned, including Havana
American Co. V. 72, p. 185, 284, 937, 1037; V. 73, p. 958; V. 75, p.
1255. Report for calendar year 1904, V. 80, p. 1 055, showed: net earnings over expenses and oharges, $810,371. (V. 80, p. 105 5, 1060.)
Am. Cotton Co.—July, 1904, Sec; V. 80, p. 118, 1364, 1973.
American Cotton Oil.—Incorp. Oct. 14, 1889, inN. J., to suoced
Amer. Cotton Oil Trust. Has works in southern cities, etc., for making
crude and refined cotton oil. lard, soap, fertilizers, etc V. 77, p. 1872.
Dividends.— 1898.
1899.
1900.
1901.
1902.
1903. 1904,
313
x4 Dec, 1
Common, p. 0... ) 3
4
x6
2
Preferred, p. c. ] 6 per cent yearly to date. (Pool expired Nov. 1, '04.)
x Includes 2 p. 0. paid in the following June.
Report.— Report for 1903-04 at length in V.79, p. 2145, 2155, showed
profits $979,835, after meeting expenses of administra., interest, &cl,
int. on deb. bonds, $135,000; balance, net income, $844,835; dtvi
dendsonpref. (6 p.c), $011,916; div. on common (1 p. c), $202,371,
bal., surplus for year, $30,548, against $103,681 in 1902-3. Profits:
year 1901-02, $2,373,206; 'O2-'03. $1,665,081; '03-04, $979,835.
Officers— President, George A. Morrison; Vice-President, Robert
F. Munro; Sec. and Treas., Justus E. Ralph. 27-29 Beaver St., N. Y.
Transfer agts., Winslow, Lanier & Co.—V.80 p 118, 24S9; V. 81, p. 32.)
Dividends on com-
mon
On pref.. 1%
>
1900.
jlp,
o,
H
;
—
District Telegrapb Co. of New Jersey.— OrganNew Jersey in Nov., 1901; operates in most
of the large cities and towns in the U 8. except New York City. Has
25-year oontraot witlh the Western Union Telegraph Co. for collection
and delivery of messages and is also engaged in all kinds of electrical
protective service. V. 77, p. 148; V. 81, p. 213. Dividends in 1903,
Apr., July, andOot., 1*4 p. ceach; since to July, 190 >, 4 p. c. yearly
(Q-J.) SeeV. 78, p. 704.
Report for yea" ending Dec. 31, 1904, in V.80, p. 648, showed: Gross,
earnings, $2,389,971; net, $698,794; dividends (4 p c). $389,959;
bal., surp., $308,835. Pres., Robert C. dowry; Sec, ©. R. Johnston;
Treas M. T. Wilbur.— (V. 78, p. 704; V. 80, p. 648; V. 81, p 213.)
American District Telegrapb Co. of New York.— Annual
report for year ending Dec. 31, 1904, was in V. 80, p. 1173, showing
American
ization.— Incorporated in
,
gross, $561,062; net, $77,363; div. (2 p.c), $76,888; sur., $475.
'05.
DrviD'S. ) '93. '94. '95. '96. '97. '98. '99. 1900. '01. '02. '03.'04.
3ij
2
2 May, 1
P.O.
3
1
2 2 214
1
2H 2ifl 2
I
Office, 6 Dey St., N. Y. City. Directors and officers, Apr., 1902, V74, p. 207,885.-(V.78, p. 344, 1221; V. 80, p. 474, 1173.)
—
.
INDUSTRIAL STOCKS AND BONDS.
440
MISCELLANEOUS.
For explanation of column headings,
first page of tables.
Date
&o., see notes
American Express—Stock
Amer. Hide <£ Leather—Common
on
stock, $17,500,000
Pref. stock, 7% cum., $17,500,000
(See
76, p. 104)
1st M., $10,000,000, g., s. f., subj. to call at 115.Col.C
Amer. lee Securities—Stock, all of one class, $20,000,000
Debentures, $3,000,000, red. at par
America 'i Ice Co. collat. trust bonds, gold.Ce
Amer. Linseed—Pf. stock, 7 p. c, non-cum., #16,750,000.
American Locomotive uommon stock, $25,000,000
Pref. stock, 7%, cum., $25,000,000. (Bonds, see text)
Amer. MalVg— 1st M., $5,000,000, g., s. f., sub. call 105.C*
V
Size, or
of
Par
Bonds Value.
1899
1905
1902
100
100
100
—
1899
1,000
50
Amer. Pneumatie Serv.—Prel., 6%, non-cum., $5,000,000
NewM., $5,000,000, g., s f. (underlying bds ,text) IB. 1903
1897
s. f b'ds.c .11 at 102. I is
Lamson Con. Store Service Co.
100
American Radiator—Com. stock, *5.000,000
100
Pref. stock, 7 p. c, cum., $5,000,000
American Sewer Pipe— 1st M., $2,500,000, s.f., call 105.K 1900 500 <&C.
100
American Shipbuilding—Stock, common, $15,000,000
100
Preferred, 7 percent, non-cum., $15,000,000
100
Amer. Smelt. Secur.—Prel. "A" 6%, cum $17,000,000,..
100
Preferred "P." 5%, cum., guar., $30,000,000
.
,
American Express.—An " Association " formed under the laws
New York State in 1859 and 1868. Not an incorporated company.
Operated in tJuly, 1905. on about 43,000 miles of railroad in the
United States including Boston & Maine, nearly all the Vanderbilt
lines, Illinois Cent., etc. Leases for 6 years from July 15, 1904, the
trolley express business in New York and Westchester of Metropolitan
Express Co. V 79, p. 153. Dividends. 6% per an sincel882; from July,
of
,
1901, to July, 1905, 1 p. c. extra was paid semi-annually from investments. V. 73, p. 1063. President, J. C. Fargo; Treas., James F. Fargo,
65 Broadway.— (V. 77, p. 2036; V. 79, p. 158.)
American Grass Twine Co.— See page 459.
Leather Co.— Organization.— Organized
American Bide
In New Jersey in 1899. V. 69, p. 493. In Jan., 1901, said to control
about 75 per oent of the upper leather output of the country, including
oompanies mentioned in V. 68. p. 925 except Webster & Co. and R.
Suhm L. Co. See V. 70, p. 77. and application to Hat V. 72, p. 673
Dividends.— On pref., 1 p. o. Feb. 15, 1905; May 15, 1 p. c; Aug. 15,
1 p. o. Overdue dividends on pref. to May, 1905, about 36 p.c.
Bonds, Etc.— Sinking fund of $172,500 retires bonds Sept. 1 yearly,
If purchasable at 115 or less, or if not will be invested in other securities. J. & W. Selignian & Co. financed the consolidation. Status
Sept, 1903, V. 77, p. 771. Report for year ending June 30, 1904, in
V. 79, p. 967, showing earnings, including those of subsidiary companies, $1,204,601; int. on bonds, $511,500; renewals, repairs, sinking
funds, etc., $401,829; bal., sur., $291,272. Pres., Thomas W. Hall;
Directors. June, 1904, V. 71, p. 493; V. 73. p. 495; V. 77, p. 771; V. 79,
p. 105. Office, 96 Cliff St., N. Y.— ( V. 79, p 967; V. 80, p. 474.)
&
American Ice Securities Co.—Organization.— Incorporated in
N.J. on March 29, 1905. and acquired $22,574,300 of the $2 1,871.100
com. and $14,063,700 of the $14,920,200 pref. stock of the Amer. Ice
Co., per plan V. 80, p. 601. The latter company owned most of the
$10,000,000 stock of the Consol. Ice Co. of N. Y. (see V. 65, p. 461) and
the $10,000,000 stock of the Knickerb. Ice Co. of Maine. Transacts
a wholesale and retail business in New York City; Philadelphia, Pa.;
Boston, Mass.; Baltimore, Md.; Washington, D. C; Camden, Cape May
and Atlantic City, N. J. See V. 81, p. 29; V. 77, p. 2337.
TERMS OF EXCHANGE OF AMERICAN ICE CO. 8TOCK.
$100 principal of
Common
— TFi/f
.
—
Stork.
existing
stock ($23,871,100)
.
..
receive^ or '-Optionally.—*
Stock.
Bonds.
uash.
$20
$20
Pref. stock ($14,920,200) carrying
16^
accumulated dividends $100
$11-55
$100
$16»a
will be continued as above until Sept. 1, 1905, common
paying penalty of 50 cents per share.
Bonds.- Of the Am. Ice Securities deb. 6s, $344,490 remained on
hand in ,'une, 1!»0*>, to take up the outstanding Amur. Ioe Co. stook.
Of the 5 per cent collateral trust 5s of 1902 of the Ioe Company, $1,970,000 are outstanding, and $2,060,000 are issuable to retire * 1,560.006 underlying bonds and real estate mortgages [of whloh $391,950
wereowned by the company].; $5*3,000 canceled and $387,000 In
treasury of Am Ioe Co total authorized, $5,000,000.
BOND8 OF SUB-COMPANIES HELD BY POBLIC (V. 81, p. 29).
p. o.
Exchanges
Knickerbocker Ice Co .due Feb. 1, D-0\ $ 41.0 >0; Consumers' tee Co., due
May 1, 19U, *33,0.r)0; Maryland Ice Co., Baltimore, due March I, 1910, *6o,<)00;
Hygienic Ice Co., Watbm.ton, due Jan. l. 19 0. $(50,000; Independent Ice Co.,
Boston (V.7*. p. 1988). 6 p. c,
(MAN). $3A5.O0u
Rkport of American Ice Co.— V. 79, p 2745. Application to list
new securities (V. 81, p. 29) showed:
Old Amer. Ice ^o.—
1904.
1903.
1902.
IW
Gross earning,
Result of operations.
$6,942,313
36,785,0*8
+6,411,253
sur. 3<!4,258
def. 8,429
def. 346 362
Compare V. 77, p. 2337; V. 78, p. 585.
Directors. Etc. (Old Co.)-Wesiey M Oler (Pres.); Guy B. Johnson (VicePreu.and Treai.); Edward T. Bedford, Charles T. Barney, John A. Slelcher,
J»bn Greenough. Charles I. Hudson. John R. Bennett, (Secretary), William G.
Crenshaw Jr. K.M.Thompson and Miles M. O'Brien. Offlc«, Rroadwuy and
28th St., New York.— V. bO. p. 1176, 1217, 1780, 2459; V. el, p.^9, 32.)
(
American Iron & Steel ITIfgj.—See p. 459.
American Light & Traction.— See page 459.
American LiiiMccd Co.— See page 459.
American Locomotive Co.— Organization.— incorporated
In
K. Y. on June 10, 1901, as a consolidation of the various oouipanl«s.
(See list, V. 73, p. 80). V. 72, p. 1189; V. 73, p. 84, 186,724. In Mar.,
1904, the entire capital stook of the Locomotive & Machine Co. of
Montreal was acquired (V. 78, p. 1111, 1393, 1448), and in Jan., 1905,
of the Rogers Locomotive Works. V.80, p. 474. Cooperates with Gen.
Electrlo Co. In oonstruotion of electric locomotives* see V. 79, p. 1022.
In June, 1905, was about to manufacture automobiles. V. 80, p 2459
Dividend, Etc— Dividend on pref., l*t p. c, quarterly, Oot., 1901.
to July, 1905, both inoluslve. Bonded debt of constituent oompanies:
Dickion Mfg. Co. 1st 5s. «5«8.500 (assumed), maturing Nov. 1, 1927; Kicbmond
Locomotive $750,000 gold consol. 6s, due Apr.l, 1929 (assutned)of which $118,000
owned by Amer. lx>o. Co.; International Air Power (It node Island Loc. W'ks)
1st 4s $i03. 00 not as8umed),due Feb. 1, i9I9, but subject tocall at any time;
t* ensure the eventual retirement of the last-named $450,000 each of common
and pref. Amer. Loc. stock are held Intrust. Looomotlve A Machine Co of
Montreal 1st 20-year gold 4s, $500,000, dated Mar. I, 1904 tl.ooo each), guaran
teed principal and interest by Am. Loc. C«.. which owns remaining Jl.ooo.Ooo of
authorized Issue: Int. Mar and Sect, at Royal Trust Co. of Montreal, trusteeRogers L*com. Works, $430,000 first s. f. 5s. due May 14, 1W21.
Report.— Third report for year ending June 30, 1904, was in V. 79,
p. 1022, showing net earnings, $5,663,766; Interest and disoount,
$238,226 dividends on pref. stook (7 p. c), $1,750,000; extraordinary
improvement and betterment fund, $1,000,000; bal., sur., $2,675,540.
(
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and
Outstanding
Cent.
Payable
Whom.
Amount
f
$100 $18,000,000 8 in 1905 J.
100
11,274,100
100 12,548,300 See text Q,
1,000
7,837,000
6g. M.
100 18,579,100
1,000
|
|
[YOL. LXXXI.
2,655,000
1,970.000
16,750,000
25,000,000
24,100,000
3,500,000
4.337,500
600,000
392,500
4,893,000
3.000.000
1,533,000
7,600,000
7,900,000
17 000,000
30,000,000
A.
6
5 g. A.
7 in 1900 Q
7 in 1901
6g.
See
&
J. N.Y.,Co.'s Of.,
— F.
&
&
&
8.
Bonds— Prlnoipal.When Due.
by Stocks— Last
Dividend.
65 B'way July 1,
N. Y., Colonial Tr.
do
'05,
4%
Aug.15,'05,1%
Sept. 1,
do
O. N. Y., Knickerb. Tr. Co,
O. N. Y., Knickerb. Tr. Co.
—M.
1919
Apr.
Apr.
1925
1922
1,
1,
Sept. 15'00,1%
Checks mailed.
July 21 ,"'05, l\
D. N. Y.. Guaranty Tr. Co. Dec. 1. 1914
J
By check.
Jan. 20,'02, Ha
Q —J.
J.
text. J.
A
&
&
&
5 g.
O.
5 g F & A. Boston Inter. Trust Co,
See text Q, -M. Ott.,282-4Mich. Av.,Ch
7 in 1904 o- F. 15
do
do
6 g. M. & S. N. Y. KnicK. Tr. Co.
See text. Q -M.
7 in 1904 Q .-J.
Cleveland, Ohio.
Q — M.
New York.
1928
Oot. 1,
1932
J'ne 30,'05,1%
Mayl5,'05,l%
Moh. 1. 1920
Sept.1,'05,1%
Julyl5,'05,l%
July 1, '01,1%
Officers.— Pres., Albert J. Pitkin; 1st V. P., James E. Sague; 2d V.
P.. R. J. Gross; 3d V. P. & Sec, Leigh Best; Treas., O. B. Denny;
Comptroller, C. E.Patterson. Office, 111 Broadway, N.Y. Directors,
June, 1904, V. 72, p. 1240; V. 78, p. 2387.— (V. 80, p. 1730, 2459.)
American ITinltliis* Co,— A consolidation incorporated Sept. 27
1897, in N. J.— V. 65. p. 619; V. 70, p. 478. In March, 1905, former
directors paid $340,000 cash and $1,000,000 common stook in settlement of unearned dividends deolared by them. V. 80, p. 1060.
Readjostment Plan.—The plan (V. 81, p. 266) issued in July, 1905,
by the committee, John G. Jenkins. Chairman (Standard Trust Co. of
N. Y., depositary, provides for the reduction of the authorized stook to
$9,000,000 pref. and $6,000,000 ootn.,or the sale of the assets to a new
company havinu the same stook, which shall assume the outstanding
morte ige and other debts of he existing company. The new pref. is
liii'i _ dto 4 p. c. dividends for two years and to 6 p. c thereafter; is
1905. The old
j referred also as to assets, and oumula tve from Oot. 1
preferred will reoeivo 62 p. o in new pref. and the old common 44 p. o.
in new common stock, leaving in the treasury or unissued about $47,200 pref. and $104,000 common stook. If all the old stock does not
assent the committee may alter the basis of exchange, subject to the
right of depositing stockholders to withdraw if disapproving of change.
,
Stocks.—Authorized, $15,000,000 eaoh common and preferred;
Is-
common, $13,400,000; pref., 7 p. c, cum., $14,440,000; par, $100.
Dividends— On pref. 1898, to 1899, lnol., 7 p. c. per an.; none since.
Bonds. Oscar L. Gubelman and R. C. Newtonare trustees. V. 69,
p. 956. 1013, 1195. Of 1st 6s shown In table above $385,000 were on
sued,
Oot. 31, 1904, In treasury.
Report for year ending Aug. 31, 1904, V. 79, p. 2083, showed
Profits above interest and $81,495 for improvements, etc., $116,515.
Officers.— Pres't, Chas. A. Stadler; Sec'y, F. D. 8. Bethune
Treas., Louis L. Stanton. Directors, Nov., 1904, V. 79. p. 2149
N. Y.
office. 63d St. & E. R.— ( V. 80, p, 1060, 1480, 1915; V. 81, p, 266.)
American Sewer Pipe Co.—See page 4f>9.
American Pneumatic Service Co.— Organization.—Incorpor-
ated in June, 1899, under laws of Delaware— (V. 68, p. 1130, 1179.)
Is the owner of the whole, or nearly all, stock of the Lamson Consol.
Store-Service Co. (V. 68, p. 1073). the Intern. Pneum. Service Co., etc.
Government oontraots, V 81, p. 29, 32; V. 75, p. 734; Y. 79, p. 2088
Stock, common, authorized, $10,000,000; outstanding, $5,952,000
par, $50. Preferred, see table.
Dividends on pref. stook to Jan. 20, 1902, inoi.. 6 p o. per an.; slnoe
passed to lnorease working oapital. V. 74, p. 1309, 1357
Urmt u. Collateral Trust S F. js.—In June, 1905, $600 000 of the
new $5,000 000 5 p. o. bond issue was sold; $600,000 Is reserved to
retire the $60",00O (authorized issue) of Lamson bonds and the balanoe for acquisitions aud extensions at not over 75 p. o of cost, and
only for property leased at not less than 121$ p.o. of oost V. 81, p 32,
Report tor oal. year 1904, with balanoe sheet, was In V. 81, p. 29.
Net earnings, $276,824; Arthur 8. Temple. Treas., 115 Chaunoy Street.
Boston.-(V. 80, p. 2623; V. 81, p 29. 82.)
American Kadlator.— Incorp. in N. J. on Feb. 10, 1899. See V.
In May, 1905, took 5 years' lease of Brautford, Ont.,
68, p. 329.
plant, with option of purohase. V. 80, p. 2346. Stock, see table above.
Dividends on pref., May, 1899, to May, 1905, inclusive, 1% p. c. quarterly (Q-F 15). Dividends on common, 1 p. o. paid Deo. 31, 1904; in
1905, Harch 31, 1 p. o; June 30, 1 p. o. Report for year ending Jan.
31, 1905, with bal. sheet,V80, p. 1056, showed: Net profits, $703,930;
7 p. c. on pref., $210,000: div. on common (1 p o), $48,930; balanoe,
$445,000. Pres.. C. M. Woolley.— (V. 80, p. 2346.)
American Shipbuilding Co.— Organization. — Incorporated
New Jersey on March 16, 1899, to unite the shipbuilding and kin
in
died interests of the Great Lakes. V. 68, p. 770; V. 70, p. 896;
V. 71, p. 344,1014; V. 73, p. 390. Dlv. on pref., July, 1899, to July 15,
1905, inclu., 7 p. c. per an. (1\ Q-J.) On common, 4 p. o. for year,
paid quarterly Dec, 1902, Mar., June and Sept., 1903; a dividend of 4
p. o. is payable in quarterly instalments, the first Sept. 1, 1905. V.
81, p. 267. Report for year ending June 30, 1904, in V. 79, p. 1640,
showed: Net earnings, $1,028,175; div. on pref., $553,000; div. on common (I p. o.) $76,000; depreciation, maintenance, reserve, etc., $288,048; bal.. sur.. $111,127. Pres., James C. Wallace, Chic -.VioePres. and
Treas., R C. Wetmore; Sec, Ora J. Fish. Directors, V. 73, p. 390; V.
Office, Cleveland, O.— (V. 81, p. 267.)
77, p. 1466 V. 79, p. 1463.
;
American Smelters Securities Co.—Organization. -Incorp*
Mar. 31, 1905 In New Jersey, and acquired from Guggenheim ExplorCo. various mining properties and interests in Mexioo, Colorado and
Missouri and about $5 000,000 to complete certain purchases; later
bought other pi operties in Oalifom'ft. Washington, Utah, Missouri
and Mexioo and a majority of the Federal Mining & Smelting stook.
Co. controls, through ownership of a mi-jority
1 he Am. Smelt. & Ret
of the common stook. See below. V. hO, p. 873, 1237, 1730, 1915,1973,
2221.
Stock. Common stock authorized, $30,000,000. Preferred stook
"b" is guaranteed as to dividends by Amerloan Smelting <fc Refining
Co. and also as to principal in case of liquidation; principal is subject
to redemption at par at option of company June 1,1930, or any inSinking fund Is to be provided out of surplus
terest day thereafter
earnings. See V. 80, p 1730, 1973.
Prof stock "A" is preferred over "B" only as to dividends. The
present authorized issue. $17,000,000, may be increased by $5,500,000. Preferred stock will have no voting powar during first two years,
nor thereafter except while the dividends for one year remain unpaid.
The common, therefore carries control while pref. dividends are paid
Dividends —First div. on pref. A stook (for 2 inos.), 1 p. o paid
Julyl, 1905. V 81, p 156.
,
l
.
.
July.
J
INDUSTRIAL STOCKS AND BONDS.
905. J
MISCELLANEOUS.
Date
Size, or
Amount
of
Par
For explanation of oolumn headings, &o., see notes on
Bonds Value. Outstanding
first page of tables.
<t Refining— Common stock, $50,000,000...
Pref stock, 7 per oent, cum. $50,000,000
American Snuff—Stock, common, $12,500,000
Preferred, 6 per cent, non-cum., $12,500,000
American 8<>da Fountain Common stock, $1,250,000...
1st pref., 6 per oent, cumulative, $1,250,000
2d pref., 8 i>er cent, cumulative, $1,250.000
Amer. Smelt.
.
,
—
Steel Foundries— Stock, common, $20,000,000.
Preferred stock, 6 per cent, cumulative $20,000,000....
American Steel Castings 1 st mortgage, gold
1897
Notes, redeemable
one year.
1905
New mortgage, $3,500,000. s. f
American Sugar Refining— Common stock, $45,000,000.
Pref. stock, 7 p.o. cum. (not pf as to ass't) $45,000,000
American Telegraph <£ Cable Stook, 5 per cent rental
American Telephone <6 Telegraph—Stock, $250,000,000
Collateral trust mortgage, gold.
(V. 70, p. 40). ..o* 1899
American
.
m
—
.
OB
O
,
.
OB
Collateral trust notes, gold.
Bell deb., g.,OB. V. 67, p. 72, 1355; V. 70, p. 40.o*
Amer. Thread—Pref. stock, $6,000,000 5 p.o., oum.,g.or &
1st mortgage, $6,000,000, gold or &..
G.C
Am.
1904
1898
1899
American Tobacco Co.—Com. stock ($100,000,000 auth.).
Pref. (also as to ass.), $80,000,000 6% oum. See text.
Gold bonds (not mortgage), $56,100,000 auth Iflo.c&r 1904
do
do
$78,689,100 autb. Mo. o*&r 1904
Bonds— PrlnoiINTEREST OB DIVIDENDS.
pal.When Due.
When Where payable, and by Stocks— Last
Rate per
Whom.
Payable
Cent.
N. Y., 71 Broadway.
$100 $50,000,000 5 In 1904 Q.-J.
do
100 50,000,000 7 in 1904 Q.-J.
do
100 11,001,700 10 in 04 Q.-J. N. Y., Morton Trust Co,
100 12,000,000 6 in 1904 Q.-J.
do
do
100
1,250,000 See text. Nov. 4
100
1,250,000 6 in 1904 Nov.
100
1,250,000 See text. See text
100 17,700,000
N. Y., 74 Broadway
100 17,700,000 See text. Q.-F.
M. A N.
do
do
471,000
1,000,000
See text.
100 45,000,000
100 45,000,000
100 14,000,000
100 131,551,400
1,000 53,000,000
l.OOO&o 20,000,000
1,000 10,000,000
5
4.890,475
500 <feo.
6,000,000
100 40,242,400
100 78,689,100
50 &o. 56,090,400
50 &o. 78,689,100
Officers —Chairman of Board, Daniel Guggenheim President, —
Vioe-Pres Barton Sewell; Treas., Murray Guggenheim; Sec,
Edward Brush. Dtreotors, V. 80, p. 1425.— (V. 81, p. 156.)
American Smelting 6c Refining Co —Organization, Etc—
Incorporated April 4, 1899, under laws of New Jersey, V. 68, p.
668. Owns and operates plants for the smelting of ores and the
treatment of lead bullion, copper bullion and copper matte In Utah,
Montana, Colorado, Kansas, Nebraska, Illinois, New Jersey, Mexico
and elsewhere. The principal merchantable products are bar gold and
sliver, pig lead, electrolytic copper and blue vitriol. Controls the
Kansas City Smelting & Refining Co., the Omaha & Grant Smelting
;
;
441
,
!*
Dividend.
JulylS.'OS.li*
July 1, '05, 1%
July 1, '05, 2%
July 1. '05.
Nov. 't6. 1%%
Nov. ,1904, 6%
Nov. 4,'96, 2%
m
Aug. 1,'04, 1%
Nov. 1. 1912
Feb. 1, 1903
July 3. '05,1%
F. & A
New York.
6
July3'0<, 1%
7 in 1904 Q.—J.
Cheoks mailed.
July 3. '05, 1\
do
do
7 in 1904 See text
Q.— M. N. Y., West. Union Tel. June, '05. 1*4%
5
713
July 15,'05,2J4
Q.—J.
4g. J. & J. N.Y.,Manh.Tr.,«fe Bost'n July 1, 1929
May 1, 1907
g M. & N.
i
J. & J. Bost., Nat. Bk. of Com. July 1, 1908
5 In 1905 J. & J. Guar Trust Co., N. Y. J*ne30,'05,2i«
4 g. or 8. J. & J.
do
do
Jan. 1, 1919
See text. See text N. Y., Morton Trust Co. June 1,*05, 2ia
July 1/05,1 ia
do
do
See text. Q.—J.
New York.
Oot. 1, 1944
6g. A. & O.
Aug. 1, 1951
do
4 g. F. & A.
-
Report.—No recentreport. Annual meeting in 1905, see V. 80,p.l65.
Balance Sheet—
Dec. 31, 1903.
Dec. 31, '02.
Dec. 31, '01.
Real estate and machinery. $35,180,057
Cash and debts receivable. 34,683,022
$34,669,191 $34,328,664
30,046.750
36,862,702
Investm'ts in other comp's.
51,986,127
39,111,883
45,270,776
Sugar, raw and refined
12,338,661
15.842,924
12,248,640
Total assets
$134,187,868 $125,829,641 $122,551,888
Capital stock
$90,000,000
$90,000,000 $88,280,370
Debts
31,922,032
24,958,321
24,364,027
Reserves
12,265,836
10,871.320
9,907.49 1
Total liabilities
$134,187,868 $125,829,641 $122,551,888
Directors.— H. O. Havemeyer, Chas. H. Senff, Arthur Donner, Lowell M. Palmer, John Mayer, W. B. Thomas, John E. Parsons; Treasurer,
Arthur Donner. Transfer office, 117 Wall St., N.Y.— (V. 80, p. 710.)
Co., etc. List of plants, rights of stock, etc., see V 68, p. 975; V. 68, p.
471,523; V. 70, p. 232, 281. V. 76. p. 974; V. 77, p. 2340; V.79,p.l041.
Contract with Federal Mining & Smelting Co., of whioh control is
owned through the American Smelters' Securities Co., V. 79, p. 2694.
Proposed extensions and improvements in 1905, V. 80, p. 1730.
American Telegraph 6c Cable.—Owns two cables between Nova
In Apr., 1901, the property of M. Guggenheim's Sons was acquired, Bootia and England. Leased until 1932 to Western Union— which
see.
the stock being increased from $27,400,000 each of common and preAmerican Telephone <fc Telegraph Co.—Organization.—
ferred to $50,000,000 each. The output of lead and silver, it Is stated,
Owns a large interest, generally a majority interest, In the capital
Is now about 85 per cent of the production in the U. S.
V. 71 , p. 1271;
stock of all the leading local companies operating under the Bell patV. 72. p. 138, 724; see circular in V. 72, p. 185. V.71, p. 1271.
In April, 1905, acquired control of American Smelters' Securities ents throughout the United States (except the Michigan State Telep
Co., which see above.
V. 80, p. 873. Friendly Interests are be- Co.); also owns the system of long-distance telephone lines by
which they are united. See series of telephone artioles, V. 69, p. 674
lieved to contemplate consolidating Nat.Lead Co. and United Lead Co.
Omaha & Grant Smelt. 1st 6s, due March 1, 1911, $561,000, retlr- 826. 1034. 1222; V. 70, p. 817. Capitalization licensee co.'s, see V. 73,
p. 446, 555, 724; V. 76, p. 596; V. 77, p. 2036; V. 79, p 735.
On May
able about $70,000 annually by sinking fund, are the only bonds.
31, 1905, 5,026,514 instruments in use,
Dividends on pref. to July, 1905, Inclusive, 7 p.c. per an. (1\ Q-J) 1904. Decision as to Berliner patent, V. against 4,084,843 on May 31,
72, p. 439; V. 73, p. 186; V. 76,
On common, in 1904, 5 p. 0; in 1905, to July, Inol.,
p 0. Q J.
p. 244. Pupin patents, V. 72, p. 677; V. 76, p. 332, 596; V. 77, p. 39.
Report.— Report for year ending April 30, 1904, at length in V. 79» Controls West. Telep. &Tel. Co., the successor to the Erie Tel. & Telep.
Co. V. 73, p. 1267; V. 74, p. 42, 271. Decision as to claim of Western
p. 1022, 1041, showed: Gross, $9,425,442; net, $7,814,319; dividend,
on pref (7 p. a). $3,500,000; dlv. on common (2ia P. 0.). $1,250,000; Union, see V. 77, p. 951, 2130; V. 78, p. 585, 1220; V. 79, p. 153.
bal., sur., $3,064,319.
Stock.—On June 3, 1901, the authorized stock was increased from
Directors
(Pres't and Chairman of Board), Daniel Guggen$100,000,000 to $150,000,000 and on Mar. 1, 1903, to $250,000,000. Of
heim (Cb man Kx. Com,), Isaac Guggenheim (Treas.), Solomon B. Guggenheim, the new stock, $2 1,943,200 was subscribed for by stockholders at par In
Morris Guggenheim, rtimon Guggenheim, H. L. Hlgglnson, Grant B. Schley,
1903. This increased the outstanding stock to $131,551,400, excludA. K. Meyer, D. H. Moflat, M. D. Thatcher. J. B. Grant, Guy C. Barton, Dennis
ing $27,110,100 held by American Bell Telephone Co. and virtually
Sheedy, N. Witherell, A, Bilers, H. L. Terrell, Barton Sewell, Vice- Prest.
unissued. V. 76, p. 1356; V. 77, p. 39, 771.
Edgar I Newhouse and Edward Brush, 71 Broaiway.— (V.80, p. 17S0, 1973.)
Dividends.— July, 1900, to Oct., 1904, inclusive, 7ifl per oent per
American Snuff Co.—lncorp. In N. J. on Mar. 12, 1900. For list
annum, viz.: July 16. 214; Oot. 15. li«; Jan. 15, 214; Apr. 15, Ha.
of properties merged, see V. 70, p. 533, 634 ; statement to N.Y. 8tock
Exchange, V. 72, p. 625, 672; V. 74, p. 428; V. 81 p. 267. Div. on
Bonds.—The collateral trust mortgage of 1899 provides for the Impref., Jan. 2, 1901. to July, 19C5, 6 p. 0. yearly. On com,, Jan., '03, to
mediate needs of the company and for future extensions as required
July, 1905, inol., 10 p. o. Am. Tobacco Co. is supposed to own control.
and ceoures equally the coll. trust bonds and the $10,000,000 Bell deReport.—Report for year ending Deo. 31, 1904 (In V. 80, p. 1055), bentures. List of collat.CHRONiCLE. July 29, 1905. On deposit of adshowed: Net earnings, $2,458,419; div. on pref. (6 p. a), $720,000; ditional collateral further bonds may be issued to an amount not exceeding 75 p.c. of the estimated value of collateral; and the issue at any
div. on common (10 p. c), $1,000,170; bal., sur., $638,249. Pres., Mar
time outstanding must notjexceed the amount of the company's capital
tin J. Condon; Sec. and Treas., E. D. Christian, 111 Fifth Ave.. N Y.—
stock then paid up. V. 69, p. 1195, 1249; V. 70, p. 40.
(V. 76, p. 540; V. 78, p. 986; V. 80, p. 105 5; V. 81, p. 213, 267.)
Of the collateral trust bonds $53,000,000 has been sold. V. 80, p. 999, 1113. The
American Soda Fountain.-Seepage 459.
$20,000,000 five p. c. gold notes of 1904 are seoured by deposit of $25,American Spirits Mfg.— See Distillers' Securities Corpor'n. 000.000 collateral trust bonds of 1899. V. 78, p. 1448.
Report— Report for 1904 in V.80, p. 1171, 1180, showed:
American Steel Foundries Co.—Organization.—IncorpoFear ending Dec. 31.
rated in New Jersey on June 26, 1902, and acquired:
1904.
1903.
1902.
$1 8,546,659 $1 6,545,632 $13,277,457
American Steel Casting Co. (See Supplement of April, 1902), Reliance Total gross earnings
Surplus over Interest charges.. ..11,275,702
Steel Castings Co. of Pittsburg, Pa., Leighton & Howard Steel Co. E. St. Louis,
10,564,665
7,835,272
Paid dividends (7ia p. o.)
111, Franklin steel Casting Co. of FrankliD, Pa., Sargent Co. of Chicago 111
9,799,117
8,619,151
6,584,404
American Steel Foundry Co. of Granite City, 111., and Amer Steel Bolster Co'
Pre8.,Fred.P.Fish.-(V. 80, p. 11T1, 1176, 1180, 1425, 1731, 1973;
also id Sept., 1904, t-0 p, c. of Commonweal' h Steel Co. stock and in Jan 1905
V 9-L) p. uO<)
entire stock of Simpiex R'way Appliance Co. V. 79, p. 1463; V. 80. p, «2t. 602.
American Thread Co.—Incorporated in N. J. March 10, 1898.
Stock— For status, rights of stock, etc., see V. 78, p. 2604 V
(V. 67, p. 1158.) Stock, $6,000,000 common ($3 50 per $5 share paid
77, p. 767; V. 75, p. 1300; Of the $40,000,000 stock (half pref.); the
$2,300,000 each of common and preferred are to be issued only In, understood to be entirely owned by the English Sewing Cotton
Co.); $6,000,000 five per cent cum. pref. (gold or *); issued $4,for cash or property of actual cash value at par. V. 74, p. 1141, 1357
Da Jan., 1905, $1,000,000 6 p. 0. one-three-year notes were sold; also 890, 475, par of shares, $5. Dividend on pref. July, 1899, to July,
IS05, inclusive, 5 p. 0. per annum (213 p. c. semi-an). First dlv. on
$2,200,000 or each class of stock.
cts. per share (or 10 per cent on amount paid In) paid out
DiviDEND8.-On pf., Dec. 1, 1902, to Deo.. 1903. 1^ p. o. quar. (Q.- common, 30of 1899-0;
of earnings
in 1900-01, 35 cts. (10 p. a); in 1901-2, none;
M.); 1904, May, 1** p.c.; Aug., 1 p. c; noDe since to July, 1905.
1n
< 2 3,
I 4 cts < 4 P-°-); in July, 1904, 56 cts. (16 p. c); in July,
i
Bonds.— In July, 1905. $3 500,001 6 p. c. sinking fund bonds, se- , ™\? i o" Cts. (8 p. C.)
1905, 28
oured by a first lien on the plants and stocks of subsidiary companies
Bonds.— See application to list In full, V. 70, p. 179; also V. 76, p. 267.
wei e authorized to take up the $1 000,000 notes outstanding and pro- In
1901 purohased control of Wool Exchange Co., owning building 260
vide for additions and workng capital. The stockholders will be ofWest B'way, subject to first mort. of $450,000. V. 73, p.289, 393, 446.
fered the rlghl to subscribe pro rata at 80, a syndicate to be formed to
Report. - Report for year ending Mar. 31, 1905, with balance sheet,
take any bonds not so subscribed for. V. 81 p. 267.
p 153 > 8a °wed: Gross profits, $1,167,291; depreciation,
Report.- For year ending July 31, 1904, in V. 79, p. 1460, showed: }£> v
Net income of constituent companies, $354,030; interest on bonds. $34o,808; bond interest, $236,450; dividend on pref. stock (5 p. c),
4
24
!? A£ Ldlv ; on oom 8tock < 8 P- °->. $336,000; bal.. sur. for year,
$23,550; dlv. on pref. stock (413 p. c), $697,500; bal., def., $367,020.
$4,509. Total surplus, $302,132. President. T. C. Waterhouse; Sec.
Officers.— President, Charles Miller; 1st Vlce-Pres , Geo, B Leigh- and Treas.. Theo. M. Ives, 260 W. Broadway, N. Y.— (V. 81, p. 1 53.)
ton; Treas. and Sec, F. E. Patterson. Directors, V. 78, p. 2606. V
(The) American Tobacco Co.—Organization.— Incorporated on
79, p. 272, 1463. Office, 42 B'dway, N. Y.-(V. 81, p. 267.)
Oct. 20, 1904, as an amalgamation, under the laws of
Jersey, per
American Sugar Refining.— Organized in N. J. In Jan., 1891, plan, V 79, p. 1024, of the American, the Consolidated New the Continand
er plan,
51, p. 609.
Stock, originally $50,000,000. was Increased
ental tobacco companies. V. 79, p. 1705. See application to list, V. 80,
2 to $75,000,000 (half pref.) to acquire the capital,
p. 168; statements of those companies in this Section for July, 1904.
*? ^i'J: 89.
The American Snuff Co. Is controlled, $10,000,000 of its stock bflng
?£°°5 9i, e four Phkadelphia refineries and a controlling interest in
the Baltimore refinery. Spreckels's refinery in California has been held
owned; also $7,000,0<i0 of the $10,000,000 stock of the American Cigar
under lease to the "Western Sugar Refining Co.." of which the "trust" Co., whose 4 p. 0. notes ($20,000,000 authorized) were
owns one-half the stock. Beet-sugar Interest acquired, V. 64. p. 841; principal and interest, by the American and Continentalguaranteed,
companies.
V. 77, p. 771; coffee plants, V. 63, p. 1157; V. 64 n 40: V 70 n
V. 73. p. 1113; V. 72, p. 531, 1037 V 78, p 1394. The Havana Co. Is
8
Y
1Ai
72 ' P- 1137.
B^t sugar refineries' P controlled V. 74, p. 1141. The Continental Co. acquired the *3 000,000
n
ft !' V.66, p. 132; VT68,p. 7o n
U. S.,
P. Lorillard Co. common and also $1,581,000 of its $2,000,000 pre280; V.69, p.1249; V. 76, p?867, 1194. Nat.
011
Co 8eft V. 70, p. 1096; V.71, p. 31). See V. 70. p
ferred stock. V. 70, p. 331, 1051; V. 71, p. 646. American Stogie Co.,
SSM^oP"}!
482,634, 998, 1051; V.71,p.l36; 237. 699. Independents.V 73,p. 23a see V. 77, p. 148; V. 80. p. 2400.
Da Sept., 1902, an agreement was made with the Imperial Tobacco
-1 1
1 cla89 of 8t00k was increased from $37,KrS?^?; ^*
500,000 to $45,000,000 ,] sale at par to shareholders. V. 73, p. 617. Co. of England by which the two interests are left undisturbed in
by
their own countries, respectively, the export business of both being
Drv.-P. 0. ) 1892. '93. 1894 to 1899. '00. '01. '02. '03. '04.
1905.
turned over to the British- American Tobacco Co., of whose $30,000,0l321 3
2°5 £L---(i c. y'rlyi2y'iy(3Q.-j.) 7% 7 7 7 7Tojui y ,5i4 000 stock the Consolidated owned $20,000,000 and the Imperial $10,,
Preferred .. ) 7p.
to date; nearly all Q.-J.V. 71, p. 1168.
000,000. V. 75, p. 735; V. 73, p. 618, 724, 1359; V. 76, p. 868. 921.
m
:
-
,
-£h
*
-
V
'
v^
:
;
\^'^l
^
-
,?^^
m
i!
:
INDUSTRIAL STOCKS AND BONDS.
442
MISCELLANEOUS.
Date
Size, or
Amount
Par
of
For explanation of column headings, &o., see notice on
Bonds Value. Outstanding
first page of tables.
1896
$100
100
100
100
100
1905
1,000
American Type Founders— Stock
Pref. stock, 7 tier cent, cumulative, $2,000,000. .
±>eo.,g., $1,000,000, s. f., $20,000 yrl.v., beg. Sep., 'OOMe
Atner. Waltham Watch Co.— Stock, $4.000,000
Am. Wind. Glass Hack.— Stock, $0,657,794 7% cum., pref.
Debent's. $5,000,000, g.. due $1,000,000 y rly, red. par
American Woolen— Pref. stock, 7 p. c, cum., $25,000,000
Amer. Writing Paper—Pref. stock, 7% cum., $12,500,000
IstM., s.f.,g.,$17,000,000, call. aft. July,'09,105-OB.o*
.
Associated Merchants— Common stock
1st pref., 5 p. c. cum., $10,000,000, convert, at par. .text
2d pref., 6 p. o. oum., see text
Barnty <& Smith Oor-Common st ck, $1,000,000
Preferred 8 percent, cumulative, $2,500,000
HO
1st mortgage, $1,000,« iOO, g., call
Bethlehem Steel Oorv.— Prf.stk.,7 p.e.non cu.. $15,CO0 000
..o*
Collateral trust M.., $3,000,000. g., sink, funl
Beth. Steel purch. mon. M. for Beth. Iron, g.CP.o'ir..
Beth. Iron, 1st niort.. assumed by Beth. Steel Co.FP.o*
N. Y. Ferry, 1st mort.o*&r
Brooklyn Ferry —Brooklyn
Mo
$4,000,000
2,000,000
900,000
4,000,000
19,115,558
5.C00.000
See text.
12,500,000
15,828,000
5,545,200
4,393,600
100
100
1899
1,000
"Too
1905
1,000
1901
1,000
1886
1.000
1886 500 &o.
&
A
e
1898
1,000
Consol. mortgage, $7,500,000.
100
Brooklyn Union das—Stock, $20,000,000
1895
1,000
1st con., $15,000,000, g.G (for underlying bds. see text)
1904 500 &o.
Debentures, convertible after March, 1907
K
stock, $1,310,900 preferred and $59,757,550 eoni
are reserved. The preferred stock has voting powtr only as the
statute expressly gives the power to vote. See V. 79, p. 1025; V. 8o,
Stock.— Of the
mon
p. 167.
Dividends.— Div.on pref., Jan. toJuly, 1905, both inol., Hup.c.quar.
on com., 2 Hi p. o., paid Mar.l, 1905; June,1905, 2* p.o.
Bonds — No mortgage on the property or specific oharge on earnings
shall be created except in express subordination to the rights of the
holders of both issues of bonds. The rights of the 6 per cents aie
prior to those of the 4s. A sinking fund of $500,000 is to be paid
annually to the trustee of the 6 p o bonds for their purohase in the
open market at not exceeding 120, the numey, in case they cannot be
obtained, to be returned to company. See V 78, p. 1956; V. 80, p. 167.
In Jan 190 -. $51.2 10,200 of the $56 000.400 6 p. c. bonds and $72,757,400 of the $78,689,000 4 p. o. bonds authorized had been listed,
with authority to list the balance as exchanged under plan.
Report.—Report for year ending Deo. 31, 1904, V. 80, p. 1055. The
position of the new company on the asis of the earnings in 1904
(V. 78, p 1107), exoluding duplication, is figured as follows:
Net earnings of constituent companies in 1904, after ex
pendlture of large sums for extension of business
$22,304,696
Deduct nquirements of new company—
Interest on $56,090,416 6 per cent bonds
$3,365,425
Interest on *.76,689,100 4 per oent bonds
3,147,564
Dividends on $78,689,100 6 per cent preferred stock
4,721,346
(Q-J.) First div.
,
i
Balance, surplus, applicable to
common
#11,070,361
stock
Officers.— President. James B. Duke; Vice-Presidents, John B.Cobb,
Caleb C. Dula, Charles E. Halliwell, William R. Harris and Perclval
8. Hi 1; Secretary, Wm. H. McAllister; Treasurer. John M. W. Hicks.
Directors. V. 79, p. 1024.— (V. 80, p. 1055, 1176, V. 81, p. 213, 267
American Type FounderaC o.— lncor'd inl892 under lawsof N.
J., V. 55, p. 625 and adv. In 1896 the capital stock was readjusted.
V.62,p. 682. Bills payable Auk. 31, '04, $650,000. New plant, V. 77, p.
)
1292; V. 79, p.1703.
Dividends on com.: Apr., 1898, to July, 1905, inol., 4 p.c. per an. In
addition In Jan., 1902, 6 p. o. sorlp and in Apr., 1903, 3 p. o. scrip was
paid. Div. on pref. paid July, 19o2, to July, 1905, incl., 1*4 p.c. quar.
annoal Report.— Report for year ending August 31, 1904, In
V. 79, p. 1703, snowed gross profits after deducting expenses,
$439,222: interest charges, $92,274; net, $346,948; div. on common
(4p.o.) $160,000; div.on pref., $111,434; bal., sur., $75,514. Pres..
R. W. Nelson, 300 Communipaw Ave., Jersey City.— (V. 80, p. 999.)
American Waltham Watch.- Incorporated
in
Massachusetts
"Waltham" watches; faotory situated at Wal
tham, Mass. Dally output of watch movements, 3,000. V. 76, p. 161.
in 1854; manufactures
Dividends.
Per cent.
1879-95. '96. '97. '98. 99. '00. '01 '02. '03. '04. 1905.
8 yearly. 6
6
6 25<i 3 10 10 10 12 10 J'ne.4
In 1904, June. 4 p. c ; Dec, 6 p. c, including 2 extra. Balanoe sheet
Mar. 31. 1905, V. 80, p. 2343.-(V. 79, p. 2458; V. 80, p. 2343.)
American
j>
S
Window
Ola** Machine Co.— Organization.—
Incorporated In New Jersey on Mar. 6, 1903 V. 76, p, 596, Owns
exclusive rights to oertain window-glass machine patents in the U. 8.
See V. 76. p. 596, 707. In Mar.. 1903, purchased nearly all of common
stock of Amer. Window Glass Co. and leased patent rights to latter on
royalty. V. 76, p, 707, 867; V. 77,p. 2282; V 79, p. 2644. Debentures,
$5,000,000. See table on a preceding page.
Stock.— 8tock authorized, common, $13,000,000; pref., 7 p. o. cum.,
7,000,000; par of shares, $100; of this, $6,449,000 common and
t500,000 pref. were issued to acquire patent rights and $6,500,000 of
each were available for purchase of $13,000,000 Am. Window Glass
common stock; outstanding Jan., 1905, pref., $6.o57,794; com., $12,557,794. The Window Glass company's $4,000,000 cumulative pref.
stock (in shares of $100) was to be protected in its right to dlvs. of 7%
Ser annum as paid Mar., 1900, to Mar., 1903, semi-annually; no divl
ends paid since to Apr., 1905. inolusive. V. 76, p. 707.
Presfdeut, W. K. McMullln, Sec. and Treas., A. E. Braun, Pittsburgh,
Pa.— (V. 77, p. 2282; V. 79, p. 2641; V. 80, p. 1915, 1974.)
American Woolen Co.— Organization.— Incorporated Mar. 29.
1899, under laws of New Jersey as a consolidation of the Washington
Mills, Lawrence, Mass.; National Providence Mills, Providenoe, R. I.,
etc. see V. 68, p. 472; see also p. 617; V. 69, p. 77; V 73, p. 446; V. 73,
V.71, p.j^. Li»t of properties, V. 78, p. 1118. Statement to
took
S.446; Exchange, V. 71, p. 1316.
Stock.— Authorized by stockholders, $25,000,000 pref. and $40,000,000 common. Outstanding, pref $20,000,000; common, $29,501,100.
Stockholders of record Aug. 1 are offered the right to subscribe to tie
$5,000,000 treasury pref at par, payable 50 p. c Aug. 1* and 50 p c
Sept. 1. 1905, to provide woi king capital. V. 81, p. 267. Divs on pref.,
July, 1899, to July, 1905, both inclusive, 7 p. c per annum (Q.-J. 15).
Earnings.— Report for year ending Dec 31, 1904, in V. 80, p. 1055,
showed: Net profits, $3,042,330; previous surplus, $6,554,596; dividends at 7 p. c per annum, $1,400,000; net surplus. $8,196,925. Pres.,
M Wood; Treasurer. W. H. Dwelly Jr.; Asst. Treas., B. F. Smith;
Sec, Jos. T. Shaw. Office, Ames Building, Boston. Mass. Directors,
Mar., 1904, V. 78, p. 1118 - (V. 80, p. 1055,2400; V 81. p. 267.)
American Writing Paper Co.— Organization.— Incorporated.
In New Jersey on June 25, 1899, as a consolidation of fine writing
paper mills. See prospectus, V. 69, p. 25, 128, 227; V. 80, p. 1172.
Com. stock, *1 1,500,000. of which $2,000,000 in treasury; par of shares,
$100; preferred stock and bonds as in table. See V. 70, p. 998. In
June t905, it was proposed to arrange a plan of settlement of aocrued
dividends on pref. stock. V. 80, p 2459.
O r the $17,000,000 bonds, $572,000 were in sinking fund June, 1905,
and $600,000 in the treasury uncanceled. V. 76, p. 540. Report for cal.
year 1904, with balance sheet, in V. 60, p. 1172, showing: Net In,
Wm
,
[Vol. lxxxi.
Bonds—i'rinoiINTEREST OR DIVIDENDS.
pal, When Due.
Rate Per When Where Payable, and by Stocks— Last
Cent.
Whom.
Payable
Dividend.
Checks mailed.
July 15,'05,1%
do
Q.-J.
do
Julyl5,'05,l*
6g. M. & N. N. Y., Merc Trust Co. May 1, 1926
10 in '04 J. & D, By company's check. June 1,'05,4%
4 in 1904
7 in 1904
Q.-.I.
6g.
Feb. 1, '08-12
Tr. Co. July 15/05,1%
Far.Dep.Nat. Bk., Pitts.
7 in 1904
5 g.
See text
See tex'.
5,0til,200 See text
1,000,000
2,500,000 8 in 1904
1,000 000
6 g.
1 5,000,000
3ee text.
6" g.
3,000,000
7,600,000
6g.
1,351,000
5
1,000,000
6
6.500,000
5 g.
15,000,000 See text
14,706,000
5 g3,000,000
6
100
100
100
100
100
4
N. Y.,
Guaranty
Boston, Old Col. Tr. Co. July 1, 1919
Hud. Tr., Hoboken,N. J. June 1,'05, 2%
do
do
July 15'05,1« 16
do
do
Q.-M.
Julyl5'05,19 16
June
l.*05.
2%
& J N. Y. Guaranty Tr. Co. July 1. 1942
Q.-F.
Aug. 'OL, 1,184
New York.
J. & J
Jan. 1, 1915
Q.— F.
Aug. 1, 1998
Phila. Fidelity Trust.
F. & A
Feb., 1907
J. & J B'klyn, First Nat. Bank
Jan. 1, 1911
F. & A N. Y., H.B. Hollins &, Co. Aug. 1, 1948
Q-M. By check from Co.'s off. June 1, '05, 2%
M. & N N. Y., Chase Nat. Bank. May 1, 1945
M. & S. N. Y., Nat'l City Bank Mar. 1, 1909
J.
,
int. on bonds, construction, depreciation, eto.,$l,184,547; charges to real estate, etc., $482,605; bal., sur., $106,776.
Officers.— President, W. N. Caldwell; Treas'r, George B. Holbrook
Secretary. E. H. Hall, Holyoke, Mass. New directors Mav. 1904, V.
78, p. 1963. -(V. 78, p. 818,1221,1963; V. 80, p. 873, 1172.2459.
Anaconda Copper Mining.— (V. 78, p. 2013; V. 79, p. 153.)
come, $1,773,928:
Asaoclated Merchants' Co.— Organization.— Incorporated in
Apr., 1901, in Connecticut, under special charter, and acquired
$4,500,100 of the $9,000,000 stock of the H. B. Claflin Co.; 12,000 of the 18,000 shares of preferred and 6.000 of the 18,000 shares
of common stock of the Adams Dry Goods Co. and the business of
James McCreery & Co. of 23d St. In Dec, 1901, purchased the business of Posner Bros, of Baltimore (now Stewart and Co ) and in 1903,
2,000 shares ($200,000) of the $250,000 common stock of C. G. Gunther's
Sons. V. 77, p. 449. V. 73, p 1358. The business of H. O'Neill <& Co.
of New York and J N. Adam Co. of Buffalo, purchased by President
Claflin, will probably be taken over later. V. 76, p. 540; V. 80,
The 1st preferred is exchangeable at par. at holder's
p. 1730.
option, into either com. or 2d pref. stock. In Oct., 1904, the rights
to dividends were amended so that the 1st and 2d pref. are entitled to
receive ** p. c. extra above 5 and 6 p. c, respectively, for each 1 p.
the oom. shall receive over 7 p.c V. 79, p. 1706; V. 80, p. 118, 1915.
Dividends— On preferred stocks, 5 p. c. on 1st pref. and 6 p. c on
2d pref. to Oct., 1904 (Q-J.); since to July, 1905, 1H p.c. on l*t
pref. ann ig p. o. extra, and on 2d pref. 1^ p. 0. and *e p. 0. extra. V.
80, p. 118. On com., Dec, 1902, to June, 1905. incl., 1% p. 0. quarterly,
and from Deo ,1904, to June, 1905, M p. c. each extra. V. 79, p. 2458.
Report.— Report for year ending Feb. 1, 1905, with balance sheet,
was in V. 80, p. 1056. President, John Clatlin.-(V. 80, p. 1731, 1915.)
Smith Car.— Incorporated In 1892 in West Virginia.
Barney
In Mar., 190fS the Gress Lumber Co. at Milltown, Ga.,was acquired at
a consideration reported as $300,000. V. 80, p. 1237.
Pref. dividends resumed Dec, 1899, 2 p. 0. quar. to June, 1905, inol.
Report.— Report for year ending Mar. 31, 1905, V. 80, p. 2456
t\et.
Bad debts, etc. Interest. Pref. div. Bal., sur
Year.
1904-05
$180,332
$67,245
$60,000 $200,000 df$l 46.91
c
&
1903-04
—
(
V. 78, p.
60.000
633,553
2382;
V. 80, p. 1237,
200,000
373,553
2456, 2459.)
Bay State Gag Co.— See p. 459.
Bethlehem
Steel
Corporation.— Organization.— Incorporated
in New Jersey on Dec 10, 1804, as successor per plan V. 78. p. 587,
of the United States Shipbuilding Co , and acquired the entire stock of
the Bethlehem Steel Co. (see Sop., Oct., 1002, and V. 78, p. 227,) and
the entire capital stocks of the following shipbuilding ooncerns, the
latter free from all liens:
Union Iron Works, San Francisco; Crescent. Shipyard and the Samuel L.
Moore* Sons Co., Ellzabechport, N. J.; Eastern Shipbuilding Co., New London,
Conn.; Harlan <& Iiolliugsworth Co.. Wilmington, Del.; Canda Mfg. Co., Carteret, N. J.
Stock.— Authorized $15,000,000 eaoh of common and 7 p c nonoum. pref.; par of shares, $100. Preferred is pref erred also as to assets.
Dividends.— First div., 1"H p. 0. (quarterly) paid Aug. 1, 1905.
Bonds— Are seoured by pledge of all the capital stock of the Bethle.
hem Steel Co. (subjeot to $8,851,000 mort. of the Bethlehem Iron and
Bethlehem Steel companies) and of the subsidiary shipbuilding companies; sinking fund, $200,000 per annum. Bonds are subjeot to call
The fixed charge* aside
as a whole or for sinking fund at 105.
from taxes are: Interest on underlying bonds of Beth. Iron and Beth.
Steel, $517,550; interest and sinking fund on new bonds, $380,000;
total oharges, $897,550.
Report.— Receiver's report old oompany in V. 77, p. 1744, showing
status of constituent companies on July 31, 1903, and earnings for year
ending Aug. 1, lii03. Earnings of Bethlehem Steel Co., V. 78, p. 227.
Officers.— President, Charles M. Bohwab; Vice- Pres., Edward M,
Mcllvain; Treas.. Henry S. Snyder; Asst. Treas., John A. MoGregor;
Compl roller, B. H. Jones. Office, 100 Broadway, N. Y.
Directors.— C. M. Schwab (Chairman), George R. S&eldon, Thomas F,
Ryan, John K.'Horne, Pliny Bisk, Edward Mcllvain. Archibald Johnston. C. WWetmore and Oliver Wren. (V. 80, p. 165, 22«, 474, 1114; V. si. p. 207.1
Borden'* Condensed Milk Co.— See page 4=>9.
Brooklyn Ferry.— Organization.—Owns ferries from
Roosevelt
Grand St., 23d St. and 42d8t., New York, to Broadway, Brooklyn,
and from Grand St., New York, to Grand St., Brooklyn; also leases
Tenth & Twenty-third St. Ferry for 99 years from Dec, 1898, at 5 p. 0.
on $550,000 bonds and 5 per oent on $1,000,000 stock. V. 67, p. 1206.
Mortgage
Statement to N. Y. Stook Exchange, V. 69, p. 1102.
oovers real estate in Brooklyn and N. Y. and 16 steel boats. Stook
8t.,
7,500,000. issued, $6,500,000; par, $100. Report for oal. year
1903, V. 78, p. 1277, showed: Gross, $1,420,495; net, $612,422; int. on
bonds, $385,000; rentals, $77,500; bal., sur., $149,922 —(V. 81, p. 267.)
Brooklyn Union «»a«.— Incorporated in New York State Sept. 9,
895, per plan V. 61, p. 831, and V. 62, p. 1141; V. 64, p. 887; V. 80, p.
auth.,
1
18*4
Stock, Etc. -Stock was authorized Deo. 30, 1903. to be increased
from $15,000,000 to $20,000,000 for extensions and improvements.
The debentures are convertible into stock at par after Mar. 1,1907.
V. 77, p. 2341; V. 78, p. 289.
Dividends.— 1896 to Dec, 1900, 6 p. 0. yearly; 1901 to Mar.. 1904t
8 p. 0. yearly; June, 1904, to Mar., 1905, 10 p. c yearly; Juno, '05, 2%Bonds.— Mortgage of 1895 is for $15,000,000 of bonds, subjeot to
Maturity.
Outstanding.
Interest.
Bowls.
Feb. 1, 1940
5%F.&A.
$261,000
Citizens" Gas, con. M.:
Jan. 1, 1920
33,000
Union Gas L. con.
5% J. & J.
M
:
INDUSTRIAL STOCKS AND BONDk
July, 1905.
j
MISCELLANEOUS.
Date
Size, or
Amount
9or explanation of column headings, <fcc, see notes on
of
Par
first page of tables.
Bonds Value. Outstanding
Buffalo
Buffalo
Gas— 1st
<fi
M., $5,900,000, red. at 115, goid.N...
1897
$1,000
1902
1,000
Susquehanna Iron— 8tock, $1,000,000
1st mortgage, *3,O0O,C00, gold. red. text. IV
o'&r
Bush, terminal Co.— Common stooh, $7,000,000
Pref., 5 percent, non-cum., $1,500,000
1st mortgage., $3,^00,000, convertible, text
Ko'
1st consol. mortgage, $10,000,000, red. aft. 10 years.o"
Cambria Iron— Stock (4 p. o. guaranteed)
Cambria Steel—Stock, $50,000,000
Celluloid Co.— Stock, $6,000,000 authorized
Central Foundry— Deben., $4,000,000, gold, red. 105....
Ventral Leather Co.— Common stock, $40.000,000
Pref., 7 per cent, cum $40,000,000 (also as to assets).
1st lien gold bonds, $45,000,000.
..
U. S Leather deb. g., s. f., 4 p. c, sub. to oall atllO.Ce
Central dk South American Telegraph—Stock $8,000,000..
'Chicago Edison— Stock $15,000,C00
1st mort., $6,000,000. g., red. par, beglnn'g July, 1910
Debentures, redeemable at par...
Chicago Junction Rys. <& Union Stock Yards— Com. stock
Preferred, 6 per cent cumulative, pref. also as to assets
100
100
1902
1905
50
50
100
lb99
i'oo
100
.
Collateral trust, gold, $ or *.Ce
c*
coll. trust ref. gold bonds, $14,000,000.S.e*<fcr
Mort. and
1,000
1,000
1905
1893
1,000
100
100
1896
1893
1,000
81, p. 33, 156.)
Brunswick Dock A Improvement
Co. —See page 459.
Buffalo Gas.— Organized in Oct., 1899, and consolidated the
Buffalo City Gas Co. and Buffalo Gas Light Co.
See listing, V. 77, p.
34. Stock common, $7,000,< 00; ;>ref., 6 p. o. non-oum., $2,000,000, of
which $1,713,000 outstanding; par $100.
Ootober 1 to Apr 30 1904, 7 months, net, $225,318. Report for year
ending Sept. 30, 1904, la V. 79. p 2585, showed net, $279,060; Int on
bonds, $290,250; bal., deficit, $11,190. A. C. Humphreys, 31 Nassau
St., Pres.— (V. 77, p. 34, 299, 2337; V. 79, 2585.)
Buffalo
& Susquehanna
Iron Company.— Organization.—
—Incorporated in New York May 14, 1902, and owns 50 acres on Buffalo
Harbor, South Buffalo. N. Y., on which has been built a plant with two
blast furnaces having a capacity of 600 to 700 tons of pig Iron daily.
This plant has been operated slrce Sept., 1904. Leases for 50 years ore
lands in Mesa>>a range. Lake Superior region, near Hibbing, Minn., and
in Menominee range at Iron Mountain, Mich., and coal lands at Tyler
and Sykesvllle, Pa., in the well-known Reynoldsville basin. Controlled
oy Wm. A Rogers or Rogers, Brown & Co., Hugh Kennedy of Pittsburgh and P. H. & C. W. Goodyear of the Buffalo & Susquehanna Ry.,
which is building extension to Buffalo. See that oo. under railroads;
also V. 74. p. 1040, 1092; V. 75, p. 795; V. 76, p. 596; V. 78, p. 770; V.
79, p. 1463, 2061, 2091-2. Stock, $1,000,000.
Bonds.—The $3,000,000 first mortgage gold 5s of 1902, (N. Y. Security
Trust Co., trustee), are due June 1 , 1932, but are subject to call
as an entire issue at 107 ki and interest on any interest day after Deo.
1, 1907; they are also redeemable at par for the sinking fund in the
order of their numbers, beginning at the lowest number at the rate of
$100,000 yearly from June 1,1907, to June 1, 1931, both Inclusive
President. Wm. A. Rogers.— (V. 78, p. 770; V. 79, p. 1463.)
Bush Terminal Company.— Organization, Etc. -Incorporated in New York on Feb. 14, 1902 (V. 74, p. 477). Owns extensive terminals on the water front. 41st to 51st streets. Brooklyn, covering oity blocks, piers, each H mile in length, a large number of
warehouses, railroad tracks, etc.; also real estate oovering 9 blocks
between 28th and 37th streets to be improved with factories and
other buildings. See statement in V. 76, p. 974, 1032; V. 77, p. 1227;
V. 79, p. 1956. In Nov., 1904 (V. 80, p. 1005,) Bush Co., Limited, was
&
merged.
Securities.— Stock authorized, $7,000,000 common (par of shares
$100 each), of which $3,500,000 is outstanding, the balance
being reserved tor the conversion of 1st 4s of 1902 at the option of
the holders, dollar for dollar, on or before January 1, 1910. Preferred stock, 5 p. o non-cum., $1,500,000. The first 4s are limited to
$3,500,000. See V. 76, p. 974. Only rear parts of property can be
sold and proceeds of sale up to $300,000 must be used to retire first
mortgage bonds. Beginning July 1, 1907, a sinking fund equal to 1 per
cent of outstanding 1st mortgage bonds must be applied to purchase
Of bonds at not exceeding par and int
Of the 50 year consol. 5s, $1,500,000 was issued in part payment for
the Bush Co., Lim., $4,459,000 is reserved to retire the 1st 4s of 1902,
a $300,000 mort. on the Bush Co. property and a $700,000 real estate
mortgage, the latter covering 9 blooks between 28th and 37th streets,
and $4,041,000 was applicable for general purposes, of which $1,000,000 has been sold. V. 79, p. 1956; V. 80, p. 999, 1005. 1177.
Report for year ending Jan. 31, 1905, In V. 80, p. 1006, showed:
Total net income for 11 mos ending Deo. 31, 1904, of properties consolidated, $362,933; int and taxes, *184,476; bal., $178,457; profit for
Jan., 1905 (estimated), $16,223; deduct int charge on ,$1,500,000
bonds paid for Bush Co., Lim.. $75,000; netsurplus for year, $119,680. Pres.. Irving T. Bush; Vice-Pres., C. J. Lawrence; Treas., R.
Gould Simonde; See., F. B. Studwell. Offioe.117 Pearl Street. N. Y.—
(V.80, p. 995,999,1005,1177.)
Butterick Co.—See page 459.
&
Calumet
Hecla Mining.— Stock, $2,500,000; par $25.
DlViDS, > 1897. 1898. 1899. 1900. 1901. 1902. 1903.'19P4.
1905.
Perot. $160
200 400 280 180 100 140 160ToJu*el00
Tn 1904 05 produced 47,822 tons of refined copper, against 38,308 in
1903-04. Report for year ending April 30, 1905, In Chron.. July 29.
—(V. 77, p. 2099; V 79, p. 498, 2459; V. 80, p. 873; V. 81, p. 267.)
Cambria Steel Co.— Incorp. In Penn. in Nov., 1898, per plan in V.
67, p. 688, leasing Cambria Iron Co. for 999 years at 4% on its $8,468,000 stock. tV. 68, v. 128.) V. 75. p. 443, V. 76, p. 862; V 78, p. 1166.
Iji June, 1901, a controlling interest was acquired bv the Pennsylvania RR. and affiliated roads. V. 72, p. 1282, 1190; V. 73, p. 84, 393.
Notes (5s), $45,000, due June, 1905, and $565,000 in 1906.
Dividends.— Since reorg. : 1902 to Aug , 1905, incl., 3 p. o. yearly.
Report for year ending Deo. 31, 1904, with balance sheer, was In
V.80, p. 1171, showing net, $1,925,543; other income, $289,353;
charges, $451,239: dividends (3 p. c.) $1,350,000; depredation, $350,000; bal., sur., $63,657
Dlreotors. V. 73, p. 339, 844.— (V. 76, p. 656,
862; V. 78, p. 1166 V.80, p. 1171.)
Celluloid Company.— Organization.— Incorporated Nov. 28,
1890, in N. J. Stock, $6,000,000; issued $5,925,000; par, $100.
Dividends.- >'96. '97. '98. '99. '00. '01. '02. '03. '04.
1905.
4i«6
Percent
4
f 413
8 ToJuly,6^2
Factories at Newark, N. J.; office, 30 to 36 Washington Place, N. Y.
President M. C. Lefferts; V.-Pres., L. E. Lefferts; 2d V.-P., D G. Maynard; Treas , F. R. Lefferts; Sec., J. R. Halsey.-(V. 75, p. 1304.)
77 88
8
'
g.
A.
J.
4 In 1901 A.
3 in 1905 F.
8 In
1904
6g.
O. N. Y., Standard Tr.
& O.
& J.
& O.
& A
6
g.
6 in 1904
When Due.
Stocks— Last
Dividend.
pal
by
Co
Oct.
1,
1947
& Robinson
Junel,"i932
Knick. Trust Co.
Ou. &Tr.Co.
Checks mailed,
do
do
Apr. 1, 1952
Jan. 1, 1955
Apr. 1. '05, 2%
N. Y., Fisk
N.
N.
uonas— miioi'
Y,
V., Tit.
Aug. 15,'05,78o
Q.-J. N. Y. Of., 30 Wash. PI. Aug. 1. '05, li*
ML & N. NY, Bar'g,Magoun&Co. May 1, 1919
5g. A. &
New York.
O.
Apr.
1,
1925
N. N. Y.,ParkBk.; Boston May 1, 1913
Q.-J. N. Y., Office, 66 B'way July 7, *05, lis
M.
&
Aug. 1,'05, 2%
July 1, 1926
Jan. 1. 1913
do
J. & J.
6
July 1, '05, 2%
8 in 1904 Q.-J. N.Y.,Offioe,25 Broad St
Julyl, '05, 1*«
do
do
J.
6 in 1904
5 g. J. & J. N.Y., Cent. Tr.; London July 1, 1915
4g. A. & O. N. Y., Standard Tr. Co Apr. 1, 1940
8 in 1904
5
1,483,0
er ding Deo. 31, 1904, in V. 80, p. 1853.
Gross. $6,534 611; net. $2,5 89 404; int. on bonds. $934 1 5;
dividends (9*2 p. o ), $1.42' 000; bal., sur.. $2?0,249. In 1903, gross,
$V992 516; net $2,289,^6. Pres.. James Jourdan; Treas., E. R.
Chapman.— (V.
i
5
6,500,000
100
6,500,000
1890
1,000 10,000,000
1900 l.OOO&o 4,000,000
:
&
Vg. J.&D.
"i'oo
Report. -Rerort for year
showed
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Payable
Cent.
Whom.
5g. A.
$5,805,000
1 000,000
3,000,000
3,500 000
1,500,000
3,459,000
2,750,000
8,468,000
45.000,000
5,925,000
3,863,000
37.39 7,600
28,080,700
28,080,000
5,280,000
7,725,600
11,838,640
5,t 00,000
443
g.
g.
Q.-F.
A.
& O
Merch. L.
do
& T. Co., Chlo,
Q—
Central Fireworks Co.— Organization.— Incorporated in New
Jersey June, 1896. Properties controlled, see V. 72, p. 341. Stock
authorized $1,750,000 eaoh of oommon and 7 p. 0. cum. preferred;
outstanding common, $1,406,800; preferred, $1,267,200. No bonds.
Dividends on common: 2 p o. yearly paid Aug., 1900, to Aug., 1903,
both inol (F. & A.); In 1904, Sept., >s p. 0.; in 1905, Mar., 1 p c; on
pref., 7 p o. yearly to Mar., 1905, (M <fc S.) Checks are mailed. President, William A. Turner; Sec and Treas., Geo. T. Egbert. Office, 9 and
11 Park Place, New York.— (V. 78, p. 1500.)
Central
Foundry.—Incorporated
in
New
Jersey on July 11,
1899, and acquired manufactories of soil pipe said to control 95 per
cent oi trade in the U. S.; V. 69, p. 178; V. 71, p. 1222. Stock,$7,000,of com. and 7 p. 0. cum. pref., of whioh $350,000 of eaoh is in
treasury; par of shares $100. Report for year ending June 30, 1904,
was in V. 79, p. 784, showing: Profits, $467,504; bond interest,
$231,780; equipment, etc, $17,239; depreciation, $218,435; balance,
none. Dlreotors Aug., 1904, V. 79, p. 905. President. Alfred Fowle Jr.;
Sec and Treas., W. L. Rogers.-(V. 77. p. 198, 247; V. 79, p. 784, 905.)
Central Leather Co.— Organization.— Incorporated in New
Jercey on April 12, 1905, as a reorganization, per pian V. 79, p. 2751,
of the United States Leather Co. [V. 56, p. 757; V. 57, p. 23; V. 71, p.
817; V. 81 p 213.] Output, sole leather. The old TJ. S. Leather preferred stock per $100 received in new securities $50 bonds, $50 preferred and $23 50 common stook. and the old common $30 in new oommon stook. In July, 1905. *60.000 000of tne $62 882,300 common
and $=> 6, 1 60 000 of the $62,282,300 U. S. Leather pref. stock had
been deposited.
Stock and Bonds— Stock auth., $40,000,000 each of common and
7 p. c. cum. pref.; par, $100. Of the securities, $13,858,850 bonds,
$8,958,850 pref.and $298,969 common stook aie reserved to retire the old debentures and for additional properties, working oapital,
etc. The new bonds will be seoured by a first mortgage on all the
assets and lands acquired and, pending their physical acquisition, by
the shares of the old co npany (over 90 p. c. acquired) and all the stock
*nd bonds of its subsidiaries, Including the $9,000,000 first mortgage
5 p. o. 15-year sinking fund gold bonds and $10,000,000 stook of
the Central Pennsylvania Lumber Co (authorized amount $20,000,000).
V. 76, p. 1196: V. 78, p 50.
Debentures have sinking fund 4 p. 0. of issue yearly, and are purchased or drawn at 110; $9,653,000 have been certified, but on Deo.
31, 1904, only $5,280,000 outstanding and $1,400,000 in the treasury;
of the latter about $400,000 retired by sinking fund and canceled Aug.
1, 1902. V. 74. p. 732.
See adv. in Chronicle of May 6, 1893, and
application in V. 57, p. 23.
Annual Report.— Fiscal year ends Deo. 31. Report of old company
for 1904
in V. 80, p. 870; V. 81, p. 208, showing
Year—
R'ciints. Admin. *xp. Taxes.etc,
AUint.
Prif.Ai*.
Bal., sur.
000 each
,
wu
1*01
1903
$4.9*8,862
4,830.83*
$416,558
394,095
$1-4,021
146 870
$tn7,0US
497.794
$1,733,933
3,73i93S
$107,308
68,137
Officers (Old Co.)— President, E. C. Hoyt, New York City.N. Y.
Seo'y, Josiah T. Tubby, Brooklyn, N. Y.; Treasurer, James R. Plum
N. Y. City. N. Y. Office. 26 Ferry Street— (V. 81, p. 157, 208, 213.)
Central & South American Telegraph.—Owns oableline from
Vera Cruz, Mexico, to Valparaiso, Cnili, 4,750 miles, and land lines
350 miles, etc. Also the Trans-Andine telegraph lines, 1,200 miles.
Connects at Vera Cruz with Mexican Telegraph Co., and owns an interest in cable between Galveston and Coatzaooalcos, 825 miles, etc.
Dividends, ) 1885. '86.
'88-'96.
'87.
'97.
1898 to July, 1905
Percent. S 4
4
6
7 y'rly
6%
6 yearly (Q.-J.).
In 1890 20 per cent In stook. Report for year ending Deo. 31, 1904,
was in V. 80, p. 1727, showing gross, $1,140,454; net, $727,032; div. (6 p. c), $463,536; renewals, $67,922; bal., sur., $195,574.
Year 1903, gross, $1,072,134; net, $666,838; dividends, $463,536.
Office, 66 B'way.— (V. 80, p. 1237, 1727; V. 81, p. 33.)
Central Union Telephone Co.—See page 459.
Chesapeake Del. Canal.— See page 459.
Chesapeake
Ohio Canal—Sdpp. 1890; V. 81, p. 268.
Chicago Edison Co.— Organization.— Controls Edison patents
for electric lighting in Cook Co., 111., under perpetual lloense from
Ed. Eleo. Light Co. of N. Y. In Jan., 1893, the Chioago Aro Light Co.
was purchased. The Chicago Seotional Underground Co. Is leased, its
$227,000 4 p. 0. bonds being guaranteed, prin. and Int., and interest
on $33,000 5 p. c. See Commonwealth Eleotrio Co. below.
Dividend*.— Dividends paid from 1889 quarterly to Aug., 1905, Inclusive, 8 p. 0. per annum. (Q-F)
Report— Report for year ending Mar. 31 was in V. 80, p. 1970.
Year.
Cross.
Net.
Interest.
Dividends Bal., sur.
1904-5
$4,051,082 $1,423 613 $360,232 (8)$789,262 $274,119
1903-4
3,837,659
1,322,619
295,005
307,088
(8)720,526
President, S amuel Insull; S*c and Treas., William A. Fox. Office.
139 Adams St., Chioago.— (V. 79, p. 2459; V. 80, p. 1970.)
&
&
Chicago Junction Railways & Union Stock Yards.—Organization.—Incorporated in 1890 in New Jersey, and purchased 98
per cent of the stock of Union Stook Yards & Transit Co. of Chioago.
Thus controls over 450 aores of land (with one mile of water front),
containing warehouses, sheds and pens to acoommodate 75,000
cattle, 300,000 hogs, etc See Chioago Junction Ry., in "Railroads."
Dividends.— On pref., 6 p. 0. yearly (Q.— J.). On common 1891, 10;
1892 to July, 1905, inol., 8 p. 0. yearly (Q-J). V. 70, p. 328.
Bonds.—The collateral trust bonds are seoured t>y pledge of over
120.000 shares of the stock of Union Stook Yard Transit Co. Of the
$14,000,000 4 per cent bonds, $10,000,000 are reserved to take up
the collateral trust 5s.
See V. 70,
p.
1251; V. 72,
p.
389.
1
j
)
INDUSTRIAL STOCKS AND BONDS.
444
M I8CELLANEOU8.
For explanation
of
column headings,
page of tables.
Date
&o., see notes on
first
Chicago Pneumatic Tool Co.— Stock, $7,500,000
Claflin (H. B.) Company Common stock
1st pref. 5 per cent.^oW, cum
< pref. as to princi2d pref. 6 per cent, cumulative.. \ pal and dividends. £
Colorado Fuel <k Iron— Conv. deben., red. at 105. IC.c'&r
Colorado Fuel Co's gen. mort., gold, s.f., red.HO.Ittp.o
Col.F. & I. gen. M. ($6,000,000) g.,s.fd., red. 105,Ce.o*<fer
Col. Indus. 1st M., g., ) conv. till Aug 1, 1906.N o*<fer
gu., p. & 1., call 105 s not convertible.
c*<fer
Size, or
Par
of
Bonds Value. Outstanding
$100
100
100
100
—
. .
1901
1889
1893
1904
1904
1,000
1,000
1,000
1,000
1,000
& Coke 1st M., g. ($125,000 guar.).Ce..c* 1889
o**r 1889
& Ir. Devel., 1st M., g.,red. 105. Ce
Rocky Mountain Coal & Iron, 1st mort gold, guar.K. 1901
1,000
1,000
.
Bonds of Properties (ontrolled.
Gr. Riv. Coal
Col. Coal
,
Ool.<6 Hock. Coal & Iron— IstM., g., (old 6s Int.red.H'e.o*
Commercial Cable— Stock auth. $25,000,000 (V.76, p. 215)
First M. (incl. deben. £ stock), $20,000,000. gold.F..o&r
Commonwealth. Electric— Stock, $10
0,000..
1st mortgage (Northern Trust Co., Chic, trustee)
Debentures redeemable, text
Real estate mortgages
Consolxdated Cotton DucJIe-Common stook $7 000 000..
Pref. (also as to assets) 6 per cent, cum., $6 000 000 ..
Mt. Vernon Woodberry 1st M., gold, $8,000,000 ... o"
Oonsol. Gas of Baltimore— Stock auth., $11,000,000
1st mortgage bonds
c
Consol. 1st M.,gold, $3,400,000. *» eBa
Generalmortgage, $15,000,000. gold
Report.— Report for 1904
.
o*
o*
1887
1,000
100
1897
$&£
100
1898
1902
" "
18O000
""
50
50
1899
1,000
100
1880 500 &o.
1888
1,000
1904
1.000
in V. 80, p. 869.
;
gan to manufacture electric tools. V. 79, p. 905; V. 80, p. 648.
In Feb 1905, control of the Chicago Storage Battery and Philadelphia Pneumatio Tool oompanies was acquired. V. 80, p. 714, 873, 11 14.
,
1902.
1903.
1904.
1905.
6
Apr., 1%. July, 1%
7H
*
Bonds. -$2,500,000 first 20-year gold 5s, ($1,000 each) due Deo. 31,
1921; outstanding, $2,240,000, $114,000 bavingjbeen redeemed by the
sinking fund; int. J. & J., at Nat. City Bank, N.Y. Central Realty Bond
A Trust Co. of N. Y trustee. They are subject to call at 105 from
Jan. 1, 1907. or beginning Jan. 1. 1903, they may be drawn by lot at
the same prloe for a yearly sinking fund of $50,000. V. 74, p. 208.
Earnings.— For 3 mos. end. June 30, 1905. gross, $205,488; net,
$175,923; int. and 8.. f $41,250; dlv. (1%), $61,138; bal.. sur.,$83,535.
Repop-T.— Report for year ending Deo. 31, 1904, with balance sheet,
was in V. 80. p 648 showing: Net profits, $470,579; Int. on bonds,
$115,000; sink, fund, $50,000; written off for depreciation, bad debts
etc., $16\255; bal snr., $140,324. Business, Apr., 1*05 V. 80,p.l48l.
Officers. Chairman of Board, Chas. M. Schwab; President, J. W.
Duntley; Vice-President, W. O. Duntley; Secretary; and Treasurer, 8
W. Prince. Executive Committee, J. W. Duntley, Chas. M. Sohwab, J.
R. McGlnley.
Direotors (Sept., 1903), V. 77, p 771: V 78, p. 50.
General office, Fisher Building, Chloago; N. Y. offloe, 95 Liberty St.—
V. 80, p. H38. 714, 873. 1114, 1237, 1481, 2623; V. 81, p. 33
Chicago Telephone Co.— iV. 79, p. 154; V. 80, p. 224, 710.)
Claflin (H. B.) Company.— Incorporated under the laws of New
Jersey in May, 1890, and deals in dry goods. Frontage 375 feet on
Worth St., N. Y. City. V. 71, p. 83. Associated Merohants' Co. owns
$4,500,100 of the $9,000,000 stock. See that 00. above. V. 72, p. 724
'93. *94to Apr.,'99. J'y.&O '99. '00 to '04.
Dividends.—
1905.
Com.,p.o
712
6(l»aQ.-J.)
2 each.
8 (y'rly) Inc.July.6
Repoet.—Report for half-year ending June 30. 1905, V. 81. p. 213
Net for dividends, $317,934, against $3 0,760 in 1904; Interest on 1st
and 2d pref., $142,125; dividend on common (4 p. c), $153,164; bai
anoe, sur.. $22,645. Reserve for 00m. stook Juce 30, 1905, $1,325,087.
Profits for calendar years before deducting any dividends: In 1904,
$631,697; In 1903, $619,s47; in 1902, $629,563;— (V. 81, p. 213.)
Colonial SuBargOo.-V, 77, p. 12*4, 1227. 1*39; V. 79, p. 502
Colorado Fuel A. Iron Co.— A Colorado corporation formed In
Ootober, 1892. In June, 1903, Rockefeller-Gould interests assumed
control. V. 76, p. 1410. Annual capacity of finished steel products
to be 550,000 cons. V. 73, p. 561; V. 75, p. 1149; V 79. p. 736.
Under the reorganization plan of 1903 (V. 77, p. S037, 2282, 2341;
V. 79, p. 736, 1267» The Colorado Industrial Co whose entire oapltal
stock is owned, created an issue of *4">,000,000 consolidated first
mortgage guaranteed bonds (see below, also full statement in
>
.
5
,
,
—
,
)
1
V. 80, p 1726.)
Stock.— Preferred Is $2,000,000 8 per cent cumulative (par $100);
common, authorized *44, 200,000, of which $14,068,000 is reserved to
retire, $ for $, on or before Aug. 1, 1906, the convert, debentures of
1901 and Col Ind. guar. "A" 5s
Bonds.—The Colorado Industrial guaranteed 5s ($45,000,000 authorized Issue) cover all ihe pr> perty of that company aDd are further
secured by deposit <>f $12,378,000 of the $14,064,000 debentures of
1901 and entire Issues of securities of subsidiary cos. named, viz
$4,500,000 bonds and $100,000 stock of Col
Wyo. Ry.; 8)3,000.000
Rocky
Coal & Iron stock and $331,000 stock and $160,000 notes
of Crystal Riv. Ry. The unissued bonds are applicable as follows:
Series "A" (limited to $14,068,000) $1,690,000, to take up unexchanged convertible debentures; series "B" (limited to $30,932,000)
$6,000,000 to retire gen. mort. 5s of 1893. V 80, p. 1481, 1726.
For 5 p. 0. convertible debentures of 1901 see V. 72, p. 990; V. 73,
p. 561; V. 74, p. 731; V 77, p. 2037 and plan (Be- above.)
Application for listing gen. mort. bonds was In V. 62, p. 461.
Repoet.— Report for 1903-04 In V. 79, p. 2146.
Gross-NetTear end'g June 30. 1904.
1903.
1904.
1903.
&
Mm
Fuel department
$M9,-37 $1,305,022
$3,455,496 $9,304,427
Iron and steel depta.. 5,005,911
6,981,828 def.316.300
926,781
Retail dept. eto
164,268
367.708
15,457
26,046
Total
$218,995 $'Z,257,H49
$8,625,675 $16,653,963
Bal. to Inc. aoct. aft. deduot'g gen. expenses..
$3,267 $1,990,983
,
917,000
673,000
696,000
784 ,000
23,000,000
20,000,000
6,750.000
5c0.000
1904.
1903.
1902.
$2,531,282 $1,849,175 $1,852,388
681,685
522,922
366,929
67,603
65,412
71,395
660,000
660,000
660,000
910,000
910,000
910,000
55,000
55,000
$893,679
$681,685
$522,922
1903
1902.
1901.
$5,164,829 $4,547,197 $4,401,216
2.062,824
2,075,360
2,117.851
Directors.— Nathaniel Thayer (Prest.),F. H. Prince (1st Vice-Pres.)«
Geo. P. Gardner <2d Vice Pres.), Gordon Abbott, E. N. Foss, Geo. HNorman and Mark T. Cox, of Boston, and Chas. G. Dawes, of Chloago;
John Kean, N. J.; Wm. D. Guthrie of New York N. Y. office. 25 Broad
St.— (V. 78, p. 764; V. 80, p. 653, 714, 869; V. 81, p 213.)
Chicago Pneumatic Tool Co.— Organization.— Incorporated
In New Jersey on Dec. 28, 1901, and took over the Chloago Pneu
matio Tool Co .Boyer MaohineOo.of Detroit, Standard Pneumatic Tool
of Aurora, 111.; Canadian Pneumatio Tube Co. etc.
Owns entire
£300,000 stoofc Consol. Pneumatic Tool Co. of London; V. 76, p. 379;
V. 80, p. 648; V. 81, p. 33. In 1904, the company beV. 78, p. 1389
Dividends—
$6,113,800
3,829,100
2,600,300
2,570,600
1,690.000
600,000
5,355,000
12,378,000
24,932,000
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and
Cent.
Payable
Whom.
See
text,
Bonds— triuciby
Checks mailed.
Cbeoks mailed.
do
do
do
do
A.
See text.
N. N. Y., Metrop. Trust Co.
A. N.Y., Chase Natl. Bank
Q.—J.
5 in 1904
6 in 1904
Q.-F.
Q.-F.
i
5
5
5
g-
&
&
&
&
g.
A
F.
g
g.
g.
6g.
II: M.
s
-
4g.
g
-
i
7,000 000
5,7-0 OUO
7,000,000
5g.
10,770,968 4 In 1904
3,584,500
6
3,400,000
5g.
2,500.000
4Hg.
July 20, '05,
Julyl5.'05,2%
Aug. 1, *05,li4
Aug.l, '05,Hs
Aug. 1, 1911
May 1, 1919
Feb. 1, 1943
Co. Aug. 1, 1934
Aug. 1, 1934
&
&
&
&
O. N. Y. .Knickerbocker Tr. Apr. 1, 1919
J. N. Y., Central Trust Co.
'uly 1, 1909
N. N.Y.,Kniokerbocker Tr May 1, 1951
J.
J. N. Y., Central Trust Co. Jan. 1, 1917
Q.-J.
N. Y., 253 Broadway. Oct. 1,1904,2
Q.-J. N.Y., F.L.& T.Co. & Off Jan. 1, 2397
A.
J.
I
A. N. Y., New York Tr.
A.
Do
pal.When Dur.
Slocks— LaBt
Dividend.
See text
8 In 1904
7000,000
Tear ending Dec. 31—
Dividends of U. S. Y. Co., &o
Balance previous year
General expenses, rents, &0
Interest on bonds
Dividends
Depreciation
Balance, surplus
TTn8tockYds.dtTr.Co.— 1904
Gross earnings
$4,944,635
Netearnings
1,948,713
Percent
Amount
[Vol. lxxxj.
M.
F.
M.
J.
J.
J.
A.
&
&
8.
Ohio. Nat. Bk., Chloago.
June
1943
i,"
Feb. 1, 1917
A.
& S.
& D.
& J.
& J.
& O
Cont'l Trust Co., Bait.
1949
Sept. 1,
Baltimore.
June 1, '05, 2%
Farm.
Mer.Bk., Bait. July 1, 1910
Nat. Bank of Bait.
July 1, 1939
Bait.. Fid. & Depos. Co, Apr. 1, 19o4
A
Other income In 1903-4, $27,945; interest, $1 ,064,300; taxes, $135,348; sink, fund, etc., $416,492; bal.. def., $1,584,858.
Officers.— President and Chairman of Board, F. J. Hearas; VloePres., E. Parmalee Prentice; Secretary, D. C. Beaman.
Denver, Col. New York offloe. 35 Wall St.
Directors:— F. T. Gates,
(vacancy)
E. Parmalee Prentice, Geo.
o.Gould, Benjamin Nlcoll, J. H. McClement, F.J. Heame.K.W. Oelebay, Edwin
Hawley, E. H. Harriman, James H. Hyde, Starr J. Murphy, D. C. Beaman.
Brecutive Committee. F.T.GatesiChairmanl, P. J.Heame, J. D Rockefeller Jr.,
Geo. J. Gould. Starr J. Murphy— (7. 80, p. 1425, 1481, 1 7 ±1. 18460.)
Office
,
Columbus 6c Hocklog Coal & Iron Co.— See page 459.
Commercial Cable Co.— Owns three cables from Nova
Sootia
to Ireland ; one from Ireland to Havre, France ; two from Ireland to
Bristol, England ; two Nova Scotia to New York and one to Rookport,
Mass., <fec; and one from Fayal (Azores), to Canso (Nova Scotia), one
from Fayal (Azores) to Ireland; total cables 13,000 miles. Also controls
Commercial Paciflo Cable Co., whose lines from San Francisco via
Hawaiian Islands to the Phillipine Islands, 8,000 miles, were opened
on July 25, 1903. V. 76. p. 541; V. 77, p. 39, 198. A fifth cable to
Europe will be operated in summer of 1905; V. 80, p. 9V5 Cables
from Guam to Japan and Manila to China were opened during 1904.
The Maokay Companies owns the entire $23,000 000 stock, acquired
in 1904.
V. 78, p. 9«0; V. 80, p. 995,
Amendment to certificate of
Incorporation Nov., 1904, V. 79, p. 2549.
Jan. 1, 1897, Postal Teleg. Cable Co. was purohased and Its stookof
$15,000,000 mostly exohanged, $ for $, for 4 p. 0. bonds. The 1st mort.
covers all property and leases and also the stocks owned of the various
companies controlled - see V. 64, p. 951; V. 72, p. 535. Postal Co. Deo.
31.1903, had 200,972 miles of wire (land lines). 3.017 offioes. The
Postal Co. has also working arrangements with 75,273 miles of wire and
16,960 additional offices. V. 74, p. 1357; V. 75, p. 79.
Dividends.— ) 1889.
1890.
1891 to 1896.
1897 to 1904.
Percent
Ha
6
7 yearly.
8 yearly.
$
Report.— Fisoal year ends Deo. 31. Report for 1903 In V. 78, p. 1107.
Tears.
Gross.
Net.
Int., etc.
Div'ds.
Reserve.
1903
1902
1901
$11,025,634 $2,513,440 $804,913 $1,200,000 $500,000
500,000
10.208.293
2.383,589
800,000
1,066,664
500.000
9.629.794
2,259.896
783,694
1,066,664
Offloe. 253 B'dway. N.Y.— (V.78, p. 1107; V. 79, p. 1464, 2459, 2590.
Commercial Union Telegraph Co.— Stock, $500,000 guar.
6 p. o. (J. & J.) by Postal Telegraph Cable Co.; par of shares, $25.
Commonwealth Electric Co.—Organization.— Formed in 1898
by interests controlling Chlo. Edison Co. to serve the suburbs of Chicago. Franchise 50 years. (Compare V. 67. p. 482; V. 79. p. 214, 272.)
Additional 1st M. bonds are issuable for not exceeding 75 p. 0. of
cost of farther extensions or improvements. V. 79. p. 214. Debentures are subjeot to call during first 5 years at lOO 1^, and thereafter at
par.
V. 74, p. 990.
Report —For year end. Mar.
fear—
31, 1905, In V. 80,
p 1970.
Bal., surp
$305,039
$283,292
$1,816,765
$588 361
240,527
1,350,999
516 264
275,737
President, Samuel Insull; Seoretary <fe Treas'r, Wm. A. Fox. Offloe,
139 Adams St, Chicago. - (V. 79, p. 272; V. 80, p. 224, 1970, 2623.)
Consolidated Car Heating Co.— Supplies steam and hot water
apparatus for heating railway trains and eleotrio heaters for street
cars, etc.— V. 70, p. 232. Stook, $1,250,000; outstanding, $1,130,400;
par $100. Dividends F. & A.
Grots.
Net.
Interest.
1904-05
1903-04
'04 1905
'93 '94 '95 '96 '97 '98 '99 1900 '01 '02 '03
3
6
1 3*2 1^ 3
4
7*2
7
6
4
6
5ifl
Officers and direotors June, 1900, V. 70, p. 1252; V. 76, p. 1357.Offioe, 42 Broadway, N. Y.— (V. 78. p. 1111; V. 80, p 225.)
DIV'B—
)
Percent.
\
Consolidated Cotton Duck Co.— Organization.— Incorpor
ated In Delaw»re In June, 1905, per plan V. 80, p. 1916 to ooutrol the
TJ. 8. Cotton Duok Corporation, owning 3 mills, and the Mount Vernon-Woodberry Cotton Duck Co. (see list 14 mills, V. 69, p. 129,) and
ultimately aoqulre the legal title to the properties. Tn June, 1905,
more than 8m p c. of D. 8 Co. stock and 87 p. o. of Mt. Vernon income
bonds had been aoquired on following terms (V 80, p. 2460i:
lircewed
Hulderi for Each$l. 000 of
Amount
Outstanding. New Pref. New Com.
Existing Ntcurities.
$50<i
$166*3
Income boud^ Mt Vernon Company. $6,0(10,000
Pref. stock U S. Cottou Duo* Corp.. 2,750,000
1,000
7273,
400
Com stock U. 8. Cotton Duck Corp. .10,000,000
Stock, Etc.— Common stock. $7,000,000; pref.. 6 p. o. cum $6,
000,000. of whloh $250,000 will remain in the treasnry. Underlying
bonds of Mount Vernon Co., $2">0,000; U. 8 C tton Duok Corp., *176,000. Of the Mount Vernon bonds, $1,000,000 1- the treasury on Apr.
1, 905. was pledged as part security for $1,24^,• 00 bills payable.
The net quick assets of U. 6. Co. ($983,348 on Dec. 31. 1904,) will, it Is
believed, on a consolidation furnish suffioient working oa ital.
Report.— Report for oalendar year 1904, V. 80. p. 874, showed
Duok Corp., $226,282; Int. and
net earnings of U
S. Cotton
gen. expenses, $123,456; bal., sur., $102,826. Surplus earnings of Mt.
Vernon Company over Interest were $63,260.
Chairman of Board, 8. Davles Warneld; Pres't, Chas. K. Oliver;
Continental Trust Bldg., Baltimore, Md. Directors and officers. V. 81,
p. 214.— (V. 80, p. 2460; V. 81, p. 214.)
Consolidated Gas of Baltimore City.— Incorporated May 5,
1888, under the laws of Maryland. In 1905 $5,82?,000 of the stook was
acquired by the New Consolidated Gas, Eleotrio Light <fe Power Co. of
Baltimore, which also in May, 1905, ottered to purohase the minority
stock, giving In exohange $1,000 in its general « s s lor ea> h 10 shares
of stock. See that 00. below and V. 80, p. 714, 1858. Prloe of gas was
reduced on June 1, 1900, from $1 25 to $1 10 per 1,000 oubio feet, and
on Sept. 1, 1905, will be reduced to $l.
>
,
1
-
July, 1905.
INDUSTRIAL STOCKS AND BONDS.
J
MISCELLANEOUS.
For explanation of column headings,
first page of tables.
Oon. das El.
.
Date
&o., Bee notes
000 prior
Brush Oimpanles' bonds
of
Par
on
Bonds Value.
LAP. (Ball.)— Common stook. $6,000,000
Pref. stock. 5 p»r cent ($700
Size, or
lien)
Edison <&
United Eleo ) st oonsol. M $4,500,000, g
c
General mortgage, $15,000,000. gold.OoBa
o*
Consolidated Oas(N. T.)- Stock— $100,000,000
Debentures
r
Debentures $20,000,000 auth., conv. after 3 years.. .o
,
.
INTERE81 OR DIVIDENDS.
Rate per When Where Payable, and
Outstanding
Payable
Whom.
Cent.
Amount
—
$100
1,000
1,000
1888
1904
1,000
1,000
26; 5<>0 Various.
3 263,000
4>sg.
4>«g.
6,361,000
See text.
80,000,000
1,394,000
5
6
20,000,000
100
]
1898
1899
1890
1895
1890
1894
-
1,000
1,000
1,000
1,000
1,000
1,000
1,000
I
K
]
.
<fc
,
S.— ) '93 to
'96. '97. '98. '99. '00. '01. '02. '03. '04
being issued in Oct., 1904, to retire the certificates of indebtedness,
$7,0u0.000 are reserved to retire outstanding 5s and 6s, maturing 1910
and 1 939, and the remaining $5,500,000 are issuable from time to time
after July 1, 1906 for not exceeding 80 p. c. of cost 01 extensions and
improvements. V. 78, p. 1964, 2014, 2331. 2387; V. 79, p. 1643.
Earnings.—Statement for year ending Deo. 31, 1903, was in V. 78,
p. 2331, showing, gross, $2,231,964; net earnings, $851,248; fixed
charges, $438,617; dividends (3 p. c), $328 000; bal., sur., $84,631.
Officers.— President, Ferdinand C. Latrobe; Sec, Edgar T. Powers,
Treas., Jos. W. Clarke; Gen. Mgr., A. S. Miller. Office, cor. Lexington
and Liberty Sts., Bait.- (V. 80, p. 119, 714, 1858; V. 81, p. 268.)
& Power
Consolidated Gas, Electric Light
Bonds.—The
1905.
Per cent. ..J 5 yearly. ±H 4^ 4 5% 3M 3
3 4 June, 2
Bonds.— Of the 50 year general 4i«8 of 1904 ($15,000,000 authorized issue; Fidelity & Deposit Co. of Maryland, trustee), $1,000,000,
have been sold for improvements and extensions, $1,500,000 were
Co., Balti-
more.— Organization.— Formed on Feb. 14, 1905. by consolidation
of the Wenstrom Eleotrio Co. and the United Eleotrlo Light & Powei
Oo. (see Railway & Industrial Section for Jan., 1905). Has also ac
quired a minority of the $10,770.96 stook of ttie Consolidated Gas Co.
of Baltimore, and in May, 1905, offered to puronase the minority
shares. V. 80, p. 714, 1858.
The gen. 1st 4 'as of 1905 ($15,000,000 authorized issue) are a first
lien on the $6,822,000 of the $10,770,968 Consolidated Gas stock and
additional stock as aoqulred, 8,050 shares of Mount Washington Eleo
trio Light & Powr-r C >. stock (substantially »11) and a lien subjeot to
outstanding bonds on all the properties of the old eleotrlo-light companies Of the issue. $8,639,000 is reserved for future purposes. V.
80, p 1731,714,1481.
Officers. Chairman of Board, S. Davies Warfleld; Vic ^-President,
Alton 8. Miller; Seoretary- Treasurer, W. D. Symington. Dlreotors, V.
80, p. 714. -V. 80, p. 714, 1481, 1731, 1858; V. 81, p. 268.)
York.-This company was organize))
Consolidated Gas of
Nov. 11, 1884, as a consolidation, and in 1899-00 secured control of
all the other gas companies and of all the eleotrio lighting properties
in Manhattan, New York City. In Dec, 1903, work was begun on new
plant at Astoria. Long Island, to be completed within two years V.
78, p, 105, 1964; V.79, p. 105,629. In July, 1904, the N. Y. & Westchester Ughting Co. was formed to operate in tne district of New
York City. As to municipal plant, see V 80, p. 1060, 2460. Legislation in May, 1905. reducing prioe of electricity, see V. 80, p. 1858,
2460; V. 81, p. 268 See seDarate statements following.
Drv8 — ) 1892. '93 1894 to '98. '99. 1900. 1901 to '03. '04. 1905.
Percent. S 6
5»*
7
8 yearly.
6
8 yearly.
8 1*
Below
In 1905, Mar., 2^9 p. c; June, 2 p. 0.
Since 1897 the prioe of gas has been reduced from$l 20 to $1 (begin
ning in 1901) as required by law. V. 64, p. 1000.
Stock, Etc.— In 1900, stook increased from $39,078,000 to $54,595,
200, and in July, 1900, to $80,000,000 to complete the control of the
gas and electric light business in Manhattan, to provide for improve
ments.etc Of the last issue, the final $6,562,598 was Issued at 150
on Sept. 15, 1903. V 77, p. 300. The controlled properties acquired
in 1899 00 are desorlbed below. 8ee also V. 80, p 1854-6; V. 70, p.
1293 (see also p. 1051, 1097, 1197;
In 1904 the
71, p 184. 544).
authorized issue was increased to $100,000,000 to provide for the convertible feature of the new debentures. V. 78, p. 1964.
In 1904 stockholders subscribed to $20,000,000 6 p. c. debentures
at par, payable 30 p. c. on July 1, 30 p. c. Oct. 1 and 40 p. o. on Dec.
31, 1904, or optionally in full on either of the first-named dates. The
debentures are convertible into stook at par on July 1, 1907, or any
interest day thereafter. V. 78, p. 1964, 2014, 2336
Report of Legislative committee in 1905. covering the operations
of all the constituent properties, was fully cited in V. 80, p. 1854,
1858, 1910, and showed for Consol Gas Co.: In 1904, gross, $13,
282.897. against $12,882,1 16 in 1903; net income, $0,273,813, against
$5,793.9M; interest. $526,413; dividends (8H p. c), $6,799,970; bal.,
def., $1,052,570; Consol Gas Co 's snare of undivided surplus for
year of subsidiary cos. was about $4,080,000.
Bal. sheet Deo. 31, 1904, V. 80, p. 1854. Report for year ending
Deo, 31, 19o4, was in V 80, p. 470. showing net profits of oal. year
1904, above dividends, about $2,600,000, against $2,500,000 in 1903.
Officers— President, Harrison E. Gawtry Vice-Presidents, Walter
R. Addicks. 8amuel Sloan and Lewis B. Gawtry; Sec, R. A. Carter;
Treas., Jas. A. Bennett. Trustees— H. E. Gawtry, Samuel Sloan, John
W. Sterling, W. Rockefeller, M. Taylor Pyne, Geo F Baker, Jas. Stillman, S. S. Palmer. Frank Tilford, F. A. 8chermerhorn A. N. Brady. T
F. Ryan, Geo. H. Church.
Office, 4 Irving Place. (V. 81, p. 214, 268.
•*
V
;
(1)
NEW AMSTERDAM
GAS.
Incorporated Nov. 1, 1897, and consolidated N. Y. & East River and
Eq. Gas Light, per plan V. 66, p. 133. Owns entire $7,000,000 stocfc
of New York Carbide & Acetylene Co.
Securities.—The stock authorized is $13,000,000 of common
stook, $10,000,000 of 5 p. 0. preferred, cumulative after Nov. 1, 1900,
New consol. 58 for $1,365,000, preferred stock $1,000,000 and common
$835,000 in Jan., 1906, were in treasury available for future needs.
Par of shares $100. The Consolidated Gas Co. owns $12,109,500 common and $8,977,500 V ref. stock. V. 70, p. 897, 948, 1052, 1197, 1252;
V. 80, p. 1855,2224.
(2)
May 23,
NEW YORK
EDISON COMPANY.
1901, as a consolidation of the N. Y. Gas & Eleo.
Light, Heat & Power, Co. and the Edison Eleo. Ilium. Co. of N Y. Owns
large power plant located on 1st Ave., between 38th and 39th StreetB
V. 69, p. 704; V. 68. p. 1025; V. 70, p. 283, 482; V. 80, p. 1915. StocK
$45,200,000. of which $45,051,000 outstanding, practically all owned
by Consol. Gas Oo. V. 72, p. 1038.
Organized
J.
F.
<fc
&
J.
N. Y., Morton Trust Co.
N. Y., Central Trust Co
N. Y., Guaranty Tr. Co.
N. Y., Morton Trust Co.
N. Y.. Cent. Trust Co.
N. Y., Union Trust Co.
N. Y., Central Trust Co.
do
do
N. Y.Guaranty Trust Co.
N. Y, Knick'b'r Tr. Co.
N. Y.,H. B.Holllns & Co.
N.Y..H.B. flollins &Co.
N. Y.. Merc. Trust Co.
N. Y.,H.B.Hollins& Co.
N. Y., Colonial Tr. Co.
N. Y. Central Trust
Co
do
do
J
'10 '16,
May
1,
&'24
1929
Feb. 14, 1U35
June 15/05, 2
May
1,
July
1,
1908
1909
1948
1949
1910
1995
1940
1924
1932
May
1906
1944
1945
1948
1927
May, 1930
Nov. 1, 1927
Deo. 1, 1950
Deo.
Feb.
1,
1,
Mch. 1,
July 1,
Sept. 1,
July 1,
Moh. 1,
1,
Jan. 1,
Jan. 1,
Jan. 1,
July 1,
July
July
1,
1,
2004
1954
5s of 1898 ($15,000,000) are seoured Dy a first
first
lien on the company's new power plant and other property and pledge
of various securities; list see V. 68, p. 773, 824, 1025; V. 76, p. 268
The 4s of 1899 are secured by a purchase-money lien on the former
Ed. Elec. Ilium, property, subject to bonds of 1890 and 1895, and by a
second mortgage lien on the remaining property of the consolidated
Real estate mortgages, $174,000.
V. 72, p. 939, 1038; V. 81, p. 3
Earnings.— For 5 mos. ending Mar. 31, 1905, gross, $5,035,395; net,
$2,469.^95; charges, $326,832; bal., sur.. $1,642,463. (For oal. year
co
•>.
1904 V.
81, p. 29:
1904
1903
Charges.
Net.
Oross.
Sear.
Surplus.
$2,831,002
2,138,646
$4,836,714 $2,005,712
3,981,540
1,842,894
-V. 80, p. 1855,2224; V. 81, p. 29, 35,215.
$10,265,418
8,963,314
(3)
NEW YORK MUTUAL GAS LIGHT
CO.
Incorporated in New York Apr. 17, 1866, under special charter.
Stock outstanding, $3,436,600, of whioh $1,763,200 is held in the Interest of the Consolidated Gas Co. Par of shares, $100.
Dividends— > 1894 to 1897. '98. '99. '00. '01. *02. '03. '04. 1905.
Since 1893,
9
9 yearly.
1901 to 1905, inclusive, Jan., 4; July, 5 p. 0. V. 80, p. 1855.
8739999
pcj
(4)
Organized in 1886.
STANDARD GAS LIGHT
CO.
Owns 160 miles of gas pipes
The Consolidated Gas Co., owns $4,630,900
common and $3,934,400 of the $4,295,700 pref.
Divs— '93. '94. '95. '96. '97. *98. '99. '00. '01. '02.
Com. %.. ... 1
N. Y.
north of 13th St.,
of the $4,985,700
45850 266
445^413686213666
'03.
'04.
6
1905.
June, 3
June, 3
6
Third Ave. and 49th St.. N. Y. V.72,p.l241; V.80,p.l855.
(5) UNITED ELECTRIC LIGHT & POWER CO.
Stock, $5,346,600, mostly owned.— V. 70, p. 40; V. 80, p. 1856.
(6) (a) CENTRAL UNION GAS CO.— (b) NORTHERN UNION GAS CO.
Pref. %..
Office,
—
New
Various
M. & N. Alex.BrownASons.Bal'
J. & J. N. Y. and Baltimore.
Q.-M.15 N. Y. , Office, 4 Irving PI.
M. & N.
do
do
J. <& J. N.Y, Nat. City Bank.
& D.
& A.
M. & S.
J. & J.
M. & S.
J. & J.
M. & S.
M. & N.
J. & J.
J. & J.
J. & J.
J.
J
M. & N.
M. & N.
J. & D.
5&6 Various
J. & J.
15,000,000
5g.
20,929,884
4g.
5 g4,312,000
5 g2,188,000
988,000
5 g.
5
4,838,000
5 g.
...
3,500,000
1896
5
100
500,000
1894
5 g1,000
3,500,000
Gas Co.
1895
5 g1st con. M., ($5,000,000), gold.
..o* J
1,000
1,500.000
(
New Ams'dam 1st cons. M.,gold, $20,000,000. Ce..o*&r 1898 l,000<tec 10,635,000
5 gCentral Union Gas, guar. p. i., N. Y. <fe E. R.Ce ..c* 1897
5 g1.000
3,450,000
Standard Gas Light, 1st mortgage, $1,500,000, gold..c 1890
5 g1,000
1.285,000
No. Union Gas, 1st M., $1,500,000, g., not guar. K...C 1897
5 g1,000
1,250,000
Westchester Lighting, oon. M., $10,000,000, g.Col..o* 1900
5,916,000
1,000
Other bonds Seetext
1,023,000
N. Y. & Wes. L gen. M., $10,000,000, g., gu., red. text. Ce 1904
1,000 10.000,000 See text.
1904
Debentures $2,500,000, gold, guar., p. & 1
2.500.000
5 g.
Mo
Dividend.
6,700,000
1899
1905
Bonds— i'rlnolpal,When Dne.
by Stocks— Last
$6 000 000
10J
Bonds of Companies Controlled.
N.Y.Ed.-N.Y.G.&E.L.H.<&P.lstM.$15000000,g.Moo*<fcr
Pur.mon.M..$21,000,000,g.,sub.tocalltoFeb'02Ce.o*
Edison Eleo. 111., N. Y., 1st M.. gold, red. at 110.Ce..C
First consol. mortgage, $15,000,000, gold.
o*
Mt. Morris Elec. Lt., 1st M., g., red. at 105 Oct. 1, 1900
United Eleo. Lt. & Power, 1st mort., $5,370,000. Un...
Equitable Gas L. cons, (now 1st) M.Ce Assumed by (
New
Debentures, subject to call
N.Y. & East River Gas 1st mort.,g.G o* f Amsterdam
445
Compare V, 65, p. 462, 366, 112; V. 80. p. 1855. (b) V. 65,
621, 977; V. 80, p. 1 8 5 5
Westchester Light Co.)
(7) westohester lighting co. (N.Y.
Supplies gas and electricity In Westchester County north of New
York City. See V. 71, p. 1023, 1175. The Consolidated Gas Co. owns
the $12,500,000 capital stock. See V. 79, p. lbO, 217, 504, 1706.
Northern Westchester Lighting Co. is controlled by friendly interests.
V. 81 p. 268.
Bonds.—The general mortgage bonds of 1904 ($10,000,000) bear
nterest on a sliding scale, beginning at 13 of 1 per cent (first coupon
July, 190">), and rising to 4 per cent from July 1, 1914, to maturity,
except about $2,500,000 which have additional ooupons attached
making them straight 4 p. c. bonds. All are subject to call on or after
July 1, 1905, at par and interest. V. 79, p. 1706. 1957. They are
guaranteed, prinotDal and interest, by the Cbnsolidated Gas Co., as
are also the $^,500,000 of new 5 per cent debentures. Form of guaranty, V.79, p 2152. The underlying bonds not shown in the table
above (Westchester Lighting 5s being reserved to retire at par the N.
Y. & Sub. Gas and New Roohelle G >s and Fuel issues) are:
Bonds
Oui standing. Maturity.
Interest.
New RochelleGas & Fuel lsts M..
|»5.0oo
6
Jan. 1 1908
J & J
New York & Suburban Ga» 1st)
MAS a»43,<00
5g.
Mar. 1.1949
M., g., guar., p. & i., by Am.
Subject to call at 105 & Int. after Mar. I,
Gag Co
1909.
Hudson Rlv. Gas & Elec. 1st M. ...
5
M& N b260.000
May 1, 1929
White Plains Lighting 1st M
6
335000
June 1,1938
(a)
p.
&
!
(a)
V. 68, p. 474; V. 70,
p.
844; (b) V. 68, p. 884; V. 70, p. H44.
For year ending Deo. 31, 1902, gross, $1,037,799; net, $375,338;
lnt on bonds, $252,920; bal sur., $122,418. In 1901, gross, $849,153;
,
$251,040.-(V. 79,
1957, 2152; V. 80, p. 1001.)
Consol. Gas of Pittsburg.—See Pittsburg In St. Ry. Section.
consol. Lake Super.—See Lake Superior Corporation.
net,
p.
Consolidated Railway Lighting
&.
Refrigerating Co.
—Incorporated in New Jersey in Mar., 1901, per plan, V. 72, p. 677,
Stock author., $22,000,000; outstanding, $17,500,000; par of shares,
$100. Faotory at Bayonne, N. J. No bonds. Report for year ending
Dec. 31, 1903, was in V. 78, p. 1220. Directors, V. 74, p. 632. Pres.,
Isaac E. Rice. Office, 11 Pine St., N. Y.-(
74, p. 632; V. 76, p. 481.)
Consol. RubberTire—8up. July,'03; V. 80, p. 2342.
Consolidated Tobacco Co.— See American Tobacco Oo.
Consolidated Water Co. of CJtlca, N. Y.— Incorporated in
Nov., 1899, and by purchase of existing properties acquired control of
practically all the water available for city of Utica, N. Y. V. 69, p.
956, 1064. Stook, oo nmon, $1,500,000; pref., 5 p. c noncum., $1,000,000; par of shares, $100. First mortgage, $2,500,000 thirty-year gold
5s, all outstanding, due Jan. 1, 1930, int. J. & J , at Redmond
Co.. New York; N. Y. Sec. & Trust Co., trustee; improvement
and extension (2nd) 6s, $250,000, dated July 1, 1903, due Jan. 1, 1913,
subjeot to call after 1904; Trust Co. of America, N. Y„ trustee. V. 80,
p. 474. Year 1904, gross, $192,824; in 1903, $182,067. Pres., John
V. Bacot.— (V. 77, p. 108, 1876; V. 80, p 474.)
Consolidation Coal Co.—Incorporated in 1864. Baltimore &
Ohio RR. owns $5,353,200 stock. Coal mined in 1904, 1.833 371 tons;
in 1903, 1,753,783 tons; in 1903, total, including subsidiaries, 7,309,352.
Owns $1,500,000 stook of Cumberland <* Perm. RR. (which see)
and guarantees its $1,000,000 bonds. Early in 1903 a controlling Interest was acquired in the Fairmont and Somerset Coal companies
(which see), the former controlling the Clarksburg Fuel and Northwestern Fuel companies, the last named owning large docks at Chi.
oago, Milwaukee and Superior. In Dec, 1904, the Fairmont Goal Co.
acquired the control of the Pittsburgh & Fairmont Fr ^1 Co., owning
17,966 acres of coal 'and in West Va. on the B. & O., between Clarksburg and New Martinsville. V.79, p. 2699. In Nov., 1903, $501,100
of the $1,000,000 Metropolitan Coal Co. stock was purchased. V. 78,
V
&
.
.
1
•
.
.
INDUSTRIAL STOCKS AND BONDS.
416
MISCELLANEOUS.
Date
Size, or
Amount
Par
For explanation of column headings, &c, see notes on
of
Outstanding
first page of tables.
Bonds. Value.
Consolidated, Tobacco— See American Tobacco Co.
Consolidation Coal— Stock
1st M., $750,000, g., sink, fd., red. each Jan. at 105. G.
1897
Refunding M., $7,500,000 auth., g., s. f red. 110 So*<fcr 1904
Continental Tobacco— See American Tobacco Co.
.
,
Corn Products— Common stock, $50,000,000
Pref. stock, 7 per cent, cum., $30,000,000
Unassumed Bonds of allied Companies.
Nat. Starch, deben,
g., s. f.,
$8,000,000, call 105.
$100
1,000
1,000
f
mm. 1900
Ma
M
Gas— Stock, $5.000,000
c*
Prior lien mortgage, $6,000,0o0, gold. N
Detroit Gas consol. mortgage for $4,000,000, g.G-.c&r
Detroit City Gas gen. M., $10,000,000. g. See text.Eq
Detroit EdUon— 1st mortgage. $10.000 000, gold S
Diamond Match— Stock, $15,000,000, list. In Chic &N.Y
Distillers' Securities Corp.— Stock, one olass, $32,500,000
Col.tr. M., $16,000,000. 9 conv.call 105 af.l908(text)o"
Am. Spirits Mfg., 1st M g , call at 105, s.f., 5%.Ma.o"
Detroit Oily
.
.
1890
1901
1903
1904
4,137,000
5 g.
778,000
6g.
2,846,000
6g.
2,200,000
6 g.
See text.
6g.
See text.
5 g13,434,5 50 7 in 1904
850,000
5 g.
8,000,000
5g.
1,000,0 >0
5 g.
5,000,000 See text.
5,618,000
5 g.
381,000
5g.
312,000
5 g.
4,200,000
5 g.
15,000,000 10 in '04
29,827,816 4 in 1904
13,609,534
5 g.
1.738.960
6g
"Too
1898
1.000
1894 100 &o,
1903 500 &o.
50
1898
1,000
1893
1,000
1903
1,000
1903
1,000
100
100
1902
1.000
1895
1,000
31, 1904, $1,800,000. V. 79. p. 502, 2699.
Dividends since 1883: for 1884 and 1885, 1; for 1886, %; for 1887,
Ha; for 1888, 2H ; from 1889 to Feb.. 1903, inclusive. 2 p. o. yearly;
in 1904 and 1905, 4 p. c. yearly, including 2 extra. V. 78, p. 289.
Report.—For 1904,ln V.80, p.1361, showed: Gross. $4,462,292; net'
1,466,703; charges. $415,090; dividends, $410,000; depredation, etc
f 121,277; bal, sur., $520,336. Pres., C. W. Watson. Office, Cont. TrBldg., Bait. Directors, Mar., 1904, V. 78, p. 1277.-(V. 80, p. 1361.)
Corn Products Co.— Organization.— Incorporated
In New Jer"
1902, and acquired, per plan, V. 74, p. 329, 381, 1086:
Capital
stock.
New
co.
owns.
,
'97
Dividends.
'88 'V9 '00 '01 '08
Glucose Sugar ReBnlng Co., com. $24,027,300 |21,80ii,000
\% 6 8 6H 1
7 per cent cumulative, pref
13,638,300 13,168.«00
7 7 7
1*
\H 7
National Starch Mfg. Co.. com... 2,595,900
2,445,800 I Incorp'd \
6 per cent cumulative, pref
4,028,300
3,661,800 } May. '00. 1 IK 6
Illinois Su«ar Refining Co
•JSO.OOO
750,000
Not known.
Charles Pope Glucose Co
120.000
120.000
N.T. Glucose Co. ($2,000,000 pf.)
1.226.00J
8,500,000
The allied Interests report a capacity of 203,000 bushe Is of corn dally
As to proposed concentration ol plants (June, 1905) see V.80, p. 2623
Stock authorized, common, $50,000,000; pref., 7 percent cum., $30,000,000; about $2,000,000 of each class to remain in the treasury, to
.
,
gether with any amounts not used In exchange.
Dividends.- On pref., July, 1902, to Jan., 1905, lncl., 1% p. o. quar.;
In April, 1905, 1 p. c; in June. 1905. the dividend was passed. V. 80,
p. 2623. Com., May, 1903, to Feb 1904 4 p. o. per an.; none sinoe.
Bonds. The bonds of controlled companies have not been assumed
but the interest and sinking fund charges are payable from their
earnings before any dividends oan be paid on their stocks. Of the National Starch d- bentures, $3,778,000 are reserved to retire bonds of
Nat. Starch Mfg. and U. S. Sugar Refinery companies. In Jan., 1905,
a proposition was made to the holders of the Nat. Starch Mfg. 6s to
scale the interest; V. 80, p. 1 19. Of the New York Glucose 6s, 4 per
cent of eaoh bond ($40) Is retirable Sept. 1 yearly, beginning 1902,
but the bonds are not subject to oall. V. 74, p. 1086. The interest due
June 1.1902, on U. 8. Sugar Refluerybonds was paid in July; since to
Jane. 1905. when due. V. 74, p. 1310; V. 75, p. 79.
Report.— Report for the year ending Feb. 28. 19C5, was in V. 80. p
1853, showing: Net income for year, $l,6f- 9,466; total surplus Feb 2-»»
1904, »353.05l; deluct $1,916,495 dividends (7 p. c) ou pref.; bal..
surplus, Feb. 28, 1905, as per balance sheet, f 126,022.
Officers.— Pres C. H. Matthtessen: Vioe-Pres. and Sec, O. L. Glass;
Treas ,ffm. W. Hoatou. Direotors, March, 905, V. 80. p. 1365. Headquarters Chic, 111.; N.Y. off., 25 Broad 8t.— (V. 80, p. 2623; V.81, p 269.)
,
—
,
Cramp
&
A Son*' Ship
( VI in )
Engine Building Co.— Incor
In Penn. Mar. 26, 1872. Properties owned V. 78, p. 46.
8tock.— Stock, as lnoreased June, 1903, $6,250,000; outstanding,
$6,098,000; par of shares, $100. Of this $4,648,600 has been deposited
with voting trustees; viz.: E. T. Stotesbury and Richard Rushton. Phil.,
and Geo. F. Baker, N. Y. V. 76, p. 921, 975, 1087; V. 78, p. 46.
Dividends.— >
*92.
'93. '94. '95. '96. '97. '98. '99. '00. '01.
02.
Percent.
5 8<fc20sc. 10
18 7 None. .. 1*4
5
5
5
3\
No dividends since to Oot., 1904. V. 75, p 1256.
Bonds.— The company issued in Apr., 19C3, $5,000,000 5 p. o.
serial notes, maturing part Jan. 1 and July 1, semi-annually, viz.:
$80,000 for 5 years, then $110,000 for 5 years, then $140,000 for 5
years, then$170,000 for 5 years, but subject to oall at 102»s, secured
by $5,000,000 consol. 5s of an authorized issue of $7,500,000; of the
latter, $2,000,000 are reserved to retire prior liens and $500,000 for
future purposes. See V. 76, p. 921, 975. First M. gold 5s of 1899, $1,350,000 (int. M. & S.), due Mar. 1. 1929, but subject to call $25,000
yearly Jan. 31 at 110 for a sinking fund. Real estate mortgages Apr.
30, 19 '5, $576,052. V. 67, p. 1310; V. 68, p. 383; V. 78, p. 46.
Report.— Report for 1904-5 in V.81. p. 152, showed: Gross earnings,
.
'
$7,383,309; net earnings, $779,703; other income, $83,966: general
miscellaneous expenses, $151,775; fixed charges, $397,729; bal., sur.,
$314,16*. In 1903-4. gross, +7,107,082; net, $735,031. Chairman
of Board, Charles H. Cramp; President. Henry S. Grove; Vice- Pres.,
Edwins. Cramp; Gen. Mgr., H. W. Hand.— (V.81, p. 152, 157.)
Crucible Steel Co. of America.—Organization.— Incorporated
on July 21, 1900, under the lawsof New Jersey to consolidate 13 properties, Including the Park Steel Co., etc., named in the prospectus, V. 71,
p. 32. See also V, 73, p. 842. Stock authorized, common.
pref., 7 per cent cumulative, $25,000,000; par, $100.
$25,000,000;
In May, 1904, the Clairton Steel Co. was sold to the U. S. Steel Corporation, the latter in payment therefor guaranteeing or assuming the
bonds ($11,916,715) and giving $1,000,000 of 10-60 year 5 p. c. bonds
The Crucible Company agrees to take 120,000 tons of steel yearly for
10 years and about 80,000 tons of pig Iron on a sliding scale of prices.
V. 78, p. 1552. 2014; V 79. p. 1267.
In July, 1904, the Howe-Brown steel plant was sold. V. 79, p. 154.
Dividends on pref., Dec. 1900, to 8ept.. 1903, 7 p. o. yearly; none
since. V. 77, p. 1227, 2342.
Bonds.—The stockholders voted on Oct. 19, 1904, to authorize (per plan V. 79, p. 1268) $7,000,000 five rer cent bonds maturing
'after 5 years) annually In series during 20 years, to fund the floating
debt and reiund the collateral trust bonds of 190J, of which $1,100,
Whom.
Payable
Dividend.
0,250,000 4 in 1905 Feb. 1 N. Y., Guaranty Tr. Co. Feb. 1, '05. 4%
480,000
do
do
Jan. 1, 1922
4*s g. J. & J.
2,243,000
4^ g. M. & N. N. Y., Standard Tr. Co. May 1, 1934
1,000
1,000
1,000
Text.
1,000
O the$7,500,000refund.4i2BOf 1904,$2,242,000
has been issued to p: 7 for properties acquired. $1,750,000 is reserved to retire the 4^s due 1922 and $1,000 000 Cumberland &
Penn. 5s due 1921, and the remaining $3,50H.000 for future requirements; sinking fund, 3 cents per ton of coal mined. Due s. & O. Deo.
Company—
Cent.
45,215,500 See text.
27,380,700 See text
p. 1271; V. 79, p. 502.
6,
Bonds— .PrmoiINTEREST OR DIVIDENDS.
pal,When Due.
Rate Per When Where Payable, and by Stocks—Last.
100
100
United States 8ugar Refinery, gold, 1st mortgage
Nat'l Starch Mfg. Co., 1st
., gold (sinking fund).
N. Y. Glucose Co. 1st M., $2,500,000, g., e. f. See text.
Crucible Steel Co. of Amer.— Coll tr.debent., gold.UPi.c*
1st mortgage. $7,000,000, gold
Cumberland Telephone <£ Telegraph— Stock, $20,000,000..
1st mort., $1,000,000, gold, s. 1. (other bonds see text).
Denver Union Water Co.— 1st mortgage, $8,000,000, gold
South Platte Oan.& Res. 1st M g.,gu.end.,red.text.ITIo
sey on Feb.
1
[Vol. lxxxi.
-F.
-J.
&
&
&
&
N. Y., Cuyler, M.
do
do
&
Co. Feb.10,'04.1%,
Apr. 10, '05, 1
J. N. Y. J.T.Weed,25Broad July
D. Intern. Tr. Co., Boston. Deo.
1925
1921
M.
N. N.Y.J.T.Weed,25Broad May
1920
M.
1926
S.
A.21&O. Union Tr. Co., Pittsb'g, Oct. 21, '06 08
1909 to 1924
Checks mailed.
July 1, '05, 1\
Q-J.
N. Y., Washington Tr. Jan. 1, 1918
J. & J.
J. & J. N.Y. Fourth Nat. Bank, July 1, 1914
July 1, 1923
J. & J.
do do and Denver
Cheoks mailed.
J. & D.
June 1,1905, 3J. & J. N. Y., Emerson, McM.
Jan. 1, 1923
F. & A. N. Y., Guaranty Tr. Co, Feb. 1, 1918
J.
J.
1,
1,
1,
Sept. 1,
A
J.
J.
&
J N. Y., Emerson
McM.
30 Broad
See text.
1, 1933
Q.-M. By check fr. N. Y. ottica jDel5,'05,2i«
J. N. Y.. off..
By check
July28,'05,l%
N. Y., Merc. Trust Co.
Oct. 1, 1927
Sept. 1, 1915
Q-J.
&
A.
O.
Jan.
St,
MAS. N. Y.,
Manhatt. Tr. Co
000 were sold at par, $2,900,000 used as collateral and $500,000remained in the treasury. (V. 79, p. 736.) These bonds will probably
not be Issued.
V. 80, p. 1481.
Report.— Year ending Aug.
31, 1904, V. 79, p 1702: Net earnings
$488,160 after deducting $761,194 for depreciation in Inventories and
doubtful accounts
Chairman, Wm. G. Park; President and Gen. Mgr., Frank B. Smith;
Treas., Julius Bieler. Office, Friok Bldg., Pittsburgh, Pa. Directors,.
Sept., '04, V. 77, p. 1473; V. 79, p. 1333, 1706.— (V. 81, p. 214.)
Cumberland Telephone & Telegraph.— See page 459.
Denver Gas & Elec— Denver Union Water.— See p 460,
Detroit City Gas.—Organized
461
March, 1898, and owns all the
gas properties in Detroit, Mich. Hasja franchise till 1923 from the city..
City ordinance of Dec, 1901, reduoing the price of gas to 70 cents,
was never enforced. V. 73, p. 1266.
Stock. Authorized, $5,000,000, all
outstanding;
par, $50
In
Dividends, 2»n p. c,'99; 1900, 5 p. c; 1901, May, 2^ p. c; in '03, 5 p. o
c ctfs. of indebt. paid Dec. 15, 1904; In 1904, 5 p.c (J&D) ; in
1905, June, 3 p. c.
Bonds.—The prior lien mortgage Is for $6,000,000, of whioh $397,000 to retire the $381,000 Det. Gas 5s, not yet exchanged, and
$16,000 income 5s. Prior lien bonds are subject to oall at 110. Of the
gen. 5s of 1903 ($10,000,000 authorized Issue. Equitable Trust Co. of
N. Y., trustee,) $6,000,000 are reserved to retire the prior liens; present issue, $500,000; Nos. 1 to 1,000 mature $100,000 yearly from July
1, 1913, but are subject to call at par; if called, holder may take In
lieu of cash new bonds maturing July 1, 1923, subject to call at 105;
balance mature July 1, 1923. V. 77, p. 253; V. 78, p. 822.
Report. -For calendar year 1903. gross, $1,376,388; net, including
other income, $707,507, against #605.211 in 1902: Int. on bonds, etc,
$321,472; bal. for stock, $3H6,035. against $430,374 in 1904 V. 78,
p. 822. Statement to N.Y. Stock Exchange, with bal. sheet of Apr. 30,
1904, was in V. 79. p. 102.
For 11 mos. endin? Nov. 30, 1904, gross, $1,327,421; net. $679,075;
Interest charges $297,917; balance, surplus, $381,158.
Officers.—President, Emerson McMillin, New York; Gen. Man.'
A. P. Lathrop, Detroit. Mich. Directors June. 1904. V. 79, p. 102-(V. 78, p. 822, 2601; V. 79, p. 102, 2459; V. 80, p. 653, 1974.)
in 6 p.
Detroit Edison Co.—Organization.— Incorporated in Jan., 1903,
and absorbed the Edison Illuminating Co. of Detroit and Peninsular
Electric Light Co does entire electric-light business in oity. V. 76.
p. 215. Controlled by North American Co. A new generating plant
of 16,000 horse-power was placed in operation late in 1904. V. 79,
Stock authorized, $6,000,000; Issued, $5,000 000; par, $100.
p. 2645.
;
Bonds—
Date.
Interest.
0ut8ia»d'a.
Maturity.
1903 5 g. J-J $4000,000 Jan. 1, 1933
($1,000 eaoh)
\ Standard Trust Co. of New York, trustee.
Remaining bonds oan only be Issued for not exceeding 76 per cent of
the cost of additions and improvements. V. 77, p. 2037.
Year ending Apr. SO. 1905, gross, $736,037; net, $265,620; bond
1st mort., $10,000,000, g.,)
interest, $181,267; balanoe, surplus, +84,353.
President, 0. W. Wetmore, Seoretary, S. W. Burt; Treasurer,
Sheldon. New York ottloe. 30 Broad Street.— (V. 81, p. 33.)
Geo. R.
Detroit mack. & Marquette Land Grant.— See p. 460
Detroit Union It it Depot.—See Supplement, Oot., 1897.
Diamond Match.—Organization, Etc.— Organized In 1889
.
under laws of Illinois. Owns faotortes at Barberton, ()., Detroit,
Mich., Oshkosh, Wis., Oswego, N. Y., etc.; controls oompanles In England, Germany, Switzerland. Pera, South Alrlca, etc; see V, 76, p.
380, 6fS6; store properties at Baltimore and Philadelphia, and sawmills, with extensive pine stumpage. V. 73,p. 135. V. 76, p. 380, 1087.
As to California lumber purchase see V. 76, p. 380; V. 78, p. 700; V. 80,
p. 648; Br. A May. V. 76, p. 656; V. 77, p. 351, 629; V. 78, p. 289; V.
79, p. 2590; V. 80, p. 715.
1895. 1896 to June, '05..
Dividends.—
)
1893.
1894.
21i 9
20
10 (2^ quar.)
Sinoe 1892, p. ot. s
10
Stock.— Increased in 1895 to $11,000,000; in 1899 to $15,000,000.
Annual Report.—For 1904, in V. 80, p. 648, showed net. $1,653,
369; In 1903. $1,824,089; In 1902. $1,957,674. President, O. C. Barber; Treasurer, J. K. Robinson; Seo'y. W. G. Finley; And., H. O. Cranz;
Gen. ofli., 56 Mich. Ave , Chic; N.Y. off!., Ill Broadway— V 80, p. 648.
DlHtillemt' Securities Corporation.— Organization.— Incorporated In New Jersey on Sept. 18, 1902, as successor, per plan V. 74,
p. 1310, 1,358, of the Distilling Co. of America, the latter having oontrol of the Amerioan Spirits Mfg. Co., Kentuoky Distilleries & Warehouse Co., Spirits Distribut'g Co. (dissolved In 1902) and Stand. Distill.
& Distrib. Co.; see V. 68, p. 1224 (d's»olvei1 in 1905); also several rye
whiskey concerns. Including Humus Distilling Co. V. 69. p. 179, 494,
745. List of properties, V. 73, p. 136; V. 71, p 815; V. 69, p. 957. Independent distilleries, V. 74, p. 157; official statement, V. 76, p. 100.
Owns over 90 per cent of the stocks of the Distilling Co. of
America. The new bonds are secured by the deposit of the stocks and
bonds acquired, and are redeemable at 105 after 1908 and convertible
at option of holder into stock at par at any time till Oct. 1, 1912.
Dividends.—Jan., 1903, to July, 1905, both inol., 1 p. c quarterly.
Report.— Report for year ending June 30, 1904, in full In V. 79, p.
1639, showed gross sales of constituent companies and all other Income,
$79,167,166; gross profits. $3,678,464; int., taxes, additions, etc, $1.980,477; net profits, $1,697,987, against $2,184,791 In 1902-3; dividends (4 p o ), $1,305.462 bal., sur., $392,525. See also V. 75, p. 904*
and balance sheets of proprietary cos., V. 73, p. 898.
;
.
July,
.
,
INDUSTRIAL STOCKS AND BONDS
190.").
MISCELLANEOUS.
Date
Size, or
Amount
For explanation of column headings, &o., see notes on
of
Par
Bonds Value. Outstanding
first page of tables.
Dominion Goal—Fret., 7 per cent, onm. (text), conv.. red.
$100
1905 500 &o.
1st mort. gold, sinking fund— see text, redeemable.
Dominion Iron Sieel— 1st M., g., $8,000,000, s.f., see text 1899
<fi
2d M., $2,500,000, $250,000 due yearly besr. Oct., 1905
stock, $?5 000.000
Pref. (also as to assets), $10,000,000. 6 per cent, oum.
Edison Electric III. Co., Botlon— Stock (bonds, see text)..
Edison Electric Illuminating—See Kings Co. Elec. Lig
Electric Storage Battery-Stock ($329.20<» is pref.) text..
Elec.Vehicle Co.— Ret. 1st M., $2,250,000 (V.74, p 98). Mo
Empire Steel <6 Iron— Stock, common, $5,000,000
Preferred stock, 6 per cent, cumulative
Equitable III. Oas L ylit Oo. of Phila.— Com. stock
Pref. stock, 6 per cent
1st mortgage, gold, redeemable at 105. N.
Erie <k W at. Transp.—1st M., $1,500,000, red. text.GPo*
Fairmont Ooa' Oo -Stock $12,000,000.
Mortgage ($6,000,000, gold), slnk'g fULd, seetext.G.o*
Eastman Kodak Common
1903
500
lf'O
103
100
HT
100
--
1898
1905
I—
1901
1,000
100
100
1,000
1,000
100
1,000
Directors.— E. J. Curley (President), Lawrence L. Gillespie (Chairman of
Board); W. P. Ward Vice-Prea.), Amory G. Hodges, Russell Murray, W.Brentwood 8mith. J. E. llulshizer. Exec Com E. J. Curley, W. P. Ward, Amory
O. Hodges. Seo.-Treas., B. W. Jones. Otfl., 120 B'way, N. Y.-(V. 80, p. 1915.)
i
—
Dominion Coal
Co..
Limited.— Organization.— Incorporated
In 1893.
The lease to the Dominion Iron
Steel Co. made In 1S02 was annulled as of June 30, 1903. V. 77, p. 2342. As to new contraot for
supplying coal to the 8teel Company, expiring 1992, see V. 77, p. 772,
826; V.78. p. 1117; contraot with Mass. Gas Companies, V.75, p.1257.
Output calendar year 1904, 3,023,522 tons; in 1903, 3,147,766 tons.
For 6 mos ended June 30, 1905, reported as 1,367,275, against
1,505,781 In 1904.
&
Stocks and Bonds.—Common stock, $15,000,000. Stc okholders,
Apr. 17. 1905, authorized $3,000,000 of 7 p. o cum. pref stock and
$7,000,000 of 35 year 5 p c. bonds. A syndicate purchased the new
pref. stock and $5,000,000 of bonds. The outstanding $3,000,000 of
8 p. o. pref stock and $2,435,000 of 6 p. o. bends were called and retired and the 11 ating debt paid. New bonds (Royal Tr. Co. Montreal,
trustee) are subject to call after May, 1910. Sinking fund of about
$79,000 yearly, beginning 5 years from their date, from which bonds
will be call d yearly at 105, beginning May, 1911. V. 80, p. 365, 1481.
The new preferred stock will be convertible, $ for $, into common stock
at holder's option to May 1, 1910, and thereafter be subject to call at
oompany's option at 125 and accrued dividend, and entitled in case
of liquidation to jar, 15 p. o. premium and accrued dividends in
preference to common stock. No additional mortgage can be made
without the oonsent of 51 p. o. of outstanding common stock. V. 80
1732. The plan reduced charges, including preferred dividends,
urlng first live years, to $460,000, against $730,137 in 1904 ana about
S.
$s55,O0O in 1903 Cape Breton real * st at debentures and Dominion
rolling stock debentures, $247,217 each.
Dividends -Old pref. paid in full to Jan., 1905. incl. (4% J. & J.) On
old common stock 4 p. o. Oct. 1, 1902; Jan. 1903, 2 p.c; Apr., 2 p. c;
July 2p o.; In Oct., 1^ p. c; 1904, Jan., 3 p. c; none later. First dlv.
on new pref. for period from May 12 to July 31, lfaOo, at rate of 7 p.
c. yearly Is payable Aug. 1.
V. 81, p. 214.
Report at length was given In V. 80, p. 877, showing net earnings
of $1,620,475 in 1904. against $1,756,023 in 1903 interest on bonds,
sink, fund, etc., $490,137; div. on pref. (8 p. o.), $240,000; bal., sur.,
$890,338.
President. James Ross, Montreal.
Directors Mar., 1904, V. 78, p.
1112.-(V. 79, p. 106; V. 80, p. 119, 166; 870, 877, 1365, 1481, 1732,
1
;
1915.)
Dominion Iron &
Steel
Co.— Organization.—Organized under
the laws of Nova Scotia on June 17,1899; is building iron and steel
works at Sydney, Cape Breton, to have, it is said, a dally capacity of
1,000 tons of steel. Owns four blast furnaces, open-hearth plant (live
of ten furnaces being in operation), billet mill, blooming mill, rod
mill, with oapacity of 250 tons daily, etc. See V. 79, p. 2203. The
rail mill, 400 tons daily capaolty, has been operated since June, 1905.
The plant will have 800 coke ovens (450 completed Jan., 1904). V. 76.
p. 544. V. 77, p. 149.
In Deo., 1903. the lease of the Dominion Coal Co. was oanoeled and
the floating debt largely reduced by cash received from the latter.
The proceeds of the $2,500,000 second mortgage bonds will be used
to complete the mills under construction and other improvements.
V. 77, p. 772, 826, 2342; V. 78, p. 1394; V. 80. r- 1481.
Stock.— Common, $20,000,000, all Issued; 7 per cent cumulative
preferred stock ($5,000,000) subjeot to call at $115 per share or con-
vertible into common stock, at holder's option. V. 72, p. 778; V. 74,
p.530. Bounty decision, V. 75, p. 1402; V. 77, p. 149; V. 79, p 502.
Div. on pf., 3^ p. c, Oct 1, 1901; in 1902, 7 p. o. (A.&O.); 1903, Apr.,
3*2 p. c.; none since to Apr , 1905. V. 77, p. 826.
Bonds.— Trustee of 1st mort., Nat'l Tr. Co. of Ontario, Montreal, Can.
Bonds may be purchased or called (drawn by lot) at 110 and in
erest for sinking fund or in such amounts as may be desired on July
1 yearly. V. 71. p. 1122. The $2,500,000 second mortgage 6 per cent
bonds mature $250,000 yearly on Oct. 1, beginning 1905. V. 76, p.
1251, 1357. 1410; V. 77, p. 149, 630, 826; V. 80, p. 1481, 2461. Real
estate bonds Dec. 31, 1903, $80,000.
Report. - Fiscal year now ends Dec. n 31. Report for year ending
Deo. 31, 1903, in V. 79, p. 2203, showing: Total net Inoome, $123,614;
interest and sinking fund, $584,653; div. on pref stock (3 1*! p. c),
$87,500; bal., def., $546,539. President. J. H. Plummer. Montreal;
Vice Presidents, Frederic Nicholls and L. J. Forget, Montreal.— (V. 80,
p. 1425 1481. 2461; V. 81, p. 33, 214 )
Eastman Kodak Co. (of
Jersey).—Organization.— In
oorporated in New Jersey Oct. 24,1901, as an amalgamation, per
plan V. 73, p. 1114, of various operating companies, of which it owns
praotically all the stook. See list V. 67. p. 1160, 1207; V. 69, p. 387;
V. 75, p. 735. 613; V. 77, p. 253. 300; application to list, V. 80, p. 1477.
Stock authorized, common, $25,000 000; pref. (also as to assets) 6
p. c. cumulative, $10 000,000; outstanding, common, $19,524,700;
pref., $5,990,700. No bonds. Dividends on pref.. in full to July 1,
1905, inclusive (paid Q. J.). On common, Oot., 1902 to July 1 , 1905,
inoluslve, 10 p. c. yearly (21b p. c. Q. J.)
Report foroal. year 1904, V. 80. p. 1477. sbo wed: Net profits. $3.339,148; dividends. $2,281,366; bal., sur., $1,057,782.
President,
Georee Eastman; 1 st Vice Pres. and Treas.. Henry A. Strong; Secretary, Walter S. Hubbell.— (V. 80, p. 1365, 1425, 1477.)
New
Edison Electric Illuminating Co. of Boston.— Organiza-
tion.- Incorporated in 1886.
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and
Payable
Whom.
Cent.
7
$3,000,000
5,000,000
7,876,000
g
i
2,500,000
19.524,700 10 in '04
6
5,990.700
10
10,444,500
& Power AND CONSOL Gas
1902
In 1903 controlled entire electric light
business of city. V. 75, p. 1251; V. 76, p. 1251, 1303; V. 81, i». I.s7
Stock.— Stockholders w*re offered the right to Deo. 15, 1904.
to subscribe for $1,045,000 new stock at $200 per share, payable 25
p. c. on Jan. 18, 1905 (or optionally in full on that date), and balance
16,249,425
1,774,000
2,281,400
2,500,000
3,125 000
3,125 000
6,540,000
1,500,00"
12,000 000
4,911,000
on May
447
&
F.
M.
J.
A.
Dividend.
See text.
A.
& N. N.E.Tr.Oc.Bos.&Mont. May 1,
A J. Bank of Montreal, Can. July 1,
To Oct.,
Montreal, Canada.
& O
July l.'05,2>«
July 1,'Oft. l»s
Aug. 1, '05,21s
Q.-J.
By
y.-F.
1940
1929
1914
check.
Co. OF N. Y.
5 in 1904
6
Q.-J.
M. & N.
3 in 1905 J. & J.
6 in 1904
Deo.
8 in
an nan — friuoi
pal.When Due.
by Stocks— Laet
-
1901
5
g.
4g.
J.
J.
J.
3 in 1905
5&6g.
& D
& J.
&
J.
Checks mailed.
N. Y., Morton Tr. Co.
&
,
I
..
J.
Nov., 1905
July 1 *05, Us
Deo. IT 04, 6%
J'ne, 1905, 3%
N. Y. Security & Tr. Co. Jan. 1, 1928
Philadelphia.
Jan. 1. 1925
Checks mailed.
F«b.
J.
Julvl, '05,11*
I
Feb. 1,'05.
..
N. Y., Guar. Trust Co.
July
1,
3%
1931
1905, raising the amount outstanding to $11,489,100. V.
V. 77, p. 149, 1743, 2392; V. 79, p. 215.
Dividends.— In Feb., 1901, 3 p. c, including 1 p c. extra; May,
1901 to Aug., 1905, both inclusive, 10 p. o. yearly (paid Q.-F.)
Bonds.— Bonds are $289,000 Boston Electric Light 1st 6s (int.
M.&S.) due Sept. 1, 1908; $961,000 first oonsol. gold 5s (authorized
issue $1,250,000), due Sept. 1, 1924; $50,000 SomerrilleEleo. Light 5s,
due 1913, and $17 000 Woburn Light, Heat & Power Co. 6s, due
1918 int. A. <te O. at Mercantile Trust Co., Boston.
Report.— Report for vear ending June 30, 1904, In V. 79, p. 2083:
Year.
Net. Other inc. Interest. Divid'ds. Bal., sur.
Gross.
1903 04,$3,125,517 $1,115,826 $37,396 $102,408 $973,405 $77,409
1902-03. 2,667,809
61,255
984,724 32.502 151,303 804,668
Officers.— President, Charles L. Edgar; Treasurer, Henry B. Cabot.
Office, 3 Head Place, Boston, Mass.
(V. 79, p. 2207; V. 81, p. 157.)
Edison El. 111. of Brooklyn.— See Kings Co. El. L. & Power.
York.— See N. Y.
Edison Electric Illuminating Co. of
Edison Co. under Consol. Gas of N. Y.; also April, 1899, Sup.
Electric Boat.— Electric Co. of Amer.—See page 460.
Electric Storage Battery.— Incorporated in 1888 under laws of
New Jersey. Owns basic patents for storage batteries. (V. 69, p. 76,
850.) Acquired in 1899 $6,364,600 stock of Electric Vehlole Co. and in
Oot 1902, an English co. V. 75, p. 908; V. 76, p. 657, 921; V. 77, p.
34, 91. Statement showing properties, etc., V. 77, p. 34; V. 76. p 868.
Stock, Etc.— Stook authorized, $18,000,000; outstanding, pref.,
1 p. c. cum., $329,200, convertible Into common stook share for
After 1 p. o.
share; common, $15,920,225; par of shares, $100.
on preferred, common and preferred share equally. On common, Apr.
1, 1901, to July 1, 1905, both incl., 114 p. 0. quar. (Q— J.).
Earnings.— Statement for calendar year 1904 in V. 80, p. 1233,
showed total net earnings, $1,082,909; dividends paid, $812,435; bal.,
surplus, $270,473; total sur. Deo. 31, 1904, $3,198,864. See also report
tor 1900 in V. 72, p. 578. President, Herbert Lloyd; Sec. and Treas.,
Walter G. Henderson, Phila.
Directors, May, 1903, V. 77, p. 34.
OfHoe, Allegheny Ave. and 19th St.. Phila., P* —(V. 80, p. 1233.)
Electric Vehicle Co.—Organization.— Incorporated in 1897
under the laws of New Jersey. V. 70, p. 1197, 1252; V. 71, p. 1169.
See V. 69, p. 850. As to status In Sept.. 1901, see V. 72, p. 495. De
oision upholding Selden patent, eee V. 76, p. 754; V. 77, p. 253.
Securities.— Common stook authorlzed$ll.000,000; issued$ 10,450,000; pref., 8 p. 0., non-cum. $9,000,000, of which $8,145,000 outstanding. Par of shares, $100.
After 8 p. 0. on common, dividends are
to be divided pro rata between the common stook and the preferred
stock. Electric Storage Battery Co. in May, 1903, owned $3,152,300
pref. and $3,212,300 common stook, and $544,000 bonds
Dividends.— On pref., April, 1899, 8 per cent; April, 1900, 2 p. 0. On
common, in 1899, 8 p. c. None since. Last report in V. 69, p 850.
Pres., M. J. Budlong. Executive committee: Philip T. Dodge, H.
H. Vreeland, Albert Taylor, Grant B. Schley Jr., M. Gavin 2d, W. O.
Knudsen.-(V. 77, p. 253; V. 79, p. 1464.)
Empire £teel and Iron Co.—See page 460.
Equitable Gas Light (of N. Y.)— See Oonsol. Gas Co.
Equitable 111. Gas Light of Phila.— See page 460.
Erie Telegraph
Teleph.—See West'n Teleph. & Telegraph Co.
2,
79, p. 2207.
New
,
Erie
&
& Western Transportation
Co.— Organization.— Owns
grain elevators and freight warehouses, at
Chicago, 111., Buffalo, N. Y., and Erie, Pa., and vessels plying on the
Great Lwkes, all used by the Pennsylvania RR which Jan. 1. 1905,
owned $2,499,650 and Northern Central Ry. $500,000 of the $3,000.000 stock. Bonds are guaranteed by toe Connecting Terminal RR. of
Buff.lo and Western Warehousing Oo. (of Chioago). V. 70, p. 432,
V. 80, p. 711. For 10 years ending Deo 3
1903, dividends were at
the rate of 4 to 5 per cent yearly; average gross earnings were $271,854. -(V. 80, p. 711.)
Fairmont Coal Co.— Organization.— Incorporated in West Virginia June 19, 1901, as a consolidation of 11 of the leading coal companies in the Fairmont. W. Va., ranges along Monongahela River, on
B. & O. RR. Owns 30,280 aores of coal lands and rights and about
4,030 acres of surface; also 24,936 acres under perpetual lease. See
V. 74, p. 98, 431. The Consolidation Coal Co.of Maryland (see above)
which also controls the Somerset Coal Co., owns $6,001,200 of the
$12,000,000 stock. The Fairmont owns $2,203,300 of the $3,000,000
Clarksburg Fuel stook and $1,350,000 Northwestern Fuel Co. stock,
and $1,125,100 of the $2,250,000 Pittsburgh & Fairmont Fuel Co.
stock (the last named acquired Deo.. 1904). V. 78, 1272; V. 79, p.
2699. Clarksburg Fuel Oo. (report for 1904, V. 80, p. 1478) has outstanding $2,035,000 1st 5 p. 0. and $393,000 six p. o. bonds, and the
Pitts. <& Fairm. Fuel Co. (report for 1904, V. 8'\ p. 1478), $1,300,000
of an authorized issue of $1,500,000 ($5t0 each) 30-year gold 5s, due
July 1, 1933, Int. J &J. at Empire Trust Co., N. Y. Tonnage mined In
1904, 3,750,176 tons; in 1903, 3,691,783 tons.
Bonds.
Date.
Int.
Outstand'g,
Maturity,
American Coal <fe Coke
1901 6 F&A
$190,000
Briar Hill Coal & Coke M.... 1900 5 J&D
235,000
Fairm. 1st M. of 1901 ... ... See table at top of page.
Of the 5s of 1901, $425,000 are reserved to ret re tha underlying
bonds and $359,000 to retire the 6s of 1901. Sinking fund ot bonds,
2 cents per ton of coal mined
Car trust notes Dec. 31, 1904,$2ll,080.
Diiidends.— Divs. Feb. 1, 1904, vs p.
Feb. 1, 1905, 3 (incl. extra).
Report.— Report for year ending Deo. 31, 1904, was in V. 80, p.
1361
Year.
G~ois
Other inc. Oharges.
Net.
Divid'd. Bal., sur.
1904 $3.T 54,1 52 $8*4,204 $332,333 $512,602 $360,000 $283,935
1903.. 5,197,6*6 1,769,055
543.10L
357,013
240,000 1,342,963
Pres., O. W. Watson. (V. 78^e? 290; V. 80,p. 225, 474, 1178, 1361.
terminals, iuclurting
,
1 ,
M
;
.
:
INDUSTRIAL STOCKS AND BONDS.
448
MISCELLANEOUS.
Date
Size, or
Amount
Par
Tor explanation of column headings, &c.,see notes on of
Bonds Value. Outstanding
first page of tables.
$100 $22,972,663
General Asphalt— Stock, $13,139,663 Is pref
...
100
7,410,300
General Chemical Co.— Common stock, $12,500,000
100 10,000,000
Preferred stock, 6 per cent, cum., $12,500,000
100 48,'255,2'0
General Electric— Common stock, $48,325,500
2,049,400
Debentures for Sprague stock, $2,500,000, g., red. text.o 1902 100 <fec,
1,000
2,192,000
r 1890
Girard Point Storage— 1st M.,gu. p. &i. Pa. KR
10
8,640,000
Greene Consolidated Copper Co. Stock
1902
7,500.000
1,000
Havana Co.— Bonds, $10,000,000, gold
Hoboken Ferry— See N. Y. & Hoboken Ferry.
Illinois Steel— Bee United States Steel Corporation.
100 120,000,000
International Harvestei Stook, $120,000,000
100 49,932,735
Internal' I Mercantile Marine— Stock, com., $60,000,000
100 52.255,970
Preferred stock, 6 per cent, cumulative, $60,000,000..
1,000 20,000.000
Int'l Nav. 1st M., g., $20,000,000, sub. call text.FP.c* 1899
50,000.000
af.5 yrs.IN.c*<fer 1902
I.M.M.col tr. deb., $75,000,000, red.105
£337,200
r
Fred. Leyland & Co. 1st mortgage debentures
100 17,442,800
International Paper— Stock, common. $20,000,000
100 22,406,700
Pref. 6%, cum., $35,000,000 (underlying bonds, text).
1,000
9,747,000
1st oon.M.,$10,000,000, g. red. af.'07 at 105.oonv.U».o* 1898
5,000,000
Con. M., $10,000,000, gold.red. s. f. oonv., text.Col.o*
—
,
F
Federal Mining & Smelting Co.—Organization.— Incorporated under laws of Delaware Jane 25,1903. Owns silver-lead mines
in Cceur d'Alene distriot, Idaho. Has six year oontract, expiring Sept.
1, 1909, to sell entire output of present mines to American Smelting
& Refining Co. See V. 79, p. 2694, 2089; V. 77, p. 203. In May. 1905,
the Ameiican Smelters' Securities Co. (controlled by the Amer. 8m. &
Ref Co ) acquired control V. 80, p 1974.
Stook authorized, common, $10,000,000; preferred (as to assets and
dividends), 7 per cent cumulative, $20,000,000: outstanding, common, $5,')00.000; preferred, $10,000,000; par of shares, $100 eaoh
Preferred has no voting power except in connection witli inorease of
preferred stock. No bonds Dividends on preferred,
p. 0. quarterly (Q.-M. 15) to June 15, 1905, inclusive. On common Ik p. c quarterly (Q.-M. 15). Judo, 1904 to June, 1905, both Inclusive, and in Mar.
and June, 1905, 1 p. c. extra each.
President, Charles Sweeney; 1st Vice-Pres. and Chairman, Edwin
Paokard; Treas., Bruce Clendennlng; Secretary, Frederick J. Kilner,
W
32 Broadway.— (V. 80, p. 1974.)
Fisheries Co.— See this Section for April, 1904. V. 80 p. 2461.
General Asphalt Co.— Organization — Incorporated in New Jersey on May 19. 1903, as suooessor of the National Aspha.t Co., per
plan V. 75, p 188; V 76, p. 1145. Properties, V. 79, p. 101, 2586, 2699;
Direotors, V. 77, p. 403.
Office,
V. 80, p. 2218.
Stock.—The preferred stook has preference as to assets in case of
liquidation and is limited to dividends of 5 per cent per annum (cumuit is convertible at any time, at the option
lative after 2 years)
oommon for
of the holder, into common stook, on the basis of #1
$100 preferred, but will be subject to oall at any time after 3
years at 110; $7,000,000 of the $17,000,000 common is reserved
toward conversion of pref., limited to $14,000,000. See V. 79, p. 2586.
Voting Trust.—Stook is vested for ten years in five voting trustees
via., Rudulph Ellis, William F. Harrity, Alvin W. Kreoh, Henry Tatnall and George R. Turnbull, but the trust may be dissolved in whole
or in part at any time by unanimous consent, or after seven years as a
whole, In the discretion of a majority of trustees.
Bonds of subsidiary oompanies: $882,100 Barber Asp. Pav. deb. 6s,
due April 1, 1916, subject to call at par, beginning 1906
$1,710 595
New Trinidad Lake Asphalt debenture 6s, due Jan. 1, 1930. V. 70, p.
also securities owned. V. 73, p. 290
993; V 71, p. 545; V. 79, p. 101; see
Report.- Report for year ending Apr. 30, 1905, in V. 80, p. 2218,
showed result for 12 mos. ending Jan. 31. 1905: Total gross Income,
$10,478 418; net Income, $1,721,032; interest, taxes, bad debts, etc,
$871,945; profit for 12 mos., $849,087; from whloh was charged off
;
;
$136,092
Officers.— President, John M. Mack; Vice-Prests.. Avery D. Andrews and Arthur W. Sewall: Seoretary, Ira Atkinson; Treasurer, Clyde
Brown. Offloe, Land Title Bldg., Phila.— (V. 80, p. 2223; V. 81, p. 214.)
General Chemical Co.—Organization, Etc —Incorporated in
New York on Feb. 15, 1899, as a consolidation of the Niohols Chemical
&
Co., N. Y., and others.
Co., N. Y., James L.Morgan
Oflioial statement, V. 74, p. 1093; V 73, p. 724.
V. 68, p. 571.
Report.— Report for year ending Deo. 31, 1904, with balance sheet,
in V. 80, p. 598, showed Net profits, $1,314,748; charged off, $285.609; dlv., 6 p con preferred, $600,000; bal., sur., $429,139. On pref.,
Oot., '99, to July, '05, both lnol., 6 p. o per ;m. (Ha Q.-.I.) On oommon,
:
1900, to 1902. both lnol.. 4 p. 0. y'ly; In '03, 5 p 0. (Q.-M.); for '04 dlvs.
on com. were passed. V. 78, p. 822
Officers.— Pres., William H. Nichols; Treasurer, James L. Morgan;
Bee. J. Herbert Basra:. N. Y. 25 Broad 8t.-(V. 80, p. 598, 1000.)
General Electric Co.—Organization.— Organized under a speolal
charter of New York, Apr. 15, 1892, and manufactures outfits for electrio railways and all kinds of electrical supplies. In 1896 pooled patents with Westinghouse Eleotric <fe Mfg. Co. V. 62, p. 502, 635, 1040; V.
65, p. 151; V. 68, p. 1024. (See V. 68, p. 927). V. 70. p. 6^9; V. 80. p.
1481. Contraoi for power, V. 72, p. 583. In June, 1901, obtained controlling interest In British Thomson-Houston Co.. Ltd.. of Loudon. V.
72, p. 1283. In Feb., 1903, about $2,900,000 of the $3,000,000 stook
of Stanley Electric Mfg. ( o. was purchased. V. 76, p. 437. Owns entire stock of Eleotrloal Securities Corporation. V. 79, p. 1706, 2645.
Owns the rights for the United States under patents covering Curtis
steam turbine engines. V. 76, p. 1195; V. 77, p. 2161. Co-operates with
Am. Locomotive Co. in building of electrio locomotives. V. 79, p. 1022.
Stock.— On July 15, 1902, a stock distribution of 6623 p 0. >was
made, thus restoring the 40 per cent surrendered in 1898. See V. 74,
In 1904 the shareholders subp. 729, 777. 1199, 1252; V. 75, p. 32.
scribed at par to $4,377,300 new stock. V. 78, p. 1277, 1964.
Dividends—
1899. 1900. 1901. 1902. 1903. 1904.
1905
9
3
6^
8
8
8 lnol July,6
Debentures.— In 1902 $2,049,400 debenture bonds were Issued, redeemable on or before Aug. 1, 1912, at par and thereafter at 105 in
exchange for greater part of Sprague EleotricCo. stook. V. 75, p. 139.
Annual Report.—Annual meeting Is held the second Tuesday In
May. Report for 1904-05 was given at length in V. SO, p. 1726, 1735.
J
Peroent....<
Tear etui.Jnn.81—
11)05.
1004.
Ueductr-
1905.
Income— Sales.. $89,23 1,328 $41.W9,«18 Op.exp.&taxes..$83,62«,136
Royalties, etc.
Int.
and
Sale of
disct..
secur.,,\c.
Total.
..
165,717
844.3M1
281,928
760,797
194,746
138,644
*40,323,3B4 $42,783,804
0\
Int.
on debent...
1904.
*34,fllH,427
75,672
76,007
Bal.fordlv.,&0. $6,719,ft46
$7,789,370
as above, $6,719,546; cash dlv. on stock, $3,684,384; total surplus Jan. 31, 1904, $7,293,689; deducting $759,654
from patent account, leaves total surplus Jan. 31, 1905, $9,569,197.
Cash Jan. 31. 190">, $6,529,116; recounts receivable and work In
progress, $18,757,254; stocks, bond^ real estate, etc, $14,848,249;
aocounte payable, etc., $1,689,806.
Balance 1904
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks—Last
Cent.
Payable
Whom.
Dividend. %
,-M. New York, 25 Broad St Deo. l,'03,m
See text.
6
do
See text. See text N.Y., J.P.Morgan
o g- F.
4iag. A.
4
J.
&
&
&
July
6g.
5g.
F.
J.
;
&
&
&
1, '05.
m
Nov.10,'04,4%
Feb.
1,
Oct. 1,
1929
1922
D.
Checks mailed.
do
do
A.
N.
Y
.
Met. Tr. Co.
York.
New
J.
C. A. Coffin; Treasurer,
N. Y.
& Co.
A.. N. Y., Company's office.
Co.
O. N.Y., J.P.Morgan
Q.-J.
6
Officers.— President,
V
do
J.
8 in 1904 Q.-J..15 Check from Co.'s office. Jalyl5,'05,2%
F. & A. N.Y., Gu.Tr. Co., & Bost. Aug. 1, 1942
313
Philadelphia.
A. & O.
Oct. 1 1940
See text. li-mon.
J'ne20.'05.4%
5 g. J. & D. N. Y., Morton Trust Co June 1, 1922
Sec. M. F. Westover
1905,
[Vol. lxxxi.
July 1, '99, 1%
July 1/05, Ha
Feb. 1, 1918
Jan.
1,
1935
Henry W. Darling;
44 Broad St
New directors May,
1277; V. 80, p. 1915.— (V. 80, p. 1726,
office,
76, p. 1088; V. 78, p.
17115,1915.)
Glucose Sugar Refining Co.— Bee Corn Products Co.
Gold & Stock Telegraph Co.— See Western Union Telegrapb[.
Grand Rapids Gas-Light Co.—See Amer. Light & Traction.
Great Lakes Towing Co.— See page 460.
Greene Consolidated Copper Co. (Cananea, Mex.)—Incorporated in West Virginia Sept 15,1899. Stook, $8,640,000; par of
shares $10; no bonds. Dividends: In 1901, 4 p. c; in 1903, 6 p. c; in
1904 13 p. c; in 1905, Feb. 20, 4 p.
Apr. 20, 4 p. c; June 20. 4 p. c.
Report for year ending July 31, 1904, in V. 79. p. 2203, showed:
Total net profits. $1,797,764; charges and depredation, $830,437; dividends (6%), $518 400; bal., sur., $448,927. President, W. C Greene;
Vice Pres
Mark L. S perry; Secretary, Geo. S. Robbins. Offloe,
24 Broad St., N Y.— ( '. 80, p. 1481, 1732, 2461.)
Hackensack Water Co.—V. 75, p. 1205, 1964; V. 79, p. 2799.
Havana Fobacco Co.—See page 460.
Herring-Hall-Marvln Co.—See p. 460.
Hudson County Gas.— See index Street Railway Seotion.
International Harvester Co.—Incorp. in N. J. on Aug 12, 1902,
and bought out five concerns manufacturing agricultural machines:
Deering Harvester Co., MoCormiok Harvesting Machine Co., etc. Also
has large new plant in Canada, timber lands, coal, ore, blast furnace and steel properties. V. 75, p. 345; V. 77, p. 454, 1 877.
Stock. Stock Is held in a voting trust, the voting trustees being
Perkins, Chas. Deering and Cyrus H. McCormlck, V.78, p. 1112
Geo
Dividend.— In Nov., 1903, 3 p. c; Nov., 1904, 4 p. c
Officers.—Chairman of Board. Charles Deerlie; President, Cyras H. McCormlck; Vice-Presidents, James Deering. Harold ft McCormick. J. J.Gleiiner and William H. Jones: Sec etary and Treasurer, Richard K.Howe; Chairman Finance Committee, Geo. W. Perkins; Chairman Executive Committee
J. J. Glessner. General Office, 7 Mouroe St., Chicago.— (V.74, o. 2460.)
International Mercantile Marine Co.— Organization, Etc.
—Formerly Internat. Navigation Co., acquiring Oot. 1, 1902 (per plan
V. 74, p. 888, 941, 1093; V. 75, p. 1089, 1305), on Deo. 1, 1902, White
Star, American, Red Star, Atlantlo Transport, Dominion and Leyland
UneB, having an aggregate gross tonnage then built or building of
1,079,732 tone (134 ships). V. 79, p. 158, 159.
As to agreement with German lines, see V. 74, p. 1255; relations
with English Government, V. 75, p. 735; V. 76, p. 975; V. 77, p. 301.
Stock and Bonds.— Of the stock, $10,067,265 com. and $7,744,029
pf., at last accounts, remained In the treasury (see V.78, p. 1220.) The
new 413 per cent debentures are subject to call at 105 after 5 years.
The International Navigation 5s are subject to oall at par after 1909
and a sinking fund of $250,000 to $500,000 will retire them annually,
beginning May 1, 1905. There are £257,306 Dominion Line debentures.
Report.— Report for year ending Deo. 31, 1904, in V. 81, p. 262,
showed: Total gross earnings. $28,846,992; net $1,806,407; Int. and
income tax, $3,845,5%6; add surplus Insurance account, $-97,052;
bal., def., for year. $l,14v!,097.
In 1903, gross, $31 037.419; net,
$4,000,521. President, J. Bruce Ismay.
Director*.— Americana.— C. A. Urlscum, P. A. B. Wldener. Percy Chubb, John
I. Waterbury, E. J. Berwind, George W. 1'erklns, James U.Hyde Charles Steele.
British Vommittee— Sir Clinton E. Dawklns, Rt. Hon. W. J. Plrrle, Henry
;
.
W
Wilding, J. Bruce ismay.
fHnanc< 0..mmtttee.— J. Bruoe Ismay, C. A. Grlscom. and Sir Clinton E.
Dawklns P. A. B. Wldener, E. J. Berwind, Charles Steele, George W. Perkins,
Percv Chubb.
Offloe,
9 Broadway, N. Y.
(V. 80, p. 1426, 2462; V. 81, p.
262.)
International Nickel Co.— Seepage 460.
International Paper.— Incorporated Jan. 31, 1898, and took
over by purchase twenty five of the principal pulp and paper mills of
the U. S., see V. 81, p. 2623; V. 67, p. 428 and V. 69, p. 494; also applications to list in V. 67, p. 1359, and V. 68, p. 726; V. 80 p. 1482.
Daily output about 1,500 tons. See prospectus in V. 66, p. 288 and
V. 67, p. 177. also official statement V. 69, p. 281. The Continental
Paper Bag Co., a majority of whose $5,000,000 stook is owned; owns
a factorj at Rumford Falls, Me.; with capacity 10,000,000 bags daily;
first (quar.) dividend, 1 p. c, paid in June, 1905. V. 70, p. 742; V. 69,
p. 494, 908; V. 73, p. 786; V. 80 p. 2624. The American Realty Co.
took over some 250,000 acres of land in Maine from International and
made a mortgage for $500,000; outstanding, $439,000. V. 75, p. 1205;
V. 79, p. 2207.
Dividends.—On pref., July,1898, to July, 1905,lnoluslve, 6 p.c yearly
(l 1^ quar.) On Deo. 31, 1898, paid on common, 1 p. c; in 1899, 2
p. c; none since to July, 1905. V. 69, p. 593, 957; V. 72, p. 1037.
Bonds.—The consol. 5s of 1905 ($10,000,000 authorized issue), of
which $5,000,000 has been sold to reimburse the treasury for surplus
earnings used for improvements and to provide additional working
capital, are secured by mortgage or pledge on all property and stocks
of other corporations owned. They are convertible on any hrerestday
beginning July, 1907, and before 1917, into preferred stock at par. A
sinking fund of 2 p. 0. of all bonds ever Issued is payable yearly, beginning 1907, for whloh bonds are subjeot to oall at 105 and Interest
after 1909. The remaining $5,000,000 bonds are reserved for future
purposes V. 79, p. 2699; V.80, p. 119, 225; see ap. tolist.V.80, p 1482.
The consols 6s of 1 898 are convertible at holder's option on any Feb 1
or Aug. 1 before 1910 into preferred stook at par; they oover all "afteracquired realty." A sinking fund of $150,000 is payable yearly on
Feb. 1, 1905, and thereafter from surplus earrings of preceding year,
for whloh bonds are subjeot to oall at 105 and Interest on Feb. 1 and
Aug. 1 after 1907. Consols are reserved to take up $253,000 Otis Falls
issue below named. In addition to consols there are outstanding
.
July,
.
INDUSTRIAL STOCKS AND BONDS.
1905.]
MISCELLANEOUS.
For explanation of column headings,
first page of tables.
Date
&o., see notes
on
International Salt—Stock, $30,000,000
M., g.,$12,000,000,Csi*i,red. at 105, s.f.,$200,000 yrly.
International Silver— Stook, common, $11,000,000
Stock, preferred, 7 per cent, cumulative, $9,000,000.
Dividend scrip (V. <6,p 106)
1st M., $4,500,000; s. f., called at 110, beg. 1901. N..c*
Debentures, $2,000,000, gold, redeemable at par ...
Internal. Steam Pump Co.— Com. stock, $18,500,000. Col
Preferred stock. 6 per cent, cum., $12,500,000. Col....
Deben $3,500,000 (conv.into com.s'tk) red 105 beg '08
Size, or
Par
of
Bonds Value. Outstanding
,
p. c.
cum.
4,500,000
9,944 700
6,607,500
1,085,343
3,647,000
2,000,000
13.262,500
8,850,000
3,500 000
2,000,000
700,000
4,000.000
5,000,000
2,500,000
5,176,000
4,275,000
15,000,000
10,000,000
See text.
10,000,000
6,000,000
1,000,000
40,000,000
"Too
100
1898
1903
i'boo
1,000
100
100
1903
1,000
100
(see also text)...
HollyMfg.,l8tM.,$700,000,g.,gu.p.<fci.end (V 73,p.lll7) 1901 100 &o.
Keystone Teiep.Oo ,PhUa 1st M. $10,000,000 g.red.text 1905
100
King* County Electric Light a Power— Stook, $10,000,000
c 1897
1,000
1st mortgage, gold, $2,500,000. Col
Puroh. mon. M.,g.,seo. by Ed. stk &o.(V.76,p.47)Ce.c 1898
1,000
Edison El. IlL.oons. M., now 1st, $10,000,000, g.ITIo.c 1898
1,000
Steel— 1st M., g., red., convert., text.F.. .c
1903
Lackawanm
1,000
Five-year secured gol i notes, $ 1 0,000,000, red. at par 1905
1st oonsol. M., $30,000,000, gold, red. 105 aft. Mar., '15 1905
—
,
0*
Laclede das Light— 1st mortgage, gold Ce
Refunding and extension mort., $20,000,000, gold...o*
Coupon notes, gold
Lake Superior ( orporation— Stock, $40.000.000
1st mortgage, $10,000,000. gold.Csm
Income mortgage. $ i,000,000, gold
Mion. Lake Sup. Pow.lst M.,g.(V. 69, p. 336; V.76,p.754)
A
1.
Paver vurch. money.
0B °*.e ,' C U m e '. *.8t
Interest.
Int.
^?.
.
.
^
.
.^
m""
"
.
??.' }
4K-
(
2.
old bonds
s. i
Outst'ing.
M-S N.Y. ,Met.Tr.Co.
F-A
do
do
'
On'tarioPaper, ist
6g.
Rumf'rd Falls Sulphite 1st M. «g, J-J
Piscataquis Falls Paper, 1st > 4({> F . A
M.
Where paid.
do
do
1889 100 &o
1904
1,000
1901
1,000
100
1904
1,000
1904
1,000
1899 500 &o
Maturity.
$240,000 Sept. 1, '18
150,000 Feb. 1, '18
350,000 July 1, '18
183,000 Aug. 1, '18
do
ao
)
(
x issumed.)
N.Y., Manh.Tr Co. 1,600,000 Jan.
Subject to call at 106 after 19"7.
5
Paper
xOtii Falls Pulp Co. 1st M. >«g.M N Bost.,old Col.Tr. 2a3,000 May
Old Colony Tr. Co.. trustee. ) Subject to call at 105 for s. f.
6g.M-N N.Y.. ^ec&Tr.Co. 104,000 Nov.
x Remington Paper Co
6gM-S N.Y., Met.Tr.Co. 389,000 Mar,
Olcott Falls Co
x Hudson
Rlyer
Pulp
4>6g. J-J
1, '18
1, 'IB
1, '06
1, *19
Earnings.— For 6 mos. ending Deo. 31, 1904, gross, $10,469,615;
cost of raw materials, mfg., &c, $8,868,373; int.. taxes, &c, $517,271; div. on pref. (3 p. c ), $672,201; bal., sur., $411,770
Report.— Report for year ending June 30, 1904, in V. 79, p. 784.
Dividends.
Oosl raw ma- Interest,
Balance,
Gross
Fiscal
surplus.
income,
teri>its,mfg.etc. taxes, etc. (6%)onpref.
year,
1903-4 $20,304,514 $17,150,530 $1,092,323 $1,344,402 $717,258
1902-3. 20,142,771
16,529.310 1,082,927
1,344,402 1,186,132
Officers.— President, Hugh J. Chisholm; First Vice-President, F.
H. Parks; Second Vice-President, T. T. Waller; Treasurer, A. N. Burbank; Sec'y, E. W. Hyde. 30 Broad St., N. Y.— (V. 80, p. 2624.)
International Power Co.—See page 460.
International Salt Co.— Organization.— Incorp. in N. J. in Aug.,
1901, and acquired a majority of the stock of the* National Salt Co. and
Retsof Mining Co. per plan V. 73, p. 724; V. 75, p. 551, 736; V. 76, p.
755; V. 77, p. 1228. On May 25, 1904, the National Salt Company^
properties were purchased at judicial sale; successor Internat. Salt Co.
of New York with $760,000 stook. V. 78, p. 20 14; V. 80, p. 1056.
Coupons of 1903 were purchased by friends of the management, but
paid later by company. See V. 76, p. 755; V. 80, p. 1056.
Underlying bonds $200,000 |Hutchinson-Kansas Salt Co., due Jan. 1,
1912, and Retsof Mining Co., $1,000 gold 5s, due Oct., 1925, $2,500,000
(Int., J &J., at Knickerbocker TrustCo.,N.Y., trustee). Report for cal.
year 1904, V. 80, p. 1056. Pres., E. L. Fuller; Sec and Treas., M. M.
Belding Jr. Office, Scranton, Pa.; N. Y. office, 170 Broadway— (V. 80,
p.
1056.)
International Silver.—Organization, Etc.— Incorporated in
Nov., 1898, under laws of N. J. and acquired silver-plating properties
—see V. 67, p. 1160; also V. 68, p. 232, 334, 1024; V.76,p. 106. Also
has a large sterling silver output. See V. 68, p. 334, as to rights of
oapitalstock, plants, etc V. 67, p. 1160; V. 68, p. 1024; V. 71, p. ftf.
Stocks, Etc.— In Jan., 1903, purchased all the stook of the U. S.
Silver Corp., which had acquired $9,068,400 common and $515,800
pref erred stock of the International Silver Co. and all the stook of C.
Rogers & Bro. of Meriden, Conn. The Int. Co. issued in payment
therefor $1,500,000 pref. stock and $2,000,000 6 p. o. debentures.
V. 76, p. 106. Underlying bonds, $127,600 Holmes & Edwards 1st 6s.
Dividends on preferred, 13t per cent.paid April, 1900; in 1901, none;
Jan., 1902, to July, 1905, both incL, 4 per cent yearly (1 p. o. Q.—J.);
also in Jan., 1903, scrip for unpaid dividends (21 1* p. o.) to date, $1,085,343. V. 75, p. 1357; V. 76, p. 106.
Report for year end. Deo. 31, 1904, with bal. sheet, in V. 80, p. 1172,
showed net earnings, $904,017; int. on bonds, $332,593; dlv. on pref.
stock (4 p. o.), $263,080; depreciation, $167,458; bal., sur., $140,886.
Pres., 8amuel Dodd; Treas., Geo. M. Curtis; Office, 11 Maiden Lane,
N. Y. Directors, V. 78, p. 1277.— (V. 80, p. 1000, 1172.)
International Steam
Co.— Organization.— Incorporated on Mar. 24, 1899, under the laws of New Jersey as a consolidation of five companies estimated to do 90 per cent of the steam pump
business of the country, exclusive of high duty engines. Official statement in V. 68, p. 723; V. 72, p. 673; V. 71, p. S4S report V. 75. p. 82;
V. 76, p. 1146. New factory atHarrison. N. J., costing over $1,000,000.
was completed in 1904. V. 74, p. 1311; V. 75, p. 82,215; V, 76, p.
215, 1146; V. 79, p. 210.
Stock.—Div. on pref. Aug. 1, 1899, to Aug. 1, 1905, both lnol., 6 p. o.
per annum. Ha Q. J.; on common, July, 1901, to July, 1904,inol.,l p. o.
quarterly; Oct., 1904, ig p c; in 1905, Jan., k p c; Apr., k p. c in
July the dividend was omitted, V. 81 p. 34 The stock unissued is
set apart to retire the $2,000,000 7 p. c. cumulative preference shares
of Henry R. Worthington Co. and 4179,^50 6 p. o.'debentures and
$485,000 8 p. c pref. shares of Blake & Knowles Co. Holly Mfg. Co.
bonds, see V. 73. p. 1117.
Debentures.— Debentures are convertible into stock at option of
holder. V. 75, p. 1305, 1357: V. 76, p. 106, 215;
77, p. 2393; V. 81,
p. 268.
Pump
;
;
V
Report.— Report for year ending March 31, 1905, given in V.
81, p. 208. showed net profits, $1,332,935; dividend on preferred
j
on common (2k p. o.),
$306.*62; |bal., def.. $17,961. President, John W. Dunn; Treasurer,
Max Nathan; Asst. Treas., Arnold Tanzer. Office, 114-118 Liberty St.,
N. Y.— V. 80. p. 1916, 24o2; V. 81. p. 34, 1 52, 208, 268.
Iron Steamboat.—Seepage 460.
Jefferson 6c Clearfield Coal &. Iron.— See this Section for
(6 p. c), $531,000; interest, etc.,
1;
div.
«
Apr., 1905.
Kansas
$513,33
mo., Gas Co.— See page 460.
Keystone Telephone Co., Philadelphia.—Owns "inde jenCity,
dent" (of Bell) telephone system. Telephones In use in June, 1: >05,
about 17,000, and extensive conduit system, of which about 75
o.
to be leased to other companies. Stook, $2 500,000, at least a majority to be held in a 7 years' voting trust (Geo. H. Burnham Jr. of Philadelphia. Chairman).
Bonds ($10,000 000 authorized issue), see
table above, are subject to oall at 108, begmniug July 1,1908; $4,000,000 were sold to Fisk & Robinson of New York to pay floating
abt.
449
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Payable
Cent.
Whom.
$100 $15,000,000
1901
.
Worthington, pref. stook, 7
Amount
5g. A.
4 in 1904
6
g.
& O
J.
J.
&
Bmuit— Pr.m
pal.When On*
by Stocks— Last
See text.
Checks mailed.
Q.-J.
None
,
D. N.
Y„ Am.
Dividend.
Oot.
July
1,
1951
1, '05,
At
Ex. Nat. Bk, Deo.
1%
will.
1, 1948
1, 1933
do
do
Jan
& J
Checks mailed.
Apr. 1, '05,12%
Q.-J.
Q.-F. N.Y., Off., 114 Liberty. Aug. 1,'05, Ha
6g. J. & J. N. Y. Colonial Trust Co. Jan. 1, 1913
Cheeks mailed.
May 1, '05, 3k
7 per an. M. & N.
5 g. J. & J. N. Y. Ct. Real. B & T.Co Jan. 1. 1921
July 1, 1935
5 g. J. & J.
Checks mailed.
June 1/05,2%
8 in 1904 Q.-M.
A. & O. N. Y., Colonial Tr. Co. Oot. 1, 1937
II: A. & O. N. Y., Central Trust Co Oct. 1, 1997
Jan. 1, 1939
J. & J. N. Y., Morton Trust Co
A. & O. N. Y., Off., 100 Bdway Apr. 1, 1923
do
Mch. 1, 1910
M. & S
do
5
do
do
Mar. 1, 1935
M & S.
5
May 1, 1919
Q.-F.
N. Y., 30 Broad St.
5
do
do
Apr. 1, 1934
5
A. & O.
Feb. 1, 1911
F. & A.
do
do
5
6g
See text.
6 in 1904
,
.
%'
8500000
J.
& D
N. Y.,
Am. Ex. Nat Bk
June
Oot.
3,000,000 Up to 5% Oot. 1.
3.500.000 See text. M. & N, M'y'OS.cp.notpd.w.duel May
1,
1,
1,
1944
1924
1949
debt and for working capital; $2,^00,000 are reserved to acquire securities of other telephone companies under severe restrictions, and
the remaining $3. f 00,000 for future purposes at not over $600,000
yearly. See V. 81, 1 . 34. Year 1904 gross, $654,950; net available,
for interest charges. $257,116. Directors, July, 1905, V. 81, p. 268.—
(V. 81, p. 268.)
&
Power.— Acquired in 1898f
Kings County Electric Light
per plan In V. 67, p. 482, the entire $5,000,000 stock of the Edison El.
Ilium. Co. of Brooklyn, thus uniting all the eleotrio-lighting business
in Brooklyn, N. Y. See V. 69, p. 177, 957; V. 70, p. 483; V. rfO, p 2216.
Securities.—The stockholders voted July, 1905, to increase the
stook from $5,000,000 to$10,000,000, the new stook to be issued as
required. V. 81, p. 34.
The $5,176,000 purchase money bonds are seoured by deposit of
$5,000,000 Edison stock in trust, by a seoond mortgage lien on
the Kings County plant as now owned or hereafter acquired, and by
$1,000,000 cash guaranty fund to be invested in securities approved
by the committee— see V. 67, p. 482, 1309. As to Edison Co.'s oonsol.
mort'ge, see V. 67, p. 482, 842; V. 71. p. 493, 868.
Drvs.—June, 1900, to Mar., 1903, lk% quar.; since 2% quar.
Earnings.— Report for caL year 1904 in V. 80. p. 22 6 showed:
Net earnings of Edison Co. under lease, $660,501; interest from Investments, etc., $46,927; div. on stock (8 p.c), $321 508; bal., sur., $385.919. Pres., A. N. Brady; Vlce-Pres., Gen. Mgr. and Treas., W.
Freeman; See, J. H. Evans. (V. 81, p. 214.)
Knickerbocker Ice Co. of Chicago.— V. 80, p. 874, 1057.
Lackawanna Steel Co.— Organization.— Incorporated in New
York on Feb. 15, 1902. The properties (see V. 77, p. 34; V. 74, p. 1142;
V. 76. p. 1 61 437; V. 80, p. 19 1 6.) are:
(1) Plant situated at West Seneca near Buffalo. New York, to manufacture plate and all classes of structural steel and other materia's in addition to steel rails and billets, to have a capacity of not less than l,250,00o tons
1
W
,
of finished product per annum; (2) ore properties in Minnesota, Miohigan,
Wisconsin and New York, stated to have 5(5.000,000 tons of ore in sight; (3)
21,780 acres of bituminous coal lands (coal rights and in fee) in Pennsylvania,
blast furnaces and coke ovens at and near Lebanon, Pa., an interest in the
Cornwall RR. and Cornwall Iron Co., the first named being leased, and about
& J^ebanon RR.
oorunon, $60,000 000; par of shares
$100; of this, $34,971,400 is outstaniing, full paid, and $28,600 is
heldfor exchange, share for share, fo r Lack. I. & S stook; and $20,000,000 is reserved to retire convertible l.onds. V. 76, p. 869.
Bonds.—The first mortgage gold ,'is of 1903 (limited to $15,000.000) are secured by a first lien oa the West Seneca plant and the
stocks of other corporations owbod. They are redeemable at the
company's option at 107k and interest to Apr. 1, 1906, on 60 days'
notice, and convertible Into stock, dollar for dollar, at par, if not so
redeeme i, at the holder's option at anv time between Apr. 1, 1906.
and Apr. 1, 1915. V. 77, p. 34; V. 76. p. 437.
The 30-year 1st consol. 5s ($30,000,000 authorized issue) of 1905
cover all the property of the company owned or to be acquired, including the stock of the Negaunee mine. Of the bonds, #15.000,000 is reserved to retire the 1st 5s. For present needs, $10,000,000 five-year
5 per cent gold notes dated Mar. 1, 1905, subject to call on any interest day at par, were sold, seoured by pledge of $12,500,000 of the 1st
one-third of the stock of the Cornwall
Stock.—Stock authorized,
consols.
V
all
80, p. 225, 475.
There are also outstanding $1,775,000 Laokawanna Iron & Steel
30-year 5s, due Feb. 1, 1926, Farmers' Loan & Trust Co,, trustee, covering property in Pennsylvania. V. 76, p. 385.
Officers.- President, E. A.S.Clarke; Vice- Pres., Mioses Taylor; Treas.
J. P. Higginson; Sec, J- W. Farquhar; Comptroller, Marshall Lapham.
N. Y. office, 100 B' way.
Directors.— J. J. Albright, C Ledyard Blair. B. A. S. Clarke, Mark T. Cox,
Warren Delano Jr., G. R. Fearing Jr., B. S. Guinness, Edmuud Hayes, Adrian
IselinJr.. Samuel Maiher, J. G. McCulloogh, D.O.Mills. Moses Taylor Pvne,
William B. Reis. James Speyer. H. A. C. Taylor, Moses Taylor, H. McK.
Twombly. Cornelius Vanderbllt, Robert B. Van Cortlandt, Heni j Walters.—
(V. 78, p. 50, 106, 586, 771; V. 79, p. 1957, 2646; V. 80, p. &&, 475, ri64, 1916.)
•
Laclede Gas Light.— Organization.— Incorporated In 1857, and
n 1889 secured oontrol of all the other gas companies in St. Louis.
Opera tes under perpetual franchises. In 1896 the price of gas was
reduced from $1 18 to $1 per 1,000 feet for Illuminating and 80 cents
for fuel gas. Suits V. 66,p. 760; V. 70, p 534. In 1903 North Amer. Co.
acquired control and In Feb., 1905, acquired a portion of the minority interest. V. 76, p. 545,922; V. 78. p. 1273; V. 80, p 1000
Stock.—Preferred, 5 p. 0. cum., $2,500,000; common, $17,500 000
authorized; outstanding, $8,500,000; par of shares $100. V. 78. p.823.
DIVS.—
1 '95 to '97. '98. '99. '00. '01. '02. '03
1904.
1905.
Pf.5j(oum... \
7
5
June, 2k
Com.,
1
855555
334444
p.c.)
Below
lnol.
June,
2k
Common, 1904, Mar. 2 p.c.(semi-an.); June 1 p.c; Sept., 1 p.c; Dec,
p c; 1905, Mar., 1M p. c; June, 1*4 p. 0,
Bonds.— See application to Stook Exchange in V. 49, p. 657.
Of the refunding and extension 5s of 1904 ($20,000,000 authorized
issued; Bankers' Trust Co. of New York and Mississippi Valley Trust
Co of St. Louis, trustees), $5,000,000 have been issued, $L,000.000are
reserved to refund the outstanding bonds due 1919 and $5,000,000 for
not exceeding 85 p. 0. of cost of luture extension* and improvements.
See V. 78, p. 1273, 1395; V. 79, p. 1644;
80, p. 470.
annual Report.— For vear ending Feb. 28, 1905 (V. 80, p 1426),
V
gross earnings, $3,273,660; net, $1,378,777; L t. on bonds, $691,806;
bal., sur., $686,971; dlv. on pref. (5 p. 0.) calls for $125,0t/0, and 5 p.c
on common, $425,000 yearly. In cal. year 1903. gross, $2,425,448. N.
Y. office, 30 Broad St— (V. 80, p. 470, 475, 602, 1061, 1426.)
Lake Superior Corporation.— See page 460.
&
Lehigh Coal Navigation.—Owns oanal fron. Coalport to Easfcon, Perm., 48 miles, and leases Delaware Division Canal, 60 miles.
Also owns Lehigh & Susquehanna Railroad, Phillipsburg, N. J., to Union
.
1
.
INDUSTRIAL STOCKS AND BONDS.
450
MISCELLANEOUS.
For explanation of column headings,
first page of tables.
Date
&o., see notes
on
Size, or
Amount
Par
of
Bonds Value. Outstanding
[Vol. lxxxi.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Slocks— Last)
Cent.
Payable
Whom.
Dividend.
$50 $L7,378,500 7 in 1904 M. & N. Philadelphia, Offioe.
1864 Various
5,000.000
do
do
4*g
Q.-J.
1867 Various
do
do
1,992,833
4 g.
Q.-F.
1867 500 &c.
do
do
1,842,500
4 g. J.15&D.
Con.3dM.Canal.Coal&122in.RR.;2dM.26m.RR.FPr 1871
1,000
do
do
2,470,750
J. & D.
7
General mortgage for $15,000,000, gold.FP
r 1884
1,000
4*3 g. Q.— F.
do
do
3,686,000
Collateral trust for $1,500,000, gold
1895
1,000
1,500.000
M. & S.
do
do
o*
4^g.
Fd. & im. M., $7,500,000, g. (ser."A," $2,085,000) PIPc* 1898
1,000
See text.
do
do
J. & J.
4g.
Mackay Companies— Com. shares, $50,000,000 auth
100 41,^80,400 2 in 1805 J. & J.
Pref. shares, 4 per cent, cum.. $50,000,000 auth
100 35,96s,700
4
Q.-J. Old Col. Tr. Co., Boston
Manuf. LI. dk Qt— Stock, $50,000,000 (bonds, see text)...
50
Checks mailed.
21,000,000 6 in 1904 Q.-J.
Maryland Ooal— Stock, preferred (no bonds)
100
1,885,005 8ia in '04 J.30&D. New York, 1 B'dway.
Mass. Qas Companies — Common stock
100 25,000,000
•.
Preferred 4 percent, cum.. $25,000,000OB
100 25,000,000 4 in 1904 J. & D. Boston, Co.'s- office.
Mergenthaler Linotype—Stock authorized, $15,000,000.
100
11.000,000 15 in '04 Q.-M. N.Y., 114 Tribune Bld'g
Mexican Telegraph 8tock
100
1.912,600
10
Q.-J. N. Y., Office, 6fc B'way.
Milw. Oas-Liaht— Stock, $1 500 000 authorized
50
1380 150
6
J. * J.
1st M., gold, $10,000,000, red. at 110.Ce
1902
1,000
7,300,000
4 g. M. & N. S.Y., J. & W. Seligman
Mon. Riv. Con. Coal & C— Pref 7°+ non-cum., $10,000,000
Checks mailed.
50 10,000,000 See text. J. & J.
1st mortgage, $10,000,000, gold, s. f., see text.UPi. .c* 1899
1,000
9,255,000
6g. A. & O. Union Tr. Co. Pitts. Pa
Certificates of Indebtedness, due $200,000 yearly
1902
5,000
1,860.00
do
do
5
J. & J.
Montreal Light Heat <& Power— 8toek. $17.000.000
100 17 000 000
4
Q-F.
1st & coll. trust M,$7.E00.00i),g. red. 105 bet-.l912.c* 1902
1,000
4.633,000
4^g J. & J.
Lachlne M., $4 OOO.OCO g., s. f.. ied. 105 after 10 yre.c* 190J
1,000
3.407 000
5 g. A. & O.
Lehigh Coal
<£ Navigation— Stook, $17,378,500
1st M., canal, 6,030 acres coal and 76 m. L. & S. RK...r
lstM.,g.,Leh. <fe8us.RR.<V. 64, p. 41,)gold.FP
r
2dM.flstM.Nant.RR.] (V. 65, p. 367,) gold
c*
,
—
.
,
,
"
Junction, Pa., 105 miles, with branches, 60 miles, and leases for 999
years Nesquehoning Valley Railroad, 17 miles; Treskow Railroad, 7
miles; other lines, 17 miles total, 206 miles, of whioh 115 miles double
track but all these roads are leased for 999 years from 1871 to Central
of New Jersey RR., rental being 3313 per centof gross earnings, with a
minimum rental of $1.414,400. Delaware IKv.Oanalis\ea,B6&lor 99yea,Tg
from 1866. As to Lehigh
Delaware RR., see V. 78, p. 1109, 2388; V.
79, p. 906. In May, 1904, control of the Lehigh
New England RR.
was acquired. V. 78. p. 1785; V. 79, p. 2646.
Stock.— In Nov 1904, stockholders subsaribed for $1,577,200 new
stock at par, making amount outstanding $17,378,500. V. 79, p. 2150.
In Feb., 1905, $12,690,250 of the stock was deposited in a voting
trust expiring M arch 1, 1910 (R. Dale Benson, E. W. Clark Jr., Geo. H.
Earle Jr., George H. Frazier and Erskine Hewitt, trustees: Provident
Life & Trust Co of Phila., depositary), with power to sell at not less
than $135 per share. V. 79, p. 2646, 2699; V. 80, p. 166, 602.
Bonds.— General M. of 1884 covers 7,460 acres ooal land, 48 miles
canal and 161 miles railroad; bonds are reserved to retire all prior
issues. As to collateral trust bonds of 1895, see V. 61, p. 154. Of the
funding and improvement 4s, $1,500,000 was sold in Mar., 1905, to
funa 4>*s due Sept. 1, 1905, maklDg $3,536,000 out. V. 80. p. 1061.
The $1,418,600 Nesquehoning Valley RR. stook, for whioh an equal
amount of the 4s of 1898 is reserved, was called for payment on Sept.
1, 1904, and is held In the treasury. V. 79, p. 107. For mortgage of
1898 see V. 67, p. 125; V. 70, p. 428.
Jointly and severally with Cent. RR. of N. J. guarantees $1,062,000
Leh & Hud. River Ry. gen. 5s, prin. and Int. V. 67, p. 788.
;
;
&
&
,
Dividends—
'92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 1905
5ifl6 4ifl4
4 4
4 4 51* 6 5 6 7 May,4
Annual Rkport.— Report for 1904 was in V. 80, p. 1360. Coal pro
duoedin 1904, 2.245,044 tons; '03, 2,194,1 19 tons; '02, 1,112,127 tons.
Tear ending Dee. 31.
1904.
1903
1902.
1901.
Percent
From
/
5
$2,266,026 $2,244,232 $1,819,276 $2,157,088
def.159,457 def.69,039 def.77,036
def.9,077
Net profit on Leh. Coal..
601,417
730,032
393,349
201,096
Miscellaneous
223,3^2
203,879
217,510
225,822
railroads
Canals
'05,4
1914
1914
June 15, 1914
June 1, 1911
May 1, 1924
Sept. 1, 190&
July 1, 1948
July
Apr.
1,
1,
July 10, *05,
Julyl0,'05,l%
July2O,'05,li2
J'ne 30,'05,3>«
June" i, "'6% 2%
J'ne 30/05,21*
Julyl4.'05,2i«
Julf 1 '05,3%
May
1,
1927
Jan. '05,154%
Oct. 1, 1949
July
1.
1917
Aug.l5.*05 1%.
Jan. 1, 1932
Apr. 1, 1933
Mergenthaler Linotype.—Listed in
1898. Report for 1903-04
total net profits, $2,383,296; dividends (15p. 0.), $1,500,000. Statement as to rival companies, V. 67, p. 371.
The stockholders voted Feb. 20, 1905, to increase the stock from
$10,000,000 to $15,000,000; of the new stock $1,000,000 was subscribed for in May, 1905, by stockholders at par to acquire Monoline
Co rights. V. 80, p. 654, 1733.
Dividends. ) '95. '96. '97. '98 to '00. '01. '02. '03 '04.
1905.
Percent. S 10 >* 16 16ia 20y*rly. 13i« 15 15 *15 June, inch, 5
*2** p. o. quar. (Q.-M.), and in Dec, 5 p. 0. extra.— (V. 80, p. 1733.)
in V. 79, p. 2145,
showed
Mexican Telegraph.—Company organized in 1878 under laws of
New York State. Has a cable from Galveston to Tamplco and Vera Cruz.
738 miles land line, Vera Cruz to Mexico City, 267 miles. Also direct
oable from Galveston, Texas, to Coatzacoalcos, Mexico, 825 miles, duplicating the Mex. Tel. and Cen. & 80. Am. Co.'s Gulf oable system. Owns
2,1 25 shares of the Central & 80. Am. Telegraph Co., which see.
Dividends— In 1882 to 1886, inclusive, 8 per oent yearly; from 1887
to July, 1905, both Inclusive, at rate of 10 p. o. per annum (2i« Q-J.)
Report.— Report for year ending Deo. 31, 1904, was in V. 80, p.
1727, showing gross earnings, $612,933; net, $511,700; Mex. Gov't
share, $38,002; improvements, $29,088; divs., $191,260; bal., sur.,
$253,350. J. A. Scrymser, Pres., 66 B'way, N. Y.— (V. 81, p. 35 )
;
Milwaukee Gas Light Co.— Organization.— Incorporated
in
Has perpetual franchise, V. 74, p. 1199. On July 1. 1904. the
price of gas was reduced. V. 78, p. 2602. The Amerioan Light A Trao.
Co owns practically the entire stock. Dividends at not less than 6 p. 0.
1852
yearly (J&J) were paid for 45 years to July, 190 •, inclusive.
Of the $2,700,000 bonds remaining unissued, $100,000 is reserved
to take up $80,000 Offioe Co. 5 per cents, subject to call after 1905,
and the remaining $2,600,000 can only be issued at par for 80 per
cent of the actual cost of extensions and improvements, See V. 78,
p. 481, 1 199; V. 79, p. 631; V. 80, p. 602.
For 6 mos. ending June 30, 1905, net, $388, 2°0, against $354,273 in
1904. Net earnings for calendar year 1904, $752,166; int. charge is
now $296,000 In 1903, net, $665,101— (V. 80, p. 602, 1056.)
Monongahela River Consolidated Coal & Coke Co.—
RiverCoal Consolidation.")— Incorporated in Penn. in June, 1899, to
consolidate ooal interests along the Monongahela River, and ooal traffic to
New Orleans, etc., including 200 steamers and 4,000 ooal
boats and barges, and coal elevators, etc.
Owns between 36,000 and 37,000 acres of coal.exclusive of surfaoe. See constituent
concerns V. 69, p. 1065; V. 72, 876, 939; V. 74, p. 99; V. 76, p. 264;
V. 78, p. 1278
In f ept., 1903, the Pittsburgh Ooal Co. purohased $15,000,000 of the
$20,000,000 common and $2,500,000 of the $10,000,000 preferred
stock at $15 and »45 per $50 share, respectively. The two properties
are operated separately. V. 77, p. 630, 774, 1297, 1750.
Dividends on pref., 7 p. 0. yearly, July, 1900, to Jan., 1904 (J.-J);
in July, 1904, the dividend was passed; 1905, Jan., 1-54 p 0. (77 cents
per share), payable from earnings of fiscal year 1903-4. V. 80, p. 166.
In July, 1905, action on the dividend was deferred; V. 81, p. 268A sinking fund of 5 cents per ton of li« inch coal mined and shipped
will retire bonds annually about Deo. 1 if purchasable in the open
market at a reasonable price; to Nov. 1, 1903, $650,000 were canceled.
Earnings.- Net earnings for the 8 months ending July 1, 1905,
pa- tly estimated were about $800,000.
Report for year ending Oct. 31, 1904, with balanoe sheet, was in
V. 80, p 160, showing profits over charges and dividends on pref.
($154,(00) of $766; total surplus Oct. 31, 1904, $1,763,609. PresiHamilton Brunt, Pittsburg, Pa. Dident, F. L Robbing Treas.,
rectors, 1903, V. 76, p. 269; V. 77, p. 1750.-(V. 81, p. 268.)
("
Total receipts
$2,931,309 $3,109,134 $2,353,098 $2,574,929
U
Int.,rentals,taxe8,&0... $1,363.4
$1,397,551 $1,354,595 $1,325,365
Dividends
(7)1.104,050 (6)946,329 (5)717,332 (6)860,799
Balance
sr. 463,825 sr. 765,253
sr.281,172 sr.388,764
Sinking fund
102,277
100,381
48,636
87,077
Depre'n and damage
100,000
222,55*
100,000
—(V. 80, p. 475, 602, 654, 874, 1061, 1238, 1 360, 1733, 1858.)
Lehigh A Wllkesbarre Coal.—See Central RR. of New Jersey,
Tia< kay Companies— Organization.— A voluntary association,
formed under trust deed of December 19, 1903, and managed by Ave
trustees to be elected annually. Present trustees are Clarence H.
Maokay, W. W. Cook, Geo O. »ard. Dammit Clarke and KdwardC.
Piatt. Owns entire $23,000,000 stook of Commercial Cable Co. and
control of 30 other cable, te egraph and telephone cos. in U. S., Canada and Europe. V. 78, p. 99; V. aO. p. 405. 1974.
Div. on pref., 1 p. c, quarterly, paid Apr., 1904, to July, 1905, both
inclusive. Div. on common, 1 p c, paid Jan., 1905; July, 1 p. 0. Report for period from Deo. 19, 1903, to Feb. 23, 1905, In V. 80, p. 995,
showed: Dividends reoeived, $1,643 677; general ext>enses. etc., $.s0,035; dividends paid, $1,559,843; bal., sur.. $63,799 Offioe, Ames
Bldg., Boston. -(V. 80, p. 895, 1974, 2462; V. 81. p. 214.)
Madison Square Garden.— See page 460.
Manhattan Beach Hotel A Land Co.—See page 461.
Manufacturers' Light A Heat Co.— See page 461.
Marsden Co.— See page 461.
Maryland Coal Co.— See page 461.
Massachusetts Gas Companies.—organization— A voluntary
association formed in Ootober, 1902, as successor of the New England
Gas & Coke Co., reorganized without foreclosure per plan in V. 74, p
1311. Operates 400 by-produot ooke ovens at Everett, Mass.
200
additional ovens are to be completed by 1905. (V. 70, p. 483; V 77,
p. 199.). The gas there produced (over 8,000,000 oublo feet dally)
Is enriched and distributed for consumption in Boston, through
the Boston Consolidated Gas Co., which was formed in June, 1905, by
.
;
consolidation of the Boston, Brookiine, Dorchester, Jamaica Plains
South Bo-ton and Roxbury gas light companies and the Bay State
Gas Co of Mats, and the Massachusetts Pipe Line Co TheMassa
ohusetts Gas Companies owns all, or nearly all, of the $15,124,600
capital stock of the Consolidated Company (no bonds Issued); 'also' the
$17,4*9,200 capital stock and $8 000,000 bonds of the reorganized
New England Gas & Coke Co On July 1, 1905, the price of gas was
reduced to 95 cents and on Jan. 1, 1906, It will be put down to 90
cents. See V. 80. p. 2623, 1974.
Dividends.— On pref. in 1903 to June, 1905, 4 p. 0. yearly (J.&D.)
Contract.— Contract with the Dominion Coal Co. V. 75, p. 1257.
Report. Report for year ending June 30, 1904, with balance sheet,
(also earnings and bal. sheets of oonstitutent oos.). was in V. 79 p
1640, showiDg: Dividends and Interest received, $1,272,317; dividends,
on pref. stock (4 p. c), *1,000,000; expenses, $20,257; bal., sur $252,060; total undivided earnings of all constituent companies, $84,618.
Officers.— President, C. Minot Weld; Treas., Wallace 8. Draper; SeoJohn 0. Rice. Old Colony Tr. Co. transfer agent. Mass. Tr. Co. registrar.
Trustees -Charles Francis Adams, 2d; Walter Cabot Baylies. Samuel Can,
Robert Clarence Pruyn, Joseph Ralllster Russell. Frederick Klruer :»now,Chas
Augustus Stone, Albert Strauss. Christopher Mlnot Weld, Robert Winsor.—
-,9, p. 1H4U, 2W»; V. HO, p. 1488, 1974, 2102, 2025;
V. 81, p. 216, 208.)
(V.
,
May 27,
W
Montreal Light, Heat
& Power Co.— Organization.— In-
corporated by speoial Aot of Quebeo Legislature Mar. 2^, 1901. Controls the gas. electrio light and power business of Montreal and suburbs; also two hydraulic stations for generation or eleotrioity, in
operation in the fall of 1903, to have acapaoity of 28,000 horsepower,
viz.: one hydraulic plant, Laohtne, Que., and one at Chambly, Que.
controls output for Island of Montreal of Shawlnigan Water Power
Co. Properties owned, see V. 74, p. 580; V. 75, p. 238; V. 76, p. 923;.
V. 80, p. 2456. Dividends on stock, 4 p. 0. yearly to Aug., 1905, inoL
Bonds. - Royal Trust Co. of Montreal is trustee of both mortgages,
interest being payable in Montreal at Bank of Montreal or In N. Y.
Of the 4mb of 1902, $1,013,000 are reserved to retire an equal
amount of underlying bonds and $1,854,000 for improvements. The
unissued Laohine bonus are reserved, viz., to pay for balanoe of suboompany stocks, $7,000, and to retire sub-company bonds, $279,000.
List of underlying bonds and description of mortgages, V. 74, p. 580;
V. 75, p. 238: V. 76, p. 923.
Report.— Report for the year end. Apr. 30, 1905,was in V. 80, p.2456
Interest.
Dividends
Hal., sur.
Gross.
Net.
Year.
1904-5... $2,901,265 $1,599,143
$470,354 (4%;$680,000 $448,789
204,014
1903-4... 2,589,447
461,746 (4%) 680,000
1.345,760
Officers.— President. Herbert S. Holt; First Vice-President, W. MoL. Walbank; Second Vice President, Rudolph Forget; Sec -Treas., H. H.
Henshaw. Directors, V. 74, p. 580— (V. 80, p. 2401, 2456, 2625.)
Mt. Vernon-Wood, C. 1>. Co.— Bee Consol. Cotton Duok Corp.
National Asphalt Co.— See General Asphalt Co.
National Biscuit.—A consolidation under laws of New Jersey in
1898.— V. 66. p. 288. 901; V. 71. p. 545\ V. 77, p. 92; V. 80, p 870.
Dividends.—On pref., In 1898, 514 p. 0.: 1899, to May, 1905, 7 p. 0.
{1\ Q-F). On com.. Jan., '99, to July, 1905, incl..4 p. c. (1 p 0. Q J»
Bonds.—These Include N. Y. Biscuit first 6s(M<feS.),dueMar., 1911,
$618,956; Am. Biscuit & Man. 1st 6s (F&A.), due Aug., 1910, $545,000, and $30,000 5s due $5,000 yearly in Ootober. V. 67, p. 274.
'
—
.
INDUSTRIAL STOCKS AND BONDS
July, 1905.
MISCELLANEOUS.
Date
Size, or
Par
of
For explanation of column headings, &c, see notes on
Bonds Value.
first page of tables.
National Biscuit— Common stock, $30,000,000
Pref stock, 7%, omn., $25,000,000. For bonds see text
National Carbon— Common stock, $5,500,000
Preferred stook, 7 per oent, non-oum., $4,500,000
Nat'l Enameling <t Stamping—Com. stook, $20,000,000..
Pref. stock (as to assets), 7 p. c, cum., $10,000,000.
1st mort.,g., $2,500,000 auth., i, payable y'rly.SSt..
National Fireproof ing -Com. stock, $4,500,000
Pref. stook, 7 per cent, non-oum.. $8, 000,000
Federal Clay MfK. 1st M.. $2,500,000 g. gu . b. f
National Glass— Stock ($1,650,000 is pref. 7% non-cum.)
1st mort., gold, $200,000, payable Nov., yearly. IJ Pl.o*
General mort., $2,500,000, g., s. f ., d'rn at 105 IJ Pl.o*
National Lead Co.— Stock, common, $25,000,000 auth'd..
Preferred stock (7 per cent, cum.) $25,000,000 auth
N. Eng. Cotton Tarn-Tt. Bt'k, ($2,000,000, 6% non-cum.)
1st M., $6,500,000, gold, s. f. sub], to call at llO.NH.c*
New England Telephone rf Teleg— Stock, $30,000,000
Bonds, Ser. 3, 4 & 5, $500,000 ea., call aft. 10 yrs. at 102
Bonds, Series 6, 7, & 8, $500,000 each, not sub), to call
Bonds. $1,000,000 (text)
New York, Air Brake— Stook, $10,000,000
N. T. Dock— Pr«f. stock, 5%, non-oum. (text) U sin
c&r
1st mort., $13,000,000, gold, oall atl05.Usm
N. r. Gas Elee. Light Heat <t Power— See Consol. Gas.
1901
1,000
50
50
1000
1905
50
1899
1901
1,000
1,000
100
100
100
1899
1,000
100
1891-3
1895-9
1900
1,000
1,000
1,000
100
100
.
1901 500 &o.
for year ending Jan. 31, 1905, was in V.
80, p. 870, showing: Sales for year, $41,040,495; net profit, $3,731 ,927; dividends, 7 p. c. on pref. and 4 p. c. on common, $2,S05.754;
President, A. W. Green; Vice Pres., H. F.
bal., sur., $826,173.
Vories; 2d Vice-Pres., F. M. Peters; 8eo. and Treas., F. E. Bugbee;
Asst. Treas., J. U. Higlnbo-tham— (V. 80, p. 87o.)
Annual Report.— Report
National Carbon Co.—Organization.—Incorporated in New
Jersey on Jan. 16, 1899. V. 68, p. 85, 130. Dividends on pref. 1899,
Si« p. c; 1900, to Aug., '05, 1% p.c. quar. Dividend on common, l*s p.
c, paid Jan., 1905; July l*a per cent. Report for year ending Jan.
V. 80, p. 995, showed: Net earnings,
31, 1905, with bal. sheet,
$846,307; dividends (7 p. c.) on preferred, $315,000; div (l«s p o.) on
common. $82,500; depreciation, etc, $383,337; bal. sur., $65,470.
Pres., James Parmelee; Treas., H. E. Hackenberg; Sec, J. S. Crlder.
Main office, Cleveland.— (V. 80, p. 995.)
m
& stamping Co.— Organization.— InNew Jersey on January 21, 1899. See prospectus in V*
68, p. 187, and official statement in V. 76, p. 1405; V. 77, p. 403
Div. on preferred, 1899 to July, 1905, 7 p. c yearly (Q-J.). On common, 1902 to Oct., 1904. 4 p c yearly 9 mos. div. paid >o p. c. each
National Enameling
corporated in
;
V. 79, p. 2646. Favorable de1, Apr. 1 and July 1. 1905.
cision July, 1905. V. 81, p. 215.
ending June 30, 1904, was in V. 79, p. 731, showing,
Report for year
net, $884,055 ; dividends on pref. (7 p. c), $598,262; div. on oom. (4
p. c), $623,672; leaving a deficit of $337,879; total surplus, $1,005,751, and $750,000 general reserve aocount. President, Fred'k G. Niedrtnghaus Sec, Wm. H. Matthai; Treas.. Jas E. Ingram. N. Y. offioe,
83 Fulton St.— (V. 77, p. 399. 403; V. 79, p. 73 1. 2646; V. 81, p. 215.)
National Fireproofing Co.—Incorporated in 1889; name
changed in 1899 from Pittsburgh Terra Cotta Lumber Co. Controls
29 plants adjaoent to various cities between Boston and Chicago, over
4,000 acres of coal and clay lands, patent rights, etc Manufactures
porous terra cotta, fireprooflng, hollow tile, building blocks, etc.
Properties owned, see V. 72, p. 296, 1191; V. 76, p. 651.
Stock, Etc.— Common stook, $4,500,000; pref., 7 p.c. non-cum.,
$8,000,000; amounts outstanding, see table above; par of shares, $50.
Floating debt, Dec 31, 1904, $1,403,701. Mortgages, $121,169.
on Jan.
:
In May, 1905. the subsidiary company, known as the Federal Clay
Co., with $5,000,000 stook control, made a mortgage to secure
$2,fi00,000 of 5 p. c bonds, whloh are guaranteed principal and interest: the bonds have an annual sinking fund of $60,000. The proceeds will be used to pay for recent acquisitions and for other purposes. In July, 1905, #1,000,000 bonds was told. V. 80, p. 2223;
Mfg
V. 81, p. 215.
Dividends.— On preferred,
Oot., 1900, to July, 1905, both Inclusive,
yearly (paid Q.-J.). On common, May, 1901, to 1902, 5 p. c.
yearly; in 1903, 4^ p. c; none sinoe to July, 1905. V. 77, p. 2038.
Report —Report for year ending Dec. 31, 1904, in V. 80, p. 708,
shewed: Net earnings, $636,939; reserve, $100,000; dividends (7 p. o.
on pref ), $417,593; balance, surplus, $119,346.
Officers— Chairman, D. F. Henry; President, W. D. Henry; Treas.,
Wm. H. Graham; Secretary, C. G. Jones. Directors (Feb 1903), V. 76,
p. 482. Office, Bessemer Bldg., Pittsburg, Pa.— (V. 81, p. 215.)
7
p. o.
,
National Glass Co.— See Section for Apr., 1905.
National Lead Company.—Organization.—organized under
New Jersey on Deo. 7, 1891. It oontrols extensive plants
In different States for manufacture of white lead and other products.
St. Louis Smelting & Refining Co., whose stock is owned, author'zed in
1900 $1,000,000 5 p. c bonds, due June 1, 1920, but subject to oall in
the laws of
payable J. &D.; Merc. Trust Co., N. Y., trustee. V. 72, p. 390.
Securities.—The preferred stock is entitled to 7 p. o. per annum cu-
1905;
Int.
mulative. Seeeditorial of May. 1893. Supplement, and V. 60, p. 349.
The ftookholders voted on June 26, 1905, to increase the common
and preferred stocks from $15,000,000 to $2 \o00,000 aoh, to provide
for acquisitions and working capital. This was supposed to be preparatory to purchase of United Lead Co. V. 80, p, 2347.
Dividends.— I 1892. '93. '94. '95. '96. '97. 1898 to 1900. Since
2
3
1
Common, p. c. J
1% yearly. None.
Q-M to June, 1905, Inclusive).
Preferred, p. o. 7 per cent yearly
annual Report.— The annual report for 1904 In V. 80, p.
1421, showed: Net earnings, $1,595,693; dividends on preferred, $1,043,280; balanoe for year, surplus, $552,413. In 1903, net, $1,569,069.
Directors.—W. H. Thompson, E. C. Goshorn, F. W. Rockwell, L. ACole, R. R. Colgate, A. P. Thompson. Wm.W. Lawrence. George O. Car'
penter, Edward F. Beale, R. P. Rowe.WalterTufts and Charles F.WellsPres., L. A. Cole; Charles Davison, Sec; Wm.
Lawrence, TreasN. Y. office, No. 100 William St.— (V. 80, p. 1 42 1 , 2347; V. 81, p. 35.)
National Salt Co.— See International Salt Co.
National Sugar Re lining. —See page 461.
»
(W
W
Newark Consolidated Gas.— See Street Railwat
Section.
New Central Coal (Md.).— Owns coal lands In Allegheny County,
Maryland. Tons mined in 1898, 203,677; 206,262 In 1897, 188.453
in 1896, 201,826 In 1895, and 151,002 tons in 1894 net profits,
;
in 1898, $37,397; in 1897, $32,006; In 1896, $23,018.
N. Y.
offioe, 1
Broadway. In 1898 reduced the stook from $5,000,000 to $1,000,000
and shares from $100 to $20. V. 66, p. 901, 1140; V. 64, p. 515.
DrVTD'DS— ) 88.'89.'90. '91-'94. '95->97. '98'99'00'01'02 '03.'04. 1905
Since '87p.o.jl
1
May, 2
The dividend was passed In Sept., 1904. (V. 79, p. 1333.)
New England Cotton Yarn.—A consolidation of 9 yarn mills
of New Bedford. Fall River and Taunton.— V. 69, p. 28, 81, 181; V. 70,
24200
p. 587,
Bonds™ PrlnclINTEREST OR DIVIDENDS.
pal.When Due,
When Where Payable, and by Stocks—Last
«
„ „aL „ Rate per
Outstanding
Dividend.
Whom.
Cen£ Payable
Amount
$100 $29,236,000 4 in
100 24,804,500 7 in
5,500,000 3 in
100
4,500,000 7 In
100
100 15,591,800 See
8,546,600 7 in
100
.
42
1294. Total, 620,000 spindles. V. 71, p. 345; V. 73, p. 443. In-
451
1904
1904
1905
1004
& New York.
do
do
Checks mailed.
do
do
Q.-J. 15 Ohioago
Q.-F.
Text.
Q.-F. 15
Q.-J.
Q.-J.
5 g. M. & S
1,750,000
4,48 7,350 See text. Q.-F.
J.
7,953,150 7 In 1904
text.
5 g.
A.
Jolyl5,'05,l»fl
Aug.l5,'05,lH»
N. Y., Colonial Tr. Co. July
do
do
1904
St. L. Tr. Co., St. Louis.
Checks mailed.
do
do
Q—
1,000,000
3,900,000
1.000.000
1,500,000
14,905,400
14,904,000
2,000,000
5,263,000
24,688,100
1,500,000
1,500,000
1,000.000
8.012,500
10,000,000
11,580,000
Julyl5,'05,l%
May 31, '05,1%
& O
'05,
»«
1, '05,
Sept. 1, '05,
1%
I,
July
11
Aug.25,'03.1i*
Aug25.'05.1*j
Apr. 15, 1930
M. <fe N Mellon & Sons Bk, Pitts.
do
do
M. & N.
N. Y., 100 William St.
1 in 1900 March.
do
do
7 In 1904 Q.-M.
1905 to 1909
Nov. 1, 1921
Moh.1,'00,1%
J'nel5,'05,l%
5 g. F. & A Bost., N. Shawrout Bk.
Boston, 119 Milk St.
6 in 1904 Q.-F.
A. & O Boston.Bank of Repub.
6
A. A O. Bost., Nat. Bk. Com'rce,
5
4
J. & J. Bost., Nat. Bk. Com'rce,
Office, 66 B'way, N. Y.
8 in 1904 Q.-J.
2 in 1904 A. & O
Aug. 1, 1929
Mayl5,'05,lJs
6
6
g.
g.
4g.
F.
& A
N.Y..U.
S.
M. &Tr. Co
Apr., 1906 7-8
1915,'16&'19
Jan. 1, 1930
Jiryl8,'05,2%
Apr.15,'05,
Aug.
1,
1%
1951
corporated in Massachusetts Nov. 27, 1903, as sucoessor, per plan In
V. 77, p. 40, 149, 203, of New Jersey Co. of same name; V. 77, p. 2161
Securities.— Stock authorized, common, $3,900,000; pref. (as to
assets and accrued div. and subject to redemption at $140 per share
and accrued dividends), 6 p. c. non-oum., $2,000,000. As to sinking
fund for bonds, see V. 77, p. 2161.
Report.— Balanoe sheet of Oot. 1, 1904, (in V. 79, p. 2204.
Pres., C. Minot Weld. - (V. 79. p. 2204.)
England Telephone Telegraph .—This company does ft
telephone business in Maine, New Hampshire, Vermont and Massachu-
&
New
setts
under lioense from The American Bell Telephone Co. On January
1,1905. it had 1 39,829 stations in all, against 121, 116 In 1904. Of stook
$12,587,500 is owned by Amer. Telephone & Telegraph (Bell) Co. V.
70, p. 40. Stockholders in June, 1904, subscribed for $3,054,300 new
stock at par, payable one-half on Aug. 16, 1904, and one-Tj*if on Feb.
16, 1905, increasing the aoaount outstanding to $24,688,100. V. 78, p.
2337. The debentures are to be secured by any mortgage plaoed.
Dividends.- > 1886-93. 1894 189f *96. '97. 1898 to May, 1905.
6 yearly (l** Q.-F.
5 1*
i
fi
$3*2 yearly,
Percent.
Report.— Fiscal year ends Deo. 31. Report for 1904 was
Annual
in V. 80, p.2397, showing gross earnings $7,323,561; net over interest, maintenance, taxes, etc, $1,443,242; dividends (6 p.c) $1,320 447;
balance, sur. for year, $122,795.-(V. 79, p 2646; V, 81, p. 2397.)
York Air Brake.—Incorporated under laws of New Jersey,
Works at Watertown, N. Y.; capaolty. 500 sets of oar brakes a day. Ik
April. 1902, Russian plant was placed in operation. V. 74, p. 887.
In 1896 dividend 6 p. c; In 1897 and 1898 none; Oct., 1899, to
July, 1905, incl., 2 p. c quar. (8 p. c per an.). New stock, $1,250,000
was Issued in 1899 for extensions and $1,562,500 additional in 1901.
As to patent litigation see V. 6»,
V. 69. p. 181, 388; V. 72, p. 876.
O. 181, 442; V. 70, p, 636; V. 73, p. 1359; V. 75, p. 1358; V. 79, p. 217;
V. 80, p. 2462.
Directors.-President, C. A. Starbuok, 66 Broadway; Vioe-Prest.,
Daniel Magone Seoy. and Treas.. John C. Thompson; Asst.-TreftB.,
C. H. Chaffee, Fred. Flower, H. A. Rogers, J. C. Young, Anthony N.
Brady, Thomas C. Purdy and George B. Massey.— (V. 80, p. 2462.)
New York Dock Co.—Organization.—Incorporated in N.Y. State
on July 18, 1901, as successor of the Brooklyn Wharf <fe Warehouse Co.,
foreclosed and reorganized per plan V. 72, p. 937. Possession
taken Aug. 1, 1901. V. 73, p. 239. Owns water frontage In Brooklyn
"frontage of more than 2*4 miles," of which 157 feet leased. Official
statement, V. 73, p. 1355. Projected tunnel to N. Y. see V. 76, p. 483.
Stock and Bonds.— Com. stock, $7*000,000; pref. 5 per cent noncumulative, $10,000,000, all in shares of $100 each. Atter 5 p. o. on
both stocks the two stooks to share equally. Of the bonds, $1,420,000 were in the treasury July 31, 1904.
Dividends.— On pref., 1 p.c, '02; '03 to Apr,, '05, 2 p.c. yearly (AAO)
Report.— Report for year ending July 31, 1904, with balance sheet,
in V. 79, p. 133o, showed: Gross earnings, $1,670,445; net, $864,385; interest on bonds, $463,200; divs. (2 p. c), $200,000; bal., sur., $201,185.
Officers.— Pres., David H. King Jr.; Vice-Pres., Columbus O'D. IseOffioe, 8 & 10
lln; Sec, Edwin Thome; Treas., George B. Spencer.
Bridge St. (Manhattan), N. Y. Directors, V. 73, p. 141, 1114; V. 75, p.
1358.-(V. 76, p.483; V. 77, p. 773, 822; V. 79, p. 1330.)
York East River Ferry.—Owns the "Astoria" Ferry between Astoria, L. I., and foot of 92d St., New York, and has three ferryboats. Capital stook, $750,000; dividends are payable Q.— M.
Dividends.— ) '95. '96. '97. '98. '99. '00. '01 to June, 1905
4ifl
(Q-M) P. c.
5
6 yearly (Q,-M.)
5
5»a
Bonds, $750,000 1st 30-year gold 5s due Nov. 1, 1922, interest M.-N.,
at Kings Co. Trust Co. Directors—William A. Nash. Theo. F. Jackson, H. K. Knapp, E. Lehman and Roswell Eldridge.— (V. 71, p. 392.)
York East River Gas Co.—See Consolidated Gas Oo.
York Edison Co.—See Consolidated Gas.
York &. Hoboken Ferry Co.—Incorporated Nov. lO,
1 898, under the laws of New Jersey as successor of the Hoboken Ferry
Co., operating from Barclay Street, Christopher St. and West 22d St. to
Hoboken. V. 77, p .454. In Apr., '03, Del. Lack. & West. RR. acquired
entire $3,300,000 stock. Dividends: 1899. 1 p. c; 1900, 4; 1901,4%;
1902, 5; since, (?). Of the $4,000,000 gen. 5s of 1898, $700,000 were
reserved for improvements; all are redeemable at 110.— (V. 77, p. 454 >
N.Y. in hi. Gas Light.— See Con. Gas.N.Y. mnt, Tel.—Seep. 461.
York
Jersey Telephone.— Operates telephone
lines under perpetual license from the Bell Company In Staten Island,
Long Island (including Brooklyn), In New Jersey in counties of Bergen,
Essex, Hudson, Middlesex, Monmouth, Morris, Passaic, Somerset, Sussex and Union. Total stations on Jan. 1, '05, were 80,324 (of whloh 39,544 on Long Island), 66,564 in 1904, 53,184 in 1903 and 42,130 in 1902
Stock —Stockholders In 1904 subscribed at par for$l,252,000 stock,
raising amount out to $13,770,100. Real est. mort. Jan.,1905, $67,500.
Dividends.— ; 1892.
1893.
1894 to July, 1905, inclusive,
Percent,
6
7% yearly (incl. 1% extra In Jan.)
Earnings.— Report for year ending Deo. 31, 1904, was inV. 80, p.
1057, showing, gross, $5,393,709; net, $1,664,373; interest and taxes,
$187, 422; dividends, $968,088; balance, surplus, $514,863. In 1903,
gross, $4,741, 342.— (V. 78, p. 345. 817, 105 7.)
N. v . *
Power Co.—See page 461.
Elec. Light
N. Y. Suburban Gas.— See Consol. Gas Co. (N.Y.& Westohea.Ltg.)
York Telephone Co.—See page 461.
York Texas Land Co.—See page 461.
Ni Y< Transportation;—See page 461.
Niagara Falls Power Co.— See page 461,
.
New
;
&
New
J34
&
New
New
New
& New
New
$6
&
n.
New
New
&
.
.
.
INDUSTRIAL STOCKS AND BONDS.
45>
MISCELLANEOUS.
Date
Size, or
Bonds— PrinciINTEREST OR DIVLDEND8.
pal,When Due.
Rate per When Where payable and by Slocks— Last
Amount
Par Outstanding
of
For explanation of column headings, &c, see notes on
Bonds Value.
first page of tables.
N.Y.dtRob Ferry Co.— Hob. Fer., 1st con. M.,red.Usm.o
N. Y. d- N. J. Ferry, two morts. ($600,000 are 1st 4s)..
1896
1896
1898
N. Y. & Hoboken Ferry, gen. mort., gold, $4,000,000.
N. Y. Mutual Gas Light— Stock (bonds, see Cons. Gas)..
N.Y.MutuaiTel.—Mut. Un. Tel. lstM.,g.,gu.,notdr'n Cec 18*81
tfew York <& tfew Jersey Telephone— Stock, $15,000,000..
1,000
i'doo
100
1,000
100
M. (now 1st) $l,500,000,g.,s.f.$20,OOOy'ly,notdr.ITIpo* 1890
Niles-Bement-Pond Co.— Stock, common, $5,000,000
Pref. stock, 6%, cum., $3,000,000, call In 1911 at 105..
Pratt & Whitney, 6 p. c. cum. pf. stock, gu., red., text..
Nilee Tool Works, 6 p. c, cum., pref. stock, not guar...
1,000
1895
Northxo Gas-L. <& Coke— Consol. (now 1st) mort., gold
1898
Mortgage, $2,000,000, gold.
1892
Cicero Gas, 1st mortgage.
Do
Gen. ref. M., $5,000,000, g., gu.p.&i.EC.o* 1902
Otis Elevator—Stock, common, $6,500,000
Stock, preferred, 6 per cent, non-cum, $6,500,000
Gold notes, due Jan. 1, yearly (see text)
Pacific Ooast Co.— Stock, common, $7,000,000 (see text)
1st preferred stock, $1,525,000, 5 p.o. non-cumulative.
2d pref. stook, $4,000,000, 4 p. o. non-cum. (see text)..
Ma.c 1897
lBt mortgage. $5,000,000, gold
Pacifle Mail Steamship—Stock
PaUrson A Passaic Gas <£ Elec.—See Street By. Section
Pennsylvania Canal—Gen. M., $5,000,000, int. guar...o* 1870
Pennsyle. Steel Co.— Pf. stock, 7%, non-cum.. $25.000.000
1,000
North American—Stock, $30,000,000
EC
&
MC
100
100
100
500
1,000
1,000
"Too
"Too
100
100
1,000
100
1.000
100
Niles-Bement-Pond Co.—Organization.—Dioorporated in New
Jersey on Aug. 11, 1899, as a consolidation. Does much of the heavy
machine trade of the country; V. 69, p. 388. Owns entire sommon stock
($1,525,000) of the Pratt & Whitney Co., guaranteeing 6 per cent on
the latter's $1,225,000 preferred stock (subject to call in 1911 at par)
provided that the guarantor earns same on its own stock. V. 71. p.
139; V. 70, p. 1253; V. 72, p 143. V. 78, p. 1113; V. 80, p, 1734. Also
owns entire common stock of Niles Tool Works, dividends of 6 p. c.
yearly on $1,000,000 having been paid regularly slnoe 1890.
Stock— Common, $5,000,000; pref.,6 per cent cum. (subject to oall
In 1911 at 105), $3,000,000, of the latter $1,000,000 being unissued.
1905.
Dividends— ) Nov. '99. '00. '01. '02. '03. '04.
June 1*2
Mar. 1^
7
3
6
8
8
Common %....>
....
8 p. c. yearly 1*2 (Q.-Feb.)
Preferred % .. >
Bal. sheet Deo., 1903. V. 78, p. 1781. Statement for oal. year 1902 in
V. 76, p. 545, showed: Net, $1,627,965; reserve for depreciation, 8200,000; div. ou pref. (6 p. c), $253,500; on oommon (8 p. o.) $400,000;
balance, sur., $774,465. Pres., R. C. MoKinney; Treas., Chas L. Cornell; Sec, E. M. C. Davis, 111 Broadway, N. Y.— (V. 80, p. 1734.)
,
<
North American Co.—Organized in 1890 ander laws of New
Jer-
sey and controls the Milwaukee (Wis.), Eleo. Ry. A Lt. Co. (see Street
Rt. Section), and the Detroit (Mich ), Edisoa Co (V. 81. p. 33); also
the illuminating, power and trolley companies of St. Louis, Mo., as
follows: Union Electric Lt & Power Co. (V. 79, p. 2751; V. 77, p 40),
Laolede Gas Llgbt Co. (V. 78, p. 1273, 1278), and United Railways (see
Street Rt. Section).
Stock—In 1901 deoreased from $40,000,000 to $12,000,000 by the
issue of one share for each 3>3 shares. V. 73, p. 30; V. 76, p. 106.
In 1903 the stook was increased f rono $12,000,000 to $17,000,000 to
Light Co. of St. Louis, etc, and in
the Laclede
Say for stock of $17,000,000 Gas$30,000,000 to aoqulre additional
[ar.. 1905, from
to
shares in those properties aad a majority interest in the United Railways of St Louie and for development of said propei ties. The West
Kentuokv Coal Co with $3,000 000 stook and an issue of first mortgage bonds, will hold about 22 000 acres of coal lands aoquired in
May. 190
V. 80. p. 2348, 2462, 2626; V. 81, p. 35.
1904 to June. 1905.
1903.
Dividends— <
,
.
5 (l^Q-Mar.
4
Report, Etc.— Report for year ending Deo. 31. 1904 at length in
V. 80, p. 2619. 2626. showed: Total lnoome, $978,240; rentals and
general expenses. $"3,419; taxes, $4,605; dividends (5 p. o.), $840,833. bal sur., $59.0-3
Or Deo. 31. 1904. owned: 8tooks, $19,738,970; bonds. $184,258; and
balance sheet showed loans payable, $500,000; loans and accounts
receivable, $382,174; cash, $669,893.
Directors.—Edward Q. Keasbey, John I. Beggs, C. W. Wetmore, 8.
Burt, Edwin M. Bulkley, Wm. Nelson Cromwell, G R. Sheldon, Ed
mund C. Converse.Robert Baoon, Chas F Pflster. Randolph Rodman,
F. 8. Smlthers Adolphus Busoh. Breckinridge Jones, Chas H. Hattig,
F. Vogel Jr.. Charles A. Coffin, James Campbell; President. C. W. Wet
more; Vice-Pres., Wm. F. White; Sec, Silas W. Burt; Treas., Geo. R.
Sheldon, 30 Broad St. - (V. 81, p. 35 )
Northern Union Gas Co.—See Consol. Gas Co N. Y. City.
Northwestern Gas l.i-lu & Coke Co.-ORGANiZATiON.-Acon
Bolidation in Sept., 1902. VT 75, p. 397, 665. Controlled by interests
friendly to the People'* Gas Light & Coke Co. of Chioago.
Dividends Apr., 1903, to Ai>r., 1905, 1 p. o. quarterly.
Nelson A. MoCleary, Presld't; T. M. Jackson, Treas. (V. 75, p. 669.)
Northwestern Telegraph.— Owns 10,000 miles of wire and is
leased to Western Union for 99 years, which guarantees dividends
at 6 per cent on $2,500,000 stook (par $50) and principal aud interest
on $1,500,000 1st mort 30 year gold 4»«8 ($500 each), due Jan. 1,
1934, interest J. A J. at Western Union office, 195 Broadway, V. Y.;
Bowling Green Tr. Co. of New York, trustee. Guaranty, V. 79. p. 216.
Ogden Gas ( Chicago ).— 8upp. of Jan.. 1898—V. 78, p. 461.
Indiana Consol. Nat. Ac Ilium. Gas.—Sea page 461.
Ohio
Omaha Water Co.— See page 461.
Otis Elevator Co.— Incorporated Nov. 28, 1898. under the laws
of New Jersey and took over about 13 plants comprising about
85 per cent of the business. See V. 71, p. s*S> V. 74, p. 271; V. 75,
Stook $6,500,000 oommon; outstanding, $6,350,300. Pre
?.. 552.
erred outstanding (see table above), $4,499,800. V. 75, p 345,552
Dividends on pref., July 15, 1899. to July, 1905, both inclusive, l»a p.
First div. on oommon, 2 p. o., paid Apr., 15.
o. qnar. (6% per annum).
1903; on Apr.. 15, 1904, 2 p.o.; Apr. 15. 1905, 2 p.o. Gold notes,
$400,000, due $200,000 year y. Jan 1, 1907 and 1908.
Report for year ending Deo. 31, 1904, with balanc- sheet, In V. 80. p.
1172, showed net earnings over Interest and renewals, $891,016; div.
on pref. (6 p. o.), $335,970; div. on common (2 p. c), $127,006; oharged
off for depreciation, $228,040; bal., surplus, added to working capital,
$200,000. Office, 17 Battery Place, N. Y.— (V 8o, p. 1 1 72, 1179 )
Pacific Coast Company.—This oompany controls the Pacific
Coast Steamship Company (owning its entire capital stook) and
operates five steamship lines running between San Francisco,
Portland, Vlotoria, Sitka, Fort Bragg, San Diego, &c Also owns all the
securities of the Columbia & Puget Sound RR. (now standard gauge),
Seattle to Franklin, etc., with sidings, 57 miles, and its New Castle
mine; the Pacific Coast Ry (narrow gauge), Port Harford, Cal., to Los
Ollvos, 80 miles. Operates Franklin Coal Co. owning Franklin mine,
with 3,050 acres coal lands at Franklin and 2,083 acres at New Castle;
also Black Diamond (Wash.) Coal Mining Co. aoquired in May, 1904.
HISTORY.—Successor on Deo. 1, 1897, to the Oregon Improvement
Oo., sold In foreclosure and reorganized p. plan in V. 65, p. 412, 463.
Peroent.
N. Y., West. Union Tel.
m
Jan. 1, 1915
do
do
Dee. 1, 1928
Meroh. L. & Tr. .Chioago July 1, 1922
Equit. Tr. Co., Chicago. July 1, 1932
N. Y. Off., 17 Batt'y PI. Apr 15, '05. 2
Julyl5,'05.1i«
do
do
Jan 1, '07 08
do
do
Checks from Co.'s office, Aug. 1, '05, 1H
Aug 1, '05,
do
do
Aug. l,'05,li<
do
do
N.Y.,Manhat. Trust Co. June 1, 1946
Equit. Tr. Co., Chicago,
S*
5 in 1904
5 in 1904
5 in 1904
m
g.
N. Y. Mercantile Trust. Deo. 1, '99, li«
3 in 1899
6
.T.
1,977,000
16,500,000 7 in 1904 M.
I
1,
1,
1,
Bklyn,81WilloughbySt. July 15/05,1 J«
Y, Atlantio Tr. Co. May 1, 1920
Checks mailed.
J'ne 15,'05,lifl
Mayl5,'0\li«
do
do
do
do
May 15,'05,lia
do
do
J'ne 30,05,
N. Y., 30 Broad Street. June 1, '05,li4
5 g.
See text.
6
4 g.
"I
1946
1946
May
1946
Julyl4,*05,5%
May 1. 1911
Jan.
N.
7 In 1904
6 in 1904
6 in 1904
6 in 1904
5 in 1904
6 g.
ot..
& W. May
do
do
do
do
Checks mailed.
5 g.
9 in 190-v
6 g.
7 in 1904
5 g.
Dividends—
Dividend.
&
&
J. Phila. .Broad St. Station
Checks mailed.
N.
1898.
1899.
2
5
4
2
July 1, 1910
Mayl,'05,3i«
1900 to Aug., 1902.
(4% per an.)
(5% per an.)
(4% per an.)
Since.
1*4 quar.
m
quar.
I 1* quar.
2nd preferred and oommon, these stocks share equally
Latest Earns.— 11 mos. > 1904-5.Gross, $5,580,120; net, $1,138,695
July 1 to May 31.
5 l903-4.Gross,
5,310,991; net, 1,014.100
Report.—Report for year ending June 30, 1904, in V. 79, p
1954, 2098, showed gross of steamships and colliers, $3,880,038; net
$492,710; rail lines, gross, $614,617; net, $296,170; coal department,
etc, gross, $1,408,317 net, $396,149. Total results were:
Gross earnings
$5,902,972 Interest on bonds
$222,300
Op. expenses and taxes. 4,717,943 Depreciation, etc
28,797
Div. on 1st pref. (5%) ....
76,250
Net earnings
$1,185,029 Div. on 2d pref. (5%)
200,000
interest and disoount..
45,432 Div. on common (5%)
350,000
1st pref., p. 0. 1
3d pref., p. 0.. J
After 4 p. o. on
4ifl
3^
;
I
Balance, surplus
$1,230,461
Total net income
For year 1902-03, gross, $6,606,754; net, $1,211,977.
Officers, Etc.—Chairman of the board and Pres., H.
$353,114
W. Cannon;
Vice-Pres.. J. C. Ford; Treas., John Kean; Vice-Pres., W. M. Barnum;
Sec and Asst. Treas., Clifford C. Fay. Executive Committee: Henry
W. Cannon, E. H. Harriman, Daniel 8. Lamont, T. Jefferson Coolidge
Jr., and Grant B. Schley. N.Y. office 10 Wall St. -(V. 79, p 2083,2098.)
Pacific Mall Steamship.—In Nov., 1900, the Southern Pacific
Oo. aoquired $10,005,000 of the stook, V. 71, p. 1015. The traffic agreement with the Panama RR. terminated July 12, 1905. V. 74, p.
1255; V. 80, p. 874, 1916. Steamers owned April 30, 1905, V. 79, p.
498; V. 80, p. 2341
Dividends.— 1896, 1 p. o; in '97, 2 p. c; '98, 2** p.o.; '99, 3 p. c;
none slnoe, surplus being invested in new vessels, etc V. 70, p. 331.
Report.—Advance statement for 1904-5, V. 80, p. 2341. Report for
1903-04 in V. 79, p. 498.
1905.
1904.
1903.
Teor ending Apr. 30.
1902.
Steamships
Subsidies
Miscellaneous
$5,592,822
15,180
167,781
$3,439,113
15,180
147,473
$2,677,913
14,510
135,083
$1,883,413
8,640
137,293
I
,
W
,
&
N. Y., OfUoe D. L.
5
4&5
5
Whi0m.
1
Payable
Cent.
4,100,000
1.000,000
3.300,000
3,500,000
5,000,000
13,770,100
1.268,000
5,000 000
2,000,000
1,225,000
1,000,000
29,700 000
250.000
1,202,000
500,000
1,770,000
6,350,300
5,599,500
400,000
6,738,800
1,502,800
3,904,200
4,446,000
20,000,000
Com., per
[Vol. lxxxi.
Total earnings.. ..$5,775,783 $3,601,766 $2,827,506 $2,029,346
Net earnings
$427,656
$246,896
$8,280 df.$tf 07.935
E. H. Harriman, President; Alex. Millar, Sec, 120 Broadway. N. Y.
(William Mahl, Comp.; A. K. Van Deventer. Treas.-(V. 80, p. 2341.)
Paterson 4c Passaic Gas Electric Co.— See Street Rf.Sec'N
Pennsylvania Coal
Coke Co.— See page 461.
Pennsylvania ITIfjj. Light & Power.-See Philadelphia Eleo
Pennsylvania Steel Co.— Chartered in New Jersey on Apr. 29,
1901, and aoquired per plan in V. 72. p. 46, 91, almost entire 86,500,000 stock of Penn. company of same name and entire stock of Maryland Steel Co. Thus controls plants at Steelton, Pa., and 8parrows
Point. Md., inolnding blast furnaces, annual oapaoity 750,000 tons pig
Iron: two Bessemer plants, oapaoity 800,000 tons, and one open-hearth
plant, capacity 250,000 tons of Ingots; two rail mills, oapaoity 640,000
tons, a shipbuilding and a bridge-building plant (new plant V. 77. p.
773), a complete frog and switoh building plant, etc, etc Owns entire
$150,000 stook of Bait. & Sparrows Point RR.
Owns the entire $2,400,000 stook of the Spanish- American Iron Co.,
shipping from 400,000 to 500,000 tons of ore annually, and owning
about 5,000 aores of land near Santiago, Cuba (V. 62, p. 776; V. 71, p.
&
&
V
76. p. 917; V. 77. p. 1229; V. 78, p. 1495).
also purchased a *2 96 interest in the Cornwall Ore Banks Co.,
Lebanon Co., Pa., the Lebanon Furnaces, Lebanon, Pa., and $540,000 of
the $800,000 stock of the Cornwall & Leb. RR., issuing in 1 902 $7,500.000 30-year 5 per cent collateral trust bonds of The Penn. steel Co.
(of Penn.). V. 75, p. 345, 397; V. 72, p. 1241, 1283; V. 73, p. 1364;
V. 74, p. 1312. Official statement of properties, etc, V. 73, p. 1355.
Stock.—Common stook authorized, $25,000,000; outstanding, $10-,
750.000 (par $100). Preferred, see table above V. 72, p. 1241.
In June, 1901, control was aoquired by the Pennsylvania RR. and
affiliated roads by purchase of $10,000,000 each of common and preferred stook. V. 72, p. 678; V. 79. p. 1269.
Dividends.— On pref. stook slnoe re-oapltalization, Nov. 1. 1901, to
May, 1905. lnol 7 p 0. yearly (paid M. A N.)
Bonds.— Consolidated joint mortgage oovers the plants at Steelton, Pa.,
and Sparrows Point, Md., and all of the $1,000,000 stook of the Mary'and Steel Co.; $3,000,000 are reserved to retire the prior liens. Car
trust notes Deo. 31, 1903, $175,000. V. 72. p. 579.
Of the coll. trust 5 p 0. bonds trust 5s of 1902, not less than $100,000
nor more than $500,000 may be called, at 105, at any interest period;
in addition a sinking fund of 50 oents per ton of ore mined is to be
similarly applied; if the sink, fund is not sufficient to redeem
$150,000 the company must meet deficiency. V. 74, p. 1312.
The 4^i p.o serial bonds on ooke ovens, dated June 1, 1905, are
subject to oall at 102 iasa whole or in amounts of $100,000 or more.
393;
Has
V.
i-0, p.
197
Report
-«.
for calendar year 1904, in V. 80, p. 1422,
showed: Earnings
companies over charges and depredation, $1.23^513.
against $2,189,097 in 1903; dividends (paid to Penn. < o), $1,122,500;
of operating
$113,013; total reoelpts of Penn. Co., $1,218,R74; bal, surplus,
over expenses ($2H,6tf5) and 7 per oent div. on pref. (inoludlng 3*a%
paid May, 1905). $35,209; oombined surplus of operating and holding
companies, $148,222.— (V. 80, p. 1422, 197 V. 81. p 215.)
People's Gas Light Ac Coke (Chicago).—An absolute consolidation on Ang. 2, 1897, of the companies forming the old Chioago Gaa
Trust. V. 64, p. 1088; V. 65, p. 23o. Mutual Fuel was purchased In
bal.,
;
—
July, 1905.
INDUSTRIAL STOCKS AND BONDS.
j
MISCELLANEOUS.
Date
of
For explanation of column headings, Ac, see notes on
Bonds
first page of tables.
Pennsylvania 8tee.l Oo. — (Concluded)—
Old i'onua. Steel 1st M., our.
Maryland Steel 1st mortgage, currency. «P
OP
Par
Value.
r
r
o*
,
(
.
—
November, 1897, and early in 1898 consolidated, as was also the Hyde
Park Co., with the People's Gas-Light A Coke Co. The Universal Gas
Co. (stock, $1,500,000) is controlled in the company's interest.— V.
67, p. 179; V. 68, p. 474. On Nov. 1, 1900, made a oontraot to purchase tbe property of the Ogden Gas Co. for $7,000,000, at the ex
piratlon of the tatter's franchise on Mar 4, 1945. V. 72, p. 91. 244.
630, 779; V. 74, p, 99, 155; V. 78, p. 1501. As to Indiana Oil A Gas
Co., see V 67, p. 690; V. 68, p. 825, 1182; V. 71, p, 33, 1123. As to
Northwestern Gas Light A Coke Co., see that company above.
Property.—In service January, 190">: Street mains, 1,939 miles
meters, 359.327; publio lamps, 24,974; V. 78, p. 1501. See V. 66, p. 382.
In June, 1901, a settlement was reached with the city on the basis
of the latter receiving on aooount of its percentage of the gross receipts (viz., 3^ p. c. from illuminating and 5 p. c. from fuel gas) free
gas for 25,000 street lamps (this service to be valued at $350,000) and
for these lamps Welsbach burners (valued at $25,000), these to be
maintained by the oity; any surplus in the percentage above $375,000 to be paid in cash. The oontraot forbids the city to attack the company's franchise, but reserves to it the right to continue the Ogden
fas and 75-oent-gas suits. See V. 72, p. 1283, 1087; V. 74, p. 155; V.
5, p. 246, 669. In Jan., 1904, the lower court decided that the 75-oent
gas ordinance was illegaL V. 78, p. 346, 765, 1396. In Oot., 1903,
the constitutionality of the Consolidation Act of 1897 was upheld. V
73, p 349; V. 77, p. 1536, 2343; V. 78. p. 765. In May, 1905. the 111.
Legislature passed laws giving the city power to regulate price of gas
subject to vote of the people at the autumn election. V. 80 p. 1916
;
'93.
'94. '95. '96. '97 to May, '05
Drvs.— )'89. '90. '91 '92.
Percent. 5 4
2*3 1*2 6y'rly(lJsQ-F)
3
3 5^4 4^(1 ^so.) 6
Bonds, Etc.—Of the $40,000,000 issue of 1897 $29,046,000 bonds
were reserved to retire prior bonds, of which $9,100,000 has been Issued. The balance ($10,954,000), of whioh $800,000 has been sold,
was issuable tot additional property, improvements or betterments.
V. 65,
p.
572; V. 79, p. 155.
Report—Report for year ending Deo. 31,
TEARS ENDING DEC. 31
1904
Gross income
$12,014,085
Net over oper. exp
$5,678,264
Interest on bonds
1,853,550
690.569
Depreciation
Montis— i-Tlnoi-
INTEREST OR DIVIDENDS.
Size, or
1887 $1,000
1892
1,000
1895 500 Ac.
Penn. Steel Co., Cionsol. mort., $7,000,000, gold.GP
1,000
Collat. trust loan Cornwall properties, s. f., red. text .. 1902
1905
1000
Mort. on coke ovens, due $150 000 yearly, red.«»P
yrly call 105 1902
1,000
Mary I'd Steel oar tr bonds, g. $60,000 due
100
People's Gas Light <6 Ooke (Chicago)— Stock, $35,000,000
*o 1893
1,000
gold. Ce
1st oonsol. mort for $10,000,000
c 1887
1,000
Chicago Gas Light & Coke 1st mortgage, g. FP)
1,000
Consumers' Gas 1st mort., gold. See V. 66, p. 472.Ceo 1886
o 1885
1,000
Illinois L. H. A Power let mortgage
IC 1885
1,000
Lake Gas & Light 1st mortgage, gold
1,000
P. G. L. A C— Refunding M., $40,000,000, g.F...c*<fcr 1897
1,000
Mutual Fuel Gas let mort., $5,000,000, gold, assumed. 1897
....
1,000
Calumet Gas Co. let mortgage, assumed
25
Phila. Electric— Stotik, $10 per ehare paid in (see text)....
Phila. Eleo. Trust Ctfs., gold, $17,500,000 (see text)... 1S99
1896 100 Ac
Edison Eleo. Trust Ctfs., gold (Ed. stk. as coll.)
1.000
Old Phila. Eleo. Tr. Ctf e. (Perm. H. L. & P. etook as col.) 1898
100
Pittsburg Coal— Common stocfe, $32,000,000
100
Pref. etook. 7 p. c, cum., $32,000,000
1902 25,000
for principal '06 '08
Coll. trust mort., g., cash dep.
m03
Notes for Monongahela River com. stock. U**i
P.C.ofPa.lst Acoll.tr.M.,g.,gu.,red.llO, s.f.UPI.eSfci 1904 1,000 Ac
,
453
1904, in V. 80, p. 709.
1903.
1902.
$11,854,800
$11,058,413
$5,414,438
$5,145,202
1,857,300
1,857,300
656,431
630,586
Balance for stock....
$3,134,145
$2,900,707
$2,657,316
$1,978,147
$1,978,146
$1,978,146
Officers.—Chairman of Board, C. K. G. Billings; President, Geo. O
Knapp; V.-P., A. N. Brady, 2d V.-P., Walton Ferguson; 3d V.-P., O.K.
Wooster; Treas., W. S. MoCrea; Sec, L. A. Wiley. Office, 54 Wall St.,
N. Y.— (V. 78, p. 1396; V. 79, p. 155, 1957; V. 80, p. 655, 709, 1916.)
Dividends, 6 p. o
Philadelphia Company.— See Pittsburg, in Street RT.SECTIOH•
Philadelphia Electric Co.—Organization.—Incorporated in
New Jersey on Oct.
5, 1899, Controls nearly all of the electric-light,
properties of the city; also in West Philadelphia and Chester. V. 73, p.
496, 680; V. 74, p. 1249.
Stock.—Authorized, $25,000,000, of whioh $12,250 in treasury; 40
per cent paid in; 10 per cent was in Apr., 1904, called for payment,
one-half June 1, balance Deo. 1, 1904.
V. 74, p 156, and circular, p. 215: V. 78, p. 1449. Dividends: From June,1902, to June, 1905,
Inclusive, 5 p. o. yearly on amounts paid in.
Bonds.—Collateral trust 4 per cent gold fifty-year certificates, dated
Oct. 16, 1899, amounting to $17,500,000 have been authorized, of
which $14,982,200 were used to purchase$14,994,100ofthe$l5,000,0o0
Penn. M'f'g. L. A P. stock ($1,500,000 paid in) and all the $17,500,000 Nat. Eleo. stock ($4,375,000 paid in), the balanoe to be
retained to acquire other electric properties in Philadelphia and adlacent counties.
See V. 69, p. 797, and official circular, p. 853; and
official statement, V. 74, p. 1249.
Under agreement of Oot. 12, 1899,
$2,000,000 old Phila. Electric certificates wore purchased, reduoing
the amount outstanding to $11,268,060. V. 70, p. 331. In Aug., 1900,
purohased $2,000,000 fours, mostly in the open market, the same
being held available as collateral for loans. V. 74, p. 215.
Report.— Year ending Dec. 31, 1904, with balance sheet, was In V. 80,
p. 1422. Total gross income, $3,873,911; expensee, taxes, etc,
$1,903,502; interest, $1,263,626; div., $406,261; bal., eur., +300,522.
President, Joseph B. MoCall; Vice-Pres., William F. Harrity; Seo'y,
A. V. R. Coe; Treas., Wm. P. Conover, Jr. Office, N. E. cor. 10th and
Sansom Sts., Phila., Pa.— (V.79, p. 1706, 2591; V. 80, p. 14*2, 1427.)
Pittsburg Coal Co.— ("Rail Coal Consolidation.")— Organiza-
tion.— Incorp. in N. J in Sept., 1899. Owns about 150 coal mines and
160,000 acres of coal lands in, or within a radius of 40 milee of Pitteburg, together with some 5,(00 coal cars operating over railroads radiating from Pittsburg. In Jan., 1902, leased Shaw Coal Oo. properties
(3,553 acres) 15 miles west of Pittsburg for 40 years. V. 74, p.
376. See V. 78. p. 765, 1449. In Nov., 1904 the coal properties of the
Pitteburg RR. Terminal & Coal Co., having a monthly output of
about 250,000 tons, were leased for 40 years. V. 80 p. 1238. In Dec,
1904, two mines were purchased from the Pittsburg Buffalo Co. and
In Mar., 1905, control of the Jones A Adams Co., Chioago. V.79,
.
p. 2699; V. 80, p. 1 1 15, 1 179.
In 1903 were purohased $15,000,000 of the $20,000,000 common
and $2,500,000 of the $1 0.000,000 preferred stock of the Monongahela
River Consolidated Coal & Coke Oo. at $15 and $45 per $50 share,
respectively. Payment was made for the common in non interest bearing notes due one-third Nov. 3 yearly for three years, and for the preferred in semi-annual instalments, beginning Jan. 20, 1904, equal to
6 cents per ton of coal rained from the Monongahela properties.
Amount
Outstanding
Rate per
Cent.
5
6
A
A
M. A
A
A
M.
5
$1,000,000
2,000,000
4,000,000
F.
g.
pal.When Due.
When Where payable and by Stocks— Laet
Dividend.
Whom.
Payable
N.
A.
8.
1. 1917
1, 1922
1. 1925
Oot. 1, 1932
To .Tn'e 1.1915
July 1, '06-'12
Nov.
Feb.
do
do
GIrard Trust Co., Phila. Sept.
Philadelphia Office.
Philadelphia.
Philadelphia office.
J Girard Trust Co., Phila
5 K. J.
N. Y., Central Tr. Co. May25,'05,lia
6 in 1904 Q.-F.
6g A. A O. N. Y., Central Trust Co. Apr. 1, 1943
5 g. J. A J. N. Y., Cent'l Tr. A Chic. July 1, 1937
5 «• J. A D. N. Y., Central Tr. A Ch Dec. 1, 1936
N. Chicago, Chic. Nat. Bk. Nov. 1, 1915
M.
7
6 g. J. A J. 111. Tr. A Sav. Bk., Chic July 1, 1915
5 g. M. A S. N. Y, Cent. Tr. A Ohio. Sept. 1, 1947
Nov. 1, 1947
do
do
5 g. M. A N.
6 g. .1. & J. Chicago Eq. Trust Co. July 1, 1917
J'nel5.'05,2ifl
Checks mailed.
D.
5 in 1904 J.
7.2'iO,000
5 g.
1,500,000
4=hg-
420,000
32,969,100
4,900,000
10,000,000
4,246,000
500,000
300.000
9,900,000
5,000,000
250,000
24,987,750
14,982,200
1,994.300
11,268,060
&
O.
D.
&
4g.
J.
5
A.
A.
5
g.
g.
32 000 000
32,000,000 See text
150,000
5g.
3,000,000 None.
25,000,000
5 g.
&
A
&
&
Oot., 1949
J. Land Title A Tr., Phila.
O. CityTr.,S.D.AS.Co.,Ph. Aft. Apr.,1946
O. LandTit.ATr.Co. .Phila. Apr. 1, 1948
Apr.25,'05,1%
Checks mailed.
Union Tr. Co.. Pittsb'g Feb., 1906'08
Nov. 3, '05 06
iCaeh on deposit fer prin.)
A J. Union Tr. Co., Pittsb'g Jan. 1, 1954
Q.-J.
Q.-F.
J.
made 25-year contract for the supply of coal to the
8teel Corporation. V 80. p 1427.
Application to list in fall, showing properties, rights of stock, etc,
was given in V. 80, p. 1*0 9.
Bonds.—The $25,000,000 first and collat. 5s of 1904 issued by the
Pittsburg Coal Co. of Penn. are guaranteed, principal and Interest,
They are a first lien on 160,000
by the Pittsburg Coal Co.
aores of coal lands and 13,000 aores of surface, and by collateral trust
on 7,000 acres of Hookine Valley coal and 8,400 aores of Pittsburgh
coal held under leases and deposit of all securities owned. The proceeds
will be used to fund the floating debt and for working capital and retirement of $5,400,000 bonds due in 1904-08 The issue is subject to
call at 110, in whole or part on any interest day, and has a sinking
fund of 5 cents a ton on run-of-mine coal, with a yearly minimum of
$600,000. Coupon bonds or registered bonds issued in exchange for
coupon bonds are to be called first, in numerioal order, beginning with
the lowest number. See V. 78, p. 1965; V. 80, p. 1919. To July, 1905,
In Apr., 1905,
U
S.
$907,000 of the bonds, it was reported, werejacquired by sinking fund.
BONDSD DEBT OF SUBSIDIARY AND CONSTITUENT COMPANIES. ETC.
Interest.
Outstanding.
Maturity.
Bonds—
M
6 g.. M&N
$794,000
May 1, 1923
Northwestern Coal Ry. 1st
162,320
Aug., 1908
OF&A
PUts & Castle Shannon Ry
85,000
Jan., 1906-14
6
Pitts. & Chicago Gas Coal Co
126,0(0
May, 1900-10
6
Imperial Coal Co
8«0.000
Oct.. 1905-13
Mansfield Coal & ^oke 1st M., guar.*
(Int. at Colonial Tr. Co., Pittsburgh, Pa.
p. &l„ due $40,000 yearly
1.
140,000
June, IhOO-08
5
J
Milwaukee Western Fuel
Due part yearly to Jane. 1900
\
5
Feb., 1922
Ohio Coal Co
k 2OO,O0O
„,,'*;
6AO
/
6
Pittsburgh & Moon Run
Various purchase money mortgages
(funds deposited to retire these at maturity.)
....
Car trust notes
*n
h„
„~m $52,000 due s. a. J 4«g.,M&N
„
do
do
gold, ,
™*
10U 000
1,437,364
Jam., 1912
Var.tol908
te 1909
to May, 1915
semi-annually.
Earnings.— For 3 months ending June 30, 1905, net, $574,556;
bond Interest, $304,550; bal., but., $270,006. V. 81, p. 269.
Dividends— On pref., 1900, to Oct., 1903, 7 p. yearly in cash; on
Jan. 25, 1904, 1*4 p.c in 6 do. interest-bearing scrip (paid offNov 25,
In July, 1905,
1904); since to Apr., 1905, Inol., 1\ p. c, quarterly.
wnm ^.
\
112.625
1,039,000
Dne 574,000
c
acti'n on the dividend was deferred; V. 81, p. 269.
Report.— Report for year ending Deo. 31, 1904, in V. 80, p. 708
showed net profits after deducting expenses and all losses, $4,261,811;
royalty and depreciation, $683,^29; interest on bonds, $1,250,000;
dividend (7 p. ) on pref., $2,176,741; undivided profits, appropriated
for preferred stock dividends and working capital, $150,941
Officers.—Francis L. Robbins, Chairman of the Board and Pres't
Treas'r, F. M. Wallace; Sec'y. P J.Le Moyne, 232 5th Ave., Pittsburg.
Directors, Feb., 1905, V.78, p. 824; V. 80, p. 874.— (V. 81, p. 269.)
Piit-b. Term. Wareh,
Transfer.-V.78,p. 2015; V.80, p.476.
&
Pocahontas Coal & Coke.—See Norfolk A Western Ry.
Pope Manufacturing Co.—Organization.— Incorporated In
New Jersey in Feb., 1903, as sucoessor per plan in V. 75, p. 1401, and
V. 76, p. 267, of the American Bioyole Co., which aoquired concerns
mentioned in V. 69. p. 177, 493. See application to list, V. 72, p.
536, and V. 73, p. 782, 1358, plan V. 75, p. 1401; plants, V. 78, p. 1965;
properties sold in 1905. V. 80, p. 1734. 2348.
Stock.— Common stock, $10,000,000); 1st pref, 6 p. 0. oum. (subjeot
to call at 110), $2,500,000; 2d 5 p. c pref. oum. after Feb. 1, 1905.
$10,000,000; par of shares, $100 eaoh, all outstanding. Stook is held
in a voting trust until Feb. 1, 1908.
Report for the year ending July 31, 1904, was in V.80, p. 115, 160,
showing Gross sales and earnings, $7,226,590; total net income,
$1,292,954; general expenses, int. etc, $1,241,961; bal., sur., $50,993.
Officers. President, Albert A. Pope; 1st Vice President, Albert L.
Pope; Treasurer, George Pope; Sec, Paul Walton. Directors, May
1904, V. 78, p. 1966. Office, 21 Park Row, N. Y. (V. 80, p. 2348.)
:
Postal Telegraph Cable.— See Commercial Cable Co.
Pressed Steel Car Co.—Organization.—Incorporated in N.
J.
on Jan. 13, 1899; a consolidation of plants at Joliet, 111., and Pittsburg, Pa. Prospectus in V. 68, p. 188, 131. Capacity of the works
about 120 oars a day of largest size. Competition, V. 73, p. 1316;
V. 74, p. 580. Leases plant at Hegewisoh. m.; capacity 50 wooden
ears daily. V. 74, p. 991, 835, 729. In Dec, 1904, leased plant at
Anniston, Ala. V. 80, p. 169. The Canada Car Co. is controlled by
Pressed Steel Car interests. V. 79, p. 245^, 2749.
Bonds.—The first mortgage gold bonds are subject to call in whole or
part at par and interest on any interest day. V. 72, p. 343; V. 74, p.
203. V. 75, p. 1305. There are also $75,000 Allegheny purchase
money bonds of 1902, part due yearly to 1911, inclusive; int. at 4 p. 0.
Dividends.— ( 1899 1900 1901 1902 1903 '04 To Aug., 1905,
Common, p c, I ....
6
4
4
5
3
None
Preferred, p 0. .'
7 p. 0. per annum (1% Q.-F.)
Report.— Report for year ending Deo. 31, 1904, with bal. sheet, was
In V. 80, p. 709, showing loss on operations, $707,111; depreciation,
$80,000; div. on pref (7 p. ), $875,000; div. on common (3 p. c),
$375,000; balance, def, $2,037,111. In 1903. net earns.. $2,768,897.
President, F. N. Hoffstot. N. Y. Office, 24 Broad St. New directors,
Jan., 1903, V. 74, p. 215; V. 76, p. 269.— (V. 80, p. 169, 709.)
Procter
Gamble Co.—Formed in 1890 under laws of New
Jersey to carry on soap, candle, oils and glycerine business; reincorporated in Ohio in 1905. V. 80, p. 655, 1916. In 1903-04 built a
new plant in Kansas City costing about $1,000,000. V. 76, p. 1 196.
DrvTDENDB- ) 1891. 1892 to 1897 incl. '98to '00. 1901 to Aug., '05.
On common... $ 8
12 per cent.
20 y'rly. *x2 yearly (Q.-F.)
*Also extra aivldend of 142, p
paid Jan. 2, 1904. V. 77, p. 2038.
On pf. in full to July, '05, lnol. Office, Cincinnati. (V. 80, p. 2463.)
«
&
.
—
)
J
INDUSTRIAL STOCKS AND BONDS
454
MISCELLANEOUS.
Jfor explanation of
Pref. stock (8 p.c, cum.). See terms in ed. May,'93,Sup.
Preferred, 7 per cent, cum., $13,500,000
Republic Iron <6 Steel— Common stock, $30,000,000
Preferred, 7 p. c, cum. (V. 69, p. 85 ), $25,000,000...
Collateral notes, $7,000,000. gold
c*
1st and col. tr M., $ 0,010,000 g., red. 105, text
C
Royal Bak'g Powder— Pref. stock, $10,000,000, 6* , cum
Rubber Goods Manufact.— Com. stock, $25,000,000. Ta..
Pref. stock, 7 p. c. cum., $25,000,000 (bonds, text).Ta
Safely Oar Seating d Lighting- Stock ($\000.000) ....
Simpson Securities- Stock ($1 ,000,000 8% cum. pref.)
Real e tate & coll. M. $1 500,000, g., red. l02»g_Coi.c*
.Simpson-Crawford Co , mortgage
Debentures gold
Singer Sewing Machine) Manufac'g— Stock, $30,000,000
Slots- Sheffield Steel <£ Iron— Common stock. $10,000,000.
Preferred stock, 7 per cent, non-oum., $10,000.000
Sloss Iron & Steel Co. 1st mortgage, gold. IV.
General mortgage, gold, subject to call at par.N
—
$100 $12,500,000
100 12,500,000 See text.
100 12,500,000
7
235,000
4
1,000
3,000,000
100
6,000,000
100
...
2,250,000
100 74,000,000
100 13,500,000
100 13,500,000
100 27,191,000
m
100 20,416,900
1904 1,000 Ac See text.
1904
1,000
See text.
100 10,000,000
100 16.941,700
100
9,051,400
too
4.921.000
100
1904
1000
,
1902
100
100
100
<
1887
1899
Provident Loan Society of New York.—Incorporated in New
York in 1894 under Special Act. Operates 4 loaning offices In New
York City and 1 in Brooklyn. Certificates of contribution. $1,000.000, on which dividends at 6 p o. yearly have been paid. Bonds (not
mortgage) outstanding, $2,000,000 twenty-} ear gold 4 * s, due Sept. 1,
1921, but subject to oail at 102 1* on and after Sept 1, 1906; interest
M. and S. at offioe; denominations, $500 and $1,000 each. See applications to list, V. 79. p. 2152; V. 80, p. 1182. Repoit for year end
ing Dec. 1, 1904, in V. 80, p. 1110. showed, grops earnings, $339,504;
operating expenses and fixed charges, $242,396; surplus, $97,108;
President, Robert W. De For•total surplus, Dec. 31. 1904. $292,096.
1
Treasurer, James Speyer; Secretary. Mortimer L. Schiff; VicePresident, Frank Tuoker; Asst. Treae., M. G. Ilopf. Office, 105 E. 22d
St., New York.— ( V. 80, p. 1 1 10, 1179, 1182.)
(The) Pullman Co.— On Jan. 1 1900, the Wagner Palace Car Co.
sold its assets to The Pullman Company, representatives of the Vanderbilts entering the board of direotors. V. 69, p 854; V. 70, p. 40.
Real estate not used in mfg. must be sold by 1909. V. 78. p. 771.
Cash Dividends. -) 1877-80. '81-83. '84-98. '99. 1900-04 1905.
Since 1877— P. ct. S 8 yrly. 9^ y'ly. 8 yrly. 6 1* 8 yrly. Inol. Aug ,6
In 1898 paid an extra cash dividend of 20 per cent and stock din
dend of 50 p. o. to distribute surplus assets. V. 67, p. 75. 789, 840, 902.
Report.— Report for 1903-04 was in V. 79. p. 1702, 2083.
1902.
1903.
1904.
Tears ending July 31.
Earns, from cars, mfg. profits, Ac. $24,788,729 $23,120,713 $20,597,903
est;
,
Operating expenses
Depreciation on cars, eto
Paid other deeping car ass'ns
Dividends on capital stock
$12,254,160 $10,389,460 $9,317,584
2,739,314
2,318,873
1,908,903
554,095
574,252
435,742
5,919,924
5,919,976
5,919,968
$3,741,625 $3,497,720 $3,015,750
Wet surplus for year
Total surplus July 31, 1904, $18,017,374, agst. $3,792,188 in 1899.
Pres.. Robert T. Llnooln. Chic. N. Y.. 15 Broad St.— (V. 80. p. 1916 )
Quiucy Mining.—V.78,p. 819; V. 80, p. 476, 1115, 1477.
Hallway Steel >prlng Co.— Incorporated in New Jersey on Feb.
35 1902, as a consolidation. V. 74, p. 382, 482. Official statement,
V. 74, P- 984. In June, 1902, purchased the Steel-Tired Wheel Co
each of common and preferred stock therefor.
Issuing $3,500,O(
V. 66, p. 185; V. 72, p. 444; V. 74, p. 1041, 1200; V. 75, p. 80. Total
.capacity of all plants acquired, 135,750 tons annually.
Dividends on pref., lV p. c. quarterly, paid June, 1902, to June,
Dlv. on common, 2 p. o., pad April, 1904; in
1905, both Incl.
April 1905,2 r. c. V. '8, p. 992. No bonds. Report for calendar
year 1901 In V. 80. p. 1000. 1036. showed: Net earnings. $1,089,943;
dlv on pre'. (7 p. c), $944,970; balanoe on baud Deo. 31, 190*. $1,705,886; div. on com. (2 p.c.) paid April. 1904. $''69,988; total sur
plus Deo. 31, 1904, $1,580,871. President, J. E. French; See., M. B
Parker; Treas., James C. Beaoh. Directors, March, 1905, V. 80, p.
1000. -(V. 79, p. 2476; V. 80, p. 1000, 105 6.)
Republic Iron & Steel Co.—Organization.— Incorporated In
N. J„ May 3. 1899. to consolidate 29 plants making bar and forge iron.
Also 'owns 7 blast furnaces, mining properties In Mesaba range, extensive Iron and coal lands in Alabama, etc; cose plant of the ConnellsvilleCokeCo. (See V. 71, p. 545) For properties merged see V. 68, p.
-674; V. 70, p. 228; V. 71, p. 454; V. 77, p. 455; V. 79, p. 1480, 17 02.
Stock.—Common, $30,000,000; pref. (as to assets and dividends), 7
which $ ', 809,000 common and $4,5s3,Yer oent cum., $25,000,000; of
00 preferred, reserved to purchase additional properties.
Pref. Divs.— Oct., '99, to Oot.,'03,7% y'ly; none since to July, 1905.
Bonds and Notes.— The 5 per cent notes, dated Oct. 1, 1904 (authorized amount $7,000,000), seoured by $10,000,000 first mortgage
sinking fund bonds, mature one ha f on Oot. 1, 1906. and the remainder on Oct. 1, 11.07. Or the notes, $6,300,000, supposed to be larcely
V. 79, p. 1480, 1644,
sold for improvements;
retired, were
1720; V. 80, p. 476. In Fen., 1905, the $10,000,000 bonds was sold.
The bonds are subject to tall for sinking fund of at least $250.(00
yearly at 105 and interest, and on Oot. 1, 1914, and thereafter as an
entirety at the same price. V. 80, p. 716. The neS casd assets over
liabilities other than bond issue never to be less than $6,50 >,000,
while outstanding bonds equal or exoeed that amount, and thereafter
uever less than amount of outstanding bonds. See V. 80, p. 1734.
Report.— Results for year end. June 30, 1904, were in V. 79 p 1702
Set profits, $1,306,068; improvements, renewals, etc., $1,560,256; dlv.
on pref. (1% per centl, $357,296; bal., def., $611,484.
Officers.— President, Alexis W. Thompson; Secretary, H. L. Rownd;
Treasurer, John F. Taylor. Main offioe. First Nat. Bank Building,
Chic; N. Y. office, 111 Broadway.-(V. 80, p. 1734; V. 81, p. 269.)
Rhode Island-Perkins Horne-Shoe Co.— See page 461.
,
Royal Baking Powder Co,—Organization.— A
li>
Feb., 1899.
under the laws of N.
Common stock, $10,000,000,
J.
consolidation
8ee V. 71,
p. 545,
$100; pref., see table above.
Dividends.- On pref., to June, 1905, incl., 6 p. 0. per an.— 1^ quar.
In 1904 8 per cent was paid or the common stook.
Pres Chas. O. Gates; Vice-P., A. H. Porter Jr.; Treas., John Morris;
L Garey. Office, Royal Bldg., William and Fulton Sts., New
8eo
York.-'(V. 72. p. 679.)
Robber Good* Mannfacturlng Co.—Organization.— Incorporated in New Jersev on Jan. 26. 1899, and acquired all of the stock
of the Mechanical Rubber Co., which owns the entire stock of—
New York Reltlug A Packing Co.. Stoui/bton Rubber Co Kabrlc Fire Ilc.se Co.,
Chicago Kubner Works and Cleveland Rubb.-r Co., the fearless. Rubber Mfg
Co Hartford Kubbt-r Wrks C<>. Indiana Rubber Co.. Indlunap<>l s Rubber
Co A.in*r Dunlop Tire Co., New Bruufwick Tire Co. and the Sawyer Lcottoi.
Melting Co and a large majority of stock of Mechanical Fabric Co., Morgan &
VVrlnhi and the Single Tube Auto A Bicycle Tire Co,
all out; par,
W
,
,'
:
Bonds— Princi-
INTEREST OR DIVIDENDS.
Pullman Company— Stock, $74,000,000
Railway Steel Spring Co.- Common, $13,500,000
incorporated
[Vol. lxxxi.
Date Size, or
Amount Rate per When Where Payable, and bj
Par
column headings, &c, see note on
of
first page of tables.
Bonds Value. Outstanding Cent. Payable
Whom.
Pope Manufacturing— Fret, st'k ($10,000,000 2d pf.) text
/Pressed Steel Car Oo.-Stock, common, $12,500,000
Pref. stock (as to assets), 7 p.c, non-cum., $12,500,000
....
MoKee'9 Rocks purchase money mortgage
1st M., gold notes, red., due $500,000 y'rly, Feb.Mo.o* 1901
^Procter <£ Gamble.— Common stock, $6,000,000
5 g.
Q.-F.
Q.-F.
1904
1904
<
Farmers' Bk. Build-
I
ing, Pittsburg, Pa.
do
&
5
pal,
When Dae
Stocks— Last
Dividend.
Aug.30,'04,1%
Aug.24,'05,1%
1909
do
A. N. Y., Morton Trust Co. 1906 to 1911
.— F./j Cincinnati, O., Co. Ofllce. Aug.15, '05, 3
F.
See text.
8 in
8 in
.
i J.O
Q.-F.
do
do
July 15/05.2%
N. Y., Farm. L. & Tr. Co Aug.15,'05,2%
Apr. 3, '05, 2%
See text. See text
7 in 1904 Q.-M. N. Y., Mi-trop. Trust Co, J'ne 20,'05,1^
7 in 1903
5 g5 g.
Q.
J.
Q.-J.
A.
&
O.
Q.-M.
6
See text. Q.-J.15
7 in 1H04 Q.-M.15
12 in '04
3 500 000
"e
329 000
1.000 000
1 1 (00
1
g.
General Office, Chicago
First Tr &8av.Bk,Chio
New York,
Checks mailed.
Checks mailed.
do
do
By check.
Q.-J.
J.
&
Oct. 1, '03, 1%
Oct. 1. '06'07
Oct. 1, 1934
J'neS0,'05,li«
July 15,'01,1%
J'nel5,'05,l\
July 1, '05,3 1«
Jan. 15, 1929
J
6g.
June 30, '05. 4
30,000,000 See text. Q-M.
7,500,000 See text. A. & O. N. Y. Guaranty Tr. Co Apr. 3, '05, 2>9
July 1, '05, IV
6,700,000 7 in 1904 Q.-J.
2,000,000
6 g. F. & A. N. Y., Central Trust Co Feb. 1, If 20
4isg. A. & O.
do
do
Apr. 1, 1918
2,000.000
These companies manufacture all classes of rubber goods, except boots aDd
shoes, princloally bicycle and solid and pneumatic vehicle tires, are hose, garden hose, >iir-brake hose, stetm h >se. belting, packing, hard rubber goods,
druggists' suncrles. rubber thread, etc.
V
See official statement In V. 68, p. 872. V. 68, p. 774; V. 71, p. S45i
80. p. 1858. 19/5.
In July, 1905, the U. S. Rubber Co. had acquired from a syndicate
$5,133,000 of the $9,051,400 pref. and $13,902,000 of the $16,94l,7(.0
common stock, end agreed to take over any of the remaining stook
which may be turned over by it prior to May 1 1906. For the pref.
an equal amount of U. S. Co. 1st pref. is to be paid and for the 00m. on
$10,000,000 of U.S. Co. 2d pref.. $50 of 2d pref to be deducted for each
$100 of Rubber Goods com on stick not acquired. V. 80, p. 1975, 2225
Dividends.— On pref., June, 1899, to June, 1905. 7 p. 0. per annum
(1%%Q.-M.) On common, 1900, 2 p. c; 1901, 3p. 0.
Bonds.—The bonded debt of companies controlled consists of:
$781,000 Mechanical Rubber Co. 1st sinking fund gold 6s, due Jan. 1, 1918;
S4~1.4z0 N V. Belting & Packing 1st mort. sink, fund deb. 6s, due Jan. 1, 1618,
subject to call at 110.
,
The General Rubber Co bonds ($9,000,000 authorized) are guaran
principal and intert-sf, by the Rubber Goods Mfg. and U. S.
Rubber companies. V. 81, p. 36.
teed,
Report— Report for year end.
Mar. 31,'05,V. 80,
p.
1422, showed:
Net $620,342; pref. div'ds (7 p. 0.) $563,598; sur., $56,744.
Officers.— President, Charles H. Dale; Vice-Presidents, Talbot J.
Taylor, Ernest Hopklnson and Chas. A. Hunter; Seo and Treas., Harry
Keene. Gen. office, 15 Exchange Place, Jersey City. N. J. N. Y. office,
253 Broadway. Direotors. April. 1905, V. 78, p. 1449; V. 80, p. 1427.
,
-(V. 80,
p.
1422, 1427, 1858, 1975;
V. 81, p. 36.)
Safety Car Heating & Lighting.— Organization.— Incorporated in 1887 In New Jersey. Manufactures "Pintsoh" light apparatus, whloh May 1, 1904, was in use on 23,600 oars in the United States.
1902. 1903. 1904.
1905
Divid'ds- ) 1893 97. 1898-00. 1901.
12
12 lnol.J'ly,7
Cash (p.c.).. 5 6 yrly. 8 yrly. ll&lOstk. 9
Report.— Report for year ending March 31, 1905. in V. 80, p. 2218,
showed combined net earnings of Safety and Pintsoh cos. were $1,393,842; divs. on Safety Co. stock (12 •« per cent), $615,li.3; dividends on
Pintsoh Co. stock, &c, $265,200; bal., sur., $513,519. Pres, Robert
Andrews. Direotors include: Robert Andrews, R. M. Dixon, Wm. Barbour, A. C. Soper, Wm. A. Read, J. E. French, O. C. Gayley, P. B.
Wyoboff, E. M. Bulklev and Geo. F. Bakor Jr. Main Office, 160
Broadway, N. Y.-(V. 79, p. 150; V. 80, p. 2218.)
San Francisco Gas &. Electric Co.— See page 462.
Securities Co.— Organization.— Incorporated in New
20, m04. Owos $1,500,000 of the $2,500,000 common and
*2,396,- 00 of the $2, 00,000 8 p. o oum. pref. i-tock iparof shares,
$100 eaoh) of the Simpson Crawford Co having department store on
6th Ave.. 19th to 20th sts , NT Y.
Of the 6s of 1904, $171,000 is reserved to r. tire the debentures.
Th*y are subject to call at 102 Mi y a sinking fund amounting to $2
000 per annum for three years ending Jan. 1, 1908, and $50,000
thereafter. V. 80. p 790.
Cal. year 1904 net ea: nings were in exoess of $200,000. V. 80, p. 790.
Singer (Sewing machine) Mfg. Co.— Organization.— Incorporated in 1873 In New Jersey under speoial act. Plants are located at
Elizabeth. N. J.: Kllbowie.near Glasgow; St. Johns, Que., etc.
Stock, $30,000,000, having been increased in Dec, 1900, by 200 per
oent stook dividend, capitalizing surplus. V. 71, p. 1224, 1273. Cash
dividends, as reported, were: In 1898, 30 p. c; in 1899, 100 p. c; In
1900, 20 p 0. Dividends on stock as inoreased 1901 to June, 1902, inol.,
7 p. 0. yearly (paid Q.-M.); Sept;. 1902, to Dec, 1903, both incl., 3 p. 0.
Sept.. 19 p. o Dec, 4 p. 0..
quarterly; Mar., 1904, 4 p. c; June, 4 p.
1905, Mar , 4 p. c: June, 4 p. 0. Offioe, 149 B' way, N. Y. -(V.79, p. 2208.}
Simpson
Y"ik June
,
V
1
;
;
&
Iron Co.—Organization.— IncorporSloss-Sheffleld Steel
ated in New Jersey and in Nov., 1899, acquired several properties or stock representing the same. See prospectus, V. 69, p. 286,
V. 70, p. 1099; V. 71, p. 185, 545\ V. 72, p. 779; V. 76, p. 659 Stook,$2,500.000 common and $3,300,000 pref. was reserved for a steel plant
and future requirements. See listing, V. 70, p. 1200, showing properties, rights of preferred shares, etc.; also V. 72, p. 774; V. 78, p. 1177.
Dividends on preferred, April, 1900, to July, 1905, 7 p. c yearly
First dlv. on oommon (semi an ), 2>* p. o , 1 aid Apr. 3, 1905.
(Q.-J.)
Earnings for 6 months ending May 31, 1905 (partly estimated)'
net,$7H3,669; agst. $480,914; Int. and taxes, $120,000; ulv. on pref.»
$228,000; bal., sur.. $435,669. Report for year ending Nov. 30, 1904,
given at lt-ngth in V. 80, p. 1361, 1373, showed net above depeclation,
etc, $693,637; bond interest, $210,000; dlv. on prof., 7 p. c, $469,000; sur., $14,637. Total sur. May 31, 1905, $2,729,730. President,
J. C. Maben; Seo. and Treasurer, E. L. Morris, Birmingham. Ala. New
direotors. March, 1904, V. 76, p. 658; V. 78, p. 1171. -(V. 80, p. 2483.)
Somerset Coal Co.—Organization.— Incorporated in PennsjlvaniaaboutJan 1, 1902, and acquired various properties on B.&O. RR.
Coal mined in 19(4, 8s3,493 tons. Stock,
In Somerset Co., 1'a.
$4,000,000, all of one class, of which $2,001, 100 is owned by Consolidation Coal Co., which see: par of shares, $100. V. 78, p. 1272. First
dividend, 2 p.
, paid Feb. 1, 1904; Feb.. 1905, none.
($1,000
Bonds, $4,000,000 thirty-year sinking fund gold 5s,
eaoh), due Feb. 1, 1932, subject to call at 110, of which $2,933,000
were outstanding. V. 78, p. 1272. Report for year ending Dec 31,
19(i4. in V. 80, p. 13til, showed: Gross earning*, $975,299; net,
$183 896; otlu>r income, *29,361; Int., depreo'n, sink, funds, etc.,
$188,518; bal., sur., $24,739. President, O.W.Watson. (V. 80, p.l 30 1 .)
Southern Sc Atlantic Telegraph.—Leased to Western Union
(whloh owns $390,475 of stook) and stook guaranteed by rental 5 p. c.
\
.
July,
INDUSTRIAL STOCKS AND BONDS.
1905. J
MISCELLANEOUS.
Date
Size,
or
§*
S*
,
-
—
ceeded in June, 1899, to the Standard Oil properties, held by liquidattrustees.
See Supplement for April, 1899, and V. 68,
ing
Controls petroleum oil refineries in all the prinp. 1227 V. 69, p. 28.
cipal Northern cities of the United States, and produces about 65 per
cent of the country's total output of rettned oil also oontrols oil wells
in Penn., Ohio and W. Va., and has pipe lines to tidewater. V.66, p.
1239; V.69.P.745; V.71,p.l273; V. 76, p. 387, 870; V. 77, p. 1536.
STOCK.—Common, $100,000,000; $10,000,000 preferred canceled.
Drvs.— ) 1891-95. '96. '97. '98. '99. '00. '01. '02. '03. '04. 1905.
Per cent. 5 12 a yr. 31 33 30 33 48 48 45
44 36 Incl Jne,24
1904, March, 16 p c: June, 8 p. o.; Sept., 5 p. o.; Deo,, 7p. c 1905,
Mar., 15 p. c,; June, 9 p. o.
Officers.— President, J. D. Rockefeller; Treasurer, W. H. Tilford,
Secretary, C. M. Pratt. Office, 26 Broadway. N. Y.
Directors.—J. D. Rockefeller, William Rockefeller, H. M. Flagler,
J. D. Arohbold, H. H. Rogers. W. H. Tilford, C. M. Pratt, O. H. Payne,
E. T. Bedford, C. W. Harkness, J. A. Moffett, F. Q. Barstow and Walter
Jennings- (V. 79, p. 1E6, 2152, 2208; V. 80, p. 1001; V. 81, p. 158.)
Standard Rope A Twine Co.—See page 462.
Swift A Co.— Organization.— Incorporated in Illinois April 1,
1885. Has packing plants at Union Stock Yards, Chioago; at South
Omaha, Kansas City, East St. Louis, South St. Joseph, South 8t. Paul
and Ft. Worth. Report of Bureau of Corporations, V. 80, p. 1001, 1062.
Stock and Bonds.— Early In 1904 the stock was increased from
$25,000,000 to $35,000,000 by sale to shareholders at par, to purchase
wholesale distributing markets, refrigerator oars, etc V. 77, p. 2287;
;
;
;
V. 78, p. 233. Divs. since 1888: '89 to '94, lncl., 8 p. c; '95 to July,
,98, incl., 6 p. c; Oct., '98,toJJuly, 1905, 7 p. o. Bonds, see table above.
Report.— Report
for year ending Deo. 31, 1904, with bal. sheet, was
In 1902-4 sales were about $200,000,000 yearly,
against $170,000,000 in 1900.
Chairman. E. C. Swift; President,
Louis F. Swift; Vice-Pres., Edward F. Swift; Treas., L. A. Carton; Sec,
E. Hartwell Asst. Treas., I. A. Vant. Directors, Jan., 1904, V. 78.
D.
p. 233.— ( V. 79, p. 905, 969; V. 80, p. 161, 603, 1001, 1062, 1239.)
Syracuse Lighting Co.—V. 77, p. 248, 302, 399; 1299.
Temple Iron Co.— Organization.— Incorporated 1873 in Pennsylvania, and in Maroh, 1899, purohased anthaoite ooal properties of
Simpson A Watkins around Scran ton, Pa.— V. 69, p. 231. Controlled
In the Interest of Del. Laok. A West., Cent. RR. of N. J., Reading Co.,
Lehigh Valley, Erie and N. Y. Susq. A West whioh scuarantee both
stook and bonds. See V. 71, p. 1124, 1170; V. 78, p. 2015.
Stock and Bonds.— Stook la subject to call at par and Interest on
{or after) Jan. 1, 1904, on 6 months notice, but absolutely payable by
the RR. co's Deo. 31, 1906. Held In voting trust by Guaranty Trust
Co. Bonds are secured by stocks of properties owned and are subjeot
to call by sinking fund of 15 cents per ton on ooal mined at 110 and
Interest; they are guaranteed, but severally In different proportions,
by the railways above named. Bonds for $11,000,000 are reserved
for additions. V. 71, p. 1124, 1170; V. 75, p. 926.
Officers— President, Geo. F. Baer, Philadelphia, Pa.; Vioe-Pres't
and Treasurer, A. F. Law, Scranton, Pa.; Secretary, Geo. L. Houser.
Directors, V. 74, p. 732.-(V. 75, p. 926, 1403; V. 78, p. 2015.)
In V. 80, p. 161.
;
,
Tennessee Coal Iron A Railroad Company.—Organization.
—Owns
steel rail mill, blast furnaces, coal mines, Iron mines, foundries,
in Tennessee and Alabama. V. 70, p. 588; V. 75 p 621
On Nov. 30, 1899, the Alabama Steel A Shipbuilding Co. plant was
opened at Ensley City.
The plant has ten open-hearth furnaces
of 50 tons each and a capacity of 1,000 tons of steel billets and slabs
dally, and Is leased to the Tenn. Coal Iron A RR. Co., which
guarantees its $1,100,000 6 per cent bonds, and $440,000 6 per oent
preferred stook. V. 70, p. 591. The oommon stook, all owned by the
Tenn. C. I. A RR. Co., carries control of stook. V. 66, n. 1002. 1235:
V. 67, p. 127, 801; V. 70, p. 1196; V. 72, p. 584.
Dividends.—On com. in 1887. 1 p. c: in 1900, 6 p. c; 1902 to 1904,
none; 1905, May 1, lp.c.j Aug. 1, 1 p, c. Pref. paid In full to Aug., 1905.
STOCK.—Authorized com. stook, $23,000,000. V. 70, p. 382, 483, 589
Bonds. Of the $15,000,000 general gold 5s of 1901. $3,000,000
were sold to complete the steel mill at Ensley, having an annual capacity of 100,000 tons of rails and 200,000 tons of steel and other
forms; $10,653,500 were reserved for existing bonds bearing 6 and
7 per oent interest (of which $619,000 had been issued in Jan., 1905.)
and the balance for Improvements. V. 72, p. 876, 940, 989 V. 73. d
P
'
86, 554, 1117; V. 77, p. 93. 2162; V. 80, p. 169.
Report.— Report for 1904 In V. 80, p. 1970, 2217. In 1904 output
was: Coal, 2,756,300 tons; coke. 871,532 tons; Iron ore. 1.208,038
tons; limestone and dolomite. 218,484 tons: foundry and basic pig
iron, 47.\314tons; total finished product steel works, 138,698 tons;
Bessemer rolling mill product, 16,668 tons.
Year end. Dec. 31—
1904.
1903.
1902.
1901.
Tot. net profits. ...$1,562,797
$2,904,976
$2,602,778
$1,725,638
Ac,
;
on bonds, Ao.
Depreciation,
Dividends
Bal. for year
Ac.
761,583
304,9 5
19,006
739,527
411,422
19,864
750,283
419,537
23,174
862.189
359,234
19,864
sr.$477,253 sr.$l,734,163 sr.$l,409,785 sr.$484,351
Directors (May, '05)—Cord Meyer, James T.Wood ward, D. H. Bacon
B. F. Traoy, H. R. Sloat, James H. Smith, William Barbour, A. B
Boardman, F. S. Witherbee, John E. Borne. Andrew W. Smith and S*
L. bohoonmaker t of New York; H. 8. LeRoy of Birmingham, Ala
Whom.
Payable
Standard Milling— Stock (preferred, 5%non-oum.)
$100 $6,900,000 2 in 1904
3,537,000
1.000
First mortgage, gold, $6,250,000 OTLp
o* 1900
2,713,000
UnderlylnK mortgages undisturbed
$100 98.338,300 36 in '04
Standard Oil— Stock, $100,000,000
1896
1,000
2,740,000
Stand. Rope <& Twine— 1st M., g., s. f., to call at 105.ITIa.o*
Consol. M.,non-cum., incomes, g., to call at par...Ce.o* 1896
1,000
6,805,330
dk Co.— Stock, $35,000,000
100
35,000,000 7 In 1904
Swift
5,000,000
1st M., $5,000,000, gold, call after July, 1910.. AC. .. 1900 500 Ac
100
Temple Iron— Stock, $5,000,000, guar, see text..
2,500,000
Mort. A coll. tr. bonds. $15,000,000, g., gu. s. f., text.G.o* 1899
1,000
2,813,000
4 g.
Tennessee Ooal Iron <6 RR. Co. — Stook, com non
100 22,552,800 See text.
100
248,300
Pref stock, 3 per cent, oum
8
Birrn'gh'm, Ala., Div.,con. M. .g., s. f. 1%, not d'rn.Ce.o* 1887
1,000
4,039,000
6g.
Tennessee Div. bds, g.,s.f. 1^% yearly, notdr'n.Ce..o* 1887
1,000
1,160,000
6g.
De Bard. M., g., ass., s. f., $30,000 y'ly, not dr'n.F..o* 1890 500 &o.
2.729,000
6 g.
Tenn. Coal Iron A RR. gen.M.,g., $15,000,000. Un...o* 1901
1,000
3,526,000
g
Ala. Steel & Shipbuilding, pref. 6 p. o. cum., guar
440,000
i
1st M., g.,gu., s. f., reg., red. 110 begin. Jan., '07..UIa 1898
1,000
1,100,000
§*
Cahaba 1st M., $1,100,000 g., gu., s. f., red. at llO-Ce.G" 1892
1,000
892,000
Bag A Paper— Pref. si'k (as to as. A div.), 7%, cum.
Union
100
11,000.000
1905
1st M., $5,000 000 g., red. 105,8. f.Ta
f It1,000
2,200 000
Union Ferry—Stock
100
3,000,000 See text
let M., gold, red. at 110 after Nov. 1,1895
1890 100 &o.
2,200,000
5 g..
Union Steel— 1st Acoll.M., $45,000,000, g., gu., s. f.N.o'&r 1902 l.OOO&o 35,940,000
5 g.
Union Typewrite) Common stock
100
10,000,000 6 in 1904
100
1st 7 per cent preferred stook, cumulative
4,000,000 7 in 1904
2d pref. stock, 8 per cent, cumulative, $5,000.000 autb.
100
5,015.000 8 in U'04
Southern New Eng. Teleph.— (V. 80, p. 2398; V. 81, p. 269.)
Spring Valley Water Co.— See page 462.
Standard billing Co.— See page 462.
Standard OH.— Organization.—This New Jersey corporation suc-
455
INTEREST OR DIVIDEND8.
per When Where Payable, and by
Amount
Rate
of
Par
For explanation of column headings, Ac, see note on
Bonds Value. Outstanding Cent.
first page of tables.
Int.
9
lionas— Prlnol
W hen Due.
Stocks— Last
Dividend.
pal,
& O Off.. 37 Wall St., N. Y. Apr.12,'05,1%
M. A N. N. Y., Metropol. Tr. Co. Nov. 1, 1930
Semi-an
New York.
1911 A 1922
Q .—M. N. Y., 26 Broadway. June 15, '05,
F. A A. Aug., '04, int. last paid, Aug. 1, 1946
Aug. 1, 1946
q -J. New York and Chloago. July 3, '05, 1*
,i.
A J. N.Y..N.Bk.ofRep.ACh. July 1, 1914
A.
j.
&
A
J. N. Y. Guaranty Tr. Co.
J. N. Y.. Guar. Trust Co.
Julyl/05,3%
Jan. 1, 1925
Aug. 1, '05, 1%
do
N. Y., Hanover Bank, Au K 1, '05,!.%
do
do
Jan. 1, 1917
J. A J.
do
do
Jan. 1, 1917
A. & O.
do
Feb. 1, 1910
F. A A.
do
do
July 1, 1951
.1.
do
A J.
,r.
A J N, Y., Hanover Bank, July 1, '05, 3%
do
July 1, 1930
ao
j. & J.
do
Dec. 1, 1922
do
j. & D.
from Co's office. Julvl5,'05,l%
q .-J. Check
New York
July 1. 1930
& J
Jan.3, '05, >a%
Co. office, Brooklyn.
q .-J.
M & N. N. Y.,Corn Exch. Bank. Nov. 1, 1920
r.
A D. N.Y.,N.Y.Sec ATr. Co. Dec. 1, 1952
A. & O. Check from Co.'s office, Apr. 1, '05, 3%
Apr. l,'05,3i«
do
do
A. & o.
Apr. 1, '05, 4%
do
A. & o.
do
,r.
Q .— F.
Q ,-F.
do
.
.i
Chairman of Board and President, Don H. Baoon; Secret'y and Treas'r;
UT. Beeoher. 100 B'way, N. Y.-(V. 80, p. 1858, 1970, 197% 2217.)
Texas A Pac. Coal Co.—See this Section of Apiii, 1905.
Texas Pacific Land Trust.— V. 80, p. 874, 1062; V. 81, p. 209.
Trenton Potteries Co.— See 8eotion of April, 190
Trow Direct. Print. A B'kblnd.— V. 69, p. 1060; V. 71. P. 962.
Union Bag A Paper Co.—Organization.— Incorporated in New
Jersey on Feb. 27, 1899, as a consolidation of over 90 p. c of the paper
bag business of the country. V. 68, p. 430; V. 69, p. 182. See V. 71. p.
Assets and list of properties see prospectus, V. 68, p. 333,
i4j.
rights of stook, etc, V. 68, p. 675. Statement for year ending Feb;. 1,
1905, with balanoe sheet, was In V. 80, p. 1422, showing net earnings,
$906,419; dividend on pref. (7 p. c), $770,000; balance, $'> 36.419,
Bills payable Jan 31, 190A, $915,000. Stock, common, $16,000,000,
Pref., $10,000,000, see table above.
of 1905 ($5,000,000 authorized), $2,200,000 was
so d to pay the floating debt, acquire additional timber lands and other
property. Increase working capital, etc. The remaining bonds are
reserved for future purposes, any property acquired to be i laced
under the mortgage. V. 80, p. 2402; V. 81, p. 269.
Dividends.—On pref., July, 1899, to July. *05. 7% per an. (1
quar.)
Officers —President, L. G. Fisher; 1st V.-P., Edgar G. Barratt; 2d
V.-P., John H. Derby; Treasurer. Geo. R. Sheldon; Sec, W. L. Sparks.
New directors Apr., 1904 V. 78. p. 1449. Offloe, 17 Battery Plaoe,
N. Y.-(V. 80, p. 1422, 2402, 2625; V. 81, p. 269.)
Union Depot Co; of Columbus, O.—The P. C. C. A St. L. owns
a half Interest ln'this property.— (V. 63, p. 117; V. 64, p. S04.)
Union Electric Light
Co., St. Louis.—See p. 462.
Union Ferry.— Operates five ferry lines between New York and
all
outstanding; par, $100.
Bonds.— Of bonds
%%
A Power
Brooklyn. Capital stook is $3,000,000 par $100. The mortgage oovers
19 ferryboats, real estate, etc Dividends: In 1894, 4 p.c; 1895, 4; In
1896, 4; in 1897, 4; in 1898. 3^; in 1899, 3; 1900, to Jan.. 1905, 2p.o.
(^ p. c. Q.— J.) In Maroh, 1905, dividends were suspended. V. 80,
p. 1125. Terms of lease expiring May 1, 15.06. V. fcO, p. 2225. Pres.,
J. D. Falrohild.— (V. 80, p. 1125, 2224.)
Union Steel Co.— The United States Steel Corporation, whioh took
possession as of Jan. 1, 1903, owns the entire $20,000,000 stock, and in
consideration therefor, and the furnishing of $10,000,000 cash for improvements, extensions, etc, guarantees $45,000,000 of new 5 p. c
bonds, of which about $5,000,000 will remain available for future requirements. See V. 75, p. 1359; V 75, p. 1150; V. 74, p. 100.
Plants at Donora and Sharon, Pa., with daily capacity as follows: 5 blast
;
furnaces, 2,500 tons; 21 open- hearth furnaces, 2,400 tons; 6 blooming, slabbing
and sheet bar mills, 3,200 tons; i rod mill9, 800 tons; 2 wire and nail mills, 7.000
kegs: 1 tube works, 300 tons; 1 plate mill, 400 tons; 1 tin-plate plant, 3,600
boxes; 1 sheet plant. 100 tons: 1 by-product coke plant (212 evens), 1,000 tons.
Coking coal property in lower Connellsville district, 4,740 acres of coal and
810 acres of surface.
Steam coal property on the Monongahela River, 1,524 acres of coal and 170
acres of surface. Two modern steel-ore steamers.
The Sharon and Penobscot mines
(in fee) and Donora and Sweeny mines
on the Mesaba range, estimated to contain 40.000,000 tons of iron ore.
Bonds.—The first and collateral 5s of 1902 ($45,000,000 authorized
issue are guaranteed, principal and Interest, by the United States
Steel Corporation, and are secured by all the property of the company,
including the Sharon Steel stock acquired. They are subject to oall
After Dec. 1, 1907. at 110 and interest. Of the bonds $37,626,000 have
been issued, of which $1,6^6,000 were held alive in sinking fund
on January 1, 1905, $3,500,000 are to be used to retire underlying bonds and $3,874,000 are reserved for future purposes An
annual snking fund payment of 2 per cent of the amount of bonds
outstanding. V. 75, p. 1150; V. 76, p. 107, 546. Guaranty V. 76, p. 709
Underlying bonds Date. Interest. Outstanding.
Maturity.
Sharon Steel 1st M.g. sink. ) 1900 5g.
$841,000 Oct. 1, 1940
fund
5 SubJ. to call at par after Oct 1,1910.
Sharon Steel M. (1st on 11901 5g.
1,000,000 June 1,1941
tube mill, 2nd on other >Subj. to call at 105 to June 1, 1911, thereproperty)
after at par.
)
Sharon Sheet Steel first \ 1901 5g.
500,000 Nov. 1,1921
mortgage
Subject to call after Oot. 1, 1906.
\
5g.J&D 1,250,000 Dec 2, 1931
$ 1901
Sharon Poke l st
coke 1st
f 8ubJeot t0 call af ter 5 year8
(V. 75, p. 1359; V. 76, p. 107, 334, 545, 709; V. 78, p. 1171, 1227.)
Union Switch
Signal.— V. 78, p. 819. 1171; V. 80, p. 1057,
Union Type Writer.— Organized in 1893 in New Jersey. A
combination including Wyckoff, Seamana A Benedict (Remington),
Yost Writing Maohine, American Writing Machine (Caligraph), Smith,
Premier Typewriter and Densmore Typewriter cos. In 1904 stock,
holders subscribed to $1,000,000 2d pref. stock at 102.— V 79, p. 1481.
Divld's. '93. '94. '95. '96. '97. '98. '99. '00. '01. '02. '03. '04
1905.
lstpref.,p.o.3ia 7
7 Apr.,3*«
7
2d pref., p.o.
6
16 16 8 8
8 Apr., 4
Com.stk, p.o
6
6
6 Apr., 3
(leases)
A&O
JAD
MAN
M
—
A
00
77777 777
6888
Pres., Clarence W. Seamans; Sec, Geo. K. Gilluly. Office, Jersey
City, N. J.-(V. 78, p. 1171; V. 79, p. 1481; V. 80, p. 1125, 1427.)
United Box Board A Paper Co.— See page 462.
United Copper Co. of lUoutana.— Organization.— Incorporated in NewJerseyon Apr. 28, 1902, and owns about 95 per cent of stock
and all the bonds of the Montana copper properties developed by F.
Augustus Heinze and associates, producing about 42,000,000 pounds
annually, viz.: Montana Ore Purchasing Co., Nipper Consol. Copper Co.
Minnie Healey Copper Mining Co., etc. V. 74, p. 942; v. 80, p. 1486
2395. In year 1904 output was 35,600,000 lbs., against 28,863,388
lbs. in
1903.
V. 77, p. 455; V. 76, p. 870.
;
:
INDUSTRIAL STOCKS AND BONDS.
456
MISCELLANEOUS.
Date
or
Size,
Par
For explanation of column headings, &c, see note on
of
first page <•! tables.
Bonds Value
United Box Board
<£ P.— 1st M., $3,500,000, g.red.Uo.o*
Proposed gen. M., $4,500,000, g.,red. »f '09,$50,000 y'iy
United Ooppei Common stock, $75 000 000 authorized.
Stock, 6 per cent, gold, cumulative, preferred
U nited Fruit— Stock, $20,000,000
Debentures, g.. OB. conv., red. at 110 after Jan '03..
No.Ry.of Costa Rica,lstM.,g.red.l05,s.f.&int.gu.OR.o*
United Gas Improvement Co— Stock, $36,725,000
United Lrad— Debentures, $12,000,000, gold.
-.
United Shoe Machinery Oorp —Com. stock $35,000,000..
Preferred stock, 6 per cent, cumulative, $15,000,000
U. 8. Oast Iron Pipe <& Foun Co.— Pref .stk.,7 p.c.,non-cum.
U. 8. Cotton Duck.— See Consolidated Cotton Duck Co
U. 8. Envelope— Pref. stock, 7 p. c, oum., $4,000,000
1st Mort., g., red. after 1908 at 104, s. f
Deben., gold, part due yearly, red. at 101, begin. 1907..
United States Express Stock
United States Leather— Hee Central Leather Co.
United States Mortgage <£ Trust— Stock
1st mort. trust
j "E" & "F" g.,red. after 10 yrs.o*<fer
o*
bonds.
I "G" to "N" g., red. after 5 years.
U. 8. Realty <& Imp.— Stock, $30,000,000 authorized. N..
Deben., $13,506,000, g., conv. within 2 yrs. red.105.Nc*
United States Rubbei Common ($25,000,000 authorized)
1st preferred <$»0.000,000 author.), 8 p. o., non cum...
2d pref ($10,000,000 auth ), 6 per cent non oum
1903
1905
—
|$ 1,000
"*100
100
1100
1,000
1,000
1901
1900
,
50
Mo
1903
1,000
25
25
100
100
1898
1902-4
—
1,000
1,000
100
100
1897-8 1,000
'98'02 100 &o.
100
1904
—
1,000
100
100
100
Stock authorized, common, $75,000,000; present issue, $45,000,000;
balance being res-erved for
new properties
6
oum.; $5,000,000. Par of shares, $100. V. 75, p. 139. Dlv. on preferred paid
Nov. 1902, to May, 1905, inol., 6 p. o. yearly (M. & N.) First div. on
common, ^ p. o. and ^ p. o. extra, payable July 31, 1905. No bonds.
Decision. V 77, p. 513; V. 78, p. 50; V. 80, p. 2395, 2463.
Report for year ending June 1, 1905, in V. 80, p. 2395, showed:
Total income. $1,573,854; taxes and general expenses, $16,789;
dlv. on pref. stook (6 p. c), $300,000 bal., but., *1,257,065.
Officers.— President, F. Augustus Helnze; Vice-Presidents, Arthur
P. Heinze and John McGinnis; Treas., Stanley Gifford; Sec, Stanley
Glfford. Directors, V. 74, p. 1146; V. 81, p. 36.— (V. 81, p. 36.)
;
pref.
p. o.
United Electric Co. of New Jersey.—See Street Rt. Sup.
United El. L. 6c Power Co., N. If.—See Consolidated Gas.
United Fruit Co.—Organization.—Incorporated in New Jersey
on March
30, 1899. to control the tropioal fruit business.
statement, V. 69, p. 854. Properties owned, see reports V. 71,
p. 1011, 1020, V. 73, p. 1060, and V. 77, p. 2096; V. 79, p. 2475 V. 74,
Northern Ry. of Costa Rioa. see V. 71, p. 1067;
p. 1095; V 75. p. 621.
V. 75, p. 851; V. 80, p. 223. As to Nipe Bay Co.,Cuba, see V.81, p.215.
Stock.— In Apr., 1905, issued $1,503,000 stook at 104, making outstanding $17,482,000. V. 79, p. 156, 632; V. 80, p. 1001, 1062.
Official
;
Dividends-
'02'
'03.
'04
'05.
01.
10
Per cent. S
8
7
7
7 Omos.JS^
Bonds.—Debentures are convertible Into stock at the option of the
holder, and are subjeot to call in whole or In part at option of company. V. 73, p. 240, 295. 496; V. 75. p. 803; V. 79, p. 156. In Mar..
1905, $1,901,000 of the $4,250,000 bonds had been converted and
$100,000 purchased for sinking fund and oanceled; $250,000 In
addition to amount shown as outstanding above were owned
by a subsidiary company. As to $1,000,000 bonds of Elder & Fyffes
Shipping Co., see V. 77, p. 41.
Report.— Report for year ending Sept. 30, 1904,with remarks, com
pared with 12 months in preceding year, was in V. 79, p. 2453, 2475.
Earnings
Net
Miscel.
Dividend
Balance,
Fiscal
Earnings.
Sub. Out.
Charges.
on Stock.
Surplus.
Oct., '99.
21$
)
'00.
Tear
1,804,895 net 272,880 137,425
(7)967,675 972,674
1,852,544 net 225,204 229,595
(7)
877,150 971,003
Andrew W. Preston, Prest.; Vice Prest., Minor C. Keith; Treas'r,
Charles A. Hubbard; Seo'y, Bradley W. Palmer; Asst. Treas. James F.
Tilden. Gen'l offices, 131 State St.. Boston, Mass.— (V. 81. p (215.)
(The) United Gas Improvement Co.—Organized 1882 In Pennsylvania; reorganized in 1885. Charter is perpetual and business is
the building, leasing and operating of gas works (see list in 1900, V.70,
p. 1000, 944); also interested in certain trolley lines and eleotrio- lighting properties; also owns Kansas natural gas properties. See List and
capitalization of operating cos. In V. 79, p. 498, and editorial p. 478;
V. 79, p. 2090; V. 80, p. 2342.
Stock.—The stockholders voted May 4, 1903, to increase the stock
from $28,250,000 to $36,725,000. V. 76, p. 334, 1038.
Dividends— Slnoe 1888. 8 p. o. per annum, payable quarterly. In
Jan., 1896, paid extra dividend of 15 p. o. In convertible scrip.
Report for 1904, in V. 80, p. 1856, 2342, showed profits of $4,470,844.
Pres., Thomas Dolan; 4th V.-P. and Treas., Lewis Lillie; Seo W. F.Douthlrt, Broad <fe Aroh 8ts., Phlla. (V. 80, p. 1977, 2342, 2348.)
,
United i ead Co.—Organization.— Incorporated in New Jersey
In Jan., 1903, by Interests identified with the American Smelting
Refining Co., as an amalgamation of various lead-produoing plants
mentioned in V. 77, p. 827; V. 76, p. 216; V. 79, p. 2152. See V. 78,
p. 774. Stock authorized, common, $15,000,000; pref. 6 p.o. cumulative,
$10,000,000; par of shares, $100. Debentures, see table above. The
$271,000 Chad wick Boston Lead 1st gold 5s. Int.
<& O., due April 1,
1921, are understood to be the only underlying bonds. V. 72. p. 677.
Pres., Barton Sewell; Vlce-Pres., John A. Stevens; Sec, J. R. Wettstein; Treas. .Thos. J. Phillips, Offloe, 71 B'way, N. Y.— (V. 80, p.2342.)
United Shoe machinery Corporation. -Organization.— Incon orated In New Jeiseyon May 2, 1905, as suooessor of the company of the same name per plan V. 80. p. 1862. Properties, V. 68,
p. 333, 430; V. 74, p. 430; V. 75. p. 851; V. 77, p. 255; V. 80. p. 1486.
The old pref received par in new pref. and 1*2 p. o. cash and the
common 150 p o. in new common and 3 p. o casti
Stock. -The preferred Is entitled in the event of dissolution to $35
per $25 share and all aoorued dividends in preference to the common
stock Dividends were paid on the old stock at ihe ra>e of 8 p. c. on
the common and 6 p. o on the pref. from organization in Feb., 1899,
to July, 1905 iuol. They are expected to be paid at the same rates
on the new stocks, the first payments to be made in Oct 190 >.
Earnings (old co ) Report for year ending Mar. 1, 190 , In V. 80,
p. 246 stowed net $3 03«,352, against $2,«0^,792 in 1903-04; dlv on
common t8 p. o.), $8s7,648; dlv. on pref. (6 p. o.) $596,190; bal., sur.,
&
A
,
$1,584. 14
Pres.(old Co.), Sidney W. Winslow of Boston: Treas. and Gen. Man.,
Geo. W. Brown; Seo., Louis H. Baker, of Boston. Albany Bl'dg.,Bo8ton,
Mass.-(V. 80, p. 1862, 1922, 2456, 2463; V. 81, p. 159.)
United states Cast Iron Pipe 6c Foundry Co.—Organization.— Incorp. In N. J. on Mar. 13, 1899, per plan In V. 68. p. 233
Com. and
pref. stocks authorised, $15,-
000,000 each; outstanding, $12,500,000 each.
7 p.
o.
yearly.
I
WOO.
(p. o.)
Hept., 1W00, to Junt.'Oi.
4 p.
a
yearly.
Payable
Cent
$1,125,000
See text.
N. Y., Morton Trust Co.
N.Y, 31 Nassau
5,000,000 6 in 1904
17,482,000 7 in 1904
2,249,000
5 g.
1,326,000
8
36,725,000
I
(?)
5 g.
16,080,525 See text.
9.936,500 8ee text.
12,500,000 See text
'
F.
g.
Dividend.
1904 M.
&
&
&
&
&
8.
Jan., 1906-13
St.
M. & N. N. Y., 31 Nassau 8t.
Q.-J. IS Boston, Co.'s office.
M. & S. Boston, Old Col. Tr. Co.
M. «s 8.
do
do
Philadelphia, Office.
.-J. 15
f. & J. N. Y., Morton Trust Co.
Q.-J. 15 Check from Co.'s office.
Q.-J. 15
do
do
Q.-M. Office, 71 B'dway, N.Y.
1904 M.
6g. J.
5
j.
g.
45 000 000
3,750,000 5 in
2,000,000
222,000
10,000,000 4 in
&
j.
5*6
Whom.
May 15/05,3%
Julyl5/05,13i
Sept. 1, 1911
Sept. 1, 1915
July 15/05,2%
July 1, 1943
8ee text.
See text.
July 25, '05, 1
Boston, Old Col. Tr. Co. Mar.
do
do
J.
A.
N. N. Y., Office,
1, '05, 2i*
do
Aug. 1, 1918
do
Feb., 1906-12
49 B'way, May 15/05,2%
2,000,000 20 in *04 J.
J. N.Y., Office, 55 Cedar St June 30/05,10
2,000,000
do
do
1917-1918
4 g. Various
8,000,000
do
do
1918-1922
4g. Various
16,155,300
13.284,000
5 g. J. & J. N.Y.,N.Y.Sec.&Tr.Co, July 1, 1924
23,666,000 2 in 1900
Office, 42 B'way, N. Y Apr.30/00, 1%
23,525,500 See text. Q.-J.
do
do
Aug. 15, '05, 2
See text.
Tn Sept., 1904, 1H P- c; Dec, 1H p. o ; 1905, Mar., 1% p. c; June,
13jp c; July, lp. c, mating 7 p o. for fiscal year 1904-5. V.81, p.36.
Bonds.—Underlying bonds, American Pipe & Foundry Co., $1,194,
000 6s (int. J. & J.), due 1928. V. 70, p. 87; V. 74, p. 1359.
Report.— Balance sheet May 31, 1905, V. 81, p. 30 Report for year
ending May 31, 1904, V. 78, p. 595, and V. 79, p. 107, showed: Net
Income, $1,107,170, agst. $1,228,724 in 1902-04; add surplus May
31, 1903, $853,724; reserve for working oapltal, $728,724; dlv. on
pref. (4 p. o.), $500,000; total surplus May 31, 1904, $732,170.
Officers.— Pres., George B. Hayes; Vice- Pres., Geo. J. Long; Seo.
and Treas., B. F. Haughton. 71 B'way.
Directors— Geo. B. Hayes, Colgate Hoyt, A. C. Overholt, B. F. Overholt, C. E.
Burke, B. C. Fuller, A N. Brady, George J. Long P. J. Goodaart, D. Giles,
W. T. C. Carpenter, B. F. Hanghton and H. R. Thomas.
-(V. 78, p. 2595; V. 79, p. 107, 632; V. 80, p. 169; V. 81, p. 30, 36.)
United States Coal 6c OH Co.—See this Section for April, 1905
United States Cotton Duck Corp.— See Consolidated Cotton
Duok Co.
United States Envelope.—Incorporated In 1898 under the laws
Absorbed ten companies named In V. 66, p. 1003,
of Maine.
Sroduoing over 90 per oent of the commercial envelopes In the United
tates. Output 17,000,000 dally; capaoity over 20,000,000 dally.
8took, $1,000,000 com., issued $750,000; par, $100; pref., $3,750,000;
par, $100. Mortgage bonds, $2,000,000. See V. 66, p. 1003; V. 67,
179. Debentures, V. 74, p. 385. Dec, 1898, paid 2 p. o. on pref.;
une, 1899, to Sept., 1901, lnol., 7 p. o. per ann. (Q-M); 1902 to Mar.,
J.
1905, Inclusive, 5 p. c yearly (M & 8).
Report for year ending June 30, 1904, with balance sheet, In V. 79
p. 785, showed: Net profit, $572,091; Int. on bonds, $130,729; pref. div.
(5 p.o.), $187,500; sink. fund, deprec etc, $180,401; bal., sur. $73,460.
Officers.—President, C. H. Hntohlns; Treas., Wm. O. Day, Springfield, Mass.; Sec, W. M. Wharfleld, Springfield, Mass.
Directors Sept.
1905, V. 77, p. 774.— (V. 77, p. 774; V. 78, p. 1227; V. 79, p. 785.)
United States Express.—An "association" organized under the
laws of New York State in 1854 not incorporated. Operated July,
1905, on about 30,000 miles of railroad in the United States.
Dividends. ) '92. '93. '94. '95. '96 to '00. '01. '02. '03. '04. 1905.
Sinoe '92, p.o. s
2
4
2
3 yearly. 3 1*
4
4 4 May, 2
-(V. 73, p. 794; V. 79, p. 1026; V. 81, p. 269.)
United States Leather,- Incorp. Feb. 25, 1893, In N. J. In
April, 1905 over 90 p. o of both olasses of etook had been deposited
for transfer to Central Leather Co., which see
The terms of exohange (all accumulated dividends inoluded) are
To be exchanged for
\
Each $1,000 Principal of— Bonds.
Pref. stock. Common stock.
,
.
$500
Pref. Stock ($62,282,300)
Common
$500
stock ($62,882,300). ...None
None
Dividends, i 1895. '96. '97. '98. '99. '00. '01. '02. '03. '04.
Pref., p. c.
$6
I
4
4%,
566666
$235
300
1905.
Inol.Apr.,3
Co.— See page 462.
United States Mortgage 6c Trust
United States Realty 6c Improvement Co.—Organization.—
Incorporated In New Jersey on May 26, 1904, and in May, 1905, had
acquired per plan in V 78, p. 2019, $32,638,700 of the $33,198,000
common stooK and $26,596, 100 of the $27,011,100 preferred stook of
8. Realty & Construction Company.
See list of assets,
V. 80. p 2340; also statement to N. Y. Stook Exc, V. 75, p.
1200. See V. 77, p. 297, 953, 2103. 2396; V. 78, p. 51. The old stock
(par, $100), received: The preferred, $42*50 in new stook and $50 In
debentures and the common stook $15 In new stook.
Securities.— Of the stock, $13,506,000 Is reserved for conversion of
the bonds. No general mortgage can be made without first securing
the principal and Interest of the debentures by mortgage. If less than
all of the outstanding debentures is redeemed at any time, the numbers
the U.
etc., in
drawn shall be determined by lot.
Report.— Report for 10 months ending Apr 29, 1905, with balanoe
sheet, was in V. 80, p. 2340, showing:
Total profits, $2,440,223;
oper. exp. and taxe«. $326,943; Interest, depreciation, etc., $408,451;
net earnings, $1,704,828; int. on debs., etc, $560,512; bal., sur.,
$1,144,316.
Directors.— James Stillman, H. S. Black, C. M. Sohwab, P. A. Valentine,
Henry Badge, John W. uates. James H. Post. Frank II Ray, Edw n Uawley,
Stephen 8. Palmer. R. G. Babbaae and Cortlandt Betts. Officers.— H. 8.
President; R. K Dowllng. Vice Pres.; B. M. Fellows. Treas
R. G.
Habbage. Vloe-Pres. and Sec'y. Office, 111 Broadway, N.Y.— (V. 8 , p. 2340.)
United States Reduction 6c Refining Co.—See page 462.
Bliick,
:
United States Rubber.— Organization and Property.— Organized under laws of New Jersey In April, 1892, for the manufacture of rubber boots and shoes, etc Application to N. Y. Stook Exoh.
In 1892, V. 55. p. 1039; see V. 56, p. 539; V. 71, p. 545. In 1893 acquired five additional concerns. In Sept., 1898, purchased the
stook of the Boston Rubber Shoe Co.; see V. 67, p. 905. V. 67, p. 691,
738, 802, 905. Makes two-thirds of rubber boot and shoe output of
U. 8.; V. 74, p. 733. Independent oompanles June, 1904, see V. 68, p.
574, 675, 725; V. 71, p. 37, 1317; V. 72, p. 92; V.73, p. 1318; V. 74, p.
100; V.78, p. 2338. As to purchase of control of Rubber Goods Mfg.
Co. In 1905, see Stock below.
stock.— First pref. stook has preference as to assets and dividends;
2nd pref. ooly ss to dividends; bonded debt oan be oreated only with
oonsent of three-fourths of eaoh of stook. See editorial May, 1893,
Supplement.
Dividends on preferred
Dtc.. I8tf0, U> June.,
Outstanding
Bmds—PrinciINTERE8T OR DIVIDENDS.
pal when Due.
Rate per When Where Payable, anl by Stocks— Last
;
$
1903-4
1902-3
V. 69, p. 757; V. 71, p. 1124.
Amount
[Vol. lxxxi.
Sept., '04.
\\i p. e.
Dec,
.Since,
IX
Below.
01.
p. c.
The stockholders voted on May 25, 1905, to lnorease the first pref.
stook from $25,000 000 to $40,000,000, and to oreate an Issue of $10,-
July,
MISCELLANEOUS.
Date
column headings,
first page of tables.
&o., see note
of
on
Size,
or
Par
Bonds Value
of
Amount
Outstanding
INTEREST CR DINIDENDS.
When Where Payable, and
Rate per
5 g. M.&S.15
Bubber— ( on.)—Or 11. fund gold notes, see text Moo 1904 $5,000 $8,000,000
5 g. F. & A.
1898
4.800,000
1,000
Boston Rubber Shoe Co., trold. bonds
4^ J. & J
6.000 000
General Rubber deb.. $9,000,000, gu p. & 1 red ION 1905
100 508,302,500 8ee text. Q.-M.
United State* Steel Corporation— Com. stk., $550,000,000
F.
100 360,281,100 7 in 1904
Preferred stook, 7 per cent cumulative, $400,000,000
1901 l.OOO.W) 295204000 5
5g Various
Collat.tr.M.,$304,000,000 j
do
1901 1.000&0
5 g.
I
5 g. M. & N.
Ooll. tr. 2d M., $250,000,000, g., s.f., red. text, Us.o*&r 1903 500 &0. 168,594,000
.
.
Q—
^it&l.Z^.^tl
Bonds of Companies Controlled—
debentures, (no longer convertible) Mp.e*
o*
Non-convertible debentures, A
Union Steel Co.— See second page preceding.
St. Clair Furnace, 1st M., g., gu., $100,000 y'ly.PPl.o*
St. Clair Steel, 1st M., g., gu., $100,000 due y'ly.UPl.c*
Clalrton Steel. M., g., p. &i. gu.,due $500,000 y'rly.UPl
Illinois Steel
mortgage
M. ($10,000,000) g.,Ce
Iron Range, 1st mortgage. Ittp
Terminal
&
1890
1,000
1893 500 Ac
2,980,000
2,000.000
4,000,000
969,000
8,500.000
6,732,000
1,000.000
2,000,000
1,150.000
1,003,000
4,498,000
1,000
1,000
1,000
rtR., 1st
0"
E. 1st
1891
1,000
1887 l.OOO&c
1896
1,000
1896
1,000
..cfer
Duluth &
2d mortgage, currenoy, red. at 105, $5,000,000.Ce.c*
Union RR 1st mortgage
Duquesne equipment trust
Johnson Oo.of Pa.lstM.,red.$100,000 Sep l.y'ly.Us. .o
Amer. Steamship 1st M., g., gu., p. & 1. end., s. f IS o&r
Pittsburg Steamship mortgage, sink, fund., red. par
H.C.Frick Co.M.,(8.f., red.105, $100,000 y'ly July l.FPi
Pittsb. Bess. & L. Erie RR., Bess. & L. E. and Dul. Missa
,
1894
1900
1900
1,000
1,000
1,000
1,000
\
pref. stock.
ot. '94. '95. '96. '97. '98. '99. '00.
Com
2
2*2
)
1901. '02-03.
2 None
2
1904. 1905.
None
None Below Below
8 8
8 Jan., 1
1st pref. > ^8 yearly-' 6
Div. on 1st pref., I 1* p. c, paid June, 1904, from earns, of fiscal yea
1903-4; lk% paid Sept., 1904; Dec, 1904, 1^% in 1905, Mar., 119%
May, 2% and \H% extra, making 8% for fiscal year 1904-5; Aug., 2%
Notes and Bonds. —The funding notes of 1902 are secured by deposit
of notes of the subsidiary oompanies aggregating $12,000,000, and
were issued to discharge the entire floating debt, including that of the
subsidiary oompanies. Under the trust instrument the net quick assets of all the companies, excluding real and fixed properties, shall
never be less than $15,000,000; in addition the value of the 16 plants,
all unencumbered, was estimated at $12,500,000. Of the notes, $4,000,000 have been retired, reducing amount to $8,000,000, and the balance
extended to Mar. 1, 1908. V. 74, p. 684. 733; V. 79, p. 1615.
The General Rubber Co., with -83 000 000 stook, the crude rubber
subsidiary, in July. 1905, sold $9 000 000 4 "s o. c. bonds, guarantied
by U. S. Rubber and Rubber Good* Mf*. com .-antes, of which $6,000,000 will be issued at present. V. 81, p. 36.
Earnings.— For 3 mos ending June 30, 1905, net earnings (June
estimated) were $966,751, against $866,M0 in 904; div. on pref
stock (2 p. a), $470,510; bal., sur., $496,241. V. 80, p. 1366.
Report.— Report for year ending Mar. 31, 1905, in V. 80, p. 1969
Other
All
Addn's Bad Balance,
Opera'g
income, interest,
to #wr. debts,etc. surplus
All Companies, profits,
Fiscal
year—
$
$
$
$
$
$
1904-5
%020,72* 161.392 1.473 462 88.S52 3\"'84 3,761,923
1903-4
69,295 1,575,641
2,642,877 187,330*1,185,271
Includes interest on loans, $1,010,932; int. on
Shoe debentures, $2 0,000; int. allowed onstomers, $192,530.
From the surplus as above in 1905 th^re was paid 8 p c dividends
on preferred ($i,882,040),leaving a balanoe for the year of $1,879,883.
Total surplus March 31, 1904, $2,107,219.
Dirrctors- Samuel P. Colt, H. E. Converse, James B. Ford, J. Howard
Ford, J. D. Vermeule, Henry L. Hotchkiss, Lester Lelan^, Fred'k M. Staepard,
Frank S. Hastings. Costeilo C. Converse, Walter 8 Ballou. Francis Lynde
Stetson, Francis L. Hi ne, A. N. Brady. E. C. Benedict.
Ham H. Truesdale
and John J. Watson Jr. President, Samuel P. C, It: Vice President, James B.
Ford; 2d ice- Pre»., Lester Leland; Sec, Samuel Norris; Asit. Sec,. John D.
Carberry; Treas., Joh> J Watson Jr.; Asst. Treas. W. G. Parsons. Executive
Comm- tee. Samuel P, Colt, James B. Ford. Lester Leiand, E. C. Benedict,
Walter S. Ballou and Anthony N. Brady. N. Y. office, 42 Broadway.— (V. 80,
BR
W
1
>
p.
19B9.
1977, 2226, 2464; V. 81, p. 86, 159.)
United States Steel Corporation.— Organization.— Incorporated in New Jersey on Feb. 25, 1901, and aoquired, mostly per plan in
V. 72, p 441, 679 (see also V. 73, p. 349), practically all the stook of—
lotal stock.
$46,484,300
do
6 p.c. pref... 68,260.900
40,000,000
National Tube, com...
do
7 p. c.pref.. 40,000, 000
Total ttock.
,
Federal Steel,
com
National Steel,
do
3y,000,00<>
com
7 p. c.pref... 27,000,000
Amer. Bridge, com
do.
Amer.
St.
&
7
p. c.:pref .
Wire,
do.
do.
Carnegie
Amer. Tin
com
7
. .
30.527,800
80,527,800
1
.50,000,000
p.cpref. 40,000,000
.
f 186,800,000
Plate,
com
|2«,000,000
7 p.c. pref. 18,325,000
do.
Amer. St. Hoop, com
19,000,000
do.
7 p.c. pref.. 14,000,000
Amer. Sheet St., com
84,500,000
7 p. c. pref. 24,500,000
do.
L. Sup'orCon. I. Mines
29,4^5.940
Shelby Steel Tube, com .... 8,175,000
do
do
5,000,000
7 p. c. pf .
Union Steel Co
20.000,000
|
Properties Owned.—The properties owned Dec.
31, 1904, were:
91 blast furnaces, 16 open-hearth and 16 Bessemer steel plants, 6 steel rail
mills. -5 bar, billet, etc., mills In 29 plants; 11 structural shape mills, in 8 plants;
14 plate mills, in6 plants; 10 plants, comprising *Sl puddling furnaces; 59 merchant mills, producing bar iron, steel, etc., in 18 plants; 3V plants comprising
4M3 hot mills, producing tin plate, etc.; 2 rod mills, in 14 plants; 21 wire plants,
81 (welded and seamless! tube plants, 25 bridge and structural plants, 2 complete foundries,
6 skelp mills, 18 miscellaneous armor, axle, etc., works; extensive iron ore mines in the Lake Superior region, 6<>»*4 acres of coking coal
and 19,50 acres ol surface and 16 674 beehive coke ovens, etc., in Westmoreland and Fayette counties, Pa.; 367 bt-product coke ovens at Benwood, W. Va.,
and Sharon and South Sharon, Pa., 8^,762 acres of steam and gas coal lands,
etc., railroads, lake vessels, ore docks, natural gas lands, etc.
The output of the company In 1904 (see V. 80, p. 1120) is shown below.
Output.
Gross tons.
Fin. Prod.— (Oonel.) Gross tons.
>
Iron ore
10,503,087 Finished structural
Pig iron, spiegel, etc... 7,369.421
work
357,488
Bessemer steel
5,427,979 Plates and sheets
1,139,904
Open-hearth steel
2,978,399 Wire and wire products 1,226,610
Coke, manufactured... 8,652,293 Bl'ms.slabs, billets, etc.
932,029
Coal mined (not used
All other finished prodin making coke)
ucts
1,898,000
1,894,103
Finished Products—
Total of all finished
Bessemer steel rails
1,242,646
products
6,792,780
On Jan. 1, 1903, took over the entire capital stock of the new Union
Steel Co., $45,000,000 of new 5 per cent bonds being guaranteed,
prinol al and interest. See that company on a preceding page. V. 75,
p. 1359; V. 76. p. 107, 546; V. 78, p. 1174.
In May, 1904, the Clalrton
Steel Co. was acquired, the Steel Corporation guaranteeing $10,25.
000 bonds already issued and assuming $1,666,715 mortgages on real
•
5
5
A.
l.s^.ooo
1,297,000
those oo mpanies under
pal,
by
when Due
Stock*— Last
Dividend.
N. Y., Morton Trust Co. Men. 15, 1908
EliotN.Bk.,Bos.& Prov. Aug. 1, 1908
July 1. 1915
N. Y., Off. Empire Bldg. Do. 30,'03, i«%
Aug.30,'05,1%
do
do
N. Y., J.P. Morgan & Co. Apr. 1, 1951
Apr. 1, 1951
do
do
Apr. 1, 1963
do
do
do
do
J.
<fc
be&N O. By.— See
000,000 of second pref. stock in oonneootion with the purchase, through
a syndioate, of Rubber Goods Mfg. Co. stock, per plan, V. 8'), p 1977,
declared operative Id June, 1905; $5,133,000 of the $9,051,400 Rubber Goods yref and $13,902,000 of the $16,941,700 common having
been acquired For the $9,051,400 Rubber Goods pref , the U. S. Co
agrees to is -me a line amount of 1st ref. stook, which would increase
the amount of the latter outstanding to $32,576,900 and for the $• 6,941.700 common the $10 000,000 new 2nd pref. stook, but for each
$100 of the Rubber Goods stooks not aoquired prior to May 1. 1906
there is to be deducted from the foregoing totald: Per $ 00 pref. an
equal amount of U. S. Rubber 1st pref.; per $100 common, $50 of 2d
Drvs., p.
& J.
& O.
5 g. F. & A
5g. J. & J.
5 g. J. & J.
5
F. & A.
5 g. M. & N.
5
A. & O.
6
J. & J.
M. & S.
5
M. & S.
5
M.
6
S.
5 g. M. & N.
5
J. A J.
5 g. J. & J.
2,872,000
6,900,000
1901
1901
1902
&B
457
Bono* — Princi-
Whom.
Payable
Cent.
TT. S.
St. Clair
Elg. Jol.
:
INDUSTRIAL STOCKS AND BONDS.
1905. J
For explanation
R
)
.
1
N.Y., Oft., Empire Bldg.
Jan.
Apr.
1910
1913
1,
1,
N. Y., Colon. Tr.& Pitts. Aug., 1910-39
Union Tr. Co., Pittsb'g. Jan., 1906-25
July, 1906 '13
do
do
Feb. 1, 1932
May
1941
1937
1916
1946
Mar.
1914
To May, 1914
N. Y., U. S. Trust Co.
Nov. 1, 1920
Jan. 1, 1915
N. Y.,Bk.of Am.,or Pitts July 1, '06-'19
Re.— For other bonds, s ee text.
do
do
do
do
do
do
Oct.
Jan.
Sept.
1,
1,
1,
1,
1,
The Crucible Steel Co.
estate, coal lands and mining properties.
agrees to take 120,000 tons of steel yearly for 10 years and about 80.000 tons of pig, on a sliding scale. V. 78, p. 1552, 2019; V. 79, p 1283.
In
rll, 190\ the Heola coke Co. was acquired at a price reported
as about $3,000,000. V. 80, p. 1738.
Stock. -As to retirement of $150,000,000 of $510,281,100 pref.
stock, see Bonds below. Large stockholders May, 1905, V. 75, p. 81.
Subscriptions bv employees, V. 80, p. 119, 1121.
Dittdends—On pref., 1\ p. c, quarterly, paid Aug. 1901, to Aug.,
1905. inol. On com., 1 p.c, quarterly, Sept., 1901, to Sept 1,1903, inol.;
Dec, ** p.c; none since to July, 1905. V. 78, p. 108, 1121.
Bonds.—The collateral trust 5 per cent bonds of 1901 were seoured
by all the securities owned; $154,000,000 only (series A, C ai.dE)
are subject to oall In whole or part at 115 per cent after Apr. 1, 1911;
a sinking fund of $3,040,000 yearly, beginning June 1, 1*02, can
purchase bonds if obtainable at not exceeding 115 and interest and
after April 1, 1911. may be applied to the redemption of series A. C
and E bonds to be drawn by lot. In Jan., 190 >, $8,753,00 ) not included In amount shown in table above, had been so purchased and
were held alive in the sinking fund. Carnegie holdings,
77 p. 2039.
In 1903 $150,000,000 preferred stock was exchanged $ f or $ for second mortgage bonds, $20,000,000 of the bonds being also sold at par in
cash to a syndioate headed by J. P. Morgan & Co. The arrangement
with the syndicate was thereupon terminated, having ensu-ed $13,200,000 net oash for improvements. The remaining $29,000,000 bonds
available for sale for oash are held in the treasury as an asset, $1,000,000 having been issued in part payment for the Clalrton Steel Co.
The final $S0,000,000 (of the authorized issue of $250,000,000 2d 5s of
1903) applicable for exchange for preferred stook will not be issued at
present. See V. 76, p. 334, 439, 545, 1147, 1200; V. 77, p. 717, 827,
1536, 2039; V. 78, p. 1173, 1786; V. 79, p. 1283.
The collateral trust second mortgage 5s of 1903 issued as above
(V. 74, p. 584, 733, 892; V. 76, p. 545,) are next in rank and similar in form to the 5s of 1901. They are subject to call after ten
years from date at 110 and interest in whole or part (If the latter to
be designated by lot and coupon bonds to be redeemed first).
annual sinking fund of $1,010,000 will provide for retirement of the
bonds. No foreclosure proceedings can be brought for default [inpayment of principal or Interest continuing] for less than two years. In
Jan., 1905, $1,406,000 not inoluded in amount shown in table above
was held alive in the sinking fund.
Amer. 88. bonds, V. 74, p. 1146; Pittsburg S. S. bonds, V. 75, p. 1305.
History of the principal properties, as given in Chronicle, may be
ascertained through index on page 166 of Inv. Sup. for April, 1902.
A
V
An
BONDS OF COMPANIES CONTROLLED NOT MENTIONS o IN TABLE ABOVE:
Interest.
6 M. & S.
5 F. & A.
. H
5 ff
5 F. M. & N.
Am.
Tin. Plate mortgages
Allegh. Furnace mortgage....
Amer. Sheet Steel.— Dewees
Wood 1st mortgage
N
dU
S
000
M
>
£
M
5
*
yearl^. :.^.. .!.^ :
i
Host. Conn. Coke 1st mort .\
5 F. &
Host. Coke mortgage, due
F .
o *. <s
$12,500 Aug yearly
$
Contin. Coke purch. uion. Ms.—
Due $100,000 yearly
5 F. &
Due $37,000 yearly
4^, Apr.
Carnegie Co. col. tr.
5 A &
Ohio Steel 1st M., part yearly.. 6 J. &
M
M
8
-
-
A.
.
a.
A.
27
O.
D.
Outstanding.
Maturity.
$75,000 Mar. 1,1906
78,000 Aug. 1, 1911
nnrt nnn **•.,_
2,000,000 May 1 1910
1,
mm
40,000 Sep ,1905-'08
500,000 Feb. 1,1942
.
oon A
oo.uou Aug., nfi oq
Ob- 09
,
,
600 000 Feb., '06-'H
518,000 Apr., '06-*19
43,0
A r. 1,2000
575,000 June, '06-'08
3*1,000 Mar. 2, 1906
250,000 Deo. 1, 1912
6 M. & S.
5 J. & D.
morts
1,666,715
Latest Earnings.— For 6 mos. ending June 30
Nc over
Int., s /.,
Add'nt,
Div. on
Bellalre Steel 1st
Rosena Furnace 1st
Clalrton real est
,
M
etc.,
Balance,
Six
rep'rs, etc.
depr., etc.
const ,etc.
frplus.
pref. stuck.
mos.
$
$
$
$
$
1905.. 53,331, 012 24,277,086 10,800,000 (3^)12,609,838 5,644,088
1904. .32.935,957; 19,245,862
(3»*)12,fe09,838 l,080,i;57
Report.— Report for year ending Deo. 31, 1904, was given at length
in V. 80, p. 1109, 1118; edit., p. 1082.
1904.
1903.
1902.
Gross sales and earnings
$444,405,431$536,572,871 $560,510,479
Repairs, etc., and charges of
subsidiary companies
371,228,909 427,401,718 426,901,715
Net earnings
Deduct—
Sink.
$73,176,522$109,171,153 $133,308,764
of subsid. cos' bonds..
$624,064
$1,598,012
3,040,000
3,797,500
4,834,710
5 4,599,822
\
Extr'y. repl't f ds(reg.proT'n) 5
9,315,615
$9,297,531
Speo.f und f or depr'n & imp'ts.
10,000,000
8,667,045 10,000,000
Interest on U. S. Steel bonds..
15,187,850
23,518,293 19,082,796
Deprec'n In invent & adj'ts..
1,183,372
5,378,838
Dividend on pref. stock
(7)25,219,677(7)30,404.173(7)35,720,178
do
com. stock
(2%) 12,707.662(4)20,332,690
f.
$1,583,117
4,050,000
Q q/,, 1
a.*™'. , ««
do
of U S. Corp. bonds..
Dep'n & exti. f 'ds (reg. prov'n)
^
undivided earnings...
$5,047,852 $12,304,916 $34,253,657
Directors. The directors are as follows:
Bal.,
J. P.
To Feb., 1907.
Morgan,
H«»nry Phipps,
Henry H. Rogers,
Thomas Morrison
To Feb., 1906.
Robert Winsor,
Charles Steele,
William H. Moore,
Norman
B.
Ream,
Elbert H. Gary (Chrman), Peter A. B. Widener,
George W. Perkins.
James H. Reed,
Edmund
C. Converse,
James Gayley,
Henry C.
Friok,
William Edenborn.
To Feb.. 1908.
Marshall Field.
Daniel G. Reid.
J. D. Rockefeller Jr.,
William E, Corey,
Robert F
\eon,
Nathaniel Thayer,
John F. Dryden.
Clement A. Grlseom.
.
.
.
)
INDUSTRIAL STOCKS AND BONDS.
458
MISCELLANEOUS.
For explanation of column headings,
first page of tables.
Date
<fcc,
see note on
Size,
or
INTEREST OB DIVIDENDS.
per When Where Payable, and
Amount
Par
of
Rate
Bonds Value. Outstanding Cent.
Virginia- Carolina Chemical— Stock, com., $38,000,000.
Pref. (also as to assets) 8 p. c, cum., $20,000,000 auth.
Col. tr. M., g„ red. 105, shifting fund, see text.Ce
o*
Virginia Iron Coal dt Coke— Underlying bonds (see text)
Va. Iron Coal & Coke, 1st M., g., $10,000,000 Ma...c*
Va. & Southw. By., 1st M. $2,000,000, gold, gu.OTo.O*
Payable
1902
1899
1902
1,000
1,000
543,000
Me
Me
Officers.— President, W. K. Corev: First Vtce-Pres., James Gayley Sec'y
and Treas., Richard Trimble; Comptroller, William J. Filbert.
Finance Committee.—Geo. W. Perkin«, Chairman: Henry H. Rogers, Norman B. Ream, P. A. B. Widener. Henry PhiDps, Henry C. Frick and Robert
Bacon, and B. H. Gary and W. K. Cory, ex officio.
Offioe,71 Broadway, N. Y.— (V. 80, p. 2464; V. 81, p 36.)
Virginia-Carolina Chemical Co.— Organization.— Incorporated on Sept. 12, 1895, and acquired many successful manufactories
of commercial fertilizers from Baltimore to Atlanta and Savannah.
V. 68, p. 431; V. 69, p. 232, 964; adv. in Chron. Mar. 4, '99; V. 72, p.444
See application showing properties owned, etc., V. 72, p. 1186; V. 72,
p. 1191, 1285; V. 73, p. 137, 240; V. 74. p 942, 1095; V. 75, p. 81, 140,
496. The So. Cotton Oil Co., $9,991,0^0 of whose $10,000,000 stock is
owned, operates the cotton oil properties. See V. 73, p. 240, 137, 1365.
Decision Feb 1905, V. 80, p. 1001.
Stock.— The stockholders voted on July 17, 1901, to authorise an increase in the common stock from $12,000,000 to $38,000,000, the new
stook to be issued for cotton oil, etc., properties, recently purchased,
and from time to time as required; outstanding Apr., 1905, $27,984,400. V. 73, p. 36, 137; V. 75, p. 496.
The shareholders voted on May 18, 1904, to authorize $8,000,000 additional preferred stook, raising the amount to $20,000,000; of
the new stook $6,000,000, to be used to pay the floating debt and for
additional working capital, was subscribed pro rata by stockholders of
both classes at par. The remaining $2,000,000 cannot be Issued in
excess of $400,000 in any fiscal year exoept on vote of a majority of
the stock. V. 78, p. 1451; V. 77, p. 355, 405; V. 78, 1503. 1970.
Dividends— (P.O.) ) 1896. '97 to Mar., '02, incl. June, '02to June,'03
>Dec..l
Common
4 p. o.
5 p. c. (none since).
Preferred, 8 p.c. ) In full to July, 1905, lnoluslve (paid Q.-J. 15).
Collateral Trust Bonds.—The bonds are seouredby the $9,881,300 Southern Cotton Oil stook owned and $2,209,200 of $2,219,200
stook of the Charleston Mining & Manufaot'g Co. The proceeds were
used to restore over $3,300,000 cash taken from working capital on
account of reoent acquisitions and to provide about $3,500,000 still
due for the properties acquired. They are subjeot to oall as a whole
on any interest day at 105 or for sinking fund $500,000 annuallv, beginning 1904. at 1021^ and interest. V. 75, p. 140, 687, 1102. Bonds
of sub. cos .$151,000.
Beport for year end. June 15, 1905. in V.81, p. 263, showed gross
profits. $2,892,109; int. on bonds, $332,292; int. and discount, $274,586; div. on prer. (8 p. c), $1,320,000; loss on So. Cotton Oil Co., $333.386; bal., sur., $626,848.
Officers. -President. S. T. Morgan; Secretary, 8. D. Crenshaw;
Treas., S. W. Travers, Bichmond, Va. New dlreotors Aug., 1903, V. 77.
p. 405.-(V.79,p. 1957; V. 80, p. 161,226,876,1001; V.81, p. 263.)
Virginia Iron Coal
Coke Co.— See page 462.
Co.— See page 463.
Wells, Fargo
Welsbach Co.— See page 463.
Westchester Lighting.— See Consol. Gas of N. Y.
Western Anthracite Coal & Coke Co. See this Seotion for
Apr., 1905.
Western Gas Co. OI 11 wanker).— (V. 74, p. 482; V. 76, p. 653.)
Western Transit Co.— Owns piers, etc, in Buffalo, N. Y., fleet of
16 iteamers (of which 7 steel) and also barges used on the Great Lakes.
V.79, p. 738. The N.Y. Cent, owns its $1,000,000 stock— (V. 79, p. 738.)
Western Telephone <V Telegraph Co.— See page 463.
Western Union Telegraph.— Organized under the laws of New
York State on April 2, 1851, and present name adopted in 1856. As
to favorable decision In Oot., 1903, in claim against Amer. Telephone
A Telegraph Co., see V. 77, p. 953, 2160; V. 78, p. 588, 1227.
Stock.— In 1892 increased stock from $86,200,000 to $100,000,000, of
which $8,620,148 was thenpaid as scrip div. to represent surplusearnlngs expended on the property and $2,630,000 still unissued.
,
&
&
8ince '86,
)
'87. '88. '89. '90. '91.
'93 to July,'05,inol.
'92.
5
5
5h 5 15(10so.) 5% (1*4 Q-J.)
Bonds.—On June 30, 1904, the following stocks (par value) were
pledged for the collateral trust bonds: Gold
Stock Telegraph, $1,111,800; Internat. Ocean Tel., $1,961,500 N. Y. Mutual Tel., $2,387,700; and bonds, Mutual Un. Tel., 6s, $3,043,000.
The funding and real estate 4»ss of 1900 are seoured upon real
estate in New York and Chicago and provided for the $6,800,000 of 6s
and 7s due in 1900 and 1902, which have been paid off, and for construction, etc. In the event of a mortgage being made, they will be
given a prior lien thereunder. V. 70, p. 384, 1203; V. 71, p. 750; V. 74.
'""»»• '*»
'
p. 785; V. 78, p. 1451; V. 80, p. 226.
Leased Companies.— Under leases the company aside from other
rentals pays Interest and dividends as below.
Lease
Int. or div.
Bonds
expires.
Company, <tc.
Amount.
Period.
mature.
1932 $14,000,000 5
Am. Tel. Cable stock.
No bonds.
2004
Chic. & St. Paul Tel. etk.
100,000 3
M&8 No bonds.
p.
a.
$
2
&
;
*
%
&
Kmpire& Bay State, st'k
1989
1975
Franklin Tel. stock
& Stock Tel. stock.Jan.,1981
Bonds $500,not mort.,)
Gold
ext. in 1905
$
Illinois
Miss. Tel.... perpetual.
&
Intern.Ocean Tel.stock.Jan.,1981
N.Y.Mut.Tel.stook($25)Feb.,1982
Mutual Un. Tel. 1st ..
Northw. Tel. stk. ($50).My7,1980
1 st mort. p. & L guar.
300,000
367,100
2,444,400
t nAnnn
500,000
1,830,150
1,015,400
ell4,300
f 1,957,000
2,500,000
1 ,500,000
Q-M
Q-M No bonds.
2* MAN No bonds.
6
Q-J
41* M&N May 1,1910
4
J&J
4
6
6
6g
6
None.
Q — J No
-
41*
M&N
AJ
J&J
bonds.
May, 1911
J
Jan.,
1934
York.
«&>
A
5 g.
3ia
Sin 1904
5
4Hs
8.
& J
& A,
Q.—J.
& J.
M. & N
J.
F.
.T.
g.
Q.-J.
Q.-J.
text. Q.-J.
J. & J
I*
6
g.
& J
Q.-J.
J.
10 in '04
6
v5
g.
J.
J.
M.
J.
N.Y., Bk. of Manhat.Co.
&
See text.
See text.
•See
Junel,'03,li*
July 15,'05,2%
Oct. 1, 1912
New
1905 F.
1905
M.
& D
& J
& N
& J
Company,
Pao.
8ou.
& Atl.
& Atl.
1949
2003
Julyl5,'05,4%
June 1, 1930
Jan.
1,
1,
Bonds
Int. or div.
Amount.
expires.
<£c.
Mch.
243 Wash. St., J.C., N.J. Aug.l, »05, 2**
Old Col. Tr. Co., Boston. Jan. 1, 1932
N. Y., Grand Cent.Stat'n Feb. 1, 1923
N. Y., Office, 195 B'way. July 15,'05, 13*
do
do
Jan. 1, 1938
do
May 1, 1950
do
Pittsburg, Pa.
Julyll,'05,5%
N. Y., Office, 120 B'way July 10,'05,2i»
do
July 10,'05,2i«
do
N, Y. Merc. Trust Co.
July 1, 1913
20 years.
N. Y., Central Tr. Co
Jan. 2, 1916
East Pittsburgh, Pa. Julyl0,'05,2i«
Fid.Tit.&Tr.Co.-Pittsb. June, 1906-14
do
do
July 1, 1919
Colon. Tr. Co.. Ptttsb'g. May, 1907-27
Fidelity Tr. Co., Phila. Jan. 1, 1955
Ltase
;
Dividends.—
Checks mailed.
do
do
J.
do
do
J. N. Y., Office, 51 B'way.
D. Phil. Prov. L.
Tr. Co
g.
g.
5g.
5 in
Dividend.
&
&
&
&
5
Stnck i— Last
by
J.
J.
J.
5
8 in
—
tfon<m Principal, when Due.
Wnoni.
$100 $27,984,400 See text. Q.-M.
100 18,000,000
Q-J. 15
8
1,000
6,500,000
5g. A. & O.
6,157,000
2,000,000
100
Wells, Fargo d& Co.— Stock
8.000,000
1900 100 &o
Welsbach Co.—Coll. trust mort., gold, $7,000,000, s. f
6,369,000
100
Wesl'n Anthracite Coal <& Coke Oo—Pret. stock, 7% cum
1,250,000
100 16,000,000
West. Telephone <6 Telegraph—Com. stock, $16,000,000...
100 16,000,000
Pref. stock, $16,000,000, 6 p. c, cum. after 2 years
1,000
9,857,000
Collateral trust gold bonds, $ 10,000,000 .OB
c* 1902
ext. in 1903. 1884
1,000
1,500,000
Western Transit Co.— Bonds, gu. by N. Y. C.
100 97,340,606
Western Union Telegraph— Stock
1,000
c* 1888
8,504,000
Collateral Trust bonds.
Fund'g and real estate mort., $20,000,000, gold.F.o&r 1900 l,000&o 20,000,000
50 10,990,450
Westinghouse Air Brake—Stock, $11,000,000
50 20,996,3 "^0
Weslinghouse Elec. & Mfg.— Assent, stook ( V. 71 , p. 1274)
50
3,998,700
First pref. ($4,000,000) stook, 7 p.c, cum. (see remarks)
1898
1,000
2,679,000
Debenture certificates, $3,500,000, gold (see text).
See text.
New deben. certificates. $19,003,000, red. 105 (see text)
1898
1,000
850,000
Walker Co. 1st mortgage (see text)
50
5,000.000
Westinghouse Machine— Stock. $5,000,000
1P04
1,000
315,000
Mortgage, due $35,000 yearly
1,000
1,150,000
Debentures, $1,500,000, gold, redeem, by lot at 105... 1899
M., gu., due $50,000 y'ly,beg.'07 1902
1,000
1,000,000
Westingh. F'ndry, 1st
1,020,000
1,000
Wilkes-Barre Gas <£ EUc. —1st con.jM., red. 110, text.c*&r 1905
(
[Vol. lxxxi.
stock ($25) . 99 years
stock ($25) .999 years
541,850
558,575
% Period. mature.
4
J&J No bonds.
5
A&O
No bonds.
&
On June 30, 1904. the oo. owned in addition to the above amounts: Frankllc
Tel., J832.800; (J old
Stock Tel., 12,555,600: Int. Ocean Tel., $1.984,nu0; 111. Miss.
Tel.. *10f),850: Pacific & At. Tel., $l;468,160; Southern
At.. $3«0.476.
Also owns through collateral trust, viz.: e $i,::87,700; t $3,043,000.
&
&
Latest Earnings.— Bevenue for 9 mos. ending March
Net revenue.
9 mos.
1904-5 (est.)
$5,540,971
1903-4 (actual)... 6,084,682
31,
Dividends.
$895,100
$3,651,063
865,150
3,651,051
Total surplus (estimated) June 30, 1905, $16,023,202.
Annual Beport.—Advance statement for 1901 05 was
Beport for 1903-04 was in V. 79, p. 1640.
1905
:
Bal., sur.
Interest.
$994,806
1,568,481
in V. 80, p.
2464.
1904-05.
Tear ending June 30.
Revenues for the year
19C304.
1902 03.
$
1901-02.
$
$
29,249,390 29,167,686 28,073,095
Oper.exp's,rent. ,t'xes,&c.
... 21,361,915 20,953,215 20,780,766
Remainder
7,237 ,t>58 7,887,475 8,214,471 7,292,328
Dividends paid (5 p. o.)
4,868,083 4,868,071 4,868.050 4.868,031
Interest on bonds.
1,227,200 1,157,700 1,077,700
992,580
Surplus
1,141,775 1,861,704 2,268,721 1,431,717
Miles of Miles of No. of
Year. Poles&C'bl's. Wire. Offices. Messages.
Beoeipts.
Profits.
1866-67... 46,270
85,291 2,565 5,879,282 $6,568,925 $2,624,919
1892-93.. .189,936
769,20121,078 66,591,858 24,978,443 7,496,037
1902-03.. .196, 517 1,089,212 2?,120 69,790,866 29,167,686 8,214,471
1903 04... 199,350 1,155,405 23,458 67,903,973 29,249,390 7,887,475
Office, 195 Broadway, New York City.— (V. 80, p. 1427, 2464.)
%Vestlnghonse Air Brake.—Organization, Etc.— A Pennsylvania corporation. V. 67, p. 843, 1065. Owns $850,000 of the $2,500,000
stock of the Canadian Westinghouse Co., Limited V. 77, p. 1307.
Stook, formerly $5,000,000,was increased to $11,000,000 in July,1898,
$5,000,000 being distributed as a 100 per cent stook dividend.
Dividends.— )
to 1898 1899. 1900 1901 to 1903 1904
1905
Percent
20 yearly. 25
24
30
21ToJuly,15s
In 1904, Jan., 6 p. c, since to July, 1905, 5 p.c. quarterly.
As to litigation with N.Y. Air Brake Co., see V. 69, p. 181, 442;
$
.
.
. .
V. 70, p 636; V. 73, p. 1365;
V. 75, p. 1359; V. 79, p. 217; V. 80. p.
Beport for year ending July 31, 1904, was in V. 79, p. 1265,
showing Gross, $5 939,953; net profits, $2,338,157; div. (22%), $2.2464.
:
417,899; bal.. def.. $79,742. N. Y.
p. 217, 632, 1265; V. 80, p. 2464 )
office,
11
1
Broadway, N. Y.— (V. 79,
Westinghouse Electric & Manufacturing Co.—Organization.— A Pennsylvania corporation manufacturing appllanoes used
for electric lighting and power purposes. Statement to N. Y. Stook
Exchange was In V. 54, p. 763. The company owns exoluslve rights
to the Tosla patents on alternating ourrents.— V. 61, p.25, 153. In
March, 1896, an agreement was made with the General Eleotrlo Co.
See V. 62,
p. 502, 635, 1040; V. 68, p. 1024; V. 80, p. 1487.
In 8ept., 1898, purchased substantially entire capital stook and all
but $350,000 of the $2,500,000 20-yr. bonds of Walker Co. V. 68, p. 87.
British Co., V. 69, p. 232, 802; V.73,p. 1114; V.75, p. 1414; V.76,p. 1089;
report. V. 78. p.987. Canadian Westinghouse Co., see V. 77, p. 302, 1307
and official statement, V. 79, p. 624.
Capital Stock, Etc.—Stook authorized Is $25,000,000, lnoreased
from $15,000,000 in Feb , 1901, $3,000,000 of the new stock being,
sold to stockholders at $55 per $50 share. V. 72, p. 631. In 1903
stockholders subscribed to $4,500,000 and in July, 1904, to the remain
ing $2,473,200 assenting stook at $80 per .K50 snare, the proceeds to
be used for extensions and working capital, increasing the outstanding amount to $21,000,000.
V. 76. p. 1089; V. 77, p. 827; V. 79, p.
275, 632. The first preference stock carries cumulative dividends
of 7 per cent per annum, with right to participate equally with other
stook after the same shall have reoeived 7 per cent, and preferential
as to principal. 8ee preferred certificate in editorial of May, 1893, Sup.
As to the debenture certificates of 1898 see V. 67, p. 324, 691.
Sinking fund of $150,000 yearly from 1900 to pay off debentures at
105, to be drawn by lot. No lien is to be placed on property without
providing for debentures. V. 67, p. 1112.
In Oct.. 1904, it was proposed to authorize an issue of $15,000,000
twenty-year 5 per cent debenture certificates subject to call at 105, to
provide for additional working capital and future requirements; noneissued to July, 1905. V. 79. p. 1957.
In Dec, 1903, $2,000,000 three-year 6 per cent notes and in 1904
$4,000,000 three-year 5 per cent notes, dated Aug. 1, all subject to
payment before maturity (the latter at par and 2 p o. yearly for unexpired time) were sold. V. 79, p. 275, 511; V. 78. p. 51.
l<02to
July,
Since to
11892 to
1903.
July, 1905.
DIV8.-P.0. (1899
1900.
1901.
May.*03.
1>* 10 yearly (Q-J)
Preferred..! 7
7
7
7 yearly.
Assenting.)
6 1*
7 yearly.
5\
1M 10 yearly (Q-J
Annual Beport.- Fiscal year ends March 31. "Net earnings" for
3 mos. end. June 30, 1904, were $668,268. BaL sheet June 30, 1904,
Sales in 1902-3, $23,899,492, against
V. 77. p. 628; V. 79, p. 10/6.
$19,075,958 in 1901-2; net earnings, inoluding subsidiary oo's. (approximate), $4,650,000. V. 76, p. 1089. Business May, 1904. V. 78, p. 1970.
Directors.— Brayton Ives (Chairman of the Board), Ph. Ferd. Kobbe,
A. N. Brady, N. W. Bumstead, Frank H. Taylor, H. H. Westinghouse,
G.W. Hebard, James H. Hyde, Brayton Ives, Geo. C. Smith and George
Westinghouse. President, George Westinghouse; Vice Pres., Frank H.
Taylor, Ph Ferd. Kobbe and L. A. Osborne; Treas., T. W. Siemon; Becy.,
Charles A. Terry. N. Y. office Is at 111 Broad way.-(V. 80, p. 2464.)
'Westinghouse Iff achine Co.—See page 463.
Wllkes-Barrc Gas
Electric Co.—See page 463.
&
July,
INDUSTRIAL STOCKS AND BONDS.
1905.J
Alabama Consolidated Coal & Iron Co.— Orgvnization —
July 18. 1899. Acquired Iron and coal properti»s
near Birmingham and Gadsden, Ala. Iu Feb., 1905, the International
Power Co. acquired control. V. 80, p 653
Dividends.— Div. on common. 1 p c, paid Oot., 1903; none since.
On pref Feb 1900, to Nov.. 1900, lh p. o. quar.; Maroh, 1901, to
June, 1905, 13» p. o quar. (Q.-M
Par. lnteretl. OuUtand'g Maturity.
Date.
Stock & Bonds $2,500,000
Common stock
$100
100
7 Q-M 1,250000 June 1/05 1H»
Pref stock. 7 p c oum.
490 000 May 1. 1911
1st M. red aft. May.? 1901 1,000 6 M&N
1906, at 105, s f
$ lot. at Union Trust Co., St. Louis, trustee
Consol col., $3,500,-) 1904 1,000 5g.M&N 1 v 50.000 May 1,1933
5 Interest at International Trust Co., Baltimore.
000, gold
Of the consol collat. 5s of 1904 $1.500 000 has been issued In exchange for $1 250 000 preferred stock and working oa< ltal. per plan
V, 79. p. 10ft. $1 2^0 000 has been canceled. $490,000 is reserved to
take up old 6s and remaining $260 000 for future purposes.
Earnings— For the 6 mos. ending April 30, 1905, net, $336,744;
bal. over charges and dividends on pref. stock $235,493.
Report.— Report for year ending Oct 31, 1904. in V. 80, p. 1172
showed: Cross. $ 2,729 026; net *192 4Jl; charges, $ 136,8 4; div on
pref (7%). $13 12i; bal.. def., $97,488.
Officers— Pres., T. Q. Bush; Vice-Pres., J. H. Hoadley; Sec. and
Hoagland. Office, Birmingham, Ala.; N. Y. office, 74
Treas.. W.
Broadway.- (V. 80, p. 6 3, 873, 117 2, 2400.)
Ches. Canal.— Owns oanal between Chesapeake
Albemarle
Bay and Albemarle Sound, 14 miles. Stock is $558,200 ($100 shares).
Dividends in 1893-96 each 1^ p. c. yearly; in 1897, none; in Feb.,
1898, lJfl p. c; none since. Bonds, $500,000 1st M. 4s (formerly 7s),
due Julv, 1909. Non-cum. income 3 p. c. debentures (Central Tru-t
Co., N. Y., trustee), $115,000 due July 1, 1909, issued per plan, V. 77,
351, for the funded portion of Interest on 1st mortgage bonds to
S.
ate of maturity, and July, 1902, coupon, oanceled. (V. 77, p. 351.)
See report, V. 74, p. 92; V. 72, p. 1035. In 1903-4, gross, $32,544; net,
19,412. In 1902-3, gross, $32,828; net, $17,810. Pres., Warren G.
tllliott. Office, Norfolk, va.— (V. 75, p. 795; V. 77, p. 351.)
American Cement.— A consolidation in 1899; Incorp. in N. J.
Prospectus, V. 69, p. 1249. Controls Reliance Portland Cement Co.,
having $500,000 common and $300,000 7 p. c. pref. stock and $300,
000 first mortvage 6 r*. c. 20-year e. f. bonds, int. on bonds, sink, fund
($15,000 yearly) and dividends on piv i. guarantet d. V. 80. p. 2221.
Dividends 1900 to 1903, both incl., 8 p c.
Stock, $2,000,000.
yearly (2 extra); 1904, 7 p. c. (1 extra) 1905, 6 p. o. (J & J.) Report
for 1904, V. 80, p. 165. Bonds, $825,000 1st mort. and coll. tr. gold 5s,
due Oot. 1, 1914, s. f. $30,000 yearly int. A. & O. at Girard Trust Co..
Philadelphia, trustee. President, Robt. W. Lesley; Treas Frederick J.
Jiggens, 42 So. 15th St., Phila. Seaboard Cement Co., see V. 77, p. 252,
2392.-CV. 77, p. 252; V. 78, p, 285, 2387; V. 80, p. 165, 2221.)
American Coal.—Mines at Barton and Lonaconlng, Md. Incorporated In Maryland; re-Incorporated in 1903 in New Jersey. V. 80, p.
118. Stock. $1,500,000; Par, $25. Dlvs. (M. & S.) 1894, 6*2 p. c; 1895,
7; '96,8; '97, 8; '98, 9; '99, 10; 1900, 9; 1901 to Mar., 1905, Incl., 10
For year ending Dec. 31, 1904, gross earnings,
p. o. yearly (M. & 8.)
$748,206; net. $187,300; dividends (10 p. o.j, $150,C00. Office, No. 1
Incorporated In N.
J.
,
J
.
. .
M
&
459
Stock, $8,000,000, as reduced Mar., 1903; outstanding, $7,805,700;
par, $100. Balance sheet Dec. 31, 1904, V. 80, p. 1055.
Dlvs., 3 p. o. yearly (h P. o. Q-J) July, 1904, to duly, 1905, both Incl.
Officers.— President, Frank N. Kondolf, Pittsburgh, Pa.; Secretary;
Thomas D. Brown, New Brighton, Pa.; Treasurer, W. B. Gouoher,
Pittsburgh. Directors June, 904, V. 78, p. 2601. Offioe, Pittsburgh,
Pa.-(V. 78, p. 2601; V. 80, p. 999, 1 055.)
American Soda Fountain.— Formed in '91 in N.J.— V.66,p.382.
Stock outstanding: Common, $1,250,000; 1st pref., 6 per cent, oum.,
$1,250,000; 2nd pref., 8 per cent, oum., $1,250,000; par, $100.
On Oct. 1, 1904, notes ana aooounts payable, $884,235.
Dividends.— On preferred in full toNov.,1896,lncl.; in 1897 to 1899
lnc.nono; Nov., 1900, 3 p. o. on let pref.; 1901 to 1904, both lnoluslve,
6 p. c. yearly on 1st pref., leaving accumulated dividends unpaid of 21
p. o. on 1st pref. and 64 p. c. on 2d pref. On com., none since 1896.
Report.— No report In 1904. Report for year ending Aug. 31, 1903,
V. 77, p 2035, showed profit, $125,274, against $108,589 for 1902.
Pres.. James N. North. N. Y. office, 449 First Ave.— (V. 79, p. 2590.)
Bay State Gas Co.— Its equity (see Supp. of July, 1902,) in oertain
Boston gas companies was sold at foreclosure In 1902 and the stocks
bought In for the Massachusetts Gas Companies, per plan In V. 76,
p. 104, 161; V. 79, p. 735;
V. 80, p. 999.
Borden's Condensed Willi Co.— Organization— Incorporated
N.J on Apr. 24, 1899. V. 68, p. 821; V. 69, p. 1195; V. 74, p. 97,
579 V 76, p. 656. Stook, all outstanding, common, $17,500,000;
pref., 6 p o. oum., $7,500,000, subject to call at 110 after 3 years from
Issue (if less than the whole to be paid, the number of shares to be
drawn by lot); par of shares, $100 each. Dividends on pref. to June,
1905, inclusive, 6 p. o. yearly (Q.-M), paid at N. Y. Security & Trust
Co. On common, in 1902,8 p. c; 1903, 8 p. c, and in Dec, l^ p. o.
extra; 1904, 8 p.c. (F. &A ), and In Dec, 2 p. o. extra; 1905, Feb.,
in
;
4
No
p. c.
J. Rogers; Vice Pres., S. FredD. Shove; Sec, Walter M. Gladding, 108
Yorn.-(V. 76, p 656; V. 80, p 873.)
bonds.
President, William
eric Taylor; Treasurer, F.
St., New
Brunswick (Ga.)Dock & City Improvement Co.— Successor
to Brunswick Co. per plan in V. 65, p. 326; see also V. 66, p. 1034.
Stock. $5,000,000. Pres., Henry E Howland, 35 Wall 8t.; Sec & Treas.,
Hudson
G. A. Kraetzer Jr., 20 Broad
St.,
N. Y. (V. 76.
p.
812, 1357
Butterick Co.— Organization. -Incorporated
Jan. 15, 1902.
Owns stocks
In
)
New York on
of various cos. publishing fashion
manufacturing paper patterns,
maga-
See official statement, V.
75, p. 237. Stock, $12,000,000, all outstanding. Div., 1 p. c quar. paid
Sept., 1902, to June, 1905, both incl. Underlying bonds, $1,200,000
Federal Pub. Co. collat. 6s, due 1920, payable 10 p. o. yearly, beginning 1910, of which $600,000 has been retired, and $600,000 Butterick Publishing Co. 4*2 p.creal estate mortgage, maturing Sept. 7,
1903, V. 79, p. 1706. Report for calendar year 1904, tfn V. 80, p.
1927, showed earnings of operat'g cos., $645,057; divid., $480,000;
President, G. W. Wilder; Treas., C. D. Wilder;
bal., sur., $165,057.
Sec, R. S. O'Loughlin, Butterick Bldg, Spring and Maodougal Sts.,
N. Y. City.-(V. 79, p. 1706; V. 80, p. 1727.)
Central Union Telephone (Chicago).—This company oontrols
the Bell Telephone business in Indiana, in Ohio with the exception of
Cleveland and Cincinnati, and in Illinois excepting Cook and four other
oounties. A majority of the stock Is held by Amer. (Bell) Telephone &
Broadway.— (V. 80, p. 663.)
Co. Subscribers Jan.
1904, 153,331.
American Cragg Twine Co.— Organization.— Incorporated In Teleg. $5,450,927. Y. 73, p.1, 901. See V. 72,Stook outstanding Apr.,
1904,
p. 1190; V. 73, p. 618;
Delaware on June 8. 1899. Official statement showing properties V. 81, p. 213
owned, V. 73, p. 1262; V 74. p. 96; V. 75, p. 31, 187, 1305; V. 77, p. 1295.
Of the $6,000,000 10-20-year gold consol. 5s due Jan. 1, 1919 (Old
Stock, $15,000,000; par. $100. Dividends, 1902,3% p. c; 1903, Jan.,
Colony Trust Co. of Boston, trustee), $2,500,000 are reserved for 1st
2*4 p. o.: none since. In Jan., 1905, about $650,000, representing un6s subject to call at 105 after July 1, 1906 (111. Trust & Savings Bank,
earned dividends paid by former direotors, was paid into the treasury. trustee). V.
V. 71, p. 86. See
V. 68, p. 379, 472, 570
73, p. 446
V. 80, p. 224. Underlying bonds, $36,000. Wisconsin Grass Twine 6s, also
in CHRON.of Mar. 25, 1899. Report for 1903 in V. 78, p. 341
due Jan. 1,1907. New direotors. Mar.. 1905, V. 80, p. 1113. Pres., (Dec.adv.
estimated), showed: Gross earnings,
Solomon Turck; Vioe-Pree., Henry M. Cohn; Sec., Frank G. Noble, 377 int., $438,796; bal., sur.. $316,152. Pres.. $3,181,120; net, $754,948;
L. G. Richardson, Offioe
Broadway, N.
(V. 80, p. 1113.)
to be at Didianapolis.— (V. 76, p. 1251; V. 78, p. 341; V. 81, p. 213.)
American Iron
Steel Manufacturing.— In Aug., 1899, abChesapeake & Delaware Canal.—Owns oanal from Delaware
sorbed properties at Reading and Lebanon, Pa. See list in state- City to Chesapeake City, Md. In June, 1893, bondholders were asked
ment of April 30, 1900. V. 71, p. 180. In 1901 the North Reading to accept 4 per cent interest (in place of 5 per cent) until contingent
Works were sold. V. 74, p. 576. Stock, common, $2,550,000 as re- fund, reduced to $49,613, should again amount to $100,000. Bonds,
duced Feb., 1905, per plan V. 79, p, 2644; pref 5 p. o. oum., $3,000.- $2,602,950 (extended in 1886); due July 1,1916; int. J. & J. Interest
000; par of shares, *50. Dlvs. on pref., Jan., 1900, 1 23 p.c; Apr., 1900. to is payable at the office In Philadelphia. Report for year ending May,
31,
July, 'OSjlk p.c, Q.-J. On com., 1900, $1 pershare; 1901,55cts.; 1902, 1905, in V.
81, p. 209, showed: gross receipts, $155,057; maintenJan., 29, 15 ots.; May 28, 15 cts. First div. on reduced common stock, ance of canal,
$53,850; net, $101,206; interest charges, $104,118; de^
2 p. c, paid April 1. 1905; July, 2 p. a. No bonds. Report for cal. year licit, taken from contingent fund, $2,912 Stock, $1,903,238; par,
$50,
1904, In V. 80, p. 709. Office, Lebanon, Pa.— (V. 80, p. 1176.)
Pres., Frank L. Neall, Office, 528 Walnut St., Phila.— (V. 81, p. 209.)
American Light
Traction Co.—Organization.— IncorColumbus Hocking Coal &. Iron Company.— Organized at
porated in New Jersey May 13, 1901, by Emerson McMillln and asso- Columbus, O., Jan. 26,
1883, and owns large coal and iron properties
ciates, and acquired the following lighting and traction companies per
in Ohio.
See V. 44, p. 278; V. 63 p. 559.
terms in V. 72, p. 724, 871, 987; V. 73, p. 235, and V. 75, p. 343. All of (13,250 acres of land)
Organization.— Reorganized in 1898 without foreclosure per plan
the stock of the Grand Rapids, Madison, St. Joseph, St. Paul and
Blnghamton (N. Y.) Gas Works is owned, and at least 97 p. c. of the In V. 65, p. 976, interest being reduced from 6 to 5 per cent.— V. 65, p.
stook of each of the remaining properties named below. In June, 190 , 367, 976; V. 67, p. 28— see end't on bond V. 66, p. 81. Stook common,
Western interests requested options on $3,000,000 preferred and $7,000,000 (par $100); outstanding, $6,924,400; balanoe reserved to
retire $18,900 remaining 5 per cent pref stock. V. 72, p. 1185. Divi$2,030,000 common stock. V. 80, p. 2619.
dends on common stock, ^ j>. 0. Deo. 1, 1902; 1903, l 1* p. c; Mar.,
lot. stock
Outstani'g
issued,
bonds.
1904, H p. c; none since to Apr., 1905. V. 78, p. 2387.
VesternGasCo
14.000.0(0 16,000,000 V. 74, p. 482.
Report.—Report for year 1904-o, V. 80, p. 2342.
CrandRapide (Mich.) Gas Light Co
1,000,000
1,225,000 V. 64, p. 662.
Net.
Charges. Div.oneom.
Balance.
Madis"n(Wis.) Gas& Electric Co
400,000
460,0001
See page Tr. to Afar. 31. Gross.
1904-05
$341,997 $33,322
$72,822
df.$39,50O
St. Joseph (Mo. Gag Co
1,000,000
1.000,000
174 of INSt. Paul (Minn.) Gas Lt.Co.(V.77, p. 2282)... 1,600,000 x8,888,000 f TBSTOR 8'
1903-04
76,680
69,004
sur.3,019
543,800X148,703
Blnghamton (N. Y.) Gas Works
460,000
628.000J SUPPLEM'T.
President, N. L. C. Kaohelmacher, Columbus, Ohio; Vice-Pres., L. C.
Consol. Gas Co. of N.J. (Long Branch, N.J. ). 1,000,000
971,000 V. 75, p. 344.
Lathrop; Sec and Treas., A. L. Thurman. N. Y. offioe, 37 Broad St.
See ST Rr
Sout hern Light & Traction Co
2,600
1,986,000
Directors, May, 1905, V. 78, p. 1964; V. 80, p. 19 74, 23 42.
j g
x See also $760,000 St. Croix Power Co. guaranteed bonds, V. 73, p. 1014.
Cumberland Telephone
Telegraph.— Organized In KenStock.- Authorized, common, $15,000,000; pref .6 p.o. cum., $25,000," tucky in 1883, and operates under perpetual and exolusive license000, of which $9,396,900 pref. and $4,680,800 common outstanding. from American Bell Telephone Co. through the entire States of MisDividends.- Pref..Dec.2, 1901, to Aug., 1905, 6 p.o. yearly (paid Q.-F.) sissippi and Louisiana, the greater parts of Tennessee and Kentucky,
Div. (semi-an.) on common, l^a p. c, Nov. 1, 1904; in 1905. May, 1**%; and a few oounties in Indiana and Illinois. Am. (Bell) Telep. & Teleg.
Oo. owns $7,004,100 of the stook. Subscribers Mar. 1, '05, 124,011.
Aug., 1 p. c. (quar.)
Stock.—Stockholders were offered the right to subscribe pro rata at
Report.— Report for calendar year 1904, V. 80, p. 1477.
Other
Oal. Dividends
Preferred
Common Balance, par on or before Feb 1, 1905, for $1,754,300 new stock, payable In
four equal instalments on Feb. 1, April 1, July 1 and Oot. 2, 1905, or
year, received, income. Expenses, dividend.
dividend.
surplus.
<B
a;
0:
optionally In full at onoe, raising the amount outstanding to $13,449,$
$
$
1904 1,007,001 144,503 18,993 (6%)563,814 (2H%)105,318 463,379 6j0. V. 79, p. 2798.
1903 970,479 110,371 30,539 (6%)553,060
497.251
Dividends.—From 1892 to 1897 both inolusive, 4 p.c; 1898, 5; 1899,
Pres., Emerson McMillin; Sec, and Treas.. S. J. Glass. N. Y.; 6; 1900, 6; 1901 to July, 1905, 7 per an. (1% p. 0. quar.)
offioe, 40 Wall Street. Direotors, V. 73, p. 235.— (V. 80, p. 2619.
Bonds.—These consist of
first 5s (see table above); $239,American Linseed.—Organization, Etc.—Incorporated on Dec. 000 20-year deb. 5s (int. F<ft $850,000Feb. 1, 1920, but redeemable at
A), due
5, 1898, under the laws of New Jersey, as a consolidation of the
par, issued for purchase of People's Telephone Co. of New Orleans;
National Linseed Oil Co., etc. V. 67. p. 1161; V. 69, p. 697. See V. 71, $150,000 East Tennessee Telephone gold 6s (int. J&J). due July 1,
&y<tf. For list of plants, etc., see V. 70, p, 631. Com. stock author- 1918, and $16,000 Ohio Valley Tel. gold 6s (int. J&J), due Jan 1. 1908.
ed, $16,750,000, all outstanding; pref. stock as in table. In June,
Earnings.— 6 months, < 1905
Gross, $2,244,860; net, $867,085
1901, Standard Oil Interests acquired a majority of stock. V.76, p. 216.
JaD. 1 to June 30.
Gross, 1,946,664; net, 797,931
1 1904
Dividends.— On pref., June 15, '99, to Sept., 1900, 10*2%; none since.
Surp. over chgs., $736,374 in 1905, against $669,867 in 1904.
Report.— Report for year ending July 31,1901, was in V. 73, p. 662.
Report.— Report for year 1904, inV. 80, p. 2396, showed: gross,
955, showingloss from operations of $1,402,491. Pres., John A. Mc- $4,027,117; net above fixed charges, $1,174,167; dividends (7 p. c),
Gean; Sec, W. A. Jones. Directors Sept., 1904, V. 73, p. 555; V. 75. $818,674
General offioes, Nashville,
balaDoe, surplus, $355,493.
p. 550; V.79, p. 1267. Main office, 100 William St., N.Y.— *V. 79, p. 1267.)
Tenn.— (V.178, p. 817; V. 79, p. 2798; V. 80, p. 714.)
American Sewer Pipe Co.— Organization.—Ino. in N. J. on
Denver Gas
Electric Co.—Organization.— Incorporated In
Feb. 17, 1900, as American Clay Mfg. Co. as a consolidation of 32 vit- Apr.. 1899, as a consolidation of the Denver Consolidated Gas and
rified drain-pipe and 2 paving brick plants said to control from 60 to 75
Denver Consolidated Electric Companies. Stock, $3,500,000; par,
per oentof the industry, and name changed, Feb. 1, 1901. For list, $100. Reorganized in 1903 per plan, V. 76, p. 812. See V. 78, p. 585.
etc., see V. 70, p. 482, 688, 874.
The bonds are subject to call at 105 In Nov., 1904, friendly interests purchased a majority of $220,000
»nd interest up to $100,000 yearly. See V. 70, p. 688; V. 78, p. 2601 Den. -Highlands Eleo. Co. stock. V.79, p. 2459.
zines,
etc.
;
;
,
;
;
Y—
&
,
&
&
.
1
-
-
&
.
;
&
:
INDUSTRIAL STOCKS AND BONDS.
460
Bonds. -Prior lien 15-year goli 6s, due April 1, 1918, $1,000,000
($1,000 eaoh), all outstanding, subjeot to call at par after 5 years, int.
A.&O.; Bankers' Trust Co., N. Y., trustee. General mortgage gold 5s,
$8,000,000 authorized, of which $2,580,000 outstanding ($1,000 eaoh)
dated May 1, 1903, due May 1, 1949, but subjeot to oall on May 1,
1908, at par, May, 1909, at 101, May, 1910. at 102, May, 1911. at 103,
May, 1912, at 104, and May, 1913, or any Interest day thereafter, at
&N.; Trust Co. of America, trustee. Of the general 5s.
105; int.
$3,260,000 are reserved te retire $1,000,000 new prior liens, also
Underlying bonds, vis..: 81,600,000 Denver Consol. Gas 20 yew gold Os, due
Nov. 16, 1P11, Int. J.-J. at Emerson. McM. & Co., N. Y„ subject to call at 105;
Denver Consol.
$35,00 Denver Consol. eold deb. 6s. due Oct. I, 1811; If 0,0
Elec. 1st gold 6s, dae Jan. 1, lflio, subject to call; Rollins Investment Co, of
$150,coo Western HlecDenver is trustee, int. J.-J., at Chemical Bank, N. Y.;
trlcal Construction Company 1st gold 6s, due October 4, 1915. int. A.- p., at
Mercantile Trust Co., of Boston, of which $: 5,000 subject to call 1906-lu at 10.2
and $7f>,0t'0 in 19U-15 at 101.
«.,„«.
Chairman. Emerson McMillin, 40 Wall St., N. Y.— (V. 80, p. 2460.)
M
_
Denver Union Water.— A
_
„
Franchises
consolidation Oct., '94.
run until 1910. Owns the water works and water supply of the city
of Denver, Col., and vicinity. Capital stock Is $5,000,000 common
and *2.500.000 of 5 per cent non-cumulative preferred. First di /idend
on common and preferred stocks of 5 p.c paid Apr. 10, 1905, at Farmers' Loan & Trust Co., N. Y. Bonds, $8,000,000. The South Platto
Canal & Reservoir Co., whose stock is all owned, completed a new
reservoir In 1904; Its $4,000,000 authorized five per cent bonds are
guaranteed; the latter are subjeot to call at 105. between April 10,
1910, and April 9, 1911. V. 78, p. 231, 289. See table on a preceding page. Litigation, V. 77, p. 198. President, W. S. Cheesman;
Treasurer. D. H. Moffat— (V. 78, p. 289; V. 80, p. 1114.)
Detroit MaclUnac
& Marquette RR. Land
8513,721 and 7 per cent non-cum. 2d pref., $867,257; par of shares,
$100. Gold debenture notes, $190,000 of 6 per cents. V. 78, p. 1395.
Reorganization Plan— The reorganization plan issued Mar., 1905,
In Vol. 80, p. 999, which has been declared operative, provides that
anew company be created, to be called, probably, the Teiring-HallMarvin 8afe & Vault Co., whloh will Issue $700,000 stock, all of one
class. The first pref. will receive par in new stook, the second preferred one-sixth ani the common one thirtieth in amount in the
new stock. In April, 1905, more than 84 p. c. of the stock had been
deposited.
Report for oalendar year 1904, in V. 80, p. 995, showed net profits of
$35,296 over maintenance and depreciation. Pres.. H. A. Tenney,
directors, Feb.. 1904, V. 76, p. 432. Office, 400 B'way, N. Y.— (V. 80.
p. 602, 995, 1000, 1237, 1732; V. 81, p. 157.)
International Nickel Co.—Incorporated in New Jersey Mar. 29.
1902. and aoqulred oontrol of Canadian Copper (& Nickel) Co., with
plant at Copper Cliff, Ont. (new plant, V. 77. p 952); Nickel Corporation of London, with mines at New Caledonia, and the Orford Copper
Co. of Bayonne, N. J., American Nickel Co. of Camden, N. J., with
their subsidiary companies. In Dec, 1902, oontroL of the Nickel Corporation of London was acquired. V. 75, p. 1205, 1257.
Stock
Bonds.—Stook authorized. $12,000,000 eaoh of common
and 6 per cent non-oum. preferred; outstanding, $S,822 662 com. and
$8,912,626 pref. Bonds, $12,000,000; 1st gold 5s, due Apr. 1,1932;
subject to call at 110; int. A.&O. at N. Y. Trust Co., trustee; outstanding, $9 982,836.
Report.— Report for year ending Mar. 31, 190', In V. 80, p. 2216,
showed total net income of constituent cos. (excluding two in New
Caledonia), $1,171,3*7; Int. on bonds, $? 03,263; bal., sur $P68,894.
Officers—Chairman of board, Robert M. Thompson; President,
Ambrose Monell; Sec, Stephen H. P. Pell; Treas., James L Ashley.
Directors In 1904, V.74, p. 730; V. 78. p 2387. Office. 43 Exchange PL,
N.Y.— (V. 78, p. 2008, 2387; V. 80, p. 2216.)
International
Co.—Organization.—Incorporated In
New Jersey on Jan. 14, 1899. Owns Corliss Steam Engine Works of
Providence, R.I., V. 68, p. 671; also on April 30, 1902, $3,211,300 preferred and $661,300 American Locomotive Co. common stock and $75,425 eaoh of common and preferred American Diesel Engine Co. V.
7-*, p.
<»3, 2150.
In Feb., '05, purchased control of Alabama Consolidated Coal
Iron Co. V. 80, p. 654, 872.
Stock, Etc.—Common stock authorized, $7,400,000; outstanding,
$5,047,000; pref, 6 p. o. cum., $600,000; par of shares, $100 Flrstmort.
bonds, 4s, $125,000, Issued In 1899 on property sinoe sold (see Am.
Locomotive Co.), and $140,000 mortgage on Corliss plant.
Dividends- ) 1900.
1604.
1901.
1902.
1903.
J1905.
6
8*3
Nil.
Preferred % > 6
Below.
m,
&
,
Grant.—Under
the reorganization of the Det. Ma ck. & Marquette R. R., foreclosed
Oct., 1886, the holders of the land grant income bonds retained their
lien on the lands along the line of the road in Northern Miohigan. See
The bonds are due Oct. 1, 1911, Int. payable Apr. and
V. 76, p. 751.
Oct. as earned, at not exceeding 7 p.o yearly; outstanding, $1,432,000;
V. 77, p.
of the bonds $1,339,000 purchased in 1903 to July, 1905.
173. 1871. 2035, 2280; V. 79, p. 627.
From Oct., 1892, to Apr., 1902. 2 Der cent interest was paid (1 p. c.
eaoh In A & O) at Central Trust Co., N. Y.; in Apr., 1903, to Apr.,
1905, i oth incL, 3»a p. o. each (A. & O.) See report Feb., 1879, to Jan.,
1900, V. 70, p. 684. In Aug., 1902, sale was arranged for abont $1,250,000 of 1,000,000 acres [reserving for the bonds mineral rights
In Marquette County]. This left unsold Apr., 1905, 188,388 acres, be
sides mineral rights on 89,747 acres. V. 77, p. 91.
In Mar., 1903, a protective oommlttee, Jefferson M. Levy, 20 Broad
St., Chairman, requested deposits. V. 76. p. 707,751; V 77,p.253, 1873.
Statement for period from Jan. 1 1902, to Oct. 1, 1903, was in V.
77, p. 8171. (V. 79, p. 268, 627, 1641; V. 80, p. 1234; V. 81, p. 155.)
,
Electric Boat Co.— Organization.—Incorporated In New Jersey
on Feb. 25, 1899, and acquired all of the capital stock of the
Electric Launch Co., the Holland Torpedo Boat Co. and the EleotroCo., etc. V. 69. p. 697, Par. $100. Issued, common, $4,999,Div. on pref..
V. 69, p. 697.
600; pref. 8 p. o. non-oum.. $2,587,500.
2 p. o. Q-J., paid Oct.. 1903. to Jan., 1905, botb inol. President, I. L
Rice; Sec. Robt. Mc. A. Lloyd, 11 Pine St.— (V. 77, p. 513.)
Electric Co. of America.— Organization.—Incorporated in Jan.,
1899, in New Jersey. V. 68, p. 85. In 1899-00 purchased control of
See list, V. 80, p. 2342; V. 70,
electric light plants in several olties
P 943 V. 74, p. 325; V. 73, p. 238, 289, 495; V. 79, p. 106. Stook,
$5,000,000, of which $4,078,780 issued; par of shares, $10 eaoh, full
paid. SeeV. ?7, p. 1296.
In Jan. 1905, an offer to stockholders of 10 p. o. additional stook
($407,865) pro rata at par was under consideration.
Bonds are $84,000 Canton (O.) Lt., Heat & Power Co. 6s, $308,000
Auburn (N.Y.) gold 5a, $100,000 Soran ton Illuminating, Heat St Power
5s, due M»r. 1, 1923. but subjeot to call after 1913, and $50,000 Mnnoie
Eleotrlc Light 6s. V. 73 p. 238, 495, 1088; V. 79, p. 106.
Dividends.— 50 cts. per share, eaoh paid July, 1899. to Jan. 21, 1901,
inclusive (J.-J); July 31, 1901, 25 cts.; Jan. 31, 1902, 25 cts.; July 15,
1902, (extra dividend) $1 50 (see above); Aug. 18, 1902, 25 cts.; 1903
and 1904, 6 p. c. per annum; 1905, 7 p o. (J <*. J). Status Apr., 1903,
V. 76, p 921. Report for 1904 was in V. 80, p 2342, showing total
netincome,$408,901,against$398,979in 1903; dividend- paid, $244,719; bal., but., $164,182.
Officers.— President, A. Loudon Snowden; Vlce-Prest., John H.
Catherwood; 2nd Vice-Prest., H. T. Hartinan; Seo. & Treas., Frank B.
Ball. Office, Land Title Bldg., Phlla.— (V. tO. p. 1732, 2342.)
Empire Steel Iron Co.— Inoorp. In N. J. 1899. V. 68, p. 524.
Dividends at rate of 6 p. o. per annum paid July 1, 1899, to July 1,
1900; 1901 to Jan.. 1903, 3 p.o. yearly (J.&J.); July, 1903. 2 p.c;
1904, Jan., 1 p. c; July, l»a p. o 1905. Jan., 1"d p. c; July, 1^ p o
Rbport.— Report for year ending Deo. 31, 1904, wasiu V. 81, p. 154
showing net earnings (over $15,808 charged off for depreciation)
$119,392; iinp'ts charged off, $31,238; dividend (3 p. o.) on pref.
$75,000; bal., sur., $13,154; total surplus Dec. 31, 1904, $178,594
President, Leonard Peckitt, Catasauqua, Pa.; Sec and Treas., J. 8.
Stlllman.
Y office 111 Broadway.— (V. 81, p. 154.)
Dynamio
;
&
;
N
Equitable Illuminating (;»n Light Co. of Philadelphia.—
Organized in 1898 by United Gas Improvement Co., which owns a
majority of the stock, to operate the gas works leased from city of
Philadelphia. See full particulars in V. 66, p. 426. Common stook
issued, $3,125,000 preferred stork, 4 per cent for tlrst year and 6 per
cent thereafter, $3,125,000. Sinking fund of $124,000 yearly is to re
tire bonds at 105; and beginning in 1908 the Improvement Co. agrees
to create a sinking fund to retire the stock in 1928, when the property
Lease may be terminated by city in 1908 on
is to revert to the city.
making certain payment. In May, 190 -.the application for extension
of the lease was withdrawn. Total extended for improvements to
1905 was $14,863,881. V. 80, p. 2348, 1977. 173a.
Dividends.
V98. '99. 1900. 1901. 1902. 1903. 1904. 1905.
Common, per cent. >
6
6
6
6
6
Preferred, per cent ) 4
6
6
6
6
6
6
June, 3
—(V. 78, p. 1552; V. 79, p. 2088, 2591; V. 80, p. 602, 1481. 1732)
Fort St. Union Depot (Detroit)— See Supplem't of April, 1897.
Great Lakes Towing Co.— Organization.— Incorporated In New
Jersey on July 6, 1899, as a consolidation of towboat companies along
the Great Lakes. See V. 69, p. 79, 593; V. 72, p. 778. Stock author"
lzed, common, $2,500,000; pref. 7 per cent non-cum.. $2,500,000. Issued $1,675,000 common and ^1,952,850 pref. Par of shares $100.
Dividends { 1900.
1901.
1902.
1903.
1901.
1905.
3««
7
3ifl
on pref. tp. o.) 5
To July,5J*
Pres and Treas., H. Coulby, Cleveland, O.— (V. 79, p. 2591, 2750.)
;
46
,
Havana Tobacco Co.—Organization.— Incorporated In New
Jersey on May 28, 1902, and aqquired per plan V. 74, p. 1142 oontrol of
the Havana Commercial Co., Henry Clay & Book & Co. Llm., H. de
Cabanas y Carbajal and J. S. Murlas y Ca. Controlled by the same interest* as the American Tobacco Co.
Stook, common, $30,000,000; pref. 5 per cent non-oum., $5,000,000,
all outstanding; par of shares. $100.
Bonds, $10,000,000 twenty -year
gold 5s, of whloh $2,500,000 to remain In treasury— (V. 76, p. 1249.)
Herri ng-lf a 1- ti ar vl n Safe Co.—Organization.— Incorporated
in New Jersey on Aug. 3,1900, as successor Deo. 20, 1900,per plan In
V. 68, p. 232, and V. 70, p. 689, of Herrlng-Hall-Marvln Co. V. 71,
p. 238. 8tock, common, $1,302,150; 7 per cent non-cum. 1st pref.,
.
1
[Vol. lxxxi.
Power
&
Common .%)
2^
In 1905, Jan. 3 p. c; Mar., 3 p. c; Apr., 3 p. c; May, 3
p o in full for deferred dividends to April 1, 1905; dividends hereafter to be paid A A O. V. 80, p 142«.
Pres., Joseph H. Hoadley, 78 Broadway, N. Y. (V. 80, p. 654, 1426.)
Iron Steamboat Co. of
Jersey.— Property consists of
seven iron steamboats. Incorporated in New Jersey in Aug., 1902, as
successor, per plan V. 74, p. 778, 887, to the New Jersey company of
the same name, foreclosed Aug. 6, 1902. V. 75', p. 293, 397.
For year ending Oct. 31, 1904, gross reoelpts were $272,314; operatlng expenses, $251,516; {interest on bonds, etc, $65,^69; bal., def.,
$45,071 Stock. $400,000; par of shares, $10 eaoh; outstanding, $292,790. Bonds are $100,000 prior lien 30-year 5s (given for assessment
of same amount on the old bonds) and $500,000 gen. or 2nd 30-year 4s,
all redeemable at par.
Bonds may be oalled yearly for sinking fund.
See V. 74, p. 778. President. Allan C. Washington.— (V. 77, p. 2101.)
J our
See plan. V. 70, p. 1293; V. 74, p. 580.
Kansas City, Ffl <>., Gas Co.— Organized In April. 1897, in Missouri and aoaulred all the property, franchises, etc, of the Kansas City
Gas and Missouri Gas Co's. Capacity of 5,^00,000 oubio feet a day.
Capital stock, $5,000,000, of whloh United Gas Impt. owns a majority:
par, $100. Bonds outstanding, $4,250,000 gold 5s, due April 1, 1922,
subjeot to oall at 105. Interest Is payable A. & 0. at N. Y. office of
Guaranty Trust Co. or M. <fe N. in London. V. 65, p. 27 '; V. 67, p. 28.
Report for year ending April 30, 1905, V. 80, p. **45«. Net, $428.117: int.. $. 04,63* bal., $223,479. Pres., Hugh McGowan.— (V. 78,
p. 2445; V. 80, p. 2456.)
JOn pref
,
,
New
may & Burnham.—
In
Lake Superior Corporation.—Organization—Incorporated
New Jersey on May 19, 1904, as successor per plan V. 77, p. 1296,
and V.
78. p. 1784,1909, to the Consolidated Lake Superior Co. The
will begin with $1 ,000,000 oash working capital. Owns
dlreotly or throngh its ownership of the Ontario Lake Superior Co.
all the capital stock of the various corporations centering about Sault
Ste. Marie, Canada. (See list in Section of Jan , 1904.)
Bounty on
steel rails, V. 79, p. 906.
Status Jan., 1905, V. 80, p. 654.
The plants include: Bessemer steel works and rail mill with oapaolty
for producing about 500 tons of rails per day; two blast furnaces of
about 400 tons daily capaoity; by-product oharooal plant of 20 retorts
and 56 bee-hive kilns; Helen Iron ore mine; 106 miles of railroad completed and In operation; 9 ore, freight and passenger steamships,
nickel and copper mines and smelters, ferro-nlokel roasting plant, sulChurous aoid works; machine shops, forge, Iron and brass foundry, carullding shops, two saw-mills of 160,000 feet dally capacity, veneer
mill;
ground wood pulp mill of dally capacity of 100 tons;
sulphite pulp mill of 60 tons daily capaoity, water works and eleotrio
light plant; two eleotrlc street railways; two water-r>ower canals of
60,000 and 20,000 horse-power. See also V. 76, p. 656, 1410; V. 77, p.
193; V. 79, p. 1026.
Bonds.— The collateral trust 5s of 1904 ($10,000,000 authorized)
new oompany
are secured by all the property of the company, inoludlng the equity
over the lien of th« $2,000,000 Canadian Improvement notes (see
below) in the securities deposited thereunder, upon payment of whloh
the bonds will iccome a first lien thereon.
The Canadian Improvement Co. (V. 78, p. 1551, 1784), whloh provided the balance of the cash requirements of the plan above the
amount received from all other sources, including $1,000,000 oash
working capital, hat secured from the Province of Ontario a guaranty
of Its f 2,000,000 two year 5 per cent notes, due May 1, 1906, sold at
par. Under this loan there has been depo»ited with the Mort n Trust
Co. of New York, as trustee, all of the stooks and bonds (see V. 77, p.
771.) of the Algoma Central & Hudson Bay Ry. Co. and of the Manitoulin & North Shore Ry. Co. and the note of the Algoma Central
Hudson Bay Ry. Co. for $725,000, due July 1, 1903, indorsed by the
Algoma Commercial Co Ltd., and by the Consolidated Lake Superior
Co., and secured by mortgage on certain vessels and shipping property, to be held by the trustee as collateral until the payment of the
loan, whereupon all of the collateral deposited under said notes is to
be deposited as further security under the new flret mortgage bonds.
Underlying bonds, *1,013,572, additional to $3,500,000 Mloh. Lake
Superior Power 1st 5s, shown In table on a preceding page, see V. 77,
p. 771, 193, and V. 76, p. 682; V. 80, p. 602, 874
As to readjustment
of Mich. Lake Sup. bonds, see V. 80, p. 715, 1365, 1482, 1858.
Report.— Estimated earnings, see V. 78, p. 1909; V. 75, p. 682.
A
,
Dikectors.— Charles D. Warren (Preiident). Toronto: Charles H. Orris,
New York, and Thomas J. Uruminond, Montreal (Vice Presidents); John T.
Terry Jr. (Treasurer), New York; Francis B. Reeves. J. Tatnall t,ea and
Charles S. Hlnchniau of Philadelphia; Dumont Clarke, New York; Geo, B.
Turrell. Orange, N. J
N. W. Howell, Tor> nto, and H II. Clenrueand Kdmund
Q. Trowbridge. New Haven. New York office, 11 Brondway
-(V. 79, p 2799; V. 80, p 475, 602, 654, 715, 1000, 1482, 1858, 2347.)
Madison Square Oarden. Owns In fee a blook of land In New
York City and building thereon. Stook, $2,000,000 (par, $100).
.
;
—
)
>
July, 1905.
INDUSTRIAL STOCKS AND BONDS.
J
Bonds.— $1,250,000 first 20-year gold 5s, due Nov. 1, 1919, and
$750,000 2d gold 6s; last coupon paid on latter being that of Nov.,
1896, in Feb., 1897. Mero. Trust Co. of N. Y., trustee. Second mortgage bondholders' committee: F. K.. Sturgis and W. C. Gulliver depos;
Morgan & Co.— V. 65, p. 620.
Directors (Wav, 1904) F. K. Sturgis,
itory, J. P.
:
Mills,
J.
Pierpont Morgan, D.
O
W. F. Wharton, Stanford
Woodward, Adrian Iselin Jr. and
Charles Lanier, H. H. Hollister,
White, W. C. Gulliver, James T.
James C. Youns.— (V. 67, p. 690; V.
68, p. 85; V. 71, p. 137.)
Hanhattan Beach Hotel & Land (Limited).— Owns the real
and premises known as Manhattan Beach, with the Manhattan Beach and Oriental hotels, music amphitheatre, fireworks
enclosure, bioycle tracfc and other buildings, 446 acres of land,
Stock, $2,000,000, of whioh $500,000 is preferred 5 per cent
&o.
non-cumulative; preferred outstanding, $500,000. Bonds, $1,500,000 general gold 4s, due Nov. 1, 1940; int. M. & N Central Trust Co.
of N. Y.. trustee. On May 1, 1904, the $225,000 scrip certificates
representing funded coupons was paid off. V. 78, p. 1785. N. Y. offloe,
estate
;
192 Broadway.— (V. 78,
p. 1785.)
Manufacturer*' Light
& Heat Company,
Pittsburgh.—
Organization. Incorporated in Penn. on Nov. 28, 1899. Owns
448,976 acre* of gas lands, of which 338 000 not yet drawn upon In
Jan., 1904. In Dec, 1903, new trunk pipe line extension into West
Virginia wa< completed. V.76, p. 252; V. 78, p. 986.
1
Stock authorized $25,000,000, as inoreased June, 1903; outstanding, $21,000,000; par of shares, $50.
Dividb>ds.— 1*» p. c, quarterly, paid 1903 to July, 1905, both inel.
Stock
-
Date.
Bonds.—
Gas IstM.I
Ft. Pitt
g.,
due
$100,000 ll 900
vearly ($1,000 ea.)
U.Pi
Mkh onn' l«» Jfv
f
oi
6gJ30&D
Int. at T.
Mellon
$600,000
Maturity.
ToJune30,' 11
& Sons' Bank, Pittsburgh.
J
6 * J&J
$500,000 To Jan.. 1915
Int at Unl011 Tru8t Co " Pittsburgh, Pa.
f&nr? 1 1900
&o eachf
W SSS™n
Outstand'g.
Interest.
>
-
1903 6g.-F&A $1,657,000 ToFeb.,1916
S \£;
Int at C ° l0nlal Tr C °- Pitt8bur g h - Pa
OOO'yearlf ($1* ol ea'h')" $
1903 5 g.-M&N $6,468,000 To May, 1918
New mortgage, $6,500,- >
000, g V 76 p 1252 S Int. at Union Trust C, Pittsburgh.
Wheeling coll. bds. (several series) are subjeotto call from 102 to 105.
Earnings.— For the 3 mos. ending Mar. 31, 1905, earnings increased
$78,355 over 1904 and $207 191 over 1903. See V. 80, p. 1974.
Report -Report for oalendar year 1903 in V. 78, p 986. showed
gross earnings. $4,500,000; net, $2,676,087; surplus over 6 per cent
on stock, bond Interest and retirement of $202,000 bonds, $1 011,741.
B. Beatty; Secretary and Asst. Treas.,
Officers —President,
H. E. Seibert; Treasurer, E. H. Myers. Office, Farmers' Bank Bldg.
Fifth Ave. and Wood St., Pittsburgh, Pa.— (V. 80, p. 1974 )
Marsden Company.—Incorporated in February, 1897, to manuf acture products from cornstalks— see V. 65, p. 235, for uses of product.
Common stock authorized, $35,000,000: outstanding, $33,962,200.
Report 1904 in V. 80,Jp. 1056. In Dec, 1903, sold majority interest in
International Smokeless Powder& Chemical Co., receiving in exchange
$2,565,000 Dupont International Powder Co. 8 p. o. preferred stock
(cum. as to 5 p. c ) and $120,000 collateral trust 5 p. o. bonds. Most
of Marsden pref. has been exchanged for Dupont pref., •861,625 of
the latter being held in the treasury Deo. 31, 1904. V. 80, p. 1056.
Owns entire stock of American Milling Co., with plants at Riverdale,
Chicago and Peoria. V. 74, p. 35. 1354; V. 78, p. 767. In June 1905,
W. W. Gibbs of Phila. requested options on 25 p. c. of stock at $4 per
share to Sept. 1, 190">. V. 80, p. 2625. President, A. G. Winter; VicePres. and Treas., E. G. Buokner.-(V. 78, p. 290, 767; V. 80 p. 2625.)
Maryland Coal Co.—Controls 6,000 acres of land in Alleghany
and Garrett counties, Md. Stock.— Preferred as in table, and in addition old common, $11,100, and treasury stock, $103,895. Produced
322,079 tons In 1904; 308,469 tons in 1903. Report for year ending
Jan. 31, 1905, in V. HO, p. 654, showed: Surplus earnings in 1904 over
interest, etc, were $276,456; in 1903, $800,688; dividends in 1904
(8*fl p.o.) $160,199; sur. for year, $116,257.
Dividends— > '94. '95. *96. '97. '98. '99. '00. '01. '02. '03. '04. 1905. v
Newpf.,p.c. \ 3ifl 4»« 3^ 4 4i* 5 5 5** 7 8*3 8% Ju'e,3^
In 1903 and 1904, June,3ifl, inol. 1 extra; Deo. 31. 5. inolu. 2ig extra.
In '05. June, 3*2 p.c, incl. 1 extra.— (V. 78, p. 586, 819; V. 80, p. 654.)
National Rice Milling.—See full statement V. 55, p. 49; V. 71,
p. 1123, 1223; V. 72, p. 91, 1 35, V. 73, p. 1163.
Hztil
"
"
-
H
National Sugar Refining of New Jersey.— Incorporated in
1900, and took over the New York Sugar Refln
ing Co.'s (Doscher) refinery, Long Island City, the Mollenhauer refin-
New Jersey on June 2,
ery, Brooklyn, N. Y., and the National refinery, Yonkers, N. Y. The
capacity of the new company is 10,000 barrels daily. V. 70, p. 1098;
V. 71, p. 31; V. 77, p. 1877. Stook, $10,000,000 6 p. c. cumulative preferred and $10,000 000 common stook; all outstanding; par of shares,
$100. Div. on pref., 1^ p. c. (Q.-J.), paid Oot. 2, 1900, to July 3, 1905,
President, James H. Post.— (V. 77, p. 1877.)
inol. No bonds.
York Mutual Telegraph.—Successor to the Mutual Union
Telegraph Company. The stock carries dividends of 6 per cent per
annum under a lease for 99 years from February 15, 1883, to Western
Union Telegraph, which owns $2,385,700 of the $2,500,000 stock.
New
New York & Queens Electric Light & Power Co.— Organ-
isation.— A consolidation. Incorp. in July, 1900; supplies entire bor
ongh 'of Queens outside of Rockaway. See V. 72. p. 1039. N. Y. &
is controlled by same interests. V. 79, p. 2089, 2151.
Stock and Bonds.— Stock, common and pref. 5. 0. non-cum., $1,250,000 each, all issued. Par of shares, $100. Bonds, $2,500,000
30-year gold 5s, dated Aug. 1,1900; int. F&A; Union Trust Co., N.
Queens Gas Co.
Y., trustee. Of the bonds $2,272,000 are outstanding, $78,000 are reserved to retire the $78,000 N. Y. & Queens Gas & Elec gold 5s, due
Jan. 1, 1949, and $150,000 for extensions.
Drvn>KND8.—Div. on pref. 2^2 p.o., semi-an. paid Deo. 1. 1904.
Earnings.— For year ending Aug. 31, 1902, gross, $307,669; net,
$137,027; interest. $116,775; bal., sur., $20,252
Directors.— Frank Tilford, H. E. Gawtry, Henry R. Wilson, James
T. Pyle, Julian D. Fatrohild, Abram M. Hyatt and L. B. Gawtry, of
New York, and John Day Jackson, New Haven, Conn. Frank Tilford,
President; Henry R. Wilson, 1st Vice-President; H. L. Snyder, Seo'y
and Treas. N. Y. office, 208 Fifth Ave.— (V. 79, p. 2089.)
Telephone.—In 1896 this company took over the
business of the Metropolitan T. & T. Co, with exclusive rights under a
perpetual license from the American Bell Telephone Co. to the telephone business in city of New York and suburbs.—V. 63, p. 229.
Controls Empire City Subway Co., V. 76, p. 50. In 1901 stock was
inoreased from $16,000,000 to $30,000,000 (par, $100) of which
New York
American Telephone & Telegraph Co. owned $19,329,400 and Western
Union Telegraph Co. on July 1. 1902, $6,164,300; in Dec, 1902, authorized issue was inoreased to $50,000,000. V. 71, p. 139,290. Re
duotion in rates in 1905, V. 80, p. 1179. Dividends paid in 1899 and
1900. 6
p. 0.
yearly. V.71, p. 139, 290; V. 76, p. 51.
New York & Texas Land.—This company tookthe lands granted
to the International and Houston & Great Northern RRs., about 5,000,000 aores. June 30, 1904, had 1,850,312 aores unsold. Stock. $1,050,000.
par $35. Treas., J. S. Wetmore, 100 Broadway.N. Y.— (V. 80, p. 1179.)
New York Transportation Co.— Organization.— Incorporated
In New Jersey on Feb. 21, 1899, and operates under license from the
Electrio Vehicle Co. Name changed as above Jan., 1902. Stook au-
461
thorized, $5,000,000; par, $20, as reduced in Jan., 1902; outstanding,
$4 700 000. V. 74; p. 99, 215. Owns entire capital stocks of Fifth
Avenue Coaoh, Metropolitan and Century Express and Park Carriage
companies. In June, 1901, purchased Newport plant and control of
V. 72, p. 1139,
the Metropolitan and Century Express companies.
1191; V. 73, p. 35. V. 70, p. 844; V. 71, p. 290; V. 73, p. 35. Offiolal
statement, May, 1905, V. 80, p. 2224; V. 79, p. 2591. Statement for
year 1899, with balance sheet, was in V. 70, p. 840. Prest., Richard
W
Meade
;
and
Asst. Sec.
Ave. and 49th
St.,
Aest. Treas.,
Wm.
H. Palmer
Jr. Office,
8th
N. Y.-(V. 74, p. 482; V. 79, p. 2591; V. 80, p. 2224.)
Niagara Falls Power Company, The.— Organlzedin 1886 and
jas authority by speoial acts of New 1 ork State to use the water of
Niagara River and also to transmit any power, heat or light developed
irom such water to practically any point in New York State. It has
1,071 acres of land devoted to manufacturing sites for users of its
electrioal power. Tunnel first opened January 1, 1894. Completion
of installation of power-house No. 2 inoreased in 1904 the company's
capacity to 105,000 electrical horse power and 8,000 hydraulic horse
power on the Amerloan side. A plant on the Canadian sirte of 110,000
horse power is under construction; first installation of 20,000 horse
power was completed Jan., 1905, and 30,000 additional to be in May,
1905. V. 72, p. 939; V. 73, p. 35. List of customers in May, 1904, see
V. 78, p. 1910. Controls Niagara Junotion Ry„ which see.
Outstand'g. Maturity, etc.
Interest.
Par.
Securities.
$4,180,700
Stook
$100
500. &o. 5g -Various. 10,000,000 Jan. 1, 1932
lstmort.,gold.Ce.
3,000.000 Apr. 1, 1910
6g.-A.&0.
Debenfs, g.,oonv.. 1,000
3,000,000 Oot. 1, 1911
6g.-A.&0.
do ... 1,000
do
2,000,000 Nov. 1, 1914
6g.M.&N.
not) 1,000
Debentures,
Subjeotto call beginning Oot. 1, 1911,
conv
5
Stook authorized by stockholders $10,500,000. Issued, $4,180,700
$6,000,000 being reserved for conversion of debentures.
The first mortgage of 1891, $10,000,000. covers 1,071 acres in
city of Niagara Falls, tunnels, franchises, etc; also the majority stook
of the Cataraot Power & Conduit Co., Buffalo, and the Tonawanda
Power Co., North Tonawanda, N. Y. Coupon mort. bonds are $1,000
each; int. J & J; registered; $500 or multiples of $500; int. Q.-J.
The $3,000,000 debentures dated April 1, 1900, are convertible into
stock, $ for $, at holder's option on or before April 1, 1908. The $3,000,000 debentures of 1901, due Oct. 1, 1911, are convertible at
holder's option after Oct. 1, 1903, and before Oot. 1, 1908, into stook
$ for $. In Dec, 1904, $2,000,000 non-convertible debentures were
sold to complete Canadian plant. V. 73, p. 35. See V. 70, p. 689.
Report.— For year ending June 30, 1904, in V 79, p. 1461, showed
gross, $1,126,423; net, $911,893; other income, $114,936; fixed
charges, taxes, etc, $792,560; impts., $74,331; bal., sur., $159,938.
President, D. O. Mills; 1st Vioe-Pres.. Edward A. Wiokes; 2d V.-P.
and Treas., William B. Ranklne; 3d Vioe-Pres., Geo. W. Davenport;
Sec, Frederick L. Lovelace; Asst. Sec and Asst. Treas.. W. Paxton Little.
N. Y. oifioe. 15 Broad St.— (V. 78, p. 1910; V. 79, p. 1 461 .)
Ohio & Indiana Consolidated Natural & Illuminating
Gas.— An amalgamation incorporated in N. J. on Deo. 29, 1899, per
plan V. 69, p. 1251. Stook $10,000,000, of which $1,000,000 to acquire new gas fields, See statement to N. Y. Stock Exchange, V. 70, p.
994. Dividends Mar., 1900, to June, 1902, 1 p. c. quarterly; none since.
Underlying bonds, $820,000 Ind. Nat. & 111 Gas 6s (int. M-N), due
1908; $1,690,000 Logansport & Wabash 6s, J-D, due 1925; $1,940,000
Fort Wayne, 6s.J- J, due 1925; $960,000 Lafayette 6s, M-N, due 1924;
$1,940,000 Ohio & Ind. 6s (J-D), due 1926. Holders of bonds (except
Ft. Wayne Gas 6s) were asked to fund three years' coupons, beginning
with those of Nov. and Dec, 1904, into an equal amount of 4 p. e.
3-year debenture certificates, secured by deposit of the six coupons, to
provide for improvements. See V.79, p. 2089. Report for calendar year
1903 in V. 78, p. 227 In 1904 net deficit after interest on bonds and
construction ($46,234), $38,900. Pres., Chas. F. Dieterioh; Treas., A.
B. Proal, 45 B'way, N. Y.— (V. 78, p. 227; V. 79, p. 2089.)
Water Co.—Organization.— Sucoessor in 1896 of American Water- Works Co. of Hlinois, per plan in V. 62, p. 1085. In 1903
the city of Omaha proposed to purchase property. V. 76, p. 1411.
Stock, common, $2,500,000, not issued; outstanding, 1st pref., 5 p. o.
non-oum., $750,000; second pref., 5 p. c non-cum., $1,000,000. Par
of shares, $50. Preferred stocks are subject to call at par, dividends
being paid at Farmers' Loan & Trust Co., New York. Decision, see
V. 71, p. 915; V. 73, p. 1211. Divid'ds paid on 1st pref.,5 p. 0. y'rly to
Aug., 190*. inclusive. On 2d pref. 1 p. 0. 1899; 1900, 2 p. c; 1901,
2 p. c; 1902, 2 p. c; 1903, 2 p. o.
Securities.
Par. Interest. Outstand'g.
Last div., etc.
Common stock
None.
$50
F&A
1st pref,, 5p. o
50
$606,100 Aug. 10, '05, 21*
50
F&A
2d pref., 5 p.o
867,045
Aug. 10, '03,1
Prior lien gold 5s,) 1,000
5 J&J
1,093,000
July 1, 1916
Subject to oall at 105 p. 0,
$1,500,000
S
Consolidated go Id, > 1,000
5 J&J
3,543,000
1946
Subject to oall at 105 p. 0.
$6,000,000
$
President, Theodore C. Woodbury, New York; Sec, Eben Stevens,
New York; Treas., Stockton Heth, Omaha, Neb.— (V. 76, p. 1411.)
Pennsylvania coal
Coke Co.—Organization.— Incorporated in Pennsylvania in 1902. Controls about 117,000 acres of coal
lands and surfaoe, chiefly in Blair, Cambria, Clearfield and Indiana
counties. Pa., estimated to contain over 1,000,000,000 tons of ooal, collieries, railroads, electrio light companies, etc.
Properties include
entire stocks of Webster Coal & Coke Co. (V. 72, p. 884; V. 77, p. 513).
Beech Creek Coal & Coke Co. (V. 72. p. 582; V. 78, p. 1910; V. 79, p,
1706), etc See also V. 77, p. 2102; V. 79, p. 1335.
Securities—
Date. Interest. Outstanding. Last div., etc.
Common stock (par, $100) >
aQ a „. nnn
$d,67&,0UU
($7,000,000 auth).
i
Pref., 6 p. c n. o $5,000,„ «-„- 00(l
<J,o/o,uuo
000 auth. (par, $100) ... \
Omaha
&
.
,
&
Webster
O.
C. 1st con.
$3,000,000, gold, S- 1902 5g. M-S
3,000,000
Mar., 1942
($l,00u each)
)
Pa. C.
M., Ser. A, ) 1902 5g. J-J
O. 1st
1,200,000 July 1, 1932
g. red. 105, s. f
5 Int. at Commercial Tr. Co., Phila., trust'e.
Minor purch. mon. mtges...
190,000
Consol.lst
collat tr. M., ) 1903 5g. M-S
2,500,000 Sept. 1, 1953
M„
&
.
&
$12,00o,000 ($500 and } Title Guaranty
$1,000 each)
.s. f. 0*) Pa., trustee.
Car trusts
Chest. Creek
B
r
C
8t
M
*l
A7
ini
n
Co., Scranton,
719,000
252,000 Oct. 1, 1924
2,748,000 June 1, 1944
1904 5g. J-J
Intereat at Knickerbocker Trust Co., New
York, trustee.
Land & Imp.. 1898
|s OOO bo6f
& Trust
4 A-O
mrt « f ™,i h
8
b
($L00b each?:. !f.'. °J J
Bonds.— Of the oonsol. 5s of 1903, $4,200,000 is reserved to retire
the Webster Coal & Coke bonds and Penn. 1st 5s (V. 76, p. 51), $909,000 for purchase money mortgages and oar trusts and 94,391,000
for improvements and future purposes. V. 77, p. 2102. Beech Creek
guar 5s, see V. 78, p 1910; V. 79, p. 1706; V. 80, p. 1364.
Earnings.—Net earnings for oal. year 1903 applicable to interest
were about $700,000.
President, W. A. Lathrqp; Vice-President, T. H. Watkins; Sec, A. G.
1
Edwards
;
Treas., R.
M
Law.
Office,
Land Title
Bldg., Philadelphia,
Pa— (V. 78, p. 1910; V. 79, p. 1706.)
Rhode Island-Perkins Horse Shoe Compan.
.—Organiza-
tion.—Manufactures horse shoes and toe calks at Valley Falls, R. I., 6
miles from Providence. V. 61, p. 1014. Btoch— Common (or general)
stook, $1,000,000; pref., 7 per cent cum., Q J, $1,750,000 par, $100.
;
INDUSTRIAL STOCKS AND BONDS.
462
Divs.— )1892. '93-'95. '96.
Com. p.o. > 1213 lOyrly. 4^
—
Pref. p.c. )- 7 p.
—(V. 75, p. 1403.)
yrly.
o.
—
•
'97.
6%
1899 tol901. Since toJu*y'05
'98.
5yrly.(QJ)
4 per ann.
5
Klectrlc Co.—Organization. Incorpor
ated on Dec. 11, 1896. On October 14, 1903, the Pacific Uas Improve
ment Co. was absorbed; on Nov. 1, 1903, the Equitable Gas Co. and on
Nov. 17, 1903, the Independent Gas & Power and Independent Eleo. Lt.
Power cos. V. 77, p. 93, 453, 1536, 2287; V. 78, p. 12*7, 1496
<fe
Dividends. -Dividends, previously paid irregularly, were resumed
In Dec, 1903, when 2^ p. c. was paid; since to June, 1905, 5 p. o.
p. c.
flag
Q.-M
<k
)
Date. Interest. Outitand'g I ast div. etc.
Stock, $20,000,000 (par $100) ..
Q-M $15,848,433 Ju'e 30/05, 1H
Ed. Elect. L &P. lstM.,g. > 1891 6 g. Q F
Nov. 3, 1921
623,000
Int. at office, San Francisco.
($1,000 each)
5
Pao. Gas Impt. M., g., s. f. ) 1900 4 g. Q-M 1,169,000 Sept 1, 1920
Int. at Union Trust Co., San Francisco.
($1,000 each)
s
Securities
S
1
3
n
0O0^ 'm 6ro'efch)
^K-MAN
Nov. 1, 1933.
1903
8,021,000
1
Int at Unlon Tr Co San Fran., trustee.
5
see below
BOND8.-Of the gen. 4i«8 of 1903 ($10,000,000 authorized issue)
$8,021,000is outstanding, $1,792,000 is reserved to retire the underlying bonds and the remaining $187,000 is issuable for general pur.
poses and improvements. Bonds Nos. I to 4.000, inolusive, are subject
to oall, $100,000 yearly Nov. 1, at 105, by lot, beginning Nov. 1, 1906.
V. 77, p. 93, 1877; V. 78, p. 233, 1496.
Report— Report for year ending Dec. 31, 1904, was in V. 80, p.
1233, showing total Income, $4,393,277; net profit, $1,765,43'?; depreciation funds, $700,000; div. (5 p. c), $792,421; bal.,sur., $273,017.
Officers.— President, W. B. Bourn- Seo'y and Treas., Charles L.
Barrett. Directors, June. 1904. V. 79. p. 156. Office, 415 Post St.,
San Francisco. Cal. - (V. 79, p. 156; V. 80, p. 1233.)
Water Co.— See Street Railway Section.
South
'0^O
red
-
'
Yuba
Sprlna: Valler
Water
Co..
Nan Francisco.— Organization.—
Suocessor Sept. 24. 1903, per plan V. 76, p. 216,977, to Spring Valley
Water- Works. V. 78, p. 827.
SecuritiesDate Interest. Oulsland'g Last div.. etc.
Stock (par of shares, $100)
Q-J
$28,000,000 Apr/05, 63
Spr. Vai. Wat. Works 1st
4,975.000 Sept. 1, 1906
4,991,000 May 1, 1917
do
do
2ndM. I
M
M
do
do
3rd
Spr. Val.Wat. Co., gen. M.
}
—
6M&S
.
4QF
(Subject to call *ept., 1906.)
3,650,000 Sept. 1, 1P06
3,000,000
Deo. 1 1923
Int. at N.Y., S. Fran, and Frankf. on Main.
4 Q-M
1903 4 g. J-D
gold ($1,000 each)
$
Of the general gold 4s of 1903 ($28,000,000 authorized issue; Union
Trust Co. of San Francisco trustee), $1,500,000 have been Issued for
improvements, $359,000 to take up old waterworks bonds, and the
remaining bonds are reserved for construction and acquisitio a and
the retirement of the old bonds at or before maturity. V. 78, p. 992.
Dividends.— Reorganized company paid 21 cents per share Oot.,
1903; Jan., Apr., July, 1904, and Jan. and July, 1905. 63 cts. each.
Report.- Report for year ending Deo. 31, 1P03, was in V. 78, p.
987.
In 1904 total income, $2,212,304; net, $1,657,443; interest,
$730,119; taxes, $365,497; dividends, $521,890; bal.. sur., $39,936.
Officers. Pres., Chas W.Howard: Seo Pelham W. Ames; Treas.,
Bank of Cal. Office, 126 Stookton St., San Fran., Cal.— (V. 78, p. 2446.)
Standard IHtlllnsr Co.— Organization.— Incorporated in New
Jersey on Oot. 31, 1900, as successor of the United States Flour Milling Co., per plan in V. 70, p. 284, V. 71, p. 185, and owns direotly or
through subsidiary companies mills in Minneapolis, Duluth, West
Superior, Milwaukee, Buffalo, Syracuse and New York; total daily
oapaoity 47,000 barrels of flour. See V. 75, p. 1252; V. 68, p. 873, 929;
V. 69, p. 29, 1010; V. 71, p. 817. Properties taken over May 11, 1902.
8tock and Bonds.— Stock, all outstanding, oommon, $4,600,000;
pref., 5 per cent non-cumulative, $6,900,000. Of the new 1st 5s, $2,213,000 is reserved to retire at par the $1,448,000 Hecker-JonesJewell 1st 6s and $765,000 Northwestern Consolidated Milling 1st 6s
(see V. 70, p. 283). The new mortgage is limited to $5,750,000 but
may be increase by *500,000 for working capital, the bond to be
sold at not less than 95.
Dividends.- On pref.. 1903, 1%; 1904,2 % (A. A O.); 1905 Apr., 1%.
Report.— Report for year ending Sept. 30, 1904, with balanoe
sheet, in V. 79, p. 1720, 1954, showed: Income for >ear, $1,084,213;
Int. on bonds, $169,839; div. on pref. stook (1 p.c), $68,867; insurance
fund, +25,000; bal., sur., for year, $320,507; total surplus Sept. 30,
1904, $1,317,181.
,
Officers.— Pres., Brayton Ives; 1st Vice-Pres., Wm. L. Bull; 2d
Yice-Pres., J. C. Kllnok; Seo. and Treas.. J. A. Knox. Office. 49 Wall
St.N. Y.-(V. 78, p. 107,1114,1501,2010; V. 79, p. 1720, 1954.)
Standard
New
laws of
Cordage
Rope* Twine Co.— Incorporated Nov. 8, 1896, underJersey. Successor after foreclsoeure of the United States
Co., reorganized, V. 60, p. 1012; V. 63, p. 1064. Union Selling
Co. acts as selling agent. V. '5. p. 397, 613; V. 78, p. 992.
Owns 3 mills in operation, viz., Sewall Day mill at Boston (Alston),
Mass., and the Waterbury and Morgan Ave. mills at Brooklyn, N. Y.,
besides two idle and paitly dismantled; also entire stock of Cannabis Mfg. Co., owning 3 mills— the Chelsea and Boston mills in Boston, Wm. Wall
Sons of Brooklyn; see V. 73, p. 614. Reports of committees In V. 72, p. 987, 1140. Competition June, 1902, V. 74 p. 125 5.
On Jan. 27. 1^05, Fred'k K. Day, of Elizabeth, N. J., and 1). «. Ram-
&
&
say, of Brooklyn, w. re
ai>t olnted
eii k. lund
receivers, the Feb., 1905, int. on 1st
payments 01 $27,500 each being In
debt was estimated at $1,3C 0,000. V. bt», p.
476. Foreclosure under first mortgage 1 ending.
First Vortiiaye tiondhotuert' tommtiUr.—A. majority has been deposited with a committee (Alvln W. Krech, Chaiman; Equitable Tr.
Co.. dei osltar: ) with a view to reorganization. V. 80, p. 603, 1 183.
Committee for Incomes and t-tock.— ln February, 1905, a committee
(Jules 8. Bache, chairman; ColoBial Trust Co. of N. Y., depositary)
requested dej oMts of income bonds and stock. V. 80, 1 874. 1115.
Stock and Bonds.— Capital stock is $12,000,000 (par $100); outstanding, $11,960,860. The first mortgage is for $3,000,000, yearly
sinking fund 1 per cent of bonds outstanding firsts purchased for
sinking fund and canceled to July 31, 1904, $260,000. The consols are
non-cumulative incomes and entitled to one vote for each $100.
Report.— Year ends July 31. Report for 1903-04, In V. 79, p. 1265,
showed: Loss on the year's operations after paying Interest on bonds
and borrowed money, $9,166; debit bnl. Aug. 1, 1903, $737,418;
balance, deficit to profit and loss Aug. 1, 1904, $746,584. Gross sales In
1899-00, $4,255,342; in 1898 99, $4,999,275.
President, Thomas Russell; Vice Prest., George W. Montgomery;
Treas. and 8ec, Joseph G. Taylor, 14-20 State St., N. Y. Directors:
Thomas Russell, James B. Clews. G. W. MoLtgomery, Mllo M. Belding Jr., Joseph G. Tavlor, Jos O. ReifL E. Le B. Gardiner. D. S. Ramsay. Office, 17 State St., N. if.— (V. 80, p. 603,874, 1115, 1183.)
mort. bonds and two
default.
The
floating
.
;
Union
—
Dale.
Interest.
Outsiand'g. Last dir„
Mo. El. Lt. 1st M.
1891 6 Q. F.
Mo. Ed. 1st cons. M., $4,-) 1Q<V7 « „ ™
io.
&A.
00
g
'«t inlt L
Louis
ea&). °:.. -..°.\ !!'°
5
U E. L. &P. IstM.. $10,-) 1902 5 <r. M.&S.
,
(
San Francisco
yearly (14
Securities—
[Vol. lxxxi.
Electric Light
& Power
Co., Si. Louis.—Organi-
zation. Incorp. in Mo. In June, 1902, as a consolidation; In Sept., 1003,
the Missouri Edison Electric Co. was absorbed. V 77, p. 40, 774 Does
practically all of the eleetrlo lighting business of St. L<>uls. Has a
ten year contract with St. Louis Transit Co. to supply about 12,000
horsepower and ci ntract to supply public city electric lighting till
Sept. 1, 1910. Controlled by North American Co. V. ^0, p. 1000.
Securities—
Date. Interest. Outitand'g. Last div., etc.
Common stock (par $100)
$5,500,000
Pief, 5 p. 0. (par $100)
2,000,000
ttc.
$477,000
1921
3,400,000 Feb. 1, 1927
or New York.
6,123,000 Sept. 1, 1932
00^,000, gold ($1,000 > Int. at Miss. Valley Tr. Co., St. Louis, or
each)
North Amer. Co., N. Y.
)
Bonds.— Of the 5s of 1902, $3,877,000 is reserved to retire the Mo.
Edison bonds. SeeV.76 p. 1360; V.77,p. 40; V.78,p.l396; V79.p. 2751.
Earnings.— For year ending Aug. 31, 1904, gross earnings, $1,526.308; net over taxes, $619,652; int. on bonds. $379,384; bal.. sur.,
$240,268. For year ending Aug. 31, 1905 (estimated), gross, $2,100,000; net, $340,000; int. on underlying bonds, $199,850; int. on Union
bonds, $293,674; bal., sur., $346,476.
Officers.— President, Julius S. Walsh; Vice-Pres., Charles W. Wetmore; Treas., Breckinridge Jones; Sec. Harold P. G. Coates; Gen.
Mgr ., Charles H. Ledlie. N.Y. office, 30 Broad St.— (V. 80, p. 603.)
Ui>Ited
Board Sc Paper Co.—Organization.— Incorporated in New Jersey on May 28, 1902, and took over as of Jan. 1, 1902,
plan V. 74, p. 375, 26 leading straw-board and box-board Dlants
f>er
u the country having a oapaoity of 1,359 tons daily; also acquired
$5,788,300 of the $6,000,000 American Straw board Co. stock and
entire stock of Knickerbocker Pulp & Paper Co., with a daily oapaoity of 40 tons of pulp. V.74, p. 1041; V. 75. p. 1358; V. 80, p. 226.
Owns entire 2,000 shares of Unoas Paper Co Norwich, Conn.
Stock authorized, $28,967,400, of which $1 4,018, 50o common and
$14,948,900 seven p o. cum. pref outstanding, common, $13,896,433;
preferred, $14,771,459, but see V. 80, p. 226: par. $100. The plan
(see below) of Deo., 1904, involves issue of $1,450,000 pref. stock, included in the present issue above. First dividend on pref., 1% p. c,
paid Deo. 15, 1902; none since to Jan., 1905. V. 76, p. 658, 1038.
Plan— As " the first step in a thorough reorganization," and to raise
$1,000,000 cash, stockholders in Jan., 1905, subscribed for the American Strawboard stook ($5,788,300) owned by the Box Board Co. at
$17 50 per $100 share, accompanied by a bonus of 25 p. o. in Box
Board pref. stock. Subscriptions are payable to p. 0. on application,
10 p
on Jan. 30, and the remaioder in 4 equal instalments of 20
p. c. each, on April 15, July 15, Oct. 15, 1905, and Jan. 15, 1906.
The
American Strawboard stock thus purchased will be held by a committee (E. K. Stettinlus of Chioago, Chairman), subject to the right of the
Box Board Co. to le-puichase same at $18 a share on or before Jan.
15, 1906. The new Box Board stook is to be distrinuted among the
subscribers on Jan. 15, 1906, or within 30 days thereaf;er. See V. 79,
p. 2700, 2751, 2800; V. 80, p. 226.
The plan of re-capitallzatlon suggested by President Barber in Feb.,
1905 (V. 80, p. 717), [in statu quo in July, 1905], provides
Comajon stock to be reduced 6D p.c. to
$6,91S,216
Preferred stock to be reduced 50 o. c. to
7,3t-6,729
First mortgage t) p. c. uO-year gold bonds, secured by a mortgage on a'l
the company's property, including the stook of the American Strawboard Co. and convertible at option of holder Into an 8 p. c. cumulative rreferred or debenture stock at any time prior to Jan. 1, 1H09,
and thereafter to be retired at rate of »5o,uu0 yearly tor sinking
fund. Issue limited to (or to be increased $50i\0iA»)
4,000,000
Issuable to take up exist Insr mortgage deot
$1,125,000
underlriDg liens
do
do
I,8v50
To re-purcbase stock ot American Strawboard Co. and to
provide $250,i0i) additional working capital, say
1,600,000
Box
,
;
:
Remainder avnilable for other purposes
(or to be increased
94,150
*50l>,000)
BONDS.-Thelst
5a of 1903 are due $350,000 yearly from Jan. 1,
1904 to 1908, both inolusive, $250,000 Jan. 1, 1909 and $1,500,000
Jan. 1. 1913. They are subjeotto oall (when drawn by lot) for payment at nar and interest on any interest day. Of the bonds, sufficient
are reserved to retire from time to time about $l,200,( 00 of underlying
bonds on 14 of the plants (see list V. 75, p. 1304), viz.:
Traders' Paper Co. N. Y. Hs, $200,000, due by Nov., 1919, Thomrison Pulp &
Paper Co., N. Y.,hb, $200.oo0, Somerset 4 Kennebeo Co., Me., $338,000; Tytus
Paier, etc, ()., $122,&oo Wabash Paper Co., Indiana, $'00,000: Peoria Strawboard
Co., 111., 6s, |I00,« 00; Wilson, et alii. Conn.. $58,30i>, etc.
Amer. Strawboard Co. has outstanding $323,000 1st sink, fund gold
A at Internal. Trust Co., Boston.
6s, due Feb. 1, 1911, Int. paid F.
Balanoe sheet American Strawboard Co. Deo. 31, 1904, V. 80, p. 619.
Rkport.— Report for the year ending Dec. 31, 1904, including sub"
sidiary cos., was In V. 80, p. 717, showing: Gross profits, $1,183,785!
net profits over interest, repairs, etc, $257,815.
Pres, O. O. Barber; Vice-Pres., W. M. Graves; Seo. and Grn. Mgr.,
Stephen B. Fleming; Treas., E. R. 8*-ettlniu8. Direotors, Feb., 1905,
V. 80, p. 717. Office, 111 Broadway, N.Y.-(V. 80, p. 875, 1975.)
Trust Co.— Chartered in 1871
United States Mortgage
Formerly U. S. Mortgage Co.; present name assumed Feb. 23, 1895.
Stock.—Capital stock is $2,000,000 ; par, $100. Surplus, $3,000,000
Dividends.— In 1894, 6
undivided profits July 1, 1904, $508,09t).
p.c; '95. 6; '96, 6; *97, 6; '98, 7^.; '99, 10; 1900, 10; 1901. 12; 1902, 15;
1903, 16; 1904, June, 8 p. c; Deo., 12 p. 0.; 1905, June, 10 p. 0.
Bonds.—The series of mortgage trust bonds, $1,000,000 each, are
seoured by deposit with trustee of first mortgages on improved city
real estate "in amounts at least eaual to the bonds outstanding.
See application to list $5,000,000 bonds in V. 67, p. 487.
Officers.— President, George M. ummlng; Vice-Presidents, Luther
Kountze, James Tlmpson, Eben B. Thomas and Clark Williams; Treas.,
Carl G. Rasmus; Sec, Calvert Brewer.-(V. 75, p. 81, 347.)
United States Beduction Ac Refining Co.—Incorporated in
New Jersey on May 31, 1901. Extraots gold and other precious metals
from ore obtained chiefly from Cripple Creek District, Col. Official
statement showing properties owned, etc, V. 74, p. 882. In May, 1905,
the company's holdings in Utah Copper Co. were sold for about
$1,100,000 V. 80, p. 2225.
stock authorized, common, $6,000,000; pref. (also as to assets) 6 p.o.
non-cum., $4,000,000; par of shares, $100; outstanding, oommon,
$5,918,800; preferred. $3,945,800. Bonds (all outstanding), $3,000,000
first 30-year gold 6s. due July 1, 1931, int. J. & J., subject to call at
1 10 as a whole or for a sinking fund of $50,000 annually; Continental
Co., 54 Wall St., N. Y.
Trust Co., N.Y , trustee; int. paid at Kessler
Dividends on pref., l^a p.c, paid Dec 20, 1901, Apr. 1 to Oct. 1, 1903,
both incl., 1>9 p. 0. quarterly; none since to July 25, 1905; V. 77, p.
2396; V. 78, p 1279. On common, Apr. 1. 1902, to July 1, 1903. both
lnol 1 p. o. quar.; none since to July 25, 1305. Cheoks are mailed.
Report for year ending Aug. 1, 1901, given in V. 79, p. 2453,
showing net earnings (over improvements, etc) $399,337; Int. on
bonds, $180,000; pref. div. (1 ^ p. c), $59,187; bal., sur., $160,150.
President, Chas. L. Tutt; Vice-Pres. and Mgr., Chas. M. Mao. Neill;
Sec and Treas., Spenoer Penrose. Transfer offloe, 54 Wall St., N. Y.
-V. 75, p. 687, 790, 804 (V. 78, p. 1279; V. 79, p. 1283, 2453.)
:
&
&
<
&
,
Virginia Iron Coal
Ac
Coke Co.— Organization.— Owns
for-
naoes at Roanoke, Pulaski, Radford, Graham, Max Meadows and Reed
Island, Va.; Bristol and Middlesborough, Ky.; Radford Pipe Works.
Radford, Va.; Crescent Horseshoe Works, Max Meadows, Va.; steel
works at Middlesborough, Ky., and certain foundry and mach. works.
Also owns about 132,000 acres of coal lands, and owns and controls
about 209,000 acres Iron ore and timber lands, together with half of the
$2,000,000 capital stock of the Virginia <fe Southwest. Rv., Inman, Va.,
coalmines to Mountain City, Tenn., etc, 134 miles. V. 68, p. 675; V. 69,
Proposed extension to tidewater by Vlrg. &
p. 388; V. 79. p. 1703.
Southeastern Ry., V. 80, p. 226. See application to list, V. 76, p. 272.
Stock authorized, $10,000,000, all oommon; outstanding, $8,641,600;
Readjusted per plan, V. 75, p. 348, 398, 736. The scrip repar $100.
ceived for Sept., 1903, coupons was paid on May 1,1903. Of the 1st
^
July,
W
»
.
A .o
Ar
i. ; .»i«
i
^port
MoHarg,
for year
JN.
OTdingJ^ne 30 190 4,
™
8
K
Henry
.
1703; V. 80 p. 226.)
incori
ss x
(Express), -incorporated under the laws
^^ffloKrletlfTeln: fl.^Tp
x. w "" "'
„
5
'
&
Wells Fargo
Co.
operated on
on ™y**»
Colorado February 5, 186b..miles J oi^sta„e and 5,348 miles of
a
railroad 1.461
miles of
.
^
w un
^ * establishments, etc;
Chicago, Joliet an d Milwauiiee
6
S
with steamship ll ne a ^ve r l49-54 miles of roads reaches the coal
pver i4J D4mnes
also hy trackage rights
i
b between South
.,
'ntonaan 1 Joue
fields of Illinois
^^
'
m
,
CMoaMandtteBepolntoalarge wamo i«
stock, $600,000, and ^® Vi» oont™U©d Ut United
Steel Co and
^^^Zu™*™,
Federal
41,640
Bteamer routes; total, * 8 43 n m Vh«* S Aini^annual dividend paid in July,
,?
u
were paid toT^n7
»
1895 to Ju y i9oo^ i o. yearly (3 J.&J)
1894, was reduee^l to 3 P o
d sinc fc Ju]y x
-iwS
Antrtm
7^,^f^°^j^ ^lfl,
^siKss. js
Dlreotor8
extra semi-auuna^y.
aife^ii&^r^-se"?^- «ot
4V „ «oi 80d.)
1
621,
l«02 V 75 p. 621, 803.— (V 75,
V. 7», n
Oct., 1902.
& Hudson River BK. lor »»» yei'o.'
^
-incorporated in New Jersey Apr
W~
,
K
,,"
p. o.
r\J&
^
p.
»
DIVIDEND8.-2 p. o. paid June, 1901;
8ept.,2p.c;inl904 Sept 2p^c.
pS2ES£ ^sfe»^^ May 3!
R Er oKT.-For yearending 1
fund,
0.,
„ & Tni8tCo
1904 profitswe
f" '^',^1*03
In 190 T§§
sur., $9,800
"•' 52
branch
,alle8:
-
1890 a i 80 taxes
f?\^™cotel and new lease, made to
.,
^^| ^.
KSi'-«iS
S;ei||/f pre-erred and
^
per o.nt
;
nroflte.
r0
$555,542.
^
™k»
w
N
oor
O^^™
B^^fflA^SS^^Wv.
^sTchtster
»^ A'
the
States Steel Corp.
freight cars, 4,148;
in 1902, June. 2 p. c, in 1903,
and sinking
$70,000: bal.,
repairs, the l0
Cq
owned b
-
.
tral
Ud
terest
15904 miles
It v.—Embraces
ii
m
trustee,
ot
s>h.
.
1^J^*2&E%figffiSi Illinois Steel Company at
arrtfaunm diverging trunk lines, and also
of track, connecting
UfetcaaO
«
4G3
INDUSTRIAL STOCKS AND BONDS.
1905.]
TtTp. 628; V. 79. p. 1026
,,,' ,Uin
e .-See Consolidated
g
iir^w^XriVS. sSajaas'ssvai;
WWH M
2
completed trom Miami south ) miles, Henry «g Flagler. In June,
by
Clonal to Cape Sable. System owned
K WeBt ;
Cutler or
b
1905. extension was begun from
f „ rr yi)nats to
o
6 , 1eS
ab U t
^SSSS?*ScSSSoW Steamship Co.
*^J'
»°™»^
i
H a°v ana?8 5 m i e s, i^pTa- ot
l
SSttSnffiKS ftSKWS
2H &
three
first
named
me d
2
rtrus?ee
to
StSjS^JfSJag^I ^ort^to Ws'-
1903. v. /, p. ^'°",,»-...
closure to other parties on Nov. 4,
1904, 4% yrly. (F&A).
.-D1v. on pref An, 1902 to Feb
8
A.)
c (F. &
In Aue 1904, 2i«p. o.; inl905, 5 p.
.
Z£end
rettred. The new
BoroL-Alltheold bonds except $134,500 we» list. \ 74, p. 893.
owned. Bee
bondVare secured by stock and bonds
Outstanding bonds of proprietary company.
.
^
to *2 '0°0,000 n ew stoon ai
In April, 1903, stockholders subscribed
T
1
?l*p
V 77 D
llW
nes^ent
L.
P FeatWstone. Beanm»nt
823; V. 78. p. 820. Ii67.)
nl'^nn * Manhattan RR.-To be
nt dUe
e
°ornV9 Ti 2 52
t
1
p resfden
ISe^^^bffiS^Sf,
and
^K^:^^X^^'^yJg^s^^^
8
works, East Pittsburg, Pa.-(V. 76,
$1,020,000 outstandingra
-f
A
a double-tube tunnel under
Tort:«11 Je bandied .Official
•J*g»»« J Ji
™1 9J,l?ni
-
'» *•
p. 756, V. 79, p.
£»£^
See V SO v 226.
™L,iiMin«nfii
SiZol&ew
offlce
TjK»
V,»),p.lB.
completion
Christopher Street and will finance their
K. B. Konger; Secretary, C.
o£red ^nJa n
$i%° *000 unde?
consolidation of
Gas
W. King.-(V.
78, p. 10/, v. »u, p. xdo.j
,53 mile^^is about com
110 miles, of which Indianapolis to Bloomiogton,
Co. Of l.u
V
?!
T'968« 1642?
Stock. $2 000,000, all of
one
Bonds
class.
$
5»B?.,i% oVrt.^^^
226 ,2464.)
™ iS tTT ciiantla 102 m Atenclngototo Tlanoualpioan, 12 m.;
"eyes
§^ ^^o^S^lSU^^l m, Vtotal. 736 »«Ju«id. pianos-,
miles, l^res tiarom ax.
7%ri
MPTipan Eastfrn Rv.. 139 m.:
8
barre, Pa.-(V. 80, p.
1
,
,
RAILROAD COMPANIES.
SUPPLEMENTARY-See
Pages 299
also Tables
:
,
•
SlU'PhuSelpwS VloV"/r^s. and Gen. Mgr Charles Howard;
Muscatine, la.
to 438.
ClarenArkansas midland RR.-Owns from Helena, Ark., to paid:
a
$1,500 000 (par $100 ) mfUfiJM
do^47 mUes.
o.,
1-348 tier cent; in 1896-7, 74 p. c; in 1897-8, 1 9^ p.
iri iRQVfi
Ca&tock
1
^V
Gould.-^V. 72
p. 935.)
and taxes, $16,503. President, George J.
8b m.
,,,„,„„ .. up.! Point RR.-Atlanta, Ga., to West Pt.,Ga.,.cert
1903"o^ned" 547.200 stock and $388 900 deb
?u£e 30?
Ga
at rental of $16,000
5^ miles Is
A belt line around Atlanta V. 71. p. 963; operated 1354.
V. 73, p.
on its cost.
yearly, 4 p. o.
cent.per annum
Dividends begun in 1855 were for many years 8 per
per cent ^arlv^JAJ,
Fron? July 1? 1884, to July. 1901, illusive 6 (?); 1903, b%, "*•£*•.
Oct 1 1899, 25 p. C. extra (V. 69, p. 590); 1902,other income $6 019,
4 gross, $853,647; net, $429,400;
R™
Sec'y-
Treas and Auditor, George Reeder,
Limited, was formed, with
in Nov.?19Sl the Mexican Eastern Ry.
and purcapital, all owned by the Interoceanio,
* l OOOO share
narrow-gauge line from San Marcos to TtenWan ,79
oha se°rthe
miles, tne wnoie
miles and built from Virreyes to San Nicolas, 61
meet the general exfor 80 years for a rental efficient to
b^ing leased
.""* 8
of whloh
neiises and interest on the debenture capital,
and in addition,
hee^ Issued for purchase and extension of the road,
of the debenture stock The
after 1920 a^und toward the redemption
the Mexcompanfwfll have the right after June 1, 1914 to purchase p. 1263.
P
stock. V. 73,
?can Eastern Ry. by redemption of debenture
6|.Pi|64 In
OHGANIZATION.-In 1896 reorganized per plan
Mexican Gov't secured control, v. 75, p. 7»», »y/, w»4dant 1902
owning
rheNat RR? of Mexico in 1903 acquired practica control *102 second debentures. £907 500 ordinary and
£1,038,400 of 'the
l 1 2 '/-.7 7
000 cumulative preferred stook. V. 76, p. authorized in %'on%
.?
^ 1903.
solidation with the National Company was
of 4»o p. c. 2d debenture
RFrnRiTiES -On Dec. 14, 1900, £1,300,000
,
'
.
^
.
In 1903
In l 902 " 3
surplus,
J^.flfcharges, $275,072 dividends. $73,932;
$321,897.-(V. 69, p. 590; V. 71, p. 963.)
gross, $808,372; net,
Edmonton Ry.-Owns Calgary, Canada, to EdmonCalgary
per cent (since
and £1.000,000 to the Government of Mexico at 90^
ton Can 191 m.. and to Fort McLeod, Can., 104 m.
Pacific (which owns en- aomilrod bv Nat RR. of Mexico, as above stated), to retire the *^?>
In Feb. 19037 a new lease to the Canadian
under which the 6(p. sTseven per cent -A" debenture stock called for payment on Mar.
tir?$l 000 000 stock) for 99 years was ratified,
an equal amount of deben- 31.1903. V. 75, p 907, 981; V. 76, p. 382.
exchanged for
c. bonds (£?,121 700) were
t ..,. lfi ,
4 p. e.
Gross, $2 720,642; net, $657,163
ture stock, on which interest is guaranteed at wnlbe paid at par or a
EARNINGS-Smos, U905
net,
bonds
Gross, 2,723,663,
$1904
tion of the lease the principal of the
Jan. 1 to May 31.
$1,354,073. In 1903
further lease entered into. V. 7 6 p. 434; V. 77, p.
La
For cal. year 1904, gross, $6,134,183; net,
1901, to issue bonds to build the
holders voted on Sept. 20,
con
un ae
gross, $5,470,007; net,$l,2=i6,904.
combe and Westaskiwin branches, each about it50 miles
Net in £.
was proposed to ap
S
Tear ended June 30:
struction
V 79. p. 1027, 1265. In Jan., 1905, Saskatchewan River
?„ K ,™^ , «i a»ro^7
£147,627
P
Mex -> * 1 'f5o«no
(Mex.) $6,032,595
issue'bonds on brioges over
1903-04
pl7?or authority t o
65.439
849,609
the same to the oa
(Mex.) 5,224,396 (Mex.)
1902-03 ."..
to an amount not exceeding $1,00X000, to lease
413 p.
.
4
19
Pacific RR., etc. V. 80, p. 116.
f
nadian
T
Netr
*28>
subsidy is £16,000 per annum ^l/Vi^hv Govern
7o0 d°iv 6 fcTon SalfiSoS rto*
Government
held ^Govern
1,888,448 acres, of which 407,402 adores unsold
grant
gross $687 720(net,
287, V. 79, p. ^o»».)
Sent as security for cash subsidy. In 1902-03.2587; V. 80, p. lie.)
eriohsen. 9 Ne «r Broad St., London. (V. 78, p.
$261,120 -(V. 77, p. 509, 1224; V. 79, p. 126o,
'
&
^i^"™*
,
^.JK'X
^
«^
(
TdT«rn51
(
p
)
t
°
464
l a 18
1
Hou »hton Mich., to Calumet, Mich., 14
V? R«-r
Fulton, 21 miles; branches 27 miles; South Range
.
lon^tew^oo*^,8 *5
^
Mi chiKan Mine, 39 miles, opened Deo 24
1111685 M Jh » wk BR
operates 17 miles; total, 140
ga
n June 1 1901 the Hancock & Calumet
(V ,T' 2 „ >' In ear 1895
y
P i d dividends 10^
iIo'^ 785 1898 S>« c; noneasince
18 7 7
to.1903. In
p.
I V 00fe °W&S taorea8ed to $1,200,000; outstand-
Sn&i^J
Mw»lti^v
miles
^
^
*
-
'
* «JtMRQfl
&»;' ^qa! 6 7
™1!'$1 OSS.OOofpar |*100
-'-
:.
;
-
>
>
8
for *7,000
i7£ Snn18out8t and n g>
3
are reserved for $11,100 old bonds.
$339,000
rJSin? i'Sa? owned J 6 remaining are 5s; the Canadian Pacific
4
$254,000 (which are 4s), and
*^
ti?« «Tnnohnn°
?° e *;'? 00^°0 general mortgage 4s, both of which It guarantees as to
r
7 5 '^- 554> 8ee v 73
J- 556 61 6; V. 73,
"i oXi ,
nage in 1903-4 84 p. o. was ores and mining products. p. 785. Of ton.Earnings. -For 11 months ending May 31.
ross
Net
Other inc. Charges.
Balance
•nii*? *
7 30
sur
\ln\'l-^lVA\ $ 15 ?' 503 $l-889 $103,913 def. $55,320
1903-4 ... 534,605
63,441
104,393
40,063
Report. -For year ending June 30, 1904, gross, $589,798;
net
v r taxe8
6 67: other income, $756; interest, $83,608; deficit,
2 | ,
Hwo.iso. ;*ti. p. 785.)
(V. 73,
Of ?i??
™
™
'
-
„£
>
»
-
—
JJ 50 miles^
east
to
" 116.*
1
* Worth Wisconsin RR.-Scanlon, Minn., north-
timber lands in St. Louis County; branches (opened
8 miles; extension proposed to
ER '- 12 miles. Stook authorized, $350,000 Duluth &I?on
Bonds mature
$30,000 yearly on January 1 to 1907, Inclusive, and balance on
Jan. 1, 1908, and are guaranteed, principal and Interest,
by the
8
k8Bro e
So
andoover ln addition to
^«rt 20,000 acres of land in 5'-,£'
™i^ Ild Beltramiai,1 ?n Hubbard Counties
.
ad
f£
and
the Minnesota Loan & Trust Co., of Minneapolis, is mortgage Minn,
P
e trustee6
3
T e
19 3 -° 4 g'«ss *237 158 ner$8g
9?H5 eTch|s
838R9& Pres.. D P. Brooks; a
2 Sec, H. E. Gipson; Treas., P.
$36,898. ltJ?, l
R. Brooks
November^ 1904),
te«
9n&
^
'
*
%
*
:
'
Montana RR.— Lombard, Mont.,toLewistown,157m.and br 6miles*
offte *2 o^nof^'Ond8 U out8tanding, $999,000 'parTf shares.SlOa
/°°i °;
)0
$
are stamped redeemahi a « ! n^ and ^ on l months' notice,
i int.
able at 105
6
the remaining $1,001000
00
*3
^
all
outstanding;
•
hn*t°£'
v
™
International Trust Co. of Baltimore
5;
uSonnp^gs^i^.
1905,
new
^^h ^had not been arranged. Stook. $450,000; par, $100 of Year
^ D 15 1904 In Mar
te8
010 86
*°-
,?
,
8
d6f
1
cn,
-
>
Und6r 0POT
" •
lOMM *
i^nSt^f'^F ?' e mlnal Ry—Owns road
in
2796;v.fo°,
"
p.
'"
details
3 lo8 --(V- 7 9. P- 2697,
-
extending from
a point
Carteret. N. J to a connection with the Perth
Amboy * Woodbridge branch of the Pennsylvania RR., 7 miles.
RR..
In July 1905 Re° e ntral
of N J
stock *500,0o„
ofcttuum «
,.
Bonds, *Ll K on a preceding page.— V. 76,
see table
p 865, 1144.,
RR
tCS?
is
% ser
rieasure*
mortgage
Y ea
$3
'
lu y
j
M
*
6I1
50
Warehouse
foreclosed in 1899
V. 70. p. 1292. Does switching on a
basis. Stool^J2 _500,OOO of which
$1,870,250 outstanding, £l Issued
to the old bondholders. All of the stock
has been
voting trust for five years. V. 71, p. 31. No bonds. deposited in a
wheS
^^
xe^m^^^
l
5
&%?7
Ple
^i ^%S
52& 1902
a
8
f2Sn onn n
ffl! v'T' P 2
?ztrt
[
1>1
77> p 825
8t0ok author&!
I'
obtained authority to issue $200,000
1
3 4 gr 088 * 16 98 2 **«» "**»
0,l
6
.-
'
™ ^U ^ ^
^
r y
'
oner exn" *4* «
°Tv
o
sp., $4,853 - (V. 74, p. 207; V.
75, p. 343; V. 77, p. 825.)
&. Corsicaua Pacific Kr. -Warren 1 Campwood,
lioriicana ractuc
Warren to
Tex..
*
9n ™«L=:
8
60 * 64 fr
.om Warren to
,
miles Stook, $100,000; par of shares, $100. In Corsicana, about lid
sVon^« i
Nov 9
tion "
f r au tnorltyJo fssueYonds at $i'5,obo
p eV mUe^fn
S2h
^
Warren
?
mnS?
'
>
Ry.—
nnn^
W'
YoS^i 0arter
i
and,, W
Norrl8 were appointed leoetvers
For year ending f
p. 999.
June 30,
,, *"' vai
aer
S
under oper. exp., $10,984.-(V. 80, p. 999!) 1904 gross $40 091- def
a 1 ,
,1
F
* 8 1 1In898 and a ^ er8 town,Md., to Qulnsonla,
P a ^ <f•\ 7
J5-J— extended from
e
1
*
Quinsonla to
7mV,hr«
J' The
Aumbro, 5 miles. Tr* line V ]
is leased to Western Md. for interest on
bonds and 5 p. c. on $150,000 stook. The Reading Trust
Co is mort°
gage trus*,ee.-(V. 72, p. 676 V. 70, p. 478; V.
73,p 392.)
v so
V.80,
'
•
-
'
'
W
^^
l^
K^^
^
;
a *!,e rordl
&
[l,leraI Wells
Northwestern Ry.-Owns
wIT^
5
Weatherford to 1.??
Mineral Wells. Tex., 23 miles. Extension
templated from Mineral Wells to Jacksboro and Graham 70is conmUes
6
1890 ^i Pacific interests.
y
Stock.
T«v£°£ Pacific guarantees the bonds ($1,354,000 $Too%>0 The
Texas
authorized issue)
principal and Interest, by endorsement.
V. 75, p 908 $56
See
7
8
rJ
endin S June 30 1904 g?oss, $84:956; net,
01 1
£j?n l 1 F
l
annua f interest charge is $25,000. President Georee J
?T '?} Secretary
Gould; l
and Treasurer? J. W. Boot.-(V 78. p 50, 344
)
88
6
11
Faf "»ington RR.-Wisoasset, Me.,
? au
to^Aihf™
« Se); also partiaUy constructed 'from
Weeks Mills w£t *° Farmlngton, etc., Me., about 50
,
Ik^SnJrl to
Ue | to.Winslow are in operation. A consolidation mUes. of whioh
15 n
ln 1901 (see V.
1' P
P
03 V> 6 9 ' p - 233 ! v 66 P- lfl 5 Stook authori%A «i nnA
,
° ou ; ? i.
$
tstanding June 30, 1904, $243,900; par of shares,
*i no
e
t0 Call
1
,e S illnln
Real Estate
Trust Co o ? PhV^» ,°ifi a , mort ^stee ForK 19 ll
e
l8
year
1904 iros« *di Q9q def. under oper. exp $8 507 ending June 30.
iyu<i, gross, s>4i, 929
Pr«» Leonard
io
,fl
Atwood. Bullitt Bldg.. Phila.. Pa.-(v;73, P. 392.)
'
p
&
M
£A
r\
•
m
S
n^
^
>
&
L ttS
-
-
;
^ 3!
^
-
nm
i
-
-
-
-
(
Northern Consolidated Holding Co.—
^,^.t5 ATION.-Incorporatedln Ontario, Canada, late in
<
a
a majority of the stock of the Great Northern Kailwav1903. Holds
of Canada
6 Montfort & Gatlneau (ffiization Ry*
n t rt Jot to rund 1 33 mlle sa bran h of whtoh is to be built
t
^
J?
r
^?£
M^ttorTi^W
^
^
-
'
,
oon&^
B^n.
(
^ V 7JameS 8l LSu> ck authorized, $8?000,
f p 704 ° Vell; Senary,' William
pr° P rty
OI e
^
i
-
*'
v' 76?p. 704.)
<
?^n.? ,ve !J * Western Ry.-OwnsBellaire.O., to
111 miles; made standard *auge in 1904; trackage to Mill Run. O
Zanesv-lle V
6
8
8 maJorlty stock of International Coal
Co. holding 25
Swi --^! , adjoi 11
a
r °ad. Successor Jan. 1, 1903. to Bellaire
Zanes°?n f Cincinnati RR.
ville & of
In 1905 oontrol reverted to the
I
Ud n S L
CMo0,i? y of Woodsfield. O V ordinal owne?«
80, p 163 473
fi no
a ^ «t !
6
6P °" non
So°;' Jar of
Latest E arnintos.— 1 1 mos. 1904-5.. Gross, $182,765;
net. $39,6*0
July 1 to May 31.
\ 19034... Gross,
191,305; net, 48,984
ar VS&ng June 80.
r -™
-(V. 79. p. 2206; V. 80, p. 1^3, 473, 600, 1913.)
n
T^
-
^
W
,
^ Mft
-
KsSr^l^KTor''
'
,
^
INDEX TO ADDITIONAL COMPANIES.
Latest Itbms in Chkon. Vol. Page.
Latest Items in Chron. VoL
Alabama Steel & Wire Corp.. 79 2749 La Belle Iron Works
80
American Brake Shoe &
Lanston Monotype Machine. 80
Foundry
79
245* Lincoln Gas & Electric
78
American Caramel
80
2456 Louisville Lighting
79
American Cement
72
672 Manhattan Transit
77
American Confectionery
71
1014 Marconi Wireless Telegraph. 81
American Cereal
no
r
lo«o Mexican Coal & Coke
,8
American Grapbophone
80
1730 Mexican LUbt A Power
so
Amer. Hawaiian Steamship.. 78
990 Michigan MateTelephone ...80
Amer. La France Fire Kdk...78 1898 Milwaukee A Chicago
Brew. .80
American Lumber
74
9e Minneapolis Gen Electric... 80
Amer.Mutoscope &Biograph.70
431 Monongahela Light A Power. 73
Amer Pipe Manufac'ng
80
2t«3 National Car Wheel
77
American Rice
$1.2
000 stock
Ja
to bulld-aeolmiie extension
r87%Sob o nri?eTor?ssueT
m,te vaiiey
'
ta a point 'two*
w,th iomue
tuples
*~«2s
v» T 7??9^ fo'rSU'^&O^p ^^
k
8
Se P
which JjStf 33.000 were exchanged for The outstanding
$1, ^6 000 sec" md
d a h rate f ° ne
for two of
old' bonds! he
°
"«? 7 nn ?„
SmahX
^
5T
man. Jamestown, Oal.-(V.
80, p. 1112; V. 81, p.
212
)
Somerset Ry.— Owns road from Oakland to Bingham Me an*
a
42 m
x tenslon is proposed rrom Bingham
tH'irch>olnt
n£ M.- h -, ?
on Moosenead Lake. 55 miles, of which
9 mllef competed and is
D
C
8
ot on n JS}^-1 ?©*- -Capital stock
to^TsSfwo (narl
73
49
A _J ,
$1 00)
k Talking C o ?'G a rdjStr'
Me
8"7
to r6 " re the old 5s at ^before
e
"$>
ol^." ai o
maturity,
maturSy v.
^^
^
^
^Vioa^i'ii™
r
70, p. 1096. Bills payable June 30, 1904, $27 500
$27,500.
I
N 8 _Foryear 1903 -04: Gross, $124,629; net,
$48,074- oharees
? K J
,
$19,613; balance, surplus for year,
$28,461.-(V. 73, p. 900, 1 008 )
*i^,
South Georela
& West
77 miles; extension
mil;. s,o. t ^,000.'
.
O. T.
TUlman.
and the
Ry — Adel
to
Perry, Fl a
TgrSJcgSSASSffia? ,»;,
'"""""I'l"
m, »
W. Oglesby;
Treas.,
Missouri Bridge Co.-Owns a
™^er at Thebes, 111.; opened May 25
bridge
(V. 76, p.
Southern Illinois
across the
r~*
Coast
706. 866.)
&
1<)05
Central and St. Louis Valley (at. Lonis Iron ta
on the east and with the St. '
Louis & San Franolsoo and St. L. Iron Mtn Louis Southw., St.
Length to be 2,750 feet of steel truss and & 80. on the west.
1,100 feet
orete arches. Stock. $50,000, -" outstanding,
k. $50,000 all
equally owned by the
"
St Louis Iron Mtn & 80., St. Louis South western.lll.
t
,
an d Mo p aolflo.ail of which except the last Central, Chlo. &
named
Rnt :ii ; *
50-year contraot dated Nov. 1. 1901, for use of the bridge
tain
&
Illinois
South.)
——— "~
^
-
under which
bond8 and other chafes
*
2220
,
r n
^ortnern Ry.-Owns Union Springs to Fort
*
Dft^B °AV ,? J! miles. Bonds are subject to oall on and after
l>avlB, Ala., 7Hj ^f
May
fioTM
th
V. 80. p. 1424; V. 75, p.
V
M ^
78.—
Bte
a
n
thft
(V. l« p. 1424,
80,
'
)
Pom.
1366
2618
85
2799
2101
209
1909
2462
1482
874
2223
1168
886
70
585 National Fireprooflng
76
661
American School Furniture.. 8'> 22i7 National Gramophone
78
618
American Screw
80
8469 Nat. Liuht Hfat A P wer. .. 86
2408
American Sparklets
74
885 National Sugar Refining ... .72
488
Ames Shovel
73
393 New England Brick Yards... 79
2699
Armour&Co
7«
y^b New Haven Iron A Steel
79
1268
Associated Oil Co
81
168 New Jersey Zinc
74
89
Atlas Tack
78
23J
New Orleans Brewing Co ... .81 2468
Baltimore Brick
'.75
908 New Orleans Gas Light... 8t Ry. Srjp
Berlin Paper Mills
go
13S4 Newport News nhip Building
Borax Consol. Limited
80
474
A Dry Dock
76
1300
Brooklyn Borough Gas
80
2823 N. Y. A Ontario Land. Sup Jan 1900
Butte Klectrlc A Power
73
189 N, Y. A Penn. Tel. A Tel
71
1128
Calif. Gas & Klee. Corp
St. Ry. Sec. North. Ala. Coal, Iron A Ry .72
242
Carter Crume Co
71
1117 North Amer. Lumber A Pulp '6
090
Casein Co. of America
76
883 Nova Scotia Steel A Coal
81
163
Central Coal & Coke
81
152 Oceanic Steamship
78
876
Central Hudson Steamboat.. 71
238 Ogden Gas Co. of Chicago.
78
1786
Central OH
7*
025 Omaha Elec. Light A Power. 77
801
Chicago Railway Equlpment.78
1273 Passaic Steel Co., Paterson .80
1366
Cincinnati Kdison Electric... 74
729 Pearsons-Taft Laud Credit. 77
836
Cincinnati Gas & Electrio
79
164 Pennsylvania Furnace.
80
226
City of Chic. Brew. & Malt. ..77
22S2 Penna. Sugar Refining
78
088
Cleveland & Sandusky Brew. .77 2282 Pittsburg Brewing
80
10O0
Columbian Elec.Car L.&Bike.70
178 Pittiourg Oil A Gas
hO
2341
Columbus (O.) Edison
76
1146 Pittsburg Plate Glass
81
168
Computing Scale of America.77
453 Pittsburg Stove A Range
80
1238
Consol. Teieph. C'ig. 'of Penn.81
814 Planters' Compress Co.
..78
2602
Continental Cotton Oil
70
688 Pocahontas < :<>! .ienes
8#
2456
Continental Rt. Equipment.. 79
1464 Publishers' Paper
81
36
ContraOosta Water Co
14>-1
80
Pure Oil
72
876
Cramp St^el
79
1086 Quaker Oats
fco
1976
Danville Bessemer Co
80
1915 Railway Automatic Sales. ...76
88
Denver Union Depot
69
494 Rapid Transit Hierry
68
1134
Derine C al
80
1731
Reece Buttonhole Machine. .H) 1366
Diamond State Steel
..81
157 St. Joseph Stock Yards
73
856
Dupont(E I.) De Nemours.. 80
474 St. Louis Consol. Elevator
69
767
Eastern Milline * Export.... 70
1268 St. Louis Nat. Stoek Yards.. 80
2348
Eastern Steannllp
80
2228 St.L.Term. Cup. St«t. A Prop.79
628
Electric Corporation
78
46 Schoenhofen(Peter) Brew.Co.77
887
Electrical Securities Corp
>"0
715 Schwarzschild A Sulzberger
Electro-Pneumatic Transit.. 75
298
Co
."...st
263
Equitanle Life Assur.S .c'ty.Hi
214 seacoast Packing
76
766
Federal Sugar Reflning..
80
653 Seattle-Tacoma Power
to
246S
Federal Telephone
80
1858 Sharon Steel
78
1227
Flemlngton Coal & Coke
74
729 Shilllto (John) Co of Clnoln.60
229
OottHeo-Bauem.8traus Br'w.HO 1974 Standard Chain
79
780
Great Northern Paper
80
1974 Standard Steel Car
80
1178
Great Western Cereal
78
8387 Standard Typewriter
79
737
Greene Consol. Copper
80
2461 Standard Underground Cable.80
476
GuftVy (J. *.) Petroleum... .78
2440 Stetson (John b7) Co
76
268
Hammond (G. H.) Co
75
293 Street'sWest Stable CarLlae.RO
1063
Harbison Walker Refract's. .79 2694 Street Ry. A Ilium. Prop
77
618
Harper A Bros
77
2207 Susquehanna Iron 4 Steel.. .77
2162
Hotter Columbus Associat'n
Tacoma Land A ImproTem't.77
87
Breweries
80
199 Tennessee Copper
81
168
Houston (HI
80
28/3 Tidewater Steel
.71
00
Hudson River Telephone
79
267 TorringtonCo
78
8084
Hudson River Water Power. »l
268 Union Nat. Gas Corp., Pitts.. »0
1057
Illinois Brick.
..
..81
84 U. S. Bobbin A Shuttle
1809
76
Illinois Tunnel. See Chicago
United States Glass
79
3454
Subway Co.
United States Gypsum
80
876
Intern. Automobile & Veta.
United States Printing
78
8080
Tee
....
....70
009 Utah Fuel
2016
78
International Car Wheel
74
7871 Utica Gas A Electrio
78
46
Inter Smoke. Powder ACbem.80
1178 Vandalla Coal
81
816
Jersey City Water Supply ...«0
1974 Vulcan Del inning ...
.M>
603
.tones ft Laugblln 8teel Co.. 81
168 Western United Gas A BleoKanawha AHock.Coal ACoke.80 2401
trlcCo
..80
875
Kansas City Stock Yards
79
8089 White Mountain Paper
1874
80
Klrby Lumber
81
84 Youngstown Iron Sheet A
Knoxvllle Gas
77
1897
Tube
80
1788
.
15, 1902.
8
"*1 Ry or,?? onx Clty.-Owns
at^n^nTtt
at Sioux City, la. Successor of Sioux City Terminal 13 miles of traok
Ry. &
1"?11
^ ^f^
on
[Vol. lxxxi.
K|6, Sffl AT^^S^^ia ffiVSSS.
m4
E
M
INDUSTRIAL STOCKS AND BONDS.
mlXi?w^. „/ok 5
i
n
t0
SitAn«in« £°
B
F
°
.
.
\
—
July,
—
bb
. . . ..'. ..
. .. .
. .. .
.
NEW YORK AND BROOKLYN BANKS.
Capital.
(*
Capital.
Companies.
%
Par Amount. profits.'
$
New Vork $
100 200,000 10S.500 See V. 7 9, P. 188, 1931.'05.10
Aetna
20 July
100 1,500,000 3,>>47,54:4 J. & J. 19
America*
9 May '05. 5
8
Am.Exch... 100 5,000,000 4,260,900 M. AN. 20
20 Aug.'Oo. 5
100 350,000 594,600 Q.-F.
Astor
200,000 104,100 Beg. bu s. No V. *04 V 80, 199.
Batt'y Park 10«
12 Aug.'u5. 3
13
F.
100 250,000 770,97b
Bowery*
109,407
50,000
Bronx Boro* 100
6 July -05. 3
Butoh's'&Dr 25 300,000 119,h00 J. & J. None
p. 755.
100 1 100,000 363,581 Org. Ap r.'Ol. V. 72 July '05. 6
Century *
16
100 1,000,000 4,3*9,500 J. & J. 20
Chase
16 July '05. 4
16
25 450,000 1,045,500 Q.-J.
Chatham
Ap r.'03. V.76,p.l006
67,648 Beg. bu
Chelsea Ex.' 100 100,000
100 300,000 7,688,700 Bi-m'ly. 150 150 1 Joly'o5.25
v
Chemical.
l * Jul '05. 3
6
634,400 J. & J.
Ortiz's' Cen. 100 e2,550,04Ki
May '05. 4
8
8
17,4b0,700 M. & N.
100 25,000,000
City
April 1904.
Coal A Iron 100 300,000 212,700 Beg.bm iness 10 July 05. 6
100 100,000 29 1.8 32 J. & J. None
Colonial*
8 July '05. 4
8
Columbia* 100 300,000 367,424 J. & J.
July '05 2
66»*
8
100 25.000,000 12,113,000 Q.-J.
Commeroe
p. 588,643.
Cons'lldated 100 1,000,000 1,0-'' 5,100 Org Jul y,*02; V.75
40,777 V.76.p 1170, 1277
Cooper Ex.* 00 100,000
14
14
CornExoh 100 2,(00,000 3,361,614 P. & A S.Jul y,190 Aug.'05. 7
3 V.77.D.121
38,932 Beg. bu
Dlsoonnt * 100 100,000
July'Oo. 3
8
8
East River. 25 250,000 109,000 J. & J.
200,000 125,964 See V. 71, p 735. 1147.
Fidelity*... 100
12 July '05. 6
100 250,000 418,500 J. & J. 12
Fifth
I'ly
.145w
100 100,000 1,769,493 Q.-J. 200c 100
Fifth Ave*
5
20 July'O
20
100 10000000 15,»14,300 Q.-J.
First
7 July '05. 3ifl
7
100 3.000,000 4,015.900 J. & J.
Fourth
May '05. 3
6
6
60,805 M. &N.
14th Street* 100 y500,000
12 Apr '05. 6
50 1,000,000 2,234,400 A. & O 12
Gallatin
100,739 F. & A None None Feb. '96. 2ifl
Oansev'rt* y 50 200,000
20 J'ne '05. 3
20
100 1,000,000 1,287,700 Q.-M.
Garfield
6 Aus? '05. 3
6
75 750,000 546,428 F. & A.
Germ'nAm.
14 July'0=>. 7
100 200,000 728,504 J. & J. 14
Germ'nEx.'
20 May '05. 10
Germania*. 100 200,000 876,773 M. & N. 20
May '05. 3
6
6
Greenwich* 25 500,000 554,842 M. & N.
6 July '05. 3
6
Hamilton* 100 200,000 139,731 J. & J.
10 J uly '05. 6
& J 10
100 3,000.000 6,961,500
Hanover
20 Julv'0).10
& J. 20
lmp.& Trad. 100 1,500,000 6,718,900
bu s.Dec ,'04; V.79,p.2725
51,281
00 100,000
Interboro*.
12,772 Beg. bu s. Ma y.'oa V.76 p. 1277
100,000
Internat'l*. 100
July '05. 4
8
8
50 1,000,000 1,088,500 J. & J.
Irving
luly'05. 2ifl
5
100 400,000 366,890 J. & J.
Jefferson *
16 July '05. 4
16
100 1,000,000 2,038,000 Q.-J.
Liberty
May '05. 5
18
18
300,000 1,428,600 Q.-F.
100
Lincoln
<u)
Began us.Fe b.1,'0 4. See note w.
Maiden L'n ' 100 2 ?>0,000
12 July '05. 6
12
50 2,050,000 2,559,82r J. & J
Manhattan
10 J uly '05. 5
Mkt& Fult 100 1,000,000 1,385,800 J. & J. 10
9 July '05. 5
8
25 3,000,000 3,468,400 J. & J.
Meohanios'
July '05. 4
8
8
Meoh. &Tr* 25 700,000 372,912 J. & J.
July '05. 4
8
8
100 3,000,000 4,371,900 J. & J.
Mercantile.
7 July '05. 3ifl
7
50 2,000,000 1,435,500 J. & J.
Merchants'
6 July'05: 3
6
J
50 600,000 365,800 J.
Meroh. Ex
12 J'ne '05. 6
Metropolis* 100 1 000,000 1,481,058 J. & D. 12
1,000,000 265,971 Beg.bus May '05. See note w.
Metr*p'llt'n'
Au « '0 3 V.77, p. 229
84,530 Beg. bu
100 200,000
Monroe *.
May '05 4
8
8
250,000 125,703 M. & N
Mt. Morris 100
3 July '05. 3
Mutual* .. 100 200,000 244,091 J. & J.
May '05. 4
8
8
..
50 500,000 315,249 M. & N.
Nassau
26 July'05, 6
32
J.
500,000 580,900
N. Amst'm 100
10 July '05. 5
New York. 100 2,000,000 2,604.300 J. & J 10
75 July '05.50
200,000 729,500 J. & J. 75
N. Y. County 100
8 Aug. '05. 2
883,100 Q.-F.
8
N. Y. N. Ex 100 1,000,000
2*«
Nlne'thW'd' 100 200,000 203,777 Q.-M. None None J'ne '05. 4
July'05.
8
8
W. America 100 2,000,000 2,021,800 J. & J
Northern
100 300,000 217,800 Org. in Apr.' 02, V. 74, p. 1065.
10 July'05. 5
25 750,000 1,114,749 J. & J. 10
Oriental*
Aug '05. 2
8
8
50 422,700 630,389 Q.-F.
Pacific*
19^ 20 Juiy'05. 4
100 3,000,000 7,324,700 Q.-J.
Park
10 Juy'05. 5
25 200,000 429,734 J. & J. 10
People's* .
Phenix
20 1,000,000 218,800 J. & J. None None July '00. 3
20 July 05.10
Plaza*
100 100,000 265,540 J. & J.
7 Apr '05. 313
7
Prod.Exch.' 100 1.000,000 484,614 A. & O.
8 July'05. 2
8
100,000 107,128 Q.-J.
Riverside* 100
V.75, p. 162.
20,323
Royal*
OO 100,000
6 July'05. 3
6
Seaboard
100 500,000 1,471,900 J. & J.
12 July'05. 6
100 300,000 1,519,400 J. & J. 12
Second
Shoe&L'thr 100 1,000,000 429,100 Q.-J. None None July '02. 1
35 July '05.25
State*
100 100,000 880,887 J. & J. 20
84th Street 100 200,000 205,000 Beg. bu s.Oct .1902 ;V.75,p.771.
6 July'05. 3
6
Pwe'f.Ward" 100 200,000 132,311 J. & J.
5 An«.'0% 3
5
23d Ward* 100 100,000, 116,700 F. & A.
Union Ex.*. 100 750,000 577,078 Beg. bu s.Jun e,'03 V.76, p. 1332
United
100 1,000,000 163,000 Began usine ss No v 01.
Wash. H'ts* 100 100,000 146,517 Beg. bu e.Sep t'Ol; V 73, p. 422.
12 July'05. 6
West Side* 100 200,000 659,603 J. & J. 12
10 July '05. 5
11
J.
Yorkville*
100 100,000 302,311
L atest.
Period. 1903. 1904
—
;
Q—
,
. .
.
.
,
.
'
.
—
.
&
Brooklyn
.
.
.
(v)
<b)
184,222
102,630
J.
J.
J.
J.
&
&
&
&
16
7
14
12
7
14
5
July'05. 6
July'05. 313
July'05. 7
Sep. '04. 5
J'ne '05. 4
July '05. 3
May '05. 5
Jan *05. 3
July'05. 8
16
6 July'05. 3
6
May '05. 4
8
8
.Oct. 04. V .79, p. 1617.
.May ,'05. V.80,p.l832.
6 Aug '05. 3
6
6 Jan. '05. 3
6
J.
2i« Jan. '05. 3
J.
5 July '05. 3
5
J.
5 July'05. 3
5
J.
16
12
10
16
15
10
3
16
May 23.
1905, for national,
and June
7,
Unhn
placed in voluntary liqu datlon and converted to a State institution under
v I he
name of Metropolitan B*r k. V. 80, p. 847, 923, 1210, 1831; V. 81, p. 13 I.
Sprague National Bank merged in the Mechanics', and to be operated as a
branch, the capital of the Mechanics' to be increased to $1,000,000. See V. 80,
1 1n May, 1906. stockholders auth riz*d increase in capip. 1089, 1339. 1833.
v Gansevoort
and surplus to $115,0^, V. 80. p. 1702. 8196.
tal to »2o<v
increased from
Bank merger! in Fourteenth Street Bank, and capital of latter Trust Co V. 80,
z ADSorbed by Jenkins
8100 OjO. V. -0, p. I7u8, 18»U. 2432.
w 120 per cent of this is special dividend.
p 121''; V". 81. p. 131.
75, p. 1231.
June,'05. 2>«
Aug., '05.10
June,'0*>. 3
June'05. 5
V. 75, p. 422.
'04.V79p.1617
July, '05.20
75, p. 114.
July. '05 5
June,*05 10
0, p. 2196.
July, '05. 8
June,'05. 5
M
_
V.74,p.917,133«
June,'05.20
June,'05. 5
Dec, '04. 5
July, '05. 5
June,'05. 5
Q—
June,'05. 4
Apr., '05. 3ifl
July,'05.12i»
ous Cos.
July,'05.25
June.'OS. 2
1378, 1331.
-
Q-J.
—
2
Julv,'0*»
-«.-
consolidated under name of latter; see V.80,
/ See V l-O, p. 1034. 1210, 1339.
3
2*2
See note /
1
514,574
-
3
Aug.,'05. 3
July, '05. 2*
Aug.,'05 4
July, '05. 1
100! 1,000,000 1,601,715 M'thly.
700,000
4
June,'05.
July, '05.
June,'05.
Auk.,'05
100 1,000,000 2,030,54? Q.-J.
100 200,000 156,283 J. & J.
100 1,000,000 1,684,782 Q.-M.
100 500,000 980,622 Q.-F.
500,000 243,964 Beg.bu
Home.
Kings County. 100 500,000 1,467,841 Q.-F.
Longl.L.&Tr.. 100 1,000,000 1.53S951 Q.-J100 500,000 583,249 F. &A.
Nassau
Brooklyn
Flatbush
Franklin
Hamilton
100
Williamsburg xw
3
July/05
—
Brooklyn.
;
p. 1402,
1461, 1831, lb89, <5w». V.
81. p. 180.
NEW YORK AND BROOKLYN FIRE IN8URANCE COMPANIES.
Dividends.
Net surp.,
Dec. 31,
1904.* 1902. 1903. 1904. Last Paid.
Par. Amount.
Capital.
Companies.
Com'nw'lth
Continental.
Empire City.
German Am.
Ger.Allianoe
Germania
Hamilton
Hanover
. .
. .
Home
Nassau
New York...
Niagara
North River.
Peter Cooper
Phenix
Stuyvesant
Unit'd States
Westchest'r
W'msb. City
*
Over
6
100 500,000 460,866
100 1,000,000 6,756,662 25
3
49,788
100 200,000
100 1,500,000 5,841 ,907 30
6
100 400,000 537,856
50 1,000,000 2,639,226 16
2O.001
6
150,000
15
8
50 1,000,000 652,064
100 3,000,000 7,376,321 14
50 200,000 223,439 10
6
65,564
100 200,000
50 500,000 1,506,982 14
8
25 350,000 383,371
20 150,000 102,002 10
50 1,000,000 1,720,028 10
3
53,117
25 200,000
5
51,626
25 250,000
10 300,000 1,368,602 16
50 250,000 1,291,539 24
7
8
30
36
%
July, '05. 4
July, '05.18
Jan., '04. 3
July, '05.15
July, '05. 5
None
3
30
10
16
6
10
14
10
6
20
30
10
20
20
July, '05.10
8
8
10
10
Apr.,'0->. 4
Feb., '05. 5
July, '05. 5
Jan., '02. 3
Jan ,'04. 3
Feb., '05. 10
3
9
14
10
7
10
10
None None
4
16
30
3
20
30
July,'(5 10
Jan
3
,'04.
July, '05. 4
July, '05.10
July, '05 5
3k
Feb., "05.
July,'05.15
inoluding re-tnsuranoe, capital and scrip.
all liabilities,
GAS COMPANIES.-SEE AL8Q MISCELLANEOUS.
Dividends and Interest.
Par.
Companies.
tBingh.(N.Y.)lstM
$1,000
&H.
100
100
Pref., non cum
Col. Ga*. lstM.,g. 1,000
—
tCon.Gas(N.J.) Stk.
100
Securities
Period.
afloat.
$750,000 A. A O.
1,700,000 Feb Mar
3,600,000 J. & J.
1,500,000 J. & J.
1,000,000
971,000 J. & J.
1,000
15,000 J. & J.
L.Br.L'glstM.6s. 1,000
50 2,000,000 Q.-J.
Indianapolis Gas
IstM $7,500,000, g. 1.000 4,000,000 A. & O.
250,000 J. & D.
50
§Jack.'Mich.)GasStk
320,000 A. & O.
1,000
1st M. 5s. s
400,000 J. & J.
{.Madison (Wis.)G&E 100
350,000 A. & O.
1,000
1st M. 6s, g
100,000 A&O 10
Deb.,8orip,g.,6p.c 25 &0
800,000 J. & J
50
Minneap. G. L., Stk
Consol. M., gold.. 1,000 3,000,000 M. & S
a.
NewM.5s,$ioooeooo 1,000 1,000,000 m.
Mun'l Gas (Alb, N.Y) 100 2,000,000 Q.— F.
500,000 J. & J.
1,000
1st mortgage, g
Rochester Gas & Ele ctrlc —See 8tre et Rail
1,000,000 J. & J.
tSt. Jos. (Mo.) 1st M. 1,000
J.
tSt.P.(Minn.)G.L.8'k 100 1,500,000
650,000 J. & J.
1,000
1st M., currency.
600,000 J. & J.
1,000
Consol.
Gen. mort. gold.... 1,000 3,261,000 M. & S.
F.
20 2,600,000
Wash'n (D. C.) G. L..
300,000 J. & J.
tReg.,6, Series A, g Var's
300,000 J. & J.
t Reg.,6, Series B, g Var's
Ctfs.of indebt.6% Var's 2,600,000 J. & D.
Con. M., gold
0*
—
&
Q—
b 8tuyvesant
1905, for State banki.
Bank consolidated undername of latter. See V. 80, p. 1149,
Bank and
« Special divi133P, 1703; also absorbed the Merchants' Bank. V. 81, p. 131.
u Maiden Lane National Bank
divldend 100 per cent paid July 1, 1903.
t
;
Q—
Col'mb's(0.)G.L
362,247
& J.
& J.
169,454
& J
598,400
51,281 M. & S
625,300 Q.-J.
607,000 Q.-J.
536,901 JanM'y
77,505 J. & J.
806,200 J. & J.
183,777 J. & J.
199,835 M. & N.
26,128 Beg.hUf
95.826 Beg.bus
98,377 F. & A.
Dec. '03. 1**
V.79 p. 882.
.
Peoples.
%
July, '05. l^
July,'05. 3
May. '05 3
Jan., '05. 6
July, '05. 15
Feb., '05. 4
July,'05. 5
'02. V.74,p.«57
795,655 Q.-J.
—
,
.
Broadw'y*. 100 150,000
Brooklyn*
50 300,000
50 300,000
City
C.I.&B.B'z 100 100,000
10O 300,000
First
Manufac'rs 30 252,000
Mechanics' v 50 V 500,000
100,000
Merch'ts' * b 100
Nassau. ... 100 300,000
North Side. 100 100,000
Peoples' *
50 100,000
100 000
Prosp't P'k 100
125,000
Ridgew'd".
17th Ward* 100 100,000
8prague r. 100 200,000
Stuy ves'nt o 50 200,000
Union* 6 . 100 300,000
Wallabout 100 100,000
Last Paid.
J. & J.
(c)
Cent.R.B.&T.c 100 1,000,000
100 1,000,000 14,224,019 Q.-J.
Central
F.& A.
(ej
100 1,000,000
Citye
100 1,000,000 1,640,157 J. & J.
Colonial
18,116 Beg. bu
Com'nwealth 100 500,000
Q.-M.
(b)
Continental o.. 100 1,000,000
100 1,000,000 In volunt ary 11 q.
Eastern
100 500,000 1,051,147 Org. in
Empire
100 3,000,00( 9,«59,157 Q.-M.
Equitable
Farm. L. & Tr. 25 1,000,000 7,525,817 Q.-F.
Q.—
Fifth Avenue.. 100 1,000,000 1,607,435
M.
Guar.Tr.,N.Y.. 100 2,000,000 5,917,664
100 500,000 556,550 Beg.bu
Guardian.
50,000 Beg.bu
500,000
Italian-Amer.
Knickerbock'r 106 1,000,000 2,825,612 J. &D.
100 500,000 927,030 Org.
Lincoln ...
30 1,000,000 2.027,229 J. & J.
Manhattan
100 2,000,000 tt,751,833
Mercantile
100 500,000 sub pen de dMay,
Merohants
Metropolitan 100 2,000,000 6,330,236 J. & J.
100 2,000,000 7,201,029 Q.-M.
Morton
Mut. Alliance. 100 500,000 528,273 Beg. bu
N.Y.Lf.I.&Tr. 100 1,000,000 2,944,825 J. & D.
F.
New York b .. 100 63,000,000 9,916,743 J. &D.
(e)
No. American* 100 2,000,000
Real Estate... 100 500,000 717,175 J. & J.
100 1,000,000 1,173,637 J. &D.
Standard
Title Gu.&Tr.. 100 4.375,000 5.648,862 Q.-M.
Tr. Co.of Am.e 100 2,000,000 9,678,970 Q.-J.
100 1,000,000 7,667,842 Q.-J.
Union
U.S.Mort.&Tr. 100 2,000,000 4,366,070 See Mi
United States. 100 2,000,000 13,357,725 J. & J.
Van Norden.. 100 1,000,000 1,263,747 Q.-M.
Washington . 100 500,000 I, O 1 2,6 18 Q.-J.
100 1,000,000 598,827 V.75,p
Windsor
.
.
Profits
Par Amount. June 7 '05 Period. '03
100 1,000,000
Bankers'
Q—
.
Surplus & Dividends paid in '03 and 04,
and also last dividend.
Undiv'ed
Bowling Gr'n. 100 2,500,000 2,990,415 J. & J.
100 700,000 444,409 M.&N.
Broadway
.
i.
465
COS., ETC.
NEW YORK AND BROOKLYN TRUST COMPANIES.
State banks.)
Dividends.
durplus &
undlvid'd
M
.
BANKS, TRUST COS, INSURANCE
1905.]
COMPANIES.
—
....
.
.
.
.
M
Q—
*
'03. '04
%
*Date.
Apr. 1, 1938
M»r.20,'05, 4
July 15, '05, 3
1932
1, '05, 1
Jtn. 1,1936
6 Jan. 15, 1914
6
n'ne n'ne July 3,1900,2
Oct. 1, 1952
5
5
Mar.
5
5
4
5
5
10
10
6
6
Jan., '05, 2»a
Apr. 1, 1937
5
n'ne n'ne July20'02,2ifl
6 Apr. 1, 1926
6
6
V. 71, p. 392.
6
July 1, '05, 4
8
8
1910-1930
6
6
2<*
w'T Sect
5
6
6
6
5
10
6
6
5
6
6
6
5
10
6
6
6
Nov.
1,
1930
Mayl,'05,2ifl
1,
1906
1,
July
1937
ion.
July
Apr
,
'05, 1*9
July 1, 1915
July 1, 1918
Mar. 1, 1944
Aug.1,'05,2^
J'ne30,'02-27
Dec.31,'04-29
op.Junel,'08
maturity on bondt
This column shows last dividend on stocks, and
l^^^^^^^^S-^^n^^^^
T8SSSS&
stock.
8
b rtne
V. 80, p. 654.
of entire
45
Mi c h?gan Light Co., which owns entire capital
g
-
4
1
..
..
..
..
.
RAILWAY EARNINGS.
!()(>
[Vol. lxxxi.
MONTHLY GROSS EARNINGS OF PRINCIPAL RAILROADS.
Jan.
1902
1903
1P01
1905
(310m.)(310 m.).
(310 m.)
At. Top.
(310m.)
<Jfc
Baltimore
to
to
to
to
<V
7.952 m.)
8.213 m.)
8,300 m.)
8,3
1
8 m.).
Ohio—
190?
(3,884
1903. ...(3,884 to 3.948
1904. ..(3.948 to 3,987
1906
(3.987
.
Bull.
Koch.
S
m.).
m.)
m.)
m.;.
April.
216,203
272,557
311,613
2,676,468
8,971.086
3,815,804
59,953,880
6«.467,812
66,974,016
Dee.
Total.
5,141,070
5.87U.818
6,156,310
6.910,930
6 576 03f>
5,549,380
6,64«.192
8,843 388
6,487,014
S, 639.367
6.035,716
6,236,182
4.748,829
6.623,564
5.501,230
5,723,534
5.113,456
5,083,296
6.720,69:4
5.835,86'
6,24^,966
5,840,175
6,381,898
5.768,103
5,176,625
5,868.580
5,274,642
5,549,767
5,987,786
6,870,352
5,430,434
6,028,089
6.048,760
5,633,672
6.022,316
6,181,073
5,029.951
5.819,863
6.767,717
4,961.813 60,071,409
6.189,879 +f«,196,648
5,412,269 65,200,262
684,135
652,128
612.482
707,720
688,830
•731,809
612,087
717,386
642,06,3
619,11.5
762,274
736,216
643,552
707.342
738.634
704,518
710,18c
746,89c
594.810
643.772
693,982
528,976
511,818
615,446
6,678,594
7,769,490
7,696,052
8,837,088 3.179,971
3.902.982 4,lfi2,6l0
4.1)3.626 4,416.865
4,229,131 •4,376,000
3,246,620
3,967,3 4
4,3x8,831
3.554.184
4,076 154
4,474,237
8,661,482
3.937,002
4,220,876
4,127,402
4,488.2c4
4.743,962
r
3,9 6.089
4 142.909
4,751,970
8,959,146
4.264 8)6
4,562,142
40,120,406
8.862,277
9,418.880
9,857.993
4.953.238
5.489.11"
5,619,278
6,996,896
4,750.905
4,813,25S
4,410,818
6,158.171
4,057,053
4,481,478
4,634,806
4,631,304
5,410.350
6.483.811
5,910.621
478,514
573,636
5ie,540
632.272
642,919
604,77"
B58.86.-i
2,621,792
3,148,456
2.896.599
8,252,502
2,849,039
2,827,295
2.541,862
3,056.094
2.953,77(
3,615,752
8,632.187
4,132,901
3,263,^49
3, 95,394
4.061.505
4,229,1^4
1902..
(1,845 m.).
1903. ...(1.845 to i/*??in.).
1904.... (1.877 to 1,878 m.).
1905
(1.878 m.).
762,443
850.053
807,306
744,9 78
655,089
843,147
834,466
707,467
631,708
826,474
852,353
937,666
538,878
673.239
651,400
746,478
656.716
633 815
660.127
1 63,66
L-
568.864
669,166
668.383
*<48,"64
1,309,512
1,838,858
1.539,960
1,673.993
1.217,280
1,620,532
1,563,503
l,615,b93
1,138,670
1.698,380
1,930.003
1,580.377
1.743 610
1,989,308
1.968,156
1.196,124
1,748,007
1,924,915
m.).
m.).
m.).
m.).
1,492,924
1,349 578
1,460,669
1,324.945
1,170,036
1,466,185
1,536,919
1.655,533
1,738,088
1902. ...(1,607 to 1,636 m.).
1903.._(1,636 to 1.641 m.).
1904.. ..(1,641 to 1,6.1m.).
1,339,846
1,530,667
1905
(1.671m.).
1,652,569
1,225,252
1,340,929
1,440,088
1,447,251
1,434,081
l,6i 3.769
1.667,82*
1,843,344
(920m.).
(920 to 915 m.)
780,002
846,899
908.103
769,808
691,767
689.088
616.126
509,994
690.880
654,679
689,879
695,876
334,084
367,388
S4-.529
380,614
287,820
356,615
(7,590
1903.... (7,690 to 8,044
1904.. .(8.044 to 8,568
1906
(8.568
260,989
$
231,820
855.400
297.933
4,858,285
5 694,733
5,444,334
4,794,270
5,257,313
5.529.512
5,960,923
Canadian Pacific—
1902
Vov.
t
239,431
274,820
29-.706
4,596,708
5,386.593
4,74^,638
4,277,497
4.829,248
5.346.860
4,669,806
482,971.
Oct.
4,444.282
4.487,608
5,117,467
4,878,15*
6,376,929
6.407.329
5,407,741
249.*6i-
m.).
m.).
m.).
m.).
(472 to 500 m.).
(600 to 563 m.;
(653 m.).
Sept.
4.911,389
5,215.138
5.338,488
6,846,i80
I
195.365
408,597
H 84. 992
561.761
666,670
0472 m.).
Aug.
236,49
t
353,328
635,986
4*4,630
632.433
1902
190S
1904
1905
July.
260.888
271,938
205.204
289,951
248.162
280.418
203,684
206,566
258,88
815,273
4,744/60
June.
*
237,421
868 522
874,820
230,374
223,563
252,416
27!,t8i
At Pitteb.
May.
t
210,600
260.491
254.528
27/,9/e
I
188,458
232,858
260,373
810,506
Fe Sys .-
S.
1902.. ..(7,860
1903. . ..(7.965
1904.. ..(8.VS13
1905.... (8,307
March.
Feb.
t
Ala. Gt. Southern—
626191
768,447
f
202,440
243,84»
<
t
225.013
259 653
*
4(4.348,966
48,714,665
Central ol Georgia—
Cent, ol
New Jersey—
1902fl
(638 m.).
190^0
(638m.).
1904(7
(638 to6:-9 m.).
1905(7.
(6t9to603m.).
877,871
682,151
879,999
959 99.
746,651
086,687
736,992
820,252
782.M83
926,167
791932
714 975
1,107,704
988,021
816,381
926 891
998.528
990,874
2,192 211
2,o98.577
1,161,911
1,886,537
1,921,655
1,319,375
1,983.260
1,979,676
997.552
1,7?0,868
l,83l,75t
1,087,887
1.94 3,011
1,907,60*
1,730,695
1.801,074
1,840,004
1.629,724
1.754,830
1,888,603
i
1.712.012
1.888,001
1,630,282
1,992,633
1,939,670
l,979,0o7
1.853,768
2,054,808
2,078,724
8,307,56
1,932,94(
2.219,669
1.935,917
1974.167
1,706.703
1,879,522
20,779,608
21,988,716
1.40*. 857
1.599,332
1.641,959
1,6 3.776
1,442,673
1,502,160
1.617,948
1,194,023
1.52&.050
1,787,71*
1,041,652
1.671.375
1,6/ 1,603
1,167,084
16^5 291
1,819,781
1,181,846
1.672.707
1,718,890
1,325,627
1,714,788
1,807,467
1,428,4*8
1.666.623
1,719,680
1,445,157
1,57 8.929
15,634,526
18,771,870
20,106,868
768,956
874,007
960.599
884,66
662,058
802,009
783,172
788,389
703,826
837,703
842.938
852,282
787,714
747,957
966,168
806.474
9^2,907
947,140
890,286
873.65"
1.047,166
1,193,061
1,073.584
1,268,168
925,38'
1,121,227
1,300,768
842,270
934.376
1,164,332
848,778
948.506
1,017.987
631,575
6 v 7.666
719,865
692,673
683,796
683,450
633,182
686.531
609,812
532.650
707,815
648,793
680.682
800.36'.
653,789
780 741
626 195
678,943
749,3x9
712,555
753,616
889.669
764,864
676,664
776,303
707,421
685208
62:t,7l4
•616,97b
394,170
449 178
434,273
420.629
439 524
464,778
496,607
891,151
436,408
444,649
"433,8j2
406,410
482.0)3
468,850
443,107
492,6(8
610.525
444.818
508,239
614,864
461,102
521,842
514,168
400,611
424.601
353,833
386,327
467,063
421.695
4^6.370
3,091.541
3,391,355
3,411.192
8,311,570
8,740,369
3 v 95,789
4.038,778
4,2*1,035
3,487.908
8.846.1*1
8,484.399
3.702.8i2
3.531,435
3,862,368 -3.910,064
3,873,717
4,050.923
3,03/i.o3f>
3,8tf6,198
3,681,393
4.169,083
4,002,220
3,964,072
4,178.54)
4,205,054
4,443,216
4.413.733
4,i< 90,137
4,814,701
4,888,638
5,015,619
1.568,10.:
862 765
15.349,481
1,848,935
22,126,882
2,113,21.2
Central Pacific—
1902
1903
1904
1905
(1,369
(1,359
(1,369
.(1.359
Chesapeake
Chicago
tfc
1902
1903
1904
1905
Ac
Ohio—
Alton—
(915 m.).
(915 m.).
1,6,*2.429
775,681
897,166
706,489
Chicago Gt. West.—
1902
1903
1904
1905
(930 m.).
(930m.).
.(930 to 8 18 m.).
(818 m.).
Chic. Ind.
1902
Loulsv-
cfc
(547 m.).
(547 to 556 m..
(568 to f 91m.).
(591 m.).
190,1
1904
19C5
4
9.1,274
366,68'
839
829.771
613,559
4fc6.»*8
Chic. Mllw. As St. P.1902... (6,746 to 6,754 m.).
1903.. ,.(6,754 to 6,833 m.).
1904... (6,833 to 6 9u6 m.)
1905
(6.9(6 m.l.
.
3,598,939
3,498 148
3,863.43.3
3,666,000
Chic. At North West.—
1902... (5,638 to 5.921 m.).
1903d.. (6,921 to 7,412 m.).
190l<J
(7,418 m.).
1905d
(7,412 m.).
Chic. St. P. M. At
O.-
1908. ._(1.591 to 1,667
1903.... (1,657 to 1676
1904
(1,676
1905
(1,676
m.)
62.'
1,81)2.480
3,585,525 3,287,942 3,474,204 3.773,824 8,960,188 4,000 368 3,982,050 4,214,840 4,640,252
3,546.046 (3,497,399 (i4.449,369 (14.501. 715 d4.33rf.856 (J4.796.729 (14,766,402 (14.843.746 (26.183.381
3.792.662 3,709.126 4.350.831 4 038.260 3,835,900 4,380,557 4.625,080 4,929,010 6.336,634
3.872.606 3,408,306 4,861,789 4.1. 9,794 4,603,857
956.360
959,364
919.678
929,694
816,870
458.689
490.792
506,641
581,341
428,885
458,538
528,893
541,067
1,429,596
1,551,489
l.8n8.419
1,614,816
1 03,509
5,811,799
6,676,930
7,068.684
1,538,048
1,806.680
1.775.H84
1,768,776
1,658,090
2,039.018
2,088,743
1,5(49,037
1,860,254
1,764,084
1,746,191
2,001,296
2,1^8.088
1,746,928
1.965.118
2,160,498
1.797,510
1,818,617
8,302,669
1,702,500
1.097.709
1,892,616
1,701,943
1,897,237
2,006,394
18,976,576
81.197,783
22.141,108
473,652
613,692
884,203
648,866
531.404
556,777
450.697
514.200
540,72
483.380
527.941
663,719
490,749
506,472
669,727
638,696
666,773
683.68'
0C0.414
682,817
515 850
680.590
609.141
469.638
550,061
6.920,469
6,269,188
5,633,084
1,889,613 1,459,182
1,416,881 1,402,540
1,318,682 1,4(40,169
1,147,860 * 1,617.1 00
1,516,784
1,619,392
1,321,688
1,570.404
1.609,302
1,424,977
1.646,704
1,643,487
1,534,999
1,689,176
1,639,687
1,683,378
1,511.787
1.343.4.0
1,680,406
1,446.503
1,237.888
1,447,717
17.168,801
17.012,289
16,440,471
3,686,833
4,101.224
3.816,888
3.8 1H.5M9
3,321,228
4,264.190
3.869.030
8.247,969
4 393.929
4.092,633
3,18.8,828
4.42-, 252
3,680,860
4,455.601
4,103,880
3.511,494
4,224,844
4,024,092
3,818,162
3,835,611
3,938,064
4,040.135
3489.854
4 002,232
8.867.878
3.412.61
3,753,903
41.669,237
47,689.887
45,106.926
2,809,981
3,091,010
3.8 -3.572
3,247,892
2,917,243
3.211.040
3,014,643
3,66?,693
3,195.400
3.647.647
3,1 20,3 18
3,763,166
3,459,845
8,686,024
8,672,71b
3,678,276
3,637,891
4,112.723
4.199.144
3,897,794
4,877,208
3791.477
4,817,317
4,277.886
4,179,206
4,669,883
3,896,388
3,270.683
3,710,297
40,206,622
41,910,161
41.834.c49
47(1,277
450,078
522.093
403.459
408.130
3;0.0.S2
634.403
653,730
481.858
627,872
535,16"
569,388
565,477
552,074
684.167
609.473
498,820
563,898
519,113
607,070
569,927
669,883
477.804
488 681
640,760
425,053
448,028
472,236
5,604.881
6,882,778
6,803,354
4 17,668
608,613
607.H77
891,008
636,488
3,305.288
3, "95,934
3 530.878
3,751,192
3,462,870
4,043,794
3.794,588
3,821.078
8,300,318
4.087,560
4,024,226
•1,. 08,617
3,343,770
3,882,203
8,806,184
3.400.469
3.971,102
4,214.203
3,734.458
4.003,963
4,340,706
4,044,808
4,357,333
4,577,740
3,741,380
4.071,681
4,439,660
3,787,102
8,806,150
4,193,103
42,242,986
47,161,478
43,669,355
379,862
421,264
366,880
•486,005
341,839
421,069
327,166
413.697
406.080
398,694
418.848
451,264
636,679
664,848
655,146
665,966
687,437
699,047
509,798
654.789
657,894
644,349
697.858
606,271
6.248,911
6,887,166
6,1-80,119
23i.
338,041
411,884
353, 08
471,918
207,772
180,764
190,649
169,681
322,081
813.873
218,(87
177,664
183.998
170.803
208,478
194,769
198,386
201.518
202.615
2u8 337
807,088
210.079
828,761
287,736
219,583
847.118
208,937
198 381
826.037
198,592
191,113
220.628
8,518,801
2.871.664
8.484,860
248.888
1.05.320
308,746
160,656
178,219
207,376
•927,018
369,874
372.342
863,739
829,108
366.846
346,765
398,449
400.801
867,870
4 10 293
105,350
899,568
441.438
408,534
873,904
486.026
413.096
434.839
483,364
447,190
391,821
406.510
409,998
418.475
436.492
448,190
4.899,340
6.818.728
4.970,991
2,724,756
3,060,768
3.063,285
3.160,235
2,401,649
8,777,563
3.113,923
3,774,610
2,606.376
8.0H4.871
8,246.607
8,158,672
3.413,90 4
8.476,634
8,958,483
8,085.348
3,429.008
3,005,904
3.186,486
8,368,334
83,089.035
38.814.414
37,629,938
1,629,970
2.020 8*0
2.118,406
2,316,637
kl,764,664 fcl,894,631 kl. 697,789 kl,B48,803 kl,699,137 kl,679,088 W.995,171 kl,886,090 k3.081,329 k21, 132,887
2.213,447 8.1.39.878 2,079.144 2.01)2,848 2,052,815 8,020.846 2.226.8841 3 ('48,999 2.166 362 25,084,354
2,' 33.880' 2,444.981
2.347,081 3,338,071
1,976,814 3.080,896 1,991,483 3,258,334 8,010,909 9,213,661
2 018,1381 3,3 3.306 3.270,240 2,133,651
417,946
461,735
399,130
433,327
453.690
459 3*1
398.903
409,3 1
433.086
481.243
379 820
441,428
1.867,091
1.371,168
1,218,388
1,346,817
1.121,268
1.1 40.898
1,088.677
1.092,813
1.287,778
1,852.985
1,188.986
1,3U8,146
1,323,476
1,339.-96
1.249,615
1,311.883
1902
(8.153 m.).
1903
(2,163 m.).
1904. ...(2,168 to 2,lnO m.).
1905_
(2,150m.).
3,298.490
8,661.624
3,364.983
3,985. 9i0
3,876,811
2,752,396
3,353,241
2,998,800
2,713,080
1902*.. (6.461 to 6,649
1908'. .(6.849 to 5.-88
1904*. .(5.888 to 5.9SI
1905*
...(6,961
2,536,140
2.728,436
2.607.2.8
3,947,136
2,233,376
2,399,087
2.241,34,
2,553,708
407.522
480.866
398.113
406,799
317.901
873.f77
401.928
405.61C
409,831
3,493,554
3.777.861
3,651,170
4,086,967
3,114,907
3.466,285
3,707.767
8,613,523
8,509,110
3,968.857
4,090,660
4,165,6*8
1908
(886 to 1,068 m.).
1903..„(1,053 to 1.149 ra.).
1904.. .(1,149 to 1.159 m.).
1905...
(1159 m.).
432,018
513,088
4-9,650
481,461
381,883
393.011
408,661,
368,843
386,697
373.2B9
397.369
525
(643 to 588 m.).
(858 m.).
(658 m.j.
(558m.).
244.877
220,294
209,349
212,037
(880 m.).
(880 m.).
0-8" m.).
Ac
Southern-
1902. ...(1,146 to 1.181
1903
(1.121
1904
(1.121
1905
(1.121
m.).
m.)
m.).
m.).
D*nv. oV Klo Grande—
19i
8/. .(2,378 to 2,398 m.)
1903/
(8,39am.).
1904/
(2,398 m.).
(2,399 m.).
1905/
Krle-
2.956.331.
Ot. North'n System—
Hocking Valley—
m.).
m.).
m.).
m.).
1908
1903
f348m.).
1904. _
(348m.).
(346 m.).
1906
(346 m.).
838.61
778.538
761,006
'.'Ml
,6'
3.831.33:4
3,603,739
2,722.178
2.899.5W
8.011.634
3,419,706
Illinois Central.—
1902... (4,284 to 4,300
.
m.)
1903... (4,300 to 4,3*8 m.).
1904_..(4,338to4.8 4 m.).
1906
(4,374 m.).
Intern'l Ac Gt. North.
lo«n Central—
1902
1908
1904
1906
Lake
Erie Ac West.-
1902.
1903
1904
1105
1
oulsv
...
III* »V
1908. ...(3,313
)903.... (3.441
1904.. ..'3.679
1906a. .(3,973
!:87,74o
1
1
1.907.521
12,(55,268
11,480,169
1
883,973
1,1.) ,.1
462, 106
529,597
672,683
3,930,415
r
1
414,119*
f>.0(W,W72
•461,900
207,333
175,671
190,(126
37^,6(10
424.126
467.476
404,814
488 372
477.198
433,670
487.770
464,378
2.709.844
8.024.438
8,869,-40
2.771,892
3.0)7,939
8,157,930
2,888,119
3.125.344
3,267,238
(880m.).
to
to
to
to
8,441
3 579
3.P44
4,039
m.).
m.).
m.).
m.)
1903>... (2,186 to 2,885 m.).
1903*ft..(2,9l6to2,8W' m.).
1904«... (2,897 to 3.156 m.l.
1906«
(J.l65m.)
Mexican lnternat'1—
1904.1
664.08.1
795047
1,055.514
1,067,627
Nashv.—
3,623,21.1
Mexican Centrnl—
1902«
1903*
978,740
:
466.482
636.690
636,51*
462,457
619,807
416,452
510,941
1905
47,671,411
54,8.< 5.401
53,696,460
602.973
t06,760
666,582
1,785 378
1,714.430
1.818,272
Colorado
4,174,032 3,737,991
d4,72t.360 (14,214,331
4,833,951 4,441.871
600.338
680,477
639,538
643.361
(1,891 m.).
(1,891 m.).
46,404.839
48,688.428
48,784.057
503,477
642,628
626,126
010,. 99
1904..
8,903.803
4.168.007
4,188,830
478,080
834,888
667,441
1.403.B97
1 ,"33 624
.837,53
1,614,807
1903.
4,390,781
4.440.776
4,524,621
610,602
598.160
573.88H
621,706
1,460,436
(1.891m.).
(1,891m.)
4,764,076
6 848,262
6,882,569
1,081,843
1.091.171
1,099,808
1,829,706
1,371,470
1,484,808
1,495,776
1902
m.)
A St. L..-
393,958
405.913
446,209
1,327,262
1,248,408
1,286,785
647,887
6 1H.388
610.810
CI. Cla. Chic.
468,327
1,208.210
1.1(0.611
1,220,996
480,081
567.803
m.).
662,186
7,477,256
8.828,072
7,738,189
977,702
477,519
628,399
572,401
637,845
m.).
m.).
647,323
1,019,626
1.015.677
Cln. N. O. As Tex. P.(338
(338
(338
(336
6,872,670
12,229,600
895,250
951,872
847,821
876.877
890,432
1902
1903
1904
1905
4,811,811
(15.6 '8,178
9,609,168
10,961.961
904,339
996,088
851,696
982,003
99U.688
870.924
868,842
924.008
769,103
809,6.5
.
m.).
m.).
m.).
1,721,082
(848 to b80 m.)
(830 m.).
(880m.)
547,784
644,898
5-2,62.
2,620.550
2.964.620
2,879,281
8,143.074
2,685,800 »,662,20O
3,081.335 3,058 9H8
2.858,818 2,923.648
3,208,874 >3,16*,985
fcl, 808,258
1.460.557
192».987l 2.163. 91
487.672
690.574
693.642
439.545
640,373
692,899
657,69
619.094
635,387
63<4,628
597 924
513,935
699,723
657.364
562.386
435,583
564,431
527,770
548.888
672,458
570,80'!
633,803
536,801
660,471
642,512
539,786
475,781
584,358
549,429
686,334
564.067
606,039
5)l<t.*74
689.947
697,362
579,324
6,643,181
7,091.899
8,891,194
<^80 m.)
634.826
522.303
A oproxImMie ttenrea.
a Figures for 1905
+ These totals Include corrections made subsequent to the appearance of the monthly returns.
Include tbe earnings of the Atlanta Knnxvtile * Nortoern Railway.
d Includes trans-Mlssourl lines beginning Feb. 16, 1903.
« Figures are glvon In
k These figures
Mexican currency
o Monthly figures do not include New York * Long Branoh Division.
/ Includes Rio Or. West'n In all the years.
Include results on Monterey & Mexican Gulf from March 1, i902 and also Mexico Cuemavaca Ik Pacillo and Rio Verde Branch, etc., from Jan. 1, 1903.
1906«
•
1
.... ....
. . ..
.
July,
1
167
RAILWAY EARNINGS.
1905.1
'
,
MONTHLY GROSS EARNINGS OF PRINCIPAL RAILROADS—(Concluded).
Feb.
Jan.
March.
May.
April.
~~
tf tnneap.
1902
1908
1604
1906
Louis-
St.
«fc
Minn. St. P.
t
223.569
169,648
178,770
192,778
222,219
206.(126
222,324
to 1,452 m.).
to 1,409 m.).
to 1,629 in.).
to l,8;6ru.).
<V
r>lo.
t»02fl. ..(2,480 to 2,602 in.).
190Sfl... (2,602 to 2,863 m.).
1904 g.. (2,863 to 3,0(2 m.).
1906o
(3,042 m.).
Kansas
400.715
455,576
484,834
662,82b
2.(6.463
277,106
389,20'
633,873
Texas
527,984
679,525
439.229
672,967
197,811
253,521
474766
85i,b63
538,750
628,81(5
651.82k
8,344,666
3,764,690
4,067,477
4,244,427
3.518,462
3.619,929
8,823,073
3,390,050
3.698.352
3,752,161
37.465,687
4 3,095,788
43,693,615
699,364
519,834
652,044
716,976
533,396
631,976
H27.208
•6t8,961
665,262
628,858
595.39
561,353
693,143
688.2C9
605,252
039,728
705,822
639,675
716,373
781.614
644,880
682,261
758,947
620,588
714,428
6.976.170
7.?82 688
8 038,289
661,936
815,209
825,012
849,056
684,987
849,131
860,659
855,4 27
726.510
877,676
865,419
•837,378
739,819
809,475
804.9J7
735,608
829,015
888,761
746,884
831,876
857,589
822,2*7
873.853
903,524
777,768
813,080
872,349
776,886
853,219
866,414
8,676,852
10.005.967
10,378.507
744,530
718,904
1.065,271
936,471
799,817
1,035,326
875,038
790,030
939,819
946,057
808,073
830,678
896,724
F08.161
867.53"
949,890
865,143
866,606
904,662
916,702
1,068,890
1,097,377
9.262,869
11,344.019
11,569,246
J, 005,38
742,134
996.649
997,369
1.073,496
6,646,920
8.480,26b
7,008,296
6,783,793
6,565,86
6.319,977
8,656,112
5,983,616
6,718,479
6,369,989
7.137,502
5,907,730
6,734,770
6,551 37;i
7,(53,861
6,036,838
6,849,464
6,443,618
6.737,247
7.092,H29
7.821.216
6,701.579
7,068,153
7,250,540
6,799,355
7,1«6.763
7,176,818
8,427,977
6.600,888
7,014,224
6.202.78K
6.443,525
6.893,984
71,944,961
79.906,415
78,573,205
833,855
538,926
455,321
419,792
462.428
557,227
634,261
686,066
463,88b
663.950
634,303
590.664
370,758
621.952
570 497
C6J.634
262.045
642,705
643,87a
337,84f
408,215
683 197
680,891'
648,8(6
702,570
350,061
602,800
594,449
384,149
493,484
592,578
612,263
638.8-3
678,642
600.163
467,830
544,523
6,057,188
6,950,456
6,845,317
1,516,620
1,776.202
1,777,597
1,900,395
1,282,778
1,602,290
1,686,332
1.741,571
1,486,865
1,9(5.995
2,064,666
2,178,614
1,57 1,81-
1,647,286
1,902.558
2 013,603
2,223,003
1,374,73?
1,968,668
1,975,912
1,682,837
1,948 524
1,809,671
1,713,403
1,927,290
1,961,587
1,744,629
1,956,406
1.909,661
8.088 520
2,013,6.36
2.081,1 99
2,0415,180
1,629,02?
1.77 1,602
1,934,253
1,848,647
1.826,164
1,997,213
18,918,718
22,605.339
23,220,099
738,736
858,136
697,*86
740,036
601,479
716,378
719,576
870,179
671,3K
8 8,210
768,210
836,910
768,902
8H2.602
898.602
868,702
710,665
881.165
901,865
966.685
611,602
872,702
b 92,902
828,415
933,016
838,316
681,336
919.036
919,236
705,019
879.316
935,719
768,907
88X.707
996,207
776.037
834.887
894,837
3,082,377
3,285,7(6
3,108,691
3,821.012
2,872.663
3.015.700
2.941.946
3.170,268
3,162,616
3,517,657
3,539.794
4,206,186
3,302,655
3,574,437
8,573,690
4,100,781
3,408,274 3,605.925
3,799,831 4.215950
3,716,113 4.074.851
4,427,190 *j, 451,07;-
3,860,370
4,144,635
4.071,b88
3.S69.278
4,182.740
4,371.171
4,632,580
4.611,418
4,696,782
5.328,185
5.243.587
6,377,836
4,379.49"
4,552.600
5,106,613
8,682,774
9,567,174
8,473,874
9,310,774
10,516,975 9.465,825 9.529.375 112,683,395
7,553,321 8,888,105 9,099,777 9,901,938 9,698,059 9,771,503 10,106,990 9,822,760
10.726,575 9.789,960 9.228,175 122.626,419
8,229,524 10,138,604 10,767,677 10,624.538 10,827,809 10,995,403 11,041,890 10,080.75)
9,481,10.. 10,299,890 10.888,650 10,728,675 10,453.525 10,087,675 118,146,194
8.345.424 9,624,404 10,368,277 10,106, 188 9,777,669
8,638.824 10,632,304 10,fc55,677 11,519,338
580,616
674,20"
688,783
627,888
614.284
676,68£
683,842
664,632
558,948
729,020
847,889
758,027
557,622
725,086
564,748
663,112
707,436
823,79?
907,641
807,314
619,041
778,395
845,722
703,334
876.610
862.641
900.660
908,7(5
688,334
972.384
987,862
677,110
823,546
931,822
932,644
717,921
1,007,683
1,013,791
1,090,2(8
1,04 1, 988
1,018,131
(3,320 m.).
1903d... (3,320 to 3.422 m.).
(3,422 to 3.490 in.i
1904d..
1805d...(3.480 to 3,516 m.)
IS. Y. Ont. dk
5,401,007
6,239,441
6,380,74^
6,044,458
4,498,413
5,810,621
5,390.449
5,895.334
5,483,62(1
(481m.).
468,198
68»,06S
449,1 94
491,212
to 1,396
1903e...(l,366 to 1.660
19044. ..(1,560 to 1,699
1906e ..(1,683 to 1,813
m.).
m.).
m.)
m.).
809,24;
». Y. U.dfc Hud. Rlv.1902d
West'n-
1902
1903
1904
1905
!S
(481 to 648 m.).
(648 m.).
(548 m.).
orlolu dt
Western—
1902... (1,676
1903.. ..(1,710
1904.. ..(1,722
1906.. ..(1,818
.
to
to
to
to
1,710 m.)
1,72* m.).
1,799 m.).
l,b3im.).
Northern Central—
(448 m.).
(448 m.).
1908
1803
1904
1905
(443m.).
(448 m.).
Northern Pacific—
19020.. (5.302 to 6,394 m.).
1903b. .(5,394 to 5,6(0 m.).
(6,610 m.).
1904b
(6,617 m.)
1906b
1,374,148
3,223.006
3,971,048
4,078,724
(8Mb.).
RR. ofMexlco-
6,825,377
7.276.517
7,698,376
3,312,546
4 020,331
4,091,945
Ohio—
1802e... (1,323
609.57c
3,078,782
2,991,4-6
3,606,471
3,135,590
3,249.4(5
Bat' I
94M86
613,454
631,982
736,761
2,955,879 2,757,380
3.824,602 2,997,31
3,289,412 3,232,H63
8,611,290 •3,313,778
8,069,266
3,511.808
3,6*5,178
3.766,447
(874 to 912 m.)
(912 m.).
(912 to 926 m.).
Sash v. Chutt.dt. St. Ij.(1.196 m.).
1902c
1903c... (1.195 to 1,201 m.)
1904c. (1.301 to 1,2:46 m.).
.(1,386 m.).
1905c
742,101
770,391
16,709,896
17.579.y36
19,043,576
2,620,390
3.090,146
3.521.226
2,741,302
tfc
844,468
802.550
938,(96
1,652,922
Iron Mt.-
1902a
1903a
1904a
1906a
579,960
1,630.313
1,733,952
2,085,317
2,913,85b
3,693,987
3,634,567
3,343,793
Jlobllo
60:-i,660
281,047
1,894,857
1,W74.416
2,360,926
m.)
m.)
m.).
m.).
dfc
(5,570 to 5,661
(5,661 to 6,110
1904.. ..(6,110 to 6,182
1905. ...(6,182 to 6,237
8,676,948
2.971,896
2,832,958
1,663,460
1,618,580
1,919.122
1,268,718
1,411,486
1.107,85
1,571,456
.
I
265,627
257,141
232,118
25-072
1,439,503
1,530,822
1,210,337
1,332,579
1,367,426
1,890.30b
. .
t
305,700
1,435,14(
1,111.690
1,298,032
1.381,393
1,339.837
1902.
I
341,998
299.164
b 09,382
1,271,559
1.327,102
1,388,397
1,311,028
1,403,33C
1.493,748
1,466.081
1903...
Total.
725,13'
1.337,896
•Mo. Pac.
l>ec.
728,294
786,613
772,695
307,023
266,067
263, 845
693.27M
589 732
641,479
340,205
266.608
240.663
•268,245
Nov.
»
351,232
269,853
374,377
f
I
317,613
246.82^
248,816
I
t
289,700
227,943
535,068
676,910
450,347
56<\736
168,811
771,546
S.S.M.-
dk
1903....U.356
1903.. ..(1,462
1904.. ..(1,489
1806 ..(1,629
•
274,143
234,100
186,287
241,868
•
298,166
235,86-
376,648
438,187
I
262,971
m.).
m.).
m.>.
m.).
(0*3
(648
(643
(785
Oct.
Sept.
Auk*
July.
June.
.
1,395,28ft
1,172,754
1,09 -,056
1,331,847
1.667,725
1,398.180
1 4 10,797
•V01.150
1,646.91
1
666,41-6
•995,386
1.740,120
1.883,661
803,940 88,458,685
824,240 810,3 10,085
825,540 10,288,318
3,759.165
3,799,120
4,351,763
45.201.578
47,973,126
43,929,639
(Transylvania—
(All lines east of P. & E.)
1902+1.(3,673 to 3,640 m.).
1903+1.(3.640 to 3,658 m.)
1904+1.(3,658 to 3,681 m.).
1906+*. '3.681 to 3.888 m.).
Pere Marqueile(1.179 m.).
1902
19031.„(2,0b4 to 2,108 m.).
(2,108 m.).
(2,108 m.).
1904}
19061
771,996
676.026
1808,10b
780,584
1797,75".
892,303
774,798
1920,058
788,331
I9il,377
983,076
'1,005,9.32
1,856,389
3,324,900
3,089,323
1,921,175
3,131,419
3,661,437
1,992,195
3,072,c82
2,964,758
1,939,444
2.923.121
2,817,873
2,244,542
2,990,804
3,399,736
2,887,469
2.759.211
3,135,858
2,861.119
8.787.531
3,201,588
27,912,369
36,247.818
35,446,677
191,763
242,313
2,-50,948
2,281,211
165,318
3,026,156
256.197
8,026 59*
2,387,939
2,131 012
1,971,823
618,996
8,421,628
3,323,363
8,344,718
8.896.068
3,381,226
2,801.359
2,906,794
3,681,648
17,631,192
32.583,291
36,417,428
3,048,102
6.505,235
6,066,479
8,177,372
6,167.017
4,999.376
2,234,508
2,084.760
6,0(3,133
4,789,696
2.761.6S8
5,412.d32
6,623,098
5,232,187
6,154,279
6,527.0=4
5,762,478
5,694,325
6,883,231
45,543,681
68.831,104
73,884,106
2,147,895
2,794,984
8.574,171
2,602.203
2,440.126
8,105.731
2,982,81?
3,402,25b
2,766,303
2,978,185
3,226,417
3,320,457
2,251,710
3,295,110
2,956,970
8,550,477
2,193,320
2,977,386
3,429,204
3,310,380
1.772,286
1.698.041
2.279,386
1,928,818
2,232,060
2.861,156
4,460.20
4,610,535
1,166.813
2,b52,838
3,347,691
3,612,049
5,262,110
6,277,622
5,511.308
5,942,266
dk Iron
2,604,049
3,084,936
2,513.726
2,957,616
2,858,061
8,192,581
2,697,5 J6
2,984,780
(1,003 m.).
1903.. ..(1,003 to 1.010 m.)
1904.. ..(1,010 to 1,012 m.)
(1,012 m.)
1605
Coal
rOS.697
I838.53f
•948,211
677.090
Philu. dk ReuilliiK1902
4,341,215
8.772,370
6,003.376
5,913,533
4,812,416
4,803,772
6,242,204
5.331,072
5,998,353
5,b39,340
7,678,624
7.1 30,992
3,418,623
6,247,948
6,804,681
7,19*,525
Co.—
1902
1803
1904
1905
Total both Co.'s—
1902
1903
1904
1905
9,955.375
888.569
1963.918 511,431,901
844,718
939,161
935,169
907,45b
808,108
1929.748
1U63.681 11,055,743 11,084,992 11,061131,196,128 •1,249,300 1,168,641
•993,478 1,138,130
838,355
J976.813
•931,543
3, 1* 0,335
5.923,8:il
5,335.966
Rock Island System—
r3.323.456 r3,776,307 r3,910,96; r4,278,680 r4,48),146 r3,873,015
2.297,518 2,883,156 2.814,010
1/4,413.26 1/4,390,59? *4.4S2,833 1/3,911.772
.
m.). 1/3,888,296 1/3 583,375 1/3,68'J.435 1/3,518 162 1/3,198.736 1/2.903,07; !i3,937,780
1/3,896,814 1/4,117,881 1/4,318,813 1/4,132,406
m.). 1,3,478.076 3,42. ,8 H 1/8.695,696 V3.088.339 1/3,025,226 j/3,383.615 v3.033,968
1/3,49h,374
m.). 13,471.8.51/8,794.104 1/3.785,085 1/3,289,662
Svs.—
1,702,697 1,818,669 2,037,935 2,137,752 2,348,620 2,068,116
3,534 m.). 1,799,577 1,588,671 1,817,117 1,691,387 1,746,970
*3,09i i.720
2,693,281 *2,682,41« *2,595,81H *2,512,666 t»,886,227 t3,197,932 i 3, 19 1,7 17 t8.357.892
4,891 m.). $2,759,480 1 2,466,711
*2,783,503 *3,412,434 t3,535,443 t3.842.614 $3,610,405
6.870 m.). *2.911,360 *2,870,434 t/,986,257i3.022,0i0 * 2,842,820 * 2,685,335
6,955 m.). * 2,979,676 1 3,480,516 $3,251,141 *2,9£6,9»1 *3.022,4S0
1902j> . (3,819 to 7,i 33
1903r...(7,033 to 7,233
190lr._(7.233 to 7,274
1905r..(7,19? to 7,274
.
St.
Li.
dk ». Kr.
1903... .(3,202
1903... .14,330
1904.. ..(4,891
1905 .. .(£,870
St.
to
to
to
to
m.)
Louis Southwest.—
8,279,211
8,913,846
8.938,488
7.945,320
3,394.958
9,071,438
7,972,286 8 85,798.789
8,625,773 8 92,098,384
8,413,360 92.613,591
3,291,416
3,591,731
3,716,117
3,493,856
8.754.006
4,041,051
3,820,343
8.866,690
4,289,641
3,872,389
4,l««,553
4,434,303
3,306,722
3.740,798
4 208,706
3,531,968
3,910,617
4,3b9,516
40,177,482
44,072.288
47.028,224
697,011
778,751
739,424
•805,220
697,615
783,780
759,240
789,968
881,170
893,88?
956.122
944,345
1,030,101
1.168,004
1.184,834
1,341,776
1,138.537
1.298,370
1,409,395
1.269.094
1,416.72*
1,658,600
11,286,601
12,094,743
12,433.146
247,076
378,028
284,730
863,832
253,251
383,9 fa
346,031
273,676
262,962
368,459
887,995
260,684
362,716
376,917
281.71*
349,934
364,323
•266,077
314.H69
874,153
*60,08k
293,347
815,296
2.977,141
8.832,469
8,783,608
8,710,057
4,162,831
3,860,440
4,501 172
1.329,698
4.637,571
4.965.951
4.744,427
4,158,067
49.086.849
4551,769
n 4617,388
613,074
626,918
667,884
715,026
626,868
663,53?
641,98)
529,508
588,490
714,136
649.027
648,138
1902_.. (8,794 to 8.806 m.).
1903.... (8,835 to 8,978 m.).
1904.... (8,978 to 9,147 m.)
(9,147 m.)
1906.
7,147,785
7,002,040
7,134,171
7,188,861
6,099,008
5,918,438
6,812,640
8,583,012
6.628,220
6,881,610
7,270,466
7,880,107
6,810.181
7,306.979
7,439,616
8,231,616
6,832,856
7,459,844
7,618.033
8,154,252
6,464,813
7,768,006
6,967,733
6.926,294
7,724,124
7,130,569
to 7, 114 m.)
to 7,144 m.).
to 7,204 m.).
to 7,200 m.)
3,284,688
3.508,040
3,722,044
3,731,114
2,979,355
3,380,558
3,779,895
3,411,860
3,243,083
3.810,500
4,054,880
4,512,486
3,143.164
3,543.440
3,521,793
3,819,82
3,173,370
3,442,983
3,532,12w
3.860,972
3,034,833
3,359,402
3,187,550
3,710,936
1.084,749
1,067,061
1,139,460
1,137,880
875,817
609,891
889,839
1,007,511
906,883
927.916
803,582
894,077
304,072
910,348
798,891
877,163
820,580
273,197
233.668
262,969
191.217
230,408
247,74 6
251,481
227,109
291.223
220.022
238,846
3,325,158 3,476,869 3,740,874
3,210,829 1.099.133 4,176,206
(14159.027
rt 409.1.778 re 3837,907 114027,99
n4472,oce n 3881,461 T» 4.779,801 n47ol,6b2
Co.—
Southern Railway—
1902J. . . (6,781
1909J... (7,114
1904J... (7,144
1905).. .(7,204
Vsxas
dk Pacific—
I902....(l,t65 to 1,710 m.).
1603.. ..(1,710 to 1,754 m.).
1904. ...(1.764 to 1.827 m.)
(1.827 m.).
1905
857,748
Toledo <& Ohio Cent.(430 to 436
(436
(436 to 440
(440
1902
1803.
1904
1906
m.).
m.).
m.).
m.).
Union Pacific System1902.... (6,744 to 5,761 m.).
1903. ...(5,768 to 5,344 m.)
1904.... (5,344 to 5.866 m.)
1905. ... (6,360 to 5,352 m.)
Wabash—
1902. ...(2,367 to 2,484 m.)
1903.... (2,484 to 2,486 m.)
1904. ...(2,486 to 2,616 m.)
(2,516 m.)
1905
1,551,556
1,706.631
1.760.611
1,872,460
1,481,551
1,760.961
1,794,759
1,795,286
1,510,760
453,362
470,785
480.301
468,611
413,274
440.337
423,39?
393,355
504,804
668,114
619."&
553,143
521,229
659.4e0
(31,380
519,381
536,526
689,100
518,445
594,899
638.314
649,956
756,157
816.468
538,119
680,762
714.790
558.490
555,855
628,704
672,085
820.18c
534,526
563 302
660.877
462,994
625,941
681,411
59P.4H0
(9)7 m.)
dfc
1906
Miss. Val.—
...<
(1.211m.).
+
•
|
And
6-12,994
Lonis Division included.,
S
365,310
4,196,141
n 4588,168 n 4535,682 n 5183,844 n 5876,676 n 6052,788 n 4956.338 1154041,819
re
4665,602
n 4812,090 n 6427,858 n 6925,773 n 6719,798 n 4882,246 n 56821,210
1,92-1,674
(,889,106
1,860,198
1,694,344
1.881 092
19,981.461
2.032,400
24,583.873
684,181
490.621
604.918
681.289
6.407.436
6.P83.208
6,548,348
786,291
805.273
999,71
759,951
8+6.215
1,029,(78
6,995.908
7,639,156
8.488,947
1,711,998
1.81» 07
2,057,818
1,970,096
8,082,152
1,903,704
2,121.424
8,480,785
1,840,909
3,239,687
2,609,661
581,074
606,530
546,076
547,920
626 41;
678,768
591,016
618,639
602,094
592.966
593,010
604,629
642.43S
609,856
629,788
549,26V
446,460
666,7b0
504,771
441.080
613,969
620,844
605,217
650,814
581,546
568,167
582,110
643,587
758,954
730,330
854,45)
1,515,621
1,709,906
2,028,084
1,924,024
1,721,531
2,000,16(1
2,'.
06,29.
8,643,165
«96^
2;>,561,966
557.998
H Includes Buffalo & Allegheny Valley Division beginning with
66 miles of canal.
moliSes reSmts
%Z*&\f^^&MZ3£n<£S££?:
InoludMLake Brie
at?
re
3<!9,845
n 47 16,870
1,366.17)
1,516,612
1.622,641
1,575,769
1,098 to 1,162 m.)
1803.. ..(1,162 to 1.171 m.).
1904... . (1,171 to 1,201 m.)
1908.
287,824
263,245
«
1,680.208
1,672,454
1,771.412
1,852,049
(877 m.).
(977 m.).
(977 m.).
Yazoo
338,825
297.01?
3,942,208
8.900,261
Wisconsin Central
1908
1903
1904
1906
1.001.654
948,934
1,069,977
7,281,928
7,479,928
8,337,323
8,007,016
8.218.02b
8,136,951
673,357
534,668
658,481
872,9
Pacific
689,190
768.187
874,578
6,853,384
7,603,767
7,779,376
536,744
613,836
519,111
730,567
Southern
37,342,666
765,86t)
603,82?
672,399
593,299
797,866
(I,b09m.).
22,764,315
*3,440,551
709,163
771.413
816.772
650,857
572,004
669,164
629,900
1905
1,987,004
t3,l 18,888 t34.653,010
779,750
733,489
909,697
640,568
594,659
686,371
678,453
....(1.293 m.).
1903. ...(1,293 to 1,303 m.)
1804.. ..(1,303 to 1,309 m.).
1902
r3,978,790
1/3.881.582 1/45,738.046
1/3.940,163 1/43,441,639
on Sherman Shrev. & South
^^^^T^rn^t. „f
+.h-
n,
1901.
nfii^nfa^in'cmde^
Missouri Midland and San Antonio extension since
n,.™
«,«*
r.in«
May
15. 1901.
astern.
Figures for these years include other income.
*ures do not include other income.
i
—
*
468
.
INDEX.
[Vol. lxxxi.
INDEX TO COMPANIES—CONSOLIDATED,
Companies not given in the Supplement
tables in their alphabetical order
NAME.
WILL BE FOUND UNDER
Adirondack
Delaware & Hudson.
Ala -asna Central
Southern Railway Co.
Alabama Midland
Atlantic Coast Line ER.
American Bell Telephone
American Telephone A Telegraph.
American Biscuit & Mfg
National Biscuit
Amerioan Bridge
United States Steel Corporation.
American Cigar
American Tobacco.
Amerioan Dock & improvement Co..Central of New Jersey.
American Sheet Steel
United States 8teel Corporation.
American Spirits Manufacturing... Distilling Co. of America.
Amerioan Steel Casting
American Steel Foundries.
American Steel Hoop
United States Steel Corporation.
American Steel & Wire
United States Steel Corporation.
American Tin Plate
United States Steel Corporation.
Aroostook County
Bangor A Aroostook.
Ashtabula & Pittsburg
PittsburgYoungstown A Ashtabula
Atchison A Nebraska
Chicago Burlington & Quincy
Atlanta Knoxville & Northern ... Louisville & Nashville
Atlantic & Northwest.
Canadian Pacific.
Austin & Northwestern
Houston & Texas Central.
Battle Creek A Sturgis
Lake Shore A Michigan Southern.
.
Bay
City
& Battle Creek
Gap
Bell's
Michigan Central
Pennsylvania Coal
A Coke
Beech Creek Coal
&
Coke.
Cambria & Clearfield.
Rutland RR
Bethlehem Steel Corporation.
Bennington & Rutland
Bethlehem Iron
Big Sandy ...
Binghamton Gas Works
Old Colony
United States Rubber (Miscel. Co's)
Boston Revere Beach A Lynn
Chicago & North Western.'
Boyer Valley
Brooklyn & Montauk
Brunswick A Western
.
Long Island
Atlantic Coast Line RR.
Erie RR
Burlington Cedar Rao.
Northerns hicagoRock Island A Pacific.
Burlington & Missouri River
Chicago Burlington & Quincy.
California & Oregon.
Central Paoiflo.
California Pacific
Southern Paoiflo RR.
et
a
People's Gas Light & Coke.
5c"5i P» if,"--:
Camden & Atlantio
West Jersey & Sea Shore.
Canada Central
Canadian Pacific.
,e
United States Steel Corporation.
-;-:
. Central...
Carolina S
Seaboard Air Line.
A Southwestern
Buffalo
. .
.
Chicago
& North
Paoiflo.
Western.
.
i
'
M
™
™
. . .
£
Choctaw A Memphis
Rock Island Companv.
Choctaw Oklahoma A Gulf
Rook Island Company.
Cincinnati Hamilton A Indlanap. .Cincinnati Indianapolis
AWestern
**"&* Chicago.Cleveland Cin. Chic*! A s* Lo'.Ts
Cincinnati Ti,^i
A Indiana Western
Chicago Cincinnati A Loui«vin«
a K'chm.md A Muncle....Chlca!o
nn J!
Cincinnati Sandusky A Cleveland.. Cleveland Cin. ChicA lSu "vl to.'
A St. Louis
Cincinnati Southern
Cincinnati New OriMnaAiC p««
X
a °-
rftciM
Slnnat
PW
^.fe^L^Mh A Michigan:.\\\cievEl C^hicIas* Lo u^
8
^°^ Sfa^-. o^::::;£5s»^£*
&
Clearfield
8teel
^p° rat1--
A Clearfield
an
0lumhu
n
E}« !l
\fj £ 'nd ....Cleveland Cin. Chic A St. Louis.
Cleveland ?
Lorain A Wheeling
Baltimore A Ohio.
Cleveland Terminal A Valley
Baltimore A Ohio.
R
Jefferson
Cambria
-
!l
West Va. Central A Pittsburg.
uouur *Chesapeake A Ohio.
Br
International A Great Northern
rwiern
J& ™*3° Industrial Co
Colors do T 5L"T,n
Colorado Fuel A Iron Co
:
Co umb a A Greenvine
Southern Railway.
Columbian El Car Light. A Brake.. Consol. Ry. El. Lighting
6"«'"« A Equip
<* r.quip.
Columbia A St. Louis
Wabash
Columbus Connecting A Terminal.. Norfolk A Western
Columbus A rocking Valley
Hocking Valley
Columbus A Indianapolis Central... Pittsb. Cincinnati Chlo. A
St. Louis
^ouis.
Columbus A Toledo
Hocking Valley
Oommeroial Union Telegraph
Commercial Cable.
Consolidated Ice
American ice.
Consoidated Indiana v;oal
Chicago Rook Island
Conso Kan City Smelt'g <s Refln'g. American Smelting <fe A Paoflc
Refining
tuning.
Consolidated Real
£™
Coal wl"? A £, i
River
Western
Estate
Consolidated Stone
U ne , £*"-,
.!
I i
Continental Coal
rwi
Coniinentjil
Tobacco
Current River
?*"
T?^te A 8Great Southern
Dakota P
1
,
4
! -a
".Lehigh Valley
Chlo., Indian.
People's
Gas
A Louisville
L.
A C.
(Miscel. Co's.)
'
Hocking Valley.
American Tobacco.
Kansas City Fort Scott A Memphis
ChicagoA North Western.
Chicago Milwaukee A St. Paul.
Electric.
Chicago A North Western.
.Pere Marquette.
Detroit Southern.
3
See Miscellaneous Companies.
on oe * Toledo
Lake Shore A Michigan Southern.
5,
nSSSu
Detroit Toledo A Ironton.
tSaSSkSFSPS*
Duluth Short Line
Northern Pacific
Durham A Northern
Seaboard Air Line.
New Amsterdam Gas.
vSStnSZS* £***.- -A
EaetTenn. Va, A Ga
Southern Railway.
Eastern Equipment
Pere Marquette.
pastern of Mass. (also East, of N. H.)Boston A Maine.
Eastern of Minnesota
Great Northern.
Easton A Amboy—Easton A North. Lehigh Valley
B
Dg8 C0 Ele L1 *
Fdi.nn Electric Light
/i°o yQ ... San Francisco°-Gas Qt * Pow «.
Ldison
Power.
Electric
<£N. y
Consolidated Gas Cc of New York.
e
ht & Power
Consol. Ry. Elec Light'g A Equip.
f n55S Short Line
^«"P.
Ellwood
Baltimore A Ohio.
Elmira State Line
Tioga RR
Pas & Northeastern RR
'..New Mexico Railway
Coal
w,
Equitable Gas Light A Fuel
Peoples' Gas L. A C
'
Equitable Gas Light Co. (N. Y.).... New Amsterdam Gas (Miscel Co's )
Erie A Jersey
Erie RR.
a
az0
Lake Shore A Michigan Southern.
vi;
iS! A Western n,
Erie
Transportation Co. Pennsylvania RR
8t Louis & North Arkansas.
,
.
¥
?*«
fIpI^M
P
A
'
A
A
* w 'f
^n^l^/^^-V —
A North American
European
-
••
Maine Central.
Evansville Henderson A Nashville.. Louisville A Nashville.
Evansville Terre Haute A Chicago. Chicago A Eastern Illinois.
r
th° rn
-Chicago Milwaukee A St. PauL
F^i fr°a f
United States >iteel Corporafaen.
£?,_"?. ^A* 6 !-,Flin t A Pere Marquete
Pere Marquette.
Florida Central A Peninsular
Seaboard Air Line Ry.
rn
Savannah Florida A Wester*.
SSJ
FnrV^n.m, i. ?r Q 11 -Ti
1
B}??n Brl age-. --St. Louis A 8an Fra, Cisco.
E™, l™ ^
.-
''
r
8
-.
-
General Rubber
United States Rubber.
Georgia A Alabama
Seaboard Air Line Ry.
Georgia Carolina A Northern
Seaboard Air Line Ry
Georgia Pacific
Southern Railway.
Grand Rapids Gas Light
Amerioan Light
irn,ouon
Grand Rap. Kalk. A Southeastern.. Pere Marquette. A Traction
Grand River Valley
Michigan Central.
Green Bay Winona A St. Paul
Green Bay A Western.
Gulf A Chicago
Mobile Jaokson A Kansas CityHancock A Calumet
Mineral Range
Hannibal A St. Joseph
Chicago Burlington A Quinoy.
R V ™ * Port0 » e8 ter
New fork New Haven Hartford.
i Dakota
Hastings A
Chloago Milwaukee A St. Paul.
enderson Bridge
Louisville A Nashville.
Hereford
Maine Central.
Hoboken Ferry
N .Y. AHobok. Ferry (Miscel. Co's)
Holly Manufacturing Co
International Steam Pump Co
Hoosler Equipment
Cincinnati Richmond A Mtincie.
a
^"' „^„°-i
-New York New Haven A Hartford.
Delaware A Hudson Co.
Huntington A Big Sandy
Ohio River.
Hutchinson A Southern
Atohison Topeka A Santa Fe
Illinois Tunnel
Chicago Subway.
Imperial Rolling Stock
Canadian Northern.
Indiana Bloomingtou A Western... Peoria A Eastern.
Indianapolis Cin. A Lafayette
Cleveland Cin. Chic A St. Louis
Indianapolis Decatur A Western... Cincinnati Indianapolis
AWestern.
Indianapolis A Louisville
Chicago Indlanap. A Louisville.
Indianapolis A St. Louis
Cleveland Cin. Chic A St. Louis.
Indianapolis A VlnoinnesJ
Vandalla RR
International Navigation
International Mercantile Marine.
Iowa A Dakota....
Chicago Milwaukee A St. Paul.
Iowa Falls A Sioux City
Dubuque A Sioux City.
Iowa Minnesota A North western.. Chicago A North Western.
Jackson Lansing A 8aglnaw
Michigan Central.
Jefferson Clearfield Coal A Iron.
Buffalo Rochester A Pittsburg
Jetterson Madison A Indianapolis.. Pittsburg Cincinnati
Chic. A St. L.
Johnson Co. of Pennsylvania
United States Steel Corporation.
Johet A Chicago
Chicago A Alton.
JunoMon A Breakwater
Delaware Maryland A Virginia
Kalamazoo Allegan A Gr. Rapids.. Lake Shore A Michigan Southern.
Kalamazoo A White Pigeon
Lake Shore A Michigan Southern.
°»«i<ueni.
Kanawha A Hooking Coal A Coke. Hooking Valley.
Kankakee A Southwestern
Illinois Central.
a
8c0 £ * Qu
Kansas City Fort Scott A Memphis.
£oJ!!! a %ty £°m
Kansas City A Memphis Ry. i'-Bridge.Kansas City Fort Scott A Memphis.
Kansas City A Pacific
Missouri Kansas' A Texas.
\
K?™
«
w£ £ H{SP
^
(Miscel.)
H
Chicago A Atlantic
Chicago A Erie
Chicago Burlington A Northern.... Chicago Burlington A
Quincy.
* no lnnatl
Chicago Cincinnati A Loire/llle.
Chicago Dock
Chicago Subway
Ch cagoGas
Peoples Gas L. A Coke.
Chicago Gas Light A Coke
People*' Gas L. A C (Miscel Co's
Chicago A Grand Trunk
Grand Trunk Western
Great
Chicago Terminal Transfer RR.
^ e ! te ™-:
Chicago £
Hammond. A Western
Chicago Junction.
Chicago A Indiana Coal
Chicago A Eastern Illinois.
Chicago Ind A St. Louis Short Line.Cleveland- in. Chlo
A St Louis
a
ChlcaK0 & Nortn Western
S«
Chicago A North Michigan
Pere Marquette.
Pacino
Chicago fermiual Transfer.
r£
£*o River
Cincinnati Indianapolis A Western.
£
SjjJJ? A Pacific
Chicago
Chicago Milwaukee A St. Paul
See Atchison System. Apr .Te Sup.
»**£?,,* CaUfornla
CWcafo I 8t. Louis
Cb cago A
Atchison Topeka A Santa Fe.
Chicago St. Louis A New Orleans
niinois Central
8
tt8bur *,7
1 ***'** Cincinnati Chicago A St. L.
rhie»IS It PaUl * MmneapoUs.... Si
a
t
&
Chicago St. Paul Minn. A Omaha.
? !2 i T omAi
K
Chicago ANorth Western.
? II Wisconsin A
?-r\Y.
Chicago t?
Minnesota.... Wisconsin Central.
f^ygSA?- W
Denver Gas A
",
A Iron
-
Chateaugay Ore A iron
Delaware A Hudson.
Chatham A Lebanon Valley
Rutland RR
Chattanooga Rome A Southern.... Southern Railway
™£
1
Gas
Sf?!? Consolidated ot
nSf,"^68 A lQlm A Western.
Detroit Grand Rapids ?\;
Detroit A Lima Northern
ckmai £ Marquette
TuH°i* ™*
^
Central Branch
££w™
Tennessee Coal
Lehigh Valley.
T
Wr ew ° rlea
Houston A Texas Central.
?,
BJ
n<le
8t Louls * 8an Francisco.
K,^?
Fremont Elkhorn°A ,*
A Missouri Val... Chicago A North Western.
,
£l°
h elel
rt
Central California Electrlo
South Yuba Water
Central Counties
Canada Atlantic.
Central Massachusetts
Boston & Maine
Central of Ga. RR. A Banking
Central of Ga. Ry.
Centra Ohio..
Baltimore A Ohio.
n a 1 e aa £ Northwestern
Houstoo A Texas Ceroral.
£?
Central ?r ^
Union Gas
New Amsterdam Gae.
Charleston A Savannah.
Atlantic Coaac Line RR.
Charlotte Columbia A Augusta.... Southern Railway
Charlottesville A Rapidan
Southern Railway.
E
'
°f^
^dLanden Coal & ^^
i
n B
«^
n2i
ijeiano
ZZl w° 1 M ^
9™8
Dubuque & Sioux City.
Chicago Rock Island &
T
^i
A
Cedar Falls & Minnesota
Cedar Rapids Iowa Falls & N. W
Cedar Rapids & Missouri River
Central Branch Union Paoiflo
-
W
Kansas City Memn. & Birmingham.
Missouri Kansas A Texas.
Boonville Bridge
Boston Clin. Fitch. & New Bed
Boston Rubber Shoe
Boston Winthrop A Shore
be found by reference to the Index below.
NAME
WILL BE FOUND UNDER—
a£°.-_- "_" :
Missouri Kansas & Texas,
R*5£l* Norw
New York New Haven A Hartford.
drMora
non^nl * Qra ?i?",
a
U Ai
Chicago A East Illinois.
9?
i^ H^
....Chesapeake & Ohio
Amerioan Light <fe Traction.
St. Louis A San Francisco
Birmingham Belt
Birmingham Equipment
<&c
may
S^i^-iV-a"^
. . .
—
-
Kansas City Pitts. A Gulf.
Kansas City A Southern.
Kansas City St. J. A Co. Blufls
Chicago Burlington A Quincy
Kansas City St. Louis A Chloago. ...Chicago A Alton.
Kansas City A Missouri
Kansas City Ft. Scott A Memphis.
Kansas Pacific
Union Pacific
Kentucky Central
Louisville A Nashville.
Kentucky Distilleries A Warehouse. Distilling Co. of America.
Knox A Lincoln
Maine Central.
Lake Erie A Detroit River
Pere Marquette.
Lake Superior Consol. Iron Mines.. United SUtes Steel Corporation
Lamson Consol. Store Service
American Pneumatio Service.
Leamington A St. Clair
Canada Southern.
Lehigh A Delaware
.Lehigh A New England.
Lehigh A New York
Lehigh Valley.
Lehigh & Susquehanna....
Lehigh Coal A Navigation (Miscel.)
Lehigh A Wilkesbarre Coal
Central RR of New Jersey.
Ler»y A Caney Valley
Missouri Pacific
Lexington A Frankfort
Louisville A Nashv'le (L. C. A Lex.)
Leyiand Line
International Mercantile Marine.
Lincoln A Northwestern
Chicago Burlington A Quincy
L ncoln Park A Charlotte
Buffalo Rochester A Pittsburg.
8
B°bcaygeon a Pontypool Canadian Pacific
HE.',' */
Little Rock Bridge
Rook Island Company.
Little Rock Jet.— Little R.AFt.Smith Missouri Pacific
Locomo. A Mach Co. of Montreal.. See American Looomotive Co
Long Dock Company
Erie RR.
Long Island City A Flushing
Long Island.
Louisiana A Missouri River
Chicago A Alton.
I oulsvllle Cincinnati
A Lexington.. Louisville A Nashville.
Louisville A Frankfort
Louisville A Nashv.-L. C. A Lex
Louisville A Nashville Terminal... Louisville A Nashville
Louisville New Albany A Chloago.. Chicago Indianapolis
A Louisville
.
.
July,
WILL BE FOUND UNDER
NAME.
Louisville New Orleans &
Louisville Southern
Madison Gas & Electrio
Illinois Central
Manitoba South west'n Colonization. Canadian Paoiflo.
Chicago A North Western.
Mankato & New Ulm
Maricopa A Phoenix & Salt Rlv. Val
Maricopa & Phoenix
Atlanta Knoxville & Northern.
Marietta & North Georgia
Marqvette A Bessemer Dock ANav.Pere Marquette.
Marquette Houghton & Ontonagon. Duluth South Shore A Atlantic.
Connecticut <& Passumpsio.
Massawippi
Kentucky Central.— Louis. A Nash.
Maysville A Lexington
Pittsb.MoKeesport AYoughiogheny
MoKeesport & Belle Vernon
Southern Railway.
Memphis & Charleston
Louis Meroh'ts' Bridge Ter. RR.
Chicago & North Western.
Merchants' Bridge
Menominee River
Metropolitan Elevated
Mexican Eastern
Michigan Lake Superior
Midland of New Jersey
Midland Terminal
St.
.Manhattan Elevated.
Interooeanio of Mexioo.
Lake Superior Corporation.
New York Susquehanna & Western
Cripple Creek Central.
Wisconsin Central.
Milwaukee & Lake Winnebago
Milwaukee Lake Shore & Western.. Chicago & North Western.
Chicago & North Western.
Milwaukee*; Madison
Chicago Milwaukee A St. Paul.
Milwaukee A Northern
Northern Pacific.
Minneapolis A Duluth
Minneap. St. P. & Sault Ste. Marie.
Minneapolis A Pacific
Minneap. SaultSte. Marie & Atl'tlc. Minneap. St. P. & Sault Ste. Marie.
Minneapolis Union, Minn. Western. Great Northern.
Chicago A North Western.
Minnesota & Iowa
Chicago <fe North Western.
Minnesota & South Dakota
Chicago & Alton.
Mississippi River Bridge
•
Missouri Kansas & Texas.
Missouri Kansas & Eastern
Missouri Kansas & Texas.
Missouri Kansas & Oklahoma
St. Louis A San Francisco.
Missouri & Western
Mobile & Ohio.
Mobile & Bay Shore
Baltimore & Ohio.
Monongahela River RR
Chicago Indianapolis & Louisville.
"Monon Route"
Great Northern.
Montana Central
Long Island
Montauh Ex tension RR
Lehigh Valley.
Morris Canal
Consolidated Gas of New York.
Mount Morris Electrio Light
Mt. Vernon Woodberry Cot. Duck. .Consolidated Cotton Duck.
People's Gas Light A Coke.
Mutual Fuel Gas
Louisville & Nashville.
Nashville Florence & Sheffield
Tennessee Central.
Nashville & Knoxville
National Cordage
Standard Rope A Twine.
National Electric
Philadelphia Electric.
American Linseed.
National Linseed Oil
National Starch
Corn Products.
National Bteel
United States Steel Corporation.
National Tube
United States Steel Corporation.
Nebraska
Chicago Burlington & Quincy.
New Amsterdam Gas
Consolidated Gas of New York.
Newark Somerset A Straits ville
Baltimore & Ohio.
New Brunswick
Canadian Pacific.
Newburg & New York
Erie RR.
New Haven & Derby
New York New Haven & Hartford.
New Haven Steamboat
New York New Haven & Hartford.
New York Susquehanna & Western.
New Jersey Midland
New Jersey Southern
Central of New Jersey.
New Orleans Mobile A Texas
Louis. & Nash. (N. O. A Mobile Div.)
Newport & Cincinnati Bridge
Louisville A Nashville.
Newport & Richford
Connecticut A Passumpsio.
New York Bay Extension
Long Island.
New York Biscuit
National Biscuit.
New York A Brooklyn Ferry
Brooklyn Ferry (Miscell. Co's.).
New York Elevated
Manhattan Elevated.
New York & Erie
ErieRR.
N. Y. Gas Eleo. Lt. Heat & Power. .Consolidated Gas of New York.
New York Glucose
Corn Products.
New York Lake Erie & Western
Erie RR.
New York Mutual Gas
Consolidated Gas of New York.
New York & New England
New England RR.
New York A Northern
New York & Putnam.
New York Pennsylvania A Ohio
Erie RR.
New York Providence & Boston
New York New Haven A Hartford.
N. Y. A Queens Gas
Electrio
N. Y & Queens Elec. Lt. & Power.
New York & Rockaway
Long Island.
New York A Wilkesbarre Coal
New York Susquehanna & West.
<fe
NilesTool Works Co
Niles-Bement-Pond Co.
Nodaway Valley
Chicago Burlington & Quinoy.
Norfolk & Carolina
Atlantic Coast Line RR.
Norfolk Terminal & Transportat'n. Chesapeake & Ohio.
Northampton
Lehigh & New England.
Northeastern RR of So. Carolina.. Atllantic Coast Line RR.
Northern Alabama
Southern Ry.
Northern Illinois
Chicago & North Western.
North Pacific Coast
North Shore.
North Shore
Canadian Pacific.
North Wisconsin
Chic. St. Paul Minn. & Omaha.
Northern California
Southern Pacifio RR.
Northern Maine Seaport
Bangor & Aroostook.
Northern Ry of Costa Rica
United Fruit (Misoel. Companies.)
Northwestern Grand Trunk
Grand Trunk Western.
Northwestern Union
Chicago & North Western.
Ocean Steamship
Central of Georgia Ry.
People's Gas Light & Coke.
OgdenGas
Ogdensburg & Lake Champlain
Ogdensburg Terminal
Ohio Indiana & Western
Ohio & Little Kanawha
Ohio River
Ohio Southern
Ohio & West Virginia
Omaha & Grant Smelting...
Ontario A Quebec
Rutland RR.
..Rutland RR.
Peoria & Eastern.
Baltimore & Ohio.
Baltimore & Ohio.
Detroit Southern.
Hocking Valley.
American Smelting & Refining.
Canadian Pacific.
Oregon Improvement
Pacifio Coast Co. (Misoel Comp'es.)
Oregon Short Line & Utah Northern. Oregon Short Line.
&Rome
Ottumwa Cedar Falls A
St.
Rome Vi atertown A Ogdensburg.
Chicago A North Western.
Paul
Kansas City Ft. Soott A Memphis.
San Francisco Gas & Electrio.
Ozark Equipment
Pacific Gas Improvement
Pennsylvania & N. Y. Canal
Lehigh Valley.
Pennsylvania & Northwestern .. Cam brla A Clearfield.
Penobscot Shore Line
Maine Central.
Pensacola A Atlantic
Louisville & Nashville.
Peoria & Northwestern
Chicago A North Western.
Petersburg
Atlantic Coast Line RR.
Phila. Germant'n A Chestnut Hill. Connecting Ry
Philadelphia & Reading
Reading Company.
Pine Bluff A Western
St. Louis Iron Mount. & Southern.
Pittsburg Cleveland & Toledo
Baltimore & Ohio.
Pittsburg Juootion
Baltimore* Ohio.
Pittsbur.h Lisbon & Western
Wheeling * Lake Erie.
Pittsburg Newcastle & Lake Erie. Baltimore & Ohio.
Pittsburg Shenang/) & Lake Erie... Pittsburg Bessemer A LaKe Erie.
Pittsburgh Virginia & Charleston Pennsylvania.
.
WILL BE FOUND UNDER—
NAME
-
(Yazoo & M. V.)
Southern Railway.
American Light & Traction.
Lake Shore & Michigan So. System
Texas
Mahoning Coal
Oswego
469
INDEX.
1905.J
Pittsburg & Western
Pleasant Hill A De Soto
Pleasant Valley Coal
Portland & Ogdensburg
Portland & Rochester
Portland Saoo A Portsmouth
Portsmouth Great Falls
Postal Telegraph Cable
A
Baltimore
& Ohio.
Kansas City Clinton A Springfield.
..Denver* Rio Grande.
Maine Central.
Boston A Maine.
Boston & Maine.
Conway Boston & Maine.
Commercial Ce ble.
Nlles-Bement-Pond Co.
& Whitney
Santa Fe Prescott A Phoenix.
PresoottA Eastern
Chioago A North Western.
Princeton A Northwestern
Ral. & Gaston Seaboard Air Line.
Raleigh <fe Augusta
Ravenswood Hpencer & Glen ville.. Ohio River.
Chicago Burlington & Quinoy
Republican Valley
Southern Railway.
Richmond A Danville
Atlantic Coast Line RR.
Richmond <fe Petersburg
Southern Railway.
Richmond York River A Ches
Denver & Rio Grande.
Rio Grande Western
Pennsylvania.
River Front
Seaboard Air Line
Roanoke & Tar River
Buffalo Rochester & Pittsburg
Rochester & Pittsburg
Rochester & Pittsburg Coal & Iron. Buffalo Rochester & Pittsburg.
Rutland.
Rutland-Canadian
Wabash.
St. Charles Bridge
St. Olair Madison A St. Louis Belt.Mlssourl & Illinois Bridge A Belt.
United States Steel Corporation.
St. Clair Steel
United States Steel Corporation.
St. Clair Terminal RR
American Light & Traction.
St. Joseph Gas
Canadian Pacific.
St. Lawrence & Ottawa
Pratt
Illinois Central System.
Louis Alton A Terre Haute
Terminal Association of St. Louis.
Louis Bridge & Tunnel
Louis Council Bluffs A Omaha.. .Wabash.
Louis Iron Mount'n & Southern.. Missouri Pacific System.
Chicago & Alton.
Louis Jacksonville A Chicago
Louis Kansas City & Northern... Wabash.
Louis Kansas & Southwestern Kansas Southwestern.
St. Louis & San Francisco.
St Louis Oklahoma & Southern
Illinois Central System
St. Louis Southern
St. Louis & San Francisco.
St. Louis Wichita & Western
Chicago Milwaukee & St. Paul.
••St. Paul"
St.
St.
St.
St.
St.
St.
St.
St.
St.
St.
St.
St.
St.
Paul & Duluth
Paul Gaslight
Paul Minneapolis
Northern
Pacific
American Light
A Manitoba... Great Northern.
& Traction.
Paul& Paoiflo
Great Northern.
Chic. St. Paul Minn. & Omaha.
Paul & Sioux City bonds
Chic. St. Paul Minn. & Omaha.
Paul Stillwater & T. F
Baltimore A Ohio.
Sandusky Mansfield & Newark
San Francisco & San Joaquin Val.. Atchison Topeka & Santa Fe.
Chateaugay & L »ke Pla cid.
Saranao & Lake Placid
Chic. St. Paul Minneap. <s Omaha.
Sault St. Marie A Southwestern
Atlantic Coast Line RR.
Savannah Florida & Western
Sohenectady
& Duanesburg
Delaware
& Hudson.
Baltimore & Ohio.
Norfolk & Western.
Seaboard Air Line.
Seaboard & Roanoke
Atlantic City.
Sea Coast
Pacific Coast (Misoel Companies.)
Seattle & Northern
Missouri Kansas & Texas.
Sherman Denison A Dallas
Sherman Shreveport A Southern... Missouri Kansas & Texas.
N. Y. New Haven & Hartford.
Shore Line
Atlantic Coast Line RR.
Silver Springs Ooala & Gulf
Sioux City & Nor. and S. City & W. Great Northern.
Sioux City A Pacifio
Chicago <fe North Western.
Long Island.
Smithto wn & Port Jefferson
Elmira & Lake Ontario.
Sodus Bay & Southern
Southern Ry., Carolina Division.
South Carolina A Georgia
Denver Union Water.
South Platte Canal & Reservoir
Louisville A Nashville.
Southeastern A St. Louis
Chicago & North Western.
Southern Iowa
Chicago Milwaukee & St. Paul.
Southern Minnesota
Southern Pacific of California.
Southern Pacific Branch
Southwestern Ark. <fe Indian Ter. ..Arkansas Southwestern.
Southern Ry., Carolina Division.
Spartanburg Union & Columbia
Distilling Co. of Amerioa.
Spirits Distributing
SDokane Falls & Northern
Great Northern.
Springfield Union Depot
.Cleveland Cin. Chic. & St. Louis.
Standard Gas
Consolidated Gas.
Sturgis Goshen & St. Louis
Lake Shore & Michigan Southern.
Sugar Trust
American Sugar Refining.
Sumter & Wateree
Southern Ry Carolina Division.
Sunbnry Hazleton & Wilkesbarre.. Pennsylvania.
Pennsylvania.
Sunbury & Lewistown
Taylor's Falls A Lake Superior
Northern Pacific.
TarMo Valley
Chicago Burlington A Quinoy.
Terre Haute A Indianapolis
Vandalla RR.
Terre Haute & Logansport
Vandalia RR.
Terre Haute A Southeastern
Evans ville & Indianapolis.
Texas Mexican
National RR. of Mexico.
Texas & Oklahoma
Missouri Kansas & Texas.
Toledo Angola & Western
Toledo Ry. & Terminal.
Toledo Riverside
Toledo Ry. &Terminal.
Toronto Grey & Bruce
Canadian Pacific.
Schuylkill River East Side
Scioto Valley & New England
.
,
Troy A Boston
Fitohburg.
Tunnel Railroad of St. Louis
Terminal Ass'n of St. Louis.
Union & Logansport
Pittsburg Cincin. Chicago A 8t. L.
United Elec. Light & Power, Balt.Consol. Gas Eleo. Lt. & Power.
United Elec. Lt. & Power of N. Y.. Consolidated Gas.
United States Cordage
Standard Rope &Twine(Miso.Co's.).
United States Leather
Central Leather.
United States Sugar Refinery
National Starch.
Upper Coos
Maine Central.
Utah Central.
Denver <fe Rio Grande.
Utah Fuel
Denver * Rio Grande.
Utah & Northern
Oregon Short Line.
Black River
Utica &
Rome Watertown A Ogdensburg.
Verdigris Val. Independ'ce A West. .Missouri Pacific
Vicksburg & Meridian
Alabama & Vicksburg
Waco & Northwestern
Houston & Texas Central Railway
Walker Co
West'ghouseEl.& Man. (Miso. Go's.).
Warwick Valley
Lehigh A Hudson River.
Washington Ohio & Western
Southern Ry.
Webster Coal A Coke
Pennsylvania Coal A Coke.
Wellington Grey & Bruce
Grand Trunk.
West River
New London Northern.
Western Equipment
Pere Marquette.
Western Minnesota
Northern Pacifio.
Western North Carolina
Southern Railway.
Western Pennsylvania
Pennsylvania.
West Jersey
West Jersey & Seashore.
West Virginia A Pittsburg
Baltimore A Ohio.
Wilkesbarre & Eastern
N. Y. Susquehanna A Western.
Willmar A Sioux Falls
Great Northern.
Wilmington Columbia & Augusta... Atlantic Coast Line RR.
WIltn.A Weldon— Wilm. & Newborn. Atlantic Coast Line RR.
Winona & St. Peter
Chicago & North Western.
Chicago Milwaukee A St Paul
Wisconsin Valley
International Steam Pump Co.
Worthington, Henry R. Co
Maryland A PnensTvania.
York & Peaoh Bottom
470
FVERSZ & COMBVNY
BANKERS
220
LA SALLE
ST.,
CHICAGO
RAILROAD BONDS
Marshall, Spader
74
&
Company
BROADWAY AND WALDORF-ASTORIA,
NEW
YORK.
MEMBERS
NEW YORK STOCK EXCHANGE,
NEW YORK COFFEE EXCHANGE,
NEW YORK COTTON EXCHANGE,
CHICAGO BOARD OF TRADE.
BRANCH
OFFICES:
HOTEL BELLEVUE-STRATFORD,
UNION TRUST BUILDING,
PHILADELPHIA.
BALTIMORE.
Members:
N. Y. Stock Exchange.
N. Y. Cotton Exchange.
Chicago Board of Trade.
A. O, L>rOWfl
LX CjO.
Private
Wires
-~
._
3O Broad
nixrii r
& W alOOff- AstOfia,
New York.
\
•
to all
Principal Cities.
St.
Railway Bonds and other Investment Securities
A
Specialty.
MASON, LEWIS &
CO.,
BANKERS,
CHICAGO,
MONADNOCK BLDG.
BOSTON,
PHILADELPHIA,
503
CHESTNUT
Municipal, Railroad
and
60
ST.
DEVONSHIRE ST
Corporation Bonds.
CHOICE ISSUES OF
STREET RAILWAY AND GAS COMPANIES.
LIST
ON APPLICATION.
We solicit offerings of entire issues of
WATER WORKS and
8 TEAM RAILWAY,
GAS AND ELECTRIC CO
ELECTRIC RAILWAY,
W.
J.
HAYES &
BANKERS,
SONS,
Chamber
State Street, Corner Devonshire Street,
of
Commerce
CLEVELAND,
BOSTON.
Building,
O.
JACOB RUBINO,
NO. 3
BROAD STREET (DREXEL BUILDING), NEW YORK.
BROKER AND DEALER IN
RAILWAY BONDS, GUARANTEED STOCKS
AND OTHER
INVESTMENT SECURITIES
1HA1 DO NOl NEED REORGANIZATION.
T.
AMcINTYRE & COMPANY,
MEMBERS OF NEW YORK STOCK EXCHANGE,
H BROADWAY:
-
-
NEW
YORK.
United States Government Bonds.
INVESTMENT SECURITIES.
GUARANTEED
STOCKS.
THEO.
H.
FREELAND,
EDMUND
C.
WARREN
president
L.
CONVERSE
CHAIRMAN OF THE BOARD
GREEN, vice-president
JARED K. MYERS, SECOND VICE-PRESIDENT
JOHN E. CURRIER, SECRETARY AND TREASURER
'?\j%;. Jsit./0rr(f.iiy.
AMERICAN BANK NOTE COMPANY
78
to
86
TRINITY PLACE,
NEW YORK
BUSINESS FOUNDED 1795
ENGRAVERS AND PRINTERS OF BONDS AND STOCK CERTIFICATES
And
all
Stamps
other documents requiring security; Bank Notes, Bonds, Postage and Revenue
for Foreign Governments; Drafts, Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed
in the finest
and most
prevent counterfeiting.
artistic style from steel plates, with special safeguards to
Special papers manufactured exclusively for use of this Company.
SAFETY COLORS
WORK EXECUTED
IN
%
SAFETY PAPERS
FIRE-PROOF BUILDINGS
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and illuminated Show Cards of the most approved styles.
Numbered, Local and Coupon Tickets of any size, pattern, style or device, with steel plate tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
@FedFRASER